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5195
1,074
While management believes the amounts included in the consolidated financial statements are adequate, such estimates may be more or less than the amounts ultimately refunded. The estimates are continually reviewed by management, and any changes are reflected in current operations.
40
10K
1829
485
The Company establishes liability reserves for claims and claims expenses that have been reported but not paid and claims and claims expenses that have been incurred but not reported under its reinsurance contracts. These liability reserves are developed using actuarial principles and assumptions which consider a numbe...
69
10K
RSAInsuranceGroupPLC-AR_2012
3,051
Committee may defer a portion of an individual’s gross bonus (limited to 33% of that bonus) into an award over shares referred to for the purpose of the plan as Compulsory Deferred Shares. Voluntary Deferred Shares are held in trust for three years. Compulsory Deferred
45
annual_report
NatwestGroupPLC-AR_2008
2,606
Company 0-3 months 3-12 months 1-3 years 3-5 years 5-10 years 10-20 years 2008 £m £m £m £m £m £m
20
annual_report
712
259
Net Income . . . . . . . . . . . . . $ 7.8 $ 15.4 $ 17.6 Income from Operations-Excluding Amortization of Intangibles. . . . . . $ 31.6 $ 34.1 $ 28.1
38
10K
INGGroepNV-AR_2017
165
Read more in the ‘Our strategy and how we create value’ chapter about innovation.
14
annual_report
StandardLifeAberdeenPLC-AR_2016
577
Total AUA increased by 64% to £4.6bn reflecting favourable market movements, including the benefit from a lower Sterling exchange rate. HDFC Life’s AUA increased to £3.4bn (2015: £1.8bn). £0.8bn of the increase reflects our higher share of HDFC Life AUA following our stake increase in April 2016.
47
annual_report
SwissLifeHoldingAG-AR_2007
2,633
Eaux-Vives 2000, Zürich Ins. CH 100.0% 100.0% full CHF 1 000
11
annual_report
4543
1,149
During 2012, we decreased our allocation to global equities, mainly due to sales of exchange traded funds (“ETFs”) which were originally introduced to our portfolio in 2011 to provide highly liquid and cost efficient exposure to the global equity markets. The proceeds from these sales were reinvested in high yield corp...
55
10K
ch_zurich_insurance_group-AR_2018
279
We already know that every USD 1 invested in prevention saves on average USD 5 in future losses. We want to provide further proof that our approach aimed at resilience works. By documenting the success we achieve, we will support our case for investing in resilience, encouraging investment from public authorities, and ...
56
annual_report
TopdanmarkAS-AR_2009
77
The claims trend was adversely impacted by price cuts of DKK 140m in workers’ compensation and motor insurance generating a 1.1pp negative effect.
23
annual_report
NatixisSA-AR_2016
5,692
loss”, except for changes in fair value attributable to own credit risk on financial liabilities at fair value through profit or loss, as such recognition does not create or increase an accounting mismatch. The latter is recognized in “Revaluation of own credit reporting date and shown in the balance sheet as “Financia...
96
annual_report
RaiffeisenBankInternationalAG-AR_2019
2,710
A reclassification from Level II to Level I involves instruments for which a discounted cash flow model was previously used to determine the valuation results. As market quotes are now available, they can be used for the valuation.
38
annual_report
AegonNV-AR_2001
912
Invested and acquired –3,564 –6,531 Real estate and shares –3,980 –7,072 –1,498 –904 Shares of group companies and subsidiaries –1,673 –979
21
annual_report
RaiffeisenBankInternationalAG-AR_2019
54
What were the key themes for you in 2019? Our focus over the last year has been very much on innovation and the resulting improvement in customer value. We have opened ourselves up to cooperating with fintechs, strengthened our internal innovation and further developed RBI as an adaptive organization. This will all hel...
170
annual_report
4807
751
We believe that providing for unallocated loss adjustment expenses based on our run-off strategy is appropriate in determining the fair value of the assets and liabilities acquired in an acquisition of a run-off company. We believe that other participants in the run-off acquisition marketplace factor into the price to ...
74
10K
3603
668
The Company offers various guarantees to variable annuity contractholders. Liabilities for variable contract guarantees related to death benefits are included in the reserve for life-contingent contract benefits and the liabilities related to the income, withdrawal and accumulation benefits are included in contracthold...
73
10K
de_allianz-AR_2003
2,259
German Commercial Code (HGB). By its reference to the creation of future commercial benefit for the company without the prerequisite of an acquisition against payment, items such as brand names and software developed in-house also must be reported in the accounts under IFRS as assets.
45
annual_report
AvivaPLC-AR_2015
103
I should also say that we will continue to focus on being Not Everywhere. That’s not just a matter of geographies. It’s also about making choices about optimising our business mix and which business we will focus on – markets like accident and health. This is a market where we have historically been underweight. It’s a...
84
annual_report
StorebrandASA-AR_2015
733
Magnus' previous roles include Executive Vice President at Schibsted ASA and Partner at McKinsey & Co.
16
annual_report
4078
1,108
Net Expense Ratio. The net expense ratio is a measure of an insurance company’s operational efficiency in administering its business. Expressed as a percentage, this is the ratio of the sum of acquisition costs and other underwriting expenses less ceding commission revenue to net premiums earned.
46
10K
4681
2,615
increase the amount of required assets to be held backing variable annuity guarantees to maintain required regulatory reserve levels and targeted risk based capital ratios; and
26
10K
3652
1,385
The carrying values of Cash, Investment income due and accrued and Accrued interest payable approximates fair value. The fair values of Ambac’s equity interest in QSPEs (included in Other assets), Loans and Obligations under investment, repurchase and payment agreements are estimated based upon internal valuation model...
81
10K
4705
844
We are one of the largest health benefits companies in terms of medical membership in the United States, serving 35.7 medical members through our affiliated health plans and approximately 67.8 individuals through our subsidiaries as of December 31, 2013. We offer a broad spectrum of network-based managed care health be...
221
10K
StandardLifeAberdeenPLC-AR_2019
1,836
Non-executive Directors’ interests in shares (audited) The following table shows the total number of Standard Life Aberdeen plc shares held by each of the non-executive Directors and their connected persons: Total number of shares owned at 1 January 2019 or date of appointment if later
45
annual_report
NatixisSA-AR_2013
3,848
Acting as manager of the Asset Management company does not in itself transfer the majority of a fund’s risks and benefi ts to the NGAM sub-group. In fact, the Asset Management company does not guarantee and is not exposed to risk in respect of the fund’s assets, and any provision for profi t-sharing with the Asset Mana...
80
annual_report
2870
1,077
As the discussion above indicates, there are risks and uncertainties associated with determining whether declines in the fair value of investments are other-than-temporary. These include subsequent significant changes in general overall economic conditions, as well as specific business conditions affecting particular i...
92
10K
HannoverRueckSE-AR_2007
180
+++ Hannover Re increases its stake in E+S Rück to 63.8% +++
12
annual_report
SwissReAG-AR_1986
171
Net Investment Income In the broad sense (I.e. on Invest­ ments as set out above, plus money market Investments) amounts, after deduction of the Interest required for the Life Insurance and annuity fund and other technical re­ serves as well as for current-account balances and cash deposits, to Sw. frs. 577 million (pr...
114
annual_report
SwissReAG-AR_2016
2,473
Treasury shares, net of tax Balance as of 1 January –1 185 –1 662 Purchase of treasury shares –584 –1 190 Cancellation of shares bought back 1 018 Issuance of treasury shares, including share-based compensation to employees 107 71 Balance as of period end –1 662 –1 763
48
annual_report
4635
707
estimates of the magnitude of a catastrophe. Adjustments to previously recorded liabilities for unpaid loss and LAE, both positive and negative, are reflected in our financial results in the periods in which these adjustments are made and are referred to as prior year reserve development. The following table presents t...
92
10K
1804
521
The statutory basis financial condition of RCM, RGA Reinsurance and RGA Canada, as of December 31, 2001 and 2000 was as follows (in thousands):
24
10K
de_allianz-AR_2017
1,293
– while maintaining strong shareholder returns and building on our strong track record of product innovation. In addition, we will continue to actively manage both our new and in-force business through continuous repricing, expense management, asset/liability management, and crediting strategies, which should allow us ...
65
annual_report
4437
746
2011 versus 2010: A higher frequency and severity of natural catastrophe activity in 2011 impacted the underwriting results of both of our segments and was the primary driver of our total underwriting loss of $327 million. During 2011, we recognized estimated aggregate pre-tax net losses (net of related reinstatement p...
127
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2005
1,361
Munich Re’s business is inextricably linked with ecological aspects, even if as a service provider we place comparatively little burden on the environment ourselves. We are directly affected by environmental impacts, such as the growing number and intensity of weather-related natural catastrophes. A particular focus of...
95
annual_report
ScorSE-AR_2013
1,899
Knüpling has headed SCOR’s Corporate Actuarial Department, reporting to the Chief Risk Officer. He was appointed
16
annual_report
DirectLineInsuranceGroupPLC-AR_2017
1,913
Materiality £28.0 million (2016: £28.0 million). £25.2 million (2016: £25.2 million).
11
annual_report
4465
846
· Premiums - Solid growth in 2011 renewal and new business written premiums drove the increase in earned premiums and net written premiums, offsetting additional ceded premiums to reinstate coverage layers of our property catastrophe reinsurance treaty. The rate of growth for earned and net written premiums exceeded th...
189
10K
3398
1,314
The Company’s ability to pay common and preferred shareholders’ dividends and its expenses are dependent mainly on cash dividends from Partner Reinsurance, PartnerRe SA and PartnerRe U.S. (collectively the reinsurance subsidiaries). The payment of such dividends by the reinsurance subsidiaries to the Company is limited...
110
10K
4163
1,326
In December 2010, we repaid the $652.1 million outstanding principal balance under our Previous Credit Agreement using: (i) the proceeds from the New Senior Secured Credit Agreement and the issuance of the 9.0% Senior Secured Notes; and (ii) available cash.
40
10K
StorebrandASA-AR_2003
385
People are working for fewer years not only because of the lower retirement age, but also because they stay in higher education longer and start their working life later. These changes in working life, combined with increasing life expectancy and other demographic trends, mean that a shrinking working population has to...
58
annual_report
408
341
Financial instruments which qualify for hedge accounting are recorded at market with gains and losses reflected in shareholders' equity. To the extent such instruments do not qualify for hedge accounting related gains and losses are reflected in results of operations.
40
10K
5650
826
We engaged ClearLife Limited, owner of the ClariNet LS actuarial portfolio pricing software we use, to prepare a net present value calculation of our life insurance portfolio. ClearLife Limited processed policy data, future premium data, life expectancy estimate data, and other actuarial information to calculate a net ...
98
10K
2171
527
We record investments on our balance sheet at fair value, with the corresponding appreciation or depreciation from amortized cost recorded in shareholders’ equity as other comprehensive income, net of taxes. Because value is based on the relationship between the portfolio’s stated yields and prevailing market yields at...
141
10K
4369
546
As of December 31, 2011 and 2010, we had no reserve for uncollectible reinsurance recoverables. We assessed the collectibility of our year-end receivables and believe all amounts are collectible based on currently available information.
34
10K
3426
992
The following table summarizes our gross premiums, by line of business, within our Rated Reinsurance and Insurance segment for the years ended December 31, 2007, 2006 and 2005:
28
10K
NatixisSA-AR_2005
3,302
Employees and their supervisors are responsible for preliminary or simultaneous checks of each operation they carry out as part of their normal duties.These first-tier controls provide the foundations of the internal control system and are documented in formal written procedures, covering areas such as the segmentation...
99
annual_report
GjensidigeForsikringASA-AR_2016
258
Fire is something that severely affects our customers, both financially and, not least, personally. Together with the Norwegian Fire Protection Association, the Directorate for Civil Protection and Emergency Planning (DSB) and local fire brigades, we organised the ‘Aksjon Boligbrann’ fire prevention campaign in autumn ...
76
annual_report
4887
880
The Fully Insured Health segment had a favorable development of $0.4 million primarily related to benefits and claims experience associated with business written in 2013.
25
10K
NatixisSA-AR_2012
916
Winn is able to make proposals for improving gender equality within Natixis. The network is coordinated through themed Committees, events and discussions between women members. Winn brings together all of the networking initiatives for women executives at Natixis.
38
annual_report
Sampoplc-AR_2009
425
Bond with Warrants, 2000 a shares one conversion in 2006 Warrant conversion 382,200 570,500,515 decrease in share capital 15 april 2006 cancellation of shares bought back (7,000,000 a shares)
29
annual_report
2858
1,153
Other Income. Other income for the years ended December 31, 2004 and 2003 was $2.0 million and $0.9 million, respectively. The increase in other income of $1.1 million is primarily related to an increase in claims services income of $0.5 million and an increase in finance and service charges of $0.3 million.
52
10K
3511
8,934
A total of 49.6 million shares of common stock were originally authorized to be used for awards under the plans, subject to adjustment in accordance with the plans' terms. At December 31, 2007, 18.8 million shares were reserved and remained available for future issuance under these plans. The Company uses its treasury ...
56
10K
AvivaPLC-AR_2007
1,599
Planned Future Changes The Committee reviewed in 2007 the remuneration package of Aviva’s senior executives. This was against a background of the Chief Executive, Andrew Moss’ clear strategic imperative for the Group to deliver “one Aviva, twice the value”. “Twice the value” will be measured in terms of growth in the C...
111
annual_report
RaiffeisenBankInternationalAG-AR_2013
274
Measurement of bonuses is linked to the achievement of company goals related to profit after tax, return on risk-adjusted capital (RORAC) and cost/income ratio, as well as to annually consented personal goals. Payment of bonuses is deferred as set forth in the Austrian Banking Act (BWG) and implemented according to int...
53
annual_report
5711
651
The expense ratio increased 0.9 points from 42.4% for 2017 to 43.3% for 2018 mainly due to a reduction in net earned premiums as discussed above partially offset by a reduction in commission expense due to mix of business.
39
10K
ASRNederlandNV-AR_2019
3,584
The interest rate risk is calculated by a relative shock up- and downward shock of the risk-free (basis) yield curve. All adjustments (credit spread, VA) on this yield curve are considered constant. The yield curve is extrapolated to the UFR. The yield curve after shock is not extrapolated again to the UFR.
52
annual_report
RaiffeisenBankInternationalAG-AR_2014
2,995
RI Inwestycje Sp. z o.o., Warszawa (PL) 50,000 PLN 100.0% OT
11
annual_report
2086
380
Golden participates in a modified coinsurance agreement with an unaffiliated reinsurer. The accompanying consolidated financial statements are presented net of the effects of the treaty which increased (decreased) income by $(2.9) million, $(0.5) million and $1.7 million for the years ended December 31, 2002, 2001 and ...
48
10K
fr_axa-AR_2009
7,318
Liabilities arising from insurance contracts where the fi nancial risk is borne by policyholders 103,281 - - 103,281
18
annual_report
5259
1,646
The increase in our 2015 consolidated expense ratio is primarily attributable to certain costs being allocated to operating expense in 2015 and allocated to ULAE in 2014. Cost shifts between segments and between operating expense and ULAE were the primary reason that our Corporate segment expense ratio increased and ou...
115
10K
3830
1,023
The increase in other latent losses incurred in 2007 is due in part to a policyholder with both asbestos and silica claims. In 2007, the exposures for silica were identified as the predominant exposure for this policyholder and the reserves were established in other latent.
45
10K
2824
2,133
At December 31, 2005, $374 million of the unsecured credit facilities were used in support of letters of credit issued on behalf of the Holding Company. At December 31, 2005 and 2004, the Holding Company had $190 million and $369 million, respectively, in outstanding letters of credit from various banks, all of which a...
59
10K
NatixisSA-AR_2017
5,504
Including the outstanding non-amortized amount of the margin not recognized in income on the transaction date (“Day One Profit”) of €76 million (a) at December 31, 2017 versus €74 million at December 31, 2016 (see Note 6.9.2).
37
annual_report
5423
370
Life expectancy reflects the probable number of years remaining in the life of a class of persons determined statistically, affected by such factors as heredity, physical condition, nutrition, and occupation. It is not an estimate or an indication of the actual expected maturity date or indication of the timing of expe...
82
10K
NatixisSA-AR_2007
4,611
Value in use is determined principally (2) by discounting the expected future cash fl ows from the CGU on the basis of the medium-term business plans drawn by the Group for strategic planning purposes.
34
annual_report
INGGroepNV-AR_2019
2,406
Members of the Executive Board are appointed by the shareholders at the Annual General Meeting
15
annual_report
LloydsBankingGroupPLC-AR_2006
1,212
The fair values of assets and liabilities traded in active markets are based on current bid and offer prices respectively. If the market is not active the Group establishes a fair value by using valuation techniques. These include the use of recent arm’s-length transactions, reference to other instruments that are subs...
69
annual_report
HannoverRueckSE-AR_2007
991
In January 2008 the IASB published the revised versions of IFRS 3 "Business Combinations" and IAS 27 "Consolidated and Separate Financial Statements". The new provisions primarily cover the recognition of minority interests, measurement issues in connection with successive acquisition, changes in a participating intere...
108
annual_report
NatixisSA-AR_2020
5,232
With regard to the provisions of IFRS 10, Natixis exercises exclusive control over the Company, which is therefore fully consolidated in Natixis’ financial statements.
24
annual_report
ScorSE-AR_2020
2,112
Morbidity risks Products such as critical illness, short-term and long-term disability and long-term care, which all contain morbidity risk, are subject to the risk of negative trends in health, as well as to the consequences of improved medical diagnoses capabilities which increase the number of claims due to conditio...
108
annual_report
ch_zurich_insurance_group-AR_2007
3,656
During 2007 one of the GEC members gave up his function. No termination payments were made.
16
annual_report
AvivaPLC-AR_2020
5,252
UK & Ireland Life1,2,3 1,007 1,394 UK & Ireland General Insurance1,4 171 273 Canada1,5 131 156 Aviva Investors 50 86
20
annual_report
NatwestGroupPLC-AR_2015
2,160
and other major UK banks will provide high quality, meaningful and decision-useful disclosures; review and enhance their financial instrument disclosures for key areas of interest to market participants; assess the applicability and relevance of good practice recommendations to their disclosures acknowledging the impor...
77
annual_report
4224
649
Our Consolidated Balance Sheets include significant amounts of derivative contract liabilities that are measured at fair value. Our significant derivative contract exposures are concentrated in credit default and equity index put option contracts. These contracts were primarily entered into in over-the-counter markets ...
217
10K
5587
1,655
fee on the available commitments of the lenders (a range of 0.20% to 0.30% based on our consolidated leverage ratio, and which rate was 0.25% as of December 31, 2018).
30
10K
4133
1,331
The change in the reasonably likely variance for the 2002 through 2005 loss years in 2009 compared to 2008 is due to giving greater weight to the Bornhuetter-Ferguson loss development method for additional lines of business during 2009 and additional development of losses. The reasonably likely variance of our expected...
301
10K
29
160
The Company's central data processing facility occupies a modern, three-story brick building containing approximately 107,000 square feet of office space, on an approximately 40-acre parcel in Mayfield Village, Ohio, owned by a subsidiary. In spring 1992, construction began on the Company's new corporate office complex...
131
10K
INGGroepNV-AR_2020
1,534
On 27 June 2019, a series of measures referred to as the Banking Reform Package (including certain amendments to CRR and CRDIV commonly referred to as ‘CRR II’ and CRD V’) came into force, subject to various transitional and staged timetables. The adoption of the Banking Reform Package concluded a process that began in...
66
annual_report
4815
2,246
Effective March 15, 2011, each of Renaissance Reinsurance and DaVinci was approved as a Trusteed Reinsurer in the State of New York and established a multi-beneficiary reinsurance trust (“MBRT”) to collateralize its respective (re)insurance liabilities associated with U.S. domiciled cedants. The MBRTs are subject to th...
242
10K
BaloiseHoldingLtd-AR_2004
356
Gertrud Höhler (born 1941, D, Dr. phil.) has been a Member of the Board of Directors since 1998. She is an economic and political consultant, and was a professor of literature and German studies at the University of Paderborn from 1976 to 1993. She studied literature and history of art in panies in the Group were outst...
71
annual_report
RaiffeisenBankInternationalAG-AR_2017
667
Deposits from customers increased 6 per cent year-on-year, or € 4,506 million, to € 84,831 million. In particular, deposits from retail customers were up € 2,683 million to € 50,111 million, especially in the Czech Republic, Slovakia, Romania and Russia. The € 1,273 million rise in deposits from corporate customers to ...
79
annual_report
HannoverRueckSE-AR_2019
52
By defining our company’s purpose we have accomplished something very significant: we have identified the factors in our past success and embraced them on our path into the future.
29
annual_report
3496
608
There is no residual value associated with the acquired intangible assets.
11
10K
4668
1,316
The Company also reinsures, through 100% quota share reinsurance agreements, certain run-off LTC and workers’ compensation business written by the Company.
21
10K
5177
1,183
The Company is authorized to issue 10,000,000 shares of preferred stock, $.00001 par value. We currently have 1,000,000 shares of Series A Preferred Stock (“Series A Stock”) outstanding as of December 31, 2014, which was classified as equity.
38
10K
StorebrandASA-AR_2011
58
To illustrate what this means, we have designed a new reporting layout for the group profit in which we combine all of the most stable profit elements and isolate the more volatile elements. The most stable portion of our earnings – the result before profit sharing and loan losses – has increased over the last five yea...
69
annual_report
3953
1,313
development with interest rates generally ranging from 5.5% to 5.8%. Outstanding principal balances as of December 31, 2008, ranged from $6.0 million to $9.3 million per development with interest rates generally ranging from 5.5% to 5.8%. Outstanding debt is secured by the underlying real estate properties, which were ...
77
10K
3427
941
The discount rate enables us to state expected future cash flow as a present value on the measurement date. The guideline for setting this rate is a high-quality long-term corporate bond rate. A higher discount rate decreases the present value of benefit obligations and decreases pension expense. We increased our disco...
145
10K
4282
682
Principal properties owned by Standard Insurance Company (“Standard”) and used by StanCorp Financial Group, Inc. or its subsidiaries consist of two office buildings in downtown Portland, Oregon: the Standard Insurance Center, with approximately 460,000 square feet; and the Standard Plaza, with approximately 220,000 squ...
174
10K
NNGroupNV-AR_2019
803
To learn about further actions that we could take to support the objectives of the Paris Agreement, NN joined the Paris Aligned Investment Initiative of the Institutional Investor Group on Climate Change (IIGCC). The Initiative aims to help develop a common understanding of concepts relating to alignment with the Paris...
57
annual_report
2048
1,291
The Company has limited its share of the health care trend rate to a cost-of-living adjustment not to exceed 4% per year. The assumed healthcare cost trend rate used in measuring the accumulated postretirement benefit obligation was 4% per year in 2002. The healthcare cost trend rate assumption has a significant effect...
152
10K
BaloiseHoldingLtd-AR_2014
1,270
3.4 Leases 3.4.1 The Baloise Group as a lessee Finance leases: leases on real estate, office furniture, equipment, fixtures, fittings and other tangible assets are classified and treated as finance leases if they transfer to the Baloise Group substantially all the risks and rewards incidental to ownership. The fair val...
150
annual_report
4897
880
We repurchased 19.7 million shares of our common stock in the open market for $1.2 billion under our share repurchase program in 2014, compared with 13.2 million shares repurchased in 2013.
31
10K
de_allianz-AR_2016
1,357
The Allianz Group has started an initial assessment of the potential impact on its consolidated financial statements. So far, the most significant impact identified is that the Allianz Group will recognize new assets and liabilities for its operating leases of occupied property. In addition, IFRS 16 replaces the straig...
88
annual_report
fr_axa-AR_2007
6,047
The balance sheet information for employee benefits captures the difference between the Defined Benefit Obligation (DBO), the fair value of the corresponding invested plan assets, and any unrecognized past service cost. When this difference is positive, a contingency and loss reserve is recognized in the balance sheet ...
439
annual_report
fr_axa-AR_2007
5,725
Financing debt owed to credit institutions 175 — — 175 95 — — 95 17 — — 17
18
annual_report
HiscoxLtd-AR_2013
157
Centre in York. This process went very smoothly and we are now considering its extension to other lines of business.
20
annual_report
NatwestGroupPLC-AR_2011
2,058
Average LTV on new originations during the year 63.0% 68.0% 70.3% 65.8% 65.3% 64.4%
14
annual_report
5097
702
The reinsurance segment's loss and settlement expense ratio for 2015 reflects $21.3 million (17.3 percent of earned premiums) of reported favorable development on prior years' reserves; however, this amount includes $1.0 million of adverse development that resulted solely from changes in the allocation of bulk reserves...
75
10K