Affirmative Insurance Holdings sees $229,852 January operating loss

By Caroline Salls

Pittsburgh, Feb. 23 – Affirmative Insurance Holdings, Inc. posted an operating loss of $229,852 for January on zero revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Affirmative reported a $156,350operating loss for December on $12,347 in revenue.

The net loss for January was $770,929, widening from a $692,943 December net loss.

The company also had $9.47 million in cash and cash equivalents as of Jan. 31, down from $10 million at the end of December.

Affirmative Insurance is a Burr Ridge, Ill.-based producer and provider of personal non-standard automobile insurance policies to individual consumers. The company filed bankruptcy on Oct. 15 under Chapter 11 case number 15-12136.

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