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AegonNV-AR_2012
4,426
The reinsured policies consist of fixed annuity contracts issued by Transamerica Life Insurance Company in the U.S. between 2004 and early 2009 that were previously reinsured to Transamerica International Reinsurance Ireland (TIRI) on a 90% quota share basis. Over half of the business was sold in 2008 and primarily inc...
82
annual_report
2125
926
We are incorporated under the laws of Bermuda and, under current Bermuda law, are not obligated to pay any taxes in Bermuda based upon income or capital gains. We have received an undertaking from the Minister of Finance in Bermuda pursuant to the provisions of The Exempted Undertakings Tax Protection Act 1966, which e...
140
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2017
1,456
Key assumptions regarding the planning In the detailed planning phase (three years), For the detailed planning phase (four years), calculation (at the time of planning) we expected increasing premium income we expected a slight rise in premium income and a slight improvement in the combined with an improved combined ra...
56
annual_report
4215
595
Our ability to continue as a going concern is dependent on the Department’s ongoing review of our operating results compared to updated forecasts and our ability to reverse a large deficit in assets through possible future earnings.
37
10K
4937
1,158
2014 to 2013 Annual Comparison. Income from operations before income taxes decreased $1,179 million from income of $2,105 million for the year ended December 31, 2013 to $926 million for the year ended December 31, 2014. Excluding the impact on the amortization of DAC and DSI of the mark-to-market of the living benefit...
147
10K
NatixisSA-AR_2020
11,427
Ownership of shares by members of the management 7.1.1.4 and administrative bodies
12
annual_report
StandardLifeAberdeenPLC-AR_2010
1,294
Additional retained earnings on an EEV basis 3,418 2,978 1 This adjustment reflects the removal of accounting differences for the Canada subordinated liability as explained in Note 3.17 – EEV methodology.
31
annual_report
4015
819
The total intrinsic value of options exercised during 2009, 2008 and 2007 amounted to $0.9 million, $13.7 million and $9.6 million, respectively. At December 31, 2009, there was approximately $28.0 million of total unrecognized compensation cost related to nonvested options. That cost is expected to be recognized over ...
56
10K
ch_zurich_insurance_group-AR_2013
1,520
10% increase in EUR / USD rate 915 904 GPB / USD rate 311 362 CHF / USD rate (382) (253) Other currencies / USD rates 760 787
28
annual_report
5077
2,074
As of December 31, 2015 and 2014, we were in compliance with all debt covenants related to the borrowings in the table above. For further information on our short- and long-term debt obligations, see Note 14 to our Consolidated Financial Statements.
41
10K
3222
891
The Company's investments in available-for-sale securities and held-to-maturity securities are summarized as follows at December 31, 2006 and 2005 (in thousands):
21
10K
StandardLifeAberdeenPLC-AR_2018
1,588
Another recommendation of the review was that executive Director pension arrangements should be aligned with those operating across the wider workforce. At the current time there is not a single set of terms and conditions in operation across the Group, although pension arrangements will be aligned as part of the terms...
136
annual_report
AvivaPLC-AR_2015
1,368
 The Nomination Committee will continue to review the Board skills matrix during 2016 to enable the Board to enhance its support of the transformation of the business. The Nomination Committee report sets out further information on our succession planning process 5BCommitment to Board diversity  The evaluation sugges...
219
annual_report
StorebrandASA-AR_2006
1,097
Storebrand Bank ASA had sound capital adequacy and liquidity at the close of 2006.
14
annual_report
ASRNederlandNV-AR_2011
906
• Following the plan to scale down the investment portfolio to reduce risk on a step-by-step basis. ASR decided to further lower exposures in Portugal, Ireland, Italy, Greece, Spain, and France and in financial institutions to an acceptable risk level.
40
annual_report
3637
1,986
submitted by fictitious providers in our PFFS business, lower investment income due to declining short term interest rates and $12.3 million of start-up costs mainly associated with the establishment of our PPO networks.
33
10K
5460
1,008
During the fourth quarter of 2017, we introduced a new organizational structure for our U.S. businesses that reflects our focus on leveraging our mix of businesses and our digital and customer engagement capabilities to expand our value proposition for the benefit of customers and stakeholders. This new organizational ...
202
10K
2685
1,516
The net premium assumption was revised from two-year preliminary term to net level in order to produce a more appropriate accrual for the liability of the ROP benefits in relation to the premiums. The interest rate assumption was reduced from 5% to 4.5% to reflect current investment yields. Since the ROP rider is prima...
277
10K
PhoenixGroupHoldingsPLC-AR_2019
2,414
In this context, we also have nothing to report in regard to our responsibility to specifically address the following items in the other information and to report as uncorrected
29
annual_report
gb_lloyds_banking_grp-AR_2017
1,848
Statutory Audit Services compliance The Company and the Group confirm compliance with the provisions of The Statutory Audit Services for Large Companies Market Investigation (Mandatory Use of Competitive Tender Processes and Audit Committee Responsibilities) Order 2014 for the year to 31 December 2017.
43
annual_report
NatixisSA-AR_2002
975
■ Structured finance activities marked time in 2002 (8% fall in NBI to EUR169 million), after an exceptional 2001 (33% growth in NBI). The main contributing business lines were LBO and acquisition financing
33
annual_report
3318
1,833
The EITF reached a consensus on EITF Issue No. 06-4, “The Accounting for Deferred Compensation and Postretirement Benefit Aspects of Endorsement Split-Dollar Life Insurance Arrangements” (“EITF No. 06-4”). EITF No. 06-4 addresses whether the postretirement benefit associated with an endorsement split-dollar life insura...
112
10K
1889
676
Accounting for workers’ compensation insurance operations requires us to estimate the liability for unpaid claim and claim settlement expenses (“reserves”) and the related reinsurance recoverables, (together, the “net reserves”) at each balance sheet date. Our reserves represent the estimated total unpaid cost of claim...
155
10K
nl_ing_grp-AR_2017
3,415
Bulgaria Branch of ING Bank N.V. Wholesale banking 70 9 268 –2 –
13
annual_report
998
116
During the year ended December 31, 1998, operating expenses and taxes, licenses and fees (excluding income taxes) increased to $4,313,278 from $3,903,476 in 1997. The increase of approximately $410,000 or 10% is a result of increased salary expense including bonuses, payroll taxes and employee benefits of $180,000 and ...
88
10K
1973
1,078
The following table provides information about AFG's fixed maturity investments at December 31, 2002 and 2001, that are sensitive to interest rate risk. The table shows principal cash flows (in millions) and related weighted average interest rates by expected maturity date for each of the five subsequent years and for ...
101
10K
ASRNederlandNV-AR_2013
2,216
Strategy and Analysis 1.1 Statement from the CEO of the organization.
11
annual_report
4259
2,221
The actuarial methods used to develop reserve estimates Reserve estimates are derived by using several different actuarial estimation methods that are variations on one primary actuarial technique. The actuarial technique is known as a "chain ladder" estimation process in which historical loss patterns are applied to a...
158
10K
4083
1,181
The Company recorded other-than-temporary impairments on fixed maturity investments of $112,757, $87,886 and $34,485 during the years ended December 31, 2009, 2008 and 2007, respectively. Of the $112,757, $88,134 was credit-related other-than-temporary impairment on asset-backed securities with underlying collateral ba...
124
10K
4079
813
The following table summarizes our results for the years ended December 31, 2008 and 2007:
15
10K
ch_zurich_insurance_group-AR_2012
339
Monica Mächler (1956), Swiss Citizen Skills and experience: Monica Mächler served as Vice-Chair of the Board of Directors to the Swiss Financial Market Supervisory Authority (FINMA) from 2009 to 2012, after having been the Director of the Swiss Federal Office of Private Insurance from 2007 to 2008. Joining Zurich Insur...
100
annual_report
nl_ing_grp-AR_2015
4,622
Notes to the Consolidated annual accounts of ING Group - continued 43 Liabilities by maturity The tables below include all financial liabilities by maturity based on contractual, undiscounted cash flows. Furthermore, the undiscounted future coupon interest on financial liabilities payable is included in a separate line...
78
annual_report
NatixisSA-AR_2003
2,863
Reversals - - - 0 Currency translation adjustments - - - 0 Other changes - - - 0
18
annual_report
NatixisSA-AR_2009
1,365
Efforts to harmonize Human Resources policies will be continued in 2010 with the introduction of the employment and expertise plan (GPEC), the application of the “Mobility Charter” signed in 2009, the continuation of Male-Female and Senior staff equality programs and the strengthening of distability management.
45
annual_report
PhoenixGroupHoldingsPLC-AR_2017
951
Specific key focus areas covered by the review were Performance & Strategy, Board Dynamics & Structure, and Succession. The review recommended a set of actions which will be taken forward and their progress reviewed by the Board.
37
annual_report
4082
1,549
In February 2008, the FASB issued accounting guidance that delayed the effective date for fair value measurements and disclosures to fiscal years beginning after November 15, 2008, for all non-financial assets and non-financial liabilities, except those that are recognized or disclosed at fair value in the financial st...
79
10K
ScorSE-AR_2008
367
The conversion did not result in either the dissolution of SCOR or the creation of a new legal entity.
19
annual_report
StandardLifeAberdeenPLC-AR_2014
3,162
Derivative financial assets 643 387 - - 643 387 181 134 462 253 - - Equity securities and interests in pooled investment vehicles 6,167 7,055 644 - 6,811 7,055 6,541 6,722 - - 270 333
35
annual_report
SwissReAG-AR_2016
1,204
Life insurance Lethal pandemic −2.4 −2.4 −1 1 Single event losses with a 200-year return preriod show for example that there is a 0.5% probability over the next year that the loss from a single Atlantic hurricane event could exceed USD 5.1 billion. The impact excludes earned premiums for the business written and reinst...
65
annual_report
5534
621
Payment of claims totaling $919 million in November of 2015 and January of 2017, on MBIA Corp.’s policies insuring certain notes issued by Zohar I and Zohar II entitles MBIA Corp. to reimbursement of such amounts plus interest and expenses and/or to exercise certain rights and remedies to seek recovery of such amounts....
155
10K
5128
843
availability and effectiveness of reinsurance arrangements, as well as any defaults or failure of reinsurers to perform;
17
10K
2238
4,768
The factors which can cause the price of shares of our common stock to fluctuate include, among others:
18
10K
4521
1,496
The Company offers a fixed indexed annuity contract that permits the contract holder to elect an interest rate return or an equity market component, where interest credited to the contract is linked to the performance of the S&P 500 or a commodities-based index. Contract holders may elect to rebalance index options at ...
71
10K
AvivaPLC-AR_2008
1,587
The Group Chief Executive, Chief Financial Officer, Chief Audit Officer, Chief Risk Officer, Group Regulatory Director and the external auditor normally attend, by invitation, all meetings of the Committee. Other members of senior management are also invited to attend as appropriate to present reports. It is the Commit...
103
annual_report
GjensidigeForsikringASA-AR_2014
772
The reduction in profits was due to a decision by the tax authorities to levy VAT in arrears on IT services delivered from abroad to Gjensidige Pensjonsforsikring AS for the years 2011, 2012 and 2013. The VAT payment was charged to profit/loss in the fourth quarter in the amount of NOK 28.6 million, which comprises the...
108
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008
3,043
Derivative hedging measures reduce the sensitivity to share prices further. A change in share prices by 10% only has an impact of 4.2% on the stock market value. The recognition of these hedging transactions in profit or loss has the effect that in the case of rising share prices, the overall impact on the income state...
88
annual_report
2084
1,098
CNA pays interest on any outstanding debt/borrowings under the three-year facility based on a rate determined using the long-term debt ratings of CNA. The interest rate is equal to the London Interbank Offering Rate ("LIBOR") plus 57.5 basis points. Further, if CNA has outstanding loans greater than 50% of the amounts ...
96
10K
4441
903
The Company had an interest rate swap agreement with LLC with an aggregate notional amount of $900.0 million that effectively converts the floating rate payment obligations under the funding agreements to fixed rate obligations. The related $900.0 million interest rate swap agreement expired on July 6, 2010 due to the ...
60
10K
BaloiseHoldingLtd-AR_2017
1,287
Sale of property, plant and equipment 0.6 8.4 purchase of intangible assets 9 – 26.6 – 27.6
17
annual_report
4923
1,567
Net cash used in financing activities increased by $151.8 million for the year ended December 31, 2014 as compared to the year ended December 31, 2013 primarily due to a $119.5 million decrease in cash from customer funds administered and a $74.7 million increase in share repurchases, partially offset by a $23.8 millio...
74
10K
PowszechnyZakladUbezpieczenSA-AR_2018
1,143
PeoPay is state-of-the-art mobile banking, which integrates the services of banking and payments within one app. PeoPay offers innovative solutions, such as the use of touch-id or faceid to authorize transfers and payments, payment for Internet shopping directly in the phone, without the need to log into Internet banki...
239
annual_report
5147
523
For Allstate Financial: benefit and investment spread, asset-liability matching, amortization of deferred policy acquisition costs (“DAC”), expenses, operating income, net income, new business sales, invested assets, and premiums and contract charges.
31
10K
Sampoplc-AR_2009
1,573
Total financial assets designated as at fair value through p/l 161 354
12
annual_report
RaiffeisenBankInternationalAG-AR_2010
100
Strategically repositioned for future growth On 10 October 2010 Raiffeisen International merged with Cembra Beteiligungs AG, to which the principal business areas of Raiffeisen Zentralbank Österreich Aktiengesellschaft (RZB) – the corporate banking business and related participations – had been spun off beforehand. Sin...
153
annual_report
SwissReAG-AR_2019
5,201
of global insured natural catastrophe losses due to secondary perils (Source: Swiss Re Institute)
14
annual_report
5556
1,064
In the normal course of its business activities, the Company accepts collateral that can be sold or repledged. The primary sources of this collateral are securities purchased under agreements to resell. As of December 31, 2018 and 2017, there was $675 million and $0 million, respectively, of such collateral.
49
10K
5162
586
Further discussion is included in "Reconciliation of Non-GAAP Financial Measures," "Consolidated Operating Results," "Segment Results," "Investments," and "Liquidity and Capital Resources" contained in this Item 7 and in the "Notes to Consolidated Financial Statements" contained herein in Item 8.
39
10K
RSAInsuranceGroupPLC-AR_2020
1,224
· Functional succession plans reviewed. Supported the coaching and development of regional finance teams.
14
annual_report
CNPAssurancesSA-AR_2005
1,029
The Internal Audit department assesses the quality and effectiveness of the internal control systems of the Company and the Group, on behalf of the Executive Board and Supervisory Board, based on a rolling 5-year plan.
35
annual_report
LloydsBankingGroupPLC-AR_2009
4,105
IMPAIRMENT OF AVAILABLE-FOR-SALE FINANCIAL ASSETS In determining whether an impairment loss has been incurred in respect of an available-for-sale financial asset, the Group performs an objective review of the current financial circumstances and future prospects of the issuer and, in the case of equity shares, considers...
177
annual_report
4196
572
Our principal executive offices are 79,533 square feet located in leased premises in Reno, Nevada. In addition to serving as our corporate headquarters, it also serves as a branch office providing services in marketing, loss control, and underwriting related support. As of February 1, 2011, we leased 308,042 square fee...
107
10K
186
445
Insurance and General Expenses. The expense ratio remained relatively unchanged. The decline in administrative expense levels was offset by an increase in marketing expenses associated with new marketing initiatives. See "Business -- Products and Services."
35
10K
2449
1,206
T he above amounts exclude allocation of overhead from the Company. NSIC, NSFC and Omega are in compliance with statutory restrictions with regard to minimum amounts of surplus and capital.
30
10K
4742
1,489
The estimated net actuarial loss, prior service cost/(credit), and transition obligation for these plans that will be amortized from accumulated other comprehensive income into net periodic benefit cost during 2014 is as follows:
33
10K
2003
289
The Company is party to significant litigation with respect to the HDC Program. The ultimate outcome of this litigation cannot be reasonably determined at this time.
26
10K
gb_lloyds_banking_grp-AR_2002
1,475
The aggregate carrying value of non-trading derivatives with a positive fair value was an asset of £54 million (2001: an asset of £18 million) and with a negative fair value was an asset of £9 million (2001: an asset of £1 million).
42
annual_report
PhoenixGroupHoldingsPLC-AR_2011
1,080
STATEMENT OF CONSOLIDATED CHANGES IN EQUITY For the year ended 31 December 2011
13
annual_report
694
190
Realized gains and losses on the disposal of investments are determined by specific identification and are included in the consolidated statements of operations.
23
10K
fr_axa-AR_2016
663
The fi nal overall consideration for the sale of the UK Life & Savings businesses amounted to GBP 0.6 billion (or €0.7 billion (5)). AXA
25
annual_report
TrygAS-AR_2015
1,510
Annual report 2015 | Tryg A/S | | Contents – Financial statements 30 Accounting policies
15
annual_report
3118
511
We own a 130,000 square foot office facility in Woodland Hills, California which is the corporate home office of Zenith National and its subsidiaries. We also own a 120,000 square foot branch office facility in Sarasota, Florida. In the regular conduct of business, we lease offices in various cities. See Notes to Conso...
93
10K
SwissReAG-AR_1981
147
The balance-sheet value of capital market investments and real estate of Swiss Re, Zurich, amounting to Sw. frs. 3,963 million was Sw. frs. 134 million higher than the previous year. This total increase is due to net new invest­ ments on the one hand and write-offs as well as to foreign currency adjustments, which clea...
60
annual_report
5957
1,806
Any accrued interest related to the unrecognized tax benefits and other accrued income taxes have been included in income tax expense. There were no amounts included in any period ending in 2020, 2019, or 2018, as PLC maintains responsibility for the interest on unrecognized tax benefits.
46
10K
HiscoxLtd-AR_2012
428
Hiscox Insurance Company Limited has an A.M. Best rating of A (Excellent), a Standard & Poor’s rating of A (Strong) and an A+ (Strong) rating from Fitch.
27
annual_report
5367
753
Insurance-Related Activities. Net cost from insurance-related activities decreased by $10 million, primarily due to lower amortization of deferred sales inducements, recognized in policyholder benefits and claims, in connection with the annual actuarial assumption review and a favorable change in the fair value of the ...
102
10K
StandardLifeAberdeenPLC-AR_2018
961
A responsible approach We hold ourselves to the same high standards that we expect of companies that we invest in.
20
annual_report
fr_axa-AR_2015
9,656
Our independence is defi ned by regulatory texts, the French Code of ethics (Code de déontologie) of our profession and the requirements of article L.822-11 of the French Commercial Code. In addition, we have implemented a system of quality control including documented policies and procedures regarding compliance with ...
60
annual_report
3165
4,631
Bonds available for sale at market (amortized cost of $1,255 and $4,345, respectively)
13
10K
1583
762
Substantially all of the Company's reinsurance recoverable is due from a single reinsurer, Hannover. At December 31, 2000, Hannover maintained an "A" rating from the A.M. Best Company. The Company performs periodic evaluations of this reinsurer's credit standing.
38
10K
NatwestGroupPLC-AR_2006
2,062
The associated liabilities are: Linked contracts classified as insurance contracts 1,713 1,640 Linked contracts classified as investment contracts (within customer deposits) 2,146 2,189
23
annual_report
5571
4,316
See Note 1 for discussion of new accounting guidance related to U.S. Tax Reform.
14
10K
HelvetiaHoldingAG-AR_2014
3,399
CHF 32.4 million, of which CHF 1.9 million was classified as potentially irrecoverable.
13
annual_report
5602
6,337
The Life Insurance Companies review and update estimated gross profit projections used to amortize DAC and related items (which may include VOBA, SIA, guaranteed benefit reserves and unearned revenue reserves) for investment-oriented products. Estimated gross profit projections include assumptions for investment-relate...
122
10K
AvivaPLC-AR_2015
995
This cover ratio target is neither a floor nor a ceiling. Rather, it indicates a balance between yield and growth over time, seeking to pay out approximately 50% of operating EPS as a current dividend. Accordingly, once we reach our target coverage ratio, dividend growth will more closely align to our growth of operati...
59
annual_report
AegonNV-AR_2018
3,943
Aegon does not consider the underlying investments to be impaired as of December 31, 2018.
15
annual_report
INGGroepNV-AR_2010
2,116
Opening balance 15,310 13,366 Expected return on plan assets 886 842 Employer’s contribution 631 1,632 Participants contributions 2 3 Benefits paid –625 –600 Actuarial gains and losses 1,085 387 Changes in the composition of the group and other changes –19 –374 Exchange rate differences 94 54 Closing balance 17,364 15,...
50
annual_report
4803
998
result of negative AGP, the specific facts and circumstances surrounding the potential negative amortization are considered to determine whether it is appropriate for recognition in the consolidated financial statements. Negative amortization is only recorded when the increased DAC balance is determined to be recoverab...
114
10K
NatwestGroupPLC-AR_2014
3,197
Total loans and advances to customers (excluding reverse repos) 72.8 68.2 79.6
12
annual_report
5738
1,913
The Company leases administrative and marketing office space in approximately 16 cities (excluding the home office building), as well as various office equipment. Most leases have terms ranging from two to twenty-five years. Leases with an initial term of 12 months or less are not recorded on the consolidated balance s...
194
10K
AegonNV-AR_2010
2,350
114 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS OF AEGON N.V. NOTE 3
12
annual_report
ScorSE-AR_2013
2,120
Group is defined after deductions of the pensions paid out through the compulsory schemes.
14
annual_report
PowszechnyZakladUbezpieczenSA-AR_2010
363
As of the date of preparing the report, PZU and PZU Życie had a long-term credit rating and financial strength rating (assigned by Standard & Poor's Ratings Services on 16 July 2009) at the A level with a stable rating outlook. On 5 July 2010 Standard & Poor's Ratings Services maintained the above rating.
54
annual_report
LloydsBankingGroupPLC-AR_2007
2,145
Notes to the group accounts 108 Lloyds TSB Group Annual Report and Accounts 2007
14
annual_report
DirectLineInsuranceGroupPLC-AR_2016
1,229
The Committee requested a long-term projection of the Group’s balance sheet under different assumed reinsurance arrangements. This was presented by management and showed how liabilities to PPOs would gradually accumulate over time as expected and more slowly under lower retention levels. The Committee was satisfied tha...
71
annual_report
fr_axa-AR_2015
2,857
(for their own account or for third parties), underwriting of securities and/or furnishing of other types of services or goods.
20
annual_report
798
384
b) Summarized financial information by geographic location of subsidiary for the years ended December 31, 1995, 1996 and 1997 is as follows:
22
10K
RaiffeisenBankInternationalAG-AR_2005
525
On 20 August, negotiations to purchase Joint Stock Post Pension Bank Aval, a Ukrainian firm, were concluded. The transaction closed in October. Raiffeisen International paid a price of USD 1,028 million for the acquisition of a 93.5 per cent stake. Raiffeisen International has agreed to purchase the stock of the remain...
70
annual_report
de_allianz-AR_2008
2,772
In addition to traditional commission income received on security transactions, fee and commission income in the securities business also includes commissions received in relation to private placements, syndicated loans and financial advisory services. Other fees reflect fees from underwriting business (new issues), co...
85
annual_report
StorebrandASA-AR_2011
455
In NOU 2012:3, the Banking Law Commission describes a "worst case" scenario where capital requirements, as a result of future paid-up policies, cannot be handled without significant adjustments to the regulatory framework (NOU 2012:3 page 39).
36
annual_report
4818
927
Pre-tax income for the Specialty Commercial Segment of $25.9 million for the year ended December 31, 2012 was $11.6 million higher than the $14.3 million reported for the same period in 2011. The increase in pre-tax income was primarily due to the increased revenue discussed above partially offset by higher loss and LA...
265
10K