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Home > Company Index > Insurance > Multiline Insurance > Fortune Financial, Inc.

Fortune Financial, Inc.
Nasdaq: FORU
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 PROFILE
Fortune Financial (formerly Mobile America) is suffering from unfortunate financials. The company's main subsidiary, Fortune Insurance, has stopped writing new and renewal insurance and is in run-off. Fortune Financial is hoping to rehabilitate (all existing policies remain intact) and resume its operations through one of its other businesses. Other subsidiaries include Mobile America Insurance Group (minimum-coverage auto insurance), Pegasus Insurance (homeowners' insurance), and Fortune Premium Finance (policy premium financing). Fortune Insurance provided minimum-coverage auto insurance in Florida.

 COMPETITION
The Progressive Corporation (PGR)
Safeway Insurance Company (dossier)
Symons International Group, Inc. (SIGC)

 STOCK ANALYSIS
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FURTHER ANALYSIS
• Advanced Charting
• Deals

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 38.10
1-Yr. Sales Growth: (21.1)%
Employees: 179
Revenue per employee: $212,849.16

 KEY PEOPLE
• J. John Wortman
    CEO
• Mark P. Brockelman
    CFO

 CONTACT INFO
10475 Fortune Pkwy., Ste. 110
Jacksonville, FL 32256
US
Phone: 904-363-6339
Fax: 904-363-8209
Online: Web Site

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