Affirmative Insurance Holdings Inc (AFFM) financial statements (2022 and earlier)

Company profile

Business Address 4450 SOJOURN DRIVE
ADDISON, TX 75001
State of Incorp. DE
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23,86344,56938,176
Cash and cash equivalents23,86344,56938,176
Total current assets:23,86344,56938,176
Noncurrent Assets
Property, plant and equipment8,38913,97822,571
Intangible assets, net (including goodwill)1,5001,50014,265
Intangible assets, net (excluding goodwill)1,5001,50014,265
Deferred costs5,200  
Total noncurrent assets:15,08915,47836,836
Other undisclosed assets298,737326,794263,383
TOTAL ASSETS:337,689386,841338,395
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,1001,6004,500
Total current liabilities:1,1001,6004,500
Noncurrent Liabilities
Other undisclosed liabilities470,988488,133467,149
Total liabilities:472,088489,733471,649
Stockholders' equity
Stockholders' equity attributable to parent, including:(134,399)(102,892)(133,254)
Common stock190182182
Treasury stock, value(32,910)(32,910)(32,910)
Additional paid in capital167,623167,049166,749
Accumulated other comprehensive loss (1,654)(998)
Accumulated deficit(267,766)(235,559)(266,277)
Other undisclosed stockholders' equity attributable to parent(1,536)  
Total stockholders' equity:(134,399)(102,892)(133,254)
TOTAL LIABILITIES AND EQUITY:337,689386,841338,395

Income statement (P&L) ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
Revenues143,533246,124209,761
Financial services revenue140,475165,69534
Gross profit:143,533246,124209,761
Operating expenses(174,488)(254,632)(217,975)
Other operating income, net3125 
Other undisclosed operating loss(3)(125) 
Operating loss:(30,955)(8,508)(8,214)
Nonoperating income
(Investment Income, Nonoperating)
1,2016,4487,723
Interest and debt expense(12,954)(24,856)(19,743)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes8,79958,523(31,415)
Income (loss) from continuing operations before income taxes:(33,909)31,607(51,649)
Income tax expense (benefit)1,702(889)(264)
Net income (loss) available to common stockholders, diluted:(32,207)30,718(51,913)

Comprehensive Income ($ in thousands)

12/31/2014
12/31/2013
12/31/2012
Net income (loss):(32,207)30,718(51,913)
Comprehensive income (loss), net of tax, attributable to parent:(32,207)30,718(51,913)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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