Affirmative Insurance Holdings, Inc. · Addison, TX United States ·(NASDAQ (GS): AFFM)
Company Description
View Affirmative Insurance Holdings, Inc. Locations On A US Map
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This link will open in a new window If you've got a bad driving record or let your insurance lapse, can you still get auto coverage? This company answers in the Affirmative. Affirmative Insurance Holdings, through its subsidiaries, writes and sells non-standard auto insurance policies -- that is, coverage for drivers in high-risk categories due to their age, driving records, and other factors -- in about a dozen states. It markets its own policies, as well as non-standard coverage from other insurers, through some 250 owned and franchised retail locations (including Driver's Choice, Yellow Key, and A-Affordable stores) and through independent brokers. Investment firm J.C. Flowers controls more than half of the company. To read the full description, subscribe now.
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Key Affirmative Insurance Holdings, Inc. Financials
| Company Type | Public - NASDAQ (GS): AFFM Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $448.9 |
| 2008 Employees | 1,257 |
Affirmative Insurance Holdings, Inc. Executives
14 executives listed for Affirmative Insurance Holdings, Inc.'s Addison, TX location.
| Title | Name & Bio | Contact |
| Chairman, President, and CEO | Kevin Callahan | Network |
| EVP and COO | Robert Bondi | Network |
| EVP and CFO | Michael McClure | Network |
Competition
Competitive Landscape for Affirmative Insurance Holdings, Inc.
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top Affirmative Insurance Holdings, Inc. Competitors
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