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 |
|---|---|---|---|---|
fr_axa-AR_2016 | 8,565 | State Courts. These actions were brought on behalf of classes of persons who purchased Variable Annuities or variable life insurance policies from AXA Equitable that were subject to the AXA Tactical Manager (ATM) strategy which is a managed volatility strategy in certain variable investment options offered to purchasers of certain AXA Equitable Variable Annuity and variable life insurance contracts. These suits assert claims for breach of contract and allege that AXA Equitable breached express provisions of the contracts/policies when it implemented this strategy. Damages sought are not quantifi ed. During 2015, the Zweiman case was removed from New York State Court to the United States District Court for the Southern District of New | 113 | annual_report |
ScorSE-AR_2019 | 2,107 | Natural catastrophes SCOR’s property business underwritten by the P&C business unit is exposed to multiple insured losses arising from single or multiple natural events, which can be catastrophic. Natural catastrophes, such as hurricanes, typhoons, windstorms, floods, hail, severe winter storms and earthquakes can generate material insured losses in property, engineering and possibly other lines of business. | 56 | annual_report |
2977 | 601 | Cash flows from investing activities were primarily the result of normal purchases and sales of investment securities. Net realized investment gains before income taxes were $652,000, $383,000 and $745,000 during 2004, 2005 and 2006, respectively, from the sale of investments. NAICO received proceeds of $23.8 million, $2.5 million and $21.3 million during 2004, 2005 and 2006, respectively, from the sale of available for sale securities prior to their maturity. During 2004, 2005 and 2006, the market value of NAICO's available for sale fixed-income investments decreased by $581,000, $1.6 million and $1,000, respectively, due primarily to changes in interest rates experienced during this time. The average maturity of NAICO's fixed maturity investments was 4.0 years and 3.4 years at December 31, 2005 and 2006, respectively. | 124 | 10K |
RSAInsuranceGroupPLC-AR_2017 | 3,018 | Reinsurers’ share of provisions for losses and loss adjustment expenses at 1 January 1,530 1,264 | 15 | annual_report |
5957 | 1,729 | The Company has not experienced any credit losses for the years ended December 31, 2020, 2019, or 2018 related to these reinsurers. The Company has set limits on the amount of insurance retained on the life of any one person. The amount of insurance retained by the Company on any one life on traditional life insurance was $500,000 in years prior to mid-2005. In 2005, this retention amount was increased to $1,000,000 for certain policies, and during 2008, it was increased to $2,000,000 for certain policies. During 2016, the retention amount was increased to $5,000,000. | 95 | 10K |
5653 | 1,121 | In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either finance or operating leases based on the principle of whether or not the lease is effectively a financed purchase by the lessee. This classification will determine whether lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. A lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to existing guidance for operating leases today. The new standard requires lessors to account for leases using an approach that is substantially equivalent to existing guidance for sales-type leases, direct financing leases and operating leases. ASU 2016-02 supersedes the previous leases standard, Leases (Topic 840). The standard is effective on January 1, 2019, with early adoption permitted. The Company adopted the standard in the first quarter of 2019. The adoption of ASU 2016-02 will result in an gross up within the consolidated balance sheet of a Right of use asset and Lease liability, with no impact to retained earnings. The Company does not believe the adoption of this standard will have a material impact on the Company’s consolidated financial statements. | 260 | 10K |
HelvetiaHoldingAG-AR_2013 | 2,000 | The variable component of the salary which is dependent on the business results is calculated for the members of the Board of Directors on the basis of the extent of target achievement multiplied by a reference figure of 30 % of the basic salary which is converted into shares. As part of a long-term compensation concept (LTC) for the Board of Directors and the Group and Switzerland Executive Management teams, shares are allocated as a deferred payment for three years hence. The extent of target achievement used to calculate the LTC for all members of the Executive Management and the Board of Directors is based on four criteria: profit, growth, shareholder value and risk-adjusted return. The relevant figure for converting the salary component into a specific number of deferred shares is the average of the stock exchange prices for the Helvetia Holding share for five consecutive trading days from the day on which the business result is announced. A variable payment of CHF 0.4 million was calculated for the Board of Directors for the 2013 financial year (previous year: CHF 0.3 million). This is subject to approval by the Shareholders’ Meeting. The amount represents 820 shares at a price of CHF 455.50 on the reference date of 26 February 2014. This payment is recognised proportionally in the income statement every year until ownership to the shares is transfer red and amounted to CHF 0.3 million for 2013 (previous year: CHF 0.2 million). | 242 | annual_report |
4475 | 959 | Net premiums written amounted to $11.8 billion in 2011, $11.2 billion in 2010 and $11.1 billion in 2009. | 18 | 10K |
PosteItalianeSpA-AR_2015 | 4,168 | Pursuant to a ruling of the General Court of the European Union dated 13 September 2013, which found in favour of the Company. 84 | 24 | annual_report |
PhoenixGroupHoldingsPLC-AR_2016 | 1,444 | – The initial three-year vesting period will run to the three-year anniversary of the making of the LTIP award. At this time, the performance conditions will be determined. | 28 | annual_report |
ch_zurich_insurance_group-AR_2011 | 2,325 | Employee participation On January 1, 2011, and January 1, 2010, the contingent share capital, to be issued to employees of Zurich Financial Services Ltd and Group companies, amounted to CHF 470,836 and CHF 264,383 or 4,708,363 and 2,643,831 fully paid registered shares, respectively, with a nominal value of CHF 0.10 each. | 51 | annual_report |
4067 | 1,207 | At both December 31, 2009 and 2008, the Company held 8 fixed maturities with unrealized capital losses in excess of $10.0. The unrealized capital losses on these fixed maturities equaled $118.2, or 17.7% and $206.3 or 11.7% of the total unrealized capital losses, as of December 31, 2009 and 2008, respectively. | 51 | 10K |
5438 | 795 | In January 2016, FASB issued ASU 2016-01, "Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities," which requires equity investments to be measured at fair value with changes in fair value recognized in net income, requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset, and eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. The amendments in this ASU are effective for public companies for annual reporting periods beginning after December 15, 2017, including interim periods within those fiscal years. Upon adoption, a cumulative-effect adjustment to the balance sheet will be made as of the beginning of the fiscal year of adoption. For the year ended December 31, 2017, accumulated other comprehensive income included $6.5 million of net unrealized gains on equity securities, net of taxes. Adoption of this ASU is not expected to have a material impact on our financial position or cash flows, but may have a material impact on our results of operations in the future as changes in the fair value of equity instruments will be presented in net income rather than other comprehensive income. | 236 | 10K |
nl_ing_grp-AR_2012 | 2,375 | Real estate investments 381 –23 –8 350 Financial assets and liabilities at fair value through profit and loss –725 –366 1 9 –6 –1,087 Deferred acquisition costs and VOBA 2,731 –147 166 –1,301 –98 1,351 | 35 | annual_report |
5340 | 5,182 | For Legacy Investments, our business strategy is to maximize liquidity to AIG Parent and minimize book value impairments while sourcing for our insurance companies attractive assets for their portfolios. Where the asset is under AIG’s sole control, we expect to achieve this through a combination of unaffiliated and affiliated sales and securitizations. Where the asset is not under AIG’s sole control, AIG has fewer options as we may, for example, have fiduciary duty obligations to joint venture partners (such as in our Legacy Global Real Estate book). | 87 | 10K |
3660 | 810 | In accordance with the Company’s 1992 Incentive Plan, the Board of Directors was authorized to grant up to 1,800,000 stock options or share awards. The Board of Directors may grant: (a) incentive stock options within the meaning of Section 422 of the Internal Revenue Code; (b) non-qualified stock options; (c) performance units; (d) awards of restricted shares of the Company’s common stock and other stock unit awards; (e) deferred shares of common stock; or (f) all or any combination of the foregoing to officers and key employees. Stock options granted under this plan expire five or ten years from the date of grant, as specified in an award agreement. Vesting occurs at 50% upon issuance of an option, and the remaining portion vests in 25% increments in each of the following two years. In accordance with the Company’s 1996 Director Stock Option Plan, a maximum of 200,000 stock options were authorized to be granted, which fully vest six months after the grant date. In accordance with the Company’s 2002 Incentive Plan (the “2002 Plan”), the Board of Directors was authorized to grant up to 2,000,000 stock options or share awards. Subject to adjustment as provided in the 2002 Plan, the Board of Directors is authorized to grant: (a) incentive stock options; (b) non-qualified stock options; (c) stock appreciation rights; (d) restricted shares; (e) deferred shares; and (f) performance shares and/or performance units. Further, the Board may authorize the granting to non-employee directors of stock options and/or restricted shares. A total of 28,688, 12,397 and 21,923 restricted shares were issued to the Company’s Board of Directors under the 2002 Plan in 2008, 2007 and 2006, respectively. As of December 31, 2008, an aggregate of twenty-two employees, officers and directors held options under the three plans. | 294 | 10K |
PhoenixGroupHoldingsPLC-AR_2017 | 1,513 | Policy and operation – Executive Directors are expected to retain all shares (net of tax) which vest under the DBSS and under the LTIP (or any other discretionary long-term incentive arrangement introduced in the future) until such time as they hold a minimum of 200% of their base salary in shares. | 51 | annual_report |
gb_prudential-AR_2006 | 3,567 | Investment contracts form a relatively small part of the Group’s long-term business as demonstrated by the carrying value of policyholder liabilities shown in the Group balance sheet. | 27 | annual_report |
737 | 197 | The Company sold a small subsidiary, Crabtree Premium Finance Company, a premium finance company which was not contributing to Company growth or service strategy. On February 27, 1998, most of the assets of this subsidiary were sold to Mepco Insurance Premium Financing, Inc. of Chicago, Illinois. | 46 | 10K |
NatwestGroupPLC-AR_2007 | 3,966 | Group to a receivables trust. The Group continues to be exposed to the risks and rewards of the transferred receivables through its right to excess spread (after chargeoffs ). The SPE is consolidated and the credit card receivables remain on the Group’s balance sheet. | 44 | annual_report |
fr_axa-AR_2000 | 3,618 | In addition to the amortization of goodwill, AXA also has amortization expense related to value of purchased business in-force (VBI), which relates specifically to the Life and Savings Segment, see note 6 “ Business Combinations” | 35 | annual_report |
CNPAssurancesSA-AR_2005 | 57 | Concerning policyholders, several important developments took place in 2004. In particular, the Cour de Cassation, France’s supreme court, handed down four rulings confirming that, unlike certain investment products sold by banks, insurance contracts by definition contain an element of risk. These rulings make our transactions even more legally watertight. We have also taken an important step towards increasing policyholder satisfaction by launching an initiative to make policies and other commercial documents clearer and easier to understand. I will be personally monitoring this initiative, to ensure that continuous improvements are made. | 90 | annual_report |
5389 | 7,430 | The amortized cost and fair value of fixed maturity AFS securities by contractual maturities (in millions) as of December 31, 2017, were as follows: | 24 | 10K |
HiscoxLtd-AR_2005 | 1,376 | 33 Contingencies and guarantees The Company and its subsidiaries are, like all other insurers, continuously involved in legal proceedings, claims and litigation in the normal course of business. The Group does not believe that such actions will have a material effect on its profit or loss and financial condition. | 49 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012 | 1,842 | Munich Re Group Annual Report 2012 4 Investments in affiliated companies and associates | 13 | annual_report |
4589 | 1,109 | The segment had favorable loss development of $25.4 million in 2012, compared to $11.3 million in 2011 and $7.2 million in 2010. The 2012 development consisted of $18.0 million for surety and $7.4 million for credit. In all three years, the favorable development related to lower than expected reported loss development in both our surety and credit product lines. | 59 | 10K |
AegonNV-AR_2006 | 2,225 | The amendments to IAS 21 broadens the defi nition of net investment so that monetary items no longer need to be denominated in either the functional currency of the parent company or the functional currency of the foreign operation. Also, the new standard clarifi es that monetary items resulting from transactions between subsidiaries may also qualify. | 56 | annual_report |
4221 | 4,765 | There are numerous factors, some of which are outside our control, which could have a material impact on our business. We have described these factors in detail under the heading “Risk Factors.” Certain of these factors, which include market conditions, legal and regulatory changes, operational risk and interest rate risk, have a particular impact on our business: | 57 | 10K |
SwissReAG-AR_2016 | 4,884 | We have been engaged to perform assurance procedures to provide limited assurance on the consolidated CO2 emissions reporting and CR topics and sections disclosed with the 2016 Swiss Re Corporate Responsibility Report (“CR Report 2016”). | 35 | annual_report |
2624 | 982 | Weighted average discount rate 5.75% 6.25% Rates of increase in compensation level 3.75 4.00 Expected long-term rate of return on assets 8.25 8.50 ___________________________________________________________________________________ | 24 | 10K |
SwissReAG-AR_2014 | 746 | in the previous year. Both periods benefited from a better than expected natural catastrophe experience and favourable prior-year reserve developments. | 20 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2003 | 1,743 | Acquisition of own shares – – – – – – – –223 –223 | 13 | annual_report |
4055 | 885 | of changes in fair value is recorded within “Asset administration fees and other income.” In addition, investments classified as available for sale are subject to impairment reviews to identify when a decline in value is other-than-temporary. For a discussion of our policies regarding other-than-temporary declines in investment value and the related methodology for recording other-than-temporary impairments of fixed maturity and equity securities, see Note 2 to the Financial Statements. | 69 | 10K |
5472 | 2,324 | The following table presents stock based compensation costs and the effect of deferring such costs as policy acquisition costs, pre-tax. Amortization of previously deferred stock compensation costs is not shown in the table below. | 34 | 10K |
ch_zurich_insurance_group-AR_2017 | 3,027 | Revenues/(expenses) not included in BOP: Net capital gains/(losses) on investments and impairments, net of policyholder allocation 972 499 238 155 35 19 (55) 23 10 168 1,201 863 Net gains/(losses) on divestment of businesses 1 (96) (134) 7 47 – – 5 (2) – – (84) (89) | 47 | annual_report |
3288 | 1,057 | •Income from continuing operations rose to $672 million ($2.10 diluted net income per share) from $447 million ($1.33 diluted net income per share). 2007 income from continuing operations included currency translation gains of $0.06 per share, compared to currency translation losses of $0.04 per share in 2006. | 47 | 10K |
4987 | 1,049 | We lease certain manufacturing, warehouse, retail and office facilities as well as certain equipment. Rent expense for all operating leases was $1,484 million in 2014, $1,396 million in 2013 and $1,401 million in 2012. Future minimum rental payments or operating leases having initial or remaining non-cancellable terms in excess of one year are as follows. Amounts are in millions. | 59 | 10K |
NatwestGroupPLC-AR_2009 | 1,353 | Performance ratios Return on equity (1) (13.3%) 10.1% Net interest margin 1.87% 1.89% Cost:income ratio 72.8% 68.8% | 17 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012 | 1,334 | Turbulent capital markets and low interest rates are causing clients to seek greater investment security. Given the low-interest-rate environment, we will meet our customers ’ need for guaranteed benefits through the creation of new products by our life primary insurers. These will offer not only a certain participation in capital market performance but also the necessary guarantees, which we can hedge on the capital markets. | 65 | annual_report |
1899 | 327 | Amortization of DPAC was $81.8 million for 2002, an increase of $19.7 million, or 31.7%, from $62.1 million reported in 2001. The increase was primarily attributable to higher amortization of $17.2 million on the FPVA product due to an acceleration of amortization subsequent to a decline in variable annuity assets under management, resulting in lower expected future profit margins. See “ - Potential Forward Looking Risks Affecting Profitability - Company Might Have to Write-Off Deferred Policy Acquisition Costs Sooner Than We Had Planned”. The remainder of the year over year increase was primarily attributable to the increase in DPAC amortization in the VUL and level term product lines, as these product lines continue to grow. The increase on variable and level term products was partially offset by a decrease in the UL product line due to unfavorable mortality and a decrease in the GUL product line due to a charge taken in 2001 as part of the Company’s reorganization. See Note 14 to the Financial Statements. | 166 | 10K |
LloydsBankingGroupPLC-AR_2014 | 1,453 | – Tender presentations. All three of the firms were invited to present their audit proposition to a Selection Committee. The Selection Committee was comprised of Mr Luff, Ms Fairbairn and Ms Frew. A number of the Board members were also in attendance for these presentations. | 45 | annual_report |
1215 | 192 | (a) Represents the sum of general net premiums earned, life premium income, net investment income, financial services commissions, transaction and other fees, asset management commissions and other fees, equity in income of minority-owned insurance operations, and realized capital gains (losses). Commencing in 1997, agency operations were presented as a component of general insurance and for years prior to 1997 agency results have been reclassified to conform to this presentation. (b) Per share amounts for all periods presented have been retroactively adjusted to reflect all stock dividends and splits and reflect the adoption of the Statement of Financial Accounting Standards No. 128 "Earnings per Share." (c) Cash dividends have not been restated to reflect dividends paid by SunAmerica Inc. (d) Including commercial paper and excluding that portion of long-term debt maturing in less than one year. | 135 | 10K |
5718 | 5,119 | The 5.75% Notes and 9% Debentures are obligations of our holding company, MGIC Investment Corporation, and not of its subsidiaries. | 20 | 10K |
5187 | 790 | Consolidated short-term investments increased in 2015 compared with 2014 as a result of higher net purchases of short-term investments at the parent company level. The decrease in short-term investments in 2014 compared with 2013 resulted from the Company's investment mix shift toward longer-term holdings. | 44 | 10K |
5483 | 2,694 | million. This represents an impact of 13.7 percent relative to recorded net loss and loss expense reserves of approximately $3.5 billion. | 21 | 10K |
1575 | 453 | Annual maturities of borrowings from FHLB as of December 31, 2000 are as follows (in thousands): | 16 | 10K |
4597 | 490 | Income Tax Expense. The Company was a pass-through entity for federal income tax purposes through June 10, 2011. As a result, no income tax provision has been included in these consolidated financial statements through June 10, 2011, as the related income or loss of the Company was required to be reported by the respective members on their income tax returns. The Company, as permitted under Delaware state law, changed its legal structure from a limited liability company to a corporation effective June 10, 2011. Since the conversion, the Company reports its income or loss on its own tax returns and is responsible for any related taxes. | 106 | 10K |
gb_lloyds_banking_grp-AR_2018 | 3,467 | Active engagement with regulatory bodies and other stakeholders to develop understanding of concerns related to customer treatment, effective competition and market integrity, to ensure that the Group’s strategic conduct focus continues to meet evolving stakeholder expectations. | 36 | annual_report |
HannoverRueckSE-AR_2008 | 320 | Our portfolio here is composed principally of property business, which we further diversified in the year under review. Lines such as personal accident, crop and livestock insurance, motor with limited liability as well as structured covers were systematically expanded. Overall, we observed sustained demand in the year under review for structured products in Asian markets, including for example in India, Indonesia, Thailand, South Korea and the Philippines. In China the global financial market crisis was a key driver of our business opportunities in the area of structured covers. | 88 | annual_report |
LloydsBankingGroupPLC-AR_2002 | 198 | Profit before tax from UK Retail Banking and Mortgages decreased by £33 million to £1,172 million, compared with £1,205 million in 2001. | 22 | annual_report |
4245 | 1,608 | For the year ended December 31, 2010, our actuarial firm determined range of loss and LAE reserves on a net basis range from a low of $55.0 million to a high of $80.1 million, with a best estimate of $63.2 million. The Company’s net loss and LAE reserves are carried at $57.6 million. The Company’s point estimate for its reserves as of December 31, 2010 is 8.7% below our actuary’s best estimate, which reflects management’s current analysis of the status and expected timing of our anticipated claims, our analysis of expected weather patterns in the regions in which we sell policies, our re-focus of our business growth efforts to areas outside of South Florida, and other factors. | 117 | 10K |
INGGroepNV-AR_2020 | 2,637 | ▪ Our leadership plays an active role in offering an environment of open communication and challenge; ▪ Having a robust risk management framework is key; ▪ Managing non-financial risk is as important as managing financial risk; ▪ We take time to learn from best practices and incidents from the past; ▪ We all are accountable for sound risk management and take time to actively educate ourselves; and | 67 | annual_report |
4496 | 784 | At December 31, 2011, our minimum future lease payments under non-cancellable operating leases are: | 14 | 10K |
AssicurazioniGeneraliSpA-AR_2016 | 1,593 | Balance sheet Income statement Statement of comprehensive income Statement of changes in equity Statement of cash flow (indirect method) | 19 | annual_report |
AegonNV-AR_2002 | 1,249 | Commissions and profit sharing from reinsurers —253 —138 — —391 Banking and other activities — — 125 125 | 18 | annual_report |
nl_ing_grp-AR_2012 | 528 | ING NL continued to broaden its Duurzaam Spaarbeleid (sustainable savings policy), which provides consumers with simplified, transparent savings products. It has been integrated in our broader Customer Suitability Programme. | 29 | annual_report |
NatwestGroupPLC-AR_2019 | 2,632 | There is no EAD model for Personal loans. Instead, debt flow (i.e. combined PD x EAD) is directly modelled. | 20 | annual_report |
4814 | 524 | As of the year ended December 31, 2013, 39.9% of the fixed income securities, including treasury bills, bankers’ acceptances, government bonds and corporate bonds had contractual maturities of five years or less. Actual maturities may differ from contractual maturities because certain issuers have the right to call or prepay obligations with or without call or prepayment penalties. Atlas holds cash and high grade short-term assets which, along with fixed income security maturities, management believes are sufficient for the payment of claims on a timely basis. In the event that additional cash is required to meet obligations to policyholders, Atlas believes that high quality securities portfolio provides us with sufficient liquidity. With a weighted contractual duration of 4.7 years, changes in interest rates will have a modest market value impact on the Atlas portfolio relative to longer duration portfolios. Atlas can and typically does hold bonds to maturity by matching duration with the anticipated liquidity needs. | 155 | 10K |
3459 | 1,422 | Federal income tax is less than the amount computed by applying the statutory rate of 35% for the years ended December 31 for the following reasons: | 26 | 10K |
2637 | 1,207 | One of the Company's principal assets through its ownership of IAHC, is the shares of capital stock of Independence American. The Company may rely on dividends from Independence American to meet its obligations for paying principal and interest on outstanding debt obligations, dividends to stockholders and corporate expenses. The payment of dividends by Independence American is subject to regulatory restrictions and will depend on the surplus and future earnings of Independence American, as well as the regulatory restrictions. As a result, should the Company's other sources of funds prove to be inadequate. The Company may not be able to receive dividends from Independence American at times and in amounts necessary to meet its obligations. | 114 | 10K |
gb_lloyds_banking_grp-AR_2004 | 986 | Social security costs 140 143 Other pension costs (note 45) 338 353 | 12 | annual_report |
StandardLifeAberdeenPLC-AR_2008 | 211 | EEV operating profit after tax EEV operating profit after tax increased by 5% to £649m (2007: £617m). The attributable tax rate was 30% in 2008 (2007: 30%). | 27 | annual_report |
3152 | 1,416 | 2006 to 2005 Annual Comparison. Adjusted operating income decreased $116 million, from $202 million in 2005 to $86 million in 2006. Adjusted operating income from corporate operations decreased $86 million, from $97 million in 2005 to $11 million in 2006. Corporate operations investment income, net of interest expense, decreased $79 million primarily reflecting the impact of deployment of our excess capital in our businesses and for share repurchases, increased borrowings, higher short term borrowing rates and less favorable income from equity method investments. These items were partially offset by income from the investment of proceeds from our convertible debt issuances of $2 billion principal amount in November 2005 and $2 billion principal amount in December 2006. We anticipate our investment income, net of interest expense within our corporate operations will continue to decline in future periods as we continue to repurchase shares and experience less favorable earnings on equity method investments reflecting prior sales of the underlying real estate assets within these investments. Adjusted operating income from corporate operations for 2006 also included income of $26 million reflecting market appreciation on shares received by our Financial Advisory segment in connection with the commencement of public trading of stock exchange shares, which shares were transferred to corporate operations during the first quarter of 2006. In 2005, adjusted operating income from corporate operations included $20 million of non-recurring gains from home office property sales. | 232 | 10K |
249 | 534 | NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Citizens Security Group Inc. and Subsidiaries December 31, 1995, 1994 and 1993 | 17 | 10K |
4500 | 3,639 | The Connecticut Department of Insurance (“CTDOI”) permits PRIAC to pledge up to $2.6 billion in qualifying assets to secure FHLBB borrowings through December 31, 2011. PRIAC must seek re-approval from CTDOI prior to borrowing additional funds after that date. Based on available eligible assets as of December 31, 2011, PRIAC had an estimated maximum borrowing capacity, after taking into consideration required collateralization levels and required purchases of activity-based FHLBB stock, of approximately $1.2 billion. | 74 | 10K |
ScorSE-AR_2011 | 5,826 | “Green House Gas Protocol”: “Scope 1”: direct emissions induced by the combustion of fossil energy. From premises to premises, these emissions are generated by the consumption of fuel (heating and backup generator) and the use of a fleet of vehicles, | 41 | annual_report |
StandardLifeAberdeenPLC-AR_2008 | 621 | Demographic and expense The risk that arises from the inherent uncertainties as to the occurrence, amount and timing of future cash flows due to demographic and expense experience differing from that expected, which for the purpose of risk management includes liabilities of insurance and investment contracts. | 46 | annual_report |
StorebrandASA-AR_2004 | 1,317 | In the group’s banking and asset management activities, bonds held as current assets not intended for short-term trading are valued as a single portfolio at the lower of purchase cost and market value. | 33 | annual_report |
NatwestGroupPLC-AR_2014 | 5,441 | Agency business within CIB. Tightening of credit spreads in Europe and long dated spreads in the US also contributed to decrease in fair values. | 24 | annual_report |
TrygAS-AR_2005 | 94 | With all non-Nordic business finally divested or discontinued, we have focused our efforts on the Nordic market. Based on providing products that offer peace of mind, we consolidated our market position in the | 33 | annual_report |
4240 | 1,619 | A third approach stratifies loans into debt service coverage buckets and uses default probabilities implied by a third-party default study for each bucket to project defaults. The implied defaults are converted into losses using a loss severity assumption. This approach relies on year-end financial statements at the property level. In modeling these scenarios, the Company has received financial statements for 2009 or later on approximately 84% of the properties in the pools. As the Company continues to see more current market performance statistics regarding modifications and liquidations in this cycle, the Company will continue to de-emphasize this more actuarial-based approach and focus more on those scenarios which best reflect current market observations. | 112 | 10K |
3376 | 1,205 | In the ordinary course of business and in accordance with general insurance industry practices, the Company purchases excess of loss reinsurance to protect the Company against the impact of large and/or catastrophic losses in its workers’ compensation business. Additionally, the Company is a party to a 100% quota share retroactive reinsurance agreement, (see Note 8). Such reinsurance reduces the financial impact of such losses on current operations and the equity of the Company. Reinsurance makes the assuming reinsurer liable to the ceding company to the extent of the reinsurance coverage provided. It does not, however, discharge the Company from its liability to its policyholders in the event the reinsurer is unable to meet its obligations under its reinsurance agreement with the Company. | 122 | 10K |
ScorSE-AR_2008 | 2,595 | 20.1.6.22 NOTE 22 – OTHER OPERATING AND ADMINISTRATIVE EXPENSES In EUR million 2008 2007 | 14 | annual_report |
4342 | 1,209 | The primary sources of cash flow for Argo Group and its subsidiaries are premiums, reinsurance recoverables, proceeds from sales and redemptions of investments and investment income. The primary cash outflows are claim payments, loss adjustment expenses, reinsurance costs and operating expenses. The nature of insurance is that cash collected for premiums written is invested, interest and dividends are earned thereon, and loss and settlement expenses are paid out over a period of years. This period of time varies by line of business and by the circumstances surrounding each claim. A substantial portion of our loss and loss expenses are paid out over more than one year. Additional cash outflow occurs through payments of underwriting and acquisition costs such as commissions, taxes, payroll and general overhead expenses. Management believes that cash receipts from premiums, proceeds from investment sales and redemptions and investment income are sufficient to cover cash outflows in the foreseeable future. Should the need for additional cash arise, we believe we have access to additional sources of liquidity. | 169 | 10K |
gb_lloyds_banking_grp-AR_2002 | 367 | Excluding the impact of acquisitions, staff numbers decreased by 4,191. This is significantly in excess of the targeted net reduction of 3,000 staff. | 23 | annual_report |
PhoenixGroupHoldingsPLC-AR_2013 | 1,251 | As explained in the Directors’ Remuneration Policy, the Executive Directors are subject to share ownership guidelines. | 16 | annual_report |
3833 | 6,955 | During 2006, AFG repurchased $43.5 million of its 7-1/8% debentures due 2009 for $45.6 million in cash. | 17 | 10K |
gb_prudential-AR_2011 | 5,836 | Underwriting The process of examining, accepting or rejecting insurance risks, and classifying those accepted, in order to charge an appropriate premium for each accepted risk. | 25 | annual_report |
PosteItalianeSpA-AR_2019 | 9,002 | i. Complaint of 2 January 2019, lodged by shareholder Tommaso Marino, concerning the alleged financing of three Casaleggio Associati reports by the Poste Group, news also reported in the “Huffington Post.it” article of 13 November 2018, to which Mr Marino refers in the complaint. In particular, Mr. Marino asked the Board of Statutory Auditors previously in office to assess the correctness of Poste’s actions, not only with respect to the general corporate rules but also and above all with respect to the Poste’s Code of | 85 | annual_report |
AvivaPLC-AR_2008 | 1,975 | Separate opinion in relation to IFRSs As explained in the Accounting Policies to the Group financial statements, the Group, in addition to complying with its legal obligation to comply with IFRSs as adopted by the European Union, has also complied with the IFRSs as issued by the International Accounting Standards Board. | 51 | annual_report |
2013 | 766 | Total unrealized losses on derivatives in the investment portfolio decreased Wealth Management net investment income by $106 million for the year ended December 31, 2002, as compared to a total reduction of $84 million for the year ended December 31, 2001. The majority of the derivative instruments swap fixed for floating rates and reflected unrealized losses as a result of decreasing floating rates. Corporate bond spreads in the portfolio widened significantly and swap spreads tightened despite decreasing interest rates. As a result, the trading portfolio did not have offsetting appreciation of its bonds, thereby reducing investment income. Despite significant losses on derivatives associated with the GIC's, the Company's exposure is limited due to the structure of payment terms at maturity. The contract liabilities are carried at account value and are included with policyholder liabilities. | 134 | 10K |
HannoverRueckSE-AR_2020 | 3 | Equalisation reserve and similar provisions 3,771.4 +22.6% 3,077.4 2,866.8 2,892.1 3,058.0 | 11 | annual_report |
NatixisSA-AR_2010 | 5,419 | BANQUE FRANCO LAO Lending institution/Bank EM 20 11 0 0 France | 11 | annual_report |
SwissLifeHoldingAG-AR_2003 | 429 | There are no mutual cross-directorships with listed companies. Information on further directorships held by individual members of the Swiss Life Holding Board of Directors with other listed companies can be found in the following section. | 35 | annual_report |
PhoenixGroupHoldingsPLC-AR_2015 | 1,063 | The overall weightings between Corporate and Personal performance measures for AIP in 2016 are unchanged from 2015: Ɛ Corporate (financial and strategic) performance measures – 70%. | 26 | annual_report |
gb_prudential-AR_2012 | 1,006 | Risk and capital management adverse for Prudential, including potentially that a signifi cant increase in capital may be required to support its business and that Prudential may be placed at a competitive disadvantage to other European and non-European fi nancial services groups. Prudential is actively participating in shaping the outcome through our involvement in industry bodies and trade associations, including the Chief Risk Offi cer and Chief Financial Offi cer Forums, together with the Association of British Insurers and Insurance Europe (formerly known as the Comité Européen des Assurances). | 89 | annual_report |
gb_lloyds_banking_grp-AR_2015 | 1,438 | Conclusion: Management continues to take satisfactory action in addressing the risks arising from these key lending portfolios, and the Committee will continue to review these core aspects of the Group’s business during the course of 2016. | 36 | annual_report |
90 | 198 | (c) Net realized gain or loss on investments is determined on the basis of specific identification. | 16 | 10K |
gb_prudential-AR_2013 | 2,414 | The revision to the assumption relating to expected returns altered the pension costs by an insignificant amount, with a corresponding equal and opposite effect on the actuarial gains and losses included in other comprehensive income. | 35 | annual_report |
743 | 319 | Insurance premium income is recognized on a monthly pro rata basis over the respective terms of the policies in-force and unearned premiums represent the portion of premiums written which is applicable to the unexpired terms of the policies in-force. | 39 | 10K |
HannoverRueckSE-AR_2014 | 749 | The Hannover Re Group employed 2,534 staff as at 31 December 2014 (previous year: 2,419). The turnover ratio at Home Office in Hannover of 1.5% (2.8%) was well below the level of the previous year. The rate of absenteeism – at 3.6% – was slightly higher than in the previous year (3.4%). The turnover ratio and rate of absenteeism continue to be below the average expected across the industry as a whole. | 72 | annual_report |
NatwestGroupPLC-AR_2016 | 6,110 | Credit valuation adjustments are made when valuing derivative financial assets to incorporate counterparty credit risk. | 15 | annual_report |
4464 | 1,016 | Pursuant to the terms of shareholder agreements with noncontrolling shareholders in certain of our other less than wholly-owned subsidiaries, we may be obligated to acquire their equity ownership interests. The consideration payable for such interests is generally based on the fair value. If we acquired all such outstanding noncontrolling interests as of December 31, 2011, the cost would have been approximately $4 billion. However, the timing and the amount of any such future payments that might be required are contingent on future actions of the noncontrolling owners and future operating results of the related subsidiaries. | 95 | 10K |
NatixisSA-AR_2010 | 4,520 | Unrecognized past service cost 11 27 38 * Of which -€35 million related to a funding surplus. | 17 | annual_report |
NatixisSA-AR_2008 | 258 | Member, Compensation Committee First appointment: 06.03.2009 Term expires: 2012 AGM (3) | 11 | annual_report |
SwissLifeHoldingAG-AR_2019 | 196 | Assets under management by Swiss Life Asset Managers came to CHF 254.4 billion at the end of 2019. Assets from insurance business climbed by around CHF 9.9 billion to CHF 171.4 billion. Due to the long-term nature of its liabilities, Swiss Life invests especially in fixed-income securities, which at the end of 2019 made up 57% of its portfolio. The real estate holding increased further from 20% to 21% and the net equity holding was 4% as at 31 December 2019. | 81 | annual_report |
NatixisSA-AR_2016 | 4,366 | items (2)) and the 3% increase in Specialized Financial Services Corporate & Investment Banking (+11% excluding non-recurring the 4% decrease in Investment Solutions, the 9% increase for up (+11%) in all segments. | 32 | annual_report |
fr_axa-AR_2008 | 1,144 | Net investment result decreased by €28 million (–7%) to €352 million. On a constant exchange rate basis, net investment result increased by €14 million (+4%) as a result of increased average returns (higher bond yields) offset by lower asset base reflecting the current market conditions and the payment of claims related to 2007 weather events. | 55 | annual_report |
gb_prudential-AR_2013 | 968 | — A 100 basis points increase in credit spreads would reduce surplus by £1.3 billion and reduce the economic solvency ratio to 254 per cent. | 25 | annual_report |
1115 | 660 | The Company also faces the risk that one or more of its external suppliers of goods or services ("third party providers") will not be in a position to properly interact with the Company due to the inability of such third party provider to resolve its own Y2K issues. The Company has completed an inventory of its third party provider relationships. In order to assess the Y2K readiness of such third party providers, the Company has developed and forwarded a detailed questionnaire to such providers. As the responses to the questionnaires are received, the Company will evaluate the overall Y2K readiness of its third party provider relationships. However, the Company does not have sufficient information at the current time to determine whether the computer systems of its third party providers will be in compliance with the Y2K requirements as the year 2000 approaches. | 142 | 10K |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.