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5537
737
Rescissions reduced the Company's paid losses by an estimated $4.4, $13.1, and $1.4 for 2018, 2017, and 2016, respectively.
19
10K
HiscoxLtd-AR_2006
929
få=j~êÅÜ=OMMQI=íÜÉ=f^p_=áëëìÉÇ=fcop=Q=fåëìê~åÅÉ=`çåíê~Åíë ïÜáÅÜ ëéÉÅáÑáÉë=íÜÉ=Ñáå~åÅá~ä=êÉéçêíáåÖ=Ñçê=áåëìê~åÅÉ=Åçåíê~Åíë=Äó=~å=áåëìêÉêK qÜÉ=ëí~åÇ~êÇ=áë=çåäó=íÜÉ=Ñáêëí=éÜ~ëÉ=áå=íÜÉ=f^p_Ûë=áåëìê~åÅÉ=Åçåíê~Åí éêçàÉÅí=~åÇ=~ë=ëìÅÜ=áë=çåäó=~=ëíÉééáåÖ=ëíçåÉ=íç=éÜ~ëÉ=ffI=áåíêçÇìÅáåÖ äáãáíÉÇ=áãéêçîÉãÉåíë=íç=~ÅÅçìåíáåÖ=Ñçê=áåëì...
12
annual_report
2490
3,536
The Company, because of its income orientation, considers total return, the combination of income yield and capital appreciation/depreciation, to be less relevant as a measure of performance than may be the case for investment portfolios managed with alternate strategies. The following table provides a comparison of th...
62
10K
de_allianz-AR_2015
2,147
Financial assets carried at Fair value through income € mn as of 31 December 2015 2014
16
annual_report
4883
5,530
The following table provides information about income taxes for the years ended December 31.
14
10K
AssicurazioniGeneraliSpA-AR_2015
2,693
35 Expenses from other financial instruments and land and buildings (investment properties)
12
annual_report
SwissReAG-AR_2012
2,148
Other-than-temporary impairments –254 –162 Net realised investment gains/losses on trading securities 575 58 Change in net unrealised investment gains/losses on trading securities 71 67 Other investments: Net realised/unrealised gains/losses –881 –230 Net realised/unrealised gains/losses on insurance...
71
annual_report
AdmiralGroupPLC-AR_2004
175
Premium rates were on average around 3% lower in 2004 than in 2003. This reduction was implemented as a strategy to take advantage of the Group’s superior combined ratio to help achieve the substantial growth in both policies and premiums written while delivering attractive combined ratios, both for the Group and our r...
53
annual_report
522
155
The historical operating results data, per share data and balance sheet data set forth below are derived from the Consolidated Financial Statements of the Company. Per share data has been retroactively adjusted for stock dividends and splits since the Company's inception. The Consolidated Financial Statements for the y...
127
10K
5406
1,548
At December 31, 2017, XL Group and XLIT held cash and investments, net of liabilities associated with cash sweeping arrangements, of $4.0 million and $0.7 billion, respectively, compared to $1.0 million and $0.7 billion, respectively, at December 31, 2016.
39
10K
AegonNV-AR_2016
5,618
On June 6, 2016 Aegon N.V. repurchased 17,324,960 Common Shares B from Vereniging Aegon for the amount of EUR 1,968,332, being 1/40th of the Value Weight Average Price of the common shares of the 5 trading days preceding this transaction. The repurchase of common shares B was executed to align the aggregate shareholdin...
67
annual_report
3064
1,183
No shares of Convertible Preferred Stock were issued during the three-year period ended December 31, 2006. On November 21, 2006, 250,000 shares of Series C convertible preferred stock were converted into 1,214,771 shares of common stock. The 250,000 shares of Series C preferred stock exchanged were canceled and retired...
53
10K
5234
1,315
At December 31, 2016, the fair value of investment-grade fixed maturity securities was $40,819.3 million, with a gross unrealized gain of $4,764.5 million and a gross unrealized loss of $151.8 million. The gross unrealized loss on investment-grade fixed maturity securities was 69.4 percent of the total gross unrealized...
84
10K
SwissReAG-AR_2017
3,053
Liabilities for claims and claim adjustment expenses, net of reinsurance 5 827
12
annual_report
NatixisSA-AR_2016
11,400
Energy consumption and measures taken to improve energy efficiency a and the use of renewable energy sources
17
annual_report
2456
994
less rich benefit designs, resulting in lower priced products. Also offsetting the growth were shifts by certain National Accounts and Large Group customers to self-funded arrangements, resulting in lower revenues.
30
10K
5634
8,568
For our corporate debt, we monitor market interest rates and evaluate refinancing opportunities as maturity dates approach. To mitigate this risk, we ladder the maturity dates of our debt. For our noncumulative perpetual preferred stock, we monitor market dividend rates and evaluate opportunities to redeem or refinance...
69
10K
5571
5,584
U.S. Tax Reform required the Company to recognize a transition tax on all previously unremitted non-U.S. earnings at December 31, 2017. However, the Company has not provided for U.S. deferred taxes on the remaining excess of book bases over tax bases of certain investments in non-U.S. subsidiaries that are essentially ...
77
10K
2188
2,104
The Company anticipates that it will make cash contributions in 2004 of $37 million to the non-qualified pension plan and $2 million to the postretirement plans. The Company does not anticipate making any contributions to the qualified pension plan in 2004.
41
10K
NatixisSA-AR_2014
1,304
V Review of the classifi cation of the status of directors as independent members V Co-opting of a director V Appointing a Chairman to the Appointments and Compensation Committee V Review of the summary assessment of the Board of Directors’ work V Convocation to the General Shareholders’ Meeting and the annual meeting ...
57
annual_report
gb_prudential-AR_2013
2,092
The resulting fees paid to non-executives are: £000s 2013 fees 2012 fees benefits*
13
annual_report
Sampoplc-AR_2004
685
Other assets 48 32 Prepayments and accrued income 66 35 2 Deferred tax assets 99 5 4 Elimination items 111 –193 –178
22
annual_report
3968
1,344
First Command. Lamar C. Smith, a director of Torchmark, served as Chief Executive Officer of First Command Financial Services, Inc. (First Command), a corporation 100% owned by the First Command Employee Stock Ownership Plan (First Command ESOP) until May 1, 2007 and thereafter as Chairman of First Command Bank, a subs...
125
10K
5928
1,322
liability for future policy benefits and DAC is required to be reported
12
10K
5272
1,173
Amounts recognized in Accumulated other comprehensive loss that have not yet been recognized as components of net periodic benefit cost at December 31, 2016 are $10 million and $3 million of net loss and prior service credit, respectively. The amount in Accumulated other comprehensive income expected to be recognized a...
73
10K
4051
1,282
In the fourth quarter of 2008, following receipt of federal government assistance, AIG commenced an organization-wide restructuring plan, which AIG continued to develop and modify throughout 2009. In connection with activities under this plan, AIG recorded restructuring and separation expenses of $1.4 billion in 2009, ...
46
10K
5789
887
the amount of time and effort expended on those pre-placement activities;
11
10K
5434
632
During the third quarter of 2017, we wrote-off $7.5 million of previously capitalized costs relating to the development of information technology capabilities that had not yet been placed in service. This charge was the result of our continual evaluation of ongoing technology initiatives.
43
10K
2208
1,644
Mandatorily redeemable preferred securities of a subsidiary trust holding solely junior subordinated debentures of the Company have a face value of $300.0 million, pay cumulative dividends semi-annually at 8.207% and mature February 3, 2027. Through certain guarantees, the Company has irrevocably and unconditionally gu...
70
10K
680
574
At December 31, 1997, the market value of securities pledged as collateral with respect to these obligations approximated $757.9 million.
20
10K
4808
3,902
(c) Includes credit valuation adjustment losses of $5 million and $39 million for the years ended December 31, 2013 and 2012, respectively, representing the effect of changes in our credit spreads on the valuation of the derivatives liabilities.
38
10K
ch_zurich_insurance_group-AR_2014
1,229
Business operating profit decreased by USD 48 million to USD 923 million, or by 5 percent. Improvements in the net underwriting result were more than offset by a reduction in the net investment result mainly due to lower hedge fund gains.
41
annual_report
468
336
It is expected that each of the major companies currently within the PICO group will be able to stand on its own and cover its own cash flow needs without the need for borrowing or additional capital infusions, with the possible exceptions of additional capital requirements of Sequoia and CIC to maintain or improve the...
63
10K
921
361
FCRC was incorporated in Arizona during 1994 and is a wholly owned subsidiary of FC Inc. It is licensed by the Arizona Department of Insurance as a domestic life and disability reinsurer.
32
10K
4272
4,279
Assets. Assets attributable to the Bermuda operations increased to $545.0 million at the end of 2009 compared to $428.6 million at the end of 2008. This increase is primarily due to earnings from operations and increased market value of investment assets. Assets attributable to the U.S. operations at the end of 2009 in...
71
10K
5179
1,018
In April 2015, the FASB issued new guidance on the presentation of debt issuance costs. The new guidance requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability. The new guidance is effective for annu...
97
10K
NatixisSA-AR_2018
8,405
Pursuant to this contract, Natixis holds 3,566,311 shares representing €14.7 million as at December 31, 2018.
16
annual_report
AegonNV-AR_2013
2,657
Purchase of investments (other than money market investments) (32,464) 446 - (32,018) (29,612) - (29,612)
15
annual_report
ScorSE-AR_2013
1,325
Generali U.S. creates the market leader in the US life reinsurance market. SCOR immediately started a project to integrate the business and the operations of the acquired entities into its existing Americas structures.
33
annual_report
4300
1,384
As of December 31, 2010, the separate account liability for guaranteed minimum benefits and the additional liability recognized related to minimum guarantees were $6.1 billion and $4.4, respectively. As of December 31, 2009, the separate account liability for guaranteed minimum benefits and the additional liability rec...
56
10K
DirectLineInsuranceGroupPLC-AR_2016
940
Note: 1. Attendance is expressed as the number of scheduled meetings attended out of the number of such meetings possible or applicable for the Director to attend
27
annual_report
4378
733
Among other things, the Health Reform Legislation eliminates pre-existing condition exclusions and annual and lifetime maximum limits and restricts the extent to which policies can be rescinded. The Health Reform Legislation also provides for expanded Medicaid coverage effective in January 2014. The Health Reform Legis...
175
10K
3612
1,099
the aforementioned state tax audits may be settled within the next twelve months. It is reasonably possible that the unrecognized tax benefit on uncertain tax positions related to the New York state tax audit will decrease by up to $11.4. The timing of the settlement and any potential future payment of the remaining al...
60
10K
5668
2,603
For the year ended December 31, 2018, the increase in the effective rate compared to the year ended December 31, 2017 was primarily due to the impacts of tax reform in 2017 and a release of our valuation allowance in 2017 that did not recur. The 2018 effective tax rate also included the rate differential on our foreign...
73
10K
926
558
On January 2, 1998, LNC acquired of a block of individual life insurance and annuity business from CIGNA Corporation for $1,414,000,000. Additional funds ($228,500,000) were required to provide additional capital for the Life Insurance and Annuities segment to support this business and to cover expenses associated with...
310
10K
5380
1,326
Ambac has considered these developments and other factors in evaluating its Puerto Rico loss reserves. During the year ended December 31, 2017, Ambac had incurred losses associated with its Domestic Public Finance insured portfolio of $476,303, which was significantly impacted by the continued uncertainty and volatilit...
170
10K
LloydsBankingGroupPLC-AR_2002
1,017
Income from both finance and operating leases is credited to the profit and loss account in proportion to the net cash invested so as to give a constant rate of return over each period after taking account of tax. Income from instalment credit transactions is credited to the profit and loss account using the sum of the...
59
annual_report
ScorSE-AR_2010
409
In addition to this, the public authorities in the United States and the rest of the world are closely examining the potential risks presented by the reinsurance sector as a whole, as well as their consequences on commercial and financial systems in general.
43
annual_report
NatwestGroupPLC-AR_2006
2,174
Holders of the non-cumulative preference shares are not entitled to receive notice of or attend general meetings of the company except if any resolution is proposed for adoption by the shareholders of the company to vary or abrogate any of the rights attaching to the non-cumulative preference shares or proposing the wi...
234
annual_report
SwissReAG-AR_2008
361
Net investment income 469 575 23 Net realised investment gains/losses 300 459 – Foreign exchange gains/losses –476 743 – Financing costs –1 814 –1 501 –17 Other income/expenses –174 –126 –28
31
annual_report
3630
1,441
amount by which the security’s fair value is less than its cost,
12
10K
3956
1,700
The following table reconciles the statutory federal income tax rate to the Company’s effective tax rate for the years ended December 31, 2009, 2008 and 2007:
26
10K
3936
1,099
Ceding commissions earned. We have historically relied on quota share, excess of loss and catastrophe reinsurance to manage our regulatory capital requirements and limit our exposure to loss. Generally, we have ceded a significant portion of our insurance premiums to reinsurers in order to maintain our net leverage rat...
54
10K
ASRNederlandNV-AR_2013
481
Early in 2013, the Audit & Risk Committee addressed the risk appetite, based on a detailed risk assessment. The Committee also periodically monitored the status of the risk appetite, using such tools as the Integrated Risk Dashboard and status reports on managing risk priorities. The a.s.r. risk appetite is based on a ...
116
annual_report
nl_ing_grp-AR_2011
3,879
Sensitivities Mortality and morbidity sensitivities are calculated on a diversified basis at a 10% level assuming a normal probability distribution of results and a specified mortality/morbidity scenario to calibrate the distribution. The largest contribution to the mortality sensitivity comes from the Retail Life busi...
58
annual_report
3936
1,206
We classify our investments in fixed maturity securities as available for sale and report these securities at their estimated fair values based on quoted market prices or other observable inputs. In circumstances where quoted market prices are unavailable, we utilize fair value estimates based upon other observable inp...
117
10K
5556
583
Benefits and expenses increased $0.9 billion from $1.2 billion for the twelve months ended December 31, 2017 to $2.1 billion for the twelve months ended December 31, 2018, primarily driven by an increase of $0.8 billion primarily related to the amortization of DAC and other costs due to changes in the living benefit re...
79
10K
AegonNV-AR_2014
5,784
KoersPlan products that were not plaintiffs in the litigation. The compensation amounts to the difference, if any, between the amount of premium charged by Aegon for a comparable risk in stand-alone death benefit coverage over the same period, and the premium
41
annual_report
4015
860
The components of the net periodic postretirement benefit cost and other changes in plan assets and obligations recognized in other comprehensive earnings include the following (in millions):
27
10K
4839
1,004
Incurred losses for prior accident years also include charges associated with the changes in deferred charge balances related to retroactive reinsurance contracts incepting prior to the beginning of the year and net discounts recorded on liabilities for certain workers’ compensation claims. The aggregate charges includ...
93
10K
HannoverRueckSE-AR_2013
1,481
In its forecast for 2014, the Kiel Institute for the World Econo my expects that central banks in mature national economies will stand by their expansionary monetary policy. Given these framework conditions, experts anticipate accelerated growth of 3.7% for the global economy in the coming year.
46
annual_report
2660
324
The Company has not changed its original estimate for the loss sustained as a result of the terrorist attacks of September 11, 2001. Therefore, there is no impact on the loss developments shown in the above table except
38
10K
3387
2,471
International securities operations include the European retail transaction-oriented stockbrokerage and related activities of Prudential Securities Group, Inc. The year ended December 31, 2007 includes a $21 million tax benefit associated with the discontinued international securities operations.
36
10K
AssicurazioniGeneraliSpA-AR_2016
1,350
These roles are generally mirrored within the organizational structure of each company within PIM scope.
15
annual_report
5557
1,980
Investments in subsidiaries are carried on the balance sheet on the equity basis, to the extent admissible, rather than consolidated with the parent.
23
10K
5007
1,071
(i) an increase of $1.4 million in investment income from equities and other investments; and
15
10K
INGGroepNV-AR_2005
457
Many financial products and services, such as mortgages and life insurance, cover a long period of time. We aim to inform customers thoroughly about the financial choices they make. We also have a duty to protect customers from undue risk and ensure that our actions do not damage their interests.
50
annual_report
882
509
At December 31, 1998, Transamerica and its subsidiaries had short-term borrowings, principally commercial paper, totaling $2.8 billion supported by a credit agreement with 43 banks. It is our policy to maintain credit line coverage equal to at least 100% of short-term borrowings. At December 31, 1998, we had credit ava...
88
10K
gb_prudential-AR_2013
4,589
Shareholders’ share of actuarial and other gains and losses on defined benefit pension schemes (63) – 63 – Amortisation of acquisition accounting adjustments (72) – – (72) Loss attaching to held for sale Japan life business: Reclassification from operating profit based on longer-term investment returns 3 – – 3
49
annual_report
NatwestGroupPLC-AR_2009
383
We offer our customers a combination of a committed overdraft and a price promise. As a result, nine out of 10 small business customers have had their overdraft facilities renewed at the same or a lower margin.
37
annual_report
315
272
The process by which reserves are established for insured events and related litigation requires reliance upon estimates based on the Surety Company's limited claims experience, supplemented with available industry data. The Surety Company's limited claims experience creates uncertainty with respect to the estimation o...
108
10K
4828
834
Other income includes the R&W settlement benefit for transactions where the Company had recovered more than its expected lifetime losses due to a negotiated agreement with an R&W provider. Such excess may not be recorded as an offset to loss and LAE under GAAP.
44
10K
5478
938
Our third-party commissions consist of fees and commissions paid to third-party distributors for selling our products to members, which we pay monthly for existing members and on a weekly basis for new members. Third-party commissions, as a percentage of revenue, will vary based on the mix of sales between AgileHealthI...
54
10K
ASRNederlandNV-AR_2011
1,901
Report on the financial statements We have audited the accompanying financial statements 2011 of ASR Nederland N.V., Utrecht. The financial statements include the consolidated fi nancial statements and the company financial statements. The consolidated financial statements comprise the consolidated balance sheet as at ...
127
annual_report
1685
250
- - Increased exposure to guaranteed minimum death benefits. Due to decreasing variable contract owner account values, there is an increasing number of contracts, and amounts per contract, in which guaranteed minimum death benefits exceed those contract owner account values. This may result in greater future mortality ...
57
10K
NatwestGroupPLC-AR_2011
4,577
2010 Deposits by banks 43,396 4,417 1,243 304 651 374 Customer accounts 402,457 18,580 8,360 4,651 4,393 2,384 Debt securities in issue 89,583 43,032 31,862 22,569 24,209 6,697 Derivatives held for hedging 608 936 2,103 969 681 253 Subordinated liabilities 2,485 2,611 6,570 8,691 8,672 4,607 Settlement balances and oth...
63
annual_report
SwissReAG-AR_2019
2,014
The Group developed innovative solutions and played a leading technical role. It cooperated with clients, and public and private partners. For example, together Swiss Re: • Landed China’s first ever county-level
31
annual_report
AvivaPLC-AR_2012
4,112
A – Presentation changes During 2012, the Company reviewed the presentation of its investment in its subsidiary General Accident plc (‘GA’) which was previously shown net of an intercompany liability in the statement of financial position and determined that the investment should be presented gross of the intercompany ...
114
annual_report
SwissReAG-AR_1989
468
** The figures in this column do not always amount to the total of the figures in the two preceding columns as figures for holdings and other companies are also included.
31
annual_report
2358
717
The loss and loss expense ratio declined steadily over the three-year period. Commercial multi-peril is the company’s single largest business line, and management believes this business line’s loss data are the best indicators of the success of the growth and underwriting actions that have been implemented in the past ...
70
10K
2656
1,378
We used the following methods and assumptions in estimating our fair value disclosures:
13
10K
5581
1,115
The Company had a lease agreement for its headquarters building located in Seattle, Washington until the Company purchased the building in August 2018. Minimum rent payments under operating leases are recognized on a straight-line basis over the term of the lease. Rental expense for operating leases was $1.4 million, $...
65
10K
AegonNV-AR_2006
2,040
AEGON is determined to build on the achievements of 2006 and further improve its corporate responsibility record in the coming year. Already in 2007, AEGON has signed up to the Carbon Disclosure
32
annual_report
HannoverRueckSE-AR_2016
32
Hannover, Germany Employee Member of the Supervisory Board Talanx AG, Hannover, Germany
12
annual_report
4326
457
Key Actuarial Assumptions That Affect the Loss and LAE Estimate. The aggregation of estimates for reported losses and IBNR forms the reserve liability recorded in the Consolidated Balance Sheets.
29
10K
AvivaPLC-AR_2006
2,436
Three years later (5,701) (5,233) (4,972) Four years later (5,966) (5,466) Five years later (6,121)
15
annual_report
HelvetiaHoldingAG-AR_2013
2,081
Counterparty risks are managed via the investment and reinsurance policy and moni­ tored on the basis of exposure analyses. Counterparty risk is minimised by investing in different counterparties with good credit ratings, who are continuously monitored and are subject to a strict limit system for managing risk clusters...
48
annual_report
fr_axa-AR_2014
4,145
These hedging techniques are designed to reduce the economic impact of unfavorable changes to certain of our exposures under the Accumulator G uarantees due to movements in the equity and fi xed income markets and other factors. In certain cases, however, we may not be able to apply these techniques to effectively hedg...
116
annual_report
NatwestGroupPLC-AR_2016
3,390
Finance. Responsibilities include: • Working with the businesses and functions to develop the risk and control policies, limits and tools for the business to use in order to discharge its responsibilities.
31
annual_report
5335
811
Consolidated Statements of Comprehensive Income for each of the three years in the period ended December 31, 2016
18
10K
5813
1,462
As noted above, the restriction on our net assets and retained earnings is predominantly driven by our Insurance Subsidiaries' ability to pay dividends to the Parent under applicable laws and regulations. Under the insurance laws of the domiciliary states of the Insurance Subsidiaries, New Jersey, Indiana, and New York...
214
10K
PhoenixGroupHoldingsPLC-AR_2013
2,555
In 2013, the Group agreed the sale of its entire interest in BAGI, which holds the Group’s residual, non-core general insurance business with liabilities totalling £38 million (net of reinsurance), to National Indemnity Company. The sale was completed on 18 March 2014 following regulatory approval, giving rise to a mar...
65
annual_report
TrygAS-AR_2008
1,342
Board. The figure shows the three sub-committees in the CSR work.
11
annual_report
5571
4,198
An expense liability is held for the future expenses associated with the payment of incurred but not yet paid claims. This is expressed as a percentage of the underlying claims liability and is based on past experience and the future expense structure.
42
10K
2220
341
The Company continues to own 16 other buildings in the U.S. that it uses in the operation of its business. These buildings contain approximately 3.1 million rentable square feet and are located in the following states: Florida, Illinois, Massachusetts, Missouri, New Jersey, New York, Ohio, Oklahoma, Pennsylvania, Rhode...
170
10K
2216
1,317
We use the equity method of accounting for our real estate joint ventures, which means we carry these investments at cost, adjusted for our share of undistributed earnings or losses, and reduced by cash distributions from the joint ventures and valuation adjustments. Due to time constraints in obtaining financial resul...
86
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2020
1,316
− Amendments to IFRS 3 (rev. 10/2018), Definition of a Business
11
annual_report
gb_prudential-AR_2015
707
from spread income decreased by 3 per cent (increase 2 per cent on an actual exchange rate basis), primarily due to the effect of lower achieved yields in the US and a declining contribution from UK annuities. The fact that insurance margin and fee income generated a higher and growing proportion of our income represen...
199
annual_report
2865
892
Investments: Fixed maturity securities available-for-sale at fair value (amortized cost of $300,274 in 2005 and $217,147 in 2004)........................................... $295,664 $295,664 $217,462 Fixed maturity securities held-to-maturity at amortized cost (fair value of $31,326 in 2005 and $9,763 in 2004)............
150
10K
5203
1,691
third party reinsurers. Also included above are $2.8 billion and $593.3 million of securities classified as held-to-maturity as of December 31, 2016 (Successor Company) and December 31, 2015 (Successor Company), respectively.
31
10K