Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. senior Avg
|
New words:
brought, furnishing, HQ, law, principle, ran, reach, reached, settle, stipulation, violation, wrongdoing
Removed:
deconsolidation
Financial report summary
?Risks
- Risks Relating to Our Ability to Meet Our Future Financial Obligations.
- We have debt outstanding that could adversely affect our financial flexibility and subjects us to restrictions and limitations that could significantly impact our ability to operate our business.
- An economic downturn, as well as unstable economic conditions in the states in which we operate, could adversely affect our results of operations and financial condition.
- Difficult conditions in the economy generally may materially and adversely affect our business, results of operations and statement of financial position, and these conditions may not improve in the near future.
- The ongoing COVID-19 pandemic has and could continue to adversely affect our business, results of operations and financial condition.
- Volatility or declines in premiums or other adverse trends in the insurance industry, particularly the commercial automobile insurance industry, may seriously undermine our profitability.
- The highly competitive environment in which we operate could have an adverse effect on our business, results of operations and financial condition.
- Changes in the nature of the markets we serve could impact the size of our market and/or the market share available to us.
- Our ability to generate written premiums is impacted by seasonality, which may cause fluctuations in our operating results and to our stock price.
- Our ability to maintain programs with risk-taking partners may depend on the availability and cost of reinsurance coverage.
- Our geographic concentration ties our performance to the business, economic, regulatory and other conditions of certain states.
- The level of revenue generated by our business impacts profitability, especially in the near-term. We may experience difficulty in managing historic and future growth, which could adversely affect our results of operations and financial condition.
- Provisions in our organizational documents and corporate laws could impede an attempt to replace or remove management or directors or prevent or delay a merger or sale, which could diminish the value of our shares.
- If we are not able to attract and retain independent agents and brokers, our revenues could be negatively affected.
- We rely on independent agents and other producers to submit insurance applications into our systems and to collect premiums from our policyholders, which exposes us to risks that our producers fail to meet their obligations to us.
- If we are unable to apply technology effectively in driving value for our clients through technology-based solutions or gain internal efficiencies and effective internal controls through the application of technology and related tools, our operating results, client relationships, growth and compliance programs could be adversely affected.
- The occurrence of widespread health emergencies could have a material adverse effect on our business and results of operations.
- Failure to maintain the security of personal data and the availability of critical systems may result in lost business, reputational damage, legal costs and regulatory fines.
- Changes in data privacy and protection laws and regulations, or any failure to comply with such laws and regulations, could adversely affect our business and financial results.
- If the Company were not to be treated as a U.S. corporation for U.S. federal income tax purposes, certain tax inefficiencies would result and certain adverse tax rules would apply.
- Our use of losses may be subject to limitations, and the tax liability of the Company may be increased.
- NOLs and other carryforwards generated in 2018 through 2021 could be limited by IRC Section 382.
- We are subject to a number of contingencies and legal proceedings which, if determined unfavorably to us, would adversely affect our financial results.
- Changes in our accounting estimates and assumptions could negatively affect our financial position and operating results.
- The delisting of our common stock could continue to materially and adversely affect our stock price, financial condition and/or results of operations.
- The price of our common stock may fluctuate significantly, and this may make it difficult for you to resell shares of common stock owned by you at times or at prices you find attractive.
- We may not have access to capital or risk-taking partners in the future.
- The limited public float and trading volume for our shares may have an adverse impact on the share price or make it difficult to liquidate.
- We do not anticipate paying any cash dividends on our common stock for the foreseeable future.