Exhibit 99.1





ADDISON, Texas, August 14, 2014

(GLOBE NEWSWIRE) — Affirmative Insurance Holdings, Inc. (OTC: AFFM), a leading provider of non-standard personal automobile insurance policies, reported consolidated financial results for the three and six months ended June 30, 2014.


     Three Months Ended June 30,      Six Months Ended June 30,  
(In millions, except per share data)    2014     2013      2014     2013  

Gross written premium managed

   $ 81.6      $ 78.2       $ 189.5      $ 174.1   


     47.0        72.8         92.5        136.6   

Operating income (loss)

     (3.5     7.3         0.2        6.8   

Net income (loss)

     (7.2     1.5         (6.6     (4.8

Net income (loss) per diluted share

     (0.47     0.10         (0.43     (0.31

Michael McClure, Chief Executive Officer, stated, “We are disappointed that we continue to have adverse development from prior years. In the second quarter, we booked $5.8 million of additional loss reserves primarily for bodily injury claims in Louisiana and California during 2012 and the first half of 2013. These additional reserves reduced operating income by $7.9 million after consideration of the adjustment to ceding commissions on our quota share reinsurance agreements.

We are seeing improvement in loss cost trends in the second half of 2013 and 2014. We have implemented a number of items to improve the profitability of our insurance operations. These actions have included:


    We continue to push rate increases in all of our major states. For the majority of our business in Louisiana, we implemented a nearly 10% rate increase today that is following a nearly 8% increase we implemented for this business in December 2013.


    Starting in the fourth quarter of 2013, we terminated a significant number of unprofitable agent relationships primarily in Louisiana and, to a lesser extent, in Texas.


    We transformed the book of business from primarily a new book of business in the first half of 2013 to primarily a renewal book of business in the first half of 2014. Our renewal policies tend to have a substantially lower loss ratio than new business policies. While our gross premiums managed increased in the first half of the year, this increase was due to the increase in renewal policies and rate increases. In the first half of this year, the number of new business policies declined in every state that we operate in with the exception of Missouri, while the number of renewal business policies increased in every state other than Illinois, Indiana and Missouri.

The following information was filed by Affirmative Insurance Holdings Inc (AFFMQ) on Thursday, August 14, 2014 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.

View differences made from one quarter to another to evaluate Affirmative Insurance Holdings Inc's financial trajectory

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