felanders/preprocessed huggingface dataset:
The Company's headquarters are located at 440 Lincoln Street, Worcester, Massachusetts and consist primarily of approximately 727,000 square feet of office and conference space owned in fee and include the headquarters of Hanover.
Citizens Insurance owns its home office, located at 645 W. Grand River, Howell, Michigan, which is approximately 119,000 square feet. Citizens also owns a three-building complex located at 808 North Highlander Way, Howell, Michigan, with 155,000 square feet, where various business operations are conducted.
Reference is made to the "Five Year Summary of Selected Financial Highlights" on page 31 of the 1996 Annual Report to Shareholders, which is incorporated herein by reference.
Reference is made to the Consolidated Financial Statements on pages 51-54 and the accompanying Notes to Consolidated Financial Statements on pages 55-76 of the 1996 Annual Report to Shareholders which meet the requirements of Regulation S-X, and which include a summary of quarterly results of consolidated operations (see Note 22 of Notes to Consolidated Financial Statements--page 76), which is incorporated herein by reference.
The Company owns its principal executive office, which is located in the Humana Building, 500 West Main Street, Louisville, Kentucky, 40202.
The Company provides medical services in owned or leased medical centers ranging in size from approximately 1,500 to 80,000 square feet. The Company's administrative market offices are generally leased, with square footage ranging from approximately 700 to 89,000. The following chart lists the location of properties used in the operation of the Company at December 31, 1996:
In addition, the Company owns buildings in Louisville, Kentucky, San Antonio, Texas, and Green Bay, Wisconsin, and leases facilities in Jacksonville, Florida, and Madison, Wisconsin, all of which are used for customer service and claims processing. The Louisville and Green Bay facilities also perform enrollment processing and other corporate functions.
The Company also owns a hospital and medical office building in Lexington, Kentucky.
The Company's operating facilities are held through leaseholds. At December 31, 1994, the Company or its HMOs leased approximately 226,000 square feet at 24 locations with an aggregate current monthly rental of approximately $210,000. These leases have remaining terms of up to seven years.
In June 1994, the Company entered into a lease for new corporate office space in Los Angeles. The lease commenced in June 1994 and is for a term of seventy-two (72) months. The lease is for approximately 83,000 square feet with a monthly base rental expense of approximately $72,600 excluding the Company's percentage share of all increases in the landlord's operating cost of the building.
At December 31, 1994, the Company leased other properties including administrative locations, 3 pharmacies, and other miscellaneous facilities. The Company has subleased approximately 16,000 square feet to contracting medical groups, with current monthly rentals totaling $23,678 and monthly subrental revenue of $23,632.
We own 40 buildings and lease another 13 to provide concierge-level claims service at various locations throughout the United States. In addition, our facility in Tempe, Arizona is also partially used as a claims service center. In total, these additional buildings contain approximately 0.8 million square feet.
American General's subsidiaries also own various other properties, including properties held for investment, branch office buildings, and the home office buildings of: (1) American General Finance, Inc. in Evansville, Indiana; (2) American General Life and Accident Insurance Company in Nashville, Tennessee; (3) Franklin Life in Springfield, Illinois; and (4) The Old Line Life Insurance Company of America in Milwaukee, Wisconsin.
Management's Discussion and Analysis of Financial Condition and Results of Operations is incorporated herein by reference to "Management's Discussion and Analysis" on pages 21-31 in American General's 1997 ARS.
Financial statements and supplementary data are incorporated herein by reference to pages 32-52 in American General's 1997 ARS.
American Southern leases space for its offices in a building located in Atlanta, Georgia. The lease term expires January 31, 2000. Under the terms of the lease, American Southern occupies approximately 13,700 square feet.
Selected financial data of Atlantic American Corporation and subsidiaries for the five year period December 31, 1998 is set forth on page 1 of the 1998 Annual Report to Shareholders and is incorporated herein by reference.
The Company follows the customary practice of reinsuring with other companies, i.e., ceding a portion of its exposure on the policies it has written. This pro- gram of reinsurance permits the Company greater diversification of business and the ability to write larger policies while limiting the extent of its maximum net loss. It provides protection for the Company against unusually serious occurrences in which a number of claims could produce a large aggregate loss. Management continually monitors the Company's reinsurance program to obtain pro- tection that should be adequate to ensure the availability of funds for losses while maintaining future growth.
Over the past three years the Company has incurred approximately $2.3 million of expenses in updating its mangement system to alleviate potential year 2000 problems. This process is substantially completed, with only final testing and minor adjustments remaining. The additional expense for the testing and ad- justments is expected to be less than $100,000. As a result of these efforts, the Company is confident that the year 2000 will not cause a significant dis- ruption to its business.
The Company has also assessed the potential impact of year 200 related problems that may be encountered by our agents and third parties, and determined that any impact would not be material relative to the operations of the Company. However, there can be no guarantee that actual results would not differ materially from those anticipated; therefore, the Company has developed a con- tingency plan in the event of a worst-case scenario.
The Company's principal executive offices are located in Columbus, Ohio. The Company leases its home office complex, consisting of approximately 544,000 square feet, from Nationwide Mutual Insurance Company (NMIC) and its subsidiaries at One Nationwide Plaza, Two Nationwide Plaza and Three Nationwide Plaza, Columbus, Ohio. The Company believes that its present facilities are adequate for the anticipated needs of the Company.
Information required by this item is set forth on pages 21 through 41 of the Company's 1999 Annual Report to Shareholders, and is incorporated herein by reference.
Information required by this item is set forth on pages 44 through 71 of the Company's 1999 Annual Report to Shareholders, and is incorporated herein by reference. Reference is made to the index to consolidated financial statements included in Item 14.
Financial statement schedules are included on pages 25 through 32 herein. Reference is made to the index to financial statement schedules included on page 20 herein.
The consolidated financial statements of the Company and related notes are set forth on pages 10 to 25 of the 1999 Annual Report to Shareholders and are incorporated herein by reference.
Except as mentioned below, the Company leases its Headquarters' office in Richmond, Virginia and its Agencies' offices in various states. Information on the Company's lease commitments is incorporated herein by reference to "Note H-Leases" of the Notes to Consolidated Financial Statements in the Company's 2001 Annual Report to Shareholders.
At December 31, 2001, the Company owned buildings in Oklahoma City, Oklahoma and Auburn, Maine. Subsequent to year end, the Oklahoma City, Oklahoma building was sold.
All other operations lease the office space that they need in various locations throughout the country.
Refer to the Management’s Discussion and Analysis of Financial Condition and Results of Operations on pages 2 through 21 of the 2004 Financial Report to Shareholders, attached as Exhibit 13. Certain accounting policies are viewed by Management to be “critical accounting policies.” These policies relate to unpaid loss and settlement expenses, investment valuation, recoverability of reinsurance balances and deferred policy acquisition costs. A detailed discussion of these critical accounting policies can be found on pages 3 through 6 of the 2004 Financial Report to Shareholders, attached as Exhibit 13.
Refer to the consolidated financial statements and supplementary data included on pages 22 through 49 of the 2004 Financial Report to Shareholders, attached as Exhibit 13. (See Index to Financial Statements and Schedules attached on page 29.)
PMI currently leases its home office in San Francisco, California, which contains approximately 100,000 square feet of space. The lease expires in 2004. In December 2000, PMI entered into a contract to purchase a seven-story office building site in Walnut Creek to serve as its world headquarters. Construction is underway on the office building and completion of the approximately 195,000 square foot building is scheduled to occur at the end of 2001. PMI also leases space for its 27 field and satellite offices throughout the United States comprising approximately 97,500 square feet with lease terms of no more than five years. During 2000, PMI transferred its operation data center to Rancho Cordova, California, which consists of approximately 15,000 square feet of office space. PMI believes its existing properties are well utilized and are suitable and adequate for its operations.
The information required by this Item is incorporated by reference from portions of The PMI Group, Inc. 2000 Annual Report to Stockholders as part of Exhibit 13.1.
The Company also owns seven other buildings in suburbs near the corporate office complexes, six buildings in Tampa, Florida, and a building in each of the following cities: Tempe, Arizona; Ft. Lauderdale, Florida; Albany, New York; Tigard, Oregon; Plymouth Meeting, Pennsylvania; and Austin, Texas. Three of these buildings are partially leased to non-affiliates. In total, these buildings contain approximately 1.6 million square feet of office, warehouse and training facility space and are owned by subsidiaries of the Company. These facilities are occupied by the Company’s business units or other operations and are not segregated by industry segment.
1All per share amounts were adjusted for the April 22, 2002, 3-for-1 stock split.
Incorporated by reference from Management’s Discussion and Analysis of Financial Condition and Results of Operations beginning on page App.-B-24 of the Annual Report, which is included as Exhibit 13 to this Form 10-K.
The Consolidated Financial Statements of the Company, along with the related notes, supplementary data and report of independent auditors, are incorporated by reference from the Annual Report, which is included as Exhibit 13 to this Form 10-K.
Selected Consolidated Financial Data is listed on page 20 of the Annual Report and is incorporated herein by reference thereto in response to this item. The selected financial data of the Company should be read in conjunction with the Consolidated Financial Statements of the Company and related Notes thereto contained in the Annual Report and incorporated herein by reference thereto.
The Consolidated Financial Statements of the Company are contained on pages 34 through 54 of the Annual Report and are incorporated herein by reference thereto in response to this item. Reference is made to Item 14(a) of this Report for the Schedules to the Consolidated Financial Statements.
We and our insurance subsidiaries share administrative headquarters with Donegal Mutual in a building in Marietta, Pennsylvania owned by Donegal Mutual. Donegal Mutual charges us and our insurance subsidiaries for an appropriate portion of the building expenses under an inter-company allocation agreement. The Marietta headquarters has approximately 230,000 square feet of office space. Southern owns a facility of approximately 10,000 square feet in Glen Allen, Virginia. Le Mars owns a facility of approximately 25,500 square feet in Le Mars, Iowa, the Peninsula Companies own a facility of approximately 14,600 square feet in Salisbury, Maryland and Sheboygan owns a facility of approximately 8,800 square feet in Sheboygan Falls, Wisconsin.
We incorporate the response to this Item by reference to pages 8 through 16 of our 2009 Annual Report.
We currently lease office space in Pembroke, Bermuda comprised of approximately 36,304 square feet under a ten year lease expiring August 1, 2013, with an option to extend to June 7, 2021.
The section of our 2004 Annual Report to Shareholders entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" is incorporated herein by reference and is filed as Exhibit 13.1 to this Form 10-K.
The Management's Discussion and Analysis of Financial Condition and Results of Operations are contained in the Registrant's 1996 Annual Report to Stockholders under the heading "Management's Discussion and Analysis," which is incorporated herein by reference.
We own 82 buildings located throughout the United States, including 51 Service Centers. These facilities, which contain approximately 4.4 million square feet of space, are not segregated by industry segment. In addition to our corporate headquarters and another office complex and call center in Mayfield Village, Ohio, we own significant locations in Colorado Springs, Colorado; Tampa, Florida; and Tempe, Arizona.
vicinity. In the regular conduct of business, Zenith Insurance leases offices in various cities. See Notes to Consolidated Financial Statements - Note 14 - "Commitments and Contingent Liabilities" in Zenith's 2002 Annual Report to Stockholders, which note is hereby incorporated by reference. Zenith considers its owned and leased facilities to be adequate for the needs of the organization.
The 5-Year Summary of Selected Financial Information, included in Zenith's 2002 Annual Report to Stockholders, is hereby incorporated by reference.
The Consolidated Financial Statements and Notes thereto included in Zenith's 2002 Annual Report to stockholders are hereby incorporated by reference.
AFLAC owns an 18-story office building, which serves as its worldwide headquarters, and a five-story administrative office building located on approximately 14 acres of land in Columbus, Georgia. We also own a six- story parking garage, two additional buildings located on the same property and additional administrative office buildings. An insurance subsidiary occupies leased office space in Albany, New York.
In Tokyo, Japan, AFLAC owns an 11-story administrative office building and a training facility. AFLAC also leases office space in Tokyo along with regional sales offices located throughout the country.
MANAGEMENT'S DISCUSSION AND 13-5 to 22 - 35 ANALYSIS OF FINANCIAL CONDITION 13-27 AND RESULTS OF OPERATIONS
FINANCIAL STATEMENTS AND 13-28 to 38 - 60 SUPPLEMENTARY DATA 13-74
Ambac Assurance maintains its principal executive offices at One State Street Plaza, New York, New York 10004, which consists of approximately 121,000 square feet of office space, under an agreement which expires on September 30, 2019. Ambac UK maintains offices in London, England.
In addition, the Company owns certain interests in real estate acquired in connection with the defeasance of Ambac Assurance's policy obligations with respect to certain industrial revenue bonds.
Management's Discussion and Analysis of Financial Condition and Results of Operations is set forth under the same caption on pages 23 through 29 of the Company's 1997 Annual Report to Stockholders. Such information is incorporated herein by reference and should be read in conjunction with the Consolidated Financial Statements and the Notes thereto contained on pages 31 to 51 of such Annual Report.
Financial position of the Company. CAPITAL fuliy subscribed (25 % paid-up) Frs. 10,000,000. —
Life DepL. ,, Premium Reserve from 1913 .1. i . ' . Annuity Fund from 1913 . . . . Reserve for outstanding Losses from 1913 . J. . .• . r Premiums, less cancellations . . Consideration for Annuities, less Retrocession .... Interest Interest, after deduction of interest on Life Dept- account
Frs. Distribution of Profit; 175,000. — to Special Reserve Fund. „ 40,000. — to Staff Insurance and Pension Fund. „ 700,000. — Dividends. „ 193,750. — to Directors and Management. „ 66,674.92 Balance carried to next year's account.
Reserves, Life Dept-: Premium Reserve . . . . Frs. 49,715,476.-
Balance of Profit and Loss Account ........ . . . . 1,175,424 92 123,848,616 40
Deposits bearing interest, incl. Reserves of Life Dept- in hands of ceding Companies . . . , 35,157.081.65 ' Cash with Bankers .... „ 4,130,041.50
Due by other Companies and Sundry Debtors . • . . . . 13,442,674 04 Accrued Interest . 753,863 35
Board of Directors: J. R. Hanhart, Chairman D"" E. Welti, Deputy-Chairman . . . W. C. Escher . . . Ed. Leicht ....
The response to this Item is incorporated by reference to pages 10 through 15 of our Annual Report to Stockholders for the year ended December 31, 2003, which is included as Exhibit (13) to this Form 10-K Report.
The response to this Item is incorporated by reference to pages 16 through 31 of our Annual Report to Stockholders for the year ended December 31, 2003, which is included as Exhibit (13) to this Form 10-K Report.
9-:- Board of Directors: Ch. Simon, Chairman. E. Welti, Deputy-Chairman. W. C. Escher Rob. Hegner C. Abegg-Stockar Hans Sulzer Felix Calender
Again we are able to record a continued development in the general branches as well as in the Life Department. Taken as a whole the results of our operations have been satisfactory, thanks chiefly to the Fire branch which, except in a few territories, has shown a gratifying profit. Roumania figures noticeably amongst the exceptions on the Continent of Europe; the conditions ruling in that country have been most disappointing for a number of years. In the United States of America the year 1927 has brought a much needed improvement.
The Accident Department gives little cause for satisfaction. We are feeling the ever-increasing number of accidents due to the growing motor traffic and the insufficiency of rates for Motor Gar business, particularly in France.
The results of the Burglary, Theft and Miscellaneous Departments are satisfactory with the exception of Credit insurance, which has been disappointing.
The development and the result of the Life Department are a source of particular satisfaction. Apart from a very gratifying increase in our business, we are favoured with a very low rate of mortality.
The Profit & Loss Account closes with a profit of . . Frs. 5,830,515.68 which is to be distributed as follows: Special Reserve Fund . » 1,700,000.— Staff Life Insurance and Pension Fund . ... . » 250,000.— Dividend Frs. 77.35 per share . . . . . ... » 2,320,500.— Directors and Management .......... » 912,500.— Carried forward . . . .... . ... . . » 647,515.68
Life DepL. Premium Reserve from 1926 . . . ... . . . Annuity Fund from 1926 . Reserve for unsettled Claims from 1926 . . . . . Premiums, less cancellations . . . . . . . . . Consideration for Annuities . Interest Interest, after deduction of interest due to Life DeptProfit on Investments
Life DepL. Premiums for Retrocession Commission and Expenses, less Retrocession . . Surrenders, less Retrocession . . . . . . . Losses paid, less Retrocession . . . . ... Annuities paid, less Retrocession . . . . . . Premium Reserve, less Retrocession Annuity Fund, less Retrocession ...... Reserve for unsettled Claims, less Retrocession Expenses of Management Taxes Net Profit. . . . . . ...... . . ,
Real Estate Frs. 2,500,000. Mortgages . , 29,796,307.25 Government and other Securities . . . . . ... . , 121,280,432.05 Life and other funds deposited with ceding Companies . , 141,211,181.15 Bank Balances „ 10,150,258.63 Cash in hand . „ 50,844.83 304,989,023 01
The information under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations" as set forth on pages 36-43 of the Company's 1998 Annual Report to Shareholders is incorporated by reference.
The consolidated financial statements of the Company, the Report of Independent Accountants thereon by PricewaterhouseCoopers LLP and the unaudited "Quarterly Financial Information" are set forth on pages 44-64 of the Company's 1998 Annual Report to Shareholders and are incorporated by reference.
The Company owns its principal executive office, which is located in the Humana Building, 500 West Main Street, Louisville, Kentucky 40202.
The Company provides medical services in owned or leased medical centers ranging in size from approximately 1,200 to 80,000 square feet. The Company's administrative market offices are generally leased, with square footage ranging from 500 to 75,000. The following chart lists the location of properties by state used in the operation of the Company at December 31, 1995:
Selected Financial Data Selected financial data for the past five years appears on page 29 in the Annual Report to the Stockholders for the year ended December 31, 1998, and is incorporated herein by reference.
Financial Statements and Supplementary Data The consolidated financial statements and notes appear on pages 30 through 47 in the Annual Report to Stockholders for the year ended December 31, 1998, and are incorporated herein by reference. See Part IV, Item 14.
The "Selected Financial Data" section on pages 1 and 2 of Exhibit 13 representing pages 6 and 7 of the Company's annual report to security holders for the year ended December 31, 1999, is incorporated herein by reference.
The home office of the Company is a building complex located at 151 Farmington Avenue, Hartford, Connecticut, with approximately 1.6 million square feet. The Company and certain of its subsidiaries also own or lease other space in the greater Hartford area, Blue Bell, Pennsylvania and Fairfield, New Jersey, as well as various field locations throughout the country. The Company believes its properties are adequate and suitable for its business as presently conducted.
The information entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" from pages 16 through 28 of the Registrant's Annual Report for the year ended December 31, 1998, is attached as Exhibit 13 hereto and is incorporated herein by reference.
CIGNA's Consolidated Financial Statements on pages 24 through 45 and the report of its independent accountants on page 46 of CIGNA's Annual Report are incorporated by reference, as is the unaudited information set forth under the caption "Quarterly Financial Data--Consolidated Results" on page 47.
The selected consolidated financial data of the Company appears in a separate section of this Annual Report on Form 10-K immediately preceding the Management’s Discussion and Analysis of Financial Condition and Results of Operations section and is incorporated herein by this reference.
The Company’s consolidated financial statements, as listed under Item 15, appear in a separate section of this Annual Report on Form 10-K and are incorporated herein by this reference. The financial statement schedule is included below under Item 15(a) (2).
Selected Financial Data. 	 Incorporated by reference to page 17 of the Registrant's 1995 Annual 	 Report to Shareholders.
Additionally, we own two other buildings near our headquarters. One, a 19,000 square foot building is leased to two branch offices of our subsidiary, RLI Insurance Company, and the remaining 1,723 square feet are used for record and furniture storage.
In evaluating our results from ongoing operations, we often analyze performance using a non-GAAP measure called net operating earnings. We calculate net operating earnings by adjusting net earnings to exclude after-tax realized investment gains/losses, which are typically generated through market and tax strategies not related to our near-term operating performance objectives. Operating earnings is a measure useful to gauge our core operating performance across reporting periods and against competitors. While this measure may not be comparable to the definition used by all companies, it is quite common in the insurance industry. Net operating earnings should not be viewed as a substitute for net earnings determined in accordance with GAAP. When presented, this measure will be accompanied by a table that reconciles net earnings, as defined by GAAP, to net operating earnings.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATION
The 1994 Financial Statements and the report of the registrant's independent accountants on pages 18 through 25 of the Company's 1994 Annual Report are incorported herein by reference, as is the unaudited information set forth in the Notes to the Financial Statements under the caption "Unaudited Quarterly Summary of Operations" on page 25.
CFC-I owns a fully leased 85,000 square feet office building in downtown Cincinnati that is currently leased to Proctor and Gamble Company, a non-affiliated company, on a net, net, net lease basis. This property is carried in the financial statements at $691,040 as of December 31, 1994.
CFC-I also owns the Fairfield Executive Center which is located on the northwest corner of the home office property in Fairfield, Ohio. This is a four-story office building containing approximately 124,000 square feet. CFC and its subsidiaries occupy approximately 9% of the building, unaffiliated tenants occupy approximately 89% of the building, and the balance is currently available for lease. The property is carried in the financial statements at $10,441,164 as of December 31, 1994.
This information is included in the Annual Report of the Registrant to its shareholders on pages 18 and 19 for the year ended December 31, 1994 and is incorporated herein by reference (see Exhibit 13 to this filing).
MANAGEMENT'S DISCUSSION AND ANALYSIS OF --------------------------------------- FINANCIAL CONDITIONS AND RESULTS OF OPERATIONS ----------------------------------------------
Independent Auditors' Report Consolidated Balance Sheets--December 31, 1994 and 1993 Consolidated Statements of Income--Years ended December 31, 1994, 1993, and 1992 Consolidated Statements of Shareholders' Equity--Years ended December 31, 1994, 1993, and 1992 Consolidated Statements of Cash Flows--Years ended December 31, 1994, 1993, and 1992.
Additionally, the Company owns two other buildings located near the headquarter building. One, a 19,000 square foot building, is leased to a RLI Insurance Company Branch office, with the remaining 3,240 square feet being used for record and furniture storage.
Refer to the Management's Discussion and Analysis of Financial Condition and Results of Operations on pages 18 through 27 of the Annual Report to Shareholders for the year ended December 31, 2000 attached in Exhibit 13.
We lease approximately 3.1 million square feet of space throughout the United States and one location in Australia. These leases are generally short-term to medium-term leases of commercial space.
In addition to our corporate headquarters and another office complex and call center in Mayfield Village, Ohio, we own significant locations in Colorado Springs, Colorado; Tampa, Florida; and Tempe, Arizona.
Incorporated by reference from Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report, which is included as Exhibit 13 to this Form 10-K.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA The Consolidated Financial Statements of Providian Corporation and Subsidiaries included on pages 37 through 55 and Quarterly Financial Data on page 34 of the Annual Report for the year ended December 31, 1994, are incorporated by reference.
In conjunction with the sale of the broadcast business in 1996 and 1997, the Company sold the land, buildings, transmission towers and other broadcast equipment in the cities where its television stations were located.
FINANCIAL STATEMENTS AND 13-29 to 39 - 56 SUPPLEMENTARY DATA 13-71
CNA Plaza, owned by Continental Assurance Company, is a 1,097,000 square foot office complex located at 333 S. Wabash, Chicago, Illinois. The forty-five story office building serves as the home office for CNA and its insurance subsidiaries. CNA Plaza and the adjacent building (a 454,000 square foot building located at 55 E. Jackson Blvd.) are partially situated on grounds under leases expiring in 2058 and 2067. Approximately 35% of the adjacent building is rented to non-affiliates.
CNA also maintains four regional offices and forty branch offices in major cities throughout the United States. This office space is leased except for offices located in four CNA owned buildings.
Incorporated herein by reference from page 2 of the 1993 Annual Report to Shareholders.
Incorporated herein by reference from pages 12 through 21 of the 1993 Annual Report to Shareholders.
The information required by Item 303 of Regulation S-K is listed on page of this report.
World Minerals, Celite and Harborlite also lease warehouses, office space and other facilities in the United States and abroad. A joint venture between Celite and the Government of Iceland has rights to mine diatomaceous earth in sections of Lake Myvatn, Iceland, and Celite's joint ventures in PRC have rights to mine diatomaceous earth in sections of Jilin Province, PRC.
The information required by this Item 8 is incorporated by reference from pages 32 through 48 of Alleghany's Annual Report to Stockholders for the year 1999, filed as Exhibit 13 hereto.
The Company's U.S. headquarters and SIG are located at 4720 Kingsway Drive, Indianapolis Indiana. All corporate administration, accounting and management functions are contained at this location. Pafco is also located at 4720 Kingsway Drive, Indianapolis, Indiana in a building which is owned 100% by Pafco with no encumbrances. The building is an 80,000 square foot multilevel structure; approximately 50% of which is utilized by the Company. The remaining space is leased to third parties at a price of approximately $10 per square foot.
Superior's operations are conducted at leased facilities in Atlanta, Georgia; Marietta, Georgia; Tampa, Florida; Orange, California; Glendale, California; Bala Cynwyd, Pennsylvania and Alexandria, Virginia. Under a lease term that extends through February 2003, Superior leases office space at 280 Interstate North Circle, N.W., Suite 500, Atlanta, Georgia. Superior occupies 43,338 square feet at this location. Superior occupies office space at 1400 South Marietta Parkway, Suite 105, Marietta, Georgia and consists of approximately 2,500 square feet of space leased for a term extending through August 2003. Superior occupies an office located at 5483 West Waters Avenue, Suite 1200, Tampa, Florida and consists of approximately 33,861 square feet of space leased for a term extending through December 2007. Superior occupies an office at 1745 West Orangewood, Orange, California consisting of approximately 3,264 square feet leased for a term extending through May 2001. Superior occupies an office at 700 North Central Avenue, Glendale, California consisting of approximately 2,015 square feet leased for a term extending through November 2005. Superior occupies an office at 150 Monument Road, Bala Cynwyd, Pennsylvania consisting of approximately 3,031 square feet for a term extending through April, 2003. Superior occupies an office at 6303 Little River Turnpike, Suite 220, Alexandria, Virginia consisting of approximately 3,300 square feet for a term extending through October 2003. Underwriting, customer service, and administration activities are housed at the Atlanta location. Claims activities are split between Atlanta, Tampa, Orange, Glendale, Bala Cynwyd and Alexandria locations. The Tampa location processes all PIP claims. Claims property damage training is performed at the Marietta location. Accounting activities are performed at the headquarters location in Indianapolis, Indiana.
The Company leases office space in Pembroke, Bermuda where the Company’s principal executive office are located. Additionally, the Company and its subsidiaries lease office space in the United States and the United Kingdom including White Plains, New York; New York, New York; Chicago, Illinois; Los Angeles, California; San Francisco, California and London, England. We renew and enter into new leases in the ordinary course of business. For further discussion of our leasing commitments at December 31, 2006, please see Note 11 - ‘‘Commitments and Contingencies’’ of our Audited Consolidated Financial Statements.
The following table sets forth our selected consolidated financial information for the years ended and as of the dates indicated. As described in Note 1 to our Audited Consolidated Financial Statements included elsewhere in the Company’s Annual Report on Form 10-K, our Audited Consolidated Financial Statements include the accounts of Endurance Holdings, Endurance Bermuda, Endurance U.K., Endurance U.S. Reinsurance and Endurance U.S. Insurance.
You should read the following selected consolidated financial information along with the information contained in the Company’s Annual Report on Form 10-K, including ‘‘
Incorporated by reference to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" on pages C-4 to C-29 of the Proxy Statement.
The five-year financial information under the caption "Highlights" on page 3 of CIGNA's Annual Report is incorporated by reference.
Gallagher's executive offices and certain subsidiary and branch facilities are located at Two Pierce Place, Itasca, Illinois, where Gallagher leases approximately 264,000 square feet of space. The lease commitment on this property expires February 28, 2006. Gallagher has an equity interest in the limited partnership that owns the Two Pierce Place property. See Note 4 (pages 40 to 43), Note 7 (page 45) and 15 (pages 51 and 52) to the Consolidated Financial Statements of Gallagher's 2002 Annual Report to Stockholders which is incorporated herein by reference for additional information with respect to this ownership interest. Gallagher generally operates in leased premises. Certain office space leases have options permitting renewals for additional periods. In addition to minimum fixed rentals, a number of leases contain annual escalation clauses generally related to increases in an inflation index. See Note 15 to the Consolidated Financial Statements of Gallagher's 2002 Annual Report to Stockholders on pages 51 and 52, which is incorporated herein by reference for information with respect to Gallagher's lease commitments at December 31, 2002.
(2) Based on the weighted average number of common shares outstanding during the year.
Information regarding Management's Discussion and Analysis of Financial Condition and Results of Operations is included in Gallagher's 2002 Annual Report to Stockholders under the caption entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" on pages 22 to 30 and is incorporated herein by reference. All of such information should be read in conjunction with Gallagher's Consolidated Financial Statements and related notes thereto, which have been incorporated by reference in Item 8 of this annual report.
The information contained in “Selected Financial Data” on page 81 of the Annual Report is incorporated herein by reference.
The information contained in Consolidated Financial Statements, Notes to Consolidated Financial Statements, Report of Independent Registered Public Accounting Firm and “Quarterly Data (unaudited),” beginning on page 82 of the Annual Report, is incorporated herein by reference.
Management’s Discussion and Analysis of Financial Condition and Results of Operations appears in a separate section of this Annual Report on Form 10-K beginning on page 47 and is incorporated herein by this reference.
The Company’s consolidated financial statements, as listed under Item 15, appear in a separate section of this Annual Report on Form 10-K beginning on page 57 and are incorporated herein by this reference. The financial statement schedule is included below under Item 15.
Ambac Assurance, Ambac Capital Funding, Ambac Financial Services, Ambac Capital Products and Ambac Capital Services maintain their principal executive offices at One State Street Plaza, New York, New York 10004, which consists of approximately 145,000 square feet of office space, under an agreement that expires on September 30, 2019. Ambac Assurance maintains other locations at Otemachi Financial Center 17th Floor, 5-4, Otemachi 1-chome, Chiyoda-ku, Tokyo 100-0004, Japan and at ABN AMRO Tower, L31, 88 Phillip Street, Sydney 2000 NSW, Australia. Both locations consist of approximately 1,000 square feet of office space.
Ambac UK and Ambac Capital Products Limited maintain its principal offices at Hasilwood House, 60 Bishopsgate, London EC2N4BE, England, which consists of 7,100 square feet of office space, under an agreement that expires in December 2006. Ambac UK has acquired rights to additional space of approximately 12,600 square feet at 6 Broadgate, London EC2 under an agreement that expires in September 2013 and also maintains a representative office at Regus Business Center S.r.l., Via Montedi Pieta N.21, 20121 Milano, Italy.
Selected financial data for Ambac Financial Group and its subsidiaries for each of the last ten fiscal years is set forth under the captions “10-Year Performance” and “Financial Highlights” on page 7 and pages 8 and 9 respectively, of Ambac Financial Group’s 2004 Annual Report to Stockholders. Such information is incorporated herein by reference and should be read in conjunction with the Consolidated Financial Statements and the Notes thereto contained on pages 42 through 69 of such Annual Report.
The 2004 Consolidated Financial Statements, together with the Notes thereto and the Independent Registered Public Accounting Firm Reports thereon, are set forth on pages 40 through 69 of Ambac Financial Group’s 2004 Annual Report to Stockholders. Such information is incorporated herein by reference.
Financial position on 31 December, 1903. CAPITAL fully subscribed (25 «/o paid-up) Frs. 8,000,000. — RESERVE FUND 1,000,000.-
Life Frs. 326,399.— Fire, Marine, Accident and Burglary .......... „ 3,030,755.—
Retrocession Premiums, less cancellations Commissions, less retrocession Losses paid less retrocession .... Premium Reserve .... Reserve for outstanding losses
Life DepL. Retrocession Premiums Retrocession on annuities Commissions and expenses Surrenders Losses paid, less retrocession Annuities paid Premium Reserve .... Annuity Fund Reserve for outstanding losses Expenses of management . . Taxes Amortisation on Securities Net profit
Shareholder's Capital (4000 shares of Fr. 2000 each) Reserve Fund ... ... Special Reserve Due to other Companies . . . Sundry creditors Reserve, Fire, Marine, Accident and Burglary Dept-: for unexpired risks . . . , outstanding losses . .
Shareholders House Property . ..... . ...... . . Fr. 350,000.— Mortgages , 9,783,341. — Government Securities and Bonds -. . . , 12,778,219.30
FIRST HEALTH owns three office buildings consisting of an aggregate of approximately 385,000 square feet of space. One is in Downers Grove, Illinois where the Company is headquartered, and the other two are in West Sacramento, California and Scottsdale, Arizona. Additionally, the Company leases significant office space in the Salt Lake City, Utah; Milwaukee, Wisconsin; Richmond, Virginia; Houston, Texas; Pittsburgh, Pennsylvania; Boise, Idaho; and the Los Angeles, California area. Additionally, the Company has numerous other smaller locations throughout the nation.
The financial statements required by this item are contained in the Company's 1997 Annual Report to Stockholders on the pages indicated below and are incorporated herein by reference.
During the fiscal year ended December 31, 2012 we incurred a net loss of $91,147 and a net loss per share of $0.00. During the fiscal year ended December 31, 2011 we incurred a net loss of $172,807 and a net loss per share of $0.01.
We did not incur any expenditures on investing activities during the fiscal years ended December 31, 2012 or 2011.
Our financial statements for the fiscal year ended December 31, 2012 have been prepared on a going concern basis and contain an explanatory paragraph in Note 2 of the notes to such statements which identifies issues that raise substantial doubt about our ability to continue as a going concern. Our financial statements do not include any adjustments that might result from the outcome of this uncertainty.
We have not generated any revenues, have incurred net losses and have relied on shareholder advances to fund our operations during our two most recent fiscal years. We may not generate any revenues even if we successfully locate a suitable candidate for a business combination and complete the acquisition of its assets or shares in exchange for our securities.
We have audited the accompanying financial statements of CNK Global Inc. (formerly American Life Holding Company, Inc.), which comprise the balance sheets as of December 31, 2012 and 2011, and the related statements of operations, changes in stockholders’ equity, and cash flows for the years then ended, and the related notes to the financial statements.
Basic income per share is calculated as income available to common shareholders divided by the weighted average number of common shares outstanding during the period. Diluted income per share is calculated using the “if converted” method for convertible securities and the “treasury stock” method for options and warrants. For the years ended December 31, 2012 and 2011 all securities convertible into common shares were anti-dilutive.
The following methods and assumptions were used to estimate the fair value of financial instrument for which it is practicable to estimate value. Cash is carried at cost, which is a reasonable estimate of fair value.
The Company has outstanding warrants to employees and non-employees allowing the purchase of stock at a price of $10.00 per share. None of the 49,500 non-employee warrants in 2012 or the 49,500 non-employee warrants in 2011, all of whose exercise price exceeded market value as of the date of the grant, have been exercised.
The information called for by this item can be found in Trenwick Group Ltd.'s 2000 Annual Report to Shareholders under the caption "Management's Discussion and Analysis of Financial Condition and Results of Operations" and is incorporated herein by reference.
Our corporate headquarters is located in the American General Center, a complex of office buildings with 2.2 million square feet on a 46-acre tract near downtown Houston. American General and certain subsidiaries own all of the buildings and underlying land in the complex. We occupy approximately 52% of the total office space available in the American General Center.
Management's Discussion and Analysis of Financial Condition and Results of Operations is incorporated herein by reference to "Management's Discussion and Analysis" on pages 22-37 in our 2000 ARS.
The company's financial statements and supplementary data are incorporated herein by reference to pages 38-58 in our 2000 ARS.
The ratios of earnings to fixed charges are incorporated herein by reference to Exhibit 12 of Item 14 of this Form 10-K.
Management's Discussion and Analysis of Financial Condition and Results of Operations on pages 20 through 29 of NAC Re's 1996 Annual Report to Shareholders is incorporated herein by reference.
The following consolidated financial statements of NAC Re and its subsidiary companies, included on pages 32 through 60 of NAC Re's 1996 Annual Report to Shareholders, are incorporated herein by reference:
--Consolidated Statement of Income for the years ended December 31, 1996, 1995 and 1994.
--Consolidated Statement of Cash Flows for the years ended December 31, 1996, 1995 and 1994.
The Registrant hereby incorporates by reference the "Selected Financial Data" table on page 57 of the Annual Report.
The Registrant hereby incorporates by reference the following statements, notes and data from the Annual Report. Page(s) ------- Consolidated Financial Statements ....................... 29 - 33 Notes to Consolidated Financial Statements .............. 34 - 55 Report of Ernst & Young LLP, Independent Auditors ....... 56 Quarterly Financial Data ................................ 58
Incorporated by reference, Annual Report to Shareholders for the year ended December 31, 1993, page 17.
Incorporated by reference, Annual Report to Shareholders for the year ended December 31, 1993, pages 25-33.
(a) Physical Properties of the Company and Its Subsidiaries. The Company leases its home office facilities in Montgomery, Alabama, from Mutual.
The “Management’s Discussion and Analysis” section on pages 1 through 15 of Exhibit 13, representing pages 17 through 31 of the Company’s annual report to stockholders for the fiscal year ended December 31, 2004, is incorporated herein by reference.
The Consolidated Financial Statements and Notes to Consolidated Financial Statements on pages 16 through 46 of Exhibit 13, representing pages 32 through 62 of the Company’s annual report to stockholders for the fiscal year ended December 31, 2004, are incorporated herein by reference.
Reference is made to "Selected Consolidated Financial Data" on page 15 of the Annual Report for the year ended December 31, 2001, incorporated herein by reference.
Reference is made to the "Consolidated Financial Statements" included on pages 29 through 33 and to the "Quarterly Results of Operations" contained in the "Notes to Consolidated Financial Statements" on page 47 of the Annual Report for the year ended December 31, 2001, incorporated herein by reference.
The Company owns real property for investment purposes as provided in Schedule I "Summary of Investments other than Investments in Related Parties." This investment property is leased to the Erie Indemnity Company. Rental income for 1999 was $303,000. The executive and administrative offices of the Company are located in the headquarters office of Erie Insurance Group in Erie, Pennsylvania. The Company pays other members of the group an amount determined by an arm's length agreement for office space and for the use of facilities, equipment and services.
The information set forth on pages 22 through 28 of the Company's 1999 Annual Report is incorporated herein by reference.
Through various wholly owned subsidiaries, the Company also owns and occupies additional office facilities in three other locations and rents additional office space for its insurance operations in 16 other locations. The Company believes that such owned properties are suitable and adequate for its current business operations.
The information under the caption “Selected Financial Data” on pages 26 and 27 of the Annual Report is incorporated herein by reference.
Management’s Discussion and Analysis of Financial Condition and Results of Operations on pages 28 through 48 of the Annual Report is incorporated herein by reference.
The information required by this Item is included in the Registrant's Annual Report to Shareholders for the year ended December 31, 2004, under the caption "Selected Financial Data" and is incorporated herein by reference.
The information required by this Item is included in the Registrant's Annual Report to Shareholders for the year ended December 31, 2004, under the captions "Consolidated Statements of Income", "Consolidated Balance Sheets", "Consolidated Statements of Shareholders' Investment", "Consolidated Statements of Cash Flows", "Notes to Consolidated Financial Statements", "Quarterly Financial Data (unaudited), Dividend Information and Common Stock Quotations", and "Report of Independent Registered Public Accounting Firm on the Consolidated Financial Statements", and is incorporated herein by reference.