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GjensidigeForsikringASA-AR_2010
1,317
gjensidige’s investment strategy is determined annually by the Board of directors. Here the Board of directors sets upper and lower limits per asset class, the overall risk tolerance related to the financial results and specific limits for interest rate, liquidity and foreign-exchange risk. the asset allocation must be...
114
annual_report
5329
2,356
During the years ended December 31, 2016, 2015 and 2014, OTTI losses were $0.3 million, $0.4 million and $0, respectively. The determination that unrealized losses on such securities were other-than-temporary was primarily based on the duration of the decline in the fair value of such securities relative to their cost ...
56
10K
2809
713
The following table presents PMI’s ARMs (mortgage loans with interest rates that may adjust prior to their fifth anniversary) and high LTV loans (loans exceeding 97% LTV) as percentages of its flow channel and structured channel primary NIW for the years ended:
42
10K
5091
1,943
The most significant variance in the above scenarios, a 10% deterioration in expected loss ratio, would have the effect of increasing losses and loss expenses by $311.7 million.
28
10K
4849
801
A summary of PSP activity for the years ended December 31, 2013, 2012 and 2011 is as follows:
18
10K
401
305
- ---------------------------------------------------------- Year ended September 30, 1996 1995 - ---------------------------------------------------------- (In thousands, except per share amounts)
16
10K
4914
593
The Company has 100,000 authorized Class D Redeemable Common Shares, without par value. The Class D Redeemable Common Shares are non-voting redeemable common shares that Preferred Shares may be converted to under certain circumstances. As of December 31, 2014 and 2013, none of these Class D redeemable shares were issue...
53
10K
SwissLifeHoldingAG-AR_2020
1,312
Swiss Life International – The offices in Liechtenstein, Luxembourg, the UK, Austria, the Czech Republic, Singapore and
17
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007
370
Dividend to increase again On the basis of the record result in 2007, the dividend proposal of the Board of Management and Supervisory Board at the Annual General Meeting on 17 April 2008 will be the payment of an increased dividend of €5.50 per share (€1.00 higher than last year). Altogether, we will thus distribute a...
63
annual_report
DirectLineInsuranceGroupPLC-AR_2018
516
Investment portfolio The investment strategy aims to deliver several objectives, which are summarised below: – to ensure there is sufficient liquidity available within the investment portfolio to meet stressed liquidity scenarios
31
annual_report
nl_ing_grp-AR_2016
4,723
Risk Management Programme (RMP) Settlement Agreement and Outsourcing Agreement ING Groep N.V. and ING Bank N.V. and NN Re (Netherlands) N.V. have entered into an RMP Settlement Agreement which has a purpose to remove from the reinsurer its economic exposure to losses resulting from the RMP claims of the RMP Bank, Voya ...
131
annual_report
gb_prudential-AR_2013
1,978
September 2013 Monitor performance against long-term incentive targets, based on the half year results; review the dilution levels resulting from the Company’s share plans; consider the latest version of the external measures report; review total 2014 remuneration of executive directors for consultation with shareholde...
54
annual_report
TrygAS-AR_2003
220
of A3 and BBB(pi), respectively. When making their decisions, the rating agencies emphasised the strengthened capital base and commercial and organisational improvements.
22
annual_report
ScorSE-AR_2019
227
Proportional and non-proportional reinsurance Both treaty and facultative reinsurance can be written on (i) a proportional (or quota share) basis and/or (ii) a non-proportional (or excess of loss or stop loss) basis.
32
annual_report
3703
528
Gross premiums written for the year ended December 31, 2008 were $93.3 million. In the comparable period for 2007, AAIC recorded $88.4 million in gross premiums written. 2008 gross premiums written includes insurance premiums written directly by AAIC, “direct premiums written,” of $92.2 million, plus $1.0 million of pr...
120
10K
1289
128
Investments in fixed income instruments carry a degree of market risk. Market risk represents the potential for loss due to adverse changes in the fair market value of financial investments. The market risks faced by the Company relate primarily to its investment portfolio, which exposes the Company to risks related to...
63
10K
fr_axa-AR_2012
2,315
Committee currently intends to propose additional women directors for consideration by shareholders at future
14
annual_report
5893
617
The liability for estimates of benefits that will become payable on future claims on term life, whole life and DI policies is based on the net level premium and LTC policies is based on a gross premium valuation reflecting management’s current best estimate assumptions. Both include the anticipated interest rates earne...
104
10K
HiscoxLtd-AR_2010
2,219
Tax calculated at the standard corporation tax rate applicable in Bermuda: 0% (2009: 0%) – –
16
annual_report
1687
367
During 2001, AIG repurchased in the open market 13,619,900 shares of its common stock. Included in these repurchases were approximately 10 million shares which were exempt from pooling of interests accounting restrictions under orders issued by the SEC following the terrorist attacks on September 11, 2001. During 2002 ...
92
10K
2206
1,634
During 2003 and 2002, the Company paid $3.1 million and $1.2 million, respectively, in commission fees to Independent Financial Marketing Group, Inc.
22
10K
nl_ing_grp-AR_2019
2,127
ING is recognised as an A-list company for leadership on climate action for the fifth year in a row by CDP, the leading global environmental disclosure platform.
27
annual_report
PhoenixGroupHoldingsPLC-AR_2009
1,973
No allowance for the cost of non‑hedgeable risk has been made, as in the opinion of the Directors, the cost of residual non‑hedgeable risk calculated in accordance with CFO Forum principles and guidance does not anticipate further risk management actions and therefore does not provide a fair reflection of the Group’s o...
53
annual_report
HiscoxLtd-AR_2008
265
The complete lack of liquidity in most areas of the bond markets has led to many discounted mark to market valuations. This has been most pronounced in the US Dollar bond portfolio where the valuations of some of the mortgage backed securities have suffered. The underlying securities, however, continue to pay down inte...
130
annual_report
4405
2,352
In conjunction with the AGMH Acquisition, AGMH has joined the consolidated federal tax group of AGUS, AGC, and AG Financial Products Inc. ("AGFP"). For the periods beginning on July 1, 2009 and forward, AGMH files a consolidated federal income tax return with AGUS, AGC, AGFP and AG Analytics Inc. ("AGUS consolidated ta...
187
10K
NatwestGroupPLC-AR_2010
2,186
Total Central and local government 6,388 1,532 7,920 142,812 6,998 205 157,935 1,725 Finance - banks 81,695 1,937 83,632 — — — 83,632 — - other (3) 88,617 11,957 100,574 99,284 409,452 12,110 621,420 372,343 Residential mortgages 127,975 12,932 140,907 717 11 — 141,635 7 Personal lending 35,313 6,358 41,671 1 38 40 41,...
186
annual_report
NatixisSA-AR_2019
10,920
The average age of Natixis employees in France in 2019 was 44.
12
annual_report
4082
2,377
MBIA Inc., through its subsidiaries, is responsible for providing investment advisory and certain related administrative services to the MBIA Capital/Claymore Managed Duration Investment Grade Municipal Fund (the “Fund”). MBIA earned investment management, accounting, administration and service fees related to the Fund...
75
10K
5051
949
Accordingly, our executive officers and directors, through their beneficial ownership of our common stock, will be able to significantly influence the vote on all matters submitted to a vote of our shareholders, including the election of directors, amendments to our restated certificate of incorporation or amended and ...
103
10K
4327
4,041
The following table presents a breakdown of the amortized cost, aggregate fair value and unrealized gains and losses by investment type as of December 31, 2010 and 2009:
28
10K
NatwestGroupPLC-AR_2011
5,190
Dividends received from banking subsidiary 58 60 2,523 Dividends received from other subsidiaries 12 24 408 Gain on redemption of own debt — 53 238 Total income 70 137 3,169 Interest receivable from subsidiaries 1,019 1,042 997 Interest payable to subsidiaries (262) (263) (251) Other net interest payable and operating ...
69
annual_report
fr_axa-AR_2002
2,749
Mortgage, policy and other loans (106) (125) 17 (1) (4) 0 (0) – (0) (108) (129) 17
17
annual_report
2195
1,024
Weighted Average Weighted Average Options Exercise Price Range of Exercise Contractual Life ------------------------ ------------------------ Price Remaining in Days Outstanding Exercisable Outstanding Exercisable ----------------- ------------------- ------------ ----------- ----------- ----------- $3.13 - 4.80 2,362 ...
62
10K
4756
3,063
During 2012, we strengthened our prior year reserves by $237 million as a result of changes in estimates related to prior year insured events and the development of information and trends not previously known when establishing the reserves in prior periods. Of this amount, we increased prior year claim reserves in our ...
221
10K
5349
1,778
and are intended to reflect a more conservative view, for example, requiring immediate expensing of policy acquisition costs. The NAIC’s risk-based capital requirements require insurance companies to calculate and report information under a risk-based capital formula. The achievement of long-term growth will require gr...
136
10K
HannoverRueckSE-AR_2001
340
In addition to the estimated market loss of around USD 50 billion due to the terrorist attacks, the storm “Allison ” also adversely affected our result. Most of the damage caused by this windstorm event occurred in the southern part of the United States. The total market loss is set at more than EUR 5 billion.
56
annual_report
ASRNederlandNV-AR_2012
708
Fair value hierarchy a.s.r. uses the following three hierarchical levels to determine the fair value of fi nancial instruments and non fi nancial instruments when accounting for assets and liabilities at fair value and disclosing the comparative fair value of assets and liabilities: Level 1. Fair value on the basis of ...
100
annual_report
DirectLineInsuranceGroupPLC-AR_2012
19
Corporate governance report Our long-term performance as a Group is strengthened by responsible corporate governance. Learn more about our Board and the framework of our corporate governance.
27
annual_report
4917
2,642
would result in an increase of the DAC balance) as a result of negative AGP, the specific facts and circumstances surrounding the potential negative amortization are considered to determine whether it is appropriate for recognition in the consolidated financial statements. Negative amortization is only recorded when th...
122
10K
fr_axa-AR_2007
798
(a) Restated means : transfer of the forex impact from adjusted earnings to net income.
15
annual_report
de_allianz-AR_2003
2,921
mn. Liabilities to banks and customers include repo transactions amounting to ¤92,876 (2002: 63,573) mn.
15
annual_report
3974
599
For the year ended June 30, 2008, we experienced favorable development for prior accident periods of approximately $1.4 million. For the year ended June 30, 2007, we experienced negative development for losses occurring in prior accident periods of approximately $3.9 million. The favorable development for the year ende...
129
10K
fr_axa-AR_2018
1,521
Chairman of the Board of Directors 1,576,337 April 2010/2022 Annual Shareholders’ Meeting
12
annual_report
HannoverRueckSE-AR_2005
553
• regular adjustment of our underwriting policy (e.g. through appropriate contractual exclusions or by way of material and geographical diversification of the portfolio),
23
annual_report
GjensidigeForsikringASA-AR_2015
1,914
Total shares and similar interests owned by the Gjensidige Insurance Group 7,202.3
12
annual_report
5876
625
Beginning January 1, 2020, ASC 326, Credit Losses: Measurement of Credit Losses on Financial Instruments changed the process by which AFS debt securities are evaluated for impairment, as the standard requires a new impairment model based on expected credit losses rather than incurred credit losses. Under the new guidan...
62
10K
5641
1,398
At December 31, 2018, the aggregate intrinsic value of restricted stock units was $39.1 million and the weighted average remaining contractual life was 1.3 years. The aggregate intrinsic value of market-based restricted stock units was $8.2 million and the weighted average remaining contractual life was 1.4 years. As o...
121
10K
3678
691
We maintain a portion of our investment portfolio in relatively short-term and highly liquid investments to ensure the immediate availability of funds to pay claims and expenses. At December 31, 2008 and 2007, we had $150.5 million and $70.9 million, respectively, in cash and cash equivalents, and $1,939.9 million and ...
124
10K
TrygAS-AR_2003
786
Exchange rate DKK/EEK, average of the year 47.48 47.49 - -
11
annual_report
2464
888
The Company expects growth in revenue and profitability to be driven by increasing premium income through sales growth and stable persistency while maintaining a focus on high-quality business and the management of expenses. High quality service is viewed as a differentiator for the Colonial segment in the marketplace....
85
10K
SwissLifeHoldingAG-AR_2018
617
We have audited the compensation report of Swiss Life Holding Ltd for the year ended 31 December 2018. The audit was limited to the information contained on pages 61 and 65 to 67 of the compensation report.
37
annual_report
1080
721
1997, the Company sold marketable securities having a book value of $15.9 million, realizing a net gain of $178,000. During 1996, the Company sold marketable securities having a book value of $3.3 million, realizing a net gain of $106,000.
39
10K
NatixisSA-AR_2016
798
Natixis, Member of the Board of Permanent Representative of a 12.19.2012) Directors (from 05.15.2012 to
15
annual_report
StandardLifeAberdeenPLC-AR_2017
2,524
Internally generated software not yet available for use:  Tests of detail: We challenged the Group’s assessment of the continuing technical feasibility of completing a sample of the internally generated software assets that were not yet available for use by reference to project plans and design specifications. We used...
83
annual_report
3111
839
Revenues increased in 2006 compared to 2005 and 2004, primarily due to net premiums earned (“NPE”) growth of 6% in 2006 compared to 2005 and growth of 8% in 2005 as compared to 2004. Increases in NPE are attributed to the following:
42
10K
967
470
Liabilities: Unearned insurance premiums $ 477.9 $ 287.3 Claims and adjustment expenses 550.3 276.7 Short-term borrowings 21.0 42.4 Long-term borrowings 25.1 25.1 Capital lease 27.9 27.9 Deferred income taxes 42.7 31.5 Dividends and distributions on capital securities 23.2 13.3 Ceded reinsurance payable 64.1 3.9 Other ...
165
10K
4259
2,178
Once assumptions and estimates are made, any number of changes in facts and circumstances could cause us to subsequently determine that a fixed income or equity security is other-than-temporarily impaired, including: 1) general economic conditions that are worse than previously forecasted or that have a greater adverse...
243
10K
1504
329
Comparison of 1999 to 1998 The Company reported net income applicable to common shares of $38.9 million, or $1.67 per diluted common share, for 1999, up 29% from net income applicable to common shares of $30.2 million, or $1.26 per diluted common share, for 1998. The increase in the net income applicable to common shar...
72
10K
4173
1,132
Other acquired intangible assets for the years ended December 31, 2010 and 2009 are as follows:
16
10K
2769
1,616
The significant components of our net deferred tax assets and liabilities are summarized as follows (in thousands):
17
10K
fr_axa-AR_2008
6,141
The AXA shareholders should consult their own tax advisors to determine whether the Treaty provisions are applicable to their particular situation and which formalities need to be complied with in order to obtain Treaty benefits.
35
annual_report
5673
1,636
On February 21, 2020, Tiptree Operating Company, LLC (Borrower) borrowed $125 million under a new credit agreement (Credit Agreement) with Fortress Credit Corp. (Fortress). The proceeds were used to repay the Borrower’s prior credit agreement with Fortress described in (10) Debt, net, in the notes to consolidated finan...
73
10K
1929
1,173
Losses and Loss Adjustment Expenses. Insurance segment losses and loss adjustment expenses incurred for 2002 were $108.8 million. The 70.6% loss ratio included 29.1 points of paid claims (of which 16.5 points were generated from our non-standard automobile business), 3 points related to case reserves and 38.5 points re...
142
10K
fr_axa-AR_2009
10,496
Life & Savings IFRS shareholders’ equity with the following main adjustments: ■ A ddition of unrealized capital gains/losses not included in shareholders’ equity; ■ E limination of the value of intangibles; ■ E limination of unrealized capital gains/losses included in the projection of future cash-fl ows (VIF); ■ A dju...
62
annual_report
4100
2,400
The following table summarizes the Company’s contractual obligations and commitments as of December 31, 2009 expected to be paid in the periods presented. Payment amounts reflect the Company’s estimate of undiscounted cash flows related to these obligations and commitments. Balance sheet amounts were determined in acco...
75
10K
ASRNederlandNV-AR_2017
212
a.s.r. is offering a wide range of capital-light pension products (defined contribution), het Nederlandse pensioen- fonds (Dutch pension fund; Hnpf) and IORP (Institution of Occupational Retirement Provision) products via a joint venture. a.s.r. has successfully increased its market share in the defined contribution pr...
62
annual_report
INGGroepNV-AR_2003
1,464
– Code III.5.6: “The audit committee shall not be chaired by the chairman of the supervisory board or by a former member of the executive board of the company.”
29
annual_report
RSAInsuranceGroupPLC-AR_2018
2,101
UK & International COR and Underwriting Result 20% 32% – –
11
annual_report
fr_axa-AR_2019
2,065
■ No director is over the age of 70 (versus 1 in 2018)
13
annual_report
TrygAS-AR_2003
537
Profit/loss on ordinary activities before tax 789 -1.078 89 411 -244 Extraordinary items and minority interests 1 -1.256 7 0 -1.482
21
annual_report
2624
654
Changes in interest rates may also impact its business in other ways. Lower interest rates may result in lower sales of certain of the Company’s insurance and investment products. In addition, certain of the Company’s insurance and investment products guarantee a minimum credited interest rate, and the Company could be...
61
10K
4381
1,058
We are subject to the tax laws and regulations of the U.S. and foreign countries in which we operate. We file a consolidated U.S. federal income tax return that includes the holding company and its U.S. subsidiaries. Generally, taxes are accrued at the U.S. statutory tax rate of 35% for income from the U.S. operations....
165
10K
5169
1,056
Reinsurance is used to mitigate the exposure to losses, manage capacity and protect capital resources. Reinsuring loss exposures does not relieve a ceding entity from its obligations to policyholders and cedants. Reinsurance recoverables (including amounts related to claims incurred but not reported) and ceded unearned...
177
10K
4425
512
Atlas lost $2,470 during 2011 compared to net losses of $21,812 in 2010. After taking the impact of the liquidation preference of the preferred shares into consideration, the basic and diluted loss per common share in 2011 was $(0.18) versus a loss per common share of $1.19 in 2010 computed under continuation accountin...
54
10K
AegonNV-AR_2016
593
Aegon USA's primary competitors in the variable annuity market are AIG, Jackson National, Lincoln National, MetLife, Nationwide and Prudential Financial.
20
annual_report
gb_prudential-AR_2016
3,945
The policy provides that at Jackson’s discretion it may reset the interest rate, subject to a guaranteed minimum.
18
annual_report
2102
655
The Company's success has been, and will continue to be, dependent on its ability to retain the services of its existing key executive officers and to attract and retain additional qualified personnel in the future. The loss of the services of any of its key executive officers or the inability to hire and retain other ...
221
10K
PosteItalianeSpA-AR_2019
614
MOBILITY REVOLUTION Introduction of new mobility models, technological evolution of vehicles, sharing mobility. More efficient, cleaner, safer mobility
18
annual_report
2880
1,059
The fair market value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions used for grants in 2005 and 2004:
33
10K
4689
1,168
For our Global Supplemental Benefits segment, South Korea is the single largest geographic market, generating 51% of segment revenues and 87% of the segment earnings in 2013. Due to the concentration of business in South Korea, the Global Supplemental Benefits segment is exposed to potential losses resulting from econo...
102
10K
1810
8,541
Equity in losses of affiliate in 2000 and 1999 represents GAFRI's proportionate share of the results of Chiquita Brands International, as well as the writedown in 2000 of GAFRI's investment in Chiquita to market value of approximately $1 per share. Chiquita reported net losses attributable to common shareholders of $11...
59
10K
2889
1,783
“On Review,” “Credit Watch” and “Rating Watch” are modifiers used by the ratings agencies to alert those parties relying on CNA’s ratings of the possibility of a rating change within 90 days. Modifiers are utilized when the agencies are uncertain as to the impact of a CNA action or initiative, which could prove to be m...
84
10K
4149
10,015
The following table summarizes the weighted average guaranteed crediting rates and weighted average current crediting rates for certain fixed annuities and interest-sensitive life contracts where management has the ability to change the crediting rate, subject to a contractual minimum. Other products, including equity-...
90
10K
960
359
Generally, each right may be exercised ten days after any person or group ("Acquirer") acquires beneficial ownership of 20% of the outstanding shares of Common Stock, or ten days after an Acquirer announces a tender offer or other business combination, which would result in the Acquirer obtaining beneficial ownership o...
75
10K
de_allianz-AR_2007
3,051
As of December 31, 2007 or (with members who resigned) day of resignation. 1) We regard memberships in other supervisory bodies as “comparable” if the company is listed on a stock exchange or has more than 500 employees.
38
annual_report
HannoverRueckSE-AR_2010
3,166
Actual expense for income taxes 257,629 291,770 expiry of loss carry-forwards in eUr thousand
14
annual_report
NatwestGroupPLC-AR_2009
2,495
Notes: (1) Credit ratings are based on those from rating agency Standard & Poor’s (S&P). Moody’s and Fitch have been mapped onto the S&P scale.
25
annual_report
NatixisSA-AR_2007
396
Supervisory Board, and the second Vice-Chairman shall be a representative of the other shareholder.
14
annual_report
AvivaPLC-AR_2010
4,029
MCEV financial statements continued Aviva plc Annual Report and Accounts 2010
11
annual_report
2210
527
UNITED TRUST GROUP, INC. CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY Three Years Ended December 31, 2003 2002 2001 2003 (Restated) (Restated) --------- --------- --------------
23
10K
AegonNV-AR_2013
3,747
(2012: net losses of EUR 230 million, 2011: net gains of EUR 41 million) related to policyholder tax and other income / charges that are classified for segment reporting purposes as non underlying earnings.
34
annual_report
441
399
Separate Account business - CNA's life insurance subsidiary, Continental Assurance Company ("CAC"), issues certain investment and annuity contracts. The supporting assets and liabilities of these contracts are legally segregated and reflected in the accompanying Consolidated Balance Sheets as assets and liabilities of ...
76
10K
359
1,144
Year ended December 31, 1996 1995 1994 Revenues: Equity in undistributed earnings of subsidiaries $ 47.6 $ 64.7 $ 47.3 Capital distribution from subsidiaries 61.2 54.2 44.0 Other revenues 10.6 1.7 0.4 119.4 120.6 91.7 Costs and Expenses: Interest and other financing expenses 15.2 19.0 21.9 Other expenses 25.7 10.9 6.6 ...
78
10K
BaloiseHoldingLtd-AR_2003
893
Deferred acquisition costs charged to capital and reserves – – – 97.7 – 97.7
14
annual_report
5153
2,487
The Company’s revenues reflect fees charged to the separate accounts, including mortality charges, risk charges, policy administration fees, investment management fees and surrender charges. Such fees are included in universal life and investment-type product policy fees in the statements of operations.
41
10K
de_allianz-AR_2017
917
World economy and financial markets appeared to overlook the elevated global political uncertainties, at least in part. Stock market volatility was low. On the monetary policy front, in October the European Central Bank announced that it would extend its monthly bond purchasing program at least until the end of Septemb...
53
annual_report
2514
1,052
As discussed in Note 11, 100% of Annuity and Life Reassurance America’s life and annuity policies that were in force prior to the Company’s acquisition of Capitol Bankers Life Insurance Company were reinsured with Reassure. Following the acquisition, the policies continue to be 100% reinsured with Reassure; however, An...
140
10K
2897
1,458
Interest spread income rose due to increased invested asset levels a result of higher excess capital and surplus retained in this segment and improved earnings from common stock and real estate investments. Lower margins on the MTN program offset some of these improvements.
43
10K
1994
258
The Company is subject to risk based capital guidelines established by statutory regulators requiring minimum capital levels based on the perceived risk of assets, liabilities, disintermediation, and business risk. At December 31, 2002 and December 31, 2001, the Company exceeded the regulatory criteria.
43
10K
4504
1,803
Net losses and loss expenses. The loss ratio for the year ended December 31, 2011 increased 6.6 percentage points compared to the year ended December 31, 2010. The net favorable and (unfavorable) development of prior year reserves in the years ended December 31, 2011, 2010 and 2009 by line of business was as follows:
54
10K