Last $9.81 USD
Change Today -0.01 / -0.10%
Volume 9.5K
FRF On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).
text size: T | T
Back to Snapshot
Company Description

Contact Info

Building 100

Suite 330

10151 Deerwood Park Boulevard

Jacksonville, FL 32256

United States

Phone: 866-961-9529

Fax:

Fortegra Financial Corporation operates as an insurance services company. The company offers a range of products, including payment protection products, motor club memberships, service contracts, device and warranty services, and administration services, to its business partners, including insurance companies, retailers, dealers, insurance brokers and agents, and financial services companies. Majority of the company's business is generated through networks of small to mid-sized community and regional banks, small loan companies, independent wireless retailers, and automobile dealerships. The company offers products that protect lenders and their customers from death, disability, or other events that could otherwise impair their ability to repay a debt. It also offers warranty and other service contracts for mobile handsets, furniture, and major appliances, as well as motor club solutions for consumers through its retail, auto, and financing clients. In addition, the company provides an assortment of administrative services tailored to insurance and other financial services companies through a virtual insurance company platform. Its business benefits from efficiencies of centralized accounting, compliance, legal, technology, human resources, and administrative services. The company offers products marketed under its Life of the South, ProtectCELL, 4Warranty, Continental Car Club, United Motor Club, and Auto Knight Motor Club brands. Through these brands, the company delivers credit insurance, debt protection, warranty and other service contracts, motor club solutions, and membership plans to consumer finance companies, regional banks, community banks, retailers, small loan companies, warranty administrators, automobile dealers, vacation ownership developers, credit unions, and independent wireless retailers. Its clients then offer these complimentary products and services to their customers in conjunction with consumer transactions. The company owns and operates insurance company subsidiaries to facilitate, on behalf of its clients, the distribution of credit insurance and payment protection services and products. This allows its clients to sell these services and products to their customers without having to establish their own insurance companies, which saves its clients the cost and time of undertaking and complying with regulatory and licensing requirements. The company’s clients retain underwriting risk related to such products either through retrospective commission arrangements or fully-collateralized reinsurance companies owned by them, which it administers on their behalf. In addition, the company’s insurance company subsidiaries issue contractual liability policies to warranty companies and service providers in relation to warranty and service contracts. The company generates service and administrative fees for administering payment protection products on behalf of its clients. It also earns ceding commissions for credit insurance that the company cedes to reinsurers through coinsurance arrangements. It elects to cede to reinsurers a portion of the credit insurance that it distributes for loss protection and capital management. In addition, the company generates net investment income from its invested assets portfolio. The company also offers a range of administrative services, under its Consecta brand, tailored to insurance and other financial services companies. The company utilizes its technology, and the capacity and expertise of its operations team, to provide sales and marketing, electronic underwriting, premium billing and collections, policy administration, claims adjudication and call center management services on behalf of its clients. Acquisitions In 2013, the company acquired 100% of Response Indemnity Company of California, a property/casualty insurance company. Dispositions In December 2013, the company sold its subsidiaries, such as Bliss and Glennon, Inc., a California corporation and eReinsure.com, Inc., a Delaware corporation to AmWINS Holdings, LLC, a North Carolina limited liability company. In June 2013, the company sold its wholly-owned subsidiary, Magna Insu

Page 12Next Page
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
FRF:US $9.81 USD -0.01

FRF Competitors

Market data is delayed at least 15 minutes.

Company Last Change
EMC Insurance Group Inc $30.00 USD -1.06
Horace Mann Educators Corp $28.84 USD +0.01
Selective Insurance Group Inc $23.84 USD +0.21
State Auto Financial Corp $20.85 USD -0.29
United Fire Group Inc $30.41 USD -0.04
View Industry Companies
 

Industry Analysis

FRF

Industry Average

Valuation FRF Industry Range
Price/Earnings 16.6x
Price/Sales 0.5x
Price/Book 1.1x
Price/Cash Flow 6.1x
TEV/Sales 0.4x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FORTEGRA FINANCIAL CORP, please visit www.fortegrafinancial.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.