felanders/preprocessed huggingface dataset:
In connection with its sale of Cadre Financial Services, Inc., Ambac Financial Group retained the office building at 905 Marconi Avenue, Ronkonkoma, New York 11779. It currently rents the office space to PFM Asset Management, LLC. The office building consists of approximately 15,000 square feet of office space and storage.
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 pages 8 and 9 and pages 10 and 11 respectively, of Ambac Financial Group’s 2003 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 44 through 69 of such Annual Report.
Management’s Discussion and Analysis of Financial Condition and Results of Operations is set forth under the same caption on pages 23 through 42 of Ambac Financial Group’s 2003 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 44 through 69 of such Annual Report.
Superior's operations are conducted at leased facilities located in Atlanta, Georgia, Tampa, Florida and Orange, California. Under a lease term which extends through February, 1998, Superior leases office space at 280 Interstate North Circle, N.W., Suite 500 Atlanta, Georgia. Superior occupies 43,448 square feet at this location and subleases an additional 3,303 square feet to third party tenants. Superior also has an office located at 3030 W. Rocky Point Drive, Suite 770, Tampa, Florida consisting of 18,477 square feet of space leased for a term extending through February 2000. In addition, Superior occupies an office at 1745 West Orangewood, Orange, California consisting of 3,264 square fee under a lease extending through May 1997.
US/Canada GAAP Differences: Discounting on Outstanding Claims 62 (161) 88 49 143 Deferred Income Taxes (64) (344) 1,180 562 0 Revised Net Earnings 31,294 6,666 5,208 2,008 4,556
Earnings Per Share $ 5.47 $ 1.20 $ 0.96 $ 0.38 $ 0.94
The selected financial data for the last five fiscal years of the Company and its subsidiaries is set forth under the caption “Financial Highlights” in the 2004 Annual Report to Shareholders and is incorporated by reference in this Form 10-K Annual Report. The information should be read in conjunction with the Consolidated Financial Statements, Notes to Consolidated Financial Statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations in the 2004 Annual Report to Shareholders, which are incorporated by reference in this Form 10-K Annual Report.
The supplementary financial information set forth in the section entitled “Selected Quarterly Financial Data” in Management’s Discussion and Analysis of Financial Condition and Results of Operations in the 2004 Annual Report to Shareholders is incorporated by reference in this Form 10-K Annual Report.
Total revenues decreased $1,240, or 2%, to $69,347 for the year ended December 31, 2007 from $70,587 for the year ended December 31, 2006. This decrease is primarily due to the continued decline of our domestic credit business and an increase in net realized losses of $700, of which $641 was the result of write-downs of other than temporary impairments in our investment portfolio. Partially offsetting these decreases was an increase to amortization of deferred gains on disposal of businesses of $641 which is primarily the result of a prior year reduction of approximately $600 after an annual review of estimates affecting the deferred gains on disposal of businesses was conducted.
Total benefits, losses and expenses increased $7,665, or 15%, to $57,730 for the year ended December 31, 2007 from $50,065 for the year ended December 31, 2006. This increase is primarily due to an increase in policyholder benefits of $8,406 which was driven by a one-time reserve adjustment resulting from a clarification of the definition of pre-existing condition from the State of New York Insurance Department. Also contributing to the increase in policyholder benefits was a prior year refund of previously paid policyholder benefits which was accounted for as a reduction to policyholder benefits, and less favorable experience than prior year in our group disability and group life businesses. Partially offsetting these increases was income stemming from our completed clients commission reconciliation project.
MAIN OFFICES. The main office of the Company, Liberty Life, Liberty Insurance Services Corporation, and Cosmos is located on a 30-acre tract in Greenville, SC, and consists of three buildings totaling approximately 360,000 square feet plus parking. The main office facilities are owned by the Company and Liberty Life. Liberty Life leases branch office space in various cities. Leases are normally made for terms of one to ten years.
Management's Discussion and Analysis of Financial Condition and Results of Operations is contained on pages 31-40 of The Liberty Corporation Annual Report to Shareholders and is filed as Exhibit 13 on pages 40-48 of this report and is incorporated in this Item 7 by reference.
The Company's Consolidated Financial Statements and Report of Independent Auditors are contained on pages 5-29 of The Liberty Corporation Annual Report to Shareholders and is filed as Exhibit 13 on pages 47-73 of this report and are incorporated in this Item 8 by reference. Quarterly Results of Operations are contained on page 22 of The Liberty Corporation Annual Report to Shareholders and is included in Exhibit 13 on page 66 of this report and are incorporated in this Item 8 by reference
(c) Book value per share excluding AOCI (a non-GAAP financial measure) is based on stockholders’ equity excluding the effect of AOCI and is calculated as total stockholders' equity excluding AOCI divided by the total number of shares of common stock outstanding. Since AOCI fluctuates from quarter to quarter due to unrealized changes in the fair value of available for sale investments, we believe these non-GAAP financial measures provide useful supplemental information.
Since September 1989, the Company has maintained its executive and business offices in a leased building located at 1200 Camp Hill By-Pass, Camp Hill, Pennsylvania. The office building contains approximately 44,500 square feet of office space. Prior to 1993, the Company leased the entire facility at an annual rental of $421,000, plus insurance, taxes and utilities. As a result of the termination in 1992 of all new business functions in the Individual Life Insurance Division, the Company now occupies approximately 67% of the available office space. The Company has leased about 85% of the remaining space to third party tenants. Annual rental income to the Company under these sub-leases totals $105,000. In March of 1994, the Company exercised its option to acquire a 50% interest in its home office building, which reduced the Company s annual rent to $204,000. The option price was approximately $1.75 million. Except as otherwise noted, the business operations of the Company and all of the subsidiaries are conducted at the above address in Camp Hill, Pennsylvania.
Reference is made to the Property-Casualty Loss Development data on pages 40-41 of Zenith's 2000 Annual Report to Stockholders for information setting forth the loss and loss adjustment expense liability development for 1990 through 2000 and to the Consolidated Financial Statements and Notes thereto on pages 42-65 of Zenith's 2000 Annual Report to Stockholders, which are hereby incorporated by reference.
The selected consolidated financial data of the Company appears in a separate section immediately following the signature pages of this annual report, and is incorporated herein by this reference.
“Management’s Discussion and Analysis of Financial Condition and Results of Operations” appears in a separate section of this annual report immediately following the “Selected Financial Data” section, and is incorporated herein by this reference.
SELECTED FINANCIAL DATA. - ------- ------------------------ The "Selected Consolidated Financial Data" section from the Company's annual report to stockholders for the year ended December 31, 1998, which is included as Exhibit (13)(A) to this Form 10-K Report, is incorporated herein by reference.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL - ------ ------------------------------------------------- CONDITION AND RESULTS OF OPERATIONS. - ----------------------------------- The "Management's Discussion and Analysis of Results of Operations and Financial Condition" section from the Company's annual report to stockholders for the year ended December 31, 1998, which is included as Exhibit (13)(B) to this Form 10-K Report, is incorporated herein by reference.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA. - ------- -------------------------------------------- The consolidated financial statements from the Company's annual report to stockholders for the year ended December 31, 1998, which is included as Exhibit (13)(D) to this Form 10-K Report, are incorporated herein by reference.
As of December 31, 2001, the Company leased approximately 1.7 million aggregate square feet of space for its principal administrative offices in the greater Minneapolis/ St. Paul, Minnesota area and in Hartford, Connecticut. Excluding these areas, as of December 31, 2001, the Company leased approximately 4.9 million aggregate square feet in the United States and Europe. Such space accommodates health plans, managed care services, specialty programs or satellite administrative offices. The Company’s leases expire at various dates through May 31, 2025. As of December 31, 2001, the Company owned approximately 241,000 aggregate square feet of space for administrative offices in various states. Our administrative offices are accessed by our various businesses.
The information contained under the heading “Results of Operations” in the Company’s Annual Report to Shareholders for the fiscal year ended December 31, 2001, is incorporated herein by reference.
AFLAC owns an 18-story office building, which is the worldwide headquarters, and a five-story administrative office building, which was completed in 1998 at a cost of $17 million, 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.
Properties. Information required under this item is incorporated herein by reference to the sections entitled "Subsidiaries," "Region Offices," "Field Underwriting Office," "Information Systems Offices" and "Properties" on page 57 of the 1997 Annual Report. The Company's facilities are substantially fully utilized and are adequate for the conduct of the Company's business.
Selected Financial Data. Information required under this item is incorporated herein by reference to page 20 and the first column and related notes on page 21 of the 1997 Annual Report.
Management's Discussion and Analysis of Financial Condition and Results of Operations. Information required under this item is incorporated herein by reference to the section entitled "Results of operations" on pages 22 through to the fifth full paragraph on page 26; the section entitled "Federal Income Taxes" on page 26; the section entitled "Impact of inflation" on page 32; and the section entitled "Financial condition; liquidity and capital resources" on pages 26 through to the fifth full paragraph on page 28, of the 1997 Annual Report.
Financial Statements and Supplementary Data. The consolidated financial statements and supplementary data of the Company are incorporated herein by reference to pages 33 through 52, inclusive, of the 1997 Annual Report. An index to the consolidated financial statements is contained in Item 14 (a)(1) of this report, and the Quarterly Financial Information is incorporated herein by reference to page 53 of the 1997 Annual Report.
The headquarters for the Company is 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 that 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, its subsidiaries and Goran. Superior Group leases office space in the building. Goran subleases office space in that building from Superior Group. The remaining space is leased to third parties at a price of approximately $10 per square foot per annum
Superior's operations are conducted at leased facilities in Atlanta, Georgia; Anaheim, California; and Tampa and West Palm Beach, Florida. Under a lease term that extends through 2003, Superior leases an office at 280 Interstate North Circle, N.W., Suite 500, Atlanta, Georgia. Superior leases an office located at 5483 West Waters Avenue, Suite 1200, Tampa, Florida for a lease term extending through December 2007. Superior occupies a leased office located at 1745 West Orangewood, Anaheim, California for a lease term extending through May 2006. Superior occupies a leased office at 4500 PGA Blvd., Suite 304A, West Palm Beach, Florida for a lease term extending through September 2003.
The Consolidated Financial Statements in the 2002 Annual Report, included as Exhibit 13, and listed in Item 15 of this Report are incorporated herein by reference.
Financial Statements and Supplementary Data The consolidated financial statements and notes appear on page 30 through 46 in the Annual Report to Stockholders for the year ended December 31, 1995, and are incorporated herein by reference. See Part IV, Item 14.
Sunset owns and wholly occupies a two story office building at 3200 Capitol Boulevard in Olympia, Washington. The building is situated on four acres of land.
See the information in 'Reliance Insurance Company and Subsidiaries Selected Financial Data' on pages 23 and 24 of the Reliance Insurance Group's 1994 Annual Report, which information is incorporated herein by reference.
"Selected Consolidated Financial Data" on page 2 of DHC's 2001 Annual Report to Stockholders (included as an exhibit hereto) is incorporated herein by reference.
We own six commercial buildings in Peoria, Illinois. Our primary building is a two-story 80,000 square foot office building, which serves as our corporate headquarters. Located on the same 20.6 acre campus is a 24,000 square foot building which is used by two branch offices of RLI Insurance Company and a supporting department. We also own a 25,400 square foot multi-story building used for record storage, a training center and office space. Our corporate campus also includes a 12,800 square foot building used as storage for furniture and equipment and for office space. The final structure is a 15,000 square foot office building, of which 10,000 square feet is leased. We share ownership with Maui Jim, Inc. of a 16,800 square foot airplane hangar located at the Greater Peoria Regional Airport.
Refer to the Management’s Discussion and Analysis of Financial Condition and Results of Operations on pages 1 through 27 of the 2008 Financial Report to Shareholders, attached as Exhibit 13 and incorporated by reference herein. 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, deferred policy acquisition costs and deferred taxes. A detailed discussion of these critical accounting policies can be found on pages 3 through 8 of the 2008 Financial Report to Shareholders, attached as Exhibit 13 and incorporated by reference herein.
Kansas City Life's home office is located at 3520 Broadway in Kansas City, Missouri. The Company owns and wholly occupies two five story buildings on an eight acre site.
Properties. Guarantee Life's headquarters are located at 8801 Indian Hills Drive, Omaha, Nebraska and consist of 200,000 square feet of office space owned by Guarantee Life, including a 60,000 square foot office building constructed in 1995. In addition, Guarantee Life leases the space used by PFG, Westfield and regional group offices under short-term leases. Management believes that its facilities will be adequate for its anticipated needs in all material respects.
Management's Discussion and Analysis of Financial Condition and Results of Operations. The information required by this Item is incorporated herein by reference from "Management's Discussion and Analysis of Financial Condition and Results of Operations" on pages 18-29 in Guarantee Life's 1998 Annual Report to Shareholders.
Management's Discussion and Analysis of Financial Condition and Results of Operations......................................... 7-1
The consolidated financial statements and notes appear on pages 22-55 in the Annual Report to the Stockholders for the year ended December 31, 2014, and are incorporated herein by reference. See Part IV, Item 15.
The response to Item 7 is submitted under a separate section of this report beginning on page 32.
The Company and its consolidated subsidiaries own and lease offices in various locations primarily in the United States. None of these properties is material to the Company's business. At December 31, 1996, the Company and its consolidated subsidiaries employed approximately 9,200 persons in approximately 480 offices.
See the information in 'Reliance Financial Services & Subsidiaries Financial Review' on pages 26 through 31 of the Reliance Financial 1996 Annual Report, which information is incorporated herein by reference.
The financial statements of the Company and its consolidated subsidiaries, included on pages 1 through 24 of the Reliance Financial 1996 Annual Report, which information is incorporated herein by reference, are listed in Item 14 below.
Certain Non-GAAP Financial Measures. The line item in the preceding selected financial data table entitled “Earnings from continuing operations before litigation and contingent commission matters and claims handling obligations per employee” may be considered a “non-GAAP financial measure” within the meaning of SEC regulations because it is derived from Gallagher’s consolidated financial information but is not required to be presented in financial statements that are prepared in conformity with U.S. generally accepted accounting principles (GAAP). Consistent with SEC regulations, a description of such information is provided in the table above and a reconciliation of certain of such items to GAAP is provided herein. Charges in 2006 related to retail contingent commission related matters totaled $9.0 million (or $5.4 million after tax). Charges in 2005 related to litigation related matters, retail contingent commission related matters and claims handling obligations totaled $131.0 million (or $84.2 million after tax), $73.6 million (or $44.2 million after tax) and $15.0 million (or $9.8 million after tax), respectively. There were no such items in 2002 to 2004. These amounts, which Gallagher believes are non-recurring, were added back to earnings from continuing operations in 2006 and 2005 in order to calculate earnings from continuing operations before litigation and contingent commission related matters and claims handling obligations per employee.
Information regarding Management’s Discussion and Analysis of Financial Condition and Results of Operations is included in Gallagher’s 2006 Financial Statements under the caption entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” 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.
MMC and four of its subsidiaries, as tenants in common, own a 56% condominium interest in a 44-story building in New York City which serves as their worldwide headquarters and have entered into a contract to purchase an additional six floors, subject to certain regulatory and other conditions. If there is a failure of any condition, seller has agreed to lease the space to MMC.
The remaining business activities of MMC and its subsidiaries are conducted principally in leased office space in cities throughout the world. In general, no difficulty is anticipated in negotiating renewals as leases expire or in finding other satisfactory space if the premises become unavailable. From time to time, MMC may have unused space and may seek to sublet such space to third parties, depending upon the demands for office space in the locations involved.
Information on pages 27 through 35 of the 1998 Annual Report is incorporated herein by reference.
The selected financial data included in the "Eleven Year Financial Summary" on pages 34 through 35 of NAC Re's 1997 Annual Report to Shareholders is incorporated herein by reference.
--Consolidated Statement of Income for the years ended December 31, 1997, 1996 and 1995.
-- Consolidated Statement of Stockholders' Equity for the years ended December 31, 1997, 1996 and 1995.
Radian maintains a mini-computer network from its corporate data center located in its headquarters building to support its data processing requirements for accounting, claims, marketing, risk management, underwriting and non-insurance operations. In 1997, Radian centralized all computer operations. All the service centers are linked to the home office in Philadelphia via a high speed frame-relay network. The centralized environment is based on the Business Recovery Server ("BRS") architecture. The BRS consists of two geographically dispersed, identical data centers. Each data center is currently running at 40% of capacity. Either data center is capable of supporting the entire company. The data centers are linked via a fiber-optic link allowing simultaneous data updates through disk shadowing. Each center is part of a separate power grid. This redundant configuration provides disaster tolerance and automatic back-up, resource sharing and fail-over. The Company believes that its data processing systems are adequate to support its current needs and have the capacity to support a greater volume of insurance business.
The information set forth in the tables on page 16 of the Company's 2000 Annual Report to Stockholders under the caption "Selected Financial and Statistical Data" is hereby incorporated by reference.
The information set forth on pages 36 through 42 in the Company's 2000 Annual Report to Stockholders under the caption "Management's Discussion and Analysis of Results of Operations and Financial Condition" is hereby incorporated by reference.
As of December 31, 1997, the Company leased approximately 1.2 million aggregate square feet of space for its principal administrative offices in Hartford, Connecticut and the greater Minneapolis/St. Paul, Minnesota area. Outside of the Minneapolis/St. Paul, Minnesota and Hartford, Connecticut areas, as of December 31, 1997, the Company leased approximately 5.6 million aggregate square feet for office space or space for computer facilities and claims processing centers nationwide and approximately 15,000 aggregate square feet outside of the United States. Such space accommodates health plans, managed care services, specialty programs or satellite administrative offices. The Company's leases expire at various dates through January 31, 2008. As of December 31, 1997, the Company owned approximately 670,000 aggregate square feet of space for administrative offices in various states and its staff model clinic operations in Florida.
The historical consolidated financial data presented below as of and for each of the periods ended December 31, 2006, 2005, 2004, 2003, and 2002 were derived from our consolidated financial statements which are incorporated herein by reference to the Annual Report. The selected consolidated financial data should be read in conjunction with our consolidated financial statements and related notes thereto, and with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” also contained in the Annual Report and incorporated herein by reference.
Net income per common share is calculated upon the weighted average number of common shares outstanding during the relevant year. The weighted average number of shares includes common shares and the dilutive effect of employee stock options and stock grants, using the treasury stock method and convertible preferred shares. The net loss per common share for the year ended December 31, 2005, is calculated on the weighted average number of shares outstanding during the year, excluding the anti-dilutive effect of employee stock options, stock grants and convertible preferred shares.
The loss and loss adjustment expense ratio is calculated by dividing the net losses and loss expenses incurred by the net premiums earned. The expense ratio is calculated by dividing the sum of acquisition costs and general and administrative expenses by net premiums earned. The combined ratio is the sum of the loss and loss expense ratio and the expense ratio.
Zenith Insurance owns a 120,000 square foot office facility in Woodland Hills, California which is the corporate home office of Zenith National, Zenith Insurance and ZNAT Insurance. Zenith Insurance also owns a 176,000 square foot branch office facility in Sarasota, Florida.
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 1999 Annual Report to Stockholders on pages 38-39, is hereby incorporated by reference.
(a) Includes $93 million ($.44 per share) aftertax loss on consumer finance assets held for sale. (b) Includes $140 million ($.67 per share) aftertax adjustment to the allowance for finance receivable losses. (c) Includes aftertax net realized investment losses of $114 million ($.55 per share). Net realized investment gains for 1996, 1995, 1993, and 1992 were immaterial. (d) Includes $300 million ($1.39 per share) write-down of goodwill and $30 million ($.14 per share) tax rate related adjustment. (e) Includes fair value adjustment related to securities. Additional information is incorporated herein by reference to the section "Investments - Fair Value of Securities" on page 20 of MD&A in American General's 1996 ARS. (f) Includes convertible and non-convertible preferred securities of subsidiaries. Additional information is incorporated herein by reference to Note 10.1 of Notes to Financial Statements in American General's 1996 ARS.
Financial statements and supplementary data are incorporated herein by reference to pages 26-44 in American General's 1996 ARS.
The Company and its consolidated subsidiaries own and lease offices in various locations primarily in the United States. None of these properties is material to the Company's business. At December 31, 1999, the Company and its consolidated subsidiaries employed approximately 6,050 persons full time and leased approximately 230 properties. Of those properties, approximately 160 are for Reliance Insurance Group office space, approximately 20 are for RCG Information Technology office space, and approximately 50 are for office space of RCG Moody International Limited, a subsidiary of the Company which provides international inspection and quality assurance services.
See the information in "Reliance Group Holdings, Inc. and Subsidiaries Financial Review" on pages 21 through 30 of the Reliance Group Holdings 1999 Annual Report, which information is incorporated herein by reference.
The financial statements of the Company and its consolidated subsidiaries, included on pages 31 through 63 of the Reliance Group Holdings 1999 Annual Report, which information is incorporated herein by reference, are listed in Item 14 below.
The information required by Item 8 is included in this Form 10-K beginning on page 56 of this Form 10-K.
LNC and the various Fort Wayne operating businesses owned or leased approximately 1.4 million square feet of office space in the Fort Wayne area. The operating businesses in Indianapolis, Indiana; Oakbrook Terrace, Illinois; Philadelphia, Pennsylvania; and Uxbridge and Gloster, England owned or leased another 1.3 million square feet of office space. In addition, branch offices owned or leased for all of the operating businesses referenced above as well as the space for some smaller operations total approximately 1.8 million square feet. The square feet of office space utilized for this third group will be reduced by approximately 750,000 square feet over the next few years due to the consolidation of operating offices within the Property-Casualty segment (see note 11 to the consolidated financial statements on page 65). As shown in the notes to the consolidated financial statements (see note 7 to the consolidated financial statements on page 57), the rental expense on operating leases for office space and equipment for continuing operations totaled $65.6 million for 1995 of which $57.3 million was for office space. This discussion regarding properties does not include information on investment properties.
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; Fairfield, New Jersey and Roseland, 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 foregoing does not include numerous investment properties held by the Company in its general and Separate Accounts.
The 1999 Consolidated Financial Statements and the report of the registrant's independent auditors and the unaudited information set forth under the caption "Quarterly Data" are incorporated herein by reference to the Annual Report.
The Company’s consolidated financial statements and notes thereto, selected quarterly financial data and the Report of Independent Registered Public Accounting Firm on Financial Statements are incorporated by reference to the material under those headings in the portions of the Company’s 2005 Annual Report to Shareholders set forth as Exhibit 13 in this report.
The information contained in MD&A in the Annual Report is incorporated herein by reference.
The principal assets of the registrant at September 30, 2004 are sixteen real estate contracts receivable.
The income from operations for the year ended September 30, 2004 increased $15,244 compared to the year ended September 30, 2003.
Total revenue increased $25,985. This was primarily due to a increase in profit on sale of real estate contracts.
The Company utilizes the employees of a related entity. For the fiscal year ended September 30, 2004, the Company paid the related entity $23,327 for it's prorata share of wages and payroll tax costs. For the year ended September 30, 2003, those payments were $21,678.
The Unitrin Multi Lines Insurance segment leases facilities with an aggregate square footage of approximately 265,700 at 10 locations in 7 states. The latest expiration date of the existing leases is July 2007.
The Unitrin Specialty Lines Insurance segment leases facilities with an aggregate square footage of approximately 132,700 at 4 locations in 4 states. The latest expiration date of the existing leases is July 2007.
Unitrin Direct leases facilities with an aggregate square footage of approximately 55,220 at 3
locations in California, Florida and Pennsylvania. The latest expiration date of the existing leases is July 2006.
The financial statements and supplementary data in the 2003 Annual Report to Shareholders are incorporated by reference in this Form 10-K Annual Report.
Management's Discussion and Analysis of Financial Condition and Results of Operations is contained on pages 9-13, 16-18 and 21 of The Liberty Corporation Annual Report to Shareholders and is filed as Exhibit 13 on pages 31 - 38 of this report and is incorporated in this Item 7 by reference.
The Company's Consolidated Financial Statements and Report of Independent Auditors are contained on pages 8, 14, 15, 19, 20, and 22 - 39 of The Liberty Corporation Annual Report to Shareholders and is filed as Exhibit 13 on pages 39 - 61 of this report and are incorporated in this Item 8 by reference.
As of December 31, 1996, leasehold interests of the Company's property-casualty insurance subsidiaries included a total of approximately 6,650,000 square feet of office space at about 302 locations throughout the United States. In addition, TIC owns buildings containing approximately 1,500,000 square feet of office space located in Hartford, Connecticut and vicinity, serving as the home office for TIC and TAP, and TAP leases approximately 1,030,000 square feet of such office space under a ten-year lease that expires on April 1, 2006. TAP also rents from Aetna approximately 373,000 square feet of office space at City Place, located in Hartford, Connecticut, under an eight-year sublease that expires in 2004, and approximately 225,000 square feet of office space in Windsor, Connecticut, under a two-year lease that expires in 1998 and is renewable by TAP for up to two additional three-year terms. The Company's life insurance units also lease approximately 606,000 square feet of office space at about 24 locations throughout the United States, under various leases. TIC and/or TIGI lease two other buildings in Hartford, Connecticut with an aggregate of approximately 707,500 square feet, most of which is subleased to third parties. TIC also owns a building in Norcross, Georgia that is occupied by its information systems department.
SBI leases two buildings, located at 388 and 390 Greenwich Street and totaling approximately 2,300,000 square feet, through 1999. SBI has a purchase option with respect to these properties.
land in North Castle, New York, on which it is constructing an executive conference and planning center, anticipated to be completed in May 1997.
See "Management's Discussion and Analysis of Financial Condition and Results of Operations" beginning on page 33 of the 1996 Annual Report, included as part of Exhibit 13 to this Form 10-K and incorporated herein by reference.
CIGNA's headquarters are located in approximately 50,000 square feet of leased office space at One Liberty Place, Philadelphia, Pennsylvania. CIGNA Group Insurance, CIGNA International, and CIGNA's staff support operations are located in leased premises of approximately 635,000 square feet at Two Liberty Place, Philadelphia. CIGNA HealthCare, CIGNA Reinsurance and CIGNA Investment Management are located in a complex of buildings owned by CIGNA, aggregating approximately 1.4 million total square feet of office space, located at 900-950 Cottage Grove Road, Bloomfield, Connecticut. The Investment operations also lease approximately 35,000 square feet at Four Times Square, New York, New York. CIGNA Retirement & Investment Services is located in approximately 268,000 total square feet of leased office space at 280 Trumbull Street, Hartford, Connecticut. In addition, CIGNA owns or leases office buildings, or parts thereof, throughout the United States and in other countries. For additional information concerning leases and property, see Notes 2(H) and 14 to CIGNA's 1999 Financial Statements included in its Annual Report. This paragraph does not include information on investment properties.
CFC owns the Home Office building located on 75 acres of land in Fairfield, Ohio. This building contains approximately 615,000 square feet. The John J. and Thomas R. Schiff & Company, an affiliated company, occupies approximately 6,750 square feet, and the balance of the building is occupied by CFC and its subsidiaries. The property is carried in the financial statements at $67,781,219 as of December 31, 2000 and is classified as "Land, buildings and equipment for Company use."
CLIC owns a four-story office building in the Tri-County area of Cincinnati containing approximately 102,000 rentable square feet. At the present time, 98% of the building is currently being leased by an unaffiliated tenant. This property is carried in the financial statements at $3,373,047 as of December 31, 2000 and is classified as "Other invested assets."
This information is included in the Annual Report of the Registrant to its shareholders on pages 20 to 28 for the year ended December 31, 2000 and is incorporated herein by reference (see Exhibit 13 to this filing).
HMEC's home office property at 1 Horace Mann Plaza in Springfield, Illinois, consists of an office building totaling approximately 230,000 square feet which is owned by the Company. The Company also owns buildings with an aggregate of approximately 24,000 square feet at other locations in Springfield. The Company leases buildings in Springfield with an aggregate of approximately 87,000 square feet. In addition, the Company leases office space in other states related to claims and agency offices which are smaller in size. These properties are adequate and suitable for the Company's current and anticipated future needs.
The information required by Item 301 of Regulation S-K is contained in the table in Item 1 -- "Business -- Selected Historical Consolidated Financial Data."
The Ohio Casualty Group owns and leases office space in various parts of the country. The principal office buildings consist of facilities owned in Hamilton, Ohio and Fairfield, Ohio.
See Item 14, on pages 31 and 32 of this Form 10-K.
The Corporation publishes forward-looking statements relating to such matters as anticipated financial performance, business prospects and plans, regulatory developments and similar matters. The statements contained in this report that are not historical information, are forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides a safe harbor under The Securities Act of 1933 and The Securities Exchange Act of 1934 for forward-looking statements. The risks and uncertainties that may affect operations, performance, development and results of the Corporation's business and the results of the acquisition described herein,
The Company conducts its operations from approximately 277,000 square feet of space in several buildings which it owns in Webster, Massachusetts, which is located approximately 50 miles west of Boston. The Company's principal administrative offices in Webster consist of recently rehabilitated and newly constructed buildings. Its data processing and claims departments are housed in newly constructed buildings on a separate nine acre site. The Company's new acquisition, Western Pioneer, currently leases approximately 15,000 square feet of office space in Pleasanton, California. Western Pioneer expects to lease up to an additional 5,000 square feet in 1996. For additional information concerning property, see Note D to the Company's 1995 Consolidated Financial Statements, which is incorporated herein by reference from page AR-27 of the Company's 1995 Annual Report.
The five-year financial information under the caption "Selected Consolidated Financial Data" on page AR-37 of the Company's 1995 Annual Report is incorporated herein by reference.
Information required by this item is set forth in the table titled "Five Year Summary" on pages 34 and 35 of the Company's 1997 Annual Report to Shareholders, and is incorporated herein by reference.
Information required by this item is set forth on pages 19 through 33 of the Company's 1997 Annual Report to Shareholders, and is incorporated herein by reference.
Information required by this item is set forth on pages 36 through 57 (consolidated financial statements) and page 58 (independent auditors' report) of the Company's 1997 Annual Report to Shareholders, and is incorporated herein by reference. Reference is made to the index to consolidated financial statements included in Item 14.
Incorporated by reference from Management’s Discussion and Analysis of Financial Condition and Results of Operations beginning on page App.-A-26 of the Annual Report, which is included as Exhibit 13 to this Form 10-K.
HMEC's home office property at 1 Horace Mann Plaza in Springfield, Illinois, consists of an office building totaling approximately 230,000 square feet which is owned by the Company. The Company also owns buildings with an aggregate of approximately 38,000 square feet at other locations in Springfield. The Company leases buildings in Springfield with an aggregate of approximately 84,000 square feet. In addition, the Company leases office space in other states related to claims and agency offices which are smaller in size. These properties are adequate and suitable for the Company's current and anticipated future needs.
Refer to pages 20 through 27, "Management's Discussion and Analysis of Financial Condition and Results of Operations," of the Company's 2001 Annual Report to Shareholders, which are incorporated herein by reference.
This item is incorporated by reference to the Consolidated Financial Statements, "Report of Independent Public Accountants" thereon and "Unaudited Quarterly Financial Data" contained on pages 17 to 31 in the Company's Annual Report to Shareholders for the fiscal year ended September 30, 1996.
The "Management's Discussion and Analysis of Results of Operations and Financial Condition" section from the Company's annual report to stockholders for the year ended December 31, 1995, which is included as Exhibit (13)(B) to this Form 10-K Report, is incorporated herein by reference.
Pursuant to an administrative services agreement with American International Company, Limited ("AICL"), a wholly-owned subsidiary of AIG, IPC is allocated office space in AICL's building in Bermuda and IPC's principal executive offices are located there. The address of the principal executive offices is American International Building, 29 Richmond Road, Pembroke HM 08, Bermuda and its telephone number is (441) 298-5100. In addition, IPC Re Services leases office space located in London, England.
- --------------- (1) Includes gains and losses arising from foreign exchange.
Office space is provided by Prudential, as is described in the Notes to the Financial Statements.
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, 2001, is incorporated herein by reference.
The "Management's Discussion and Analysis" section on pages 3 through 14 of Exhibit 13 representing pages 13 through 24 of the Company's annual report to security holders for the fiscal year ended December 31, 2001, is incorporated herein by reference.
As of December 31, 1999, the Company leased approximately 1.7 million aggregate square feet of space for its principal administrative offices in the greater Minneapolis/St. Paul, Minnesota area and in Hartford, Connecticut. Excluding these areas, as of December 31, 1999, the Company leased approximately 5.7 million aggregate square feet in the United States (including Puerto Rico) and Europe. Such space accommodates health plans, managed care services, specialty programs or satellite administrative offices. The Company's leases expire at various dates through May 31, 2026. As of December 31, 1999, the Company owned approximately 235,000 aggregate square feet of space for administrative offices in various states.
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION
The Company's consolidated financial statements together with the Report of Independent Public Accountants thereon appearing on pages 28 through 43 of the Company's Annual Report to Shareholders for the fiscal year ended December 31, 1999, are incorporated herein by reference.
See Note 8 in the 1996 Annual Report to Shareholders incorporated herein by reference for the amounts of future minimum lease payments. Each of the office facilities occupied by the Company and its subsidiaries are in good condition and adequate for present operations.
Management's Discussion and Analysis of Results of Operations and Financial Condition in the 1996 Annual Report to Shareholders is incorporated herein by reference.
Trenwick's offices in Stamford, Connecticut are occupied pursuant to a lease covering approximately 27,000 square feet of office space located at Metro Center, One Station Place. The lease expires on July 15, 1998.
The other information called for by this item can be found on Pages 29 through 71 of Trenwick's 1995 Annual Report to Stockholders under the captions "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Financial Statements" and is incorporated herein by reference.
The information called for by this item can be found on Pages 29 through 40 of Trenwick's 1995 Annual Report to Stockholders under the caption "Management's Discussion and Analysis of Financial Condition and Results of Operations" and is incorporated herein by reference.
The Registrant's subsidiaries own and occupy office buildings in seven states and certain foreign countries, and lease office space elsewhere in the United States and in various foreign cities. Loss of the use of any owned or leased property, while potentially disruptive, would have no material impact on the Registrant.
The Registrant hereby incorporates by reference "Management's Analysis of Operating Results and Financial Condition" on pages 18 through 24 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 .......................... 25 - 29 Notes to Consolidated Financial Statements ................. 30 - 42 Report of Ernst & Young LLP, Independent Auditors .......... 43 Quarterly Financial Data ................................... 45
Unitrin Direct leases facilities with an aggregate square footage of approximately 132,000 at 6 locations in 5 states. The latest expiration date of the existing leases is in May 2013.
Selected consolidated financial data for the five years ended December 31, 2006 is incorporated herein by reference to the data captioned “Financial Highlights” and filed as Exhibit 13.3 hereto.