| | Business Summary | | Symons
International
Group,
Inc.
owns
insurance
companies
that
underwrite
and
market
non-standard
private
passenger
automobile
insurance.
Non-standard
insureds
are
those
individuals
who
are
unable
to
obtain
insurance
coverage
through
standard
market
carriers
due
to
factors
such
as
poor
premium
payment
history,
driving
experience
or
violations,
particular
occupation
or
type
of
vehicle.
The
Company
is
pursuing
the
sale
of
its
crop
insurance
operations,
and
expects
to
complete
the
sale
during
the
second
quarter
of
2001.
The
Company's
principal
insurance
company
subsidiaries
are
Pafco
General
Insurance
Company
(Pafco),
Superior
Insurance
Company
(Superior)
and
IGF
Insurance
Company
(IGF).
Pafco,
IGF,
Superior
and
Superior's
subsidiaries
are
engaged
in
the
writing
of
insurance
coverage
for
automobile
physical
damage
and
liability
policies.
The
Company
offers
several
different
policies
that
are
directed
towards
different
classes
of
risk
within
the
non-standard
market. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | SIGC
owns
insurance
companies
that
underwrite
and
market
non-standard
private
passenger
automobile
insurance.
For
the
three
months
ended
3/01,
revenues
fell
55%
to
$22.5
million.
Net
loss
applicable
to
Com.
from
continuing
operations
rose
less
than
1%
to
$9.4
million.
Results
reflect
decreased
gross
premiums
written
for
the
non-standard
automobile
segment
due
to
downsizing
and
slow
growth
of
new
business,
partially
offset
by
lower
policy
acquisition
and
S/G/A
costs. | | More
from
Market Guide: Significant
Developments |
| | | | FY1998 Pay | |
| G. Symons, 77
Chairman | $32K | Douglas Symons, 46
Pres,
CEO, Chief Operating Officer | 300K | Gene Yerant
Exec. VP, Director | -- | Gary Hutchcraft, 37
VP,
CFO and Treasurer | -- | James Lund, 48
VP
and CAO | -- | | Dollar amounts are as of 31-Dec-1998 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/s/sigc.ob.gif)