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AegonNV-AR_2005
1,432
Valuation of assets and liabilities arising from life insurance contracts The liability for life insurance contracts with guaranteed or fixed account terms is either based on current assumptions or on the assumptions established at inception of the contract, reflecting the best estimates at the time increased with a ma...
117
annual_report
3018
1,631
VOBA is also adjusted for amounts relating to unrealized investment gains and losses. This adjustment, net of tax, is included with unrealized investment gains or losses that are recorded in accumulated other comprehensive income (loss). VOBA was increased (decreased) by $0.5 million and $(1.2) million at December 31, ...
60
10K
ch_zurich_insurance_group-AR_2009
12
This document is printed on Hello Silk paper. The paper is made from 100% virgin wood fiber from well-managed forests independently certified according to the rules of the Forest Stewardship Council (FSC). It is manufactured at a mill that is certified to ISO14001 and EMAS environmental standards. The mill uses pulps t...
78
annual_report
5852
1,229
The financial information of Equitable Holdings, Inc. should be read in conjunction with the Consolidated Financial Statements and Notes thereto.
20
10K
2919
282
AAC provides premium financing for Crusader policies produced by Unifax in California. The growth of this program is dependent and directly related to the growth of Crusader's written premium and AAC's ability to market its competitive rates and service. Premium finance charges and fees earned decreased $175,204 (19%) ...
160
10K
de_allianz-AR_2019
1,847
Risk’s operational responsibility encompasses assessing risks and monitoring limits and accumulations of specific risks across business lines, including natural and man-made disasters and exposures to financial markets and counterparties.
29
annual_report
de_allianz-AR_2015
2,447
non-controlling interests non-controlling interests € mn as of 31 December 2015 2014
12
annual_report
PhoenixGroupHoldingsPLC-AR_2011
207
Grow third party sales and revenue in Ignis through a number of areas including: – Sustained investment performance and service for all our clients
24
annual_report
4685
981
Acquisition Cost Ratio: Our acquisition cost ratio decreased from 18.4% in 2012 to 17.9% during 2013, driven by decreases in both segments. In the insurance segment a reduction in acquisition cost ratio is generated by a reduction in the business written through MGAs and higher ceding commissions earned partially offse...
105
10K
Sampoplc-AR_2012
324
If P&C Insurance Holding AB (publ), Sweden, Board Member; Mandatum Life Insurance Company Limited, Vice Chairman of the
18
annual_report
2801
746
As of December 31, 2005, 2004, and 2003, we did not have any relationships with unconsolidated entities or financial partnerships, such as entities often referred to as “structured finance” or “special purpose” entities, which were established for the purpose of facilitating off-balance-sheet arrangements or other cont...
83
10K
4532
478
inconsistent payment patterns. Finally, estimating the paid loss pattern subsequent to the most mature point available in the data analyzed often involves considerable uncertainty for long-tail products such as workers' compensation.
31
10K
4230
4,000
Fixed Maturity Securities-The fair values of the Company’s public fixed maturity securities are generally based on prices obtained from independent pricing services. Prices from pricing services are sourced from multiple vendors, and a vendor hierarchy is maintained by asset type based on historical pricing experience ...
211
10K
NatixisSA-AR_2019
3,212
Coface Austria – BRANCH (Coface Europe) Full consolidation Equity method Holding company Austria
13
annual_report
StandardLifeAberdeenPLC-AR_2009
794
Expected return on free surplus (27) 5 3 3 - (16)
11
annual_report
BaloiseHoldingLtd-AR_2016
2,420
Derivative financial instruments for own account and at own risk 363.2 363.0 250.8 299.0
14
annual_report
HelvetiaHoldingAG-AR_2006
656
Payout ratio: n based on Swiss GAAP FER 27% 30% – – n based on IFRS – 37% 34% 35%
20
annual_report
4846
731
Net Investment Income. Net investment income increased to $36.6 million in 2013 compared to $31.7 million in 2012, due to an increase in yields from new investments primarily in municipal and corporate issues and as we experienced higher average invested assets as a result of investment of new premium revenue.
50
10K
5228
897
Estimation of losses is inherently judgmental. The conditions that affect the claim rate and claim severity include the current and future state of the domestic economy, including unemployment and the current and future strength of local housing markets. The actual amount of the claim payments may be substantially diff...
201
10K
4697
943
We recorded net realized gains of $74.0 million, $194.2 million and $110.6 million, respectively, for 2013, 2012 and 2011. Currently, our portfolio is managed to maximize total return within certain guidelines. In assessing returns under this approach, we include net investment income, net realized gains and losses and...
72
10K
Sampoplc-AR_2019
226
Net investment income, excluding income on unit-linked contracts, increased to EUR 358 million (232). Net income from unit-linked contracts was EUR 908 million (-259).
24
annual_report
2317
913
historical information on defaults not reported on a timely basis by lending institutions. The estimates are continually reviewed and, as adjustments to these liabilities become necessary, such adjustments are reflected in current operations.
33
10K
2570
870
Equity in undistributed net income of subsidiaries ..................... 6,482,143 13,477,158 10,067,507 ----------- ----------- ----------- Net income .............. $13,184,683 $20,349,123 $16,101,738 =========== =========== ===========
23
10K
PosteItalianeSpA-AR_2016
3,292
Fair value though profit or loss – – – – – – – – – –
16
annual_report
NatixisSA-AR_2008
4,172
In February 2008, Natixis’ Operational Risk Department was restructured around seven units corresponding to the Group’s various business lines and activities: CIB (CIB) Capital Markets; ■
26
annual_report
BeazleyPLC-AR_2017
1,406
2. Key audit matters: our assessment of risks of material misstatement
11
annual_report
NatixisSA-AR_2017
4,664
Cash flow hedging is used to hedge future cash flows from an existing or highly probable future transaction.
18
annual_report
HannoverRueckSE-AR_2011
4,012
Income and expenses recognised in the statement of income (1,412) – 5,730 recognised directly in shareholders' equity (3,494) (4) (13,900)
20
annual_report
AvivaPLC-AR_2019
3,058
The cumulative change in fair value of loans attributable to changes in credit risk to 31 December 2019 was a £1,224 million loss (2018: £1,304 million loss).
27
annual_report
NatwestGroupPLC-AR_2014
8,772
Contingent Subscription of the Contingent B shares in the Acquisition and
11
annual_report
3498
1,139
Primary Insurance Operations-Year ended December 31, 2007 versus year ended December 31, 2006
13
10K
4834
1,137
Changes in fair value of insured credit derivatives can be caused by general market conditions, volatility in MBIA Corp.’s credit spreads and volatility in the underlying collateral assets of insured credit derivatives. These factors may result in significant unrealized gains and losses in the Company’s reported result...
68
10K
2221
415
approximates the effective interest method. Dividends and interest income are recognized when earned. Realized gains and losses are included in earnings and are derived using the specific-identification method for determining the cost of securities sold.
35
10K
LloydsBankingGroupPLC-AR_2002
65
The Group’s strategy of maximising shareholder value over time can only be sustainably achieved by putting our customers at the heart of everything we do. Lloyds TSB’s multi-channel banking infrastructure, including internet and telephony services, means that the Group can provide its customers with significant options...
63
annual_report
3087
742
The following table shows the breakdown of net premiums written and earned by our financial guaranty segment’s various product lines for 2006, 2005 and 2004:
25
10K
1324
199
The Company has initially targeted thirteen new states for expansion of its personal lines business during 2000. The Company believes it can further grow and diversify this business through leveraging its existing production underwriter channel of distribution, which consists of 185 professionals located in 40 offices ...
74
10K
SwissReAG-AR_2011
29
Cash and cash equivalents (including 4 139 in 2010 and 36 in 2011 subject to securities lending) 16 928 11 298
21
annual_report
HannoverRueckSE-AR_2017
355
As a consequence of the three hurricanes “Harvey”, “Irma” and “Maria”, and also owing to the forest fires in California, the year under review was one of exceptionally heavy losses for the US market. The combined ratio for the reinsurance market consequently climbed to well over 100%, as against 95% in the previous yea...
122
annual_report
SwissReAG-AR_1925
20
Our Life Department continues its very satisfactory development and the new pro­ duction has more than counterbalanced the influence of the recent depreciation of certain currencies. The results are gratifying, the Mortality rate being favourable. In accordance with our usual custom acquisition costs have been entirely...
48
annual_report
NatixisSA-AR_2019
3,037
Outstanding assets exposed to the Madoff affair as expressed in euros were estimated at €551 million at December 31, 2019 and were fully provisioned for at that date. The effective impact of this exposure will depend on both the extent of recovery of assets invested for Natixis and the outcome of the measures taken by ...
198
annual_report
5833
1,258
In addition, certain directors elected to defer their cash and/or equity retainers into deferred RSUs, which vest immediately or, if applicable, on the dates the RSUs would have vested.
29
10K
4202
1,260
We service our agency distribution channel through our field model, which includes agency management specialists, safety management specialists, claim management specialists and our Underwriting and Claims Service Centers, all of which service the entire population of insurance contracts acquired through each agency.
42
10K
5920
616
•Total capital of $8.4 billion, including common equity of $6.2 billion, preferred equity of $510.0 million, noncontrolling interests of $379.0 million, and debt of $1.4 billion.
26
10K
1629
165
Consolidated Statements of Stockholders' Equity for the Years Ended December 31, 2001, 2000 and 1999
15
10K
5341
1,088
Average liabilities for insurance products, net of reinsurance ceded were $15.2 billion in 2016, up 2.5 percent from 2015 and $14.8 billion in 2015, up 3.4 percent from 2014. Such average insurance liabilities for certain long-term care products were increased by $184 million, $196 million and $126 million in 2016, 201...
133
10K
4770
1,681
Our reported rescission, denial and claim curtailment activity in any given period is subject to challenge by our lender and servicer customers. We expect that a large number of previously denied claims will be resubmitted with the required documentation and ultimately paid; therefore, we have considered this expectati...
167
10K
GjensidigeForsikringASA-AR_2010
884
raNdi B. sætershageN Board member sætershagen was elected member of gjensidige’s Board of directors in 2005, and has been the deputy chairperson of the Board of directors since 2008. Ms. sætershagen works as a consultant and temporary manager in various businesses through her own company. she has formerly held position...
140
annual_report
PosteItalianeSpA-AR_2015
4,971
Justice, for which, under the agreement between Poste Italiane SpA and the MEF, it has already been reimbursed by the Treasury, whilst awaiting acknowledgement of the relevant account receivable from the
31
annual_report
4653
1,693
Sources of information. Claims information received typically includes the loss date, details of the claim, the recommended reserve and reports from the loss adjusters dealing with the claim. In respect
30
10K
NatwestGroupPLC-AR_2015
3,597
Total RWAs UK PBB RoI Banking Banking RBSI CIB Resolution W&G & other Total £bn £bn £bn £bn £bn £bn £bn £bn £bn £bn
24
annual_report
5089
1,327
The expected long-term rate of return used for determining the net US pension scheme expense in 2015 was 7.25% (2014: 7.25%)
21
10K
SwissLifeHoldingAG-AR_2016
3,694
We reviewed the financial budgets approved by management and the board of directors. The financial budgets include details on certain planned activities supporting the expected business development. In particular, we challenged management as to the feasibility of reaching the planned cash flow projections. As part of o...
56
annual_report
4992
469
Net gains on investments, before taxes, totaled $23.5 million in 2013 compared to net gains on investments of $9.0 million during 2012. The 2013 results were heavily influenced by direct trading results with gains of $13.6 million in 2013 compared to gains of $1.5 million in 2012. In addition, limited partnership resul...
216
10K
873
316
The following table sets forth selected financial information for the Company. The selected financial information for each of the years in the three-year period ended December 31, 1998 and at December 31, 1998 and 1997 has been derived from the Company's audited financial statements included elsewhere herein. The finan...
120
10K
2998
611
Revenues for the Insurance Services segment increased 5.7% to $2.25 billion for 2006 compared to 2005. The growth in revenues for 2006 was primarily due to increased premiums and net investment income, though at lower rates of growth than 2005. Revenues for the Insurance Services segment increased 8.6% to $2.13 billion...
68
10K
4974
1,421
financial, legal, information systems and human resources services. Fees are based on the fair market value of services rendered and are recorded as operating revenue. Payment is subordinated to the subsidiaries' ability to comply with minimum capital and other restrictive financial requirements of the states in which ...
74
10K
AssicurazioniGeneraliSpA-AR_2019
3,114
Actuarial gains or losses arising from defined benefit plans 161 -30
11
annual_report
TopdanmarkAS-AR_2013
1,066
Note 9. Related parties - continued Significant risk taker Besides the Executive Board one employee of the Group has significant influence on its risk profile. In accordance with an exemption clause this remuneration is not disclosed.
36
annual_report
SwissLifeHoldingAG-AR_2009
1,925
The reportable segments have been identified based on information about the components of the entity that management uses to make decisions about operating matters. The information provided to management focuses on the category of product lines and services. The organisational and management structure within the insura...
83
annual_report
5512
1,993
After evaluating its insureds’ probable liabilities for asbestos and/or environmental claims, the Company evaluates the insurance coverage in place for such claims. The Company considers its insureds’ total available insurance coverage, including the coverage issued by the Company. The Company also considers relevant j...
67
10K
PhoenixGroupHoldingsPLC-AR_2012
1,676
Current service cost 1 1 Interest cost 85 95 Past service cost (3) (16) Curtailment gain – (3) Actuarial losses 181 9 Benefits paid (89) (79)
26
annual_report
INGGroepNV-AR_2006
677
ING’s Green Finance department fi nanced a solar power project in Mali that provides 40,000 people with electricity and a project in the Dominican Republic that ensures the sustainable replacement of buses. Green Finance arranges around EUR 100 million worth of business loans per year for Postbank Green, a Postbank sub...
59
annual_report
682
186
The increasing loss and loss adjustment expense experienced on the business which the Registrant originates and cedes to its reinsurers may also adversely affect the Registrant's profitability in the future. In an effort to reduce it's reliance on reinsurance, the Registrant decreased the ceding percentage from 70% to ...
56
10K
SwissLifeHoldingAG-AR_2015
3,373
Performance Swiss Market Index (SMI) (in %) –2 +10 +20 +15 –8
12
annual_report
5235
779
Where permitted by law or regulatory authority, we collect assessments imposed upon policyholders as a policy surcharge and we record the amounts collected as a liability until we remit the amounts to the regulatory agency that imposed the assessment. During 2016, we received an assessment for $415,000 from the North C...
78
10K
ASRNederlandNV-AR_2019
1,501
Item 1. The organisational perspective It is a.s.r.’s opinion that society may expect a.s.r. to be an efficient insurer who handles the funds entrusted to a.s.r. and the environment in which it operates, in a responsible manner. With respect to the remuneration of the EB, society may expect this to be befitting in view...
77
annual_report
5377
1,723
PSU shares in the preceding table represent aggregate initial target awards and accrued dividend equivalents and do not reflect potential increases or decreases resulting from the performance factor determined after the end of the performance periods. At December 31, 2017, the three-year performance period for the 2015...
92
10K
2169
2,485
Effective May 1995, the Company adopted a Participating Agent Stock Option Plan which provides for the granting of options to purchase up to 300 shares of common stock. The exercise price of all options granted under the plan may not be less than the fair market value of the shares on the date of grant. The term of eac...
147
10K
4463
689
Acquisition costs and other underwriting expenses were $26.7 million for 2010, compared with $13.6 million for 2009, an increase of $13.1 million or 96.0%. We incurred $1.5 million in acquisition costs related to prior accident years in 2010, while we did not make any adjustments to prior accident year acquisition cost...
97
10K
1868
1,349
On February 15, 2001, the Company disposed of all the stock of Principal International Espana, S.A. de Seguros de Vida, a subsidiary in Spain, for nominal proceeds, resulting in a net realized capital loss of $38.4 million, ceasing the business operations in Spain. Total assets of the operations in Spain as of December...
113
10K
5283
1,409
Five putative class action complaints challenging the Merger were filed in the Court of Chancery for the State of Delaware, captioned New Jersey Building Laborers’ Statewide Annuity Fund v. Towers Watson & Co., et al., C.A. No. 11270-CB (filed on July 9, 2015), Stein v. Towers Watson & Co., et al., C.A. No. 11271-CB (f...
318
10K
3239
1,002
The increase in sales primarily was attributable to significant COLI production during 2006.
13
10K
DirectLineInsuranceGroupPLC-AR_2015
1,664
• The Non-Executive Directors are not entitled to receive any compensation for loss of office, other than fees for their notice period. They do not participate in the Group’s bonus, employee share plans or pension arrangements and do not receive any benefits
42
annual_report
ScorSE-AR_2016
1,217
CORpORATE GOVERNANCE AND ExECuTIVE COMpENSATION Executive compensation and share ownership < #2 2.2. EXECUTIVE COMPENSATION AND SHARE OWNERSHIP
18
annual_report
de_allianz-AR_2017
2,752
(Aktiengesetz) do not exceed 10 % of the share capital, and (iii) to the extent necessary to grant a subscription right for new shares to the holders of bonds that carry conversion or option rights or provide for mandatory conversion. The subscription rights for new shares from the Authorized Capital 2014/I and the Con...
85
annual_report
HannoverRueckSE-AR_2011
1,812
finance our cedants’ new business acquisition costs. As in non­life reinsurance, the reserves are essentially calculated according to information provided by our clients and are also determined on the basis of secure biometric actuarial bases.
35
annual_report
TrygAS-AR_2015
1,585
Bonus and premium discounts Bonuses and premium discounts represent anticipated and refunded premiums to policyholders, where the amount refunded depends on the claims record, and for which the criteria for payment have been defined prior to the financial year or when the insurance was taken out.
46
annual_report
AdmiralGroupPLC-AR_2016
301
The Group’s regulatory capital from January 2016 is based on the Solvency II Standard Formula, with a capital add-on to reflect recognised limitations in the Standard Formula with respect to Admiral’s business (predominantly in respect of profit commission arrangements in co- and reinsurance agreements and risks arisin...
55
annual_report
PhoenixGroupHoldingsPLC-AR_2017
624
The Group puts considerable effort into managing relationships with its regulators so that it is able to maintain a forward view regarding potential changes in the regulatory landscape. The Group assesses the risks of regulatory and legislative change and the impact on our operations and lobbies where appropriate. Alth...
86
annual_report
RaiffeisenBankInternationalAG-AR_2009
2,038
For the following subsidiaries syndicate contracts between Raiffeisen International and the respective shareholders exist: Raiffeisenbank a.s. (Czech Republic), Tatra banka a.s. (Slovakia), Raiffeisen Bank, Zrt. (Hungary) namely Raiffeisen-RBHU Holding GmbH (Austria), Raiffeisen Banka d.d. (Slovenia), respectively, as ...
55
annual_report
5550
630
Net premiums earned for 2018 were 12.2% higher than in 2017, primarily due to growth in insurance in force for Arch MI U.S. Growth from 2016 to 2017 primarily reflected the impact of the acquisition of UGC, which occurred as of December 31, 2016.
44
10K
NatixisSA-AR_2011
3,211
Financial collateral encompasses securities and other instruments constituting tangible collateral in accordance with lines b) to f) of Article 338.3 of the French decree of February 20, 2007.
28
annual_report
PosteItalianeSpA-AR_2017
936
Directors’ report on operations for the year ended 31 December 2017 6. Consolidated non-financial statement
15
annual_report
4558
1,035
In July of 2012, the Moving Ahead for Progress in the 21st Century Act (“MAP-21”), which includes pension funding stabilization provisions, was signed into law. These provisions establish an interest rate corridor which is designed to stabilize the segment rates used to determine funding requirements from the effects o...
126
10K
2067
521
On November 9, 2001, AIG received proceeds of approximately $1 billion from the issuance of Zero Coupon Convertible Senior Debentures Due 2031 with an aggregate principal amount at maturity of approximately $1.52 billion. Commencing January 1, 2002, the debentures are convertible into shares of AIG common stock at a co...
97
10K
NatixisSA-AR_2015
4,708
This adjustment applies to valuations that do not account for the counterparty’s credit quality. It corresponds with the expected loss related to a counterparty’s default risk and aims to account for the fact that Natixis cannot recover all of the transactions’market value.
42
annual_report
StandardLifeAberdeenPLC-AR_2020
389
Our pipeline remains strong with mandates awarded but not yet funded across Institutional and Wholesale of £4.6bn as at 31 December 2020. This includes mandates across a broad range of capabilities including Fixed income, Equities and Multi-asset.
37
annual_report
fr_axa-AR_2017
2,324
percentage) over a 3-year period preceding the termination of the term of off ice, and (3) the average consolidated adjusted Return On Equity over the 3 preceding years higher than or equal to 5%.
34
annual_report
3710
1,171
The weighted-average interest rate of commercial paper was 3.07% and 5.19% as of December 31, 2008 and 2007, respectively.
19
10K
1521
276
NET INVESTMENT INCOME, which is the spread between the income earned on invested assets and the interest paid on fixed annuities and other interest-bearing liabilities, totaled $42.1 million in 2000, down from $42.8 million in 1999 and up from $35.2 million in 1998. These amounts equal 2.49% on average invested assets ...
143
10K
1667
420
The increase in both “benefits and losses” and “commissions and other expenses” is primarily attributable to the increase in new business. As a percentage of premiums, benefits and losses were 71.6% in 2001 compared to 70.2% in 2000. The increase is primarily due to continued aging of the life business and higher medic...
85
10K
2252
339
PREMIUM COLLECTION LITIGATION. During 2000, it was determined that one of our hospital-sponsored retrospective programs would not be renewed. This is the only retrospective program in which the full policy premium was not billed at the beginning of the policy period. Rather, and in accordance with the terms of the cont...
116
10K
5851
13,215
Securities for which allowance for credit losses were not previously recorded
11
10K
PhoenixGroupHoldingsPLC-AR_2018
2,120
Financial risk management The Group operates a Risk Management Framework (‘RMF’) consisting of several components, as detailed in the Risk Management section of the Strategic Report. The RMF provides a consistent approach to highlighting and controlling key risks throughout the organisation. This is achieved primarily ...
129
annual_report
2213
518
The Company’s title insurance subsidiary, First American, and its subsidiaries, own or lease buildings or office space in more than 900 locations throughout the United States and abroad, principally for their respective title operations.
34
10K
nl_ing_grp-AR_2017
1,407
• The issuance of shares or rights to subscribe for shares, the restriction or exclusion of pre-emptive rights of shareholders, and delegation of these powers to the Executive Board, subject to a proposal by the Executive Board which has been approved by the Supervisory Board.
45
annual_report
fr_axa-AR_2010
9,983
As Statutory Auditors of AXA and at your request, we have performed audit procedures on AXA and its subsidiaries (the “Company”)
21
annual_report
4891
1,333
Included within land and buildings are assets held under capital leases: At December 31, 2014, cost and accumulated depreciation were $32 million and $8 million respectively (2013: $31 million and $6 million, respectively; 2012: $25 million and $4 million respectively). Depreciation in the year ended December 31, 2014 ...
57
10K
AvivaPLC-AR_2007
2,331
The number of persons employed by the Group was: At 31 December Average for the year
16
annual_report
4821
852
related to UCC's continuing voluntary run-off. Further information regarding Amigo and UCC is discussed within "Liquidity and Capital Resources" below.
20
10K