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Saturday, December 19, 2009, 10:56AM ET - U.S. Markets Closed. Dow Up 0.20% Nasdaq Up 1.45%
Affirmative Insurance Holdings Inc. (AFFM)On Dec 18: 3.44  Down 0.41 (10.65%)  
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Affirmative Insurance Holdings Inc.
4450 Sojourn Drive
Suite 500
Addison, TX 75001
United States - Map
Phone: 972-728-6300
Fax: 972-991-0882
Web Site: http://www.affirmativeholdings.com

DETAILS 
Index Membership:N/A
Sector:Financial
Industry:Property & Casualty Insurance
Full Time Employees:1,257

BUSINESS SUMMARY 
Affirmative Insurance Holdings, Inc., through its subsidiaries, engages in the design, sale, underwriting, and servicing of non-standard personal automobile insurance policies for individual consumers in the United States. It offers a range of liability-only polices that comprise bodily injury liability coverage, property damage liability coverage, and personal injury protection coverage and/or medical payment coverage. The company also offers full coverage policies, which include collision coverage for damage to the insured vehicle as a result of a collision with another vehicle or object; comprehensive coverage for damages to the insured vehicle as a result of causes other than collision, such as theft, hail, and vandalism; and optional coverages, such as towing, rental reimbursement, and special equipment. In addition, it sells third-party non-standard personal automobile insurance policies; complementary insurance products, including motorcycle and recreational vehicle coverage, motor club memberships, vehicle protection, travel protection, and hospital indemnity, as well as life, health, and disability insurance policies; and ancillary non-insurance products and services, such as prepaid cellular telephones, prepaid local telephone, long distance calling card services, and income tax services. Affirmative Insurance Holdings sells its insurance products through its retail stores, independent agents, unaffiliated managing general agencies, and Internet, as well as through a call center and finance company. As of December 31, 2008, it had 219 owned stores and 35 franchised retail stores. The company was formerly known as Instant Insurance Holdings, Inc. Affirmative Insurance Holdings was founded in 1998 and is based in Addison, Texas.
Key Statistics

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    CORPORATE GOVERNANCE 
    Affirmative Insurance Holdings Inc.'s Corporate Governance Quotient (CGQ®) as of 1-Dec-09 is better than 52.2% of CGQ Universe companies and 26.9% of Insurance companies.
    Brought to you by Institutional Shareholder Services.

    KEY EXECUTIVES 
     PayExercised
    Mr. Kevin R. Callahan , 47
    Chairman of Board, Chief Exec. Officer, Pres, Chairman of Exec. Committee and Pres of Retail Division
    $ 950.00K $ 0
    Mr. Michael J. McClure , 48
    Chief Financial Officer and Exec. VP
    $ 666.00KN/A
    Mr. Robert A. Bondi , 47
    Chief Operating Officer and Exec. VP
    $ 449.00K $ 0
    Mr. Joseph G. Fisher , 39
    Exec. VP, Sec. and Gen. Counsel
    $ 374.00K $ 0
    Mr. Wilson A. Wheeler , 55
    Chief Claims Officer and Sr. VP
    N/A N/A
    Dollar amounts are as of 31-Dec-08 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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