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MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2017
605
Result from insurance-related investments €m 443 326 35.8 Operating result €m 1,241 4,025 –69.2 Taxes on income €m 298 –760 – Risk-adjusted capital (RORAC) % 1.5 10.9 Economic earnings €bn 0.5 2.3 –75.8 Return on equity (RoE)2 % 1.3 8.1 Consolidated result €m 392 2,581 –84.8 Investments €bn 217.6 221.8 –1.9 Insurance-r...
69
annual_report
5187
1,514
As of December 31, 2015 and 2014, the notional values of these derivative instruments were $750 million.
17
10K
fr_axa-AR_2012
8,902
such as fuel tanks for backup electricity generators, or major air conditioning systems. In 2012, the Group reported 46 sites with a specifi c permit. Their impact on the neighbouring environment is minimal. Nevertheless, being classifi ed, those facilities benefi t from adequate maintenance and their compliance with l...
123
annual_report
2076
1,198
At December 31, 2002, Conseco holds $292.9 million of investments related to a 50 story office building in New York City known as the General Motors Building. Such investments are primarily held in our fixed maturity investment portfolio. In January 2002, Conseco exercised its right to purchase the interest of the othe...
56
10K
ScorSE-AR_2009
322
The main foreign entities of our Group are located in Switzerland, North America, Great Britain and Asia. The shareholders' equity of these entities is denominated mainly in Euros, U.S. dollars, or Pounds Sterling.
33
annual_report
gb_prudential-AR_2015
2,553
Intangible assets attributable to with-profits funds: Goodwill in respect of acquired subsidiaries for venture fund and other investment purposes C5.2(a) 185 186 Deferred acquisition costs and other intangible assets C5.2(b) 50 61
32
annual_report
3840
1,092
Our consolidated balance sheets include the following financial instruments: cash and cash equivalents, investments, receivables, trade accounts payable, medical claims and benefits payable, long-term debt and other liabilities. We consider the carrying amounts of cash and cash equivalents, receivables, other current a...
92
10K
4263
266
Unitrin’s corporate data processing operation leases facilities with aggregate square footage of approximately 36,000 square feet at 2 locations in 2 states. The latest expiration date of the existing leases is in March of 2018.
35
10K
ch_zurich_insurance_group-AR_2011
1,536
3 Zurich RegCaPS Funding Trusts II, V and VI redeemed USD 575 million of Trust Capital Securities II, V and VI on March 30, 2011 (Series II), on April 4, 2011 (Series V) and on April 25, 2011 (Series VI) respectively.
41
annual_report
LloydsBankingGroupPLC-AR_2001
1,300
The assets of the Group’s defined benefit schemes and the expected rates of returns are summarised as follows: Expected long-term rate of Fair value return at 31 at 31 December December £m % pa aaaaaffffffffffffffffffffffffff aaaaaffffffffffffffffffffffffff
36
annual_report
SwissLifeHoldingAG-AR_2008
87
Mission | We are committed to helping people create a financially secure future. For life.
15
annual_report
AdmiralGroupPLC-AR_2006
47
Confused, our intelligent automated car insurance shopper, handled an amazing 9 million quotes contributing £23m to pre-tax profits, up from £9m in 2005. We estimate that Confused now accounts for approaching 30% of the on-line UK private motor market. At the end of October, as planned, we launched Balumba, our on-line...
77
annual_report
ScorSE-AR_2013
5,827
Kingdom and Austria and directors with extensive international experience;  A higher rate of female Board members pursuant to French law, which states that, as at 1 January 2014 and 1 January 2017, 20% and 40% of Board Members, respectively, must be women ; and
45
annual_report
1900
541
Information Technology. Mortgage information operating revenues increased 17.8% in 2002 over 2001 and 32.2% in 2001 over 2000. These increases were primarily attributable to the same factors affecting title insurance mentioned above, as well as acquisition activity. Operating revenues of $14.9 million and $14.2 million...
86
10K
HannoverRueckSE-AR_2010
1,467
declaration of Conformity pursuant to § 161 Stock Corporation Act (AktG) regarding compliance with the German Corporate Governance Code at
20
annual_report
SwissReAG-AR_2011
158
Recent accounting guidance In January 2010, the FASB issued “Improving Disclosures about Fair Value Measurements” (ASU No. 2010-06), an update to Topic 820 – Fair Value Measurements and Disclosures. This new standard implements additional disclosure requirements for the three fair value levels. As required by the updat...
76
annual_report
4585
1,444
The income tax expense or benefit rate is driven by the portion of taxable income or loss generated by our U.S.-based subsidiaries relative to the income or loss generated by our Bermuda-based operations, which are non-taxable. Premiums earned by our U.S. and Bermuda-based subsidiaries generally do not bear a proportio...
101
10K
5584
1,056
and Financial Liabilities," which was effective January 1, 2018, eliminated the available-for-sale classification for
14
10K
StandardLifeAberdeenPLC-AR_2018
658
Assets under management and administration (AUMA) and net flows We have the scale and global reach to offer a broad range of investment capabilities with total AUMA of over £550bn. AUMA fell 9% in 2018 due to net outflows and adverse market movements.
43
annual_report
4110
1,108
Net realized investment losses were $14.4 million and $17.5 million in 2008 and 2007, respectively. Net realized investment gains and (losses), excluding OTTI, were $8.3 million and ($7.4) million in 2008 and 2007, respectively. The realized loss in 2007 was primarily related to the sale of a closed-end investment fund...
137
10K
ch_zurich_insurance_group-AR_2019
32
Our cover: We aim to meet growing demand from customers for ways to encourage health and ‘wellness.’ That includes an app we have introduced in Australia, LiveWell, that is motivating life customers to adopt healthier lifestyles.
36
annual_report
HelvetiaHoldingAG-AR_2014
920
Versicherungen: Head of Corporate Development and Capital Management; 2007: since 1 July 2007 in his current position; Member of
19
annual_report
gb_prudential-AR_2007
456
The total IFRS Operating profit of £189 million was up seven per cent on 2006. Within this, the Established markets (Singapore, Hong Kong and Malaysia) generated £153 million, up 15 per cent from 2006. The North Asia markets (Taiwan, Japan and Korea) generated £16 million, down 20 per cent from last year reflecting inc...
163
annual_report
ScorSE-AR_2010
3,370
23 THIRD-PARTY INFORMATION AND STATEMENTS BY EXPERTS AND DECLARATIONS OF ANY INTEREST
12
annual_report
StandardLifeAberdeenPLC-AR_2009
631
– Events after the reporting period of the IFRS Group financial statements.
12
annual_report
2613
1,091
allowing employers to leverage their purchasing power through associations or other multiple employer arrangements; and
15
10K
HannoverRueckSE-AR_2009
3,093
The Finance and Audit Committee considered inter alia the consolidated financial statement drawn up in accordance with IFRS and the individual financial statement of the parent company Hannover
28
annual_report
5417
1,633
Net incurred losses and LAE for the years ended December 31, 2017, 2016 and 2015 were as follows:
18
10K
ch_zurich_insurance_group-AR_2008
2,457
g) Global development costs Where signifi cant development work is performed in one country that is intended to have wider application across Global Life, that cost is shown under Global development costs.
32
annual_report
gb_lloyds_banking_grp-AR_2012
1,905
– determination of bonus pools based on Group performance and adjustment for risk
13
annual_report
PhoenixGroupHoldingsPLC-AR_2015
2,720
The triennial funding valuation of the scheme as at 30 June 2015 commenced during the year and is expected to be completed by September 2016.
25
annual_report
4828
2,191
The following table presents the roll-forward of the credit losses of fixed maturity securities for which the Company has recognized an other-than-temporary-impairment and where the portion of the fair value adjustment related to other factors was recognized in OCI.
39
10K
2239
930
First Second Third Fourth Quarter Quarter Quarter Quarter ----------------------------------------------------------------------------------------------------------------------- Premiums and policy fees $ 377,444 $ 376,970 $ 392,131 $ 415,172 Reinsurance ceded (176,683) (200,312) (121,744) (252,657) -------------------...
149
10K
5563
928
The Company has off-balance sheet arrangements related to guarantees, which are further described in Note 31, "Commitments and Contingent Liabilities," to the Consolidated Financial Statements.
25
10K
20
384
We have audited the accompanying consolidated balance sheets of EMC Insurance Group Inc. and Subsidiaries as of December 31, 1993 and 1992, and the related consolidated statements of income, stockholders' equity, and cash flows for each of the years in the three-year period ended December 31, 1993. These consolidated f...
74
10K
3677
2,891
The Company’s Level 2 securities primarily consist of government-sponsored enterprise securities, state and municipal bonds, mortgage-backed securities, asset-backed securities, corporate debt, and money market funds. The Company determines the estimated fair value for its Level 2 securities using the following methods...
103
10K
SwissReAG-AR_2019
6,449
We also encourage our employees to own Swiss Re shares by providing opportunities to participate directly in the long-term success of the Group through the Global Share Participation Plan.
29
annual_report
INGGroepNV-AR_2001
348
Internet site of ING. The Central Works Council of ING discussed the report and was also positive. The report also fulfilled an important function in creating a framework for further dialogue with our stakeholders. The ING in Society report illustrates how
41
annual_report
SwissReAG-AR_2012
3,367
Operating income as a percentage of average invested assets. Invested assets include investments, cash and cash equivalents, securities in transit, financial liabilities and exclude policy loans and certain Group items.
30
annual_report
1370
176
The Company is contingently liable for the portion of the policies reinsured under each of its existing reinsurance agreements in the event SLOC is unable to pay their portion of any reinsured claim. Management believes that any liability from this contingency is unlikely.
43
10K
4103
640
Regulatory and legal developments. On December 7, 2009, the Office of the Commissioner of Insurance for the state of Georgia issued a press release alleging that Stewart Title Guaranty Company violated Georgia’s insurance laws 600,000 times between January 1, 2003 and September 30, 2007, including overcharging for prod...
113
10K
3756
1,161
Consolidated provisions for income taxes were $23.5 million, $42.3 million and $57.0 million for the years ended December 31, 2008, 2007 and 2006, respectively. The consolidated income tax provision for the year ended December 31, 2008 represents the income tax expense associated with the Company’s operations based on ...
99
10K
SwissReAG-AR_2009
2,309
Investments in subsidiaries and affiliated companies 17 403 16 560 Loans to subsidiaries and affiliated companies 16 188 15 396 Mortgages and other loans 756 722
26
annual_report
4266
947
In conjunction with the 2007 acquisition of USAgencies, the Company entered into a $220.0 million senior secured credit facility (the facility) with a syndicate of lenders that consisted of a $200.0 million senior term loan facility, and a revolving facility of up to $20.0 million, depending on the Company’s borrowing ...
51
10K
4505
821
The net increase in DAC, VOBA and other intangible assets was lower for 2011 compared to 2010 primarily due an increase in the amortization of DAC which was driven by an increase in net investment income from call premiums. This increase was partially offset by losses due to the change in fair value of our indexed-base...
71
10K
RaiffeisenBankInternationalAG-AR_2018
1,197
As a result, the opening statement of financial position as at 1 January 2017 was added to the presentation of the statement of financial position pursuant to IAS 1.40A.
29
annual_report
5030
634
Also under the Credit Facility as amended in 2015, the leverage ratio, as of the last day of any fiscal quarter, defined as the ratio of (i) consolidated total funded debt minus unrestricted cash to (ii) consolidated EBITDA, must not be greater than 3.75 to 1.00 through September 30, 2016, with step-downs to 3.50 to 1....
77
10K
4909
856
Rental expense in 2014, 2013 and 2012 for operating leases totaled $48,964,000, $42,992,000, and $39,810,000, respectively.
16
10K
HiscoxLtd-AR_2016
1,648
Net unearned premiums and deferred acquisition costs are treated as non-monetary items in accordance with IFRS. As a result, a foreign exchange mismatch arises caused by these items being earned at historical rates of exchange prevailing at the original transaction date, whereas resulting claims are retranslated at the...
64
annual_report
5052
1,348
During 2015, the Company recorded estimated net favorable development on prior year loss reserves of $285.1 million, which consisted of $224.8 million from the reinsurance segment, $47.2 million from the insurance segment, $12.3 million from the mortgage segment and $0.8 million from the ‘other’ segment.
45
10K
5661
1,290
We incurred issuance costs of $1.5 million in connection with the establishment of the 2018 Revolving Credit Facility, which were deferred and recorded within "Other assets." These costs are being amortized through interest expense over the three-year life of the 2018 Revolving Credit Facility on a straight line basis....
85
10K
StandardLifeAberdeenPLC-AR_2015
3,437
In November 2014, the Company notified the PRA of its intention to call the Euro denominated 5.314% fixed/floating rate Mutual Assurance Capital Securities (MACS) prior to 31 December 2014. At this time these MACS became excluded from regulatory capital resources. The MACS were redeemed in full on 6 January 2015.
50
annual_report
NatixisSA-AR_2011
3,430
Liquidity risk is controlled, managed and monitored in the following manner: • management of each business line’s liquidity consumption: to manage balance sheet growth, liquidity budgets are allocated for each business line as part of the budgetary procedure and approved by the ALM Committee. Consumption is monitored w...
239
annual_report
1498
271
Our industry is heavily regulated and the laws and regulations governing the industry and interpretations of those laws and regulations are subject to frequent change. Existing or future laws could force us to change how we do business and may restrict our revenue and/or enrollment growth and/or increase our health car...
97
10K
2640
1,379
Derivative Instrument Embedded in Modified Coinsurance and Coinsurance with Funds Withheld Arrangements. LNC is involved in various Modco and CFW reinsurance arrangements that have embedded derivatives. The change in fair value of the embedded derivative, as well as the gains or losses on trading securities supporting ...
52
10K
NatixisSA-AR_2003
2,159
Other activities 1 1 1 of which Share in net income/(loss) - - -
14
annual_report
AvivaPLC-AR_2011
1,448
Share capital and control The information required to be provided by the directors pursuant to section 992 of the Companies Act 2006 can be found on page 93 of the Directors’ Report.
32
annual_report
fr_axa-AR_2006
1,578
20%1). As an all-line insurer, Winterthur offers a wide range of products, especially in motor and workers’ compensation.
18
annual_report
PowszechnyZakladUbezpieczenSA-AR_2019
1,153
Bank Pekao’s electronic banking is systematically modernized and developed. In 2019, the bank launched a new release of its electronic banking platform Pekao24 for retail clients. It also works on further development of the PeoPay mobile application and continues to improve its digital solutions dedicated to corporate ...
48
annual_report
5229
542
Impairment of intangible assets with indefinite useful lives is tested at least annually and more frequently as circumstances warrant in accordance with applicable accounting guidance. Accounting guidance allows for the
30
10K
4798
964
On January 29, 2010, in response to RMIC's suit, Countrywide served RMIC with a demand for arbitration under the arbitration clauses of the same Policies. The demand raises largely the same issues as those raised in RMIC's suit against Countrywide, but from Countrywide's perspective, as well as Countrywide's and RMIC's...
117
10K
751
353
In accordance with its current investment guidelines, the Company may invest up to 30% of its investment portfolio in equity securities. This exposure may be obtained by direct holdings of publicly traded equities and by investing in a synthetic equity portfolio. In this synthetic equity portfolio, S&P 500 Index future...
52
10K
2216
855
· the degree to which any appearance of impairment is attributable to an overall change in market conditions (e.g., interest rates) rather than changes in the individual factual circumstances and risk profile of the issuer;
35
10K
2843
931
Deferred income taxes reflect the income tax impact of temporary differences between the amount of assets and liabilities for financial reporting purposes and such amounts as measured by income tax laws and regulations. The deferred income tax expense above does not include $9,258, $6,719 and $844 in 2005, 2004 and 200...
90
10K
AvivaPLC-AR_2008
1,654
– A review of Aviva’s remuneration for its senior management below ED level
13
annual_report
3674
3,495
The pension and postretirement expected long-term rates of return on plan assets for 2009 were determined based upon an approach that considered an expectation of the allocation of plan assets during the measurement period of 2009. Expected returns are estimated by asset class as noted in the discussion of investment p...
137
10K
NatixisSA-AR_2008
3,421
Natixis Financement enjoyed buoyant business, in revolving credit as well as personal loans.
13
annual_report
fr_axa-AR_1999
5,027
AXA Minmetals Insurance Co Ltd (China) (*) 51.00 34.67 – – AXA Non Life Insurance Co Ltd (Japan) 100.00 100.00 100.00 100.00 AXA Reinsurance Asia (Singapore) 100.00 99.72 100.00 99.90 GRE Singapore Branch (*) 100.00 100.00 – – Guardian Insurance Ltd Hong Kong (*) 100.00 100.00 – –
48
annual_report
4558
1,465
PLC has established deferred compensation plans for directors, officers, and others. Compensation deferred is credited to the participants in cash, mutual funds, common stock equivalents, or a combination thereof. PLC may, from time to time, reissue treasury shares or buy in the open market shares of common stock to fu...
107
10K
1108
446
In January 1999, the accrued dividends of $206.0 million were paid by the Company to HOLDCO. Further dividends to be paid by the Company to HOLDCO during 1999 will need to be approved by the Insurance Department of the State of Connecticut (the "Department") prior to payment.
47
10K
5285
653
Losses and Loss Expenses. Losses and loss expenses increased to $3,846 million in 2016 from $3,656 million in 2015. The consolidated loss ratio was 61.1% in 2016 and 60.5% in 2015. Catastrophe losses, net of reinsurance recoveries and reinstatement premiums, were $105 million in 2016 compared with $58 million in 2015, ...
119
10K
TopdanmarkAS-AR_2011
996
Investment assets related to unit-linked contracts 2.8 0.4 0.1 3.3 Total financial assets at fair value 34.6 13.0 0.6 48.2
20
annual_report
fr_axa-AR_2005
1,505
– hedging of financial risks when they exceed the tolerance levels set by the Group All products needed to set up hedging programmes involving derivative instruments are designed with the assistance of the Group’s specialist asset management teams (AXA Investment Managers and AllianceBernstein).
43
annual_report
5949
1,403
On June 7, 2019, the Joint Official Liquidators of Platinum Partners Value Arbitrage Fund L.P. (in Official Liquidation) and Principal Growth Strategies, LLC, commenced suit against, among others, CNO Financial Group, Inc., BCLIC, Washington National and 40|86 Advisors, Inc. (collectively, the "CNO Parties") in Delawar...
198
10K
3881
955
FASB Staff Position (FSP) FAS 157-3, Determining the Fair Value of a Financial Asset in a Market That Is Not Active (FSP FAS 157-3)
24
10K
HiscoxLtd-AR_2017
110
I am pleased to say that the migration of our commercial broker channel business to a new IT platform is complete, with art and private client business scheduled for 2018. The commercial team is already benefiting from improved conversion, pricing and service, and our underwriters now have more time to spend with broke...
88
annual_report
5907
966
The age analysis of past due loans is shown below (in thousands, except percentages):
14
10K
INGGroepNV-AR_2002
1,587
C H A N G E I N E M B E D D E D VA L U E O F T H E L I F E O P E R AT I O N S
38
annual_report
5328
920
Our quota share reinsurance treaties in effect for the year ended December 31, 2016 for our personal lines business, which primarily consists of homeowners’ policies, were covered under the 2015/2016 Treaty and the 2016/2017 Treaty. Our quota share reinsurance treaties in effect for the year ended December 31, 2015 for...
70
10K
LloydsBankingGroupPLC-AR_2012
2,350
Risk management oversight Risk division, headed by the chief Risk Officer, consists of thirteen Risk directors and their specialist teams. These teams provide oversight and independent challenge to business management and support senior management and the Board with independent reporting on risks and opportunities. Ris...
82
annual_report
INGGroepNV-AR_2015
1,543
In accordance with the Articles of Association and the Trust Conditions, ING Trust Office voted at its own discretion on the shares for which it did not issue voting proxies and did not receive voting instructions, representing around 43 percent of the total votes that might be cast at the AGM 2015. In voting these sha...
124
annual_report
5900
1,607
In September 2020, our $400.0 million 5.625% senior unsecured notes matured.
11
10K
RaiffeisenBankInternationalAG-AR_2012
1,240
The following table shows the total consideration paid for Polbank and the acquired assets and liabilities recognized at the acquisition date: Cash reserve 339,640
24
annual_report
1078
474
Through its various subsidiaries, the Company owns and utilizes in its operations two offices in Salt Lake City, Utah used for corporate and banking and lending activities (totaling approximately 77,000 sq. ft.). In addition, a subsidiary of the Company owns a facility (totaling approximately 158,500 sq. ft.) primarily...
54
10K
NatwestGroupPLC-AR_2016
117
RBS continues to address its remaining legacy issues and drive forward its restructuring programme � Restructuring costs were £2,106 million for 2016, compared with £2,931 million in 2015, and included a £750 million provision in respect of the plan by the Commissioner responsible for EU competition policy to propose t...
83
annual_report
NatixisSA-AR_2003
1,519
Asset Management and Insurance generated Income before exceptional items and tax of EUR128 million (compared to EUR85 million in 2002) in a slightly more favorable situation for the business lines. NBI increased by 15% and operating expenses by 6%.The latter include a group structure impact (Natexis Intertitres) for 4%...
49
annual_report
5605
9,167
On September 28, 2017, Intact Financial Corporation completed its acquisition of OneBeacon Insurance Group, Ltd. in an all-cash transaction for $18.10 per share.
23
10K
5121
433
On December 7, 2015, GWG Holdings formed a wholly-owned subsidiary, GWG MCA, LLC. On January 13, 2016, GWG MCA, LLC was converted to a corporation and became GWG MCA Capital, Inc. GWG MCA Capital, Inc. was formed to engage in the merchant cash advance business.
45
10K
5497
1,123
•Foreign currency exchange rate risk of the U.S. dollar primarily to the South Korean won, Euro, Taiwan dollar, Chinese yuan renminbi, and British pound. An unfavorable change in exchange rates reduces the carrying value of net assets denominated in foreign currencies.
41
10K
RaiffeisenBankInternationalAG-AR_2007
825
General administrative expenses grew by 29 per cent, or € 490 million, to € 2,184 profit from operating activities on an annual basis
23
annual_report
2190
4,694
Estimates of IBNR are generally subject to a greater degree of uncertainty than estimates of the cost of settling claims already notified to the Company, where more information about the claim event is generally available. IBNR claims often may not be apparent to the insured until many years after the event giving rise...
163
10K
4928
950
Goodwill is not amortized, but rather, is tested for impairment annually, or more frequently if events or changes in circumstances indicate that the asset might be impaired. The Company completes its goodwill impairment test annually as of October 31. Circumstances that could trigger an interim impairment test include:...
85
10K
1878
1,242
Segment after-tax operating income increased 12.9%, or $30.7 million from the prior year. Spread-based products after-tax operating income increased 14.9%, or $31.9 million from the prior year, driven by a 39.7%, or $657.6 million decrease in benefits to policyholders, offset by a decrease in premiums of 99.8%, or $461...
133
10K
gb_lloyds_banking_grp-AR_2003
1,823
c) In certain circumstances the interest payments on these securities can be deferred although in this case neither Lloyds TSB Bank plc nor Lloyds TSB Group plc can declare or pay a dividend until payments are resumed. Any deferred payments will be made good on redemption of the securities. In the event of a winding up...
91
annual_report
ScorSE-AR_2017
2,955
The rental income related to investment property was EUR 48 million in 2017 (2016: EUR 43 million) and the related direct operating expenses amounted to EUR 14 million (2016: EUR 12 million).
32
annual_report
AdmiralGroupPLC-AR_2019
2,349
10% for achieving threshold with straight line relationship to 100% for maximum performance 86.6 points in excess of
18
annual_report
5871
673
Gain on Involuntary Conversion for the year ended December 31, 2020 was approximately $36,969,000. This one-time gain resulted from the transaction with the FDOT. See Note 9 -- “Property and Equipment, Net” to our consolidated financial statements under Item 8 of this Annual Report on Form 10-K.
47
10K
2048
636
Sales volume for Life Operations decreased by $13 million in 2002 as compared with 2001. This decrease was attributable primarily to lower sales of structured settlement annuities, partially offset by increased sales in the individual long term care product. Net earned premiums increased $57 million in 2002 as compared...
71
10K
StandardLifeAberdeenPLC-AR_2020
3,235
Recognised directly in equity Dividends paid on ordinary shares (479) (518) Reclassification of preference shares to liability 30,33 (1) – Shares buyback 26 (402) (390) Transfer between reserves on impairment of subsidiaries 29 1,834 780 Transfer for vested employee share-based payments 38 57 Transfer from the Standard...
120
annual_report
AssicurazioniGeneraliSpA-AR_2015
209
For further information please refer to Clients and Institutions and organizations of the Sustainability Report 2015.
16
annual_report