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Free reserves |
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| SMMI's retained surplus in 2005 increased free reserves by GBP 8. The Club's management has elected to raise its current level of free reserves of USD 132 million by calling its current release calls, set at 15% for the open policy years 2004, 2005 and 2006, as additional calls. The available earnings to be carried forward of CHF 229,550,139 will be appropriated to the free reserves. |
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