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1484
464
The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP), which, for the insurance company subsidiaries, differ in certain material respects from the accounting practices prescribed or permitted by insurance regulatory au...
157
10K
4500
3,697
On December 18, 2001, the date of demutualization, Prudential Holdings, LLC (“PHLLC”), a wholly-owned subsidiary of Prudential Financial, issued $1,750 million in senior secured notes (the “IHC debt”). PHLLC owns the capital stock of Prudential Insurance and does not have any operating businesses of its own.
46
10K
5108
2,303
Between January 1, 2016 and February 24, 2016, a total of 1,046,299 service-based restricted stock units and 121,278 performance-based restricted stock units were approved for grant. Included in the total restricted stock awards approved for grant subsequent to December 31, 2015 were 495,195 awards which will be settle...
52
10K
RSAInsuranceGroupPLC-AR_2010
2,824
There have been no defaults on any of the bonds or notes during the year. The Group has the option to defer interest payments on the bonds and notes but to date has not exercised this right.
37
annual_report
HelvetiaHoldingAG-AR_2003
1,150
The amount of hazardous waste for disposal experienced also a decline.
11
annual_report
gb_prudential-AR_2013
801
In addition to its net core structural borrowings of shareholder-financed operations set out above, the Group has access to liquidity via the debt capital markets and has in place an unlimited global commercial paper programme. As at 31 December 2013, we had issued commercial paper under this programme totalling £175 m...
58
annual_report
2425
1,108
Net realized investment gains were $38 million in 2003, compared with $147 million in 2002. Net realized investment gains included $90 million of impairment charges in 2003, compared with $284 million in 2002.
33
10K
3552
2,091
In addition, in connection with the IPO, XLFA has agreed with certain of the rating agencies that, until the second anniversary of the effective date of the IPO it will not declare or grant dividends on its common stock without the prior consent of those rating agencies, other than to fund certain parent holding compan...
111
10K
4985
1,798
Under the facilities, we provide collateral that may consist of equity securities, repurchase agreements, restricted cash, and cash and cash equivalents. As of December 31, 2014, total cash and cash equivalents with a fair value of $219.0 million (December 31, 2013 - $100.6 million) were pledged as security against the...
170
10K
PowszechnyZakladUbezpieczenSA-AR_2020
646
ECS may be managed and operated only by companies entered in the records kept by the Polish Development Fund. As at the end of December 2020, there were 20 such institutions: 16 TFIs, 3 PTEs and 1 ZU (Towarzystwo Ubezpieczeń na Życie).
42
annual_report
1849
1,271
Consolidated Statements of Stockholders' Equity Years Ended December 31, 2001, 2000 and 1999 (in Millions)
15
10K
4550
2,272
The recognition of a reinsurance recoverable asset requires two key judgments. The first judgment involves our estimation based on the amount of gross reserves and the percentage of that amount which may be ceded to reinsurers. Ceded IBNR, which is a major component of the reinsurance recoverable on unpaid losses and l...
157
10K
gb_prudential-AR_2015
2,724
The Group does not regularly seek to apply fair value or cash flow hedging treatment under IAS 39. The Group has no fair value and cash flows hedges under IAS 39 at 31 December 2015 and 2014.
37
annual_report
3012
488
FASB Interpretation No. 48 (FIN 48), Accounting for Uncertainty in Income Taxes, an interpretation of Statement of Financial Accounting Standard No. 109 (SFAS 109), was issued in June 2006. FIN 48 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements in accordance w...
162
10K
5153
1,229
A $101 million, net of income tax, increase in the litigation reserve related to asbestos
15
10K
ScorSE-AR_2019
306
The analyses and risk projections produced with the support of chapters are used by SCOR Global Life’s teams to advise their clients on the implementation and monitoring of their life and health insurance products.
34
annual_report
INGGroepNV-AR_2009
1,992
– designated as at fair value through profit and loss 703 232 829 2,057 2,154 2,302 8,277 Investments
18
annual_report
ScorSE-AR_2012
2,582
5. With SCOR Global Life SE Related Persons Mr. Denis Kessler as Chairman and Chief Executive Officer of SCOR SE and as Chairman of the board of directors of SCOR Global Life SE.
33
annual_report
5260
532
Net realized investment gains is comprised of the gains and losses from the sales of investments. Net realized investment gains for the year ended December 31, 2016 were $1.2 million compared to $455,000 for the year ended December 31, 2015. This increase resulted primarily from gains on the sale of state/political sub...
61
10K
1813
308
c. Insurance Premium Financing Operations ------------------------------------------ Premium finance interest is charged to policyholders who choose to finance insurance premiums. Interest is charged at rates that vary with the amount of premium financed. Premium finance interest is recognized using a method which appr...
46
10K
TrygAS-AR_2017
1,455
Proposed dividend per share is calculated as the total dividend proposed by the Supervisory Board after the end of the financial year divided by the total number of shares at the end of the year (302,147,991 shares). The dividend is not paid until approved by the shareholders at the annual general meeting.
52
annual_report
5439
3,354
Radian Asset Assurance, Radian Group’s former financial guaranty subsidiary, was accounted for as a discontinued operation as of December 31, 2014, based on the applicable terms of the Radian Asset Assurance Stock Purchase Agreement. Pursuant to the agreement, on April 1, 2015, Radian Guaranty completed the sale of 100...
81
10K
2129
3,592
We have commitments in two venture capital fund investments. These investments are made in limited partnerships and our exposure to loss is limited to our actual investment. One limited partnership investment required a commitment by us to invest up to $50.0 million into the partnership. As of December 31, 2003, we hav...
116
10K
NatixisSA-AR_2018
3,688
Amount of qualifying items referred to in Article 484 (4) and the related share premium accounts subject to phase out from AT1 370 486 (3)
25
annual_report
ASRNederlandNV-AR_2019
2,181
In December 2019, a.s.r. established the final acquisition balance sheet of Loyalis, in accordance with IFRS 3 business combinations, within twelve months of the closing date. The balance sheet is based on fair value and uses the following techniques and assumptions: • Liabilities arising from insurance contracts were ...
177
annual_report
BaloiseHoldingLtd-AR_2002
1,086
Accumulated amortization and write-downs - 431.5 60.9 – - 117.6 - 488.2 in CHF m
15
annual_report
5571
2,675
We manage direct and indirect investment exposure in the selected countries and the energy sector through fundamental credit analysis and we continually monitor and adjust our level of investment exposure. We do not expect that our general account investments in these countries or the energy sector will have a material...
60
10K
2279
611
During the year ended December 31, 2003, $9.2 million was used for acquisitions and $4.4 million was used for purchases of equipment.
22
10K
gb_prudential-AR_2008
2,518
Note D3(d) below shows fair value of certain structured debt securities of Jackson when the markets are not active due to market illiquidity.
23
annual_report
NatwestGroupPLC-AR_2014
2,455
accounting policies, shows the underlying performance of RBS which excludes certain reconciling items. Information is provided in this form to give a better understanding of the results of RBS operations.
30
annual_report
NatixisSA-AR_2011
6,434
COFACE AUSTRIA Credit insurance and related services FC 100 100 100 100 Austria
13
annual_report
BaloiseHoldingLtd-AR_2002
228
Workforce* Number of employees 3,944 3,976 0.8 * incl. corporate functions
11
annual_report
5868
3,332
•Annuity benefits - unfavorable impact of $140 million in 2020 and $11 million in 2019.
15
10K
TrygAS-AR_2009
1,171
Executive Management. In addition, the Supervisory Board reviews and approves the rules of procedure of the Supervisory Board and the Executive Management each year to ensure they are aligned with TrygVesta’s requirements. The
33
annual_report
4281
1,517
From July 1, 2010, the date of acquisition, through December 31, 2010, OBPL contributed revenue and earnings to the Company from its acquisition date as follows:
26
10K
AdmiralGroupPLC-AR_2013
543
Profi t Focus > Confused.com’s profi t before tax increased 19% to £21.7 million (2012: £18.2 million)
17
annual_report
4956
802
a geographic concentration resulting from the fact that, though we now operate in eight states, we still write approximately 74% of our premium in Florida
25
10K
INGGroepNV-AR_2017
816
The overall amount of risk that ING is willing to take is set out in the Risk Appetite Framework and the NonFinancial Risk Framework. Within these frameworks, we monitor a range of risk metrics to make sure that our risk profile is in line with our appetite for risk. The Risk Appetite Framework, which is approved by th...
130
annual_report
HiscoxLtd-AR_2020
1,728
Current tax 30.4 62.0 Trade and other payables 24 1,335.6 1,420.3 Total liabilities 11,502.3 10,361.1 Total equity and liabilities 13,856.2 12,550.8
21
annual_report
1149
321
Common Participating Total ------ ------------- ----- Balance, December 31, 1996 $ 9,417 $14,903,636 $14,913,053
14
10K
2887
559
Selling, general, and administrative expenses increased $17.2 million, or approximately 34%, from $50.6 million for the fiscal year ended June 30, 2004 to $67.8 million for the fiscal year ended June 30, 2005. Included in selling, general and administrative expenses for the fiscal year ended June 30, 2004 were approxim...
287
10K
5824
3,125
The following table presents the composition of White Mountains’s other long-term investments portfolio as of December 31, 2020 and 2019:
20
10K
5733
730
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial s...
86
10K
ch_zurich_insurance_group-AR_2015
2,264
Fair value hedges: Cross currency interest rate swaps – – – – – – 330 8 –
17
annual_report
Sampoplc-AR_2011
139
Initiatives’ theme, a top management training program has been launched in cooperation with London Business School. It is aimed at
20
annual_report
2826
2,746
The Company, along with a number of other insurance companies, received formal requests for information from the State of New York Attorney General’s Office (NYAG), the Securities and Exchange Commission (SEC), the Connecticut Attorney General’s Office, the Massachusetts Office of the Attorney General, the Department o...
247
10K
4415
1,819
General and Administrative Expenses. General and administrative expenses increased by $0.8 million, or 52.2%, for the year ended December 31, 2011 compared to the same period in 2010. The general and administrative expense ratio also increased to 0.4% for the year ended December 31, 2011 as compared to 0.3% for the yea...
88
10K
Sampoplc-AR_2013
535
(d) Other Benefits Sampo Group’s benefit packages shall reflect the conditions in relevant labor markets.
15
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2009
875
// Return on risk-adjusted capital (RORAC) of 15.1% after tax // Proposed dividend increase to €5.75 (5.50) per share
19
annual_report
4859
1,314
The Company utilizes general corporate catastrophe treaties with unaffiliated reinsurers to help manage its exposure to losses resulting from catastrophes and protect its capital. In addition to the coverage provided under these treaties, the Company also utilizes catastrophe bonds to protect against hurricane losses i...
111
10K
3070
715
In addition, the Company has used reinsurance to effect the acquisition or disposition of certain blocks of business. As of December 31, 2006, the Company had reinsurance recoverables of $1.49 billion due from Prudential related to the disposal of substantially all of its variable annuity business that was effected thr...
166
10K
Sampoplc-AR_2020
3,347
Advantage made no direct use of derivatives during the period. Derivatives are, however, utilized within
15
annual_report
fr_axa-AR_2001
4,253
In addition and in connection with Alliance Capital’s acquisition of Sanford C. Bernstein in October 2000, AXA
17
annual_report
1328
428
The Company's international operations focus marketing efforts on foreign nationals in upper socioeconomic classes with substantial financial resources. Insurance sales are from countries in Central and South America, the Caribbean, and the Pacific Rim. Marketing to numerous countries in these different regions provide...
99
10K
2741
6,264
Of the $119.7 million gross unrealized investment losses on the fixed income and short term investments portfolio at December 31, 2004, approximately $45.2 million related to corporate fixed income securities. Within the corporate fixed income securities, approximately 43.8% of the losses were in the financial sector, ...
133
10K
2785
71
DAC amortization for variable annuity and life contracts is estimated using stochastic modeling and is significantly impacted by the anticipated return on the underlying funds. Our long-term assumption of separate accounts fund performance, net of fees, was approximately 7% in 2005 and 8% in 2004 and 2003. Whenever act...
137
10K
2510
1,882
The following table provides an analysis showing the estimated after-tax change in the fair value of Property & Casualty’s fixed income investments and related derivatives, assuming 100 basis point upward and downward parallel shifts in the yield curve as of December 31, 2004 and 2003. Certain financial instruments, su...
78
10K
GjensidigeForsikringASA-AR_2014
2,054
General terms Regulatory regulation CRD IV Solvency II Regulatory call Yes Yes
12
annual_report
TrygAS-AR_2012
631
Each year, the Supervisory Board reviews the rules of procedures for the Supervisory Board and the Executive Management with relevant guidelines and instructions describing reporting requirements and requirements for communication with the Executive Management.
34
annual_report
4948
1,405
Losses and loss adjustment expenses for the year ended December 31, 2013 included $16.5 million in catastrophe losses primarily attributable to Canadian and European floods and the German hailstorm. Loss reserve development on prior accident years was negligible.
38
10K
5911
782
(1)Includes dividend equivalents due to employees who hold performance share units or restricted share units which are subject to time-vesting conditions.
21
10K
4757
951
Our loss and LAE reserves are our best estimate of our ultimate liability for unpaid claims. We re-evaluate our estimates on an ongoing basis, including all prior period reserves, taking into consideration all available information and, in particular, recently reported loss claim experience and trends related to prior ...
64
10K
HannoverRueckSE-AR_2010
743
EUR 284.4 million. The previous year, which produced a record result of EUR 374.7 million, had been influenced by special effects associated with the acquisition of the US ING
29
annual_report
4207
1,476
Includes $17 million in realized gains representing the change in fair value of AFG’s CLO investments plus $15 million in CLO management fees earned.
24
10K
5871
751
Limited Partnership Investments. The valuation of our limited partnership investments is prepared by the general partner of each fund. We use net asset value (“NAV”) provided by the general partner to estimate our share of the fair value of these investments. However, the timing of the delivery of the fund’s financial ...
143
10K
3464
9,145
There were no investments (other than U.S. Treasury Notes) that exceeded 10% of Shareholders' Equity at December 31, 2007 or 2006. An AFG subsidiary held collateral for securities on loan of approximately $139 million and $159 million at December 31, 2007 and 2006, respectively; fair value of securities loaned (plus ac...
62
10K
5738
2,034
•The Asset Protection segment markets extended service contracts, GAP products, credit life and disability insurance, and other specialized ancillary products to protect consumers’ investments in automobiles and recreational vehicles. GAP covers the difference between the loan pay-off amount and an asset’s actual cash ...
71
10K
NNGroupNV-AR_2015
658
In our dealings with suppliers throughout 2015, our procurement department focused even more on sustainable and professional relationships in the supply chain via contract and vendor management. Our relationship with suppliers is based on cooperation and trust, and we aim to work together in a mutually beneficial way. ...
61
annual_report
SwissReAG-AR_2015
1,687
To develop a sustainable product that meets actual needs, the scheme has pursued a holistic approach from the beginning, involving all key stakeholders in a public-private partnership. stakeholders include various government ministries, the Vietnam National reinsurance Corporation (in the role of aggregator and bridge ...
84
annual_report
GjensidigeForsikringASA-AR_2020
2,701
Interest cost 45.2 12.3 57.6 59.8 15.1 75.0 Actuarial gains and losses 241.7 120.4 362.1 146.5 62.5 209.0 Benefits paid (117.0) (34.5) (151.5) (112.9) (34.5) (147.4) Employers' national insurance contributions of benefits paid (17.6) (6.4) (23.9) (26.9) (6.3) (33.2)
39
annual_report
AvivaPLC-AR_2020
2,565
Any subsequent increase in fair value of these impaired securities is recognised in other comprehensive income and recorded in the investment valuation reserve.
23
annual_report
fr_axa-AR_2008
764
Net investment result excluding financing expenses (b) (�0,578) 21,857 28,198 28,656
11
annual_report
gb_prudential-AR_2010
1,552
The levels of SCV growth required for vesting of outstanding BUPP awards are set out in the table below. The SCV growth rates required in Prudential’s business regions vary to reflect the relative maturity of each market and business environment.
40
annual_report
nl_ing_grp-AR_2015
380
Still, we keep striving to do better. Examples in 2015 include strengthening our coal policy by deciding to end our financing of new coal-fired plants and thermal coal mines worldwide, and tightening our defence policy.
35
annual_report
SwissLifeHoldingAG-AR_2009
3,617
Rolf Dörig, Group CEO until 08.05.2008, BoD Delegate from 09.05.2008 13 870
12
annual_report
5781
978
Certain reinsurance agreements require FNIC to secure the credit, regulatory and business risk. Fully funded trust agreements securing these risks totaled less than $0.1 million as of December 31, 2019 and 2018.
32
10K
1994
476
12. Earnings (loss) per share ------------------------- The following table sets forth the computation of basic and diluted earnings per share:
20
10K
5534
1,553
During 2018 and 2017, 62,134 and 490,557 shares, respectively, were purchased by the Company for settling awards under the Company’s long-term incentive plans.
23
10K
1264
508
The property and casualty segment is comprised of the following operating units of CNA: Agency Market Operations; Risk Management; Specialty Operations; Global Operations; and CNA Re. Property and casualty operations continue to feel the impact of the extremely competitive environment in commercial insurance. Additiona...
62
10K
2143
1,047
The majority of our branch offices are leased from third parties. We own the remaining branch offices. See Note J to Notes to Consolidated Financial Statements.
26
10K
2208
1,443
Fixed maturities and equity securities are classified as available-for-sale. Available-for-sale securities are carried at fair value, with the unrealized gains and losses, net of tax, reported in accumulated other comprehensive income, a separate component of shareholders’ equity. The amortized cost of fixed maturities...
62
10K
AegonNV-AR_2016
1,399
Aegon adhered to its strict pricing policy in the low interest rate environment. �� New life sales in Strategic partnerships were up 31% to
24
annual_report
NatixisSA-AR_2014
4,349
Consolidated fi nancial statements and notes backdrop against which Natixis Assurances does business, as well as the normalization of margins established in accordance with the general conditions of insured contracts.
30
annual_report
3667
1,255
insurance for attorneys in Indiana, Michigan and Ohio since 1995. We have publicly stated our intention to double our premiums from this line of business to $20 million, and we expect Georgia Lawyers to help us achieve that goal. Georgia Lawyers wrote approximately $5.7 million of direct written premium in 2008, and in...
81
10K
ScorSE-AR_2011
1,584
Monica Mondardini, an Italian citizen, holds a degree in Economic and Statistical Sciences from the University of
17
annual_report
3103
2,597
The Company has reduced its reliance on reinsurance for newly written traditional life products by moving towards a securitization structure under which profitability is not expected to emerge immediately after the business is written. In addition, older, more profitable traditional life policies continue to run off in...
85
10K
NatixisSA-AR_2009
3,407
(b) Shareholder advances: see Note 12 “Capital management and capital adequacy”.
11
annual_report
TrygAS-AR_2008
178
(ALM), which is used for calculating the individual solvency needs, and has establish its own risk environment.
17
annual_report
ScorSE-AR_2012
5,443
(1) Rent guarantee given by HSBC, collateralized by pledged securities 15.2 COMMITMENTS GIVEN AND RECEIVED IN RESPECT OF HYBRID TRANSACTIONS
20
annual_report
4256
1,555
As of December 31, 2010, structured credit securities with gross unrealized losses representing greater than 50% of amortized cost accounts for $83.5 million of gross unrealized losses, with a fair value of $43.0 million. Of these gross unrealized losses, $10.2 million are rated investment grade. The Company has evalua...
111
10K
3661
2,227
For products introduced in 2008, claim payments are considered incurred on the date the service is rendered, regardless of whether the sickness or accident is distinct or the same. This is consistent with the assumptions used in the pricing of these products, which represent less than 10% of the total claim liability o...
60
10K
TrygAS-AR_2018
330
TryghedsGruppen’s member bonus In June, Tryg’s majority shareholder TryghedsGruppen, paid out a member bonus for the third year running. The bonus corresponds to 8% of the premium paid to Tryg in 2017, or the payout of DKK 720m in total to TryghedsGruppen’s members and Tryg’s Danish customers.
47
annual_report
NatwestGroupPLC-AR_2005
2,921
No. of Per share No. of Per share Income* shares amount Income* shares amount £m million pence £m million pence
20
annual_report
LloydsBankingGroupPLC-AR_2013
5,639
Accident year estimate of ultimate claims costs: At end of accident year 317 205 639 609 446 421 349 2,986
20
annual_report
177
481
The anticipated effect of inflation is implicitly considered when estimating liabilities for losses and loss expenses. While anticipated price increases due to inflation are considered in estimating the ultimate claim costs, the increase in average severities of claims is caused by a number of factors that vary with th...
68
10K
BaloiseHoldingLtd-AR_2008
538
The Audit Committee supports the Board of Directors in those supervisory and financial duties that cannot be delegated (Article 716a Swiss Code of Obligations), by evaluating the organisational structure and the functioning of internal
34
annual_report
907
419
The overall average interest assumption for determining the liability for future life and health insurance benefits in 1998 was 6.2%.
20
10K
GjensidigeForsikringASA-AR_2019
431
Transition risks – threats and opportunities • Threat: New risks arise as a result of the green transition, and because it is difficult to identify more long-term consequences of the green transition
32
annual_report
TopdanmarkAS-AR_2019
1,079
Operating expenses Technical operating expenses which relate, either directly or indirectly, to the acquisition and renewal of the
18
annual_report
NatixisSA-AR_2014
4,746
Instruments measured using level 2 inputs also include: V securities that are less liquid than those classified as Level 1, whose fair value is determined based on external prices put forward by a reasonable number of active market makers and which are regularly observable without necessarily being directly executable ...
268
annual_report