1017907--9/13/2006--FIRST_ACCEPTANCE_CORP

related topics

{condition, economic, financial}

{regulation, change, law}

{acquisition, growth, future}

{cost, operation, labor}

{provision, law, control}

{financial, litigation, operation}

{loss, insurance, financial}

{competitive, industry, competition}

{system, service, information}

{operation, natural, condition}

{debt, indebtedness, cash}

{loan, real, estate}

{stock, price, operating}

Our losses and loss adjustment expenses may exceed our reserves, which would adversely impact our results of operations and financial condition The loss of our President and Chief Executive Officer, Stephen J. Harrison, could negatively affect our ability to conduct our business efficiently and could lead to loss of customers Our business is highly competitive, which may make it difficult for us to market our core products effectively and profitably Our business may be adversely affected by negative developments in the states in which we operate Our business may be adversely affected by negative developments in the non-standard personal automobile insurance industry Our results may fluctuate as a result of cyclical changes in the personal automobile insurance industry. Our investment portfolio may suffer reduced returns or losses, which could reduce our profitability. We rely on our information technology and communication systems, and the failure of these systems could materially and adversely affect our business. We may have difficulties in managing our expansion into new markets We may not be successful in identifying agency acquisition candidates or integrating their operations, which could harm our financial results Our insurance company subsidiaries are subject to statutory capital and surplus requirements and other standards, and their failure to meet these requirements or standards could subject them to regulatory actions New pricing, claim and coverage issues and class action litigation are continually emerging in the automobile insurance industry, and these new issues could adversely impact our revenues or our methods of doing business Due to our largely fixed cost structure, our profitability may decline if our sales volume were to decline significantly Severe weather conditions and other catastrophes may result in an increase in the number and amount of claims filed against us A few of our stockholders have significant control over us, and their interests may differ from yours Our insurance company subsidiaries are subject to regulatory restrictions on paying dividends to us We and our subsidiaries are subject to comprehensive regulation and supervision that may restrict our ability to earn profits. Provisions in our certificate of incorporation and bylaws may prevent a takeover or a change in management that you may deem favorable.

Full 10-K form ▸

1017907--9/13/2006--FIRST_ACCEPTANCE_CORP_/DE/