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5872
942
In our capacity as an insurance broker, we collect premiums from insureds and, after deducting our commissions and/or fees, remit these premiums to underwriting enterprises. We hold unremitted insurance premiums in a fiduciary capacity until we disburse them, and the use of such funds is restricted by laws in certain s...
173
10K
2354
925
Acquisition of Common Shares: Torchmark shares are acquired from time to time through open market purchases under the Torchmark stock repurchase program when it is believed to be the best use of Torchmark’s funds and for future employee stock option exercises. Share repurchases under this program were 5.5 million share...
81
10K
NatwestGroupPLC-AR_2012
595
All of our employees were invited to take part in facilitated workshops as part of The Best Programme. These workshops engage our people and gather their ideas about how we can become ‘Best’. Our state of the art internal social media site – Best Quest – allows open discussion and lets people post their ideas for the c...
69
annual_report
1244
355
A summary of property and equipment at December 31, 1999 and 1998 follows:
13
10K
2510
1,289
Once an impairment charge has been recorded, the Company continues to review the other-than-temporarily impaired securities for additional other-than-temporary impairments. As discussed in Note 1 of the Notes to Consolidated Financial Statements, the Financial Accounting Standards Board (“FASB”) voted to delay the impl...
100
10K
INGGroepNV-AR_2019
4,604
In 2018, changes in the reorganisation provisions were mainly attributable to existing initiatives following the digital transformation programmes of ING Bank. These initiatives are implemented over a period of several years and the estimate of the reorganisation provisions is inherently uncertain. The provision at the...
67
annual_report
nl_ing_grp-AR_2013
5,203
Management of the insurance risks is done by ensuring that the terms and conditions of the insurance policies that NN underwrites are correctly aligned with the intended policyholder benefits to mitigate the risk that unintended benefits are covered. This is achieved through NN’s underwriting standards, product design ...
54
annual_report
2550
863
The value of reinsurance business assumed and recorded at the inception of a retrocessional reinsurance contract represents the difference between the estimated ultimate amount of the liabilities assumed under retroactive reinsurance contracts and the consideration received under the contract. The value of reinsurance ...
84
10K
ch_zurich_insurance_group-AR_2008
1,452
h) Derecognition of financial assets and liabilities Financial assets are derecognized when the right to receive cash fl ows from the assets has expired, or when the Group has transferred its contractual right to receive the cash fl ows from the fi nancial asset, and either substantially all the risks and rewards of ow...
75
annual_report
5608
935
(2) Life claims payable include benefit and claim liabilities for which the Company believes the amount and timing of the payment is essentially fixed and determinable. Such amounts generally relate to incurred and reported death and critical illness claims including an estimate of claims incurred but not reported.
48
10K
SwissReAG-AR_1996
213
In the m otor business, the most im portant line for primary insurers, the new adjustm ent procedure for bodily injuries has had little impact up to now.
28
annual_report
AvivaPLC-AR_2014
4,913
Reporting requirements PRA rules require insurance companies to submit annually their audited annual accounts, statements of financial position and life insurers’ annual reports from the actuary performing the actuarial function with the regulator. There is also a requirement to report the annual solvency position of t...
202
annual_report
3608
923
As discussed in Note 1 to the consolidated financial statements, the Company adopted the recognition and disclosure provisions of Statement of Financial Accounting Standards (“SFAS”) No. 158, “Employers’ Accounting for Defined Benefit Pension and other Postretirement Plans - an amendment of FASB Statements No. 87, 88, ...
53
10K
HiscoxLtd-AR_2019
1,013
s Incentive awards are capped and are not considered excessive. s Executive Directors’ annual bonus awards are judgement based to ensure they reflect their overall performance rather than being measured according to a formulaic outcome. Risk is also taken into consideration as part of this.
45
annual_report
1940
873
In connection with the acquisition of Kaye, the Company issued the following subordinated convertible debentures:
15
10K
ch_zurich_insurance_group-AR_2008
346
Additional fees Total fees (including expenses and value added taxes) in the year 2008 for additional services (e.g., tax services or special audits required by local law or regulatory bodies) performed by PwC and parties associated with them for Zurich Financial Services or one of the Group’s companies amounted to USD...
58
annual_report
SwissLifeHoldingAG-AR_2020
343
Other appointments: – Vontobel Holding AG and Bank Vontobel Ltd, Member of the Board of Directors and
17
annual_report
4961
899
Great American or its parent, AFG, perform, and have for many years performed, certain services for the Company without charge including, without limitation, actuarial services and on a consultative basis, as needed, internal audit, legal, accounting and other
38
10K
5782
1,946
The adoption of the Leases Update and related amendments did not have a significant impact on the Company's financial position, results of operations, or disclosures.
25
10K
2044
518
Accounts receivable represent uncollected premiums related to coverage periods prior to the balance sheet date, and are stated at the estimated collectible amounts, net of an allowance for bad debts. The Company continuously monitors the timing and amount of its premium collections, and maintains a reserve for estimate...
113
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012
1,849
Carrying amounts €m 31.12.2012 Prev. year Mortgage loans 4,439 4,421 Loans and advance payments on insurance policies 605 602 Other loans 49,374 48,237
23
annual_report
StandardLifeAberdeenPLC-AR_2016
1,842
2 Appointed with effect from 4 July 2016. 3 Appointed with effect from 1 November 2015. 4 Stepped down from the Board following the conclusion of the AGM on 17 May 2016. 5 Resigned with effect from 24 June 2016. 6 Appointed Senior Independent Director following the conclusion of the AGM on 17 May 2016. 7 Appointed chai...
67
annual_report
INGGroepNV-AR_2014
4,132
In July 2011, the Dutch ING Pensioners’ Collective Action Foundation (Stichting Collectieve Actie Pensioengerechtigden ING Nederland), together with two trade unions (FNV Bondgenoten and CNV Dienstenbond) and a number of individual pensioners, instituted legal proceedings against ING’s decision not to provide funding f...
95
annual_report
4061
1,031
The income tax benefit recognized in 2009 of $16.1 million primarily represents the reduction of the valuation allowance applied to the deferred tax assets as a result of the growth in unrealized gains. In the fourth quarter of 2009, changes in the tax law allowed net operating losses to be carried back five years as o...
109
10K
4415
1,763
the continued significant accumulation of cash and cash equivalents which occurred during 2011 and 2010 due largely to continuing strong operating cash flow;
23
10K
BaloiseHoldingLtd-AR_2017
1,552
For its exposure to natural hazards the Baloise Group has purchased reinsurance cover for the whole Group amounting to cHF 250 million and cover for earthquakes amounting to cHF 350 million.
31
annual_report
ScorSE-AR_2014
246
4.1.15 SCOR IS EXPOSED TO THE RISK OF NO LONGER BEING ABLE TO RETROCEDE LIABILITIES ON ECONOMICALLY VIABLE TERMS AND CONDITIONS
21
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011
1,141
We do not anticipate any rapid and significant increase in capital market interest rates; regular income from our investments is therefore likely to be relatively low – at just under 4% overall – for the financial years 2012 and 2013. We expect an annual return on investment of around 3.5%, taking into account the resu...
70
annual_report
AvivaPLC-AR_2018
2,652
Management’s impairment review in relation to the goodwill allocated to the Asian operating segment indicated the need to write down a balance of £3 million as a result of the current and forecast financial performance of the related cash generating units.
41
annual_report
NatixisSA-AR_2011
6,314
NATIXIS GLOBAL ASSET MANAGEMENT, LLC Holding FC 100 100 100 100 United States
13
annual_report
ch_zurich_insurance_group-AR_2013
1,289
Risk management is not only embedded in Zurich’s business but is also aligned with the Group’s strategic and operational planning process. The Group assesses risks systematically and from a strategic perspective through its proprietary Total Risk Profiling™ (TRP) process, which allows Zurich to identify and then evalua...
117
annual_report
4410
917
Marine: Generally, two key assumptions are used by our actuaries in setting IBNR loss reserves for major products in this line of business. The first assumption is that our historical experience regarding paid and reported losses for each product where we have sufficient history can be relied on to predict future loss ...
110
10K
2589
544
Income from continuing operations increased by $300 million, or 53%, to $867 million for the year ended December 31, 2004 from $567 million for the comparable 2003 period. Included in this increase is an improvement in net investment gains (losses) of $242 million, net of income taxes. This increase includes additional...
322
10K
5233
1,151
Other invested assets shown on the balance sheet as of December 31, 2016 include investments in low income housing tax credit (LIHTC) partnerships, membership stock in the Federal Home Loan Bank of Chicago (FHLBC) and an investment in a real estate fund. During 2016, we recorded an additional $5.0 million interest in a...
145
10K
5550
1,240
The Company adopted ASU 2016-16, “Income Taxes (Topic 740) - Intra-Entity Transfers of Assets Other than Inventory,” which requires entities to recognize current and deferred income tax resulting from an intra-entity asset transfer when the transfer occurs. Previously, recognition of income tax consequences under GAAP ...
75
10K
995
416
Investment income. Investment income decreased to $74.9 in 1998 from $78.0 million in 1997, a decrease of $3.1 million or 4%. The decrease is due to a decrease in investment yield.
31
10K
nl_ing_grp-AR_2015
6,221
Advanced Measurement Approach (AMA) ING Bank has an Operational Risk Capital model in place in which the risk profile is closely tailored to the internal risk profile of ING Bank and its divisions, by using scenario data for capturing severe risks and internal loss and RCSA data for capturing day-to-day risks. The busi...
167
annual_report
2885
465
The method for determining our liability for unpaid losses and loss adjustment expenses includes, among other things, reviewing past loss experience and considering other factors such as legal, social and economic developments.
32
10K
3969
1,183
•Level 1 - observable inputs such as quoted prices for identical assets in active markets;
15
10K
3018
1,728
The Company leases office space to SLOC under lease agreements with terms expiring in December 31, 2009 and options to extend the terms for each of twelve successive five-year terms at fair market value of the fixed rent for the term which is then ending. Rent received by the Company under the leases amounted to approx...
80
10K
SwissLifeHoldingAG-AR_2003
1,080
Investment contracts, customer deposits and other funds on deposit 20 339 983 98 6 934 – – –268 28 086
20
annual_report
NatwestGroupPLC-AR_2015
4,421
• Sector concentration risks were in the Dry Bulk sub-sector which represented 37% of exposure (2014 - 38%); Tankers
19
annual_report
1910
452
Our primary life products continues to be reinsurance of ordinary life insurance, primarily for mortality risk. Profitability of our life reinsurance line depends in large part on the volume and amount of death claims incurred. While death claims are reasonably predictable over a long time horizon, they are less predic...
182
10K
2216
1,598
Agency Loans-We have provided guarantees for certain agency loans in order to enhance the business operations and opportunities of several of the insurance agencies with which we do business. As of December 31, 2003, these loans had an aggregate outstanding balance of approximately $6 million. We have guaranteed the le...
96
10K
5879
1,421
General and administrative expenses consist of salaries and benefits and related costs, legal and accounting fees, travel and client entertainment, fees relating to our letter of credit facilities,
28
10K
2235
840
The amortized cost, gross unrealized holding gains, gross unrealized holding losses and fair value for held-to-maturity short-term investments are as follows at December 31, 2003 and 2002:
27
10K
4519
757
In July 2005, Global Indemnity Group, Inc. sold $90.0 million of guaranteed senior notes, due July 20, 2015. These senior notes have an interest rate of 6.22%, payable semi-annually. In accordance with the agreement, on July 20, 2011 and 2012, the Company prepaid $18.0 million of the principal amount of the guaranteed ...
167
10K
ch_zurich_insurance_group-AR_2010
2,071
Mortgage and asset-backed securities: < 1 year – – 575 1,288 17 69
13
annual_report
StandardLifeAberdeenPLC-AR_2012
785
Activities during the year The principal activities of the committee during the year included: • Reviewing the committee's terms of reference; • Reviewing the levels of base salary for executive directors and other senior staff; • Determining the maximum value of the overall annual bonus pool, taking account of the Gro...
171
annual_report
1232
871
Participating Individual Life Insurance. As part of the reorganization, we established and operate a closed block for our participating individual life insurance business. The closed block supports the continuation of policyholder dividend scales in effect for 1999, assuming continuation of the experience underlying th...
115
10K
1716
345
In addition to pension benefits, the Company has a plan which provides for postretirement health care and life insurance benefits for certain employees. These benefits include major medical insurance with deductible and coinsurance provisions. The Company accrues benefits on a current basis and the plan is not funded.
48
10K
5914
566
Bond & Specialty Insurance’s gross and net written premiums were as follows:
12
10K
4048
820
The National Association of Insurance Commissioners has adopted rules which set minimum risk-based capital requirements for insurance companies, managed care organizations and other entities bearing risk for healthcare coverage. As of December 31, 2009, each of our health plans were in compliance with the risk-based ca...
51
10K
1932
803
Operating expenses were $508.6 million in 2002, a 16% increase from 2001 operating expenses of $439.3 million. Operating expenses were $472.0 million in 2000. The increase in 2002 reflects a growing customer base, increased employee benefit costs and increased spending on projects focused on improving producer and cust...
89
10K
5489
991
The table that follows details our estimated net impact from single event losses as of January 1, 2018 for selected zones at specified return periods. It is important to note that each catastrophe model we use contains its own assumptions as to the frequency and severity of loss events, and results may vary significant...
58
10K
NatwestGroupPLC-AR_2011
2,621
Turkey - exposures were managed down in most categories, with the non-strategic (mid-market) portfolio significantly reduced in 2011. Nonetheless, Turkey continues to be one of the Group’s key emerging markets. The strategy remains client-centric, with the product offering tailored to selected client segments across la...
60
annual_report
SwissReAG-AR_2018
2,577
3 Disclosure reflects all awards for a reporting year, ie the 2017 value reflects the fair value of LPP awards granted in April 2017 and the 2018 value reflects the fair value of LPP awards granted in April 2018.
39
annual_report
NatwestGroupPLC-AR_2016
1,959
Reason: Economic Profit, being a risk-adjusted financial measure, is consistent with regulatory requirements and provides a balance between measuring growth and the cost of capital employed in delivering that growth.
30
annual_report
5644
2,091
accounts which were funded by a third party investor. The segregated accounts have not been consolidated as part of the Company’s consolidated financial statements.
24
10K
NatwestGroupPLC-AR_2016
2,672
Net interest income of £8,708 million reduced by £59 million compared with 2015 principally driven by a £126 million reduction in Capital Resolution, in line with the planned shrinkage of the balance sheet.
33
annual_report
NatixisSA-AR_2018
6,271
The provisions booked on the liability side of Natixis’ financial statements as at December 31, 2018 and as at December 31, 2017, are presented in Note 8.17 “Summary of provisions”, and the possible allocations are set out in Note 7.6 “Other income and expenses”, Note 7.7 “Operating expenses” and Note 7.8 “Provision fo...
55
annual_report
RSAInsuranceGroupPLC-AR_2015
1,822
Significant transactions and events 7 Discontinued operations and disposals 124 8 Reorganisation costs 127
14
annual_report
5091
2,015
Net premiums earned. Net premiums earned decreased by $15.6 million, or 1.4%, in 2015 compared to 2014 largely due to changes in the business mix and increased ceded costs. Net premiums earned decreased by $15.2 million, or 1.4%, in 2014 compared to 2013 due to the growth in gross written premiums and the reduction in ...
57
10K
PowszechnyZakladUbezpieczenSA-AR_2015
1,853
In order to meet the highest information governance requirements for public companies and fulfilling information needs of different groups of stakeholders, the Management
23
annual_report
NatixisSA-AR_2003
2,589
Banque Fédérale des Banques Populaires granted the Company a financial subsidy in the amount of EUR30 million.
17
annual_report
4137
1,716
The U.S. specialty and the Max at Lloyd’s segments each have their own portfolio of fixed maturities investments; as a result the investment income earned by each of these portfolios is reported in its respective segment. The management of these portfolios, however, is handled on a consolidated basis together with the ...
64
10K
NatixisSA-AR_2012
1,916
Following Natixis’ conversion into a French société anonyme with a Board of Directors, a Management Board was set up in early May 2009 in order to examine and validate the Company’s main decisions and steer its management. In 2010, the Board met on a weekly basis without exception, apart from during part of the summer ...
76
annual_report
GjensidigeForsikringASA-AR_2010
836
Marchand was elected member of gjensidige’s Board of directors in 2010. Ms. Marchand is president and Ceo of eksportfinans asa, and has previously held various positions, e.g. as Ceo of statens pensjonskasse . she is currently a board member of oslo Børs Vps Holding asa, oslo Børs as, norske skogindustrier asa, the nor...
122
annual_report
4652
1,447
Withdrawals and benefits include $(902) million, $(78) million and $(752) million for 2012, 2011 and 2010, respectively, representing transfers of client balances from accounts we manage to externally-managed accounts. These withdrawals are offset within Other.
35
10K
4814
725
The insurance subsidiaries must each maintain a minimum statutory capital and surplus of $1.5 million and $2.4 million under the provisions of the Illinois Insurance Code and the Missouri Insurance Code, respectively. Dividends may only be paid from statutory unassigned surplus, and payments may not be made if such sur...
88
10K
3574
949
(5)60+ day delinquencies are defined as loans that are greater than 60 days delinquent and also includes all loans that are in foreclosure, bankruptcy or REO divided by net par outstanding.
31
10K
gb_prudential-AR_2015
1,439
— Pierre-Olivier Bouée stepped down as Executive Director (May 2015) and as Group Chief Risk Officer (June 2015).
18
annual_report
GjensidigeForsikringASA-AR_2010
1,492
Nok million office held 31.12.2010 31.12.2010 31.12.2009 31.12.2009 storebrand asa oslo 24.3 % 4,604.4 3,287.8 4,604.4 2,903.5 spareBank1 sr-Bank stavanger 10.3 % 866.4 958.9 866.4 877.4 Bilskadeinstituttet as oslo 29.5 % 0.3 1.4 0.3 1.4 Forsikring og Finans sandnes as (sold during 2010) n/a n/a 0.1 Forsikringskontoret...
416
annual_report
NatwestGroupPLC-AR_2009
4,606
Financial summary The Group’s financial statements are prepared in accordance with IFRS. Selected data under IFRS for each of the five years ended 31 December 2009 are presented on pages 350 to 359.
33
annual_report
NatixisSA-AR_2014
4,462
3.3.3 Impact of the loss of control of entities during the period
12
annual_report
AegonNV-AR_2012
5,510
Aegon N.V. and Vereniging Aegon have entered into a preferred shares voting rights agreement, pursuant to which Vereniging Aegon has voluntarily waived its right to cast 25/12 vote per class A or class B preferred share. Instead, Vereniging Aegon has agreed to exercise one vote only per preferred share, except in the e...
66
annual_report
2769
1,038
The following table summarizes our consolidated results of operations for 2005 and 2004 (in thousands):
15
10K
2876
843
When considering our liquidity, it is important to note that we hold cash in a fiduciary capacity as a result of premiums received from clients that have not yet been paid to insurance carriers. The fiduciary cash is recorded as an asset on our balance sheet with a corresponding liability, net of commissions, to insura...
159
10K
StorebrandASA-AR_2012
668
Control Committee Storebrand is legally required to have a Control Committee. Storebrand aSa, Storebrand Livsforsikring aS, Storebrand Forsikring aS, Storebrand bank aSa and Storebrand boligkreditt aS share a committee, which consists of five members and an alternate member, all of which are elected by the aGM. the alt...
219
annual_report
2446
809
The table below provides information about the Company’s financial instruments that are sensitive to changes in interest rates and shows the effect of hypothetical changes in interest rates as of December 31, 2004. The selected hypothetical changes do not indicate what could be the potential best or worst case scenario...
119
10K
2079
396
Infinity's insurance subsidiaries generate liquidity primarily by collecting and investing premiums in advance of paying claims. Infinity had positive cash flow from operations of approximately $45 million in 2002, $33 million in 2001 and $25 million in 2000.
38
10K
AvivaPLC-AR_2016
1,873
` Reviewed and approved the key individual objectives for 2016 for each member of the GE.
16
annual_report
3775
671
Ceded amortization of deferred policy acquisitions costs increased for the year ended December 31, 2007 compared to the year ended December 31, 2006. For the year ended December 31,
29
10K
DirectLineInsuranceGroupPLC-AR_2016
3,262
 For internet sales, go to www.investorcentre.co.uk/directline. You will need your Shareholder Reference Number, as shown on your share certificate, or your welcome letter from the Chairman.
27
annual_report
5949
755
The Company's significant contractual obligations as of December 31, 2020, were as follows (dollars in millions):
16
10K
5172
12,985
Detailed information concerning White Mountains’s cash flows during 2015, 2014 and 2013 follows:
13
10K
ch_zurich_insurance_group-AR_2011
1,037
The Group has local product development committees and a Group-level product approval committee, under the leadership of the Global Life Chief Risk Officer, for potential new life products that could significantly increase or change the nature of its risks. Such reviews allow Zurich to manage new risks inherent in its ...
67
annual_report
NatwestGroupPLC-AR_2019
4,318
Net assets/(liabilities) sold 351 — 177 Non-cash consideration — — (15) Profit on disposal — — 155 Net cash and cash equivalents disposed — — — Net inflow/(outflow) of cash in respect of disposals 351 — 317
37
annual_report
968
178
- ---------------------------- (1) Net income reflects the charge resulting from expensing the transition obligation upon the implementation of SFAS No. 112, "Employers' Accounting for Postemployment Benefits". Such amounts were $4.5 million and $0.2 million, after tax, for Management services to property and casualty ...
124
10K
ch_zurich_insurance_group-AR_2016
2,551
Table 5.2 shows the result for the nine months since the acquisition date as included in the Group consolidated income statement for the year ended December 31, 2016. Furthermore, the table shows information relating to the full twelve months period to December 31, 2016. This information is based on the local statutory...
68
annual_report
1657
3,615
eliminated in the accompanying consolidated balance sheet as of December 31,
11
10K
AdmiralGroupPLC-AR_2010
575
Disclosure of information to auditors The Directors who held offi ce at the date of approval of this Directors’ report confi rm that, so far as they are each aware, there is no relevant audit information of which the Company’s auditor is unaware; and each Director has taken all the steps that he ought to have taken as ...
81
annual_report
2551
853
Additionally, at December 31, 2004, 70.8% of our fixed maturity securities were invested in corporations backed by the implied full faith and credit of the U.S. government, U.S. Treasury securities and obligations of U.S. government corporations and agencies, including U.S. government guaranteed mortgage-backed securit...
265
10K
fr_axa-AR_2013
843
Group net capital gains and losses attributable to shareholders increased by €136 million mainly due to: ■ €-12 million lower realized capital gains to €801 million mainly driven by lower realized gains on fi xed income assets
37
annual_report
SwissLifeHoldingAG-AR_2019
3,317
Swiss Life Deutschland Operations GmbH, Hannover DE 100.0% 100.0% Services EUR 25 000
13
annual_report
4330
1,724
Identification and evaluation of securities that have possible indications of other-than-temporary impairment, which includes an analysis of all investments with gross unrealized investments losses that represent 20% or more of cost.
31
10K
5634
4,338
• Gross claim frequency (1) is calculated as annualized notice counts received in the period divided by the average of PIF with the applicable coverage during the period. Gross claim frequency includes all actual notice counts, regardless of their current status (open or closed) or their ultimate disposition (closed wi...
56
10K
5176
1,314
· In September 2010, the Company’s Board approved a repurchase program (2010 $30.0 million stock repurchase program). This program was discontinued on March 23, 2013.
25
10K
5162
557
Operating revenue, which excludes net realized investment gains and losses, increased 2.5 percent in 2015 relative to the prior year, driven by combined premium income growth of approximately 5 percent in our principal operating business segments. Net investment income, while a significant source of revenue for us, was...
132
10K
3217
1,225
The following table presents the dollar and percentage distributions of investments as of December 31, 2006 and December 31, 2005:
20
10K