1145 consolidate debt consolidating credit 1650

We believe that these factors include, but are not limited to, the risks and uncertainties set forth under “Part I—Item 1A.

By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future.

Accordingly, there are or will be important factors that could cause our actual results to differ materially from those indicated in these statements.

Market and Industry Data Within this Annual Report on Form 10-K, we reference industry and market data derived from internal analyses based upon publicly available data or other proprietary research and analysis, surveys or studies conducted by third parties and industry and general publications, including those by the National Council on Compensation Insurance (“NCCI”) and SNL Financial.

While we believe our internal analyses are reliable, they have not been verified by any independent sources.

The number of shares of the registrant’s common stock outstanding on March 14, 2016 was 27,176,441.

Forward-Looking Statements This Annual Report on Form 10-K includes statements that express our opinions, expectations, beliefs, plans, objectives, strategies, assumptions, future revenues or performance, financing needs, business trends or projections regarding future events or future results and therefore are, or may be deemed to be, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.Mariano equal to 60% of the shares to be issued in connection with the exercise of the Old Warrants;references to “combined ratio” refer to the combined ratio comprised of (1) the ratio calculated by dividing net incurred losses plus loss adjustment expenses by net earned premiums and (2) the ratio calculated by dividing net operating expenses by net written premiums.The combined ratio is a measure of the profitability of an insurance company, and a combined ratio below 100 percent is indicative of an underwriting profit; references to the “Global HR Acquisition” refer to our acquisition, effective August 21, 2015, of Global HR Research LLC as described in “Business—Our History and Organization” and “Selected Financial Data;”references to “Guarantee Insurance” refer to Guarantee Insurance Company, and references to “Guarantee Insurance Group” refer to Guarantee Insurance Group, Inc.Yes Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company.Any such data involves risks and uncertainties and is subject to change based on various factors, including those discussed under “Risk Factors,” “Forward-Looking Statements” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this Annual Report on Form 10-K. Business Our Company We are an independent national provider of comprehensive technology-enabled insurance and employer solutions.