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SwissReAG-AR_2020
2,655
In events of malfeasance, fraud, misconduct, or as deemed appropriate by the Compensation Committee, awards are subject to clawback rules where Swiss Re is entitled to seek repayment of all or part of any awards paid, vested, settled or released, for a period of five years after settlement.
48
annual_report
4191
1,971
Benefits and other changes in policy reserves increased due to an increase in net paid claims of $193 million and a decrease in change in reserves of $94 million. The increase in net paid claims was principally attributable to higher claim counts within the 2006, 2007 and 2008 book years and continued aging of the deli...
68
10K
INGGroepNV-AR_2020
4,880
Approximately 81% (2019: 90%) of the exposure in the ABS portfolio is externally rated AAA, AA or A, and the remaining positions are largely unrated. There are no borrowed debt securities recognised in the statement of financial position.
38
annual_report
4475
1,004
We continued to maintain our underwriting discipline in the highly competitive market, renewing business and writing new business only where we believe we are securing acceptable rates and appropriate terms and conditions for the exposures.
35
10K
4634
1,153
Upfront premiums written are earned on a basis proportionate to the remaining scheduled debt service to the original total principal and interest insured. Installment premiums are reflected in income pro rata over the period
34
10K
5221
2,436
In May 2014, the FASB issued updated guidance for recognizing revenue from contracts with customers to provide a single, comprehensive revenue recognition model for all contracts with customers to improve comparability within and across industries, and across capital markets. The new revenue standard contains principle...
229
10K
4523
1,893
Capital refers to the long-term financial resources available to support the operation of our businesses, fund business growth, and cover financial and operational needs that arise from adverse circumstances. Our primary source of ongoing capital generation is the profitability of our insurance subsidiaries. We and our...
135
10K
3083
512
statement of operations, instead of in a separate caption of stockholders’ equity. The Company maintains its cash in bank deposit accounts, which at times exceed federally insured limits. The Company has not experienced any losses in such accounts. The Company believes it is not exposed to any significant risks with re...
54
10K
923
509
(1) Gives effect to the assumed aggregate issuance of approximately 12,000,000 shares of Common Stock to Distributees. Does not give effect to the sale of Common Stock in the anticipated Public Offering, to the issuance of Common Stock to the Medical Society in connection with the acquisition of the Attorney-in-Fact, o...
87
10K
fr_axa-AR_2003
3,549
Versicherung (€+313 million), partly offset by (iii) a fall in customer overdrafts at Banque Directe (€–192 million).
17
annual_report
255
265
Net income for the year ended December 31, 1994 0 0 0 91,128 91,128
14
10K
4826
760
Impairment of Long-Lived Assets. Long-lived assets, such as property and equipment, are reviewed for impairment annually or whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable. The Company assesses the recoverability of long-lived assets by determining whet...
106
10K
ch_zurich_insurance_group-AR_2013
715
Remuneration amounts in USD million, for the years ended December 31Key financial figures
13
annual_report
4468
617
The Insurance Underwriting combined ratio was 129.6% in 2011 compared with 133.6% in 2010, reflecting the dynamics which affected the loss and expense ratios.
24
10K
5550
1,009
For further discussion on investment activity, please refer to “-Financial Condition, Liquidity and Capital Resources-Financial Condition-Investable Assets.”
17
10K
961
302
The costs of acquiring most new individual life business are deferred and amortized with interest over the premium-paying period of the related policies. For traditional life policies, such amounts are amortized in proportion to the ratio of the annual premium income to the total anticipated premium income. Such antici...
178
10K
3798
1,071
During 2007, the Company purchased an annuity to satisfy future obligations of the pension plan related to participants receiving benefits as of December 31, 2007. As a result of this transaction, the benefit obligation and plan assets were reduced by $3,780, which reflects the cost of the annuity.
48
10K
3866
1,321
On February 13, 2009, Fitch Ratings affirmed the ratings it had assigned on July 17, 2008, when it lowered the issuer default rating of Cincinnati Financial Corporation to A from AA- and its senior debt ratings to A- from A+, with a negative outlook.
44
10K
AegonNV-AR_2017
5,104
Transfers to disposal groups relates to the Aegon Ireland plc. business which is classified as held for sale per year-end 2017 and as a result the deferred gains are no longer included in the 2017 ending balance.
37
annual_report
Sampoplc-AR_2001
1,705
Share of unit-linked insurance of net investment income –42 –35 17 OTHER INCOME
13
annual_report
4825
1,710
A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over fi...
114
10K
fr_axa-AR_2007
4,699
Liabilities arising from investment contracts with no discretionary participating features 1,452 — 1,452 1,121 1,121 926 926
17
annual_report
NatixisSA-AR_2016
10,487
for fiscal year 2016, amounted to €173.12 million (excluding employer social security charges). This amount includes the fixed compensation paid in 2016, the variable compensation paid in 2016 for 2015, the variable compensation paid in 2016 for compensation and the system of deferred payment in place for the past thre...
81
annual_report
4284
970
The STFC Pooled Companies, the Mutual Pooled Companies and Beacon Lloyds Insurance Company (“Beacon Lloyds”), a subsidiary of State Auto Mutual, are collectively referred to as the “State Auto Group.”
30
10K
SwissReAG-AR_2016
4,374
Our emerging risk specialists periodically cluster and further assess these risk notions for their potential impact on our business. Based on this, they subsequently carry out more indepth investigations of selected topics. In 2016, one of the focus topics was human-induced earthquakes (see case study on page 37). To s...
76
annual_report
fr_axa-AR_2003
3,439
Other revenues, net of benefits, claims and other deductions (5) 9 2
12
annual_report
3982
999
The table below sets forth future maturities of debt, non-recourse funding obligations, subordinated debt securities, stable value products, notes payable, operating lease obligations, other property lease obligations, mortgage loan commitments, and policyholder obligations.
33
10K
4814
710
By virtue of the nature of Atlas’ business activities, financial instruments make up the majority of the balance sheet. The risks which arise from transacting financial instruments include credit risk, market risk, liquidity risk and cash flow risk. These risks may be caused by factors specific to an individual instrum...
88
10K
3406
1,090
As of December 31, 2007, there was $1.0 million of total unrecognized compensation cost related to non-vested restricted share compensation arrangements. The remaining cost is expected to be recognized over a period of 2.75 years. No shares vested during the years ended December 31, 2007 and 2006.
47
10K
5127
939
The decrease in the primary default inventory experienced during 2015 and 2014 was generally across all markets and all book years prior to 2012. In 2015 and 2014, the percentage of loans in the inventory that had been in default for 12 or more consecutive months had decreased compared to the prior years. Historically ...
91
10K
5543
1,169
We did not own any mortgage-backed securities in our asset-backed portfolio as December 31, 2018 and 2017.
17
10K
nl_ing_grp-AR_2011
3,580
Model governance Models with regards to the disclosed metrics are approved by the ING Insurance Eurasia Model Committee (EMC). The EMC is responsible for policies, procedures, methodologies, models and parameters which are applied within ING Insurance Eurasia. Regional Model Committees are in place for the approval of ...
95
annual_report
NNGroupNV-AR_2013
1,188
In 2012 an additional reorganisation provision of EUR 55 million was recognised for the insurance operations in the Netherlands for the strategic initiatives announced in 2011. The main goals of the strategic initiative are to regain customer trust, diversify distribution channels, implement a new product range and inc...
66
annual_report
INGGroepNV-AR_2011
2,002
On these non-voting equity securities a coupon was and is payable of the higher of: • EUR 0.85 per security, payable annually in arrears, with a first coupon of EUR 0.425 per security paid on 12 May 2009; • 110% of the dividend paid on each ordinary share over 2009 (payable in 2010); • 120% of the dividend paid on each...
86
annual_report
4181
1,814
The year ended December 31, 2009 included reductions in premium estimates on prior year contracts of $10.9 million compared to reductions of $46.0 million in 2008.
26
10K
4152
2,042
The following is a discussion and analysis of our financial condition as at December 31, 2010 and 2009 and our results of operations for the years ended December 31, 2010, 2009 and 2008. All amounts in the following tables are expressed in thousands of U.S. dollars, except share amounts, per share amounts, percentages,...
167
10K
844
508
During 1997, the Company generated 38.0% and 11.3% of its title insurance premiums in California and New York, respectively. The Company generated a significant amount of title insurance premiums in California and Texas, 38.5% and 8.9% in 1996, and 43.6% and 10.1% in 1995, respectively.
45
10K
AegonNV-AR_2012
2,443
Supervisory Board is aimed at ensuring fair compensation, and protecting the independence of the Board’s members. Terms and conditions for members of the Supervisory Board are part of
28
annual_report
ScorSE-AR_2013
1,531
The focus in 2013 was again on strengthening SCOR’s front office applications to improve risk selection, anticipation and reactivity in markets and products, and simulations of results. A number of projects have been commenced in recent years which will continue through 2014. Accounting forecasts are developed from und...
71
annual_report
PhoenixGroupHoldingsPLC-AR_2020
1,311
climate-related risks and opportunities into our RMF. Further details on future priorities across each of the TCFD focus areas are outlined on page 67.
24
annual_report
HiscoxLtd-AR_2018
158
We have seen sustained demand for our ILS offering. Our funds have performed in line with expectations, with the losses of the second half consistent with modelled outcomes. Assets under management now exceed $1.5 billion after last year’s losses.
39
annual_report
AvivaPLC-AR_2017
3,859
The Group receives collateral in order to reduce the credit risk of these arrangements, either in the form of securities or cash. See note 58 for further discussion regarding collateral positions held by the Group.
35
annual_report
5441
438
Gross unrealized gains and losses on equity securities by sector as of December 31, 2017 are provided in the table below.
21
10K
RSAInsuranceGroupPLC-AR_2008
1,225
The Royal & SunAlliance ESOP Trust No 2 holds ordinary shares in the Parent Company, which may subsequently be transferred to employees including executive directors. At 31 December 2008 the Trust held 3,919,975 ordinary shares (2007: 4,938,894) in the Parent Company with a nominal value of £1m (2007: £1m) and a mid ma...
88
annual_report
1595
547
The impact of a recession on the Company would depend on its duration and severity. A prolonged downturn in the economy could result in decreased demand for NAICO's insurance products and an increase in uncollectible premiums and/or reinsurance recoverables. In addition, an economic downturn could result in an increase...
154
10K
PosteItalianeSpA-AR_2020
4,103
Jet fuel - 20.63 * The figure is close to 0, but still contributes to the total.
17
annual_report
NatixisSA-AR_2008
7,295
Assurances and its subsidiaries (life insurance, personal risk insurance, non-life insurance), Foncier Assurances (life insurance)
15
annual_report
2501
547
As discussed in Note 1 to the consolidated financial statements, the Company changed its method of accounting for goodwill and other intangible assets to conform to Statement of Financial Accounting Standards No. 142, Goodwill and Other Intangible Assets, which was adopted by the Company as of January 1, 2002.
49
10K
NatwestGroupPLC-AR_2005
609
Non-interest income increased by 9% to £15,651 million with good growth in banking fee income, financial markets income and insurance premium income. Non-interest income represents 61% of total income. The effect of implementing the requirements of IAS 39 and IFRS 4 in 2004 would have been to reduce non-interest income...
57
annual_report
ScorSE-AR_2018
405
The coupon for this new USD placement has been set at 5.25%, until the first call date of March 13, 2029, and resets every 5 years thereafter at the prevailing 5-year US Treasury yield plus 2.37% (no step-up). The notes were swapped into EUR for an 11-year period providing an effective yield cost to SCOR of 2.95%, corr...
69
annual_report
4786
955
The JOBS Act contains provisions that, among other things, reduce certain reporting requirements for an emerging growth company. As an emerging growth company, we are electing not to take advantage of the extended transition period afforded by the JOBS Act for the implementation of new or revised accounting standards, ...
99
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006
1,899
C. Gross technical provisions IV. Other technical provisions 10,551 –17 10,534
11
annual_report
4995
676
In April 2014, the FASB issued guidance: (i) improving the definition of discontinued operations by limiting the reporting of discontinued operations to disposals of components that represent strategic shifts that have (or will have) a major effect on an entity’s operations and financial results; and (ii) requiring exp...
168
10K
4743
1,264
If we undergo a fundamental change (as defined in the indenture to the 1.125% Notes), holders may require us to repurchase for cash all or part of their 1.125% Notes at a repurchase price equal to 100% of the principal amount of the 1.125% Notes to be repurchased, plus accrued and unpaid interest to, but excluding, the...
82
10K
3180
949
Subsequent to the initial calculation of the fair value of retained interest, the Company utilizes a fair market calculation methodology to determine the ongoing fair market value of the retained interest. Ongoing fair value is calculated using the then current outstanding principal of the transferred notes receivable ...
348
10K
4032
1,245
Net Premiums Written and Earned. Net premiums written for 2009 were $630.1 million, a $157.1 million or 20.0% decrease from $787.2 million for 2008. Net premiums earned for 2009 were $724.4 million, an $84.4 million or 10.4% decrease compared to $808.8 million for 2008. Premiums written and earned decreased during 2009...
162
10K
5580
739
The expense was also impacted from severe weather ($31.5 million in the year ended December 31, 2018, impacts of Hurricane Michael, Hurricane Florence and Tropical Storm Gordon, as compared to $30.4 million in the year December 31, 2017, impacts of Hurricane Irma and Hurricane Harvey), as well as the continued earn-out...
61
10K
4850
1,439
(2) Related to the acquisition of Darwin Professional Underwriters, Inc. (“DPUI”).
11
10K
4592
2,608
Our strategy is to position our products and distribution systems to meet the changing needs of the customer in managing the risks they face. This includes customers who want advice and assistance and those who are self-directed. In addition, there are customers who are brand-sensitive and those who are brand-neutral. ...
74
10K
gb_prudential-AR_2017
5,873
The components subjected to full scope audits included the parent company; the insurance operations in the UK, US, Hong Kong, Indonesia, Singapore, Malaysia, and Thailand; and the fund management operations of M&G and Eastspring Singapore. Additionally, the components subjected to an audit of account balances included ...
57
annual_report
5359
2,124
Specialty - short-tail premiums of $13.0 million during the three months ended December 31, 2017, compared to $(8.8) million during the three months ended December 31, 2016, an increase of $21.8 million, or 248.3%. The increase was primarily driven by favorable premium adjustments on Agriculture business during the thr...
65
10K
PosteItalianeSpA-AR_2016
1,168
2.5 Determination of fair value The Poste Italiane Group has adopted a fair value policy, setting out the general principles and rules to be applied in determining fair value for the purposes of preparing the financial statements, conducting risk management assessments and supporting the market transactions carried out...
134
annual_report
1390
617
From time to time the Company is involved in pending and threatened litigation in the normal course of its business in which claims for monetary damages are asserted. In the opinion of management, the ultimate liability, if any, in one or more of these actions in excess of amounts currently reserved is not expected to ...
71
10K
gb_lloyds_banking_grp-AR_2000
566
Alan E Moore CBE*§ Deputy Chairman Joined Lloyds Bank International in 1980. Held a number of senior and general management appointments in that company and in Lloyds Bank before becoming a director of Lloyds Bank in 1989 and deputy chief executive and treasurer in 1994. Following the merger with TSB Group in 1995, bec...
97
annual_report
867
118
The Registrant is aware of the issues associated with the programming code in existing computer systems as the Year 2000 approaches. The "Year 2000" problem is pervasive and complex, as virtually every computer system will be affected in some way by the rollover of the two-digit value to "00". The issue is whether comp...
80
10K
5003
1,348
MBIA’s insured multi-sector CDOs are transactions that include a variety of collateral ranging from corporate bonds to structured finance assets (which includes but are not limited to RMBS related collateral, ABS CDOs, corporate CDOs and collateralized loan obligations). These transactions were insured as either financ...
62
10K
StorebrandASA-AR_2011
1,417
On acquisition of the Swedish insurance company SPP, intangible assets were capitalised in the consolidated accounts relating to the values of SPP Group's insurance contracts, whilst SPP Group's recorded technical insurance reserves were continued in Storebrand's consolidated accounts. The intangible assets were often ...
106
annual_report
2756
659
At December 31, 2005, derivative contracts with a notional amount of $4.4 billion were in a $72.6 million net gain position. At December 31, 2004, derivative contracts with a notional amount of $4.1 billion were in a $190.1 million net gain position. The Company recognized $(30.9) million, $19.6 million, and $12.6 mill...
68
10K
3557
3,474
The decline in net premiums and policy fees for the year ended December 31, 2006 compared to the year ended December 31, 2005 was the expected result of the runoff of business in the non-strategic lines of business which are no longer being marketed.
44
10K
5825
1,693
Based on our evaluation, we will record an OTTI adjustment on a security if we intend to sell the impaired security, if it is more likely than not that we will be required to sell the impaired security prior to recovery of its amortized cost basis, or if the present value of the discounted cash flows we expect to colle...
70
10K
AssicurazioniGeneraliSpA-AR_2014
4
Over time the reports of the Group have evolved from pure accounting documents into vehicles that transmit ethical and strategic principles and affirm the Vision, Mission and Values which distinguish our Company.
32
annual_report
PhoenixGroupHoldingsPLC-AR_2009
214
1 The Board has analysed the Group performance with reference to certain pro forma financial information. Where pro forma financial information is presented it is clearly indicated as being pro forma.
31
annual_report
4812
1,539
Symetra’s insurance company subsidiaries maintain investment strategies intended to provide adequate funds to pay benefits without forced sales of investments. Products having liabilities with longer durations, such as certain life insurance policies and structured settlement annuities, are matched with investments hav...
90
10K
SwissReAG-AR_2008
1,773
Options exercised 68 –10 000 Options sold 105 –94 700 Options forfeited or expired 147 –850 492
17
annual_report
ASRNederlandNV-AR_2008
1,119
Core capital The total capital available at group level, based on the definition of Tier 1 capital (core capital expressed as a percentage of the risk-weighted balance sheet total).
29
annual_report
fr_axa-AR_2006
3,484
Other Financial Services Change in scope Voting Ownership Voting Ownership rights interest rights interest France
15
annual_report
4337
1,272
In September 2011, we redeemed 35 billion yen of our Uridashi notes upon their maturity. In July 2011, the Parent Company issued 50 billion yen of yen-denominated Samurai notes (approximately $643 million using the December 31, 2011, exchange rate). See Note 8 of the Notes to the Consolidated Financial Statements for f...
57
10K
PhoenixGroupHoldingsPLC-AR_2012
433
Group capital resources (‘GCR’) 5.6 5.6 Group capital resource requirement (‘GCRR’) (4.2) (4.3) IGD surplus (estimated) 1.4 1.3
18
annual_report
LloydsBankingGroupPLC-AR_2019
1,815
The Board also approved, and receives regular updates from the Group Chief Operating Officer, on progress against the Group’s Operational Resilience strategy, and the operational resilience investment programmes that are delivering the strategy.
33
annual_report
Sampoplc-AR_2003
1,516
Business and offi ce property 115,633 91 7.1 2.9 115,633 93 7.0 2.7
13
annual_report
AdmiralGroupPLC-AR_2019
4,228
The Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual Financial Statements.
36
annual_report
NatwestGroupPLC-AR_2010
329
The scale and scope of regulatory change remains at unprecedented levels, particularly in the area of prudential regulation (capital, liquidity, governance and risk management). Increased attention was paid to the treatment of systemically important areas such as recovery and resolution plans, remuneration and capital.
44
annual_report
1000
1,012
CNA's insurance products include property and casualty coverages; life, accident and health insurance; and pension products and annuities. CNA's services include risk management, information services, health care management and claims administration. CNA's products and services are marketed through agents, brokers, gen...
45
10K
1903
568
Our Amended and Restated Articles of Incorporation and Bylaws include provisions required by the Association for its for-profit licensees, which the Association designed to protect the independence of its for-profit licensees from any single shareholder. These provisions include ownership limitations that prohibit inst...
124
10K
2358
824
The advantages of strong cash flow in the past three years have been somewhat offset by the challenge of investing in a low interest rate environment. The allocation of new investment dollars to fixed-income securities during most of 2004 added to investment income growth. Overall, common stock dividends contributed 48...
136
10K
2057
288
In view of the negative trends recently experienced in this segment, Protective performed claims experience studies in 2002 and other analyses and determined that it should increase its estimates of policy liabilities and accruals and write off certain deferred policy acquisition costs and receivables which resulted in...
133
10K
1894
423
DHC leases a minimal amount of office space for use as administrative and executive offices on a month to month basis. DHC believes that the space available to it is adequate for DHC's current and foreseeable needs.
37
10K
3720
3,388
Other income increased $0.2 million for the year ended December 31, 2007 primarily due to a $2.7 million gain realized on the sale of the Company’s office building in Traverse City, Michigan in the second quarter of 2007, partially offset by a decrease of $2.2 million in claim handling fees received in connection with ...
67
10K
4032
1,938
As a provider of credit enhancement, in the normal course of business we enter into arrangements with SPEs. SPEs are corporations, trusts or partnerships that are established for a limited purpose. SPEs, by their nature, are generally not controlled by their equity owners, as the establishing documents generally govern...
111
10K
RSAInsuranceGroupPLC-AR_2006
1,585
Investments 45 Intangibles 8 Cash and cash equivalents 11 Other assets 17 Insurance contract liabilities (36) Other liabilities (22)
19
annual_report
3840
1,085
Potentially dilutive shares issuable pursuant to our 2007 offering of convertible senior notes were not included in the computation of diluted net income per share because to do so would have been anti-dilutive for the years ended December 31, 2008 and 2007.
42
10K
4351
2,084
We have generated cash flows from operations for the three year period between 2009 and 2011 significantly in excess of our operating commitments. However, because a large portion of the coverages we provide can produce losses of high severity and low frequency, it is not possible to accurately predict our future cash ...
125
10K
RSAInsuranceGroupPLC-AR_2009
1,309
Capital expenditure: net written premiums and non current assets from major geographical regions
13
annual_report
HiscoxLtd-AR_2020
397
In the face of the uncertainty arising from Covid-19 and the losses it generated, the Board took the decision not to pay a 2019 final or 2020 interim dividend. In view of the full year loss and a desire to have capital to deploy into a strong market, the Board has also taken the decision not to pay a 2020 final dividen...
95
annual_report
SwissReAG-AR_2016
2,141
Performance Share Units The performance condition for PSUs is relative TSR measured over three years. The PSUs vest within a range of 0% to 200%.
25
annual_report
gb_prudential-AR_2001
1,343
The additional profit recognised using the achieved profits basis is represented by the shareholders’ accrued interest in the long-term business and, when combined with shareholders’ funds reported on the statutory basis, provides an improved measure of total shareholders’ funds of the Group.
42
annual_report
5193
912
The gain on change in fair value of debt amounted to $1.5 million in 2015 compared to a loss of $11.0 million in 2014. The 2015 gain is primarily due to a decrease in the fair values of the subordinated debt and LROC preferred units, whereas the 2014 loss is due to an increase in the fair value of the Company's subordi...
102
10K
TrygAS-AR_2013
1,257
Average claims DKK b) 11,856 10,508 58,678 56,519 25,631 25,531 76,535 59,246 2,541,601 6,994,362 8,889 8,265 Total claims 306,088 348,296 32,471 38,033 4,280 4,349 8,927 10,566 83 127 53,491 54,848
30
annual_report
ScorSE-AR_2019
140
Information about the SCOR Group SCOR GROUP01 11SCOR Universal Registration Document 2019
12
annual_report
RSAInsuranceGroupPLC-AR_2019
257
· The Board approved the adoption of the Group’s low-carbon policy position to clearly articulate our perspective on climate change, investment in/underwriting of carbon intensive sectors and support for the transition to a low-carbon economy and
36
annual_report