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42
306
Interest expense was $13,044,000 in 1993, $12,754,000 in 1992 and $16,131,000 in 1991. The 2.3% increase from 1992 to 1993 reflects an increase in the average amount of debt outstanding in 1993 as compared to 1992, including debt incurred to redeem the Company's Adjustable Rate Preferred Stock, offset for the most part...
121
10K
PowszechnyZakladUbezpieczenSA-AR_2010
801
Millennium SA, the bank extended bank guarantees (bid bonds and performance bonds) to PZU
14
annual_report
3150
1,131
There are significant risks and uncertainties associated with our proposed merger with Argonaut. For example, the merger may not be consummated, or may not be consummated in the third quarter of 2007 as currently anticipated, as a result of a number of factors, including, without limitation, the inability to obtain gov...
136
10K
172
420
Collateral Requirements: Torchmark requires collateral for investments in instruments where collateral is available and is typically required because of the nature of the investment. Since the majority of Torchmark's investments are in government, government-secured, or corporate securities, the requirement for collate...
57
10K
AegonNV-AR_2008
1,947
As of January 1, 2008, AEGON included its treasury shares in the column retained earnings instead of in the column share capital. 3
23
annual_report
5641
1,448
The table below summarizes the gross, ceded and net reserve for losses and LAE and reconciles to the incurred claims development in the following section. Accordingly, the commercial multiple peril, workers’ compensation, commercial automobile liability lines and general liability and umbrella - occurrence presentation...
48
10K
4850
1,374
In terms of liquidity, our contractual obligations for reserves for losses and loss expenses would also increase or decrease by approximately $643.2 million after reinsurance recoverable. If our obligations were to increase, we believe we currently have sufficient cash and investments to meet those obligations.
45
10K
ScorSE-AR_2011
1,640
Gilles Meyer 54 Chief Executive Officer of SCOR Global Life SE
11
annual_report
2573
906
In 2003, we incurred $66.7 million of litigation and arbitration settlement expenses related to our 1997 20 percent Whole Account Quota Share arbitrations with NRMA, Dorinco and Alfa and other disputed balances compared to a charge of $9.0 million in 2002. In 2002, we reduced our estimated recoverables from the 20% who...
75
10K
4313
302
Staff costs - increase by $453,121 or 43 % from $1,063,571 in 2009 to $1,516,692 in 2010. The increase was mainly due to increase in headcounts and pay rates during the year of 2010.
34
10K
5153
2,712
Actuarial gains and losses result from differences between the actual experience and the assumed experience on plan assets or PBO during a particular period and are recorded in accumulated OCI (“AOCI”). To the extent such gains and losses exceed 10% of the greater of the PBO or the estimated fair value of plan assets, ...
113
10K
3087
717
Other risk in force was $10.3 billion at December 31, 2006, compared to $9.7 billion at December 31, 2005 and $1.2 billion at December 31, 2004. Other risk in force at December 31, 2006 and 2005 included a higher level of credit default swaps, including two large international mortgage securitizations completed in the ...
112
10K
ASRNederlandNV-AR_2010
159
Knowing better what customers want Customer research was carried out on various subjects in 2010, by holding conversations with customers and in other ways. This has given ASR Nederland many new insights into what customers want, what motivates them and how ASR Nederland can adapt itself to these factors. Boudewijn van...
138
annual_report
gb_lloyds_banking_grp-AR_2018
3,941
Mitigation The Group’s policy is to optimise reward whilst managing its market risk exposures within the risk appetite defined by the Board. The Group Market Risk Policy and procedures outlines the hedging process, and the centralisation of risk from divisions into GCT, e.g. via the transfer pricing framework. GCT is r...
133
annual_report
2405
1,308
Our results may fluctuate as a result of many factors, including cyclical changes in the insurance industry.
17
10K
Sampoplc-AR_2007
1,232
Mortality assumptions have an essential eff ect on the amount of liability, particularly in group pension insurance, the liability of which accounts for about 37 per cent of the technical provisions of the Finnish life company. A so-called cohort mortality model has been used in calculating the group pension insurance ...
84
annual_report
2723
1,012
The same factors that reduced policy retention have had an impact on new personal lines business. Personal lines new business premiums written directly by agencies declined 33.9 percent to $32 million in 2005 and declined 19.9 percent to $48 million in 2004.
42
10K
BeazleyPLC-AR_2015
335
So deals of that kind are not of interest to us. However, we are happy to talk to brokers about panels and facilities, whereby brokers place the bulk of their business in a specialist line with pre-selected insurers that have a high level of expertise in the line in question. We participate in a number of these.
57
annual_report
4935
969
The establishment of loss reserves is an inherently uncertain process and changes in loss reserve estimates are expected as such estimates are subject to the outcome of future events. Changes in estimates, or differences between estimates and amounts ultimately paid, are reflected in the operating results of the period...
106
10K
AegonNV-AR_2001
1,494
AEGON’s continued strong growth in 2001, a year that was dominated by adversity including the terrorist attacks in the USA on 11 September and subsequent further deterioration and volatility in the world economy in general and the financial markets in particular, reflects the strong commitment and dedication of the Exe...
89
annual_report
2573
1,207
The Company is also evaluating possible renewal rights transactions involving certain states/regions in our homeowners portfolio.
16
10K
SwissReAG-AR_2020
1,185
The net operating margin in 2020 was –6.6%, compared with 2.4% in the prior year, in line with movements in income.
21
annual_report
907
184
13) The inability of Torchmark to obtain timely and appropriate premium rate increases.
13
10K
StorebrandASA-AR_2006
476
Norwegians more aware of the need for personal savings. Guaranteed savings products and real estate funds were the most popular products for
22
annual_report
5611
717
Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) is intended to inform the reader about matters affecting the financial condition and results of operations of Primerica, Inc. (the “Parent Company”) and its subsidiaries (collectively, “we,” “us” or the “Company”) for the thr...
116
10K
3644
957
We calculate the amount of variability absorbed by us and compare it to the total variability absorbed by all variable interest holders of the Exchange. In the modeled result we absorb approximately 2% of the total variability of the Exchange at December 31, 2008 which is well below the majority and supports the conclu...
65
10K
536
563
Total underwriting expenses decreased $2,086,000, or 6.9%, during 1996, compared to 1995. The decrease was primarily the result of a decrease in commissions paid to agents and brokers. The average commission rate to agents and brokers decreased to 14.1% for 1996, compared to 21.6% for 1995.
46
10K
AssicurazioniGeneraliSpA-AR_2014
4,221
Europ Assistance Servicios Integrales de Gestion, S.A. 067 EUR 400,000 G 11 100.00
13
annual_report
CNPAssurancesSA-AR_2005
306
The number of staff taken on under fixed-term contracts is limited. Most contracts are for periods of three to six months, with around half in policy administration.
27
annual_report
ASRNederlandNV-AR_2016
3,057
In the calculation of the defined benefit obligation the: • Discount rate is determined based on the return (zero coupon rate) of high-quality corporate bonds (AA rating) and the duration of the pension obligation. The discount rate methodology is based on the IBoxx € Corporates AA 10+ curve; • Most recent mortality ta...
71
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008
1,144
As at the balance sheet date, 58,846 shares issued in an employee share programme were also subject to a restriction on disposal until 31 July 2009.
26
annual_report
SwissLifeHoldingAG-AR_2007
527
From 1981 to 1984 Bruno Gehrig was the Head of the Economics Section at the Union Bank of Switzerland. In 1985 he spent a year studying international banking. In 1988 he was promoted to Head of the Stock Markets and Securities Sales Division of the UBS Group. Between 1989 and 1991 Mr Gehrig was Chairman of the Executiv...
162
annual_report
4516
627
Decreases in mortgage loans on real estate are a primarily result of the repayment of one mortgage during the second quarter in the amount of $200,000.
26
10K
gb_prudential-AR_2008
257
Insurance business: UK general insurance commission 44 4 4 Asset management business: US broker-dealer and asset management 10 13 (23) 14 (29)
22
annual_report
3684
1,374
Additions to deferred policy acquisition costs and value of business and customer renewals acquired
14
10K
AvivaPLC-AR_2012
2,024
Approved persons and controllers The FSA places great emphasis on the principle of senior management responsibility. The directors of, and senior managers carrying out FSA defined controlled function roles in, any of the Group’s regulated entities are individually registered with the FSA under the ‘Approved Person’ reg...
320
annual_report
NatixisSA-AR_2008
1,252
Build-up) for wide and innovative coverage of fi nancing requirements (family business transfer, hive-offs, stock market exits, secondary LBOs, mixed LBO/real estate and LBO/
24
annual_report
StandardLifeAberdeenPLC-AR_2009
1,868
Please remember that the value of shares can go down as well as up and you may not get back the full amount invested or any income from it. All figures and share price information have been calculated as at 31 December 2009 (unless otherwise indicated).
46
annual_report
5234
641
Interest rates were slightly higher at the end of 2016 compared to the overall level of 2015. However, they remain well below historical norms. The assumptions we used to discount our reserves during this period were slightly lower for certain of our product lines. Reserve discount rate assumptions for new policies and...
101
10K
SwissReAG-AR_2013
500
Admin Re® helps insurers adjust to changing conditions see page 24 of the 2013 Business Report 2 Swiss Re 2013 Financial Report
22
annual_report
BaloiseHoldingLtd-AR_2007
3,370
when Bâloise-Holding shares perform better relative to the peer group. The maximum 1.5 multiplier applies when Bâloise-Holding share performance is in the top quartile for the peer group. The minimum 0.5 multiplier applies when share performance falls within the lowest quartile for the peer group. The performance multi...
95
annual_report
fr_axa-AR_2011
351
(f) Restated: the contribution of discontinued Canadian operations is reclassifi ed on a separate line of the income statement to present a comparable basis.
24
annual_report
AvivaPLC-AR_2018
367
In December 2018, the Civil Liability Bill became an Act of Parliament, which includes a change in the way the discount rate used to calculate lump sum compensation in personal injury cases (the ‘Ogden rate’) is set. Although the rate remains uncertain, it is anticipated that the Government will set a discount rate whi...
113
annual_report
3152
2,128
transfer but, beginning on the date of acquisition, ceded all of the net profits or losses and related net cash flows associated with the contracts to PRIAC. At the date of acquisition, the statement of financial position for PRIAC included a reinsurance receivable of $32.4 billion and reinsurance payable of $32.4 bill...
130
10K
2732
712
Operating expenses for the year ended December 31, 2005 were $54.9 million, an increase of $5.6 million, or 11.3%, as compared to $49.3 million in the prior year. The increase in operating expenses was primarily a result of contractual changes, expansion through acquisitions, and legal and professional expenditures. Ou...
344
10K
NNGroupNV-AR_2016
398
Opportunities and risk In order to remain competitive in our industry, NN Group needs to attract high quality talent to the company. In a global marketspace in which industry sectors are increasingly blurred, as well as where new-style businesses are often deemed more attractive than traditionally operating companies, ...
118
annual_report
de_allianz-AR_2010
3,471
The RSUs are virtual stocks without dividend payments. The fair value is calculated by substracting the net present value of expected future dividend payments until maturity of the RSUs from the prevailing share price as of the valuation date.
39
annual_report
5360
1,277
Other comprehensive income (loss) reclassification adjustments for the years ended December 31, 2017, 2016 and 2015 are as follows:
19
10K
3655
731
Berkshire’s operating businesses are managed on an unusually decentralized basis. There are essentially no centralized or integrated business functions (such as sales, marketing, purchasing, legal or human resources) and there is minimal involvement by Berkshire’s corporate headquarters in the day-to-day business activ...
96
10K
5296
798
Gross Premiums Written. Gross premiums written for 2015 were $386.5 million, compared to $393.8 million for 2014, a decrease of 1.9%. The decrease was attributable to a $4.6 million decrease in premiums resulting from payroll audits and related premium adjustments, a $2.5 million decrease in annual premiums on voluntar...
92
10K
RSAInsuranceGroupPLC-AR_2012
2,557
Other services include fees payable to the Company’s auditor in respect of consultancy services relating to business transformation processes and regulatory development projects.
23
annual_report
4870
649
Revenues from our mortgage services segment increased to $70.1 million for the fourth quarter 2014, from $22.8 million in the fourth quarter 2013, largely due to acquisitions of Wetzel Trott, Inc., the title and collateral valuation business of DataQuick Lending Solutions; and LandSafe Title, all of which closed in the...
121
10K
GjensidigeForsikringASA-AR_2014
276
In all, we spent NOK 17,500 per employee on competence-raising measures in 2014, compared with NOK 15,800 in 2013.
19
annual_report
4400
912
We have noted that our loss reserves as well as our reported premium income have both been decreased based on the estimate of future rescissions in the existing default portfolio. In general, a rescission occurs when we determine that fraud, misrepresentation or other specified violations, which we refer to collectivel...
82
10K
DirectLineInsuranceGroupPLC-AR_2016
1,287
The Committee subsequently recommended to the Board that the Group reappoint Deloitte as External Auditor. The Group will put a resolution regarding this to shareholders at the 2017 AGM.
29
annual_report
2819
938
Our home office is in Seattle, Washington, where we occupy 760,000 square feet of owned property and 130,000 square feet of leased space.
23
10K
3218
693
Deferred Initial Public Offering Costs-Deferred IPO costs totaled $1.4 million at December 31, 2005 and consisted of capitalized expenses that were specific incremental costs associated with our IPO. Upon completion of our IPO in October 2006, these costs, which totaled approximately $4.6 million, were offset against t...
53
10K
nl_ing_grp-AR_2014
1,748
Variable remuneration in cash – – – Variable remuneration in shares – – – – – –
17
annual_report
5160
739
We issue fixed and floating rate funding agreements to a variety of sources including special purpose entities, the Federal Home Loan Bank and the Federal Agricultural Mortgage Corporation. We had total obligations under funding agreements of $4.1 billion and $4.9 billion at December 31, 2015 and 2014, respectively. Du...
92
10K
ch_zurich_insurance_group-AR_2010
1,743
The Consolidated financial statements are prepared as of December 31 based on individual company financial statements at the same date. In some cases information is included with a time lag of up to three months. The effects on the Group’s Consolidated financial statements are not material.
46
annual_report
258
401
The Company's ability to expand its business is dependent, in part, on competitive premium pricing and its ability to secure cost-effective contracts with providers. Achieving these objectives is becoming increasingly difficult due to the competitive environment. In addition, the Company's profitability is dependent, i...
81
10K
HiscoxLtd-AR_2016
1,157
Over the next few years, Hiscox UK and Ireland will continue to invest in its capabilities in the classic car market. “We already have a lot of classic cars insured on our luxury motor insurance policy,” explains Justin, “but for those people who are attracted to the Hiscox brand, we want to give them a unique proposit...
85
annual_report
5362
1,940
Adverse prior year loss development of $239.9 million during 2017, compared to $54.0 million recorded in 2016. More than half of the adverse prior year loss development in 2017 was from workers' compensation, the largest line of business in the AmTrust Reinsurance segment. Other significant drivers during 2017 were gen...
98
10K
HelvetiaHoldingAG-AR_2018
2,661
Total financial and other liabilities 2 049.6 2 026.4 432.5 1 041.5 6.1 289.6 5 845.7 as of 31.12.2017 Callable at any time < 1 year 1–5 years 5–10 years > 10 years Without maturity Total in CHF million
39
annual_report
4363
667
Equity impairments represent mark-to-market write-downs on various equity holdings. Since the Company’s equity holdings are immaterial individually and in the aggregate, its administrative practice is to impair equity security holdings when market value declines are more than 50% below cost basis.
41
10K
fr_axa-AR_2010
7,465
This excluded investment funds and real estate companies consolidated by equity method, which are presented under fi nancial investments.
19
annual_report
4537
1,849
Acquisition costs. Acquisition costs for the year ended December 31, 2012 decreased $0.8 million compared to the prior year, however, the acquisition cost ratios for the year ended December 31, 2012 increased 2.2 percentage points compared to the prior year. The reinsurance contracts we write have a wide range of acqui...
119
10K
2228
1,366
Operating income (loss) for each of the Company’s business segments and divisions in 2003 and 2002 was as follows:
19
10K
3568
954
Effective January 1, 2008, AIGFP elected to apply the fair value option to all eligible assets and liabilities, other than equity method investments. The adoption of FAS 159 with respect to elections made by AIGFP is currently being evaluated for the effect of recently issued draft guidance by the FASB, anticipated to ...
69
10K
ScorSE-AR_2010
1,876
This engagement letter was concluded on 26 April 2010. It gave rise to no payment during the 2010 financial year from SCOR SE to BNP Paribas.
26
annual_report
4774
2,516
The Company maintains funds held liabilities under the liability quota share reinsurance agreements written in 2010 and prior years and is required to credit interest to the reinsurers with annual effective yields ranging from 2.5% to 4.0% on the monthly balance in the funds held liability accounts. The amounts credite...
110
10K
NatixisSA-AR_2019
2,746
The capital requirements for operational risk are calculated using the standardized approach for all of Natixis’ operational divisions. For the purposes of managing its economic capital, Natixis uses an internal methodology to obtain an overall estimation of its level of exposure to operational risk by business line en...
79
annual_report
PowszechnyZakladUbezpieczenSA-AR_2011
496
The listing of PZU Życie assets covering technical reserves according to PAS as at 31 December 2011 is presented in Table 28. The requirements for covering technical reserves with assets are specified in art. 154 and 155 of the Act on insurance activities. As at the end of 2011, the degree of coverage of the technical ...
69
annual_report
4825
986
State insurance regulators and the NAIC have adopted risk-based capital ("RBC") requirements for life insurance companies to evaluate the adequacy of statutory capital and surplus in relation to investment and insurance risks. The requirements provide a means of measuring the minimum amount of statutory surplus appropr...
168
10K
PowszechnyZakladUbezpieczenSA-AR_2014
2,299
The General Shareholders’ Meetings are held in Warsaw and convened by placing an appropriate announcement on
16
annual_report
fr_axa-AR_1999
1,557
technology sector (135%) and in the telecommunication sector (105%) in the Euroland (defined in
14
annual_report
3734
7,694
Futures are used to protect investment spread from interest rate changes during mismatches in the timing of cash flows between product sales and the related investment activity. The futures contracts are exchange traded, daily cash settled and can be exited at any time for minimal additional cost. If the cash flow mism...
96
10K
5204
739
Book value per share and book value per share excluding AOCI, non-GAAP financial measures, are calculated as total stockholders' equity and total stockholders' equity excluding AOCI divided by the total number of shares of common stock outstanding. Since AOCI fluctuates from year to year due to unrealized changes in th...
98
10K
INGGroepNV-AR_2007
1,418
Impact of IAS 32/39 and IFRS 4 amounts in millions of euros As at
14
annual_report
AdmiralGroupPLC-AR_2019
2,546
*1 Average employee number excludes employees from offices for which data could not be collected
15
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2005
162
25th anniversary of the Dr. Horst K. Jannott Scholarship The scholarship, which was named after its founder and former Chairman of the Munich Re Board of Management, Dr. Horst K. Jannott, enables ambitious prospective managers to spend two months at the prestigious Georgia State University in Atlanta.
47
annual_report
AssicurazioniGeneraliSpA-AR_2018
977
The Company’s risks are managed in line with the “risk appetite” defined by the BoD within the Group’s Risk Appetite Framework (RAF). The RAF defines the level of risk considered acceptable in conducting business and provides the overall framework for embedding risk management into business processes. In particular, th...
63
annual_report
NatwestGroupPLC-AR_2015
1,167
Remediation and Conduct Regrettably, customer experience was impacted again by an IT
12
annual_report
4931
910
The following table summarizes the Company’s minimum commitments at December 31, 2014 (in thousands):
14
10K
NatixisSA-AR_2020
2,326
Insurance business-related risk is the risk to profits of any difference between expected and incurred claims. Depending on the insurance product in question, the risk varies according to macroeconomic changes, changes in customer behavior, changes in public healthcare policy, pandemics, accidents and natural disasters...
55
annual_report
SwissLifeHoldingAG-AR_2005
2,535
Carte Blanche Partenaires, Paris Insurance 90.3% 95.1% full EUR 2 300
11
annual_report
5578
1,465
The Company reinsured contracts with issuers of GMIB products. The Company's exposure represents the excess of a contractually guaranteed amount over the level of variable annuity account values. Payment by the Company depends on the actual account value in the underlying mutual funds and the level of interest rates wh...
89
10K
AvivaPLC-AR_2007
133
Major operating brands In Singapore, we rank first in combined sales of long-term savings products, including unit trusts
18
annual_report
1085
188
Mortgage loans are carried at amortized cost. A mortgage loan is considered impaired when it is probable that the Company will be unable to collect principal and interest amounts due. For mortgage loans that are determined to be impaired, a reserve is established for the difference between the amortized cost and fair m...
89
10K
SwissLifeHoldingAG-AR_2011
1,190
Liabilities associated with assets held for sale – – – – – – – – – –
17
annual_report
RSAInsuranceGroupPLC-AR_2012
1,191
Group has amongst the highest participation of any client Gallup works with and in 2012, saw its highest participation ever, with 94% of employees completing the survey.
27
annual_report
PosteItalianeSpA-AR_2019
6,725
For nearly all the products in the portfolio there are no surrender penalties: the surrender risk only becomes significant, however, in the event of mass surrenders which, on the basis of historical evidence, have a low probability of occurrence (a surrender rate of approximately 2.75% in 2019).
47
annual_report
5276
1,765
Effective January 1, 2016, the Company adopted ASU 2015-07, "Fair Value Measurement (Topic 820) - Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or its Equivalent)" issued by the FASB. This guidance eliminates the requirement to categorize investments for which fair value is m...
100
10K
PowszechnyZakladUbezpieczenSA-AR_2015
1,238
(increase of 8.7%) mainly due to the growth of its foreign operations and the premium collected by Link4. After accounting for the share of reinsurers and the change in provision for unearned premium, the net premium earned amounted to PLN 17,384.9 million, which was 5.8% higher than in 2014.
49
annual_report
2419
791
Claim and claim adjustment expense reserves: Claim and claim adjustment expense reserves, except reserves for structured settlements not associated with asbestos and environmental pollution and mass tort (APMT), workers compensation lifetime claims and accident and health claims, are not discounted and are based on 1) ...
174
10K
1532
500
NOTE 6 INCOME TAXES (CONTINUED) Deferred tax liabilities and assets at December 31, 2000 and 1999 are comprised of the following:
21
10K
NatixisSA-AR_2017
3,162
Outflows related to derivative exposures and other collateral requirements 5,512 5,010
11
annual_report
de_allianz-AR_2010
2,108
Available-for-sale equity securities are measured at fair value where the ownership interest is less than 20 % and the fair value is reliably measurable. Available-for-sale equity securities include investments in limited partnerships. The Allianz Group records its investments in limited partnerships at cost, where the...
89
annual_report
ch_zurich_insurance_group-AR_2017
2,549
Financial assets Group derivative assets 903 968 Unit-linked derivative assets 19 26 Receivables from policyholders 3,281 3,139 Receivables from insurance companies, agents and intermediaries 5,665 4,860 Receivables arising from ceded reinsurance 1,179 1,432 Reverse repurchase agreements 153 970 Amounts due from invest...
154
annual_report
HelvetiaHoldingAG-AR_2003
377
Patria has the right under certain conditions either to purchase all or some of those shares at market conditions or to designate a third-party purchaser.
25
annual_report