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4504
1,613
Interest expense. Interest expense includes interest on funds withheld from reinsurers, interest on our senior notes outstanding and accretion of deposit liability contracts. Interest expense for the year ended December 31, 2011 increased by $15.4 million compared to the year ended December 31, 2010, and increased by $...
139
10K
Sampoplc-AR_2019
2,506
Group companies want to provide customers with the best service in all situations. Here skilled and motivated employees is an essential success factor. Losing talent or being perceived as an unattractive employer would pose large risks for the businesses. Therefore, Sampo Group companies strive to ensure a sound work e...
69
annual_report
NatixisSA-AR_2018
3,501
Coface UK Holdings Limited Full consolidation Equity method Holding company Great Britain
12
annual_report
gb_prudential-AR_2006
4,068
The future policyholder benefit provisions for Asian businesses in the Group’s IFRS accounts and previously under the MSB, are determined in accordance with methods prescribed by local GAAP adjusted to comply, where necessary, with UK GAAP.
36
annual_report
1914
919
Securities Available-for-Sale: LNC’s entire fixed maturity and equity securities portfolio is classified as “available-for-sale” and is carried at fair value on its balance sheet. Because the general intent of the “available-for-sale” accounting rules is to reflect shareholders’ equity as if unrealized gains and losses...
226
10K
RaiffeisenBankInternationalAG-AR_2009
1,328
General administrative expenses fell by 16 per cent to € 439 million, and the cost-income ratio therefore remained almost unchanged at 31.6 per cent.
24
annual_report
gb_prudential-AR_2008
1,226
Further details are set out in the section on ‘All-employee plans’ on page 112.
14
annual_report
664
441
The Company's asset/liability management approach utilizes separate investment portfolios for specific product lines, such as traditional life, universal life and annuities. Investment policies and strategies have been established based on the specific characteristics of each product line. The portfolio investment poli...
137
10K
5200
699
The Company considers alternative strategies in order to create long-term shareholder value. For example, the Company considers opportunities to acquire financial guaranty portfolios, whether by acquiring financial guarantors who are no longer actively writing new business or their insured portfolios, or by commuting b...
114
10K
4076
322
Certain financial information for The National Security Group’s two operating segments (Life segment, property and casualty segment) and holding company level expenses is summarized as follows (amounts in thousands):
29
10K
589
695
The statutory combined ratio (after policyholder dividends) was 102.2, which produced an underwriting loss (on a generally accepted accounting principles basis) of $855,000. The statutory combined ratio of 99.9 for 1994 resulted in an underwriting loss of $218,000. The 1995 combined ratio increased primarily because of...
61
10K
5529
923
“Asbestos claims” are claims for bodily injury alleged to have occurred from exposure to asbestos-containing products. Our primary exposure arises from insuring various distributors of asbestos-containing products, such as electrical and plumbing materials. At December 31, 2018, asbestos claims constituted 27% of our $...
66
10K
1684
352
For short-term disability, both the average claim duration and paid incidence increased from the prior year. The average weekly indemnity continued to increase as well, but the premium per life grew at a slightly higher level. The Company expects to modify its product and pricing strategy in short-term disability to be...
73
10K
NNGroupNV-AR_2013
1,452
The discount rate is approximately 3.7% on 31 December 2013 (2012: 3.8%). As disclosed in the 2012 Annual Accounts, discussions were ongoing, both in the industry and at the IASB, on the definition of the discount rate for defined benefit pension liabilities and NN Group would reconsider the methodology for setting the...
183
annual_report
de_allianz-AR_2014
3,348
Dr.-ing. Dr.-ing. e.H. norbert reitHofer Chairman of the Board of Management BMW AG
13
annual_report
ScorSE-AR_2018
5,835
Agreements entered into by the Company which are modified or terminated in the case of a change of control of the Company Sections 2.3.1.5
24
annual_report
AegonNV-AR_2013
5,959
Financial Markets and the US Securities and Exchange Commission, including the Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to release publicly any updates or re...
79
annual_report
de_allianz-AR_2007
667
Loan loss provisions showed gross releases and recoveries of � 645 million and at the same time new provisons of � 513 million leading to net releases of � 132 million in 2007 (2006: net additions of � 27 million). We recorded releases and recoveries on a high level reflecting our conservative risk approach in the past...
97
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2001
623
The ERGO Group’s shareholders’ equity amounted to €6.0bn (6.3bn) at the end of the year under review. This decrease of 5.7% (+22.7%) is due to the fall in the value of investments resulting from the adverse stock market situation.
39
annual_report
BaloiseHoldingLtd-AR_2005
616
Rolf Schäuble, Arend Oetker and Eveline Saupper were confirmed in office for a new three-year term in the year under review.
21
annual_report
5706
1,671
(1) During the second quarter of 2019, we amended The Principal Pension Plan and The Principal Financial Group Nonqualified Defined Benefit Plan for Employees to end traditional benefit accruals as of December 31, 2022, and begin cash balance accruals January 1, 2023. We remeasured the associated plan assets and pensio...
88
10K
RSAInsuranceGroupPLC-AR_2012
1,984
There are no new IFRS or interpretations of IFRS that have become effective during 2012 and that have a significant impact on the
23
annual_report
3704
2,381
Unpaid losses and LAE of our discontinued operations are presented with the gross liabilities of discontinued operations in a separate line on the balance sheet. The unpaid losses and LAE for these operations, net of reinsurance, at December 31, 2008 and 2007 were $164.3 million and $195.8 million, respectively, net of...
112
10K
AegonNV-AR_2012
2,593
EUR 100 million in market value will not be effective until the law has changed.
15
annual_report
ch_zurich_insurance_group-AR_2017
907
Achievements in 2017 During 2017 we implemented the changes to align the STIP architecture with the organizational structure and ensure consistency in the funding metrics of the STIP pools. In addition, the cash remittance performance metric for LTIP vesting was recalibrated to align with the Group’s financial targets....
82
annual_report
fr_axa-AR_2011
8,345
Total net value of derivative instruments - liabilities (2) 95 (1,491) 3
12
annual_report
1868
911
Net cash provided by operating activities was $3,944.8 million and $2,637.3 million for the years ended December 31, 2001 and 2000, respectively. The increase in net cash provided was due, in part, to: (1) a decrease in cash paid for operating expenses due to improved expense management and a decrease in commissions, a...
226
10K
ScorSE-AR_2014
2,977
25 INFORMATION ON HOLDINGS As concerns the holdings held directly by SCOR, refer to:  Section 7 – Organizational Structure;  Appendix A – 1.5 - Notes to the corporate financial statement, Note 2.3 – Subsidiaries and affiliates;  Section 20.1.6 – Notes to the consolidated financial statements, Note 24 – Related party...
54
annual_report
PosteItalianeSpA-AR_2019
1,967
Increase the number of parental participation in soft skills enhancement programs developed on the occasion of care activities
18
annual_report
5213
1,304
As of December 31, 2016 and 2015, the guarantee portfolio was diversified by type of guaranteed bond as shown in the following table:
23
10K
2297
710
The Company’s primary focus in 2004 for Income Protection will be on enhancing profitability, with an emphasis on the core markets and a balanced mix of business. The Company does not expect significant sales growth in 2004, particularly in the large-employer market, as the Company continues with the strategy it implem...
164
10K
1000
808
Insurance Operations - Premium revenues - Insurance premiums on property and casualty and accident and health insurance contracts are earned ratably over the terms of the policies after provision for estimated adjustments on retrospectively rated policies and deductions for ceded insurance. Revenues on universal life t...
79
10K
RaiffeisenBankInternationalAG-AR_2015
2,884
RAIFFEISEN INVEST AD DRUSTVO ZA UPRAVLJANJE INVESTICIONIM FONDOVIMA BEOGRAD, Belgrade (RS) 47,662,692 RSD 100.0% FI
15
annual_report
2609
470
The resolution of some of the claims reported to us is determined through a trial. Following is a summary of the trial results for each period.
26
10K
3577
2,198
At December 31, 2007, we recorded an income tax benefit on the impairment loss as we believe we will be able to use the loss to offset future operating earnings.
30
10K
2969
1,236
The Company has entered into a seven-year lease agreement for the use of office space and equipment. The most significant obligation under the lease terms other than the base rent are the reimbursements of the Company’s share of the operating expenses of the premises, which include real estate taxes, repairs and mainte...
69
10K
5471
1,179
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (“PCAOB”), the consolidated balance sheets of the Company as of December 31, 2017 and 2016, the related consolidated statements of earnings, comprehensive income (loss), shareholders’ equity, and cash...
93
10K
1304
167
We experienced no significant disruptions to our business as a result of the conversion to the Year 2000. We incurred no material Year 2000 expenses during 1999, and all expenses incurred were funded from operations. We do not expect to incur significant Year 2000 expenses during 2000 and we expect to fund any such exp...
57
10K
3473
1,127
Net earned premiums increased $10.5, or 10.0%, in 2007 compared with 2006 and $7.3, or 7.4%, in 2006 compared with 2005.
21
10K
StandardLifeAberdeenPLC-AR_2015
2,297
The identification of intangible assets arising from business combinations is considered as part of the acquisition and based on contractual relationships, technologies and brands in place in the acquired business. Measuring the fair value of these assets requires assumptions and judgements around expected future reven...
60
annual_report
ASRNederlandNV-AR_2013
248
That is why a.s.r. Bank introduced two new products in 2013: • the online annuity savings account (online lijfrente spaarrekening) for structured capital growth in the future; • the online savings account (online direct internet spaarrekening) for instant access savings and deposits.
42
annual_report
HiscoxLtd-AR_2019
2,040
Net tangible assets comprise total equity excluding intangible assets. The net asset value per share expressed in pence is 580.1p (2018: 627.0p).
22
annual_report
4005
1,391
The Company adopted this new accounting guidance related to business combinations, noncontrolling interests and contingencies in the fourth quarter of 2009 following the closing of the Block Purchase, which resulted in the Company obtaining control of Paris Re on the Acquisition Date. The transaction was accounted for ...
129
10K
4187
1,115
Sales mix. While our investment and savings products all have similar long-term earnings characteristics, our results in a given fiscal period will be affected by changes in the overall mix of products within these broad categories. Examples of changes in the sales mix that influence our results include the following:
50
10K
StandardLifeAberdeenPLC-AR_2019
1,512
Committees  Reviewing the executive governance structures, including the move to a single CE and the rebalance between the CE role and the client relationship role
26
annual_report
AdmiralGroupPLC-AR_2019
3,980
At the date of this report (4 March 2020), the Group’s regulatory solvency ratio, calculated using a capital add-on that has not been subject to regulatory approval, is 190% (2018: 194%). This includes the recognition of the 2019 final dividend of 77.0 pence per share (2018: 66.0 pence per share).
50
annual_report
HiscoxLtd-AR_2014
727
We have disclosed these changes in the opening page of the attached remuneration policy. Following feedback from shareholders, we have treated the changes as restrictions to our current remuneration policy and the next time we will put our remuneration policy forward for a shareholder vote is expected to be at the 2017...
55
annual_report
NatwestGroupPLC-AR_2013
2,558
It has the potential to affect the Group’s profitability and capital requirements directly, as well as stakeholder confidence.
18
annual_report
1264
742
SOP 98-5 requires costs of start-up activities and organization costs, as defined, to be expensed as incurred. The Company had previously deferred recognition of these costs and amortized them over a period following the completion of the start-up activities. The Company does not expect the ongoing effect of adopting S...
61
10K
3878
3,009
The potential for a pandemic influenza outbreak has received much attention. While outbreaks of the Avian Flu continue to occur among poultry or wild birds in a number of countries in Asia, Europe, including the U.K., and Africa, transmission to humans has been rare to date. If the virus mutates to a form that can be t...
86
10K
SwissReAG-AR_2008
841
Peter Forstmoser is also Chairman of the Board of Directors of Hesta AG and Hesta Tex AG, a member of the Boards of Mikron Holding AG, Ernst Basler AG, Remer Holding AG and Hyos Invest Holding AG, as well as Vice Chairman of Gebert Rüf Stiftung.
46
annual_report
2449
797
Property and casualty loss reserves are maintained to cover the estimated unpaid liability for losses and loss adjustment expenses with respect to reported and unreported incurred claims. Loss reserves are an estimation based on actuarial projection techniques common in the insurance industry. Reserves are management’s...
92
10K
PhoenixGroupHoldingsPLC-AR_2017
343
WELLBEING – Our Corporate Responsibility agenda continued to play a central part in the engagement of our people and during 2017 offered a wide range of wellbeing activities for staff.
30
annual_report
215
411
Income taxes for the years ended December 31, 1995, 1994 and 1993 is summarized as follows:
16
10K
1405
1,317
We had no instances of system failure or interrupted operations resulting from our systems or system failures of our significant vendors in 2000 and expect no future problems.
28
10K
HannoverRueckSE-AR_2011
2,280
tails are discussed as a whole in this remuneration report and presented in summary form in the notes.
18
annual_report
AegonNV-AR_2007
1,729
Royal Philips Electronics NV. Mr. Eustace was appointed to AEGON’s Supervisory Board in 1997. His current term will end in 2009. In addition to AEGON, Mr. Eustace also serves on the Supervisory Board of Royal KPN N.V. He is a member of the
43
annual_report
4070
939
Fixed maturities and equity securities: See “Valuation of Investments” above, which also applies to our held to maturity fixed maturities.
20
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2016
684
In mid-December 2016, our Belgian life insurer announced that it was planning to stop writing new business. Due to a challenging capital market environment, the profitability of Belgian life insurance business has declined considerably in the last few years. Moreover, ERGO is a relatively small player in the Belgian ma...
85
annual_report
5900
1,883
At December 31, 2020 and 2019, our U.S. insurance subsidiaries had on deposit with U.S. regulatory authorities securities with a book value of $135.5 million and $135.2 million, respectively, held for the protection of policyholders.
35
10K
4141
1,234
The debentures rank junior to all of our existing and future senior indebtedness. The net proceeds of the debentures were approximately $377 million. A portion of the net proceeds of the debentures and a concurrent offering of common stock was used to increase the capital of MGIC and a portion was used for our general ...
73
10K
fr_axa-AR_2013
849
Private Equity (€+165 million), partly offset by the realized loss from the disposal of the Hungarian Life & Savings operations (€-50 million) and by the realized loss from the closed Mony portfolio transaction (€-11 million), partly offset by an unfavorable change in fair value of fi nancial assets and derivatives in ...
89
annual_report
TrygAS-AR_2020
203
Digital empowerment of customers is another important initiative in Tryg. Digital services, simplification and efficient customer interaction are becoming increasingly important for customers. Customers in general prefer speedy processes, and therefore digital solutions also support Tryg’s focus on customer satisfactio...
82
annual_report
4095
3,238
During the fourth quarter of 2008, the Company impaired the entire $97 million of goodwill associated with the Individual Annuities segment. This impairment was reflective of the deterioration of financial market conditions, which resulted in additional market depreciation within separate account assets and correspondi...
57
10K
891
282
In addition, TRH has identified those ceding companies, brokers, reinsurers, vendors and other business partners (collectively 'third parties') that are significant to its business and has asked each to advise on the steps they are taking to address the Y2K issue. Responses have been received from most and follow-up re...
79
10K
HiscoxLtd-AR_2013
1,541
As part of a business combination in 2007, the Group acquired insurance authorisation licences for 50 US states. This intangible asset has been allocated for impairment testing purposes to one individual CGU, being the Group’s North American underwriting businesses. The carrying value of this asset is tested for impair...
108
annual_report
de_allianz-AR_2014
1,579
RegulatoRy capital adequacy The Allianz Group is a financial conglomerate within the scope of the E.U. Financial Conglomerates Directive and the related German law in force since 1 January 2005. The law requires that a financial conglomerate calculates the capital available to meet its solvency requirements on a consol...
111
annual_report
4122
2,793
Current accident year catastrophe losses of $122, in 2008, were higher than current accident year catastrophe losses of $28, in 2007, primarily due to hurricane Ike and tornadoes and thunderstorms in the South and Midwest.
35
10K
5632
1,008
The following table summarizes restructuring and separation costs by type that have been incurred through December 31, 2018 and are estimated to be incurred through the end of the Restructuring Plan (in millions). Estimated costs by type may be revised in future periods as these assumptions are updated:
48
10K
ch_zurich_insurance_group-AR_2016
475
A detailed review of the results of the business segments as reported for 2016 can be found in the operating and financial review starting on page 148. Furthermore, an overview of the Group’s business strengths and activities is contained in the Annual Review, available on Zurich’s website www.zurich.com (www.zurich.co...
50
annual_report
gb_lloyds_banking_grp-AR_2019
5,792
The movement in the acquired value of in-force non-participating investment contracts over the year is as follows: 2019 £m 2018 £m
21
annual_report
ch_zurich_insurance_group-AR_2013
3,397
Certain payments to distributors or sales agents are made in exchange for an expectation of new business production over a period longer than one year. Such payments, whether up-front or payable in stages, are reported as development expenses.
38
annual_report
2357
1,578
case reserves). We select loss development factors based on a review of historical averages, and we consider recent trends and business specific matters such as current claims payment practices.
29
10K
fr_axa-AR_2014
4,318
A report on the Company’s performance against the key fi nancial indicators is presented on a regular basis to the
20
annual_report
AvivaPLC-AR_2008
4,502
2. Mortality experience continues to be better than the assumptions set across a range of businesses.
16
annual_report
5233
686
The occurrence of a discrete credit event resulting in the issuer defaulting on a material obligation, the issuer seeking protection from creditors under the bankruptcy laws, or the issuer proposing a voluntary reorganization
33
10K
2103
641
The Company had fixed maturities with a carrying value of $39.9 million and $10.7 million on non-accrual status at December 31, 2002 and 2001, respectively. The Company had mortgage loans with a carrying value of $7.4 million on non-accrual status at December 31, 2002. There were no mortgage loans on non-accrual status...
236
10K
1086
553
Discontinued Operations: During 1998, the Corporation commenced a plan of divestiture of it Lloyd's operations. As a result, the related subsidiaries of the Corporation have been classified as discontinued operations and prior period results have been restated for comparative purposes. Unless otherwise noted, all footn...
50
10K
Sampoplc-AR_2010
688
The Baltic subsidiary has its own risk management system. All major incidents are also reported to Mandatum Life's Risk Management Committee.
21
annual_report
PosteItalianeSpA-AR_2019
9,388
Management Guidelines were issued in September 2019, with updates on disallowance of transactions and redemption of postal savings bonds, (iii) the PAD Directive (amendments to pre-contractual and periodic reporting documentation) was implemented; - in the area of payment services (i) the IT, procedural and control mea...
86
annual_report
965
261
At this time, one hundred percent (100%) of the Company's in-force insurance policies are being processed on a Y2K compliant system, based on the test results mentioned above. However, in an effort to ensure that no material problems arise from the policy processing systems used by the Company and its affiliates or sub...
76
10K
3734
7,096
$ (9,774 ) $ (1,267 ) $ (444 ) $ (11,485 ) $ (1,969 ) $ (226 ) $ (106 ) $ (2,301 )
24
10K
5375
1,825
In some instances, the states of domicile of our U.S. subsidiaries have adopted prescribed accounting practices that differ from the required accounting outlined in National Association of Insurance Commissioners (NAIC) Statutory Accounting Principles (SAP). These subsidiaries also have certain accounting practices per...
64
10K
HelvetiaHoldingAG-AR_2014
3,736
– often do not bear the entire risk alone but pass some of it on to a reinsurer. Like many companies active in direct insurance business, Helvetia also acts as a reinsurer and assumes part of the risk of other primary insurers. These reinsurance transactions are known as indirect business.
50
annual_report
5365
741
Property and equipment are carried at cost less accumulated depreciation or amortization. Office furniture, equipment and computer software is recorded at cost or fair value at acquisition less accumulated depreciation or amortization using the straight-line method over the estimated useful life of the respective asset...
64
10K
1645
262
The costs associated with acquiring contract owner deposits are amortized over the period in which ML of New York anticipates holding those funds. In addition, ML of New York incurs expenses associated with the maintenance of inforce contracts.
38
10K
2826
2,028
rates, financial indices, values of securities or commodities, credit spreads, market volatility, expected returns and liquidity. Values can also be affected by changes in estimates and assumptions, including those related to counterparty behavior, used in pricing models.
37
10K
2013
3,503
The Company has syndicated two lines of credit each in the amount of $250 million. There are 15 banks in the syndicate of lenders. The banks have committed to lend funds of up to $500 million when requested by the Company at prevailing rates determined in accordance with the line of credit agreements. One line of credi...
75
10K
2327
1,026
The Company did not receive capital contributions in 2003. The Company did receive capital contributions in 2002. The amount contributed was $31.4 million from Security-Connecticut related to the First Golden merger (refer to Note 1).
35
10K
AvivaPLC-AR_2020
4,067
We use loan to value, interest and debt service cover, and diversity and quality of the tenant base metrics to internally monitor our exposures to mortgage loans. We use credit quality, based on dynamic market measures, and collateralisation rules to manage our stock lending activities.
45
annual_report
nl_ing_grp-AR_2019
3,218
Limit excesses are reported to senior management on a timely basis and the business is required to
17
annual_report
INGGroepNV-AR_2001
1,343
A P P O I N T M E N T E X E C U T I V E B O A R D I N G G R O U P : July 1992. Chief
37
annual_report
4646
891
Duration-Managed. Our exposure to interest rate risk stems largely from our substantial holdings of guaranteed fixed rate liabilities in our Retirement and Investor Services segment. We actively manage the duration of assets and liabilities in these products by minimizing the difference between the two.
44
10K
4240
940
During the fourth quarter of 2010, the corporate segment made a capital contribution to the asset/liability products segment in the amount of $600 million in settlement of the full outstanding principal balance of the advance made to the asset/liability products segment during the fourth quarter of 2008. As a result, t...
91
10K
5224
830
In addition to reporting financial results in accordance with GAAP, we report results on a statutory basis for insurance regulatory purposes. We evaluate underwriting profitability based on a combined ratio calculated using statutory accounting principles. The statutory combined ratio represents the sum of the followin...
158
10K
de_allianz-AR_2011
2,783
group € mn € mn € mn € mn € mn € mn € mn € mn € mn p r o p e r t y - C A s u A l t y fees from credit and assistance business 673 (4) 669 661 (4) 657 663 — 663 investment advisory — — — — — — — — —
62
annual_report
gb_prudential-AR_2019
6,237
Net movement in free surplus (750) 152 (598) 1,431 1,675 2,508 Balance at beginning of year 3,341 2,608 5,949 2,400 4,302 12,651
22
annual_report
CNPAssurancesSA-AR_2008
252
The market for risk insurance will continue to grow • Long-term care
12
annual_report
3845
904
Loss and loss adjustment expenses were $90.0 million for the year ended December 31, 2007, compared to $62.7 million for the year ended December 31, 2006. The increase in loss and loss adjustment expenses was driven by the increase in earned premium. Our net loss and loss adjustment expense ratio increased in 2007 comp...
84
10K
de_allianz-AR_2015
2,473
Foreign currency gains and losses are reported within income from financial assets carried at fair value through income (net) (2015: income of € 1,604 MN; 2014: income of € 2,234 MN). These foreign currency gains and losses arise subsequent to initial recognition on all assets and liabilities denominated in a foreign c...
104
annual_report