Affirmative Insurance Holdings, a provider of non-standard personal automobile insurance policies, has reported a net loss of $0.8m or $0.05 per share, compared to a net loss of $12.11m or $0.79 per share in the same quarter last year.

Total revenues for the second quarter of 2011 decreased $54.7m, a 45.5% decrease from the second quarter of 2010.

Gross premiums written for the second quarter of 2011 decreased $23.4m, or 32%, compared with the second quarter of 2010.

The losses and loss adjustment expenses were 63% of net earned premium(the loss ratio), compared with a loss ratio of 83.9% in the comparable prior year quarter.

Selling, general and administrative (SG&A) expenses decreased $14.3m in the second quarter of 2011, or 33.5%, to $28.3m, compared with $42.5m in the second quarter of 2010.

Affirmative Insurance Holdings CEO Gary Kusumi said that the company’s second quarter results demonstrate continued progress as a result of actions taken with respect to pricing, underwriting, expense reduction and claims.

"Although we have not yet achieved overall profitability, two consecutive quarters of positive trends are encouraging,"Kusumi said.