Exhibit 99.1





ADDISON, Texas, August 14, 2013

(GLOBE NEWSWIRE) — Affirmative Insurance Holdings, Inc. (Nasdaq:AFFM), a leading distributor and producer of non-standard personal automobile insurance policies, reported consolidated financial results for the three and six months ended June 30, 2013.


     Three Months Ended June 30,     Six Months Ended June 30,  
(In millions, except per share data)    2013      2012     2013     2012  

Gross written premium

   $ 68.6       $ 47.1      $ 142.0      $ 112.7   


     72.8         51.8        136.6        103.2   

Net income (loss)

     1.5         (5.7     (4.8     (14.2

Net income (loss) per diluted share

     0.10         (0.37     (0.31     (0.92

Michael McClure, Acting Chief Executive Officer, stated, “We are pleased that we achieved profitability on a quarterly basis for the first time in years. Our second quarter results demonstrate continued progress as a result of actions taken with respect to pricing, underwriting and expense reduction. We also are benefiting significantly from favorable non-standard personal automobile insurance market conditions primarily in Texas and to a lesser extent in California and Louisiana as our more aggressive competition has subsided. This has led to significant gross written premium growth in 2013. We expect these favorable conditions to continue and possibly expand to other states. We are also pleased that we solved our Illinois Department of Insurance reserve requirement issue this quarter and do not anticipate any issues with this requirement going forward. We are also working with our senior lenders to find a solution for our senior debt maturity in January 2014. The actions we have taken and the changes we continue to make in conjunction with the improved market conditions should lead to continued improved financial performance.”

Operating Performance



Total gross premiums written for the three months ended June 30, 2013 increased $21.5 million, or 45.7%, compared with the prior year quarter. Total gross premiums written for the six months ended June 30, 2013 increased $29.4 million, or 26.1%, compared with the prior year period. Historically, we assumed premiums from a Texas county mutual insurance company (the county mutual) whereby we assumed 100% of the policies issued by the county mutual for business produced by our owned general agents. The county mutual did not retain any of this business and there were no loss limits other than the

The following information was filed by Affirmative Insurance Holdings Inc (AFFMQ) on Wednesday, August 14, 2013 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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