report_id
stringlengths
1
60
paragraph_nr
int64
0
28.3k
text
stringlengths
21
14.6k
n_words
int64
11
2.31k
filing_type
stringclasses
2 values
NatixisSA-AR_2016
11,291
Table 13 : (NX17): Secured exposures by rating and by type of guarantor 44
14
annual_report
BeazleyPLC-AR_2018
68
Marine We help insure in excess of 20% of the world’s ocean-going tonnage and are the pre-eminent leader of voyage and tow business in the London market. The energy team work with over 500 oil and gas companies, drilling contractors and service companies globally offering insurance solutions for these complex risks. We...
68
annual_report
AegonNV-AR_2009
1,518
must give six months’ notice if it wishes to terminate the employment of any Executive Board member.
17
annual_report
NatixisSA-AR_2017
4,666
Hedging of variable-rate loans Natixis uses plain vanilla interest rate swaps lending at fixed rates to fix future variable-rate borrowing costs.
21
annual_report
3208
1,797
The ratio of individual annuity DAC amortization increased due to the DAC unlock in 2006. Excluding the DAC unlock, the ratio was 50.8%, slightly higher than 2005 and consistent with 2004.
31
10K
GjensidigeForsikringASA-AR_2013
973
Growth in severity of claims may be driven by the development of consumer price index (CPI), salary increases, social inflation and the price for material and services purchased with claims settlement. In Property insurance the inflation will consist of CPI and an increase in building costs, which in the past has been ...
105
annual_report
RaiffeisenBankInternationalAG-AR_2019
587
The RBI Group Diversity Policy defines a strategy for filling Management Board and Supervisory Board positions whereby hiring must give consideration to both diversity and compliance with statutory requirements. Other important diversity aspects include age, gender and geographic origin. The main requirements for holdi...
95
annual_report
HannoverRueckSE-AR_2018
1,846
Income / expense on funds withheld and contract deposits 7.2 207,987 234,915
12
annual_report
NatwestGroupPLC-AR_2017
405
Learning ‘Determined to lead’ (Dtl), our core leadership programme is now embedded as business as usual. Dtl provides consistent tools to lead and engage our colleagues and is
28
annual_report
4159
1,221
•Synthetic CDOs: In the case of pooled corporate synthetic CDOs, where the Company's credit exposure was typically set at "Super Triple-A" levels at inception, the Company is exposed to credit losses of a synthetic pool of corporate obligors following the exhaustion of a deductible. In these transactions, losses are ty...
167
10K
5592
811
Cash that we do not have the right to use for general purposes is recorded as restricted cash in our consolidated balance sheets. Restricted cash includes consolidated variable interest entity cash restricted to support the obligations of the consolidated VIEs.
40
10K
4471
3,938
Performance Units normally vest in their entirety at the end of the three-year performance period. Vesting is subject to continued service, except for employees who are retirement eligible and in certain other limited circumstances. Vested Performance Units are multiplied by a performance factor of 0.0 to 2.0 based lar...
77
10K
StorebrandASA-AR_2010
1,561
listed financial instruments are valued on the basis of official final prices on bourses obtained via reuters and bloomberg. fund units are generally stated at the updated official naV prices where these exist. as a general rule, bonds are valued on the basis of prices from reuters and bloomberg. bonds that are not quo...
117
annual_report
5056
2,627
AFG analyzes its MBS securities for other-than-temporary impairment each quarter based upon expected future cash flows. Management estimates expected future cash flows based upon its knowledge of the MBS market, cash flow projections (which reflect loan to collateral values, subordination, vintage and geographic concen...
76
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2004
624
Windstorm record in Florida Hurricane Charley alone, which cut across Florida on 13 and 14 August 2004 and reached maximum gust speeds of over 280 km/h, was responsible for estimated economic losses of us$ 20bn, of which around us$ 7.5bn was insured. At the end of August and beginning of September, Frances raged over t...
121
annual_report
SwissReAG-AR_1982
558
Facuitative reinsurance: Reinsurance of -> risks on an individual basis (cf. treaty reinsurance) in which the ^ reinsurer is free to accept or reject the offer.
26
annual_report
3072
649
The property catastrophe excess of loss program was revised as of July 1, 2006, so that the State Auto Group began to retain the first $55.0 million of catastrophe loss per occurrence, compared to the first $40.0 million of catastrophe loss per occurrence under the previous program. The previous retention of $40.0 mill...
142
10K
AvivaPLC-AR_2016
377
Aviva Ventures investment £100m We’ve committed to a total investment of up to £100 million through Aviva Ventures by 2020
20
annual_report
gb_lloyds_banking_grp-AR_2011
557
the year has seen an ongoing harmonisation process of different heritage employment policies, and the unions have been involved in these discussions.
22
annual_report
4497
1,822
Favorable development was recorded in auto coverages, primarily driven by decreased frequency in CNA’s Hawaiian book of business.
18
10K
5436
1,227
We present at fair value in the statements of financial position our investments classified as available-for-sale (including fixed maturity and equity securities), investments classified as trading, derivatives, and embedded derivatives. For additional information regarding the key estimates and assumptions surrounding...
68
10K
1527
330
At December 31, 2000, no single state accounted for more than 8 percent of the contracts we serviced. In addition, no single contractor, dealer or vendor accounted for more than one percent of the total contracts we originated.
38
10K
5688
9,204
estimates is reported in the Claims and Claims Expense Reserves section of the MD&A.
14
10K
147
214
During the fiscal year ended March 31, 1995, the Company actively marketed its new RxChoice(c) product and entered new product niches including the providing of services to the Federal and state pharmacy benefit management programs. Lives covered under integrated pharmacy services increased to approximately 16 million ...
69
10K
4941
1,389
During 2013, we recorded a loss for a premium deficiency. The premium deficiency was based on current and anticipated experience that had deteriorated from our locked-in assumptions from the previous December 31, 2010 loss recognition date, particularly as they related to emerging experience due to an increase in life ...
70
10K
StandardLifeAberdeenPLC-AR_2015
1,826
The Notes on pages 116 to 236 are an integral part of these consolidated financial statements.
16
annual_report
AdmiralGroupPLC-AR_2019
1,632
The investment strategy focuses on preservation of the amount invested, low volatility of returns and strong liquidity. The majority of the portfolio is invested in high quality fixed income and other debt securities, and money market funds and other similar funds in order to achieve these objectives.
47
annual_report
AvivaPLC-AR_2017
4,488
The total pension charge to staff costs for all of the Group’s defined benefit and defined contribution schemes were: £m
20
annual_report
NatixisSA-AR_2020
1,308
In keeping with the laws in force, each director must enter the shares they hold in registered form.
18
annual_report
nl_ing_grp-AR_2018
5,530
The liquidity buffer consists mainly of ‘Level 1’ assets which are the most liquid ones and are predominantly represented by government or central bank assets. Only assets that are freely available (not pledged under existing contracts) for liquidity purposes are included in the buffer. The size and composition of the ...
62
annual_report
fr_axa-AR_2005
1,942
Underlying Earnings Per Ordinary Share 1.73 1.72 1.46 1.42 18.5% 21.5%
11
annual_report
4392
642
Acquisition and other underwriting expenses. In the workers’ compensation insurance segment, expenses incurred to underwrite risks are referred to as acquisition and other underwriting expenses, which consist primarily of commissions, premium taxes, assessments and fees and other underwriting expenses incurred in acqui...
87
10K
2313
1,050
2002 COMPARED TO 2001 -- Revenues for Property & Casualty increased $882, or 10%, for the year ended December 31, 2002. The improvement was due primarily to earned premium growth in the Business Insurance, Personal Lines and Specialty Commercial segments, primarily as a result of earned pricing increases. The 2001 rein...
129
10K
AegonNV-AR_2012
5,930
�� Holders that own (or are deemed to own for US Federal income tax purposes) 10% or more of the voting shares of Aegon; �� Partnerships or pass-through entities or persons who hold common shares through partnerships or other pass-through entities; and
42
annual_report
StorebrandASA-AR_2007
1,229
Separate credit approval processes are now used for retail lending on the basis of credit scoring, combined with case-by-case evaluation of the borrower’s ability to repay. The increase in retail lending is regarded as very important for the bank as a whole with respect to reducing the bank’s risk. Approximately 98 per...
70
annual_report
4287
793
As part of the Agreement, LMC placed into trust (the “Trust”) $1.6 million, equal to 10% of the balance sheet reserves of SBIC at the date of the Acquisition. Thereafter, the Trust is adjusted each quarter, if warranted, to an amount equal to the greater of (a) $1.6 million or (b) 102% of LMC’s obligations under the Ag...
75
10K
4589
1,095
The Professional Liability segment pretax earnings increased $74.6 million in 2012, compared to 2011, due to an improved accident year loss ratio and changes in loss development. Segment earnings decreased in 2011, compared to 2010, due to lower net earned premium and net adverse loss development, partially offset by i...
58
10K
5848
820
Opinions on the consolidated Financial Statements and Internal Control Over Financial Reporting
12
10K
4499
1,602
We use the completion factor method for the months of incurred claims prior to the most recent three months because the historical percentage of claims processed for those months is at a level sufficient to produce a consistently reliable result. Conversely, for the most recent three months of incurred claims, the volu...
145
10K
gb_prudential-AR_2001
1,201
RECONCILIATION OF MOVEMENT IN SHAREHOLDERS’ CAPITAL AND RESERVES – ACHIEVED PROFITS BASIS YEAR ENDED 31 DECEMBER 2001
17
annual_report
AvivaPLC-AR_2011
2,826
For the year ended 31 December 2011, this comprised:  £22 million provision for compensation scheme costs for the leveraged property fund in Ireland; and  £35 million expense for the discounted cost of strengthening latent claims provisions in the UK.
41
annual_report
1761
369
Insurers generally, including the Company, are experiencing an increase in the number of asbestos-related claims due to, among other things, more intensive advertising by lawyers seeking asbestos claimants, the increasing focus by plaintiffs on new and previously peripheral defendants and an increase in the number of e...
274
10K
BeazleyPLC-AR_2020
2,049
b) Reputation Reputation risk is the risk of negative publicity as a result of the group’s contractual arrangements, customers, products, services and other activities. Key sources of reputation risk include operation of a Lloyd’s franchise, interaction with capital markets since the group’s IPO during 2002, and relian...
94
annual_report
1657
2,829
unless a majority of the independent directors of Cobalt and a majority of all
14
10K
4014
2,304
For credit spreads on the Company's name the Company obtains the quoted price of CDS contracts traded on AGC and AGM from market data sources published by third parties.
29
10K
5907
439
Effective management of invested assets and associated liabilities using crediting rates and, where applicable, financial hedging instruments (which we use as economic hedges of equity-indexed life and annuity products), is important to the success of our Life and Annuity segments. Asset “disintermediation,” the risk o...
80
10K
AvivaPLC-AR_2018
2,862
Policy loans 769 — 769 792 — 792 Loans to banks 1,620 — 1,620 1,970 — 1,970 Non-securitised mortgage loans 9 (9) — 9 (9) — Loans to brokers and other intermediaries 164 — 164 180 — 180 Other loans 707 (1) 706 523 — 523 Total 3,269 (10) 3,259 3,474 (9) 3,465
53
annual_report
NatwestGroupPLC-AR_2014
3,677
The activities of several customer businesses, particularly CIB but also Ulster Bank and CFG, expose RBS to country risk.
19
annual_report
SwissLifeHoldingAG-AR_2019
3,296
Garching b. München DE 100.0% 100.0% Real estate EUR 50 000
11
annual_report
4532
923
Favorable net prior year development of $11 million, $29 million and $2 million was recorded in the Life & Group Non-Core segment for the years ended December 31, 2012, 2011 and 2010.
32
10K
de_allianz-AR_2003
698
Shareholder structure on December 31, 2003 Free float: 83 %, Long-term investments: 17 %
14
annual_report
4782
5,779
Certain redemption restrictions may apply to specific stock and bond funds, including written notices prior to the withdrawal of funds and a potential redemption fee on certain withdrawals.
28
10K
5095
1,164
Our TRICARE members are served by both in-network and out-of-network providers in accordance with the current contract. We pay health care costs related to these services to the providers and are subsequently reimbursed by the DoD for such payments. We account for the payments of the federal government’s claims and the...
137
10K
fr_axa-AR_2008
2
PART II – THE AXA GROUP: OUR GLOBAL BUSINESS OPERATIONS, RECENT FINANCIAL PERFORMANCE AND FINANCIAL CONDITION 2.1 Selected Consolidated Financial Data 2.2 Information on the Company 2.3 Activity Report 2.4 Liquidity and Capital resources
34
annual_report
GjensidigeForsikringASA-AR_2011
2,099
cuRRENT ANd dEFERREd TAX Current tax and deferred tax are recognised as an expense or income in the income statement, with the exception of deferred tax on items that are recognised in other comprehensive income, where the tax is recognised in other comprehensive income, or in cases where deferred tax arises as a resul...
89
annual_report
4175
1,665
Our Other category primarily includes the results of: (1) our share of strategic investments in certain markets we believe offer attractive risk-adjusted returns or where we believe our investment adds value, such as our investments in the Tower Hill Companies, Essent Group Ltd. and the Angus Fund, where, rather than a...
100
10K
ScorSE-AR_2015
2,753
On June 2, 2015, SCOR received the decision from the Spanish Supreme Court on the State Attorney’s appeal. In its decision, the Supreme Court confirmed that SCOR and Asefa (an insurance company 40% owned by SCOR), together with certain other market participants, were part of an antitrust violation. However, the Supreme...
117
annual_report
DirectLineInsuranceGroupPLC-AR_2018
925
Statement of the Directors in respect of the Strategic report The Board reviewed and approved the Strategic report on pages 1 to 59 on 4 March 2019.
27
annual_report
INGGroepNV-AR_2011
3,477
Processes are in place to identify key threats, vulnerabilities and the associated risks which might cause adverse events. Event identification is performed proactively and precedes a risk assessment. Different techniques for event identification exist within ING Bank, e.g. risk & control self assessments, scenario ana...
67
annual_report
2275
691
The following table presents the Below Investment Grade ("BIG") fixed maturities by type, including guaranteed separate accounts, as of December 31, 2003 and 2002.
24
10K
1692
964
At December 31, 2001 and 2000, the Company's management concluded that all deferred tax assets are more likely than not to be realized. A valuation allowance was taken for the U.S. foreign tax credits due to expire in 2002. U.S. net operating loss carryforwards at December 31, 2001 were approximately $285.0 million and...
79
10K
NatixisSA-AR_2020
7,753
Revaluation adjustments over the period 37 2 39 84 1 86 o/w effect of ceiling on plan assets 0 0 0 2 0 2
24
annual_report
4672
864
The Company has utilized public information to estimate the future assessments it will incur as a result of life insurance company insolvencies. At December 31, 2012 and 2011, the Company’s estimated liability for future guaranty fund assessments was less than $0.1 million and $0.3 million, respectively. In addition, t...
89
10K
gb_prudential-AR_2019
4,725
(b) The rate of surrenders for shareholder-backed business (expressed as a percentage of opening policyholder liabilities) was 7.0 per cent in 2019 (2018: 6.6 per cent). (c) Investment-related items and other movements in 2019 primarily represent equity market gains from the with-profits business and effects from lower...
95
annual_report
4187
1,462
Foreign Currency Translation. Assets and liabilities denominated in Canadian dollars are translated into U.S. dollars using year-end exchange rates. Revenues and expenses are translated monthly at amounts that approximate weighted-average exchange rates, with resulting gains and losses included in stockholders’ equity....
54
10K
1644
741
Management’s discussion and analysis 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 the Company. These forward-looking statements involve certain risks and uncertainties. Factors that may ...
387
10K
ScorSE-AR_2014
548
The Non-Life and Life reserves adequacy are controlled on a quarterly basis by internal actuaries at division level as well at the Group level by the Group Chief Actuary who signs off on the reserving adequacy and reports to the Executive committee and to the Audit Committee. External consulting firms also review on a ...
209
annual_report
NatixisSA-AR_2017
6,561
Other recurring operating income and expenses (316) (72) (242) (316) (1) (316)
12
annual_report
INGGroepNV-AR_2007
1,602
Amortisation of software and other intangible assets is included in the profi t and loss account in Other operating expenses. Amortisation of VOBA is included in Underwriting expenditure.
28
annual_report
2982
1,259
Pursuant to Michigan’s statute, the maximum dividends and other distributions that an insurer may pay in any twelve month period, without prior approval of the Michigan Insurance Commissioner, is limited to the greater of 10% of policyholders’ surplus as of December 31 of the immediately preceding year or the statutory...
111
10K
RaiffeisenBankInternationalAG-AR_2014
107
■ Further short- to medium-term optimization measures: Restructuring of the Hungarian unit, sale or scale back of the Slovenian unit, sale of the ZUNO direct bank, adjustments to leasing units and enhanced risk transfer (e.g. by means of securitization transactions).
40
annual_report
DirectLineInsuranceGroupPLC-AR_2012
1,976
1.14 Financial liabilities Financial liabilities are initially recognised at fair value net of transaction costs incurred. Other than derivatives which are recognised and measured at fair value, all other financial liabilities are subsequently measured at amortised cost using the effective interest rate method.
43
annual_report
gb_prudential-AR_2017
6,815
Acquisition costs and other expenditure (10,165) (8,848) (8,208) (6,752) (6,861) Finance costs: interest on core structural borrowings of
18
annual_report
4232
692
Medicare receivables are impacted by the timing of accruals and related collections associated with the CMS risk-adjustment model.
18
10K
ASRNederlandNV-AR_2019
1,407
Contacts with the Works Council All SB members attended one or more routine consultative meetings of the Works Council. In addition to these routine meetings, the Works Council maintains regular contact with the Works Council-appointed SB member (Annet Aris until 22 May 2019 and as of 30 October 2019, Gisella van Volle...
124
annual_report
2894
1,096
The CNA Re unfavorable net prior year development for 2003 was also due to a general change in the pattern of how losses emerged over time as reported by the companies that purchased reinsurance from CNA Re. Losses have continued to show large increases for accident years in the late 1990s and into 2000 and 2001. These...
155
10K
5846
1,548
The Company has reinsurance agreements with certain of MetLife, Inc.’s subsidiaries, including MetLife Reinsurance Company of Charleston (“MRC”), MetLife Reinsurance Company of Vermont, and Metropolitan Tower Life Insurance Company, all of which are related parties. Additionally, the Company has reinsurance agreements ...
96
10K
SwissLifeHoldingAG-AR_2016
1,205
Freedom of association policy yes yes yes yes Code of Conduct
11
annual_report
4656
1,065
Any tax rules that would impact the utilization of the deferred tax assets.
13
10K
5692
1,168
From December 31, 2018 to December 31, 2019, we increased our managed care membership by 1.1 million, or 8%. The following table sets forth our membership by line of business:
30
10K
SwissLifeHoldingAG-AR_2015
3,398
Annual Report 2015 The Annual Report is published in German and English and contains additional information on risk management, market consistent embedded value (in English only), corporate governance and the annual accounts. The English text is definitive for the Consolidated Financial Statements; the original German ...
52
annual_report
5219
1,442
Stock warrants issued by the Company are valued using the Black-Scholes model and are recorded at fair value. Inputs into the warrant valuation include the Company’s stock price, a volatility parameter, interest rates, and dividend data. As all significant inputs are market-based and observable, warrants are categorize...
55
10K
ScorSE-AR_2008
3,597
Notes 6 and 17 to the annual fi nancial statements describe the uncertainties relating to the potential litigation encountered by the company.
22
annual_report
1326
493
The following summary explains the accounting policies we use to arrive at the more significant numbers in our financial statements. We prepare our financial statements in accordance with generally accepted accounting principles ("GAAP"). We follow the accounting standards established by the Financial Accounting Standa...
75
10K
2034
1,075
In the following sections of MD&A, we discuss the results from operations of each of our reportable segments. Safeco’s management measures segment profit or loss for its Property & Casualty businesses primarily based upon
34
10K
SwissReAG-AR_1996
852
The allocated investm ent return inc ludes the actual in ves tm en t incom e w h ich can be d ire c tly a ttr ib u te d to the re insurance business. In the rem a in ing instances, it con ta ins the in ves tm en t re turn generated on the investm en ts cove ring the techn ica l p ro v is io n s .T h e in te res t rate ...
104
annual_report
2317
925
Deferred policy acquisition costs in the financial guaranty business comprise those expenses that vary with, and are primarily related to, the production of insurance premiums, including: commissions paid on reinsurance assumed, salaries and related costs of underwriting and marketing personnel, rating agency fees, pre...
99
10K
RaiffeisenBankInternationalAG-AR_2013
533
Due to its good liquidity situation, RBI AG issued a buy-back offer for an outstanding, government guaranteed bond, in July. It thus reduced its future interest costs through buy-backs amounting to € 500 million.
34
annual_report
fr_axa-AR_2011
8,883
On October 28, 2011, the AXA Group made an employee share offering at €8.43 per share for the traditional plan (discount of 20% to the reference price of €10.53 representing the average over the twenty trading days ending on October 27, 2011) and at €9.10 per share for the leverage plan (discount of 13.60%
54
annual_report
3559
580
The Company’s products consist primarily of dental HMO, PPO and indemnity plans, with dental HMO products constituting 97% of its total revenues. All of the Company’s products are marketed to employer groups. The Company’s business model allows it to offer dental benefit products including broad networks of participati...
83
10K
3068
1,435
Options to purchase 1,666,560, 1,774,285 and 185,000 shares of common stock were outstanding during the years ended December 31, 2006, 2005 and 2004, respectively, and were not included in the computation of diluted net income per share because the option exercise price was greater than the average market price; theref...
57
10K
5711
933
The Company tests for impairment of goodwill at least annually and more frequently as circumstances warrant in accordance with applicable accounting guidance. Accounting guidance allows for the testing of goodwill for impairment using both qualitative and quantitative factors. Impairment of goodwill is recognized only ...
106
10K
782
512
UNUM's Consolidated Statements of Income for 1997, 1996 and 1995, included the following amounts of foreign income and related income tax expense:
22
10K
SwissReAG-AR_2003
1,498
Ann F. Godbehere took over as Chief Financial Officer on 1 April 2003. At the same time she joined the Executive Board and became a member of the Executive Board Committee.
31
annual_report
de_allianz-AR_2002
143
The members of the Supervisory Board regularly had occasion to form an impression as to the current status of integration measures. At various meetings, we were also able to ascertain that the process of integration is proceeding on schedule. Among other things, we received reports on the status of asset management act...
82
annual_report
5034
1,048
In May 2015, as a result of the Catlin Acquisition, we acquired four residential properties with a fair value of approximately $30 million.
23
10K
fr_axa-AR_2009
2,899
Director or member of the Supervisory Board: ■ AXA Financial, Inc. (1) (United States)
14
annual_report
gb_prudential-AR_2003
1,158
Pension costs The Group has chosen not to fully implement FRS 17 ‘Retirement benefits’ for the 2003 financial statements. Pension costs shown above have been determined applying the principles of SSAP 24 ‘Pension costs’. £32m (£34m) of the costs related to defined benefit schemes and £16m (£13m) to defined contribution...
62
annual_report
1140
500
Net unrealized appreciation of equities (before income tax) of the Company at December 31, 1999, included gross unrealized appreciation of $12,894,000 and gross unrealized depreciation of $1,329,000. Net unrealized appreciation of equities of the Company at December 31, 1998, included gross unrealized appreciation of $...
51
10K
AvivaPLC-AR_2012
2,359
Operating profit before tax attributable to shareholders’ profits 1,888 239 2,127 2,089 414 2,503
14
annual_report