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5702
1,133
In 2019, 2018 and 2017 we recognized $4,659, $3,877 and $2,987, respectively, in compensation expense related to the restricted stock and restricted stock unit awards. At December 31, 2019, we had $3,512 in compensation expense that has yet to be recognized through our results of operations related to the restricted st...
81
10K
2490
4,374
The Company’s insurance company subsidiaries, other than Mt. McKinley, which is in runoff, currently hold an “A+ (“Superior”)” financial strength rating from A.M. Best. Everest Re, Bermuda Re and Everest National hold an “AA- (“Very Strong”)” financial strength rating from Standard & Poor’s. Everest Re and Bermuda Re h...
284
10K
5785
1,296
With the assistance of our fair value specialists, we compared management’s unobservable inputs to external sources, and for a sample of the investments, developed independent estimates of the fair value and compared our estimates to the Company’s estimates.
38
10K
5797
1,962
Reserves for losses and loss adjustment expenses represent our best estimate of the ultimate cost of settling reported and unreported claims and related expenses. As discussed previously, the estimation of loss and loss expense reserves is based on various complex and subjective judgments.
43
10K
4753
1,544
The Company has limited direct European exposure, totaling only 8% of total invested assets as of December 31, 2013. The following tables present the Company’s European securities included in the Securities by Type table above. The Company identifies exposures with the issuers’ ultimate parent country of domicile, whic...
136
10K
GjensidigeForsikringASA-AR_2015
0
Superior customer experiences and efficient operations in 2015 contributed to record-high customer satisfaction and the best-ever underwriting result for Gjensidige.
20
annual_report
2834
961
Scheduled maturities at December 31, 2005 of long-term debt for the next five years were as follows:
17
10K
NatwestGroupPLC-AR_2012
1,399
UK Corporate Manufacturing and infrastructure 0.1 0.1 0.3 Property and construction 3.6 5.9 11.4 Transport 3.8 4.5 5.4 Financial institutions 0.2 0.6 0.8 Lombard 0.4 1.0 1.7 Other 4.2 7.5 7.4 Total UK Corporate 12.3 19.6 27.0
37
annual_report
StandardLifeAberdeenPLC-AR_2018
3,249
Equity securities and interests in pooled investment funds at FVTPL 501 331 – 10,327 1,353 80,099 176 8,263 2,030 99,020
20
annual_report
5071
4,462
We sponsor several defined contribution plans for U.S. employees that provide for pre-tax salary reduction contributions by employees. The most significant plan is the AIG Incentive Savings Plan, for which the Company’s matching contribution is 100 percent of the first six percent of a participant’s contributions, subj...
127
10K
StorebrandASA-AR_2013
951
Storebrand does not have any written provisions concerning the rotation of Nomination Committee members. The Articles of
17
annual_report
1070
418
* And a $1.8 million loss attributable to Vidler Water Company, Inc. ("Vidler") and Nevada Land and Resources Company LLC ("NLRC");
21
10K
HannoverRueckSE-AR_2012
2,817
Hannover Re Consulting Services India Private Limited C&B Square Sangam Complex Unit 502, 5th Floor Andheri-Kurla Rd, Andheri (East) Mumbai 400059
21
annual_report
AegonNV-AR_2015
5,065
On September 1, 2015, Aegon completed the sale of Clark Consulting following regulatory approval. The agreement to sell Clark
19
annual_report
1583
732
Effective January 1, 1998, the Company's noncontributory pension plan was converted into a defined contribution 401(k) savings plan, or the Plan. Employees become eligible to participate in the Plan after six months of service. Based on the provisions of the Plan, participants may contribute up to 15% of their pre-tax ...
66
10K
gb_lloyds_banking_grp-AR_2018
6,184
2 Other comprises sub‑investment grade (2018: £1,920 million; 2017: £1,878 million) and not rated (2018: £344 million; 2017: £340 million) .
21
annual_report
4778
1,470
The Portfolio Company Corporate and Other segment primarily consists of our share in the operations of certain equity investments, including Ceridian, Digital Insurance and other smaller operations which are not title related.
32
10K
fr_axa-AR_2006
2,640
Current accident year loss ratio (net) 63.6% 65.1% 65.1% 67.7% 67.7%
11
annual_report
3777
1,078
The Company currently files income tax returns in the U.S. federal jurisdiction, various states, and foreign jurisdictions. The U.S. Internal Revenue Service (IRS) has completed exams on the consolidated income tax returns for fiscal years 2007 and prior. The Company’s 2008 tax return is under advance review by the IRS...
98
10K
3757
2,608
The following table reflects a summary of obligations and commitments outstanding, including both the principal and interest portions of long-term debt and capital leases, with payment dates as of June 30, 2008.
32
10K
1946
1,070
We have audited the accompanying consolidated balance sheets of Travelers Property Casualty Corp. and subsidiaries as of December 31, 2002 and 2001, and the related consolidated statements of income (loss), changes in shareholders’ equity and cash flows for each of the years in the three-year period ended December 31, ...
77
10K
gb_prudential-AR_2007
2,816
Expected tax rates shown in the table above reflect the corporate tax rates generally applied to taxable profits of the relevant country jurisdictions. For Asian operations the expected tax rates reflect the corporate tax rate weighted by reference to the source of profits of the operations contributing to the aggregat...
93
annual_report
4305
1,418
The Company’s investment portfolios primarily consist of investment grade fixed maturity securities. The fair value of these investments was $45.5 billion and $40.4 billion at December 31, 2010 and 2009, respectively. The fair value of these and other invested assets fluctuates depending on the interest rate environmen...
75
10K
AvivaPLC-AR_2020
4,927
Adjustment to tax charge in respect of prior years (9) (2) Non-assessable dividend income (20) (303) Losses surrendered intra-group for nil value 25 31 Tax on interest amounts charged direct to equity (5) —
34
annual_report
5098
1,563
Net Written Premium. Net written premium increased $947.1 million, or 101.3%, to $1,882.4 million from $935.3 million for the years ended December 31, 2014 and 2013 , respectively. The increase in net premium resulted from an increase in gross written premium for the year ended December 31, 2014 compared to the year en...
110
10K
AegonNV-AR_2012
3,329
Any reasonably possible changes in the other assumptions Aegon uses to determine EGP margins (i.e. maintenance expenses, inflation and disability) would reduce net income by less than EUR 39 million (per assumption change) (2011: EUR 37 million).
37
annual_report
HelvetiaHoldingAG-AR_2008
725
Helvetia Group does not expect the first-time application of IFRS 8 and IAS 1 as revised to have any significant impact on the consolidated financial statements, as this will primarily affect the type and extent of disclosure. Due to the changes to IAS 16 and IAS 40, the Annual Improvements Project will mean that a lar...
100
annual_report
5021
916
The guaranteed cost medical care ratio increased slightly in 2014, compared with 2013, due to a higher medical care ratio in the U.S. individual business and the exit from the limited benefits business, offset by rate increases to cover new taxes and fees mandated by Health Care Reform.
48
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007
1,006
Combined ratio legal expenses insurance % 94.5 95.3 99.8 98.9 99.2
11
annual_report
5689
1,028
Atlas is exposed to credit risk on balances receivable from insureds and agents. Credit exposure to any one individual insured is not material. The policies placed with risk taking partners are distributed by agents who may manage cash collection on its behalf pursuant to the terms of their agency agreement. Atlas has ...
83
10K
4329
1,121
On July 31, 2008, we executed $100 million in senior credit facilities (the “Credit Facilities”). The Credit Facilities included a $65.0 million term loan facility, which was fully funded upon the closing of our ProCentury Merger and a $35.0 million revolving credit facility, which was partially funded upon closing of ...
210
10K
gb_prudential-AR_2010
5,166
ii The weighted risk discount rates for Asian operations shown above have been determined by weighting each country’s risk discount rates by reference to the EEV basis new business result and the closing value of in-force business.
37
annual_report
ASRNederlandNV-AR_2018
4,966
Management Approach 2018 Disclosure on management approach Ch. 1.4, 2.2, 2.3, 4.3 (p. 17, 28, 31, 56-61)
17
annual_report
3025
1,574
Under the Plans, the Company’s Board of Directors may grant performance or other restricted stock awards to key employees. The Company’s Board of Directors may make the issuance of common stock subject to the satisfaction of one or more employment, performance goals or period, purchase or other conditions. During the y...
105
10K
HannoverRueckSE-AR_2020
432
(b) Given the significance of premium reserves, as part of our audit we worked with our actuaries to assess the methods used by the Company and the assumptions made by the executive directors. The assessment was based on our industry expertise and experience, among other things.
46
annual_report
ch_zurich_insurance_group-AR_2008
486
(incl. the highest paid) as of December 31 in USD millionAll GEC members 1
14
annual_report
AegonNV-AR_2012
5,085
Derivatives with negative values not designated as hedges 16,830 - 11,697 -
12
annual_report
5045
912
This tax compliance issue impacts our policyholders and their tax liabilities relative to these products that fail 7702 and 72(s) for those that will not be remediated. The exposure related to future sales or products in force is unknown at this time. Policyholders
43
10K
5327
1,921
Substantially all of the Company’s consolidated premiums, universal life and investment-type product policy fees and other revenues originated in the U.S.
21
10K
gb_prudential-AR_2011
1,938
Michael McLintock M&G Executive LTIP 2008 1,141 2,990 – 31 Dec 10
12
annual_report
TrygAS-AR_2009
236
The 2009 expense ratio was impacted by costs in connection with The
12
annual_report
212
595
1. The directors also hold certain options to purchase shares of the Registrant's Common Stock as described above under "Directors' Compensation."
21
10K
5321
4,275
In addition to the above committed facilities, see also “- Other Notes” for information about the undrawn line of credit facility in the amount of $100 million.
27
10K
5825
583
This Overview of the MD&A highlights selected information and may not contain all of the information that is important to readers of this Annual Report. Hence, this Overview is qualified by the information that appears elsewhere in this Annual Report, including the other portions of the MD&A.
47
10K
DirectLineInsuranceGroupPLC-AR_2012
2,090
The objectives set out in the investment management minimum standard are: • to maintain the safety of the portfolio’s principal both in economic terms and from an accounting and reporting perspective; • to maintain sufficient liquidity to provide cash requirements for operations; and
43
annual_report
5490
2,752
All references to Fiscal 2017, 2016 and 2015 refer to fiscal periods ended September 30, 2017, 2016 and 2015, respectively.
20
10K
TrygAS-AR_2008
1,816
Profit on continuing business 2,267 Profit/loss on discontinued and divested business -1
12
annual_report
HannoverRueckSE-AR_2012
1,294
Life and health reinsurance Gross premium growth 8 5 – 7%
11
annual_report
gb_prudential-AR_2010
2,391
Equity and interest rate risk Prudential faces equity risk and interest rate risk because most of its assets are investments that are either equity type investments and subject to equity price risk, or bonds, mortgages or cash deposits, the values of which are subject to interest rate risk. The amount of risk borne by ...
168
annual_report
StandardLifeAberdeenPLC-AR_2012
378
Aberdeen solutions We have spent much of the period putting structure in place in respect of products and staff to enable us to present coherent and competitive products.
28
annual_report
4032
1,068
At our corporate headquarters in Philadelphia, Pennsylvania, we lease approximately 151,697 square feet of office space and 1,240 square feet of space for data storage under a lease that expires in August 2017. In addition, we also lease the following.
40
10K
4310
4,429
MetLife is organized into five segments: Insurance Products, Retirement Products, Corporate Benefit Funding and Auto & Home (collectively, “U.S. Business”) and International. The assets and liabilities of ALICO as of November 30, 2010 and the operating results of ALICO from the Acquisition Date through November 30, 201...
99
10K
DirectLineInsuranceGroupPLC-AR_2018
1,226
Additional information The Committee has unrestricted access to management and external advisers to help discharge its duties. It is satisfied that in 2018 it received sufficient, reliable and timely information to perform its responsibilities effectively.
35
annual_report
NatwestGroupPLC-AR_2012
5,140
Discount rate 4.5 5.0 5.5 4.4 5.2 5.4 Expected return on plan assets 5.3 5.7 6.7 5.3 5.6 6.3 Rate of increase in salaries 1.8 1.8 1.8 1.7 2.0 2.0 Rate of increase in pensions in payment 2.8 3.0 3.3 2.6 2.9 3.0 Inflation assumption 2.9 3.0 3.3 2.8 3.0 3.2
51
annual_report
5493
3,597
Corporate & Other contains the excess capital, as well as certain charges and activities, not allocated to the segments, including external integration and disposition costs, internal resource costs for associates committed to acquisitions and dispositions, enterprise-wide strategic initiative restructuring charges and...
164
10K
4138
905
The following table highlights the effects that our reinsurance transactions have on Unpaid Losses and Loss Adjustment Expenses and Unearned Premiums in our Consolidated Balance Sheets:
26
10K
PhoenixGroupHoldingsPLC-AR_2018
2,434
Acquisition of Standard Life Assurance subsidiaries, net of cash acquired H2.1 1,607 –
13
annual_report
4230
1,431
We analyze performance of the segments and Corporate and Other operations of the Financial Services Businesses using a measure called adjusted operating income. See “-Consolidated Results of Operations-Segment Measures” for a discussion of adjusted operating income, including the change we made to this measure in the t...
60
10K
StorebrandASA-AR_2004
1,168
Net cash flow from operational activities -2 758.5 1 049.1 -1 241.4 -7 148.8 43.6 3 436.7
17
annual_report
3655
1,156
A summary of other investments as of December 31, 2008 follows (in millions).
13
10K
gb_prudential-AR_2010
31
• New business profit up 24 per cent to £902 million
11
annual_report
3951
250
You should read the following discussion together with "Selected Historical Financial Data" and our consolidated financial statements and the related notes included elsewhere in this Annual Report. This discussion contains forward-looking statements, which involve risks and uncertainties. Our actual results may differ ...
68
10K
4923
1,410
Days claims payable ("DCP") for the year ended December 31, 2014 was 61.2 days compared with 40.4 days for the year ended December 31, 2013. Adjusted DCP, which we calculate in accordance with the paragraph below, for the year ended December 31, 2014 was 77.2 days compared with 58.7 days for the year ended December 31,...
93
10K
2297
824
• $18.6 million loss during the second quarter of 2001 on securities issued by a global integrated web hosting, data, and telecommunications company, after the company unexpectedly declined to make an interest payment on another senior note in May 2001 even though the company had sufficient available cash. The write-do...
109
10K
AvivaPLC-AR_2004
1,870
Equity instruments A financial instrument is treated as equity if: (i) there is no contractual obligation to deliver cash or other financial assets or to exchange financial assets or liabilities on terms that may be unfavourable; and
37
annual_report
1940
546
Other income consists of fees and interest income, including income earned while we hold client premiums on behalf of insurance companies. In 2002, $7.7 million, or 3.5% of our total revenue, was derived from other income.
36
10K
4928
1,049
The Company holds an ownership interest in excess of 40%, but not a controlling interest, in Script Relief LLC ("Script Relief"), a Delaware limited liability company. Script Relief operates a direct to consumer pharmacy benefit business, including discount card offerings
40
10K
fr_axa-AR_2013
2,386
The proportion of women within the Board of Directors was 35.7% on December 31, 2013. The Board’s composition therefore complies with the provisions of law n° 2011-103 of
28
annual_report
3669
1,083
Included within future policy benefits are liabilities for GMDB and GMIB provisions contained in the variable products that the Company issues. At December 31, 2008 and 2007, GMDB and GMIB liabilities included within future policy benefits were as follows:
39
10K
5560
964
In March 2017, the FASB issued guidance that reduces the amortization period for the premium on certain purchased callable debt securities to the earliest call date. The guidance applies specifically to noncontingent call features that are callable at a predetermined and fixed price and date. The accounting for purchas...
162
10K
4732
1,070
We use a two-step process to review goodwill for impairment. The first step is a screen for potential impairment, and the second step measures the amount of impairment, if any. Our strategy, long-range business plan, and annual planning process support our goodwill impairment tests. These tests are performed, at a mini...
257
10K
fr_axa-AR_2019
8,154
As pension liabilities have a long-term nature, a mix of equity instruments, debt instruments, investment funds and real estate investments is used in Plan Assets.
25
annual_report
1801
702
Reserve liabilities assumed by Central Reserve under the United Benefit Life agreement on August 1, 1998 exceeded the cash transferred to Central Reserve by United Benefit Life as reimbursement for this assumption by $3.0 million, which was reflected in a note receivable. Subsequent to August 1, 1998, the balance of th...
112
10K
1829
405
The increase in worldwide property catastrophe reinsurance gross premium writings for 2001 compared to 2000 resulted primarily from reinstatement premiums of $14.4 million generated by reinstated coverages on assumed contracts impacted by losses from the September 11th terrorist attacks.
39
10K
gb_prudential-AR_2016
2,873
Determination of fair value The Group uses current bid prices to value its investments with quoted prices. Actively traded investments without quoted prices are valued using prices provided by third parties as described further in note C3.1.
37
annual_report
SwissLifeHoldingAG-AR_2011
2,428
In order to continue to finance the insurance business, CHF 200 million was made available to Swiss Life Ltd and CHF 87 million to Swiss Life International Holding AG, which comprises the foreign insurance companies. The total value of participations thus grew from CHF 3258 million to CHF 3545 million.
50
annual_report
2621
851
At December 31, 2003, Financial Security Assurance Holdings Inc. (as a separate holding company, "FSA Holdings") held $152.9 million of surplus notes of FSA. During 2004, FSA repaid $44.0 million of those surplus notes. At December 31, 2004, FSA Holdings held $108.9 million of FSA surplus notes. Payments of principal o...
81
10K
4551
1,673
The following tables present, at December 31, 2012 and 2011, for each of the fair value hierarchy levels, the Company’s international and US non-qualified pension plan assets that are measured at fair value on a recurring basis.
37
10K
ASRNederlandNV-AR_2018
2,468
In € millions Acquisition date balance sheet based on fair value
11
annual_report
gb_prudential-AR_2005
745
Capital invested in business units: Total capital invested in business units (418) (347)
13
annual_report
2997
782
The aggregate carrying value of the Company’s investment portfolio, including assets pledged for short-sale obligations, was $3,926,276 and $3,720,538 at December 31, 2006 and 2005, respectively, and is comprised of available-for-sale securities, other invested assets, short-term investments and cash and cash equivalen...
42
10K
70
593
Kemper Corporation renegotiated the short-term portion of its committed lines of credit with certain banks effective October 27, 1994. The lines of credit total $317.5 million, with $155.0 million expiring October 22, 1995 and $162.5 million expiring November 1, 1996. These lines would not be available upon a change in...
108
10K
AvivaPLC-AR_2018
1,888
We performed the following: • We assessed the changes to the methodology as a result of adopting the new model relative to relevant rules and actuarial guidance, including understanding the rationale for any differences identified in the liabilities between the new and existing models.
44
annual_report
4359
866
Accumulated other comprehensive loss increased $453 million since December 31, 2010, primarily reflecting the following:
15
10K
HannoverRueckSE-AR_2010
1,175
Currency risks are especially relevant if there is a currency imbalance between the technical liabilities and the assets.
18
annual_report
2573
891
Net premiums earned on policies written through unaffiliated underwriting agencies were $30.7 million for the year ended December 31, 2003, an increase of $8.9 million or 40.8% as compared to net premiums earned of
34
10K
2887
566
While net income and net income available to common stockholders excluding the non-recurring Legal Settlement and New Mountain Transaction items are not measures of financial performance under U.S. generally accepted accounting principles, they are provided as information for investors for analysis purposes in evaluati...
150
10K
3515
740
In September 2006, the FASB issued FAS No. 157, “Fair Value Measurements” (“FAS No. 157”). FAS No. 157 provides guidance for using fair value to measure assets and liabilities whenever other standards require (or permit) assets or liabilities to be measured at fair value. FAS No. 157 does not expand the use of fair val...
59
10K
Sampoplc-AR_2016
730
During 2016, the number of staff in P&C insurance remained stable. The number of employees decreased in Finland and Norway and increased in Sweden and
25
annual_report
LloydsBankingGroupPLC-AR_2001
1,407
Cash and balances with central banks 1,240 1,027 Loans and advances to banks repayable on demand 2,443 2,794 aaaaaffffffffffffffffffffffffff aaaaaffffffffffffffffffffffffff 3,683 3,821afffffffffffffffffffffffffff afffffffffffffffffffffffffff The Group is required to maintain balances with the Bank of England which, at ...
47
annual_report
GjensidigeForsikringASA-AR_2012
1,132
Capital management The core function of insurance is the transfer of risk, and the Group is exposed to risk in both its insurance and investment operations. Identification, measurement and management of risk are essential parts of the operations. Any insurance company must adapt its risk exposure to its capital base. O...
110
annual_report
2387
1,166
We may determine that certain loss or salvage/subrogation activity is beyond the scope of what was anticipated in the initial establishment of loss reserves. In this case, an explicit adjustment would be made to IBNR to reflect this activity directly as a change in IBNR.
45
10K
5634
4,617
Represents the impact in the states where rate changes were approved during the period as a percentage of their respective total prior year-end premiums written in those same locations.
29
10K
gb_prudential-AR_2004
90
Two directors left the Board in 2004: Sandy Stewart in May and Bart Becht in August; and I would like to thank them both for their contribution.
27
annual_report
AegonNV-AR_2019
6,659
The provisions as at December 31, 2019 mainly consist of litigation provisions of EUR 90 million (2018: EUR 198 million)
20
annual_report
3904
467
Aaa-rated, and our below Aaa-rated CMBS were transferred to Level 3. For further discussion of transfers into and out of Level 3, see Note 7 of the consolidated financial statements.
30
10K
985
536
The costs of Hartford Life's Year 2000 program that were incurred through the year ended December 31, 1997 were not material to Hartford Life's financial condition or results of operations. The after-tax costs of Hartford Life's Year 2000 efforts for the year ended December 31, 1998 were approximately $4. Management cu...
78
10K
NatwestGroupPLC-AR_2020
967
• Colleague sentiment on inclusivity remains high at 90 points, 17 points above the GFSN and 13 points above GHPN.
20
annual_report
gb_lloyds_banking_grp-AR_2005
459
The Group liaises with the pension scheme trustees with regard to strategies for the overall mix of pension assets.
19
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2013
118
Year-end closing price € 160.15 136.00 Annual performance (excluding dividend) % 17.8 43.5 Beta 250 relative to DAX (daily, raw) % 1.0 0.9 Market capitalisation at 31 December €bn 28.7 24.4 Market value/equity at 31 December1 1.1 0.9 Average trading volume ’000 667 796 Earnings per share2 € 18.50 17.94 Dividend per sha...
78
annual_report