GAINSCO, INC.

Dallas, TX United States

  (NYSE Amex: GAN)

Company Description

Although at times it might be more appropriate, you wouldn't call an insurance company LOSSCO, would you? Through its MGA Insurance subsidiary, GAINSCO sells personal nonstandard auto insurance. The company does a majority of its business in Florida but has laid the groundwork for sales growth in Arizona, California, Georgia, Nevada, New Mexico, South Carolina, and Texas. Its products are sold through some 4,800 independent agencies. GAINSCO aims its marketing efforts at Hispanics, its core customer market, and most of the company's customer service staff is bilingual. A handful of GAINSCO executives and directors collectively own more than 70% of the company.