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4124
562
Year-over-year policies in force increased 3.5% to 4,144,004 in 2009, compared to 4,002,209 in 2008.
15
10K
BeazleyPLC-AR_2015
1,696
The group limits exposure to a single counterparty or a group of counterparties and analyses the geographical locations of exposures when assessing credit risk.
24
annual_report
4726
647
Major categories of investment income for the years ended December 31 are summarized as follows:
15
10K
5034
1,164
Overall, our Casualty and Professional businesses were flat. Our Specialty business was down 2%, reflecting continued competitive conditions in the aviation lines. Our EPC businesses were once again most severely impacted, led by reductions in the energy businesses of approximately 10%, and reductions in our internatio...
56
10K
5852
339
Sub-advisory and sub-administrative expenses associated with these services are calculated and recorded as the related services are performed in other operating costs and expense in the consolidated statements of income (loss) as the Company is acting in a principal capacity in these transactions and, as such, reflects...
55
10K
AvivaPLC-AR_2016
286
Our strategic framework focuses on the things that really matter and puts the customer at the heart of everything we do. It provides clear direction across all our markets for how we run our business
35
annual_report
4393
788
Our obligations under the Credit Facility are secured by a lien on substantially all of our assets, with the exception of certain of our real estate assets, and by a pledge of the capital stock or membership interests of our operating subsidiaries and health plans (with the exception of the California health plan).
53
10K
fr_axa-AR_2007
2,892
Note that MBIA reinsures 100% of all credit insurance risks (excluding cumulative losses between $0 and $13 million (ca 0.12%) and between $110 and $200 million (ca 1.05% and 1.9%) reinsured to other third party reinsurers) on a diversified portfolio of wrapped US municipal bonds underwritten by AXA RE (prior to its ru...
72
annual_report
LloydsBankingGroupPLC-AR_2003
649
This is the risk of loss from poor corporate governance at Lloyds TSB Group and business level. It includes sub-optimal organisational structuring, or failure to recruit, manage and retain appropriately skilled staff to achieve business objectives. Lloyds TSB Group policy for managing governance, people and organisatio...
102
annual_report
DirectLineInsuranceGroupPLC-AR_2015
632
The movement in net cash generated from investing activities in 2015 of £190.8 million from £216.0 million used in 2014 primarily represented the sale of discontinued operations.
27
annual_report
AvivaPLC-AR_2019
5,280
• By email: Citibank@shareholders-online.com • In writing: Citibank Shareholder Services, PO Box 43077,
13
annual_report
StandardLifeAberdeenPLC-AR_2006
798
(a) Primary reporting format – Business segments (continued) (ii) Segmental balance sheet (continued)
13
annual_report
4822
782
In July 2013, the Federal Reserve Board, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation approved publication of the Basel III Rules governing almost all U.S. banking organizations regardless of size or business model. The Basel III Rules revise and enhance the Federal bankin...
75
10K
INGGroepNV-AR_2008
2,743
Equity Price Risk in Banking Books Equity price risk arises from the possibility that equity security prices will fluctuate, affecting the value of equity securities and other instruments whose price reacts similarly to a particular security, a defined basket of securities, or a securities index. ING Bank maintains a s...
196
annual_report
HiscoxLtd-AR_2009
680
Improvements to IFRSs Improvements to IFRSs is an annual process which has been undertaken by the IASB with the view of removing inconsistencies and clarifying wording within the standards. In May 2008, the IASB issued the first in the series of these amendments with separate transitional arrangements for each standard...
103
annual_report
de_allianz-AR_2010
565
– The roles and responsibilities of its members – Operating procedures – Principles and boundaries of remuneration
17
annual_report
4802
1,669
The outcome of a litigation or regulatory matter and the amount or range of potential loss is difficult to forecast and estimating potential losses requires significant management judgment. It is not possible to predict the ultimate outcome or to provide reasonably possible losses or ranges of losses for all pending re...
157
10K
5739
8,766
The following table presents the components of GAAP net loss and adjusted EBITDA included in White Mountains’s NSM segment for the year ended December 31, 2019 and the for the period of May 11, 2018 to December 31, 2018:
39
10K
StorebrandASA-AR_2006
1,132
Transfers of pension business (NOK million) 5 260 712 Very good
11
annual_report
fr_axa-AR_2017
619
Profit or loss on financial assets (under fair value option) and derivatives (2) 30
14
annual_report
PosteItalianeSpA-AR_2019
6,338
ECL measurement Expected credit losses (ECL) are determined over a time horizon consistent with the stage level (12 months or lifetime) on the basis of the following factors: � Probability di Default (PD); � Loss Given Default (LGD); � Exposure at Default (EAD); � Time Factor (TF).
47
annual_report
5543
1,158
In July 2017, the FASB issued ASU 2017-11, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480), and Derivatives and Hedging (Topic 815). This update is intended to simplify the accounting for certain equity-linked financial instruments. The standard will take effect for public business en...
99
10K
4599
3,517
For the other commercial mortgage loan securitization entity with total assets of $278 million and $327 million, respectively, as of December 31, 2012 and 2011, our economic interest represents the excess interest of the commercial mortgage loans and the subordinated notes of the securitization entity. The commercial m...
94
10K
StandardLifeAberdeenPLC-AR_2016
1,634
5 Paul Matthews and Colin Clark were appointed as Directors on 1 November 2015 and the figures reported for their long-term incentive awards in both 2015 and 2016 represent the value of the proportion of the award which relates to the period of time in the performance period for which they were executive Directors.
54
annual_report
2315
659
During 2003, the Securities and Exchange Commission made known interpretative guidance concerning SFAS 133. They have concluded that all income and expenses related to a nonhedged derivative must be recorded in the same line item that the adjustment to fair value is recorded. This interpretation also requires prior per...
147
10K
944
1,295
1998 1997 1996 Current taxes (credits): Federal $ 61,501 $ 27,875 $22,450 Foreign 94 - (1,735) State 652 (2,544) 6,369 Deferred taxes: Federal 18,254 96,301 55,250 Foreign 422 (459) 321
30
10K
5459
719
The loss and settlement expense ratio for the reinsurance segment increased to 68.1 percent in 2016 from 64.1 percent in 2015. The loss and settlement expense ratio for 2015 reflected an unusually low amount of reported large losses (losses greater than $100,000) and two large reductions in reported reserves for prior ...
207
10K
SwissReAG-AR_2016
1,263
In 2016, Swiss Re was again recognised as “insurance industry sector leader” in the Dow Jones Sustainability Indices. This is the tenth time since 2004 that Swiss Re has led the insurance sector in these rankings. The award highlights Swiss Re’s long-term commitment to sustainable business and our efforts to further em...
59
annual_report
AssicurazioniGeneraliSpA-AR_2014
3,128
The Group’s exposure in derivatives is mainly associated with hedging operations on financial assets and liabilities and it is in line with strategies aiming at mitigating financial and credit risks. The total exposure amounts to € -452 million for a corresponding notional amount of € 40,797 million. The notional expos...
121
annual_report
SwissReAG-AR_2014
3,539
and further constrain access to liquidity. Finally, any adverse ratings action could trigger a need for further liquidity (for example, by triggering termination provisions or collateral delivery requirements in contracts to which the Group is a party) at a time when the Group’s ability to obtain liquidity from externa...
56
annual_report
PosteItalianeSpA-AR_2018
3,885
�� Receivables arising from electoral subsidies refer to compensation for previous years, for which provision has been made in the state budget. In 2018, after agreement was reached with the MEF regarding the release of the funds, a total of €55 million was made available, having been deposited by the MEF in a non-inte...
75
annual_report
3700
2,611
Effective May 9, 2007, Larry A. Frakes was hired as the Company’s President and Chief Operating Officer, as well as Chief Executive Officer of all of the Company Affiliates. Mr. Frakes’ four-year employment agreement includes several equity components including (a) the granting of $10.0 million of stock options, or 394...
233
10K
de_allianz-AR_2014
2,552
For the calculation of the mCEV the projected future profits are discounted using risk-neutral discount rates, as the risks are already explicitly allowed for in the market-consistent valuation. Timedependent and scenario-dependent discount factors are applied. As a reference rate, the swap yield curve with appropriate...
92
annual_report
4419
2,146
Premiums increased mainly driven by growth of our Medicare supplement insurance business.
12
10K
2188
1,169
In 2001 Corporate-level activities included a $20 million charge offsetting the income earned by Prudential Securities as co-manager in the initial public offering of our Common Stock, which was included in adjusted operating income of our Financial Advisory segment.
39
10K
fr_axa-AR_2013
964
Expenses decreased by €12 million (-1%) to €-2,285 million: ■ acquisition expenses decreased by €+36 million (-2%)
17
annual_report
4028
588
See Note 15 for information regarding the impact of derivatives on the Consolidated Statements of Income.
16
10K
2457
1,602
In January 2003, the Financial Accounting Standards Board (the "FASB") issued Interpretation No. 46, "Consolidation of Variable Interest Entities" ("FIN No. 46"). In December 2003, the FASB issued a revised version of FIN 46 ("FIN 46R"), which incorporated a number of modifications and changes made to the original vers...
200
10K
SwissReCorporateSolutions-AR_2018
314
Maturity of fixed income securities available-for-sale The amortised cost or cost and estimated fair values of investments in fixed income securities available-for-sale by remaining maturity are shown below. Fixed maturity investments are assumed not to be called for redemption prior to the stated maturity date. As of ...
69
annual_report
5388
1,682
In December 2016, the Company distributed to MetLife, Inc. as a non-cash extraordinary dividend all of the issued and outstanding shares of common stock of its wholly-owned subsidiaries, New England Life Insurance Company (“NELICO”) and General American Life Insurance Company (“GALIC”). The net book value of NELICO and...
106
10K
5797
2,092
The Company has engaged Arch Investment Management Ltd. (“AIM”), a Bermuda exempted company and a subsidiary of ACGL, as investment manager of assets in its investment grade portfolio pursuant to various investment management agreements. AIM manages the majority of
39
10K
SwissReAG-AR_1982
60
Auditors Term to expire in Swiss Auditing and Fiduciary Company, Zuricfi 1985
12
annual_report
StorebrandASA-AR_2017
4,241
Derivatives are recognised at fair value over pro�t or loss . Changes in the value of the hedged item that can be attributed to the hedged risk are adjusted in the book value of the hedged item and reconised in the income statement.
43
annual_report
3722
796
Changes in gross unrealized gains (losses) in our fixed maturity securities portfolio from December 31, 2007 through December 31, 2008 were primarily a result of widening spreads during 2008, particularly in mortgage-backed and asset-backed securities attributable to marketplace uncertainty arising from higher defaults...
50
10K
4977
2,724
On behalf of the Company and MetLife, Inc.’s Chief Investment Officer and Chief Financial Officer, a pricing and valuation committee that is independent of the trading and investing functions and comprised of senior management, provides oversight of control systems and valuation policies for securities, mortgage loans ...
147
10K
CNPAssurancesSA-AR_2008
287
Ongoing winning growth strategy in the Pensions, Personal Risk and Loan Insurance segments
13
annual_report
HannoverRueckSE-AR_2012
1,240
Global reinsurance Treaty reinsurance worldwide The premium volume for our portfolio of global treaty reinsurance is expected to remain stable.
20
annual_report
LloydsBankingGroupPLC-AR_2004
257
The chief risk director, a member of the group executive committee, oversees and promotes the development and implementation of a consistent group wide risk management framework and provides objective challenge to the group executive committee. Group Risk supports the chief risk director in performing the role.
46
annual_report
NatwestGroupPLC-AR_2014
2,627
On a non-statutory basis, total income was £18,197 million, down 6%
11
annual_report
AegonNV-AR_2002
1,312
The following is a reconciliation of the nominal tax charge to the actual tax expense: Statutory tax rate 621 1,109 969 Increases (decreases) in taxes resulting from: Dividend income exclusions and credits –181 –286 –109 Depreciation of equipment and real estate –2 –3 –3 Valuation of technical provisions 0 2 0 Other, n...
56
annual_report
ch_zurich_insurance_group-AR_2013
438
Members of the Board of Directors, as of December 31, 2013
11
annual_report
RaiffeisenBankInternationalAG-AR_2011
1,111
Net interest income for the segment fell by 19 per cent year-on-year to € 229 million due in part to the maturity and sale of parts of the high-quality securities portfolio, which consists exclusively of top-rated securities. Net income thereof amounted to € 81 million in the year under review, down from € 97 million i...
152
annual_report
4437
977
Growth in net premiums earned in both 2011 and 2010 was primarily driven by the aforementioned increased motor and trade credit and bond writings.
24
10K
NatixisSA-AR_2009
261
Mr. Philippe Sueur Date of birth: 07.04.1946 Natixis shares held: 1,000
11
annual_report
2665
6,214
The Allstate Protection segment principally sells private passenger auto and homeowner's insurance, with earned premiums accounting for approximately 77% of Allstate's 2004 consolidated revenues. Allstate was the country's second largest insurer for both private passenger auto and homeowners insurance in 2004. Allstate...
111
10K
StorebrandASA-AR_2011
1,965
Net pension cost recognised in profit and loss account in the period 268 225
14
annual_report
HelvetiaHoldingAG-AR_2012
2,581
Männedorf / ZH­Oberland Alte Landstrasse 260, 8708 Männedorf 058 280 81 55 Stefan Bösiger
14
annual_report
4121
4,683
The Property-Liability investment portfolio increased to $34.53 billion at December 31, 2009, from $30.84 billion at December 31, 2008, primarily due to higher valuations for fixed income and equity securities from improved market conditions and operating cash flows.
38
10K
PowszechnyZakladUbezpieczenSA-AR_2015
1,372
Alior Bank and the outstanding amount from the purchase of tranche III of Alior Bank shares.
16
annual_report
de_allianz-AR_2012
2,584
Unearned premiums For short-duration insurance contracts, like most of the property and casualty contracts, premiums to be earned in future years are recorded as unearned premiums according to the insurance accounting provisions of US GAAP. These premiums are earned in subsequent periods in relation to the insurance co...
49
annual_report
2670
2,808
Net unfavorable prior year loss development impacted results by approximately $116 million ($64 million for our reinsurance business and $52 million for excess and surplus lines) in 2002. During 2002, company actuaries conducted reserve reviews to determine the impact of any emerging data on anticipated loss developmen...
68
10K
INGGroepNV-AR_2007
1,913
Gains and losses on the effective portions of derivatives designated under cash fl ow hedge accounting are recorded in Shareholders’ equity. Interest cash fl ows on these derivatives are recognised in the profi t and loss account in interest income consistently with the manner in which the forecast cash fl ows affect n...
75
annual_report
NatwestGroupPLC-AR_2007
4,323
– less than one year 184,791 — — — 184,791 140,742
11
annual_report
524
129
The company recorded no compensation expense relating to stock appreciation rights for the years ended December 31, 1996, 1995 and 1994, respectively. The Restricted Stock Plan authorizes the Board of Directors to make restricted stock awards to employees, officers and directors in such amounts as it shall determine. T...
162
10K
890
261
Income Taxes. The Company's effective tax rate for the year ended December 31, 1997 was 11.8%, compared to 25.2% in 1996. The difference between the Company's effective tax rate and the current federal tax rate is due primarily to a $4.7 million tax benefit recorded as a result of a reduction of the deferred tax valuat...
112
10K
2017
864
Platinum Holdings is a Bermuda reinsurance holding company organized on April 19, 2002. The Company provides property and marine, casualty and finite reinsurance coverages to a diverse clientele of insurers and select reinsurers on a worldwide basis. The Company operates through three licensed reinsurance subsidiaries:...
52
10K
fr_axa-AR_2007
5,173
Impact of rate differences on notional tax charge (118) (68) (117)
11
annual_report
3433
544
•the $78 million gain on the sale of Stewart Smith in 2005, equivalent to 3 percentage points; and
18
10K
471
425
(4) Certain reclassifications have been made to years prior to 1993 to comply with Statement of Financial Accounting Standards No. 113 "Accounting and Reporting for Reinsurance of Short-Duration and Long-Duration Contracts" which the Company implemented in the first quarter of 1993.
41
10K
GjensidigeForsikringASA-AR_2017
628
The Nomination Committee started its preparations for the 2017 election already in autumn 2016. A total of eight meetings were held. In order to arrive at the best possible basis for its assessments, the Nomination Committee had conversations with the Chair of the Board, the board members and the CEO.
50
annual_report
4917
6,532
Our ERRM governance is supported with an analytic framework to manage significant insurance, investment, financial, strategic, and operational risk exposures and optimize returns on risk-adjusted capital. Management and the ERRC use enterprise stochastic modeling, risk expertise and judgment to determine an appropriate...
123
10K
4030
1,401
A 44% increase in sales of income products in 2009 generated higher premiums as customer demand shifted toward fixed income products.
21
10K
gb_lloyds_banking_grp-AR_2010
2,807
Financial crime The risk of reductions in earnings and/or value, through financial or reputational loss, associated with financial crime and failure to comply with related legal and regulatory obligations, these losses may include censure, fines or the cost of litigation.
40
annual_report
RSAInsuranceGroupPLC-AR_2020
2,243
Financial assets are impaired according to either a debt, equity, or loans and receivables impairment model. The appropriate impairment model is determined based on the characteristics of each instrument.
29
annual_report
AegonNV-AR_2011
6
Contents 130 Consolidated financial statements of AEGON N.V. 132 Consolidated income statement 132 Consolidated statement of comprehensive income 133 Consolidated statement of financial position 134 Consolidated statement of changes in equity 135 Consolidated cash flow statement 138 Exchange rates 140 Notes to the cons...
52
annual_report
5064
523
The selected consolidated financial information for the years ended December 31, 2015, 2014, and 2013, and at December 31, 2015, and 2014, has been derived in part from the Company’s audited consolidated financial statements included in Item 8. The selected consolidated income statement data for the years ended Decembe...
82
10K
5861
693
•Recognition of revenue when, or as, we satisfy a performance obligation.
11
10K
AegonNV-AR_2010
588
As a result of AEGON’s focus on core businesses, the funeral insurance business in the Netherlands was sold. A further reduction in expenses and investments in new capabilities will position the company for sustainable growth.
35
annual_report
ScorSE-AR_2017
4,211
Group business standards and practices are governed by Group policies and underlying guidelines established in a common format, by the three divisions (SCOR Global P&C, SCOR Global Life, SCOR Global Investments) and the central functions such as Group Internal Audit and the functions managed by the Group Chief Financia...
168
annual_report
4211
1,087
Commission and brokerage decreased 8.0% to $192.1 million in 2009 as compared to $208.9 million in 2008. The variance was principally the result of lower earned premiums and changes in the mix of business. Segment other underwriting expenses in 2009 increased slightly to $24.6 million compared to $24.2 million in 2008.
51
10K
SwissReCorporateSolutions-AR_2016
781
Risks relating to credit rating downgrades Ratings are an important factor in establishing the competitive position of insurance companies. Third-party rating agencies assess and rate the financial strength insurers such as Swiss Re. These ratings are intended to measure a company’s ability to repay its obligations and...
71
annual_report
NatixisSA-AR_2009
5,583
REICH & TANG ASSET MANAGEMENT, LLC Asset Management FC 100 100 89 89 USA
14
annual_report
4755
961
The following discussion and analysis reflects the consolidated results of the Company and its subsidiaries for the years ended December 31, 2013, 2012 and 2011.
25
10K
ScorSE-AR_2017
5,097
●● The collective agreements are concluded for a positive impact, in particular on the working conditions of employees and on the economic performance of the Company.
26
annual_report
5947
756
(2)Net of any previous Rescission and Claim Denials that were reinstated during the period. Such reinstated Rescissions and Claim Denials may ultimately result in a paid claim.
27
10K
NatwestGroupPLC-AR_2015
6,146
(2014 - £53 million) were deferred and £53 million (2014 - £139 million) were recognised in the income statement.
19
annual_report
4742
1,097
The fair values of derivative assets and liabilities include adjustments for market liquidity, counterparty credit quality, and other deal specific factors, where appropriate. The fair values of derivative assets and liabilities traded in the over-the-counter market are determined using quantitative models that require...
137
10K
NatixisSA-AR_2019
8,625
Flexstone Partners SARL (ex-Euro Private Equity)* (l) Asset Management FC 84 84 100 100 Switzerland
15
annual_report
89
312
Real estate operations resulted in a loss after taxes of $2 million in both 1994 and 1993 and income of $10 million in 1992. Results continue to be adversely affected by progressively higher portions of interest being charged directly to expense rather than being capitalized and by provisions for possible uncollectible...
119
10K
fr_axa-AR_2006
5,465
Key Management and Directors At December 31, 2006, there was one loan outstanding from a banking subsidiary of the Company to a member of AXA’s Management Board. The loan was for an amount of €200,000, bearing interest at a rate of 4.58% annually and had a 10-year term. The loan was made in the ordinary course of busin...
69
annual_report
5376
1,774
(1) Net realized investment gains (losses) on investments related to our SPCs are recognized in the earnings of our Corporate segment and the portion of earnings related to the gain or loss, net of our participation, is distributed back to the cells through our SPC dividend expense (income). To be consistent with our e...
82
10K
1986
394
During the year, liabilities decreased by $784 million from $21.226 billion to $20.442 billion. Separate account liabilities decreased $1.310 billion as a result of net investment losses of $1.388 billion, expense disbursements and other changes of $244 million offset by net sales of $322 million. Current year net sale...
162
10K
AvivaPLC-AR_2020
657
• Market risks result from fluctuations in asset values, including equity prices, property prices, foreign exchange, inflation and interest rates.
20
annual_report
4724
867
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the Company’s internal control over financial reporting as of December 31, 2013, based on criteria established in Internal Control - Integrated Framework (1992) issued by the Committee of Sponsoring ...
75
10K
AssicurazioniGeneraliSpA-AR_2014
2,104
In order to ensure an effective management of risks which could undermine the solvency position of the Group and of the Business Units or the achievement of the Group’s objectives, the Board of Directors11 adopted the “Internal Control and Risk Management System” and the “Risk Management Policy”. In order to guarantee ...
75
annual_report
ASRNederlandNV-AR_2014
911
The significant inputs for retail valuations, are the reversionary yield and the market or reviewed rental value. These inputs are generally verified with the following observable data (that are adjusted to reflect the state and condition, location, development potential etc. of the specific property): • market rent pe...
76
annual_report
5743
904
Under the $250.0 million secured letter of credit facility, Arch Capital’s subsidiaries had $225.4 million of letters of credit outstanding and remaining capacity of $24.6 million at December 31, 2019. In addition, certain of Arch Capital’s subsidiaries had outstanding secured and unsecured letters of credit of $18.1 m...
75
10K
5339
885
Other income was $0.4 million for the period of January 1, 2015 to January 31, 2015, primarily due to fees on variable universal life funds.
25
10K
NatwestGroupPLC-AR_2014
2,452
Group and RBS Capital Resolution (RCR) separately until disposal or wind-down. No business lines were moved to RCR so comparative data has not been restated. Non-Core was dissolved on 31 December 2013.
32
annual_report
1921
598
For the year ended December 31, 2000, time-based options to purchase 17,865,957 of management shares were outstanding. The exercise price of these options was established based on management's estimate of the fair value of these options on the measurement dates. In addition, the Predecessor's shares were not publicly t...
91
10K