report_id
stringlengths
1
60
paragraph_nr
int64
0
28.3k
text
stringlengths
21
14.6k
n_words
int64
11
2.31k
filing_type
stringclasses
2 values
5146
1,357
(1)Reported in net investment income on the consolidated statements of operations.
11
10K
PhoenixGroupHoldingsPLC-AR_2019
2,126
Additionally in 2019 Karen Green was appointed the designated Non-Executive Director for workforce engagement� Details of Karen’s activities during the year are given on page 84 under the Corporate Governance Report�
31
annual_report
1388
557
All of the data in this schedule, constitutes forward-looking statements. They are based on the beliefs of management and information currently available and they are not a guarantee of future performance. Actual results could differ materially from those shown in the forward-looking statement as a result of a number o...
97
10K
5176
1,315
· On March 6, 2013, the Company’s Board authorized the repurchase of up to $30.0 million of Class B shares (2013 $30.0 million stock repurchase program) concurrent with the conversion of 7 million Class A shares into Class B shares and the public offering of a substantial majority of such converted shares. As part of t...
75
10K
5882
626
Some lines of insurance are commonly referred to as "long-tail" lines because of the extended time required before claims are ultimately settled. Lines of insurance in which claims are settled relatively quickly are called "short-tail" lines. It is generally more difficult to estimate loss reserves for long-tail lines ...
157
10K
1753
202
Gallagher uses the limited partnership or limited liability company forms of legal ownership to fund many of its investments in order to obtain favorable tax treatment with respect to gains, losses and distributions, while limiting its liability. Based on the ownership structure of these investments, management believe...
134
10K
5211
1,786
Historically, our reserve selections for the Excess and Surplus Lines segment gave more weight to industry indications due to our limited operating history. When we reviewed the Excess and Surplus Lines segment’s reserve parameters in 2013, we had ten years of accumulated historical data of the Company to analyze, and ...
126
10K
5696
1,046
In 2018, 432,000 options were granted with an average exercise price of $64.91 and an average fair value of $10.58. Of these grants, 330,750 were granted at the board meeting in May with a calculated fair value of $10.31. We recognized $4.5 million of expense during 2018 related to options vesting. Since options grante...
97
10K
NatixisSA-AR_2006
162
2006 was divided into two periods for the Natixis shares: until November 17, 2006, the shares were listed under the name “Natexis Banques Populaires” with a par value of €16; since November 20, 2006, the shares have been listed under the name “Natixis” with a par value of €1.6 (after the 10-for-one stock split).
54
annual_report
2337
950
Future minimum rental commitments at December 31, 2003 for each of the following years are as follows:
17
10K
RSAInsuranceGroupPLC-AR_2015
2,730
The carrying amount of Group occupied property that would have been recognised had the assets been carried under the cost model including assets held for sale at 31 December 2015 is £38m (2014: £42m).
34
annual_report
INGGroepNV-AR_2012
4,095
In line with market practice and regulatory guidance, ING Bank’s liquidity risk framework is a reflection of a multi-tiered approach, whereby risk principles are implemented, monitored and controlled in conjunction with both first and second line functions within the Bank. In line with this approach liquidity risk is m...
67
annual_report
5037
1,406
In connection with the issuance and sale of the 5.375% Notes, we entered into a registration rights agreement. Under this agreement, we will use commercially reasonable efforts to register substantially identical notes (the Exchange Notes) with the SEC in 2016. We will then offer such freely tradable Exchange Notes in ...
73
10K
NatwestGroupPLC-AR_2014
3,270
($24 million)), was up 11% driven by an increase in net interest income and a decrease in impairment losses partially offset by lower non-interest income.
25
annual_report
4436
903
The increase in revenue for the year ended December 31, 2011 was offset by increased loss and LAE due primarily to higher current accident year loss estimates, as well as unfavorable prior year loss development of $16.4 million for the year ended December 31, 2011 as compared to $9.2 million of unfavorable prior year d...
215
10K
PhoenixGroupHoldingsPLC-AR_2020
3,334
The net adverse investment return variances and economic assumption changes on long-term business of £47 million (2019: £177 million adverse) primarily arise as a result of movements in credit spreads, the impact of credit downgrades in the Group’s investment portfolio and a net adverse impact from equity movements. Eq...
218
annual_report
NatwestGroupPLC-AR_2008
2,819
Insurance claims – gross £m £m £m £m £m £m £m £m £m
13
annual_report
fr_axa-AR_2007
562
On July 27, 2007, AXA and UkrSibbank, the Ukrainian banking subsidiary of BNP Paribas, announced that they reached an agreement to acquire 99% of the share capital of vesko, Ukraine’s 6th largest P&C insurer. Vesko’s revenues for 2006 of $28 million were well balanced between individual and Commercial lines and between...
91
annual_report
4092
600
The method followed in computing deferred acquisition costs limits the amount of deferred costs to their estimated realizable value, which gives effect to the premium to be earned, related investment income, losses and loss adjustment expenses, and certain other costs expected to be incurred as the premium is earned. F...
94
10K
969
202
DIVIDENDS ON COMPANY-OBLIGATED MANDATORILY REDEEMABLE PREFERRED STOCK OF SUBSIDIARY TRUST increased to $4.9 million in 1998 from $2.8 million in 1997. The underlying securities were issued on May 30, 1997. The increase in 1998 is offset by a corresponding decrease in dividends on series preferred stock.
46
10K
NatwestGroupPLC-AR_2012
4,329
In certain circumstances, formulaic short-term incentive arrangements are used to align the objectives of employees with the strategy of the relevant division in which they work.
26
annual_report
PosteItalianeSpA-AR_2018
3,196
The analysis shows the exposure for each class of financial assets measured at amortised cost and those measured at fair value through other comprehensive income, for which the general deterioration model was used in stages. The amounts refer to the gross carrying amount and do not take into account guarantees or other...
56
annual_report
TrygAS-AR_2016
1,762
Proposed distribution for the year: Transferred to reserve for net revaluation according to the equity method -25 -1,668 Transferred to retained earnings -274 1,878
24
annual_report
5765
822
Net realized capital gains. Net realized capital gains in 2019 and 2018 primarily reflect modest gains from the sale of certain investments and equipment, as well as certain foreign currency exchange rate impacts. Net realized capital gains in 2017 primarily reflect a $20.9 million capital gain due to a bulk settlement...
76
10K
4593
1,091
In June 2011, the FASB issued ASU 2011-05, “Comprehensive Income (Topic 220): Presentation of Comprehensive Income.” ASU 2011-05 allows an entity the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in one continuous statement of ...
164
10K
INGGroepNV-AR_2017
2,121
• The remaining amount of change in the fair value is presented in the SOPL. The impact of this change is that an amount of approximately EUR 0.2 billion will be reclassified within equity from Retained earnings to OCI.
39
annual_report
1623
1,306
- In June 2001, the FASB issued SFAS No. 143, "Accounting for Asset Retirement Obligations". This Statement establishes the standard to record the fair value of a liability for an asset retirement obligation in the period in which it is incurred. The provisions of this Statement are effective for fiscal years beginning...
80
10K
5547
1,100
The Pavonia business qualified as a discontinued operation. The following table summarizes the components of net earnings (losses) from discontinued operations on the consolidated statements of earnings for the years ended December 31, 2017 and 2016:
36
10K
5042
736
For 2013, our effective tax rate applied to our income (loss) before income taxes was higher than the U.S. statutory tax rate of 35% primarily due to the provision for deferred taxes on basis differences of certain foreign subsidiaries, nondeductible expense related to warrants issued by the Company, and the fluctuatio...
77
10K
4141
1,212
For assets and liabilities measured at fair value using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances for the years ended December 31, 2009 and 2008 is as follows:
34
10K
gb_lloyds_banking_grp-AR_2006
1,345
Significant judgement is required in determining the Group’s income tax liabilities. In arriving at the current tax liability of £817 million and deferred tax liability of £1,416 million at 31 December 2006 (2005: current tax liability of £552 million and deferred tax liability of £1,145 million), the Group has taken a...
147
annual_report
4051
4,062
The AIG Series E Exchange Agreement and the AIG Series F Purchase Agreement restrict AIG's ability to repurchase capital stock and require AIG to continue to maintain policies limiting corporate expenses, lobbying activities and executive compensation.
36
10K
5239
1,038
Under state guaranty assessment laws, including those related to state cooperative failures in the industry, we may be assessed (up to prescribed limits) for certain obligations to the policyholders and claimants of insolvent insurance companies that write the same line or lines of business as we do. Penn Treaty is a f...
88
10K
5825
2,192
We report accrued investment income separately from fixed income, available-for-sale securities, and we have determined an allowance for credit losses for accrued investment income is not required. Accrued investment income is written off through net realized investment gains (losses) if, and at the time, the issuer of...
57
10K
AvivaPLC-AR_2012
676
 Corporate and specialty risks – products for large clients or where the risk is specialised.
16
annual_report
2149
1,292
The Company utilizes variable interest entities both indirectly and directly in the ordinary course of business. The Company provides various forms of credit enhancement including financial guaranty insurance and reinsurance of structured transactions backed by pools of assets of specified types, municipal obligations ...
150
10K
839
216
The Company engages an outside actuarial firm to attest to the adequacy of its carried property and casualty reserves. This firm has rendered their opinion for the year ended December 31, 1997, and they attest to the adequacy of the Company's held reserves. The Company is committed to maintaining adequate loss reserves...
61
10K
3594
539
Investment income increased primarily as a result of the increase in the amount of invested assets. The weighted average investment yields for our fixed maturities portfolio were 5.5% and 5.6% at June 30, 2007 and 2006, respectively, with effective durations of 3.43 years and 3.83 years at June 30, 2007 and 2006, respe...
69
10K
2845
591
regulatory and legal environment in our territories, inflation in underlying medical and property repair costs, and the availability and cost of reinsurance. Our investment income and realized gains and losses are determined by, among other things, market forces, the rates of interest and dividends paid on our portfoli...
83
10K
NatwestGroupPLC-AR_2016
4,536
during the year. The top ten SNC excesses comprised 87.7% of total
12
annual_report
4763
1,233
The Company is subject to income taxes on the operations of its subsidiaries and branch offices in the United States, United Kingdom, Switzerland and Singapore. The Company’s Canadian branch office was closed during the fourth quarter of 2012. The Company is not required to pay any income or capital gains taxes on its ...
56
10K
3482
1,011
On September 26, 2007, we sold the Note for a cash consideration of $400 million to a related party of the SPE (“buyer”), resulting in the deconsolidation of the SPE (see Note 8 (c)). Accordingly, from September 27, 2007, we have not included the results, assets and liabilities of the SPE in our Consolidated Financial ...
106
10K
5634
9,091
The enterprise risk appetite is cascaded into individual risk limits which set boundaries on the amount of risk we are willing to accept from one specific risk category before escalating for further management discussion and action. Risk limits are established based upon expected returns, volatility, potential tail los...
88
10K
StandardLifeAberdeenPLC-AR_2014
552
Qualifications: Electrical and Electronic Engineering degree (BEng), Imperial College, London. Member of the Institute of Chartered Accountants in England and Wales.
21
annual_report
fr_axa-AR_2009
5,003
Net unrealized capital gains/ losses, not included in IFRS shareholders’ equity 906 1,656 2,561 1,846 1,535 3,381 1,846 1,846
19
annual_report
5417
1,877
As of December 31, 2017 and 2016, each of our Bermuda-based insurance and reinsurance subsidiaries exceeded their respective minimum solvency and liquidity requirements. The Bermuda insurance and reinsurance subsidiaries in aggregate exceeded minimum solvency requirements by $1.2 billion as of December 31, 2017 (2016: ...
54
10K
2890
698
The amounts of recoveries pertaining to property and casualty reinsurance contracts that were deducted from losses incurred during 2005, 2004 and 2003 were (amounts in 000’s): $189,407, $38,295 and $23,151, respectively.
31
10K
1425
280
Net investment income increased 11.1% and 17.9% in 2000 and 1999, respectively. This increase in both years was due to the continued growth of business in this subsegment from facultative and automatic treaties, which resulted in an increase in the underlying invested asset base.
44
10K
ScorSE-AR_2018
3,469
In 2018, the movements are due to the following operations: ◆ the Board of Directors’ meeting held on April 26, 2018 decided to reduce the Group’s share capital by cancellation of 1,692,602 treasury shares for EUR 50 million (EUR 13 million in share capital and EUR 37 million in additional paid-in capital); ◆ the issua...
95
annual_report
2915
617
Earnings from operations in 2005 of $582 million increased $97 million, or 20%, over 2004. Specialized Care Services’ operating margin was 20.7% in 2005, down from 21.1% in 2004. This decrease was due to a business mix shift toward higher revenue, lower margin products, partially offset by continued gains in quality in...
56
10K
5890
1,276
We had defined contribution plan expense for the years ended December 31, 2020, 2019 and 2018 amounting to $160 million, $150 million and $150 million, respectively.
26
10K
5830
2,613
contracts permit, the Company secures future claim obligations with various forms of collateral or other credit enhancement, including irrevocable letters of credit, secured trusts, funds held accounts and group wide offsets. As part of its reinsurance recoverable review, the Company analyzes recent developments in com...
98
10K
de_allianz-AR_2002
1,424
Interest and similar income/expenses Interest income and interest expenses are recognized on an accrual basis. Interest income from lending business is recognized using the effective yield method. This item also includes dividends from available for sale equity securities and interest recognized on finance leases. Divi...
79
annual_report
4960
243
Salaries - increased by $211,725, or 6%, from $3,418,958 in 2013 to $3,630,683 in 2014. The increase was mainly due to increases in headcounts for the Hong Kong office and increases in pay rates for all offices during the year of 2014. In addition, pursuant to the Restricted Share Stock Compensation Plans, $7,425 was r...
97
10K
1471
392
On October 20, 2000, Berkshire announced that it had formally entered into a merger agreement whereby it would acquire approximately 87.3% of the common stock of Shaw for $19 per share. The transaction was completed on January 8, 2001. An investment group consisting of Robert E. Shaw, Chairman and CEO of Shaw, Julian D...
84
10K
5519
884
The following table presents the fair value and gross unrealized losses of fixed maturity and equity securities in an unrealized loss position at December 31, 2018 and 2017, respectively. The Company views the decrease in fair value of all of the securities with unrealized losses at December 31, 2018 - which was driven...
142
10K
INGGroepNV-AR_2017
6,412
FT / PT status Perm / Temp on ING contract Full-time 48,397 48,309 48,109 Permanent 52,324 53,218 53,454
18
annual_report
AvivaPLC-AR_2018
1,149
2019 priorities In 2019, in addition to carrying out its principal function, the Committee will continue to monitor the implementation of the new IFRS, with particular focus on IFRS 17, regarding the accounting treatment of insurance contracts, ahead of its expected effective date of 1 January 2022. The Committee will ...
77
annual_report
SwissReAG-AR_2007
1,869
The Property & Casualty segment consists of the following sub-segments: Property traditional, Casualty traditional, Specialty traditional and non-traditional business. The Specialty traditional sub-segment includes certain parts of the former Credit Solutions business; Credit Reinsurance, Financial Guaranty business, B...
43
annual_report
AdmiralGroupPLC-AR_2014
1,030
Non-audit fees During the year the Committee reviewed its policy on non-audit services that sets out the procedure for approval, by the Committee, of expenditure with the Group’s auditor of over £30,000, including the process where it is necessary for approval of such work to be given outside of the normal Committee me...
111
annual_report
gb_prudential-AR_2014
2,377
The Group may designate certain derivatives as hedges. For hedges of net investments in foreign operations, the effective portion of any change in fair value of derivatives or other financial instruments designated as net investment hedges is recognised in other comprehensive income. The ineffective portion of changes ...
82
annual_report
ch_zurich_insurance_group-AR_2014
1,193
Business operating profit decreased by USD 42 million to USD 4.6 billion, or by 1 percent in U.S. dollar terms, but remained flat on a local currency basis.
28
annual_report
NNGroupNV-AR_2016
502
What we do Risk taking is integral to the business model for insurance, asset management, and banking organisations like NN Group. Through our Risk Management practices, we seek to meet our obligations to customers and creditors, manage our capital efficiently and comply with applicable laws and regulations.
47
annual_report
gb_prudential-AR_2016
5,070
PPM America Capital Partners VI, LLC Limited partnership interest 100.00% 874 Walker Road, Suite C, Dover, DE 19904, USA
19
annual_report
3806
1,748
The following table provides information regarding amounts in accumulated other comprehensive income that have not yet been recognized as components of net periodic benefit costs at December 31, 2008:
29
10K
4888
1,265
The MONY acquisition was accounted for under the acquisition method of accounting under ASC Topic 805. In accordance with ASC 805-20-30, all identifiable assets acquired and liabilities assumed were measured at fair value as of the acquisition date. Within one year of the acquisition date, as a result of new informatio...
137
10K
4159
2,216
At December 31, 2009, the Company consolidated four VIEs that had issued debt obligations insured by the Company. Under the new accounting standard effective January 1, 2010, consolidation was no longer required and, accordingly, the four VIEs were deconsolidated at fair value, which was approximately $791.9 million in...
69
10K
NatixisSA-AR_2008
4,246
CIB - Corporate and Institutional Relations 436 1,709 598 1,571 (27)% 9%
12
annual_report
5325
937
The Company’s present intention is to issue at least $250 million of 10 year senior notes to refinance its $360 million 6.00% Senior Notes maturing in the second quarter of 2017. For risk management purposes, during the fourth quarter of 2016, the Company entered into a derivative transaction to hedge the risk of chang...
92
10K
SwissReAG-AR_1998
469
Convertible bonds in Swiss Re shares 2.00% 07/2000 USD 140 193 492
12
annual_report
260
900
Income from continuing operations before income taxes and cumulative effect of change in accounting principle
16
10K
INGGroepNV-AR_2015
3,636
The exchange of the second tranche of EUR 337.5 million mandatorily exchangeable subordinated notes from the Anchor investors into NN Group ordinary shares in June 2015 comprised a non-cash transaction.
30
annual_report
107
291
As a result of this reduction in UNUM America's statutory earnings, the amount available under current law for payment of dividends to UNUM Corporation from all U.S. domiciled insurance subsidiaries during 1995, without state insurance regulatory approval, decreased to approximately $81.3 million, as compared with $176...
77
10K
2332
794
At December 31, 2003, the total future minimum rental commitments under noncancelable leases was $23.9 million and such yearly amounts are as follows:
23
10K
LloydsBankingGroupPLC-AR_2017
1,996
Going concern The going concern of the Company and the Group is dependent on successfully funding their respective balance sheets and maintaining adequate levels of capital. In order to satisfy themselves that the Company and the Group have adequate resources to continue to operate for the foreseeable future, the Direc...
154
annual_report
1060
232
Our commercial insurance business produced unprofitable results in 1998 compared with near breakeven underwriting results in 1997 and 1996. The combined loss and expense ratio was 104.5% in 1998 compared with 100.7% in 1997 and 99.7% in 1996.
38
10K
3194
2,219
The Company has discretion regarding whether to provide additional funding and when to provide such funding to its qualified pension plan. The Company has not determined whether or not additional funding will be made during the next fiscal year. There is no required contribution to the qualified pension plan during the...
54
10K
PosteItalianeSpA-AR_2017
7,124
In a letter from the CONSOB dated 17 January 2018, requesting data and information pursuant to art. 6-bis, paragraph 4, letter a) of Legislative Decree 58/1998, the Board was also asked to provide the supervisory authority with its views on specific aspects of investment services and regarding a request for an update o...
70
annual_report
fr_axa-AR_2006
1,497
The in force portfolio in the Western European markets where AXA operates is mainly composed of investment and savings products with discretionary participation features, generating an investment margin linked to the spread, expressed in basis points, between investment returns and returns credited to policyholders.
44
annual_report
fr_axa-AR_2011
4,128
approval on April 25, 2012 are the following: a) (i) hedging stock options or other share allocations offered to some or all eligible employees or executive offi cers of the Company and/or affi liated entities or economic interest groups as defi ned in Article L.225-180 of the French
48
annual_report
NatwestGroupPLC-AR_2016
8,637
(2) Accounting treatment: Equity accounting - Associate - EAA Equity accounting - Joint Venture - EAJV Fully consolidated - FC Investment Accounting - IA Not consolidated – NC
28
annual_report
4730
1,832
In order for a loss to be covered under the program (subject losses), the loss must meet certain aggregate industry loss minimums and must be the result of an event that is certified as an act of terrorism by the U.S. Secretary of the Treasury, in concurrence with the Secretary of State and the
54
10K
HelvetiaHoldingAG-AR_2011
161
To this end we launched various Groupwide multi-channelling and product development initiatives, supplemented by targeted acquisition activities. Seen overall the Group again reported very dynamic growth in the 2011 financial year and for the first time reached a business volume of more than CHF 7 billion. With a doubl...
211
annual_report
NatixisSA-AR_2013
3,960
For industry risk, the Sector Risk Department of the Risk division prepares a segment analysis included in a rating scale equivalent to the one used for rating major corporates. The rating procedure is based on the determination of an inherent score that is adjusted according to the position in the cycle, inherent frag...
82
annual_report
5547
1,094
On November 15, 2016, we entered into a RITC transaction of the 2007 and prior underwriting years of account of a Lloyd’s syndicate managed by Neon (formerly Marketform), under which we assumed total net insurance reserves of £121.5 million ($158.0 million) for cash consideration of an equal amount.
48
10K
Sampoplc-AR_2007
912
+ total equity ± valuation diff erences on investments less deferred tax (average of values on 1 Jan. and 31 Dec.)
21
annual_report
LloydsBankingGroupPLC-AR_2012
3,503
Definition Governance risk is defined as the risk that the Group’s organisational infrastructure fails to provide robust oversight of decision making and the control mechanisms to ensure strategies and management instructions are implemented effectively.
34
annual_report
de_allianz-AR_2012
3,795
The fair value of the SAR at grant date is measured using a Cox-Ross-Rubinstein binomial tree option pricing model. Volatility was derived from observed historical market prices. In the absence of historical information regarding employee stock appreciation exercise patterns (especially all plans issued between 2006 an...
49
annual_report
5809
3,749
(3)On the consolidated balance sheet for the years ended December 31, 2020 and 2019, $11,008 million and $9,097 million, respectively, is reported in Deferred income tax liability for jurisdictions in a net deferred income tax liability position and $94 million and $65 million, respectively, of a deferred income tax as...
65
10K
PhoenixGroupHoldingsPLC-AR_2015
867
Ɛ The Board skillset is considered balanced and right, with a continued focus on required skills in capital markets and M&A.
21
annual_report
NatixisSA-AR_2005
2,383
Natexis Banques Populaires has four main regions: - France; - Other EU countries; - North America (Canada, US); - Other OECD countries.
22
annual_report
NatwestGroupPLC-AR_2009
3,539
0.25% additional rate of increase in pensions in payment 33 41 442 383 47 63 596 695 0.25% additional rate of increase in deferred pensions 16 8 214 94 25 15 366 227 0.25% additional rate of increase in salaries 8 28 66 168 17 35 125 219
48
annual_report
AegonNV-AR_2011
6,799
�� Are available to be used only to pay or fund employee benefits and are not available to the reporting entity’s own creditors.
23
annual_report
fr_axa-AR_2000
2,428
ordinary shares pursuant to the statuts of AXA or French law, as each may be amended from time to time. Failure to comply with these disclosure requirements may affect the holder’s or beneficial owner’s ability to give voting instructions in respect of the AXA ordinary shares represented by its ADSs. See “Description o...
56
annual_report
991
134
In our opinion, the accompanying consolidated balance sheets and the related consolidated statements of income, shareholders' equity (deficit) and cash flows present fairly, in all material respects, the financial position of Regan Holding Corp. and its subsidiaries (the "Company") at December 31, 1998 and 1997, and re...
186
10K
1586
366
The Company's exposure to below-investment-grade fixed maturity securities at December 31, 2000, was $1,760.8 million, representing 7.2 percent of invested assets excluding ceded policy loans, below the Company's internal limit of 10.0 percent of invested assets for this type of investment. The Company's exposure to be...
61
10K
2239
627
To give the Company flexibility in connection with future acquisitions and other growth opportunities, the Company has registered debt securities, preferred and common stock, and stock purchase contracts of Protective Life Corporation, and additional preferred securities of special purpose finance subsidiaries under th...
53
10K
AssicurazioniGeneraliSpA-AR_2016
3,147
Investments back to policies where the risk is borne by the policyholders 63,149 10,370 1,447 74,966
16
annual_report
SwissReAG-AR_2017
4,528
As a result, a comprehensive and coordinated response to this emerging risk is currently lacking. This is needed, though, as antimicrobial resistance represents a typical “commons” or “public good” problem: a resource open to all risks to be overused by particular parties, with detrimental effects for everyone. Seen fr...
67
annual_report
1092
464
At December 31, 1998 and 1997, respectively, the Company held $773 and $678 in mortgages secured by real estate in California, comprising 26% and 25% of the respective total mortgage portfolio. For the years ended December 31, 1998, 1997 and 1996, respectively, the Company originated $222, $160 and $103 of mortgages se...
71
10K