First Acceptance Corporation (OTC: FACO) - Q4 2024 Press Release - March 4, 2025
Press release takeaway:
First Acceptance has quietly executed a remarkable turnaround post-COVID and post-agency sale, delivering eight straight profitable quarters, record gross premiums, and a growing investment portfolio. While reported revenue is impacted by strategic risk-sharing and divestitures, core earnings power is rising. With rising book value, no debt dilution, and ample liquidity, FACO appears to be an under-the-radar insurance recovery story trading well below intrinsic value. 2025 will be critical to confirm premium sustainability and further margin gains.