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Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 201.85 732.15 Td (INDEX ) Tj ET Q q 0 0 0 rg BT 232.94 732.15 Td (T) Tj ET Q q 0 0 0 rg BT 238.78 732.15 Td (O QUAR) Tj ET Q q 0 0 0 rg BT 274.21 732.15 Td (TERL) Tj ET Q q 0 0 0 rg BT 297.90 732.15 Td (Y) Tj ET Q q 0 0 0 rg BT 304.06 732.15 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 337.50 732.15 Td (T) Tj ET Q q 0 0 0 rg BT 343.34 732.15 Td ( ON FORM10-Q) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 268.45 721.35 Td (September) Tj ET Q q 0 0 0 rg BT 309.78 721.35 Td ( 30, 2012) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 58.50 686.85 470.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 686.85 24.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 58.50 659.85 50.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.50 659.85 420.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 659.85 24.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 58.50 615.85 50.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.50 615.85 420.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 615.85 24.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 58.50 570.85 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.50 570.85 420.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 570.85 24.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 58.50 548.85 470.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 548.85 24.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 58.50 526.85 470.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 526.85 24.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 58.50 504.85 470.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 504.85 24.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 58.50 482.85 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.50 482.85 420.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 482.85 24.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 58.50 460.85 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.50 460.85 420.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 460.85 24.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 58.50 438.85 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.50 438.85 420.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 438.85 24.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 58.50 416.85 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.50 416.85 420.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 416.85 24.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 58.50 394.85 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.50 394.85 420.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 394.85 24.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 58.50 372.85 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.50 372.85 420.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 372.85 24.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 58.50 350.85 50.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.50 350.85 420.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 350.85 24.00 -11.00 re f /GS0 gs BT /F2 10.00 Tf ET BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F3 10.00 Tf ET 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61 673.9625976562501 m 230.658203125 673.9625976562501 l s q 0 0 1 rg BT 61.00 675.53 Td (P) Tj ET Q q 0 0 1 rg BT 66.37 675.53 Td (AR) Tj ET Q q 0 0 1 rg BT 80.46 675.53 Td (T) Tj ET Q q 0 0 1 rg BT 86.95 675.53 Td ( I. FINANCIAL) Tj ET Q q 0 0 1 rg BT 154.46 675.53 Td ( INFORMA) Tj ET Q q 0 0 1 rg BT 205.10 675.53 Td (TION) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 531.00 675.52 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 533.5 674.1833984375 m 538.5 674.1833984375 l s q 0 0 1 rg BT 533.50 675.52 Td (3) Tj ET Q BT /F3 10.00 Tf ET 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61 660.41259765625 m 183.20703125 660.41259765625 l s q 0 0 1 rg BT 61.00 661.98 Td (Item 1. Financial Statements) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 531.00 661.47 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 533.5 660.1333984375001 m 538.5 660.1333984375001 l s q 0 0 1 rg BT 533.50 661.47 Td (3) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111 649.0833984375 m 515.3798828125 649.0833984375 l s q 0 0 1 rg BT 111.00 650.42 Td (Condensed Consolidated Statements of Financial Position as of September 30, 2012 \(unaudited\) and ) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111 639.1333984375001 m 189.212890625 639.1333984375001 l s q 0 0 1 rg BT 111.00 640.47 Td (December31, 201) Tj ET Q q 0 0 1 rg BT 184.21 640.47 Td (1) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 531.00 642.52 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 533.5 641.1833984375 m 538.5 641.1833984375 l s q 0 0 1 rg BT 533.50 642.52 Td (3) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111 627.0833984375 m 524.0615234375 627.0833984375 l s q 0 0 1 rg BT 111.00 628.42 Td (Condensed Consolidated Statements of Comprehensive Income for the ) Tj ET Q q 0 0 1 rg BT 396.87 628.42 Td (Three and Nine-Month Periods ) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111 617.1333984375001 m 306.9716796875 617.1333984375001 l s q 0 0 1 rg BT 111.00 618.47 Td (Ended September 30, 2012 and 201) Tj ET Q q 0 0 1 rg BT 253.38 618.47 Td (1 \(unaudited\)) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 531.00 620.52 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 533.5 619.1833984375 m 538.5 619.1833984375 l s q 0 0 1 rg BT 533.50 620.52 Td (4) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111 605.0833984375 m 521.5029296875 605.0833984375 l s q 0 0 1 rg BT 111.00 606.42 Td (Condensed Consolidated Statements of Cash Flows for the Nine-Month Periods Ended September 30, ) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111 595.0833984375 m 218.6611328125 595.0833984375 l s q 0 0 1 rg BT 111.00 596.42 Td (2012 and 201) Tj ET Q q 0 0 1 rg BT 165.07 596.42 Td (1 \(unaudited\)) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 531.00 597.52 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 533.5 596.1833984375 m 538.5 596.1833984375 l s q 0 0 1 rg BT 533.50 597.52 Td (5) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111 582.0833984375 m 497.4697265625 582.0833984375 l s q 0 0 1 rg BT 111.00 583.42 Td (Condensed Consolidated Statements of Stockholders' Equity for the Nine-Month Periods Ended ) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111 572.1333984375001 m 278.9248046875 572.1333984375001 l s q 0 0 1 rg BT 111.00 573.47 Td (September 30, 2012 and 201) Tj ET Q q 0 0 1 rg BT 225.33 573.47 Td (1 \(unaudited\)) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 531.00 575.52 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 533.5 574.1833984375 m 538.5 574.1833984375 l s q 0 0 1 rg BT 533.50 575.52 Td (6) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 111 560.1333984375001 m 381.5078125 560.1333984375001 l s q 0 0 1 rg BT 111.00 561.47 Td (Notes to Condensed Consolidated Financial Statements \(unaudited\)) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 531.00 561.47 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 533.5 560.1333984375001 m 538.5 560.1333984375001 l s q 0 0 1 rg BT 533.50 561.47 Td (7) Tj ET Q BT /F3 10.00 Tf ET 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61 538.41259765625 m 472.62109375 538.41259765625 l s q 0 0 1 rg BT 61.00 539.98 Td (Item 2. Management) Tj ET Q q 0 0 1 rg BT 152.55 539.98 Td (s Discussion and ) Tj ET Q q 0 0 1 rg BT 224.53 539.98 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 531.00 539.47 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 533.5 538.1333984375001 m 543.5 538.1333984375001 l s q 0 0 1 rg BT 533.50 539.47 Td (18) Tj ET Q BT /F3 10.00 Tf ET 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61 516.41259765625 m 199.6083984375 516.41259765625 l s q 0 0 1 rg BT 61.00 517.98 Td (Item 4. Contr) Tj ET Q q 0 0 1 rg BT 118.86 517.98 Td (ols and Pr) Tj ET Q q 0 0 1 rg BT 162.02 517.98 Td (ocedur) Tj ET Q q 0 0 1 rg BT 191.28 517.98 Td (es) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 531.00 517.47 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 533.5 516.1333984375001 m 543.5 516.1333984375001 l s q 0 0 1 rg BT 533.50 517.47 Td (39) Tj ET Q BT /F3 10.00 Tf ET 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61 494.41259765625 m 214.5498046875 494.41259765625 l s q 0 0 1 rg BT 61.00 495.98 Td (P) Tj ET Q q 0 0 1 rg BT 66.37 495.98 Td (AR) Tj ET Q q 0 0 1 rg BT 80.46 495.98 Td (T) Tj ET Q q 0 0 1 rg BT 86.95 495.98 Td ( II. OTHER INFORMA) Tj ET Q q 0 0 1 rg BT 188.99 495.98 Td (TION) Tj ET Q BT /F3 10.00 Tf ET 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61 483.41259765625 m 171.3515625 483.41259765625 l s q 0 0 1 rg BT 61.00 484.98 Td (Item 1. Legal Pr) Tj ET Q q 0 0 1 rg BT 130.24 484.98 Td (oceedings) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 531.00 484.47 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 533.5 483.13339843750003 m 543.5 483.13339843750003 l s q 0 0 1 rg BT 533.50 484.47 Td (40) Tj ET Q BT /F3 10.00 Tf ET 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61 461.41259765625 m 154.8720703125 461.41259765625 l s q 0 0 1 rg BT 61.00 462.98 Td (Item 1A. Risk Factors) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 531.00 462.47 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 533.5 461.13339843750003 m 543.5 461.13339843750003 l s q 0 0 1 rg BT 533.50 462.47 Td (40) Tj ET Q BT /F3 10.00 Tf ET 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61 439.41259765625 m 347.3623046875 439.41259765625 l s q 0 0 1 rg BT 61.00 440.98 Td (Item 2. Unr) Tj ET Q q 0 0 1 rg BT 110.53 440.98 Td (egister) Tj ET Q q 0 0 1 rg BT 138.67 440.98 Td (ed Sales of Equity Securities and Use of Pr) Tj ET Q q 0 0 1 rg BT 319.59 440.98 Td (oceeds) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 531.00 440.47 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 533.5 439.13339843750003 m 543.5 439.13339843750003 l s q 0 0 1 rg BT 533.50 440.47 Td (51) Tj ET Q BT /F3 10.00 Tf ET 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61 417.41259765625 m 229.1396484375 417.41259765625 l s q 0 0 1 rg BT 61.00 418.98 Td (Item 3. Defaults Upon Senior) Tj ET Q q 0 0 1 rg BT 184.98 418.98 Td ( Securities) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 531.00 418.47 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 533.5 417.13339843750003 m 543.5 417.13339843750003 l s q 0 0 1 rg BT 533.50 418.47 Td (51) Tj ET Q BT /F3 10.00 Tf ET 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61 395.41259765625 m 191.625 395.41259765625 l s q 0 0 1 rg BT 61.00 396.98 Td (Item 4. Mine Safety Disclosur) Tj ET Q q 0 0 1 rg BT 187.19 396.98 Td (e) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 531.00 396.47 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 533.5 395.13339843750003 m 543.5 395.13339843750003 l s q 0 0 1 rg BT 533.50 396.47 Td (51) Tj ET Q BT /F3 10.00 Tf ET 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61 373.41259765625 m 173.578125 373.41259765625 l s q 0 0 1 rg BT 61.00 374.98 Td (Item 5. Other) Tj ET Q q 0 0 1 rg BT 118.86 374.98 Td ( Information) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 531.00 374.47 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 533.5 373.13339843750003 m 543.5 373.13339843750003 l s q 0 0 1 rg BT 533.50 374.47 Td (51) Tj ET Q BT /F3 10.00 Tf ET 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61 351.41259765625 m 129.0615234375 351.41259765625 l s q 0 0 1 rg BT 61.00 352.98 Td (Item 6. Exhibits) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 531.00 352.47 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 533.5 351.13339843750003 m 543.5 351.13339843750003 l s q 0 0 1 rg BT 533.50 352.47 Td (51) Tj ET Q BT /F3 10.00 Tf ET 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 61 329.41259765625 m 125.27734375 329.41259765625 l s q 0 0 1 rg BT 61.00 330.98 Td (SIGNA) Tj ET Q q 0 0 1 rg BT 91.93 330.98 Td (TURES) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 531.00 330.47 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 533.5 329.13339843750003 m 543.5 329.13339843750003 l s q 0 0 1 rg BT 533.50 330.47 Td (53) Tj ET Q endstream endobj 7 0 obj <>] /Rotate 0 /Contents 8 0 R>> endobj 8 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (P) Tj ET Q q 0 0 0 rg BT 55.37 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 69.46 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 75.95 742.25 Td ( I. FINANCIAL) Tj ET Q q 0 0 0 rg BT 143.46 742.25 Td ( INFORMA) Tj ET Q q 0 0 0 rg BT 194.10 742.25 Td (TION) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (Item1. Financial Statements) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 219.25 703.25 Td (A) Tj ET Q q 0 0 0 rg BT 225.73 703.25 Td (TLAS FINANCIAL) Tj ET Q q 0 0 0 rg BT 310.47 703.25 Td ( HOLDINGS, INC.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 168.10 688.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 227.92 688.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 262.48 688.25 Td (A) Tj ET Q q 0 0 0 rg BT 268.95 688.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 333.87 688.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 392.49 688.25 Td ( POSITION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.55 673.25 Td (\($ in thousands, except par values\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 626.75 364.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 626.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 626.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 626.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 602.75 364.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 602.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 602.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 602.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 578.75 364.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 578.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 578.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 578.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 554.75 364.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 554.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 554.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 554.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 530.75 364.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 530.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 530.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 530.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 506.75 364.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 506.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 506.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 506.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 482.75 364.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 482.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 482.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 482.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 458.75 364.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 458.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 458.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 458.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 434.75 364.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 434.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 434.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 434.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 410.75 364.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 410.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 410.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 410.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 386.75 364.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 386.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 386.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 386.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 362.75 364.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 362.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 362.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 362.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 338.75 364.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 338.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 338.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 338.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 293.75 364.00 -33.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 293.75 72.00 -33.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 293.75 4.00 -33.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 293.75 72.00 -33.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 227.75 364.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 227.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 227.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 227.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 203.75 364.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 203.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 203.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 203.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 179.75 364.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 179.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 179.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 179.75 72.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 626.75 m 485.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 626.75 m 489.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 626.75 m 561.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 578.75 m 485.5 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 578.75 m 489.5 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 578.75 m 561.5 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 578.75 m 485.5 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 446.75 m 485.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 446.75 m 485.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 435.75 m 485.5 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 433.75 m 485.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 446.75 m 489.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 435.75 m 489.5 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 433.75 m 489.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 446.75 m 561.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 435.75 m 561.5 435.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 433.75 m 561.5 433.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 362.75 m 485.5 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 362.75 m 489.5 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 362.75 m 561.5 362.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 351.75 m 485.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 349.75 m 485.5 349.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 351.75 m 489.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 349.75 m 489.5 349.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 351.75 m 561.5 351.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 349.75 m 561.5 349.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 191.75 m 485.5 191.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 191.75 m 489.5 191.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 191.75 m 561.5 191.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 179.75 m 485.5 179.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 179.75 m 489.5 179.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 179.75 m 561.5 179.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 179.75 m 485.5 179.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 168.75 m 485.5 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 166.75 m 485.5 166.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 168.75 m 489.5 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 166.75 m 489.5 166.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 168.75 m 561.5 168.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 166.75 m 561.5 166.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 418.50 652.48 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 439.00 642.48 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 423.95 632.48 Td (\(unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 495.90 647.48 Td (December 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 515.25 637.48 Td (2011) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 217.65 615.91259765625 m 244.3150390625 615.91259765625 l s q 0 0 0 rg BT 217.65 617.48 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 605.37 Td (Investments, available for sale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 593.37 Td (Fixed income securities, at fair value \(Amortized cost $106,122 and $101,473\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.00 593.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.15 593.37 Td (109,555) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.00 593.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 593.37 Td (103,491) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 581.37 Td (Equity securities, at fair value \(cost $0 and $994\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.65 581.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 581.37 Td (1,141) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.00 569.37 Td (Total Investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.15 569.37 Td (109,555) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 569.37 Td (104,632) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 557.37 Td (Cash and cash equivalents) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.15 557.37 Td (12,151) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 557.37 Td (23,249) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 545.37 Td (Accrued investment income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.65 545.37 Td (807) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 545.37 Td (586) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 533.37 Td (Accounts receivable and other assets \(Net of allowance of $385 and $4,254\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.15 533.37 Td (24,811) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 533.37 Td (9,579) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 521.37 Td (Reinsurance recoverables, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 521.37 Td (6,983) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 521.37 Td (8,044) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 509.37 Td (Prepaid reinsurance premiums) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 509.37 Td (2,219) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 509.37 Td (2,214) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 497.37 Td (Deferred policy acquisition costs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 497.37 Td (4,501) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 497.37 Td (3,020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 485.37 Td (Deferred tax asset, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 485.37 Td (6,343) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 485.37 Td (6,775) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 473.37 Td (Software and office equipment, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 473.37 Td (1,157) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 473.37 Td (440) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 461.37 Td (Assets held for sale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.65 461.37 Td (166) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 461.37 Td (13,634) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 449.37 Td (Investment in investees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 449.37 Td (1,250) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 449.37 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.00 437.48 Td (Total Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.00 437.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.15 437.37 Td (169,943) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.00 437.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 437.37 Td (172,173) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 209.6 411.91259765625 m 252.383203125 411.91259765625 l s q 0 0 0 rg BT 209.60 413.48 Td (Liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 401.37 Td (Claims liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.00 401.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.15 401.37 Td (73,574) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.00 401.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 401.37 Td (91,643) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 389.37 Td (Unearned premiums) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.15 389.37 Td (28,325) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 389.37 Td (15,691) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 377.37 Td (Due to reinsurers and other insurers) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 377.37 Td (4,658) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 377.37 Td (5,701) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 365.37 Td (Other liabilities and accrued expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 365.37 Td (4,283) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 365.37 Td (2,884) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.00 353.48 Td (Total Liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.00 353.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.15 353.37 Td (110,840) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.00 353.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 353.37 Td (115,919) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 185.75 327.91259765625 m 276.228515625 327.91259765625 l s q 0 0 0 rg BT 185.75 329.48 Td (Shareholders Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 317.32 Td (Preferred shares, par value per share $0.001, 100,000,000 shares authorized, 18,000,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 307.32 Td (shares issued and outstanding at September 30, 2012 and December 31, 2011.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 297.32 Td (Liquidation value $1.00 per share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.00 298.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.15 298.42 Td (18,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.00 298.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 298.42 Td (18,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 284.32 Td (Ordinary voting common shares, par value per share $0.001, 800,000,000 shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 274.32 Td (authorized, 4,628,292 shares issued and outstanding at September 30, 2012 and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 264.32 Td (4,625,526 at December 31, 2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 265.42 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.65 265.42 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 251.32 Td (Restricted voting common shares, par value per share $0.001, 100,000,000 shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 241.32 Td (authorized, 13,804,861 shares issued and outstanding at September 30, 2012 and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 231.32 Td (December 31, 2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.65 232.42 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 232.42 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 218.37 Td (Additional paid-in capital) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.15 218.37 Td (152,739) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 218.37 Td (152,652) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 206.37 Td (Retained deficit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.80 206.37 Td (\(113,919) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.65 206.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.80 206.37 Td (\(115,841) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 206.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 194.37 Td (Accumulated other comprehensive income, net of tax) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 194.37 Td (2,265) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 194.37 Td (1,425) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.00 182.48 Td (Total Shareholders Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.00 182.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.15 182.37 Td (59,103) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.00 182.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 182.37 Td (56,254) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.00 170.48 Td (Total Liabilities and Shareholders Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.00 170.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.15 170.37 Td (169,943) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.00 170.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 170.37 Td (172,173) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.90 144.25 Td (See accompanying Notes to Condensed Consolidated Financial Statements.) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 9 0 obj <>] /Rotate 0 /Contents 10 0 R>> endobj 10 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 219.25 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 225.73 730.25 Td (TLAS FINANCIAL) Tj ET Q q 0 0 0 rg BT 310.47 730.25 Td ( HOLDINGS, INC.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 95.00 715.25 Td (CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 220.11 715.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 254.66 715.25 Td (A) Tj ET Q q 0 0 0 rg BT 261.14 715.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 326.06 715.25 Td ( COMPREHENSIVE INCOME \(Unaudited\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.20 700.25 Td (\($ in thousands, except per share data\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 638.75 233.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 638.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 638.75 6.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 638.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 638.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 638.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 638.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 614.75 233.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 565.75 233.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 565.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 565.75 6.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 565.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 565.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 565.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 565.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 541.75 233.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 541.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 541.75 6.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 541.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 541.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 541.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 541.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 517.75 233.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 517.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 517.75 6.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 517.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 517.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 517.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 517.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 493.75 233.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 493.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 493.75 6.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 493.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 493.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 493.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 493.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 469.75 300.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 469.75 6.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 469.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 469.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 469.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 469.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 437.75 233.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 282.50 437.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 437.75 6.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 437.75 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 437.75 67.00 -12.00 re f /GS0 gs 0.8 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j 3 M 494.5 553.75 m 561.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 541.75 m 561.5 541.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 541.75 m 349.5 541.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 541.75 m 489.5 541.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 517.75 m 349.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 517.75 m 355.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 517.75 m 422.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 517.75 m 489.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 517.75 m 494.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 517.75 m 561.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 517.75 m 349.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 517.75 m 489.5 517.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 493.75 m 349.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 482.75 m 349.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 480.75 m 349.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 493.75 m 355.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 482.75 m 355.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 480.75 m 355.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 493.75 m 422.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 482.75 m 422.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 480.75 m 422.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 493.75 m 489.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 482.75 m 489.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 480.75 m 489.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 493.75 m 494.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 482.75 m 494.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 480.75 m 494.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 493.75 m 561.5 493.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 482.75 m 561.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 480.75 m 561.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 413.75 m 349.5 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 413.75 m 355.5 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 413.75 m 422.5 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 413.75 m 489.5 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 413.75 m 494.5 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 413.75 m 561.5 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 282.5 413.75 m 349.5 413.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 306.50 680.48 Td (Three Months Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.70 680.48 Td (Nine Months Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 285.00 665.43 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 305.50 655.43 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 358.00 665.43 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 378.75 655.43 Td (2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 425.00 665.43 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 445.50 655.43 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 497.00 665.43 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 517.75 655.43 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 641.37 Td (Net premiums earned) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.00 641.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.15 641.37 Td (10,934) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.00 641.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.15 641.37 Td (8,797) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.00 641.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.15 641.37 Td (26,795) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.00 641.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 641.37 Td (26,668) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 629.37 Td (Net investment income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.65 629.37 Td (613) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.65 629.37 Td (719) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.15 629.37 Td (1,878) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 629.37 Td (2,652) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 617.37 Td (Net investment gains) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.65 617.37 Td (779) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.15 617.37 Td (1,962) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.15 617.37 Td (1,098) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 617.37 Td (2,813) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 605.37 Td (Other income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.65 605.37 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.65 605.37 Td (113) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.65 605.37 Td (169) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.65 605.37 Td (3) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 593.48 Td (T) Tj ET Q q 0 0 0 rg BT 57.75 593.48 Td (otal r) Tj ET Q q 0 0 0 rg BT 80.62 593.48 Td (evenue) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.15 593.37 Td (12,327) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.15 593.37 Td (11,591) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.15 593.37 Td (29,940) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 593.37 Td (32,136) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 581.32 Td (Net claims incurred) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.15 581.32 Td (7,165) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.15 581.32 Td (6,984) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.15 581.32 Td (18,477) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 581.32 Td (20,596) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 568.37 Td (Acquisition costs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.15 568.37 Td (1,813) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.15 568.37 Td (1,720) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.15 568.37 Td (4,582) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 568.37 Td (5,343) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 556.37 Td (Other underwriting expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.15 556.37 Td (1,692) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.15 556.37 Td (1,822) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.15 556.37 Td (4,959) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 556.37 Td (5,642) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 544.48 Td (T) Tj ET Q q 0 0 0 rg BT 57.75 544.48 Td (otal expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.00 544.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.15 544.37 Td (10,670) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.00 544.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.15 544.37 Td (10,526) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.00 544.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.15 544.37 Td (28,018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.00 544.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 544.37 Td (31,581) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 532.37 Td (Income from operations before income tax \(benefit\)/) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.00 532.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.15 532.37 Td (1,657) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.00 532.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.15 532.37 Td (1,066) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.00 532.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.15 532.37 Td (1,922) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.00 532.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 532.37 Td (555) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 520.37 Td (Income tax expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.65 520.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.65 520.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.65 520.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 520.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 508.37 Td (Net income attributable to Atlas) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.00 508.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.15 508.37 Td (1,657) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.00 508.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.15 508.37 Td (1,066) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.00 508.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.15 508.37 Td (1,922) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.00 508.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 508.37 Td (555) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 496.37 Td (Less: Preferred share dividends) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.65 496.37 Td (202) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.65 496.37 Td (202) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.65 496.37 Td (606) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 496.37 Td (606) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 484.37 Td (Net income/\(loss\) attributable to common shareholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.15 484.37 Td (1,455) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.65 484.37 Td (864) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.15 484.37 Td (1,316) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.30 484.37 Td (\(51) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 484.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 460.37 Td (Other comprehensive income/\(loss\) related to Available for Sale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 442.42 Td (Changes in net unrealized \(losses\)/gains) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.00 442.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.65 442.42 Td (942) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.00 442.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.30 442.47 Td (\(96) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.65 442.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.00 442.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.15 442.42 Td (1,899) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.00 442.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 442.42 Td (43) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 428.37 Td (Reclassification to income of net gains) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.30 428.37 Td (\(353) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.65 428.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.80 428.37 Td (\(1,185) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.65 428.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.30 428.37 Td (\(632) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.65 428.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.80 428.37 Td (\(2,089) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 428.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 416.37 Td (Effect of income tax) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.30 416.37 Td (\(200) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.65 416.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.65 416.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.30 416.37 Td (\(427) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.65 416.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 416.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 404.37 Td (Other comprehensive income/\(loss\) for the period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.65 404.37 Td (389) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.80 404.37 Td (\(1,281) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.65 404.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.65 404.37 Td (840) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.80 404.37 Td (\(2,046) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 404.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 392.37 Td (Total comprehensive income/\(loss\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.00 392.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.15 392.37 Td (2,046) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.00 392.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.30 392.37 Td (\(215) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.65 392.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.00 392.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.15 392.37 Td (2,762) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.00 392.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.80 392.37 Td (\(1,491) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 392.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 356.37 Td (Basic weighted average common shares outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.65 356.37 Td (18,433,153) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.65 356.37 Td (18,374,968) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.65 356.37 Td (18,438,537) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.65 356.37 Td (18,372,529) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 344.37 Td (Earnings/\(loss\) per common share, basic) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.00 344.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.15 344.37 Td (0.08) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.00 344.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.15 344.37 Td (0.05) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.00 344.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.15 344.37 Td (0.07) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.00 344.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 344.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 332.37 Td (Diluted weighted average common shares outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.65 332.37 Td (18,447,902) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.65 332.37 Td (18,415,488) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.65 332.37 Td (18,451,755) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.65 332.37 Td (18,372,529) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 320.37 Td (Earnings/\(loss\) per common share, diluted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.00 320.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.15 320.37 Td (0.08) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.00 320.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.15 320.37 Td (0.05) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.00 320.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.15 320.37 Td (0.07) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.00 320.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 320.37 Td () Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.90 294.25 Td (See accompanying Notes to Condensed Consolidated Financial Statements.) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 11 0 obj <>] /Rotate 0 /Contents 12 0 R>> endobj 12 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (5) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 219.25 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 225.73 742.25 Td (TLAS FINANCIAL) Tj ET Q q 0 0 0 rg BT 310.47 742.25 Td ( HOLDINGS, INC.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 128.90 727.25 Td (CONDENSED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 254.01 727.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 288.56 727.25 Td (A) Tj ET Q q 0 0 0 rg BT 295.04 727.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 359.96 727.25 Td ( CASH FLOWS \(Unaudited\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 648.75 358.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 648.75 75.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 648.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 648.75 75.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 624.75 358.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 624.75 75.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 624.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 624.75 75.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 600.75 358.00 -12.00 re f /GS0 gs 0.8 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265.50 525.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 525.20 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 525.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 525.20 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 525.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 525.20 54.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 525.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 525.20 68.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 525.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 525.20 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 500.20 102.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 152.50 500.20 55.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 500.20 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 500.20 54.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 500.20 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 500.20 55.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 500.20 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 500.20 55.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 500.20 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 500.20 54.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 500.20 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 500.20 68.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 500.20 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 500.20 45.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 469.20 102.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 152.50 469.20 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 469.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 469.20 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 469.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 469.20 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 469.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 469.20 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.50 469.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 387.50 469.20 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 469.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 469.20 68.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 469.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 469.20 45.00 -13.00 re f /GS0 gs 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 681.2 m 207.5 681.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 642.2 m 207.5 642.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 681.2 m 211.5 681.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207.5 642.2 m 211.5 642.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 681.2 m 265.5 681.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211.5 642.2 m 265.5 642.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 681.2 m 269.5 681.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265.5 642.2 m 269.5 642.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 681.2 m 324.5 681.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 642.2 m 324.5 642.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 681.2 m 328.5 681.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 642.2 m 328.5 642.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 681.2 m 383.5 681.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 642.2 m 383.5 642.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 681.2 m 387.5 681.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383.5 642.2 m 387.5 642.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 681.2 m 441.5 681.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387.5 642.2 m 441.5 642.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 681.2 m 445.5 681.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 642.2 m 445.5 642.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 681.2 m 513.5 681.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 642.2 m 513.5 642.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 681.2 m 517.5 681.2 l 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0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 642.2 m 445.5 642.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 623.2 m 445.5 623.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 642.2 m 513.5 642.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 623.2 m 513.5 623.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 642.2 m 517.5 642.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 623.2 m 517.5 623.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 642.2 m 562.5 642.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 623.2 m 562.5 623.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 623.2 m 383.5 623.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 623.2 m 513.5 623.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 623.2 m 562.5 623.2 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 571.2 m 562.5 571.2 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/F3 9.00 Tf ET q 0 0 0 rg BT 225.05 645.60 Td (Shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 276.75 672.60 Td (Restricted) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 283.90 663.60 Td (Voting) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 278.75 654.60 Td (Common) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 283.55 645.60 Td (Shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 334.95 664.65 Td (Additional) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.45 655.65 Td (Paid-in) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 341.20 646.65 Td (Capital) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 396.75 655.65 Td (Retained) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 401.25 646.65 Td (Deficit) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.50 672.60 Td (Accumulated) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 467.55 663.60 Td (Other) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 449.05 654.60 Td (Comprehensive) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 453.60 645.60 Td (Income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 529.65 646.65 Td (Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 627.43 Td (Balance December 31, 2010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.00 627.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.15 627.87 Td (18,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.00 627.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.65 627.87 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.00 627.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.65 627.87 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.00 627.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.15 627.87 Td (152,466) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.00 627.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.80 627.92 Td (\(113,371) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.65 627.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.00 627.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.15 627.87 Td (3,056) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.00 627.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.10 627.87 Td (60,169) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 614.43 Td (Net loss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.65 613.77 Td (555) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 613.77 Td (555) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 601.43 Td (Other comprehensive loss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.80 600.82 Td (\(2,046) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.65 600.77 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 600.82 Td (\(2,046) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 600.77 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 588.43 Td (Share-based compensation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.65 587.77 Td (84) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 587.77 Td (84) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 575.43 Td (Stock options exercised) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.65 574.77 Td (19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 574.77 Td (19) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 559.43 Td (Balance September 30, 2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.00 559.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.15 559.87 Td (18,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.00 559.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.65 559.87 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.00 559.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.65 559.87 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.00 559.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.15 559.87 Td (152,569) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.00 559.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.80 559.92 Td (\(112,816) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.65 559.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.00 559.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.15 559.87 Td (1,010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.00 559.87 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.10 559.87 Td (58,781) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 517.28 Td (Balance December 31, 2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.00 515.82 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.15 515.82 Td (18,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.00 515.82 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.65 515.82 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.00 515.82 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.65 515.82 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.00 515.82 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.15 515.82 Td (152,652) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.00 515.82 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.80 515.82 Td (\(115,841) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.65 515.82 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.00 515.82 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.15 515.82 Td (1,425) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.00 515.82 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.10 515.82 Td (56,254) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 505.28 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.15 503.77 Td (1,922) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 503.77 Td (1,922) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 492.28 Td (Other comprehensive) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 484.33 Td (income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.65 486.87 Td (840) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 486.87 Td (840) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 473.43 Td (Share-based compensation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.65 472.77 Td (84) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 472.77 Td (84) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 460.43 Td (Stock options exercised) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.65 459.77 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 459.77 Td (3) Tj ET Q BT 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0 rg BT 531.10 446.82 Td (59,103) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.90 416.82 Td (See accompanying Notes to Condensed Consolidated Financial Statements.) 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BT 115.87 681.10 Td (its ) Tj ET Q q 0 0 0 rg BT 127.89 681.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 168.77 681.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 220.49 681.10 Td (American ) Tj ET Q q 0 0 0 rg BT 262.48 681.10 Td (Country ) Tj ET Q q 0 0 0 rg BT 297.82 681.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 339.26 681.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 380.71 681.10 Td (\(American ) Tj ET Q q 0 0 0 rg BT 430.47 681.10 Td (Country\) ) Tj ET Q q 0 0 0 rg BT 473.59 681.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.03 681.10 Td (American ) Tj ET Q q 0 0 0 rg BT 532.02 681.10 Td (Service ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 669.10 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 91.80 669.10 Td (Company) Tj ET Q q 0 0 0 rg BT 130.03 669.10 Td (, ) Tj ET Q q 0 0 0 rg BT 135.46 669.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 153.66 669.10 Td (\(American ) Tj ET Q q 0 0 0 rg BT 203.78 669.10 Td (Service\), ) Tj ET Q q 0 0 0 rg BT 246.96 669.10 Td (have ) Tj ET Q q 0 0 0 rg BT 268.77 669.10 Td (been ) Tj ET Q q 0 0 0 rg BT 290.57 669.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 328.48 669.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 365.85 669.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.55 669.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.70 669.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 414.07 669.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.43 669.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 478.79 669.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.05 669.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.20 669.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 547.56 669.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 657.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 90.79 657.10 Td (Commission ) Tj ET Q q 0 0 0 rg BT 142.73 657.10 Td (\(SEC\) ) Tj ET Q q 0 0 0 rg BT 177.97 657.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.78 657.10 Td (do ) Tj ET Q q 0 0 0 rg BT 205.15 657.10 Td (not ) Tj ET Q q 0 0 0 rg BT 219.30 657.10 Td (include ) Tj ET Q q 0 0 0 rg BT 250.10 657.10 Td (all ) Tj ET Q q 0 0 0 rg BT 261.46 657.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.05 657.10 Td (information ) Tj ET Q q 0 0 0 rg BT 323.63 657.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.44 657.10 Td (footnotes ) Tj ET Q q 0 0 0 rg BT 378.02 657.10 Td (required ) Tj ET Q q 0 0 0 rg BT 412.70 657.10 Td (by ) Tj ET Q q 0 0 0 rg BT 424.07 657.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 443.23 657.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 481.80 657.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 518.14 657.10 Td (accounting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 645.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 91.21 645.10 Td (\(U.S. ) Tj ET Q q 0 0 0 rg BT 118.53 645.10 Td (GAAP\) ) Tj ET Q q 0 0 0 rg BT 155.30 645.10 Td (for ) Tj ET Q q 0 0 0 rg BT 168.74 645.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 207.16 645.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 243.92 645.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 290.40 645.10 Td (In ) Tj ET Q q 0 0 0 rg BT 300.50 645.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.50 645.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 346.83 645.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.93 645.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 412.29 645.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.28 645.10 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 467.49 645.10 Td (condensed ) Tj ET Q q 0 0 0 rg BT 511.47 645.10 Td (consolidated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 633.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.20 633.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 131.63 633.10 Td (include ) Tj ET Q q 0 0 0 rg BT 163.29 633.10 Td (all ) Tj ET Q q 0 0 0 rg BT 175.50 633.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 225.50 633.10 Td (\(consisting ) Tj ET Q q 0 0 0 rg BT 271.61 633.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.16 633.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 312.70 633.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 351.57 633.10 Td (accruals\) ) Tj ET Q q 0 0 0 rg BT 389.87 633.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 435.41 633.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 476.50 633.10 Td (for ) Tj ET Q q 0 0 0 rg BT 490.38 633.10 Td (a ) Tj ET Q q 0 0 0 rg BT 497.04 633.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 513.13 633.10 Td (presentation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 621.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.09 621.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.06 621.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 113.80 621.10 Td (position ) Tj ET Q q 0 0 0 rg BT 148.79 621.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.98 621.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.96 621.10 Td (results ) Tj ET Q q 0 0 0 rg BT 209.82 621.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.91 621.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 267.82 621.10 Td (It ) Tj ET Q q 0 0 0 rg BT 276.69 621.10 Td (is ) Tj ET Q q 0 0 0 rg BT 286.12 621.10 Td (recommended ) Tj ET Q q 0 0 0 rg BT 345.52 621.10 Td (that ) Tj ET Q q 0 0 0 rg BT 363.27 621.10 Td (these ) Tj ET Q q 0 0 0 rg BT 386.57 621.10 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 428.76 621.10 Td (condensed ) Tj ET Q q 0 0 0 rg BT 473.73 621.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.03 621.10 Td (financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 609.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.37 609.10 Td (be ) Tj ET Q q 0 0 0 rg BT 105.96 609.10 Td (read ) Tj ET Q q 0 0 0 rg BT 125.32 609.10 Td (in ) Tj ET Q q 0 0 0 rg BT 135.26 609.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 184.63 609.10 Td (with ) Tj ET Q q 0 0 0 rg BT 204.56 609.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.93 609.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 250.52 609.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 287.66 609.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 332.03 609.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.62 609.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.99 609.10 Td (footnotes ) Tj ET Q q 0 0 0 rg BT 402.37 609.10 Td (thereto ) Tj ET Q q 0 0 0 rg BT 432.29 609.10 Td (included ) Tj ET Q q 0 0 0 rg BT 468.87 609.10 Td (in ) Tj ET Q q 0 0 0 rg BT 478.81 609.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.18 609.10 Td (Company) Tj ET Q q 0 0 0 rg BT 534.85 609.10 Td (s ) Tj ET Q q 0 0 0 rg BT 540.89 609.10 Td (latest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 597.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 81.94 597.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 111.66 597.10 Td (on ) Tj ET Q q 0 0 0 rg BT 124.16 597.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 148.33 597.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 171.38 597.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 185.54 597.10 Td (amended\).) 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Td (its ) Tj ET Q q 0 0 0 rg BT 522.02 580.10 Td (Statement ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 568.10 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 126.09 568.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 158.58 568.10 Td (according ) Tj ET Q q 0 0 0 rg BT 200.50 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.78 568.10 Td (rule ) Tj ET Q q 0 0 0 rg BT 228.83 568.10 Td (7-04 ) Tj ET Q q 0 0 0 rg BT 249.66 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.49 568.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 306.87 568.10 Td (S-X. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 551.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.10 551.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 100.32 551.10 Td (business ) Tj ET Q q 0 0 0 rg BT 135.77 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.31 551.10 Td (Atlas, ) Tj ET Q q 0 0 0 rg BT 170.48 551.10 Td (which ) Tj ET Q q 0 0 0 rg BT 196.47 551.10 Td (is ) Tj ET Q q 0 0 0 rg BT 204.70 551.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 234.01 551.10 Td (out ) Tj ET Q q 0 0 0 rg BT 248.35 551.10 Td (through ) Tj ET Q q 0 0 0 rg BT 281.01 551.10 Td (its ) Tj ET Q q 0 0 0 rg BT 292.02 551.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 331.89 551.10 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 383.17 551.10 Td (is ) Tj ET Q q 0 0 0 rg BT 391.39 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.17 551.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 458.38 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.27 551.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 517.02 551.10 Td (automobile ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 539.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 89.91 539.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 122.60 539.10 Td (in ) Tj ET Q q 0 0 0 rg BT 131.97 539.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.78 539.10 Td (United ) Tj ET Q q 0 0 0 rg BT 174.58 539.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 202.56 539.10 Td (with ) Tj ET Q q 0 0 0 rg BT 221.93 539.10 Td (a ) Tj ET Q q 0 0 0 rg BT 227.96 539.10 Td (niche ) Tj ET Q q 0 0 0 rg BT 251.21 539.10 Td (market ) Tj ET Q q 0 0 0 rg BT 280.56 539.10 Td (orientation ) Tj ET Q q 0 0 0 rg BT 325.47 539.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.50 539.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 364.75 539.10 Td (on ) Tj ET Q q 0 0 0 rg BT 376.34 539.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 416.25 539.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.62 539.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.43 539.10 Td (light ) Tj ET Q q 0 0 0 rg BT 468.23 539.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 517.02 539.10 Td (automobile ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 527.10 Td (sector) Tj ET Q q 0 0 0 rg BT 73.33 527.10 Td (. ) Tj ET Q q 0 0 0 rg BT 78.51 527.10 Td (This ) Tj ET Q q 0 0 0 rg BT 99.19 527.10 Td (sector ) Tj ET Q q 0 0 0 rg BT 125.96 527.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 162.18 527.10 Td (taxi ) Tj ET Q q 0 0 0 rg BT 180.08 527.10 Td (cabs, ) Tj ET Q q 0 0 0 rg BT 203.24 527.10 Td (non-emer) Tj ET Q q 0 0 0 rg BT 241.38 527.10 Td (gency ) Tj ET Q q 0 0 0 rg BT 268.15 527.10 Td (para-transit, ) Tj ET Q q 0 0 0 rg BT 319.08 527.10 Td (limousine, ) Tj ET Q q 0 0 0 rg BT 363.92 527.10 Td (livery ) Tj ET Q q 0 0 0 rg BT 390.14 527.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.48 527.10 Td (business ) Tj ET Q q 0 0 0 rg BT 444.27 527.10 Td (autos. ) Tj ET Q q 0 0 0 rg BT 470.77 527.10 Td ( ) Tj ET Q q 0 0 0 rg BT 473.03 527.10 Td (Automobile ) Tj ET Q q 0 0 0 rg BT 523.70 527.10 Td (insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 515.10 Td (products ) Tj ET Q q 0 0 0 rg BT 87.52 515.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 121.14 515.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 162.54 515.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 201.70 515.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.56 515.10 Td (three ) Tj ET Q q 0 0 0 rg BT 235.62 515.10 Td (major ) Tj ET Q q 0 0 0 rg BT 262.02 515.10 Td (areas: ) Tj ET Q q 0 0 0 rg BT 288.42 515.10 Td (liability) Tj ET Q q 0 0 0 rg BT 318.88 515.10 Td (, ) Tj ET Q q 0 0 0 rg BT 324.46 515.10 Td (accident ) Tj ET Q q 0 0 0 rg BT 360.84 515.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 395.58 515.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.10 515.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 449.50 515.10 Td (damage. ) Tj ET Q q 0 0 0 rg BT 486.17 515.10 Td (Liability ) Tj ET Q q 0 0 0 rg BT 523.69 515.10 Td (insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 503.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 87.21 503.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 126.07 503.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 157.17 503.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.73 503.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 195.50 503.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 220.49 503.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.70 503.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 282.14 503.10 Td (where ) Tj ET Q q 0 0 0 rg BT 309.34 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.34 503.10 Td (insured ) Tj ET Q q 0 0 0 rg BT 356.55 503.10 Td (is ) Tj ET Q q 0 0 0 rg BT 365.99 503.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 413.75 503.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.30 503.10 Td (be ) Tj ET Q q 0 0 0 rg BT 436.52 503.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 484.84 503.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 513.16 503.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 538.15 503.10 Td (for ) Tj ET Q q 0 0 0 rg BT 552.58 503.10 Td (an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 491.10 Td (automobile ) Tj ET Q q 0 0 0 rg BT 96.96 491.10 Td (accident, ) Tj ET Q q 0 0 0 rg BT 134.73 491.10 Td (for ) Tj ET Q q 0 0 0 rg BT 148.36 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.54 491.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 198.95 491.10 Td (for ) Tj ET Q q 0 0 0 rg BT 212.57 491.10 Td (injuries ) Tj ET Q q 0 0 0 rg BT 244.53 491.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.94 491.10 Td (property ) Tj ET Q q 0 0 0 rg BT 296.78 491.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 329.84 491.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.59 491.10 Td (third ) Tj ET Q q 0 0 0 rg BT 360.44 491.10 Td (parties. ) Tj ET Q q 0 0 0 rg BT 391.13 491.10 Td (Accident ) Tj ET Q q 0 0 0 rg BT 429.19 491.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 458.92 491.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 491.99 491.10 Td (or ) Tj ET Q q 0 0 0 rg BT 502.29 491.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 538.13 491.10 Td (injury ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 479.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 92.97 479.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 126.51 479.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 159.49 479.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 198.00 479.10 Td (for ) Tj ET Q q 0 0 0 rg BT 212.09 479.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 230.09 479.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.85 479.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 275.21 479.10 Td (medical ) Tj ET Q q 0 0 0 rg BT 309.30 479.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.17 479.10 Td (rehabilitation ) Tj ET Q q 0 0 0 rg BT 381.91 479.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 420.44 479.10 Td (for ) Tj ET Q q 0 0 0 rg BT 434.54 479.10 Td (insured ) Tj ET Q q 0 0 0 rg BT 466.41 479.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 499.39 479.10 Td (who ) Tj ET Q q 0 0 0 rg BT 519.04 479.10 Td (are ) Tj ET Q q 0 0 0 rg BT 533.68 479.10 Td (injured ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 467.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.31 467.10 Td (an ) Tj ET Q q 0 0 0 rg BT 72.27 467.10 Td (automobile ) Tj ET Q q 0 0 0 rg BT 119.79 467.10 Td (accident, ) Tj ET Q q 0 0 0 rg BT 158.13 467.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 201.20 467.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.05 467.10 Td (fault. ) Tj ET Q q 0 0 0 rg BT 235.41 467.10 Td (Physical ) Tj ET Q q 0 0 0 rg BT 271.82 467.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 305.45 467.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 344.06 467.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 374.91 467.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.22 467.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 412.74 467.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 437.49 467.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.45 467.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 498.65 467.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 535.61 467.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.80 467.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 86.62 455.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.13 455.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 134.29 455.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.25 455.10 Td (an ) Tj ET Q q 0 0 0 rg BT 155.87 455.10 Td (insured ) Tj ET Q q 0 0 0 rg BT 187.49 455.10 Td (automobile ) Tj ET Q q 0 0 0 rg BT 234.67 455.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 264.06 455.10 Td (from ) Tj ET Q q 0 0 0 rg BT 285.68 455.10 Td (a ) Tj ET Q q 0 0 0 rg BT 292.30 455.10 Td (collision ) Tj ET Q q 0 0 0 rg BT 328.93 455.10 Td (with ) Tj ET Q q 0 0 0 rg BT 348.89 455.10 Td (another ) Tj ET Q q 0 0 0 rg BT 381.06 455.10 Td (object ) Tj ET Q q 0 0 0 rg BT 407.67 455.10 Td (or ) Tj ET Q q 0 0 0 rg BT 418.18 455.10 Td (from ) Tj ET Q q 0 0 0 rg BT 439.80 455.10 Td (other ) Tj ET Q q 0 0 0 rg BT 462.53 455.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 483.61 455.10 Td (such ) Tj ET Q q 0 0 0 rg BT 504.12 455.10 Td (as ) Tj ET Q q 0 0 0 rg BT 514.63 455.10 Td (fire ) Tj ET Q q 0 0 0 rg BT 530.69 455.10 Td (or ) Tj ET Q q 0 0 0 rg BT 541.20 455.10 Td (theft. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.81 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.51 443.10 Td (short ) Tj ET Q q 0 0 0 rg BT 97.99 443.10 Td (run, ) Tj ET Q q 0 0 0 rg BT 116.29 443.10 Td (automobile ) Tj ET Q q 0 0 0 rg BT 163.76 443.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 199.57 443.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 233.14 443.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.06 443.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 283.65 443.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 322.21 443.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 361.89 443.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 398.81 443.10 Td (more ) Tj ET Q q 0 0 0 rg BT 421.84 443.10 Td (predictable ) Tj ET Q q 0 0 0 rg BT 468.74 443.10 Td (results ) Tj ET Q q 0 0 0 rg BT 497.32 443.10 Td (than ) Tj ET Q q 0 0 0 rg BT 517.02 443.10 Td (automobile ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td (accident ) Tj ET Q q 0 0 0 rg BT 85.81 431.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 116.07 431.10 Td (or ) Tj ET Q q 0 0 0 rg BT 126.90 431.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 163.28 431.10 Td (injury ) Tj ET Q q 0 0 0 rg BT 189.67 431.10 Td (insurance.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 414.10 Td (Atlas' ) Tj ET Q q 0 0 0 rg BT 74.52 414.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 114.45 414.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 163.27 414.10 Td (distribute ) Tj ET Q q 0 0 0 rg BT 202.66 414.10 Td (their ) Tj ET Q q 0 0 0 rg BT 222.59 414.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 262.52 414.10 Td (products ) Tj ET Q q 0 0 0 rg BT 298.57 414.10 Td (through ) Tj ET Q q 0 0 0 rg BT 331.29 414.10 Td (a ) Tj ET Q q 0 0 0 rg BT 337.33 414.10 Td (network ) Tj ET Q q 0 0 0 rg BT 371.71 414.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.65 414.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 432.14 414.10 Td (retail ) Tj ET Q q 0 0 0 rg BT 454.29 414.10 Td (agents. ) Tj ET Q q 0 0 0 rg BT 483.83 414.10 Td (T) Tj ET Q q 0 0 0 rg BT 489.24 414.10 Td (ogether) Tj ET Q q 0 0 0 rg BT 518.82 414.10 Td (, ) Tj ET Q q 0 0 0 rg BT 522.58 414.10 Td (American ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 402.10 Td (Country ) Tj ET Q q 0 0 0 rg BT 85.63 402.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.29 402.10 Td (American ) Tj ET Q q 0 0 0 rg BT 144.57 402.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 177.40 402.10 Td (are ) Tj ET Q q 0 0 0 rg BT 192.46 402.10 Td (licensed ) Tj ET Q q 0 0 0 rg BT 228.08 402.10 Td (to ) Tj ET Q q 0 0 0 rg BT 238.71 402.10 Td (write ) Tj ET Q q 0 0 0 rg BT 262.10 402.10 Td (property ) Tj ET Q q 0 0 0 rg BT 298.83 402.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.12 402.10 Td (casualty ) Tj ET Q q 0 0 0 rg BT 351.74 402.10 Td (\(P&C\) ) Tj ET Q q 0 0 0 rg BT 390.14 402.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 431.30 402.10 Td (in ) Tj ET Q q 0 0 0 rg BT 441.93 402.10 Td (47 ) Tj ET Q q 0 0 0 rg BT 454.79 402.10 Td (states ) Tj ET Q q 0 0 0 rg BT 479.85 402.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.48 402.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.55 402.10 Td (United ) Tj ET Q q 0 0 0 rg BT 535.62 402.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 564.51 402.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 390.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 390.10 Td (management ) Tj ET Q q 0 0 0 rg BT 121.64 390.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.57 390.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 178.84 390.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 235.20 390.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.03 390.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.75 390.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 301.56 390.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 351.28 390.10 Td (are ) Tj ET Q q 0 0 0 rg BT 365.99 390.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 387.37 390.10 Td (integrated.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (Seasonality ) Tj ET Q q 0 0 0 rg BT 101.65 373.10 Td (-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.98 373.10 Td ( ) Tj ET Q q 0 0 0 rg BT 108.05 373.10 Td (The ) Tj ET Q q 0 0 0 rg BT 126.91 373.10 Td (P&C ) Tj ET Q q 0 0 0 rg BT 150.23 373.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 191.86 373.10 Td (business ) Tj ET Q q 0 0 0 rg BT 229.06 373.10 Td (is ) Tj ET Q q 0 0 0 rg BT 239.04 373.10 Td (seasonal ) Tj ET Q q 0 0 0 rg BT 276.23 373.10 Td (in ) Tj ET Q q 0 0 0 rg BT 287.31 373.10 Td (nature. ) Tj ET Q q 0 0 0 rg BT 317.87 373.10 Td (While ) Tj ET Q q 0 0 0 rg BT 344.88 373.10 Td (Atlas' ) Tj ET Q q 0 0 0 rg BT 371.11 373.10 Td (net ) Tj ET Q q 0 0 0 rg BT 386.63 373.10 Td (premiums ) Tj ET Q q 0 0 0 rg BT 429.94 373.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 459.89 373.10 Td (are ) Tj ET Q q 0 0 0 rg BT 475.41 373.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 515.92 373.10 Td (stable ) Tj ET Q q 0 0 0 rg BT 542.56 373.10 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 80.54 361.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.54 361.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 118.46 361.10 Td (, ) Tj ET Q q 0 0 0 rg BT 122.69 361.10 Td (Atlas' ) Tj ET Q q 0 0 0 rg BT 147.82 361.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 171.16 361.10 Td (premiums ) Tj ET Q q 0 0 0 rg BT 213.38 361.10 Td (written ) Tj ET Q q 0 0 0 rg BT 243.93 361.10 Td (follow ) Tj ET Q q 0 0 0 rg BT 272.26 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.70 361.10 Td (common ) Tj ET Q q 0 0 0 rg BT 323.92 361.10 Td (renewal ) Tj ET Q q 0 0 0 rg BT 357.79 361.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 380.56 361.10 Td (for ) Tj ET Q q 0 0 0 rg BT 394.45 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.89 361.10 Td ("light" ) Tj ET Q q 0 0 0 rg BT 437.61 361.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 487.03 361.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 508.15 361.10 Td (that ) Tj ET Q q 0 0 0 rg BT 525.37 361.10 Td (represent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (its ) Tj ET Q q 0 0 0 rg BT 62.66 349.10 Td (core ) Tj ET Q q 0 0 0 rg BT 83.07 349.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 105.17 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.70 349.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 156.30 349.10 Td (For ) Tj ET Q q 0 0 0 rg BT 173.40 349.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 212.98 349.10 Td (January ) Tj ET Q q 0 0 0 rg BT 247.29 349.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 255.50 349.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.14 349.10 Td (March ) Tj ET Q q 0 0 0 rg BT 302.45 349.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 310.66 349.10 Td (are ) Tj ET Q q 0 0 0 rg BT 326.07 349.10 Td (common ) Tj ET Q q 0 0 0 rg BT 364.28 349.10 Td (taxi ) Tj ET Q q 0 0 0 rg BT 382.48 349.10 Td (cab ) Tj ET Q q 0 0 0 rg BT 399.57 349.10 Td (renewal ) Tj ET Q q 0 0 0 rg BT 434.42 349.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 458.17 349.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.16 349.10 Td (Illinois ) Tj ET Q q 0 0 0 rg BT 500.70 349.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.35 349.10 Td (New ) Tj ET Q q 0 0 0 rg BT 539.96 349.10 Td (Y) Tj ET Q q 0 0 0 rg BT 546.18 349.10 Td (ork, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 337.10 Td (. ) Tj ET Q q 0 0 0 rg BT 102.59 337.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.02 337.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 121.88 337.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 175.97 337.10 Td (income ) Tj ET Q q 0 0 0 rg BT 207.83 337.10 Td (is ) Tj ET Q q 0 0 0 rg BT 216.93 337.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 244.90 337.10 Td (mainly ) Tj ET Q q 0 0 0 rg BT 275.10 337.10 Td (by ) Tj ET Q q 0 0 0 rg BT 287.53 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.18 337.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 330.72 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.59 337.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 375.00 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.76 337.10 Td (claims, ) Tj ET Q q 0 0 0 rg BT 416.79 337.10 Td (which ) Tj ET Q q 0 0 0 rg BT 443.66 337.10 Td (can ) Tj ET Q q 0 0 0 rg BT 459.96 337.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 480.16 337.10 Td (widely) Tj ET Q q 0 0 0 rg BT 506.73 337.10 Td (. ) Tj ET Q q 0 0 0 rg BT 511.12 337.10 Td (Atlas' ) Tj ET Q q 0 0 0 rg BT 536.46 337.10 Td (ability ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 325.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 96.64 325.10 Td (written ) Tj ET Q q 0 0 0 rg BT 127.47 325.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 166.07 325.10 Td (is ) Tj ET Q q 0 0 0 rg BT 175.24 325.10 Td (also ) Tj ET Q q 0 0 0 rg BT 193.85 325.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 233.00 325.10 Td (by ) Tj ET Q q 0 0 0 rg BT 245.50 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.21 325.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 288.83 325.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.66 325.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 327.15 325.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 359.09 325.10 Td (in ) Tj ET Q q 0 0 0 rg BT 369.37 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.09 325.10 Td (states ) Tj ET Q q 0 0 0 rg BT 408.80 325.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.08 325.10 Td (which ) Tj ET Q q 0 0 0 rg BT 445.47 325.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 469.08 325.10 Td (operates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.58 308.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 113.49 308.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 146.63 308.10 Td (followed ) Tj ET Q q 0 0 0 rg BT 184.21 308.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.02 308.10 Td (these ) Tj ET Q q 0 0 0 rg BT 216.61 308.10 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 258.07 308.10 Td (condensed ) Tj ET Q q 0 0 0 rg BT 302.32 308.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 354.89 308.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 391.91 308.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 436.16 308.10 Td (are ) Tj ET Q q 0 0 0 rg BT 450.40 308.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 499.07 308.10 Td (as ) Tj ET Q q 0 0 0 rg BT 509.44 308.10 Td (those ) Tj ET Q q 0 0 0 rg BT 532.58 308.10 Td (applied ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 296.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.52 296.10 Td (Atlas' ) Tj ET Q q 0 0 0 rg BT 86.95 296.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 119.91 296.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 150.08 296.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 204.15 296.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 242.65 296.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 288.38 296.10 Td (on ) Tj ET Q q 0 0 0 rg BT 301.90 296.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 327.09 296.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 351.16 296.10 Td (for ) Tj ET Q q 0 0 0 rg BT 366.34 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.08 296.10 Td (period ) Tj ET Q q 0 0 0 rg BT 411.15 296.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 438.54 296.10 Td (December ) Tj ET Q q 0 0 0 rg BT 483.15 296.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 499.17 296.10 Td (201) Tj ET Q q 0 0 0 rg BT 513.80 296.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 524.04 296.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 548.67 296.10 Td (has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 284.10 Td (consistently ) Tj ET Q q 0 0 0 rg BT 100.16 284.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 131.97 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.57 284.10 Td (same ) Tj ET Q q 0 0 0 rg BT 169.50 284.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 215.76 284.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 249.24 284.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 295.51 284.10 Td (all ) Tj ET Q q 0 0 0 rg BT 307.89 284.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 339.71 284.10 Td (presented, ) Tj ET Q q 0 0 0 rg BT 382.91 284.10 Td (as ) Tj ET Q q 0 0 0 rg BT 393.62 284.10 Td (if ) Tj ET Q q 0 0 0 rg BT 402.11 284.10 Td (these ) Tj ET Q q 0 0 0 rg BT 425.04 284.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 458.53 284.10 Td (had ) Tj ET Q q 0 0 0 rg BT 475.35 284.10 Td (always ) Tj ET Q q 0 0 0 rg BT 505.50 284.10 Td (been ) Tj ET Q q 0 0 0 rg BT 526.76 284.10 Td (in ) Tj ET Q q 0 0 0 rg BT 536.92 284.10 Td (ef) Tj ET Q q 0 0 0 rg BT 544.51 284.10 Td (fect. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 268.25 Td (2. NEW) Tj ET Q q 0 0 0 rg BT 101.71 268.25 Td ( ) Tj ET Q q 0 0 0 rg BT 103.66 268.25 Td (ACCOUNTING ST) Tj ET Q q 0 0 0 rg BT 187.10 268.25 Td (ANDARDS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 251.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 100.23 251.25 Td (for) Tj ET Q q 0 0 0 rg BT 112.81 251.25 Td ( ) Tj ET Q q 0 0 0 rg BT 114.15 251.25 Td (Costs ) Tj ET Q q 0 0 0 rg BT 138.53 251.25 Td (Associated ) Tj ET Q q 0 0 0 rg BT 185.41 251.25 Td (with ) Tj ET Q q 0 0 0 rg BT 205.35 251.25 Td (Acquiring ) Tj ET Q q 0 0 0 rg BT 250.02 251.25 Td (or) Tj ET Q q 0 0 0 rg BT 259.28 251.25 Td ( ) Tj ET Q q 0 0 0 rg BT 260.61 251.25 Td (Renewing ) Tj ET Q q 0 0 0 rg BT 304.17 251.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 348.29 251.25 Td (Contracts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.84 251.25 Td (- ) Tj ET Q q 0 0 0 rg BT 396.50 251.25 Td (In ) Tj ET Q q 0 0 0 rg BT 406.17 251.25 Td (October ) Tj ET Q q 0 0 0 rg BT 439.71 251.25 Td (2010, ) Tj ET Q q 0 0 0 rg BT 463.55 251.25 Td (the ) Tj ET Q q 0 0 0 rg BT 477.10 251.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 515.35 251.25 Td (Accounting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 239.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 91.98 239.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 118.97 239.25 Td (\("F) Tj ET Q q 0 0 0 rg BT 131.20 239.25 Td (ASB"\) ) Tj ET Q q 0 0 0 rg BT 160.61 239.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 188.16 239.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 226.79 239.25 Td (modifying ) Tj ET Q q 0 0 0 rg BT 271.00 239.25 Td (the ) Tj ET Q q 0 0 0 rg BT 285.77 239.25 Td (definition ) Tj ET Q q 0 0 0 rg BT 327.19 239.25 Td (of ) Tj ET Q q 0 0 0 rg BT 338.07 239.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.83 239.25 Td (types ) Tj ET Q q 0 0 0 rg BT 376.49 239.25 Td (of ) Tj ET Q q 0 0 0 rg BT 387.36 239.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 409.91 239.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 445.77 239.25 Td (by ) Tj ET Q q 0 0 0 rg BT 458.31 239.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 499.17 239.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 530.60 239.25 Td (that ) Tj ET Q q 0 0 0 rg BT 548.14 239.25 Td (can ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 227.25 Td (be ) Tj ET Q q 0 0 0 rg BT 62.30 227.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 108.46 227.25 Td (in ) Tj ET Q q 0 0 0 rg BT 119.10 227.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.18 227.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 180.92 227.25 Td (of ) Tj ET Q q 0 0 0 rg BT 192.11 227.25 Td (new ) Tj ET Q q 0 0 0 rg BT 211.63 227.25 Td (and ) Tj ET Q q 0 0 0 rg BT 228.93 227.25 Td (renewal ) Tj ET Q q 0 0 0 rg BT 263.44 227.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 304.61 227.25 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 345.86 227.25 Td (The ) Tj ET Q q 0 0 0 rg BT 364.27 227.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 403.22 227.25 Td (specifies ) Tj ET Q q 0 0 0 rg BT 441.07 227.25 Td (that ) Tj ET Q q 0 0 0 rg BT 458.92 227.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.00 227.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 496.86 227.25 Td (must ) Tj ET Q q 0 0 0 rg BT 519.17 227.25 Td (be ) Tj ET Q q 0 0 0 rg BT 531.47 227.25 Td (directly ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 215.25 Td (related ) Tj ET Q q 0 0 0 rg BT 79.68 215.25 Td (to ) Tj ET Q q 0 0 0 rg BT 89.93 215.25 Td (the ) Tj ET Q q 0 0 0 rg BT 104.62 215.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 148.19 215.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 194.55 215.25 Td (of ) Tj ET Q q 0 0 0 rg BT 205.36 215.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 246.15 215.25 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 287.03 215.25 Td (The ) Tj ET Q q 0 0 0 rg BT 305.06 215.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 343.62 215.25 Td (also ) Tj ET Q q 0 0 0 rg BT 362.21 215.25 Td (specifies ) Tj ET Q q 0 0 0 rg BT 399.67 215.25 Td (that ) Tj ET Q q 0 0 0 rg BT 417.14 215.25 Td (advertising ) Tj ET Q q 0 0 0 rg BT 464.05 215.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 486.52 215.25 Td (should ) Tj ET Q q 0 0 0 rg BT 515.66 215.25 Td (be ) Tj ET Q q 0 0 0 rg BT 527.58 215.25 Td (included ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 203.25 Td (as ) Tj ET Q q 0 0 0 rg BT 61.24 203.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 97.45 203.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 144.24 203.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 167.14 203.25 Td (only ) Tj ET Q q 0 0 0 rg BT 187.83 203.25 Td (when ) Tj ET Q q 0 0 0 rg BT 212.40 203.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.52 203.25 Td (direct?response ) Tj ET Q q 0 0 0 rg BT 293.82 203.25 Td (advertising ) Tj ET Q q 0 0 0 rg BT 341.16 203.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 387.94 203.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 419.16 203.25 Td (are ) Tj ET Q q 0 0 0 rg BT 434.27 203.25 Td (met. ) Tj ET Q q 0 0 0 rg BT 454.46 203.25 Td (The ) Tj ET Q q 0 0 0 rg BT 472.92 203.25 Td (new ) Tj ET Q q 0 0 0 rg BT 492.48 203.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 531.48 203.25 Td (became ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 191.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 191.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 86.96 191.25 Td (for ) Tj ET Q q 0 0 0 rg BT 100.80 191.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 139.62 191.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 171.24 191.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 213.40 191.25 Td (after ) Tj ET Q q 0 0 0 rg BT 233.89 191.25 Td (December ) Tj ET Q q 0 0 0 rg BT 277.15 191.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 291.82 191.25 Td (201) Tj ET Q q 0 0 0 rg BT 306.45 191.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 315.64 191.25 Td (Atlas' ) Tj ET Q q 0 0 0 rg BT 340.73 191.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 377.34 191.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 404.51 191.25 Td (for ) Tj ET Q q 0 0 0 rg BT 418.34 191.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 464.38 191.25 Td (for ) Tj ET Q q 0 0 0 rg BT 478.22 191.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 524.27 191.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 546.44 191.25 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 179.25 Td (already ) Tj ET Q q 0 0 0 rg BT 83.65 179.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 127.87 179.25 Td (with ) Tj ET Q q 0 0 0 rg BT 149.87 179.25 Td (this ) Tj ET Q q 0 0 0 rg BT 168.55 179.25 Td (guidance. ) Tj ET Q q 0 0 0 rg BT 211.06 179.25 Td (Therefore ) Tj ET Q q 0 0 0 rg BT 254.70 179.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.14 179.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 310.36 179.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.92 179.25 Td (this ) Tj ET Q q 0 0 0 rg BT 341.59 179.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 381.91 179.25 Td (in ) Tj ET Q q 0 0 0 rg BT 393.92 179.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.36 179.25 Td (three ) Tj ET Q q 0 0 0 rg BT 434.57 179.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.23 179.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 474.68 179.25 Td (month ) Tj ET Q q 0 0 0 rg BT 504.46 179.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 538.12 179.25 Td (ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.00 179.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 167.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 110.26 167.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.26 167.25 Td ( ) Tj ET Q q 0 0 0 rg BT 132.76 167.25 Td (did ) Tj ET Q q 0 0 0 rg BT 148.04 167.25 Td (not ) Tj ET Q q 0 0 0 rg BT 163.32 167.25 Td (have ) Tj ET Q q 0 0 0 rg BT 184.70 167.25 Td (an ) Tj ET Q q 0 0 0 rg BT 196.64 167.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 226.35 167.25 Td (on ) Tj ET Q q 0 0 0 rg BT 238.85 167.25 Td (our ) Tj ET Q q 0 0 0 rg BT 254.68 167.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 292.16 167.25 Td (statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 150.25 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 108.38 150.25 Td (to ) Tj ET Q q 0 0 0 rg BT 118.42 150.25 Td (Fair) Tj ET Q q 0 0 0 rg BT 136.57 150.25 Td ( ) Tj ET Q q 0 0 0 rg BT 138.16 150.25 Td (V) Tj ET Q q 0 0 0 rg BT 144.46 150.25 Td (alue ) Tj ET Q q 0 0 0 rg BT 163.95 150.25 Td (Measur) Tj ET Q q 0 0 0 rg BT 196.54 150.25 Td (ement ) Tj ET Q q 0 0 0 rg BT 224.35 150.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.19 150.25 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 282.01 150.25 Td (e ) Tj ET Q q 0 0 0 rg BT 288.16 150.25 Td (Requir) Tj ET Q q 0 0 0 rg BT 317.98 150.25 Td (ements ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.69 150.25 Td (- ) Tj ET Q q 0 0 0 rg BT 354.73 150.25 Td (In ) Tj ET Q q 0 0 0 rg BT 364.77 150.25 Td (May ) Tj ET Q q 0 0 0 rg BT 384.82 150.25 Td (201) Tj ET Q q 0 0 0 rg BT 399.45 150.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 408.66 150.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.59 150.25 Td (F) Tj ET Q q 0 0 0 rg BT 427.41 150.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 448.58 150.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 475.29 150.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 513.10 150.25 Td (that ) Tj ET Q q 0 0 0 rg BT 529.81 150.25 Td (clarifies ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 138.25 Td (the ) Tj ET Q q 0 0 0 rg BT 66.10 138.25 Td (application ) Tj ET Q q 0 0 0 rg BT 114.42 138.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.64 138.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 162.19 138.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 179.95 138.25 Td (value ) Tj ET Q q 0 0 0 rg BT 205.49 138.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 262.69 138.25 Td (and ) Tj ET Q q 0 0 0 rg BT 281.02 138.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 325.45 138.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 381.54 138.25 Td (and ) Tj ET Q q 0 0 0 rg BT 399.86 138.25 Td (amends ) Tj ET Q q 0 0 0 rg BT 434.30 138.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 465.39 138.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 483.15 138.25 Td (value ) Tj ET Q q 0 0 0 rg BT 508.69 138.25 Td (measurement ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 126.25 Td (principles, ) Tj ET Q q 0 0 0 rg BT 94.18 126.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 148.62 126.25 Td (and ) Tj ET Q q 0 0 0 rg BT 165.31 126.25 Td (disclosures. ) Tj ET Q q 0 0 0 rg BT 214.49 126.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 251.17 126.25 Td (were ) Tj ET Q q 0 0 0 rg BT 272.84 126.25 Td (made ) Tj ET Q q 0 0 0 rg BT 296.74 126.25 Td (to ) Tj ET Q q 0 0 0 rg BT 306.76 126.25 Td (improve ) Tj ET Q q 0 0 0 rg BT 342.33 126.25 Td (consistency ) Tj ET Q q 0 0 0 rg BT 391.23 126.25 Td (in ) Tj ET Q q 0 0 0 rg BT 401.25 126.25 Td (global ) Tj ET Q q 0 0 0 rg BT 428.49 126.25 Td (application. ) Tj ET Q q 0 0 0 rg BT 477.50 126.25 Td (The ) Tj ET Q q 0 0 0 rg BT 495.29 126.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 533.63 126.25 Td (is ) Tj ET Q q 0 0 0 rg BT 542.54 126.25 Td (to ) Tj ET Q q 0 0 0 rg BT 552.56 126.25 Td (be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 114.25 Td (applied ) Tj ET Q q 0 0 0 rg BT 81.80 114.25 Td (prospectively ) Tj ET Q q 0 0 0 rg BT 138.04 114.25 Td (for ) Tj ET Q q 0 0 0 rg BT 152.06 114.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 191.08 114.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 222.88 114.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 265.24 114.25 Td (after ) Tj ET Q q 0 0 0 rg BT 285.92 114.25 Td (December ) Tj ET Q q 0 0 0 rg BT 329.37 114.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 344.24 114.25 Td (201) Tj ET Q q 0 0 0 rg BT 358.87 114.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 368.73 114.25 Td (Early ) Tj ET Q q 0 0 0 rg BT 392.75 114.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 430.11 114.25 Td (was ) Tj ET Q q 0 0 0 rg BT 448.03 114.25 Td (not ) Tj ET Q q 0 0 0 rg BT 463.17 114.25 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 506.18 114.25 Td (The ) Tj ET Q q 0 0 0 rg BT 524.10 114.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 553.67 114.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 102.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 87.50 102.25 Td (was ) Tj ET Q q 0 0 0 rg BT 105.55 102.25 Td (not ) Tj ET Q q 0 0 0 rg BT 120.83 102.25 Td (material ) Tj ET Q q 0 0 0 rg BT 156.08 102.25 Td (to ) Tj ET Q q 0 0 0 rg BT 166.36 102.25 Td (the ) Tj ET Q q 0 0 0 rg BT 181.08 102.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 228.16 102.25 Td (results ) Tj ET Q q 0 0 0 rg BT 256.77 102.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.60 102.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 311.75 102.25 Td (or ) Tj ET Q q 0 0 0 rg BT 322.58 102.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 360.06 102.25 Td (position.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 85.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 85.25 Td (esentation ) Tj ET Q q 0 0 0 rg BT 105.92 85.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.47 85.25 Td (Compr) Tj ET Q q 0 0 0 rg BT 146.84 85.25 Td (ehensive ) Tj ET Q q 0 0 0 rg BT 185.17 85.25 Td (Income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.83 85.25 Td ( ) Tj ET Q q 0 0 0 rg BT 219.05 85.25 Td (- ) Tj ET Q q 0 0 0 rg BT 224.60 85.25 Td (In ) Tj ET Q q 0 0 0 rg BT 235.16 85.25 Td (June ) Tj ET Q q 0 0 0 rg BT 255.71 85.25 Td (and ) Tj ET Q q 0 0 0 rg BT 272.37 85.25 Td (December ) Tj ET Q q 0 0 0 rg BT 315.67 85.25 Td (201) Tj ET Q q 0 0 0 rg BT 330.30 85.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 340.02 85.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.46 85.25 Td (F) Tj ET Q q 0 0 0 rg BT 359.28 85.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 380.96 85.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 408.18 85.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 446.49 85.25 Td (amending ) Tj ET Q q 0 0 0 rg BT 488.15 85.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.59 85.25 Td (presentation ) Tj ET Q q 0 0 0 rg BT 553.68 85.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 73.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 113.04 73.25 Td (income ) Tj ET Q q 0 0 0 rg BT 144.99 73.25 Td (and ) Tj ET Q q 0 0 0 rg BT 161.94 73.25 Td (its ) Tj ET Q q 0 0 0 rg BT 173.90 73.25 Td (components. ) Tj ET Q q 0 0 0 rg BT 227.24 73.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 254.74 73.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.47 73.25 Td (new ) Tj ET Q q 0 0 0 rg BT 288.64 73.25 Td (guidance, ) Tj ET Q q 0 0 0 rg BT 329.75 73.25 Td (a ) Tj ET Q q 0 0 0 rg BT 336.70 73.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 375.87 73.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 401.15 73.25 Td (has ) Tj ET Q q 0 0 0 rg BT 416.99 73.25 Td (the ) Tj ET Q q 0 0 0 rg BT 431.72 73.25 Td (option ) Tj ET Q q 0 0 0 rg BT 459.79 73.25 Td (to ) Tj ET Q q 0 0 0 rg BT 470.08 73.25 Td (present ) Tj ET Q q 0 0 0 rg BT 501.47 73.25 Td (comprehensive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 61.25 Td (income ) Tj ET Q q 0 0 0 rg BT 82.46 61.25 Td (in ) Tj ET Q q 0 0 0 rg BT 93.27 61.25 Td (a ) Tj ET Q q 0 0 0 rg BT 100.74 61.25 Td (single ) Tj ET Q q 0 0 0 rg BT 127.65 61.25 Td (continuous ) Tj ET Q q 0 0 0 rg BT 174.57 61.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 215.92 61.25 Td (or ) Tj ET Q q 0 0 0 rg BT 227.28 61.25 Td (in ) Tj ET Q q 0 0 0 rg BT 238.08 61.25 Td (two ) Tj ET Q q 0 0 0 rg BT 256.11 61.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 291.89 61.25 Td (but ) Tj ET Q q 0 0 0 rg BT 307.70 61.25 Td (consecutive ) Tj ET Q q 0 0 0 rg BT 357.93 61.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 405.45 61.25 Td (The ) Tj ET Q q 0 0 0 rg BT 424.03 61.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 463.15 61.25 Td (is ) Tj ET Q q 0 0 0 rg BT 472.85 61.25 Td (ef) Tj ET Q q 0 0 0 rg BT 480.44 61.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 510.67 61.25 Td (for ) Tj ET Q q 0 0 0 rg BT 525.36 61.25 Td (reporting ) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 17 0 obj <>] /Rotate 0 /Contents 18 0 R>> endobj 18 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 81.70 742.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 123.96 742.10 Td (after ) Tj ET Q q 0 0 0 rg BT 144.55 742.10 Td (December ) Tj ET Q q 0 0 0 rg BT 187.90 742.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 202.66 742.10 Td (201) Tj ET Q q 0 0 0 rg BT 217.29 742.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 224.56 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.26 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 250.20 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.24 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 271.94 742.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 303.64 742.10 Td (retrospectively) Tj ET Q q 0 0 0 rg BT 362.41 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 367.01 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 384.83 742.10 Td (new ) Tj ET Q q 0 0 0 rg BT 403.75 742.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 442.11 742.10 Td (af) Tj ET Q q 0 0 0 rg BT 449.70 742.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 476.39 742.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 527.53 742.10 Td (only ) Tj ET Q q 0 0 0 rg BT 547.57 742.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (had ) Tj ET Q q 0 0 0 rg BT 66.94 730.10 Td (no ) Tj ET Q q 0 0 0 rg BT 79.44 730.10 Td (material ) Tj ET Q q 0 0 0 rg BT 114.70 730.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 144.41 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 156.91 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.63 730.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 218.71 730.10 Td (results ) Tj ET Q q 0 0 0 rg BT 247.31 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.14 730.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 302.30 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 313.13 730.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 350.61 730.10 Td (position.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 697.25 Td (3. EARNINGS PER SHARE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 678.45 Td (Earnings per ordinary and restricted voting common share \(collectively) Tj ET Q q 0 0 0 rg BT 334.81 678.45 Td (, the "common shares"\) for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.88 678.45 Td (three and nine month ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.65 Td (periods ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.82 664.65 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.32 664.65 Td (September30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.58 664.65 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.02 664.65 Td (September30, 201) Tj ET Q q 0 0 0 rg BT 282.91 664.65 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.91 664.65 Td ( is as follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 596.15 235.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 596.15 68.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 596.15 68.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 596.15 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 596.15 68.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 596.15 68.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 572.15 235.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 572.15 68.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 572.15 68.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 572.15 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 572.15 68.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 572.15 68.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 548.15 235.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 548.15 68.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 548.15 68.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 548.15 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 548.15 68.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 548.15 68.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 524.15 24.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 74.50 524.15 211.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 524.15 68.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 524.15 68.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 524.15 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 524.15 68.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 524.15 68.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 500.15 235.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 500.15 68.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 500.15 68.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 500.15 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 500.15 68.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 500.15 68.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 608.15 m 353.5 608.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 608.15 m 421.5 608.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 608.15 m 353.5 608.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 608.15 m 421.5 608.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 608.15 m 426.5 608.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 608.15 m 494.5 608.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 608.15 m 562.5 608.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 584.15 m 353.5 584.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 584.15 m 421.5 584.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 584.15 m 426.5 584.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 584.15 m 494.5 584.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 584.15 m 562.5 584.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 584.15 m 353.5 584.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 584.15 m 421.5 584.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 584.15 m 426.5 584.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 584.15 m 494.5 584.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 584.15 m 562.5 584.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 500.15 m 353.5 500.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 500.15 m 421.5 500.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 500.15 m 426.5 500.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 500.15 m 494.5 500.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 500.15 m 562.5 500.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 500.15 m 353.5 500.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 500.15 m 421.5 500.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 500.15 m 426.5 500.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 500.15 m 494.5 500.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 500.15 m 562.5 500.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 477.15 m 353.5 477.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 475.15 m 353.5 475.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 477.15 m 421.5 477.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 475.15 m 421.5 475.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 477.15 m 426.5 477.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 475.15 m 426.5 475.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 477.15 m 494.5 477.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 475.15 m 494.5 475.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 477.15 m 562.5 477.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 475.15 m 562.5 475.15 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 643.38 Td (in '000s, except shar) Tj ET Q q 0 0 0 rg BT 121.74 643.38 Td (e and per) Tj ET Q q 0 0 0 rg BT 153.60 643.38 Td ( shar) Tj ET Q q 0 0 0 rg BT 170.57 643.38 Td (e amounts) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 292.10 643.83 Td (Three Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 435.75 643.83 Td (Nine Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 288.50 622.83 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 309.00 612.83 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 356.50 622.83 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 377.25 612.83 Td (2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 429.50 622.83 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 450.00 612.83 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 497.50 622.83 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 518.25 612.83 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 598.77 Td (Net income attributable to Atlas) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.00 598.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.15 598.77 Td (1,657) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.00 598.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.15 598.77 Td (1,066) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.00 598.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.15 598.77 Td (1,922) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.00 598.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 598.77 Td (555) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 586.77 Td (Less: Preferred share dividends) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.65 586.77 Td (202) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.65 586.77 Td (202) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.65 586.77 Td (606) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 586.77 Td (606) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 574.77 Td (Net income/\(loss\) attributable to common shareholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.15 574.77 Td (1,455) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.65 574.77 Td (864) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.15 574.77 Td (1,316) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.30 574.77 Td (\(51) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 574.77 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 562.77 Td (Basic:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 550.77 Td (Weighted average common shares outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.65 550.77 Td (18,433,153) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.65 550.77 Td (18,374,968) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.65 550.77 Td (18,438,537) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.65 550.77 Td (18,372,529) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 538.77 Td (Basic earnings/\(loss\) per common share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.00 538.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.15 538.77 Td (0.08) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.00 538.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 538.77 Td (0.05) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.00 538.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.15 538.77 Td (0.07) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.00 538.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 538.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 526.77 Td (Diluted:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 514.77 Td (Weighted average common shares outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.65 514.77 Td (18,433,153) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.65 514.77 Td (18,374,968) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.65 514.77 Td (18,438,537) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.65 514.77 Td (18,372,529) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 502.77 Td (Dilutive potential ordinary shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.15 502.77 Td (14,749) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.15 502.77 Td (40,520) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.15 502.77 Td (13,218) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 490.77 Td (Dilutive average common shares outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.65 490.77 Td (18,447,902) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.65 490.77 Td (18,415,488) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.65 490.77 Td (18,451,755) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.65 490.77 Td (18,372,529) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 478.77 Td (Dilutive earnings/\(loss\) per common share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.00 478.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.15 478.77 Td (0.08) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.00 478.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 478.77 Td (0.05) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.00 478.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.15 478.77 Td (0.07) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.00 478.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 478.77 Td () Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 459.65 Td (For ) Tj ET Q q 0 0 0 rg BT 65.34 459.65 Td (2012 ) Tj ET Q q 0 0 0 rg BT 86.79 459.65 Td (and ) Tj ET Q q 0 0 0 rg BT 102.68 459.65 Td (201) Tj ET Q q 0 0 0 rg BT 117.31 459.65 Td (1, ) Tj ET Q q 0 0 0 rg BT 126.26 459.65 Td (basic ) Tj ET Q q 0 0 0 rg BT 148.26 459.65 Td (earnings/\(loss\) ) Tj ET Q q 0 0 0 rg BT 208.58 459.65 Td (per ) Tj ET Q q 0 0 0 rg BT 222.80 459.65 Td (common ) Tj ET Q q 0 0 0 rg BT 259.25 459.65 Td (share ) Tj ET Q q 0 0 0 rg BT 281.80 459.65 Td (has ) Tj ET Q q 0 0 0 rg BT 296.58 459.65 Td (been ) Tj ET Q q 0 0 0 rg BT 316.90 459.65 Td (computed ) Tj ET Q q 0 0 0 rg BT 357.79 459.65 Td (by ) Tj ET Q q 0 0 0 rg BT 369.24 459.65 Td (dividing ) Tj ET Q q 0 0 0 rg BT 404.02 459.65 Td (net ) Tj ET Q q 0 0 0 rg BT 417.69 459.65 Td (income\(loss\) ) Tj ET Q q 0 0 0 rg BT 470.80 459.65 Td (attributable ) Tj ET Q q 0 0 0 rg BT 517.78 459.65 Td (to ) Tj ET Q q 0 0 0 rg BT 527.01 459.65 Td (common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 447.65 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 103.04 447.65 Td (for ) Tj ET Q q 0 0 0 rg BT 117.20 447.65 Td (the ) Tj ET Q q 0 0 0 rg BT 131.91 447.65 Td (period ) Tj ET Q q 0 0 0 rg BT 159.96 447.65 Td (by ) Tj ET Q q 0 0 0 rg BT 172.46 447.65 Td (the ) Tj ET Q q 0 0 0 rg BT 187.18 447.65 Td (weighted ) Tj ET Q q 0 0 0 rg BT 226.33 447.65 Td (average ) Tj ET Q q 0 0 0 rg BT 259.92 447.65 Td (number ) Tj ET Q q 0 0 0 rg BT 292.96 447.65 Td (of ) Tj ET Q q 0 0 0 rg BT 303.79 447.65 Td (common ) Tj ET Q q 0 0 0 rg BT 341.29 447.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 368.78 447.65 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 417.94 447.65 Td (during ) Tj ET Q q 0 0 0 rg BT 446.55 447.65 Td (the ) Tj ET Q q 0 0 0 rg BT 461.27 447.65 Td (period. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.65 Td (Diluted ) Tj ET Q q 0 0 0 rg BT 82.21 430.65 Td (earnings/\(loss\) ) Tj ET Q q 0 0 0 rg BT 143.30 430.65 Td (per ) Tj ET Q q 0 0 0 rg BT 158.29 430.65 Td (share ) Tj ET Q q 0 0 0 rg BT 181.60 430.65 Td (is ) Tj ET Q q 0 0 0 rg BT 190.49 430.65 Td (computed ) Tj ET Q q 0 0 0 rg BT 232.14 430.65 Td (by ) Tj ET Q q 0 0 0 rg BT 244.35 430.65 Td (dividing ) Tj ET Q q 0 0 0 rg BT 279.90 430.65 Td (net ) Tj ET Q q 0 0 0 rg BT 294.34 430.65 Td (income/\(loss\) ) Tj ET Q q 0 0 0 rg BT 350.99 430.65 Td (attributable ) Tj ET Q q 0 0 0 rg BT 398.74 430.65 Td (to ) Tj ET Q q 0 0 0 rg BT 408.73 430.65 Td (common ) Tj ET Q q 0 0 0 rg BT 445.94 430.65 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 498.70 430.65 Td (by ) Tj ET Q q 0 0 0 rg BT 510.91 430.65 Td (the ) Tj ET Q q 0 0 0 rg BT 525.35 430.65 Td (weighted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.65 Td (average ) Tj ET Q q 0 0 0 rg BT 83.28 418.65 Td (number ) Tj ET Q q 0 0 0 rg BT 116.01 418.65 Td (of ) Tj ET Q q 0 0 0 rg BT 126.54 418.65 Td (common ) Tj ET Q q 0 0 0 rg BT 163.72 418.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 190.90 418.65 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 239.76 418.65 Td (each ) Tj ET Q q 0 0 0 rg BT 260.27 418.65 Td (period ) Tj ET Q q 0 0 0 rg BT 288.00 418.65 Td (plus ) Tj ET Q q 0 0 0 rg BT 306.87 418.65 Td (the ) Tj ET Q q 0 0 0 rg BT 321.27 418.65 Td (incremental ) Tj ET Q q 0 0 0 rg BT 370.66 418.65 Td (number ) Tj ET Q q 0 0 0 rg BT 403.40 418.65 Td (of ) Tj ET Q q 0 0 0 rg BT 413.92 418.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 441.10 418.65 Td (added ) Tj ET Q q 0 0 0 rg BT 467.17 418.65 Td (as ) Tj ET Q q 0 0 0 rg BT 477.69 418.65 Td (a ) Tj ET Q q 0 0 0 rg BT 484.32 418.65 Td (result ) Tj ET Q q 0 0 0 rg BT 508.73 418.65 Td (of ) Tj ET Q q 0 0 0 rg BT 519.25 418.65 Td (converting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.65 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 83.13 406.65 Td (potential ) Tj ET Q q 0 0 0 rg BT 120.70 406.65 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 157.15 406.65 Td (shares, ) Tj ET Q q 0 0 0 rg BT 187.22 406.65 Td (calculated ) Tj ET Q q 0 0 0 rg BT 230.32 406.65 Td (using ) Tj ET Q q 0 0 0 rg BT 254.57 406.65 Td (the ) Tj ET Q q 0 0 0 rg BT 269.36 406.65 Td (treasury ) Tj ET Q q 0 0 0 rg BT 304.15 406.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 327.83 406.65 Td (method. ) Tj ET Q q 0 0 0 rg BT 362.34 406.65 Td (Atlas) Tj ET Q q 0 0 0 rg BT 386.03 406.65 Td ( ) Tj ET Q q 0 0 0 rg BT 388.61 406.65 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 421.74 406.65 Td (potential ) Tj ET Q q 0 0 0 rg BT 459.31 406.65 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 495.76 406.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 523.33 406.65 Td (consist ) Tj ET Q q 0 0 0 rg BT 553.68 406.65 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.65 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 99.13 394.65 Td (stock ) Tj ET Q q 0 0 0 rg BT 122.71 394.65 Td (options ) Tj ET Q q 0 0 0 rg BT 154.63 394.65 Td (and ) Tj ET Q q 0 0 0 rg BT 171.53 394.65 Td (warrants ) Tj ET Q q 0 0 0 rg BT 208.43 394.65 Td (to ) Tj ET Q q 0 0 0 rg BT 218.68 394.65 Td (purchase ) Tj ET Q q 0 0 0 rg BT 256.68 394.65 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 293.03 394.65 Td (voting ) Tj ET Q q 0 0 0 rg BT 321.05 394.65 Td (common ) Tj ET Q q 0 0 0 rg BT 358.52 394.65 Td (shares. ) Tj ET Q q 0 0 0 rg BT 388.30 394.65 Td (The ) Tj ET Q q 0 0 0 rg BT 406.31 394.65 Td (ef) Tj ET Q q 0 0 0 rg BT 413.90 394.65 Td (fects ) Tj ET Q q 0 0 0 rg BT 435.24 394.65 Td (of ) Tj ET Q q 0 0 0 rg BT 446.04 394.65 Td (options ) Tj ET Q q 0 0 0 rg BT 477.96 394.65 Td (and ) Tj ET Q q 0 0 0 rg BT 494.87 394.65 Td (warrants ) Tj ET Q q 0 0 0 rg BT 531.76 394.65 Td (to ) Tj ET Q q 0 0 0 rg BT 542.01 394.65 Td (issue ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.65 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 86.27 382.65 Td (voting ) Tj ET Q q 0 0 0 rg BT 114.22 382.65 Td (common ) Tj ET Q q 0 0 0 rg BT 151.61 382.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 179.00 382.65 Td (are ) Tj ET Q q 0 0 0 rg BT 193.60 382.65 Td (excluded ) Tj ET Q q 0 0 0 rg BT 232.08 382.65 Td (from ) Tj ET Q q 0 0 0 rg BT 253.92 382.65 Td (the ) Tj ET Q q 0 0 0 rg BT 268.53 382.65 Td (computation ) Tj ET Q q 0 0 0 rg BT 320.91 382.65 Td (of ) Tj ET Q q 0 0 0 rg BT 331.64 382.65 Td (diluted ) Tj ET Q q 0 0 0 rg BT 361.80 382.65 Td (loss ) Tj ET Q q 0 0 0 rg BT 379.76 382.65 Td (per ) Tj ET Q q 0 0 0 rg BT 394.92 382.65 Td (share ) Tj ET Q q 0 0 0 rg BT 418.41 382.65 Td (in ) Tj ET Q q 0 0 0 rg BT 428.59 382.65 Td (periods ) Tj ET Q q 0 0 0 rg BT 460.42 382.65 Td (in ) Tj ET Q q 0 0 0 rg BT 470.59 382.65 Td (which ) Tj ET Q q 0 0 0 rg BT 497.42 382.65 Td (the ) Tj ET Q q 0 0 0 rg BT 512.03 382.65 Td (ef) Tj ET Q q 0 0 0 rg BT 519.62 382.65 Td (fect ) Tj ET Q q 0 0 0 rg BT 537.00 382.65 Td (would ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.65 Td (be ) Tj ET Q q 0 0 0 rg BT 61.43 370.65 Td (anti-dilutive. ) Tj ET Q q 0 0 0 rg BT 114.80 370.65 Td ( ) Tj ET Q q 0 0 0 rg BT 116.79 370.65 Td (For ) Tj ET Q q 0 0 0 rg BT 132.67 370.65 Td (both ) Tj ET Q q 0 0 0 rg BT 152.44 370.65 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.65 370.65 Td (three ) Tj ET Q q 0 0 0 rg BT 188.63 370.65 Td (and ) Tj ET Q q 0 0 0 rg BT 205.06 370.65 Td (nine ) Tj ET Q q 0 0 0 rg BT 224.26 370.65 Td (month ) Tj ET Q q 0 0 0 rg BT 251.81 370.65 Td (periods ) Tj ET Q q 0 0 0 rg BT 283.24 370.65 Td (ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.12 370.65 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.11 370.65 Td (September30, ) Tj ET Q q 0 0 0 rg BT 368.86 370.65 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.86 370.65 Td ( ) Tj ET Q q 0 0 0 rg BT 390.86 370.65 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.29 370.65 Td (September30, ) Tj ET Q q 0 0 0 rg BT 467.04 370.65 Td (201) Tj ET Q q 0 0 0 rg BT 481.67 370.65 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.67 370.65 Td (, ) Tj ET Q q 0 0 0 rg BT 491.16 370.65 Td (potential ) Tj ET Q q 0 0 0 rg BT 528.14 370.65 Td (ordinary ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.65 Td (voting ) Tj ET Q q 0 0 0 rg BT 78.06 358.65 Td (common ) Tj ET Q q 0 0 0 rg BT 115.55 358.65 Td (shares ) Tj ET Q q 0 0 0 rg BT 143.04 358.65 Td (were ) Tj ET Q q 0 0 0 rg BT 164.97 358.65 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 198.02 358.65 Td (due ) Tj ET Q q 0 0 0 rg BT 214.96 358.65 Td (to ) Tj ET Q q 0 0 0 rg BT 225.24 358.65 Td (the ) Tj ET Q q 0 0 0 rg BT 239.96 358.65 Td (achievement ) Tj ET Q q 0 0 0 rg BT 292.98 358.65 Td (of ) Tj ET Q q 0 0 0 rg BT 303.81 358.65 Td (net ) Tj ET Q q 0 0 0 rg BT 318.53 358.65 Td (income ) Tj ET Q q 0 0 0 rg BT 350.46 358.65 Td (attributable ) Tj ET Q q 0 0 0 rg BT 398.50 358.65 Td (to ) Tj ET Q q 0 0 0 rg BT 408.78 358.65 Td (common ) Tj ET Q q 0 0 0 rg BT 446.27 358.65 Td (shareholders.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 338.25 Td (4. INVESTMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 319.45 Td (The amortized cost, gross unrealized gains and losses and fair value for ) Tj ET Q q 0 0 0 rg BT 337.41 319.45 Td (Atlas) Tj ET Q q 0 0 0 rg BT 361.10 319.45 Td ( investments are as follows \(all amounts in '000s\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 274.95 156.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 274.95 156.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 274.95 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 274.95 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 274.95 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 274.95 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 250.95 156.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 250.95 156.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 250.95 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 250.95 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 250.95 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 250.95 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 226.95 156.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 226.95 156.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 226.95 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 226.95 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 226.95 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 226.95 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 202.95 156.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.50 202.95 156.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 202.95 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 202.95 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 202.95 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 513.50 202.95 50.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 303.95000000000005 m 413.5 303.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 274.95000000000005 m 413.5 274.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 303.95000000000005 m 463.5 303.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 274.95000000000005 m 463.5 274.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 303.95000000000005 m 513.5 303.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 274.95000000000005 m 513.5 274.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 303.95000000000005 m 563.5 303.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 274.95000000000005 m 563.5 274.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 202.95000000000005 m 413.5 202.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 191.95000000000005 m 413.5 191.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 189.95000000000005 m 413.5 189.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 202.95000000000005 m 463.5 202.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 191.95000000000005 m 463.5 191.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 189.95000000000005 m 463.5 189.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 202.95000000000005 m 513.5 202.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 191.95000000000005 m 513.5 191.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 189.95000000000005 m 513.5 189.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 202.95000000000005 m 563.5 202.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 191.95000000000005 m 563.5 191.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513.5 189.95000000000005 m 563.5 189.95000000000005 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 279.63 Td (September 30, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 369.75 287.18 Td (Amortized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 380.20 279.18 Td (Cost) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 428.05 295.18 Td (Gross) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 419.40 287.18 Td (Unrealized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 427.95 279.18 Td (Gains) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.05 295.18 Td (Gross) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.40 287.18 Td (Unrealized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 476.85 279.18 Td (Losses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 520.15 279.18 Td (Fair Value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 253.57 Td (Fixed Income:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 241.57 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.00 241.57 Td (- Government) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.00 241.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.15 241.57 Td (37,357) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.00 241.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.15 241.57 Td (1,099) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.00 241.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.65 241.57 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.00 241.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.15 241.57 Td (38,456) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.00 229.57 Td (- Corporate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.15 229.57 Td (44,100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.15 229.57 Td (1,709) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.65 229.57 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.15 229.57 Td (45,809) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.00 217.57 Td (- Commercial mortgage backed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.15 217.57 Td (20,372) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.65 217.57 Td (490) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.65 217.57 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.15 217.57 Td (20,862) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.00 205.57 Td (- Other asset backed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.15 205.57 Td (4,293) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.65 205.57 Td (135) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.65 205.57 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.15 205.57 Td (4,428) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 193.57 Td (Total Fixed Income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.00 193.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.10 193.57 Td (106,122) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.00 193.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.15 193.57 Td (3,433) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.00 193.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.65 193.57 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.00 193.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.10 193.57 Td (109,555) Tj ET Q BT /F2 10.00 Tf ET BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 19 0 obj <>] /Rotate 0 /Contents 20 0 R>> endobj 20 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 719.50 155.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 719.50 155.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 719.50 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 719.50 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 719.50 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 719.50 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 695.50 155.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 695.50 155.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 695.50 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 695.50 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 695.50 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 695.50 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 671.50 155.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 671.50 155.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 671.50 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 671.50 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 671.50 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 671.50 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 647.50 155.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 647.50 155.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 647.50 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 647.50 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 647.50 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 647.50 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 623.50 155.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 623.50 155.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 623.50 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 411.50 623.50 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 623.50 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 623.50 50.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 748.5 m 411.5 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 748.5 m 461.5 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 748.5 m 511.5 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 748.5 m 561.5 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 647.5 m 411.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 647.5 m 461.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 647.5 m 511.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 647.5 m 561.5 647.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 623.5 m 411.5 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 623.5 m 461.5 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 623.5 m 511.5 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 623.5 m 561.5 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 612.5 m 411.5 612.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 610.5 m 411.5 610.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 612.5 m 461.5 612.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 411.5 610.5 m 461.5 610.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 612.5 m 511.5 612.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 610.5 m 511.5 610.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 612.5 m 561.5 612.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 610.5 m 561.5 610.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 724.18 Td (December 31, 2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 367.75 731.73 Td (Amortized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 378.20 723.73 Td (Cost) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.05 739.73 Td (Gross) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.40 731.73 Td (Unrealized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 425.95 723.73 Td (Gains) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 476.05 739.73 Td (Gross) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 467.40 731.73 Td (Unrealized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.85 723.73 Td (Losses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 518.15 723.73 Td (Fair Value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 698.12 Td (Fixed Income:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 686.12 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.00 686.12 Td (- Government) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.00 686.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.15 686.12 Td (44,835) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.00 686.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 686.12 Td (911) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.00 686.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.65 686.12 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.00 686.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 686.12 Td (45,746) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.00 674.12 Td (- Corporate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.15 674.12 Td (35,572) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 674.12 Td (825) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.65 674.12 Td (24) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 674.12 Td (36,373) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.00 662.12 Td (- Commercial mortgage backed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.15 662.12 Td (17,493) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 662.12 Td (208) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.65 662.12 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 662.12 Td (17,701) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.00 650.12 Td (- Other asset backed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.15 650.12 Td (3,573) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.65 650.12 Td (99) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.65 650.12 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 650.12 Td (3,671) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 638.12 Td (Total Fixed Income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.00 638.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.10 638.12 Td (101,473) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.00 638.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.15 638.12 Td (2,043) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.00 638.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.65 638.12 Td (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.00 638.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.10 638.12 Td (103,491) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 626.12 Td (Equities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.65 626.12 Td (994) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 626.12 Td (147) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.65 626.12 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 626.12 Td (1,141) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 614.12 Td (Totals) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.00 614.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.10 614.12 Td (102,467) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.00 614.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.15 614.12 Td (2,190) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.00 614.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.65 614.12 Td (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.00 614.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.10 614.12 Td (104,632) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 593.20 Td (The following tables summarize carrying amounts of fixed income securities by contractual maturity \(all amounts in '000s\). ) Tj ET Q q 0 0 0 rg BT 546.67 593.20 Td (As ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 579.40 Td (certain securities and debentures have the right to call or prepay obligations, the actual settlement dates may dif) Tj ET Q q 0 0 0 rg BT 495.77 579.40 Td (fer from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 565.60 Td (contractual maturity) Tj ET Q q 0 0 0 rg BT 130.15 565.60 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 527.10 267.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 527.10 56.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.50 527.10 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 527.10 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 527.10 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 527.10 54.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 550.1 m 372.5 550.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 527.1 m 372.5 527.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 550.1 m 417.5 550.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 527.1 m 417.5 527.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 550.1 m 462.5 550.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 527.1 m 462.5 527.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 550.1 m 507.5 550.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 527.1 m 507.5 527.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 550.1 m 561.5 550.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 527.1 m 561.5 527.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 527.1 m 372.5 527.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 527.1 m 417.5 527.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 527.1 m 462.5 527.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 527.1 m 507.5 527.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 527.1 m 561.5 527.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 503.1 m 372.5 503.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 503.1 m 417.5 503.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 503.1 m 462.5 503.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 503.1 m 507.5 503.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 503.1 m 561.5 503.1 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 531.78 Td (As of the period ended September 30, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 323.70 539.33 Td (One year or) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 338.00 531.33 Td (less) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.80 539.33 Td (One to five) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 385.35 531.33 Td (years) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.50 539.33 Td (Five to ten) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.35 531.33 Td (years) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.45 539.33 Td (More than) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 469.05 531.33 Td (ten years) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.25 531.33 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 517.72 Td (Fixed Income Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.00 517.72 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.15 517.72 Td (18,085) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.00 517.72 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.10 517.72 Td (21,803) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.00 517.72 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.10 517.72 Td (21,806) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.00 517.72 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.10 517.72 Td (47,861) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.00 517.72 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.10 517.72 Td (109,555) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 505.72 Td (Percentage of total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.15 505.72 Td (16.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.65 505.72 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 391.15 505.72 Td (19.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.65 505.72 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.15 505.72 Td (19.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.65 505.72 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.15 505.72 Td (43.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.65 505.72 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 505.72 Td (100.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.65 505.72 Td (%) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 457.10 278.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 457.10 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 457.10 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 457.10 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 457.10 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 457.10 54.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 480.1 m 373.5 480.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 457.1 m 373.5 457.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 480.1 m 418.5 480.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 457.1 m 418.5 457.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 480.1 m 463.5 480.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 457.1 m 463.5 457.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 480.1 m 508.5 480.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 457.1 m 508.5 457.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 480.1 m 562.5 480.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 457.1 m 562.5 457.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 457.1 m 373.5 457.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 457.1 m 418.5 457.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 457.1 m 463.5 457.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 457.1 m 508.5 457.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 457.1 m 562.5 457.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 433.1 m 373.5 433.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 433.1 m 418.5 433.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 433.1 m 463.5 433.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 433.1 m 508.5 433.1 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 433.1 m 562.5 433.1 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 461.78 Td (As of the year ended December 31, 2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 334.90 469.33 Td (One year) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 339.75 461.33 Td (or less) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 376.80 469.33 Td (One to five) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.35 461.33 Td (years) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 422.50 469.33 Td (Five to ten) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 431.35 461.33 Td (years) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 467.45 469.33 Td (More than) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 470.05 461.33 Td (ten years) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 526.25 461.33 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 447.72 Td (Fixed Income Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.00 447.72 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.10 447.72 Td (29,407) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.00 447.72 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.10 447.72 Td (27,317) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.00 447.72 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.10 447.72 Td (10,242) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.00 447.72 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.10 447.72 Td (36,525) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.00 447.72 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.10 447.72 Td (103,491) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 435.72 Td (Percentage of total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.15 435.72 Td (28.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 364.65 435.72 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.15 435.72 Td (26.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.65 435.72 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.15 435.72 Td (9.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.65 435.72 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.15 435.72 Td (35.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.65 435.72 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 435.72 Td (100.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 435.72 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 416.60 Td (Management ) Tj ET Q q 0 0 0 rg BT 105.62 416.60 Td (performs ) Tj ET Q q 0 0 0 rg BT 145.13 416.60 Td (a ) Tj ET Q q 0 0 0 rg BT 152.98 416.60 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 192.49 416.60 Td (analysis ) Tj ET Q q 0 0 0 rg BT 228.12 416.60 Td (of ) Tj ET Q q 0 0 0 rg BT 239.10 416.60 Td (Atlas) Tj ET Q q 0 0 0 rg BT 262.80 416.60 Td ( ) Tj ET Q q 0 0 0 rg BT 266.21 416.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 313.51 416.60 Td (holdings ) Tj ET Q q 0 0 0 rg BT 351.37 416.60 Td (to ) Tj ET Q q 0 0 0 rg BT 362.56 416.60 Td (determine ) Tj ET Q q 0 0 0 rg BT 405.96 416.60 Td (if ) Tj ET Q q 0 0 0 rg BT 415.48 416.60 Td (declines ) Tj ET Q q 0 0 0 rg BT 451.65 416.60 Td (in ) Tj ET Q q 0 0 0 rg BT 462.85 416.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 480.14 416.60 Td (value ) Tj ET Q q 0 0 0 rg BT 505.20 416.60 Td (are ) Tj ET Q q 0 0 0 rg BT 520.82 416.60 Td (other ) Tj ET Q q 0 0 0 rg BT 544.78 416.60 Td (than ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 404.60 Td (temporary) Tj ET Q q 0 0 0 rg BT 90.44 404.60 Td (. ) Tj ET Q q 0 0 0 rg BT 95.26 404.60 Td (The ) Tj ET Q q 0 0 0 rg BT 113.31 404.60 Td (analysis ) Tj ET Q q 0 0 0 rg BT 148.03 404.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 183.85 404.60 Td (some ) Tj ET Q q 0 0 0 rg BT 207.46 404.60 Td (or ) Tj ET Q q 0 0 0 rg BT 218.29 404.60 Td (all ) Tj ET Q q 0 0 0 rg BT 230.79 404.60 Td (of ) Tj ET Q q 0 0 0 rg BT 241.62 404.60 Td (the ) Tj ET Q q 0 0 0 rg BT 256.33 404.60 Td (following ) Tj ET Q q 0 0 0 rg BT 297.72 404.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 344.09 404.60 Td (as ) Tj ET Q q 0 0 0 rg BT 354.92 404.60 Td (deemed ) Tj ET Q q 0 0 0 rg BT 388.51 404.60 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 436.54 404.60 Td (by ) Tj ET Q q 0 0 0 rg BT 449.04 404.60 Td (management:) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 385.44 cm /I32 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 387.60 Td (identifying ) Tj ET Q q 0 0 0 rg BT 131.49 387.60 Td (all ) Tj ET Q q 0 0 0 rg BT 143.09 387.60 Td (security ) Tj ET Q q 0 0 0 rg BT 176.35 387.60 Td (holdings ) Tj ET Q q 0 0 0 rg BT 212.40 387.60 Td (in ) Tj ET Q q 0 0 0 rg BT 221.79 387.60 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 265.03 387.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 282.20 387.60 Td (positions ) Tj ET Q q 0 0 0 rg BT 319.92 387.60 Td (that ) Tj ET Q q 0 0 0 rg BT 336.52 387.60 Td (have ) Tj ET Q q 0 0 0 rg BT 357.01 387.60 Td (existed ) Tj ET Q q 0 0 0 rg BT 386.94 387.60 Td (for ) Tj ET Q q 0 0 0 rg BT 400.20 387.60 Td (at ) Tj ET Q q 0 0 0 rg BT 409.02 387.60 Td (least ) Tj ET Q q 0 0 0 rg BT 428.96 387.60 Td (six ) Tj ET Q q 0 0 0 rg BT 442.23 387.60 Td (months ) Tj ET Q q 0 0 0 rg BT 473.28 387.60 Td (or ) Tj ET Q q 0 0 0 rg BT 483.22 387.60 Td (other ) Tj ET Q q 0 0 0 rg BT 505.37 387.60 Td (circumstances ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 375.60 Td (that ) Tj ET Q q 0 0 0 rg BT 103.50 375.60 Td (management ) Tj ET Q q 0 0 0 rg BT 157.08 375.60 Td (believes ) Tj ET Q q 0 0 0 rg BT 192.35 375.60 Td (may ) Tj ET Q q 0 0 0 rg BT 212.06 375.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 241.78 375.60 Td (the ) Tj ET Q q 0 0 0 rg BT 256.49 375.60 Td (recoverability ) Tj ET Q q 0 0 0 rg BT 314.52 375.60 Td (of ) Tj ET Q q 0 0 0 rg BT 325.35 375.60 Td (the ) Tj ET Q q 0 0 0 rg BT 340.07 375.60 Td (security;) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 356.44 cm /I33 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 358.60 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 125.94 358.60 Td (a ) Tj ET Q q 0 0 0 rg BT 132.55 358.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 171.93 358.60 Td (analysis ) Tj ET Q q 0 0 0 rg BT 206.31 358.60 Td (from ) Tj ET Q q 0 0 0 rg BT 227.92 358.60 Td (third ) Tj ET Q q 0 0 0 rg BT 248.97 358.60 Td (party ) Tj ET Q q 0 0 0 rg BT 271.69 358.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 317.74 358.60 Td (managers ) Tj ET Q q 0 0 0 rg BT 358.22 358.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 398.71 358.60 Td (these ) Tj ET Q q 0 0 0 rg BT 421.42 358.60 Td (holdings ) Tj ET Q q 0 0 0 rg BT 458.04 358.60 Td (based ) Tj ET Q q 0 0 0 rg BT 482.97 358.60 Td (on ) Tj ET Q q 0 0 0 rg BT 495.14 358.60 Td (their ) Tj ET Q q 0 0 0 rg BT 515.63 358.60 Td (knowledge, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 346.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 131.80 346.60 Td (and ) Tj ET Q q 0 0 0 rg BT 148.74 346.60 Td (other ) Tj ET Q q 0 0 0 rg BT 171.79 346.60 Td (market ) Tj ET Q q 0 0 0 rg BT 202.05 346.60 Td (based ) Tj ET Q q 0 0 0 rg BT 227.32 346.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 267.03 346.60 Td (techniques;) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 327.44 cm /I34 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 329.60 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 128.49 329.60 Td (the ) Tj ET Q q 0 0 0 rg BT 143.20 329.60 Td (trading ) Tj ET Q q 0 0 0 rg BT 174.03 329.60 Td (range ) Tj ET Q q 0 0 0 rg BT 198.73 329.60 Td (of ) Tj ET Q q 0 0 0 rg BT 209.56 329.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 239.27 329.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 279.53 329.60 Td (over ) Tj ET Q q 0 0 0 rg BT 299.80 329.60 Td (the ) Tj ET Q q 0 0 0 rg BT 314.52 329.60 Td (preceding ) Tj ET Q q 0 0 0 rg BT 356.44 329.60 Td (calendar ) Tj ET Q q 0 0 0 rg BT 392.80 329.60 Td (period;) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 310.44 cm /I35 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 312.60 Td (assessing ) Tj ET Q q 0 0 0 rg BT 126.25 312.60 Td (if ) Tj ET Q q 0 0 0 rg BT 135.38 312.60 Td (declines ) Tj ET Q q 0 0 0 rg BT 171.18 312.60 Td (in ) Tj ET Q q 0 0 0 rg BT 181.98 312.60 Td (market ) Tj ET Q q 0 0 0 rg BT 212.77 312.60 Td (value ) Tj ET Q q 0 0 0 rg BT 237.46 312.60 Td (are ) Tj ET Q q 0 0 0 rg BT 252.69 312.60 Td (other ) Tj ET Q q 0 0 0 rg BT 276.26 312.60 Td (than ) Tj ET Q q 0 0 0 rg BT 296.51 312.60 Td (temporary ) Tj ET Q q 0 0 0 rg BT 340.63 312.60 Td (for ) Tj ET Q q 0 0 0 rg BT 355.32 312.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 375.56 312.60 Td (security ) Tj ET Q q 0 0 0 rg BT 410.24 312.60 Td (holdings ) Tj ET Q q 0 0 0 rg BT 447.72 312.60 Td (based ) Tj ET Q q 0 0 0 rg BT 473.51 312.60 Td (on ) Tj ET Q q 0 0 0 rg BT 486.54 312.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 512.33 312.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 542.58 312.60 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 300.60 Td (third ) Tj ET Q q 0 0 0 rg BT 107.39 300.60 Td (party ) Tj ET Q q 0 0 0 rg BT 130.43 300.60 Td (security ) Tj ET Q q 0 0 0 rg BT 164.59 300.60 Td (rating ) Tj ET Q q 0 0 0 rg BT 190.41 300.60 Td (agencies; ) Tj ET Q q 0 0 0 rg BT 230.12 300.60 Td (and) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 281.44 cm /I36 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 283.60 Td (determining ) Tj ET Q q 0 0 0 rg BT 136.84 283.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.58 283.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 192.96 283.60 Td (provision ) Tj ET Q q 0 0 0 rg BT 233.26 283.60 Td (for ) Tj ET Q q 0 0 0 rg BT 247.44 283.60 Td (declines ) Tj ET Q q 0 0 0 rg BT 282.72 283.60 Td (in ) Tj ET Q q 0 0 0 rg BT 293.02 283.60 Td (market ) Tj ET Q q 0 0 0 rg BT 323.30 283.60 Td (value ) Tj ET Q q 0 0 0 rg BT 347.48 283.60 Td (that ) Tj ET Q q 0 0 0 rg BT 364.99 283.60 Td (are ) Tj ET Q q 0 0 0 rg BT 379.72 283.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 425.56 283.60 Td (other ) Tj ET Q q 0 0 0 rg BT 448.62 283.60 Td (than ) Tj ET Q q 0 0 0 rg BT 468.36 283.60 Td (temporary ) Tj ET Q q 0 0 0 rg BT 511.97 283.60 Td (based ) Tj ET Q q 0 0 0 rg BT 537.26 283.60 Td (on ) Tj ET Q q 0 0 0 rg BT 549.78 283.60 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 271.60 Td (analyses ) Tj ET Q q 0 0 0 rg BT 122.38 271.60 Td (performed.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 254.60 Td (The ) Tj ET Q q 0 0 0 rg BT 68.14 254.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 89.62 254.60 Td (and ) Tj ET Q q 0 0 0 rg BT 106.65 254.60 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 160.32 254.60 Td (inherent ) Tj ET Q q 0 0 0 rg BT 195.68 254.60 Td (in ) Tj ET Q q 0 0 0 rg BT 206.04 254.60 Td (the ) Tj ET Q q 0 0 0 rg BT 220.85 254.60 Td (assessment ) Tj ET Q q 0 0 0 rg BT 267.88 254.60 Td (methodology ) Tj ET Q q 0 0 0 rg BT 323.24 254.60 Td (utilized ) Tj ET Q q 0 0 0 rg BT 355.82 254.60 Td (to ) Tj ET Q q 0 0 0 rg BT 366.19 254.60 Td (determine ) Tj ET Q q 0 0 0 rg BT 408.76 254.60 Td (declines ) Tj ET Q q 0 0 0 rg BT 444.11 254.60 Td (in ) Tj ET Q q 0 0 0 rg BT 454.48 254.60 Td (market ) Tj ET Q q 0 0 0 rg BT 484.83 254.60 Td (value ) Tj ET Q q 0 0 0 rg BT 509.08 254.60 Td (that ) Tj ET Q q 0 0 0 rg BT 526.66 254.60 Td (are ) Tj ET Q q 0 0 0 rg BT 541.46 254.60 Td (other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 242.60 Td (than ) Tj ET Q q 0 0 0 rg BT 69.72 242.60 Td (temporary ) Tj ET Q q 0 0 0 rg BT 113.31 242.60 Td (include, ) Tj ET Q q 0 0 0 rg BT 147.74 242.60 Td (but ) Tj ET Q q 0 0 0 rg BT 163.02 242.60 Td (may ) Tj ET Q q 0 0 0 rg BT 182.74 242.60 Td (not ) Tj ET Q q 0 0 0 rg BT 198.02 242.60 Td (be ) Tj ET Q q 0 0 0 rg BT 209.96 242.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 240.79 242.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 253.56 242.60 Td (the ) Tj ET Q q 0 0 0 rg BT 268.28 242.60 Td (following:) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 223.44 cm /I37 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 225.60 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 225.60 Td (opinion ) Tj ET Q q 0 0 0 rg BT 133.77 225.60 Td (of ) Tj ET Q q 0 0 0 rg BT 144.60 225.60 Td (professional ) Tj ET Q q 0 0 0 rg BT 195.98 225.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 242.36 225.60 Td (managers ) Tj ET Q q 0 0 0 rg BT 283.18 225.60 Td (could ) Tj ET Q q 0 0 0 rg BT 307.89 225.60 Td (be ) Tj ET Q q 0 0 0 rg BT 319.83 225.60 Td (incorrect;) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 206.44 cm /I38 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 208.60 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 208.60 Td (past ) Tj ET Q q 0 0 0 rg BT 119.33 208.60 Td (trading ) Tj ET Q q 0 0 0 rg BT 150.15 208.60 Td (patterns ) Tj ET Q q 0 0 0 rg BT 184.31 208.60 Td (of ) Tj ET Q q 0 0 0 rg BT 195.14 208.60 Td (individual ) Tj ET Q q 0 0 0 rg BT 238.19 208.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 278.45 208.60 Td (may ) Tj ET Q q 0 0 0 rg BT 298.17 208.60 Td (not ) Tj ET Q q 0 0 0 rg BT 313.45 208.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 341.48 208.60 Td (future ) Tj ET Q q 0 0 0 rg BT 367.86 208.60 Td (valuation ) Tj ET Q q 0 0 0 rg BT 407.57 208.60 Td (trends;) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 189.44 cm /I39 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 191.60 Td (the ) Tj ET Q q 0 0 0 rg BT 101.00 191.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 126.54 191.60 Td (ratings ) Tj ET Q q 0 0 0 rg BT 156.54 191.60 Td (assigned ) Tj ET Q q 0 0 0 rg BT 193.76 191.60 Td (by ) Tj ET Q q 0 0 0 rg BT 206.55 191.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 258.20 191.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 283.75 191.60 Td (rating ) Tj ET Q q 0 0 0 rg BT 309.85 191.60 Td (agencies ) Tj ET Q q 0 0 0 rg BT 347.06 191.60 Td (may ) Tj ET Q q 0 0 0 rg BT 367.06 191.60 Td (be ) Tj ET Q q 0 0 0 rg BT 379.28 191.60 Td (incorrect ) Tj ET Q q 0 0 0 rg BT 417.59 191.60 Td (due ) Tj ET Q q 0 0 0 rg BT 434.82 191.60 Td (to ) Tj ET Q q 0 0 0 rg BT 445.38 191.60 Td (unforeseen ) Tj ET Q q 0 0 0 rg BT 492.03 191.60 Td (or ) Tj ET Q q 0 0 0 rg BT 503.14 191.60 Td (unknown ) Tj ET Q q 0 0 0 rg BT 543.14 191.60 Td (facts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 179.60 Td (related ) Tj ET Q q 0 0 0 rg BT 115.70 179.60 Td (to ) Tj ET Q q 0 0 0 rg BT 125.98 179.60 Td (a ) Tj ET Q q 0 0 0 rg BT 132.92 179.60 Td (company) Tj ET Q q 0 0 0 rg BT 172.35 179.60 Td (s ) Tj ET Q q 0 0 0 rg BT 178.74 179.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 216.22 179.60 Td (situation; ) Tj ET Q q 0 0 0 rg BT 255.95 179.60 Td (and) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 160.44 cm /I40 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 100.87 162.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 120.74 162.60 Td (service ) Tj ET Q q 0 0 0 rg BT 151.70 162.60 Td (pattern ) Tj ET Q q 0 0 0 rg BT 182.12 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 193.10 162.60 Td (non-investment ) Tj ET Q q 0 0 0 rg BT 257.96 162.60 Td (grade ) Tj ET Q q 0 0 0 rg BT 282.82 162.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 323.24 162.60 Td (may ) Tj ET Q q 0 0 0 rg BT 343.10 162.60 Td (not ) Tj ET Q q 0 0 0 rg BT 358.53 162.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 386.72 162.60 Td (future ) Tj ET Q q 0 0 0 rg BT 413.25 162.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 433.11 162.60 Td (service ) Tj ET Q q 0 0 0 rg BT 464.08 162.60 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 512.27 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 529.36 162.60 Td (may ) Tj ET Q q 0 0 0 rg BT 549.23 162.60 Td (not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 150.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 114.03 150.60 Td (a ) Tj ET Q q 0 0 0 rg BT 120.97 150.60 Td (company) Tj ET Q q 0 0 0 rg BT 160.40 150.60 Td (s ) Tj ET Q q 0 0 0 rg BT 166.80 150.60 Td (unknown ) Tj ET Q q 0 0 0 rg BT 206.52 150.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 252.34 150.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 289.82 150.60 Td (problems.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 133.60 Td (There ) Tj ET Q q 0 0 0 rg BT 75.78 133.60 Td (were ) Tj ET Q q 0 0 0 rg BT 97.67 133.60 Td (no ) Tj ET Q q 0 0 0 rg BT 110.13 133.60 Td (impairments ) Tj ET Q q 0 0 0 rg BT 162.58 133.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 200.01 133.60 Td (in ) Tj ET Q q 0 0 0 rg BT 210.25 133.60 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.93 133.60 Td (three ) Tj ET Q q 0 0 0 rg BT 247.38 133.60 Td (month ) Tj ET Q q 0 0 0 rg BT 275.40 133.60 Td (period ) Tj ET Q q 0 0 0 rg BT 303.40 133.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 329.74 133.60 Td (September ) Tj ET Q q 0 0 0 rg BT 374.97 133.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 389.93 133.60 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.93 133.60 Td ( ) Tj ET Q q 0 0 0 rg BT 412.39 133.60 Td (or ) Tj ET Q q 0 0 0 rg BT 423.18 133.60 Td (the ) Tj ET Q q 0 0 0 rg BT 437.86 133.60 Td (year ) Tj ET Q q 0 0 0 rg BT 457.52 133.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 483.86 133.60 Td (December ) Tj ET Q q 0 0 0 rg BT 527.41 133.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 542.37 133.60 Td (201) Tj ET Q q 0 0 0 rg BT 557.00 133.60 Td (1 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 121.60 Td (as ) Tj ET Q q 0 0 0 rg BT 60.78 121.60 Td (a ) Tj ET Q q 0 0 0 rg BT 67.67 121.60 Td (result ) Tj ET Q q 0 0 0 rg BT 92.34 121.60 Td (of ) Tj ET Q q 0 0 0 rg BT 103.12 121.60 Td (the ) Tj ET Q q 0 0 0 rg BT 117.78 121.60 Td (above ) Tj ET Q q 0 0 0 rg BT 144.11 121.60 Td (analysis ) Tj ET Q q 0 0 0 rg BT 178.78 121.60 Td (performed ) Tj ET Q q 0 0 0 rg BT 222.87 121.60 Td (by ) Tj ET Q q 0 0 0 rg BT 235.32 121.60 Td (management ) Tj ET Q q 0 0 0 rg BT 288.86 121.60 Td (to ) Tj ET Q q 0 0 0 rg BT 299.09 121.60 Td (determine ) Tj ET Q q 0 0 0 rg BT 341.52 121.60 Td (declines ) Tj ET Q q 0 0 0 rg BT 376.74 121.60 Td (in ) Tj ET Q q 0 0 0 rg BT 386.96 121.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 403.29 121.60 Td (value ) Tj ET Q q 0 0 0 rg BT 427.40 121.60 Td (that ) Tj ET Q q 0 0 0 rg BT 444.84 121.60 Td (may ) Tj ET Q q 0 0 0 rg BT 464.51 121.60 Td (be ) Tj ET Q q 0 0 0 rg BT 476.40 121.60 Td (other ) Tj ET Q q 0 0 0 rg BT 499.39 121.60 Td (than ) Tj ET Q q 0 0 0 rg BT 519.06 121.60 Td (temporary) Tj ET Q q 0 0 0 rg BT 559.51 121.60 Td (. ) Tj ET Q q 0 0 0 rg BT 564.51 121.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 109.60 Td (All ) Tj ET Q q 0 0 0 rg BT 65.65 109.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 106.29 109.60 Td (in ) Tj ET Q q 0 0 0 rg BT 116.95 109.60 Td (an ) Tj ET Q q 0 0 0 rg BT 129.26 109.60 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 173.78 109.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 192.22 109.60 Td (position ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.32 109.60 Td (as ) Tj ET Q q 0 0 0 rg BT 238.53 109.60 Td (of ) Tj ET Q q 0 0 0 rg BT 249.73 109.60 Td (the ) Tj ET Q q 0 0 0 rg BT 264.82 109.60 Td (period ) Tj ET Q q 0 0 0 rg BT 293.25 109.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 320.00 109.60 Td (September ) Tj ET Q q 0 0 0 rg BT 365.64 109.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 381.02 109.60 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.02 109.60 Td ( ) Tj ET Q q 0 0 0 rg BT 403.89 109.60 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.21 109.60 Td (as ) Tj ET Q q 0 0 0 rg BT 432.41 109.60 Td (of ) Tj ET Q q 0 0 0 rg BT 443.62 109.60 Td (the ) Tj ET Q q 0 0 0 rg BT 458.71 109.60 Td (year ) Tj ET Q q 0 0 0 rg BT 478.79 109.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 505.55 109.60 Td (December ) Tj ET Q q 0 0 0 rg BT 549.51 109.60 Td (31, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 97.60 Td (201) Tj ET Q q 0 0 0 rg BT 64.63 97.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.63 97.60 Td ( ) Tj ET Q q 0 0 0 rg BT 72.13 97.60 Td (have ) Tj ET Q q 0 0 0 rg BT 93.51 97.60 Td (been ) Tj ET Q q 0 0 0 rg BT 114.88 97.60 Td (in ) Tj ET Q q 0 0 0 rg BT 125.16 97.60 Td (said ) Tj ET Q q 0 0 0 rg BT 143.77 97.60 Td (position ) Tj ET Q q 0 0 0 rg BT 178.50 97.60 Td (for ) Tj ET Q q 0 0 0 rg BT 192.66 97.60 Td (less ) Tj ET Q q 0 0 0 rg BT 210.16 97.60 Td (than ) Tj ET Q q 0 0 0 rg BT 229.87 97.60 Td (12 ) Tj ET Q q 0 0 0 rg BT 242.37 97.60 Td (months.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 80.60 Td (The following table summarizes the components of net investment income for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.91 80.60 Td (three month periods ended September 30, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 68.60 Td (2012 and 201) Tj ET Q q 0 0 0 rg BT 104.07 68.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.07 68.60 Td (\(all amounts in '000s\):) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 21 0 obj <>] /Rotate 0 /Contents 22 0 R>> endobj 22 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 726.50 163.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.50 726.50 205.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 726.50 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 726.50 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 702.50 32.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 81.50 702.50 336.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 702.50 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 702.50 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 678.50 163.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 212.50 678.50 205.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 678.50 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 489.50 678.50 72.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 678.5 m 489.5 678.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 678.5 m 561.5 678.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 678.5 m 489.5 678.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 667.5 m 489.5 667.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 665.5 m 489.5 665.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 678.5 m 561.5 678.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 667.5 m 561.5 667.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 665.5 m 561.5 665.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 422.50 739.23 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 443.00 729.23 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 494.50 739.23 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 515.25 729.23 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 717.12 Td (Total investment income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.00 705.12 Td (Interest \(from fixed income securities\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.00 705.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.65 705.12 Td (680) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.00 705.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 705.12 Td (905) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.00 693.12 Td (Income from equity method investment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.65 693.12 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 693.12 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 681.12 Td (Investment expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.30 681.12 Td (\(85) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.65 681.12 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.30 681.12 Td (\(186) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 681.12 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 669.12 Td (Net investment income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.00 669.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.65 669.12 Td (613) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.00 669.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 669.12 Td (719) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 650.00 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 95.26 650.00 Td (pledged:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 633.00 Td (As ) Tj ET Q q 0 0 0 rg BT 63.58 633.00 Td (of ) Tj ET Q q 0 0 0 rg BT 74.38 633.00 Td (the ) Tj ET Q q 0 0 0 rg BT 89.07 633.00 Td (period ) Tj ET Q q 0 0 0 rg BT 117.09 633.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 143.44 633.00 Td (September ) Tj ET Q q 0 0 0 rg BT 188.67 633.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 203.64 633.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.64 633.00 Td (, ) Tj ET Q q 0 0 0 rg BT 228.61 633.00 Td (bonds ) Tj ET Q q 0 0 0 rg BT 254.98 633.00 Td (and ) Tj ET Q q 0 0 0 rg BT 271.88 633.00 Td (term ) Tj ET Q q 0 0 0 rg BT 292.68 633.00 Td (deposits ) Tj ET Q q 0 0 0 rg BT 327.93 633.00 Td (with ) Tj ET Q q 0 0 0 rg BT 348.18 633.00 Td (a ) Tj ET Q q 0 0 0 rg BT 355.09 633.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 371.44 633.00 Td (value ) Tj ET Q q 0 0 0 rg BT 395.56 633.00 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.36 633.00 Td ($9.8 ) Tj ET Q q 0 0 0 rg BT 426.33 633.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.22 633.00 Td ( ) Tj ET Q q 0 0 0 rg BT 457.70 633.00 Td (were ) Tj ET Q q 0 0 0 rg BT 479.59 633.00 Td (on ) Tj ET Q q 0 0 0 rg BT 492.07 633.00 Td (deposit ) Tj ET Q q 0 0 0 rg BT 523.42 633.00 Td (with ) Tj ET Q q 0 0 0 rg BT 543.67 633.00 Td (state ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 621.00 Td (and ) Tj ET Q q 0 0 0 rg BT 66.97 621.00 Td (provincial ) Tj ET Q q 0 0 0 rg BT 110.05 621.00 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 153.67 621.00 Td (authorities, ) Tj ET Q q 0 0 0 rg BT 200.92 621.00 Td (versus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.00 621.00 Td ($1) Tj ET Q q 0 0 0 rg BT 238.63 621.00 Td (1.8 ) Tj ET Q q 0 0 0 rg BT 253.67 621.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.56 621.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.09 621.00 Td (as ) Tj ET Q q 0 0 0 rg BT 295.95 621.00 Td (of ) Tj ET Q q 0 0 0 rg BT 306.82 621.00 Td (the ) Tj ET Q q 0 0 0 rg BT 321.57 621.00 Td (year ) Tj ET Q q 0 0 0 rg BT 341.31 621.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 367.72 621.00 Td (December ) Tj ET Q q 0 0 0 rg BT 411.33 621.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 426.37 621.00 Td (201) Tj ET Q q 0 0 0 rg BT 441.00 621.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.00 621.00 Td (. ) Tj ET Q q 0 0 0 rg BT 450.47 621.00 Td (Also, ) Tj ET Q q 0 0 0 rg BT 474.40 621.00 Td (from ) Tj ET Q q 0 0 0 rg BT 496.37 621.00 Td (time ) Tj ET Q q 0 0 0 rg BT 516.67 621.00 Td (to ) Tj ET Q q 0 0 0 rg BT 526.99 621.00 Td (time, ) Tj ET Q q 0 0 0 rg BT 549.79 621.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 609.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.80 609.00 Td (pledges ) Tj ET Q q 0 0 0 rg BT 125.25 609.00 Td (securities ) Tj ET Q q 0 0 0 rg BT 165.93 609.00 Td (to ) Tj ET Q q 0 0 0 rg BT 176.62 609.00 Td (third ) Tj ET Q q 0 0 0 rg BT 198.41 609.00 Td (parties ) Tj ET Q q 0 0 0 rg BT 227.98 609.00 Td (to ) Tj ET Q q 0 0 0 rg BT 238.67 609.00 Td (collateralize ) Tj ET Q q 0 0 0 rg BT 290.43 609.00 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 330.56 609.00 Td (incurred ) Tj ET Q q 0 0 0 rg BT 366.78 609.00 Td (under ) Tj ET Q q 0 0 0 rg BT 392.46 609.00 Td (its ) Tj ET Q q 0 0 0 rg BT 404.82 609.00 Td (policies ) Tj ET Q q 0 0 0 rg BT 438.83 609.00 Td (of ) Tj ET Q q 0 0 0 rg BT 450.07 609.00 Td (insurance. ) Tj ET Q q 0 0 0 rg BT 493.80 609.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.07 609.00 Td (As ) Tj ET Q q 0 0 0 rg BT 510.09 609.00 Td (of ) Tj ET Q q 0 0 0 rg BT 521.33 609.00 Td (the ) Tj ET Q q 0 0 0 rg BT 536.46 609.00 Td (period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 597.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 76.28 597.00 Td (September ) Tj ET Q q 0 0 0 rg BT 121.44 597.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 136.34 597.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.34 597.00 Td (, ) Tj ET Q q 0 0 0 rg BT 161.25 597.00 Td (the ) Tj ET Q q 0 0 0 rg BT 175.86 597.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 208.26 597.00 Td (of ) Tj ET Q q 0 0 0 rg BT 218.99 597.00 Td (such ) Tj ET Q q 0 0 0 rg BT 239.72 597.00 Td (pledged ) Tj ET Q q 0 0 0 rg BT 273.78 597.00 Td (securities ) Tj ET Q q 0 0 0 rg BT 313.95 597.00 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.90 597.00 Td ($1) Tj ET Q q 0 0 0 rg BT 341.53 597.00 Td (1.6 ) Tj ET Q q 0 0 0 rg BT 356.43 597.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.32 597.00 Td ( ) Tj ET Q q 0 0 0 rg BT 387.72 597.00 Td (versus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.67 597.00 Td ($10.4 ) Tj ET Q q 0 0 0 rg BT 440.58 597.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.47 597.00 Td ( ) Tj ET Q q 0 0 0 rg BT 471.87 597.00 Td (at ) Tj ET Q q 0 0 0 rg BT 481.49 597.00 Td (December ) Tj ET Q q 0 0 0 rg BT 524.97 597.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 539.87 597.00 Td (201) Tj ET Q q 0 0 0 rg BT 554.50 597.00 Td (1. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 585.00 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 92.24 585.00 Td (pledging ) Tj ET Q q 0 0 0 rg BT 130.04 585.00 Td (transactions ) Tj ET Q q 0 0 0 rg BT 180.62 585.00 Td (are ) Tj ET Q q 0 0 0 rg BT 195.63 585.00 Td (conducted ) Tj ET Q q 0 0 0 rg BT 239.54 585.00 Td (under ) Tj ET Q q 0 0 0 rg BT 265.12 585.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 290.14 585.00 Td (that ) Tj ET Q q 0 0 0 rg BT 307.95 585.00 Td (are ) Tj ET Q q 0 0 0 rg BT 322.97 585.00 Td (common ) Tj ET Q q 0 0 0 rg BT 360.77 585.00 Td (and ) Tj ET Q q 0 0 0 rg BT 378.02 585.00 Td (customary ) Tj ET Q q 0 0 0 rg BT 422.49 585.00 Td (to ) Tj ET Q q 0 0 0 rg BT 433.07 585.00 Td (standard ) Tj ET Q q 0 0 0 rg BT 469.76 585.00 Td (collateral ) Tj ET Q q 0 0 0 rg BT 509.77 585.00 Td (pledging ) Tj ET Q q 0 0 0 rg BT 547.57 585.00 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 573.00 Td (are ) Tj ET Q q 0 0 0 rg BT 64.65 573.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 95.42 573.00 Td (to ) Tj ET Q q 0 0 0 rg BT 105.63 573.00 Td (the ) Tj ET Q q 0 0 0 rg BT 120.29 573.00 Td (Company) Tj ET Q q 0 0 0 rg BT 161.96 573.00 Td (s ) Tj ET Q q 0 0 0 rg BT 168.29 573.00 Td (standard ) Tj ET Q q 0 0 0 rg BT 204.61 573.00 Td (risk ) Tj ET Q q 0 0 0 rg BT 222.05 573.00 Td (management ) Tj ET Q q 0 0 0 rg BT 275.58 573.00 Td (controls. ) Tj ET Q q 0 0 0 rg BT 312.56 573.00 Td (These ) Tj ET Q q 0 0 0 rg BT 338.88 573.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 364.65 573.00 Td (and ) Tj ET Q q 0 0 0 rg BT 381.53 573.00 Td (investment ) Tj ET Q q 0 0 0 rg BT 427.86 573.00 Td (income ) Tj ET Q q 0 0 0 rg BT 459.73 573.00 Td (related ) Tj ET Q q 0 0 0 rg BT 489.37 573.00 Td (thereto ) Tj ET Q q 0 0 0 rg BT 519.58 573.00 Td (remain ) Tj ET Q q 0 0 0 rg BT 549.78 573.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 561.00 Td (property ) Tj ET Q q 0 0 0 rg BT 86.73 561.00 Td (of ) Tj ET Q q 0 0 0 rg BT 97.91 561.00 Td (the ) Tj ET Q q 0 0 0 rg BT 112.98 561.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 154.72 561.00 Td (while ) Tj ET Q q 0 0 0 rg BT 179.79 561.00 Td (pledged. ) Tj ET Q q 0 0 0 rg BT 216.79 561.00 Td (Neither ) Tj ET Q q 0 0 0 rg BT 249.63 561.00 Td (the ) Tj ET Q q 0 0 0 rg BT 264.70 561.00 Td (state ) Tj ET Q q 0 0 0 rg BT 285.87 561.00 Td (and/or ) Tj ET Q q 0 0 0 rg BT 314.27 561.00 Td (provincial ) Tj ET Q q 0 0 0 rg BT 357.67 561.00 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 401.61 561.00 Td (authorities ) Tj ET Q q 0 0 0 rg BT 446.67 561.00 Td (nor ) Tj ET Q q 0 0 0 rg BT 462.86 561.00 Td (any ) Tj ET Q q 0 0 0 rg BT 480.15 561.00 Td (other ) Tj ET Q q 0 0 0 rg BT 503.54 561.00 Td (third ) Tj ET Q q 0 0 0 rg BT 525.28 561.00 Td (party ) Tj ET Q q 0 0 0 rg BT 548.68 561.00 Td (has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 549.00 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 549.00 Td (right ) Tj ET Q q 0 0 0 rg BT 86.10 549.00 Td (to ) Tj ET Q q 0 0 0 rg BT 96.38 549.00 Td (re-pledge ) Tj ET Q q 0 0 0 rg BT 136.64 549.00 Td (or ) Tj ET Q q 0 0 0 rg BT 147.47 549.00 Td (sell ) Tj ET Q q 0 0 0 rg BT 163.85 549.00 Td (said ) Tj ET Q q 0 0 0 rg BT 182.46 549.00 Td (securities ) Tj ET Q q 0 0 0 rg BT 222.72 549.00 Td (held ) Tj ET Q q 0 0 0 rg BT 242.44 549.00 Td (on ) Tj ET Q q 0 0 0 rg BT 254.94 549.00 Td (deposit.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 528.25 Td (5. INVESTMENT) Tj ET Q q 0 0 0 rg BT 145.06 528.25 Td ( IN INVESTEES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 96.98 511.25 Td (in ) Tj ET Q q 0 0 0 rg BT 107.29 511.25 Td (investees ) Tj ET Q q 0 0 0 rg BT 146.49 511.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 189.01 511.25 Td (Atlas' ) Tj ET Q q 0 0 0 rg BT 214.46 511.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 260.88 511.25 Td (in ) Tj ET Q q 0 0 0 rg BT 271.20 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 285.96 511.25 Td (member's ) Tj ET Q q 0 0 0 rg BT 326.96 511.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 356.15 511.25 Td (of ) Tj ET Q q 0 0 0 rg BT 367.02 511.25 Td (Oak ) Tj ET Q q 0 0 0 rg BT 386.23 511.25 Td (Street ) Tj ET Q q 0 0 0 rg BT 412.09 511.25 Td (Real ) Tj ET Q q 0 0 0 rg BT 432.96 511.25 Td (Estate ) Tj ET Q q 0 0 0 rg BT 459.93 511.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 490.80 511.25 Td (A) Tj ET Q q 0 0 0 rg BT 496.91 511.25 Td (TCO ) Tj ET Q q 0 0 0 rg BT 519.45 511.25 Td (SMA) Tj ET Q q 0 0 0 rg BT 540.57 511.25 Td ( ) Tj ET Q q 0 0 0 rg BT 543.12 511.25 Td (LLC ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 499.25 Td (\("Oak ) Tj ET Q q 0 0 0 rg BT 75.56 499.25 Td (Street"\). ) Tj ET Q q 0 0 0 rg BT 109.95 499.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 132.54 499.25 Td (holds ) Tj ET Q q 0 0 0 rg BT 155.70 499.25 Td (a ) Tj ET Q q 0 0 0 rg BT 161.62 499.25 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 225.32 499.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 256.23 499.25 Td (in ) Tj ET Q q 0 0 0 rg BT 265.50 499.25 Td (Oak ) Tj ET Q q 0 0 0 rg BT 283.64 499.25 Td (Street, ) Tj ET Q q 0 0 0 rg BT 310.95 499.25 Td (a ) Tj ET Q q 0 0 0 rg BT 316.87 499.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 346.69 499.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 379.28 499.25 Td (company ) Tj ET Q q 0 0 0 rg BT 417.42 499.25 Td (that ) Tj ET Q q 0 0 0 rg BT 433.90 499.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 456.50 499.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.42 499.25 Td (manages ) Tj ET Q q 0 0 0 rg BT 508.89 499.25 Td (a ) Tj ET Q q 0 0 0 rg BT 514.81 499.25 Td (commercial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 487.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 76.12 487.25 Td (building ) Tj ET Q q 0 0 0 rg BT 112.44 487.25 Td (in ) Tj ET Q q 0 0 0 rg BT 122.98 487.25 Td (W) Tj ET Q q 0 0 0 rg BT 132.02 487.25 Td (isconsin. ) Tj ET Q q 0 0 0 rg BT 170.07 487.25 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 214.31 487.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 238.40 487.25 Td (has ) Tj ET Q q 0 0 0 rg BT 254.71 487.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 298.23 487.25 Td (for ) Tj ET Q q 0 0 0 rg BT 312.87 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.07 487.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 374.94 487.25 Td (under ) Tj ET Q q 0 0 0 rg BT 400.69 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.89 487.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 443.87 487.25 Td (method. ) Tj ET Q q 0 0 0 rg BT 479.13 487.25 Td (The ) Tj ET Q q 0 0 0 rg BT 497.66 487.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 533.96 487.25 Td (values, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 475.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.82 475.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 107.20 475.25 Td (values ) Tj ET Q q 0 0 0 rg BT 135.24 475.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.18 475.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 193.55 475.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 225.49 475.25 Td (at) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.21 475.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 295.47 475.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.47 475.25 Td ( ) Tj ET Q q 0 0 0 rg BT 317.97 475.25 Td (are ) Tj ET Q q 0 0 0 rg BT 332.68 475.25 Td (below) Tj ET Q q 0 0 0 rg BT 356.46 475.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 451.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.43 451.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 107.64 451.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 123.41 451.25 Td (value ) Tj ET Q q 0 0 0 rg BT 146.95 451.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.17 451.25 Td (our ) Tj ET Q q 0 0 0 rg BT 172.38 451.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 218.15 451.25 Td (in ) Tj ET Q q 0 0 0 rg BT 227.82 451.25 Td (Oak ) Tj ET Q q 0 0 0 rg BT 246.36 451.25 Td (Street ) Tj ET Q q 0 0 0 rg BT 271.58 451.25 Td (approximates ) Tj ET Q q 0 0 0 rg BT 327.34 451.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 362.54 451.25 Td (value ) Tj ET Q q 0 0 0 rg BT 386.08 451.25 Td (due ) Tj ET Q q 0 0 0 rg BT 402.41 451.25 Td (to ) Tj ET Q q 0 0 0 rg BT 412.07 451.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.18 451.25 Td (investees ) Tj ET Q q 0 0 0 rg BT 464.72 451.25 Td (not ) Tj ET Q q 0 0 0 rg BT 479.38 451.25 Td (being ) Tj ET Q q 0 0 0 rg BT 503.49 451.25 Td (actively ) Tj ET Q q 0 0 0 rg BT 537.03 451.25 Td (traded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 439.25 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 59.72 439.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 119.98 439.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.98 439.25 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 401.75 167.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 401.75 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.50 401.75 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 401.75 120.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 401.75 m 216.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 401.75 m 316.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316.5 401.75 m 441.5 401.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 401.75 m 561.5 401.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 406.43 Td (Investment in:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 227.05 406.43 Td (Economic Inter) Tj ET Q q 0 0 0 rg BT 293.25 406.43 Td (est) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 324.70 406.43 Td (Carrying ) Tj ET Q q 0 0 0 rg BT 366.46 406.43 Td (V) Tj ET Q q 0 0 0 rg BT 372.76 406.43 Td (alue \(in '000s\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 449.65 406.43 Td (Est Fair) Tj ET Q q 0 0 0 rg BT 484.19 406.43 Td ( ) Tj ET Q q 0 0 0 rg BT 486.51 406.43 Td (V) Tj ET Q q 0 0 0 rg BT 492.81 406.43 Td (alue \(in '000s\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 391.42 Td (Oak Street) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.15 391.42 Td (6.39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.65 391.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.00 391.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.15 391.42 Td (1,250) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.00 391.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 391.42 Td (1,250) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 363.25 Td (Atlas received distributions from Oak Street of $) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.23 363.25 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.23 363.25 Td (,000 during the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.55 363.25 Td (three month period ended September 30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.78 363.25 Td (. ) Tj ET Q q 0 0 0 rg BT 508.23 363.25 Td (As well, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 351.25 Td (Atlas' equity in the net income of Oak Street was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.42 351.25 Td ($18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.42 351.25 Td (,000 during the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.74 351.25 Td (three month period ended September 30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.97 351.25 Td (, which is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 339.25 Td (reflected as investment income for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 205.49 339.25 Td (three and nine month periods ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.51 339.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.01 339.25 Td (September30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.27 339.25 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 323.25 Td (6. FINANCIAL) Tj ET Q q 0 0 0 rg BT 134.12 323.25 Td ( ) Tj ET Q q 0 0 0 rg BT 136.07 323.25 Td (AND CREDIT) Tj ET Q q 0 0 0 rg BT 198.95 323.25 Td ( RISK MANAGEMENT) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 306.25 Td (By ) Tj ET Q q 0 0 0 rg BT 64.66 306.25 Td (virtue ) Tj ET Q q 0 0 0 rg BT 90.98 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.30 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.51 306.25 Td (nature ) Tj ET Q q 0 0 0 rg BT 145.49 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 156.16 306.25 Td (Atlas) Tj ET Q q 0 0 0 rg BT 179.85 306.25 Td ( ) Tj ET Q q 0 0 0 rg BT 182.85 306.25 Td (business ) Tj ET Q q 0 0 0 rg BT 219.73 306.25 Td (activities, ) Tj ET Q q 0 0 0 rg BT 261.32 306.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 299.30 306.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 348.95 306.25 Td (make ) Tj ET Q q 0 0 0 rg BT 373.60 306.25 Td (up ) Tj ET Q q 0 0 0 rg BT 386.60 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.81 306.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 438.68 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 450.00 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 465.21 306.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 498.74 306.25 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 524.56 306.25 Td (The ) Tj ET Q q 0 0 0 rg BT 543.10 306.25 Td (risks ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 294.25 Td (which ) Tj ET Q q 0 0 0 rg BT 77.18 294.25 Td (arise ) Tj ET Q q 0 0 0 rg BT 98.79 294.25 Td (from ) Tj ET Q q 0 0 0 rg BT 120.96 294.25 Td (transacting ) Tj ET Q q 0 0 0 rg BT 167.57 294.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 205.29 294.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 254.69 294.25 Td (include ) Tj ET Q q 0 0 0 rg BT 286.86 294.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 312.36 294.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 332.60 294.25 Td (market ) Tj ET Q q 0 0 0 rg BT 363.10 294.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 383.34 294.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 419.97 294.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 437.70 294.25 Td (and ) Tj ET Q q 0 0 0 rg BT 454.88 294.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 475.38 294.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 496.45 294.25 Td (risk. ) Tj ET Q q 0 0 0 rg BT 516.49 294.25 Td (These ) Tj ET Q q 0 0 0 rg BT 543.10 294.25 Td (risks ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 282.25 Td (may ) Tj ET Q q 0 0 0 rg BT 69.85 282.25 Td (be ) Tj ET Q q 0 0 0 rg BT 81.92 282.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 111.76 282.25 Td (by ) Tj ET Q q 0 0 0 rg BT 124.40 282.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 154.24 282.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 187.96 282.25 Td (to ) Tj ET Q q 0 0 0 rg BT 198.37 282.25 Td (an ) Tj ET Q q 0 0 0 rg BT 210.45 282.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 253.63 282.25 Td (instrument ) Tj ET Q q 0 0 0 rg BT 299.04 282.25 Td (or ) Tj ET Q q 0 0 0 rg BT 310.00 282.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 339.84 282.25 Td (af) Tj ET Q q 0 0 0 rg BT 347.43 282.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 377.83 282.25 Td (all ) Tj ET Q q 0 0 0 rg BT 390.46 282.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 439.75 282.25 Td (traded ) Tj ET Q q 0 0 0 rg BT 467.37 282.25 Td (in ) Tj ET Q q 0 0 0 rg BT 477.78 282.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.63 282.25 Td (market. ) Tj ET Q q 0 0 0 rg BT 524.95 282.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 548.69 282.25 Td (has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 270.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.89 270.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 74.34 270.25 Td (management ) Tj ET Q q 0 0 0 rg BT 127.89 270.25 Td (framework ) Tj ET Q q 0 0 0 rg BT 174.21 270.25 Td (in ) Tj ET Q q 0 0 0 rg BT 184.44 270.25 Td (place ) Tj ET Q q 0 0 0 rg BT 207.98 270.25 Td (to ) Tj ET Q q 0 0 0 rg BT 218.21 270.25 Td (monitor) Tj ET Q q 0 0 0 rg BT 249.48 270.25 Td (, ) Tj ET Q q 0 0 0 rg BT 254.43 270.25 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 290.19 270.25 Td (and ) Tj ET Q q 0 0 0 rg BT 307.08 270.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 340.63 270.25 Td (the ) Tj ET Q q 0 0 0 rg BT 355.30 270.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 376.65 270.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 413.54 270.25 Td (in ) Tj ET Q q 0 0 0 rg BT 423.77 270.25 Td (conducting ) Tj ET Q q 0 0 0 rg BT 470.65 270.25 Td (its ) Tj ET Q q 0 0 0 rg BT 482.55 270.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 520.86 270.25 Td (Atlas) Tj ET Q q 0 0 0 rg BT 544.55 270.25 Td ( ) Tj ET Q q 0 0 0 rg BT 547.01 270.25 Td (risk ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 258.25 Td (management ) Tj ET Q q 0 0 0 rg BT 103.59 258.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 137.19 258.25 Td (and ) Tj ET Q q 0 0 0 rg BT 154.13 258.25 Td (practices ) Tj ET Q q 0 0 0 rg BT 192.16 258.25 Td (are ) Tj ET Q q 0 0 0 rg BT 206.87 258.25 Td (as ) Tj ET Q q 0 0 0 rg BT 217.70 258.25 Td (follows:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 241.25 Td (Cr) Tj ET Q q 0 0 0 rg BT 61.48 241.25 Td (edit ) Tj ET Q q 0 0 0 rg BT 81.94 241.25 Td (risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.61 241.25 Td ( ) Tj ET Q q 0 0 0 rg BT 102.96 241.25 Td (- ) Tj ET Q q 0 0 0 rg BT 109.68 241.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 135.13 241.25 Td (is ) Tj ET Q q 0 0 0 rg BT 146.15 241.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 183.27 241.25 Td (to ) Tj ET Q q 0 0 0 rg BT 195.40 241.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 222.51 241.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 241.86 241.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 289.53 241.25 Td (through ) Tj ET Q q 0 0 0 rg BT 324.99 241.25 Td (its ) Tj ET Q q 0 0 0 rg BT 338.78 241.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 363.68 241.25 Td (income ) Tj ET Q q 0 0 0 rg BT 397.46 241.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 439.57 241.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.36 241.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 497.14 241.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 542.56 241.25 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 229.25 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 106.13 229.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.27 229.25 Td (reinsurers. ) Tj ET Q q 0 0 0 rg BT 165.52 229.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 188.33 229.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 222.25 229.25 Td (and ) Tj ET Q q 0 0 0 rg BT 238.38 229.25 Td (monitors ) Tj ET Q q 0 0 0 rg BT 275.64 229.25 Td (concentration ) Tj ET Q q 0 0 0 rg BT 331.76 229.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.90 229.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 372.36 229.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 401.83 229.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 418.53 229.25 Td (through ) Tj ET Q q 0 0 0 rg BT 451.34 229.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 484.14 229.25 Td (to ) Tj ET Q q 0 0 0 rg BT 493.62 229.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 514.21 229.25 Td (and ) Tj ET Q q 0 0 0 rg BT 530.35 229.25 Td (monitor ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 217.25 Td (its ) Tj ET Q q 0 0 0 rg BT 62.34 217.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 101.32 217.25 Td (to ) Tj ET Q q 0 0 0 rg BT 111.99 217.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 155.43 217.25 Td (issuers ) Tj ET Q q 0 0 0 rg BT 185.54 217.25 Td (or ) Tj ET Q q 0 0 0 rg BT 196.76 217.25 Td (related ) Tj ET Q q 0 0 0 rg BT 226.85 217.25 Td (groups ) Tj ET Q q 0 0 0 rg BT 256.96 217.25 Td (\(with ) Tj ET Q q 0 0 0 rg BT 280.95 217.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.06 217.25 Td (exception ) Tj ET Q q 0 0 0 rg BT 337.82 217.25 Td (of ) Tj ET Q q 0 0 0 rg BT 349.04 217.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 369.71 217.25 Td (Government ) Tj ET Q q 0 0 0 rg BT 422.58 217.25 Td (bonds\) ) Tj ET Q q 0 0 0 rg BT 452.69 217.25 Td (as ) Tj ET Q q 0 0 0 rg BT 463.91 217.25 Td (well ) Tj ET Q q 0 0 0 rg BT 484.02 217.25 Td (as ) Tj ET Q q 0 0 0 rg BT 495.23 217.25 Td (through ) Tj ET Q q 0 0 0 rg BT 529.23 217.25 Td (ongoing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 205.25 Td (review ) Tj ET Q q 0 0 0 rg BT 79.70 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 90.52 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.23 205.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 130.48 205.25 Td (ratings ) Tj ET Q q 0 0 0 rg BT 160.19 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.01 205.25 Td (issuers ) Tj ET Q q 0 0 0 rg BT 200.73 205.25 Td (held ) Tj ET Q q 0 0 0 rg BT 220.44 205.25 Td (in ) Tj ET Q q 0 0 0 rg BT 230.71 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.42 205.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 285.67 205.25 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 325.11 205.25 Td (Atlas) Tj ET Q q 0 0 0 rg BT 348.80 205.25 Td ( ) Tj ET Q q 0 0 0 rg BT 351.29 205.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 376.55 205.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 415.14 205.25 Td (to ) Tj ET Q q 0 0 0 rg BT 425.41 205.25 Td (any ) Tj ET Q q 0 0 0 rg BT 442.34 205.25 Td (one ) Tj ET Q q 0 0 0 rg BT 459.27 205.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 502.31 205.25 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 555.35 205.25 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 193.25 Td (not ) Tj ET Q q 0 0 0 rg BT 65.94 193.25 Td (material. ) Tj ET Q q 0 0 0 rg BT 103.65 193.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 127.92 193.25 Td (has ) Tj ET Q q 0 0 0 rg BT 144.41 193.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 178.67 193.25 Td (requiring ) Tj ET Q q 0 0 0 rg BT 218.48 193.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 263.29 193.25 Td (of ) Tj ET Q q 0 0 0 rg BT 274.77 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.15 193.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 328.28 193.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 369.21 193.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.70 193.25 Td (its ) Tj ET Q q 0 0 0 rg BT 393.30 193.25 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 435.89 193.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.49 193.25 Td (monitors ) Tj ET Q q 0 0 0 rg BT 492.20 193.25 Td (concentrations ) Tj ET Q q 0 0 0 rg BT 553.67 193.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 181.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 74.49 181.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 91.22 181.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 120.17 181.25 Td (from ) Tj ET Q q 0 0 0 rg BT 141.33 181.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 170.83 181.25 Td (geographic ) Tj ET Q q 0 0 0 rg BT 216.99 181.25 Td (regions, ) Tj ET Q q 0 0 0 rg BT 250.65 181.25 Td (activities, ) Tj ET Q q 0 0 0 rg BT 290.98 181.25 Td (or ) Tj ET Q q 0 0 0 rg BT 301.04 181.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 341.64 181.25 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 400.56 181.25 Td (of ) Tj ET Q q 0 0 0 rg BT 410.62 181.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.56 181.25 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 465.72 181.25 Td (to ) Tj ET Q q 0 0 0 rg BT 475.22 181.25 Td (minimize ) Tj ET Q q 0 0 0 rg BT 514.72 181.25 Td (its ) Tj ET Q q 0 0 0 rg BT 525.90 181.25 Td (exposure ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 169.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 169.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 104.99 169.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 131.38 169.25 Td (from ) Tj ET Q q 0 0 0 rg BT 153.32 169.25 Td (reinsurer ) Tj ET Q q 0 0 0 rg BT 191.36 169.25 Td (insolvency) Tj ET Q q 0 0 0 rg BT 234.03 169.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 152.25 Td (Atlas' ) Tj ET Q q 0 0 0 rg BT 75.23 152.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 118.07 152.25 Td (for ) Tj ET Q q 0 0 0 rg BT 132.05 152.25 Td (bad ) Tj ET Q q 0 0 0 rg BT 148.80 152.25 Td (debt ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.34 152.25 Td (as ) Tj ET Q q 0 0 0 rg BT 178.98 152.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.63 152.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.16 152.25 Td (year ) Tj ET Q q 0 0 0 rg BT 223.69 152.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 249.88 152.25 Td (December ) Tj ET Q q 0 0 0 rg BT 293.28 152.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 308.09 152.25 Td (201) Tj ET Q q 0 0 0 rg BT 322.72 152.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.72 152.25 Td ( ) Tj ET Q q 0 0 0 rg BT 330.04 152.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 369.57 152.25 Td (related ) Tj ET Q q 0 0 0 rg BT 399.08 152.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.18 152.25 Td (a ) Tj ET Q q 0 0 0 rg BT 415.93 152.25 Td (single ) Tj ET Q q 0 0 0 rg BT 442.14 152.25 Td (agent. ) Tj ET Q q 0 0 0 rg BT 468.61 152.25 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 513.69 152.25 Td (proceedings ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 140.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.40 140.25 Td (this ) Tj ET Q q 0 0 0 rg BT 87.46 140.25 Td (agent ) Tj ET Q q 0 0 0 rg BT 111.73 140.25 Td (were ) Tj ET Q q 0 0 0 rg BT 133.78 140.25 Td (executed ) Tj ET Q q 0 0 0 rg BT 171.93 140.25 Td (in ) Tj ET Q q 0 0 0 rg BT 181.75 140.25 Td (April ) Tj ET Q q 0 0 0 rg BT 205.47 140.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 230.59 140.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.65 140.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 281.92 140.25 Td (in ) Tj ET Q q 0 0 0 rg BT 292.31 140.25 Td (a ) Tj ET Q q 0 0 0 rg BT 299.37 140.25 Td (minor ) Tj ET Q q 0 0 0 rg BT 325.87 140.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 363.47 140.25 Td (of ) Tj ET Q q 0 0 0 rg BT 374.41 140.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 419.25 140.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 440.75 140.25 Td (reserved ) Tj ET Q q 0 0 0 rg BT 477.23 140.25 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 516.24 140.25 Td (In ) Tj ET Q q 0 0 0 rg BT 527.19 140.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.02 140.25 Td (three ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 128.25 Td (month ) Tj ET Q q 0 0 0 rg BT 78.92 128.25 Td (period ) Tj ET Q q 0 0 0 rg BT 107.83 128.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 135.07 128.25 Td (September ) Tj ET Q q 0 0 0 rg BT 181.19 128.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 197.05 128.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.05 128.25 Td ( ) Tj ET Q q 0 0 0 rg BT 220.42 128.25 Td (there ) Tj ET Q q 0 0 0 rg BT 243.76 128.25 Td (was ) Tj ET Q q 0 0 0 rg BT 262.68 128.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 306.03 128.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 347.14 128.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 380.50 128.25 Td (related ) Tj ET Q q 0 0 0 rg BT 411.06 128.25 Td (to ) Tj ET Q q 0 0 0 rg BT 422.20 128.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.78 128.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 481.67 128.25 Td (for ) Tj ET Q q 0 0 0 rg BT 496.69 128.25 Td (bad ) Tj ET Q q 0 0 0 rg BT 514.49 128.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 537.57 128.25 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 116.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 84.46 116.25 Td (in ) Tj ET Q q 0 0 0 rg BT 95.03 116.25 Td (income ) Tj ET Q q 0 0 0 rg BT 127.27 116.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.40 116.25 Td ($159) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.40 116.25 Td (,000 ) Tj ET Q q 0 0 0 rg BT 178.70 116.25 Td (for ) Tj ET Q q 0 0 0 rg BT 193.16 116.25 Td (the ) Tj ET Q q 0 0 0 rg BT 208.18 116.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 239.29 116.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.53 116.25 Td ($105) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.53 116.25 Td (,000 ) Tj ET Q q 0 0 0 rg BT 296.83 116.25 Td (for ) Tj ET Q q 0 0 0 rg BT 311.29 116.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.31 116.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 346.33 116.25 Td (month ) Tj ET Q q 0 0 0 rg BT 374.68 116.25 Td (period ) Tj ET Q q 0 0 0 rg BT 403.03 116.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 429.71 116.25 Td (September ) Tj ET Q q 0 0 0 rg BT 475.27 116.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 490.57 116.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.57 116.25 Td (. ) Tj ET Q q 0 0 0 rg BT 515.87 116.25 Td (In ) Tj ET Q q 0 0 0 rg BT 527.00 116.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.02 116.25 Td (three ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 104.25 Td (month ) Tj ET Q q 0 0 0 rg BT 78.03 104.25 Td (period ) Tj ET Q q 0 0 0 rg BT 106.04 104.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 132.39 104.25 Td (September ) Tj ET Q q 0 0 0 rg BT 177.62 104.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 192.59 104.25 Td (201) Tj ET Q q 0 0 0 rg BT 207.22 104.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.22 104.25 Td (, ) Tj ET Q q 0 0 0 rg BT 216.65 104.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 240.22 104.25 Td (recognized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.56 104.25 Td ($33) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.56 104.25 Td (,000 ) Tj ET Q q 0 0 0 rg BT 321.53 104.25 Td (in ) Tj ET Q q 0 0 0 rg BT 331.77 104.25 Td (bad ) Tj ET Q q 0 0 0 rg BT 348.68 104.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 368.37 104.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 403.05 104.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.95 104.25 Td ($147) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.95 104.25 Td (,000 ) Tj ET Q q 0 0 0 rg BT 459.92 104.25 Td (for ) Tj ET Q q 0 0 0 rg BT 474.05 104.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.74 104.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 508.43 104.25 Td (month ) Tj ET Q q 0 0 0 rg BT 536.45 104.25 Td (period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 92.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 76.38 92.25 Td (September ) Tj ET Q q 0 0 0 rg BT 121.64 92.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 136.64 92.25 Td (201) Tj ET Q q 0 0 0 rg BT 151.27 92.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.27 92.25 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 75.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 82.31 75.25 Td (price ) Tj ET Q q 0 0 0 rg BT 107.37 75.25 Td (risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.04 75.25 Td ( ) Tj ET Q q 0 0 0 rg BT 127.45 75.25 Td (- ) Tj ET Q q 0 0 0 rg BT 133.94 75.25 Td (This ) Tj ET Q q 0 0 0 rg BT 155.12 75.25 Td (is ) Tj ET Q q 0 0 0 rg BT 165.20 75.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.83 75.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 199.23 75.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.97 75.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 229.94 75.25 Td (due ) Tj ET Q q 0 0 0 rg BT 247.78 75.25 Td (to ) Tj ET Q q 0 0 0 rg BT 258.97 75.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 292.91 75.25 Td (movements ) Tj ET Q q 0 0 0 rg BT 342.43 75.25 Td (in ) Tj ET Q q 0 0 0 rg BT 353.61 75.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 382.01 75.25 Td (prices. ) Tj ET Q q 0 0 0 rg BT 411.05 75.25 Td (Atlas' ) Tj ET Q q 0 0 0 rg BT 437.36 75.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 484.65 75.25 Td (in ) Tj ET Q q 0 0 0 rg BT 495.84 75.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 524.24 75.25 Td (securities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 63.25 Td (comprises ) Tj ET Q q 0 0 0 rg BT 93.05 63.25 Td (a ) Tj ET Q q 0 0 0 rg BT 99.99 63.25 Td (small ) Tj ET Q q 0 0 0 rg BT 124.15 63.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 169.95 63.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.78 63.25 Td (its ) Tj ET Q q 0 0 0 rg BT 192.73 63.25 Td (total ) Tj ET Q q 0 0 0 rg BT 213.00 63.25 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 253.00 63.25 Td (and ) Tj ET Q q 0 0 0 rg BT 269.94 63.25 Td (as ) Tj ET Q q 0 0 0 rg BT 280.77 63.25 Td (a ) Tj ET Q q 0 0 0 rg BT 287.71 63.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 314.92 63.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.64 63.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 368.24 63.25 Td (to ) Tj ET Q q 0 0 0 rg BT 378.52 63.25 Td (this ) Tj ET Q q 0 0 0 rg BT 395.46 63.25 Td (type ) Tj ET Q q 0 0 0 rg BT 415.18 63.25 Td (of ) Tj ET Q q 0 0 0 rg BT 426.01 63.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 443.51 63.25 Td (is ) Tj ET Q q 0 0 0 rg BT 452.68 63.25 Td (minimal.) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 23 0 obj <>] /Rotate 0 /Contents 24 0 R>> endobj 24 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.15 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 31.60 Td (1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (For) Tj ET Q q 0 0 0 rg BT 65.37 742.25 Td (eign ) Tj ET Q q 0 0 0 rg BT 85.86 742.25 Td (curr) Tj ET Q q 0 0 0 rg BT 104.55 742.25 Td (ency ) Tj ET Q q 0 0 0 rg BT 126.70 742.25 Td (risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.37 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 146.08 742.25 Td (- ) Tj ET Q q 0 0 0 rg BT 151.53 742.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 175.35 742.25 Td (is ) Tj ET Q q 0 0 0 rg BT 184.73 742.25 Td (not ) Tj ET Q q 0 0 0 rg BT 200.22 742.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 239.02 742.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 274.50 742.25 Td (to ) Tj ET Q q 0 0 0 rg BT 284.99 742.25 Td (material ) Tj ET Q q 0 0 0 rg BT 320.46 742.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 355.38 742.25 Td (in ) Tj ET Q q 0 0 0 rg BT 365.87 742.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.80 742.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 401.29 742.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 427.33 742.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 465.02 742.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 505.48 742.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 527.07 742.25 Td (with ) Tj ET Q q 0 0 0 rg BT 547.56 742.25 Td (any ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (other ) Tj ET Q q 0 0 0 rg BT 73.05 730.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 104.42 730.25 Td (currency) Tj ET Q q 0 0 0 rg BT 138.75 730.25 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 92.08 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 110.26 713.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 131.21 713.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 151.59 713.25 Td (risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.26 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 170.32 713.25 Td (- ) Tj ET Q q 0 0 0 rg BT 175.71 713.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 214.99 713.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 232.04 713.25 Td (is ) Tj ET Q q 0 0 0 rg BT 240.77 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.04 713.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 272.10 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.49 713.25 Td (having ) Tj ET Q q 0 0 0 rg BT 311.76 713.25 Td (insuf) Tj ET Q q 0 0 0 rg BT 331.58 713.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 359.18 713.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 379.01 713.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 418.82 713.25 Td (to ) Tj ET Q q 0 0 0 rg BT 428.66 713.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 450.15 713.25 Td (current ) Tj ET Q q 0 0 0 rg BT 480.52 713.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 517.56 713.25 Td (obligations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (without ) Tj ET Q q 0 0 0 rg BT 82.85 701.25 Td (raising ) Tj ET Q q 0 0 0 rg BT 112.35 701.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 136.87 701.25 Td (at ) Tj ET Q q 0 0 0 rg BT 146.37 701.25 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 196.42 701.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 217.58 701.25 Td (or ) Tj ET Q q 0 0 0 rg BT 228.20 701.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 257.16 701.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 282.78 701.25 Td (on ) Tj ET Q q 0 0 0 rg BT 295.07 701.25 Td (a ) Tj ET Q q 0 0 0 rg BT 301.80 701.25 Td (forced ) Tj ET Q q 0 0 0 rg BT 329.62 701.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 354.41 701.25 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 393.93 701.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 411.22 701.25 Td (arises ) Tj ET Q q 0 0 0 rg BT 436.27 701.25 Td (from ) Tj ET Q q 0 0 0 rg BT 458.00 701.25 Td (general ) Tj ET Q q 0 0 0 rg BT 489.72 701.25 Td (business ) Tj ET Q q 0 0 0 rg BT 525.90 701.25 Td (activities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.23 689.25 Td (in ) Tj ET Q q 0 0 0 rg BT 77.81 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 92.82 689.25 Td (course ) Tj ET Q q 0 0 0 rg BT 121.71 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.84 689.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 175.07 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.08 689.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 216.21 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 233.44 689.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 273.45 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 283.96 689.25 Td (Atlas. ) Tj ET Q q 0 0 0 rg BT 310.16 689.25 Td (There ) Tj ET Q q 0 0 0 rg BT 336.27 689.25 Td (is ) Tj ET Q q 0 0 0 rg BT 345.74 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 360.75 689.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 378.55 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 389.67 689.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 408.03 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 418.60 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.61 689.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 460.84 689.25 Td (that ) Tj ET Q q 0 0 0 rg BT 478.63 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.65 689.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 511.99 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 523.11 689.25 Td (a ) Tj ET Q q 0 0 0 rg BT 530.35 689.25 Td (security ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 677.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 71.54 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 81.41 677.25 Td (its ) Tj ET Q q 0 0 0 rg BT 92.96 677.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 128.94 677.25 Td (is ) Tj ET Q q 0 0 0 rg BT 137.70 677.25 Td (required ) Tj ET Q q 0 0 0 rg BT 173.12 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 182.99 677.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 215.63 677.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 251.62 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 261.50 677.25 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 289.70 677.25 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 342.34 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.88 677.25 Td (other ) Tj ET Q q 0 0 0 rg BT 381.52 677.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 401.39 677.25 Td (outflows. ) Tj ET Q q 0 0 0 rg BT 440.99 677.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 463.08 677.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 483.51 677.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 500.61 677.25 Td (arises ) Tj ET Q q 0 0 0 rg BT 525.47 677.25 Td (from ) Tj ET Q q 0 0 0 rg BT 547.01 677.25 Td (risk ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 665.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.80 665.25 Td (future ) Tj ET Q q 0 0 0 rg BT 94.48 665.25 Td (inflation ) Tj ET Q q 0 0 0 rg BT 131.16 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 142.29 665.25 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 195.63 665.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 216.21 665.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 237.34 665.25 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 271.78 665.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 302.35 665.25 Td (on ) Tj ET Q q 0 0 0 rg BT 315.16 665.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 357.39 665.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 404.08 665.25 Td (securities. ) Tj ET Q q 0 0 0 rg BT 446.94 665.25 Td (The ) Tj ET Q q 0 0 0 rg BT 465.29 665.25 Td (purpose ) Tj ET Q q 0 0 0 rg BT 499.75 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 510.88 665.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 547.57 665.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 653.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.96 653.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 90.48 653.25 Td (management ) Tj ET Q q 0 0 0 rg BT 143.75 653.25 Td (is ) Tj ET Q q 0 0 0 rg BT 152.61 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 162.58 653.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 190.87 653.25 Td (that ) Tj ET Q q 0 0 0 rg BT 208.05 653.25 Td (there ) Tj ET Q q 0 0 0 rg BT 230.23 653.25 Td (is ) Tj ET Q q 0 0 0 rg BT 239.09 653.25 Td (suf) Tj ET Q q 0 0 0 rg BT 251.13 653.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 278.86 653.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 298.81 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 308.78 653.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 330.40 653.25 Td (all ) Tj ET Q q 0 0 0 rg BT 342.59 653.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 379.76 653.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 436.39 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.01 653.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 499.65 653.25 Td (as ) Tj ET Q q 0 0 0 rg BT 510.16 653.25 Td (they ) Tj ET Q q 0 0 0 rg BT 529.57 653.25 Td (fall ) Tj ET Q q 0 0 0 rg BT 545.08 653.25 Td (due. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 641.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.35 641.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 105.04 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.29 641.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 142.86 641.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 163.99 641.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 218.99 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 229.51 641.25 Td (Atlas) Tj ET Q q 0 0 0 rg BT 253.20 641.25 Td ( ) Tj ET Q q 0 0 0 rg BT 256.01 641.25 Td (business ) Tj ET Q q 0 0 0 rg BT 292.70 641.25 Td (have ) Tj ET Q q 0 0 0 rg BT 314.38 641.25 Td (been ) Tj ET Q q 0 0 0 rg BT 336.06 641.25 Td (met ) Tj ET Q q 0 0 0 rg BT 353.86 641.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 393.87 641.25 Td (by ) Tj ET Q q 0 0 0 rg BT 406.68 641.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 431.70 641.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 473.37 641.25 Td (from ) Tj ET Q q 0 0 0 rg BT 495.61 641.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 542.56 641.25 Td (asset ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 629.25 Td (maturities ) Tj ET Q q 0 0 0 rg BT 92.17 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 108.78 629.25 Td (income ) Tj ET Q q 0 0 0 rg BT 140.39 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 157.00 629.25 Td (other ) Tj ET Q q 0 0 0 rg BT 179.72 629.25 Td (returns ) Tj ET Q q 0 0 0 rg BT 209.67 629.25 Td (received ) Tj ET Q q 0 0 0 rg BT 245.71 629.25 Td (on ) Tj ET Q q 0 0 0 rg BT 257.88 629.25 Td (securities. ) Tj ET Q q 0 0 0 rg BT 300.32 629.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 322.50 629.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 360.22 629.25 Td (from ) Tj ET Q q 0 0 0 rg BT 381.83 629.25 Td (these ) Tj ET Q q 0 0 0 rg BT 404.55 629.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 436.72 629.25 Td (is ) Tj ET Q q 0 0 0 rg BT 445.56 629.25 Td (used ) Tj ET Q q 0 0 0 rg BT 466.07 629.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 505.46 629.25 Td (for ) Tj ET Q q 0 0 0 rg BT 519.29 629.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 547.57 629.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 617.25 Td (claim ) Tj ET Q q 0 0 0 rg BT 76.62 617.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 124.91 617.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 161.52 617.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 204.25 617.25 Td (and ) Tj ET Q q 0 0 0 rg BT 223.09 617.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 265.26 617.25 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 307.95 617.25 Td (The ) Tj ET Q q 0 0 0 rg BT 327.90 617.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 358.42 617.25 Td (and ) Tj ET Q q 0 0 0 rg BT 377.26 617.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 411.67 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 424.40 617.25 Td (catastrophe ) Tj ET Q q 0 0 0 rg BT 474.34 617.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 504.85 617.25 Td (are ) Tj ET Q q 0 0 0 rg BT 521.46 617.25 Td (inherently ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 605.25 Td (unpredictable ) Tj ET Q q 0 0 0 rg BT 106.92 605.25 Td (and ) Tj ET Q q 0 0 0 rg BT 123.86 605.25 Td (may ) Tj ET Q q 0 0 0 rg BT 143.57 605.25 Td (create ) Tj ET Q q 0 0 0 rg BT 169.94 605.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 210.19 605.25 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 246.58 605.25 Td (requirements. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 588.25 Td (Fair) Tj ET Q q 0 0 0 rg BT 68.14 588.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.99 588.25 Td (value ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 100.61 588.25 Td (- ) Tj ET Q q 0 0 0 rg BT 108.78 588.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 129.73 588.25 Td (value ) Tj ET Q q 0 0 0 rg BT 156.23 588.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 194.96 588.25 Td (represent ) Tj ET Q q 0 0 0 rg BT 236.45 588.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 278.51 588.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.68 588.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.74 588.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 367.46 588.25 Td (that ) Tj ET Q q 0 0 0 rg BT 387.29 588.25 Td (would ) Tj ET Q q 0 0 0 rg BT 417.14 588.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 458.07 588.25 Td (be ) Tj ET Q q 0 0 0 rg BT 472.36 588.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 503.84 588.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 528.69 588.25 Td (between ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 576.25 Td (knowledgeable, ) Tj ET Q q 0 0 0 rg BT 115.53 576.25 Td (willing ) Tj ET Q q 0 0 0 rg BT 146.37 576.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 175.52 576.25 Td (who ) Tj ET Q q 0 0 0 rg BT 195.24 576.25 Td (are ) Tj ET Q q 0 0 0 rg BT 209.95 576.25 Td (under ) Tj ET Q q 0 0 0 rg BT 235.22 576.25 Td (no ) Tj ET Q q 0 0 0 rg BT 247.72 576.25 Td (compulsion ) Tj ET Q q 0 0 0 rg BT 296.88 576.25 Td (to ) Tj ET Q q 0 0 0 rg BT 307.16 576.25 Td (act.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 67.80 559.25 Td (value ) Tj ET Q q 0 0 0 rg BT 91.15 559.25 Td (is ) Tj ET Q q 0 0 0 rg BT 99.52 559.25 Td (best ) Tj ET Q q 0 0 0 rg BT 117.32 559.25 Td (evidenced ) Tj ET Q q 0 0 0 rg BT 159.55 559.25 Td (by ) Tj ET Q q 0 0 0 rg BT 171.24 559.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 200.15 559.25 Td (bid ) Tj ET Q q 0 0 0 rg BT 214.62 559.25 Td (or ) Tj ET Q q 0 0 0 rg BT 224.65 559.25 Td (ask ) Tj ET Q q 0 0 0 rg BT 239.67 559.25 Td (price, ) Tj ET Q q 0 0 0 rg BT 263.85 559.25 Td (as ) Tj ET Q q 0 0 0 rg BT 273.88 559.25 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 323.60 559.25 Td (in ) Tj ET Q q 0 0 0 rg BT 333.08 559.25 Td (an ) Tj ET Q q 0 0 0 rg BT 344.21 559.25 Td (active ) Tj ET Q q 0 0 0 rg BT 369.78 559.25 Td (market. ) Tj ET Q q 0 0 0 rg BT 401.61 559.25 Td (Where ) Tj ET Q q 0 0 0 rg BT 429.95 559.25 Td (bid ) Tj ET Q q 0 0 0 rg BT 444.42 559.25 Td (or ) Tj ET Q q 0 0 0 rg BT 454.45 559.25 Td (ask ) Tj ET Q q 0 0 0 rg BT 469.47 559.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 495.04 559.25 Td (are ) Tj ET Q q 0 0 0 rg BT 508.94 559.25 Td (not ) Tj ET Q q 0 0 0 rg BT 523.42 559.25 Td (available, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (such ) Tj ET Q q 0 0 0 rg BT 70.80 547.25 Td (as ) Tj ET Q q 0 0 0 rg BT 81.60 547.25 Td (in ) Tj ET Q q 0 0 0 rg BT 91.85 547.25 Td (an ) Tj ET Q q 0 0 0 rg BT 103.76 547.25 Td (illiquid ) Tj ET Q q 0 0 0 rg BT 135.12 547.25 Td (or ) Tj ET Q q 0 0 0 rg BT 145.92 547.25 Td (inactive ) Tj ET Q q 0 0 0 rg BT 180.04 547.25 Td (market, ) Tj ET Q q 0 0 0 rg BT 212.78 547.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.47 547.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 258.82 547.25 Td (price ) Tj ET Q q 0 0 0 rg BT 281.28 547.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.08 547.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.77 547.25 Td (most ) Tj ET Q q 0 0 0 rg BT 328.69 547.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 355.58 547.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 401.92 547.25 Td (of ) Tj ET Q q 0 0 0 rg BT 412.72 547.25 Td (that ) Tj ET Q q 0 0 0 rg BT 430.19 547.25 Td (instrument ) Tj ET Q q 0 0 0 rg BT 475.43 547.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 506.23 547.25 Td (to ) Tj ET Q q 0 0 0 rg BT 516.48 547.25 Td (appropriate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 535.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 100.28 535.25 Td (as ) Tj ET Q q 0 0 0 rg BT 111.12 535.25 Td (required ) Tj ET Q q 0 0 0 rg BT 146.94 535.25 Td (is ) Tj ET Q q 0 0 0 rg BT 156.12 535.25 Td (used. ) Tj ET Q q 0 0 0 rg BT 179.27 535.25 Td (Where ) Tj ET Q q 0 0 0 rg BT 208.43 535.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 238.15 535.25 Td (market ) Tj ET Q q 0 0 0 rg BT 268.42 535.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 294.81 535.25 Td (are ) Tj ET Q q 0 0 0 rg BT 309.52 535.25 Td (not ) Tj ET Q q 0 0 0 rg BT 324.81 535.25 Td (available, ) Tj ET Q q 0 0 0 rg BT 365.90 535.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.63 535.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 410.35 535.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 436.74 535.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.57 535.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 477.85 535.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 515.34 535.25 Td (instruments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 523.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.45 523.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 101.79 523.25 Td (models ) Tj ET Q q 0 0 0 rg BT 133.80 523.25 Td (with ) Tj ET Q q 0 0 0 rg BT 154.70 523.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 201.14 523.25 Td (market ) Tj ET Q q 0 0 0 rg BT 232.02 523.25 Td (based ) Tj ET Q q 0 0 0 rg BT 257.91 523.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 285.48 523.25 Td (are ) Tj ET Q q 0 0 0 rg BT 300.81 523.25 Td (used ) Tj ET Q q 0 0 0 rg BT 322.27 523.25 Td (to ) Tj ET Q q 0 0 0 rg BT 333.17 523.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 369.61 523.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.95 523.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 401.95 523.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 429.00 523.25 Td (These ) Tj ET Q q 0 0 0 rg BT 456.00 523.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 496.33 523.25 Td (models ) Tj ET Q q 0 0 0 rg BT 528.34 523.25 Td (may ) Tj ET Q q 0 0 0 rg BT 548.68 523.25 Td (use ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 85.49 511.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 130.97 511.25 Td (market ) Tj ET Q q 0 0 0 rg BT 160.90 511.25 Td (inputs, ) Tj ET Q q 0 0 0 rg BT 190.01 511.25 Td (including ) Tj ET Q q 0 0 0 rg BT 229.95 511.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 275.42 511.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 307.02 511.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 330.56 511.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 361.60 511.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 401.52 511.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 425.06 511.25 Td (index ) Tj ET Q q 0 0 0 rg BT 449.44 511.25 Td (levels, ) Tj ET Q q 0 0 0 rg BT 477.43 511.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 502.35 511.25 Td (spreads, ) Tj ET Q q 0 0 0 rg BT 537.01 511.25 Td (equity ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 499.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 78.71 499.25 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 131.57 499.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 156.66 499.25 Td (quality) Tj ET Q q 0 0 0 rg BT 183.78 499.25 Td (, ) Tj ET Q q 0 0 0 rg BT 188.61 499.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 248.15 499.25 Td (market ) Tj ET Q q 0 0 0 rg BT 278.24 499.25 Td (volatility ) Tj ET Q q 0 0 0 rg BT 316.68 499.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 342.33 499.25 Td (and ) Tj ET Q q 0 0 0 rg BT 359.10 499.25 Td (option ) Tj ET Q q 0 0 0 rg BT 386.99 499.25 Td (volatilities. ) Tj ET Q q 0 0 0 rg BT 434.03 499.25 Td (Minimal ) Tj ET Q q 0 0 0 rg BT 470.81 499.25 Td (management ) Tj ET Q q 0 0 0 rg BT 524.22 499.25 Td (judgment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (is ) Tj ET Q q 0 0 0 rg BT 58.09 487.25 Td (required ) Tj ET Q q 0 0 0 rg BT 92.83 487.25 Td (for ) Tj ET Q q 0 0 0 rg BT 105.91 487.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 121.21 487.25 Td (values ) Tj ET Q q 0 0 0 rg BT 148.18 487.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 190.13 487.25 Td (using ) Tj ET Q q 0 0 0 rg BT 213.22 487.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 241.86 487.25 Td (market ) Tj ET Q q 0 0 0 rg BT 271.05 487.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 296.35 487.25 Td (or ) Tj ET Q q 0 0 0 rg BT 306.10 487.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 350.84 487.25 Td (market ) Tj ET Q q 0 0 0 rg BT 380.02 487.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 405.89 487.25 Td (for ) Tj ET Q q 0 0 0 rg BT 418.98 487.25 Td (models. ) Tj ET Q q 0 0 0 rg BT 451.68 487.25 Td (The ) Tj ET Q q 0 0 0 rg BT 468.65 487.25 Td (calculation ) Tj ET Q q 0 0 0 rg BT 513.94 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 523.69 487.25 Td (estimated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 475.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.38 475.25 Td (value ) Tj ET Q q 0 0 0 rg BT 90.53 475.25 Td (is ) Tj ET Q q 0 0 0 rg BT 99.70 475.25 Td (based ) Tj ET Q q 0 0 0 rg BT 124.97 475.25 Td (on ) Tj ET Q q 0 0 0 rg BT 137.47 475.25 Td (market ) Tj ET Q q 0 0 0 rg BT 167.73 475.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 211.90 475.25 Td (at ) Tj ET Q q 0 0 0 rg BT 221.62 475.25 Td (a ) Tj ET Q q 0 0 0 rg BT 228.55 475.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 262.15 475.25 Td (point ) Tj ET Q q 0 0 0 rg BT 285.21 475.25 Td (in ) Tj ET Q q 0 0 0 rg BT 295.48 475.25 Td (time ) Tj ET Q q 0 0 0 rg BT 315.76 475.25 Td (and ) Tj ET Q q 0 0 0 rg BT 332.70 475.25 Td (may ) Tj ET Q q 0 0 0 rg BT 352.41 475.25 Td (not ) Tj ET Q q 0 0 0 rg BT 367.69 475.25 Td (be ) Tj ET Q q 0 0 0 rg BT 379.63 475.25 Td (reflective ) Tj ET Q q 0 0 0 rg BT 419.88 475.25 Td (of ) Tj ET Q q 0 0 0 rg BT 430.71 475.25 Td (future ) Tj ET Q q 0 0 0 rg BT 457.08 475.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 473.46 475.25 Td (values. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 458.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 73.47 458.25 Td (records ) Tj ET Q q 0 0 0 rg BT 105.27 458.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.85 458.25 Td (available ) Tj ET Q q 0 0 0 rg BT 158.30 458.25 Td (for ) Tj ET Q q 0 0 0 rg BT 172.33 458.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 190.24 458.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 230.37 458.25 Td (held ) Tj ET Q q 0 0 0 rg BT 249.95 458.25 Td (in ) Tj ET Q q 0 0 0 rg BT 260.09 458.25 Td (its ) Tj ET Q q 0 0 0 rg BT 271.90 458.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 312.03 458.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 349.39 458.25 Td (at ) Tj ET Q q 0 0 0 rg BT 358.97 458.25 Td (their ) Tj ET Q q 0 0 0 rg BT 379.66 458.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 395.91 458.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 421.90 458.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 445.38 458.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 484.95 458.25 Td (uses ) Tj ET Q q 0 0 0 rg BT 504.54 458.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.12 458.25 Td (services ) Tj ET Q q 0 0 0 rg BT 553.69 458.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 446.25 Td (external ) Tj ET Q q 0 0 0 rg BT 83.95 446.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 123.46 446.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 153.54 446.25 Td (vendors ) Tj ET Q q 0 0 0 rg BT 186.94 446.25 Td (to ) Tj ET Q q 0 0 0 rg BT 196.47 446.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 223.21 446.25 Td (these ) Tj ET Q q 0 0 0 rg BT 245.51 446.25 Td (values. ) Tj ET Q q 0 0 0 rg BT 275.18 446.25 Td (The ) Tj ET Q q 0 0 0 rg BT 292.47 446.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 331.98 446.25 Td (are ) Tj ET Q q 0 0 0 rg BT 345.94 446.25 Td (valued ) Tj ET Q q 0 0 0 rg BT 374.34 446.25 Td (using ) Tj ET Q q 0 0 0 rg BT 397.76 446.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 426.72 446.25 Td (market ) Tj ET Q q 0 0 0 rg BT 456.24 446.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 481.86 446.25 Td (or ) Tj ET Q q 0 0 0 rg BT 491.94 446.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 517.56 446.25 Td (established ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 434.25 Td (using ) Tj ET Q q 0 0 0 rg BT 73.82 434.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 119.29 434.25 Td (market ) Tj ET Q q 0 0 0 rg BT 149.21 434.25 Td (inputs. ) Tj ET Q q 0 0 0 rg BT 178.31 434.25 Td (In ) Tj ET Q q 0 0 0 rg BT 188.79 434.25 Td (volatile ) Tj ET Q q 0 0 0 rg BT 220.94 434.25 Td (market ) Tj ET Q q 0 0 0 rg BT 250.85 434.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 297.17 434.25 Td (these ) Tj ET Q q 0 0 0 rg BT 319.87 434.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 349.24 434.25 Td (market ) Tj ET Q q 0 0 0 rg BT 379.16 434.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 405.19 434.25 Td (or ) Tj ET Q q 0 0 0 rg BT 415.67 434.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 461.14 434.25 Td (market ) Tj ET Q q 0 0 0 rg BT 491.06 434.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 517.66 434.25 Td (can ) Tj ET Q q 0 0 0 rg BT 533.69 434.25 Td (change ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 422.25 Td (rapidly ) Tj ET Q q 0 0 0 rg BT 80.83 422.25 Td (causing ) Tj ET Q q 0 0 0 rg BT 113.87 422.25 Td (a ) Tj ET Q q 0 0 0 rg BT 120.81 422.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 165.52 422.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 195.23 422.25 Td (on ) Tj ET Q q 0 0 0 rg BT 207.73 422.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 224.11 422.25 Td (value ) Tj ET Q q 0 0 0 rg BT 248.27 422.25 Td (and ) Tj ET Q q 0 0 0 rg BT 265.21 422.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 302.69 422.25 Td (results ) Tj ET Q q 0 0 0 rg BT 331.29 422.25 Td (recorded. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 405.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 72.95 405.25 Td (employs ) Tj ET Q q 0 0 0 rg BT 108.68 405.25 Td (a ) Tj ET Q q 0 0 0 rg BT 114.97 405.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 130.69 405.25 Td (value ) Tj ET Q q 0 0 0 rg BT 154.19 405.25 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 193.79 405.25 Td (to ) Tj ET Q q 0 0 0 rg BT 203.41 405.25 Td (categorize ) Tj ET Q q 0 0 0 rg BT 246.33 405.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.40 405.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 286.69 405.25 Td (it ) Tj ET Q q 0 0 0 rg BT 294.09 405.25 Td (uses ) Tj ET Q q 0 0 0 rg BT 313.16 405.25 Td (in ) Tj ET Q q 0 0 0 rg BT 322.78 405.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 361.84 405.25 Td (techniques ) Tj ET Q q 0 0 0 rg BT 406.45 405.25 Td (to ) Tj ET Q q 0 0 0 rg BT 416.07 405.25 Td (measure ) Tj ET Q q 0 0 0 rg BT 451.23 405.25 Td (the ) Tj ET Q q 0 0 0 rg BT 465.29 405.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 481.01 405.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 506.88 405.25 Td (The ) Tj ET Q q 0 0 0 rg BT 524.27 405.25 Td (hierarchy ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 393.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.55 393.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 104.09 393.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.30 393.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 145.40 393.25 Td (market ) Tj ET Q q 0 0 0 rg BT 176.05 393.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 202.81 393.25 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 231.78 393.25 Td (1\), ) Tj ET Q q 0 0 0 rg BT 245.50 393.25 Td (third ) Tj ET Q q 0 0 0 rg BT 267.26 393.25 Td (party ) Tj ET Q q 0 0 0 rg BT 290.69 393.25 Td (models ) Tj ET Q q 0 0 0 rg BT 322.46 393.25 Td (using ) Tj ET Q q 0 0 0 rg BT 347.01 393.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 393.21 393.25 Td (market ) Tj ET Q q 0 0 0 rg BT 423.86 393.25 Td (information ) Tj ET Q q 0 0 0 rg BT 473.95 393.25 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 502.93 393.25 Td (2\) ) Tj ET Q q 0 0 0 rg BT 514.14 393.25 Td (and ) Tj ET Q q 0 0 0 rg BT 531.46 393.25 Td (internal ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 381.25 Td (models ) Tj ET Q q 0 0 0 rg BT 81.68 381.25 Td (without ) Tj ET Q q 0 0 0 rg BT 115.04 381.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 161.15 381.25 Td (market ) Tj ET Q q 0 0 0 rg BT 191.71 381.25 Td (information ) Tj ET Q q 0 0 0 rg BT 241.72 381.25 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 270.62 381.25 Td (3\). ) Tj ET Q q 0 0 0 rg BT 284.04 381.25 Td (The ) Tj ET Q q 0 0 0 rg BT 302.39 381.25 Td (following ) Tj ET Q q 0 0 0 rg BT 344.07 381.25 Td (table ) Tj ET Q q 0 0 0 rg BT 366.30 381.25 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 416.25 381.25 Td (Atlas' ) Tj ET Q q 0 0 0 rg BT 441.95 381.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 492.52 381.25 Td (at ) Tj ET Q q 0 0 0 rg BT 502.54 381.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 519.21 381.25 Td (value ) Tj ET Q q 0 0 0 rg BT 543.67 381.25 Td (as ) Tj ET Q q 0 0 0 rg BT 554.80 381.25 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 369.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.72 369.25 Td (three ) Tj ET Q q 0 0 0 rg BT 87.20 369.25 Td (month ) Tj ET Q q 0 0 0 rg BT 115.26 369.25 Td (period ) Tj ET Q q 0 0 0 rg BT 143.31 369.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 169.68 369.25 Td (September ) Tj ET Q q 0 0 0 rg BT 214.95 369.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 229.95 369.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.95 369.25 Td ( ) Tj ET Q q 0 0 0 rg BT 252.45 369.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.38 369.25 Td (as ) Tj ET Q q 0 0 0 rg BT 280.21 369.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.04 369.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.76 369.25 Td (year ) Tj ET Q q 0 0 0 rg BT 325.47 369.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 351.85 369.25 Td (December ) Tj ET Q q 0 0 0 rg BT 395.43 369.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 410.43 369.25 Td (201) Tj ET Q q 0 0 0 rg BT 425.06 369.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.06 369.25 Td (\(all ) Tj ET Q q 0 0 0 rg BT 445.88 369.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 482.27 369.25 Td (in ) Tj ET Q q 0 0 0 rg BT 492.55 369.25 Td ('000s\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 341.75 310.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 341.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 341.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 341.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 341.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 317.75 310.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 317.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 317.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 317.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 317.75 50.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 353.75 m 410.5 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 341.75 m 410.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 353.75 m 460.5 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 341.75 m 460.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 353.75 m 510.5 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 341.75 m 510.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 353.75 m 560.5 353.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 341.75 m 560.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 341.75 m 410.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 341.75 m 460.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 341.75 m 510.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 341.75 m 560.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 317.75 m 410.5 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 306.75 m 410.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 304.75 m 410.5 304.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 317.75 m 460.5 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 306.75 m 460.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 304.75 m 460.5 304.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 317.75 m 510.5 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 306.75 m 510.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 304.75 m 510.5 304.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 317.75 m 560.5 317.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 306.75 m 560.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 304.75 m 560.5 304.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 344.48 Td (September 30, 2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 369.55 344.48 Td (Level 1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 419.55 344.48 Td (Level 2) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 469.55 344.48 Td (Level 3) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.05 344.48 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 332.37 Td (Fixed Income Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.00 332.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 332.37 Td (19,013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.00 332.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.15 332.37 Td (90,542) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.00 332.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.65 332.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.00 332.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.10 332.37 Td (109,555) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 320.37 Td (Equities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.65 320.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.65 320.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.65 320.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 546.65 320.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 308.37 Td (Totals) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.00 308.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 308.37 Td (19,013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.00 308.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.15 308.37 Td (90,542) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.00 308.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.65 308.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.00 308.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.10 308.37 Td (109,555) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 278.75 310.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 278.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 278.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 278.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 278.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 254.75 310.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 254.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 254.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 460.50 254.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 254.75 50.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 290.75 m 410.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 278.75 m 410.5 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 290.75 m 460.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 278.75 m 460.5 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 290.75 m 510.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 278.75 m 510.5 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 290.75 m 560.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 278.75 m 560.5 278.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 254.75 m 410.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 243.75 m 410.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 241.75 m 410.5 241.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 254.75 m 460.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 243.75 m 460.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 241.75 m 460.5 241.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 254.75 m 510.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 243.75 m 510.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460.5 241.75 m 510.5 241.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 254.75 m 560.5 254.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 243.75 m 560.5 243.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 241.75 m 560.5 241.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 281.48 Td (December 31, 2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 369.55 281.48 Td (Level 1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 419.55 281.48 Td (Level 2) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 469.55 281.48 Td (Level 3) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 524.05 281.48 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 269.37 Td (Fixed Income Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.00 269.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 269.37 Td (13,363) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.00 269.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.15 269.37 Td (90,128) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.00 269.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.65 269.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.00 269.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.10 269.37 Td (103,491) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 257.37 Td (Equities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.15 257.37 Td (1,141) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.65 257.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.65 257.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.15 257.37 Td (1,141) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 245.37 Td (Totals) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.00 245.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 245.37 Td (14,504) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.00 245.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.15 245.37 Td (90,128) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.00 245.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.65 245.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.00 245.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.10 245.37 Td (104,632) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (Of ) Tj ET Q q 0 0 0 rg BT 63.51 226.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.69 226.25 Td (total ) Tj ET Q q 0 0 0 rg BT 99.43 226.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 137.38 226.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.67 226.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 172.18 226.25 Td (income ) Tj ET Q q 0 0 0 rg BT 204.58 226.25 Td (securities, ) Tj ET Q q 0 0 0 rg BT 247.80 226.25 Td (only ) Tj ET Q q 0 0 0 rg BT 268.54 226.25 Td (holdings ) Tj ET Q q 0 0 0 rg BT 305.95 226.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.24 226.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 337.77 226.25 Td (T) Tj ET Q q 0 0 0 rg BT 343.53 226.25 Td (reasury ) Tj ET Q q 0 0 0 rg BT 375.92 226.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 418.32 226.25 Td (are ) Tj ET Q q 0 0 0 rg BT 433.48 226.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 474.21 226.25 Td (within ) Tj ET Q q 0 0 0 rg BT 502.73 226.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 528.45 226.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 538.70 226.25 Td (There ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (were ) Tj ET Q q 0 0 0 rg BT 71.93 214.25 Td (no ) Tj ET Q q 0 0 0 rg BT 84.43 214.25 Td (transfers ) Tj ET Q q 0 0 0 rg BT 121.36 214.25 Td (in ) Tj ET Q q 0 0 0 rg BT 131.64 214.25 Td (or ) Tj ET Q q 0 0 0 rg BT 142.47 214.25 Td (out ) Tj ET Q q 0 0 0 rg BT 157.74 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.57 214.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 193.84 214.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 201.34 214.25 Td (during ) Tj ET Q q 0 0 0 rg BT 229.95 214.25 Td (either ) Tj ET Q q 0 0 0 rg BT 255.21 214.25 Td (period.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 197.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 83.08 197.25 Td (Management) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.18 197.25 Td ( ) Tj ET Q q 0 0 0 rg BT 140.60 197.25 Td (- ) Tj ET Q q 0 0 0 rg BT 145.24 197.25 Td (The ) Tj ET Q q 0 0 0 rg BT 162.20 197.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 202.50 197.25 Td (manages ) Tj ET Q q 0 0 0 rg BT 238.90 197.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 266.96 197.25 Td (using ) Tj ET Q q 0 0 0 rg BT 290.04 197.25 Td (both ) Tj ET Q q 0 0 0 rg BT 309.24 197.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 351.74 197.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 379.81 197.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 418.43 197.25 Td (and ) Tj ET Q q 0 0 0 rg BT 434.28 197.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 466.24 197.25 Td (metrics. ) Tj ET Q q 0 0 0 rg BT 499.48 197.25 Td (The ) Tj ET Q q 0 0 0 rg BT 516.44 197.25 Td (Company) Tj ET Q q 0 0 0 rg BT 558.11 197.25 Td (s ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 185.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 79.78 185.25 Td (is ) Tj ET Q q 0 0 0 rg BT 89.58 185.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 129.93 185.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 163.05 185.25 Td (from ) Tj ET Q q 0 0 0 rg BT 185.62 185.25 Td (common ) Tj ET Q q 0 0 0 rg BT 223.75 185.25 Td (shareholders) Tj ET Q q 0 0 0 rg BT 276.87 185.25 Td ( ) Tj ET Q q 0 0 0 rg BT 280.00 185.25 Td (equity) Tj ET Q q 0 0 0 rg BT 304.35 185.25 Td (, ) Tj ET Q q 0 0 0 rg BT 309.98 185.25 Td (retained ) Tj ET Q q 0 0 0 rg BT 345.31 185.25 Td (deficit ) Tj ET Q q 0 0 0 rg BT 373.99 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 391.56 185.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 445.22 185.25 Td (other ) Tj ET Q q 0 0 0 rg BT 468.90 185.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 532.56 185.25 Td (income ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 173.25 Td (\(loss\). ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 156.25 Td (As ) Tj ET Q q 0 0 0 rg BT 64.47 156.25 Td (a ) Tj ET Q q 0 0 0 rg BT 72.26 156.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 106.18 156.25 Td (company) Tj ET Q q 0 0 0 rg BT 142.18 156.25 Td (, ) Tj ET Q q 0 0 0 rg BT 147.30 156.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 171.76 156.25 Td (could ) Tj ET Q q 0 0 0 rg BT 197.33 156.25 Td (derive ) Tj ET Q q 0 0 0 rg BT 225.68 156.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 246.80 156.25 Td (from ) Tj ET Q q 0 0 0 rg BT 269.59 156.25 Td (its ) Tj ET Q q 0 0 0 rg BT 282.40 156.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 324.07 156.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 374.64 156.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 415.20 156.25 Td (in ) Tj ET Q q 0 0 0 rg BT 426.34 156.25 Td (the ) Tj ET Q q 0 0 0 rg BT 441.91 156.25 Td (form ) Tj ET Q q 0 0 0 rg BT 464.70 156.25 Td (of ) Tj ET Q q 0 0 0 rg BT 476.39 156.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 518.63 156.25 Td (to ) Tj ET Q q 0 0 0 rg BT 529.77 156.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 552.56 156.25 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 144.25 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 100.62 144.25 Td (which ) Tj ET Q q 0 0 0 rg BT 128.73 144.25 Td (will ) Tj ET Q q 0 0 0 rg BT 147.96 144.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 188.85 144.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 220.30 144.25 Td (of ) Tj ET Q q 0 0 0 rg BT 232.30 144.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 273.74 144.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 309.62 144.25 Td (payments. ) Tj ET Q q 0 0 0 rg BT 353.31 144.25 Td (Atlas) Tj ET Q q 0 0 0 rg BT 377.01 144.25 Td ( ) Tj ET Q q 0 0 0 rg BT 380.68 144.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 422.67 144.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 473.56 144.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 495.57 144.25 Td (their ) Tj ET Q q 0 0 0 rg BT 517.57 144.25 Td (obligations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 132.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 89.94 132.25 Td (through ) Tj ET Q q 0 0 0 rg BT 123.78 132.25 Td (premium ) Tj ET Q q 0 0 0 rg BT 162.61 132.25 Td (and ) Tj ET Q q 0 0 0 rg BT 179.78 132.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 226.39 132.25 Td (income ) Tj ET Q q 0 0 0 rg BT 258.55 132.25 Td (and ) Tj ET Q q 0 0 0 rg BT 275.72 132.25 Td (maturities ) Tj ET Q q 0 0 0 rg BT 318.44 132.25 Td (in ) Tj ET Q q 0 0 0 rg BT 328.95 132.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.90 132.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 384.39 132.25 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 424.42 132.25 Td (The ) Tj ET Q q 0 0 0 rg BT 442.69 132.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 483.74 132.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 533.68 132.25 Td (require ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 120.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 94.16 120.25 Td (approval ) Tj ET Q q 0 0 0 rg BT 132.21 120.25 Td (for ) Tj ET Q q 0 0 0 rg BT 146.94 120.25 Td (the ) Tj ET Q q 0 0 0 rg BT 162.23 120.25 Td (return ) Tj ET Q q 0 0 0 rg BT 189.17 120.25 Td (of ) Tj ET Q q 0 0 0 rg BT 200.57 120.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 230.29 120.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 250.29 120.25 Td (in ) Tj ET Q q 0 0 0 rg BT 261.14 120.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 291.41 120.25 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 353.62 120.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 376.13 120.25 Td (to ) Tj ET Q q 0 0 0 rg BT 386.97 120.25 Td (the ) Tj ET Q q 0 0 0 rg BT 402.26 120.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 439.76 120.25 Td (of ) Tj ET Q q 0 0 0 rg BT 451.16 120.25 Td (dividends. ) Tj ET Q q 0 0 0 rg BT 495.61 120.25 Td (In ) Tj ET Q q 0 0 0 rg BT 507.01 120.25 Td (the ) Tj ET Q q 0 0 0 rg BT 522.29 120.25 Td (event ) Tj ET Q q 0 0 0 rg BT 547.02 120.25 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 108.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 91.52 108.25 Td (available ) Tj ET Q q 0 0 0 rg BT 130.24 108.25 Td (to ) Tj ET Q q 0 0 0 rg BT 140.66 108.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.51 108.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 188.70 108.25 Td (company ) Tj ET Q q 0 0 0 rg BT 227.99 108.25 Td (are ) Tj ET Q q 0 0 0 rg BT 242.83 108.25 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 288.77 108.25 Td (to ) Tj ET Q q 0 0 0 rg BT 299.19 108.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 324.03 108.25 Td (its ) Tj ET Q q 0 0 0 rg BT 336.11 108.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 376.51 108.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 417.74 108.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.59 108.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 465.78 108.25 Td (company ) Tj ET Q q 0 0 0 rg BT 505.07 108.25 Td (would ) Tj ET Q q 0 0 0 rg BT 532.71 108.25 Td (need ) Tj ET Q q 0 0 0 rg BT 554.22 108.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 96.25 Td (raise ) Tj ET Q q 0 0 0 rg BT 71.38 96.25 Td (capital, ) Tj ET Q q 0 0 0 rg BT 103.03 96.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 119.41 96.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 145.24 96.25 Td (or ) Tj ET Q q 0 0 0 rg BT 156.07 96.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 179.12 96.25 Td (future ) Tj ET Q q 0 0 0 rg BT 205.50 96.25 Td (debt. ) Tj ET Q q 0 0 0 rg BT 227.71 96.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 79.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.33 79.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 109.44 79.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 159.44 79.25 Td (must ) Tj ET Q q 0 0 0 rg BT 181.68 79.25 Td (each ) Tj ET Q q 0 0 0 rg BT 202.78 79.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 240.56 79.25 Td (a ) Tj ET Q q 0 0 0 rg BT 247.78 79.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 289.46 79.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 327.24 79.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 356.68 79.25 Td (and ) Tj ET Q q 0 0 0 rg BT 373.91 79.25 Td (surplus ) Tj ET Q q 0 0 0 rg BT 405.58 79.25 Td (of ) Tj ET Q q 0 0 0 rg BT 416.70 79.25 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 436.99 79.25 Td (million ) Tj ET Q q 0 0 0 rg BT 468.67 79.25 Td (under ) Tj ET Q q 0 0 0 rg BT 494.22 79.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.23 79.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 553.68 79.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 67.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.16 67.25 Td (Illinois ) Tj ET Q q 0 0 0 rg BT 96.45 67.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 138.26 67.25 Td (Code. ) Tj ET Q q 0 0 0 rg BT 164.81 67.25 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 208.87 67.25 Td (may ) Tj ET Q q 0 0 0 rg BT 229.03 67.25 Td (only ) Tj ET Q q 0 0 0 rg BT 249.76 67.25 Td (be ) Tj ET Q q 0 0 0 rg BT 262.14 67.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 282.31 67.25 Td (from ) Tj ET Q q 0 0 0 rg BT 304.69 67.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 342.63 67.25 Td (unassigned ) Tj ET Q q 0 0 0 rg BT 390.02 67.25 Td (surplus, ) Tj ET Q q 0 0 0 rg BT 424.36 67.25 Td (and ) Tj ET Q q 0 0 0 rg BT 441.74 67.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 483.02 67.25 Td (may ) Tj ET Q q 0 0 0 rg BT 503.18 67.25 Td (not ) Tj ET Q q 0 0 0 rg BT 518.90 67.25 Td (be ) Tj ET Q q 0 0 0 rg BT 531.29 67.25 Td (made ) Tj ET Q q 0 0 0 rg BT 555.89 67.25 Td (if ) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 25 0 obj <>] /Rotate 0 /Contents 26 0 R>> endobj 26 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.14 742.10 Td (surplus ) Tj ET Q q 0 0 0 rg BT 100.83 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 109.31 742.10 Td (less ) Tj ET Q q 0 0 0 rg BT 126.12 742.10 Td (than ) Tj ET Q q 0 0 0 rg BT 145.14 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 151.39 742.10 Td (stipulated ) Tj ET Q q 0 0 0 rg BT 192.08 742.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 226.25 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 243.60 742.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 280.40 742.10 Td (restriction ) Tj ET Q q 0 0 0 rg BT 322.75 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 331.23 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.25 742.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 374.81 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.95 742.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 421.75 742.10 Td (net ) Tj ET Q q 0 0 0 rg BT 435.77 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 467.01 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 477.15 742.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 497.29 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.42 742.10 Td (total ) Tj ET Q q 0 0 0 rg BT 527.00 742.10 Td (statutory ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 79.15 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.09 730.10 Td (surplus. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 713.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 65.97 713.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 91.39 713.10 Td (computed ) Tj ET Q q 0 0 0 rg BT 132.35 713.10 Td (under ) Tj ET Q q 0 0 0 rg BT 156.65 713.10 Td (statutory-basis ) Tj ET Q q 0 0 0 rg BT 216.51 713.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 261.91 713.10 Td (for ) Tj ET Q q 0 0 0 rg BT 274.76 713.10 Td (American ) Tj ET Q q 0 0 0 rg BT 315.71 713.10 Td (Country ) Tj ET Q q 0 0 0 rg BT 350.02 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.65 713.10 Td (American ) Tj ET Q q 0 0 0 rg BT 406.61 713.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 438.12 713.10 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.08 713.10 Td ($2.3 ) Tj ET Q q 0 0 0 rg BT 478.11 713.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.00 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 508.53 713.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.50 713.10 Td ($497) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.50 713.10 Td (,000 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 701.10 Td (respectively ) Tj ET Q q 0 0 0 rg BT 100.77 701.10 Td (for ) Tj ET Q q 0 0 0 rg BT 114.89 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.57 701.10 Td (year ) Tj ET Q q 0 0 0 rg BT 149.23 701.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 175.57 701.10 Td (December ) Tj ET Q q 0 0 0 rg BT 219.12 701.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 234.08 701.10 Td (201) Tj ET Q q 0 0 0 rg BT 248.70 701.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 258.66 701.10 Td (versus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.68 701.10 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 306.64 701.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.53 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.99 701.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.89 701.10 Td ($5.4 ) Tj ET Q q 0 0 0 rg BT 374.85 701.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.74 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 406.20 701.10 Td (for ) Tj ET Q q 0 0 0 rg BT 420.32 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.99 701.10 Td (year ) Tj ET Q q 0 0 0 rg BT 454.66 701.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 481.00 701.10 Td (December ) Tj ET Q q 0 0 0 rg BT 524.54 701.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 539.50 701.10 Td (2010. ) Tj ET Q q 0 0 0 rg BT 564.50 701.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 689.10 Td (Statutory ) Tj ET Q q 0 0 0 rg BT 89.25 689.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 118.49 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.51 689.10 Td (surplus ) Tj ET Q q 0 0 0 rg BT 166.99 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.91 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.71 689.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 233.62 689.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 283.42 689.10 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.56 689.10 Td ($50.0 ) Tj ET Q q 0 0 0 rg BT 326.65 689.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.54 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 358.12 689.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.15 689.10 Td ($45.6 ) Tj ET Q q 0 0 0 rg BT 400.24 689.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.13 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 431.71 689.10 Td (at ) Tj ET Q q 0 0 0 rg BT 441.52 689.10 Td (December ) Tj ET Q q 0 0 0 rg BT 485.19 689.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 500.28 689.10 Td (201) Tj ET Q q 0 0 0 rg BT 514.91 689.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 522.49 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.52 689.10 Td (2010, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 677.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 677.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 660.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 73.56 660.10 Td (did ) Tj ET Q q 0 0 0 rg BT 88.79 660.10 Td (not ) Tj ET Q q 0 0 0 rg BT 104.03 660.10 Td (declare ) Tj ET Q q 0 0 0 rg BT 135.34 660.10 Td (or ) Tj ET Q q 0 0 0 rg BT 146.13 660.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 163.02 660.10 Td (any ) Tj ET Q q 0 0 0 rg BT 179.91 660.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 221.25 660.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.48 660.10 Td (its ) Tj ET Q q 0 0 0 rg BT 243.38 660.10 Td (common ) Tj ET Q q 0 0 0 rg BT 280.83 660.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 333.82 660.10 Td (during ) Tj ET Q q 0 0 0 rg BT 362.39 660.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.06 660.10 Td (three ) Tj ET Q q 0 0 0 rg BT 399.49 660.10 Td (month ) Tj ET Q q 0 0 0 rg BT 427.50 660.10 Td (period ) Tj ET Q q 0 0 0 rg BT 455.51 660.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 481.84 660.10 Td (September ) Tj ET Q q 0 0 0 rg BT 527.05 660.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 542.01 660.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.01 660.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 648.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 648.10 Td (in ) Tj ET Q q 0 0 0 rg BT 71.11 648.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.83 648.10 Td (year ) Tj ET Q q 0 0 0 rg BT 105.53 648.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 131.91 648.10 Td (December ) Tj ET Q q 0 0 0 rg BT 175.49 648.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 190.49 648.10 Td (201) Tj ET Q q 0 0 0 rg BT 205.12 648.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 215.12 648.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.06 648.10 Td (has ) Tj ET Q q 0 0 0 rg BT 247.89 648.10 Td (no ) Tj ET Q q 0 0 0 rg BT 260.39 648.10 Td (current ) Tj ET Q q 0 0 0 rg BT 291.21 648.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 314.81 648.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.09 648.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 342.03 648.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 383.42 648.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.70 648.10 Td (its ) Tj ET Q q 0 0 0 rg BT 405.64 648.10 Td (common ) Tj ET Q q 0 0 0 rg BT 443.14 648.10 Td (shareholders.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 627.25 Td (7. INCOME ) Tj ET Q q 0 0 0 rg BT 122.54 627.25 Td (T) Tj ET Q q 0 0 0 rg BT 128.47 627.25 Td (AXES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.94 610.25 Td (ef) Tj ET Q q 0 0 0 rg BT 75.53 610.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 105.12 610.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 119.73 610.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 137.11 610.25 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.05 610.25 Td (0.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.88 610.25 Td ( ) Tj ET Q q 0 0 0 rg BT 178.27 610.25 Td (for ) Tj ET Q q 0 0 0 rg BT 192.32 610.25 Td (both ) Tj ET Q q 0 0 0 rg BT 212.49 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.21 610.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.82 610.25 Td (three ) Tj ET Q q 0 0 0 rg BT 260.20 610.25 Td (month ) Tj ET Q q 0 0 0 rg BT 288.15 610.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 319.98 610.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 346.25 610.25 Td (September ) Tj ET Q q 0 0 0 rg BT 391.40 610.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 406.29 610.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 428.68 610.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.51 610.25 Td (201) Tj ET Q q 0 0 0 rg BT 460.14 610.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.14 610.25 Td (, ) Tj ET Q q 0 0 0 rg BT 470.04 610.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 517.70 610.25 Td (, ) Tj ET Q q 0 0 0 rg BT 522.59 610.25 Td (compared ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 598.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 598.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 95.28 598.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 132.77 598.25 Td (income ) Tj ET Q q 0 0 0 rg BT 164.71 598.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 179.42 598.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 196.91 598.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.74 598.25 Td (34% ) Tj ET Q q 0 0 0 rg BT 228.57 598.25 Td (as ) Tj ET Q q 0 0 0 rg BT 239.40 598.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 268.01 598.25 Td (below\(all ) Tj ET Q q 0 0 0 rg BT 308.28 598.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 344.66 598.25 Td (in ) Tj ET Q q 0 0 0 rg BT 354.94 598.25 Td ('000s\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 543.75 131.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 181.50 543.75 42.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 543.75 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.50 543.75 46.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 543.75 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 543.75 44.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 543.75 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 543.75 42.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 543.75 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 543.75 44.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 543.75 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 543.75 44.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 543.75 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 543.75 44.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 543.75 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 543.75 44.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 504.75 131.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 181.50 504.75 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 504.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.50 504.75 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 504.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 504.75 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 504.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 504.75 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 504.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 504.75 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 504.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 504.75 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 504.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 504.75 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 504.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 504.75 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 480.75 131.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 181.50 480.75 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 223.50 480.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 227.50 480.75 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 480.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 480.75 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 480.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 480.75 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 480.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 480.75 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 480.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 480.75 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 480.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 480.75 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 480.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 480.75 44.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181.5 582.75 m 223.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181.5 567.75 m 223.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 582.75 m 227.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 567.75 m 227.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 582.75 m 273.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 567.75 m 273.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 582.75 m 277.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 567.75 m 277.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 582.75 m 321.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 567.75 m 321.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 582.75 m 325.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 567.75 m 325.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 582.75 m 367.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 567.75 m 367.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 582.75 m 371.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 567.75 m 371.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 582.75 m 415.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 567.75 m 415.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 582.75 m 419.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 567.75 m 419.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 582.75 m 463.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 567.75 m 463.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 582.75 m 467.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 582.75 m 511.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 567.75 m 511.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 582.75 m 515.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 567.75 m 515.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 582.75 m 559.5 582.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 567.75 m 559.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181.5 567.75 m 223.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181.5 555.75 m 223.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 567.75 m 227.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 555.75 m 227.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 567.75 m 273.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 555.75 m 273.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 567.75 m 277.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 555.75 m 277.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 567.75 m 321.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 555.75 m 321.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 567.75 m 325.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 555.75 m 325.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 567.75 m 367.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 555.75 m 367.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 567.75 m 371.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 555.75 m 371.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 555.75 m 415.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 555.75 m 419.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 555.75 m 463.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 567.75 m 467.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 555.75 m 467.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 555.75 m 511.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 567.75 m 515.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 555.75 m 515.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 567.75 m 559.5 567.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 555.75 m 559.5 555.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181.5 543.75 m 223.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 543.75 m 227.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 543.75 m 273.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 543.75 m 277.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 543.75 m 321.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 543.75 m 325.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 543.75 m 367.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 543.75 m 371.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 543.75 m 415.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 543.75 m 463.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 543.75 m 511.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 543.75 m 559.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181.5 543.75 m 223.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 543.75 m 227.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 543.75 m 273.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 543.75 m 277.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 543.75 m 321.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 543.75 m 325.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 543.75 m 367.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 543.75 m 371.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 543.75 m 415.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 543.75 m 463.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 543.75 m 511.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 543.75 m 559.5 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181.5 480.75 m 223.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 480.75 m 227.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 480.75 m 273.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 480.75 m 277.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 480.75 m 321.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 480.75 m 325.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 480.75 m 367.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 480.75 m 371.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 480.75 m 415.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 480.75 m 419.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 480.75 m 463.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 480.75 m 467.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 480.75 m 511.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 480.75 m 515.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 480.75 m 559.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181.5 469.75 m 223.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181.5 467.75 m 223.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 469.75 m 227.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 223.5 467.75 m 227.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 469.75 m 273.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 227.5 467.75 m 273.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 469.75 m 277.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 467.75 m 277.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 480.75 m 321.5 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 469.75 m 321.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 467.75 m 321.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 469.75 m 325.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 467.75 m 325.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 469.75 m 367.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 467.75 m 367.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 469.75 m 371.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 467.75 m 371.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 469.75 m 415.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 467.75 m 415.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 469.75 m 419.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 467.75 m 419.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 469.75 m 463.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 467.75 m 463.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 469.75 m 467.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 467.75 m 467.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 469.75 m 511.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 467.75 m 511.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 469.75 m 515.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 467.75 m 515.5 467.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 469.75 m 559.5 469.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 467.75 m 559.5 467.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 213.10 572.43 Td (Three Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 406.75 572.43 Td (Nine Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 185.25 558.48 Td (September 30, 2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 278.55 558.48 Td (September 30, 2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 375.25 558.48 Td (September 30, 2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 471.55 558.48 Td (September 30, 2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 184.45 546.48 Td (Amount) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 245.00 546.48 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 281.45 546.48 Td (Amount) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 341.00 546.48 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 375.45 546.48 Td (Amount) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.00 546.48 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 471.45 546.48 Td (Amount) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 532.00 546.48 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 531.42 Td (Expected income tax benefit at) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 521.42 Td (statutory rate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 184.00 521.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.65 521.42 Td (563) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.80 521.42 Td (34.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.65 521.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.00 521.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.65 521.42 Td (362) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.80 521.42 Td (34.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.65 521.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.00 521.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.65 521.42 Td (653) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.80 521.42 Td (34.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.65 521.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.00 521.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.30 521.47 Td (\(174) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.65 521.42 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.80 521.42 Td (34.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.65 521.42 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 507.37 Td (Valuation allowance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.30 507.37 Td (\(566) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.65 507.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.45 507.37 Td (\(34.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.30 507.37 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.30 507.37 Td (\(384) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.65 507.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.45 507.37 Td (\(56.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.30 507.37 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.30 507.37 Td (\(658) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.65 507.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.45 507.37 Td (\(34.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.30 507.37 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 507.37 Td (131) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.45 507.37 Td (\(25.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.30 507.37 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 495.37 Td (Nondeductible expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.65 495.37 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.80 495.37 Td (0.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.65 495.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.65 495.37 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.80 495.37 Td (22.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.65 495.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.65 495.37 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.80 495.37 Td (0.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.65 495.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.65 495.37 Td (43) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.45 495.37 Td (\(8.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.30 495.37 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 483.37 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.30 483.37 Td (\(2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.65 483.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.45 483.37 Td (\(0.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.30 483.37 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.30 483.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.65 483.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.30 483.37 Td (\(5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.65 483.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.45 483.37 Td (\(0.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.30 483.37 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.30 483.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.65 483.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 471.37 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 184.00 471.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.65 471.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.30 471.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.65 471.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.00 471.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.65 471.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.30 471.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.65 471.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.00 471.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.65 471.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.30 471.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.65 471.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.00 471.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.65 471.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.30 471.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.65 471.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 450.45 Td (Income tax expense consists of the following for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.89 450.45 Td (nine month periods ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.48 450.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.98 450.45 Td (September30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.24 450.45 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.68 450.45 Td (September30, 201) Tj ET Q q 0 0 0 rg BT 542.57 450.45 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.57 450.45 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 427.95 420.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 427.95 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 427.95 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 403.95 420.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 403.95 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 403.95 45.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 439.95 m 515.5 439.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 427.95 m 515.5 427.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 439.95 m 560.5 439.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 427.95 m 560.5 427.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 427.95 m 515.5 427.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 427.95 m 560.5 427.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 403.95 m 515.5 403.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 403.95 m 560.5 403.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 403.95 m 515.5 403.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 392.95 m 515.5 392.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 390.95 m 515.5 390.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 403.95 m 560.5 403.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 392.95 m 560.5 392.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 390.95 m 560.5 390.95 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 482.50 430.68 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 527.50 430.68 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 418.57 Td (Current tax expense/\(benefit\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.00 418.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.65 418.57 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.00 418.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 546.65 418.57 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 406.57 Td (Deferred tax \(benefit\)/expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.65 406.57 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 546.65 406.57 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 394.57 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.00 394.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.65 394.57 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.00 394.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 546.65 394.57 Td () Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 375.45 Td (Upon ) Tj ET Q q 0 0 0 rg BT 74.22 375.45 Td (the ) Tj ET Q q 0 0 0 rg BT 88.44 375.45 Td (transaction ) Tj ET Q q 0 0 0 rg BT 134.31 375.45 Td (forming ) Tj ET Q q 0 0 0 rg BT 168.09 375.45 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 191.20 375.45 Td (on ) Tj ET Q q 0 0 0 rg BT 203.20 375.45 Td (December ) Tj ET Q q 0 0 0 rg BT 246.28 375.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 260.79 375.45 Td (2010, ) Tj ET Q q 0 0 0 rg BT 285.29 375.45 Td (a ) Tj ET Q q 0 0 0 rg BT 291.73 375.45 Td (yearly ) Tj ET Q q 0 0 0 rg BT 318.71 375.45 Td (limitation ) Tj ET Q q 0 0 0 rg BT 359.60 375.45 Td (as ) Tj ET Q q 0 0 0 rg BT 369.93 375.45 Td (required ) Tj ET Q q 0 0 0 rg BT 405.25 375.45 Td (by ) Tj ET Q q 0 0 0 rg BT 417.25 375.45 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 437.03 375.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 451.25 375.45 Td (law ) Tj ET Q q 0 0 0 rg BT 467.69 375.45 Td (Section ) Tj ET Q q 0 0 0 rg BT 499.69 375.45 Td (382 ) Tj ET Q q 0 0 0 rg BT 516.69 375.45 Td (that ) Tj ET Q q 0 0 0 rg BT 533.68 375.45 Td (applies ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 363.45 Td (to ) Tj ET Q q 0 0 0 rg BT 61.33 363.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 97.10 363.45 Td (in ) Tj ET Q q 0 0 0 rg BT 108.43 363.45 Td (ownership ) Tj ET Q q 0 0 0 rg BT 153.65 363.45 Td (on ) Tj ET Q q 0 0 0 rg BT 167.20 363.45 Td (the ) Tj ET Q q 0 0 0 rg BT 182.98 363.45 Td (future ) Tj ET Q q 0 0 0 rg BT 210.41 363.45 Td (utilization ) Tj ET Q q 0 0 0 rg BT 254.51 363.45 Td (of ) Tj ET Q q 0 0 0 rg BT 265.61 363.45 Td (Atlas) Tj ET Q q 0 0 0 rg BT 289.31 363.45 Td ( ) Tj ET Q q 0 0 0 rg BT 292.87 363.45 Td (net ) Tj ET Q q 0 0 0 rg BT 308.64 363.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 349.96 363.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 369.08 363.45 Td (carry-forwards ) Tj ET Q q 0 0 0 rg BT 432.04 363.45 Td (was ) Tj ET Q q 0 0 0 rg BT 451.15 363.45 Td (calculated. ) Tj ET Q q 0 0 0 rg BT 497.73 363.45 Td ( ) Tj ET Q q 0 0 0 rg BT 501.29 363.45 Td ( ) Tj ET Q q 0 0 0 rg BT 504.59 363.45 Td (The ) Tj ET Q q 0 0 0 rg BT 523.69 363.45 Td (insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 351.45 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 99.80 351.45 Td ( ) Tj ET Q q 0 0 0 rg BT 102.39 351.45 Td (prior ) Tj ET Q q 0 0 0 rg BT 124.42 351.45 Td (parent ) Tj ET Q q 0 0 0 rg BT 151.99 351.45 Td (retained ) Tj ET Q q 0 0 0 rg BT 186.78 351.45 Td (those ) Tj ET Q q 0 0 0 rg BT 210.48 351.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 225.28 351.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 251.20 351.45 Td (previously ) Tj ET Q q 0 0 0 rg BT 296.01 351.45 Td (attributed ) Tj ET Q q 0 0 0 rg BT 336.91 351.45 Td (to ) Tj ET Q q 0 0 0 rg BT 347.28 351.45 Td (the ) Tj ET Q q 0 0 0 rg BT 362.08 351.45 Td (insurance ) Tj ET Q q 0 0 0 rg BT 402.99 351.45 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 452.79 351.45 Td (which ) Tj ET Q q 0 0 0 rg BT 479.82 351.45 Td (could ) Tj ET Q q 0 0 0 rg BT 504.62 351.45 Td (not ) Tj ET Q q 0 0 0 rg BT 519.99 351.45 Td (be ) Tj ET Q q 0 0 0 rg BT 532.02 351.45 Td (utilized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 339.45 Td (by ) Tj ET Q q 0 0 0 rg BT 62.27 339.45 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 86.28 339.45 Td (as ) Tj ET Q q 0 0 0 rg BT 97.52 339.45 Td (a ) Tj ET Q q 0 0 0 rg BT 104.87 339.45 Td (result ) Tj ET Q q 0 0 0 rg BT 129.99 339.45 Td (of ) Tj ET Q q 0 0 0 rg BT 141.23 339.45 Td (this ) Tj ET Q q 0 0 0 rg BT 158.58 339.45 Td (limitation. ) Tj ET Q q 0 0 0 rg BT 202.88 339.45 Td ( ) Tj ET Q q 0 0 0 rg BT 205.15 339.45 Td (As ) Tj ET Q q 0 0 0 rg BT 219.17 339.45 Td (a ) Tj ET Q q 0 0 0 rg BT 226.51 339.45 Td (result, ) Tj ET Q q 0 0 0 rg BT 253.50 339.45 Td (Atlas) Tj ET Q q 0 0 0 rg BT 277.19 339.45 Td ( ) Tj ET Q q 0 0 0 rg BT 280.10 339.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 308.56 339.45 Td (to ) Tj ET Q q 0 0 0 rg BT 319.24 339.45 Td (recognize ) Tj ET Q q 0 0 0 rg BT 361.01 339.45 Td (future ) Tj ET Q q 0 0 0 rg BT 387.80 339.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 402.92 339.45 Td (benefits ) Tj ET Q q 0 0 0 rg BT 437.49 339.45 Td (associated ) Tj ET Q q 0 0 0 rg BT 481.49 339.45 Td (with ) Tj ET Q q 0 0 0 rg BT 502.17 339.45 Td (a ) Tj ET Q q 0 0 0 rg BT 509.52 339.45 Td (portion ) Tj ET Q q 0 0 0 rg BT 541.31 339.45 Td (of ) Tj ET Q q 0 0 0 rg BT 552.55 339.45 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 327.45 Td (deferred ) Tj ET Q q 0 0 0 rg BT 86.33 327.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 101.57 327.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 127.92 327.45 Td (generated ) Tj ET Q q 0 0 0 rg BT 169.81 327.45 Td (during ) Tj ET Q q 0 0 0 rg BT 198.94 327.45 Td (prior ) Tj ET Q q 0 0 0 rg BT 221.41 327.45 Td (years ) Tj ET Q q 0 0 0 rg BT 245.53 327.45 Td (and ) Tj ET Q q 0 0 0 rg BT 262.99 327.45 Td (the ) Tj ET Q q 0 0 0 rg BT 278.23 327.45 Td (current ) Tj ET Q q 0 0 0 rg BT 309.57 327.45 Td (year ) Tj ET Q q 0 0 0 rg BT 329.80 327.45 Td (have ) Tj ET Q q 0 0 0 rg BT 351.70 327.45 Td (been ) Tj ET Q q 0 0 0 rg BT 373.60 327.45 Td (permanently ) Tj ET Q q 0 0 0 rg BT 426.61 327.45 Td (limited ) Tj ET Q q 0 0 0 rg BT 457.96 327.45 Td (to ) Tj ET Q q 0 0 0 rg BT 468.76 327.45 Td (the ) Tj ET Q q 0 0 0 rg BT 484.00 327.45 Td (amount ) Tj ET Q q 0 0 0 rg BT 517.02 327.45 Td (determined ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 315.45 Td (under ) Tj ET Q q 0 0 0 rg BT 74.68 315.45 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 94.38 315.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 108.51 315.45 Td (law ) Tj ET Q q 0 0 0 rg BT 124.86 315.45 Td (Section ) Tj ET Q q 0 0 0 rg BT 156.77 315.45 Td (382. ) Tj ET Q q 0 0 0 rg BT 176.05 315.45 Td (The ) Tj ET Q q 0 0 0 rg BT 193.51 315.45 Td (result ) Tj ET Q q 0 0 0 rg BT 217.64 315.45 Td (is ) Tj ET Q q 0 0 0 rg BT 226.22 315.45 Td (a ) Tj ET Q q 0 0 0 rg BT 232.58 315.45 Td (maximum ) Tj ET Q q 0 0 0 rg BT 275.04 315.45 Td (expected ) Tj ET Q q 0 0 0 rg BT 312.49 315.45 Td (net ) Tj ET Q q 0 0 0 rg BT 326.62 315.45 Td (deferred ) Tj ET Q q 0 0 0 rg BT 361.84 315.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 375.97 315.45 Td (asset ) Tj ET Q q 0 0 0 rg BT 397.32 315.45 Td (which ) Tj ET Q q 0 0 0 rg BT 423.25 315.45 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 446.28 315.45 Td (has ) Tj ET Q q 0 0 0 rg BT 461.52 315.45 Td (available ) Tj ET Q q 0 0 0 rg BT 499.52 315.45 Td (after ) Tj ET Q q 0 0 0 rg BT 519.75 315.45 Td (the ) Tj ET Q q 0 0 0 rg BT 533.88 315.45 Td (mer) Tj ET Q q 0 0 0 rg BT 549.25 315.45 Td (ger ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 303.45 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 303.45 Td (is ) Tj ET Q q 0 0 0 rg BT 86.11 303.45 Td (believed ) Tj ET Q q 0 0 0 rg BT 122.48 303.45 Td (more-likely-than-not ) Tj ET Q q 0 0 0 rg BT 208.29 303.45 Td (to ) Tj ET Q q 0 0 0 rg BT 218.56 303.45 Td (be ) Tj ET Q q 0 0 0 rg BT 230.50 303.45 Td (utilized ) Tj ET Q q 0 0 0 rg BT 262.99 303.45 Td (in ) Tj ET Q q 0 0 0 rg BT 273.27 303.45 Td (the ) Tj ET Q q 0 0 0 rg BT 287.99 303.45 Td (future, ) Tj ET Q q 0 0 0 rg BT 316.87 303.45 Td (after ) Tj ET Q q 0 0 0 rg BT 337.68 303.45 Td (consideration ) Tj ET Q q 0 0 0 rg BT 394.05 303.45 Td (of ) Tj ET Q q 0 0 0 rg BT 404.88 303.45 Td (valuation ) Tj ET Q q 0 0 0 rg BT 444.59 303.45 Td (allowance. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.45 Td (The ) Tj ET Q q 0 0 0 rg BT 67.19 286.45 Td (components ) Tj ET Q q 0 0 0 rg BT 117.16 286.45 Td (of ) Tj ET Q q 0 0 0 rg BT 127.13 286.45 Td (deferred ) Tj ET Q q 0 0 0 rg BT 162.08 286.45 Td (income ) Tj ET Q q 0 0 0 rg BT 193.15 286.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 207.01 286.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 231.98 286.45 Td (and ) Tj ET Q q 0 0 0 rg BT 248.06 286.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 286.92 286.45 Td (as ) Tj ET Q q 0 0 0 rg BT 296.89 286.45 Td (of ) Tj ET Q q 0 0 0 rg BT 306.87 286.45 Td (June30, ) Tj ET Q q 0 0 0 rg BT 341.84 286.45 Td (2012 ) Tj ET Q q 0 0 0 rg BT 363.48 286.45 Td (and ) Tj ET Q q 0 0 0 rg BT 379.56 286.45 Td (December ) Tj ET Q q 0 0 0 rg BT 422.29 286.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 436.43 286.45 Td (201) Tj ET Q q 0 0 0 rg BT 451.06 286.45 Td (1 ) Tj ET Q q 0 0 0 rg BT 457.70 286.45 Td (are ) Tj ET Q q 0 0 0 rg BT 471.55 286.45 Td (as ) Tj ET Q q 0 0 0 rg BT 481.52 286.45 Td (follows ) Tj ET Q q 0 0 0 rg BT 513.16 286.45 Td (\(all ) Tj ET Q q 0 0 0 rg BT 528.13 286.45 Td (amounts ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.45 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 274.45 Td ('000s\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 232.95 368.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 232.95 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 232.95 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 208.95 368.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 208.95 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 208.95 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 184.95 368.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 184.95 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 184.95 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 160.95 368.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 160.95 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 160.95 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 136.95 368.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 136.95 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 136.95 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 112.95 368.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 112.95 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 112.95 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 88.95 368.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 88.95 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 88.95 72.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 258.95000000000005 m 490.5 258.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 232.95000000000005 m 490.5 232.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 258.95000000000005 m 562.5 258.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 232.95000000000005 m 562.5 232.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 232.95000000000005 m 490.5 232.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 232.95000000000005 m 562.5 232.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 160.95000000000005 m 490.5 160.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 160.95000000000005 m 562.5 160.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 160.95000000000005 m 490.5 160.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 149.95000000000005 m 490.5 149.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 147.95000000000005 m 490.5 147.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 160.95000000000005 m 562.5 160.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 149.95000000000005 m 562.5 149.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 147.95000000000005 m 562.5 147.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 147.95000000000005 m 490.5 147.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 149.95000000000005 m 490.5 149.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 147.95000000000005 m 562.5 147.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 149.95000000000005 m 562.5 149.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 88.95000000000005 m 490.5 88.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 88.95000000000005 m 562.5 88.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 88.95000000000005 m 490.5 88.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 76.95000000000005 m 490.5 76.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 88.95000000000005 m 562.5 88.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 76.95000000000005 m 562.5 76.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 76.95000000000005 m 490.5 76.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 65.95000000000005 m 490.5 65.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 63.950000000000045 m 490.5 63.950000000000045 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 76.95000000000005 m 562.5 76.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 65.95000000000005 m 562.5 65.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 63.950000000000045 m 562.5 63.950000000000045 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 423.50 247.63 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.00 237.63 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 496.90 247.63 Td (December 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 516.25 237.63 Td (2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 223.68 Td (Deferred tax assets:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 211.57 Td (Unpaid claims and unearned premiums) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.00 211.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 211.57 Td (3,471) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 211.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 211.57 Td (3,004) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 199.57 Td (Loss carry-forwards) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 199.57 Td (15,880) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 199.57 Td (15,558) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 187.57 Td (Bad debts) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.65 187.57 Td (131) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 187.57 Td 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Tf ET q 0 0 0 rg BT 142.00 657.22 Td (2008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.00 657.22 Td (2028) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.15 657.22 Td (1,949) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.00 645.22 Td (2009) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.00 645.22 Td (2029) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.15 645.22 Td (1,949) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.00 633.22 Td (2010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.00 633.22 Td (2030) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.15 633.22 Td (1,949) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.00 621.22 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.00 621.22 Td (2031) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.15 621.22 Td (7,762) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.00 609.22 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.00 609.22 Td (2032) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.15 609.22 Td (1,074) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 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0 0 rg BT 232.16 566.10 Td (December ) Tj ET Q q 0 0 0 rg BT 275.75 566.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 290.75 566.10 Td (201) Tj ET Q q 0 0 0 rg BT 305.38 566.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.38 566.10 Td (, ) Tj ET Q q 0 0 0 rg BT 315.38 566.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 363.04 566.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 549.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 74.20 549.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 112.28 549.10 Td (for ) Tj ET Q q 0 0 0 rg BT 127.03 549.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 167.33 549.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 182.64 549.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 221.85 549.10 Td (in ) Tj ET Q q 0 0 0 rg BT 232.72 549.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 280.78 549.10 Td (with ) Tj ET Q q 0 0 0 rg BT 301.65 549.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.96 549.10 Td (income ) Tj ET Q q 0 0 0 rg BT 349.48 549.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 373.13 549.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 420.09 549.10 Td (guidance. ) Tj ET Q q 0 0 0 rg BT 461.09 549.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 485.30 549.10 Td (has ) Tj ET Q q 0 0 0 rg BT 501.72 549.10 Td (analyzed ) Tj ET Q q 0 0 0 rg BT 540.35 549.10 Td (filing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 537.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 87.67 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497.07 501.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 512.05 501.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 546.47 501.10 Td (as ) Tj ET Q q 0 0 0 rg BT 557.56 501.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 489.10 Td (component ) Tj ET Q q 0 0 0 rg BT 97.01 489.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.91 489.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.70 489.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 163.05 489.10 Td (for ) Tj ET Q q 0 0 0 rg BT 177.28 489.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 207.61 489.10 Td (income ) Tj ET Q q 0 0 0 rg BT 239.61 489.10 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 264.66 489.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 288.34 489.10 Td (did ) Tj ET Q q 0 0 0 rg BT 303.69 489.10 Td (not ) Tj ET Q q 0 0 0 rg BT 319.05 489.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 342.16 489.10 Td (any ) Tj ET Q q 0 0 0 rg BT 359.18 489.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 389.50 489.10 Td (income ) Tj ET Q q 0 0 0 rg BT 421.51 489.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 436.30 489.10 Td (related ) Tj ET Q q 0 0 0 rg BT 466.07 489.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 498.08 489.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 532.58 489.10 Td (interest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 477.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 84.92 477.10 Td (or ) Tj ET Q q 0 0 0 rg BT 95.97 477.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 134.23 477.10 Td (for ) Tj ET Q q 0 0 0 rg BT 148.61 477.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.54 477.10 Td (three ) Tj ET Q q 0 0 0 rg BT 186.25 477.10 Td (month ) Tj ET Q q 0 0 0 rg BT 214.52 477.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 246.67 477.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 273.27 477.10 Td (September ) Tj ET Q q 0 0 0 rg BT 318.75 477.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 333.97 477.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 356.68 477.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.84 477.10 Td (201) Tj ET Q q 0 0 0 rg BT 388.47 477.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.47 477.10 Td (. ) Tj ET Q q 0 0 0 rg BT 398.49 477.10 Td (T) Tj ET Q q 0 0 0 rg BT 403.90 477.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 416.06 477.10 Td (years ) Tj ET Q q 0 0 0 rg BT 439.87 477.10 Td (2006 ) Tj ET Q q 0 0 0 rg BT 462.59 477.10 Td (through ) Tj ET Q q 0 0 0 rg BT 496.42 477.10 Td (201) Tj ET Q q 0 0 0 rg BT 511.04 477.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 518.76 477.10 Td (are ) Tj ET Q q 0 0 0 rg BT 533.69 477.10 Td (subject ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 465.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 465.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 112.21 465.10 Td (by ) Tj ET Q q 0 0 0 rg BT 124.71 465.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.42 465.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 173.02 465.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 210.50 465.10 Td (Service.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 444.25 Td (8. ) Tj ET Q q 0 0 0 rg BT 77.45 444.25 Td (ASSETS HELD FOR SALE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 427.25 Td (On ) Tj ET Q q 0 0 0 rg BT 65.02 427.25 Td (May ) Tj ET Q q 0 0 0 rg BT 86.16 427.25 Td (22, ) Tj ET Q q 0 0 0 rg BT 101.46 427.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 126.14 427.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 150.06 427.25 Td (closed ) Tj ET Q q 0 0 0 rg BT 178.40 427.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.42 427.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 211.77 427.25 Td (of ) Tj ET Q q 0 0 0 rg BT 222.91 427.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.93 427.25 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 291.81 427.25 Td (building ) Tj ET Q q 0 0 0 rg BT 327.95 427.25 Td (to ) Tj ET Q q 0 0 0 rg BT 338.53 427.25 Td (150 ) Tj ET Q q 0 0 0 rg BT 356.33 427.25 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 400.80 427.25 Td (Point, ) Tj ET Q q 0 0 0 rg BT 427.22 427.25 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 451.41 427.25 Td (a ) Tj ET Q q 0 0 0 rg BT 458.65 427.25 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 499.76 427.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 530.89 427.25 Td (liability ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 415.25 Td (company) Tj ET Q q 0 0 0 rg BT 86.01 415.25 Td (. ) Tj ET Q q 0 0 0 rg BT 90.12 415.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 113.31 415.25 Td (also ) Tj ET Q q 0 0 0 rg BT 131.49 415.25 Td (leased ) Tj ET Q q 0 0 0 rg BT 158.56 415.25 Td (back ) Tj ET Q q 0 0 0 rg BT 179.51 415.25 Td (one ) Tj ET Q q 0 0 0 rg BT 196.02 415.25 Td (floor ) Tj ET Q q 0 0 0 rg BT 217.54 415.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.95 415.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.24 415.25 Td (building ) Tj ET Q q 0 0 0 rg BT 277.65 415.25 Td (after ) Tj ET Q q 0 0 0 rg BT 298.04 415.25 Td (the ) Tj ET Q q 0 0 0 rg BT 312.34 415.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 329.96 415.25 Td (for ) Tj ET Q q 0 0 0 rg BT 343.70 415.25 Td (a ) Tj ET Q q 0 0 0 rg BT 350.21 415.25 Td (5 ) Tj ET Q q 0 0 0 rg BT 357.29 415.25 Td (year ) Tj ET Q q 0 0 0 rg BT 376.57 415.25 Td (term. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.02 415.25 Td (As ) Tj ET Q q 0 0 0 rg BT 412.21 415.25 Td (of ) Tj ET Q q 0 0 0 rg BT 422.61 415.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.91 415.25 Td (year ) Tj ET Q q 0 0 0 rg BT 456.19 415.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 482.14 415.25 Td (December ) Tj ET Q q 0 0 0 rg BT 525.30 415.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 539.88 415.25 Td (201) Tj ET Q q 0 0 0 rg BT 554.51 415.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.51 415.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 403.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 403.25 Td (property ) Tj ET Q q 0 0 0 rg BT 101.09 403.25 Td (was ) Tj ET Q q 0 0 0 rg BT 119.15 403.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 156.62 403.25 Td (as ) Tj ET Q q 0 0 0 rg BT 167.45 403.25 Td (a ) Tj ET Q q 0 0 0 rg BT 174.39 403.25 Td (component ) Tj ET Q q 0 0 0 rg BT 221.32 403.25 Td (of ) Tj ET Q q 0 0 0 rg BT 232.15 403.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 257.98 403.25 Td (held ) Tj ET Q q 0 0 0 rg BT 277.70 403.25 Td (for ) Tj ET Q q 0 0 0 rg BT 291.86 403.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 309.91 403.25 Td (on ) Tj ET Q q 0 0 0 rg BT 321.86 403.25 Td (Atlas' ) Tj ET Q q 0 0 0 rg BT 347.27 403.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 388.09 403.25 Td (of ) Tj ET Q q 0 0 0 rg BT 398.92 403.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 436.40 403.25 Td (position. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 386.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.17 386.25 Td (total ) Tj ET Q q 0 0 0 rg BT 88.56 386.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 110.62 386.25 Td (price ) Tj ET Q q 0 0 0 rg BT 133.22 386.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.17 386.25 Td (the ) Tj ET Q q 0 0 0 rg BT 159.01 386.25 Td (property) Tj ET Q q 0 0 0 rg BT 192.24 386.25 Td (, ) Tj ET Q q 0 0 0 rg BT 197.36 386.25 Td (which ) Tj ET Q q 0 0 0 rg BT 224.41 386.25 Td (was ) Tj ET Q q 0 0 0 rg BT 242.59 386.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 262.42 386.25 Td (in ) Tj ET Q q 0 0 0 rg BT 272.82 386.25 Td (cash, ) Tj ET Q q 0 0 0 rg BT 295.71 386.25 Td (amounted ) Tj ET Q q 0 0 0 rg BT 337.76 386.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.16 386.25 Td ($14.0 ) Tj ET Q q 0 0 0 rg BT 373.28 386.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.17 386.25 Td (, ) Tj ET Q q 0 0 0 rg BT 407.29 386.25 Td (less ) Tj ET Q q 0 0 0 rg BT 424.91 386.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 456.42 386.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 479.04 386.25 Td (and ) Tj ET Q q 0 0 0 rg BT 496.09 386.25 Td (related ) Tj ET Q q 0 0 0 rg BT 525.92 386.25 Td (expenses ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 374.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.36 374.25 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.16 374.25 Td ($633) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.16 374.25 Td (,000. ) Tj ET Q q 0 0 0 rg BT 165.19 374.25 Td (In ) Tj ET Q q 0 0 0 rg BT 176.56 374.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 223.46 374.25 Td (with ) Tj ET Q q 0 0 0 rg BT 244.28 374.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.53 374.25 Td (sale, ) Tj ET Q q 0 0 0 rg BT 280.61 374.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.86 374.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 337.78 374.25 Td (also ) Tj ET Q q 0 0 0 rg BT 356.93 374.25 Td (wrote ) Tj ET Q q 0 0 0 rg BT 382.73 374.25 Td (down ) Tj ET Q q 0 0 0 rg BT 407.99 374.25 Td (an ) Tj ET Q q 0 0 0 rg BT 420.46 374.25 Td (accrual ) Tj ET Q q 0 0 0 rg BT 452.36 374.25 Td (of ) Tj ET Q q 0 0 0 rg BT 463.72 374.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 524.51 374.25 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.51 374.25 Td (792) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.51 374.25 Td (,000 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 362.25 Td (held ) Tj ET Q q 0 0 0 rg BT 69.72 362.25 Td (for ) Tj ET Q q 0 0 0 rg BT 83.88 362.25 Td (real-estate ) Tj ET Q q 0 0 0 rg BT 127.46 362.25 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 152.45 362.25 Td (Approximately ) Tj ET Q q 0 0 0 rg BT 215.49 362.25 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.49 362.25 Td (830) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.49 362.25 Td (,000 ) Tj ET Q q 0 0 0 rg BT 255.49 362.25 Td (of ) Tj ET Q q 0 0 0 rg BT 266.32 362.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.04 362.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 302.98 362.25 Td (price ) Tj ET Q q 0 0 0 rg BT 325.46 362.25 Td (was ) Tj ET Q q 0 0 0 rg BT 343.52 362.25 Td (held ) Tj ET Q q 0 0 0 rg BT 363.23 362.25 Td (in ) Tj ET Q q 0 0 0 rg BT 373.51 362.25 Td (escrow ) Tj ET Q q 0 0 0 rg BT 404.33 362.25 Td (for ) Tj ET Q q 0 0 0 rg BT 418.49 362.25 Td (real-estate ) Tj ET Q q 0 0 0 rg BT 462.07 362.25 Td (taxes. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 345.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 73.32 345.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 119.39 345.25 Td (a ) Tj ET Q q 0 0 0 rg BT 126.04 345.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 145.46 345.25 Td (on ) Tj ET Q q 0 0 0 rg BT 157.67 345.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.10 345.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 189.86 345.25 Td (of ) Tj ET Q q 0 0 0 rg BT 200.40 345.25 Td (the ) Tj ET Q q 0 0 0 rg BT 214.82 345.25 Td (property ) Tj ET Q q 0 0 0 rg BT 250.91 345.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.45 345.25 Td ($213) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.45 345.25 Td (,000, ) Tj ET Q q 0 0 0 rg BT 303.66 345.25 Td (which ) Tj ET Q q 0 0 0 rg BT 330.31 345.25 Td (will ) Tj ET Q q 0 0 0 rg BT 348.07 345.25 Td (be ) Tj ET Q q 0 0 0 rg BT 359.72 345.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 395.23 345.25 Td (and ) Tj ET Q q 0 0 0 rg BT 411.88 345.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 457.95 345.25 Td (over ) Tj ET Q q 0 0 0 rg BT 477.93 345.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.36 345.25 Td (5 ) Tj ET Q q 0 0 0 rg BT 499.57 345.25 Td (year ) Tj ET Q q 0 0 0 rg BT 518.98 345.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 541.18 345.25 Td (term. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 333.25 Td (In ) Tj ET Q q 0 0 0 rg BT 60.83 333.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.55 333.25 Td (three ) Tj ET Q q 0 0 0 rg BT 98.03 333.25 Td (month ) Tj ET Q q 0 0 0 rg BT 126.09 333.25 Td (period ) Tj ET Q q 0 0 0 rg BT 154.14 333.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 180.51 333.25 Td (September ) Tj ET Q q 0 0 0 rg BT 225.78 333.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 240.78 333.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.78 333.25 Td (, ) Tj ET Q q 0 0 0 rg BT 265.22 333.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 288.83 333.25 Td (recognized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.20 333.25 Td ($5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.20 333.25 Td (,000 ) Tj ET Q q 0 0 0 rg BT 365.20 333.25 Td (as ) Tj ET Q q 0 0 0 rg BT 376.03 333.25 Td (income.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (There ) Tj ET Q q 0 0 0 rg BT 76.03 316.25 Td (are ) Tj ET Q q 0 0 0 rg BT 90.96 316.25 Td (two ) Tj ET Q q 0 0 0 rg BT 108.67 316.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 151.38 316.25 Td (located ) Tj ET Q q 0 0 0 rg BT 182.97 316.25 Td (in ) Tj ET Q q 0 0 0 rg BT 192.86 316.25 Td (Alabama ) Tj ET Q q 0 0 0 rg BT 231.67 316.25 Td (which ) Tj ET Q q 0 0 0 rg BT 258.83 316.25 Td (remain ) Tj ET Q q 0 0 0 rg BT 289.31 316.25 Td (for ) Tj ET Q q 0 0 0 rg BT 303.69 316.25 Td (sale. ) Tj ET Q q 0 0 0 rg BT 324.26 316.25 Td (These ) Tj ET Q q 0 0 0 rg BT 350.85 316.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 393.55 316.25 Td (are ) Tj ET Q q 0 0 0 rg BT 408.48 316.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 432.86 316.25 Td (for ) Tj ET Q q 0 0 0 rg BT 447.24 316.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 483.84 316.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 514.31 316.25 Td (than ) Tj ET Q q 0 0 0 rg BT 534.25 316.25 Td (carried ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (values. ) Tj ET Q q 0 0 0 rg BT 79.92 304.25 Td (Both ) Tj ET Q q 0 0 0 rg BT 101.24 304.25 Td (were ) Tj ET Q q 0 0 0 rg BT 122.53 304.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 147.73 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.93 304.25 Td (Southern ) Tj ET Q q 0 0 0 rg BT 195.91 304.25 Td (United ) Tj ET Q q 0 0 0 rg BT 225.00 304.25 Td (Fire ) Tj ET Q q 0 0 0 rg BT 242.98 304.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 283.72 304.25 Td (Company) Tj ET Q q 0 0 0 rg BT 321.95 304.25 Td (, ) Tj ET Q q 0 0 0 rg BT 326.32 304.25 Td (which ) Tj ET Q q 0 0 0 rg BT 352.63 304.25 Td (was ) Tj ET Q q 0 0 0 rg BT 370.05 304.25 Td (mer) Tj ET Q q 0 0 0 rg BT 385.42 304.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 401.73 304.25 Td (into ) Tj ET Q q 0 0 0 rg BT 418.74 304.25 Td (American ) Tj ET Q q 0 0 0 rg BT 460.04 304.25 Td (Service ) Tj ET Q q 0 0 0 rg BT 491.89 304.25 Td (in ) Tj ET Q q 0 0 0 rg BT 501.54 304.25 Td (February ) Tj ET Q q 0 0 0 rg BT 539.51 304.25 Td (2010.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 283.25 Td (9. UNDER) Tj ET Q q 0 0 0 rg BT 115.71 283.25 Td (WRITING POLICY) Tj ET Q q 0 0 0 rg BT 203.40 283.25 Td ( ) Tj ET Q q 0 0 0 rg BT 205.35 283.25 Td (AND REINSURANCE CEDED) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 266.25 Td (Underwriting ) Tj ET Q q 0 0 0 rg BT 111.22 266.25 Td (Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.67 266.25 Td ( ) Tj ET Q q 0 0 0 rg BT 133.56 266.25 Td (- ) Tj ET Q q 0 0 0 rg BT 139.78 266.25 Td (Underwriting ) Tj ET Q q 0 0 0 rg BT 196.54 266.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 214.43 266.25 Td (is ) Tj ET Q q 0 0 0 rg BT 223.99 266.25 Td (the ) Tj ET Q q 0 0 0 rg BT 239.09 266.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 256.98 266.25 Td (that ) Tj ET Q q 0 0 0 rg BT 274.87 266.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.97 266.25 Td (total ) Tj ET Q q 0 0 0 rg BT 310.63 266.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 329.63 266.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.85 266.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 369.84 266.25 Td (and ) Tj ET Q q 0 0 0 rg BT 387.17 266.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 433.94 266.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 472.92 266.25 Td (will ) Tj ET Q q 0 0 0 rg BT 491.37 266.25 Td (exceed ) Tj ET Q q 0 0 0 rg BT 522.01 266.25 Td (premiums ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 254.25 Td (received ) Tj ET Q q 0 0 0 rg BT 86.40 254.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.37 254.25 Td (can ) Tj ET Q q 0 0 0 rg BT 119.78 254.25 Td (arise ) Tj ET Q q 0 0 0 rg BT 141.19 254.25 Td (from ) Tj ET Q q 0 0 0 rg BT 163.16 254.25 Td (numerous ) Tj ET Q q 0 0 0 rg BT 205.13 254.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 237.37 254.25 Td (including ) Tj ET Q q 0 0 0 rg BT 277.68 254.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 308.54 254.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 328.57 254.25 Td (reserving ) Tj ET Q q 0 0 0 rg BT 368.31 254.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 388.34 254.25 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 439.19 254.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 457.28 254.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 477.31 254.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 525.93 254.25 Td (coverage ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 242.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 67.50 242.25 Td (and ) Tj ET Q q 0 0 0 rg BT 84.44 242.25 Td (that ) Tj ET Q q 0 0 0 rg BT 101.93 242.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 120.00 242.25 Td (and ) Tj ET Q q 0 0 0 rg BT 136.93 242.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 155.00 242.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 201.38 242.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 236.08 242.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 271.34 242.25 Td (are ) Tj ET Q q 0 0 0 rg BT 286.05 242.25 Td (not ) Tj ET Q q 0 0 0 rg BT 301.33 242.25 Td (suf) Tj ET Q q 0 0 0 rg BT 313.37 242.25 Td (ficient.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 225.25 Td (Reinsurance ) Tj ET Q q 0 0 0 rg BT 106.08 225.25 Td (Ceded) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.30 225.25 Td ( ) Tj ET Q q 0 0 0 rg BT 136.05 225.25 Td (- ) Tj ET Q q 0 0 0 rg BT 141.53 225.25 Td (As ) Tj ET Q q 0 0 0 rg BT 155.39 225.25 Td (is ) Tj ET Q q 0 0 0 rg BT 164.81 225.25 Td (customary ) Tj ET Q q 0 0 0 rg BT 209.22 225.25 Td (in ) Tj ET Q q 0 0 0 rg BT 219.75 225.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.72 225.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 275.79 225.25 Td (industry) Tj ET Q q 0 0 0 rg BT 307.92 225.25 Td (, ) Tj ET Q q 0 0 0 rg BT 312.56 225.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 336.42 225.25 Td (reinsures ) Tj ET Q q 0 0 0 rg BT 375.27 225.25 Td (portions ) Tj ET Q q 0 0 0 rg BT 410.80 225.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.88 225.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 451.83 225.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 492.90 225.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 526.76 225.25 Td (it ) Tj ET Q q 0 0 0 rg BT 535.06 225.25 Td (writes, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 213.25 Td (thereby ) Tj ET Q q 0 0 0 rg BT 82.01 213.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 122.92 213.25 Td (a ) Tj ET Q q 0 0 0 rg BT 129.38 213.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 159.15 213.25 Td (diversification ) Tj ET Q q 0 0 0 rg BT 218.93 213.25 Td (of ) Tj ET Q q 0 0 0 rg BT 229.28 213.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 246.30 213.25 Td (and ) Tj ET Q q 0 0 0 rg BT 262.76 213.25 Td (minimizing ) Tj ET Q q 0 0 0 rg BT 310.89 213.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 349.01 213.25 Td (on ) Tj ET Q q 0 0 0 rg BT 361.04 213.25 Td (lar) Tj ET Q q 0 0 0 rg BT 371.40 213.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 386.19 213.25 Td (risks. ) Tj ET Q q 0 0 0 rg BT 409.16 213.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 432.29 213.25 Td (remains ) Tj ET Q q 0 0 0 rg BT 465.96 213.25 Td (contingently ) Tj ET Q q 0 0 0 rg BT 517.98 213.25 Td (at ) Tj ET Q q 0 0 0 rg BT 527.21 213.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 544.24 213.25 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 201.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 81.01 201.25 Td (to ) Tj ET Q q 0 0 0 rg BT 91.48 201.25 Td (any ) Tj ET Q q 0 0 0 rg BT 108.61 201.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 157.38 201.25 Td (ceded ) Tj ET Q q 0 0 0 rg BT 183.39 201.25 Td (and ) Tj ET Q q 0 0 0 rg BT 200.52 201.25 Td (would ) Tj ET Q q 0 0 0 rg BT 228.21 201.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 251.45 201.25 Td (an ) Tj ET Q q 0 0 0 rg BT 263.58 201.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 306.26 201.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 324.52 201.25 Td (if ) Tj ET Q q 0 0 0 rg BT 333.32 201.25 Td (an ) Tj ET Q q 0 0 0 rg BT 345.45 201.25 Td (assuming ) Tj ET Q q 0 0 0 rg BT 385.92 201.25 Td (company ) Tj ET Q q 0 0 0 rg BT 425.27 201.25 Td (were ) Tj ET Q q 0 0 0 rg BT 447.39 201.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 476.73 201.25 Td (to ) Tj ET Q q 0 0 0 rg BT 487.20 201.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 509.33 201.25 Td (its ) Tj ET Q q 0 0 0 rg BT 521.47 201.25 Td (obligation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 189.25 Td (under ) Tj ET Q q 0 0 0 rg BT 75.27 189.25 Td (the ) Tj ET Q q 0 0 0 rg BT 89.99 189.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 138.57 189.25 Td (treaty) Tj ET Q q 0 0 0 rg BT 160.68 189.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 73.54 172.25 Td (monitors ) Tj ET Q q 0 0 0 rg BT 111.52 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.17 172.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 163.58 172.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 203.78 172.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.54 172.25 Td (its ) Tj ET Q q 0 0 0 rg BT 226.41 172.25 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 268.27 172.25 Td (to ) Tj ET Q q 0 0 0 rg BT 278.48 172.25 Td (minimize ) Tj ET Q q 0 0 0 rg BT 318.67 172.25 Td (its ) Tj ET Q q 0 0 0 rg BT 330.55 172.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 369.08 172.25 Td (to ) Tj ET Q q 0 0 0 rg BT 379.28 172.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 423.92 172.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 450.24 172.25 Td (from ) Tj ET Q q 0 0 0 rg BT 472.11 172.25 Td (reinsurer ) Tj ET Q q 0 0 0 rg BT 510.07 172.25 Td (insolvencies. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (Letters ) Tj ET Q q 0 0 0 rg BT 79.85 160.25 Td (of ) Tj ET Q q 0 0 0 rg BT 90.26 160.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 115.11 160.25 Td (are ) Tj ET Q q 0 0 0 rg BT 129.40 160.25 Td (maintained ) Tj ET Q q 0 0 0 rg BT 175.91 160.25 Td (for ) Tj ET Q q 0 0 0 rg BT 189.66 160.25 Td (any ) Tj ET Q q 0 0 0 rg BT 206.18 160.25 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 260.47 160.25 Td (reinsurer ) Tj ET Q q 0 0 0 rg BT 298.09 160.25 Td (to ) Tj ET Q q 0 0 0 rg BT 307.95 160.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 332.24 160.25 Td (ceded ) Tj ET Q q 0 0 0 rg BT 357.64 160.25 Td (unearned ) Tj ET Q q 0 0 0 rg BT 396.37 160.25 Td (premium, ) Tj ET Q q 0 0 0 rg BT 437.06 160.25 Td (ceded ) Tj ET Q q 0 0 0 rg BT 462.46 160.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 480.10 160.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 511.05 160.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 547.56 160.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (ceded ) Tj ET Q q 0 0 0 rg BT 76.12 148.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 96.14 148.25 Td (losses. ) Tj ET Q q 0 0 0 rg BT 125.13 148.25 Td (These ) Tj ET Q q 0 0 0 rg BT 151.81 148.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 185.71 148.25 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 221.28 148.25 Td (the ) Tj ET Q q 0 0 0 rg BT 236.30 148.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 254.10 148.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.23 148.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 290.80 148.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 321.37 148.25 Td (or ) Tj ET Q q 0 0 0 rg BT 332.51 148.25 Td (dispute ) Tj ET Q q 0 0 0 rg BT 364.19 148.25 Td (from ) Tj ET Q q 0 0 0 rg BT 386.43 148.25 Td (becoming ) Tj ET Q q 0 0 0 rg BT 428.67 148.25 Td (a ) Tj ET Q q 0 0 0 rg BT 435.91 148.25 Td (danger ) Tj ET Q q 0 0 0 rg BT 465.92 148.25 Td (to ) Tj ET Q q 0 0 0 rg BT 476.50 148.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 514.28 148.25 Td (strength. ) Tj ET Q q 0 0 0 rg BT 551.60 148.25 Td (T) Tj ET Q q 0 0 0 rg BT 557.01 148.25 Td (o ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 71.66 136.25 Td (the ) Tj ET Q q 0 0 0 rg BT 86.37 136.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 127.76 136.25 Td (has ) Tj ET Q q 0 0 0 rg BT 143.59 136.25 Td (not ) Tj ET Q q 0 0 0 rg BT 158.87 136.25 Td (experienced ) Tj ET Q q 0 0 0 rg BT 209.67 136.25 Td (any ) Tj ET Q q 0 0 0 rg BT 226.61 136.25 Td (material ) Tj ET Q q 0 0 0 rg BT 261.87 136.25 Td (dif) Tj ET Q q 0 0 0 rg BT 272.79 136.25 Td (ficulties ) Tj ET Q q 0 0 0 rg BT 307.50 136.25 Td (in ) Tj ET Q q 0 0 0 rg BT 317.78 136.25 Td (collecting ) Tj ET Q q 0 0 0 rg BT 359.71 136.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 408.30 136.25 Td (recoverables.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 119.25 Td (Gross ) Tj ET Q q 0 0 0 rg BT 76.71 119.25 Td (premiums ) Tj ET Q q 0 0 0 rg BT 120.07 119.25 Td (written ) Tj ET Q q 0 0 0 rg BT 151.77 119.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.58 119.25 Td (ceded ) Tj ET Q q 0 0 0 rg BT 196.27 119.25 Td (premiums, ) Tj ET Q q 0 0 0 rg BT 242.13 119.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 269.40 119.25 Td (and ) Tj ET Q q 0 0 0 rg BT 287.21 119.25 Td (commissions ) Tj ET Q q 0 0 0 rg BT 342.81 119.25 Td (as ) Tj ET Q q 0 0 0 rg BT 354.51 119.25 Td (of ) Tj ET Q q 0 0 0 rg BT 366.21 119.25 Td (and ) Tj ET Q q 0 0 0 rg BT 384.02 119.25 Td (for ) Tj ET Q q 0 0 0 rg BT 399.05 119.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.64 119.25 Td (three ) Tj ET Q q 0 0 0 rg BT 438.00 119.25 Td (and ) Tj ET Q q 0 0 0 rg BT 455.81 119.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 476.39 119.25 Td (month ) Tj ET Q q 0 0 0 rg BT 505.32 119.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 538.13 119.25 Td (ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.01 119.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 107.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 110.26 107.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.26 107.25 Td ( ) Tj ET Q q 0 0 0 rg BT 132.76 107.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.70 107.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 209.97 107.25 Td (201) Tj ET Q q 0 0 0 rg BT 224.59 107.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.59 107.25 Td ( ) Tj ET Q q 0 0 0 rg BT 232.09 107.25 Td (are ) Tj ET Q q 0 0 0 rg BT 246.80 107.25 Td (as ) Tj ET Q q 0 0 0 rg BT 257.63 107.25 Td (follows ) Tj ET Q q 0 0 0 rg BT 290.13 107.25 Td (\(all ) Tj ET Q q 0 0 0 rg BT 305.96 107.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 342.34 107.25 Td (in ) Tj ET Q q 0 0 0 rg BT 352.62 107.25 Td ('000s\):) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 29 0 obj <>] /Rotate 0 /Contents 30 0 R>> endobj 30 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (14) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 708.50 228.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 708.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 708.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 708.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 708.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 708.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 684.50 228.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 684.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 684.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 684.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 684.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 684.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 666.50 228.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 666.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 666.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 666.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 666.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 666.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 642.50 228.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 642.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 642.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 642.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 642.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 642.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 618.50 228.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 618.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 618.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 618.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 618.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 618.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 594.50 228.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.50 594.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 594.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 594.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 594.50 70.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 594.50 70.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 748.5 m 348.5 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 733.5 m 348.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 748.5 m 418.5 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 733.5 m 418.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 748.5 m 422.5 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 733.5 m 422.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 748.5 m 492.5 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 733.5 m 492.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 748.5 m 562.5 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 733.5 m 562.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 733.5 m 348.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 708.5 m 348.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 733.5 m 418.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 708.5 m 418.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 733.5 m 422.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 708.5 m 422.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 733.5 m 492.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 708.5 m 492.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 733.5 m 562.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 708.5 m 562.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 708.5 m 348.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 708.5 m 418.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 708.5 m 422.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 708.5 m 492.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 708.5 m 562.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 684.5 m 348.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 684.5 m 418.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 684.5 m 422.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 684.5 m 492.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 684.5 m 562.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278.5 684.5 m 348.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 684.5 m 418.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 684.5 m 422.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 684.5 m 492.5 684.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 287.10 738.18 Td (Three Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 433.75 738.18 Td (Nine Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 282.50 723.18 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 303.00 713.18 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 352.50 723.18 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 373.25 713.18 Td (2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 426.50 723.18 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 447.00 713.18 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 496.50 723.18 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 517.25 713.18 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 699.12 Td (Gross premiums written) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.00 699.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.15 699.12 Td (23,353) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.00 699.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.15 699.12 Td (10,928) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.00 699.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.15 699.12 Td (44,349) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.00 699.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 699.12 Td (32,950) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 687.12 Td (Ceded premiums written) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.15 687.12 Td (1,965) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.15 687.12 Td (1,418) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 687.12 Td (4,925) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 687.12 Td (4,624) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 675.12 Td (Net premiums written) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.15 675.12 Td (21,388) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.15 675.12 Td (9,510) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.15 675.12 Td (39,424) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 675.12 Td (28,326) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 657.12 Td (Ceded premiums earned) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.00 657.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.15 657.12 Td (1,707) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.00 657.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.15 657.12 Td (1,733) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.00 657.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 657.12 Td (4,920) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.00 657.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 657.12 Td (5,899) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 645.12 Td (Ceded losses and loss adjustment expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.30 645.12 Td (\(749) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.65 645.12 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.15 645.12 Td (1,760) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.65 645.12 Td (662) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 645.12 Td (3,862) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 633.12 Td (Ceded commissions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.65 633.12 Td (526) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.65 633.12 Td (496) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 633.12 Td (1,578) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 633.12 Td (1,856) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 609.12 Td (Ceded unpaid losses and loss adjustment expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.15 609.12 Td (6,595) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.15 609.12 Td (9,374) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 597.12 Td (Ceded unearned premiums) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.15 597.12 Td (2,219) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.15 597.12 Td (2,419) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 585.12 Td (Other amounts due from reinsurers) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.65 585.12 Td (388) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.65 585.12 Td (475) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 550.25 Td (10. UNP) Tj ET Q q 0 0 0 rg BT 105.31 550.25 Td (AID CLAIMS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 533.25 Td (Claims ) Tj ET Q q 0 0 0 rg BT 82.30 533.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 123.50 533.25 Td (- ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.13 533.25 Td (The ) Tj ET Q q 0 0 0 rg BT 146.98 533.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 181.49 533.25 Td (in ) Tj ET Q q 0 0 0 rg BT 191.57 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.09 533.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 246.17 533.25 Td (for ) Tj ET Q q 0 0 0 rg BT 260.13 533.25 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 289.65 533.25 Td (claims, ) Tj ET Q q 0 0 0 rg BT 320.55 533.25 Td (net ) Tj ET Q q 0 0 0 rg BT 335.07 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 345.71 533.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 381.89 533.25 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 430.83 533.25 Td (from ) Tj ET Q q 0 0 0 rg BT 452.57 533.25 Td (reinsurers, ) Tj ET Q q 0 0 0 rg BT 496.80 533.25 Td (for ) Tj ET Q q 0 0 0 rg BT 510.76 533.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.28 533.25 Td (three ) Tj ET Q q 0 0 0 rg BT 547.57 533.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 521.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 69.72 521.25 Td (month ) Tj ET Q q 0 0 0 rg BT 97.77 521.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 129.71 521.25 Td (ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.59 521.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.09 521.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 216.35 521.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.35 521.25 Td ( ) Tj ET Q q 0 0 0 rg BT 238.85 521.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.79 521.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 316.05 521.25 Td (201) Tj ET Q q 0 0 0 rg BT 330.68 521.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.68 521.25 Td ( ) Tj ET Q q 0 0 0 rg BT 338.18 521.25 Td (were ) Tj ET Q q 0 0 0 rg BT 360.11 521.25 Td (as ) Tj ET Q q 0 0 0 rg BT 370.94 521.25 Td (follows ) Tj ET Q q 0 0 0 rg BT 403.44 521.25 Td (\(all ) Tj ET Q q 0 0 0 rg BT 419.27 521.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 455.65 521.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.93 521.25 Td ('000s\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 464.75 205.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 464.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 464.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 464.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 464.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 464.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 464.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 440.75 205.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 440.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 440.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 440.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 440.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 440.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 440.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 416.75 205.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 416.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 416.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 416.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 416.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 416.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 416.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 392.75 205.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 392.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 392.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 392.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 392.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 392.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 392.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 368.75 205.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 368.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 368.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 368.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 368.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 368.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 368.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 344.75 205.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 344.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 344.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 344.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 344.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 344.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 344.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 327.75 205.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 327.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 327.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 327.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 327.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 327.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 327.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 303.75 205.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 303.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 303.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 303.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 303.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 303.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 303.75 72.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 464.75 m 332.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 464.75 m 404.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 464.75 m 481.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 464.75 m 327.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 464.75 m 332.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 464.75 m 404.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 464.75 m 476.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 464.75 m 481.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 464.75 m 553.5 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 440.75 m 327.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 440.75 m 332.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 440.75 m 404.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 440.75 m 476.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 440.75 m 481.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 440.75 m 553.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 440.75 m 327.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 440.75 m 332.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 440.75 m 404.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 440.75 m 476.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 440.75 m 481.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 440.75 m 553.5 440.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 392.75 m 327.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 392.75 m 332.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 392.75 m 404.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 392.75 m 476.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 392.75 m 481.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 392.75 m 553.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 392.75 m 327.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 392.75 m 332.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 392.75 m 404.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 392.75 m 476.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 392.75 m 481.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 392.75 m 553.5 392.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 344.75 m 327.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 344.75 m 332.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 344.75 m 404.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 344.75 m 476.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 344.75 m 481.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 344.75 m 553.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 344.75 m 327.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 344.75 m 332.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 344.75 m 404.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 344.75 m 476.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 344.75 m 481.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 344.75 m 553.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 303.75 m 327.5 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 303.75 m 332.5 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 303.75 m 404.5 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 303.75 m 476.5 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 303.75 m 481.5 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 303.75 m 553.5 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 303.75 m 327.5 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 292.75 m 327.5 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 290.75 m 327.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 303.75 m 332.5 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 292.75 m 332.5 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 290.75 m 332.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 303.75 m 404.5 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 292.75 m 404.5 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 290.75 m 404.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 303.75 m 476.5 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 292.75 m 476.5 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 290.75 m 476.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 303.75 m 481.5 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 292.75 m 481.5 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 290.75 m 481.5 290.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 303.75 m 553.5 303.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 292.75 m 553.5 292.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 290.75 m 553.5 290.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 268.60 495.43 Td (Three Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 420.25 495.43 Td (Nine Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 260.50 479.43 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 281.00 469.43 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 337.50 479.43 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 358.25 469.43 Td (2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 409.50 479.43 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 430.00 469.43 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 486.50 479.43 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 507.25 469.43 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 455.37 Td (Unpaid claims, beginning of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.00 455.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.15 455.37 Td (77,350) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.00 455.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.15 455.37 Td (112,011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.00 455.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 455.37 Td (91,643) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.00 455.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.15 455.37 Td (132,579) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 443.37 Td (Less: reinsurance recoverable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.15 443.37 Td (8,153) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 443.37 Td (1,968) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 443.37 Td (7,825) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.15 443.37 Td (6,477) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 431.37 Td (Net beginning unpaid claims reserves) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.15 431.37 Td (69,197) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.15 431.37 Td (104,043) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 431.37 Td (83,818) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.15 431.37 Td (126,102) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 419.37 Td (Incurred related to:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 407.37 Td (Current year) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.15 407.37 Td (6,976) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 407.37 Td (6,962) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 407.37 Td (18,141) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 407.37 Td (20,600) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 395.37 Td (Prior years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.65 395.37 Td (190) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.65 395.37 Td (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.65 395.37 Td (337) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.30 395.37 Td (\(4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.65 395.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.15 383.37 Td (7,166) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 383.37 Td (6,979) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 383.37 Td (18,478) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 383.37 Td (20,596) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 371.37 Td (Paid related to:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 359.37 Td (Current year) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.15 359.37 Td (2,302) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 359.37 Td (4,279) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 359.37 Td (6,224) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.15 359.37 Td (8,455) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 347.37 Td (Prior years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.15 347.37 Td (7,082) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.15 347.37 Td (14,660) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 347.37 Td (29,093) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 347.37 Td (46,160) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.15 335.37 Td (9,384) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.15 335.37 Td (18,939) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 335.37 Td (35,317) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 335.37 Td (54,615) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 318.37 Td (Net unpaid claims, end of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.00 318.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.15 318.37 Td (66,979) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.00 318.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.15 318.37 Td (92,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.00 318.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 318.37 Td (66,979) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.00 318.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 318.37 Td (92,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 306.37 Td (Add: reinsurance recoverable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.15 306.37 Td (6,595) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 306.37 Td (9,374) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 306.37 Td (6,595) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.15 306.37 Td (9,374) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 294.37 Td (Unpaid claims, end of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.00 294.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.15 294.37 Td (73,574) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.00 294.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.15 294.37 Td (101,457) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.00 294.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 294.37 Td (73,574) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.00 294.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.15 294.37 Td (101,457) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 275.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.18 275.25 Td (process ) Tj ET Q q 0 0 0 rg BT 100.81 275.25 Td (of ) Tj ET Q q 0 0 0 rg BT 111.77 275.25 Td (establishing ) Tj ET Q q 0 0 0 rg BT 162.18 275.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.03 275.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 217.98 275.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 258.40 275.25 Td (for ) Tj ET Q q 0 0 0 rg BT 272.69 275.25 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 302.54 275.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 331.28 275.25 Td (is ) Tj ET Q q 0 0 0 rg BT 340.58 275.25 Td (complex ) Tj ET Q q 0 0 0 rg BT 377.65 275.25 Td (and ) Tj ET Q q 0 0 0 rg BT 394.72 275.25 Td (imprecise ) Tj ET Q q 0 0 0 rg BT 436.23 275.25 Td (as ) Tj ET Q q 0 0 0 rg BT 447.19 275.25 Td (it ) Tj ET Q q 0 0 0 rg BT 455.39 275.25 Td (relies ) Tj ET Q q 0 0 0 rg BT 479.68 275.25 Td (on ) Tj ET Q q 0 0 0 rg BT 492.31 275.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.16 275.25 Td (judgment ) Tj ET Q q 0 0 0 rg BT 547.57 275.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 263.25 Td (opinions ) Tj ET Q q 0 0 0 rg BT 86.62 263.25 Td (of ) Tj ET Q q 0 0 0 rg BT 97.11 263.25 Td (a ) Tj ET Q q 0 0 0 rg BT 103.72 263.25 Td (lar) Tj ET Q q 0 0 0 rg BT 114.08 263.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 125.69 263.25 Td (number ) Tj ET Q q 0 0 0 rg BT 158.40 263.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.90 263.25 Td (individuals, ) Tj ET Q q 0 0 0 rg BT 218.01 263.25 Td (on ) Tj ET Q q 0 0 0 rg BT 230.18 263.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 269.56 263.25 Td (precedent ) Tj ET Q q 0 0 0 rg BT 310.59 263.25 Td (and ) Tj ET Q q 0 0 0 rg BT 327.19 263.25 Td (trends, ) Tj ET Q q 0 0 0 rg BT 356.30 263.25 Td (on ) Tj ET Q q 0 0 0 rg BT 368.46 263.25 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 411.17 263.25 Td (legal, ) Tj ET Q q 0 0 0 rg BT 435.27 263.25 Td (economic, ) Tj ET Q q 0 0 0 rg BT 478.81 263.25 Td (social ) Tj ET Q q 0 0 0 rg BT 504.30 263.25 Td (and ) Tj ET Q q 0 0 0 rg BT 520.91 263.25 Td (regulatory ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 251.25 Td (trends ) Tj ET Q q 0 0 0 rg BT 76.59 251.25 Td (and ) Tj ET Q q 0 0 0 rg BT 93.17 251.25 Td (on ) Tj ET Q q 0 0 0 rg BT 105.32 251.25 Td (expectations ) Tj ET Q q 0 0 0 rg BT 157.45 251.25 Td (as ) Tj ET Q q 0 0 0 rg BT 167.93 251.25 Td (to ) Tj ET Q q 0 0 0 rg BT 177.86 251.25 Td (future ) Tj ET Q q 0 0 0 rg BT 203.88 251.25 Td (developments. ) Tj ET Q q 0 0 0 rg BT 263.92 251.25 Td (The ) Tj ET Q q 0 0 0 rg BT 281.61 251.25 Td (process ) Tj ET Q q 0 0 0 rg BT 313.75 251.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.23 251.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 374.70 251.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.06 251.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 428.99 251.25 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 475.56 251.25 Td (involves ) Tj ET Q q 0 0 0 rg BT 511.60 251.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 532.64 251.25 Td (that ) Tj ET Q q 0 0 0 rg BT 549.78 251.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 239.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 76.37 239.25 Td (results ) Tj ET Q q 0 0 0 rg BT 104.98 239.25 Td (will ) Tj ET Q q 0 0 0 rg BT 123.04 239.25 Td (deviate, ) Tj ET Q q 0 0 0 rg BT 156.91 239.25 Td (perhaps ) Tj ET Q q 0 0 0 rg BT 190.51 239.25 Td (substantially) Tj ET Q q 0 0 0 rg BT 240.41 239.25 Td (, ) Tj ET Q q 0 0 0 rg BT 245.41 239.25 Td (from ) Tj ET Q q 0 0 0 rg BT 267.35 239.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.07 239.25 Td (best ) Tj ET Q q 0 0 0 rg BT 300.67 239.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 340.39 239.25 Td (made.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 218.25 Td (1) Tj ET Q q 0 0 0 rg BT 72.45 218.25 Td (1. ST) Tj ET Q q 0 0 0 rg BT 97.00 218.25 Td (OCK OPTIONS ) Tj ET Q q 0 0 0 rg BT 169.24 218.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 193.22 218.25 Td (W) Tj ET Q q 0 0 0 rg BT 202.11 218.25 Td (ARRANTS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 199.45 Td (Stock options - ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.84 199.45 Td (Stock option activity for the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.55 199.45 Td (nine month periods ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.14 199.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.64 199.45 Td (September30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.90 199.45 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.34 199.45 Td (September30, 201) Tj ET Q q 0 0 0 rg BT 511.23 199.45 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.23 199.45 Td ( follows ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 185.65 Td (\(all prices in Canadian dollars\): ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 140.15 328.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 140.15 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 140.15 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 140.15 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 140.15 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 116.15 328.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 116.15 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 116.15 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 116.15 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 116.15 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 92.15 328.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 92.15 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 92.15 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 470.50 92.15 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 92.15 46.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 175.14999999999998 m 424.5 175.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 175.14999999999998 m 470.5 175.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 175.14999999999998 m 516.5 175.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 175.14999999999998 m 562.5 175.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 140.14999999999998 m 424.5 140.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 140.14999999999998 m 470.5 140.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 140.14999999999998 m 516.5 140.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 140.14999999999998 m 562.5 140.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 140.14999999999998 m 424.5 140.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 140.14999999999998 m 470.5 140.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 140.14999999999998 m 516.5 140.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 140.14999999999998 m 562.5 140.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 92.14999999999998 m 424.5 92.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 92.14999999999998 m 470.5 92.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 92.14999999999998 m 516.5 92.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 92.14999999999998 m 562.5 92.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 92.14999999999998 m 424.5 92.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 81.14999999999998 m 424.5 81.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 79.14999999999998 m 424.5 79.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 92.14999999999998 m 470.5 92.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 81.14999999999998 m 470.5 81.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 79.14999999999998 m 470.5 79.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 92.14999999999998 m 516.5 92.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 81.14999999999998 m 516.5 81.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 470.5 79.14999999999998 m 516.5 79.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 92.14999999999998 m 562.5 92.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 81.14999999999998 m 562.5 81.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 79.14999999999998 m 562.5 79.14999999999998 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 382.25 165.88 Td (September 30, 2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 474.55 165.88 Td (September 30, 2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.85 144.38 Td (Number) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 429.50 144.38 Td (Avg. Price) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 478.85 144.38 Td (Number) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 521.50 144.38 Td (Avg. Price) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 130.77 Td (Outstanding, beginning of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.10 130.77 Td (408,325) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.00 130.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.15 130.77 Td (1.90) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.10 130.77 Td (110,600) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.00 130.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 130.77 Td (1.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 118.77 Td (Granted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.65 118.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.65 118.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.10 118.77 Td (369,749) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 118.77 Td (2.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 106.77 Td (Exercised) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.80 106.77 Td (\(2,766) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 106.77 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.15 106.77 Td (1.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.80 106.77 Td (\(18,524) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.65 106.77 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 106.77 Td (1.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 94.77 Td (Expired) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.80 94.77 Td (\(3,710) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 94.77 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.15 94.77 Td (1.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.65 94.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 94.77 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 82.77 Td (Outstanding, end of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.10 82.77 Td (401,849) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.00 82.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.15 82.77 Td (1.92) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.10 82.77 Td (461,825) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.00 82.77 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 82.77 Td (1.80) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 61.85 Td (Information about options outstanding at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.81 61.85 Td (September30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.07 61.85 Td ( is as follows:) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 31 0 obj <>] /Rotate 0 /Contents 32 0 R>> endobj 32 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (15) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 721.50 127.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.50 721.50 153.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 721.50 106.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 721.50 126.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 697.50 127.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 177.50 697.50 153.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 697.50 106.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 697.50 126.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 748.5 m 177.5 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 721.5 m 177.5 721.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 748.5 m 330.5 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 721.5 m 330.5 721.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 748.5 m 436.5 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 721.5 m 436.5 721.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 748.5 m 562.5 748.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 721.5 m 562.5 721.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 721.5 m 177.5 721.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 721.5 m 330.5 721.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 721.5 m 436.5 721.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 721.5 m 562.5 721.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 697.5 m 177.5 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 697.5 m 330.5 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 697.5 m 436.5 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 697.5 m 562.5 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 697.5 m 177.5 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 686.5 m 177.5 686.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 684.5 m 177.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 697.5 m 330.5 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 686.5 m 330.5 686.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 177.5 684.5 m 330.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 697.5 m 436.5 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 686.5 m 436.5 686.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 684.5 m 436.5 684.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 697.5 m 562.5 697.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 686.5 m 562.5 686.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 684.5 m 562.5 684.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 94.05 725.73 Td (Grant Date) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 226.05 725.73 Td (Expiration Date) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 346.50 725.73 Td (Number Outstanding) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.15 725.73 Td (Number Exercisable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.35 712.12 Td (January 18, 2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.20 712.12 Td (January 18, 2021) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 712.12 Td (369,749) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 712.12 Td (184,874) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.70 700.12 Td (March 18, 2010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.70 700.12 Td (March 18, 2020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.15 700.12 Td (32,100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 700.12 Td (32,100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 688.12 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 688.12 Td (401,849) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 688.12 Td (216,974) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 669.00 Td (On ) Tj ET Q q 0 0 0 rg BT 65.50 669.00 Td (January ) Tj ET Q q 0 0 0 rg BT 99.87 669.00 Td (18, ) Tj ET Q q 0 0 0 rg BT 115.65 669.00 Td (201) Tj ET Q q 0 0 0 rg BT 130.28 669.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 140.33 669.00 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 164.72 669.00 Td (granted 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(of ) Tj ET Q q 0 0 0 rg BT 117.68 657.00 Td (C) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.35 657.00 Td ($2.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 146.85 657.00 Td ( ) Tj ET Q q 0 0 0 rg BT 149.06 657.00 Td (per ) Tj ET Q q 0 0 0 rg BT 164.03 657.00 Td (share. ) Tj ET Q q 0 0 0 rg BT 189.67 657.00 Td (The ) Tj ET Q q 0 0 0 rg BT 207.43 657.00 Td (options ) Tj ET Q q 0 0 0 rg BT 239.08 657.00 Td (vest ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.39 657.00 Td (25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 275.72 657.00 Td ( ) Tj ET Q q 0 0 0 rg BT 277.93 657.00 Td (at ) Tj ET Q q 0 0 0 rg BT 287.35 657.00 Td (date ) Tj ET Q q 0 0 0 rg BT 306.21 657.00 Td (of ) Tj ET Q q 0 0 0 rg BT 316.74 657.00 Td (grant ) Tj ET Q q 0 0 0 rg BT 339.49 657.00 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.14 657.00 Td (25%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.47 657.00 Td ( ) Tj ET Q q 0 0 0 rg BT 376.67 657.00 Td (on ) Tj ET Q q 0 0 0 rg BT 388.88 657.00 Td (each ) Tj ET Q q 0 0 0 rg BT 409.40 657.00 Td (of ) Tj ET Q q 0 0 0 rg BT 419.93 657.00 Td (the ) Tj ET Q q 0 0 0 rg BT 434.35 657.00 Td (next ) Tj ET Q q 0 0 0 rg BT 453.77 657.00 Td (three ) Tj ET Q q 0 0 0 rg BT 475.96 657.00 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 524.81 657.00 Td (dates ) Tj ET Q q 0 0 0 rg BT 547.57 657.00 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 645.00 Td (expire ) Tj ET Q q 0 0 0 rg BT 77.30 645.00 Td (on ) Tj ET Q q 0 0 0 rg BT 89.62 645.00 Td (January ) Tj ET Q q 0 0 0 rg BT 123.03 645.00 Td (18, ) Tj ET Q q 0 0 0 rg BT 137.85 645.00 Td (2021. ) Tj ET Q q 0 0 0 rg BT 162.66 645.00 Td ( ) Tj ET Q q 0 0 0 rg BT 164.81 645.00 Td (The ) Tj ET Q q 0 0 0 rg BT 182.67 645.00 Td (weighted ) Tj ET Q q 0 0 0 rg BT 221.65 645.00 Td (average ) Tj ET Q q 0 0 0 rg BT 255.05 645.00 Td (grant ) Tj ET Q q 0 0 0 rg BT 277.91 645.00 Td (date ) Tj ET Q q 0 0 0 rg BT 296.88 645.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 313.07 645.00 Td (value ) Tj ET Q q 0 0 0 rg BT 337.04 645.00 Td (of ) Tj ET Q q 0 0 0 rg BT 347.69 645.00 Td (the ) Tj ET Q q 0 0 0 rg BT 362.22 645.00 Td (options ) Tj ET Q q 0 0 0 rg BT 393.99 645.00 Td (granted ) Tj ET Q q 0 0 0 rg BT 426.29 645.00 Td (on ) Tj ET Q q 0 0 0 rg BT 438.60 645.00 Td (January ) Tj ET Q q 0 0 0 rg BT 472.02 645.00 Td (18, ) Tj ET Q q 0 0 0 rg BT 486.83 645.00 Td (201) Tj ET Q q 0 0 0 rg BT 501.46 645.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 508.78 645.00 Td (is ) Tj ET Q q 0 0 0 rg BT 517.77 645.00 Td (C) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.44 645.00 Td ($1.24) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 546.94 645.00 Td ( ) Tj ET Q q 0 0 0 rg BT 549.25 645.00 Td (per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 633.00 Td (share. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.00 Td (The ) Tj ET Q q 0 0 0 rg BT 69.56 616.00 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 131.34 616.00 Td (option ) Tj ET Q q 0 0 0 rg BT 160.91 616.00 Td (pricing ) Tj ET Q q 0 0 0 rg BT 193.25 616.00 Td (model ) Tj ET Q q 0 0 0 rg BT 222.26 616.00 Td (was ) Tj ET Q q 0 0 0 rg BT 241.82 616.00 Td (used ) Tj ET Q q 0 0 0 rg BT 264.17 616.00 Td (to ) Tj ET Q q 0 0 0 rg BT 275.96 616.00 Td (estimate ) Tj ET Q q 0 0 0 rg BT 313.29 616.00 Td (the ) Tj ET Q q 0 0 0 rg BT 329.52 616.00 Td (fair ) Tj ET Q q 0 0 0 rg BT 347.41 616.00 Td (value ) Tj ET Q q 0 0 0 rg BT 373.08 616.00 Td (of ) Tj ET Q q 0 0 0 rg BT 385.42 616.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 444.98 616.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 481.20 616.00 Td (using ) Tj ET Q q 0 0 0 rg BT 506.88 616.00 Td (the ) Tj ET Q q 0 0 0 rg BT 523.12 616.00 Td (following ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 604.00 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 101.56 604.00 Td ( ) Tj ET Q q 0 0 0 rg BT 108.66 604.00 Td (risk-free ) Tj ET Q q 0 0 0 rg BT 144.64 604.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 176.18 604.00 Td (rate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.27 604.00 Td (2.27%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.10 604.00 Td ( ) Tj ET Q q 0 0 0 rg BT 221.21 604.00 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.09 604.00 Td (3.13%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.92 604.00 Td (; ) Tj ET Q q 0 0 0 rg BT 261.81 604.00 Td (dividend ) Tj ET Q q 0 0 0 rg BT 298.91 604.00 Td (yield ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.01 604.00 Td (0.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.84 604.00 Td (; ) Tj ET Q q 0 0 0 rg BT 346.73 604.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 384.37 604.00 Td (volatility ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.58 604.00 Td (100%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.91 604.00 Td (; ) Tj ET Q q 0 0 0 rg BT 450.80 604.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 488.44 604.00 Td (life ) Tj ET Q q 0 0 0 rg BT 503.87 604.00 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.30 604.00 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.30 604.00 Td ( ) Tj ET Q q 0 0 0 rg BT 521.41 604.00 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.30 604.00 Td (9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.30 604.00 Td ( ) Tj ET Q q 0 0 0 rg BT 538.40 604.00 Td (years. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 587.00 Td (In ) Tj ET Q q 0 0 0 rg BT 60.03 587.00 Td (accordance ) Tj ET Q q 0 0 0 rg BT 106.68 587.00 Td (with ) Tj ET Q q 0 0 0 rg BT 125.79 587.00 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 174.14 587.00 Td (Standard ) Tj ET Q q 0 0 0 rg BT 211.38 587.00 Td (Codification ) Tj ET Q q 0 0 0 rg BT 263.07 587.00 Td (718 ) Tj ET Q q 0 0 0 rg BT 279.76 587.00 Td (\(Stock-Based ) Tj ET Q q 0 0 0 rg BT 335.34 587.00 Td (Compensation\), ) Tj ET Q q 0 0 0 rg BT 400.26 587.00 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 423.07 587.00 Td (has ) Tj ET Q q 0 0 0 rg BT 438.10 587.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 483.66 587.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 506.46 587.00 Td (compensation ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 575.00 Td (expense ) Tj ET Q q 0 0 0 rg BT 85.10 575.00 Td (on ) Tj ET Q q 0 0 0 rg BT 98.00 575.00 Td (a ) Tj ET Q q 0 0 0 rg BT 105.33 575.00 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 156.54 575.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 179.44 575.00 Td (over ) Tj ET Q q 0 0 0 rg BT 200.10 575.00 Td (the ) Tj ET Q q 0 0 0 rg BT 215.21 575.00 Td (requisite ) Tj ET Q q 0 0 0 rg BT 252.54 575.00 Td (service ) Tj ET Q q 0 0 0 rg BT 283.75 575.00 Td (period ) Tj ET Q q 0 0 0 rg BT 312.19 575.00 Td (of ) Tj ET Q q 0 0 0 rg BT 323.42 575.00 Td (the ) Tj ET Q q 0 0 0 rg BT 338.53 575.00 Td (last ) Tj ET Q q 0 0 0 rg BT 355.31 575.00 Td (separately ) Tj ET Q q 0 0 0 rg BT 398.74 575.00 Td (vesting ) Tj ET Q q 0 0 0 rg BT 430.52 575.00 Td (portion ) Tj ET Q q 0 0 0 rg BT 462.30 575.00 Td (of ) Tj ET Q q 0 0 0 rg BT 473.52 575.00 Td (the ) Tj ET Q q 0 0 0 rg BT 488.63 575.00 Td (award. ) Tj ET Q q 0 0 0 rg BT 518.46 575.00 Td (In ) Tj ET Q q 0 0 0 rg BT 529.68 575.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.79 575.00 Td (nine ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 563.00 Td (month ) Tj ET Q q 0 0 0 rg BT 77.24 563.00 Td (periods ) Tj ET Q q 0 0 0 rg BT 108.35 563.00 Td (ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.23 563.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.91 563.00 Td (September30, ) Tj ET Q q 0 0 0 rg BT 193.35 563.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.35 563.00 Td ( ) Tj ET Q q 0 0 0 rg BT 215.03 563.00 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.15 563.00 Td (September30, ) Tj ET Q q 0 0 0 rg BT 290.59 563.00 Td (201) Tj ET Q q 0 0 0 rg BT 305.22 563.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.22 563.00 Td ( ) Tj ET Q q 0 0 0 rg BT 311.90 563.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 359.56 563.00 Td (, ) Tj ET Q q 0 0 0 rg BT 363.37 563.00 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 386.15 563.00 Td (recognized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.69 563.00 Td ($84) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.69 563.00 Td (,000 ) Tj ET Q q 0 0 0 rg BT 465.87 563.00 Td ( ) Tj ET Q q 0 0 0 rg BT 467.55 563.00 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.67 563.00 Td ($84) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.67 563.00 Td (,000 ) Tj ET Q q 0 0 0 rg BT 517.85 563.00 Td (in ) Tj ET Q q 0 0 0 rg BT 527.30 563.00 Td (expense, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 551.00 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 551.00 Td (is ) Tj ET Q q 0 0 0 rg BT 86.11 551.00 Td (a ) Tj ET Q q 0 0 0 rg BT 93.04 551.00 Td (component ) Tj ET Q q 0 0 0 rg BT 139.98 551.00 Td (of ) Tj ET Q q 0 0 0 rg BT 150.81 551.00 Td (other ) Tj ET Q q 0 0 0 rg BT 173.85 551.00 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 228.01 551.00 Td (expenses ) Tj ET Q q 0 0 0 rg BT 266.60 551.00 Td (on ) Tj ET Q q 0 0 0 rg BT 279.10 551.00 Td (the ) Tj ET Q q 0 0 0 rg BT 293.82 551.00 Td (income ) Tj ET Q q 0 0 0 rg BT 325.75 551.00 Td (statement. ) Tj ET Q q 0 0 0 rg BT 368.89 551.00 Td (T) Tj ET Q q 0 0 0 rg BT 374.30 551.00 Td (otal ) Tj ET Q q 0 0 0 rg BT 391.79 551.00 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 448.16 551.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 471.76 551.00 Td (compensation ) Tj ET Q q 0 0 0 rg BT 529.80 551.00 Td (expense ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 539.00 Td (associated ) Tj ET Q q 0 0 0 rg BT 92.92 539.00 Td (with ) Tj ET Q q 0 0 0 rg BT 112.52 539.00 Td (the ) Tj ET Q q 0 0 0 rg BT 126.57 539.00 Td (January ) Tj ET Q q 0 0 0 rg BT 159.49 539.00 Td (18, ) Tj ET Q q 0 0 0 rg BT 173.82 539.00 Td (201) Tj ET Q q 0 0 0 rg BT 188.45 539.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 195.27 539.00 Td (grant ) Tj ET Q q 0 0 0 rg BT 217.65 539.00 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.14 539.00 Td ($253) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.14 539.00 Td (,000 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.47 539.00 Td (as ) Tj ET Q q 0 0 0 rg BT 275.63 539.00 Td (of ) Tj ET Q q 0 0 0 rg BT 285.78 539.00 Td (the ) Tj ET Q q 0 0 0 rg BT 299.82 539.00 Td (period ) Tj ET Q q 0 0 0 rg BT 327.20 539.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 352.90 539.00 Td (September ) Tj ET Q q 0 0 0 rg BT 397.49 539.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 411.82 539.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.82 539.00 Td ( ) Tj ET Q q 0 0 0 rg BT 433.64 539.00 Td (which ) Tj ET Q q 0 0 0 rg BT 459.91 539.00 Td (will ) Tj ET Q q 0 0 0 rg BT 477.29 539.00 Td (be ) Tj ET Q q 0 0 0 rg BT 488.55 539.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 534.24 539.00 Td (ratably ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 527.00 Td (through ) Tj ET Q q 0 0 0 rg BT 83.61 527.00 Td (the ) Tj ET Q q 0 0 0 rg BT 98.33 527.00 Td (next ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.04 527.00 Td (2.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.54 527.00 Td ( ) Tj ET Q q 0 0 0 rg BT 133.04 527.00 Td (years.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 510.00 Td (The ) Tj ET Q q 0 0 0 rg BT 67.83 510.00 Td (weighted ) Tj ET Q q 0 0 0 rg BT 106.78 510.00 Td (average ) Tj ET Q q 0 0 0 rg BT 140.15 510.00 Td (exercise ) Tj ET Q q 0 0 0 rg BT 175.19 510.00 Td (price ) Tj ET Q q 0 0 0 rg BT 197.46 510.00 Td (of ) Tj ET Q q 0 0 0 rg BT 208.08 510.00 Td (all ) Tj ET Q q 0 0 0 rg BT 220.36 510.00 Td (the ) Tj ET Q q 0 0 0 rg BT 234.87 510.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 262.15 510.00 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 309.40 510.00 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.91 510.00 Td (September30, ) Tj ET Q q 0 0 0 rg BT 378.96 510.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.96 510.00 Td ( ) Tj ET Q q 0 0 0 rg BT 401.25 510.00 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.97 510.00 Td (December31, ) Tj ET Q q 0 0 0 rg BT 476.35 510.00 Td (201) Tj ET Q q 0 0 0 rg BT 490.97 510.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.97 510.00 Td ( ) Tj ET Q q 0 0 0 rg BT 498.26 510.00 Td (was ) Tj ET Q q 0 0 0 rg BT 516.10 510.00 Td (C) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.77 510.00 Td ($1.85) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.27 510.00 Td ( ) Tj ET Q q 0 0 0 rg BT 547.56 510.00 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 498.00 Td (the ) Tj ET Q q 0 0 0 rg BT 64.87 498.00 Td (grants ) Tj ET Q q 0 0 0 rg BT 91.97 498.00 Td (have ) Tj ET Q q 0 0 0 rg BT 113.50 498.00 Td (a ) Tj ET Q q 0 0 0 rg BT 120.60 498.00 Td (weighted ) Tj ET Q q 0 0 0 rg BT 159.91 498.00 Td (average ) Tj ET Q q 0 0 0 rg BT 193.65 498.00 Td (remaining ) Tj ET Q q 0 0 0 rg BT 236.85 498.00 Td (life ) Tj ET Q q 0 0 0 rg BT 252.83 498.00 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.81 498.00 Td (8.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.31 498.00 Td ( ) Tj ET Q q 0 0 0 rg BT 278.97 498.00 Td (years. ) Tj ET Q q 0 0 0 rg BT 305.03 498.00 Td (The ) Tj ET Q q 0 0 0 rg BT 323.24 498.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 347.00 498.00 Td (options ) Tj ET Q q 0 0 0 rg BT 379.10 498.00 Td (granted ) Tj ET Q q 0 0 0 rg BT 411.75 498.00 Td (on ) Tj ET Q q 0 0 0 rg BT 424.40 498.00 Td (January ) Tj ET Q q 0 0 0 rg BT 458.16 498.00 Td (18, ) Tj ET Q q 0 0 0 rg BT 473.31 498.00 Td (201) Tj ET Q q 0 0 0 rg BT 487.94 498.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 495.60 498.00 Td (have ) Tj ET Q q 0 0 0 rg BT 517.13 498.00 Td (an ) Tj ET Q q 0 0 0 rg BT 529.23 498.00 Td (intrinsic ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 486.00 Td (value ) Tj ET Q q 0 0 0 rg BT 74.16 486.00 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.99 486.00 Td ($0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 94.99 486.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.49 486.00 Td (as ) Tj ET Q q 0 0 0 rg BT 108.32 486.00 Td (of ) Tj ET Q q 0 0 0 rg BT 119.15 486.00 Td (the ) Tj ET Q q 0 0 0 rg BT 133.86 486.00 Td (period ) Tj ET Q q 0 0 0 rg BT 161.91 486.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 188.29 486.00 Td (September ) Tj ET Q q 0 0 0 rg BT 233.55 486.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 248.55 486.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.55 486.00 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 469.00 Td (W) Tj ET Q q 0 0 0 rg BT 59.45 469.00 Td (arrants) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 91.11 469.00 Td ( ) Tj ET Q q 0 0 0 rg BT 94.60 469.00 Td (- ) Tj ET Q q 0 0 0 rg BT 101.42 469.00 Td (On ) Tj ET Q q 0 0 0 rg BT 117.14 469.00 Td (November ) Tj ET Q q 0 0 0 rg BT 162.84 469.00 Td (1, ) Tj ET Q q 0 0 0 rg BT 173.83 469.00 Td (2010, ) Tj ET Q q 0 0 0 rg BT 199.05 469.00 Td (American ) Tj ET Q q 0 0 0 rg BT 241.20 469.00 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 291.36 469.00 Td (closed ) Tj ET Q q 0 0 0 rg BT 320.40 469.00 Td (a ) Tj ET Q q 0 0 0 rg BT 328.33 469.00 Td (private ) Tj ET Q q 0 0 0 rg BT 359.58 469.00 Td (placement ) Tj ET Q q 0 0 0 rg BT 404.16 469.00 Td (where ) Tj ET Q q 0 0 0 rg BT 432.09 469.00 Td (it ) Tj ET Q q 0 0 0 rg BT 441.13 469.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 469.63 469.00 Td (3,983,502 ) Tj ET Q q 0 0 0 rg BT 513.12 469.00 Td (subscription ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 457.00 Td (receipts ) Tj ET Q q 0 0 0 rg BT 83.33 457.00 Td (for ) Tj ET Q q 0 0 0 rg BT 97.24 457.00 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 133.35 457.00 Td (voting ) Tj ET Q q 0 0 0 rg BT 161.15 457.00 Td (common ) Tj ET Q q 0 0 0 rg BT 198.39 457.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 225.62 457.00 Td (of ) Tj ET Q q 0 0 0 rg BT 235.70 457.00 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 259.05 457.00 Td (and ) Tj ET Q q 0 0 0 rg BT 275.73 457.00 Td (warrants ) Tj ET Q q 0 0 0 rg BT 312.40 457.00 Td (to ) Tj ET Q q 0 0 0 rg BT 322.42 457.00 Td (purchase ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.19 457.00 Td (3,983,502) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.19 457.00 Td ( ) Tj ET Q q 0 0 0 rg BT 402.44 457.00 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 438.55 457.00 Td (voting ) Tj ET Q q 0 0 0 rg BT 466.35 457.00 Td (common ) Tj ET Q q 0 0 0 rg BT 503.59 457.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 530.82 457.00 Td (of ) Tj ET Q q 0 0 0 rg BT 540.90 457.00 Td (Atlas ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 445.00 Td (for ) Tj ET Q q 0 0 0 rg BT 64.34 445.00 Td (C$2.00 ) Tj ET Q q 0 0 0 rg BT 96.19 445.00 Td (per ) Tj ET Q q 0 0 0 rg BT 111.63 445.00 Td (share ) Tj ET Q q 0 0 0 rg BT 135.41 445.00 Td (in ) Tj ET Q q 0 0 0 rg BT 145.87 445.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 192.42 445.00 Td (with ) Tj ET Q q 0 0 0 rg BT 212.87 445.00 Td (the ) Tj ET Q q 0 0 0 rg BT 227.77 445.00 Td (mer) Tj ET Q q 0 0 0 rg BT 243.13 445.00 Td (ger) Tj ET Q q 0 0 0 rg BT 255.35 445.00 Td (. ) Tj ET Q q 0 0 0 rg BT 260.34 445.00 Td (The ) Tj ET Q q 0 0 0 rg BT 278.56 445.00 Td (subscription ) Tj ET Q q 0 0 0 rg BT 330.13 445.00 Td (receipts ) Tj ET Q q 0 0 0 rg BT 363.90 445.00 Td (were ) Tj ET Q q 0 0 0 rg BT 386.01 445.00 Td (converted ) Tj ET Q q 0 0 0 rg BT 428.11 445.00 Td (to ) Tj ET Q q 0 0 0 rg BT 437.97 445.00 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 461.76 445.00 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 498.31 445.00 Td (voting ) Tj ET Q q 0 0 0 rg BT 526.55 445.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 554.22 445.00 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 433.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 96.37 433.00 Td (with ) Tj ET Q q 0 0 0 rg BT 116.65 433.00 Td (the ) Tj ET Q q 0 0 0 rg BT 131.37 433.00 Td (mer) Tj ET Q q 0 0 0 rg BT 146.73 433.00 Td (ger) Tj ET Q q 0 0 0 rg BT 158.95 433.00 Td (. ) Tj ET Q q 0 0 0 rg BT 163.40 433.00 Td (All ) Tj ET Q q 0 0 0 rg BT 178.68 433.00 Td (the ) Tj ET Q q 0 0 0 rg BT 193.39 433.00 Td (warrants ) Tj ET Q q 0 0 0 rg BT 230.32 433.00 Td (were ) Tj ET Q q 0 0 0 rg BT 252.25 433.00 Td (still ) Tj ET Q q 0 0 0 rg BT 269.76 433.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 318.92 433.00 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 328.64 433.00 Td (September30, ) Tj ET Q q 0 0 0 rg BT 388.90 433.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.90 433.00 Td ( ) Tj ET Q q 0 0 0 rg BT 411.40 433.00 Td (and ) Tj ET Q q 0 0 0 rg BT 428.34 433.00 Td (expire ) Tj ET Q q 0 0 0 rg BT 455.83 433.00 Td (on ) Tj ET Q q 0 0 0 rg BT 468.33 433.00 Td (December ) Tj ET Q q 0 0 0 rg BT 511.91 433.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 526.91 433.00 Td (2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 416.00 Td (Atlas' ) Tj ET Q q 0 0 0 rg BT 75.41 416.00 Td (closing ) Tj ET Q q 0 0 0 rg BT 106.80 416.00 Td (stock ) Tj ET Q q 0 0 0 rg BT 130.41 416.00 Td (price ) Tj ET Q q 0 0 0 rg BT 152.89 416.00 Td (on ) Tj ET Q q 0 0 0 rg BT 165.39 416.00 Td (September ) Tj ET Q q 0 0 0 rg BT 210.65 416.00 Td (28, ) Tj ET Q q 0 0 0 rg BT 225.65 416.00 Td (2012 ) Tj ET Q q 0 0 0 rg BT 248.15 416.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 266.20 416.00 Td (last ) Tj ET Q q 0 0 0 rg BT 282.59 416.00 Td (trading ) Tj ET Q q 0 0 0 rg BT 313.41 416.00 Td (day ) Tj ET Q q 0 0 0 rg BT 330.35 416.00 Td (of ) Tj ET Q q 0 0 0 rg BT 341.18 416.00 Td (the ) Tj ET Q q 0 0 0 rg BT 355.90 416.00 Td (quarter\) ) Tj ET Q q 0 0 0 rg BT 390.04 416.00 Td (was ) Tj ET Q q 0 0 0 rg BT 408.10 416.00 Td (C$1.75. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 395.25 Td (12. OTHER EMPLOYEE BENEFIT) Tj ET Q q 0 0 0 rg BT 225.07 395.25 Td ( PLANS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 378.25 Td (Defined ) Tj ET Q q 0 0 0 rg BT 85.79 378.25 Td (Benefit ) Tj ET Q q 0 0 0 rg BT 118.80 378.25 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.25 378.25 Td ( ) Tj ET Q q 0 0 0 rg BT 140.72 378.25 Td ( ) Tj ET Q q 0 0 0 rg BT 148.18 378.25 Td (Prior ) Tj ET Q q 0 0 0 rg BT 170.64 378.25 Td (to ) Tj ET Q q 0 0 0 rg BT 180.88 378.25 Td (December ) Tj ET Q q 0 0 0 rg BT 224.43 378.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 239.39 378.25 Td (1997, ) Tj ET Q q 0 0 0 rg BT 264.36 378.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 317.37 378.25 Td (all ) Tj ET Q q 0 0 0 rg BT 329.83 378.25 Td (salaried ) Tj ET Q q 0 0 0 rg BT 363.39 378.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 408.62 378.25 Td (of ) Tj ET Q q 0 0 0 rg BT 418.87 378.25 Td (American ) Tj ET Q q 0 0 0 rg BT 460.75 378.25 Td (Country ) Tj ET Q q 0 0 0 rg BT 495.99 378.25 Td (were ) Tj ET Q q 0 0 0 rg BT 517.89 378.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 552.00 378.25 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 366.25 Td (a ) Tj ET Q q 0 0 0 rg BT 57.41 366.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 90.36 366.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 121.09 366.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 155.17 366.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 175.36 366.25 Td (known ) Tj ET Q q 0 0 0 rg BT 205.55 366.25 Td (as ) Tj ET Q q 0 0 0 rg BT 216.85 366.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.38 366.25 Td (American ) Tj ET Q q 0 0 0 rg BT 273.77 366.25 Td (Country ) Tj ET Q q 0 0 0 rg BT 309.52 366.25 Td (Pension ) Tj ET Q q 0 0 0 rg BT 344.15 366.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 364.90 366.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 383.42 366.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 421.93 366.25 Td (plan\). ) Tj ET Q q 0 0 0 rg BT 452.39 366.25 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 488.68 366.25 Td (were ) Tj ET Q q 0 0 0 rg BT 511.08 366.25 Td (based ) Tj ET Q q 0 0 0 rg BT 536.82 366.25 Td (on ) Tj ET Q q 0 0 0 rg BT 549.78 366.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 354.25 Td (employee) Tj ET Q q 0 0 0 rg BT 91.65 354.25 Td (s ) Tj ET Q q 0 0 0 rg BT 97.90 354.25 Td (length ) Tj ET Q q 0 0 0 rg BT 125.26 354.25 Td (of ) Tj ET Q q 0 0 0 rg BT 135.95 354.25 Td (service ) Tj ET Q q 0 0 0 rg BT 166.62 354.25 Td (and ) Tj ET Q q 0 0 0 rg BT 183.42 354.25 Td (wages ) Tj ET Q q 0 0 0 rg BT 210.77 354.25 Td (and ) Tj ET Q q 0 0 0 rg BT 227.57 354.25 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 264.08 354.25 Td (as ) Tj ET Q q 0 0 0 rg BT 274.77 354.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 307.12 354.25 Td (by ) Tj ET Q q 0 0 0 rg BT 319.48 354.25 Td (the ) Tj ET Q q 0 0 0 rg BT 334.06 354.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 367.52 354.25 Td (plan. ) Tj ET Q q 0 0 0 rg BT 389.43 354.25 Td (The ) Tj ET Q q 0 0 0 rg BT 407.34 354.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 440.80 354.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 468.16 354.25 Td (of ) Tj ET Q q 0 0 0 rg BT 478.85 354.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.43 354.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 526.89 354.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 546.47 354.25 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 342.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 89.94 342.25 Td (to ) Tj ET Q q 0 0 0 rg BT 100.45 342.25 Td (contribute ) Tj ET Q q 0 0 0 rg BT 143.73 342.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 180.35 342.25 Td (required ) Tj ET Q q 0 0 0 rg BT 216.40 342.25 Td (to ) Tj ET Q q 0 0 0 rg BT 226.92 342.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 264.64 342.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 306.27 342.25 Td (funding ) Tj ET Q q 0 0 0 rg BT 340.12 342.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 380.62 342.25 Td (in ) Tj ET Q q 0 0 0 rg BT 391.13 342.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 438.83 342.25 Td (with ) Tj ET Q q 0 0 0 rg BT 459.35 342.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.30 342.25 Td (Employee ) Tj ET Q q 0 0 0 rg BT 517.58 342.25 Td (Retirement ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 330.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 81.90 330.25 Td (Security ) Tj ET Q q 0 0 0 rg BT 116.72 330.25 Td (Act. ) Tj ET Q q 0 0 0 rg BT 135.57 330.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 144.83 330.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 173.94 330.25 Td (December ) Tj ET Q q 0 0 0 rg BT 216.94 330.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 231.35 330.25 Td (1997, ) Tj ET Q q 0 0 0 rg BT 255.77 330.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 277.68 330.25 Td (resolution ) Tj ET Q q 0 0 0 rg BT 319.59 330.25 Td (by ) Tj ET Q q 0 0 0 rg BT 331.51 330.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.64 330.25 Td (board ) Tj ET Q q 0 0 0 rg BT 370.32 330.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.56 330.25 Td (directors, ) Tj ET Q q 0 0 0 rg BT 419.96 330.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.09 330.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 467.12 330.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 486.25 330.25 Td (was ) Tj ET Q q 0 0 0 rg BT 503.71 330.25 Td (frozen. ) Tj ET Q q 0 0 0 rg BT 533.66 330.25 Td (During ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 318.25 Td (2010, ) Tj ET Q q 0 0 0 rg BT 74.26 318.25 Td (American ) Tj ET Q q 0 0 0 rg BT 115.94 318.25 Td (Country ) Tj ET Q q 0 0 0 rg BT 150.98 318.25 Td (made ) Tj ET Q q 0 0 0 rg BT 174.89 318.25 Td (an ) Tj ET Q q 0 0 0 rg BT 186.59 318.25 Td (application ) Tj ET Q q 0 0 0 rg BT 233.28 318.25 Td (to ) Tj ET Q q 0 0 0 rg BT 243.31 318.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.79 318.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 277.83 318.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 311.18 318.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 348.42 318.25 Td (Service ) Tj ET Q q 0 0 0 rg BT 380.67 318.25 Td (to ) Tj ET Q q 0 0 0 rg BT 390.71 318.25 Td (dissolve ) Tj ET Q q 0 0 0 rg BT 425.74 318.25 Td (the ) Tj ET Q q 0 0 0 rg BT 440.22 318.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 473.58 318.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 493.06 318.25 Td (and ) Tj ET Q q 0 0 0 rg BT 509.76 318.25 Td (distribute ) Tj ET Q q 0 0 0 rg BT 549.79 318.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 306.25 Td (net ) Tj ET Q q 0 0 0 rg BT 65.29 306.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 85.58 306.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 111.98 306.25 Td (to ) Tj ET Q q 0 0 0 rg BT 122.84 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.13 306.25 Td (beneficiaries. ) Tj ET Q q 0 0 0 rg BT 194.78 306.25 Td (In ) Tj ET Q q 0 0 0 rg BT 206.18 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.47 306.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 248.99 306.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 280.38 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 291.78 306.25 Td (201) Tj ET Q q 0 0 0 rg BT 306.41 306.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 316.98 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 332.27 306.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 352.56 306.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 378.97 306.25 Td (were ) Tj ET Q q 0 0 0 rg BT 401.47 306.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 423.43 306.25 Td (distributed. ) Tj ET Q q 0 0 0 rg BT 471.10 306.25 Td (As ) Tj ET Q q 0 0 0 rg BT 485.29 306.25 Td (a ) Tj ET Q q 0 0 0 rg BT 492.80 306.25 Td (result ) Tj ET Q q 0 0 0 rg BT 518.09 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 529.49 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 544.78 306.25 Td (plan ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 294.25 Td (liquidation, ) Tj ET Q q 0 0 0 rg BT 98.06 294.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.50 294.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 153.62 294.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 199.71 294.25 Td (a ) Tj ET Q q 0 0 0 rg BT 206.37 294.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 249.70 294.25 Td (char) Tj ET Q q 0 0 0 rg BT 266.73 294.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 278.39 294.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.95 294.25 Td ($2.5 ) Tj ET Q q 0 0 0 rg BT 308.68 294.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.57 294.25 Td ( ) Tj ET Q q 0 0 0 rg BT 339.80 294.25 Td (within ) Tj ET Q q 0 0 0 rg BT 367.58 294.25 Td (other ) Tj ET Q q 0 0 0 rg BT 390.36 294.25 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 444.24 294.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 482.57 294.25 Td (in ) Tj ET Q q 0 0 0 rg BT 492.58 294.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.02 294.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 533.69 294.25 Td (quarter ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 282.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.68 282.25 Td (201) Tj ET Q q 0 0 0 rg BT 76.31 282.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 87.16 282.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.27 282.25 Td (The ) Tj ET Q q 0 0 0 rg BT 109.16 282.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 153.61 282.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 184.17 282.25 Td (was ) Tj ET Q q 0 0 0 rg BT 203.07 282.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 248.64 282.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 286.96 282.25 Td (as ) Tj ET Q q 0 0 0 rg BT 298.64 282.25 Td (an ) Tj ET Q q 0 0 0 rg BT 311.43 282.25 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 368.64 282.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 415.87 282.25 Td (to ) Tj ET Q q 0 0 0 rg BT 427.00 282.25 Td (other ) Tj ET Q q 0 0 0 rg BT 450.90 282.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 514.78 282.25 Td (income ) Tj ET Q q 0 0 0 rg BT 547.56 282.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 270.25 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 91.08 270.25 Td (had ) Tj ET Q q 0 0 0 rg BT 108.02 270.25 Td (created ) Tj ET Q q 0 0 0 rg BT 139.38 270.25 Td (a ) Tj ET Q q 0 0 0 rg BT 146.32 270.25 Td (nil ) Tj ET Q q 0 0 0 rg BT 159.38 270.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 189.09 270.25 Td (to ) Tj ET Q q 0 0 0 rg BT 199.37 270.25 Td (shareholders' ) Tj ET Q q 0 0 0 rg BT 254.21 270.25 Td (equity) Tj ET Q q 0 0 0 rg BT 278.55 270.25 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 253.25 Td (Defined ) Tj ET Q q 0 0 0 rg BT 85.58 253.25 Td (Contribution ) Tj ET Q q 0 0 0 rg BT 143.96 253.25 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.40 253.25 Td ( ) Tj ET Q q 0 0 0 rg BT 165.65 253.25 Td (- ) Tj ET Q q 0 0 0 rg BT 171.24 253.25 Td (In ) Tj ET Q q 0 0 0 rg BT 181.82 253.25 Td (January ) Tj ET Q q 0 0 0 rg BT 215.17 253.25 Td (201) Tj ET Q q 0 0 0 rg BT 229.79 253.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 239.05 253.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 262.41 253.25 Td (formed ) Tj ET Q q 0 0 0 rg BT 293.54 253.25 Td (a ) Tj ET Q q 0 0 0 rg BT 300.23 253.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 332.46 253.25 Td (contribution ) Tj ET Q q 0 0 0 rg BT 383.60 253.25 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 412.51 253.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 431.97 253.25 Td (covering ) Tj ET Q q 0 0 0 rg BT 469.21 253.25 Td (all ) Tj ET Q q 0 0 0 rg BT 481.46 253.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 519.25 253.25 Td (employees ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 241.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.41 241.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 84.19 241.25 Td (and ) Tj ET Q q 0 0 0 rg BT 101.29 241.25 Td (its ) Tj ET Q q 0 0 0 rg BT 113.41 241.25 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 165.80 241.25 Td (Employees ) Tj ET Q q 0 0 0 rg BT 212.90 241.25 Td (can ) Tj ET Q q 0 0 0 rg BT 229.44 241.25 Td (choose ) Tj ET Q q 0 0 0 rg BT 259.88 241.25 Td (to ) Tj ET Q q 0 0 0 rg BT 270.33 241.25 Td (contribute ) Tj ET Q q 0 0 0 rg BT 313.54 241.25 Td (up ) Tj ET Q q 0 0 0 rg BT 326.21 241.25 Td (to ) Tj ET Q q 0 0 0 rg BT 336.65 241.25 Td (60% ) Tj ET Q q 0 0 0 rg BT 357.65 241.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.65 241.25 Td (their ) Tj ET Q q 0 0 0 rg BT 389.64 241.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 418.97 241.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 455.51 241.25 Td (but ) Tj ET Q q 0 0 0 rg BT 470.96 241.25 Td (not ) Tj ET Q q 0 0 0 rg BT 486.41 241.25 Td (more ) Tj ET Q q 0 0 0 rg BT 509.62 241.25 Td (than ) Tj ET Q q 0 0 0 rg BT 529.51 241.25 Td ($17,000 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 229.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.25 229.25 Td (201) Tj ET Q q 0 0 0 rg BT 78.88 229.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 86.48 229.25 Td (to ) Tj ET Q q 0 0 0 rg BT 96.85 229.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.66 229.25 Td (plan. ) Tj ET Q q 0 0 0 rg BT 133.97 229.25 Td (Qualifying ) Tj ET Q q 0 0 0 rg BT 179.89 229.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 225.25 229.25 Td (age ) Tj ET Q q 0 0 0 rg BT 241.72 229.25 Td (50 ) Tj ET Q q 0 0 0 rg BT 254.31 229.25 Td (and ) Tj ET Q q 0 0 0 rg BT 271.35 229.25 Td (older ) Tj ET Q q 0 0 0 rg BT 294.49 229.25 Td (can ) Tj ET Q q 0 0 0 rg BT 310.96 229.25 Td (contribute ) Tj ET Q q 0 0 0 rg BT 354.10 229.25 Td (an ) Tj ET Q q 0 0 0 rg BT 366.13 229.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 408.71 229.25 Td ($5,500 ) Tj ET Q q 0 0 0 rg BT 438.81 229.25 Td (in ) Tj ET Q q 0 0 0 rg BT 449.18 229.25 Td (2012. ) Tj ET Q q 0 0 0 rg BT 473.70 229.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 497.40 229.25 Td (matches ) Tj ET Q q 0 0 0 rg BT 532.76 229.25 Td (50% ) Tj ET Q q 0 0 0 rg BT 553.69 229.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 217.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.69 217.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 106.03 217.25 Td (contribution ) Tj ET Q q 0 0 0 rg BT 157.38 217.25 Td (up ) Tj ET Q q 0 0 0 rg BT 169.85 217.25 Td (to ) Tj ET Q q 0 0 0 rg BT 180.10 217.25 Td (5% ) Tj ET Q q 0 0 0 rg BT 195.90 217.25 Td (of ) Tj ET Q q 0 0 0 rg BT 206.70 217.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 235.82 217.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 272.17 217.25 Td (for ) Tj ET Q q 0 0 0 rg BT 286.30 217.25 Td (a ) Tj ET Q q 0 0 0 rg BT 293.21 217.25 Td (total ) Tj ET Q q 0 0 0 rg BT 313.45 217.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 356.47 217.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 391.15 217.25 Td (of ) Tj ET Q q 0 0 0 rg BT 401.95 217.25 Td (2.5% ) Tj ET Q q 0 0 0 rg BT 425.25 217.25 Td (of ) Tj ET Q q 0 0 0 rg BT 436.05 217.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 465.17 217.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 501.52 217.25 Td (per ) Tj ET Q q 0 0 0 rg BT 516.76 217.25 Td (participant. ) Tj ET Q q 0 0 0 rg BT 564.52 217.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 205.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 73.09 205.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 127.85 205.25 Td (are ) Tj ET Q q 0 0 0 rg BT 142.04 205.25 Td (discretionary) Tj ET Q q 0 0 0 rg BT 193.59 205.25 Td (. ) Tj ET Q q 0 0 0 rg BT 198.08 205.25 Td ( ) Tj ET Q q 0 0 0 rg BT 200.06 205.25 Td (Employees ) Tj ET Q q 0 0 0 rg BT 246.48 205.25 Td (are ) Tj ET Q q 0 0 0 rg BT 260.67 205.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 285.98 205.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 313.51 205.25 Td (in ) Tj ET Q q 0 0 0 rg BT 323.28 205.25 Td (their ) Tj ET Q q 0 0 0 rg BT 343.59 205.25 Td (own ) Tj ET Q q 0 0 0 rg BT 362.79 205.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 417.55 205.25 Td (and ) Tj ET Q q 0 0 0 rg BT 433.97 205.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 452.06 205.25 Td (in ) Tj ET Q q 0 0 0 rg BT 461.39 205.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 484.48 205.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 539.24 205.25 Td (based ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 193.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.71 193.25 Td (years ) Tj ET Q q 0 0 0 rg BT 86.51 193.25 Td (of ) Tj ET Q q 0 0 0 rg BT 97.54 193.25 Td (service ) Tj ET Q q 0 0 0 rg BT 128.56 193.25 Td (with ) Tj ET Q q 0 0 0 rg BT 149.05 193.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 175.08 193.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 203.33 193.25 Td (after ) Tj ET Q q 0 0 0 rg BT 224.36 193.25 Td (five ) Tj ET Q q 0 0 0 rg BT 242.61 193.25 Td (years. ) Tj ET Q q 0 0 0 rg BT 268.91 193.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 310.50 193.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 365.98 193.25 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.12 193.25 Td ($82) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.12 193.25 Td (,000 ) Tj ET Q q 0 0 0 rg BT 423.32 193.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.46 193.25 Td ($78) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.46 193.25 Td (,000 ) Tj ET Q q 0 0 0 rg BT 475.67 193.25 Td (for ) Tj ET Q q 0 0 0 rg BT 490.03 193.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.96 193.25 Td (three ) Tj ET Q q 0 0 0 rg BT 527.65 193.25 Td (and ) Tj ET Q q 0 0 0 rg BT 544.79 193.25 Td (nine ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 181.25 Td (month ) Tj ET Q q 0 0 0 rg BT 78.06 181.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 110.00 181.25 Td (ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.87 181.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.37 181.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 196.64 181.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.64 181.25 Td ( ) Tj ET Q q 0 0 0 rg BT 219.14 181.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.07 181.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 296.34 181.25 Td (201) Tj ET Q q 0 0 0 rg BT 310.97 181.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.97 181.25 Td (, ) Tj ET Q q 0 0 0 rg BT 320.97 181.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 368.63 181.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 164.25 Td (Employee ) Tj ET Q q 0 0 0 rg BT 95.28 164.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 122.23 164.25 Td (Pur) Tj ET Q q 0 0 0 rg BT 138.16 164.25 Td (chase ) Tj ET Q q 0 0 0 rg BT 164.55 164.25 Td (Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 184.00 164.25 Td ( ) Tj ET Q q 0 0 0 rg BT 187.06 164.25 Td (- ) Tj ET Q q 0 0 0 rg BT 193.45 164.25 Td (In ) Tj ET Q q 0 0 0 rg BT 204.84 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.12 164.25 Td (second ) Tj ET Q q 0 0 0 rg BT 250.95 164.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 282.33 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.72 164.25 Td (201) Tj ET Q q 0 0 0 rg BT 308.35 164.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 318.24 164.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 342.41 164.25 Td (initiated ) Tj ET Q q 0 0 0 rg BT 378.24 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 392.84 164.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 417.01 164.25 Td (Employee ) Tj ET Q q 0 0 0 rg BT 460.61 164.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 486.45 164.25 Td (Purchase ) Tj ET Q q 0 0 0 rg BT 525.61 164.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 546.45 164.25 Td (\(the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 152.25 Td (ESPP\) ) Tj ET Q q 0 0 0 rg BT 86.92 152.25 Td (to ) Tj ET Q q 0 0 0 rg BT 96.61 152.25 Td (encourage ) Tj ET Q q 0 0 0 rg BT 139.62 152.25 Td (continued ) Tj ET Q q 0 0 0 rg BT 180.97 152.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 221.76 152.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 253.11 152.25 Td (in ) Tj ET Q q 0 0 0 rg BT 262.81 152.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.94 152.25 Td (operation, ) Tj ET Q q 0 0 0 rg BT 319.12 152.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 349.37 152.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.73 152.25 Td (development ) Tj ET Q q 0 0 0 rg BT 419.29 152.25 Td (of ) Tj ET Q q 0 0 0 rg BT 429.12 152.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 452.15 152.25 Td (and ) Tj ET Q q 0 0 0 rg BT 468.50 152.25 Td (to ) Tj ET Q q 0 0 0 rg BT 478.20 152.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 510.66 152.25 Td (an ) Tj ET Q q 0 0 0 rg BT 522.02 152.25 Td (additional ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 140.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 96.27 140.25 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 145.33 140.25 Td (to ) Tj ET Q q 0 0 0 rg BT 155.50 140.25 Td (employees. ) Tj ET Q q 0 0 0 rg BT 203.16 140.25 Td ( ) Tj ET Q q 0 0 0 rg BT 205.55 140.25 Td (Beginning ) Tj ET Q q 0 0 0 rg BT 249.60 140.25 Td (in ) Tj ET Q q 0 0 0 rg BT 259.77 140.25 Td (June ) Tj ET Q q 0 0 0 rg BT 280.50 140.25 Td (201) Tj ET Q q 0 0 0 rg BT 295.12 140.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 305.02 140.25 Td (full ) Tj ET Q q 0 0 0 rg BT 321.29 140.25 Td (time ) Tj ET Q q 0 0 0 rg BT 341.46 140.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.29 140.25 Td (permanent ) Tj ET Q q 0 0 0 rg BT 402.88 140.25 Td (part ) Tj ET Q q 0 0 0 rg BT 420.82 140.25 Td (time ) Tj ET Q q 0 0 0 rg BT 440.99 140.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 486.14 140.25 Td (working ) Tj ET Q q 0 0 0 rg BT 521.86 140.25 Td (more ) Tj ET Q q 0 0 0 rg BT 544.80 140.25 Td (than ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 128.25 Td (30 ) Tj ET Q q 0 0 0 rg BT 62.25 128.25 Td (hours ) Tj ET Q q 0 0 0 rg BT 86.72 128.25 Td (per ) Tj ET Q q 0 0 0 rg BT 101.74 128.25 Td (week ) Tj ET Q q 0 0 0 rg BT 125.09 128.25 Td (are ) Tj ET Q q 0 0 0 rg BT 139.55 128.25 Td (allowed ) Tj ET Q q 0 0 0 rg BT 173.45 128.25 Td (to ) Tj ET Q q 0 0 0 rg BT 183.48 128.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 209.62 128.25 Td (up ) Tj ET Q q 0 0 0 rg BT 221.87 128.25 Td (to ) Tj ET Q q 0 0 0 rg BT 231.89 128.25 Td (5% ) Tj ET Q q 0 0 0 rg BT 247.47 128.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.05 128.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 293.63 128.25 Td (salary ) Tj ET Q q 0 0 0 rg BT 319.76 128.25 Td (in ) Tj ET Q q 0 0 0 rg BT 329.29 128.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 352.65 128.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 388.77 128.25 Td (voting ) Tj ET Q q 0 0 0 rg BT 416.58 128.25 Td (common ) Tj ET Q q 0 0 0 rg BT 453.83 128.25 Td (shares. ) Tj ET Q q 0 0 0 rg BT 483.57 128.25 Td ( ) Tj ET Q q 0 0 0 rg BT 485.32 128.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 508.68 128.25 Td (matches ) Tj ET Q q 0 0 0 rg BT 543.69 128.25 Td (50% ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 116.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.29 116.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.46 116.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 115.29 116.25 Td (contribution ) Tj ET Q q 0 0 0 rg BT 166.12 116.25 Td (up ) Tj ET Q q 0 0 0 rg BT 178.08 116.25 Td (to ) Tj ET Q q 0 0 0 rg BT 187.81 116.25 Td (5% ) Tj ET Q q 0 0 0 rg BT 203.10 116.25 Td (of ) Tj ET Q q 0 0 0 rg BT 213.38 116.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 241.99 116.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 277.83 116.25 Td (for ) Tj ET Q q 0 0 0 rg BT 291.44 116.25 Td (a ) Tj ET Q q 0 0 0 rg BT 297.84 116.25 Td (total ) Tj ET Q q 0 0 0 rg BT 317.57 116.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 360.07 116.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 394.24 116.25 Td (of ) Tj ET Q q 0 0 0 rg BT 404.52 116.25 Td (2.5% ) Tj ET Q q 0 0 0 rg BT 427.31 116.25 Td (of ) Tj ET Q q 0 0 0 rg BT 437.59 116.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 466.20 116.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 502.04 116.25 Td (per ) Tj ET Q q 0 0 0 rg BT 516.76 116.25 Td (participant. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 104.25 Td (Employees ) Tj ET Q q 0 0 0 rg BT 96.99 104.25 Td (who ) Tj ET Q q 0 0 0 rg BT 116.77 104.25 Td (signed ) Tj ET Q q 0 0 0 rg BT 145.43 104.25 Td (up ) Tj ET Q q 0 0 0 rg BT 157.99 104.25 Td (for ) Tj ET Q q 0 0 0 rg BT 172.20 104.25 Td (the ) Tj ET Q q 0 0 0 rg BT 186.98 104.25 Td (ESPP) Tj ET Q q 0 0 0 rg BT 209.40 104.25 Td ( ) Tj ET Q q 0 0 0 rg BT 211.96 104.25 Td (by ) Tj ET Q q 0 0 0 rg BT 224.51 104.25 Td (May ) Tj ET Q q 0 0 0 rg BT 245.40 104.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 260.45 104.25 Td (201) Tj ET Q q 0 0 0 rg BT 275.08 104.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 282.64 104.25 Td (each ) Tj ET Q q 0 0 0 rg BT 303.51 104.25 Td (received ) Tj ET Q q 0 0 0 rg BT 339.93 104.25 Td (an ) Tj ET Q q 0 0 0 rg BT 351.92 104.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 394.47 104.25 Td (100 ) Tj ET Q q 0 0 0 rg BT 412.03 104.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 448.46 104.25 Td (voting ) Tj ET Q q 0 0 0 rg BT 476.57 104.25 Td (common ) Tj ET Q q 0 0 0 rg BT 514.12 104.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 541.67 104.25 Td (as ) Tj ET Q q 0 0 0 rg BT 552.56 104.25 Td (an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 92.25 Td (initial ) Tj ET Q q 0 0 0 rg BT 76.99 92.25 Td (participation ) Tj ET Q q 0 0 0 rg BT 131.19 92.25 Td (incentive. ) Tj ET Q q 0 0 0 rg BT 174.01 92.25 Td ( ) Tj ET Q q 0 0 0 rg BT 176.86 92.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 201.64 92.25 Td (will ) Tj ET Q q 0 0 0 rg BT 220.86 92.25 Td (also ) Tj ET Q q 0 0 0 rg BT 240.63 92.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 258.73 92.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 319.60 92.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 343.26 92.25 Td (related ) Tj ET Q q 0 0 0 rg BT 374.13 92.25 Td (to ) Tj ET Q q 0 0 0 rg BT 385.57 92.25 Td (this ) Tj ET Q q 0 0 0 rg BT 403.68 92.25 Td (plan. ) Tj ET Q q 0 0 0 rg BT 427.06 92.25 Td (In ) Tj ET Q q 0 0 0 rg BT 439.06 92.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.94 92.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 475.82 92.25 Td (month ) Tj ET Q q 0 0 0 rg BT 505.04 92.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 538.14 92.25 Td (ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.02 92.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 80.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 110.26 80.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.26 80.25 Td ( ) Tj ET Q q 0 0 0 rg BT 132.76 80.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.70 80.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 209.97 80.25 Td (201) Tj ET Q q 0 0 0 rg BT 224.59 80.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.59 80.25 Td (, ) Tj ET Q q 0 0 0 rg BT 234.04 80.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 257.65 80.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 293.47 80.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 315.97 80.25 Td (related ) Tj ET Q q 0 0 0 rg BT 345.67 80.25 Td (to ) Tj ET Q q 0 0 0 rg BT 355.95 80.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.66 80.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 390.38 80.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.21 80.25 Td ($37) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.21 80.25 Td (,000 ) Tj ET Q q 0 0 0 rg BT 436.21 80.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.15 80.25 Td ($24) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.15 80.25 Td (,000 ) Tj ET Q q 0 0 0 rg BT 488.15 80.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 535.81 80.25 Td (.) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 33 0 obj <>] /Rotate 0 /Contents 34 0 R>> endobj 34 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (16) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 742.25 Td (13. SHARE CAPIT) Tj ET Q q 0 0 0 rg BT 152.82 742.25 Td (AL) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (The share capital for the common shares:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 668.75 246.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 668.75 66.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 668.75 56.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 668.75 38.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 668.75 58.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 668.75 7.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 668.75 41.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 637.75 246.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 637.75 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 362.50 637.75 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 637.75 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 637.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 637.75 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 637.75 41.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 709.75 m 362.5 709.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 697.75 m 362.5 697.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 709.75 m 418.5 709.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 697.75 m 418.5 697.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 709.75 m 456.5 709.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 697.75 m 456.5 697.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 709.75 m 514.5 709.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 697.75 m 514.5 697.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 709.75 m 521.5 709.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 709.75 m 562.5 709.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 697.75 m 562.5 697.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 697.75 m 362.5 697.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 668.75 m 362.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 668.75 m 418.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 668.75 m 456.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 697.75 m 514.5 697.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 668.75 m 514.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 697.75 m 521.5 697.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 668.75 m 521.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 697.75 m 562.5 697.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 668.75 m 562.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 668.75 m 362.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 668.75 m 418.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 668.75 m 456.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 668.75 m 514.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 668.75 m 562.5 668.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 637.75 m 362.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 637.75 m 418.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 637.75 m 456.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 637.75 m 514.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 637.75 m 521.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 637.75 m 562.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 637.75 m 362.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 623.75 m 362.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 621.75 m 362.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 637.75 m 418.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 623.75 m 418.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 362.5 621.75 m 418.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 637.75 m 456.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 623.75 m 456.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 621.75 m 456.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 637.75 m 514.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 623.75 m 514.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 621.75 m 514.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 637.75 m 521.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 623.75 m 521.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 621.75 m 521.5 621.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 637.75 m 562.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 623.75 m 562.5 623.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 621.75 m 562.5 621.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 700.48 Td (As of:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 367.25 700.48 Td (September 30, 2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 468.95 700.48 Td (December 31, 2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 317.50 680.98 Td (Shares) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 309.65 672.98 Td (Authorized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 366.60 688.98 Td (Shares Issued) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 383.55 680.98 Td (and) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 368.65 672.98 Td (Outstanding) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 422.95 680.98 Td (Amount) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.30 672.98 Td (\(in '000s\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.50 688.98 Td (Shares) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 466.65 680.98 Td (Issued and) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 463.65 672.98 Td (Outstanding) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 527.45 680.98 Td (Amount) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.80 672.98 Td (\(in '000s\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 657.42 Td (Ordinary) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.60 657.42 Td (800,000,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.60 657.42 Td (4,628,292) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.00 657.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.65 657.42 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.60 657.42 Td (4,625,526) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.00 657.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 657.42 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 642.42 Td (Restricted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.60 642.42 Td (100,000,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.60 642.42 Td (13,804,861) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.00 642.42 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.60 642.42 Td (13,804,861) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.00 642.42 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 627.42 Td (Total common shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.60 627.42 Td (900,000,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.60 627.42 Td (18,433,153) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.00 627.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 627.42 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.60 627.42 Td (18,430,387) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.00 627.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 627.42 Td (18) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 597.85 Td (All ) Tj ET Q q 0 0 0 rg BT 65.75 597.85 Td (of ) Tj ET Q q 0 0 0 rg BT 77.06 597.85 Td (the ) Tj ET Q q 0 0 0 rg BT 92.25 597.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 120.23 597.85 Td (and ) Tj ET Q q 0 0 0 rg BT 137.64 597.85 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 187.28 597.85 Td (restricted ) Tj ET Q q 0 0 0 rg BT 227.46 597.85 Td (voting ) Tj ET Q q 0 0 0 rg BT 255.99 597.85 Td (common ) Tj ET Q q 0 0 0 rg BT 293.96 597.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 321.92 597.85 Td (are ) Tj ET Q q 0 0 0 rg BT 337.11 597.85 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 387.28 597.85 Td (owned ) Tj ET Q q 0 0 0 rg BT 416.91 597.85 Td (or ) Tj ET Q q 0 0 0 rg BT 428.22 597.85 Td (controlled ) Tj ET Q q 0 0 0 rg BT 471.74 597.85 Td (by ) Tj ET Q q 0 0 0 rg BT 484.71 597.85 Td (Kingsway ) Tj ET Q q 0 0 0 rg BT 527.58 597.85 Td (America ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 585.85 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 70.26 585.85 Td (\("Kingsway"\) ) Tj ET Q q 0 0 0 rg BT 128.12 585.85 Td (a ) Tj ET Q q 0 0 0 rg BT 135.05 585.85 Td (wholly ) Tj ET Q q 0 0 0 rg BT 165.31 585.85 Td (owned ) Tj ET Q q 0 0 0 rg BT 194.46 585.85 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 238.06 585.85 Td (of ) Tj ET Q q 0 0 0 rg BT 248.87 585.85 Td (Kingsway ) Tj ET Q q 0 0 0 rg BT 291.91 585.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 331.61 585.85 Td (Services ) Tj ET Q q 0 0 0 rg BT 367.98 585.85 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 385.73 585.85 Td (or ) Tj ET Q q 0 0 0 rg BT 396.55 585.85 Td (other ) Tj ET Q q 0 0 0 rg BT 419.59 585.85 Td (Kingsway ) Tj ET Q q 0 0 0 rg BT 462.63 585.85 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 514.83 585.85 Td (In ) Tj ET Q q 0 0 0 rg BT 525.65 585.85 Td (the ) Tj ET Q q 0 0 0 rg BT 540.35 585.85 Td (event ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 573.85 Td (that ) Tj ET Q q 0 0 0 rg BT 67.38 573.85 Td (such ) Tj ET Q q 0 0 0 rg BT 88.09 573.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 115.47 573.85 Td (are ) Tj ET Q q 0 0 0 rg BT 130.06 573.85 Td (disposed ) Tj ET Q q 0 0 0 rg BT 167.44 573.85 Td (of ) Tj ET Q q 0 0 0 rg BT 178.16 573.85 Td (such ) Tj ET Q q 0 0 0 rg BT 198.87 573.85 Td (that ) Tj ET Q q 0 0 0 rg BT 216.25 573.85 Td (Kingsway) Tj ET Q q 0 0 0 rg BT 259.58 573.85 Td (s ) Tj ET Q q 0 0 0 rg BT 265.86 573.85 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 307.66 573.85 Td (interest ) Tj ET Q q 0 0 0 rg BT 339.48 573.85 Td (is ) Tj ET Q q 0 0 0 rg BT 348.53 573.85 Td (less ) Tj ET Q q 0 0 0 rg BT 365.92 573.85 Td (than ) Tj ET Q q 0 0 0 rg BT 385.52 573.85 Td (10% ) Tj ET Q q 0 0 0 rg BT 406.23 573.85 Td (of ) Tj ET Q q 0 0 0 rg BT 416.95 573.85 Td (the ) Tj ET Q q 0 0 0 rg BT 431.55 573.85 Td (issued ) Tj ET Q q 0 0 0 rg BT 458.93 573.85 Td (and ) Tj ET Q q 0 0 0 rg BT 475.76 573.85 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 524.80 573.85 Td (restricted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 561.85 Td (voting ) Tj ET Q q 0 0 0 rg BT 77.69 561.85 Td (common ) Tj ET Q q 0 0 0 rg BT 114.82 561.85 Td (shares, ) Tj ET Q q 0 0 0 rg BT 144.45 561.85 Td (the ) Tj ET Q q 0 0 0 rg BT 158.80 561.85 Td (restricted ) Tj ET Q q 0 0 0 rg BT 198.14 561.85 Td (voting ) Tj ET Q q 0 0 0 rg BT 225.83 561.85 Td (common ) Tj ET Q q 0 0 0 rg BT 262.96 561.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 290.08 561.85 Td (shall ) Tj ET Q q 0 0 0 rg BT 311.11 561.85 Td (be ) Tj ET Q q 0 0 0 rg BT 322.68 561.85 Td (converted ) Tj ET Q q 0 0 0 rg BT 364.24 561.85 Td (into ) Tj ET Q q 0 0 0 rg BT 381.93 561.85 Td (fully ) Tj ET Q q 0 0 0 rg BT 402.95 561.85 Td (paid ) Tj ET Q q 0 0 0 rg BT 422.31 561.85 Td (and ) Tj ET Q q 0 0 0 rg BT 438.88 561.85 Td (non-assessable ) Tj ET Q q 0 0 0 rg BT 500.44 561.85 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 536.46 561.85 Td (voting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 549.85 Td (common ) Tj ET Q q 0 0 0 rg BT 87.50 549.85 Td (shares.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 532.85 Td (The ) Tj ET Q q 0 0 0 rg BT 67.49 532.85 Td (restricted ) Tj ET Q q 0 0 0 rg BT 106.63 532.85 Td (voting ) Tj ET Q q 0 0 0 rg BT 134.13 532.85 Td (common ) Tj ET Q q 0 0 0 rg BT 171.07 532.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 198.00 532.85 Td (are ) Tj ET Q q 0 0 0 rg BT 212.15 532.85 Td (entitled ) Tj ET Q q 0 0 0 rg BT 244.08 532.85 Td (to ) Tj ET Q q 0 0 0 rg BT 253.81 532.85 Td (vote ) Tj ET Q q 0 0 0 rg BT 272.96 532.85 Td (at ) Tj ET Q q 0 0 0 rg BT 282.12 532.85 Td (all ) Tj ET Q q 0 0 0 rg BT 294.06 532.85 Td (meetings ) Tj ET Q q 0 0 0 rg BT 332.11 532.85 Td (of ) Tj ET Q q 0 0 0 rg BT 342.38 532.85 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 397.36 532.85 Td (except ) Tj ET Q q 0 0 0 rg BT 425.40 532.85 Td (at ) Tj ET Q q 0 0 0 rg BT 434.55 532.85 Td (meetings ) Tj ET Q q 0 0 0 rg BT 472.60 532.85 Td (of ) Tj ET Q q 0 0 0 rg BT 482.87 532.85 Td (holders ) Tj ET Q q 0 0 0 rg BT 514.25 532.85 Td (of ) Tj ET Q q 0 0 0 rg BT 524.53 532.85 Td (a ) Tj ET Q q 0 0 0 rg BT 530.91 532.85 Td (specific ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 520.85 Td (class ) Tj ET Q q 0 0 0 rg BT 71.79 520.85 Td (that ) Tj ET Q q 0 0 0 rg BT 89.14 520.85 Td (are ) Tj ET Q q 0 0 0 rg BT 103.71 520.85 Td (entitled ) Tj ET Q q 0 0 0 rg BT 136.05 520.85 Td (to ) Tj ET Q q 0 0 0 rg BT 146.18 520.85 Td (vote ) Tj ET Q q 0 0 0 rg BT 165.76 520.85 Td (separately ) Tj ET Q q 0 0 0 rg BT 208.64 520.85 Td (as ) Tj ET Q q 0 0 0 rg BT 219.33 520.85 Td (a ) Tj ET Q q 0 0 0 rg BT 226.12 520.85 Td (class. ) Tj ET Q q 0 0 0 rg BT 250.42 520.85 Td ( ) Tj ET Q q 0 0 0 rg BT 252.60 520.85 Td (The ) Tj ET Q q 0 0 0 rg BT 270.50 520.85 Td (restricted ) Tj ET Q q 0 0 0 rg BT 310.06 520.85 Td (voting ) Tj ET Q q 0 0 0 rg BT 337.97 520.85 Td (common ) Tj ET Q q 0 0 0 rg BT 375.32 520.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 402.67 520.85 Td (as ) Tj ET Q q 0 0 0 rg BT 413.35 520.85 Td (a ) Tj ET Q q 0 0 0 rg BT 420.14 520.85 Td (class ) Tj ET Q q 0 0 0 rg BT 441.94 520.85 Td (shall ) Tj ET Q q 0 0 0 rg BT 463.18 520.85 Td (not ) Tj ET Q q 0 0 0 rg BT 478.31 520.85 Td (carry ) Tj ET Q q 0 0 0 rg BT 501.20 520.85 Td (more ) Tj ET Q q 0 0 0 rg BT 524.11 520.85 Td (than ) Tj ET Q q 0 0 0 rg BT 543.68 520.85 Td (30% ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 508.85 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 508.85 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 508.85 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 116.91 508.85 Td (votes ) Tj ET Q q 0 0 0 rg BT 140.52 508.85 Td (eligible ) Tj ET Q q 0 0 0 rg BT 173.01 508.85 Td (to ) Tj ET Q q 0 0 0 rg BT 183.29 508.85 Td (be ) Tj ET Q q 0 0 0 rg BT 195.22 508.85 Td (voted ) Tj ET Q q 0 0 0 rg BT 219.94 508.85 Td (at ) Tj ET Q q 0 0 0 rg BT 229.66 508.85 Td (a ) Tj ET Q q 0 0 0 rg BT 236.60 508.85 Td (general ) Tj ET Q q 0 0 0 rg BT 268.52 508.85 Td (meeting ) Tj ET Q q 0 0 0 rg BT 303.23 508.85 Td (of ) Tj ET Q q 0 0 0 rg BT 314.06 508.85 Td (common ) Tj ET Q q 0 0 0 rg BT 351.56 508.85 Td (shareholders. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 491.85 Td (The ) Tj ET Q q 0 0 0 rg BT 68.69 491.85 Td (restricted ) Tj ET Q q 0 0 0 rg BT 109.04 491.85 Td (voting ) Tj ET Q q 0 0 0 rg BT 137.74 491.85 Td (common ) Tj ET Q q 0 0 0 rg BT 175.88 491.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 204.01 491.85 Td (will ) Tj ET Q q 0 0 0 rg BT 222.71 491.85 Td (convert ) Tj ET Q q 0 0 0 rg BT 255.84 491.85 Td (to ) Tj ET Q q 0 0 0 rg BT 266.76 491.85 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 303.78 491.85 Td (voting ) Tj ET Q q 0 0 0 rg BT 332.48 491.85 Td (common ) Tj ET Q q 0 0 0 rg BT 370.62 491.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 398.75 491.85 Td (in ) Tj ET Q q 0 0 0 rg BT 409.67 491.85 Td (the ) Tj ET Q q 0 0 0 rg BT 425.04 491.85 Td (event ) Tj ET Q q 0 0 0 rg BT 449.83 491.85 Td (that ) Tj ET Q q 0 0 0 rg BT 467.97 491.85 Td (these ) Tj ET Q q 0 0 0 rg BT 491.66 491.85 Td (Kingsway ) Tj ET Q q 0 0 0 rg BT 535.36 491.85 Td (owned ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 479.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 77.49 479.85 Td (are ) Tj ET Q q 0 0 0 rg BT 92.20 479.85 Td (sold ) Tj ET Q q 0 0 0 rg BT 111.37 479.85 Td (to ) Tj ET Q q 0 0 0 rg BT 121.65 479.85 Td (non-af) Tj ET Q q 0 0 0 rg BT 147.56 479.85 Td (filiates ) Tj ET Q q 0 0 0 rg BT 177.28 479.85 Td (of ) Tj ET Q q 0 0 0 rg BT 188.11 479.85 Td (the ) Tj ET Q q 0 0 0 rg BT 202.82 479.85 Td (Company) Tj ET Q q 0 0 0 rg BT 241.06 479.85 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 462.85 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 89.32 462.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 116.43 462.85 Td (are ) Tj ET Q q 0 0 0 rg BT 130.75 462.85 Td (not ) Tj ET Q q 0 0 0 rg BT 145.65 462.85 Td (entitled ) Tj ET Q q 0 0 0 rg BT 177.76 462.85 Td (to ) Tj ET Q q 0 0 0 rg BT 187.66 462.85 Td (vote ) Tj ET Q q 0 0 0 rg BT 206.99 462.85 Td (and ) Tj ET Q q 0 0 0 rg BT 223.55 462.85 Td (are ) Tj ET Q q 0 0 0 rg BT 237.88 462.85 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 287.19 462.85 Td (owned ) Tj ET Q q 0 0 0 rg BT 315.97 462.85 Td (or ) Tj ET Q q 0 0 0 rg BT 326.42 462.85 Td (controlled ) Tj ET Q q 0 0 0 rg BT 369.08 462.85 Td (by ) Tj ET Q q 0 0 0 rg BT 381.20 462.85 Td (Kingsway) Tj ET Q q 0 0 0 rg BT 421.10 462.85 Td (. ) Tj ET Q q 0 0 0 rg BT 425.72 462.85 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 465.04 462.85 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 517.70 462.85 Td (are ) Tj ET Q q 0 0 0 rg BT 532.02 462.85 Td (entitled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 450.85 Td (to ) Tj ET Q q 0 0 0 rg BT 60.08 450.85 Td (dividends ) Tj ET Q q 0 0 0 rg BT 101.27 450.85 Td (on ) Tj ET Q q 0 0 0 rg BT 113.57 450.85 Td (a ) Tj ET Q q 0 0 0 rg BT 120.31 450.85 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 167.04 450.85 Td (basis ) Tj ET Q q 0 0 0 rg BT 189.34 450.85 Td (whether ) Tj ET Q q 0 0 0 rg BT 223.85 450.85 Td (or ) Tj ET Q q 0 0 0 rg BT 234.48 450.85 Td (not ) Tj ET Q q 0 0 0 rg BT 249.56 450.85 Td (declared ) Tj ET Q q 0 0 0 rg BT 285.72 450.85 Td (by ) Tj ET Q q 0 0 0 rg BT 298.02 450.85 Td (the ) Tj ET Q q 0 0 0 rg BT 312.54 450.85 Td (Board ) Tj ET Q q 0 0 0 rg BT 339.28 450.85 Td (of ) Tj ET Q q 0 0 0 rg BT 349.91 450.85 Td (Directors ) Tj ET Q q 0 0 0 rg BT 389.42 450.85 Td (at ) Tj ET Q q 0 0 0 rg BT 398.94 450.85 Td (the ) Tj ET Q q 0 0 0 rg BT 413.46 450.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 430.74 450.85 Td (of ) Tj ET Q q 0 0 0 rg BT 441.38 450.85 Td (U.S. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.46 450.85 Td ($0.045) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.96 450.85 Td ( ) Tj ET Q q 0 0 0 rg BT 491.26 450.85 Td (per ) Tj ET Q q 0 0 0 rg BT 506.33 450.85 Td (share ) Tj ET Q q 0 0 0 rg BT 529.73 450.85 Td (per ) Tj ET Q q 0 0 0 rg BT 544.80 450.85 Td (year ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 438.85 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.33 438.85 Td (4.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.16 438.85 Td (\) ) Tj ET Q q 0 0 0 rg BT 80.07 438.85 Td (and ) Tj ET Q q 0 0 0 rg BT 97.08 438.85 Td (may ) Tj ET Q q 0 0 0 rg BT 116.87 438.85 Td (be ) Tj ET Q q 0 0 0 rg BT 128.89 438.85 Td (paid ) Tj ET Q q 0 0 0 rg BT 148.68 438.85 Td (in ) Tj ET Q q 0 0 0 rg BT 159.03 438.85 Td (cash ) Tj ET Q q 0 0 0 rg BT 179.38 438.85 Td (or ) Tj ET Q q 0 0 0 rg BT 190.28 438.85 Td (in ) Tj ET Q q 0 0 0 rg BT 200.64 438.85 Td (additional ) Tj ET Q q 0 0 0 rg BT 243.20 438.85 Td (preferred ) Tj ET Q q 0 0 0 rg BT 282.41 438.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 309.98 438.85 Td (at ) Tj ET Q q 0 0 0 rg BT 319.77 438.85 Td (the ) Tj ET Q q 0 0 0 rg BT 334.57 438.85 Td (option ) Tj ET Q q 0 0 0 rg BT 362.70 438.85 Td (of ) Tj ET Q q 0 0 0 rg BT 373.04 438.85 Td (Atlas. ) Tj ET Q q 0 0 0 rg BT 399.22 438.85 Td (In ) Tj ET Q q 0 0 0 rg BT 410.13 438.85 Td (liquidation, ) Tj ET Q q 0 0 0 rg BT 458.53 438.85 Td (dissolution ) Tj ET Q q 0 0 0 rg BT 505.00 438.85 Td (or ) Tj ET Q q 0 0 0 rg BT 515.91 438.85 Td (winding-up ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 426.85 Td (of ) Tj ET Q q 0 0 0 rg BT 60.28 426.85 Td (Atlas, ) Tj ET Q q 0 0 0 rg BT 86.38 426.85 Td (preferred ) Tj ET Q q 0 0 0 rg BT 125.52 426.85 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 178.56 426.85 Td (receive ) Tj ET Q q 0 0 0 rg BT 209.92 426.85 Td (the ) Tj ET Q q 0 0 0 rg BT 224.63 426.85 Td (greater ) Tj ET Q q 0 0 0 rg BT 254.89 426.85 Td (of ) Tj ET Q q 0 0 0 rg BT 265.71 426.85 Td (US) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.50 426.85 Td ($1.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 426.85 Td ( ) Tj ET Q q 0 0 0 rg BT 303.50 426.85 Td (per ) Tj ET Q q 0 0 0 rg BT 318.76 426.85 Td (share ) Tj ET Q q 0 0 0 rg BT 342.36 426.85 Td (plus ) Tj ET Q q 0 0 0 rg BT 361.53 426.85 Td (all ) Tj ET Q q 0 0 0 rg BT 374.03 426.85 Td (declared ) Tj ET Q q 0 0 0 rg BT 410.39 426.85 Td (and ) Tj ET Q q 0 0 0 rg BT 427.32 426.85 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 457.04 426.85 Td (dividends ) Tj ET Q q 0 0 0 rg BT 498.43 426.85 Td (or ) Tj ET Q q 0 0 0 rg BT 509.25 426.85 Td (the ) Tj ET Q q 0 0 0 rg BT 523.97 426.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 556.46 426.85 Td (it ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 414.85 Td (would ) Tj ET Q q 0 0 0 rg BT 78.11 414.85 Td (receive ) Tj ET Q q 0 0 0 rg BT 110.09 414.85 Td (in ) Tj ET Q q 0 0 0 rg BT 120.98 414.85 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 167.43 414.85 Td (if ) Tj ET Q q 0 0 0 rg BT 176.65 414.85 Td (the ) Tj ET Q q 0 0 0 rg BT 191.98 414.85 Td (preferred ) Tj ET Q q 0 0 0 rg BT 231.73 414.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 259.84 414.85 Td (had ) Tj ET Q q 0 0 0 rg BT 277.39 414.85 Td (been ) Tj ET Q q 0 0 0 rg BT 299.38 414.85 Td (converted ) Tj ET Q q 0 0 0 rg BT 341.92 414.85 Td (to ) Tj ET Q q 0 0 0 rg BT 352.81 414.85 Td (restricted ) Tj ET Q q 0 0 0 rg BT 393.13 414.85 Td (voting ) Tj ET Q q 0 0 0 rg BT 421.80 414.85 Td (common ) Tj ET Q q 0 0 0 rg BT 459.91 414.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 488.01 414.85 Td (or ) Tj ET Q q 0 0 0 rg BT 499.46 414.85 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 536.45 414.85 Td (voting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 402.85 Td (common ) Tj ET Q q 0 0 0 rg BT 87.45 402.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 114.89 402.85 Td (immediately ) Tj ET Q q 0 0 0 rg BT 167.32 402.85 Td (prior ) Tj ET Q q 0 0 0 rg BT 189.21 402.85 Td (to ) Tj ET Q q 0 0 0 rg BT 199.44 402.85 Td (liquidation. ) Tj ET Q q 0 0 0 rg BT 247.72 402.85 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 287.37 402.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 314.81 402.85 Td (are ) Tj ET Q q 0 0 0 rg BT 329.46 402.85 Td (convertible ) Tj ET Q q 0 0 0 rg BT 376.89 402.85 Td (into ) Tj ET Q q 0 0 0 rg BT 394.90 402.85 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 431.23 402.85 Td (voting ) Tj ET Q q 0 0 0 rg BT 459.24 402.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 486.68 402.85 Td (at ) Tj ET Q q 0 0 0 rg BT 496.34 402.85 Td (the ) Tj ET Q q 0 0 0 rg BT 511.01 402.85 Td (option ) Tj ET Q q 0 0 0 rg BT 539.02 402.85 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 402.85 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 390.85 Td (holder ) Tj ET Q q 0 0 0 rg BT 78.32 390.85 Td (at ) Tj ET Q q 0 0 0 rg BT 88.32 390.85 Td (any ) Tj ET Q q 0 0 0 rg BT 105.53 390.85 Td (date ) Tj ET Q q 0 0 0 rg BT 124.97 390.85 Td (after ) Tj ET Q q 0 0 0 rg BT 146.06 390.85 Td (the ) Tj ET Q q 0 0 0 rg BT 161.05 390.85 Td (fifth ) Tj ET Q q 0 0 0 rg BT 181.05 390.85 Td (year ) Tj ET Q q 0 0 0 rg BT 201.03 390.85 Td (of ) Tj ET Q q 0 0 0 rg BT 212.14 390.85 Td (issuance ) Tj ET Q q 0 0 0 rg BT 248.79 390.85 Td (at ) Tj ET Q q 0 0 0 rg BT 258.79 390.85 Td (the ) Tj ET Q q 0 0 0 rg BT 273.78 390.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 291.54 390.85 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.65 390.85 Td (0.3808) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.15 390.85 Td ( ) Tj ET Q q 0 0 0 rg BT 332.93 390.85 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 369.58 390.85 Td (voting ) Tj ET Q q 0 0 0 rg BT 397.92 390.85 Td (common ) Tj ET Q q 0 0 0 rg BT 435.69 390.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 463.46 390.85 Td (for ) Tj ET Q q 0 0 0 rg BT 477.90 390.85 Td (each ) Tj ET Q q 0 0 0 rg BT 498.99 390.85 Td (preferred ) Tj ET Q q 0 0 0 rg BT 538.40 390.85 Td (share. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 378.85 Td (The ) Tj ET Q q 0 0 0 rg BT 68.64 378.85 Td (conversion ) Tj ET Q q 0 0 0 rg BT 115.62 378.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 133.70 378.85 Td (is ) Tj ET Q q 0 0 0 rg BT 143.46 378.85 Td (subject ) Tj ET Q q 0 0 0 rg BT 174.88 378.85 Td (to ) Tj ET Q q 0 0 0 rg BT 185.76 378.85 Td (change ) Tj ET Q q 0 0 0 rg BT 217.17 378.85 Td (if ) Tj ET Q q 0 0 0 rg BT 226.37 378.85 Td (the ) Tj ET Q q 0 0 0 rg BT 241.68 378.85 Td (number ) Tj ET Q q 0 0 0 rg BT 275.33 378.85 Td (of ) Tj ET Q q 0 0 0 rg BT 286.75 378.85 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 323.73 378.85 Td (voting ) Tj ET Q q 0 0 0 rg BT 352.38 378.85 Td (common ) Tj ET Q q 0 0 0 rg BT 390.47 378.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 418.55 378.85 Td (or ) Tj ET Q q 0 0 0 rg BT 429.98 378.85 Td (restricted ) Tj ET Q q 0 0 0 rg BT 470.28 378.85 Td (voting ) Tj ET Q q 0 0 0 rg BT 498.93 378.85 Td (common ) Tj ET Q q 0 0 0 rg BT 537.02 378.85 Td (shares ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 366.85 Td (changes. ) Tj ET Q q 0 0 0 rg BT 87.88 366.85 Td ( ) Tj ET Q q 0 0 0 rg BT 90.83 366.85 Td (The ) Tj ET Q q 0 0 0 rg BT 109.55 366.85 Td (preferred ) Tj ET Q q 0 0 0 rg BT 149.36 366.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 177.52 366.85 Td (are ) Tj ET Q q 0 0 0 rg BT 192.90 366.85 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 242.15 366.85 Td (at ) Tj ET Q q 0 0 0 rg BT 252.54 366.85 Td (the ) Tj ET Q q 0 0 0 rg BT 267.93 366.85 Td (option ) Tj ET Q q 0 0 0 rg BT 296.67 366.85 Td (of ) Tj ET Q q 0 0 0 rg BT 307.47 366.85 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 331.75 366.85 Td (at ) Tj ET Q q 0 0 0 rg BT 342.14 366.85 Td (a ) Tj ET Q q 0 0 0 rg BT 349.75 366.85 Td (price ) Tj ET Q q 0 0 0 rg BT 372.91 366.85 Td (of ) Tj ET Q q 0 0 0 rg BT 384.42 366.85 Td (US) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.20 366.85 Td ($1.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.70 366.85 Td ( ) Tj ET Q q 0 0 0 rg BT 422.87 366.85 Td (per ) Tj ET Q q 0 0 0 rg BT 438.82 366.85 Td (share ) Tj ET Q q 0 0 0 rg BT 463.09 366.85 Td (plus ) Tj ET Q q 0 0 0 rg BT 482.93 366.85 Td (accrued ) Tj ET Q q 0 0 0 rg BT 517.19 366.85 Td (and ) Tj ET Q q 0 0 0 rg BT 534.80 366.85 Td (unpaid ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 354.85 Td (dividends ) Tj ET Q q 0 0 0 rg BT 91.28 354.85 Td (commencing ) Tj ET Q q 0 0 0 rg BT 145.33 354.85 Td (at ) Tj ET Q q 0 0 0 rg BT 154.94 354.85 Td (the ) Tj ET Q q 0 0 0 rg BT 169.55 354.85 Td (earlier ) Tj ET Q q 0 0 0 rg BT 197.47 354.85 Td (of ) Tj ET Q q 0 0 0 rg BT 208.20 354.85 Td (two ) Tj ET Q q 0 0 0 rg BT 225.59 354.85 Td (years ) Tj ET Q q 0 0 0 rg BT 249.08 354.85 Td (from ) Tj ET Q q 0 0 0 rg BT 270.92 354.85 Td (issuance ) Tj ET Q q 0 0 0 rg BT 307.19 354.85 Td (date ) Tj ET Q q 0 0 0 rg BT 326.24 354.85 Td (\(December ) Tj ET Q q 0 0 0 rg BT 373.04 354.85 Td (31, ) Tj ET Q q 0 0 0 rg BT 387.94 354.85 Td (2012\) ) Tj ET Q q 0 0 0 rg BT 413.66 354.85 Td (of ) Tj ET Q q 0 0 0 rg BT 424.39 354.85 Td (the ) Tj ET Q q 0 0 0 rg BT 439.00 354.85 Td (preferred ) Tj ET Q q 0 0 0 rg BT 478.03 354.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 505.41 354.85 Td (or ) Tj ET Q q 0 0 0 rg BT 516.14 354.85 Td (the ) Tj ET Q q 0 0 0 rg BT 530.75 354.85 Td (date ) Tj ET Q q 0 0 0 rg BT 549.80 354.85 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 342.85 Td (preferred ) Tj ET Q q 0 0 0 rg BT 89.30 342.85 Td (shares ) Tj ET Q q 0 0 0 rg BT 116.96 342.85 Td (are ) Tj ET Q q 0 0 0 rg BT 131.84 342.85 Td (transferred ) Tj ET Q q 0 0 0 rg BT 177.81 342.85 Td (to ) Tj ET Q q 0 0 0 rg BT 188.26 342.85 Td (a ) Tj ET Q q 0 0 0 rg BT 195.37 342.85 Td (party ) Tj ET Q q 0 0 0 rg BT 218.58 342.85 Td (other ) Tj ET Q q 0 0 0 rg BT 241.80 342.85 Td (than ) Tj ET Q q 0 0 0 rg BT 261.68 342.85 Td (Kingsway ) Tj ET Q q 0 0 0 rg BT 304.90 342.85 Td (or ) Tj ET Q q 0 0 0 rg BT 315.90 342.85 Td (its ) Tj ET Q q 0 0 0 rg BT 328.02 342.85 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 377.90 342.85 Td (or ) Tj ET Q q 0 0 0 rg BT 388.90 342.85 Td (entities ) Tj ET Q q 0 0 0 rg BT 420.45 342.85 Td (in ) Tj ET Q q 0 0 0 rg BT 430.90 342.85 Td (which ) Tj ET Q q 0 0 0 rg BT 458.01 342.85 Td (Kingsway ) Tj ET Q q 0 0 0 rg BT 501.23 342.85 Td (holds ) Tj ET Q q 0 0 0 rg BT 525.56 342.85 Td (a ) Tj ET Q q 0 0 0 rg BT 532.67 342.85 Td (10% ) Tj ET Q q 0 0 0 rg BT 553.67 342.85 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 330.85 Td (greater ) Tj ET Q q 0 0 0 rg BT 80.25 330.85 Td (interest.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 313.85 Td (The ) Tj ET Q q 0 0 0 rg BT 67.83 313.85 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 114.55 313.85 Td (amount ) Tj ET Q q 0 0 0 rg BT 146.83 313.85 Td (of ) Tj ET Q q 0 0 0 rg BT 157.44 313.85 Td (dividends ) Tj ET Q q 0 0 0 rg BT 198.61 313.85 Td (to ) Tj ET Q q 0 0 0 rg BT 208.68 313.85 Td (which ) Tj ET Q q 0 0 0 rg BT 235.40 313.85 Td (the ) Tj ET Q q 0 0 0 rg BT 249.90 313.85 Td (preferred ) Tj ET Q q 0 0 0 rg BT 288.82 313.85 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 341.65 313.85 Td (are ) Tj ET Q q 0 0 0 rg BT 356.14 313.85 Td (entitled ) Tj ET Q q 0 0 0 rg BT 388.41 313.85 Td (upon ) Tj ET Q q 0 0 0 rg BT 410.70 313.85 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 456.31 313.85 Td (or ) Tj ET Q q 0 0 0 rg BT 466.93 313.85 Td (sooner) Tj ET Q q 0 0 0 rg BT 493.19 313.85 Td (, ) Tj ET Q q 0 0 0 rg BT 497.97 313.85 Td (if ) Tj ET Q q 0 0 0 rg BT 505.86 313.85 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 529.26 313.85 Td (declares ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 301.85 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 93.89 301.85 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.06 301.85 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 123.06 301.85 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.95 301.85 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.45 301.85 Td (as ) Tj ET Q q 0 0 0 rg BT 165.28 301.85 Td (of ) Tj ET Q q 0 0 0 rg BT 176.11 301.85 Td (the ) Tj ET Q q 0 0 0 rg BT 190.83 301.85 Td (period ) Tj ET Q q 0 0 0 rg BT 218.87 301.85 Td (ended ) Tj ET Q q 0 0 0 rg BT 245.25 301.85 Td (September ) Tj ET Q q 0 0 0 rg BT 290.51 301.85 Td (30, ) Tj ET Q q 0 0 0 rg BT 305.51 301.85 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.51 301.85 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 281.25 Td (14. DEFERRED POLICY) Tj ET Q q 0 0 0 rg BT 179.03 281.25 Td ( ) Tj ET Q q 0 0 0 rg BT 180.97 281.25 Td (ACQUISITION COSTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 264.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 88.03 264.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 115.52 264.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 161.90 264.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 184.40 264.25 Td (for ) Tj ET Q q 0 0 0 rg BT 198.56 264.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.28 264.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 233.00 264.25 Td (month ) Tj ET Q q 0 0 0 rg BT 261.05 264.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 292.99 264.25 Td (ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.87 264.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.37 264.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 379.63 264.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.63 264.25 Td ( ) Tj ET Q q 0 0 0 rg BT 402.13 264.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.07 264.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 479.34 264.25 Td (201) Tj ET Q q 0 0 0 rg BT 493.96 264.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.96 264.25 Td ( ) Tj ET Q q 0 0 0 rg BT 501.46 264.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 515.07 264.25 Td ('000s\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 222.75 344.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 222.75 7.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 222.75 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 222.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 222.75 83.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 196.75 344.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 196.75 7.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 196.75 73.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 196.75 5.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 196.75 83.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 248.75 m 474.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 222.75 m 474.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 248.75 m 479.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 222.75 m 479.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 248.75 m 562.5 248.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 222.75 m 562.5 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 183.75 m 474.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 183.75 m 562.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 183.75 m 474.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 171.75 m 474.5 171.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 169.75 m 474.5 169.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 183.75 m 479.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 171.75 m 479.5 171.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 169.75 m 479.5 169.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 183.75 m 562.5 183.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 171.75 m 562.5 171.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 169.75 m 562.5 169.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 409.50 237.43 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 430.00 227.43 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 490.00 237.43 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 510.75 227.43 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 213.32 Td (Balance, beginning of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.00 213.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.15 213.32 Td (3,020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.00 213.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 213.32 Td (3,804) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 200.32 Td (Acquisition costs deferred) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.15 200.32 Td (6,063) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 200.32 Td (5,111) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 187.32 Td (Amortization charged to income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.15 187.32 Td (4,582) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 187.32 Td (5,343) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 174.32 Td (Balance, end of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.00 174.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.15 174.32 Td (4,501) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.00 174.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 174.32 Td (3,572) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 150.25 Td (15. RELA) Tj ET Q q 0 0 0 rg BT 110.04 150.25 Td (TED P) Tj ET Q q 0 0 0 rg BT 138.47 150.25 Td (AR) Tj ET Q q 0 0 0 rg BT 152.56 150.25 Td (TY) Tj ET Q q 0 0 0 rg BT 166.08 150.25 Td ( ) Tj ET Q q 0 0 0 rg BT 168.40 150.25 Td (TRANSACTIONS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 133.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.29 133.25 Td (business ) Tj ET Q q 0 0 0 rg BT 104.93 133.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.40 133.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 139.25 133.25 Td (is ) Tj ET Q q 0 0 0 rg BT 148.66 133.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 179.16 133.25 Td (on ) Tj ET Q q 0 0 0 rg BT 191.90 133.25 Td (through ) Tj ET Q q 0 0 0 rg BT 225.76 133.25 Td (its ) Tj ET Q q 0 0 0 rg BT 237.95 133.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 279.01 133.25 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 330.86 133.25 Td (Atlas) Tj ET Q q 0 0 0 rg BT 354.56 133.25 Td ( ) Tj ET Q q 0 0 0 rg BT 357.30 133.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 398.36 133.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 448.33 133.25 Td (have ) Tj ET Q q 0 0 0 rg BT 469.95 133.25 Td (been ) Tj ET Q q 0 0 0 rg BT 491.57 133.25 Td (a ) Tj ET Q q 0 0 0 rg BT 498.75 133.25 Td (party ) Tj ET Q q 0 0 0 rg BT 522.04 133.25 Td (to ) Tj ET Q q 0 0 0 rg BT 532.56 133.25 Td (various ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 121.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 101.27 121.25 Td (with ) Tj ET Q q 0 0 0 rg BT 122.56 121.25 Td (af) Tj ET Q q 0 0 0 rg BT 130.15 121.25 Td (filiates ) Tj ET Q q 0 0 0 rg BT 160.87 121.25 Td (in ) Tj ET Q q 0 0 0 rg BT 172.15 121.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.88 121.25 Td (past, ) Tj ET Q q 0 0 0 rg BT 210.00 121.25 Td (although ) Tj ET Q q 0 0 0 rg BT 248.50 121.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 282.00 121.25 Td (in ) Tj ET Q q 0 0 0 rg BT 293.28 121.25 Td (this ) Tj ET Q q 0 0 0 rg BT 311.24 121.25 Td (regard ) Tj ET Q q 0 0 0 rg BT 340.29 121.25 Td (has ) Tj ET Q q 0 0 0 rg BT 357.12 121.25 Td (diminished ) Tj ET Q q 0 0 0 rg BT 405.08 121.25 Td (over ) Tj ET Q q 0 0 0 rg BT 426.35 121.25 Td (time. ) Tj ET Q q 0 0 0 rg BT 450.13 121.25 Td ( ) Tj ET Q q 0 0 0 rg BT 453.64 121.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 487.69 121.25 Td (party ) Tj ET Q q 0 0 0 rg BT 511.75 121.25 Td (transactions, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 109.25 Td (including ) Tj ET Q q 0 0 0 rg BT 90.07 109.25 Td (services ) Tj ET Q q 0 0 0 rg BT 124.58 109.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 162.43 109.25 Td (to ) Tj ET Q q 0 0 0 rg BT 172.50 109.25 Td (or ) Tj ET Q q 0 0 0 rg BT 183.13 109.25 Td (received ) Tj ET Q q 0 0 0 rg BT 219.30 109.25 Td (by ) Tj ET Q q 0 0 0 rg BT 231.09 109.25 Td (Atlas) Tj ET Q q 0 0 0 rg BT 254.79 109.25 Td ( ) Tj ET Q q 0 0 0 rg BT 257.08 109.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 297.70 109.25 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 349.72 109.25 Td (are ) Tj ET Q q 0 0 0 rg BT 364.22 109.25 Td (carried ) Tj ET Q q 0 0 0 rg BT 394.28 109.25 Td (out ) Tj ET Q q 0 0 0 rg BT 409.36 109.25 Td (in ) Tj ET Q q 0 0 0 rg BT 419.43 109.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.95 109.25 Td (normal ) Tj ET Q q 0 0 0 rg BT 464.58 109.25 Td (course ) Tj ET Q q 0 0 0 rg BT 492.97 109.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.60 109.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 547.56 109.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 97.25 Td (are ) Tj ET Q q 0 0 0 rg BT 65.08 97.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 106.27 97.25 Td (at ) Tj ET Q q 0 0 0 rg BT 116.36 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.45 97.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 164.32 97.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.52 97.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 232.27 97.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 252.36 97.25 Td (or ) Tj ET Q q 0 0 0 rg BT 263.56 97.25 Td (received ) Tj ET Q q 0 0 0 rg BT 300.30 97.25 Td (as ) Tj ET Q q 0 0 0 rg BT 311.50 97.25 Td (established ) Tj ET Q q 0 0 0 rg BT 358.81 97.25 Td (and ) Tj ET Q q 0 0 0 rg BT 376.12 97.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 405.64 97.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 428.51 97.25 Td (by ) Tj ET Q q 0 0 0 rg BT 441.39 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 456.48 97.25 Td (parties. ) Tj ET Q q 0 0 0 rg BT 488.51 97.25 Td ( ) Tj ET Q q 0 0 0 rg BT 491.38 97.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 514.25 97.25 Td (transactions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 85.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 86.65 85.25 Td (include ) Tj ET Q q 0 0 0 rg BT 117.75 85.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 145.51 85.25 Td (handling ) Tj ET Q q 0 0 0 rg BT 182.17 85.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 218.54 85.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 260.74 85.25 Td (services ) Tj ET Q q 0 0 0 rg BT 294.61 85.25 Td (and ) Tj ET Q q 0 0 0 rg BT 310.71 85.25 Td (commission ) Tj ET Q q 0 0 0 rg BT 360.71 85.25 Td (payments. ) Tj ET Q q 0 0 0 rg BT 403.19 85.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 457.06 85.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 491.48 85.25 Td (that ) Tj ET Q q 0 0 0 rg BT 508.14 85.25 Td (consideration ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 73.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 69.72 73.25 Td (for ) Tj ET Q q 0 0 0 rg BT 83.88 73.25 Td (such ) Tj ET Q q 0 0 0 rg BT 104.71 73.25 Td (services ) Tj ET Q q 0 0 0 rg BT 139.41 73.25 Td (approximates ) Tj ET Q q 0 0 0 rg BT 195.79 73.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 212.16 73.25 Td (value. ) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 35 0 obj <>] /Rotate 0 /Contents 36 0 R>> endobj 36 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (For ) Tj ET Q q 0 0 0 rg BT 67.08 742.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.49 742.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 102.90 742.10 Td (month ) Tj ET Q q 0 0 0 rg BT 131.65 742.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 164.28 742.10 Td (ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 188.16 742.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.35 742.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 252.31 742.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.31 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 275.50 742.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.13 742.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 354.09 742.10 Td (201) Tj ET Q q 0 0 0 rg BT 368.72 742.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.72 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 378.70 742.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 403.00 742.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 439.51 742.10 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.51 742.10 Td (1.5 ) Tj ET Q q 0 0 0 rg BT 460.20 742.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.10 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 492.29 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.92 742.10 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.92 742.10 Td (1.7 ) Tj ET Q q 0 0 0 rg BT 530.61 742.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.50 742.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 102.44 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 112.49 730.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 167.00 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.55 730.10 Td (A) Tj ET Q q 0 0 0 rg BT 183.03 730.10 Td (valon ) Tj ET Q q 0 0 0 rg BT 207.52 730.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 228.14 730.10 Td (Management, ) Tj ET Q q 0 0 0 rg BT 285.12 730.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 302.66 730.10 Td (\(A) Tj ET Q q 0 0 0 rg BT 316.91 730.10 Td (valon\). ) Tj ET Q q 0 0 0 rg BT 351.67 730.10 Td (In ) Tj ET Q q 0 0 0 rg BT 362.28 730.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.77 730.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 396.27 730.10 Td (month ) Tj ET Q q 0 0 0 rg BT 424.10 730.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 455.82 730.10 Td (ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.69 730.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.97 730.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 542.01 730.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.01 730.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.90 718.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 129.12 718.10 Td (201) Tj ET Q q 0 0 0 rg BT 143.75 718.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.75 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 153.94 718.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 178.50 718.10 Td (also ) Tj ET Q q 0 0 0 rg BT 198.07 718.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 234.84 718.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 274.40 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.19 718.10 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.19 718.10 Td (0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.19 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 299.64 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.54 718.10 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 322.54 718.10 Td (105) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.54 718.10 Td (,000 ) Tj ET Q q 0 0 0 rg BT 358.49 718.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 406.16 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 412.11 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 427.23 718.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 471.23 718.10 Td (services ) Tj ET Q q 0 0 0 rg BT 506.89 718.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 552.00 718.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.48 706.10 Td (valon. ) Tj ET Q q 0 0 0 rg BT 83.18 706.10 Td (A) Tj ET Q q 0 0 0 rg BT 89.66 706.10 Td (valon ) Tj ET Q q 0 0 0 rg BT 114.42 706.10 Td (was ) Tj ET Q q 0 0 0 rg BT 132.51 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 139.49 706.10 Td (KFSI ) Tj ET Q q 0 0 0 rg BT 163.71 706.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 207.36 706.10 Td (through ) Tj ET Q q 0 0 0 rg BT 241.01 706.10 Td (October ) Tj ET Q q 0 0 0 rg BT 275.76 706.10 Td (2009, ) Tj ET Q q 0 0 0 rg BT 300.81 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.79 706.10 Td (had ) Tj ET Q q 0 0 0 rg BT 334.77 706.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 364.51 706.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 403.17 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.15 706.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 457.68 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 468.00 706.10 Td (common ) Tj ET Q q 0 0 0 rg BT 505.54 706.10 Td (with ) Tj ET Q q 0 0 0 rg BT 525.29 706.10 Td (Atlas. ) Tj ET Q q 0 0 0 rg BT 550.88 706.10 Td (As ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.68 694.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 120.79 694.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.79 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 145.12 694.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 168.58 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.85 694.10 Td (A) Tj ET Q q 0 0 0 rg BT 191.33 694.10 Td (valon ) Tj ET Q q 0 0 0 rg BT 215.89 694.10 Td (no ) Tj ET Q q 0 0 0 rg BT 228.24 694.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 256.14 694.10 Td (have ) Tj ET Q q 0 0 0 rg BT 277.36 694.10 Td (any ) Tj ET Q q 0 0 0 rg BT 294.15 694.10 Td (common ) Tj ET Q q 0 0 0 rg BT 331.49 694.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 368.83 694.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 384.50 694.10 Td (investors. ) Tj ET Q q 0 0 0 rg BT 424.94 694.10 Td (A) Tj ET Q q 0 0 0 rg BT 431.42 694.10 Td (valon ) Tj ET Q q 0 0 0 rg BT 455.99 694.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 473.88 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 484.56 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 491.35 694.10 Td (program ) Tj ET Q q 0 0 0 rg BT 527.58 694.10 Td (manager ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 70.10 682.10 Td (surety ) Tj ET Q q 0 0 0 rg BT 96.54 682.10 Td (program ) Tj ET Q q 0 0 0 rg BT 132.42 682.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 171.63 682.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 214.19 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.52 682.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 244.30 682.10 Td (Customs ) Tj ET Q q 0 0 0 rg BT 281.31 682.10 Td (bonds. ) Tj ET Q q 0 0 0 rg BT 309.71 682.10 Td (In ) Tj ET Q q 0 0 0 rg BT 320.04 682.10 Td (this ) Tj ET Q q 0 0 0 rg BT 336.49 682.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 371.80 682.10 Td (they ) Tj ET Q q 0 0 0 rg BT 391.02 682.10 Td (are ) Tj ET Q q 0 0 0 rg BT 405.22 682.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 452.77 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 466.43 682.10 Td (coordinating ) Tj ET Q q 0 0 0 rg BT 518.98 682.10 Td (marketing, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 89.57 670.10 Td (service ) Tj ET Q q 0 0 0 rg BT 120.80 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.16 670.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 163.29 670.10 Td (handling ) Tj ET Q q 0 0 0 rg BT 201.20 670.10 Td (for ) Tj ET Q q 0 0 0 rg BT 215.78 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.91 670.10 Td (surety ) Tj ET Q q 0 0 0 rg BT 258.26 670.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 285.07 670.10 Td (written ) Tj ET Q q 0 0 0 rg BT 316.31 670.10 Td (under ) Tj ET Q q 0 0 0 rg BT 342.00 670.10 Td (this ) Tj ET Q q 0 0 0 rg BT 359.36 670.10 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 406.21 670.10 Td (This ) Tj ET Q q 0 0 0 rg BT 426.90 670.10 Td (program ) Tj ET Q q 0 0 0 rg BT 463.70 670.10 Td (is ) Tj ET Q q 0 0 0 rg BT 473.28 670.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 499.53 670.10 Td (reinsured ) Tj ET Q q 0 0 0 rg BT 539.65 670.10 Td (by ) Tj ET Q q 0 0 0 rg BT 552.57 670.10 Td (an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 89.70 658.10 Td (third ) Tj ET Q q 0 0 0 rg BT 111.09 658.10 Td (party) Tj ET Q q 0 0 0 rg BT 130.99 658.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 641.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.71 641.10 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.52 641.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 133.88 641.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.88 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.47 641.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.51 641.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 232.19 641.10 Td (201) Tj ET Q q 0 0 0 rg BT 246.82 641.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.82 641.10 Td (, ) Tj ET Q q 0 0 0 rg BT 256.34 641.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 280.04 641.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 315.95 641.10 Td (net ) Tj ET Q q 0 0 0 rg BT 330.77 641.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 367.25 641.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 410.92 641.10 Td (from ) Tj ET Q q 0 0 0 rg BT 432.96 641.10 Td (\(payable ) Tj ET Q q 0 0 0 rg BT 469.97 641.10 Td (to\) ) Tj ET Q q 0 0 0 rg BT 483.68 641.10 Td (af) Tj ET Q q 0 0 0 rg BT 491.27 641.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 521.07 641.10 Td (as ) Tj ET Q q 0 0 0 rg BT 532.00 641.10 Td (follows ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 629.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 629.10 Td (are ) Tj ET Q q 0 0 0 rg BT 91.65 629.10 Td (included ) Tj ET Q q 0 0 0 rg BT 128.58 629.10 Td (within ) Tj ET Q q 0 0 0 rg BT 156.64 629.10 Td (other ) Tj ET Q q 0 0 0 rg BT 179.68 629.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 205.51 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.45 629.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 259.94 629.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 293.53 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 310.47 629.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 344.05 629.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 382.65 629.10 Td (on ) Tj ET Q q 0 0 0 rg BT 395.15 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.87 629.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 442.90 629.10 Td (sheets ) Tj ET Q q 0 0 0 rg BT 469.84 629.10 Td (\(all ) Tj ET Q q 0 0 0 rg BT 485.66 629.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 522.05 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 532.33 629.10 Td ('000s\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 585.60 368.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 585.60 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 585.60 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 561.60 368.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 561.60 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 561.60 72.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 613.6 m 490.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 585.6 m 490.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 613.6 m 562.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 585.6 m 562.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 585.6 m 490.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 585.6 m 562.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 549.6 m 490.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 538.6 m 490.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 536.6 m 490.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 549.6 m 562.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 538.6 m 562.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 536.6 m 562.5 536.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 590.28 Td (As at:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 423.50 600.28 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.00 590.28 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 496.90 600.28 Td (December 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 516.25 590.28 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 576.22 Td (Kingsway America, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.00 576.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 576.22 Td (58) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 576.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 576.22 Td (291) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 564.22 Td (Universal Casualty Company) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.30 564.22 Td (\(50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.65 564.22 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.30 564.22 Td (\(500) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 564.22 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 552.22 Td (Kingsway Amigo Insurance Company) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.65 552.22 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.30 552.22 Td (\(1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 552.22 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 540.22 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.00 540.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.65 540.22 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 540.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.30 540.22 Td (\(210) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 540.22 Td (\)) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 522.25 Td (16. SUBSEQUENT) Tj ET Q q 0 0 0 rg BT 150.07 522.25 Td ( EVENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 505.25 Td (As ) Tj ET Q q 0 0 0 rg BT 62.99 505.25 Td (of ) Tj ET Q q 0 0 0 rg BT 73.19 505.25 Td (October ) Tj ET Q q 0 0 0 rg BT 107.27 505.25 Td (25, ) Tj ET Q q 0 0 0 rg BT 121.65 505.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 145.61 505.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 168.59 505.25 Td (announced ) Tj ET Q q 0 0 0 rg BT 213.78 505.25 Td (that ) Tj ET Q q 0 0 0 rg BT 230.65 505.25 Td (it ) Tj ET Q q 0 0 0 rg BT 238.08 505.25 Td (has ) Tj ET Q q 0 0 0 rg BT 253.28 505.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 284.58 505.25 Td (into ) Tj ET Q q 0 0 0 rg BT 302.01 505.25 Td (a ) Tj ET Q q 0 0 0 rg BT 308.32 505.25 Td (definitive ) Tj ET Q q 0 0 0 rg BT 348.52 505.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 371.50 505.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 408.91 505.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 452.43 505.25 Td (\("SP) Tj ET Q q 0 0 0 rg BT 470.04 505.25 Td (A"\) ) Tj ET Q q 0 0 0 rg BT 486.55 505.25 Td (toacquire ) Tj ET Q q 0 0 0 rg BT 528.13 505.25 Td (Camelot ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 493.25 Td (Services, ) Tj ET Q q 0 0 0 rg BT 89.31 493.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 107.52 493.25 Td (and ) Tj ET Q q 0 0 0 rg BT 124.89 493.25 Td (its ) Tj ET Q q 0 0 0 rg BT 137.28 493.25 Td (sole ) Tj ET Q q 0 0 0 rg BT 156.32 493.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 197.57 493.25 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 238.03 493.25 Td (,Gateway ) Tj ET Q q 0 0 0 rg BT 281.50 493.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 323.31 493.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 365.13 493.25 Td (\(Gateway\) ) Tj ET Q q 0 0 0 rg BT 419.14 493.25 Td (from ) Tj ET Q q 0 0 0 rg BT 441.52 493.25 Td (Hendricks ) Tj ET Q q 0 0 0 rg BT 485.55 493.25 Td (Holding ) Tj ET Q q 0 0 0 rg BT 521.26 493.25 Td (Company) Tj ET Q q 0 0 0 rg BT 559.50 493.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 481.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 67.77 481.25 Td (for ) Tj ET Q q 0 0 0 rg BT 81.92 481.25 Td (a ) Tj ET Q q 0 0 0 rg BT 88.86 481.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 126.89 481.25 Td (price ) Tj ET Q q 0 0 0 rg BT 149.37 481.25 Td (of ) Tj ET Q q 0 0 0 rg BT 160.20 481.25 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.45 481.25 Td ($23.0 ) Tj ET Q q 0 0 0 rg BT 245.45 481.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.34 481.25 Td (. ) Tj ET Q q 0 0 0 rg BT 279.34 481.25 Td ( ) Tj ET Q q 0 0 0 rg BT 281.66 481.25 Td (The ) Tj ET Q q 0 0 0 rg BT 299.70 481.25 Td (SP) Tj ET Q q 0 0 0 rg BT 309.90 481.25 Td (A) Tj ET Q q 0 0 0 rg BT 316.57 481.25 Td ( ) Tj ET Q q 0 0 0 rg BT 319.07 481.25 Td (contains ) Tj ET Q q 0 0 0 rg BT 354.89 481.25 Td (customary ) Tj ET Q q 0 0 0 rg BT 399.04 481.25 Td (representations ) Tj ET Q q 0 0 0 rg BT 462.07 481.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.01 481.25 Td (warranties ) Tj ET Q q 0 0 0 rg BT 523.15 481.25 Td (as ) Tj ET Q q 0 0 0 rg BT 533.98 481.25 Td (well ) Tj ET Q q 0 0 0 rg BT 553.69 481.25 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 91.91 469.25 Td (by ) Tj ET Q q 0 0 0 rg BT 103.83 469.25 Td (each ) Tj ET Q q 0 0 0 rg BT 124.07 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.32 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.46 469.25 Td (parties. ) Tj ET Q q 0 0 0 rg BT 181.90 469.25 Td (The ) Tj ET Q q 0 0 0 rg BT 199.37 469.25 Td (Registrant ) Tj ET Q q 0 0 0 rg BT 242.40 469.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.76 469.25 Td (Hendricks ) Tj ET Q q 0 0 0 rg BT 301.78 469.25 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 342.87 469.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 360.06 469.25 Td (each ) Tj ET Q q 0 0 0 rg BT 380.30 469.25 Td (has ) Tj ET Q q 0 0 0 rg BT 395.56 469.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 424.12 469.25 Td (to ) Tj ET Q q 0 0 0 rg BT 433.82 469.25 Td (indemnify ) Tj ET Q q 0 0 0 rg BT 476.85 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.99 469.25 Td (other ) Tj ET Q q 0 0 0 rg BT 513.46 469.25 Td (for ) Tj ET Q q 0 0 0 rg BT 527.04 469.25 Td (breaches ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.21 457.25 Td (inaccuracies ) Tj ET Q q 0 0 0 rg BT 111.49 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 121.70 457.25 Td (representations, ) Tj ET Q q 0 0 0 rg BT 186.61 457.25 Td (warranties, ) Tj ET Q q 0 0 0 rg BT 232.63 457.25 Td (and ) Tj ET Q q 0 0 0 rg BT 248.94 457.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 290.81 457.25 Td (as ) Tj ET Q q 0 0 0 rg BT 301.01 457.25 Td (well ) Tj ET Q q 0 0 0 rg BT 320.11 457.25 Td (as ) Tj ET Q q 0 0 0 rg BT 330.31 457.25 Td (for ) Tj ET Q q 0 0 0 rg BT 343.85 457.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 372.93 457.25 Td (other ) Tj ET Q q 0 0 0 rg BT 395.35 457.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 433.32 457.25 Td (matters. ) Tj ET Q q 0 0 0 rg BT 467.00 457.25 Td (The ) Tj ET Q q 0 0 0 rg BT 484.42 457.25 Td (final ) Tj ET Q q 0 0 0 rg BT 504.62 457.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 542.03 457.25 Td (price ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td (is ) Tj ET Q q 0 0 0 rg BT 58.70 445.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 89.05 445.25 Td (to ) Tj ET Q q 0 0 0 rg BT 98.86 445.25 Td (change ) Tj ET Q q 0 0 0 rg BT 129.20 445.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 151.23 445.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.48 445.25 Td (finalization ) Tj ET Q q 0 0 0 rg BT 213.04 445.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.40 445.25 Td (valuations, ) Tj ET Q q 0 0 0 rg BT 269.04 445.25 Td (which ) Tj ET Q q 0 0 0 rg BT 295.50 445.25 Td (are ) Tj ET Q q 0 0 0 rg BT 309.74 445.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 353.98 445.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 376.01 445.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 415.80 445.25 Td (results ) Tj ET Q q 0 0 0 rg BT 443.94 445.25 Td (and ) Tj ET Q q 0 0 0 rg BT 460.41 445.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 500.75 445.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 535.54 445.25 Td (at ) Tj ET Q q 0 0 0 rg BT 544.79 445.25 Td (year ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 433.25 Td (end, ) Tj ET Q q 0 0 0 rg BT 70.02 433.25 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 118.64 433.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 161.71 433.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 190.63 433.25 Td (and ) Tj ET Q q 0 0 0 rg BT 208.15 433.25 Td (any ) Tj ET Q q 0 0 0 rg BT 225.67 433.25 Td (other ) Tj ET Q q 0 0 0 rg BT 249.30 433.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 300.15 433.25 Td (until ) Tj ET Q q 0 0 0 rg BT 321.57 433.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.87 433.25 Td (planned ) Tj ET Q q 0 0 0 rg BT 371.61 433.25 Td (consummation ) Tj ET Q q 0 0 0 rg BT 433.57 433.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.98 433.25 Td (the ) Tj ET Q q 0 0 0 rg BT 460.28 433.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 507.25 433.25 Td (on ) Tj ET Q q 0 0 0 rg BT 520.33 433.25 Td (January ) Tj ET Q q 0 0 0 rg BT 554.51 433.25 Td (1, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (2013.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.15 397.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 114.63 397.25 Td (is ) Tj ET Q q 0 0 0 rg BT 123.90 397.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 162.04 397.25 Td (to ) Tj ET Q q 0 0 0 rg BT 172.42 397.25 Td (close ) Tj ET Q q 0 0 0 rg BT 195.57 397.25 Td (January ) Tj ET Q q 0 0 0 rg BT 229.27 397.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 239.38 397.25 Td (2013. ) Tj ET Q q 0 0 0 rg BT 266.79 397.25 Td (The ) Tj ET Q q 0 0 0 rg BT 284.94 397.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 316.43 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 327.37 397.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.19 397.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 388.67 397.25 Td (is ) Tj ET Q q 0 0 0 rg BT 397.94 397.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 428.87 397.25 Td (to ) Tj ET Q q 0 0 0 rg BT 439.25 397.25 Td (receipt ) Tj ET Q q 0 0 0 rg BT 469.06 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.99 397.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 520.91 397.25 Td (regulatory ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (approvals, ) Tj ET Q q 0 0 0 rg BT 93.88 385.25 Td (continued ) Tj ET Q q 0 0 0 rg BT 135.81 385.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 183.30 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.13 385.25 Td (select ) Tj ET Q q 0 0 0 rg BT 219.39 385.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 246.33 385.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 302.42 385.25 Td (and ) Tj ET Q q 0 0 0 rg BT 319.36 385.25 Td (satisfaction ) Tj ET Q q 0 0 0 rg BT 367.40 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 378.23 385.25 Td (other ) Tj ET Q q 0 0 0 rg BT 401.27 385.25 Td (customary ) Tj ET Q q 0 0 0 rg BT 445.43 385.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 476.82 385.25 Td (conditions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (On ) Tj ET Q q 0 0 0 rg BT 64.75 361.25 Td (October ) Tj ET Q q 0 0 0 rg BT 99.48 361.25 Td (4th, ) Tj ET Q q 0 0 0 rg BT 117.28 361.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 142.31 361.25 Td (Kingsway ) Tj ET Q q 0 0 0 rg BT 185.39 361.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 217.34 361.25 Td (into ) Tj ET Q q 0 0 0 rg BT 235.42 361.25 Td (definitive ) Tj ET Q q 0 0 0 rg BT 276.27 361.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 324.32 361.25 Td (to ) Tj ET Q q 0 0 0 rg BT 334.63 361.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 351.04 361.25 Td (a ) Tj ET Q q 0 0 0 rg BT 358.01 361.25 Td (total ) Tj ET Q q 0 0 0 rg BT 378.31 361.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.16 361.25 Td (2,142,454) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.16 361.25 Td ( ) Tj ET Q q 0 0 0 rg BT 431.69 361.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 471.42 361.25 Td (voting ) Tj ET Q q 0 0 0 rg BT 499.50 361.25 Td (common ) Tj ET Q q 0 0 0 rg BT 537.02 361.25 Td (shares ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (to ) Tj ET Q q 0 0 0 rg BT 61.30 349.25 Td (third ) Tj ET Q q 0 0 0 rg BT 83.71 349.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 113.89 349.25 Td (in ) Tj ET Q q 0 0 0 rg BT 125.20 349.25 Td (private ) Tj ET Q q 0 0 0 rg BT 156.48 349.25 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 210.27 349.25 Td (Once ) Tj ET Q q 0 0 0 rg BT 234.90 349.25 Td (sold, ) Tj ET Q q 0 0 0 rg BT 257.59 349.25 Td (these ) Tj ET Q q 0 0 0 rg BT 281.66 349.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 310.18 349.25 Td (will ) Tj ET Q q 0 0 0 rg BT 329.26 349.25 Td (automatically ) Tj ET Q q 0 0 0 rg BT 387.21 349.25 Td (convert ) Tj ET Q q 0 0 0 rg BT 420.71 349.25 Td (to ) Tj ET Q q 0 0 0 rg BT 432.02 349.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 469.42 349.25 Td (voting ) Tj ET Q q 0 0 0 rg BT 498.50 349.25 Td (common ) Tj ET Q q 0 0 0 rg BT 537.02 349.25 Td (shares ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 86.94 337.25 Td (to ) Tj ET Q q 0 0 0 rg BT 96.67 337.25 Td (Atlas' ) Tj ET Q q 0 0 0 rg BT 121.52 337.25 Td (Articles ) Tj ET Q q 0 0 0 rg BT 155.68 337.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.51 337.25 Td (Incorporation.) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 37 0 obj <><><><><><>] /Rotate 0 /Contents 38 0 R>> endobj 38 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (18) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Item2. Management) Tj ET Q q 0 0 0 rg BT 141.55 730.10 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 213.53 730.10 Td (Analysis \(MD&A\) of Financial Condition and Results of Operations) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 707.60 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.50 707.60 400.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 707.60 48.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 683.60 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.50 683.60 400.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 683.60 48.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 659.60 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 114.50 659.60 400.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 659.60 48.00 -12.00 re f /GS0 gs BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 710.33 Td (Section) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 117.00 710.33 Td (Description) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 517.00 710.33 Td (Page) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 698.22 Td (I.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.00 698.22 Td (Overview) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 686.22 Td (II.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.00 686.22 Td (Consolidated Performance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 674.22 Td (III.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.00 674.22 Td (Application of Critical Accounting Estimates) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 662.22 Td (IV.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.00 662.22 Td (Operating Results) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 650.22 Td (V.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.00 650.22 Td (Financial Condition) Tj ET Q BT /F2 10.00 Tf ET BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 517 696.8833984375 m 527 696.8833984375 l s q 0 0 1 rg BT 517.00 698.22 Td (19) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 684.8833984375 m 559 684.8833984375 l s q 0 0 1 rg BT 549.00 686.22 Td (23) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 672.8833984375 m 559 672.8833984375 l s q 0 0 1 rg BT 549.00 674.22 Td (24) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 660.8833984375 m 559 660.8833984375 l s q 0 0 1 rg BT 549.00 662.22 Td (26) Tj ET Q BT /F2 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 648.8833984375 m 559 648.8833984375 l s q 0 0 1 rg BT 549.00 650.22 Td (32) Tj ET Q endstream endobj 39 0 obj <>] /Rotate 0 /Contents 40 0 R>> endobj 40 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (19) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 125.28 742.25 Td (statements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (This ) Tj ET Q q 0 0 0 rg BT 70.47 725.25 Td (report ) Tj ET Q q 0 0 0 rg BT 97.04 725.25 Td (contains ) Tj ET Q q 0 0 0 rg BT 133.06 725.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 205.73 725.25 Td (statements," ) Tj ET Q q 0 0 0 rg BT 257.21 725.25 Td (within ) Tj ET Q q 0 0 0 rg BT 285.46 725.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.37 725.25 Td (meaning ) Tj ET Q q 0 0 0 rg BT 337.50 725.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.52 725.25 Td (the ) Tj ET Q q 0 0 0 rg BT 363.43 725.25 Td (Private ) Tj ET Q q 0 0 0 rg BT 394.45 725.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 436.58 725.25 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 478.71 725.25 Td (Reform ) Tj ET Q q 0 0 0 rg BT 511.35 725.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 528.49 725.25 Td (of ) Tj ET Q q 0 0 0 rg BT 539.51 725.25 Td (1995, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (which ) Tj ET Q q 0 0 0 rg BT 76.38 713.25 Td (may ) Tj ET Q q 0 0 0 rg BT 95.54 713.25 Td (include, ) Tj ET Q q 0 0 0 rg BT 129.41 713.25 Td (but ) Tj ET Q q 0 0 0 rg BT 144.13 713.25 Td (are ) Tj ET Q q 0 0 0 rg BT 158.28 713.25 Td (not ) Tj ET Q q 0 0 0 rg BT 173.00 713.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 203.27 713.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 215.49 713.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 259.64 713.25 Td (with ) Tj ET Q q 0 0 0 rg BT 279.36 713.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 309.62 713.25 Td (to ) Tj ET Q q 0 0 0 rg BT 319.34 713.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 358.49 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.76 713.25 Td (future ) Tj ET Q q 0 0 0 rg BT 394.58 713.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 435.12 713.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 468.70 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 485.08 713.25 Td (profitability; ) Tj ET Q q 0 0 0 rg BT 537.57 713.25 Td (trends ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 701.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 87.04 701.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 123.71 701.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 163.18 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 179.31 701.25 Td (results ) Tj ET Q q 0 0 0 rg BT 207.11 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.13 701.25 Td (operations; ) Tj ET Q q 0 0 0 rg BT 263.25 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 277.16 701.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 323.84 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 339.97 701.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 363.87 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 373.89 701.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 415.58 701.25 Td (capital; ) Tj ET Q q 0 0 0 rg BT 446.70 701.25 Td (dependence ) Tj ET Q q 0 0 0 rg BT 495.58 701.25 Td (on ) Tj ET Q q 0 0 0 rg BT 507.27 701.25 Td (key ) Tj ET Q q 0 0 0 rg BT 523.40 701.25 Td (suppliers, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.37 689.25 Td (other ) Tj ET Q q 0 0 0 rg BT 90.84 689.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 127.64 689.25 Td (partners; ) Tj ET Q q 0 0 0 rg BT 165.56 689.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 201.26 689.25 Td (trends ) Tj ET Q q 0 0 0 rg BT 228.63 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 246.00 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.14 689.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 311.28 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.65 689.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 372.67 689.25 Td (environment; ) Tj ET Q q 0 0 0 rg BT 428.92 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.06 689.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 474.21 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 485.46 689.25 Td (losing ) Tj ET Q q 0 0 0 rg BT 512.84 689.25 Td (one ) Tj ET Q q 0 0 0 rg BT 530.21 689.25 Td (or ) Tj ET Q q 0 0 0 rg BT 541.47 689.25 Td (more ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 677.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 76.94 677.25 Td (executives ) Tj ET Q q 0 0 0 rg BT 121.64 677.25 Td (or ) Tj ET Q q 0 0 0 rg BT 132.47 677.25 Td (failing ) Tj ET Q q 0 0 0 rg BT 161.07 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 171.35 677.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 198.83 677.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 241.32 677.25 Td (key ) Tj ET Q q 0 0 0 rg BT 258.26 677.25 Td (personnel; ) Tj ET Q q 0 0 0 rg BT 302.42 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 319.36 677.25 Td (other ) Tj ET Q q 0 0 0 rg BT 342.40 677.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 372.11 677.25 Td (referenced ) Tj ET Q q 0 0 0 rg BT 416.79 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 427.07 677.25 Td (this ) Tj ET Q q 0 0 0 rg BT 444.02 677.25 Td (report. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 660.25 Td (Often, ) Tj ET Q q 0 0 0 rg BT 77.33 660.25 Td (but ) Tj ET Q q 0 0 0 rg BT 92.17 660.25 Td (not ) Tj ET Q q 0 0 0 rg BT 107.00 660.25 Td (always, ) Tj ET Q q 0 0 0 rg BT 139.33 660.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 206.93 660.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 251.20 660.25 Td (can ) Tj ET Q q 0 0 0 rg BT 267.14 660.25 Td (be ) Tj ET Q q 0 0 0 rg BT 278.63 660.25 Td (identified ) Tj ET Q q 0 0 0 rg BT 319.01 660.25 Td (by ) Tj ET Q q 0 0 0 rg BT 331.07 660.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.35 660.25 Td (use ) Tj ET Q q 0 0 0 rg BT 360.74 660.25 Td (of ) Tj ET Q q 0 0 0 rg BT 371.13 660.25 Td (words ) Tj ET Q q 0 0 0 rg BT 397.63 660.25 Td (such ) Tj ET Q q 0 0 0 rg BT 418.02 660.25 Td (as ) Tj ET Q q 0 0 0 rg BT 428.41 660.25 Td (plans, ) Tj ET Q q 0 0 0 rg BT 462.96 660.25 Td (expects, ) Tj ET Q q 0 0 0 rg BT 506.38 660.25 Td (is ) Tj ET Q q 0 0 0 rg BT 519.55 660.25 Td (expected, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 648.25 Td (budget, ) Tj ET Q q 0 0 0 rg BT 89.98 648.25 Td (scheduled, ) Tj ET Q q 0 0 0 rg BT 142.73 648.25 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 192.71 648.25 Td (forecasts, ) Tj ET Q q 0 0 0 rg BT 241.02 648.25 Td (intends, ) Tj ET Q q 0 0 0 rg BT 282.67 648.25 Td (anticipates, ) Tj ET Q q 0 0 0 rg BT 338.19 648.25 Td (or ) Tj ET Q q 0 0 0 rg BT 347.91 648.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 390.94 648.25 Td (or ) Tj ET Q q 0 0 0 rg BT 400.66 648.25 Td (variations ) Tj ET Q q 0 0 0 rg BT 441.48 648.25 Td (\(including ) Tj ET Q q 0 0 0 rg BT 483.98 648.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 519.24 648.25 Td (variations\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 636.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.19 636.25 Td (such ) Tj ET Q q 0 0 0 rg BT 82.38 636.25 Td (words ) Tj ET Q q 0 0 0 rg BT 109.68 636.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.98 636.25 Td (phrases, ) Tj ET Q q 0 0 0 rg BT 162.33 636.25 Td (or ) Tj ET Q q 0 0 0 rg BT 173.52 636.25 Td (state ) Tj ET Q q 0 0 0 rg BT 194.70 636.25 Td (that ) Tj ET Q q 0 0 0 rg BT 212.55 636.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 242.61 636.25 Td (actions, ) Tj ET Q q 0 0 0 rg BT 276.30 636.25 Td (events ) Tj ET Q q 0 0 0 rg BT 304.70 636.25 Td (or ) Tj ET Q q 0 0 0 rg BT 315.89 636.25 Td (results ) Tj ET Q q 0 0 0 rg BT 344.86 636.25 Td (may, ) Tj ET Q q 0 0 0 rg BT 376.31 636.25 Td (could, ) Tj ET Q q 0 0 0 rg BT 412.77 636.25 Td (would, ) Tj ET Q q 0 0 0 rg BT 452.00 636.25 Td (might ) Tj ET Q q 0 0 0 rg BT 487.07 636.25 Td (or ) Tj ET Q q 0 0 0 rg BT 498.26 636.25 Td (will ) Tj ET Q q 0 0 0 rg BT 525.55 636.25 Td (be ) Tj ET Q q 0 0 0 rg BT 537.85 636.25 Td (taken, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 624.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 74.63 624.25 Td (or ) Tj ET Q q 0 0 0 rg BT 85.39 624.25 Td (be ) Tj ET Q q 0 0 0 rg BT 97.25 624.25 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 137.71 624.25 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 207.91 624.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 252.54 624.25 Td (involve ) Tj ET Q q 0 0 0 rg BT 284.96 624.25 Td (known ) Tj ET Q q 0 0 0 rg BT 314.61 624.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.48 624.25 Td (unknown ) Tj ET Q q 0 0 0 rg BT 371.12 624.25 Td (risks, ) Tj ET Q q 0 0 0 rg BT 394.94 624.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 448.46 624.25 Td (and ) Tj ET Q q 0 0 0 rg BT 465.32 624.25 Td (other ) Tj ET Q q 0 0 0 rg BT 488.29 624.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 517.92 624.25 Td (which ) Tj ET Q q 0 0 0 rg BT 544.79 624.25 Td (may ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 612.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 74.75 612.25 Td (the ) Tj ET Q q 0 0 0 rg BT 89.51 612.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 115.92 612.25 Td (results, ) Tj ET Q q 0 0 0 rg BT 147.07 612.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 200.13 612.25 Td (or ) Tj ET Q q 0 0 0 rg BT 211.01 612.25 Td (achievements ) Tj ET Q q 0 0 0 rg BT 267.97 612.25 Td (of ) Tj ET Q q 0 0 0 rg BT 278.28 612.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 301.93 612.25 Td (to ) Tj ET Q q 0 0 0 rg BT 312.25 612.25 Td (be ) Tj ET Q q 0 0 0 rg BT 324.23 612.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 367.31 612.25 Td (dif) Tj ET Q q 0 0 0 rg BT 378.23 612.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 404.09 612.25 Td (from ) Tj ET Q q 0 0 0 rg BT 426.07 612.25 Td (any ) Tj ET Q q 0 0 0 rg BT 443.05 612.25 Td (future ) Tj ET Q q 0 0 0 rg BT 469.47 612.25 Td (results, ) Tj ET Q q 0 0 0 rg BT 500.62 612.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 553.68 612.25 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 600.25 Td (achievements ) Tj ET Q q 0 0 0 rg BT 107.83 600.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 150.66 600.25 Td (or ) Tj ET Q q 0 0 0 rg BT 162.40 600.25 Td (implied ) Tj ET Q q 0 0 0 rg BT 196.36 600.25 Td (by ) Tj ET Q q 0 0 0 rg BT 209.77 600.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.39 600.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 294.33 600.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 342.45 600.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 365.86 600.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 396.47 600.25 Td (include, ) Tj ET Q q 0 0 0 rg BT 431.82 600.25 Td (among ) Tj ET Q q 0 0 0 rg BT 462.44 600.25 Td (others, ) Tj ET Q q 0 0 0 rg BT 492.79 600.25 Td (general ) Tj ET Q q 0 0 0 rg BT 525.62 600.25 Td (business, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 588.25 Td (economic, ) Tj ET Q q 0 0 0 rg BT 93.87 588.25 Td (competitive, ) Tj ET Q q 0 0 0 rg BT 146.08 588.25 Td (political, ) Tj ET Q q 0 0 0 rg BT 183.85 588.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 227.44 588.25 Td (and ) Tj ET Q q 0 0 0 rg BT 244.38 588.25 Td (social ) Tj ET Q q 0 0 0 rg BT 270.21 588.25 Td (uncertainties.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 90.01 571.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 113.98 571.25 Td (has ) Tj ET Q q 0 0 0 rg BT 130.18 571.25 Td (attempted ) Tj ET Q q 0 0 0 rg BT 172.47 571.25 Td (to ) Tj ET Q q 0 0 0 rg BT 183.12 571.25 Td (identify ) Tj ET Q q 0 0 0 rg BT 217.09 571.25 Td (important ) Tj ET Q q 0 0 0 rg BT 258.83 571.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 288.91 571.25 Td (that ) Tj ET Q q 0 0 0 rg BT 306.77 571.25 Td (could ) Tj ET Q q 0 0 0 rg BT 331.85 571.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 356.92 571.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 383.66 571.25 Td (actions, ) Tj ET Q q 0 0 0 rg BT 417.35 571.25 Td (events ) Tj ET Q q 0 0 0 rg BT 445.76 571.25 Td (or ) Tj ET Q q 0 0 0 rg BT 456.96 571.25 Td (results ) Tj ET Q q 0 0 0 rg BT 485.93 571.25 Td (to ) Tj ET Q q 0 0 0 rg BT 496.57 571.25 Td (dif) Tj ET Q q 0 0 0 rg BT 507.50 571.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 521.46 571.25 Td (materially ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.73 559.25 Td (those ) Tj ET Q q 0 0 0 rg BT 95.12 559.25 Td (described ) Tj ET Q q 0 0 0 rg BT 135.73 559.25 Td (in ) Tj ET Q q 0 0 0 rg BT 145.79 559.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 213.62 559.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 260.62 559.25 Td (there ) Tj ET Q q 0 0 0 rg BT 282.89 559.25 Td (may ) Tj ET Q q 0 0 0 rg BT 302.39 559.25 Td (be ) Tj ET Q q 0 0 0 rg BT 314.12 559.25 Td (other ) Tj ET Q q 0 0 0 rg BT 336.95 559.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 366.45 559.25 Td (that ) Tj ET Q q 0 0 0 rg BT 383.73 559.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 408.23 559.25 Td (actions, ) Tj ET Q q 0 0 0 rg BT 441.34 559.25 Td (events ) Tj ET Q q 0 0 0 rg BT 469.17 559.25 Td (or ) Tj ET Q q 0 0 0 rg BT 479.79 559.25 Td (results ) Tj ET Q q 0 0 0 rg BT 508.19 559.25 Td (to ) Tj ET Q q 0 0 0 rg BT 518.25 559.25 Td (dif) Tj ET Q q 0 0 0 rg BT 529.18 559.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 542.57 559.25 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (those ) Tj ET Q q 0 0 0 rg BT 73.70 547.25 Td (anticipated, ) Tj ET Q q 0 0 0 rg BT 122.66 547.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 163.57 547.25 Td (or ) Tj ET Q q 0 0 0 rg BT 174.49 547.25 Td (intended. ) Tj ET Q q 0 0 0 rg BT 214.01 547.25 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 284.37 547.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 329.17 547.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 370.63 547.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 398.21 547.25 Td (are ) Tj ET Q q 0 0 0 rg BT 413.01 547.25 Td (made ) Tj ET Q q 0 0 0 rg BT 437.25 547.25 Td (as ) Tj ET Q q 0 0 0 rg BT 448.17 547.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.09 547.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.90 547.25 Td (date ) Tj ET Q q 0 0 0 rg BT 493.15 547.25 Td (of ) Tj ET Q q 0 0 0 rg BT 504.07 547.25 Td (this ) Tj ET Q q 0 0 0 rg BT 521.11 547.25 Td (report ) Tj ET Q q 0 0 0 rg BT 547.57 547.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 535.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 73.91 535.25 Td (disclaims ) Tj ET Q q 0 0 0 rg BT 114.49 535.25 Td (any ) Tj ET Q q 0 0 0 rg BT 131.74 535.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 175.09 535.25 Td (to ) Tj ET Q q 0 0 0 rg BT 185.68 535.25 Td (update ) Tj ET Q q 0 0 0 rg BT 215.14 535.25 Td (any ) Tj ET Q q 0 0 0 rg BT 232.38 535.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 300.72 535.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 348.24 535.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 383.25 535.25 Td (as ) Tj ET Q q 0 0 0 rg BT 394.39 535.25 Td (a ) Tj ET Q q 0 0 0 rg BT 401.63 535.25 Td (result ) Tj ET Q q 0 0 0 rg BT 426.65 535.25 Td (of ) Tj ET Q q 0 0 0 rg BT 437.79 535.25 Td (new ) Tj ET Q q 0 0 0 rg BT 457.25 535.25 Td (information, ) Tj ET Q q 0 0 0 rg BT 509.77 535.25 Td (future ) Tj ET Q q 0 0 0 rg BT 536.45 535.25 Td (events ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 523.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.49 523.25 Td (results, ) Tj ET Q q 0 0 0 rg BT 91.26 523.25 Td (or ) Tj ET Q q 0 0 0 rg BT 101.75 523.25 Td (otherwise. ) Tj ET Q q 0 0 0 rg BT 145.13 523.25 Td (There ) Tj ET Q q 0 0 0 rg BT 170.60 523.25 Td (can ) Tj ET Q q 0 0 0 rg BT 186.64 523.25 Td (be ) Tj ET Q q 0 0 0 rg BT 198.24 523.25 Td (no ) Tj ET Q q 0 0 0 rg BT 210.40 523.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 251.42 523.25 Td (that ) Tj ET Q q 0 0 0 rg BT 268.58 523.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 336.28 523.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 380.65 523.25 Td (will ) Tj ET Q q 0 0 0 rg BT 398.36 523.25 Td (prove ) Tj ET Q q 0 0 0 rg BT 423.29 523.25 Td (to ) Tj ET Q q 0 0 0 rg BT 433.23 523.25 Td (be ) Tj ET Q q 0 0 0 rg BT 444.83 523.25 Td (accurate, ) Tj ET Q q 0 0 0 rg BT 482.79 523.25 Td (as ) Tj ET Q q 0 0 0 rg BT 493.28 523.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 519.31 523.25 Td (results ) Tj ET Q q 0 0 0 rg BT 547.58 523.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td (future ) Tj ET Q q 0 0 0 rg BT 75.38 511.25 Td (events ) Tj ET Q q 0 0 0 rg BT 102.43 511.25 Td (could ) Tj ET Q q 0 0 0 rg BT 126.15 511.25 Td (dif) Tj ET Q q 0 0 0 rg BT 137.08 511.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 149.68 511.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 191.72 511.25 Td (from ) Tj ET Q q 0 0 0 rg BT 212.67 511.25 Td (those ) Tj ET Q q 0 0 0 rg BT 235.28 511.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 280.65 511.25 Td (in ) Tj ET Q q 0 0 0 rg BT 289.93 511.25 Td (such ) Tj ET Q q 0 0 0 rg BT 309.77 511.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 355.65 511.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 404.99 511.25 Td (, ) Tj ET Q q 0 0 0 rg BT 408.99 511.25 Td (readers ) Tj ET Q q 0 0 0 rg BT 439.36 511.25 Td (should ) Tj ET Q q 0 0 0 rg BT 467.53 511.25 Td (not ) Tj ET Q q 0 0 0 rg BT 481.82 511.25 Td (place ) Tj ET Q q 0 0 0 rg BT 504.41 511.25 Td (undue ) Tj ET Q q 0 0 0 rg BT 530.36 511.25 Td (reliance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 499.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 499.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 130.54 499.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 175.25 499.25 Td (due ) Tj ET Q q 0 0 0 rg BT 192.19 499.25 Td (to ) Tj ET Q q 0 0 0 rg BT 202.47 499.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.18 499.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 252.45 499.25 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 299.93 499.25 Td (in ) Tj ET Q q 0 0 0 rg BT 310.21 499.25 Td (them. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 482.25 Td (Overview) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 458.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 458.25 Td (e ) Tj ET Q q 0 0 0 rg BT 66.96 458.25 Td (are ) Tj ET Q q 0 0 0 rg BT 83.05 458.25 Td (a ) Tj ET Q q 0 0 0 rg BT 91.37 458.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 130.24 458.25 Td (services ) Tj ET Q q 0 0 0 rg BT 166.33 458.25 Td (holding ) Tj ET Q q 0 0 0 rg BT 200.77 458.25 Td (company ) Tj ET Q q 0 0 0 rg BT 241.31 458.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 295.72 458.25 Td (under ) Tj ET Q q 0 0 0 rg BT 322.38 458.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.48 458.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 360.69 458.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.90 458.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.00 458.25 Td (Cayman ) Tj ET Q q 0 0 0 rg BT 426.21 458.25 Td (Islands. ) Tj ET Q q 0 0 0 rg BT 460.93 458.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 480.36 458.25 Td (core ) Tj ET Q q 0 0 0 rg BT 501.45 458.25 Td (business ) Tj ET Q q 0 0 0 rg BT 539.23 458.25 Td (is ) Tj ET Q q 0 0 0 rg BT 549.78 458.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 446.25 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 103.46 446.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.59 446.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 162.59 446.25 Td (automobile ) Tj ET Q q 0 0 0 rg BT 209.38 446.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 249.50 446.25 Td (policies, ) Tj ET Q q 0 0 0 rg BT 284.90 446.25 Td (focusing ) Tj ET Q q 0 0 0 rg BT 321.14 446.25 Td (on ) Tj ET Q q 0 0 0 rg BT 332.94 446.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.96 446.25 Td (light ) Tj ET Q q 0 0 0 rg BT 375.98 446.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 424.98 446.25 Td (automobile ) Tj ET Q q 0 0 0 rg BT 471.77 446.25 Td (sector) Tj ET Q q 0 0 0 rg BT 495.24 446.25 Td (, ) Tj ET Q q 0 0 0 rg BT 499.55 446.25 Td (which ) Tj ET Q q 0 0 0 rg BT 525.79 446.25 Td (is ) Tj ET Q q 0 0 0 rg BT 534.26 446.25 Td (carried ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 434.25 Td (out ) Tj ET Q q 0 0 0 rg BT 66.43 434.25 Td (through ) Tj ET Q q 0 0 0 rg BT 101.19 434.25 Td (our ) Tj ET Q q 0 0 0 rg BT 118.17 434.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 160.14 434.25 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 212.70 434.25 Td (American ) Tj ET Q q 0 0 0 rg BT 255.78 434.25 Td (Country ) Tj ET Q q 0 0 0 rg BT 292.21 434.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 334.73 434.25 Td (Company) Tj ET Q q 0 0 0 rg BT 372.97 434.25 Td (, ) Tj ET Q q 0 0 0 rg BT 379.12 434.25 Td (or ) Tj ET Q q 0 0 0 rg BT 390.30 434.25 Td (American ) Tj ET Q q 0 0 0 rg BT 433.37 434.25 Td (Country) Tj ET Q q 0 0 0 rg BT 465.50 434.25 Td (, ) Tj ET Q q 0 0 0 rg BT 471.65 434.25 Td (and ) Tj ET Q q 0 0 0 rg BT 488.94 434.25 Td (American ) Tj ET Q q 0 0 0 rg BT 532.02 434.25 Td (Service ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 422.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 90.59 422.25 Td (Company) Tj ET Q q 0 0 0 rg BT 128.82 422.25 Td (, ) Tj ET Q q 0 0 0 rg BT 133.04 422.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 152.53 422.25 Td (or ) Tj ET Q q 0 0 0 rg BT 162.20 422.25 Td (American ) Tj ET Q q 0 0 0 rg BT 203.35 422.25 Td (Service, ) Tj ET Q q 0 0 0 rg BT 237.55 422.25 Td (together ) Tj ET Q q 0 0 0 rg BT 272.04 422.25 Td (with ) Tj ET Q q 0 0 0 rg BT 291.16 422.25 Td (American ) Tj ET Q q 0 0 0 rg BT 332.30 422.25 Td (Country) Tj ET Q q 0 0 0 rg BT 364.43 422.25 Td (, ) Tj ET Q q 0 0 0 rg BT 368.65 422.25 Td (which ) Tj ET Q q 0 0 0 rg BT 394.81 422.25 Td (we ) Tj ET Q q 0 0 0 rg BT 408.19 422.25 Td (refer ) Tj ET Q q 0 0 0 rg BT 428.78 422.25 Td (to ) Tj ET Q q 0 0 0 rg BT 438.27 422.25 Td (as ) Tj ET Q q 0 0 0 rg BT 448.32 422.25 Td (our ) Tj ET Q q 0 0 0 rg BT 463.38 422.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 507.85 422.25 Td (subsidiaries. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 410.25 Td (This ) Tj ET Q q 0 0 0 rg BT 71.21 410.25 Td (sector ) Tj ET Q q 0 0 0 rg BT 98.52 410.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 135.28 410.25 Td (taxi ) Tj ET Q q 0 0 0 rg BT 153.70 410.25 Td (cabs, ) Tj ET Q q 0 0 0 rg BT 177.40 410.25 Td (non-emer) Tj ET Q q 0 0 0 rg BT 215.54 410.25 Td (gency ) Tj ET Q q 0 0 0 rg BT 242.85 410.25 Td (para-transit, ) Tj ET Q q 0 0 0 rg BT 294.31 410.25 Td (limousine, ) Tj ET Q q 0 0 0 rg BT 339.68 410.25 Td (livery ) Tj ET Q q 0 0 0 rg BT 366.44 410.25 Td (and ) Tj ET Q q 0 0 0 rg BT 384.31 410.25 Td (business ) Tj ET Q q 0 0 0 rg BT 421.63 410.25 Td (auto. ) Tj ET Q q 0 0 0 rg BT 444.78 410.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 463.77 410.25 Td (goal ) Tj ET Q q 0 0 0 rg BT 484.42 410.25 Td (is ) Tj ET Q q 0 0 0 rg BT 494.52 410.25 Td (to ) Tj ET Q q 0 0 0 rg BT 505.73 410.25 Td (always ) Tj ET Q q 0 0 0 rg BT 536.93 410.25 Td (be ) Tj ET Q q 0 0 0 rg BT 549.80 410.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 398.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 89.13 398.25 Td (specialty ) Tj ET Q q 0 0 0 rg BT 127.18 398.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 176.87 398.25 Td (transportation ) Tj ET Q q 0 0 0 rg BT 234.91 398.25 Td (insurer ) Tj ET Q q 0 0 0 rg BT 265.18 398.25 Td (in ) Tj ET Q q 0 0 0 rg BT 275.46 398.25 Td (any ) Tj ET Q q 0 0 0 rg BT 292.40 398.25 Td (geographic ) Tj ET Q q 0 0 0 rg BT 339.32 398.25 Td (areas ) Tj ET Q q 0 0 0 rg BT 362.35 398.25 Td (where ) Tj ET Q q 0 0 0 rg BT 389.28 398.25 Td (our ) Tj ET Q q 0 0 0 rg BT 405.11 398.25 Td (value ) Tj ET Q q 0 0 0 rg BT 429.27 398.25 Td (proposition ) Tj ET Q q 0 0 0 rg BT 477.32 398.25 Td (delivers ) Tj ET Q q 0 0 0 rg BT 511.48 398.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 541.74 398.25 Td (to ) Tj ET Q q 0 0 0 rg BT 552.02 398.25 Td (all ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 386.25 Td (stakeholders. ) Tj ET Q q 0 0 0 rg BT 104.99 386.25 Td (W) Tj ET Q q 0 0 0 rg BT 113.63 386.25 Td (e ) Tj ET Q q 0 0 0 rg BT 120.77 386.25 Td (are ) Tj ET Q q 0 0 0 rg BT 135.67 386.25 Td (licensed ) Tj ET Q q 0 0 0 rg BT 171.14 386.25 Td (to ) Tj ET Q q 0 0 0 rg BT 181.62 386.25 Td (write ) Tj ET Q q 0 0 0 rg BT 204.86 386.25 Td (property ) Tj ET Q q 0 0 0 rg BT 241.44 386.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.58 386.25 Td (casualty) Tj ET Q q 0 0 0 rg BT 290.69 386.25 Td (, ) Tj ET Q q 0 0 0 rg BT 295.89 386.25 Td (or ) Tj ET Q q 0 0 0 rg BT 306.92 386.25 Td (P&C, ) Tj ET Q q 0 0 0 rg BT 332.13 386.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 373.15 386.25 Td (in ) Tj ET Q q 0 0 0 rg BT 383.63 386.25 Td (47 ) Tj ET Q q 0 0 0 rg BT 396.33 386.25 Td (states ) Tj ET Q q 0 0 0 rg BT 421.25 386.25 Td (in ) Tj ET Q q 0 0 0 rg BT 431.72 386.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.64 386.25 Td (United ) Tj ET Q q 0 0 0 rg BT 476.56 386.25 Td (States. ) Tj ET Q q 0 0 0 rg BT 505.45 386.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.70 386.25 Td (insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 374.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 99.14 374.25 Td (distribute ) Tj ET Q q 0 0 0 rg BT 138.84 374.25 Td (their ) Tj ET Q q 0 0 0 rg BT 159.09 374.25 Td (products ) Tj ET Q q 0 0 0 rg BT 195.46 374.25 Td (through ) Tj ET Q q 0 0 0 rg BT 228.49 374.25 Td (a ) Tj ET Q q 0 0 0 rg BT 234.85 374.25 Td (network ) Tj ET Q q 0 0 0 rg BT 269.55 374.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.80 374.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 330.60 374.25 Td (retail ) Tj ET Q q 0 0 0 rg BT 353.07 374.25 Td (agents, ) Tj ET Q q 0 0 0 rg BT 383.04 374.25 Td (and ) Tj ET Q q 0 0 0 rg BT 399.40 374.25 Td (are ) Tj ET Q q 0 0 0 rg BT 413.53 374.25 Td (actively ) Tj ET Q q 0 0 0 rg BT 447.11 374.25 Td (writing ) Tj ET Q q 0 0 0 rg BT 477.92 374.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 518.16 374.25 Td (in ) Tj ET Q q 0 0 0 rg BT 527.87 374.25 Td (31 ) Tj ET Q q 0 0 0 rg BT 539.79 374.25 Td (states ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 362.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 362.25 Td (of ) Tj ET Q q 0 0 0 rg BT 71.66 362.25 Td (September ) Tj ET Q q 0 0 0 rg BT 116.92 362.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 131.92 362.25 Td (2012.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 338.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.20 338.25 Td (core ) Tj ET Q q 0 0 0 rg BT 86.05 338.25 Td (business ) Tj ET Q q 0 0 0 rg BT 121.59 338.25 Td (is ) Tj ET Q q 0 0 0 rg BT 129.90 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.76 338.25 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 197.07 338.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.04 338.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 255.88 338.25 Td (automobile ) Tj ET Q q 0 0 0 rg BT 302.52 338.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 342.48 338.25 Td (policies, ) Tj ET Q q 0 0 0 rg BT 377.73 338.25 Td (focusing ) Tj ET Q q 0 0 0 rg BT 413.81 338.25 Td (on ) Tj ET Q q 0 0 0 rg BT 425.46 338.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.32 338.25 Td (light ) Tj ET Q q 0 0 0 rg BT 468.18 338.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 517.02 338.25 Td (automobile ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 326.25 Td (sector) Tj ET Q q 0 0 0 rg BT 73.33 326.25 Td (. ) Tj ET Q q 0 0 0 rg BT 77.46 326.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.78 326.25 Td (light ) Tj ET Q q 0 0 0 rg BT 123.76 326.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 172.72 326.25 Td (automobile ) Tj ET Q q 0 0 0 rg BT 219.48 326.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 252.35 326.25 Td (we ) Tj ET Q q 0 0 0 rg BT 265.77 326.25 Td (underwrite ) Tj ET Q q 0 0 0 rg BT 310.86 326.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 343.17 326.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 381.02 326.25 Td (for ) Tj ET Q q 0 0 0 rg BT 394.45 326.25 Td (light ) Tj ET Q q 0 0 0 rg BT 414.55 326.25 Td (weight ) Tj ET Q q 0 0 0 rg BT 443.53 326.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 492.50 326.25 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 527.03 326.25 Td (typically ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 314.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.00 314.25 Td (the ) Tj ET Q q 0 0 0 rg BT 84.45 314.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 125.57 314.25 Td (limits ) Tj ET Q q 0 0 0 rg BT 150.58 314.25 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 194.45 314.25 Td (by ) Tj ET Q q 0 0 0 rg BT 206.67 314.25 Td (statute, ) Tj ET Q q 0 0 0 rg BT 237.50 314.25 Td (municipal ) Tj ET Q q 0 0 0 rg BT 279.72 314.25 Td (or ) Tj ET Q q 0 0 0 rg BT 290.28 314.25 Td (other ) Tj ET Q q 0 0 0 rg BT 313.05 314.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 356.37 314.25 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 413.14 314.25 Td (The ) Tj ET Q q 0 0 0 rg BT 430.91 314.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 467.02 314.25 Td (of ) Tj ET Q q 0 0 0 rg BT 477.58 314.25 Td (our ) Tj ET Q q 0 0 0 rg BT 493.13 314.25 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 549.79 314.25 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 302.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 93.05 302.25 Td (owner ) Tj ET Q q 0 0 0 rg BT 120.54 302.25 Td (or ) Tj ET Q q 0 0 0 rg BT 131.37 302.25 Td (small ) Tj ET Q q 0 0 0 rg BT 155.54 302.25 Td (fleet ) Tj ET Q q 0 0 0 rg BT 175.80 302.25 Td (operators.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 278.25 Td (Over ) Tj ET Q q 0 0 0 rg BT 72.26 278.25 Td (the ) Tj ET Q q 0 0 0 rg BT 86.75 278.25 Td (past ) Tj ET Q q 0 0 0 rg BT 105.12 278.25 Td (two ) Tj ET Q q 0 0 0 rg BT 122.39 278.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 148.26 278.25 Td (we ) Tj ET Q q 0 0 0 rg BT 162.19 278.25 Td (have ) Tj ET Q q 0 0 0 rg BT 183.34 278.25 Td (disposed ) Tj ET Q q 0 0 0 rg BT 220.61 278.25 Td (of ) Tj ET Q q 0 0 0 rg BT 231.21 278.25 Td (non-core ) Tj ET Q q 0 0 0 rg BT 269.01 278.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 294.61 278.25 Td (and ) Tj ET Q q 0 0 0 rg BT 311.32 278.25 Td (placed ) Tj ET Q q 0 0 0 rg BT 339.68 278.25 Td (into ) Tj ET Q q 0 0 0 rg BT 357.51 278.25 Td (run-of) Tj ET Q q 0 0 0 rg BT 382.32 278.25 Td (f ) Tj ET Q q 0 0 0 rg BT 387.92 278.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 417.39 278.25 Td (noncore ) Tj ET Q q 0 0 0 rg BT 451.87 278.25 Td (lines ) Tj ET Q q 0 0 0 rg BT 473.02 278.25 Td (of ) Tj ET Q q 0 0 0 rg BT 483.62 278.25 Td (business ) Tj ET Q q 0 0 0 rg BT 519.79 278.25 Td (previously ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 266.25 Td (written ) Tj ET Q q 0 0 0 rg BT 80.25 266.25 Td (by ) Tj ET Q q 0 0 0 rg BT 92.17 266.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.31 266.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 146.55 266.25 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 198.19 266.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 215.67 266.25 Td (focus ) Tj ET Q q 0 0 0 rg BT 239.25 266.25 Td (going ) Tj ET Q q 0 0 0 rg BT 263.96 266.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 297.53 266.25 Td (is ) Tj ET Q q 0 0 0 rg BT 306.12 266.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.26 266.25 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 373.84 266.25 Td (of ) Tj ET Q q 0 0 0 rg BT 384.10 266.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 433.22 266.25 Td (automobile ) Tj ET Q q 0 0 0 rg BT 480.13 266.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 520.37 266.25 Td (in ) Tj ET Q q 0 0 0 rg BT 530.07 266.25 Td (the ) Tj ET Q q 0 0 0 rg BT 544.21 266.25 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 254.25 Td (Substantially ) Tj ET Q q 0 0 0 rg BT 104.72 254.25 Td (all ) Tj ET Q q 0 0 0 rg BT 117.22 254.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.05 254.25 Td (our ) Tj ET Q q 0 0 0 rg BT 143.88 254.25 Td (new ) Tj ET Q q 0 0 0 rg BT 163.04 254.25 Td (premiums ) Tj ET Q q 0 0 0 rg BT 205.53 254.25 Td (written ) Tj ET Q q 0 0 0 rg BT 236.36 254.25 Td (are ) Tj ET Q q 0 0 0 rg BT 251.06 254.25 Td (in ) Tj ET Q q 0 0 0 rg BT 261.34 254.25 Td (light ) Tj ET Q q 0 0 0 rg BT 291.05 254.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 340.75 254.25 Td (automobile ) Tj ET Q q 0 0 0 rg BT 388.24 254.25 Td (lines ) Tj ET Q q 0 0 0 rg BT 409.63 254.25 Td (of ) Tj ET Q q 0 0 0 rg BT 420.46 254.25 Td (business.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 230.25 Td (Commer) Tj ET Q q 0 0 0 rg BT 87.58 230.25 Td (cial ) Tj ET Q q 0 0 0 rg BT 104.52 230.25 Td (Automobile) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 206.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.56 206.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 116.15 206.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 150.82 206.25 Td (tar) Tj ET Q q 0 0 0 rg BT 161.19 206.25 Td (get ) Tj ET Q q 0 0 0 rg BT 176.42 206.25 Td (market ) Tj ET Q q 0 0 0 rg BT 207.19 206.25 Td (is ) Tj ET Q q 0 0 0 rg BT 216.88 206.25 Td (made ) Tj ET Q q 0 0 0 rg BT 241.54 206.25 Td (up ) Tj ET Q q 0 0 0 rg BT 254.56 206.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.90 206.25 Td (taxi, ) Tj ET Q q 0 0 0 rg BT 286.41 206.25 Td (limousine ) Tj ET Q q 0 0 0 rg BT 328.86 206.25 Td (and ) Tj ET Q q 0 0 0 rg BT 346.31 206.25 Td (paratransit ) Tj ET Q q 0 0 0 rg BT 391.53 206.25 Td (operators ) Tj ET Q q 0 0 0 rg BT 431.75 206.25 Td (with ) Tj ET Q q 0 0 0 rg BT 452.54 206.25 Td (one ) Tj ET Q q 0 0 0 rg BT 469.99 206.25 Td (to ) Tj ET Q q 0 0 0 rg BT 480.78 206.25 Td (ten ) Tj ET Q q 0 0 0 rg BT 496.01 206.25 Td (units. ) Tj ET Q q 0 0 0 rg BT 523.47 206.25 Td (In ) Tj ET Q q 0 0 0 rg BT 534.81 206.25 Td (certain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 194.25 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 102.29 194.25 Td (like ) Tj ET Q q 0 0 0 rg BT 120.13 194.25 Td (Chicago ) Tj ET Q q 0 0 0 rg BT 156.31 194.25 Td (and ) Tj ET Q q 0 0 0 rg BT 173.59 194.25 Td (New ) Tj ET Q q 0 0 0 rg BT 194.90 194.25 Td (Y) Tj ET Q q 0 0 0 rg BT 201.12 194.25 Td (ork, ) Tj ET Q q 0 0 0 rg BT 219.80 194.25 Td (we ) Tj ET Q q 0 0 0 rg BT 234.31 194.25 Td (have ) Tj ET Q q 0 0 0 rg BT 256.03 194.25 Td (also ) Tj ET Q q 0 0 0 rg BT 274.99 194.25 Td (been ) Tj ET Q q 0 0 0 rg BT 296.72 194.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 340.66 194.25 Td (working ) Tj ET Q q 0 0 0 rg BT 376.84 194.25 Td (with ) Tj ET Q q 0 0 0 rg BT 397.47 194.25 Td (lar) Tj ET Q q 0 0 0 rg BT 407.83 194.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 423.45 194.25 Td (operators ) Tj ET Q q 0 0 0 rg BT 463.51 194.25 Td (who ) Tj ET Q q 0 0 0 rg BT 483.58 194.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 509.19 194.25 Td (a ) Tj ET Q q 0 0 0 rg BT 516.47 194.25 Td (meaningful ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 182.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.51 182.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.35 182.25 Td (their ) Tj ET Q q 0 0 0 rg BT 114.19 182.25 Td (own ) Tj ET Q q 0 0 0 rg BT 133.92 182.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 151.43 182.25 Td (of ) Tj ET Q q 0 0 0 rg BT 162.28 182.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 180.35 182.25 Td (through ) Tj ET Q q 0 0 0 rg BT 213.97 182.25 Td (self-insurance ) Tj ET Q q 0 0 0 rg BT 272.57 182.25 Td (or ) Tj ET Q q 0 0 0 rg BT 283.41 182.25 Td (self-funded ) Tj ET Q q 0 0 0 rg BT 331.46 182.25 Td (captive ) Tj ET Q q 0 0 0 rg BT 362.84 182.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 403.67 182.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 428.96 182.25 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 490.33 182.25 Td (In ) Tj ET Q q 0 0 0 rg BT 501.17 182.25 Td (these ) Tj ET Q q 0 0 0 rg BT 524.23 182.25 Td (cases, ) Tj ET Q q 0 0 0 rg BT 550.34 182.25 Td (we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 170.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 82.52 170.25 Td (support ) Tj ET Q q 0 0 0 rg BT 114.50 170.25 Td (in ) Tj ET Q q 0 0 0 rg BT 124.25 170.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.45 170.25 Td (areas ) Tj ET Q q 0 0 0 rg BT 160.96 170.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.27 170.25 Td (day ) Tj ET Q q 0 0 0 rg BT 187.68 170.25 Td (to ) Tj ET Q q 0 0 0 rg BT 197.44 170.25 Td (day ) Tj ET Q q 0 0 0 rg BT 213.85 170.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 240.83 170.25 Td (administration ) Tj ET Q q 0 0 0 rg BT 300.57 170.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.99 170.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 345.07 170.25 Td (handling ) Tj ET Q q 0 0 0 rg BT 382.04 170.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 424.01 170.25 Td (with ) Tj ET Q q 0 0 0 rg BT 443.76 170.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.96 170.25 Td (value ) Tj ET Q q 0 0 0 rg BT 481.59 170.25 Td (proposition ) Tj ET Q q 0 0 0 rg BT 529.12 170.25 Td (we ) Tj ET Q q 0 0 0 rg BT 542.76 170.25 Td (of) Tj ET Q q 0 0 0 rg BT 550.91 170.25 Td (fer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 158.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.13 158.25 Td (all ) Tj ET Q q 0 0 0 rg BT 72.47 158.25 Td (of ) Tj ET Q q 0 0 0 rg BT 83.15 158.25 Td (our ) Tj ET Q q 0 0 0 rg BT 98.83 158.25 Td (insureds, ) Tj ET Q q 0 0 0 rg BT 137.01 158.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 176.56 158.25 Td (on ) Tj ET Q q 0 0 0 rg BT 188.91 158.25 Td (a ) Tj ET Q q 0 0 0 rg BT 195.69 158.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 210.25 158.25 Td (for ) Tj ET Q q 0 0 0 rg BT 224.26 158.25 Td (service ) Tj ET Q q 0 0 0 rg BT 254.92 158.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 282.10 158.25 Td (W) Tj ET Q q 0 0 0 rg BT 290.74 158.25 Td (e ) Tj ET Q q 0 0 0 rg BT 297.53 158.25 Td (may ) Tj ET Q q 0 0 0 rg BT 317.09 158.25 Td (also ) Tj ET Q q 0 0 0 rg BT 335.55 158.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 368.44 158.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 396.89 158.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 435.32 158.25 Td (above ) Tj ET Q q 0 0 0 rg BT 461.55 158.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.11 158.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 501.79 158.25 Td (of ) Tj ET Q q 0 0 0 rg BT 512.47 158.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 529.82 158.25 Td (retained ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 146.25 Td (by ) Tj ET Q q 0 0 0 rg BT 62.42 146.25 Td (the ) Tj ET Q q 0 0 0 rg BT 77.06 146.25 Td (insureds ) Tj ET Q q 0 0 0 rg BT 112.81 146.25 Td (where ) Tj ET Q q 0 0 0 rg BT 139.66 146.25 Td (a ) Tj ET Q q 0 0 0 rg BT 146.52 146.25 Td (better ) Tj ET Q q 0 0 0 rg BT 171.70 146.25 Td (than ) Tj ET Q q 0 0 0 rg BT 191.34 146.25 Td (average ) Tj ET Q q 0 0 0 rg BT 224.85 146.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 242.83 146.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 263.57 146.25 Td (is ) Tj ET Q q 0 0 0 rg BT 272.67 146.25 Td (expected. ) Tj ET Q q 0 0 0 rg BT 315.44 146.25 Td (Through ) Tj ET Q q 0 0 0 rg BT 352.30 146.25 Td (these ) Tj ET Q q 0 0 0 rg BT 375.27 146.25 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 434.05 146.25 Td (we ) Tj ET Q q 0 0 0 rg BT 448.13 146.25 Td (are ) Tj ET Q q 0 0 0 rg BT 462.76 146.25 Td (able ) Tj ET Q q 0 0 0 rg BT 481.84 146.25 Td (to ) Tj ET Q q 0 0 0 rg BT 492.04 146.25 Td (ef) Tj ET Q q 0 0 0 rg BT 499.63 146.25 Td (fectively ) Tj ET Q q 0 0 0 rg BT 537.03 146.25 Td (utilize ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 134.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.88 134.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 109.76 134.25 Td (specialized ) Tj ET Q q 0 0 0 rg BT 156.84 134.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 197.27 134.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 253.79 134.25 Td (we ) Tj ET Q q 0 0 0 rg BT 268.12 134.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 305.77 134.25 Td (to ) Tj ET Q q 0 0 0 rg BT 316.21 134.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 352.74 134.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 387.05 134.25 Td (from ) Tj ET Q q 0 0 0 rg BT 409.15 134.25 Td (business ) Tj ET Q q 0 0 0 rg BT 445.70 134.25 Td (segments ) Tj ET Q q 0 0 0 rg BT 485.58 134.25 Td (that ) Tj ET Q q 0 0 0 rg BT 503.24 134.25 Td (may ) Tj ET Q q 0 0 0 rg BT 523.12 134.25 Td (otherwise ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 122.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.94 122.25 Td (more ) Tj ET Q q 0 0 0 rg BT 84.99 122.25 Td (price ) Tj ET Q q 0 0 0 rg BT 107.47 122.25 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 144.97 122.25 Td (in ) Tj ET Q q 0 0 0 rg BT 155.24 122.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.96 122.25 Td (current ) Tj ET Q q 0 0 0 rg BT 200.78 122.25 Td (market ) Tj ET Q q 0 0 0 rg BT 231.04 122.25 Td (environment.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 98.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.84 98.25 Td (light ) Tj ET Q q 0 0 0 rg BT 99.34 98.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 149.83 98.25 Td (automobile ) Tj ET Q q 0 0 0 rg BT 198.12 98.25 Td (sector ) Tj ET Q q 0 0 0 rg BT 225.29 98.25 Td (is ) Tj ET Q q 0 0 0 rg BT 235.25 98.25 Td (a ) Tj ET Q q 0 0 0 rg BT 242.98 98.25 Td (subset ) Tj ET Q q 0 0 0 rg BT 271.27 98.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.89 98.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.40 98.25 Td (historically ) Tj ET Q q 0 0 0 rg BT 346.69 98.25 Td (profitable ) Tj ET Q q 0 0 0 rg BT 388.85 98.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 439.34 98.25 Td (automobile ) Tj ET Q q 0 0 0 rg BT 487.62 98.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 529.23 98.25 Td (industry ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 86.25 Td (segment. ) Tj ET Q q 0 0 0 rg BT 88.83 86.25 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 141.26 86.25 Td (automobile ) Tj ET Q q 0 0 0 rg BT 189.26 86.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 230.58 86.25 Td (has ) Tj ET Q q 0 0 0 rg BT 246.92 86.25 Td (outperformed ) Tj ET Q q 0 0 0 rg BT 304.35 86.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.57 86.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 350.34 86.25 Td (P&C ) Tj ET Q q 0 0 0 rg BT 373.35 86.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 409.14 86.25 Td (in ) Tj ET Q q 0 0 0 rg BT 419.92 86.25 Td (each ) Tj ET Q q 0 0 0 rg BT 441.24 86.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.58 86.25 Td (the ) Tj ET Q q 0 0 0 rg BT 467.80 86.25 Td (past ) Tj ET Q q 0 0 0 rg BT 486.91 86.25 Td (ten ) Tj ET Q q 0 0 0 rg BT 502.13 86.25 Td (years ) Tj ET Q q 0 0 0 rg BT 526.24 86.25 Td (based ) Tj ET Q q 0 0 0 rg BT 552.01 86.25 Td (on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 74.25 Td (data ) Tj ET Q q 0 0 0 rg BT 69.72 74.25 Td (compiled ) Tj ET Q q 0 0 0 rg BT 110.00 74.25 Td (by ) Tj ET Q q 0 0 0 rg BT 123.06 74.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.34 74.25 Td (NAIC. ) Tj ET Q q 0 0 0 rg BT 167.67 74.25 Td (A) Tj ET Q q 0 0 0 rg BT 174.34 74.25 Td ( ) Tj ET Q q 0 0 0 rg BT 177.40 74.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 204.89 74.25 Td (survey ) Tj ET Q q 0 0 0 rg BT 234.62 74.25 Td (by ) Tj ET Q q 0 0 0 rg BT 247.00 74.25 Td (A.M. ) Tj ET Q q 0 0 0 rg BT 271.18 74.25 Td (Best ) Tj ET Q q 0 0 0 rg BT 292.02 74.25 Td (& ) Tj ET Q q 0 0 0 rg BT 302.87 74.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 344.82 74.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 385.09 74.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.37 74.25 Td (total ) Tj ET Q q 0 0 0 rg BT 421.21 74.25 Td (market ) Tj ET Q q 0 0 0 rg BT 452.04 74.25 Td (for ) Tj ET Q q 0 0 0 rg BT 466.76 74.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 517.02 74.25 Td (automobile ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 62.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 84.26 62.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 125.73 62.25 Td (to ) Tj ET Q q 0 0 0 rg BT 136.66 62.25 Td (be ) Tj ET Q q 0 0 0 rg BT 149.25 62.25 Td ($24 ) Tj ET Q q 0 0 0 rg BT 167.41 62.25 Td (billion. ) Tj ET Q q 0 0 0 rg BT 198.95 62.25 Td (The ) Tj ET Q q 0 0 0 rg BT 217.65 62.25 Td (size ) Tj ET Q q 0 0 0 rg BT 236.35 62.25 Td (of ) Tj ET Q q 0 0 0 rg BT 247.83 62.25 Td (the ) Tj ET Q q 0 0 0 rg BT 263.20 62.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 313.55 62.25 Td (automobile ) Tj ET Q q 0 0 0 rg BT 361.69 62.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 403.16 62.25 Td (market ) Tj ET Q q 0 0 0 rg BT 434.08 62.25 Td (can ) Tj ET Q q 0 0 0 rg BT 451.11 62.25 Td (be ) Tj ET Q q 0 0 0 rg BT 463.70 62.25 Td (af) Tj ET Q q 0 0 0 rg BT 471.29 62.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 498.87 62.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 552.01 62.25 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 50.25 Td (many ) Tj ET Q q 0 0 0 rg BT 74.56 50.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 106.61 50.25 Td (such ) Tj ET Q q 0 0 0 rg BT 127.28 50.25 Td (as ) Tj ET Q q 0 0 0 rg BT 137.96 50.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.51 50.25 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 206.51 50.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 242.17 50.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.95 50.25 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 312.95 50.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 343.60 50.25 Td (of ) Tj ET Q q 0 0 0 rg BT 354.27 50.25 Td (automobile ) Tj ET Q q 0 0 0 rg BT 401.60 50.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 442.26 50.25 Td (carriers ) Tj ET Q q 0 0 0 rg BT 474.58 50.25 Td (and ) Tj ET Q q 0 0 0 rg BT 491.36 50.25 Td (general ) Tj ET Q q 0 0 0 rg BT 523.13 50.25 Td (economic ) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 41 0 obj <>] /Rotate 0 /Contents 42 0 R>> endobj 42 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 96.35 742.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 142.92 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 147.61 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.01 742.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 211.40 742.10 Td (automobile ) Tj ET Q q 0 0 0 rg BT 258.58 742.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 299.08 742.10 Td (market ) Tj ET Q q 0 0 0 rg BT 329.03 742.10 Td (has ) Tj ET Q q 0 0 0 rg BT 344.55 742.10 Td (been ) Tj ET Q q 0 0 0 rg BT 365.62 742.10 Td (characterized ) Tj ET Q q 0 0 0 rg BT 421.09 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 433.28 742.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 464.91 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.43 742.10 Td (price ) Tj ET Q q 0 0 0 rg BT 497.60 742.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 547.56 742.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 78.60 730.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 114.41 730.10 Td (followed ) Tj ET Q q 0 0 0 rg BT 152.46 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 164.96 730.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 196.89 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.72 730.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 235.77 730.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 274.38 730.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 295.75 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.69 730.10 Td (shortages ) Tj ET Q q 0 0 0 rg BT 352.96 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.79 730.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 417.94 730.10 Td (capacity) Tj ET Q q 0 0 0 rg BT 450.61 730.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 706.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.59 706.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 96.98 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 114.48 706.10 Td (there ) Tj ET Q q 0 0 0 rg BT 136.98 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 146.17 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 153.12 706.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 187.30 706.10 Td (correlation ) Tj ET Q q 0 0 0 rg BT 233.12 706.10 Td (between ) Tj ET Q q 0 0 0 rg BT 268.95 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.68 706.10 Td (economy ) Tj ET Q q 0 0 0 rg BT 322.85 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.80 706.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 389.51 706.10 Td (automobile ) Tj ET Q q 0 0 0 rg BT 437.02 706.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 477.85 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 488.14 706.10 Td (general. ) Tj ET Q q 0 0 0 rg BT 522.58 706.10 Td (Operators ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.76 694.10 Td (light ) Tj ET Q q 0 0 0 rg BT 90.39 694.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 140.02 694.10 Td (automobiles ) Tj ET Q q 0 0 0 rg BT 191.32 694.10 Td (may ) Tj ET Q q 0 0 0 rg BT 210.97 694.10 Td (be ) Tj ET Q q 0 0 0 rg BT 222.83 694.10 Td (less ) Tj ET Q q 0 0 0 rg BT 240.26 694.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 265.46 694.10 Td (than ) Tj ET Q q 0 0 0 rg BT 285.10 694.10 Td (other ) Tj ET Q q 0 0 0 rg BT 308.07 694.10 Td (business ) Tj ET Q q 0 0 0 rg BT 344.39 694.10 Td (segments ) Tj ET Q q 0 0 0 rg BT 384.03 694.10 Td (within ) Tj ET Q q 0 0 0 rg BT 412.01 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.66 694.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 476.28 694.10 Td (automobile ) Tj ET Q q 0 0 0 rg BT 523.70 694.10 Td (insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (market ) Tj ET Q q 0 0 0 rg BT 80.85 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.72 682.10 Td (take ) Tj ET Q q 0 0 0 rg BT 111.47 682.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 147.32 682.10 Td (out ) Tj ET Q q 0 0 0 rg BT 163.19 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.61 682.10 Td (service ) Tj ET Q q 0 0 0 rg BT 206.01 682.10 Td (as ) Tj ET Q q 0 0 0 rg BT 217.43 682.10 Td (their ) Tj ET Q q 0 0 0 rg BT 238.85 682.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 284.16 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.69 682.10 Td (business ) Tj ET Q q 0 0 0 rg BT 338.67 682.10 Td (reputations ) Tj ET Q q 0 0 0 rg BT 386.19 682.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 404.83 682.10 Td (heavily ) Tj ET Q q 0 0 0 rg BT 437.35 682.10 Td (on ) Tj ET Q q 0 0 0 rg BT 450.44 682.10 Td (availability) Tj ET Q q 0 0 0 rg BT 494.78 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 500.15 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 509.18 682.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 522.83 682.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 554.24 682.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 80.09 670.10 Td (business ) Tj ET Q q 0 0 0 rg BT 116.87 670.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 138.65 670.10 Td (such ) Tj ET Q q 0 0 0 rg BT 159.86 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 171.08 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.19 670.10 Td (taxi ) Tj ET Q q 0 0 0 rg BT 204.07 670.10 Td (line, ) Tj ET Q q 0 0 0 rg BT 224.45 670.10 Td (there ) Tj ET Q q 0 0 0 rg BT 247.33 670.10 Td (are ) Tj ET Q q 0 0 0 rg BT 262.42 670.10 Td (also ) Tj ET Q q 0 0 0 rg BT 281.42 670.10 Td (other ) Tj ET Q q 0 0 0 rg BT 304.85 670.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 334.95 670.10 Td (such ) Tj ET Q q 0 0 0 rg BT 356.17 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 367.39 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.49 670.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 401.49 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.81 670.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 450.03 670.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 479.59 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.81 670.10 Td (medallions ) Tj ET Q q 0 0 0 rg BT 537.58 670.10 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.72 658.10 Td (discourage ) Tj ET Q q 0 0 0 rg BT 115.53 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 122.47 658.10 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 175.51 658.10 Td (from ) Tj ET Q q 0 0 0 rg BT 197.45 658.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 224.95 658.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 260.21 658.10 Td (out ) Tj ET Q q 0 0 0 rg BT 275.49 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.32 658.10 Td (service ) Tj ET Q q 0 0 0 rg BT 317.13 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 327.41 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.13 658.10 Td (face ) Tj ET Q q 0 0 0 rg BT 361.27 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.10 658.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 406.25 658.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 440.41 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 454.57 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.28 658.10 Td (use ) Tj ET Q q 0 0 0 rg BT 485.11 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.94 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.66 658.10 Td (vehicle. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 629.10 Td (Non-Standard ) Tj ET Q q 0 0 0 rg BT 113.08 629.10 Td (Automobile) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 612.10 Td (Non-standard ) Tj ET Q q 0 0 0 rg BT 107.05 612.10 Td (automobile ) Tj ET Q q 0 0 0 rg BT 154.67 612.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 195.60 612.10 Td (is ) Tj ET Q q 0 0 0 rg BT 204.90 612.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 250.84 612.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 289.01 612.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.41 612.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 346.48 612.10 Td (who ) Tj ET Q q 0 0 0 rg BT 366.33 612.10 Td (do ) Tj ET Q q 0 0 0 rg BT 378.95 612.10 Td (not ) Tj ET Q q 0 0 0 rg BT 394.35 612.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 425.30 612.10 Td (for ) Tj ET Q q 0 0 0 rg BT 439.58 612.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 476.08 612.10 Td (automobile ) Tj ET Q q 0 0 0 rg BT 523.70 612.10 Td (insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 600.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 89.31 600.10 Td (because ) Tj ET Q q 0 0 0 rg BT 124.19 600.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.75 600.10 Td (their ) Tj ET Q q 0 0 0 rg BT 157.30 600.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 194.97 600.10 Td (history) Tj ET Q q 0 0 0 rg BT 222.10 600.10 Td (, ) Tj ET Q q 0 0 0 rg BT 227.83 600.10 Td (driving ) Tj ET Q q 0 0 0 rg BT 259.94 600.10 Td (record, ) Tj ET Q q 0 0 0 rg BT 291.21 600.10 Td (place ) Tj ET Q q 0 0 0 rg BT 315.53 600.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.09 600.10 Td (residence, ) Tj ET Q q 0 0 0 rg BT 370.58 600.10 Td (age, ) Tj ET Q q 0 0 0 rg BT 390.19 600.10 Td (vehicle ) Tj ET Q q 0 0 0 rg BT 422.29 600.10 Td (type ) Tj ET Q q 0 0 0 rg BT 442.73 600.10 Td (or ) Tj ET Q q 0 0 0 rg BT 454.29 600.10 Td (other ) Tj ET Q q 0 0 0 rg BT 478.07 600.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 511.01 600.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 534.24 600.10 Td (drivers ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 588.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 87.49 588.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 126.64 588.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 154.68 588.10 Td (than ) Tj ET Q q 0 0 0 rg BT 174.40 588.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 205.22 588.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 226.62 588.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.55 588.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 260.49 588.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 288.54 588.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 329.36 588.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 350.73 588.10 Td (for ) Tj ET Q q 0 0 0 rg BT 364.89 588.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 414.03 588.10 Td (coverage.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 571.10 Td (Consistent ) Tj ET Q q 0 0 0 rg BT 94.46 571.10 Td (with ) Tj ET Q q 0 0 0 rg BT 113.98 571.10 Td (Atlas) Tj ET Q q 0 0 0 rg BT 137.68 571.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.92 571.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 163.81 571.10 Td (on ) Tj ET Q q 0 0 0 rg BT 176.05 571.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 225.48 571.10 Td (automobile ) Tj ET Q q 0 0 0 rg BT 272.71 571.10 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 315.27 571.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 338.61 571.10 Td (has ) Tj ET Q q 0 0 0 rg BT 354.18 571.10 Td (transitioned ) Tj ET Q q 0 0 0 rg BT 403.63 571.10 Td (away ) Tj ET Q q 0 0 0 rg BT 426.96 571.10 Td (from ) Tj ET Q q 0 0 0 rg BT 448.64 571.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.09 571.10 Td (non-standard ) Tj ET Q q 0 0 0 rg BT 517.53 571.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 536.99 571.10 Td (line ) Tj ET Q q 0 0 0 rg BT 554.22 571.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 559.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 74.30 559.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 97.72 559.10 Td (ceased ) Tj ET Q q 0 0 0 rg BT 126.68 559.10 Td (renewals ) Tj ET Q q 0 0 0 rg BT 164.53 559.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.18 559.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 208.59 559.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.24 559.10 Td (this ) Tj ET Q q 0 0 0 rg BT 236.00 559.10 Td (type ) Tj ET Q q 0 0 0 rg BT 255.53 559.10 Td (in ) Tj ET Q q 0 0 0 rg BT 265.62 559.10 Td (201) Tj ET Q q 0 0 0 rg BT 280.25 559.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 290.06 559.10 Td (allowing ) Tj ET Q q 0 0 0 rg BT 327.37 559.10 Td (surplus ) Tj ET Q q 0 0 0 rg BT 358.58 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.33 559.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 415.40 559.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.49 559.10 Td (be ) Tj ET Q q 0 0 0 rg BT 437.25 559.10 Td (devoted ) Tj ET Q q 0 0 0 rg BT 471.21 559.10 Td (to ) Tj ET Q q 0 0 0 rg BT 481.31 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.84 559.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 533.68 559.10 Td (growth ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.30 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.48 547.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 123.65 547.10 Td (automobile ) Tj ET Q q 0 0 0 rg BT 170.61 547.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 208.82 547.10 Td (The ) Tj ET Q q 0 0 0 rg BT 226.34 547.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 262.18 547.10 Td (written ) Tj ET Q q 0 0 0 rg BT 292.47 547.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 330.54 547.10 Td (within ) Tj ET Q q 0 0 0 rg BT 358.07 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.25 547.10 Td (non-standard ) Tj ET Q q 0 0 0 rg BT 426.43 547.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 445.61 547.10 Td (line ) Tj ET Q q 0 0 0 rg BT 462.57 547.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 493.96 547.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 527.04 547.10 Td (canceled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 535.10 Td (mid-term.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 518.10 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 501.10 Td (This ) Tj ET Q q 0 0 0 rg BT 70.86 501.10 Td (line ) Tj ET Q q 0 0 0 rg BT 88.93 501.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.34 501.10 Td (business ) Tj ET Q q 0 0 0 rg BT 137.31 501.10 Td (is ) Tj ET Q q 0 0 0 rg BT 147.06 501.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 187.35 501.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 232.08 501.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.81 501.10 Td (Atlas) Tj ET Q q 0 0 0 rg BT 266.51 501.10 Td ( ) Tj ET Q q 0 0 0 rg BT 269.59 501.10 Td (surety ) Tj ET Q q 0 0 0 rg BT 297.10 501.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 336.57 501.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 355.20 501.10 Td (surety ) Tj ET Q q 0 0 0 rg BT 382.72 501.10 Td (program ) Tj ET Q q 0 0 0 rg BT 419.68 501.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 459.97 501.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 494.72 501.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.12 501.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 526.99 501.10 Td (Customs ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 489.10 Td (bonds. ) Tj ET Q q 0 0 0 rg BT 78.37 489.10 Td (W) Tj ET Q q 0 0 0 rg BT 87.00 489.10 Td (e ) Tj ET Q q 0 0 0 rg BT 93.57 489.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 124.02 489.10 Td (a ) Tj ET Q q 0 0 0 rg BT 130.58 489.10 Td (former ) Tj ET Q q 0 0 0 rg BT 159.92 489.10 Td (af) Tj ET Q q 0 0 0 rg BT 167.51 489.10 Td (filiate ) Tj ET Q q 0 0 0 rg BT 192.49 489.10 Td (A) Tj ET Q q 0 0 0 rg BT 198.97 489.10 Td (valon ) Tj ET Q q 0 0 0 rg BT 223.31 489.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 243.78 489.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 298.11 489.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.02 489.10 Td (help ) Tj ET Q q 0 0 0 rg BT 327.36 489.10 Td (coordinate ) Tj ET Q q 0 0 0 rg BT 371.70 489.10 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 416.87 489.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 455.65 489.10 Td (service ) Tj ET Q q 0 0 0 rg BT 486.10 489.10 Td (and ) Tj ET Q q 0 0 0 rg BT 502.66 489.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 527.00 489.10 Td (handling ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 477.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 477.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.88 477.10 Td (surety ) Tj ET Q q 0 0 0 rg BT 105.82 477.10 Td (bonds ) Tj ET Q q 0 0 0 rg BT 132.21 477.10 Td (written. ) Tj ET Q q 0 0 0 rg BT 165.35 477.10 Td (This ) Tj ET Q q 0 0 0 rg BT 185.63 477.10 Td (program ) Tj ET Q q 0 0 0 rg BT 222.01 477.10 Td (is ) Tj ET Q q 0 0 0 rg BT 231.18 477.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 257.01 477.10 Td (reinsured ) Tj ET Q q 0 0 0 rg BT 296.71 477.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.99 477.10 Td (an ) Tj ET Q q 0 0 0 rg BT 318.93 477.10 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 358.63 477.10 Td (third ) Tj ET Q q 0 0 0 rg BT 380.02 477.10 Td (party) Tj ET Q q 0 0 0 rg BT 399.92 477.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (Competitive Strengths) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (Our value proposition is driven by our competitive strengths, which include the following:) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (Focus ) Tj ET Q q 0 0 0 rg BT 76.75 400.10 Td (on ) Tj ET Q q 0 0 0 rg BT 89.07 400.10 Td (niche ) Tj ET Q q 0 0 0 rg BT 113.04 400.10 Td (commer) Tj ET Q q 0 0 0 rg BT 144.88 400.10 Td (cial ) Tj ET Q q 0 0 0 rg BT 162.19 400.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 203.94 400.10 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.33 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 242.48 400.10 Td (W) Tj ET Q q 0 0 0 rg BT 251.12 400.10 Td (e ) Tj ET Q q 0 0 0 rg BT 257.87 400.10 Td (tar) Tj ET Q q 0 0 0 rg BT 268.24 400.10 Td (get ) Tj ET Q q 0 0 0 rg BT 282.77 400.10 Td (niche ) Tj ET Q q 0 0 0 rg BT 306.74 400.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 340.71 400.10 Td (that ) Tj ET Q q 0 0 0 rg BT 358.02 400.10 Td (support ) Tj ET Q q 0 0 0 rg BT 390.33 400.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 428.18 400.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 458.82 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 475.57 400.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 506.76 400.10 Td (we ) Tj ET Q q 0 0 0 rg BT 520.73 400.10 Td (are ) Tj ET Q q 0 0 0 rg BT 535.25 400.10 Td (able ) Tj ET Q q 0 0 0 rg BT 554.22 400.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (adapt ) Tj ET Q q 0 0 0 rg BT 73.73 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 83.58 388.10 Td (changing ) Tj ET Q q 0 0 0 rg BT 122.31 388.10 Td (market ) Tj ET Q q 0 0 0 rg BT 152.14 388.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 176.98 388.10 Td (ahead ) Tj ET Q q 0 0 0 rg BT 202.37 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.78 388.10 Td (our ) Tj ET Q q 0 0 0 rg BT 228.18 388.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 277.46 388.10 Td (through ) Tj ET Q q 0 0 0 rg BT 310.64 388.10 Td (our ) Tj ET Q q 0 0 0 rg BT 326.05 388.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 361.99 388.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 414.61 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.12 388.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 474.29 388.10 Td (scale. ) Tj ET Q q 0 0 0 rg BT 498.70 388.10 Td (W) Tj ET Q q 0 0 0 rg BT 507.34 388.10 Td (e ) Tj ET Q q 0 0 0 rg BT 513.85 388.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 547.57 388.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 79.90 376.10 Td (superior ) Tj ET Q q 0 0 0 rg BT 114.80 376.10 Td (specialty ) Tj ET Q q 0 0 0 rg BT 152.48 376.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 201.82 376.10 Td (automobile ) Tj ET Q q 0 0 0 rg BT 248.94 376.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 289.39 376.10 Td (products ) Tj ET Q q 0 0 0 rg BT 325.97 376.10 Td (priced ) Tj ET Q q 0 0 0 rg BT 353.09 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.01 376.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 384.58 376.10 Td (our ) Tj ET Q q 0 0 0 rg BT 400.04 376.10 Td (customers' ) Tj ET Q q 0 0 0 rg BT 444.53 376.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 469.43 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.01 376.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 522.00 376.10 Td (consistent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 103.94 364.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 128.44 364.10 Td (for ) Tj ET Q q 0 0 0 rg BT 142.39 364.10 Td (our ) Tj ET Q q 0 0 0 rg BT 158.00 364.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 198.60 364.10 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 250.44 364.10 Td (W) Tj ET Q q 0 0 0 rg BT 259.08 364.10 Td (e ) Tj ET Q q 0 0 0 rg BT 265.80 364.10 Td (have ) Tj ET Q q 0 0 0 rg BT 286.96 364.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 337.55 364.10 Td (a ) Tj ET Q q 0 0 0 rg BT 344.27 364.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 384.31 364.10 Td (trend ) Tj ET Q q 0 0 0 rg BT 407.14 364.10 Td (in ) Tj ET Q q 0 0 0 rg BT 417.21 364.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 435.05 364.10 Td (ratios ) Tj ET Q q 0 0 0 rg BT 459.56 364.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.62 364.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 491.91 364.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 539.73 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 364.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 91.10 352.10 Td (composition ) Tj ET Q q 0 0 0 rg BT 143.88 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.55 352.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 206.09 352.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 226.65 352.10 Td (as ) Tj ET Q q 0 0 0 rg BT 238.33 352.10 Td (a ) Tj ET Q q 0 0 0 rg BT 246.11 352.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 292.75 352.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.42 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.98 352.10 Td (total ) Tj ET Q q 0 0 0 rg BT 341.10 352.10 Td (written ) Tj ET Q q 0 0 0 rg BT 372.76 352.10 Td (premium. ) Tj ET Q q 0 0 0 rg BT 414.47 352.10 Td (W) Tj ET Q q 0 0 0 rg BT 423.11 352.10 Td (e ) Tj ET Q q 0 0 0 rg BT 430.89 352.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 460.32 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.88 352.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 494.79 352.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 516.45 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.57 352.10 Td (continue ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 95.25 340.10 Td (as ) Tj ET Q q 0 0 0 rg BT 106.08 340.10 Td (we ) Tj ET Q q 0 0 0 rg BT 120.24 340.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 159.39 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.11 340.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 214.38 340.10 Td (away ) Tj ET Q q 0 0 0 rg BT 237.98 340.10 Td (from ) Tj ET Q q 0 0 0 rg BT 259.92 340.10 Td (non-standard ) Tj ET Q q 0 0 0 rg BT 314.63 340.10 Td (automobile ) Tj ET Q q 0 0 0 rg BT 362.12 340.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 402.93 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.87 340.10 Td (other ) Tj ET Q q 0 0 0 rg BT 442.92 340.10 Td (non-core ) Tj ET Q q 0 0 0 rg BT 480.96 340.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 502.34 340.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.17 340.10 Td (business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 323.10 Td (There ) Tj ET Q q 0 0 0 rg BT 75.33 323.10 Td (are ) Tj ET Q q 0 0 0 rg BT 89.56 323.10 Td (a ) Tj ET Q q 0 0 0 rg BT 96.02 323.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 126.36 323.10 Td (number ) Tj ET Q q 0 0 0 rg BT 158.93 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.28 323.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 218.51 323.10 Td (specializing ) Tj ET Q q 0 0 0 rg BT 268.28 323.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.08 323.10 Td (these ) Tj ET Q q 0 0 0 rg BT 300.64 323.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 321.55 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.90 323.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 370.31 323.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 424.53 323.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 459.31 323.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.77 323.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 492.78 323.10 Td (value ) Tj ET Q q 0 0 0 rg BT 516.46 323.10 Td (proposition ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 311.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.36 311.10 Td (very ) Tj ET Q q 0 0 0 rg BT 79.82 311.10 Td (important ) Tj ET Q q 0 0 0 rg BT 121.40 311.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.87 311.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 159.54 311.10 Td (new ) Tj ET Q q 0 0 0 rg BT 178.89 311.10 Td (business ) Tj ET Q q 0 0 0 rg BT 215.47 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 232.60 311.10 Td (can ) Tj ET Q q 0 0 0 rg BT 249.17 311.10 Td (result ) Tj ET Q q 0 0 0 rg BT 274.08 311.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.55 311.10 Td (desirable ) Tj ET Q q 0 0 0 rg BT 323.34 311.10 Td (retention ) Tj ET Q q 0 0 0 rg BT 361.57 311.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 387.59 311.10 Td (as ) Tj ET Q q 0 0 0 rg BT 398.61 311.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 432.41 311.10 Td (renew ) Tj ET Q q 0 0 0 rg BT 459.53 311.10 Td (on ) Tj ET Q q 0 0 0 rg BT 472.22 311.10 Td (an ) Tj ET Q q 0 0 0 rg BT 484.35 311.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 513.70 311.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 538.69 311.10 Td (There ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.77 299.10 Td (also ) Tj ET Q q 0 0 0 rg BT 83.44 299.10 Td (a ) Tj ET Q q 0 0 0 rg BT 90.44 299.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 130.77 299.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 161.66 299.10 Td (number ) Tj ET Q q 0 0 0 rg BT 194.77 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.66 299.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 233.77 299.10 Td (who ) Tj ET Q q 0 0 0 rg BT 253.56 299.10 Td (specialize ) Tj ET Q q 0 0 0 rg BT 295.54 299.10 Td (in ) Tj ET Q q 0 0 0 rg BT 305.88 299.10 Td (these ) Tj ET Q q 0 0 0 rg BT 328.99 299.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 350.44 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.34 299.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 400.29 299.10 Td ( ) Tj ET Q q 0 0 0 rg BT 402.29 299.10 Td (As ) Tj ET Q q 0 0 0 rg BT 415.97 299.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.97 299.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 450.25 299.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 486.69 299.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 510.90 299.10 Td (relationships ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 287.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.71 287.10 Td (important ) Tj ET Q q 0 0 0 rg BT 106.09 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 116.37 287.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 144.97 287.10 Td (ef) Tj ET Q q 0 0 0 rg BT 152.55 287.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 180.60 287.10 Td (distribution.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 270.10 Td (Str) Tj ET Q q 0 0 0 rg BT 61.30 270.10 Td (ong ) Tj ET Q q 0 0 0 rg BT 79.21 270.10 Td (market ) Tj ET Q q 0 0 0 rg BT 109.90 270.10 Td (pr) Tj ET Q q 0 0 0 rg BT 118.42 270.10 Td (esence ) Tj ET Q q 0 0 0 rg BT 147.98 270.10 Td (with ) Tj ET Q q 0 0 0 rg BT 168.12 270.10 Td (r) Tj ET Q q 0 0 0 rg BT 171.64 270.10 Td (ecognized ) Tj ET Q q 0 0 0 rg BT 214.54 270.10 Td (brands ) Tj ET Q q 0 0 0 rg BT 245.24 270.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.15 270.10 Td (long-standing ) Tj ET Q q 0 0 0 rg BT 321.63 270.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 371.22 270.10 Td (r) Tj ET Q q 0 0 0 rg BT 374.74 270.10 Td (elationships.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.57 270.10 Td ( ) Tj ET Q q 0 0 0 rg BT 427.84 270.10 Td (American ) Tj ET Q q 0 0 0 rg BT 470.18 270.10 Td (Country ) Tj ET Q q 0 0 0 rg BT 505.88 270.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.58 270.10 Td (American ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 258.10 Td (Service ) Tj ET Q q 0 0 0 rg BT 82.38 258.10 Td (have ) Tj ET Q q 0 0 0 rg BT 103.65 258.10 Td (a ) Tj ET Q q 0 0 0 rg BT 110.48 258.10 Td (long ) Tj ET Q q 0 0 0 rg BT 130.66 258.10 Td (heritage ) Tj ET Q q 0 0 0 rg BT 165.25 258.10 Td (as ) Tj ET Q q 0 0 0 rg BT 175.98 258.10 Td (insurers ) Tj ET Q q 0 0 0 rg BT 210.03 258.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.75 258.10 Td (taxi, ) Tj ET Q q 0 0 0 rg BT 240.64 258.10 Td (livery ) Tj ET Q q 0 0 0 rg BT 266.36 258.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.19 258.10 Td (para-transit ) Tj ET Q q 0 0 0 rg BT 331.12 258.10 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 378.24 258.10 Td (Both ) Tj ET Q q 0 0 0 rg BT 400.08 258.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.80 258.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.41 258.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 466.12 258.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 515.73 258.10 Td (have ) Tj ET Q q 0 0 0 rg BT 537.01 258.10 Td (strong ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 246.10 Td (brand ) Tj ET Q q 0 0 0 rg BT 75.58 246.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 123.94 246.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.20 246.10 Td (long-standing ) Tj ET Q q 0 0 0 rg BT 199.01 246.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 247.94 246.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 301.86 246.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.45 246.10 Td (our ) Tj ET Q q 0 0 0 rg BT 328.60 246.10 Td (tar) Tj ET Q q 0 0 0 rg BT 338.97 246.10 Td (get ) Tj ET Q q 0 0 0 rg BT 354.00 246.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 390.77 246.10 Td (Through ) Tj ET Q q 0 0 0 rg BT 428.02 246.10 Td (regular ) Tj ET Q q 0 0 0 rg BT 459.15 246.10 Td (interaction ) Tj ET Q q 0 0 0 rg BT 504.73 246.10 Td (with ) Tj ET Q q 0 0 0 rg BT 525.32 246.10 Td (our ) Tj ET Q q 0 0 0 rg BT 541.47 246.10 Td (retail ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 234.10 Td (producers, ) Tj ET Q q 0 0 0 rg BT 94.16 234.10 Td (we ) Tj ET Q q 0 0 0 rg BT 108.06 234.10 Td (strive ) Tj ET Q q 0 0 0 rg BT 132.51 234.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.52 234.10 Td (thoroughly ) Tj ET Q q 0 0 0 rg BT 188.64 234.10 Td (understand ) Tj ET Q q 0 0 0 rg BT 234.75 234.10 Td (each ) Tj ET Q q 0 0 0 rg BT 255.30 234.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.86 234.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.31 234.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 314.20 234.10 Td (we ) Tj ET Q q 0 0 0 rg BT 328.10 234.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 351.43 234.10 Td (in ) Tj ET Q q 0 0 0 rg BT 361.44 234.10 Td (order ) Tj ET Q q 0 0 0 rg BT 384.78 234.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.79 234.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 424.79 234.10 Td (strategically ) Tj ET Q q 0 0 0 rg BT 475.89 234.10 Td (priced ) Tj ET Q q 0 0 0 rg BT 503.11 234.10 Td (products ) Tj ET Q q 0 0 0 rg BT 539.78 234.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 234.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 222.10 Td (right ) Tj ET Q q 0 0 0 rg BT 71.39 222.10 Td (market ) Tj ET Q q 0 0 0 rg BT 101.65 222.10 Td (at ) Tj ET Q q 0 0 0 rg BT 111.37 222.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.08 222.10 Td (right ) Tj ET Q q 0 0 0 rg BT 147.47 222.10 Td (time.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 198.10 Td (Sophisticated ) Tj ET Q q 0 0 0 rg BT 105.15 198.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 158.65 198.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.92 198.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 202.30 198.10 Td (handling ) Tj ET Q q 0 0 0 rg BT 239.13 198.10 Td (expertise. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.00 198.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 301.38 198.10 Td (has ) Tj ET Q q 0 0 0 rg BT 315.98 198.10 Td (extensive ) Tj ET Q q 0 0 0 rg BT 355.02 198.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 399.59 198.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.30 198.10 Td (expertise ) Tj ET Q q 0 0 0 rg BT 452.67 198.10 Td (with ) Tj ET Q q 0 0 0 rg BT 471.72 198.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 501.30 198.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.35 198.10 Td (underwriting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 186.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.20 186.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 96.06 186.10 Td (management ) Tj ET Q q 0 0 0 rg BT 149.90 186.10 Td (in ) Tj ET Q q 0 0 0 rg BT 160.44 186.10 Td (our ) Tj ET Q q 0 0 0 rg BT 176.53 186.10 Td (specialty ) Tj ET Q q 0 0 0 rg BT 214.83 186.10 Td (area ) Tj ET Q q 0 0 0 rg BT 234.23 186.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.32 186.10 Td (insurance. ) Tj ET Q q 0 0 0 rg BT 288.89 186.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 307.20 186.10 Td (well-developed ) Tj ET Q q 0 0 0 rg BT 371.60 186.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 426.01 186.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.21 186.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 472.07 186.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 528.69 186.10 Td (includes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 174.10 Td (an ) Tj ET Q q 0 0 0 rg BT 61.92 174.10 Td (extensive ) Tj ET Q q 0 0 0 rg BT 102.17 174.10 Td (data ) Tj ET Q q 0 0 0 rg BT 121.30 174.10 Td (repository) Tj ET Q q 0 0 0 rg BT 161.20 174.10 Td (, ) Tj ET Q q 0 0 0 rg BT 166.18 174.10 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 213.09 174.10 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 268.61 174.10 Td (deep ) Tj ET Q q 0 0 0 rg BT 289.97 174.10 Td (market ) Tj ET Q q 0 0 0 rg BT 320.22 174.10 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 366.58 174.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.50 174.10 Td (established ) Tj ET Q q 0 0 0 rg BT 430.41 174.10 Td (market ) Tj ET Q q 0 0 0 rg BT 460.66 174.10 Td (relationships. ) Tj ET Q q 0 0 0 rg BT 516.19 174.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 553.68 174.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 162.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.15 162.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 110.85 162.10 Td (data ) Tj ET Q q 0 0 0 rg BT 130.43 162.10 Td (available ) Tj ET Q q 0 0 0 rg BT 169.45 162.10 Td (through ) Tj ET Q q 0 0 0 rg BT 203.49 162.10 Td (our ) Tj ET Q q 0 0 0 rg BT 219.75 162.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 260.44 162.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 306.13 162.10 Td (drives ) Tj ET Q q 0 0 0 rg BT 333.50 162.10 Td (our ) Tj ET Q q 0 0 0 rg BT 349.76 162.10 Td (product ) Tj ET Q q 0 0 0 rg BT 383.23 162.10 Td (and ) Tj ET Q q 0 0 0 rg BT 400.60 162.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 431.85 162.10 Td (decisions. ) Tj ET Q q 0 0 0 rg BT 474.50 162.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 492.98 162.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 547.56 162.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 150.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 78.44 150.10 Td (handling ) Tj ET Q q 0 0 0 rg BT 115.76 150.10 Td (expertise ) Tj ET Q q 0 0 0 rg BT 154.19 150.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 190.96 150.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 231.05 150.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 248.38 150.10 Td (selection, ) Tj ET Q q 0 0 0 rg BT 288.76 150.10 Td (high ) Tj ET Q q 0 0 0 rg BT 308.87 150.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 338.98 150.10 Td (service ) Tj ET Q q 0 0 0 rg BT 369.62 150.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.74 150.10 Td (our ) Tj ET Q q 0 0 0 rg BT 395.40 150.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 438.28 150.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.05 150.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 485.14 150.10 Td (control ) Tj ET Q q 0 0 0 rg BT 515.79 150.10 Td (over ) Tj ET Q q 0 0 0 rg BT 535.90 150.10 Td (claims ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 138.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 90.78 138.10 Td (W) Tj ET Q q 0 0 0 rg BT 99.42 138.10 Td (e ) Tj ET Q q 0 0 0 rg BT 106.21 138.10 Td (are ) Tj ET Q q 0 0 0 rg BT 120.76 138.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 165.88 138.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.01 138.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 226.13 138.10 Td (this ) Tj ET Q q 0 0 0 rg BT 242.93 138.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 296.93 138.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.72 138.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 342.17 138.10 Td (handling ) Tj ET Q q 0 0 0 rg BT 379.52 138.10 Td (expertise ) Tj ET Q q 0 0 0 rg BT 417.96 138.10 Td (as ) Tj ET Q q 0 0 0 rg BT 428.64 138.10 Td (a ) Tj ET Q q 0 0 0 rg BT 435.43 138.10 Td (core ) Tj ET Q q 0 0 0 rg BT 454.99 138.10 Td (competency ) Tj ET Q q 0 0 0 rg BT 505.65 138.10 Td (as ) Tj ET Q q 0 0 0 rg BT 516.33 138.10 Td (our ) Tj ET Q q 0 0 0 rg BT 532.01 138.10 Td (volume ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 126.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 126.10 Td (business ) Tj ET Q q 0 0 0 rg BT 97.22 126.10 Td (increases.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 102.10 Td (Scalable ) Tj ET Q q 0 0 0 rg BT 87.70 102.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 133.75 102.10 Td (positioned ) Tj ET Q q 0 0 0 rg BT 178.69 102.10 Td (for ) Tj ET Q q 0 0 0 rg BT 193.63 102.10 Td (gr) Tj ET Q q 0 0 0 rg BT 202.15 102.10 Td (owth.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.10 102.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.37 102.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 274.52 102.10 Td (progress ) Tj ET Q q 0 0 0 rg BT 311.67 102.10 Td (has ) Tj ET Q q 0 0 0 rg BT 328.27 102.10 Td (also ) Tj ET Q q 0 0 0 rg BT 347.65 102.10 Td (been ) Tj ET Q q 0 0 0 rg BT 369.80 102.10 Td (made ) Tj ET Q q 0 0 0 rg BT 394.73 102.10 Td (in ) Tj ET Q q 0 0 0 rg BT 405.77 102.10 Td (aligning ) Tj ET Q q 0 0 0 rg BT 441.82 102.10 Td (our ) Tj ET Q q 0 0 0 rg BT 458.42 102.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 477.80 102.10 Td (base ) Tj ET Q q 0 0 0 rg BT 498.84 102.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.89 102.10 Td (our ) Tj ET Q q 0 0 0 rg BT 526.49 102.10 Td (expected ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 90.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 84.04 90.10 Td (base ) Tj ET Q q 0 0 0 rg BT 104.20 90.10 Td (going ) Tj ET Q q 0 0 0 rg BT 129.37 90.10 Td (forward. ) Tj ET Q q 0 0 0 rg BT 165.75 90.10 Td (The ) Tj ET Q q 0 0 0 rg BT 183.69 90.10 Td (core ) Tj ET Q q 0 0 0 rg BT 203.29 90.10 Td (functions ) Tj ET Q q 0 0 0 rg BT 242.90 90.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.62 90.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.23 90.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 308.94 90.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 358.55 90.10 Td (were ) Tj ET Q q 0 0 0 rg BT 380.38 90.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 422.75 90.10 Td (into ) Tj ET Q q 0 0 0 rg BT 440.70 90.10 Td (a ) Tj ET Q q 0 0 0 rg BT 447.53 90.10 Td (common ) Tj ET Q q 0 0 0 rg BT 484.92 90.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 525.08 90.10 Td (platform. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 78.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 78.10 Td (e ) Tj ET Q q 0 0 0 rg BT 66.06 78.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 97.91 78.10 Td (that ) Tj ET Q q 0 0 0 rg BT 115.89 78.10 Td (both ) Tj ET Q q 0 0 0 rg BT 136.65 78.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 177.94 78.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 228.14 78.10 Td (are ) Tj ET Q q 0 0 0 rg BT 243.33 78.10 Td (well ) Tj ET Q q 0 0 0 rg BT 263.53 78.10 Td (positioned ) Tj ET Q q 0 0 0 rg BT 308.17 78.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.93 78.10 Td (begin ) Tj ET Q q 0 0 0 rg BT 344.13 78.10 Td (returning ) Tj ET Q q 0 0 0 rg BT 383.76 78.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.52 78.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.72 78.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 442.70 78.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.01 78.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 493.09 78.10 Td (they ) Tj ET Q q 0 0 0 rg BT 513.29 78.10 Td (wrote ) Tj ET Q q 0 0 0 rg BT 539.04 78.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 78.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 66.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 76.92 66.10 Td (past ) Tj ET Q q 0 0 0 rg BT 95.53 66.10 Td (with ) Tj ET Q q 0 0 0 rg BT 115.81 66.10 Td (better ) Tj ET Q q 0 0 0 rg BT 141.07 66.10 Td (than ) Tj ET Q q 0 0 0 rg BT 160.79 66.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 196.07 66.10 Td (level ) Tj ET Q q 0 0 0 rg BT 218.00 66.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 268.27 66.10 Td (from ) Tj ET Q q 0 0 0 rg BT 290.21 66.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.93 66.10 Td (ef) Tj ET Q q 0 0 0 rg BT 312.51 66.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 340.56 66.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 380.82 66.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 437.18 66.10 Td (honed ) Tj ET Q q 0 0 0 rg BT 464.12 66.10 Td (in ) Tj ET Q q 0 0 0 rg BT 474.40 66.10 Td (201) Tj ET Q q 0 0 0 rg BT 489.03 66.10 Td (1.) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 43 0 obj <>] /Rotate 0 /Contents 44 0 R>> endobj 44 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (21) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Experienced ) Tj ET Q q 0 0 0 rg BT 102.23 742.10 Td (management ) Tj ET Q q 0 0 0 rg BT 155.59 742.10 Td (team.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 177.53 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 179.63 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 188.27 742.10 Td (e ) Tj ET Q q 0 0 0 rg BT 194.97 742.10 Td (have ) Tj ET Q q 0 0 0 rg BT 216.11 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 222.81 742.10 Td (talented ) Tj ET Q q 0 0 0 rg BT 256.72 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.42 742.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 323.99 742.10 Td (management ) Tj ET Q q 0 0 0 rg BT 377.34 742.10 Td (team ) Tj ET Q q 0 0 0 rg BT 399.03 742.10 Td (led ) Tj ET Q q 0 0 0 rg BT 413.51 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 425.77 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 441.37 742.10 Td (President ) Tj ET Q q 0 0 0 rg BT 480.84 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.55 742.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 522.02 742.10 Td (Executive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 730.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 78.29 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 83.96 730.10 Td (Scott ) Tj ET Q q 0 0 0 rg BT 107.47 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 116.10 730.10 Td (ollney) Tj ET Q q 0 0 0 rg BT 140.45 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 146.13 730.10 Td (who ) Tj ET Q q 0 0 0 rg BT 166.52 730.10 Td (has ) Tj ET Q q 0 0 0 rg BT 183.03 730.10 Td (more ) Tj ET Q q 0 0 0 rg BT 206.75 730.10 Td (than ) Tj ET Q q 0 0 0 rg BT 227.15 730.10 Td (21 ) Tj ET Q q 0 0 0 rg BT 240.32 730.10 Td (years ) Tj ET Q q 0 0 0 rg BT 264.60 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.10 730.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 322.58 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 333.54 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.93 730.10 Td (property ) Tj ET Q q 0 0 0 rg BT 385.98 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.60 730.10 Td (casualty ) Tj ET Q q 0 0 0 rg BT 439.54 730.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 481.03 730.10 Td (industry) Tj ET Q q 0 0 0 rg BT 513.16 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 518.83 730.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 537.56 730.10 Td (senior ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (management ) Tj ET Q q 0 0 0 rg BT 103.10 718.10 Td (team ) Tj ET Q q 0 0 0 rg BT 124.55 718.10 Td (has ) Tj ET Q q 0 0 0 rg BT 139.89 718.10 Td (worked ) Tj ET Q q 0 0 0 rg BT 171.89 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.68 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.91 718.10 Td (property ) Tj ET Q q 0 0 0 rg BT 231.80 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.25 718.10 Td (casualty ) Tj ET Q q 0 0 0 rg BT 283.02 718.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 317.81 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 331.48 718.10 Td (an ) Tj ET Q q 0 0 0 rg BT 342.93 718.10 Td (average ) Tj ET Q q 0 0 0 rg BT 376.03 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.37 718.10 Td (21 ) Tj ET Q q 0 0 0 rg BT 398.38 718.10 Td (years ) Tj ET Q q 0 0 0 rg BT 421.49 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.94 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 457.73 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.96 718.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 512.29 718.10 Td (subsidiaries, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 83.04 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 93.87 706.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 131.54 706.10 Td (, ) Tj ET Q q 0 0 0 rg BT 136.54 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 150.70 706.10 Td (an ) Tj ET Q q 0 0 0 rg BT 162.64 706.10 Td (average ) Tj ET Q q 0 0 0 rg BT 196.23 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.06 706.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 219.56 706.10 Td (years.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Strategy) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 658.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.98 658.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 86.66 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.34 658.10 Td (deploy ) Tj ET Q q 0 0 0 rg BT 127.46 658.10 Td (our ) Tj ET Q q 0 0 0 rg BT 143.70 658.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 173.25 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.94 658.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 226.27 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.39 658.10 Td (return ) Tj ET Q q 0 0 0 rg BT 268.17 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 282.74 658.10 Td (our ) Tj ET Q q 0 0 0 rg BT 298.97 658.10 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 354.92 658.10 Td (either ) Tj ET Q q 0 0 0 rg BT 380.59 658.10 Td (by ) Tj ET Q q 0 0 0 rg BT 393.49 658.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 433.06 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 443.75 658.10 Td (growing ) Tj ET Q q 0 0 0 rg BT 479.98 658.10 Td (our ) Tj ET Q q 0 0 0 rg BT 496.22 658.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 540.78 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 552.01 658.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (pursuing ) Tj ET Q q 0 0 0 rg BT 88.06 646.10 Td (other ) Tj ET Q q 0 0 0 rg BT 111.67 646.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 141.38 646.10 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 186.38 646.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 231.10 646.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 254.16 646.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 295.54 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.04 646.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 342.75 646.10 Td (market ) Tj ET Q q 0 0 0 rg BT 373.57 646.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 420.58 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 429.22 646.10 Td (e ) Tj ET Q q 0 0 0 rg BT 436.72 646.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 461.44 646.10 Td (on ) Tj ET Q q 0 0 0 rg BT 474.50 646.10 Td (our ) Tj ET Q q 0 0 0 rg BT 490.89 646.10 Td (key ) Tj ET Q q 0 0 0 rg BT 508.39 646.10 Td (strengths ) Tj ET Q q 0 0 0 rg BT 547.56 646.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 70.41 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 80.83 634.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 112.35 634.10 Td (our ) Tj ET Q q 0 0 0 rg BT 128.32 634.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 175.39 634.10 Td (footprint ) Tj ET Q q 0 0 0 rg BT 213.02 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.10 634.10 Td (products ) Tj ET Q q 0 0 0 rg BT 267.18 634.10 Td (only ) Tj ET Q q 0 0 0 rg BT 287.60 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.02 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.88 634.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 339.96 634.10 Td (these ) Tj ET Q q 0 0 0 rg BT 363.14 634.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 401.88 634.10 Td (support ) Tj ET Q q 0 0 0 rg BT 434.53 634.10 Td (our ) Tj ET Q q 0 0 0 rg BT 450.50 634.10 Td (vision ) Tj ET Q q 0 0 0 rg BT 477.59 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.67 634.10 Td (mission. ) Tj ET Q q 0 0 0 rg BT 530.74 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 539.37 634.10 Td (e ) Tj ET Q q 0 0 0 rg BT 546.45 634.10 Td (will ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 84.57 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.48 622.10 Td (prioritize ) Tj ET Q q 0 0 0 rg BT 142.59 622.10 Td (market ) Tj ET Q q 0 0 0 rg BT 173.82 622.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 217.84 622.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 274.08 622.10 Td (based ) Tj ET Q q 0 0 0 rg BT 300.31 622.10 Td (on ) Tj ET Q q 0 0 0 rg BT 313.78 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.46 622.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 382.35 622.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 418.03 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.83 622.10 Td (our ) Tj ET Q q 0 0 0 rg BT 446.63 622.10 Td (value ) Tj ET Q q 0 0 0 rg BT 471.75 622.10 Td (proposition ) Tj ET Q q 0 0 0 rg BT 520.77 622.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 554.22 622.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (competitors, ) Tj ET Q q 0 0 0 rg BT 102.21 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.93 610.10 Td (market ) Tj ET Q q 0 0 0 rg BT 147.19 610.10 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 196.36 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.30 610.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.01 610.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 249.95 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.88 610.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 310.48 610.10 Td (environment. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 586.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.58 586.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 93.07 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.35 586.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 140.28 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.56 586.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 173.61 586.10 Td (profitably ) Tj ET Q q 0 0 0 rg BT 215.55 586.10 Td (by ) Tj ET Q q 0 0 0 rg BT 228.05 586.10 Td (undertaking ) Tj ET Q q 0 0 0 rg BT 278.31 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.03 586.10 Td (following:) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Re-establish ) Tj ET Q q 0 0 0 rg BT 101.80 562.10 Td (legacy ) Tj ET Q q 0 0 0 rg BT 130.27 562.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 179.31 562.10 Td (r) Tj ET Q q 0 0 0 rg BT 182.83 562.10 Td (elationships.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.67 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 235.87 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 244.51 562.10 Td (e ) Tj ET Q q 0 0 0 rg BT 251.32 562.10 Td (are ) Tj ET Q q 0 0 0 rg BT 265.89 562.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 299.36 562.10 Td (on ) Tj ET Q q 0 0 0 rg BT 311.73 562.10 Td (re-establishing ) Tj ET Q q 0 0 0 rg BT 372.98 562.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 426.45 562.10 Td (with ) Tj ET Q q 0 0 0 rg BT 446.60 562.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 497.84 562.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 525.76 562.10 Td (that ) Tj ET Q q 0 0 0 rg BT 543.12 562.10 Td (have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (been ) Tj ET Q q 0 0 0 rg BT 71.78 550.10 Td (our ) Tj ET Q q 0 0 0 rg BT 88.02 550.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 137.04 550.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 172.15 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 182.84 550.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.96 550.10 Td (past. ) Tj ET Q q 0 0 0 rg BT 219.27 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 227.91 550.10 Td (e ) Tj ET Q q 0 0 0 rg BT 235.25 550.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 255.93 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.61 550.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 301.17 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.52 550.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 356.42 550.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 393.19 550.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 442.21 550.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 496.22 550.10 Td (with ) Tj ET Q q 0 0 0 rg BT 516.91 550.10 Td (a ) Tj ET Q q 0 0 0 rg BT 524.25 550.10 Td (relatively ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (small ) Tj ET Q q 0 0 0 rg BT 74.07 538.10 Td (number ) Tj ET Q q 0 0 0 rg BT 107.02 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.75 538.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 169.03 538.10 Td (agents, ) Tj ET Q q 0 0 0 rg BT 199.48 538.10 Td (with ) Tj ET Q q 0 0 0 rg BT 219.66 538.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 264.84 538.10 Td (market ) Tj ET Q q 0 0 0 rg BT 295.01 538.10 Td (presence, ) Tj ET Q q 0 0 0 rg BT 334.89 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 345.07 538.10 Td (each ) Tj ET Q q 0 0 0 rg BT 365.79 538.10 Td (state ) Tj ET Q q 0 0 0 rg BT 386.52 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.70 538.10 Td (which ) Tj ET Q q 0 0 0 rg BT 423.54 538.10 Td (we ) Tj ET Q q 0 0 0 rg BT 437.60 538.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 476.10 538.10 Td (operate. ) Tj ET Q q 0 0 0 rg BT 510.26 538.10 Td (W) Tj ET Q q 0 0 0 rg BT 518.89 538.10 Td (e ) Tj ET Q q 0 0 0 rg BT 525.74 538.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 554.23 538.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 86.99 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.32 526.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 132.63 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.40 526.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 196.06 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.95 526.10 Td (our ) Tj ET Q q 0 0 0 rg BT 222.83 526.10 Td (core ) Tj ET Q q 0 0 0 rg BT 242.59 526.10 Td (products ) Tj ET Q q 0 0 0 rg BT 279.58 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 289.92 526.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.69 526.10 Td (31 ) Tj ET Q q 0 0 0 rg BT 317.24 526.10 Td (states ) Tj ET Q q 0 0 0 rg BT 342.01 526.10 Td (where ) Tj ET Q q 0 0 0 rg BT 368.99 526.10 Td (we ) Tj ET Q q 0 0 0 rg BT 383.21 526.10 Td (are ) Tj ET Q q 0 0 0 rg BT 397.97 526.10 Td (actively ) Tj ET Q q 0 0 0 rg BT 432.17 526.10 Td (writing ) Tj ET Q q 0 0 0 rg BT 463.61 526.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 504.48 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 521.47 526.10 Td (re-capture ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 90.82 514.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 129.42 514.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 176.91 514.10 Td (written ) Tj ET Q q 0 0 0 rg BT 207.73 514.10 Td (by ) Tj ET Q q 0 0 0 rg BT 220.23 514.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.95 514.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 275.77 514.10 Td (subsidiaries.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Expand ) Tj ET Q q 0 0 0 rg BT 83.23 490.10 Td (our ) Tj ET Q q 0 0 0 rg BT 99.80 490.10 Td (market ) Tj ET Q q 0 0 0 rg BT 130.25 490.10 Td (pr) Tj ET Q q 0 0 0 rg BT 138.77 490.10 Td (esence.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.92 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 170.40 490.10 Td (W) Tj ET Q q 0 0 0 rg BT 179.04 490.10 Td (e ) Tj ET Q q 0 0 0 rg BT 186.16 490.10 Td (are ) Tj ET Q q 0 0 0 rg BT 201.05 490.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 246.50 490.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 291.95 490.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.41 490.10 Td (diversify ) Tj ET Q q 0 0 0 rg BT 340.64 490.10 Td (geographically ) Tj ET Q q 0 0 0 rg BT 402.74 490.10 Td (by ) Tj ET Q q 0 0 0 rg BT 415.42 490.10 Td (leveraging ) Tj ET Q q 0 0 0 rg BT 460.30 490.10 Td (our ) Tj ET Q q 0 0 0 rg BT 476.31 490.10 Td (experience, ) Tj ET Q q 0 0 0 rg BT 524.79 490.10 Td (historical ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (data ) Tj ET Q q 0 0 0 rg BT 68.79 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 85.37 478.10 Td (market ) Tj ET Q q 0 0 0 rg BT 115.27 478.10 Td (research ) Tj ET Q q 0 0 0 rg BT 150.71 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.62 478.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 191.64 478.10 Td (our ) Tj ET Q q 0 0 0 rg BT 207.10 478.10 Td (business ) Tj ET Q q 0 0 0 rg BT 243.13 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.04 478.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 297.40 478.10 Td (untapped ) Tj ET Q q 0 0 0 rg BT 336.19 478.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 382.75 478.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 419.04 478.10 Td (Utilizing ) Tj ET Q q 0 0 0 rg BT 456.73 478.10 Td (our ) Tj ET Q q 0 0 0 rg BT 472.19 478.10 Td (established ) Tj ET Q q 0 0 0 rg BT 518.76 478.10 Td (brands ) Tj ET Q q 0 0 0 rg BT 547.56 478.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (market ) Tj ET Q q 0 0 0 rg BT 79.56 466.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 132.45 466.10 Td (we ) Tj ET Q q 0 0 0 rg BT 145.90 466.10 Td (have ) Tj ET Q q 0 0 0 rg BT 166.57 466.10 Td (made ) Tj ET Q q 0 0 0 rg BT 190.02 466.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 234.02 466.10 Td (inroads ) Tj ET Q q 0 0 0 rg BT 265.25 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.82 466.10 Td (new ) Tj ET Q q 0 0 0 rg BT 293.28 466.10 Td (states ) Tj ET Q q 0 0 0 rg BT 317.29 466.10 Td (where ) Tj ET Q q 0 0 0 rg BT 343.51 466.10 Td (we ) Tj ET Q q 0 0 0 rg BT 356.96 466.10 Td (had ) Tj ET Q q 0 0 0 rg BT 373.19 466.10 Td (no ) Tj ET Q q 0 0 0 rg BT 384.98 466.10 Td (presence ) Tj ET Q q 0 0 0 rg BT 421.75 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 431.32 466.10 Td (201) Tj ET Q q 0 0 0 rg BT 445.95 466.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 455.11 466.10 Td (W) Tj ET Q q 0 0 0 rg BT 463.75 466.10 Td (e ) Tj ET Q q 0 0 0 rg BT 469.98 466.10 Td (will ) Tj ET Q q 0 0 0 rg BT 487.33 466.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 523.55 466.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.12 466.10 Td (expand ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (into ) Tj ET Q q 0 0 0 rg BT 68.02 454.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 110.47 454.10 Td (states ) Tj ET Q q 0 0 0 rg BT 135.14 454.10 Td (where ) Tj ET Q q 0 0 0 rg BT 162.03 454.10 Td (we ) Tj ET Q q 0 0 0 rg BT 176.15 454.10 Td (are ) Tj ET Q q 0 0 0 rg BT 190.82 454.10 Td (licensed, ) Tj ET Q q 0 0 0 rg BT 228.54 454.10 Td (but ) Tj ET Q q 0 0 0 rg BT 243.78 454.10 Td (not ) Tj ET Q q 0 0 0 rg BT 259.02 454.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 297.57 454.10 Td (active, ) Tj ET Q q 0 0 0 rg BT 326.41 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.30 454.10 Td (states ) Tj ET Q q 0 0 0 rg BT 367.98 454.10 Td (where ) Tj ET Q q 0 0 0 rg BT 394.87 454.10 Td (we ) Tj ET Q q 0 0 0 rg BT 408.99 454.10 Td (are ) Tj ET Q q 0 0 0 rg BT 423.66 454.10 Td (not ) Tj ET Q q 0 0 0 rg BT 438.89 454.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 477.45 454.10 Td (licensed ) Tj ET Q q 0 0 0 rg BT 512.67 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.91 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.59 454.10 Td (extent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.50 442.10 Td (our ) Tj ET Q q 0 0 0 rg BT 83.33 442.10 Td (market ) Tj ET Q q 0 0 0 rg BT 113.59 442.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 156.64 442.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 187.45 442.10 Td (is ) Tj ET Q q 0 0 0 rg BT 196.62 442.10 Td (met ) Tj ET Q q 0 0 0 rg BT 214.11 442.10 Td (in ) Tj ET Q q 0 0 0 rg BT 224.39 442.10 Td (a ) Tj ET Q q 0 0 0 rg BT 231.33 442.10 Td (given ) Tj ET Q q 0 0 0 rg BT 256.04 442.10 Td (state.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Acquir) Tj ET Q q 0 0 0 rg BT 76.85 418.10 Td (e ) Tj ET Q q 0 0 0 rg BT 85.98 418.10 Td (complementary ) Tj ET Q q 0 0 0 rg BT 152.32 418.10 Td (books ) Tj ET Q q 0 0 0 rg BT 180.35 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.83 418.10 Td (business ) Tj ET Q q 0 0 0 rg BT 231.42 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.11 418.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 295.25 418.10 Td (companies. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.21 418.10 Td (W) Tj ET Q q 0 0 0 rg BT 353.85 418.10 Td (e ) Tj ET Q q 0 0 0 rg BT 362.99 418.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 384.90 418.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.38 418.10 Td (opportunistically ) Tj ET Q q 0 0 0 rg BT 469.84 418.10 Td (pursue ) Tj ET Q q 0 0 0 rg BT 501.20 418.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 553.67 418.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (complementary ) Tj ET Q q 0 0 0 rg BT 115.21 406.10 Td (books ) Tj ET Q q 0 0 0 rg BT 142.11 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.46 406.10 Td (business ) Tj ET Q q 0 0 0 rg BT 190.36 406.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.81 406.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 249.14 406.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 294.92 406.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 333.48 406.10 Td (market ) Tj ET Q q 0 0 0 rg BT 364.25 406.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 408.93 406.10 Td (support ) Tj ET Q q 0 0 0 rg BT 441.94 406.10 Td (this ) Tj ET Q q 0 0 0 rg BT 459.40 406.10 Td (activity) Tj ET Q q 0 0 0 rg BT 488.75 406.10 Td (. ) Tj ET Q q 0 0 0 rg BT 494.04 406.10 Td (W) Tj ET Q q 0 0 0 rg BT 502.68 406.10 Td (e ) Tj ET Q q 0 0 0 rg BT 510.13 406.10 Td (will ) Tj ET Q q 0 0 0 rg BT 528.70 406.10 Td (evaluate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (each ) Tj ET Q q 0 0 0 rg BT 71.61 394.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 118.79 394.10 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 168.75 394.10 Td (based ) Tj ET Q q 0 0 0 rg BT 194.81 394.10 Td (on ) Tj ET Q q 0 0 0 rg BT 208.11 394.10 Td (its ) Tj ET Q q 0 0 0 rg BT 220.85 394.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 259.68 394.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 301.84 394.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 354.02 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.09 394.10 Td (our ) Tj ET Q q 0 0 0 rg BT 381.72 394.10 Td (results ) Tj ET Q q 0 0 0 rg BT 411.12 394.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.85 394.10 Td (support ) Tj ET Q q 0 0 0 rg BT 462.15 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.77 394.10 Td (our ) Tj ET Q q 0 0 0 rg BT 490.40 394.10 Td (market ) Tj ET Q q 0 0 0 rg BT 521.46 394.10 Td (expansion ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (initiatives.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 353.25 Td (Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 335.65 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 335.65 Td (e derive our revenues primarily from premiums from our insurance policies and income from our investment portfolio. Our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 323.65 Td (underwriting approach is to price our products to generate consistent underwriting profit for the insurance companies we own. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 311.65 Td (As with all P&C insurance companies, the impact of price changes is reflected in our financial results over time. Price changes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 299.65 Td (on our in-force policies occur as they are renewed, which generally takes twelve months for our entire book of business and up ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 287.65 Td (to an additional twelve months to earn a full year of premium at the renewal rate. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 264.45 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 264.45 Td (e approach investment and capital management with the intention of supporting insurance operations by providing a stable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 252.45 Td (source of income to supplement underwriting income. ) Tj ET Q q 0 0 0 rg BT 268.65 252.45 Td (The goals of our investment policy are to protect capital while ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 240.45 Td (optimizing investment income and capital appreciation and maintaining appropriate liquidity) Tj ET Q q 0 0 0 rg BT 420.63 240.45 Td (. ) Tj ET Q q 0 0 0 rg BT 425.45 240.45 Td (W) Tj ET Q q 0 0 0 rg BT 434.09 240.45 Td (e follow a formal investment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 228.45 Td (policy and the Board reviews the portfolio performance at least quarterly for compliance with the established guidelines. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 199.60 Td (Expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 182.00 Td (Net claims incurred expenses are a function of the amount and type of insurance contracts we write and of the loss experience ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 170.00 Td (of the underlying risks. ) Tj ET Q q 0 0 0 rg BT 145.08 170.00 Td (W) Tj ET Q q 0 0 0 rg BT 153.72 170.00 Td (e record net claims incurred based on an actuarial analysis of the estimated losses we expect to be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 158.00 Td (reported on contracts written. ) Tj ET Q q 0 0 0 rg BT 170.05 158.00 Td (W) Tj ET Q q 0 0 0 rg BT 178.69 158.00 Td (e seek to establish case reserves at the maximum probable exposure based on our historical ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 146.00 Td (claims experience. Our ability to estimate net claims incurred accurately at the time of pricing our contracts is a critical factor ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 134.00 Td (in determining our profitability) Tj ET Q q 0 0 0 rg BT 174.05 134.00 Td (. ) Tj ET Q q 0 0 0 rg BT 178.87 134.00 Td (The amount reported under net claims incurred in any period includes payments in the period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 122.00 Td (net of the change in the value of the reserves for net claims incurred between the beginning and the end of the period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 98.80 Td (Commissions and other underwriting expenses consist principally of brokerage and agent commissions and to a lesser extent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 86.80 Td (premium taxes. ) Tj ET Q q 0 0 0 rg BT 113.97 86.80 Td (The brokerage and agent commissions are reduced by ceding commissions received from assuming reinsurers ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 74.80 Td (that represent a percentage of the premiums on insurance policies and reinsurance contracts written and vary depending upon ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 62.80 Td (the amount and types of contracts written.) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 45 0 obj <>] /Rotate 0 /Contents 46 0 R>> endobj 46 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.00 742.10 Td (Other operating and general expenses consist primarily of personnel expenses \(including salaries, benefits and certain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (costs associated with awards under our equity compensation plans, such as stock compensation expense\) and other general ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (operating expenses. 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Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 68.00 614.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 614.25 Td (Basic ) Tj ET Q q 0 0 0 rg BT 110.29 614.25 Td (and ) Tj ET Q q 0 0 0 rg BT 127.93 614.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 159.46 614.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 197.65 614.25 Td (per) Tj ET Q q 0 0 0 rg BT 211.90 614.25 Td ( ) Tj ET Q q 0 0 0 rg BT 213.42 614.25 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 252.71 614.25 Td (common ) Tj ET Q q 0 0 0 rg BT 290.89 614.25 Td (shar) Tj ET Q q 0 0 0 rg BT 309.60 614.25 Td (e ) Tj ET Q q 0 0 0 rg BT 315.56 614.25 Td (was ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 333.19 614.25 Td ($0.08) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 355.69 614.25 Td (, ) Tj ET Q q 0 0 0 rg BT 359.70 614.25 Td (net ) Tj ET Q q 0 0 0 rg BT 374.55 614.25 Td (of ) Tj ET Q q 0 0 0 rg BT 384.39 614.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 432.58 614.25 Td (tr) Tj ET Q q 0 0 0 rg BT 440.17 614.25 Td (eatment ) Tj ET Q q 0 0 0 rg BT 476.11 614.25 Td (for) Tj ET Q q 0 0 0 rg BT 488.70 614.25 Td ( ) Tj ET Q q 0 0 0 rg BT 490.22 614.25 Td (pr) Tj ET Q q 0 0 0 rg BT 500.04 614.25 Td (eferr) Tj ET Q q 0 0 0 rg BT 520.94 614.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 532.46 614.25 Td (shar) Tj ET Q q 0 0 0 rg BT 551.17 614.25 Td (es. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 600.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 600.25 Td (Book ) Tj ET Q q 0 0 0 rg BT 110.73 600.25 Td (value ) Tj ET Q q 0 0 0 rg BT 136.01 600.25 Td (per) Tj ET Q q 0 0 0 rg BT 150.27 600.25 Td ( ) Tj ET Q q 0 0 0 rg BT 152.77 600.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 185.28 600.25 Td (common ) Tj ET Q q 0 0 0 rg BT 224.44 600.25 Td (shar) Tj ET Q q 0 0 0 rg BT 243.15 600.25 Td (e ) Tj ET Q q 0 0 0 rg BT 250.09 600.25 Td (on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 263.15 600.25 Td (September) Tj ET Q q 0 0 0 rg BT 309.07 600.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 326.57 600.25 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 346.57 600.25 Td ( ) Tj ET Q q 0 0 0 rg BT 349.07 600.25 Td (was ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 367.68 600.25 Td ($2.15) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 390.18 600.25 Td (, ) Tj ET Q q 0 0 0 rg BT 395.18 600.25 Td (compar) Tj ET Q q 0 0 0 rg BT 427.77 600.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 440.27 600.25 Td (to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 451.10 600.25 Td ($2.05) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 473.60 600.25 Td ( ) Tj ET Q q 0 0 0 rg BT 476.10 600.25 Td (at ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 486.93 600.25 Td (June30, ) Tj ET Q q 0 0 0 rg BT 524.99 600.25 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 544.99 600.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 68.00 583.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 583.25 Td (In ) Tj ET Q q 0 0 0 rg BT 97.79 583.25 Td (October) Tj ET Q q 0 0 0 rg BT 131.86 583.25 Td (, ) Tj ET Q q 0 0 0 rg BT 136.18 583.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 160.73 583.25 Td (announced ) Tj ET Q q 0 0 0 rg BT 209.75 583.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.42 583.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 274.43 583.25 Td (of ) Tj ET Q q 0 0 0 rg BT 285.10 583.25 Td (Camelot ) Tj ET Q q 0 0 0 rg BT 323.53 583.25 Td (Services, ) Tj ET Q q 0 0 0 rg BT 363.35 583.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 382.08 583.25 Td (and ) Tj ET Q q 0 0 0 rg BT 400.54 583.25 Td (its ) Tj ET Q q 0 0 0 rg BT 412.88 583.25 Td (sole ) Tj ET Q q 0 0 0 rg BT 431.32 583.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 475.32 583.25 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 519.24 583.25 Td (,Gateway ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 571.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 131.01 571.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 174.91 571.25 Td (\(Gateway\) ) Tj ET Q q 0 0 0 rg BT 231.57 571.25 Td (fr) Tj ET Q q 0 0 0 rg BT 239.16 571.25 Td (om ) Tj ET Q q 0 0 0 rg BT 254.72 571.25 Td (Hendricks ) Tj ET Q q 0 0 0 rg BT 301.39 571.25 Td (Holding ) Tj ET Q q 0 0 0 rg BT 338.08 571.25 Td (Company) Tj ET Q q 0 0 0 rg BT 379.20 571.25 Td (, ) Tj ET Q q 0 0 0 rg BT 383.93 571.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 402.55 571.25 Td (for) Tj ET Q q 0 0 0 rg BT 415.14 571.25 Td ( ) Tj ET Q q 0 0 0 rg BT 417.37 571.25 Td (a ) Tj ET Q q 0 0 0 rg BT 424.59 571.25 Td (pur) Tj ET Q q 0 0 0 rg BT 439.97 571.25 Td (chase ) Tj ET Q q 0 0 0 rg BT 465.53 571.25 Td (price ) Tj ET Q q 0 0 0 rg BT 489.42 571.25 Td (of ) Tj ET Q q 0 0 0 rg BT 499.97 571.25 Td (appr) Tj ET Q q 0 0 0 rg BT 520.35 571.25 Td (oximately ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 86.00 559.25 Td ($23 ) Tj ET Q q 0 0 0 rg BT 103.50 559.25 Td (million) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 133.50 559.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 528.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.47 528.25 Td (following ) Tj ET Q q 0 0 0 rg BT 110.28 528.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 148.18 528.25 Td (data ) Tj ET Q q 0 0 0 rg BT 167.76 528.25 Td (is ) Tj ET Q q 0 0 0 rg BT 177.35 528.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 210.26 528.25 Td (from ) Tj ET Q q 0 0 0 rg BT 231.97 528.25 Td (Atlas) Tj ET Q q 0 0 0 rg BT 255.67 528.25 Td ( ) Tj ET Q q 0 0 0 rg BT 258.59 528.25 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 300.95 528.25 Td (condensed ) Tj ET Q q 0 0 0 rg BT 346.08 528.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 399.54 528.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 437.45 528.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 482.58 528.25 Td (for ) Tj ET Q q 0 0 0 rg BT 497.16 528.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.30 528.25 Td (for ) Tj ET Q q 0 0 0 rg BT 526.88 528.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.02 528.25 Td (three ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 516.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 516.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 86.66 516.25 Td (month ) Tj ET Q q 0 0 0 rg BT 114.71 516.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 146.65 516.25 Td (ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.53 516.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.03 516.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 233.29 516.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.29 516.25 Td ( ) Tj ET Q q 0 0 0 rg BT 255.79 516.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.73 516.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 332.99 516.25 Td (201) Tj ET Q q 0 0 0 rg BT 347.62 516.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.62 516.25 Td (:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 491.50 Td (Selected financial information \(in '000s\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 446.75 220.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 446.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 446.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 446.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 446.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 446.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 424.75 220.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 424.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 424.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 424.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 424.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 424.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 402.75 220.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 402.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 402.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 402.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 402.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 402.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 380.75 220.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 380.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 380.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 380.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 380.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 380.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 358.75 220.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 358.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 358.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 358.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 358.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 358.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 336.75 220.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 336.75 72.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 336.75 72.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 336.75 4.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 336.75 72.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 336.75 72.00 -4.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 320.75 220.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 320.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 320.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 320.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 320.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 320.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 298.75 220.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 298.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 298.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 298.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 298.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 298.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 276.75 220.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 276.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 276.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 276.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 276.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 276.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 254.75 220.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 270.50 254.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 254.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 254.75 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 254.75 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 254.75 72.00 -11.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 485.75 m 342.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 470.75 m 342.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 485.75 m 414.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 470.75 m 414.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 485.75 m 418.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 470.75 m 418.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 485.75 m 490.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 470.75 m 490.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 485.75 m 562.5 485.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 470.75 m 562.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 470.75 m 342.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 446.75 m 342.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 470.75 m 418.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 446.75 m 418.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 470.75 m 562.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 446.75 m 562.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 270.5 446.75 m 342.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 446.75 m 414.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 446.75 m 418.5 446.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 418.5 446.75 m 490.5 446.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 270.5 347.75 m 342.5 347.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 342.5 347.75 m 414.5 347.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 414.5 347.75 m 418.5 347.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 418.5 347.75 m 490.5 347.75 l s 0 0 0 RG /GS0 gs 0.50 w 0 i [] 0 d 0 J 0 j 3 M 490.5 347.75 m 562.5 347.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 281.10 476.48 Td (Three Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.75 476.48 Td (Nine Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 275.50 461.48 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 296.00 451.48 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 347.50 461.48 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 368.25 451.48 Td (2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 423.50 461.48 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 444.00 451.48 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 495.50 461.48 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 516.25 451.48 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 437.37 Td (Gross premium written) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.00 437.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.15 437.37 Td (23,353) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.00 437.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 437.37 Td (10,928) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.00 437.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.15 437.37 Td (44,349) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 437.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 437.37 Td (32,951) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 426.37 Td (Net premium earned) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.15 426.37 Td (10,934) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.15 426.37 Td (8,797) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.15 426.37 Td (26,795) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 426.37 Td (26,668) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 415.37 Td (Losses on claims) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.15 415.37 Td (7,165) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.15 415.37 Td (6,984) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.15 415.37 Td (18,477) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 415.37 Td (20,596) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 404.37 Td (Acquisition costs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.15 404.37 Td (1,813) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.15 404.37 Td (1,720) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 404.37 Td (4,582) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 404.37 Td (5,343) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 393.37 Td (Other underwriting expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.15 393.37 Td (1,692) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.15 393.37 Td (1,822) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 393.37 Td (4,959) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 393.37 Td (5,642) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 382.53 Td (Net underwriting income/\(loss\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.65 382.37 Td (264) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.80 382.37 Td (\(1,729) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.65 382.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.80 382.37 Td (\(1,222) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.65 382.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 382.37 Td (\(4,913) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 382.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 371.37 Td (Net investment and other income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.15 371.37 Td (1,393) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.15 371.37 Td (2,795) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 371.37 Td (3,144) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 371.37 Td (5,468) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 360.53 Td (Net income before tax) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.15 360.37 Td (1,657) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.15 360.37 Td (1,066) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 360.37 Td (1,922) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 360.37 Td (555) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 349.37 Td (Income tax expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.65 349.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.65 349.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.65 349.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 349.37 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 338.53 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.00 338.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.15 338.37 Td (1,657) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.00 338.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.15 338.37 Td (1,066) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.00 338.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 338.37 Td (1,922) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 338.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 538.65 338.37 Td (555) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 323.48 Td (Key Financial Ratios:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 311.37 Td (Loss ratio) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.15 311.37 Td (65.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.65 311.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 311.37 Td (79.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.65 311.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 311.37 Td (69.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.65 311.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 311.37 Td (77.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 311.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 300.37 Td (Acquisition cost ratio) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.15 300.37 Td (16.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.65 300.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 300.37 Td (19.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.65 300.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 300.37 Td (17.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.65 300.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 300.37 Td (20.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 300.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 289.37 Td (Other underwriting expense ratio) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.15 289.37 Td (15.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.65 289.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 289.37 Td (20.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.65 289.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 289.37 Td (18.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.65 289.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 289.37 Td (21.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 289.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 278.37 Td (Combined ratio) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.15 278.37 Td (97.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.65 278.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.15 278.37 Td (119.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.65 278.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.15 278.37 Td (104.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.65 278.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 278.37 Td (118.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 278.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 267.37 Td (Return on equity \(annualized\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.15 267.37 Td (11.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.65 267.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 267.37 Td (7.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.65 267.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.15 267.37 Td (4.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.65 267.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 267.37 Td (1.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 267.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 256.37 Td (Earnings/\(loss\) per common share, basic and diluted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.00 256.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.15 256.37 Td (0.08) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.00 256.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 256.37 Td (0.05) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.00 256.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 256.37 Td (0.07) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 256.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 256.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 245.37 Td (Book value per common share, basic and diluted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.00 245.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.15 245.37 Td (2.15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.00 245.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 245.37 Td (2.19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.00 245.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 245.37 Td (2.15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 245.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 245.37 Td (2.19) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 227.25 Td (Third ) Tj ET Q q 0 0 0 rg BT 77.51 227.25 Td (Quarter) Tj ET Q q 0 0 0 rg BT 112.31 227.25 Td ( ) Tj ET Q q 0 0 0 rg BT 114.81 227.25 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.81 227.25 Td (:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 210.25 Td (Atlas) Tj ET Q q 0 0 0 rg BT 73.70 210.25 Td ( ) Tj ET Q q 0 0 0 rg BT 75.97 210.25 Td (combined ) Tj ET Q q 0 0 0 rg BT 117.68 210.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 138.28 210.25 Td (for ) Tj ET Q q 0 0 0 rg BT 152.21 210.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.70 210.25 Td (three ) Tj ET Q q 0 0 0 rg BT 188.96 210.25 Td (month ) Tj ET Q q 0 0 0 rg BT 216.79 210.25 Td (period ) Tj ET Q q 0 0 0 rg BT 244.62 210.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 270.77 210.25 Td (September ) Tj ET Q q 0 0 0 rg BT 315.81 210.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 330.58 210.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.58 210.25 Td ( ) Tj ET Q q 0 0 0 rg BT 352.85 210.25 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.68 210.25 Td (97.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.51 210.25 Td (, ) Tj ET Q q 0 0 0 rg BT 401.29 210.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 442.98 210.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.04 210.25 Td (1) Tj ET Q q 0 0 0 rg BT 457.67 210.25 Td (19.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.50 210.25 Td ( ) Tj ET Q q 0 0 0 rg BT 485.77 210.25 Td (for ) Tj ET Q q 0 0 0 rg BT 499.70 210.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.20 210.25 Td (three ) Tj ET Q q 0 0 0 rg BT 536.46 210.25 Td (month ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 198.25 Td (period ) Tj ET Q q 0 0 0 rg BT 78.05 198.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 104.42 198.25 Td (September ) Tj ET Q q 0 0 0 rg BT 149.69 198.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 164.69 198.25 Td (201) Tj ET Q q 0 0 0 rg BT 179.32 198.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 184.32 198.25 Td ( ) Tj ET Q q 0 0 0 rg BT 186.82 198.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.75 198.25 Td (1) Tj ET Q q 0 0 0 rg BT 208.38 198.25 Td (1) Tj ET Q q 0 0 0 rg BT 213.01 198.25 Td (1.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.84 198.25 Td ( ) Tj ET Q q 0 0 0 rg BT 236.34 198.25 Td (for ) Tj ET Q q 0 0 0 rg BT 250.50 198.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.22 198.25 Td (three ) Tj ET Q q 0 0 0 rg BT 287.71 198.25 Td (month ) Tj ET Q q 0 0 0 rg BT 315.76 198.25 Td (period ) Tj ET Q q 0 0 0 rg BT 343.81 198.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 370.19 198.25 Td (June ) Tj ET Q q 0 0 0 rg BT 391.02 198.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 406.02 198.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.02 198.25 Td (. ) Tj ET Q q 0 0 0 rg BT 431.02 198.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 181.25 Td (As ) Tj ET Q q 0 0 0 rg BT 63.51 181.25 Td (planned, ) Tj ET Q q 0 0 0 rg BT 100.06 181.25 Td (core ) Tj ET Q q 0 0 0 rg BT 119.67 181.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 169.26 181.25 Td (automobile ) Tj ET Q q 0 0 0 rg BT 216.65 181.25 Td (lines ) Tj ET Q q 0 0 0 rg BT 237.93 181.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 274.76 181.25 Td (to ) Tj ET Q q 0 0 0 rg BT 284.93 181.25 Td (be ) Tj ET Q q 0 0 0 rg BT 296.77 181.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.38 181.25 Td (most ) Tj ET Q q 0 0 0 rg BT 333.23 181.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 377.83 181.25 Td (component ) Tj ET Q q 0 0 0 rg BT 424.67 181.25 Td (of ) Tj ET Q q 0 0 0 rg BT 434.86 181.25 Td (Atlas) Tj ET Q q 0 0 0 rg BT 458.56 181.25 Td ( ) Tj ET Q q 0 0 0 rg BT 460.96 181.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 484.46 181.25 Td (premium ) Tj ET Q q 0 0 0 rg BT 522.96 181.25 Td (written ) Tj ET Q q 0 0 0 rg BT 553.69 181.25 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 169.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.85 169.25 Td (result ) Tj ET Q q 0 0 0 rg BT 81.49 169.25 Td (of ) Tj ET Q q 0 0 0 rg BT 92.23 169.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.87 169.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 143.15 169.25 Td (focus ) Tj ET Q q 0 0 0 rg BT 167.23 169.25 Td (on ) Tj ET Q q 0 0 0 rg BT 179.65 169.25 Td (these ) Tj ET Q q 0 0 0 rg BT 202.61 169.25 Td (core ) Tj ET Q q 0 0 0 rg BT 222.23 169.25 Td (lines ) Tj ET Q q 0 0 0 rg BT 243.54 169.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.28 169.25 Td (business ) Tj ET Q q 0 0 0 rg BT 290.59 169.25 Td (coupled ) Tj ET Q q 0 0 0 rg BT 324.66 169.25 Td (with ) Tj ET Q q 0 0 0 rg BT 344.85 169.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 378.94 169.25 Td (response ) Tj ET Q q 0 0 0 rg BT 416.34 169.25 Td (from ) Tj ET Q q 0 0 0 rg BT 438.20 169.25 Td (new ) Tj ET Q q 0 0 0 rg BT 457.27 169.25 Td (and ) Tj ET Q q 0 0 0 rg BT 474.13 169.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 508.21 169.25 Td (agents. ) Tj ET Q q 0 0 0 rg BT 538.67 169.25 Td (Gross ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 157.25 Td (premium ) Tj ET Q q 0 0 0 rg BT 88.00 157.25 Td (written ) Tj ET Q q 0 0 0 rg BT 118.23 157.25 Td (related ) Tj ET Q q 0 0 0 rg BT 147.33 157.25 Td (to ) Tj ET Q q 0 0 0 rg BT 157.00 157.25 Td (these ) Tj ET Q q 0 0 0 rg BT 179.45 157.25 Td (core ) Tj ET Q q 0 0 0 rg BT 198.55 157.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 247.65 157.25 Td (lines ) Tj ET Q q 0 0 0 rg BT 268.43 157.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 308.09 157.25 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.99 157.25 Td (313.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.82 157.25 Td ( ) Tj ET Q q 0 0 0 rg BT 352.71 157.25 Td (for ) Tj ET Q q 0 0 0 rg BT 366.27 157.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.39 157.25 Td (three ) Tj ET Q q 0 0 0 rg BT 402.27 157.25 Td (month ) Tj ET Q q 0 0 0 rg BT 429.73 157.25 Td (period ) Tj ET Q q 0 0 0 rg BT 457.17 157.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 482.95 157.25 Td (September ) Tj ET Q q 0 0 0 rg BT 527.61 157.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 542.01 157.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.01 157.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 145.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.58 145.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 102.24 145.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.27 145.25 Td (three ) Tj ET Q q 0 0 0 rg BT 134.50 145.25 Td (month ) Tj ET Q q 0 0 0 rg BT 162.30 145.25 Td (period ) Tj ET Q q 0 0 0 rg BT 190.09 145.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 216.21 145.25 Td (September ) Tj ET Q q 0 0 0 rg BT 261.22 145.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 275.97 145.25 Td (201) Tj ET Q q 0 0 0 rg BT 290.60 145.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.60 145.25 Td (. ) Tj ET Q q 0 0 0 rg BT 300.34 145.25 Td ( ) Tj ET Q q 0 0 0 rg BT 302.09 145.25 Td (As ) Tj ET Q q 0 0 0 rg BT 315.45 145.25 Td (a ) Tj ET Q q 0 0 0 rg BT 322.13 145.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 349.10 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 363.56 145.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 393.57 145.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 411.37 145.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 431.94 145.25 Td (for ) Tj ET Q q 0 0 0 rg BT 445.85 145.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.31 145.25 Td (three ) Tj ET Q q 0 0 0 rg BT 482.54 145.25 Td (month ) Tj ET Q q 0 0 0 rg BT 510.34 145.25 Td (period ) Tj ET Q q 0 0 0 rg BT 538.13 145.25 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 133.25 Td (September ) Tj ET Q q 0 0 0 rg BT 95.26 133.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 110.26 133.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.26 133.25 Td ( ) Tj ET Q q 0 0 0 rg BT 132.76 133.25 Td (improved ) Tj ET Q q 0 0 0 rg BT 173.59 133.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.87 133.25 Td (65.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.70 133.25 Td ( ) Tj ET Q q 0 0 0 rg BT 212.20 133.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 254.12 133.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.40 133.25 Td (79.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.23 133.25 Td ( ) Tj ET Q q 0 0 0 rg BT 292.73 133.25 Td (in ) Tj ET Q q 0 0 0 rg BT 303.01 133.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.72 133.25 Td (three ) Tj ET Q q 0 0 0 rg BT 340.21 133.25 Td (month ) Tj ET Q q 0 0 0 rg BT 368.27 133.25 Td (period ) Tj ET Q q 0 0 0 rg BT 396.31 133.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 422.69 133.25 Td (September ) Tj ET Q q 0 0 0 rg BT 467.95 133.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 482.95 133.25 Td (201) Tj ET Q q 0 0 0 rg BT 497.58 133.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.58 133.25 Td ( ) Tj ET Q q 0 0 0 rg BT 505.08 133.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.02 133.25 Td (71.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.85 133.25 Td ( ) Tj ET Q q 0 0 0 rg BT 550.35 133.25 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 121.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.72 121.25 Td (three ) Tj ET Q q 0 0 0 rg BT 87.20 121.25 Td (month ) Tj ET Q q 0 0 0 rg BT 115.26 121.25 Td (period ) Tj ET Q q 0 0 0 rg BT 143.31 121.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 169.68 121.25 Td (June ) Tj ET Q q 0 0 0 rg BT 190.51 121.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 205.51 121.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.51 121.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 104.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.28 104.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 112.01 104.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.29 104.25 Td (other ) Tj ET Q q 0 0 0 rg BT 150.68 104.25 Td (income ) Tj ET Q q 0 0 0 rg BT 181.96 104.25 Td (generated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.66 104.25 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 242.00 104.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.90 104.25 Td ( ) Tj ET Q q 0 0 0 rg BT 272.74 104.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.91 104.25 Td (income ) Tj ET Q q 0 0 0 rg BT 314.19 104.25 Td (for ) Tj ET Q q 0 0 0 rg BT 327.69 104.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.75 104.25 Td (three ) Tj ET Q q 0 0 0 rg BT 363.58 104.25 Td (month ) Tj ET Q q 0 0 0 rg BT 390.98 104.25 Td (period ) Tj ET Q q 0 0 0 rg BT 418.37 104.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 444.09 104.25 Td (September ) Tj ET Q q 0 0 0 rg BT 488.70 104.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 503.04 104.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.04 104.25 Td (, ) Tj ET Q q 0 0 0 rg BT 527.39 104.25 Td (of ) Tj ET Q q 0 0 0 rg BT 537.56 104.25 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 92.25 Td ($779) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 92.25 Td (,000 ) Tj ET Q q 0 0 0 rg BT 90.00 92.25 Td (are ) Tj ET Q q 0 0 0 rg BT 104.71 92.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 138.85 92.25 Td (gains. ) Tj ET Q q 0 0 0 rg BT 164.78 92.25 Td (This ) Tj ET Q q 0 0 0 rg BT 185.05 92.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 219.21 92.25 Td (in ) Tj ET Q q 0 0 0 rg BT 229.49 92.25 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.43 92.25 Td (4.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 257.26 92.25 Td ( ) Tj ET Q q 0 0 0 rg BT 259.76 92.25 Td (annualized ) Tj ET Q q 0 0 0 rg BT 305.57 92.25 Td (yield ) Tj ET Q q 0 0 0 rg BT 328.06 92.25 Td (for ) Tj ET Q q 0 0 0 rg BT 342.22 92.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.94 92.25 Td (three ) Tj ET Q q 0 0 0 rg BT 379.42 92.25 Td (month ) Tj ET Q q 0 0 0 rg BT 407.48 92.25 Td (period ) Tj ET Q q 0 0 0 rg BT 435.53 92.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 461.90 92.25 Td (September ) Tj ET Q q 0 0 0 rg BT 507.17 92.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 522.17 92.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.17 92.25 Td (. ) Tj ET Q q 0 0 0 rg BT 547.17 92.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 75.25 Td (Overall, ) Tj ET Q q 0 0 0 rg BT 84.12 75.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 107.33 75.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 148.29 75.25 Td (net ) Tj ET Q q 0 0 0 rg BT 162.60 75.25 Td (income ) Tj ET Q q 0 0 0 rg BT 194.14 75.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.56 75.25 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 224.16 75.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.06 75.25 Td ( ) Tj ET Q q 0 0 0 rg BT 255.15 75.25 Td (for ) Tj ET Q q 0 0 0 rg BT 268.91 75.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.23 75.25 Td (three ) Tj ET Q q 0 0 0 rg BT 305.31 75.25 Td (month ) Tj ET Q q 0 0 0 rg BT 332.97 75.25 Td (period ) Tj ET Q q 0 0 0 rg BT 360.61 75.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 386.59 75.25 Td (September ) Tj ET Q q 0 0 0 rg BT 431.45 75.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 446.05 75.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.05 75.25 Td (. ) Tj ET Q q 0 0 0 rg BT 470.18 75.25 Td (After ) Tj ET Q q 0 0 0 rg BT 493.38 75.25 Td (taking ) Tj ET Q q 0 0 0 rg BT 520.48 75.25 Td (the ) Tj ET Q q 0 0 0 rg BT 534.79 75.25 Td (impact ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 63.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.77 63.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.43 63.25 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 121.20 63.25 Td (preference ) Tj ET Q q 0 0 0 rg BT 165.82 63.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.59 63.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.25 63.25 Td (preferred ) Tj ET Q q 0 0 0 rg BT 230.33 63.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 257.76 63.25 Td (into ) Tj ET Q q 0 0 0 rg BT 275.75 63.25 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 334.57 63.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 357.55 63.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.43 63.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 404.65 63.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 440.96 63.25 Td (per ) Tj ET Q q 0 0 0 rg BT 456.17 63.25 Td (common ) Tj ET Q q 0 0 0 rg BT 493.61 63.25 Td (share ) Tj ET Q q 0 0 0 rg BT 517.15 63.25 Td (in ) Tj ET Q q 0 0 0 rg BT 527.37 63.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.02 63.25 Td (three ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 51.25 Td (month ) Tj ET Q q 0 0 0 rg BT 77.48 51.25 Td (period ) Tj ET Q q 0 0 0 rg BT 104.94 51.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 130.74 51.25 Td (September ) Tj ET Q q 0 0 0 rg BT 175.42 51.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 189.84 51.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.84 51.25 Td ( ) Tj ET Q q 0 0 0 rg BT 211.76 51.25 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.23 51.25 Td ($0.08) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.73 51.25 Td (. ) Tj ET Q q 0 0 0 rg BT 256.01 51.25 Td (This ) Tj ET Q q 0 0 0 rg BT 275.71 51.25 Td (compares ) Tj ET Q q 0 0 0 rg BT 315.94 51.25 Td (to ) Tj ET Q q 0 0 0 rg BT 325.64 51.25 Td (net ) Tj ET Q q 0 0 0 rg BT 339.77 51.25 Td (income ) Tj ET Q q 0 0 0 rg BT 371.13 51.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.38 51.25 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 400.79 51.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.69 51.25 Td ( ) Tj ET Q q 0 0 0 rg BT 431.60 51.25 Td (or ) Tj ET Q q 0 0 0 rg BT 441.85 51.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 477.65 51.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.90 51.25 Td ($0.05) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.40 51.25 Td ( ) Tj ET Q q 0 0 0 rg BT 512.32 51.25 Td (per ) Tj ET Q q 0 0 0 rg BT 527.00 51.25 Td (common ) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 49 0 obj <>] /Rotate 0 /Contents 50 0 R>> endobj 50 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (24) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (share ) Tj ET Q q 0 0 0 rg BT 72.96 742.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 102.59 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 112.23 742.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.31 742.10 Td (three ) Tj ET Q q 0 0 0 rg BT 148.15 742.10 Td (month ) Tj ET Q q 0 0 0 rg BT 175.57 742.10 Td (period ) Tj ET Q q 0 0 0 rg BT 202.98 742.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 228.72 742.10 Td (September ) Tj ET Q q 0 0 0 rg BT 273.34 742.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 287.70 742.10 Td (201) Tj ET Q q 0 0 0 rg BT 302.33 742.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.33 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 309.19 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.49 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 356.78 742.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.97 742.10 Td ($130) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.97 742.10 Td (,000 ) Tj ET Q q 0 0 0 rg BT 406.33 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 416.52 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.82 742.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 440.24 742.10 Td (per ) Tj ET Q q 0 0 0 rg BT 454.87 742.10 Td (share ) Tj ET Q q 0 0 0 rg BT 477.83 742.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.02 742.10 Td ($0.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.52 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 512.38 742.10 Td (per ) Tj ET Q q 0 0 0 rg BT 527.01 742.10 Td (common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (share ) Tj ET Q q 0 0 0 rg BT 73.60 730.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 103.87 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.15 730.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.87 730.10 Td (three ) Tj ET Q q 0 0 0 rg BT 151.35 730.10 Td (month ) Tj ET Q q 0 0 0 rg BT 179.41 730.10 Td (period ) Tj ET Q q 0 0 0 rg BT 207.46 730.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 233.83 730.10 Td (June ) Tj ET Q q 0 0 0 rg BT 254.66 730.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 269.66 730.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.66 730.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 696.10 Td (Y) Tj ET Q q 0 0 0 rg BT 56.11 696.10 Td (ear) Tj ET Q q 0 0 0 rg BT 69.81 696.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.31 696.10 Td (to ) Tj ET Q q 0 0 0 rg BT 83.14 696.10 Td (Date ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 105.63 696.10 Td (September) Tj ET Q q 0 0 0 rg BT 151.55 696.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 169.05 696.10 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 189.05 696.10 Td (:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 679.10 Td (Atlas) Tj ET Q q 0 0 0 rg BT 73.70 679.10 Td ( ) Tj ET Q q 0 0 0 rg BT 76.00 679.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 117.73 679.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 138.36 679.10 Td (for ) Tj ET Q q 0 0 0 rg BT 152.32 679.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 166.84 679.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 186.36 679.10 Td (month ) Tj ET Q q 0 0 0 rg BT 214.21 679.10 Td (period ) Tj ET Q q 0 0 0 rg BT 242.06 679.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 268.24 679.10 Td (September ) Tj ET Q q 0 0 0 rg BT 313.31 679.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 328.11 679.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.11 679.10 Td ( ) Tj ET Q q 0 0 0 rg BT 350.41 679.10 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.26 679.10 Td (104.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.09 679.10 Td (, ) Tj ET Q q 0 0 0 rg BT 403.89 679.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 445.62 679.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.70 679.10 Td (1) Tj ET Q q 0 0 0 rg BT 460.33 679.10 Td (18.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.16 679.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.46 679.10 Td (for ) Tj ET Q q 0 0 0 rg BT 502.42 679.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.94 679.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 536.46 679.10 Td (month ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 667.10 Td (period ) Tj ET Q q 0 0 0 rg BT 78.39 667.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 105.12 667.10 Td (September ) Tj ET Q q 0 0 0 rg BT 150.73 667.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 166.07 667.10 Td (201) Tj ET Q q 0 0 0 rg BT 180.70 667.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.70 667.10 Td (. ) Tj ET Q q 0 0 0 rg BT 191.05 667.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.69 667.10 Td (This ) Tj ET Q q 0 0 0 rg BT 214.32 667.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 270.48 667.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.11 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.17 667.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 338.45 667.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 359.62 667.10 Td (was ) Tj ET Q q 0 0 0 rg BT 378.02 667.10 Td (mostly ) Tj ET Q q 0 0 0 rg BT 408.10 667.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 456.48 667.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.10 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.17 667.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 500.58 667.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 521.75 667.10 Td (reduction, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.41 655.10 Td (77.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.24 655.10 Td ( ) Tj ET Q q 0 0 0 rg BT 99.20 655.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.95 655.10 Td (69.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.78 655.10 Td (, ) Tj ET Q q 0 0 0 rg BT 139.25 655.10 Td (as ) Tj ET Q q 0 0 0 rg BT 149.55 655.10 Td (a ) Tj ET Q q 0 0 0 rg BT 155.95 655.10 Td (result ) Tj ET Q q 0 0 0 rg BT 180.14 655.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.43 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.62 655.10 Td (exiting ) Tj ET Q q 0 0 0 rg BT 234.36 655.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.66 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.84 655.10 Td (non-standard ) Tj ET Q q 0 0 0 rg BT 313.02 655.10 Td (automobile ) Tj ET Q q 0 0 0 rg BT 359.98 655.10 Td (lines. ) Tj ET Q q 0 0 0 rg BT 383.33 655.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 400.85 655.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 450.01 655.10 Td (automobile ) Tj ET Q q 0 0 0 rg BT 496.97 655.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 517.83 655.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.13 655.10 Td (business ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 643.10 Td (grew ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.49 643.10 Td (183.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.32 643.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.82 643.10 Td (during ) Tj ET Q q 0 0 0 rg BT 134.43 643.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.15 643.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 168.86 643.10 Td (month ) Tj ET Q q 0 0 0 rg BT 196.92 643.10 Td (period ) Tj ET Q q 0 0 0 rg BT 224.97 643.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 251.34 643.10 Td (September ) Tj ET Q q 0 0 0 rg BT 296.61 643.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 311.61 643.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.61 643.10 Td ( ) Tj ET Q q 0 0 0 rg BT 334.11 643.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 362.16 643.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.88 643.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 396.59 643.10 Td (month ) Tj ET Q q 0 0 0 rg BT 424.65 643.10 Td (period ) Tj ET Q q 0 0 0 rg BT 452.70 643.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 479.07 643.10 Td (September ) Tj ET Q q 0 0 0 rg BT 524.34 643.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 539.34 643.10 Td (201) Tj ET Q q 0 0 0 rg BT 553.96 643.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.96 643.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 626.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 96.42 626.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 148.93 626.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.36 626.10 Td (other ) Tj ET Q q 0 0 0 rg BT 187.89 626.10 Td (income ) Tj ET Q q 0 0 0 rg BT 219.31 626.10 Td (generated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.16 626.10 Td ($3.1 ) Tj ET Q q 0 0 0 rg BT 279.65 626.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.54 626.10 Td ( ) Tj ET Q q 0 0 0 rg BT 310.53 626.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.84 626.10 Td (income ) Tj ET Q q 0 0 0 rg BT 352.27 626.10 Td (for ) Tj ET Q q 0 0 0 rg BT 365.91 626.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.12 626.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 399.32 626.10 Td (month ) Tj ET Q q 0 0 0 rg BT 426.87 626.10 Td (period ) Tj ET Q q 0 0 0 rg BT 454.40 626.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 480.26 626.10 Td (September ) Tj ET Q q 0 0 0 rg BT 525.01 626.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 539.50 626.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.50 626.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 614.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.64 614.10 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.38 614.10 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 107.19 614.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 136.08 614.10 Td ( ) Tj ET Q q 0 0 0 rg BT 138.38 614.10 Td (are ) Tj ET Q q 0 0 0 rg BT 152.90 614.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 186.84 614.10 Td (gains. ) Tj ET Q q 0 0 0 rg BT 212.59 614.10 Td (This ) Tj ET Q q 0 0 0 rg BT 232.68 614.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 266.64 614.10 Td (in ) Tj ET Q q 0 0 0 rg BT 276.72 614.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.47 614.10 Td (3.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.30 614.10 Td ( ) Tj ET Q q 0 0 0 rg BT 306.60 614.10 Td (annualized ) Tj ET Q q 0 0 0 rg BT 352.22 614.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 374.52 614.10 Td (for ) Tj ET Q q 0 0 0 rg BT 388.49 614.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.01 614.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 422.53 614.10 Td (month ) Tj ET Q q 0 0 0 rg BT 450.40 614.10 Td (period ) Tj ET Q q 0 0 0 rg BT 478.25 614.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 504.43 614.10 Td (September ) Tj ET Q q 0 0 0 rg BT 549.50 614.10 Td (30, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 602.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 602.10 Td (. ) Tj ET Q q 0 0 0 rg BT 74.82 602.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 97.15 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.91 602.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 149.56 602.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 175.21 602.10 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.96 602.10 Td ($121.7 ) Tj ET Q q 0 0 0 rg BT 226.79 602.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.68 602.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.00 602.10 Td (as ) Tj ET Q q 0 0 0 rg BT 268.65 602.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.31 602.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.85 602.10 Td (period ) Tj ET Q q 0 0 0 rg BT 321.72 602.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 347.92 602.10 Td (September ) Tj ET Q q 0 0 0 rg BT 393.00 602.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 407.83 602.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.83 602.10 Td ( ) Tj ET Q q 0 0 0 rg BT 430.15 602.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.91 602.10 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 468.66 602.10 Td ($6.2 ) Tj ET Q q 0 0 0 rg BT 488.49 602.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.38 602.10 Td ( ) Tj ET Q q 0 0 0 rg BT 519.70 602.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 544.79 602.10 Td (than ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (December ) Tj ET Q q 0 0 0 rg BT 93.76 590.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 108.94 590.10 Td (201) Tj ET Q q 0 0 0 rg BT 123.56 590.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 133.74 590.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 171.41 590.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 211.30 590.10 Td (from ) Tj ET Q q 0 0 0 rg BT 233.41 590.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.31 590.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 285.42 590.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.42 590.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 321.31 590.10 Td (settlements. ) Tj ET Q q 0 0 0 rg BT 371.47 590.10 Td ( ) Tj ET Q q 0 0 0 rg BT 373.96 590.10 Td (This ) Tj ET Q q 0 0 0 rg BT 394.41 590.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 434.85 590.10 Td (in ) Tj ET Q q 0 0 0 rg BT 445.30 590.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 465.75 590.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.86 590.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 518.86 590.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 544.87 590.10 Td (is ) Tj ET Q q 0 0 0 rg BT 554.22 590.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 578.10 Td (line ) Tj ET Q q 0 0 0 rg BT 67.50 578.10 Td (with ) Tj ET Q q 0 0 0 rg BT 87.77 578.10 Td (expectations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 561.10 Td (Overall, ) Tj ET Q q 0 0 0 rg BT 84.23 561.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 107.58 561.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 148.68 561.10 Td (net ) Tj ET Q q 0 0 0 rg BT 163.14 561.10 Td (income ) Tj ET Q q 0 0 0 rg BT 194.81 561.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 205.38 561.10 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 225.12 561.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.02 561.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.26 561.10 Td (for ) Tj ET Q q 0 0 0 rg BT 270.16 561.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.61 561.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 304.07 561.10 Td (month ) Tj ET Q q 0 0 0 rg BT 331.87 561.10 Td (period ) Tj ET Q q 0 0 0 rg BT 359.65 561.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 385.77 561.10 Td (September ) Tj ET Q q 0 0 0 rg BT 430.77 561.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 445.52 561.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.52 561.10 Td (. ) Tj ET Q q 0 0 0 rg BT 469.76 561.10 Td (After ) Tj ET Q q 0 0 0 rg BT 493.10 561.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 520.33 561.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.79 561.10 Td (impact ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 549.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.92 549.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.72 549.10 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 121.63 549.10 Td (preference ) Tj ET Q q 0 0 0 rg BT 166.40 549.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.32 549.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.12 549.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 231.34 549.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 258.92 549.10 Td (into ) Tj ET Q q 0 0 0 rg BT 277.06 549.10 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 336.02 549.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 359.15 549.10 Td (and ) Tj ET Q q 0 0 0 rg BT 376.17 549.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 406.53 549.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 442.99 549.10 Td (per ) Tj ET Q q 0 0 0 rg BT 458.35 549.10 Td (common ) Tj ET Q q 0 0 0 rg BT 495.93 549.10 Td (share ) Tj ET Q q 0 0 0 rg BT 519.61 549.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.98 549.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.78 549.10 Td (nine ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 537.10 Td (month ) Tj ET Q q 0 0 0 rg BT 78.56 537.10 Td (period ) Tj ET Q q 0 0 0 rg BT 107.12 537.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 134.00 537.10 Td (September ) Tj ET Q q 0 0 0 rg BT 179.78 537.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 195.28 537.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.28 537.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.29 537.10 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.85 537.10 Td ($0.07) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.35 537.10 Td (. ) Tj ET Q q 0 0 0 rg BT 264.64 537.10 Td (This ) Tj ET Q q 0 0 0 rg BT 285.43 537.10 Td (compares ) Tj ET Q q 0 0 0 rg BT 326.75 537.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.54 537.10 Td (net ) Tj ET Q q 0 0 0 rg BT 352.76 537.10 Td (income ) Tj ET Q q 0 0 0 rg BT 385.20 537.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.54 537.10 Td ($555) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.54 537.10 Td (,000 ) Tj ET Q q 0 0 0 rg BT 437.05 537.10 Td (or ) Tj ET Q q 0 0 0 rg BT 448.39 537.10 Td (a ) Tj ET Q q 0 0 0 rg BT 455.83 537.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 474.40 537.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.74 537.10 Td ($0.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.24 537.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.25 537.10 Td (per ) Tj ET Q q 0 0 0 rg BT 527.02 537.10 Td (common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 525.10 Td (share ) Tj ET Q q 0 0 0 rg BT 73.60 525.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 103.87 525.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.15 525.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.87 525.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 148.58 525.10 Td (month ) Tj ET Q q 0 0 0 rg BT 176.64 525.10 Td (period ) Tj ET Q q 0 0 0 rg BT 204.69 525.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 231.06 525.10 Td (September ) Tj ET Q q 0 0 0 rg BT 276.33 525.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 291.33 525.10 Td (201) Tj ET Q q 0 0 0 rg BT 305.96 525.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.96 525.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (Book ) Tj ET Q q 0 0 0 rg BT 74.12 508.10 Td (value ) Tj ET Q q 0 0 0 rg BT 98.22 508.10 Td (per ) Tj ET Q q 0 0 0 rg BT 113.43 508.10 Td (common ) Tj ET Q q 0 0 0 rg BT 150.87 508.10 Td (share ) Tj ET Q q 0 0 0 rg BT 174.41 508.10 Td (diluted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.63 508.10 Td (as ) Tj ET Q q 0 0 0 rg BT 215.41 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.18 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.85 508.10 Td (period ) Tj ET Q q 0 0 0 rg BT 268.84 508.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 295.16 508.10 Td (September ) Tj ET Q q 0 0 0 rg BT 340.37 508.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 355.31 508.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.31 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 377.76 508.10 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.76 508.10 Td ($2.15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.26 508.10 Td (, ) Tj ET Q q 0 0 0 rg BT 423.20 508.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 465.07 508.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.29 508.10 Td ($2.19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.79 508.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.24 508.10 Td (as ) Tj ET Q q 0 0 0 rg BT 511.02 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.79 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.45 508.10 Td (period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 76.38 496.10 Td (September ) Tj ET Q q 0 0 0 rg BT 121.64 496.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 136.64 496.10 Td (201) Tj ET Q q 0 0 0 rg BT 151.27 496.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.27 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.77 496.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.71 496.10 Td ($2.05) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.21 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.71 496.10 Td (as ) Tj ET Q q 0 0 0 rg BT 211.54 496.10 Td (at ) Tj ET Q q 0 0 0 rg BT 221.25 496.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.97 496.10 Td (three ) Tj ET Q q 0 0 0 rg BT 258.46 496.10 Td (month ) Tj ET Q q 0 0 0 rg BT 286.51 496.10 Td (period ) Tj ET Q q 0 0 0 rg BT 314.56 496.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 340.94 496.10 Td (June ) Tj ET Q q 0 0 0 rg BT 361.77 496.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 376.77 496.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.77 496.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 50 461.68505859375 m 334.8681640625 461.68505859375 l s q 0 0 0 rg BT 50.00 463.25 Td (III. ) Tj ET Q q 0 0 0 rg BT 66.12 463.25 Td (APPLICA) Tj ET Q q 0 0 0 rg BT 109.82 463.25 Td (TION OF) Tj ET Q q 0 0 0 rg BT 151.40 463.25 Td ( CRITICAL) Tj ET Q q 0 0 0 rg BT 203.36 463.25 Td ( ) Tj ET Q q 0 0 0 rg BT 205.31 463.25 Td (ACCOUNTING ESTIMA) Tj ET Q q 0 0 0 rg BT 315.97 463.25 Td (TES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 446.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.55 446.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 117.09 446.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.42 446.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 166.41 446.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 211.62 446.25 Td (in ) Tj ET Q q 0 0 0 rg BT 222.41 446.25 Td (conformity ) Tj ET Q q 0 0 0 rg BT 269.84 446.25 Td (with ) Tj ET Q q 0 0 0 rg BT 290.63 446.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 311.41 446.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 338.27 446.25 Td ( ) Tj ET Q q 0 0 0 rg BT 341.27 446.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 376.49 446.25 Td (management ) Tj ET Q q 0 0 0 rg BT 430.58 446.25 Td (to ) Tj ET Q q 0 0 0 rg BT 441.36 446.25 Td (adopt ) Tj ET Q q 0 0 0 rg BT 466.58 446.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 513.46 446.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 547.57 446.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 434.25 Td (make ) Tj ET Q q 0 0 0 rg BT 73.81 434.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 113.17 434.25 Td (and ) Tj ET Q q 0 0 0 rg BT 129.76 434.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 181.36 434.25 Td (that ) Tj ET Q q 0 0 0 rg BT 198.51 434.25 Td (af) Tj ET Q q 0 0 0 rg BT 206.10 434.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 223.24 434.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 259.28 434.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 294.74 434.25 Td (in ) Tj ET Q q 0 0 0 rg BT 304.67 434.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.04 434.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 371.74 434.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 408.87 434.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 455.58 434.25 Td (The ) Tj ET Q q 0 0 0 rg BT 473.28 434.25 Td (most ) Tj ET Q q 0 0 0 rg BT 494.88 434.25 Td (critical ) Tj ET Q q 0 0 0 rg BT 524.79 434.25 Td (estimates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 422.25 Td (include ) Tj ET Q q 0 0 0 rg BT 81.93 422.25 Td (those ) Tj ET Q q 0 0 0 rg BT 105.54 422.25 Td (used ) Tj ET Q q 0 0 0 rg BT 126.37 422.25 Td (in ) Tj ET Q q 0 0 0 rg BT 136.65 422.25 Td (determining:) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 403.09 cm /I41 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 405.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 104.61 405.25 Td (value ) Tj ET Q q 0 0 0 rg BT 128.76 405.25 Td (and ) Tj ET Q q 0 0 0 rg BT 145.70 405.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 194.30 405.25 Td (of ) Tj ET Q q 0 0 0 rg BT 205.13 405.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 242.61 405.25 Td (assets;) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 386.09 cm /I42 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 388.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 124.03 388.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 151.52 388.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 197.90 388.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 220.40 388.25 Td (recoverability;) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 369.09 cm /I43 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 371.25 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 120.71 371.25 Td (for ) Tj ET Q q 0 0 0 rg BT 134.87 371.25 Td (property-liability ) Tj ET Q q 0 0 0 rg BT 205.68 371.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 246.50 371.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 275.10 371.25 Td (and ) Tj ET Q q 0 0 0 rg BT 292.04 371.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 320.64 371.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 355.35 371.25 Td (estimation; ) Tj ET Q q 0 0 0 rg BT 402.29 371.25 Td (and) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 18.00 0 0 10.09 68.00 352.09 cm /I44 Do Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 354.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 124.03 354.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 138.74 354.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 160.68 354.25 Td (valuation.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (In ) Tj ET Q q 0 0 0 rg BT 61.16 337.25 Td (making ) Tj ET Q q 0 0 0 rg BT 93.99 337.25 Td (these ) Tj ET Q q 0 0 0 rg BT 117.37 337.25 Td (determinations, ) Tj ET Q q 0 0 0 rg BT 182.13 337.25 Td (management ) Tj ET Q q 0 0 0 rg BT 236.05 337.25 Td (makes ) Tj ET Q q 0 0 0 rg BT 264.43 337.25 Td (subjective ) Tj ET Q q 0 0 0 rg BT 307.80 337.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.07 337.25 Td (complex ) Tj ET Q q 0 0 0 rg BT 362.34 337.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 406.84 337.25 Td (that ) Tj ET Q q 0 0 0 rg BT 424.66 337.25 Td (frequently ) Tj ET Q q 0 0 0 rg BT 468.59 337.25 Td (require ) Tj ET Q q 0 0 0 rg BT 499.74 337.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 539.78 337.25 Td (about ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 82.15 325.25 Td (that ) Tj ET Q q 0 0 0 rg BT 99.86 325.25 Td (are ) Tj ET Q q 0 0 0 rg BT 114.78 325.25 Td (inherently ) Tj ET Q q 0 0 0 rg BT 158.03 325.25 Td (uncertain. ) Tj ET Q q 0 0 0 rg BT 200.45 325.25 Td (Many ) Tj ET Q q 0 0 0 rg BT 226.49 325.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.54 325.25 Td (these ) Tj ET Q q 0 0 0 rg BT 260.80 325.25 Td (policies, ) Tj ET Q q 0 0 0 rg BT 297.12 325.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 337.04 325.25 Td (and ) Tj ET Q q 0 0 0 rg BT 354.19 325.25 Td (related ) Tj ET Q q 0 0 0 rg BT 384.11 325.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 428.49 325.25 Td (are ) Tj ET Q q 0 0 0 rg BT 443.41 325.25 Td (common ) Tj ET Q q 0 0 0 rg BT 481.12 325.25 Td (in ) Tj ET Q q 0 0 0 rg BT 491.61 325.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.54 325.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 547.57 325.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.95 313.25 Td (services ) Tj ET Q q 0 0 0 rg BT 121.13 313.25 Td (industries; ) Tj ET Q q 0 0 0 rg BT 164.76 313.25 Td (others ) Tj ET Q q 0 0 0 rg BT 191.17 313.25 Td (are ) Tj ET Q q 0 0 0 rg BT 205.35 313.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 238.41 313.25 Td (to ) Tj ET Q q 0 0 0 rg BT 248.16 313.25 Td (our ) Tj ET Q q 0 0 0 rg BT 263.46 313.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 307.65 313.25 Td (and ) Tj ET Q q 0 0 0 rg BT 324.06 313.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 370.19 313.25 Td (It ) Tj ET Q q 0 0 0 rg BT 378.27 313.25 Td (is ) Tj ET Q q 0 0 0 rg BT 386.91 313.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 432.19 313.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 456.94 313.25 Td (that ) Tj ET Q q 0 0 0 rg BT 473.90 313.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 508.08 313.25 Td (in ) Tj ET Q q 0 0 0 rg BT 517.83 313.25 Td (these ) Tj ET Q q 0 0 0 rg BT 540.34 313.25 Td (items ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (could ) Tj ET Q q 0 0 0 rg BT 74.72 301.25 Td (occur ) Tj ET Q q 0 0 0 rg BT 99.42 301.25 Td (from ) Tj ET Q q 0 0 0 rg BT 121.36 301.25 Td (period ) Tj ET Q q 0 0 0 rg BT 149.41 301.25 Td (to ) Tj ET Q q 0 0 0 rg BT 159.69 301.25 Td (period ) Tj ET Q q 0 0 0 rg BT 187.73 301.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.67 301.25 Td (result ) Tj ET Q q 0 0 0 rg BT 229.39 301.25 Td (in ) Tj ET Q q 0 0 0 rg BT 239.67 301.25 Td (a ) Tj ET Q q 0 0 0 rg BT 246.61 301.25 Td (material ) Tj ET Q q 0 0 0 rg BT 281.87 301.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 311.58 301.25 Td (on ) Tj ET Q q 0 0 0 rg BT 324.08 301.25 Td (our ) Tj ET Q q 0 0 0 rg BT 339.91 301.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 392.95 301.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 430.43 301.25 Td (statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 284.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 284.25 Td ( ) Tj ET Q q 0 0 0 rg BT 60.08 284.25 Td (brief ) Tj ET Q q 0 0 0 rg BT 82.37 284.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 122.99 284.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.73 284.25 Td (each ) Tj ET Q q 0 0 0 rg BT 156.46 284.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.20 284.25 Td (these ) Tj ET Q q 0 0 0 rg BT 192.15 284.25 Td (critical ) Tj ET Q q 0 0 0 rg BT 223.32 284.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 270.60 284.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 311.23 284.25 Td (follows. ) Tj ET Q q 0 0 0 rg BT 347.14 284.25 Td (For ) Tj ET Q q 0 0 0 rg BT 364.44 284.25 Td (a ) Tj ET Q q 0 0 0 rg BT 372.28 284.25 Td (more ) Tj ET Q q 0 0 0 rg BT 396.24 284.25 Td (detailed ) Tj ET Q q 0 0 0 rg BT 431.30 284.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 476.38 284.25 Td (of ) Tj ET Q q 0 0 0 rg BT 488.12 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 503.75 284.25 Td (ef) Tj ET Q q 0 0 0 rg BT 511.33 284.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 529.73 284.25 Td (of ) Tj ET Q q 0 0 0 rg BT 541.47 284.25 Td (these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 272.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 88.78 272.25 Td (on ) Tj ET Q q 0 0 0 rg BT 100.34 272.25 Td (our ) Tj ET Q q 0 0 0 rg BT 115.24 272.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 167.35 272.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 203.90 272.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 250.17 272.25 Td (and ) Tj ET Q q 0 0 0 rg BT 266.18 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.96 272.25 Td (judgments ) Tj ET Q q 0 0 0 rg BT 323.19 272.25 Td (and ) Tj ET Q q 0 0 0 rg BT 339.20 272.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 390.21 272.25 Td (related ) Tj ET Q q 0 0 0 rg BT 418.98 272.25 Td (to ) Tj ET Q q 0 0 0 rg BT 428.33 272.25 Td (these ) Tj ET Q q 0 0 0 rg BT 450.44 272.25 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 491.72 272.25 Td (see ) Tj ET Q q 0 0 0 rg BT 506.05 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.84 272.25 Td (referenced ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 260.25 Td (sections ) Tj ET Q q 0 0 0 rg BT 83.79 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.70 260.25 Td (this ) Tj ET Q q 0 0 0 rg BT 109.72 260.25 Td (document. ) Tj ET Q q 0 0 0 rg BT 153.23 260.25 Td (For ) Tj ET Q q 0 0 0 rg BT 168.69 260.25 Td (a ) Tj ET Q q 0 0 0 rg BT 174.71 260.25 Td (complete ) Tj ET Q q 0 0 0 rg BT 212.93 260.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 251.72 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 261.63 260.25 Td (our ) Tj ET Q q 0 0 0 rg BT 276.53 260.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 320.32 260.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 365.77 260.25 Td (policies, ) Tj ET Q q 0 0 0 rg BT 400.94 260.25 Td (see ) Tj ET Q q 0 0 0 rg BT 415.29 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.08 260.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 451.76 260.25 Td (to ) Tj ET Q q 0 0 0 rg BT 461.12 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.91 260.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.02 260.25 Td (financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 248.25 Td (statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 231.25 Td (Fair) Tj ET Q q 0 0 0 rg BT 68.14 231.25 Td ( ) Tj ET Q q 0 0 0 rg BT 69.42 231.25 Td (values ) Tj ET Q q 0 0 0 rg BT 97.36 231.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.96 231.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 145.46 231.25 Td (instruments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.58 231.25 Td ( ) Tj ET Q q 0 0 0 rg BT 197.85 231.25 Td (- ) Tj ET Q q 0 0 0 rg BT 202.17 231.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 224.56 231.25 Td (has ) Tj ET Q q 0 0 0 rg BT 239.16 231.25 Td (used ) Tj ET Q q 0 0 0 rg BT 258.76 231.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.25 231.25 Td (following ) Tj ET Q q 0 0 0 rg BT 312.41 231.25 Td (methods ) Tj ET Q q 0 0 0 rg BT 347.57 231.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.29 231.25 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 414.01 231.25 Td (in ) Tj ET Q q 0 0 0 rg BT 423.06 231.25 Td (estimating ) Tj ET Q q 0 0 0 rg BT 465.99 231.25 Td (its ) Tj ET Q q 0 0 0 rg BT 476.71 231.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 491.86 231.25 Td (value ) Tj ET Q q 0 0 0 rg BT 514.79 231.25 Td (disclosures:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 69.13 214.25 Td (values ) Tj ET Q q 0 0 0 rg BT 97.71 214.25 Td (for ) Tj ET Q q 0 0 0 rg BT 112.39 214.25 Td (bonds ) Tj ET Q q 0 0 0 rg BT 139.31 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.78 214.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 184.80 214.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 225.59 214.25 Td (are ) Tj ET Q q 0 0 0 rg BT 240.82 214.25 Td (based ) Tj ET Q q 0 0 0 rg BT 266.62 214.25 Td (on ) Tj ET Q q 0 0 0 rg BT 279.64 214.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 309.89 214.25 Td (market ) Tj ET Q q 0 0 0 rg BT 340.68 214.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 370.08 214.25 Td (when ) Tj ET Q q 0 0 0 rg BT 394.77 214.25 Td (available. ) Tj ET Q q 0 0 0 rg BT 436.38 214.25 Td (If ) Tj ET Q q 0 0 0 rg BT 446.07 214.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 476.31 214.25 Td (market ) Tj ET Q q 0 0 0 rg BT 507.10 214.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 534.00 214.25 Td (are ) Tj ET Q q 0 0 0 rg BT 549.24 214.25 Td (not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (available, ) Tj ET Q q 0 0 0 rg BT 91.15 202.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 107.59 202.25 Td (values ) Tj ET Q q 0 0 0 rg BT 135.70 202.25 Td (are ) Tj ET Q q 0 0 0 rg BT 150.47 202.25 Td (based ) Tj ET Q q 0 0 0 rg BT 175.81 202.25 Td (on ) Tj ET Q q 0 0 0 rg BT 188.37 202.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 218.15 202.25 Td (market ) Tj ET Q q 0 0 0 rg BT 248.48 202.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 274.92 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 285.81 202.25 Td (comparable ) Tj ET Q q 0 0 0 rg BT 335.01 202.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 384.24 202.25 Td (or ) Tj ET Q q 0 0 0 rg BT 395.14 202.25 Td (values ) Tj ET Q q 0 0 0 rg BT 423.25 202.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 460.24 202.25 Td (from ) Tj ET Q q 0 0 0 rg BT 482.25 202.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 533.68 202.25 Td (pricing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (services ) Tj ET Q q 0 0 0 rg BT 84.71 190.25 Td (through ) Tj ET Q q 0 0 0 rg BT 118.32 190.25 Td (a ) Tj ET Q q 0 0 0 rg BT 125.25 190.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 147.19 190.25 Td (trustee. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 173.25 Td (Atlas' ) Tj ET Q q 0 0 0 rg BT 76.54 173.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 100.71 173.25 Td (income ) Tj ET Q q 0 0 0 rg BT 133.77 173.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 172.40 173.25 Td (is ) Tj ET Q q 0 0 0 rg BT 182.70 173.25 Td (managed ) Tj ET Q q 0 0 0 rg BT 222.42 173.25 Td (by ) Tj ET Q q 0 0 0 rg BT 235.24 173.25 Td (Asset ) Tj ET Q q 0 0 0 rg BT 260.29 173.25 Td (Allocation ) Tj ET Q q 0 0 0 rg BT 306.13 173.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 361.96 173.25 Td (\(AAM\), ) Tj ET Q q 0 0 0 rg BT 406.96 173.25 Td (an ) Tj ET Q q 0 0 0 rg BT 420.03 173.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 442.00 173.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 485.05 173.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 532.56 173.25 Td (advisor ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 161.25 Td (specializing ) Tj ET Q q 0 0 0 rg BT 100.79 161.25 Td (in ) Tj ET Q q 0 0 0 rg BT 111.60 161.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.85 161.25 Td (management ) Tj ET Q q 0 0 0 rg BT 180.97 161.25 Td (of ) Tj ET Q q 0 0 0 rg BT 192.33 161.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 233.68 161.25 Td (company ) Tj ET Q q 0 0 0 rg BT 273.36 161.25 Td (portfolios. ) Tj ET Q q 0 0 0 rg BT 317.78 161.25 Td ( ) Tj ET Q q 0 0 0 rg BT 320.81 161.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 376.04 161.25 Td (works ) Tj ET Q q 0 0 0 rg BT 403.52 161.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 437.09 161.25 Td (with ) Tj ET Q q 0 0 0 rg BT 457.23 161.25 Td (AAM ) Tj ET Q q 0 0 0 rg BT 483.60 161.25 Td (to ) Tj ET Q q 0 0 0 rg BT 494.41 161.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 523.54 161.25 Td (that ) Tj ET Q q 0 0 0 rg BT 540.90 161.25 Td (Atlas ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 149.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 84.20 149.25 Td (from ) Tj ET Q q 0 0 0 rg BT 106.19 149.25 Td (their ) Tj ET Q q 0 0 0 rg BT 127.06 149.25 Td (expertise ) Tj ET Q q 0 0 0 rg BT 165.70 149.25 Td (and ) Tj ET Q q 0 0 0 rg BT 182.69 149.25 Td (also ) Tj ET Q q 0 0 0 rg BT 201.35 149.25 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 241.10 149.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 291.42 149.25 Td (as ) Tj ET Q q 0 0 0 rg BT 302.30 149.25 Td (well ) Tj ET Q q 0 0 0 rg BT 322.06 149.25 Td (as ) Tj ET Q q 0 0 0 rg BT 332.94 149.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 366.58 149.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 405.25 149.25 Td (independently ) Tj ET Q q 0 0 0 rg BT 464.44 149.25 Td (using ) Tj ET Q q 0 0 0 rg BT 488.66 149.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 521.75 149.25 Td (resources. ) Tj ET Q q 0 0 0 rg BT 564.51 149.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 137.25 Td (AAM ) Tj ET Q q 0 0 0 rg BT 74.70 137.25 Td (has ) Tj ET Q q 0 0 0 rg BT 89.39 137.25 Td (a ) Tj ET Q q 0 0 0 rg BT 95.20 137.25 Td (team ) Tj ET Q q 0 0 0 rg BT 116.00 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 125.69 137.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 149.82 137.25 Td (analysts ) Tj ET Q q 0 0 0 rg BT 183.40 137.25 Td (for ) Tj ET Q q 0 0 0 rg BT 196.43 137.25 Td (all ) Tj ET Q q 0 0 0 rg BT 207.79 137.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 253.03 137.25 Td (grade ) Tj ET Q q 0 0 0 rg BT 276.60 137.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 298.52 137.25 Td (income ) Tj ET Q q 0 0 0 rg BT 329.31 137.25 Td (sectors. ) Tj ET Q q 0 0 0 rg BT 360.95 137.25 Td ( ) Tj ET Q q 0 0 0 rg BT 362.21 137.25 Td (The ) Tj ET Q q 0 0 0 rg BT 379.13 137.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 424.37 137.25 Td (process ) Tj ET Q q 0 0 0 rg BT 455.73 137.25 Td (begins ) Tj ET Q q 0 0 0 rg BT 483.20 137.25 Td (with ) Tj ET Q q 0 0 0 rg BT 502.34 137.25 Td (an ) Tj ET Q q 0 0 0 rg BT 513.15 137.25 Td (independent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 125.25 Td (analyst ) Tj ET Q q 0 0 0 rg BT 81.13 125.25 Td (review ) Tj ET Q q 0 0 0 rg BT 111.14 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 122.27 125.25 Td (each ) Tj ET Q q 0 0 0 rg BT 143.39 125.25 Td (security's ) Tj ET Q q 0 0 0 rg BT 183.55 125.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 209.12 125.25 Td (worthiness ) Tj ET Q q 0 0 0 rg BT 255.25 125.25 Td (using ) Tj ET Q q 0 0 0 rg BT 279.72 125.25 Td (both ) Tj ET Q q 0 0 0 rg BT 300.31 125.25 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 350.32 125.25 Td (tools ) Tj ET Q q 0 0 0 rg BT 372.57 125.25 Td (and ) Tj ET Q q 0 0 0 rg BT 389.81 125.25 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 434.82 125.25 Td (review) Tj ET Q q 0 0 0 rg BT 461.38 125.25 Td (. ) Tj ET Q q 0 0 0 rg BT 466.69 125.25 Td ( ) Tj ET Q q 0 0 0 rg BT 468.87 125.25 Td (At ) Tj ET Q q 0 0 0 rg BT 481.67 125.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.70 125.25 Td (issuer ) Tj ET Q q 0 0 0 rg BT 522.83 125.25 Td (level, ) Tj ET Q q 0 0 0 rg BT 547.57 125.25 Td (this ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 113.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 85.72 113.25 Td (reviews ) Tj ET Q q 0 0 0 rg BT 119.21 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 129.94 113.25 Td (past ) Tj ET Q q 0 0 0 rg BT 148.44 113.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 185.82 113.25 Td (data, ) Tj ET Q q 0 0 0 rg BT 207.37 113.25 Td (trends ) Tj ET Q q 0 0 0 rg BT 234.20 113.25 Td (in ) Tj ET Q q 0 0 0 rg BT 244.38 113.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 281.75 113.25 Td (stability) Tj ET Q q 0 0 0 rg BT 313.32 113.25 Td (, ) Tj ET Q q 0 0 0 rg BT 318.22 113.25 Td (projections ) Tj ET Q q 0 0 0 rg BT 365.05 113.25 Td (for ) Tj ET Q q 0 0 0 rg BT 379.10 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 393.71 113.25 Td (future, ) Tj ET Q q 0 0 0 rg BT 422.49 113.25 Td (reliability ) Tj ET Q q 0 0 0 rg BT 463.76 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.48 113.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.09 113.25 Td (management ) Tj ET Q q 0 0 0 rg BT 542.58 113.25 Td (team ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 101.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.64 101.25 Td (place, ) Tj ET Q q 0 0 0 rg BT 85.09 101.25 Td (market ) Tj ET Q q 0 0 0 rg BT 114.71 101.25 Td (data ) Tj ET Q q 0 0 0 rg BT 133.23 101.25 Td (\(credit ) Tj ET Q q 0 0 0 rg BT 161.18 101.25 Td (spread, ) Tj ET Q q 0 0 0 rg BT 191.64 101.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 218.49 101.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 246.73 101.25 Td (trends ) Tj ET Q q 0 0 0 rg BT 273.03 101.25 Td (in ) Tj ET Q q 0 0 0 rg BT 282.67 101.25 Td (this ) Tj ET Q q 0 0 0 rg BT 298.97 101.25 Td (data ) Tj ET Q q 0 0 0 rg BT 317.49 101.25 Td (for ) Tj ET Q q 0 0 0 rg BT 331.01 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.08 101.25 Td (issuer ) Tj ET Q q 0 0 0 rg BT 370.27 101.25 Td (and ) Tj ET Q q 0 0 0 rg BT 386.57 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.65 101.25 Td (issuer's ) Tj ET Q q 0 0 0 rg BT 431.53 101.25 Td (industry\). ) Tj ET Q q 0 0 0 rg BT 472.00 101.25 Td ( ) Tj ET Q q 0 0 0 rg BT 473.86 101.25 Td (Reviews ) Tj ET Q q 0 0 0 rg BT 510.16 101.25 Td (also ) Tj ET Q q 0 0 0 rg BT 528.12 101.25 Td (consider ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 89.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 85.84 89.25 Td (trends ) Tj ET Q q 0 0 0 rg BT 113.34 89.25 Td (and ) Tj ET Q q 0 0 0 rg BT 130.84 89.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.12 89.25 Td (macro-economic ) Tj ET Q q 0 0 0 rg BT 216.37 89.25 Td (environment. ) Tj ET Q q 0 0 0 rg BT 272.48 89.25 Td ( ) Tj ET Q q 0 0 0 rg BT 275.32 89.25 Td (This ) Tj ET Q q 0 0 0 rg BT 296.16 89.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 331.44 89.25 Td (is ) Tj ET Q q 0 0 0 rg BT 341.17 89.25 Td (continuous, ) Tj ET Q q 0 0 0 rg BT 390.62 89.25 Td (integrating ) Tj ET Q q 0 0 0 rg BT 437.01 89.25 Td (new ) Tj ET Q q 0 0 0 rg BT 456.73 89.25 Td (information ) Tj ET Q q 0 0 0 rg BT 507.01 89.25 Td (as ) Tj ET Q q 0 0 0 rg BT 518.40 89.25 Td (it ) Tj ET Q q 0 0 0 rg BT 527.02 89.25 Td (becomes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 77.25 Td (available. ) Tj ET Q q 0 0 0 rg BT 91.07 77.25 Td ( ) Tj ET Q q 0 0 0 rg BT 93.55 77.25 Td (In ) Tj ET Q q 0 0 0 rg BT 104.36 77.25 Td (short, ) Tj ET Q q 0 0 0 rg BT 128.80 77.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 152.39 77.25 Td (does ) Tj ET Q q 0 0 0 rg BT 173.20 77.25 Td (not ) Tj ET Q q 0 0 0 rg BT 188.46 77.25 Td (rely ) Tj ET Q q 0 0 0 rg BT 206.49 77.25 Td (on ) Tj ET Q q 0 0 0 rg BT 218.97 77.25 Td (rating ) Tj ET Q q 0 0 0 rg BT 244.78 77.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 275.58 77.25 Td (ratings ) Tj ET Q q 0 0 0 rg BT 305.28 77.25 Td (to ) Tj ET Q q 0 0 0 rg BT 315.54 77.25 Td (make ) Tj ET Q q 0 0 0 rg BT 339.67 77.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 386.04 77.25 Td (decisions, ) Tj ET Q q 0 0 0 rg BT 428.24 77.25 Td (but ) Tj ET Q q 0 0 0 rg BT 443.50 77.25 Td (instead ) Tj ET Q q 0 0 0 rg BT 474.30 77.25 Td (with ) Tj ET Q q 0 0 0 rg BT 494.56 77.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.26 77.25 Td (support ) Tj ET Q q 0 0 0 rg BT 541.74 77.25 Td (of ) Tj ET Q q 0 0 0 rg BT 552.56 77.25 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 65.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 102.00 65.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 149.01 65.25 Td (advisors, ) Tj ET Q q 0 0 0 rg BT 187.96 65.25 Td (does ) Tj ET Q q 0 0 0 rg BT 209.42 65.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 261.42 65.25 Td (fundamental ) Tj ET Q q 0 0 0 rg BT 314.53 65.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 340.42 65.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 375.76 65.25 Td (to ) Tj ET Q q 0 0 0 rg BT 386.66 65.25 Td (find ) Tj ET Q q 0 0 0 rg BT 405.90 65.25 Td (the ) Tj ET Q q 0 0 0 rg BT 421.24 65.25 Td (best ) Tj ET Q q 0 0 0 rg BT 440.48 65.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 481.37 65.25 Td (possible. ) Tj ET Q q 0 0 0 rg BT 519.77 65.25 Td ( ) Tj ET Q q 0 0 0 rg BT 522.21 65.25 Td (AAM ) Tj ET Q q 0 0 0 rg BT 548.67 65.25 Td (has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 53.25 Td (found ) Tj ET Q q 0 0 0 rg BT 75.71 53.25 Td (that ) Tj ET Q q 0 0 0 rg BT 93.08 53.25 Td (over ) Tj ET Q q 0 0 0 rg BT 113.23 53.25 Td (time ) Tj ET Q q 0 0 0 rg BT 133.38 53.25 Td (this ) Tj ET Q q 0 0 0 rg BT 150.21 53.25 Td (process ) Tj ET Q q 0 0 0 rg BT 182.57 53.25 Td (creates ) Tj ET Q q 0 0 0 rg BT 212.71 53.25 Td (an ) Tj ET Q q 0 0 0 rg BT 224.52 53.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 252.45 53.25 Td (to ) Tj ET Q q 0 0 0 rg BT 262.61 53.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 278.87 53.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 319.01 53.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 340.83 53.25 Td (to ) Tj ET Q q 0 0 0 rg BT 350.99 53.25 Td (rating ) Tj ET Q q 0 0 0 rg BT 376.69 53.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 407.38 53.25 Td (downgrades ) Tj ET Q q 0 0 0 rg BT 458.08 53.25 Td (or ) Tj ET Q q 0 0 0 rg BT 468.79 53.25 Td (to ) Tj ET Q q 0 0 0 rg BT 478.95 53.25 Td (buy ) Tj ET Q q 0 0 0 rg BT 496.32 53.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 536.46 53.25 Td (before ) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 51 0 obj <>] /Rotate 0 /Contents 52 0 R>> endobj 52 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (upgrades. ) Tj ET Q q 0 0 0 rg BT 92.16 742.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 94.93 742.10 Td (As ) Tj ET Q q 0 0 0 rg BT 109.60 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.49 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.27 742.10 Td (period ) Tj ET Q q 0 0 0 rg BT 166.37 742.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 193.81 742.10 Td (September ) Tj ET Q q 0 0 0 rg BT 240.13 742.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 256.19 742.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.19 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 282.25 742.10 Td (this ) Tj ET Q q 0 0 0 rg BT 300.25 742.10 Td (process ) Tj ET Q q 0 0 0 rg BT 333.80 742.10 Td (did ) Tj ET Q q 0 0 0 rg BT 350.14 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 366.48 742.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 403.90 742.10 Td (any ) Tj ET Q q 0 0 0 rg BT 421.89 742.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 467.66 742.10 Td (dif) Tj ET Q q 0 0 0 rg BT 478.59 742.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 511.56 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 522.90 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.68 742.10 Td (rating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 96.94 730.10 Td (between ) Tj ET Q q 0 0 0 rg BT 132.20 730.10 Td (Atlas' ) Tj ET Q q 0 0 0 rg BT 157.61 730.10 Td (review ) Tj ET Q q 0 0 0 rg BT 187.32 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.26 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.97 730.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 244.80 730.10 Td (agencies. ) Tj ET Q q 0 0 0 rg BT 284.22 730.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 713.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 73.48 713.10 Td (employs ) Tj ET Q q 0 0 0 rg BT 109.73 713.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 143.19 713.10 Td (control ) Tj ET Q q 0 0 0 rg BT 173.89 713.10 Td (processes ) Tj ET Q q 0 0 0 rg BT 214.58 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.72 713.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 267.07 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.66 713.10 Td (reasonableness ) Tj ET Q q 0 0 0 rg BT 344.00 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.70 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.28 713.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 385.53 713.10 Td (value ) Tj ET Q q 0 0 0 rg BT 409.55 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.25 713.10 Td (its ) Tj ET Q q 0 0 0 rg BT 432.07 713.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 469.41 713.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 497.44 713.10 Td (These ) Tj ET Q q 0 0 0 rg BT 523.69 713.10 Td (processes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.96 701.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 103.25 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.78 701.10 Td (supplement ) Tj ET Q q 0 0 0 rg BT 162.64 701.10 Td (those ) Tj ET Q q 0 0 0 rg BT 186.50 701.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 230.89 701.10 Td (by ) Tj ET Q q 0 0 0 rg BT 243.04 701.10 Td (AAM ) Tj ET Q q 0 0 0 rg BT 269.12 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.65 701.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 308.50 701.10 Td (that ) Tj ET Q q 0 0 0 rg BT 326.24 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.21 701.10 Td (values ) Tj ET Q q 0 0 0 rg BT 369.51 701.10 Td (received ) Tj ET Q q 0 0 0 rg BT 406.12 701.10 Td (from ) Tj ET Q q 0 0 0 rg BT 428.31 701.10 Td (them ) Tj ET Q q 0 0 0 rg BT 451.06 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 466.01 701.10 Td (accurately ) Tj ET Q q 0 0 0 rg BT 509.84 701.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 547.57 701.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 689.10 Td (that ) Tj ET Q q 0 0 0 rg BT 68.75 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.72 689.10 Td (data ) Tj ET Q q 0 0 0 rg BT 105.13 689.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 133.33 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.52 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.49 689.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 208.46 689.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 254.97 689.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 288.72 689.10 Td (are ) Tj ET Q q 0 0 0 rg BT 304.68 689.10 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 356.46 689.10 Td (consistently ) Tj ET Q q 0 0 0 rg BT 407.99 689.10 Td (applied, ) Tj ET Q q 0 0 0 rg BT 443.68 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.87 689.10 Td (that ) Tj ET Q q 0 0 0 rg BT 480.62 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.59 689.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 549.79 689.10 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 677.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 95.98 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.65 677.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 156.87 677.10 Td (with ) Tj ET Q q 0 0 0 rg BT 177.88 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.33 677.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 233.21 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.77 677.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 296.32 677.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 313.42 677.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 340.81 677.10 Td (For ) Tj ET Q q 0 0 0 rg BT 357.93 677.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 397.53 677.10 Td (on ) Tj ET Q q 0 0 0 rg BT 410.76 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 418.42 677.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 464.43 677.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 489.44 677.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 513.78 677.10 Td (assesses ) Tj ET Q q 0 0 0 rg BT 549.78 677.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 665.10 Td (reasonableness ) Tj ET Q q 0 0 0 rg BT 112.49 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.33 665.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 166.40 665.10 Td (security ) Tj ET Q q 0 0 0 rg BT 200.57 665.10 Td (values ) Tj ET Q q 0 0 0 rg BT 228.63 665.10 Td (which ) Tj ET Q q 0 0 0 rg BT 255.59 665.10 Td (have ) Tj ET Q q 0 0 0 rg BT 276.98 665.10 Td (stale ) Tj ET Q q 0 0 0 rg BT 297.82 665.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 324.21 665.10 Td (or ) Tj ET Q q 0 0 0 rg BT 335.05 665.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 363.12 665.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 397.84 665.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 428.11 665.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 457.83 665.10 Td (thresholds ) Tj ET Q q 0 0 0 rg BT 501.45 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 512.29 665.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.23 665.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 653.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 87.96 653.10 Td (values ) Tj ET Q q 0 0 0 rg BT 117.03 653.10 Td (received ) Tj ET Q q 0 0 0 rg BT 154.41 653.10 Td (from ) Tj ET Q q 0 0 0 rg BT 176.59 653.10 Td (AAM ) Tj ET Q q 0 0 0 rg BT 203.45 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 215.30 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.60 653.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 265.65 653.10 Td (prices. ) Tj ET Q q 0 0 0 rg BT 295.29 653.10 Td (The ) Tj ET Q q 0 0 0 rg BT 314.36 653.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 352.88 653.10 Td (is ) Tj ET Q q 0 0 0 rg BT 363.07 653.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 403.23 653.10 Td (routinely ) Tj ET Q q 0 0 0 rg BT 442.86 653.10 Td (for ) Tj ET Q q 0 0 0 rg BT 458.04 653.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 505.43 653.10 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 545.34 653.10 Td (new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 641.10 Td (issuances, ) Tj ET Q q 0 0 0 rg BT 92.37 641.10 Td (any ) Tj ET Q q 0 0 0 rg BT 108.90 641.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 143.21 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.08 641.10 Td (spreads, ) Tj ET Q q 0 0 0 rg BT 187.67 641.10 Td (as ) Tj ET Q q 0 0 0 rg BT 198.10 641.10 Td (well ) Tj ET Q q 0 0 0 rg BT 217.41 641.10 Td (as ) Tj ET Q q 0 0 0 rg BT 227.84 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.15 641.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 272.01 641.10 Td (movement ) Tj ET Q q 0 0 0 rg BT 316.32 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.75 641.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 358.28 641.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 379.25 641.10 Td (along ) Tj ET Q q 0 0 0 rg BT 403.57 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.88 641.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 439.97 641.10 Td (curve ) Tj ET Q q 0 0 0 rg BT 464.28 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 474.15 641.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 516.23 641.10 Td (if ) Tj ET Q q 0 0 0 rg BT 524.44 641.10 Td (suf) Tj ET Q q 0 0 0 rg BT 536.48 641.10 Td (ficient ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 629.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 82.26 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.97 629.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 135.14 629.10 Td (exists ) Tj ET Q q 0 0 0 rg BT 160.19 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 170.24 629.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 203.06 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 209.77 629.10 Td (credible ) Tj ET Q q 0 0 0 rg BT 244.25 629.10 Td (source ) Tj ET Q q 0 0 0 rg BT 272.62 629.10 Td (for ) Tj ET Q q 0 0 0 rg BT 286.55 629.10 Td (market ) Tj ET Q q 0 0 0 rg BT 316.59 629.10 Td (valuations. ) Tj ET Q q 0 0 0 rg BT 362.30 629.10 Td (When ) Tj ET Q q 0 0 0 rg BT 388.45 629.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 404.60 629.10 Td (value ) Tj ET Q q 0 0 0 rg BT 428.53 629.10 Td (determinations ) Tj ET Q q 0 0 0 rg BT 490.23 629.10 Td (are ) Tj ET Q q 0 0 0 rg BT 504.71 629.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 542.52 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 552.57 629.10 Td (be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 617.10 Td (more ) Tj ET Q q 0 0 0 rg BT 74.08 617.10 Td (variable, ) Tj ET Q q 0 0 0 rg BT 112.31 617.10 Td (they ) Tj ET Q q 0 0 0 rg BT 133.06 617.10 Td (are ) Tj ET Q q 0 0 0 rg BT 148.80 617.10 Td (validated ) Tj ET Q q 0 0 0 rg BT 188.98 617.10 Td (through ) Tj ET Q q 0 0 0 rg BT 223.62 617.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 258.25 617.10 Td (by ) Tj ET Q q 0 0 0 rg BT 271.78 617.10 Td (members ) Tj ET Q q 0 0 0 rg BT 311.97 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.83 617.10 Td (management ) Tj ET Q q 0 0 0 rg BT 378.45 617.10 Td (or ) Tj ET Q q 0 0 0 rg BT 390.32 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.06 617.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 434.03 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.90 617.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 486.63 617.10 Td (who ) Tj ET Q q 0 0 0 rg BT 507.39 617.10 Td (have ) Tj ET Q q 0 0 0 rg BT 529.80 617.10 Td (relevant ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 605.10 Td (expertise ) Tj ET Q q 0 0 0 rg BT 88.59 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.53 605.10 Td (who ) Tj ET Q q 0 0 0 rg BT 125.25 605.10 Td (are ) Tj ET Q q 0 0 0 rg BT 139.96 605.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 191.33 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.16 605.10 Td (those ) Tj ET Q q 0 0 0 rg BT 225.77 605.10 Td (char) Tj ET Q q 0 0 0 rg BT 242.80 605.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 259.74 605.10 Td (with ) Tj ET Q q 0 0 0 rg BT 280.01 605.10 Td (executing ) Tj ET Q q 0 0 0 rg BT 321.39 605.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 367.77 605.10 Td (transactions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 588.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 101.28 588.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.00 588.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 151.61 588.10 Td (assets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 175.50 588.10 Td ( ) Tj ET Q q 0 0 0 rg BT 177.88 588.10 Td (- ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.60 588.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 207.09 588.10 Td (assesses, ) Tj ET Q q 0 0 0 rg BT 244.75 588.10 Td (on ) Tj ET Q q 0 0 0 rg BT 257.13 588.10 Td (a ) Tj ET Q q 0 0 0 rg BT 263.95 588.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 302.43 588.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 327.32 588.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 361.91 588.10 Td (there ) Tj ET Q q 0 0 0 rg BT 384.28 588.10 Td (is ) Tj ET Q q 0 0 0 rg BT 393.33 588.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 432.37 588.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 470.28 588.10 Td (that ) Tj ET Q q 0 0 0 rg BT 487.66 588.10 Td (a ) Tj ET Q q 0 0 0 rg BT 494.48 588.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 531.85 588.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 553.67 588.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 576.10 Td (group ) Tj ET Q q 0 0 0 rg BT 75.91 576.10 Td (of ) Tj ET Q q 0 0 0 rg BT 86.81 576.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 124.37 576.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 150.27 576.10 Td (is ) Tj ET Q q 0 0 0 rg BT 159.52 576.10 Td (impaired. ) Tj ET Q q 0 0 0 rg BT 199.57 576.10 Td (An ) Tj ET Q q 0 0 0 rg BT 214.37 576.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 260.82 576.10 Td (is ) Tj ET Q q 0 0 0 rg BT 270.07 576.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 315.96 576.10 Td (impaired ) Tj ET Q q 0 0 0 rg BT 354.08 576.10 Td (when ) Tj ET Q q 0 0 0 rg BT 378.31 576.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.11 576.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 409.56 576.10 Td (value ) Tj ET Q q 0 0 0 rg BT 433.79 576.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.70 576.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.49 576.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 505.95 576.10 Td (is ) Tj ET Q q 0 0 0 rg BT 515.19 576.10 Td (less ) Tj ET Q q 0 0 0 rg BT 532.77 576.10 Td (than ) Tj ET Q q 0 0 0 rg BT 552.56 576.10 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 564.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.66 564.10 Td (or ) Tj ET Q q 0 0 0 rg BT 79.54 564.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 122.07 564.10 Td (cost. ) Tj ET Q q 0 0 0 rg BT 143.04 564.10 Td (When ) Tj ET Q q 0 0 0 rg BT 169.47 564.10 Td (an ) Tj ET Q q 0 0 0 rg BT 181.46 564.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 227.89 564.10 Td (is ) Tj ET Q q 0 0 0 rg BT 237.11 564.10 Td (impaired, ) Tj ET Q q 0 0 0 rg BT 277.70 564.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.47 564.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 333.91 564.10 Td (must ) Tj ET Q q 0 0 0 rg BT 355.91 564.10 Td (make ) Tj ET Q q 0 0 0 rg BT 380.11 564.10 Td (a ) Tj ET Q q 0 0 0 rg BT 387.10 564.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 445.19 564.10 Td (as ) Tj ET Q q 0 0 0 rg BT 456.07 564.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.40 564.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 501.16 564.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.92 564.10 Td (impairment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 552.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 552.10 Td (other) Tj ET Q q 0 0 0 rg BT 79.52 552.10 Td (-than-temporary) Tj ET Q q 0 0 0 rg BT 143.84 552.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 535.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 77.71 535.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 98.22 535.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 124.34 535.10 Td (, ) Tj ET Q q 0 0 0 rg BT 129.57 535.10 Td (with ) Tj ET Q q 0 0 0 rg BT 150.07 535.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 181.11 535.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.61 535.10 Td (an ) Tj ET Q q 0 0 0 rg BT 203.77 535.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 250.38 535.10 Td (in ) Tj ET Q q 0 0 0 rg BT 260.88 535.10 Td (an ) Tj ET Q q 0 0 0 rg BT 273.05 535.10 Td (impaired ) Tj ET Q q 0 0 0 rg BT 311.31 535.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 331.25 535.10 Td (security) Tj ET Q q 0 0 0 rg BT 362.26 535.10 Td (, ) Tj ET Q q 0 0 0 rg BT 367.49 535.10 Td (other) Tj ET Q q 0 0 0 rg BT 387.83 535.10 Td (-than ) Tj ET Q q 0 0 0 rg BT 411.10 535.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 454.92 535.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 503.75 535.10 Td (\(OTTI\) ) Tj ET Q q 0 0 0 rg BT 535.90 535.10 Td (occurs ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (if ) Tj ET Q q 0 0 0 rg BT 59.14 523.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 73.28 523.10 Td (there ) Tj ET Q q 0 0 0 rg BT 96.30 523.10 Td (is ) Tj ET Q q 0 0 0 rg BT 106.01 523.10 Td (intent ) Tj ET Q q 0 0 0 rg BT 131.82 523.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.63 523.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 159.55 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.81 523.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 195.06 523.10 Td (security) Tj ET Q q 0 0 0 rg BT 226.07 523.10 Td (, ) Tj ET Q q 0 0 0 rg BT 231.60 523.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 246.30 523.10 Td (it ) Tj ET Q q 0 0 0 rg BT 254.89 523.10 Td (is ) Tj ET Q q 0 0 0 rg BT 264.60 523.10 Td (more ) Tj ET Q q 0 0 0 rg BT 288.18 523.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 313.99 523.10 Td (than ) Tj ET Q q 0 0 0 rg BT 334.24 523.10 Td (not ) Tj ET Q q 0 0 0 rg BT 350.06 523.10 Td (it ) Tj ET Q q 0 0 0 rg BT 358.65 523.10 Td (will ) Tj ET Q q 0 0 0 rg BT 377.24 523.10 Td (be ) Tj ET Q q 0 0 0 rg BT 389.72 523.10 Td (required ) Tj ET Q q 0 0 0 rg BT 426.07 523.10 Td (to ) Tj ET Q q 0 0 0 rg BT 436.88 523.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 453.81 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.06 523.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 489.31 523.10 Td (security ) Tj ET Q q 0 0 0 rg BT 524.00 523.10 Td (before ) Tj ET Q q 0 0 0 rg BT 552.58 523.10 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 96.43 511.10 Td (recovery) Tj ET Q q 0 0 0 rg BT 130.75 511.10 Td (, ) Tj ET Q q 0 0 0 rg BT 135.81 511.10 Td (or ) Tj ET Q q 0 0 0 rg BT 146.70 511.10 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 160.36 511.10 Td (it ) Tj ET Q q 0 0 0 rg BT 168.48 511.10 Td (is ) Tj ET Q q 0 0 0 rg BT 177.71 511.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 215.25 511.10 Td (that ) Tj ET Q q 0 0 0 rg BT 232.81 511.10 Td (all ) Tj ET Q q 0 0 0 rg BT 245.36 511.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 281.81 511.10 Td (due ) Tj ET Q q 0 0 0 rg BT 298.81 511.10 Td (will ) Tj ET Q q 0 0 0 rg BT 316.93 511.10 Td (be ) Tj ET Q q 0 0 0 rg BT 328.93 511.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 358.14 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 368.48 511.10 Td (be ) Tj ET Q q 0 0 0 rg BT 380.48 511.10 Td (collected ) Tj ET Q q 0 0 0 rg BT 419.13 511.10 Td (such ) Tj ET Q q 0 0 0 rg BT 440.02 511.10 Td (that ) Tj ET Q q 0 0 0 rg BT 457.57 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.35 511.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 497.67 511.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 516.34 511.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 538.90 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 511.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (security ) Tj ET Q q 0 0 0 rg BT 84.53 499.10 Td (will ) Tj ET Q q 0 0 0 rg BT 102.96 499.10 Td (not ) Tj ET Q q 0 0 0 rg BT 118.62 499.10 Td (be ) Tj ET Q q 0 0 0 rg BT 130.93 499.10 Td (recovered. ) Tj ET Q q 0 0 0 rg BT 175.72 499.10 Td (If ) Tj ET Q q 0 0 0 rg BT 184.62 499.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 208.60 499.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 240.36 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 251.02 499.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 267.78 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.87 499.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 302.96 499.10 Td (security) Tj ET Q q 0 0 0 rg BT 333.97 499.10 Td (, ) Tj ET Q q 0 0 0 rg BT 339.34 499.10 Td (or ) Tj ET Q q 0 0 0 rg BT 350.55 499.10 Td (will ) Tj ET Q q 0 0 0 rg BT 368.98 499.10 Td (more ) Tj ET Q q 0 0 0 rg BT 392.40 499.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 418.05 499.10 Td (than ) Tj ET Q q 0 0 0 rg BT 438.14 499.10 Td (not ) Tj ET Q q 0 0 0 rg BT 453.79 499.10 Td (be ) Tj ET Q q 0 0 0 rg BT 466.11 499.10 Td (required ) Tj ET Q q 0 0 0 rg BT 502.30 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.95 499.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 529.71 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.81 499.10 Td (debt ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (security ) Tj ET Q q 0 0 0 rg BT 83.92 487.10 Td (before ) Tj ET Q q 0 0 0 rg BT 111.72 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.21 487.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 172.34 487.10 Td (recovery) Tj ET Q q 0 0 0 rg BT 206.67 487.10 Td (, ) Tj ET Q q 0 0 0 rg BT 211.43 487.10 Td (a ) Tj ET Q q 0 0 0 rg BT 218.13 487.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 235.96 487.10 Td (in ) Tj ET Q q 0 0 0 rg BT 246.01 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.49 487.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 285.52 487.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 317.78 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.37 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.86 487.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 391.22 487.10 Td (is ) Tj ET Q q 0 0 0 rg BT 400.16 487.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 437.39 487.10 Td (in ) Tj ET Q q 0 0 0 rg BT 447.44 487.10 Td (net ) Tj ET Q q 0 0 0 rg BT 461.92 487.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 495.83 487.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 519.20 487.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 552.02 487.10 Td (on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 100.53 475.10 Td (in ) Tj ET Q q 0 0 0 rg BT 111.07 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.05 475.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 179.36 475.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 224.33 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.42 475.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 298.71 475.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 333.41 475.10 Td (If ) Tj ET Q q 0 0 0 rg BT 342.22 475.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 366.09 475.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 412.72 475.10 Td (that ) Tj ET Q q 0 0 0 rg BT 430.48 475.10 Td (it ) Tj ET Q q 0 0 0 rg BT 438.80 475.10 Td (is ) Tj ET Q q 0 0 0 rg BT 448.23 475.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 485.98 475.10 Td (it ) Tj ET Q q 0 0 0 rg BT 494.29 475.10 Td (will ) Tj ET Q q 0 0 0 rg BT 512.61 475.10 Td (be ) Tj ET Q q 0 0 0 rg BT 524.81 475.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 554.23 475.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 79.66 463.10 Td (all ) Tj ET Q q 0 0 0 rg BT 92.67 463.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 129.57 463.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.36 463.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 170.48 463.10 Td (has ) Tj ET Q q 0 0 0 rg BT 186.82 463.10 Td (no ) Tj ET Q q 0 0 0 rg BT 199.83 463.10 Td (intent ) Tj ET Q q 0 0 0 rg BT 225.62 463.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.41 463.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 253.31 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.54 463.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 288.77 463.10 Td (security) Tj ET Q q 0 0 0 rg BT 319.77 463.10 Td (, ) Tj ET Q q 0 0 0 rg BT 325.29 463.10 Td (a ) Tj ET Q q 0 0 0 rg BT 332.74 463.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 358.51 463.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 377.09 463.10 Td (is ) Tj ET Q q 0 0 0 rg BT 386.77 463.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 433.65 463.10 Td (in ) Tj ET Q q 0 0 0 rg BT 444.44 463.10 Td (net ) Tj ET Q q 0 0 0 rg BT 459.67 463.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 494.32 463.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 518.44 463.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 552.01 463.10 Td (on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 100.39 451.10 Td (in ) Tj ET Q q 0 0 0 rg BT 110.79 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.63 451.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 178.79 451.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 223.62 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.57 451.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 297.72 451.10 Td (income ) Tj ET Q q 0 0 0 rg BT 329.78 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.17 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.01 451.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 382.06 451.10 Td (that ) Tj ET Q q 0 0 0 rg BT 399.68 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.51 451.10 Td (present ) Tj ET Q q 0 0 0 rg BT 446.01 451.10 Td (value ) Tj ET Q q 0 0 0 rg BT 470.29 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.24 451.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 519.39 451.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 539.78 451.10 Td (flows ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.04 439.10 Td (less ) Tj ET Q q 0 0 0 rg BT 76.42 439.10 Td (than ) Tj ET Q q 0 0 0 rg BT 96.01 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.60 439.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 152.95 439.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 171.43 439.10 Td (basis; ) Tj ET Q q 0 0 0 rg BT 196.58 439.10 Td (any ) Tj ET Q q 0 0 0 rg BT 213.39 439.10 Td (dif) Tj ET Q q 0 0 0 rg BT 224.32 439.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 256.11 439.10 Td (between ) Tj ET Q q 0 0 0 rg BT 291.80 439.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 308.05 439.10 Td (value ) Tj ET Q q 0 0 0 rg BT 332.08 439.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.89 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.48 439.10 Td (new ) Tj ET Q q 0 0 0 rg BT 382.51 439.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 424.86 439.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 443.34 439.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 465.72 439.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 483.64 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.34 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.93 439.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 534.07 439.10 Td (loss\) ) Tj ET Q q 0 0 0 rg BT 555.33 439.10 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 87.47 427.10 Td (in ) Tj ET Q q 0 0 0 rg BT 97.75 427.10 Td (other ) Tj ET Q q 0 0 0 rg BT 120.80 427.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 183.83 427.10 Td (income ) Tj ET Q q 0 0 0 rg BT 215.76 427.10 Td (\(losses\), ) Tj ET Q q 0 0 0 rg BT 251.31 427.10 Td (net ) Tj ET Q q 0 0 0 rg BT 266.03 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.86 427.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 320.45 427.10 Td (income ) Tj ET Q q 0 0 0 rg BT 352.38 427.10 Td (taxes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 88.61 410.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 115.00 410.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 162.53 410.10 Td (costs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.53 410.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.49 410.10 Td (- ) Tj ET Q q 0 0 0 rg BT 189.35 410.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 212.41 410.10 Td (defers ) Tj ET Q q 0 0 0 rg BT 238.80 410.10 Td (brokers) Tj ET Q q 0 0 0 rg BT 271.38 410.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.34 410.10 Td (commissions, ) Tj ET Q q 0 0 0 rg BT 330.02 410.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 368.09 410.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 390.59 410.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.99 410.10 Td (other ) Tj ET Q q 0 0 0 rg BT 429.50 410.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 483.11 410.10 Td (and ) Tj ET Q q 0 0 0 rg BT 499.51 410.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 542.01 410.10 Td (costs ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 83.16 398.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 116.32 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.71 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.55 398.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 185.26 398.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 231.76 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.71 398.10 Td (premiums ) Tj ET Q q 0 0 0 rg BT 285.32 398.10 Td (written ) Tj ET Q q 0 0 0 rg BT 316.26 398.10 Td (to ) Tj ET Q q 0 0 0 rg BT 326.66 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.49 398.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 368.54 398.10 Td (they ) Tj ET Q q 0 0 0 rg BT 388.38 398.10 Td (are ) Tj ET Q q 0 0 0 rg BT 403.20 398.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 449.14 398.10 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 500.69 398.10 Td (These ) Tj ET Q q 0 0 0 rg BT 527.19 398.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 549.81 398.10 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (then ) Tj ET Q q 0 0 0 rg BT 69.12 386.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 108.23 386.10 Td (as ) Tj ET Q q 0 0 0 rg BT 118.46 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.58 386.10 Td (related ) Tj ET Q q 0 0 0 rg BT 161.69 386.10 Td (premiums ) Tj ET Q q 0 0 0 rg BT 203.59 386.10 Td (are ) Tj ET Q q 0 0 0 rg BT 217.70 386.10 Td (earned. ) Tj ET Q q 0 0 0 rg BT 248.61 386.10 Td (The ) Tj ET Q q 0 0 0 rg BT 266.06 386.10 Td (method ) Tj ET Q q 0 0 0 rg BT 297.96 386.10 Td (followed ) Tj ET Q q 0 0 0 rg BT 335.41 386.10 Td (in ) Tj ET Q q 0 0 0 rg BT 345.09 386.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 395.31 386.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.43 386.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 444.64 386.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 471.54 386.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 517.33 386.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 539.23 386.10 Td (limits ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.41 374.10 Td (deferral ) Tj ET Q q 0 0 0 rg BT 97.69 374.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.66 374.10 Td (its ) Tj ET Q q 0 0 0 rg BT 119.30 374.10 Td (realizable ) Tj ET Q q 0 0 0 rg BT 160.35 374.10 Td (value ) Tj ET Q q 0 0 0 rg BT 184.19 374.10 Td (by ) Tj ET Q q 0 0 0 rg BT 196.39 374.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 224.14 374.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 280.20 374.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.17 374.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 330.68 374.10 Td (future ) Tj ET Q q 0 0 0 rg BT 356.75 374.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 385.05 374.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.68 374.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 439.97 374.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.94 374.10 Td (be ) Tj ET Q q 0 0 0 rg BT 461.57 374.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 497.08 374.10 Td (as ) Tj ET Q q 0 0 0 rg BT 507.60 374.10 Td (premiums ) Tj ET Q q 0 0 0 rg BT 549.79 374.10 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (earned. ) Tj ET Q q 0 0 0 rg BT 81.52 362.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 118.34 362.10 Td (in ) Tj ET Q q 0 0 0 rg BT 128.50 362.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 170.59 362.10 Td (if ) Tj ET Q q 0 0 0 rg BT 179.07 362.10 Td (any) Tj ET Q q 0 0 0 rg BT 192.86 362.10 Td (, ) Tj ET Q q 0 0 0 rg BT 197.74 362.10 Td (are ) Tj ET Q q 0 0 0 rg BT 212.32 362.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 249.68 362.10 Td (in ) Tj ET Q q 0 0 0 rg BT 259.83 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.43 362.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 320.68 362.10 Td (period ) Tj ET Q q 0 0 0 rg BT 348.60 362.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.76 362.10 Td (which ) Tj ET Q q 0 0 0 rg BT 385.58 362.10 Td (they ) Tj ET Q q 0 0 0 rg BT 405.17 362.10 Td (are ) Tj ET Q q 0 0 0 rg BT 419.76 362.10 Td (determined. ) Tj ET Q q 0 0 0 rg BT 469.09 362.10 Td (Anticipated ) Tj ET Q q 0 0 0 rg BT 518.12 362.10 Td (investment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (income ) Tj ET Q q 0 0 0 rg BT 81.91 350.10 Td (is ) Tj ET Q q 0 0 0 rg BT 91.05 350.10 Td (included ) Tj ET Q q 0 0 0 rg BT 127.96 350.10 Td (in ) Tj ET Q q 0 0 0 rg BT 138.22 350.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 189.01 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.71 350.10 Td (realizable ) Tj ET Q q 0 0 0 rg BT 245.04 350.10 Td (value ) Tj ET Q q 0 0 0 rg BT 269.17 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.98 350.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.67 350.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 330.45 350.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 357.92 350.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 404.28 350.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 428.71 350.10 Td (Atlas) Tj ET Q q 0 0 0 rg BT 452.40 350.10 Td ( ) Tj ET Q q 0 0 0 rg BT 454.88 350.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 490.66 350.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 518.13 350.10 Td (acquisition ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 338.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.50 338.10 Td (are ) Tj ET Q q 0 0 0 rg BT 87.21 338.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 123.02 338.10 Td (net ) Tj ET Q q 0 0 0 rg BT 137.74 338.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.57 338.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 184.38 338.10 Td (ceding ) Tj ET Q q 0 0 0 rg BT 213.53 338.10 Td (commissions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 321.10 Td (V) Tj ET Q q 0 0 0 rg BT 55.56 321.10 Td (aluation ) Tj ET Q q 0 0 0 rg BT 92.60 321.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.50 321.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 140.51 321.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 155.86 321.10 Td (assets ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.33 321.10 Td (- ) Tj ET Q q 0 0 0 rg BT 188.23 321.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 226.34 321.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 249.46 321.10 Td (are ) Tj ET Q q 0 0 0 rg BT 264.24 321.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 310.68 321.10 Td (using ) Tj ET Q q 0 0 0 rg BT 334.92 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.72 321.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 371.73 321.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.75 321.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 422.43 321.10 Td (method ) Tj ET Q q 0 0 0 rg BT 455.00 321.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.91 321.10 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 514.85 321.10 Td ( ) Tj ET Q q 0 0 0 rg BT 517.43 321.10 Td ( ) Tj ET Q q 0 0 0 rg BT 520.00 321.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 547.57 321.10 Td (this ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 309.10 Td (method ) Tj ET Q q 0 0 0 rg BT 82.02 309.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.27 309.10 Td (future ) Tj ET Q q 0 0 0 rg BT 122.18 309.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 136.42 309.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 193.43 309.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 240.99 309.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.80 309.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 293.92 309.10 Td (dif) Tj ET Q q 0 0 0 rg BT 304.85 309.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 340.18 309.10 Td (in ) Tj ET Q q 0 0 0 rg BT 349.99 309.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.24 309.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 378.48 309.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 400.51 309.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.87 309.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 438.73 309.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 477.97 309.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.44 309.10 Td (items ) Tj ET Q q 0 0 0 rg BT 518.13 309.10 Td (recognized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 297.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 83.03 297.10 Td (in ) Tj ET Q q 0 0 0 rg BT 93.29 297.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 120.77 297.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.69 297.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.39 297.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 189.86 297.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 229.00 297.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 251.48 297.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.30 297.10 Td (such ) Tj ET Q q 0 0 0 rg BT 283.11 297.10 Td (items ) Tj ET Q q 0 0 0 rg BT 307.26 297.10 Td (are ) Tj ET Q q 0 0 0 rg BT 321.95 297.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 368.30 297.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.56 297.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.26 297.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 430.73 297.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 475.42 297.10 Td (by ) Tj ET Q q 0 0 0 rg BT 487.91 297.10 Td (recording ) Tj ET Q q 0 0 0 rg BT 528.71 297.10 Td (deferred ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 285.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.72 285.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 104.43 285.10 Td (or ) Tj ET Q q 0 0 0 rg BT 115.26 285.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 151.07 285.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 165.79 285.10 Td (assets.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 87.88 268.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 102.44 268.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 128.12 268.10 Td (related ) Tj ET Q q 0 0 0 rg BT 157.67 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.80 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.36 268.10 Td (carry-forward ) Tj ET Q q 0 0 0 rg BT 240.23 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.91 268.10 Td (unused ) Tj ET Q q 0 0 0 rg BT 281.59 268.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 296.15 268.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 322.39 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.18 268.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 368.18 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.97 268.10 Td (those ) Tj ET Q q 0 0 0 rg BT 408.43 268.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 437.99 268.10 Td (from ) Tj ET Q q 0 0 0 rg BT 459.78 268.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 503.22 268.10 Td (dif) Tj ET Q q 0 0 0 rg BT 514.15 268.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 549.80 268.10 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 96.70 256.10 Td (only ) Tj ET Q q 0 0 0 rg BT 117.32 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.94 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.00 256.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 170.28 256.10 Td (that ) Tj ET Q q 0 0 0 rg BT 188.12 256.10 Td (it ) Tj ET Q q 0 0 0 rg BT 196.51 256.10 Td (is ) Tj ET Q q 0 0 0 rg BT 206.03 256.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 243.85 256.10 Td (that ) Tj ET Q q 0 0 0 rg BT 261.69 256.10 Td (future ) Tj ET Q q 0 0 0 rg BT 288.41 256.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 320.12 256.10 Td (income ) Tj ET Q q 0 0 0 rg BT 352.40 256.10 Td (will ) Tj ET Q q 0 0 0 rg BT 370.80 256.10 Td (be ) Tj ET Q q 0 0 0 rg BT 383.08 256.10 Td (available ) Tj ET Q q 0 0 0 rg BT 422.01 256.10 Td (against ) Tj ET Q q 0 0 0 rg BT 453.17 256.10 Td (which ) Tj ET Q q 0 0 0 rg BT 480.45 256.10 Td (they ) Tj ET Q q 0 0 0 rg BT 500.51 256.10 Td (can ) Tj ET Q q 0 0 0 rg BT 517.23 256.10 Td (be ) Tj ET Q q 0 0 0 rg BT 529.51 256.10 Td (utilized. ) Tj ET Q q 0 0 0 rg BT 564.50 256.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 87.93 244.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 102.56 244.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 128.29 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.14 244.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 184.76 244.10 Td (are ) Tj ET Q q 0 0 0 rg BT 199.37 244.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 240.10 244.10 Td (using ) Tj ET Q q 0 0 0 rg BT 264.17 244.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 297.11 244.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 311.73 244.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 333.02 244.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 370.96 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.14 244.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 405.76 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.95 244.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 447.23 244.10 Td (income ) Tj ET Q q 0 0 0 rg BT 479.07 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.25 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.87 244.10 Td (years ) Tj ET Q q 0 0 0 rg BT 527.38 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 537.56 244.10 Td (which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (those ) Tj ET Q q 0 0 0 rg BT 73.79 232.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 117.57 232.10 Td (dif) Tj ET Q q 0 0 0 rg BT 128.50 232.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 164.49 232.10 Td (are ) Tj ET Q q 0 0 0 rg BT 179.38 232.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 217.60 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.07 232.10 Td (be ) Tj ET Q q 0 0 0 rg BT 240.19 232.10 Td (recovered ) Tj ET Q q 0 0 0 rg BT 282.29 232.10 Td (or ) Tj ET Q q 0 0 0 rg BT 293.31 232.10 Td (settled. ) Tj ET Q q 0 0 0 rg BT 324.40 232.10 Td (The ) Tj ET Q q 0 0 0 rg BT 342.63 232.10 Td (ef) Tj ET Q q 0 0 0 rg BT 350.22 232.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 367.89 232.10 Td (on ) Tj ET Q q 0 0 0 rg BT 380.58 232.10 Td (future ) Tj ET Q q 0 0 0 rg BT 407.14 232.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 422.04 232.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 448.06 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 465.18 232.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 505.08 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.10 232.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.22 232.10 Td (change ) Tj ET Q q 0 0 0 rg BT 554.23 232.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.72 220.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 86.09 220.10 Td (is ) Tj ET Q q 0 0 0 rg BT 95.26 220.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 141.63 220.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.90 220.10 Td (income ) Tj ET Q q 0 0 0 rg BT 183.84 220.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.12 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.83 220.10 Td (period ) Tj ET Q q 0 0 0 rg BT 236.88 220.10 Td (that ) Tj ET Q q 0 0 0 rg BT 254.38 220.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 290.20 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.92 220.10 Td (date ) Tj ET Q q 0 0 0 rg BT 324.07 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.90 220.10 Td (enactment ) Tj ET Q q 0 0 0 rg BT 378.49 220.10 Td (or ) Tj ET Q q 0 0 0 rg BT 389.32 220.10 Td (substantive ) Tj ET Q q 0 0 0 rg BT 436.82 220.10 Td (enactment.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 203.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.03 203.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 100.96 203.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.88 203.10 Td (need ) Tj ET Q q 0 0 0 rg BT 137.46 203.10 Td (for ) Tj ET Q q 0 0 0 rg BT 151.83 203.10 Td (a ) Tj ET Q q 0 0 0 rg BT 158.97 203.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 198.88 203.10 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 244.02 203.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 267.84 203.10 Td (considers ) Tj ET Q q 0 0 0 rg BT 308.31 203.10 Td (both ) Tj ET Q q 0 0 0 rg BT 328.79 203.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 363.16 203.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.30 203.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 416.88 203.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 455.12 203.10 Td (related ) Tj ET Q q 0 0 0 rg BT 485.02 203.10 Td (to ) Tj ET Q q 0 0 0 rg BT 495.50 203.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.43 203.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 553.68 203.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 191.10 Td (realization ) Tj ET Q q 0 0 0 rg BT 94.26 191.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.66 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.94 191.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 154.31 191.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 168.59 191.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 196.48 191.10 Td (If, ) Tj ET Q q 0 0 0 rg BT 207.71 191.10 Td (based ) Tj ET Q q 0 0 0 rg BT 232.54 191.10 Td (on ) Tj ET Q q 0 0 0 rg BT 244.61 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.89 191.10 Td (weight ) Tj ET Q q 0 0 0 rg BT 288.17 191.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.56 191.10 Td (available ) Tj ET Q q 0 0 0 rg BT 336.72 191.10 Td (evidence, ) Tj ET Q q 0 0 0 rg BT 376.81 191.10 Td (it ) Tj ET Q q 0 0 0 rg BT 384.43 191.10 Td (is ) Tj ET Q q 0 0 0 rg BT 393.17 191.10 Td (more ) Tj ET Q q 0 0 0 rg BT 415.78 191.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 440.62 191.10 Td (than ) Tj ET Q q 0 0 0 rg BT 459.90 191.10 Td (not ) Tj ET Q q 0 0 0 rg BT 474.74 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.02 191.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 524.39 191.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 538.67 191.10 Td (assets ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 179.10 Td (will ) Tj ET Q q 0 0 0 rg BT 67.19 179.10 Td (not ) Tj ET Q q 0 0 0 rg BT 81.60 179.10 Td (be ) Tj ET Q q 0 0 0 rg BT 92.67 179.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 125.94 179.10 Td (or ) Tj ET Q q 0 0 0 rg BT 135.91 179.10 Td (if ) Tj ET Q q 0 0 0 rg BT 143.65 179.10 Td (it ) Tj ET Q q 0 0 0 rg BT 150.84 179.10 Td (is ) Tj ET Q q 0 0 0 rg BT 159.14 179.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 191.86 179.10 Td (premature ) Tj ET Q q 0 0 0 rg BT 234.03 179.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.44 179.10 Td (conclude ) Tj ET Q q 0 0 0 rg BT 281.17 179.10 Td (that ) Tj ET Q q 0 0 0 rg BT 297.79 179.10 Td (these ) Tj ET Q q 0 0 0 rg BT 319.97 179.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 344.93 179.10 Td (will ) Tj ET Q q 0 0 0 rg BT 362.12 179.10 Td (be ) Tj ET Q q 0 0 0 rg BT 373.19 179.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 406.47 179.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.88 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.73 179.10 Td (near ) Tj ET Q q 0 0 0 rg BT 448.57 179.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 476.58 179.10 Td (a ) Tj ET Q q 0 0 0 rg BT 482.65 179.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 521.49 179.10 Td (allowance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 167.10 Td (recorded. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 150.10 Td (Claims ) Tj ET Q q 0 0 0 rg BT 81.23 150.10 Td (liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 119.01 150.10 Td ( ) Tj ET Q q 0 0 0 rg BT 121.34 150.10 Td (- ) Tj ET Q q 0 0 0 rg BT 126.84 150.10 Td (The ) Tj ET Q q 0 0 0 rg BT 144.72 150.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 184.83 150.10 Td (for ) Tj ET Q q 0 0 0 rg BT 198.83 150.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 228.38 150.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 256.81 150.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 295.79 150.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.34 150.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 351.00 150.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 390.55 150.10 Td (for ) Tj ET Q q 0 0 0 rg BT 404.54 150.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 440.19 150.10 Td (claims, ) Tj ET Q q 0 0 0 rg BT 471.13 150.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 490.13 150.10 Td (those ) Tj ET Q q 0 0 0 rg BT 513.58 150.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 549.23 150.10 Td (but ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 138.10 Td (not ) Tj ET Q q 0 0 0 rg BT 66.06 138.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 81.55 138.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 118.14 138.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.86 138.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.35 138.10 Td (related ) Tj ET Q q 0 0 0 rg BT 181.83 138.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 223.43 138.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 242.27 138.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 289.43 138.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 331.31 138.10 Td (Unpaid ) Tj ET Q q 0 0 0 rg BT 364.02 138.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 393.41 138.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 432.78 138.10 Td (are ) Tj ET Q q 0 0 0 rg BT 448.27 138.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 496.53 138.10 Td (using ) Tj ET Q q 0 0 0 rg BT 521.47 138.10 Td (case-basis ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 126.10 Td (evaluations ) Tj ET Q q 0 0 0 rg BT 97.33 126.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.55 126.10 Td (statistical ) Tj ET Q q 0 0 0 rg BT 153.11 126.10 Td (analyses, ) Tj ET Q q 0 0 0 rg BT 191.27 126.10 Td (including ) Tj ET Q q 0 0 0 rg BT 230.83 126.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 270.93 126.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 305.50 126.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 322.84 126.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 343.79 126.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.01 126.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 398.44 126.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 437.44 126.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.56 126.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.56 126.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 496.11 126.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 514.01 126.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.12 126.10 Td (all ) Tj ET Q q 0 0 0 rg BT 535.91 126.10 Td (claims ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 114.10 Td (incurred. ) Tj ET Q q 0 0 0 rg BT 87.51 114.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 127.47 114.10 Td (considerable ) Tj ET Q q 0 0 0 rg BT 180.18 114.10 Td (variability ) Tj ET Q q 0 0 0 rg BT 223.46 114.10 Td (is ) Tj ET Q q 0 0 0 rg BT 232.31 114.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 267.25 114.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.21 114.10 Td (such ) Tj ET Q q 0 0 0 rg BT 297.72 114.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 339.61 114.10 Td (management ) Tj ET Q q 0 0 0 rg BT 392.88 114.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 427.82 114.10 Td (that ) Tj ET Q q 0 0 0 rg BT 445.00 114.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.39 114.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 492.68 114.10 Td (for ) Tj ET Q q 0 0 0 rg BT 506.52 114.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 535.91 114.10 Td (claims ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 102.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.59 102.10 Td (adequate. ) Tj ET Q q 0 0 0 rg BT 98.40 102.10 Td (The ) Tj ET Q q 0 0 0 rg BT 115.86 102.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 154.99 102.10 Td (are ) Tj ET Q q 0 0 0 rg BT 169.12 102.10 Td (continually ) Tj ET Q q 0 0 0 rg BT 216.03 102.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 254.59 102.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.95 102.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 306.19 102.10 Td (as ) Tj ET Q q 0 0 0 rg BT 316.44 102.10 Td (necessary; ) Tj ET Q q 0 0 0 rg BT 360.00 102.10 Td (such ) Tj ET Q q 0 0 0 rg BT 380.25 102.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 429.94 102.10 Td (are ) Tj ET Q q 0 0 0 rg BT 444.07 102.10 Td (included ) Tj ET Q q 0 0 0 rg BT 480.42 102.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.11 102.10 Td (current ) Tj ET Q q 0 0 0 rg BT 520.35 102.10 Td (operations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 90.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 90.10 Td (are ) Tj ET Q q 0 0 0 rg BT 81.65 90.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 124.68 90.10 Td (for ) Tj ET Q q 0 0 0 rg BT 138.84 90.10 Td (as ) Tj ET Q q 0 0 0 rg BT 149.67 90.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 184.38 90.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.65 90.10 Td (estimates.) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 53 0 obj <>] /Rotate 0 /Contents 54 0 R>> endobj 54 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (26) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 737.25 Td (IV) Tj ET Q q 0 0 0 rg BT 59.82 737.25 Td (. ) Tj ET Q q 0 0 0 rg BT 64.82 737.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 67.32421875 735.68505859375 m 174.3017578125 735.68505859375 l s q 0 0 0 rg BT 67.32 737.25 Td (OPERA) Tj ET Q q 0 0 0 rg BT 101.58 737.25 Td (TING ) Tj ET Q q 0 0 0 rg BT 129.64 737.25 Td (RESUL) Tj ET Q q 0 0 0 rg BT 162.07 737.25 Td (TS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 718.45 Td (Gr) Tj ET Q q 0 0 0 rg BT 62.04 718.45 Td (oss ) Tj ET Q q 0 0 0 rg BT 77.32 718.45 Td (Pr) Tj ET Q q 0 0 0 rg BT 87.69 718.45 Td (emium ) Tj ET Q q 0 0 0 rg BT 119.44 718.45 Td (W) Tj ET Q q 0 0 0 rg BT 129.26 718.45 Td (ritten) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 701.45 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 701.45 Td (following ) Tj ET Q q 0 0 0 rg BT 109.43 701.45 Td (table ) Tj ET Q q 0 0 0 rg BT 131.37 701.45 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 181.63 701.45 Td (gross ) Tj ET Q q 0 0 0 rg BT 205.24 701.45 Td (premium ) Tj ET Q q 0 0 0 rg BT 243.85 701.45 Td (written ) Tj ET Q q 0 0 0 rg BT 274.67 701.45 Td (by ) Tj ET Q q 0 0 0 rg BT 287.17 701.45 Td (line ) Tj ET Q q 0 0 0 rg BT 304.67 701.45 Td (of ) Tj ET Q q 0 0 0 rg BT 315.50 701.45 Td (business.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 676.70 Td (Gr) Tj ET Q q 0 0 0 rg BT 62.04 676.70 Td (oss pr) Tj ET Q q 0 0 0 rg BT 87.14 676.70 Td (emium written by line of business \(in '000s\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 631.95 110.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 631.95 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 631.95 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 631.95 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 631.95 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 631.95 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 631.95 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 631.95 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 607.95 110.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 160.50 607.95 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 607.95 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 607.95 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 607.95 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 607.95 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 607.95 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 607.95 55.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 670.95 m 232.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 655.95 m 232.5 655.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 670.95 m 304.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 655.95 m 304.5 655.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 670.95 m 359.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 655.95 m 359.5 655.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 670.95 m 363.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 655.95 m 363.5 655.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 670.95 m 435.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 655.95 m 435.5 655.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 670.95 m 507.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 655.95 m 507.5 655.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 670.95 m 562.5 670.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 655.95 m 562.5 655.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 655.95 m 232.5 655.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 631.95 m 232.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 655.95 m 304.5 655.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 631.95 m 304.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 655.95 m 359.5 655.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 631.95 m 359.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 655.95 m 363.5 655.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 631.95 m 363.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 655.95 m 435.5 655.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 631.95 m 435.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 655.95 m 507.5 655.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 631.95 m 507.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 655.95 m 562.5 655.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 631.95 m 562.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 631.95 m 232.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 631.95 m 304.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 631.95 m 359.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 631.95 m 363.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 631.95 m 435.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 631.95 m 507.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 595.95 m 232.5 595.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 595.95 m 304.5 595.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 595.95 m 359.5 595.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 595.95 m 363.5 595.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 595.95 m 435.5 595.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 595.95 m 507.5 595.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 595.95 m 232.5 595.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 584.95 m 232.5 584.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 160.5 582.95 m 232.5 582.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 595.95 m 304.5 595.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 584.95 m 304.5 584.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 582.95 m 304.5 582.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 595.95 m 359.5 595.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 584.95 m 359.5 584.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 582.95 m 359.5 582.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 595.95 m 363.5 595.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 584.95 m 363.5 584.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 582.95 m 363.5 582.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 595.95 m 435.5 595.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 584.95 m 435.5 584.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 582.95 m 435.5 582.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 595.95 m 507.5 595.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 584.95 m 507.5 584.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 582.95 m 507.5 582.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 595.95 m 562.5 595.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 584.95 m 562.5 584.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 582.95 m 562.5 582.95 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 198.60 660.63 Td (Three Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 404.25 660.63 Td (Nine Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 165.50 646.63 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 186.00 636.63 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 237.50 646.63 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 258.25 636.63 Td (2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 308.85 636.63 Td (% Change) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 368.50 646.63 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 389.00 636.63 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 440.50 646.63 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 461.25 636.63 Td (2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 511.85 636.63 Td (% Change) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 622.57 Td (Commercial automobile) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.00 622.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.15 622.57 Td (22,119) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.00 622.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.15 622.57 Td (5,350) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.75 622.57 Td (313.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.65 622.57 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.00 622.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.15 622.57 Td (41,045) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.00 622.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 622.57 Td (14,504) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.75 622.57 Td (183.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 622.57 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 610.57 Td (Non-standard automobile) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.30 610.57 Td (\(31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.65 610.57 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.15 610.57 Td (4,342) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.45 610.57 Td (\(100.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.30 610.57 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.30 610.57 Td (\(540) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.65 610.57 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 610.57 Td (14,012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.45 610.57 Td (\(103.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.30 610.57 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 598.57 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.15 598.57 Td (1,265) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.15 598.57 Td (1,236) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.80 598.57 Td (2.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.65 598.57 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.15 598.57 Td (3,843) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.15 598.57 Td (4,435) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.45 598.57 Td (\(13.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.30 598.57 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.00 586.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.15 586.57 Td (23,353) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.00 586.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.15 586.57 Td (10,928) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.75 586.57 Td (113.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 350.65 586.57 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.00 586.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.15 586.57 Td (44,348) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.00 586.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.15 586.57 Td (32,951) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.75 586.57 Td (34.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 586.57 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 550.45 Td (Third ) Tj ET Q q 0 0 0 rg BT 77.51 550.45 Td (Quarter) Tj ET Q q 0 0 0 rg BT 112.31 550.45 Td ( ) Tj ET Q q 0 0 0 rg BT 114.81 550.45 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.81 550.45 Td (:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 533.45 Td (For ) Tj ET Q q 0 0 0 rg BT 66.75 533.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.83 533.45 Td (three ) Tj ET Q q 0 0 0 rg BT 104.67 533.45 Td (month ) Tj ET Q q 0 0 0 rg BT 133.09 533.45 Td (period ) Tj ET Q q 0 0 0 rg BT 161.49 533.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 188.23 533.45 Td (September ) Tj ET Q q 0 0 0 rg BT 233.85 533.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 249.21 533.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.21 533.45 Td (, ) Tj ET Q q 0 0 0 rg BT 274.57 533.45 Td (gross ) Tj ET Q q 0 0 0 rg BT 298.54 533.45 Td (premium ) Tj ET Q q 0 0 0 rg BT 337.50 533.45 Td (written ) Tj ET Q q 0 0 0 rg BT 368.69 533.45 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.10 533.45 Td ($23.4 ) Tj ET Q q 0 0 0 rg BT 412.46 533.45 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.35 533.45 Td ( ) Tj ET Q q 0 0 0 rg BT 444.21 533.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 486.49 533.45 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.13 533.45 Td ($10.9 ) Tj ET Q q 0 0 0 rg BT 522.49 533.45 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.38 533.45 Td ( ) Tj ET Q q 0 0 0 rg BT 554.24 533.45 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 521.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.66 521.45 Td (three ) Tj ET Q q 0 0 0 rg BT 87.09 521.45 Td (month ) Tj ET Q q 0 0 0 rg BT 115.09 521.45 Td (period ) Tj ET Q q 0 0 0 rg BT 143.08 521.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 169.40 521.45 Td (September ) Tj ET Q q 0 0 0 rg BT 214.61 521.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 229.55 521.45 Td (201) Tj ET Q q 0 0 0 rg BT 244.18 521.45 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.18 521.45 Td (, ) Tj ET Q q 0 0 0 rg BT 254.13 521.45 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.01 521.45 Td ($9.2 ) Tj ET Q q 0 0 0 rg BT 290.95 521.45 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.84 521.45 Td ( ) Tj ET Q q 0 0 0 rg BT 322.29 521.45 Td (in ) Tj ET Q q 0 0 0 rg BT 332.51 521.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.17 521.45 Td (three ) Tj ET Q q 0 0 0 rg BT 369.60 521.45 Td (month ) Tj ET Q q 0 0 0 rg BT 397.60 521.45 Td (period ) Tj ET Q q 0 0 0 rg BT 425.59 521.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 451.91 521.45 Td (June ) Tj ET Q q 0 0 0 rg BT 472.69 521.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 487.63 521.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.63 521.45 Td (, ) Tj ET Q q 0 0 0 rg BT 512.57 521.45 Td (representing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 509.45 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.72 509.45 Td (1) Tj ET Q q 0 0 0 rg BT 61.35 509.45 Td (13.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.18 509.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.47 509.45 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.22 509.45 Td ( ) Tj ET Q q 0 0 0 rg BT 124.51 509.45 Td (and ) Tj ET Q q 0 0 0 rg BT 141.23 509.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.52 509.45 Td (152.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 174.35 509.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 176.63 509.45 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.38 509.45 Td (, ) Tj ET Q q 0 0 0 rg BT 214.17 509.45 Td (respectively) Tj ET Q q 0 0 0 rg BT 261.83 509.45 Td (. ) Tj ET Q q 0 0 0 rg BT 266.62 509.45 Td ( ) Tj ET Q q 0 0 0 rg BT 268.74 509.45 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.57 509.45 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.32 509.45 Td ( ) Tj ET Q q 0 0 0 rg BT 321.61 509.45 Td (relative ) Tj ET Q q 0 0 0 rg BT 353.87 509.45 Td (to ) Tj ET Q q 0 0 0 rg BT 363.94 509.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.44 509.45 Td (three ) Tj ET Q q 0 0 0 rg BT 400.71 509.45 Td (month ) Tj ET Q q 0 0 0 rg BT 428.55 509.45 Td (period ) Tj ET Q q 0 0 0 rg BT 456.38 509.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 482.54 509.45 Td (September ) Tj ET Q q 0 0 0 rg BT 527.59 509.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 542.38 509.45 Td (201) Tj ET Q q 0 0 0 rg BT 557.01 509.45 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.01 509.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 497.45 Td (is ) Tj ET Q q 0 0 0 rg BT 58.81 497.45 Td (due ) Tj ET Q q 0 0 0 rg BT 75.38 497.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 114.73 497.45 Td (to ) Tj ET Q q 0 0 0 rg BT 124.64 497.45 Td (the ) Tj ET Q q 0 0 0 rg BT 138.99 497.45 Td (substantial ) Tj ET Q q 0 0 0 rg BT 183.90 497.45 Td (growth ) Tj ET Q q 0 0 0 rg BT 214.37 497.45 Td (of ) Tj ET Q q 0 0 0 rg BT 224.83 497.45 Td (the ) Tj ET Q q 0 0 0 rg BT 239.18 497.45 Td (core ) Tj ET Q q 0 0 0 rg BT 258.53 497.45 Td (commercial ) Tj ET Q q 0 0 0 rg BT 307.86 497.45 Td (auto ) Tj ET Q q 0 0 0 rg BT 327.21 497.45 Td (business, ) Tj ET Q q 0 0 0 rg BT 365.74 497.45 Td (which ) Tj ET Q q 0 0 0 rg BT 392.31 497.45 Td (of) Tj ET Q q 0 0 0 rg BT 400.46 497.45 Td (fset ) Tj ET Q q 0 0 0 rg BT 417.03 497.45 Td (the ) Tj ET Q q 0 0 0 rg BT 431.39 497.45 Td (exit ) Tj ET Q q 0 0 0 rg BT 448.52 497.45 Td (of ) Tj ET Q q 0 0 0 rg BT 458.98 497.45 Td (the ) Tj ET Q q 0 0 0 rg BT 473.33 497.45 Td (non-standard ) Tj ET Q q 0 0 0 rg BT 527.68 497.45 Td (auto ) Tj ET Q q 0 0 0 rg BT 547.03 497.45 Td (line ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 485.45 Td (of ) Tj ET Q q 0 0 0 rg BT 61.49 485.45 Td (business. ) Tj ET Q q 0 0 0 rg BT 101.04 485.45 Td (In ) Tj ET Q q 0 0 0 rg BT 112.53 485.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 127.90 485.45 Td (three ) Tj ET Q q 0 0 0 rg BT 151.04 485.45 Td (month ) Tj ET Q q 0 0 0 rg BT 179.76 485.45 Td (period ) Tj ET Q q 0 0 0 rg BT 208.46 485.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 235.50 485.45 Td (September ) Tj ET Q q 0 0 0 rg BT 281.42 485.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 297.08 485.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.08 485.45 Td (, ) Tj ET Q q 0 0 0 rg BT 322.74 485.45 Td (we ) Tj ET Q q 0 0 0 rg BT 337.56 485.45 Td (implemented ) Tj ET Q q 0 0 0 rg BT 392.92 485.45 Td (a ) Tj ET Q q 0 0 0 rg BT 400.52 485.45 Td (significant ) Tj ET Q q 0 0 0 rg BT 445.89 485.45 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 499.02 485.45 Td (in ) Tj ET Q q 0 0 0 rg BT 509.95 485.45 Td (New ) Tj ET Q q 0 0 0 rg BT 531.52 485.45 Td (Y) Tj ET Q q 0 0 0 rg BT 537.75 485.45 Td (ork ) Tj ET Q q 0 0 0 rg BT 554.23 485.45 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 473.45 Td (provide ) Tj ET Q q 0 0 0 rg BT 82.73 473.45 Td (excess ) Tj ET Q q 0 0 0 rg BT 111.00 473.45 Td (coverage ) Tj ET Q q 0 0 0 rg BT 149.27 473.45 Td (above ) Tj ET Q q 0 0 0 rg BT 175.32 473.45 Td (the ) Tj ET Q q 0 0 0 rg BT 189.72 473.45 Td (levels ) Tj ET Q q 0 0 0 rg BT 215.22 473.45 Td (of ) Tj ET Q q 0 0 0 rg BT 225.73 473.45 Td (risk ) Tj ET Q q 0 0 0 rg BT 242.91 473.45 Td (retained ) Tj ET Q q 0 0 0 rg BT 277.29 473.45 Td (by ) Tj ET Q q 0 0 0 rg BT 289.47 473.45 Td (the ) Tj ET Q q 0 0 0 rg BT 303.87 473.45 Td (insured. ) Tj ET Q q 0 0 0 rg BT 337.83 473.45 Td (T) Tj ET Q q 0 0 0 rg BT 343.24 473.45 Td (otal ) Tj ET Q q 0 0 0 rg BT 360.41 473.45 Td (premium ) Tj ET Q q 0 0 0 rg BT 398.70 473.45 Td (related ) Tj ET Q q 0 0 0 rg BT 428.08 473.45 Td (to ) Tj ET Q q 0 0 0 rg BT 438.03 473.45 Td (this ) Tj ET Q q 0 0 0 rg BT 454.66 473.45 Td (program ) Tj ET Q q 0 0 0 rg BT 490.72 473.45 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.45 473.45 Td ($12.4 ) Tj ET Q q 0 0 0 rg BT 533.13 473.45 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.02 473.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 461.45 Td (in ) Tj ET Q q 0 0 0 rg BT 60.20 461.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.84 461.45 Td (three ) Tj ET Q q 0 0 0 rg BT 97.24 461.45 Td (month ) Tj ET Q q 0 0 0 rg BT 125.22 461.45 Td (period ) Tj ET Q q 0 0 0 rg BT 153.19 461.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 179.49 461.45 Td (September ) Tj ET Q q 0 0 0 rg BT 224.67 461.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 239.59 461.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.59 461.45 Td ( ) Tj ET Q q 0 0 0 rg BT 262.01 461.45 Td (and ) Tj ET Q q 0 0 0 rg BT 278.87 461.45 Td (is ) Tj ET Q q 0 0 0 rg BT 287.96 461.45 Td (included ) Tj ET Q q 0 0 0 rg BT 324.82 461.45 Td (in ) Tj ET Q q 0 0 0 rg BT 335.02 461.45 Td (the ) Tj ET Q q 0 0 0 rg BT 349.65 461.45 Td ("commercial ) Tj ET Q q 0 0 0 rg BT 403.35 461.45 Td (automobile" ) Tj ET Q q 0 0 0 rg BT 454.85 461.45 Td (line ) Tj ET Q q 0 0 0 rg BT 472.26 461.45 Td (of ) Tj ET Q q 0 0 0 rg BT 483.01 461.45 Td (business. ) Tj ET Q q 0 0 0 rg BT 521.83 461.45 Td (Below ) Tj ET Q q 0 0 0 rg BT 550.36 461.45 Td (we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 449.45 Td (will ) Tj ET Q q 0 0 0 rg BT 68.17 449.45 Td (refer ) Tj ET Q q 0 0 0 rg BT 89.66 449.45 Td (to ) Tj ET Q q 0 0 0 rg BT 100.05 449.45 Td (the ) Tj ET Q q 0 0 0 rg BT 114.88 449.45 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 167.47 449.45 Td (as ) Tj ET Q q 0 0 0 rg BT 178.42 449.45 Td (the ) Tj ET Q q 0 0 0 rg BT 193.25 449.45 Td ("excess ) Tj ET Q q 0 0 0 rg BT 226.05 449.45 Td (taxi ) Tj ET Q q 0 0 0 rg BT 243.66 449.45 Td (program" ) Tj ET Q q 0 0 0 rg BT 284.23 449.45 Td (where ) Tj ET Q q 0 0 0 rg BT 311.28 449.45 Td (it ) Tj ET Q q 0 0 0 rg BT 319.45 449.45 Td (is ) Tj ET Q q 0 0 0 rg BT 328.74 449.45 Td (relevant ) Tj ET Q q 0 0 0 rg BT 363.56 449.45 Td (to ) Tj ET Q q 0 0 0 rg BT 373.95 449.45 Td (explain ) Tj ET Q q 0 0 0 rg BT 406.00 449.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 435.82 449.45 Td (variances. ) Tj ET Q q 0 0 0 rg BT 478.50 449.45 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.66 449.45 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.42 449.45 Td ( ) Tj ET Q q 0 0 0 rg BT 532.03 449.45 Td (relative ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 437.45 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.28 437.45 Td (three ) Tj ET Q q 0 0 0 rg BT 82.76 437.45 Td (month ) Tj ET Q q 0 0 0 rg BT 110.82 437.45 Td (period ) Tj ET Q q 0 0 0 rg BT 138.87 437.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 165.24 437.45 Td (June ) Tj ET Q q 0 0 0 rg BT 186.07 437.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 201.07 437.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.07 437.45 Td ( ) Tj ET Q q 0 0 0 rg BT 223.57 437.45 Td (is ) Tj ET Q q 0 0 0 rg BT 232.74 437.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 272.46 437.45 Td (the ) Tj ET Q q 0 0 0 rg BT 287.17 437.45 Td (result ) Tj ET Q q 0 0 0 rg BT 311.89 437.45 Td (of ) Tj ET Q q 0 0 0 rg BT 322.72 437.45 Td (the ) Tj ET Q q 0 0 0 rg BT 337.44 437.45 Td (excess ) Tj ET Q q 0 0 0 rg BT 366.04 437.45 Td (taxi ) Tj ET Q q 0 0 0 rg BT 383.53 437.45 Td (program.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 420.45 Td (In ) Tj ET Q q 0 0 0 rg BT 61.40 420.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.68 420.45 Td (three ) Tj ET Q q 0 0 0 rg BT 99.73 420.45 Td (month ) Tj ET Q q 0 0 0 rg BT 128.35 420.45 Td (period ) Tj ET Q q 0 0 0 rg BT 156.96 420.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 183.91 420.45 Td (September ) Tj ET Q q 0 0 0 rg BT 229.73 420.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 245.30 420.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.30 420.45 Td (, ) Tj ET Q q 0 0 0 rg BT 270.87 420.45 Td (gross ) Tj ET Q q 0 0 0 rg BT 295.04 420.45 Td (premium ) Tj ET Q q 0 0 0 rg BT 334.21 420.45 Td (written ) Tj ET Q q 0 0 0 rg BT 365.60 420.45 Td (from ) Tj ET Q q 0 0 0 rg BT 388.11 420.45 Td (commercial ) Tj ET Q q 0 0 0 rg BT 438.37 420.45 Td (automobile ) Tj ET Q q 0 0 0 rg BT 486.43 420.45 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.04 420.45 Td ($22.1 ) Tj ET Q q 0 0 0 rg BT 530.61 420.45 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.50 420.45 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 408.45 Td (representing ) Tj ET Q q 0 0 0 rg BT 101.80 408.45 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 108.61 408.45 Td (313.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 139.44 408.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.81 408.45 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 174.56 408.45 Td ( ) Tj ET Q q 0 0 0 rg BT 176.93 408.45 Td (relative ) Tj ET Q q 0 0 0 rg BT 209.29 408.45 Td (to ) Tj ET Q q 0 0 0 rg BT 219.44 408.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.03 408.45 Td (three ) Tj ET Q q 0 0 0 rg BT 256.38 408.45 Td (month ) Tj ET Q q 0 0 0 rg BT 284.31 408.45 Td (period ) Tj ET Q q 0 0 0 rg BT 312.23 408.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 338.48 408.45 Td (September ) Tj ET Q q 0 0 0 rg BT 383.62 408.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 398.49 408.45 Td (201) Tj ET Q q 0 0 0 rg BT 413.12 408.45 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.12 408.45 Td ( ) Tj ET Q q 0 0 0 rg BT 420.49 408.45 Td (and ) Tj ET Q q 0 0 0 rg BT 437.30 408.45 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.11 408.45 Td (169.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.94 408.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.31 408.45 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.07 408.45 Td ( ) Tj ET Q q 0 0 0 rg BT 512.44 408.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.23 408.45 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 396.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.87 396.45 Td (three ) Tj ET Q q 0 0 0 rg BT 87.50 396.45 Td (month ) Tj ET Q q 0 0 0 rg BT 115.71 396.45 Td (period ) Tj ET Q q 0 0 0 rg BT 143.91 396.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 170.43 396.45 Td (June ) Tj ET Q q 0 0 0 rg BT 191.42 396.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 206.57 396.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.57 396.45 Td (. ) Tj ET Q q 0 0 0 rg BT 231.52 396.45 Td (This ) Tj ET Q q 0 0 0 rg BT 251.95 396.45 Td (substantial ) Tj ET Q q 0 0 0 rg BT 297.38 396.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 332.78 396.45 Td (is ) Tj ET Q q 0 0 0 rg BT 342.10 396.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 381.96 396.45 Td (the ) Tj ET Q q 0 0 0 rg BT 396.83 396.45 Td (result ) Tj ET Q q 0 0 0 rg BT 421.70 396.45 Td (of ) Tj ET Q q 0 0 0 rg BT 432.68 396.45 Td (the ) Tj ET Q q 0 0 0 rg BT 447.55 396.45 Td (excess ) Tj ET Q q 0 0 0 rg BT 476.29 396.45 Td (taxi ) Tj ET Q q 0 0 0 rg BT 493.94 396.45 Td (program ) Tj ET Q q 0 0 0 rg BT 530.47 396.45 Td (but ) Tj ET Q q 0 0 0 rg BT 545.90 396.45 Td (also ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 384.45 Td (the ) Tj ET Q q 0 0 0 rg BT 63.63 384.45 Td (planned ) Tj ET Q q 0 0 0 rg BT 96.70 384.45 Td (expansion ) Tj ET Q q 0 0 0 rg BT 138.67 384.45 Td (of ) Tj ET Q q 0 0 0 rg BT 148.41 384.45 Td (the ) Tj ET Q q 0 0 0 rg BT 162.05 384.45 Td (commercial ) Tj ET Q q 0 0 0 rg BT 210.66 384.45 Td (auto ) Tj ET Q q 0 0 0 rg BT 229.29 384.45 Td (business. ) Tj ET Q q 0 0 0 rg BT 267.10 384.45 Td (Removing ) Tj ET Q q 0 0 0 rg BT 310.18 384.45 Td (the ) Tj ET Q q 0 0 0 rg BT 323.81 384.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 352.44 384.45 Td (of ) Tj ET Q q 0 0 0 rg BT 362.19 384.45 Td (the ) Tj ET Q q 0 0 0 rg BT 375.82 384.45 Td (excess ) Tj ET Q q 0 0 0 rg BT 403.33 384.45 Td (taxi ) Tj ET Q q 0 0 0 rg BT 419.75 384.45 Td (program, ) Tj ET Q q 0 0 0 rg BT 457.54 384.45 Td (our ) Tj ET Q q 0 0 0 rg BT 472.29 384.45 Td (traditional ) Tj ET Q q 0 0 0 rg BT 514.80 384.45 Td (commercial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 372.45 Td (automobile ) Tj ET Q q 0 0 0 rg BT 97.08 372.45 Td (premium ) Tj ET Q q 0 0 0 rg BT 135.28 372.45 Td (written ) Tj ET Q q 0 0 0 rg BT 165.69 372.45 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 183.34 372.45 Td ($9.7 ) Tj ET Q q 0 0 0 rg BT 202.93 372.45 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.82 372.45 Td (, ) Tj ET Q q 0 0 0 rg BT 236.41 372.45 Td (an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.94 372.45 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.69 372.45 Td ( ) Tj ET Q q 0 0 0 rg BT 282.79 372.45 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.21 372.45 Td (80.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.04 372.45 Td ( ) Tj ET Q q 0 0 0 rg BT 321.13 372.45 Td (versus ) Tj ET Q q 0 0 0 rg BT 348.77 372.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.08 372.45 Td (three ) Tj ET Q q 0 0 0 rg BT 385.16 372.45 Td (month ) Tj ET Q q 0 0 0 rg BT 412.80 372.45 Td (period ) Tj ET Q q 0 0 0 rg BT 440.44 372.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 466.41 372.45 Td (September ) Tj ET Q q 0 0 0 rg BT 511.27 372.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 525.86 372.45 Td (201) Tj ET Q q 0 0 0 rg BT 540.49 372.45 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 545.49 372.45 Td ( ) Tj ET Q q 0 0 0 rg BT 547.58 372.45 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 360.45 Td (17.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.83 360.45 Td ( ) Tj ET Q q 0 0 0 rg BT 78.01 360.45 Td (relative ) Tj ET Q q 0 0 0 rg BT 110.17 360.45 Td (to ) Tj ET Q q 0 0 0 rg BT 120.13 360.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.52 360.45 Td (three ) Tj ET Q q 0 0 0 rg BT 156.69 360.45 Td (month ) Tj ET Q q 0 0 0 rg BT 184.42 360.45 Td (period ) Tj ET Q q 0 0 0 rg BT 212.15 360.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 238.21 360.45 Td (June ) Tj ET Q q 0 0 0 rg BT 258.71 360.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 273.39 360.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.39 360.45 Td (. ) Tj ET Q q 0 0 0 rg BT 297.92 360.45 Td (The ) Tj ET Q q 0 0 0 rg BT 315.64 360.45 Td (cessation ) Tj ET Q q 0 0 0 rg BT 354.48 360.45 Td (of ) Tj ET Q q 0 0 0 rg BT 364.98 360.45 Td (non-standard ) Tj ET Q q 0 0 0 rg BT 419.37 360.45 Td (auto ) Tj ET Q q 0 0 0 rg BT 438.77 360.45 Td (written ) Tj ET Q q 0 0 0 rg BT 469.27 360.45 Td (premium ) Tj ET Q q 0 0 0 rg BT 507.55 360.45 Td (allowed ) Tj ET Q q 0 0 0 rg BT 540.91 360.45 Td (Atlas ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 348.45 Td (to ) Tj ET Q q 0 0 0 rg BT 59.24 348.45 Td (focus ) Tj ET Q q 0 0 0 rg BT 82.36 348.45 Td (its ) Tj ET Q q 0 0 0 rg BT 93.27 348.45 Td (resources ) Tj ET Q q 0 0 0 rg BT 132.49 348.45 Td (on ) Tj ET Q q 0 0 0 rg BT 143.95 348.45 Td (its ) Tj ET Q q 0 0 0 rg BT 154.85 348.45 Td (core ) Tj ET Q q 0 0 0 rg BT 173.52 348.45 Td (line ) Tj ET Q q 0 0 0 rg BT 189.98 348.45 Td (of ) Tj ET Q q 0 0 0 rg BT 199.77 348.45 Td (business. ) Tj ET Q q 0 0 0 rg BT 237.62 348.45 Td ( ) Tj ET Q q 0 0 0 rg BT 238.75 348.45 Td (As ) Tj ET Q q 0 0 0 rg BT 251.33 348.45 Td (a ) Tj ET Q q 0 0 0 rg BT 257.23 348.45 Td (percentage ) Tj ET Q q 0 0 0 rg BT 301.99 348.45 Td (of ) Tj ET Q q 0 0 0 rg BT 311.78 348.45 Td (the ) Tj ET Q q 0 0 0 rg BT 325.45 348.45 Td (insurance ) Tj ET Q q 0 0 0 rg BT 365.23 348.45 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 415.03 348.45 Td ( ) Tj ET Q q 0 0 0 rg BT 416.49 348.45 Td (overall ) Tj ET Q q 0 0 0 rg BT 445.72 348.45 Td (book ) Tj ET Q q 0 0 0 rg BT 467.18 348.45 Td (of ) Tj ET Q q 0 0 0 rg BT 476.97 348.45 Td (business, ) Tj ET Q q 0 0 0 rg BT 514.82 348.45 Td (commercial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 336.45 Td (auto ) Tj ET Q q 0 0 0 rg BT 70.17 336.45 Td (gross ) Tj ET Q q 0 0 0 rg BT 94.25 336.45 Td (premium ) Tj ET Q q 0 0 0 rg BT 133.31 336.45 Td (written ) Tj ET Q q 0 0 0 rg BT 164.59 336.45 Td (represented ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.63 336.45 Td (94.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 239.46 336.45 Td ( ) Tj ET Q q 0 0 0 rg BT 242.42 336.45 Td (of ) Tj ET Q q 0 0 0 rg BT 253.71 336.45 Td (gross ) Tj ET Q q 0 0 0 rg BT 277.78 336.45 Td (premium ) Tj ET Q q 0 0 0 rg BT 316.84 336.45 Td (written ) Tj ET Q q 0 0 0 rg BT 348.13 336.45 Td (in ) Tj ET Q q 0 0 0 rg BT 358.86 336.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.04 336.45 Td (three ) Tj ET Q q 0 0 0 rg BT 396.98 336.45 Td (month ) Tj ET Q q 0 0 0 rg BT 425.49 336.45 Td (period ) Tj ET Q q 0 0 0 rg BT 454.00 336.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 480.83 336.45 Td (September ) Tj ET Q q 0 0 0 rg BT 526.56 336.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 542.01 336.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.01 336.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 324.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 92.29 324.45 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 102.92 324.45 Td (49.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.75 324.45 Td ( ) Tj ET Q q 0 0 0 rg BT 131.62 324.45 Td (during ) Tj ET Q q 0 0 0 rg BT 160.59 324.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.66 324.45 Td (three ) Tj ET Q q 0 0 0 rg BT 198.51 324.45 Td (month ) Tj ET Q q 0 0 0 rg BT 226.93 324.45 Td (period ) Tj ET Q q 0 0 0 rg BT 255.34 324.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 282.08 324.45 Td (September ) Tj ET Q q 0 0 0 rg BT 327.70 324.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 343.06 324.45 Td (201) Tj ET Q q 0 0 0 rg BT 357.69 324.45 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.69 324.45 Td ( ) Tj ET Q q 0 0 0 rg BT 365.55 324.45 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.85 324.45 Td (88.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.68 324.45 Td ( ) Tj ET Q q 0 0 0 rg BT 411.54 324.45 Td (in ) Tj ET Q q 0 0 0 rg BT 422.18 324.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.26 324.45 Td (three ) Tj ET Q q 0 0 0 rg BT 460.11 324.45 Td (month ) Tj ET Q q 0 0 0 rg BT 488.53 324.45 Td (period ) Tj ET Q q 0 0 0 rg BT 516.93 324.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 543.67 324.45 Td (June ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 312.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 65.00 312.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.00 312.45 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 295.45 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 101.33 295.45 Td (automobile ) Tj ET Q q 0 0 0 rg BT 148.21 295.45 Td (insurance ) Tj ET Q q 0 0 0 rg BT 188.43 295.45 Td (has ) Tj ET Q q 0 0 0 rg BT 203.65 295.45 Td (outperformed ) Tj ET Q q 0 0 0 rg BT 259.97 295.45 Td (the ) Tj ET Q q 0 0 0 rg BT 274.09 295.45 Td (overall ) Tj ET Q q 0 0 0 rg BT 303.75 295.45 Td (P&C ) Tj ET Q q 0 0 0 rg BT 325.65 295.45 Td (industry ) Tj ET Q q 0 0 0 rg BT 360.33 295.45 Td (in ) Tj ET Q q 0 0 0 rg BT 370.00 295.45 Td (each ) Tj ET Q q 0 0 0 rg BT 390.22 295.45 Td (of ) Tj ET Q q 0 0 0 rg BT 400.44 295.45 Td (the ) Tj ET Q q 0 0 0 rg BT 414.56 295.45 Td (past ) Tj ET Q q 0 0 0 rg BT 432.56 295.45 Td (ten ) Tj ET Q q 0 0 0 rg BT 446.68 295.45 Td (years ) Tj ET Q q 0 0 0 rg BT 469.67 295.45 Td (based ) Tj ET Q q 0 0 0 rg BT 494.34 295.45 Td (on ) Tj ET Q q 0 0 0 rg BT 506.24 295.45 Td (data ) Tj ET Q q 0 0 0 rg BT 524.79 295.45 Td (compiled ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 283.45 Td (by ) Tj ET Q q 0 0 0 rg BT 62.50 283.45 Td (the ) Tj ET Q q 0 0 0 rg BT 77.22 283.45 Td (NAIC. ) Tj ET Q q 0 0 0 rg BT 106.66 283.45 Td (Each ) Tj ET Q q 0 0 0 rg BT 129.15 283.45 Td (of ) Tj ET Q q 0 0 0 rg BT 139.98 283.45 Td (the ) Tj ET Q q 0 0 0 rg BT 154.69 283.45 Td (specialty ) Tj ET Q q 0 0 0 rg BT 192.73 283.45 Td (business ) Tj ET Q q 0 0 0 rg BT 229.13 283.45 Td (lines ) Tj ET Q q 0 0 0 rg BT 250.51 283.45 Td (on ) Tj ET Q q 0 0 0 rg BT 263.01 283.45 Td (which ) Tj ET Q q 0 0 0 rg BT 289.40 283.45 Td (Atlas) Tj ET Q q 0 0 0 rg BT 313.10 283.45 Td ( ) Tj ET Q q 0 0 0 rg BT 315.60 283.45 Td (strategy ) Tj ET Q q 0 0 0 rg BT 349.75 283.45 Td (is ) Tj ET Q q 0 0 0 rg BT 358.92 283.45 Td (focused ) Tj ET Q q 0 0 0 rg BT 392.52 283.45 Td (is ) Tj ET Q q 0 0 0 rg BT 401.69 283.45 Td (a ) Tj ET Q q 0 0 0 rg BT 408.63 283.45 Td (subset ) Tj ET Q q 0 0 0 rg BT 436.13 283.45 Td (of ) Tj ET Q q 0 0 0 rg BT 446.96 283.45 Td (this ) Tj ET Q q 0 0 0 rg BT 463.91 283.45 Td (industry ) Tj ET Q q 0 0 0 rg BT 499.18 283.45 Td (segment.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 266.45 Td (Y) Tj ET Q q 0 0 0 rg BT 56.11 266.45 Td (ear) Tj ET Q q 0 0 0 rg BT 69.81 266.45 Td ( ) Tj ET Q q 0 0 0 rg BT 72.31 266.45 Td (to ) Tj ET Q q 0 0 0 rg BT 83.14 266.45 Td (Date ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 105.63 266.45 Td (September) Tj ET Q q 0 0 0 rg BT 151.55 266.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 169.05 266.45 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 189.05 266.45 Td (:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 249.45 Td (For ) Tj ET Q q 0 0 0 rg BT 66.14 249.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.60 249.45 Td (nine ) Tj ET Q q 0 0 0 rg BT 100.06 249.45 Td (month ) Tj ET Q q 0 0 0 rg BT 127.86 249.45 Td (period ) Tj ET Q q 0 0 0 rg BT 155.65 249.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 181.77 249.45 Td (September ) Tj ET Q q 0 0 0 rg BT 226.77 249.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 241.52 249.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.52 249.45 Td (, ) Tj ET Q q 0 0 0 rg BT 266.26 249.45 Td (gross ) Tj ET Q q 0 0 0 rg BT 289.62 249.45 Td (premium ) Tj ET Q q 0 0 0 rg BT 327.97 249.45 Td (written ) Tj ET Q q 0 0 0 rg BT 358.54 249.45 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.33 249.45 Td ($44.3 ) Tj ET Q q 0 0 0 rg BT 401.07 249.45 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.97 249.45 Td ( ) Tj ET Q q 0 0 0 rg BT 432.21 249.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 473.88 249.45 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.90 249.45 Td ($33.0 ) Tj ET Q q 0 0 0 rg BT 508.64 249.45 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.53 249.45 Td ( ) Tj ET Q q 0 0 0 rg BT 539.78 249.45 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 249.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 237.45 Td (nine ) Tj ET Q q 0 0 0 rg BT 69.71 237.45 Td (month ) Tj ET Q q 0 0 0 rg BT 97.77 237.45 Td (period ) Tj ET Q q 0 0 0 rg BT 125.81 237.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 152.18 237.45 Td (September ) Tj ET Q q 0 0 0 rg BT 197.44 237.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 212.44 237.45 Td (201) Tj ET Q q 0 0 0 rg BT 227.07 237.45 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.07 237.45 Td (, ) Tj ET Q q 0 0 0 rg BT 237.07 237.45 Td (representing ) Tj ET Q q 0 0 0 rg BT 288.99 237.45 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.92 237.45 Td (34.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.75 237.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.25 237.45 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.00 237.45 Td (. ) Tj ET Q q 0 0 0 rg BT 362.00 237.45 Td ( ) Tj ET Q q 0 0 0 rg BT 364.31 237.45 Td (This ) Tj ET Q q 0 0 0 rg BT 384.59 237.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 419.84 237.45 Td (was ) Tj ET Q q 0 0 0 rg BT 437.89 237.45 Td (attributable ) Tj ET Q q 0 0 0 rg BT 485.92 237.45 Td (to ) Tj ET Q q 0 0 0 rg BT 496.20 237.45 Td (significant ) Tj ET Q q 0 0 0 rg BT 540.91 237.45 Td (gains ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 225.45 Td (in ) Tj ET Q q 0 0 0 rg BT 59.40 225.45 Td (commercial ) Tj ET Q q 0 0 0 rg BT 108.22 225.45 Td (automobile ) Tj ET Q q 0 0 0 rg BT 154.83 225.45 Td (premium. ) Tj ET Q q 0 0 0 rg BT 195.05 225.45 Td (Our ) Tj ET Q q 0 0 0 rg BT 212.23 225.45 Td (exit ) Tj ET Q q 0 0 0 rg BT 228.84 225.45 Td (from ) Tj ET Q q 0 0 0 rg BT 249.90 225.45 Td (the ) Tj ET Q q 0 0 0 rg BT 263.74 225.45 Td (non-standard ) Tj ET Q q 0 0 0 rg BT 317.57 225.45 Td (auto ) Tj ET Q q 0 0 0 rg BT 336.41 225.45 Td (line ) Tj ET Q q 0 0 0 rg BT 353.02 225.45 Td (of ) Tj ET Q q 0 0 0 rg BT 362.97 225.45 Td (business ) Tj ET Q q 0 0 0 rg BT 398.49 225.45 Td (is ) Tj ET Q q 0 0 0 rg BT 406.78 225.45 Td (having ) Tj ET Q q 0 0 0 rg BT 435.62 225.45 Td (a ) Tj ET Q q 0 0 0 rg BT 441.67 225.45 Td (lesser ) Tj ET Q q 0 0 0 rg BT 466.06 225.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 494.90 225.45 Td (on ) Tj ET Q q 0 0 0 rg BT 506.52 225.45 Td (total ) Tj ET Q q 0 0 0 rg BT 525.91 225.45 Td (premium ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 213.45 Td (written ) Tj ET Q q 0 0 0 rg BT 80.83 213.45 Td (as ) Tj ET Q q 0 0 0 rg BT 91.66 213.45 Td (the ) Tj ET Q q 0 0 0 rg BT 106.37 213.45 Td (year ) Tj ET Q q 0 0 0 rg BT 126.08 213.45 Td (goes ) Tj ET Q q 0 0 0 rg BT 146.91 213.45 Td (forward.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 196.45 Td (In ) Tj ET Q q 0 0 0 rg BT 61.56 196.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.00 196.45 Td (nine ) Tj ET Q q 0 0 0 rg BT 97.45 196.45 Td (month ) Tj ET Q q 0 0 0 rg BT 126.24 196.45 Td (period ) Tj ET Q q 0 0 0 rg BT 155.01 196.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 182.12 196.45 Td (September ) Tj ET Q q 0 0 0 rg BT 228.11 196.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 243.84 196.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.84 196.45 Td (, ) Tj ET Q q 0 0 0 rg BT 269.57 196.45 Td (gross ) Tj ET Q q 0 0 0 rg BT 293.91 196.45 Td (premium ) Tj ET Q q 0 0 0 rg BT 333.24 196.45 Td (written ) Tj ET Q q 0 0 0 rg BT 364.80 196.45 Td (from ) Tj ET Q q 0 0 0 rg BT 387.47 196.45 Td (commercial ) Tj ET Q q 0 0 0 rg BT 437.89 196.45 Td (automobile ) Tj ET Q q 0 0 0 rg BT 486.11 196.45 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.89 196.45 Td ($41.0 ) Tj ET Q q 0 0 0 rg BT 530.62 196.45 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.51 196.45 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 184.45 Td (representing ) Tj ET Q q 0 0 0 rg BT 103.33 184.45 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 111.68 184.45 Td (183.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 142.51 184.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 146.42 184.45 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.17 184.45 Td ( ) Tj ET Q q 0 0 0 rg BT 183.08 184.45 Td (relative ) Tj ET Q q 0 0 0 rg BT 216.97 184.45 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.66 184.45 Td (nine ) Tj ET Q q 0 0 0 rg BT 249.78 184.45 Td (month ) Tj ET Q q 0 0 0 rg BT 279.25 184.45 Td (period ) Tj ET Q q 0 0 0 rg BT 308.70 184.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 336.49 184.45 Td (September ) Tj ET Q q 0 0 0 rg BT 383.16 184.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 399.57 184.45 Td (201) Tj ET Q q 0 0 0 rg BT 414.20 184.45 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.20 184.45 Td (. ) Tj ET Q q 0 0 0 rg BT 424.75 184.45 Td (As ) Tj ET Q q 0 0 0 rg BT 439.77 184.45 Td (a ) Tj ET Q q 0 0 0 rg BT 448.11 184.45 Td (percentage ) Tj ET Q q 0 0 0 rg BT 495.32 184.45 Td (of ) Tj ET Q q 0 0 0 rg BT 507.56 184.45 Td (the ) Tj ET Q q 0 0 0 rg BT 523.69 184.45 Td (insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 172.45 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 99.80 172.45 Td ( ) Tj ET Q q 0 0 0 rg BT 102.69 172.45 Td (overall ) Tj ET Q q 0 0 0 rg BT 133.34 172.45 Td (book ) Tj ET Q q 0 0 0 rg BT 156.23 172.45 Td (of ) Tj ET Q q 0 0 0 rg BT 167.45 172.45 Td (business, ) Tj ET Q q 0 0 0 rg BT 206.73 172.45 Td (commercial ) Tj ET Q q 0 0 0 rg BT 256.81 172.45 Td (auto ) Tj ET Q q 0 0 0 rg BT 276.91 172.45 Td (gross ) Tj ET Q q 0 0 0 rg BT 300.92 172.45 Td (premium ) Tj ET Q q 0 0 0 rg BT 339.91 172.45 Td (written ) Tj ET Q q 0 0 0 rg BT 371.12 172.45 Td (represented ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.09 172.45 Td (92.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.92 172.45 Td ( ) Tj ET Q q 0 0 0 rg BT 448.81 172.45 Td (of ) Tj ET Q q 0 0 0 rg BT 460.02 172.45 Td (gross ) Tj ET Q q 0 0 0 rg BT 484.02 172.45 Td (premium ) Tj ET Q q 0 0 0 rg BT 523.02 172.45 Td (written ) Tj ET Q q 0 0 0 rg BT 554.23 172.45 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 160.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.72 160.45 Td (nine ) Tj ET Q q 0 0 0 rg BT 84.43 160.45 Td (month ) Tj ET Q q 0 0 0 rg BT 112.49 160.45 Td (period ) Tj ET Q q 0 0 0 rg BT 140.54 160.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 166.91 160.45 Td (September ) Tj ET Q q 0 0 0 rg BT 212.18 160.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 227.18 160.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.18 160.45 Td ( ) Tj ET Q q 0 0 0 rg BT 249.68 160.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 291.60 160.45 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.88 160.45 Td (44.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.71 160.45 Td ( ) Tj ET Q q 0 0 0 rg BT 330.21 160.45 Td (during ) Tj ET Q q 0 0 0 rg BT 358.82 160.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.54 160.45 Td (nine ) Tj ET Q q 0 0 0 rg BT 393.25 160.45 Td (month ) Tj ET Q q 0 0 0 rg BT 421.31 160.45 Td (period ) Tj ET Q q 0 0 0 rg BT 449.36 160.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 475.73 160.45 Td (September ) Tj ET Q q 0 0 0 rg BT 521.00 160.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 536.00 160.45 Td (201) Tj ET Q q 0 0 0 rg BT 550.63 160.45 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 555.63 160.45 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 143.45 Td (Geographic ) Tj ET Q q 0 0 0 rg BT 102.50 143.45 Td (Concentration) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 55 0 obj <>] /Rotate 0 /Contents 56 0 R>> endobj 56 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (27) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 739.25 Td (Gr) Tj ET Q q 0 0 0 rg BT 62.04 739.25 Td (oss pr) Tj ET Q q 0 0 0 rg BT 87.14 739.25 Td (emium written by state \(in '000s\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 682.50 153.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 682.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 682.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 682.50 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 682.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 682.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 682.50 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 682.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 682.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 682.50 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 682.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 682.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 658.50 153.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 658.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 658.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 658.50 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 658.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 658.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 658.50 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 658.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 658.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 658.50 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 658.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 658.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 634.50 153.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 634.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 634.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 634.50 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 634.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 634.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 634.50 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 634.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 634.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 634.50 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 634.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 634.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 610.50 153.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 610.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 610.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 610.50 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 610.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 610.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 610.50 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 610.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 610.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 610.50 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 610.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 610.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 586.50 153.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.50 586.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 586.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 586.50 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 586.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 586.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 380.50 586.50 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 586.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 586.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 586.50 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 586.50 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 586.50 43.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 733.5 m 246.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 718.5 m 246.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 733.5 m 289.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 718.5 m 289.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 733.5 m 294.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 718.5 m 294.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 733.5 m 337.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 718.5 m 337.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 733.5 m 380.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 718.5 m 380.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 733.5 m 385.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 718.5 m 385.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 733.5 m 428.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 718.5 m 428.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 733.5 m 471.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 718.5 m 471.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 733.5 m 476.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 718.5 m 476.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 733.5 m 519.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 718.5 m 519.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 733.5 m 562.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 718.5 m 562.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 718.5 m 246.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 694.5 m 246.5 694.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 718.5 m 289.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 694.5 m 289.5 694.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 718.5 m 294.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 694.5 m 294.5 694.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 718.5 m 337.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 694.5 m 337.5 694.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 718.5 m 380.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 694.5 m 380.5 694.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 718.5 m 385.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 694.5 m 385.5 694.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 718.5 m 428.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 694.5 m 428.5 694.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 718.5 m 471.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 694.5 m 471.5 694.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 718.5 m 476.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 694.5 m 476.5 694.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 718.5 m 519.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 694.5 m 519.5 694.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 718.5 m 562.5 718.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 694.5 m 562.5 694.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 694.5 m 337.5 694.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 694.5 m 380.5 694.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 574.5 m 246.5 574.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 574.5 m 289.5 574.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 574.5 m 294.5 574.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 574.5 m 337.5 574.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 574.5 m 380.5 574.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 574.5 m 385.5 574.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 574.5 m 428.5 574.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 574.5 m 471.5 574.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 574.5 m 476.5 574.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 574.5 m 519.5 574.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 574.5 m 562.5 574.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 574.5 m 246.5 574.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 203.5 562.5 m 246.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 574.5 m 289.5 574.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 562.5 m 289.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 574.5 m 294.5 574.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 562.5 m 294.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 574.5 m 337.5 574.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 562.5 m 337.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 574.5 m 380.5 574.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 562.5 m 380.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 574.5 m 385.5 574.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 380.5 562.5 m 385.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 574.5 m 428.5 574.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 562.5 m 428.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 574.5 m 471.5 574.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 562.5 m 471.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 574.5 m 476.5 574.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 562.5 m 476.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 574.5 m 519.5 574.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 562.5 m 519.5 562.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 574.5 m 562.5 574.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 562.5 m 562.5 562.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 230.60 723.18 Td (Three Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 415.25 723.18 Td (Nine Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.50 709.18 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 236.00 699.18 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 306.50 709.18 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 327.25 699.18 Td (2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.50 709.18 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 418.00 699.18 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 488.50 709.18 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 509.25 699.18 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 685.12 Td (New York) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.00 685.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.10 685.12 Td (12,991) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.10 685.12 Td (55.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.65 685.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.00 685.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.65 685.12 Td (323) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.15 685.12 Td (3.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.65 685.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.00 685.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.10 685.12 Td (15,324) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.10 685.12 Td (34.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 685.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.00 685.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.10 685.12 Td (1,487) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 685.12 Td (4.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 685.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 673.12 Td (Louisiana) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.10 673.12 Td (2,436) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.10 673.12 Td (10.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.65 673.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.10 673.12 Td (1,388) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.10 673.12 Td (12.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.65 673.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.10 673.12 Td (2,739) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 673.12 Td (6.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 673.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.10 673.12 Td (1,391) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 673.12 Td (4.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 673.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 661.12 Td (Michigan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.10 661.12 Td (1,561) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.15 661.12 Td (6.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.65 661.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.65 661.12 Td (930) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.15 661.12 Td (8.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.65 661.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.10 661.12 Td (5,285) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.10 661.12 Td (11.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 661.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.10 661.12 Td (2,648) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 661.12 Td (8.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 661.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 649.12 Td (Illinois) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.10 649.12 Td (1,538) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.15 649.12 Td (6.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.65 649.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.10 649.12 Td (5,303) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.10 649.12 Td (48.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.65 649.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.10 649.12 Td (8,551) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.10 649.12 Td (19.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 649.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.10 649.12 Td (20,618) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.10 649.12 Td (62.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 649.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 637.12 Td (Minnesota) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.65 637.12 Td (566) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.15 637.12 Td (2.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.65 637.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.65 637.12 Td (663) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.15 637.12 Td (6.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.65 637.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.10 637.12 Td (2,160) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 637.12 Td (4.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 637.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.10 637.12 Td (1,745) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 637.12 Td (5.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 637.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 625.12 Td (Virginia) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.65 625.12 Td (482) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.15 625.12 Td (2.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.65 625.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.65 625.12 Td (23) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.15 625.12 Td (0.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.65 625.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.10 625.12 Td (1,143) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 625.12 Td (2.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 625.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.65 625.12 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 625.12 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 625.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 613.12 Td (Texas) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.65 613.12 Td (308) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.15 613.12 Td (1.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.65 613.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.65 613.12 Td (95) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.15 613.12 Td (0.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.65 613.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.10 613.12 Td (1,164) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 613.12 Td (2.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 613.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.65 613.12 Td (435) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 613.12 Td (1.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 613.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 601.12 Td (Indiana) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.65 601.12 Td (253) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.15 601.12 Td (1.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.65 601.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.65 601.12 Td (710) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.15 601.12 Td (6.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.65 601.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.65 601.12 Td (368) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 601.12 Td (0.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 601.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.10 601.12 Td (2,330) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 601.12 Td (7.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 601.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 589.12 Td (Georgia) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.65 589.12 Td (208) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.15 589.12 Td (0.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.65 589.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.65 589.12 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.65 589.12 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.65 589.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.65 589.12 Td (811) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 589.12 Td (1.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 589.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.65 589.12 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 589.12 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 589.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 577.12 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.10 577.12 Td (3,010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.10 577.12 Td (12.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.65 577.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.10 577.12 Td (1,493) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.10 577.12 Td (13.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.65 577.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.10 577.12 Td (6,803) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.10 577.12 Td (15.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 577.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.10 577.12 Td (2,290) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 577.12 Td (7.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 577.12 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 565.23 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.00 565.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.10 565.12 Td (23,353) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.10 565.12 Td (100.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.65 565.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.00 565.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.10 565.12 Td (10,928) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.10 565.12 Td (100.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.65 565.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.00 565.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.10 565.12 Td (44,348) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.10 565.12 Td (100.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.65 565.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.00 565.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.10 565.12 Td (32,951) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.10 565.12 Td (100.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 565.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 546.00 Td (Third ) Tj ET Q q 0 0 0 rg BT 77.51 546.00 Td (Quarter) Tj ET Q q 0 0 0 rg BT 112.31 546.00 Td ( ) Tj ET Q q 0 0 0 rg BT 114.81 546.00 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.81 546.00 Td (:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 529.00 Td (As ) Tj ET Q q 0 0 0 rg BT 63.19 529.00 Td (illustrated ) Tj ET Q q 0 0 0 rg BT 105.26 529.00 Td (by ) Tj ET Q q 0 0 0 rg BT 117.34 529.00 Td (the ) Tj ET Q q 0 0 0 rg BT 131.63 529.00 Td (data ) Tj ET Q q 0 0 0 rg BT 150.36 529.00 Td (in ) Tj ET Q q 0 0 0 rg BT 160.07 529.00 Td (T) Tj ET Q q 0 0 0 rg BT 165.48 529.00 Td (able ) Tj ET Q q 0 0 0 rg BT 184.21 529.00 Td (3 ) Tj ET Q q 0 0 0 rg BT 191.29 529.00 Td (above, ) Tj ET Q q 0 0 0 rg BT 219.75 529.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.82 529.00 Td (55.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.65 529.00 Td ( ) Tj ET Q q 0 0 0 rg BT 249.73 529.00 Td (of ) Tj ET Q q 0 0 0 rg BT 259.68 529.00 Td (Atlas) Tj ET Q q 0 0 0 rg BT 283.38 529.00 Td ( ) Tj ET Q q 0 0 0 rg BT 285.45 529.00 Td (gross ) Tj ET Q q 0 0 0 rg BT 308.64 529.00 Td ( ) Tj ET Q q 0 0 0 rg BT 310.72 529.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 348.90 529.00 Td (written ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.31 529.00 Td (three ) Tj ET Q q 0 0 0 rg BT 401.37 529.00 Td (month ) Tj ET Q q 0 0 0 rg BT 429.00 529.00 Td (period ) Tj ET Q q 0 0 0 rg BT 456.63 529.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 482.58 529.00 Td (September ) Tj ET Q q 0 0 0 rg BT 527.42 529.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 542.00 529.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.00 529.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 517.00 Td (came ) Tj ET Q q 0 0 0 rg BT 72.98 517.00 Td (from ) Tj ET Q q 0 0 0 rg BT 94.31 517.00 Td (New ) Tj ET Q q 0 0 0 rg BT 114.80 517.00 Td (Y) Tj ET Q q 0 0 0 rg BT 121.02 517.00 Td (ork ) Tj ET Q q 0 0 0 rg BT 136.24 517.00 Td (and ) Tj ET Q q 0 0 0 rg BT 152.57 517.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.46 517.00 Td (72.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.29 517.00 Td ( ) Tj ET Q q 0 0 0 rg BT 182.18 517.00 Td (came ) Tj ET Q q 0 0 0 rg BT 205.16 517.00 Td (from ) Tj ET Q q 0 0 0 rg BT 226.49 517.00 Td (the ) Tj ET Q q 0 0 0 rg BT 240.60 517.00 Td (three ) Tj ET Q q 0 0 0 rg BT 262.47 517.00 Td (states ) Tj ET Q q 0 0 0 rg BT 286.58 517.00 Td (currently ) Tj ET Q q 0 0 0 rg BT 324.56 517.00 Td (producing ) Tj ET Q q 0 0 0 rg BT 367.00 517.00 Td (the ) Tj ET Q q 0 0 0 rg BT 381.11 517.00 Td (most ) Tj ET Q q 0 0 0 rg BT 402.44 517.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 440.44 517.00 Td (volume ) Tj ET Q q 0 0 0 rg BT 472.32 517.00 Td (\(New ) Tj ET Q q 0 0 0 rg BT 496.14 517.00 Td (Y) Tj ET Q q 0 0 0 rg BT 502.36 517.00 Td (ork, ) Tj ET Q q 0 0 0 rg BT 520.08 517.00 Td (Louisiana, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 505.00 Td (Michigan\), ) Tj ET Q q 0 0 0 rg BT 96.30 505.00 Td (as ) Tj ET Q q 0 0 0 rg BT 106.78 505.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 148.34 505.00 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 158.27 505.00 Td (69.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 184.10 505.00 Td ( ) Tj ET Q q 0 0 0 rg BT 186.24 505.00 Td (in ) Tj ET Q q 0 0 0 rg BT 196.17 505.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.53 505.00 Td (three ) Tj ET Q q 0 0 0 rg BT 232.66 505.00 Td (month ) Tj ET Q q 0 0 0 rg BT 260.36 505.00 Td (period ) Tj ET Q q 0 0 0 rg BT 288.05 505.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 314.07 505.00 Td (September ) Tj ET Q q 0 0 0 rg BT 358.98 505.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 373.63 505.00 Td (201) Tj ET Q q 0 0 0 rg BT 388.26 505.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.26 505.00 Td ( ) Tj ET Q q 0 0 0 rg BT 395.40 505.00 Td (\(Illinois, ) Tj ET Q q 0 0 0 rg BT 431.71 505.00 Td (Michigan, ) Tj ET Q q 0 0 0 rg BT 474.68 505.00 Td (Louisiana\) ) Tj ET Q q 0 0 0 rg BT 519.59 505.00 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.17 505.00 Td (47.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.00 505.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 493.00 Td (in ) Tj ET Q q 0 0 0 rg BT 60.59 493.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.63 493.00 Td (three ) Tj ET Q q 0 0 0 rg BT 98.43 493.00 Td (month ) Tj ET Q q 0 0 0 rg BT 126.80 493.00 Td (period ) Tj ET Q q 0 0 0 rg BT 155.17 493.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 181.86 493.00 Td (June ) Tj ET Q q 0 0 0 rg BT 203.01 493.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 218.32 493.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.32 493.00 Td ( ) Tj ET Q q 0 0 0 rg BT 241.14 493.00 Td (\(Illinois, ) Tj ET Q q 0 0 0 rg BT 278.12 493.00 Td (Minnesota, ) Tj ET Q q 0 0 0 rg BT 325.65 493.00 Td (Michigan\). ) Tj ET Q q 0 0 0 rg BT 372.42 493.00 Td (This ) Tj ET Q q 0 0 0 rg BT 393.02 493.00 Td (is ) Tj ET Q q 0 0 0 rg BT 402.50 493.00 Td (the ) Tj ET Q q 0 0 0 rg BT 417.54 493.00 Td (first ) Tj ET Q q 0 0 0 rg BT 436.46 493.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 467.59 493.00 Td (where ) Tj ET Q q 0 0 0 rg BT 494.22 493.00 Td (Atlas' ) Tj ET Q q 0 0 0 rg BT 519.94 493.00 Td (lar) Tj ET Q q 0 0 0 rg BT 530.31 493.00 Td (gest ) Tj ET Q q 0 0 0 rg BT 549.23 493.00 Td (top ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 481.00 Td (three ) Tj ET Q q 0 0 0 rg BT 74.05 481.00 Td (states ) Tj ET Q q 0 0 0 rg BT 100.32 481.00 Td (by ) Tj ET Q q 0 0 0 rg BT 114.38 481.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 154.55 481.00 Td (volume ) Tj ET Q q 0 0 0 rg BT 188.60 481.00 Td (did ) Tj ET Q q 0 0 0 rg BT 205.44 481.00 Td (not ) Tj ET Q q 0 0 0 rg BT 222.28 481.00 Td (include ) Tj ET Q q 0 0 0 rg BT 255.77 481.00 Td (Illinois, ) Tj ET Q q 0 0 0 rg BT 290.67 481.00 Td (further ) Tj ET Q q 0 0 0 rg BT 321.93 481.00 Td (highlighting ) Tj ET Q q 0 0 0 rg BT 374.89 481.00 Td (the ) Tj ET Q q 0 0 0 rg BT 391.16 481.00 Td (results ) Tj ET Q q 0 0 0 rg BT 421.33 481.00 Td (of ) Tj ET Q q 0 0 0 rg BT 433.72 481.00 Td (its ) Tj ET Q q 0 0 0 rg BT 447.23 481.00 Td (commitment ) Tj ET Q q 0 0 0 rg BT 501.84 481.00 Td (to ) Tj ET Q q 0 0 0 rg BT 513.67 481.00 Td (diversifying ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 469.00 Td (geographically ) Tj ET Q q 0 0 0 rg BT 111.42 469.00 Td (by ) Tj ET Q q 0 0 0 rg BT 123.41 469.00 Td (expanding ) Tj ET Q q 0 0 0 rg BT 167.06 469.00 Td (in ) Tj ET Q q 0 0 0 rg BT 176.84 469.00 Td (new ) Tj ET Q q 0 0 0 rg BT 195.49 469.00 Td (areas ) Tj ET Q q 0 0 0 rg BT 218.03 469.00 Td (of ) Tj ET Q q 0 0 0 rg BT 228.35 469.00 Td (the ) Tj ET Q q 0 0 0 rg BT 242.57 469.00 Td (country) Tj ET Q q 0 0 0 rg BT 272.46 469.00 Td (, ) Tj ET Q q 0 0 0 rg BT 276.96 469.00 Td (leveraging ) Tj ET Q q 0 0 0 rg BT 321.16 469.00 Td (experience, ) Tj ET Q q 0 0 0 rg BT 368.95 469.00 Td (historical ) Tj ET Q q 0 0 0 rg BT 408.16 469.00 Td (data ) Tj ET Q q 0 0 0 rg BT 426.81 469.00 Td (and ) Tj ET Q q 0 0 0 rg BT 443.25 469.00 Td (research. ) Tj ET Q q 0 0 0 rg BT 481.05 469.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 498.60 469.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 533.35 469.00 Td (in ) Tj ET Q q 0 0 0 rg BT 543.12 469.00 Td (New ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 457.00 Td (Y) Tj ET Q q 0 0 0 rg BT 56.22 457.00 Td (ork ) Tj ET Q q 0 0 0 rg BT 72.06 457.00 Td (is ) Tj ET Q q 0 0 0 rg BT 81.23 457.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 120.95 457.00 Td (due ) Tj ET Q q 0 0 0 rg BT 137.90 457.00 Td (to ) Tj ET Q q 0 0 0 rg BT 148.18 457.00 Td (the ) Tj ET Q q 0 0 0 rg BT 162.90 457.00 Td (excess ) Tj ET Q q 0 0 0 rg BT 191.51 457.00 Td (taxi ) Tj ET Q q 0 0 0 rg BT 209.01 457.00 Td (program. ) Tj ET Q q 0 0 0 rg BT 247.71 457.00 Td (The ) Tj ET Q q 0 0 0 rg BT 265.77 457.00 Td (decline ) Tj ET Q q 0 0 0 rg BT 297.14 457.00 Td (in ) Tj ET Q q 0 0 0 rg BT 307.43 457.00 Td (Illinois ) Tj ET Q q 0 0 0 rg BT 338.27 457.00 Td (is ) Tj ET Q q 0 0 0 rg BT 347.45 457.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 387.17 457.00 Td (attributable ) Tj ET Q q 0 0 0 rg BT 435.21 457.00 Td (to ) Tj ET Q q 0 0 0 rg BT 444.94 457.00 Td (Atlas' ) Tj ET Q q 0 0 0 rg BT 470.36 457.00 Td (exit ) Tj ET Q q 0 0 0 rg BT 487.86 457.00 Td (from ) Tj ET Q q 0 0 0 rg BT 509.80 457.00 Td (non-standard ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 445.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 90.82 445.00 Td (lines ) Tj ET Q q 0 0 0 rg BT 112.20 445.00 Td (as ) Tj ET Q q 0 0 0 rg BT 123.03 445.00 Td (well ) Tj ET Q q 0 0 0 rg BT 142.75 445.00 Td (as ) Tj ET Q q 0 0 0 rg BT 153.58 445.00 Td (re-allocation ) Tj ET Q q 0 0 0 rg BT 206.61 445.00 Td (of ) Tj ET Q q 0 0 0 rg BT 217.44 445.00 Td (resources ) Tj ET Q q 0 0 0 rg BT 257.70 445.00 Td (to ) Tj ET Q q 0 0 0 rg BT 267.97 445.00 Td (pursuits ) Tj ET Q q 0 0 0 rg BT 302.14 445.00 Td (in ) Tj ET Q q 0 0 0 rg BT 312.42 445.00 Td (new ) Tj ET Q q 0 0 0 rg BT 331.58 445.00 Td (markets.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 428.00 Td (Though ) Tj ET Q q 0 0 0 rg BT 84.41 428.00 Td (we ) Tj ET Q q 0 0 0 rg BT 99.38 428.00 Td (built ) Tj ET Q q 0 0 0 rg BT 121.02 428.00 Td (an ) Tj ET Q q 0 0 0 rg BT 133.76 428.00 Td (expanded ) Tj ET Q q 0 0 0 rg BT 175.39 428.00 Td (presence ) Tj ET Q q 0 0 0 rg BT 213.67 428.00 Td (in ) Tj ET Q q 0 0 0 rg BT 224.75 428.00 Td (New ) Tj ET Q q 0 0 0 rg BT 246.45 428.00 Td (Y) Tj ET Q q 0 0 0 rg BT 252.67 428.00 Td (ork, ) Tj ET Q q 0 0 0 rg BT 271.80 428.00 Td (we ) Tj ET Q q 0 0 0 rg BT 286.77 428.00 Td (don't ) Tj ET Q q 0 0 0 rg BT 309.66 428.00 Td (believe ) Tj ET Q q 0 0 0 rg BT 341.83 428.00 Td (our ) Tj ET Q q 0 0 0 rg BT 358.47 428.00 Td (exposure ) Tj ET Q q 0 0 0 rg BT 397.87 428.00 Td (to ) Tj ET Q q 0 0 0 rg BT 408.96 428.00 Td (be ) Tj ET Q q 0 0 0 rg BT 421.70 428.00 Td (material ) Tj ET Q q 0 0 0 rg BT 457.77 428.00 Td (in ) Tj ET Q q 0 0 0 rg BT 468.85 428.00 Td (that ) Tj ET Q q 0 0 0 rg BT 487.15 428.00 Td (state ) Tj ET Q q 0 0 0 rg BT 508.78 428.00 Td (as ) Tj ET Q q 0 0 0 rg BT 520.42 428.00 Td (a ) Tj ET Q q 0 0 0 rg BT 528.16 428.00 Td (result ) Tj ET Q q 0 0 0 rg BT 553.68 428.00 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 416.00 Td (Hurricane ) Tj ET Q q 0 0 0 rg BT 92.48 416.00 Td (Sandy) Tj ET Q q 0 0 0 rg BT 116.83 416.00 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 399.00 Td (Y) Tj ET Q q 0 0 0 rg BT 56.11 399.00 Td (ear) Tj ET Q q 0 0 0 rg BT 69.81 399.00 Td ( ) Tj ET Q q 0 0 0 rg BT 72.31 399.00 Td (to ) Tj ET Q q 0 0 0 rg BT 83.14 399.00 Td (Date ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 105.63 399.00 Td (September) Tj ET Q q 0 0 0 rg BT 151.55 399.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 169.05 399.00 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 189.05 399.00 Td (:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.00 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 74.21 382.00 Td (saw ) Tj ET Q q 0 0 0 rg BT 92.85 382.00 Td (similar ) Tj ET Q q 0 0 0 rg BT 123.73 382.00 Td (geographic ) Tj ET Q q 0 0 0 rg BT 171.25 382.00 Td (diversification ) Tj ET Q q 0 0 0 rg BT 232.10 382.00 Td (in ) Tj ET Q q 0 0 0 rg BT 242.98 382.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.29 382.00 Td (nine ) Tj ET Q q 0 0 0 rg BT 278.61 382.00 Td (month ) Tj ET Q q 0 0 0 rg BT 307.26 382.00 Td (period ) Tj ET Q q 0 0 0 rg BT 335.90 382.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 362.88 382.00 Td (September ) Tj ET Q q 0 0 0 rg BT 408.74 382.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 424.34 382.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.34 382.00 Td ( ) Tj ET Q q 0 0 0 rg BT 447.43 382.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 489.95 382.00 Td (to ) Tj ET Q q 0 0 0 rg BT 500.83 382.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 516.14 382.00 Td (nine ) Tj ET Q q 0 0 0 rg BT 536.46 382.00 Td (month ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.00 Td (period ) Tj ET Q q 0 0 0 rg BT 78.05 370.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 104.42 370.00 Td (September ) Tj ET Q q 0 0 0 rg BT 149.69 370.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 164.69 370.00 Td (201) Tj ET Q q 0 0 0 rg BT 179.32 370.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 184.32 370.00 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.32 370.00 Td (65.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.15 370.00 Td ( ) Tj ET Q q 0 0 0 rg BT 217.65 370.00 Td (of ) Tj ET Q q 0 0 0 rg BT 228.48 370.00 Td (our ) Tj ET Q q 0 0 0 rg BT 244.31 370.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 282.91 370.00 Td (volume ) Tj ET Q q 0 0 0 rg BT 315.41 370.00 Td (came ) Tj ET Q q 0 0 0 rg BT 339.00 370.00 Td (from ) Tj ET Q q 0 0 0 rg BT 360.94 370.00 Td (the ) Tj ET Q q 0 0 0 rg BT 375.65 370.00 Td (top ) Tj ET Q q 0 0 0 rg BT 390.93 370.00 Td (three ) Tj ET Q q 0 0 0 rg BT 413.42 370.00 Td (states ) Tj ET Q q 0 0 0 rg BT 438.13 370.00 Td (\(Michigan, ) Tj ET Q q 0 0 0 rg BT 484.79 370.00 Td (Illinois, ) Tj ET Q q 0 0 0 rg BT 518.13 370.00 Td (New ) Tj ET Q q 0 0 0 rg BT 539.14 370.00 Td (Y) Tj ET Q q 0 0 0 rg BT 545.36 370.00 Td (ork\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.00 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 358.00 Td (2012, ) Tj ET Q q 0 0 0 rg BT 85.28 358.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 127.20 358.00 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.48 358.00 Td (77.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.31 358.00 Td ( ) Tj ET Q q 0 0 0 rg BT 165.81 358.00 Td (in ) Tj ET Q q 0 0 0 rg BT 176.09 358.00 Td (201) Tj ET Q q 0 0 0 rg BT 190.72 358.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 198.22 358.00 Td (\(Illinois, ) Tj ET Q q 0 0 0 rg BT 234.88 358.00 Td (Michigan, ) Tj ET Q q 0 0 0 rg BT 278.21 358.00 Td (Indiana\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 341.00 Td (The ) Tj ET Q q 0 0 0 rg BT 66.89 341.00 Td (decline ) Tj ET Q q 0 0 0 rg BT 97.11 341.00 Td (of ) Tj ET Q q 0 0 0 rg BT 106.78 341.00 Td (written ) Tj ET Q q 0 0 0 rg BT 136.45 341.00 Td (premiums ) Tj ET Q q 0 0 0 rg BT 177.79 341.00 Td (for ) Tj ET Q q 0 0 0 rg BT 190.79 341.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.36 341.00 Td (nine ) Tj ET Q q 0 0 0 rg BT 222.92 341.00 Td (month ) Tj ET Q q 0 0 0 rg BT 249.82 341.00 Td (period ) Tj ET Q q 0 0 0 rg BT 276.71 341.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 301.93 341.00 Td (September ) Tj ET Q q 0 0 0 rg BT 346.04 341.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 359.88 341.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.88 341.00 Td ( ) Tj ET Q q 0 0 0 rg BT 381.23 341.00 Td (versus ) Tj ET Q q 0 0 0 rg BT 408.12 341.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.68 341.00 Td (nine ) Tj ET Q q 0 0 0 rg BT 440.24 341.00 Td (month ) Tj ET Q q 0 0 0 rg BT 467.15 341.00 Td (period ) Tj ET Q q 0 0 0 rg BT 494.04 341.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 519.26 341.00 Td (September ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 329.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 65.17 329.00 Td (201) Tj ET Q q 0 0 0 rg BT 79.80 329.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.80 329.00 Td ( ) Tj ET Q q 0 0 0 rg BT 87.47 329.00 Td (in ) Tj ET Q q 0 0 0 rg BT 97.92 329.00 Td (Illinois ) Tj ET Q q 0 0 0 rg BT 128.93 329.00 Td (and ) Tj ET Q q 0 0 0 rg BT 146.04 329.00 Td (Indiana ) Tj ET Q q 0 0 0 rg BT 178.70 329.00 Td (is ) Tj ET Q q 0 0 0 rg BT 188.04 329.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 227.93 329.00 Td (attributable ) Tj ET Q q 0 0 0 rg BT 276.14 329.00 Td (to ) Tj ET Q q 0 0 0 rg BT 286.00 329.00 Td (Atlas) Tj ET Q q 0 0 0 rg BT 309.69 329.00 Td ( ) Tj ET Q q 0 0 0 rg BT 312.37 329.00 Td (exiting ) Tj ET Q q 0 0 0 rg BT 342.81 329.00 Td (the ) Tj ET Q q 0 0 0 rg BT 357.70 329.00 Td (non-standard ) Tj ET Q q 0 0 0 rg BT 412.58 329.00 Td (automobile ) Tj ET Q q 0 0 0 rg BT 460.24 329.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 501.23 329.00 Td (lines ) Tj ET Q q 0 0 0 rg BT 522.79 329.00 Td (as ) Tj ET Q q 0 0 0 rg BT 533.79 329.00 Td (well ) Tj ET Q q 0 0 0 rg BT 553.68 329.00 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 317.00 Td (re-allocating ) Tj ET Q q 0 0 0 rg BT 103.63 317.00 Td (resources ) Tj ET Q q 0 0 0 rg BT 144.50 317.00 Td (to ) Tj ET Q q 0 0 0 rg BT 155.38 317.00 Td (pursuits ) Tj ET Q q 0 0 0 rg BT 190.16 317.00 Td (in ) Tj ET Q q 0 0 0 rg BT 201.04 317.00 Td (new ) Tj ET Q q 0 0 0 rg BT 220.81 317.00 Td (markets. ) Tj ET Q q 0 0 0 rg BT 257.84 317.00 Td (The ) Tj ET Q q 0 0 0 rg BT 276.49 317.00 Td (majority ) Tj ET Q q 0 0 0 rg BT 313.48 317.00 Td (of ) Tj ET Q q 0 0 0 rg BT 324.92 317.00 Td (the ) Tj ET Q q 0 0 0 rg BT 340.24 317.00 Td (201) Tj ET Q q 0 0 0 rg BT 354.87 317.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 362.97 317.00 Td (non-standard ) Tj ET Q q 0 0 0 rg BT 418.29 317.00 Td (automobile ) Tj ET Q q 0 0 0 rg BT 466.38 317.00 Td (written ) Tj ET Q q 0 0 0 rg BT 497.81 317.00 Td (premiums ) Tj ET Q q 0 0 0 rg BT 540.91 317.00 Td (came ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 305.00 Td (from ) Tj ET Q q 0 0 0 rg BT 71.98 305.00 Td (those ) Tj ET Q q 0 0 0 rg BT 95.63 305.00 Td (two ) Tj ET Q q 0 0 0 rg BT 113.17 305.00 Td (states. ) Tj ET Q q 0 0 0 rg BT 140.24 305.00 Td (This ) Tj ET Q q 0 0 0 rg BT 160.56 305.00 Td (was ) Tj ET Q q 0 0 0 rg BT 178.65 305.00 Td (mostly ) Tj ET Q q 0 0 0 rg BT 208.42 305.00 Td (of) Tj ET Q q 0 0 0 rg BT 216.57 305.00 Td (fset ) Tj ET Q q 0 0 0 rg BT 233.55 305.00 Td (by ) Tj ET Q q 0 0 0 rg BT 246.09 305.00 Td (gains ) Tj ET Q q 0 0 0 rg BT 269.74 305.00 Td (in ) Tj ET Q q 0 0 0 rg BT 280.06 305.00 Td (commercial ) Tj ET Q q 0 0 0 rg BT 329.79 305.00 Td (auto ) Tj ET Q q 0 0 0 rg BT 349.55 305.00 Td (premiums ) Tj ET Q q 0 0 0 rg BT 392.09 305.00 Td (in ) Tj ET Q q 0 0 0 rg BT 402.41 305.00 Td (other ) Tj ET Q q 0 0 0 rg BT 425.49 305.00 Td (states, ) Tj ET Q q 0 0 0 rg BT 452.75 305.00 Td (both ) Tj ET Q q 0 0 0 rg BT 473.07 305.00 Td (in ) Tj ET Q q 0 0 0 rg BT 483.39 305.00 Td (established ) Tj ET Q q 0 0 0 rg BT 530.36 305.00 Td (markets ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 293.00 Td (such ) Tj ET Q q 0 0 0 rg BT 70.83 293.00 Td (as ) Tj ET Q q 0 0 0 rg BT 81.66 293.00 Td (Michigan ) Tj ET Q q 0 0 0 rg BT 122.49 293.00 Td (and ) Tj ET Q q 0 0 0 rg BT 139.42 293.00 Td (New ) Tj ET Q q 0 0 0 rg BT 160.43 293.00 Td (Y) Tj ET Q q 0 0 0 rg BT 166.66 293.00 Td (ork ) Tj ET Q q 0 0 0 rg BT 182.49 293.00 Td (and ) Tj ET Q q 0 0 0 rg BT 199.42 293.00 Td (new ) Tj ET Q q 0 0 0 rg BT 218.58 293.00 Td (states.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 276.00 Td (Ceded ) Tj ET Q q 0 0 0 rg BT 79.72 276.00 Td (Pr) Tj ET Q q 0 0 0 rg BT 90.09 276.00 Td (emium ) Tj ET Q q 0 0 0 rg BT 121.85 276.00 Td (W) Tj ET Q q 0 0 0 rg BT 131.67 276.00 Td (ritten) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 259.00 Td (Ceded ) Tj ET Q q 0 0 0 rg BT 77.76 259.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 116.07 259.00 Td (written ) Tj ET Q q 0 0 0 rg BT 146.61 259.00 Td (is ) Tj ET Q q 0 0 0 rg BT 155.49 259.00 Td (equal ) Tj ET Q q 0 0 0 rg BT 179.36 259.00 Td (to ) Tj ET Q q 0 0 0 rg BT 189.35 259.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 227.67 259.00 Td (ceded ) Tj ET Q q 0 0 0 rg BT 253.19 259.00 Td (under ) Tj ET Q q 0 0 0 rg BT 278.17 259.00 Td (the ) Tj ET Q q 0 0 0 rg BT 292.60 259.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 317.03 259.00 Td (of ) Tj ET Q q 0 0 0 rg BT 327.08 259.00 Td (Atlas) Tj ET Q q 0 0 0 rg BT 350.78 259.00 Td ( ) Tj ET Q q 0 0 0 rg BT 352.99 259.00 Td (inforce ) Tj ET Q q 0 0 0 rg BT 383.52 259.00 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 431.82 259.00 Td (treaties. ) Tj ET Q q 0 0 0 rg BT 465.40 259.00 Td ( ) Tj ET Q q 0 0 0 rg BT 467.61 259.00 Td (Ceded ) Tj ET Q q 0 0 0 rg BT 495.37 259.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 533.69 259.00 Td (written ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 247.00 Td (increased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.75 247.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.39 247.00 Td (38.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.22 247.00 Td ( ) Tj ET Q q 0 0 0 rg BT 118.85 247.00 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.27 247.00 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 149.40 247.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.29 247.00 Td ( ) Tj ET Q q 0 0 0 rg BT 180.93 247.00 Td (for ) Tj ET Q q 0 0 0 rg BT 195.22 247.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.07 247.00 Td (three ) Tj ET Q q 0 0 0 rg BT 232.69 247.00 Td (month ) Tj ET Q q 0 0 0 rg BT 260.88 247.00 Td (period ) Tj ET Q q 0 0 0 rg BT 289.06 247.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 315.57 247.00 Td (September ) Tj ET Q q 0 0 0 rg BT 360.97 247.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 376.11 247.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.11 247.00 Td ( ) Tj ET Q q 0 0 0 rg BT 398.74 247.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 440.80 247.00 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.21 247.00 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 481.35 247.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.24 247.00 Td ( ) Tj ET Q q 0 0 0 rg BT 512.87 247.00 Td (for ) Tj ET Q q 0 0 0 rg BT 527.17 247.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.02 247.00 Td (three ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 235.00 Td (month ) Tj ET Q q 0 0 0 rg BT 77.74 235.00 Td (period ) Tj ET Q q 0 0 0 rg BT 105.46 235.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 131.52 235.00 Td (September ) Tj ET Q q 0 0 0 rg BT 176.46 235.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 191.15 235.00 Td (201) Tj ET Q q 0 0 0 rg BT 205.77 235.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.77 235.00 Td (, ) Tj ET Q q 0 0 0 rg BT 215.45 235.00 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.07 235.00 Td (increased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.83 235.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.01 235.00 Td (37.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.84 235.00 Td ( ) Tj ET Q q 0 0 0 rg BT 300.02 235.00 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.64 235.00 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 341.32 235.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.21 235.00 Td ( ) Tj ET Q q 0 0 0 rg BT 372.39 235.00 Td (for ) Tj ET Q q 0 0 0 rg BT 386.23 235.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.63 235.00 Td (three ) Tj ET Q q 0 0 0 rg BT 422.79 235.00 Td (month ) Tj ET Q q 0 0 0 rg BT 450.53 235.00 Td (period ) Tj ET Q q 0 0 0 rg BT 478.25 235.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 504.31 235.00 Td (June ) Tj ET Q q 0 0 0 rg BT 524.82 235.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 539.50 235.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.50 235.00 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 223.00 Td (This ) Tj ET Q q 0 0 0 rg BT 70.28 223.00 Td (change ) Tj ET Q q 0 0 0 rg BT 101.09 223.00 Td (is ) Tj ET Q q 0 0 0 rg BT 110.26 223.00 Td (the ) Tj ET Q q 0 0 0 rg BT 124.98 223.00 Td (result ) Tj ET Q q 0 0 0 rg BT 149.70 223.00 Td (of ) Tj ET Q q 0 0 0 rg BT 160.53 223.00 Td (the ) Tj ET Q q 0 0 0 rg BT 175.24 223.00 Td (business ) Tj ET Q q 0 0 0 rg BT 211.64 223.00 Td (mix ) Tj ET Q q 0 0 0 rg BT 229.69 223.00 Td (within ) Tj ET Q q 0 0 0 rg BT 257.75 223.00 Td (our ) Tj ET Q q 0 0 0 rg BT 273.58 223.00 Td (total ) Tj ET Q q 0 0 0 rg BT 293.85 223.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 332.46 223.00 Td (base.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 206.00 Td (In ) Tj ET Q q 0 0 0 rg BT 60.51 206.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.90 206.00 Td (nine ) Tj ET Q q 0 0 0 rg BT 94.29 206.00 Td (month ) Tj ET Q q 0 0 0 rg BT 122.02 206.00 Td (period ) Tj ET Q q 0 0 0 rg BT 149.74 206.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 175.80 206.00 Td (September ) Tj ET Q q 0 0 0 rg BT 220.73 206.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 235.41 206.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.41 206.00 Td (, ) Tj ET Q q 0 0 0 rg BT 260.09 206.00 Td (ceded ) Tj ET Q q 0 0 0 rg BT 285.58 206.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 323.85 206.00 Td (written ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.36 206.00 Td (increased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.11 206.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.28 206.00 Td (6.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.11 206.00 Td ( ) Tj ET Q q 0 0 0 rg BT 417.29 206.00 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.24 206.00 Td ($4.9 ) Tj ET Q q 0 0 0 rg BT 446.92 206.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.81 206.00 Td ( ) Tj ET Q q 0 0 0 rg BT 477.99 206.00 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.60 206.00 Td ($4.6 ) Tj ET Q q 0 0 0 rg BT 519.27 206.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.17 206.00 Td ( ) Tj ET Q q 0 0 0 rg BT 550.34 206.00 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 194.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.72 194.00 Td (nine ) Tj ET Q q 0 0 0 rg BT 84.43 194.00 Td (month ) Tj ET Q q 0 0 0 rg BT 112.49 194.00 Td (period ) Tj ET Q q 0 0 0 rg BT 140.54 194.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 166.91 194.00 Td (September ) Tj ET Q q 0 0 0 rg BT 212.18 194.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 227.18 194.00 Td (201) Tj ET Q q 0 0 0 rg BT 241.81 194.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.81 194.00 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 177.00 Td (Net ) Tj ET Q q 0 0 0 rg BT 67.49 177.00 Td (Pr) Tj ET Q q 0 0 0 rg BT 77.86 177.00 Td (emium ) Tj ET Q q 0 0 0 rg BT 109.61 177.00 Td (W) Tj ET Q q 0 0 0 rg BT 119.43 177.00 Td (ritten) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 160.00 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.10 160.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 103.87 160.00 Td (written ) Tj ET Q q 0 0 0 rg BT 133.86 160.00 Td (is ) Tj ET Q q 0 0 0 rg BT 142.19 160.00 Td (equal ) Tj ET Q q 0 0 0 rg BT 165.51 160.00 Td (to ) Tj ET Q q 0 0 0 rg BT 174.96 160.00 Td (gross ) Tj ET Q q 0 0 0 rg BT 197.73 160.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 235.50 160.00 Td (written ) Tj ET Q q 0 0 0 rg BT 265.49 160.00 Td (less ) Tj ET Q q 0 0 0 rg BT 282.15 160.00 Td (the ) Tj ET Q q 0 0 0 rg BT 296.03 160.00 Td (ceded ) Tj ET Q q 0 0 0 rg BT 321.01 160.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 358.78 160.00 Td (written ) Tj ET Q q 0 0 0 rg BT 388.77 160.00 Td (under ) Tj ET Q q 0 0 0 rg BT 413.20 160.00 Td (the ) Tj ET Q q 0 0 0 rg BT 427.08 160.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 450.96 160.00 Td (of ) Tj ET Q q 0 0 0 rg BT 460.59 160.00 Td (Atlas) Tj ET Q q 0 0 0 rg BT 484.29 160.00 Td ( ) Tj ET Q q 0 0 0 rg BT 485.95 160.00 Td (inforce ) Tj ET Q q 0 0 0 rg BT 515.93 160.00 Td (reinsurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 148.00 Td (treaties. ) Tj ET Q q 0 0 0 rg BT 83.50 148.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.63 148.00 Td (Net ) Tj ET Q q 0 0 0 rg BT 102.20 148.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 140.44 148.00 Td (written ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.89 148.00 Td (increased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.65 148.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.78 148.00 Td (124.9%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.61 148.00 Td ( ) Tj ET Q q 0 0 0 rg BT 243.74 148.00 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.64 148.00 Td ($21.4 ) Tj ET Q q 0 0 0 rg BT 278.27 148.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.17 148.00 Td ( ) Tj ET Q q 0 0 0 rg BT 309.30 148.00 Td (for ) Tj ET Q q 0 0 0 rg BT 323.09 148.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.43 148.00 Td (three ) Tj ET Q q 0 0 0 rg BT 359.55 148.00 Td (month ) Tj ET Q q 0 0 0 rg BT 387.24 148.00 Td (period ) Tj ET Q q 0 0 0 rg BT 414.91 148.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 440.92 148.00 Td (September ) Tj ET Q q 0 0 0 rg BT 485.82 148.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 500.45 148.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.45 148.00 Td ( ) Tj ET Q q 0 0 0 rg BT 522.58 148.00 Td (compared ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 136.00 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.78 136.00 Td ($9.5 ) Tj ET Q q 0 0 0 rg BT 89.28 136.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.17 136.00 Td ( ) Tj ET Q q 0 0 0 rg BT 120.17 136.00 Td (for ) Tj ET Q q 0 0 0 rg BT 133.83 136.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 148.05 136.00 Td (three ) Tj ET Q q 0 0 0 rg BT 170.04 136.00 Td (month ) Tj ET Q q 0 0 0 rg BT 197.60 136.00 Td (period ) Tj ET Q q 0 0 0 rg BT 225.14 136.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 251.02 136.00 Td (September ) Tj ET Q q 0 0 0 rg BT 295.79 136.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 310.29 136.00 Td (201) Tj ET Q q 0 0 0 rg BT 324.92 136.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.92 136.00 Td ( ) Tj ET Q q 0 0 0 rg BT 331.92 136.00 Td (but ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.70 136.00 Td (increased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.45 136.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.45 136.00 Td (173.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.28 136.00 Td ( ) Tj ET Q q 0 0 0 rg BT 419.28 136.00 Td (versus ) Tj ET Q q 0 0 0 rg BT 446.83 136.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.05 136.00 Td (three ) Tj ET Q q 0 0 0 rg BT 483.04 136.00 Td (month ) Tj ET Q q 0 0 0 rg BT 510.60 136.00 Td (period ) Tj ET Q q 0 0 0 rg BT 538.14 136.00 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 124.00 Td (June ) Tj ET Q q 0 0 0 rg BT 70.39 124.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 84.95 124.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.95 124.00 Td (. ) Tj ET Q q 0 0 0 rg BT 109.36 124.00 Td (These ) Tj ET Q q 0 0 0 rg BT 135.29 124.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 169.56 124.00 Td (are ) Tj ET Q q 0 0 0 rg BT 183.82 124.00 Td (attributed ) Tj ET Q q 0 0 0 rg BT 224.20 124.00 Td (to ) Tj ET Q q 0 0 0 rg BT 234.04 124.00 Td (the ) Tj ET Q q 0 0 0 rg BT 248.31 124.00 Td (combined ) Tj ET Q q 0 0 0 rg BT 289.80 124.00 Td (ef) Tj ET Q q 0 0 0 rg BT 297.39 124.00 Td (fects ) Tj ET Q q 0 0 0 rg BT 318.33 124.00 Td (of ) Tj ET Q q 0 0 0 rg BT 328.71 124.00 Td (the ) Tj ET Q q 0 0 0 rg BT 342.99 124.00 Td (issues ) Tj ET Q q 0 0 0 rg BT 368.94 124.00 Td (cited ) Tj ET Q q 0 0 0 rg BT 390.43 124.00 Td (in ) Tj ET Q q 0 0 0 rg BT 400.27 124.00 Td (the ) Tj ET Q q 0 0 0 rg BT 414.54 124.00 Td (Gross ) Tj ET Q q 0 0 0 rg BT 443.26 124.00 Td (Premium ) Tj ET Q q 0 0 0 rg BT 481.84 124.00 Td (W) Tj ET Q q 0 0 0 rg BT 490.88 124.00 Td (ritten) Tj ET Q q 0 0 0 rg BT 514.57 124.00 Td ( ) Tj ET Q q 0 0 0 rg BT 516.63 124.00 Td (and ) Tj ET Q q 0 0 0 rg BT 533.12 124.00 Td (Ceded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 112.00 Td (Premium ) Tj ET Q q 0 0 0 rg BT 88.98 112.00 Td (W) Tj ET Q q 0 0 0 rg BT 98.02 112.00 Td (ritten) Tj ET Q q 0 0 0 rg BT 121.71 112.00 Td ( ) Tj ET Q q 0 0 0 rg BT 124.21 112.00 Td (sections ) Tj ET Q q 0 0 0 rg BT 158.93 112.00 Td (above.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 95.00 Td (The ) Tj ET Q q 0 0 0 rg BT 67.46 95.00 Td (success ) Tj ET Q q 0 0 0 rg BT 99.37 95.00 Td (of ) Tj ET Q q 0 0 0 rg BT 109.61 95.00 Td (our ) Tj ET Q q 0 0 0 rg BT 124.86 95.00 Td (focus ) Tj ET Q q 0 0 0 rg BT 148.44 95.00 Td (on ) Tj ET Q q 0 0 0 rg BT 160.35 95.00 Td (commercial ) Tj ET Q q 0 0 0 rg BT 209.46 95.00 Td (auto ) Tj ET Q q 0 0 0 rg BT 228.60 95.00 Td (insurance ) Tj ET Q q 0 0 0 rg BT 268.83 95.00 Td (in ) Tj ET Q q 0 0 0 rg BT 278.52 95.00 Td (2012 ) Tj ET Q q 0 0 0 rg BT 300.44 95.00 Td (is ) Tj ET Q q 0 0 0 rg BT 309.02 95.00 Td (more ) Tj ET Q q 0 0 0 rg BT 331.48 95.00 Td (pronounced ) Tj ET Q q 0 0 0 rg BT 380.61 95.00 Td (when ) Tj ET Q q 0 0 0 rg BT 404.18 95.00 Td (viewed ) Tj ET Q q 0 0 0 rg BT 434.97 95.00 Td (in ) Tj ET Q q 0 0 0 rg BT 444.67 95.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 468.80 95.00 Td (of ) Tj ET Q q 0 0 0 rg BT 479.05 95.00 Td (net ) Tj ET Q q 0 0 0 rg BT 493.18 95.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 531.20 95.00 Td (written. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 83.00 Td (As ) Tj ET Q q 0 0 0 rg BT 62.84 83.00 Td (a ) Tj ET Q q 0 0 0 rg BT 69.00 83.00 Td (percentage ) Tj ET Q q 0 0 0 rg BT 114.02 83.00 Td (of ) Tj ET Q q 0 0 0 rg BT 124.08 83.00 Td (the ) Tj ET Q q 0 0 0 rg BT 138.02 83.00 Td (total ) Tj ET Q q 0 0 0 rg BT 157.51 83.00 Td (net ) Tj ET Q q 0 0 0 rg BT 171.46 83.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 209.28 83.00 Td (written, ) Tj ET Q q 0 0 0 rg BT 241.83 83.00 Td (commercial ) Tj ET Q q 0 0 0 rg BT 290.75 83.00 Td (auto ) Tj ET Q q 0 0 0 rg BT 309.69 83.00 Td (represented ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.50 83.00 Td (100.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.33 83.00 Td ( ) Tj ET Q q 0 0 0 rg BT 390.05 83.00 Td (for ) Tj ET Q q 0 0 0 rg BT 403.44 83.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.38 83.00 Td (three ) Tj ET Q q 0 0 0 rg BT 439.09 83.00 Td (month ) Tj ET Q q 0 0 0 rg BT 466.37 83.00 Td (period ) Tj ET Q q 0 0 0 rg BT 493.64 83.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 519.24 83.00 Td (September ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 71.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 64.10 71.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.10 71.00 Td ( ) Tj ET Q q 0 0 0 rg BT 85.70 71.00 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 101.74 71.00 Td (101.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.57 71.00 Td ( ) Tj ET Q q 0 0 0 rg BT 134.17 71.00 Td (for ) Tj ET Q q 0 0 0 rg BT 147.42 71.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.24 71.00 Td (three ) Tj ET Q q 0 0 0 rg BT 182.82 71.00 Td (month ) Tj ET Q q 0 0 0 rg BT 209.98 71.00 Td (period ) Tj ET Q q 0 0 0 rg BT 237.13 71.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 262.60 71.00 Td (June ) Tj ET Q q 0 0 0 rg BT 282.53 71.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 296.63 71.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.63 71.00 Td (, ) Tj ET Q q 0 0 0 rg BT 320.73 71.00 Td (versus ) Tj ET Q q 0 0 0 rg BT 347.88 71.00 Td (only ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.26 71.00 Td (53.3%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.09 71.00 Td ( ) Tj ET Q q 0 0 0 rg BT 394.69 71.00 Td (in ) Tj ET Q q 0 0 0 rg BT 404.06 71.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.88 71.00 Td (three ) Tj ET Q q 0 0 0 rg BT 439.47 71.00 Td (month ) Tj ET Q q 0 0 0 rg BT 466.62 71.00 Td (period ) Tj ET Q q 0 0 0 rg BT 493.77 71.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 519.24 71.00 Td (September ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 59.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 64.86 59.00 Td (201) Tj ET Q q 0 0 0 rg BT 79.49 59.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.49 59.00 Td (. ) Tj ET Q q 0 0 0 rg BT 89.34 59.00 Td ( ) Tj ET Q q 0 0 0 rg BT 91.70 59.00 Td (Premium ) Tj ET Q q 0 0 0 rg BT 130.72 59.00 Td (credits ) Tj ET Q q 0 0 0 rg BT 159.74 59.00 Td (in ) Tj ET Q q 0 0 0 rg BT 169.87 59.00 Td (the ) Tj ET Q q 0 0 0 rg BT 184.45 59.00 Td (non-standard ) Tj ET Q q 0 0 0 rg BT 239.01 59.00 Td (personal ) Tj ET Q q 0 0 0 rg BT 275.25 59.00 Td (lines ) Tj ET Q q 0 0 0 rg BT 296.49 59.00 Td (caused ) Tj ET Q q 0 0 0 rg BT 326.05 59.00 Td (the ) Tj ET Q q 0 0 0 rg BT 340.63 59.00 Td (percentage ) Tj ET Q q 0 0 0 rg BT 386.29 59.00 Td (of ) Tj ET Q q 0 0 0 rg BT 396.97 59.00 Td (core ) Tj ET Q q 0 0 0 rg BT 416.54 59.00 Td (commercial ) Tj ET Q q 0 0 0 rg BT 466.09 59.00 Td (auto ) Tj ET Q q 0 0 0 rg BT 485.67 59.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 524.13 59.00 Td (to ) Tj ET Q q 0 0 0 rg BT 534.26 59.00 Td (exceed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 47.00 Td (100% ) Tj ET Q q 0 0 0 rg BT 75.83 47.00 Td (of ) Tj ET Q q 0 0 0 rg BT 86.66 47.00 Td (the ) Tj ET Q q 0 0 0 rg BT 101.38 47.00 Td (total ) Tj ET Q q 0 0 0 rg BT 121.65 47.00 Td (net ) Tj ET Q q 0 0 0 rg BT 136.37 47.00 Td (written ) Tj ET Q q 0 0 0 rg BT 167.19 47.00 Td (premium ) Tj ET Q q 0 0 0 rg BT 205.80 47.00 Td (for ) Tj ET Q q 0 0 0 rg BT 219.96 47.00 Td (each ) Tj ET Q q 0 0 0 rg BT 240.77 47.00 Td (of ) Tj ET Q q 0 0 0 rg BT 251.60 47.00 Td (the ) Tj ET Q q 0 0 0 rg BT 266.32 47.00 Td (last ) Tj ET Q q 0 0 0 rg BT 282.71 47.00 Td (two ) Tj ET Q q 0 0 0 rg BT 300.21 47.00 Td (three ) Tj ET Q q 0 0 0 rg BT 322.69 47.00 Td (month ) Tj ET Q q 0 0 0 rg BT 350.75 47.00 Td (periods.) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 57 0 obj <>] /Rotate 0 /Contents 58 0 R>> endobj 58 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Similarly) Tj ET Q q 0 0 0 rg BT 86.57 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 92.25 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 103.21 742.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 118.60 742.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 139.00 742.10 Td (month ) Tj ET Q q 0 0 0 rg BT 167.73 742.10 Td (period ) Tj ET Q q 0 0 0 rg BT 196.46 742.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 223.52 742.10 Td (September ) Tj ET Q q 0 0 0 rg BT 269.46 742.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 285.14 742.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.14 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 310.82 742.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 361.19 742.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 381.59 742.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 423.08 742.10 Td (comprised ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.92 742.10 Td (101.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.75 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 501.92 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.43 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.83 742.10 Td (total ) Tj ET Q q 0 0 0 rg BT 549.78 742.10 Td (net ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 88.39 730.10 Td (written ) Tj ET Q q 0 0 0 rg BT 119.00 730.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 146.84 730.10 Td (just ) Tj ET Q q 0 0 0 rg BT 163.57 730.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 165.85 730.10 Td (49.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.68 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.97 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 204.03 730.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.54 730.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 238.04 730.10 Td (month ) Tj ET Q q 0 0 0 rg BT 265.88 730.10 Td (period ) Tj ET Q q 0 0 0 rg BT 293.71 730.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 319.87 730.10 Td (September ) Tj ET Q q 0 0 0 rg BT 364.92 730.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 379.71 730.10 Td (201) Tj ET Q q 0 0 0 rg BT 394.34 730.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.34 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 404.12 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 405.90 730.10 Td (As ) Tj ET Q q 0 0 0 rg BT 419.30 730.10 Td (indicated ) Tj ET Q q 0 0 0 rg BT 458.24 730.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 486.90 730.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 525.29 730.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 554.23 730.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.76 718.10 Td (non-standard ) Tj ET Q q 0 0 0 rg BT 119.51 718.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 155.93 718.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 177.36 718.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 207.11 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.87 718.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 267.71 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.59 718.10 Td (core ) Tj ET Q q 0 0 0 rg BT 298.34 718.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 348.08 718.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 367.84 718.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 406.48 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.80 718.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 447.10 718.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 472.97 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.85 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.61 718.10 Td (total ) Tj ET Q q 0 0 0 rg BT 518.92 718.10 Td (net ) Tj ET Q q 0 0 0 rg BT 533.68 718.10 Td (written ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 88.60 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 102.76 706.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.48 706.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 137.20 706.10 Td (month ) Tj ET Q q 0 0 0 rg BT 165.25 706.10 Td (period ) Tj ET Q q 0 0 0 rg BT 193.30 706.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 219.68 706.10 Td (September ) Tj ET Q q 0 0 0 rg BT 264.94 706.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 279.94 706.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.94 706.10 Td (.) 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0 0 rg BT 422.17 590.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.17 590.10 Td (, ) Tj ET Q q 0 0 0 rg BT 446.65 590.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.07 590.10 Td (161.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.90 590.10 Td ( ) Tj ET Q q 0 0 0 rg BT 485.88 590.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.86 590.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.62 590.10 Td ( ) Tj ET Q q 0 0 0 rg BT 522.60 590.10 Td (compared ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 578.10 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.08 578.10 Td ($4,013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.58 578.10 Td ( ) Tj ET Q q 0 0 0 rg BT 99.88 578.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.96 578.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 124.48 578.10 Td (three ) Tj ET Q q 0 0 0 rg BT 146.77 578.10 Td (month ) Tj ET Q q 0 0 0 rg BT 174.63 578.10 Td (period ) Tj ET Q q 0 0 0 rg BT 202.48 578.10 Td (ended ) Tj ET Q q 0 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10.00 Tf ET q 0 0 0 rg BT 513.44 566.10 Td ( ) Tj ET Q q 0 0 0 rg BT 516.76 566.10 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.51 566.10 Td ($21.9 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 554.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 554.10 Td (, ) Tj ET Q q 0 0 0 rg BT 83.89 554.10 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.83 554.10 Td (91.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.66 554.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 119.16 554.10 Td (increase) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.91 554.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.41 554.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 196.34 554.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.62 554.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.33 554.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 241.05 554.10 Td (month ) Tj ET Q q 0 0 0 rg BT 269.11 554.10 Td (period ) Tj ET Q q 0 0 0 rg BT 297.15 554.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 323.53 554.10 Td (September ) Tj ET Q q 0 0 0 rg BT 368.79 554.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 383.79 554.10 Td (201) Tj ET Q q 0 0 0 rg BT 398.42 554.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.42 554.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 537.10 Td (Claims ) Tj ET Q q 0 0 0 rg BT 82.50 537.10 Td (Incurr) Tj ET Q q 0 0 0 rg BT 110.65 537.10 Td (ed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.83 520.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 85.68 520.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 106.29 520.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 139.12 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.18 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.68 520.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 192.07 520.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 227.67 520.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.73 520.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.24 520.10 Td (three ) Tj ET Q q 0 0 0 rg BT 274.51 520.10 Td (month ) Tj ET Q q 0 0 0 rg BT 302.35 520.10 Td (period ) Tj ET Q q 0 0 0 rg BT 330.18 520.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 356.34 520.10 Td (September ) Tj ET Q q 0 0 0 rg BT 401.39 520.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 416.18 520.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.18 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 438.46 520.10 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.30 520.10 Td (65.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.13 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 484.41 520.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 526.12 520.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.19 520.10 Td (79.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.02 520.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 508.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 508.10 Td (three ) Tj ET Q q 0 0 0 rg BT 97.48 508.10 Td (month ) Tj ET Q q 0 0 0 rg BT 125.54 508.10 Td (period ) Tj ET Q q 0 0 0 rg BT 153.58 508.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 179.96 508.10 Td (September ) Tj ET Q q 0 0 0 rg BT 225.22 508.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 240.22 508.10 Td (201) Tj ET Q q 0 0 0 rg BT 254.85 508.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.85 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.35 508.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.29 508.10 Td (71.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.12 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 307.62 508.10 Td (for ) Tj ET Q q 0 0 0 rg BT 321.78 508.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.50 508.10 Td (three ) Tj ET Q q 0 0 0 rg BT 358.98 508.10 Td (month ) Tj ET Q q 0 0 0 rg BT 387.04 508.10 Td (period ) Tj ET Q q 0 0 0 rg BT 415.09 508.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 441.46 508.10 Td (June ) Tj ET Q q 0 0 0 rg BT 462.29 508.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 477.29 508.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.29 508.10 Td (. ) Tj ET Q q 0 0 0 rg BT 502.29 508.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 491.10 Td (For ) Tj ET Q q 0 0 0 rg BT 66.78 491.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.89 491.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 102.00 491.10 Td (month ) Tj ET Q q 0 0 0 rg BT 130.45 491.10 Td (period ) Tj ET Q q 0 0 0 rg BT 158.89 491.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 185.66 491.10 Td (September ) Tj ET Q q 0 0 0 rg BT 231.31 491.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 246.71 491.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.71 491.10 Td (, ) Tj ET Q q 0 0 0 rg BT 272.10 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.21 491.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 305.66 491.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 326.88 491.10 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.32 491.10 Td (69.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.15 491.10 Td (, ) Tj ET Q q 0 0 0 rg BT 376.54 491.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 418.86 491.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.53 491.10 Td (77.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.36 491.10 Td ( ) Tj ET Q q 0 0 0 rg BT 458.25 491.10 Td (for ) Tj ET Q q 0 0 0 rg BT 472.80 491.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.91 491.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 508.02 491.10 Td (month ) Tj ET Q q 0 0 0 rg BT 536.47 491.10 Td (period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 479.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 76.38 479.10 Td (September ) Tj ET Q q 0 0 0 rg BT 121.64 479.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 136.64 479.10 Td (201) Tj ET Q q 0 0 0 rg BT 151.27 479.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.27 479.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 462.10 Td (Loss ) Tj ET Q q 0 0 0 rg BT 71.32 462.10 Td (ratios ) Tj ET Q q 0 0 0 rg BT 95.97 462.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 136.73 462.10 Td (in ) Tj ET Q q 0 0 0 rg BT 146.94 462.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.59 462.10 Td (three ) Tj ET Q q 0 0 0 rg BT 184.00 462.10 Td (month ) Tj ET Q q 0 0 0 rg BT 211.99 462.10 Td (period ) Tj ET Q q 0 0 0 rg BT 239.97 462.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 266.28 462.10 Td (September ) Tj ET Q q 0 0 0 rg BT 311.47 462.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 326.41 462.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.41 462.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.84 462.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 381.25 462.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.46 462.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 413.33 462.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 447.52 462.10 Td (This ) Tj ET Q q 0 0 0 rg BT 467.73 462.10 Td (is ) Tj ET Q q 0 0 0 rg BT 476.84 462.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 516.48 462.10 Td (attributable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 450.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.10 450.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.63 450.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 114.70 450.10 Td (composition ) Tj ET Q q 0 0 0 rg BT 166.47 450.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.11 450.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 226.63 450.10 Td (auto ) Tj ET Q q 0 0 0 rg BT 246.17 450.10 Td (as ) Tj ET Q q 0 0 0 rg BT 256.81 450.10 Td (a ) Tj ET Q q 0 0 0 rg BT 263.57 450.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 309.19 450.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.84 450.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.37 450.10 Td (total ) Tj ET Q q 0 0 0 rg BT 354.46 450.10 Td (written ) Tj ET Q q 0 0 0 rg BT 385.11 450.10 Td (premium, ) Tj ET Q q 0 0 0 rg BT 426.03 450.10 Td (which ) Tj ET Q q 0 0 0 rg BT 452.79 450.10 Td (has ) Tj ET Q q 0 0 0 rg BT 468.44 450.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 515.74 450.10 Td (had ) Tj ET Q q 0 0 0 rg BT 532.50 450.10 Td (a ) Tj ET Q q 0 0 0 rg BT 539.26 450.10 Td (better ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 438.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 80.72 438.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 135.34 438.10 Td (result. ) Tj ET Q q 0 0 0 rg BT 163.02 438.10 Td (Further) Tj ET Q q 0 0 0 rg BT 192.06 438.10 Td (, ) Tj ET Q q 0 0 0 rg BT 197.52 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.69 438.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 241.75 438.10 Td (taxi ) Tj ET Q q 0 0 0 rg BT 259.71 438.10 Td (program ) Tj ET Q q 0 0 0 rg BT 296.54 438.10 Td (also ) Tj ET Q q 0 0 0 rg BT 315.61 438.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 364.12 438.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 417.07 438.10 Td (to ) Tj ET Q q 0 0 0 rg BT 427.81 438.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 468.52 438.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 487.04 438.10 Td (results ) Tj ET Q q 0 0 0 rg BT 516.11 438.10 Td (in ) Tj ET Q q 0 0 0 rg BT 526.85 438.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.03 438.10 Td (three ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 426.10 Td (month ) Tj ET Q q 0 0 0 rg BT 78.30 426.10 Td (period ) Tj ET Q q 0 0 0 rg BT 106.59 426.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 133.21 426.10 Td (September ) Tj ET Q q 0 0 0 rg BT 178.71 426.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 193.95 426.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.95 426.10 Td ( ) Tj ET Q q 0 0 0 rg BT 216.69 426.10 Td (as ) Tj ET Q q 0 0 0 rg BT 227.77 426.10 Td (we ) Tj ET Q q 0 0 0 rg BT 242.17 426.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 271.00 426.10 Td (better ) Tj ET Q q 0 0 0 rg BT 296.51 426.10 Td (than ) Tj ET Q q 0 0 0 rg BT 316.47 426.10 Td (average ) Tj ET Q q 0 0 0 rg BT 350.29 426.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 375.25 426.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 421.29 426.10 Td (from ) Tj ET Q q 0 0 0 rg BT 443.47 426.10 Td (this ) Tj ET Q q 0 0 0 rg BT 460.66 426.10 Td (program. ) Tj ET Q q 0 0 0 rg BT 499.58 426.10 Td (W) Tj ET Q q 0 0 0 rg BT 508.22 426.10 Td (e ) Tj ET Q q 0 0 0 rg BT 515.40 426.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 547.01 426.10 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 414.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.27 414.10 Td (extensive ) Tj ET Q q 0 0 0 rg BT 104.98 414.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 150.22 414.10 Td (and ) Tj ET Q q 0 0 0 rg BT 166.60 414.10 Td (expertise ) Tj ET Q q 0 0 0 rg BT 204.64 414.10 Td (with ) Tj ET Q q 0 0 0 rg BT 224.36 414.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 254.62 414.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.34 414.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 317.94 414.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.32 414.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 362.36 414.10 Td (management ) Tj ET Q q 0 0 0 rg BT 415.39 414.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.11 414.10 Td (all ) Tj ET Q q 0 0 0 rg BT 437.05 414.10 Td (our ) Tj ET Q q 0 0 0 rg BT 452.32 414.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 501.46 414.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 522.29 414.10 Td (will ) Tj ET Q q 0 0 0 rg BT 539.79 414.10 Td (allow ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 402.10 Td (us ) Tj ET Q q 0 0 0 rg BT 61.39 402.10 Td (to ) Tj ET Q q 0 0 0 rg BT 71.67 402.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 108.60 402.10 Td (this ) Tj ET Q q 0 0 0 rg BT 125.54 402.10 Td (decreasing ) Tj ET Q q 0 0 0 rg BT 170.79 402.10 Td (trend ) Tj ET Q q 0 0 0 rg BT 193.84 402.10 Td (since ) Tj ET Q q 0 0 0 rg BT 216.88 402.10 Td (we ) Tj ET Q q 0 0 0 rg BT 231.04 402.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 259.63 402.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 285.46 402.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.29 402.10 Td (net ) Tj ET Q q 0 0 0 rg BT 311.00 402.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 340.14 402.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 378.75 402.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.02 402.10 Td (be ) Tj ET Q q 0 0 0 rg BT 400.96 402.10 Td (related ) Tj ET Q q 0 0 0 rg BT 430.66 402.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.93 402.10 Td (core ) Tj ET Q q 0 0 0 rg BT 460.64 402.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 482.02 402.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.85 402.10 Td (business ) Tj ET Q q 0 0 0 rg BT 529.24 402.10 Td (in ) Tj ET Q q 0 0 0 rg BT 539.51 402.10 Td (2013. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 390.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 390.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 109.43 390.10 Td (is ) Tj ET Q q 0 0 0 rg BT 118.60 390.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 163.87 390.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.15 390.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 199.41 390.10 Td (this ) Tj ET Q q 0 0 0 rg BT 216.36 390.10 Td (claim ) Tj ET Q q 0 0 0 rg BT 241.07 390.10 Td (handling ) Tj ET Q q 0 0 0 rg BT 278.57 390.10 Td (expertise ) Tj ET Q q 0 0 0 rg BT 317.16 390.10 Td (as ) Tj ET Q q 0 0 0 rg BT 327.99 390.10 Td (a ) Tj ET Q q 0 0 0 rg BT 334.93 390.10 Td (core ) Tj ET Q q 0 0 0 rg BT 354.64 390.10 Td (competency ) Tj ET Q q 0 0 0 rg BT 405.45 390.10 Td (as ) Tj ET Q q 0 0 0 rg BT 416.28 390.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.00 390.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 463.49 390.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.32 390.10 Td (business ) Tj ET Q q 0 0 0 rg BT 510.71 390.10 Td (increases.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 101.40 373.10 Td (Costs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 356.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 99.38 356.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 122.09 356.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 161.45 356.10 Td (commissions ) Tj ET Q q 0 0 0 rg BT 216.39 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.54 356.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 256.80 356.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 292.82 356.10 Td (on ) Tj ET Q q 0 0 0 rg BT 305.54 356.10 Td (net ) Tj ET Q q 0 0 0 rg BT 320.47 356.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 359.28 356.10 Td (earned. ) Tj ET Q q 0 0 0 rg BT 391.14 356.10 Td ( ) Tj ET Q q 0 0 0 rg BT 393.25 356.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 442.63 356.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 465.34 356.10 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.48 356.10 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 507.70 356.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.59 356.10 Td ( ) Tj ET Q q 0 0 0 rg BT 539.30 356.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 356.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (three ) Tj ET Q q 0 0 0 rg BT 72.34 344.10 Td (month ) Tj ET Q q 0 0 0 rg BT 100.24 344.10 Td (period ) Tj ET Q q 0 0 0 rg BT 128.14 344.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 154.37 344.10 Td (September ) Tj ET Q q 0 0 0 rg BT 199.48 344.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 214.34 344.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.34 344.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.69 344.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.37 344.10 Td (16.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.20 344.10 Td ( ) Tj ET Q q 0 0 0 rg BT 275.55 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.23 344.10 Td (net ) Tj ET Q q 0 0 0 rg BT 300.80 344.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 339.25 344.10 Td (earned, ) Tj ET Q q 0 0 0 rg BT 370.75 344.10 Td (as ) Tj ET Q q 0 0 0 rg BT 381.43 344.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 423.21 344.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.33 344.10 Td (19.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.17 344.10 Td ( ) Tj ET Q q 0 0 0 rg BT 461.52 344.10 Td (in ) Tj ET Q q 0 0 0 rg BT 471.65 344.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.21 344.10 Td (three ) Tj ET Q q 0 0 0 rg BT 508.55 344.10 Td (month ) Tj ET Q q 0 0 0 rg BT 536.46 344.10 Td (period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 332.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 76.38 332.10 Td (September ) Tj ET Q q 0 0 0 rg BT 121.64 332.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 136.64 332.10 Td (201) Tj ET Q q 0 0 0 rg BT 151.27 332.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.27 332.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.77 332.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.71 332.10 Td (18.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.54 332.10 Td ( ) Tj ET Q q 0 0 0 rg BT 204.04 332.10 Td (in ) Tj ET Q q 0 0 0 rg BT 214.32 332.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.03 332.10 Td (three ) Tj ET Q q 0 0 0 rg BT 251.52 332.10 Td (month ) Tj ET Q q 0 0 0 rg BT 279.58 332.10 Td (period ) Tj ET Q q 0 0 0 rg BT 307.62 332.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 334.00 332.10 Td (June ) Tj ET Q q 0 0 0 rg BT 354.83 332.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 369.83 332.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.83 332.10 Td (. ) Tj ET Q q 0 0 0 rg BT 394.83 332.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 315.10 Td (For ) Tj ET Q q 0 0 0 rg BT 66.19 315.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.70 315.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 100.21 315.10 Td (month ) Tj ET Q q 0 0 0 rg BT 128.06 315.10 Td (period ) Tj ET Q q 0 0 0 rg BT 155.90 315.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 182.07 315.10 Td (September ) Tj ET Q q 0 0 0 rg BT 227.13 315.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 241.92 315.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.92 315.10 Td (, ) Tj ET Q q 0 0 0 rg BT 266.71 315.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.23 315.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 301.84 315.10 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.69 315.10 Td (17.1%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.52 315.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.81 315.10 Td (as ) Tj ET Q q 0 0 0 rg BT 358.44 315.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 400.16 315.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.23 315.10 Td (20.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.06 315.10 Td ( ) Tj ET Q q 0 0 0 rg BT 438.35 315.10 Td (in ) Tj ET Q q 0 0 0 rg BT 448.42 315.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.94 315.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 482.45 315.10 Td (month ) Tj ET Q q 0 0 0 rg BT 510.30 315.10 Td (period ) Tj ET Q q 0 0 0 rg BT 538.14 315.10 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 303.10 Td (September ) Tj ET Q q 0 0 0 rg BT 95.26 303.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 110.26 303.10 Td (201) Tj ET Q q 0 0 0 rg BT 124.89 303.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.89 303.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.95 286.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 108.11 286.10 Td (trend ) Tj ET Q q 0 0 0 rg BT 131.06 286.10 Td (in ) Tj ET Q q 0 0 0 rg BT 141.24 286.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 187.53 286.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 209.93 286.10 Td (is ) Tj ET Q q 0 0 0 rg BT 219.00 286.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 258.62 286.10 Td (due ) Tj ET Q q 0 0 0 rg BT 275.46 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.64 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.27 286.10 Td (shift ) Tj ET Q q 0 0 0 rg BT 320.45 286.10 Td (away ) Tj ET Q q 0 0 0 rg BT 343.95 286.10 Td (from ) Tj ET Q q 0 0 0 rg BT 365.79 286.10 Td (non-standard ) Tj ET Q q 0 0 0 rg BT 420.40 286.10 Td (automobile ) Tj ET Q q 0 0 0 rg BT 467.80 286.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 508.52 286.10 Td (which ) Tj ET Q q 0 0 0 rg BT 535.36 286.10 Td (carries ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 78.05 274.10 Td (commission ) Tj ET Q q 0 0 0 rg BT 128.88 274.10 Td (rates.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 257.10 Td (Other) Tj ET Q q 0 0 0 rg BT 75.37 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.87 257.10 Td (Underwriting ) Tj ET Q q 0 0 0 rg BT 138.70 257.10 Td (Expenses ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 240.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.00 240.10 Td (other ) Tj ET Q q 0 0 0 rg BT 91.00 240.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 145.11 240.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 179.78 240.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 200.56 240.10 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.56 240.10 Td (15.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.39 240.10 Td ( ) Tj ET Q q 0 0 0 rg BT 246.85 240.10 Td (in ) Tj ET Q q 0 0 0 rg BT 257.08 240.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.75 240.10 Td (three ) Tj ET Q q 0 0 0 rg BT 294.19 240.10 Td (month ) Tj ET Q q 0 0 0 rg BT 322.21 240.10 Td (period ) Tj ET Q q 0 0 0 rg BT 350.21 240.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 376.54 240.10 Td (September ) Tj ET Q q 0 0 0 rg BT 421.76 240.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 436.71 240.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.71 240.10 Td ( ) Tj ET Q q 0 0 0 rg BT 459.17 240.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 501.05 240.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.28 240.10 Td (20.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.11 240.10 Td ( ) Tj ET Q q 0 0 0 rg BT 539.57 240.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 240.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td (three ) Tj ET Q q 0 0 0 rg BT 71.65 228.10 Td (month ) Tj ET Q q 0 0 0 rg BT 98.86 228.10 Td (period ) Tj ET Q q 0 0 0 rg BT 126.07 228.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 151.61 228.10 Td (September ) Tj ET Q q 0 0 0 rg BT 196.03 228.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 210.19 228.10 Td (201) Tj ET Q q 0 0 0 rg BT 224.82 228.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.82 228.10 Td ( ) Tj ET Q q 0 0 0 rg BT 231.48 228.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.58 228.10 Td (21.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.41 228.10 Td ( ) Tj ET Q q 0 0 0 rg BT 275.07 228.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.51 228.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.38 228.10 Td (three ) Tj ET Q q 0 0 0 rg BT 320.03 228.10 Td (month ) Tj ET Q q 0 0 0 rg BT 347.25 228.10 Td (period ) Tj ET Q q 0 0 0 rg BT 374.45 228.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 399.99 228.10 Td (June ) Tj ET Q q 0 0 0 rg BT 419.98 228.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 434.14 228.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.14 228.10 Td (. ) Tj ET Q q 0 0 0 rg BT 458.18 228.10 Td (This ) Tj ET Q q 0 0 0 rg BT 477.62 228.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 508.15 228.10 Td (is ) Tj ET Q q 0 0 0 rg BT 516.48 228.10 Td (attributable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.57 216.10 Td (a ) Tj ET Q q 0 0 0 rg BT 67.79 216.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 112.79 216.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 148.33 216.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.90 216.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 197.79 216.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 227.23 216.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.79 216.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.80 216.10 Td (three ) Tj ET Q q 0 0 0 rg BT 275.57 216.10 Td (month ) Tj ET Q q 0 0 0 rg BT 303.92 216.10 Td (period ) Tj ET Q q 0 0 0 rg BT 332.25 216.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 358.92 216.10 Td (September ) Tj ET Q q 0 0 0 rg BT 404.47 216.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 419.76 216.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.76 216.10 Td ( ) Tj ET Q q 0 0 0 rg BT 442.54 216.10 Td (as ) Tj ET Q q 0 0 0 rg BT 453.66 216.10 Td (well ) Tj ET Q q 0 0 0 rg BT 473.67 216.10 Td (as ) Tj ET Q q 0 0 0 rg BT 484.79 216.10 Td (a ) Tj ET Q q 0 0 0 rg BT 492.01 216.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 532.56 216.10 Td (in ) Tj ET Q q 0 0 0 rg BT 543.13 216.10 Td (head ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (count ) Tj ET Q q 0 0 0 rg BT 74.72 204.10 Td (since ) Tj ET Q q 0 0 0 rg BT 97.76 204.10 Td (201) Tj ET Q q 0 0 0 rg BT 112.39 204.10 Td (1.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (For ) Tj ET Q q 0 0 0 rg BT 65.79 187.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 79.91 187.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 99.03 187.10 Td (month ) Tj ET Q q 0 0 0 rg BT 126.49 187.10 Td (period ) Tj ET Q q 0 0 0 rg BT 153.94 187.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 179.72 187.10 Td (September ) Tj ET Q q 0 0 0 rg BT 224.38 187.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 238.78 187.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.78 187.10 Td (, ) Tj ET Q q 0 0 0 rg BT 263.19 187.10 Td (this ) Tj ET Q q 0 0 0 rg BT 279.54 187.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 299.76 187.10 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.22 187.10 Td (18.5%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.05 187.10 Td (, ) Tj ET Q q 0 0 0 rg BT 347.45 187.10 Td (as ) Tj ET Q q 0 0 0 rg BT 357.68 187.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 399.01 187.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.69 187.10 Td (21.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.52 187.10 Td ( ) Tj ET Q q 0 0 0 rg BT 436.42 187.10 Td (for ) Tj ET Q q 0 0 0 rg BT 449.98 187.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.10 187.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 483.22 187.10 Td (month ) Tj ET Q q 0 0 0 rg BT 510.68 187.10 Td (period ) Tj ET Q q 0 0 0 rg BT 538.13 187.10 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (September ) Tj ET Q q 0 0 0 rg BT 95.22 175.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 110.18 175.10 Td (201) Tj ET Q q 0 0 0 rg BT 124.81 175.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.81 175.10 Td (. ) Tj ET Q q 0 0 0 rg BT 134.77 175.10 Td (However) Tj ET Q q 0 0 0 rg BT 171.02 175.10 Td (, ) Tj ET Q q 0 0 0 rg BT 175.97 175.10 Td (201) Tj ET Q q 0 0 0 rg BT 190.60 175.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 198.06 175.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 233.84 175.10 Td ($627,000 ) Tj ET Q q 0 0 0 rg BT 273.80 175.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.04 175.10 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 341.47 175.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 380.02 175.10 Td (\(detailed ) Tj ET Q q 0 0 0 rg BT 417.46 175.10 Td (below\) ) Tj ET Q q 0 0 0 rg BT 447.69 175.10 Td (which ) Tj ET Q q 0 0 0 rg BT 474.58 175.10 Td (unfavorably ) Tj ET Q q 0 0 0 rg BT 525.36 175.10 Td (impacted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.10 163.10 Td (year) Tj ET Q q 0 0 0 rg BT 82.11 163.10 Td (-to-date ) Tj ET Q q 0 0 0 rg BT 116.09 163.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 137.30 163.10 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 150.19 163.10 Td (2.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.02 163.10 Td (. ) Tj ET Q q 0 0 0 rg BT 175.77 163.10 Td (After ) Tj ET Q q 0 0 0 rg BT 199.76 163.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 246.53 163.10 Td (for ) Tj ET Q q 0 0 0 rg BT 261.07 163.10 Td (these ) Tj ET Q q 0 0 0 rg BT 284.51 163.10 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 342.37 163.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 383.86 163.10 Td (other ) Tj ET Q q 0 0 0 rg BT 407.29 163.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 461.83 163.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 500.82 163.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 540.91 163.10 Td (static ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td (year ) Tj ET Q q 0 0 0 rg BT 69.71 151.10 Td (over ) Tj ET Q q 0 0 0 rg BT 89.98 151.10 Td (year) Tj ET Q q 0 0 0 rg BT 106.63 151.10 Td (.) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 59 0 obj <>] /Rotate 0 /Contents 60 0 R>> endobj 60 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (29) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 739.25 Td (First ) Tj ET Q q 0 0 0 rg BT 73.05 739.25 Td (Quarter) Tj ET Q q 0 0 0 rg BT 107.85 739.25 Td ( ) Tj ET Q q 0 0 0 rg BT 110.35 739.25 Td (201) Tj ET Q q 0 0 0 rg BT 124.80 739.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 132.30 739.25 Td (Non-r) Tj ET Q q 0 0 0 rg BT 157.67 739.25 Td (ecurring ) Tj ET Q q 0 0 0 rg BT 196.83 739.25 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 238.78 739.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 252.95 739.25 Td ('000s\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 709.50 175.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 709.50 256.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 709.50 81.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 685.50 175.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 685.50 256.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 685.50 81.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 661.50 175.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 661.50 256.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 661.50 81.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 733.5 m 225.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 709.5 m 225.5 709.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 733.5 m 481.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 709.5 m 481.5 709.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 733.5 m 562.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 709.5 m 562.5 709.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 649.5 m 225.5 649.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 649.5 m 481.5 649.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 649.5 m 562.5 649.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 649.5 m 225.5 649.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 638.5 m 225.5 638.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 636.5 m 225.5 636.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 649.5 m 481.5 649.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 638.5 m 481.5 638.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 636.5 m 481.5 636.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 649.5 m 562.5 649.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 638.5 m 562.5 638.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 636.5 m 562.5 636.5 l s BT /F3 10.00 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0 rg BT 100.27 594.45 Td (Results ) Tj ET Q q 0 0 0 rg BT 133.89 594.45 Td (\(in ) Tj ET Q q 0 0 0 rg BT 148.06 594.45 Td ('000s\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 538.70 212.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 538.70 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 538.70 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 538.70 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 538.70 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 538.70 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 538.70 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 538.70 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 516.70 212.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 516.70 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 516.70 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 516.70 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 516.70 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 516.70 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 516.70 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 516.70 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 494.70 212.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 494.70 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 494.70 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 494.70 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 494.70 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 494.70 72.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 494.70 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 494.70 72.00 -11.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 588.7 m 334.5 588.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 573.7 m 334.5 573.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 588.7 m 338.5 588.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 573.7 m 338.5 573.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 588.7 m 410.5 588.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 573.7 m 410.5 573.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 588.7 m 414.5 588.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 573.7 m 414.5 573.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 588.7 m 486.5 588.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 573.7 m 486.5 573.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 588.7 m 490.5 588.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 573.7 m 490.5 573.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 588.7 m 562.5 588.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 573.7 m 562.5 573.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 573.7 m 334.5 573.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 549.7 m 334.5 549.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 573.7 m 338.5 573.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 549.7 m 338.5 549.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 573.7 m 410.5 573.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 549.7 m 410.5 549.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 573.7 m 414.5 573.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 549.7 m 414.5 549.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 573.7 m 486.5 573.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 549.7 m 486.5 549.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 573.7 m 490.5 573.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 549.7 m 490.5 549.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 573.7 m 562.5 573.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 549.7 m 562.5 549.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 549.7 m 334.5 549.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 549.7 m 410.5 549.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 549.7 m 486.5 549.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 549.7 m 562.5 549.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 483.7 m 334.5 483.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 483.7 m 338.5 483.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 483.7 m 410.5 483.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 483.7 m 414.5 483.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 483.7 m 486.5 483.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 483.7 m 490.5 483.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 483.7 m 562.5 483.7 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 275.10 578.38 Td (Three Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 429.75 578.38 Td (Nine Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 267.50 564.38 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 288.00 554.38 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 343.50 564.38 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 364.25 554.38 Td (2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 419.50 564.38 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 440.00 554.38 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 495.50 564.38 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 516.25 554.38 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 540.32 Td (A) Tj ET Q q 0 0 0 rg BT 59.48 540.32 Td (verage securities at cost) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 154.71 544.85 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.00 540.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.15 540.32 Td (120,734) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.00 540.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.15 540.32 Td (144,028) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.00 540.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 540.32 Td (123,245) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 540.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.15 540.32 Td (153,753) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 529.32 Td (Interest income after expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.65 529.32 Td (613) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.65 529.32 Td (719) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.15 529.32 Td (1,878) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 529.32 Td (2,651) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 518.66 Td (Percent earned on average investments \(annualized\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.15 518.32 Td (2.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.65 518.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.15 518.32 Td (2.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.65 518.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.15 518.32 Td (2.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.65 518.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 518.32 Td (2.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 518.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 507.32 Td (Net realized gains) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.00 507.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.65 507.32 Td (779) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.00 507.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 507.32 Td (1,962) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.00 507.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.15 507.32 Td (1,098) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 507.32 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 507.32 Td (2,813) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 496.32 Td (Total investment income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.15 496.32 Td (1,392) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 496.32 Td (2,681) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.15 496.32 Td (2,976) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 496.32 Td (5,464) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 485.32 Td (Total realized yield \(annualized\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.15 485.32 Td (4.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.65 485.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.15 485.32 Td (7.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.65 485.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.15 485.32 Td (3.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.65 485.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 485.32 Td (4.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 485.32 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 467.20 Td (1 ) Tj ET Q q 0 0 0 rg BT 57.50 467.20 Td (- ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 63.33 467.20 Td (includes ) Tj ET Q q 0 0 0 rg BT 91.99 467.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 108.21 467.20 Td (as ) Tj ET Q q 0 0 0 rg BT 116.87 467.20 Td (well ) Tj ET Q q 0 0 0 rg BT 132.64 467.20 Td (as ) Tj ET Q q 0 0 0 rg BT 141.31 467.20 Td (the ) Tj ET Q q 0 0 0 rg BT 153.08 467.20 Td (investment ) Tj ET Q q 0 0 0 rg BT 190.19 467.20 Td (in ) Tj ET Q q 0 0 0 rg BT 198.41 467.20 Td (Oak ) Tj ET Q q 0 0 0 rg BT 213.74 467.20 Td (Street ) Tj ET Q q 0 0 0 rg BT 234.40 467.20 Td (\(see ) Tj ET Q q 0 0 0 rg BT 249.28 467.20 Td (note ) Tj ET Q q 0 0 0 rg BT 265.05 467.20 Td (5 ) Tj ET Q q 0 0 0 rg BT 271.05 467.20 Td (to ) Tj ET Q q 0 0 0 rg BT 279.27 467.20 Td (condensed ) Tj ET Q q 0 0 0 rg BT 315.04 467.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 357.47 467.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 387.46 467.20 Td (statements\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 450.20 Td (Investment ) Tj ET Q q 0 0 0 rg BT 97.31 450.20 Td (income ) Tj ET Q q 0 0 0 rg BT 129.61 450.20 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 175.25 450.20 Td (net ) Tj ET Q q 0 0 0 rg BT 190.34 450.20 Td (realized ) Tj ET Q q 0 0 0 rg BT 224.85 450.20 Td (gains\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.16 450.20 Td (decreased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.58 450.20 Td ( ) Tj ET Q q 0 0 0 rg BT 294.45 450.20 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.32 450.20 Td (14.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 450.20 Td ( ) Tj ET Q q 0 0 0 rg BT 336.02 450.20 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.67 450.20 Td ($613) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.67 450.20 Td (,000 ) Tj ET Q q 0 0 0 rg BT 387.05 450.20 Td (in ) Tj ET Q q 0 0 0 rg BT 397.70 450.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.79 450.20 Td (three ) Tj ET Q q 0 0 0 rg BT 435.65 450.20 Td (month ) Tj ET Q q 0 0 0 rg BT 464.07 450.20 Td (period ) Tj ET Q q 0 0 0 rg BT 492.49 450.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 519.24 450.20 Td (September ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 438.20 Td (30, ) Tj ET Q q 0 0 0 rg BT 64.83 438.20 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.83 438.20 Td (, ) Tj ET Q q 0 0 0 rg BT 89.67 438.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 131.43 438.20 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 141.54 438.20 Td ($719) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 161.54 438.20 Td (,000 ) Tj ET Q q 0 0 0 rg BT 181.37 438.20 Td (in ) Tj ET Q q 0 0 0 rg BT 191.48 438.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.04 438.20 Td (three ) Tj ET Q q 0 0 0 rg BT 228.35 438.20 Td (month ) Tj ET Q q 0 0 0 rg BT 256.25 438.20 Td (period ) Tj ET Q q 0 0 0 rg BT 284.13 438.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 310.34 438.20 Td (September ) Tj ET Q q 0 0 0 rg BT 355.43 438.20 Td (30, ) Tj ET Q q 0 0 0 rg BT 370.27 438.20 Td (201) Tj ET Q q 0 0 0 rg BT 384.90 438.20 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.90 438.20 Td (, ) Tj ET Q q 0 0 0 rg BT 394.73 438.20 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.50 438.20 Td (decreased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.92 438.20 Td ( ) Tj ET Q q 0 0 0 rg BT 453.25 438.20 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.59 438.20 Td (6.8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.42 438.20 Td ( ) Tj ET Q q 0 0 0 rg BT 488.75 438.20 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.52 438.20 Td ($657) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.52 438.20 Td (,000 ) Tj ET Q q 0 0 0 rg BT 550.36 438.20 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 426.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.38 426.20 Td (three ) Tj ET Q q 0 0 0 rg BT 86.53 426.20 Td (month ) Tj ET Q q 0 0 0 rg BT 114.25 426.20 Td (period ) Tj ET Q q 0 0 0 rg BT 141.96 426.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 168.01 426.20 Td (June ) Tj ET Q q 0 0 0 rg BT 188.50 426.20 Td (30, ) Tj ET Q q 0 0 0 rg BT 203.16 426.20 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.16 426.20 Td (. ) Tj ET Q q 0 0 0 rg BT 227.67 426.20 Td (These ) Tj ET Q q 0 0 0 rg BT 253.71 426.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 289.77 426.20 Td (are ) Tj ET Q q 0 0 0 rg BT 304.14 426.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 343.51 426.20 Td (comprised ) Tj ET Q q 0 0 0 rg BT 387.33 426.20 Td (of ) Tj ET Q q 0 0 0 rg BT 397.83 426.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 429.43 426.20 Td (income. ) Tj ET Q q 0 0 0 rg BT 463.37 426.20 Td (This ) Tj ET Q q 0 0 0 rg BT 483.31 426.20 Td (is ) Tj ET Q q 0 0 0 rg BT 492.14 426.20 Td (attributable ) Tj ET Q q 0 0 0 rg BT 539.85 426.20 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 426.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 414.20 Td (timing ) Tj ET Q q 0 0 0 rg BT 77.98 414.20 Td (of ) Tj ET Q q 0 0 0 rg BT 88.18 414.20 Td (asset ) Tj ET Q q 0 0 0 rg BT 109.49 414.20 Td (disposals ) Tj ET Q q 0 0 0 rg BT 148.03 414.20 Td (and ) Tj ET Q q 0 0 0 rg BT 164.34 414.20 Td (the ) Tj ET Q q 0 0 0 rg BT 178.42 414.20 Td (mix ) Tj ET Q q 0 0 0 rg BT 195.85 414.20 Td (of ) Tj ET Q q 0 0 0 rg BT 206.05 414.20 Td (securities ) Tj ET Q q 0 0 0 rg BT 245.68 414.20 Td (on ) Tj ET Q q 0 0 0 rg BT 257.55 414.20 Td (hand. ) Tj ET Q q 0 0 0 rg BT 281.36 414.20 Td ( ) Tj ET Q q 0 0 0 rg BT 283.09 414.20 Td (The ) Tj ET Q q 0 0 0 rg BT 300.51 414.20 Td (annualized ) Tj ET Q q 0 0 0 rg BT 345.69 414.20 Td (realized ) Tj ET Q q 0 0 0 rg BT 379.20 414.20 Td (yield ) Tj ET Q q 0 0 0 rg BT 401.06 414.20 Td (on ) Tj ET Q q 0 0 0 rg BT 412.93 414.20 Td (invested ) Tj ET Q q 0 0 0 rg BT 448.12 414.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 473.32 414.20 Td (\(including ) Tj ET Q q 0 0 0 rg BT 516.30 414.20 Td (net ) Tj ET Q q 0 0 0 rg BT 530.38 414.20 Td (realized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 402.20 Td (gains ) Tj ET Q q 0 0 0 rg BT 73.83 402.20 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.88 402.20 Td ($779) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.88 402.20 Td (,000\) ) Tj ET Q q 0 0 0 rg BT 128.43 402.20 Td (in ) Tj ET Q q 0 0 0 rg BT 138.93 402.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.87 402.20 Td (three ) Tj ET Q q 0 0 0 rg BT 176.58 402.20 Td (month ) Tj ET Q q 0 0 0 rg BT 204.85 402.20 Td (period ) Tj ET Q q 0 0 0 rg BT 233.12 402.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 259.72 402.20 Td (September ) Tj ET Q q 0 0 0 rg BT 305.21 402.20 Td (30, ) Tj ET Q q 0 0 0 rg BT 320.43 402.20 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.43 402.20 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.15 402.20 Td (decreased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.56 402.20 Td ( ) Tj ET Q q 0 0 0 rg BT 385.28 402.20 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.78 402.20 Td (4.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.61 402.20 Td ( ) Tj ET Q q 0 0 0 rg BT 419.33 402.20 Td (as ) Tj ET Q q 0 0 0 rg BT 430.38 402.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 472.53 402.20 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.03 402.20 Td (7.4%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.86 402.20 Td ( ) Tj ET Q q 0 0 0 rg BT 516.58 402.20 Td (in ) Tj ET Q q 0 0 0 rg BT 527.08 402.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.02 402.20 Td (three ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 390.20 Td (month ) Tj ET Q q 0 0 0 rg BT 78.16 390.20 Td (period ) Tj ET Q q 0 0 0 rg BT 106.32 390.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 132.80 390.20 Td (September ) Tj ET Q q 0 0 0 rg BT 178.17 390.20 Td (30, ) Tj ET Q q 0 0 0 rg BT 193.28 390.20 Td (201) Tj ET Q q 0 0 0 rg BT 207.91 390.20 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.91 390.20 Td ( ) Tj ET Q q 0 0 0 rg BT 215.52 390.20 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.56 390.20 Td (increased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.32 390.20 Td ( ) Tj ET Q q 0 0 0 rg BT 272.92 390.20 Td (compared ) Tj ET Q q 0 0 0 rg BT 314.96 390.20 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.34 390.20 Td (3.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.17 390.20 Td ( ) Tj ET Q q 0 0 0 rg BT 348.78 390.20 Td (for ) Tj ET Q q 0 0 0 rg BT 363.05 390.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.87 390.20 Td (three ) Tj ET Q q 0 0 0 rg BT 400.46 390.20 Td (month ) Tj ET Q q 0 0 0 rg BT 428.63 390.20 Td (period ) Tj ET Q q 0 0 0 rg BT 456.78 390.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 483.27 390.20 Td (June ) Tj ET Q q 0 0 0 rg BT 504.20 390.20 Td (30, ) Tj ET Q q 0 0 0 rg BT 519.31 390.20 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.31 390.20 Td (. ) Tj ET Q q 0 0 0 rg BT 544.23 390.20 Td (This ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 378.20 Td (is ) Tj ET Q q 0 0 0 rg BT 58.97 378.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 98.48 378.20 Td (due ) Tj ET Q q 0 0 0 rg BT 115.22 378.20 Td (to ) Tj ET Q q 0 0 0 rg BT 125.29 378.20 Td (the ) Tj ET Q q 0 0 0 rg BT 139.81 378.20 Td (relative ) Tj ET Q q 0 0 0 rg BT 172.09 378.20 Td (absence ) Tj ET Q q 0 0 0 rg BT 206.03 378.20 Td (of ) Tj ET Q q 0 0 0 rg BT 216.66 378.20 Td (realized ) Tj ET Q q 0 0 0 rg BT 250.60 378.20 Td (gains ) Tj ET Q q 0 0 0 rg BT 274.01 378.20 Td (during ) Tj ET Q q 0 0 0 rg BT 302.42 378.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.93 378.20 Td (three ) Tj ET Q q 0 0 0 rg BT 339.22 378.20 Td (month ) Tj ET Q q 0 0 0 rg BT 367.07 378.20 Td (period ) Tj ET Q q 0 0 0 rg BT 394.92 378.20 Td (ended ) Tj ET Q q 0 0 0 rg BT 421.09 378.20 Td (June ) Tj ET Q q 0 0 0 rg BT 441.72 378.20 Td (30, ) Tj ET Q q 0 0 0 rg BT 456.52 378.20 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.52 378.20 Td ( ) Tj ET Q q 0 0 0 rg BT 478.82 378.20 Td (versus ) Tj ET Q q 0 0 0 rg BT 506.67 378.20 Td (those ) Tj ET Q q 0 0 0 rg BT 530.08 378.20 Td (periods.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 361.20 Td (On ) Tj ET Q q 0 0 0 rg BT 64.95 361.20 Td (a ) Tj ET Q q 0 0 0 rg BT 72.12 361.20 Td (year) Tj ET Q q 0 0 0 rg BT 89.12 361.20 Td (-to-date ) Tj ET Q q 0 0 0 rg BT 122.95 361.20 Td (basis, ) Tj ET Q q 0 0 0 rg BT 148.17 361.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 180.34 361.20 Td (income ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.50 361.20 Td (decreased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.91 361.20 Td ( ) Tj ET Q q 0 0 0 rg BT 254.64 361.20 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.37 361.20 Td (29.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.20 361.20 Td ( ) Tj ET Q q 0 0 0 rg BT 295.93 361.20 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.44 361.20 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 326.66 361.20 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.56 361.20 Td ( ) Tj ET Q q 0 0 0 rg BT 358.28 361.20 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.45 361.20 Td ($2.7 ) Tj ET Q q 0 0 0 rg BT 400.68 361.20 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.57 361.20 Td ( ) Tj ET Q q 0 0 0 rg BT 432.30 361.20 Td (for ) Tj ET Q q 0 0 0 rg BT 446.69 361.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.63 361.20 Td (nine ) Tj ET Q q 0 0 0 rg BT 481.58 361.20 Td (month ) Tj ET Q q 0 0 0 rg BT 509.86 361.20 Td (period ) Tj ET Q q 0 0 0 rg BT 538.14 361.20 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 349.20 Td (September ) Tj ET Q q 0 0 0 rg BT 95.61 349.20 Td (30, ) Tj ET Q q 0 0 0 rg BT 110.96 349.20 Td (201) Tj ET Q q 0 0 0 rg BT 125.59 349.20 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.59 349.20 Td (. ) Tj ET Q q 0 0 0 rg BT 135.73 349.20 Td (This ) Tj ET Q q 0 0 0 rg BT 156.36 349.20 Td (decrease ) Tj ET Q q 0 0 0 rg BT 193.62 349.20 Td (correlates ) Tj ET Q q 0 0 0 rg BT 235.34 349.20 Td (with ) Tj ET Q q 0 0 0 rg BT 255.96 349.20 Td (a ) Tj ET Q q 0 0 0 rg BT 263.25 349.20 Td (similar ) Tj ET Q q 0 0 0 rg BT 293.87 349.20 Td (decline ) Tj ET Q q 0 0 0 rg BT 325.59 349.20 Td (in ) Tj ET Q q 0 0 0 rg BT 336.22 349.20 Td (the ) Tj ET Q q 0 0 0 rg BT 351.29 349.20 Td (average ) Tj ET Q q 0 0 0 rg BT 385.22 349.20 Td (securities ) Tj ET Q q 0 0 0 rg BT 425.83 349.20 Td (held, ) Tj ET Q q 0 0 0 rg BT 448.40 349.20 Td (which ) Tj ET Q q 0 0 0 rg BT 475.69 349.20 Td (is ) Tj ET Q q 0 0 0 rg BT 485.21 349.20 Td (consistent ) Tj ET Q q 0 0 0 rg BT 528.05 349.20 Td (with ) Tj ET Q q 0 0 0 rg BT 548.68 349.20 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 337.20 Td (expectations ) Tj ET Q q 0 0 0 rg BT 102.65 337.20 Td (for ) Tj ET Q q 0 0 0 rg BT 116.99 337.20 Td (claim ) Tj ET Q q 0 0 0 rg BT 141.87 337.20 Td (payout ) Tj ET Q q 0 0 0 rg BT 171.76 337.20 Td (patterns. ) Tj ET Q q 0 0 0 rg BT 208.40 337.20 Td (The ) Tj ET Q q 0 0 0 rg BT 226.62 337.20 Td (annualized ) Tj ET Q q 0 0 0 rg BT 272.60 337.20 Td (realized ) Tj ET Q q 0 0 0 rg BT 306.92 337.20 Td (yield ) Tj ET Q q 0 0 0 rg BT 329.58 337.20 Td (on ) Tj ET Q q 0 0 0 rg BT 342.26 337.20 Td (invested ) Tj ET Q q 0 0 0 rg BT 378.26 337.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 404.26 337.20 Td ( ) Tj ET Q q 0 0 0 rg BT 406.93 337.20 Td (\(including ) Tj ET Q q 0 0 0 rg BT 450.71 337.20 Td (realized ) Tj ET Q q 0 0 0 rg BT 485.02 337.20 Td (gains\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.14 337.20 Td (decreased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.55 337.20 Td ( ) Tj ET Q q 0 0 0 rg BT 554.22 337.20 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 325.20 Td (3.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.83 325.20 Td ( ) Tj ET Q q 0 0 0 rg BT 73.33 325.20 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.27 325.20 Td (4.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.10 325.20 Td (, ) Tj ET Q q 0 0 0 rg BT 121.10 325.20 Td (due ) Tj ET Q q 0 0 0 rg BT 138.04 325.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 177.75 325.20 Td (to ) Tj ET Q q 0 0 0 rg BT 188.03 325.20 Td (a ) Tj ET Q q 0 0 0 rg BT 194.97 325.20 Td (reduction ) Tj ET Q q 0 0 0 rg BT 235.23 325.20 Td (in ) Tj ET Q q 0 0 0 rg BT 245.51 325.20 Td (realized ) Tj ET Q q 0 0 0 rg BT 279.65 325.20 Td (gains ) Tj ET Q q 0 0 0 rg BT 303.26 325.20 Td (year ) Tj ET Q q 0 0 0 rg BT 322.96 325.20 Td (over ) Tj ET Q q 0 0 0 rg BT 343.23 325.20 Td (year) Tj ET Q q 0 0 0 rg BT 359.89 325.20 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 308.20 Td (Net Realized Investment Gains \(Losses\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 291.20 Td (Net realized investment gains in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 196.06 291.20 Td (three month period ended September 30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.29 291.20 Td ( were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.72 291.20 Td ($779) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.72 291.20 Td (,000 compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.92 291.20 Td ($2.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 546.82 291.20 Td ( in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 279.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.72 279.20 Td (three month period ended September 30, 201) Tj ET Q q 0 0 0 rg BT 244.58 279.20 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.58 279.20 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.01 279.20 Td ($291) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.01 279.20 Td (,000 during the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.34 279.20 Td (three month period ended June 30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.13 279.20 Td (. On a year) Tj ET Q q 0 0 0 rg BT 556.80 279.20 Td (-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 267.20 Td (to-date basis, realized gains were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 184.94 267.20 Td ($1.1 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.83 267.20 Td ( in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.33 267.20 Td (nine month period ended September 30, 201) Tj ET Q q 0 0 0 rg BT 438.42 267.20 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.42 267.20 Td ( compared to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.12 267.20 Td ($2.8 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.01 267.20 Td ( for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 255.20 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.72 255.20 Td (nine month period ended September 30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.18 255.20 Td (. ) Tj ET Q q 0 0 0 rg BT 254.50 255.20 Td (The dif) Tj ET Q q 0 0 0 rg BT 283.47 255.20 Td (ference is the result of management's decision to sell certain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 243.20 Td (securities consistent with the Company's liquidity needs and expected duration of claim payment triangles during favorable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 231.20 Td (market conditions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 212.45 Td (Miscellaneous Income \(Loss\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 195.45 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 73.76 195.45 Td (recorded ) Tj ET Q q 0 0 0 rg BT 111.39 195.45 Td (miscellaneous ) Tj ET Q q 0 0 0 rg BT 170.70 195.45 Td (income ) Tj ET Q q 0 0 0 rg BT 202.79 195.45 Td (in ) Tj ET Q q 0 0 0 rg BT 213.22 195.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.09 195.45 Td (three ) Tj ET Q q 0 0 0 rg BT 250.74 195.45 Td (month ) Tj ET Q q 0 0 0 rg BT 278.95 195.45 Td (period ) Tj ET Q q 0 0 0 rg BT 307.15 195.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 333.68 195.45 Td (September ) Tj ET Q q 0 0 0 rg BT 379.10 195.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 394.26 195.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.26 195.45 Td ( ) Tj ET Q q 0 0 0 rg BT 416.91 195.45 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.90 195.45 Td ($1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.90 195.45 Td (,000 ) Tj ET Q q 0 0 0 rg BT 458.05 195.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 500.13 195.45 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.56 195.45 Td ($1) Tj ET Q q 0 0 0 rg BT 520.19 195.45 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.19 195.45 Td (,000 ) Tj ET Q q 0 0 0 rg BT 550.35 195.45 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 183.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 65.21 183.45 Td (three ) Tj ET Q q 0 0 0 rg BT 88.20 183.45 Td (month ) Tj ET Q q 0 0 0 rg BT 116.75 183.45 Td (period ) Tj ET Q q 0 0 0 rg BT 145.29 183.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 172.17 183.45 Td (September ) Tj ET Q q 0 0 0 rg BT 217.93 183.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 233.43 183.45 Td (201) Tj ET Q q 0 0 0 rg BT 248.05 183.45 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.05 183.45 Td ( ) Tj ET Q q 0 0 0 rg BT 256.05 183.45 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.49 183.45 Td ($51) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.49 183.45 Td (,000 ) Tj ET Q q 0 0 0 rg BT 308.98 183.45 Td (in ) Tj ET Q q 0 0 0 rg BT 319.76 183.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.97 183.45 Td (three ) Tj ET Q q 0 0 0 rg BT 357.96 183.45 Td (month ) Tj ET Q q 0 0 0 rg BT 386.51 183.45 Td (period ) Tj ET Q q 0 0 0 rg BT 415.05 183.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 441.93 183.45 Td (June ) Tj ET Q q 0 0 0 rg BT 463.25 183.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 478.75 183.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.75 183.45 Td (. ) Tj ET Q q 0 0 0 rg BT 504.25 183.45 Td (Miscellaneous ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 171.45 Td (income ) Tj ET Q q 0 0 0 rg BT 81.94 171.45 Td (prior ) Tj ET Q q 0 0 0 rg BT 103.89 171.45 Td (to ) Tj ET Q q 0 0 0 rg BT 114.18 171.45 Td ( ) Tj ET Q q 0 0 0 rg BT 116.69 171.45 Td (June ) Tj ET Q q 0 0 0 rg BT 137.52 171.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 152.53 171.45 Td (2012 ) Tj ET Q q 0 0 0 rg BT 175.04 171.45 Td (was ) Tj ET Q q 0 0 0 rg BT 193.10 171.45 Td (primarily ) Tj ET Q q 0 0 0 rg BT 232.82 171.45 Td (comprised ) Tj ET Q q 0 0 0 rg BT 276.99 171.45 Td (of ) Tj ET Q q 0 0 0 rg BT 287.83 171.45 Td (rental ) Tj ET Q q 0 0 0 rg BT 313.10 171.45 Td (income ) Tj ET Q q 0 0 0 rg BT 345.04 171.45 Td (from ) Tj ET Q q 0 0 0 rg BT 366.99 171.45 Td (our ) Tj ET Q q 0 0 0 rg BT 382.83 171.45 Td (corporate ) Tj ET Q q 0 0 0 rg BT 423.09 171.45 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 476.68 171.45 Td (in ) Tj ET Q q 0 0 0 rg BT 486.97 171.45 Td (Elk ) Tj ET Q q 0 0 0 rg BT 503.37 171.45 Td (Grove ) Tj ET Q q 0 0 0 rg BT 530.68 171.45 Td (V) Tj ET Q q 0 0 0 rg BT 537.30 171.45 Td (illage, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 159.45 Td (Illinois, ) Tj ET Q q 0 0 0 rg BT 83.33 159.45 Td (which ) Tj ET Q q 0 0 0 rg BT 110.27 159.45 Td (has ) Tj ET Q q 0 0 0 rg BT 126.10 159.45 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 180.82 159.45 Td (been ) Tj ET Q q 0 0 0 rg BT 202.20 159.45 Td (sold.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 140.65 Td (Combined ) Tj ET Q q 0 0 0 rg BT 96.95 140.65 Td (Ratio ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 123.65 Td (Underwriting ) Tj ET Q q 0 0 0 rg BT 106.49 123.65 Td (profitability) Tj ET Q q 0 0 0 rg BT 153.61 123.65 Td (, ) Tj ET Q q 0 0 0 rg BT 158.72 123.65 Td (as ) Tj ET Q q 0 0 0 rg BT 169.66 123.65 Td (opposed ) Tj ET Q q 0 0 0 rg BT 205.60 123.65 Td (to ) Tj ET Q q 0 0 0 rg BT 215.98 123.65 Td (overall ) Tj ET Q q 0 0 0 rg BT 246.36 123.65 Td (profitability ) Tj ET Q q 0 0 0 rg BT 296.74 123.65 Td (or ) Tj ET Q q 0 0 0 rg BT 307.68 123.65 Td (net ) Tj ET Q q 0 0 0 rg BT 322.50 123.65 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 361.49 123.65 Td (is ) Tj ET Q q 0 0 0 rg BT 370.77 123.65 Td (measured ) Tj ET Q q 0 0 0 rg BT 411.69 123.65 Td (by ) Tj ET Q q 0 0 0 rg BT 424.30 123.65 Td (the ) Tj ET Q q 0 0 0 rg BT 439.13 123.65 Td (combined ) Tj ET Q q 0 0 0 rg BT 481.17 123.65 Td (ratio. ) Tj ET Q q 0 0 0 rg BT 504.42 123.65 Td (The ) Tj ET Q q 0 0 0 rg BT 522.58 123.65 Td (combined ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 111.65 Td (ratio ) Tj ET Q q 0 0 0 rg BT 70.57 111.65 Td (is ) Tj ET Q q 0 0 0 rg BT 79.48 111.65 Td (the ) Tj ET Q q 0 0 0 rg BT 93.94 111.65 Td (sum ) Tj ET Q q 0 0 0 rg BT 112.86 111.65 Td (of ) Tj ET Q q 0 0 0 rg BT 123.43 111.65 Td (the ) Tj ET Q q 0 0 0 rg BT 137.89 111.65 Td (loss ) Tj ET Q q 0 0 0 rg BT 155.70 111.65 Td (and ) Tj ET Q q 0 0 0 rg BT 172.38 111.65 Td (loss ) Tj ET Q q 0 0 0 rg BT 190.18 111.65 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 236.31 111.65 Td (\(LAE\) ) Tj ET Q q 0 0 0 rg BT 264.65 111.65 Td (expense ) Tj ET Q q 0 0 0 rg BT 299.10 111.65 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 322.17 111.65 Td (the ) Tj ET Q q 0 0 0 rg BT 336.63 111.65 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 382.76 111.65 Td (cost ) Tj ET Q q 0 0 0 rg BT 401.11 111.65 Td (ratio ) Tj ET Q q 0 0 0 rg BT 421.68 111.65 Td (and ) Tj ET Q q 0 0 0 rg BT 438.36 111.65 Td (the ) Tj ET Q q 0 0 0 rg BT 452.82 111.65 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 506.72 111.65 Td (expense ) Tj ET Q q 0 0 0 rg BT 541.17 111.65 Td (ratio. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 99.65 Td (Atlas) Tj ET Q q 0 0 0 rg BT 73.70 99.65 Td ( ) Tj ET Q q 0 0 0 rg BT 76.51 99.65 Td (combined ) Tj ET Q q 0 0 0 rg BT 118.76 99.65 Td (ratio ) Tj ET Q q 0 0 0 rg BT 139.91 99.65 Td (for ) Tj ET Q q 0 0 0 rg BT 154.38 99.65 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.42 99.65 Td (three ) Tj ET Q q 0 0 0 rg BT 192.22 99.65 Td (month ) Tj ET Q q 0 0 0 rg BT 220.60 99.65 Td (periods ) Tj ET Q q 0 0 0 rg BT 252.85 99.65 Td (ended ) Tj ET Q q 0 0 0 rg BT 279.55 99.65 Td (September ) Tj ET Q q 0 0 0 rg BT 325.13 99.65 Td (30, ) Tj ET Q q 0 0 0 rg BT 340.44 99.65 Td (2012 ) Tj ET Q q 0 0 0 rg BT 363.26 99.65 Td (and ) Tj ET Q q 0 0 0 rg BT 380.52 99.65 Td (201) Tj ET Q q 0 0 0 rg BT 395.15 99.65 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.15 99.65 Td ( ) Tj ET Q q 0 0 0 rg BT 402.96 99.65 Td (are ) Tj ET Q q 0 0 0 rg BT 417.99 99.65 Td (summarized ) Tj ET Q q 0 0 0 rg BT 469.68 99.65 Td (in ) Tj ET Q q 0 0 0 rg BT 480.27 99.65 Td (the ) Tj ET Q q 0 0 0 rg BT 495.31 99.65 Td (table ) Tj ET Q q 0 0 0 rg BT 517.56 99.65 Td (below) Tj ET Q q 0 0 0 rg BT 541.35 99.65 Td (. ) Tj ET Q q 0 0 0 rg BT 546.46 99.65 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 87.65 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 104.36 87.65 Td (loss ) Tj ET Q q 0 0 0 rg BT 122.62 87.65 Td (is ) Tj ET Q q 0 0 0 rg BT 131.99 87.65 Td (attributable ) Tj ET Q q 0 0 0 rg BT 180.23 87.65 Td (to ) Tj ET Q q 0 0 0 rg BT 190.72 87.65 Td (the ) Tj ET Q q 0 0 0 rg BT 205.63 87.65 Td (factors ) Tj ET Q q 0 0 0 rg BT 235.54 87.65 Td (described ) Tj ET Q q 0 0 0 rg BT 276.56 87.65 Td (in ) Tj ET Q q 0 0 0 rg BT 287.04 87.65 Td (the ) Tj ET Q q 0 0 0 rg BT 301.96 87.65 Td (Claims ) Tj ET Q q 0 0 0 rg BT 336.33 87.65 Td (Incurred, ) Tj ET Q q 0 0 0 rg BT 378.73 87.65 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 431.43 87.65 Td (Costs, ) Tj ET Q q 0 0 0 rg BT 462.19 87.65 Td (and ) Tj ET Q q 0 0 0 rg BT 479.33 87.65 Td (Other ) Tj ET Q q 0 0 0 rg BT 508.13 87.65 Td (Underwriting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 75.65 Td (Expenses) Tj ET Q q 0 0 0 rg BT 90.36 75.65 Td ( ) Tj ET Q q 0 0 0 rg BT 93.32 75.65 Td (sections ) Tj ET Q q 0 0 0 rg BT 128.51 75.65 Td (above. ) Tj ET Q q 0 0 0 rg BT 157.85 75.65 Td ( ) Tj ET Q q 0 0 0 rg BT 160.60 75.65 Td (This ) Tj ET Q q 0 0 0 rg BT 181.35 75.65 Td (is ) Tj ET Q q 0 0 0 rg BT 190.98 75.65 Td (the ) Tj ET Q q 0 0 0 rg BT 206.17 75.65 Td (first ) Tj ET Q q 0 0 0 rg BT 225.24 75.65 Td (quarter ) Tj ET Q q 0 0 0 rg BT 256.52 75.65 Td (that ) Tj ET Q q 0 0 0 rg BT 274.48 75.65 Td (we ) Tj ET Q q 0 0 0 rg BT 289.11 75.65 Td (have ) Tj ET Q q 0 0 0 rg BT 310.95 75.65 Td (achieved ) Tj ET Q q 0 0 0 rg BT 349.45 75.65 Td (a ) Tj ET Q q 0 0 0 rg BT 356.86 75.65 Td (combined ) Tj ET Q q 0 0 0 rg BT 399.26 75.65 Td (ratio ) Tj ET Q q 0 0 0 rg BT 420.55 75.65 Td (below ) Tj ET Q q 0 0 0 rg BT 447.95 75.65 Td (100% ) Tj ET Q q 0 0 0 rg BT 474.25 75.65 Td (since ) Tj ET Q q 0 0 0 rg BT 497.76 75.65 Td (our ) Tj ET Q q 0 0 0 rg BT 514.06 75.65 Td (inception ) Tj ET Q q 0 0 0 rg BT 554.24 75.65 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 63.65 Td (December ) Tj ET Q q 0 0 0 rg BT 93.58 63.65 Td (2010.) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 61 0 obj <>] /Rotate 0 /Contents 62 0 R>> endobj 62 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (30) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 739.25 Td (Combined ) Tj ET Q q 0 0 0 rg BT 96.95 739.25 Td (Ratios ) Tj ET Q q 0 0 0 rg BT 126.67 739.25 Td (\(in ) Tj ET Q q 0 0 0 rg BT 140.84 739.25 Td ('000s\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 708.50 274.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 708.50 75.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 708.50 5.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 708.50 74.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 708.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 708.50 75.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 686.50 274.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 686.50 75.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 399.50 686.50 5.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 686.50 74.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 686.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 686.50 75.00 -11.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 708.5 m 399.5 708.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 708.5 m 404.5 708.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 708.5 m 478.5 708.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 708.5 m 482.5 708.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 708.5 m 557.5 708.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 708.5 m 399.5 708.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 708.5 m 478.5 708.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 708.5 m 557.5 708.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 675.5 m 399.5 675.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 675.5 m 404.5 675.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 675.5 m 478.5 675.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 675.5 m 482.5 675.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 675.5 m 557.5 675.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 712.73 Td (Three Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 331.00 724.23 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 351.50 714.23 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 410.50 724.23 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.25 714.23 Td (2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 490.45 724.18 Td (June 30, 2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 699.12 Td (Net premium earned) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 327.00 699.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.15 699.12 Td (10,934) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.00 699.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.15 699.12 Td (8,797) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.00 699.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 699.12 Td (7,552) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 688.12 Td (Underwriting expenses *) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.15 688.12 Td (10,670) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.15 688.12 Td (10,526) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 688.12 Td (8,420) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 677.12 Td (Combined ratio) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.15 677.12 Td (97.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.65 677.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.15 677.12 Td (119.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.65 677.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 677.12 Td (111.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 677.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 638.50 353.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 638.50 75.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 638.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 638.50 80.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 616.50 353.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 616.50 75.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 616.50 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 616.50 80.00 -11.00 re f /GS0 gs 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 638.5 m 478.5 638.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 638.5 m 482.5 638.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 638.5 m 562.5 638.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 638.5 m 478.5 638.5 l s 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 638.5 m 562.5 638.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 605.5 m 478.5 605.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 605.5 m 482.5 605.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 605.5 m 562.5 605.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 642.73 Td (Nine Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 410.00 656.23 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 430.50 646.23 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 491.50 656.23 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 512.25 646.23 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 629.12 Td (Net premium earned) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.00 629.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.15 629.12 Td (26,795) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.00 629.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 629.12 Td (26,669) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 618.12 Td (Underwriting expenses *) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.15 618.12 Td (28,018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 618.12 Td (31,582) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 607.12 Td (Combined ratio) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.15 607.12 Td (104.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.65 607.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 607.12 Td (118.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 607.12 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 592.20 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 50.00 578.40 Td (*Underwriting ) Tj ET Q q 0 0 0 rg BT 111.95 578.40 Td (expenses ) Tj ET Q q 0 0 0 rg BT 149.99 578.40 Td (ar) Tj ET Q q 0 0 0 rg BT 158.51 578.40 Td (e ) Tj ET Q q 0 0 0 rg BT 165.44 578.40 Td (the ) Tj ET Q q 0 0 0 rg BT 180.16 578.40 Td (combination ) Tj ET Q q 0 0 0 rg BT 232.66 578.40 Td (of ) Tj ET Q q 0 0 0 rg BT 242.93 578.40 Td (claims ) Tj ET Q q 0 0 0 rg BT 271.54 578.40 Td (incurr) Tj ET Q q 0 0 0 rg BT 296.17 578.40 Td (ed, ) Tj ET Q q 0 0 0 rg BT 310.61 578.40 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 357.55 578.40 Td (costs, ) Tj ET Q q 0 0 0 rg BT 382.55 578.40 Td (and ) Tj ET Q q 0 0 0 rg BT 400.05 578.40 Td (other ) Tj ET Q q 0 0 0 rg BT 423.66 578.40 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 478.39 578.40 Td (expenses) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 561.40 Td (Income/Loss ) Tj ET Q q 0 0 0 rg BT 106.39 561.40 Td (befor) Tj ET Q q 0 0 0 rg BT 128.98 561.40 Td (e ) Tj ET Q q 0 0 0 rg BT 135.92 561.40 Td (Income ) Tj ET Q q 0 0 0 rg BT 169.90 561.40 Td (T) Tj ET Q q 0 0 0 rg BT 175.65 561.40 Td (axes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 544.40 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 73.31 544.40 Td (generated ) Tj ET Q q 0 0 0 rg BT 114.38 544.40 Td (pre-tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.90 544.40 Td (income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 174.33 544.40 Td ( ) Tj ET Q q 0 0 0 rg BT 176.54 544.40 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.07 544.40 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 206.78 544.40 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.67 544.40 Td ( ) Tj ET Q q 0 0 0 rg BT 237.87 544.40 Td (in ) Tj ET Q q 0 0 0 rg BT 247.86 544.40 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.28 544.40 Td (three ) Tj ET Q q 0 0 0 rg BT 284.47 544.40 Td (month ) Tj ET Q q 0 0 0 rg BT 312.23 544.40 Td (period ) Tj ET Q q 0 0 0 rg BT 339.98 544.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 366.06 544.40 Td (September ) Tj ET Q q 0 0 0 rg BT 411.03 544.40 Td (30, ) Tj ET Q q 0 0 0 rg BT 425.73 544.40 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.73 544.40 Td (, ) Tj ET Q q 0 0 0 rg BT 450.44 544.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 492.07 544.40 Td (to ) Tj ET Q q 0 0 0 rg BT 502.05 544.40 Td (pre-tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.57 544.40 Td (income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 562.00 544.40 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 532.40 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 60.55 532.40 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 80.28 532.40 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.17 532.40 Td ( ) Tj ET Q q 0 0 0 rg BT 111.39 532.40 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.39 532.40 Td (three ) Tj ET Q q 0 0 0 rg BT 143.60 532.40 Td (month ) Tj ET Q q 0 0 0 rg BT 171.38 532.40 Td (period ) Tj ET Q q 0 0 0 rg BT 199.15 532.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 225.25 532.40 Td (September ) Tj ET Q q 0 0 0 rg BT 270.24 532.40 Td (30, ) Tj ET Q q 0 0 0 rg BT 284.96 532.40 Td (201) Tj ET Q q 0 0 0 rg BT 299.59 532.40 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.59 532.40 Td ( ) Tj ET Q q 0 0 0 rg BT 306.81 532.40 Td (and ) Tj ET Q q 0 0 0 rg BT 323.47 532.40 Td (pre-tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.01 532.40 Td (income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.45 532.40 Td ( ) Tj ET Q q 0 0 0 rg BT 385.67 532.40 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.22 532.40 Td ($130) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.22 532.40 Td (,000 ) Tj ET Q q 0 0 0 rg BT 435.95 532.40 Td (in ) Tj ET Q q 0 0 0 rg BT 445.95 532.40 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.39 532.40 Td (three ) Tj ET Q q 0 0 0 rg BT 482.60 532.40 Td (month ) Tj ET Q q 0 0 0 rg BT 510.38 532.40 Td (period ) Tj ET Q q 0 0 0 rg BT 538.15 532.40 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 520.40 Td (June ) Tj ET Q q 0 0 0 rg BT 70.83 520.40 Td (30, ) Tj ET Q q 0 0 0 rg BT 85.83 520.40 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.83 520.40 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 503.40 Td (In ) Tj ET Q q 0 0 0 rg BT 61.74 503.40 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 77.37 503.40 Td (nine ) Tj ET Q q 0 0 0 rg BT 98.00 503.40 Td (month ) Tj ET Q q 0 0 0 rg BT 126.97 503.40 Td (period ) Tj ET Q q 0 0 0 rg BT 155.93 503.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 183.22 503.40 Td (September ) Tj ET Q q 0 0 0 rg BT 229.40 503.40 Td (30, ) Tj ET Q q 0 0 0 rg BT 245.31 503.40 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.31 503.40 Td (, ) Tj ET Q q 0 0 0 rg BT 270.47 503.40 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 294.99 503.40 Td (generated ) Tj ET Q q 0 0 0 rg BT 337.27 503.40 Td (pre-tax ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.00 503.40 Td (income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.43 503.40 Td ( ) Tj ET Q q 0 0 0 rg BT 401.84 503.40 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.59 503.40 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 434.50 503.40 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.39 503.40 Td ( ) Tj ET Q q 0 0 0 rg BT 466.81 503.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 509.64 503.40 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.83 503.40 Td (income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.27 503.40 Td ( ) Tj ET Q q 0 0 0 rg BT 553.68 503.40 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 491.40 Td ($555) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 491.40 Td (,000 ) Tj ET Q q 0 0 0 rg BT 90.00 491.40 Td (in ) Tj ET Q q 0 0 0 rg BT 100.28 491.40 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 115.00 491.40 Td (nine ) Tj ET Q q 0 0 0 rg BT 134.71 491.40 Td (month ) Tj ET Q q 0 0 0 rg BT 162.77 491.40 Td (period ) Tj ET Q q 0 0 0 rg BT 190.82 491.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 217.19 491.40 Td (September ) Tj ET Q q 0 0 0 rg BT 262.46 491.40 Td (30, ) Tj ET Q q 0 0 0 rg BT 277.46 491.40 Td (201) Tj ET Q q 0 0 0 rg BT 292.08 491.40 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.08 491.40 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 474.40 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.98 474.40 Td (T) Tj ET Q q 0 0 0 rg BT 89.73 474.40 Td (ax ) Tj ET Q q 0 0 0 rg BT 102.23 474.40 Td (Benefit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 457.40 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 73.77 457.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 120.30 457.40 Td (no ) Tj ET Q q 0 0 0 rg BT 132.96 457.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 147.84 457.40 Td (expense ) Tj ET Q q 0 0 0 rg BT 182.71 457.40 Td (in ) Tj ET Q q 0 0 0 rg BT 193.15 457.40 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.03 457.40 Td (three ) Tj ET Q q 0 0 0 rg BT 230.68 457.40 Td (month ) Tj ET Q q 0 0 0 rg BT 258.90 457.40 Td (period ) Tj ET Q q 0 0 0 rg BT 287.11 457.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 313.65 457.40 Td (September ) Tj ET Q q 0 0 0 rg BT 359.08 457.40 Td (30, ) Tj ET Q q 0 0 0 rg BT 374.25 457.40 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.25 457.40 Td (, ) Tj ET Q q 0 0 0 rg BT 399.41 457.40 Td (nor ) Tj ET Q q 0 0 0 rg BT 415.40 457.40 Td (during ) Tj ET Q q 0 0 0 rg BT 444.17 457.40 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.06 457.40 Td (three ) Tj ET Q q 0 0 0 rg BT 481.70 457.40 Td (month ) Tj ET Q q 0 0 0 rg BT 509.92 457.40 Td (period ) Tj ET Q q 0 0 0 rg BT 538.13 457.40 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 445.40 Td (September ) Tj ET Q q 0 0 0 rg BT 95.02 445.40 Td (30, ) Tj ET Q q 0 0 0 rg BT 109.78 445.40 Td (201) Tj ET Q q 0 0 0 rg BT 124.41 445.40 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.41 445.40 Td ( ) Tj ET Q q 0 0 0 rg BT 131.66 445.40 Td (or ) Tj ET Q q 0 0 0 rg BT 142.25 445.40 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.73 445.40 Td (three ) Tj ET Q q 0 0 0 rg BT 178.97 445.40 Td (month ) Tj ET Q q 0 0 0 rg BT 206.78 445.40 Td (period ) Tj ET Q q 0 0 0 rg BT 234.59 445.40 Td (ended ) Tj ET Q q 0 0 0 rg BT 260.72 445.40 Td (June ) Tj ET Q q 0 0 0 rg BT 281.31 445.40 Td (30, ) Tj ET Q q 0 0 0 rg BT 296.07 445.40 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.07 445.40 Td (. ) Tj ET Q q 0 0 0 rg BT 320.82 445.40 Td ( ) Tj ET Q q 0 0 0 rg BT 322.92 445.40 Td (The ) Tj ET Q q 0 0 0 rg BT 340.72 445.40 Td (following ) Tj ET Q q 0 0 0 rg BT 381.87 445.40 Td (table ) Tj ET Q q 0 0 0 rg BT 403.56 445.40 Td (reconciles ) Tj ET Q q 0 0 0 rg BT 446.35 445.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 460.82 445.40 Td (benefit ) Tj ET Q q 0 0 0 rg BT 490.84 445.40 Td (from ) Tj ET Q q 0 0 0 rg BT 512.54 445.40 Td (applying ) Tj ET Q q 0 0 0 rg BT 549.79 445.40 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 433.40 Td (statutory ) Tj ET Q q 0 0 0 rg BT 87.81 433.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 108.41 433.40 Td (Federal ) Tj ET Q q 0 0 0 rg BT 141.22 433.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 156.25 433.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 174.05 433.40 Td (of ) Tj ET Q q 0 0 0 rg BT 185.20 433.40 Td (34.0% ) Tj ET Q q 0 0 0 rg BT 213.85 433.40 Td (to ) Tj ET Q q 0 0 0 rg BT 224.44 433.40 Td (the ) Tj ET Q q 0 0 0 rg BT 239.48 433.40 Td (actual ) Tj ET Q q 0 0 0 rg BT 266.17 433.40 Td (percentage ) Tj ET Q q 0 0 0 rg BT 312.29 433.40 Td (of ) Tj ET Q q 0 0 0 rg BT 323.43 433.40 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 354.57 433.40 Td (income ) Tj ET Q q 0 0 0 rg BT 386.82 433.40 Td (provided ) Tj ET Q q 0 0 0 rg BT 425.18 433.40 Td (for ) Tj ET Q q 0 0 0 rg BT 439.66 433.40 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.69 433.40 Td (three ) Tj ET Q q 0 0 0 rg BT 477.50 433.40 Td (month ) Tj ET Q q 0 0 0 rg BT 505.87 433.40 Td (periods ) Tj ET Q q 0 0 0 rg BT 538.13 433.40 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 421.40 Td (September ) Tj ET Q q 0 0 0 rg BT 95.26 421.40 Td (30, ) Tj ET Q q 0 0 0 rg BT 110.26 421.40 Td (2012 ) Tj ET Q q 0 0 0 rg BT 132.76 421.40 Td (and ) Tj ET Q q 0 0 0 rg BT 149.70 421.40 Td (201) Tj ET Q q 0 0 0 rg BT 164.33 421.40 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.33 421.40 Td (:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 384.65 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 384.65 Td (ax Rate Reconciliation \(in '000s\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 339.90 132.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 339.90 46.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 339.90 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 339.90 41.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 339.90 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 339.90 44.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 339.90 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 339.90 42.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 339.90 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 339.90 44.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 339.90 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 339.90 44.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 339.90 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 339.90 44.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 339.90 4.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 339.90 44.00 -27.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 300.90 132.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 300.90 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 300.90 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 300.90 41.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 300.90 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 300.90 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 300.90 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 300.90 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 300.90 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 300.90 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 300.90 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 300.90 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 300.90 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 300.90 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 300.90 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 300.90 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 276.90 132.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.50 276.90 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 276.90 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 276.90 41.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 276.90 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 276.90 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 276.90 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 325.50 276.90 42.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 276.90 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 276.90 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 276.90 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 276.90 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 276.90 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 276.90 44.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 276.90 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 276.90 44.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 378.9 m 228.5 378.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 363.9 m 228.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 378.9 m 232.5 378.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 363.9 m 232.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 378.9 m 273.5 378.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 363.9 m 273.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 378.9 m 277.5 378.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 363.9 m 277.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 378.9 m 321.5 378.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 363.9 m 321.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 378.9 m 325.5 378.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 363.9 m 325.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 378.9 m 367.5 378.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 363.9 m 367.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 378.9 m 371.5 378.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 363.9 m 371.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 378.9 m 415.5 378.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 363.9 m 415.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 378.9 m 419.5 378.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 363.9 m 419.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 378.9 m 463.5 378.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 363.9 m 463.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 378.9 m 467.5 378.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 378.9 m 511.5 378.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 363.9 m 511.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 378.9 m 515.5 378.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 363.9 m 515.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 378.9 m 559.5 378.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 363.9 m 559.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 363.9 m 228.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 351.9 m 228.5 351.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 363.9 m 232.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 351.9 m 232.5 351.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 363.9 m 273.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 351.9 m 273.5 351.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 363.9 m 277.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 351.9 m 277.5 351.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 363.9 m 321.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 351.9 m 321.5 351.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 363.9 m 325.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 351.9 m 325.5 351.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 363.9 m 367.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 351.9 m 367.5 351.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 363.9 m 371.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 351.9 m 371.5 351.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 351.9 m 415.5 351.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 351.9 m 419.5 351.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 351.9 m 463.5 351.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 363.9 m 467.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 351.9 m 467.5 351.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 351.9 m 511.5 351.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 363.9 m 515.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 351.9 m 515.5 351.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 363.9 m 559.5 363.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 351.9 m 559.5 351.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 339.9 m 228.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 339.9 m 232.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 339.9 m 273.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 339.9 m 277.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 339.9 m 321.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 339.9 m 325.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 339.9 m 367.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 339.9 m 371.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 339.9 m 415.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 339.9 m 463.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 339.9 m 511.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 339.9 m 559.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 339.9 m 228.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 339.9 m 232.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 339.9 m 273.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 339.9 m 277.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 339.9 m 321.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 339.9 m 325.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 339.9 m 367.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 339.9 m 371.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 339.9 m 415.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 339.9 m 463.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 339.9 m 511.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 339.9 m 559.5 339.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 276.9 m 228.5 276.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 276.9 m 232.5 276.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 276.9 m 273.5 276.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 276.9 m 277.5 276.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 276.9 m 321.5 276.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 276.9 m 325.5 276.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 276.9 m 367.5 276.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 276.9 m 371.5 276.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 276.9 m 415.5 276.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 276.9 m 419.5 276.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 276.9 m 463.5 276.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 276.9 m 467.5 276.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 276.9 m 511.5 276.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 276.9 m 515.5 276.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 276.9 m 559.5 276.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 265.9 m 228.5 265.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182.5 263.9 m 228.5 263.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 265.9 m 232.5 265.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 263.9 m 232.5 263.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 265.9 m 273.5 265.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 263.9 m 273.5 263.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 265.9 m 277.5 265.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 263.9 m 277.5 263.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 276.9 m 321.5 276.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 265.9 m 321.5 265.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 263.9 m 321.5 263.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 265.9 m 325.5 265.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 263.9 m 325.5 263.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 265.9 m 367.5 265.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 325.5 263.9 m 367.5 263.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 265.9 m 371.5 265.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 263.9 m 371.5 263.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 265.9 m 415.5 265.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 263.9 m 415.5 263.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 265.9 m 419.5 265.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 263.9 m 419.5 263.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 265.9 m 463.5 265.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 263.9 m 463.5 263.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 265.9 m 467.5 265.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 263.9 m 467.5 263.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 265.9 m 511.5 265.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 263.9 m 511.5 263.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 265.9 m 515.5 265.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 263.9 m 515.5 263.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 265.9 m 559.5 265.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 263.9 m 559.5 263.9 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 213.60 368.58 Td (Three Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 406.75 368.58 Td (Nine Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 185.75 354.63 Td (September 30, 2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 278.55 354.63 Td (September 30, 2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 375.25 354.63 Td (September 30, 2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 471.55 354.63 Td (September 30, 2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 187.45 342.63 Td (Amount) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 247.50 342.63 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 281.45 342.63 Td (Amount) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 341.00 342.63 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 375.45 342.63 Td (Amount) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 436.00 342.63 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 471.45 342.63 Td (Amount) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 532.00 342.63 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 327.57 Td (Expected income tax benefit at) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 317.57 Td (statutory rate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.00 317.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.65 317.57 Td (563) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.80 317.57 Td (34.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.65 317.57 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.00 317.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.65 317.57 Td (362) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.80 317.57 Td (34.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.65 317.57 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.00 317.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.65 317.57 Td (653) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.80 317.57 Td (34.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.65 317.57 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.00 317.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.30 317.62 Td (\(174) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 507.65 317.57 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 529.80 317.57 Td (34.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.65 317.57 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 303.52 Td (Valuation allowance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 206.30 303.52 Td (\(566) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.65 303.52 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.45 303.52 Td (\(34.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.30 303.52 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.30 303.52 Td (\(384) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 317.65 303.52 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.45 303.52 Td (\(56.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.30 303.52 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.30 303.52 Td (\(658) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.65 303.52 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.45 303.52 Td (\(34.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.30 303.52 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 303.52 Td (131) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.45 303.52 Td (\(25.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.30 303.52 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 291.52 Td (Nondeductible expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.65 291.52 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.80 291.52 Td (0.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.65 291.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.65 291.52 Td (22) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.80 291.52 Td (22.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.65 291.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.65 291.52 Td (10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.80 291.52 Td (0.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.65 291.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.65 291.52 Td (43) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.45 291.52 Td (\(8.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.30 291.52 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 279.52 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.30 279.52 Td (\(2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.65 279.52 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.45 279.52 Td (\(0.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.30 279.52 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.30 279.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.65 279.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.30 279.52 Td (\(5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.65 279.52 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.45 279.52 Td (\(0.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.30 279.52 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.30 279.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.65 279.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 267.52 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.00 267.52 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.65 267.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.30 267.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.65 267.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.00 267.52 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.65 267.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.30 267.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.65 267.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.00 267.52 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.65 267.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.30 267.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.65 267.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.00 267.52 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.65 267.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 537.30 267.52 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 550.65 267.52 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 248.40 Td (Upon ) Tj ET Q q 0 0 0 rg BT 74.22 248.40 Td (the ) Tj ET Q q 0 0 0 rg BT 88.44 248.40 Td (transaction ) Tj ET Q q 0 0 0 rg BT 134.31 248.40 Td (forming ) Tj ET Q q 0 0 0 rg BT 168.09 248.40 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 191.20 248.40 Td (on ) Tj ET Q q 0 0 0 rg BT 203.20 248.40 Td (December ) Tj ET Q q 0 0 0 rg BT 246.28 248.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 260.79 248.40 Td (2010, ) Tj ET Q q 0 0 0 rg BT 285.29 248.40 Td (a ) Tj ET Q q 0 0 0 rg BT 291.73 248.40 Td (yearly ) Tj ET Q q 0 0 0 rg BT 318.71 248.40 Td (limitation ) Tj ET Q q 0 0 0 rg BT 359.60 248.40 Td (as ) Tj ET Q q 0 0 0 rg BT 369.93 248.40 Td (required ) Tj ET Q q 0 0 0 rg BT 405.25 248.40 Td (by ) Tj ET Q q 0 0 0 rg BT 417.25 248.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 437.03 248.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 451.25 248.40 Td (law ) Tj ET Q q 0 0 0 rg BT 467.69 248.40 Td (Section ) Tj ET Q q 0 0 0 rg BT 499.69 248.40 Td (382 ) Tj ET Q q 0 0 0 rg BT 516.69 248.40 Td (that ) Tj ET Q q 0 0 0 rg BT 533.68 248.40 Td (applies ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 236.40 Td (to ) Tj ET Q q 0 0 0 rg BT 61.33 236.40 Td (changes ) Tj ET Q q 0 0 0 rg BT 97.10 236.40 Td (in ) Tj ET Q q 0 0 0 rg BT 108.43 236.40 Td (ownership ) Tj ET Q q 0 0 0 rg BT 153.65 236.40 Td (on ) Tj ET Q q 0 0 0 rg BT 167.20 236.40 Td (the ) Tj ET Q q 0 0 0 rg BT 182.98 236.40 Td (future ) Tj ET Q q 0 0 0 rg BT 210.41 236.40 Td (utilization ) Tj ET Q q 0 0 0 rg BT 254.51 236.40 Td (of ) Tj ET Q q 0 0 0 rg BT 265.61 236.40 Td (Atlas) Tj ET Q q 0 0 0 rg BT 289.31 236.40 Td ( ) Tj ET Q q 0 0 0 rg BT 292.87 236.40 Td (net ) Tj ET Q q 0 0 0 rg BT 308.64 236.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 349.96 236.40 Td (loss ) Tj ET Q q 0 0 0 rg BT 369.08 236.40 Td (carry-forwards ) Tj ET Q q 0 0 0 rg BT 432.04 236.40 Td (was ) Tj ET Q q 0 0 0 rg BT 451.15 236.40 Td (calculated. ) Tj ET Q q 0 0 0 rg BT 497.73 236.40 Td ( ) Tj ET Q q 0 0 0 rg BT 501.29 236.40 Td ( ) Tj ET Q q 0 0 0 rg BT 504.59 236.40 Td (The ) Tj ET Q q 0 0 0 rg BT 523.69 236.40 Td (insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 224.40 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 99.80 224.40 Td ( ) Tj ET Q q 0 0 0 rg BT 102.39 224.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 124.42 224.40 Td (parent ) Tj ET Q q 0 0 0 rg BT 151.99 224.40 Td (retained ) Tj ET Q q 0 0 0 rg BT 186.78 224.40 Td (those ) Tj ET Q q 0 0 0 rg BT 210.48 224.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 225.28 224.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 251.20 224.40 Td (previously ) Tj ET Q q 0 0 0 rg BT 296.01 224.40 Td (attributed ) Tj ET Q q 0 0 0 rg BT 336.91 224.40 Td (to ) Tj ET Q q 0 0 0 rg BT 347.28 224.40 Td (the ) Tj ET Q q 0 0 0 rg BT 362.08 224.40 Td (insurance ) Tj ET Q q 0 0 0 rg BT 402.99 224.40 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 452.79 224.40 Td (which ) Tj ET Q q 0 0 0 rg BT 479.82 224.40 Td (could ) Tj ET Q q 0 0 0 rg BT 504.62 224.40 Td (not ) Tj ET Q q 0 0 0 rg BT 519.99 224.40 Td (be ) Tj ET Q q 0 0 0 rg BT 532.02 224.40 Td (utilized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 212.40 Td (by ) Tj ET Q q 0 0 0 rg BT 62.27 212.40 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 86.28 212.40 Td (as ) Tj ET Q q 0 0 0 rg BT 97.52 212.40 Td (a ) Tj ET Q q 0 0 0 rg BT 104.87 212.40 Td (result ) Tj ET Q q 0 0 0 rg BT 129.99 212.40 Td (of ) Tj ET Q q 0 0 0 rg BT 141.23 212.40 Td (this ) Tj ET Q q 0 0 0 rg BT 158.58 212.40 Td (limitation. ) Tj ET Q q 0 0 0 rg BT 202.88 212.40 Td ( ) Tj ET Q q 0 0 0 rg BT 205.15 212.40 Td (As ) Tj ET Q q 0 0 0 rg BT 219.17 212.40 Td (a ) Tj ET Q q 0 0 0 rg BT 226.51 212.40 Td (result, ) Tj ET Q q 0 0 0 rg BT 253.50 212.40 Td (Atlas) Tj ET Q q 0 0 0 rg BT 277.19 212.40 Td ( ) Tj ET Q q 0 0 0 rg BT 280.10 212.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 308.56 212.40 Td (to ) Tj ET Q q 0 0 0 rg BT 319.24 212.40 Td (recognize ) Tj ET Q q 0 0 0 rg BT 361.01 212.40 Td (future ) Tj ET Q q 0 0 0 rg BT 387.80 212.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 402.92 212.40 Td (benefits ) Tj ET Q q 0 0 0 rg BT 437.49 212.40 Td (associated ) Tj ET Q q 0 0 0 rg BT 481.49 212.40 Td (with ) Tj ET Q q 0 0 0 rg BT 502.17 212.40 Td (a ) Tj ET Q q 0 0 0 rg BT 509.52 212.40 Td (portion ) Tj ET Q q 0 0 0 rg BT 541.31 212.40 Td (of ) Tj ET Q q 0 0 0 rg BT 552.55 212.40 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 200.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 86.33 200.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 101.57 200.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 127.92 200.40 Td (generated ) Tj ET Q q 0 0 0 rg BT 169.81 200.40 Td (during ) Tj ET Q q 0 0 0 rg BT 198.94 200.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 221.41 200.40 Td (years ) Tj ET Q q 0 0 0 rg BT 245.53 200.40 Td (and ) Tj ET Q q 0 0 0 rg BT 262.99 200.40 Td (the ) Tj ET Q q 0 0 0 rg BT 278.23 200.40 Td (current ) Tj ET Q q 0 0 0 rg BT 309.57 200.40 Td (year ) Tj ET Q q 0 0 0 rg BT 329.80 200.40 Td (have ) Tj ET Q q 0 0 0 rg BT 351.70 200.40 Td (been ) Tj ET Q q 0 0 0 rg BT 373.60 200.40 Td (permanently ) Tj ET Q q 0 0 0 rg BT 426.61 200.40 Td (limited ) Tj ET Q q 0 0 0 rg BT 457.96 200.40 Td (to ) Tj ET Q q 0 0 0 rg BT 468.76 200.40 Td (the ) Tj ET Q q 0 0 0 rg BT 484.00 200.40 Td (amount ) Tj ET Q q 0 0 0 rg BT 517.02 200.40 Td (determined ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 188.40 Td (under ) Tj ET Q q 0 0 0 rg BT 74.68 188.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 94.38 188.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 108.51 188.40 Td (law ) Tj ET Q q 0 0 0 rg BT 124.86 188.40 Td (Section ) Tj ET Q q 0 0 0 rg BT 156.77 188.40 Td (382. ) Tj ET Q q 0 0 0 rg BT 176.05 188.40 Td (The ) Tj ET Q q 0 0 0 rg BT 193.51 188.40 Td (result ) Tj ET Q q 0 0 0 rg BT 217.64 188.40 Td (is ) Tj ET Q q 0 0 0 rg BT 226.22 188.40 Td (a ) Tj ET Q q 0 0 0 rg BT 232.58 188.40 Td (maximum ) Tj ET Q q 0 0 0 rg BT 275.04 188.40 Td (expected ) Tj ET Q q 0 0 0 rg BT 312.49 188.40 Td (net ) Tj ET Q q 0 0 0 rg BT 326.62 188.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 361.84 188.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 375.97 188.40 Td (asset ) Tj ET Q q 0 0 0 rg BT 397.32 188.40 Td (which ) Tj ET Q q 0 0 0 rg BT 423.25 188.40 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 446.28 188.40 Td (has ) Tj ET Q q 0 0 0 rg BT 461.52 188.40 Td (available ) Tj ET Q q 0 0 0 rg BT 499.52 188.40 Td (after ) Tj ET Q q 0 0 0 rg BT 519.75 188.40 Td (the ) Tj ET Q q 0 0 0 rg BT 533.88 188.40 Td (mer) Tj ET Q q 0 0 0 rg BT 549.25 188.40 Td (ger ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 176.40 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 176.40 Td (is ) Tj ET Q q 0 0 0 rg BT 86.11 176.40 Td (believed ) Tj ET Q q 0 0 0 rg BT 122.48 176.40 Td (more-likely-than-not ) Tj ET Q q 0 0 0 rg BT 208.29 176.40 Td (to ) Tj ET Q q 0 0 0 rg BT 218.56 176.40 Td (be ) Tj ET Q q 0 0 0 rg BT 230.50 176.40 Td (utilized ) Tj ET Q q 0 0 0 rg BT 262.99 176.40 Td (in ) Tj ET Q q 0 0 0 rg BT 273.27 176.40 Td (the ) Tj ET Q q 0 0 0 rg BT 287.99 176.40 Td (future, ) Tj ET Q q 0 0 0 rg BT 316.87 176.40 Td (after ) Tj ET Q q 0 0 0 rg BT 337.68 176.40 Td (consideration ) Tj ET Q q 0 0 0 rg BT 394.05 176.40 Td (of ) Tj ET Q q 0 0 0 rg BT 404.88 176.40 Td (valuation ) Tj ET Q q 0 0 0 rg BT 444.59 176.40 Td (allowance. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 157.60 Td (Net ) Tj ET Q q 0 0 0 rg BT 67.49 157.60 Td (Income/Loss ) Tj ET Q q 0 0 0 rg BT 123.88 157.60 Td (and ) Tj ET Q q 0 0 0 rg BT 142.50 157.60 Td (Earnings/Loss ) Tj ET Q q 0 0 0 rg BT 206.14 157.60 Td (per) Tj ET Q q 0 0 0 rg BT 220.40 157.60 Td ( ) Tj ET Q q 0 0 0 rg BT 222.90 157.60 Td (Common ) Tj ET Q q 0 0 0 rg BT 264.84 157.60 Td (Shar) Tj ET Q q 0 0 0 rg BT 285.22 157.60 Td (e ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 140.60 Td (Atlas ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.17 140.60 Td (earned) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 99.82 140.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 101.88 140.60 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 121.45 140.60 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 150.34 140.60 Td ( ) Tj ET Q q 0 0 0 rg BT 152.40 140.60 Td (during ) Tj ET Q q 0 0 0 rg BT 180.58 140.60 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.86 140.60 Td (three ) Tj ET Q q 0 0 0 rg BT 216.91 140.60 Td (month ) Tj ET Q q 0 0 0 rg BT 244.53 140.60 Td (period ) Tj ET Q q 0 0 0 rg BT 272.14 140.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 298.08 140.60 Td (September ) Tj ET Q q 0 0 0 rg BT 342.91 140.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 357.47 140.60 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.47 140.60 Td ( ) Tj ET Q q 0 0 0 rg BT 379.54 140.60 Td (versus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 140.60 Td (income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.59 140.60 Td ( ) Tj ET Q q 0 0 0 rg BT 438.65 140.60 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.05 140.60 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 468.61 140.60 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.50 140.60 Td ( ) Tj ET Q q 0 0 0 rg BT 499.57 140.60 Td (during ) Tj ET Q q 0 0 0 rg BT 527.74 140.60 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.02 140.60 Td (three ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 128.60 Td (month ) Tj ET Q q 0 0 0 rg BT 78.29 128.60 Td (period ) Tj ET Q q 0 0 0 rg BT 106.58 128.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 133.20 128.60 Td (September ) Tj ET Q q 0 0 0 rg BT 178.70 128.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 193.94 128.60 Td (201) Tj ET Q q 0 0 0 rg BT 208.56 128.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.56 128.60 Td ( ) Tj ET Q q 0 0 0 rg BT 216.30 128.60 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.48 128.60 Td (income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.91 128.60 Td ( ) Tj ET Q q 0 0 0 rg BT 265.65 128.60 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.72 128.60 Td ($130) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.72 128.60 Td (,000 ) Tj ET Q q 0 0 0 rg BT 316.96 128.60 Td (for ) Tj ET Q q 0 0 0 rg BT 331.36 128.60 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.31 128.60 Td (three ) Tj ET Q q 0 0 0 rg BT 369.04 128.60 Td (month ) Tj ET Q q 0 0 0 rg BT 397.33 128.60 Td (period ) Tj ET Q q 0 0 0 rg BT 425.62 128.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 452.23 128.60 Td (June ) Tj ET Q q 0 0 0 rg BT 473.30 128.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 488.54 128.60 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.54 128.60 Td (. ) Tj ET Q q 0 0 0 rg BT 513.17 128.60 Td (After ) Tj ET Q q 0 0 0 rg BT 537.01 128.60 Td (taking ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 116.60 Td (the ) Tj ET Q q 0 0 0 rg BT 65.32 116.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 95.63 116.60 Td (of ) Tj ET Q q 0 0 0 rg BT 107.06 116.60 Td (the ) Tj ET Q q 0 0 0 rg BT 122.37 116.60 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 168.80 116.60 Td (preference ) Tj ET Q q 0 0 0 rg BT 214.09 116.60 Td (of ) Tj ET Q q 0 0 0 rg BT 225.52 116.60 Td (the ) Tj ET Q q 0 0 0 rg BT 240.83 116.60 Td (preferred ) Tj ET Q q 0 0 0 rg BT 280.57 116.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 308.66 116.60 Td (into ) Tj ET Q q 0 0 0 rg BT 327.31 116.60 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 386.79 116.60 Td (the ) Tj ET Q q 0 0 0 rg BT 402.10 116.60 Td (basic ) Tj ET Q q 0 0 0 rg BT 425.75 116.60 Td (and ) Tj ET Q q 0 0 0 rg BT 443.29 116.60 Td (diluted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.16 116.60 Td (earnings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 508.04 116.60 Td ( ) Tj ET Q q 0 0 0 rg BT 511.14 116.60 Td (per ) Tj ET Q q 0 0 0 rg BT 527.00 116.60 Td (common ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 104.60 Td (share ) Tj ET Q q 0 0 0 rg BT 73.49 104.60 Td (in ) Tj ET Q q 0 0 0 rg BT 83.66 104.60 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.26 104.60 Td (three ) Tj ET Q q 0 0 0 rg BT 120.64 104.60 Td (month ) Tj ET Q q 0 0 0 rg BT 148.59 104.60 Td (period ) Tj ET Q q 0 0 0 rg BT 176.52 104.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 202.79 104.60 Td (September ) Tj ET Q q 0 0 0 rg BT 247.94 104.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 262.83 104.60 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.83 104.60 Td ( ) Tj ET Q q 0 0 0 rg BT 285.22 104.60 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 303.17 104.60 Td ($0.08) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.67 104.60 Td ( ) Tj ET Q q 0 0 0 rg BT 328.06 104.60 Td (versus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.00 104.60 Td (earnings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.88 104.60 Td ( ) Tj ET Q q 0 0 0 rg BT 392.27 104.60 Td (per ) Tj ET Q q 0 0 0 rg BT 407.42 104.60 Td (common ) Tj ET Q q 0 0 0 rg BT 444.81 104.60 Td (share ) Tj ET Q q 0 0 0 rg BT 468.30 104.60 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.02 104.60 Td ($0.05) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.52 104.60 Td ( ) Tj ET Q q 0 0 0 rg BT 503.91 104.60 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.08 104.60 Td (three ) Tj ET Q q 0 0 0 rg BT 536.45 104.60 Td (month ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 92.60 Td (period ) Tj ET Q q 0 0 0 rg BT 78.05 92.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 104.42 92.60 Td (September ) Tj ET Q q 0 0 0 rg BT 149.69 92.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 164.69 92.60 Td (201) Tj ET Q q 0 0 0 rg BT 179.32 92.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 184.32 92.60 Td ( ) Tj ET Q q 0 0 0 rg BT 186.82 92.60 Td (and ) Tj ET Q q 0 0 0 rg BT 203.75 92.60 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.69 92.60 Td (loss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.25 92.60 Td ( ) Tj ET Q q 0 0 0 rg BT 228.75 92.60 Td (per ) Tj ET Q q 0 0 0 rg BT 244.02 92.60 Td (common ) Tj ET Q q 0 0 0 rg BT 281.52 92.60 Td (share ) Tj ET Q q 0 0 0 rg BT 305.12 92.60 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 315.95 92.60 Td ($0.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.45 92.60 Td ( ) Tj ET Q q 0 0 0 rg BT 340.95 92.60 Td (in ) Tj ET Q q 0 0 0 rg BT 351.23 92.60 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 365.94 92.60 Td (three ) Tj ET Q q 0 0 0 rg BT 388.43 92.60 Td (month ) Tj ET Q q 0 0 0 rg BT 416.48 92.60 Td (period ) Tj ET Q q 0 0 0 rg BT 444.53 92.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 470.91 92.60 Td (June ) Tj ET Q q 0 0 0 rg BT 491.74 92.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 506.74 92.60 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.74 92.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 75.60 Td (For ) Tj ET Q q 0 0 0 rg BT 65.89 75.60 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.11 75.60 Td (three ) Tj ET Q q 0 0 0 rg BT 102.10 75.60 Td (month ) Tj ET Q q 0 0 0 rg BT 129.66 75.60 Td (period ) Tj ET Q q 0 0 0 rg BT 157.21 75.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 183.09 75.60 Td (September ) Tj ET Q q 0 0 0 rg BT 227.85 75.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 242.35 75.60 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 262.35 75.60 Td (, ) Tj ET Q q 0 0 0 rg BT 266.86 75.60 Td (there ) Tj ET Q q 0 0 0 rg BT 288.84 75.60 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.27 75.60 Td (18,433,153) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.27 75.60 Td ( ) Tj ET Q q 0 0 0 rg BT 357.28 75.60 Td (weighted ) Tj ET Q q 0 0 0 rg BT 395.93 75.60 Td (average ) Tj ET Q q 0 0 0 rg BT 429.02 75.60 Td (common ) Tj ET Q q 0 0 0 rg BT 466.02 75.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 493.01 75.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 541.67 75.60 Td ( ) Tj ET Q q 0 0 0 rg BT 543.68 75.60 Td (used ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 63.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.22 63.60 Td (compute ) Tj ET Q q 0 0 0 rg BT 95.09 63.60 Td (basic ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 117.08 63.60 Td (earnings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 150.95 63.60 Td ( ) Tj ET Q q 0 0 0 rg BT 152.39 63.60 Td (per ) Tj ET Q q 0 0 0 rg BT 166.60 63.60 Td (share ) Tj ET Q q 0 0 0 rg BT 189.14 63.60 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 205.02 63.60 Td (18,447,902) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.02 63.60 Td ( ) Tj ET Q q 0 0 0 rg BT 251.46 63.60 Td (used ) Tj ET Q q 0 0 0 rg BT 271.23 63.60 Td (for ) Tj ET Q q 0 0 0 rg BT 284.33 63.60 Td (diluted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.54 63.60 Td (earnings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 347.42 63.60 Td ( ) Tj ET Q q 0 0 0 rg BT 348.86 63.60 Td (per ) Tj ET Q q 0 0 0 rg BT 363.06 63.60 Td (share. ) Tj ET Q q 0 0 0 rg BT 388.10 63.60 Td ( ) Tj ET Q q 0 0 0 rg BT 389.54 63.60 Td (For ) Tj ET Q q 0 0 0 rg BT 404.87 63.60 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.53 63.60 Td (three ) Tj ET Q q 0 0 0 rg BT 439.95 63.60 Td (month ) Tj ET Q q 0 0 0 rg BT 466.95 63.60 Td (period ) Tj ET Q q 0 0 0 rg BT 493.94 63.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 519.25 63.60 Td (September ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 51.60 Td (30, ) Tj ET Q q 0 0 0 rg BT 65.75 51.60 Td (201) Tj ET Q q 0 0 0 rg BT 80.38 51.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.38 51.60 Td (, ) Tj ET Q q 0 0 0 rg BT 91.14 51.60 Td (there ) Tj ET Q q 0 0 0 rg BT 114.37 51.60 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 137.06 51.60 Td (18,374,968) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.06 51.60 Td ( ) Tj ET Q q 0 0 0 rg BT 185.31 51.60 Td (weighted ) Tj ET Q q 0 0 0 rg BT 225.22 51.60 Td (average ) Tj ET Q q 0 0 0 rg BT 259.56 51.60 Td (common ) Tj ET Q q 0 0 0 rg BT 297.80 51.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 326.05 51.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 375.97 51.60 Td (used ) Tj ET Q q 0 0 0 rg BT 397.55 51.60 Td (to ) Tj ET Q q 0 0 0 rg BT 408.58 51.60 Td (compute ) Tj ET Q q 0 0 0 rg BT 446.27 51.60 Td (basic ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.07 51.60 Td (earnings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 503.95 51.60 Td ( ) Tj ET Q q 0 0 0 rg BT 507.20 51.60 Td (per ) Tj ET Q q 0 0 0 rg BT 523.22 51.60 Td (share ) Tj ET Q q 0 0 0 rg BT 547.57 51.60 Td (and ) Tj ET Q q 0 0 0 rg BT 564.51 51.60 Td ( ) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 63 0 obj <>] /Rotate 0 /Contents 64 0 R>> endobj 64 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (18,415,488) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.45 742.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 124.89 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 139.00 742.10 Td (diluted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 169.23 742.10 Td (earnings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.11 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.56 742.10 Td (per ) Tj ET Q q 0 0 0 rg BT 220.78 742.10 Td (common ) Tj ET Q q 0 0 0 rg BT 258.22 742.10 Td (share. ) Tj ET Q q 0 0 0 rg BT 284.27 742.10 Td (Finally) Tj ET Q q 0 0 0 rg BT 311.96 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 316.91 742.10 Td (there ) Tj ET Q q 0 0 0 rg BT 339.35 742.10 Td (were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 361.23 742.10 Td (18,433,153) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.23 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 408.68 742.10 Td (common ) Tj ET Q q 0 0 0 rg BT 446.12 742.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 473.56 742.10 Td (used ) Tj ET Q q 0 0 0 rg BT 494.35 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.58 742.10 Td (compute ) Tj ET Q q 0 0 0 rg BT 541.46 742.10 Td (basic ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 730.10 Td (diluted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 97.21 730.10 Td (loss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 112.77 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 115.27 730.10 Td (per ) Tj ET Q q 0 0 0 rg BT 130.54 730.10 Td (common ) Tj ET Q q 0 0 0 rg BT 168.04 730.10 Td (share ) Tj ET Q q 0 0 0 rg BT 191.64 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 205.80 730.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.51 730.10 Td (three ) Tj ET Q q 0 0 0 rg BT 243.00 730.10 Td (month ) Tj ET Q q 0 0 0 rg BT 271.05 730.10 Td (period ) Tj ET Q q 0 0 0 rg BT 299.10 730.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 325.48 730.10 Td (June ) Tj ET Q q 0 0 0 rg BT 346.31 730.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 361.31 730.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.31 730.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 713.10 Td (Atlas ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.81 713.10 Td (earned) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 100.45 713.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.15 713.10 Td ($1.9 ) Tj ET Q q 0 0 0 rg BT 123.35 713.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.24 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.94 713.10 Td (during ) Tj ET Q q 0 0 0 rg BT 183.75 713.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.67 713.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 218.58 713.10 Td (month ) Tj ET Q q 0 0 0 rg BT 246.84 713.10 Td (period ) Tj ET Q q 0 0 0 rg BT 275.08 713.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 301.66 713.10 Td (September ) Tj ET Q q 0 0 0 rg BT 347.12 713.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 362.32 713.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 382.32 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 385.02 713.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 427.14 713.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.62 713.10 Td (income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.06 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 469.75 713.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.78 713.10 Td ($555) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.78 713.10 Td (,000 ) Tj ET Q q 0 0 0 rg BT 520.98 713.10 Td (during ) Tj ET Q q 0 0 0 rg BT 549.79 713.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 701.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 69.69 701.10 Td (month ) Tj ET Q q 0 0 0 rg BT 97.71 701.10 Td (period ) Tj ET Q q 0 0 0 rg BT 125.73 701.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 152.07 701.10 Td (September ) Tj ET Q q 0 0 0 rg BT 197.30 701.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 212.27 701.10 Td (201) Tj ET Q q 0 0 0 rg BT 226.90 701.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.90 701.10 Td (. ) Tj ET Q q 0 0 0 rg BT 236.69 701.10 Td (The ) Tj ET Q q 0 0 0 rg BT 254.70 701.10 Td (basic ) Tj ET Q q 0 0 0 rg BT 277.72 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.63 701.10 Td (diluted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.87 701.10 Td (earnings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.75 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 361.21 701.10 Td (per ) Tj ET Q q 0 0 0 rg BT 376.45 701.10 Td (common ) Tj ET Q q 0 0 0 rg BT 413.91 701.10 Td (share ) Tj ET Q q 0 0 0 rg BT 437.48 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 447.73 701.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.41 701.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 482.10 701.10 Td (month ) Tj ET Q q 0 0 0 rg BT 510.12 701.10 Td (period ) Tj ET Q q 0 0 0 rg BT 538.14 701.10 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 689.10 Td (September ) Tj ET Q q 0 0 0 rg BT 95.26 689.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 110.26 689.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.26 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.76 689.10 Td (was ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 150.82 689.10 Td ($0.07) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.32 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m 455.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 639.6 m 555.5 639.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 624.6 m 555.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 579.6 m 355.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 579.6 m 455.5 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 579.6 m 555.5 579.6 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 58.00 628.83 Td (\(in '000s, except for) Tj ET Q q 0 0 0 rg BT 124.51 628.83 Td ( shar) Tj ET Q q 0 0 0 rg BT 141.48 628.83 Td (es and per) Tj ET Q q 0 0 0 rg BT 176.45 628.83 Td ( shar) Tj ET Q q 0 0 0 rg BT 193.41 628.83 Td (e data\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 263.25 629.28 Td (September 30, 2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 375.95 629.28 Td (June 30, 2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 463.55 629.28 Td (September 30, 2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 614.27 Td (Shareholders' Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.15 614.27 Td (59,103) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.15 614.27 Td (57,031) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.15 614.27 Td (58,781) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 599.27 Td (Preferred stock in Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.15 599.27 Td (18,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.15 599.27 Td (18,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.15 599.27 Td (18,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 584.27 Td (Accumulated dividends on preferred stock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.15 584.27 Td (1,416) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.15 584.27 Td (1,212) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.65 584.27 Td (606) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 569.27 Td (Common Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.15 569.27 Td (39,687) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.15 569.27 Td (37,819) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 524.15 569.27 Td (40,175) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 554.27 Td (Shares outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 306.65 554.27 Td (18,433,153) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 406.65 554.27 Td (18,433,153) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.65 554.27 Td (18,376,887) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 58.00 539.27 Td (Book value per common share outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.00 539.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.15 539.27 Td (2.15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.00 539.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.15 539.27 Td (2.05) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.00 539.27 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.15 539.27 Td (2.19) Tj ET Q BT /F2 10.00 Tf ET BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj 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0.9333333333333333 1 rg /GS0 gs 49.50 198.75 366.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 415.50 198.75 71.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 198.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 198.75 71.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 645.75 m 486.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 645.75 m 490.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 645.75 m 561.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 597.75 m 486.5 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 597.75 m 490.5 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 597.75 m 561.5 597.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 465.75 m 486.5 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 465.75 m 490.5 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 465.75 m 561.5 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 454.75 m 486.5 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 452.75 m 486.5 452.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 454.75 m 490.5 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 452.75 m 490.5 452.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 454.75 m 561.5 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 452.75 m 561.5 452.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 381.75 m 486.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 381.75 m 490.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 381.75 m 561.5 381.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 370.75 m 486.5 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 368.75 m 486.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 370.75 m 490.5 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 368.75 m 490.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 370.75 m 561.5 370.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 368.75 m 561.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 210.75 m 486.5 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 210.75 m 490.5 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 210.75 m 561.5 210.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 198.75 m 486.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 198.75 m 490.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 198.75 m 561.5 198.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 187.75 m 486.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 185.75 m 486.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 187.75 m 490.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 185.75 m 490.5 185.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 187.75 m 561.5 187.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 185.75 m 561.5 185.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 710.48 Td (Consolidated Statements of Financial Condition) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 691.37 Td (\($ in thousands, except par values\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 420.00 671.98 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 440.50 661.98 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 425.45 651.98 Td (\(unaudited\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 496.40 666.98 Td (December 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 515.75 656.98 Td (2011) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 218.65 634.91259765625 m 245.3150390625 634.91259765625 l s q 0 0 0 rg BT 218.65 636.48 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 624.37 Td (Investments, available for sale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 612.37 Td (Fixed income securities, at fair value \(Amortized cost $106,122 and $101,473\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.00 612.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 612.37 Td (109,555) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 612.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 612.37 Td (103,491) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.00 600.37 Td (Equity securities, at fair value \(cost $0 and $994\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.65 600.37 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 600.37 Td (1,141) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.00 588.37 Td (Total Investments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 588.37 Td (109,555) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 588.37 Td (104,632) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 576.37 Td (Cash and cash equivalents) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.15 576.37 Td (12,151) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 576.37 Td (23,249) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 564.37 Td (Accrued investment income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 564.37 Td (807) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 564.37 Td (586) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 552.37 Td (Accounts receivable and other assets \(Net of allowance of $385 and $4,254\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.15 552.37 Td (24,811) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 552.37 Td (9,579) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 540.37 Td (Reinsurance recoverables, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 540.37 Td (6,983) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 540.37 Td (8,044) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 528.37 Td (Prepaid reinsurance premiums) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 528.37 Td (2,219) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 528.37 Td (2,214) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 516.37 Td (Deferred policy acquisition costs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 516.37 Td (4,501) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 516.37 Td (3,020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 504.37 Td (Deferred tax asset, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 504.37 Td (6,343) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 504.37 Td (6,775) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 492.37 Td (Software and office equipment, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 492.37 Td (1,157) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.65 492.37 Td (440) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 480.37 Td (Assets held for sale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 480.37 Td (166) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 480.37 Td (13,634) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 468.37 Td (Investment in investees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 468.37 Td (1,250) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 468.37 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.00 456.48 Td (Total Assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.00 456.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 456.37 Td (169,943) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 456.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 456.37 Td (172,173) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 210.6 430.91259765625 m 253.383203125 430.91259765625 l s q 0 0 0 rg BT 210.60 432.48 Td (Liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 420.37 Td (Claims liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.00 420.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.15 420.37 Td (73,574) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 420.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 420.37 Td (91,643) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 408.37 Td (Unearned premiums) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.15 408.37 Td (28,325) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 408.37 Td (15,691) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 396.37 Td (Due to reinsurers and other insurers) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 396.37 Td (4,658) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 396.37 Td (5,701) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 384.37 Td (Other liabilities and accrued expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 384.37 Td (4,283) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 384.37 Td (2,884) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.00 372.48 Td (Total Liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.00 372.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 372.37 Td (110,840) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 372.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 372.37 Td (115,919) Tj ET Q BT /F3 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 186.75 346.91259765625 m 277.228515625 346.91259765625 l s q 0 0 0 rg BT 186.75 348.48 Td (Shareholders Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 336.32 Td (Preferred shares, par value per share $0.001, 100,000,000 shares authorized, 18,000,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 326.32 Td (shares issued and outstanding at September 30, 2012 and December 31, 2011.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 316.32 Td (Liquidation value $1.00 per share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.00 317.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.15 317.42 Td (18,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 317.42 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 317.42 Td (18,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 303.32 Td (Ordinary voting common shares, par value per share $0.001, 800,000,000 shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 293.32 Td (authorized, 4,628,292 shares issued and outstanding at September 30, 2012 and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 283.32 Td (4,625,526 at December 31, 2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.65 284.42 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.65 284.42 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 270.32 Td (Restricted voting common shares, par value per share $0.001, 100,000,000 shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 260.32 Td (authorized, 13,804,861 shares issued and outstanding at September 30, 2012 and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 250.32 Td (December 31, 2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 472.65 251.42 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 251.42 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 237.37 Td (Additional paid-in capital) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 237.37 Td (152,739) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 237.37 Td (152,652) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 225.37 Td (Retained deficit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.80 225.37 Td (\(113,919) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.65 225.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.80 225.37 Td (\(115,841) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 225.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 213.37 Td (Accumulated other comprehensive income, net of tax) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 213.37 Td (2,265) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 213.37 Td (1,425) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.00 201.48 Td (Total Shareholders Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.00 201.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.15 201.37 Td (59,103) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 201.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 201.37 Td (56,254) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 88.00 189.48 Td (Total Liabilities and Shareholders Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.00 189.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 189.37 Td (169,943) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.00 189.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 189.37 Td (172,173) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 158.25 Td (Investments) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 141.25 Td (Investments ) Tj ET Q q 0 0 0 rg BT 104.17 141.25 Td (Overview ) Tj ET Q q 0 0 0 rg BT 147.76 141.25 Td (and ) Tj ET Q q 0 0 0 rg BT 166.38 141.25 Td (Strategy) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 74.14 124.25 Td (aligns ) Tj ET Q q 0 0 0 rg BT 101.06 124.25 Td (its ) Tj ET Q q 0 0 0 rg BT 113.55 124.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 154.35 124.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 192.38 124.25 Td (to ) Tj ET Q q 0 0 0 rg BT 203.19 124.25 Td (support ) Tj ET Q q 0 0 0 rg BT 236.22 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.47 124.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 291.73 124.25 Td (and ) Tj ET Q q 0 0 0 rg BT 309.20 124.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 350.00 124.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 370.80 124.25 Td (needs ) Tj ET Q q 0 0 0 rg BT 396.60 124.25 Td (of ) Tj ET Q q 0 0 0 rg BT 407.97 124.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.22 124.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 464.57 124.25 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 517.32 124.25 Td (to ) Tj ET Q q 0 0 0 rg BT 528.13 124.25 Td (preserve ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 79.23 112.25 Td (and ) Tj ET Q q 0 0 0 rg BT 96.25 112.25 Td (to ) Tj ET Q q 0 0 0 rg BT 106.62 112.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 143.06 112.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 189.53 112.25 Td (returns. ) Tj ET Q q 0 0 0 rg BT 221.81 112.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 245.50 112.25 Td (invests ) Tj ET Q q 0 0 0 rg BT 275.86 112.25 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 336.76 112.25 Td (in ) Tj ET Q q 0 0 0 rg BT 347.13 112.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 387.46 112.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.48 112.25 Td (government ) Tj ET Q q 0 0 0 rg BT 454.83 112.25 Td (bonds ) Tj ET Q q 0 0 0 rg BT 481.30 112.25 Td (with ) Tj ET Q q 0 0 0 rg BT 501.67 112.25 Td (relatively ) Tj ET Q q 0 0 0 rg BT 542.01 112.25 Td (short ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (durations ) Tj ET Q q 0 0 0 rg BT 89.88 100.25 Td (that ) Tj ET Q q 0 0 0 rg BT 107.55 100.25 Td (correlate ) Tj ET Q q 0 0 0 rg BT 145.19 100.25 Td (with ) Tj ET Q q 0 0 0 rg BT 165.63 100.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.52 100.25 Td (payout ) Tj ET Q q 0 0 0 rg BT 210.40 100.25 Td (patterns ) Tj ET Q q 0 0 0 rg BT 244.72 100.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.13 100.25 Td (Atlas) Tj ET Q q 0 0 0 rg BT 278.83 100.25 Td ( ) Tj ET Q q 0 0 0 rg BT 281.49 100.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 310.27 100.25 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 352.06 100.25 Td (A) Tj ET Q q 0 0 0 rg BT 358.73 100.25 Td ( ) Tj ET Q q 0 0 0 rg BT 361.40 100.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 406.83 100.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 453.38 100.25 Td (management ) Tj ET Q q 0 0 0 rg BT 507.14 100.25 Td (firm ) Tj ET Q q 0 0 0 rg BT 527.02 100.25 Td (manages ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (Atlas) Tj ET Q q 0 0 0 rg BT 73.70 88.25 Td ( ) Tj ET Q q 0 0 0 rg BT 76.14 88.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 122.46 88.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 159.89 88.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 196.77 88.25 Td (to ) Tj ET Q q 0 0 0 rg BT 206.98 88.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.64 88.25 Td (Company) Tj ET Q q 0 0 0 rg BT 263.31 88.25 Td (s ) Tj ET Q q 0 0 0 rg BT 269.64 88.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 315.96 88.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 349.50 88.25 Td (and ) Tj ET Q q 0 0 0 rg BT 366.38 88.25 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 409.92 88.25 Td (as ) Tj ET Q q 0 0 0 rg BT 420.69 88.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 460.33 88.25 Td (by ) Tj ET Q q 0 0 0 rg BT 472.77 88.25 Td (its ) Tj ET Q q 0 0 0 rg BT 484.66 88.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 511.54 88.25 Td (of ) Tj ET Q q 0 0 0 rg BT 522.31 88.25 Td (Directors. ) Tj ET Q q 0 0 0 rg BT 564.51 88.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 73.24 76.25 Td (monitors ) Tj ET Q q 0 0 0 rg BT 110.93 76.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.27 76.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 170.17 76.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 216.18 76.25 Td (manager) Tj ET Q q 0 0 0 rg BT 250.97 76.25 Td () Tj ET Q q 0 0 0 rg BT 253.75 76.25 Td (s ) Tj ET Q q 0 0 0 rg BT 259.77 76.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 312.43 76.25 Td (and ) Tj ET Q q 0 0 0 rg BT 329.00 76.25 Td (its ) Tj ET Q q 0 0 0 rg BT 340.57 76.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 388.79 76.25 Td (with ) Tj ET Q q 0 0 0 rg BT 408.70 76.25 Td (both ) Tj ET Q q 0 0 0 rg BT 428.61 76.25 Td (its ) Tj ET Q q 0 0 0 rg BT 440.19 76.25 Td (mandate ) Tj ET Q q 0 0 0 rg BT 476.19 76.25 Td (and ) Tj ET Q q 0 0 0 rg BT 492.29 76.25 Td (Atlas) Tj ET Q q 0 0 0 rg BT 515.99 76.25 Td ( ) Tj ET Q q 0 0 0 rg BT 518.12 76.25 Td (investment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 64.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 83.60 64.25 Td (and ) Tj ET Q q 0 0 0 rg BT 100.54 64.25 Td (guidelines.) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 67 0 obj <>] /Rotate 0 /Contents 68 0 R>> endobj 68 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (33) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Atlas) Tj ET Q q 0 0 0 rg BT 73.70 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 78.59 742.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 127.37 742.10 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 173.36 742.10 Td (stress ) Tj ET Q q 0 0 0 rg BT 200.48 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.59 742.10 Td (preservation ) Tj ET Q q 0 0 0 rg BT 271.91 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.13 742.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 319.17 742.10 Td (market ) Tj ET Q q 0 0 0 rg BT 351.83 742.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 390.62 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.29 742.10 Td (support ) Tj ET Q q 0 0 0 rg BT 438.18 742.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 477.51 742.10 Td (ofliabilities ) Tj ET Q q 0 0 0 rg BT 530.45 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.78 742.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (diversification ) Tj ET Q q 0 0 0 rg BT 109.68 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.92 730.10 Td (risk. ) Tj ET Q q 0 0 0 rg BT 139.20 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 148.24 730.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 160.71 730.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 190.94 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 200.64 730.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 223.10 730.10 Td (income ) Tj ET Q q 0 0 0 rg BT 254.45 730.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 296.21 730.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 319.23 730.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 358.35 730.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 399.70 730.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 439.38 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 459.07 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.21 730.10 Td (expectation ) Tj ET Q q 0 0 0 rg BT 521.21 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.46 730.10 Td (holding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (them ) Tj ET Q q 0 0 0 rg BT 72.50 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.77 718.10 Td (their ) Tj ET Q q 0 0 0 rg BT 103.60 718.10 Td (maturities; ) Tj ET Q q 0 0 0 rg BT 148.87 718.10 Td (however) Tj ET Q q 0 0 0 rg BT 182.90 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 187.90 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.61 718.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 242.88 718.10 Td (are ) Tj ET Q q 0 0 0 rg BT 257.58 718.10 Td (available ) Tj ET Q q 0 0 0 rg BT 296.17 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 310.33 718.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 328.38 718.10 Td (if ) Tj ET Q q 0 0 0 rg BT 336.99 718.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 373.38 718.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 398.65 718.10 Td (arise. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 701.10 Td (Portfolio ) Tj ET Q q 0 0 0 rg BT 90.26 701.10 Td (Composition) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 684.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 73.24 684.10 Td (held ) Tj ET Q q 0 0 0 rg BT 92.59 684.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 132.48 684.10 Td (with ) Tj ET Q q 0 0 0 rg BT 152.39 684.10 Td (a ) Tj ET Q q 0 0 0 rg BT 158.96 684.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 174.96 684.10 Td (value ) Tj ET Q q 0 0 0 rg BT 198.75 684.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.21 684.10 Td ($109.6 ) Tj ET Q q 0 0 0 rg BT 238.84 684.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.73 684.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.86 684.10 Td (as ) Tj ET Q q 0 0 0 rg BT 280.32 684.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.78 684.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.13 684.10 Td (period ) Tj ET Q q 0 0 0 rg BT 332.81 684.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 358.82 684.10 Td (September ) Tj ET Q q 0 0 0 rg BT 403.71 684.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 418.34 684.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.34 684.10 Td (, ) Tj ET Q q 0 0 0 rg BT 442.97 684.10 Td (which ) Tj ET Q q 0 0 0 rg BT 469.54 684.10 Td (was ) Tj ET Q q 0 0 0 rg BT 487.22 684.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 531.01 684.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.47 684.10 Td (fixed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 672.10 Td (income ) Tj ET Q q 0 0 0 rg BT 82.41 672.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 125.44 672.10 Td (The ) Tj ET Q q 0 0 0 rg BT 143.96 672.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 184.70 672.10 Td (held ) Tj ET Q q 0 0 0 rg BT 204.90 672.10 Td (by ) Tj ET Q q 0 0 0 rg BT 217.87 672.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.07 672.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 274.36 672.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 324.56 672.10 Td (must ) Tj ET Q q 0 0 0 rg BT 346.98 672.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 379.95 672.10 Td (with ) Tj ET Q q 0 0 0 rg BT 400.71 672.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 444.78 672.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 492.19 672.10 Td (that ) Tj ET Q q 0 0 0 rg BT 510.16 672.10 Td (prescribe ) Tj ET Q q 0 0 0 rg BT 549.78 672.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 660.10 Td (type, ) Tj ET Q q 0 0 0 rg BT 71.94 660.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 101.95 660.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.61 660.10 Td (concentration ) Tj ET Q q 0 0 0 rg BT 175.26 660.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.82 660.10 Td (securities. ) Tj ET Q q 0 0 0 rg BT 228.15 660.10 Td (These ) Tj ET Q q 0 0 0 rg BT 254.25 660.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 300.92 660.10 Td (in ) Tj ET Q q 0 0 0 rg BT 310.92 660.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.37 660.10 Td (various ) Tj ET Q q 0 0 0 rg BT 357.03 660.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 408.70 660.10 Td (in ) Tj ET Q q 0 0 0 rg BT 418.71 660.10 Td (which ) Tj ET Q q 0 0 0 rg BT 445.38 660.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.82 660.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 500.37 660.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 549.81 660.10 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 648.10 Td (domiciled ) Tj ET Q q 0 0 0 rg BT 93.06 648.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 122.23 648.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 173.07 648.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.92 648.10 Td (government, ) Tj ET Q q 0 0 0 rg BT 237.25 648.10 Td (state, ) Tj ET Q q 0 0 0 rg BT 261.15 648.10 Td (municipal ) Tj ET Q q 0 0 0 rg BT 304.21 648.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.71 648.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 362.54 648.10 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 392.00 648.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 431.70 648.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.21 648.10 Td (common ) Tj ET Q q 0 0 0 rg BT 487.27 648.10 Td (equities, ) Tj ET Q q 0 0 0 rg BT 523.95 648.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.45 648.10 Td (other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 636.10 Td (high ) Tj ET Q q 0 0 0 rg BT 70.28 636.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 100.55 636.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 153.33 636.10 Td (within ) Tj ET Q q 0 0 0 rg BT 181.38 636.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 219.98 636.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 245.26 636.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.20 636.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 293.02 636.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.30 636.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 333.00 636.10 Td (qualifications. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 619.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.85 619.10 Td (following ) Tj ET Q q 0 0 0 rg BT 111.04 619.10 Td (table ) Tj ET Q q 0 0 0 rg BT 133.77 619.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 184.83 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.35 619.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 217.53 619.10 Td (value ) Tj ET Q q 0 0 0 rg BT 242.49 619.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.12 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.63 619.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 310.70 619.10 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 351.49 619.10 Td (including ) Tj ET Q q 0 0 0 rg BT 392.57 619.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 413.64 619.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.38 619.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 452.45 619.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 503.79 619.10 Td (as ) Tj ET Q q 0 0 0 rg BT 515.42 619.10 Td (at ) Tj ET Q q 0 0 0 rg BT 525.94 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.46 619.10 Td (dates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 607.10 Td (indicated.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.00 582.35 Td (Fair) Tj ET Q q 0 0 0 rg BT 69.14 582.35 Td ( value of securities portfolio \(in '000s\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 544.60 160.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 544.60 160.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 544.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 544.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 544.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 544.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 520.60 160.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 520.60 160.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 520.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 520.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 520.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 520.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 496.60 160.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 496.60 160.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 496.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 496.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 496.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 496.60 45.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 576.6 m 416.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 544.6 m 416.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 576.6 m 461.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 544.6 m 461.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 576.6 m 506.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 544.6 m 506.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 576.6 m 551.5 576.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 544.6 m 551.5 544.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 484.6 m 416.5 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 473.6 m 416.5 473.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 471.6 m 416.5 471.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 484.6 m 461.5 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 473.6 m 461.5 473.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 471.6 m 461.5 471.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 484.6 m 506.5 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 473.6 m 506.5 473.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 471.6 m 506.5 471.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 484.6 m 551.5 484.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 473.6 m 551.5 473.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 471.6 m 551.5 471.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 549.28 Td (September 30, 2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.25 556.83 Td (Amortized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 385.70 548.83 Td (Cost) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 428.55 564.83 Td (Gross) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 419.90 556.83 Td (Unrealized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 428.45 548.83 Td (Gains) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.55 564.83 Td (Gross) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.90 556.83 Td (Unrealized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.35 548.83 Td (Losses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 521.20 556.83 Td (Fair) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 518.85 548.83 Td (Value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 535.22 Td (Fixed Income:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 523.22 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.00 523.22 Td (- Government) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.00 523.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.10 523.22 Td (37,356) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.00 523.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.15 523.22 Td (1,099) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.00 523.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 523.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.00 523.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.10 523.22 Td (38,456) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.00 511.22 Td (- Corporate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.10 511.22 Td (44,100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.15 511.22 Td (1,709) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 511.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.10 511.22 Td (45,809) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.00 499.22 Td (- Commercial mortgage backed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.10 499.22 Td (20,372) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 499.22 Td (490) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 499.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.10 499.22 Td (20,862) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.00 487.22 Td (- Other asset backed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.15 487.22 Td (4,293) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 487.22 Td (135) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 487.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 487.22 Td (4,428) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 475.22 Td (Total Fixed Income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.00 475.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.10 475.22 Td (106,121) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.00 475.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.15 475.22 Td (3,433) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.00 475.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 475.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.00 475.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.10 475.22 Td (109,555) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 52.50 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 55.00 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 57.50 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 60.00 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 62.50 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 65.00 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 67.50 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.00 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.50 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 75.00 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.50 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.00 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 82.50 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.00 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.50 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.00 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.50 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.00 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.50 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.00 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.50 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.00 461.10 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 418.60 160.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 418.60 160.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 418.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 418.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 418.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 418.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 394.60 160.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 394.60 160.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 394.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 394.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 394.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 394.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 370.60 160.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 370.60 160.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 370.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 370.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 370.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 370.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 346.60 160.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.50 346.60 160.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 346.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 346.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 346.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 346.60 45.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 450.6 m 416.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 418.6 m 416.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 450.6 m 461.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 418.6 m 461.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 450.6 m 506.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 418.6 m 506.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 450.6 m 551.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 418.6 m 551.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 358.6 m 416.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 358.6 m 461.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 358.6 m 506.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 358.6 m 551.5 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 334.6 m 416.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 323.6 m 416.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 321.6 m 416.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 334.6 m 461.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 323.6 m 461.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 321.6 m 461.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 334.6 m 506.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 323.6 m 506.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 321.6 m 506.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 334.6 m 551.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 323.6 m 551.5 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 321.6 m 551.5 321.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 423.28 Td (December 31, 2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 375.25 430.83 Td (Amortized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 385.70 422.83 Td (Cost) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 428.55 438.83 Td (Gross) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 419.90 430.83 Td (Unrealized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 428.45 422.83 Td (Gains) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 473.55 438.83 Td (Gross) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 464.90 430.83 Td (Unrealized) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 472.35 422.83 Td (Losses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 521.20 430.83 Td (Fair) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 518.85 422.83 Td (Value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 409.22 Td (Fixed Income:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 397.22 Td (U.S.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.00 397.22 Td (- Government) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.00 397.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.10 397.22 Td (44,835) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.00 397.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 397.22 Td (911) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.00 397.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 397.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.00 397.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.10 397.22 Td (45,746) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.00 385.22 Td (- Corporate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.10 385.22 Td (35,572) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 385.22 Td (825) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 385.22 Td (24) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.10 385.22 Td (36,373) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.00 373.22 Td (- Commercial mortgage backed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.10 373.22 Td (17,493) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 373.22 Td (208) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 373.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.10 373.22 Td (17,701) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.00 361.22 Td (- Other asset backed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.15 361.22 Td (3,573) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.65 361.22 Td (99) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 497.65 361.22 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 361.22 Td (3,671) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 349.22 Td (Total Fixed Income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.00 349.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.10 349.22 Td (101,473) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.00 349.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.15 349.22 Td (2,043) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.00 349.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 349.22 Td (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.00 349.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.10 349.22 Td (103,491) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 337.22 Td (Equities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.65 337.22 Td (994) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.65 337.22 Td (147) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 337.22 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 337.22 Td (1,141) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 325.22 Td (Totals) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.00 325.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.10 325.22 Td (102,467) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.00 325.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.15 325.22 Td (2,190) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.00 325.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.65 325.22 Td (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.00 325.22 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 515.10 325.22 Td (104,632) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 297.90 Td (Liquidity and Cash Flow Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 280.90 Td (The ) Tj ET Q q 0 0 0 rg BT 68.35 280.90 Td (following ) Tj ET Q q 0 0 0 rg BT 110.05 280.90 Td (table ) Tj ET Q q 0 0 0 rg BT 132.29 280.90 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 182.86 280.90 Td (the ) Tj ET Q q 0 0 0 rg BT 197.89 280.90 Td (fair ) Tj ET Q q 0 0 0 rg BT 214.57 280.90 Td (value ) Tj ET Q q 0 0 0 rg BT 239.03 280.90 Td (by ) Tj ET Q q 0 0 0 rg BT 251.84 280.90 Td (contractual ) Tj ET Q q 0 0 0 rg BT 299.07 280.90 Td (maturities ) Tj ET Q q 0 0 0 rg BT 341.87 280.90 Td (of ) Tj ET Q q 0 0 0 rg BT 353.00 280.90 Td (the ) Tj ET Q q 0 0 0 rg BT 368.03 280.90 Td (fixed ) Tj ET Q q 0 0 0 rg BT 391.38 280.90 Td (income ) Tj ET Q q 0 0 0 rg BT 423.62 280.90 Td (securities ) Tj ET Q q 0 0 0 rg BT 464.19 280.90 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 502.00 280.90 Td (excluding ) Tj ET Q q 0 0 0 rg BT 544.24 280.90 Td (cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 268.90 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 268.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 87.21 268.90 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 135.25 268.90 Td (at ) Tj ET Q q 0 0 0 rg BT 144.97 268.90 Td (the ) Tj ET Q q 0 0 0 rg BT 159.68 268.90 Td (dates ) Tj ET Q q 0 0 0 rg BT 182.73 268.90 Td (indicated. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 244.15 Td (Fair) Tj ET Q q 0 0 0 rg BT 68.14 244.15 Td ( value of fixed income securities by contractual maturity date \(in '000s\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 214.40 302.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 214.40 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 214.40 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 214.40 10.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 214.40 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 214.40 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 190.40 302.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 190.40 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 190.40 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 190.40 10.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 190.40 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 190.40 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 166.40 302.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 166.40 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 166.40 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 166.40 10.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 166.40 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 166.40 50.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 238.39999999999998 m 402.5 238.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 238.39999999999998 m 452.5 238.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 238.39999999999998 m 462.5 238.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 238.39999999999998 m 512.5 238.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 238.39999999999998 m 562.5 238.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 214.39999999999998 m 402.5 214.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 214.39999999999998 m 452.5 214.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 214.39999999999998 m 462.5 214.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 214.39999999999998 m 512.5 214.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 214.39999999999998 m 562.5 214.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 214.39999999999998 m 402.5 214.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 214.39999999999998 m 452.5 214.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 214.39999999999998 m 462.5 214.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 214.39999999999998 m 512.5 214.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 214.39999999999998 m 562.5 214.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 166.39999999999998 m 402.5 166.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 166.39999999999998 m 452.5 166.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 166.39999999999998 m 462.5 166.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 166.39999999999998 m 512.5 166.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 166.39999999999998 m 562.5 166.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 166.39999999999998 m 402.5 166.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 155.39999999999998 m 402.5 155.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 153.39999999999998 m 402.5 153.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 166.39999999999998 m 452.5 166.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 155.39999999999998 m 452.5 155.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 153.39999999999998 m 452.5 153.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 166.39999999999998 m 462.5 166.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 155.39999999999998 m 462.5 155.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 153.39999999999998 m 462.5 153.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 166.39999999999998 m 512.5 166.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 155.39999999999998 m 512.5 155.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 153.39999999999998 m 512.5 153.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 166.39999999999998 m 562.5 166.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 155.39999999999998 m 562.5 155.39999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 153.39999999999998 m 562.5 153.39999999999998 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 229.13 Td (As at:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 360.25 229.13 Td (September 30, 2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 471.95 229.13 Td (December 31, 2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 359.45 217.13 Td (Amount) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 422.00 217.13 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 469.45 217.13 Td (Amount) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 532.00 217.13 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 205.02 Td (Due in less than one year) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.00 205.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.15 205.02 Td (18,085) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.15 205.02 Td (16.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 205.02 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.00 205.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.15 205.02 Td (29,407) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 205.02 Td (28.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 205.02 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 193.02 Td (Due in one through five years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.15 193.02 Td (21,803) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.15 193.02 Td (19.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 193.02 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.15 193.02 Td (27,317) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 193.02 Td (26.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 193.02 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 181.02 Td (Due after five through ten years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.15 181.02 Td (21,806) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.15 181.02 Td (19.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 181.02 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.15 181.02 Td (10,242) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 181.02 Td (9.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 181.02 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 169.02 Td (Due after ten years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.15 169.02 Td (47,861) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.15 169.02 Td (43.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 169.02 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.15 169.02 Td (36,525) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 169.02 Td (35.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 169.02 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 157.02 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.00 157.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.10 157.02 Td (109,555) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 157.02 Td (100.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 157.02 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.00 157.02 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.10 157.02 Td (103,491) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 157.02 Td (100.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 157.02 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 137.90 Td (As ) Tj ET Q q 0 0 0 rg BT 63.50 137.90 Td (of ) Tj ET Q q 0 0 0 rg BT 74.21 137.90 Td (the ) Tj ET Q q 0 0 0 rg BT 88.81 137.90 Td (period ) Tj ET Q q 0 0 0 rg BT 116.74 137.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 143.01 137.90 Td (September ) Tj ET Q q 0 0 0 rg BT 188.15 137.90 Td (30, ) Tj ET Q q 0 0 0 rg BT 203.04 137.90 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.04 137.90 Td (, ) Tj ET Q q 0 0 0 rg BT 227.92 137.90 Td (36.4% ) Tj ET Q q 0 0 0 rg BT 256.14 137.90 Td (of ) Tj ET Q q 0 0 0 rg BT 266.85 137.90 Td (the ) Tj ET Q q 0 0 0 rg BT 281.45 137.90 Td (fixed ) Tj ET Q q 0 0 0 rg BT 304.38 137.90 Td (income ) Tj ET Q q 0 0 0 rg BT 336.20 137.90 Td (securities, ) Tj ET Q q 0 0 0 rg BT 378.85 137.90 Td (including ) Tj ET Q q 0 0 0 rg BT 419.01 137.90 Td (treasury ) Tj ET Q q 0 0 0 rg BT 453.60 137.90 Td (bills, ) Tj ET Q q 0 0 0 rg BT 475.71 137.90 Td (bankers) Tj ET Q q 0 0 0 rg BT 509.40 137.90 Td ( ) Tj ET Q q 0 0 0 rg BT 511.78 137.90 Td (acceptances, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 125.90 Td (government ) Tj ET Q q 0 0 0 rg BT 99.16 125.90 Td (bonds ) Tj ET Q q 0 0 0 rg BT 124.45 125.90 Td (and ) Tj ET Q q 0 0 0 rg BT 140.29 125.90 Td (corporate ) Tj ET Q q 0 0 0 rg BT 179.44 125.90 Td (bonds ) Tj ET Q q 0 0 0 rg BT 204.73 125.90 Td (had ) Tj ET Q q 0 0 0 rg BT 220.57 125.90 Td (contractual ) Tj ET Q q 0 0 0 rg BT 266.39 125.90 Td (maturities ) Tj ET Q q 0 0 0 rg BT 307.78 125.90 Td (of ) Tj ET Q q 0 0 0 rg BT 317.51 125.90 Td (five ) Tj ET Q q 0 0 0 rg BT 334.45 125.90 Td (years ) Tj ET Q q 0 0 0 rg BT 356.95 125.90 Td (or ) Tj ET Q q 0 0 0 rg BT 366.68 125.90 Td (less. ) Tj ET Q q 0 0 0 rg BT 385.27 125.90 Td (Actual ) Tj ET Q q 0 0 0 rg BT 413.32 125.90 Td (maturities ) Tj ET Q q 0 0 0 rg BT 454.71 125.90 Td (may ) Tj ET Q q 0 0 0 rg BT 473.33 125.90 Td (dif) Tj ET Q q 0 0 0 rg BT 484.26 125.90 Td (fer ) Tj ET Q q 0 0 0 rg BT 496.75 125.90 Td (from ) Tj ET Q q 0 0 0 rg BT 517.59 125.90 Td (contractual ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 113.90 Td (maturities ) Tj ET Q q 0 0 0 rg BT 92.55 113.90 Td (because ) Tj ET Q q 0 0 0 rg BT 126.75 113.90 Td (certain ) Tj ET Q q 0 0 0 rg BT 156.51 113.90 Td (issuers ) Tj ET Q q 0 0 0 rg BT 186.28 113.90 Td (have ) Tj ET Q q 0 0 0 rg BT 207.72 113.90 Td (the ) Tj ET Q q 0 0 0 rg BT 222.49 113.90 Td (right ) Tj ET Q q 0 0 0 rg BT 243.93 113.90 Td (to ) Tj ET Q q 0 0 0 rg BT 254.27 113.90 Td (call ) Tj ET Q q 0 0 0 rg BT 271.26 113.90 Td (or ) Tj ET Q q 0 0 0 rg BT 282.14 113.90 Td (prepay ) Tj ET Q q 0 0 0 rg BT 311.91 113.90 Td (obligations ) Tj ET Q q 0 0 0 rg BT 358.91 113.90 Td (with ) Tj ET Q q 0 0 0 rg BT 379.24 113.90 Td (or ) Tj ET Q q 0 0 0 rg BT 390.13 113.90 Td (without ) Tj ET Q q 0 0 0 rg BT 423.24 113.90 Td (call ) Tj ET Q q 0 0 0 rg BT 440.23 113.90 Td (or ) Tj ET Q q 0 0 0 rg BT 451.12 113.90 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 500.87 113.90 Td (penalties. ) Tj ET Q q 0 0 0 rg BT 540.91 113.90 Td (Atlas ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 101.90 Td (holds ) Tj ET Q q 0 0 0 rg BT 73.34 101.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 92.79 101.90 Td (and ) Tj ET Q q 0 0 0 rg BT 108.90 101.90 Td (high ) Tj ET Q q 0 0 0 rg BT 128.35 101.90 Td (grade ) Tj ET Q q 0 0 0 rg BT 152.23 101.90 Td (short-term ) Tj ET Q q 0 0 0 rg BT 195.56 101.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 220.56 101.90 Td (which, ) Tj ET Q q 0 0 0 rg BT 249.18 101.90 Td (along ) Tj ET Q q 0 0 0 rg BT 273.07 101.90 Td (with ) Tj ET Q q 0 0 0 rg BT 292.52 101.90 Td (fixed ) Tj ET Q q 0 0 0 rg BT 314.74 101.90 Td (income ) Tj ET Q q 0 0 0 rg BT 345.85 101.90 Td (security ) Tj ET Q q 0 0 0 rg BT 379.18 101.90 Td (maturities, ) Tj ET Q q 0 0 0 rg BT 423.34 101.90 Td (management ) Tj ET Q q 0 0 0 rg BT 476.10 101.90 Td (believes ) Tj ET Q q 0 0 0 rg BT 510.54 101.90 Td (are ) Tj ET Q q 0 0 0 rg BT 524.42 101.90 Td (suf) Tj ET Q q 0 0 0 rg BT 536.46 101.90 Td (ficient ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 89.90 Td (for ) Tj ET Q q 0 0 0 rg BT 63.70 89.90 Td (the ) Tj ET Q q 0 0 0 rg BT 77.95 89.90 Td (payment ) Tj ET Q q 0 0 0 rg BT 114.42 89.90 Td (of ) Tj ET Q q 0 0 0 rg BT 124.79 89.90 Td (claims ) Tj ET Q q 0 0 0 rg BT 152.92 89.90 Td (on ) Tj ET Q q 0 0 0 rg BT 164.96 89.90 Td (a ) Tj ET Q q 0 0 0 rg BT 171.44 89.90 Td (timely ) Tj ET Q q 0 0 0 rg BT 199.02 89.90 Td (basis. ) Tj ET Q q 0 0 0 rg BT 223.56 89.90 Td (In ) Tj ET Q q 0 0 0 rg BT 233.93 89.90 Td (the ) Tj ET Q q 0 0 0 rg BT 248.18 89.90 Td (event ) Tj ET Q q 0 0 0 rg BT 271.87 89.90 Td (that ) Tj ET Q q 0 0 0 rg BT 288.90 89.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 330.93 89.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 350.73 89.90 Td (is ) Tj ET Q q 0 0 0 rg BT 359.44 89.90 Td (required ) Tj ET Q q 0 0 0 rg BT 394.79 89.90 Td (to ) Tj ET Q q 0 0 0 rg BT 404.60 89.90 Td (meet ) Tj ET Q q 0 0 0 rg BT 426.07 89.90 Td (obligations ) Tj ET Q q 0 0 0 rg BT 472.55 89.90 Td (to ) Tj ET Q q 0 0 0 rg BT 482.37 89.90 Td (policyholders, ) Tj ET Q q 0 0 0 rg BT 540.89 89.90 Td (Atlas ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 77.90 Td (believes ) Tj ET Q q 0 0 0 rg BT 85.10 77.90 Td (that ) Tj ET Q q 0 0 0 rg BT 102.44 77.90 Td (high ) Tj ET Q q 0 0 0 rg BT 122.56 77.90 Td (quality ) Tj ET Q q 0 0 0 rg BT 152.68 77.90 Td (securities ) Tj ET Q q 0 0 0 rg BT 192.78 77.90 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 230.12 77.90 Td (provides ) Tj ET Q q 0 0 0 rg BT 266.90 77.90 Td (us ) Tj ET Q q 0 0 0 rg BT 278.13 77.90 Td (with ) Tj ET Q q 0 0 0 rg BT 298.25 77.90 Td (suf) Tj ET Q q 0 0 0 rg BT 310.29 77.90 Td (ficient ) Tj ET Q q 0 0 0 rg BT 338.17 77.90 Td (liquidity) Tj ET Q q 0 0 0 rg BT 371.42 77.90 Td (. ) Tj ET Q q 0 0 0 rg BT 376.09 77.90 Td (W) Tj ET Q q 0 0 0 rg BT 385.13 77.90 Td (ith ) Tj ET Q q 0 0 0 rg BT 398.02 77.90 Td (a ) Tj ET Q q 0 0 0 rg BT 404.80 77.90 Td (weighted ) Tj ET Q q 0 0 0 rg BT 443.80 77.90 Td (average ) Tj ET Q q 0 0 0 rg BT 477.23 77.90 Td (duration ) Tj ET Q q 0 0 0 rg BT 512.89 77.90 Td (of ) Tj ET Q q 0 0 0 rg BT 523.56 77.90 Td (3.5 ) Tj ET Q q 0 0 0 rg BT 538.40 77.90 Td (years, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 65.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.35 65.90 Td (in ) Tj ET Q q 0 0 0 rg BT 94.27 65.90 Td (interest ) Tj ET Q q 0 0 0 rg BT 125.84 65.90 Td (rates ) Tj ET Q q 0 0 0 rg BT 146.86 65.90 Td (will ) Tj ET Q q 0 0 0 rg BT 164.56 65.90 Td (have ) Tj ET Q q 0 0 0 rg BT 185.58 65.90 Td (a ) Tj ET Q q 0 0 0 rg BT 192.16 65.90 Td (modest ) Tj ET Q q 0 0 0 rg BT 223.18 65.90 Td (market ) Tj ET Q q 0 0 0 rg BT 253.09 65.90 Td (value ) Tj ET Q q 0 0 0 rg BT 276.88 65.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 306.24 65.90 Td (on ) Tj ET Q q 0 0 0 rg BT 318.38 65.90 Td (the ) Tj ET Q q 0 0 0 rg BT 332.26 65.90 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 355.51 65.90 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 392.65 65.90 Td (relative ) Tj ET Q q 0 0 0 rg BT 424.77 65.90 Td (to ) Tj ET Q q 0 0 0 rg BT 434.69 65.90 Td (longer ) Tj ET Q q 0 0 0 rg BT 462.38 65.90 Td (duration ) Tj ET Q q 0 0 0 rg BT 497.85 65.90 Td (portfolios. ) Tj ET Q q 0 0 0 rg BT 540.90 65.90 Td (Atlas ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 53.90 Td (can ) Tj ET Q q 0 0 0 rg BT 66.38 53.90 Td (and ) Tj ET Q q 0 0 0 rg BT 83.32 53.90 Td (typically ) Tj ET Q q 0 0 0 rg BT 120.81 53.90 Td (does ) Tj ET Q q 0 0 0 rg BT 141.64 53.90 Td (hold ) Tj ET Q q 0 0 0 rg BT 161.91 53.90 Td (bonds ) Tj ET Q q 0 0 0 rg BT 188.31 53.90 Td (to ) Tj ET Q q 0 0 0 rg BT 198.58 53.90 Td (maturity ) Tj ET Q q 0 0 0 rg BT 234.97 53.90 Td (by ) Tj ET Q q 0 0 0 rg BT 247.47 53.90 Td (matching ) Tj ET Q q 0 0 0 rg BT 287.18 53.90 Td (duration ) Tj ET Q q 0 0 0 rg BT 323.00 53.90 Td (with ) Tj ET Q q 0 0 0 rg BT 343.28 53.90 Td (the ) Tj ET Q q 0 0 0 rg BT 358.00 53.90 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 404.37 53.90 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 440.76 53.90 Td (needs.) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 69 0 obj <>] /Rotate 0 /Contents 70 0 R>> endobj 70 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (34) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Market Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (Market ) Tj ET Q q 0 0 0 rg BT 80.86 725.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 97.85 725.25 Td (is ) Tj ET Q q 0 0 0 rg BT 106.51 725.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.71 725.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 137.70 725.25 Td (that ) Tj ET Q q 0 0 0 rg BT 154.24 725.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 177.34 725.25 Td (will ) Tj ET Q q 0 0 0 rg BT 194.88 725.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 217.42 725.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 243.30 725.25 Td (due ) Tj ET Q q 0 0 0 rg BT 259.72 725.25 Td (to ) Tj ET Q q 0 0 0 rg BT 269.49 725.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 302.01 725.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 336.21 725.25 Td (in ) Tj ET Q q 0 0 0 rg BT 345.97 725.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 377.39 725.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 400.76 725.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 437.72 725.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 477.46 725.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 498.33 725.25 Td (or ) Tj ET Q q 0 0 0 rg BT 508.64 725.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 535.63 725.25 Td (prices. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (Having ) Tj ET Q q 0 0 0 rg BT 81.06 713.25 Td (disposed ) Tj ET Q q 0 0 0 rg BT 117.68 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.63 713.25 Td (a ) Tj ET Q q 0 0 0 rg BT 133.69 713.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 169.19 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.15 713.25 Td (its ) Tj ET Q q 0 0 0 rg BT 190.21 713.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 211.27 713.25 Td (backed ) Tj ET Q q 0 0 0 rg BT 241.21 713.25 Td (securities, ) Tj ET Q q 0 0 0 rg BT 283.10 713.25 Td (its ) Tj ET Q q 0 0 0 rg BT 294.17 713.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 327.44 713.25 Td (market ) Tj ET Q q 0 0 0 rg BT 356.83 713.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 373.45 713.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 411.17 713.25 Td (in ) Tj ET Q q 0 0 0 rg BT 420.57 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.40 713.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 456.57 713.25 Td (income ) Tj ET Q q 0 0 0 rg BT 487.63 713.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 527.01 713.25 Td (portfolio ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (is ) Tj ET Q q 0 0 0 rg BT 58.76 701.25 Td (to ) Tj ET Q q 0 0 0 rg BT 68.63 701.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 102.93 701.25 Td (in ) Tj ET Q q 0 0 0 rg BT 112.80 701.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 144.33 701.25 Td (rates. ) Tj ET Q q 0 0 0 rg BT 167.80 701.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 202.74 701.25 Td (Atlas) Tj ET Q q 0 0 0 rg BT 226.44 701.25 Td ( ) Tj ET Q q 0 0 0 rg BT 228.53 701.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 268.39 701.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 305.48 701.25 Td (is ) Tj ET Q q 0 0 0 rg BT 314.24 701.25 Td (comprised ) Tj ET Q q 0 0 0 rg BT 357.99 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.41 701.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 407.71 701.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 430.35 701.25 Td (income ) Tj ET Q q 0 0 0 rg BT 461.88 701.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 501.73 701.25 Td (that ) Tj ET Q q 0 0 0 rg BT 518.82 701.25 Td (are ) Tj ET Q q 0 0 0 rg BT 533.12 701.25 Td (usually ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (held ) Tj ET Q q 0 0 0 rg BT 69.56 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 79.68 689.25 Td (maturity) Tj ET Q q 0 0 0 rg BT 112.91 689.25 Td (, ) Tj ET Q q 0 0 0 rg BT 117.76 689.25 Td (periodic ) Tj ET Q q 0 0 0 rg BT 152.86 689.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 187.41 689.25 Td (in ) Tj ET Q q 0 0 0 rg BT 197.53 689.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 229.31 689.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 246.64 689.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 272.31 689.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 311.85 689.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 341.41 689.25 Td (its ) Tj ET Q q 0 0 0 rg BT 353.20 689.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 390.52 689.25 Td (results ) Tj ET Q q 0 0 0 rg BT 418.97 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 429.09 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.65 689.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 470.43 689.25 Td (that ) Tj ET Q q 0 0 0 rg BT 487.77 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.33 689.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 542.43 689.25 Td (in ) Tj ET Q q 0 0 0 rg BT 552.55 689.25 Td (its ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 677.25 Td (available ) Tj ET Q q 0 0 0 rg BT 88.78 677.25 Td (for ) Tj ET Q q 0 0 0 rg BT 103.13 677.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 121.37 677.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 159.06 677.25 Td (are ) Tj ET Q q 0 0 0 rg BT 173.96 677.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 211.63 677.25 Td (at ) Tj ET Q q 0 0 0 rg BT 221.54 677.25 Td (market ) Tj ET Q q 0 0 0 rg BT 252.00 677.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 278.85 677.25 Td (During ) Tj ET Q q 0 0 0 rg BT 309.87 677.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 342.00 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 353.02 677.25 Td (rising ) Tj ET Q q 0 0 0 rg BT 378.49 677.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 410.62 677.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 434.69 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.60 677.25 Td (market ) Tj ET Q q 0 0 0 rg BT 480.06 677.25 Td (value ) Tj ET Q q 0 0 0 rg BT 504.40 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 515.43 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 530.34 677.25 Td (existing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 665.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 73.10 665.25 Td (income ) Tj ET Q q 0 0 0 rg BT 105.09 665.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 145.41 665.25 Td (will ) Tj ET Q q 0 0 0 rg BT 163.53 665.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 203.28 665.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 240.25 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 257.25 665.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 291.45 665.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 315.11 665.25 Td (on ) Tj ET Q q 0 0 0 rg BT 327.67 665.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 350.77 665.25 Td (income ) Tj ET Q q 0 0 0 rg BT 382.76 665.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 423.08 665.25 Td (will ) Tj ET Q q 0 0 0 rg BT 441.19 665.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 466.52 665.25 Td (be ) Tj ET Q q 0 0 0 rg BT 478.52 665.25 Td (reduced. ) Tj ET Q q 0 0 0 rg BT 515.03 665.25 Td (The ) Tj ET Q q 0 0 0 rg BT 533.14 665.25 Td (reverse ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 653.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 653.25 Td (true ) Tj ET Q q 0 0 0 rg BT 77.22 653.25 Td (during ) Tj ET Q q 0 0 0 rg BT 105.83 653.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 137.76 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.59 653.25 Td (declining ) Tj ET Q q 0 0 0 rg BT 188.31 653.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 220.24 653.25 Td (rates. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 636.25 Td (Cr) Tj ET Q q 0 0 0 rg BT 61.48 636.25 Td (edit ) Tj ET Q q 0 0 0 rg BT 80.09 636.25 Td (Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 619.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 76.77 619.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 93.55 619.25 Td (is ) Tj ET Q q 0 0 0 rg BT 101.99 619.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 133.76 619.25 Td (as ) Tj ET Q q 0 0 0 rg BT 143.86 619.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.86 619.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 174.63 619.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.74 619.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 221.50 619.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 238.83 619.25 Td (due ) Tj ET Q q 0 0 0 rg BT 255.05 619.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.60 619.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 292.47 619.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.58 619.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.57 619.25 Td (other ) Tj ET Q q 0 0 0 rg BT 338.90 619.25 Td (party ) Tj ET Q q 0 0 0 rg BT 361.22 619.25 Td (to ) Tj ET Q q 0 0 0 rg BT 370.77 619.25 Td (a ) Tj ET Q q 0 0 0 rg BT 376.99 619.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 413.75 619.25 Td (instrument ) Tj ET Q q 0 0 0 rg BT 458.29 619.25 Td (to ) Tj ET Q q 0 0 0 rg BT 467.85 619.25 Td (dischar) Tj ET Q q 0 0 0 rg BT 496.55 619.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 507.76 619.25 Td (an ) Tj ET Q q 0 0 0 rg BT 518.98 619.25 Td (obligation. ) Tj ET Q q 0 0 0 rg BT 564.53 619.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 607.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 73.93 607.25 Td (is ) Tj ET Q q 0 0 0 rg BT 83.42 607.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 119.01 607.25 Td (to ) Tj ET Q q 0 0 0 rg BT 129.61 607.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 155.20 607.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 173.02 607.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 219.17 607.25 Td (through ) Tj ET Q q 0 0 0 rg BT 253.10 607.25 Td (its ) Tj ET Q q 0 0 0 rg BT 265.37 607.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 315.96 607.25 Td (and ) Tj ET Q q 0 0 0 rg BT 333.22 607.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 370.47 607.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 414.37 607.25 Td (from ) Tj ET Q q 0 0 0 rg BT 436.63 607.25 Td (policyholders ) Tj ET Q q 0 0 0 rg BT 493.89 607.25 Td (and ) Tj ET Q q 0 0 0 rg BT 511.15 607.25 Td (reinsurers. ) Tj ET Q q 0 0 0 rg BT 555.90 607.25 Td (It ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (monitors ) Tj ET Q q 0 0 0 rg BT 87.90 595.25 Td (concentration ) Tj ET Q q 0 0 0 rg BT 144.65 595.25 Td (and ) Tj ET Q q 0 0 0 rg BT 161.43 595.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 186.53 595.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 216.65 595.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 233.98 595.25 Td (through ) Tj ET Q q 0 0 0 rg BT 267.43 595.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 300.87 595.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 338.76 595.25 Td (to ) Tj ET Q q 0 0 0 rg BT 348.88 595.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 370.11 595.25 Td (and ) Tj ET Q q 0 0 0 rg BT 386.88 595.25 Td (monitor ) Tj ET Q q 0 0 0 rg BT 420.89 595.25 Td (its ) Tj ET Q q 0 0 0 rg BT 432.68 595.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 471.11 595.25 Td (to ) Tj ET Q q 0 0 0 rg BT 481.23 595.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 524.12 595.25 Td (issuers ) Tj ET Q q 0 0 0 rg BT 553.68 595.25 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 583.25 Td (related ) Tj ET Q q 0 0 0 rg BT 79.86 583.25 Td (groups ) Tj ET Q q 0 0 0 rg BT 109.75 583.25 Td (\(with ) Tj ET Q q 0 0 0 rg BT 133.52 583.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.40 583.25 Td (exception ) Tj ET Q q 0 0 0 rg BT 189.93 583.25 Td (of ) Tj ET Q q 0 0 0 rg BT 200.93 583.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 221.37 583.25 Td (government ) Tj ET Q q 0 0 0 rg BT 271.80 583.25 Td (bonds\) ) Tj ET Q q 0 0 0 rg BT 301.68 583.25 Td (as ) Tj ET Q q 0 0 0 rg BT 312.68 583.25 Td (well ) Tj ET Q q 0 0 0 rg BT 332.56 583.25 Td (as ) Tj ET Q q 0 0 0 rg BT 343.55 583.25 Td (through ) Tj ET Q q 0 0 0 rg BT 377.32 583.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 412.76 583.25 Td (review ) Tj ET Q q 0 0 0 rg BT 442.63 583.25 Td (of ) Tj ET Q q 0 0 0 rg BT 453.62 583.25 Td (the ) Tj ET Q q 0 0 0 rg BT 468.50 583.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 493.93 583.25 Td (ratings ) Tj ET Q q 0 0 0 rg BT 523.81 583.25 Td (of ) Tj ET Q q 0 0 0 rg BT 534.80 583.25 Td (issuers ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.31 571.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.07 571.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 115.37 571.25 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 155.40 571.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 182.93 571.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 221.57 571.25 Td (to ) Tj ET Q q 0 0 0 rg BT 231.88 571.25 Td (any ) Tj ET Q q 0 0 0 rg BT 248.86 571.25 Td (one ) Tj ET Q q 0 0 0 rg BT 265.83 571.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 308.92 571.25 Td (policyholder ) Tj ET Q q 0 0 0 rg BT 362.00 571.25 Td (is ) Tj ET Q q 0 0 0 rg BT 371.21 571.25 Td (not ) Tj ET Q q 0 0 0 rg BT 386.52 571.25 Td (material. ) Tj ET Q q 0 0 0 rg BT 424.13 571.25 Td (The ) Tj ET Q q 0 0 0 rg BT 442.22 571.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 489.33 571.25 Td (policies, ) Tj ET Q q 0 0 0 rg BT 525.47 571.25 Td (however) Tj ET Q q 0 0 0 rg BT 559.50 571.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.33 559.25 Td (distributed ) Tj ET Q q 0 0 0 rg BT 109.23 559.25 Td (by ) Tj ET Q q 0 0 0 rg BT 121.35 559.25 Td (agents ) Tj ET Q q 0 0 0 rg BT 149.02 559.25 Td (who ) Tj ET Q q 0 0 0 rg BT 168.36 559.25 Td (may ) Tj ET Q q 0 0 0 rg BT 187.70 559.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 220.92 559.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 240.81 559.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 282.36 559.25 Td (on ) Tj ET Q q 0 0 0 rg BT 294.49 559.25 Td (its ) Tj ET Q q 0 0 0 rg BT 306.06 559.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 333.17 559.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 369.73 559.25 Td (to ) Tj ET Q q 0 0 0 rg BT 379.63 559.25 Td (the ) Tj ET Q q 0 0 0 rg BT 393.97 559.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 418.31 559.25 Td (of ) Tj ET Q q 0 0 0 rg BT 428.76 559.25 Td (their ) Tj ET Q q 0 0 0 rg BT 449.21 559.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 479.65 559.25 Td (agreement. ) Tj ET Q q 0 0 0 rg BT 525.44 559.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 548.68 559.25 Td (has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 82.46 547.25 Td (to ) Tj ET Q q 0 0 0 rg BT 91.59 547.25 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 126.26 547.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.83 547.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 176.16 547.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 215.29 547.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.98 547.25 Td (its ) Tj ET Q q 0 0 0 rg BT 235.78 547.25 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 276.56 547.25 Td (and ) Tj ET Q q 0 0 0 rg BT 292.36 547.25 Td (monitors ) Tj ET Q q 0 0 0 rg BT 329.27 547.25 Td (concentrations ) Tj ET Q q 0 0 0 rg BT 388.94 547.25 Td (of ) Tj ET Q q 0 0 0 rg BT 398.62 547.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 422.74 547.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 439.09 547.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 467.67 547.25 Td (from ) Tj ET Q q 0 0 0 rg BT 488.46 547.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 517.59 547.25 Td (geographic ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 535.25 Td (regions, ) Tj ET Q q 0 0 0 rg BT 85.10 535.25 Td (activities, ) Tj ET Q q 0 0 0 rg BT 126.87 535.25 Td (or ) Tj ET Q q 0 0 0 rg BT 138.37 535.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 180.41 535.25 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 240.76 535.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.26 535.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.64 535.25 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 310.23 535.25 Td (to ) Tj ET Q q 0 0 0 rg BT 321.18 535.25 Td (minimize ) Tj ET Q q 0 0 0 rg BT 362.11 535.25 Td (its ) Tj ET Q q 0 0 0 rg BT 374.73 535.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 413.99 535.25 Td (to ) Tj ET Q q 0 0 0 rg BT 424.94 535.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 470.32 535.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 497.38 535.25 Td (from ) Tj ET Q q 0 0 0 rg BT 519.98 535.25 Td (reinsurers) Tj ET Q q 0 0 0 rg BT 562.00 535.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 523.25 Td (insolvency) Tj ET Q q 0 0 0 rg BT 92.68 523.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 506.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.52 506.25 Td (following ) Tj ET Q q 0 0 0 rg BT 108.37 506.25 Td (table ) Tj ET Q q 0 0 0 rg BT 129.78 506.25 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 179.51 506.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.70 506.25 Td (composition ) Tj ET Q q 0 0 0 rg BT 245.11 506.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.41 506.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.60 506.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 285.45 506.25 Td (value ) Tj ET Q q 0 0 0 rg BT 309.07 506.25 Td (of ) Tj ET Q q 0 0 0 rg BT 319.37 506.25 Td (the ) Tj ET Q q 0 0 0 rg BT 333.56 506.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 356.08 506.25 Td (income ) Tj ET Q q 0 0 0 rg BT 387.48 506.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 427.21 506.25 Td (portfolio, ) Tj ET Q q 0 0 0 rg BT 466.68 506.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 508.08 506.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 527.82 506.25 Td (and ) Tj ET Q q 0 0 0 rg BT 544.23 506.25 Td (cash ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 494.25 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 99.93 494.25 Td (as ) Tj ET Q q 0 0 0 rg BT 110.16 494.25 Td (of ) Tj ET Q q 0 0 0 rg BT 120.38 494.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.49 494.25 Td (dates ) Tj ET Q q 0 0 0 rg BT 156.93 494.25 Td (indicated, ) Tj ET Q q 0 0 0 rg BT 197.97 494.25 Td (by ) Tj ET Q q 0 0 0 rg BT 209.86 494.25 Td (ratings ) Tj ET Q q 0 0 0 rg BT 238.97 494.25 Td (assigned ) Tj ET Q q 0 0 0 rg BT 275.30 494.25 Td (by ) Tj ET Q q 0 0 0 rg BT 287.19 494.25 Td (Fitch, ) Tj ET Q q 0 0 0 rg BT 312.14 494.25 Td (S&P) Tj ET Q q 0 0 0 rg BT 330.67 494.25 Td ( ) Tj ET Q q 0 0 0 rg BT 332.56 494.25 Td (or ) Tj ET Q q 0 0 0 rg BT 342.79 494.25 Td (Moody) Tj ET Q q 0 0 0 rg BT 374.46 494.25 Td (s ) Tj ET Q q 0 0 0 rg BT 380.24 494.25 Td (Investors ) Tj ET Q q 0 0 0 rg BT 418.79 494.25 Td (Service. ) Tj ET Q q 0 0 0 rg BT 453.03 494.25 Td (The ) Tj ET Q q 0 0 0 rg BT 470.47 494.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 492.91 494.25 Td (income ) Tj ET Q q 0 0 0 rg BT 524.24 494.25 Td (securities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 482.25 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 87.18 482.25 Td (consists ) Tj ET Q q 0 0 0 rg BT 121.03 482.25 Td (of ) Tj ET Q q 0 0 0 rg BT 131.54 482.25 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 192.04 482.25 Td (very ) Tj ET Q q 0 0 0 rg BT 211.99 482.25 Td (high ) Tj ET Q q 0 0 0 rg BT 231.95 482.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 261.91 482.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 301.85 482.25 Td (in ) Tj ET Q q 0 0 0 rg BT 311.81 482.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 351.75 482.25 Td (and ) Tj ET Q q 0 0 0 rg BT 368.37 482.25 Td (government ) Tj ET Q q 0 0 0 rg BT 418.31 482.25 Td (bonds ) Tj ET Q q 0 0 0 rg BT 444.39 482.25 Td (with ) Tj ET Q q 0 0 0 rg BT 464.35 482.25 Td (91.3% ) Tj ET Q q 0 0 0 rg BT 492.36 482.25 Td (rated ) Tj ET Q q 0 0 0 rg BT 514.53 482.25 Td (A) Tj ET Q q 0 0 0 rg BT 523.97 482.25 Td () Tj ET Q q 0 0 0 rg BT 526.56 482.25 Td ( ) Tj ET Q q 0 0 0 rg BT 528.74 482.25 Td (or ) Tj ET Q q 0 0 0 rg BT 539.25 482.25 Td (better ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 470.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 470.25 Td (of ) Tj ET Q q 0 0 0 rg BT 71.66 470.25 Td (the ) Tj ET Q q 0 0 0 rg BT 86.38 470.25 Td (period ) Tj ET Q q 0 0 0 rg BT 114.42 470.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 140.80 470.25 Td (September ) Tj ET Q q 0 0 0 rg BT 186.06 470.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 201.06 470.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.06 470.25 Td ( ) Tj ET Q q 0 0 0 rg BT 223.56 470.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 265.49 470.25 Td (to ) Tj ET Q q 0 0 0 rg BT 275.77 470.25 Td (95.3% ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.10 470.25 Td (as ) Tj ET Q q 0 0 0 rg BT 314.93 470.25 Td (of ) Tj ET Q q 0 0 0 rg BT 325.76 470.25 Td (the ) Tj ET Q q 0 0 0 rg BT 340.47 470.25 Td (year ) Tj ET Q q 0 0 0 rg BT 360.18 470.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 386.56 470.25 Td (December ) Tj ET Q q 0 0 0 rg BT 430.14 470.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 445.14 470.25 Td (201) Tj ET Q q 0 0 0 rg BT 459.77 470.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.77 470.25 Td (. ) Tj ET Q q 0 0 0 rg BT 469.77 470.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 445.50 Td (Cr) Tj ET Q q 0 0 0 rg BT 61.48 445.50 Td (edit ratings of fixed income securities portfolio \(in '000s\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 407.75 302.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 407.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 407.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 407.75 10.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 407.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 407.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 383.75 302.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 383.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 383.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 383.75 10.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 383.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 383.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 359.75 302.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.50 359.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 359.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 359.75 10.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 359.75 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 359.75 50.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 439.75 m 402.5 439.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 439.75 m 452.5 439.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 439.75 m 462.5 439.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 439.75 m 512.5 439.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 439.75 m 562.5 439.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 407.75 m 402.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 407.75 m 452.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 407.75 m 462.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 407.75 m 512.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 407.75 m 562.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 407.75 m 402.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 407.75 m 452.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 407.75 m 462.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 407.75 m 512.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 407.75 m 562.5 407.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 359.75 m 402.5 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 359.75 m 402.5 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 348.75 m 402.5 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 346.75 m 402.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 359.75 m 452.5 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 348.75 m 452.5 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 346.75 m 452.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 359.75 m 462.5 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 348.75 m 462.5 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 346.75 m 462.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 359.75 m 512.5 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 348.75 m 512.5 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 346.75 m 512.5 346.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 359.75 m 562.5 359.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 348.75 m 562.5 348.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 346.75 m 562.5 346.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 430.48 Td (As at:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 360.25 430.48 Td (September 30, 2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 471.95 430.48 Td (December 31, 2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 359.45 412.43 Td (Amount) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 416.55 418.48 Td (% of) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 416.05 408.53 Td (Total) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 469.45 412.43 Td (Amount) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 526.55 418.48 Td (% of) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 526.05 408.53 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 398.37 Td (AAA/Aaa) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.00 398.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.15 398.37 Td (58,613) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.15 398.37 Td (53.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 398.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.00 398.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.15 398.37 Td (54,717) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 398.37 Td (52.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 398.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 386.37 Td (AA/Aa) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.15 386.37 Td (14,775) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.15 386.37 Td (13.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 386.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.15 386.37 Td (21,567) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 386.37 Td (20.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 386.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 374.37 Td (A/A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.15 374.37 Td (26,477) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.15 374.37 Td (24.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 374.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.15 374.37 Td (22,380) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 374.37 Td (21.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 374.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 362.37 Td (BBB/Baa) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.15 362.37 Td (9,690) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.15 362.37 Td (8.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 362.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.15 362.37 Td (4,827) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.15 362.37 Td (4.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 362.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 350.37 Td (Total Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.00 350.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.10 350.37 Td (109,555) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.15 350.37 Td (100.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 350.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 465.00 350.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 476.10 350.37 Td (103,491) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 350.37 Td (100.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 350.37 Td (%) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 331.25 Td (Other) Tj ET Q q 0 0 0 rg BT 75.18 331.25 Td (-than-temporary impairment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 314.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 73.85 314.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 119.35 314.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 145.99 314.25 Td (on ) Tj ET Q q 0 0 0 rg BT 158.73 314.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 199.24 314.25 Td (for ) Tj ET Q q 0 0 0 rg BT 213.64 314.25 Td (which ) Tj ET Q q 0 0 0 rg BT 240.83 314.25 Td (a ) Tj ET Q q 0 0 0 rg BT 248.01 314.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 279.62 314.25 Td (in ) Tj ET Q q 0 0 0 rg BT 290.15 314.25 Td (market ) Tj ET Q q 0 0 0 rg BT 320.65 314.25 Td (value ) Tj ET Q q 0 0 0 rg BT 345.05 314.25 Td (was ) Tj ET Q q 0 0 0 rg BT 363.35 314.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 397.19 314.25 Td (to ) Tj ET Q q 0 0 0 rg BT 407.71 314.25 Td (be ) Tj ET Q q 0 0 0 rg BT 419.89 314.25 Td (other) Tj ET Q q 0 0 0 rg BT 440.24 314.25 Td (-than-temporary) Tj ET Q q 0 0 0 rg BT 504.56 314.25 Td (. ) Tj ET Q q 0 0 0 rg BT 509.80 314.25 Td (Management ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 302.25 Td (performs ) Tj ET Q q 0 0 0 rg BT 88.85 302.25 Td (a ) Tj ET Q q 0 0 0 rg BT 96.03 302.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 134.87 302.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 169.83 302.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.91 302.25 Td (the ) Tj ET Q q 0 0 0 rg BT 195.87 302.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 236.38 302.25 Td (holdings ) Tj ET Q q 0 0 0 rg BT 273.58 302.25 Td (to ) Tj ET Q q 0 0 0 rg BT 284.10 302.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 326.83 302.25 Td (if ) Tj ET Q q 0 0 0 rg BT 335.69 302.25 Td (declines ) Tj ET Q q 0 0 0 rg BT 371.20 302.25 Td (in ) Tj ET Q q 0 0 0 rg BT 381.72 302.25 Td (market ) Tj ET Q q 0 0 0 rg BT 412.23 302.25 Td (value ) Tj ET Q q 0 0 0 rg BT 436.63 302.25 Td (are ) Tj ET Q q 0 0 0 rg BT 451.59 302.25 Td (other) Tj ET Q q 0 0 0 rg BT 471.93 302.25 Td (-than-temporary) Tj ET Q q 0 0 0 rg BT 536.25 302.25 Td (. ) Tj ET Q q 0 0 0 rg BT 540.90 302.25 Td (Atlas ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 290.25 Td (did ) Tj ET Q q 0 0 0 rg BT 65.02 290.25 Td (not ) Tj ET Q q 0 0 0 rg BT 80.05 290.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 121.15 290.25 Td (char) Tj ET Q q 0 0 0 rg BT 138.18 290.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 153.76 290.25 Td (for ) Tj ET Q q 0 0 0 rg BT 167.66 290.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 207.67 290.25 Td (impairments ) Tj ET Q q 0 0 0 rg BT 259.91 290.25 Td (that ) Tj ET Q q 0 0 0 rg BT 277.15 290.25 Td (were ) Tj ET Q q 0 0 0 rg BT 298.82 290.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 344.38 290.25 Td (other) Tj ET Q q 0 0 0 rg BT 364.73 290.25 Td (-than-temporary ) Tj ET Q q 0 0 0 rg BT 431.94 290.25 Td (for ) Tj ET Q q 0 0 0 rg BT 445.85 290.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.31 290.25 Td (three ) Tj ET Q q 0 0 0 rg BT 482.54 290.25 Td (month ) Tj ET Q q 0 0 0 rg BT 510.34 290.25 Td (period ) Tj ET Q q 0 0 0 rg BT 538.13 290.25 Td (ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 278.25 Td (September ) Tj ET Q q 0 0 0 rg BT 95.26 278.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 110.26 278.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 130.26 278.25 Td (, ) Tj ET Q q 0 0 0 rg BT 135.26 278.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 149.98 278.25 Td (three ) Tj ET Q q 0 0 0 rg BT 172.47 278.25 Td (month ) Tj ET Q q 0 0 0 rg BT 200.52 278.25 Td (period ) Tj ET Q q 0 0 0 rg BT 228.57 278.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 254.95 278.25 Td (September ) Tj ET Q q 0 0 0 rg BT 300.21 278.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 315.21 278.25 Td (201) Tj ET Q q 0 0 0 rg BT 329.84 278.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.84 278.25 Td ( ) Tj ET Q q 0 0 0 rg BT 337.34 278.25 Td (or ) Tj ET Q q 0 0 0 rg BT 348.17 278.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.89 278.25 Td (three ) Tj ET Q q 0 0 0 rg BT 385.37 278.25 Td (month ) Tj ET Q q 0 0 0 rg BT 413.43 278.25 Td (period ) Tj ET Q q 0 0 0 rg BT 441.47 278.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 467.85 278.25 Td (June ) Tj ET Q q 0 0 0 rg BT 488.68 278.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 503.68 278.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.68 278.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 261.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.49 261.25 Td (length ) Tj ET Q q 0 0 0 rg BT 94.42 261.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.69 261.25 Td (time ) Tj ET Q q 0 0 0 rg BT 124.41 261.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 164.11 261.25 Td (may ) Tj ET Q q 0 0 0 rg BT 183.27 261.25 Td (be ) Tj ET Q q 0 0 0 rg BT 194.65 261.25 Td (held ) Tj ET Q q 0 0 0 rg BT 213.81 261.25 Td (in ) Tj ET Q q 0 0 0 rg BT 223.53 261.25 Td (an ) Tj ET Q q 0 0 0 rg BT 234.91 261.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 278.49 261.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 295.99 261.25 Td (position ) Tj ET Q q 0 0 0 rg BT 330.16 261.25 Td (may ) Tj ET Q q 0 0 0 rg BT 349.32 261.25 Td (vary ) Tj ET Q q 0 0 0 rg BT 369.03 261.25 Td (based ) Tj ET Q q 0 0 0 rg BT 393.74 261.25 Td (on ) Tj ET Q q 0 0 0 rg BT 405.68 261.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.83 261.25 Td (opinion ) Tj ET Q q 0 0 0 rg BT 452.33 261.25 Td (of ) Tj ET Q q 0 0 0 rg BT 462.60 261.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.76 261.25 Td (appointed ) Tj ET Q q 0 0 0 rg BT 518.13 261.25 Td (investment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 249.25 Td (manager ) Tj ET Q q 0 0 0 rg BT 86.64 249.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.30 249.25 Td (their ) Tj ET Q q 0 0 0 rg BT 123.85 249.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 166.60 249.25 Td (analyses ) Tj ET Q q 0 0 0 rg BT 202.70 249.25 Td (related ) Tj ET Q q 0 0 0 rg BT 232.12 249.25 Td (to ) Tj ET Q q 0 0 0 rg BT 242.12 249.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 281.55 249.25 Td (and ) Tj ET Q q 0 0 0 rg BT 298.21 249.25 Td (to ) Tj ET Q q 0 0 0 rg BT 308.21 249.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.65 249.25 Td (various ) Tj ET Q q 0 0 0 rg BT 354.31 249.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 379.29 249.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 400.41 249.25 Td (that ) Tj ET Q q 0 0 0 rg BT 417.62 249.25 Td (may ) Tj ET Q q 0 0 0 rg BT 437.06 249.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 469.27 249.25 Td (us ) Tj ET Q q 0 0 0 rg BT 480.38 249.25 Td (from ) Tj ET Q q 0 0 0 rg BT 502.04 249.25 Td (recapturing ) Tj ET Q q 0 0 0 rg BT 549.79 249.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 237.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 87.87 237.25 Td (investment. ) Tj ET Q q 0 0 0 rg BT 136.58 237.25 Td (In ) Tj ET Q q 0 0 0 rg BT 147.24 237.25 Td (cases ) Tj ET Q q 0 0 0 rg BT 170.67 237.25 Td (of ) Tj ET Q q 0 0 0 rg BT 181.32 237.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 221.42 237.25 Td (with ) Tj ET Q q 0 0 0 rg BT 241.52 237.25 Td (a ) Tj ET Q q 0 0 0 rg BT 248.29 237.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 284.50 237.25 Td (date ) Tj ET Q q 0 0 0 rg BT 303.48 237.25 Td (where ) Tj ET Q q 0 0 0 rg BT 330.24 237.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.78 237.25 Td (appointed ) Tj ET Q q 0 0 0 rg BT 386.54 237.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 432.75 237.25 Td (manager ) Tj ET Q q 0 0 0 rg BT 469.51 237.25 Td (determines ) Tj ET Q q 0 0 0 rg BT 515.71 237.25 Td (that ) Tj ET Q q 0 0 0 rg BT 533.03 237.25 Td (there ) Tj ET Q q 0 0 0 rg BT 555.34 237.25 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 225.25 Td (little ) Tj ET Q q 0 0 0 rg BT 71.02 225.25 Td (or ) Tj ET Q q 0 0 0 rg BT 82.05 225.25 Td (no ) Tj ET Q q 0 0 0 rg BT 94.74 225.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 112.44 225.25 Td (of ) Tj ET Q q 0 0 0 rg BT 123.46 225.25 Td (default ) Tj ET Q q 0 0 0 rg BT 153.92 225.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 176.05 225.25 Td (to ) Tj ET Q q 0 0 0 rg BT 186.53 225.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.44 225.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 238.01 225.25 Td (of ) Tj ET Q q 0 0 0 rg BT 249.04 225.25 Td (a ) Tj ET Q q 0 0 0 rg BT 256.17 225.25 Td (holding, ) Tj ET Q q 0 0 0 rg BT 291.33 225.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 315.13 225.25 Td (would ) Tj ET Q q 0 0 0 rg BT 342.82 225.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 364.39 225.25 Td (to ) Tj ET Q q 0 0 0 rg BT 374.86 225.25 Td (hold ) Tj ET Q q 0 0 0 rg BT 395.33 225.25 Td (the ) Tj ET Q q 0 0 0 rg BT 410.25 225.25 Td (security ) Tj ET Q q 0 0 0 rg BT 444.60 225.25 Td (in ) Tj ET Q q 0 0 0 rg BT 455.07 225.25 Td (an ) Tj ET Q q 0 0 0 rg BT 467.20 225.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 511.54 225.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 529.79 225.25 Td (position ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 213.25 Td (until ) Tj ET Q q 0 0 0 rg BT 71.75 213.25 Td (the ) Tj ET Q q 0 0 0 rg BT 87.38 213.25 Td (price ) Tj ET Q q 0 0 0 rg BT 110.78 213.25 Td (recovers ) Tj ET Q q 0 0 0 rg BT 148.06 213.25 Td (or ) Tj ET Q q 0 0 0 rg BT 159.80 213.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.43 213.25 Td (security ) Tj ET Q q 0 0 0 rg BT 210.50 213.25 Td (matures. ) Tj ET Q q 0 0 0 rg BT 248.07 213.25 Td (In ) Tj ET Q q 0 0 0 rg BT 259.81 213.25 Td (situations ) Tj ET Q q 0 0 0 rg BT 301.56 213.25 Td (where ) Tj ET Q q 0 0 0 rg BT 329.40 213.25 Td (facts ) Tj ET Q q 0 0 0 rg BT 351.69 213.25 Td (emer) Tj ET Q q 0 0 0 rg BT 371.49 213.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 384.35 213.25 Td (that ) Tj ET Q q 0 0 0 rg BT 402.75 213.25 Td (might ) Tj ET Q q 0 0 0 rg BT 429.50 213.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 465.67 213.25 Td (the ) Tj ET Q q 0 0 0 rg BT 481.30 213.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 499.71 213.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.22 213.25 Td (with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 201.25 Td (recapture ) Tj ET Q q 0 0 0 rg BT 89.82 201.25 Td (of ) Tj ET Q q 0 0 0 rg BT 100.77 201.25 Td (principal, ) Tj ET Q q 0 0 0 rg BT 140.86 201.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 164.60 201.25 Td (may ) Tj ET Q q 0 0 0 rg BT 184.44 201.25 Td (elect ) Tj ET Q q 0 0 0 rg BT 205.94 201.25 Td (to ) Tj ET Q q 0 0 0 rg BT 216.34 201.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 232.85 201.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 273.24 201.25 Td (at ) Tj ET Q q 0 0 0 rg BT 283.09 201.25 Td (a ) Tj ET Q q 0 0 0 rg BT 290.15 201.25 Td (loss. ) Tj ET Q q 0 0 0 rg BT 310.26 201.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 333.99 201.25 Td (had ) Tj ET Q q 0 0 0 rg BT 351.06 201.25 Td (no ) Tj ET Q q 0 0 0 rg BT 363.68 201.25 Td (material ) Tj ET Q q 0 0 0 rg BT 399.07 201.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 422.81 201.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 467.08 201.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 493.59 201.25 Td (in ) Tj ET Q q 0 0 0 rg BT 504.00 201.25 Td (its ) Tj ET Q q 0 0 0 rg BT 516.07 201.25 Td (portfolio ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.69 201.25 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 189.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.70 189.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.29 189.25 Td (period ) Tj ET Q q 0 0 0 rg BT 103.21 189.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 129.46 189.25 Td (September ) Tj ET Q q 0 0 0 rg BT 174.60 189.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 189.47 189.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.47 189.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 214.35 189.25 Td (as ) Tj ET Q q 0 0 0 rg BT 225.05 189.25 Td (of ) Tj ET Q q 0 0 0 rg BT 235.75 189.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.34 189.25 Td (period ) Tj ET Q q 0 0 0 rg BT 278.26 189.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 304.51 189.25 Td (September ) Tj ET Q q 0 0 0 rg BT 349.65 189.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 364.52 189.25 Td (201) Tj ET Q q 0 0 0 rg BT 379.15 189.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.15 189.25 Td (, ) Tj ET Q q 0 0 0 rg BT 389.02 189.25 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.73 189.25 Td (as ) Tj ET Q q 0 0 0 rg BT 410.43 189.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.13 189.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.72 189.25 Td (year ) Tj ET Q q 0 0 0 rg BT 455.30 189.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 481.55 189.25 Td (December ) Tj ET Q q 0 0 0 rg BT 525.01 189.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 539.88 189.25 Td (201) Tj ET Q q 0 0 0 rg BT 554.51 189.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.51 189.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 170.45 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 95.83 170.45 Td (impact ) Tj ET Q q 0 0 0 rg BT 127.77 170.45 Td (of ) Tj ET Q q 0 0 0 rg BT 138.60 170.45 Td (changes ) Tj ET Q q 0 0 0 rg BT 174.99 170.45 Td (in ) Tj ET Q q 0 0 0 rg BT 185.83 170.45 Td (inter) Tj ET Q q 0 0 0 rg BT 206.20 170.45 Td (est ) Tj ET Q q 0 0 0 rg BT 220.36 170.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 243.96 170.45 Td (and ) Tj ET Q q 0 0 0 rg BT 262.58 170.45 Td (securities ) Tj ET Q q 0 0 0 rg BT 305.06 170.45 Td (prices) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 153.45 Td (For ) Tj ET Q q 0 0 0 rg BT 66.00 153.45 Td (Atlas) Tj ET Q q 0 0 0 rg BT 89.70 153.45 Td ( ) Tj ET Q q 0 0 0 rg BT 92.41 153.45 Td (available-for) Tj ET Q q 0 0 0 rg BT 143.29 153.45 Td (-sale ) Tj ET Q q 0 0 0 rg BT 164.88 153.45 Td (fixed ) Tj ET Q q 0 0 0 rg BT 188.13 153.45 Td (income ) Tj ET Q q 0 0 0 rg BT 220.28 153.45 Td (securities ) Tj ET Q q 0 0 0 rg BT 260.75 153.45 Td (held ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.68 153.45 Td (as ) Tj ET Q q 0 0 0 rg BT 291.72 153.45 Td (of ) Tj ET Q q 0 0 0 rg BT 302.76 153.45 Td (the ) Tj ET Q q 0 0 0 rg BT 317.68 153.45 Td (period ) Tj ET Q q 0 0 0 rg BT 345.94 153.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 372.53 153.45 Td (September ) Tj ET Q q 0 0 0 rg BT 418.00 153.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 433.21 153.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.21 153.45 Td (, ) Tj ET Q q 0 0 0 rg BT 458.42 153.45 Td (a ) Tj ET Q q 0 0 0 rg BT 465.57 153.45 Td (100 ) Tj ET Q q 0 0 0 rg BT 483.28 153.45 Td (basis ) Tj ET Q q 0 0 0 rg BT 505.99 153.45 Td (point ) Tj ET Q q 0 0 0 rg BT 529.26 153.45 Td (increase ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 141.45 Td (in ) Tj ET Q q 0 0 0 rg BT 60.70 141.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 93.05 141.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 114.85 141.45 Td (on ) Tj ET Q q 0 0 0 rg BT 127.77 141.45 Td (such ) Tj ET Q q 0 0 0 rg BT 149.03 141.45 Td (held ) Tj ET Q q 0 0 0 rg BT 169.16 141.45 Td (fixed ) Tj ET Q q 0 0 0 rg BT 192.63 141.45 Td (income ) Tj ET Q q 0 0 0 rg BT 224.99 141.45 Td (securities ) Tj ET Q q 0 0 0 rg BT 265.67 141.45 Td (would ) Tj ET Q q 0 0 0 rg BT 293.59 141.45 Td (have ) Tj ET Q q 0 0 0 rg BT 315.39 141.45 Td (increased ) Tj ET Q q 0 0 0 rg BT 356.07 141.45 Td (net ) Tj ET Q q 0 0 0 rg BT 371.21 141.45 Td (investment ) Tj ET Q q 0 0 0 rg BT 418.01 141.45 Td (income ) Tj ET Q q 0 0 0 rg BT 450.36 141.45 Td (and ) Tj ET Q q 0 0 0 rg BT 467.72 141.45 Td (income ) Tj ET Q q 0 0 0 rg BT 500.08 141.45 Td (before ) Tj ET Q q 0 0 0 rg BT 528.54 141.45 Td (taxes ) Tj ET Q q 0 0 0 rg BT 552.01 141.45 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 129.45 Td (approximately ) Tj ET Q q 0 0 0 rg BT 110.05 129.45 Td ($127. ) Tj ET Q q 0 0 0 rg BT 134.83 129.45 Td (Conversely) Tj ET Q q 0 0 0 rg BT 179.73 129.45 Td (, ) Tj ET Q q 0 0 0 rg BT 184.52 129.45 Td (a ) Tj ET Q q 0 0 0 rg BT 191.24 129.45 Td (100 ) Tj ET Q q 0 0 0 rg BT 208.53 129.45 Td (basis ) Tj ET Q q 0 0 0 rg BT 230.81 129.45 Td (point ) Tj ET Q q 0 0 0 rg BT 253.66 129.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 290.36 129.45 Td (in ) Tj ET Q q 0 0 0 rg BT 300.42 129.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 332.14 129.45 Td (rates ) Tj ET Q q 0 0 0 rg BT 353.31 129.45 Td (on ) Tj ET Q q 0 0 0 rg BT 365.59 129.45 Td (such ) Tj ET Q q 0 0 0 rg BT 386.21 129.45 Td (held ) Tj ET Q q 0 0 0 rg BT 405.71 129.45 Td (fixed ) Tj ET Q q 0 0 0 rg BT 428.55 129.45 Td (income ) Tj ET Q q 0 0 0 rg BT 460.27 129.45 Td (securities ) Tj ET Q q 0 0 0 rg BT 500.32 129.45 Td (would ) Tj ET Q q 0 0 0 rg BT 527.60 129.45 Td (decrease ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 117.45 Td (net ) Tj ET Q q 0 0 0 rg BT 64.72 117.45 Td (investment ) Tj ET Q q 0 0 0 rg BT 111.10 117.45 Td (income ) Tj ET Q q 0 0 0 rg BT 143.03 117.45 Td (and ) Tj ET Q q 0 0 0 rg BT 159.97 117.45 Td (income ) Tj ET Q q 0 0 0 rg BT 191.90 117.45 Td (before ) Tj ET Q q 0 0 0 rg BT 219.94 117.45 Td (taxes ) Tj ET Q q 0 0 0 rg BT 242.99 117.45 Td (by ) Tj ET Q q 0 0 0 rg BT 255.49 117.45 Td ($127.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 100.45 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 100.45 Td ( ) Tj ET Q q 0 0 0 rg BT 59.62 100.45 Td (100 ) Tj ET Q q 0 0 0 rg BT 77.58 100.45 Td (basis ) Tj ET Q q 0 0 0 rg BT 100.53 100.45 Td (point ) Tj ET Q q 0 0 0 rg BT 124.04 100.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 159.75 100.45 Td (would ) Tj ET Q q 0 0 0 rg BT 187.71 100.45 Td (have ) Tj ET Q q 0 0 0 rg BT 209.54 100.45 Td (also ) Tj ET Q q 0 0 0 rg BT 228.60 100.45 Td (decreased ) Tj ET Q q 0 0 0 rg BT 270.97 100.45 Td (other ) Tj ET Q q 0 0 0 rg BT 294.47 100.45 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 357.95 100.45 Td (income ) Tj ET Q q 0 0 0 rg BT 390.34 100.45 Td (by ) Tj ET Q q 0 0 0 rg BT 403.30 100.45 Td (approximately ) Tj ET Q q 0 0 0 rg BT 464.01 100.45 Td ($4,106 ) Tj ET Q q 0 0 0 rg BT 494.46 100.45 Td (due ) Tj ET Q q 0 0 0 rg BT 511.86 100.45 Td (to ) Tj ET Q q 0 0 0 rg BT 522.59 100.45 Td (mark-to-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 88.45 Td (market ) Tj ET Q q 0 0 0 rg BT 83.65 88.45 Td (requirements; ) Tj ET Q q 0 0 0 rg BT 140.07 88.45 Td (however) Tj ET Q q 0 0 0 rg BT 174.10 88.45 Td (, ) Tj ET Q q 0 0 0 rg BT 178.05 88.45 Td (holding ) Tj ET Q q 0 0 0 rg BT 210.05 88.45 Td (investments ) Tj ET Q q 0 0 0 rg BT 259.27 88.45 Td (to ) Tj ET Q q 0 0 0 rg BT 268.49 88.45 Td (maturity ) Tj ET Q q 0 0 0 rg BT 303.82 88.45 Td (would ) Tj ET Q q 0 0 0 rg BT 330.26 88.45 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 364.48 88.45 Td (this ) Tj ET Q q 0 0 0 rg BT 380.37 88.45 Td (impact. ) Tj ET Q q 0 0 0 rg BT 411.53 88.45 Td ( ) Tj ET Q q 0 0 0 rg BT 412.97 88.45 Td (Conversely) Tj ET Q q 0 0 0 rg BT 457.87 88.45 Td (, ) Tj ET Q q 0 0 0 rg BT 461.82 88.45 Td (a ) Tj ET Q q 0 0 0 rg BT 467.70 88.45 Td (100 ) Tj ET Q q 0 0 0 rg BT 484.15 88.45 Td (basis ) Tj ET Q q 0 0 0 rg BT 505.59 88.45 Td (point ) Tj ET Q q 0 0 0 rg BT 527.59 88.45 Td (decrease ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 76.45 Td (would ) Tj ET Q q 0 0 0 rg BT 78.17 76.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 114.08 76.45 Td (other ) Tj ET Q q 0 0 0 rg BT 137.80 76.45 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 201.50 76.45 Td (income ) Tj ET Q q 0 0 0 rg BT 234.09 76.45 Td (by ) Tj ET Q q 0 0 0 rg BT 247.26 76.45 Td (the ) Tj ET Q q 0 0 0 rg BT 262.64 76.45 Td (same ) Tj ET Q q 0 0 0 rg BT 286.35 76.45 Td (amount. ) Tj ET Q q 0 0 0 rg BT 321.79 76.45 Td (The ) Tj ET Q q 0 0 0 rg BT 340.50 76.45 Td (impacts ) Tj ET Q q 0 0 0 rg BT 374.77 76.45 Td (described ) Tj ET Q q 0 0 0 rg BT 416.25 76.45 Td (here ) Tj ET Q q 0 0 0 rg BT 436.62 76.45 Td (are ) Tj ET Q q 0 0 0 rg BT 451.99 76.45 Td (approximately ) Tj ET Q q 0 0 0 rg BT 512.92 76.45 Td (linear ) Tj ET Q q 0 0 0 rg BT 538.85 76.45 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 76.45 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 64.45 Td (change ) Tj ET Q q 0 0 0 rg BT 80.82 64.45 Td (in ) Tj ET Q q 0 0 0 rg BT 91.09 64.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 123.03 64.45 Td (rates. ) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 71 0 obj <>] /Rotate 0 /Contents 72 0 R>> endobj 72 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (35) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Due ) Tj ET Q q 0 0 0 rg BT 69.72 742.25 Td (fr) Tj ET Q q 0 0 0 rg BT 77.31 742.25 Td (om ) Tj ET Q q 0 0 0 rg BT 93.14 742.25 Td (Reinsur) Tj ET Q q 0 0 0 rg BT 126.85 742.25 Td (ers ) Tj ET Q q 0 0 0 rg BT 142.12 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 160.74 742.25 Td (Other) Tj ET Q q 0 0 0 rg BT 186.11 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 188.61 742.25 Td (Insur) Tj ET Q q 0 0 0 rg BT 211.77 742.25 Td (ers) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 725.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 73.77 725.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 115.85 725.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 164.59 725.25 Td (from ) Tj ET Q q 0 0 0 rg BT 186.69 725.25 Td (third ) Tj ET Q q 0 0 0 rg BT 208.23 725.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 237.55 725.25 Td (in ) Tj ET Q q 0 0 0 rg BT 247.98 725.25 Td (order ) Tj ET Q q 0 0 0 rg BT 271.74 725.25 Td (to ) Tj ET Q q 0 0 0 rg BT 282.18 725.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 311.48 725.25 Td (its ) Tj ET Q q 0 0 0 rg BT 323.59 725.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 357.35 725.25 Td (on ) Tj ET Q q 0 0 0 rg BT 370.01 725.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 413.22 725.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 434.77 725.25 Td (and ) Tj ET Q q 0 0 0 rg BT 451.86 725.25 Td (its ) Tj ET Q q 0 0 0 rg BT 463.97 725.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 502.73 725.25 Td (to ) Tj ET Q q 0 0 0 rg BT 513.16 725.25 Td (lar) Tj ET Q q 0 0 0 rg BT 523.53 725.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 535.63 725.25 Td (losses. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (Reinsurance ) Tj ET Q q 0 0 0 rg BT 102.51 713.25 Td (is ) Tj ET Q q 0 0 0 rg BT 112.26 713.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 151.43 713.25 Td (purchased ) Tj ET Q q 0 0 0 rg BT 195.05 713.25 Td (by ) Tj ET Q q 0 0 0 rg BT 208.13 713.25 Td (one ) Tj ET Q q 0 0 0 rg BT 225.65 713.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 267.05 713.25 Td (company ) Tj ET Q q 0 0 0 rg BT 306.79 713.25 Td (from ) Tj ET Q q 0 0 0 rg BT 329.31 713.25 Td (another ) Tj ET Q q 0 0 0 rg BT 362.38 713.25 Td (for ) Tj ET Q q 0 0 0 rg BT 377.13 713.25 Td (part ) Tj ET Q q 0 0 0 rg BT 395.76 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 407.17 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.47 713.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 440.55 713.25 Td (originally ) Tj ET Q q 0 0 0 rg BT 482.52 713.25 Td (underwritten ) Tj ET Q q 0 0 0 rg BT 536.70 713.25 Td (by ) Tj ET Q q 0 0 0 rg BT 549.78 713.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 96.73 701.25 Td (\(ceding\) ) Tj ET Q q 0 0 0 rg BT 132.89 701.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 174.05 701.25 Td (company) Tj ET Q q 0 0 0 rg BT 210.06 701.25 Td (. ) Tj ET Q q 0 0 0 rg BT 215.20 701.25 Td (The ) Tj ET Q q 0 0 0 rg BT 233.60 701.25 Td (practice ) Tj ET Q q 0 0 0 rg BT 268.08 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.26 701.25 Td (ceding ) Tj ET Q q 0 0 0 rg BT 308.77 701.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 349.93 701.25 Td (to ) Tj ET Q q 0 0 0 rg BT 360.56 701.25 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 402.83 701.25 Td (allows ) Tj ET Q q 0 0 0 rg BT 431.79 701.25 Td (an ) Tj ET Q q 0 0 0 rg BT 444.08 701.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 485.24 701.25 Td (company ) Tj ET Q q 0 0 0 rg BT 524.74 701.25 Td (to ) Tj ET Q q 0 0 0 rg BT 535.37 701.25 Td (reduce ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (its ) Tj ET Q q 0 0 0 rg BT 61.97 689.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 100.59 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 110.89 689.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 128.97 689.25 Td (by ) Tj ET Q q 0 0 0 rg BT 141.49 689.25 Td (size, ) Tj ET Q q 0 0 0 rg BT 162.06 689.25 Td (geographic ) Tj ET Q q 0 0 0 rg BT 209.00 689.25 Td (area, ) Tj ET Q q 0 0 0 rg BT 230.67 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.63 689.25 Td (type ) Tj ET Q q 0 0 0 rg BT 267.37 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 278.22 689.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 295.74 689.25 Td (or ) Tj ET Q q 0 0 0 rg BT 306.59 689.25 Td (on ) Tj ET Q q 0 0 0 rg BT 319.11 689.25 Td (a ) Tj ET Q q 0 0 0 rg BT 326.07 689.25 Td (particular ) Tj ET Q q 0 0 0 rg BT 366.90 689.25 Td (policy) Tj ET Q q 0 0 0 rg BT 391.25 689.25 Td (. ) Tj ET Q q 0 0 0 rg BT 395.71 689.25 Td (An ) Tj ET Q q 0 0 0 rg BT 410.46 689.25 Td (ef) Tj ET Q q 0 0 0 rg BT 418.04 689.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 435.55 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.40 689.25 Td (ceding ) Tj ET Q q 0 0 0 rg BT 475.58 689.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 516.41 689.25 Td (is ) Tj ET Q q 0 0 0 rg BT 525.60 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 535.90 689.25 Td (permit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 677.25 Td (an ) Tj ET Q q 0 0 0 rg BT 61.44 677.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 101.77 677.25 Td (company ) Tj ET Q q 0 0 0 rg BT 140.43 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 150.21 677.25 Td (write ) Tj ET Q q 0 0 0 rg BT 172.76 677.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 214.76 677.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 255.08 677.25 Td (for ) Tj ET Q q 0 0 0 rg BT 268.75 677.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 289.64 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 299.43 677.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 329.19 677.25 Td (number ) Tj ET Q q 0 0 0 rg BT 361.74 677.25 Td (or ) Tj ET Q q 0 0 0 rg BT 372.08 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 381.86 677.25 Td (lar) Tj ET Q q 0 0 0 rg BT 392.23 677.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 407.00 677.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 442.89 677.25 Td (than ) Tj ET Q q 0 0 0 rg BT 462.12 677.25 Td (it ) Tj ET Q q 0 0 0 rg BT 469.68 677.25 Td (would ) Tj ET Q q 0 0 0 rg BT 496.69 677.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 537.57 677.25 Td (insure ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 665.25 Td (independently) Tj ET Q q 0 0 0 rg BT 106.00 665.25 Td (, ) Tj ET Q q 0 0 0 rg BT 111.00 665.25 Td (based ) Tj ET Q q 0 0 0 rg BT 136.27 665.25 Td (on ) Tj ET Q q 0 0 0 rg BT 148.77 665.25 Td (its ) Tj ET Q q 0 0 0 rg BT 160.72 665.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 198.21 665.25 Td (capital, ) Tj ET Q q 0 0 0 rg BT 229.86 665.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 247.36 665.25 Td (tolerance ) Tj ET Q q 0 0 0 rg BT 286.50 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 303.44 665.25 Td (other ) Tj ET Q q 0 0 0 rg BT 326.49 665.25 Td (factors.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 648.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 74.80 648.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 115.69 648.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 158.81 648.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 208.58 648.25 Td (to ) Tj ET Q q 0 0 0 rg BT 220.05 648.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 242.64 648.25 Td (net ) Tj ET Q q 0 0 0 rg BT 258.54 648.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 298.33 648.25 Td (to ) Tj ET Q q 0 0 0 rg BT 309.80 648.25 Td (a ) Tj ET Q q 0 0 0 rg BT 317.93 648.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 362.17 648.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 395.86 648.25 Td (on ) Tj ET Q q 0 0 0 rg BT 409.55 648.25 Td (any ) Tj ET Q q 0 0 0 rg BT 427.68 648.25 Td (one ) Tj ET Q q 0 0 0 rg BT 445.81 648.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 465.06 648.25 Td (of ) Tj ET Q q 0 0 0 rg BT 477.08 648.25 Td ($500 ) Tj ET Q q 0 0 0 rg BT 500.77 648.25 Td (with ) Tj ET Q q 0 0 0 rg BT 522.24 648.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 554.24 648.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 636.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 99.63 636.25 Td (automobile ) Tj ET Q q 0 0 0 rg BT 147.05 636.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 180.60 636.25 Td (claims. ) Tj ET Q q 0 0 0 rg BT 211.63 636.25 Td ( ) Tj ET Q q 0 0 0 rg BT 213.53 636.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 237.07 636.25 Td (also ) Tj ET Q q 0 0 0 rg BT 255.61 636.25 Td (purchases ) Tj ET Q q 0 0 0 rg BT 297.47 636.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 345.99 636.25 Td (to ) Tj ET Q q 0 0 0 rg BT 356.20 636.25 Td (protect ) Tj ET Q q 0 0 0 rg BT 386.40 636.25 Td (against ) Tj ET Q q 0 0 0 rg BT 417.16 636.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 447.91 636.25 Td (in ) Tj ET Q q 0 0 0 rg BT 458.12 636.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 486.65 636.25 Td (of ) Tj ET Q q 0 0 0 rg BT 497.42 636.25 Td (its ) Tj ET Q q 0 0 0 rg BT 509.30 636.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 536.73 636.25 Td (limits. ) Tj ET Q q 0 0 0 rg BT 564.51 636.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 624.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 73.61 624.25 Td (continually ) Tj ET Q q 0 0 0 rg BT 121.10 624.25 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 160.80 624.25 Td (and ) Tj ET Q q 0 0 0 rg BT 177.74 624.25 Td (adjusts ) Tj ET Q q 0 0 0 rg BT 208.02 624.25 Td (its ) Tj ET Q q 0 0 0 rg BT 219.97 624.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 268.55 624.25 Td (needs ) Tj ET Q q 0 0 0 rg BT 293.82 624.25 Td (based ) Tj ET Q q 0 0 0 rg BT 319.09 624.25 Td (on ) Tj ET Q q 0 0 0 rg BT 331.59 624.25 Td (business ) Tj ET Q q 0 0 0 rg BT 367.98 624.25 Td (volume, ) Tj ET Q q 0 0 0 rg BT 402.97 624.25 Td (mix, ) Tj ET Q q 0 0 0 rg BT 423.53 624.25 Td (and ) Tj ET Q q 0 0 0 rg BT 440.47 624.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 469.64 624.25 Td (levels.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 607.25 Td (Reinsurance ) Tj ET Q q 0 0 0 rg BT 102.38 607.25 Td (ceded ) Tj ET Q q 0 0 0 rg BT 128.65 607.25 Td (does ) Tj ET Q q 0 0 0 rg BT 149.94 607.25 Td (not ) Tj ET Q q 0 0 0 rg BT 165.67 607.25 Td (relieve ) Tj ET Q q 0 0 0 rg BT 195.18 607.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 219.24 607.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.52 607.25 Td (its ) Tj ET Q q 0 0 0 rg BT 242.93 607.25 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 278.65 607.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 312.72 607.25 Td (to ) Tj ET Q q 0 0 0 rg BT 323.45 607.25 Td (its ) Tj ET Q q 0 0 0 rg BT 335.85 607.25 Td (insured ) Tj ET Q q 0 0 0 rg BT 368.25 607.25 Td (in ) Tj ET Q q 0 0 0 rg BT 378.98 607.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.15 607.25 Td (event ) Tj ET Q q 0 0 0 rg BT 418.77 607.25 Td (that ) Tj ET Q q 0 0 0 rg BT 436.72 607.25 Td (any ) Tj ET Q q 0 0 0 rg BT 454.11 607.25 Td (reinsurer ) Tj ET Q q 0 0 0 rg BT 492.60 607.25 Td (is ) Tj ET Q q 0 0 0 rg BT 502.23 607.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 531.84 607.25 Td (to ) Tj ET Q q 0 0 0 rg BT 542.57 607.25 Td (meet ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (their ) Tj ET Q q 0 0 0 rg BT 71.83 595.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 119.79 595.25 Td (under ) Tj ET Q q 0 0 0 rg BT 146.07 595.25 Td (its ) Tj ET Q q 0 0 0 rg BT 159.02 595.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 208.62 595.25 Td (contracts. ) Tj ET Q q 0 0 0 rg BT 250.47 595.25 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 295.12 595.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 319.73 595.25 Td (enters ) Tj ET Q q 0 0 0 rg BT 347.12 595.25 Td (into ) Tj ET Q q 0 0 0 rg BT 366.19 595.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 415.78 595.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 455.39 595.25 Td (with ) Tj ET Q q 0 0 0 rg BT 476.67 595.25 Td (only ) Tj ET Q q 0 0 0 rg BT 497.96 595.25 Td (those ) Tj ET Q q 0 0 0 rg BT 522.58 595.25 Td (reinsurers ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 583.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 84.39 583.25 Td (to ) Tj ET Q q 0 0 0 rg BT 95.46 583.25 Td (have ) Tj ET Q q 0 0 0 rg BT 117.63 583.25 Td (suf) Tj ET Q q 0 0 0 rg BT 129.67 583.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 158.50 583.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 196.77 583.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 237.83 583.25 Td (to ) Tj ET Q q 0 0 0 rg BT 248.90 583.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 282.74 583.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.25 583.25 Td (requested ) Tj ET Q q 0 0 0 rg BT 339.85 583.25 Td (coverage. ) Tj ET Q q 0 0 0 rg BT 381.73 583.25 Td (Reinsurance ) Tj ET Q q 0 0 0 rg BT 434.45 583.25 Td (treaties ) Tj ET Q q 0 0 0 rg BT 466.61 583.25 Td (are ) Tj ET Q q 0 0 0 rg BT 482.11 583.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 522.60 583.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.22 583.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 100.63 571.25 Td (by ) Tj ET Q q 0 0 0 rg BT 112.96 571.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.51 571.25 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 169.27 571.25 Td (or ) Tj ET Q q 0 0 0 rg BT 179.41 571.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 202.85 571.25 Td (on ) Tj ET Q q 0 0 0 rg BT 215.18 571.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.73 571.25 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 278.70 571.25 Td (date ) Tj ET Q q 0 0 0 rg BT 297.68 571.25 Td (and ) Tj ET Q q 0 0 0 rg BT 314.45 571.25 Td (are ) Tj ET Q q 0 0 0 rg BT 328.99 571.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 359.64 571.25 Td (to ) Tj ET Q q 0 0 0 rg BT 369.75 571.25 Td (renegotiation ) Tj ET Q q 0 0 0 rg BT 424.84 571.25 Td (annually) Tj ET Q q 0 0 0 rg BT 458.62 571.25 Td (. ) Tj ET Q q 0 0 0 rg BT 462.94 571.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 486.37 571.25 Td (regularly ) Tj ET Q q 0 0 0 rg BT 524.80 571.25 Td (evaluates ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.23 559.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 101.22 559.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 141.01 559.25 Td (of ) Tj ET Q q 0 0 0 rg BT 151.35 559.25 Td (its ) Tj ET Q q 0 0 0 rg BT 162.81 559.25 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 204.26 559.25 Td (and ) Tj ET Q q 0 0 0 rg BT 220.71 559.25 Td (monitors ) Tj ET Q q 0 0 0 rg BT 258.28 559.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.51 559.25 Td (concentrations ) Tj ET Q q 0 0 0 rg BT 332.83 559.25 Td (of ) Tj ET Q q 0 0 0 rg BT 343.18 559.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 367.95 559.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 384.97 559.25 Td (to ) Tj ET Q q 0 0 0 rg BT 394.76 559.25 Td (minimize ) Tj ET Q q 0 0 0 rg BT 434.54 559.25 Td (its ) Tj ET Q q 0 0 0 rg BT 446.00 559.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 484.11 559.25 Td (to ) Tj ET Q q 0 0 0 rg BT 493.90 559.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 538.13 559.25 Td (losses ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (as ) Tj ET Q q 0 0 0 rg BT 62.22 547.25 Td (a ) Tj ET Q q 0 0 0 rg BT 70.55 547.25 Td (result ) Tj ET Q q 0 0 0 rg BT 96.65 547.25 Td (of ) Tj ET Q q 0 0 0 rg BT 108.87 547.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.98 547.25 Td (insolvency ) Tj ET Q q 0 0 0 rg BT 172.19 547.25 Td (of ) Tj ET Q q 0 0 0 rg BT 184.41 547.25 Td (a ) Tj ET Q q 0 0 0 rg BT 192.74 547.25 Td (reinsurer) Tj ET Q q 0 0 0 rg BT 227.72 547.25 Td (. ) Tj ET Q q 0 0 0 rg BT 233.25 547.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 258.25 547.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 294.90 547.25 Td (that ) Tj ET Q q 0 0 0 rg BT 313.78 547.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.89 547.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 367.67 547.25 Td (it ) Tj ET Q q 0 0 0 rg BT 377.11 547.25 Td (has ) Tj ET Q q 0 0 0 rg BT 394.33 547.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 433.19 547.25 Td (as ) Tj ET Q q 0 0 0 rg BT 445.41 547.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 495.38 547.25 Td (recoverables ) Tj ET Q q 0 0 0 rg BT 549.80 547.25 Td (are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 535.25 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 106.21 535.25 Td (established. ) Tj ET Q q 0 0 0 rg BT 156.05 535.25 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 202.28 535.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 239.07 535.25 Td (of ) Tj ET Q q 0 0 0 rg BT 250.30 535.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 299.29 535.25 Td (recoverables, ) Tj ET Q q 0 0 0 rg BT 355.21 535.25 Td (however) Tj ET Q q 0 0 0 rg BT 389.24 535.25 Td (, ) Tj ET Q q 0 0 0 rg BT 394.64 535.25 Td (is ) Tj ET Q q 0 0 0 rg BT 404.21 535.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 435.44 535.25 Td (to ) Tj ET Q q 0 0 0 rg BT 446.12 535.25 Td (various ) Tj ET Q q 0 0 0 rg BT 478.46 535.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 532.45 535.25 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 535.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 523.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 86.37 523.25 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 129.39 523.25 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 178.51 523.25 Td (may ) Tj ET Q q 0 0 0 rg BT 198.20 523.25 Td (vary ) Tj ET Q q 0 0 0 rg BT 218.45 523.25 Td (from ) Tj ET Q q 0 0 0 rg BT 240.37 523.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 276.74 523.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 315.31 523.25 Td (recorded. ) Tj ET Q q 0 0 0 rg BT 355.27 523.25 Td ( ) Tj ET Q q 0 0 0 rg BT 357.20 523.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 380.79 523.25 Td (had ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.71 523.25 Td ($7.0 ) Tj ET Q q 0 0 0 rg BT 417.69 523.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.58 523.25 Td ( ) Tj ET Q q 0 0 0 rg BT 449.06 523.25 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 498.17 523.25 Td (from ) Tj ET Q q 0 0 0 rg BT 520.09 523.25 Td (third ) Tj ET Q q 0 0 0 rg BT 541.46 523.25 Td (party ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 92.73 511.25 Td (\(exclusive ) Tj ET Q q 0 0 0 rg BT 137.12 511.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.75 511.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 185.94 511.25 Td (prepaid\) ) Tj ET Q q 0 0 0 rg BT 222.56 511.25 Td (and ) Tj ET Q q 0 0 0 rg BT 240.30 511.25 Td (other ) Tj ET Q q 0 0 0 rg BT 264.15 511.25 Td (insurers ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.11 511.25 Td (as ) Tj ET Q q 0 0 0 rg BT 310.74 511.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.37 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.89 511.25 Td (period ) Tj ET Q q 0 0 0 rg BT 366.73 511.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 393.91 511.25 Td (September ) Tj ET Q q 0 0 0 rg BT 439.98 511.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 455.78 511.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.78 511.25 Td ( ) Tj ET Q q 0 0 0 rg BT 479.08 511.25 Td (as ) Tj ET Q q 0 0 0 rg BT 490.71 511.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 533.43 511.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.51 511.25 Td ($8.0 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 499.25 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 78.89 499.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 81.39 499.25 Td (as ) Tj ET Q q 0 0 0 rg BT 92.22 499.25 Td (of ) Tj ET Q q 0 0 0 rg BT 103.05 499.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.77 499.25 Td (year ) Tj ET Q q 0 0 0 rg BT 137.48 499.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 163.85 499.25 Td (December ) Tj ET Q q 0 0 0 rg BT 207.44 499.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 222.44 499.25 Td (201) Tj ET Q q 0 0 0 rg BT 237.07 499.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.07 499.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 482.25 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 95.65 482.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 131.86 482.25 Td (of ) Tj ET Q q 0 0 0 rg BT 142.51 482.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 190.91 482.25 Td (recoverables ) Tj ET Q q 0 0 0 rg BT 243.76 482.25 Td (is ) Tj ET Q q 0 0 0 rg BT 252.75 482.25 Td (also ) Tj ET Q q 0 0 0 rg BT 271.18 482.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 310.15 482.25 Td (by ) Tj ET Q q 0 0 0 rg BT 322.47 482.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.01 482.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 390.42 482.25 Td (involved ) Tj ET Q q 0 0 0 rg BT 427.73 482.25 Td (in ) Tj ET Q q 0 0 0 rg BT 437.83 482.25 Td (the ) Tj ET Q q 0 0 0 rg BT 452.37 482.25 Td (establishment ) Tj ET Q q 0 0 0 rg BT 509.68 482.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.33 482.25 Td (provisions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 470.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.10 470.25 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 91.76 470.25 Td (claims. ) Tj ET Q q 0 0 0 rg BT 121.48 470.25 Td (As ) Tj ET Q q 0 0 0 rg BT 134.03 470.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 178.80 470.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 213.00 470.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 257.20 470.25 Td (develop, ) Tj ET Q q 0 0 0 rg BT 292.80 470.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.46 470.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 341.78 470.25 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 383.77 470.25 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 431.84 470.25 Td (may ) Tj ET Q q 0 0 0 rg BT 450.49 470.25 Td (vary ) Tj ET Q q 0 0 0 rg BT 469.70 470.25 Td (from ) Tj ET Q q 0 0 0 rg BT 490.58 470.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 525.91 470.25 Td (currently ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 458.25 Td (recorded. ) Tj ET Q q 0 0 0 rg BT 90.28 458.25 Td (Atlas) Tj ET Q q 0 0 0 rg BT 113.98 458.25 Td ( ) Tj ET Q q 0 0 0 rg BT 117.58 458.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 167.26 458.25 Td (recoverables ) Tj ET Q q 0 0 0 rg BT 221.38 458.25 Td (are ) Tj ET Q q 0 0 0 rg BT 237.19 458.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 277.99 458.25 Td (unsecured. ) Tj ET Q q 0 0 0 rg BT 323.84 458.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 348.54 458.25 Td (regularly ) Tj ET Q q 0 0 0 rg BT 388.24 458.25 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 429.04 458.25 Td (its ) Tj ET Q q 0 0 0 rg BT 442.09 458.25 Td (reinsurers, ) Tj ET Q q 0 0 0 rg BT 487.62 458.25 Td (and ) Tj ET Q q 0 0 0 rg BT 505.66 458.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.47 458.25 Td (respective ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 446.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 86.39 446.25 Td (recoverable, ) Tj ET Q q 0 0 0 rg BT 138.02 446.25 Td (and ) Tj ET Q q 0 0 0 rg BT 154.96 446.25 Td (an ) Tj ET Q q 0 0 0 rg BT 166.89 446.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 209.93 446.25 Td (for ) Tj ET Q q 0 0 0 rg BT 224.09 446.25 Td (uncollectible ) Tj ET Q q 0 0 0 rg BT 278.23 446.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 326.82 446.25 Td (is ) Tj ET Q q 0 0 0 rg BT 335.99 446.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 374.03 446.25 Td (for) Tj ET Q q 0 0 0 rg BT 385.29 446.25 Td (, ) Tj ET Q q 0 0 0 rg BT 390.29 446.25 Td (if ) Tj ET Q q 0 0 0 rg BT 398.90 446.25 Td (needed. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 429.25 Td (Atlas) Tj ET Q q 0 0 0 rg BT 73.70 429.25 Td ( ) Tj ET Q q 0 0 0 rg BT 75.21 429.25 Td (lar) Tj ET Q q 0 0 0 rg BT 85.58 429.25 Td (gest ) Tj ET Q q 0 0 0 rg BT 103.21 429.25 Td (reinsurance ) Tj ET Q q 0 0 0 rg BT 150.81 429.25 Td (partners ) Tj ET Q q 0 0 0 rg BT 184.54 429.25 Td (are ) Tj ET Q q 0 0 0 rg BT 198.26 429.25 Td (Great ) Tj ET Q q 0 0 0 rg BT 221.65 429.25 Td (American ) Tj ET Q q 0 0 0 rg BT 262.59 429.25 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 302.98 429.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 343.39 429.25 Td (\(Great ) Tj ET Q q 0 0 0 rg BT 374.54 429.25 Td (American\), ) Tj ET Q q 0 0 0 rg BT 425.76 429.25 Td (a ) Tj ET Q q 0 0 0 rg BT 431.71 429.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 474.34 429.25 Td (of ) Tj ET Q q 0 0 0 rg BT 483.85 429.25 Td (American ) Tj ET Q q 0 0 0 rg BT 524.80 429.25 Td (Financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 417.25 Td (Group, ) Tj ET Q q 0 0 0 rg BT 81.27 417.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 99.76 417.25 Td (and ) Tj ET Q q 0 0 0 rg BT 117.42 417.25 Td (Gen ) Tj ET Q q 0 0 0 rg BT 137.31 417.25 Td (Re, ) Tj ET Q q 0 0 0 rg BT 154.14 417.25 Td (a ) Tj ET Q q 0 0 0 rg BT 161.80 417.25 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 206.13 417.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.68 417.25 Td (Berkshire ) Tj ET Q q 0 0 0 rg BT 259.78 417.25 Td (Hathaway) Tj ET Q q 0 0 0 rg BT 299.66 417.25 Td (, ) Tj ET Q q 0 0 0 rg BT 305.39 417.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 323.88 417.25 Td (Great ) Tj ET Q q 0 0 0 rg BT 348.59 417.25 Td (American ) Tj ET Q q 0 0 0 rg BT 391.24 417.25 Td (has ) Tj ET Q q 0 0 0 rg BT 407.79 417.25 Td (a ) Tj ET Q q 0 0 0 rg BT 415.45 417.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 453.65 417.25 Td (strength ) Tj ET Q q 0 0 0 rg BT 489.09 417.25 Td (rating ) Tj ET Q q 0 0 0 rg BT 515.64 417.25 Td (of ) Tj ET Q q 0 0 0 rg BT 526.48 417.25 Td (A+ ) Tj ET Q q 0 0 0 rg BT 542.56 417.25 Td (from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 405.25 Td (Standard ) Tj ET Q q 0 0 0 rg BT 88.05 405.25 Td (& ) Tj ET Q q 0 0 0 rg BT 98.33 405.25 Td (Poor) Tj ET Q q 0 0 0 rg BT 117.59 405.25 Td () Tj ET Q q 0 0 0 rg BT 120.37 405.25 Td (s, ) Tj ET Q q 0 0 0 rg BT 129.26 405.25 Td (while ) Tj ET Q q 0 0 0 rg BT 153.97 405.25 Td (Gen ) Tj ET Q q 0 0 0 rg BT 173.13 405.25 Td (Re ) Tj ET Q q 0 0 0 rg BT 186.74 405.25 Td (has ) Tj ET Q q 0 0 0 rg BT 202.57 405.25 Td (a ) Tj ET Q q 0 0 0 rg BT 209.51 405.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 246.99 405.25 Td (strength ) Tj ET Q q 0 0 0 rg BT 281.71 405.25 Td (rating ) Tj ET Q q 0 0 0 rg BT 307.53 405.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.81 405.25 Td (Aa1 ) Tj ET Q q 0 0 0 rg BT 336.97 405.25 Td (from ) Tj ET Q q 0 0 0 rg BT 358.91 405.25 Td (Moody) Tj ET Q q 0 0 0 rg BT 390.58 405.25 Td (s.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 386.45 Td (Deferr) Tj ET Q q 0 0 0 rg BT 78.13 386.45 Td (ed ) Tj ET Q q 0 0 0 rg BT 90.44 386.45 Td (T) Tj ET Q q 0 0 0 rg BT 96.20 386.45 Td (ax ) Tj ET Q q 0 0 0 rg BT 108.14 386.45 Td (Asset) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 361.70 Td (Components of Deferr) Tj ET Q q 0 0 0 rg BT 145.35 361.70 Td (ed ) Tj ET Q q 0 0 0 rg BT 157.67 361.70 Td (T) Tj ET Q q 0 0 0 rg BT 163.42 361.70 Td (ax \(in '000s\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 334.95 374.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 334.95 69.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 334.95 69.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 310.95 374.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 310.95 69.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 310.95 69.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 286.95 374.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 286.95 69.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 286.95 69.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 262.95 374.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 262.95 69.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 262.95 69.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 238.95 374.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 238.95 69.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 238.95 69.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 214.95 374.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 214.95 69.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 214.95 69.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 190.95 374.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 190.95 69.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 190.95 69.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 355.95000000000005 m 493.5 355.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 334.95000000000005 m 493.5 334.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 355.95000000000005 m 562.5 355.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 334.95000000000005 m 562.5 334.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 334.95000000000005 m 493.5 334.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 334.95000000000005 m 562.5 334.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 262.95000000000005 m 493.5 262.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 262.95000000000005 m 562.5 262.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 262.95000000000005 m 493.5 262.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 251.95000000000005 m 493.5 251.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 249.95000000000005 m 493.5 249.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 262.95000000000005 m 562.5 262.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 251.95000000000005 m 562.5 251.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 249.95000000000005 m 562.5 249.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 249.95000000000005 m 493.5 249.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 251.95000000000005 m 493.5 251.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 249.95000000000005 m 562.5 249.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 251.95000000000005 m 562.5 251.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 190.95000000000005 m 493.5 190.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 190.95000000000005 m 562.5 190.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 190.95000000000005 m 493.5 190.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 178.95000000000005 m 493.5 178.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 190.95000000000005 m 562.5 190.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 178.95000000000005 m 562.5 178.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 178.95000000000005 m 493.5 178.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 167.95000000000005 m 493.5 167.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 165.95000000000005 m 493.5 165.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 178.95000000000005 m 562.5 178.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 167.95000000000005 m 562.5 167.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 165.95000000000005 m 562.5 165.95000000000005 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 339.63 Td (As at period ended:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 428.00 346.68 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.50 336.73 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 498.40 346.68 Td (December 31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 517.75 336.73 Td (2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 325.68 Td (Deferred tax assets:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 313.57 Td (Unpaid claims and unearned premiums) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.00 313.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 313.57 Td (3,471) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.00 313.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 313.57 Td (3,004) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 301.57 Td (Loss carry-forwards) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 301.57 Td (15,880) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 301.57 Td (15,558) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 289.57 Td (Bad debts) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 289.57 Td (131) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 289.57 Td (1,297) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 277.57 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 277.57 Td (1,456) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 277.57 Td (1,338) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 265.57 Td (Valuation Allowance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.80 265.57 Td (\(11,703) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 265.57 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 265.57 Td (\(12,361) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 265.57 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 253.68 Td (Total gross deferred tax assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.00 253.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 253.57 Td (9,235) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.00 253.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 253.57 Td (8,836) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 229.68 Td (Deferred tax liabilities:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 217.57 Td (Investment securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.00 217.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 217.57 Td (1,167) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.00 217.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 217.57 Td (740) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 205.57 Td (Deferred policy acquisition costs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 205.57 Td (1,530) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 205.57 Td (1,027) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 193.57 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 193.57 Td (195) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 193.57 Td (294) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 181.68 Td (Total gross deferred tax liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 181.57 Td (2,892) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 181.57 Td (2,061) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 169.68 Td (Net deferred tax assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.00 169.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 169.57 Td (6,343) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.00 169.57 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 169.57 Td (6,775) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 150.45 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 73.69 150.45 Td (established ) Tj ET Q q 0 0 0 rg BT 120.70 150.45 Td (a ) Tj ET Q q 0 0 0 rg BT 127.71 150.45 Td (valuation ) Tj ET Q q 0 0 0 rg BT 167.50 150.45 Td (allowance ) Tj ET Q q 0 0 0 rg BT 210.61 150.45 Td (of ) Tj ET Q q 0 0 0 rg BT 221.52 150.45 Td (approximately ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.85 150.45 Td ($1) Tj ET Q q 0 0 0 rg BT 291.48 150.45 Td (1.7 ) Tj ET Q q 0 0 0 rg BT 306.56 150.45 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.45 150.45 Td ( ) Tj ET Q q 0 0 0 rg BT 338.03 150.45 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.04 150.45 Td ($12.4 ) Tj ET Q q 0 0 0 rg BT 380.12 150.45 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.01 150.45 Td ( ) Tj ET Q q 0 0 0 rg BT 411.59 150.45 Td (for ) Tj ET Q q 0 0 0 rg BT 425.83 150.45 Td (its ) Tj ET Q q 0 0 0 rg BT 437.85 150.45 Td (gross ) Tj ET Q q 0 0 0 rg BT 461.54 150.45 Td (future ) Tj ET Q q 0 0 0 rg BT 488.00 150.45 Td (deferred ) Tj ET Q q 0 0 0 rg BT 523.88 150.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 538.67 150.45 Td (assets ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 138.45 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 138.45 Td (of ) Tj ET Q q 0 0 0 rg BT 71.66 138.45 Td (the ) Tj ET Q q 0 0 0 rg BT 86.38 138.45 Td (period ) Tj ET Q q 0 0 0 rg BT 114.42 138.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 140.80 138.45 Td (September ) Tj ET Q q 0 0 0 rg BT 186.06 138.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 201.06 138.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.06 138.45 Td ( ) Tj ET Q q 0 0 0 rg BT 223.56 138.45 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.50 138.45 Td (as ) Tj ET Q q 0 0 0 rg BT 251.33 138.45 Td (of ) Tj ET Q q 0 0 0 rg BT 262.16 138.45 Td (the ) Tj ET Q q 0 0 0 rg BT 276.88 138.45 Td (year ) Tj ET Q q 0 0 0 rg BT 296.59 138.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 322.96 138.45 Td (December ) Tj ET Q q 0 0 0 rg BT 366.55 138.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 381.55 138.45 Td (201) Tj ET Q q 0 0 0 rg BT 396.18 138.45 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.18 138.45 Td (, ) Tj ET Q q 0 0 0 rg BT 406.18 138.45 Td (respectively) Tj ET Q q 0 0 0 rg BT 453.84 138.45 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 121.45 Td (Based ) Tj ET Q q 0 0 0 rg BT 76.75 121.45 Td (on ) Tj ET Q q 0 0 0 rg BT 88.56 121.45 Td (Atlas) Tj ET Q q 0 0 0 rg BT 112.26 121.45 Td ( ) Tj ET Q q 0 0 0 rg BT 114.57 121.45 Td (expectations ) Tj ET Q q 0 0 0 rg BT 166.87 121.45 Td (of ) Tj ET Q q 0 0 0 rg BT 177.51 121.45 Td (future ) Tj ET Q q 0 0 0 rg BT 203.71 121.45 Td (taxable ) Tj ET Q q 0 0 0 rg BT 234.89 121.45 Td (income, ) Tj ET Q q 0 0 0 rg BT 269.14 121.45 Td (as ) Tj ET Q q 0 0 0 rg BT 279.79 121.45 Td (well ) Tj ET Q q 0 0 0 rg BT 299.32 121.45 Td (as ) Tj ET Q q 0 0 0 rg BT 309.97 121.45 Td (the ) Tj ET Q q 0 0 0 rg BT 324.50 121.45 Td (reversal ) Tj ET Q q 0 0 0 rg BT 358.46 121.45 Td (of ) Tj ET Q q 0 0 0 rg BT 369.11 121.45 Td (gross ) Tj ET Q q 0 0 0 rg BT 392.54 121.45 Td (future ) Tj ET Q q 0 0 0 rg BT 418.73 121.45 Td (deferred ) Tj ET Q q 0 0 0 rg BT 454.35 121.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 468.89 121.45 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 510.92 121.45 Td (management ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 109.45 Td (believes ) Tj ET Q q 0 0 0 rg BT 85.43 109.45 Td (it ) Tj ET Q q 0 0 0 rg BT 93.65 109.45 Td (is ) Tj ET Q q 0 0 0 rg BT 102.98 109.45 Td (more ) Tj ET Q q 0 0 0 rg BT 126.19 109.45 Td (likely ) Tj ET Q q 0 0 0 rg BT 151.62 109.45 Td (than ) Tj ET Q q 0 0 0 rg BT 171.50 109.45 Td (not ) Tj ET Q q 0 0 0 rg BT 186.94 109.45 Td (that ) Tj ET Q q 0 0 0 rg BT 204.01 109.45 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 227.78 109.45 Td (will ) Tj ET Q q 0 0 0 rg BT 246.00 109.45 Td (fully ) Tj ET Q q 0 0 0 rg BT 267.55 109.45 Td (realize ) Tj ET Q q 0 0 0 rg BT 296.86 109.45 Td (the ) Tj ET Q q 0 0 0 rg BT 311.74 109.45 Td (net ) Tj ET Q q 0 0 0 rg BT 326.62 109.45 Td (future ) Tj ET Q q 0 0 0 rg BT 353.15 109.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 368.03 109.45 Td (assets, ) Tj ET Q q 0 0 0 rg BT 396.53 109.45 Td (with ) Tj ET Q q 0 0 0 rg BT 416.97 109.45 Td (the ) Tj ET Q q 0 0 0 rg BT 431.85 109.45 Td (exception ) Tj ET Q q 0 0 0 rg BT 473.38 109.45 Td (of ) Tj ET Q q 0 0 0 rg BT 484.37 109.45 Td (the ) Tj ET Q q 0 0 0 rg BT 499.25 109.45 Td (aforementioned ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 97.45 Td (valuation ) Tj ET Q q 0 0 0 rg BT 89.18 97.45 Td (allowance. ) Tj ET Q q 0 0 0 rg BT 133.74 97.45 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 156.81 97.45 Td (has ) Tj ET Q q 0 0 0 rg BT 172.11 97.45 Td (therefore ) Tj ET Q q 0 0 0 rg BT 210.16 97.45 Td (established ) Tj ET Q q 0 0 0 rg BT 256.56 97.45 Td (the ) Tj ET Q q 0 0 0 rg BT 270.74 97.45 Td (valuation ) Tj ET Q q 0 0 0 rg BT 309.92 97.45 Td (allowance ) Tj ET Q q 0 0 0 rg BT 352.42 97.45 Td (as ) Tj ET Q q 0 0 0 rg BT 362.71 97.45 Td (a ) Tj ET Q q 0 0 0 rg BT 369.11 97.45 Td (result ) Tj ET Q q 0 0 0 rg BT 393.30 97.45 Td (of ) Tj ET Q q 0 0 0 rg BT 403.59 97.45 Td (the ) Tj ET Q q 0 0 0 rg BT 417.77 97.45 Td (potential ) Tj ET Q q 0 0 0 rg BT 454.73 97.45 Td (inability ) Tj ET Q q 0 0 0 rg BT 490.03 97.45 Td (to ) Tj ET Q q 0 0 0 rg BT 499.77 97.45 Td (utilize ) Tj ET Q q 0 0 0 rg BT 526.72 97.45 Td (a ) Tj ET Q q 0 0 0 rg BT 533.13 97.45 Td (portion ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 85.45 Td (of ) Tj ET Q q 0 0 0 rg BT 60.37 85.45 Td (its ) Tj ET Q q 0 0 0 rg BT 71.85 85.45 Td (net ) Tj ET Q q 0 0 0 rg BT 86.10 85.45 Td (operation ) Tj ET Q q 0 0 0 rg BT 125.90 85.45 Td (losses ) Tj ET Q q 0 0 0 rg BT 151.83 85.45 Td (in ) Tj ET Q q 0 0 0 rg BT 161.64 85.45 Td (the ) Tj ET Q q 0 0 0 rg BT 175.89 85.45 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 195.71 85.45 Td (which ) Tj ET Q q 0 0 0 rg BT 222.18 85.45 Td (are ) Tj ET Q q 0 0 0 rg BT 236.43 85.45 Td (subject ) Tj ET Q q 0 0 0 rg BT 266.79 85.45 Td (to ) Tj ET Q q 0 0 0 rg BT 276.60 85.45 Td (a ) Tj ET Q q 0 0 0 rg BT 283.07 85.45 Td (yearly ) Tj ET Q q 0 0 0 rg BT 310.09 85.45 Td (limitation. ) Tj ET Q q 0 0 0 rg BT 353.37 85.45 Td (The ) Tj ET Q q 0 0 0 rg BT 370.95 85.45 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 417.97 85.45 Td (over ) Tj ET Q q 0 0 0 rg BT 437.77 85.45 Td (the ) Tj ET Q q 0 0 0 rg BT 452.02 85.45 Td (Company) Tj ET Q q 0 0 0 rg BT 493.69 85.45 Td (s ) Tj ET Q q 0 0 0 rg BT 499.61 85.45 Td (ability ) Tj ET Q q 0 0 0 rg BT 527.20 85.45 Td (to ) Tj ET Q q 0 0 0 rg BT 537.01 85.45 Td (utilize ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 73.45 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 73.45 Td (portion ) Tj ET Q q 0 0 0 rg BT 88.33 73.45 Td (of ) Tj ET Q q 0 0 0 rg BT 99.16 73.45 Td (these ) Tj ET Q q 0 0 0 rg BT 122.20 73.45 Td (losses ) Tj ET Q q 0 0 0 rg BT 148.59 73.45 Td (over ) Tj ET Q q 0 0 0 rg BT 168.86 73.45 Td (the ) Tj ET Q q 0 0 0 rg BT 183.58 73.45 Td (short ) Tj ET Q q 0 0 0 rg BT 206.08 73.45 Td (term ) Tj ET Q q 0 0 0 rg BT 226.90 73.45 Td (has ) Tj ET Q q 0 0 0 rg BT 242.73 73.45 Td (led ) Tj ET Q q 0 0 0 rg BT 257.45 73.45 Td (to ) Tj ET Q q 0 0 0 rg BT 267.73 73.45 Td (the ) Tj ET Q q 0 0 0 rg BT 282.45 73.45 Td (recording ) Tj ET Q q 0 0 0 rg BT 323.26 73.45 Td (of ) Tj ET Q q 0 0 0 rg BT 334.09 73.45 Td (a ) Tj ET Q q 0 0 0 rg BT 341.03 73.45 Td (valuation ) Tj ET Q q 0 0 0 rg BT 380.74 73.45 Td (allowance. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 56.45 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 73.61 56.45 Td (has ) Tj ET Q q 0 0 0 rg BT 89.44 56.45 Td (the ) Tj ET Q q 0 0 0 rg BT 104.16 56.45 Td (following ) Tj ET Q q 0 0 0 rg BT 145.54 56.45 Td (total ) Tj ET Q q 0 0 0 rg BT 165.82 56.45 Td (net ) Tj ET Q q 0 0 0 rg BT 180.53 56.45 Td (operating ) Tj ET Q q 0 0 0 rg BT 220.80 56.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 238.86 56.45 Td (carry-forwards ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.77 56.45 Td (as ) Tj ET Q q 0 0 0 rg BT 311.60 56.45 Td (of ) Tj ET Q q 0 0 0 rg BT 322.43 56.45 Td (the ) Tj ET Q q 0 0 0 rg BT 337.14 56.45 Td (period ) Tj ET Q q 0 0 0 rg BT 365.19 56.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 391.57 56.45 Td (September ) Tj ET Q q 0 0 0 rg BT 436.83 56.45 Td (30, ) Tj ET Q q 0 0 0 rg BT 451.83 56.45 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.83 56.45 Td (: ) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 73 0 obj <>] /Rotate 0 /Contents 74 0 R>> endobj 74 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (36) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 739.25 Td (Net operating loss carry-forward by expiry \(in '000s\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 722.50 230.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 722.50 227.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 722.50 45.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 700.50 230.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 700.50 227.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 700.50 45.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 678.50 230.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 678.50 227.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 678.50 45.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 656.50 230.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 656.50 227.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 656.50 45.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 634.50 230.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 634.50 227.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 634.50 45.00 -11.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 733.5 m 280.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 722.5 m 280.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 733.5 m 507.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 722.5 m 507.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 733.5 m 552.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 722.5 m 552.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 722.5 m 280.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 722.5 m 507.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 722.5 m 552.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 623.5 m 280.5 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 623.5 m 507.5 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 623.5 m 280.5 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 613.5 m 280.5 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 611.5 m 280.5 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 623.5 m 507.5 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 613.5 m 507.5 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 611.5 m 507.5 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 623.5 m 552.5 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 613.5 m 552.5 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 611.5 m 552.5 611.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 126.05 724.12 Td (Year of Occurrence) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 356.50 724.12 Td (Year of Expiration) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.10 724.12 Td (Amount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.00 713.12 Td (2001) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.50 713.12 Td (2021) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.00 713.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.10 713.12 Td (14,750) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.00 702.12 Td (2002) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.50 702.12 Td (2022) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 702.12 Td (4,317) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.00 691.12 Td (2006) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.50 691.12 Td (2026) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 691.12 Td (7,825) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.00 680.12 Td (2007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.50 680.12 Td (2027) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 680.12 Td (5,131) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.00 669.12 Td (2008) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.50 669.12 Td (2028) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 669.12 Td (1,949) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.00 658.12 Td (2009) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.50 658.12 Td (2029) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 658.12 Td (1,949) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.00 647.12 Td (2010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.50 647.12 Td (2030) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 647.12 Td (1,949) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.00 636.12 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.50 636.12 Td (2031) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 636.12 Td (7,762) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.00 625.12 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.50 625.12 Td (2032) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 625.12 Td (1,074) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 614.12 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.00 614.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.10 614.12 Td (46,706) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 596.00 Td (Assets ) Tj ET Q q 0 0 0 rg BT 79.17 596.00 Td (Held ) Tj ET Q q 0 0 0 rg BT 102.22 596.00 Td (for) Tj ET Q q 0 0 0 rg BT 114.81 596.00 Td ( ) Tj ET Q q 0 0 0 rg BT 117.31 596.00 Td (Sale ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 579.00 Td (On ) Tj ET Q q 0 0 0 rg BT 65.02 579.00 Td (May ) Tj ET Q q 0 0 0 rg BT 86.16 579.00 Td (22, ) Tj ET Q q 0 0 0 rg BT 101.46 579.00 Td (2012, ) Tj ET Q q 0 0 0 rg BT 126.14 579.00 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 150.06 579.00 Td (closed ) Tj ET Q q 0 0 0 rg BT 178.40 579.00 Td (the ) Tj ET Q q 0 0 0 rg BT 193.42 579.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 211.77 579.00 Td (of ) Tj ET Q q 0 0 0 rg BT 222.91 579.00 Td (the ) Tj ET Q q 0 0 0 rg BT 237.93 579.00 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 291.81 579.00 Td (building ) Tj ET Q q 0 0 0 rg BT 327.95 579.00 Td (to ) Tj ET Q q 0 0 0 rg BT 338.53 579.00 Td (150 ) Tj ET Q q 0 0 0 rg BT 356.33 579.00 Td (Northwest ) Tj ET Q q 0 0 0 rg BT 400.80 579.00 Td (Point, ) Tj ET Q q 0 0 0 rg BT 427.22 579.00 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 451.41 579.00 Td (a ) Tj ET Q q 0 0 0 rg BT 458.65 579.00 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 499.76 579.00 Td (limited ) Tj ET Q q 0 0 0 rg BT 530.89 579.00 Td (liability ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 567.00 Td (company) Tj ET Q q 0 0 0 rg BT 86.01 567.00 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.76 567.00 Td (As ) Tj ET Q q 0 0 0 rg BT 104.76 567.00 Td (of ) Tj ET Q q 0 0 0 rg BT 115.97 567.00 Td (the ) Tj ET Q q 0 0 0 rg BT 131.08 567.00 Td (year ) Tj ET Q q 0 0 0 rg BT 151.17 567.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 177.94 567.00 Td (December ) Tj ET Q q 0 0 0 rg BT 221.91 567.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 237.29 567.00 Td (201) Tj ET Q q 0 0 0 rg BT 251.92 567.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.92 567.00 Td (, ) Tj ET Q q 0 0 0 rg BT 262.31 567.00 Td (the ) Tj ET Q q 0 0 0 rg BT 277.41 567.00 Td (property ) Tj ET Q q 0 0 0 rg BT 314.18 567.00 Td (was ) Tj ET Q q 0 0 0 rg BT 332.62 567.00 Td (recorded ) Tj ET Q q 0 0 0 rg BT 370.48 567.00 Td (as ) Tj ET Q q 0 0 0 rg BT 381.70 567.00 Td (a ) Tj ET Q q 0 0 0 rg BT 389.02 567.00 Td (component ) Tj ET Q q 0 0 0 rg BT 436.34 567.00 Td (of ) Tj ET Q q 0 0 0 rg BT 447.56 567.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 473.78 567.00 Td (held ) Tj ET Q q 0 0 0 rg BT 493.88 567.00 Td (for ) Tj ET Q q 0 0 0 rg BT 508.43 567.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 526.86 567.00 Td (on ) Tj ET Q q 0 0 0 rg BT 539.11 567.00 Td (Atlas' ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 555.00 Td (statement ) Tj ET Q q 0 0 0 rg BT 90.82 555.00 Td (of ) Tj ET Q q 0 0 0 rg BT 101.65 555.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 139.13 555.00 Td (position. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.00 Td (The ) Tj ET Q q 0 0 0 rg BT 68.17 538.00 Td (total ) Tj ET Q q 0 0 0 rg BT 88.56 538.00 Td (sales ) Tj ET Q q 0 0 0 rg BT 110.62 538.00 Td (price ) Tj ET Q q 0 0 0 rg BT 133.22 538.00 Td (of ) Tj ET Q q 0 0 0 rg BT 144.17 538.00 Td (the ) Tj ET Q q 0 0 0 rg BT 159.01 538.00 Td (property) Tj ET Q q 0 0 0 rg BT 192.24 538.00 Td (, ) Tj ET Q q 0 0 0 rg BT 197.36 538.00 Td (which ) Tj ET Q q 0 0 0 rg BT 224.41 538.00 Td (was ) Tj ET Q q 0 0 0 rg BT 242.59 538.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 262.42 538.00 Td (in ) Tj ET Q q 0 0 0 rg BT 272.82 538.00 Td (cash, ) Tj ET Q q 0 0 0 rg BT 295.71 538.00 Td (amounted ) Tj ET Q q 0 0 0 rg BT 337.76 538.00 Td (to ) Tj ET Q q 0 0 0 rg BT 348.16 538.00 Td ($14.0 ) Tj ET Q q 0 0 0 rg BT 373.28 538.00 Td (million, ) Tj ET Q q 0 0 0 rg BT 407.29 538.00 Td (less ) Tj ET Q q 0 0 0 rg BT 424.91 538.00 Td (closing ) Tj ET Q q 0 0 0 rg BT 456.42 538.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 479.04 538.00 Td (and ) Tj ET Q q 0 0 0 rg BT 496.09 538.00 Td (related ) Tj ET Q q 0 0 0 rg BT 525.92 538.00 Td (expenses ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.00 Td (of ) Tj ET Q q 0 0 0 rg BT 61.36 526.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 122.16 526.00 Td ($633,000. ) Tj ET Q q 0 0 0 rg BT 165.19 526.00 Td (In ) Tj ET Q q 0 0 0 rg BT 176.56 526.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 223.46 526.00 Td (with ) Tj ET Q q 0 0 0 rg BT 244.28 526.00 Td (the ) Tj ET Q q 0 0 0 rg BT 259.53 526.00 Td (sale, ) Tj ET Q q 0 0 0 rg BT 280.61 526.00 Td (the ) Tj ET Q q 0 0 0 rg BT 295.86 526.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 337.78 526.00 Td (also ) Tj ET Q q 0 0 0 rg BT 356.93 526.00 Td (wrote ) Tj ET Q q 0 0 0 rg BT 382.73 526.00 Td (down ) Tj ET Q q 0 0 0 rg BT 407.99 526.00 Td (an ) Tj ET Q q 0 0 0 rg BT 420.46 526.00 Td (accrual ) Tj ET Q q 0 0 0 rg BT 452.36 526.00 Td (of ) Tj ET Q q 0 0 0 rg BT 463.72 526.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 524.51 526.00 Td ($792,000 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.00 Td (held ) Tj ET Q q 0 0 0 rg BT 69.75 514.00 Td (for ) Tj ET Q q 0 0 0 rg BT 83.93 514.00 Td (real-estate ) Tj ET Q q 0 0 0 rg BT 127.54 514.00 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 152.56 514.00 Td (Approximately ) Tj ET Q q 0 0 0 rg BT 215.63 514.00 Td ($830,000 ) Tj ET Q q 0 0 0 rg BT 255.66 514.00 Td (of ) Tj ET Q q 0 0 0 rg BT 266.52 514.00 Td (the ) Tj ET Q q 0 0 0 rg BT 281.26 514.00 Td (sales ) Tj ET Q q 0 0 0 rg BT 303.23 514.00 Td (price ) Tj ET Q q 0 0 0 rg BT 325.74 514.00 Td (was ) Tj ET Q q 0 0 0 rg BT 343.82 514.00 Td (held ) Tj ET Q q 0 0 0 rg BT 363.57 514.00 Td (in ) Tj ET Q q 0 0 0 rg BT 373.87 514.00 Td (escrow ) Tj ET Q q 0 0 0 rg BT 404.72 514.00 Td (for ) Tj ET Q q 0 0 0 rg BT 418.91 514.00 Td (real-estate ) Tj ET Q q 0 0 0 rg BT 462.52 514.00 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 487.53 514.00 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 511.17 514.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 557.56 514.00 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.00 Td (gain ) Tj ET Q q 0 0 0 rg BT 69.38 502.00 Td (on ) Tj ET Q q 0 0 0 rg BT 81.54 502.00 Td (the ) Tj ET Q q 0 0 0 rg BT 95.92 502.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 113.63 502.00 Td (of ) Tj ET Q q 0 0 0 rg BT 124.13 502.00 Td (this ) Tj ET Q q 0 0 0 rg BT 140.74 502.00 Td (property ) Tj ET Q q 0 0 0 rg BT 176.78 502.00 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.27 502.00 Td ($213) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.27 502.00 Td (,000, ) Tj ET Q q 0 0 0 rg BT 229.43 502.00 Td (which ) Tj ET Q q 0 0 0 rg BT 256.04 502.00 Td (will ) Tj ET Q q 0 0 0 rg BT 273.75 502.00 Td (be ) Tj ET Q q 0 0 0 rg BT 285.36 502.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 320.83 502.00 Td (and ) Tj ET Q q 0 0 0 rg BT 337.43 502.00 Td (recognized ) Tj ET Q q 0 0 0 rg BT 383.45 502.00 Td (over ) Tj ET Q q 0 0 0 rg BT 403.38 502.00 Td (the ) Tj ET Q q 0 0 0 rg BT 417.76 502.00 Td (5 ) Tj ET Q q 0 0 0 rg BT 424.93 502.00 Td (year ) Tj ET Q q 0 0 0 rg BT 444.30 502.00 Td (lease ) Tj ET Q q 0 0 0 rg BT 466.45 502.00 Td (term. ) Tj ET Q q 0 0 0 rg BT 489.43 502.00 Td (In ) Tj ET Q q 0 0 0 rg BT 499.93 502.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.31 502.00 Td (three ) Tj ET Q q 0 0 0 rg BT 536.46 502.00 Td (month ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.00 Td (period ) Tj ET Q q 0 0 0 rg BT 78.05 490.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 104.42 490.00 Td (September ) Tj ET Q q 0 0 0 rg BT 149.69 490.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 164.69 490.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 184.69 490.00 Td (, ) Tj ET Q q 0 0 0 rg BT 189.14 490.00 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 212.74 490.00 Td (recognized ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.11 490.00 Td ($5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.11 490.00 Td (,000 ) Tj ET Q q 0 0 0 rg BT 289.11 490.00 Td (as ) Tj ET Q q 0 0 0 rg BT 299.94 490.00 Td (income.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 473.00 Td (There ) Tj ET Q q 0 0 0 rg BT 75.71 473.00 Td (are ) Tj ET Q q 0 0 0 rg BT 90.31 473.00 Td (two ) Tj ET Q q 0 0 0 rg BT 107.70 473.00 Td (properties ) Tj ET Q q 0 0 0 rg BT 150.08 473.00 Td (located ) Tj ET Q q 0 0 0 rg BT 181.34 473.00 Td (in ) Tj ET Q q 0 0 0 rg BT 190.99 473.00 Td (Alabama ) Tj ET Q q 0 0 0 rg BT 229.47 473.00 Td (which ) Tj ET Q q 0 0 0 rg BT 256.30 473.00 Td (are ) Tj ET Q q 0 0 0 rg BT 270.90 473.00 Td (still ) Tj ET Q q 0 0 0 rg BT 288.30 473.00 Td (for ) Tj ET Q q 0 0 0 rg BT 302.35 473.00 Td (sale. ) Tj ET Q q 0 0 0 rg BT 322.79 473.00 Td ( ) Tj ET Q q 0 0 0 rg BT 325.01 473.00 Td (These ) Tj ET Q q 0 0 0 rg BT 351.28 473.00 Td (properties ) Tj ET Q q 0 0 0 rg BT 393.66 473.00 Td (are ) Tj ET Q q 0 0 0 rg BT 408.26 473.00 Td (listed ) Tj ET Q q 0 0 0 rg BT 432.32 473.00 Td (for ) Tj ET Q q 0 0 0 rg BT 446.37 473.00 Td (sale ) Tj ET Q q 0 0 0 rg BT 464.31 473.00 Td (for ) Tj ET Q q 0 0 0 rg BT 478.36 473.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 514.64 473.00 Td (greater ) Tj ET Q q 0 0 0 rg BT 544.79 473.00 Td (than ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 461.00 Td (carried ) Tj ET Q q 0 0 0 rg BT 79.33 461.00 Td (values. ) Tj ET Q q 0 0 0 rg BT 108.95 461.00 Td (Both ) Tj ET Q q 0 0 0 rg BT 129.97 461.00 Td (were ) Tj ET Q q 0 0 0 rg BT 150.98 461.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 175.88 461.00 Td (of ) Tj ET Q q 0 0 0 rg BT 185.79 461.00 Td (Southern ) Tj ET Q q 0 0 0 rg BT 223.47 461.00 Td (United ) Tj ET Q q 0 0 0 rg BT 252.26 461.00 Td (Fire ) Tj ET Q q 0 0 0 rg BT 269.94 461.00 Td (Insurance ) Tj ET Q q 0 0 0 rg BT 310.39 461.00 Td (Company) Tj ET Q q 0 0 0 rg BT 348.62 461.00 Td (, ) Tj ET Q q 0 0 0 rg BT 352.70 461.00 Td (which ) Tj ET Q q 0 0 0 rg BT 378.71 461.00 Td (was ) Tj ET Q q 0 0 0 rg BT 395.84 461.00 Td (mer) Tj ET Q q 0 0 0 rg BT 411.20 461.00 Td (ged ) Tj ET Q q 0 0 0 rg BT 427.22 461.00 Td (into ) Tj ET Q q 0 0 0 rg BT 444.00 461.00 Td (American ) Tj ET Q q 0 0 0 rg BT 485.00 461.00 Td (Service ) Tj ET Q q 0 0 0 rg BT 516.56 461.00 Td (in ) Tj ET Q q 0 0 0 rg BT 525.91 461.00 Td (February ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 449.00 Td (2010.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 432.00 Td (Claims ) Tj ET Q q 0 0 0 rg BT 82.50 432.00 Td (Liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 415.00 Td (The ) Tj ET Q q 0 0 0 rg BT 67.50 415.00 Td (table ) Tj ET Q q 0 0 0 rg BT 88.89 415.00 Td (below ) Tj ET Q q 0 0 0 rg BT 115.28 415.00 Td (shows ) Tj ET Q q 0 0 0 rg BT 142.24 415.00 Td (the ) Tj ET Q q 0 0 0 rg BT 156.41 415.00 Td (amounts ) Tj ET Q q 0 0 0 rg BT 192.25 415.00 Td (of ) Tj ET Q q 0 0 0 rg BT 202.54 415.00 Td (total ) Tj ET Q q 0 0 0 rg BT 222.27 415.00 Td (case ) Tj ET Q q 0 0 0 rg BT 241.43 415.00 Td (reserves ) Tj ET Q q 0 0 0 rg BT 276.14 415.00 Td (and ) Tj ET Q q 0 0 0 rg BT 292.54 415.00 Td (incurred ) Tj ET Q q 0 0 0 rg BT 327.81 415.00 Td (but ) Tj ET Q q 0 0 0 rg BT 342.54 415.00 Td (not ) Tj ET Q q 0 0 0 rg BT 357.27 415.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 392.54 415.00 Td (\(IBNR\) ) Tj ET Q q 0 0 0 rg BT 433.92 415.00 Td (claims ) Tj ET Q q 0 0 0 rg BT 461.98 415.00 Td (provision ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.72 415.00 Td (as ) Tj ET Q q 0 0 0 rg BT 512.00 415.00 Td (of ) Tj ET Q q 0 0 0 rg BT 522.29 415.00 Td (the ) Tj ET Q q 0 0 0 rg BT 536.46 415.00 Td (period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 403.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 76.33 403.00 Td (September ) Tj ET Q q 0 0 0 rg BT 121.56 403.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 136.51 403.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.51 403.00 Td ( ) Tj ET Q q 0 0 0 rg BT 158.97 403.00 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.87 403.00 Td (as ) Tj ET Q q 0 0 0 rg BT 186.65 403.00 Td (of ) Tj ET Q q 0 0 0 rg BT 197.44 403.00 Td (the ) Tj ET Q q 0 0 0 rg BT 212.12 403.00 Td (year ) Tj ET Q q 0 0 0 rg BT 231.78 403.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 258.12 403.00 Td (December ) Tj ET Q q 0 0 0 rg BT 301.66 403.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 316.61 403.00 Td (201) Tj ET Q q 0 0 0 rg BT 331.24 403.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.24 403.00 Td (. ) Tj ET Q q 0 0 0 rg BT 341.02 403.00 Td (The ) Tj ET Q q 0 0 0 rg BT 359.03 403.00 Td (provision ) Tj ET Q q 0 0 0 rg BT 399.26 403.00 Td (for ) Tj ET Q q 0 0 0 rg BT 413.38 403.00 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 443.06 403.00 Td (claims ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.62 403.00 Td (decreased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.03 403.00 Td ( ) Tj ET Q q 0 0 0 rg BT 513.49 403.00 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.95 403.00 Td (19.7%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 551.78 403.00 Td ( ) Tj ET Q q 0 0 0 rg BT 554.23 403.00 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 391.00 Td ($73.6 ) Tj ET Q q 0 0 0 rg BT 75.35 391.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.25 391.00 Td ( ) Tj ET Q q 0 0 0 rg BT 107.10 391.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 109.95 391.00 Td (as ) Tj ET Q q 0 0 0 rg BT 121.14 391.00 Td (of ) Tj ET Q q 0 0 0 rg BT 132.32 391.00 Td (the ) Tj ET Q q 0 0 0 rg BT 147.39 391.00 Td (period ) Tj ET Q q 0 0 0 rg BT 175.79 391.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 202.52 391.00 Td (September ) Tj ET Q q 0 0 0 rg BT 248.14 391.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 263.50 391.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.50 391.00 Td ( ) Tj ET Q q 0 0 0 rg BT 286.35 391.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 328.63 391.00 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.26 391.00 Td ($91.6 ) Tj ET Q q 0 0 0 rg BT 364.61 391.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.51 391.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.36 391.00 Td (as ) Tj ET Q q 0 0 0 rg BT 407.54 391.00 Td (of ) Tj ET Q q 0 0 0 rg BT 418.73 391.00 Td (the ) Tj ET Q q 0 0 0 rg BT 433.80 391.00 Td (year ) Tj ET Q q 0 0 0 rg BT 453.86 391.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 480.59 391.00 Td (December ) Tj ET Q q 0 0 0 rg BT 524.53 391.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 539.88 391.00 Td (201) Tj ET Q q 0 0 0 rg BT 554.51 391.00 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 559.51 391.00 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 379.00 Td (During ) Tj ET Q q 0 0 0 rg BT 81.16 379.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.21 379.00 Td (three ) Tj ET Q q 0 0 0 rg BT 119.03 379.00 Td (month ) Tj ET Q q 0 0 0 rg BT 147.42 379.00 Td (period ) Tj ET Q q 0 0 0 rg BT 175.80 379.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 202.50 379.00 Td (September ) Tj ET Q q 0 0 0 rg BT 248.10 379.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 263.43 379.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.43 379.00 Td (, ) Tj ET Q q 0 0 0 rg BT 288.76 379.00 Td (case ) Tj ET Q q 0 0 0 rg BT 308.80 379.00 Td (reserves ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.39 379.00 Td (decreased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.81 379.00 Td ( ) Tj ET Q q 0 0 0 rg BT 386.64 379.00 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.47 379.00 Td (1) Tj ET Q q 0 0 0 rg BT 404.10 379.00 Td (1.2%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.93 379.00 Td ( ) Tj ET Q q 0 0 0 rg BT 427.76 379.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 470.02 379.00 Td (to ) Tj ET Q q 0 0 0 rg BT 480.63 379.00 Td (December ) Tj ET Q q 0 0 0 rg BT 524.55 379.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 539.88 379.00 Td (201) Tj ET Q q 0 0 0 rg BT 554.51 379.00 Td (1, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 367.00 Td (while ) Tj ET Q q 0 0 0 rg BT 74.51 367.00 Td (IBNR ) Tj ET Q q 0 0 0 rg BT 100.69 367.00 Td (reserves ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 135.74 367.00 Td (decreased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.16 367.00 Td ( ) Tj ET Q q 0 0 0 rg BT 177.45 367.00 Td (by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.74 367.00 Td (39.6%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 215.57 367.00 Td ( ) Tj ET Q q 0 0 0 rg BT 217.86 367.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 257.35 367.00 Td (due ) Tj ET Q q 0 0 0 rg BT 274.08 367.00 Td (to ) Tj ET Q q 0 0 0 rg BT 284.15 367.00 Td (the ) Tj ET Q q 0 0 0 rg BT 298.66 367.00 Td (reporting ) Tj ET Q q 0 0 0 rg BT 337.61 367.00 Td (of ) Tj ET Q q 0 0 0 rg BT 348.23 367.00 Td (claims ) Tj ET Q q 0 0 0 rg BT 376.63 367.00 Td (related ) Tj ET Q q 0 0 0 rg BT 406.12 367.00 Td (to ) Tj ET Q q 0 0 0 rg BT 416.19 367.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 437.92 367.00 Td (accident ) Tj ET Q q 0 0 0 rg BT 473.52 367.00 Td (years ) Tj ET Q q 0 0 0 rg BT 496.91 367.00 Td (and ) Tj ET Q q 0 0 0 rg BT 513.64 367.00 Td (case ) Tj ET Q q 0 0 0 rg BT 533.14 367.00 Td (reserve ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 355.00 Td (changes, ) Tj ET Q q 0 0 0 rg BT 87.21 355.00 Td (which ) Tj ET Q q 0 0 0 rg BT 114.15 355.00 Td (are ) Tj ET Q q 0 0 0 rg BT 128.85 355.00 Td (consistent ) Tj ET Q q 0 0 0 rg BT 171.35 355.00 Td (with ) Tj ET Q q 0 0 0 rg BT 191.63 355.00 Td (management) Tj ET Q q 0 0 0 rg BT 245.49 355.00 Td (s ) Tj ET Q q 0 0 0 rg BT 251.88 355.00 Td (expectations. ) Tj ET Q q 0 0 0 rg BT 306.87 355.00 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.00 330.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 61.37 330.25 Td (ovision for) Tj ET Q q 0 0 0 rg BT 106.46 330.25 Td ( unpaid claims by type - gr) Tj ET Q q 0 0 0 rg BT 220.18 330.25 Td (oss) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 306.50 334.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 306.50 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 306.50 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 306.50 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 51.50 282.50 334.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 282.50 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 282.50 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 282.50 45.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 324.5 m 450.5 324.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 306.5 m 450.5 306.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 324.5 m 515.5 324.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 306.5 m 515.5 306.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 324.5 m 560.5 324.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 306.5 m 560.5 306.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 306.5 m 450.5 306.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 306.5 m 515.5 306.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 282.5 m 450.5 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 282.5 m 515.5 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 282.5 m 560.5 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 270.5 m 450.5 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 270.5 m 515.5 270.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 270.5 m 560.5 270.5 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 54.00 311.18 Td (As at:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.10 316.58 Td (September 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 409.50 308.63 Td (2012) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 459.25 316.58 Td (December 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 474.70 308.63 Td (2011) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 525.05 316.58 Td (YTD%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 524.35 308.63 Td (Change) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 297.12 Td (Case reserves) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.00 297.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 297.12 Td (57,050) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.00 297.12 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.15 297.12 Td (64,276) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.45 297.12 Td (\(11.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.30 297.12 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 285.12 Td (IBNR) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.15 285.12 Td (16,524) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 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ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.15 83.12 Td (83,817) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.45 83.12 Td (\(20.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.30 83.12 Td (\)%) Tj ET Q BT /F2 10.00 Tf ET BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 75 0 obj <>] /Rotate 0 /Contents 76 0 R>> endobj 76 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (37) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Claims ) Tj ET Q q 0 0 0 rg BT 82.30 742.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 123.50 742.25 Td (- ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.13 742.25 Td (The ) Tj ET Q q 0 0 0 rg BT 146.98 742.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 181.49 742.25 Td (in ) Tj ET Q q 0 0 0 rg BT 191.57 742.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.09 742.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 246.17 742.25 Td (for ) Tj ET Q q 0 0 0 rg BT 260.13 742.25 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 289.65 742.25 Td (claims, ) Tj ET Q q 0 0 0 rg BT 320.55 742.25 Td (net ) Tj ET Q q 0 0 0 rg BT 335.07 742.25 Td (of ) Tj ET Q q 0 0 0 rg BT 345.71 742.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 381.89 742.25 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 430.83 742.25 Td (from ) Tj ET Q q 0 0 0 rg BT 452.57 742.25 Td (reinsurers, ) Tj ET Q q 0 0 0 rg BT 496.80 742.25 Td (for ) Tj ET Q q 0 0 0 rg BT 510.76 742.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.28 742.25 Td (three ) Tj ET Q q 0 0 0 rg BT 547.57 742.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 69.72 730.25 Td (month ) Tj ET Q q 0 0 0 rg BT 97.77 730.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 129.71 730.25 Td (ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.59 730.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.09 730.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 216.35 730.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 236.35 730.25 Td ( ) Tj ET Q q 0 0 0 rg BT 238.85 730.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.79 730.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 316.05 730.25 Td (201) Tj ET Q q 0 0 0 rg BT 330.68 730.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.68 730.25 Td ( ) Tj ET Q q 0 0 0 rg BT 338.18 730.25 Td (were ) Tj ET Q q 0 0 0 rg BT 360.11 730.25 Td (as ) Tj ET Q q 0 0 0 rg BT 370.94 730.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 673.75 205.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 673.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 673.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 673.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 673.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 673.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 673.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 649.75 205.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 649.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 649.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 649.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 649.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 649.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 649.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 625.75 205.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 625.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 625.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 625.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 625.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 625.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 625.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 601.75 205.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 601.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 601.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 601.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 601.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 601.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 601.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 577.75 205.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 577.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 577.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 577.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 577.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 577.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 577.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 553.75 205.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 553.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 553.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 553.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 553.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 553.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 553.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 536.75 205.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 536.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 536.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 536.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 536.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 536.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 536.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 512.75 205.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 512.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 512.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 512.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 512.75 72.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 512.75 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 512.75 72.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 673.75 m 332.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 673.75 m 404.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 673.75 m 481.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 673.75 m 327.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 673.75 m 332.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 673.75 m 404.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 673.75 m 476.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 673.75 m 481.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 673.75 m 553.5 673.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 649.75 m 327.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 649.75 m 332.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 649.75 m 404.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 649.75 m 476.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 649.75 m 481.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 649.75 m 553.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 649.75 m 327.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 649.75 m 332.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 649.75 m 404.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 649.75 m 476.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 649.75 m 481.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 649.75 m 553.5 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 601.75 m 327.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 601.75 m 332.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 601.75 m 404.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 601.75 m 476.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 601.75 m 481.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 601.75 m 553.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 601.75 m 327.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 601.75 m 332.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 601.75 m 404.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 601.75 m 476.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 601.75 m 481.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 601.75 m 553.5 601.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 553.75 m 327.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 553.75 m 332.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 553.75 m 404.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 553.75 m 476.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 553.75 m 481.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 553.75 m 553.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 553.75 m 327.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 553.75 m 332.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 553.75 m 404.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 553.75 m 476.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 553.75 m 481.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 553.75 m 553.5 553.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 512.75 m 327.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 512.75 m 332.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 512.75 m 404.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 512.75 m 476.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 512.75 m 481.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 512.75 m 553.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 512.75 m 327.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 501.75 m 327.5 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 499.75 m 327.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 512.75 m 332.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 501.75 m 332.5 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 499.75 m 332.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 512.75 m 404.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 501.75 m 404.5 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 499.75 m 404.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 512.75 m 476.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 501.75 m 476.5 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 499.75 m 476.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 512.75 m 481.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 501.75 m 481.5 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 499.75 m 481.5 499.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 512.75 m 553.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 501.75 m 553.5 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 499.75 m 553.5 499.75 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 268.60 704.43 Td (Three Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 420.25 704.43 Td (Nine Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 260.50 688.43 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 281.00 678.43 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 337.50 688.43 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 358.25 678.43 Td (2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 409.50 688.43 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 430.00 678.43 Td (2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 486.50 688.43 Td (September 30,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 507.25 678.43 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 664.37 Td (Unpaid claims, beginning of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.00 664.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.15 664.37 Td (77,350) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.00 664.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.15 664.37 Td (112,011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.00 664.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 664.37 Td (91,643) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.00 664.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.15 664.37 Td (132,579) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 652.37 Td (Less: reinsurance recoverable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.15 652.37 Td (8,153) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 652.37 Td (1,968) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 652.37 Td (7,825) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.15 652.37 Td (6,477) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 640.37 Td (Net beginning unpaid claims reserves) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.15 640.37 Td (69,197) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.15 640.37 Td (104,043) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 640.37 Td (83,818) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.15 640.37 Td (126,102) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 628.37 Td (Incurred related to:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 616.37 Td (Current year) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.15 616.37 Td (6,976) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 616.37 Td (6,962) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 616.37 Td (18,141) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 616.37 Td (20,600) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 604.37 Td (Prior years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.65 604.37 Td (190) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.65 604.37 Td (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.65 604.37 Td (337) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 541.30 604.37 Td (\(4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 549.65 604.37 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.15 592.37 Td (7,166) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 592.37 Td (6,979) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 592.37 Td (18,478) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 592.37 Td (20,596) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 580.37 Td (Paid related to:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 568.37 Td (Current year) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.15 568.37 Td (2,302) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 568.37 Td (4,279) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 568.37 Td (6,224) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.15 568.37 Td (8,455) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 556.37 Td (Prior years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.15 556.37 Td (7,082) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.15 556.37 Td (14,660) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 556.37 Td (29,093) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 556.37 Td (46,160) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.15 544.37 Td (9,384) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.15 544.37 Td (18,939) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 544.37 Td (35,317) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 544.37 Td (54,615) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 527.37 Td (Net unpaid claims, end of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.00 527.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.15 527.37 Td (66,979) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.00 527.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.15 527.37 Td (92,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.00 527.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 527.37 Td (66,979) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.00 527.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.15 527.37 Td (92,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 515.37 Td (Add: reinsurance recoverable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.15 515.37 Td (6,595) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 378.15 515.37 Td (9,374) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.15 515.37 Td (6,595) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.15 515.37 Td (9,374) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 503.37 Td (Unpaid claims, end of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.00 503.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.15 503.37 Td (73,574) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.00 503.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.15 503.37 Td (101,457) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.00 503.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.15 503.37 Td (73,574) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.00 503.37 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.15 503.37 Td (101,457) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.18 484.25 Td (process ) Tj ET Q q 0 0 0 rg BT 100.81 484.25 Td (of ) Tj ET Q q 0 0 0 rg BT 111.77 484.25 Td (establishing ) Tj ET Q q 0 0 0 rg BT 162.18 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.03 484.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 217.98 484.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 258.40 484.25 Td (for ) Tj ET Q q 0 0 0 rg BT 272.69 484.25 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 302.54 484.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 331.28 484.25 Td (is ) Tj ET Q q 0 0 0 rg BT 340.58 484.25 Td (complex ) Tj ET Q q 0 0 0 rg BT 377.65 484.25 Td (and ) Tj ET Q q 0 0 0 rg BT 394.72 484.25 Td (imprecise ) Tj ET Q q 0 0 0 rg BT 436.23 484.25 Td (as ) Tj ET Q q 0 0 0 rg BT 447.19 484.25 Td (it ) Tj ET Q q 0 0 0 rg BT 455.39 484.25 Td (relies ) Tj ET Q q 0 0 0 rg BT 479.68 484.25 Td (on ) Tj ET Q q 0 0 0 rg BT 492.31 484.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.16 484.25 Td (judgment ) Tj ET Q q 0 0 0 rg BT 547.57 484.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (opinions ) Tj ET Q q 0 0 0 rg BT 86.62 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 97.11 472.25 Td (a ) Tj ET Q q 0 0 0 rg BT 103.72 472.25 Td (lar) Tj ET Q q 0 0 0 rg BT 114.08 472.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 125.69 472.25 Td (number ) Tj ET Q q 0 0 0 rg BT 158.40 472.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.90 472.25 Td (individuals, ) Tj ET Q q 0 0 0 rg BT 218.01 472.25 Td (on ) Tj ET Q q 0 0 0 rg BT 230.18 472.25 Td (historical ) Tj ET Q q 0 0 0 rg BT 269.56 472.25 Td (precedent ) Tj ET Q q 0 0 0 rg BT 310.59 472.25 Td (and ) Tj ET Q q 0 0 0 rg BT 327.19 472.25 Td (trends, ) Tj ET Q q 0 0 0 rg BT 356.30 472.25 Td (on ) Tj ET Q q 0 0 0 rg BT 368.46 472.25 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 411.17 472.25 Td (legal, ) Tj ET Q q 0 0 0 rg BT 435.27 472.25 Td (economic, ) Tj ET Q q 0 0 0 rg BT 478.81 472.25 Td (social ) Tj ET Q q 0 0 0 rg BT 504.30 472.25 Td (and ) Tj ET Q q 0 0 0 rg BT 520.91 472.25 Td (regulatory ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (trends ) Tj ET Q q 0 0 0 rg BT 76.59 460.25 Td (and ) Tj ET Q q 0 0 0 rg BT 93.17 460.25 Td (on ) Tj ET Q q 0 0 0 rg BT 105.32 460.25 Td (expectations ) Tj ET Q q 0 0 0 rg BT 157.45 460.25 Td (as ) Tj ET Q q 0 0 0 rg BT 167.93 460.25 Td (to ) Tj ET Q q 0 0 0 rg BT 177.86 460.25 Td (future ) Tj ET Q q 0 0 0 rg BT 203.88 460.25 Td (developments. ) Tj ET Q q 0 0 0 rg BT 263.92 460.25 Td (The ) Tj ET Q q 0 0 0 rg BT 281.61 460.25 Td (process ) Tj ET Q q 0 0 0 rg BT 313.75 460.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.23 460.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 374.70 460.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.06 460.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 428.99 460.25 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 475.56 460.25 Td (involves ) Tj ET Q q 0 0 0 rg BT 511.60 460.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 532.64 460.25 Td (that ) Tj ET Q q 0 0 0 rg BT 549.78 460.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 76.37 448.25 Td (results ) Tj ET Q q 0 0 0 rg BT 104.98 448.25 Td (will ) Tj ET Q q 0 0 0 rg BT 123.04 448.25 Td (deviate, ) Tj ET Q q 0 0 0 rg BT 156.91 448.25 Td (perhaps ) Tj ET Q q 0 0 0 rg BT 190.51 448.25 Td (substantially) Tj ET Q q 0 0 0 rg BT 240.41 448.25 Td (, ) Tj ET Q q 0 0 0 rg BT 245.41 448.25 Td (from ) Tj ET Q q 0 0 0 rg BT 267.35 448.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.07 448.25 Td (best ) Tj ET Q q 0 0 0 rg BT 300.67 448.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 340.39 448.25 Td (made.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 431.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.40 431.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 107.01 431.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.19 431.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.26 431.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 170.88 431.25 Td (for ) Tj ET Q q 0 0 0 rg BT 184.39 431.25 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 213.46 431.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 241.41 431.25 Td (is ) Tj ET Q q 0 0 0 rg BT 249.93 431.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 291.78 431.25 Td (with ) Tj ET Q q 0 0 0 rg BT 311.41 431.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.47 431.25 Td (change ) Tj ET Q q 0 0 0 rg BT 355.64 431.25 Td (in ) Tj ET Q q 0 0 0 rg BT 365.26 431.25 Td (written ) Tj ET Q q 0 0 0 rg BT 395.44 431.25 Td (premium ) Tj ET Q q 0 0 0 rg BT 433.39 431.25 Td (in ) Tj ET Q q 0 0 0 rg BT 443.02 431.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 464.31 431.25 Td (years. ) Tj ET Q q 0 0 0 rg BT 489.76 431.25 Td (However) Tj ET Q q 0 0 0 rg BT 526.01 431.25 Td (, ) Tj ET Q q 0 0 0 rg BT 530.36 431.25 Td (because ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 419.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.49 419.25 Td (establishment ) Tj ET Q q 0 0 0 rg BT 123.75 419.25 Td (of ) Tj ET Q q 0 0 0 rg BT 135.35 419.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 171.38 419.25 Td (is ) Tj ET Q q 0 0 0 rg BT 181.32 419.25 Td (an ) Tj ET Q q 0 0 0 rg BT 194.03 419.25 Td (inherently ) Tj ET Q q 0 0 0 rg BT 237.84 419.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 278.31 419.25 Td (process ) Tj ET Q q 0 0 0 rg BT 311.57 419.25 Td (involving ) Tj ET Q q 0 0 0 rg BT 353.18 419.25 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 396.16 419.25 Td (current ) Tj ET Q q 0 0 0 rg BT 427.75 419.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 472.69 419.25 Td (may ) Tj ET Q q 0 0 0 rg BT 493.17 419.25 Td (not ) Tj ET Q q 0 0 0 rg BT 509.22 419.25 Td (be ) Tj ET Q q 0 0 0 rg BT 521.93 419.25 Td (suf) Tj ET Q q 0 0 0 rg BT 533.97 419.25 Td (ficient. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 407.25 Td (Adjustments ) Tj ET Q q 0 0 0 rg BT 103.06 407.25 Td (to ) Tj ET Q q 0 0 0 rg BT 113.33 407.25 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 151.09 407.25 Td (both ) Tj ET Q q 0 0 0 rg BT 171.37 407.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 205.54 407.25 Td (and ) Tj ET Q q 0 0 0 rg BT 222.48 407.25 Td (negative, ) Tj ET Q q 0 0 0 rg BT 261.35 407.25 Td (are ) Tj ET Q q 0 0 0 rg BT 276.05 407.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 313.53 407.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 352.12 407.25 Td (in ) Tj ET Q q 0 0 0 rg BT 362.40 407.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.11 407.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 417.93 407.25 Td (of ) Tj ET Q q 0 0 0 rg BT 428.76 407.25 Td (income ) Tj ET Q q 0 0 0 rg BT 460.70 407.25 Td (as ) Tj ET Q q 0 0 0 rg BT 471.53 407.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 511.24 407.25 Td (are ) Tj ET Q q 0 0 0 rg BT 525.95 407.25 Td (updated. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 390.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.16 390.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 105.75 390.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 150.57 390.25 Td (are ) Tj ET Q q 0 0 0 rg BT 165.38 390.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 206.31 390.25 Td (on ) Tj ET Q q 0 0 0 rg BT 218.92 390.25 Td (a ) Tj ET Q q 0 0 0 rg BT 225.96 390.25 Td (calendar ) Tj ET Q q 0 0 0 rg BT 262.43 390.25 Td (year ) Tj ET Q q 0 0 0 rg BT 282.25 390.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 304.86 390.25 Td (for ) Tj ET Q q 0 0 0 rg BT 319.13 390.25 Td (all ) Tj ET Q q 0 0 0 rg BT 331.73 390.25 Td (data. ) Tj ET Q q 0 0 0 rg BT 353.50 390.25 Td (Claims ) Tj ET Q q 0 0 0 rg BT 384.44 390.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 425.37 390.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.42 390.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 477.24 390.25 Td (in ) Tj ET Q q 0 0 0 rg BT 487.62 390.25 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 525.49 390.25 Td (however) Tj ET Q q 0 0 0 rg BT 559.52 390.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 378.25 Td (may ) Tj ET Q q 0 0 0 rg BT 69.89 378.25 Td (be ) Tj ET Q q 0 0 0 rg BT 81.99 378.25 Td (made ) Tj ET Q q 0 0 0 rg BT 106.32 378.25 Td (on ) Tj ET Q q 0 0 0 rg BT 118.98 378.25 Td (accidents ) Tj ET Q q 0 0 0 rg BT 158.85 378.25 Td (that ) Tj ET Q q 0 0 0 rg BT 176.52 378.25 Td (occurred ) Tj ET Q q 0 0 0 rg BT 214.16 378.25 Td (in ) Tj ET Q q 0 0 0 rg BT 224.61 378.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 246.72 378.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 272.98 378.25 Td (not ) Tj ET Q q 0 0 0 rg BT 288.43 378.25 Td (on ) Tj ET Q q 0 0 0 rg BT 301.10 378.25 Td (business ) Tj ET Q q 0 0 0 rg BT 337.66 378.25 Td (that ) Tj ET Q q 0 0 0 rg BT 355.32 378.25 Td (is ) Tj ET Q q 0 0 0 rg BT 364.66 378.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 403.42 378.25 Td (insured. ) Tj ET Q q 0 0 0 rg BT 438.03 378.25 Td (Calendar ) Tj ET Q q 0 0 0 rg BT 476.79 378.25 Td (year ) Tj ET Q q 0 0 0 rg BT 496.67 378.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 523.23 378.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 553.67 378.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 366.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 90.59 366.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.30 366.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 138.44 366.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 172.92 366.25 Td (that ) Tj ET Q q 0 0 0 rg BT 190.18 366.25 Td (have ) Tj ET Q q 0 0 0 rg BT 211.33 366.25 Td (been ) Tj ET Q q 0 0 0 rg BT 232.47 366.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 269.72 366.25 Td (in ) Tj ET Q q 0 0 0 rg BT 279.77 366.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.25 366.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 331.50 366.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 375.98 366.25 Td (during ) Tj ET Q q 0 0 0 rg BT 404.36 366.25 Td (the ) Tj ET Q q 0 0 0 rg BT 418.85 366.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 462.21 366.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 501.13 366.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 531.45 366.25 Td (without ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 354.25 Td (regard ) Tj ET Q q 0 0 0 rg BT 78.01 354.25 Td (to ) Tj ET Q q 0 0 0 rg BT 88.26 354.25 Td (the ) Tj ET Q q 0 0 0 rg BT 102.95 354.25 Td (period ) Tj ET Q q 0 0 0 rg BT 130.97 354.25 Td (in ) Tj ET Q q 0 0 0 rg BT 141.22 354.25 Td (which ) Tj ET Q q 0 0 0 rg BT 168.13 354.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.82 354.25 Td (accident ) Tj ET Q q 0 0 0 rg BT 218.61 354.25 Td (occurred. ) Tj ET Q q 0 0 0 rg BT 258.56 354.25 Td (Calendar ) Tj ET Q q 0 0 0 rg BT 297.12 354.25 Td (year ) Tj ET Q q 0 0 0 rg BT 316.80 354.25 Td (results ) Tj ET Q q 0 0 0 rg BT 345.39 354.25 Td (do ) Tj ET Q q 0 0 0 rg BT 357.86 354.25 Td (not ) Tj ET Q q 0 0 0 rg BT 373.11 354.25 Td (change ) Tj ET Q q 0 0 0 rg BT 403.90 354.25 Td (after ) Tj ET Q q 0 0 0 rg BT 424.69 354.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.38 354.25 Td (end ) Tj ET Q q 0 0 0 rg BT 456.29 354.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.09 354.25 Td (the ) Tj ET Q q 0 0 0 rg BT 481.78 354.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 525.34 354.25 Td (reporting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 342.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 80.38 342.25 Td (even ) Tj ET Q q 0 0 0 rg BT 101.59 342.25 Td (as ) Tj ET Q q 0 0 0 rg BT 112.26 342.25 Td (new ) Tj ET Q q 0 0 0 rg BT 131.25 342.25 Td (claim ) Tj ET Q q 0 0 0 rg BT 155.80 342.25 Td (information ) Tj ET Q q 0 0 0 rg BT 205.34 342.25 Td (develops. ) Tj ET Q q 0 0 0 rg BT 245.72 342.25 Td ( ) Tj ET Q q 0 0 0 rg BT 247.54 342.25 Td (Accident ) Tj ET Q q 0 0 0 rg BT 285.97 342.25 Td (year ) Tj ET Q q 0 0 0 rg BT 305.51 342.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 331.74 342.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 361.85 342.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.51 342.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 413.17 342.25 Td (and ) Tj ET Q q 0 0 0 rg BT 429.94 342.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 461.15 342.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 495.69 342.25 Td (that ) Tj ET Q q 0 0 0 rg BT 513.02 342.25 Td (are ) Tj ET Q q 0 0 0 rg BT 527.56 342.25 Td (assigned ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 330.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.16 330.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.76 330.25 Td (period ) Tj ET Q q 0 0 0 rg BT 102.69 330.25 Td (in ) Tj ET Q q 0 0 0 rg BT 112.85 330.25 Td (which ) Tj ET Q q 0 0 0 rg BT 139.67 330.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.27 330.25 Td (accident ) Tj ET Q q 0 0 0 rg BT 189.97 330.25 Td (occurred. ) Tj ET Q q 0 0 0 rg BT 229.30 330.25 Td (Accident ) Tj ET Q q 0 0 0 rg BT 267.77 330.25 Td (year ) Tj ET Q q 0 0 0 rg BT 287.36 330.25 Td (results ) Tj ET Q q 0 0 0 rg BT 315.86 330.25 Td (will ) Tj ET Q q 0 0 0 rg BT 333.80 330.25 Td (change ) Tj ET Q q 0 0 0 rg BT 364.49 330.25 Td (over ) Tj ET Q q 0 0 0 rg BT 384.65 330.25 Td (time ) Tj ET Q q 0 0 0 rg BT 404.80 330.25 Td (as ) Tj ET Q q 0 0 0 rg BT 415.51 330.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.11 330.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 469.71 330.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.42 330.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 506.70 330.25 Td (change ) Tj ET Q q 0 0 0 rg BT 537.39 330.25 Td (due ) Tj ET Q q 0 0 0 rg BT 554.22 330.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 318.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 90.83 318.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.76 318.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 139.13 318.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 173.84 318.25 Td (for ) Tj ET Q q 0 0 0 rg BT 188.00 318.25 Td (all ) Tj ET Q q 0 0 0 rg BT 200.49 318.25 Td (accidents ) Tj ET Q q 0 0 0 rg BT 240.20 318.25 Td (that ) Tj ET Q q 0 0 0 rg BT 257.69 318.25 Td (occurred ) Tj ET Q q 0 0 0 rg BT 295.17 318.25 Td (during ) Tj ET Q q 0 0 0 rg BT 323.77 318.25 Td (that ) Tj ET Q q 0 0 0 rg BT 341.27 318.25 Td (period.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.41 301.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 97.37 301.25 Td (reserving ) Tj ET Q q 0 0 0 rg BT 137.43 301.25 Td (practices ) Tj ET Q q 0 0 0 rg BT 175.82 301.25 Td (are ) Tj ET Q q 0 0 0 rg BT 190.88 301.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 229.29 301.25 Td (to ) Tj ET Q q 0 0 0 rg BT 239.92 301.25 Td (set ) Tj ET Q q 0 0 0 rg BT 253.89 301.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 289.50 301.25 Td (that ) Tj ET Q q 0 0 0 rg BT 307.35 301.25 Td (in ) Tj ET Q q 0 0 0 rg BT 317.99 301.25 Td (the ) Tj ET Q q 0 0 0 rg BT 333.06 301.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 374.78 301.25 Td (are ) Tj ET Q q 0 0 0 rg BT 389.84 301.25 Td (adequate ) Tj ET Q q 0 0 0 rg BT 428.23 301.25 Td (to ) Tj ET Q q 0 0 0 rg BT 438.87 301.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 456.16 301.25 Td (all ) Tj ET Q q 0 0 0 rg BT 469.01 301.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 497.97 301.25 Td (at ) Tj ET Q q 0 0 0 rg BT 508.05 301.25 Td (their ) Tj ET Q q 0 0 0 rg BT 529.23 301.25 Td (ultimate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 289.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 93.32 289.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 119.54 289.25 Td (Thus, ) Tj ET Q q 0 0 0 rg BT 144.27 289.25 Td (our ) Tj ET Q q 0 0 0 rg BT 159.82 289.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 194.80 289.25 Td (are ) Tj ET Q q 0 0 0 rg BT 209.23 289.25 Td (not ) Tj ET Q q 0 0 0 rg BT 224.24 289.25 Td (discounted ) Tj ET Q q 0 0 0 rg BT 269.79 289.25 Td (for ) Tj ET Q q 0 0 0 rg BT 283.67 289.25 Td (inflation ) Tj ET Q q 0 0 0 rg BT 319.78 289.25 Td (or ) Tj ET Q q 0 0 0 rg BT 330.33 289.25 Td (other ) Tj ET Q q 0 0 0 rg BT 353.10 289.25 Td (factors. ) Tj ET Q q 0 0 0 rg BT 384.54 289.25 Td (Also, ) Tj ET Q q 0 0 0 rg BT 408.16 289.25 Td (our ) Tj ET Q q 0 0 0 rg BT 423.71 289.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 458.69 289.25 Td (are ) Tj ET Q q 0 0 0 rg BT 473.13 289.25 Td (the ) Tj ET Q q 0 0 0 rg BT 487.57 289.25 Td (same ) Tj ET Q q 0 0 0 rg BT 510.34 289.25 Td (on ) Tj ET Q q 0 0 0 rg BT 522.56 289.25 Td (both ) Tj ET Q q 0 0 0 rg BT 542.56 289.25 Td (a ) Tj ET Q q 0 0 0 rg BT 549.23 289.25 Td (US ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 277.25 Td (GAAP) Tj ET Q q 0 0 0 rg BT 76.86 277.25 Td ( ) Tj ET Q q 0 0 0 rg BT 79.36 277.25 Td (and ) Tj ET Q q 0 0 0 rg BT 96.29 277.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 133.79 277.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 156.29 277.25 Td (of ) Tj ET Q q 0 0 0 rg BT 167.12 277.25 Td (accounting.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 260.25 Td (Due ) Tj ET Q q 0 0 0 rg BT 69.72 260.25 Td (to ) Tj ET Q q 0 0 0 rg BT 80.55 260.25 Td (Reinsur) Tj ET Q q 0 0 0 rg BT 114.26 260.25 Td (ers) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 243.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 243.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 104.96 243.25 Td (in ) Tj ET Q q 0 0 0 rg BT 115.24 243.25 Td (due ) Tj ET Q q 0 0 0 rg BT 132.18 243.25 Td (to ) Tj ET Q q 0 0 0 rg BT 142.46 243.25 Td (reinsurers ) Tj ET Q q 0 0 0 rg BT 184.38 243.25 Td (is ) Tj ET Q q 0 0 0 rg BT 193.55 243.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 236.05 243.25 Td (with ) Tj ET Q q 0 0 0 rg BT 256.33 243.25 Td (the ) Tj ET Q q 0 0 0 rg BT 271.04 243.25 Td (payout ) Tj ET Q q 0 0 0 rg BT 300.76 243.25 Td (patterns ) Tj ET Q q 0 0 0 rg BT 334.92 243.25 Td (of ) Tj ET Q q 0 0 0 rg BT 345.75 243.25 Td (the ) Tj ET Q q 0 0 0 rg BT 360.46 243.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 406.29 243.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 434.89 243.25 Td (liabilities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (Off-balance ) Tj ET Q q 0 0 0 rg BT 103.05 226.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 127.21 226.25 Td (arrangements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 209.25 Td (As ) Tj ET Q q 0 0 0 rg BT 62.69 209.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.59 209.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 131.93 209.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.93 209.25 Td (, ) Tj ET Q q 0 0 0 rg BT 155.66 209.25 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 178.34 209.25 Td (has ) Tj ET Q q 0 0 0 rg BT 193.25 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.04 209.25 Td (following ) Tj ET Q q 0 0 0 rg BT 247.50 209.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 266.84 209.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 312.86 209.25 Td (related ) Tj ET Q q 0 0 0 rg BT 341.64 209.25 Td (to ) Tj ET Q q 0 0 0 rg BT 350.99 209.25 Td (its ) Tj ET Q q 0 0 0 rg BT 362.01 209.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 401.35 209.25 Td (leases. ) Tj ET Q q 0 0 0 rg BT 429.19 209.25 Td (The ) Tj ET Q q 0 0 0 rg BT 446.31 209.25 Td (remainder ) Tj ET Q q 0 0 0 rg BT 488.42 209.25 Td (of ) Tj ET Q q 0 0 0 rg BT 498.32 209.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 519.90 209.25 Td (is ) Tj ET Q q 0 0 0 rg BT 528.14 209.25 Td (negative ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 197.25 Td (due ) Tj ET Q q 0 0 0 rg BT 66.94 197.25 Td (to ) Tj ET Q q 0 0 0 rg BT 77.22 197.25 Td (rent ) Tj ET Q q 0 0 0 rg BT 95.26 197.25 Td (abatement ) Tj ET Q q 0 0 0 rg BT 138.85 197.25 Td (received ) Tj ET Q q 0 0 0 rg BT 175.21 197.25 Td (in ) Tj ET Q q 0 0 0 rg BT 185.49 197.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.21 197.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 222.70 197.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.53 197.25 Td (our ) Tj ET Q q 0 0 0 rg BT 249.36 197.25 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 302.94 197.25 Td (building.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 172.50 Td (Operating Lease Commitments \(in '000s\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 143.75 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 122.50 143.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 195.50 143.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 143.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 143.75 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 143.75 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 143.75 74.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 166.75 m 122.5 166.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 143.75 m 122.5 143.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 122.5 166.75 m 195.5 166.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 122.5 143.75 m 195.5 143.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 195.5 166.75 m 268.5 166.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 195.5 143.75 m 268.5 143.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 166.75 m 341.5 166.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 143.75 m 341.5 143.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 166.75 m 414.5 166.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 143.75 m 414.5 143.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 166.75 m 488.5 166.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 143.75 m 488.5 143.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 166.75 m 562.5 166.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 143.75 m 562.5 143.75 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 77.05 148.20 Td (Year) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 149.50 148.20 Td (2012) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 222.50 148.20 Td (2013) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 295.50 148.20 Td (2014) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 368.50 148.20 Td (2015) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 418.45 148.20 Td (2016 and beyond) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 515.15 148.20 Td (Total) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 70.20 133.20 Td (Amount) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 150.15 133.42 Td ($\(6\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.50 133.42 Td ($776) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.50 133.42 Td ($683) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.50 133.42 Td ($693) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.00 133.42 Td ($995) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.25 133.42 Td ($3,141) Tj ET Q BT /F2 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 95.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 70.38 95.25 Td (eholders) Tj ET Q q 0 0 0 rg BT 109.08 95.25 Td ( ) Tj ET Q q 0 0 0 rg BT 111.58 95.25 Td (Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 78.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.15 78.25 Td (table ) Tj ET Q q 0 0 0 rg BT 88.20 78.25 Td (below ) Tj ET Q q 0 0 0 rg BT 114.24 78.25 Td (identifies ) Tj ET Q q 0 0 0 rg BT 153.06 78.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 186.88 78.25 Td (in ) Tj ET Q q 0 0 0 rg BT 196.26 78.25 Td (shareholders) Tj ET Q q 0 0 0 rg BT 249.39 78.25 Td ( ) Tj ET Q q 0 0 0 rg BT 251.00 78.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 277.60 78.25 Td (for ) Tj ET Q q 0 0 0 rg BT 290.87 78.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.69 78.25 Td (nine ) Tj ET Q q 0 0 0 rg BT 323.52 78.25 Td (month ) Tj ET Q q 0 0 0 rg BT 350.68 78.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 381.73 78.25 Td (ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.60 78.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.21 78.25 Td (September30, ) Tj ET Q q 0 0 0 rg BT 466.58 78.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.58 78.25 Td ( ) Tj ET Q q 0 0 0 rg BT 488.19 78.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.24 78.25 Td (September30, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 66.25 Td (201) Tj ET Q q 0 0 0 rg BT 64.63 66.25 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.63 66.25 Td (:) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 77 0 obj <>] /Rotate 0 /Contents 78 0 R>> endobj 78 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (38) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 739.25 Td (Changes in Shar) Tj ET Q q 0 0 0 rg BT 120.40 739.25 Td (eholders' Equity \(in '000s\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 669.50 100.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 150.50 669.50 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.50 669.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 669.50 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 669.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 669.50 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 669.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 669.50 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 669.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 669.50 53.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 669.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 669.50 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 669.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 669.50 48.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 634.50 100.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 150.50 634.50 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.50 634.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 634.50 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 634.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 634.50 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 634.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 634.50 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 634.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 634.50 53.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 634.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 634.50 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 634.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 634.50 48.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 610.50 100.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 150.50 610.50 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.50 610.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 610.50 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 610.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 610.50 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 610.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 610.50 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 610.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 610.50 53.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 610.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 610.50 67.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 610.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 610.50 48.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 569.50 100.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 150.50 569.50 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.50 569.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 569.50 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 569.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 569.50 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 569.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 569.50 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 569.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 569.50 53.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 569.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 569.50 67.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 569.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 569.50 48.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 527.50 100.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 150.50 527.50 55.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.50 527.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 527.50 55.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 527.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 527.50 55.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 527.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 527.50 55.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 527.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 527.50 53.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 527.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 527.50 67.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 527.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 527.50 48.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 497.50 100.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 150.50 497.50 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 205.50 497.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 209.50 497.50 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 264.50 497.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 497.50 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 323.50 497.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 327.50 497.50 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 497.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 497.50 53.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 497.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 497.50 67.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.50 497.50 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 514.50 497.50 48.00 -12.00 re f /GS0 gs 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 150.5 733.5 m 205.5 733.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 150.5 690.5 m 205.5 690.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 733.5 m 209.5 733.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 690.5 m 209.5 690.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 733.5 m 264.5 733.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 690.5 m 264.5 690.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 733.5 m 268.5 733.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 690.5 m 268.5 690.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 733.5 m 323.5 733.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 690.5 m 323.5 690.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 733.5 m 327.5 733.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 690.5 m 327.5 690.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 733.5 m 382.5 733.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 690.5 m 382.5 690.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 733.5 m 386.5 733.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 690.5 m 386.5 690.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 733.5 m 439.5 733.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 690.5 m 439.5 690.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 733.5 m 443.5 733.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 690.5 m 443.5 690.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 733.5 m 510.5 733.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 690.5 m 510.5 690.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 733.5 m 514.5 733.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 690.5 m 514.5 690.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 733.5 m 562.5 733.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 690.5 m 562.5 690.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 690.5 m 150.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 669.5 m 150.5 669.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 150.5 690.5 m 205.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 150.5 669.5 m 205.5 669.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 690.5 m 209.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 669.5 m 209.5 669.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 690.5 m 264.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 669.5 m 264.5 669.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 690.5 m 268.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 669.5 m 268.5 669.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 690.5 m 323.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 669.5 m 323.5 669.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 690.5 m 327.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 669.5 m 327.5 669.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 690.5 m 382.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 669.5 m 382.5 669.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 690.5 m 386.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 669.5 m 386.5 669.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 690.5 m 439.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 669.5 m 439.5 669.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 690.5 m 443.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 669.5 m 443.5 669.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 690.5 m 510.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 669.5 m 510.5 669.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 690.5 m 514.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 669.5 m 514.5 669.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 690.5 m 562.5 690.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 669.5 m 562.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 150.5 669.5 m 205.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 669.5 m 209.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 669.5 m 264.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 669.5 m 268.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 669.5 m 323.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 669.5 m 327.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 669.5 m 382.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 669.5 m 386.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 669.5 m 439.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 669.5 m 443.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 669.5 m 510.5 669.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 669.5 m 562.5 669.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 150.5 610.5 m 205.5 610.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 610.5 m 209.5 610.5 l 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0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 610.5 m 514.5 610.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 589.5 m 514.5 589.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 610.5 m 562.5 610.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 589.5 m 562.5 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 589.5 m 150.5 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 150.5 589.5 m 205.5 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 589.5 m 209.5 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 589.5 m 264.5 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 589.5 m 268.5 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 589.5 m 323.5 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 589.5 m 327.5 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 589.5 m 382.5 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 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485.5 m 268.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 485.5 m 323.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 485.5 m 327.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 485.5 m 382.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 485.5 m 386.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 485.5 m 439.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 485.5 m 443.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 485.5 m 510.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 485.5 m 150.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 465.5 m 150.5 465.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 150.5 485.5 m 205.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 150.5 465.5 m 205.5 465.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 485.5 m 209.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205.5 465.5 m 209.5 465.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 485.5 m 264.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 209.5 465.5 m 264.5 465.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 485.5 m 268.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 264.5 465.5 m 268.5 465.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 485.5 m 323.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 465.5 m 323.5 465.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 485.5 m 327.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323.5 465.5 m 327.5 465.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 485.5 m 382.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327.5 465.5 m 382.5 465.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 485.5 m 386.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 465.5 m 386.5 465.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 485.5 m 439.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 465.5 m 439.5 465.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 485.5 m 443.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 465.5 m 443.5 465.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 485.5 m 510.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 465.5 m 510.5 465.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 485.5 m 514.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510.5 465.5 m 514.5 465.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 485.5 m 562.5 485.5 l s 0 0 0.0392156862745098 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514.5 465.5 m 562.5 465.5 l s BT /F3 9.00 Tf ET q 0 0 0 rg BT 158.90 703.95 Td (Preferred) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 164.55 694.95 Td (Shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 218.20 721.95 Td (Ordinary) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 223.90 712.95 Td (Voting) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 218.75 703.95 Td (Common) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 223.55 694.95 Td (Shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 275.75 721.95 Td (Restricted) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 282.90 712.95 Td (Voting) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 277.75 703.95 Td (Common) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 282.55 694.95 Td (Shares) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 333.95 712.95 Td (Additional) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.45 703.95 Td (Paid-in) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 340.20 694.95 Td (Capital) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 395.25 703.95 Td (Retained) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 399.75 694.95 Td (Deficit) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.00 721.95 Td (Accumulated) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 465.05 712.95 Td (Other) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 446.55 703.95 Td (Comprehensive) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 451.10 694.95 Td (Income \(loss\)) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 528.15 694.95 Td (Total) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 673.73 Td (Balance December 31, 2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.00 674.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 174.15 674.17 Td (18,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.00 674.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.65 674.17 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.00 674.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.65 674.17 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.00 674.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.15 674.17 Td (152,652) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.00 674.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.80 674.22 Td (\(115,841) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 674.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.00 674.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.15 674.17 Td (1,425) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 674.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.10 674.17 Td (56,254) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 661.58 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.15 660.12 Td (1,922) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 660.12 Td (1,922) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 646.73 Td (Other comprehensive) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 638.73 Td (income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 491.65 639.17 Td (840) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 639.17 Td (840) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 626.58 Td (Share-based compensation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.65 625.12 Td (84) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 625.12 Td (84) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 614.58 Td (Stock options exercised) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 373.65 613.12 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 553.65 613.12 Td (3) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 601.73 Td (Balance September 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 593.73 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.00 594.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 174.15 594.17 Td (18,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.00 594.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.65 594.17 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.00 594.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.65 594.17 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.00 594.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.15 594.17 Td (152,739) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.00 594.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.80 594.22 Td (\(113,919) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 594.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.00 594.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.15 594.17 Td (2,265) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 594.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.10 594.17 Td (59,103) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 552.73 Td (Balance December 31, 2010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.00 553.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 174.15 553.17 Td (18,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.00 553.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.65 553.17 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.00 553.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.65 553.17 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.00 553.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.15 553.17 Td (152,466) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.00 553.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.80 553.22 Td (\(113,371) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 553.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.00 553.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.15 553.17 Td (3,056) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 553.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.10 553.17 Td (60,169) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 531.73 Td (Net loss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 532.17 Td (555) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.65 532.17 Td (555) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 513.73 Td (Other comprehensive loss) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.80 514.22 Td (\(2,046) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.65 514.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 514.22 Td (\(2,046) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 514.17 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 501.58 Td (Share-based compensation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.65 500.12 Td (84) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 500.12 Td (84) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 489.58 Td (Stock options exercised) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.65 488.12 Td (19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 488.12 Td (19) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 477.58 Td (Balance September 30,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 469.58 Td (2011) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 153.00 470.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 174.15 470.17 Td (18,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.00 470.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.65 470.17 Td (4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.00 470.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 309.65 470.17 Td (14) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 330.00 470.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.15 470.17 Td (152,569) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.00 470.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.80 470.22 Td (\(112,816) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 435.65 470.17 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.00 470.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.15 470.17 Td (1,010) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.00 470.17 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.10 470.17 Td (58,781) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 449.00 Td (As ) Tj ET Q q 0 0 0 rg BT 63.58 449.00 Td (of ) Tj ET Q q 0 0 0 rg BT 74.38 449.00 Td ( ) Tj ET Q q 0 0 0 rg BT 76.85 449.00 Td (November ) Tj ET Q q 0 0 0 rg BT 121.52 449.00 Td (6, ) Tj ET Q q 0 0 0 rg BT 131.49 449.00 Td (2012, ) Tj ET Q q 0 0 0 rg BT 156.46 449.00 Td (there ) Tj ET Q q 0 0 0 rg BT 178.91 449.00 Td (are ) Tj ET Q q 0 0 0 rg BT 193.59 449.00 Td (6,770,746 ) Tj ET Q q 0 0 0 rg BT 236.06 449.00 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 272.40 449.00 Td (voting ) Tj ET Q q 0 0 0 rg BT 300.43 449.00 Td (common ) Tj ET Q q 0 0 0 rg BT 337.89 449.00 Td (shares, ) Tj ET Q q 0 0 0 rg BT 367.85 449.00 Td (1) Tj ET Q q 0 0 0 rg BT 372.48 449.00 Td (1,662,307 ) Tj ET Q q 0 0 0 rg BT 414.95 449.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 454.62 449.00 Td (voting ) Tj ET Q q 0 0 0 rg BT 482.64 449.00 Td (common ) Tj ET Q q 0 0 0 rg BT 520.10 449.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 547.56 449.00 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 437.00 Td (18,000,000 ) Tj ET Q q 0 0 0 rg BT 97.50 437.00 Td (preferred ) Tj ET Q q 0 0 0 rg BT 136.64 437.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 164.13 437.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 191.63 437.00 Td (and ) Tj ET Q q 0 0 0 rg BT 208.56 437.00 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 260.23 437.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 420.00 Td (The ) Tj ET Q q 0 0 0 rg BT 67.28 420.00 Td (holders ) Tj ET Q q 0 0 0 rg BT 98.44 420.00 Td (of ) Tj ET Q q 0 0 0 rg BT 108.50 420.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 147.43 420.00 Td (voting ) Tj ET Q q 0 0 0 rg BT 174.72 420.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 201.44 420.00 Td (are ) Tj ET Q q 0 0 0 rg BT 215.37 420.00 Td (entitled ) Tj ET Q q 0 0 0 rg BT 247.09 420.00 Td (to ) Tj ET Q q 0 0 0 rg BT 256.60 420.00 Td (vote ) Tj ET Q q 0 0 0 rg BT 275.54 420.00 Td (at ) Tj ET Q q 0 0 0 rg BT 284.49 420.00 Td (all ) Tj ET Q q 0 0 0 rg BT 296.21 420.00 Td (meetings ) Tj ET Q q 0 0 0 rg BT 334.04 420.00 Td (of ) Tj ET Q q 0 0 0 rg BT 344.10 420.00 Td (shareholders, ) Tj ET Q q 0 0 0 rg BT 398.87 420.00 Td (except ) Tj ET Q q 0 0 0 rg BT 426.69 420.00 Td (at ) Tj ET Q q 0 0 0 rg BT 435.63 420.00 Td (meetings ) Tj ET Q q 0 0 0 rg BT 473.47 420.00 Td (of ) Tj ET Q q 0 0 0 rg BT 483.53 420.00 Td (holders ) Tj ET Q q 0 0 0 rg BT 514.69 420.00 Td (of ) Tj ET Q q 0 0 0 rg BT 524.75 420.00 Td (a ) Tj ET Q q 0 0 0 rg BT 530.92 420.00 Td (specific ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 408.00 Td (class ) Tj ET Q q 0 0 0 rg BT 71.79 408.00 Td (that ) Tj ET Q q 0 0 0 rg BT 89.14 408.00 Td (are ) Tj ET Q q 0 0 0 rg BT 103.71 408.00 Td (entitled ) Tj ET Q q 0 0 0 rg BT 136.05 408.00 Td (to ) Tj ET Q q 0 0 0 rg BT 146.18 408.00 Td (vote ) Tj ET Q q 0 0 0 rg BT 165.76 408.00 Td (separately ) Tj ET Q q 0 0 0 rg BT 208.64 408.00 Td (as ) Tj ET Q q 0 0 0 rg BT 219.33 408.00 Td (a ) Tj ET Q q 0 0 0 rg BT 226.12 408.00 Td (class. ) Tj ET Q q 0 0 0 rg BT 250.42 408.00 Td ( ) Tj ET Q q 0 0 0 rg BT 252.60 408.00 Td (The ) Tj ET Q q 0 0 0 rg BT 270.50 408.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 310.06 408.00 Td (voting ) Tj ET Q q 0 0 0 rg BT 337.97 408.00 Td (common ) Tj ET Q q 0 0 0 rg BT 375.32 408.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 402.67 408.00 Td (as ) Tj ET Q q 0 0 0 rg BT 413.35 408.00 Td (a ) Tj ET Q q 0 0 0 rg BT 420.14 408.00 Td (class ) Tj ET Q q 0 0 0 rg BT 441.94 408.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 463.18 408.00 Td (not ) Tj ET Q q 0 0 0 rg BT 478.31 408.00 Td (carry ) Tj ET Q q 0 0 0 rg BT 501.20 408.00 Td (more ) Tj ET Q q 0 0 0 rg BT 524.11 408.00 Td (than ) Tj ET Q q 0 0 0 rg BT 543.68 408.00 Td (30% ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 396.00 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 396.00 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 396.00 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 116.91 396.00 Td (votes ) Tj ET Q q 0 0 0 rg BT 140.52 396.00 Td (eligible ) Tj ET Q q 0 0 0 rg BT 173.01 396.00 Td (to ) Tj ET Q q 0 0 0 rg BT 183.29 396.00 Td (be ) Tj ET Q q 0 0 0 rg BT 195.22 396.00 Td (voted ) Tj ET Q q 0 0 0 rg BT 219.94 396.00 Td (at ) Tj ET Q q 0 0 0 rg BT 229.66 396.00 Td (a ) Tj ET Q q 0 0 0 rg BT 236.60 396.00 Td (general ) Tj ET Q q 0 0 0 rg BT 268.52 396.00 Td (meeting ) Tj ET Q q 0 0 0 rg BT 303.23 396.00 Td (of ) Tj ET Q q 0 0 0 rg BT 314.06 396.00 Td (common ) Tj ET Q q 0 0 0 rg BT 351.56 396.00 Td (shareholders.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 379.00 Td (All ) Tj ET Q q 0 0 0 rg BT 64.29 379.00 Td (of ) Tj ET Q q 0 0 0 rg BT 74.14 379.00 Td (the ) Tj ET Q q 0 0 0 rg BT 87.87 379.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 114.39 379.00 Td (and ) Tj ET Q q 0 0 0 rg BT 130.34 379.00 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 178.53 379.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 217.24 379.00 Td (voting ) Tj ET Q q 0 0 0 rg BT 244.32 379.00 Td (common ) Tj ET Q q 0 0 0 rg BT 280.83 379.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 307.33 379.00 Td (are ) Tj ET Q q 0 0 0 rg BT 321.06 379.00 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 369.77 379.00 Td (owned ) Tj ET Q q 0 0 0 rg BT 397.95 379.00 Td (or ) Tj ET Q q 0 0 0 rg BT 407.79 379.00 Td (controlled ) Tj ET Q q 0 0 0 rg BT 449.85 379.00 Td (by ) Tj ET Q q 0 0 0 rg BT 461.37 379.00 Td (Kingsway) Tj ET Q q 0 0 0 rg BT 501.27 379.00 Td (, ) Tj ET Q q 0 0 0 rg BT 505.29 379.00 Td (or ) Tj ET Q q 0 0 0 rg BT 515.13 379.00 Td (its ) Tj ET Q q 0 0 0 rg BT 526.10 379.00 Td (af) Tj ET Q q 0 0 0 rg BT 533.68 379.00 Td (filiated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 367.00 Td (entities. ) Tj ET Q q 0 0 0 rg BT 84.06 367.00 Td (The ) Tj ET Q q 0 0 0 rg BT 102.50 367.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 142.60 367.00 Td (voting ) Tj ET Q q 0 0 0 rg BT 171.05 367.00 Td (common ) Tj ET Q q 0 0 0 rg BT 208.93 367.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 236.82 367.00 Td (will ) Tj ET Q q 0 0 0 rg BT 255.27 367.00 Td (convert ) Tj ET Q q 0 0 0 rg BT 288.14 367.00 Td (to ) Tj ET Q q 0 0 0 rg BT 298.81 367.00 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 335.58 367.00 Td (voting ) Tj ET Q q 0 0 0 rg BT 364.03 367.00 Td (common ) Tj ET Q q 0 0 0 rg BT 401.92 367.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 429.80 367.00 Td (in ) Tj ET Q q 0 0 0 rg BT 440.47 367.00 Td (the ) Tj ET Q q 0 0 0 rg BT 455.58 367.00 Td (event ) Tj ET Q q 0 0 0 rg BT 480.13 367.00 Td (that ) Tj ET Q q 0 0 0 rg BT 498.01 367.00 Td (these ) Tj ET Q q 0 0 0 rg BT 521.45 367.00 Td (Kingsway ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 355.00 Td (owned ) Tj ET Q q 0 0 0 rg BT 79.16 355.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 106.65 355.00 Td (are ) Tj ET Q q 0 0 0 rg BT 121.36 355.00 Td (sold ) Tj ET Q q 0 0 0 rg BT 140.53 355.00 Td (to ) Tj ET Q q 0 0 0 rg BT 150.81 355.00 Td (non-af) Tj ET Q q 0 0 0 rg BT 176.72 355.00 Td (filiates ) Tj ET Q q 0 0 0 rg BT 206.44 355.00 Td (of ) Tj ET Q q 0 0 0 rg BT 217.27 355.00 Td (the ) Tj ET Q q 0 0 0 rg BT 231.98 355.00 Td (Company) Tj ET Q q 0 0 0 rg BT 270.22 355.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 338.00 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 90.80 338.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 119.38 338.00 Td (are ) Tj ET Q q 0 0 0 rg BT 135.19 338.00 Td (not ) Tj ET Q q 0 0 0 rg BT 151.57 338.00 Td (entitled ) Tj ET Q q 0 0 0 rg BT 185.16 338.00 Td (to ) Tj ET Q q 0 0 0 rg BT 196.53 338.00 Td (vote ) Tj ET Q q 0 0 0 rg BT 217.35 338.00 Td (and ) Tj ET Q q 0 0 0 rg BT 235.39 338.00 Td (are ) Tj ET Q q 0 0 0 rg BT 251.19 338.00 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 301.99 338.00 Td (owned ) Tj ET Q q 0 0 0 rg BT 332.25 338.00 Td (or ) Tj ET Q q 0 0 0 rg BT 344.17 338.00 Td (controlled ) Tj ET Q q 0 0 0 rg BT 388.32 338.00 Td (by ) Tj ET Q q 0 0 0 rg BT 401.91 338.00 Td (Kingsway) Tj ET Q q 0 0 0 rg BT 441.82 338.00 Td (. ) Tj ET Q q 0 0 0 rg BT 447.65 338.00 Td (They ) Tj ET Q q 0 0 0 rg BT 471.80 338.00 Td (accrue ) Tj ET Q q 0 0 0 rg BT 501.48 338.00 Td (dividends ) Tj ET Q q 0 0 0 rg BT 543.97 338.00 Td (on ) Tj ET Q q 0 0 0 rg BT 557.57 338.00 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 326.00 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 97.28 326.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 120.13 326.00 Td (whether ) Tj ET Q q 0 0 0 rg BT 155.18 326.00 Td (or ) Tj ET Q q 0 0 0 rg BT 166.36 326.00 Td (not ) Tj ET Q q 0 0 0 rg BT 181.99 326.00 Td (declared ) Tj ET Q q 0 0 0 rg BT 218.70 326.00 Td (by ) Tj ET Q q 0 0 0 rg BT 231.55 326.00 Td (the ) Tj ET Q q 0 0 0 rg BT 246.62 326.00 Td (Board ) Tj ET Q q 0 0 0 rg BT 273.90 326.00 Td (of ) Tj ET Q q 0 0 0 rg BT 285.08 326.00 Td (Directors ) Tj ET Q q 0 0 0 rg BT 325.14 326.00 Td (at ) Tj ET Q q 0 0 0 rg BT 335.21 326.00 Td (the ) Tj ET Q q 0 0 0 rg BT 350.27 326.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 368.11 326.00 Td (of ) Tj ET Q q 0 0 0 rg BT 379.28 326.00 Td ($0.045 ) Tj ET Q q 0 0 0 rg BT 409.63 326.00 Td (per ) Tj ET Q q 0 0 0 rg BT 425.25 326.00 Td (share ) Tj ET Q q 0 0 0 rg BT 449.20 326.00 Td (per ) Tj ET Q q 0 0 0 rg BT 464.82 326.00 Td (year ) Tj ET Q q 0 0 0 rg BT 484.87 326.00 Td (\(4.5%\) ) Tj ET Q q 0 0 0 rg BT 515.21 326.00 Td (and ) Tj ET Q q 0 0 0 rg BT 532.50 326.00 Td (may ) Tj ET Q q 0 0 0 rg BT 552.57 326.00 Td (be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 314.00 Td (paid ) Tj ET Q q 0 0 0 rg BT 69.61 314.00 Td (in ) Tj ET Q q 0 0 0 rg BT 79.78 314.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 99.95 314.00 Td (or ) Tj ET Q q 0 0 0 rg BT 110.67 314.00 Td (in ) Tj ET Q q 0 0 0 rg BT 120.84 314.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 163.23 314.00 Td (preferred ) Tj ET Q q 0 0 0 rg BT 202.26 314.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 229.64 314.00 Td (at ) Tj ET Q q 0 0 0 rg BT 239.25 314.00 Td (the ) Tj ET Q q 0 0 0 rg BT 253.86 314.00 Td (option ) Tj ET Q q 0 0 0 rg BT 281.81 314.00 Td (of ) Tj ET Q q 0 0 0 rg BT 292.01 314.00 Td (Atlas. ) Tj ET Q q 0 0 0 rg BT 318.01 314.00 Td (Upon ) Tj ET Q q 0 0 0 rg BT 342.63 314.00 Td (liquidation, ) Tj ET Q q 0 0 0 rg BT 390.85 314.00 Td (dissolution ) Tj ET Q q 0 0 0 rg BT 437.14 314.00 Td (or ) Tj ET Q q 0 0 0 rg BT 447.87 314.00 Td (winding-up ) Tj ET Q q 0 0 0 rg BT 496.37 314.00 Td (of ) Tj ET Q q 0 0 0 rg BT 506.56 314.00 Td (Atlas, ) Tj ET Q q 0 0 0 rg BT 532.57 314.00 Td (holders ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 302.00 Td (of ) Tj ET Q q 0 0 0 rg BT 60.51 302.00 Td (preferred ) Tj ET Q q 0 0 0 rg BT 99.33 302.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 126.50 302.00 Td (receive ) Tj ET Q q 0 0 0 rg BT 157.55 302.00 Td (the ) Tj ET Q q 0 0 0 rg BT 171.95 302.00 Td (greater ) Tj ET Q q 0 0 0 rg BT 201.88 302.00 Td (of ) Tj ET Q q 0 0 0 rg BT 212.40 302.00 Td ($1.00 ) Tj ET Q q 0 0 0 rg BT 237.08 302.00 Td (per ) Tj ET Q q 0 0 0 rg BT 252.03 302.00 Td (share ) Tj ET Q q 0 0 0 rg BT 275.31 302.00 Td (plus ) Tj ET Q q 0 0 0 rg BT 294.17 302.00 Td (all ) Tj ET Q q 0 0 0 rg BT 306.34 302.00 Td (declared ) Tj ET Q q 0 0 0 rg BT 342.39 302.00 Td (and ) Tj ET Q q 0 0 0 rg BT 359.01 302.00 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 388.41 302.00 Td (dividends ) Tj ET Q q 0 0 0 rg BT 429.48 302.00 Td (or ) Tj ET Q q 0 0 0 rg BT 439.99 302.00 Td (the ) Tj ET Q q 0 0 0 rg BT 454.39 302.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 486.57 302.00 Td (they ) Tj ET Q q 0 0 0 rg BT 505.97 302.00 Td (would ) Tj ET Q q 0 0 0 rg BT 533.15 302.00 Td (receive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 290.00 Td (in ) Tj ET Q q 0 0 0 rg BT 60.55 290.00 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 106.66 290.00 Td (if ) Tj ET Q q 0 0 0 rg BT 115.54 290.00 Td (the ) Tj ET Q q 0 0 0 rg BT 130.53 290.00 Td (preferred ) Tj ET Q q 0 0 0 rg BT 169.94 290.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 197.71 290.00 Td (had ) Tj ET Q q 0 0 0 rg BT 214.92 290.00 Td (been ) Tj ET Q q 0 0 0 rg BT 236.57 290.00 Td (converted ) Tj ET Q q 0 0 0 rg BT 278.77 290.00 Td (to ) Tj ET Q q 0 0 0 rg BT 289.33 290.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 329.30 290.00 Td (voting ) Tj ET Q q 0 0 0 rg BT 357.63 290.00 Td (common ) Tj ET Q q 0 0 0 rg BT 395.40 290.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 423.17 290.00 Td (or ) Tj ET Q q 0 0 0 rg BT 434.27 290.00 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 470.93 290.00 Td (voting ) Tj ET Q q 0 0 0 rg BT 499.26 290.00 Td (common ) Tj ET Q q 0 0 0 rg BT 537.03 290.00 Td (shares ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 278.00 Td (immediately ) Tj ET Q q 0 0 0 rg BT 102.40 278.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 124.26 278.00 Td (to ) Tj ET Q q 0 0 0 rg BT 134.46 278.00 Td (liquidation. ) Tj ET Q q 0 0 0 rg BT 182.71 278.00 Td (Preferred ) Tj ET Q q 0 0 0 rg BT 222.32 278.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 249.73 278.00 Td (are ) Tj ET Q q 0 0 0 rg BT 264.36 278.00 Td (convertible ) Tj ET Q q 0 0 0 rg BT 311.75 278.00 Td (into ) Tj ET Q q 0 0 0 rg BT 329.73 278.00 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 366.03 278.00 Td (voting ) Tj ET Q q 0 0 0 rg BT 394.00 278.00 Td (common ) Tj ET Q q 0 0 0 rg BT 431.41 278.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 458.82 278.00 Td (at ) Tj ET Q q 0 0 0 rg BT 468.46 278.00 Td (the ) Tj ET Q q 0 0 0 rg BT 483.09 278.00 Td (option ) Tj ET Q q 0 0 0 rg BT 511.07 278.00 Td (of ) Tj ET Q q 0 0 0 rg BT 521.82 278.00 Td (the ) Tj ET Q q 0 0 0 rg BT 536.45 278.00 Td (holder ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 266.00 Td (at ) Tj ET Q q 0 0 0 rg BT 59.72 266.00 Td (any ) Tj ET Q q 0 0 0 rg BT 76.65 266.00 Td (date ) Tj ET Q q 0 0 0 rg BT 95.81 266.00 Td (that ) Tj ET Q q 0 0 0 rg BT 113.30 266.00 Td (is ) Tj ET Q q 0 0 0 rg BT 122.47 266.00 Td (after ) Tj ET Q q 0 0 0 rg BT 143.29 266.00 Td (December ) Tj ET Q q 0 0 0 rg BT 186.87 266.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 201.87 266.00 Td (2015, ) Tj ET Q q 0 0 0 rg BT 226.87 266.00 Td (the ) Tj ET Q q 0 0 0 rg BT 241.58 266.00 Td (fifth ) Tj ET Q q 0 0 0 rg BT 261.30 266.00 Td (year ) Tj ET Q q 0 0 0 rg BT 281.00 266.00 Td (after ) Tj ET Q q 0 0 0 rg BT 301.82 266.00 Td (issuance ) Tj ET Q q 0 0 0 rg BT 338.19 266.00 Td (at ) Tj ET Q q 0 0 0 rg BT 347.91 266.00 Td (the ) Tj ET Q q 0 0 0 rg BT 362.63 266.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 380.11 266.00 Td (of ) Tj ET Q q 0 0 0 rg BT 390.94 266.00 Td (0.3808 ) Tj ET Q q 0 0 0 rg BT 420.94 266.00 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 457.31 266.00 Td (voting ) Tj ET Q q 0 0 0 rg BT 485.37 266.00 Td (common ) Tj ET Q q 0 0 0 rg BT 522.86 266.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 550.35 266.00 Td (for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 254.00 Td (each ) Tj ET Q q 0 0 0 rg BT 70.34 254.00 Td (preferred ) Tj ET Q q 0 0 0 rg BT 108.99 254.00 Td (share. ) Tj ET Q q 0 0 0 rg BT 134.47 254.00 Td (The ) Tj ET Q q 0 0 0 rg BT 152.03 254.00 Td (conversion ) Tj ET Q q 0 0 0 rg BT 197.93 254.00 Td (rate ) Tj ET Q q 0 0 0 rg BT 214.94 254.00 Td (is ) Tj ET Q q 0 0 0 rg BT 223.63 254.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 253.97 254.00 Td (to ) Tj ET Q q 0 0 0 rg BT 263.77 254.00 Td (change ) Tj ET Q q 0 0 0 rg BT 294.11 254.00 Td (if ) Tj ET Q q 0 0 0 rg BT 302.24 254.00 Td (the ) Tj ET Q q 0 0 0 rg BT 316.47 254.00 Td (number ) Tj ET Q q 0 0 0 rg BT 349.04 254.00 Td (of ) Tj ET Q q 0 0 0 rg BT 359.39 254.00 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 395.29 254.00 Td (voting ) Tj ET Q q 0 0 0 rg BT 422.87 254.00 Td (common ) Tj ET Q q 0 0 0 rg BT 459.88 254.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 486.89 254.00 Td (or ) Tj ET Q q 0 0 0 rg BT 497.24 254.00 Td (restricted ) Tj ET Q q 0 0 0 rg BT 536.47 254.00 Td (voting ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 242.00 Td (common ) Tj ET Q q 0 0 0 rg BT 87.15 242.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 114.29 242.00 Td (changes. ) Tj ET Q q 0 0 0 rg BT 151.15 242.00 Td ( ) Tj ET Q q 0 0 0 rg BT 153.15 242.00 Td (The ) Tj ET Q q 0 0 0 rg BT 170.85 242.00 Td (preferred ) Tj ET Q q 0 0 0 rg BT 209.64 242.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 236.78 242.00 Td (are ) Tj ET Q q 0 0 0 rg BT 251.14 242.00 Td (redeemable ) Tj ET Q q 0 0 0 rg BT 299.38 242.00 Td (at ) Tj ET Q q 0 0 0 rg BT 308.75 242.00 Td (the ) Tj ET Q q 0 0 0 rg BT 323.12 242.00 Td (option ) Tj ET Q q 0 0 0 rg BT 350.83 242.00 Td (of ) Tj ET Q q 0 0 0 rg BT 360.83 242.00 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 384.10 242.00 Td (at ) Tj ET Q q 0 0 0 rg BT 393.47 242.00 Td (a ) Tj ET Q q 0 0 0 rg BT 400.06 242.00 Td (price ) Tj ET Q q 0 0 0 rg BT 422.20 242.00 Td (of ) Tj ET Q q 0 0 0 rg BT 432.68 242.00 Td ($1.00 ) Tj ET Q q 0 0 0 rg BT 457.33 242.00 Td (per ) Tj ET Q q 0 0 0 rg BT 472.25 242.00 Td (share ) Tj ET Q q 0 0 0 rg BT 495.51 242.00 Td (plus ) Tj ET Q q 0 0 0 rg BT 514.33 242.00 Td (accrued ) Tj ET Q q 0 0 0 rg BT 547.57 242.00 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 230.00 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 79.28 230.00 Td (dividends ) Tj ET Q q 0 0 0 rg BT 120.22 230.00 Td (commencing ) Tj ET Q q 0 0 0 rg BT 173.94 230.00 Td (at ) Tj ET Q q 0 0 0 rg BT 183.21 230.00 Td (the ) Tj ET Q q 0 0 0 rg BT 197.49 230.00 Td (earlier ) Tj ET Q q 0 0 0 rg BT 225.08 230.00 Td (of ) Tj ET Q q 0 0 0 rg BT 235.47 230.00 Td (December ) Tj ET Q q 0 0 0 rg BT 278.62 230.00 Td (31, ) Tj ET Q q 0 0 0 rg BT 293.18 230.00 Td (2012, ) Tj ET Q q 0 0 0 rg BT 317.74 230.00 Td (two ) Tj ET Q q 0 0 0 rg BT 334.80 230.00 Td (years ) Tj ET Q q 0 0 0 rg BT 357.96 230.00 Td (from ) Tj ET Q q 0 0 0 rg BT 379.46 230.00 Td (issuance ) Tj ET Q q 0 0 0 rg BT 415.40 230.00 Td (date, ) Tj ET Q q 0 0 0 rg BT 436.61 230.00 Td (or ) Tj ET Q q 0 0 0 rg BT 447.00 230.00 Td (the ) Tj ET Q q 0 0 0 rg BT 461.28 230.00 Td (date ) Tj ET Q q 0 0 0 rg BT 480.00 230.00 Td (at ) Tj ET Q q 0 0 0 rg BT 489.27 230.00 Td (which ) Tj ET Q q 0 0 0 rg BT 515.77 230.00 Td (Kingsway's ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 218.00 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 91.92 218.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 123.85 218.00 Td (is ) Tj ET Q q 0 0 0 rg BT 133.02 218.00 Td (less ) Tj ET Q q 0 0 0 rg BT 150.52 218.00 Td (than ) Tj ET Q q 0 0 0 rg BT 170.24 218.00 Td (10%. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 201.00 Td (The ) Tj ET Q q 0 0 0 rg BT 67.83 201.00 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 114.55 201.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 146.83 201.00 Td (of ) Tj ET Q q 0 0 0 rg BT 157.44 201.00 Td (dividends ) Tj ET Q q 0 0 0 rg BT 198.61 201.00 Td (to ) Tj ET Q q 0 0 0 rg BT 208.68 201.00 Td (which ) Tj ET Q q 0 0 0 rg BT 235.40 201.00 Td (the ) Tj ET Q q 0 0 0 rg BT 249.90 201.00 Td (preferred ) Tj ET Q q 0 0 0 rg BT 288.82 201.00 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 341.65 201.00 Td (are ) Tj ET Q q 0 0 0 rg BT 356.14 201.00 Td (entitled ) Tj ET Q q 0 0 0 rg BT 388.41 201.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 410.70 201.00 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 456.31 201.00 Td (or ) Tj ET Q q 0 0 0 rg BT 466.93 201.00 Td (sooner) Tj ET Q q 0 0 0 rg BT 493.19 201.00 Td (, ) Tj ET Q q 0 0 0 rg BT 497.97 201.00 Td (if ) Tj ET Q q 0 0 0 rg BT 505.86 201.00 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 529.26 201.00 Td (declares ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 189.00 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 94.23 189.00 Td (is ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 103.74 189.00 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 124.08 189.00 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 152.97 189.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.82 189.00 Td (as ) Tj ET Q q 0 0 0 rg BT 166.99 189.00 Td (of ) Tj ET Q q 0 0 0 rg BT 178.16 189.00 Td (the ) Tj ET Q q 0 0 0 rg BT 193.22 189.00 Td (period ) Tj ET Q q 0 0 0 rg BT 221.61 189.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 248.33 189.00 Td (September ) Tj ET Q q 0 0 0 rg BT 293.93 189.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 309.27 189.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.27 189.00 Td (. ) Tj ET Q q 0 0 0 rg BT 334.41 189.00 Td (The ) Tj ET Q q 0 0 0 rg BT 352.80 189.00 Td (accumulation ) Tj ET Q q 0 0 0 rg BT 409.51 189.00 Td (of ) Tj ET Q q 0 0 0 rg BT 420.68 189.00 Td (these ) Tj ET Q q 0 0 0 rg BT 444.07 189.00 Td (dividends ) Tj ET Q q 0 0 0 rg BT 485.80 189.00 Td (has ) Tj ET Q q 0 0 0 rg BT 501.97 189.00 Td (an ) Tj ET Q q 0 0 0 rg BT 514.25 189.00 Td (unfavorable ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 177.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 79.89 177.00 Td (on ) Tj ET Q q 0 0 0 rg BT 92.57 177.00 Td (book ) Tj ET Q q 0 0 0 rg BT 115.25 177.00 Td (value ) Tj ET Q q 0 0 0 rg BT 139.58 177.00 Td (per ) Tj ET Q q 0 0 0 rg BT 155.03 177.00 Td (share ) Tj ET Q q 0 0 0 rg BT 178.80 177.00 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.81 177.00 Td ($0.08) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.31 177.00 Td ( ) Tj ET Q q 0 0 0 rg BT 214.99 177.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 217.67 177.00 Td (as ) Tj ET Q q 0 0 0 rg BT 228.68 177.00 Td (of ) Tj ET Q q 0 0 0 rg BT 239.69 177.00 Td (the ) Tj ET Q q 0 0 0 rg BT 254.58 177.00 Td (period ) Tj ET Q q 0 0 0 rg BT 282.81 177.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 309.36 177.00 Td (September ) Tj ET Q q 0 0 0 rg BT 354.80 177.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 369.98 177.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.98 177.00 Td ( ) Tj ET Q q 0 0 0 rg BT 392.66 177.00 Td (and ) Tj ET Q q 0 0 0 rg BT 409.78 177.00 Td (an ) Tj ET Q q 0 0 0 rg BT 421.89 177.00 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 472.32 177.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 502.21 177.00 Td (to ) Tj ET Q q 0 0 0 rg BT 512.67 177.00 Td (earnings ) Tj ET Q q 0 0 0 rg BT 549.23 177.00 Td (per ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 165.00 Td (share ) Tj ET Q q 0 0 0 rg BT 73.60 165.00 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 84.43 165.00 Td ($0.01) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 106.93 165.00 Td ( ) Tj ET Q q 0 0 0 rg BT 109.43 165.00 Td (for ) Tj ET Q q 0 0 0 rg BT 123.59 165.00 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.31 165.00 Td (three ) Tj ET Q q 0 0 0 rg BT 160.79 165.00 Td (month ) Tj ET Q q 0 0 0 rg BT 188.85 165.00 Td (period ) Tj ET Q q 0 0 0 rg BT 216.89 165.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 243.27 165.00 Td (September ) Tj ET Q q 0 0 0 rg BT 288.54 165.00 Td (30, ) Tj ET Q q 0 0 0 rg BT 303.54 165.00 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.54 165.00 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 148.00 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 92.52 148.00 Td (and ) Tj ET Q q 0 0 0 rg BT 111.14 148.00 Td (Capital ) Tj ET Q q 0 0 0 rg BT 145.31 148.00 Td (Resour) Tj ET Q q 0 0 0 rg BT 175.68 148.00 Td (ces) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 131.00 Td (The ) Tj ET Q q 0 0 0 rg BT 68.45 131.00 Td (purpose ) Tj ET Q q 0 0 0 rg BT 103.01 131.00 Td (of ) Tj ET Q q 0 0 0 rg BT 114.24 131.00 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 151.03 131.00 Td (management ) Tj ET Q q 0 0 0 rg BT 205.02 131.00 Td (is ) Tj ET Q q 0 0 0 rg BT 214.59 131.00 Td (to ) Tj ET Q q 0 0 0 rg BT 225.27 131.00 Td (ensure ) Tj ET Q q 0 0 0 rg BT 254.27 131.00 Td (there ) Tj ET Q q 0 0 0 rg BT 277.15 131.00 Td (is ) Tj ET Q q 0 0 0 rg BT 286.72 131.00 Td (suf) Tj ET Q q 0 0 0 rg BT 298.76 131.00 Td (ficient ) Tj ET Q q 0 0 0 rg BT 327.21 131.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 347.88 131.00 Td (to ) Tj ET Q q 0 0 0 rg BT 358.55 131.00 Td (meet ) Tj ET Q q 0 0 0 rg BT 380.89 131.00 Td (all ) Tj ET Q q 0 0 0 rg BT 393.78 131.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 431.67 131.00 Td (commitments ) Tj ET Q q 0 0 0 rg BT 489.00 131.00 Td (and ) Tj ET Q q 0 0 0 rg BT 506.34 131.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 553.69 131.00 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 119.00 Td (they ) Tj ET Q q 0 0 0 rg BT 69.20 119.00 Td (become ) Tj ET Q q 0 0 0 rg BT 102.28 119.00 Td (due. ) Tj ET Q q 0 0 0 rg BT 121.06 119.00 Td (The ) Tj ET Q q 0 0 0 rg BT 138.59 119.00 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 174.46 119.00 Td (requirements ) Tj ET Q q 0 0 0 rg BT 228.65 119.00 Td (of ) Tj ET Q q 0 0 0 rg BT 238.53 119.00 Td (Atlas) Tj ET Q q 0 0 0 rg BT 262.22 119.00 Td ( ) Tj ET Q q 0 0 0 rg BT 264.21 119.00 Td (business ) Tj ET Q q 0 0 0 rg BT 300.08 119.00 Td (have ) Tj ET Q q 0 0 0 rg BT 320.94 119.00 Td (been ) Tj ET Q q 0 0 0 rg BT 341.80 119.00 Td (met ) Tj ET Q q 0 0 0 rg BT 358.78 119.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 397.98 119.00 Td (by ) Tj ET Q q 0 0 0 rg BT 409.96 119.00 Td (funds ) Tj ET Q q 0 0 0 rg BT 434.17 119.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 475.01 119.00 Td (from ) Tj ET Q q 0 0 0 rg BT 496.44 119.00 Td (operations, ) Tj ET Q q 0 0 0 rg BT 542.57 119.00 Td (asset ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 107.00 Td (maturities ) Tj ET Q q 0 0 0 rg BT 92.63 107.00 Td (and ) Tj ET Q q 0 0 0 rg BT 109.70 107.00 Td (income ) Tj ET Q q 0 0 0 rg BT 141.77 107.00 Td (and ) Tj ET Q q 0 0 0 rg BT 158.84 107.00 Td (other ) Tj ET Q q 0 0 0 rg BT 182.03 107.00 Td (returns ) Tj ET Q q 0 0 0 rg BT 212.43 107.00 Td (received ) Tj ET Q q 0 0 0 rg BT 248.93 107.00 Td (on ) Tj ET Q q 0 0 0 rg BT 261.56 107.00 Td (securities. ) Tj ET Q q 0 0 0 rg BT 304.46 107.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 327.10 107.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 365.28 107.00 Td (from ) Tj ET Q q 0 0 0 rg BT 387.36 107.00 Td (these ) Tj ET Q q 0 0 0 rg BT 410.54 107.00 Td (sources ) Tj ET Q q 0 0 0 rg BT 443.17 107.00 Td (is ) Tj ET Q q 0 0 0 rg BT 452.47 107.00 Td (used ) Tj ET Q q 0 0 0 rg BT 473.44 107.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 513.28 107.00 Td (for ) Tj ET Q q 0 0 0 rg BT 527.58 107.00 Td (payment ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 95.00 Td (of ) Tj ET Q q 0 0 0 rg BT 61.76 95.00 Td (claims ) Tj ET Q q 0 0 0 rg BT 91.29 95.00 Td (and ) Tj ET Q q 0 0 0 rg BT 109.16 95.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 150.35 95.00 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 192.13 95.00 Td (The ) Tj ET Q q 0 0 0 rg BT 211.10 95.00 Td (timing ) Tj ET Q q 0 0 0 rg BT 240.64 95.00 Td (and ) Tj ET Q q 0 0 0 rg BT 258.51 95.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 291.93 95.00 Td (of ) Tj ET Q q 0 0 0 rg BT 303.69 95.00 Td (catastrophe ) Tj ET Q q 0 0 0 rg BT 352.65 95.00 Td (claims ) Tj ET Q q 0 0 0 rg BT 382.18 95.00 Td (are ) Tj ET Q q 0 0 0 rg BT 397.81 95.00 Td (inherently ) Tj ET Q q 0 0 0 rg BT 441.78 95.00 Td (unpredictable ) Tj ET Q q 0 0 0 rg BT 499.63 95.00 Td (and ) Tj ET Q q 0 0 0 rg BT 517.50 95.00 Td (may ) Tj ET Q q 0 0 0 rg BT 538.14 95.00 Td (create ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 83.00 Td (increased ) Tj ET Q q 0 0 0 rg BT 90.25 83.00 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 126.65 83.00 Td (requirements. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 66.00 Td (As ) Tj ET Q q 0 0 0 rg BT 63.15 66.00 Td (a ) Tj ET Q q 0 0 0 rg BT 69.63 66.00 Td (holding ) Tj ET Q q 0 0 0 rg BT 102.22 66.00 Td (company) Tj ET Q q 0 0 0 rg BT 138.23 66.00 Td (, ) Tj ET Q q 0 0 0 rg BT 142.31 66.00 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 165.46 66.00 Td (may ) Tj ET Q q 0 0 0 rg BT 184.72 66.00 Td (derive ) Tj ET Q q 0 0 0 rg BT 211.74 66.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 231.54 66.00 Td (from ) Tj ET Q q 0 0 0 rg BT 253.02 66.00 Td (its ) Tj ET Q q 0 0 0 rg BT 264.51 66.00 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 313.76 66.00 Td (generally ) Tj ET Q q 0 0 0 rg BT 353.00 66.00 Td (in ) Tj ET Q q 0 0 0 rg BT 362.82 66.00 Td (the ) Tj ET Q q 0 0 0 rg BT 377.07 66.00 Td (form ) Tj ET Q q 0 0 0 rg BT 398.55 66.00 Td (of ) Tj ET Q q 0 0 0 rg BT 408.91 66.00 Td (dividends ) Tj ET Q q 0 0 0 rg BT 449.84 66.00 Td (and ) Tj ET Q q 0 0 0 rg BT 466.31 66.00 Td (in ) Tj ET Q q 0 0 0 rg BT 476.13 66.00 Td (the ) Tj ET Q q 0 0 0 rg BT 490.39 66.00 Td (future ) Tj ET Q q 0 0 0 rg BT 516.30 66.00 Td (may ) Tj ET Q q 0 0 0 rg BT 535.55 66.00 Td (char) Tj ET Q q 0 0 0 rg BT 552.58 66.00 Td (ge ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 54.00 Td (management ) Tj ET Q q 0 0 0 rg BT 103.21 54.00 Td (fees ) Tj ET Q q 0 0 0 rg BT 121.43 54.00 Td (to ) Tj ET Q q 0 0 0 rg BT 131.33 54.00 Td (the ) Tj ET Q q 0 0 0 rg BT 145.67 54.00 Td (extent ) Tj ET Q q 0 0 0 rg BT 172.22 54.00 Td (allowed ) Tj ET Q q 0 0 0 rg BT 206.00 54.00 Td (by ) Tj ET Q q 0 0 0 rg BT 218.12 54.00 Td (statute ) Tj ET Q q 0 0 0 rg BT 246.34 54.00 Td (or ) Tj ET Q q 0 0 0 rg BT 256.79 54.00 Td (other ) Tj ET Q q 0 0 0 rg BT 279.46 54.00 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 322.67 54.00 Td (approval ) Tj ET Q q 0 0 0 rg BT 359.78 54.00 Td (requirements ) Tj ET Q q 0 0 0 rg BT 414.10 54.00 Td (to ) Tj ET Q q 0 0 0 rg BT 424.00 54.00 Td (meet ) Tj ET Q q 0 0 0 rg BT 445.55 54.00 Td (its ) Tj ET Q q 0 0 0 rg BT 457.12 54.00 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 506.03 54.00 Td (The ) Tj ET Q q 0 0 0 rg BT 523.70 54.00 Td (insurance ) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 79 0 obj <>] /Rotate 0 /Contents 80 0 R>> endobj 80 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (39) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 99.60 742.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 120.31 742.10 Td (their ) Tj ET Q q 0 0 0 rg BT 141.02 742.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 187.84 742.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 227.44 742.10 Td (through ) Tj ET Q q 0 0 0 rg BT 260.93 742.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 299.41 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.23 742.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 362.50 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 394.31 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.13 742.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 453.50 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 463.66 742.10 Td (their ) Tj ET Q q 0 0 0 rg BT 484.37 742.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 524.52 742.10 Td (portfolio. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Refer ) Tj ET Q q 0 0 0 rg BT 74.52 730.10 Td (also ) Tj ET Q q 0 0 0 rg BT 92.93 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.02 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.55 730.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 161.53 730.10 Td (Investments ) Tj ET Q q 0 0 0 rg BT 216.60 730.10 Td (Overview ) Tj ET Q q 0 0 0 rg BT 258.34 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.09 730.10 Td (Strategy) Tj ET Q q 0 0 0 rg BT 307.76 730.10 Td (." ) Tj ET Q q 0 0 0 rg BT 316.49 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 334.34 730.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 374.97 730.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 424.50 730.10 Td (require ) Tj ET Q q 0 0 0 rg BT 455.12 730.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 498.52 730.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 535.82 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.79 730.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (return ) Tj ET Q q 0 0 0 rg BT 76.33 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.11 718.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 116.22 718.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 135.61 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 145.84 718.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 175.49 718.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 237.09 718.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 273.97 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.75 718.10 Td (dividends. ) Tj ET Q q 0 0 0 rg BT 328.59 718.10 Td (In ) Tj ET Q q 0 0 0 rg BT 339.38 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.05 718.10 Td (event ) Tj ET Q q 0 0 0 rg BT 378.15 718.10 Td (that ) Tj ET Q q 0 0 0 rg BT 395.60 718.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 436.94 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.83 718.10 Td (management ) Tj ET Q q 0 0 0 rg BT 507.37 718.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 525.92 718.10 Td (available ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.39 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.21 706.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 108.37 706.10 Td (company ) Tj ET Q q 0 0 0 rg BT 147.64 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 162.45 706.10 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 208.37 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.75 706.10 Td (service ) Tj ET Q q 0 0 0 rg BT 249.68 706.10 Td (its ) Tj ET Q q 0 0 0 rg BT 261.73 706.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 311.28 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.11 706.10 Td (holding ) Tj ET Q q 0 0 0 rg BT 359.27 706.10 Td (company ) Tj ET Q q 0 0 0 rg BT 398.54 706.10 Td (would ) Tj ET Q q 0 0 0 rg BT 426.14 706.10 Td (need ) Tj ET Q q 0 0 0 rg BT 447.63 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 458.01 706.10 Td (raise ) Tj ET Q q 0 0 0 rg BT 479.50 706.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 511.25 706.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 527.75 706.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 553.69 706.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 72.41 694.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 91.48 694.10 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 140.29 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 141.74 694.10 Td (As ) Tj ET Q q 0 0 0 rg BT 154.71 694.10 Td (at ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 163.79 694.10 Td (September30, ) Tj ET Q q 0 0 0 rg BT 223.41 694.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.41 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 247.36 694.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 270.33 694.10 Td (did ) Tj ET Q q 0 0 0 rg BT 284.97 694.10 Td (not ) Tj ET Q q 0 0 0 rg BT 299.61 694.10 Td (have ) Tj ET Q q 0 0 0 rg BT 320.35 694.10 Td (any ) Tj ET Q q 0 0 0 rg BT 336.64 694.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 385.17 694.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 406.75 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.05 694.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 463.49 694.10 Td (no ) Tj ET Q q 0 0 0 rg BT 475.35 694.10 Td (near ) Tj ET Q q 0 0 0 rg BT 494.42 694.10 Td (term ) Tj ET Q q 0 0 0 rg BT 514.60 694.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 533.68 694.10 Td (service ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 98.89 682.10 Td (Atlas ) Tj ET Q q 0 0 0 rg BT 122.50 682.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 161.09 682.10 Td (has ) Tj ET Q q 0 0 0 rg BT 176.92 682.10 Td (no ) Tj ET Q q 0 0 0 rg BT 189.42 682.10 Td (material ) Tj ET Q q 0 0 0 rg BT 224.68 682.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 281.62 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 295.78 682.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 324.93 682.10 Td (expenditures.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 665.10 Td (The following table summarizes consolidated cash flow activities:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.00 640.35 Td (Summary of Cash Flows \(in '000s\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 604.60 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 604.60 112.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 604.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 604.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 574.60 292.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 574.60 112.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 574.60 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 574.60 100.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 604.6 m 453.5 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 604.6 m 461.5 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 604.6 m 561.5 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 604.6 m 453.5 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 604.6 m 561.5 604.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 559.6 m 453.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 559.6 m 561.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 559.6 m 453.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 545.6 m 453.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 543.6 m 453.5 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 559.6 m 461.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 545.6 m 461.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 543.6 m 461.5 543.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 559.6 m 561.5 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 545.6 m 561.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 543.6 m 561.5 543.6 l s BT /F3 10.00 Tf ET q 0 0 0 rg BT 392.75 624.28 Td (Nine Month Periods Ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 355.25 609.28 Td (September 30, 2012) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 469.55 609.28 Td (September 30, 2011) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 594.28 Td (Cash Used by Operating ) Tj ET Q q 0 0 0 rg BT 158.68 594.28 Td (Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.80 594.32 Td (\(19,344) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 594.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.80 594.32 Td (\(31,532) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 557.65 594.27 Td (\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 579.28 Td (Cash Pr) Tj ET Q q 0 0 0 rg BT 86.54 579.28 Td (ovided by Investing ) Tj ET Q q 0 0 0 rg BT 171.84 579.28 Td (Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 427.15 579.27 Td (8,243) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 579.27 Td (42,603) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 564.28 Td (Cash Pr) Tj ET Q q 0 0 0 rg BT 86.54 564.28 Td (ovided by Financing ) Tj ET Q q 0 0 0 rg BT 175.18 564.28 Td (Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.65 564.27 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 547.65 564.27 Td (19) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 549.28 Td (Net decrease in cash) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 418.80 549.32 Td (\(11,098) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 549.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 549.27 Td (11,090) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 528.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 72.34 528.10 Td (used ) Tj ET Q q 0 0 0 rg BT 93.02 528.10 Td (in ) Tj ET Q q 0 0 0 rg BT 103.14 528.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 147.13 528.10 Td (during ) Tj ET Q q 0 0 0 rg BT 175.59 528.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 190.15 528.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 209.71 528.10 Td (month ) Tj ET Q q 0 0 0 rg BT 237.60 528.10 Td (period ) Tj ET Q q 0 0 0 rg BT 265.49 528.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 291.71 528.10 Td (September ) Tj ET Q q 0 0 0 rg BT 336.82 528.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 351.66 528.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.66 528.10 Td ( ) Tj ET Q q 0 0 0 rg BT 374.01 528.10 Td (was ) Tj ET Q q 0 0 0 rg BT 391.90 528.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 432.00 528.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 464.32 528.10 Td (to ) Tj ET Q q 0 0 0 rg BT 474.44 528.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.00 528.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 508.56 528.10 Td (month ) Tj ET Q q 0 0 0 rg BT 536.46 528.10 Td (period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 516.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 75.85 516.10 Td (September ) Tj ET Q q 0 0 0 rg BT 120.59 516.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 135.06 516.10 Td (201) Tj ET Q q 0 0 0 rg BT 149.69 516.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 154.69 516.10 Td ( ) Tj ET Q q 0 0 0 rg BT 156.67 516.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 195.85 516.10 Td (as ) Tj ET Q q 0 0 0 rg BT 206.16 516.10 Td (a ) Tj ET Q q 0 0 0 rg BT 212.57 516.10 Td (result ) Tj ET Q q 0 0 0 rg BT 236.76 516.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.06 516.10 Td (fewer ) Tj ET Q q 0 0 0 rg BT 271.80 516.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 312.10 516.10 Td (for ) Tj ET Q q 0 0 0 rg BT 325.73 516.10 Td (claims ) Tj ET Q q 0 0 0 rg BT 353.81 516.10 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.14 516.10 Td ($35.3 ) Tj ET Q q 0 0 0 rg BT 381.61 516.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.50 516.10 Td ( ) Tj ET Q q 0 0 0 rg BT 412.48 516.10 Td (versus ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 440.00 516.10 Td ($54.6 ) Tj ET Q q 0 0 0 rg BT 464.48 516.10 Td (million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 493.37 516.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 501.17 516.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 523.15 516.10 Td (generated ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 504.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.20 504.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 101.07 504.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 139.37 504.10 Td (during ) Tj ET Q q 0 0 0 rg BT 167.69 504.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.11 504.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 201.53 504.10 Td (month ) Tj ET Q q 0 0 0 rg BT 229.29 504.10 Td (period ) Tj ET Q q 0 0 0 rg BT 257.04 504.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 283.12 504.10 Td (September ) Tj ET Q q 0 0 0 rg BT 328.09 504.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 342.79 504.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.79 504.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.99 504.10 Td (was ) Tj ET Q q 0 0 0 rg BT 382.75 504.10 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 432.71 504.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 464.89 504.10 Td (to ) Tj ET Q q 0 0 0 rg BT 474.87 504.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.29 504.10 Td (nine ) Tj ET Q q 0 0 0 rg BT 508.71 504.10 Td (month ) Tj ET Q q 0 0 0 rg BT 536.47 504.10 Td (period ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 492.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 76.38 492.10 Td (September ) Tj ET Q q 0 0 0 rg BT 121.64 492.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 136.64 492.10 Td (201) Tj ET Q q 0 0 0 rg BT 151.27 492.10 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.90 492.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 163.40 492.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 203.11 492.10 Td (as ) Tj ET Q q 0 0 0 rg BT 213.94 492.10 Td (a ) Tj ET Q q 0 0 0 rg BT 220.88 492.10 Td (result ) Tj ET Q q 0 0 0 rg BT 245.60 492.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.43 492.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.14 492.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 299.76 492.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.69 492.10 Td (nature ) Tj ET Q q 0 0 0 rg BT 344.18 492.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.01 492.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 401.39 492.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 443.32 492.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.26 492.10 Td (sales.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Item 4. ) Tj ET Q q 0 0 0 rg BT 104.00 430.10 Td (Contr) Tj ET Q q 0 0 0 rg BT 129.37 430.10 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 172.53 430.10 Td (ocedur) Tj ET Q q 0 0 0 rg BT 201.79 430.10 Td (es) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.12 430.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 413.10 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 89.82 413.10 Td (e ) Tj ET Q q 0 0 0 rg BT 96.76 413.10 Td (Contr) Tj ET Q q 0 0 0 rg BT 122.13 413.10 Td (ols ) Tj ET Q q 0 0 0 rg BT 136.30 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.92 413.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 165.29 413.10 Td (ocedur) Tj ET Q q 0 0 0 rg BT 194.55 413.10 Td (es) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.88 413.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 396.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 77.50 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.22 396.10 Td (supervision ) Tj ET Q q 0 0 0 rg BT 140.84 396.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.78 396.10 Td (with ) Tj ET Q q 0 0 0 rg BT 178.07 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.79 396.10 Td (participation ) Tj ET Q q 0 0 0 rg BT 245.84 396.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.67 396.10 Td (our ) Tj ET Q q 0 0 0 rg BT 272.51 396.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 328.61 396.10 Td (including ) Tj ET Q q 0 0 0 rg BT 368.89 396.10 Td (our ) Tj ET Q q 0 0 0 rg BT 384.73 396.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 409.45 396.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 451.94 396.10 Td (Of) Tj ET Q q 0 0 0 rg BT 462.31 396.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 483.13 396.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.08 396.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 524.80 396.10 Td (Financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 384.10 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 384.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 78.29 384.10 Td (, ) Tj ET Q q 0 0 0 rg BT 83.02 384.10 Td (we ) Tj ET Q q 0 0 0 rg BT 96.91 384.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 140.23 384.10 Td (an ) Tj ET Q q 0 0 0 rg BT 151.90 384.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 195.79 384.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.35 384.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.80 384.10 Td (ef) Tj ET Q q 0 0 0 rg BT 228.38 384.10 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 275.04 384.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.60 384.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.05 384.10 Td (design ) Tj ET Q q 0 0 0 rg BT 328.39 384.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.06 384.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 385.05 384.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.62 384.10 Td (our ) Tj ET Q q 0 0 0 rg BT 411.18 384.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 453.96 384.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 488.40 384.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.07 384.10 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 553.67 384.10 Td (as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 372.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 82.63 372.10 Td (in ) Tj ET Q q 0 0 0 rg BT 93.04 372.10 Td (Rules13a-15\(e\) ) Tj ET Q q 0 0 0 rg BT 159.83 372.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.91 372.10 Td (15d-15\(e\) ) Tj ET Q q 0 0 0 rg BT 218.98 372.10 Td (under ) Tj ET Q q 0 0 0 rg BT 244.39 372.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.25 372.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 301.32 372.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 342.80 372.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 359.88 372.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.85 372.10 Td (1934 ) Tj ET Q q 0 0 0 rg BT 393.49 372.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 411.68 372.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 457.60 372.10 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 484.95 372.10 Td (as ) Tj ET Q q 0 0 0 rg BT 495.92 372.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.89 372.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.75 372.10 Td (end ) Tj ET Q q 0 0 0 rg BT 538.83 372.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 372.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 360.10 Td (period ) Tj ET Q q 0 0 0 rg BT 77.05 360.10 Td (covered ) Tj ET Q q 0 0 0 rg BT 110.19 360.10 Td (by ) Tj ET Q q 0 0 0 rg BT 121.69 360.10 Td (this ) Tj ET Q q 0 0 0 rg BT 137.64 360.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 175.24 360.10 Td (report. ) Tj ET Q q 0 0 0 rg BT 203.11 360.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 229.05 360.10 Td (on ) Tj ET Q q 0 0 0 rg BT 240.55 360.10 Td (this ) Tj ET Q q 0 0 0 rg BT 256.50 360.10 Td (evaluation, ) Tj ET Q q 0 0 0 rg BT 302.15 360.10 Td (our ) Tj ET Q q 0 0 0 rg BT 316.98 360.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 340.70 360.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 382.18 360.10 Td (Of) Tj ET Q q 0 0 0 rg BT 392.55 360.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 412.37 360.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.31 360.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 452.03 360.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 490.74 360.10 Td (Of) Tj ET Q q 0 0 0 rg BT 501.11 360.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 520.92 360.10 Td (concluded ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 348.10 Td (that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 66.85 348.10 Td (as ) Tj ET Q q 0 0 0 rg BT 77.03 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.22 348.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.29 348.10 Td (period ) Tj ET Q q 0 0 0 rg BT 128.69 348.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 154.42 348.10 Td (September ) Tj ET Q q 0 0 0 rg BT 199.04 348.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 213.40 348.10 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.40 348.10 Td ( ) Tj ET Q q 0 0 0 rg BT 235.25 348.10 Td (that ) Tj ET Q q 0 0 0 rg BT 252.10 348.10 Td (our ) Tj ET Q q 0 0 0 rg BT 267.28 348.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 309.69 348.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 343.76 348.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.05 348.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 405.77 348.10 Td (were ) Tj ET Q q 0 0 0 rg BT 427.05 348.10 Td (ef) Tj ET Q q 0 0 0 rg BT 434.64 348.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 463.70 348.10 Td (such ) Tj ET Q q 0 0 0 rg BT 483.88 348.10 Td (that ) Tj ET Q q 0 0 0 rg BT 500.73 348.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.80 348.10 Td (information ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 336.10 Td (required ) Tj ET Q q 0 0 0 rg BT 86.17 336.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.81 336.10 Td (be ) Tj ET Q q 0 0 0 rg BT 109.11 336.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 149.18 336.10 Td (in ) Tj ET Q q 0 0 0 rg BT 159.82 336.10 Td (our ) Tj ET Q q 0 0 0 rg BT 176.01 336.10 Td (United ) Tj ET Q q 0 0 0 rg BT 206.09 336.10 Td (States ) Tj ET Q q 0 0 0 rg BT 232.83 336.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 275.12 336.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.42 336.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 334.70 336.10 Td (Commission ) Tj ET Q q 0 0 0 rg BT 388.13 336.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 406.54 336.10 Td (SEC\) ) Tj ET Q q 0 0 0 rg BT 439.94 336.10 Td (reportsis ) Tj ET Q q 0 0 0 rg BT 479.74 336.10 Td (recorded, ) Tj ET Q q 0 0 0 rg BT 520.07 336.10 Td (processed, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 324.10 Td (summarized ) Tj ET Q q 0 0 0 rg BT 101.10 324.10 Td (and ) Tj ET Q q 0 0 0 rg BT 117.78 324.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 153.32 324.10 Td (within ) Tj ET Q q 0 0 0 rg BT 181.11 324.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.56 324.10 Td (time ) Tj ET Q q 0 0 0 rg BT 215.57 324.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 247.24 324.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 285.57 324.10 Td (in ) Tj ET Q q 0 0 0 rg BT 295.58 324.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 316.15 324.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 337.82 324.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.50 324.10 Td (forms, ) Tj ET Q q 0 0 0 rg BT 382.56 324.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.23 324.10 Td (is ) Tj ET Q q 0 0 0 rg BT 408.13 324.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 460.89 324.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.56 324.10 Td (communicated ) Tj ET Q q 0 0 0 rg BT 538.66 324.10 Td (to ) Tj ET Q q 0 0 0 rg BT 548.68 324.10 Td (our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 312.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 105.27 312.10 Td (including ) Tj ET Q q 0 0 0 rg BT 144.72 312.10 Td (our ) Tj ET Q q 0 0 0 rg BT 159.72 312.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 183.62 312.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 225.28 312.10 Td (Of) Tj ET Q q 0 0 0 rg BT 235.65 312.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 255.64 312.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.76 312.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 295.65 312.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 334.54 312.10 Td (Of) Tj ET Q q 0 0 0 rg BT 344.91 312.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 362.82 312.10 Td (, ) Tj ET Q q 0 0 0 rg BT 367.00 312.10 Td (as ) Tj ET Q q 0 0 0 rg BT 377.01 312.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 424.22 312.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.67 312.10 Td (allow ) Tj ET Q q 0 0 0 rg BT 457.57 312.10 Td (timely ) Tj ET Q q 0 0 0 rg BT 484.80 312.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 523.69 312.10 Td (regarding ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 300.10 Td (required ) Tj ET Q q 0 0 0 rg BT 85.82 300.10 Td (disclosure.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 87.50 283.10 Td (Contr) Tj ET Q q 0 0 0 rg BT 112.87 283.10 Td (ol ) Tj ET Q q 0 0 0 rg BT 123.15 283.10 Td (over) Tj ET Q q 0 0 0 rg BT 141.85 283.10 Td ( ) Tj ET Q q 0 0 0 rg BT 144.35 283.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 186.85 283.10 Td (Reporting) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.18 283.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (There ) Tj ET Q q 0 0 0 rg BT 76.47 266.10 Td (were ) Tj ET Q q 0 0 0 rg BT 99.06 266.10 Td (no ) Tj ET Q q 0 0 0 rg BT 112.21 266.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 147.58 266.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.51 266.10 Td (our ) Tj ET Q q 0 0 0 rg BT 175.00 266.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 208.70 266.10 Td (control ) Tj ET Q q 0 0 0 rg BT 240.18 266.10 Td (over ) Tj ET Q q 0 0 0 rg BT 261.11 266.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 299.24 266.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 339.06 266.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 353.87 266.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 387.01 266.10 Td (in ) Tj ET Q q 0 0 0 rg BT 397.95 266.10 Td (Rules ) Tj ET Q q 0 0 0 rg BT 423.88 266.10 Td (13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 464.80 266.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.40 266.10 Td (15d-15\(f\) ) Tj ET Q q 0 0 0 rg BT 523.87 266.10 Td (under ) Tj ET Q q 0 0 0 rg BT 549.80 266.10 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 90.54 254.10 Td (Act\) ) Tj ET Q q 0 0 0 rg BT 109.73 254.10 Td (that ) Tj ET Q q 0 0 0 rg BT 126.15 254.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 162.56 254.10 Td (during ) Tj ET Q q 0 0 0 rg BT 190.09 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.74 254.10 Td (period ) Tj ET Q q 0 0 0 rg BT 230.71 254.10 Td (covered ) Tj ET Q q 0 0 0 rg BT 263.78 254.10 Td (by ) Tj ET Q q 0 0 0 rg BT 275.21 254.10 Td (this ) Tj ET Q q 0 0 0 rg BT 291.09 254.10 Td (report ) Tj ET Q q 0 0 0 rg BT 316.39 254.10 Td (that ) Tj ET Q q 0 0 0 rg BT 332.81 254.10 Td (has ) Tj ET Q q 0 0 0 rg BT 347.57 254.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 389.53 254.10 Td (af) Tj ET Q q 0 0 0 rg BT 397.12 254.10 Td (fected, ) Tj ET Q q 0 0 0 rg BT 425.47 254.10 Td (or ) Tj ET Q q 0 0 0 rg BT 435.23 254.10 Td (is ) Tj ET Q q 0 0 0 rg BT 443.33 254.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 488.07 254.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 512.27 254.10 Td (to ) Tj ET Q q 0 0 0 rg BT 521.48 254.10 Td (materially ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 242.10 Td (fect, ) Tj ET Q q 0 0 0 rg BT 77.57 242.10 Td (our ) Tj ET Q q 0 0 0 rg BT 93.40 242.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 126.45 242.10 Td (control ) Tj ET Q q 0 0 0 rg BT 157.27 242.10 Td (over ) Tj ET Q q 0 0 0 rg BT 177.54 242.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 215.02 242.10 Td (reporting.) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 81 0 obj <>] /Rotate 0 /Contents 82 0 R>> endobj 82 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (40) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (P) Tj ET Q q 0 0 0 rg BT 55.37 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 69.46 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 75.95 742.25 Td ( II. OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 177.99 742.25 Td (TION) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 716.25 Td (Item 1. ) Tj ET Q q 0 0 0 rg BT 104.00 716.25 Td (Legal Pr) Tj ET Q q 0 0 0 rg BT 140.75 716.25 Td (oceedings:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (In ) Tj ET Q q 0 0 0 rg BT 61.59 701.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 108.71 701.25 Td (with ) Tj ET Q q 0 0 0 rg BT 129.75 701.25 Td (its ) Tj ET Q q 0 0 0 rg BT 142.45 701.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 189.86 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.34 701.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 247.48 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 265.17 701.25 Td (its ) Tj ET Q q 0 0 0 rg BT 277.88 701.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 319.45 701.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 369.92 701.25 Td (are, ) Tj ET Q q 0 0 0 rg BT 387.88 701.25 Td (from ) Tj ET Q q 0 0 0 rg BT 410.58 701.25 Td (time ) Tj ET Q q 0 0 0 rg BT 431.61 701.25 Td (to ) Tj ET Q q 0 0 0 rg BT 442.64 701.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 466.17 701.25 Td (named ) Tj ET Q q 0 0 0 rg BT 496.08 701.25 Td (as ) Tj ET Q q 0 0 0 rg BT 507.67 701.25 Td (defendants ) Tj ET Q q 0 0 0 rg BT 554.24 701.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 80.63 689.25 Td (for ) Tj ET Q q 0 0 0 rg BT 94.58 689.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 131.87 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 148.61 689.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 170.91 689.25 Td (allegedly ) Tj ET Q q 0 0 0 rg BT 209.86 689.25 Td (sustained ) Tj ET Q q 0 0 0 rg BT 249.38 689.25 Td (by ) Tj ET Q q 0 0 0 rg BT 261.67 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.19 689.25 Td (plaintif) Tj ET Q q 0 0 0 rg BT 304.89 689.25 Td (fs. ) Tj ET Q q 0 0 0 rg BT 316.75 689.25 Td (While ) Tj ET Q q 0 0 0 rg BT 343.48 689.25 Td (it ) Tj ET Q q 0 0 0 rg BT 351.34 689.25 Td (is ) Tj ET Q q 0 0 0 rg BT 360.31 689.25 Td (not ) Tj ET Q q 0 0 0 rg BT 375.39 689.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 410.46 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 420.54 689.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 456.16 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 470.68 689.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 507.41 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 518.04 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.56 689.25 Td (various ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 677.25 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 99.79 677.25 Td (at ) Tj ET Q q 0 0 0 rg BT 108.48 677.25 Td (this ) Tj ET Q q 0 0 0 rg BT 124.40 677.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 146.15 677.25 Td (such ) Tj ET Q q 0 0 0 rg BT 165.95 677.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 195.75 677.25 Td (have ) Tj ET Q q 0 0 0 rg BT 216.10 677.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 254.78 677.25 Td (been ) Tj ET Q q 0 0 0 rg BT 275.13 677.25 Td (resolved ) Tj ET Q q 0 0 0 rg BT 310.48 677.25 Td (with ) Tj ET Q q 0 0 0 rg BT 329.73 677.25 Td (minimal ) Tj ET Q q 0 0 0 rg BT 364.53 677.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 400.99 677.25 Td (or ) Tj ET Q q 0 0 0 rg BT 410.80 677.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 444.48 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 453.73 677.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 481.30 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 491.11 677.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 526.47 677.25 Td (provided ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.66 665.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 123.04 665.25 Td (does ) Tj ET Q q 0 0 0 rg BT 143.87 665.25 Td (not ) Tj ET Q q 0 0 0 rg BT 159.15 665.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 190.52 665.25 Td (that ) Tj ET Q q 0 0 0 rg BT 208.02 665.25 Td (it ) Tj ET Q q 0 0 0 rg BT 216.07 665.25 Td (will ) Tj ET Q q 0 0 0 rg BT 234.13 665.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 257.18 665.25 Td (any ) Tj ET Q q 0 0 0 rg BT 274.12 665.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 318.83 665.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 361.32 665.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 379.38 665.25 Td (or ) Tj ET Q q 0 0 0 rg BT 390.21 665.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 424.92 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 435.20 665.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 481.57 665.25 Td (with ) Tj ET Q q 0 0 0 rg BT 501.85 665.25 Td (such ) Tj ET Q q 0 0 0 rg BT 522.68 665.25 Td (actions. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 648.25 Td (Item 1A. ) Tj ET Q q 0 0 0 rg BT 104.00 648.25 Td (Risk Factors:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 633.25 Td (In addition to the normal risks of business, we are subject to significant risks and uncertainties, including those listed below) Tj ET Q q 0 0 0 rg BT 543.97 633.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 621.25 Td (which apply to us as an insurer and a provider of other financial services. ) Tj ET Q q 0 0 0 rg BT 345.00 621.25 Td (These risks constitute our cautionary statements ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 609.25 Td (under the Private Securities Litigation Reform ) Tj ET Q q 0 0 0 rg BT 237.18 609.25 Td (Act of 1995 and readers should carefully review such cautionary statements as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 597.25 Td (they identify certain important factors that could cause actual results to dif) Tj ET Q q 0 0 0 rg BT 347.22 597.25 Td (fer materially from those in the forward-looking ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 585.25 Td (statements and historical trends. ) Tj ET Q q 0 0 0 rg BT 180.62 585.25 Td (These cautionary statements are not exclusive and are in addition to other factors discussed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 573.25 Td (elsewhere in this document, in our filings with the SEC or via SEDAR or in materials incorporated therein by reference.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 549.25 Td (Operational ) Tj ET Q q 0 0 0 rg BT 104.17 549.25 Td (Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 525.25 Td (Operational ) Tj ET Q q 0 0 0 rg BT 99.71 525.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 117.22 525.25 Td (is ) Tj ET Q q 0 0 0 rg BT 126.40 525.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.12 525.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 158.63 525.25 Td (that ) Tj ET Q q 0 0 0 rg BT 176.14 525.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.86 525.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 232.26 525.25 Td (is ) Tj ET Q q 0 0 0 rg BT 241.44 525.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 270.60 525.25 Td (to ) Tj ET Q q 0 0 0 rg BT 280.89 525.25 Td (deliver ) Tj ET Q q 0 0 0 rg BT 311.16 525.25 Td (its ) Tj ET Q q 0 0 0 rg BT 323.12 525.25 Td (products ) Tj ET Q q 0 0 0 rg BT 360.06 525.25 Td (or ) Tj ET Q q 0 0 0 rg BT 370.90 525.25 Td (services ) Tj ET Q q 0 0 0 rg BT 405.62 525.25 Td (to ) Tj ET Q q 0 0 0 rg BT 415.91 525.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 458.96 525.25 Td (or ) Tj ET Q q 0 0 0 rg BT 469.80 525.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 504.52 525.25 Td (vital ) Tj ET Q q 0 0 0 rg BT 524.80 525.25 Td (functions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 513.25 Td (required ) Tj ET Q q 0 0 0 rg BT 85.44 513.25 Td (to ) Tj ET Q q 0 0 0 rg BT 95.34 513.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 129.12 513.25 Td (its ) Tj ET Q q 0 0 0 rg BT 140.69 513.25 Td (business ) Tj ET Q q 0 0 0 rg BT 176.71 513.25 Td (in ) Tj ET Q q 0 0 0 rg BT 186.61 513.25 Td (an ) Tj ET Q q 0 0 0 rg BT 198.17 513.25 Td (ef) Tj ET Q q 0 0 0 rg BT 205.76 513.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 233.43 513.25 Td (and ) Tj ET Q q 0 0 0 rg BT 249.99 513.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 268.22 513.25 Td (ef) Tj ET Q q 0 0 0 rg BT 275.81 513.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 305.14 513.25 Td (manner) Tj ET Q q 0 0 0 rg BT 334.57 513.25 Td (. ) Tj ET Q q 0 0 0 rg BT 339.04 513.25 Td (This ) Tj ET Q q 0 0 0 rg BT 358.94 513.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 376.07 513.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 411.52 513.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.86 513.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 462.97 513.25 Td (for ) Tj ET Q q 0 0 0 rg BT 476.76 513.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 494.44 513.25 Td (from ) Tj ET Q q 0 0 0 rg BT 516.00 513.25 Td (such ) Tj ET Q q 0 0 0 rg BT 536.46 513.25 Td (events ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 501.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 501.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 501.25 Td (breakdown ) Tj ET Q q 0 0 0 rg BT 122.48 501.25 Td (or ) Tj ET Q q 0 0 0 rg BT 133.31 501.25 Td (inef) Tj ET Q q 0 0 0 rg BT 148.67 501.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 195.60 501.25 Td (of ) Tj ET Q q 0 0 0 rg BT 206.43 501.25 Td (processes, ) Tj ET Q q 0 0 0 rg BT 249.75 501.25 Td (human ) Tj ET Q q 0 0 0 rg BT 279.46 501.25 Td (errors, ) Tj ET Q q 0 0 0 rg BT 307.78 501.25 Td (technology ) Tj ET Q q 0 0 0 rg BT 354.72 501.25 Td (and ) Tj ET Q q 0 0 0 rg BT 371.66 501.25 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 428.02 501.25 Td (failures, ) Tj ET Q q 0 0 0 rg BT 463.00 501.25 Td (etc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 477.25 Td (The insurance subsidiaries' provisions for unpaid claims may be inadequate, which would result in a reduction in our net ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 465.25 Td (income and might adversely af) Tj ET Q q 0 0 0 rg BT 175.92 465.25 Td (fect our financial condition.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 441.25 Td (Our success depends upon our ability to accurately assess and price the risks covered by the insurance policies that we write. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 429.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 429.25 Td (e establish reserves to cover our estimated liability for the payment of losses and expenses related to the administration of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 417.25 Td (claims incurred on the insurance policies we write. Establishing an appropriate level of reserves is an inherently uncertain ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 405.25 Td (process. Our provisions for unpaid claims do not represent an exact calculation of actual liability) Tj ET Q q 0 0 0 rg BT 436.18 405.25 Td (, but are estimates involving ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 393.25 Td (actuarial and statistical projections at a given point in time of what we expect to be the cost of the ultimate settlement and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 381.25 Td (administration of known and unknown claims. ) Tj ET Q q 0 0 0 rg BT 238.40 381.25 Td (The process for establishing the provision for unpaid claims reflects the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 369.25 Td (uncertainties and significant judgmental factors inherent in estimating future results of both known and unknown claims and as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 357.25 Td (such, the process is inherently complex and imprecise. ) Tj ET Q q 0 0 0 rg BT 270.31 357.25 Td (These estimates are based upon various factors, including:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 333.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 333.25 Td (actuarial and statistical projections of the cost of settlement and administration of claims reflecting facts and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 321.25 Td (circumstances then known;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 309.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 309.25 Td (historical claims information;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 297.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 297.25 Td (assessments of currently available data;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 285.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 285.25 Td (estimates of future trends in claims severity and frequency;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 273.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 273.25 Td (judicial theories of liability;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 261.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 261.25 Td (economic factors such as inflation;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 249.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 249.25 Td (estimates and assumptions regarding judicial and legislative trends, and actions such as class action lawsuits ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 237.25 Td (and judicial interpretation of coverages or policy exclusions; and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 225.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 225.25 Td (the level of insurance fraud.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 201.25 Td (Most or all of these factors are not directly quantifiable, particularly on a prospective basis, and the ef) Tj ET Q q 0 0 0 rg BT 456.62 201.25 Td (fects of these and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 189.25 Td (unforeseen factors could negatively impact our ability to accurately assess the risks of the policies that we write. In addition, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 177.25 Td (there may be significant reporting lags between the occurrence of the insured event and the time it is actually reported to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 165.25 Td (insurer and additional lags between the time of reporting and final settlement of claims. Unfavorable development in any of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 153.25 Td (these factors could cause the level of reserves to be inadequate. ) Tj ET Q q 0 0 0 rg BT 305.26 153.25 Td (The following factors may have a substantial impact on future ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 141.25 Td (claims incurred:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 117.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 117.25 Td ( the amounts of claims payments;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 105.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 105.25 Td ( the expenses that the insurance subsidiaries incur in resolving claims;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 93.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 93.25 Td ( legislative and judicial developments; and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 81.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 81.25 Td ( changes in economic conditions, including inflation.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 57.25 Td (As time passes and more information about the claims becomes known, the estimates are appropriately adjusted upward or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 45.25 Td (downward to reflect this additional information. Because of the elements of uncertainty encompassed in this estimation ) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 83 0 obj <>] /Rotate 0 /Contents 84 0 R>> endobj 84 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (41) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (process, and the extended time it can take to settle many of the more substantial claims, several years of experience may be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (required before a meaningful comparison can be made between actual losses and the original provision for unpaid claims. ) Tj ET Q q 0 0 0 rg BT 539.38 730.10 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (development of the provision for unpaid claims is shown by the dif) Tj ET Q q 0 0 0 rg BT 318.38 718.10 Td (ference between estimates of claims as of the initial year end ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (and the re-estimated liability at each subsequent year end. Favorable development \(reserve redundancy\) means that the original ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (claims estimates were higher than subsequently determined or re-estimated. Unfavorable development \(reserve deficiency\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (means that the original claims estimates were lower than subsequently determined or re-estimated. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (For example, at the end of 2010, a detailed review of claim payment and reserving practices was performed, which led to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (significant changes in both practices, increasing ultimate loss estimates and accelerating claim payments. Reserves were ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (adjusted at that time by approximately $2.3 million to account for these changes, primarily during the second and third quarters ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (of 2010. ) Tj ET Q q 0 0 0 rg BT 85.65 622.10 Td (This review continued into 201) Tj ET Q q 0 0 0 rg BT 210.25 622.10 Td (1 and ) Tj ET Q q 0 0 0 rg BT 234.14 622.10 Td (Atlas recorded a $1.8 million adjustment to further strengthen its reserves for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (claims related to policies issued while the insurance subsidiaries were under previous ownership in years preceding 2010. ) Tj ET Q q 0 0 0 rg BT 538.57 610.10 Td (W) Tj ET Q q 0 0 0 rg BT 547.21 610.10 Td (e ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (cannot guarantee that we will not have additional unfavorable reserve developments in the future. In addition, we may in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (future acquire other insurance companies. ) Tj ET Q q 0 0 0 rg BT 219.75 586.10 Td (W) Tj ET Q q 0 0 0 rg BT 228.38 586.10 Td (e cannot guarantee that the provisions for unpaid claims of the companies that we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (acquire are or will be adequate. Government regulators could require that we increase reserves if they determine that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (provisions for unpaid claims are understated. Increases to the provision for unpaid claims causes a reduction in our insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (subsidiaries' surplus which could cause a downgrading of our insurance subsidiaries' ratings. ) Tj ET Q q 0 0 0 rg BT 422.14 550.10 Td (Any such downgrade could, in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (turn, adversely af) Tj ET Q q 0 0 0 rg BT 119.51 538.10 Td (fect their ability to sell insurance policies.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 512.90 Td (Our success depends on our ability to accurately price the risks we underwrite. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 488.90 Td (Our results of operations and financial condition depend on our ability to underwrite and set premium rates accurately for a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 476.90 Td (wide variety of risks. ) Tj ET Q q 0 0 0 rg BT 136.37 476.90 Td (Adequate rates are necessary to generate premiums suf) Tj ET Q q 0 0 0 rg BT 355.82 476.90 Td (ficient to pay losses, loss settlement expenses and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 464.90 Td (underwriting expenses and to earn a profit. ) Tj ET Q q 0 0 0 rg BT 223.65 464.90 Td (T) Tj ET Q q 0 0 0 rg BT 229.06 464.90 Td (o price our products accurately) Tj ET Q q 0 0 0 rg BT 352.25 464.90 Td (, we must collect and properly analyze a substantial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 452.90 Td (amount of data; develop, test and apply appropriate pricing techniques; closely monitor and timely recognize changes in trends; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 440.90 Td (and project both severity and frequency of losses with reasonable accuracy) Tj ET Q q 0 0 0 rg BT 348.68 440.90 Td (. Our ability to undertake these ef) Tj ET Q q 0 0 0 rg BT 482.62 440.90 Td (forts successfully) Tj ET Q q 0 0 0 rg BT 551.67 440.90 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 428.90 Td (and as a result price our products accurately) Tj ET Q q 0 0 0 rg BT 225.11 428.90 Td (, is subject to a number of risks and uncertainties, some of which are outside our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 416.90 Td (control, including: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 392.90 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 392.90 Td ( the availability of suf) Tj ET Q q 0 0 0 rg BT 209.57 392.90 Td (ficient reliable data and our ability to properly analyze available data; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 368.90 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 368.90 Td ( the uncertainties that inherently characterize estimates and assumptions; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 344.90 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 344.90 Td ( our selection and application of appropriate pricing techniques; and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.00 320.90 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 320.90 Td ( changes in applicable legal liability standards and in the civil litigation system generally) Tj ET Q q 0 0 0 rg BT 476.53 320.90 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 296.90 Td (Consequently) Tj ET Q q 0 0 0 rg BT 104.35 296.90 Td (, we could under price risks, which would adversely af) Tj ET Q q 0 0 0 rg BT 322.71 296.90 Td (fect our profit mar) Tj ET Q q 0 0 0 rg BT 396.11 296.90 Td (gins, or we could overprice risks, which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 284.90 Td (could reduce our sales volume and competitiveness. In either case, our profitability could be materially and adversely af) Tj ET Q q 0 0 0 rg BT 529.93 284.90 Td (fected.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 260.90 Td (Our insurance subsidiaries rely on independent agents and other producers to bind insurance policies on and to collect ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 248.90 Td (premiums from our policyholders, which exposes us to risks that our producers fail meet their obligations to us.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 224.90 Td (Our insurance subsidiaries market and distribute automobile insurance products through a network of independent agents and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 212.90 Td (other producers in the United States. ) Tj ET Q q 0 0 0 rg BT 198.02 212.90 Td (As a result, we rely heavily on these producers to attract new business. Independent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 200.90 Td (producers generally have the ability to bind insurance policies and collect premiums on our behalf, actions over which we have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 188.90 Td (a limited ability to exercise preventative control. In the event that an independent agent exceeds their authority by binding us on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 176.90 Td (a risk that does not comply with our underwriting guidelines, we may be at risk for that policy until we ef) Tj ET Q q 0 0 0 rg BT 471.67 176.90 Td (fect a cancellation. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 164.90 Td (Any improper use of such authority may result in losses that could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 422.49 164.90 Td (fect on our business, results of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 152.90 Td (operations and financial condition. In addition, in accordance with industry practice, policyholders often pay the premiums for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 140.90 Td (their policies to producers for payment to us. ) Tj ET Q q 0 0 0 rg BT 231.72 140.90 Td (These premiums may be considered paid when received by the producer and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 128.90 Td (thereafter the customer is no longer liable to us for those amounts, whether or not we have actually received these premium ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 116.90 Td (payments from the producer) Tj ET Q q 0 0 0 rg BT 162.47 116.90 Td (. Consequently) Tj ET Q q 0 0 0 rg BT 221.81 116.90 Td (, we assume a degree of risk associated with our reliance on independent agents in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 104.90 Td (connection with the settlement of insurance premium balances.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 80.90 Td (Our insurance subsidiaries may be unable to mitigate their risk or increase their underwriting capacity through reinsurance ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 68.90 Td (arrangements, which could adversely af) Tj ET Q q 0 0 0 rg BT 213.98 68.90 Td (fect our business, financial condition and results of operations. If reinsurance rates ) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 85 0 obj <>] /Rotate 0 /Contents 86 0 R>> endobj 86 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (42) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (rise significantly or reinsurance becomes unavailable or reinsurers are unable to pay our claims, we may be adversely ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (af) Tj ET Q q 0 0 0 rg BT 58.15 730.25 Td (fected.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (In order to reduce underwriting risk and increase underwriting capacity) Tj ET Q q 0 0 0 rg BT 334.52 706.25 Td (, our insurance subsidiaries transfer portions of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (insurance risk to other insurers through reinsurance contracts. ) Tj ET Q q 0 0 0 rg BT 298.91 694.25 Td (W) Tj ET Q q 0 0 0 rg BT 307.54 694.25 Td (e generally purchase reinsurance from third parties in order to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (reduce our liability on individual risks. Reinsurance does not relieve us of our primary liability to our insurance subsidiaries' ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (insureds. ) Tj ET Q q 0 0 0 rg BT 88.15 670.25 Td (Through the nine month period ended September 30, 2012, we had ceded premium written of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.44 670.25 Td ($4.9 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.33 670.25 Td (. ) Tj ET Q q 0 0 0 rg BT 518.15 670.25 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (availability) Tj ET Q q 0 0 0 rg BT 94.34 658.25 Td (, cost and structure of reinsurance protection are subject to prevailing market conditions that are outside of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (control and which may af) Tj ET Q q 0 0 0 rg BT 152.01 646.25 Td (fect our level of business and profitability) Tj ET Q q 0 0 0 rg BT 318.54 646.25 Td (. Our company's ability to provide insurance at competitive ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (premium rates and coverage limits on a continuing basis depends in part upon the extent to which we can obtain adequate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (reinsurance in amounts and at rates that will not adversely af) Tj ET Q q 0 0 0 rg BT 292.51 622.25 Td (fect our competitive position. ) Tj ET Q q 0 0 0 rg BT 412.58 622.25 Td (There are no assurances that we will ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (be able to maintain our current reinsurance facilities, which generally are subject to annual renewal. If we are unable to renew ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (any of these facilities upon their expiration or to obtain other reinsurance facilities in adequate amounts and at favorable rates, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (we may need to modify our company's underwriting practices or reduce our company's underwriting commitments, which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (could adversely af) Tj ET Q q 0 0 0 rg BT 123.12 574.25 Td (fect our results of operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (The insurance subsidiaries are subject to credit risk with respect to the obligations of reinsurers and certain of their ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (insureds. The inability of their risk sharing partners to meet their obligations could adversely af) Tj ET Q q 0 0 0 rg BT 443.46 538.25 Td (fect their profitability) Tj ET Q q 0 0 0 rg BT 530.85 538.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (Although the reinsurers are liable to us to the extent of risk ceded to them, we remain ultimately liable to policyholders on all ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (risks, even those reinsured. ) Tj ET Q q 0 0 0 rg BT 160.53 502.25 Td (As a result, ceded reinsurance arrangements do not limit our ultimate obligations to policyholders to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (pay claims. ) Tj ET Q q 0 0 0 rg BT 97.86 490.25 Td (W) Tj ET Q q 0 0 0 rg BT 106.50 490.25 Td (e are subject to credit risks with respect to the financial strength of our reinsurers. ) Tj ET Q q 0 0 0 rg BT 435.10 490.25 Td (W) Tj ET Q q 0 0 0 rg BT 443.74 490.25 Td (e are also subject to the risk ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (that their reinsurers may dispute their obligations to pay our claims. ) Tj ET Q q 0 0 0 rg BT 322.72 478.25 Td (As a result, we may not recover suf) Tj ET Q q 0 0 0 rg BT 464.16 478.25 Td (ficient amounts for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (claims that we submit to reinsurers, if at all. ) Tj ET Q q 0 0 0 rg BT 227.46 466.25 Td (As of September 30, 2012, we had an aggregate of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.40 466.25 Td ($7.0 million) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.29 466.25 Td ( of unsecured ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (reinsurance recoverables. In addition, our reinsurance agreements are subject to specified limits and we would not have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (reinsurance coverage to the extent that it exceeds those limits. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (W) Tj ET Q q 0 0 0 rg BT 59.04 418.25 Td (ith respect to insurance programs, the insurance subsidiaries are subject to credit risk with respect to the payment of claims ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (and on the portion of risk exposure either ceded to captives established by their clients or deductibles retained by their clients. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (No assurance can be given regarding the future ability of these entities to meet their obligations. ) Tj ET Q q 0 0 0 rg BT 436.64 394.25 Td (The inability of our risk ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (sharing partners to meet their obligations could adversely af) Tj ET Q q 0 0 0 rg BT 289.75 382.25 Td (fect profitability) Tj ET Q q 0 0 0 rg BT 354.35 382.25 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (The exclusions and limitations in our policies may not be enforceable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.62 358.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (Many of the policies we issue include exclusions or other conditions that define and limit coverage, which exclusions and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (conditions are designed to manage our exposure to certain types of risks and expanding theories of legal liability) Tj ET Q q 0 0 0 rg BT 499.50 322.25 Td (. In addition, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (many of our policies limit the period during which a policyholder may bring a claim under the policy) Tj ET Q q 0 0 0 rg BT 453.97 310.25 Td (, which period in many ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (cases is shorter than the statutory period under which these claims can be brought by our policyholders. ) Tj ET Q q 0 0 0 rg BT 466.38 298.25 Td (While these exclusions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (and limitations help us assess and control our loss exposure, it is possible that a court or regulatory authority could nullify or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (void an exclusion or limitation, or legislation could be enacted modifying or barring the use of these exclusions and limitations. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (This could result in higher than anticipated losses and claims handling expenses by extending coverage beyond our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (underwriting intent or increasing the number or size of claims, which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 458.28 250.25 Td (fect on our operating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (results. In some instances, these changes may not become apparent until some time after we have issued the insurance policies ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (that are af) Tj ET Q q 0 0 0 rg BT 89.79 226.25 Td (fected by the changes. ) Tj ET Q q 0 0 0 rg BT 180.59 226.25 Td (As a result, the full extent of liability under our insurance contracts may not be known for ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (many years after a policy is issued.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (The occurrence of severe catastrophic events may have a material adverse ef) Tj ET Q q 0 0 0 rg BT 364.46 190.25 Td (fect on our financial results and financial ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (condition.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (Although our business strategy generally precludes us from writing significant amounts of catastrophe exposed business, most ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (property and casualty insurance contains some exposure to catastrophic loss. ) Tj ET Q q 0 0 0 rg BT 358.90 142.25 Td (W) Tj ET Q q 0 0 0 rg BT 367.53 142.25 Td (e have only limited exposure to natural and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (man-made disasters, such as hurricane, typhoon, windstorm, flood, earthquake, acts of war) Tj ET Q q 0 0 0 rg BT 412.55 130.25 Td (, acts of terrorism and political ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (instability) Tj ET Q q 0 0 0 rg BT 89.35 118.25 Td (. ) Tj ET Q q 0 0 0 rg BT 94.17 118.25 Td (While we carefully manage our aggregate exposure to catastrophes, modeling errors and the incidence and severity ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (of catastrophes, such as hurricanes, windstorms and lar) Tj ET Q q 0 0 0 rg BT 270.03 106.25 Td (ge-scale terrorist attacks are inherently unpredictable, and our losses ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (from catastrophes could be substantial. In addition, it is possible we may experience an unusual frequency of smaller losses in a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (particular period. In either case, the consequences could be substantial volatility in our financial condition or results of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (operations for any fiscal quarter or year) Tj ET Q q 0 0 0 rg BT 207.86 70.25 Td (, which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 368.72 70.25 Td (fect on our our ability to write new business. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (These losses could deplete our shareholders' equity) Tj ET Q q 0 0 0 rg BT 253.87 58.25 Td (. Increases in the values and geographic concentrations of insured property ) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 87 0 obj <>] /Rotate 0 /Contents 88 0 R>> endobj 88 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (43) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (and the ef) Tj ET Q q 0 0 0 rg BT 89.24 742.10 Td (fects of inflation have resulted in increased severity of industry losses from catastrophic events in recent years and we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (expect that those factors will increase the severity of catastrophe losses in the future.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (The risk models we use to quantify catastrophe exposures and risk accumulations may prove inadequate in predicting all ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (outcomes from potential catastrophe events. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 670.10 Td (e use widely accepted and industry-recognized catastrophe risk modeling programs to help us quantify our aggregate ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (exposure to any one event. ) Tj ET Q q 0 0 0 rg BT 158.86 658.10 Td (As with any model of physical systems, particularly those with low frequencies of occurrence and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (potentially high severity of outcomes, the accuracy of the model's predictions is lar) Tj ET Q q 0 0 0 rg BT 381.80 646.10 Td (gely dependent on the accuracy and quality ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (of the data provided in the underwriting process and the judgments of our employees and other industry professionals. ) Tj ET Q q 0 0 0 rg BT 524.99 634.10 Td (These ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (models do not anticipate all potential perils or events that could result in a catastrophic loss to us. Furthermore, it is often ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 610.10 Td (ficult for models to anticipate and incorporate events that have not been experienced during or as a result of prior ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (catastrophes. ) Tj ET Q q 0 0 0 rg BT 103.87 598.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 153.21 598.10 Td (, it is possible for us to be subject to events or contingencies that have not been anticipated by our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (catastrophe risk models and which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 319.71 586.10 Td (fect on our reserves and results of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Financial Risks) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 538.10 Td (e are a holding company dependent on the results of operations of our subsidiaries and their ability to pay dividends and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (other distributions to us.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Atlas is a holding company with no significant operations of its own and a legal entity separate and distinct from our company's ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (insurance subsidiaries. ) Tj ET Q q 0 0 0 rg BT 142.48 490.10 Td (As a result, our company's only sources of income are dividends and other distributions from our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (insurance subsidiaries. ) Tj ET Q q 0 0 0 rg BT 142.85 478.10 Td (W) Tj ET Q q 0 0 0 rg BT 151.49 478.10 Td (e will be limited by the earnings of those subsidiaries, and the distribution or other payment of such ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (earnings to it in the form of dividends, loans, advances or the reimbursement of expenses. ) Tj ET Q q 0 0 0 rg BT 411.39 466.10 Td (The payment of dividends, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (making of loans and advances or the reimbursement of expenses by our insurance subsidiaries is contingent upon the earnings ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (of those subsidiaries and is subject to various business considerations and various statutory and regulatory restrictions imposed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (by the insurance laws of the domiciliary jurisdiction of such subsidiaries. In Illinois, the insurance subsidiaries' state of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (domicile, dividends may only be paid out of earned surplus and cannot be paid when the surplus of the company fails to meet ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (minimum requirements or when payment of the dividend or distribution would reduce its surplus to less than the minimum ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 84.81 394.10 Td (The state insurance regulator must be notified in advance of the payment of an extraordinary dividend and be given the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (opportunity to disapprove any such dividend. Our insurance subsidiaries cannot currently pay any dividends to ) Tj ET Q q 0 0 0 rg BT 497.41 382.10 Td (Atlas without ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (regulatory approval. In addition, prior to entering into any loan or certain other agreements between one or more of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (insurance companies and ) Tj ET Q q 0 0 0 rg BT 152.47 358.10 Td (Atlas or our other af) Tj ET Q q 0 0 0 rg BT 233.37 358.10 Td (filiates, advance notice must be provided to the state insurance regulator and the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (insurance regulator has the opportunity to disapprove such loan or agreement. ) Tj ET Q q 0 0 0 rg BT 365.74 346.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 415.64 346.10 Td (, insurance regulators have broad ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (powers to prevent reduction of statutory capital and surplus to inadequate levels and could refuse to permit the payment of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (dividends calculated under any applicable formula. ) Tj ET Q q 0 0 0 rg BT 256.31 322.10 Td (As a result, we may not be able to receive dividends or other distributions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (from our insurance subsidiaries at times and in amounts necessary to meet our operating needs, to pay dividends to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (shareholders or to pay corporate expenses. ) Tj ET Q q 0 0 0 rg BT 222.26 298.10 Td (The inability of our insurance subsidiaries to pay dividends or make other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (distributions could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 231.42 286.10 Td (fect on our business and financial condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (Our insurance subsidiaries are subject to minimum capital and surplus requirements. Failure to meet these requirements ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (could subject us to regulatory action.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (Our insurance company subsidiaries are subject to minimum capital and surplus requirements imposed under the laws of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (Illinois and each state in which they issue policies. ) Tj ET Q q 0 0 0 rg BT 254.40 214.10 Td (Any failure by one of our insurance subsidiaries to meet minimum capital ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (and surplus requirements imposed by applicable state law will subject it to corrective action, which may include requiring ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (adoption of a comprehensive financial plan, revocation of its license to sell insurance products or placing the subsidiary under ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (state regulatory control. ) Tj ET Q q 0 0 0 rg BT 147.19 178.10 Td (Any new minimum capital and surplus requirements adopted in the future may require us to increase ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (the capital and surplus of our insurance company subsidiaries, which we may not be able to do.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 142.10 Td (e are subject to assessments and other surcharges from state guaranty funds, mandatory reinsurance arrangements and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (state insurance facilities, which may reduce our profitability) Tj ET Q q 0 0 0 rg BT 297.41 130.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (V) Tj ET Q q 0 0 0 rg BT 56.62 106.10 Td (irtually all states require insurers licensed to do business therein to bear a portion of the unfunded obligations of impaired or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (insolvent insurance companies. ) Tj ET Q q 0 0 0 rg BT 177.56 94.10 Td (These obligations are funded by assessments, which are levied by guaranty associations within ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (the state, up to prescribed limits, on all member insurers in the state on the basis of the proportionate share of the premiums ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (written by member insurers in the lines of business in which the impaired, insolvent or failed insurer was engaged. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 99.34 58.10 Td (, the assessments levied on us by the states in which we are licensed to write insurance may increase as we increase ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (our premiums written. In addition, as a condition to the ability to conduct business in certain states, insurance companies are ) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 89 0 obj <>] /Rotate 0 /Contents 90 0 R>> endobj 90 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (44) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (required to participate in mandatory reinsurance funds. ) Tj ET Q q 0 0 0 rg BT 271.96 742.10 Td (The ef) Tj ET Q q 0 0 0 rg BT 297.59 742.10 Td (fect of these assessments and mandatory reinsurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (arrangements, or changes in them, could reduce our profitability in any given period or limit our ability to grow our business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Market fluctuations, changes in interest rates or a need to generate liquidity could have significant and negative ef) Tj ET Q q 0 0 0 rg BT 521.49 706.10 Td (fects on ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (our investment portfolio. ) Tj ET Q q 0 0 0 rg BT 154.27 694.10 Td (W) Tj ET Q q 0 0 0 rg BT 162.42 694.10 Td (e may not be able to realize our investment objectives, which could significantly reduce our net ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (income.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 658.10 Td (e depend on income from our securities portfolio for a substantial portion of our earnings. Investment returns are an ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (important part of overall profitability) Tj ET Q q 0 0 0 rg BT 197.64 646.10 Td (. ) Tj ET Q q 0 0 0 rg BT 202.09 646.10 Td (A) Tj ET Q q 0 0 0 rg BT 208.76 646.10 Td ( significant decline in investment yields in the securities portfolio or an impairment of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (securities owned could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 248.34 634.10 Td (fect on our business, results of operations and financial condition. ) Tj ET Q q 0 0 0 rg BT 513.65 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 522.29 634.10 Td (e ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (currently maintain and intend to continue to maintain a securities portfolio comprised primarily of fixed income securities. ) Tj ET Q q 0 0 0 rg BT 542.08 622.10 Td (As ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (of September 30, 2012, the majority of the investment portfolio was invested in fixed income securities. ) Tj ET Q q 0 0 0 rg BT 468.33 610.10 Td (W) Tj ET Q q 0 0 0 rg BT 476.97 610.10 Td (e cannot predict ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (which industry sectors in which we maintain investments may suf) Tj ET Q q 0 0 0 rg BT 313.38 598.10 Td (fer losses as a result of potential declines in commercial and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (economic activity) Tj ET Q q 0 0 0 rg BT 120.71 586.10 Td (, or how any such decline might impact the ability of companies within the af) Tj ET Q q 0 0 0 rg BT 430.18 586.10 Td (fected industry sectors to pay ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (interest or principal on their securities and cannot predict how or to what extent the value of any underlying collateral might be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 562.10 Td (fected. ) Tj ET Q q 0 0 0 rg BT 86.46 562.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 135.80 562.10 Td (, adverse fluctuations in the fixed income or equity markets could adversely impact profitability) Tj ET Q q 0 0 0 rg BT 518.36 562.10 Td (, financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (condition or cash flows. Historically) Tj ET Q q 0 0 0 rg BT 195.16 550.10 Td (, we have not had the need to sell our investments to generate liquidity) Tj ET Q q 0 0 0 rg BT 476.66 550.10 Td (. If we are forced to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (sell portfolio securities that have unrealized losses for liquidity purposes rather than holding them to maturity or recovery) Tj ET Q q 0 0 0 rg BT 535.05 538.10 Td (, we ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (would recognize investment losses on those securities when that determination was made.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Our ability to achieve our investment objectives is af) Tj ET Q q 0 0 0 rg BT 261.43 502.10 Td (fected by general economic conditions that are beyond our control. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (General economic conditions can adversely af) Tj ET Q q 0 0 0 rg BT 234.46 490.10 Td (fect the markets for interest rate sensitive securities, including the extent and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (timing of investor participation in such markets, the level and volatility of interest rates and, consequently) Tj ET Q q 0 0 0 rg BT 472.85 478.10 Td (, the value of fixed ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (maturity securities. U.S. and global markets have been experiencing volatility since mid-2007. Initiatives taken by the U.S. and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (foreign governments have helped to stabilize the financial markets and restore liquidity to the banking system and credit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (markets. In addition, markets in the United States and around the world experienced volatility in 201) Tj ET Q q 0 0 0 rg BT 452.58 442.10 Td (1 due, in part, to sovereign ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (debt downgrades. ) Tj ET Q q 0 0 0 rg BT 124.99 430.10 Td (Although economic conditions and financial markets have somewhat stabilized, if market conditions were to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (deteriorate, our investment portfolio could be adversely af) Tj ET Q q 0 0 0 rg BT 282.51 418.10 Td (fected. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Dif) Tj ET Q q 0 0 0 rg BT 63.15 394.10 Td (ficult conditions in the economy generally may materially adversely af) Tj ET Q q 0 0 0 rg BT 351.54 394.10 Td (fect our business, results of operations, and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (statement of financial position and these conditions may not improve in the near future.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Current market conditions and the instability in the global financial markets present additional risks and uncertainties for our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (business. In particular) Tj ET Q q 0 0 0 rg BT 137.63 346.10 Td (, deterioration in the public debt markets could lead to additional investment losses and an erosion of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (capital as a result of a reduction in the fair value of investment securities. ) Tj ET Q q 0 0 0 rg BT 344.99 334.10 Td (The severe downturn in the public debt and equity ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (markets, reflecting uncertainties associated with the mortgage crisis, worsening economic conditions, widening of credit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (spreads, bankruptcies and government intervention in lar) Tj ET Q q 0 0 0 rg BT 277.25 310.10 Td (ge financial institutions, created significant unrealized losses in our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (securities portfolio at certain stages in 2009. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (Economic uncertainty has recently been exacerbated by the increased potential for default by one or more European sovereign ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (debt issuers, the potential partial or complete dissolution of the Eurozone and its common currency and the negative impact of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (such events on global financial institutions and capital markets generally) Tj ET Q q 0 0 0 rg BT 340.10 250.10 Td (. ) Tj ET Q q 0 0 0 rg BT 344.55 250.10 Td (Actions or inactions of European governments may ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (impact these actual or perceived risks. In the U.S. during 201) Tj ET Q q 0 0 0 rg BT 294.28 238.10 Td (1, one rating agency downgraded the U.S.'s long-term debt credit ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (rating from ) Tj ET Q q 0 0 0 rg BT 97.21 226.10 Td (AAA. Future actions or inactions of the United States government, including a shutdown of the federal government, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (could increase the actual or perceived risk that the U.S. may not ultimately pay its obligations when due and may disrupt ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (financial markets.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 178.10 Td (e and our investment manager consider these issues in connection with current asset allocation decisions with the object of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (avoiding them going forward. However) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 208.57 166.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.57 166.10 Td (depending on market conditions going forward, we could again incur substantial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (realized and additional unrealized losses in future periods, which could have an adverse impact on the results of operations and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (financial condition. ) Tj ET Q q 0 0 0 rg BT 130.07 142.10 Td (There can be no assurance that the current market conditions will improve in the near future. ) Tj ET Q q 0 0 0 rg BT 502.81 142.10 Td (W) Tj ET Q q 0 0 0 rg BT 511.45 142.10 Td (e could also ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (experience a reduction in capital in the insurance subsidiaries below levels required by the regulators in the jurisdictions in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (which we operate. Certain trust accounts for the benefit of related companies and third parties have been established with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (collateral on deposit under the terms and conditions of the relevant trust agreements. ) Tj ET Q q 0 0 0 rg BT 390.27 106.10 Td (The value of collateral could fall below ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (the levels required under these agreements putting the subsidiary or subsidiaries in breach of the agreement.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 70.10 Td (e may not have access to capital in the future.) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 91 0 obj <>] /Rotate 0 /Contents 92 0 R>> endobj 92 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (45) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 742.10 Td (e may need new or additional financing in the future to conduct our operations, or expand our business. However) Tj ET Q q 0 0 0 rg BT 510.88 742.10 Td (, we may be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (unable to raise capital on favorable terms, or at all, including as a result of disruptions, uncertainty and volatility in the global ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (credit markets, or due to any sustained weakness in the general economic conditions and/or financial markets in Canada, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (United States or globally) Tj ET Q q 0 0 0 rg BT 149.06 706.10 Td (. From time-to-time, we may rely on access to financial markets as a source of liquidity for operations, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (acquisitions and general corporate purposes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (The limited public float and trading volume for our shares may have an adverse impact on the share price or make it ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 658.10 Td (ficult to liquidate.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Our securities are held by a relatively small number of shareholders. Future sales of substantial amounts of our shares in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (public market, or the perception that these sales could occur) Tj ET Q q 0 0 0 rg BT 289.51 622.10 Td (, may adversely impact the market price of our shares and our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (shares could be dif) Tj ET Q q 0 0 0 rg BT 125.07 610.10 Td (ficult to liquidate.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Our ordinary shares may be listed on both the TSXV) Tj ET Q q 0 0 0 rg BT 266.24 586.10 Td ( and the NASDAQ which may increase the volatility of our ordinary ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (share price on both exchanges.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Upon completion of the of) Tj ET Q q 0 0 0 rg BT 155.91 550.10 Td (fering, we expect our ordinary shares to be dual listed on NASDAQ and the ) Tj ET Q q 0 0 0 rg BT 461.48 550.10 Td (TSX ) Tj ET Q q 0 0 0 rg BT 482.69 550.10 Td (V) Tj ET Q q 0 0 0 rg BT 488.80 550.10 Td (enture Exchange. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (However) Tj ET Q q 0 0 0 rg BT 86.25 538.10 Td (, once our ordinary shares are dual listed, the trading volume of our ordinary shares on each particular exchange may ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (decrease. ) Tj ET Q q 0 0 0 rg BT 88.86 526.10 Td (As a result of this diminished trading volume, the stock price of our ordinary shares may be more volatile.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Our business depends upon key employees, and if we are unable to retain the services of these key employees or to attract ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (and retain additional qualified personnel, our business may suf) Tj ET Q q 0 0 0 rg BT 310.70 490.10 Td (fer) Tj ET Q q 0 0 0 rg BT 321.81 490.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 467.10 Td (Our operations depend, to a great extent, upon the ability of executive management and other key employees to implement our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (business strategy and our ability to attract and retain additional qualified personnel in the future. ) Tj ET Q q 0 0 0 rg BT 436.93 455.10 Td (The loss of the services of any ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (of our key employees, or the inability to identify) Tj ET Q q 0 0 0 rg BT 243.47 443.10 Td (, hire and retain other highly qualified personnel in the future, could adversely ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 431.10 Td (fect the quality and profitability of our business operations. In addition, our company must forecast volume and other factors ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 419.10 Td (in changing business environments with reasonable accuracy and adjust our hiring and employment levels accordingly) Tj ET Q q 0 0 0 rg BT 523.66 419.10 Td (. Our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 407.10 Td (failure to recognize the need for such adjustments, or our failure or inability to react appropriately on a timely basis, could lead ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 395.10 Td (our company either to over) Tj ET Q q 0 0 0 rg BT 158.10 395.10 Td (-staf) Tj ET Q q 0 0 0 rg BT 175.68 395.10 Td (fing \(which could adversely af) Tj ET Q q 0 0 0 rg BT 297.68 395.10 Td (fect our cost structure\) or under) Tj ET Q q 0 0 0 rg BT 423.82 395.10 Td (-staf) Tj ET Q q 0 0 0 rg BT 441.41 395.10 Td (fing \(which could impair our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 383.10 Td (ability to service current product lines and new lines of business\). In either event, our financial results and customer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 371.10 Td (relationships could be adversely af) Tj ET Q q 0 0 0 rg BT 188.66 371.10 Td (fected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (Compliance Risks) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 323.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 323.10 Td (e are subject to comprehensive regulation, and our results may be unfavorably impacted by these regulations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (As a holding company which owns insurance companies domiciled in the United States, we and our insurance subsidiaries are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 287.10 Td (subject to comprehensive laws and regulations. ) Tj ET Q q 0 0 0 rg BT 241.16 287.10 Td (These laws and regulations generally delegate regulatory) Tj ET Q q 0 0 0 rg BT 468.19 287.10 Td (, supervisory and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 275.10 Td (administrative powers to state insurance regulators. Insurance regulations are generally designed to protect policyholders rather ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 263.10 Td (than shareholders, and are related to matters including:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 239.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 239.10 Td (rate setting;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 227.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 227.10 Td (the National ) Tj ET Q q 0 0 0 rg BT 173.10 227.10 Td (Association of Insurance Commissioner's Risk Based Capital \(RBC\) ratio and solvency ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 215.10 Td (standards, as adopted by the state insurance departments which regulate our subsidiaries;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 203.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 203.10 Td (restrictions on the amount, type, nature, quality and quantity of securities in which insurers may invest;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 191.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 191.10 Td (the maintenance of adequate reserves for unearned premiums and unpaid claims;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 179.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 179.10 Td (restrictions on the types of terms that can be included in insurance policies;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 167.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 167.10 Td (standards for accounting;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 155.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 155.10 Td (marketing practices;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 143.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 143.10 Td (claims settlement practices;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 131.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 131.10 Td (the examination of insurance companies by regulatory authorities, including periodic financial and market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 119.10 Td (conduct examinations;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 107.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 107.10 Td (the licensing of insurers and their agents;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 95.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 95.10 Td (limitations on dividends and transactions with af) Tj ET Q q 0 0 0 rg BT 316.23 95.10 Td (filiates;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 83.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 83.10 Td (approval of certain reinsurance transactions; and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 71.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 71.10 Td (insolvency proceedings.) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 93 0 obj <>] /Rotate 0 /Contents 94 0 R>> endobj 94 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (46) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Such rules and regulations are expected to increase our legal and financial compliance costs and to make some activities more ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (time-consuming and costly) Tj ET Q q 0 0 0 rg BT 157.67 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 162.11 730.10 Td (A) Tj ET Q q 0 0 0 rg BT 168.78 730.10 Td ( significant amount of resources has been committed to monitor and address any internal control ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (issues, and failure to do so could adversely impact operating results. State insurance departments also conduct periodic ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (examinations of the af) Tj ET Q q 0 0 0 rg BT 138.96 706.10 Td (fairs of insurance companies and require filing of annual and other reports relating to the financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (condition of insurance companies, holding company issues and other matters. Our business depends on compliance with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (applicable laws and regulations and our ability to maintain valid licenses and approvals for our operations. Regulatory ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (authorities may deny or revoke licenses for various reasons, including violations of regulations. Changes in the level of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (regulation of the insurance industry or changes in laws or regulations themselves or interpretations by regulatory authorities ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (could have a material adverse af) Tj ET Q q 0 0 0 rg BT 178.92 646.10 Td (fect on our operations. In addition, we could face individual, group and class-action lawsuits by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (our policyholders and others for alleged violations of certain state laws and regulations. Each of these regulatory risks could ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (have an adverse ef) Tj ET Q q 0 0 0 rg BT 123.94 622.10 Td (fect on our profitability) Tj ET Q q 0 0 0 rg BT 216.88 622.10 Td (. It is not possible to predict the future impact of changing federal and state ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (regulation on our operations, and there can be no assurance that laws and regulations enacted in the future will not be more ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (restrictive than existing laws and regulations. New or more restrictive regulations, including changes in current tax or other ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (regulatory interpretations af) Tj ET Q q 0 0 0 rg BT 161.44 586.10 Td (fecting an alternative risk transfer insurance model, could make it more expensive for our company ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (to conduct our businesses, restrict the premiums our subsidiaries are able to char) Tj ET Q q 0 0 0 rg BT 371.67 574.10 Td (ge or otherwise change the way it does ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (business. In addition, economic and financial market turmoil may result in U.S. federal oversight of the insurance industry in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (general.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Our business is subject to risks related to litigation and regulatory actions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 502.10 Td (e may from time-to-time be subject to a variety of legal and regulatory actions relating to our current and past business ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (operations, including, but not limited to:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 466.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 466.10 Td (disputes over coverage or claims adjudication, including claims alleging that we have acted in bad faith in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 454.10 Td (administration of claims by our policyholders;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 442.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 442.10 Td (disputes regarding sales practices, disclosure, premium refunds, licensing, regulatory compliance and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 430.10 Td (compensation arrangements;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 418.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 418.10 Td (limitations on the conduct of our business;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 406.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 406.10 Td (disputes with our agents, producers or network providers over compensation and termination of contracts and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 394.10 Td (related claims;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 382.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 382.10 Td (disputes with taxing authorities regarding tax liabilities; and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 370.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 370.10 Td (disputes relating to certain businesses acquired or disposed of by us.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (As insurance industry practices and regulatory) Tj ET Q q 0 0 0 rg BT 235.12 346.10 Td (, judicial and industry conditions change, unexpected and unintended issues ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (related to pricing, claims, coverage and business practices may emer) Tj ET Q q 0 0 0 rg BT 323.88 334.10 Td (ge. Plaintif) Tj ET Q q 0 0 0 rg BT 367.58 334.10 Td (fs often tar) Tj ET Q q 0 0 0 rg BT 410.71 334.10 Td (get P&C insurers in purported class ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (action litigation relating to claims handling and insurance sales practices. ) Tj ET Q q 0 0 0 rg BT 345.00 322.10 Td (The resolution and implications of new underwriting, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (claims and coverage issues could have a negative ef) Tj ET Q q 0 0 0 rg BT 257.51 310.10 Td (fect on our business by extending coverage beyond our underwriting intent, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (increasing the size of claims or otherwise requiring them to change their practices. ) Tj ET Q q 0 0 0 rg BT 381.92 298.10 Td (The ef) Tj ET Q q 0 0 0 rg BT 407.55 298.10 Td (fects of unforeseen emer) Tj ET Q q 0 0 0 rg BT 505.93 298.10 Td (ging claim ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (and coverage issues could negatively impact revenues, results of operations and reputation. Current and future court decisions ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (and legislative activity may increase our exposure to these types of claims. Multi-party or class action claims may present ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (additional exposure to substantial economic, non-economic or punitive damage awards. ) Tj ET Q q 0 0 0 rg BT 403.05 262.10 Td (The loss of even one of these claims, if ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (it resulted in a significant damage award or a judicial ruling that was otherwise detrimental, could create a precedent in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (industry that could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 231.69 238.10 Td (fect on our results of operations and financial condition. ) Tj ET Q q 0 0 0 rg BT 458.11 238.10 Td (This risk of potential ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (liability may make reasonable settlements of claims more dif) Tj ET Q q 0 0 0 rg BT 293.63 226.10 Td (ficult to obtain. ) Tj ET Q q 0 0 0 rg BT 357.33 226.10 Td (W) Tj ET Q q 0 0 0 rg BT 365.97 226.10 Td (e cannot determine with any certainty what new ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (theories of recovery may evolve or what their impact may be on our business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 190.10 Td (e have been and may be subject to governmental or administrative investigations and proceedings in the context of our highly ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (regulated sectors of activity) Tj ET Q q 0 0 0 rg BT 160.14 178.10 Td (. For example, our insurance subsidiaries have been subject to numerous inquiries related to the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (substantial ownership interest in us held by KAI. ) Tj ET Q q 0 0 0 rg BT 250.35 166.10 Td (The result of these inquiries could lead to additional requirements being ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (placed on us or our insurance subsidiaries or other conditions, any of which could increase our costs of regulatory compliance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (and could have an adverse af) Tj ET Q q 0 0 0 rg BT 165.60 142.10 Td (fect on our ability to operate our business. ) Tj ET Q q 0 0 0 rg BT 335.83 142.10 Td (As a general matter) Tj ET Q q 0 0 0 rg BT 413.45 142.10 Td (, we cannot predict the outcome of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (regulatory investigations, proceedings and reviews, and cannot guarantee that such investigations, proceedings or reviews or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (related litigation or changes in operating policies and practices would not materially adversely af) Tj ET Q q 0 0 0 rg BT 437.18 118.10 Td (fect our results of operations ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (and financial condition. In addition, if we were to experience dif) Tj ET Q q 0 0 0 rg BT 307.50 106.10 Td (ficulties with our relationship with a regulatory body in a given ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (jurisdiction, it could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 237.52 94.10 Td (fect on our ability to do business in that jurisdiction.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (Our business could be adversely af) Tj ET Q q 0 0 0 rg BT 192.87 70.10 Td (fected as a result of changing political, regulatory) Tj ET Q q 0 0 0 rg BT 397.50 70.10 Td (, economic or other influences.) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 95 0 obj <>] /Rotate 0 /Contents 96 0 R>> endobj 96 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (47) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The insurance industry is subject to changing political, economic and regulatory influences. ) Tj ET Q q 0 0 0 rg BT 419.16 742.10 Td (These factors af) Tj ET Q q 0 0 0 rg BT 482.83 742.10 Td (fect the practices ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (and operation of insurance and reinsurance or) Tj ET Q q 0 0 0 rg BT 232.52 730.10 Td (ganizations. Legislatures in the United States and other jurisdictions have ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (periodically considered programs to reform or amend their respective insurance and reinsurance regulatory systems. Recently) Tj ET Q q 0 0 0 rg BT 551.67 718.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (the insurance and reinsurance regulatory framework has been subject to increased scrutiny in many jurisdictions. Changes in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (current insurance regulation may result in increased governmental involvement in the insurance industry or may otherwise ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (change the business and economic environment in which insurance industry participants operate. Historically) Tj ET Q q 0 0 0 rg BT 486.72 682.10 Td (, the automobile ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (insurance industry has been under pressure from time to time from regulators, legislators or special interest groups to reduce, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (freeze or set rates at levels that are not necessarily related to underlying costs or risks, including initiatives to reduce ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (automobile and other commercial line insurance rates. ) Tj ET Q q 0 0 0 rg BT 269.18 646.10 Td (These changes may limit the ability of the insurance subsidiaries to price ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (automobile insurance adequately and could require us to discontinue unprofitable product lines, make unplanned modifications ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (of our products and services, or result in delays or cancellations of sales of our products and services.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (Strategic Risks) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (Our geographic concentration ties our performance to the business, economic, regulatory and other conditions of certain ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (states.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (Some jurisdictions \(including, most notably Illinois, but also Michigan, Minnesota, New ) Tj ET Q q 0 0 0 rg BT 406.54 541.10 Td (Y) Tj ET Q q 0 0 0 rg BT 412.76 541.10 Td (ork and Louisiana\) generate a more ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (significant percentage of our total premiums than others. Our revenues and profitability are subject to the prevailing regulatory) Tj ET Q q 0 0 0 rg BT 556.41 529.10 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (legal, economic, political, demographic, competitive, weather and other conditions in the principal states in which we do ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (business. Changes in any of these conditions could make it less attractive for us to do business in such states and would have a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (more pronounced ef) Tj ET Q q 0 0 0 rg BT 130.34 493.10 Td (fect on us compared to companies that are more geographically diversified. In addition, our exposure to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (severe losses from localized perils, such as earthquakes, hurricanes, tropical storms, tornadoes, wind, ice storms, hail, fires, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (terrorism, riots and explosions, is increased in those areas where we have written significant numbers of property/casualty ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (insurance policies. Given our geographic concentration, negative publicity regarding our products and services could have a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (material adverse ef) Tj ET Q q 0 0 0 rg BT 125.88 445.10 Td (fect on our business and operations, as could other regional factors impacting the local economies in that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (market.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (In order to operate in a profitable manner) Tj ET Q q 0 0 0 rg BT 222.51 409.10 Td (, we need to maintain our current level of premiums written. ) Tj ET Q q 0 0 0 rg BT 475.13 409.10 Td (W) Tj ET Q q 0 0 0 rg BT 483.28 409.10 Td (e may experience ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 397.10 Td (ficulty in managing historic and future growth, which could adversely af) Tj ET Q q 0 0 0 rg BT 359.95 397.10 Td (fect our results of operations and financial ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (condition.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 361.10 Td (e believe that, given our fixed costs associated with underwriting and administering our insurance operations, our insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (subsidiaries must maintain annual net written premiums in excess of approximately $50 million in order to achieve our tar) Tj ET Q q 0 0 0 rg BT 538.59 349.10 Td (geted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (levels of profitability) Tj ET Q q 0 0 0 rg BT 133.77 337.10 Td (. In order to maintain and increase this level of premiums written, we intend to expand geographically and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (increase our market share via our expanded distribution network. Continued growth could impose significant demands on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (management, including the need to identify) Tj ET Q q 0 0 0 rg BT 223.19 313.10 Td (, recruit, maintain and integrate additional employees. Growth may also place a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (strain on management systems and operational and financial resources, and such systems, procedures and internal controls may ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (not be adequate to support operations as they expand. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (The integration and management of acquired books of business, acquired businesses and other growth initiatives involve ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (numerous risks that could adversely af) Tj ET Q q 0 0 0 rg BT 203.95 253.10 Td (fect our profitability) Tj ET Q q 0 0 0 rg BT 284.38 253.10 Td (, and are contingent on many factors, including:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 229.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 229.10 Td (expanding our financial, operational and management information systems;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 217.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 217.10 Td (managing our relationships with independent agents, brokers, and legacy program managers including ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 205.10 Td (maintaining adequate controls;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 193.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 193.10 Td (expanding our executive management and the infrastructure required to ef) Tj ET Q q 0 0 0 rg BT 418.08 193.10 Td (fectively control our growth;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 181.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 181.10 Td (maintaining ratings for certain of our insurance subsidiaries;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 169.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 169.10 Td (increasing the statutory capital of our insurance subsidiaries to support growth in written premiums;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 157.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 157.10 Td (accurately setting claims provisions for new business where historical underwriting experience may not be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 145.10 Td (available;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 133.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 133.10 Td (obtaining regulatory approval for appropriate premium rates; and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 121.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 121.10 Td (obtaining the required regulatory approvals to of) Tj ET Q q 0 0 0 rg BT 316.20 121.10 Td (fer additional insurance products or to expand into additional ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 109.10 Td (states or other jurisdictions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (Our failure to grow our premiums written or to manage our growth ef) Tj ET Q q 0 0 0 rg BT 328.08 85.10 Td (fectively could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 494.47 85.10 Td (fect on our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (business, financial condition or results of operations.) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 97 0 obj <>] /Rotate 0 /Contents 98 0 R>> endobj 98 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (48) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Engaging in acquisitions involves risks and, if we are unable to ef) Tj ET Q q 0 0 0 rg BT 320.96 742.25 Td (fectively manage these risks our business may be ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (materially harmed.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Acquisitions of similar insurance providers are expected to be a material component of our growth strategy) Tj ET Q q 0 0 0 rg BT 477.83 706.25 Td (, subject to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (availability of suitable opportunities and market conditions. From time-to-time we may engage in discussions concerning ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (acquisition opportunities and, as a result of such discussions, may enter into acquisition transactions. Upon the announcement ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (of an acquisition, our share price may fall depending on the size of the acquisition, the purchase price and the potential dilution ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (to existing shareholders. It is also possible that an acquisition could dilute earnings per share. ) Tj ET Q q 0 0 0 rg BT 424.64 658.25 Td (Acquisitions entail numerous ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (risks, including the following:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 622.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 622.25 Td ( dif) Tj ET Q q 0 0 0 rg BT 135.43 622.25 Td (ficulties in the integration of the acquired business;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 610.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 610.25 Td ( assumption of unknown material liabilities, including deficient provisions for unpaid claims;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 598.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 598.25 Td ( diversion of management's attention from other business concerns;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 586.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 586.25 Td ( failure to achieve financial or operating objectives; and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 574.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 574.25 Td ( potential loss of policyholders or key employees of acquired companies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 550.25 Td (e may be unable to integrate or profitably operate any business, operations, personnel, services or products that we may ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (acquire in the future, which may result in our inability to realize expected revenue increases, cost savings, increases in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (geographic or product presence, and other projected benefits from the acquisition. Integration may result in the loss of key ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (employees, disruption to the existing businesses or the business of the acquired company) Tj ET Q q 0 0 0 rg BT 405.12 514.25 Td (, or otherwise harm our ability to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (retain customers and employees or achieve the anticipated benefits of the acquisition. ) Tj ET Q q 0 0 0 rg BT 393.86 502.25 Td (T) Tj ET Q q 0 0 0 rg BT 399.62 502.25 Td (ime and resources spent on integration ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (may also impair our ability to grow our existing businesses. ) Tj ET Q q 0 0 0 rg BT 290.81 490.25 Td (Also, the negative ef) Tj ET Q q 0 0 0 rg BT 373.37 490.25 Td (fect of any financial commitments required by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (regulatory authorities or rating agencies in acquisitions or business combinations may be greater than expected. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (V) Tj ET Q q 0 0 0 rg BT 55.56 454.25 Td (arious factors may inhibit potential acquisition bids that could be beneficial to shareholders.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (Regulatory provisions may delay) Tj ET Q q 0 0 0 rg BT 181.83 430.25 Td (, defer or prevent a takeover attempt that shareholders may consider in their best interest. For ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (example, under applicable state statutes, subject to limited exceptions, no person or entity may) Tj ET Q q 0 0 0 rg BT 427.58 418.25 Td (, directly or indirectly) Tj ET Q q 0 0 0 rg BT 514.12 418.25 Td (, acquire ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (control of a domestic insurer without the prior approval of the state insurance regulator) Tj ET Q q 0 0 0 rg BT 397.39 406.25 Td (. Under the insurance laws, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td ("control" \(including the terms "controlling," "controlled by" and "under common control with"\) is generally defined to include ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (acquisition of a certain percentage or more of an insurer's voting securities \(such as 10% or more under Illinois law\). ) Tj ET Q q 0 0 0 rg BT 521.47 382.25 Td (These ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (requirements may require a potential bidder to obtain prior approval from the insurance departments of the states in which the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (insurance subsidiaries are domiciled and commercially domiciled and may require pre-acquisition notification in other states. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (Obtaining these approvals could result in material delays or deter any such transaction. Regulatory requirements could make a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (potential acquisition of our company more dif) Tj ET Q q 0 0 0 rg BT 233.66 334.25 Td (ficult and may prevent shareholders from receiving the benefit from any premium ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (over the market price of our shares of) Tj ET Q q 0 0 0 rg BT 200.03 322.25 Td (fered by a bidder in a takeover context. Even in the absence of a takeover attempt, the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (existence of these provisions may adversely af) Tj ET Q q 0 0 0 rg BT 235.87 310.25 Td (fect the prevailing market price of our shares if they are viewed as discouraging ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (takeover attempts in the future.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (Provisions in our organizational documents, corporate laws and the insurance laws of Illinois and other states could impede ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (an attempt to replace or remove management or directors or prevent or delay a merger or sale, which could diminish the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (value of our shares.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (Our Memorandum of ) Tj ET Q q 0 0 0 rg BT 137.49 226.25 Td (Association, ) Tj ET Q q 0 0 0 rg BT 189.15 226.25 Td (Articles of ) Tj ET Q q 0 0 0 rg BT 233.58 226.25 Td (Association and Code of Regulations and the corporate laws and the insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (laws of various states contain, or are anticipated to contain, provisions that could impede an attempt to replace or remove ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (management or directors or prevent the sale of the insurance subsidiaries that shareholders might consider to be in their best ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (interests. ) Tj ET Q q 0 0 0 rg BT 88.14 190.25 Td (These provisions may include, among others:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 166.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 166.25 Td (requiring a vote of holders of 5% of the ordinary shares to call a special meeting of shareholders;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 154.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 154.25 Td (requiring a two-thirds vote to amend the ) Tj ET Q q 0 0 0 rg BT 285.02 154.25 Td (Articles of ) Tj ET Q q 0 0 0 rg BT 329.45 154.25 Td (Association;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 142.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 142.25 Td (requiring the af) Tj ET Q q 0 0 0 rg BT 183.46 142.25 Td (firmative vote of a majority of the voting power of shares represented at a special meeting of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 130.25 Td (shareholders; and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.00 118.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 118.25 Td (statutory requirements prohibiting a mer) Tj ET Q q 0 0 0 rg BT 283.45 118.25 Td (ger) Tj ET Q q 0 0 0 rg BT 295.81 118.25 Td (, consolidation, combination or majority share acquisition ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 106.25 Td (between the insurance subsidiaries and an interested shareholder or an af) Tj ET Q q 0 0 0 rg BT 412.82 106.25 Td (filiate of an interested shareholder ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 94.25 Td (without regulatory approval.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (These provisions may prevent shareholders from receiving the benefit of any premium over the market price of our shares ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 58.25 Td (fered by a bidder in a potential takeover) Tj ET Q q 0 0 0 rg BT 217.25 58.25 Td (. In addition, the existence of these provisions may adversely af) Tj ET Q q 0 0 0 rg BT 471.44 58.25 Td (fect the prevailing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (market price of our shares if they are viewed as discouraging takeover attempts. ) Tj ET Q q 0 0 0 rg BT 371.92 46.25 Td (The applicable insurance laws require prior ) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 99 0 obj <>] /Rotate 0 /Contents 100 0 R>> endobj 100 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (49) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (notice or regulatory approval of direct or indirect changes in control of an insurance company or any person or entity that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (controls an insurance company) Tj ET Q q 0 0 0 rg BT 173.48 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 178.30 730.10 Td (The insurance laws of the State of Illinois, where the insurance subsidiaries are domiciled, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (provide that no corporation or other person may acquire direct or indirect control of a domestic insurance company unless it has ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (given notice to such insurance company and obtained prior written approval of the relevant insurance regulatory authorities. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Under Illinois law) Tj ET Q q 0 0 0 rg BT 122.11 694.10 Td (, a purchaser of 10% or more of our voting securities could become subject to these regulations and could be ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (required to file notices and reports with, and obtain written approval from, the applicable regulatory authorities prior to such ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (acquisition. In addition, the existence of these provisions may adversely af) Tj ET Q q 0 0 0 rg BT 348.07 670.10 Td (fect the prevailing market price of our shares if they ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (are viewed as discouraging takeover attempts.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Market and Competition Risks) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (Because the insurance subsidiaries are commercial automobile insurers, conditions in that industry could adversely af) Tj ET Q q 0 0 0 rg BT 536.80 604.10 Td (fect ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (their business.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (The majority of the gross premiums written by our insurance subsidiaries are generated from commercial automobile insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (policies. ) Tj ET Q q 0 0 0 rg BT 85.55 562.10 Td (Adverse developments in the market for commercial automobile insurance, including those which could result from ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (potential declines in commercial and economic activity) Tj ET Q q 0 0 0 rg BT 270.38 550.10 Td (, could cause our results of operations to suf) Tj ET Q q 0 0 0 rg BT 446.55 550.10 Td (fer) Tj ET Q q 0 0 0 rg BT 457.09 550.10 Td (. ) Tj ET Q q 0 0 0 rg BT 461.91 550.10 Td (The commercial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (automobile insurance industry is cyclical. Historically) Tj ET Q q 0 0 0 rg BT 265.41 538.10 Td (, the industry has been characterized by periods of price competition and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (excess capacity followed by periods of higher premium rates and shortages of underwriting capacity) Tj ET Q q 0 0 0 rg BT 450.61 526.10 Td (. ) Tj ET Q q 0 0 0 rg BT 455.42 526.10 Td (These fluctuations in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (business cycle have negatively impacted and could continue to negatively impact the revenues of our company) Tj ET Q q 0 0 0 rg BT 492.81 514.10 Td (. ) Tj ET Q q 0 0 0 rg BT 497.63 514.10 Td (The results of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (the insurance subsidiaries, and in turn, us, may also be af) Tj ET Q q 0 0 0 rg BT 277.82 502.10 Td (fected by risks, to the extent they are covered by the insurance policies ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (we issue, that impact the commercial automobile industry related to severe weather conditions, floods, hurricanes, tornadoes, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (earthquakes and tsunamis, as well as explosions, terrorist attacks and riots. ) Tj ET Q q 0 0 0 rg BT 350.86 478.10 Td (The insurance subsidiaries' commercial automobile ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (insurance business may also be af) Tj ET Q q 0 0 0 rg BT 185.06 466.10 Td (fected by cost trends that negatively impact profitability) Tj ET Q q 0 0 0 rg BT 408.51 466.10 Td (, such as a continuing economic ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (downturn, inflation in vehicle repair costs, vehicle replacement parts costs, used vehicle prices, fuel costs and medical care ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (costs. Increased costs related to the handling and litigation of claims may also negatively impact profitability) Tj ET Q q 0 0 0 rg BT 484.79 442.10 Td (. Legacy business ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (previously written by us also includes private passenger auto, surety and other P&C insurance business. ) Tj ET Q q 0 0 0 rg BT 469.37 430.10 Td (Adverse developments ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (relative to previously written business could have a negative impact on our results.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (The insurance and related businesses in which we operate may be subject to periodic negative publicity which may ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (negatively impact our financial results.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (The products and services of the insurance subsidiaries are ultimately distributed to individual and business customers. From ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (time-to-time, consumer advocacy groups or the media may focus attention on insurance products and services, thereby ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (subjecting the industry to periodic negative publicity) Tj ET Q q 0 0 0 rg BT 260.42 334.10 Td (. ) Tj ET Q q 0 0 0 rg BT 265.23 334.10 Td (W) Tj ET Q q 0 0 0 rg BT 273.87 334.10 Td (e also may be negatively impacted if participants in one or more of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (markets engage in practices resulting in increased public attention to our business. Negative publicity may also result in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (increased regulation and legislative scrutiny of practices in the P&C insurance industry as well as increased litigation. ) Tj ET Q q 0 0 0 rg BT 523.57 310.10 Td (These ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (factors may further increase our costs of doing business and adversely af) Tj ET Q q 0 0 0 rg BT 340.56 298.10 Td (fect our profitability by impeding our ability to market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (our products and services, requiring us to change our products or services or by increasing the regulatory burdens under which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (we operate.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (The highly competitive environment in which we operate could have an adverse ef) Tj ET Q q 0 0 0 rg BT 387.57 250.10 Td (fect on our business, results of operations ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (and financial condition.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (The commercial automobile insurance business is highly competitive and, except for regulatory considerations, there are ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (relatively few barriers to entry) Tj ET Q q 0 0 0 rg BT 170.96 202.10 Td (. Many of our competitors are substantially lar) Tj ET Q q 0 0 0 rg BT 356.29 202.10 Td (ger and may enjoy better name recognition, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (substantially greater financial resources, higher ratings by rating agencies, broader and more diversified product lines and more ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (widespread agency relationships than us. Our underwriting profits could be adversely impacted if new entrants or existing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (competitors try to compete with our products, services and programs or of) Tj ET Q q 0 0 0 rg BT 346.41 166.10 Td (fer similar or better products at or below our prices. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (Insurers in our markets generally compete on the basis of price, consumer recognition, coverages of) Tj ET Q q 0 0 0 rg BT 449.13 154.10 Td (fered, claims handling, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (financial stability) Tj ET Q q 0 0 0 rg BT 119.05 142.10 Td (, customer service and geographic coverage. ) Tj ET Q q 0 0 0 rg BT 298.42 142.10 Td (Although pricing is influenced to some degree by that of our ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (competitors, it is not in our best interest to compete solely on price, and we may from time-to-time experience a loss of market ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (share during periods of intense price competition. Our business could be adversely impacted by the loss of business to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (competitors of) Tj ET Q q 0 0 0 rg BT 107.86 106.10 Td (fering competitive insurance products at lower prices. ) Tj ET Q q 0 0 0 rg BT 325.38 106.10 Td (This competition could af) Tj ET Q q 0 0 0 rg BT 428.23 106.10 Td (fect our ability to attract and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (retain profitable business. Pricing sophistication and related underwriting and marketing programs use a number of risk ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (evaluation factors. For auto insurance, these factors can include but are not limited to vehicle make, model and year; driver age; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (territory; years licensed; loss history; years insured with prior carrier; prior liability limits; prior lapse in coverage; and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (insurance scoring based on credit report information. ) Tj ET Q q 0 0 0 rg BT 264.19 58.10 Td (W) Tj ET Q q 0 0 0 rg BT 272.83 58.10 Td (e believe our pricing model will generate future underwriting profits.) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 101 0 obj <>] /Rotate 0 /Contents 102 0 R>> endobj 102 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (50) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (If we are not able to attract and retain independent agents and brokers, our revenues could be negatively af) Tj ET Q q 0 0 0 rg BT 491.20 742.25 Td (fected.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 718.25 Td (e market and distribute our insurance programs exclusively through independent insurance agents and specialty insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (brokers. ) Tj ET Q q 0 0 0 rg BT 84.44 706.25 Td (As a result, our business depends in lar) Tj ET Q q 0 0 0 rg BT 240.34 706.25 Td (ge part on the marketing ef) Tj ET Q q 0 0 0 rg BT 348.17 706.25 Td (forts of these agents and brokers and on our ability to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 694.25 Td (fer insurance products and services that meet the requirements of the agents, the brokers and their customers. However) Tj ET Q q 0 0 0 rg BT 532.86 694.25 Td (, these ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (agents and brokers are not obligated to sell or promote our products and many sell or promote competitors' insurance products ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (in addition to our products. Some of our competitors have higher financial strength ratings, of) Tj ET Q q 0 0 0 rg BT 424.74 670.25 Td (fer a lar) Tj ET Q q 0 0 0 rg BT 455.64 670.25 Td (ger variety of products, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (set lower prices for insurance coverage and/or of) Tj ET Q q 0 0 0 rg BT 245.01 658.25 Td (fer higher commissions than we do. ) Tj ET Q q 0 0 0 rg BT 390.08 658.25 Td (Therefore, we may not be able to continue ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (to attract and retain independent agents and brokers to sell our insurance products. ) Tj ET Q q 0 0 0 rg BT 381.38 646.25 Td (The failure or inability of independent ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (agents and brokers to market our insurance products successfully could have a material adverse impact on our business, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (financial condition and results of operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (If we are unable to maintain our claims-paying ratings, our ability to write insurance and to compete with other insurance ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (companies may be adversely impacted. ) Tj ET Q q 0 0 0 rg BT 210.70 586.25 Td (A) Tj ET Q q 0 0 0 rg BT 216.82 586.25 Td ( decline in rating could adversely af) Tj ET Q q 0 0 0 rg BT 363.84 586.25 Td (fect our position in the insurance market, make ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (it more dif) Tj ET Q q 0 0 0 rg BT 92.59 574.25 Td (ficult to market our insurance products and cause our premiums and earnings to decrease.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (Financial ratings are an important factor influencing the competitive position of insurance companies. ) Tj ET Q q 0 0 0 rg BT 459.69 550.25 Td (Third party rating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (agencies assess and rate the claims-paying ability of insurers and reinsurers based upon criteria that they have established. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (Periodically these rating agencies evaluate the business to confirm that it continues to meet the criteria of the ratings previously ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (assigned. Financial strength ratings are an important factor in establishing the competitive position of insurance companies and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (may be expected to have an ef) Tj ET Q q 0 0 0 rg BT 170.87 502.25 Td (fect on an insurance company's premiums. ) Tj ET Q q 0 0 0 rg BT 343.27 502.25 Td (The insurance subsidiaries are rated by ) Tj ET Q q 0 0 0 rg BT 500.99 502.25 Td (A.M. Best, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (which issues independent opinions of an insurer's financial strength and its ability to meet policyholder obligations. ) Tj ET Q q 0 0 0 rg BT 513.66 490.25 Td (A.M. Best ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (ratings range from A++ \(Superior\) to F \(In Liquidation\), with a total of 16 separate rating categories. ) Tj ET Q q 0 0 0 rg BT 473.46 478.25 Td (The objective of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (A.M. Best's rating system is to provide potential policyholders and other interested parties an opinion of an insurer's financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (strength and ability to meet ongoing obligations, including paying claims.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (On January 30, 2012, ) Tj ET Q q 0 0 0 rg BT 137.77 430.25 Td (A.M. Best Co. af) Tj ET Q q 0 0 0 rg BT 205.92 430.25 Td (firmed the financial strength rating of ) Tj ET Q q 0 0 0 rg BT 358.09 430.25 Td (American Country and ) Tj ET Q q 0 0 0 rg BT 451.68 430.25 Td (American Service as B ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (and the outlook assigned to all ratings is Stable. ) Tj ET Q q 0 0 0 rg BT 254.50 418.25 Td (There is a risk that ) Tj ET Q q 0 0 0 rg BT 330.87 418.25 Td (A.M. Best will not maintain these ratings in the future. If ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (the insurance subsidiaries' ratings are reduced by ) Tj ET Q q 0 0 0 rg BT 247.57 406.25 Td (A.M. Best, their competitive position in the insurance industry could suf) Tj ET Q q 0 0 0 rg BT 537.07 406.25 Td (fer ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (and it could be more dif) Tj ET Q q 0 0 0 rg BT 145.63 394.25 Td (ficult to market their insurance products. ) Tj ET Q q 0 0 0 rg BT 310.30 394.25 Td (A) Tj ET Q q 0 0 0 rg BT 316.97 394.25 Td ( downgrade could result in a significant reduction in the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (number of insurance contracts written by the subsidiaries and in a substantial loss of business to other competitors with higher ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (ratings, causing premiums and earnings to decrease. Rating agencies evaluate insurance companies based on financial strength ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (and the ability to pay claims, factors that may be more relevant to policyholders than to investors. Financial strength ratings by ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (rating agencies are not ratings of securities or recommendations to buy) Tj ET Q q 0 0 0 rg BT 332.59 346.25 Td (, hold or sell any security and should not be relied upon ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (as such.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (Our ability to generate written premiums is impacted by seasonality which may cause fluctuations in our operating results ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (and to our stock price.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (The P&C insurance business is seasonal in nature. ) Tj ET Q q 0 0 0 rg BT 253.39 274.25 Td (While our net premiums earned are generally stable from quarter to quarter) Tj ET Q q 0 0 0 rg BT 553.70 274.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (our gross premiums written follow the common renewal dates for the light commercial risks that represent our core lines of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (business. For example, January 1 and March 1 are common taxi cab renewal dates in Illinois and New ) Tj ET Q q 0 0 0 rg BT 460.62 250.25 Td (Y) Tj ET Q q 0 0 0 rg BT 466.84 250.25 Td (ork, respectively) Tj ET Q q 0 0 0 rg BT 532.83 250.25 Td (. Net ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (underwriting income is driven mainly by the timing and nature of claims, which can vary widely) Tj ET Q q 0 0 0 rg BT 435.92 238.25 Td (. Our ability to generate written ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (premiums is also impacted by the timing of policy periods in the states in which we operate. ) Tj ET Q q 0 0 0 rg BT 422.98 226.25 Td (As a result of this seasonality) Tj ET Q q 0 0 0 rg BT 539.81 226.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (investors may not be able to predict our annual operating results based on a quarter) Tj ET Q q 0 0 0 rg BT 381.92 214.25 Td (-to-quarter comparison of our operating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (results. ) Tj ET Q q 0 0 0 rg BT 80.56 202.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 130.46 202.25 Td (, this seasonality may cause fluctuations in our stock price. ) Tj ET Q q 0 0 0 rg BT 368.00 202.25 Td (W) Tj ET Q q 0 0 0 rg BT 376.64 202.25 Td (e believe seasonality will have an ongoing ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (impact on our business.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 70.10 154.25 Td (T) Tj ET Q q 0 0 0 rg BT 75.85 154.25 Td (ax Risks) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (If our company were not to be treated as a U.S. corporation for U.S. federal income tax purposes, certain tax inef) Tj ET Q q 0 0 0 rg BT 515.65 130.25 Td (ficiencies ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (would result and certain adverse tax rules would apply) Tj ET Q q 0 0 0 rg BT 274.09 118.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 95.25 Td (Pursuant to certain expatriation provisions of the U.S. Internal Revenue Code of 1986, as amended, the reverse mer) Tj ET Q q 0 0 0 rg BT 520.51 95.25 Td (ger ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 83.25 Td (agreement relating to the reverse mer) Tj ET Q q 0 0 0 rg BT 198.91 83.25 Td (ger transaction described below provides that the parties intend to treat our company as a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 71.25 Td (U.S. corporation for U.S. federal income tax purposes. ) Tj ET Q q 0 0 0 rg BT 270.60 71.25 Td (The expatriation provisions are complex, are lar) Tj ET Q q 0 0 0 rg BT 462.29 71.25 Td (gely unsettled and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 59.25 Td (subject to dif) Tj ET Q q 0 0 0 rg BT 102.03 59.25 Td (fering interpretations, and are subject to change, perhaps retroactively) Tj ET Q q 0 0 0 rg BT 380.71 59.25 Td (. If our company were not to be treated as a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 47.25 Td (U.S. corporation for U.S. federal income tax purposes, certain tax inef) Tj ET Q q 0 0 0 rg BT 330.56 47.25 Td (ficiencies and adverse tax consequences and reporting ) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 103 0 obj <>] /Rotate 0 /Contents 104 0 R>> endobj 104 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (51) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (requirements would result for both our company and the recipients and holders of stock in our company) Tj ET Q q 0 0 0 rg BT 464.80 742.10 Td (, including that ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (dividend distributions from our insurance subsidiaries to us would be subject to 30% U.S. withholding tax, with no available ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (reduction and that members of the consolidated group may not be permitted to file a consolidated U.S. tax return resulting in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (the acceleration of cash tax outflow and potential permanent loss of tax benefits associated with net operating loss carry-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (forwards that could have otherwise been utilized.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 671.10 Td (Our use of losses may be subject to limitations and the tax liability of our company may be increased.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 648.10 Td (Generally) Tj ET Q q 0 0 0 rg BT 88.77 648.10 Td (, a change of more than 50% in the ownership of a corporation's stock, by value, over a three-year period constitutes ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 636.10 Td (an ownership change for U.S. federal income tax purposes. ) Tj ET Q q 0 0 0 rg BT 288.26 636.10 Td (An ownership change generally limits a U.S. corporation's ability to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 624.10 Td (use net operating loss carry-forwards attributable to the period prior to the change. Both the insurance subsidiaries experienced ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 612.10 Td (ownership changes in connection with the private placement and reverse mer) Tj ET Q q 0 0 0 rg BT 358.04 612.10 Td (ger transaction completed in the last quarter of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 600.10 Td (2010, such that the use of their net operating loss carry-forwards will be subject to limitation. In addition, the amounts of any ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 588.10 Td (pre-transaction net operating losses of the insurance subsidiaries and tax basis that were available for use by the insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 576.10 Td (subsidiaries following the reverse mer) Tj ET Q q 0 0 0 rg BT 202.55 576.10 Td (ger transaction were limited by tax elections taken on tax returns of the insurance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 564.10 Td (subsidiaries' former parent. Our former parent controlled the determination of which elections are made and the extent to which ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 552.10 Td (the elections have impacted the net operating losses and tax attributes of the insurance subsidiaries for net operating losses and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 540.10 Td (tax attributes generated in periods through December 31, 2010. ) Tj ET Q q 0 0 0 rg BT 307.52 540.10 Td (W) Tj ET Q q 0 0 0 rg BT 316.16 540.10 Td (e will not be compensated to the extent the net operating ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 528.10 Td (losses and tax attributes are reduced or otherwise unfavorably adjusted due to changes and elections in the former parent's 2010 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 516.10 Td (and prior tax filings.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (Further limitations on the utilization of losses may apply because of the dual consolidated loss rules, which will also require ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (our company to recapture into income the amount of any such utilized losses in certain circumstances. ) Tj ET Q q 0 0 0 rg BT 460.71 481.10 Td (As a result of the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (application of these rules, the future tax liability of our company and our insurance subsidiaries could be significantly ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (increased. In addition, taxable income may also be recognized by our company or our insurance subsidiaries in connection with ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (the 2010 reverse mer) Tj ET Q q 0 0 0 rg BT 133.95 445.10 Td (ger transaction.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 405.25 Td (Item 2. ) Tj ET Q q 0 0 0 rg BT 104.00 405.25 Td (UNREGISTERED SALES OF) Tj ET Q q 0 0 0 rg BT 234.22 405.25 Td ( EQUITY) Tj ET Q q 0 0 0 rg BT 275.80 405.25 Td ( SECURITIES ) Tj ET Q q 0 0 0 rg BT 340.83 405.25 Td (AND USE OF) Tj ET Q q 0 0 0 rg BT 400.46 405.25 Td ( PROCEEDS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 390.25 Td (There ) Tj ET Q q 0 0 0 rg BT 74.97 390.25 Td (were ) Tj ET Q q 0 0 0 rg BT 96.05 390.25 Td (no ) Tj ET Q q 0 0 0 rg BT 107.70 390.25 Td (unregistered ) Tj ET Q q 0 0 0 rg BT 158.78 390.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 179.87 390.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.85 390.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 229.26 390.25 Td (during ) Tj ET Q q 0 0 0 rg BT 257.02 390.25 Td (the ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 270.89 390.25 Td (three ) Tj ET Q q 0 0 0 rg BT 292.53 390.25 Td (month ) Tj ET Q q 0 0 0 rg BT 319.74 390.25 Td (period ) Tj ET Q q 0 0 0 rg BT 346.94 390.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 372.47 390.25 Td (September ) Tj ET Q q 0 0 0 rg BT 416.88 390.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 431.03 390.25 Td (2012) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.03 390.25 Td ( ) Tj ET Q q 0 0 0 rg BT 452.68 390.25 Td (or ) Tj ET Q q 0 0 0 rg BT 462.67 390.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.54 390.25 Td (year ) Tj ET Q q 0 0 0 rg BT 495.39 390.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 520.92 390.25 Td (December ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 378.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 65.00 378.25 Td (201) Tj ET Q q 0 0 0 rg BT 79.63 378.25 Td (1.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 72.49 361.25 Td (3. ) Tj ET Q q 0 0 0 rg BT 82.49 361.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 361.25 Td (DEF) Tj ET Q q 0 0 0 rg BT 105.26 361.25 Td (AUL) Tj ET Q q 0 0 0 rg BT 125.45 361.25 Td (TS ) Tj ET Q q 0 0 0 rg BT 140.18 361.25 Td (UPON ) Tj ET Q q 0 0 0 rg BT 171.01 361.25 Td (SENIOR ) Tj ET Q q 0 0 0 rg BT 211.86 361.25 Td (SECURITIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (None.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 329.25 Td (Item 4. ) Tj ET Q q 0 0 0 rg BT 104.00 329.25 Td (MINE SAFETY) Tj ET Q q 0 0 0 rg BT 172.80 329.25 Td ( DISCLOSURES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 314.25 Td (Not applicable.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 297.25 Td (Item 5. ) Tj ET Q q 0 0 0 rg BT 86.00 297.25 Td (OTHER INFORMA) Tj ET Q q 0 0 0 rg BT 172.76 297.25 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 282.25 Td (None.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 265.25 Td (Item 6. ) Tj ET Q q 0 0 0 rg BT 104.00 265.25 Td (EXHIBITS) Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 105 0 obj <>] /Rotate 0 /Contents 106 0 R>> endobj 106 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (52) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 740.58 Td (Item31 Rule 13a-14\(a\)/15d-14\(a\) Certifications) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 726.45 Td (31.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 134.00 726.45 Td (Certification of Chief Executive Of) Tj ET Q q 0 0 0 rg BT 247.15 726.45 Td (ficer Pursuant to Rule 13a-14\(a\) or Rule 15d-14\(a\), as ) Tj ET Q q 0 0 0 rg BT 421.77 726.45 Td (Adopted Pursuant to Section 302 of the ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 134.00 718.45 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 186.65 718.45 Td (Act of 2002.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 705.45 Td (31.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 134.00 704.75 Td (Certification of Chief Financial Officer Pursuant to Rule 13a-14\(a\) or Rule 15d-14\(a\), as Adopted Pursuant to Section 302 of the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 134.00 696.75 Td (Sarbanes-Oxley Act of 2002.) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 684.58 Td (Item32 Section 1350 Certifications) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 670.45 Td (32.1) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 134.00 670.45 Td (Certification of Chief Executive Of) Tj ET Q q 0 0 0 rg BT 247.15 670.45 Td (ficer Pursuant to 18 U.S.C. Section 1350, as ) Tj ET Q q 0 0 0 rg BT 389.80 670.45 Td (Adopted Pursuant to Section 906 of the Sarbanes-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 134.00 662.45 Td (Oxley ) Tj ET Q q 0 0 0 rg BT 155.11 662.45 Td (Act of 2002) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 648.45 Td (32.2) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 134.00 648.45 Td (Certification of Chief Financial Of) Tj ET Q q 0 0 0 rg BT 244.93 648.45 Td (ficer Pursuant to 18 U.S.C. Section 1350, as ) Tj ET Q q 0 0 0 rg BT 387.59 648.45 Td (Adopted Pursuant to Section 906 of the Sarbanes-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 134.00 640.45 Td (Oxley ) Tj ET Q q 0 0 0 rg BT 155.11 640.45 Td (Act of 2002) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 52.00 625.73 Td (Item 101 - Interactive Data Files) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 613.45 Td (101.INS) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 134.00 613.45 Td (XBRL) Tj ET Q q 0 0 0 rg BT 155.04 613.45 Td ( Instance Document) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 598.45 Td (101.SCH) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 134.00 597.10 Td (XBRL Taxonomy Extension Schema Document) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 583.45 Td (101.CAL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 134.00 582.10 Td (XBRL Taxonomy Extension Calculation Linkbase Document) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 568.45 Td (101.DEF) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 134.00 567.10 Td (XBRL Taxonomy Extension Definition Linkbase Document.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 553.45 Td (101.LAB) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 134.00 552.10 Td (XBRL Taxonomy Extension Label Linkbase Document.) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 538.45 Td (101.PRE) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 134.00 537.10 Td (XBRL Taxonomy Extension Presentation Linkbase Document.) Tj ET Q BT /F2 10.00 Tf ET BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q endstream endobj 107 0 obj <>] /Rotate 0 /Contents 108 0 R>> endobj 108 0 obj <> stream BT /F1 9.00 Tf ET BT /F1 9.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (53) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 276.60 730.10 Td (SIGNA) Tj ET Q q 0 0 0 rg BT 307.53 730.10 Td (TURE) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 713.10 Td (Pursu) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 70.50 713.10 Td (ant to the requirements of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 273.77 713.10 Td (Act of 1934, the registrant has duly caused this report to be signed on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 701.10 Td (its behalf by the undersigned thereunto duly authorized.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 662.6 m 309.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 662.6 m 318.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 662.6 m 562.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318.5 622.6 m 562.5 622.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 666.86 Td (Date: November 12, 2012) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 282.00 666.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.85 666.86 Td (Atlas Financial Holdings, Inc.) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 282.00 653.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.50 653.86 Td (\(Registrant\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 282.00 626.65 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 289.95 627.06 Td (By:) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 313.50 626.65 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.00 627.27 Td (/s/ Paul A. Romano) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 321.00 613.38 Td (Paul A. Romano) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 282.00 604.25 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 313.50 604.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 321.00 602.38 Td (Vice President and Chief Financial Officer) Tj ET Q BT /F2 10.00 Tf ET BT /F2 7.00 Tf ET q 0 0 0 rg BT 50.00 587.70 Td () Tj ET Q BT /F2 9.00 Tf ET 0 0 1 RG /GS0 gs 0.44 w 0 i [] 0 d 1 J 1 j 3 M 50 772.10029296875 m 113.85693359375 772.10029296875 l s q 0 0 1 rg BT 50.00 773.30 Td (T) Tj ET Q q 0 0 1 rg BT 54.87 773.30 Td (able of Contents) Tj ET Q BT /F1 9.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 109 0 obj <> /View <>>>>> endobj 110 0 obj <> /View <>>>>> endobj 111 0 obj <> endobj 112 0 obj <> endobj 113 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;