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
4606
13,912
Separate accounts increased at March 31, 2012 as compared to December 31, 2011 as a result of favorable market performance during the quarter and positive variable universal life net flows, partially offset by variable annuity surrenders.
36
10K
NatixisSA-AR_2020
5,007
Equity component of share-based payment plans 6 2019 dividend paid in 2020 0
13
annual_report
5701
948
Segment pretax operating income (loss) is reported net of interest charges on intercompany financing arrangements with Old Republic's holding company parent for the following segments: General - $71.5, $68.0 and $57.2 for the years ended December 31, 2019, 2018, and 2017, respectively; Title - $5.5, $6.1 and $7.8 for t...
59
10K
gb_lloyds_banking_grp-AR_2019
1,624
9. Janet Pope Chief of Staff and Group Director, Responsible Business and Inclusion Appointed: January 2015 (GEC) Skills and experience: Janet joined the Group in 2008 to run the Savings business. She was previously Chief Executive at Alliance Trust Savings, prior to which she was EVP Global Strategy at Visa Internatio...
115
annual_report
StandardLifeAberdeenPLC-AR_2016
2,504
As discussed in Note 28 the Company undertook a share consolidation in 2015 followed by a return of value to shareholders. In accordance with IAS 33, earnings per share were not restated following the share consolidation as there was an overall corresponding change in resources. As a result of the share consolidation, ...
73
annual_report
RSAInsuranceGroupPLC-AR_2010
3,384
Please quote your shareholder reference number (on your share certificate and dividend tax vouchers) when contacting or corresponding with Equiniti. (Calls are charged at 8p per minute from a BT landline. Other telephone providers’ costs may vary.)
37
annual_report
649
258
In July 1995, the United States District Court of the Eastern District of Texas approved the global settlement agreement and the trilateral agreement. The judgments approving these agreements were appealed to the United States Court of Appeals for the Fifth Circuit. In July 1996, the Fifth Circuit Court affirmed the 19...
176
10K
2896
556
In connection with the Company’s Preferred Provider Network license in Connecticut, the Company is required to maintain a performance bond during all applicable terms of the license. As such, the Company maintains a performance bond of $2,400,000 in compliance with this requirement. In addition, a contract with one exi...
64
10K
RSAInsuranceGroupPLC-AR_2006
1,339
Post retirement medical benefits The valuation of liabilities for post retirement liabilities in Canada assumes 9% decreasing to 5% in eight years for drugs (2005: 10% decreasing to 5% in 9 years) and 4% (2005: 4%) for hospitals and 3% (2005: 3%) for other.
44
annual_report
2822
746
To determine the expected long-term return on plan assets, we consider the historical mean returns by asset class for passive indexed strategies, as well as current and expected asset allocations and adjust for certain factors that we believe will have an impact on future returns. As of December 31, 2005, the expected ...
82
10K
2286
259
Incurred related to: Current year........................................... 13,466,361 11,448,215 11,883,729 Prior year............................................. 776,513 181,838 584,972 ------------ ------------ ------------ Total incurred...................................... 14,242,874 11,630,053 12,468,701 -----...
24
10K
2551
747
In 2004, new avenues to growth were added and existing sources of revenues were expanded, leading to improved revenue and profitability for the year.
24
10K
4405
1,182
On April 30, 2005, AGM entered into a limited recourse credit facility ("AGM Credit Facility") with a syndicate of international banks which provided up to $297.5 million for the payment of losses in respect of the covered portfolio. AGM terminated the AGM Credit Facility in December 2011. There were no borrowings unde...
104
10K
2419
1,161
The Company has limited its share of the health care trend rate to a cost-of-living adjustment not to exceed 4% per year. The assumed healthcare cost trend rate used in measuring the accumulated postretirement benefit obligation was 4% per year in 2004, 2003 and 2002. The healthcare cost trend rate assumption has a sig...
157
10K
LloydsBankingGroupPLC-AR_2004
335
Market risk exposure depends upon the nature of the funds in question: • With-profits funds are managed in accordance with the relevant fund’s Principles and Practices of Financial Management. This leads to assets and liabilities that are mismatched with the aim of generating a higher rate of return to meet policyholde...
52
annual_report
2037
463
Reclassification. The Company has reclassified the presentation of certain prior period information to conform to the 2002 presentation.
18
10K
fr_axa-AR_1999
2,194
Minority interests in income loss of consolidated subsidiaries (82) 34 (139)
11
annual_report
TopdanmarkAS-AR_2017
1,218
Calculated tax on profit for the year 22% (2016: 22%) 13 11 Adjusted for the tax effect of: Non-deductible expenses / income not liable to tax (2) (0)
28
annual_report
2663
6,723
The majority of GAFRI's fixed annuity products permit GAFRI to change the crediting rate at any time subject to minimum interest rate guarantees (as determined by applicable law). In the fourth quarter of 2003, GAFRI began issuing products with guaranteed minimum crediting rates of less than 3% in states where required...
94
10K
GjensidigeForsikringASA-AR_2010
471
the jury explained the award as follows: “the Competence award for 2010 is awarded to gjensidige Forsikring on the basis of the Company’s comprehensive and systematic efforts to develop skills over a period of time. skills development in gjensidige Forsikring is closely related to the Company ’s overall strategy. the g...
83
annual_report
4549
1,072
Our underwriting results for 2010 included $135.9 million of net catastrophe losses (not including the benefit of reinstatement premiums) from earthquakes in Chile and New Zealand, as well as $20.0 million in net losses from the Deepwater Horizon oil rig explosion and fire. These losses were partially offset by $109.3 ...
102
10K
5217
1,238
Policyholders' account balances increased $2.3 billion primarily due to the Variable Annuities Recapture.
13
10K
4959
1,884
Long-term borrowings decreased $522 million largely related to the repayment of $485 million on our senior notes that matured in June 2014. In addition, Genworth Canada issued CAD$160 million of senior notes due in 2024 and used the proceeds to repay CAD$150 million of senior notes that were scheduled to mature in 2015...
69
10K
4980
18,997
We sponsor defined benefit pension plans for our employees. For U.S. GAAP accounting purposes, we assumed a 7.5% long-term rate of return on plan assets in the most recent valuations, performed as of December 31, 2014. To the extent there are deviations in actual returns, there will be changes in our projected expense ...
115
10K
5352
605
The Council of Insurance Agents & Brokers (which we refer to as the CIAB) fourth quarter 2017 survey had not been issued as of the date of this report. The first three 2017 quarterly surveys indicated that U.S. commercial property/casualty rates decreased by 2.5%, 2.8% and 1.3% on average across all lines, for the firs...
313
10K
1653
417
Premiums. Premiums increased $6.9 million, or 71%, from $9.7 million the year ended December 31, 1999 to $16.6 million for the comparable period in 2000. A majority of this increase was caused by a $6.6 million increase in premiums relating to the full-year impact of the Financial Freedom Builder Monthly Renewable Term...
89
10K
3644
381
• The cost of management operations increased 1.2%, or $10.0 million, to $809.5 million in 2008, primarily due to the increase in non-commission expenses:
24
10K
HannoverRueckSE-AR_2011
4,991
Executive Board and c) the report of the Executive Board pursuant to § 312 German Stock Corporation Act (Report on relations with affiliated companies)
24
annual_report
2670
3,272
At December 31, 2004, 99% of our fixed income investments were publicly traded and all were rated by at least one nationally recognized credit rating agency. In addition, at December 31, 2004, $12.4 million, or 0.9%, of our total investments were below investment grade. Of these below investment grade investments, $2.9...
61
10K
gb_lloyds_banking_grp-AR_2000
644
There must also have been growth in earnings per share that is at least equal to the aggregate percentage change in the retail price index, plus three percentage points for each complete year of the relevant period. These are the performance conditions which were confirmed by the shareholders at the annual general meet...
55
annual_report
INGGroepNV-AR_2011
1,168
As required by section 5:25c paragraph 2(c) of the Dutch Financial Supervision Act, each of the signatories hereby confirms that to the best of his or her knowledge: • the ING Groep N.V. 2011 Annual Accounts give a true and fair view of the assets, liabilities, financial position and profit or loss of ING Groep N.V. an...
131
annual_report
HelvetiaHoldingAG-AR_2012
1,199
Unit-linked life insurance 220.1 199.7 10.3 11.9 3.5 Gross premiums by business line
13
annual_report
NatixisSA-AR_2011
2,817
In addition to the European sovereign debt crisis that dominated 2011, the fi nancial (and banking) markets were also adversely affected by other signifi cant events, often of a political nature, such as the revolutions in Northern Africa and the Middle East, as well as the nuclear disaster in Fukushima, the loss of th...
71
annual_report
ScorSE-AR_2015
3,001
Middle office and Back office departments of the asset management company have been delegated to an external service provider in November 2014. Information systems remain those of SCOR and tools for monitoring and controlling transactions remain unchanged following this transfer of activity.
42
annual_report
RSAInsuranceGroupPLC-AR_2009
1,716
mortality rate The mortality assumptions are set following investigations of the main schemes’ recent experience by the schemes’ actuaries for the funding valuations. In 2009 the mortality assumptions adopted for the main UK schemes used the SAPS Light Normal base table with percentage adjustments to reflect the scheme...
57
annual_report
gb_lloyds_banking_grp-AR_2010
8,396
AMERICAN DEPOSITARY RECEIPTS (ADRs) Lloyds Banking Group shares are traded in the USA through an NYSE-listed sponsored ADR facility, with The Bank of New York Mellon as the depositary. The ADRs are traded on the New York Stock Exchange under the symbol LYG. The CUSIP number is 539439109 and the ratio of ADRs to ordinar...
58
annual_report
AegonNV-AR_2013
1,646
The SBRC is responsible for overseeing Aegon's enterprise risk management framework, including risk governance and measures taken to ensure risk management is integrated properly into the company's broader strategy. The SBRC oversees the company's risk exposure as it relates to capital, earnings and compliance with Gro...
57
annual_report
AegonNV-AR_2018
3,847
EUR 1 million of net recoveries (2017: EUR 19 million net impairments) on this portfolio. In 2018, there were no foreclosures (2017: EUR 0 million) and no impairments or recoveries associatied with foreclosed loans (2017: EUR 0 million).
38
annual_report
RaiffeisenBankInternationalAG-AR_2020
3,713
The changes in fair value resulting from changes in RBI's own default risk amounted to € 12,765 thousand in the reporting period. (2019: minus € 21,766 thousand). The difference between the current fair value of these designated liabilities and the contractually agreed payment amount for the date of final maturity amou...
78
annual_report
4497
1,179
In addition, operating income may be negatively impacted by intermediate surveys, which are performed at interim periods between 5-year surveys. Intermediate surveys are generally less extensive in duration and scope than a 5-year survey. Although an intermediate survey may require some downtime for the drilling rig, i...
69
10K
1370
229
As described more fully in Notes 1 and 18 to the financial statements, the Company prepared these financial statements using accounting practices prescribed or permitted by the Insurance Department of the State of New York, which is a comprehensive basis of accounting other than generally accepted accounting principles...
77
10K
SwissReAG-AR_2020
636
The result was uninterrupted service for our clients – in fact, our Asian Treaty team even increased the number of renewed contracts it processed versus 2019.
26
annual_report
SwissLifeHoldingAG-AR_2007
1,312
Share of results of associates 12 11 – – 12 11
11
annual_report
4013
724
During much of 2008 and immediately preceding years, the Company had been concerned about the valuation of worldwide equity markets, uncertainty resulting from credit issues in the U.S. and global economic conditions. As protection against a decline in equity markets, the Company held short positions in Standard & Poor...
187
10K
2998
1,081
In the first quarter of 2006, the Company began marketing indexed annuities. These contracts permit the holder to elect an interest rate return or an indexed return, where interest credited to the contracts is based on the performance of the S&P 500 index, subject to an upper limit or cap. Policyholders may elect to re...
175
10K
4413
1,337
The areas where significant concentrations of credit risk may exist include unpaid losses and loss adjustment expenses recoverable, prepaid reinsurance premiums and paid losses and loss adjustment expenses recoverable net of reinsurance balances payable (collectively, "reinsurance recoverables"), investments and cash a...
64
10K
Sampoplc-AR_2004
380
Sampo Group is rooted deep in Nordic culture and in this region’s common traditions of responsible business management.
18
annual_report
5257
1,325
As of December 31, 2016, we believe we have sufficient cash flow from operating and investing activities to meet our foreseeable liquidity requirements. We expect that our operational needs for liquidity will be met by cash, funds generated from underwriting activities and investment income, including realized gains an...
104
10K
CNPAssurancesSA-AR_2000
766
Adequacy of technical reserves The approach used to ensure that technical reserves are adequate focuses on: – managing the risks associated with a fall in interest rates; – rapidly adjusting technical reserves following a change in mortality tables; – adjusting reserves for annuities in payment based on experience tabl...
105
annual_report
4172
1,724
Though the Company believes it has adequate sources of liquidity, significant disruption or volatility in the capital and credit markets could affect the Company’s ability to access those markets for additional borrowings or increase costs associated with borrowing funds.
39
10K
4919
615
In 2014, our losses and loss settlement expenses were affected by catastrophe losses of $49.7 million in both our direct business and assumed reinsurance business as compared to $30.2 million in 2013 and also by an increase in our non-catastrophe results from an increase in frequency and severity in fire-related losses...
58
10K
5411
582
In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. This update addresses the presentation and classification on the statement of cash flows for eight specific items, with the objective of reducing existing diversity in practice in...
119
10K
gb_prudential-AR_2014
2,617
Total M&G operating profit based on longer-term investment returns 488 441
11
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006
2,056
The corporate debt securities mainly comprise mortgage bonds with a high credit rating. Items pledged as security and other restrictions on title amount to €6,141m. €2,671m (6,166m) of the securities shown are loaned to third parties. Measurement at fair value results in valuation reserves of €9,287m (10,973m) in compa...
62
annual_report
AegonNV-AR_2010
4,627
The shares were sold at a price of EUR 5.20 per share. The proceeds of EUR 903 million were used to fund part of the repurchase of the convertible core capital securities described below.
34
annual_report
5872
563
The following discussion and analysis should be read in conjunction with our consolidated financial statements and the related notes included in Item 8 of this annual report. In addition, please see “Information Regarding Non-GAAP Measures and Other” beginning on page 34 for a reconciliation of the non-GAAP measures fo...
75
10K
DirectLineInsuranceGroupPLC-AR_2020
1,434
Link to S172(1) Companies Act 2006 a the likely consequences of any decision in the long term a b the interests of the company’s employees b c the need to foster the company’s business relationships with suppliers, customers and others d the impact of the company’s operations on the community and the environment d e th...
83
annual_report
1406
706
Derivative instruments are generally held for trading purposes and, as such, are marked to market. Changes in fair value are included in investment gains or losses in the income statement. Derivatives used to hedge the fair value of assets or liabilities are classified with the related hedged item in the consolidated b...
98
10K
1264
512
Underwriting results declined by $201.0 million, or 14.7%, in 1999 and include approximately $558.0 million in loss and allocated loss adjustment expense reserve strengthening for prior years. Agency Market Operations underwriting results declined by $153.0 million in 1999 due primarily to greater adverse loss reserve ...
129
10K
5900
1,127
In estimating the probability of default, we consider historical experience, current market conditions, and reasonable and supportable forecasts about the future market conditions. We utilize our historical loan experience in combination with a large third-party industry database for a period of time that aligns with t...
150
10K
de_allianz-AR_2011
3,783
Allianz south America Holding B.v., Amsterdam 100.0 AlliAnz speCiAl fiC de fi multimerCAdo CrÉdito privAdo, sao paulo 100.0 10
19
annual_report
871
598
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. This SEC Form 10-K or any other written or oral statements made by or on behalf of the Company may include forward-looking statements which reflect the Company's current views with respect to future events and ...
143
10K
AvivaPLC-AR_2016
1,102
Nationality: Australian Committee membership: Remuneration Committee (Chair), Audit Committee, Nomination Committee
11
annual_report
NatwestGroupPLC-AR_2020
3,165
House Price Inflation - total change 12.5 7.6 4.4 (19.0) 22.4 17.6 8.3 4.0 (5.1) Bank of England base rate - average 0.2 — (0.1) (0.5) 1.0 0.7 0.3 — — Commercial real estate price - total change 4.3 0.7 (12.0) (31.5) 13.0 8.1 (1.3) (5.8) (15.1)
47
annual_report
RaiffeisenBankInternationalAG-AR_2014
3,313
Recognition of changes in the fair value of the contingent consideration which do not represent corrections within the measurement time is dependent on how the contingent consideration is to be classified. If the contingent consideration is classified as equity, it is not measured on the following reporting date. Its s...
100
annual_report
de_allianz-AR_2010
1,223
99 58 Your Allianz 65 Management Discussion and Analysis 118 Risk Report and Financial Control
15
annual_report
4136
684
Income Taxes. We recognized an income tax expense from continuing operations of $22.4 million for the year ended December 31, 2009 as compared to income tax benefit from continuing operations of $0.8 million for the year ended December 31, 2008. Our effective tax rate from continuing operations of 152.8% for the year e...
83
10K
BaloiseHoldingLtd-AR_2017
286
Sub-total of IFRS gross premiums written1 6,741.3 4,228.9 1,162.2 1,147.8 201.9 1 Premiums written and policy fees (gross).
18
annual_report
fr_axa-AR_2013
6,695
Impact of adjustments, decrease in value and other items (14) (27)
11
annual_report
5219
1,372
(3)-The gross claim liability with respect to Puerto Rico and Zohar II exposures are net of expected recoveries.
18
10K
NatixisSA-AR_2019
1,839
Chairman of the Natixis Audit Committee 27,000 27,000 27,000 27,000 o/w fixed compensation 17,000 17,000 o/w variable compensation 10,000 10,000
20
annual_report
5632
1,062
On March 8, 2018 the Company’s CAD $375 million ($291 million at March 8, 2018 Exchange Rates) 4.76% Senior Notes due March 2018 issued by a Canadian subsidiary of Aon Corporation matured and was repaid in full.
37
10K
4979
1,456
The five point decrease in the ceded premium ratio for our insurance segment was driven by changes in our reinsurance purchasing and business mix changes.
25
10K
1431
192
investment income. Farmers Re's contribution to net income was $52.6 million and $37.7 million in 2000 and 1999, respectively.
19
10K
4529
24,276
Interest rates and default rates: Changes in estimates of future interest rates result in changes in the amortization of deferred policy acquisition costs associated with certain products because future EGPs include interest margins. The impacts of such a change depend on a variety of factors including the period over ...
73
10K
ASRNederlandNV-AR_2017
1,208
In 2017, the Remuneration Committee used the services of Korn Ferry for a benchmark of the remuneration for the Executive Board (periodic three-year benchmark). In the run-up to the sell down, the Remuneration Committee held extensive discussions on the remuneration of the Executive Board and the fact that, after the s...
133
annual_report
2778
674
Demand U.S. dollar base rate loan - We have an undrawn $10.3 million facility which bears interest at the bank’s U.S. base rate, which was 7.75% and 5.75% at December 31, 2005 and 2004, respectively, plus 50 basis points. Borrowings under this facility are repayable on demand.
47
10K
de_allianz-AR_2001
2,001
_ I would additionally like to read more about the following subjects in the Annual Report 2002: We will be glad to keep you informed
25
annual_report
AvivaPLC-AR_2018
3,893
Poland Aviva Powszechne Towarzystwo Emerytalne Aviva Santander S.A. (81%) Aviva Towarzystwo Ubezpieczen na Zycie S.A. (90%) Aviva Towarzystwo Ubezpieczen Ogolnych S.A. (90%) Santander Aviva Towarzystwo Ubezpieczeń S.A. (51%) Santander Aviva Towarzystwo Ubezpieczeń na Życie S.A. (51%)
36
annual_report
4471
1,532
The reduction in the dividend scale in the fourth quarter of 2009 resulted in a $109 million decrease in policyholder dividends in the traditional life business in the current period.
30
10K
NatixisSA-AR_2017
2,782
The collateral is adjusted for its volatility and type. Collections on collateral are estimated quarterly or annually on the basis of conservative valuations and haircuts, and take into account the actual enforcement of such collateral in times of economic slowdown.
40
annual_report
fr_axa-AR_2014
6,532
Reinsurers’ share in claim payments (932) (519) (1,451) (706) (407) (1,113)
11
annual_report
PosteItalianeSpA-AR_2017
4,953
�� On 13 February 2018, the merger of PosteTutela SpA with and into Poste Italiane SpA was completed. The transaction will be effective for legal purposes from 1 March 2018, whilst it will be effective for accounting and tax purposes from 1 January 2018.
44
annual_report
4659
3,957
We regularly review the adequacy of our estimated loss and loss expense reserves by line of business. Adjustments to previously established reserves are reflected in the operating results of the period in which the adjustment is determined to be necessary. Such adjustments could possibly be significant, reflecting any ...
56
10K
PowszechnyZakladUbezpieczenSA-AR_2014
2,712
Evaluation of financial resources management, including the ability to meet incurred liabilities and definition of possible threats and activities, undertaken or planned by the Issuer to counteract these threats
29
annual_report
INGGroepNV-AR_2020
1,888
Watch List, Restructuring and Recovery accounts are reviewed at least quarterly by the front office,
15
annual_report
SwissReCorporateSolutions-AR_2017
45
Balance as of period end 22 12 34 1 Reclassification adjustment included in net income is presented in “Net realised investment gains/losses”.
22
annual_report
4205
954
On October 1, 2010, the Company completed its acquisition of MHP, a diversified health plan with approximately 90,000 commercial risk members, 60,000 commercial self-funded members and 30,000 Medicare Advantage Coordinated Care Plan members throughout Missouri and northwest Arkansas. The Company acquired MHP to expand ...
50
10K
2638
1,388
Many of our insurance businesses operate in income tax paying jurisdictions. We provide for income taxes in accordance with the provisions of FAS No. 109, “Accounting for Income Taxes” (FAS 109). Our deferred tax assets and liabilities primarily result from temporary differences between the amounts recorded in our Cons...
89
10K
Sampoplc-AR_2004
1,572
Financial and insurance institutions 2 2 2 2 Households – – – –
13
annual_report
4756
1,763
Our long-term care insurance business increased $123 million mainly attributable to growth of our in-force block from new sales and in-force rate actions.
23
10K
fr_axa-AR_2008
6,497
FINANCIAL RESULTS OVER THE PAST FIVE YEARS Year ending Year ending Year ending Year ending Year ending December 31, December 31, December 31, December 31, December 31, (in euro million) 2004 2005 2006 2007 2008 1 – CLOSING BALANCE SHEET SUMMARY
41
annual_report
fr_axa-AR_2003
3,181
Minority Interests The minority interests’ share of total equity in 2003 included €1,288 million in respect of Alliance Capital, with the remaining balance relating to non-wholly owned operations in Australia / New Zealand, Germany and Japan.
36
annual_report
2853
1,131
(2) The category Specialty reinsurance consists of contracts that are predominantly exposed to U.S. and worldwide risks.
17
10K
4310
4,254
declared by the Holding Company’s Board of Directors or a duly authorized committee of the Board. If dividends are declared on the Series A preferred shares, they will be payable quarterly, in arrears, at an annual rate of the greater of: (i) 1.00% above 3-month LIBOR on the related LIBOR determination date; or (ii) 4....
195
10K
SwissReAG-AR_2019
5,944
Many of our recent efforts to expand insurance protection cover losses from natural catastrophes and weather volatility (eg drought or excessive rainfall). As climate change is predicted to increase these losses, such transactions also help communities strengthen their climate resilience. Furthermore, we have found tha...
61
annual_report
1589
417
The following combined ratio information is derived from the insurance subsidiaries, PICO and PACO, GAAP operating results:
17
10K
4281
1,814
For regulatory purposes, the Company’s Insurance Subsidiaries prepare their statutory basis financial statements in accordance with practices prescribed or permitted by the state they are domiciled in (“statutory basis” or “SAP”). The more significant SAP variances from GAAP are as follows:
41
10K
INGGroepNV-AR_2009
3,837
Economic sectors not shown in above table have past due loans of less than EUR 150 million, and are grouped under Other.
22
annual_report
5753
997
In determining fair value of the earn-out obligation, the acquired business’s future performance is estimated using financial projections of future earnings developed by management that are discounted to a present value using a risk-adjusted rate that takes into consideration the likelihood that the forecasted earn-out...
92
10K