Table of Contents
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Front Cover
Table of Contents
Financial Highlights
At A Glance
Our Business
Chairman’s Letter
Investments
Segment Overview
50th Anniversary Feature
FORM 10-K
TABLE OF CONTENTS
UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
PART I
ITEM 1. BUSINESS
ITEM 1A. RISK FACTORS
ITEM 1B. UNRESOLVED STAFF COMMENTS
ITEM 2. PROPERTIES
ITEM 3. LEGAL PROCEEDINGS
ITEM 4. MINE SAFETY DISCLOSURES
PART II
ITEM 5. MARKET FOR THE REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
ITEM 6. SELECTED FINANCIAL DATA
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
CONSOLIDATED STATEMENTS OF INCOME
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
CONSOLIDATED STATEMENTS OF CASH FLOWS
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(1) Summary of Significant Accounting Policies
(2) Acquisitions / Dispositions
(3) Consolidated Statement of Comprehensive Income (Loss)
(4) Investments in Fixed Maturity Securities
(5) Investments in Equity Securities Available for Sale
(6) Arbitrage Trading Account
(7) Net Investment Income
(8) Investment Funds
(9) Real Estate
(10) Loans Receivable
(11) Realized and Unrealized Investment Gains (Losses)
(12) Securities in an Unrealized Loss Position
(13) Fair Value Measurements
(14) Reserves for Losses and Loss Expenses
(15) Reinsurance
(16) Indebtedness
(17) Income Taxes
(18) Dividends from Subsidiaries and Statutory Financial Information
(19) Common Stockholders’ Equity
(20) Fair Value of Financial Instruments
(21) Lease Obligations
(22) Commitments, Litigation and Contingent Liabilities
(23) Stock Incentive Plan
(24) Compensation Plans
(25) Retirement Benefits
(26) Supplemental Financial Statement Data
(27) Industry Segments
(28) Quarterly Financial Information (Unaudited)
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
ITEM 9A. CONTROLS AND PROCEDURES
ITEM 9B. OTHER INFORMATION
PART III
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
ITEM 11. EXECUTIVE COMPENSATION
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
PART IV
ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
SCHEDULE II - CONDENSED FINANCIAL INFORMATION OF REGISTRANT
SCHEDULE III - SUPPLEMENTARY INSURANCE INFORMATION
SCHEDULE IV - REINSURANCE
SCHEDULE V - VALUATION AND QUALIFYING ACCOUNTS
SCHEDULE VI - SUPPLEMENTARY INFORMATION CONCERNING PROPERTY - CASUALTY INSURANCE OPERATIONS
ITEM 16. FORM 10-K SUMMARY
SIGNATURES
Operating Units
Board of Directors & Officers
Corporate Information
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