First Acceptance Corporation Reports Operating Results for the Quarter Ended March 31, 2023 - Seite 3

	First Acceptance Corporation and Subsidiaries
	Condensed Consolidated Statements of Operations
	(amounts in thousands, except per share data)
	Three Months Ended
	March 31,
	2023				2022
Revenues	$	97,909			$	67,644
Income (loss) before income taxes

$ 1,418 $ (3,907 )

Net income (loss)

$ 1,158 $ (3,134 )

Net income (loss) per diluted share

$ 0.03 $ (0.08 )

Average diluted shares outstanding

37,978 37,939

Combined Ratio for Insurance Companies:

Loss

75.2 % 79.2 %

Expense

27.2 % 27.9 %

Combined

102.4 % 107.1 %

INVESTOR RELATIONS CONTACT: