First Acceptance Corporation Reports Operating Results for the Quarter Ended March 31, 2024 - Seite 2

This press release contains forward-looking statements. All statements made other than statements of historical fact are forward-looking statements. You can identify these statements from our use of the words "believe," "expect," "look," or the negative of these objective terms and similar expressions. These statements, which have been included in reliance on the "safe harbor" provisions of the federal securities laws, involve risks and uncertainties. Investors are hereby cautioned that these statements may be affected by important factors, including, among others, the factors set forth under the caption "Risk Factors" in our Annual Report for the year ended December 31, 2023, filed by the Company with the OTCQX. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

First Acceptance Corporation and Subsidiaries
Condensed Consolidated Statements of Income
(amounts in thousands, except per share data)

		Three Months Ended
		March 31,
		2024				2023
Revenues		$	145,263			$	97,909
Income before income taxes		$	8,938			$	1,418
Net income		$	6,928			$	1,158
Net income per diluted share		$	0.18			$	0.03
Average diluted shares outstanding			38,681				37,978