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RSAInsuranceGroupPLC-AR_2006
1,334
Assumptions used in calculation of income statement credit/charge in year: Expected return on: 83Royal & SunAlliance Annual Report & Accounts 2006
21
annual_report
2401
424
DAC and DSI amortization for variable annuity and life contracts is estimated using stochastic modeling and is significantly impacted by the return on the underlying funds. The Company's long-term expectation of separate accounts fund performance net of fees was approximately 8%. Whenever actual separate accounts fund ...
186
10K
3152
1,667
the extent (generally if greater than 20%) and the duration (generally if greater than six months) of the decline;
19
10K
NatwestGroupPLC-AR_2012
6,635
At 31 December 2012, there were 61 registered shareholders of Series F ADSs, 37 registered shareholders of Series H ADSs, 20 registered shareholders of Series L ADSs, 7 registered shareholders of Series M ADSs, 16 registered shareholders of Series N ADSs, 28 registered shareholders of Series P ADSs, 12 registered share...
84
annual_report
3996
1,015
The Company and its subsidiaries are subject at times to various claims, lawsuits and legal proceedings arising in the ordinary course of business. All legal actions relating to claims made under insurance policies are considered in the establishment of our loss and LAE reserves. In addition, regulatory bodies, such as...
93
10K
DirectLineInsuranceGroupPLC-AR_2020
1,264
Current external appointments – Managing Director of Boots UK, subsidiary of Walgreens Boots Alliance, Inc – Senior Vice President of Walgreen Boots
22
annual_report
TopdanmarkAS-AR_2011
565
of 22%, corporation tax rate of 25% and a pattern of exercise similar to Topdanmark's previous granting of share options, see IFRS 2 on share-based payments.
26
annual_report
2863
866
Deferred income tax balances reflect the impact of temporary differences between the tax bases of assets or liabilities and their reported amounts in our consolidated financial statements, and are stated at enacted tax rates expected to be in effect when the reported amounts are actually recovered or settled. Principal...
65
10K
NatixisSA-AR_2013
4,256
Through its principal shareholder BPCE, within the framework of the support plan to the fi nancial sector approved by the European Commission in 2008, Natixis indirectly receives inter-bank medium-term loans guaranteed by the transfer of full ownership of receivables meeting certain eligibility criteria. The transfer o...
98
annual_report
fr_axa-AR_2013
1,231
Adjusted earnings increased by €27 million to €32 million. On a constant exchange rate basis, adjusted earnings increased by €27 million driven by higher underlying earnings, partly offset by lower realized capital gains (€-4 million).
35
annual_report
5057
9,950
The following table presents a roll-forward of pre-tax credit losses recognized in earnings related to available-for-sale debt securities for which a portion of the OTTI was recognized in OCI.
29
10K
423
209
As of December 31, 1996, the Company's portfolio had $114.1 million in unrealized gains, compared to $78.7 million in 1995, resulting from increased stock prices as the S&P 500 index rose from 615.9 to 740.7 during the year. The weighted average fully taxable equivalent book yield of the portfolio was 6.7%, 6.9% and 6....
65
10K
StandardLifeAberdeenPLC-AR_2020
47
with the aftermath of the pandemic, the Board has concluded it should take this opportunity to rebase the dividend to a level from which it is confident the dividend can be grown in due course. This decision also reflects the Board’s assessment of opportunities to deploy the Group’s current capital strength in growth o...
70
annual_report
ch_zurich_insurance_group-AR_2018
404
General disclosures 102-1 Name of the organization AR inside front cover (ifc)
12
annual_report
5729
1,735
Logistics Leasing ("Logistics") was formed on July 26, 2017 for the purpose of acquiring and leasing small vehicles. The members of Logistics entered into an operating agreement under which the Company acquired a 50% membership interest in Logistics. The Company designates one of the two managers of Logistics. Major De...
122
10K
TopdanmarkAS-AR_2016
801
(DKK '000): Søren Thorup Sørensen 1,378 1,488 Torbjörn Magnusson 678 788 Jens Aaløse - 233 Ann-Jeanette Bakbøl 233 350 Tina Møller Carlsson 233 350 Mette Jensen 233 350 Birgitte Nielsen 525 525 Lone Møller Olsen - 233 Annette Sadolin 525 525
41
annual_report
NatixisSA-AR_2003
1,156
US market, providing the platform needed to compete effectively in the world's largest credit management services market.
17
annual_report
5094
1,200
In 2014 and 2015, management (regardless of geography) received RSUs that have time-based vesting requirements with equal and annual graded vesting over approximately three years subsequent to the grant date. Awards granted to management in 2014 (the “modified awards”) to provide for such awards to vest upon voluntary ...
111
10K
NatixisSA-AR_2008
2,857
Simultaneously, the worsening economic climate has increased the rate of default among borrowers. Furthermore, the interbank credit market is highly disrupted, as banking and fi nancial counterparties (which represent a very large part of the Group’s outstanding credit risks) carry a level of default risk that is both ...
54
annual_report
5668
1,004
A liability is contingent if the amount is not presently known, but may become known in the future as a result of the occurrence of some uncertain future event. We estimate our contingent liabilities based on management’s estimates about the probability of outcomes and their ability to estimate the range of exposure. A...
116
10K
5460
1,176
Gross Margins. DAC associated with the traditional participating products of our Closed Block is amortized over the expected lives of those contracts in proportion to estimated gross margins. Gross margins are defined as: i) amounts received from premiums, earned from investment of policyholder balances and other asses...
247
10K
5011
1,783
We have commitments to invest in additional limited partnership interests totaling $1.22 billion.
13
10K
5113
2,032
For disclosure purposes, the fair values of commercial mortgage loans were estimated using a discounted cash flow valuation. The valuation includes both observable market inputs and estimated model parameters.
29
10K
RSAInsuranceGroupPLC-AR_2018
368
· In 2018, the Group earned underwriting controllable cost ratio of 20.4% was 0.6% lower than 2017 and has improved by over 4 points1 since 2013.
26
annual_report
NatwestGroupPLC-AR_2018
2,623
Modification A modification occurs when the contractual cash flows of a financial asset are renegotiated or otherwise modified and the renegotiation or modification does not result in derecognition. A modification requires immediate recognition in the income statement of any impact on the carrying value and effective i...
72
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2018
52
Outside of Supervisory Board meetings, the Board of Management informed us promptly about important events in the Group, such as developments during the renewals of property-casualty reinsurance treaties, and the acquisition of the Internet of Things (IoT) technology firm relayr by our US subsidiary Hartford Steam Boil...
72
annual_report
RaiffeisenBankInternationalAG-AR_2017
5,957
Belarus Priorbank JSC V. Khoruzhey str. 31-A 220002 Minsk Phone: +375-17-28 9-9090 Fax: +375-17-28 9-9191 SWIFT/BIC: PJCBBY2X www.priorbank.by
18
annual_report
RaiffeisenBankInternationalAG-AR_2012
2,401
2012 2011 € 000 Fair value Carrying amount Difference Fair value Carrying amount Difference
14
annual_report
INGGroepNV-AR_2014
573
The SME lending market in Europe and within ING has always had challenges and the financial crisis has only exacerbated this situation. Banks have been challenged to serve this segment given the relatively small loan amounts, its heterogeneous nature, labour-intensive processing, and higher risk profile. The most press...
100
annual_report
Sampoplc-AR_2007
2,181
Cash and cash equivalents above equal those used in the statement of cash fl ows.
15
annual_report
NatixisSA-AR_2016
9,275
underlying of certain types of transactions not within the scope financing, Natixis ensures the same level of vigilance on the E&S Mindful of the great diversity of its transactions and client large for a dedicated assessment, or certain kinds of assets. for multiple purposes, transactions involving portfolios of asset...
70
annual_report
GjensidigeForsikringASA-AR_2010
1,610
Mortgage loans 11,016.4 8,904.7 other loans 773.3 461.9 provision for impairment losses (121.8) (21.6) impairment to fair value (31.2) (42.1) subordinated loans 8.3 9.6 loans for consumer goods 2,729.6 2,672.2 Bonds classified as loans and receivables 5,163.1 1,364.7 total loans and other receivables 19,537.8 13,349.5
45
annual_report
AegonNV-AR_2015
833
EU member states, and as a consequence do not need to be implemented into national legislation, such as in the Bpr Wft.
22
annual_report
AvivaPLC-AR_2017
3,938
(b) During 2017, a total of 57,724,500 ordinary shares of 25 pence each were cancelled and 8,867,985 were allotted and issued by the Company as follows: Number of shares Share capital £m
32
annual_report
1895
867
Change in accrued investment income (72 ) (57 ) (51 )
11
10K
RaiffeisenBankInternationalAG-AR_2014
2,243
The geopolitical crisis (occupation of Crimea, Ukrainian war, political sanctions to Russia) and other related market movements are the reason for the increased market risk, above all for the increase of the structural foreign currency risk (Ukrainian hryvnia and Russian rouble).
41
annual_report
1080
626
The Company reported a net loss of $27.5 million for the year ended December 31, 1998 after recording charges of $16.5 million related to loss contracts and divestiture costs, litigation and provider insolvency/impairment costs. This compares to a net loss of $25.1 million for 1997 which included charges of $9.0 millio...
58
10K
ASRNederlandNV-AR_2015
3,148
• European Association for Investors in Non-Listed Real Estate Vehicles (INREV)
11
annual_report
StandardLifeAberdeenPLC-AR_2015
796
The Company did not make any market purchases of its ordinary shares during the year ended 31 December 2015, and has not done so since then and up to the date of this report.
34
annual_report
4361
1,396
Loss and Loss Adjustment Expenses; Loss Ratio. Loss and loss adjustment expense increased $92.3 million, or 93.4%, to $191.1 million for the year ended December 31, 2010 from $98.8 million for the year ended December 31, 2009. Our loss ratio for the segment for the year ended December 31, 2010 increased to 63.0% from 5...
107
10K
Sampoplc-AR_2014
73
The focal point of Mandatum Life’s new business is unit-linked savings products, group pension insurance and risk insurance covering personal risks. For these, Mandatum Life has three sales channels in Finland: sales groups specialised in corporate sales, wealth managers focused on high-net-worth individuals and Danske...
67
annual_report
5886
323
It is anticipated that LIBOR will be discontinued no later than June 2023 and that one or more alternative rates will be used for derivatives contracts, debt investments, intercompany and third-party loans and other types of commercial contracts. We anticipate a valuation risk around the potential discontinuation event...
163
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2019
450
Amount of remuneration The level of the target overall direct remuneration for the individual members of the Board of Management is set by the full Supervisory Board, acting on recommendations from the Supervisory Board’s Remuneration Committee, and taking into account the responsibilities and performance of each membe...
163
annual_report
4848
964
Loss and loss expenses include both net paid losses and reserve changes for unpaid losses as well as the associated loss expenses. Most of the incurred losses and loss expenses shown in the consolidated property casualty insurance results three-year highlights table are for the respective current accident years, and re...
193
10K
5643
1,915
In 2009, a Pennsylvania-based insurance company and its affiliates were ordered into rehabilitation, and the Pennsylvania
16
10K
5441
680
Investments in limited partnership interests include interests in private equity funds, real estate funds and other funds. Where the Company’s interest is so minor that it exercises virtually no influence over operating and financial policies, investments in limited partnership interests are accounted for in accordance...
70
10K
AdmiralGroupPLC-AR_2005
629
Social security charges 2,782 2,406 Pension costs 490 399 Share scheme charges (see note 26) 1,247 308 ESOT credit – (4,452)
21
annual_report
4423
489
TLIC is primarily engaged in the business of marketing, underwriting and distributing a broad range of individual life and annuity insurance products to individuals in eight states primarily in the Midwest. TLIC’s current product portfolio consists of a modified premium whole life insurance policy with a flexible premi...
175
10K
3674
3,801
As discussed in Note 19, the Company writes credit derivatives under which the Company is obligated to pay the counterparty the referenced amount of the contract and receive in return the defaulted security or similar security. The Company’s maximum amount at risk under these credit derivatives, assuming the value of t...
74
10K
ASRNederlandNV-AR_2015
3,082
All new suppliers that were selected by Procurement have agreed to register with FIRA. Alternatively, they should be able to demonstrate that they have in place a sound environmental policy, for instance by having been awarded a quality mark for sustainable crash repairs. The suppliers have verified their policy and th...
71
annual_report
BeazleyPLC-AR_2019
1,830
1 Statement of accounting policies Beazley plc (registered number 09763575) is a company incorporated in England and Wales and is resident for tax purposes in the United Kingdom. The company’s registered address is Plantation Place South, 60 Great Tower Street, London EC3R 5AD, United Kingdom. The group financial state...
101
annual_report
PhoenixGroupHoldingsPLC-AR_2014
914
By way of information, the practical application of the policy explained in the preceding paragraph has been to set the total target package for each of the two Executive Directors at less than 90% of the FTSE 31-100 data set. While our Group Finance Director’s salary increased last year due to a strong performance, ne...
74
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2005
1,983
In the business year 2005, owner-occupied property of €2,139m (683m) was reclassified to the item “other assets”. The useful lives of the buildings were adjusted in the business year, owing to the first-time application of the component approach, and are now between 40 and 55 years (previous year: max. 50 years). The o...
62
annual_report
5347
972
In the ordinary course of our business, we have received and may continue to receive inquiries from state regulators relating to various matters. We have become, and may in the future become, involved in litigation in the ordinary course of our business. If we are found to have violated laws or regulations in any of th...
213
10K
5244
817
2016 versus 2015: Income tax expense was $2.6 million and $6.0 million for the years ended December 31, 2016 and 2015, respectively. Income tax expense is associated with the operations of Atrium 5 and AUL in the United Kingdom. The effective tax rates for the Atrium segment for the years ended December 31, 2016 and 20...
61
10K
SwissLifeHoldingAG-AR_2006
2,302
Investment contracts without discretionary participation 21 586 888 586 888 36 Commitments and Contingencies
14
annual_report
SwissReAG-AR_1987
528
Singapore SwissRe Advisers (Singapore) Re. Ltd. 24 Raffles Place No. 25-06A Clifford Centre, Singapore 0104
15
annual_report
NatwestGroupPLC-AR_2007
5,111
On 26 March 1997, 8 February 1999, 30 September 2004, 26 August 2004, 19 May 2005, 9 November 2005, 25 May 2006, 27 December 2006, 28 June 2007, 27 September 2007 and 4 October 2007 the company issued the following
40
annual_report
4998
1,359
At December 31, 2014, the U.S. insurance subsidiaries of the Company were restricted from making any dividend payments without regulatory approval pursuant to the domiciliary state insurance regulations.
28
10K
5702
639
partnerships resulting from the increase in the equity markets and an increase in invested assets in 2019 compared to 2018.
20
10K
5352
582
(2) Based on the total dividends declared on a share of common stock outstanding during the entire year.
18
10K
SwissReAG-AR_2012
785
The mix between proportional and non-proportional reinsurance changed only slightly in 2012. Based on gross written premiums (before intragroup retrocession), the share of proportional business increased to 61% in 2012, compared to 59% in 2011, mainly as a result of a large capital relief transaction written in 2012.
48
annual_report
NatwestGroupPLC-AR_2018
2,871
Risk appetite Risk Appetite defines the level and types of risk it is willing to accept in order to achieve its strategic objectives and business plans. RBS articulates its appetite for business risk through the implementation of qualitative risk appetite statements and quantitative risk measures at franchise and funct...
68
annual_report
PhoenixGroupHoldingsPLC-AR_2010
1,042
Insurance contract liabilities for non-participating business are calculated using either a net premium or gross premium method. Where a gross premium method is used, the liability includes allowance for prudent lapses. Negative policy values are allowed for on individual policies: – where there are no guaranteed surre...
73
annual_report
3334
1,186
In December, 2007, the FASB issued SFAS No. 141R, “Business Combinations” (“SFAS 141R”). Under SFAS 141R, as under SFAS No. 141, an acquiring entity will be required to recognize all the assets acquired and liabilities assumed in a transaction at the acquisition-date fair value with limited exceptions. Statement 141R w...
191
10K
4554
644
whereby the Company recognizes profits or losses primarily from the spread between the investment income earned and the interest credited on the underlying deposit liabilities, as well as fees associated with variable annuity account values.
35
10K
RaiffeisenBankInternationalAG-AR_2019
3,421
The Group Risk Committee is the most senior decision-making body for all the Group’s risk-related topic areas. It decides on the risk management methods and on the control concepts used for the overall Group and for key subdivisions, and is responsible for ongoing development and implementation of methods and parameter...
117
annual_report
5147
1,882
Ceded premiums earned under the Florida Hurricane Catastrophe Fund (“FHCF”) agreement were $13 million, $11 million and $16 million in 2015, 2014 and 2013, respectively. There were no ceded losses incurred in 2015, 2014 or 2013. The Company has access to reimbursement provided by the FHCF for 90% of qualifying personal...
104
10K
3473
1,419
Estimating our loss and LAE reserves is an ongoing process. Our loss and LAE reserves represent our best estimate of the ultimate future payments associated with losses and related expenses net of salvage (the amount we recover from property that becomes ours after we pay for a total loss) and subrogation (our right to...
96
10K
4947
1,387
The NAIC has RBC requirements that require insurance companies to calculate and report information under a risk-based formula, which measures statutory capital and surplus needs based upon a regulatory definition of risk relative to the company’s balance sheet and mix of products. As of December 31, 2014, each of our i...
122
10K
5252
1,496
Included in losses and loss adjustment expense for the year ended December 31, 2014 was $5.7 million in catastrophe losses for storm activity in the United States. Included in losses and loss adjustment expenses was $1.7 million in net favorable loss reserve development on prior accident years, primarily attributable t...
87
10K
gb_prudential-AR_2012
1,565
The 2010 Group Performance Share Plan awards, which have a performance condition of relative total shareholder return, will therefore be released in full.
23
annual_report
3003
1,058
The Company believes that the transactions described above did not cause a greater than 50 percentage point ownership shift, thus Section 382 did not apply and impose a § 382 Limitation on our net operating loss carryforwards for federal income tax purposes. However, the transactions described above did result in a sub...
76
10K
NatwestGroupPLC-AR_2020
4,723
Judgment - NatWest Group has considered the carrying value of deferred tax assets and concluded that, based on management’s estimates, sufficient taxable profits will be generated in future years to recover recognised deferred tax assets.
35
annual_report
5150
643
Accounting guidance (a) requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability and (b) resulting in reclassification of its debt issuance costs from other assets to long-term debt, was adopted and ...
57
10K
5371
2,456
As a result of the comprehensive external studies and internal review of A&E exposures discussed under “Uncertainties - Asbestos and Environmental-related (“A&E”) Insurance Reserves,” AFG’s holding companies and other operations outside of its insurance operations recorded non-core special charges of $24 million in 201...
185
10K
5258
2,039
To the extent that unrealized gains on fixed income securities would result in a premium deficiency had those gains actually been realized, a premium deficiency reserve is recorded for certain immediate annuities with life contingencies. A liability is included in the reserve for life-contingent contract benefits with ...
85
10K
NatixisSA-AR_2003
1,373
– At EUR65 million, NBI for the own funds activity represents 79% of the total for the division. The increase recorded in 2003 (+ 66%) is primarily attributable to the reduction in risk charges (down by 56%), rather than net capital gains realized (31% lower than 2002 levels). Unrealized capital gains rose 37%, amounti...
76
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014
1,708
Unless otherwise stated, all standards or amendments to standards that have not yet entered into force will be applied by Munich Re for the first time as from the mandatory effective date for entities domiciled in the European Union.
39
annual_report
BaloiseHoldingLtd-AR_2007
3,989
Total members of the Corporate Executive Committee previous year (without pension benefi ts) 5,475,475 in CHF
16
annual_report
BaloiseHoldingLtd-AR_2017
777
6. SHAREHOLDER PARTICIPATION RIGHTS Voting rights The share capital of Bâloise Holding consists solely of registered shares. Each share confers the right to one vote. No shares carry preferential voting rights. To ensure a broad-based shareholder structure and to protect minority shareholders, no shareholder is registe...
162
annual_report
5452
704
Total investment income increased in 2017 driven by higher net investment income and realized investment gains, offset by lower earnings from limited partnership investments. Total investment income decreased in 2016 primarily due to lower earnings generated from limited partnership investments.
40
10K
5436
1,317
Our capital management framework is primarily based on statutory RBC measures. The RBC ratio is a primary measure of the capital adequacy of the Company. RBC is calculated based on statutory financial statements and risk formulas consistent with the practices of the National Association of Insurance Commissioners (“NAI...
220
10K
gb_prudential-AR_2006
3,186
Reflecting previous UK GAAP basis of provisioning 16,122 (7,807) (8,315) (16,122)
11
annual_report
3848
1,257
(2) On November 3, 2005, we issued $100 million of 6.70% Senior Notes due 2035. These notes were issued at a discount of $0.7 million resulting in an effective yield of 6.754% and pay interest on May 1 and November 1 each year commencing on May 1, 2006. Net proceeds of approximately $50 million were used to fund an irr...
167
10K
LloydsBankingGroupPLC-AR_2011
917
Profit before tax and fair value unwind decreased to £2,797 million, a reduction of 3 per cent compared to 2010, driven by higher funding costs and the muted demand for credit.
31
annual_report
4448
1,405
The estimated amount of VOBA amortization expense, net of interest, is $8.7, $5.9, $8.2, $7.9 and $7.6, for the years 2012, 2013, 2014, 2015, and 2016, respectively. Actual
28
10K
3597
1,754
The state of domicile of each of the Company’s domestic insurance subsidiaries imposes minimum risk-based capital requirements that were developed by the NAIC. The formulas for determining the amount of risk-based capital specify various weighting factors that are applied to financial balances and premium levels based ...
123
10K
NatixisSA-AR_2016
8,460
the assets and liabilities allocated to these institutional The State and other related creditors have a specific right over
19
annual_report
4668
1,009
Loans to affiliates are stated at unpaid principal balance, adjusted for any unamortized premium or discount.
16
10K
5731
799
Other income was $34.8 million in 2019, broadly consistent with other income of $36.0 million in 2018.
17
10K
2118
1,326
The Company’s domestic insurance subsidiaries prepare statutory-basis financial statements in accordance with the accounting practices prescribed or permitted by their respective state’s department of insurance, which is a comprehensive basis of accounting other than GAAP.
35
10K
3448
1,312
See Note 5-"Investments" of the accompanying consolidated financial statements for White Mountains' analysis of impairment losses on investment securities.
19
10K
NatwestGroupPLC-AR_2018
894
As you will have seen earlier in the report, I retire as a director of the Group at the forthcoming AGM and after 9 years as Chairman of the GAC I will be succeeded by Patrick Flynn who has been a valuable member of the GAC since June 2018.
49
annual_report
fr_axa-AR_2017
286
AXA Assistance is the Group subsidiary providing its customers with assistance services in emergencies and everyday situations. AXA Assistance operates through four business lines (Vehicle, Travel, Health and Home) to off er customer focused services.
35
annual_report
1388
567
o Various consulting fees we may charge incident to the studies we perform in the development of a specific benefit program;
21
10K
5672
820
The corporate segment reports the financial information related to our clean energy and other investments, our debt, certain corporate and acquisition-related activities and the impact of foreign currency translation. See Note 14 to our 2019 consolidated financial statements for a summary of our investments at December...
81
10K
4599
1,452
As part of our annual goodwill impairment testing, we noted that our long-term care insurance reporting unit’s fair value was less than its book value. If fair value is lower than book value, the reporting unit’s fair value is allocated to assets and liabilities as if the reporting unit had been acquired in a business ...
147
10K
2775
586
Operating expenses. Total operating expenses in 2004 increased by 29.5% to $62.8 million from $48.5 million in 2003. The increase was due primarily to the increase in underwriting expenses resulting from the growth in premiums earned in TICNY and produced by TRM, costs related to the OneBeacon transaction including est...
78
10K
5732
879
Fixed assets are stated at cost, less accumulated depreciation. Included in this category are certain capitalized costs incurred during the application development stage related to directly obtaining, developing, or enhancing internal use software. Depreciation and amortization are computed using the straight-line meth...
55
10K