Exhibit 21.1

FIRST ACCEPTANCE CORPORATION 10-K

FIRST ACCEPTANCE CORPORATION AND SUBSIDIARIES

SCHEDULE I. FINANCIAL INFORMATION OF REGISTRANT (PARENT COMPANY)

(in thousands)

	December 31,
	2013		2012
Balance Sheets
Assets:
Investment in subsidiaries, at equity in net assets	$	108,356	$	108,663
Cash and cash equivalents		8,578		3,344
Other assets		2,262		2,361
	$	119,196	$	114,368
Liabilities:
Debentures payable	$	40,301	$	40,261
Other liabilities		1,963		1,315
Stockholders’ equity		76,932		72,792
	$	119,196	$	114,368

	Year Ended December 31,						Six Months Ended December 31,			Year Ended June 30,
	2013			2012			2011			2011
Statements of Operations
Investment income	$	52		$	93		$	65		$	116
Equity in income (loss) of subsidiaries, net of tax		11,657			(6,830	)		(27,074	)		(49,926	)
Expenses		(2,529	)		(2,303	)		(2,428	)		(6,005	)
Income (loss) before income taxes		9,180			(9,040	)		(29,437	)		(55,815	)
Provision (benefit) for income taxes		—			—			—			965
Net income (loss)	$	9,180		$	(9,040	)	$	(29,437	)	$	(56,780	)
	Year Ended December 31,						Six Months Ended December 31,			Year Ended June 30,
	2013			2012			2011			2011
Statements of Cash Flows
Cash flows from operating activities:
Net income (loss)	$	9,180		$	(9,040	)	$	(29,437	)	$	(56,780	)
Equity in loss (income) of subsidiaries, net of tax		(11,657	)		6,830			27,074			49,926
Stock-based compensation		243			604			171			998
Deferred income taxes		(2	)		1			2			(98	)
Other		(4	)		(6	)		8			(108	)
Change in assets and liabilities		790			792			(764	)		1,069
Net cash used in operating activities		(1,450	)		(819	)		(2,946	)		(4,993	)
Cash flows from investing activities:
Dividends from subsidiary		6,635			5,150			10,684			7,079
Maturities of investments, available for sale		—			3,518			—			—
Improvements to foreclosed real estate		(2	)		(2	)		(2	)		(2	)
Investment in subsidiary		—			(13,000	)		—			—
Net cash provided by (used in) investing activities		6,633			(4,334	)		10,682			7,077
Cash flows from financing activities:
Purchases of treasury stock		—			—			(10,988	)		—
Net proceeds from issuance of common stock		51			52			23			56
Net cash provided by (used in) financing activities		51			52			(10,965	)		56
Net change in cash and cash equivalents		5,234			(5,101	)		(3,229	)		2,140
Cash and cash equivalents, beginning of period		3,344			8,445			11,674			9,534
Cash and cash equivalents, end of period	$	8,578		$	3,344		$	8,445		$	11,674