| Business Summary | | Goran
Capital
Inc.
is
a
holding
company
principally
engaged
in
the
business
of
underwriting
property
and
casualty
insurance
through
its
insurance
subsidiaries,
Pafco
General
Insurance
Company,
Superior
Insurance
Company
and
IGF
Insurance
Company.
Goran
owns
approximately
73.0%
of
a
United
States
holding
company,
Symons
International
Group,
Inc.
(SIG).
SIG
owns
IGF
Holdings,
Inc.,
Superior
Insurance
Group
Management,
Inc.
and
Superior
Insurance
Group,
Inc.,
which
are
the
holding
and
management
companies
for
the
insurance
subsidiaries.
The
operations
of
SIG
account
for
94%
of
Goran's
consolidated
revenues.
Goran's
other
subsidiaries
include
Granite
Reinsurance
Company
Ltd.,
Granite
Insurance
Company,
a
Canadian
federally
licensed
insurance
company
and
Symons
International
Group,
Inc.
-
Florida,
a
surplus
lines
underwriter
located
in
Florida. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Goran
Capital
is
a
Canadian
holding
company
engaged,
through
its
subsidiaries,
in
the
underwriting
of
property
and
casualty
insurance.
The
Company
also
offers
specialized
reinsurance.
For
the
six
months
ended
6/30/01,
revenues
fell
43%
to
$54.4
million.
Net
loss
from
continuing
operations
applicable
to
Common
fell
15%
to
$13.5
million.
Results
reflect
a
decrease
in
policies
in
force
due
to
a
competitive
market,
offset
by
lower
policy
acquisition
and
operating
costs. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| G. Gordon Symons Chairman | $404K | Alan Symons Pres,
CEO, Director | 402K | Dennis Daggett, 46 CEO
of IGF Insurance Company | 193K | Douglas Symons COO,
Sr. VP, Sec., Director | 421K | Gene Yerant Exec. VP | 772K | Dollar
amounts are as of 31-Dec-2000 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
|
|