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
StandardLifeAberdeenPLC-AR_2011
1,444
A detailed description of EEV methodology is provided in Note 3.17. There have been no significant changes to EEV methodology from that adopted in the previous reporting period, except as noted below.
32
annual_report
ASRNederlandNV-AR_2017
801
The acquisitions offered a.s.r. forward integration in the insurance chain and improved insights into customer needs, which a.s.r. believes will enable it to adjust its product portfolio and/or distribution mix and therefore align its product range more closely with customer needs. a.s.r. also believes these acquisitio...
104
annual_report
LloydsBankingGroupPLC-AR_2011
72
Total costs fell 4 per cent, primarily driven by Integration and Simplification related savings and lower bonus accruals, partially offset by inflationary pressures and UK bank levy and FSCS costs
30
annual_report
ASRNederlandNV-AR_2014
1,197
Market risk arises from changes in the level or the volatility of market prices. Exposure to market risk is measured by the impact of movements in financial variables such as equity prices, interest-rates and property prices. The several types of market risk, which are discussed in this section, are: • interest-rate ri...
67
annual_report
4948
1,489
We establish reserves for the estimated total unpaid costs of losses including loss adjustment expenses (“LAE”), for losses that occurred in 2014 and prior. Unless otherwise specified below, the term “loss reserves” encompasses reserves for both losses and LAE. Loss reserves reflect management’s best estimate of the to...
171
10K
HelvetiaHoldingAG-AR_2013
2,193
Fair value Maturity of non­discounted flows of funds as of 31.12.2013 < 1 year 1–5 years 5–10 years > 10 years in CHF million
24
annual_report
3961
1,553
WM Life Re reinsures death and living benefit guarantees associated with certain variable annuities issued in Japan. WM Life Re has assumed the risk related to a shortfall between the account value and the guaranteed value that must be paid by the ceding company to an annuitant or to an annuitant’s beneficiary in accor...
144
10K
PhoenixGroupHoldingsPLC-AR_2009
1,551
37. Stock lending The Group lends listed financial assets held in its investment portfolio to other institutions. The Group conducts its stock lending programme only with well-established, reputable institutions in accordance with established market conventions.
35
annual_report
1308
349
The Company will continue to emphasize the development of the institutional life insurance and annuity markets. Internet sales and service is also expected to play a significant role in the life insurance business lines. Increased emphasis was placed on improving Internet functionality during 1999, and it will continue...
62
10K
ch_zurich_insurance_group-AR_2012
60
The Zurich Way Create a competitive edge by sharing best practices.
11
annual_report
INGGroepNV-AR_2009
2,547
Associates exemption –135 69 –814 Other income not subject to tax –227 –210 –577 Expenses not deductible for tax purposes 47 106 93 Impact on deferred tax from change in tax rates –25 –9 Deferred tax benefit from previously unrecognised amounts –32 –64 Current tax benefit from previously unrecognised amounts –222 Write...
73
annual_report
4991
898
For the year ended December 31, 2012, approximately 42% of our total fee income and fee income from related party was attributable to our contracts with Guarantee Insurance and approximately 35% and 21% of our total fee income and fee income from related party were attributable to our contracts with our second and thir...
57
10K
4675
964
We lease commercial office space in one building in West Des Moines, Iowa, for our principal offices under an operating lease that expires on November 21, 2021. We also lease our office in Pell City, Alabama, pursuant to an operating lease that expires on December 31, 2013. We are fully utilizing these facilities and b...
68
10K
4690
458
In estimating the time interval for payment of property and casualty claim reserves, the Company utilized historical payment patterns. By the nature of the insurance contracts under which these liabilities exist, there can be no certainty that actual payments will fall in the periods indicated above. However, managemen...
117
10K
StorebrandASA-AR_2010
1,145
share issue 10 10 purchase of minority interests -1 -1 3 2 profit for the year 1,471 1,471 9 1,480
20
annual_report
900
171
Certain risks and uncertainties are inherent in UNUM's business. Therefore, UNUM cautions the reader that revenues and income could differ materially from those expected to occur depending on factors which may be global or national in scope, related to the insurance industry generally, or applicable to UNUM specificall...
193
10K
StorebrandASA-AR_2006
1,955
For products subject to profit sharing, the profit is in principle allocated between policyholders and the owner in accordance with the company’s internal profit-sharing model. The profit to the owner is made of three elements: net return on the company’s equity, a return of up to 0.40% of policyholders funds (subject ...
95
annual_report
SwissReAG-AR_2020
1,700
• Sustainability risk comprises the environmental, social and ethical risks that may arise from individual business transactions or the way Swiss Re conducts its operations.
25
annual_report
BeazleyPLC-AR_2015
356
In these circumstances it is not realistic to expect specialist insurers’ returns to defy gravity and a strong – top quartile – ROE would likely be in the low double digits. Our focus at Beazley will remain on achieving consistently good returns relative to the overall market.
47
annual_report
2335
755
LNC’s sales in 2003 of individual variable annuities were driven by the introduction of the Principal Securitysm benefit in June of 2003. Lincoln ChoicePlussm variable annuity gross deposits were up 13% and American Legacy variable annuity gross deposits were up nearly 3% compared to 2002 as a result of guaranteed mini...
254
10K
NatixisSA-AR_2019
10,097
Employees of Natixis S.A. and its subsidiaries Staff representatives and unions
11
annual_report
PosteItalianeSpA-AR_2015
1,742
regulation no. 32), measurement is based on the bid price provided by the financial counterparties with which buyback agreements have been struck.
22
annual_report
HannoverRueckSE-AR_2017
3,560
No audit measures pursuant to § 111 Para. 2 Sentence 1 Stock Corporation Act (AktG) were required in the 2017 financial year.
22
annual_report
5627
1,281
Net cash used in investment activities has been retrospectively adjusted to reflect the adoption of ASU 2016-18, "Statement of Cash Flows (Topic 230): Restricted Cash" effective January 1, 2018. Accordingly, investment activities for years ended 2017, 2016, 2015 and 2014 were adjusted by $95.5 million, ($88.1) million,...
65
10K
RSAInsuranceGroupPLC-AR_2008
283
insurance and can provide much needed simple, low cost products. We are working with utility companies, among others, to cost effectively access these large markets using their existing billing systems.
30
annual_report
nl_ing_grp-AR_2011
1,813
Loans to, or guaranteed by, public authorities 1 2 3 3 3
12
annual_report
ASRNederlandNV-AR_2014
1,393
Without profit-sharing 4,161 1,574 5,735 Contractual profit-sharing (and interest margin participation) 5,984 5,819 11,803 Discretionary profit-sharing 2,150 0 2,150
19
annual_report
AegonNV-AR_2007
3,715
Realized gains and losses on fi nancial investments relate to: 2007 2006 2005
13
annual_report
4474
1,705
As discussed in Note 2, a loss reserve is recorded on the balance sheet on a policy-by-policy basis for the excess of: (a) the present value of expected net cash flows to be paid under an insurance contract, i.e. the expected loss, over (b) the UPR for that contract. Below is the loss reserve roll-forward, net of subro...
70
10K
4159
2,351
(1)In 2009, AGC issued a $300.0 million surplus note to AGM. Under accounting practices prescribed or permitted by insurance regulatory authorities, these surplus notes are accounted for as contributed capital, as opposed to debt under GAAP.
36
10K
PosteItalianeSpA-AR_2020
1,746
With reference to financial performance, the value of cash and cash equivalents is amply able to cover expected financial requirements. More specifically, at 31 December 2020, the Group’s free liquidity managed by the Mail, Parcels and Distribution SBU amounted to €2.3 billion (of which €2.2 billion relating to the Par...
96
annual_report
2384
789
Premiums written and earned-PMI’s net premiums written refers to the amount of premiums recorded based on effective coverage during a given period, net of refunds and premiums ceded primarily under captive reinsurance agreements. Under captive reinsurance agreements, PMI transfers portions of its risk written on loans ...
106
10K
4535
1,629
For the year ended December 31, 2011, actual experience differed from the Company's key assumptions, resulting in favorable incurred claims related to prior years' medical claims payable of $140 million, or 1.5% of the current year incurred claims as reported for the year ended December 31, 2010. Actual completion fact...
72
10K
SwissReAG-AR_2006
76
The Group is fully committed to sound corporate governance. Its organisation and structure, as well as its risk and capital management assurance functions are defined by a governance framework that supports the Group’s success, and protects the interests of shareholders and other stakeholders.
43
annual_report
4668
1,406
Equity securities in an unrealized loss position decreased $34 million during the year ended December 31, 2012 from $57 million to $23 million. Of the $23 million, $19 million were from four equity securities with gross unrealized losses of 20% or more of cost for 12 months or greater, of which 74% were financial servi...
70
10K
RaiffeisenBankInternationalAG-AR_2012
1,301
This category comprises mainly all those financial assets that are irrevocably designated as financial instrument at fair value (socalled fair value option) upon initial recognition in the statement of financial position independent of the intention to trade. An entity may use this designation only when doing so result...
84
annual_report
gb_lloyds_banking_grp-AR_2014
5,408
Total trading and other financial assets at fair value through profit or loss 85,333 53,118 4,232 142,683
17
annual_report
5756
1,153
Net premiums earned during 2019, 2018 and 2017 for the top ten states in 2019 and all others are shown below:
21
10K
2462
529
The liabilities associated with individual life insurance, group life and disability insurance products and stop-loss are computed using the net level premium method based on assumptions about future investment yields, mortality, morbidity and persistency. The assumptions used are based upon the Company's experience an...
46
10K
NatwestGroupPLC-AR_2014
9,229
The recoverability of certain deferred tax assets recognised by the Group depends on the Group’s ability to generate sufficient future taxable profits and may be affected by changes to tax legislation
31
annual_report
AvivaPLC-AR_2005
2,588
Summarised consolidated statement of recognised income and expense – EEV basis For the year ended 31 December 2005 £m £m
20
annual_report
1070
747
Provision has not been made for U.S. or additional foreign tax on the undistributed earnings of foreign subsidiaries. It is not practical to estimate the amount of additional tax that might be payable. At December 31, 1998 and 1997, the Company had a $6.5 million income tax receivable and a $1 million income tax payabl...
85
10K
NatixisSA-AR_2008
506
Following the appointment of Alain Lemaire as the new permanent representative of CNCE to the Supervisory Board, he was also appointed co-Chairman of the Audit Committee, to replace Nicolas Mérindol.
30
annual_report
fr_axa-AR_2010
5,358
■ Defi ne and propose to the Management Committee, with the support of AXA Global P&C and AXA Global Life, the main features of the Group’s reinsurance coverage program; ■ Monitor the Group asset allocation: (i) monitor risk concentration in assets, (ii) perform regular studies and reporting on exposure and performance...
63
annual_report
SwissLifeHoldingAG-AR_2004
179
In 2005 Swiss Life in Belgium will be increasing its collaboration with independent brokers and banks. Swiss Life started a survey in Belgium at the end of February 2005 to assess the needs and expectations of the populace concerning retirement and pensions. The results will be used for the further development of the b...
79
annual_report
NatwestGroupPLC-AR_2010
2,514
Each business unit must manage its operational risk exposure within an acceptable level, testing the adequacy and effectiveness of controls and other risk mitigants (for example, insurance) regularly and documenting the results. Where unacceptable control weaknesses are identified, action plans must be produced and tra...
92
annual_report
3967
767
2008 compared to 2007-Interest and other income, net, decreased $1.6 million, or 30%, in 2008 compared to 2007, primarily due to a decline in the average yield earned on our invested cash, cash equivalents and marketable securities during the year ended December 31, 2008 compared to the year ended December 31, 2007. In...
127
10K
4999
2,115
2014 versus 2013: The Casualty segment net favorable loss development was $97.8 million and $103.2 million for the years ended December 31, 2014 and 2013, respectively. Net favorable loss development and related premium adjustments decreased the net loss and LAE ratios by 37.2 points and 34.6 points for the years ended...
164
10K
PosteItalianeSpA-AR_2019
8,646
Cash flow hedge reserve Hedge reserve of net investments in foreign operations
12
annual_report
3833
7,007
Includes 15-year lease for new office space with rentals averaging approximately $11.6 million per year beginning in 2011.
18
10K
fr_axa-AR_2005
4,331
amount equal to the differential, based on a notional amount, between the interest rate of the specified index and the interest-rate cap or floor. These instruments are used to hedge against interest-rate increases (caps) or decreases (floors).
37
annual_report
4918
2,534
The following table presents the change in the credit portion of the other-than-temporary impairments recognized in earnings on debt securities for which a portion of the other-than-temporary impairments related to other factors was recognized in other comprehensive income (loss) for the years ended December 31, 2014, ...
49
10K
SwissReAG-AR_2008
966
In 2008, there were four regular meetings of the Compensation Committee. There were no extraordinary meetings and five resolutions by written agreement. The meetings lasted on average three hours. Between six and nine agenda items were discussed per meeting, with an average of eight items. Attendance was 100% during th...
52
annual_report
ScorSE-AR_2015
2,351
In 2015, the movements are due to the following operations:  The Board of Directors held on April 30, 2015 decided to reduce the Group capital by cancellation of 1,260,227 treasury shares for EUR (24) million (EUR (10) million in share capital and EUR (14) million in additional paid-in capital).
50
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2003
1,729
Unrealised gains and losses on other securities – – –539 – –3,103 – – – –3,642
16
annual_report
1552
188
As more fully discussed in Note G to the consolidated financial statements, at December 31, 2000, $55.7 million, or 19.0% of shareholders' equity, represented net assets of the Company's insurance subsidiaries
31
10K
2695
1,900
The modified-coinsurance-with-assumption arrangement associated with the general account defined benefit guaranteed-cost contracts is similar to the arrangement associated with the separate account contracts; however, beginning two years after the acquisition, the Company may commute this modified coinsurance arrangeme...
169
10K
SwissLifeHoldingAG-AR_2005
1,449
Amounts in CHF million Balance Accrual due to Reduction Balance as at 1 January new business (without reinstatement) as at 31 December
22
annual_report
de_allianz-AR_2003
1,568
(13 percent). Trading liabilities (– 84.8 billion euros) essentially include derivatives (24 percent) and obligations to deliver securities (72 percent). These items are primarily attributable to the banking business.
29
annual_report
Sampoplc-AR_2012
859
To balance the risks on the Group level Sampo plc’s debt is tied to short-term interest rates and issued in euro or Swedish krona.
24
annual_report
NatixisSA-AR_2008
10,450
Board for the purpose of dealing in the Company’s shares and, in particular, the sixth resolution of the Combined General
20
annual_report
PowszechnyZakladUbezpieczenSA-AR_2010
874
The Supervisory Board and a shareholder or shareholders of the Company representing at least one twentieth of the share capital may demand putting appropriate items on the agenda of the next
31
annual_report
3180
582
For the year ended December 31, 2006, Brooke Brokerage did not receive revenues from insurance premiums and did not incur expenses from insurance losses because it sold its captive insurance subsidiaries, The DB Group, Ltd. and DB Indemnity, Ltd., to a sister company, Brooke Investments, Inc., in December 2005. Brooke ...
69
10K
INGGroepNV-AR_2019
5,570
EUR 524 million (2018: EUR 650 million) respectively ‘Financial liabilities at fair value through profit or loss – Non-trading derivatives’ EUR 873 million (2018: EUR 1,035 million). The remaining derivatives are offset with other derivatives and collaterals paid or received.
40
annual_report
HannoverRueckSE-AR_2011
4,250
after allowance for the corresponding retrocession shares. The benefit reserve had an average maturity of 12.8 years (14.4 years) – or 13.2 years (14.7 years) on a net basis.
29
annual_report
4705
642
FEP membership increased 1, or 0.1%, primarily due to favorable in-group change.
12
10K
gb_prudential-AR_2016
6,564
The weighted average fair value of options granted under the plan in the period was £3.09.
16
annual_report
2187
1,141
Persistency. Persistency is a key driver of our business as it refers to the policies which remain in our block of business and is measured by the withdrawal rate. A low withdrawal rate reflects higher persistency indicating more business is remaining in force to generate future revenues. Withdrawals represent funds ta...
110
10K
GjensidigeForsikringASA-AR_2013
1,137
Reinsurance Gjensidige purchases reinsurance to protect the Group’s equity capital and reinsurance is a capital management tool. The Group’s established models and methodologies for evaluation of the internal risk based capital allocation are used to analyse and purchase reinsurance. The maximum retention is set by the...
59
annual_report
fr_axa-AR_2010
3,242
In 2002, she joined the Suez Group. She then held various positions: from 2002 to 2005, at Strategy & Development; from 2005 to 2007, director of Performance and Organisation; from 2007 to 2008, Deputy Chief Executive Offi cer of
39
annual_report
ch_zurich_insurance_group-AR_2004
238
This strengthened capital base will support continued premium growth at Farmers, which in turn will be the source of growing management fee income for Zurich.
25
annual_report
StandardLifeAberdeenPLC-AR_2013
3,487
The financial statements on pages 245 to 269 were approved on behalf of the Board of Directors, on 27 February 2014, by the following Directors: Gerry Grimstone, Chairman David Nish, Chief Executive
32
annual_report
de_allianz-AR_2017
3,914
Allianz US Private Credit Solutions GP II LLC, Wilmington, DE 100.0
11
annual_report
3726
422
In underwriting such bonds, management obtains estimates of costs to reclaim such properties, in accordance with the specifications of the mining permit, prepared by independent outside professionals experienced in this field of work. Such estimates are then periodically updated and compared with marketable securities ...
146
10K
gb_prudential-AR_2016
4,009
Universal life provides permanent individual life insurance for the life of the insured and includes a savings element.
18
annual_report
5285
888
In 2016, properties in operation included a long-term ground lease in Washington, D.C., a hotel in Memphis, Tennessee, an office complex in New York City and office buildings in West Palm Beach and Palm Beach, Florida. Properties in operation are net of accumulated depreciation and amortization of $14,996,000 and $9,07...
107
10K
SwissLifeHoldingAG-AR_2004
906
Separate account and unit-linked assets and liabilities These contracts represent life insurance contracts whose risk is borne according to their specific investment objectives by the policyholders. Investment income and both realised and unrealised gains and losses accrue directly to the policyholder. The assets of ea...
115
annual_report
3774
1,593
The table above includes gains of approximately $1.4 billion for the year ended December 31, 2008, that are attributable to changes in the Company's own credit spread.
27
10K
HannoverRueckSE-AR_2011
249
Respond undogmatically, flexibly and quickly to the needs of our clients
11
annual_report
4767
642
The accompanying consolidated financial statements have been prepared assuming we will continue as a going concern. This assumes continuing operations and the realization of assets and liabilities in the normal course of business.
33
10K
2573
1,368
Effective December 31, 2003, the Company’s insurance subsidiaries executed certain internal reinsurance contracts, the results of which were to cede all future non-standard auto earned premiums and losses and loss adjustment expenses incurred after December 31, 2003 to the insurance companies owned by Affirmative. Base...
129
10K
ScorSE-AR_2013
2,851
Nature and purpose of the agreement Authorization to issue a First Demand Guarantee within the framework of the Stand-By Letter of Credit Facility
23
annual_report
fr_axa-AR_2006
5,610
In addition, a release of provisions covering the risk of tax repayments to subsidiaries belonging to the fiscal group was set aside in an amount of €110 million to reflect the effects of AXA RE’s disposal on its future taxable income.
41
annual_report
4039
940
Operating margin in North America was 24 percent in 2009 compared with 15 percent in 2008. The higher margin reflected:
20
10K
4147
1,695
The investment portfolio for our U.S. pension plans contain a diversified blend of domestic and international large cap, mid cap, and small cap equity securities, U.S. government and corporate fixed income securities, private equity funds of funds, and hedge funds of funds. The domestic large cap, mid cap, and small ca...
201
10K
4529
28,232
The changes in the projected benefit obligations of the employee plan at December 31, 2012 as compared to December 31, 2011 were principally the result of accrued interest cost and actuarial losses due to assumption changes.
36
10K
4098
1,325
The estimated fair value of residential mortgage loans held-for-sale are determined based on observable pricing of residential mortgage loans held-for-sale with similar characteristics, or observable pricing for securities backed by similar types of loans, adjusted to convert the securities prices to loan prices. Gener...
167
10K
SwissLifeHoldingAG-AR_2011
1,429
In CHF million Estimate of ultimate claim costs by year of loss occurrence
13
annual_report
gb_prudential-AR_2019
3,438
Earned premiums, net of reinsurance B1.4 43,481 44,431 Investment return B1.4 49,555 (9,117) Other income B1.4 700 531
18
annual_report
2874
670
In January 2005, the Board of Directors authorized a share repurchase program expiring on December 31, 2007 whereby the Company may repurchase up to an aggregate amount of $50 million of its outstanding common shares. During 2005, Infinity repurchased 29,720 shares at an average cost of $33.59.
47
10K
5671
1,364
At December 31, 2019, fixed maturities had a weighted average credit rating of AA- (2018: AA-), a book yield of 2.8% (2018: 3.1%), and an average duration of 3.2 years (2018: 3.0 years). The interest rate swap positions, which reduced duration to 2.8 years at December 31, 2018, were closed during 2019. At December 31, ...
106
10K
gb_prudential-AR_2017
402
— Strong separate account asset growth – up 19 per cent1 at US$176.6 billion (£130.5 billion)
16
annual_report
NatixisSA-AR_2014
309
The group’s US asset management companies directly provide distribution services for institutional clients in the United States. In the retail banking segment, they benefi t from strong support from the distribution platform, which provides asset management products, advisory and structuring capabilities, and related s...
81
annual_report
NatixisSA-AR_2003
887
Over 120 private equity specialists, working in 11 specialist subsidiaries, manage a portfolio of 715 investments, mainly in unlisted companies and spanning all sectors of the economy.
27
annual_report
PhoenixGroupHoldingsPLC-AR_2015
2,457
Contracts under which the Group accepts significant insurance risk are classified as insurance contracts.
14
annual_report
fr_axa-AR_2002
3,066
The 2002 U.S. GAAP net income Group share amounted to €–2,887 million, or €–3,836 million lower than the
18
annual_report
1888
540
Benefit Reserves and Policyholder Deposits. Traditional life and accident and health insurance products include those contracts with fixed and guaranteed premiums and benefits and consist principally of whole-life and term insurance policies, limited-payment life insurance policies and certain annuities with life conti...
105
10K
2369
235
The significant decrease in net income from 2003 to 2004 is primarily due to the level of reduction in loss reserves between the two years. In 2003 loss reserves were reduced by $5.0 million, which was added to net income, whereas in 2004 the reduction was $2.5 million. Due to the uncertainty inherent in the reinsuranc...
277
10K
494
292
The Company's anticipated expansion of its business requires capital levels sufficient to support premium growth. The Company's compound annual growth rate in premium revenue for the five years ended December 31, 1996 was 28.8%, due principally to the growth of AMS products. While the future rate of growth is uncertain...
58
10K
3137
1,173
Policy limits - Lines of business involving policies with high or unlimited policy limits are subject to greater variation.
19
10K