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2307
873
$17.0 million increase from net cash inflows of $73.8 million in 2002. The Company’s liquid assets include substantial U.S. treasury holdings, short-term money market investments and marketable long-term fixed maturity securities. Management believes that the Company’s sources of liquidity are adequate to meet its anti...
46
10K
AvivaPLC-AR_2017
5,755
Limited2 Ordinary Shares 50 4th Floor, New London House, 6 London
11
annual_report
SwissReAG-AR_2010
332
Public-private partnerships help extend insurance protection in emerging and developing countries. Swiss Re’s cat bond solution in Mexico demonstrates how governments can transfer earthquake and hurricane risks using innovative insurance instruments. From left: Ernesto Cordero, Minister of Finance, Mexico, and Michel L...
47
annual_report
2943
940
Insurance and annuity commissions paid by insurance companies are based on a percentage of the premium that the insurance company charges to the policyholder. First-year commissions are calculated as a percentage of the first twelve months’ premium on the policy and earned in the year that the policy is originated. In ...
52
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2015
2,919
For services rendered to the parent and consolidated subsidiaries by the Group auditor (KPMG Bayerische Treuhandgesellschaft AG Wirtschaftsprüfungsgesellschaft Steuer- beratungsgesellschaft, Munich, and its affiliated companies within the meaning of Section 271 (2) of the German Commercial Code – HGB), the following fe...
106
annual_report
CNPAssurancesSA-AR_2009
951
The Chief Executive Officer receives a fixed salary and a variable bonus linked to the overall performance of the Company and the achievement of certain objectives set at the beginning of each year. The variable bonus ranges from 0% to 80% of his salary. Based on the recommendation of the Remunerations & Nominations Co...
169
annual_report
5892
1,757
Case No. 17 BK 3567-LTS (D.P.R. January 16, 2020) (Swain, J.)
11
10K
4207
1,896
Variable Annuities At December 31, 2010, the aggregate guaranteed minimum death benefit value (assuming every variable annuity policyholder died on that date) on AFG’s variable annuity policies exceeded the fair value of the underlying variable annuities by $52 million, compared to $85 million at December 31, 2009. Dea...
70
10K
HannoverRueckSE-AR_2010
650
In the second half of 2010 we received requests from a number of international pension funds in Denmark, the Netherlands,
20
annual_report
SwissReAG-AR_2003
337
The fair value of each option grant is estimated on the date of the grant using a binomial option-pricing model, with the following weighted average assumptions used for grants in 2002 and 2003, respectively: dividend yield of 2.3% and 2.8%; expected volatility of 25.1% and 28.7%; risk-free interest rate of 3.4% and 2....
61
annual_report
4506
564
CNA Commercial's average rate increased 1% for 2010, as compared to flat rates for 2009 for the policies that renewed during those periods. Retention of 80% and 81% was achieved in each period.
33
10K
AvivaPLC-AR_2003
1,058
(ii) The Group’s wealth management result was previously shown separately but is now shown as part of the result from non-insurance operations. The result reclassified in 2003 is nil (2002: loss of £30 million).
34
annual_report
PosteItalianeSpA-AR_2015
2,722
Sundry payables attributable to BancoPosta 76 8 84 76 10 86
11
annual_report
NatixisSA-AR_2017
2,610
Shareholders' equity (Group share) remained stable for the year at €19.8 billion, as the incorporation of net income for the year in the amount of €1.67 billion and the issuance of new deeply subordinated instruments in the amount of €0.5 billion (net the value of exercised calls) were primarily offset by the negative ...
89
annual_report
PosteItalianeSpA-AR_2018
3,676
Changes in fair value through profit or loss for 2018 reflect a gain of €342 million, reflecting the impact of fair value hedges.
23
annual_report
2186
1,270
A hypothetical 1% increase in the discount rate would result in a decrease in pension and retiree medical projected benefit obligations of approximately $55.0 million and $4.6 million, respectively, and would result in a decrease in OneBeacon’s total pretax pension/post-retirement expense of approximately $0.3 million....
90
10K
5007
2,165
permitted statutory accounting practices that differ significantly from the statutory accounting principles established by the National Association of Insurance Commissioners (“NAIC”). The U.S. insurance and reinsurance subsidiaries are also required to maintain minimum levels of solvency and liquidity as determined by...
52
10K
1465
412
December 31, ------------------ 2000 1999 ----- ------ Assets Cash .............................................. $ 66 $ 68 Investment in subsidiaries (equity method) eliminated upon consolidation ................... 46,481 44,904 Other assets ...................................... 458 390 ------- -------
32
10K
5644
1,842
The most likely drivers of change in our premium estimates in decreasing order of magnitude are:
16
10K
gb_lloyds_banking_grp-AR_2009
1,283
The Group’s insurance businesses have liability products that are supported by substantial holdings of investments, including equities, property and fixed interest investments, all of which are subject to variations in their value. The value of the liabilities does not move exactly in line with changes in the value of ...
120
annual_report
ScorSE-AR_2016
3,302
Provisions are recognized when the Group has a present legal, contractual or constructive obligation as a result of past events and it is probable that an outflow of resources will be required to settle the obligation and a reliable estimate of the amount of the obligation can be made.
49
annual_report
1980
9,997
Corporate and other consists primarily of GAFRI (parent) and AAG Holding (intermediate holding company).
14
10K
fr_axa-AR_2001
485
SLPH from 56.3% to 100%. In August 2000, AXA sold its interest in Donaldson Lufkin & Jenrette to Credit
19
annual_report
5809
971
• Favorable change in net derivative gains (losses) of $721 million ($570 million, net of income tax) (3)
18
10K
5919
1,274
The Company applied for a "use and file" rate filing with the Florida OIR to implement a state-wide average increase of 7.0% for Florida homeowners multiple-peril insurance policies and 6.0% for dwelling fire insurance policies, which is expected to become effective for new and renewal policies in April 2021. The revis...
68
10K
4157
671
Medicare Advantage membership at 2010 year-end increased 61.0% over the prior year. PDP membership at 2010 year-end increased 131.4% over the prior year.
23
10K
de_allianz-AR_2007
1,430
The table set forth below contains aggregate fees billed for each of the last two fiscal years by KPMG DTG or KPMG DTG and the world wide member firms of KPMG International (or “KPMG”) in the following categories: (i) Audit Fees, which comprise fees billed for services rendered for the audit of the Allianz Group’s cons...
163
annual_report
4737
2,090
losses arising out of natural or man-made catastrophes such as hurricanes, typhoons, earthquakes, floods, climate change (including effects on weather patterns; greenhouse gases; sea; land and air temperatures; sea levels; and rain and snow), nuclear accidents, or terrorism which could be affected by:
43
10K
BaloiseHoldingLtd-AR_2007
772
At the end of 2007, the Board of Directors was made up of ten members. Members are elected by the Annual General Meeting of Shareholders for a term of three years. Th e terms of Directors are staggered so that roughly one-third of the terms expire in any year, unless the member gets re-elected. Due to age restrictions,...
108
annual_report
LloydsBankingGroupPLC-AR_2002
903
Statement of total recognised gains and losses for the year ended 31 December 2002 2002 2001* £ million £ million
20
annual_report
AssicurazioniGeneraliSpA-AR_2014
4,490
Volksfürsorge Fixed Assets 094 EUR 104,000 a 11 100.00 Generali Lebensversicherung AG 100.00 100.00 104
15
annual_report
NatixisSA-AR_2004
1,511
Book value of Outstanding loans Guarantees Total revenues Net income/(loss) Dividends Comment investment and advances at given in previous year in previous year received
24
annual_report
1206
562
PXRE's Year 2000 Readiness Project was successfully concluded prior to December 31, 1999. The Company did not experience any Y2K-related problems at year-end or thereafter.
25
10K
fr_axa-AR_2015
1,478
Net income increased by €6 million to €-28 million mainly driven by higher adjusted earnings, partly offset by restructuring costs in line with the above-mentioned strategic decision.
27
annual_report
586
245
Employee compensation and benefits costs for 1995 increased 37% to $296 million from $215.3 million in 1994. Significant acquisitions made in 1995, primarily the BHR operations, accounted for approximately $46.9 million of the increase. The new business relationships with Southeastern accounted for approximately $23.3 ...
67
10K
SwissReAG-AR_2020
287
of employees agree their colleagues act ethically and with integrity (2019: 86%)
12
annual_report
654
497
Dividends paid by the insurance subsidiaries to the Company are limited by state insurance regulations. The insurance regulator in the state of domicile may disapprove any dividend which, together with other dividends paid by an insurance company in the prior twelve months, exceeds the regulatory maximum as computed fo...
60
10K
StorebrandASA-AR_2019
2,763
1. IMPLEMENTATION AND REPORTING ON CORPORATE GOVERNANCE (NO DEVIATIONS FROM THE CODE OF PRACTICE) The Board has decided that the Norwegian Code of Practice for Corporate Governance shall be followed. Compliance with the Code of Practice is discussed in the Directors’ Report. Storebrand complies with the Code of Practic...
64
annual_report
5803
1,262
The underwriting expense ratio is the ratio (expressed as a percentage) of amortization of deferred policy acquisition costs and other operating expenses to net premiums earned, and measures our operational efficiency in producing, underwriting and administering our insurance business.
39
10K
SwissLifeHoldingAG-AR_2007
821
Total net cash flow from operating activities –1 280 –5 934
11
annual_report
2042
1,142
Consolidated Statement of Changes in Shareholders' Equity Years ended December 31, 2002, 2001, and 2000
15
10K
3087
583
Approximately 16,400 and 27,000 square feet of office space for our data centers in Philadelphia, Pennsylvania and Dayton, Ohio, respectively. The leases for these offices expire in September 2012 (Philadelphia) and August 2015 (Dayton). The lease for our Dayton, Ohio data center has an early termination option that ma...
57
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011
1,045
Diversification effect –7.4 –4.7 –4.0 – –7.4 –5.8 –4.0 – –
11
annual_report
4730
1,815
The Company had no material assets or liabilities that were measured at fair value on a non-recurring basis during the years ended December 31, 2013 and 2012.
27
10K
RaiffeisenBankInternationalAG-AR_2013
2,859
net interest margin (average interest bearing assets) – Net interest income in relation to average interest bearing assets.
18
annual_report
RaiffeisenBankInternationalAG-AR_2010
2,874
The Risk Management Committee is responsible for ongoing development and implementation of methods and parameters for risk quantification models and for refining steering instruments. The committee also analyzes the current risk situation of the Group with respect to internal capital adequacy and the corresponding risk...
67
annual_report
3605
4,774
• Percentage decline in value and the length of time during which the decline has occurred;
16
10K
Sampoplc-AR_2012
1,108
Common prerequisite for all above mentioned core competencies is continuous development of employees’ knowledge and skills.
16
annual_report
4873
979
changes in one or more of the premium assumptions as noted above. A 7% variation in the Company’s proportional premiums receivable, net as of December 31, 2014, after considering the related expected losses and loss expenses, acquisition expenses and taxes, would result in an impact of approximately $5.6 million on the...
54
10K
3002
8,135
In March 2006, AFG and GAFRI replaced their existing credit agreements with a five-year revolving credit facility under which they can borrow a combined
24
10K
de_allianz-AR_2006
452
Life/Health Wewere again successful in growing our operating profit which increased in 2006 by 22.5% to € 2.6 billion. While continuing to grow our asset base, we 1) The Allianz Group uses operating profit to evaluate the performance of its business segments and the Allianz Group as a whole. Please see page 113 for fur...
56
annual_report
2985
691
that we believe to be reasonable under the circumstances. For a detailed discussion of other significant accounting policies, see Note 1 of our Consolidated Financial Statements.
26
10K
LloydsBankingGroupPLC-AR_2012
3,990
Reconciliation of reported basis to statutory results The reported basis is the basis on which financial information is presented to the chief operating decision maker which excludes certain items included in the statutory results. The table below reconciles the statutory results to the reported basis.
45
annual_report
de_allianz-AR_2008
3,431
Notes to the Consolidated Financial Statements Allianz Group Annual Report 2008 11 Reinsurance assets
14
annual_report
2566
1,275
Information Services. In this segment, the Company records revenue from providing data or data-related services. These services principally include appraisal and valuation services, property records information, real estate tax services, borrower credit and flood zone information and multiple listing software and servi...
63
10K
4370
3,082
AIG adopted the standard on April 1, 2009 and recorded an after-tax cumulative effect adjustment to increase AIG shareholders' equity by $2.5 billion as of April 1, 2009, consisting of a decrease in Accumulated deficit of $11.8 billion and an increase to Accumulated other comprehensive loss of $9.3 billion, net of tax....
168
10K
1909
467
As we continue to earn higher premiums from price and tier changes, we expect ongoing improvements in our New Jersey personal automobile results. In 2002, we continued to see reductions in new business submissions for New Jersey personal automobile, with our market share now down to approximately 2.3% compared with 2.5...
175
10K
4869
1,052
The consolidated HBR for the year ended December 31, 2013, of 88.6% was a decrease of 100 basis points over the comparable period in 2012. The 2013 HBR reflects performance improvement in Texas and our individual insurance business from 2012.
40
10K
3575
1,690
Net income increased $246 million in 2006 as compared with 2005. This increase was attributable to increases in net operating income and net realized investment gains. See the Investments section of this MD&A for further discussion of net investment income and net realized investment results.
45
10K
1908
526
Net income applicable to common stock increased 26.8% in 2002 to $46.3 million and decreased 6.8% in 2001 to $36.5 million. The increase in net income for 2002 is due to an increase in the volume of business in force resulting from the inclusion of a full year of business from American Equity and NTL, as well as increa...
227
10K
4514
1,390
The following tables set forth condensed consolidating statements of income, comprehensive income and cash flows for the years ended December 31, 2012, 2011, and 2010, and condensed consolidating statements of financial position as of December 31, 2012 and December 31, 2011 in accordance with Rule 3-10 of Regulation S-...
122
10K
HannoverRueckSE-AR_2011
1,676
Qualitative methods and practices are a fundamental element of our internal risk management and control system as well as the future Own Risk and Solvency Assessment (ORSA) pur­
28
annual_report
4403
545
FASB provides guidance for recognizing and measuring uncertain tax positions and prescribes a threshold condition that a tax position must meet for any of the benefit of the uncertain tax position to be recognized in the financial statements. Based on this guidance, we regularly analyze tax positions taken or expected ...
110
10K
3082
1,267
In our Mortgage Insurance segment, increasing interest rates in 2004 through 2006 contributed to a general decrease in new mortgage originations in the U.S. since 2003. The level of new mortgage originations was $2,980 billion, $3,120 billion and $2,920 billion for the years ended December 31, 2006, 2005 and 2004, resp...
214
10K
NatixisSA-AR_2017
9,214
ENVIRONMENTAL AND SOCIAL RESPONSIBILITY Internal mobilization and management of our direct impacts 431Natixis Registration Document 2017
16
annual_report
4663
1,651
•The Company uses equity options and volatility swaps to mitigate the risk related to certain guaranteed minimum benefits, including GMWB, within our variable annuity products. In general, the cost of such benefits varies with the level of equity markets and overall volatility. The equity options resulted in net pre-ta...
81
10K
ScorSE-AR_2019
4,377
• Business Performance - Business Acceptance (including Pricing) - Finance (including Corporate Actuarial)
13
annual_report
AvivaPLC-AR_2016
5,120
There was also a £659 million reduction in net claim reserves relating to an outwards reinsurance contract completed by the UK General Insurance business.
24
annual_report
2969
1,217
The effective duration of our investment portfolio was 4.07 years as of December 31, 2006. By contrast, our liability duration was approximately 3.5 years as of December 31, 2006. We do not believe this difference in duration adversely affects our ability to meet our current obligations because we believe our cash flow...
132
10K
AdmiralGroupPLC-AR_2019
1,831
• Acts as a sounding board for the Chair and serves as an intermediary for the other Directors.
18
annual_report
fr_axa-AR_2009
9,944
On the closing of the 2009 SharePlan offering in December 2009,
11
annual_report
237
253
During 1994, the Company settled the dispute, arising out of its 1985 acquisition of American Star Insurance Company (since renamed National Continental Insurance Company), over the seller's refusal to pay certain losses on pre-sale business written by American Star. Under the settlement, National Continental received ...
192
10K
4742
648
balance sheets. Fees earned on the contracts are reflected as other revenues, as opposed to premiums, in our consolidated statements of income.
22
10K
4435
740
Property and Casualty business is written primarily by our exclusive Multiple-Line agents and through our Credit Insurance Division agents. Property and Casualty segment results for the periods indicated were as follows (in thousands, except percentages):
35
10K
5227
317
Financing costs, which include issuance costs, sales commissions and other direct expenses, incurred under the senior credit facilities were capitalized and are amortized using the straight-line method over the term of the senior credit facilities. The Series I Secured Note obligations are reported net of financing cos...
84
10K
5027
1,705
Asset impairment charges. During calendar year 2013, we recorded asset impairment charges related to APS Healthcare of $189.4 million, which included impairments to goodwill of $164.8 million, amortizing intangibles of $16.1 million and tangible assets of $8.5 million. For additional information, see Note 8-Goodwill an...
55
10K
4252
1,269
For the year ended December 31, 2010, we recognized a benefit from prior period claims development in the amount of $49.4 million. This amount represents our estimate as of December 31, 2010 of the extent to which our initial estimate of medical claims and benefits payable at December 31, 2009 exceeded the amount that ...
80
10K
4089
930
There were no stock options or other share-based awards granted during the three-year period ended December 31, 2009.
18
10K
195
268
These financial statements include some amounts that are based on management's best estimates and judgments. The most significant estimates relate to medical costs payable and other policy liabilities, intangible asset valuations and integration and restructuring reserves relating to the Company's recent acquisitions. ...
61
10K
5335
1,101
The incurred claims and cumulative number of reported claims for all years prior to 2016 are unaudited.
17
10K
5780
513
Travel expense increased by $4,406. Travel was relatively the same between 2018 and 2019.
14
10K
TopdanmarkAS-AR_2010
785
Total provisions for insurance and investment contracts 14,478 28,882 0 43,360 Amounts due to affiliated companies 4 953 332 (1,289) 0
21
annual_report
CNPAssurancesSA-AR_2000
1,272
The effect of these changes of method on shareholders’ equity and net profit is presented in Notes 28 and 29.
20
annual_report
3972
2,194
POLICY AND CONTRACT CLAIMS - Policy and contract claims include provisions for reported claims in process of settlement, valued in accordance with the terms of the policies and contracts, as well as provisions for claims incurred and unreported based on prior experience of the Company. Incurred but not reported claims ...
62
10K
5958
6,263
Total net (benefit) cost $ (217) $ (7) $ 354 $ 19 $ 38 $ (3) $ (198) $ 31 $ 351
22
10K
3111
1,334
As part of the divestiture, Selective’s Insurance Subsidiaries entered into an agreement with the buyer, wherein Selective’s Insurance Subsidiaries have agreed to continue to use the managed care services of CHN Solutions in processing claims for its workers compensation and automobile policies issued by the Insurance ...
106
10K
LloydsBankingGroupPLC-AR_2020
7,119
Loans and advances to customers 35,973 26,036 23,283 12,626 11,425 29,917 74,416 281,312 494,988
14
annual_report
NatixisSA-AR_2020
10,813
The Natixis IT Department structures its Responsible Digital policy around five fundamental principles in line with the charter: to optimize digital tools to limit their impact and consumption;V
28
annual_report
1326
294
Impairment charges represent reductions in the value of interest-only securities and servicing rights recognized as a loss in the statement of operations. We carry interest-only securities at estimated fair value, which is determined by discounting the projected cash flows over the expected life of the receivables sold...
195
10K
INGGroepNV-AR_2008
3,778
This Annual Report contains the Reports of the Executive Board and Supervisory Board as well as the Annual Accounts and Other information for the financial year 2008 in their original language (English).
32
annual_report
PosteItalianeSpA-AR_2019
7,654
(€m) Total at 31/12/2019 Total at 31/12/2018 of which: banks - of which: other financial companies 71 50 of which: non-financial companies - b ) Public Administration entities - d ) Other financial companies - of which: insurance companies - e ) Non-financial companies - b ) Public Administration entities - d ) Other f...
69
annual_report
3961
1,833
Although loss and LAE reserves are initially determined based on underwriting and pricing analyses, White Mountains Re regularly reviews the adequacy of its recorded reserves by using a variety of generally accepted actuarial methods, including historical incurred and paid loss development methods. If actual loss activ...
86
10K
2456
1,162
During December 2004, we completed a tender offer to purchase subsidiary surplus notes from the holders, and purchased $258.0 million of 9.125% notes due 2010 and $174.9 million of 9.000% notes due 2027. Future interest payments on these portions of the notes will be paid by the subsidiary to the parent company, and ar...
61
10K
SwissReAG-AR_2011
627
Assets�measured�at�fair�value�using�significant�unobservable�inputs�(Level�3) For the years ended 31 December, the reconciliation of fair value of pension plan assets using significant unobservable inputs were as follows: Expected�contributions�and�estimated�future�benefit�payments The employer contributions expected t...
53
annual_report
RSAInsuranceGroupPLC-AR_2019
1,614
Bonus awards are calculated against stretching annual financial and non-financial targets, as well as the performance of the individual executive.
20
annual_report
3067
860
Management determines the IBNR and LAE components of our loss reserves by establishing a point in the range of the consulting actuary’s most recent analysis of unpaid losses and LAE, which may be at a prior quarter-end, with the selection of the point based on management’s own view of recent and future claim emergence ...
114
10K
2139
355
Income from continuing operations was $2.1 million, or $0.06 per share, for 2002 compared to a loss of $5.5 million, or $0.31 per share, for 2001. Income from the operations of Pyramid Life (classified as discontinued operations) was $7.1 million, or $0.21 per share, for 2002 compared to $7.9 million, or $0.44 per shar...
152
10K
4628
744
The loss on change in fair value of debt amounted to $9.2 million in 2012 compared to a gain of $25.9 million in 2011. The 2012 loss is primarily due to an increase in the fair values of the Company's subordinated debt and LROC preferred units. The 2011 gain reflects a decrease in fair values, primarily during the seco...
69
10K
5239
1,368
We file income tax returns in the United States and certain foreign jurisdictions. The U.S. Internal Revenue Service, or IRS, has completed its examinations of our consolidated income tax returns for 2014 and prior years. Our 2015 tax return is in the post-filing review period under the Compliance Assurance Process (CA...
101
10K
840
559
While it is not possible to predict the result of any other legislative or regulatory proposals affecting the SDTF, changes in the SDTF's operations or funding which decrease the availability of recoveries or increase assessments payable by the Company could have a material adverse effect on the Company's business, fin...
55
10K