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2 values
Sampoplc-AR_2006
472
The overall market environment in Nordic P&C insurance was favourable during 2006 and competitive behaviour was mostly disciplined. In the private segment, competition intensified in certain business lines in Norway and Finland. Competition is based on pricing, and the strict underwriting focus has lead to somewhat low...
73
annual_report
gb_prudential-AR_2017
6,212
(b) Sensitivity analysis – non-economic assumptions The tables below show the sensitivity of the embedded value as at 31 December 2017 and 31 December 2016 and the new business contribution after the effect of required capital for 2017 and 2016 for long‑term business operations to: — 10 per cent proportionate decrease ...
110
annual_report
NatixisSA-AR_2016
148
Caisses d’Epargne. would be requested from all Banques Populaires and three guarantee funds should prove insufficient, additional sums total and; finally (iv) if calls on BPCE’s regulatory capital and these d’Epargne networks’ own guarantee funds of €900 million in equal proportions) both the Banques Populaires and Cai...
47
annual_report
fr_axa-AR_2017
872
NBV Margin increased by 13.9 points to 112.1% mainly driven by tariff increases since April 2017 as well as a more favorable business mix shift towards Protection.
27
annual_report
4149
9,645
Overview and strategy We are a major provider of life insurance, retirement and investment products. We serve our customers through Allstate exclusive agencies and non-proprietary distribution channels. Our strategic vision is to reinvent protection and retirement for the consumer and our purpose is to create financial...
60
10K
NatixisSA-AR_2002
3,153
CDC FINANCE-CDC IXIS SA F Member of Supervisory Board (since 28 February 2002)
13
annual_report
5765
1,213
The following table presents the amount of goodwill and intangible assets, net of accumulated amortization expense, reported on Alleghany’s consolidated balance sheets as of December 31, 2019 and 2018:
29
10K
5356
573
Interest Expenses. Interest expense was $90 for each of the years ended December 31, 2017 and 2016. The credit facility commitment fee included in interest expense was $75 for each of the years ended December 31, 2017 and 2016.
39
10K
4694
1,293
During 2013, the Company’s Board of Directors initiated a quarterly dividend of $0.08 per share.
15
10K
1146
388
(3) The earnings per share amounts prior to 1997 have been restated to comply with SFAS No. 128, "Earnings Per Share." Earnings (loss) per share for periods preceding the Distribution have been computed based upon the 11,448,208 shares of Company Common Stock distributed on January 23, 1996.
47
10K
3779
547
2007 compared to 2006. We had net realized losses of $0.7 million for 2007 compared to net realized gains of $1.2 million for 2006. The turmoil in investment markets during the last half of 2007 resulted in market declines in the portfolio, particularly in the financial and real estate related holdings. This had an imp...
95
10K
4990
1,365
Consolidated financial statements of the Corporation at December 31, 2014 and 2013 and for each of the three years in the period ended December 31, 2014 and the report thereon of our independent registered public accounting firm, and the Corporation’s unaudited quarterly financial data for the two-year period ended Dec...
60
10K
2697
1,029
Net investment income increased $4.9 million (8.2%) to $64.6 million in 2003 from 2002. This increase was the result of an increase in invested assets generated by cash flow provided from operations and financing, partly offset by a decline in the investment yield. Total cost of invested assets at December 31, 2003 and...
159
10K
RaiffeisenBankInternationalAG-AR_2016
1,944
The following table contains revocable credit lines: Revocable credit lines 16,890,479 15,775,452
12
annual_report
4725
2,653
Property and casualty insurance product reinsurance recoverables represent loss and loss adjustment expense recoverables from a number of entities, including reinsurers and pools. The following table shows the components of the gross and net reinsurance recoverable as of December 31, 2013 and December 31, 2012:
45
10K
5061
2,248
ECCL is required to deposit cash, securities or letters of credit (or a combination of these assets) with Lloyd's in order to satisfy its FAL requirements, which are met through the Lloyd's Capital Trust. At December 31, 2015, ECCL had total FAL of $276.8 million which was provided by Endurance Bermuda.
51
10K
1331
881
Investment income and net realized investment gains increased 21.3% to $8.8 million in 1998 from $7.2 million in 1997, due to increased funds available for investment and increased net realized investment gains totaling $1.0 million in 1998 compared to $399,000 realized in 1997. Investment income has been significantly...
168
10K
4345
519
agreement was subsequently entered into with the bridge lenders on June 5, 2009, modifying payment terms to cure the default (including increasing the interest rate on the loans to 17%), issuing additional common stock to the loan holders, and pledging the stock of the Company's subsidiary, CMW, as security for repayme...
153
10K
HannoverRueckSE-AR_2019
50
Vogel: There was one situation that left a really deep impression on me: our response to the September 11 attacks of 2001. At the time we were searching for innovative solutions to improve our capital position. We had drawn some of our inspiration from ideas outside our own industry. So we assembled a team, created the...
117
annual_report
1512
456
Depreciation of the equipment held under capital leases is included in other operating expenses for the years ended December 31, 2000, 1999 and 1998.
24
10K
3379
1,930
For the period from June 6, 2007 to December 31, 2007 the Company has incurred case losses of $300.0 million and $51.0 million on a net present value basis with respect to the excess of loss and facultative reinsurance agreements, respectively. In addition, the Company incurred $17.9 million in additional mark to marke...
224
10K
DirectLineInsuranceGroupPLC-AR_2015
2,324
overnance Financial statem ents www.directlinegroup.com 133 3.4 Capital adequacy Capital is managed in accordance with the Group’s capital management minimum standard, the objectives of which are to manage capital efficiently and maintain an appropriate level of capitalisation and solvency. The Group determines the app...
77
annual_report
AegonNV-AR_2005
728
Standardized new life production decreased by 6% in 2005 compared to 2004. To reverse a declining trend in production over the past few years, an intensive marketing campaign was launched in 2005. New life products were launched and the sales network has been restructured. New production started recovering slightly in ...
98
annual_report
RSAInsuranceGroupPLC-AR_2008
1,315
Present value of funded obligations 4,229 232 4,461 5,012 Present value of unfunded obligations 4 71 75 74 Present value of obligations 4,233 303 4,536 5,086
26
annual_report
HiscoxLtd-AR_2002
481
Profit/(loss) on ordinary activities before taxation 11,862 5,423 3,030 20,315 (33,908) 254 1,158 (32,496)
14
annual_report
3223
1,250
The loss ratio for 2005 also reflected net favorable development in prior year reserves of $91.2 million, compared to $85.3 million for 2004. The net favorable development in both periods was primarily due to short-tail lines, mainly property, and resulted from better than anticipated loss emergence. The net impact of ...
193
10K
NatwestGroupPLC-AR_2015
1,217
Consideration of execution risk of the bank-wide transformation programme and the impact of mandatory change programmes on the programme. The Committee requested regular updates from the transformation team on progress including independent opinions from Risk Management, Internal Audit, HR and C&RA.
41
annual_report
1935
290
The increase in earned premiums during 2002 is attributable to the fluctuation of the effective dates of policies written in the comparative period. Premiums written increased by 3.9% in 2002 to $6,998,378 from $6,738,231 in 2001. The increase in premiums written during 2002 is attributable to the continued growth of t...
127
10K
4192
1,454
In faster developing, short-tailed lines such as Auto Physical Damage, Special Property, Homeowners, Commercial Multi-Peril Property and Property Damage, the Paid Loss Development Method, the Incurred Loss Development Method and the Bornhuetter-Ferguson methods are primarily used as they typically produce tightly clust...
47
10K
3379
2,085
The cost (amortized cost for fixed maturities and short-term investments), fair value, gross unrealized gains and gross unrealized (losses) of investments are as follows:
24
10K
de_allianz-AR_2009
3,591
Allianz Deutschland AG´s provisions for restructuring In 2006, Allianz Deutschland AG announced a restructuring plan for the insurance business in Germany. The objective of the restructuring program was to make the insurance business more customer focused, operate more efficiently and achieve growth. With the exception...
70
annual_report
BaloiseHoldingLtd-AR_2017
1,334
Applicable to annual periods beginning on or after iFRS 9 Financial instruments 1.1.2018 iFRS 15 Revenue from contracts with customers 1.1.2018 iFRS 16 leases 1.1.2019 iFRS 17 insurance contracts 1.1.2021
30
annual_report
RSAInsuranceGroupPLC-AR_2013
3,037
12. RESERVE TRANSFER A transfer between share premium and retained profit has been made as a result of retrospectively treating scrip dividends as bonus issues of shares in order to bring the Company into line with current market practice for such transactions.
42
annual_report
nl_ing_grp-AR_2017
2,928
Moreover, ING Groep N.V.’s ability to pay dividends is dependent on the dividend payment ability of its subsidiaries, associates and joint ventures. ING Groep N.V. is legally required to create a non-distributable reserve insofar as profits of its subsidiaries, associates and joint ventures are subject to dividend paym...
109
annual_report
HiscoxLtd-AR_2017
1,503
Investment income including interest receivable 63,296 54,789 Net realised (losses)/gains on financial investments at fair value through profit or loss (3,980) 6,416 Net fair value (losses)/gains on financial investments at fair value through profit or loss 27,971 13,631 Investment result – financial assets 8 87,287 74...
74
annual_report
SwissReAG-AR_2009
2,437
In 2008, David J. Blumer, Chief Investment Officer, was the highest paid member of the Executive Committee. In 2009, the highest paid member was Stefan Lippe, Chief Executive Officer. Their respective compensation was: Highest paid member of the Executive Committee
40
annual_report
4325
1,277
The following discussion should be read in conjunction with the Consolidated Financial Statements and Notes to those statements which accompany this report. A glossary of insurance terms and phrases is available on the investor section of our website. Throughout the discussion, references to ProAssurance, “PRA,” “Compa...
88
10K
5888
1,314
For a fair value hedge, changes in the fair value of the hedging derivative and changes in the fair value of the hedged item related to the designated risk being hedged are reported on the consolidated statements of income according to the nature of the risk being hedged. Additionally, changes in the fair value of amou...
78
10K
678
464
The Company's insurance expense ratio increased to 18.8% of revenues from 14.0% during 1996. The increase in the insurance expense ratio was primarily a result of improved gross profit margins for OLIC and Integon during 1997 as compared with those of 1996, which resulted in greater amortization of deferred acquisition...
197
10K
809
423
The Company's investments are managed by its investment strategy group which consists of a risk management unit and a portfolio management unit and reports directly to senior management of the Company. The risk management unit is responsible for monitoring and managing the Company's asset/liability profile and establis...
122
10K
de_allianz-AR_2015
185
Principles and function of the Supervisory Board The German Co-Determination Act (“Mitbestimmungsgesetz”) does not apply to Allianz SE because it has the legal form of a European Company (SE). The size and composition of the Supervisory Board are instead determined by general European SE regulations. These regulations ...
57
annual_report
2392
3,586
Additional information with respect to AIG’s plans at December 31, 2004, and changes for the three years then ended, were as follows:
22
10K
3648
2,326
The Company also repurchased 1,550,000 and 3,171,700 shares through open market purchases for $88 million and $200 million, respectively, during the years ended December 31, 2008 and 2007, respectively.
29
10K
1655
2,796
The Company offers financial products and services such as fixed and variable annuities, guaranteed investment contracts, retirement plan services, and life insurance on an individual and group basis, as well as disability insurance on a group basis. Within these areas, the Company conducts business principally in thre...
86
10K
5658
1,595
Beginning in 2013, we significantly enhanced the capabilities and resources dedicated to the actuarial reserving function. Consequently, from the first quarter of 2014, management began to rely upon its internal actuarial reserving function for the quarterly reserve evaluation process rather than utilizing the services...
114
10K
fr_axa-AR_2009
5,121
ASSESSMENT: ■ V ariability analyses assess the change in interest expenses over the duration of the strategic plan resulting from a 100bp rise in interest rates; ■ I nterest rate sensitivity analyses assess changes in the value of interest rate positions by currency and by maturity following a 100bp upward shift in the...
55
annual_report
698
763
Net realized investment gains are $47,775,000 in 1997, $24,180,000 in 1996 and $11,885,000 in 1995. Sales of equity securities have resulted in net gains of $44,189,000, $22,428,000 and $16,531,000 and sales of fixed maturity investments have resulted in net gains (losses) of $6,004,000, $3,186,000 and $(311,000) in 19...
77
10K
gb_prudential-AR_2011
1,292
Michael Wells Executive Director Mike Wells has been an executive director of Prudential since January 2011 when he succeeded Clark Manning as President and CEO of Jackson National Life Insurance Company. Mike has served in a variety of senior and strategic positions at Jackson over the last 15 years, including Preside...
102
annual_report
fr_axa-AR_2014
6,026
Equity instruments available for sale 11,867 15,135 15,135 3,357 90 12,222 15,158 15,158 3,034 98
15
annual_report
5883
855
Accounting changes - In June of 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The updated accounting guidance requires changes to the recognition of cre...
211
10K
4921
1,777
gross unrealized losses of $18.2 million related to the P&C portfolio of Non-Agency RMBS portfolio (which consists of our holdings of sub-prime Non-Agency RMBS, second liens, asset backed securities collateralized debt obligations ("ABS CDOs") with sub-prime collateral, Alt-A and Prime RMBS). Securities in an unrealize...
91
10K
Sampoplc-AR_2009
834
Other investments In addition to interest rate, equity and currency risks, If P&C and Mandatum Life are also exposed to a number of other market risks. These risks are related to exposures in real estates, private equity investments and investments in hedge funds. The Investment Policies set limits for maximum allocati...
94
annual_report
4163
1,056
we have increased our expected surrender assumptions in future periods. These annuities also have a MVA feature, which effectively reduced (or in some cases, eliminated) the charges paid upon the surrender of these policies in the recent periods as the 10-year treasury rate dropped. The impact of both the historical ex...
155
10K
PosteItalianeSpA-AR_2015
482
AGCom approved the “Regulations regarding the requirements to be met in order to offer postal services to the public” (Annex A of the Resolution). Applied on 24 March 2015, the Resolution sets out the conditions
35
annual_report
fr_axa-AR_2017
2,453
Our businesses are subject to extensive regulation and regulatory supervision in the various jurisdictions in which we operate
18
annual_report
3589
1,072
forward contracts, and forward contracts on specific fixed income securities. All of these freestanding derivative transactions are hedging in nature and not speculative. Positions under our hedging programs for derivative activity that were open during 2007 involved current and forward interest rate swaps, current and...
100
10K
4659
3,160
Other commitments include various agreements for service, including such things as computer software, telephones and maintenance.
16
10K
NatixisSA-AR_2019
1,659
François Riahi, Chief Executive Officer in 2020 in 2021 in 2022 in 2023 65% of François Riahi’s variable compensation for 2019 is being deferred to 2021, 2022, and 2023, of which 50% is indexed to Natixis’ share price.
38
annual_report
NatixisSA-AR_2020
2,337
The scenarios proposed by the Economic Research team are discussed and approved at a Groupe BPCE Executive Management Committee Meeting and presented at a Natixis Senior Management Committee Meeting.
29
annual_report
PhoenixGroupHoldingsPLC-AR_2013
2,678
Consolidated comprehensive income for the year attributable to owners of the parent 141 72 Earnings of Group entities and consolidation adjustments (49) (17) Parent company comprehensive income for the year attributable to owners 92 55
35
annual_report
AvivaPLC-AR_2010
3,762
Other related party balances comprise dividends and interest receivable and payable, as well as inter-company balances for fees and other transactions in the normal course of business.
27
annual_report
1197
485
Financial Reinsurance: Income from operations for financial reinsurance was a record $21.7 million or an increase of 27% over income from operations of $17.1 million in 1998. This business continues to report steady earnings growth.
35
10K
fr_axa-AR_2003
1,450
In France, Germany and Belgium, markets are fragmented. In the United Kingdom, industry-wide consolidation across the sector has affected both major insurance companies and brokers, resulting in increased concentration among the top few players in recent years.
37
annual_report
3563
1,810
The estimation of unpaid loss liabilities will also vary in subjectivity depending on the lines or classes of business involved. Short-tail business describes lines of business for which losses become known and paid in a relatively short period of time after the loss actually occurs. Typically, there will be less varia...
65
10K
5498
1,210
The reserves for certain optional living benefit features, including GMAB, GMWB and GMIWB are accounted for as embedded derivatives at fair value, as described above. This methodology could result in either a liability or contra-liability balance, given changing capital market conditions and various actuarial assumptio...
296
10K
5278
1,409
Information regarding the portion of the Company’s mortgage loans that were impaired as of December 31, 2016 and 2015 is as follows (dollars in thousands):
25
10K
CNPAssurancesSA-AR_2011
64
Is life insurance still a product with a future? How will personal insurance evolve in the coming years? Life insurance is a powerful driver of longterm saving that governments can’t do without, because it finances businesses and sovereign debt. That aside, life insurance is a product with a future for two fundamental ...
53
annual_report
SwissReAG-AR_2019
2,134
The following table reflects total mortgages and loans offered by Swiss Re for members of the Group EC as of 31 December: CHF thousands 2018 2019
26
annual_report
LloydsBankingGroupPLC-AR_2020
2,071
During the year the Board approved: an ambitious goal, working with customers, Government and the market to help reduce the emissions we finance by more than 50 per cent by 2030, on the path to net zero by 2050 or sooner – read more on this Key Board Decision on page 50 and read more on the Metrics and Targets on page ...
63
annual_report
4756
1,447
The determination of fair value for our reporting units is primarily based on an income approach whereby we use discounted cash flows for each reporting unit. When available, and as appropriate, we use market approaches or other valuation techniques to corroborate discounted cash flow results. The discounted cash flow ...
72
10K
fr_axa-AR_2018
680
Share Capital (1) Capital in excess of nominal value 951 Equity-share based compensation 39 Treasury shares sold or bought in open market 22 Change in equity component of compound financial instruments Deeply subordinated debt (including accumulated interests charges) (887) Fair value recorded in shareholders’ equity (...
100
annual_report
3686
596
A summary of agent retention and agent revenues is as follows:
11
10K
Sampoplc-AR_2002
1,518
Book value of assets pledged as collateral security and acquired by the Bank in settlement of unpaid loans
18
annual_report
SwissReAG-AR_1999
742
Other liabilities are long-term liabilities in the amount of CHF 1 408 million (1998: CHF2 699 million) and short-term liabilities in the amount of CHF 2 753 million (1998: CHF 3 627 million).
33
annual_report
5871
922
Property and Equipment. Property and equipment is stated at cost less accumulated depreciation and amortization, which is included in other operating expenses. Depreciation is calculated on a straight-line basis over the estimated useful lives as follows: building, 39 years; computer hardware and software, three years;...
153
10K
de_allianz-AR_2009
3,484
The weighted average value of the assumptions for the Allianz Group’s defined benefit plans used to determine defined benefit obligation and the expense recognized in profit or loss are as follows: Expected long-term return on plan assets 5.4 5.5 5.3 Rate of compensation increase 2.4 2.5 2.6 Rate of pension increase 1....
62
annual_report
CNPAssurancesSA-AR_2000
729
NET PROFIT CNP Assurances ended the year with net profit of EUR 573.9 million. The Company’s contribution to consolidated net profit came to EUR 433.1 million versus EUR 386.7 million in 2000, representing an increase of 12%.
37
annual_report
PowszechnyZakladUbezpieczenSA-AR_2014
662
After a good result in 2013, which saw the assets managed by domestic funds grow by almost +29.6%, the 2014 asset dynamics were three times lower and ultimately amounted to +10.6%. At the end of 2014, the assets for the entire investment fund market amounted to over PLN 209 billion in comparison to almost PLN 189 billi...
61
annual_report
NatwestGroupPLC-AR_2009
1,674
Basel Committee on Banking Supervision In December 2009, the Basel Committee issued proposals to strengthen capital and liquidity of banks. The key elements include: raising the quality, consistency and transparency of regulatory capital; increased capital requirements for counterparty exposures on derivatives, repurch...
142
annual_report
LloydsBankingGroupPLC-AR_2000
870
Land is not depreciated. Leasehold premises with unexpired lease terms of 50 years or less are depreciated by equal annual instalments over the remaining period of the lease. Freehold and long leasehold buildings are depreciated over 50 years. The costs of adapting premises for the use of the Group are separately ident...
126
annual_report
HelvetiaHoldingAG-AR_2014
2,106
Group for risk management purposes are described in section 16 (from page 191).
13
annual_report
3912
1,146
Traditional Mortgage Insurance. Our mortgage insurance segment, through Radian Guaranty, offers primary and pool mortgage insurance coverage on first-lien residential mortgages. At December 31, 2008, primary insurance on domestic first-lien mortgages made up approximately 92.2% of our total domestic first-lien mortgage...
81
10K
5164
843
Office equipment and software - Office equipment is stated at historical cost less depreciation. Subsequent costs are included in the asset’s carrying amount or capitalized as a separate asset only when it is probable that future economic benefits will be realized. Repairs and maintenance are recognized as an expense d...
102
10K
gb_lloyds_banking_grp-AR_2015
59
Ordinary dividend per share 2.25p with an additional special dividend of 0.5p per share
14
annual_report
nl_ing_grp-AR_2016
698
Sustainable structured products 140 143 15 Sustainable investment funds (incl. CS ING SRI Index Fund) 570 419 92
18
annual_report
gb_lloyds_banking_grp-AR_2012
4,894
note £m £m enhanced Capital notes 7.625% Enhanced capital notes due 2019 (£151 million) 144 142 8.125% Enhanced capital notes due 2019 (£4 million) 4 4 9% Enhanced capital notes due 2019 (£97 million) 98 98 7.8673% Enhanced capital notes due 2019 (£331 million) 332 330 15% Enhanced capital notes due 2019 (£775 million)...
96
annual_report
PowszechnyZakladUbezpieczenSA-AR_2015
2,816
Control Office. Moreover, he sat in management boards of many companies, i.a. Enea S.A., IKS
15
annual_report
3594
583
State insurance laws limit the amount of dividends that may be paid from our insurance company subsidiaries. These limitations relate to statutory capital and surplus and net income. In addition, the National Association of Insurance Commissioners Model Act for risk-based capital (“RBC”) provides formulas to determine ...
134
10K
NatixisSA-AR_2019
1,999
The amount of the payment shall be determined based on the number of performance criteria met: if all three criteria are met: 100% of the agreed payment;V if two criteria are met: 66% of the agreed payment;V if one criterion is met: 33% of the agreed payment;V if none of the criteria is met: no payment will be made.V
59
annual_report
PowszechnyZakladUbezpieczenSA-AR_2013
1,425
It consists of the following elements:  Identification. The process of risk identification starts with the idea of creating an insurance product, acquiring a financial instrument or changing an operating process, as well as at the any other event takes place which could potentially create a risk for the PZU Group. The...
67
annual_report
4265
3,622
The portion of the market adjustment for losses that relate to trading securities still held as of December 31, 2010, 2009 and 2008, was $93 million, $137 million and $192 million, respectively.
32
10K
5610
1,136
ASC Topic 820 requires the use of valuation techniques that are consistent with the market approach, the income approach and/or the cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets and liabilities. The income approach...
108
10K
HelvetiaHoldingAG-AR_2014
2,540
Deposit liabilities from reinsurance contracts consist of reserves for unearned premiums, future loss payments and actuarial reserves for direct (ceded) and indirect (retroceded)
23
annual_report
NatwestGroupPLC-AR_2007
4,941
The UK Financial Services Authority (FSA) is the consolidated supervisor of the Group and the Royal Bank.
17
annual_report
4628
1,078
The table below summarizes the Company's fixed maturities at December 31, 2012 by contractual maturity periods. Actual results may differ as issuers may have the right to call or prepay obligations, with or without penalties, prior to the contractual maturity of these obligations.
43
10K
5571
5,458
These subsidiaries also provide certain postemployment benefits and certain postretirement medical and life insurance benefits for U.S. and non-U.S. retired employees. Employees of these subsidiaries who were hired prior to 2003 (or, in certain cases, rehired during or after 2003) and meet age and service criteria whil...
132
10K
AvivaPLC-AR_2012
2,455
Aggregate tax effect – shareholder tax — — — — — — — — — — 16 16 — — 16
21
annual_report
gb_lloyds_banking_grp-AR_2014
2,920
Excludes £21.3 billion (31 December 2013: £20.1 billion) of loans and advances to banks within the Insurance business and £1.9 billion (31 December 2013: £0.2 billion) of reverse repurchase agreements.
30
annual_report
5917
1,506
The unearned portion of premiums ceded to reinsurers is reported as prepaid reinsurance premiums and earned ratably over the policy term. The estimated amounts of reinsurance recoverable on unpaid losses are reported as due from reinsurers. To the extent any reinsurer does not meet its obligations under reinsurance agr...
136
10K
3759
1,096
The fair value of each option is estimated on the date of grant using the Black-Scholes option pricing model that uses the assumptions noted in the following table. Expected volatility is based on historical volatility of the Company's stock. With effect from January 1, 2006, the Company uses the simplified method set ...
94
10K