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
1295
533
Net losses and loss adjustment expenses (net of reinsurance recoveries) increased by 35.4% in 1998 to $7.0 million compared to $5.2 million in 1997. This increase reflected the growing amount of the Company's insurance in force
36
10K
5677
722
Effective January 1, 2019, the Company adopted new Financial Accounting Standards Board (“FASB”) guidance intended to better align hedge accounting with an organization’s risk management activities. The new guidance expands hedge accounting to nonfinancial and financial risk components and revises the measurement metho...
111
10K
ScorSE-AR_2015
1,731
Exposures to major risks are monitored on a regular basis and stress tests measure the impact of parametric or footprint scenarios on the invested assets portfolio. These scenarios cover changes in interest rates, inflation, equities, credit spreads and real estate market. Portfolio sensitivity analysis to major risks ...
61
annual_report
4500
1,899
On May 1, 2009, our Gibraltar Life operations acquired Yamato Life, a Japanese life insurance company that declared bankruptcy in October 2008. Gibraltar Life served as the reorganization sponsor for Yamato and under the reorganization agreement acquired Yamato by contributing $72 million of capital to Yamato. Concurre...
107
10K
1003
216
On an historical basis, the Company has generated positive cash flow from operations. For 1998, net cash provided by operating activities amounted to $21.9 million, compared with $1.6 million for 1997. The increase in cash flows from operations in 1998 compared to 1997 was due primarily to an increase in
50
10K
4057
1,886
Our Fee-based Business earns revenues and generates cash by providing claims adjusting, managed care and risk control services to customers and by placing insurance business with other third party insurance and reinsurance companies. Revenues for our Fee-based Business were $80.8 million in 2009, compared to $71.6 mill...
136
10K
INGGroepNV-AR_2017
1,613
Basis for Opinion The Company’s management is responsible for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in the accompanying Report of the Executive Board on internal control over financial reporting....
107
annual_report
864
927
In December 1997, the Company entered into an agreement with Chase Manhattan Bank for a $3.5 million five-year, secured term loan and during the nine months ended September 30, 1998, the Company made principal payments totaling $0.4 million. The loan agreement called for interest at the London Interbank Offered Rate ("...
124
10K
5271
598
Net realized gains increased $11.8 million and $15.8 million, respectively, when compared to the same 2015 and 2014 periods. During the fourth quarter of 2016, we redeemed a limited partnership investment in international equities that had been classified as other invested assets. The redemption proceeds were reinveste...
139
10K
ScorSE-AR_2017
1,442
●● of which potential shares from other securities convertible or redeemable into new shares (2) 19,198,044
16
annual_report
4974
1,323
1.125% Warrants. In connection with the 1.125% Notes Call Spread Overlay transaction described in Note 13, "Derivative Financial Instruments," we issued 13,490,236 warrants with a strike price of $53.8475 per share. The number of warrants and the strike price are subject to adjustment under certain circumstances. If th...
185
10K
2557
998
PREMIUM REVENUE RECOGNITION Upfront premiums are earned in proportion to the expiration of the related risk. Therefore, for transactions in which the premium is received upfront, premium earnings are greater in the earlier periods when there is a higher amount of exposure outstanding. The upfront premiums are apportion...
172
10K
fr_axa-AR_2006
4,608
14.9.2. Components of insurance contract liabilities The table below and related comments exclude contracts where financial risk is borne by policyholders (unit-linked contracts).
23
annual_report
1704
530
The liabilities for environmental and latent injury claims and claims expenses net of reinsurance recoverables were approximately $6.3 billion at December 31, 2001. Approximately, $5.0 billion of these reserves were assumed under retroactive reinsurance contracts written by the Berkshire Hathaway Reinsurance Group. Cla...
68
10K
GjensidigeForsikringASA-AR_2015
2,908
Other provisions and liabilities Restructuring costs 1 85.8 7.1 Other provisions 250.1 238.4 Total other provisions and liabilities 335.8 245.5
20
annual_report
2561
975
The following tables summarize the range of exercise prices of options outstanding at December 31, 2004 and 2003:
18
10K
1095
520
The results of operations in the consolidated financial statements of the Company include the following number of months of operations of the Companies acquired above:
25
10K
PosteItalianeSpA-AR_2020
7,603
Poste Italiane Group – Credit risk – Details of the provision to cover expected losses on financial instruments at FVTOCI
20
annual_report
ch_zurich_insurance_group-AR_2008
2,569
Table 2.7 in USD millions, for the year ended December 31, 2007
12
annual_report
5026
1,763
We are contesting adjustments resulting from the examination by the IRS of our 2000 through 2007 consolidated federal income tax returns. The IRS opposes the recognition of certain tax losses and deductions that were generated through our investment in a portfolio of non-economic REMIC residual interests and proposed a...
117
10K
4157
1,145
The following table presents the calculation of the Company’s net income per common share available to common stockholders - basic and diluted, for the years ended December 31, 2010, 2009, and 2008 (dollars in thousands, except share data):
38
10K
fr_axa-AR_2011
2,997
University, a trustee for Nanyang Technological University as well as a Fellow of the Singapore Institute of Directors.
18
annual_report
2220
1,401
Target allocations of assets are determined with the objective of maximizing returns and minimizing volatility of net assets through adequate asset diversification and partial liability immunization. Adjustments are made to target allocations based on the Company's assessment of the impact of economic factors and marke...
46
10K
4061
929
Triad will establish an escrow account at least equal to the DPO balance and any associated carrying charges;
18
10K
3092
562
The Company’s wholly owned business trust subsidiaries, UNG Trust I, UNG Trust II, Penn Trust I, and Penn Trust II, are not consolidated pursuant to FIN 46R. These business trust subsidiaries have issued $60.0 million in floating rate capital securities and $1.9 million of floating rate common securities. The sole asse...
89
10K
StandardLifeAberdeenPLC-AR_2020
2,031
Directors’ liability insurance During 2020, the Company maintained directors’ and officers’ liability insurance on behalf of its directors and officers to provide cover should any legal action be brought against them. The Company also maintained pension trustee liability indemnity policies (which includes third party i...
63
annual_report
LloydsBankingGroupPLC-AR_2013
6,216
Participants are not entitled to any dividends paid during the vesting period.
12
annual_report
2739
294
Investments. The Company monitors its available-for-sale fixed maturities and equity securities to assure they are strategically positioned within the current market environment. This practice has historically resulted in holding significant equity security positions, which tend to dampen current income yields in favor...
47
10K
AegonNV-AR_2017
4,525
Individual savings and retirement products 1,743 - - - - - - 1,743
13
annual_report
SwissReAG-AR_2014
573
the first three quarters of the year, while sales of disability products have been flat. Long-term care insurance had a sharp decline of 20% (the first-ever decline in this line of business). In Italy, on the other hand, protection sales increased by around 3%.
44
annual_report
NatwestGroupPLC-AR_2014
9,261
• Do not get into a conversation, note the name of the person and firm contacting you and then end the call.
22
annual_report
1657
2,212
the Company evaluates its estimates, including those related to allowances for
11
10K
1298
765
The total cost of the Project was $25.4 million. The Company does not expect to incur any material future costs on the Project.
23
10K
NatixisSA-AR_2013
5,559
Fair value of the indexed cash unit at the valuation date
11
annual_report
1736
750
unamortized goodwill in the amount of $19,407, which will be subject to the transition provisions of SFAS Nos. 141 and 142. Goodwill amortization expense was $977 in 2001.
28
10K
INGGroepNV-AR_2014
2,995
Where discounting was used in the calculation of life insurance provisions, the rate was within the range 2.3% to 4.0% in 2013 based on weighted averages.
26
annual_report
RaiffeisenBankInternationalAG-AR_2009
2,331
Banks are as active players in the world’s financial markets inherently exposed to their risks. For this reason, the ability of Raiffeisen International to identify and measure risks, to monitor and to manage them is decisive for the long-term success of the Group. Risk control in this process thus anticipates changing...
91
annual_report
4016
1,555
The fair value of debentures classified as long-term debt is based on quoted market prices. Debt instruments issued by variable interest entities that Ambac consolidates as required by ASC Topic 810 are included in long-term debt on the balance sheet and reported at fair value. The fair values of VIE debt instruments a...
132
10K
LloydsBankingGroupPLC-AR_2019
1,690
Committee meetings are generally held prior to Board meetings, with the Chairman of each Committee then reporting matters discussed to the Board
22
annual_report
PosteItalianeSpA-AR_2016
5,882
Determination of the amounts to be provided involves the use of estimates based on current knowledge of factors that may change over time, potentially resulting in outcomes that may be significantly different from those taken into account when preparing this Separate Report.
42
annual_report
ScorSE-AR_2016
1,629
Partners and Senior Global Partners and half of the allocations awarded to the other Partners (below Senior Global Partners), are subject to the satisfaction of performance conditions.
27
annual_report
3103
5,296
Change in net unrealized gains (losses) on investments, net of income tax $(4,856)
13
10K
4921
1,183
The P&C insurance and reinsurance markets have historically been cyclical, meaning that based on market conditions, there have been periods where premium rates are high and policy terms and conditions are more favorable to us (a “hard market”) and there have been periods where premium rates decline and policy terms and...
124
10K
5493
4,022
For its life products, the Company has historically reinsured the mortality risk primarily on an excess of retention basis or on a quota share basis. For the periods presented, the Company reinsured 90% of the mortality risk in excess of $2 million for most products. In addition to reinsuring mortality risk as describe...
169
10K
2931
416
Basic earnings per common share is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per common share is computed based on the weighted average number of shares outstanding plus the dilutive effect of common stock eq...
58
10K
3574
1,293
Prior to January 1, 2006, the Company accounted for its share-based employee compensation plans under the measurement and recognition provisions of Accounting Principles Board Opinion No. 25, "Accounting for Stock Issued to Employees" ("APB 25") and related Interpretations, as permitted by FAS No. 123, "Accounting for ...
82
10K
AdmiralGroupPLC-AR_2018
1,042
• Leads the communication programme with shareholders and other key stakeholders, including staff.
13
annual_report
4502
1,192
Fair value measurements for the Pension Plans’ assets at December 31, 2011 is summarized below:
15
10K
fr_axa-AR_2008
99
In 1982, les Mutuelles Unies took control of Groupe Drouot and following this transaction, the new Group began operating under the name of AXA.
24
annual_report
NatwestGroupPLC-AR_2013
777
The Group Nominations Committee engages with external consultants, considers potential candidates and recommends appointments of new directors to the Board. The terms of reference of the Group Nominations Committee are reviewed annually and approved by the Board and are available at rbs.com
42
annual_report
5910
1,233
(3)Included in other long-term investments is an investment fund that reports the Pension Plan's pro-rata share of the limited partnership's net asset value per share or its equivalent (NAV), as a practical expedient for fair value. The Pension Plan owns less than 1% of the investment fund. As of December 31, 2020, the...
76
10K
3704
2,985
regulatory changes in risk-based capital or other standards that affect the cost of, or demand for, our products or otherwise affect our ability to conduct business, including any future action with respect to our business taken by the Pennsylvania Insurance Department or any other state insurance department;
47
10K
AvivaPLC-AR_2019
5,179
The methodology underlying the calculation of VNB remains unchanged from the prior year. For 2018, new business written contributed to the calculation of the UK Life’s transitional measures (in line with the clarification issued by the PRA in 2017), but this is no longer applicable to the Group in 2019.
50
annual_report
5918
838
As of December 31, 2020 and 2019, the Company had recorded liabilities of approximately $5 million related to guarantee and indemnification agreements. Management does not believe that any future indemnity claims will be significantly greater than the amounts recorded.
39
10K
5501
2,784
The following financial strength ratings represent each rating agency’s opinion of our principal insurance subsidiaries’ ability to pay obligations under insurance policies and contracts in accordance with their terms and are not evaluations directed toward the protection of investors in our securities. Financial stren...
74
10K
NatixisSA-AR_2011
4,952
5 FINANCIAL DATA Consolidated fi nancial statements and notes 6.5 Held-to-maturity financial assets
13
annual_report
2556
927
Management believes that all gross deferred tax assets at December 31, 2004 are fully realizable and no valuation reserve was established.
21
10K
5958
3,392
Subsequent to the announcement of the pending sale of ALIC and certain affiliates, Moody’s downgraded the insurance financial strength rating for ALIC and AAC to A3 from A2 and placed these under review for potential further downgrade.
37
10K
3131
1,094
This table shows the result of our calculation based on target asset allocation for year-end 2006. The actual return for the 2006 calendar year (15.3%) was in excess of the assumed return.
32
10K
ch_zurich_insurance_group-AR_2006
1,852
The key assumption changes represented by each of these sensitivities are as follows: Economic sensitivities
15
annual_report
INGGroepNV-AR_2006
1,895
The total amount of changes in fair value estimated using a valuation technique recognised in net profi t in 2006 was EUR 307 million for techniques supported by market inputs and EUR 19 million for techniques not supported by market inputs.
41
annual_report
4267
533
In 2010, net losses incurred were $1,608 million, of which $1,875 million related to current year loss development and ($267) million related to favorable prior years’ loss development. In 2009, net losses incurred were $3,379 million, of which $2,913 million related to current year loss development and $466 million re...
72
10K
642
367
In the first quarter of 1997, the Company decided to stop selling small group insurance plans in California, Maryland, and New Jersey and to terminate existing small group insurance plans in these states. In addition, the Company began the introduction of a new product in April 1997 and as of December 1997 is offering ...
137
10K
953
946
The following table presents the carrying values of the Company's investments in common stocks and limited partnership interests at the dates indicated. Included in common stocks at December 31, 1998 and 1997 are $19.1 million and $0.8 million, respectively, of non-marketable private equity securities.
44
10K
1446
771
The following is the market value of the common shares and preferred shares based on the December 31, 2000 and 1999 closing price of HyperFeed common stock:
27
10K
2449
1,138
L ife insurance premiums are recognized as revenues when due. Property and casualty insurance premiums, less amounts ceded to reinsurers, are recognized on a pro rata basis over the terms of the policies. Reinsurance premiums assumed are recognized as reported by the ceding company.
44
10K
1238
493
Unrealized gains (losses) are computed as the difference between estimated fair value and amortized cost for debt securities classified as available-for-sale or cost for equity securities. A summary of the change in unrealized gains/losses, less deferred income taxes, which is included in accumulated other comprehensiv...
50
10K
5170
1,295
At December 31, 2015, our best estimate of the life insurance premiums required to keep the policies in force, payable in the 12 months ending December 31, 2016 and the four succeeding years ending December 31, 2020 is $17.9 million, $17.9 million, $17.9 million, $18.1 million, and $17.0 million, respectively.
50
10K
4558
991
The auction rate securities held in non-Modco portfolios are classified as a Level 2 or Level 3 valuation. An unrealized loss of $44.0 million and $42.7 million was recorded as of December 31, 2012 and December 31, 2011, respectively, and we have not recorded any other-than-temporary impairment because the underlying c...
194
10K
AegonNV-AR_2006
1,327
States may not be able to require the company to pay the amount of the judgment unless a competent court in the Netherlands gives binding effect to the judgment. It may, however, be possible for a US
37
annual_report
AegonNV-AR_2009
4,912
USD 6 billion debt issuance program at a price of 98.87. The notes carry a coupon of 6.625%.
18
annual_report
ch_zurich_insurance_group-AR_2007
608
Management is responsible for the identification, evaluation and control of significant risks. The Group manages risks throughout the organization, under direction of the senior management. Zurich has Groupwide risk management policies, common methods and tools for assessing and modeling risks. The Group risk assessmen...
121
annual_report
RaiffeisenBankInternationalAG-AR_2019
5,918
Tier 1 ratio – Tier 1 capital to total risk-weighted assets (total RWA).
13
annual_report
4094
1,201
earnings, as an increase to interest expense. In addition, we have amounts recorded in accumulated other comprehensive income for certain forward starting pay fixed swaps that were terminated in prior years. The hedged debt securities have maturity dates ranging from 2014 to 2036.
43
10K
de_allianz-AR_2006
2,675
Futures Standardized contracts for delivery on a future date, traded on an exchange. Normally, rather than actually delivering the underlying asset on that date, the difference between closingmarket value and the exercise price is paid.
35
annual_report
5108
2,259
During June 2013, we redeemed the remaining 4,000,000 Series A preferred shares outstanding, for an aggregate liquidation preference of $100 million. In connection with this redemption, we recognized a $3 million loss.
32
10K
540
495
PXRE relies primarily on cash dividends and net tax allocation payments from its subsidiaries PXRE Reinsurance and Transnational Reinsurance to pay its operating expenses, to meet its debt service obligations and to pay common stock dividends to PXRE's stockholders. The payment of dividends by PXRE Reinsurance to PXRE,...
92
10K
3121
777
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. The Company is not r...
169
10K
3992
11,047
Surplus notes due to related parties increased $25 million in 2009 compared to December 31, 2008 and $450 million in 2008 compared to December 31, 2007 due to the issuance of surplus notes to related parties. In 2009, we issued and transferred a $25 million surplus note to an unconsolidated affiliate. In 2008, we issue...
111
10K
de_allianz-AR_2008
4,484
and share-based compensation plans into Allianz shares, as well as from the conversion of derivatives on own shares.
18
annual_report
2525
615
In December 2004, the FASB issued Statement No. 123R, Share-Based Payment, or Statement 123R, which requires companies to expense the fair value of employee stock options and other forms of stock-based compensation. This requirement represents a significant change because fixed-based stock option awards, a predominate ...
204
10K
5634
15,152
Excess contract reinsures personal lines property excess catastrophe losses caused by multiple perils in Florida. The contract is a two-year term contract effective June 1, 2018 to May 31, 2020 and provides $249 million of reinsurance limits each contract year. For the June 1, 2018 to May 31, 2019 term, the contract pr...
133
10K
5432
835
Net investment income increased by $2.4 million, or 90.0%, and $1.3 million, or 87.5%, in 2017 and 2016, respectively. The increases in net investment income for both periods were primarily due to a growth in the invested asset base.
39
10K
ch_zurich_insurance_group-AR_2005
299
Liabilities for investment contracts (unit linked) These represent portfolios maintained to meet specific investment objectives of policyholders who bear the investment risk. The assets are classified as fair value through the profit and loss. The liabilities are carried at fair value. The costs of policy administratio...
66
annual_report
5655
883
Investment income from fixed maturity securities accounted for approximately 87.0% of total investment income for the year ended December 31, 2018. We have increased our investment purchases of AA rated mortgage backed securities in the later part of 2018 as we reposition our distribution in various investment sectors ...
71
10K
de_allianz-AR_2013
1,104
Improving economic conditions in certain developed markets as well as trends in client demand represent a positive environment for further asset management industry growth. At the same time, industry profitability is expected to remain challenged as asset flows into passive products and growing expenses from higher dis...
67
annual_report
NatixisSA-AR_2012
4,125
The subsidiary Natixis Financial Products LLC (formerly Natixis Capital Markets North America) documents overall hedging of its interest rate risk in accordance with fair value hedging rules. To account for these transactions, the subsidiary applies the carve-out provisions of IAS 39 as adopted by the European Union. T...
110
annual_report
5851
6,175
The life insurance companies review and update estimated gross profit assumptions used to amortize DAC and related items (which may include VOBA, SIA and unearned revenue reserves) as well as assessments used to accrue guaranteed benefit reserves for investment-oriented products at least annually. Estimated gross profi...
132
10K
NatixisSA-AR_2012
2,359
The ALM Committee’s monitoring scope includes: V the banking portfolios of Natixis S.A. and of its credit subsidiaries for overall interest-rate risk; V Natixis’ entire scope of consolidation for liquidity risk, excluding insurance subsidiaries that do not present intrinsic liquidity risks and which are specifically mo...
63
annual_report
5864
1,005
Service agreement revenue consists of service charges we collect from policyholders for providing multiple payment plans on policies written by the Exchange and its property and casualty subsidiaries. Service charges, which are flat dollar charges for each installment billed beyond the first installment, are recognized...
78
10K
NatixisSA-AR_2006
2,740
Deposits in special savings schemes increased by 2.2% (average deposits up 2.6%), despite an outfl ow of €757 million or 4.7% in home purchase savings deposits, representing 43% of total customer deposits.
32
annual_report
NatwestGroupPLC-AR_2013
1,412
The Group sold a first tranche of ordinary shares representing 34.7% of the ordinary issued share capital of Direct Line Group (DLG) in October 2012 through an initial public offering. On 13 March 2013, the Group sold a further 16.8% of the ordinary issued share capital in DLG and ceded control. This fulfilled the Grou...
84
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2009
2,308
Breakdown of auditor’s fees 2009 prev. year €’000 audits of financial statements other assurance and appraisal services tax consultancy services other services Total
23
annual_report
3878
3,624
Including revenues from insurance operations in Canada of $1.4 billion, $1.3 billion and $1.1 billion in 2008, 2007 and 2006, respectively. Revenues are generally recorded based on the geographic location of the reporting unit.
34
10K
HannoverRueckSE-AR_2015
1,867
Hannover America Private Equity Partners II GmbH & Co. KG, Hannover / Germany 1 95.42 EUR 222,380 37,760
18
annual_report
SwissReAG-AR_2013
2,123
investments available-for-sale amortised cost or cost, estimated fair values and other-than-temporary impairments of fixed income securities classified as availablefor -sale as of 31 December were as follows: the “other-than-temporary impairments recognised in other comprehensive income” column includes only securities...
71
annual_report
PhoenixGroupHoldingsPLC-AR_2020
1,247
Net-zero carbon emissions from operations (Scope 1, 2 and selected scope 3)
12
annual_report
Sampoplc-AR_2012
1,493
Transaction risk position, If P&C and Mandatum Life, 31 December 2012. The table shows the net transaction risk exposures and the changes in the value of positions given a 10 per cent decrease in the value of the home currency.
40
annual_report
3334
1,164
At December 31, 2007 and 2006, DAC and PVFP related to SFAS 97 products totaled $13.7 million and $16.5 million, respectively.
21
10K
HannoverRueckSE-AR_2015
1,719
January 2016 Amendments to IAS 12: Recognition of Deferred Tax Assets for Unrealised Losses 1 January 2017 (still to be endorsed by the EU)
24
annual_report