Affirmative Insurance Holdings has reported net loss of $9.6m, or $0.62 per share for the first quarter of 2011, compared to net loss of $3.5m, or $0.22 per share, for the same period last year.
Gross written premium for the first quarter of 2011 were $77.8m, compared to $117.1m for the same quarter prior year.
Total revenues for the first quarter were $72.3m, compared to $119.6m for the same period last year.
Affirmative Insurance Holdings CEO Gary Kusumi said while a net loss for the quarter is always disappointing, the firm has seen improvement in many areas of its business as a result of the actions it has taken in the last two quarters to address the poor performance of its subsidiary insurance companies.