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
NatwestGroupPLC-AR_2012
1,314
In-force policies (000s) Personal lines motor excluding broker - own brands 3,714 3,787 4,162 - partnerships 336 320 645 Personal lines home excluding broker - own brands 1,754 1,811 1,797 - partnerships 2,485 2,497 2,530 Personal lines rescue and other excluding broker - own brands 1,803 1,844 1,966 - partnerships 7,6...
73
annual_report
5203
2,279
from the policy. Due to the collateralized nature of policy loans and unpredictable timing of repayments, the Company believes the fair value of policy loans approximates carrying value.
28
10K
4832
1,430
As outlined in Item 1, “Business,” our Insurance operations provide commercial property, casualty and specialty insurance products on a global basis. Products generally provide tailored coverages for complex corporate risks and include the following lines of business: property, casualty, professional liability, environ...
105
10K
5084
1,288
Liquidity is essential to our business and a key component of our concept of asset-liability matching. Our liquidity may be impaired by an inability to collect premium receivable or reinsurance recoverable balances in a timely manner, an inability to sell assets or redeem our investments, an inability to access funds f...
120
10K
105
306
The risk-based capital requirements measure three major areas of risk facing property and casualty insurers: asset risk, credit risk and underwriting risk. Companies having less statutory surplus than required by the risk-based capital requirements are subject to varying degrees of regulatory scrutiny and intervention,...
76
10K
INGGroepNV-AR_2007
3,012
Certain subordinated loans of ING Bank N.V. and ING Verzekeringen N.V. qualifying as capital for regulatory purposes are included in the capital base of ING Group. The fi nancial conglomerates agreement (‘protocol’) is applicable as from 1 January 2007.
39
annual_report
5777
2,335
For 2019, the fair value gains on FG VIEs were attributable to higher recoveries on second lien U.S. RMBS FG VIEs' assets. For 2018 and 2017, the primary driver of the gain in fair value of FG VIEs’ assets and FG VIEs’ liabilities was an increase in the value of the FG VIEs’ assets resulting from improvement in the und...
83
10K
ASRNederlandNV-AR_2015
2,795
People • Nearly 400 employee participants in talent development programme • Nearly 90% of employees nearly or fully engaged • More than 450 employees involved in sustainable ‘On the move’ courses • About 70% of employees took the oath in 2015
41
annual_report
5809
1,509
Based on total account value, less than 18% of our GMDBs included enhanced death benefits such as the annual step-up or roll-up and step-up combination products at December 31, 2020.
30
10K
1821
269
The development of policy reserves for the Company's products requires management to make estimates and assumptions regarding mortality, lapse, expense and investment experience. Such estimates are primarily based on historical experience and information provided by ceding companies. Actual results could differ materia...
75
10K
Sampoplc-AR_2014
2,252
Financial asFinancial assets asets at ft fair vair value thralue through p/lough p/l
13
annual_report
2084
1,170
The 2001 Plan charges incurred and accrued by Life Operations were $12.0 million. Costs related to employee termination and related benefit costs for planned reductions in workforce of 207 positions gross and net, amounted to $3.0 million, which related primarily to severance and outplacement costs. Through December 31...
49
10K
3131
1,180
Cash flow requirements are also sensitive to assumptions; however, we rarely change the assumptions we use for funding the U.K. plans. Under current rules and assumptions, we anticipate U.K. funding requirements of $182 million in both 2007 and 2008. These contributions reflect minimum funding requirements plus other a...
53
10K
nl_ing_grp-AR_2014
4,755
The overall credit risk appetite framework allows ING Bank to manage the portfolio and avoid undesired concentrations of credit risk. CRM is supported by dedicated credit risk information systems and internal credit risk measurement methodologies for all types of counterparties. CRM creates consistency throughout the c...
76
annual_report
2862
385
The Company made no significant changes to its procedures for processing or reserving for workers’ compensation claims during 2005. In addition to the comments above related to accident years prior to 2002, the favorable loss development on the workers’ compensation product stems from inherent uncertainty in estimating...
61
10K
gb_prudential-AR_2012
3,532
* For 2012, gross revenue includes the Group’s share of results from the associate PPM South Africa. In prior years, PPM South Africa was treated as a subsidiary and accounted for accordingly.
32
annual_report
5619
894
Upon adoption of the new revenue guidance, the timing of revenue recognition remains unchanged. However, the new guidance includes requirements to estimate variable or contingent consideration to be received and recognize variable consideration to the extent that a significant reversal of revenue will not probably occu...
137
10K
StorebrandASA-AR_2003
728
Fair operates a non-life insurance business for the retail market in Denmark. The company was incorporated in November 1998.
19
annual_report
5893
574
Policy loans do not exceed the cash surrender value at origination. As there is minimal risk of loss related to policy loans, there is no allowance for credit losses.
29
10K
ASRNederlandNV-AR_2017
3,978
Net Promoter Score (NPS) A management tool that can be used to gauge the loyalty of an organisation’s customers. The question to the customer now places the emphasis on the employee of a.s.r.: How likely is it that you will recommend a.s.r. to family, friends and colleagues based on your experience with me? This used t...
71
annual_report
HannoverRueckSE-AR_2018
2,163
Hannover Insurance-Linked Securities GmbH & Co. KG 3, Hannover / Germany 100.00 EUR 20,393 25
15
annual_report
fr_axa-AR_2007
4,985
Impact of change in scope of consolidation and changes in accounting method
12
annual_report
fr_axa-AR_2015
482
India 18 1.4 14 1.5 IRDA statistics as of November 30, 2015 and December 31, 2014 measured on fi rst year premium.
22
annual_report
ScorSE-AR_2014
314
Disruptions, uncertainty or volatility in the capital and credit markets may also limit the Group’s access to capital required to operate its business, most significantly its insurance operations. Such market conditions may limit its ability to:  replace, in a timely manner, maturing liabilities;  satisfy statutory c...
69
annual_report
ch_zurich_insurance_group-AR_2019
924
Activities 2019: During 2019, the following topics were in particular focus in the Committee’s discussions: 33 performance of the Group, the countries and the ExCo, as well as the approval of the STIP award level and the LTIP vesting level for the period ending December 31, 2018 33 approval of the total variable remune...
243
annual_report
TrygAS-AR_2007
648
• internal control and risk management. In this context the audit committee reviews and assesses management ’s guidelines for identifying, monitoring and managing the most important risks at least once a year, including an assessment and review of internal control and risk management systems
44
annual_report
5488
961
In February 2016, the FASB issued guidance on leases. Under this guidance, a lessee is required to recognize lease liabilities and corresponding right-of-use assets for leases with terms of more than one year, whereas under current guidance, a lessee is only required to recognize assets and liabilities for those leases...
191
10K
4833
5,955
Bushman v. First American Title Insurance Company, et al., filed on November 21, 2013 and pending in the Circuit Court of the State of Michigan, County of Washtenaw,
28
10K
HelvetiaHoldingAG-AR_2001
38
Key events of the last insurance business year were the unstoppable and steep decline of the financial markets and the terror attacks in the United States. Thanks to its regional orientation and the customer segments served our Group was not affected by the terrible events in the US. The increasing need for security an...
74
annual_report
SwissReAG-AR_2000
611
Own shares held on 1 January 2000 at cost 580 496 1 005
13
annual_report
5571
3,822
The Company has started its implementation efforts and is currently evaluating the impact of the new guidance. Given the nature and extent of the required changes to a significant portion of the Company’s operations, the adoption of this standard is expected to have a material impact on its consolidated financial state...
51
10K
4877
1,441
During 2014, we elected to bypass the qualitative assessment and performed the first step of the goodwill impairment testing on the goodwill.
22
10K
StandardLifeAberdeenPLC-AR_2020
1,070
We agreed to recommend to the Board that the Annual report and accounts 2020, taken as a whole, is fair, balanced and can be understood by someone with a reasonably informed knowledge of financial statements and our industry.
38
annual_report
AegonNV-AR_2017
6,215
Executive Board and the Supervisory Board. If, in its sole discretion, Vereniging Aegon determines that a Special Cause has occurred,
20
annual_report
5600
1,313
As of December 31, 2018, the Parent Company and Aflac had four lines of credit with third parties as well as two intercompany lines of credit. For additional information on the Company's lines of credit, see Note 9 of the Notes to the Consolidated Financial Statements.
46
10K
5369
559
We believe our Muni Portfolio is well diversified by issuer and state. We have 7.6% invested in securities which have been either pre-refunded or escrowed to maturity bonds. No single issuer comprises more than 5.0% of our Muni Portfolio. For the bonds that are not in the pre-refunded category, no more than 15.0% is co...
151
10K
4989
1,553
Long-term interest rates increased more in 2013 than in 2012, contributing to an unfavorable change in our freestanding derivatives and a favorable change in our embedded derivatives.
27
10K
SwissReAG-AR_2012
2,571
Reinsurance recoverable –5 717 –6 610 Deferred expense on retroactive reinsurance –401 –320 Net balance as of 1 January 47 227 46 897
23
annual_report
TrygAS-AR_2009
1,355
Total receivables in relation to direct insurance contracts 838 967 Receivables from insurance enterprises 250 271 Other receivables 601 1,190 17 Current tax assets 111 0 23 Deferred tax assets 0 86 15 Cash in hand and at bank 282 512
41
annual_report
HelvetiaHoldingAG-AR_2018
2,355
11.4 Deferred taxes recognised in other comprehensive income Deferred taxes recognised directly in other comprehensive income arise from valuation differences that primarily result from the fair value valuation of AFS financial assets and value changes related to the transfer of property and the revaluation of benefit ...
65
annual_report
5663
2,358
million in debt maturities, a $239 million decrease in mortgage debt, and a $203 million decrease in commercial paper outstanding, primarily offset by a $300 million draw on a credit facility and a $13 million increase in short-term debt.
39
10K
LloydsBankingGroupPLC-AR_2003
2,146
SOP 03-3 was issued in December 2003, and provides guidance on the accounting for differences between contractual and expected cash flows from a purchaser’s initial investment in loans or debt securities acquired in a transfer if those differences are attributable to credit quality. SOP 03-3 becomes effective for loans...
80
annual_report
de_allianz-AR_2012
2,826
Intangible assets (368) Loans and advances to banks and customers (78) Other assets (8) Deferred tax liabilities 111 Other liabilities 17 Non-controlling interests 137 Less: fair value of previous investment in Europensiones 120 Acquisition of subsidiaries, net of cash acquired (69)
41
annual_report
SwissReAG-AR_2020
5,651
• The Sustainable Business Risk (SBR) process comprising a sustainable business risk rating in a semi-automated assessment and referral tool – duediligence mechanisms to assess our business transactions
28
annual_report
PosteItalianeSpA-AR_2017
6,961
Independent Auditors and monitoring of the cap on fees provided for in the EU Regulation at Group level.
18
annual_report
3568
1,222
Allocations among various lines were revised based on the 2007 presentation.
11
10K
5690
5,001
The Company also receives and responds to subpoenas or other inquiries seeking a broad range of information from state regulators, including state insurance commissioners; state attorneys general or other state governmental authorities; federal regulators, including the SEC; federal governmental authorities, including ...
106
10K
PosteItalianeSpA-AR_2020
9,949
BancoPosta RFC’s maturity mismatch approach entails an analysis of the mismatch between cash in and outflows for each time band of the maturity ladder.
24
annual_report
5356
814
Accounting Standards Codification (“ASC”) 718, Compensation -Stock Compensation requires the Company to measure and recognize the cost of employee services received in exchange for an award of equity instruments. Under the provisions of ASC 718, share-based compensation cost is measured at the grant date, based on the ...
51
10K
fr_axa-AR_2008
4,895
Derivatives on other issued debt (excluding financing debts) – Other financial services in Belgium 26 – –
17
annual_report
2820
403
In December 2004, the Financial Accounting Standards Board ("FASB") issued Statement of Financial Accounting Standards No. 123 (revised 2004), SHARE- BASED PAYMENT ("SFAS No. 123R"), which is a revision of SFAS No. 123, ACCOUNTING FOR STOCK-BASED COMPENSATION ("SFAS No. 123") and supersedes APB Opinion No. 25, ACCOUNTI...
87
10K
4913
1,684
Liabilities for policyholder account balances. We discount future expected cash flows based on interest rates currently being offered for similar contracts with similar maturities.
24
10K
INGGroepNV-AR_2008
2,746
Third, ING Bank is one of the largest real estate investment management companies in the world in terms of assets under management. For various real estate funds, ING Bank has co-invested seed capital and bridge capital to support the launch of new funds. A decrease in real estate prices will cause the value of this se...
83
annual_report
DirectLineInsuranceGroupPLC-AR_2020
813
Minimum salaries Our success is down to the hard work and commitment of our people and we want to reward them for their contribution. Whilst we look for ways to boost the reward proposition for as many of our colleagues as possible, our focus is to ensure that those in our lowest-paid roles receive a meaningful pay inc...
108
annual_report
RSAInsuranceGroupPLC-AR_2011
631
We continue to focus on developing employees at all levels through programmes such as the Executive Development Programme for senior leaders, the Leadership Development Programme for team leaders, Fast Track for high potential individuals and the Graduate Programme. Our Graduate Programme involves developing long term ...
65
annual_report
LloydsBankingGroupPLC-AR_2019
165
The Group’s market-leading cost:income ratio including remediation continued to provide a competitive advantage and further strengthened to 48.5 per cent in 2019.
22
annual_report
5560
1,204
The following table presents increases in the fair value of equity securities for 2018:
14
10K
5497
1,350
Premiums received for the Company's Medicare Advantage Plans and Medicare Part D products from the Centers for Medicare and Medicaid Services ("CMS") and customers are recognized as revenue ratably over the contract period. CMS provides risk-adjusted premium payments for Medicare Advantage Plans and Medicare Part D pro...
172
10K
NatixisSA-AR_2005
2,902
PARENT COMPANY FINANCIAL STATEMENTS AND NOTES TO 12/31/2005 Parent company balance sheets At December 31
15
annual_report
gb_lloyds_banking_grp-AR_2017
4,227
Other income, net of insurance claims 2,162 1,756 1,939 208 6,065
11
annual_report
fr_axa-AR_2007
2,503
Fluctuations in the securities markets may affect sales of our participating life insurance and pension products, mutual funds, asset management services and products with financial risk borne by the policyholders (unit-linked), including variable annuity products and variable life products. In particular, protracted o...
58
annual_report
SwissLifeHoldingAG-AR_2020
1,413
GRI 102-54 Claims of reporting in accordance with the GRI standards p. 149
13
annual_report
4702
2,080
Insurance regulators may prohibit the payment of dividends or other payments by our insurance subsidiaries to parent companies if they determine that such payment could be adverse to our policyholders or contract holders. Otherwise, the ability of our insurance subsidiaries to pay dividends is subject to state insuranc...
207
10K
ch_zurich_insurance_group-AR_2005
1,060
Issued share capital, CHF 2.50 and CHF 6.50 par value, respectively 144,006,955 144,006,955
13
annual_report
3264
887
In September 2006, the Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin (SAB) No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements (SAB 108). SAB 108 requires registrants to use a dual approach to include both a balance...
180
10K
AegonNV-AR_2010
2,564
ISDA master netting agreements for each of AEGON’s legal entities to facilitate AEGON’s right to offset credit risk exposure.
19
annual_report
SwissLifeHoldingAG-AR_2006
1,305
Net gains/losses on investment property 93 –24 4 0 97 –24
11
annual_report
3295
808
Core insurance products include commercial property and casualty coverages. Non-core insurance products, which primarily have been sold or placed in run-off, include life and accident and health insurance; retirement products and annuities; and property and casualty reinsurance. CNA services include risk management, in...
63
10K
688
648
Operating income before income taxes decreased $2,278,000 from $2,651,000 in 1995 to $373,000 in 1996. Certain individually large items account for a significant amount of this decrease, including (i) a decrease in the operating results of the NAIU accident pool participated in by American Progressive, which decrease w...
86
10K
2581
405
Major cash outflows from operations are for benefits to policyholders, commissions to agents and salaries, wages and operating expenses. The net positive cash flow from operations is used to fund Company commitments and to build the investment portfolio, thereby increasing future investment returns. Net cash provided b...
65
10K
HiscoxLtd-AR_2019
760
s Approval of an updated conflicts of interest policy. s Appointment of the external facilitator for the 2020 Board evaluation and discussion of the outcomes of the 2019 Board evaluation review at the February 2020 meeting. s Approval of the Hiscox ESG framework. s Discussion of governance culture and approval of the G...
55
annual_report
ScorSE-AR_2010
1,847
 SCOR SE’s new rule concerning retirement pensions pursuant to Article 39
12
annual_report
383
180
The Company exercised its right to call the warrants for redemption and all of the 2.4 million warrants with an exercise price of $2.50 per warrant were exercised and resulted in net cash proceeds to the Company of more than $6 million. As a result of the exercise, the number of outstanding shares of the Company's comm...
104
10K
4882
944
In the period an intangible asset is classified as held for sale, the asset is reported at the lower of carrying value or fair value less costs to sell, with the adjustment reported as a loss through earnings. In subsequent periods, a loss is recognized for any further reduction in fair value less cost to sell. A gain ...
163
10K
5320
707
The deferred tax asset relates primarily to Omega's operations whereby the timing of insurance deductions for tax purposes is different than for financial accounting purposes.
25
10K
5797
2,659
WICE is licensed by the Gibraltar Financial Services Commission (“GFSC”) under the Gibraltar Financial Services (Insurance Companies) Act (“the Gibraltar Act”) to underwrite various insurance businesses across Europe. Under the Gibraltar Act, WICE is subject to capital requirements and is required to prepare and submit...
66
10K
AegonNV-AR_2017
1,048
Aegon the Netherlands also uses specific distribution channels to help customers access its products and services. The Pensions business line includes sales and account management, which serves large corporations and financial institutions, such as company and industry pension funds.
39
annual_report
RSAInsuranceGroupPLC-AR_2007
285
Cash and cash equivalents 83 63 32 Land and buildings 17 13 31
13
annual_report
4102
1,045
Each of the options issued to Messrs. Verdi and Oakes have a five year term and an exercise price of $0.101, which is equal to closing price of one share of the Company’s common stock as quoted on the OTCBB on February 5, 2009.
44
10K
Sampoplc-AR_2007
736
The Annual General Meeting approved the proposed amendments to the Articles of Association necessitated by amendments to the Finnish Companies Act and by other technical reasons.
26
annual_report
5708
1,028
We utilize the expected cost of annual call options we will purchase in the future to project policy values and to discount future cash flows. In addition, it is a key component in the calculation of expected gross profits in the projection period. As of December 31, 2019, we utilized an estimate of 2.90% for the expec...
152
10K
Sampoplc-AR_2013
221
Acting in compliance with Recommendation 54 of the Corporate Governance Code, Sampo has published a separate Corporate Governance Statement on its website in fulfillment of the requirement referred to in the Finnish Securities Markets Act (746/2012), chapter
37
annual_report
StandardLifeAberdeenPLC-AR_2013
2,184
Loans with variable rates and fixed interest rates are £170m and £2,754m respectively (2012: £197m and £3,102m respectively). Loans that are expected to be recovered after more than 12 months are £2,468m (2012: £2,765m).
34
annual_report
RSAInsuranceGroupPLC-AR_2019
299
· As we move into the Brexit transition period, there is the potential for economic shocks, claims inflation and supply disruption, but we are working hard to ensure we are well placed to respond to and mitigate any impacts.
39
annual_report
3419
778
broker-dealer survey values or internal estimates. For credit-sensitive mortgage-backed and asset-backed securities and certain prepayment-sensitive securities, the effective yield is recalculated on a prospective basis. For all other mortgage-backed and asset-backed securities, the effective yield is recalculated on a...
41
10K
INGGroepNV-AR_2019
1,387
Committee held separate sessions with the external auditor, the general manager of the internal audit department, the CFO and the Group Controller. He also met with various senior managers.
29
annual_report
580
674
AIG continues to receive indemnity claims asserting injuries from toxic waste, hazardous substances, and other environmental pollutants and alleged damages to cover the cleanup costs of hazardous waste dump sites (hereinafter collectively referred to as environmental claims) and indemnity claims asserting injuries from...
217
10K
5720
1,774
The Company guarantees the payment of principal of, and interest or other amounts owing on, municipal, asset-backed, mortgage-backed and other non-municipal
21
10K
5572
226
Our expenses relate to operating a financial services holding company, a life insurance company and an insurance agency.
18
10K
4407
1,252
In connection with the Sirius Group Reorganization and in light of global market conditions, White Mountains significantly reduced its exposure to foreign currency translation gains and losses in 2011. See “Qualitative and Quantitative Disclosures About Market Risk - Foreign Currency Exchange Risk” on page 92.
45
10K
PhoenixGroupHoldingsPLC-AR_2015
1,343
Ɛ Only beneficially owned shares and vested share awards (discounted for anticipated tax liabilities) may be counted for the purposes of the guidelines. Share awards do not count prior to vesting (including DBSS awards)
34
annual_report
5401
687
In 2015, realized investment and other losses - net included realized losses of $2.7 million relating to other-than-temporary impairment of investment in equity securities available-for-sale, $1.8 million impairment of other intangible assets and $1.4 million relating to office closure costs, partially offset by realiz...
66
10K
4816
887
None of the $1.3 million of collateralized mortgage obligations were issued by GSEs.
13
10K
2124
960
The following is a summary of stock options outstanding at December 31, 2003:
13
10K
5213
1,734
As described in Note 1. Background and Business Description, the Rehabilitator redeemed certain Segregated Account surplus notes (other than junior surplus notes) on November 20, 2014 at a redemption price that included an amount equal to principal plus accrued interest on such redeemed surplus notes. Such redemption a...
59
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008
3,329
Catastrophe bond Also referred to as “cat bonds” and “act of God bonds”, catastrophe bonds are used to transfer (natural) catastrophe risks to the capital markets. The buyers of such bonds profit from a comparatively high coupon rate, but assume all or part of the (re)insurer’s risk with regard to a (natural) catastrop...
88
annual_report
SwissReAG-AR_2019
6,012
In 2018, we introduced our thermal coal policy. Reducing our re/insurance cover to thermal coal utilities and mining is one of the steps we have taken towards decarbonising our business model.
31
annual_report
5117
736
At December 31, 2015, we had posted two letters of credit totaling $9.7 million, in the aggregate, related to our self-insurance deductibles, for which we have recorded a liability of $11.8 million. We have an equity investment in a rent-a-captive facility, which we use as a placement facility for certain of our insura...
142
10K
fr_axa-AR_2018
4,772
Sub-total liabilities arising from investment contract (D = A+B+C) 53,593 51,995
11
annual_report
4713
3,954
We have audited Lincoln National Corporation’s (the “Corporation”) internal control over financial reporting as of December 31, 2013, based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (1992 framework) (the “COSO criteria...
99
10K