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
4032
1,358
Net (Losses) Gains on Other Financial Instruments. Net losses on other financial instruments in our financial guaranty investment portfolio were $31.5 million for 2008, compared to net gains of $12.6 million for 2007. The net losses in 2008 were related to the change in fair value of hybrid securities and trading secur...
71
10K
BaloiseHoldingLtd-AR_2007
2,864
Liabilities from banking business and fi nancial contracts with discretionary participation features (DPF) 381.0 –/– –/– –/– –/– 381.0 381.0 recognised at market value through profi t or loss 104.2 6.1 52.1 1,370.2 –/– 1,532.6 1,532.6 in CHF million 5.6.4 Liquidity Risk Both for banks and insurance companies, a latent ...
134
annual_report
4867
2,483
On December 18, 2001 (the “date of demutualization”), The Prudential Insurance Company of America (“Prudential Insurance”) converted from a mutual life insurance company to a stock life insurance company and became an indirect, wholly-owned subsidiary of Prudential Financial.
38
10K
ch_zurich_insurance_group-AR_2019
1,335
Outlook summary for 2020 33 Performance management and short-term incentives: Enhancements to the performance management and incentive approach that were implemented in 2019 will continue to be reviewed and refined to ensure they support the achievement of the Group’s strategic goals and consider the interests of share...
113
annual_report
BaloiseHoldingLtd-AR_2004
1,126
Transactions between business segments and geographical segments within the Baloise Group are conducted on the same terms as transactions with third parties. Information analyzed by geographical and business segments is given in the segment reports, in the Management Information section and in the following tables.
45
annual_report
AegonNV-AR_2013
1,728
N.V. and at country unit levels. Aegon maintains a liquidity policy that requires all operating units to project their sources and uses of liquidity over a two year period under normal and severe business and market scenarios. This policy ensures that liquidity is measured and managed consistently across the company an...
59
annual_report
LloydsBankingGroupPLC-AR_2003
2,035
On 1 August 2003, the Group announced the acquisition of the credit card and personal loan businesses of Goldfish Bank Limited, together with the Goldfish brand and loyalty programme. The acquisition became effective on 30 September 2003 with the transfer of the portfolios to the Group’s subsidiary, Lloyds TSB Bank plc...
129
annual_report
HiscoxLtd-AR_2016
1,880
Deferred tax assets 34,388 29,193 Deferred tax liabilities (51,418) (59,007) Total net deferred tax liability (17,030) (29,814)
17
annual_report
PowszechnyZakladUbezpieczenSA-AR_2015
2,851
including bonuses and special prizes: including bonuses and special prizes: Contracts concluded with high level managers – High level management (Directors of PZU Group), including: Total estimated valued of benefits in kind allocated by PZU and its subsidiaries (PLN thousands) 1 January – 31 December 2015 1 January – ...
52
annual_report
5426
1,046
On August 28, 2012, we completed an offering of $400 million in aggregate principal amount of 5.50% notes due September 2022 (the "5.50% notes"), pursuant to an effective registration statement previously filed with the Securities and Exchange Commission. The notes were priced at 99.513% of par to yield 5.564% annual i...
120
10K
3073
378
* The number of shares issued and outstanding and held by Subsidiary at December 31, 2005 have been adjusted retroactively to reflect the share dividend of two shares for every share outstanding completed in the second quarter of 2006.
39
10K
SwissReAG-AR_2017
852
Life Capital seeks to optimise capital and asset management and to maximise cash generation and return on equity. In the closed book business, the focus remains on achieving operational efficiencies by leveraging our operating platform. In the open book business, Life Capital continued to invest in its technology platf...
65
annual_report
4467
515
For the year ended December 31, 2011, one agency individually produced greater than 5% of the Company's direct written premium.
20
10K
4247
1,903
MICC is a member of the FHLB of Boston and held $70 million of common stock of the FHLB of Boston at both December 31, 2010 and 2009, which is included in equity securities. MICC has also entered into funding agreements with the FHLB of Boston in exchange for cash and for which the FHLB of Boston has been granted a bla...
243
10K
NNGroupNV-AR_2020
186
Strong balance sheet • Optimise risk/return profile of the investment portfolio • Seek additional returns on investments • Engage in longevity transactions
22
annual_report
2211
3,137
The Company establishes liabilities for amounts payable under life and health insurance policies and annuity contracts. Generally, these amounts are payable over a long period of time and the profitability of the products is dependent on the pricing. Principal assumptions used in pricing policies and in the establishme...
76
10K
1982
654
The increase in deferred acquisition costs was approximately $3.1 million more in 2002 than the increase in 2001. This is directly related to the increase in the new business, including annuities, generated by the segment during 2002.
37
10K
582
608
The Company also rents office space totaling 254,136 square feet in Atlanta, Boston, Burlington (VT), Chicago, Columbus, Dallas, Denver, Florham Park (NJ), Hartford, Honolulu, Kansas City (KS), Los Angeles, Minneapolis, New York, Philadelphia, San Francisco, Woodland Hills (CA), Brussels, Beijing, Melbourne, Sydney, Be...
49
10K
gb_prudential-AR_2011
3,576
Long-term business premiums Insurance contract premiums 24,831 23,647 Investment contracts with discretionary participation feature premiums 735 750 Inwards reinsurance premiums 140 171 Less: reinsurance premiums ceded (429) (357)
28
annual_report
5048
2,468
Written premiums are earned over the policy term, which is six months for certain Personal Lines auto business and twelve months for substantially all of the remainder of the Company’s Property and Casualty business. Since the Company earns premiums over the six to twelve month term of the policies, renewal earned pric...
65
10K
359
836
Earnings to fixed charges 6.0 6.0 4.0 Earnings to fixed charges plus preferred dividends 5.4 6.0 3.8
17
10K
5583
5,522
During the year ended December 31, 2018, the Company completed acquisitions for an aggregate purchase price of $82.9 million. For acquisitions in which the Company has not completed its purchase price allocation, preliminary fair value estimates for the assets acquired and liabilities assumed have been recorded. The Co...
86
10K
5179
564
In 2015, 2014 and 2013, we did not exceed our catastrophe reinsurance retention level of $20.0 million.
17
10K
5187
1,266
For the year ended December 31, 2014, actual experience differed from the Company's key assumptions, resulting in favorable incurred costs related to prior years' medical costs payable of $159 million, or 1.0% of the current year incurred costs as reported for the year ended December 31, 2013. Actual completion factors...
71
10K
HiscoxLtd-AR_2004
729
(3) To re-appoint RS Childs who retires as director in accordance with the Articles of Association and the Combined Code.
20
annual_report
3194
1,604
The consolidated financial statements include the accounts of The St. Paul Travelers Companies, Inc. (together with its subsidiaries, the Company). On April 1, 2004, Travelers Property Casualty Corp. (TPC) merged with a subsidiary of The St. Paul Companies, Inc. (SPC), as a result of which TPC became a wholly-owned sub...
202
10K
StorebrandASA-AR_2004
428
The Chairman of the Board reported on Storebrand’s corporate governance policies to the AGM in both 2003 and 2004.
19
annual_report
AdmiralGroupPLC-AR_2005
254
3) Internal audit The Committee is responsible for monitoring and has reviewed the effectiveness of the Group’s Internal Audit function. This involves, inter alia:reviewing, assessing and approving the annual internal audit programme considering the appropriateness of the resource, remit and terms of reference of the i...
129
annual_report
NatixisSA-AR_2008
762
in relation to his duties, the Supervisory Board in its ■
11
annual_report
5558
1,625
A schedule of our non-cancellable contractual obligations at December 31, 2018 was as follows:
14
10K
TopdanmarkAS-AR_2019
129
Regular premiums increased by 21.1% to DKK 874m in Q4 2019 whereas single premiums decreased by 5.6% to DKK 2,118m.
20
annual_report
NatwestGroupPLC-AR_2018
631
 Customer deposits increased by £3.7 billion, or 2.1%, as growth continued across current accounts and savings.
17
annual_report
AvivaPLC-AR_2017
4,580
Contractual obligations for future repairs and maintenance on investment properties are £nil (2016: £nil). Notes 18 and 19 set out the commitments the Group has to its joint ventures and associates.
31
annual_report
gb_prudential-AR_2004
1,840
Based on operating profit after tax and related minority interests before amortisation of goodwill of £791m (£527m) 5 37.2p 25.4p
20
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2010
372
in accordance with item 5.4.1 para. 2 of the german corporate governance code, the Supervisory Board has set itself the following objectives for its future composition: // the main criteria focus on sustained corporate profitability, personal abilities, talents, experience (especially of an international nature), indep...
49
annual_report
3771
1,837
The following table details the values for life settlement contracts as of December 31, 2008.
15
10K
fr_axa-AR_2001
4,452
Management and Other Financial Services. In addition, non-operating activities are conducted by the holding companies. The financial information for AXA’s business segments, and the holding company activities, is presented on a French GAAP basis and is consistent with the presentation provided in the consolidated finan...
48
annual_report
1898
599
The Company has stock option plans for certain directors and key employees. In May 2000, the Company's 1991 Stock Option Plan and 1991 Directors' Stock Option Plan were replaced with the 2000 Stock Option Plan (Key Employee Plan) and the 2000 Directors Stock Option Plan (Nonemployee Director Plan), respectively, upon a...
90
10K
BeazleyPLC-AR_2019
520
A syndicated short term banking facility led by Lloyds Banking Group plc provides potential borrowings up to $225m. Under the facility $225m may be drawn as letters of credit to support underwriting at Lloyd’s. Of this, 100% may be advanced as cash under a revolving facility. The cost of the facility is based on a comm...
74
annual_report
ScorSE-AR_2009
3,396
On 26 March 2008, Lead Plaintiffs moved for leave to file a second amended complaint.
15
annual_report
PhoenixGroupHoldingsPLC-AR_2014
922
With these changes, the Committee believes the ongoing arrangements to be appropriate.
12
annual_report
1968
713
Bank Loans. In March 2002, Max Re completed a $100.0 million sale of shares of Max Re Diversified to a third party financial institution. Simultaneous with the sale, Max Re entered into a total return swap with the purchaser of these shares whereby Max Re receives the return earned on the Max Re Diversified shares in e...
149
10K
gb_prudential-AR_2006
5,406
Venture investment subsidiaries of the PAC with-profits fund (see below) 230 206
12
annual_report
NatixisSA-AR_2010
1,093
Minutes of each of the Compensation Committee’s Meetings are prepared and sent to individual members. The Chairman of the Committee provides a report on the Committee’s work to the Board of Directors, thereby enabling the Board to be fully informed of its decisions. It is also specifi ed that when these reports are pre...
70
annual_report
SwissReAG-AR_2019
1,083
Raymond K.F. Ch’ien Member, non-executive and independent Born: 1952 Nationality: Chinese
11
annual_report
NatwestGroupPLC-AR_2014
6,951
Losses in year where no deferred tax asset recognised (86) (879) (511)
12
annual_report
1910
459
In preparing our financial statements, we make assumptions about our proportionate share of future investment income that will be earned from the investment of premiums received from underlying policyholders by our ceding companies and about future rates of lapse of policies underlying our annuity reinsurance contracts...
173
10K
gb_prudential-AR_2015
3,383
Properties held for sale – 2 – – – 2 5
11
annual_report
SwissReAG-AR_2017
1,008
Gross premiums and fees growth rate, % −4.5 −20.5 0.5 32.8 −11.4
12
annual_report
5571
4,644
For the Company’s foreign currency forwards, the change in the estimated fair value of the derivative related to the changes in the difference between the spot price and the forward price is excluded from the assessment of hedge effectiveness. For all other derivatives, all components of each derivative’s gain or loss ...
98
10K
Sampoplc-AR_2018
1,267
Intangible assets with finite useful lives are measured at historical cost less accumulated amortisation and impairment losses. Intangible assets are amortised on a straightline basis over the estimated useful life of the asset. The estimated useful lives by asset class are as follows: IT software 3–10 years
47
annual_report
StandardLifeAberdeenPLC-AR_2015
2,069
SLAL has reinsured both the longevity and market risk arising on a portfolio of annuity-in-payment contracts held within the HWPF with Canada Life International Re (the reinsurer). In order to limit counterparty credit exposure, the reinsurer was required to deposit back an amount equal to the reinsurance premium of £6...
113
annual_report
1988
856
The historical PCS amounts have been reclassified to reflect the change in presentation of data services revenues. In cases in which we have assumed an independent obligation to pay our network pharmacy providers and act as a principal in the transaction, we include payments from our plan sponsors for these benefits as...
103
10K
5549
1,354
On July 1, 2018, the Company acquired substantially all of the assets of Fidelis Care for approximately $3,604 million of cash consideration, which includes a working capital adjustment. The purchase price continues to be subject to adjustments related to changes in working capital through June 2019. The acquisition co...
97
10K
SwissReAG-AR_2003
1,300
Ms Klugman, Swiss Re continued to sponsor a number of cat bonds in 2003, most recently through the Arbor programme. What are the benefits of this transaction for the company? The Arbor programme allows us to hedge some of our peak natural catastrophe exposures for our own risk management purposes. Swiss Re acted as sol...
119
annual_report
4853
1,123
Sliding scale commission adjustments of $3.3 million related to large loss activity that has reduced our ceding commission benefit on a large loss quota share treaty.
26
10K
NatixisSA-AR_2016
4,092
The company is also exposed to underwriting risks (life and main risks to which Natixis Assurances is exposed are financial.
20
annual_report
fr_axa-AR_2002
1,570
Contribution to consolidated gross revenues 5,877 6,517 5,682 (a) Includes 15 months of activities for Australia / New Zealand and Hong Kong.
22
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011
327
Total amounts Name Annual performance1, 3 Multi-year performance2, 3 payable set for € set for € €
17
annual_report
2908
493
The FP Segment, in which the Company conducts business through affiliates (the “GIC Affiliates”), produces net interest margin (“FP NIM”) rather than insurance premiums. Like installment premiums, the PV NIM originated is expected to be earned and collected in future periods.
41
10K
TopdanmarkAS-AR_2019
1,216
Note 5. Equity investments in affiliates Topdanmark Forsikring A/S 6,033 6,269 Topdanmark Kapitalforvaltning A/S 97 108 Topdanmark Invest A/S 58 54
21
annual_report
AegonNV-AR_2013
553
Income from fixed annuities is generated by spread on investment earnings over the credited rate, policy fees if applicable, and surrender charges. Fees and surrender charges are not a large source of revenue on fixed annuities.
36
annual_report
2487
378
(b) Leases-Some of the Corporation's subsidiaries maintain their offices in leased premises. Some of these leases provide for the payment of real estate taxes, insurance, and other operating expenses. Rental expenses for operating leases amounted to $38.8, $36.2 and $32.3 in 2004, 2003 and 2002, respectively. These exp...
106
10K
3746
901
The Insurance Companies consist of Navigators Insurance Company, including its U.K. Branch, and its wholly-owned subsidiary, Navigators Specialty Insurance Company. Navigators Insurance Company is our largest insurance subsidiary and has been active since 1983. It is primarily engaged in underwriting marine insurance a...
129
10K
702
288
JP has grown at a rate faster than the overall industry because of acquisitions, its strong financial position, superior claims paying ratings, and efforts to increase distribution sources.
28
10K
5701
713
industry. In the case of mortgage guaranty insurance, rescissions have occurred regularly over the years but have been generally immaterial. Since 2008, however, the Company has experienced a much greater incidence of rescissions due to increased levels of observed fraud and misrepresentations in insurance applications...
127
10K
ScorSE-AR_2013
3,929
Assumed insurance and reinsurance accounts payable (264) (146) (410) (304) (91) (395)
12
annual_report
HannoverRueckSE-AR_2013
2,337
The maximum default risk of the items shown here corresponds to their carrying amounts.
14
annual_report
4592
4,231
During the last three years, 52 direct primary and excess policyholders reported new claims, and claims of 68 policyholders were closed, decreasing the number of active policyholders by 16 during the period. The 16 decrease comprised (13) from 2012, (4) from 2011 and 1 from 2010. The decrease of 13 in 2012 included 15 ...
66
10K
1604
558
On January 18, 2000, January 19, 1999 and January 28, 1998, the Company, through the Travelers Property Casualty Corp. Capital Accumulation Plan (TPC CAP), reissued 467,207, 476,431 and 763,654 shares of treasury stock, respectively, in the form of restricted Class A Common Stock to participating officers and other key...
232
10K
5099
616
our investment portfolio beyond the estimated settlement date of our loss reserves. Funds received in excess of cash requirements are generally invested in additional marketable securities.
26
10K
5493
1,970
Our strategy is founded on the principle of One MetLife, where digital and simplified are the key enablers of our four strategic cornerstones: (i) optimizing value and risk by focusing on our businesses with higher internal rates of return, lower capital intensity, and maximum cash generation, (ii) driving operational ...
125
10K
Sampoplc-AR_2015
3,527
19 Pension contributions to the CEO, deputy CEO and the members of the board
14
annual_report
5697
1,276
American National Insurance Company's payment of dividends to stockholders is restricted by insurance law. The restrictions require life insurance companies to maintain minimum amounts of capital and surplus, and in the absence of special approval, limit the payment of dividends to the greater of the prior year's statu...
107
10K
PowszechnyZakladUbezpieczenSA-AR_2018
1,940
PZU’s earnings and dividend per share in 2010-2018 * the payout ratio net of the dividend payout from excess capital (PLN 2 per share) ** up to the date of preparing this Activity Report, the Management Board has not adopted a resolution concerning the proposed distribution of profit for 2018 Source: PZU data
53
annual_report
4471
1,257
Continued disciplined approach to investing and asset/liability management, including significant hedging to protect against low interest rates.
17
10K
4045
787
In June 2009, the FASB issued new guidance on accounting for the transfers of financial assets. The new guidance, which is now part of ASC 860, Transfers and Servicing, eliminates the concept of a qualifying special-purpose entity (“QSPE”), clarifies and amends the derecognition criteria for a transfer to be accounted ...
237
10K
5695
773
The Company has entered into derivative contracts both for trading purposes and to hedge certain economic risks inherent in its financial asset and liability portfolios. None of Ambac’s derivative contracts are designated as hedges under the Derivatives and Hedging Topic of the ASC. Ambac's derivatives consist primaril...
54
10K
3459
1,416
The method of allocation calls for current taxes to be allocated among all affiliated companies based on a written tax-sharing agreement. Under this agreement, allocation is made primarily on a separate return basis with credit for losses and other tax items utilized in the consolidated return.
46
10K
2272
441
The total DPAC asset balance as of December 31, 2003, was $1.6 billion. The impact of a 1% reduction in the long term investment performance rate assumption on separate accounts in our deferred policy acquisition cost models is an estimated $6.2 million reduction in the deferred policy acquisition cost asset as of Dece...
98
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2004
2,396
Derivative financial instruments Financial instruments whose increase or fall in value is based on and determined by the change in the amount of an underlying value (a particular interest rate, security price, exchange rate, price index, etc.). The main derivatives are futures, forwards, swaps and options.
46
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006
117
Bernd Ottemann_ It definitely was helpful, yes. We arranged a visit to Abu Dhabi by a core team in December, during which we had a detailed discussion about the major requirements and challenges. We benefited significantly from their experience, for example with the core IT systems or with setting up the necessary proc...
89
annual_report
de_allianz-AR_2015
1,014
2 Impact of change in DAC includes effects of change in DAC, URR, and VOBA. It represents the net impact of deferral and amortization of acquisition costs and front-end loadings on operating profit and therefore deviates from the financial statements.
40
annual_report
gb_prudential-AR_2019
5,110
These sensitivities above are shown for interest rates in isolation only and do not include other movements in credit risk that may affect credit spreads and valuations of debt securities. Similar to the sensitivity to equity risk, the sensitivity movements provided in the table above are at a point in time and reflect...
175
annual_report
3369
1,170
All of the Company’s mortgage loans are amortizing loans. As of December 31, 2007 and 2006, the Company’s mortgage loans were distributed throughout the United States as follows (dollars in thousands):
31
10K
SwissReAG-AR_2009
1,270
The Compensation Committee has taken these proposals into consideration while ensuring that the compliance with the proposed regulation brings its intended practical benefits, such as aligning the interests of employees with the long-term interests of shareholders.
36
annual_report
gb_prudential-AR_2009
5,135
ShareGift Shareholders who only have a small number of shares whose value makes it uneconomic to sell them may wish to consider donating them to ShareGift (Registered Charity 1052686). The relevant share transfer form may be obtained from our website www.prudential.co.uk/prudential-plc/investors/ shareholder_services/f...
89
annual_report
5683
1,334
We involved actuarial specialists to assist with our audit procedures which included, among others, an evaluation of the methodology applied by management with those methods used in prior periods. To assess the significant assumptions used by management, we compared the significant assumptions noted above to historical...
99
10K
ASRNederlandNV-AR_2011
1,061
ASR longevity risk is mostly offset by the opposite risk (i.e. mortality risk) in other parts of the life insurance portfolio (unit-linked, funeral, term insurance).
25
annual_report
2814
735
We evaluate goodwill for impairment based on a two-step process. The first step compares the fair value of a reporting unit with its carrying amount, including goodwill. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not impaired and the second step of the impairmen...
137
10K
Sampoplc-AR_2002
329
Sampo Group’s Co-operation Board had eight meetings during the year. The purpose of the board is to promote and develop co-operation between the employer and the staff, and within the staff, as well as to implement the Act on Co-operation within Undertakings in the Group. The committee has 15 members, of whom eight rep...
66
annual_report
SwissReAG-AR_2013
1,571
our information policy goes well beyond legal requirements in establishing transparency in our communications and equal access to the facts for all investors and the public.
26
annual_report
3702
1,047
If we believe a decline in the value of a particular investment is temporary, we record the decline as an unrealized loss on our balance sheet in "accumulated other comprehensive income" in
32
10K
HannoverRueckSE-AR_2002
528
Of the 20 per cent of the earth’s surface that could be agriculturally cultivated, just over one third is used for farming. Mankind uses the remaining areas as living space and for roads and industrial plants. Yet much of what we can reap from the soil lies not on the surface but deep below ground: the currently indisp...
77
annual_report
5406
1,377
2016 vs 2015: The increase of 23.8% is mainly attributable to the increase in gross premiums written as discussed above. This increase is partially offset by the impact of premiums earned in 2015 from the unearned premium reserve assumed from the Catlin Acquisition, on policies written by the acquired entity prior to t...
69
10K
de_allianz-AR_2019
676
Apart from cases of occupational or general disability for medical reasons, the earliest age a pension can be drawn is 62. Should board membership cease before the retirement age is reached, accrued pension rights are maintained if vesting requirements are met.
41
annual_report
AvivaPLC-AR_2015
81
In life insurance, despite the focus on the integration of Friends Life and numerous regulatory developments, we achieved a 19% increase in the Value of New Business. We’ve now achieved 12 consecutive quarters of VNB growth. That speaks for itself.
40
annual_report
StorebrandASA-AR_2006
630
(OSE) with the ticker code STB. Share capital at the start of 2006 was NOK 1,293 million. Following a resolution passed by the annual general meeting of the company held on 3 May 2006, the share capital was reduced on 11 August 2006 by cancelling 8,707,140 own shares held by the company. Following this reduction, share...
79
annual_report
de_allianz-AR_2014
263
The Board of Management manages Allianz SE and the Allianz Group. During the reporting period it comprised eleven members. Its responsibilities include setting business objectives and the strategic direction, coordinating and supervising the operating entities, as well as implementing and overseeing an efficient risk m...
86
annual_report
HannoverRueckSE-AR_2019
1,217
Risk-bearing capacity concept The establishment of the risk-bearing capacity involves determining the total available risk coverage potential and calculating the funds required to cover all risks. This is done in conformity with the parameters of the risk strategy and the risk appetite defined by the Executive Board. T...
99
annual_report