-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NcEmx08QSG/9HJbDkGdkvglm4Qx2Gpj+h4mRQ45BoeJWjKbJGV311wBI+voYaGsL dvS060TX1GfzaEiXUjJDmg== /in/edgar/work/0000865058-00-000008/0000865058-00-000008.txt : 20001116 0000865058-00-000008.hdr.sgml : 20001116 ACCESSION NUMBER: 0000865058-00-000008 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000930 FILED AS OF DATE: 20001115 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL SECURITY GROUP INC CENTRAL INDEX KEY: 0000865058 STANDARD INDUSTRIAL CLASSIFICATION: [6311 ] IRS NUMBER: 631020300 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: SEC FILE NUMBER: 000-18649 FILM NUMBER: 770191 BUSINESS ADDRESS: STREET 1: 661 E DAVIS ST CITY: ELBA STATE: AL ZIP: 36323 BUSINESS PHONE: 2058972273 10-Q 1 0001.txt FORM 10Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2000 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ------- -------- Commission File Number: 0-18649 THE NATIONAL SECURITY GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 63-1020300 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 661 East Davis Street, Elba, Alabama 36323 (Address of principal executive offices) (Zip code) Registrants telephone number, including area code (334) 897-2273 Not Applicable (Former name, address, and former fiscal year, if changed since last report) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes (X) No ( ) Number of Shares of Common Stock outstanding as of November 8, 2000: 2,055,811 Exhibit index is located on page 15. Page 1 of 15 pages THE NATIONAL SECURITY GROUP, INC INDEX Page No. PART I. FINANCIAL INFORMATION Item 1. Financial Statements Consolidated Statements of Income 3 Consolidated Balance Sheets 4 Consolidated Statements of Shareholders'Equity 5 Consolidated Statement of Cash Flow 6 Notes to Financial Statements 7 Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 10 PART II OTHER INFORMATION Item 6. Exhibits and Reports on Form 8-K 13 SIGNATURE 14 EXHIBIT INDEX 15 2 Part I. FINANCIAL INFORMATION Item 1. Financial Statements THE NATIONAL SECURITY GROUP, INC. CONSOLIDATED UNAUDITED STATEMENTS OF INCOME (In thousands, except per share amounts)
Three Months Nine Months Ended Sept 30 Ended Sept 30 2000 1999 2000 1999 Revenues Net insurance premiums earned ............... $ 6,003 $ 6,292 $17,232 $19,790 Net investment income ....................... 1,104 1,114 3,262 3,269 Realized investment gains ................... 846 178 1,912 1,676 Other income ................................ 228 98 405 304 ------- ------- ------- ------- Total revenues ............................ 8,181 7,682 22,811 25,039 ------- ------- ------- ------- Benefits and Expenses Policyholder benefits and settlement expenses 2,996 4,028 10,352 12,943 Policy acquisition costs .................... 1,503 1,485 3,691 4,244 General insurance expenses .................. 1,570 1,248 3,812 3,072 Insurance taxes, licenses and fees .......... 204 275 667 860 ------- ------- ------- ------- Total benefits and expense ................ 6,273 7,036 18,522 21,119 ------- ------- ------- ------- Income Before Income Taxes .................. 1,908 646 4,289 3,920 Income Taxes (Current and deferred) ......... 516 189 984 1,048 ------- ------- ------- ------- Net Income .................................. $ 1,392 $ 457 $ 3,305 $ 2,872 ======= ======= ======= ======= Earnings per share .......................... $ 0.68 $ 0.22 $ 1.61 $ 1.40 ======= ======= ======= ======= Dividends Declared per Share ................ $ 0.21 $ 0.20 $ 0.63 $ 0.60 ======= ======= ======= =======
The Notes to Financial Statements are an integral part of these statements. 3 THE NATIONAL SECURITY GROUP, INC. CONSOLIDATED BALANCE SHEET (In thousands, except per share amounts)
As of As of Sept 30, December 31, 2000 1999 (Unaudited) Assets Investments: Debt Securities held-to-maturity at amortized cost (estimated fair value: 2000 $29,326; 1999 $30,774) $ 29,519 $ 30,911 Debt Securities available-for-sale, at estimated fair value (cost: 2000 $26,443; 1999 $ 23,065) 25,296 21,936 Equity Securities, at market (cost: 2000--$13,069; 1999--$ 12,683) 25,160 27,676 Receivable for securities sold 0 0 Mortgage loans 94 112 Investment real estate, at cost 1,558 1,557 Policy loans 694 669 ------- ------- Total investments 82,321 82,861 ------- ------- Cash and cash equivalents 2,017 3,512 Accrued investment income 927 830 Reinsurance recoverable 3,688 4,687 Deferred policy acquisition costs 4,412 4,273 Prepaid reinsurance premiums 367 257 Other assets 2,842 1,685 ------- ------- Total assets $ 96,574 $ 98,105 ======= ======= Liabilities Policy reserves $ 18,973 $ 18,987 Claim reserves 16,678 18,864 Unearned premiums 7,267 7,088 Other policyholder funds 1,534 1,526 Notes payable 2,465 2,672 Current income tax payable 990 53 Deferred income tax 2,850 3,014 Other liabilities 2,590 4,013 ------- ------- Total liabilities $ 53,347 $ 56,217 ------- ------- Shareholders' Equity Common stock, $1 par value, 2,339,848 shares issued 2,340 2,340 Additional paid in capital 17 17 Accumulated comprehensive income: Net unrealized appreciation on investment securities 9,243 9,915 Retained earnings 35,208 33,197 Treasury stock, at cost (284,037 shares) (3,581) (3,581) ------- ------- Total shareholders' equity 43,227 41,888 ------- ------- Total liabilities and shareholder's equity $ 96,574 $ 98,105 ======= ======= Shareholders' Equity per Share 21.02 20.37 ======= =======
The Notes to Financial Statements are an integral part of these statements 4 THE NATIONAL SECURITY GROUP, INC. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (In thousands, except per share amounts)
Accumulated Other Retained Comprehensive Common Paid-in Treasury Total Earnings Income Stock Capital Stock Balance at December 31, 1998 ............. $ 41,968 $ 31,106 $ 12,146 $ 2,340 $ 17 $ (3,641) Comprehensive Income Net Income for 1999 .................. 3,756 3,756 Other comprehensive income(net of tax) Unrealized loss on securities, net of reclassification adjustment ... (2,231) (2,231) -------- Total Comprehensive Income ............... 1,525 -------- Cash dividends ($.81 per share) .......... (1,665) (1,665) Treasury stock sold ...................... 60 60 -------- -------- -------- -------- -------- -------- Balance at December 31, 1999 ............. $ 41,888 $ 33,197 $ 9,915 $ 2,340 $ 17 $ (3,581) Comprehensive Income Net Income nine months ended 9/30/2000 3,305 3,305 Other comprehensive income(net of tax) Unrealized loss on securities, net of reclassification adjustment ... ( 672) ( 672) -------- Total Comprehensive Income ............... 2,633 -------- Cash dividends ($.63 per share) .......... (1,294) (1,294) Balance at Sept, 30 2000 (Unaudited) .... $ 43,227 $ 35,208 $ 9,243 $ 2,340 $ 17 $ (3,581) ======== ======== ======== ======== ======== ========
The Notes to the Financial Statements are an integral part of these unaudited financial statements. 5 THE NATIONAL SECURITY GROUP. INC. CONSOLIDATED UNAUDITED STATEMENTS OF CASH FLOWS (In thousands)
Nine Months Ended Sept 30 2000 1999 Cash Flows from Operating Activities Income from continuing operations $ 3,305 $ 2,872 Adjustments to reconcile income from continuing operations to net cash provided by (used in) operating activities: Accrued investment income (97) (177) Reinsurance receivables 999 774 Deferred Policy acquisition costs (139) 92 Income Taxes 773 (715) Depreciation expense 99 75 Policy liabilities and claims (2,021) (2,830) Other, net (2,743) (900) ------- ------- Net cash provided by operating activities 176 (809) ------- ------- Cash Flows from Investing Activities Cost of investments acquired (6,329) (11,746) Sale and maturity of investments 6,197 11,449 Purchase of property and equipment (46) (90) Proceeds from disposal of property and equipment 0 0 Other, net 0 0 ------- ------- Net cash used in investing activities (178) (387) ------- ------- Cash Flows from Financing Activities Decrease in other policyholder funds 8 (81) Payments on notes payable (207) (128) Dividends paid (1,294) (1,233) Treasury stock issued 0 60 ------- ------- Net cash used in financing activities (1,493) (1,382) ------- ------- Net increase (decrease) in cash and cash equivalents (1,495) (2,578) Cash and cash equivalents, beginning of period 3,512 4,073 ------- ------- Cash and cash equivalents, end of period $ 2,017 $ 1,495 ======= =======
The Notes to the Financial Statements are an integral part of these statements. 6 THE NATIONAL SECURITY GROUP, INC. NOTES TO FINANCIAL STATEMENTS NOTE 1-Basis of Presentation The consolidated unaudited financial statements have been prepared in conformity with generally accepted accounting principles. The interim financial statements include all adjustments necessary, in the opinion of management, for fair statement of financial position, results of operations and cash flows for the periods reported. These adjustments are all normal recurring adjustments. A summary of the more significant accounting policies are set forth in the notes to the audited consolidated financial statements for the year ended December 31, 1999. The accompanying consolidated unaudited financial statements include the accounts of The National Security Group, Inc. (the Company) and its wholly owned subsidiaries: National Security Insurance Company (NSIC), National Security Fire and Casualty Company (NSFC) and Natsco, Inc. (Natsco). NSFC includes a wholly owned subsidiary, Omega One Insurance Company. Note 2-Reinsurance National Security Fire and Casualty Company ("NSFC"), Omega One Insurance Company (OMEGA), and National Security Insurance Company (NSIC) wholly owned subsidiaries of the Company, reinsure certain portions of insurance risk, which exceed various retention limits. NSFC, OMEGA, and NSIC are liable for these amounts in the event assuming companies are unable to meet their obligations. Note 3-Calculation of Earnings Per Share Earnings per share were based on net income divided by the weighted average common shares outstanding. The weighted average number of shares outstanding for the period ending September 30, 2000 was 2,056,000 and for the period ending September 30, 1999 was 2,055,000. Note 4-Changes in Shareholder's Equity (in thousands) During the nine months ended September 30, 2000 and 1999, there were no changes in shareholders' equity except for net income of $3,305 and $2,872 respectively; dividends paid of $1,294 and $1,233 respectively; unrealized investment losses, net of applicable taxes, of $(672) and ($2,241) respectively, and issuance of treasury stock of $0 and $61 respectively. Note 5 - Deferred Taxes The tax effect of significant temporary differences representing deferred tax assets and liabilities are as follows: (in thousands) September 30, January 1, 2000 2000 Deferred policy acquisition costs ...................... (1,500) (1,453) Policy liabilities 436 488 Unearned premiums 440 327 Claims liabilities 479 548 General insurance expenses ............................. 713 711 Alternative minimum tax credit carry forward ........... 244 314 Unrealized gains on securities available-for-sale ...... (3,662) (3,950) Other .................................................. 0 0 ------- ------- Net deferred tax liability ............................. (2,850) (3,015) ======= ======= Deferred taxes are determined based on the estimated future tax effects of differences between the financial statement and tax bases of assets and liabilities given the provisions of the enacted tax laws. 7 THE NATIONAL SECURITY GROUP, INC. NOTES TO FINANCIAL STATEMENTS (Continued) Note 6-Contingencies The Company and its subsidiaries continue to be named as parties to litigation related to the conduct of their insurance operations. These suits involve alleged breaches of contracts, torts, including bad faith and fraud claims based on alleged wrongful or fraudulent acts of agents of the Company's subsidiaries, and miscellaneous other causes of action. Most of these lawsuits include claims for punitive damages in addition to other specified relief. National Security Fire & Casualty Company, a subsidiary of the Company, was named as a defendant in a purported class action filed in Lee County, Alabama. On January 4, 2000 the Circuit Court of Lee County preliminarily approved a consent settlement to this action and the settlement was finalized in the second quarter of 2000. A provision for this settlement was reflected in the 1999 results of operations of the Company. During June and July of 2000 a subsidiary of the company, National Security Insurance Company, received inquiries from the Alabama and Georgia Departments of Insurance regarding the issuance of industrial life insurance policies with race based premiums. NSIC is currently investigating the matter and intends to fully cooperate with the inquiries of each Department. In two separate recently filed actions, NSIC is named as a defendant in purported class actions relating to the past sale of industrial burial insurance. The actions address whether the premiums charged were excessive relative to the benefit provided and whether the premiums charged were in any manner discriminatory relative to the race of the person insured. These actions are in the initial phases and no discovery has been undertaken and no class has been certified. The issues raised in these actions are similar to the issues pending in numerous other actions currently pending nationwide against numerous insurers. While NSIC did at one time sell industrial burial insurance, no such plans have been sold for several decades. The Company establishes and maintains reserves on contingent liabilities. In many instances, however, it is not feasible to predict the ultimate outcome with any degree of accuracy. While a resolution of these matters may significantly impact consolidated earnings and the Company's consolidated financial position, it remains management's opinion, based on information presently available, that the ultimate resolution of these matters will not have a material impact on the Company's consolidated financial position. However, it should be noted that instances of class action lawsuits against insurance companies appear to be increasing in several states in which insurance subsidiaries of the company operate. Also, in Alabama, where the Company's subsidiaries have substantial business, the possibility of a judgment in any given suit, including a large punitive damage award by a jury, bearing little or no relation to actual damages, continues to exists, creating the potential for unpredictable material adverse financial results. Note 7-Accounting for certain investments in debt and equity securities The Company's investment securities are classified in two categories and accounted for as follows: Securities Held-to-Maturity - Bonds, notes and redeemable preferred stock for which the Company has the positive intent and ability to hold to maturity are reported at cost, adjusted for amoritization of premiums and accretion of discounts which are recognized in interest using methods which approximate level yields over the period to maturity. Securities Available-for-Sale - Bonds, notes, common stock and non-redeemable preferred stock not classified as either held-to-maturity, or trading are reported at fair value, adjusted for other-than-temporary declines in fair value. The Company and its subsidiaries have no trading securities. 8 THE NATIONAL SECURITY GROUP, INC. NOTES TO FINANCIAL STATEMENTS (Continued) Unrealized holding gains and losses, net of tax, on securities available-for-sale are determined using the specific-identification method. Mortgage loans and policy loans are stated at the unpaid principle balance of such loans. Investment real estate is reported at cost, less allowance for depreciation computed on the straight-line basis. Short-term investments are carried at cost, which approximate market value. Investments with other than temporary impairments in value are written down to estimated realizable values. Note 8-Comprehensive Income Effective January 1, 1998 the Company and its subsidiaries adopted Statement of Financial Accounting Standards No. 130, Reporting Comprehensive Income (SFAS 130). Comprehensive income is defined as net income and all other changes in Stockholders' equity from transactions and events arising from non-owner sources. The primary additional component for The Company is unrealized investment gains and losses. Total comprehensive income, net of reclassification adjustment, was $2,633,000 and $631,000 at September 30, 2000 and 1999, respectively. 9 Item 2. MANAGEMENTS' DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS INTRODUCTION The following discussion addresses the financial condition of The National Security Group, Inc. as of September 30, 2000, compared with December 31, 1999 and its results of operations and cash flows for the nine months ending September 30, 2000, compared with the same period last year. The reader is assumed to have access to the Company's 1999 Annual Report. This discussion should be read in conjunction with the Annual Report and with consolidated financial statements on pages 3 through 6 of this form 10-Q. Information is presented in whole dollars. CONSOLIDATED RESULTS OF OPERATIONS Premium revenues: Premium revenues are derived from the sale of property and casualty and life, accident and health insurance in three subsidiaries. National Security Fire and Casualty Company (NSFC) and Omega One Insurance Company (Omega), are property and casualty insurance subsidiaries. National Security Insurance Company (NSIC) is a life, accident and health insurance subsidiary. For the nine months ended September 30, 2000 total premium revenues totaled $17,232,000 compared to $19,790,000 last year. 80% of total premium revenues in the first nine months of 2000 have been generated from the sale of property and casualty insurance, 16% of total premium revenues have been generated from the sale of life insurance, and the remaining 4% of total premium revenues have been generated from the sale of accident and health insurance. Premium revenue in the life, accident and health insurance subsidiary, National Security Insurance Company (NSIC), totaled $3,422,000 in the first nine months of 2000, compared to $3,063,000 in the same period last year, an increase of 12%. The increase in NSIC premium revenues is due to a 16% increase in life insurance sales. Life insurance sales in the first nine months of 2000 totaled $2,778,000 compared to $2,395,000 in the same period last year. The primary reason for the increase in new life insurance sales is the successful launch of a new method of distribution of NSIC's insurance products. NSIC has traditionally been a home service insurance company with employee agents selling and collecting insurance premiums in insured's homes. During 1998, in an effort to reach new markets, NSIC began offering independent agents the opportunity to sell life insurance. The program produced minimal results in 1998 and 1999, but has generated improved results in 2000. Premium revenue in the property/casualty insurance subsidiaries totaled $13,810,000 in the first nine months of 2000, compared to $16,727,000 in the same period last year, a decrease of 17%. The primary reason for the decline in property/casualty premium revenue is the discontinuation, during 1999 and 2000, of several unprofitable insurance programs managed by managing general agents. Due to unfavorable underwriting results, and in an effort to refocus on core lines of business, the management of NSFC and Omega eliminated the last significant managing general agent program in the second quarter of 2000. In an effort to improve operating results and increase premium revenue, management is now working on improving existing products that have performed well in the past and focus marketing efforts on existing profitable lines of business. 10 Net investment income: Net investment income was $3,262,000 for the first nine months of 2000, compared to $3,269,000 in the same period in 1999. Investment income for the first nine months of 2000 was composed of $2,762,000 in interest income, $494,000 in dividend income, and $6,000 in other investment income. Investment income for the same period in 1999 was composed of $2,759,000 in interest income, $504,000 in dividend income and $6,000 in other investment income. Realized capital gains and losses: Investment gains of $1.9 million were realized in the first nine months of 2000 compared to $1.7 million in the same period of 1999. Most of these gains were realized due to balancing of the insurance subsidiaries investment portfolios during the year. The Company's investment committee will reduce positions in stocks, which, due to increases in market value, become disproportionately large as a percent of the entire investment portfolio. Other income: Other income is $405,000 for the first nine months of 2000 compared to $304,000 for the same period last year. The increase in other income is due to an increase in billing fees collected on a new monthly bill auto program launched by Omega in the third quarter of 2000. Policyholder benefits and settlement expenses: Policyholder benefits and settlement expenses as a percent of earned premium is down significantly compared to last year, 60% versus 65%. Even more significant is the improvement shown in the three months ended September 30, 2000 compared to the same period last year. In the third quarter of 2000 policyholder benefits and settlement expenses were 49.9% of earned premium compared to 64% in the same period in 1999. The improvement in underwriting results is due to improved operating performance in the property and casualty insurance subsidiary. The most significant contributing factor to the improved operating performance is the previously mentioned elimination of two unprofitable commercial and private passenger general agent auto programs in the states of Louisiana and Georgia. The elimination of another general agent auto program in Florida is expected to further enhance underwriting performance in future periods. The property and casualty subsidiaries have also had moderate improvements in underwriting results from remaining programs. Policy acquisition costs: Policy acquisition costs are down $553,000 compared to last year, but as a percent of earned premium is the same as in 1999. Again, the primary factor contributing to the decrease in policy acquisition cost is the discontinuation of several managing general agent programs over the last two years. General insurance expenses: General insurance expenses are up primarily due to an increase contingent reserve on various actions discussed in note six to the financial statements. The insurance subsidiaries have also incurred an increase in cost associated with upgrading various insurance products including actuarial fees and marketing related expenses. Insurance taxes, licenses, and fees: Insurance taxes, licenses and fees are down due to a decrease in written premium. Insurance taxes are also down as a percent of premium earned due to the discontinuation of several program in states with higher tax rates. 11 Summary: The Company has a year to date net income of $3,305,000 versus net income of $2,872,000 in 1999. Improved underwriting results in the property/casualty subsidiaries and an increase of $236,000 in realized capital gains were the primary factors contributing to the increase in net income. Investments: Investments at September 30, 2000 were $82,321,000 compared to $82,861,000 at December 31, 1999. The most notable change in the composition of investments since December 31, 1999 is a decrease of $2,516,000 in equity securities. This decrease is primarily due to the sale of a portion of several positions that had significant increases in value relative to the entire portfolio. The proceeds from the sale of the equity securities were primarily reinvested in available for sale debt securities. Capital resources: At September 30, 2000, the Company had aggregate equity capital, unrealized investment gains (net of income taxes) and retained earnings of $43,227,000, up $1,339,000 from December 31, 1999. The increase reflects net income of $3,305,000, a decrease in unrealized investment gains of $672,000, dividends paid of $1,294,000. The Company has $2.5 million in notes from local banks which management intends to repay in full over the next four years. Liquidity: The liquidity requirements of the Company are primarily met by funds provided from operations of the life insurance and property/casualty subsidiaries. Premium and investment income, as well as maturities, calls, and sales of invested assets, provide the primary sources of cash for both subsidiaries. Cash is used in the subsidiaries for payments of policy benefits, the acquisition of new business (principally commissions), operating expenses, and purchases of new investments. The Company had $2,017,000 in cash and cash equivalents at September 30, 2000. Net cash provided in operating activities was $176,000 for the current period, compared to net cash used of $809,000 for the period ended September 30, 2000. The improved operating cash flow is primarily due to the previously discussed improvement in underwriting results and the resulting decrease in claim payments. The primary use of cash from operating activities was the repayment of liabilities, primarily previously reserved property and casualty claims. Cash used in investing activities was $178,000. Cash dividends paid to stockholders' of $1,294,000 and payments on notes payable of $207,000 were the primary uses of cash used in financing activities. 12 Part II. OTHER INFORMATION Item 6. Exhibits and Reports on Form 8-K See Exhibit Index 13 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed by the undersigned duly authorized officer, on its behalf and in the capacity indicated. The National Security Group, Inc. By /s/ M.L. Murdock M.L. Murdock Senior Vice President and Chief Financial Officer Dated: November 14, 2000 14 EXHIBIT INDEX Exhibit Description Page (a) 11 Statement Regarding Computation of Per Share Earnings Filed Herewith; See Note 3 to Financial (b) Form 8-K Incorporated by reference to the Registrant's Current Report on Form 8-K filed on July 27, 2000. 15 EX-27 2 0002.txt FINANCIAL DATA SCHEDULE
7 1000 9-Mos DEC-31-2000 JAN-01-2000 SEP-30-2000 25,296 29,519 29,326 25,160 94 1,558 82,321 2,017 3,688 4,412 96,574 18,973 7,267 16,678 1,534 2,465 0 0 2,340 40,887 96,574 17,232 3,262 1,912 405 10,352 3,691 4,479 4,289 984 3,305 0 0 0 3,305 1.61 1.61 0 0 0 0 0 0 0
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