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 |
|---|---|---|---|---|
3261 | 1,432 | The Company, in common with the insurance and reinsurance industry in general, is subject to litigation and arbitration in the normal course of its business operations. While the outcome of the litigation cannot be predicted with certainty, the Company is disputing and will continue to dispute all allegations that management believes are without merit. As of December 31, 2006, the Company was not a party to any material litigation or arbitration. | 71 | 10K |
NatixisSA-AR_2011 | 3,072 | The increase in exposure at risk in 2011 refl ects the rise in “Banks and investment fi rms” exposure, which is primarily attributable to short-term deposits with Groupe BPCE, offset by a decrease in exposure to “Securitization” and “Sovereigns”. The drop in | 42 | annual_report |
1948 | 874 | Pursuant to a loan and security agreement with an effective date of December 31, 2001 and a funded date of January 3, 2002, Possible Dreams entered into a new financing facility with LaSalle Business Credit, Inc. that provides for a $12,700 revolving line of credit. Amounts drawn on this line of credit bear interest at the prime rate or LIBOR plus 2.50% (4.25% at December 31, 2002). The amount borrowed under this line of credit at December 31, 2002 was $3,044 with an additional $657 of unutilized borrowing capacity. See Note 8 for details of the term debt portion of this refinancing. | 102 | 10K |
NatixisSA-AR_2016 | 2,356 | Laurent Mignon’s gross annual fixed compensation in respect of his office as CEO has remained unchanged since he took office. | 20 | annual_report |
BeazleyPLC-AR_2017 | 246 | We would generally expect to experience some level of volatility between individual divisions, however, we are pleased that our overall premium retention rate remains broadly in line with our five year average. | 32 | annual_report |
nl_ing_grp-AR_2014 | 1,868 | (1) As per 1 January 2013 new VAT legislation was implemented based on which the Dutch SB members qualify as VAT taxable persons and are obliged to charge 21% VAT to ING on their remuneration. | 35 | annual_report |
SwissReAG-AR_1996 | 195 | In the key m otor line, which comprises approximately 40% of total business, lower accident frequencies and another drop in vehicle thefts provided satis factory results. The trend to ever higher compensation for severe bodily injuries is, however, cause for concern. | 41 | annual_report |
AdmiralGroupPLC-AR_2019 | 836 | Alongside this rapid progress on many fronts, some data points were stubbornly stable. The number of consecutive years amongst the top performers in the “Best Places To Work” only nudged up from 19 years to 20. | 36 | annual_report |
DirectLineInsuranceGroupPLC-AR_2015 | 690 | Where the Board believes the Group has capital that is surplus to requirements, it looks to return it to shareholders. | 20 | annual_report |
5839 | 1,103 | •Fixed maturity securities including hard-to-value fixed maturity securities, as described above. | 11 | 10K |
StandardLifeAberdeenPLC-AR_2016 | 2,013 | Our audit work in respect of actuarial assumptions in respect of life insurance contract liabilities included: Assessing the key changes in the assumptions against regulatory and reporting requirements and industry standards | 32 | annual_report |
SwissReAG-AR_2012 | 2,673 | Diluted earnings per share Net income assuming debt conversion and exercise of options 2 638 4 123 Weighted average common shares outstanding 352 202 053 372 719 088 Net income per share in USD 7.49 11.06 Net income per share in CHF2 6.63 10.39 1 Please refer to Note 7 “Debt and contingent capital instruments” 2 The translation from USD to CHF is shown for informational purposes only and has been calculated using the Group’s average exchange rates | 78 | annual_report |
5410 | 1,565 | Reclassification adjustments from accumulated other comprehensive income are included in Other expense/(income), net in the accompanying consolidated statements of comprehensive income. See Note 9 - Derivative Financial Instruments for additional details regarding the reclassification adjustments for the hedge settlements. | 39 | 10K |
ch_zurich_insurance_group-AR_2007 | 398 | The Articles of Incorporation do not provide for any limitations on transferability except for formalities for the transfer of undocumented shares. | 21 | annual_report |
4280 | 1,779 | Form of Stock Option Agreement for Directors (incorporated by reference to exhibit 10.26 to the registrant’s quarterly report on Form 10-Q for the quarter ended June 30, 2003, filed on August 14, 2003 (File No. 001-13664)). | 36 | 10K |
2566 | 1,039 | Other operating expenses in the specialty insurance segment were $161.0 million, $94.7 million and $27.8 million in 2004, 2003 and 2002, respectively and are consistent with our increases in revenues. | 30 | 10K |
127 | 666 | In March, June, September and December 1994, the Company's Board of Directors announced a quarterly Common Stock dividend of $.0375 per share, for a total of 15 cents per share to be paid for 1994. | 35 | 10K |
NatwestGroupPLC-AR_2008 | 1,928 | Annual audit services include all services detailed in the annual engagement letter including the annual audit and interim reviews (including US reporting requirements), periodic profit verifications and reports to regulators including skilled persons reports commissioned by the Financial Services Authority (e.g. Reporting Accountants Reports). | 44 | annual_report |
3427 | 889 | At December 31, 2007, our general liability line of business had recorded reserves, net of reinsurance of $815 million, which represented 35% of our total net reserves. This line of business includes umbrella policies which provide additional limits above underlying automobile and general liability coverages. While favorable development in 2007 for prior years was minimal, two recent changes in our book of business relating to umbrella coverage could create additional volatility in our results: (i) we have grown the number of our commercial umbrella policies at a greater rate than the rest of our commercial lines of business; and (ii) we have raised the net retention of our reinsurance covering these policies. Both of these changes raise the average limits of losses that we retain on a net basis. While management has not identified any specific trends relating to additional reserve uncertainty, our increase in average net retention does create the potential for additional volatility in our reserves. | 158 | 10K |
PhoenixGroupHoldingsPLC-AR_2014 | 2,807 | Dividends received 94 58 Interest received on loans and receivables due from Group entities 48 49 | 16 | annual_report |
BaloiseHoldingLtd-AR_2006 | 1,418 | Internal organization Functions of the Board of Directors Subject to the decision-making authority of the shareholders at the General Meeting, the | 21 | annual_report |
SwissReAG-AR_1951 | 25 | Interest, after deduction of interest due to Life Department . . 18,424,872 58 1,417,312,465 81 | 15 | annual_report |
3648 | 4,095 | In June 2008, the Environmental Protection Agency issued a Notice of Violation (“NOV”) regarding the operations of the Homer City Generating Station, an electrical generation facility. The NOV alleges, among other things, that the electrical generation facility is being operated in violation of certain federal and state Clean Air Act requirements. Homer City OL6 LLC, an entity owned by MLIC, is a passive investor with a minority interest in the electrical generation facility, which is solely operated by the lessee, EME Homer City Generation L.P. (“EME Homer”). Homer City OL6 LLC and EME Homer are among the respondents identified in the NOV. EME Homer has been notified of its obligation to indemnify Homer City OL6 LLC and MLIC for any claims resulting from the NOV and has expressly acknowledged its obligation to indemnify Homer City OL6 LLC. | 137 | 10K |
3021 | 2,773 | Derivative Actions - Southern District of New York. Between October 25, 2004 and July 14, 2005, seven separate derivative actions were filed in the Southern District of New York, five of which were consolidated into a single action. The New York derivative complaint contains nearly the same types of allegations made in the securities fraud and ERISA actions described above. The named defendants include current and former officers and directors of AIG, as well as Marsh & McLennan Companies, Inc. (Marsh), SICO, Starr, ACE Limited and subsidiaries (ACE), General Reinsurance Corporation, PwC, and certain employees or officers of these entity defendants. Plaintiffs assert claims for breach of fiduciary duty, gross mismanagement, waste of corporate assets, unjust enrichment, insider selling, auditor breach of contract, auditor professional negligence and disgorgement from AIG’s former Chief Executive Officer and Chief Financial Officer of incentive-based compensation and AIG share proceeds under Section 304 of the Sarbanes-Oxley Act, among others. Plaintiffs seek, among other things, compensatory damages, corporate governance reforms, and a voiding of the election of certain AIG directors. AIG’s Board of Directors has appointed a special committee of independent directors (special committee) to review the matters asserted in the operative consolidated derivative complaint. The court has approved agreements staying the derivative case pending in the Southern District of New York while the special committee performs its work. The current stay extends until March 14, 2007. | 231 | 10K |
ScorSE-AR_2012 | 3,150 | The following tables set forth the Group’s gross written premiums by geographic region as well as certain assets and liabilities for the financial years ended 31 December 2012, 2011, and 2010. | 31 | annual_report |
SwissReAG-AR_2004 | 340 | In July 2003, the Group entered into one private placement structure. The transaction amounted to NZD 400 million with a maturity of 10 years and a coupon of 7.84%. Interest is payable monthly. | 33 | annual_report |
RSAInsuranceGroupPLC-AR_2019 | 3,680 | Notes to the statement of financial position continued 38) Post-employment benefits and obligations continued All schemes The estimated discounted present values of the accumulated obligations are calculated in accordance with the advice of independent, qualified actuaries. | 36 | annual_report |
ScorSE-AR_2011 | 1,607 | Executive Officer of Total Exploration Production, then Chairman and Chief Executive Officer of Technip SA from | 16 | annual_report |
4051 | 1,737 | Premiums and other considerations increased primarily due to growth in new business related to life insurance products in Japan and Korea, as well as group credit life sales in Europe. Net investment income declined in 2008 compared to 2007 largely due to policyholder trading losses of $6.8 billion in 2008 compared to gains of $2.9 billion in 2007. The increase in policy acquisition and other expenses was due to higher DAC amortization related to higher surrender benefits as a result of the implementation of the new fair value option accounting standard in 2008, benefits related to actuarial adjustments in 2007 and the effect of foreign exchange. | 106 | 10K |
gb_prudential-AR_2017 | 2,805 | B4 Tax charge 196 B5 Earnings per share 201 B6 Dividends 202 | 12 | annual_report |
INGGroepNV-AR_2013 | 3,295 | Level 1 – (Unadjusted) quoted prices in active markets This category includes financial instruments whose fair value is determined directly by reference to published quotes in an active market that ING Group can access. A financial instrument is regarded as quoted in an active market if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service or regulatory agency, and those prices represent actual and regularly occurring market transactions with sufficient frequency and volume to provide pricing information on an ongoing basis. | 88 | annual_report |
4225 | 3,310 | AIG's valuation methodologies for the super senior credit default swap portfolio have evolved over time in response to market conditions and the availability of market observable information. AIG has sought to calibrate the methodologies to available market information and to review the assumptions of the methodologies on a regular basis. | 50 | 10K |
gb_prudential-AR_2019 | 3,493 | Net increase (decrease) in equity 6 123 (8,242) 2,943 2,679 (2,491) 169 (2,322) Balance at beginning of year 166 2,502 21,817 (2,050) (467) 21,968 23 21,991 | 26 | annual_report |
RSAInsuranceGroupPLC-AR_2020 | 2,149 | · Valuation of insurance contract liabilities: the assumptions used in the estimation of the eventual outcome of the claim events that have occurred but remain unsettled at the end of the reporting period. Covid-19 has increased the level of estimation uncertainty with key assumptions impacted, such as frequency, severity and claims development patterns. There is also increased uncertainty relating to the valuation of Covid-19 business interruption (BI) claims. The initial assessed impact of the UK Supreme Court judgement on 15 January 2021 on BI policy wording, and the initial assessed impact of the FBD court judgement in Ireland announced on 5 February 2021, has been included in the actuarial indication of ultimate losses. The ultimate liability could be materially different from the current estimate as legal interpretations and regulatory expectations develop and clarify the criteria for eligible claims, further information becomes available with regard to the number of eligible claimants who meet the required claim criteria, and the extent to which losses are recoverable under reinsurance contracts which depends upon the extent to which reinsurance responds in the manner the Company expects. Outside UK&I, litigation is underway in Scandinavia and Canada that could give rise to a change in assessed cost should the outcome be different to our expectation. Refer to note 39 for additional information. | 216 | annual_report |
AvivaPLC-AR_2001 | 427 | Employees are encouraged to have their say on how they view the Company and their employment through confidential staff opinion surveys. Results are fed back to staff and, where appropriate, action plans are put in place to address key issues. Through their participation, staff can help to shape future employment developments. In addition, regular discussions take place with the staff representative bodies. | 62 | annual_report |
de_allianz-AR_2014 | 369 | 2. Since the last Declaration of Conformity as of December 12, 2013 and its amendment in March 2014, all recommendations of the Code Commission in the version of May 13, 2013 were complied with except for the above mentioned deviation as well as the deviation declared in March 2014. In deviation from Item 5.4.5 para. 1 sentence 2, Mr. Jim Hagemann Snabe was member of the Management Board of SAP AG and held four Supervisory Board mandates in external listed companies at the same time. However, such deviation has expired with Mr. Snabe retiring from his office as Management Board member of SAP AG with effect as of May 21, 2014. | 111 | annual_report |
INGGroepNV-AR_2018 | 5,386 | FI-FM Risk Management Framework defines policies and procedures for the overall management of trading books. Trading activity is systematically reviewed and positions against the mandates are assessed jointly by the first and second lines of defence. | 36 | annual_report |
5350 | 1,023 | The following table presents the amounts due from reinsurers as of December 31, 2017: | 14 | 10K |
3456 | 605 | Earnings from operations in 2006 of $809 million increased $235 million, or 41%, over 2005. OptumHealth operating margin was 18.6% in 2006, up from 18.4% in 2005. Realized improvements in operating cost structure and benefits from the integration of PacifiCare specialty operations in 2006 were partially offset by a business mix shift toward higher revenue, lower margin products. | 58 | 10K |
2846 | 935 | In December 2004, the FASB issued FAS No. 123 (revised 2004), “Share-Based Payment” (“FAS 123R”). FAS 123R is effective January 1, 2006 and replaces FAS No. 123, “Accounting for Stock-Based Compensation” (“FAS 123”) and supersedes APB Opinion No. 25, “Accounting for Stock Issued to Employees” (“APB 25”). As permitted by FAS 123, the Company currently accounts for share-based payments to employees using APB 25’s intrinsic value method and, as such, generally recognizes no compensation expense for employee stock options, or its employee stock purchase plan. Accordingly, the adoption of FAS 123R’s fair value method will have a significant impact on our results of operations, although it will have no impact on our overall financial position. At December 31, 2005, unamortized compensation expense related to outstanding unvested options, as determined in accordance with FAS 123, that the Company expects to record during fiscal 2006 was approximately $2.0 million, before income taxes. The total impact of adoption of FAS 123R cannot be predicted at this time because it will depend on levels of share-based payments granted and shares purchased by employees under the employee stock purchase plan in the future. However, had the Company adopted FAS 123R in prior periods, the impact of that standard would have approximated the impact of FAS 123 as described in the disclosure of pro forma net income and earnings per share in Note 2 to our consolidated financial statements. FAS 123R also requires the benefits of tax deductions in excess of recognized compensation expense to be reported as a financing cash flow, rather than as an operating cash flow as required under current literature. This requirement will reduce net operating cash flows and increase net financing cash flows in periods after adoption. While the Company cannot estimate what those amounts will be in the future (because they depend on, among other things, when employees exercise stock options), the amount of operating cash flows recognized in prior periods for such excess tax deductions were $4.1 million, $5.4 million and $5.7 million in 2005, 2004 and 2003, respectively. | 340 | 10K |
4267 | 943 | Interest on the debentures that would have been payable on the scheduled interest payment dates of April 1, 2009, October 1, 2009 and April 1, 2010 had been deferred for up to 10 years past the scheduled payment date. During this deferral period the deferred interest continued to accrue and compound semi-annually at an annual rate of 9%. | 58 | 10K |
PhoenixGroupHoldingsPLC-AR_2018 | 4,379 | 17. EVENTS AFTER THE REPORTING PERIOD Details of events after the reporting date are included in note I8 to the consolidated financial statements. | 23 | annual_report |
5319 | 1,972 | Our consolidated financial statements are prepared in accordance with GAAP and include the accounts of all wholly-owned subsidiaries. All intercompany accounts and transactions, including intercompany profits and losses, have been eliminated. Certain prior period amounts have been reclassified to conform to current period presentation, including the reclassification to services revenue and cost of services from other income and other operating expense, respectively, of items related to certain contract underwriting activities that were previously reported in the Mortgage Insurance segment, as further described in Note 4 below. On a consolidated basis, the reclassifications increased services revenue, with a corresponding decrease in other income, by $3.4 million in 2015 and $1.3 million in 2014. The reclassifications also increased cost of services, with a corresponding decrease in other operating expenses, by $3.8 million in 2015 and $1.1 million in 2014. These reclassifications are not material to amounts we reported or disclosed in prior periods. | 151 | 10K |
PosteItalianeSpA-AR_2020 | 2,961 | Poste Italiane considers respect for individuals and their professional development to be essential values and is aware that the relational, intellectual, organisational and technical skills of each employee represent a strategic resource for the Group. The Company promotes the dissemination of an inclusive business culture aimed at ensuring respect for equal opportunities, considering the value of each person regardless of gender, reducing situations of individual fragility and enhancing diversity of thought, considered a fundamental resource for the development and growth of the company. | 83 | annual_report |
gb_lloyds_banking_grp-AR_2005 | 490 | The Group has seven sub operational risk types: governance risk, legal and regulatory risk, customer treatment risk, process and resource risk, theft, fraud and other criminal acts risk, people risk and change-related risk each of which is described in further detail below. | 42 | annual_report |
2391 | 2,295 | The following is a summary of geographic region activity as of and for the years ended December 31, 2004, 2003 and 2002. | 22 | 10K |
NatixisSA-AR_2002 | 3,422 | Pension expenses (7.56) (5.70) Other social security expenses (31.47) (30.74) Contractual and regulatory profit sharing (7.14) (7.20) Taxes and equivalent payroll expenses (14.66) (10.48) Allocations to and releases from pension provisions (0.10) 1.22 | 33 | annual_report |
190 | 515 | On November 2, 1994 the James L. Miniter Agency, Inc. ("Agent") filed a lawsuit against Ohio Indemnity alleging that Ohio Indemnity interfered with Agent's broker relationship with a policyholder. The Agent's complaint also alleged that Ohio Indemnity violated Massachusetts Unfair Trade Practices Act which provides for the trebling of damages in some select circumstances. The case is presently pending in the United States District Court for the District of Massachusetts. On February 16, 1995 the Agent made a demand for $5 million (its purported compensatory damages trebled), an amount Ohio Indemnity believes to be unsupported by the facts or law involved in this matter. On June 2, 1995 Ohio Indemnity filed a motion for summary judgement seeking to have Agent's lawsuit dismissed. That motion is presently pending. Should Ohio Indemnity's motion not be granted, Ohio Indemnity is confident that it will nonetheless prevail in this action. | 146 | 10K |
AegonNV-AR_2016 | 1,832 | Adequate capitalization To calculate its Group Solvency Ratio, Aegon applies a combination of the group consolidation methods available under Solvency II which are the Accounting Consolidation and | 27 | annual_report |
NatwestGroupPLC-AR_2015 | 3,896 | and recommending appropriate responses, including the timely mobilisation of change implementation activities. In doing so, it agrees business or function owners of individual risks; and commissions and reviews impact assessments from customer businesses and functions. | 35 | annual_report |
4839 | 692 | In the normal course of business, disputes with clients occasionally arise concerning whether certain claims are covered under our reinsurance policies. We resolve most coverage disputes through the involvement of our claims department personnel and the appropriate client personnel or through independent outside counsel. If disputes cannot be resolved, our contracts generally specify whether arbitration, litigation, or an alternative dispute resolution process will be invoked. There are no coverage disputes at this time for which an adverse resolution would likely have a material impact on our consolidated results of operations or financial condition. | 93 | 10K |
2525 | 651 | We are in a highly competitive industry. Many of our competitors are more established in the health care industry and have a larger market share and greater financial resources than we do in some markets. In addition, | 37 | 10K |
3401 | 539 | stock. The objective of this plan is to provide additional performance incentives to grow Brown & Brown’s pre-tax income in excess of 15% annually. The options are granted at the most recent trading day’s closing market price, and vest over a one-to-10-year period, with a potential acceleration of the vesting period to three to six years based upon achievement of certain performance goals. All of the options expire 10 years after the grant date. | 74 | 10K |
AssicurazioniGeneraliSpA-AR_2017 | 895 | The sections of the Risk Report are structured as follows: — Section B, provides a brief description of the risk management system; — Section C presents the Company’s solvency position and key elements of the capital management; — Section D provides an overview of the risk profile of the Company. | 50 | annual_report |
1284 | 335 | Financial Statement Presentation: Vesta Insurance Group, Inc. (Vesta), and subsidiaries (the Company), was incorporated by Torchmark Corporation ("Torchmark") on July 9, 1993 and capitalized on July 16, 1993 with a $50 million contribution from Torchmark and the contribution from Torchmark of all of the outstanding common stock of J. Gordon Gaines, Inc., Liberty National Reinsurance Company, Ltd, and Vesta Fire Insurance Corporation (Vesta Fire) and its wholly-owned subsidiaries. On November 18, 1993, the Company completed an initial public offering of common stock which resulted in proceeds to the Company of approximately $51 million. At year-end 1999, Torchmark held approximately 5.1 million of the outstanding common stock of the Company with the balance publicly traded. | 114 | 10K |
5401 | 609 | We consider our actual claims payments and incurred loss experience, including the frequency and severity of claims, compared to our actuarial estimates of claims payments and incurred losses in determining whether our overall loss experience has improved or worsened compared to prior periods. We also consider the impact of economic or market factors on particular policy years to determine whether the results of those policy years are indicative of future expectations. In addition, large claims, including large title losses due to independent agency defalcations, are analyzed and reserved for separately due to the potential higher dollar amount of loss, lower volume of claims reported and sporadic reporting of such claims. We evaluate the frequency and severity of large losses in determining whether our experience has improved or worsened. Our method for recording the reserves for title losses on both an interim and annual basis begins with the calculation of our current loss provision rate which is applied to our current premium revenues, resulting in a title loss expense for the period. This loss provision rate is set to provide for losses on current year policies and is determined using moving average ratios of recent actual policy loss payment experience (net of recoveries) to premium revenues. | 205 | 10K |
TrygAS-AR_2010 | 1,625 | Amortisation for the year 0 -12 -121 -133 Impairment writedowns for the year 0 0 -10 -10 a) Addition on acquisition of subsidiary relates to the acquisition of Moderna Försäkringar, see note 29 | 33 | annual_report |
3986 | 5,217 | The Company’s net deferred tax asset of $549.8 million at December 31, 2009 is comprised of gross deferred tax assets and gross deferred tax liabilities. The gross deferred tax assets are primarily related to unrealized investment security losses, actuarial liabilities, and net operating loss (“NOL”) carryforwards, as well as a capital loss carryforward generated in 2009. At December 31, 2009, the Company had $492.8 million of NOL carryforwards and $193.0 million of capital loss carryforwards. If unutilized, the NOL and capital loss carryforwards will begin to expire in 2023 and 2014, respectively. | 92 | 10K |
gb_prudential-AR_2013 | 429 | B Improving efficiency – 80 per cent of policies now processed ‘straight through’ | 13 | annual_report |
4634 | 1,639 | OCI has prescribed an accounting practice that differs from NAIC SAP. Paragraph 7 of Statement of Statutory Accounting Principles No. 60 “Financial Guaranty Insurance” (“SSAP 60”) allows for a deduction from loss reserves for the time value of money by application of a discount rate equal to the average rate of return on the admitted assets of the financial guaranty insurer as of the date of the computation of the reserve. The discount rate shall be adjusted at the end of | 81 | 10K |
SwissLifeHoldingAG-AR_2007 | 2,746 | Swiss Life Belgium SA, Bruxelles Ins. Dis. 100.0% 100.0% full EUR 88 074 | 13 | annual_report |
4005 | 1,553 | Following Paris Re’s acquisition of substantially all of the reinsurance operations of Colisée Re (previously known as AXA RE), a subsidiary of AXA SA (AXA), in 2006, Paris Re and its subsidiaries entered into an issuance agreement and a quota share retrocession agreement to assume business written by Colisée Re from January 1, 2006 to September 30, 2007 as well as the in-force business as of December 31, 2005. The agreements provided that the premium related to the transferred business was retained by Colisée Re and credited to a funds held account. The assets underlying the funds held - directly managed account are maintained by Colisée Re in a segregated investment portfolio and managed by Paris Re. The segregated investment portfolio underlying the funds held - directly managed account is carried at fair value. Realized and unrealized investment gains and losses and net investment income related to the underlying investment portfolio in the funds held - directly managed account inure to the benefit of Paris Re. | 166 | 10K |
5858 | 720 | The Company has investments in various subsidiaries with Euro functional currencies. As a result, the Company is exposed to the risk of fluctuations between the Euro and U.S. dollar exchange rates. As part of its risk management program to fund the JLT acquisition, the Company issued €1.1 billion Senior Notes, and designated the debt instruments as a net investment hedge of its Euro denominated subsidiaries. The hedge is re-assessed each quarter to confirm that the designated equity balance at the | 80 | 10K |
AvivaPLC-AR_2005 | 2,787 | Pre-tax investment returns: Required Capital (% EU minimum) 150%/ 200%/ 200%/ 115% 115% 115% | 14 | annual_report |
4085 | 500 | It is important to note that all investments included in the Company’s financial statements are valued at current fair market values. The evaluation process for determination of other-than-temporary decline in value of investments does not change these valuations but, rather, determines when a decline in value will be recognized in the income statement (other-than-temporary decline) as opposed to a charge to shareholders’ equity (temporary decline). Subsequent recoveries in value of investments which have incurred other-than-temporary impairment adjustments are accounted for as unrealized gains until the security is actually disposed of or sold. At December 31, 2009, unrealized gains include $9.4 million of appreciation on investments previously adjusted for other-than-temporary impairment, compared to $9.2 million of impairment write-downs at that date. This evaluation process is subject to risks and uncertainties since it is not always clear what has caused a decline in value of an individual security or since some declines may be associated with general market conditions or economic factors which relate to an industry, in general, but not necessarily to an individual issue. The Company has attempted to minimize many of these uncertainties by adopting a largely objective evaluation process as described above. However, to the extent that certain declines in value are reported as unrealized at December 31, 2009, it is possible that future earnings charges will result should the declines in value increase or persist or should the security actually be disposed of while market values are less than cost. At December 31, 2009, the total gross unrealized loss included in the Company’s investment portfolio was approximately $.9 million. No individual issue constituted a material amount of this total. Had this entire amount been considered other-than-temporary at December 31, 2009, investment gains would have decreased by $.04 per share for the year, after tax. There would, however, have been no impact on total shareholders’ equity or book value per share since the decline in value of these securities was already recognized as a reduction to shareholders’ equity at December 31, 2009. | 334 | 10K |
ScorSE-AR_2020 | 2,372 | • via the careful consideration of the financial situation of other pool members. This contributes to the application of sound and robust governance. | 23 | annual_report |
StandardLifeAberdeenPLC-AR_2006 | 613 | New business includes new policies written during the period and some increments to existing policies (as discussed below). | 18 | annual_report |
4657 | 5,681 | The fair value of mortgage loans is based on discounted contractual cash flows or, if the loans are impaired due to credit reasons, the fair value of collateral less costs to sell. Risk adjusted discount rates are selected using current rates at which similar loans would be made to borrowers with similar characteristics, using similar types of properties as collateral. The fair value of cost method limited partnerships is determined using reported net asset values of the underlying funds. The fair value of agent loans, which are reported in other investments, is based on | 94 | 10K |
5437 | 314 | Property and casualty operations constitute our largest segment composing 90.0% and 89.8% of our total consolidated premium revenue in 2017 and 2016, respectively. Premium revenues and operating income for the P&C segment for the year ended December 31, 2017 and 2016 are summarized below: | 44 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014 | 845 | The environment of the renewal rounds was highly competitive in 2014 | 11 | annual_report |
NatixisSA-AR_2015 | 5,932 | Assets at fair value through profi t and loss 233,035 14,488 3,536 3,221 280 254,560 | 15 | annual_report |
4432 | 2,286 | In April 2010, the FASB issued ASU No. 2010-15, “How Investments Held through Separate Accounts Affect an Insurer’s Consolidation Analysis of Those Investments” (“ASU 2010-15”), to clarify a consolidation issue for insurance entities that hold a controlling interest in an investment fund either partially or completely through separate accounts. ASU 2010-15 concludes that an insurance entity would not be required to consider interests held in separate accounts when determining whether or not to consolidate an investment fund, unless the separate account interest is held for the benefit of a related party. If an investment fund is consolidated, the portion of the assets representing interests held in separate accounts would be recorded as a separate account asset with a corresponding separate account liability. The remaining investment fund assets would be consolidated in the insurance entity’s general accounts. We adopted the accounting guidance in ASU 2010-15 effective January 1, 2011, and applied the accounting guidance retrospectively to our separate accounts. The adoption did not have a material effect on our consolidated financial condition and results of operations. | 175 | 10K |
gb_lloyds_banking_grp-AR_2014 | 6,333 | There were no movements in other reserves in 2014, 2013 or 2012. | 12 | annual_report |
gb_lloyds_banking_grp-AR_2019 | 2,147 | During the year the Committee has increased focus on climate change, sustainability and the potential impact to the Group and impact on our customers. | 24 | annual_report |
HiscoxLtd-AR_2016 | 37 | Our operations span every continent and we are not overly reliant on any one of our divisions for the Group’s overall profits. | 22 | annual_report |
SwissReAG-AR_2020 | 1,900 | Capital As a result of the cancellation of shares repurchased under the share buy-back programme that was completed on 18 February 2020, the fully paid-in share capital of Swiss Re Ltd as of 31 December 2020 amounted to CHF 31 749 730.60. It is divided into 317 497 306 registered shares, each with a par value of CHF 0.10. | 59 | annual_report |
5006 | 913 | Risk Based Capital (“RBC”) requirements are measures insurance regulators use to evaluate the capital adequacy of American National Insurance Company and its insurance subsidiaries. RBC is calculated using formulas applied to certain financial balances and activities that consider, among other things, risks related to the type and quality of the invested assets, insurance risks associated with an insurer’s products and liabilities, interest rate risks and general business risks. Insurance companies that do not maintain capital and surplus at a level at least 200% of the authorized control level RBC are required to take certain actions. At December 31, 2014 and 2013, American National Insurance Company’s statutory capital and surplus was $2,879,154,000 and $2,667,858,000, respectively. Additionally, each of the insurance subsidiaries had statutory capital and surplus at December 31, 2014 and 2013, substantially above each individual subsidiary’s authorized control level RBC. | 140 | 10K |
AvivaPLC-AR_2002 | 299 | Fund management 5 29 General insurance 881 876 Non-insurance (69) 7 Corporate costs (218) (187) Unallocated interest charges (434) (426) Wealth management (30) (99) | 24 | annual_report |
NatwestGroupPLC-AR_2018 | 2,319 | At 1 January 2017 1,537 1,200 845 31 38 803 1 4,455 Inter segment transfers — — 293 — — (293) — — Currency translation and other adjustments — 8 (7) — — (27) — (26) Repayments and disposals — — — — — (5) — (5) | 47 | annual_report |
4547 | 524 | At December 31, 2012, IBNR loss reserves accounted for $70,321,000, or 17.1 percent, of the property and casualty insurance segment’s total loss and settlement expense reserves, compared to $67,809,000, or 16.1 percent, at December 31, 2011. IBNR loss reserves are, by nature, less precise than case loss reserves. A five percent change in IBNR loss reserves at December 31, 2012 would equate to $2,285,000, net of tax, which represents 6.0 percent of the net income reported for 2012 and 0.6 percent of stockholders’ equity. | 84 | 10K |
5287 | 1,473 | In May of 2016, Boardwalk Pipeline completed a public offering of $550 million aggregate principal amount of 6.0% senior notes due June 1, 2026 and used the proceeds to reduce borrowings under its revolving credit facility. | 36 | 10K |
TrygAS-AR_2013 | 671 | Management works with the Board to ensure that the Group’s strategy | 11 | annual_report |
GjensidigeForsikringASA-AR_2015 | 1,746 | Disposals (308.9) (43.3) (352.2) Exchange differences 0.9 8.5 9.4 As at 31 December 2015 42.6 682.1 724.7 Uncompleted projects 27.6 27.6 As at 31 December 2015, including uncompleted projects 42.6 709.6 752.3 | 32 | annual_report |
4553 | 468 | Underwriting gains were $289 million in 2010 and consisted of gains of $236 million from property business and $53 million from casualty/workers’ compensation business. The property results included $339 million of catastrophe losses incurred primarily from the Chilean and New Zealand earthquakes and weather related losses in Europe, Australia and New England, offset by reductions in liability estimates for prior years’ losses. The underwriting gains of $53 million from casualty/workers’ compensation business reflected overall reductions in estimated prior years’ loss reserves, offset in part by $125 million of accretion of discounted workers’ compensation liabilities and amortization of deferred charges. | 99 | 10K |
LloydsBankingGroupPLC-AR_2017 | 616 | Return on risk-weighted assets of 2.82 per cent, reflecting proactive portfolio optimisation and increased profit. | 15 | annual_report |
AegonNV-AR_2017 | 1,756 | The UK with-profits business is written in the policyholder-owned fund (otherwise called the ‘with-profits fund’). The funds with the highest guaranteed rates have been closed to premiums since 1999, and all funds have been closed to new business with investment guarantees since October 2002 (except for a small increase in regular payments). The fund contains free assets that have not yet been fully distributed to individual policyholders. | 67 | annual_report |
4063 | 567 | Our internally managed equity portfolio invests in U.S. large-cap, dividend-paying companies across many different industries selected based upon their potential for appreciation as well as ability to continue paying dividends. This diversification across companies and industries reduces volatility in the value of the large-cap equity portfolio. In addition, our investment policy guidelines limit the purchase of a specific stock to no more than 2% of the market value of the stock at the time of purchase, and no single equity holding should exceed 5% of the total equity portfolio. | 89 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2011 | 991 | The certificates of the right to participate in the General Meeting issued by the entity maintaining the securities account shall constitute the basis for that entity to prepare a list, which shall then be sent to the National Depository for Securities (“KDPW”) as the entity maintaining the deposit of the securities. | 51 | annual_report |
gb_lloyds_banking_grp-AR_2008 | 3,956 | Amount charged (credited) to equity: Available-for-sale financial assets (note 43) (566) (1) | 12 | annual_report |
fr_axa-AR_2007 | 925 | Underlying earnings increased by €113 million to €182 million. Excluding Winterthur, underlying earnings increased by €50 million (+73%). Winterthur contribution amounted to €63 million. | 24 | annual_report |
AvivaPLC-AR_2014 | 1,716 | The committee would pay no more than it judged reasonably necessary, in the light of all applicable circumstances. | 18 | annual_report |
TopdanmarkAS-AR_2020 | 983 | Cumulative risk Known cumulative risk is where it has been recognised prior to the event that several policyholders could be affected by the same event. In personal lines, Topdanmark's retention is DKK 15m for the first claim, DKK 5m for the subsequent claims up to a total aggregated amount of DKK 50m. DKK 15m for further claims after exhausting of the aggregate cover of DKK 50m. The retention is a maximum of DKK 25m in the SME line. Unknown cumulative risk is where several policyholders could be affected by the same individual event (conflagration damage) without the common risk being recognised prior to the event occurring. The retention is a maximum of DKK 50m. | 114 | annual_report |
1207 | 219 | Due to the significant cash needs during 1999 to pay claims and fund operations the Company decided to eliminate the distinction between securities held to maturity and securities available for sale. As of year-end, the Company has classified all investment securities as available for sale. | 45 | 10K |
5797 | 1,780 | Our general and administrative expense ratio was 3.9% for the year ended December 31, 2018, compared to 4.0% for the year ended December 31, 2017. While the general and administrative expense ratio remained consistent with the prior year, increases in expenses reimbursable to Arch and professional fees were offset by a reduction in fees pertaining to letters of credit outstanding. Starting mid-2017, we altered our strategy for meeting collateral requirements by posting collateral into trusts more frequently than utilizing letters of credit, and therefore the amount of letters of credit outstanding decreased. | 92 | 10K |
gb_prudential-AR_2007 | 4,158 | Prudential is, and may be in the future, subject to legal actions and disputes in the ordinary course of its insurance, investment management and other business operations. These legal actions and disputes may relate to aspects of Prudential’s businesses and operations that are specific to Prudential, or that are common to companies that operate in Prudential’s markets. Legal actions and disputes may arise under contracts, regulations or from a course of conduct taken by Prudential, and may be class actions. Although Prudential believes that it has adequately reserved in all material aspects for the costs of litigation and regulatory matters, no assurance can be provided that such reserves are sufficient. Given the large or indeterminate amounts of damages sometimes sought, and the inherent unpredictability of litigation and disputes, it is possible that an adverse outcome could, from time to time, have an adverse effect on Prudential’s results of operation or cash flows. | 152 | annual_report |
2742 | 671 | Recoverability of certain assets. In the ordinary course of business, we enter into reinsurance contracts to protect against the impact of large, irregularly-occurring losses, to limit our maximum losses and to support our Program Management and Insurance Services segments. The financial reporting for a contract with a reinsurer depends upon whether the contract terms for risk transfer, incurred losses, claim reimbursement and other fund flows are appropriate for treatment as reinsurance in accordance with GAAP. The Company’s reinsurance contracts meet the risk transfer requirements in accordance with GAAP. The Company has no finite risk reinsurance arrangements. Assets for balances due from reinsurance companies and for prepaid reinsurance premiums are recorded for reinsurance contracts. Such assets include the ceded portion of paid losses and LAE, ceded recoverables for losses and LAE and ceded unearned premiums. These are reported on our balance sheet | 141 | 10K |
3712 | 1,466 | The exercise price for stock options issued cannot be less than the fair market value of the underlying common stock as of the grant date. Stock options have a maximum term of ten years after the date of grant and generally vest after three years. At December 31, 2008, approximately 28.72 million shares were available for future grants. | 58 | 10K |
SwissReAG-AR_1961 | 102 | Auditors' Report To the General Meeting of the Shareholders of the Swiss Reinsurance Company, Zurich | 15 | annual_report |
AdmiralGroupPLC-AR_2005 | 840 | To consider and, if thought fit, to pass the following resolutions which will be proposed as Special Resolutions: | 18 | annual_report |
4095 | 2,601 | As of December 31, 2009, Prudential Financial, Prudential Insurance and Prudential Funding had unsecured committed lines of credit totaling $4.34 billion. These facilities are available to each of the borrowers, up to the aggregate committed credit, to be used for general corporate purposes. This amount includes a $1.94 billion 5-year credit facility that expires in May 2012, which includes 21 financial institutions, and a $2.4 billion credit facility, of which $200 million expires in December 2011 and $2.2 billion expires in December 2012, which includes 20 financial institutions. The available credit and number of lenders reflects the removal in January 2009 of Lehman Commercial Paper Inc. for $60 million and Lehman Brothers Bank FSB for $100 million as participants in these facilities. We maintain these facilities primarily as back up liquidity lines for our commercial paper programs, and there were no outstanding borrowings under either facility as of December 31, 2009. Any borrowings made under these outstanding facilities would mature no later than the respective expiration dates of the facilities and would bear interest at the rates set forth in each facility agreement. Within each facility, no single financial institution has more than 15% of the total committed credit. | 199 | 10K |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.