Management's Responsibility for the Unconsolidated Condensed Financial Statements
|
|
- Garry Chambers
- 5 years ago
- Views:
Transcription
1 MAZARS June 3, 217 INDEPENDENT AUDITORS' REPORT To the Board of Directors We have audited the accompanying unconsolidated condensed financial statements of Wind haven Insurance Limited (the "Company"), which comprise the unconsolidated condensed balance sheet as of December 31, 216, and the related unconsolidated condensed statement of income and unconsolidated condensed statement of capital and surplus for the year then ended, and notes, comprising a summary of significant accounting policies and other explanatory information. Management's Responsibility for the Unconsolidated Condensed Financial Statements Management is responsible for the preparation and fair presentation of the unconsolidated condensed financial statements based on the financial reporting provisions of The Insurance Act 1978, amendments thereto and the Insurance Account Rules 216 with respect to Condensed General Purpose Financial Statements (the "Legislation"). Management is also responsible for the design, implementation, and maintenance of internal controls relevant to the preparation and fair presentation of unconsolidated financial statements that are free from material misstatement, whether due to fraud or error. Auditors' Responsibility Our responsibility is to express an opinion on these unconsolidated condensed financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the unconsolidated condensed financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the unconsolidated condensed financial statements. The procedures selected depend on our judgment, including the assessment of the risks of material misstatement of the unconsolidated condensed financial statements, whether due to fraud or error. In making those risk assessments, we consider internal control relevant to the Company's preparation and fair presentation of the unconsolidated condensed financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the unconsolidated condensed financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Victoria Hall, 7 1 Floor, 11 Victoria Street, Hamilton HM11, Bermuda P.O. Box HM 1614, Hamilton, HM GX, Bermuda Tel: Fax: info@mazars.bm
2 INDEPENDENT AUDITORS' REPORT (continued) Basis for Adverse Opinion on Accounting Standards Generally Accepted in the United States of America As described in Note 3 to the unconsolidated condensed financial statements, the unconsolidated condensed financial statements are prepared by the Company based on the financial reporting provisions of the Legislation, which is a basis of accounting other than accounting standards generally accepted in the United States of America. The effects on the unconsolidated condensed financial statements of the variances between the basis of accounting described in Note 3 and accounting standards generally accepted in the United States of America are material. Further, as described in note 3, the Company has not consolidated the financial statements of its subsidiaries, Wind haven Managers, Inc. and Wind haven Insurance Company. The investment in affiliates is therefore accounted for on a cost basis by the Company. Under accounting principles generally accepted in the United States of America, the subsidiaries should have been consolidated because they are controlled by the Company. Had Wind haven Managers, Inc. and Windhaven Insurance Company been consolidated, many elements in the accompanying unconsolidated condensed financial statements would have been materially affected. The effects on the financial statements of the failure to consolidate have not been determined. Adverse Opinion on Accounting Standards Generally Accepted in the United States of America In our opinion, because of the significance of the matter discussed in the "Basis for Adverse Opinion on accounting standards generally accepted in the United States of America" paragraph, the unconsolidated condensed financial statements referred to above do not present fairly, in accordance with accounting standards generally accepted in the United States of America, the unconsolidated financial position of the Company as of December 31, 216, or the unconsolidated results of its operations or its cash flows for the year then ended. Opinion on Unconsolidated Condensed Financial Statements In our opinion, the unconsolidated condensed financial statements referred to above present fairly, in all material respects, the unconsolidated financial position of the Company as of December 31, 216, and the unconsolidated results of its operations for the year then ended, in accordance with the financial reporting provisions of the Legislation described in Note 3. Chartered Professional Accountants Hamilton, Bermuda
3 ... CONDENSED CONSOLIDATED BALANCE SHEET As at expressed In December 31, 216 I United states DOllars LINE No, CASH AND CASH EQUIVALENTS 1,14,986) 4. (b) (C) IO) IQ (g) (h) INVESTMENTS IN 4ND ADVANCES TO AFFILIATES Unregula1ed entlties thnt conduct ancillary services Unregulated non-financial operating enuues Unregulated financial opetating cntitjes negulated non-insurance financial operau11g entitles Regulated lnsu-tance financial opctatlng entities Total investments In affiliates Advances 1o aff11la1es Total investments In and advsnces 1 atfl\fotes 6, , , I 37.92,36 1. (bl (c) ACCOUNTS AND PREMIUMS RECEIVABLE! In course of coijectlon Deferred- not yet due Receivables rtom retrocessiona l tontracls Total accounts and premiums receivable ~ TOTAL 39,161,397 TOTAL INSURANCE RESERVES, OTHER LIABILITIES AND STATUTORY CAPITAL AND SURPLUS 16. (b) (C) 17. (b) (c) UNEARNED PREMIUM RESERVE Gross unoarned premtum reserves l ess: Ceded unearned premium reserve l Foreign affiliates il. Domestic afr11ates IIi. Pools & associations iv. All other insurers Total ceded uneerned ptemlum reser.to Net unearned premium reserve LOSS AND LOSS EXPENSE PROVISIONS: Gross loss and loss expense provisions less: Reinsurance r'eooverable ba lance I. Fo1e1gn affiliates II. Domestic afflllates Ill. Pools & assogiatlons tv. All other reinsurers Total rcins\lrance recoverable balan ce Net foss and loss e,.;pense provisions , so I 272, OTHER GENERAL BUSINESS INSURANCE RESERVES 19. TOTAL GENERAL BUSINESS INSURANCE RESERVES OTHER liabilmes 3. LOANS AND NOTES PAYABLE 32. AMOUNTS DUE TO AFFILIATES 33. ACCOUNTS PAYABLE 4ND ACCRUED LIABILITIES 38. TOTAL OTHER LIABILITIES 39. TOTAL INSURANCE RESERVES AND OTHER LIABILITIES 15,1 GJ,559 I 1D,B73.Hl l 39,{161 26,76, ,361 CAPITAL AND SURPLUS 4. TOTAL CAPITAL AND SURPLUS 41. TOTAL 12,676,36 39,161,397 TRUE
4 CONDENSED CONSOLIDATED STATEMENT OF INCOME Wind haven Insurance llct. As at December 31, 216 expressed In United States Dollars tine No. 216 GENERAl BUSINESS UNDERWRITING INCOME 1. GROSS PREMIUMS WRITIEN Olrecl gross premiums wtitten {b) Assumed gross premlvms wri«en {c) Total g(oss premiums written 48, REINSURANCE PREMIUMS CEDED 3. NET PREMIUMS WRITTEN 46,375 4, INCREASE (DECREASE) IN UNEARNED PREMIUMS (136, NET PREMIUMS EARNED 272,26 6. OiliER INSURANCE INCOME 7. TOTAL GENERAL BUSIN ESS UNDERWRITING INCOME GENERAL BUSINESS UNDERWRITING EXPENSES 8. NET LOSSES INCURRED AND NET LOSS EXPENSES INCURRED 212.2so 1 9. COMMISSIONS ANO BROKERAGE 1. TOTAL GENERAL BUSINESS U NOERWRITI~'G EXPENSES 272,25 ll. NET UNDERWRITING PROFIT (LOSS) - GENERAl BUSINESS 29. COMBINED NET UNDERWRITING RESULTS BEFORE THE UNDERNOTED ITEMS UNDERNOTED ITEMS 3. COMBINED OPERATING EXPENSE (n) Ge neral and adminl strauon I ! {b) Personnel cos1 (c) Oiher Total combined operating ekpe nses 188,<11 3i COMBINED INVESTMENT INCOME NET 1.oo1.oso I 32. COMBINED OTiiER INCOME (DEDUCTIONS) 1so.ooo I 33. COMBIN ED INCOME BEFORE TAXES 1, COMBINED INCOME TAXES (If APPLICABLE}: Current (b) Deferfe!l Total 35. COMBINED INCOME BEFORE REALIZED GAINS (LOSSES) 1,393,9 36. COMBINED REALIZED GAINS (losses} so I 37, COMBINED INTEREST CHARGES!.799.so3 I 38. NET INCOME ( )
5 CONDENSED CONSOLIDATED STATEMENT OF CAPITAL AND SURPLUS. ' As., December 31, 216 expressed in Ul\ltod States Dollars LINE No CAPITAL: (b) {c) Capital Stock (I) Common Srh e:r:::es, =="'""' authodmd 12. shares of par value 1. each issued and fully paid I 2, shares (II) I (A) Prefe1red sfh,o,_,re='s'-: ----, authori-zed I shares of par value each issued and fully paid. share:; aggregate liquidation value fo r - 216~ j 215~ ~ (B) Preferred shares Issued by a subsidiary: authorized I value I fulty paid.. shares aggregatoliquldalion vshj e for ~ ~ ' shares of par each Issued and lshates of par (Ill} Treasury Srh"'ar"'e,_s ----, repurchased I value.. each Issued Conttibuted surplus Any other fixed capital (I) H)'b rld capital Instruments (} Guarantees and othe1s (liij Tota1 any other fixed capital Total Cap~al 12o.ooo I 6,414, ,534, SURPLUS: (b) Surplus. Beginning or Vear Add: Income for the yeijt 6A36.BOJ I (c) l ess: Dividends paid and payable Add (Deduct) change In unrealized appreciation (depreclauon) of Investments (e) Add (Deduct) change In any other surplus If) Surplus End of Year 3. MINORITY INTEREST 4. TOTAL CAPITAL AND SURPlUS
6 NOTES TO CONDENSED GENERAL PURPOSE FINANCIAL STATEMENTS Matters to be set forth in a General Note to the Financial Statements 1. Windhaven Insurance Limited (formerly Windhaven Holdings, Ltd.) is owned by Jimmy E. Whited. The Company was incorporated under the laws of Bermuda on 16th November 24 and holds a Class 3A license under the Insurance Act 1978 of Bermuda. 2. The Company provides catastrophic excess of loss reinsurance to a third party. The policy is effective 28th October 216 and covers reinsurance of a % share of losses and premium. 3. The condensed general purpose financial statements have been prepared in conformity with the financial reporting provisions of the Insurance Act 1978, amendments thereto and the Insurance Account Rules 216 with respect to Condensed General Purpose Financial Statements (the "Legislation"). The condensed general purpose fmancial statements are based upon accounting principles generally accepted in the United States of America ("US GAAP") but are in accordance with the reporting requirements of the Legislation, which vaties in certain respects from US GAAP. The more significant variances are as follows: A statement of cash flows is not included; A statement of comprehensive income is not included; The presentation and classification of financial statement line items is in accordance with Schedules IX and XI of the Insurance Account Rules 216 and differ from the expected presentation and classification under US GAAP; and The notes included in the condensed general purpose financial statements have been prepared in accordance with Schedule X of the Insurance Account Rules 216 a nd exclude certain information required under US GAAP. The Company has not consolidated the financial statements of its subsidiary, Windhaven Managers, lnc. Investment in Windhaven Mana gers, Inc. has been presented at cost. Windhaven Managers, Inc. also holds a subsidiary which has not been consolidated (Wirldhaven Insurance Company); the value of this investment has been included at cost per the Section 56 direction. Under accounting principles generally accepted in the United States of America, the subsidiaries should have been consolidated because they are controlled by the Company. Had Windhaven Managers, Inc. and Windhaven Insurance Company been consolidated, many clements in the accompanying condensed financial statements would have been materially affected. The effects on the financial statements of the failure to consolidate have not been determined. 4. The prepara tion of financial statements require management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the r eporting date of the fmancial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. a. Premiums assumed and acquisition expenses Premiums assumed are recorded on an accruals basis and pro-rated over the life of the insurance contracts. The unearned portions of premiums are deferred irl the balance sheet. b. Outstanding losses and loss expenses Losses and loss expenses paid are recorded when advised by the ceding insurance company. Outstanding losses are comprised of estimates of the amount of reported losses and the loss expenses received from the ceding insurance company plus a provision for losses incurred but not reported based on the recommendation of an independent actuary using the past loss experience of the company and industry data. The Company has limited loss history of its own on which to base estimates of incurred but not reported losses and therefore industry data has been used. All provisions a re periodically reviewed and evaluated in the light of emerging claim experience and changing circumstances. Management believes that the provision for outstanding losses and loss expenses will be adequate to cover the ultimate net cost of losses incurred to the balance sheet date, but the provision is necessarily an estimate and may ultimately be settled for a significantly greater or lesser amount. Any subsequent 1
7 difference arising are recorded in the period in which they are determined. The provision for losses has not been discounted. c. Investment income Investment income comprises interest income from cash held in banks and loans to affiliated companies, and is recognized on an accrual basis. d. Financial instruments Financial assets and liabilities with the exception of investments in subsidiaries are recorded at fair value. e. Investments in affiliates The Company holds investments in Windhaven Managers, Inc. [USA), Windhaven Insurance Company Ltd. (USA}, and ARM Insurance Ltd (Guernsey) Segregated Account No. Series G45 "Windhaven". 1. Investment in Windhaven Managers, Inc. has been presented at cost. Windhaven Managers, Inc. holds 1% investment in Windhaven Insurance Company Ltd. Per the Section 56 direction issued 15lh May 217 the investment in Windhaven Insurance Company Limited is presented at cost. 2. Investment in preferred shares and contributed surplus of Windhaven Insurance Company Ltd. has been presented at cost per the Section 56 direction issued 15 1 h May Investment in ARM Insurance Ltd. Segregated Account No. Series G45 "Windhaven" has been valued using the equity method. 5. Premiums income - see note 4 a. Investment income - see note 4 c. Commission income- not applicable 6. Not applicable. 7. Not applicable. 8. Not applicable. 9. Not applicable. 1. Not applicable. 11. Not applicable. 12. Not applicable. 13. Investments Fair Value Measurement Level 1: Quoted prices (una djusted) in active markets for identical assets and liabilities that the reporting entity can access at the measurement date. Level 2: inputs other than quoted prices in active markets for identical assets and liabilities that are observable either directly or indirectly. Level 3 : Unobservable inputs Per the Section 56 direction issued 15th May 217 the investment in affiliates are presented at cost, and measured as level 3 investments. 2.
8 At December 31, 216, the Company has determined fair value hierarchy as follows: Level 1 Level2 Level3 Total December 31, 216 $ $ $ $ Investment in affiliates 28,87,82 28,87,82 Total inves tments 28,87,82 28,87, Advances to affiliates consist of the following: Windhaven Insurance Company $ The balance of the loan to Wind haven Insurance Company Ltd. as of December 31, 216 was $9,832,486 including accrued interest of $1,932,486. The terms of the various loans are as follows: Principal $1,35, $1,1, $1,2, $1,5, $1,9, $ 85, $7,9, Annual Interest 8.% 8.% 8.% 8.% 5.% 5.% Repayment Date March 31, 217 June 3,217 June 3, 217 June 3, 217 June 3, 218 September 3, 218 Interest is payable upon redemption at the annual interest rates per annum above, compounded daily. 2. Investments in affiliates consist of the following: Windhaven Insurance Company - Preferred shares & contributed surplus ARM! Ltd Segregated Account No. Series G45 "Wind haven"- equity method* Windhaven Managers Inc. - at cost Total investment in affiliates $21,775,744 11,576 6,3,5 $ Windhaven Insurance Company Preferred shares investment accrue interest at 5.8% per annum compounded daily. 15. Related party transactions during the year ended 31st December 2 16: General and administrative expenses incurred with directors of the Company Interest charges incurred with affiliate companies Interest income earned from affiliate companies Other income earned from affiliate companies Repayments of loans payable to director Receipt of loans receivable from affiliate companies Repayment of loans payable to affiliate companies Payment for additional investment in afflliates $ 144, 1,799,83 1,41,5 18, 37, 53, 7,5, 11,9, Please refer to Note 14 above and Balance Sheet Note 3 for details of loans with affiliates. 16. No transactions made or other events have occurred between the reporting period end date and the date of approval of the fmancial statements by the board of directors which materially affect the fmancial statements as presented. 3
9 17. Not applicable. Matters to be set forth in Notes to the Statement of Capital and Surplus 1 Capital Stock- Authorized share capital is issued and fully paid, $12, at par value $1. of which $18, were additional shares issues in the year ended 31 December 216. l(b) 2(c) Contributed surplus- Contributed surplus is fully paid of $6,414,677 of which $114,177 was an additional contribution in the year ended 31 December 216. Dividends paid and payable - Not applicable. Matters to be set forth in Notes to the Balance Sheet - Class 3A, Class C, and Class D 1. Not applicable. 2. Not applicable. 3. Not applicable. 4. See General Notes- Note Not applicable. 6. Not applicable. 7. Not applicable. 8. Not applicable. 9. Investment income due and accrued Accrued interest receivable as of 31st December 216 was $1,932,486 and has been included in advances to affiliates. 1. Accounts and premiums receivable Details of collateralized balances- None. (b) The amount of the premiums r eceivable balance with affiliates- None. 11. Not applicable. 12. Not applicable. 13. Not applicable. 14. Not applicable. 16. Unearned premium reserve Refer to Note 4. Unearned premium reserve has been computed based on the term of the reinsurance contract and the period of time that has passed up to the reporting date. Acquisition costs have not been deducted in calculating the amount of unearned premium. 17. Loss and loss expense provisions Gross loss and loss expense provisions at beginning of the year $ 4
10 Less: Reinsurance recoverable at beginning of the year Net loss and loss expense provisions at beginning of year Current year net incurred losses and loss expenses Prior year net incurred losses and loss expenses Total net incurred losses and loss expenses Current year losses paid or payable Prior year losses paid or payable Total losses paid or payable Foreign exchange and other Net loss and loss expense provisions at the end of the year Add: reinsurance recoverable at the end of the year Gross loss and loss expense provisions at the end of the year 272,25 272,25 272,25 272,25 There are no restricted assets or unsecured policyholder obligations. 2. Not applicable. 21. Reserves for unreported claims Reserves have been established using estimates of total losses for the policy and have been confirmed by an independent loss reserve specialist. 22. Not applicable. 23. Not applicable. 24. Not applicable. 25. Not applicable. 26. Not applicable. 27. Not applicable. 28. Not applicable. 29. Not applicable. 3. Loans and notes payable: Loans and notes payable consist of the following: Greenlight Capital Re. Ltd. $15.,163,559 Loan payable to Greenlight Capital Re. Ltd. The balance of the loan as of December 31, 216 was $15,163,559 including accrued interest of $1,849,224. The loan agreement is an uncommitted revolving loan facility with the aggregate principal amount not exceeding $3,, USD. Interest is payable at 9.5% per annum compounded daily. Maturity of the existing facility is June 3, Not applicable. 32. Amounts due to affiliates Windhaven Managers lnc. Shareholder Whited Gold Segregated Account of Quest SAC Ltd. (affiliate) Whited Green Segregated Account of Quest SAC Ltd. (affiliate) Whited Red Segregated Account of Artex SAC Ltd. (affiliate) Whited Silver Segregated Account of Artex SAC Ltd. (affiliate) 12,155 8,5 7,484,159 86, ,85 2,125,789 Total amounts due to affiliates $ Loan payable to Windhaven Managers Inc. The balance of the loan as of December 31, 216 was $12,155. The loan is interest free and has no specific terms of repayment. 5
11 Loan payable to shareholder The balance of the loan as of December 31, 216 was $8,5. The loan is interest free and has no specific terms of repayment. Loan payable to R&Q Quest (SAC) Ltd. Segregated Account Whited Gold The balance of the loan as of December 31, 216 was $7,484,159 including accrued interest of $511,445. The loan period is 364 days and is renewable at the d iscretion of the lender subject to annual review. Interest is payable upon redemption at 9.5% per annum compounded daily. Loan payable to R&Q Quest (SAC) Ltd. Segregated Account Whited Green The balance of the loan as of December 3 1, 216 was $86,258 including accrued interest of $425,655. The loan period is 364 days and is renewable at the discretion of the lender subject to annual review. Interest is payable upon redemption at 2% per annum compounded daily. Loan payable to Artex SAC Ltd. Segregated Account Whited Red The balance of the loan as of December 3 1, 2 16 was $2 56,85. The loan period is 3 64 days and is renewable at the discretion of the lender subject to annual review. Interest is payable upon redemption at 2% per annum compounded daily. Loan paya ble to Artex SAC Ltd. Segregated Account Whited Silver The balance of the loan as of December 31, 216 was $2,125,789 including interest of $27,694. The loan period is 364 d ays and is renewable at the discretion of the lender subject to annual review. Interest is payable upon redemption at 9.5% per annum compounded da ily. 33. Accounts payable and accrued liabilities consist of: Management expenses Actuarial fees Audit fees Total accounts payable $ 19,71 5, 15, $ Not applicable. 35. Not applicable. 36. No t applicable. 37. Not applicable. Matters to be set forth in Notes to the Consolidated Statement of Income - Class 3A, Class C, and Class D 6. Not applicable. 15. Not applicable. 32. Other income consis ts of monthly management fee received from Windhaven Insurance Company. 36. Not applicable. 6
Haverford (Bermuda) Ltd. Condensed General Purpose Financial Statemets. For the financial year from. January 1, 2017.
Haverford (Bermuda) Ltd Condensed General Purpose Financial Statemets For the financial year from January 1, 2017 December 31, 2017 Contents Haverford (Bermuda) Ltd As at December 31, 2017 1 Contents
More informationKPMG Audit Limited Crown House 4 Par-la-Ville Road Hamilton HM 08 Bermuda. Independent Auditor s Report
kpmg KPMG Audit Limited Crown House 4 Par-la-Ville Road Hamilton HM 08 Bermuda Mailing Address: P.O. Box HM 906 Hamilton HM DX Bermuda Telephone +1 441 295 5063 Fax +1 441 295 9132 Internet www.kpmg.bm
More informationHARTFORD LIFE, LTD CONTENTS. Page: Independent Auditors' Report 1-2
HARTFORD LIFE, LTD. CONDENSED GENERAL PURPOSE FINANCIAL STATEMENTS AS AT DECEMBER 31, 2017 AND 2016 TOGETHER WITH REPORT OF INDEPENDENT PUBLIC ACCOUNTANT HARTFORD LIFE, LTD CONTENTS Page: Independent Auditors'
More informationCONDENSED BALANCE SHEET Split Rock Insurance, Ltd. As at December 31, 2016 expressed in ['000s] United States Dollars
CONDENSED BALANCE SHEET Split Rock Insurance, Ltd. As at December 31, 2016 expressed in ['000s] United States Dollars LINE No. 2016 2015 1. CASH AND CASH EQUIVALENTS 34,522 2. QUOTED INVESTMENTS: (a) Bonds
More informationCONDENSED CONSOLIDATED BALANCE SHEET Radiant Ltd. As at December 31, 2017 expressed in ['000s] United States Dollars
CONDENSED CONSOLIDATED BALANCE SHEET As at December 31, 2017 1. CASH AND CASH EQUIVALENTS 12,898,157 18,231,080 2. QUOTED INVESTMENTS: (a) Bonds and Debentures i. Held to maturity ii. Other (b) Total Bonds
More informationArthur Morris & Company Limited
Arthur Morris & Company Limited Chartered Professional Accountants Century House 1 6 Par-Ja-VIIIe Road Hamilton HMOS Bermuda Tel: Fax: +1 441 292 7478 +14412954164 Independent Auditor's Report To the Board
More informationManagement s Responsibility for the Condensed Statutory-Basis Financial Statements
Brightstar Re, Ltd. Condensed Consolidated General Purpose Financial Statements as of and for the Year Ended December 31, 2016, and Independent Auditors Report INDEPENDENT AUDITORS REPORT Board of Directors
More informationAriel Indemnity Limited. Audited Condensed General Purpose Financial Statements December 31, 2016 (U.S. dollars)
Ariel Indemnity Limited Audited Condensed General Purpose Financial Statements December 31, 2016 (U.S. dollars) Table of Contents Report of Independent Auditors... 1-2 Condensed Financial Statements Condensed
More informationAthene Life Re Ltd. Statutory Financial Return (Unaudited) December 31, 2016
Athene Life Re Ltd. Statutory Financial Return (Unaudited) December 31, 2016 Assets and liabilities related to modified coinsurance ( modco ) arrangements are presented on a gross basis. For affiliated
More informationAriel Indemnity Limited. Audited Condensed General Purpose Financial Statements December 31, 2017 (U.S. dollars)
Ariel Indemnity Limited Audited Condensed General Purpose Financial Statements December 31, 2017 (U.S. dollars) Table of Contents Report of Independent Auditors... 1-2 Condensed Financial Statements Condensed
More informationFERGUS REINSURANCE LIMITED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016
FINANCIAL STATEMENTS (AND INDEPENDENT AUDITORS REPORT THEREON) FOR THE YEARS ENDED FINANCIAL STATEMENTS AS AT CONTENTS Independent Auditors Report... 2 Statements of Financial Position... 3 Statements
More informationCONDENSED CONSOLIDATED BALANCE SHEET AXIS Ventures Reinsurance Limited As at December 31, 2017 expressed in United States Dollars
CONDENSED CONSOLIDATED BALANCE SHEET AXIS Ventures Reinsurance Limited As at December 31, 2017 expressed in United States Dollars LINE No. 2017 2016 1. CASH AND CASH EQUIVALENTS 459,330,422 180,902,578
More informationAthene Life Re Ltd. Statutory Financial Return (Unaudited) March 31, 2016
Athene Life Re Ltd. Statutory Financial Return (Unaudited) Assets and liabilities related to modified coinsurance ( modco ) arrangements were previously presented on a net basis on the statutory balance
More informationCONDENSED BALANCE SHEET Bermuda Life Worldwide Limited As at March 31, 2017 expressed in ['000s] Bermuda Dollars
CONDENSED BALANCE SHEET Bermuda Life Worldwide Limited As at March 31, 2017 expressed in ['000s] Bermuda Dollars LINE No. Note 2017 2016 1. CASH AND CASH EQUIVALENTS 391 751 2. QUOTED INVESTMENTS: (a)
More informationAAA REINSURANCE LIMITED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015
FINANCIAL STATEMENTS (AND INDEPENDENT AUDITORS REPORT THEREON) FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015 FINANCIAL STATEMENTS AS AT DECEMBER 31, 2016 AND 2015 CONTENTS Independent Auditors Report....
More informationAAA REINSURANCE LIMITED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016
FINANCIAL STATEMENTS (AND INDEPENDENT AUDITORS REPORT THEREON) FOR THE YEARS ENDED DECEMBER 31, 2017 AND 2016 FINANCIAL STATEMENTS AS AT DECEMBER 31, 2017 AND 2016 CONTENTS Independent Auditors Report....
More informationCONSOLIDATED CONDENSED BALANCE SHEET Argus International Life Bermuda Limited As at March 31, 2017 expressed in ['000s] Bermuda Dollars
CONSOLIDATED CONDENSED BALANCE SHEET Argus International Life Bermuda Limited As at March 31, 2017 expressed in ['000s] Bermuda Dollars LINE No. Note 2017 2016 1. CASH AND CASH EQUIVALENTS 3,408 2,714
More informationCITADEL REINSURANCE COMPANY LIMITED. Consolidated Financial Statements (With Independent Auditors Report Thereon)
Consolidated Financial Statements (With Independent Auditors Report Thereon) Years Ended ABCD KPMG Audit Limited Crown House 4 Par-la-Ville Road Hamilton HM 08 Bermuda Mailing Address: P.O. Box HM 906
More informationA UDITED C ONSOLIDATED F INANCIAL S TATEMENTS
A UDITED C ONSOLIDATED F INANCIAL S TATEMENTS Hamilton Re, Ltd. With Report of Independent Auditors Ernst & Young Ltd. Audited Consolidated Financial Statements For theyear Ended December 31, 2013 and
More informationSPORTING ACTIVITIES INSURANCE LIMITED. Financial Statements (With Auditor s Report Thereon) Years Ended November 30, 2017 and 2016
Financial Statements (With Auditor s Report Thereon) Years Ended kpmg KPMG Audit Limited Crown House 4 Par-la-Ville Road Hamilton HM 08 Bermuda Mailing Address: P.O. Box HM 906 Hamilton HM DX Bermuda Telephone
More informationSun Life Financial (Bermuda) Reinsurance Ltd.
Sun Life Financial (Bermuda) Reinsurance Ltd. Independent Auditors Report, Condensed General Purpose Financial Statements as of December 31, 2016 and for the Period from February 1, 2016 (Commencement
More informationCITADEL REINSURANCE COMPANY LIMITED. Consolidated Financial Statements (With Independent Auditors Report Thereon)
Consolidated Financial Statements (With Independent Auditors Report Thereon) Years Ended ABCD KPMG Audit Limited Crown House 4 Par-la-Ville Road Hamilton HM 08 Bermuda Mailing Address: P.O. Box HM 906
More informationCITADEL REINSURANCE COMPANY LIMITED. Consolidated Financial Statements (With Independent Auditor s Report Thereon)
Consolidated Financial Statements (With Independent Auditor s Report Thereon) Years Ended kpmg KPMG Audit Limited Crown House 4 Par-la-Ville Road Hamilton HM 08 Bermuda Mailing Address: P.O. Box HM 906
More informationMETTLESOME (BERMUDA) LIMITED Financial Statements. For the period January 18, 2017 to December 31, 2017
METTLESOME (BERMUDA) LIMITED Financial Statements For the period January 18, 2017 to Ernst & Young Ltd. 3 Bermudiana Road Hamilton HM 08, Bermuda P.O. Box HM 463 Hamilton HM BX, Bermuda Tel: +1 441 295
More informationBERMUDA INSURANCE ACCOUNTS REGULATIONS 1980 BR 18 / 1980
QUO FA T A F U E R N T BERMUDA INSURANCE ACCOUNTS REGULATIONS 1980 BR 18 / 1980 [made by the Minister of Finance under the Insurance Act 1978 and brought into operation on 1 January 1980] TABLE OF CONTENTS
More informationPaCRe, Ltd. (Incorporated in Bermuda) Consolidated Financial Statements For the years ended December 31, 2014 and 2013 (expressed in U.S.
(Incorporated in Bermuda) Consolidated Financial Statements (expressed in U.S. dollars) pwc April15, 2015 Independent Auditor's Report To the Board of Directors and Shareholders of Pa.CRe, Ltd. We have
More informationLumen Re Ltd. Financial Statements December 31, 2017 (expressed in U.S. dollars)
Financial Statements (expressed in U.S. dollars) Independent auditor s report To the Board of Directors and Shareholders of Our opinion In our opinion, the financial statements present fairly, in all material
More informationOIL CASUALTY INSURANCE, LTD. Consolidated Financial Statements (With Independent Auditors Report Thereon) Years Ended November 30, 2013 and 2012
Consolidated Financial Statements (With Independent Auditors Report Thereon) Years Ended ABCD KPMG Audit Limited Crown House 4 Par-la-Ville Road Hamilton HM 08 Bermuda Mailing Address: P.O. Box HM 906
More informationKPMG Audit Limited Crown House 4 Par-la-Ville Road Hamilton HM 08 Bermuda
kpmg KPMG Audit Limited Crown House 4 Par-la-Ville Road Hamilton HM 08 Bermuda Mailing Address: P.O. Box HM 906 Hamilton HM DX Bermuda Telephone +1 441 295 5063 Fax +1 441 295 9132 Internet www.kpmg.bm
More informationBoston Insurance SAC Ltd. Financial Statements December 31, 2017 and 2016 (With Independent Auditor s Report Thereon)
Financial Statements (With Independent Auditor s Report Thereon) Index to Financial Statements Independent Auditor s Report... 1 Audited Financial Statements Balance Sheets as at... 2 Statements of Operations
More informationCOLONIAL MEDICAL INSURANCE COMPANY LIMITED. Financial Statements (With Auditors Report Thereon) Year ended December 31, 2012
Financial Statements (With Auditors Report Thereon) Year ended ABCD KPMG Audit Limited Crown House 4 Par-la-Ville Road Hamilton HM 08 Bermuda Mailing Address: P.O. Box HM 906 Hamilton HM DX Bermuda Telephone
More informationBoston Insurance SAC Ltd. Financial Statements December 31, 2016 and 2015 (With Independent Auditor s Report Thereon)
Financial Statements (With Independent Auditor s Report Thereon) Index to Financial Statements Independent Auditor s Report... 1 Audited Financial Statements Balance Sheets as at... 2 Statements of Operations
More informationOIL CASUALTY INSURANCE, LTD. Consolidated Financial Statements (With Independent Auditor s Report Thereon) Years Ended November 30, 2016 and 2015
Consolidated Financial Statements (With Independent Auditor s Report Thereon) Years Ended kpmg KPMG Audit Limited Crown House 4 Par-la-Ville Road Hamilton HM 08 Bermuda Mailing Address: P.O. Box HM 906
More informationXL Life Ltd. Condensed Financial Statements For the year ended December 3 I, 2016
XL Life Ltd. Condensed Financial Statements For the year ended December 3 I, 2016 pwc April 28, 2017 Independent Auditor's Report To the Board of Directors We have audited the accompanying condensed financial
More informationPerforma Reserve Fund Ltd. - Performa Equity Fund (USD)
Performa Reserve Fund Ltd. - Performa Equity Fund (USD) Financial Statements and Independent Auditors Report December 31, 2017 Deloitte Ltd. Corner House 20 Parliament Street P.O. Box HM 1556 Hamilton
More informationValidus Reinsurance, Ltd. (Incorporated in Bermuda)
(Incorporated in Bermuda) Consolidated Financial Statements For the Years Ended December 31, 2012 and 2011 (Expressed in U.S. dollars) Independent Auditor s Report To the Board of Directors and Shareholder
More informationAUDITED FINANCIAL STATEMENTS. DaVinci Reinsurance Ltd. December 31, 2017 and 2016
AUDITED FINANCIAL STATEMENTS DaVinci Reinsurance Ltd. December 31, 2017 and 2016 Ernst & Young Ltd. 3 Bermudiana Road Hamilton HM 08, Bermuda P.O. Box 463 Hamilton HM BX, Bermuda Tel: +1 441 295 7000 Fax:
More informationAspen Bermuda Limited. Financial Statements. (With Independent Auditor s Report Thereon) December 31, 2012 and 2011
Financial Statements (With Independent Auditor s Report Thereon) ABCD KPMG Audit Limited Crown House 4 Par-la-Ville Road Hamilton HM 08 Bermuda Mailing Address: P.O. Box HM 906 Hamilton HM DX Bermuda Telephone
More informationSANDELL HOLDINGS LTD. CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015
CONSOLIDATED FINANCIAL STATEMENTS (AND INDEPENDENT AUDITOR S REPORT THEREON) FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015 CONSOLIDATED FINANCIAL STATEMENTS AS AT CONTENTS Independent Auditor s Report...
More informationARGUS INSURANCE COMPANY LIMITED. Consolidated financial statements (With Independent Auditor s Report Thereon) March 31, 2017
Consolidated financial statements (With Independent Auditor s Report Thereon) kpmg KPMG Audit Limited Crown House 4 Par-la-Ville Road Hamilton HM 08 Bermuda Independent Auditor s Report Mailing Address:
More informationAurigen Reinsurance Limited
Consolidated Financial Statements of Year ended December 31, 2017 Ernst & Young Ltd. 3 Bermudiana Road Hamilton HM 08, Bermuda P.O. Box HM 463 Hamilton HM BX, Bermuda Tel: +1 441 295 7000 Fax: +1 441 295
More informationBERMUDA LIFE INSURANCE COMPANY LIMITED. Consolidated financial statements (With Independent Auditors Report Thereon) March 31, 2015
Consolidated financial statements (With Independent Auditors Report Thereon) ABCD KPMG Audit Limited Crown House 4 Par-la-Ville Road Hamilton HM 08 Bermuda Mailing Address: P.O. Box HM 906 Hamilton HM
More informationMULTI-STRAT RE LTD. CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2016 AND DECEMBER 31, 2015
CONSOLIDATED FINANCIAL STATEMENTS (AND INDEPENDENT AUDITOR S REPORT THEREON) FOR THE YEARS ENDED MULTI -STRAT RE LTD. CONSOLIDATED FINANCIAL STATEMENTS AS AT CONTENTS Independent Auditor s Report... 2
More informationPartner Reinsurance Company Ltd.
Consolidated Financial Statements and Independent Auditors' Report December 31, 2017 and 2016 Ernst & Young Ltd. 3 Bermudiana Road Hamilton HM 08, Bermuda P.O. Box HM 463 Hamilton HM BX, Bermuda Tel: +1
More informationABR REINSURANCE LTD. Financial Statements. December 31, 2017 and 2016
Financial Statements December 31, 2017 and 2016 Index to Financial Statements Independent Auditor s Report...1 Balance Sheets as of December 31, 2017 and 2016...3 Statements of Income for the years ended
More informationWe believe that the audit evidence that we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
2012 Annual Report Auditors Report To the shareholder of Manufacturers P&C Limited We have audited the accompanying statement of financial position of Manufacturers P&C Limited as at 31 December 2012 and
More informationEVEREST INTERNATIONAL REINSURANCE, LTD. (a wholly owned subsidiary of Everest Re Group, Ltd.) GAAP Financial Statements For the Years Ended December
EVEREST INTERNATIONAL REINSURANCE, LTD. (a wholly owned subsidiary of Everest Re Group, Ltd.) GAAP Financial Statements For the 2012 and 2011 Independent Auditor's Report To the Board of Directors and
More informationHEARTLAND FARM MUTUAL INC.
Consolidated Financial Statements of HEARTLAND FARM MUTUAL INC. Year ended December 31, 2017 CONSOLIDATED FINANCIAL STATEMENTS December 31, 2017 Table of Contents Page Independent Auditors Report Appointed
More informationBERMUDA LIFE INSURANCE COMPANY LIMITED. Consolidated financial statements (With Independent Auditor s Report Thereon) March 31, 2018
Consolidated financial statements (With Independent Auditor s Report Thereon) kpmg KPMG Audit Limited Crown House 4 Par-la-Ville Road Hamilton HM 08 Bermuda Mailing Address: P.O. Box HM 906 Hamilton HM
More informationGC Palomar Holdings and Subsidiaries Year Ended December 31, 2016 With Report of Independent Auditors
C ONSOLIDATED F INANCIAL S TATEMENTS AND S UPPLEMENTARY I NFORMATION GC Palomar Holdings and Subsidiaries Year Ended December 31, 2016 With Report of Independent Auditors Ernst & Young LLP Ernst & Young
More informationStarr Insurance & Reinsurance Limited and Subsidiaries
Starr Insurance & Reinsurance Limited and Subsidiaries Financial Statements Table of Contents Page Independent Auditors Report 1 Financial Statements Consolidated Balance Sheet 3 Consolidated Statement
More informationDecember 31, 2012 and 2011
AUDITED CONSOLIDATED FINANCIAL STATEMENTS Renaissance Reinsurance Ltd. and Subsidiaries December 31, 2012 and 2011 Ernst & Young Ltd. Audited Consolidated Financial Statements Renaissance Reinsurance Ltd.
More informationThe Farmers Automobile Insurance Association
The Farmers Automobile Insurance Association Report on Audits of Financial Statements - Statutory Basis For the Years Ended December 31, 2016 and 2015 Table of Contents Page(s) Independent Auditor s Report...
More informationABR REINSURANCE LTD. Financial Statements. December 31, 2016 and 2015
Financial Statements December 31, 2016 and 2015 Index to Financial Statements Independent Auditor s Report...1 Balance Sheets as of December 31, 2016 and 2015...2 Statements of Income for the year ended
More informationValidus Reinsurance, Ltd. (Incorporated in Bermuda)
(Incorporated in Bermuda) Consolidated Financial Statements (Expressed in U.S. dollars) April 15, 2014 Independent Auditor s Report To the Board of Directors and Shareholder of Validus Reinsurance, Ltd.
More informationGermania Mutual Insurance Company Financial Statements For the year ended December 31, 2010
Germania Mutual Insurance Company Financial Statements For the year ended Contents Auditors' Report 2 Financial Statements Balance Sheet 3 Statement of Operations and Unappropriated Members' Surplus 4
More informationNORTH WATERLOO FARMERS MUTUAL INSURANCE COMPANY
Consolidated Financial Statements of NORTH WATERLOO FARMERS MUTUAL INSURANCE COMPANY (Subsequently amalgamated to form Heartland Farm Mutual Inc.) NORTH WATERLOO FARMERS MUTUAL INSURANCE COMPANY CONSOLIDATED
More informationCondensed Consolidated General Purpose Financial Statements. The Standard
Condensed Consolidated General Purpose Financial Statements 2017 The Standard CONTENTS INDEPENDENT AUDITORS' REPORT... 1 CONDENSED CONSOLIDATED BALANCE SHEET... 3 CONDENSED CONSOLIDATED STATEMENT OF INCOME...
More informationFinancial Guaranty Insurance Company Years Ended December 31, 2016 and 2015 With Report of Independent Auditors
S TATUTORY- B ASIS F INANCIAL S TATEMENTS Financial Guaranty Insurance Company Years Ended December 31, 2016 and 2015 With Report of Independent Auditors Ernst & Young LLP Statutory-Basis Financial Statements
More informationstrong reliable trustworthy forward-thinking
2011 Annual Report strong reliable trustworthy forward-thinking Auditors Report To the shareholder of Manufacturers P&C Limited We have audited the accompanying statement of financial position of Manufacturers
More informationANNUITY AND LIFE RE (HOLDINGS), L TO. AND SUBSIDIARY CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT DECEMBER 31, 2016
ANNUITY AND LIFE RE HOLDINGS), L TO. CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS' REPORT DECEMBER 31, 2016 ANNUITY AND LIFE RE HOLDINGS), L TO. CONTENTS Page Independent auditors' report
More informationNew Castle Reinsurance Company Ltd. (Incorporated in Bermuda) Financial Statements December 31, 2008 and 2007 (expressed in U.S.
(Incorporated in Bermuda) Financial Statements December 31, 2008 and 2007 Balance Sheet 2008 2007 Assets Cash and cash equivalents (note 3, 4, 10) $ 680,306,336 $ 746,021,343 Investments in fixed maturity
More informationAnnual Review. Allianz Risk Transfer
Annual Review Allianz Risk Transfer Financial Results 2013 1 2 Financial Information Allianz Risk Transfer Group Headquartered in Zurich, Allianz Risk Transfer Group (ART Group) operates through affiliated
More informationEnergy Insurance Mutual Limited. Audited Financial Statements. Years ended December 31, 2017 and 2016 with Report of Independent Auditors
Audited Financial Statements Years ended December 31, 2017 and 2016 with Report of Independent Auditors Audited Financial Statements Years ended December 31, 2017 and 2016 Contents Report of Independent
More informationUnited of Omaha Life Insurance Company A Wholly Owned Subsidiary of (Mutual of Omaha Insurance Company)
United of Omaha Life Insurance Company A Wholly Owned Subsidiary of (Mutual of Omaha Insurance Company) Statutory Financial Statements as of December 31, 2015 and 2014, and for the Years Ended December
More informationMutual of Omaha Insurance Company and Subsidiaries
Mutual of Omaha Insurance Company and Subsidiaries Consolidated Financial Statements as of and for the Years Ended December 31, 2015 and 2014, and Independent Auditors Report INDEPENDENT AUDITORS REPORT
More informationBERMUDA MONETARY AUTHORITY
BERMUDA MONETARY AUTHORITY GUIDANCE NOTES FOR COMMERCIAL INSURERS AND INSURANCE GROUPS STATUTORY REPORTING REGIME 30 th NOVEMBER 2016 Table of Contents INTRODUCTION... 5 I. AMENDMENTS TO COMMERCIAL INSURERS
More informationBF&M LIFE INSURANCE COMPANY LIMITED (Incorporated in Bermuda)
(Incorporated in Bermuda) FinanCial statements 31 December 2015-1 - BF&M LIFE INSUrlf\JCE COMPANY LIMITED Responsibility for financial reporting The management of BF&M Life Insurance Company Limited ("the
More informationBF&M LIMITED (Incorporated in Bermuda) Consolidated financial statements 31 December 2015
(Incorporated in Bermuda) Consolidated financial statements 31 December Responsibility for financial reporting The management of BF&M Limited ( the Group ) is responsible for the preparation of the consolidated
More informationEndurance Specialty Insurance Ltd. Years Ended December 31, 2012 and 2011 With Report of Independent Auditors
A UDITED CONSOLIDATED FINANCIAL STATEMENTS Endurance Specialty Insurance Ltd. Years Ended December 31, 2012 and 2011 With Report of Independent Auditors Ernst & Young Ltd. INDEX TO CONSOLIDATED FINANCIAL
More informationColonial Life Assurance Company Limited Year Ended December 31, 2016 With Independent Auditors Report
A UDITED F INANCIAL S TATEMENTS Colonial Life Assurance Company Limited Year Ended December 31, 2016 With Independent Auditors Report Ernst & Young Ltd. Audited Financial Statements Year Ended December
More informationColonial Life Assurance Company Limited Year Ended December 31, 2017 With Independent Auditor s Report
A UDITED F INANCIAL S TATEMENTS Colonial Life Assurance Company Limited Year Ended December 31, 2017 With Independent Auditor s Report Ernst & Young Ltd. Audited Financial Statements Year Ended December
More informationOHIO PLAN RISK MANAGEMENT, INC. Columbus, Ohio. FINANCIAL STATEMENTS December 31, 2016 and 2015
OHIO PLAN RISK MANAGEMENT, INC. Columbus, Ohio FINANCIAL STATEMENTS Columbus, Ohio FINANCIAL STATEMENTS CONTENTS INDEPENDENT AUDITOR S REPORT... 1 MANAGEMENT S DISCUSSION AND ANALYSIS (UNAUDITED)... 3
More informationstrong reliable trustworthy forward-thinking
2010 Annual Report strong reliable trustworthy forward-thinking Auditors Report To the shareholder of Manufacturers P&C Limited We have audited the accompanying financial statements of Manufacturers P&C
More informationEVEREST REINSURANCE (BERMUDA), LTD. (a wholly owned subsidiary of Everest Re Group, Ltd.) GAAP Financial Statements For the Years Ended December 31,
EVEREST REINSURANCE (BERMUDA), LTD. (a wholly owned subsidiary of Everest Re Group, Ltd.) GAAP Financial Statements For the 2015 and 2014 Independent Auditor's Report To the Shareholder of Everest Reinsurance
More informationOIL CASUALTY INSURANCE, LTD. Consolidated Financial Statements (With Independent Auditor s Report Thereon) Years Ended November 30, 2017 and 2016
Consolidated Financial Statements (With Independent Auditor s Report Thereon) Years Ended kpmg KPMG Audit Limited Crown House 4 Par-la-Ville Road Hamilton HM 08 Bermuda Mailing Address: P.O. Box HM 906
More informationFINANCIAL INFORMATION
FINANCIAL INFORMATION ANNUAL REPORT 2014 II INDEX Report of Independent Auditors 2 Consolidated Financial Statements 4 Consolidated Balance Sheets 4 Consolidated Statements of Income 6 Consolidated Statements
More informationSura Re Ltd. Financial Statements. From the January 01, 2017 to December 31, (expressed in U.S. dollars)
Financial Statements From the January 01, 2017 to December 31, 2017 Ernst & Young Ltd. 3 Bermudiana Road Hamilton HM 08, Bermuda P.O. Box HM 463 Hamilton HM BX, Bermuda Tel: +1 441 295 7000 Fax: +1 441
More informationPro-Demnity Insurance Company Summary Financial Statements For the year ended December 31, 2011
Pro-Demnity Insurance Company Summary Financial Statements For the year ended Contents Report of the Independent Auditor's on the Summary Financial Statements 1 Summary Financial Statements Summary Statement
More informationUnited of Omaha Life Insurance Company A Wholly Owned Subsidiary of (Mutual of Omaha Insurance Company)
UNITED OF OMAHA LIFE INSURANCE COMPANY *69868201722000100* Audited Financial Report United of Omaha Life Insurance Company A Wholly Owned Subsidiary of (Mutual of Omaha Insurance Company) Statutory Financial
More informationECCLESIA ASSURANCE COMPANY. Financial Statements. December 31, 2010 and (With Independent Auditors Report Thereon)
Financial Statements (With Independent Auditors Report Thereon) KPMG LLP 345 Park Avenue New York, NY 10154 Independent Auditors Report The Board of Directors Ecclesia Assurance Company: We have audited
More informationMAIDEN REINSURANCE LTD. Financial Statements
Financial Statements Years Ended December 31, 2016 and 2015 The report accompanying these financial statements was issued by BDO USA, LLP, a Delaware limited liability partnership and the U.S. member of
More informationFinancial Statements December 31, 2016 and 2015 South Dakota Public Assurance Alliance
Financial Statements South Dakota Public Assurance Alliance www.eidebailly.com Table of Contents Independent Auditor s Report... 1 Management s Discussion and Analysis Unaudited... 3 Financial Statements
More informationCompany: Disclosure Requirements for Insurance Entities GAAP Balance Sheet Date: December 31, 2017
Explanatory Comments The following is a list of the disclosure requirements for financial statements of insurance entities as required by generally accepted accounting principles (GAAP). This is not a
More informationMAINE EMPLOYERS MUTUAL INSURANCE COMPANY FINANCIAL STATEMENTS (STATUTORY BASIS) DECEMBER 31, 2013 AND 2012
MAINE EMPLOYERS MUTUAL INSURANCE COMPANY FINANCIAL STATEMENTS (STATUTORY BASIS) DECEMBER 31, 2013 AND 2012 Index Page(s) Report of Independent Auditors... 1 2 Financial Statements - Statements of Admitted
More informationAUDITED FINANCIAL STATEMENTS. RenaissanceRe Specialty Risks Ltd. and Subsidiary. December 31, 2015 and 2014
AUDITED FINANCIAL STATEMENTS RenaissanceRe Specialty Risks Ltd. and Subsidiary December 31, 2015 and 2014 Ernst & Young Ltd. 3 Bermudiana Road Hamilton HM08, Bermuda P.O. Box HM 463 Hamilton, HM BX, Bermuda
More informationEcclesia Assurance Company
Ecclesia Assurance Company Independent Auditors Report, Financial Statements and Exhibits As of and for the Years Ended December 31, 2014 and 2013 Accounting Tax Advisory Independent Auditors Report To
More informationABR REINSURANCE LTD. Financial Statements for the period ended. December 31, 2015
Financial Statements for the period ended December 31, 2015 Index to Financial Statements Pages Report of Independent Auditors...1 Balance Sheet as of December 31, 2015...2 Statement of Income for the
More informationAnnual Report. Manufacturers P&C Limited
2015 Annual Report Manufacturers P&C Limited Auditors Report To the shareholder of Manufacturers P&C Limited We have audited the accompanying financial statements of Manufacturers P&C Limited which comprise
More informationStatutory Financial Statements June 30, 2012 and 2011
Statutory Financial Statements June 30, 2012 and 2011 www.eidebailly.com MONTANA STATE FUND Table of Contents INDEPENDENT AUDITOR S REPORT 1 STATUTORY FINANCIAL STATEMENTS Admitted Assets, Liabilities,
More informationCUNA Mutual Holding Company and Subsidiaries
CUNA Mutual Holding Company and Subsidiaries Consolidated Financial Statements As of December 31, 2016 and 2015 and for each Of the Three Years Ended December 31, 2016 And Independent Auditors Report Table
More informationAssociated Electric & Gas Insurance Services Limited
Associated Electric & Gas Insurance Services Limited Consolidated Financial Statements as of and for the Years Ended December 31, 2016 and 2015, and Independent Auditors Report ASSOCIATED ELECTRIC & GAS
More informationWESTPOINT CAPITAL PERFORMANCE MORTGAGE INVESTMENT CORPORATION CONSOLIDATED FINANCIAL STATEMENTS
CONSOLIDATED FINANCIAL STATEMENTS December 14, 2012 Independent Auditor s Report To the Shareholders of Westpoint Capital Performance Mortgage Investment Corporation We have audited the accompanying consolidated
More information* * Mutual of Omaha Insurance Company
* 71412201622000100* MUTUAL OF OMAHA INSURANCE COMPANY Audited Financial Statement Mutual of Omaha Insurance Company Statutory Financial Statements as of and for the Years Ended December 31, 2016 and 2015,
More informationAssociated Electric & Gas Insurance Services Limited
Associated Electric & Gas Insurance Services Limited Consolidated Financial Statements as of December 31, 2017 and 2016 and for the Years Ended December 31, 2017, 2016 and 2015 and Independent Auditors
More informationManulife Financial Corporation Consolidated Financial Statements. For the year ended December 31, 2017
Manulife Financial Corporation Consolidated Financial Statements For the year ended December 31, 2017 Responsibility for Financial Reporting The accompanying consolidated financial statements of Manulife
More informationReport of Independent Auditors
BuildinCJ a better working world Er11\t K Yuunq lt(i_ J Rr rrnurhallcl f~uuct ll.rrlrillo" Hlvl Ofl, n;. rnud
More informationMaine Employers Mutual Insurance Company. Financial Statements (Statutory Basis) December 31, 2016 and 2015
Maine Employers Mutual Insurance Company Financial Statements December 31, 2016 and 2015 Index Page(s) Independent Auditor s Report... 1 2 Financial Statements - Statements of Admitted Assets, Liabilities
More informationValidus Reinsurance, Ltd. (Incorporated in Bermuda)
(Incorporated in Bermuda) Consolidated financial statements For the Years Ended December 31, 2010 and 2009 (expressed in U.S. dollars) Consolidated Balance Sheets As at December 31, 2010 and 2009 December
More informationColonial Medical Insurance Company Limited Year Ended December 31, 2016 With Independent Auditors Report
A UDITED F INANCIAL S TATEMENTS Colonial Medical Insurance Company Limited Year Ended December 31, 2016 With Independent Auditors Report Ernst & Young Ltd. Audited Financial Statements Year Ended December
More information