felanders/preprocessed huggingface dataset:
We also operate from approximately 1,212 administrative, data processing, claims handling and other support facilities in North America. Approximately 3.2 million square feet are owned and 7.6 million are leased. Generally, only major facilities are owned. In almost all cases, lease terms are for five years or less.
Incorporated in this Item 6 by reference to "11-Year Summary of Selected Financial Data" beginning on page C-2 of Appendix C to the Proxy Statement.
Incorporated in this Item 7 by reference to the "Management's Discussion and Analysis of Financial Condition and Results of Operations" beginning on page C-4 of Appendix C to the Proxy Statement.
The Registrant owns three office buildings in downtown Minneapolis, Minnesota, which serve as its home offices. Space in the home office buildings not used by the Registrant is rented to other tenants. Additional office space is leased in Seattle, Washington; Arlington, Virginia; Avon, Connecticut; and Woodbury, New York, to conduct the operations of the Insurers. In addition, the Registrant owns the headquarters of ReliaStar Bank in St. Cloud, Minnesota and leases space in various cities of the United States and Europe for regional group, reinsurance, pension and claims offices and other business units.
The consolidated financial statements and supplementary data from pages 29 through 53, but not including the Report of Management from page 53 included in the Registrant's Annual Report for the year ended December 31, 1998, is attached as Exhibit 13 hereto and are incorporated herein by reference.
The Company is headquartered in Richmond, Virginia, where it owns a four-story building with 268,000 square feet of office space. The Company also owns an office facility and warehouse in Roanoke, Virginia with 190,500 square feet. The Company leases additional office space totaling 570,400 square feet in Richmond, 125,500 square feet in Roanoke and other locations in Virginia and 3,300 square feet combined in Maryland, Pennsylvania and Delaware. These properties are primarily used by the health insurance segment for operations and for corporate administration. The Company also owns a 70,800 square foot office facility in Fayetteville, North Carolina that is for sale.
Square footage utilized by segment as of December 31, 2001 was as follows: health insurance, 953,700; government programs, 29,000; investments, 3,900; and other reportable segments, 41,100. The remaining 130,000 square feet utilized by the Company was used for corporate administration.
In 2001, the Company announced a four-year $84 million building project to expand its headquarters in Richmond, VA. The expansion plan includes construction of a 308,000 square foot building to house the operations center and major renovation to the existing headquarters building. The project will be funded with internal cash and investments.
Refer to pages 18 and 19, "Selected Consolidated Financial and Operating Data," of the Company's 2001 Annual Report to Shareholders, which are incorporated herein by reference.
Refer to pages 29 through 55, the Consolidated Financial Statements, page 56, "Independent Auditors' Report," and page 17, "Quarterly Financial Information," of the Company's 2001 Annual Report to Shareholders, which are incorporated herein by reference.
We also own: seven other buildings in Cleveland, Ohio suburbs near the corporate office complexes; four buildings in Tampa, Florida; five buildings in Colorado Springs, Colorado; and a building in each of the following cities: Albany, New York; Ft. Lauderdale, Florida; Plymouth Meeting, Pennsylvania; Tempe, Arizona; and Tigard, Oregon. Two of these buildings are partially leased to non-affiliates. In total, these buildings contain approximately 2.0 million square feet of office, warehouse, and training facility space. These facilities are occupied by our business units or other supporting operations and are not segregated by industry segment. We also own 57 acres of vacant land in Mayfield Village and 15 acres in Colorado Springs near our corporate facilities.
Since we reported a net loss for 2008, the calculated diluted earnings per share was antidilutive; therefore, basic earnings per share is disclosed. For all other periods, diluted earnings per share is disclosed.
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized on this 27th day of March 1998.
/s/ ROGER H. EIGSTI ------------------------------------------- Roger H. Eigsti, Chairman and Chief Executive Officer
We also consent to the incorporation by reference in Registration Statement (Form S-8 No. 333-26393) pertaining to the SAFECO Long-Term Incentive Plan of 1997 of our report dated February 13, 1998, with respect to the consolidated financial statements of SAFECO Corporation incorporated by reference, and our report included in the preceding paragraph with respect to the financial statement schedules, in this Annual Report (Form 10-K) for the year ended December 31, 1997 of SAFECO Corporation.
SAFECO CORPORATION AND SUBSIDIARIES Exhibit Index (continued) - - - --------------------------------------------------------------------------------
The following are incorporated herein by reference to the 1995 Annual Report:
Consolidated Statements of Operations for each of the three years in the period ended December 31, 1995.
Consolidated Statements of Stockholders' Equity for each of the three years in the period ended December 31, 1995.
Consolidated Balance Sheet - December 31, 1993 and 1992 Statement of Consolidated Operations - Year Ended December 31, 1993, 1992 and 1991 Statement of Consolidated Stockholders' Equity - Year Ended December 31, 1993, 1992 and 1991 Statement of Consolidated Cash Flows - Year Ended December 31, 1993, 1992 and 1991 Notes to the Consolidated Financial Statements Independent Auditors' Report
The above Consolidated Financial Statements, the related Notes to the Consolidated Financial Statements and the Independent Auditors' Report are incorporated herein by reference from pages 22 through 54 of the 1993 Annual Report to Shareholders.
Management's Discussion and Analysis of Financial Condition and Results of Operations................. 7-1
The sale of Dixie Life to Standard was completed on October 2, 1995 and solved significant liquidity problems which the Corporation had faced for several years. These problems were discussed in previous Form 10-K Annual Reports and Form 10-Q Quarterly Reports of the Corporation and in its Proxy Statement for the 1995 Annual Meeting of Shareholders held on September 19, 1995, at which the sale of Dixie Life was approved by its Shareholders.
At December 31, 1995, Vanguard owed a bank approximately $428,835 under a mortgage loan secured by the former home office building of the Corporation and Dixie Life. Under a lease agreement, Standard is obligated to pay Vanguard rent sufficient to cover the debt service under the mortgage until December 31, 1996.
On October 2, 1995, the Corporation completed the sale of Dixie Life, which was 99.3% owned by the Corporation, to Standard. Prior to its sales, Dixie Life represented virtually all of the Corporation's assets and operations. The selling price of the Corporation's interest in Dixie Life to Standard was $7,389,086, of which $3,646,468 was in cash. The Corporation used $1,720,000 of the cash proceeds to repay Subordinated Convertible Notes and to purchase from Dixie Life lease receivables of $503,258. Standard canceled a $3,688,746 note payable of the Corporation held by a subsidiary of Standard. The Corporation also received accounts receivable of $53,872, all of which have been written off as uncollectible at December 31, 1995.
The Company incurred a net loss of $ 6,849,572 in 1995 compared to a net loss of $2,554,779 in 1994 and a net loss of $957,138 in 1993. On a per-share basis the net loss for 1995 was $.65 compared to a net loss of $.39 in 1994 and a net loss of $.15 in 1993.
Total revenues for 1995 were $5,032,537 compared to $11,651,000 in 1994 and $21,530,000 in 1993.
In 1995, every expense category experienced a significant decrease. The decreases in benefits and claims to policyholders, amortization of deferred policy acquisition costs and commissions resulted from the sale of Dixie Life Insurance Company.
The Company leases office space for its sales force throughout the United States. The leased property houses agency offices and group insurance sales offices. Hanover and Citizens also lease offices throughout the country for its field employees.
Reference is made to the "Five Year Summary of Selected Financial Highlights" on page 21 of the 2000 Annual Report to Shareholders, which is incorporated herein by reference.
Selected Financial Data Selected financial data for the past five years appears on page 29 in the Annual Report to the Stockholders for the year ended December 31, 1995, and is incorporated herein by reference.
Management's Discussion and Analysis of financial condition and results of operations appears on pages 9-21 in the Annual Report to the Stockholders for the year ended December 31, 1995, and is incorporated herein by reference.
The information set forth on pages 17 through 25 of the Company's 2001 Annual Report is incorporated herein by reference.
WNC's home office building is a five-story, 175,000 square-foot office building located at 300 Tower Parkway, Lincolnshire, Illinois, that was first occupied by WNC in May, 1993. The building is being leased for a period of twenty years from a joint venture partnership in which WNIC has a one-third interest.
Management's Discussion and Analysis of Financial Condition and Results of Operations on pages 15 through 26 of the 1995 Annual Report to Shareholders is incorporated herein by reference.
Registrant receives approximately $7,676 of cash each month from payments of principal and interest on Real Estate Contracts Receivable. Registrant has very little liquidity because most of these payments are used to pay management fees and other operating expenses.
The income from operations for the year ended September 30, 2003 decreased $24,606 compared to the year ended September 30, 2002.
Total revenue decreased $14,428. This was primarily due to a decrease in profit on sale of real estate contracts.
The Company utilizes the employees of a related entity. Beginning in the fiscal year ended September 30, 2002, the Company paid the related entity $18,210 for it's prorata share of wages and payroll tax costs. For the year ended September 30, 2003, those payments were $21,678. The related entity began charging the company for computer usage. That cost was $5,100.
(a) In the fiscal year, Registrant has not issued any new shares or otherwise created additional outstanding securities; neither has it reduced outstanding securities by purchase or acquisition of treasury shares. Therefore, there were 11,222,600 shares of Registrant's stock outstanding on September 30, 2003.
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 38 through 57 of the Company’s Annual Report to Shareholders for the fiscal year ended December 31, 2001, are incorporated herein by reference.
The Hartford Steam Boiler Inspection and Insurance Company leases approximately 231,371 square feet for its home office at One State Street, Hartford, Connecticut under a long-term capital lease with One State Street Limited Partnership. In addition to its home office facility, the Company leases facilities for its branch offices and subsidiaries throughout the United States and Canada. The Company also leases space in a small number of foreign locations. The Company considers the office facilities to be suitable and adequate for its current and anticipated level of operations.
"Ten-Year Financial Summary" on pages 40-41 of the Company's 1993 Annual Report to shareholders is incorporated herein by reference. Dividends declared per share for the prior five years are shown below.
Consolidated Financial Statements and the related Notes to Consolidated Financial Statements on pages 20-37, including Note 18, "Consolidated Quarterly Data (unaudited)", of the Company's 1993 Annual Report to shareholders are incorporated herein by reference.
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; Biloxi, MS; Albany, GA; Harlingen; TX, Lubbock TX, and Wilmington, NC.
Selected Financial Data for the Company is contained on page 30 of The Liberty Corporation Annual Report to Shareholders and is filed as Exhibit 13 on page 36 of this report and is incorporated in this Item 6 by reference.
RGA Reinsurance conducts business from approximately 1,800 square feet of office space located in Hong Kong and approximately 1,200 square feet of office space located in Tokyo, Japan. The rental expenses paid by RGA Reinsurance under the leases during 1996 were approximately $162,100 and $42,800 for Hong Kong and Tokyo, respectively. RGA Australia conducts business from approximately 1,800 square feet of office space located in Sydney, Australia and paid $41,600 during 1996 for lease expense. The Hong Kong and Tokyo leases expire in 1998 and the Sydney lease expires in December 1997.
These data are found at page 48 in the Annual Report for 1996 under the caption "Selected Consolidated Financial and Operating Data" which section is incorporated herein by reference.
DHC leases a minimal amount of space for use as administrative and executive offices. DHC's lease has a term of approximately five years which is scheduled to expire in 1998. DHC believes that the space available to it is adequate for DHC's current and foreseeable needs.
"Selected Consolidated Financial Data" on page 60 of DHC's 1995 Annual Report to Stockholders (included as an exhibit hereto) is incorporated herein by reference.
"Management's Discussion and Analysis of Financial Condition and Results of Operations" on pages 61 through 72 of DHC's 1995 Annual Report to Stockholders (included as an exhibit hereto) is incorporated herein by reference.
The Consolidated Financial Statements of DHC and its subsidiaries, together with the Notes thereto, and "Quarterly Financial Data," included on pages 73 through 76, 77 through 96, and 98, respectively, of DHC's 1995 Annual Report to Stockholders (included as an exhibit hereto), are incorporated herein by reference.
Financial position on 31 December, 1901. CAPITAL fully subscribed (250/0 paid-up) Prs. 8,000,000. RESERVE FUND , 1,000,000/ SPECIAL RESERVE „ 500,000.
Life Dept. Premium Reserve and Aimuity Fund from 1900 Reserve for outstanding losses from 1900 ... Premiums, less cancellations Consideration for Annuities, less commission Interest Interest, after deduction of interest on Life Dep'. accoun Profit on securities realised ...
Shareholders' Capital (4000 shares of Fr. 2000 each) Reserve Fund Special Reserve Due to other Companies Sundry creditors Reserve, Fire, Marine, Accident and Burglary Dep'-: for unexpired risks „ outstanding losses ...
The information entitled "Revenues and Earnings" and "Financial Position" from page 25 of the Annual Report for the year ended December 31, 1996, is attached as Exhibit 13 hereto and is incorporated herein by reference.
The consolidated financial statements and supplementary data from pages 40 through 62, but not including the Report of Management from Page 62 included in the Annual Report for the year ended December 31, 1996, is attached as Exhibit 13 hereto and are incorporated herein by reference.
Financial position on 31 Decemher, 1899. CAPITAL fully subscribed (25 "/o paid-up) RESERVE FUND SPECIAL RESERVE
First mortgages, Government Securities and Bonds, House Property, Loans on securities. Deposits, Cash in Bank and in Hand Frs. 15,928,893. 02
Life Dept. Premium Reserve and Annuity Fund from 1898 Reserve for outstanding losses from 1898 Premiums, less cancellations Consideration for Annuities, less commission Interest Interest, after deduction of interest on Life Dep*. account
Life Dept. Retrocession Premiums Retrocession on annuities ... Surrenders Losses paid, less retrocession Annuities paid Commissions and expenses ... Reserve for outstanding losses Premium Reserve ... Annuity Fund . ... Expenses of management Taxes Net profit
Shareholders Mortgages Government securities and Bonds House Property Cash in Bank Cash in Hand... Loans on securities Deposits bearing interest
|v -ÄS: r' (§oard of girectors: Colonel H. Nabhoiz, Chairman .... Zurich.
See the information in "Reliance Group Holdings, Inc. and Subsidiaries Selected Financial Data" on pages 21 and 22 of the Reliance Group Holdings 1998 Annual Report, which information is incorporated herein by reference.
See the information in "Reliance Group Holdings, Inc. and Subsidiaries Financial Review" on pages 25 through 33 of the Reliance Group Holdings 1998 Annual Report, which information is incorporated herein by reference.
The financial statements of the Company and its consolidated subsidiaries, included on pages 34 through 63 of the Reliance Group Holdings 1998 Annual Report, which information is incorporated herein by reference, are listed in Item 14 below.
A new administrative office building is under construction in Columbus, Georgia. Construction is expected to be completed during the second quarter of 2001 at an estimated cost of $42 million.
In Tokyo, Japan, AFLAC owns a new 11-story administrative office building which was completed in April 1994. AFLAC also leases office space in Tokyo, along with regional sales offices located throughout the country, and owns a training and computer facility in Tokyo. For further information concerning the new building in Japan, see Exhibit 13, pages 13-18, (discussion concerning cash flow) and 13-36 (Note 5 of Notes to the Consolidated Financial Statements), which are incorporated herein by reference. Other foreign affiliates of the Company also have leased office space.
The Broadcast Division owns and leases land, buildings, transmission towers and other broadcast equipment in the cities where its seven television stations are located.
MANAGEMENT'S DISCUSSION AND 13-5 to 25 - 31 ANALYSIS OF FINANCIAL CONDITION 13-18 AND RESULTS OF OPERATIONS
FINANCIAL STATEMENTS AND 13-19.1 to 34 - 50 SUPPLEMENTARY DATA 13-52
Headquarters The headquarters for the company is located at 2 Eva Road, Suite 200, Tobicoke, Ontario, Canada in leased space.
The data included on page 6 of the 2000 Annual Report, included as Exhibit 13, under "Selected Financial Data" is incorporated herein by reference.
The discussion entitled "Management Discussion and Analysis of Financial Condition and Results of Operations" included in the 2000 Annual Report on pages 7 through 16 included as Exhibit 13 is incorporated herein by reference.
Selling, general and administrative expenses decreased to $1,684,000 in 2000 from $1,984,000 in 1999, a 17% decrease. The significant decrease in selling, general and administrative expenses were: bad debt expense of $304,000, commission expense of $153,000; and salaries of $209,000. The decreases were offset by increases in consulting expenses of $275,000; legal expense of $30,000; and insurance expense of $22,000.
The Company has suffered recurring losses from operations which raised substantial doubt about its ability to continue as a going concern. The Company believes that it will need additional financing to meet its operating cash requirements for the current level of operations during the next twelve months, and will require additional capital in order to complete its planned expansion. The Company has developed a plan to reduce its liabilities and improve cash flow through expanding operations and raising additional funds either through issuance of debt or equity. From January 1, 2001 through March 28, 2001, the Company raised $261,600 from the sale of convertible debentures and through offerings under private placements. The Company anticipates that it will be able to raise the necessary funds it may require for the remainder of 2001 through public or private sales of securities. If the Company is unable to fund its cash flow needs the Company may have to reduce or stop planned expansion, or possibly scale back operations.
During 2000 and 1999, the Company was unsuccessful in developing a quality, comprehensive national marketing effort. This was primarily due to the restricted cash flow which was not available to support such a national campaign needed to succeed fully into today's ever changing healthcare environment. The marketing methods used previously did not succeed and a more technologically drive plan is currently being developed. This period of change will require increased investment in new and better technology infrastructures that should make it more cost effective to serve PCI clients. This also required new staffing, including the recruitment of experienced personnel from the insurance and managed care industry. The Company is actively pursuing acquisitions in the physician practice management sector.
The response to this item follows Item 13, and is hereby incorporated herein.
The Company currently leases its corporate offices in Southfield, Michigan from 26600 Development Associates Limited Partnership. In 1999, the Company paid rent in the amount of approximately $1,197,941. The term of the lease for the offices in Southfield expires on September 30, 2004. The Company, through its subsidiaries, is also a party to various leases for locations in which such subsidiaries have offices. The Company does not consider any of these leases to be material.
During 1998, the Company purchased land in close proximity to its existing offices. The cost of the land was $3.2 million.
The information required by this item is incorporated by reference to page 14 of the Company’s 1999 Annual Report to Shareholders.
Amounts for 1999 reflect the results of Chartwell and its subsidiaries, accounted for as a purchase, from October 27, 1999, the date of acquisition.
Amounts for 1998 reflect the results of Trenwick International, accounted for as a purchase, from February 27, 1998, the date of acquisition.
The other information called for by this item can be found in Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations and Item 8, Financial Statements and Supplementary Data.
The information called for by this item can be found in Trenwick's 1999 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 "Management's Discussion and Analysis" on pages 18 through 42 of The St. Paul's 1999 Annual Report to Shareholders is incorporated herein by reference.
The "Independent Auditors' Report," "Management's Responsibility for Financial Statements," Consolidated Balance Sheets, Consolidated Statements of Income, Comprehensive Income, Shareholders' Equity and Cash Flows, and Notes to Consolidated Financial Statements on pages 44 through 74 of The St. Paul's 1999 Annual Report to Shareholders are incorporated herein by reference.
DGI and Delaware Atlantic share headquarters with the Mutual Company's headquarters in a building owned by the Mutual Company. The Mutual Company charges DGI for an appropriate portion of the building expenses under an intercompany allocation agreement which is consistent with the terms of the pooling agreement. The headquarters of the Mutual Company has approximately 163,500 square feet of office space. Southern has a facility of approximately 10,000 square feet in Glen Allen, Virginia, which it owns. Pioneer has a facility of approximately 10,000 square feet in Greenville, Ohio, which it owns. Southern Heritage has a facility of approximately 14,000 square feet in Duluth, Georgia, which it leases.
Management's Discussion and Analysis of Financial - ------- ------------------------------------------------- Condition and Results of Operations. ------------------------------------
The response to this Item is incorporated by reference to pages 10 through 12 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.
Life Dept Retrocession Premiums Retrocession on annuities ... Commissions and expenses ... Surrenders Losses paid, less retrocession Annuities paid Premium Reserve Annuity Fund Reserve for outstanding losses Expenses of management Taxes Amortisation on House Property and Securities Net profit
(Market value on 31»' December, 1902: Fr. 10,508,469. 45) Deposits bearing interest ... Cash in Bank ... Cash in Hand ,
Registrant receives approximately $7,104 of cash each month from payments of principal and interest on Real Estate Contracts Receivable. Registrant has very little liquidity because most of these payments are used to pay management fees and other operating expenses.
The principal assets of the registrant at September 30, 2002 are eighteen real estate contracts receivable.
Total revenue decreased $62,055. This was primarily due to a decrease in profit on sale of real estate contracts.
The Company utilizes the employees of a related entity. Beginning in the fiscal year ended September 30, 2002, the Company paid the related entity $18,210 for it's prorata share of wages and payroll tax costs.
(a) In the fiscal year, Registrant has not issued any new shares or otherwise created additional outstanding securities; neither has it reduced outstanding securities by purchase or acquisition of treasury shares. Therefore, there were 11,222,600 shares of Registrant's stock outstanding on September 30, 2002.
The answer to this Item is incorporated by reference to pages 10 through 12 of the Company's Annual Report to Stockholders for the year ended December 31, 1997, which is included as Exhibit (13) to this Form 10-K Report.
The answer to this Item is incorporated by reference to pages 13 through 26 of the Company's Annual Report to Stockholders for the year ended December 31, 1997, which is included as Exhibit (13) to this Form 10-K Report.
St. Paul International Insurance Company Ltd. owns its building in London, England which houses its operations.
The "Eleven-year Summary of Selected Financial Data" section on pages 46 and 47 of the 1996 Annual Report to Shareholders is incorporated herein by reference.
The financial statements and supplementary data on pages 48 to 69 of the 1996 Annual Report to Shareholders are incorporated herein by reference.
The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our Consolidated Financial Statements and related notes included elsewhere in this Annual Report on Form 10-K and Item 1, "Business - General Overview" on page 2. Except as explicitly described as held for sale or as discontinued operations, and unless otherwise noted, all discussions and amounts presented herein relate to the Company's continuing operations except for net loss, net loss attributable to Maiden and net loss attributable to Maiden common shareholders. Amounts in tables may not reconcile due to rounding differences. Some of the information contained in this discussion and analysis or set forth elsewhere in this Report, including information with respect to our plans and strategy for our business, includes forward-looking statements that involve risk and uncertainties. Please see the "Special Note About Forward-Looking Statements" in this Annual Report on Form 10-K for more information on factors that could cause actual results to differ materially from the results described in or implied by any forward-looking statements contained in this discussion and analysis. You should review the "Risk Factors" set forth in this Annual Report on Form 10-K for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained herein.
See our Consolidated Financial Statements and Notes thereto commencing on pages through below.
In Tokyo, Japan, AFLAC owns an 11-story administrative office building. AFLAC leases office space in Tokyo along with regional sales offices located throughout the country and owns a training facility in Tokyo.
MANAGEMENT'S DISCUSSION AND 13-5 to 19 - 31 ANALYSIS OF FINANCIAL CONDITION 13-26 AND RESULTS OF OPERATIONS
FINANCIAL STATEMENTS AND 13-27 to 34 - 56 SUPPLEMENTARY DATA 13-71
The Company owns property located at 135-137 East Rosemary Street, Chapel Hill, North Carolina. This property currently serves as a parking facility for employees and guests of the Company.
See Note 9 in the 1995 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.
reference. The information should be read in conjunction with the Financial Statements and Notes and the Management's Discussion and Analysis of Results of Operations and Financial Condition which are in the 1995 Annual Report to Shareholders and are incorporated herein by reference.
The financial statement schedules meeting the requirements of Regulation S-X are shown as Schedules I, II, III, IV and V included on pages 19 through 26.
The Company owns real property for investment purposes as provided in Schedule I "Summary of Investments other than Investments in Related Parties." This investment property is leased to the Erie Indemnity Company. Rental income for 2000 was $308,732. The executive and administrative offices of the Company are located in the headquarters office of Erie Insurance Group in Erie, Pennsylvania. The Company pays other members of the group an amount determined by an agreement for office space and for the use of facilities, equipment and services.
The information contained in "Selected Financial Data" on page 20 of the Company's 2000 Annual Report is incorporated herein by reference.
The 2000 Financial Statements and the Company's Independent Auditors' Report on pages 29 through 43 of the Company's 2000 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.
Selected Consolidated Financial and Operating Data on pages 4 and 5 of the annual shareholder report for the year ended December 31, 1996 is incorporated herein by reference.
The Company’s principal executive office is located in Irvine, California in approximately 12,000 square feet of leased space. The lease expires in March 2013. The Company leases 118 branch offices in 45 states, which range in size from 500 square feet up to 24,000 square feet. The lease terms for the branch offices range from monthly to ten years and expire through 2019. The Company believes that its facilities are adequate for its current needs and that suitable additional space will be available as required.
Management’s Discussion and Analysis of Financial Condition and Results of Operations appears in a separate section of this Annual Report on Form 10-K beginning on page 36 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 53 and are incorporated herein by this reference. The financial statement schedule is included below under Item 15(a) (2).
Selected Financial Data. The information required by this Item is incorporated herein by reference from "Summary Consolidated Financial and Operating Data" on page 17, and from "Consolidated Statements of Income" on page 32 in Guarantee Life's 1998 Annual Report to Shareholders.
Properties. - ------ ---------- St. Paul Fire and Marine Insurance Company owns its corporate headquarters buildings, located at 385 Washington Street and 130 West Sixth Street, Saint Paul, Minnesota. These buildings, which are adjacent to one another and connected by skyway, are also occupied by The St. Paul. These buildings consist of approximately 1.1 million square feet of gross floor space. Economy Fire & Casualty Company, a subsidiary of St. Paul Fire and Marine Insurance Company, owns a building in Freeport, Illinois that houses a portion of Fire and Marine's personal insurance operations.
Minet and St. Paul International Insurance Company Ltd. also own buildings in the United Kingdom which house their respective operations.
The St. Paul's operating subsidiaries rent or lease office space in many cities in which they operate.
The "Eleven-year Summary of Selected Financial Data" section on pages 44 and 45 of the 1995 Annual Report to Shareholders is incorporated herein by reference.
Management's Discussion and Analysis of Financial - ------ Condition and Results of Operations. -------------------------------------------------
In early February 1996, The St. Paul's board of directors authorized the repurchase of up to five percent of the company's common shares. Such repurchases may be made from time to time on the open market and through private transactions following management's determination that such repurchases are appropriate to protect or increase shareholder value. From the date of the board's authorization through March 18, 1996, the company repurchased 341,700 shares.
Management's Discussion and Analysis of Financial Condition and Results of Operations. Incorporated by reference to pages 14 through 16 of the Registrant's 1997 Annual Report to Shareholders.
Our principal office is a building complex that is approximately 1.7 million square feet in size and is located at 151 Farmington Avenue, Hartford, Connecticut. Our principal office is used by all of our business segments. We also own or lease other space in the greater Hartford area, Blue Bell, Pennsylvania and various field locations in the U.S. and several foreign countries. Such properties are primarily used by our Health Care segment. We believe our properties are adequate and suitable for our business as presently conducted.
All of our properties are owned or leased by subsidiaries of The Progressive Corporation. Progressive’s corporate headquarters are located on a 42-acre parcel in Mayfield Village, Ohio. We also have a 72-acre corporate office complex near the headquarters. Buildings on these two sites contain approximately 1.6 million square feet of office space.
We lease approximately 1.2 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-30 of the Annual Report, which is included as Exhibit 13 to this Form 10-K.
The financial statements and supplementary data for the Company and its subsidiaries, which are included under the caption "CONSOLIDATED FINANCIAL STATEMENTS" in the Company's 1994 Annual Report to Stockholders, are incorporated herein by reference.
Our report on the consolidated financial statements of Protective Life Corporation and Subsidiaries has been incorporated by reference in this Form 10- K from page 59 of the 1994 Annual Report to Stockholders of Protective Life Corporation. In connection with our audits of such financial statements, we have also audited the related financial statement schedules listed in the index on page 26 of this Form 10-K.
The five-year summary of selected financial information and accompanying notes, included in Zenith's 1997 Annual Report to Stockholders on pages 34 and 35, is hereby incorporated by reference.
The Registrant hereby incorporates by reference the "Selected Financial Data" table on page 50 of the Annual Report.
SELECTED FINANCIAL DATA. - ------- ------------------------ The "Selected Consolidated Financial Data" section from the Company's Annual Report to Stockholders for the year ended December 31, 1999, which is included as Exhibit 13(a) to this Form 10-K, 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, 1999, which is included as Exhibit 13(c) to this Form 10-K, are incorporated herein by reference.
The 5-Year Summary of Selected Financial Information, included in Zenith's 2003 Annual Report to Stockholders, is hereby incorporated by reference.
Management's Discussion and Analysis of Consolidated Financial Condition and Results of Operations, included in Zenith's 2003 Annual Report to Stockholders, is hereby incorporated by reference.
The Consolidated Financial Statements and Notes thereto included in Zenith's 2003 Annual Report to Stockholders are hereby incorporated by reference.
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, 1994, the Company and its consolidated subsidiaries employed approximately 9,165 persons in approximately 440 offices.
See the information in 'Reliance Group Holdings, Inc. & Subsidiaries Selected Financial Data' on pages 17 and 18 of the Reliance Group Holdings' 1994 Annual Report, which information is incorporated herein by reference.
The financial statements of the Company and its consolidated subsidiaries, included on pages 28 through 53 of the Reliance Group Holdings' 1994 Annual Report, which information is incorporated herein by reference, are listed in Item 14 below.
Capital (5000 shares of Fr. 2000 each) . . . . 10,000,000 —
Balance of Profit and Loss Account . . . . . 942,067 34
The Company's executive offices are located in New York City. Offices and other properties used by the Company's subsidiaries are located throughout the United States. Several subsidiaries have offices located in foreign countries. Most office locations and other properties are leased on terms and for durations which are reflective of commercial standards in the communities where such offices and other properties are located.
As of December 31, 1997, leasehold interests of the Company's property-casualty insurance subsidiaries included a total of approximately 5,890,000 square feet of office space at about 248 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 CityPlace, located in Hartford, Connecticut, under an eight-year sublease that expires in 2004. The Company's life insurance units also lease approximately 656,000 square feet of office space at about 16 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.
See Index to Consolidated Financial Statements and Schedules on page hereof. There is also incorporated by reference herein in response to this Item the material under the caption "Selected Quarterly Financial Data (unaudited)" on page 91 of the 1997 Annual Report, which material is included as part of Exhibit 13 to this Form 10-K, and the Independent Auditors' Report filed as Exhibit 99.02 herewith.
Management's Discussion and Analysis of financial condition and results of operations appears on pages 9-22 in the Annual Report to the Stockholders for the year ended December 31, 1999, and is incorporated herein by reference.
The financial statements and notes appear on pages 26-29 in the Annual Report to Stockholders for the year ended December 31, 1999 and are incorporated herein by reference. See Part IV, Item 14.
The five-year financial information under the caption “Highlights” in CIGNA’s Annual Report is incorporated by reference.
The information on pages AR-4 through AR-13 of the Company's 1995 Annual Report is incorporated herein by reference.
The Company's Consolidated Financial Statements for the years ended December 31, 1995, 1994 and 1993 and the report of its independent accountants on pages AR-15 through AR-36 of the Company's 1995 Annual Report are incorporated herein by reference.
The selected consolidated financial data of the Company appears in a separate section of this Annual Report on Form 10-K on page.
The Company's consolidated financial statements and schedule, as listed under Item 14, appear in a separate section of this Annual Report on Form 10-K beginning on page and S-1, respectively.
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 2003, 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 Pointe 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 feet under a lease extending through June 2000.
The discussion entitled "Management Discussion and Analysis of Financial Condition and Results of Operations" in the 1997 Annual Report on pages 5 through 14 included as Exhibit 13 is incorporated herein by reference.
The Company leases office space in Bermuda where the Company’s principal executive offices are located. Additionally, the Company leases office space in various locations, including Paris, Greenwich (Connecticut), Toronto, Zurich, Santiago, Tokyo, Seoul, Singapore and Hong Kong.
The information with respect to management’s discussion and analysis of financial condition and results of operations, is contained under the caption “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the 2002 Annual Report and is incorporated by reference to pages 2 through 26 of Exhibit 13.1 filed with this Form 10-K.
World Minerals' headquarters is located in leased premises of approximately 13,000 square feet in Santa Barbara, California. Celite, Harborlite and certain departments of World Minerals share 16,800 square feet of leased premises in Lompoc, California.
A description of the major plants and properties owned and operated by Celite and Harborlite is set forth below. All of the following properties are owned, with the exception of Plant # 1 at Quincy, Washington, the headquarters offices at Santa Barbara and Lompoc, California, the Nanterre, France, Santiago, Chile and Izmir, Turkey offices and the plant at Wissembourg, France, which are leased.
The Company leases approximately 23,000 square feet in an office building located in Hatboro, Pennsylvania. The office building also houses Penn Independent and its subsidiaries. The Company leases the space from Mr. Irvin Saltzman, Chairman of the Board of Directors of the Company, pursuant to a lease agreement which expires on June 30, 2000, and provides for an annual rental payment of approximately $281,112, which amount is considered by the Company to be at fair market value. The lessee has the option to renew the lease for one additional five year period at the expiration of the original term of the lease.
The "Selected Consolidated Financial Data" section on page 8 of the Company's Annual Report to stockholders for the year ended December 31, 1998, 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 17 of the Company's Annual Report to stockholders for the year ended December 31, 1998, which is included as Exhibit (13) to this Form 10-K Report, is incorporated herein by reference.
The information entitled "Revenues and Earnings" and "Financial Position" from page 13 of the Registrant's Annual Report for the year ended December 31, 1999, is attached as Exhibit 13 hereto and is incorporated herein by reference.
The information entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" from pages 14 through 27 of the Registrant's Annual Report for the year ended December 31, 1999, is attached as Exhibit 13 hereto and is incorporated herein by reference.
DGI shares headquarters with the Mutual Company in a building owned by the Mutual Company. The Mutual Company charges DGI for an appropriate portion of the building expenses under an intercompany allocation agreement which is consistent with the terms of the pooling agreement. The headquarters of the Mutual Company have approximately 82,000 square feet of office space, with an additional 40,000 square feet of office space currently under construction. Southern has a facility of approximately 10,000 square feet in Glen Allen, Virginia which it leases. Delaware Atlantic has a facility of approximately 2,800 square feet in Wilmington, Delaware, which it leases.
The answer to this Item is incorporated by reference to pages 10 through 23 of the Company's Annual Report to Stockholders for the year ended December 31, 1996, which is included as Exhibit (13) to this Form 10-K Report.
The Company leases administrative space in nine cities, substantially all under leases for periods of three to five years. The aggregate monthly rent is approximately $250 thousand.
Marketing offices are leased in 22 cities, substantially all under leases for periods of three to five years. The aggregate monthly rent is approximately $60 thousand.
(1) REDUCED BY $1,261 OR $.05 PER SHARE REPRESENTING A ONE-TIME ADJUSTMENT TO INCOME TAX EXPENSE DUE TO THE CHANGE IN THE CORPORATE INCOME TAX RATE FROM 34% TO 35%. (2) PRIOR PERIODS HAVE BEEN RESTATED TO REFLECT A TWO-FOR-ONE STOCK SPLIT ON JUNE 1, 1995. PER SHARE DATA HAVE NOT BEEN ADJUSTED FOR THE COMPANY'S RECENTLY ANNOUNCED TWO-FOR-ONE STOCK SPLIT EFFECTIVE APRIL 1, 1998.
The financial statements and supplementary data for the Company and its subsidiaries, which are included under the caption "CONSOLIDATED FINANCIAL STATEMENTS" in the Company's 1997 Annual Report to Stockholders, are incorporated herein by reference.
Our report on the consolidated financial statements of Protective Life Corporation and subsidiaries has been incorporated by reference in this Form 10-K from page 59 of the 1997 Annual Report to Stockholders of Protective Life Corporation. In connection with our audits of such financial statements, we have also audited the related financial statement schedules listed in the index on pages 27 and 28 of this Form 10-K.
The Company’s principal executive office is located in Irvine, California in approximately 13,000 square feet of leased space. The lease expires in January 2020. The Company leases approximately 87 branch offices in 43 states, which range in size from 200 square feet up to 94,000 square feet. The lease terms for the branch offices range from monthly to ten years and expire at various dates through 2023. The Company believes that its facilities are adequate for its current needs and that suitable additional space will be available as required.