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gb_lloyds_banking_grp-AR_2016 | 1,222 | EFFECTIVENESS Board induction The Chairman personally ensures that on appointment each Director receives a full, formal and tailored induction. The emphasis is on ensuring the induction brings the business and its issues alive for the new Director, taking account of the specific role they have been appointed to fulfil and the skills/experience of the Director to date. | 57 | annual_report |
AdmiralGroupPLC-AR_2016 | 2,408 | Financial Statements Additional InformationCorporate GovernanceStrategic Report Introduction 137Admiral Group plc · Annual Report and Accounts 2016 | 16 | annual_report |
3876 | 5,043 | Investment real estate is depreciated on a straight-line basis over periods ranging from 10 to 60 years. | 17 | 10K |
601 | 1,037 | MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS SHOULD BE READ IN CONJUNCTION WITH THE CONSOLIDATED FINANCIAL STATEMENTS AND RELATED NOTES BEGINNING ON PAGE. | 27 | 10K |
HelvetiaHoldingAG-AR_2008 | 1,439 | (b) Underwriting and reinsurance An insurance policy covering death or disability risk may only be taken out at regular terms and conditions if the insured is in good health. Compliance with this condition is checked during verification of the application. The check is based on the answers to the health questionnaire, and from a specific insured risk amount, a medical examination is required. | 63 | annual_report |
4965 | 942 | Property and equipment as of December 31, 2014 and 2013 is summarized as follows: | 14 | 10K |
RaiffeisenBankInternationalAG-AR_2020 | 4,449 | Movement from 12-month ECL to lifetime ECL (11,302,083) 11,302,083 (41,053) 507,686 0.4% 4.5% | 13 | annual_report |
4131 | 1,413 | The following table sets forth the components of net realized investment gains and losses for the year ended December 31, 2009, 2008 and 2007 (in thousands): | 26 | 10K |
4279 | 1,615 | Stock Bonus Plan: Aflac U.S. maintains a stock bonus plan for eligible U.S. sales associates. Plan participants receive shares of Aflac Incorporated common stock based on their new annualized premium sales and their first-year persistency of substantially all new insurance policies. The cost of this plan, which is included in deferred policy acquisition costs, amounted to $34 million in 2010, $40 million in 2009 and $46 million in 2008. | 69 | 10K |
INGGroepNV-AR_2018 | 1,795 | In 2018, there were 7 employees, working in the Corporate Staff, Wholesale Banking and Retail | 15 | annual_report |
1255 | 531 | 16) Impact of year 2000 computer hardware, software and microprocessors embedded in certain equipment issues on the Company's operations and potential for year 2000 claims under reinsurance and insurance contracts written by the Company; | 34 | 10K |
4444 | 1,044 | The Company maintains a general account investment portfolio comprised primarily of investment grade fixed maturity securities, policy loans, cash and cash equivalents and mortgage loans on real estate. | 28 | 10K |
ScorSE-AR_2018 | 5,322 | Developing the expertise, knowledge and career paths is a key condition to ensure employees motivation and wellbeing, and finally the Group performance. In this regard, a whole range of facilities has been implemented to support and assist employees in their professional development. This objective of skills development has resulted in the training of nearly 98.5% of employees in 2018(1). | 59 | annual_report |
LloydsBankingGroupPLC-AR_2020 | 4,140 | Financial assets at fair value through profit or loss 47 6,245 6,292 — 1,424 — 163,910 165,334 171,626 | 18 | annual_report |
5280 | 469 | The Company uses both standard actuarial techniques common to most insurance companies as well as proprietary techniques developed by the Company in consideration of its specialty business products. For its short-tail lines of business, the Company uses predominantly the incurred or paid loss development factor methods. The Company has found that the use of accident quarter loss development triangles, rather than those based upon accident year, are most responsive to claim settlement trends and fluctuations in premium exposures for its short-tail lines. A minimum of 12 running accident quarters is used to project the reserve necessary for IBNR losses for its short-tail lines. | 103 | 10K |
RSAInsuranceGroupPLC-AR_2017 | 3,953 | Comprised of: Volume change including portfolio actions and reinsurance (25) (137) | 11 | annual_report |
de_allianz-AR_2018 | 1,791 | Program and the Commercial Paper Program. Money market securities increased in the use of commercial paper, compared to the previous year-end. Interest expenses on money market securities increased mainly due to higher funding costs on average in 2018. | 38 | annual_report |
nl_ing_grp-AR_2014 | 5,536 | The 2nd line Market Risk Management function is responsible for defining the governance with regard to funding and liquidity management. Next to this, Market Risk Management sets the standards for the funding and liquidity risk approach (identify, assess, control, monitor and report) and determines adequate policies and procedures for managing and monitoring liquidity risk in view of compliance with guidelines and limits. | 62 | annual_report |
ScorSE-AR_2012 | 5,024 | Marchés Financiers on 8 March 2011 under number D. 11-0103 and from pages 292 to 320 and from pages 321 to 322, respectively, of the free translation into English of the Registration Document filed with the the Autorités des | 39 | annual_report |
927 | 261 | The Company's investment strategy with respect to CMO's focuses on actively- traded, less volatile issues that produce relatively stable cash flows. The majority of CMO holdings are sequential tranches of federal agency issuers. The CMO portfolio has been constructed with underlying mortgage collateral characteristics and structure in order to lower cash flow volatility over a range of interest rate levels. | 60 | 10K |
3246 | 1,392 | In recent periods, management focus has been placed on promoting and growing TPA services to unaffiliated life insurance companies. The Company receives monthly fees based on policy in force counts and certain other activity indicators, such as number of premium collections performed, or services performed. For the years ended 2006, 2005 and 2004, the Company received $ 1,811,151, $ 1,170,824 and $ 719,053 for this work, respectively. These TPA revenue fees are included in the line item “other income” on the Company’s consolidated statements of operations. No new TPA contracts were entered into during 2006, however, the Company intends to continue to pursue other TPA arrangements, through an alliance with Fiservto insurance companies seeking business process outsourcing solutions. Fiserv is responsible for the marketing and sales function for the alliance, as well as providing the data center operations. UTG staffs the administration effort. Management believes this alliance with Fiserv positions the Company to generate additional revenues by utilizing the Company’s current excess capacity and administrative services. Fiserv is a unit of Fiserv, Inc. (NASDAQ: FISV) which is an independent, full-service provider of integrated data processing and information management systems to the financial industry, headquartered in Brookfield, Wisconsin. Management believes this area is a growing market and the Company is well positioned to serve this market. | 215 | 10K |
5319 | 1,707 | IRS Matter. In addition to the items discussed above, in the event a final judgment or compromised settlement agreement is reached in Radian Group’s ongoing dispute with the IRS related to the Deficiency Amount from the examination of our 2000 through 2007 consolidated federal income tax returns, Radian Group may be required to make a payment to the U.S. Treasury. During 2016, we held several meetings with the IRS in an attempt to reach a compromised settlement on the issues presented in our dispute. In January 2017, the parties informed the Tax Court that they believe they have reached a basis for a compromised settlement on the primary issues present in the case. The resolution must be reported to the JCT for review and cannot be finalized until the IRS considers the views, if any, expressed by the JCT about the matter. If we are unable to complete a compromised settlement, then the ongoing litigation could take several years to resolve and may result in substantial legal expenses. We can provide no assurance regarding the outcome of any such litigation or whether a compromised settlement with the IRS will ultimately be reached. As such, there remains significant uncertainty with regard to the amount and timing of any potential payments. See Note 10 of Notes to Consolidated Financial Statements for additional information regarding the IRS matter. | 225 | 10K |
PhoenixGroupHoldingsPLC-AR_2009 | 1,769 | Deferred annuities Deferred annuity policies are written to provide either a cash benefit at retirement, which the policyholder can use to buy an annuity on the terms then applicable, or an annuity payable from retirement. The policies contain an element of guarantee expressed in the form that the contract is written in, i.e. to provide cash or an annuity. Deferred annuity policies written to provide a cash benefit may also contain an option to convert the cash benefit to an annuity benefit on guaranteed terms; these are known as GAR policies. Deferred annuity policies written to provide an annuity benefit may also contain an option to convert the annuity benefit into cash benefits on guaranteed terms; these are known as GCO policies. | 122 | annual_report |
4082 | 1,598 | The note receivable represents a non-recourse loan secured by collateral pledged by the counterparty to the note receivable. The fair value of the note receivable is calculated as the most recent appraised value of the underlying collateral pledged against the note receivable. | 42 | 10K |
NatixisSA-AR_2014 | 1,353 | 2 CORPORATE GOVERNANCE Management and oversight of corporate governance In 2014, the Audit Committee’s duties focused on the following items in particular: Financial position | 24 | annual_report |
Sampoplc-AR_2002 | 46 | In September Sampo became the largest fund management company in Finland. | 11 | annual_report |
INGGroepNV-AR_2016 | 5,883 | Regulation is becoming increasingly more extensive and complex. A recent example is the implementation of the Common Reporting Standard (CRS), which like FATCA requires financial institutions to report detailed client-related information to the competent authorities. Customer due diligence (CDD) and transaction monitoring impose obligations on financial institutions to maintain appropriate policies, procedures and controls to detect, prevent and report money laundering (AML), terrorist financing, and fraud. | 66 | annual_report |
RSAInsuranceGroupPLC-AR_2020 | 4 | As this may be RSA’s last annual report, it is worth reflecting on some of our major achievements over the past 300 years. From humble beginnings under the stewardship of Charles Povey in 1706, the business has grown significantly to be an ever-present member of the FTSE 100 index, providing insurance needs for generations of families and businesses across the world. The RSA story is not over, however, and under new ownership the business can continue to go from strength to strength for generations to come. | 86 | annual_report |
5738 | 1,626 | The Company’s held-to-maturity securities had $86.3 million of gross unrecognized holding losses as of December 31, 2018. The Company does not consider these unrecognized holding losses to be other-than-temporary based on certain positive factors associated with the securities which include credit ratings of the guarantor, financial health of the issuer and guarantor, continued access of the issuer to capital markets and other pertinent information. | 64 | 10K |
gb_prudential-AR_2007 | 2,051 | D1: Group overview continued c Guarantees Notes D2(c), D3(c), D4(b) and D4(h) provide details of guarantee features of the Group’s life assurance products. In the UK, guarantees of the with-profits products are valued for accounting purposes on a market consistent basis for 2007 as described in section D2(e)(ii). The UK business also has products with guaranteed annuity option features, mostly within SAIF, as described in section D2(c). There is little exposure to financial options and guarantees in the shareholder-backed business of the UK operations. The US business annuity products have a variety of option and guarantee features as described in section D3(c). Jackson’s derivative programme seeks to manage the exposures as described in section D3(d). The most significant exposure for the Group arises on Taiwan whole of life policies as described in section D4(h)(iii). | 134 | annual_report |
AvivaPLC-AR_2014 | 4,160 | Less: Effect of capitalisation factor on regular premium long-term business (7,314) (6,807) (6,738) Share of long-term new business sales from JVs and | 22 | annual_report |
NatixisSA-AR_2018 | 2,544 | Several specialist projects involved all Internal Audit staff in 2018. These included: follow-up to the 2018 independent review by an externala consultant of the self-assessment of the quality of audits conducted in 2017; improving the quality of audits by implementing most of thea recommendations of the 2017 and 2018 audits and taking further action to reduce the turnaround times for audit reports; strengthening the organization and resources of Natixis’a Internal Audit function by building expertise in the area of data science (recruitment of an expert and selection of a specialized tool for use in all for all audits); stepping up the general oversight of the work of the ninea international and subsidiary audit teams (formalizing and following up the implementation of audit plans, inspectors’ skills and training, etc.); strengthening the system for following up recommendationsa by introducing an alert on the platforms and in the subsidiaries whenever a recommendation has not been implemented in a timely manner, similar to the system used by the Group; | 165 | annual_report |
RSAInsuranceGroupPLC-AR_2015 | 205 | RSA is a valuable company. We can make it much more valuable. We are on a course to do just that. | 21 | annual_report |
3626 | 1,020 | Commission and Fee Income. We recognize commission and fee revenue as a servicing carrier for the Georgia and Virginia assigned risk plans. In addition, we also offer claims adjusting and loss control services for fees to unaffiliated third parties. We also recognize fee income associated with the issuance of workers’ compensation policies for installment fees, in jurisdictions where it is permitted and approved, and reinstatement fees, fees charged to reinstate a policy after it has been cancelled for non-payment, in jurisdictions where it is permitted and approved. Our specialty risk and extended warranty business generates fee revenue | 97 | 10K |
INGGroepNV-AR_2008 | 2,197 | The majority of the risks involved in security and currency trading is economically hedged with derivatives. The securities trading results are partly offset by results on these derivatives. The result of these derivatives is included in Derivatives trading results. | 39 | annual_report |
NatixisSA-AR_2003 | 2,508 | NATEXIS PAIEMENTS (formerly BPL) Banking services 100 100 100 100 100 100 | 12 | annual_report |
RaiffeisenBankInternationalAG-AR_2018 | 5,719 | The number of ordinary shares of RBI AG which ultimately will be transferred depended on the achievement of two performance criteria: the targeted return on equity (ROE) and the performance of the shares of RBI AG compared to the total shareholder return of the shares of companies in the DJ EURO STOXX Banks index after a five-year holding period. | 59 | annual_report |
4523 | 2,488 | •the credit quality of the underlying reinsurer. We record adjustments to reflect the results of the detailed review through an allowance for uncollectable reinsurance. At December 31, 2012, the allowance for estimated unrecoverable reinsurance was $338 million. At December 31, 2012, we had no significant general reinsurance recoverables due from any individual reinsurer that was financially troubled. In the current environment of weaker economic conditions and strained financial markets, certain reinsurers are reporting losses and could be subject to rating downgrades. Our reinsurance recoverable exposures are primarily to the regulated subsidiaries of such companies which are subject to minimum regulatory capital requirements. The RCD, in conjunction with the credit executives within ERM, reviews these developments, monitors compliance with credit triggers that may require the reinsurer to post collateral, and will seek to use other appropriate means to mitigate any material risks arising from these developments. See Note 9 to the Consolidated Financial Statements for additional information on reinsurance. | 158 | 10K |
SwissLifeHoldingAG-AR_2009 | 357 | Member of the Board of Directors – Cellere AG, St. Gallen, Member of the Board of | 16 | annual_report |
3777 | 1,117 | In addition, the Company maintains non-qualified, unfunded deferred compensation plans, which allow certain members of senior management and executives to defer portions of their salary or bonus and receive certain Company contributions on such deferrals, subject to plan limitations. The deferrals are recorded within Long-Term Investments with an approximately equal amount in Other Liabilities in the Consolidated Balance Sheets. The total deferrals are distributable based upon termination of employment or other periods, as elected under each plan and are $182 million and $225 million as of December 31, 2008 and 2007, respectively. | 92 | 10K |
ScorSE-AR_2018 | 1,359 | Aside from the mandatory conditions (1), (2) and (3), if the observed average solvency ratio (condition (4)) is lower than the “Target Solvency Ratio”(1), the options will be exercisable according to the sliding scale set out in the table below: Difference between the average solvency ratio and the “Target Solvency Ratio”(1) | 51 | annual_report |
2517 | 5,148 | Income tax expense. Income tax expense for the twelve months ended December 31, 2004 was $68.1 million compared to $54.4 million for the twelve months ended December 31, 2003. Our consolidated tax rate for 2004 was 25.5%, whereas in 2003 it was 26.4%. The tax rate decreased due to a greater proportion of the Company's profit which emanated from our Bermudian operations. | 62 | 10K |
4733 | 775 | The increases in revenues during 2013 were primarily driven by the full year effect of 2012 acquisitions, including Amil, growth in the number of individuals served through benefit products and overall organic growth in each of Optum’s major businesses. The revenue impact of these factors was partially offset by the reduction in Medicare Advantage rates. Also offsetting the revenue increase was the first quarter conversion of a large fully-insured commercial customer from a risk-based to a fee-based arrangement affecting 1.1 million members. While this conversion reduced our full-year 2013 consolidated revenues by $2.3 billion, the impact to earnings from operations and cash flows was negligible. | 105 | 10K |
AvivaPLC-AR_2013 | 2,573 | The Southgate Limited Partnership Property management UK 50.00% 50.00% Queensgate Limited Partnership Property management UK 50.00% 50.00% Airport Property Partnership Property management UK 50.00% 50.00% 2-10 Mortimer Street Limited Partnership Property management UK 38.10% 27.30% The Mall Limited Partnership Property management UK 50.52% 50.52% Aviva-COFCO Life Insurance Co. Ltd Life insurance China 50.00% 50.00% First-Aviva Life Insurance Co. Ltd Life insurance Taiwan 49.00% 49.00% AvivaSA Emeklilik ve Hayat A.S Life insurance Turkey 49.83% 49.83% Woori Aviva Life Insurance Co. Ltd Life insurance Korea 47.31% 47.31% | 85 | annual_report |
157 | 1,186 | The amortized cost and market value of debt securities at December 31, 1995 and 1994, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. | 46 | 10K |
NatwestGroupPLC-AR_2012 | 6,495 | The financial performance of the Group has been, and continues to be, materially affected by deteriorations in borrower and counterparty credit quality and further deteriorations could arise due to prevailing economic and market conditions and legal and regulatory developments The Group has exposure to many different industries and counterparties, and risks arising from actual or perceived changes in credit quality and the recoverability of monies due from borrowers and counterparties are inherent in a wide range of the Group’s businesses. In particular, the Group has significant exposure to certain individual counterparties in weakened business sectors and geographic markets and also has concentrated country exposure in the UK, the US and across the rest of Europe (principally Germany, The Netherlands, Ireland and France) (at 31 December 2012 credit risk assets in the UK were £316 billion, in North America £101 billion and in Western Europe (excluding the UK) £147 billion); and within certain business sectors, namely personal finance, financial institutions and commercial real estate (at 31 December 2012 residential and personal lending amounted to £182 billion, lending to financial institutions was £114 billion and commercial real estate lending was £63 billion). The Group expects its exposure to the UK to increase proportionately as its business becomes more concentrated in the UK, with exposures generally being reduced in other parts of its business as it implements its strategy. | 226 | annual_report |
2550 | 814 | •On April 28, 2004, AGRO commuted its remaining auto residual value reinsurance business and transferred assets with a market value of $108.3 million to a subsidiary of ACE. This transaction caused a $(6.5) million underwriting loss, offset by a $6.8 million realized gain from the asset transfer. | 47 | 10K |
SwissLifeHoldingAG-AR_2018 | 683 | Information security is closely related to locally applicable data protection provisions, such as the Swiss Federal Act on Data Protection (DSG) and the European Union’s General Data Protection Regulation (GDPR). More information on data protection is provided in the Compliance chapter of the Corporate Responsibility Report. | 46 | annual_report |
TrygAS-AR_2019 | 839 | Provisions before discounting, end of year 626 801 1,110 1,051 1,184 1,394 1,387 1,659 2,230 3,628 7,793 22,863 | 18 | annual_report |
fr_axa-AR_2000 | 2,962 | or on quoted market prices of comparable securities. Unrealized investment gains and losses are included in net investment results. | 19 | annual_report |
2188 | 2,084 | The increase in the minimum liability included in “Accumulated other comprehensive income” as of September 30, 2003 and September 30, 2002 is as follows: | 24 | 10K |
4238 | 1,449 | the period. Diluted book value per common share is a Non-GAAP financial measure. The most comparable U.S. GAAP financial measure is book value per common share. Diluted book value per common share is calculated based on total shareholders’ equity plus the assumed proceeds from the exercise of outstanding options and warrants, divided by the sum of common shares, unvested restricted shares, options and warrants outstanding (assuming their exercise). A reconciliation of diluted book value per common share to book value per common share is presented below in the section entitled “Non-GAAP Financial Measures.” | 93 | 10K |
GjensidigeForsikringASA-AR_2013 | 843 | The banking operation has established a liquidity portfolio which is continuously measured and reported at fair value. The bank has a goal of having low interest rate risk and plans and manages the interest rate risk so that one aggregates fixed-rate positions on both deposits, loans and placements in a model, and then use interest rate swaps to balance out potential remaining risk. Interest rate swaps are measured at fair value, and in order to avoid inconsistent measurement, bonds and certificates with fixed interest-rates issued before 2013 subject to interest rate hedging are measured at fair value. From 2013 the bank uses hedge accounting for new bonds and certificates with fixed interest-rates subject to interest rate hedging. | 117 | annual_report |
HannoverRueckSE-AR_2008 | 430 | In the Scandinavian markets we support first and foremost life insurers that focus on unit-linked products and bancassurance models, while in Israel long-term morbidity policies such as long-term care and critical illness dominate. | 33 | annual_report |
gb_lloyds_banking_grp-AR_2011 | 6,209 | Analysis of shareholders At 31 December 2011 Shareholders Number of ordinary shares | 12 | annual_report |
RaiffeisenBankInternationalAG-AR_2011 | 2,352 | The share of not rated financial institutions was 0.2 per cent at year end 2011. This exposure was mainly caused by short-term loans to small banks, where the rating process had not yet been completed. | 35 | annual_report |
2735 | 1,920 | On November 28, 2005, the Partnership’s Blue Springs, Missouri land investment was sold, prior to funding, for $2.3 million, resulting in a realized gain of approximately $0.6 million. | 28 | 10K |
4884 | 1,965 | Short-term investments as presented in the tables above differ from the amounts presented on the consolidated balance sheets because certain short-term investments are not measured at estimated fair value on a recurring basis. | 33 | 10K |
4047 | 813 | We and our insurance subsidiaries share administrative headquarters with Donegal Mutual in a building in Marietta, Pennsylvania owned by Donegal Mutual. Donegal Mutual charges us and our insurance subsidiaries for an appropriate portion of the building expenses under an inter-company allocation agreement. The Marietta headquarters has approximately 230,000 square feet of office space. Southern owns a facility of approximately 10,000 square feet in Glen Allen, Virginia. Le Mars owns a facility of approximately 25,500 square feet in Le Mars, Iowa, the Peninsula Companies own a facility of approximately 14,600 square feet in Salisbury, Maryland and Sheboygan owns a facility of approximately 8,800 square feet in Sheboygan Falls, Wisconsin. | 108 | 10K |
PhoenixGroupHoldingsPLC-AR_2017 | 1,108 | Customer highlights – Delivery of a secure environment for the encashment of smaller policies, which allows customers to submit their application online, reducing the overall time taken for them to receive their funds. | 33 | annual_report |
PhoenixGroupHoldingsPLC-AR_2020 | 34 | Read more about our strategic priorities and KPIs page 26 to 45 | 12 | annual_report |
1581 | 357 | The carrying value of property and equipment is reviewed for recoverability based on an evaluation of the estimated useful life of such assets. | 23 | 10K |
ch_zurich_insurance_group-AR_2019 | 2,846 | Development of liabilities for investment contracts in USD millions 2019 2018 | 11 | annual_report |
SwissReAG-AR_2015 | 3,700 | Our commitment to the Grow Africa Partnership thus centres on the following three goals: ̤ Give farmers in Sub-Saharan Africa access to tools such as weather and yield index insurance products; ̤ Invest in resources equivalent to about USD 2 million per year to support the development of sustainable agricultural risk management markets; ̤ Provide agricultural insurance for up to 1.4 million smallholder farmers. | 64 | annual_report |
BeazleyPLC-AR_2016 | 1,948 | www.beazley.com158 Beazley Annual report 2016 2 Risk management continued The board’s strategy is to grow the dividend by between 5% and 10% per year. Our capital management strategy is to carry some surplus capital to enable us to take advantage of growth opportunities which may arise. At 31 December 2016, we have surplus capital of 44% of ECR (unaudited), including Solvency II adjustments. Following payment of the second interim dividend of 7.0p per share and special dividend of 10.0p per share, the surplus reduces to 36% (unaudited) compared to our current target range of 15% to 25% of ECR. | 99 | annual_report |
1882 | 379 | The amortized cost of our public and private below-investment grade fixed maturities totaled $63.8 million, or 12%, of the total fixed maturities as of December 31, 2002, compared to $45.6 million, or 10%, of total fixed maturities as of December 31, 2001. The increase in the amount of below-investment grade fixed maturities at December 31, 2002 from a year earlier came primarily from negative credit migration over the period. | 69 | 10K |
gb_prudential-AR_2006 | 4,769 | Term to maturity: Less than 1 year – – 16 11.9 | 11 | annual_report |
2292 | 411 | Year Ended December 31 ----------------------------------------- 2003 2002 2001 ---------------------------------------------------------------------------------------------------------------------- (in thousands) Adjusted net income: Income from continuing operations before cumulative effect of change in accounting principle $232,040 $157,394 $143,501 Add back amortization of goodwill, net of income tax 1,838 ---------------------------------------------------------------------------------------------------------------------- Adjusted income from continuing operations before cumulative effect of change in accounting principle 232,040 157,394 145,339 Loss from discontinued operations, net of income tax (9,856) Loss from sale of discontinued operations, net of income tax (17,754) ---------------------------------------------------------------------------------------------------------------------- Adjusted net income before cumulative effect of change in accounting principle 232,040 157,394 117,729 Cumulative effect of change in accounting principle, net of income tax (8,341) ---------------------------------------------------------------------------------------------------------------------- Adjusted net income $232,040 $157,394 $109,388 ---------------------------------------------------------------------------------------------------------------------- | 111 | 10K |
AvivaPLC-AR_2012 | 2,035 | a calculation of the ‘realistic’ present value of the insurer’s expected future contractual liabilities together with projected ‘fair’ discretionary bonuses to policyholders, plus a risk capital margin, together known as the ‘realistic peak’. | 34 | annual_report |
3249 | 2,061 | The Company is aware of the SEC’s review of the loss reserving practices of the financial guaranty industry. The Company recognizes that there is diversity in practice among financial guaranty insurers and reinsurers with respect to their accounting policies. Current accounting literature, specifically FASB Statement of Financial Accounting Standards No. 60 “Accounting and Reporting by Insurance Enterprises” (“FAS 60”) does not specifically address the unique characteristics of financial guaranty insurance contracts. Consequently, the accounting principles applied by the industry have evolved over time and incorporate the concepts of both short-duration and long-duration contracts accounting under the provisions of FAS 60 and other accounting literature such as FAS 5 and EITF 85-20. In June 2005, the FASB undertook a project to review this matter and provide guidance for the accounting for financial guaranty insurance contracts under which it will consider claims liability recognition, premium recognition, and the related amortization of deferred policy acquisition costs. An exposure draft is expected to be issued by the FASB during the first quarter of 2007. The Company will continue its loss reserving methodology as noted in Note 2 (k) until further guidance is provided by the SEC or FASB. The Company had reserves for financial guaranty insurance contracts of $262.7 million and $173.7 million at December 31, 2006 and 2005, respectively. | 216 | 10K |
3086 | 901 | At December 31, 2006, we did not hold any fixed maturity securities in any single issuer which exceeded 10 percent of shareholders’ equity other than securities issued or guaranteed by the U.S. government. | 33 | 10K |
gb_prudential-AR_2014 | 3,935 | Rate of increase of pensions in payment for inflation: PSPS: Other schemes 3.0 3.3 * The discount rate has been determined by reference to an ‘AA’ corporate bond index, adjusted where applicable, to allow for the difference in duration between the index and the pension liabilities. | 46 | annual_report |
fr_axa-AR_2016 | 10,296 | AXA brand contributed by FINAXA as part of the 2005 merger and valued at €307 million at the time based on brand royalties billed to Group subsidiaries and to the Mutuelles AXA, and €32 million relating to the capitalization of software expenses . | 43 | annual_report |
897 | 477 | The payment of dividends from unassigned surplus by the insurance subsidiaries without prior approval of the Illinois Insurance Department is subject to certain restrictions principally including those relating to the greater of 10% of the prior year's statutory basis surplus or net income. The total amount of dividends that could be paid in 1999 without regulatory approval is approximately $8.5 million. | 61 | 10K |
5299 | 1,394 | Benefits and expenses decreased $1.5 billion from $2.4 billion in 2015 to $0.9 billion in 2016, primarily driven by a favorable variance in general, administrative and other expenses of $0.8 billion primarily driven by the commission and expense allowance, ceded trail commissions and the deferral of the loss on reinsurance. Policyholders' benefits decreased $0.6 billion due to ceded GMDB and GMIB reserves as a result of the Variable Annuities Recapture. | 70 | 10K |
4746 | 739 | We deduct brokerage expense from gross revenues in our determination of our total revenues. Brokerage expense represents commissions paid to sub-brokers related to the placement of certain business by our brokerage segment. We recognize this expense in the same manner as commission revenues. | 43 | 10K |
5658 | 1,530 | In our earlier years, we placed significant reliance on industry benchmarks in establishing our expected loss ratios and selecting loss development patterns. Over time, we have placed more reliance on our historical loss experience in establishing these ratios and selecting these patterns where we believe the weight of our own actual experience has become sufficiently credible for consideration. The weight given to our experience differs for each of our three claim tail classes (refer to 'Claim Tail Analysis' below for further details). In establishing expected loss ratios for our insurance segment, we give consideration to a number of other factors, including exposure trends, rate adequacy on new and renewal business, ceded reinsurance costs, changes in claims emergence and our underwriters’ view of terms and conditions in the market environment. For our | 131 | 10K |
PosteItalianeSpA-AR_2017 | 2,555 | A10 - Cash and cash equivalents (€2,428 million) tab. A10 - Cash and cash equivalents | 15 | annual_report |
INGGroepNV-AR_2016 | 5,048 | Credit analysis at portfolio level is monitored using metrics such as economic capital, regulatory capital, exposure at default (EAD), probability of default (PD) and loss given default (LGD). To ensure efficient use of ING Bank’s capital, the risk appetite is monitored and managed at portfolio level by risk and finance together. Credit analysis at transactional level focuses on the risk amount, tenor, structure of the facility and profile of the borrower. ING Bank’s credit risk managers make use of publicly available information, information provided by the counterparty, peer group comparisons, industry comparisons and quantitative techniques. | 95 | annual_report |
NatwestGroupPLC-AR_2014 | 3,939 | ‘reception committee’ for reviewing externally mandated changes that may affect RBS and recommending appropriate responses, including the timely mobilisation of change implementation activities. In doing so, it agrees business or function owners of individual risks; and commissions and reviews impact assessments from customer businesses and functions. | 46 | annual_report |
3912 | 1,576 | expected claim payment is calculated based on the correlation between the default probability of the transaction and our default probability. The default probability of Radian is determined from the observed Radian Group credit default swap spread, and the default probability of the transaction is determined as described above under “Defining the Equivalent-Risk Tranche.” The present value of Radian’s expected claim payments is discounted using a risk free interest rate, as the expected claim payments have already been risk-adjusted. | 78 | 10K |
3958 | 1,284 | Medicaid premiums for our West Operations increased by $61.1 million, or 7%, for the year ended December 31, 2008 as compared to the same period in 2007. These increases were primarily attributable to an increase in our Medi-Cal membership. | 39 | 10K |
DirectLineInsuranceGroupPLC-AR_2016 | 2,701 | The measurement and management of liquidity risk within the Group is undertaken within the limits and other policy parameters of the Group’s liquidity risk appetite and is detailed within the liquidity risk minimum standard. As part of this process the Investment and Treasury team are required to put in place a liquidity plan which must consider expected and stressed scenarios for cash in-flows and out-flows that is reviewed at least annually by the Investment risk forum. Compliance is monitored in respect of both the minimum standard and the regulatory requirements of the PRA. | 93 | annual_report |
5571 | 2,825 | We enter into the following additional commitments in the normal course of business for the purpose of enhancing the total return on our investment portfolio: mortgage loan commitments and commitments to fund partnerships, bank credit facilities, bridge loans and private corporate bond investments. See “Net Investment Income” and “Net Investment Gains (Losses)” in Note 8 of the Notes to the Consolidated Financial Statements for information on the investment income, investment expense, and gains and losses from such investments. See also “- Investments - Fixed Maturity Securities AFS and Equity Securities” and “- Investments - Mortgage Loans” for information on our investments in fixed maturity securities AFS and mortgage loans. See “- Investments - Real Estate and Real Estate Joint Ventures” and “- Investments - Other Limited Partnership Interests” for information on our partnership investments. | 134 | 10K |
3549 | 2,082 | The net funded status of the Company’s pension and other postretirement liabilities included within other liabilities has been excluded from the amounts presented in the table above. Rather, the amounts presented represent the discretionary contributions of $150 million to be made by the Company to the pension plan in 2008 and the discretionary contributions of $116 million, based on the next year’s expected gross benefit payments to participants, to be made by the Company to the postretirement benefit plans during 2008. Virtually all contributions to the pension and postretirement benefit plans are made by the insurance subsidiaries of the Holding Company with little impact on the Holding Company’s cash flows. | 110 | 10K |
SwissReAG-AR_2020 | 5,900 | Biodiversity and Ecosystem Services (BES) underpin our daily lives and many of our products and services, from water and food to countless other resources. An estimated 55% of global GDP is moderately or highly dependent on BES at present, yet a study by Swiss Re Institute reveals that a staggering one-fifth of countries globally already exhibit weakened land ecosystem services on more than one-third of their territory. | 67 | annual_report |
RaiffeisenBankInternationalAG-AR_2007 | 1,037 | A new consolidation platform was estab lished for the risk reporting as a means of ensuring a more effective evaluation of the entire Group. It forms the basis for consolidated risk management both for the entire retail customer segment and for individual products of that segment. | 46 | annual_report |
5513 | 1,575 | Additional income tax (provision) related to the rate decrease included in the Tax Act | 14 | 10K |
NatwestGroupPLC-AR_2013 | 5,946 | Memorandum and Articles of Association The company's Memorandum and Articles of Association as in effect at the date of this annual report are registered with the Registrar of Companies of Scotland. The Articles of Association were last amended on 30 May 2012. Copies can be obtained from Companies House in the UK or from the Group’s website (rbs.com). | 58 | annual_report |
5644 | 1,870 | Bornhuetter-Ferguson (“BF”) method: The BF method uses as a starting point an assumed IELR and blends in the loss ratio, which is implied by the claims experience to date using benchmark loss development patterns on paid claims data (“Paid BF”) or reported claims data (“Reported BF”). Although the method tends to provide less volatile indications at early stages of development and reflects changes in the external environment, it can be slow to react to emerging loss development and can, if the IELR proves to be inaccurate, produce loss estimates which take longer to converge with the final settlement value of loss. | 101 | 10K |
2417 | 1,237 | The information included herein contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the results of operations and businesses of Nationwide Financial Services, Inc. and its subsidiaries (NFS, or collectively, the Company). These forward-looking statements involve certain risks and uncertainties. Factors that may cause actual results to differ materially from those contemplated or projected, forecast, estimated or budgeted in such forward-looking statements include, among others, the following possibilities: | 78 | 10K |
PhoenixGroupHoldingsPLC-AR_2020 | 4,121 | • negligence, mal-practice or failure of employees, or suppliers to follow good practice in delivering operational processes and practices. | 19 | annual_report |
fr_axa-AR_2017 | 60 | Finally, last December, the Board of Directors decided to propose the renewal of my and Thomas Burberl’s directorships at the next Shareholders’ Meeting, to be held on April 25, 2018, and also announced that it would reappoint Mr. Thomas Buberl as Chief | 42 | annual_report |
AegonNV-AR_2000 | 755 | USD 92 million from July 21 to December 31, 1999). The earnings decline is primarily due to strategic divestitures, higher interest cost and increased credit losses, which were partially offset by an increase in income from the lending business. | 39 | annual_report |
Sampoplc-AR_2014 | 3,372 | 3) Group pension agreement with a retirement age of 60 and a pension benefit of 60 per cent of the pensionable TyEL-salary. The supplementary cost pertains to a yearly index adjustement. | 31 | annual_report |
2613 | 1,110 | Our ability to repay debt depends in part on dividends and cash transfers from our subsidiaries. | 16 | 10K |
4290 | 1,779 | OneBeacon also incurred A&E losses via its participation in industry pools and associations. The most significant of these pools was Excess Casualty Reinsurance Association (“ECRA”), which provided excess liability reinsurance to U.S. insurers from 1950 until the early 1980s. ECRA incurred significant liabilities for A&E, of which OneBeacon bears approximately a 4.7% share, or $32 million and $36 million at December 31, 2010 and 2009, respectively, which is fully reflected in OneBeacon’s loss and LAE reserves. | 76 | 10K |
4402 | 620 | The equity securities reported as “purchases” primarily relate to our acquisition of Mercer Insurance Group. We purchased securities in the Federal Home Loan Bank of Des Moines, as a requirement to obtain membership and secure a loan used as part of the acquisition financing. These securities were classified as Level 3 because we had no observable market price at December 31, 2011. The reported “disposals” relate to the receipt of principal on calls or sinking fund bonds, in accordance with the indentures. | 82 | 10K |
3535 | 486 | utilizing generally accepted actuarial methods that incorporate cumulative historical claims experience and information provided by in-house claims and operations personnel. Current economic and business trends are also reviewed and used in the reserve analysis. These include real estate and mortgage markets conditions, including among others, changes in residential and commercial real estate values, and changes in the levels of defaults and foreclosures that may affect claims levels and patterns of emergence, as well as any company-specific factors that may be relevant to past and future claims experience. Results from the analysis include, but are not limited to, a range of IBNR reserve estimates and a single point estimate for IBNR as of the balance sheet date. | 116 | 10K |
HiscoxLtd-AR_2010 | 1,255 | Intragroup balances, transactions and any unrealised gains arising from intragroup transactions are eliminated in preparing the consolidated financial statements. | 19 | annual_report |
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