Exhibit 99

First Acceptance Corporation Reports Operating Results for the Three and Six Month Periods Ended June 30, 2014

NASHVILLE, TN, August 5, 2014 — First Acceptance Corporation (NYSE: FAC) today reported its financial results for the three and six month periods ended June 30, 2014.

Income before income taxes for the three months ended June 30, 2014 was $3.7 million, compared with income before income taxes of $2.3 million for the same period in the prior year. Net income for the three months ended June 30, 2014 was $3.5 million, or $0.08 per share on a basic and diluted basis, compared with net income of $2.1 million, or $0.05 per share on a basic and diluted basis, for the same period in the prior year.

Income before income taxes for the six months ended June 30, 2014 was $4.3 million, compared with income before income taxes of $4.4 million for the same period in the prior year. Net income for the six months ended June 30, 2014 was $4.0 million, or $0.10 per share on a basic and diluted basis, compared with net income of $4.1 million, or $0.10 per share on a basic and diluted basis, for the same period in the prior year.

Joe Borbely, the Company’s President commented “We are pleased that the recent investment in our people, operations and product is being realized in our top-line results. Acceptance is becoming recognized as a market leader for auto insurance in the communities we serve. Our multi-channel approach offers our customers the ability to purchase insurance products the way they want: by clicking, calling or visiting one of our 353 neighborhood locations.”

Revenues. Revenues for the three months ended June 30, 2014 were $67.1 million, compared with $62.5 million for the same period in the prior year. Revenues for the six months ended June 30, 2014 were $129.7 million, compared with $121.8 million for the same period in the prior year.

Premiums earned for the three months ended June 30, 2014 were $55.9 million, compared with $52.1 million for the same period in the prior year. Premiums earned for the six months ended June 30, 2014 were $107.6 million, compared with $101.5 million for the same period in the prior year. This improvement was primarily due to a higher percentage of full coverage policies sold and our recent pricing actions.

Loss Ratio. The loss ratio was 73.5 percent for the three months ended June 30, 2014, compared with 75.0 percent for the three months ended June 30, 2013. The loss ratio was 72.4 percent for the six months ended June 30, 2014, compared with 71.5 percent for the six months ended June 30, 2013. We experienced favorable development related to prior periods of $2.4 million for the three months ended June 30, 2014, compared with favorable development of $1.4 million for the three months ended June 30, 2013. For the six months ended June 30, 2014, we experienced favorable development related to prior periods of $4.4 million, compared with favorable development of $2.5 million for the six months ended June 30, 2013. The favorable development for the three and six month periods ended June 30, 2014 was primarily due to lower than expected development related to bodily injury emergence in recent accident quarters.

Excluding the development related to prior periods, the loss ratios for the three months ended June 30, 2014 and 2013 were 77.8 percent and 77.7 percent, respectively. Excluding the development related to prior periods, the loss ratios for the six months ended June 30, 2014 and 2013 were 76.5 percent and 74.0 percent, respectively. The year-over-year increase in the loss ratio was primarily due to weather-related claims frequency in the collision and property damage coverages.

Expense Ratio. The expense ratio was 20.7 percent for the three months ended June 30, 2014, compared with 21.7 percent for the three months ended June 30, 2013. The expense ratio was 24.9 percent for the six months ended June 30, 2014, compared with 25.2 percent for the six months ended June 30, 2013. The year-over-year decrease in the expense ratio was primarily due to the increase in premiums earned which resulted in a lower percentage of fixed expenses in our retail operations (such as rent and base salary).

Combined Ratio. The combined ratio was 94.2 percent for the three months ended June 30, 2014, compared with 96.7 percent for the same period in the prior year. For the six months ended June 30, 2014, the combined ratio was 97.3 percent, compared with 96.7 percent for the same period in the prior year.

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About First Acceptance Corporation

We are principally a retailer, servicer and underwriter of non-standard personal automobile insurance based in Nashville, Tennessee. We currently write non-standard personal automobile insurance in 12 states and are licensed as an insurer in 13 additional states. Non-standard personal automobile insurance is made available to individuals because of their inability or unwillingness to obtain standard insurance coverage due to various factors, including payment history, payment preference, failure in the past to maintain continuous insurance coverage, driving record and/or vehicle type, and in most instances who are required by law to buy a minimum amount of automobile insurance.

At June 30, 2014, we leased and operated 353 retail locations, staffed with employee-agents. Our employee-agents primarily sell non-standard personal automobile insurance products underwritten by us, as well as certain commissionable ancillary products. In most states, our employee-agents also sell a complementary insurance product providing personal property and liability coverage to renters underwritten by us. In addition, select retail locations in highly competitive markets in Illinois and Texas began offering non-standard personal automobile insurance serviced and underwritten by other third-party insurance carriers. In addition to our retail locations, we are able to complete the entire sales process over the phone via our call center or through the internet via our consumer-based website or mobile platform. We also sell our products through 11 retail locations operated by independent agents. Additional information about First Acceptance Corporation can be found online at www.acceptanceinsurance.com.

This press release contains forward-looking statements. These statements, which have been included in reliance on the “safe harbor” provisions of the federal securities laws, involve risks and uncertainties. Investors are hereby cautioned that these statements may be affected by important factors, including, among others, the factors set forth under the caption “Risk Factors” in Item 1A. of our Annual Report on Form 10-K for the year ended December 31, 2013 and in our other filings with the Securities and Exchange Commission. Actual operations and results may differ materially from the results discussed in the forward-looking statements. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.

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FIRST ACCEPTANCE CORPORATION AND SUBSIDIARIES

Consolidated Statements Income

(Unaudited)

(in thousands, except per share data)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014		2013
Revenues:
Premiums earned	$	55,854		$	52,118		$	107,602	$	101,521
Commission and fee income		10,051			9,162			19,226		17,759
Investment income		1,257			1,268			2,794		2,544
Net realized gains (losses) on investments, available-for-sale (includes $(42), $(55), $40 and $(42), respectively, of accumulated other comprehensive income (loss) reclassification for unrealized gains (losses))		(42	)		(55	)		40		(42	)
		67,120			62,493			129,662		121,782
Costs and expenses:
Losses and loss adjustment expenses		41,066			39,087			77,883		72,592
Insurance operating expenses		21,162			19,909			45,191		42,249
Other operating expenses		245			223			478		452
Stock-based compensation		66			56			112		140
Depreciation and amortization		437			537			880		1,108
Interest expense		421			427			848		870
		63,397			60,239			125,392		117,411
Net income before income taxes		3,723			2,254			4,270		4,371
Provision for income taxes (includes $(15), $(19), $14 and $(15), respectively, of income tax expense from reclassifications items)		254			188			290		281
Net income	$	3,469		$	2,066		$	3,980	$	4,090
Net income per share:
Basic	$	0.08		$	0.05		$	0.10	$	0.10
Diluted	$	0.08		$	0.05		$	0.10	$	0.10
Number of shares used to calculate net income per share:
Basic		40,978			40,921			40,974		40,915
Diluted		41,274			40,948			41,278		40,942

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FIRST ACCEPTANCE CORPORATION AND SUBSIDIARIES

Consolidated Balance Sheets

(in thousands, except per share data)

	June 30,			December 31,
	2014			2013
	(Unaudited)
ASSETS
Investments, available-for-sale at fair value (amortized cost of $124,959 and $126,873, respectively)	$	131,284		$	130,248
Cash and cash equivalents		85,408			72,033
Premiums and fees receivable, net of allowance of $407 and $311		53,185			46,228
Limited partnership interests		9,053			7,513
Other assets		5,974			6,471
Property and equipment, net		3,121			3,512
Deferred acquisition costs		3,314			2,902
Identifiable intangible assets		4,800			4,800
TOTAL ASSETS	$	296,139		$	273,707
LIABILITIES AND STOCKHOLDERS’ EQUITY
Loss and loss adjustment expense reserves	$	88,797		$	84,286
Unearned premiums and fees		65,617			55,983
Debentures payable		40,321			40,301
Other liabilities		17,406			16,205
Total liabilities		212,141			196,775
Stockholders’ equity:
Preferred stock, $.01 par value, 10,000 shares authorized		—			—
Common stock, $.01 par value, 75,000 shares authorized; 401,000 and 40,983 shares issued and outstanding, respectively		410			410
Additional paid-in capital		457,129			456,993
Accumulated other comprehensive income		6,325			3,375
Accumulated deficit		(379,866	)		(383,846	)
Total stockholders’ equity		83,998			76,932
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	296,139		$	273,707

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FIRST ACCEPTANCE CORPORATION AND SUBSIDIARIES

Supplemental Data

(Unaudited)

PREMIUMS EARNED BY STATE

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Gross premiums earned:
Georgia	$	10,322		$	9,887		$	19,902		$	19,538
Florida		8,657			8,092			16,620			15,713
Texas		7,169			6,168			13,638			11,990
Ohio		5,757			4,684			10,906			9,044
Alabama		5,604			5,523			10,857			10,571
Illinois		5,092			5,327			9,821			10,644
South Carolina		4,235			4,036			8,242			7,694
Tennessee		3,208			3,182			6,394			6,222
Pennsylvania		2,257			2,228			4,403			4,372
Indiana		1,562			1,355			2,994			2,599
Missouri		1,275			982			2,413			1,870
Mississippi		789			703			1,539			1,361
Total gross premiums earned		55,927			52,167			107,729			101,618
Premiums ceded to reinsurer		(73	)		(49	)		(127	)		(97	)
Total net premiums earned	$	55,854		$	52,118		$	107,602		$	101,521

COMBINED RATIOS (INSURANCE OPERATIONS)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Loss		73.5	%		75.0	%		72.4	%		71.5	%
Expense		20.7	%		21.7	%		24.9	%		25.2	%
Combined		94.2	%		96.7	%		97.3	%		96.7	%

POLICIES IN FORCE (FAC ONLY)

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014		2013
Policies in force – beginning of period		168,607			169,424			143,077		145,938
Net change during period		(9,314	)		(15,829	)		16,216		7,657
Policies in force – end of period		159,293			153,595			159,293		153,595

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FIRST ACCEPTANCE CORPORATION AND SUBSIDIARIES

Supplemental Data (continued)

(Unaudited)

NUMBER OF RETAIL LOCATIONS

Retail location counts are based upon the date that a location commenced or ceased writing business.

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2014			2013			2014			2013
Retail locations – beginning of period		355			367			360			369
Opened		—			—			—			—
Closed		(2	)		(1	)		(7	)		(3	)
Retail locations – end of period		353			366			353			366

RETAIL LOCATIONS BY STATE

	June 30,				March 31,				December 31,
	2014		2013		2014		2013		2013		2012
Alabama		24		24		24		24		24		24
Florida		30		30		30		30		30		30
Georgia		60		60		60		60		60		60
Illinois		60		62		61		62		61		63
Indiana		17		17		17		17		17		17
Mississippi		7		7		7		7		7		7
Missouri		10		11		11		11		11		11
Ohio		27		27		27		27		27		27
Pennsylvania		16		16		16		16		16		16
South Carolina		25		26		25		26		25		26
Tennessee		19		19		19		19		19		19
Texas		58		67		58		68		63		69
Total		353		366		355		367		360		369

SOURCE: First Acceptance Corporation

INVESTOR RELATIONS CONTACT:

Michael J. Bodayle

615.844.2885

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