report_id stringlengths 1 60 | paragraph_nr int64 0 28.3k | text stringlengths 21 14.6k | n_words int64 11 2.31k | filing_type stringclasses 2
values |
|---|---|---|---|---|
gb_prudential-AR_2006 | 1,421 | As a provider of financial services, including insurance, the Group’s business is the managed acceptance of risk. Prudential believes that effective risk management capabilities are a key competitive advantage and a strategic risk, capital and value management framework and risk management culture has been developed to enhance the Group’s embedded and franchise value. | 53 | annual_report |
4700 | 281 | For the year ended April 30, 2013, the Company reported a net loss of $34,943 and has reported an accumulated deficit of $4,260,646 as of April 30, 2013. | 28 | 10K |
4770 | 1,964 | Vesting of awards granted to non-executive officers in 2012 is subject to the same terms as the executive officer awards, except that the non-executive officer awards are not subject to the 2012 Relative TSR Measure. | 35 | 10K |
nl_ing_grp-AR_2012 | 5,616 | REINSURANCE The practice whereby one party, called the reinsurer, in consideration for a premium paid to him, agrees to indemnify another party, called the reinsured or ceding company, for part or all of the liability assumed by the reinsured under a contract or contracts of insurance which the reinsured has issued. The reinsured may also be referred to as the original or primary insurer, the direct writing company, or the ceding company. | 72 | annual_report |
1720 | 738 | The Company's real estate and real estate joint venture investments consist of commercial and agricultural properties located throughout the U.S. and Canada. The Company manages these investments through a network of regional offices overseen by its investment department. At December 31, 2001 and 2000, the carrying value of the Company's real estate and real estate joint ventures was $5,730 and $5,504 million, respectively, or 3.4% of | 66 | 10K |
INGGroepNV-AR_2016 | 1,280 | Important dates in 2017 1 2017 Annual General Meeting 8 May 2017 Ex-date for final dividend 2016 (Euronext Amsterdam) | 19 | annual_report |
2464 | 1,225 | The Company elected to set the discount rate assumption at the measurement date for the Scheme to reflect the yield of a portfolio of high quality fixed income debt instruments matched against the timing and amounts of projected future benefits. The discount rate assumptions were 5.30 percent and 5.50 percent as of December 31, 2004 and 2003, respectively. | 58 | 10K |
5035 | 434 | Year Ended December 31, 2015 compared to Year Ended December 31, 2014 | 12 | 10K |
nl_ing_grp-AR_2012 | 1,161 | TRANSACTIONS INVOLVING ACTUAL OR POTENTIAL CONFLICTS OF INTEREST In accordance with the Corporate Governance Code, transactions with members of the Supervisory Board in which there are significant conflicting interests will be disclosed in the Annual Report. In deviation of the Corporate Governance Code however, this does not apply if (i) such disclosure would be against the law; (ii) the confidential, share-price sensitive or competition-sensitive character of the transaction prevents such disclosure; and/or (iii) the information is so competition-sensitive that disclosure could damage the competitive position of ING Group. | 88 | annual_report |
NatwestGroupPLC-AR_2017 | 5,459 | Finland Koy Espoon Entresse II BF FC c/o Nordisk Renting OY, Eteläesplanadi 12, Box 14044, FI-00130, Helsinki | 17 | annual_report |
5632 | 625 | Interest income represents income earned on operating cash balances and other income-producing investments. It does not include interest earned on funds held on behalf of clients. Interest income was $27 million in 2017, an increase of $18 million, or 200%, from 2016, due primarily to additional income earned on the balance of cash proceeds from the Divested Business. | 58 | 10K |
4422 | 1,262 | Net losses and LAE increased by $92.9 million in the year ended December 31, 2010 as compared with the year ended December 31, 2009, primarily due to the increase in losses arising from major catastrophes in 2010. Net losses and LAE arising from major catastrophes were $232.4 million and $42.6 million for the years ended December 31, 2010 and 2009, respectively. The increase in losses from major catastrophes was partially offset by the increase in net favorable loss development. Net favorable loss development was $36.9 million and $14.3 million in 2010 and 2009, respectively. Net losses arising from major catastrophes, with related premium adjustments, increased the net loss and LAE ratio by 54.3 points and 7.5 points for the years ended December 31, 2010 and 2009, respectively. Net favorable loss development and related premium adjustments decreased the net loss and LAE ratio by 9.2 points and 3.2 points in 2010 and 2009, respectively. The resulting loss ratio, excluding catastrophes and development, decreased due to a lower proportion of crop business, which had a higher loss ratio than the remainder of the segment, and a higher proportion of catastrophe business, which had a lower loss ratio than the remainder of the segment. Net favorable loss development for the year ended December 31, 2010 was primarily attributable to a level of cumulative losses reported by our ceding companies that was lower than we expected and that, in our judgment, resulted in sufficient credibility in the loss experience to change our previously selected loss ratios. The change in our estimate of the administrative costs of managing claims in the year ended December 31, 2010 decreased the net loss and LAE ratio by 0.3 points. | 281 | 10K |
AegonNV-AR_2018 | 1,677 | Code of Conduct Aegon’s Code of Conduct embodies the company’s values and helps ensure that all employees act ethically and responsibly. | 21 | annual_report |
gb_prudential-AR_2011 | 4,355 | Deficit recognised in the statement of financial position (229) (447) (437) (306) (355) | 13 | annual_report |
4529 | 28,250 | Authorized Control Level - results when Total Adjusted Capital falls below 50% of Company Action Level RBC as defined by the NAIC where in addition to the above, the insurance regulators are permitted but not required to place the Company under regulatory control; and | 44 | 10K |
374 | 1,116 | In 1995, the Company formed Health Care-One, which markets insurance products for non-affiliated insurance carriers. The Company owns 50% of Health Care-One. The Company is providing financing to Health Care-One during the start-up phase of operations. Health Care-One's revenue and expenses were $4,365,000 and $4,121,000 respectively, in 1996. Health Care-One's operations were not significant in 1995. Through December 31, 1996, the Company had loaned Health Care-One approximately $1,230,000 in the form of first-year commission advances. These advances will be repaid in the future through positive cash flows generated from renewal commissions, from advanced commissions from non-affiliated insurance carriers, and if and when profits are recognized from continuing operations. The minority interest in pre-tax income subject to profit-sharing and recognized by the Company is $44,000 at December 31, 1996. | 128 | 10K |
1377 | 758 | The following table sets forth revenue (in thousands) by product group for the years ended December 31, 1999, 1998, and 1997: | 21 | 10K |
Sampoplc-AR_2014 | 1,036 | The Actuarial Committee (AC) is a preparatory and advisory body for If P&C’s Chief Actuary. The committee shall secure a comprehensive view over reserve risk, discuss and give recommendations on policies and guidelines for calculation of technical provisions, as well as consider and propose changes to the Risk Data Policy. | 50 | annual_report |
3095 | 823 | The Company is taxed at regular corporate rates after adjusting income reported for financial statement purposes for certain items. Deferred income tax expenses/benefits result from changes during the year in cumulative temporary differences between the tax basis and book basis of assets and liabilities. | 44 | 10K |
gb_lloyds_banking_grp-AR_2008 | 1,099 | Lloyds Banking Group Annual Report and Accounts 2008 risk as a strategiC differentiator | 13 | annual_report |
fr_axa-AR_2009 | 9,228 | An audit involves performing procedures, on a test basis or by selection, to obtain audit evidence about the amounts and disclosures in the consolidated fi nancial statements. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as the overall presentation of the consolidated fi nancial statements. We believe that the audit evidence we have obtained is suffi cient and appropriate to provide a basis for our audit opinion. | 81 | annual_report |
3759 | 819 | As of December 31, 2008, we had cash and cash equivalents of $176 million, compared with $200 million at December 31, 2007, and all of | 25 | 10K |
5098 | 1,625 | The impairment charges of our fixed-maturities and equity securities for the years ended December 31, 2015, 2014 and 2013 are presented in the table below: | 25 | 10K |
Sampoplc-AR_2008 | 552 | | Quantification of Credit Risks ............................. 65 8 Liquidity Risks ....................................................68 | 11 | annual_report |
AegonNV-AR_2018 | 1,898 | States was estimated to be 465% (2017: 472%) of the CAL | 11 | annual_report |
de_allianz-AR_2009 | 2,213 | Share of other comprehensive income of associates Reclassifications to net income 6 — — Changes arising during the year 26 (107) 112 | 22 | annual_report |
RSAInsuranceGroupPLC-AR_2017 | 3,893 | Amortisation of intangible assets (15) (15) (15) Pension net interest and administration costs (7) (7) (7) | 16 | annual_report |
5193 | 1,575 | The Company previously placed MCC into voluntary run-off in early 2011. At the time it was placed into voluntary run-off, MCC's RBC was 160%. MCC entered into a comprehensive run-off plan approved by the Illinois Department of Insurance in June 2011. MCC remains in compliance with that plan. As of December 31, 2016, MCC's RBC was 833%. | 57 | 10K |
de_allianz-AR_2003 | 2,798 | mn and Allianz Finance II B. V. ¤171(2002: 80; 2001: 0) mn. | 12 | annual_report |
3430 | 1,066 | Interest Paid, including facility fees, for the years ended December 31, 2007, 2006 and 2005, was: | 16 | 10K |
3021 | 2,841 | Other invested assets: Consisting principally of hedge funds and limited partnerships. Fair values are determined based on the net asset values provided by the general partner or manager of each investment. | 31 | 10K |
fr_axa-AR_2015 | 7,777 | These 50 AXA Miles shares granted in 2012 will vest upon completion of a two or four year vesting period (i.e. in 2014 or 2016) depending on applicable local regulations, and subject to fulfi lment of certain conditions. | 38 | annual_report |
nl_ing_grp-AR_2015 | 510 | Regulation and the operating environment New European Union (EU) legislation will have an impact on the retail banking operating environment in European countries where we are active. Proposals for additional regulation following on Basel III/CRD IV will likely impact capital requirements and therefore lending levels. The Payment Services Directive-II (PSD-II), to be implemented in 2017, will allow non-bank competitors to offer thirdparty payment services to consumers. The EU is also preparing legislation for a Digital Single Market enabling the free flow of digital products and services across Europe. This will help digital service providers to quickly achieve scale across borders. | 100 | annual_report |
4315 | 1,000 | Workers’ compensation results were profitable in 2010 and 2009 compared with highly profitable results in 2008. Results in these years benefited from our disciplined risk selection during the past several years. Results in 2010 and 2009 were less profitable than the respective prior year due in part to the cumulative effect of rate decreases over the past several years. Prior year loss development was slightly favorable in 2010, slightly unfavorable in 2009 and modestly favorable in 2008. | 77 | 10K |
2689 | 403 | The Company monitors its investments closely. If an unrealized loss is determined to be other than temporary it is written off as a realized loss through the Consolidated Statements of Operations. The Company's methodology of | 35 | 10K |
2587 | 1,165 | The following table summarizes White Mountains Re's premium estimates and related commissions and expenses: | 14 | 10K |
342 | 187 | CLAIM AND CLAIM SETTLEMENT EXPENSES. Claim and claim settlement expenses increased to $39.1 million in 1996 from $28.1 million in 1995. As a percentage of premiums earned, claim and claim settlement expenses increased to 62.0% in 1996 from 61.8% in 1995. These changes are due to the following: | 48 | 10K |
4836 | 712 | The loss and settlement expense ratio for the reinsurance segment decreased to 68.3 percent in 2012 from 96.6 percent in 2011. This decrease was primarily attributed to the rate level increases previously noted and a decline in catastrophe and storm losses. While less than 2011, catastrophe and storm losses were well above average in 2012. During 2012, the reinsurance segment had three events, including Superstorm Sandy, which exceeded the $4,000 retention amount under the excess of loss agreement. Losses from these three events totaled $23,722, with $12,000 retained by the reinsurance segment and the remaining $11,722 ($11,000 from Superstorm Sandy alone) ceded to Employers Mutual. During 2011, the reinsurance segment experienced an unprecedented five events with losses greater than the $3,000 retention amount. Losses from those five events totaled $31,500 at December 31, 2011, with $15,000 retained by the reinsurance segment and the remaining $16,500 ceded to Employers Mutual. During 2012, the reinsurance segment also incurred $6,057 of losses on U.S. multi-peril crop reinsurance programs that resulted from the severe drought conditions that existed in much of the United States. Because the losses from the crop reinsurance programs were not attributable to a specific event, they were not subject to the $4,000 cap on losses per event under the excess of loss agreement. The favorable development experienced on prior years’ reserves in 2012 was primarily from the HORAD book of business, and reflected a reduction in IBNR reserves for prior accident years that was greater than the actual losses reported for those accident years. | 254 | 10K |
nl_ing_grp-AR_2010 | 1,404 | FAIR VALUES OF REAL ESTATE Real estate investments are reported at fair value; all changes in fair value are recognised directly in the profit and loss account. The fair value of real estate investments is based on regular appraisals by independent qualified valuers. The fair values represent the estimated amount for which the property could be exchanged on the date of valuation between a willing buyer and willing seller in an at-arm’slength transaction after proper marketing wherein the parties each acted knowledgeably, prudently and without compulsion. The valuations are based on the assumption that the properties are let and sold to third parties based on the actual letting status. The valuations are based on a discounted cash flow analysis of each property. The discounted cash flow analyses are based on calculations of the future rental income in accordance with the terms in existing leases and estimations of the rental values when leases expire. | 153 | annual_report |
LloydsBankingGroupPLC-AR_2010 | 4,076 | The disclosures in columns (a) to (d) are as required under section 421 of the Companies Act 2006. | 18 | annual_report |
4471 | 3,133 | The Company has elected the FVO for the long-term debt of CSEs. See “- Valuation Techniques and Inputs by Level Within the Three-Level Fair Value Hierarchy by Major Classes of Assets and Liabilities” below for a discussion of the methods and assumptions used to estimate the fair value of these financial instruments. | 52 | 10K |
StandardLifeAberdeenPLC-AR_2009 | 1,227 | During the year, a loan was made to the HWPF by Standard Life plc, repayment of which is contingent on the emergence of recourse cash flows and surplus in the HWPF (‘contingent loan agreement’). A transfer to equity holders was then made to transfer the remaining unallocated surplus to equity holders without equity holder tax arising. As a result of this the market risk associated with unallocated surplus was reduced. Future transfers to equity holders from the HWPF will, in the first instance, take the form of repayments under the contingent loan agreement. Such transfers can be made without equity holder tax arising for a number of years. Over time the actual effective tax rate on these transfers to equity holders will move toward the standard rate of corporation tax. The impact of this on current year results is provided in Note 2.2(a) – Segmental analysis – covered business – Segmental EEV income statement. | 154 | annual_report |
BeazleyPLC-AR_2015 | 1,740 | Notes to the financial statements continued 2 Risk management continued The next two tables summarise the carrying amount at reporting date of financial instruments analysed by maturity date. | 28 | annual_report |
4779 | 1,224 | During the year ended December 31, 2012, income (loss) from continuing operations, net of income tax, decreased $5.1 billion from the year ended December 31, 2011. The change was predominantly due to a $6.7 billion ($4.4 billion, net of income tax), unfavorable change in net derivative gains (losses) primarily driven by changes in interest rates, the weakening of the U.S. dollar and Japanese yen, equity market movements, decreased volatility and the impact of a nonperformance risk adjustment. In addition, 2012 includes a $1.9 billion ($1.6 billion, net of income tax) non-cash charge for goodwill impairment associated with our U.S. Retail annuities business. Also, 2012 includes a $1.2 billion ($752 million, net of income tax) charge associated with the global review of assumptions related to deferred policy acquisition costs (“DAC”), reserves and certain intangibles, of which $526 million ($342 million, net of income tax) was reflected in net derivative gains (losses). Also included in income (loss) from continuing operations, net of income tax, were the unfavorable results of the Divested Businesses, which decreased $724 million ($476 million, net of income tax) from 2011. These declines were partially offset by a $1.0 billion, net of income tax, increase in operating earnings available to common shareholders. | 203 | 10K |
BeazleyPLC-AR_2015 | 1,761 | Reinsurance This segment specialises in writing property catastrophe, property per risk, casualty clash, aggregate excess of loss and pro-rata business. | 20 | annual_report |
NatixisSA-AR_2015 | 9,046 | Following the Company’s dissolution and during its liquidation, these copies or extracts are certifi ed by one or more of the liquidators. | 22 | annual_report |
5722 | 1,137 | Level 2. Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs are observable in active markets. Level 2 includes those financial instruments that are valued using industry-standard pricing methodologies, models or other valuation methodologies. Various inputs are considered in deriving the fair value of the underlying financial instrument, including interest rate and yield curves, credit spread, and foreign exchange rates. All significant inputs are observable, or derived from observable information in the marketplace or are supported by observable levels at which transactions are executed in the marketplace. Financial instruments in this category primarily include: certain public and private corporate fixed-maturity and equity securities; government or agency securities; and certain mortgage- and asset-backed securities; and | 134 | 10K |
4780 | 736 | RGA established an intercompany revolving credit facility where certain subsidiaries can lend to or borrow from each other and from RGA in order to manage capital and liquidity more efficiently. The intercompany revolving credit facility, which is a series of demand loans among RGA and its affiliates, is permitted under applicable insurance laws. This facility reduces overall borrowing costs by allowing RGA and its operating companies to access internal cash resources instead of incurring third-party transaction costs. The statutory borrowing and lending limit for RGA’s Missouri-domiciled insurance subsidiaries is currently 3% of the insurance company’s admitted assets as of its most recent year-end. There was $50.0 million outstanding under the | 110 | 10K |
INGGroepNV-AR_2020 | 1,915 | As per December 2020 ING’s total forborne assets increased by €10.3 billion (108.8%) against | 14 | annual_report |
4747 | 512 | predetermined thresholds. Similarly, in some circumstances, companies that cede business to the Reinsurance Operations are paid profit commissions based on the profitability of the ceded portfolio. These commissions are charged to other underwriting expenses when incurred. The liability for the unpaid portion of these commissions, which is stated separately on the face of the consolidated balance sheet as contingent commissions, was $12.7 million and $9.9 million as of December 31, 2013 and 2012, respectively. | 74 | 10K |
4763 | 1,085 | A decline in the property line of business compared to 2012 as the Company reduced participation on a few large contracts where pricing was inadequate. Compared to 2011, net premiums were higher in this line of business as a result of the renewal of new business recorded at the Company’s U.S., Zurich and Singapore offices in 2012 partially offset by the reductions noted above; | 64 | 10K |
NatixisSA-AR_2007 | 9,608 | Caisse d’Epargne enter into exclusive negotiations concerning the creation of Natixis. | 11 | annual_report |
fr_axa-AR_2004 | 2,185 | In 2004, a corporation controlled by an investor group including certain members of the Supervisory Board and the Management Board of the Company engaged AXA Millesimes, a wholly-owned subsidiary of the Company, to manage a nineyard owned by the corporation and provide services related to the vineyard's wine production. The agreement was entered into on an arms-length basis and reflects prevailing terms and conditions for similar transactions. | 67 | annual_report |
fr_axa-AR_2004 | 1,351 | Difference in scope of consolidation (67) 260 (217) Goodwill and purchase accounting (839) (777) (1,260) Investment accounting and valuation 2,581 4,456 2,670 Derivatives and hedging activities 156 463 192 Property &Casualty reserves 277 269 260 Deferred acquisition costs and equivalent (236) (249) (127) Employee benefit and share based compensation (2,007) (2,161) (1,966) | 52 | annual_report |
326 | 550 | The amounts included in the foregoing table do not include any amortization of DAC resulting from the sale of new products after December 31, 1996. Any changes in future annual amortization of this asset are not expected to have a significant effect on results of operations because the amount of amortization is expected to be proportionate to the profits from the produced policies, net of interest on DAC. | 68 | 10K |
HannoverRueckSE-AR_2018 | 367 | The price increases observed on the primary insurance side in 2017 were sustained throughout 2018. The most striking rate increases were recorded in industrial property business. | 26 | annual_report |
4378 | 957 | The judgments and estimates related to fair value and other-than-temporary impairment may ultimately prove to be inaccurate due to many factors including: circumstances may change over time, industry sector and market factors may differ from expectations and estimates or we may ultimately sell a security we previously intended to hold. Our assessment of the financial | 55 | 10K |
SwissReAG-AR_2014 | 2,042 | The determination for whether a Group EC member has met the guidelines will include all vested shares that are owned directly or indirectly by the relevant members and related parties. | 30 | annual_report |
AvivaPLC-AR_2008 | 2,366 | Property and equipment held for sale (see (i) below) 102 – Assets of operations classified as held for sale (see (ii) below) 1,448 1,128 | 24 | annual_report |
NatwestGroupPLC-AR_2014 | 9,170 | RCR, excluding derivatives, was £14.9 billion at 31December 2014 following significant reductions during 2014. Although the Group to date has successfully reduced the size of the RCR portfolio, the remaining assets in RCR may be difficult to sell and could be subject to further write downs or, when sold, realised losses. The CRG also includes the Group’s stake in the Williams & Glyn business as well as its remaining stake in | 71 | annual_report |
AegonNV-AR_2000 | 1,170 | The combined ratio is the sum of the ratio of net incurred claims to net premiums earned and the ratio of net commissions and expenses to premiums own account. Although a ratio over 100% suggests a loss, the ratio does not include investment income. With the inclusion of investment income in the calculation, all of AEGON’s major product lines except legal liability motor were profitable. | 65 | annual_report |
2127 | 9,187 | The majority of GAFRI's fixed rate annuity products permit GAFRI to change the crediting rate at any time, subject to minimum interest rate guarantees (as determined by applicable law). Approximately one-half of GAFRI's annuity benefits accumulated relate to policies that have a minimum guarantee of 3%; the | 47 | 10K |
4389 | 1,124 | For U.S. earthquake, the regional limits shown are for earthquake ground motion damage only, i.e., excluding limits for contracts that do not specifically cover earthquake damage but may provide coverage for fire following an earthquake event. Contracts which provide coverage for multiple regions are included in the totals for each potentially exposed zone, therefore the limits for a single multi-zone policy may be included within several different zone limits. | 69 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2016 | 1,532 | The revenue of the investments segment constitutes of investment activity conducted with the use of PZU Group’s own funds defined as the surplus of investments over technical provisions in the PZU Group insurance companies seated in Poland (PZU, LINK4, and PZU Życie) increased by the surplus of investment income exceeding the risk-free rate from investments matching the value of technical and insurance provisions in the insurance products of PZU, Link4, and PZU Życie, i.e. the surplus of investment income of PZU, | 81 | annual_report |
5657 | 1,156 | We capitalize the incremental costs that directly relate to the successful sale of insurance contracts, subject to ultimate recoverability, and we subsequently amortize such costs to underwriting expenses as the related premiums are earned. Direct incremental acquisition costs include commissions, premium taxes and certain other costs associated with successful efforts. We expense all other underwriting costs as incurred. The recoverability of capitalized insurance policy acquisition costs generally reflects anticipation of investment income. The unamortized balances are included in other assets and were $2,658 million and $2,529 million at December 31, 2018 and 2017, respectively. | 94 | 10K |
INGGroepNV-AR_2007 | 429 | On the retail side, ING IM America’s successful ‘Going Global’ campaign continued to attract signifi cant infl ows, with EUR 945 million in 2007. Several new funds expanded the international lineup including ING Asia Pacifi c Real Estate and ING European Real Estate, and two new closed-end funds, the ING Asia Pacifi c High Dividend Equity Income Fund and the ING International High Dividend Equity Income Fund. This brings total closed-end fund assets to EUR 3.3 billion. All new funds use ING’s varied investment capabilities and regional expertise to create customised global solutions for investors. | 95 | annual_report |
5811 | 1,154 | Financial instruments that potentially subject us to concentrations of credit risk consist primarily of cash equivalents, investment securities, premium receivables and instruments held through hedging activities. All investment securities are managed by professional investment managers within policies authorized by our Board of Directors. Such policies limit the amounts that may be invested in any one issuer and prescribe certain investee company criteria. Concentrations of credit risk with respect to premium receivables are limited due to the large number of employer groups that constitute our customer base in the states in which we conduct business. As of December 31, 2020, there were no significant concentrations of financial instruments in a single investee, industry or geographic location. | 115 | 10K |
gb_lloyds_banking_grp-AR_2014 | 6,013 | NOTE 54: FINANCIAL RISK MANAGEMENT (CONTINUED) All reviews performed in the good book, Business Support Unit within Commercial Banking or in the Run‑off division include analysis of latest financial information, a consideration of the market and sector the customer operates in, performance against plan and revised terms and conditions granted as part of the forbearance concession. | 56 | annual_report |
de_allianz-AR_2014 | 1,669 | Furthermore, we have put in place standards for hedging activities due to exposures to fair value options embedded in life insurance products. Life/Health operating entities carrying these exposures are required to follow these standards, including making a conscious decision on the amount of hedging.1 The hedging of risks stemming 1 For further information about the risk concentration in the Life/Health business segment, please refer to note 20 to the consolidated financial statements. | 72 | annual_report |
5695 | 742 | Ambac’s non-VIE debt investment portfolio is accounted for on a trade-date basis and consists primarily of investments in fixed income securities that are considered available-for-sale as defined by the Investments - Debt Securities Topic of the ASC. Available-for-sale debt securities are reported in the financial statements at fair value with unrealized gains and losses, net of deferred taxes, reflected in Accumulated Other Comprehensive Income (Loss) in Stockholders’ Equity and computed using amortized cost as the basis. For purposes of computing amortized cost, premiums and discounts are accounted for using the effective interest method over a future term of the security. For structured debt securities with a large underlying pool of homogenous loans, such as mortgage-backed and asset-backed securities, premiums and discounts are adjusted for the effects of actual and anticipated prepayments. For other fixed income securities, such as corporate and municipal bonds, discounts were amortized or accreted over the remaining term of the securities. Ambac adopted ASU 2017-08, Receivables-Nonrefundable Fees and Other Costs (Subtopic 310-20) - Premium Amortization on Purchased Callable Debt Securities, on January 1, 2019. ASU 2017-08 shortened the amortization period for the premium on callable debt securities to the earliest call date. Under previous GAAP, Ambac generally amortized the premium over the contractual life (i.e. maturity) of the debt security and if that debt security was called, we would record a loss equal to the unamortized premium. | 230 | 10K |
GjensidigeForsikringASA-AR_2011 | 2,533 | As part of its ongoing financial management, the Company has undertaken to invest up to NOK 746.0 million (705.8) in various private equity and real estate investments, over and above amounts recognised in the balance sheet. Investments in private equity and real estate funds totalled NOK 1,496.6 million (1,303.6) at the end of the year. | 55 | annual_report |
HannoverRueckSE-AR_2011 | 4,966 | The Finance and Audit Committee considered inter alia the consolidated annual and quarterly financial statements drawn up in accordance with IFRS and the corresponding individ | 25 | annual_report |
AegonNV-AR_2017 | 187 | A summary of historical financial data is provided in the table below. It is important to read this summary in conjunction with the consolidated financial statements and related notes (see pages 147-308) of this Annual Report. | 36 | annual_report |
de_allianz-AR_2013 | 1,930 | Change in presentation of discounted loss reserves in the business segment Property-Casualty Effective 1 January 2013, the Allianz Group prospectively changed its presentation of discounted loss reserves in the consolidated balance sheet from the line item “Reserves for loss and loss adjustment expenses” to the line item “Reserves for insurance and investment contracts”. In the consolidated income statement, the unwinding of the discounted loss reserves is now presented in “Change in reserves for insurance and investment contracts (net)”. | 78 | annual_report |
4534 | 1,424 | An entity is considered the primary beneficiary and is required to consolidate a VIE if its variable interest: (i) gives it the power to most significantly impact the economic performance of the VIE; and (ii) has the obligation to absorb losses or the right to receive residual benefits that could potentially be significant to the VIE. For all VIEs in which we have a variable interest, we determine whether we are the primary beneficiary. In determining whether we are the primary beneficiary, a number of factors are considered, including the structure of the entity, provisions in our contracts that grant us additional rights to influence or control the economic performance of the VIE upon the occurrence of an event of default or a servicer termination event or the breach of a performance trigger, and our obligation to absorb significant losses. Due to the continued deterioration of the performance of many of our financial guaranty transactions, the breach of these performance tests or other events giving rise to our right to influence or control the economic performance of the VIE could occur. When we obtain control rights, we perform an analysis to reassess our involvement with these VIEs to determine whether we have become the primary beneficiary. | 206 | 10K |
nl_ing_grp-AR_2017 | 694 | It has united operational services in two strategic centres in Bratislava and Manila, supporting our ambition to improve and standardise Wholesale Banking. For example, we now offer Financial Markets clients collateral management services from one hub that provides a single unified offering. This consolidation of expertise enables us to test new artificial intelligence and robotics solutions to optimise client services. For example, we are preparing to launch ING’s first Wholesale Banking chatbot – called Bill – on InsideBusiness. And we are working with fintech Axyon.AI on a tool that applies neural networks to make financial predictions. We will invest even more in automation and robotics to make processes faster and smoother in the future. | 114 | annual_report |
4628 | 1,062 | On January 25, 2010, the Company entered into a definitive purchase agreement with The Westaim Corporation (“Westaim”) to sell all of the issued and outstanding shares of Jevco to Westaim. On March 29, 2010, after receipt of all required regulatory approvals, the sale was completed for a purchase price of C$263.3 million subject to certain future contingent adjustments. The contingent adjustments included up to a C$20.0 million decrease in the purchase price relating to specific future adverse development in Jevco's provision for unpaid loss and loss adjustment expenses at the end of 2012. On March 31, 2011, the Company settled the C$20.0 million contingent adjustments related to the Jevco transactions for C$17.8 million, recording a pre-tax loss of $2.3 million. As a result of the disposal of Jevco, the Company realized an after-tax loss of zero and $1.9 million for the years ended December 31, 2012 and 2011, respectively. | 149 | 10K |
NatixisSA-AR_2017 | 4,489 | In order to meet financing requirements for movable assets (involving air, sea or land transportation), real estate, corporate acquisitions (LBO financing) or commodities, Natixis may be required to create structured entities around a specific financial transaction on behalf of a customer. | 41 | annual_report |
NatwestGroupPLC-AR_2007 | 5,229 | If a corporate US Holder is subject to UK corporation tax by reason of carrying on a trade in the UK through a permanent establishment and its ordinary share, non-cumulative dollar preference share or ADS is, or has been, used, held or acquired for the purposes of that permanent establishment, certain provisions introduced by the Finance (No. 2) Act 2005 will apply if the US Holder holds its ordinary share, noncumulative dollar preference share or ADS for a “tax avoidance purpose”. If these provisions apply, dividends on the ordinary share, non-cumulative dollar preference share, ordinary ADS or preference ADS, as well as certain fair value credits and debits arising in respect of such share or ADS, will be brought within the charge to UK corporation tax on income and the UK tax position outlined in the preceding paragraphs will not apply in relation to such US Holder. | 147 | annual_report |
4367 | 1,528 | Loss development As shown in Note O - “Insurance - Property and Casualty Insurance Reserves,” AFG’s property and casualty operations recorded favorable loss development of $69 million in 2011, $158 million in 2010 and $198 million in 2009 related to prior accident years. Major areas of favorable (adverse) development were as follows (in millions): | 54 | 10K |
SwissReCorporateSolutions-AR_2018 | 388 | Assets and liabilities Balance as of 1 January 16 16 –76 –76 | 12 | annual_report |
5655 | 1,037 | We have established a liability reserve of $10.0 million, net of tax, for probable liabilities and expenses associated with a tax compliance matter as of December 31, 2018 as described in Item 7. "Management's Discussion Analysis of Financial Conditions and Results of Operations", which represents management’s best estimate. We have disclosed an estimated range related to probable liabilities and expenses of $6.0 million to $52.5 million, net of tax. This estimate and range includes projected settlement amounts payable to the IRS, as well as estimated increased payout obligations to current and former holders of non-compliant domestic life insurance policies expected to result from remediation of those policies. The amount of our liabilities and expenses depend on a number of uncertainties, including the number of prior tax years for which we may be liable to the IRS, the number of domestic life insurance policies we will be required to remediate, and the methodology applicable to the calculation of the tax liabilities for policies. Given the range of potential outcomes and the significant variables assumed in establishing our estimates, actual amounts incurred may exceed our reserve and exceed the high end of our estimated range of liabilities and expenses. | 197 | 10K |
5131 | 1,906 | PartnerRe U.S. may declare dividends subject to it continuing to meet its minimum solvency and capital requirements and is generally limited to paying dividends from earned surplus. The maximum dividend that can be declared and paid without prior approval is limited, together with all dividends declared and paid during the preceding twelve months, to the lesser of net investment income for the previous twelve months or 10% of its total statutory capital and surplus. At December 31, 2015, the maximum dividend that PartnerRe U.S. could pay without prior regulatory approval was $12 million. In addition, the Company anticipates that, for a period of two years from the date of consummation of the Merger Agreement, PartnerRe U.S. shall be required to seek approval of the New York State Department of Financial Services prior to paying any dividends. | 136 | 10K |
gb_prudential-AR_1999 | 145 | US Operations Jackson National Life (JNL) is one of the top 20 life companies in the US. Its product range encompasses traditional fixed annuities, variable annuities, equity-linked indexed annuities, stable value Guaranteed Investment Contract (GIC) business and life assurance products. | 40 | annual_report |
5700 | 1,906 | The tail factor is typically the most critical assumption, and small changes in the selected tail factor can have a material effect on our carried reserves. For example, the tail factors beyond twenty years for guaranteed cost business could vary by one and one-half percent below to two percent above those actually indicated in the 2019 loss reserve review. For excess of deductible business, in our judgment, it is reasonably likely that tail factors beyond twenty years could vary by four percent below to six percent above those actually indicated in the 2019 loss reserve review. | 96 | 10K |
3290 | 758 | On January 17, 2008, S&P released updated results to its Bond Insurance Stress Test for financial guarantors in light of its revised assumptions for subprime-related exposures. In its report, S&P concluded that the increased stress losses resulting from the revised | 40 | 10K |
AvivaPLC-AR_2008 | 3,613 | (f) Undrawn borrowings The Group and Company have the following undrawn committed central borrowing facilities available to it, of which £1,000 million (2007: £1,000 million) is used to support the commercial paper programme: £m | 34 | annual_report |
300 | 485 | Benefits. The following table sets forth the earned premium, benefits, and loss ratios for senior health products: | 17 | 10K |
4133 | 1,334 | For statistical reasons, it is not appropriate to add together the ranges of each business segment in an effort to determine the low and high range around the consolidated loss reserves. On a gross basis, the consolidated low estimate is $3,910.8 million and the consolidated high estimate is $5,202.3 million. | 50 | 10K |
479 | 535 | in the Insurance Subsidiary's estimate of ultimate losses on reported claims may materially adversely affect the results of the Insurance Subsidiary's operations in the period reported. The Insurance Subsidiary has in the past experienced adverse developments in its loss reserves. The Insurance Subsidiary's loss and loss adjustment expense reserves are reviewed on an annual basis by unaffiliated actuaries. The Insurance Subsidiary's most recent actuarial review of such reserves as of December 31, 1996 concluded that the reserves (i) met the requirements of the insurance laws of California; (ii) were computed in accordance with accepted loss reserving standards and principles and (iii) make a reasonable provision for all unpaid loss and loss expense obligations of the Insurance Subsidiary under the terms of its policies and agreements. | 125 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2013 | 726 | Armatura Group and is listed on the Warsaw stock exchange, Giełda Papierów Wartościowych SA. The | 15 | annual_report |
3244 | 3,230 | In connection with OBIG’s initial public offering, FAC established an irrevocable grantor trust. The assets of the trust are solely dedicated to the satisfaction of the payment of dividends and redemption amounts on the $300 million liquidation preference of the Berkshire Preferred Stock. FAC funded the trust with cash and purchased a portfolio of fixed maturity securities issued by the U.S. government and government-sponsored enterprises, the scheduled interest and principal payments are sufficient to pay when due all amounts required under the terms of the Berkshire Preferred Stock (including the mandatory redemption of the Berkshire Preferred Stock in May 2008). The creation and funding of the trust does not legally defease the preferred stock nor create any additional rights for the holders of the Berkshire Preferred Stock in the trust or otherwise, although the assets in the trust remain segregated from the Company’s other general assets and are not available to the Company for any use other than the payment of the Berkshire Preferred Stock. The assets of the trust remain subject to the claims of the Company’s creditors, in the event that the Company becomes insolvent. White Mountains Capital, Inc., a subsidiary of White Mountains, serves as the trustee for the irrevocable grantor trust. The assets held in the trust as of December 31, 2006 include $305.0 million of fixed maturity investment and $13.3 million of short-term investments. Pre-tax net investment income earned on these investments totaled $2.1 million for the twelve months ended December 31, 2006. | 248 | 10K |
2277 | 877 | Additional paid-in capital 13,569,582 11,280,842 Accumulated other comprehensive income, (loss), and other items (437,973) 1,191,863 Retained earnings 15,414,681 11,992,542 Treasury stock at cost (1,276,518 Class A shares and 75,336 Class C shares in 2003; 1,151,811 Class A shares and 71,749 Class C shares in 2002, held by affiliated companies) (3,214,994) (2,777,353) ------------ ------------ Total stockholders' equity 39,175,431 34,513,411 ------------ ------------ Total liabilities and stockholders' equity $66,350,033 $61,135,999 ============ ============ | 69 | 10K |
2109 | 657 | 2002 2001 2000 ------------- ------------- -------------- Tax computed at statutory rate $ 784,906 $ 1,467,257 (247,474) Changes in taxes due to: Cost in excess of net assets purchased 0 31,500 31,500 Current year loss for which no benefit realized 0 0 546,231 Benefit of prior losses (309,710) (159,456) (139,061) Other 4,159 (158,168) 37,587 ------------- ------------- -------------- Income tax expense $ 479,355 $ 1,181,133 228,783 ============= ============= ============== | 67 | 10K |
3379 | 1,038 | The Company earns its revenue primarily from net premiums written and earned. In 2005, downward pressure on rates across most non-catastrophe exposed lines continued throughout the year although the impact of the 2004 storm season, the backdrop of continued emergence of adverse development related to the market of the late 1990s and concerns about reinsurer financial strength, all served to reinforce a sense of discipline in the market. | 68 | 10K |
5913 | 1,013 | Amortized hedge costs/income can fluctuate based upon many factors, including the derivative notional amount, the length of time of the derivative contract, changes in both U.S. and Japan interest rates, and supply and demand for dollar funding. Amortized hedge costs and income have fluctuated in recent periods due to changes in the previously mentioned factors. For additional information regarding foreign currency hedging, refer to Hedging Activities in the Investments section of this MD&A. | 73 | 10K |
5945 | 1,525 | The net unrealized gain in the Corporate bond portfolio increased about $1.92 million from a gain of $2.47 million at the end of 2019 to a gain of $4.39 million at the end of 2020. This sharp increase in unrealized gains was driven by the sharp drop in Treasury rates in 2020 (5 year Treasury rate dropped 133 bps, 10 year Treasury rate dropped 100 bps) due to concerns over COVID-19 and the negative impact it would have on economic growth. This drop in yields drove prices up in all bonds, including Corporates. | 93 | 10K |
1628 | 191 | A summary of realized investment gains and losses before income taxes follows: | 12 | 10K |
3253 | 861 | There is no substantive difference in the process that we use to determine the best estimate of our loss and LAE reserves for annual financial reports compared to the process we use for interim financial reports. | 36 | 10K |
NatixisSA-AR_2003 | 1,738 | Launched in September 2002, immediately after publication of the European regulation, the project is now in its implementation phase, following a pre-assessment phase and a detailed impact analysis phase. | 29 | annual_report |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.