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2968
4,327
Currently, the Company and its insurance subsidiaries have statutory surplus and risk-based capital levels well above regulatory required levels. At December 31, 2006, the Company and its primary insurance subsidiaries had the following insurer financial strength ratings:
37
10K
4034
1,214
circumstances we have made additional draw-downs to refinance existing debt of the acquired company. Total amounts of long-term debt outstanding as of December 31, 2009 and 2008 totaled $255.0 million and $391.5 million, respectively, and were comprised as follows:
39
10K
1657
1,945
The increase in the medical loss ratio in 2000 is primarily the result
13
10K
Sampoplc-AR_2012
226
◦ Mattila holds 4,089 Sampo plc shares directly or through a controlled company.
13
annual_report
1498
262
Significant shareholders may have the ability to exercise control over us.
11
10K
1135
296
Revenue from real estate properties was $21.8 million in 1999, a decrease of $2.8 million, or 11.3%, from $24.6 million in 1998 mainly as a result of the sales of the industrial property and apartment complex discussed previously.
38
10K
SwissReAG-AR_2007
2,164
Insurance of individuals or groups against economic risks in the event of death or temporary or permanent disability by accident. A branch of casualty insurance.
25
annual_report
de_allianz-AR_2006
1,231
Outlook Allianz Australia expects to continue to employ market segmentation technique, which includes diversifying its portfolio outside of the traditionally cyclical areas.
22
annual_report
fr_axa-AR_2004
2,453
Macro hedge and speculative derivatives - - 0,00% 99 99 0,97% 99 99 0,02%
14
annual_report
3741
1,055
The investments held at the end of the year were comprised mainly of high-quality money market instruments, securities of the United States government and its agencies, and securities of high-quality corporate issuers.
32
10K
gb_prudential-AR_2004
472
If FRS 17 had been fully implemented for 2004, it is estimated that a £10 million shareholder charge (after tax) in the profit and loss account, and a shareholder charge of £6 million (after tax) in the statement of total recognised gains and losses would have been reported.
48
annual_report
NatwestGroupPLC-AR_2004
556
�� Stocksbridge Training & Enterprise Partnership (STEP) in South Yorkshire, supported by the RBS Group, assists people in finding new forms of employment outside the declining steel industry.
28
annual_report
1371
266
The nonstandard segment (National) increased its earned premiums in 1998 19.0%. This segment's growth has slowed compared to prior year levels due to aggressive underwriting action designed to improve profitability in Tennessee and Arkansas (National's two largest states), a more restrictive underwriting posture with s...
84
10K
ch_zurich_insurance_group-AR_2019
118
Growing in retail In retail, we will focus on enriching our offering with innovative and more flexible products and services, such as our recently launched Zurich klinc on-demand gadget insurance in Spain, and ToggleSM, a customizable insurance with innovative services for renters, introduced by Farmers in the U.S. We ...
92
annual_report
RaiffeisenBankInternationalAG-AR_2017
5,551
The amendments in Disclosure Initiative (Amendments to IAS 7) come with the objective that entities shall provide disclosures that enable users of financial statements to evaluate changes in liabilities arising from financing activities. This includes both cash- and non-cash transactions. The application of these amend...
89
annual_report
ScorSE-AR_2015
2,361
As at December 31, 2015 As at December 31, 2014 In EUR million Book value Book value
17
annual_report
AvivaPLC-AR_2011
640
25 3rd Quarter 2011 report of US Individual Annuities sales, Life Insurance and Market Research Association. 26 MSA Research Inc., 2010 online database.
23
annual_report
AvivaPLC-AR_2014
1,386
Internal audit The Internal Audit function reports to the Board (primarily via the committee), and to management on the effectiveness of the Group’s systems of internal control and the adequacy of these systems to manage business risks and to safeguard the Group’s assets and resources.
45
annual_report
NatixisSA-AR_2008
7,687
KOBRICK FUNDS, LLC Asset Management FC 89 89 89 89 United States
12
annual_report
610
282
Health Power HMO is also subject to the risk of other claims normally associated with the operation of an HMO, including claims resulting from decisions regarding providers, medical circumstances or necessity of treatment, including failure to approve medical procedures or hospital admissions, claims against Health Pow...
197
10K
4613
995
For each of the three years in period ended December 31, 2012, U.S. RMBS insured transactions have generated the most losses of all the insured sectors. The recovery in the mortgage market has taken longer than originally anticipated, however, the loss development was mitigated by R&W recoveries and negotiated loss sha...
125
10K
StorebrandASA-AR_2004
1,617
If Skadeforsäkring Holding AB *) 22.47% 4 354.9 3 911.5 -4 100.5 189.0 *) Companies sold in 2004 38 Equity capital
21
annual_report
5148
2,166
The underwriting results of an insurance or reinsurance company are often measured by reference to its combined ratio, which is the sum of the losses and loss expense ratio and the expense ratio. The losses and loss expense ratio is calculated by dividing losses and loss expenses incurred (including estimates for incur...
113
10K
gb_prudential-AR_2016
2,193
The Committee also exercised its discretion in accordance with the approved Directors’ remuneration policy and determined that Michael should be allowed to retain his unvested PLTIP and M&G LTIP awards granted in 2014 and 2015. The 2014 and 2015 awards will vest in accordance with the original timetable, subject to the...
79
annual_report
HiscoxLtd-AR_2018
1,545
4 Operating segments (a) Profit before tax by segment continued 128 Hiscox Ltd Report and Accounts 2018 1 Strategic report 41 Governance 67 Remuneration 97 Financial summary Notes to the consolidated financial statements
33
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2015
2,768
Disclosures on risks from insurance contracts and financial instruments Munich Re’s reporting is based on various legal regulations governing risks it is exposed to as a result of its business operations: IFRS 4 prescribes disclosures on the type and extent of risks from insurance contracts. Under IFRS 7, analogous dis...
108
annual_report
HannoverRueckSE-AR_2019
1,939
For the 2020 financial year we anticipate further good business prospects in life and health reinsurance. Driven by the continuing development of their economies, it is our assumption that emerging markets, in particular, will continue to generate above-average economic growth. Based on the associated rise in incomes a...
82
annual_report
2032
315
2002 compared to 2001 -- Revenues increased in 2002 compared to 2001 due to increases in net premiums earned in each of the offices in this grouping, led by Miami and Toronto. Loss before income taxes in 2002 worsened compared to a year ago, due principally to a deterioration of underwriting results caused by increased...
106
10K
ch_zurich_insurance_group-AR_2006
692
Held-to-maturity financial assets are debt securities which the Group has the ability and positive intent to hold to maturity. Fair value through profit or loss has two sub-categories: financial assets held for trading and those designated at fair value through profit or loss at inception. The fair value option is main...
122
annual_report
5813
909
•Pool or share proportionately the underwriting profit and loss results of property and casualty insurance underwriting operations through reinsurance;
19
10K
2103
322
31, 2001, from $60.6 million of favorable development for the same period in 2000. The unfavorable trend in reserve development is primarily the result of an increase in personal automobile loss frequency and severity. Partially offsetting the unfavorable effect of prior years' reserve development was a decrease in cat...
101
10K
PosteItalianeSpA-AR_2017
1,600
which support the legality of the obligations laid down by the legislation in question regarding couriers and road hauliers insofar as they provide postal services. A ruling is awaited. Regarding the right to direct access to the universal postal network, on 18 October 2017 the regulator published Resolution 384/17/CON...
218
annual_report
StorebrandASA-AR_2006
1,301
The group’s presentation currency and functional currency is the Norwegian krone (NOK). Foreign companies included in the group that use a different functional currency are translated to NOK by translating the profit and loss account at the average exchange rate for the accounting year and translating the balance sheet...
67
annual_report
5661
780
We lease approximately 47,000 square feet of office space in Emeryville, California pursuant to an office facility lease that we initially entered into in 2012 (as amended, the Lease). The term of the Lease extends through March 2023. We do not own or lease any other facilities.
47
10K
2824
636
YEAR ENDED DECEMBER 31, 2005 COMPARED WITH THE YEAR ENDED DECEMBER 31, 2004 -- THE COMPANY
16
10K
NatixisSA-AR_2005
1,277
Interest rate limits for capital markets activities: Maximum sensitivity of interest rate maturity schedules to a +/-1% shift in the yield curve is B100 million for capital markets activities (including treasury desks). This limit also applies to a point-by-point distortion of the yield curve. Within the overall intere...
69
annual_report
StorebrandASA-AR_2017
3,828
The required rate of return is calculated based on the risk-free interest rate and added to a premium that re�ects the risk of the business.
25
annual_report
2186
1,213
On an ongoing basis, management evaluates its estimates, including those related to loss and LAE reserves, purchase accounting and related deferred credits and goodwill, reinsurance transactions and its pension benefit obligations. Management bases its estimates on historical experience and on various other factors tha...
78
10K
5130
1,726
Outstanding principal and interest for these life policy loans totaled $31 million at December 31, 2015 and 2014. To determine the fair value, we make the following significant assumptions: (1) the discount rates used to calculate the present value of expected payments are the risk-free spot rates, as nonperformance ri...
72
10K
4095
1,335
While the above actions have strengthened our liquidity and capital position, certain of them, as well as our decision to maintain higher levels of cash and short-term investments than in prior periods, have had a negative impact on current earnings. For additional information on our liquidity and capital resources, an...
61
10K
1548
337
We have incurred $501,000 of conversion expenses in 2000. The increase in amortization expense is a result of the acquisition of a management company in October 1999 which previously had performed all of the managerial functions for APAssurance and its subsidiaries.
41
10K
SwissReAG-AR_2006
189
The events were highly interactive, with multidisciplinary breakout groups to discuss high potential client relationships and improved organisational effectiveness. The active involvement of Swiss Re clients in the panel discussions and workshops provided important insights that were subsequently combined with Swiss Re...
48
annual_report
3419
1,371
The Company will file a consolidated tax return with its includable subsidiaries. Non-includable subsidiaries file either separate individual corporate tax returns or separate consolidated tax returns. Under the tax allocation agreement, the federal income tax will be allocated between the companies on a separate retur...
59
10K
NatixisSA-AR_2008
10,124
General Shareholders’ Meeting, within the limit of 10% of the capital in any 24 month period. This authorization would render any prior authorization of the same type, for unused amounts, null and void.
33
annual_report
NatixisSA-AR_2006
2,178
Sold to an external service provider for re-use or treatment in line with legislation. A waste tracking form is supplied.
20
annual_report
1933
808
In April 2002, the Company’s Board of Directors and stockholders approved to increase the number of authorized common shares from 135,000,000 to 300,000,000. The Board of Directors and stockholders also authorized a two-for-five reverse stock split for its common shares issued and outstanding or held in treasury immedi...
114
10K
PhoenixGroupHoldingsPLC-AR_2020
475
This is a recognised industry measure for the speed of processing Pension Transfers, Open Market Options and Immediate Vesting Personal Pensions. It measures the end-to-end time from the date of receipt of a request to transfer to the date the monies arrive with the new pension provider. It allows us to benchmark perfo...
63
annual_report
4830
604
We have audited the accompanying consolidated balance sheets of GWG Holdings, Inc. and Subsidiaries (Company) as of December 31, 2012, and the related consolidated statements of operations, changes in equity, and cash flows for the year then ended. These consolidated financial statements are the responsibility of the C...
65
10K
5886
573
For the variable and UL policies a significant portion of the gross profits is derived from mortality margins and therefore, are significantly influenced by the mortality assumptions used. Mortality assumptions represent our expected claims experience over the life of these policies and are based on a long-term average...
103
10K
4137
1,771
Net investment income and net realized and unrealized gains on investments are discussed within the corporate function results of operations as we manage investments for this segment on a consolidated basis with the Bermuda/Dublin insurance and life and annuity reinsurance segments.
41
10K
3832
1,460
Our credit derivative policies are classified as Level 3 in the above fair value hierarchy since the valuations provided to us by our ceding companies are from valuation models which place reliance on at least one significant unobservable input. Consistent with the requirements of FAS 157, we believe these models use o...
56
10K
ch_zurich_insurance_group-AR_2007
2,253
Zurich Finance (USA), Inc. 5.75% EUR 500 bond, due October 2023 720 651
13
annual_report
3130
837
Our trading securities are designed to act as hedges for embedded derivatives related to our equity-indexed annuity products and certain modified coinsurance agreements. See the section of this note entitled "Accounting for Derivatives" for further discussion regarding embedded derivatives and the trading accounts. In ...
112
10K
5814
1,475
We review fair value prices provided by our outside investment accounting service provider or our investment managers for reasonableness by comparing the fair values provided to those provided by our investment custodian. We conduct
34
10K
2822
1,104
In addition, except where required or permitted by applicable accounting principles, components of our Consolidated Balance Sheets are not marked to market or otherwise intended to reflect our estimates of the fair market or disposition value of such assets or liabilities or the related businesses. The recorded value o...
131
10K
ch_zurich_insurance_group-AR_2014
2,110
Other post-employment benefits Other post-employment benefits, such as medical care and life insurance, are also provided for certain employees and are primarily funded internally. Similar to retirement benefits, the cost of such benefits is accrued over the service period of the employees based on the actuarially dete...
51
annual_report
HelvetiaHoldingAG-AR_2012
1,502
Not based on market data Total fair value in CHF million Level 1 Level 2 Level 3
17
annual_report
StandardLifeAberdeenPLC-AR_2013
421
• We continue to work closely with Standard Life Investments on distributing global investment products through our retail investment funds offering, securing a greater proportion of the value chain and driving future revenue growth. Across all our product lines 20 new funds managed by Standard Life Investments were la...
51
annual_report
ch_zurich_insurance_group-AR_2013
1,492
Analysis of economic sensitivities for equity risk Tables 7 to 9 show the estimated impacts from a 10 percent decline in stock markets, after consideration of hedges in place, as of December 31, 2013 and 2012, respectively.
37
annual_report
DirectLineInsuranceGroupPLC-AR_2017
1,396
31 December 2012 31 December 2013 31 December 2014 31 December 2015 31 December 2016
15
annual_report
gb_prudential-AR_2012
3,501
Accordingly, the excess of assets over liabilities of the PAC long-term fund is retained within that company. The retention of the capital enables it to support with-profi ts and other business of the fund by, for example, providing the benefi ts associated with smoothing and guarantees. It also provides investment fl ...
88
annual_report
2175
1,149
As of December 31, 2003, the Company had aggregate unsecured reinsurance receivables that exceeded 3% of shareholders’ equity from the following groups of reinsurers. Unsecured reinsurance receivables include amounts receivable for paid and unpaid losses and loss adjustment expenses and unearned premiums less reinsuran...
48
10K
nl_ing_grp-AR_2011
1,700
Equity securities 45 392 Debt securities 2,967 3,672 Loans and receivables 1,000 570
13
annual_report
StorebrandASA-AR_2007
1,585
Aqusition of Hadrian Eiendom Storebrand Bank ASA has purchased 90.9% of the shares in Hadrian Eiendom AS, a commercial real estate broker and advisor. The purchase price for the shares was NOK 46.9 million.
34
annual_report
LloydsBankingGroupPLC-AR_2014
4,033
Change in non‑participating investment contracts: Change in gross liabilities (1,448) (5,409) (5,058)
12
annual_report
4989
2,188
All dividends and returns of capital to MetLife, Inc., were from operating subsidiaries and none were from other MetLife holding companies during the years ended December 31, 2014 and 2013.
30
10K
RSAInsuranceGroupPLC-AR_2017
2,255
Held for trading Derivative assets/ (liabilities) not designated as hedging instruments
11
annual_report
796
443
+ Previously filed as an exhibit to the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 1996, as filed with the SEC on March 10, 1997.
31
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011
936
risk appetite anchored in business planning constant refinement of risk measurement tools
12
annual_report
fr_axa-AR_2019
4,796
The decrease in reserves ceded to reinsurers is mainly driven by the deconsolidation of Equitable Holdings, Inc.
17
annual_report
4005
1,413
The Company’s investment strategy allows for the use of derivative instruments, subject to strict limitations. The Company utilizes various derivative instruments such as futures contracts, credit default swaps, foreign currency option contracts, foreign exchange forward contracts and written covered call options for t...
45
10K
2335
653
During the fourth quarter and going forward, changes in the fair value of the embedded derivative flow through net income, as do changes in the fair value of the trading account securities, as represented by adjustments 3A and 3B in the table below. For the quarter ended December 31, 2003, the effect of the two new mar...
102
10K
3605
4,520
Fee income earned on fully funded polices increased 27% to $2.1 million for the year ended December 31, 2007 compared to $1.7 million for 2006. The Company has seen some adverse impact from the overall market softening on its production efforts in this line as traditional insurance provides a cost effective alternative...
54
10K
3589
1,025
During 2005, we recognized a loss of $14.6 million on the sale of securities issued by a major U.S. based automotive parts supplier. These securities were investment-grade at the time of purchase but were downgraded to below-investment-grade in the first quarter of 2005. At the time of sale, these securities had been c...
82
10K
5603
1,158
Litigation: Torchmark and its subsidiaries, in common with the insurance industry in general, are subject to litigation, including putative class action litigation, alleged breaches of contract, torts, including bad faith and fraud claims based on alleged wrongful or fraudulent acts of agents of Torchmark’s subsidiarie...
186
10K
5892
1,551
The Company recognizes deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements or tax returns. Deferred tax assets and liabilities are determined based on the differences between the financial statement and tax basis of assets and liabil...
111
10K
NatwestGroupPLC-AR_2018
2,278
 The impairment charge for the year was £398 million. This reflected the relatively stable external environment.
17
annual_report
4525
228
Consulting income for 2012 decreased to $53,582 from $96,714 in 2011. The decrease of $43,132 or 45% was because demand for consulting services decreased. In addition, one of the major clients set up their own in-house consulting team, contributing to the decrease in the demand of consulting service. In addition, enrol...
93
10K
NatwestGroupPLC-AR_2011
386
• We served 88% of customers in our branches in less than five minutes.
14
annual_report
SwissLifeHoldingAG-AR_2018
108
GROSS WRITTEN PREMIUMS, POLICY FEES AND DEPOSITS RECEIVED 19 218 18 565 4%
13
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2017
1,758
31 Dec. 2007 38,275 31 Dec. 2008 30,409 8,820 31 Dec. 2009 25,888 5,963 8,690 31 Dec. 2010 22,209 4,279 5,472 8,592 31 Dec. 2011 19,207 3,401 3,729 5,547 11,563 31 Dec. 2012 16,866 2,826 3,123 3,841 7,529 8,594 31 Dec. 2013 15,596 2,458 2,762 3,230 5,317 5,482 8,642 31 Dec. 2014 14,046 1,924 2,097 2,668 3,877 3,917 5,6...
100
annual_report
GjensidigeForsikringASA-AR_2010
1,513
in 2009 and 2010 the group’s own valuation model has been used both in the quarterly financial statements and at year end. in addition, two independent external advisors were brought in to value selected parts of the portfolio at year end, thus ensuring that more than 90 per cent of the carrying amounts has been benchm...
63
annual_report
1909
635
The Company's cash paid during the year for interest and federal income taxes and non-cash financing activities were as follows:
20
10K
4972
1,277
The fair value of the 1,000,000 preferred shares was $225,000 at the time of the preferred share issuance. The Fair value of the common shares was $200,000 at the time of the preferred share issuance based on its market price at the date of the transaction. Therefore, the incremental value of the preferred shares was $...
62
10K
ch_zurich_insurance_group-AR_2011
820
The quality of the Group’s investment portfolio remains high. Investment grade securities continue to comprise 98 percent of the Group’s debt securities, of which 38 percent are rated AAA as of December 31, 2011. This is a decline of 15 percentage points since December 31, 2010 mainly due to the downgrade of the credit...
94
annual_report
AssicurazioniGeneraliSpA-AR_2019
3,075
Net unrealized gains and losses on cash flows hedging derivatives 137 26
12
annual_report
HannoverRueckSE-AR_2010
310
Strategic objectives 1. Profitable growth Return on equity of at least 750 basis points above the
16
annual_report
fr_axa-AR_2010
4,756
General Meeting held on April 29, 2010 (11th resolution), AXA, in accordance with the provisions of Article L.225-209 of the
20
annual_report
1147
324
NOTE 9 - ACCRUED EXPENSES AND OTHER LIABILITIES - ----------------------------------------------- Accrued expenses and other liabilities consist of the following:
19
10K
5512
2,168
priority order: quoted prices, prices from third-party pricing services, internal matrix pricing, and independent broker quotes. The fair value of free-standing derivative instruments are determined primarily using a discounted cash flow model or option model technique and incorporate counterparty credit risk. In some ...
99
10K
AegonNV-AR_2019
529
Looking forward Because we have built a diverse and efficient financial services business, we believe that we are able to utilize our capital efficiently, which allows us to invest back in the business in pursuit of sustainable growth:  Reach new customers: We utilize both intermediaries and our direct-to-customer dis...
62
annual_report
RaiffeisenBankInternationalAG-AR_2020
3,208
Planning period 5 years 5 years 5 years 5 years RBCZ: Raiffeisenbank a.s., Prague (CZ) RKAG: Raiffeisen Kapitalanlage-Gesellschaft m.b.H., Vienna (AT)
21
annual_report
AegonNV-AR_2008
4,725
Transamerica Finance Corp. with respect to bonds, capital trust pass-through securities and notes issued under commercial paper programs (EUR 694 million), as well as payables with respect to certain derivative transactions of Transamerica Corporation (nominal amount EUR 1,003 million); Due and punctual payment of any ...
50
annual_report
NatwestGroupPLC-AR_2020
3,476
Currency translation and other adjustments — — — — 19 19 19 19 Transfers from Stage 1 to Stage 2 (28,812) (8) 28,812 8 — — — — Transfers from Stage 2 to Stage 1 8,899 18 (8,899) (18) — — — —
43
annual_report
3727
401
We are a stock life insurance company that commenced operations as a legal reserve life insurance company under the laws of the State of New York on December 18, 1996, under our former name, TIAA Life Insurance Company. We changed our name to TIAA-CREF Life Insurance Company on May 1, 1998. We are a wholly-owned subsid...
107
10K
RaiffeisenBankInternationalAG-AR_2010
915
At the end of 2009, the Group-wide guideline "Total Rewards Management" was revised and introduced in accordance with international guidelines. In 2010, the focus was on implementing these guidelines in each country and on checking or amending the position evaluations, salary structures and variable pay schemes. In Hun...
85
annual_report
PowszechnyZakladUbezpieczenSA-AR_2016
288
The yield of two-year treasury bonds increased by 40 bps, while the yields on 5- and 10-year bonds went up by about 60–70 bps. At the end of 2016, the 10-year treasury bonds yield amounted to about 3.60%.
38
annual_report
INGGroepNV-AR_2019
3,954
IFRS 16 ‘Leases’ - Accounting policies applied from 1 January 2019
11
annual_report
2045
210
Based on market values at December 31, 2002 approximately 14% (2001-18%/2000-19%) of the Company's investment portfolio was invested in a U.S. dollar denominated international equity fund and the remaining 86% (2001-82%/2000-81%) was invested in U.S. dollar denominated fixed-income securities.
39
10K
fr_axa-AR_2002
2,833
At December 31, 2002, the notional amount and net fair value of such derivative instruments was €23,938 million, €83 million respectively (2001: €1,762 million and €38 million respectively). The impact on net income was a charge of €208 million (net Group share) in 2002 (2001: a charge of €56 million). The principal AX...
157
annual_report