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5675
700
The table below reflects the impact of the LPT on Losses and LAE, which are recorded as a reduction to Losses and LAE incurred on our Consolidated Statements of Comprehensive Income.
31
10K
2819
1,420
Section C shows the annual reestimation of those reserves, and after 10 years our revised reserves were $1,911.1.
18
10K
5370
1,364
Our retroactive reinsurance claim liabilities include estimated liabilities for environmental, asbestos and other latent injury exposures of approximately $14.0 billion at December 31, 2017 and $13.7 billion at December 31, 2016. Retroactive reinsurance contracts are generally subject to aggregate policy limits and thu...
126
10K
NatixisSA-AR_2014
10,185
The risk of loss from the inability of clients, issuers or other counterparties to honor their fi nancial commitments. Credit risk includes counterparty risk related to market transactions and securitization.
30
annual_report
StandardLifeAberdeenPLC-AR_2012
775
Governance This report discusses the remuneration arrangements for directors and other senior employees, including those identified as Code staff as defined by the Financial Services Authority remuneration code (FSA Code); it has been prepared in compliance with the Companies Act 2006 and related regulations (the Regul...
67
annual_report
5061
1,848
The following table summarizes the movements in the non-redeemable non-controlling interests balance from the acquisition date, July 31, 2015, to December 31, 2015:
23
10K
StandardLifeAberdeenPLC-AR_2017
1,992
 Adjustments have been made to update the profit measure to total adjusted profit before tax (including both third party and mature business) in the 2016 and 2017 LTIP measures and to reflect the enlarged Company in the targets which relate to the 2018 performance year onwards.
47
annual_report
SwissReAG-AR_2020
4,412
21 Variable interest entities The Group enters into arrangements with variable interest entities (VIEs) in the normal course of business. The involvement ranges from being a passive investor to designing, structuring and managing the VIEs. The variable interests held by the Group arise primarily as a result of the Grou...
84
annual_report
1679
575
The capital infusion from the issuance of the Preferred Shares will enable us to increase underwriting capacity and therefore maximize participation in the new market environment. The closing of the Preferred Stock Investment is subject to customary closing conditions, including regulatory approval. The Company's share...
95
10K
1095
345
We have audited the accompanying consolidated balance sheets of The Seibels Bruce Group, Inc. (a South Carolina corporation) (the Parent Company) and subsidiaries (collectively the "Company"), as of December 31, 1998 and 1997, and the related consolidated statements of operations, changes in shareholders' equity and ca...
93
10K
HelvetiaHoldingAG-AR_2003
432
Exchange Act in particular) and also from internal rules and regulations. The functions and duties assigned by the Board of Directors are described in the chart on page 15. The Board of Directors appoints the
35
annual_report
4448
748
On September 30, 2010, ING USA purchased the remaining 30% interest in PFP Holdings LP (“PFP”), an affiliate, from ING Clarion, an affiliate, for $11.0. The Company previously held a 70% equity interest in PFP. Immediately upon acquisition, PFP was dissolved as ING USA owned 100% of the limited partnership. This acquis...
83
10K
2512
724
Realized losses include both write-downs of securities with other-than-temporary impairments and losses from the sales of securities. During 2004, we wrote down six securities by a total of approximately $480,000. Further details on the significant write-downs in 2004 are as follows:
41
10K
SwissReAG-AR_2019
6,622
WEF Alliance of CEO Climate Leaders The Alliance of CEO Climate Leaders is a global network of chief executive officers who see the business benefits of bold and proactive action to ensure a smooth transition to a low-carbon and climateresilient economy. www.weforum.org/projects/alliance-ofceo -climate-leaders
43
annual_report
HannoverRueckSE-AR_2007
664
Quality is further assured – especially at the level of the subsidiaries – by the actuarial reports and documentation required by local regulators. A key tool of our valuebased management and risk management in the area of life and health reinsurance is the European Embedded Value (EEV). This refers to the present valu...
75
annual_report
20
658
Earnings per share:* Income from operations $ .21 $ .14 $ .02 $ .33 Income from accounting changes .............. .26 - - - ----------- ----------- ----------- ----------- Net income .......... $ .47 $ .14 $ .02 $ .33 =========== =========== =========== ===========
42
10K
2665
5,552
We closely monitor and manage our liquidity through long- and short-term planning that is integrated between the corporation, the business segments and investments. Allstate Financial manages the duration of assets and related liabilities through ALM, using a dynamic process that addresses liquidity utilizing the inves...
177
10K
NatixisSA-AR_2017
1,593
– Role and powersB Natixis’ Risk Committee has internal rules specifying its powers and its operating procedures, the latest version of which was approved by the Board of Directors on November 7, 2017.
33
annual_report
5563
800
Net change in unrealized loss on private company investments was an unrealized loss of $1.6 million in 2018 compared to $0.8 million in 2017. The increased loss in 2018 reflects a net increase in impairments and negative fair value adjustments on private company investments during the year ended December 31, 2018 compa...
59
10K
2924
639
In the first quarter of 2004, the Company restructured its individual income protection - closed block business wherein three of its insurance subsidiaries entered into reinsurance agreements to reinsure approximately 66.7 percent of potential future losses that occur above a specified retention limit. The individual i...
224
10K
3781
1,489
c) Pricing models, the inputs for which are observable for substantially the full term of the asset or liability; and
20
10K
SwissLifeHoldingAG-AR_2004
432
Swiss Life Group . Review of Operations 2004 . Corporate Governance at the University of Berne. Between 1984 and 1992, she practised business and media law in Zurich, Geneva and Washington DC. From 1992 to 1995 she served as Secretary General at SIG Swiss Industrial Company. Ms Tschudi then became a member of the Execu...
97
annual_report
4967
814
The consolidated financial statements also include the operations and financial position of 518 Property Management and Leasing, LLC (“518 PML”), an Ohio limited liability company whose only members are State Auto P&C and Stateco. Farmers Casualty Insurance Company ("Farmers"), a former wholly owned subsidiary of State...
63
10K
2801
1,029
Net income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock and common stock equivalents outstanding during the periods presented. Options granted in accordance with the stock option plan were anti-dilutive for the years ended December 31, 2004 and were...
58
10K
gb_prudential-AR_2013
1,192
Skills and experience Ann began her career in 1976 with Sun Life of Canada, joining Mercantile & General Reinsurance Group in 1981, where she held a number of management roles rising to Senior Vice President and Controller for life and health and property/casualty businesses in North America in 1995. In 1996, Swiss Re ...
141
annual_report
de_allianz-AR_2008
3,060
Purchase price Allianz Sigorta AŞ (47.1 %) 248 Purchase price Allianz Hayat ve Emeklilik AŞ (51.0 %) 125 Transaction costs — Total purchase price 373
25
annual_report
GjensidigeForsikringASA-AR_2020
3,286
Impairment losses are reversed if the reversal can be related objectively to an event occurring after the impairment loss was recognised. The reversal shall not result in the carrying amount of the financial asset exceeding the amount of the amortised
40
annual_report
1834
1,071
Short-term investments and cash at December 31, 2001 were significantly higher than at December 31, 2000 due primarily to proceeds received from the sale of SAFECO Credit in August 2001. The cash received was invested in primarily short-term commercial paper and will be re-invested long term as the commercial paper mat...
57
10K
fr_axa-AR_2019
9,030
Financial Instruments. The published eff ective date of IFRS 9 was January 1, 2018. However, given the interaction between financial assets and insurance liabilities, the IASB issued amendments to IFRS 4 allowing, under certain criteria, entities issuing insurance contracts within the scope of IFRS 4 to defer the imple...
93
annual_report
5912
1,271
Lloyd's Syndicates Segment. Initial reserves for Syndicate 1729 and Syndicate 6131 are primarily recorded using the loss assumptions by risk category incorporated into each Syndicate's business plan submitted to Lloyd's with consideration given to loss experience incurred to date (5% of our consolidated gross reserve f...
212
10K
3947
1,171
Commercial property is our second largest business line. Net written premiums for 2009 increased slightly, largely due to more reinsurance ceded premium in 2008, including $4 million to reinstate coverage for our catastrophe reinsurance treaty. The overall declining trend in premium since 2007 also reflected pricing de...
47
10K
5504
1,045
The higher benefits expense associated with future policy benefits payable during 2016 primarily relates to reserve strengthening for our closed block of long-term care insurance policies acquired in connection with the 2007 KMG acquisition as more fully described below and in Note 18 to the consolidated financial stat...
121
10K
1685
275
Merrill Lynch Life's total sales decreased 24% during 2001, as compared to a 25% increase during 2000. During 2001, variable annuity sales decreased $320.0 million (or 23%) as compared to 2000, but continued to dominate overall sales by comprising 90%, 89%, and 86% of total direct premiums for 2001, 2000, and 1999, res...
84
10K
2602
888
We have reflected the requirements of SFAS 131 for the years ended December 31, 2004, 2003 and 2002 in the following tables for our three operating segments: agency segment, insurance segment, and corporate segment.
34
10K
3334
1,201
Reports of BDO Seidman, LLP, Independent Registered Public Accounting Firm, dated March 17, 2008.
14
10K
1365
231
Income tax expense as a percentage of pretax income decreased from 32.4 percent in 1997 to 26.1 percent in 1998, in large part due to the relative increase of tax exempt interest income as a percentage of pretax income.
39
10K
4667
1,180
The net loss reserves represent the Company’s best estimate of future losses and loss expense amounts based on the information available at December 31, 2012. Loss reserves rely upon estimates involving actuarial and statistical projections at a given time that reflect the Company’s expectations of the costs of the ult...
152
10K
PhoenixGroupHoldingsPLC-AR_2013
597
In February 2013, following a successful equity raising of £250 million, the Group made a £450 million voluntary repayment against the Impala facility and entered into an agreement with the lenders to extend the repayment terms to 2019 (the facility was previously scheduled to mature in the period from 2014 to 2016).
52
annual_report
PowszechnyZakladUbezpieczenSA-AR_2012
419
Armatura Kraków SA is the parent of the Armatura Capital Group and since 2007 has been quoted with Warsaw
19
annual_report
gb_prudential-AR_2016
4,573
Net gain from fair value adjustments 273 537 Net foreign exchange differences 97 21 Transfers (to) from held for sale assets (41) 5
23
annual_report
5012
1,050
For debt securities, if the Company intends either to sell or determines that it will be more likely than not be required to sell a security before recovery of the entire amortized cost basis or maturity of the security, the Company recognizes the entire impairment in investment and other income. If the Company does no...
87
10K
ASRNederlandNV-AR_2008
888
The development of new, sophisticated products in the market is resulting in the development of mathematical models to price them. These models depend in turn upon assumptions regarding the stochastic behaviour of underlying variables, numerical algorithms and other possible approximations needed to replicate the compl...
50
annual_report
3446
1,612
In 2007, other (loss) income decreased by $34.0 million to a loss of $37.9 million. The decrease in other (loss) income is primarily a result of a $35.5 million loss related to assumed and ceded reinsurance contracts accounted for as derivatives and deposits under GAAP (2006 - loss of $6.8 million, 2005 - income of $0....
146
10K
gb_prudential-AR_2006
4,777
Investment contracts without discretionary participation features 1,562 2.0 – 8.2 1,502 2.0 – 8.2
14
annual_report
AvivaPLC-AR_2016
410
To disrupt insurance, we must transform our culture. with the right culture, Aviva will be agile, innovative and visionary. we will delight and serve our customers brilliantly.
27
annual_report
BaloiseHoldingLtd-AR_2017
1,218
OTHER DISCLOSURES ................................................ 250 39. acquisition and disposal of companies .................... 250 40. Related party transactions ........................................ 252 41. Remuneration paid to the Board of Directors and the corporate executive committee .......................
79
annual_report
4815
2,292
As with other fixed income investments, the value of our fixed maturity investments will fluctuate with changes in the interest rate environment and when changes occur in the overall investment market and in overall economic conditions. Additionally, our differing asset classes expose us to other risks which could caus...
64
10K
AdmiralGroupPLC-AR_2012
1,067
Within the UK Car Insurance segment, transactions between the Group’s intermediary and the Group’s insurance companies relating to vehicle commission totalling £7.0m have not been eliminated (from the insurance expenses and other revenue lines in the income statement) in order to ensure consistency between the financia...
64
annual_report
StandardLifeAberdeenPLC-AR_2011
1,516
The lapse experience loss of £37m in the UK includes a negative variance within our pensions business of £29m. This was mainly due to transfers within our pension business. UK lapse experience variance also includes a £10m adverse variance within mutual funds and a £2m loss on institutional pensions mainly arising from...
84
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2016
630
In direct industrial business, which we operate in our Corporate Insurance Partner unit, we responded to the currently difficult market environment by deliberately reducing our portfolio and expanding our range of innovative products. Premium income fell to €529m (633m).
39
annual_report
5504
1,251
In May 2014, the FASB issued new guidance that amends the accounting for revenue recognition. The amendments are intended to provide a more robust framework for addressing revenue issues, improve comparability of revenue recognition practices, and improve disclosure requirements. Insurance contracts are not included in...
146
10K
4501
684
Net Realized Gains (Losses). We realize gains when invested assets are sold for an amount greater than the amortized cost in the case of fixed maturity securities and cost basis for equity securities. We recognize realized losses for invested assets sold for an amount less than their carrying cost or when fixed maturit...
68
10K
StandardLifeAberdeenPLC-AR_2019
3,007
Cash outflows Derivative financial assets (386) (73) (633) – – – (1,092)
12
annual_report
CNPAssurancesSA-AR_2005
1,662
Our environmental indicators are presented below (information disclosed in accordance with article 116 of the “NRE” corporate governance act): Environmental indicators
21
annual_report
de_allianz-AR_2014
3,071
Guarantees The guarantees issued by the Allianz Group consist of financial guarantees, indemnification contracts and performance contracts.
17
annual_report
2594
719
A summary of segment earnings from continuing operations for the years ended December 31, 2004, 2003, and 2002 is provided below. The segment earnings exclude realized gains and losses on investments, net of taxes.
34
10K
LloydsBankingGroupPLC-AR_2014
6,458
SENSITIVITY OF LEVEL 3 VALUATIONS Effect of reasonably possible alternative assumptions
11
annual_report
2251
1,214
On September 28, 2003, the Company entered into a definitive merger agreement with Manulife Financial Corporation (Manulife) which is expected to close early in the second quarter of 2004. In accordance with the agreement, each share of JHFS common stock will, at the time of the merger, be converted into the right to r...
199
10K
5307
1,102
11, 2016, with an interest rate of 0.55% and a $5.0 million advance on December 30, 2015, due January 6, 2016, with an interest rate of 0.46%.
27
10K
2281
2,713
An evaluation is made for other-than-temporary impairment for preferred and common stock and other investments with continuous material unrealized losses for two consecutive quarters due to market conditions or industry-related events. An other-than-temporary impairment loss is recognized based upon each investment's f...
63
10K
fr_axa-AR_2000
514
AXA traces its origins to several French regional mutual insurance companies. In 1982, Les Mutuelles
15
annual_report
gb_prudential-AR_2015
1,210
Wellbeing and protection We help to provide the resources that are essential to secure a healthy, thriving future for our customers, our people and our communities. We work with local communities to develop strong, sustainable projects that meet local needs. For example, Jackson employees are actively engaged in our co...
65
annual_report
RSAInsuranceGroupPLC-AR_2007
273
The quality of our portfolio and the benefit of these management actions are clearly demonstrated in the strength of our investment result. The 2007 investment result is up 13% to £629m, and reflects increased investment income as well as a 45% increase in total gains. The increase in total gains has driven the investm...
68
annual_report
AvivaPLC-AR_2009
1,411
Directors The following persons served as directors of the Company during the year: Nikesh Arora (resigned 5 August 2009) Wim Dik (retired 29 April 2009) Mary Francis Richard Karl Goeltz Euleen Goh (appointed 1 January 2009) Mark Hodges Andrea Moneta (appointed 29 September 2009) Andrew Moss Carole Piwnica Philip Scott...
70
annual_report
CNPAssurancesSA-AR_2013
392
The record high Solvency I risk coverage ratio* reported by CNP Assurances. At 31 December 2013, the estimated ratio under Solvency II was 185%, reflecting a further strong 15-point increase over the year.
33
annual_report
5920
603
(1) This includes amounts relating to both fixed income securities and other investments. We have historically accounted for our fixed income securities as a trading portfolio, whereby unrealized amounts are reflected in earnings. However, from October 1, 2019 we have elected to use AFS accounting and, as trading fixed...
117
10K
4770
1,378
A reconciliation of segment pretax (loss) income to consolidated net (loss) income is as follows:
15
10K
5656
394
Immediately above UPCIC’s net retention, we have reinsurance coverage from third-party reinsurers for up to four separate catastrophic events for all states. Specifically, we have purchased reinsurance coverage for the first and third catastrophic events, and each such coverage allows for one reinstatement upon the pay...
68
10K
gb_prudential-AR_2015
5,979
EEV shareholders’ equity, excluding non-controlling interests 32.4 29.2 24.9 22.4 19.6 Insurance Groups Directive capital surplus before final dividend note 4 5.5 4.7 5.1 5.1 4.0
26
annual_report
AegonNV-AR_2005
1,723
Investments for account of policyholders 47,448 19,782 59,379 974 — (36) 127,547
12
annual_report
HannoverRueckSE-AR_2002
84
We use a system of management ratios to steer and document the sustained growth in our company's value creation. Our strategic objective is to increase the operating profit (EBIT) and the earnings per share by a double-digit percentage margin each year. Only in the exceptional 2001 year were we unable to achieve this g...
119
annual_report
5108
1,136
Our investment strategy is to take a long-term view by actively managing our investment portfolio to maximize total return within certain guidelines and constraints. In assessing returns under this approach, we include net investment income, net realized investment gains and losses and the change in unrealized gains an...
72
10K
4348
1,577
Substantially all of the favorable development recognized during 2010 and 2009 relates to MPL claims-made reserves. The favorable development for medical professional claims-made policies in both years is based upon observation of actual claims data that indicates that claims severity (i.e., the expected average cost o...
148
10K
1358
276
At December 31, 1999, common stockholders' equity was $502.0 million, or $15.94 per share, compared to $580.6 million, or $17.75 per share at December 31, 1998. Included in stockholders' equity per common share is ($1.52) at December 31, 1999 and $1.61 at December 31, 1998 attributable to unrealized investment gains (l...
110
10K
fr_axa-AR_2001
5,089
totaled €1,578 million and €5,524 million, respectively. Such accumulated net unrealized investment holdings gains were: • net of deferred taxes of €909 million and €3,454 million, respectively; and
28
annual_report
252
78
Total benefits and expenses were $23,858,000 for 1995, which constituted 91% of the Company's total revenues, as compared to $15,326,000, or 92% of the Company's total revenues for 1994.
29
10K
3938
794
On March 31, 2009, we entered into Amendment No. 3 and Waiver Agreement (“Amendment No. 3”) with the lenders under the Credit Agreement, whereby we agreed to collateralize the remaining letters of credit in an amount equal to 105% of the total letter of credit exposure as of such date, plus any accrued and unpaid inter...
241
10K
nl_ing_grp-AR_2016
6,120
Issued share capital as at 31 December 2015 3,870,183 928 Issue of shares 8,301 2
15
annual_report
5857
499
The following table sets forth our operating results and related percentage of total revenues for the years ended June 30:
20
10K
4523
1,254
We anticipate that refining technical pricing account management tools and marketing analytics will further enhance our risk selection process. We believe that accident year loss ratios will continue to improve due to these actions.
34
10K
NatwestGroupPLC-AR_2012
6,374
The Group monitors the geographical breakdown of these exposures based on the country of domicile of the borrower or guarantor of ultimate risk. Cross border exposures exclude exposures to local residents in local currencies.
34
annual_report
BaloiseHoldingLtd-AR_2006
1,151
How does the Baloise manage risks?VORABDRUCK How does the Baloise manage risks?
12
annual_report
220
691
The Company maintains a Dividend Reinvestment and Common Stock Purchase Plan which provides stockholders with the option of reinvesting cash dividends in additional shares of the Company's common stock. Participants may also purchase additional shares of common stock without incurring broker commissions by making optio...
101
10K
5087
1,491
Notwithstanding historical trends, the insurance we wrote from 2005 through 2008 experienced default and claim activity sooner and to a significantly greater extent than was the case historically for our books of business. The following tables show cumulative direct claims paid by us on our primary insured book of busi...
109
10K
de_allianz-AR_2003
2,983
Group in Munich Re’s share capital was above 20 %. The ownership interest was reduced in the course of the first quarter 2003 to below 20 %. As a result, Munich Re was as of that time no longer an associated company of the Allianz Group. During the course of fiscal 2003
52
annual_report
5791
742
In 2019, premiums earned increased $17.5 million over the comparable period of 2018. The increase in earned premiums is primarily due to: (i) a $24.0 million increase from the Group disability, life, DBL and PFL segment as a result of $13.2 million in increased DBL and PFL premiums primarily due to an increase in rates...
173
10K
1827
180
We have audited the accompanying consolidated balance sheets of The Travelers Insurance Company and subsidiaries as of December 31, 2001 and 2000, and the related statements of income, changes in retained earnings and accumulated other changes in equity from nonowner sources, and cash flows for each of the years in the...
84
10K
4933
707
We are also a party to other operating leases with total payments of approximately $0.3 million per year. Generally, these leases are renewable annually with similar terms. Although our current intention is to renew these leases, we are not obligated to do so.
43
10K
de_allianz-AR_2019
5,220
German professional responsibilities in accordance with these requirements. In addition, in accordance with Article 10 (2) point (f) of the EU
21
annual_report
AvivaPLC-AR_2018
3,247
Strategic report Governance IFRS financial statements Other information 43 – Insurance liabilities methodology and assumptions continued Future regular bonuses Annual bonus assumptions for 2019 have been set consistently with the year-end 2018 declaration. Future annual bonus rates reflect the principles and practices ...
78
annual_report
NatixisSA-AR_2011
1,763
Executive Offi cer of Natixis Financement (formerly Caisse d’Epargne Financement) 2005 – member of Natixis’ Executive
16
annual_report
5162
549
(1) Effective January 1, 2015, we adopted an accounting standards update for tax credit partnership investments in qualified affordable housing projects and applied the amendments retrospectively, adjusting all prior periods presented. See Note 1 of the "Notes to Consolidated Financial Statements" contained herein in I...
49
10K
5776
432
Our assets other than invested assets as of December 31, 2019 and 2018 are summarized as follows:
17
10K
LloydsBankingGroupPLC-AR_2018
1,532
Aside from the balance sheet impacts of such events, operational resilience has become ever more important as the processes and systems by which banks provide their services become ever more technologically reliant and dependent upon continued smooth running of services provided in-house and through expert third partie...
88
annual_report
4568
1,111
policyholders for whom claims have not been filed and of which we were unaware.
14
10K
ScorSE-AR_2014
3,221
 The issuance of shares relating to the exercise of options until 31 December 2014 for a total of EUR 11.7 million were allocated to the share capital of the Company for EUR 5.6 million and to additional paidin capital for EUR 6.1 million. The exercise of options resulted in the creation of 711,022 shares.
55
annual_report
4057
3,626
identify individual securities that have incurred an other than temporary decline in fair value below cost or amortized cost. As part of its periodic review process, management utilizes information received from its outside professional asset manager to assess each issuer’s current credit situation. This review encompa...
169
10K
5401
712
Contractual obligations. Our material contractual obligations at December 31, 2017 were:
11
10K
2297
1,282
The Company had no short-term debt as of December 31, 2003. At December 31, 2002, short-term debt consisted of $20.0 million for the current portion of the Company’s medium-term notes, with a weighted average interest rate of 5.96 percent during 2002, and $235.0 million of reverse repurchase agreements, with a weighted...
59
10K
ScorSE-AR_2020
4,162
In the civil proceedings before the Commercial Court of Paris (“Tribunal de commerce de Paris”) against Thierry Derez, the Commercial Court of Paris ruled on November 10, 2020 that Thierry Derez had violated his legal and fiduciary duties and obligations as a director of SCOR in his personal capacity (regarding loyalty...
191
annual_report