report_id
stringlengths
1
60
paragraph_nr
int64
0
28.3k
text
stringlengths
21
14.6k
n_words
int64
11
2.31k
filing_type
stringclasses
2 values
2142
2,048
At December 31, 2003, 2002 and 2001, our gross reserves for asbestos-related losses were $37.8 million, $42.1 million and $59.9 million, respectively ($17.8 million, $25.8 million and $28.6 million, net of reinsurance, respectively). At December 31, 2003, 2002 and 2001, our gross reserves for environmental-related loss...
66
10K
4731
397
Annualized premiums for accident and health insurance policies were $91,359 and $83,038 at December 31, 2013 and 2012, respectively.
19
10K
AvivaPLC-AR_2010
3,198
Net liability at 1 January (820) (421) Acquisition and disposal of subsidiaries (44) (22) Amounts charged to profit (note 13a) (398) (254) Amounts charged to other comprehensive income (note 13b) (146) (196) Exchange differences 7 37 Other movements (69) 36
40
annual_report
SwissLifeHoldingAG-AR_2020
2,250
The liquidity analysis of financial liabilities and commitments is based on undiscounted cash flows by remaining contractual maturities, whereas insurance and policyholder participation liabilities are analysed by estimated timing of net cash outflows. Cash outflows of derivative liabilities designated as cash flow hed...
85
annual_report
5524
1,902
The combined ratio increased to 107.4% for the year ended December 31, 2017 compared to 106.3% for the year ended December 31, 2016. The combined ratio was impacted by adverse prior year loss development of $5.4 million or 5.8 points in 2017 compared to $11.1 million or 11.9 points in 2016. Higher initial loss ratios o...
73
10K
NatwestGroupPLC-AR_2014
1,595
Our financial results show that, underneath the conduct issues, litigation and restructuring charges, there are strong customer franchises that are geared towards delivering sustainable returns for investors. The signs of improvement are there in customer feedback, our capital strength and reduced costs. All of these f...
51
annual_report
4726
569
The Company's fixed maturity portfolio totaled $431.6 million at December 31, 2013. Approximately 55% of this portfolio is made up of U.S. Government and government agency obligations and state and municipal debt securities; 74% of the portfolio matures within 5 years; and the average contractual maturity of the Compan...
163
10K
1187
317
COMMISSION INCOME. Commission income decreased slightly to $3.2 million for 1998 from $3.4 million for 1997. The decrease was primarily the result of decreased workers' compensation premiums placed with carriers other than PICO, a result of the Company's decision to focus on writing PICO workers' compensation insurance...
75
10K
3367
1,422
Our audited consolidated financial statements as of December 31, 2007 and 2006 and for the years ended December 31, 2007, 2006 and 2005 are incorporated elsewhere in this Annual Report on Form 10-K.
33
10K
AvivaPLC-AR_2009
2,482
Liability for investment contracts 35,109 — 61,890 3,216 3,403 1,643 2,298 — 107,559 Unallocated divisible surplus 2,727 — (548) 143 — 3 — — 2,325 Net asset value attributable to unitholders 986 — 2,713 591 — 175 — 2,453 6,918 External borrowings 2,716 11 184 6,786 163 — — 5,341 15,201 Other liabilities, including inte...
65
annual_report
5952
588
Earnings before income taxes for Alleghany Capital were $146.0 million in 2020, compared with $111.1 million in 2019 and $59.8 million in 2018. Adjusted earnings before income taxes were $153.9 million in 2020, compared with $142.6 million in 2019 and $83.3 million in 2018.
44
10K
4533
1,475
As of December 31, 2012, 96% of the unrealized losses on investment securities in the sovereign and supranational sector were related to investments that were investment grade, compared with 100% at December 31, 2011. We have determined that the majority of the unrealized losses on the investments in the sovereign and ...
89
10K
348
420
agreement and approximately $94 million from available cash and marketable securities accumulated at the parent company level. In connection with the payment of the special distribution, the Board of Directors also authorized a corresponding repricing of all outstanding stock options. This resulted in a new measurement...
94
10K
4864
1,759
It is the Company's policy to cease to carry accrued interest on loans that are over 90 days delinquent. For loans less than 90 days delinquent, interest is accrued unless it is determined that the accrued interest is not collectible. If a loan becomes over 90 days delinquent, it is the Company's general policy to init...
129
10K
NatixisSA-AR_2016
3,962
Natixis has established a system that ensures that: customers receive transparent information on how theira complaints are being handled; complaints are handled effectively;a identified.
24
annual_report
5765
1,552
TransRe has a Book Value Unit Plan and a Mid-Term Incentive Plan (collectively, the “TransRe Plans”) for the purpose of providing incentives to key employees of TransRe. Under the TransRe Plans, book value units (“BVUs”) and mid-term incentive plan (“MTIP”) awards are issued. BVUs and MTIP awards may only be settled in...
201
10K
3827
1,466
loss expenses less cumulative paid losses and loss expenses and case reserves. Our actuaries employ generally accepted actuarial methodologies to determine estimated ultimate loss reserves.
25
10K
LloydsBankingGroupPLC-AR_2008
2,765
The financial information has been prepared under the historical cost convention, as modified by the revaluation of investment properties, availablefor -sale financial assets, trading securities and certain other financial assets and liabilities at fair value through profit or loss and all derivative contracts.
43
annual_report
HannoverRueckSE-AR_2007
416
Hannover Life Re operates through three different risk carriers in this market: Hannover Life Re UK based outside London provides a broad range of services in support of conventional reinsurance business, with an emphasis on risk transfer for mortality covers and critical illness
43
annual_report
SwissReAG-AR_2003
1,054
The profitability of the business group substantially increased in 2003 with the combined ratio improving to 98.4%, down from 104.1% in 2002. This was achieved through rate increases, disciplined underwriting and efficiency gains. Premiums earned grew 25% in original currencies.
40
annual_report
3313
1,342
Other liabilities declined 25 percent to $29.1 million as of December 31, 2007 from $38.9 million as of December 31, 2006. The decline in other liabilities is primarily due to declines in amounts accrued for guarantee fund assessments and liabilities associated with the PRI commutation. These transactions were paid or ...
56
10K
gb_lloyds_banking_grp-AR_2015
4,219
Risk-free rate (value of in-force annuity business)1 0.85 to 5.64 1.02 to 4.56
13
annual_report
AdmiralGroupPLC-AR_2004
753
Profit before tax, using longer-term investment return assumptions is not materially different to the reported profit before tax using actual investment returns.
22
annual_report
2371
647
Catalyst Rx provides its clients access to a contracted, non-exclusive national network of more than 53,000 pharmacies. Catalyst Rx’s services provide our clients’ members with timely and accurate benefit adjudication, while controlling pharmacy spending trends through customized plan designs, physician orientation pro...
177
10K
AvivaPLC-AR_2010
306
Aviva Europe performance Increased profit in a challenging market Aviva Europe increased IFRS operating profits by 13% to £898 million (2009: £797 million) underpinned by disciplined capital management and driven by a pan-European distribution model through our retail and bancassurance channels.
41
annual_report
3644
500
which was 3.0% more than $1,575 in 2006. Commercial lines new business policies in force increased to 88,632 at December 31, 2008, up 2.6% from 86,403 at December 31, 2007, which was up 13.0% from 76,478 at December 31, 2006. Factors contributing to the increase in new commercial lines premiums written in 2008 include ...
129
10K
LloydsBankingGroupPLC-AR_2011
6,322
Subordinated liabilities Liabilities which, in the event of insolvency or liquidation of the issuer, are subordinated to the claims of depositors and other creditors of the issuer. Details of the Group’s subordinated liabilities are set out in note 46.
39
annual_report
SwissLifeHoldingAG-AR_2015
707
In addition to direct feedback, Swiss Life has established a host of local instruments to assess customer satisfaction and responsiveness to customer needs, such as with its own customer panels.
30
annual_report
ASRNederlandNV-AR_2016
4,588
• MVOI covenant a.s.r. Bank signed the MVOI covenant with other Dutch banks, trade unions, NGOs and the Dutch government in The Hague on 28 October 2016. The covenant is designed to allow banks to be more mindful of human rights when making investments or providing loans. Relevant aspects may include occupational healt...
87
annual_report
5160
2,411
Excludes $48 million and $139 million of long-term debt relating to CSEs at December 31, 2015 and 2014, respectively. See Note 8.
22
10K
2985
1,169
the rate that earnings on the reinsured business are expected to emerge, over a period of 15 years. During 2006, 2005 and 2004 we amortized $50 million, after-tax ($76 million pre-tax), $50 million, after-tax ($77 million pre-tax) and $57 million, after-tax ($88 million, pre-tax) respectively, of deferred gain on the s...
89
10K
ASRNederlandNV-AR_2017
1,712
Changes in the expected actuarial assumptions and differences with the actual actuarial outcomes are recognised in the actuarial gains and losses included in other comprehensive income (component of total equity).
30
annual_report
4450
1,202
Quoted prices for identical or similar assets or liabilities in non-active markets; or
13
10K
PowszechnyZakladUbezpieczenSA-AR_2016
2,926
• conclusion of a material agreement by the Company and its related party, as understood by the Ordinance on current and periodic information, excluding standard agreements concluded by the Company on an arm’s length basis as part of its operating activities; • conclusion of the agreement by the Issuer with the underwr...
61
annual_report
4577
923
A significant judgment in the valuation of investments is the determination of when an other-than-temporary decline in value has occurred. We follow a consistent and systematic process for recognizing impairments on securities that sustain other-than-temporary declines in value. We have established a committee responsi...
98
10K
2175
839
Our subsidiary, United National Insurance Company, was involved in an arbitration proceeding with Riunione Adriatica Di Sicurta, or “RAS,” which had acted as our reinsurer relative to certain of our products written in 1993 and 1994. RAS was seeking to rescind the reinsurance agreement, to prohibit us
47
10K
SwissLifeHoldingAG-AR_2005
593
Impact of 100 bp decrease in risk discount rate +375 +294 +669
12
annual_report
2112
1,714
INABILITY TO ATTRACT AND RETAIN HIGHLY SKILLED PERSONNEL, which would make it difficult to conduct the businesses of certain of our subsidiaries, including WilTel and Symphony;
26
10K
3194
2,295
The Company continues to believe it has meritorious positions in these ACandS-related proceedings and intends to litigate vigorously.
18
10K
1003
220
The amount of dividends which may be paid to the Company from insurance subsidiaries are limited by state regulation. In the past, the insurance subsidiaries have been allowed, with prior notification to the OCI, to pay dividends in excess of the ordinary dividend levels prescribed by regulation.
47
10K
5689
984
For equity securities, the Company evaluates its ability to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. Evidence considered to determine anticipated recovery are analysts’ reports on the near-term prospects of the issuer and the financial cond...
86
10K
4374
1,342
The Insurance Subsidiaries prepare their statutory financial statements in accordance with accounting principles prescribed or permitted by the various state insurance departments of domicile. Prescribed statutory accounting principles include state laws, regulations, and general administrative rules, as well as a vari...
148
10K
2776
982
Loss and loss adjustment expenses are a function of the amount and type of reinsurance and insurance contracts we write and of the loss experience of the underlying risks. Loss and loss adjustment expense reserves include a component for outstanding case reserves for claims which have been reported and a component for ...
174
10K
NatixisSA-AR_2008
5,731
IAS 39 and IFRS 7 “Reclassifi cation of fi nancial assets” published on October 13, 2008. Instruments reclassifi ed in this category met the defi nition of loans and advances at the reclassifi cation date, i.e. they were not quoted on an active market or were no longer quoted at the reclassifi cation date. Assets recla...
75
annual_report
Sampoplc-AR_2005
1,511
Accumulated depreciation –1 –5 –6 Accumulated impairment losses –1 – –1 Net carrying amount 19 6 25
17
annual_report
gb_lloyds_banking_grp-AR_2013
6,240
If the adjusted eP reaches £567 million, 25 per cent of this element of the award, being the threshold, will vest. If the adjusted eP reaches £1,534 million, 100 per cent of this element will vest.
36
annual_report
5710
1,278
The following is a summary of the post-offering compensation included in the 2019 Plan, including the number of common stock shares granted to each award mentioned below:
27
10K
4989
3,623
observable prices and spreads for similar publicly traded or privately traded securities that incorporate the credit quality and industry sector of the issuer
23
10K
nl_ing_grp-AR_2012
3,919
ING Bank holds specific and collective provisions of EUR 3,415 million and EUR 1,336 million, respectively (2011: EUR 3,040 million and EUR 1,133 million respectively), representing the difference between the amortised cost of the portfolio and the estimated recoverable amount discounted at the effective rate of intere...
74
annual_report
ASRNederlandNV-AR_2017
2,397
ASR Nederland N.V. employees The a.s.r. post-employment benefit plans are based on an average-salary pension. All employees who commenced service after 1 January 2006 are included in one post-employment benefit plan (‘Basic plan’). All other employees remain active within the existing plan at the date of first employme...
80
annual_report
AssicurazioniGeneraliSpA-AR_2014
749
Premiums written trend in the fourth quarter is positive in both segments.
12
annual_report
3216
493
Direct premiums written decreased 2.3% in 2006, while increasing 0.7% in 2005 and 9.3% in 2004; less than our long-term goal of 15%. Market conditions in California were somewhat less favorable for growth in 2006 than in the preceding two years. Since 2004, we have met our profitability goals, posting our best combined...
178
10K
3162
369
performance-based fees of $1,587 and $1,687, respectively, to these organizations for management of these limited partnerships. Fees paid in 2004 for management of a single limited partnership were $21. The Company has been informed that the fee rates applied to its investments in these limited partnerships are the sam...
63
10K
2821
844
Office, vehicle and equipment rental expense decreased $3,000 or 20% in 2005 as compared to 2004 primarily as a result of closing the UMC sales office in Midland, Texas concurrent with the relocation of UMC's Vice President of Sales and Marketing to the Garland, Texas office.
46
10K
fr_axa-AR_2017
5,187
The changes in investment impairments for available for sale assets include impairment charges on investments, and release of impairments only following revaluation of the recoverable amount. Write back of impairments following investment sales are included in the net realized capital gains or losses on investments agg...
46
annual_report
5193
681
Insurance Underwriting leases facilities with an aggregate square footage of approximately 68,274 at four locations in four states. The latest expiration date of the existing leases is in November 2019.
30
10K
5415
9,086
In addition to the normal risks of the business, Allstate is subject to significant risks as an insurer and a provider of other products and financial services. These risks are discussed in more detail in the Risk Factors section of this document. We regularly measure, monitor and report on all significant risks, but t...
159
10K
fr_axa-AR_2000
1,072
Revenue growth in the International Insurance Segment was 2.7%. The increase in gross premiums earned by the Large Risks operations (9.5%) was partially offset by the 13.7% decrease in gross premiums earned by the reinsurance operations.
36
annual_report
PowszechnyZakladUbezpieczenSA-AR_2015
882
Between 12 October 2015 and 18 December 2015, Alior Bank was considered as an associated entity.
16
annual_report
ch_zurich_insurance_group-AR_2007
3,175
Operating sensitivities • 10% decrease in voluntary discontinuance rates (e.g. a base assumption of 5% p.a. would decrease to 4.5% p.a.); • 10% decrease in maintenance expenses (e.g. a base assumption of USD 30 p.a. would decrease to USD 27 p.a.); • 10% decrease in initial expenses and commissions (new business values ...
134
annual_report
5292
561
The Berkshire Hathaway Primary Group (“BH Primary”) consists of a wide variety of independently managed insurance underwriting businesses that primarily provide a variety of commercial insurance solutions, including healthcare malpractice, workers’ compensation, automobile, general liability, property and various speci...
94
10K
ScorSE-AR_2012
452
Although it is of course not possible to quantify the impact of these requirements, nor their scope, it is very likely that r isk management and control measures will be reinforced for reinsurers in the near future, which may in turn result in an increase in regulatory capital requirements (or a reduction in the underw...
89
annual_report
ScorSE-AR_2020
4,944
6.3.4. ANTI-CORRUPTION As mentioned in the Code of Conduct, SCOR has a zero-tolerance approach to corruption, including active and passive bribery and influence peddling. The Group Policy on Anti-Bribery clearly defines corrupt practices and provides guidance for employees in recognizing and preventing corrupt practice...
44
annual_report
4013
705
The following table summarizes the Company’s derivative securities at December 31, 2009 and 2008:
14
10K
1011
544
(E) Represents costs directly related to the reorganization consisting primarily of printing, postage, legal and consulting costs. These costs were not of a continuing nature and were not expected to have any effect on future operations.
36
10K
ch_zurich_insurance_group-AR_2009
627
Total Group business volumes comprising gross written premiums, policy fees, insurance deposits and Farmers Management Services management fees increased by USD 4.6 billion or 7.1 percent in U.S. dollar terms and by USD 8.2 billion or 12.6 percent on a local currency basis, underscoring the Group‘s ability to grow sele...
203
annual_report
AdmiralGroupPLC-AR_2014
976
@ Review the Group’s procedures for handling allegations from whistleblowers and for detecting fraud.
14
annual_report
4424
1,605
Legally defeased bond issuances where our financial guaranty policy is not extinguished, but cash or securities in an amount sufficient to pay remaining obligations under such bonds have been deposited in an escrow account for the benefit of the bondholders.
40
10K
5620
707
Gross written premiums increased by 5.5% to $1,339.5 million in 2017 compared to $1,269.1 million in 2016, primarily due to increases in Middle East, African and Asian business and the positive impact of $22.0 million from the movement of foreign exchange rates, partially offset by a decline in Latin American business....
187
10K
5143
1,242
Trending Market Opportunities. We believe that macroeconomic conditions will provide us with growth opportunities in each of our business segments. Increasing automobile sales and credit availability should expand
28
10K
870
355
Pruco Life of New Jersey utilizes many of the same business applications, infrastructure and business partners as Prudential. Prudential has addressed the Year 2000 issue on an enterprise-wide basis. Therefore, it is not possible to differentiate Pruco Life of New Jersey's Year 2000 issue from that of Prudential. The a...
67
10K
HannoverRueckSE-AR_2010
1,499
Board and Supervisory Board consistently address changes in the relevant legal framework conditions in a timely manner and the latest legal developments are promptly codified in internal corporate standards. With this in mind, the Rules of Procedure of the Supervisory Board underwent a thorough revision in the year und...
241
annual_report
2335
1,257
The carrying value of fixed maturity securities available-for-sale, mortgage loans on real estate and real estate investments which were non-income producing totaled $133.0 million and $37.3 million at December 31, 2003 and 2002, respectively.
34
10K
AvivaPLC-AR_2007
1,989
Of the total cash and cash equivalents, £96 million (2006: £nil) was classified as held for sale (see note 3(d)).
20
annual_report
4121
5,309
(1)Unrealized net capital gains and losses for fixed income securities as of December 31, 2009 comprises $(679) million related to unrealized net capital losses on fixed income securities with other-than-temporary impairment and $(1,798) million related to other unrealized net capital gains and losses. (2)The insurance...
313
10K
5137
985
The following table sets forth the best estimate of our known contractual obligations with respect to the items indicated as of December 31, 2015:
24
10K
ScorSE-AR_2011
3,858
Partner employee and to the satisfaction of performance conditions for Partners.
11
annual_report
HiscoxLtd-AR_2019
643
Richard worked for Hiscox for over 30 years and held a number of senior roles across the Group including Managing Director of Hiscox Global Markets, Active Underwriter of Syndicate 33, and CEO of Hiscox USA, before succeeding Robert Childs as Group Chief Underwriting Officer in 2012. He retired as Group Chief Underwrit...
73
annual_report
AvivaPLC-AR_2018
3,091
On 30 April 2018 Aviva announced a charge of £14 million relating to a provision for the goodwill payment scheme to those preference shareholders who sold preference shares in the period from 8 and 22 March (inclusive) at a share price that was lower than the price that the preference shares returned to following the a...
121
annual_report
4779
4,041
MetLife, Inc.’s foreign operations are regulated by applicable authorities of the countries in which each entity operates and are subject to minimum capital and solvency requirements in those countries before corrective action commences. At December 31, 2013 and 2012, the adjusted capital of American Life’s insurance s...
138
10K
ScorSE-AR_2018
5,196
UNCONSOLIDATED CORPORATE FINANCIAL STATEMENTS OF SCOR SE Certification of audit of historical financial information C
15
annual_report
BaloiseHoldingLtd-AR_2002
151
In the 2002 financial year, compliance with the risk management considerations and supervisory regulations compelled the Baloise Group, like other institutional investors, to deviate from its customary anticyclical investment strategy and – procyclically – sell equities into a falling market. In this difficult stock ma...
67
annual_report
RaiffeisenBankInternationalAG-AR_2017
1,115
Fair value changes of financial liabilities at fair value through profit or loss attributable to changes in their default risk (139,643) 0 (139,643) 0 0 0
26
annual_report
441
381
The Company classifies fixed maturity securities (bonds and redeemable preferred stocks) and equity securities held by insurance subsidiaries as available for sale and they are carried at fair value. The amortized cost of fixed maturity securities is adjusted for amortization of premiums and accretion of discounts to m...
102
10K
nl_ing_grp-AR_2012
5,144
Approaches applied by ING Bank On 1 January 2008, ING Bank adopted the Advanced Internal Ratings Based (AIRB) approach for the majority of its significant portfolios that contain credit risk in accordance with the approvals granted by DNB (Dutch Central Bank), and various local regulators, as required. However, there r...
137
annual_report
AegonNV-AR_2004
726
Off balance sheet products include managed assets such as mutual funds, collective investment trusts and synthetic GICs.
17
annual_report
StorebrandASA-AR_2003
809
JP Morgan Chase Bank Client (NOM*) GBR 5 684 825 2.04
11
annual_report
2510
1,694
During 2004, fixed maturities increased $695, or 3%, primarily due to positive operating cash flow, partially offset by $1.15 billion of payments made pursuant to the MacArthur settlement.
28
10K
NatixisSA-AR_2016
9,736
In addition, as a bank that has signed the Equator Principles, Natixis pays particular attention to the protection of biodiversity in relation to financed projects, in accordance with International Finance Corporation (IFC) standards.
33
annual_report
gb_lloyds_banking_grp-AR_2019
1,869
Subsequently the Board will consider the recommendations and agree an action plan.
12
annual_report
5710
1,430
The cost of fixed income securities is adjusted for the amortization of any purchase premiums and the accretion of purchase discounts from the time of purchase of the security to its sale or maturity. This amortization of premium and accretion of discount is recorded in net investment income in the consolidated stateme...
79
10K
RSAInsuranceGroupPLC-AR_2014
278
needs to move forward as does the sophisticated use of data to make the best underwriting decisions, and for this we now have plans in place.
26
annual_report
5248
1,191
For the year ended December 31, 2016, the loss related to the combined GMWB derivatives, net, which include the GMWB product, reinsurance, and hedging derivatives, was primarily driven by losses of $53 due to liability/model assumption updates, $22 due to the effect of increases in equity markets and losses of $12 resu...
116
10K
SwissReAG-AR_1984
429
Capital funds at end of previous year 936 872 Effects of exchange rate fluctuations on opening balance-sheet figures 66 15 Raid-out profits for previous year - 55 - 53 Issue of non-voting share capital of Swiss Re, Zurich 95 _ Group profit 120 105 Other movements 10 - 3
49
annual_report
5175
792
General insurance expenses include amounts provided for various legal matters and outstanding litigation. As more fully described in Item 3. Legal Proceedings of this report, the Company entered into a settlement agreement pertaining to a class action lawsuit which was approved by the U.S. District Court in February 20...
148
10K
5011
1,991
ABS, including CDO and Consumer and other ABS, totaled $765 million as of December 31, 2014, with 88.2% rated investment grade and an unrealized net capital loss of $8 million. Credit risk is managed by monitoring the performance of the underlying collateral. Many of the securities in the ABS portfolio have credit enha...
65
10K
BaloiseHoldingLtd-AR_2001
710
Acquisition of intangible assets and tangible non-current assets - 86.2 - 189.1
12
annual_report
5108
1,567
Consolidated Statements of Changes in Shareholders' Equity for the years ended December 31, 2015, 2014 and 2013
17
10K
HannoverRueckSE-AR_2011
4,779
location year were exercised. The total amount paid out stood at EUR 4.7 million.
14
annual_report
LloydsBankingGroupPLC-AR_2015
2,432
The stock of repossessions decreased to 654 cases at 31 December 2015 compared to 1,740 cases at 31 December 2014.
20
annual_report