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(RTTNews) - Affirmative Insurance Holdings Inc. (AFFM PowerRating), announced fourth quarter net loss of $6.3 million or $0.41 per share, compared to a net loss of $1.1 million or $0.07 per share in the same quarter last year. Quarterly revenues declined 6.6% to $85.97 million, from $92.1 million in the year ago quarter.
For the fiscal year, the company reported net income of $9.74 million or $0.63 per share, compared to net income of $18.31 million or $1.14 per share in the last year. Revenues for the period decreased to $357.11 million, from $381.5 million in the previous year.
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