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
4489
1,080
value from quarter-to-quarter. We minimize our credit risk by entering into transactions with highly rated counterparties. We manage the market and basis risks by establishing and monitoring limits as to the types and degrees of risk that may be undertaken. We monitor our use of derivatives in connection with our overa...
68
10K
4017
1,423
primarily related to hurricane Ike in our non-specialty middle market commercial businesses and small business division and losses from tornadoes in the southeastern United States in our non-specialty middle market commercial businesses in the first quarter of 2008, compared to 1.0 point of catastrophe losses in the ye...
187
10K
NatwestGroupPLC-AR_2007
2,946
Super senior tranches of asset-backed CDOs – the Group is a participant in the US asset-backed securities market: buying residential mortgage-backed securities (‘RMBS’), including securities backed by US sub-prime mortgages, and repackaging them into collateralised debt obligations (‘CDOs’)
38
annual_report
2732
700
Commission income related to our retail agencies’ sales of unaffiliated insurance companies’ products was $10.0 million for the year ended December 31, 2005, an increase of $3.3 million, or 48.5%, as compared to commissions related to our retail agencies’ sales of unaffiliated insurance companies’ products of $6.7 mill...
100
10K
5660
1,775
The Company assumed risks from former affiliates related to guaranteed minimum benefit guarantees written directly by the affiliates. These assumed reinsurance agreements contain embedded derivatives and changes in their estimated fair value are also included within net derivative gains (losses). Related party net deri...
69
10K
5718
2,172
2020 and 2021 QSR Transaction. We have agreed to terms with a group of unaffiliated reinsurers for reinsurance transactions with similar structures to our existing QSR transactions that will cover most of our NIW in 2020 (with a 30% quota share) and 2021 (with a 17.5% quota share).
48
10K
NatixisSA-AR_2008
4,537
The liquidity ratio is designed to ensure that liquid assets with maturities of less than one month are equal to or exceed liabilities falling due within the same period.
29
annual_report
699
174
Reinsurance recoverables on unpaid losses at end of year 1,157,369 1,396,874 1,299,257 ----------- ----------- ----------
15
10K
5417
661
StarStone - Net earnings attributable to the StarStone segment were $2.8 million in 2017, compared to $25.2 million in 2016. The decrease in earnings was primarily due to catastrophe loss events, partially offset by improved investment returns. The combined ratio was 108.5% in 2017 compared to 98.2% in 2016. The underw...
86
10K
5340
12,794
Both observable and unobservable inputs may be used to determine the fair values of positions classified in Level 3 in the tables above. As a result, the unrealized gains (losses) on instruments held at December 31, 2016 and 2015 may include changes in fair value that were attributable to both observable (e.g., changes...
66
10K
147
262
As discussed in note 12 to the consolidated financial statements, the Company is a defendant in shareholder litigation alleging disclosure violations. The ultimate outcome of the litigation cannot presently be determined. Accordingly, no provision for any liability that may result upon adjudication has been recognized ...
51
10K
AssicurazioniGeneraliSpA-AR_2016
2,565
Carrying amount as at the ed of the period 287,034 275,338
11
annual_report
PowszechnyZakladUbezpieczenSA-AR_2019
1,374
Insurance result in the group and individually continued insurance segment (in PLN m)
13
annual_report
GjensidigeForsikringASA-AR_2017
2,831
Over the next 3-5 years, average annual run-off gains are expected to be around NOK 1,000 million, moving the expected reported combined ratio to the lower end of the 86-89 corridor
31
annual_report
StandardLifeAberdeenPLC-AR_2014
2,425
3. Financial information – Notes to the Group financial statements continued
11
annual_report
2621
837
The effective tax rates were 21.8% in 2004, 24.1% in 2003 and 16.2% in 2002, which differ from the statutory rate of 35% due primarily to tax-exempt interest income and income from Financial Security Assurance International Ltd. ("FSA International"), with the White Mountains indemnity payment (see below) being an addi...
77
10K
1948
892
On December 31, 2002, the terms of the Primrose note dated April 5, 2002 were amended as follows: The due date is now December 31, 2004. Principal payments on the entire term debt consist of four quarterly payments during 2003 of $600 and four quarterly payments during 2004 of $732 with the remaining balance due and pa...
126
10K
SwissLifeHoldingAG-AR_2009
3,544
Other members of Corporate Executive Board 5 3 908 057 0 260 893 4 168 950 – 0 4 168 950 1 Group CEO until 08.05.2008, BoD Delegate from 09.05.2008. Salary / compensation in cash was fixed at CHF 1 200 000 per year for the position of BoD Delegate. 2 No bonus was paid for the 2008 financial year. 3 Child allowances (CH...
95
annual_report
3625
1,026
The Company participates in a security lending program for the purpose of enhancing income. Securities on loan to various counterparties were fully collateralized by cash and had a fair value of $69.6 million and $167.0 million, at December 31, 2007 and 2006, respectively. The fair value of the loaned securities is mon...
99
10K
884
537
1999 $ 157,000 $ 1,367,000 $ 1,210,000 2000 140,000 1,202,000 1,062,000 2001 124,000 1,053,000 929,000 2002 110,000 920,000 810,000 2003 98,000 803,000 705,000
23
10K
1806
1,296
trading of public securities at a substantial discount due to specific credit concerns, and
14
10K
StorebrandASA-AR_2009
1,000
Storebrand’s advisory teams for the corporate and retail markets were merged in 2008.
13
annual_report
5499
918
The Company accrues interest and, if applicable, penalties related to unrecognized tax benefits in income taxes. Total accrued interest expense at December 31, 2017, 2016, and 2015, was $275,000, $155,000, and $31,000, respectively.
33
10K
TrygAS-AR_2013
60
Tryg and Falck formed a new partnership aimed at delivering peace of mind for Nordic customers. The partnership differentiates Tryg in the market, strengthens profitability and the strategic focus on prevention.
31
annual_report
4911
2,451
• To determine investment returns used in loss recognition tests, we typically segregate assets that match liabilities and then project future cash flows on those assets. Our projections include a reasonable allowance for investment expenses and expected credit losses over the projection horizon. A critical assumption ...
147
10K
4367
1,853
Total earnings before income taxes include losses subject to tax in foreign jurisdictions of $31 million in 2011, $12 million in 2010 and $71 million in 2009.
27
10K
3815
3,323
Current accident year loss and loss adjustment expenses before catastrophes decreased by $16
13
10K
2209
1,200
2002, as a result of increases in GMDB exposure and claims activity, the Company strengthened reserves by $11.9 million in first quarter 2003, to meet its then estimate of future net claims in excess of fees. The Company’s reserve for GMDB claims totaled $21.8 million and $13.7 million as of December 31, 2003 and 2002,...
79
10K
RaiffeisenBankInternationalAG-AR_2020
3,813
In addition, the fair value of the embedded options is calculated for the living loan portfolio, and the method applied is based on the segment (i.e. retail and non-retail). The measurement of the embedded options in the retail segment is based on behavioral modeling (e.g. linear regression/moving twelve-month average ...
163
annual_report
1687
391
The liquidity of the combined insurance operations is derived both domestically and abroad. The combined insurance operating cash flow is derived from two sources, underwriting operations and investment operations. In the aggregate, AIG's insurance operations generated approximately $27.4 billion in pre-tax cash flow d...
151
10K
5606
1,565
(1) The variability in the quarterly results for 2017 was primarily due to the recapture of the risks related to the no-lapse guarantees that were previously reinsured to UPARC. See Note 9 for additional information.
35
10K
2754
1,252
The Company’s investments are primarily in U.S. Government and Government Agencies ($16,623,363 amortized book value), other investment grade bonds ($2,107,307 amortized book value) and less than investment grade ($593,603 amortized book value).
32
10K
SwissReAG-AR_2014
1,273
Information about changes in share capital of our former parent company Swiss Reinsurance Company Ltd for earlier years is provided in the Annual Reports of this company for the respective years.
31
annual_report
TrygAS-AR_2013
1,350
Accumulated value adjustments Accumulated value adjustments at 1 January 0 27 -88 -61
13
annual_report
Sampoplc-AR_2006
496
Sampo Life Group’s solvency remained strong. The solvency capital amounted to EUR 1,033 million (1,077) and solvency ratio was 20.1 per cent (21.3) on 31 December 2006.
27
annual_report
2012
382
The Company refinanced $65 million in outstanding borrowings under the 1997 Credit Facility under a new credit facility (the "2002 Credit Facility"). The 2002 Credit Facility provided an aggregate of up to $65 million in initial borrowings divided between a 364 day revolving credit facility (the "Revolving Credit Facil...
169
10K
ASRNederlandNV-AR_2019
1,247
As of 1 December 2019, Ingrid de Swart is responsible for IT&C, Innovation & Digitisation, Services and Distribution.
18
annual_report
nl_ing_grp-AR_2015
7,213
Expected Loss (EL): The expected loss provides a measure of the value of the credit losses that ING Bank may reasonably expect to incur on its portfolio. In its basic form, the expected loss can be represented as: EL = PD * EAD * LGD. ING Bank must maintain a capital buffer against unexpected losses in order to protect...
73
annual_report
2039
1,145
We are a holding company that conducts no operations of its own. We rely primarily on cash dividends and management fees from Montpelier Re to pay our operating expenses, interest on debt facilities and dividends, if any. There are restrictions on the payment of dividends from Montpelier Re to the Company, which are de...
81
10K
gb_prudential-AR_2008
3,197
In addition, during the year the Group took possession of £66 million (2007: £7 million) of other collateral held as security, which mainly consists of assets that could be readily convertible into cash.
33
annual_report
AvivaPLC-AR_2017
3,249
Strategic report Governance IFRS financial statements Other information 4 – Segmental information continued (a) (iii) Segmental statement of financial position as at 31 December 2017
25
annual_report
5900
1,821
We measure and analyze our segment performance on the basis of "adjusted operating revenue" and "adjusted operating income" or "adjusted operating loss", which differ from total revenue and income before income tax as presented in our consolidated statements of income due to the exclusion of net realized investment gai...
129
10K
fr_axa-AR_2013
1,676
(€-79 million) due to an increase of average claim costs in both Motor and Household, the Gulf region (€-17 million) and
21
annual_report
ScorSE-AR_2017
3,882
We examined the methodology used by management to determine whether the potential impairment of the CGUs has been properly applied: We evaluated the models and calculations of the Group company in: ●● comparing multiples and discount rates used per country with our internal databases; ●● comparing the expected turnover...
138
annual_report
gb_prudential-AR_2016
4,913
Infracapital F2 GP1 Limited Ordinary shares 100.00% 50 Lothian Road, Festival Square, Edinburgh EH3 9WJ, UK
16
annual_report
4070
571
In December 2002, we organized BIC Statutory Trust I (“BIC Trust I”), a Connecticut special purpose business trust, which issued $8,000,000 of floating rate trust preferred capital securities in an exempt private placement transaction. BIC Trust I also issued $248,000 of floating rate common securities to Bancinsurance...
415
10K
DirectLineInsuranceGroupPLC-AR_2016
482
Flood Re From 1 April 2016, Flood Re, the Government and industrybacked scheme to provide affordable home insurance to households at high risk of flooding, became operational. The Group has supported Flood Re’s formation and was ready to cede chosen risks to Flood Re on its inception.
47
annual_report
INGGroepNV-AR_2016
2,050
Net result attributable to Equityholders of the parent 4,651 4,010 1,251
11
annual_report
AvivaPLC-AR_2013
3,761
Capital and credit market conditions An important part of our business involves investing client, policyholder and shareholder funds across a wide range of financial investments, including equities, fixed income securities and properties. Our results are sensitive to volatility in the market value of these investments,...
283
annual_report
SwissReAG-AR_2010
420
Board committees The Board of Directors has established five Board committees to ensure effectiveness of decision making, taking advantage of the specialist knowledge and skills of the committee members. ̤ Chairman’s and Governance Committee ̤ Audit Committee ̤ Compensation Committee ̤ Finance and Risk Committee ̤ Inve...
48
annual_report
2906
1,403
The unrealized (loss) gain on trading securities is related to investments held by segments in corporate bonds and equity securities. The unrealized loss experienced during the year 2005 is mostly attributed to losses in the portfolios held by segments in equity securities that seek to replicate the Standard & Poor’s 5...
113
10K
Sampoplc-AR_2009
691
The sensitivity of technical provisions to different risk factors on 31 December 2009 is presented in Table 6.
18
annual_report
fr_axa-AR_2017
5,454
The total cost of Performance Shares recognized was €36.2 million as of December 31, 2017 (€32.4 million as of December 31, 2016).
22
annual_report
GjensidigeForsikringASA-AR_2010
1,835
Received commissions for ceded reinsurance and profit share 8.2 7.2 total insurance-related operating expenses (2,889.5) (2,418.4)
16
annual_report
2891
108
OVERVIEW AND STRATEGY We are a major provider of life insurance, retirement and investment products to individual and institutional customers. Our mission is to assist financial services professionals in meeting their clients' financial protection, retirement and investment needs by providing top-tier products delivere...
48
10K
5623
1,086
The $9.5 million of adverse development in 2017 consisted of $7.2 million from commercial lines and $2.3 million from personal lines and mostly related to the 2016 and 2015 accident years. Substantially all of this development occurred in the first three quarters of 2017 and primarily consisted of $5.1 million from com...
72
10K
5835
1,398
The fair values of hedge funds, direct lending funds, private equity funds and real estate funds are estimated using net asset values (NAVs) as advised by external fund managers or third-party administrators (refer to Item 8, Note 6 to the Consolidated Financial Statements 'Fair Value Measurements' for further informat...
49
10K
5922
500
We also earn “profit-sharing contingent commissions,” which are commissions based primarily on underwriting results, but which may also reflect considerations for volume, growth and/or retention. These commissions, which are included in our commissions and fees in the Consolidated Statement of Income, are accrued throu...
91
10K
PosteItalianeSpA-AR_2019
3,601
40. If the amount of the impairment loss is greater than the carrying amount of the asset or CGU, in accordance with IAS 36, no liability is recognised, unless recognition of a liability is required by an international accounting standard other than IAS 36.
44
annual_report
fr_axa-AR_2019
4,027
ratio, if any), innovation, operational eff iciencies and business development from acquisitions within the forecast periods or at all, or we may be required to spend additional time and money on integration, any of which could adversely aff ect our business, financial condition, results of operations and growth. In ca...
180
annual_report
AegonNV-AR_2008
1,995
The amendments to IAS 23 remove the option of immediately recognizing as an expense borrowing costs that relate to assets that take a substantial period of time to get ready for use or sale. The amendments have a required adoption date of
42
annual_report
3978
820
Acquisition Cost Ratio: Acquisition costs in our insurance segment in 2008 had the non-recurring benefit of adjustments to sliding scale commissions, following prior year releases on our professional lines business. Acquisitions cost ratios were otherwise broadly comparable over the three year period.
42
10K
5100
1,255
The significant differences between the measurement methods used for fair value and Successor Ambac’s accounting policies for insurance and reinsurance contracts which impact the magnitude of the insurance intangible asset are as follows:
33
10K
BaloiseHoldingLtd-AR_2001
1,078
Cash and cash equivalents 303.3 279.5 177.1 759.9 in CHF m 6.5 Investments by business segments 2001
17
annual_report
NatixisSA-AR_2007
6,687
Natixis calls on independent actuaries to calculate its principal employee benefi ts. The discount rates, future salary growth rates and rates of return on plan assets used are based on observed market rates as at the balance sheet date (e.g.
40
annual_report
fr_axa-AR_2008
7,104
(General Meeting of Shareholders on April 30, 2009 – 20th resolution)
11
annual_report
5037
935
Medical Care Costs by Category. The following table provides the details of consolidated medical care costs by category for the periods indicated (dollars in millions except PMPM amounts):
28
10K
1996
1,239
2002 to 2001 Annual Comparison. Adjusted operating income increased $10 million in 2002 from 2001. The increase reflected a $159 million increase from individual life insurance and a $149 million decrease from individual annuities.
34
10K
BeazleyPLC-AR_2018
1,779
Another significant area of estimation is the group’s financial assets and liabilities. Information about estimation uncertainty related to the group’s financial assets and liabilities is described in this statement of accounting policies and note 16: financial assets and liabilities (valuations based on models and uno...
46
annual_report
4619
542
Total benefits and expenses decreased by $241 million, or 11%, to $1,897 million for the year ended December 31, 2011 when compared to 2010. The decrease is attributable to a reduction of $306 million in the Company’s Individual Markets segment which is primarily due to a reduction in future policyholder benefits and e...
66
10K
2513
1,094
The Company also entered into a non-cancelable operating sublease expiring in 2008. The minimum rent to be received by the Company in the future is $2.1 million per year through 2008. The lease is renewable at the option of the lessee under certain circumstances.
44
10K
4310
3,103
The tables below present certain information about the Company’s trading securities and other securities for which the FVO has been elected:
21
10K
ASRNederlandNV-AR_2010
650
The Supervisory Board concludes that the variable remuneration part of the recently determined remuneration policy, within a year of its ratification, no longer fully suits public perception. Considering public debate, the Supervisory Board chooses to develop a new and futureproof policy in 2011 whereby remuneration fi...
56
annual_report
ScorSE-AR_2017
185
– further developing the Non-Life US franchise and expanding in fast-growing Asia-Pacific Life markets through organic growth; ●● a high degree of diversification of Non-Life and Life business and geographical presence, providing more stable results and robust capital diversification benefits; ●● a controlled risk appe...
53
annual_report
GjensidigeForsikringASA-AR_2014
2,007
Martin Danielsen, Executive Vice President 2,305.2 291.5 160.5 447.1 324.1 4,498.5 3.7% 31.12.2021 3,949 1,705 7,441 12,515 3
18
annual_report
NatwestGroupPLC-AR_2009
2,135
The VaR disclosure is broken down into trading and non-trading, where trading VaR relates to the main trading activities of the Group and nontrading reflects the VaR associated with reclassified assets, money market business and the management of internal funds flow within the Group’s businesses.
45
annual_report
GjensidigeForsikringASA-AR_2012
1,143
The internal risk based capital requirement is determined in the Group’s capital management policy, which is approved by the Board. It is defined as the capital that is necessary in order to have a probability of 99.5 per cent of not using up all capital measured over one year, including all of the general insurance gr...
155
annual_report
4366
1,162
The amounts earned and owed under the swap agreements are accrued each period and are reported in interest expense. There was no ineffectiveness recognized in the periods presented. The portion of the debt acquired under the tender offer discussed above was not part of the first $250 million outstanding and therefore, ...
60
10K
1080
649
commercial premium PMPM decreasing .5% compared to the same period in 1996 primarily as a result of decreasing commercial premium PMPM in the California health plan.
26
10K
nl_ing_grp-AR_2010
3,136
During 2010 the overnight VaR for the ING Commercial Banking trading portfolio ranged from EUR 17 million to EUR 30 million. No limit excess was observed in 2010.
28
annual_report
ScorSE-AR_2014
2,058
OPERATING RESULT (BEFORE IMPACT OF ACQUISITIONS) 12 Acquisition related expenses - Gain from bargain purchase -
16
annual_report
1187
400
PAULA Financial and subsidiaries (collectively referred to as "the Company") is an integrated insurance organization specializing in the production, underwriting and servicing of workers' compensation and accident and health insurance for agribusiness clients in California, Arizona, Oregon, Idaho, Alaska, Texas, Florid...
82
10K
1431
231
Total Revenues. Total revenues increased from $660.6 million in 1998 to $752.2 million in 1999, an increase of $91.6 million, or 13.9%.
22
10K
fr_axa-AR_2010
9,481
In March 2011, AXA APH announced the following: (i) on March 1st, 2011, AXA APH announced that it has been notifi ed that the proposed merger of AXA APH’s Australian and
31
annual_report
5534
1,366
Interest and principal payments on the surplus notes are subject to prior approval by the NYSDFS. From the January 15, 2013 interest payment to the present, MBIA Corp.’s requests for approval of the note interest payments have not been approved by the NYSDFS. MBIA Corp. provides notice to the Fiscal Agent when it will ...
182
10K
NatixisSA-AR_2014
2,710
Capital ratios and buffers 61 Common Equity Tier 1 (as a percentage of risk exposure amount) 11.0% 92 (2) (a), 465 62 Tier 1 (as a percentage of risk exposure amount) 12.0% 92 (2) (b), 465 63 Total capital (as a percentage of risk exposure amount) 13.8% 92 (2) (c)
50
annual_report
DirectLineInsuranceGroupPLC-AR_2017
486
The COR increased by 4.4 percentage points primarily as a result of a higher loss ratio, partially offset by a reduced commission ratio. The loss ratio increased 9.9 percentage points compared with 2016, mainly as prior-year reserve releases were lower than for 2016 at £23.7 million (2016: £75.9 million), as 2016 benef...
127
annual_report
NatwestGroupPLC-AR_2016
2,986
An operating profit of £111 million compared with an operating loss of £470 million in 2015 which included a goodwill impairment of £498 million. Adjusted operating profit of £149 million was £36 million, or 32%, higher than 2015 reflecting increased income, lower adjusted operating expenses and lower impairments.
48
annual_report
NatwestGroupPLC-AR_2019
2,426
Bank deposits — Repos 2,598 — 2,598 941 — 941 Other bank deposits (1) 6,688 11,207 17,895 6,497 15,859 22,356 9,286 11,207 20,493 7,438 15,859 23,297 Customer deposits Repos 1,765 — 1,765 3,774 — 3,774 Non-bank financial institutions 48,759 352 49,111 46,115 149 46,264 Personal 183,124 1,210 184,334 178,087 1,499 179,5...
160
annual_report
3569
1,221
The following unaudited proforma condensed combined income statement for the twelve months ended December 31, 2007 and 2006 combines the historical consolidated statements of income of the Company, EGI, BH and Inter-Ocean giving effect to the business combinations and related transactions as if they had occurred on Jan...
53
10K
4908
14,489
Periodically, White Mountains’s management reviews the recoverability of amounts recorded from the BAM Surplus Notes and, as of December 31, 2014, believes such notes and interest thereon to be fully recoverable. However, the determination of future recoverability is judgmental, as BAM was recently established and the ...
146
10K
4734
813
CMBS are securitizations of underlying pools of mortgages on commercial real estate. The underlying mortgages have varying risk characteristics and are pooled together and sold in different rated tranches. The Company’s CMBS include conduit, large loan and single borrower. The Company’s $0.2 million of gross unrealized...
58
10K
5641
1,098
Prior to the sale of Chaucer on December 28, 2018, the Company also held investments in overseas deposits; such deposits were maintained in overseas funds and were managed exclusively by Lloyd’s. These funds were required in order to protect policyholders in overseas markets and enabled the Company to operate in these ...
77
10K
RSAInsuranceGroupPLC-AR_2019
2,003
Notes: 1. The performance period is three years and ends on 31 December 2021. Performance measures are Group underlying ROTE, Relative TSR and a Business Scorecard
26
annual_report
4706
1,211
Numerous private party lawsuits based on similar allegations to those made in the NYAG complaint were commenced against the Company, one or more of its subsidiaries, and their current and former directors and officers. The vast majority of these matters have been resolved. Two actions instituted by policyholders agains...
58
10K
3908
2,458
Included in the table above are $980.6 million and $1,236.9 million in Tier One and Tier Two securities, representing committed term debt and hybrid instruments senior to the common and preferred equities of the financial institutions, at fair value as at December 31, 2008 and 2007, respectively. These securities have ...
79
10K
5109
1,123
Cash flows from operations in each year were impacted by the timing of payments we received from our states. States may prepay the following month premium payment, which we record as unearned revenue, or they may delay our premium payment, which we record as a receivable. We typically receive capitation payments monthl...
83
10K
fr_axa-AR_2007
275
— Whole life products, which provide a death benefit over a person’s entire lifetime or up to a certain age, such as age 95 or 100, as long as the required premiums are paid.
34
annual_report
DirectLineInsuranceGroupPLC-AR_2013
1,701
• A material failure of risk management or any other act or omission that has had a sufficiently significant impact on the reputation of the Company to justify such action
30
annual_report
de_allianz-AR_2007
2,157
Average balance of impaired loans 2,448 2,390 Interest income recognized on impaired loans 29 28 Interest income not recognized from nonaccrual loans 77 86 Interest collected and recorded on nonaccrual loans 3 7
33
annual_report