felanders/preprocessed huggingface dataset:
The Company's principal executive offices are located in Columbus, Ohio. The Company leases its home office complex, consisting of approximately 468,000 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.
The information required by this Item is incorporated by reference from portions of The PMI Group, Inc. 1997 Annual Report to Shareholders under the heading "Five year Summary of Financial Data" filed as part of Exhibit 13.1.
We lease a 15,684 square foot office building in Syracuse, New York that serves as our headquarters. We also lease 9,471 square feet of space in New York City and 2,539 square feet of space in Rochester, New York that serve as sales offices. We believe that our leased properties are adequate for our current business operations.
Total revenues decreased by $3 million, or 3.5%, from $85 million for the year ended December 31, 2002, to $82 million for the year ended December 31, 2003. This decrease was primarily due to a decline in net earned premiums, resulting from a decline in the rate of renewals for both the group life and the credit life and health business. The decline in renewals for the group life business resulted primarily from our continued pricing discipline. The decline in renewals for the credit life and health business resulted primarily from an adverse regulatory climate that has affected this line of business generally. In 2003, our total net earned premiums were derived 83% from the group life, group dental and group disability business, and 17% from the credit life and health business. In 2002, the group life, group dental and group disability business accounted for 77% of our premiums, and the credit life and health business accounted for 23% of our premiums.
The total policyholder benefit to premium ratio increased from 64% in 2002 to 65% in 2003. Although the group dental, group disability and group life loss ratios were all impacted by the reserve adjustment described above, our overall increase is due primarily to the credit life and health business. In that line of business, the policyholder benefit to premium ratio increased from 39% in 2002 to 60% in 2003, driven by two primary factors. First, we have ceased writing any new single premium life insurance business and the existing policies are in run-off. These policies have an average 36 month term and, in run-off, the net earned premiums decrease more quickly than benefits because of premium cancellations. Second, we are no longer marketing mortgage life insurance, which had a low loss ratio.
Commensurate with the decline in net earned premiums from 2002 to 2003, general and administrative expenses fell from $26 million in 2002 to $24 million in 2003. Our general and administrative expense to premium ratio stayed flat at 22% from 2002 to 2003.
LNC and the various operating businesses headquartered in Fort Wayne lease approximately 1.3 million square feet of office space in the Fort Wayne area. Approximately 1.0 million square feet of space is leased by operating businesses headquartered in Indianapolis, Indiana; Oakbrook Terrace, Illinois; Green Bay, Wisconsin; and Wembley, London England. 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 1.2 million square feet. As shown in the notes to consolidated financial statements, (see note 7 to the consolidated financial statements on page 49) the rental expense on operating leases for office space and equipment for continuing operations totaled $55.9 million for 1993 of which $49.6 million was for office space. This discussion regarding properties does not include information on investment properties.
In 1996, URG agreed to lease approximately 45,000 square feet of office space for its headquarters in Calabasas, California. The lease term is expected to begin in late 1997 upon completion of construction and relocation. Currently, URG leases about 29,000 square feet of office space for its headquarters operations in Woodland Hills, California. All of its five branch office locations are also in leased space, ranging in size from about 3,000 square feet to 6,700 square feet. CUIC leases about 9,400 square feet of office space. All three branch offices of The Center are also in leased space, ranging in size from about 1,100 square feet to 4,600 square feet.
owned and the remainder are leased. Heads and Threads' headquarters in Northbrook, Illinois is owned by Alleghany.
The information required by this Item 8 is incorporated by reference from pages 22 through 37 of Alleghany's Annual Report to Stockholders for the year 1996, filed as Exhibit 13 hereto.
All share and per share information reflects a 3 for 2 stock split, paid on April 15, 1997.
The earnings per share amounts have been restated to comply with the accounting standard, "Earnings per Share".
The information called for by this item can be found in Trenwick's 1998 Annual Report to Stockholders immediately following the section captioned "Management's Discussion and Analysis of Financial Condition and Results of Operations" and to the items included in Item 14(a) of this report, and is incorporated herein by reference.
The "Selected Consolidated Financial Data" section on page 8 of the Company's Annual Report to stockholders for the year ended December 31, 1999, which is included as Exhibit (13) to this Form 10-K Report, is incorporated herein by reference.
The "Management's Discussion and Analysis of Results of Operations and Financial Condition" section on pages 9 to 15 of the Company's Annual Report to stockholders for the year ended December 31, 1999, which is included as Exhibit (13) to this Form 10-K Report, is incorporated herein by reference.
As of December 31, 2007, the Registrant owns a building in Tucker, Georgia where part of its information technology facility is located and certain operations of the Registrant’s U.S. Property & Casualty and Legal Settlement Administration segments. It also owns an office located in Kitchener, Ontario and an additional office location in Stockport, England, both of which are utilized by the Registrant’s International Operations segment. As of December 31, 2007, the Registrant leased approximately 526 office locations under leases with remaining terms ranging from a few months to multiple years. The remainder of its office locations are occupied under various short-term rental arrangements.
The information required by this Item is included in the Registrant’s Annual Report to Shareholders for the year ended December 31, 2007, 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, 2007 under the caption “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and is incorporated herein by reference.
square feet of office space, and 34,000 square feet of additional space under construction. 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 and Peninsula owns a facility of approximately 14,600 square feet in Salisbury, Maryland.
The response to this Item is incorporated by reference to pages 10 through 17 of our Annual Report to Stockholders for the year ended December 31, 2007, which is included as Exhibit (13) to this Form 10-K Report.
The response to this Item is incorporated by reference to pages 18 through 35 of our Annual Report to Stockholders for the year ended December 31, 2007, which is included as Exhibit (13) to this Form 10-K Report.
The response to this Item is incorporated by reference to pages 10 through 18 of our Annual Report to Stockholders for the year ended December 31, 2006, which is included as Exhibit (13) to this Form 10-K Report.
The response to this Item is incorporated by reference to pages 19 through 37 of our Annual Report to Stockholders for the year ended December 31, 2006, which is included as Exhibit (13) to this Form 10-K Report.
(3) Includes gain of $67 ($.13 per basic share, $.12 per diluted share) due to a reduction in deferred tax liabilities from a tax rate cut in Japan and a charge of $41 ($.08 per basic share, $.07 per diluted share) for the policyholder protection fund in 1999 in Japan; (4) Includes gain of $121 ($.23 per basic share, $.22 per diluted share) due to a reduction in deferred income tax liabilities from a tax rate cut in Japan and a charge of $65 ($.12 per basic and diluted share) for the policyholder protection fund in 1998 in Japan
The Registrant hereby incorporates by reference "Financial and Operations Highlights - Management's Discussion and Analysis" on pages 14 through 30 and "Information Concerning Forward-Looking Statements" on the inside back cover 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 ...................... 31 - 35 Notes to Consolidated Financial Statements .......... 36 - 50 Report of Ernst & Young LLP, Independent Auditors ...... 51 Quarterly Financial Data ............................. 53
The principal executive offices of Ambac Financial Group are located at One State Street Plaza, New York, New York 10004. The telephone number is (212) 668-0340.
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 4 and 5 and pages 6 and 7, respectively, of Ambac Financial Group’s 2002 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 65 of such Annual Report.
The Company’s principal executive office is located in Irvine, California in approximately 12,000 square feet of leased space. The lease expires in January 2020. The Company leases approximately 92 branch offices in 45 states, which range in size from 500 square feet up to 26,000 square feet. The lease terms for the branch offices range from monthly to ten years and expire through 2020. The Company believes that its facilities are adequate for its current needs and that suitable additional space will be available as required.
As a result of the completion of the Business Combination on November 30, 2017, our Consolidated Financial Statements included elsewhere in the Annual Report are presented: (i) as of December 31, 2019 and for the year ended December 31, 2019; (ii) as of December 31, 2018 and the year ended December 31, 2018; (iii) for the period December 1, 2017 to December 31, 2017; (iv) for the period October 1, 2017 to November 30, 2017 (Predecessor); (v) for the unaudited period October 1, 2016 to December 31, 2016 (Predecessor); and (vi) for the year ended September 30, 2017 (Predecessor). In this Management’s Discussion and Analysis of Financial Condition and Results of Operations, we present the Predecessor’s year ended September 30, 2017 results. We believe this discussion provides helpful information with respect to performance of our business during those respective periods. In Management’s Discussion and Analysis of Financial Condition and Results of Operations included within this Form 10-K, we discuss consolidated financial results for the year ended December 31, 2019 compared to the year ended December 31, 2018. Discussion for the period December 1, 2017 to December 31, 2017, the period October 1, 2017 to November 30, 2017 (Predecessor), the unaudited period October 1, 2016 to December 31, 2016 (Predecessor), and the year ended September 30, 2017 (Predecessor) is included within our Annual Report on Form 10-K for the year ended December 31, 2018.
Incorporated by reference from Management’s Discussion and Analysis of Financial Condition and Results of Operations in our Annual Report.
Management's Discussion and Analysis of Financial Condition and Results of Operations ("Management Narrative")....... 7-1
FINANCIAL STATEMENTS AND 13-25 to 37 - 52 SUPPLEMENTARY DATA 13-64
Management's Discussion and Analysis of Financial Condition and Results of Operations appears on pages 5-20 in the Annual Report to the Stockholders for the year ended December 31, 2014, and is incorporated herein by reference.
The Company's operating leases expire on various dates. These leases generally contain renewal options and escalation clauses based on increases in the lessors' operating expenses and other charges. The Company expects that most leases will be renewed or replaced upon expiration. From time to time, the Company may have unused space and seek to sublet such space to third parties, depending on the demand for office space in the locations involved. See Note 12 of the "Notes to Consolidated Financial Statements" in the Company's 2000 Annual Report to Shareholders for additional information on the Company's lease commitments.
All buildings and equipment owned or leased by the Registrant are considered by the Registrant to be well maintained, adequately insured and generally sufficient for the Registrant's purposes. Substantially all of the Registrant's owned real property above is subject to mortgages.
Selected financial data have been included on Page 18 of the Registrant's Annual Report to Stockholders for the year ended December 31, 1996, and such information is incorporated herein by reference.
The Company owns three of its field offices. Three field offices are owned by and leased from the Exchange. The annual rent expense incurred by the Company for the field offices and home office complex totaled $10,702,752 in 2000. One office is owned by and leased from EFL at an annual rental in 2000 of $308,732. The remaining 14 offices are leased from various unaffiliated parties at an aggregate annual rental in 2000 of approximately $1,556,473. Total rent and operating expenses for all office space occupied by the Company in 2000 was $18,203,686, of which $10,947,913, or approximately 60%, was reimbursed for office space used by it's affiliates.
Reference is made to "Selected Consolidated Financial Data" on page 15 of the Annual Report for the year ended December 31, 2000, 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, 2000, incorporated herein by reference.
Further details of the calculation of basic earnings per share are set forth in notes 2 and 23 of the consolidated financial statements for the years ended December 31, 2003, 2002 and 2001.
For the consolidated financial statements as of December 31, 2003 and 2002 for the three years ended December 31, 2003 see Index to financial statements in “Item 15. Exhibits, Financial Statement Schedules, and Reports on Form 8-K” to this Form 10-K.
AFLAC owns an 18-story office building, which is the worldwide headquarters of the Parent Company and AFLAC, along with a six-story parking garage. These structures are located on approximately 14 acres of land in Columbus, Georgia. In 1997, the Company began construction of a new five- story administrative office building located on the same property. The building is expected to be completed in the fall of 1998 at an estimated cost of $15 million. The Company also owns two additional buildings located on the same property. AFLAC also owns administrative office buildings located nearby. AFLAC New York occupies leased office space in Albany, New York.
MANAGEMENT'S DISCUSSION AND 13-5 to 28 - 38 ANALYSIS OF FINANCIAL CONDITION 13-28 AND RESULTS OF OPERATIONS
As of December 31, 2003, we leased approximately 6.6 million and owned approximately 250,000 aggregate square feet of space in the United States and Europe. Our leases expire at various dates through May 31, 2025. Our various segments use this space exclusively for their respective business purposes and we believe these current facilities are suitable for their respective uses and are adequate for our anticipated future needs.
The information contained under the heading “Financial Highlights” in our Annual Report to Shareholders for the fiscal year ended December 31, 2003, is incorporated herein by reference.
The information contained under the heading “Results of Operations” in our Annual Report to Shareholders for the fiscal year ended December 31, 2003, is incorporated herein by reference.
PROPERTIES. - ------- ----------- The Company does not own any real property. Lease costs of the Company's office facilities in Oak Brook, Illinois and Bismarck, North Dakota, which total approximately $382,000 and $283,000 annually, are included as expenses under the pooling agreement. Expenses of office facilities owned and leased by Employers Mutual are borne by the parties to the pooling agreement, less the rent received from the space used and paid for by non-insurance subsidiaries and outside tenants. See "Property and Casualty Insurance - Pooling Agreement" under Item 1 of this Form 10-K.
SELECTED FINANCIAL DATA. - ------- ------------------------ The "Selected Financial Data" section from the Company's Annual Report to Stockholders for the year ended December 31, 2001, which is included as Exhibit 13(a) to this Form 10-K, is incorporated herein by reference.
See pages 14 and 15 of the Annual Report to Shareholders for the fiscal year ended December 31, 1996.
The Company's headquarters are located at 440 Lincoln Street, Worcester, Massachusetts, and consist primarily of approximately 761,110 rentable square feet of office and conference space owned in fee and includes the headquarters of Hanover.
Pursuant to an administrative services agreement with AICL, IPC Holdings and IPCRe are allocated office space in AICL’s building in Bermuda and our executive offices are located there. The address of our executive offices is 29 Richmond Road, Pembroke HM 08, Bermuda and our telephone number is (441) 298-5100.
Return on average equity is calculated as the annual net income (loss), available to common shareholders divided by the average of the common shareholders’ equity, which is total shareholders’ equity, excluding mandatory convertible preferred shares, on the first and last day of the respective year.
Diluted book value per common share is calculated as shareholders’ equity divided by the number of common shares outstanding on the balance sheet date, after considering the dilutive effects of stock grants, options granted to employees and convertible preferred shares, calculated using the treasury stock method. At December 31, 2006 the average weighted number of shares outstanding, including the dilutive effect of employee stock options, stock grants and convertible preferred shares using the treasury stock method was 71,248,479.
All of our properties are owned or leased by subsidiaries of The Progressive Corporation.
The building in Tempe, Arizona is also partially used as a claims service center. In addition, we own 33 buildings and lease another 19 to provide concierge-level claims service at various locations throughout the United States. In total, these additional buildings contain approximately .8 million square feet. We will continue to expand this service into 2007 and 2008, although at a slower pace, with approximately 18 new sites expected to be opened.
We lease approximately 1.3 million square feet of office and warehouse space at various locations throughout the United States for our business units and corporate functions. In addition, we lease approximately 475 claims offices, consisting of approximately 3.5 million square feet, at various locations throughout the United States. These leases are generally short-term to medium-term leases of standard commercial office space.
Incorporated by reference from Management’s Discussion and Analysis of Financial Condition and Results of Operations beginning on page App.-A-28 of the Annual Report, which is included as Exhibit 13 to this Form 10-K.
The Consolidated Financial Statements of Progressive, along with the related notes, supplementary data and report of the independent registered public accounting firm, are incorporated by reference from the Annual Report, which is included as Exhibit 13 to this Form 10-K.
The home office of Aetna, owned by Aetna Life Insurance Company, is a building complex located at 151 Farmington Avenue, Hartford, Connecticut, with approximately 1.6 million square feet. The company also owns or leases other space in the greater Hartford area as well as various field locations throughout the country. The company expects to vacate certain of these facilities in 1994 (please see MD&A - Overview in the Annual Report).
CIGNA's headquarters are located in approximately 50,000 square feet of leased office space at One Liberty Place, Philadelphia, Pennsylvania. CIGNA Domestic Property & Casualty, CIGNA International Property & Casualty, CIGNA Group Insurance: Life, Accident, Disability, and CIGNA International Employee Benefits and Life Insurance are located in a leased building of approximately 1.25 million total 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. 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
CIGNA's Consolidated Financial Statements on pages 25 through 49 and the report of its independent accountants on page 50 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 51.
The home office of the Company is a building complex located at 151 Farmington Avenue, Hartford, Connecticut that is approximately 1.2 million square feet in size. The home office is used by all the Company’s business segments. The Company also owns or leases other space in the greater Hartford area; Blue Bell, Pennsylvania; as well as various field locations throughout the country. Such properties are primarily used by the Company’s Health Care segment. The Company believes its properties are adequate and suitable for its business as presently conducted.
See the information in 'Reliance Financial Services Corporation and Subsidiaries Financial Review' on pages 27 through 32 of the Reliance Financial 1994 Annual Report, which information is incorporated herein by reference.
The Company's consolidated financial statements together with the Report of Independent Public Accountants thereon appearing on pages 20 through 34 of the Company's Annual Report to Shareholders for the fiscal year ended December 31, 1997, are incorporated herein by reference.
All references to Fiscal 2015, 2014 and 2013 refer to fiscal periods ended September 30, 2015, 2014 and 2013, respectively.
Since FGLH's acquisition by HFG on April 6, 2011 (the "FGLH Acquisition"), we have made several significant changes to our business. We have ceded the majority of our traditional life insurance business, with the exception of the return of premium rider benefit to Wilton Re. In addition, we have transferred the risk of the lifetime guarantee on a large portion of the universal life insurance line of business to Wilton Re. We reduced the number of our product offerings to concentrate on capital efficient products, and to this end we have launched several new FIA products. Further, we began managing a significant portion of our investment portfolio internally. Over the past several quarters we have reduced our exposure to the lowest yielding floating rates assets in favor of higher yielding assets with both fixed and floating rate characteristics. These changes have positively impacted our recent net income and profitability.
In setting the features and pricing new FIA products relative to our targeted net margin, we take into account our expectations regarding (1) net investment spread, which is the difference between the net investment income we earn and the sum of the interest credited to policyholders and the cost of hedging our risk on the policies; (2) fees, including surrender charges and rider fees, partly offset by vesting bonuses that we pay our policyholders; and (3) a number of related expenses, including benefits and reserves, acquisition costs, and general and administrative expenses.
St. Paul Fire and Marine Insurance Company owns The St. Paul's corporate headquarters buildings, located at 385 Washington Street and 130 West Sixth Street, Saint Paul, Minnesota. These buildings are adjacent to one another and connected by skyway, and consist of approximately 1.1 million square feet of gross floor space. St. Paul Fire and Marine Insurance Company also owns a building in Freeport, Illinois that houses a portion of its personal insurance operations.
St. Paul International Insurance Company Ltd. owns a building in London, England which houses a portion of its operations. As part of the agreement to sell its brokerage operation, Minet, to Aon in 1997, The St. Paul retained ownership of two former Minet buildings in London and is currently leasing office space in those buildings to Aon.
The "Eleven-year Summary of Selected Financial Data" included in the Form 8-K Current Report dated February 26, 1998 is incorporated herein by reference.
The following table sets forth selected financial information for the Trust. The financial information for the years ended December 31, 2002 and 2001 and for the period April 7, 2000 (date of inception) to December 31, 2000 and at December 31, 2002 and 2001 has been derived from the Trust's audited financial statements included elsewhere herein. The financial information at December 31, 2000 has been derived from the Trust's audited financial statements not included herein. The following statements of changes in net assets and balance sheet data have been prepared in conformity with accounting principles generally accepted in the United States of America. The following information should be read in conjunction with and is qualified entirely by the information contained in "Management's Discussion and Analysis of Financial Condition and Results of Operations," and the financial statements appearing elsewhere herein.
The Trust Agreement provides the Trustee with directions as to the manner in which to vote, assent or consent the Trust Shares at all times during the term of the Trust. On all matters brought for a vote before the stockholders of the Holding Company, with the exception of a Beneficiary Consent Matter (as defined in the Trust Agreement), the Trustee will vote in accordance with the recommendation given by the Board of Directors of the Holding Company to its stockholders or, if no such recommendation is given, as directed by the Board. On all Beneficiary Consent Matters, the Trustee will vote all of the Trust Shares in favor of, in opposition to or abstain from the matter in the same ratio as the Trust Interests of the Beneficiaries that returned voting instructions to the Trustee indicated preferences for voting in favor of, in opposition to or abstaining from such matter. The Trust Agreement also contains provisions allowing Beneficiaries to instruct the Custodian to withdraw their allocated Trust Shares to participate in any tender or exchange offer for the
The Company's consolidated financial statements are contained in the Annual Report and are incorporated herein by reference in response to this item. Reference is made to Item 14(a) of this Form 10-K for the Financial Statement Schedules.
In addition, the Corporation leases approximately 120 offices in various cities in the regular course of business. See Note 6 of Notes to the Consolidated Financial Statements. The principal leased property is a 40-story home office building in Baltimore, Maryland, sold in 1984 and leased back by the Corporation. During 1994, the Corporation committed to a plan to consolidate its home office operations in Baltimore, Maryland at its Mount Washington facility. The facilities exit costs of $183 million represent the present value of the rent and other operating expenses to be incurred under the lease on the Corporation's principal office building from the time USF&G vacates the building through the expiration of the lease in 2009. (Refer to Note 6 of the Notes to Consolidated Financial Statements in the Corporation's 1994 Annual Report to Shareholders.)
The information contained in "Selected Financial Data" on Page 21 of the Company's 1999 Annual Report is incorporated herein by reference.
The 1999 Financial Statements and the Company's Independent Auditors' Report on pages 30 through 43 of the Company's 1999 Annual Report are incorporated herein by reference, as is the unaudited information set forth in the Notes to the Financial Statements under the caption "Quarterly Results of Operations (Unaudited)" on pages 42 through 43.
The consolidated financial statements of the Company, the Report of Independent Accountants thereon by Coopers & Lybrand L.L.P. and the unaudited "Quarterly Financial Information" are set forth on pages 25-43 of the Company's 1995 Annual Report to Shareholders and are incorporated by reference.
The home office of the Company is a building complex located at 151 Farmington Avenue, Hartford, Connecticut, with approximately 1.2 million square feet. The Company also owns or leases 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.
MAIN OFFICES. The main office of the Company, Liberty Life, Pierce National, Liberty Insurance Services, 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.
Cosmos owns its television broadcast studios, office buildings and transmitter sites in Columbia, SC; Montgomery, AL; Toledo, OH; Louisville, KY; Evansville, IN; Jonesboro, AR; Lake Charles, LA; and Biloxi, Mississippi.
The Company's Consolidated Financial Statements and Report of Independent Auditors are contained on pages 6, 12, 13, 17, 18, and 20-35 and of The Liberty Corporation Annual Report to Shareholders and is filed as Exhibit 13 on pages 45-66 of this report and are incorporated in this Item 8 by reference.
See Note 9 to the Financial Statements 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 1997 Annual Report to Shareholders is incorporated herein by reference.
The supplementary data (Selected Quarterly Operating Results) in the 1997 Annual Report to Shareholders is incorporated herein by reference.
The information under the heading "Selected Financial and Statistical Data" as set forth on pages 32-33 of the Company's 1996 Annual Report to Shareholders is incorporated by reference.
Selected financial data for the past five years appears on page 19 in the 	Annual Report to the Stockholders for the year ended December 31, 2006, and 	is incorporated herein by reference.
Management's Discussion and Analysis of financial condition and results 	of operations appears on pages 6-19 in the Annual Report to the Stockholders 	for the year ended December 31, 2006, and is incorporated herein by 	reference.
The Company occupies leased space in Schaumburg, Illinois where its principal executive offices are located. The Company shares its principal executive offices with IAS. IAS has eleven individual leases in locations where it maintains sales and service offices. IIC leases space in London where a branch office is maintained. Intercargo Insurance Company H.K. Ltd. leases office space in Hong Kong.
The Selected Financial Data are contained in the Registrant's 1996 Annual Report to Stockholders under the heading "Selected Financial Data," which is incorporated herein by reference.
The consolidated financial statements and related notes required in response to this item are contained in the Registrant's 1996 Annual Report to Stockholders, which financial statements and notes are incorporated herein by reference.
The Registrant hereby incorporates by reference the "Selected Financial Data" table on page 44 of the Annual Report.
MMC and certain of its subsidiaries, including Marsh USA Inc. and William M. Mercer, Incorporated, as tenants in common, own a 69% condominium interest in a 44-story building in the midtown Manhattan area of New York City, which serves as their worldwide headquarters. MMC has a fixed rate nonrecourse mortgage note agreement due in 2009 amounting to $200 million, bearing an interest rate of 9.8%, with the notes secured by MMC's interest in its worldwide headquarters. In the event the mortgage is foreclosed following a default, MMC would be entitled to remain in the space and would be obligated to pay rent sufficient to cover interest on the notes or at fair market value if greater.
The principal offices of MMC's risk and insurance services subsidiaries in the UK are located on the eastern side of the City of London in The Marsh Centre. This freehold building, comprising 360,000 square feet containing offices located around a central atrium, was sold by a subsidiary of MMC in 2001. The office space in the Marsh Centre
Putnam's principal executive offices comprise approximately 313,000 square feet of leased space located at One Post Office Square, Boston, Massachusetts in Boston's financial district. Putnam leases an additional 850,000 square feet in various locations around the Boston area in support of its operations.
The Company and its subsidiaries, the Exchange and its subsidiary, Flagship, and EFL share a corporate home office complex in Erie, Pennsylvania which contains 549,786 square feet and is owned by the Exchange. At December 31, 2001 in addition to the Erie branch office, the Company also operated 22 additional field offices in 11 states. Of these sites, 17 provide both agency support and claims services and are referred to as "Branch Offices", while the remaining 5 provide only claims services and are considered "Claims Offices".
Reference is made to "Management's Discussion and Analysis of Financial Condition and Results of Operations" on pages 16 through 26 of the Annual Report for the year ended December 31, 2001, incorporated herein by reference.
The foregoing does not include numerous investment properties that we hold in our general and separate accounts.
Management's Discussion and Analysis of financial condition and results of operations appears on pages 13-24 in the Annual Report to the Stockholders for the year ended December 31, 2001, and is incorporated herein by reference.
As of December 31, 2006, the Registrant owns a building in Tucker, Georgia where part of its information technology facility is located. It also owns an office located in Kitchener, Ontario and an additional office location in Stockport, England. As of December 31, 2006, the Registrant leased approximately 526 office locations under leases with remaining terms ranging from a few months to ten years. The remainder of its office locations are occupied under various short-term rental arrangements.
The information required by this Item is included in the Registrant’s Annual Report to Shareholders for the year ended December 31, 2006, under the captions “Consolidated Statements of Income”, “Consolidated Balance Sheets”, “Consolidated Statements of Shareholders’ Investment and Comprehensive Income (Loss)”, “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”, and is incorporated herein by reference.
The Company's physical properties consist primarily of leases of commercial office space. At December 31, 1998, the Company leased 370,000 square feet of office space, including 217,000 square feet at its three primary locations, Dallas, London, and Minneapolis. The Company considers its properties to be adequate for its present and reasonably foreseeable requirements.
The information required by Item 7(a) is incorporated herein by reference to the section entitled "Market Risk" on pages 27 through 28 of the Company's 1998 Annual Report to Shareholders.
The information required by Item 8 is incorporated herein by reference to pages 30 through 45 of the Company's 1998 Annual Report to Shareholders.
Management's Discussion and Analysis of Financial Condition and Results of Operations appears on pages 5-21 in the Annual Report to the Stockholders for the year ended December 31, 2015, and is incorporated herein by reference.
The consolidated financial statements and notes appear on pages 23-58 in the Annual Report to the Stockholders for the year ended December 31, 2015, and are incorporated herein by reference. See Part IV, Item 15.
TPG leases its home office in San Francisco, California, which consists of approximately 100,000 square feet of office space. The San Francisco lease expires on December 31, 2004. In addition, TPG leases space for 34 PMI field offices. Such field office leases cover an average of approximately 4,300 square feet and have terms of not more than five years. During 1997, PMI established its Certificate Priority Center, which is located in Dallas, Texas. The CPC consists of approximately 18,000 square feet of office space.
The information required by this Item is incorporated by reference from portions of The PMI Group, Inc. 1999 Annual Report to Stockholders under the heading "Management Discussion and Analysis" as part of Exhibit 13.1.
The Company owns three office buildings having an aggregate 457,000 square feet in Blue Bell, Pennsylvania. These buildings house the Company's headquarters and much of its administrative and customer service operations. The Company also owns and occupies a 110,000 square foot office building in Fairfield, New Jersey, which houses certain regional activities, and a 65,000 square foot warehouse near its headquarters. The Company leases an aggregate 490,000 square feet of office space in sixteen other facilities housing other regional and branch offices, additional warehouse space and additional member relations and provider payments personnel.
CIGNA's headquarters are located in approximately 90,240 total square feet of leased office space at One Liberty Place, Philadelphia, Pennsylvania. CIGNA Property & Casualty, CIGNA Reinsurance -- Property & Casualty, CIGNA Group Insurance -- Life - Accident - Disability, and CIGNA International are located in a leased building of approximately 1.25 million total square feet at Two Liberty Place, Philadelphia. CIGNA HealthCare, CIGNA Individual Insurance, CIGNA Reinsurance -- Life - Accident - Health and CIGNA Investment Management are located in a complex of buildings owned by CIGNA, aggregating approximately 1.15 million total square feet of office space, located at 900-950 Cottage Grove Road, Bloomfield, Connecticut. CIGNA's Retirement & Investment Services operations are located in approximately 230,000 total square feet of leased office space at Metro Center One, Hartford, Connecticut. In addition, CIGNA owns or leases office buildings, or parts thereof, throughout the United States and in other
In addition, the Company owns buildings in Louisville, Kentucky, San Antonio, Texas, and Green Bay, Wisconsin, and leases facilities in Jacksonville, Florida, 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.
Properties. Incorporated by reference to the inside front cover and pages 2 through 11 of the Registrant's 1996 Annual Report to Shareholders.
Selected Financial Data. Incorporated by reference to page 13 of the Registrant's 1996 Annual Report to Shareholders.
Management's Discussion and Analysis of Financial Condition and Results of Operations. Incorporated by reference to pages 14 and 15 of the Registrant's 1996 Annual Report to Shareholders.
Financial Statements and Supplementary Data. Incorporated by reference to pages 12 and 16 through 27 of the Registrant's 1996 Annual Report to Shareholders.
In connection with its insurance operations, Consumers Life Insurance Company maintains a branch office in leased facilities in Philadelphia, Pennsylvania. The branch office primarily provides supervision, sales and service for credit insurance agents doing business in the eastern Pennsylvania, Delaware and New Jersey areas. Annual rental for this office is $27,000.
Investors Fidelity Life Assurance Corp. maintains an office in leased facilities in Columbus, Ohio. This office primarily provides sales support and supervision for credit insurance agents in the State of Ohio. Annual rental for this office is $12,000 plus insurance, taxes and utilities. Interstate's auction facilities are situated on approximately 50 acres of land owned by Interstate. The auction building contains approximately 44,500 square feet which includes seven auction lanes, a restaurant and various lounges and other amenities.
The information contained in the MD&A in the Annual Report is incorporated herein by reference.
The Registrant's subsidiaries own and occupy office buildings in eight 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 the following statements, notes and data from the Annual Report. Page(s) ------- Consolidated Financial Statements ........................... 24-28 Notes to Consolidated Financial Statements................... 29-40 Report of Ernst & Young LLP, Independent Auditors............ 41 Quarterly Financial Data .................................. 43
The Company’s principal executive office is located in Irvine, California in approximately 6,600 square feet of leased space. The lease expires in September 2007. The Company leases 125 branch offices in 49 states, which range in size from 1,000 square feet up to approximately 16,000 square feet. The lease terms for the branch offices range from monthly to ten years and expire through 2014. The Company believes that its facilities are adequate for its current needs and that suitable additional space will be available as required.
The selected consolidated financial data of the Company appears in a separate section of this Annual Report on Form 10-K on page 39 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 51 and are incorporated herein by this reference. The financial statement schedule is included below under Item 15.
Incorporated by reference to pages 20 through 31 of Midland’s 2004 Annual Report to Shareholders.
The Company's principal executive offices are located in Columbus, Ohio. The Company leases its home office complex, consisting of approximately 491,000 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.
The Property and Casualty Group leases facilities at 28 locations in 12 states with an aggregate of approximately 328,000 square feet. The expiration date of the longest current lease is September 2006.
Fireside Thrift occupies 40 leased facilities with an aggregate of approximately 130,000 square feet. The longest term of the current leases expires in August 2001.
Health segment and by $3.2 million in the Property and Casualty segment. The effect of this transaction on operating profit is not material.
The Financial Statements (including their related notes and the report thereon of KPMG Peat Marwick LLP), are incorporated herein by reference to Exhibit 13.1 hereto.
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 $747,782 as of December 31, 1993.
CFC-I also owns the Home Office building located on 75 acres of land in Fairfield, Ohio. This building contains approximately 380,000 square feet. The John J. and Thomas R. Schiff & Company occupies approximately 5,300 square feet, and the balance of the building is occupied by CFC and its subsidiaries. The property is carried in the financial statements at $13,024,736 as of December 31, 1993.
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 78% of the building, and the balance is currently available for lease. The property is carried in the financial statements at $10,415,112 as of December 31, 1993.
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, 1993 and is incorporated herein by reference (see Exhibit 13 to this filing).
This information is included in the Annual Report of the Registrant to its shareholders on pages 31 and 32 for the year ended December 31, 1993 and is incorporated herein by reference (see Exhibit 13 to this filing).
(b) Supplementary Data Selected quarterly financial data, included in the Annual Report of the Registrant to its shareholders on Page 1 for the year ended December 31, 1993, is incorporated herein by reference (see Exhibit 13 to this filing).
Selected Financial Data is included on Page 23 of Tenere's 1996 Annual Report to Stockholders and is incorporated by reference herein.
The following is supplementary financial information of Tenere or RCA for each of the fiscal quarters in the years ended December 31, 1996 and 1995.
(2) The increase in net premiums earned in the fourth quarter of 1995 is due to a year-end reduction in the death, disability and retirement reserve as claims-paid policies converted to claims-made.