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5662
2,619
the ability to collect reinsurance recoverable, credit developments of reinsurers, and any delays with respect thereto and changes in the cost, quality, or availability of reinsurance;
26
10K
INGGroepNV-AR_2008
91
(Depositary receipts for) ordinary shares of EUR 0.24 nominal value 2,063.1 2,226.4
12
annual_report
4419
2,560
Level 3 is comprised of financial instruments whose fair value is estimated based on industry-standard pricing methodologies and internally developed models utilizing significant inputs not based on, nor corroborated by, readily available market information. In limited instances, this category may also utilize non-bind...
78
10K
5183
602
MEC’s EBIT in 2015 increased $16 million (5%) compared to 2014, reflecting an increase in gross margins ($97 million), partially offset by increases in depreciation expense from new wind generation and other plant-in-service ($56 million), interest expense ($17 million), and lower allowances for equity funds used durin...
81
10K
4699
1,511
Adjusted shareholders’ equity and adjusted book value per share exclude appropriated retained earnings and net unrealized gains related to fixed maturity securities. Management believes that investors find a measurement of shareholders’ equity excluding these items to be meaningful as (i) the unrealized gain on fixed m...
93
10K
3222
895
The amortized cost and estimated fair values of investments in fixed maturity securities, segregated by available-for-sale and held-to-maturity, at December 31, 2006 are summarized by maturity as follows (in thousands):
30
10K
5043
583
Self-funded medical membership increased 866, or 3.8%, primarily due to increases in our Local Group self-funded accounts as a result of new sales and conversions of fully-insured contracts to self-funded administrative services only, or ASO, contracts, and growth in our National Accounts and BlueCard® membership.
45
10K
HelvetiaHoldingAG-AR_2008
1,282
Equity instruments 20 28 Debt instruments 55 53 Real estate 21 18 13. Employee benefits 157
16
annual_report
5587
1,458
Use of estimates and assumptions. The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported ...
148
10K
2087
473
The weighted average discount rate, expected rate of return on plan assets, and rate of compensation increase was 7.5%, 9.3%, and 4.5% for 2001.
24
10K
94
147
The information set forth under the caption "Selected Financial Data" in the Annual Report to Shareholders of Argonaut Group for the fiscal year ended December 31, 1994, is incorporated herein by reference. See Exhibit Index.
35
10K
SwissLifeHoldingAG-AR_2015
2,272
BALANCE AS AT END OF PERIOD 4 9 12 11 16 20
12
annual_report
fr_axa-AR_2011
7,309
The change in reserves related to changes in fair value of available for sale fi nancial instruments included in shareholders’ equity relating to changes in fair value of assets as of December 31, 2011 and December 31, 2010 broke down as follows: (in Euro million )
46
annual_report
5331
1,742
In securities lending transactions, the Company receives collateral in excess of the fair value of the securities pledged. For purposes of this table, the Company has excluded the collateral received under securities lending, at fair value and included the securities pledged under securities lending, at fair value. See...
54
10K
4244
1,160
We posted $1,052.5 million in fixed maturities, available-for-sale securities at December 31, 2010, to satisfy collateral requirements primarily associated with our derivative credit support annex (collateral) agreements and a reinsurance arrangement. In addition, we posted $1,695.1 million in commercial mortgage loans...
95
10K
fr_axa-AR_2011
7,810
(c) In order to improve the consolidated statement of fi nancial position presentation consistency, balances disclosed so far as «Other debt instruments issued and bank overdrafts» of AXA Bank Europe have been reclassifi ed to «Liabilities arising from banking activities» aggregate in 2010 (€323 million)
45
annual_report
AdmiralGroupPLC-AR_2012
824
Non-Executive Chairman: £218,000 Non-Executive Director base fee: £50,000 Senior independent Director: £5,000
12
annual_report
4642
316
For the year ended December 31, 2012, we recorded loss and loss adjustment expenses of $711,124, derived by multiplying a loss ratio of 57.9% and the net premiums earned under the Reinsurance Agreement of $1,231,436, partially offset by favorable development on PDIC. For the year ended December 31, 2011, we recorded lo...
138
10K
3811
1,137
During 2008, we purchased $78.1 million principal amount of our contingent convertible senior notes at a discount and recognized a gain of $13.7 million related to the retirement of these notes. The cash required to retire these notes totaled $61.4 million. We also repurchased 3,545,744 shares of our common stock as pa...
122
10K
SwissReAG-AR_2008
938
annually reviews and recommends for approval to the Board of Directors the Group Risk ̤ Policy, including Swiss Re’s risk tolerance targets regarding capital adequacy, risk concentration, and earnings volatility; regularly monitors the usage of limits set out in the Group Risk Policy and decides on ̤ actions to be take...
102
annual_report
ch_zurich_insurance_group-AR_2016
1,360
Value of target share allocations from transition arrangements 5 0.0 1.2 Other payments and share allocations 6 4.2 n / a 1 The remuneration for Mario Greco is disclosed on a pro rata basis reflecting his start date in the position as Group CEO with Zurich on March 7, 2016. Martin Senn stepped down on December 1, 2015 ...
73
annual_report
438
204
At December 31, 1995, the net assets of the discontinued auto auction business consisted of $1.8 million in property and equipment and $84,000 in inventories.
25
10K
5410
1,277
On March 7, 2017, Trinity Acquisition plc (see Note 23 for further information) entered into a $1.25 billion amended and restated revolving credit facility (the ‘RCF’), that will mature on March 7, 2022. The RCF replaced the previous $800 million revolving credit facility (see below for further information). Amounts ou...
87
10K
de_allianz-AR_2011
1,971
◼ p r i n C i p l e S o F C o n S o l i d a t i o n
26
annual_report
2125
910
Harbour Village is being developed in three phases with projected completion in 2005. At December 31, 2003, we had outstanding borrowings of $17.4 million, down from an initial $37 million development and construction loan facility. The estimated completion cost for the remainder of Harbour Village is approximately $14...
126
10K
4613
1,531
The overall economic environment in the U.S. has improved over the last few years and indicators such as lower delinquency rates and more stable housing prices point toward improvement in the housing market. However, unemployment rates remain too high for a robust general economic recovery to have taken hold and concer...
134
10K
NatixisSA-AR_2017
10,411
Art. R.225-105-1-II 1°(g) g) Promotion and respect of the International Labor Organization’s fundamental conventions: On protecting freedom of association and the right to collective a bargaining
26
annual_report
4117
795
million in proceeds from issuance of common stock pursuant to the Employee Stock Purchase Plan. In addition, we received an income tax payable benefit of $9.1 million from the exercise of stock options and restricted stock vesting. The acquisition of our remaining 20% non-controlling ownership interest resulted in a ca...
64
10K
4671
2,010
We believe that ultimate claims and claim expense ratios 25.0 percentage points above or below our estimated assumptions constitute reasonably likely outcomes based on our experience to date and our future expectations. In addition, we believe that the adjustments that we made to speed up or slow down our estimated los...
207
10K
4086
1,385
Our underwritten title companies are also subject to certain regulation by insurance regulatory or banking authorities, primarily relating to minimum net worth. Minimum net worth requirements for each underwritten title company are as follows: $7.5 million for Fidelity National Title Company, $2.5 million for Fidelity ...
93
10K
SwissReAG-AR_2015
2,099
2 Disclosure reflects all awards for a reporting year, ie the 2014 value reflects the fair value of the Lpp award granted in april 2014 and the 2015 value reflects the fair value of the Lpp award granted in april 2015.
41
annual_report
gb_prudential-AR_2007
879
Foreign exchange risk Prudential currently operates in the UK, the US, 13 countries in Asia and Europe. Due to the geographical diversity of Prudential’s businesses, it is subject to the risk of exchange rate fluctuations. Prudential’s international operations in the US and Asia, which represent a significant proportio...
149
annual_report
fr_axa-AR_2016
10,580
Underlying net technical result is the sum of the following components: ■ earned premiums, gross of reinsurance; ■ claims charges, gross of reinsurance; ■ change in claims reserves, including claims handling cost reserves, gross of reinsurance, excluding the recurring interests credited to insurance annuity reserves; ■...
50
annual_report
PhoenixGroupHoldingsPLC-AR_2013
1,212
Target range between MCEV growth in excess of the risk-free rate by 3% per annum and MCEV growth in excess of the risk-free rate by 6% per annum
28
annual_report
4921
1,971
At times, we have utilized VIEs both indirectly and directly in the ordinary course of our business as a means of accessing contingent capital. We have utilized unconsolidated entities in the formation of contingent capital facilities. See Item 8, Note 18, “Variable Interest Entities,” to the Consolidated Financial Sta...
54
10K
2379
943
The development recorded in 2002 consisted primarily of CNA Re unfavorable net prior year development.
15
10K
fr_axa-AR_2007
4,085
Fixed maturities at fair value through profit and loss (a) 18,389 56,028 21,073 45,803
14
annual_report
gb_prudential-AR_2009
1,799
• The financial condition and prospects of the issuer or other observable conditions that indicate the investment may be impaired. If a loss event that will have a detrimental effect on cash flows is identified an impairment loss in the income statement is recognised. The loss recognised is determined as the difference...
85
annual_report
ch_zurich_insurance_group-AR_2010
3,509
c) Contingent share capital Capital market instruments and option rights to shareholders The share capital of Zurich Financial Services Ltd may be increased by an amount not exceeding CHF 1,000,000 by the issuance of up to 10,000,000 fully paid registered shares with a nominal value of CHF 0.10 each (i) by exercising o...
151
annual_report
3576
990
An impairment loss is recognized to the extent that the carrying amount exceeds the asset’s fair value. This determination is made at the reporting unit level and consists of two steps. First, the Company determines the fair value of the reporting unit and compares it to its carrying amount. Second, if the carrying amo...
177
10K
AegonNV-AR_2011
2,378
Representatives from Ernst & Young, AEGON’s external auditor, attended the discussions on the company’s annual results.
16
annual_report
Sampoplc-AR_2008
1,737
Net carrying amount at 31 December 4 1 5 4 1 5
12
annual_report
gb_prudential-AR_2019
5,331
Asia insurance operations 291 238 Asia asset management operations 106 81
11
annual_report
AegonNV-AR_2013
1,656
Group Risk further identifies good risk management practices, facilitates implementation thereof, and helps to ensure that there is consistency in the application of these practices across the company. In addition, Group Risk prepares risk management information, including information about current risk exposures and i...
61
annual_report
5218
1,527
We have prepared the consolidated financial statements of Cincinnati Financial Corporation and our subsidiaries for the year ended December 31, 2016, in accordance with accounting principles generally accepted in the United States of America (GAAP).
35
10K
3549
1,380
Underwriting results are generally the difference between the portion of premium and fee income intended to cover mortality, morbidity or other insurance costs, less claims incurred, and the change in insurance-related liabilities. Underwriting results are significantly influenced by mortality, morbidity or other insur...
136
10K
nl_ing_grp-AR_2019
541
“We need to use our industry knowledge and expertise to empower investors to make smart financial decisions”
17
annual_report
ch_zurich_insurance_group-AR_2006
1,610
Losses and loss adjustment expenses, net of reinsurance 19,860 20,963 88 109
12
annual_report
de_allianz-AR_2006
1,046
We are subject to competition from both bank and non-bank institutions that provide financial services and, in some of our activities, also from government agencies. Substantial competition exists among a large number of commercial banks, savings banks, other public sector banks, brokers and dealers, investment banking...
70
annual_report
StandardLifeAberdeenPLC-AR_2011
689
The majority of 2011 sales were into high margin products including UK wholesale and the GARS asset class. We continue to diversify our sources of revenue both geographically and by asset class. Geographically, we received net flows from Europe, US and Canada in 2011. The diversity of our asset class offering is eviden...
82
annual_report
NNGroupNV-AR_2018
184
How did the integration process progress in 2018? It has been nearly two years since the acquisition of the Delta Lloyd businesses. Throughout 2018, our teams worked hard on migrating systems, increasing efficiency, and introducing new products and services. The rebranding of Delta Lloyd’s products and services to Nati...
95
annual_report
2202
879
Retail brokerage and investment banking revenues were $426.8 million for the year ended December 31, 2003 compared to $397.1 million for the comparable prior year, reflecting an upturn in the markets during 2003. Advest’s revenues were $369.6 million for the year ended December 31, 2003, compared to $348.3 million for ...
135
10K
fr_axa-AR_2012
7,848
AXA SA has implemented a formal internal review and sign-off process pursuant to which all Executive Committee members,
18
annual_report
3737
1,490
On April 29, 2008, we borrowed $525.0 under a three-year senior term loan agreement, the proceeds of which may be used for general corporate purposes. The interest rate on this term loan is based on either (i) the LIBOR rate plus a predetermined percentage rate based on our credit rating, or (ii) the base rate as defin...
69
10K
de_allianz-AR_2002
1,155
What do we do to help our employees enlarge their professional horizon? We provide international training programs, expatriation programs as well as study groups and workshops on the transfer of know-how in which multi-nationality is a basic principle. Our corporate university, the Allianz Management Institute, operate...
51
annual_report
nl_ing_grp-AR_2012
3,866
Past-due obligations ING Bank continually measures its portfolio in terms of payment arrears. Particularly the retail portfolios are closely monitored on a monthly basis to determine if there are any significant changes in the level of arrears. Generally, an obligation is considered ‘past-due’ if a payment of interest ...
146
annual_report
4479
1,095
During the twelve month period ended December 31, 2011, in an effort to secure additional operating capital and to pay down accounts payable and notes payable, the Company received $213,754 represented by stock purchase agreements from stockholders of the Company. An offering of 3,750,000 shares was issued in December ...
157
10K
5272
662
We conduct business in more than 120 countries, and, because of this, foreign currency exchange rate fluctuations have a significant impact on our business. Foreign currency exchange rate movements may be significant and may distort true period-to-period comparisons of changes in revenue or pretax income. Therefore, to...
109
10K
3835
1,386
The Company leases office space and furniture and equipment under non-cancelable operating lease agreements, which expire at various dates. Future minimum office space annual rentals under non-cancelable operating leases at December 31, 2008 are as follows:
36
10K
4032
1,848
Residential mortgage-backed securities (“RMBS”)-The fair value of RMBS is estimated based on prices of comparable securities and spreads, and observable prepayment speeds. These securities are generally categorized in Level II of the fair value hierarchy or in Level III when market-based transaction activity is unavail...
45
10K
4501
797
We believe that our cash flow from operations and our availability under our revolving credit facility, combined with our low capital expenditure requirements will provide us with sufficient capital to continue to grow our business over the next several
39
10K
AegonNV-AR_2013
3,557
Investment contracts for account of policyholders 2) 24,770 3,420 - - 31 28,221
13
annual_report
4784
794
The Company’s net exposure to loss due to credit risk if the option counterparties failed to completely perform according to the terms of the one-year contracts is as follows at December 31, 2013 and 2012.
35
10K
5594
2,181
The Framework accommodates periodic volatility within ranges that we deem acceptable, while also providing for additional potential sources of capital, including on-balance sheet capital capacity and contingent sources of capital. We believe we currently have access to sufficient resources to maintain adequate capitali...
50
10K
nl_ing_grp-AR_2018
5,150
In Netherlands, EUR 973 million of the non-performing loan portfolio consisted of loans to private individuals, of which EUR 834 million were residential mortgages. In Belgium, almost half of the non-performing portfolio consisted of loans to private individuals of which EUR 883 million was residential mortgages. Simil...
60
annual_report
5415
15,406
2018 is $2.87 billion, less dividends paid during the preceding twelve months measured at that point in time. The payment of a dividend in excess of this amount requires 30 days advance written notice to the IL DOI. The dividend is deemed approved, unless the IL DOI disapproves it within the 30 day notice period. Addit...
97
10K
4240
854
POLICY ACQUISITION COSTS AND OPERATING EXPENSES We did not defer any policy acquisition costs during 2009 other than premium taxes on installment policies written in prior years. The Company’s insurance expenses for the years ended December 31, 2009 and 2008 are presented in the following table:
46
10K
AvivaPLC-AR_2016
3,419
Claims and benefits paid, net of recoveries from reinsurers (16,809) (5,176) — — (21,985) Change in insurance liabilities, net of reinsurance 6,205 476 — — 6,681 Change in investment contract provisions (1,487) — — — (1,487) Change in unallocated divisible surplus 984 — — — 984 Fee and commission expense (1,098) (2,118...
76
annual_report
5692
1,556
On June 28, 2019, the Centers for Medicare and Medicaid Services announced the final risk adjustment transfers for the 2018 benefit year. As a result of the announcement, the Company reduced its risk adjustment net payables by $238 million from December 31, 2018. After consideration of minimum MLR, Risk Adjustment Data...
74
10K
4045
1,288
Depreciation and amortization expense for the years ended December 31, 2009, 2008 and 2007 was $0.5 million, $0.6 million and $0.5 million, respectively, of which $0.2 million, $0.3 million and $0.1 million, respectively, was attributable to amortization of capitalized computer software. Unamortized computer software w...
57
10K
ScorSE-AR_2013
522
2157/2001, dated 8 October 2001 on the Statute for a European Company (the “SE Regulation”), and that of the
19
annual_report
4042
1,360
Effective December 31, 2009, the Company adopted Actuarial Guideline 43 - Variable Annuity Commissioners Annuity Reserve Valuation Method (“AG43”) for its statutory basis of accounting. The adoption of AG43 resulted in higher reserves than those calculated under previous standards by $151.2. Where the application of AG...
136
10K
1245
185
Management is required to utilize historical experience and assumptions about future events and circumstances in order to develop estimates of material reported amounts and disclosures. Included among the material (or potentially material) reported amounts and disclosures that require extensive use of estimates and ass...
160
10K
5124
2,488
In April 2015, the FASB issued updated guidance intended to clarify the accounting treatment for cloud computing arrangements that include software licenses. Under the updated guidance, if a cloud computing arrangement includes a software license, the customer should account for the software license element of the arra...
117
10K
Sampoplc-AR_2006
182
Responsible auditor Tomi Englund, APA The total fees paid to the auditor for services rendered and invoiced were EUR 2,530,867. In addition, Ernst & Young Oy were paid fees for non-audit services rendered and invoiced totalling EUR 938,129.
38
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012
1,945
Interest-rate risks in life insurance are hedged using swaptions and total return swaps. These derivatives providing the right to receive a fixed interest rate are shown in the category “interest-rate risks/over-the-counter”. At the reporting date, the fair values of the above-mentioned derivatives totalled €427m (537m...
70
annual_report
4544
1,141
The Company measures its sales or new business production with two components: new premiums recorded and new deposits received. Premiums and deposits are also identified by general product type. New premiums and new deposits are considered to be first year and single receipts. Premiums and deposits are subdivided into ...
77
10K
fr_axa-AR_2016
3,379
(i) In 2016, the decrease by 154 in AB was mainly driven by restructuring measures across the organization and attrition.
20
annual_report
AvivaPLC-AR_2002
402
At the end of 2002, the group’s total external borrowings amounted to £3.2 billion (2001: £3.8 billion) including subordinated debt. A significant proportion of these borrowings are on a fixed rate basis with maturity terms between two and 34 years, with the balance being represented by commercial paper and floating ra...
53
annual_report
5256
829
Amortization of unearned revenue related to net investment gains (losses) and net derivative gains (losses) and certain variable annuity GMIB fees (“GMIB Fees”);
23
10K
2685
1,387
Expenses. UICI’s total expenses increased to $1.837 billion in 2004 from $1.681 billion in 2003, an increase of $156.0 million, or 9%. The Company’s expenses were particularly impacted by the following factors:
32
10K
1657
2,827
vote for removal. The trustee of the voting trust will vote all of the
14
10K
5743
707
The mortgage segment’s insurance in force (“IIF”) and risk in force (“RIF”) were as follows at December 31, 2019 and 2018:
21
10K
AegonNV-AR_2004
369
Provided the relevant VNB is positive, then the actual level of income before realized gains and losses on shares and real estate will determine the level of the bonus payout. The income before realized gains and losses on shares and real estate target will be calculated based on a rolling, three-year average, increase...
64
annual_report
AvivaPLC-AR_2019
1,103
• Reviewed and approved the revised Group Governance Framework • Discussed and approved changes to the Board committee structure, and the repurposing of the Nomination Committee and the Governance Committee to the Nomination and Governance Committee and the Customer, Conduct and Reputation Committee respectively
44
annual_report
de_allianz-AR_2012
3,557
Hedge of net investment in foreign operations As of 31 December 2012, the Allianz Group hedges part of its U.S. Dollar net investments through the issuance of U.S. Dollar denominated liabilities with a nominal amount of USD 1.0 Bn.
39
annual_report
PowszechnyZakladUbezpieczenSA-AR_2016
2,994
Committee should consist of 4 people, while simultaneously establishing the following composition of the Committee: • Radosław Potrzeszcz – Chairman of the Committee;; • Marcin Gargas – Member of the Committee; • Paweł Kaczmarek – Member of the Committee; • Piotr Paszko – Member of the Committee.
47
annual_report
3251
994
ANIC is domiciled in the State of Minnesota, is licensed in 15 states, and assumes the same general liability insurance coverage placed by CoverX from FMIC.
26
10K
634
221
Revenues from tax service contracts are recognized over the estimated duration of the contracts as the related servicing costs are estimated to occur.
23
10K
5843
594
We obtained an understanding, evaluated the design and tested the operating effectiveness of controls over the process to estimate the liability balance, including, among others, controls related to the review and approval processes that management has in place for the assumptions used in estimating the secondary guara...
73
10K
3268
3,536
Net gain on cash-flow hedging derivative, net of tax effect of $0 for 2006, net of tax effect of $289 for 2005; and net of tax effect of $557 for
30
10K
StorebrandASA-AR_2013
1,306
Through Storebrand Pensjonstall we want to create interest around the topic of pensions, as well as lower the barriers for people to familiarise themselves with their own pension. It is only then you can evaluate and take actions to get the best possible retirement. Your pension figure is defined as the total amount of...
73
annual_report
NatwestGroupPLC-AR_2012
349
Unemployment in Ireland averaged more than 14%. At the end of the year house prices were 4.5% lower than 12 months earlier and around 50% below their peak. The rate of decline was slower than at any time since 2008 and there were tentative signs that prices were stabilising.
49
annual_report
GjensidigeForsikringASA-AR_2011
1,028
depreciation Each component of owner-occupied property, plant and equipment are depreciated using the straight-line method over estimated useful life. Land is not depreciated. The estimated useful lives for the current and comparative periods are as follows • owner-occupied property 10-50 years • plant and equipment 3-...
47
annual_report
ch_zurich_insurance_group-AR_2011
2,480
Pledged assets The majority of assets pledged to secure the Group’s liabilities relate to debt securities pledged under short-term sale and repurchase agreements. The total amount of pledged financial assets including the securities under short-term sale and repurchase agreements amounted to USD 8,147 million and USD 9...
56
annual_report
4066
1,238
The Company and its Bermuda-domiciled subsidiaries have received an assurance from the Bermuda Minister of Finance exempting them from all Bermuda-imposed income, withholding and capital gains taxes until March 2016. At the present time, no such taxes are levied in Bermuda.
41
10K
2134
2,781
excess of three months and less than one year are classified as short-term investments and generally
16
10K
AegonNV-AR_2019
9,312
Regulatory changes include preventive and corrective supervisory measures that aim to address macro-prudential concerns, referred to in the Holistic Framework for Systemic Risk in the Insurance Sector, as adopted by the IAIS in November 2019. Aegon was designated a Global Systemically Important Insurer (G-SII) by the F...
97
annual_report
de_allianz-AR_2004
1,107
_ In 2004, Allianz Leben sold approximately 1.3 million insurance policies, representing an increase of 38.6 % as compared to the number of policies sold in 2003.
27
annual_report
INGGroepNV-AR_2005
790
Remuneration The annual remuneration of the chairman and vicechairman of the Supervisory Board amounts to EUR 68,100, including EUR 6,810 expense allowances. Other members receive a remuneration of EUR 38,600, including EUR 2,270 expense allowances. In addition to this remuneration, membership of a Supervisory Board co...
95
annual_report