First Acceptance Corporation reported consolidated earnings results for the quarter ended March 31, 2018. Income before income taxes, for the three months ended March 31, 2018 was $7.2 million, compared with income before income taxes of $1.6 million for the three months ended March 31, 2017. Net income for the three months ended March 31, 2018 was $5.4 million, compared with net income of $0.7 million for the three months ended March 31, 2017. Basic and diluted net income per share were $0.13 for the three months ended March 31, 2018, compared with a basic and diluted net income per share of $0.02 for the same period in the prior year. Net income for the three months ended March 18, 2018 reflects the lowering of the federal corporate tax rate to 21% from 35% in the prior year as a result of the recent tax legislation. Revenue was $82,707,000 as compared to $88,069,000 for the same period last year.