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5584
1,055
(1) Adoption of ASU 2016-01, "Financial Instruments - Overall: Recognition and Measurement of Financial Assets
15
10K
INGGroepNV-AR_2020
6,716
Reference is made to the ING Group Consolidated financial statements, Note 44 ‘Contingent liabilities and commitments’ for disclosures related to issued guarantees.
22
annual_report
4458
1,052
We do not have foreign currency risk, as the cash flows from these investments are denominated in currencies to match the related liabilities. We have no direct exposure to sovereign debt of these countries and have not used credit derivatives to hedge our exposure or to sell credit protection. Our exposure relates onl...
60
10K
4853
907
We have extensive history in the contractors’ liability business upon which to perform actuarial analyses and we use the key assumption noted above relating to our own historical experience as a reliable indicator of the future for this product. However, there is inherent uncertainty in the loss reserve estimation proc...
275
10K
gb_prudential-AR_2009
2,145
iii The tables above include new business for the Taiwan bank distribution operation. New business of the Taiwan Agency business, which was sold in June 2009 (as explained in note I1) is excluded from the tables. Comparative figures have been adjusted accordingly.
42
annual_report
5453
686
Our specific accounting policies related to our invested assets are discussed in Note 2, Summary of Significant Accounting Policies, and Note 5, Investment Operations, to the consolidated financial statements. As of December 31, 2017 (Successor Company), we held $39.5 billion of available-for-sale investments, includin...
71
10K
5592
1,530
income using the effective interest method based on projected cash flows at the date of issuance. The weighted average imputed interest rate on surplus notes outstanding as of December 31, 2018 is 10.1%. All payments of principal and interest on these surplus notes are subject to the prior approval of the OCI. Annually...
156
10K
ch_zurich_insurance_group-AR_2016
116
We look forward to delivering these objectives over the next three years, and we are fully committed to carrying out this strategy.
22
annual_report
GjensidigeForsikringASA-AR_2019
2,553
Depreciation and impairment losses As at 1 January 2018 (265.8) (265.8) Depreciation (44.8) (44.8) Disposals 11.9 11.9 Exchange differences 0.3 0.3 As at 31 December 2018 (298.4) (298.4)
28
annual_report
SwissReAG-AR_2000
410
The Group uses equity options to lock in sales prices for investments in equity securities and to improve investment returns on its equity security investments. Options are carried at fair value as available for sale, with changes in carrying value included in other comprehensive income.
45
annual_report
4477
1,739
The Company performed its annual goodwill impairment tests during the third quarter of 2011 based upon data at June 30, 2011 and concluded that the fair values of all reporting units were in excess of their carrying values and, therefore, goodwill was not impaired. Such tests are described in more detail in Note 1.
54
10K
SwissReAG-AR_2013
278
with more people enjoying longer lives, the means of providing healthcare and a secure retirement must also change. in 2013 we asked more than 22 000 people in 19 countries who they thought should bear the inevitable costs.
38
annual_report
ch_zurich_insurance_group-AR_2008
1,939
Total income tax expense attributable to policyholders (1,184) (83) Total income tax expense attributable to shareholders 732 1,874 Total income tax expense (452) 1,791
24
annual_report
BeazleyPLC-AR_2019
614
Conclusion Dealing with change can create debilitating inertia for a company and significantly increase risk or it can create the catalyst for improvement and ultimately reduce risk. My assessment is that Beazley is harnessing the opportunities created by change.
39
annual_report
NatwestGroupPLC-AR_2017
6,547
Expected credit loss (ECL, an IFRS 9 accounting measure) – generally is the weighted average of credit losses; for collectively assessed portfolios it is the product of the exposure, probability of default at the reporting date and the lifetime loss given default. At initial recognition of a financial asset, an allowan...
114
annual_report
BaloiseHoldingLtd-AR_2001
347
“Why is it you always come with these requests at the very last moment? But we can talk about that another time. I have to be off in twenty minutes, so we don’t have much time. You can click into the Internet afterwards if you need more details.
48
annual_report
de_allianz-AR_2004
3,024
As Munich Re is one of the biggest reinsurers in the world, the reinsurance relationship between companies of the Allianz Group and Munich
23
annual_report
nl_ing_grp-AR_2012
2,133
Liabilities Non-trading derivatives 287 1,786 2,073 Financial liabilities designated as at fair value through profit and loss 8 8 Investment contracts (for contracts carried at fair value) 95 95
29
annual_report
5825
1,935
The substantial majority of our NIW has been for loans purchased by the GSEs. The current private mortgage insurer eligibility requirements ("PMIERs") of the GSEs include financial requirements, as well as business, quality control and certain transactional approval requirements. The financial requirements of the PMIER...
128
10K
BaloiseHoldingLtd-AR_2007
627
ks are based on u hat are used by local underwriters for their decisions.
14
annual_report
HannoverRueckSE-AR_2005
1,124
Variable-rate bonds (so-called "floaters") are shown under the maturities due in one year and constitute our interest-related, within-the-year reinvestment risk.
20
annual_report
5179
797
Securities categorized as Level 3 include holdings in certain private placement fixed maturity and equity securities for which an active market does not currently exist. The fair value of our Level 3 private placement securities is determined by management relying on pricing received from our independent pricing servic...
126
10K
LloydsBankingGroupPLC-AR_2010
2,320
Stress testing and scenario analysis: The credit portfolio is also subjected to stress testing and scenario analysis, to simulate outcomes and calculate their associated impact. Events are modelled at a group-wide level, at divisional and business unit level and by rating model and portfolio, for example, within a spec...
51
annual_report
RSAInsuranceGroupPLC-AR_2010
2,723
Reinsurers’ share of provision for unearned premiums at 31 December 299 301
12
annual_report
4227
930
Texas gross written premium grew by 31.0% during 2010 compared to 2009. The growth in premiums in Texas primarily relates to the standard program, which Infinity introduced in late 2009.
30
10K
de_allianz-AR_2012
3,324
Foreign currency translation adjustments (520) 41 697 (71) Changes in the consolidated subsidiaries of the Allianz Group – – (588) –
21
annual_report
NatwestGroupPLC-AR_2008
337
The Group’s results have been and could be further adversely affected in the event of goodwill impairment.
17
annual_report
5717
1,122
In 2019, 2018 and 2017, the Company granted stock options as quantified in the table below, which also provides the weighted average grant date fair value for stock options granted in each year. The fair value of stock options granted was estimated on the respective dates of grant using the Black-Scholes option pricing...
64
10K
3218
795
Common Stock Warrants-During 2000, we entered into a marketing agreement with a partner in which we issued a warrant to purchase an aggregate of 12,500 shares of our common stock at $2.00 per share. The warrant, which was exercisable upon issuance, expired unexercised during December 2005. We recorded marketing and adv...
83
10K
BaloiseHoldingLtd-AR_2006
1,103
2 emissions from electric power consumption in our envi-VORABDRUCK emissions from electric power consumption in our environmental assessment were calculated in accordance with the guidelines of the Union for VORABDRUCK ronmental assessment were calculated in accordance with the guidelines of the Union for the Coordinat...
56
annual_report
PhoenixGroupHoldingsPLC-AR_2011
2,024
An increase of 1% in interest rates1, with all other variables held constant, would result in an increase in the profit after tax in respect of a full financial year, and in equity, of £2 million (2010: a decrease of £103 million). A decrease of 1% in interest rates1, with all other variables held constant, would resul...
83
annual_report
CNPAssurancesSA-AR_2016
259
The Chief Executive Officer is responsible for executing the strategy adopted by the Board. He is assisted in this task by the Executive Committee made up of the heads of the company’s key areas. The Committee plays a coordinating role, giving its attention to all companywide issues. The consistency of the Group’s stra...
93
annual_report
TopdanmarkAS-AR_2013
609
Non-capitalised balance of equity losses that can be carried forward 317 131
12
annual_report
fr_axa-AR_2009
4,857
In order to manage effi ciently our local and global risks, the decision process within our risk governance structure is divided into 4 levels: ■ T he Management Board defi nes business objectives and capital allocation with respect to investment return and risk. It also defi nes the Group appetite for risks in terms o...
69
annual_report
5741
1,369
The Company's investments in private equity funds were $107 million and $82 million at December 31, 2019 and December 31, 2018, respectively. The carrying values of these private equity investments approximates fair value. The underlying private equity funds follow investment company accounting, where investments withi...
89
10K
3807
679
The following table presents our commission, sponsorship, licensing and other and total revenue for the years ended December 31, 2006, 2007 and 2008 and the dollar and percentage change from the prior year (dollars in thousands):
36
10K
4107
2,856
Of these obligations, $1.7 billion were guaranteed by third-party financial guaranty insurance companies and the interest rates on these obligations are subject to rate resets triggered by negative rating agency actions on the third-party financial guaranty insurance companies that guarantee these obligations. During 2...
67
10K
2762
661
are determined by the California DOI to have a substantial relationship to the risk of loss and adopted by regulation. The regulations further require that each of the four factors be applied in decreasing order of importance.
37
10K
1645
227
ML of New York defines medium term interest rates as the average interest rate on U.S. Treasury securities with terms of 1 to 10 years. During 2001, medium term interest rates decreased approximately 101 basis points to yield, on average, 4.12% at December 31, 2001.
45
10K
4557
3,898
Amortization of Prior Service Costs (Credit) - These costs relate to the recognition of increases or decreases in pension and other postretirement benefit obligation due to amendments in plans or initiation of new plans. These increases or decreases in obligation are recognized in accumulated other comprehensive income...
78
10K
338
268
The Company has incurred most of the anticipated costs of the appeal and management believes that amounts accrued as of December 31, 1996 will be sufficient to cover any additional costs. Effective October 1995, JMC concluded its relationship with its Florida financial institution client, Barnett Banks, Inc., and is no...
77
10K
2237
1,135
On March 8, 2004, Assured Guaranty, formerly AGC Holdings, filed an amendment to the registration statement filed on December 23, 2003 on Form S-1 for an initial public offering (IPO). Assured Guaranty is a wholly owned subsidiary of ACE Limited. Upon completion of the IPO, Assured Guaranty will be the holding company ...
136
10K
BaloiseHoldingLtd-AR_2005
2,668
Disposal from change in the reporting entity structure amount recognized in the income statement cashflow between the Baloise Group and plan assets
22
annual_report
4428
1,064
Effective October 1, 2011, New York and Ohio implemented changes to their administration of prescription drug coverage for their Medicaid managed care enrollees. Pharmacy benefits that had been previously administered by the states will now be offered through health plans. This change resulted in additional revenue of ...
125
10K
NNGroupNV-AR_2016
497
Client and product suitability refers to the risk that products do not cover clients’ interests over the full lifetime against a reasonable price. A product approval and review process ensures new products meet our criteria for products. A periodic review of existing products contributes to continuous customer care.
48
annual_report
HannoverRueckSE-AR_2018
1,461
4 The nominal amount is stated; full or partial repayment in 2022, depending on the development until such time of the balance in the bonus bank. In 2018 altogether EUR 11,200 more than had been originally reserved was allocated to the bonus bank for 2017. 5 The nominal amount is stated; virtual Hannover Re share award...
110
annual_report
PowszechnyZakladUbezpieczenSA-AR_2018
2,107
Corporate Governance Rules for Regulated Institutions in accordance with the declaration of 2015
13
annual_report
fr_axa-AR_2014
500
2014 was marked by a strong performance of fi xed income markets. Sovereign bonds performed very well as (i) interest rate increases in the US and in the UK were further postponed,
32
annual_report
Sampoplc-AR_2007
755
Shares, Share Capital and Shareholders shares and share capital On 31 December 2007 Sampo plc had 577,330,890 A shares and 1,200,000 B shares. According to company’s Articles of Association A Shares number at least 179,000,000 and at most 711,200,000 and B shares number at least 0 and at most 4,800,000. Each A share en...
116
annual_report
fr_axa-AR_2012
3,565
■ In force for a period of three years as from August 5, 2010, this agreement is renewable automatically for successive periods of one year, unless one of the two parties decides to terminate beforehand, in which case it is required to give three month notice prior to the next renewal date.
52
annual_report
4095
2,114
As of December 31, 2009, includes the $(205) million impact of the bifurcated embedded derivative described below.
17
10K
2302
611
Interest Rate Risk-Until November 2003, the Company's operations were financed principally through the former Senior Credit Facility, which was retired in December 2003 and had a variable interest rate and the Notes, which had a 9% fixed interest rate. Interest rate swaps were used to generate the desired interest rate...
61
10K
SwissLifeHoldingAG-AR_2009
2,769
The net defined benefit asset/liability consists of gross defined benefit liabilities –2 025 –2 003 gross defined benefit assets 167 165
21
annual_report
StorebrandASA-AR_2016
622
The Board carried out an evaluation in 2016, in which the executive management participated. A total of twelve board meetings were held in 2016. The work of the Board is regulated by special rules of procedure for the Board. The Board has established three advisory committees: the
47
annual_report
INGGroepNV-AR_2007
774
methodology, adapted for the fi nancial services market and based on a combination of questions related to overall satisfaction, customer delight and ideal provider. This score is not weighted by market.
31
annual_report
ASRNederlandNV-AR_2013
1,712
17.2 Other long-term employee benefits Other long-term employee benefits consist of the employer’s share of liabilities arising from longservice benefits. The table below shows the changes in these liabilities: Net liability as at 1 January 10 8 Total expenses -3 3 Other -1 -1 neT lIAbIlITy AS AT 31 decembeR 6 10
52
annual_report
3584
2,218
(ii) Going Concern Uncertainties - As a result of declines in the fair value of our invested assets, which contain a significant concentration of sub-prime and Alt-A residential mortgage-backed securities, we have experienced deteriorating financial performance and a worsening liquidity and collateral position. Our liq...
114
10K
BaloiseHoldingLtd-AR_2001
790
Premiums earned and policy fees for own account 2,460.0 2,419.3 4,018.5 4,013.2
12
annual_report
ch_zurich_insurance_group-AR_2017
1,250
Share and share option holdings of the members of the ExCo This section provides a summary of total outstanding share commitments under the LTIP, transition arrangements following the change to cliff vesting in the LTIP from 2014, restricted share allocations and the total outstanding share options for members of the E...
56
annual_report
107
556
Beginning in 1991, certain officers were granted limited stock appreciation rights ("LSARs") in tandem with their outstanding options. LSARs afford the optionee the right to receive payment upon a change in control as defined in the plans equal to the higher of the excess of the highest price per share paid in connecti...
101
10K
4474
1,593
agreed-upon return based on funds deposited. Proceeds from these investment agreement and investment repurchase agreement obligations are used to invest in fixed income investments. Interest income from these investments is included in Net investment income.
35
10K
2744
1,941
Long-term care insurance has fixed annual premiums that can be adjusted only upon approval of the insurance departments of the states where the premiums were written. The process for filing for premium rate increases requires us to demonstrate to the insurance department that expected claims experience is anticipated t...
66
10K
241
260
The Company has classified its investments as available-for-sale in accordance with Statement of Financial Accounting Standards (SFAS) No. 115, "Accounting for Certain Investments in Debt and Equity Securities". SFAS No. 115, which was adopted January 1, 1994, requires that fixed maturity securities are to be classifie...
107
10K
PosteItalianeSpA-AR_2015
1,496
Investment property relates to land or buildings held with a view to earn rental or lease income or for capital appreciation or both; in both cases such property generates cash flows that are largely independent of other assets. The same accounting treatment is applied to investment property as to property, plant and e...
53
annual_report
3950
2,220
discussions regarding the Lifetrend and CIUL3+ policies. In January 2009, the Florida OIR commenced a market conduct examination involving Conseco Life. After working with various state insurance regulators to review the terms of the Lifetrend and CIUL3+ policies, Conseco Life has reached a settlement in principle with...
125
10K
4445
1,090
The Company has a capital loss carryforward of $93.7 million, of which $74.7 million expires in 2012. In addition, the Company has net impairment and unrealized capital gains of $3.6 million, which includes $31.8 million of unrealized losses related to debt securities that the Company has the ability and intent to hold...
54
10K
4529
24,174
Under U.S. GAAP, premiums and deposits for variable life, universal life and annuity products are not immediately recorded as revenues. For certain investment options of variable products, deposits are reflected on our consolidated balance sheets as an increase in separate account liabilities. Premiums and deposits for...
92
10K
2622
696
This “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contains forward-looking statements which involve inherent risks and uncertainties. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward looking-statements. Th...
97
10K
TrygAS-AR_2014
1,369
DKKm Gross Ceded Net of reinsurance 19 Claims provisions 2014 Claims provisions at 1 January 25,271 -1,780 23,491 Value adjustments of provisions , beginning of year -839 58 -781
29
annual_report
738
302
Aetna Life Insurance and Annuity Company and its wholly owned subsidiary (collectively, the "Company") are providers of financial services and life insurance products in the United States. The Company has two business segments: financial services and individual life insurance.
39
10K
LloydsBankingGroupPLC-AR_2004
1,060
Equipment leased to customers, which is stated after deducting £4,551 million (2003: £4,907 million) of unearned charges, is repayable as follows: £m £m 3 months or less 247 91 1 year or less but over 3 months 282 345 5 years or less but over 1 year 1,516 1,465
49
annual_report
3507
4,226
Effective December 31, 2006, the Company adopted SFAS No. 158, “Employers’ Accounting for Defined Benefit Pension and Other Postretirement Benefit Plans”. The overall effect was an after-tax increase to shareholders’ equity of $36 million. This increase occurred because prior service cost and net gains from past experi...
66
10K
229
324
Accounting For Stock-Based Compensation In November 1995, the Financial Accounting Standards Board ("FASB") issued Statement of Financial Accounting Standards ("SFAS") No. 123, "Accounting for Stock-Based Compensation" to become effective for financial statements for fiscal years beginning after December 15, 1995. This...
138
10K
4257
3,295
Our fixed income portfolio, which includes fixed maturity and short-term investments, returned 10.0% for the year ended December 31, 2009, compared to (2.1)% for the year ended December 31, 2008. As previously discussed, the fixed maturity portfolio, in particular the corporate bond portfolio, performed well during the...
70
10K
4017
1,481
Adjusted book value per share is a non-GAAP financial measure which is derived by excluding the impact of economically defeasing the Company's mandatorily redeemable preferred stock from book value per share, the most closely comparable GAAP measure. For the reason stated above, OneBeacon believes that adjusted book va...
79
10K
de_allianz-AR_2009
1,833
The Allianz risk management framework adds value to Allianz SE and its operating entities through the following four primary components in a layered structure as outlined in the diagram at the end of this section.
35
annual_report
4584
894
The range of unpaid losses and LAE estimated by our actuary as of December 31, 2012 was $266.7 million to $322.6 million. Our best estimate of unpaid losses and LAE as of December 31, 2012 is $313.4 million. Our carried reserve for unpaid losses and LAE as of December 31, 2012 is comprised of $163.2 million in case res...
232
10K
HannoverRueckSE-AR_2020
488
The supervisory board is responsible for overseeing the preparation of the ESEF documents as part of the financial reporting process.
20
annual_report
SwissReAG-AR_2009
2,774
Head Office Swiss Reinsurance Company Ltd Mythenquai 50/60 P.O. Box 8022 Zurich Switzerland
13
annual_report
NatwestGroupPLC-AR_2017
1,999
2017 The major factors contributing to the net cash inflow from operating activities of £38,741 million were an increase of £42,147 million in operating assets and liabilities, operating profit before tax of £2,239 million, other provisions charged net of releases of £1,930 million, depreciation and amortisation of £80...
87
annual_report
2239
408
The sales of investments that have occurred generally result from portfolio management decisions to maintain proper matching of assets and liabilities. Realized investment gains related to all other investments in 2002 of $80.1 million were largely offset by realized investment losses of $79.2 million. Realized investm...
86
10K
LloydsBankingGroupPLC-AR_2006
1,114
Ms Dial is the only participant in this plan and holds an option, granted to her in June 2005, to acquire 242,825 ordinary shares in Lloyds TSB Group plc for a total price of £1. The option was granted as part of the remuneration package considered necessary to attract her from the USA and is designed to encourage her ...
111
annual_report
NatwestGroupPLC-AR_2017
4,397
Total loans and advances to customers 310.1 306.8 — 1.3 305.5
11
annual_report
5882
884
Through the date of the real estate listing, depreciation on the Calabasas building was computed using the straight line method over 39 years. Depreciation on furniture, fixtures, and equipment in the Calabasas building is computed using the straight line method over 3 to 15 years. Through the date of the real estate l...
104
10K
5424
798
Prior to 2016, we reported a net deferred tax asset predominately arising from the portion (20%) of unearned premiums that are otherwise recognized as taxable income in advance of being earned for financial reporting purposes. In 2016 and 2017, the Company recorded a net deferred tax liability. The deferred tax liabili...
111
10K
gb_lloyds_banking_grp-AR_2006
2,049
We have reported separately on the consolidated financial statements of Lloyds TSB Group plc for the year ended 31 December 2006.
21
annual_report
3866
1,352
Technology - In addition to contractual obligations for hardware and software discussed below, we anticipate capitalizing approximately $50 million in spending for key technology initiatives in 2009. Technology projects are discussed in Item 1, Strategic Initiatives, Page 7. Capitalized development costs related to key...
73
10K
INGGroepNV-AR_2014
3,235
In 2014, Other operating expenses – Other include EUR 304 million related to the SNS Reaal one-time levy, and includes EUR 138 million (2013: EUR 149 million) related to the Netherlands bank tax.
33
annual_report
3788
932
Cancer insurance was our top-selling product category for Aflac Japan in 2008 with sales rising 3.6% over 2007. Aflac remains the best branded company in Japan for cancer insurance. Our cancer insurance marketing efforts in 2008 centered on Cancer Forte, which we introduced in September 2007. Cancer Forte offers increa...
137
10K
4334
1,110
Since the Company is now using collateral prices as an input into the new Direct Price Model for certain multi-sector insured CDOs, a sensitivity analysis below shows the estimated pre-tax change in fair value and the cumulative estimated net fair value of the Company’s insurance credit derivatives portfolio of a 10% a...
62
10K
4912
881
Gross unrealized losses on fixed maturities available-for-sale amounted to $2.5 million as of December 31, 2014 and $13.1 million as of December 31, 2013. This decrease in gross unrealized losses was due to a decrease in the interest rate environment. There were $0.9 million and $0.4 million of gross unrealized losses ...
89
10K
3319
1,184
the total of $150,000, which was included in net realized investment gains (losses) in the consolidated statements of operations.
19
10K
1253
236
The National Association of Insurance Commissioners has adopted the Codification of Statutory Accounting Principles (Codification). The Codification changes current statutory accounting rules in several areas. Protective has not estimated the potential effect the Codification may have on the statutory capital of Protec...
54
10K
5701
826
The Company recognized total contract revenue from customers of $184.3, $166.8 and $155.1 during 2019, 2018 and 2017, respectively. Of these amounts, approximately $115.9 (62.9%), $105.4 (63.2%) and $97.1 (62.6%) were generated from claims handling and related ancillary services (i.e. risk control services) provided to...
177
10K
NNGroupNV-AR_2018
951
At NN IP, the executive team provides strategic direction and oversees the implementation of the RI Framework policy in the investment processes. The executive team receives input from NN IP’s ESG Committee. The committee is chaired by the Chief Investment Officer (CIO) of NN IP and comprises the Responsible Investment...
73
annual_report
3511
5,601
Amounts recorded for pension cost and accumulated other comprehensive income are significantly affected by fluctuations in the returns on plan assets and the amortization of unrecognized actuarial gains and losses. Plan assets sustained net losses in prior periods primarily due to declines in equity markets. These asse...
120
10K
3771
1,411
Includes approximately 1,500 and 600 scheduled shipyard, survey and mobilization days for 2009 and 2010.
15
10K
2207
1,242
o As of December 31, 2003, the Company's asset portfolio had approximately $13 billion of floating-rate exposure (primarily LIBOR). This compares to approximately $12 billion of exposure as of December 31, 2002. This exposure was created mostly through interest rate swaps designed to match our floating-rate liability p...
138
10K
fr_axa-AR_2015
4,253
The claims experienced in our Life & Savings businesses could be inconsistent with the assumptions we use to price our products and establish our reserves and may adversely affect our earnings
31
annual_report
4878
1,044
At December 31, 2014 and 2013, the Company had no outstanding short-term borrowings from the Group Credit Facility revolving credit line. There were no short-term borrowings outstanding for the year ended December 31, 2014. The highest amount outstanding for year ended December 31, 2013, was $50.0 million for the perio...
112
10K