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AvivaPLC-AR_2012
2,046
Distribution of profits and with-profits business For UK authorised life insurers carrying on with-profits business, such as Aviva Life and Pensions UK Ltd (‘AVLAP’), the FSA’s rules require that where a firm decides to make a distribution of surplus from the with-profits fund it must distribute at least the required p...
190
annual_report
5560
1,237
Amounts recoverable from reinsurers are recognized in a manner consistent with the claims liabilities associated with the reinsurance placement and presented on the balance sheet as reinsurance recoverables. Such balances as of December 31, 2018 and 2017 are presented in the table below:
43
10K
fr_axa-AR_2015
2,171
Underlying Cost Income ratio : (general expenses net of distribution revenues)/(gross revenues excluding distribution revenues).
15
annual_report
TrygAS-AR_2003
768
Key ratios Claims ratio, net of reinsurance 69.7 64.0 62.8 73.8 Expense ratio, net of reinsurance 49.5 47.7 43.5 46.7 Combined ratio, net of reinsurance 119.2 111.7 106.3 120.5
29
annual_report
HelvetiaHoldingAG-AR_2008
666
Property and equipment 5 602.0 560.6 Goodwill and other intangible assets 6 182.6 64.9 Investments in associates 7.3 56.0 48.3
20
annual_report
2941
953
There is an intercompany reinsurance pooling agreement in place between James River Insurance and Stonewood Insurance. This intercompany reinsurance pooling agreement became effective on January 1, 2004. For 2004, the agreement called for a pooling of all business written by the companies on or after January 1, 2004 an...
158
10K
5646
1,311
The funded status of our postretirement benefit plans is recognized in the Statements of Financial Position, with a corresponding adjustment to accumulated other comprehensive income, net of tax. At December 31, 2018, shareholders' equity amounts related to these postretirement plans increased by $35.7 million, net of ...
272
10K
5330
673
Energy, which represented 10.7% of our gross written premiums in 2015, increased by $1.6 million (or 9.4%) for the year ended December 31, 2015 over the prior year; and
29
10K
5078
672
In May 2014, the Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) jointly issued a new revenue recognition standard, Accounting Standard Update (“ASU”) No. 2014-09, “Revenue from Contracts with Customers,” that will supersede virtually all revenue recognition guida...
190
10K
gb_lloyds_banking_grp-AR_2010
2,056
– The Group Credit Risk Committee, which is responsible for the development and effectiveness of the Group’s credit risk management framework, clear description of the Group’s credit risk appetite, setting of high-level Group credit policy, and compliance with regulatory credit requirements. On behalf of the Group Busi...
67
annual_report
fr_axa-AR_2003
1,743
– An Investment Committee, made up of managers from the financial and operational sides of the insurance company and also, in certain cases, representatives of its board of directors, approves investment strategy and assesses the quality of the results obtained.
40
annual_report
gb_prudential-AR_2017
5,603
www.prudential.co.uk Annual Report 2017 Prudential plc 305 01 G roup overview 02 Strategic report 03 G
16
annual_report
DirectLineInsuranceGroupPLC-AR_2020
973
Operations Our operations are exposed to physical and transition risks. Climate change could disrupt our direct operations as it has the potential to affect both the frequency and severity of natural catastrophes and other weather-related events in the UK. We could also face increased operating costs due to potential c...
89
annual_report
NatwestGroupPLC-AR_2020
774
The case studies included in this statement (refer to pages 51 and 52) provide examples of how stakeholder interests and the factors set out in section 172(1) of the Companies Act 2006 have been considered in Board discussions and principal decision-making during 2020.
43
annual_report
AegonNV-AR_2018
4,459
Once allocated, the shares are subject to a vesting period of two years from the moment of allocation. In specific circumstances
21
annual_report
3161
709
PMI Guaranty. PMI Guaranty began operations in the fourth quarter of 2006. PMI Guaranty’s net income (pre-tax) for the year ended December 31, 2006 was $0.8 million.
27
10K
3138
570
The following table shows the activity in the loss and LAE reserve balances of the Company for the years ended December 31, 2006, 2005 and 2004, prepared in accordance with accounting principles generally accepted in the United States of America.
40
10K
4471
2,540
The expected postretirement plan benefit obligations (“EPBO”) represent the actuarial present value of all other postretirement benefits expected to be paid after retirement to employees and their dependents and is used in measuring the periodic postretirement benefit expense. The accumulated postretirement plan benefi...
93
10K
5388
3,138
Prior to U.S. Tax Reform, the DRD related to variable life insurance and annuity contracts was generally based on a company specific percentage referred to as the company’s share. The calculation of this amount was subject to significant dispute between taxpayers and the IRS. U.S. Tax Reform eliminated this dispute by ...
61
10K
5683
2,239
The amortized cost, gross unrealized gains, losses and OTTI and fair value of fixed maturity AFS securities (in millions) were as follows:
22
10K
RSAInsuranceGroupPLC-AR_2017
2,736
The Remuneration Committee may also make conditional awards of restricted shares to other executives and senior managers, which are not subject to performance conditions.
24
annual_report
ScorSE-AR_2013
213
In connection with its October 2007 acquisition of Converium Holdings AG (“Converium”), SCOR Global Life assumed certain retrocession liabilities with regard to Guaranteed Minimum Death Benefit (“GMDB”) rider options attached to variable annuity policies written in the US. Its GMDB business indirectly exposes SCOR Glob...
171
annual_report
2305
583
significant increase in stockholders' equity that resulted from the receipt of the net proceeds from our initial public offering in December 2003.
22
10K
ch_zurich_insurance_group-AR_2014
3,098
Overall in Europe, APE increased by USD 821 million or 31 percent on a local currency basis. The main increases were in the UK and Spain followed by Germany. In the UK, higher volumes of corporate business and individual saving business were partially offset by lower volumes of unit-linked business. In Spain, volumes i...
109
annual_report
NNGroupNV-AR_2013
688
Property under development Property developed and under development for which NN Group has the intention to sell the property after its completion is included in Other assets – Property development and obtained from foreclosures.
34
annual_report
4018
854
Net Investment Income. Net investment income decreased to $16.7 million in 2009 compared to $17.0 million and $16.9 million in 2008 and 2007. The decrease related to lower investment rates available in 2009, as well as the significant call activity the Company experienced in the current year. Approximately $215.0 milli...
80
10K
BaloiseHoldingLtd-AR_2004
1,666
Balance at December 31 40.7 63.5 in CHF m 27. Interest payable
12
annual_report
Sampoplc-AR_2006
3,940
Visiting address: Bulevardi 56, Helsinki Postal address: P.O.Box 627, 00101 HELSINKI, FINLAND Tel: +358 10 515 225 www.henki-sampo.fi
18
annual_report
HelvetiaHoldingAG-AR_2014
1,554
Thanks to Nationale Suisse, the Italian subsidiary also recorded 6.2 % (in OC) higher premiums. The motor vehicle and property businesses of Nationale Suisse in particular supported this growth. Only France remained behind the previous year’s result. Alongside the lagging economic recovery, the portfolio adjustments in...
58
annual_report
5284
1,090
The Company's reinsurance premiums are earned in proportion to the amount of reinsurance protection provided over the applicable risk period established in the reinsurance contract. Reinsurance contracts written on a losses occurring basis cover losses which occur during the term of the reinsurance contract, typically ...
228
10K
5288
508
Available for sale fixed maturity securities: As of December 31, 2016, we had available for sale fixed maturity assets of $10,320,074, an increase of $2,188,955 from the December 31, 2015 balance of $8,131,119. This growth is driven by our premium income and our warrant exercise offering.
46
10K
2755
3,603
Our overall year-over-year improved performance in 2005 and 2004 reflects lower catastrophe losses as well as premium growth. Weather-related catastrophe losses were only $0.6 million, or 1.7 points, during 2005 compared to $2.0 million, or 5.9 points, during 2004, and $7.2 million, or 23.0 points, during 2003. Offsett...
141
10K
AdmiralGroupPLC-AR_2011
386
The key features to note are: • Total cash plus investments increased by £474 million (52%), largely driven by significant growth in the UK Car Insurance business. A higher portion of the cash inflow was transferred into investments, resulting in a small decrease in the amount of cash held at 31 December 2011
53
annual_report
5124
1,392
Contractual obligations. A summary of the Company’s contractual obligations at December 31, 2015, by due date, is as follows:
19
10K
fr_axa-AR_2015
230
Profi t or loss on fi nancial assets (under fair value option) & derivatives (229) 225
16
annual_report
fr_axa-AR_2012
4,145
equity against currency fl uctuations, but also of other key indicators such as liquidity, gearing and solvency ratios. AXA
19
annual_report
4423
417
As of December 31, 2011, we held the following additional assets (excluding cash and cash equivalents and certificates of deposit that are discussed below under “Liquidity and Capital Resources”): amounts recoverable from reinsurers of $1,132,121; accrued investment income of $1,122,574; agents’ balances and due premiu...
75
10K
fr_axa-AR_2005
2,083
Income tax benefits decreased by €17 million in 2005 or €16 million on a constant exchange rate basis due to the non recurrence of 2004 tax credits partly offset by lower taxable profits and differing profit profiles by entity.
39
annual_report
5633
2,234
The securities lending liability for cash collateral is included within payables for collateral under securities loaned and other transactions; and the repurchase agreements liability for cash collateral is included within payables for collateral under securities loaned and other transactions and other liabilities.
42
10K
de_allianz-AR_2006
2,233
Investments in associates and joint ventures (12) (50) (59) Real estate held for
13
annual_report
NatixisSA-AR_2009
2,343
Life insurance revenues increased by 14% over the year, thanks in large part to the strength of Natixis Life and ABP Vie, compared to a growth of 12% in the broader market.
32
annual_report
4834
1,916
The U.K. tax authorities are currently auditing tax years 2005 through 2011. On June 5, 2013, the Company met with the HM Revenue & Customs (“HMRC”). During the third and fourth quarters of 2013, the Company sent HMRC additional information supporting its position. Currently, discussions with HMRC are ongoing and a res...
56
10K
2060
444
The costs we incur to adjust and pay claims, known as loss and loss adjustment expenses, are largely beyond our control and depend primarily upon the frequency and/or severity of claims made by our policyholders. One measure of performance in the insurance industry is the “loss ratio,” which is the ratio of (i) the sum...
91
10K
2742
577
Through our network of independent agents and affiliated MGAs, we underwrite select personal and commercial property and casualty insurance primarily for short-tail risks in Texas, Louisiana, Oklahoma and New Mexico. In addition, we manage insurance programs through five unaffiliated MGAs that target niche markets and ...
92
10K
SwissReAG-AR_2008
921
Committees of the Board of Directors The Board has delegated certain responsibilities, including the preparation and execution of its resolutions, to five committees: Audit Committee, Compensation Committee, Finance and Risk Committee, Governance Committee and Investment Committee. The Investment Committee was establis...
51
annual_report
TrygAS-AR_2007
396
The higher proportion of bonds was a result of new investments and a switch-over from equities to bonds.
18
annual_report
RSAInsuranceGroupPLC-AR_2019
192
The enthusiasm and passion displayed by our people during the Board site visits demonstrates the impact of our commitment to our people strategy, ‘Your Best U’. We know that it is vital to the long-term success of the Group that we invest in our people and that the Board sets and drives a good corporate culture. For fu...
79
annual_report
5763
795
During the year ended December 31, 2019 and year ended December 31, 2018, changes in shareholders' equity consisted of net income of $4,067,000 and net income of $779,000, respectively; dividends paid of $531,000 in 2019 and $505,000 in 2018; other comprehensive income of $4,013,000 in 2019 and other comprehensive loss...
98
10K
2894
1,272
named subsidiaries, and to extend the purchase option period for the substituted subsidiaries through 2005. CNA compensated Allstate for the postponement of its right to exercise the option and the reduced number of licenses in the substitute companies.
38
10K
NatixisSA-AR_2013
2,366
Minority interests include shares of minority interests in stakes held by Natixis.
12
annual_report
5838
1,108
Through our wholly owned F&G subsidiary, our U.S. insurance subsidiaries, FGL Insurance, Fidelity & Guaranty Life Insurance Company of New York ("FGL NY Insurance"), and Raven Re, file financial statements with state insurance regulatory authorities and the National Association of Insurance Commissioners (“NAIC”) that ...
178
10K
StorebrandASA-AR_2008
1,188
The reduction in EV from 31 December 2007 to 31 December 2008 amounted to NOK 5.2 billion, excluding dividends and other capital transfers. This represents a return of minus 20 percent on adjusted EV.
34
annual_report
gb_prudential-AR_2017
53
Our communities Prudential provides important benefits to society through our core business activities. In addition to these benefits, Prudential is a responsible business that invests in our local communities, which we strongly believe is in the interests of all our stakeholders.
41
annual_report
AegonNV-AR_2009
4,636
Reporting Standards as adopted by the European Union and with Part 9 of Book 2 of the Netherlands Civil Code.
20
annual_report
ASRNederlandNV-AR_2011
306
meeting customer demand for more opportunities for contacting insurers directly themselves and arranging more matters themselves on the spot.
19
annual_report
5469
914
The following tables set forth selected consolidated historical financial information of Conifer Holdings, Inc. and Subsidiaries as of the dates and for the periods indicated. The selected financial data for the years ended December 31, 2017, 2016, 2015, 2014 and 2013 were derived from our audited consolidated financia...
53
10K
4908
13,507
During the past several years, White Mountains’s board of directors authorized the Company to repurchase its common shares, from time to time, subject to market conditions. Shares may be repurchased on the open market or through privately negotiated transactions. The repurchase authorizations do not have a stated expir...
91
10K
RSAInsuranceGroupPLC-AR_2018
98
∙ Sustain a platform of fi nancial strength that enables our ambition
12
annual_report
RaiffeisenBankInternationalAG-AR_2011
611
The consolidated fi nancial statements are prepared by the Group Financial Reporting department, which reports to the Chief Financial Offi cer. The relevant responsibilities are defi ned Group-wide within the framework of a dedicated function.
35
annual_report
ScorSE-AR_2020
3,347
Expected loss US named storm based on AIR model 6.94% 5.46%
11
annual_report
LloydsBankingGroupPLC-AR_2012
2,003
integration Balanced Scorecard: The release of the remaining 50 per cent of the shares was dependent on the outcome of a Balanced scorecard of non-financial measures of the success of the integration in each of 2009, 2010 and 2011. The Balanced scorecard element was broken down into three equally weighted tranches. The...
86
annual_report
4571
645
As indicated in section (C) of the above table, the general insurance composite underwriting ratio for 2012 was up by single digits when compared with 2011. Higher loss costs for the aggregated commercial automobile (trucking), general liability, and workers' compensation coverages were most responsible for this uptren...
106
10K
ch_zurich_insurance_group-AR_2006
2,064
• Zurich’s Embedded Value and New Business Value have been properly compiled on the basis of the methodology and assumptions chosen by Zurich and are compliant with the CFO Forum Principles.
31
annual_report
de_allianz-AR_2017
2,700
The resulting total benefits for insurance and investment contracts in the amount of € 1,382 bn include contracts where the timing and amount of payments are considered fixed and determinable, and contracts which have no specified maturity dates and may result in a payment to the contract beneficiary, depending on mort...
91
annual_report
nl_ing_grp-AR_2011
1,405
Consolidated statement of changes in equity of ING Group for the years ended 31 December amounts in millions of euros Share capital Share premium Reserves
25
annual_report
2038
442
We arrange for the provision by others of the benefits included in the member programs. If the firms with which we have contracted to provide those benefits fail to provide them as required, or are negligent or otherwise culpable in providing them, or if it is determined that the level of benefits to which members are ...
73
10K
3111
908
Other strategic initiatives we are implementing to increase the effectiveness of our field strategy and improve risk selection include:
19
10K
4519
442
If the actual levels of loss frequency and severity are higher or lower than expected, the ultimate losses will be different than management’s best estimate. For most of its reserving classes, the Company believes that frequency can be predicted with greater accuracy than severity. Therefore, the Company believes manag...
122
10K
INGGroepNV-AR_2008
2,973
For allocation of Economic Capital to units and products, diversification factors are calculated for each risk type. These factors are applied consistently throughout ING Bank. The level of diversification benefit is dependent on both the inter-risk correlations as well as the relative size of the undiversified Economi...
53
annual_report
BeazleyPLC-AR_2016
2,345
Financial statem ents 31 Parent company and subsidiary undertakings continued The following is a list of group registered office locations: Address City Postcode Country United Kingdom and Continental Europe 60 Great Tower Street London EC3R 5AD England 2 Northwood Avenue Dublin 9 Ireland 22 Grenville Street Saint Heli...
146
annual_report
AegonNV-AR_2013
5,732
US-residents Residents of the United States that qualify for, and comply with the procedures for claiming benefits under, the Convention between the Kingdom of the Netherlands and the United States of America for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income 1992 ...
131
annual_report
AvivaPLC-AR_2013
3,294
(3,160) (1,010) Fair value (gains)/losses on: (1,713) (11,900) Depreciation of property and equipment 31 42 Equity compensation plans, equity settled expense 37 42 Impairment and expensing of: Goodwill on subsidiaries 48 109 Financial investments, loans and other assets 32 46 Acquired value of in-force business and int...
53
annual_report
AvivaPLC-AR_2005
1,003
From 1 January 2004, the date of first time adoption of IFRS, the Group is required to use the purchase method of accounting to account for the acquisition of subsidiaries. Under this method, the cost of an acquisition is measured as the fair value of assets given up, shares issued or liabilities undertaken at the date...
92
annual_report
StorebrandASA-AR_2013
1,339
Note 25 Remuneration to senior employees and elected officers of the company
12
annual_report
LloydsBankingGroupPLC-AR_2005
1,286
Equipment leased to customers under finance leases primarily relates to structured financing transactions to fund the purchase of aircraft, ships and other ‘big ticket’ items. The allowance for uncollectable finance lease receivables included in the allowance for impairment losses is £4 million (2004: £10 million).
45
annual_report
475
132
The Registrant owns three office buildings in downtown Minneapolis, Minnesota, which serve as its home offices. Space in the home office buildings not used by the Registrant is rented to other tenants. Northern, United Services and Bankers Security lease office space in downtown Seattle, Washington; Arlington, Virginia...
72
10K
4370
2,344
As part of the operational risk management framework, AIG has implemented a risk and control self assessment (RCSA) process. The RCSA process is used to identify key operational risks and evaluate the effectiveness of existing controls to mitigate those risks. Corrective action plans are developed to address any identi...
64
10K
PosteItalianeSpA-AR_2017
6,075
Section 8 – Net losses/recoveries on impairment – item 130 8.1 Net losses/recoveries on impairment of loans and advances: analysis
20
annual_report
StorebrandASA-AR_2005
535
At the start of 2006, Storebrand looks forward to particularly promising and exciting market conditions, both in terms of growth in business volumes and the pace of change. In terms of the financial markets, Storebrand’s risk management system will ensure that the group is fully prepared for any turbulence. Through its...
72
annual_report
5643
1,327
We have not yet determined the expected impact on our financial position or results of operations.
16
10K
de_allianz-AR_2015
1,127
Economic outlook1 At the beginning of 2016, the global economic picture is, broadly speaking, split between industrialized countries and emerging markets. On the one hand, economic activity in industrialized countries is likely to remain quite solid. In the United States, domestic demand looks set to firm up further. I...
253
annual_report
CNPAssurancesSA-AR_2012
206
leader in long-term care the high cost of long-term care and the limitations of social welfare programmes prompted CnP assurances to invest early on in developing insurance solutions for this risk. in the 1980s, we developed voluntary and compulsory participation group policies distributed by partner benefits instituti...
92
annual_report
4391
1,860
The following is a discussion of our results of operations, financial condition, and liquidity and capital resources as of and for the year ended December 31, 2011. This discussion should be read in conjunction with the Consolidated Financial Statements and related notes, under Item 8 of this Form 10-K.
49
10K
PosteItalianeSpA-AR_2019
1,493
Postal Savings With reference to Postal Savings, with the aim of improving the quality and efficiency of the offer to customers, the project aimed at providing 24-hour availability of the services available through ATM, APP and web channels was completed.
40
annual_report
4073
1,833
Asset accumulation vehicles primarily require a fixed rate payment, often for a specified period of time. Product examples include fixed rate annuities with a market value adjustment feature and fixed rate guaranteed investment contracts. The term to maturity of these contracts generally range from less than one year t...
93
10K
3683
689
Within the Institutional segment, the retirement & savings business consists of general account values of approximately $23.5 billion at December 31, 2008. About $22.5 billion of that amount is comprised of pension closeouts, other fixed annuity contracts without surrender or withdrawal options, as well as global GICs ...
91
10K
4484
725
The average invested asset base supporting this sub-segment was $5.9 billion, $5.6 billion and $5.1 billion for 2011, 2010 and 2009, respectively. The growth in the asset base in 2011 and 2010 was driven primarily by new business written on existing equity-indexed treaties. As of December 31, 2011, $4.2 billion of the ...
105
10K
5851
13,194
If we intend to sell a fixed maturity security or it is more likely than not that we will be required to sell a fixed maturity security before recovery of its amortized cost basis and the fair value of the security is below amortized cost, an other-than-temporary impairment has occurred and the amortized cost is writte...
114
10K
4157
1,097
Changes to the carrying value of identifiable intangible assets during 2010 and 2009 are as follows (in thousands):
18
10K
StandardLifeAberdeenPLC-AR_2009
744
Aggregate tax effect of items not recognised in income statement 27 (53)
12
annual_report
4668
683
Other expenses excludes costs related to implementation of new insurance regulatory requirements and acquisition and integration costs.
17
10K
NatixisSA-AR_2016
3,295
Wrong-way risk refers to the risk that Natixis’ exposure to a counterparty is heavily correlated with the counterparty’s probability of default.
21
annual_report
3103
6,612
Future maturities of long-term debt and subordinated debt securities are $64.6 million in 2007, $14.5 million in 2011, and $924.7 million in years after 2011.
25
10K
5582
1,525
Level 2 - Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or market standard valuation techniques and assumptions that use significant inputs that are observable or can be corroborated by observable market data for substa...
164
10K
2987
4,537
The changes in the DAC asset are summarized in the following tables.
12
10K
5256
2,465
In February 2016, Brighthouse Life Insurance Company received a capital contribution of $1.5 billion in cash from MetLife, Inc.
19
10K
StandardLifeAberdeenPLC-AR_2018
3,118
Total assets measured at fair value based on level 1 inputs 3,364 3,711 212 184 3,576 3,895 Assets measured at fair value based on level 2 or 3 inputs Derivatives 289 334 (6) – 283 334
36
annual_report
fr_axa-AR_2001
1,194
c • Item 5 (V5) 1/07/02 11:42 Page 72 Philippe Jobs Phil 1:JOBS 1:AXA:04-587-COB 2001:COB (US):
16
annual_report
5653
546
Operating expenses include employee compensation and benefits, interest expense, depreciation and amortization expenses and other expenses. For the year ended December 31, 2018, total employee compensation and benefits were $45.8 million, up $4.5 million, driven by increased compensation associated with warranty and pr...
157
10K
2801
698
Gross premiums ceded decreased $6.6 million, or 29.9%, to $15.5 million for the year ended December 31, 2004, from $22.1 million for the year ended December 31, 2003. The decrease due to the decline in our ceded quota-share reinsurance associated with our automobile insurance which totaled $20.5 million and was offset ...
66
10K