| Address:
|
4450 SOJOURN DRIVE
SUITE 500 |
| City: |
ADDISON |
|
State: |
TX |
|
Zip Code: |
75001 |
| Telephone: |
972-728-6300 |
|
Description of Business
|
Primary SIC Code:
6331 |
| (As filed with the SEC)
|
|
|
Affirmative Insurance Holdings, Inc., formerly known as Instant Insurance
Holdings, Inc., was incorporated in Delaware in June 1998 and completed an
initial public offering of its common stock in July 2004. In this report, the
terms "Affirmative," "the Company," "we," "us" or "our" mean Affirmative
Insurance Holdings, Inc. and all entities included in our consolidated financial
statements. We are a distributor and producer of non-standard personal
automobile insurance policies for individual consumers in targeted geographic
markets. Non-standard personal automobile insurance policies provide coverage to
drivers who find it difficult to obtain insurance from standard automobile
insurance companies due to their lack of prior insurance, age, driving record,
limited financial resources or other factors. Non-standard personal automobile
insurance policies generally require higher premiums than standard automobile
insurance policies for comparable coverage. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 09/2009 | -0.21 | NA | N/E | | 06/2009 | -0.21 | NA | N/E | | 03/2009 | 0.49 | NA | 6.53 | | 12/2008 | 0.09 | 0.020 | 16.11 | | 09/2008 | 0.12 | 0.020 | 26.33 | | 06/2008 | 0.86 | 0.020 | 7.91 | | 03/2008 | 0.78 | 0.020 | 10.23 | | 12/2007 | 0.63 | 0.020 | 16.48 |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2008 |
Leverage |
2008 |
| Net Inc/Comm Equity | 0.01 | Total Liab/Total Assets | 0.73 | | Net Inc/Total Assets | 0.00 | Total Liab/Inv Cap | 0.73 | | Net Inc/Inv Cap | 0.00 | Total Liab/Comm Equity | 4.47 | | Pretax Inc/Net Sales | 0.00 | Interest Coverage Ratio | 0.89 | | Net Inc/Net Sales | 0.00 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | -0.02 | LTD/Equity | 0.99 | | SG&A/NetSales | 0.93 | Total Debt/Equity | 0.99 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 2.62 | Quick Ratio | NA | | Inventory Turnover | NA | Current Ratio | NA | | Inventory Day Sales | NA | Net Rec/Curr Assets | NA | | Net Sales/Work Cap | NA | Inv/Curr Assets | NA | | Net Sales/PP&E | 9.35 | | |
Income Statement (Millions) |
| |
9/30/2009
|
6/30/2009
|
3/31/2009
|
12/31/2008
|
|
Total Revenues(Net Sales)
|
111.51
|
116.00
|
117.91
|
101.38
|
|
Cost of Goods Sold
|
NA
|
NA
|
NA
|
NA
|
|
Selling & Admin Exps
|
108.38
|
119.91
|
111.29
|
94.91
|
|
Operating Income
|
0.79
|
-6.29
|
4.20
|
4.93
|
|
Interest Exp
|
6.43
|
6.58
|
4.14
|
4.27
|
|
Pretax Income
|
-6.57
|
-13.38
|
15.07
|
0.66
|
|
Other Income
|
-0.93
|
-0.52
|
15.00
|
NA
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-3.42
|
-9.01
|
10.82
|
1.09
|
|
Assets
|
9/30/2009
|
6/30/2009
|
3/31/2009
|
12/31/2008
|
|
Cash & Short Term Investments
|
67.39
|
67.07
|
83.52
|
86.62
|
|
Receivables - Total
|
155.40
|
154.82
|
171.23
|
165.28
|
|
Inventories - Total
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Assets
|
NA
|
NA
|
NA
|
NA
|
|
Net Property, Plant & Equipment
|
41.19
|
47.28
|
48.46
|
47.99
|
|
Total Assets
|
787.09
|
789.35
|
811.11
|
802.05
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
4.44
|
1.97
|
4.59
|
5.15
|
|
Debt in Current Liabilities
|
110.15
|
NA
|
NA
|
NA
|
|
Total Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Long-Term Debt
|
80.10
|
185.49
|
193.53
|
213.59
|
|
Total Liabilities
|
566.26
|
566.00
|
579.17
|
585.57
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
NA
|
|
Common Stock
|
0.18
|
0.18
|
0.18
|
0.18
|
|
Retained Earnings
|
85.72
|
89.15
|
98.15
|
87.33
|
|
Treasury Stock
|
-32.88
|
-32.88
|
-32.88
|
-32.88
|
|
Total Stockholders' Equity
|
220.83
|
223.35
|
231.94
|
216.48
|
|
Total Liabilities and Stockholders' Equity
|
787.09
|
789.35
|
811.11
|
802.05
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2009
|
6/30/2009
|
3/31/2009
|
12/31/2008
|
|
Net Cash Provided by Operating Activities
|
-5.66
|
0.88
|
14.85
|
2.37
|
|
Net Cash Provided by Investing Activities
|
8.86
|
-7.42
|
-15.80
|
18.72
|
|
Net Cash Provided by Financing Activities
|
-0.34
|
-5.72
|
-2.80
|
-0.68
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2004 | 288.67 | 24.43 | 1.72 | | 12/2005 | 381.48 | 18.30 | 1.14 | | 12/2006 | 357.11 | 9.74 | 0.63 | | 12/2007 | 500.03 | 9.67 | 0.63 | | 12/2008 | 448.92 | 1.44 | 0.09 | | Growth Rates | 11.67 | -50.75 | -52.17 |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/09 | 30 | 10,479 | 67.98 |
|
Report Date :
3/1/2010
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