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3815
3,759
The following table presents the Company’s unrealized loss aging for available-for-sale securities on a consolidated basis by length of time the security was in a continuous unrealized loss position.
29
10K
1265
627
Each right entitles a holder to purchase one two-hundredth of a share of Series A Junior Participating Preferred Stock, without par value at an exercise price of $162.00 per share, subject to adjustment. If an acquirer obtains 15 percent or more of the Company's common stock and the Board of Directors determines that s...
133
10K
AegonNV-AR_2015
1,848
The Supervisory Board is a separate corporate body, independent of the Executive Board. The Supervisory Board consists of nine members. For further details on its individual members, please see pages 106 and 107.
33
annual_report
DirectLineInsuranceGroupPLC-AR_2015
511
The COR for Rescue and other personal lines was stable at 91.2% (2014: 92.0%). The Rescue COR was 82.3% (2014: 81.5%) with a higher loss ratio reflecting changes in the partner channel following favourable experience in the prior year being broadly offset by an improvement in the commission ratio.
49
annual_report
SwissReAG-AR_2014
1,981
Restricted Share Units The performance condition for RSUs is return on equity (ROE) with a linear vesting line. Vesting is at 0% for an ROE at risk-free rate* and at 100% for an ROE at a predefined premium above risk free rate. The premium is set at the beginning of the plan period and for LPP 2014 this premium has bee...
123
annual_report
5408
820
Cost of the Company’s postretirement benefits included the following components and is presented in the salaries, employee benefits and payroll taxes line of its Consolidated Statements of Income:
28
10K
SwissReAG-AR_1981
426
Assets and liabilities as well as outgo and income of the companies included in the consolidation are shown at 100%; the shares applicable to minority shareholders were deducted from the capital funds and profit and shown as separate items.
39
annual_report
NatixisSA-AR_2018
412
Natixis’ EuroTitres Department provides custody services for retail and Private Banking and is the leader in custody services to retail outsourcing.
21
annual_report
5428
613
Commission revenue is comprised principally of brokerage commissions we earn from reinsurers on reinsurance placed for the Insurance Entities. For the year ended December 31, 2017, commission revenue grew by $3.6 million, or 19.8%, to $21.3 million, compared to $17.7 million for the year ended December 31, 2016. The in...
116
10K
5896
1,282
Available for Sale Securities, at fair value, net of allowance for credit losses
13
10K
StorebrandASA-AR_2014
1,048
TRANSFERS OF PREMIUM RESERVES, ETC. (TRANSFERS) Transfers of premium reserves resulting from transfers of policies between insurance companies are recorded in the profit and loss account as net premiums for own account in the case of reserves received and claims for own account in the case of reserves paid out. The rec...
124
annual_report
NatixisSA-AR_2003
3,808
Conclusion on CDC IXIS Capital Markets’ internal control mechanism: CDC IXIS Capital Markets has set up a tight-knit system designed to anticipate the essential issues related to the complexity of its activities and the risks they entail.
37
annual_report
4156
709
The investment marketplace in general, and in certain asset classes specifically, has been impacted by volatility as a result of uncertainty in the credit markets that began in 2007 and continued throughout 2010. The Company’s fixed maturity (amortized cost) investment portfolio as of December 31, 2010, consisted of 78...
57
10K
NatwestGroupPLC-AR_2016
2,123
in 2016, the Committee took account at meetings of the views of the Chairman; Chief Executive; Chief Financial Officer; Chief HR
21
annual_report
ScorSE-AR_2015
1,485
3.2.2 UNDERWRITING RISKS RELATED TO THE P&C AND LIFE REINSURANCE BUSINESS
11
annual_report
2804
851
The benefit charges allocated to the Company related to these plans for the years ended December 31, 2005, 2004, and 2003, were not significant.
24
10K
4309
1,271
Interest expense on long-term debt and subordinated debt securities totaled $142.3 million, $83.4 million, and $71.4 million in 2010, 2009, and 2008, respectively. The $58.9 million increase was primarily related to additional interest expense on the $800 million senior notes issued in 2009 and letter of credit fees as...
132
10K
4396
481
We are one of the largest health benefits companies in terms of medical membership in the United States, serving 34.3 medical members through our affiliated health plans and a total of 65.3 individuals through all subsidiaries as of December 31, 2011. We are an independent licensee of the Blue Cross and Blue Shield Ass...
224
10K
HannoverRueckSE-AR_2005
1,025
In November 2005 E+S Rück AG returned its shares in its subsidiary E+S Reinsurance (Ireland) Ltd., which had been converted to redeemable preference shares, to E+S Reinsurance (Ireland) Ltd. after the latter had increased its common shares by EUR 39.0 million. Hannover Re (Ireland) Ltd. subscribed to the capital increa...
87
annual_report
4943
1,539
Standard sponsors and administers a postretirement benefit plan that includes medical, prescription drug benefits and group term life insurance. Eligible retirees are required to contribute specified amounts for medical and prescription drug benefits that are
35
10K
NatixisSA-AR_2010
1,115
Except where circumstances prevented them from doing so, the members of the Senior Management Committee were present at all meetings during the year. Representatives from the business lines or different support functions were invited to present projects or policies falling within their departmental remits.
44
annual_report
SwissReAG-AR_2001
1,136
The General Meeting to be held in Zurich on 6 May 2002 has at its disposal the following balance sheet profit (cf. income statement and balance sheet, pages 55 to 57): in CHF 2000 2001
35
annual_report
NNGroupNV-AR_2018
857
Whistleblower Policy The NN Group Whistleblower Policy enables any employee to report, if desired anonymously, a concern outside normal reporting channels. NN Group guarantees several rights, including protection from retaliation, for any employee who reports a concern in good faith, provides information, causes inform...
79
annual_report
StorebrandASA-AR_2005
1,494
Control Committee Sverre Bjørnstad 2 816 Hanne Harlem 0 Harald Moen 322 Carl Graff-Wang 0 Jon Ansteinsson 0
18
annual_report
HannoverRueckSE-AR_2009
236
The financial standing of market players has assumed even greater importance as a consequence of the crisis –
18
annual_report
HelvetiaHoldingAG-AR_2019
1,702
Due from / due to agents and brokers 155.4 149.0 105.9 163.2
12
annual_report
4082
1,225
The distribution of the Company’s Insured Investments by financial guarantee insurer as of December 31, 2009 is presented in the following table:
22
10K
TrygAS-AR_2011
749
b) Independent board member, see the definition in the corporate governance recommendations.
12
annual_report
5244
1,807
As at December 31, 2016 and 2015, retained earnings was $1,847.6 million and $1,578.3 million, an increase of $269.2 million. The increase in retained earnings was primarily attributable to net earnings of $264.8 million.
34
10K
HiscoxLtd-AR_2012
1,328
Employee share option scheme – proceeds from shares issued 91 3,124 – Scrip dividends to owners of the Company 32 175 13,162 –
23
annual_report
3101
743
The executive offices of the Corporation are in Warren, New Jersey. The administrative offices of the P&C Group are located in Warren and Whitehouse Station, New Jersey. The P&C Group maintains zone administrative and branch offices in major cities throughout the United States and also has offices in Canada, Europe, Au...
86
10K
StandardLifeAberdeenPLC-AR_2018
966
Financial crime prevention We have a zero tolerance approach to financial crime, bribery and corruption. We have policies, frameworks and controls in place to help ensure that we only receive or pay money to or from clients, third parties, partners and suppliers that we’ve identified as suitable to do business with. We...
108
annual_report
1576
359
The unaudited quarterly financial data for the years ended December 31, 2000 and 1999 are as follows:
17
10K
4159
2,148
(2)Based on the Company's internal rating. The Company's rating scale is similar to that used by the NRSROs; however, the ratings in the above table may not be the same as ratings assigned by any such rating agency.
38
10K
2854
423
During 2003, the Company amended its Shareholder Agreement with Lynda L. Regan, Chief Executive Officer of the Company and Chairman of the Company's Board of Directors. Under the terms of the amended agreement, upon the death of Ms. Regan, the Company would have the option (but not the obligation) to purchase from Ms. ...
180
10K
ch_zurich_insurance_group-AR_2016
739
The Audit Committee meets at least four times in each year. In 2016 it met nine times, including joint meetings of the Audit Committee and Risk and Investment Committee.
29
annual_report
4580
1,028
The accrued postretirement benefit obligation, included in the liability for retirement benefits, was $6,018,000 and $6,135,000 at December 31, 2012 and 2011, respectively. These amounts were approximately equal to the unfunded accumulated postretirement benefit obligation. Since American National’s contributions to th...
98
10K
2948
643
As presented in the table above, the lines of business with the most significant net adverse development recorded in 2005 were the other liability line ($366 million), which includes certain specialty casualty classes such as D&O and E&O, arising principally from losses occurring in 1996 to 2002, and the medical malpra...
129
10K
5777
1,476
The following unaudited pro forma information presents the combined results of operations of Assured Guaranty and BlueMountain as if the acquisition had been completed on January 1, 2018, as required under GAAP. The pro forma accounts include the estimated historical results of both companies, all net of tax at the app...
53
10K
176
292
The following methods and assumptions were used to estimate market value:
11
10K
4921
1,851
Generally, positive cash flow from operations and financing activities is invested in our investment portfolio, including affiliates or the acquisition of subsidiaries.
22
10K
NatwestGroupPLC-AR_2009
5,009
Arrears are the aggregate of contractual payments due on a debt that have not been met by the borrower. A loan or other financial asset is said to be ’in arrears’ when payments have not been made.
37
annual_report
SwissLifeHoldingAG-AR_2013
1,579
Swiss Life – Annual Report 2013 exposure to liquidity risk as at 31 December 2013
15
annual_report
5532
889
The major categories of net investment income for the years ended December 31, 2018, 2017 and 2016 are as follows:
20
10K
AdmiralGroupPLC-AR_2014
368
Solvency II During 2014 further requirements and guidance continued to be issued on implementing the Solvency II regulatory regime in the EU ahead of the effective date of 1 January 2016. Solvency II aims to provide an EU-wide set of capital requirement and risk management standards. Principal themes include risk-based...
135
annual_report
gb_prudential-AR_2000
666
(b) Shareholders’ Funds Core structural Core structural borrowings of borrowings of
11
annual_report
3950
1,279
An inability to meet and/or maintain the covenants in our Senior Credit Agreement.
13
10K
AssicurazioniGeneraliSpA-AR_2014
1,550
The operating result of the life segment is made up of a technical margin gross of underwriting expenses, a net investment result and acquisition and administration costs related to insurance business and other net operating expenses. In detail, the technical margin includes loadings, risk and surrenders results.
47
annual_report
2392
1,658
The possibility of non-realization of a full recovery on its investment, irrespective of the occurrence of one of the foregoing events.
21
10K
4066
1,177
Our investment income decreased in 2009, as compared to 2008 and 2007, mainly as a result of continued decreases in short-term interest rates and reductions in dividend income earned on a smaller portfolio of equity securities. In addition, we discontinued our securities lending program during the second quarter of 200...
67
10K
NatwestGroupPLC-AR_2012
3,764
These proposals are likely to be agreed in 2013, with member states and banks in compliance from 2015, and bail-in provisions from 2018. Notwithstanding these developments, the euro-area crisis continued to develop and in July 2012, the President of the European Council, Herman Van Rompuy, set out a road-map for furthe...
124
annual_report
LloydsBankingGroupPLC-AR_2018
1,017
Stage 2 ECL2 allowances as a % of Stage 2 drawn balances 4.1 3.5 0.6pp
15
annual_report
HiscoxLtd-AR_2005
988
The fair value of the Company’s debt and fixed income assets at 31 December 2005 was £95 million (2004: £96 million). A durationconvexation sensitivity analysis suggests that, if market interest rates had risen by 100 basis points at the balance sheet date, their fair value might have been expected to decrease by £1 mi...
59
annual_report
AssicurazioniGeneraliSpA-AR_2014
268
value our people We value our people, encourage diversity and invest in continuous learning and growth by creating a transparent, cohesive and accessible working environment. Developing our people will ensure our company’s long term future.
35
annual_report
2084
1,062
Approximately $230.0 million of the adverse loss development was a result of several coverages provided to commercial entities. The gross and net carried claim and claim adjustment expense reserves for the Standard Lines business at the beginning of 2001 were $12,070.0 and $9,129.0 million. Reserve analyses performed d...
147
10K
5677
445
The following table summarizes the fair value and unrealized net capital gains (losses) for fixed income securities by credit quality as of December 31, 2019.
25
10K
INGGroepNV-AR_2007
1,763
Prior year provisions – payments to contract holders –9,697 –6,667 – interest accrual 408 344 – valuation changes investments 576 948
21
annual_report
TrygAS-AR_2011
362
b) Return on properties includes a calculated return on owner-occupied property. The balancing item is recognised in ’Other financial income and expenses’ to the effect that the total return shown corresponds to the investment return according to the income statement which does not include return on owner-occupied prop...
48
annual_report
ScorSE-AR_2016
1,034
The Board meets at least four times a year. In accordance with legal provisions, it approves the financial statements, proposes dividends, and makes investment and financial policy decisions. Beyond the cases provided by law, some operations are subject to the prior approval of the Board: any major organic growth inves...
99
annual_report
fr_axa-AR_2010
7,907
(b) The decrease in Future Fund Appropriation (FFA) compared to 2009 is due to the partial sale of UK Life and Savings operations.
23
annual_report
gb_lloyds_banking_grp-AR_2011
5,115
Open Ended Investment Companies (OEICs) The Group manages 249 (2010: 402) OEICs, and of these 142 (2010: 111) are consolidated. The Group invested £1,283 million (2010: £1,460 million) and redeemed £884 million (2010: £982 million) in the unconsolidated OEICs during the year and had investments, at fair value, of £4,43...
71
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014
444
Conference Committee Dr. Ing. E. h. Dipl. Ing. Bernd Pischetsrieder (Chair) Herbert Bach (until 30 April 2014) Hans Peter Claußen (until 30 April 2014) Prof. Dr. rer. nat. Dr. Ing. E. h. Henning Kagermann Marco Nörenberg (since 30 April 2014) Angelika Wirtz (since 30 April 2014)
46
annual_report
5918
602
The Company occupies office facilities under lease agreements that expire at various dates. The Company's lease agreements do not contain significant residual value guarantees, restrictions or covenants. The Company does not have any significant finance leases.
36
10K
SwissReAG-AR_2003
398
Reinsurance recoverable on paid and unpaid claims 3 104 1 075 529 4 708 Reinsurance recoverable on life and health policy benefits 1 735 1 735
26
annual_report
4205
792
The National Association of Insurance Commissioners (“NAIC”) has proposed that states adopt risk-based capital (“RBC”) standards which are a method of measuring the minimum amount of capital appropriate for a managed care organization to support its overall business operations in consideration of its size and risk prof...
129
10K
5550
1,395
Ultimate losses and loss adjustment expenses are generally determined by extrapolation of claim emergence and settlement patterns observed in the past that can reasonably be expected
26
10K
CNPAssurancesSA-AR_2009
1,077
organisation of internal control at CNP Assurances The internal control organisation has been structured in the form of a three-tier pyramid spanning the entire Group.
25
annual_report
RaiffeisenBankInternationalAG-AR_2020
7,532
Risk exposure amount for position, foreign exchange and commodities risks under internal models (IM) 2,628,942 210,315 1,285,252 102,820
18
annual_report
4747
419
In October, 2010, the FASB issued new accounting guidance that modified the definition of costs that can be capitalized in the acquisition of new and renewal business for insurance companies. Under the new guidance, only direct incremental costs associated with successful insurance contract acquisitions or renewals are...
58
10K
TrygAS-AR_2020
223
Tryg expects to present CMD targets based on the new strategy in autumn 2021 following the closing of the acquisition.
20
annual_report
BaloiseHoldingLtd-AR_2016
138
GERMANY → A combined ratio in Germany of below 100 per cent from 2017
14
annual_report
NatixisSA-AR_2018
6,616
Financial assets designated at fair value through profit or loss mainly consisted of long-term structured repos indexed to a basket of equities whose risks are managed globally and dynamically. As they are managed using a model that is neither a “hold to collect” nor a “hold to collect and sell” business model, these t...
69
annual_report
LloydsBankingGroupPLC-AR_2019
2,133
Conclusion: Root cause analysis and read-across activities continue to improve and embed across the Group with good progress in reducing the volume of rectification programmes and customers impacted. This will remain a key focus for the Committee in 2020.
39
annual_report
ch_zurich_insurance_group-AR_2010
1,908
For Group investments, interest income is recognized using the effective interest method. Interest income on impaired financial assets is recognized using the rate of interest used to discount the future cash flows for the purpose of measuring the impairment loss.
40
annual_report
PosteItalianeSpA-AR_2019
9,027
In view of: ü the independence declaration issued by PricewaterhouseCoopers SpA pursuant to art. 6, par. 2.a) of Regulation (EU) 537/2014 and the transparency report prepared by PwC and published on its website pursuant to art. 13 of the above Regulation; ü the engagements assigned to the Independent Auditor and compan...
78
annual_report
2938
5,698
Reflects the reversal of tax benefits recorded as of September 30, 2005 with respect to Hurricane Katrina following the Company’s determination to record a valuation allowance against income tax recoverables for all but $6.3 million of such recoverables as of December 31, 2005. This was done due to the uncertainty with...
68
10K
ScorSE-AR_2020
1,305
For details on the principles and rules set for the determination of the compensation and benefits of Denis Kessler as Chairman and Chief Executive Officer for 2020, please see the brochure for the 2020 Ordinary and Extraordinary Shareholders’ Meeting.
39
annual_report
TrygAS-AR_2011
1,742
The loss in Tryg A/S cannot be utilised in the Danish joint taxation scheme. The loss can be carried forward indefinitely in Denmark. Under Finnish rules, losses may be carried forward for ten years and according to the rules in Sweden, losses may be carried forward indefinitely.
47
annual_report
NatwestGroupPLC-AR_2012
4,202
The Committee also considered conduct risk in the context of product design and regulatory investigations, as referenced below.
18
annual_report
RaiffeisenBankInternationalAG-AR_2020
2,447
All financial statements of fully consolidated companies prepared in a functional currency other than euro were translated into the reporting currency euro employing the modified closing rate method in accordance with IAS 21. Equity was translated at its historical exchange rates while all other assets, liabilities and...
77
annual_report
ScorSE-AR_2017
1,640
Distribution of capital (number of shares, % of capital and voting rights) – (i) shareholders with more than 2.5% of the registered capital and/or voting rights and (ii) shareholders who are members of the Board of Directors (on the basis of a study of identifiable share bearers (TPI) conducted by the Company as at Dec...
72
annual_report
3076
1,166
We own three office buildings, all of which are unencumbered. In Birmingham, Alabama we own a 156,000 square foot building in which we currently occupy approximately 82,000 square feet with the remaining office space leased to unaffiliated persons or available to be leased. In Okemos, Michigan we own, and fully occupy ...
70
10K
4534
1,343
Corporate Expenses and Interest Expense. Radian Group has expense-sharing arrangements in place with its principal operating subsidiaries that require those subsidiaries to pay their share of holding-company-level expenses, including interest payments on our outstanding long-term debt. Payments of such corporate expens...
328
10K
4523
3,141
(a) Includes $783 million in Total net realized capital gains attributable to the effect of the reclassification of certain derivative activity discussed in Note 1 herein. Also includes the effect of the reclassification of ILFC as discontinued operations.
38
10K
5582
850
Income before income taxes increased by $1.8 million, or 2.2%, and $21.6 million, or 36.5%, in 2018 and 2017, respectively. The increases in 2018 and 2017 were primarily related to the growth from new transactions.
35
10K
INGGroepNV-AR_2007
2,994
(4) Includes EUR –2,138 million (2006: EUR –579 million) in participations (e.g. Kookmin, Bank of Beijing), EUR –595 million (2006: EUR –386 million) for Real Estate for own use and EUR –220 million (2006: EUR –116 million) relating to ING Bank’s investment portfolio. The Dutch banking regulator requires this deduction...
64
annual_report
AegonNV-AR_2019
692
‘Virtual Experts’, a cooperative that would bring together seniors who, as freelancers, can provide services and assistance to businesses with some activities that can be outsourced, such as document organization, data entry, concierge services.
34
annual_report
nl_ing_grp-AR_2013
3,599
53 CONTINGENT LIABILITIES AND COMMITMENTS In the normal course of business the Group is party to activities whose risks are not reflected in whole or in part in the consolidated financial statements. In response to the needs of its customers, the Group offers financial products related to loans. These products include ...
57
annual_report
gb_prudential-AR_2003
601
REMUNERATION REPORT CONTINUED FOR YEAR ENDED 31 DECEMBER 2003 40 PRUDENTIAL PLC ANNUAL REPORT 2003
15
annual_report
5238
776
The Company and certain of its subsidiaries maintain a $1.5 billion multi-currency five-year unsecured revolving credit facility. The interest rate on this facility is based on LIBOR plus a fixed margin which varies with the Company's credit ratings. This facility expires in November 2020 and requires the Company to ma...
71
10K
4351
2,157
On November 18, 2010, following the public announcement that we entered into a definitive agreement with QBE to sell substantially all of our U.S. based insurance operations, Moody’s affirmed the “A1” insurance FSR of Renaissance Reinsurance. The outlook is stable for this rating.
43
10K
5516
1,473
Losses in our mortgage insurance business in Australia were modestly higher in 2018 compared to 2017 primarily due to less favorable non-reinsurance recoveries on paid claims and lower cure activity, mostly offset by improved aging of existing delinquencies and lower new delinquencies in 2018. The loss ratio in Austral...
50
10K
ASRNederlandNV-AR_2008
97
ASR Nederland N.V. (hereafter ‘ASR’), established and headquartered at Utrecht, the Netherlands, is a public limited company under Dutch law. The address of its registered office is Archimedeslaan 10, 3584 BA, Utrecht, the Netherlands.
34
annual_report
1089
989
Year ended December 31, 1998 1997 1996 Preferred Stock: Balance at beginning of year $ - $ 49.0 $ 17.0 Preferred Stock issued - - 32.0 Preferred Stock retired - (49.0) - Balance at end of year $ - $ - $ 49.0
43
10K
nl_ing_grp-AR_2016
8,199
This credit risk category is associated with dealing room products, such as options, swaps, and securities financing transactions. Where there is a mutual exchange of value, the outstanding amount is generally based on the replacement value (mark-to-market) plus potential future volatility concept, using an historical ...
53
annual_report
ScorSE-AR_2009
3,612
The Information Charter, which describes the importance of information for SCOR’s Paris entities and establishes the framework for using information systems, has been revised to become a Group reference (“SCOR IT Policy”) and will be presented to the Executive Committee. It especially sets forth the applicable security...
83
annual_report
NatixisSA-AR_2018
11,025
For several years now, Natixis has addressed the human rights and environmental risks incurred by some of its financing activities, most notably by applying the Equator Principles for project financing or specific sector-based policies applied to sensitive sectors.
38
annual_report
4016
1,313
In 2007, Ambac issued in a public offering $400,000 of Directly-Issued Subordinated Capital Securities due 2087 (the DISCSsm) and bears interest of 6.15%, payable semi-annually in arrears on February 15 and August 15 of each year beginning August 15, 2007. The DISCS may be redeemed in whole or in part at Ambac’s option...
153
10K
StorebrandASA-AR_2016
1,407
The Storebrand Group includes companies that are both subject to and not subject to the financial tax. Therefore, when capitalising deferred tax/deferred tax assets in the consolidated financial statements, the company tax rate that applies for the individual companies is used (24 or 25 per cent).
46
annual_report
4319
1,288
Under a revolving line of credit arrangement, the Company has the ability to borrow on an unsecured basis up to an aggregate principal amount of $500 million (the “Credit Facility”). The Company has the right in certain circumstances to request that the commitment under the Credit Facility be increased up to a maximum ...
202
10K