First Acceptance Corporation reported unaudited consolidated financial results for the fourth quarter and year ended December 31, 2017. Income before income taxes for the three months ended December 31, 2017 was $3.1 million, compared with loss before income taxes of $5.8 million for the three months ended December 31, 2016. Net loss for the three months ended December 31, 2017 was $10.4 million, compared with net loss of $3.5 million for the three months ended December 31, 2016. Revenues for the three months ended December 31, 2017 decreased 6.6% to $82.1 million from $87.8 million in the same period in the prior year. Premiums earned decreased by $3.5 million, or 5.1%, to $65.8 million for the three months ended December 31, 2017, from $69.3 million for the three months ended December 31, 2016. Net loss per diluted share was $0.25 against $0.09 for the same period of last year. Income before income taxes for the year ended December 31, 2017 was $6.6 million, compared with loss before income taxes of $45.1 million for the year ended December 31, 2016. Net loss for the year ended December 31, 2017 was $8.6 million, compared with net loss of $29.2 million for the year ended December 31, 2016. Revenues for the year ended December 31, 2017 decreased 10.8% to $347.5 million from $389.6 million in the same period in the prior year. For the year ended December 31, 2017 premiums earned decreased by $25.1 million, or 13.6%, to $278.2 million from $303.3 million for the year ended December 31, 2016. These decreases were the result of a targeted decline in new policies written through the closing of 53 poorly performing stores, increasing rates and the tightening of underwriting standards. Net loss per diluted share was $0.21 against $0.71 for the same period of last year.