AFFM Financials Tuesday, July 15, 2014 6:30:57 PM

AFFM Financials Tuesday, July 15, 2014 6:30:57 PM
Affirmative Insurance Holdings, Inc.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 246,124 209,761 249,798 425,767
Cost of Revenue 147,818 111,858 137,657 312,669
Gross Profit 98,306 97,903 112,141 113,098
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 99,735 96,055 110,716 164,908
Non-Recurring Items - - - -
Other 7,079 10,062 9,674 9,622
Operating Income (8,508) (8,214) (8,249) (61,432)
Income From Continuing Operations
Add'l Income/Expense Items 60,778 (23,692) (141,814) (961)
Earnings Before Interest and Tax 52,270 (31,906) (150,063) (62,393)
Interest Expense 20,663 19,743 21,575 22,782
Earnings Before Tax 31,607 (51,649) (171,638) (85,175)
Income Tax 889 264 (9,040) 1,748
Minority Interest - - - -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations 30,718 (51,913) (162,598) (86,923)
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income 30,718 (51,913) (162,598) (86,923)
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders 30,718 (51,913) (162,598) (86,923)