Finance and Business Economics 524

The Financial System 2005

Handouts for Classes:

Week 3 - September 14, 2005

See the page on optional reading for the websites for the below-listed companies.

(1) Flow of Funds 1994-2005 - We will discuss the "levels" tables for "Life Insurance Companies (L117)" to "Funding Corporations (L131)" pages 67 to 73 on the document but numbered 72 to 78 on the PDF file here.

(2) Torchmark Corporation (a) Value Line Investment Survey Report (one page) (b) 2004 Annual Report (PDF document) -- Bring only only Consolidated Financial Statements on pages 10 and 11 (12 and 13 in the PDF file) that are the income statement and balance sheet as reported by this life and health insurance company.

(3) Progressive Corporation (a) Value Line Investment Survey Report (one page) (b) 2004 Annual Report (PDF document) -- Bring only Consolidated Financial Statements on page 30 to 36 (page 32 to 35 in the PDF file) that are the income statement and balance sheet as reported by this property and casualty insurance company.

(4) T. Rowe Price  (a) Value Line Investment Survey Report (one page) (b) 2004 Annual Report  -- Bring only only Consolidated Financial Statements on pages 31 to 33 (pages 35 to 37 in the PDF file) that are the income statement and balance sheet as reported by this mutual fund management company.

(5) A. G. Edwards (a) Value Line Investment Survey Report (one page) (b) 2005 Annual Report (PDF document) -- Bring only only Consolidated Financial Statements on pages 26 to 28 (pages 28 and 31 in the PDF file) that are the income statement and balance sheet as reported by this securities brokerage firm.