Affirmative Insurance Holdings, Inc | |
Type: | Public |
Traded As: | AFFM |
Industry: | Property & Casualty Insurance |
Foundation: | 1998 |
Location: | Addison, Texas |
Key People: | Michael J. McClure (CEO) |
Operating Income: | US$ 209.761 million (2012)[1] |
Assets: | US$ 338.395 million (2012) |
Equity: | US$ 133.254 million (2012) |
Affirmative Insurance Holdings, Inc. is an American company that provides individual consumers non-standard personal automobile insurance policies and other related products through its subsidiaries, independent agents and unaffiliated underwriting agencies in the United States. The company provides liability-only policies including bodily injury liability coverage, property damage liability coverage, personal injury protection coverage and medical payment coverage.[2]
In 1998, the company founded in Addison, Texas as Instant Insurance Holdings, Inc.[2]
In 2003, the company completed the acquisition of two non-standard automobile insurance companies from Vesta Insurance Group, Inc.[3]
In 2004, the company completed the initial public offering.[3]
In 2007, the company completed the acquisition of USAgencies, a provider of non-standard automobile insurance.[3]
In 2013, Confie Seguros, a rapidly growing national provider of personal lines insurance signed an agreement to acquire the retail distribution arm of Affirmative Insurance Holdings, Inc.[4]
In 2015, the company filed for chapter 11 bankruptcy.[5]