MGA Annual Statement – 2012

2012, 12-31 Other MGA Annual Statement – 2012 Download

Read More...

GAINSCO Announces Special Cash Dividend

DALLAS, Texas, December 7, 2012 – GAINSCO, INC. (the “Company”) (Pink Sheets: GANS) today announced that its board of directors approved a special cash dividend of $1 per share. The special dividend will be payable on December 27, 2012 to shareholders of record on December 18, 2012. The Company believes that, at its current size,…

Read More...

A.M. Best Revises Outlook to “Positive” for GAINSCO Insurance Subsidiary

DALLAS, Texas, May 2, 2012 – GAINSCO, INC. (“GAINSCO” or the “Company”) (Pink Sheets: GANS) today announced that AM. Best, the insurance industry’s principal rating agency, revised its official outlook of GAINSCO’s principal insurance subsidiary, MGA Insurance Company, Inc., to “positive” from “stable.” The new outlook reflects the Company’s continuing improvements in profitable operating results…

Read More...

GAINSCO Announces Special Cash Dividend, Amended Credit Agreement and Racing Sponsorship

DALLAS, Texas, December 9, 2011 – GAINSCO, INC. (the “Company”) (Pink Sheets: GANS) today announced that its board of directors approved a special cash dividend of $2 per share. The special dividend will be payable on December 29, 2011 to shareholders of record on December 20, 2011. The Company believes that, at its current size,…

Read More...

GAINSCO’s Insurance Subsidiary Upgraded to B+ by A.M. Best

DALLAS, Texas, February 7, 2011 – GAINSCO, INC. today announced that A.M. Best, the principal rating agency of the insurance industry, upgraded the financial strength rating (FSR) of GAINSCO, Inc.’s principal insurance subsidiary, MGA Insurance Company, Inc., to B+ (Good) from B (Fair). The issuer credit rating (ICR) of the insurance company was also upgraded…

Read More...

GAINSCO, Inc. to Deregister its Common Stock

DALLAS, Texas, January 7, 2011 – GAINSCO, INC. (NYSE Amex: GAN) today announced its Board of Directors approved the voluntary suspension of its duty to file reports with the Securities and Exchange Commission (the “SEC”) and the voluntary deregistration of its common stock. These actions will result in the Company’s common shares no longer being…

Read More...