Printer Friendly

GAINSCO RECORDS HIGHEST PREMIUM RECEIVED MONTH IN COMPANY'S HISTORY

 FORT WORTH, Texas, July 7 /PRNewswire/ -- GAINSCO, Inc. (AMEX: GNA) announced today that premiums received for June, 1993, were $8,249,000 representing the highest monthly total for premiums received in the company's history. Joseph D. Macchia, chairman of the board, president and chief executive officer of GAINSCO, Inc., commented, "This compares very favorably to last June when $7,490,000 was received and is just one more significant leading indicator of why the company remains comfortable with its $95-105 million gross premium written goal for 1993. The significance of this achievement is that it gives witness to the company's belief that flat premium writings are at an end and the top line is on the grow."
 GAINSCO, Inc. is a vertically integrated property and casualty insurance holding company specializing in underwriting and marketing excess and surplus lines. Its insurance companies are General Agents Insurance Company of America Inc., MGA Insurance Company, Inc., and GAINSCO County Mutual Insurance Company, The insurance service subsidiaries include General Agents Premium Finance Company, which offers premium financing programs for general agents in connection with their marketing activities; Agents Processing Systems, Inc., which markets a computer software policy management system to general agents; and Risk Retention Administrators, Inc., which assists managing general agents in forming and operating risk retention groups.
 -0- 7/7/93
 /CONTACT: Joseph D. Macchia, president of GAINSCO, Inc., 817-336-2500, or Lynn Morgen or Michele Katz, both of Morgen-Walke Associates, Inc., 212-850-5600, for GAINSCO, Inc./
 (GNA)


CO: GAINSCO, Inc. ST: Texas IN: INS SU:

TM -- NY004 -- 8919 07/07/93 08:30 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 7, 1993
Words:261
Previous Article:LESLIE'S POOLMART ANNOUNCES JUNE SALES RESULTS
Next Article:EMERGENCY PHYSICIANS CHOOSE LIFE ON MEDICINE'S FRONTLINES
Topics:


Related Articles
GAINSCO REINSTITUTES SEMI-ANNUAL 5 PERCENT STOCK DIVIDEND POLICY AND DECLARES REGULAR QUARTERLY CASH DIVIDEND
GAINSCO'S JOE MACCHIA NAMED ENTREPRENEUR OF THE YEAR FOR SOUTHWEST REGION
GAINSCO COUNTY MUTUAL INSURANCE COMPANY RECEIVES "A" RATING
GAINSCO REPORTS 8 PERCENT INCREASE IN EARNINGS
GAINSCO Reports $.15 First Quarter EPS and Strong March and April Premium Performance
GAINSCO, INC. Declares Regular Quarterly Cash Dividend
GAINSCO Reports $.21 Second Quarter EPS, Matching 1996 Second Quarter Record EPS
GAINSCO Reports $.07 Third Quarter EPS After One Time Claim Reserve Adjustment For Already Canceled Kentucky Coal Truck Program
GAINSCO Approved to Double CAIP Servicing in California
GAINSCO, INC. Declares Regular Quarterly Cash Dividend

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters