U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING SEC FILE NUMBER
0-29042
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(Check One):
[ X ] Form 10-K and Form 10-KSB [ ] Form 20-F
[ ] Form 11-K
[ ] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: December 31, 2002
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[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
Read Attached Instruction Sheet Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify
the Item(s) to which the notification relates:
Part I-Registrant Information
Full Name of Registrant
Symons International Group, Inc.
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Former Name if Applicable
None
Address of Principal Executive Office (Street and Number)
4720 Kingsway Drive
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City, State and Zip Code
Indianapolis, Indiana 46205
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Part II-Rules 12b-25 (b) and (c)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b) [&23,047], the
following should be completed. (Check box if appropriate)
[X] (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[X] (b) The subject annual report, semi-annual report, transition report on Form
10-K, Form 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or
before the fifteenth calendar day following the prescribed due date; or the
subject quarterly report or transition report on Form 10-Q, or portion thereof
will be filed on or before the fifth calendar day following the prescribed due
date; and [Amended in Release No. 34-26589 (&72,435), effective April 12, 1989,
54 F.R. 10306.]
[X] (c) The accountant's statement or other exhibit required by Rule 12b-25(c)
has been attached if applicable.
Part III-Narrative
State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed period. [Amended in Release No.
34-26589 (&72,439), effective August 13, 1992, 57 F.R. 36442.]
(Attach Extra Sheets if Needed)
The Registrant has not completed its consolidated financial statements for the
year ended December 31, 2002. The Registrant is finalizing the presentation of
the financial statement, the notes to the financial statements and the
Management's Discussion and Analysis of Financial Condition and Results of
Operations. For this reason, the Registrant does not believe that it is possible
or appropriate to file any portion of the Annual Report on Form 10-K at this
time. The Registrant intends to file its Form 10-K prior to April 15, 2003.
Part IV-Other Information
(1) Name and telephone number of person to contact in regard to this
notification
Douglas H. Symons 317 259-6413
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under section 13 or 15(d) of the
Securities Exchange Act of 1934 or section 30 of the Investment Company Act of
1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
[ X ] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
[ X ] Yes [ ] No
If so: attach an explanation of the anticipated change, both narratively and
quantitatively, and if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
The Registrant expects to report a net loss of approximately $29.5 million for
2002 as compared to the net loss of $32.9 million reported for 2001. The 2002
improvement of $3.4 million is primarily due to the Company exiting certain
highly competitive markets and instituting other underwriting initiatives
intended to increase profitability. These initiatives among others had the
effect of reducing gross premiums written and improving the loss ratio on
business written.
SYMONS INTERNATIONAL GROUP, INC.
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(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date March 28, 2003 By:
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Douglas H. Symons,
Chief Executive Officer
INSTRUCTION: The form may be signed by an executive officer of the registrant or
by any other duly authorized representative. The name and title of the person
signing the form shall be typed or printed beneath the signature. If the
statement is signed on behalf of the registrant by an authorized representative
(other than an executive officer), evidence of the representative's authority to
sign on behalf of the registrant shall be filed with the form.