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
StandardLifeAberdeenPLC-AR_2016
1,496
Last year, as announced in the 2015 Directors’ remuneration report, having considered our bonus deferral levels in the light of regulatory direction and best practice, the Committee decided to increase the deferral period for bonuses from two to three years. This three-year deferral will apply in respect of the bonuses...
81
annual_report
SwissReAG-AR_2007
1,543
Financial statements Notes to the Group financial statements 10 Income taxes
11
annual_report
AdmiralGroupPLC-AR_2017
1,811
Total comprehensive income for the period – – 8.3 (7.7) 334.2 334.8 (2.9) 331.9
14
annual_report
gb_prudential-AR_2008
929
Notes 1 Not required to attend Nomination Committee meetings in 2008 as meetings were held to determine his successor. 2 Attended all meetings except one Board meeting due to a commitment agreed prior to appointment to the Board. 3 Ceased to be a director with effect from 15 May 2008.
50
annual_report
3689
314
Net premiums written in 2008 were $8,393,705, an increase of $711,845 from $7,681,860 in 2007. The increase in net premiums written was primarily attributable to an adjustment in 2007 for premiums over ceded to AmerInst in prior years offset by rate decreases under the current AICPA Professional Liability Plan treaty. ...
79
10K
ch_zurich_insurance_group-AR_2011
82
individuals may not miss the task of visiting their bank to make deposits. Local banks, on the other hand, may find themselves competing with peer-to-peer networks that connect savers and borrowers directly.
32
annual_report
5606
571
De minimis amount representing the impact of a parallel shift in the long-term interest rate yield curve for the Individual Life segment
22
10K
AdmiralGroupPLC-AR_2015
777
UK Insurance goals for 2016 Appropriate rate changes in response to claims trends and market conditions
16
annual_report
5297
691
Debt and equity securities generated approximately 95% of total investment income, excluding derivative gains and losses, in 2016 consistent with prior years. The Company’s strategy is to invest substantially all of its cash flows in fixed debt securities within its guidelines for credit quality, duration, and diversif...
172
10K
NatixisSA-AR_2006
5,583
IAS 32 requires information about exposure to interest rate risk. The following table shows assets and liabilities by remaining contractual maturity.
21
annual_report
PowszechnyZakladUbezpieczenSA-AR_2014
2,396
Cooperation Department while simultaneously sitting on the Bank’s Management Board’s Credit
11
annual_report
4025
1,039
The net underwriting income for the year ended December 31, 2009 amounted to $0.9 million compared to $0.4 million for the year ended December 31, 2008.
26
10K
AvivaPLC-AR_2002
408
Furthermore, as CGUII also indirectly holds the majority of our overseas life and non-life businesses its regulatory solvency strength is available to support these businesses. Another measure that the group uses to assess its capital requirements is risk-based capital. As at 31 December 2002 the risk-based capital req...
138
annual_report
GjensidigeForsikringASA-AR_2011
2,555
Gjensidige Forsikring was until 1 January 2012 responsible externally for any insurance claim arising from the cooperating mutual fire insurers’ fire insurance business, see note 20.
26
annual_report
5774
1,991
In addition to the fee income earned through third-party capital management, various joint ventures and certain structured retrocession agreements to which we are a party, as detailed in the table above, we also earn fee income on certain other underwriting-related activities. These fees, in the aggregate, are recorded...
117
10K
ch_zurich_insurance_group-AR_2019
2,117
Catastrophes CR excluding catastrophes 3 Provided for informational purposes only. Zurich Insurance Group has no ownership interest in the Farmers Exchanges. Farmers Group, Inc., a wholly owned subsidiary of the Group, provides certain non-claims services and ancillary services to the Farmers Exchanges as its attorney-...
51
annual_report
4751
1,202
In conjunction with the MAC Acquisition and funding of our start-up costs, we issued warrants to FBR and MAC Financial Ltd (which are now held by its former stockholders after completion of its liquidation). We account for warrants to purchase our common shares in accordance with ASC 470-20 Debt with Conversion and Oth...
285
10K
gb_lloyds_banking_grp-AR_2018
6,581
Note 9: Financial instruments Measurement basis of financial assets and liabilities The accounting policies in note 2 to the consolidated financial statements describe how different classes of financial instruments are measured, and how income and expenses, including fair value gains and losses, are recognised. The fol...
65
annual_report
4347
980
HTH is a holding company whose assets primarily consist of the stock of its subsidiaries and invested assets with a combined value of $925 million at December 31, 2011. HTH’s primary investment objectives, as a holding company, are to preserve capital and have available cash resources to utilize in making opportunistic...
64
10K
4749
496
Income attributable to consolidated CLOs was $52.7 million in 2013 compared to $71.4 million in 2012, a decrease of $18.7 million, or 26.2%. This decrease resulted from an increase in net realized and unrealized losses in the CLOs of $33 million compared to realized and unrealized gains of $12.8 million in 2012, partia...
76
10K
fr_axa-AR_2005
3,125
Financing debt instruments issued 4,459 (873) 3,585 Financing debt owed to credit institutions 29 – 29
16
annual_report
SwissReAG-AR_2019
5,143
We have also made the same strong commitment on our underwriting side by signing the “UN Business Ambition for 1.5°C” pledge. In 2018, we stopped providing re/insurance to businesses with more than 30% thermal coal exposure. In a next step, Swiss Re will gradually stop supporting the top 10% of the world’s most carbon-...
144
annual_report
2035
817
In the opinion of management, based upon the known facts and current law, the reserves recorded for The Hartford's property and casualty businesses at December 31, 2002 represent the Company's best estimate of its ultimate liability for claims and claim adjustment expenses related to losses covered by policies written ...
71
10K
1208
468
Net investment income increased by $29,000 (1%) to $2,949,000 in 1999 from $2,920,000 in 1998. The increase was due to an increase in investments.
24
10K
Sampoplc-AR_2013
3,323
NotNotes tes to the inco the income taxome taxeses 15 Def15 Deferrerred tax ased tax assets and liabilitiessets and liabilities
20
annual_report
gb_prudential-AR_2018
2,904
�— Launched�Jackson’s�Financial�Freedom�For�Life�campaign�to�encourage� Americans�to�sign�up�for�an�annuity�that�will�protect�them�in�retirement; �— Collaborated�with�the�Envestnet�Insurance�Exchange�to�offer�our�products� on�its�platform; �— Jackson�launched�MarketProtector�and�MarketProtector�Advisory,�two� new�fixed...
11
annual_report
3088
945
Reinsurance. Ceded unearned premiums and reinsurance balances recoverable on paid and unpaid losses and settlement expenses are reported separately as assets, instead of being netted with the related liabilities, since reinsurance does not relieve us of our legal liability to our policyholders. We continuously monitor ...
90
10K
3878
3,578
Mortgage Guaranty operations provide residential mortgage guaranty insurance that covers the first loss for credit defaults on high loan-to-value conventional first- and second-lien mortgages for the purchase or refinance of one to four family residences. Effective September 30, 2008 Mortgage Guaranty ceased insuring n...
46
10K
NatwestGroupPLC-AR_2020
4,020
Monitoring and mitigation Traded market risk is identified and assessed by gathering, analysing, monitoring and reporting market risk information at desk, business, franchise and NatWest Group-wide levels. Industry expertise, continued system developments and techniques such as stress testing are also used to enhance t...
55
annual_report
HannoverRueckSE-AR_2019
3,702
Letter of credit (LoC) facilities existed with a number of financial institutions as at the balance sheet date in a total volume equivalent to EUR 3,039.5 million (EUR 2,417.3 million) and with various terms maturing at the latest in 2023.
40
annual_report
de_allianz-AR_2004
2,232
After the divestment of our French mortgage banking subsidiary, Entenial, in January 2004, the Allianz Group’s banking segment’s results of operations are almost exclusively represented by Dresdner Bank, accounting for 96.6 % of the total banking segment’s operating revenues in 2004.
41
annual_report
1679
500
Our invested assets consist primarily of fixed maturities and a diversified portfolio of hedge funds, but also include mezzanine bond and equity limited partnerships, and short-term investments. Our investments are subject to market-wide risks and fluctuations, as well as to risk inherent in particular securities. Alth...
178
10K
5387
2,541
The Company has presented separate loss development tables for the Aviabel and Novae business prospectively from the date of acquisition. The prospective treatment for the acquisition of Aviabel and Novae was adopted primarily due to the data necessary to produce the loss development tables by accident year not being a...
176
10K
575
413
Year Ended December 31, 1996 1995 1994 --------- --------- --------- (Thousands of dollars) Income tax (benefit) at statutory rate $ 605 $ (374) $(1,668) Amortization of goodwill 36 36 36 Dividends-received deduction (64) (54) (38) Special deductions of life insurance subsidiaries (273) - (297) Tax-exempt interest (14)...
83
10K
HelvetiaHoldingAG-AR_2008
919
Notes to the consolidated financial statements of Helvetia Group 2008 1 To improve the presentation, the position 'Reinsurers’ share of acquisition costs' is now reported separately. This leads to a change in the prior year figures for 'Other income' of CHF 61.8 million in total.
45
annual_report
BaloiseHoldingLtd-AR_2017
416
▸ Staff turnover as at 31 December 2017 amounted to 5.2 per cent (end of 2016: 5.4 per cent).
19
annual_report
PhoenixGroupHoldingsPLC-AR_2009
693
Financial reporting and going concern The Directors have acknowledged their responsibilities in the Statement of Directors’ Responsibilities in relation to the IFRS financial statements for the year ended 31 December 2009 (refer to page 76).
35
annual_report
StandardLifeAberdeenPLC-AR_2013
563
At our Group headquarters in Edinburgh, we have been replacing the chiller units that provide the building’s air conditioning. Our headquarters is a large building at 36,533m2 and the costs to operate it are significant. The new chiller units produce less carbon dioxide and based on initial assumptions could potentiall...
60
annual_report
5722
986
Assessing the level of disaggregation and granularity of the Company’s term life insurance historical experience studies for the assumptions;
19
10K
4055
931
Benefits and expenses decreased $131.9 million, from $1,235.3 million for the twelve months ended December 31, 2008 to $1,103.4 million for the twelve months ended December 31, 2009.
28
10K
INGGroepNV-AR_2005
21
Audit Committee Aad G. Jacobs, chairman Claus Dieter Hoffmann Jan H.M. Hommen (from November 2005) Godfried J.A. van der Lugt (from November 2005) Paul J.A. Baron de Meester (until November 2005)
31
annual_report
fr_axa-AR_2006
2,913
Net income increased by €33 million to €–8 million mainly due to a tax gain on the 2005 settlement with Nationwide.
21
annual_report
TrygAS-AR_2010
1,810
Tryg A/S has established committed credit facilities totalling DKK 1,000m with af number of Danish banks. These credit facilities expire on 31 December 2011. In addition, Tryg Forsikring A/S has established committed repo facilities DKK 1,000m with at number of Danish banks. These repo facilities expire on 31 December ...
61
annual_report
RaiffeisenBankInternationalAG-AR_2018
959
Net trading income and fair value result (2) (2) 0 0 4 3
13
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2009
1,854
owing to the reduced turnover and earnings expectations for the products sold by allfinanz ltd., dublin, an impairment test was carried out. this resulted in an impairment loss of €12m on software and of €9m on the other intangible assets.
40
annual_report
fr_axa-AR_2017
5,816
Share capital reduction by cancellation of shares (10,763,717) (219,244,525) 2,441,493,498 5,591,020,110
11
annual_report
3496
536
The Company has the Supplemental Executive Retirement Plan (the Plan) for key executives. The Plan provides that participants shall be credited each year with an amount that is calculated by determining the total Company match and profit sharing contribution that the participant would have received under the Retirement...
140
10K
1820
297
The Company expects that it will continue to recover from the backlog it has created for the terminated portions of the UHG business for 5 to 6 years after the effective dates of the terminations. The Company further expects that 60% to 70% of that UHG backlog will be recovered within 36 months of the effective dates o...
112
10K
HelvetiaHoldingAG-AR_2001
739
Expenditure for revalorization of investments and other assets 224547 315 397
11
annual_report
NatixisSA-AR_2016
8,241
Impairment of available for-sale assets consolidated financial statements). We reviewed the control procedures relating to the identification of evidence of impairment and measurement of the largest impairment charges as well as the estimates made in recognizing impairment charges
38
annual_report
3592
1,568
Our life insurance business increased $52 million due mainly to growth of our term and universal life insurance in-force block that was partially offset by continued favorable mortality in 2006.
30
10K
2943
846
Interest and other income. Interest and other income increased $4.2 million, to $6.4 million in 2005 compared with $2.2 million in 2004. The increase was primarily attributable to a $2.3 million net contribution related to benefits received under our key person life insurance program. It is our practice to maintain key...
72
10K
SwissLifeHoldingAG-AR_2010
3,018
The new products launched in 2010 were a key driver of premium growth, as well as ensuring the continued increase in the share of business generated with modern life and pensions solutions and risk products, together with healthy sales via the AWD distribution channel. In
45
annual_report
2826
2,020
Assets and liabilities of foreign operations and subsidiaries reported in currencies other than U.S. dollars are translated at the exchange rate in effect at the end of the period. Revenues, benefits and other expenses are translated at the average rate prevailing during the period. The effects of translating the state...
82
10K
AegonNV-AR_2018
7,753
Non-residents of the Netherlands If a person is neither a resident nor is deemed to be a resident of the Netherlands for Netherlands corporate or individual income tax purposes, such person is not subject to Netherlands income tax in respect of income derived from Aegon common shares and gains realized upon the redempt...
266
annual_report
3309
1,688
On July 11, 2007, we executed an Amended and Restated Credit Agreement (the “Credit Facility”). The Credit Facility provides for a five-year revolving credit facility in the principal amount of $850.0 million, with us having the ability to request an increase in the facility amount up to an aggregate principal amount n...
108
10K
4110
1,868
Changes in restricted stock for the three years ended December 31, 2009, 2008 and 2007 were as follows:
18
10K
4408
1,809
The Company uses several methods to determine the fair value of real estate, but relies primarily on discounted cash flow analyses and, in some cases, third-party appraisals.
27
10K
HannoverRueckSE-AR_2004
548
Management report investments ised gains in our portfolio of fixed-income securities remained virtually on a par with the previous year at EUR 159.4 million (EUR 159.6 million). In view of the extremely low interest rate level and the very tight spreads we emphasised short durations and high quality. Caution was the ha...
148
annual_report
4066
1,112
Montpelier Syndicate 5151 wrote $167.3 million of gross premiums during 2009, which represents a 44% increase over the $116.2 million in total gross premiums written during 2008. The majority of the increase was generated by our U.K.-based underwriters who wrote $119.1 million of gross premiums during 2009, as compared...
124
10K
NatixisSA-AR_2014
1,601
The fi xed gross annual compensation of Laurent Mignon in connection with his duties as CEO of Natixis was €800,000 for the 2014 fi scal year. This fi xed compensation has not been changed since he arrived in 2009.
39
annual_report
1432
353
Premium income $ 191 $ 173 $ 248 Fee income 120 86 71 Net investment income 836 796 802 Realized investment gains 31 2 30 ------------ ----------- ---------- Total Revenues 1,178 1,057 1,151
33
10K
2583
751
The profitability of many of our products depends on the spreads between the interest earned on investments and the rates credited on our insurance liabilities. In addition, changes in competition and other factors, including the level of surrenders and withdrawals, may limit our ability to adjust or to maintain credit...
181
10K
gb_prudential-AR_2016
6,711
www.prudential.co.uk� Annual�Report�2016 Prudential plc 399 07 A dditional inform ation interest is credited to the contract holders’ account and administrative charges are deducted, as appropriate.
25
annual_report
1974
504
A recoverability test which considers among other things, actual experience and projected future experience, is performed at least annually by third party actuarial consultants. These annual recoverability tests initially calculate the available premium (gross premium less benefit net premium less percent of premium ex...
85
10K
SwissReAG-AR_2017
2,256
Base salary Benefits Cash API VAI (deferred API) LPP GSPP ISP
11
annual_report
5852
379
The Company’s annual review in 2020 resulted in the removal of the credit risk adjustment from the fair value scenario calibration to reflect our revised view of market participant practices, offset by updates to the mortality and policyholder behavior assumptions to reflect emerging experience.
44
10K
LloydsBankingGroupPLC-AR_2004
731
Mr Targett was a member of a defined contribution scheme. During the period 1 January 2004 to 30 April 2004 the employer made contributions totalling £24,000. As he left before completing two years service no benefits will be vested under the defined contribution scheme in respect of him.
48
annual_report
AvivaPLC-AR_2010
1,279
Financial instruments Aviva Group companies use financial instruments to manage certain types of risks including those relating to credit, foreign currency exchange, cash flow, liquidity, interest rates, and equity and property prices. Details of the objectives and management of these instruments are contained in the S...
76
annual_report
4131
1,442
The Company has utilized, credit default swaps, call options and warrants, total return swaps, interest rate options, forward currency contracts, futures contracts and short sales to manage against adverse changes in the values of assets and liabilities. These products are typically not linked to specific assets or lia...
101
10K
BaloiseHoldingLtd-AR_2001
1,072
Premiums for investment-type products - 176.4 - 248.4 40.8 in CHF m
12
annual_report
1206
563
PXRE contacted and where appropriate re-contacted its material business partners to determine their Year 2000 date processing capabilities. To date none of these partners has reported or evidenced any date-related difficulty.
31
10K
5108
2,077
Refer to Note 5 'Investments' for information on reverse repurchase agreements.
11
10K
AssicurazioniGeneraliSpA-AR_2019
2,541
31/12/2019 31/12/2018 31/12/2019 31/12/2018 1.2 Fee and commission income and income from financial service activities 1 3 71 63 1.3 Net income from financial instruments at fair value through profit or loss -33 111 10,171 -6,124 1.4 Income from subsidiaries, associated companies and joint ventures 138 143 273 288 1.5 ...
61
annual_report
4057
2,249
The following table represents the reserve levels as of December 31, 2009 for The PMA Insurance Group and the significant lines of business within this segment:
26
10K
RSAInsuranceGroupPLC-AR_2007
310
The surplus on the pension scheme as at 31 December 2007 is £116m net of tax compared with £24m at the start of the year. The scheme has benefited from positive market movements and funding payments made during the year. The Group has strengthened the
45
annual_report
5923
722
Our audit included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the...
89
10K
HiscoxLtd-AR_2017
1,586
The amounts expected to be recovered before and after one year are estimated as follows: Within one year 238,166 252,837 After one year 24,296 27,074 17 Reinsurance assets
28
annual_report
5026
1,968
On January 13, 2012, a putative class action under RESPA titled Menichino, et al. v. Citibank, N.A., et al. (the “Menichino Case”), was filed in the U.S. District Court for the Western District of Pennsylvania. Radian Guaranty was not named as a defendant in the original complaint. On December 4, 2012, plaintiffs amend...
214
10K
2697
949
For the period October 1, 2001 through December 31, 2003, Mutual entered into a stop loss reinsurance arrangement (the “Stop Loss”) with the STFC Pooled Companies. Under the Stop Loss, Mutual agreed to participate in the Pooling Arrangement’s quarterly underwriting losses and gains in the manner described. If the Pooli...
171
10K
3888
1,167
The Company’s four stock option plans include provisions, subject to certain limitations beginning in 2006 and 2009 as described below, to automatically grant restorative, or reload stock options (“Restorative Options”), to replace shares of previously owned Unitrin common stock that an exercising option holder surrend...
144
10K
5068
708
· considering the extent, and length of time during which the market value has been below cost;
17
10K
4956
953
Deferred income taxes, which are included in other assets or other liabilities as appropriate, reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes.
42
10K
Sampoplc-AR_2012
2,705
Equity and equity index options - - - 29 0 0
11
annual_report
5772
501
Marketing initiatives are an important component of our strategy to increase revenue. Our marketing initiatives are focused on three primary member acquisition channels: direct, marketing partners and online advertising and are primarily designed to encourage consumers to complete an application for health insurance. I...
59
10K
5439
2,476
There were no investment transfers between Level I, Level II or Level III for the year ended December 31, 2016.
20
10K
4881
601
Medicare Part D standalone membership decreased 7, or 1.5%, primarily due to competitive pressure in certain markets.
17
10K
PowszechnyZakladUbezpieczenSA-AR_2019
231
Inflation, monetary policy and interest rates In 2019, the consumer price index (CPI) increased by 2.3% in annual average terms, compared to 1.6% in 2018. In December 2019, consumption prices were 3.4% higher than the year before and net core inflation (CPI without the prices of food and energy) stood at 3.1% y/y. The ...
109
annual_report
AegonNV-AR_2017
925
Net income for Central & Eastern Europe Net income from Aegon’s businesses in Central & Eastern Europe
17
annual_report
2927
558
Our Board of Directors declared a cash dividend of $0.02 per common share to stockholders of record as of December 27, 2005, and paid this dividend totaling $0.6 million in January 2006. We intend to continue paying a comparable quarterly cash dividend on our common stock. However, the payment of dividends depends enti...
96
10K
HannoverRueckSE-AR_2002
167
9. Risk management • Ongoing monitoring of all risks that could jeopardise the continued existence of the Group or individual parts thereof
22
annual_report
HannoverRueckSE-AR_2014
1,110
As an instrument of self-regulation for the business world, the German Corporate Governance Code – the latest version of which dates from 24 June 2014 – sets out recommendations and suggestions that are intended to maintain and foster the trust of investors, customers, employees and the general public in the management...
129
annual_report
4851
1,544
2013 to 2012 Annual Comparison. Annualized new business premiums increased $319 million, primarily driven by a $279 million increase in sales of universal life insurance products due to expanded distribution as a result of the acquisition of the Hartford Life Business, particularly through institutional channels, as we...
117
10K
3568
1,352
Excess Casualty: For the excess casualty class of business, the assumed loss cost trend was approximately five percent. After evaluating the historical loss cost trends from prior accident years since the early 1990s, in AIG’s judgment, it is reasonably likely that actual loss cost trends applicable to the year-end 200...
253
10K
4340
846
Intangible assets are amortized using the straight-line method over the following periods:
12
10K
4312
2,224
(1) In 2008, the expected life of stock options granted was equal to the full term of the options awarded. In 2010, the expected life of stock options granted was estimated to be less than the full term of the options awarded. The expected life is estimated using historical data.
50
10K
2292
271
Protective utilizes derivative transactions primarily in order to reduce its exposure to interest rate risk as well as currency exchange risk. Assessing the effectiveness of these hedging programs and evaluating the carrying values of the related derivatives often involve a variety of assumptions and estimates. Protect...
100
10K
gb_prudential-AR_2016
1,571
The Committee reviewed the key assumptions and judgements made in valuing the Group’s investments, insurance liabilities and deferred acquisition costs under IFRS, together with reports on the operation of internal controls to derive these amounts. It also reviewed the assumptions underpinning the Group’s European Embe...
96
annual_report
ASRNederlandNV-AR_2012
417
Composition of the Supervisory Board The composition of the Supervisory Board is such that each supervisory director should have the skills to assess the main aspects of the overall policy and that the Supervisory Board as a whole meets the profi le thanks to a combination of the experience, expertise and independence ...
94
annual_report
5513
1,408
Premiums ceded, net of a profit commission, under our quota share reinsurance transactions, and premiums ceded under our excess of loss reinsurance transaction. See Note 9 - “Reinsurance” to our consolidated financial statements for a discussion of our reinsurance transactions.
40
10K