Acceptance Insurance Companies Inc. is an agricultural risk management company providing insurance products (Agricultural Segment), and a provider of property and casualty insurance (Property and Casualty Segment). Due to its financial condition and regulatory restrictions placed on it in the fourth quarter of 2002, the Company neither intends nor has the ability to continue its operations in the Agricultural Segment or the Property and Casualty Segment. As such, all operations in the segments have been discontinued. The Companys business strategy is to minimize payments of losses and loss-adjustment expenses; effectively manage the collection of reinsurance balances; maintain adequate liquidity to meet cash needs; reduce expenses required to manage the run-off of the Property and Casualty Segment operations, and preserve and, if possible, enhance its assets.