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
fr_axa-AR_2014
7,381
Claims ceded (including change in claims reserves) 2,165 983 302 (267) 3,183
12
annual_report
4755
1,353
The underwriting result for the Non-life segment increased by $170 million (corresponding to a decrease of 2.5 points in the combined ratio), from $456 million (87.8 points on the combined ratio) in 2012 to $626 million (85.3 points on the combined ratio) in 2013. The increase in the Non-life underwriting result and th...
68
10K
AegonNV-AR_2017
1,942
Aegon resolved a number of outstanding methodological matters with respect to its partial internal model in 2017. Following agreement on the interpretation of the DNB’s guidance on the loss absorbing capacity of deferred taxes (LAC-DT), Aegon has applied a LAC-DT factor in the Netherlands of 75% as of
48
annual_report
LloydsBankingGroupPLC-AR_2020
4,382
The Group’s defined benefit pension schemes also expose the Group to longevity risk. For further information please refer to the defined benefit pension schemes component of the market risk section and note 34 to the financial statements.
37
annual_report
4952
1,404
Reinsurance recoverables. During the year ended December 31, 2014, reinsurance recoverables increased $284.3 million from December 31, 2013, which was primarily a result of the increase in gross premiums written for Program Services business due to the addition of new programs and new contracts added to existing progra...
68
10K
3288
1,660
The net periodic benefit cost recognized for the Company's other post-retirement benefit plans was $1 million, $5 million, and $6 million in 2007, 2006, and 2005, respectively. Amounts recognized in accumulated other comprehensive income that have not yet been recognized as components of net periodic benefit cost at De...
93
10K
NatixisSA-AR_2012
1,629
CORPORATE GOVERNANCE3 Structure of the corporate and executive bodies Didier Patault (born February 22, 1961) Chairman of the Management Board of Caisse d’Epargne Bretagne-Pays de Loire since 2008, Didier Patault is also a m ember of the Supervisory Board of BPCE. A graduate of the École Polytechnique and the École Nat...
160
annual_report
NatwestGroupPLC-AR_2020
3,208
This could potentially lead to further ECL increases. However, the income statement impact of this will be mitigated to some extent by the forward-looking provisions taken as at 31 December 2020.
31
annual_report
5761
830
State Auto Financial’s subsidiary, State Auto P&C, is a member of the Federal Home Loan Bank of Cincinnati (the “FHLB”). On May 17, 2018, State Auto P&C refinanced its $85.0 million loan (the "2013 FHLB loan") for a period of fifteen years at a fixed rate of 3.96%. The new loan (the "2018 FHLB loan") provides for inter...
181
10K
968
258
Phase II -"Year 2000 Workpackage and Development Blueprint Project". This phase was completed in November 1996 and consisted of creating a comprehensive master plan which included establishing and prioritizing clusters (groups of similar computer programs) and agreeing upon a definition of what would be acceptable Year...
69
10K
5121
447
Recently adopted pronouncements - On April 7, 2015 the FASB issued Accounting Standards Update (ASU) No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, as part of its simplification initiative. The ASU changes the presentation of debt issuance costs in financial statements. Under the ASU, an entity prese...
201
10K
5571
3,510
Premiums related to traditional life, annuity contracts with life contingencies, long-duration accident & health, and credit insurance policies are recognized as revenues when due from policyholders. Policyholder benefits and expenses are provided to recognize profits over the estimated lives of the insurance policies....
87
10K
5563
1,511
The Company granted Restricted Stock Units to an officer of the Company pursuant to a Restricted Stock Unit Agreement dated August 24, 2016. As discussed above, on September 5, 2018, the Restricted Stock Unit Agreement was cancelled. The following table summarizes the activity related to unvested Restricted Stock Units...
56
10K
109
209
Because the Company is primarily an insurer of motor vehicles, it has limited exposure for environmental, product and general liability claims. The Company has established reserves for these exposures, in amounts which it believes to be adequate based on information currently known by it. The Company does not believe t...
67
10K
5564
1,031
Gains and losses realized on the disposition of investments are included in net income. The cost of investments sold is determined on the specific identification method using the highest cost basis first. The Company did not have any outstanding cumulative credit losses on fixed maturity securities that have been recog...
112
10K
5089
843
$27 million in Willis GB, comprising $10 million termination benefits and $17 million professional services and other program costs;
19
10K
1627
660
In December 2000, the Company sold its corporate headquarters with a net book value of $2,589 to its majority shareholder and Chairman of the Board of Directors for $4,500, resulting in a gain of $1,892. Expenses incurred in connection with the sale were $19. Concurrent with this transaction, the Company leased the pro...
93
10K
NatwestGroupPLC-AR_2015
207
Supporting growth: net 4% growth in PBB and CPB customer loans.
11
annual_report
4885
1,202
We had net state and local deferred tax assets amounting to potential future tax benefits of $0.8 million and $0.6 million as of December 31, 2014 and 2013, respectively. Included in the deferred tax assets are state and local net operating loss carry-forwards of $0.0 million as of December 31, 2014 and $0.1 million fo...
125
10K
5575
890
Securities repurchase and resale agreements that satisfy certain criteria are treated as secured borrowing or secured lending arrangements. These agreements are carried at the amounts at which the securities will be subsequently resold or reacquired, as specified in the respective transactions. For securities purchased...
258
10K
3736
1,862
Unearned premiums - This amount accounts for the premiums collected prior to the end of coverage period and does not represent a future cash outflow. As of December 31, 2008, we had $110.1 million in unearned premiums.
37
10K
5651
500
In February 2018, the FASB issued ASU 2018-02 “Income Statement-Reporting Comprehensive Income (Topic 220)-Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” in response to a financial reporting issue that arose as a consequence of the U.S. federal government tax bill, H.R.1, An Act to...
76
10K
HelvetiaHoldingAG-AR_2012
1,514
Loss reserves for insurance contracts non-life 9.3.1 3 060.5 2 799.6 276.7 248.2 2 783.8 2 551.4
17
annual_report
5449
1,265
There was a $3.3 million decrease to the total amount of unrecognized tax benefits related to tax uncertainties during 2017. The decrease was the result of tax positions taken regarding federal tax credits, settlement of California audit for tax years 2003 through 2010, and state tax apportionment issues based on manag...
83
10K
TopdanmarkAS-AR_2009
23
Steffen Heegaard Head of IR and Group Communications Direct tel.: +45 4474 4017, Mobile: +45 4025 3524
17
annual_report
4413
756
loss experience using standard actuarial methods. As the credibility of historical experience for earlier accident years increases, the experience from these accident years will be given a greater weighting in the actuarial analysis to determine future accident year expected loss ratios, adjusted for the occurrence or ...
61
10K
StandardLifeAberdeenPLC-AR_2019
1,699
Long-term financial Adjusted diluted EPS (pence) 1,2 20% 40.1 44.3 49.1 41.5 3.33% Gross new business flows (all channels) (£bn)1,3,4 10% 137.7 153.0 168.2 138.3 0.2% Net new business flows (excl. Strategic insurance partners) (£bn)1,3 10% (11.2) 2.9 17.2 (50.2) 0%
41
annual_report
fr_axa-AR_2010
4,557
“President” & CEO of AXA Financial, Inc. (United States) and Global Head of Life & Savings and Health
18
annual_report
fr_axa-AR_2014
6,775
Banking liabilities related to retail customers, corporate customers, and interbanking refi nance, are not traded in active markets and quoted prices are not available. Given the short maturities of main liabilities arising from banking activities
35
annual_report
5404
1,766
During the first quarter of 2016 under an amendment to the securities lending program, the Company began accepting non-cash collateral in the form of securities. The securities retained as collateral by the lending agent may not be sold or re-pledged, except in the event of default, and are not reflected in the Company...
98
10K
4256
2,406
As discussed in Note 2, a portion of certain OTTI losses on fixed income securities and short-term investments are recognized in “Other comprehensive income (loss)” (“OCI”). Under final authoritative accounting guidance effective April 1, 2009, other than in a situation in which the Company has the intent to sell a sec...
204
10K
2054
591
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent liabilities and the reported amounts of revenues and expenses. Actual results could differ from those estimates.
45
10K
4779
1,472
The unfavorable change in net derivative gains (losses) on non-VA program derivatives was $3.2 billion ($2.1 billion, net of income tax). This was primarily due to long-term interest rates increasing in 2012 but decreasing in 2011, unfavorably impacting receive-fixed interest rate swaps, long interest rate floors and r...
156
10K
ch_zurich_insurance_group-AR_2013
1,913
Cash flows from operating activities Net income attributable to shareholders 4,028 3,887 Adjustments for: Net (gain)/loss on divestments of businesses 1 34 (Income)/expense from equity method accounted investments (11) (12) Depreciation, amortization and impairments of fixed and intangible assets 1,198 1,085 Other non-...
46
annual_report
fr_axa-AR_2006
1,303
Agreements and commitments approved in prior fiscal years that remained in force in 2006: Pursuant to the Article R-225-31, we were informed that the following agreements, approved in prior fiscal years, remained in force in 2006: With France Telecom AXA Technology Services (as the Principal), AXA (as the Guarantor) an...
157
annual_report
ScorSE-AR_2010
1,745
 Authorisation to conclude an amendment to the retrocession agreement signed by SCOR SE and SCOR Global Life SE on 4 July 2006
23
annual_report
4991
1,181
In connection with the acquisition, on August 6, 2014, PCM entered into a loan agreement with UBS Securities LLC (the “UBS Credit Agreement”) as described more fully in Note 6.
30
10K
LloydsBankingGroupPLC-AR_2014
5,905
In addition, securities held as collateral in the form of stock borrowed amounted to £33,721 million (2013: £46,552 million). Of this amount, £32,686 million (2013: £45,277 million) had been resold or repledged as collateral for the Group’s own transactions.
39
annual_report
2338
817
During 2003, the cost of operating our neighborhood sales offices in Florida was approximately $17,000 per office per month or $14,000 per office per month excluding advertising costs, which operating costs represented 11% and 9% of gross premiums written, respectively. In comparison, prior to the acquisition, our comm...
188
10K
2307
1,509
In accordance with the adoption of SFAS No. 142, Goodwill and Other Intangible Assets (“SFAS 142”) goodwill is periodically tested for impairment and is no longer amortized. The following tables set forth the impact of the adoption of SFAS 142 on the Company’s net income for the years ended December 31, 2003, 2002 and ...
81
10K
1994
411
Federal Express $2,036,560 Dean Witter Discover 4,252,500 Philip Morris Inc. 5,813,260
11
10K
AvivaPLC-AR_2020
310
Bulk Purchase Annuities – In 2020, we were ranked in the top four8 bulk purchase annuity providers with sales3 growing by 48% to £6.0 billion (2019: £4.0 billion) with the overall Annuity & Equity release book increasing AUM1 by 11% to £75 billion (2019: £67 billion). The demand from businesses and defined benefit pens...
192
annual_report
AvivaPLC-AR_2014
3,868
59 – Derivative financial instruments and hedging continued (ii) The contractual undiscounted cash flows in relation to non-hedge derivative liabilities have the following maturities: £m
25
annual_report
NatixisSA-AR_2011
2,559
Total number of options allocated/shares subscribed or bought Weighted average price Plan
12
annual_report
SwissReAG-AR_2018
818
Management expense ratio The management expense ratio was 5.4%, a decrease from 5.7% in 2017, driven by higher premium volumes.
20
annual_report
LloydsBankingGroupPLC-AR_2003
937
In common with a number of other banks and insurance companies, in January 1997 Lloyds TSB Bank was fined £325,000 by the Investment Management Regulatory Organisation Limited for regulatory breaches and failings in connection with the sale of personal pensions between April 1988 and July 1993. Lloyds TSB Group does no...
118
annual_report
4001
942
Under the asset and liability method of ASC 740-10, “Income Taxes” (“ASC 740-10”), deferred tax assets and liabilities are recognized for the future tax consequences attributable to net operating loss carryforwards and to differences between the financial statement carrying amounts of existing assets and liabilities an...
132
10K
2195
1,049
Segment Operating Profit.................................... $ 30,798 $ 9,701 $ 40,499 Interest Expense............................................ (15,578) (160) (15,738) Other Income (Expense), Net................................. (2,290) 171 (2,119) ---------- ---------- ---------- Income from Continuing Operations ...
40
10K
PhoenixGroupHoldingsPLC-AR_2018
1,131
THESE INVESTMENTS MARK AN IMPORTANT FIRST STEP FOR THE GROUP IN RENEWABLE ENERGY AND IS PARTICULARLY SUITED TO OUR AMBITIONS. WE HOPE TO SEE FURTHER PROJECTS OF THIS NATURE IN THE FUTURE.”
32
annual_report
de_allianz-AR_2012
2,714
The evaluation of whether a financial debt security is impaired requires analysis of the underlying credit of the relevant issuer and involves significant management judgment.
25
annual_report
3881
574
Reserves and deferred acquisition costs for our long term care products are based on certain assumptions including morbidity, policy persistency and interest rates. The recoverability of deferred acquisition costs and the adequacy of the reserves are contingent on actual experience related to these key assumptions and ...
99
10K
3549
1,295
As described more fully in “- Adoption of New Accounting Pronouncements”, the Company adopted FIN No. 48, Accounting for Uncertainty in Income Taxes - An Interpretation of FASB Statement No. 109 (“FIN 48”) effective January 1, 2007. Under FIN 48, the Company determines whether it is more-likely-than-not that a tax posi...
97
10K
3382
3,404
At December 31, 2007, scheduled mortgage loan maturities were as follows:
11
10K
2248
837
“Selected Quarterly Financial Data” has been included in Note 9 to the Consolidated Financial Statements of Infinity Property and Casualty Corporation.
21
10K
TrygAS-AR_2012
141
The Nordic insurance market is characterised by a number of large companies being present in several of the Nordic countries. The four largest companies have a combined market share of 47% in the
33
annual_report
4897
923
(1) Excludes a gain of $28 and $6, after tax, in 2014 and 2013, respectively, related to the interest rate component of the change in fair value of foreign currency swaps on notes payable which is classified as an operating gain when analyzing segment operations
45
10K
4122
2,417
Retail focuses on the savings and retirement needs of the growing number of individuals who are preparing for retirement, or have already retired, through the sale of individual variable and fixed annuities, mutual funds and other investment products. Life is both a writer of individual variable annuities and a seller ...
60
10K
4845
698
As of December 31, 2013, approximately 55 percent of the municipal fixed income securities in the investment portfolio were GO and the remaining 45 percent were revenue based. Ninety-one percent of our municipal fixed income securities were rated AA or better while 99 percent were rated A or better.
49
10K
SwissReAG-AR_2017
3,933
A feature of variable annuity business. The benefit is a predetermined minimum amount that the beneficiary will receive upon the death of the insured.
24
annual_report
ASRNederlandNV-AR_2015
1,550
The net exposure in USD consist both of equities and fixed income investments. The majority of the net currency exposure is related to equities.
24
annual_report
TrygAS-AR_2012
593
Investor Relations maintains regular contact with analysts and investors. The Executive Management and Investor Relations also organise investor meetings, teleconferences and webcasts and attend conferences in Denmark and abroad. The Supervisory Board is informed of the dialogue with investors and other stakeholders on...
46
annual_report
3586
967
Debt service on the $35 million long-term debt amounts to $2.8 million per year. The primary source of the cash flow for the debt service comes from the interest on the $25 million surplus note at Triad, which provides $2.2 million on an annual basis. If Triad is unable to pay the scheduled debt service on the $25 mill...
90
10K
INGGroepNV-AR_2013
1,174
TRANSACTIONS INVOLVING ACTUAL OR POTENTIAL CONFLICTS OF INTEREST In accordance with the Corporate Governance Code, transactions with members of the Supervisory Board in which there are a. the issuance or acquisition of its own shares by ING Group, other than related to the Securities issuance (including, for the avoida...
331
annual_report
nl_ing_grp-AR_2012
2,412
Additions to the reorganisation provision are mainly related to the restructurings for Retail banking in the Netherlands, Commercial banking and Insurance Eurasia.
22
annual_report
gb_prudential-AR_2018
7,884
Own�Funds�(£bn) 8.8 14.0 Solvency�Capital�Requirement�(£bn) 5.1 7.9 Surplus (£bn) 3.7 6.1 Solvency�ratio�(%) 172% 178%
13
annual_report
4867
1,750
For additional information regarding U.S. and Australian dollar investments held in our Japanese insurance operations, see “-Results of Operations for Financial Services Businesses by Segment-International Insurance Division.”
27
10K
5374
884
with changes in fair value recognized as part of net realized investment gains in net income. At December 31, 2017, the carrying value of the Company's equity securities was $453 million, which included $13 million of net pre-tax unrealized investment gains. The Company currently expects that net pre-tax realized inves...
65
10K
de_allianz-AR_2014
1,116
2 Investment margin divided by the average of current and previous year-end aggregate policy reserves.
15
annual_report
LloydsBankingGroupPLC-AR_2005
414
Credit risk is managed according to baseline credit framework standards, against which all activity is assessed. This framework identifies the following key elements: governance, organisational framework, policies, people, processes and procedures, management information, and systems and technology.
37
annual_report
NatwestGroupPLC-AR_2016
2,081
Mike Rogers was appointed as a new member of the Committee with effect from 1 January 2017.
17
annual_report
NatixisSA-AR_2020
196
V Unique insurance platform serving customers of the Banque Populaire and Caisse d'Epargne networks: fully‑fledged bancassurer
16
annual_report
NatwestGroupPLC-AR_2019
1,717
To be a leading bank helping to address the climate challenge.
11
annual_report
NatixisSA-AR_2013
7,108
Commercial loans 1,759 824 o/w accrued interest 34 15 o/w non-performing 21 13 o/w write-downs of non-performing (1)
18
annual_report
CNPAssurancesSA-AR_2009
1,249
Payment of variable remuneration pursuant to the employment contract shall be subject to criteria relating to recurring income and productivity gains. In accordance with Article 5 of the Decree of 30 March 2009, reference to the CNP Assurances share price within the scope of the variable share of remuneration shall be ...
56
annual_report
3781
1,067
Commercial automobile gross premiums written increased $15.8 million, to $68.2 million, for the year ended December 31, 2008, from $52.4 million for the year ended December 31, 2007. This increase resulted from new programs in the logging and transportation industries.
40
10K
2387
1,447
Reinsurance recoverables concentrated with a particular event or issue (for example, a large loss, a catastrophe or an emerging claim issue)
21
10K
3644
695
Loss reserves are set at full expected cost, except for workers compensation loss reserves, which have been discounted using an interest rate of 2.5%. Unpaid losses and loss adjustment expenses in the Consolidated Statements of Financial Position were reduced by $5.4 million and $5.5 million at December 31, 2008 and 20...
55
10K
5658
2,366
Level 1 - Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access.
25
10K
4008
526
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Atlantic American Corporation and subsidiaries at December 31, 2009 and 2008, and the results of their operations and their cash flows for the years then ended, in conformity with ...
93
10K
5170
1,394
The table below provides a reconciliation of the beginning and ending reserves for losses and LAE for the years ended December 31, 2015, 2014 and 2013 for the Non-life Run-off segment:
31
10K
nl_ing_grp-AR_2012
2,088
2012 – Impairment In 2012, a goodwill impairment of EUR 48 million is recognised relating to the reporting unit Insurance Benelux. The reporting unit Insurance Benelux equals the segment Insurance Benelux. In the impairment test of Insurance Benelux, the IFRS book value (including goodwill) is compared to a valuation b...
188
annual_report
3437
1,176
Separate accounts assets are carried at fair value. Separate accounts liabilities are carried at the account values, which are equal to the carrying value of the corresponding assets. The assets of the separate accounts are legally segregated and available only to settle separate account contract obligations. Separate ...
145
10K
LloydsBankingGroupPLC-AR_2003
751
The figures shown for potential problem lending are not indicative of the losses that might arise should the credit quality of this lending deteriorate since they do not take into account security held.
33
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2001
1,037
In deviation from the previous year, only net cash flows are shown. We have adjusted the previous year’s figures accordingly.
20
annual_report
4775
5,793
We account for income taxes in accordance with ASC 740, Accounting for Income Taxes.
14
10K
5081
1,598
During 2014 and 2013, we did not include certain options to purchase shares of our Class A common stock in the computation of diluted earnings per share because the exercise price of the options was greater than the average market price of our Class A common stock. The following table reflects the options we did not in...
57
10K
1529
1,958
The Company assesses the profitability of its contracts for providing health insurance coverage to its members when current market operating results or forecasts indicate probable future losses. The Company records a premium deficiency in current operations to the extent that the sum of expected medical costs, claim ad...
112
10K
StandardLifeAberdeenPLC-AR_2016
506
Assets not generating revenue from products - - - - 8.9 7.7 1 Platform AUA of £44.2bn (Wrap, Elevate and Fundzone) comprises of £41.7bn (2015: £24.4bn) reported within UK Retail and £2.5bn (2015: £2.1bn) relating to Wrap International Bond reported within Europe growth fee.
44
annual_report
BaloiseHoldingLtd-AR_2008
401
Mode of transport 20.70 % km by air 51.60 % km by road 27.70 % km by public transport * Employee value is converted into full-time positions on pages 46 and 47. The consumption fi gures for our Luxembourg subsidiary and Baloise Germany’s offi ce in Bremen were recorded for the fi rst time in 2008. In the case of Deutsc...
74
annual_report
4095
2,880
The Company’s liability for policyholders’ dividends includes its dividends payable to policyholders and its policyholder dividend obligation associated with the participating policies included in the Closed Block. The dividends payable for participating policies included in the Closed Block are determined at the end o...
221
10K
AegonNV-AR_2016
4,040
Change in technical provisions (26) 309 98 10 Results from financial transactions
12
annual_report
PosteItalianeSpA-AR_2020
802
by the Stability and Growth Pact, which allows member countries, in view of the severe recession in the Eurozone and the entire European Union caused by the pandemic, to deviate temporarily from the adjustment path toward the medium-term budget objective, provided that budget sustainability is not compromised.
47
annual_report
SwissReAG-AR_2015
1,593
Additional fees In addition to the auditing fees, pwC fees totaled USD 5.2 million (excluding value add taxes) during the year ended 31 December 2015, primarily relating to: ̤ Income tax compliance and related tax services: USD 1.9 million ̤ other fees: USD 3.3 million other fees include permitted advisory work related...
57
annual_report
4498
197
For the fiscal year ended April 30, 2010, the Company had a net loss of $103,350 comprised exclusively of general and administrative expenses including legal, accounting, audit, and other professional service fees incurred in relation to the filing of the Company’s periodic reports on Form 10-K and Form 10-Q.
49
10K
StandardLifeAberdeenPLC-AR_2008
959
Adverse investment experience and changes in economic assumptions have also resulted in increases to TVOG in Canada and Europe.
19
annual_report
4348
1,185
An extended period of time is required to get a clear estimate of the loss cost for a given accident year. As an example, at the end of 2009 we had resolved 69.7% of the known claims for the 2007 accident year. This statistic is based on the number of reported claims; since many non-meritorious claims are resolved earl...
188
10K
gb_prudential-AR_2006
2,807
The retail financial products and services principally include life insurance, pensions and annuities as well as collective investments and deposit and mortgage banking services.
24
annual_report
gb_lloyds_banking_grp-AR_2017
3,390
The risk-weighted assets movement tables provide analyses of the movement in risk-weighted assets in the period by risk type and an insight into the key drivers of the movements. The key driver analysis is compiled on a monthly basis through the identification and categorisation of riskweighted asset movements and is s...
54
annual_report
fr_axa-AR_2001
3,717
Fixed Maturities: Other local governments and agencies 1,589 1,657 84 (13)
11
annual_report
INGGroepNV-AR_2020
7,129
For example, new business models have been observed in retail payments, consumer and commercial lending (such as peer-to-peer lending), foreign exchange and low-cost investment advisory services. In
27
annual_report