EML Financial Statements definition

EML Financial Statements means the unaudited consolidated financial statements of EML as at and for the nine-month period ended September 30, 2004 and the unaudited consolidated financial statements of EML as at and for the years ended December 31, 2003, December 31, 2002 and December 31, 2001, including in each case a consolidated balance sheet, a consolidated statement of income, and a consolidated statement of equity.
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Examples of EML Financial Statements in a sentence

  • EML Financial Statements have been derived from the accounting books and records of EML and have been prepared on a basis consistent with U.S. GAAP, subject, in the case of interim unaudited EML Financial Statements, only to normal recurring year-end adjustments.

  • The aggregate reserves of EML as recorded in the EML Financial Statements and EML Statutory Financial Statements have been determined in accordance with generally accepted actuarial principles consistently applied (except as set forth therein).

  • The insurance reserving practices and polices of EML have not changed, in any material respect, since December 31, 2003, and the results of the application of such practices and policies are reflected in the EML Financial Statements and EML Statutory Financial Statements.

  • The EML Financial Statements have not been audited and do not include a statement of cash flows or the required footnote disclosures.

  • The consolidated balance sheets included in the EML Financial Statements present fairly in all material respects the consolidated financial position of EML as at the respective dates thereof, and the consolidated statements of income and consolidated statements of equity included in such EML Financial Statements present fairly in all material respects the consolidated results of operations and consolidated equity of EML for the respective periods indicated.

  • All reserves of EML set forth in the EML Financial Statements and EML Statutory Financial Statements are fairly stated in accordance with sound actuarial principles and meet the requirements of the insurance laws of the Commonwealth of Pennsylvania, except where the failure to so state such reserves or meet such requirements would not have or be reasonably likely to result in an EML Material Adverse Effect.