First Acceptance Corp. (FAC) reported a net loss for the fourth quarter of $71.53 million or $1.50 per share, compared to a loss of $8.76 million or $0.18 per share in the year-ago quarter.
Adjusted net income was $6.61 million or $0.14 per share, compared to adjusted net loss of $5.44 million or $0.11 per share in the same quarter last year.
Revenues for the quarter decreased to $61.70 million from $78.92 million in the prior-year quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.