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fr_axa-AR_2010
5,728
In 2010, four pools were managed by AXA Global P&C: ■ Property (Catastrophe and per risk + Personal Accident); ■ General Liability; ■ Marine; ■ Technological innovation.
27
annual_report
SwissReAG-AR_2016
4,494
A key theme was the need to improve transparency and traceability along the entire supply chain. This can be
19
annual_report
86
535
*/ Information as to earnings per share is not provided inasmuch as the results for each series of stock will vary with the underwriting experience attributable to each Subsidiary Capital Account established with respect to that series. See Note 2(f) to the financial statements.
44
10K
4420
1,490
The amount of net gains/(losses) for the year included in earnings attributable to the fair value of changes in assets still held at December 31, 2010 was $16.3 million. Of this amount, $0.5 million was included in net realized and unrealized gains/(losses) and $15.8 million was included in net investment income.
51
10K
5534
1,476
(7)-As of December 31, 2018, includes structured insurance securitizations of $2.2 billion and $1.0 billion of insurance in force and gross par amount, respectively. As of December 31, 2017, includes structured insurance securitizations of $2.3 billion and $1.1 billion of insurance in force and gross par amount, respec...
48
10K
gb_lloyds_banking_grp-AR_2006
2,144
Individual Savings Accounts (‘ISAs’) The Company provides a facility for investing in Lloyds TSB shares through an ISA. For details contact: Retail Investor Operations, Lloyds TSB Registrars, The Causeway, Worthing, West Sussex BN99 6UY. Telephone 0870 242 4244.
38
annual_report
5418
870
We define fair value as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques we use to measure fair value m...
80
10K
4098
2,291
As described below, certain assets and liabilities are measured at estimated fair value on the Company’s consolidated balance sheets. In addition, the notes to these consolidated financial statements include further disclosures of estimated fair values. The Company defines fair value as the price that would be received...
336
10K
2084
1,225
California Wage and Hour Litigation - In Ernestine Samora, et al. v. CCC, Case No. BC 242487, Superior Court of California, County of Los Angeles, California and Brian Wenzel v. Galway Insurance Company, Superior Court of California, County of Orange No. BC01CC08868 (coordinated), two former CNA employees, filed lawsui...
210
10K
4495
466
In 2007, Citizens became the principal direct competitor of the insurance companies that underwrite the condominium program administered by one of our indirect subsidiaries, Florida Intracoastal Underwriters, Limited Company (“FIU”), and the excess and surplus lines insurers represented by wholesale brokers such as Hul...
133
10K
HannoverRueckSE-AR_2009
2,265
Government debt securities of Eu member states 41,342 3,181 – 641 45,164
12
annual_report
gb_prudential-AR_2017
4,156
Health and protection features are offered as supplements to the products listed above or sold as stand‑alone products. Protection covers mortality or morbidity benefits including health, disability, critical illness and accident coverage.
32
annual_report
BaloiseHoldingLtd-AR_2007
3,020
Impairment losses recognised in profi t or loss –/– –5.0 –/– –/– –0.9 –/– –5.9
15
annual_report
fr_axa-AR_2009
199
(ii) completed the acquisition of Seguros ING (subsequently renamed AXA Seguros, SA de Compañia de Valores), the 3rd largest Mexican insurer with leading positions in key markets such as Motor or Health and also active on the Life market
39
annual_report
ScorSE-AR_2009
376
Incorporated: 16 August 1855 under the name Compagnie Impériale des Voitures de Paris; name changed to SCOR S.A. on 16 October 1989, to SCOR on 13 May 1996, then to SCOR S.E. on 25 June 2007.
36
annual_report
AegonNV-AR_2016
1,750
Excellence of the global Risk Management function to business areas through review of key initiatives, transactions, programs, projects, assumptions, methodologies and results across all important paradigms; �� Providing assurance on the integrity of models and cash flows through model validations and maintenance of mo...
74
annual_report
4325
1,434
ProAssurance Corporation is a holding company and is a legal entity separate and distinct from its subsidiaries. Because it has no other business operations, dividends from its operating subsidiaries represent a significant source of funds for its obligations, including debt service. At December 31, 2010, we held cash ...
150
10K
AegonNV-AR_2008
1,831
Consolidated income statement of AEGON Group for the year ended December 31
12
annual_report
HelvetiaHoldingAG-AR_2015
2,991
Equity valuation Balance sheet practice for measurement of holdings in associated companies. The valuation of the holding in the balance sheet corresponds to the shareholders’ equity in this company held by the Group. In the context of ongoing evaluation, this valuation is projected forward to take account of changes i...
64
annual_report
2852
552
The Company is a party to a number of legal actions and regulatory investigations. Given the inherent unpredictability of these matters, it is difficult to estimate the impact on the Company's consolidated financial position. On a quarterly and annual basis, the Company reviews relevant information with respect to liab...
163
10K
AdmiralGroupPLC-AR_2014
1,006
The Committee is kept up to date with changes to Accounting Standards and relevant developments in financial reporting, company law and the various regulatory frameworks through presentations from the Group’s external auditor, Chief Financial Officer and Company Secretary. In addition, members attend relevant seminars ...
66
annual_report
555
301
The Company is required to establish a valuation allowance for any portion of the deferred tax asset that management believes will not be realized. In the opinion of management, it is more likely than not that the Company will realize the benefit of the deferred tax assets, and, therefore, no such valuation allowance h...
71
10K
4911
3,755
During 2014, 2013 and 2012, we recognized losses of $32 million, $54 million and $641 million, respectively, attributable to the observable effect of changes in credit spreads on our own liabilities for which the fair value option was elected. We calculate the effect of these credit spread changes using discounted cash...
80
10K
1686
297
Deferred Member and Associate Costs Deferred costs represent the direct incremental expenses the Company incurs in enrolling new members and new associates and that portion of payments made to provider law firms and Associates related to deferred Membership revenue. Deferred costs for enrolling new members include the ...
130
10K
HannoverRueckSE-AR_2018
2,193
Hannover Life Reassurance Company of America (Bermuda) Ltd. 1, Hamilton / Bermuda 100.00 USD 1,122,202 64,825
16
annual_report
5756
903
In December 2019, the Company commuted reinsurance agreements with Hannover Reinsurance (Ireland) Limited (“Hannover”) covering portions of accident years 2009 through 2011. The Company received an $8.5 million payment effectuated solely through offset against the balance of the funds withheld and recoverable from rein...
97
10K
NatixisSA-AR_2013
5,232
FINANCIAL DATA5 Consolidated fi nancial statements and notes NOTE 9 PRO FORMA STATEMENTS
13
annual_report
59
388
As a holding company, Laurentian Capital's ability to meet debt service obligations and pay operating expenses depends upon receipt of sufficient funds, primarily through dividends, interest and principal payments on a surplus debenture, and management fees from its subsidiaries. The Company's subsidiaries are currentl...
242
10K
AvivaPLC-AR_2019
2,039
Consolidated statement of changes in equity 136 Consolidated statement of financial position 137 Consolidated statement of cash flows 138
19
annual_report
StandardLifeAberdeenPLC-AR_2017
704
Mature books Mature channel, which comprises Standard Life Pensions and Savings and third party strategic partner life business, including Lloyds Banking Group and Scottish Widows. AUM remained stable at £271.8bn. Our mature books business, which is in natural run-off, saw net outflows of £15.2bn (2016: £13.6bn) which ...
80
annual_report
5637
1,232
The Company operates as a single segment for reporting purposes as substantially all business operations, assets and liabilities relate to the private mortgage insurance business and management reviews operating results for the Company as a whole to make operating decisions and assess performance.
43
10K
5108
1,055
The increase in the acquisition cost ratio in 2014 relative to 2013, primarily reflected a reduction in ceding commissions, following changes to our reinsurance programs during 2014, and a change in the mix of business.
35
10K
5063
791
While extraordinary monetary accommodation has suppressed volatility in rate, credit and domestic equity markets for an extended period, the start of the normalization process of monetary policy has resulted in an increase in volatility, exacerbated by heightened concern around the health of economic activity in China ...
302
10K
4568
1,426
The Company has state net operating losses resulting in a deferred tax asset of approximately $4.2 million, which are available for use through 2032. The Company has no other material net operating loss or credit carryforwards.
36
10K
3990
1,210
When the Company does not expect to recover a fixed maturity’s amortized cost, its fair value and expected future cash flows must be estimated by management to record an impairment loss. The credit portion of an impairment loss is recognized in net income and measured as the difference between a fixed maturity’s amorti...
79
10K
de_allianz-AR_2003
3,499
S I R I A I N V A L L A N C E
15
annual_report
gb_prudential-AR_2015
3,872
The Group cedes certain business to other insurance companies. Although the ceding of insurance does not relieve the Group from its liability to its policyholders, the Group participates in such agreements for the purpose of managing its loss exposure. The Group evaluates the financial condition of its reinsurers and m...
130
annual_report
4970
2,636
A.M. Best placed the A- rating of PaCRe, Ltd. “under review with negative implications” on January 20, 2015.
18
10K
HelvetiaHoldingAG-AR_2006
800
Property and equipment are carried at cost less accumulated depreciation and accrued impairment. Depreciation is normally calculated using the straight-line method over the estimated useful life as follows: n Furniture 4–15 years n Technical equipment 4–10 years n Motor vehicles 4–6 years n Computer hardware 2–5 years
47
annual_report
2836
5,450
It is important to understand that the process of estimating our ultimate claims liability is necessarily a complex and judgmental process inasmuch as the amounts are based on management’s informed estimates, assumptions and judgments using data currently available. The assumptions we utilize in developing a range of l...
228
10K
NatwestGroupPLC-AR_2015
175
In 2015 a Board oversight committee was established in relation to the Financial Conduct Authority review of the treatment
19
annual_report
AvivaPLC-AR_2018
418
• Drive operational efficiency, underpinned by a sustainable and robust IT infrastructure. Completing our data centre migration will be fundamental to supporting the level of service we offer.
28
annual_report
HiscoxLtd-AR_2018
47
We have specialist knowledge and great relationships, and we care about our customers and each other. We have always believed that doing the right thing, however hard, will lead to success. In 2018 this approach resulted in us receiving a number of new accolades.
44
annual_report
4537
1,976
Senior notes. On September 27, 2010, Alterra Finance, a wholly-owned indirect subsidiary of Alterra, issued $350.0 million principal amount of 6.25% senior notes due September 30, 2020 with interest payable on March 30 and September 30 of each year. The 6.25% senior notes are Alterra Finance’s senior unsecured obligati...
136
10K
4632
1,325
For the year ended December 31, 2012, the decrease in the frequency acquisition cost ratio primarily related to the change in mix of business. The non-standard automobile contracts which carry lower ceding commissions than our other frequency contracts, accounted for approximately 46% of frequency earned premiums for t...
151
10K
Sampoplc-AR_2011
1,651
Geographical information has been given on income from external customers and non-current assets.. The reported segments are
17
annual_report
PosteItalianeSpA-AR_2017
4,355
The following table shows movements in deferred tax assets and liabilities, broken down according to the events that generated such movements: tab. C10.6 - Movements in deferred tax assets
29
annual_report
1825
668
Pumpkin and Possible Dreams are parties to agreements with certain artists and inventors which require payment of royalties based upon a percentage of net sales of certain products and other formulas as stated in the agreements. Under these agreements, the Company had royalty expense of $224, $226 and $315 in 2001, 200...
55
10K
4181
1,874
the amortization expense of renewal rights held by Harbor Point. The renewal rights were included in the assets of Chubb Re acquired by Harbor Point in 2005 and were fully amortized by the end of 2009. The general and administrative expense ratio would not have changed significantly from 2009 to 2010 as the 6.8% decrea...
70
10K
SwissReAG-AR_2013
1,099
the expiry of a major quota share retrocession agreement, which was only partly replaced by other hedges, was a key driver of the overall increase in risk.
27
annual_report
Sampoplc-AR_2013
2,493
Financial assets available for sale /shares and participations: Listed equity securities include EURm 641 (589) listed equities. Unlisted equity securities include EURm 640 (752) investments in capital trusts.
28
annual_report
StorebrandASA-AR_2011
1,674
Asset backed securities (ABS), residential mortgage backed securities (RMBS) and commercial mortgage backed securities (CMBS) are classified as level 3 due to their generally limited liquidity and transparency in the market.
31
annual_report
NatwestGroupPLC-AR_2014
8,127
continues to keep retail banking under review. In late 2010 the EC
12
annual_report
4126
1,297
International and other reserves are generally analyzed by program/pool, country and general coverage category (e.g., U.S. Liability-excess of loss reinsurance, or General Liability-Municipalities-by country). The business is also generally split by direct versus assumed reinsurance for a given coverage/jurisdiction. W...
125
10K
834
253
To the Board of Directors and Stockholders of Trenwick Group Inc.
11
10K
fr_axa-AR_2011
2,546
borrowings) and dividend payments during each of the next three years. AXA expects that anticipated investments in subsidiaries and existing operations, future acquisitions and strategic investments will be funded from available cash fl ow remaining after payments of dividends and operating expenses, proceeds from the ...
61
annual_report
3527
505
Chandler USA and its subsidiaries own and occupy four office buildings with approximately 127,000 square feet of usable space in Chandler, Oklahoma. Chandler USA believes such space is sufficient for its operations for the foreseeable future.
36
10K
AvivaPLC-AR_2008
2,304
Assets Intangible assets – 41 41 Reinsurance assets 130 – 130 Prepayments and accrued income 20 – 20 Cash and cash equivalents 8 – 8 Debt securities 1,803 (74) 1,729 Other investments 407 – 407 Property and equipment 17 1 18 Receivables and other financial assets 45 – 45 Other assets 2 2 4
54
annual_report
3950
983
Although authoritative guidance allowed a change in accounting, the Company has chosen to continue its past accounting policy of classifying interest and penalties as income tax expense in the consolidated statement of operations. No such amounts were recognized in 2009 or 2008. The liability for accrued interest and p...
60
10K
StandardLifeAberdeenPLC-AR_2015
1,885
(a)(iii) Critical accounting estimates and judgements in applying accounting policies The preparation of financial statements requires management to exercise judgements in applying the accounting policies and make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the fi...
131
annual_report
BaloiseHoldingLtd-AR_2011
1,944
Hedged financial assets of a debt nature are fixed-income securities that are certificated by a mortgage or government bond. These fixed-income securities are issued by companies, which for the most part have a clearly defined and narrowly limited business purpose.
40
annual_report
5136
690
The Business and International Insurance segment's gross and net written premiums by market were as follows:
16
10K
gb_prudential-AR_2002
1,193
(vi) Jackson National Life has entered into a programme of funding arrangements under contracts which, in substance, are almost identical to Guaranteed Investment Contracts. The liabilities under these funding arrangements totalled £3,554m (£3,144m). In addition, Jackson National Life has entered into stocklending arra...
61
annual_report
SwissReAG-AR_2019
3,240
Dividends are declared in Swiss francs. During the years ended 31 December 2018 and 2019, the parent company of the Group (Swiss Re Ltd) paid dividends per share of CHF 5.00 and CHF 5.60, respectively.
35
annual_report
1387
493
Market risk generally represents the risk of loss that may result from potential changes in the value of a financial instrument due to a variety of market conditions. The Company's exposure to market risk is generally limited to potential losses arising from changes in the level or volatility of interest rates on marke...
91
10K
NatixisSA-AR_2019
1,979
Fixed compensation €800,000 François Riahi’s gross fixed compensation for 2019 for his duties as Chief Executive Officer was €800,000 and is unchanged from the previous year.
26
annual_report
5672
1,429
For purposes of expense recognition in 2019, 2018 and 2017, the estimated fair values of the stock option grants are amortized to expense over the options’ vesting period. We estimated the fair value of stock options at the date of grant using the Black-Scholes option pricing model with the following weighted average a...
53
10K
AegonNV-AR_2012
4,553
The new shares have been listed on NYSE Euronext Amsterdam, the principal market for Aegon’s common shares.
17
annual_report
4124
646
Ceded reinsurance - Ceded reinsurance reserves are primarily related to the pre-1986 automobile massive injury claims. As mentioned in the discussion of direct business above, the pre-1986 automobile massive injury reserves increased in 2009 due to assumption changes and frequency trends. These reserve increases drove ...
56
10K
4337
1,172
We also focused on reducing our exposure to large concentrated positions that exceeded 10% of total adjusted capital (TAC) on a statutory accounting basis. During 2011, we reduced our exposure to Israel Electric by $125 million, the Republic of Tunisia by $107 million, HSBC by $108 million, Commerzbank by $283 million,...
104
10K
AdmiralGroupPLC-AR_2017
1,181
• Increase to the shareholding guideline from 200% to 300% of base salary
13
annual_report
3039
623
Loans receivable are impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Impaired loans receivable are measured at the present value of expected future cash flows discounted at the loa...
99
10K
gb_prudential-AR_2013
5,074
Tax charge on profit attributable to shareholders (including tax on actual investment returns)† 1,306 1,188 * The tax charge on operating profit for long-term business includes tax on Solvency II and restructuring costs. † The 2012 comparative results have been adjusted retrospectively from those previously published f...
60
annual_report
HannoverRueckSE-AR_2006
1,961
HDI HANNOVER International España, Cia de Seguros y Reaseguros S.A. 21,751 3,457
12
annual_report
5837
2,343
Total premiums $ 47,590 100.0 % $ 47,502 100.0 % $ 47,535 100.0 %
14
10K
de_allianz-AR_2012
3,364
In addition, Allianz SE had authorized capital (Authorized Capital 2010/II) for the issuance of shares against cash until 4 May 2015. The shareholders’ subscription rights can be excluded in order to issue new shares to employees of Allianz SE and its Group companies. As of 31 December 2012, the Authorized Capital 2010...
59
annual_report
AdmiralGroupPLC-AR_2011
481
• Fair deal: how happy employees are with their pay and benefits
12
annual_report
5713
2,294
2017 impairment tests see Note 10 -Goodwill & Other Intangible Assets of Notes to Consolidated Financial Statements.
17
10K
ch_zurich_insurance_group-AR_2006
1,461
The summary of the balance sheet changes in relation to defined benefit plans and other defined postemployment benefits is given below.
21
annual_report
3300
928
In February 2007, the FASB issued SFAS No. 159, “The Fair Value Option for Financial Assets and Financial Liabilities” (“SFAS 159”), which provides reporting entities an option to report selected financial assets, including investment securities designated as available for sale, and liabilities, including most insuranc...
203
10K
4107
1,701
Net earned premiums decreased due to an increase in ceded reinsurance and lower production in 2009, partially offset by in-force growth. Annualized first-year premiums decreased as we maintained our pricing discipline and focus on smaller face amounts.
37
10K
fr_axa-AR_2017
4,818
Minority interests in funds under this caption totaled €8,756 million as of December 31, 2017, a decrease of €2,747 million compared to December 31, 2016, mainly coming from Belgium.
29
annual_report
SwissReAG-AR_1980
258
In line with the worldwide trend, non-Life insurance brought the Group as a whole a higher underwriting loss than in the previous year, while in Life assurance the underwriting profit rose slightly. - The underwriting busi­ ness of reinsurance companies again brought on the whole a negative result. Although an underwri...
130
annual_report
INGGroepNV-AR_2015
7,929
Collateralised loan obligation (CLO) A type of collateralised debt obligation (CDO) that is backed primarily by leveraged bank loans.
19
annual_report
1007
403
The following table sets forth the composition of the Company's fixed maturity securities according to NAIC designations and S&P and Moody's ratings at December 31, 1998:
26
10K
fr_axa-AR_2001
3,356
Up until December 31, 2000, the portion of the FFA attributable to terminal bonuses was included in the UK
19
annual_report
1867
706
Acquisition Expenses. Acquisition expenses increased from $3.8 million to $12.2 million as a result of increased earned premiums. Premium tax expense also increased to $3.7 million from $948,000 due to higher volumes of direct premiums earned.
36
10K
3584
2,196
Life Reinsurance. We bear four principal classes of risk in our life reinsurance products (i) mortality risk, (ii) investment risk, (iii) persistency risk, and (iv) counter-party risk.
27
10K
2681
642
Net Realized Gains. Net realized gains for the year ended December 31, 2004 were $13.6 million compared with $22.6 million for the year ended December 31, 2003, a decrease of $9.0 million. We invest our portfolios to produce a total return. In assessing returns under this approach, we include investment income, realize...
113
10K
GjensidigeForsikringASA-AR_2019
2,670
Provisions for unearned premiums As at 1 January 9,399.6 (39.6) 9,360.1 8,769.5 (41.4) 8,728.0 Addition through merger 172.8 172.8 Increase in the period 24,703.4 (716.3) 23,987.2 23,795.3 (714.2) 23,081.1 Earned in the period (24,236.4) 712.9 (23,523.5) (23,148.0) 715.9 (22,432.0) Exchange differences (36.4) 0.6 (35.8...
62
annual_report
4237
687
Losses and Loss Adjustment Expenses. Losses and loss adjustment expenses incurred for the year ended December 31, 2010, increased by $14,547, or 4.2%, to $360,848 from $346,301 for the comparable 2009 period. Our GAAP loss ratio for the year ended December 31, 2010, increased to 65.4% compared to 65.1% for the comparab...
111
10K
ScorSE-AR_2008
1,176
Denis Kessler, 56, Chairman of the Board of Directors and Chief Executive Offi cer of SCOR SE
17
annual_report
HiscoxLtd-AR_2007
918
Financial assets carried at fair value 411,908 1,130,080 165,258 40,581 1,747,827 Loans and receivables including insurance receivables 158,151 168,889 48,280 9,902 385,222
22
annual_report
4986
809
The Company has commitments for potential future investments of approximately $60 million in two private equity funds that invest primarily in financial services companies.
24
10K
4766
1,321
settlement and, on March 13, 2013, the Court entered an order dismissing the consolidated Delaware action without prejudice. On April 25, 2013, one of the two lawsuits filed in the Supreme Court of the State of New York was discontinued. On April 26, 2013, the remaining lawsuit was also discontinued.
50
10K
2964
891
Vision membership increased 720,000, or 88%, due to the introduction of our Blue View Vision product and the associated conversion of 432,000 members of a competing plan in Virginia to this new product, as well as new sales in several markets.
41
10K
BeazleyPLC-AR_2020
2,150
A discount rate, based on weighted average cost of capital (WACC) of 7% (2019: 7%) has been applied to projected future cash flows. This has been calculated using independent measures of the risk-free rate of return and is indicative of the group’s risk profile relative to the market. The impairment test for goodwill c...
59
annual_report
3111
1,012
S&P earnings are expected to grow 9.5% in 2007, following an expected 16% increase in 2006 and 18% increase in 2005. The factors leading to this continued growth are lower energy prices, increased confidence in the economy’s job and income generating capacity, expectations of robust corporate capital expenditures, and ...
89
10K
4666
1,201
Fixed maturity securities include debt securities, which may have fixed or variable principal payment schedules and may be used as a part of the Company’s asset/liability strategy or sold in response to changes in interest rates, anticipated prepayments, risk/reward characteristics, liquidity needs, tax planning consid...
101
10K
3202
970
As of December 31, 2006, the Company had letters of credit outstanding under the Facility of $171.9 million, which were established for the benefit of primary insurance companies reinsured by the Company, as explained below. No revolving loans have been drawn by the Company under the Facility since its inception. For t...
155
10K