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AegonNV-AR_2006
612
AEGON USA reinsures portions of its life insurance exposure with unaffi liated insurance companies under traditional indemnity, quota share reinsurance contracts, and, in some instances, excess loss reinsurance. Such reinsurance arrangements are in accordance with standard reinsurance practices within the industry. AEG...
43
annual_report
nl_ing_grp-AR_2012
4,976
As a result of the ongoing and unprecedented volatility in the global financial markets since 2007, we incurred in past years substantial negative revaluations and impairments on our investment portfolio, which have impacted our shareholders’ equity and earnings. During 2010, 2011 and 2012 the revaluation reserve posit...
114
annual_report
585
515
Other invested assets include certain non-traditional investments, including investments in venture capital funds, limited partnerships, mineral rights and promissory notes. Such investments are accounted for using either the cost method, or for investments in partnerships over whose operations the Company exercises si...
46
10K
NatixisSA-AR_2009
2,938
The Asset Management business line reports to the Operational Risk Department.
11
annual_report
4068
870
Legacy Marketing’s operating expenses decreased $10.4 million (36%) in 2008 compared to 2007 primarily due to decreased selling, general and administrative expenses, other miscellaneous expenses, and deferred compensation, partially offset by an increase in depreciation and amortization expenses as a result of the acce...
131
10K
5925
808
During 2020 and 2019, we recorded decreases in reserves related to uncertain tax positions, due to the expirations of certain statutes of limitations. The 2020 reserve release of $0.5 million was recorded as a benefit to the income (loss) from discontinued life businesses, net of taxes. The 2019 reserve release of $2.0...
92
10K
5807
1,545
Other than the commitments disclosed in Note 15 of the Notes to the Consolidated Financial Statements, there are no other material obligations or liabilities arising from the commitments to fund mortgage loans, partnership investments, bank credit facilities and private corporate bond investments. For further informati...
73
10K
4094
754
Operating gain increased $694.6 million, or 119%, to $1.3 billion in 2009, primarily due to higher than anticipated prior year favorable reserve releases of an estimated $181.0 million in 2009 that were not reestablished at December 31, 2009, as well as improved results in our Senior business as we implemented benefit ...
90
10K
ch_zurich_insurance_group-AR_2010
170
Organizational Agility Our markets are changing, sometimes radically, and so are the regulatory requirements we must meet in order to serve them. Recognizing the challenges we face on these two fronts, and the speed with which we’ll need to adapt, we have affirmed organizational agility as a critical skill and strategi...
103
annual_report
ch_zurich_insurance_group-AR_2010
2,121
Interest rate contracts: OTC Swaps 30 878 2,146 3,054 187 (84) 1,064 102 (11)
14
annual_report
gb_prudential-AR_2002
1,531
Photograph of Jonathan Bloomer on pages 4 and 28 has been supplied by NewsCast.
14
annual_report
ASRNederlandNV-AR_2016
1,125
Intro d uctio n capital in the Health division without any capital injection from the Group.
16
annual_report
gb_prudential-AR_2009
2,103
Number of shares A reconciliation of the weighted average number of ordinary shares used for calculating basic and diluted earnings per share is set out as below: Weighted average shares for calculation of basic earnings per share 2,501 2,472
39
annual_report
fr_axa-AR_2003
2,684
– A non-recurrent gain of € 19 million at the German holding company (after adjustment for goodwill amortization) following the release of a provision booked when the Group acquired German activities in 1997, which had become unnecessary
37
annual_report
2157
853
A property and casualty subsidiary issued a reinsurance contract to an insurer who provides financial guarantees on debt obligations. At December 31, 2003, the amount of aggregate principal commitments related to this contract was approximately $350 million, net of reinsurance. These commitments expire by 2023.
45
10K
3677
1,301
Medical costs increased as a result of new business in both our Individual Consumer & Government and Commercial Divisions discussed above. Medical cost also increased due to increased Commercial and Medicare PFFS medical cost trend as well as unfavorable IBNR reserve development on our Medicare PFFS business. The Medic...
84
10K
LloydsBankingGroupPLC-AR_2000
341
The Emerging Markets Debt portfolio contributed £104 million, which included a release of provisions of £85 million following the repayment of debt by certain borrowers and some asset sales. This compared with a contribution of £48 million in 1999, which included a release of provisions of £32 million.
48
annual_report
4481
1,180
The MedMetrics acquisition was accounted for under the acquisition method of accounting, with the Company treated as the acquiring entity. Accordingly, the consideration paid by the Company to complete the acquisition has been allocated to the assets acquired and liabilities assumed based upon their estimated fair valu...
71
10K
3137
1,603
The Property segment provides homeowners, dwelling fire, earthquake and inland marine coverage for individuals. Our Property coverages protect homes, condominiums and rental property contents against losses from a wide variety of hazards.
32
10K
SwissReAG-AR_2011
533
Unrealised losses on investments 63 10 Pension provisions 243 292 Benefit on loss carryforwards 4 222 3 965 Currency translation adjustments 483 481
23
annual_report
TopdanmarkAS-AR_2009
1,001
Inputs based Inputs not based 2009 Quoted on observable on observable Financial assets recorded at fair value prices market data market data Total Held for trading: Non-life insurance: Government bonds 0.4 0.4
32
annual_report
AssicurazioniGeneraliSpA-AR_2014
4,367
Delta Generali Holding d.o.o. Podgorica 290 EUR 5,000,000 G 4 57.50 Generali Osiguranje Srbija a.d.o. 100.00 76.00 18.00 Generali Reosiguranje Srbija a.d.o.
22
annual_report
ScorSE-AR_2011
4,955
Based on the calculations performed, no such reserve was required or recorded in the financial statements for 2010 and 1.3 CURRENT PROPERTY, PLANT AND EQUIPMENT
25
annual_report
HiscoxLtd-AR_2014
835
Currently, the performance measures are linked to the achievement of ROE performance over an agreed hurdle, during the performance period. Details of targets for awards to be granted in 2015 are set out on page 62.
36
annual_report
ch_zurich_insurance_group-AR_2019
1,267
Details on the remuneration votes of the Board and of the ExCo, are included in the 2020 Board of Directors Report of Zurich Insurance Group Ltd (Board of Directors Report), which accompanies the invitation to the AGM 2020 (www.zurich.com/ investor-relations/shareholder-area/annualgeneral -meeting).
41
annual_report
1916
404
In our water rights and water storage business, we develop some projects and assets from scratch. This can require cash outflows (e.g., to drill wells to prove that water is available) in situations where there is no guarantee that the project will ultimately be commercially viable. If we determine that it is probable ...
154
10K
ch_zurich_insurance_group-AR_2017
2,364
The net change of gains/(losses) deferred in OCI on derivative financial instruments designated as cash flow hedges were USD (36) million and USD 158 million before tax for the years ended December 31, 2017 and 2016, respectively.
37
annual_report
2367
2,532
Pro-forma compensation cost is estimated using an option-pricing model with the following assumptions for new options granted to employees in 2004, 2003 and 2002. In 2004, options were valued with an expected life of 5.3 years, volatility of 67.7% and a risk free interest rate of 3.9%. The weighted average fair value o...
127
10K
HiscoxLtd-AR_2004
663
Analysis of the amount that would have been charged to operating profit under FRS 17: Current service cost 2,834 2,348 Past service cost – –
25
annual_report
2195
574
Medical Expenses increased from $712.3 million to $762.9 million, an increase of $50.6 million or 7.1%. The increase is due primarily to our increased membership, which is in part offset by a lower medical care ratio. This ratio, which is medical expenses as a percentage of medical premiums and professional fees, decre...
118
10K
3485
1,221
Our intangibles are composed entirely of agency relationships, which are being amortized by the straight-line method over periods of up to 10 years. We regularly review the carrying value of our intangibles for impairment in the recoverability of the underlying asset, with any impairment being charged to operations in ...
75
10K
528
155
Affiliates Equity in net earnings and losses of affiliates (companies in which AFEI owns a significant portion of the voting stock) represents AFEI's proportionate share of the affiliates' earnings and losses. Since AFEI's basis in certain assets and liabilities of affiliates differs from amounts reported by these comp...
77
10K
AegonNV-AR_2017
5,760
and member of Aegon’s Executive Board per May 19, 2017. Mr. Rider held no shares on December 31, 2017. The shares held in Aegon mentioned above do not exceed 1% of total outstanding share capital at the reporting date. At the reporting date no loans with Aegon or outstanding balances such as guarantees or advanced paym...
64
annual_report
StandardLifeAberdeenPLC-AR_2013
3,861
UK mutual funds and other £13.0bn (31 December 2012: £8.9bn) and Canada mutual funds of £1.5bn (31 December 2012: £1.6bn).
20
annual_report
3391
1,363
Deferred acquisition costs (DAC), principally agent commissions and other selling, selection and issue costs, which vary with and are directly related to the production of new business, are capitalized as incurred. These deferred costs are then amortized in proportion to future premium revenues or the expected future p...
201
10K
LloydsBankingGroupPLC-AR_2019
4,713
Based on the responsibilities described above and our work undertaken in the course of the audit, the Companies Act 2006 (CA06), ISAs (UK) and the Listing Rules of the FCA require us also to report certain opinions and matters as described below (required by ISAs (UK) unless otherwise stated).
49
annual_report
4471
2,575
achieving sale accounting when transferring a financial asset and changes the initial recognition of retained beneficial interests. The new consolidation guidance changes the definition of the primary beneficiary, as well as the method of determining whether an entity is a primary beneficiary of a VIE from a quantitati...
124
10K
AegonNV-AR_2013
187
Application of the accounting policies in the preparation of the financial statements requires management to apply judgment involving assumptions and estimates concerning future results or other developments, including the likelihood, timing or amount of future transactions or events. There can be no assurance that act...
82
annual_report
4598
1,054
The amount available during 2012 for the payment of ordinary dividends from Unum Group's traditional U.S. insurance subsidiaries was $634.4 million, of which $600.0 million was declared and paid. The amount available during 2012 from Unum Limited was £187.0 million, of which £75.0 million was declared and paid to one o...
77
10K
3655
1,286
Includes $42 million that is expected to be included in net periodic pension expense in 2009.
16
10K
PhoenixGroupHoldingsPLC-AR_2016
2,906
Sensitivity of profit after tax and equity to fluctuations in currency exchange rates is not considered significant at 31 December 2016, since unhedged exposure to foreign currency was relatively low (2015: not considered significant).
34
annual_report
308
541
EQUITY IN LOSS OF AFFILIATED COMPANY. During 1995, Wickes' equity in the losses of Riverside International LLC operations was $3.5 million. During 1994, the results of the Riverside International LLC operations were consolidated with those of Wickes and contributed a loss of approximately $0.4 million (pre-tax). See "I...
67
10K
2174
1,083
For the years ended December 31, 2003, 2002 and 2001, our rental expense (income) was approximately $8.7 million, $3.2 million and ($132,000), respectively. Our future minimum rental charges for the remaining terms of our existing leases, exclusive of escalation clauses and maintenance costs and net of rental income, w...
82
10K
INGGroepNV-AR_2017
894
Dakota Access Pipeline – what happens when concerns are raised after ESR due diligence has taken place?
17
annual_report
4987
681
We estimate IBNR reserves by reserve cell, by accident year, using the expected loss emergence patterns and the expected loss ratios. The expected loss emergence patterns and expected loss ratios are the critical IBNR reserving assumptions and are updated annually. Once the annual IBNR reserves are determined, our actu...
122
10K
5727
546
(3) Yield on average invested assets did not include the investment income from cash equivalents.
15
10K
RaiffeisenBankInternationalAG-AR_2010
3,571
Call/time deposits from trading purposes 0 0 0 4,072 0 0
11
annual_report
AvivaPLC-AR_2000
245
Ongoing business 1,407 1,534 Taxation, minorities and preference dividend (516) (518)
11
annual_report
5616
2,237
The tables below present the derivative instruments by assets and liabilities for the Company as of December 31, 2017:
19
10K
4420
953
We use detailed analysis to estimate uncollectible reinsurance by applying the bad debt provision to reinsurance recoverable balances by reinsurer to determine the portion of a reinsurer’s balance deemed to be
31
10K
2772
942
Certain legal proceedings are in process at December 31, 2005. Costs for these and similar legal proceedings, including accruals for outstanding cases, totaled approximately $2.2 million in 2005, $2.2 million in 2004, and $1.1 million in 2003. These proceedings involve alleged breaches of contract, torts, including bad...
73
10K
AdmiralGroupPLC-AR_2010
401
Admiral has typically been able to produce an advantage over the UK market in combined ratio terms of around 30 percentage points. There is a risk that this advantage and/or the level of underwriting profi t generated by Admiral could erode.
41
annual_report
GjensidigeForsikringASA-AR_2017
2,257
Total auditor's fee (incl. VAT) 6.7 7.6 1 Other expenses include cost reductions for Gjensidige Forsikring ASA in connection with duties performed for subsidiaries and cost allocations to claims and finance.
31
annual_report
fr_axa-AR_2004
810
Reinsurance: Revenues increased by 13%, due to the non-recurrence of some 2004 negative premium adjustments, the increase in reinstatement premiums linked to major events in 2005 and higher premiums in selected non proportional General Liability business, taking advantage of favorable pricing conditions, as well as in ...
48
annual_report
PosteItalianeSpA-AR_2019
8,154
With reference to the monitoring thresholds of concentration risk, the limits set by prudential regulations are applied141.
17
annual_report
gb_lloyds_banking_grp-AR_2019
514
The Board supports the Group’s 10 regional ambassadors that cover the home nations of Scotland, Wales and Northern Ireland, and the seven regions of England. Through the programme we have established strong relationships with politicians, the media, local councils and other community institutions to offer our insight o...
57
annual_report
2698
360
Product development activities are important to providing appropriate products to a highly competitive marketplace. We have introduced new products with fixed-interest and equity-index components over the last two years that have contributed to improving sales trends. With careful hedging of the economic risk of equity...
103
10K
4376
724
We can give no assurance that our entry into these new service areas will be favorable to our financial position, results of operations or cash flows in future periods.
29
10K
AvivaPLC-AR_2020
2,033
The Committee felt an upward adjustment of 5% was appropriate given the circumstances.
13
annual_report
5284
1,054
Through its operating subsidiaries based in Bermuda, the United States and the United Kingdom, the Company focuses on underwriting specialty lines of personal and commercial property and casualty insurance and reinsurance on a global basis. The Company's portfolio of specialty lines of business is organized into two bu...
53
10K
NatixisSA-AR_2015
289
V Correspondent banking: Natixis fosters close relationships with several banking partners to provide its customers’ business with worldwide coverage.
19
annual_report
2378
1,383
We seek to limit our loss exposure by writing a number of our reinsurance contracts on an excess of loss basis, adhering to maximum limitations on reinsurance written in defined geographical zones, limiting program size for each client and prudent underwriting of each program written. In the case of proportional treati...
243
10K
1381
318
Reconciliation of fair value of plan assets: Fair value of plan assets at January 1 $ 39,131,891 $ 34,401,026 Actual return on plan assets (1,475,609) 6,004,071 Benefit payments (1,297,504) (1,273,206) Fair value of plan assets at December 31 $ 36,358,778 $ 39,131,891
42
10K
fr_axa-AR_2011
10,986
3) Resolve that the issue price of the new shares to be issued pursuant to this authorization (i) shall not be more than 20% lower than the average quoted price of the AXA share on NYSE Euronext Paris over the twenty trading days preceding the day on which the Board of Directors, or its delegatee, sets the opening date...
78
annual_report
RaiffeisenBankInternationalAG-AR_2010
1,882
When current bid and asking prices for financial instruments are unavailable, the prices of similar financial instruments provide evidence of the current fair value or are determined by accepted measurement methods enclosing observable prices or parameters (in particular present value calculation or option price model)...
57
annual_report
ScorSE-AR_2011
6,019
The approved maximum total underwriting capacity (i.e. Gross Premium – Acquisition Costs) of a Lloyd’s Syndicate or
17
annual_report
HelvetiaHoldingAG-AR_2014
3,727
Deferred taxes Deferred taxes arise due to temporary taxable differences between the local tax balance and the IFRS balance.
19
annual_report
StorebrandASA-AR_2007
670
Bank and Storebrand Investments are drawn from the group’s senior employees, employee representatives, and external members with expertise relevant to the business of the company in question.
27
annual_report
RSAInsuranceGroupPLC-AR_2014
618
���+HLHSDC�DWONRTQD�SN�CDãMDC� segments of special high risk business (e.g. Terrorism, Nuclear, Inwards Re)
12
annual_report
279
435
Generally, the net assets of the consolidated insurance subsidiaries available for transfer to ACCEL are limited to the amounts that the insurance subsidiaries' net assets, as determined in accordance with statutory accounting practices, exceed minimum statutory capital and surplus requirements; however, payments of su...
108
10K
4448
1,149
The Company invests in various tranches of securitization entities, including RMBS, CMBS and ABS. Some RMBS investments are in various senior level tranches of mortgage securitizations issued and guaranteed by Fannie Mae, Freddie Mac, or a similar government-sponsored entity, typically referred to as “agency pass-throu...
109
10K
fr_axa-AR_2009
1,141
entered into a purchase agreement under which certain former shareholders of Sanford C. Bernstein have the right to sell (“Put”)
20
annual_report
806
231
We have audited the accompanying consolidated balance sheets of Philadelphia Consolidated Holding Corp. and Subsidiaries as of December 31, 1997 and 1996 and the related consolidated statements of operations, changes in shareholders' equity and cash flows for each of the three years in the period ended December 31, 199...
76
10K
4721
1,304
Interest expense for the year ended December 31, 2012 was $4.1 million compared to $6.5 million for the same period in 2011. The decrease in interest expense from 2011 is mainly from debt incurred in 2011 to settle investigation-related litigation that was later redeemed in the fourth quarter of 2011, as discussed belo...
75
10K
StorebrandASA-AR_2017
2,869
SPP bears the risk of achieving a return equal to the guaranteed interest on the policyholders’ assets over time and that the level of the contracts’ assets is greater than the present value of the insurance liabilities. For IF, pro�t sharing becomes relevant in SPP if the return exceeds the guaranteed yield. The contr...
111
annual_report
4714
1,627
Commissions deferred as a percentage of total acquisition costs deferred were 81% in 2013, compared with 84% in 2012 and 82% in 2011.
23
10K
StorebrandASA-AR_2010
204
Storebrand has provided pension services since 1917, however interest in and knowledge about pensions has never been higher than in recent years. This can also be clearly seen in other places in Europe where financial instability and increased national debt has turned the spotlight on the ability to sustain state pensi...
55
annual_report
5561
492
Deferred tax liabilities and assets at December 31, 2018 and 2017 were comprised of the following:
16
10K
778
280
In March 1994, the Company's Employee Stock Ownership Plan (the "Plan") purchased 322,000 shares of Mercury General's common stock in the open market at a price of $14.875 per share, adjusted for the two-for-one stock split effective September 16, 1997. The purchases were funded by a five year term bank loan of $5.0 mi...
245
10K
2200
2,765
We also face competition because of entities that self-insure, primarily in the commercial insurance market. From time to time, certain of our customers and potential customers may examine the benefits and risks of self-insurance and other alternatives to traditional insurance.
40
10K
NatwestGroupPLC-AR_2019
3,653
18. Netting Financial assets and financial liabilities are offset and the net amount presented in the balance sheet when, and only when, RBS Group currently has a legally enforceable right to set off the recognised amounts and it intends either to settle on a net basis or to realise the asset and settle the liability s...
102
annual_report
4232
739
CMS is continuing to perform audits of various companies’ selected Medicare Advantage contracts related to this risk adjustment diagnosis data. These audits are referred to herein as Risk-Adjustment Data Validation Audits, or RADV audits. RADV audits review medical record documentation in an attempt to validate provide...
96
10K
GjensidigeForsikringASA-AR_2011
36
The Group is well positioned for the next step. Our ambition is high: We aim to set a new standard for sale and service in the Nordic general insurance industry.
30
annual_report
ch_zurich_insurance_group-AR_2015
1,704
In determining the sensitivities, investments and liabilities are fully re-valued in the given scenarios. Each instrument is re-valued separately taking the relevant product features into account. Non-linear effects, where they exist, are reflected in the model. The sensitivities are shown after tax. They do not includ...
53
annual_report
4905
2,881
EFL’s primary commitment is its obligation to pay future policy benefits under the terms of its life insurance and annuity contracts. To meet these future obligations, EFL establishes life insurance reserves based upon the type of policy, the age, gender, and risk class of the insured, and the number of years the polic...
111
10K
5403
680
The Company's financial position at December 31, 2017 reflected increases in assets, liabilities, and common shareholders' equity of 4.4%, 3.8%, and 6.1%, respectively, when compared to the immediately preceding year-end. Cash and invested assets represented 69.8% and 69.9% of consolidated assets as of December 31, 201...
64
10K
2129
2,441
We calculate our estimate independently from those amounts calculated by our actuaries, and therefore, the final results are most often not the same. We estimate our amounts primarily by reviewing historical loss and LAE data, focusing
36
10K
1782
630
Benefits to Policyholders. Total benefits to policyholders in 2000 increased 21.6% to $243,571, compared to $200,328 in 1999. Our loss ratio, or policyholder benefits to premiums, was 68.2% in 2000, compared to 68.5% in 1999. This ratio is expected to grow as new business premiums as a percentage of total premiums decr...
52
10K
fr_axa-AR_2010
11,926
over 2010. In addition, detailed information concerning individual compensation of the AXA Management Committee members is provided for in Part 2, Section 2.2 of this Annual
26
annual_report
5003
1,870
Investment agreement contracts and MTNs issued by the Company’s corporate segment are insured by MBIA Corp. and are not included in the previous tables. If MBIA Inc. or these subsidiaries were to have insufficient assets to pay amounts due, MBIA Corp. would make such payments under its insurance policies. As of Decembe...
146
10K
AegonNV-AR_2014
2,312
Meeting of Shareholders. Shares may also be issued following a resolution of the Executive Board, providing, and to the extent that, the Board has been authorized to do so by the General
32
annual_report
4532
610
Corporate & Other Non-Core primarily includes certain corporate expenses, including interest on corporate debt, and the results of certain property and casualty business in run-off, including CNA Re and A&EP. In 2010, we ceded substantially all of our legacy A&EP liabilities under the Loss Portfolio Transfer, as furthe...
61
10K
3661
2,108
Corporate reported an operating loss in 2007 of $31.3 million, compared to operating income of $89.1 million in 2006. On a comparative basis, the 2006 results were particularly impacted by the total $201.7 million of gains resulting from the sales of the Star HRG and Student Insurance Divisions partially offset by the ...
57
10K
RSAInsuranceGroupPLC-AR_2018
179
Responding to changing market dynamics and insurance themes Well placed to support customer and industry needs now and into the future
21
annual_report
4095
2,457
On November 10, 2009, Prudential Financial’s Board of Directors declared an annual dividend for 2009 of 70 cents per share of Common Stock, payable on December 18, 2009, to shareholders of record at the close of business on November 24, 2009. The 2009 Common Stock dividend represents an increase of approximately 21 per...
59
10K
172
239
Cash and short-term investments were $86 million at December 31, 1995, compared with $120 million at year-end 1994. These liquid assets represented approximately 1% of total assets at December 31, 1995, compared with 1.5% at the end of the previous year. In addition to Torchmark's liquid assets, Torchmark has a portfol...
78
10K
gb_prudential-AR_2018
487
As a result of an improved regulatory outlook, rising interest rates and more aggressive product feature changes (ie withdrawal percentages) implemented by competitors, the annuity industry saw increased sales in 2018 (albeit still well below levels prior to the DoL Rules proposal). Sales in the variable annuity indust...
70
annual_report
TopdanmarkAS-AR_2016
960
Market risks Risk reducing activities Interest rate risk Topdanmark is exposed to interest rate risk due to provisions for outstanding claims in non-life insurance and guaranteed benefits in life insurance.
30
annual_report
4871
2,071
While the annualized investment yield after-tax of 3.0% decreased 10 basis points compared to the prior year, new money yields decreased from 3.8% to 3.6% driven by lower interest rates, tighter credit spreads and the effect of reinvesting Japan sales proceeds into short-duration assets pending use for share repurchase...
49
10K
1928
259
Net cash used in investing activities in 2002 was $33.3 million compared to $3.7 million used in 2001. This increase reflects approximately $35 million of the Facility used for the cash portion of the purchase price for the Vitality acquisition (see Note 4 of Notes to Consolidated Financial Statements), partially offse...
74
10K