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
NatwestGroupPLC-AR_2016
1,222
The GAC considered RBS’s compliance with the requirements of the Sarbanes-Oxley Act of 2002, and was satisfied in this respect. RBS had no Material Weaknesses as at 31 December 2016, however Significant
32
annual_report
5110
1,458
Based on the standards currently adopted, the Company reported in its 2015 statutory filings that the capital and surplus of the U.S. insurance companies are above the prescribed Company Action Level RBC requirements.
33
10K
gb_prudential-AR_2012
451
Business performance Prudential UK has a well-established individual annuity business, built on a robust pipeline of internal vestings from maturing pension policy customers. The internal vestings pipeline is supplemented by sales through intermediaries and strategic partnerships with third parties where Prudential is ...
53
annual_report
3654
558
While goodwill is not amortized, it is subject to periodic reviews for impairment (at least annually, or more frequently if impairment indicators arise). We review goodwill for impairment periodically and whenever events or changes in business circumstances indicate that the carrying value of the assets may not be reco...
215
10K
ScorSE-AR_2014
4,024
 In recent years in France, the Women's Day leads to the organization of an event dedicated to diversity within the group. In 2015, this event will be global and rolled-out in larger entities.
34
annual_report
fr_axa-AR_2013
8,406
III. NET INCOME FOR THE FINANCIAL YEAR VI + VII +VIII 1,727 3,261
13
annual_report
4554
1,264
Cash Equivalents and Short-Term Investments - Cash equivalents and short-term investments include money market instruments, commercial paper and other highly liquid debt instruments. Money market instruments are generally valued using unadjusted quoted prices in active markets that are accessible for identical assets a...
125
10K
RSAInsuranceGroupPLC-AR_2011
2,332
The value of the awards granted during 2011 is £25m (2010 : £35m) of which £6m (2010: £8m) is charged in the income statement. The balance of the value of the awards will be charged to the income statement during the remaining vesting periods.
44
annual_report
NatwestGroupPLC-AR_2014
1,330
However, more remains to be done and the Committee will continue to ensure in 2015 that changes are sustained and risks are appropriately identified and escalated.
26
annual_report
107
251
As interest rates declined in 1993, the rate and level of interest credited to TSA contractholders declined as well. Despite a rising interest rate environment in 1994, the level of interest credited to TSA contractholders continued to decline. As a result, the TSA business experienced unusually favorable interest spre...
108
10K
NatwestGroupPLC-AR_2008
2,677
Gross gains of £1,633 million (2007 – £60 million) and gross losses of £1,411 million (2007 – £12 million) were realised on the sale of available-forsale securities.
27
annual_report
547
295
a) Savings and Profit-Sharing Plan. The Company has an employee profit- sharing plan (the "Plan") covering substantially all full-time employees, which provides for annual contributions by the Company of two percent of the annual compensation of employees and additional amounts determined by the Board of Directors whic...
117
10K
2996
8,680
Cash from continuing operations increased due to proceeds of $129.7 million from the sale of trading equity securities related to Aberdeen and Lombard and to lower payments for operating expenses, policy benefits and tax refunds of $54.0 million, $357.8 million, and $24.9 million, respectively. These positive operating...
111
10K
NatwestGroupPLC-AR_2015
3,219
• Leverage ratio improved from 4.2% to 5.6% reflecting the improvements in capital strength, including AT1 issuance, as well as reduction in funded assets by £145 billion from £697 billion to £553 billion.
33
annual_report
5884
1,006
risk-adjustment methodology, all MA plans must collect from providers and submit the necessary diagnosis code information to CMS within prescribed deadlines. The CMS risk-adjustment model uses the diagnosis data to calculate the risk-adjusted premium payment to MA plans, which CMS adjusts for coding pattern differences...
168
10K
4082
1,434
Financial guarantee contracts which have any of the following would not qualify for the financial guarantee scope exception:
18
10K
4579
761
The Company’s investment real estate as of December 31, 2012 and 2011 is summarized as follows:
16
10K
196
303
Participating business - Participating business represented 0.6%, 0.9% and 1.1% of CNA's gross life insurance in force and 0.8%, 1.0% and 1.1% of life insurance premium income for 1995, 1994 and 1993, respectively. Participating policyholders' equity is determined by allocating 90% of related net income or loss and unr...
101
10K
Sampoplc-AR_2010
279
40 Sampo Group in 2010 42 Business Areas in 2010 49 Changes in Group Structure 50 Administration 57 Shares, Share Capital and Shareholders 64 Financial Standing 51 Annual General Meeting 52 Governance in 2010 53 Corporate Responsibility in 2010 43 P&C Insurance in 2010 45 Life Insurance in 2010 58 Shares and Share Capi...
146
annual_report
2415
1,261
We have accounted for our acquisition of the remaining interest in PFG as a step-purchase acquisition. Accordingly, we recorded a definite-lived intangible asset of $9.8 million related to the present value of future profits acquired and a related deferred tax liability of $3.4 million. The present value of future prof...
130
10K
5958
5,087
Free-standing derivatives, net 1 - - - - - - - - 1
13
10K
4626
1,159
The following table sets forth condensed data from our consolidated statements of comprehensive income (loss), as well as other key data used in our results of operations discussion for the year ended December 31, 2012, compared to the years ended December 31, 2011 and 2010. The historical results are not necessarily i...
61
10K
5851
17,044
For surety exposures, we generally use the same method as for short-tail classes whereby frequency/severity methods, loss development methods, and IBNR factor methods are used alone or in combination to set reserves.
32
10K
ScorSE-AR_2018
5,013
Accounts receivable from reinsurance transactions 1,567 - 903 2,470 356 - 287 643
13
annual_report
2825
2,926
Consolidated Balance Sheets for KMG America Corporation as of December 31, 2005, and 2004
14
10K
AegonNV-AR_2000
753
Following the accounting change effected as per June 30, net earnings of USD 27 million (EUR 29 million) from these activities have been included in AEGON’s 2000 results.
28
annual_report
5250
956
In 2016, 2015 and 2014, we granted 479,167, 394,975 and 376,541 restricted stock units, respectively, to employees under the LTIP, with an aggregate fair value of $20.4 million, $16.7 million and $16.0 million, respectively, at the date of grant.
39
10K
PhoenixGroupHoldingsPLC-AR_2020
1,343
A Group Conduct Risk Framework overarches all risk policies to provide a holistic view of conduct risk. This provides a consistent and comprehensive approach to the management of conduct risks and achievement of customer outcomes across the Group.
38
annual_report
3169
934
Losses and loss settlement expenses incurred in 2004 totaled $256.2 million, reflecting losses and loss settlement expenses of $294.8 million on losses that occurred in 2004 and a redundancy of $38.6 million on losses that occurred prior to 2004. We experienced a redundancy in each of our lines of business, with the ex...
76
10K
5731
721
Non-life Run-off Segment - Our Non-life Run-off segment is the predominant driver of our results, contributing $1,059.8 million of net income to our consolidated results in 2019, an increase of $1,034.6 million compared to 2018, primarily due to net realized and unrealized gains on both our fixed income portfolio and o...
53
10K
3603
234
Contract benefits increased 4.0% or $7.3 million in 2006 compared to 2005 due primarily to higher sales of immediate annuities with life contingencies as well as higher implied interest on immediate annuities with life contingencies, partially offset by the accrual in 2005 of additional variable annuity contract benefi...
100
10K
3553
1,098
In connection with its purchase of West End, the Company recorded goodwill in the amount of $2.0 million. In connection with its interest in Island Heritage, the Company recorded goodwill in the amount of $3.6 million at December 31, 2006 and an additional $5.2 million in 2007 for a total of $8.8 million at December 31...
57
10K
2458
1,043
Gross loss and loss adjustment expense reserves at December 31, 2004
11
10K
de_allianz-AR_2011
2,638
When reviewing the foregoing tables, caution should be used in comparing the split between case and iBnr reserves across line of business. the portion of iBnr on total loss reserves varies by line of business due to different reporting and settlement patterns. for short-tail lines of business, such as property, claims ...
105
annual_report
2309
325
Market fluctuations could negatively affect the business. Significant changes in equity market performance expose insurance companies to the risk of not earning anticipated policy fees from variable products, accelerating amortization of deferred acquisition costs, or requiring additional liabilities for death benefits...
98
10K
NatwestGroupPLC-AR_2004
437
��� Churchill embarked on a new marketing campaign in June, featuring the popular nodding dog brand and his famous “Oh Yes!” catchphrase. The campaign focused on the benefits of the service and reinforced the potential savings that could be made by switching to Churchill. The campaign was a major success, delivering re...
58
annual_report
LloydsBankingGroupPLC-AR_2020
3,301
Capital: the Group maintains capital levels commensurate with a prudent level of solvency to achieve financial resilience and market confidence
20
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2013
1,155
Information on derivative financial instruments can be found on page 201 ff.
12
annual_report
RSAInsuranceGroupPLC-AR_2006
1,407
The Group manages its financial assets within a framework that has been developed to seek to ensure the ability to meet its obligations under insurance and investment contracts. A key principle behind this process is to hold assets that provide a broad match against the liabilities arising from insurance and investment...
52
annual_report
fr_axa-AR_2000
2,228
Mutuelles AXA as a Group (directly and indirectly through Finaxa) 89,741,903 21.0% 33.6%
13
annual_report
Sampoplc-AR_2013
1,641
Insurance premiums in the income statement consist of premiums written for P&C insurance and life insurance.
16
annual_report
de_allianz-AR_2002
739
Setting aside the influence of stop-loss reinsurance, the combined ratio in these areas of business improved significantly from 119 to 105 percent, primarily as a result of a selective underwriting policy and rate increases. On the basis of the expertise commissioned by us, we doubled our reserves for asbestos-related ...
61
annual_report
5509
733
Our Investment Managers follow our written investment guidelines based upon strategies approved by our Board of Directors and our asset allocation is reevaluated by management and reviewed by the Finance Committee of the Board of Directors on a quarterly basis. We also utilize our Investment Managers' investment adviso...
62
10K
5903
3,116
The Company provides certain health care and life insurance benefits for its retired employees, their beneficiaries and covered dependents (“Other Postretirement Benefits”). The health care plan is contributory; the life insurance plan is non-contributory. Substantially all of the Company’s U.S. employees may become el...
77
10K
gb_lloyds_banking_grp-AR_2014
4,988
CHARGE TO THE INCOME STATEMENT The charge to the income statement is set out below: 2013 £m 2012 £m
19
annual_report
fr_axa-AR_2006
1,543
AXA’s Property & Casualty insurance operations offer a broad range of products including motor, household, property and general liability insurance for both personal and commercial customers, targeting mainly small to medium sized companies, and, in certain countries, health products. In addition, AXA offers engineerin...
51
annual_report
AssicurazioniGeneraliSpA-AR_2018
2,116
Other financial investments 1,506 - of which, income from bonds 969
11
annual_report
5834
4,500
The First American Financial Corporation 401(k) Savings Plan (the “Savings Plan”) allows for employee-elective contributions up to the maximum amount as determined by the Internal Revenue Code. The Company makes discretionary contributions to the Savings Plan based on profitability, as well as the contributions of part...
101
10K
HiscoxLtd-AR_2018
1,651
The deferred amount of insurance contract acquisition costs attributable to reinsurers of $106,758,000 (2017: $91,805,000) is not eligible for offset against the gross balance sheet asset and is included separately within trade and other payables (note 24).
37
annual_report
4472
996
The range of maturity dates for securities in an unrealized loss position as of December 31, 2011, varies, with 25.4% maturing in less than 5 years, 22.5% maturing between 5 and 10 years, and 52.1% maturing after 10 years. The following table shows the credit rating of securities in an unrealized loss position as of De...
58
10K
3655
735
Berkshire engages in both primary insurance and reinsurance of property and casualty risks. In primary insurance activities, Berkshire subsidiaries assume defined portions of the risks of loss from persons or organizations that are directly subject to the risks. In reinsurance activities, Berkshire subsidiaries assume ...
98
10K
4654
1,273
As indicated above, the amounts ultimately paid out on our liabilities in fiscal years 2012, 2011, and 2010 were less than what we had expected when we established our reserves. While many related factors working in conjunction with one another determine the accuracy of our estimates, we are seldom able to quantify the...
113
10K
NatixisSA-AR_2011
6,443
Credit insurance and related services FC 100 100 100 100 Brazil
11
annual_report
2251
643
recorded as the cumulative effect of an accounting change, on October 1, 2003. For additional discussion of DIG B-36, refer to Note 1--Summary of Significant Accounting Policies in the notes to the financial statements. 6) This is unaudited pro forma information which gives effect to the Reorganization and Initial Publ...
245
10K
CNPAssurancesSA-AR_2016
126
The Lyfe platform offers accredited online health services including the arrangement of medical appointments for employees, their parents or their children, a round-the-clock chat service with doctors who respond within an hour, and a telephone assistance service providing help. This innovative service offering intende...
105
annual_report
976
521
The primary sources of liquidity for PXRE Reinsurance are net cash flow from operating activities (including interest income from investments), the maturity or sale of investments, borrowings, capital contributions and advances from PXRE and dividends from Transnational Insurance. Funds are applied primarily to the pay...
68
10K
Sampoplc-AR_2008
366
Sampo plc held 6,715,000 A shares corresponding to 1.2 per cent of all shares and related votes. All in all EUR 125 million was used to repurchase these shares at an average price of
34
annual_report
3804
4,094
Mr. Lynch is also eligible to receive health and welfare benefits, such as group medical, group life and long-term disability coverage. The Lynch Employment Agreement contains noncompete and nondisclosure provisions.
30
10K
3686
676
As of December 31, 2008, the Company’s debt and equity investment securities portfolio consists of approximately 95% of fixed income securities. As of that date, over 80% of the Company’s fixed income investments are held in securities that are United States government-backed or rated AAA by Standard & Poor’s Ratings G...
82
10K
INGGroepNV-AR_2015
5,917
During 2015 the Pre-Settlement portfolio increased slightly when expressed in outstandings, while the MtM before and after netting and collateral remained relatively stable. However, there was a decrease in gross MTM, especially in the Rest of Europe region, due to a 15% decrease from exposures to commercial banks and ...
103
annual_report
PowszechnyZakladUbezpieczenSA-AR_2019
1,234
O th er o pe ra tin g in co m e an d ex pe n se s
19
annual_report
4535
704
The Company measures the financial results of its segments using "segment earnings (loss)", that is defined as shareholders' net income (loss) before after-tax realized investment results. Adjusted income (loss) from operations is defined as consolidated segment earnings (loss) excluding special items (described in the...
130
10K
AvivaPLC-AR_2009
1,138
This model is used to support our Individual Capital Assessments (ICA) which are reported to the FSA for all our UK regulated insurance businesses. The FSA uses the results of our ICA process when setting target levels of capital for our UK regulated insurance businesses. In line with FSA requirements, the ICA estimate...
71
annual_report
TrygAS-AR_2008
232
Building insurance accounts for 11% of total premiums earned by the Group. A building policy covers damage to the policyholder’s house caused by events such as fire and storm and water damage. The policy also provides legal expenses cover and covers the policyholder’s liability as the owner of a building.
50
annual_report
2150
718
Our book value per share was $16.37 as of December 31, 2003, up from $14.15 as of December 31, 2002.
20
10K
4051
1,193
These increases were partially offset by a decline in Commercial Insurance premiums primarily from lower U.S. workers' compensation premiums attributable to declining rates, lower employment levels and increased competition, as well as a decline in other casualty lines of business.
40
10K
SwissReAG-AR_2016
1,190
Swiss Re further manages property and casualty risks through external retrocession, risk swaps or transferring risk to the capital markets through insurance-linked securities to reduce peak exposures.
27
annual_report
fr_axa-AR_2009
4,961
ALM studies are based on the modeling of commitments resulting from insurance policies, and aim to defi ne asset allocation so that these commitments can be met with a high degree of confi dence while maximizing the expected investment return. This work is carried out by local ALM Departments and takes the form of deta...
150
annual_report
gb_prudential-AR_2009
5,114
Prudential operates, and in certain markets is required by local regulation to operate, through joint ventures (including in China and India). Prudential’s ability to exercise management control over its joint venture operations and its investment in them depends on the terms of the joint venture agreements, in particu...
137
annual_report
NNGroupNV-AR_2019
684
In 2019, NN recorded four concerns filed through the Whistleblower Policy (2018: seven concerns). In three reported concerns, Corporate Security & Investigations was involved for further investigation. The concerns reported in 2019 were related to, amongst others, power harassment, misconduct by manager, and other unet...
69
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2020
2,468
In addition, company management is responsible for such internal control as they consider necessary to enable the preparation of ESEF documents that are free from material non-compliance – whether intentional or unintentional – with the requirements of Section 328(1) of the Commercial Code (HGB) concerning the electron...
49
annual_report
SwissReAG-AR_2013
2,670
Management expense ratio in % 8.3 operating margin in % 5.2
11
annual_report
2062
872
2002 2001 ---------- ---------- (In thousands) Land......................................... $ 2,984 $ 11,147 Buildings and Improvements................... 22,415 99,472 Furniture, Fixtures and Equipment............ 39,286 36,945 Data Processing Equipment and Software....... 98,216 91,060 Software in Development and Co...
56
10K
2609
562
Comprehensive income was a loss of $6.5 million for the year ended December 31, 2004 compared to a loss of $5.6 million for the year ended December 31, 2003. The decrease in comprehensive income results from the $7.1 million net loss, partially offset by the $648,000 increase in net unrealized investment gains for the ...
59
10K
3992
9,568
overcollateralization test could result in an event of default of the structure. This would give the controlling class, defined as the majority of the senior lenders, certain rights which could include diverting cash flows or liquidating the underlying portfolio to pay off the senior liabilities.
45
10K
3075
1,238
In December 2004, the FASB issued SFAS 123R, which is a revision of FASB Statement No. 123, Accounting for Stock-Based Compensation, and supersedes APB Opinion No. 25 (“APB25”), Accounting for Stock Issued to Employees, and its related implementation guidance. SFAS 123R requires all share-based payments to employees, i...
142
10K
4645
682
Property and Equipment. Property and equipment is stated at cost less accumulated depreciation and amortization. Depreciation is calculated on a straight-line basis over the estimated useful lives as follows: building 39 years; computer hardware and software 3 years; office and furniture equipment 3 to 7 years. Leaseho...
92
10K
NatwestGroupPLC-AR_2019
822
 The tax charge for the year ended 31 December 2019 is lower than the UK statutory rate reflecting the impact of the Alawwal bank merger gain on disposal, FX recycling gain on liquidation of RFS Holdings, a deferred tax credit on the recognition of tax losses following the transfer of business under the ring-fencing r...
98
annual_report
ch_zurich_insurance_group-AR_2011
106
We take a Group-wide approach to capabilities and resources, fully leveraging the strength of our global organization. We focus on developing our talent base, improving systems and streamlining our business.
30
annual_report
NatixisSA-AR_2014
5,010
In the event of a deferred profi t-sharing asset, a recoverability test is carried out to verify that liquidity requirements arising from an unfavorable economic environment do not force the sale of assets and generate unrealized losses. This recoverability test relies on projected future cash fl ows based on different...
61
annual_report
4106
913
portion of net premiums written that is recognized as income in the financial statements for the period presented and earned on a pro-rata basis over the term of the policies. The following is a reconciliation of total net premiums written to net premiums earned:
44
10K
StandardLifeAberdeenPLC-AR_2012
501
• Risk appetite which is set by the Board to determine the size and type of risks that the Group is prepared to accept in delivering its strategic objectives. There are also a series of metrics that are reviewed by the Board risk committee to identify whether the risk being taken exceeds their appetite.
54
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2020
121
Member of the Board of Management/Responsibilities Seats held on statutory supervisory boards1
12
annual_report
gb_prudential-AR_2015
4,019
Non-performance risk is incorporated into the calculation through the use of discount interest rates sourced from an AA corporate credit curve as a proxy for Jackson’s own credit risk. Other risk margins, particularly for policyholder behaviour and long-term volatility, are also incorporated into the model through the ...
71
annual_report
AvivaPLC-AR_2015
3,736
Key elements of the release from prior accident year general insurance and health net provisions during 2015 were: • £166 million release from UK & Ireland due to favourable development on personal and commercial motor, commercial liability and commercial property claims. • £109 million release from Canada mainly due t...
60
annual_report
LloydsBankingGroupPLC-AR_2013
3,700
Risk appetite Funding and liquidity risk appetite for the banking business is set, reviewed and approved annually by the Board with the support of the Group Asset and liability Committee (GAlCO). Funding and liquidity risk is managed separately for the banking and Insurance businesses. Risk is reported against appetite...
75
annual_report
gb_prudential-AR_2012
3,058
Total unrealised valuation movements 862 811 Related change in amortisation of deferred acquisition costs (270) (275) Related tax (205) (187)
20
annual_report
fr_axa-AR_2016
7,323
The fair value option is used to measure the fair value through profi t or loss of certain banking liabilities issued at fair value
24
annual_report
5339
1,560
The Company determines its "cost of reinsurance" to include amounts paid to the reinsurer (ceded premiums) net of amounts reimbursed by the reinsurer (in the form of allowances). As noted within ASC Financial Services-Insurance Topic, "The difference, if any, between amounts paid for a reinsurance contract and the amou...
302
10K
NatwestGroupPLC-AR_2015
1,060
Committee is independent as defined in the SEC rules under the
11
annual_report
1860
545
The Company reported net losses of $13.1 million, or $1.42 per diluted share, and net losses of $5.5 million, or $.60 per diluted share, for the years ended December 31, 2001 and 2000, respectively. The results from operations were adversely affected by net losses from MMO London of $9.9 million, or $1.07 per diluted s...
124
10K
5422
1,815
The following table sets forth the Company's selected consolidated financial data at the dates and for the periods indicated below. The selected financial data should be read in conjunction with Management’s Discussion and Analysis of
35
10K
NatwestGroupPLC-AR_2012
4,376
The mix of executive directors’ remuneration The charts below show the composition of remuneration opportunity for on-target annual performance, with the long-term incentive awards shown at median performance vesting. Annual incentive payments earned in relation to 2013 performance will be deferred and will vest, subje...
77
annual_report
SwissLifeHoldingAG-AR_2020
1,771
Swiss Life – Annual Report 2020 fair value is concentrated in a single identifiable asset or group of similar identifiable assets. The amendments have been applied prospectively and have not had an impact on the consolidated financial statements yet.
39
annual_report
4016
1,439
to make payments under the reinsurance agreement. The reinsurance company is required to repay all amounts drawn under the liquidity facility. During 2009, $8,940 was drawn on this liquidity facility; at December 31, 2009, the undrawn balance was $351,060.
39
10K
AegonNV-AR_2012
1,789
Interest rate risk Interest rate volatility or sustained low interest rate levels may adversely affect Aegon’s profitability and shareholders’
19
annual_report
1353
311
We have been building our investment in SISCOM since 1996, which culminated in SISCOM becoming a consolidated subsidiary in 1999. We now own 4,431,000 common shares and 1,250,000 convertible preferred shares in SISCOM, which represents 54.6% of SISCOM's voting stock. Assuming conversion of our preferred stock and the e...
64
10K
1838
326
The estimates of unpaid losses and loss adjustment expenses are subject to the effect of trends in claims severity and frequency and are continually reviewed. As part of the process, the Company reviews historical data and considers various factors, including known and anticipated legal developments, changes in social ...
105
10K
5384
1,465
Kemper is authorized to issue 20 million shares of $0.10 par value preferred stock and 100 million shares of $0.10 par value common stock. No preferred shares were issued or outstanding at December 31, 2017 and 2016. There were 51,462,405 shares and 51,270,940 shares of common stock outstanding at December 31, 2017 and...
114
10K
3515
1,109
Service agreement with DSL, in which the Company provides managerial and supervisory services to DSL and earns a fee that is calculated as a percentage of average assets in the Company’s variable separate accounts deposited in ING Investors Trust. On August 9, 2007, the Company and DSL entered into an amendment to the ...
124
10K