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
5809
2,584
The Company, through its Property & Casualty business, purchases reinsurance to manage its exposure to large losses (primarily catastrophe losses) and to protect statutory surplus. The Company cedes losses and premiums based upon the exposure of the policies subject to reinsurance. To manage exposure to large property ...
65
10K
4741
1,653
Our consolidated financial statements as of December 31, 2013 and 2012 and for each of the years in the three-year period ended December 31, 2013, together with the report thereon by KPMG Audit Limited, our independent registered public accounting firm, are set forth on pages through hereto.
47
10K
gb_lloyds_banking_grp-AR_2018
1,594
Processes Controls and governance are very strong; Committees are broadly well chaired; The 2018 strategy review process was hailed as a great success in allowing for wideranging and free-flowing debate.
30
annual_report
2895
2,371
For each of the three years presented above, the change in prior years incurred liabilities primarily relates to favorable development in claims incurred but not reported for our mortgage insurance and certain accident and health insurance businesses. In general, our insurance contracts are not subject to premiums expe...
55
10K
2510
1,600
Before catastrophes, all prior accident year development, and the earned premium adjustment on retrospectively-rated policies, underwriting results improved $126 with a corresponding 6.1 point decrease in the combined ratio for the year ended December 31, 2004, primarily due to underwriting improvement in all lines of ...
103
10K
3067
1,260
The third and fourth quarters of 2005 include favorable accident year reserve development of $23.3 million and $51.5 million, respectively, compared to approximately $3.3 million in the first half of 2005 (see Note 6). Additionally, the fourth quarter of 2005 includes a reduction to the LPT Agreement deferred gain of $...
68
10K
AdmiralGroupPLC-AR_2017
486
In this context, ConTe continues to pursue its ‘sustainable growth’ strategy and to maintain a consistent level of investment in technology, brand and people.
24
annual_report
GjensidigeForsikringASA-AR_2015
2,994
Hans G. Hanevold, Executive Vice President (1.1.15-11.5.15) 1, 11 912.9 66.4 385.0 10.6 886 37 1,064 7,508
17
annual_report
3956
1,239
Catastrophes are an inherent risk of the property-liability insurance business which may contribute to material year-to-year fluctuations in UPCIC’s and the Company’s results of operations and financial position. During the years ended December 31, 2008 and 2007, respectively, neither UPCIC nor the Company experienced ...
117
10K
3194
2,378
On an unaudited pro forma basis for the year ended December 31, 2004, the combined revenues of TPC and SPC totaled $25.20 billion, net income totaled $1.08 billion, and basic and diluted net income per share was $1.61 and $1.58, respectively. This combined information reflects pro forma purchase accounting adjustments ...
93
10K
RSAInsuranceGroupPLC-AR_2018
2,539
Refer to page 57 (Audit Committee Report), page 113 (accounting policy) and pages 150 to 154 (fi nancial disclosures).
19
annual_report
fr_axa-AR_2009
4,575
Continuing diffi cult conditions in the global fi nancial markets and the economy may materially adversely affect our business and profi tability, and these conditions may continue
27
annual_report
RaiffeisenBankInternationalAG-AR_2017
5,918
Glossary 258 Alternative Performance Measures (APM) 258 Addresses 260 Publication details 262
12
annual_report
TrygAS-AR_2003
654
remained unsatisfactory, which is why this business area will be subject to considerations as to further price adjustments in 2004.
20
annual_report
TrygAS-AR_2004
717
412m in 2004 – an increase of DKK 140m over 2003.
11
annual_report
TrygAS-AR_2020
714
Activities to increase diversity and inclusion To attract, hire and retain female leaders as well as increase diversity in management teams, Tryg’s action plan for diversity for 2023 focuses on eliminating bias in our recruitment and HR process.
38
annual_report
TopdanmarkAS-AR_2017
840
Assets related to unit-linked products Land and buildings 147 162 2.0
11
annual_report
1910
509
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company and its subsidiaries as of December 31, 2002 and 2001 and the results of their operations and cash flows for the years ended December 31, 2002, 2001 and 2000 in conform...
98
10K
LloydsBankingGroupPLC-AR_2012
5,455
Gains (losses) recognised in the income statement 166 (356) (335) (525)
11
annual_report
ScorSE-AR_2017
941
Nomination Committee and if the situation has not been cured within one (1) month following the notification, resign from the Board of Directors.
23
annual_report
RaiffeisenBankInternationalAG-AR_2005
1,103
110 www.ri.co.at Preface Managing Board Supervisory Board’s Report Overview Interview Stock
11
annual_report
2155
774
Merrill Lynch Life experienced net realized investment gains (losses) of $1.0 million and ($9.1) million during 2003 and 2002, respectively. The following table provides net realized investment gains (losses) by type:
31
10K
4547
669
Acquisition and other expenses decreased 4.5 percent to $137,089,000 in 2011 from $143,533,000 in 2010. The acquisition expense ratio decreased to 32.9 percent in 2011 from 36.9 percent in 2010. The ratio for 2010 reflected an increase of 1.6 percentage points associated with the reclassification of $6,065,000 from IBN...
58
10K
gb_prudential-AR_2012
3,125
S&P – AAA 187 133 S&P – AA+ to AA- 6,343 4,476 S&P – A+ to A- 7,728 6,382 S&P – BBB+ to BBB- 10,230 8,446 S&P – Other 1,173 999
31
annual_report
StorebrandASA-AR_2002
1,241
Interest and related income on loans to/deposits with credit institutions 0.5 5.5 2.4 69.3 41.3 59.1 69.8 46.8 61.5
19
annual_report
5284
1,812
The following tables summarize, for all available for sale securities in an unrealized loss position at December 31, 2016 and 2015, the aggregate fair value and gross unrealized loss by length of time the security has continuously been in an unrealized loss position.
43
10K
2375
2,126
While we believe it is premature to estimate the impact of the New Rules on our future financial results, we have estimated the effect the New Rules would have had if they had been in effect for the 2003 CAR policy year, which is the most recent policy year for which substantially complete CAR data is available. Based ...
233
10K
NatwestGroupPLC-AR_2017
3,372
RNIV calculations form an integral part of ongoing model and data improvement efforts to capture all market risks in scope for model approval in VaR and SVaR.
27
annual_report
1812
277
Property and equipment are recorded at cost. Depreciation is computed for assets using straight-line and accelerated methods over the following periods: building -- 40 years, furniture -- 10 years, and computer equipment and software -- 5 years. Upon the sale or retirement of property and equipment, balances are remove...
62
10K
NatixisSA-AR_2019
3,414
Direct, indirect and synthetic holdings of AT1 instruments of financial sector entities where the institution has a significant investment in those entities (net of eligible short positions) (negative amount) (22) 56 (d), 59, 79 41 Empty set in the EU
40
annual_report
5762
1,153
There were no transfers between Levels 1, 2, and 3 of the fair value hierarchy in 2019 and 2018.
19
10K
LloydsBankingGroupPLC-AR_2005
169
Branches. Lloyds TSB Group provides wide-reaching geographic branch coverage in England, Scotland and Wales, with over 2,100 branches of Lloyds TSB Bank, Lloyds TSB Scotland and Cheltenham & Gloucester as at the end of 2005.
35
annual_report
NatwestGroupPLC-AR_2006
3,255
The Royal Bank of Scotland International Limited Royal Bank House 71 Bath Street St Helier Jersey Channel Islands JE4 8PJ
20
annual_report
de_allianz-AR_2007
1,245
We follow a similar procedure with the results of our employee surveys, which were conducted in 18 subsidiaries together with the Leadership Culture Survey in 2007. They provide information about the performance orientation, satisfaction and loyalty of the workforce. The results indicate marked strengths such as a high...
70
annual_report
AvivaPLC-AR_2001
732
Operating activities Net cash inflow from operating activities, excluding exceptional items and merger transaction costs (45a) 418 738 Exceptional items and merger transaction costs paid (208) (251)
27
annual_report
3425
2,647
Lorillard has also committed to purchase at least 35% of its annual total requirements for flue-cured and burley tobacco domestically for the same period. The other major domestic tobacco companies and the major leaf buyers were also defendants, and all of the defendants with the exception of R.J. Reynolds were parties...
134
10K
3152
2,081
In July 2006, the FASB issued FASB Interpretation (“FIN”) No. 48, “Accounting for Uncertainty in Income Taxes,” an interpretation of FASB Statement No. 109. This interpretation prescribes a comprehensive model for how a company should recognize, measure, present, and disclose in its financial statements uncertain tax p...
66
10K
TrygAS-AR_2009
748
past ten years. In addition, we make an annual mapping of risk to identify new risks that cannot currently be assessed using statistical analyses. Such data is compiled in TrygVesta’s risk data base, forming the basis for an annual risk report to the Executive Management and the Supervisory Board. The assessment of sel...
71
annual_report
3830
883
SFAS No. 161. In March 2008, the FASB issued SFAS No. 161, Disclosures about Derivative Instruments and Hedging Activities - an Amendment of FASB Statement No. 133 (“SFAS 161”), which is intended to improve financial reporting about derivative instruments and hedging activities by requiring enhanced disclosures about: ...
144
10K
SwissReAG-AR_2012
2,457
Derivatives not designated as hedging instruments Interest rate contracts1 140 676 4 733 –4 522 211 Foreign exchange contracts 28 714 981 –766 215
24
annual_report
gb_prudential-AR_2012
302
Shareholders’ funds During 2012, investment markets continued to experience considerable volatility, with positive movements in global equity market indices only towards the end of the year and further falls in long-term interest rates in the US, the UK and a number of Asian countries, most notably Hong Kong and Singap...
114
annual_report
4118
1,720
Because premiums are generally earned pro rata over the entire policy period, fluctuations in premiums earned tend to lag those of premiums written. Our policies generally carry a term of one year. Tail premiums are 100% earned in the period written because the policies insure only incidents that occurred in prior peri...
56
10K
2221
476
Basic earnings per share: Reported net income $ 2.64 $ 1.52 (0.31) Goodwill amortization $ -- $ -- $ 0.14 ------------- ------------- ----------- Adjusted net income $ 2.64 $ 1.52 $ (0.17) ============= ============= ===========
35
10K
nl_ing_grp-AR_2015
6,019
Risk profile – FX translation result The following table presents the currency exposures in the banking books for the most important currencies for FX translation result. Positive figures indicate long positions in the respective currency.
35
annual_report
4310
2,645
The realization of deferred tax assets depends upon the existence of sufficient taxable income within the carryback or carryforward periods under the tax law in the applicable tax jurisdiction. Valuation allowances are established when management determines, based on available information, that it is more likely than n...
48
10K
RaiffeisenBankInternationalAG-AR_2010
1,356
General administrative expenses increased by 7 per cent to € 198 million, and the cost/income ratio increased by 3.4 percentage points to 41.3 per cent. As in all business divisions, the increase was caused by salary increases and bonus payments as well as by growth in IT expenses as a result of investment.
53
annual_report
NNGroupNV-AR_2017
219
Integrating Delta Lloyd Consolidation in the competitive Dutch market had been anticipated for years. The joining of forces by NN and Delta Lloyd in 2017 was a key step for us in preparing our company for the future. Both organisations have been deeply rooted in Dutch society for over 170 years and share many features ...
93
annual_report
5851
13,579
(b) Does not include $79 million of expected credit loss liability at December 31, 2020 in relation to off-balance-sheet commitments to fund commercial mortgage loans, which is recorded in Other liabilities.
31
10K
ch_zurich_insurance_group-AR_2009
441
Link variable compensation awards to relevant performance factors which can include the performance of the • Group, business areas, e.g., segments, divisions, functions, units, and individual achievements.
27
annual_report
NatwestGroupPLC-AR_2008
1,200
– Global Banking & Markets 3,643 67 – Global Transaction Services 60 14
13
annual_report
NatixisSA-AR_2018
12,376
Agreements entered into by CNP Assurances, BPCE, Natixis, and ABP Vie (a subsidiary of Natixis Assurances): Quota share reinsurance treaty entered into by CNPa Assurances and ABP Vie in the presence of Natixis, with a view to ABP Vie, a Natixis Assurances subsidiary, reinsuring 10% of CNP Assurances’ life insurance and...
76
annual_report
5717
789
HMLIC, one of the Company's subsidiaries, operates under funding agreements with FHLB. In 2019, HMLIC received an additional $175.0 million from FHLB under funding agreements as well as repaid FHLB $305.0 million of principal. Advances under funding agreements are reported as Annuity Contracts: Variable, Fixed and FHLB...
107
10K
4770
1,484
TruPs CDOs and TruPs-Related VIE Liabilities-Our TruPs transactions are CDS on CDOs where the collateral consists primarily of deeply subordinated securities issued by banks, insurance companies, real estate investment trusts and other financial institutions whose individual spreads are not observable. In each case, we...
156
10K
NatwestGroupPLC-AR_2014
1,954
For 2013, vesting will be qualified by Committee discretion. Indicative vesting levels are: • Over half of objectives not met: 0%; • Half of objectives met: 25%; • Two-thirds of objectives met: 62.5%; and
34
annual_report
4489
1,491
Effective as of January 1, 2005, the Company adopted a supplemental matching contribution program, which is a nonqualified plan that provides supplemental matching contributions in excess of the limits imposed on qualified defined contribution plans by federal tax law. The first allocations under this program were made...
81
10K
5711
886
During the first quarter of 2019, the Company re-evaluated its Personal Lines segment and determined that Personal Lines should be bifurcated into two reportable segments: Specialty Property and Farm, Ranch, & Stable. This is the result of changing how Specialty Property and Farm, Ranch, & Stable are managed and report...
206
10K
1214
523
The information set forth on pages 37 through 42 in the Company's 1999 Annual Report to Stockholders under the caption "Management's Discussion and Analysis of Results of Operations and Financial Condition" is hereby incorporated by reference.
36
10K
3777
1,082
The Company conducts a significant portion of its operations through subsidiaries that are subject to regulations and standards established by their respective states of domicile. Most of these regulations and standards conform
32
10K
4514
792
All costs associated with the Aon Benfield Plan are included in the Risk Solutions segment. Charges related to the restructuring are included in Compensation and benefits and Other general expenses in the Consolidated Statements of Income. These restructuring activities and related expenses were concluded in January 20...
47
10K
5287
1,524
In 2016, the CNA Retirement Plan paid $88 million to settle its obligation to certain retirees through the purchase of a group annuity contract from a third party insurance company. The transaction reduced the plan’s projected benefit obligation by $86 million.
41
10K
HelvetiaHoldingAG-AR_2001
136
María de León Molinari as Director General of our subsidiary Previsión Española by Jan-
14
annual_report
4230
3,441
Future policy benefits for individual participating traditional life insurance are based on the net level premium method, calculated using the guaranteed mortality and nonforfeiture interest rates which range from 2.5% to 7.5%. Participating insurance represented 12% and 13% of domestic individual life insurance in for...
69
10K
3473
1,417
In general, we review our reserves quarterly. This review includes either an actuarial analysis involving the application of standard actuarial techniques or the review of the paid and incurred activity in the quarter relative to the assumptions from our previous actuarial analyses. In addition, special studies are und...
56
10K
TrygAS-AR_2004
820
Funen and Jutland went from house to house to assess the extent of the damage. One of them was Henning Holluf Nielsen, who normally works in Svendborg, Funen. It was a challenge meeting so many customers in a crisis: ‘My colleagues and I got an update on psychological crisis therapy to prepare us to meet with the custo...
108
annual_report
2791
483
Although loss reserve levels are now believed to be adequate, there are no guarantees. A relatively small change in the estimate of net reserves can produce large changes in annual underwriting results. In addition, the timing and magnitude of catastrophe and large individual property losses are expected to continue to...
59
10K
NatwestGroupPLC-AR_2013
5,762
In particular, should economic recovery stagnate, particularly in the Group’s key markets, or the scope and severity of the adverse economic conditions currently experienced by a number of EU member states and elsewhere worsen, the risks faced by the Group would be exacerbated. Developments relating to the current econ...
82
annual_report
4508
764
Net income from discontinued operations in 2011 relates to our fourth quarter disposal of Global Special Risks, LLC, Faber & Dumas Canada Ltd and the trade and assets of Maclean, Oddy & Associates, Inc. We recorded net income from discontinued operations of $1 million in 2011, comprising a net loss for the year of $1 m...
68
10K
4701
432
Effective June 1, 2013 through May 31, 2014, APPCIC entered into a multiple line excess per risk contract with various reinsurers. Under the current multiple line excess per risk contract, APPCIC has coverage of $8.7 million in excess of $300 thousand ultimate net loss for each risk and each property loss, and $1 milli...
96
10K
HannoverRueckSE-AR_2018
440
South Africa Our property and casualty reinsurance business in South Africa is produced by three companies: our subsidiary Hannover Reinsurance Africa Limited writes reinsurance in all lines. Compass Insurance is responsible for direct business generated mostly through underwriting management agencies (UMAs). Our third...
87
annual_report
2257
484
Defined pension plans, sponsored by AIC, cover most full-time employees and certain part-time employees. Benefits under the pension plans are based upon the employee's length of service and eligible annual compensation. The Company uses the accrual method for its defined benefit plans in accordance with accepted actuar...
111
10K
4471
1,488
Japan reported premiums, fees and other revenues of $7.2 billion for 2011, including $4.3 billion from accident and health insurance and $2.7 billion from life insurance products distributed through our multi-distribution platform. In addition, during 2011, the Company incurred $39 million of incremental insurance clai...
56
10K
StorebrandASA-AR_2018
814
2. Business (No deviations from the Code of Practice) Storebrand ASA is the parent company in a financial group, and its statutory object is to manage its equity interests in Storebrand’s subsidiaries in compliance with the current legislation. Storebrand’s main business areas encompass pensions and savings, insurance ...
64
annual_report
791
405
Personnel expense for the year ended December 31, 1996 increased $46.8 million to $72.2 million, or 184.3%, from $25.4 million in 1995. Of this increase, $41.3 million was attributable to the Company's acquisitions of TPCM, DGB, Consolidated Group, and Harrington. Personnel expense for the Company increased $5.5 millio...
79
10K
HannoverRueckSE-AR_2015
1,061
The Executive Board and Supervisory Board of Hannover Rück SE declare pursuant to § 161 Stock Corporation Act (AktG) that – with the following divergences – the company was and continues to be in conformity with the recommendations made by the Government Commission on the German Corporate Governance Code published by t...
115
annual_report
gb_prudential-AR_2010
2,394
iii Liquidity risk Liquidity risk is the risk that a business, though solvent on a balance sheet basis, either does not have the financial resources to meet its obligations as they fall due or can secure them only at excessive cost. The assets of insurers are in general relatively liquid, whilst liabilities to policyho...
289
annual_report
INGGroepNV-AR_2014
1,024
is k 3 lin es o f d ef en ce
11
annual_report
2097
3,217
In the Company's analysis of the asset-liability model, a 100 to 300 basis point change in interest rates on the Insurance Group's liabilities would not be expected to have a material adverse effect on the Company. With respect to its liabilities, if interest rates were to increase, the risk to the Company is that poli...
169
10K
GjensidigeForsikringASA-AR_2010
2,106
Receivables related to direct operations and reinsurance 3,379.8 3,379.8 2,976.2 2,976.2
11
annual_report
4947
1,397
Our property segment is comprised primarily of commercial fire, earthquake, difference in conditions, marine, facultative and treaty reinsurance, including crop, and select personal lines policies, including recreational vehicle insurance and Hawaii homeowners coverages. Property insurance and reinsurance results are s...
197
10K
5387
1,450
Such financial strength ratings represent the opinions of the rating agencies on the overall financial strength of a company and its capacity to meet the obligations of its (re)insurance contracts. Independent ratings are one of the important factors that establish our competitive position in (re)insurance markets. The...
55
10K
3878
3,252
Management’s Plans for Stabilization of AIG and Repayment of AIG’s Obligations as They Come Due
15
10K
3264
968
The federal income tax return for 2005 is currently under examination by the IRS. The Company believes the outcome of this examination will not have a material effect on the financial condition or results of operations of the Company.
39
10K
4455
1,248
However, this borrowing pattern did not occur in 2011, because cash flow was sufficient to fund fees to principals to principals of firms that performed in excess of target earnings, and acquisitions occurred primarily in the third quarter. In addition, the cash balance on hand at the beginning of the year was higher t...
82
10K
4309
1,278
Many of the mortgage loans have call options or interest rate reset options between 3 and 10 years. However, if interest rates were to significantly increase, we may be unable to exercise the call options or increase the interest rates on our existing mortgage loans commensurate with the significantly increased market ...
86
10K
1050
732
Estimated market values represent the closing sales prices of marketable securities. The amortized cost and estimated market values of investments in fixed maturities at December 31, 1998 and 1997, are summarized by category as follows:
35
10K
fr_axa-AR_2013
994
Sponsored products; ■ life revenues (23% of gross revenues) decreased by 5%
12
annual_report
BaloiseHoldingLtd-AR_2001
943
Scheduled depreciation is not charged on investment property. Changes in value are immediately recognized in the income statement, in the period of occurrence, as realized book gains/losses.
27
annual_report
5472
1,565
transactions have reached historically high levels, and the Company is assuming in the base case that these high levels generally will continue for another 18 months. The Company determines its initial loss severity based on actual recent experience. Each quarter the Company reviews available data and (if necessary) ad...
87
10K
NatwestGroupPLC-AR_2020
5,250
Customer redress programmes FCA review of NatWest Group’s treatment of SMEs In 2014, the FCA appointed an independent Skilled Person under section 166 of the Financial Services and Markets Act 2000 to review NatWest Group’s treatment of SME customers whose relationship was managed by NatWest Group’s Global Restructurin...
128
annual_report
5340
3,413
See Note 3 to the Consolidated Financial Statements for further information on our segment changes.
15
10K
5200
866
presented, the portion of taxable income from each jurisdiction varied. The non-taxable book-to-tax differences were mostly consistent as compared to the prior period with the exception of the benefit on bargain purchase gain from the CIFG Acquisition and Radian Asset Acquisition. See Part II, Item 8, Financial Stateme...
58
10K
BaloiseHoldingLtd-AR_2014
724
Corporate Governance Corporate Governance Report including Remuneration Report shares in exchange for their PSUs if Baloise shares outperform their peer group� The multiplier reaches the maximum of 1�5 if the performance of Baloise shares is in the top quartile of companies in the peer group� The multiplier amounts to ...
118
annual_report
NatwestGroupPLC-AR_2014
7,995
Details of LIBOR investigations and their outcomes affecting RBS are set out under ‘Investigations and reviews’ on the next page.
20
annual_report
4530
892
As of June 30, 2012, through our CAE, we had 13 branches and 21 offices, and 1,179 individual sub-agents in Henan, Sichuan and Jiangsu provinces.
25
10K
2175
1,301
The Company’s operations are classified into three reportable business segments that are organized around its three underwriting divisions: E&S lines, specialty admitted and reinsurance. The segments follow the same accounting policies used for the Company’s consolidated financial statements as described in the summary...
104
10K
gb_prudential-AR_2011
971
The impairment process reflects a rigorous review of every bond and security in our portfolio. Our accounting policy requires us to book full mark to market losses on impaired securities through our balance sheet. However, we would expect only a proportion of these losses eventually to turn into defaults, and some of t...
61
annual_report
1867
697
Loss & Loss Adjustment Expense Ratio 56.9% 69.1% 67.9% Expense Ratio 14.0 11.8 23.6 ----- ------- ---- Combined Ratio 70.9% 80.9% 91.5% ===== ===== =====
25
10K
1872
1,346
Due from reinsurers on unpaid losses and advance premiums increased 109% to $168.2 million as of December 31, 2002 from $80.4 million as of December 31, 2001. Approximately $38.8 million of the increase is associated with reserves ceded under the finite reinsurance agreement with Hannover Re. The remaining increase in ...
87
10K
ch_zurich_insurance_group-AR_2018
2,661
Subordinated debt 6,775 6,938 Total senior and subordinated debt 12,012 10,784 1 Issued under the Group’s Euro Medium Term Note Programme (EMTN Programme). 2 The Group applied the fair value hedge methodology either partially or in full to hedge the interest rate exposure. 3 These bonds are part of a qualifying net inv...
60
annual_report
CNPAssurancesSA-AR_2011
285
In insurance, solvency refers to the insurer’s ability to meet its long-term commitments to customers. The challenge is to balance the total amount of cover sold to policyholders with the resources that can be mobilised to meet the related commitments, including equity capital, technical reserves and assets such as sto...
54
annual_report