786344--3/31/2006--GAINSCO

related topics

{financial, litigation, operation}

{personnel, key, retain}

{capital, credit, financial}

{competitive, industry, competition}

{loss, insurance, financial}

{tax, income, asset}

{acquisition, growth, future}

Failure to implement our business strategy could adversely affect our operations. Insurance agents improper use of authority may materially affect our business. Our industry is highly competitive with cyclical periods of intense price competition, which could adversely affect our results of operations. Litigation may adversely affect our financial condition, results of operations and cash flows. The insurance and related businesses in which we operate may be subject to periodic negative publicity, which may negatively impact our financial condition. Estimating reserves accurately is an inherently uncertain process, and if our loss reserves are not adequate, it will have an unfavorable impact on our results. A downgrade in our financial strength ratings may negatively affect our business. Our success depends on retaining our current key personnel and attracting additional personnel We cannot be certain that the net operating loss tax carryforwards will continue to be available to offset our tax liability.

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786344--3/31/2006--GAINSCO_INC