ASAM AssuranceAmerica Corp. featured news, full reports, and detailed charts
AssuranceAmerica Corp. (ASAM/ASAM.OB) Wrap Up:
AssuranceAmerica Corporation underwrites and distributes non-standard personal automobile insurance products to individuals primarily in the southeastern United States. Its non-standard insurance products provide customers with coverage for the minimum required statutory limits for bodily injury and property damage liability arising out of the operation of a motor vehicle. The company also offers insurance coverage that affords protection for collision and physical damage to the insureds’ motor vehicles, bodily injury, and property damage caused by uninsured motorists, medical payments, towing and labor, and accidental death and dismemberment. In addition, it provides accounting, product man...www.AssuranceAmerica.com
257 Employees
AssuranceAmerica Corp. (ASAM:OTC Bulletin Board Market)
LAST $0.22 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 18, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of AssuranceAmerica Corp. (ASAM)
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OPEN
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PREVIOUS CLOSE
$0.22
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
01/6/09 - $0.50
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52 WEEK LOW
03/19/09 - $0.10
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MARKET CAP
14.3M
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AVERAGE VOLUME 3 mo
1.5K
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DILUTED EPS TTM
$-0.04
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SHARES OUTSTANDING
65.1M
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ASAM Does Not Pay Dividends
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P/E TTM
NM
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| K = Thousands M = Millions B = Billions | ||
ASAM Top Compensated Officers
Mr. Guy W. Millner
Chairman and Chief Executive Officer
Age: 72
Total Annual Compensation: $250.0K
Mr. Joseph J. Skruck
President and Chief Operating Officer
Age: 45
Total Annual Compensation: $240.0K
Mr. Mark H. Hain
Executive Vice President, Secretary and Gener...
Age: 59
Total Annual Compensation: $210.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for AssuranceAmerica Corp. (ASAM)
AssuranceAmerica Corp. Announces Earnings Results for the Month and Year to Date Ended September 2009
10/27/2009
AssuranceAmerica Corp. announced earnings results for the month and year to date ended September 2009. For the month, the company revenues of $5,467,000 compared to $4,978,000 for the same period a year ago. Pre-tax loss was $134,000 compared to $665,000 for the same period a year ago. For the year to date, the company reported revenues of $51,229,000 compared to $47,941,000 for the same period a year ago. Pre-tax income was $2,106,000 compared to pre-tax loss of $553,000 for the same period a year ago.
AssuranceAmerica Corp. Reports Unaudited Earnings Results for Month and Year to Date Ended August 2009
09/23/2009
AssuranceAmerica Corp. reported unaudited earnings results for month and year to date ended August 2009. For the month, the company's gross premiums increased to $12,975,000 from $12,147,000 reported in the same period last year. Revenues increased to $5,879,000 from $5,331,000, pre-tax income before stock option increased to $481,000 from pre-tax loss before stock option of $81,000 and pre-tax income increased to $452,000 from pre-tax loss of $91,000 for the same period last year. For the year to date period, the company's gross premiums increased to $103,923,000 from $99,975,000 reported in the same period last year. Revenues increased to $45,763,000 from $42,963,000, pre-tax income before stock option increased to $2,465,000 from pre-tax income before stock option of $184,000 and pre-tax income increased to $2,241,000 from pre-tax income of $112,000 for the same period last year.
AssuranceAmerica Corp. Reports Unaudited Earnings Results for Month and Year to Date Ended July 2009
08/27/2009
AssuranceAmerica Corp. reported unaudited earnings results for month and year to date ended July 2009. For the month, the company's gross premiums increased to $11,952,000 from $11,882,000 reported in the same period last year. Revenues increased to $5,704,000 from $5,329,000, pre-tax income before stock option increased to $133,000 from pre-tax loss before stock option of $139,000 and pre-tax income increased to $104,000 from pre-tax loss of $159,000 for the same period last year. For the year to date period, the company's gross premiums increased to $90,948,000 from $87,828,000 reported in the same period last year. Revenues increased to $39,884,000 from $37,632,000, pre-tax income before stock option increased to $1,985,000 from pre-tax loss before stock option of $265,000 and pre-tax income increased to $1,788,000 from pre-tax income of $203,000 for the same period last year.
ASAM Competitors
| Company | Last | Change |
| 21st Century Holding Co | $4.20 USD | +0.20 |
| Acmat Corp | $25.00 USD | 0.00 |
| Anthony Clark Intl Insurance Brokers Ltd | C$0.51 CAD | +0.03 |
| CRM Holdings Ltd | $0.75 USD | +0.01 |
| Fremont Michigan InsuraCorp Inc | $24.10 USD | 0.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | ASAM | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.2x |
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| Price/Book | 1.1x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.0x |
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ASAM |
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ASAM transactions
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| No transactions in the last 6 months. | ||
More Recent News About AssuranceAmerica Corp.
More news for ASAM
ASSURANCEAMERICA CORP Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Financial Condition Investments and cash as of September 30, 2009, decreased $2.7 million to $16.4 million from investments and cash of $19.1 million as of December 31, 2008. The decrease was due to $2.3 million in cash used for operating activities and $0.8 million in principal payments on notes payable, offset by $0.8 million in net sales of investments. The Company's investments of $9.9 million are primarily in direct obligations of the U.S. Treasury as well as those securities unconditionally guaranteed as to the payment of principal and interest by the United States government or any agency thereof and in high-quality corporate and municipal bonds of Georgia-based issuers. The Company's investment activities are conducted in accordance with the Company's Investment Policy. The objectives of the Investment Policy are to obtain favorable after-tax returns on investments through a diversified portfolio of fixed income, equity and real estate holdings. The Company's investment criteria and practices reflect the short-term duration of its contractual obligations with policyholders and regulators. Tax considerations include federal and state income tax as well as premium tax abatement and credit opportunities offered to insurance companies in the states where AAIC writes policies. Premiums receivable as of September 30, 2009, increased $7.6 million to $38.8 million compared to December 31, 2008. The balance represents amounts due from AAIC's insureds and the increase is directly attributable to the increase in AAIC's premium writings during the first nine months of 2009. The Company's policy is to write off receivable balances immediately upon cancellation or expiration, and the Company does not consider an allowance for doubtful accounts to be necessary. Table of Contents Reinsurance recoverable as of September 30, 2009, increased $1.8 million to $...Click here to read the whole Article (external link)
ASSURANCEAMERICA CORP Files SEC form 8-K, Other Events
Show all filings for ASSURANCEAMERICA CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for ASSURANCEAMERICA CORP 27-Oct-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for tradin...Click here to read the whole Article (external link)
ASSURANCEAMERICA CORP Files SEC form 8-K, Other Events
Show all filings for ASSURANCEAMERICA CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for ASSURANCEAMERICA CORP 23-Sep-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading...Click here to read the whole Article (external link)
ASSURANCEAMERICA CORP Financials
PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue16,405 17,774 15,296 15,639 Cost of Revenue - - - - Gross Profit16,405 17,774 15,296 15,639 Operating ExpensesResearch Development - - - - Selling General and Administrative15,655 15,993 15,499 16,074 Non Recurring - - 3,374 - Others294 300 323 326 Total Operating Expenses - - - - Operating Income or Loss456 1,481 (3,900)(761)Income from Continuing OperationsTotal Other Income/Expenses Net - - - - Earnings Before Interest And Taxes456 1,481 (3,900)(761)Interest Expense118 134 149 154 Income Before Tax338 1,346 (4,048)(915)Income Tax Expense156 529 (1,219)(297)Minority Interest - - - - Net Income From Continuing Ops182 817 (2,829)(618)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - ...Click here to read the whole Article (external link)
ASSURANCEAMERICA CORP Files SEC form 8-K, Other Events
Show all filings for ASSURANCEAMERICA CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for ASSURANCEAMERICA CORP 27-Aug-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading...Click here to read the whole Article (external link)
ASSURANCEAMERICA CORP Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Financial Condition Investments and cash as of June 30, 2009, decreased $1.7 million to $17.3 million from investments and cash of $19.1 million as of December 31, 2008. The decrease was due to $1.2 million in cash used for operating activities, $0.4 million in net purchases of investments and $0.5 million in principal payments on notes payable. The Company's investments of $10.5 million are primarily in direct obligations of the U.S. Treasury as well as those securities unconditionally guaranteed as to the payment of principal and interest by the United States government or any agency thereof and in high-quality corporate and municipal bonds of Georgia-based issuers. The Company's investment activities are made in accordance with the Company's Investment Policy. The objectives of the Investment Policy are to obtain favorable after-tax returns on investments through a diversified portfolio of fixed income, equity and real estate holdings. The Company's investment criteria and practices reflect the short-term duration of its contractual obligations with policyholders and regulators. Tax considerations include federal and state income tax as well as premium tax abatement and credit opportunities offered to insurance companies in the states where AAIC writes policies. Premiums receivable as of June 30, 2009, increased $5.7 million to $36.9 million compared to December 31, 2008. The balance represents amounts due from AAIC's insureds and the increase is directly attributable to the increase in AAIC's premium writings during the first six months of 2009. The Company's policy is to write off receivable balances immediately upon cancellation or expiration, and the Company does not consider an allowance for doubtful accounts to be necessary. Reinsurance recoverable as of June 30, 2009, increased $4.0 million to $43.0 million compared to December 31, 2008. The increase is directly relat...Click here to read the whole Article (external link)
ASSURANCEAMERICA CORP Files SEC form 8-K, Other Events
Show all filings for ASSURANCEAMERICA CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for ASSURANCEAMERICA CORP 28-Jul-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for tradin...Click here to read the whole Article (external link)
ASSURANCEAMERICA CORP Files SEC form 8-K, Entry into a Material Definitive Agreement
Show all filings for ASSURANCEAMERICA CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for ASSURANCEAMERICA CORP 23-Jul-2009Entry into a Material Definitive Agreement Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes...Click here to read the whole Article (external link)
ASSURANCEAMERICA CORP Files SEC form 8-K, Change in Directors or Principal Officers
Show all filings for ASSURANCEAMERICA CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for ASSURANCEAMERICA CORP 14-Jul-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes o...Click here to read the whole Article (external link)
ASSURANCEAMERICA CORP Files SEC form 8-K, Other Events
Show all filings for ASSURANCEAMERICA CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for ASSURANCEAMERICA CORP 26-Jun-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for tradin...Click here to read the whole Article (external link)
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