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
5758
700
Investing activities. Cash provided or used by investing activities was primarily driven by purchases of investments, capital expenditures and acquisition of subsidiaries, offset by proceeds from matured and sold investments. During 2019, 2018 and 2017, total proceeds from securities investments sold and matured aggreg...
173
10K
3568
3,022
Includes a pre-tax charge of $178 million in connection with domestic consumer finance’s mortgage banking activities.
16
10K
fr_axa-AR_2018
4,724
Reinsurers’ share in insurance and investment contracts’ liabilities (E) 4,773 1,138 264 1,980 3,905 1,055 (34) 13,081
17
annual_report
ch_zurich_insurance_group-AR_2013
1,105
3 Non-controlling interests pertaining to special operating items are excluded from this line and are offset against special operating items.
20
annual_report
NatixisSA-AR_2018
10,743
Several affiliates manage funds with solidarity investment certification (see 6.3.1.4 Solidarity investment) or climate certification (see section 6.3.2 Green growth: financing the energy transition and combating climate change).
28
annual_report
nl_ing_grp-AR_2011
2,051
Claims incurred but not reported (IBNR) 493 497 3 3 496 500
12
annual_report
ASRNederlandNV-AR_2009
308
Technical result The combined ratio increased in 2009 from 94.1% to 102.1% due to a strong increase in claims for disability, fire and motor vehicles. The claims ratio now amounts to 71% (+8.9%p). The net impact of the higher claims ratio amounts to € 140 million. Meanwhile, measures have been introduced in the field o...
67
annual_report
ch_zurich_insurance_group-AR_2012
1,110
At the heart of the risk management framework is a governance process with clear responsibilities for taking, managing, monitoring and reporting risks. The Group articulates the roles and responsibilities for risk management throughout the organization, from the Board of Directors and the Chief Executive Officer (CEO) ...
72
annual_report
gb_prudential-AR_2016
77
Also in the UK, at M&G, we are focused on careful management of costs and improving performance. In 2016, assets managed by M&G on behalf of external clients increased by 8 per cent to £137 billion, with internal assets taking the total to £265 billion (2015: £246 billion).
48
annual_report
StorebrandASA-AR_2010
1,664
NOK million 2010 2009 interest income on bank deposits 75 30
11
annual_report
SwissReAG-AR_2010
546
CompanyLtd 220 General information 222 Businesscontactdetails 223 Corporatecalendar 224 Glossary 230 Cautionarynoteon
12
annual_report
5652
708
Adjusted operating income is defined as income from operations adjusted for amortization, restructuring costs, transaction and integration expenses, and non-recurring items that, in management’s judgment, significantly affect the period-over-period assessment of operating results.
33
10K
4095
2,275
Other-than-temporary impairments of fixed maturity securities attributable to the Closed Block Business that were recognized in earnings were $520 million and $718 million for the years ended December 31, 2009 and 2008, respectively. Included in the other-than-temporary impairments of fixed maturities attributable to t...
87
10K
2998
1,108
diversified across a number of equity asset categories and stable value assets. The investment goal of the agent pension plan is to invest in stable value assets in order to maintain its funded status.
34
10K
gb_prudential-AR_2007
2,828
Fair value through Total profit Amortised IFRS 4 carrying and loss cost basis value value Fair value
17
annual_report
AssicurazioniGeneraliSpA-AR_2019
1,908
GRI 305: Emissions 305-1 Direct (Scope 1) GHG emissions (b,d,g) 305-2 Energy indirect (Scope 2) GHG emissions (c,d,g) 305-3 Other indirect (Scope 3) GHG emissions (b,e,g) 305-5 Reduction of GHG emissions
31
annual_report
4918
2,584
The valuation of each reporting unit includes the use of assumptions and estimates of many critical factors, including revenue growth rates and operating margins, discount rates and future market conditions, determination of market multiples and the establishment of a control premium, among others. Forecasts of future ...
120
10K
PhoenixGroupHoldingsPLC-AR_2014
1,558
Critical accounting estimates are those which involve the most complex or subjective judgements or assessments. The areas of the Group’s business that typically require such estimates are the measurement of insurance and investment contract liabilities, determination of the fair value of financial assets and liabilitie...
79
annual_report
4097
1,169
Amortization of deferred policy acquisition costs decreased 31% to $88.0 million in 2009 and increased 125% to $126.7 million in 2008 from $56.3 million in 2007. The 2008 increase includes the $14.6 million impact of unlocking discussed above. In general, amortization of deferred policy acquisition costs has been incre...
120
10K
BaloiseHoldingLtd-AR_2016
208
The gains recognised in the income statement were lower than in 2015 because it was not possible to increase the valuations of investment property to the same extent as the previous year� Moreover, impairment losses of CHF 108�2 million gross had to be recognised on financial instruments with characteristics of equity ...
115
annual_report
5541
1,145
The fair value of the Company’s publicly traded $375 million unsecured notes at December 31, 2018 and 2017 was based on the spreads above the risk-free yield curve. These spreads are generally obtained from the new issue market, secondary trading and broker-dealer quotes.
43
10K
2290
725
Both domestic credit facilities provide for mandatory prepayments of all or a portion of amounts funded by the lenders under letters of credit and the revolving loan upon the occurrence of specified events. These events include certain sales of assets, incurrence of additional indebtedness, availability of annual cash ...
62
10K
4201
1,319
This category seeks long-term capital growth in securities of companies that have their principal business activities in countries in the Morgan Stanley Capital International Emerging Markets Free Index.
28
10K
INGGroepNV-AR_2020
6,100
– Designated at fair value through profit or loss 32,540 8,506 1,330 2,181 3,247 11 631 48,444
17
annual_report
AssicurazioniGeneraliSpA-AR_2014
1,561
With regards to the presentation of consolidated investments, the following variations, with respect to the corresponding balance sheet items have been implemented, in order to provide a consistent representation to that used for the calculation of the relative profitability: — Investment Fund Units have been split by ...
111
annual_report
StandardLifeAberdeenPLC-AR_2018
3,109
Change in effect of limit on plan surplus – – – 51 51
13
annual_report
AegonNV-AR_2006
2,345
All property is initially recognized at cost. Subsequently, investments in real estate are measured at fair value with the changes in fair value recognized in the income statement. Real estate held for own use is carried at its revalued amount, which is the fair value at the date of revaluation less subsequent accumula...
131
annual_report
SwissLifeHoldingAG-AR_2013
1,262
Goodwill represents the excess of the fair value of the consideration transferred and the amount of any non-controlling interest recognised, if applicable, over the fair value of the assets and liabilities recognised at the date of acquisition. The Group has the option for each business combination, in which control is...
106
annual_report
SwissReAG-AR_2014
3,251
Liabilities Unpaid claims and claim adjustment expenses 54 447 77 829 78 195 70 944 68 412 64 690 64 878 63 670 61 484 57 954 Liabilities for life and health policy benefits 23 583 36 779 44 187 37 497 39 944 39 551 39 044 36 117 36 033 33 605
54
annual_report
RaiffeisenBankInternationalAG-AR_2012
2,088
Risk-taking capacity (projected earnings plus capital exceeding regulatory requirements) must not fall below the annualized value-at-risk of the Group 95 per cent reflecting the owners´ willingness to inject additional own funds
31
annual_report
77
449
At December 31, 1992, the Company owned a 39.9% indirect equity interest in Bankers, consisting of a 29.7% equity interest in BLHC and 10.2% equity interest through its limited partnership investment in CCP. In addition, the Company owned $34.7 million principal amount of BLHC 11% Junior Subordinated Debentures due 200...
177
10K
PhoenixGroupHoldingsPLC-AR_2018
2,826
E1. Fair values continued The table below sets out a comparison of the carrying amounts and fair values of financial instruments as at 31 December 2018: Carrying value
28
annual_report
2789
1,093
We have a common stock investment in American Equity’s parent, American Equity Investment Life Holding Company (AEL), valued at $72.0 million at December 31, 2005 and $59.5 million at December 31, 2004. American Equity underwrites and markets life insurance and annuity products throughout the United States. In December...
130
10K
4668
1,428
The Company typically uses several years of historical experience in establishing non-specific valuation allowances which captures multiple economic cycles. For evaluations of commercial loans, in addition to historical experience, management considers factors that include the impact of a rapid change to the economy, w...
134
10K
327
457
In 1995, expected prepayments of the portfolio were accelerated as interest rates had declined. In 1994, interest rates increased, reducing the expected prepayment rate. As a result of the changes in expected prepayments, amortization of premiums and accretion of discounts were accelerated in 1995, causing an increase ...
59
10K
5806
1,698
Effective January 1, 2019, the Company adopted ASU 2016-02, Leases (Topic 842). This update requires the recognition of a right-of-use asset and a corresponding lease liability, discounted to the present value, for all leases that extend beyond 12 months. The Company adopted the new standard using a modified retrospect...
135
10K
NatixisSA-AR_2017
10,023
EuroCroissance matching agreement entered into by CNPa Assurances, BPCE, and ABP Vie in the presence of Natixis, the aim of which is to determine the procedures for the management of events (procedures similar to those in the tranche 2 reinsurance matching agreement).
42
annual_report
PowszechnyZakladUbezpieczenSA-AR_2020
3,024
Provisions for bonuses and discounts for the insured 5 14 7 9 8
13
annual_report
5830
2,462
Policies in-force decreased in 2020 in both automobile and homeowners, driven by not generating enough new business to offset the loss of non-renewed policies.
24
10K
BaloiseHoldingLtd-AR_2004
1,306
Antwerp, was sold. Further information about associates is given in Note 34, “Significant subsidiaries and participating interests at December 31, 2004“.
21
annual_report
5162
534
As of December 31, 2015, we owned approximately 2.3 million square feet of office space, with approximately 0.9 million square feet in Chattanooga, Tennessee, approximately 0.8 million square feet in Portland, Maine, approximately 0.5 million square feet in Columbia, South Carolina, and approximately 0.1 million square...
133
10K
BaloiseHoldingLtd-AR_2011
928
Notes to the CoNsolidated iNCome statemeNt ������������������������������������������� 196 Premiums earned and policy fees ������������������������������������������������� 196 Investment income for own account and at own risk ��������� 196 Realised gains and losses on investments ��������������������������������� 197 ...
141
annual_report
PowszechnyZakladUbezpieczenSA-AR_2013
1,030
O th e r o p e ra ti n g i n co m e a n d e x p e n se s
26
annual_report
2510
1,491
[8] Ratios do not include the effects of Other Operations. Refer to the “Ratios” section below for definitions of the underwriting ratios.
22
10K
1729
669
During the fourth quarter of 2001, UG purchased real estate from an outside third party through the formation of an LLC in which UG is a two-thirds owner. The other one-third partner is Millard V. Oakley, who is a Director of both UTG and FCC. Hampshire Plaza, LLC consists of a twenty story, 254,000 square foot office ...
92
10K
fr_axa-AR_1999
2,370
In 1998, general costs (acquisition expenses, administrative expenses and claims handling costs, which are included as part of insurance reserves) increased € 63 million compared to 1997. Excluding the impact of a restructuring provision of € 47 million, the ratio of general costs to gross premiums in 1998 was 18.5%
50
annual_report
TrygAS-AR_2008
706
Lehman Brothers and AIG. Equity markets dropped by an aggregate 40%–50%. The proportion of equities in the investment portfolio was reduced from DKK 5.4bn in mid-2007 to DKK 1.7bn in mid-January 2008.
32
annual_report
LloydsBankingGroupPLC-AR_2014
2,401
Credit risk exposure also arises in the Group’s defined benefit pension schemes from holding investments. Note 38 on page 240 provides further information on the defined benefit schemes’ assets and liabilities.
31
annual_report
fr_axa-AR_2016
4,484
As a global business, we are exposed to various local political, regulatory, business and fi nancial risks and challenges
19
annual_report
NatixisSA-AR_2010
6,841
Line managers took part in many awareness-raising initiatives, led by Human Resources teams. These involved holding meetings and conferences regarding the importance of the annual evaluation in all entities, distributing manuals on the process, and organizing training and support sessions.
40
annual_report
DirectLineInsuranceGroupPLC-AR_2020
1,155
The Group has a small amount of business in the Republic of Ireland, servicing a small Irish part of a UK partner’s wider business. Accordingly, following approval from the Central Bank of Ireland the Group established an Irish branch in the Republic of Ireland with effect from the end of the transition period.
53
annual_report
INGGroepNV-AR_2020
2,434
ING Group long-term debt maturity profile by currency (*) in EUR billion (nominal
13
annual_report
StorebrandASA-AR_2001
883
Total interest and related income 1 058.5 876.5 501.4 1 612.6 1 393.7 422.0 2 671.1 2 270.2 923.4
19
annual_report
ScorSE-AR_2020
4,319
To its knowledge, except as disclosed above, the Company is not directly or indirectly owned or controlled by any other corporation, foreign government or any other natural or legal person jointly or severally and it is not aware of any contractual arrangements that may at a subsequent date result in a change of contro...
57
annual_report
PosteItalianeSpA-AR_2016
5,467
Balance at 31 december 2016 Balance at 31 december 2015 from Aaa to
13
annual_report
2995
440
Effective January 1, 2005, CNA Surety entered into a new excess of loss treaty (“2005 Excess of Loss Treaty”) with a group of third party reinsurers on terms similar to the 2004 Excess of Loss Treaty. Under the 2005 Excess of Loss Treaty, the Company’s net retention per principal remained at $10 million with a 5% co-pa...
74
10K
nl_ing_grp-AR_2013
2,262
Goodwill Intangible assets under Assets held for sale includes goodwill that relates to businesses that are classified as held for sale (2013: nil; 2012: EUR 485 million). In 2012, EUR 485 million goodwill was reclassified to Assets held for sale. This related to Insurance Korea (EUR 200 million), Investment Management...
81
annual_report
5036
1,002
Net loss from continuing operations increased $264 million in 2015 as compared with 2014, driven by a $296 million charge related to recognition of a premium deficiency and a $9 million deficiency in claim reserves in CNA’s long term care business. The impact of both of these items was $177 million (after-tax and nonco...
203
10K
3436
941
Underwriting profit and combined ratio. The underwriting profit, which reflects our underwriting results on a net basis after the effects of reinsurance, was $45.9 million in 2007 and $29.3 million in 2006.
32
10K
gb_prudential-AR_2006
1,408
The change in value of business in force at the start of the year demonstrates how the existing book is being managed. Together they provide management and shareholders with valuable information about the underlying development of the business and the success or otherwise of management actions.
46
annual_report
2152
1,220
On December 31, 2003, CNA completed the sale of the majority of its Group Benefits business through the sale of Group Life Assurance Company ("CNAGLA") to Hartford Financial Services Group, Inc. ("Hartford"). The business sold included group life and accident, short and long term disability and certain other products. ...
68
10K
AegonNV-AR_2006
1,984
Based on its Charter, the Audit Committee of the Supervisory Board has determined the extent of the involvement of the independent auditor in the preparation and publication of fi nancial reports (other than the annual accounts) in addition to setting up a Pre-approval
43
annual_report
4531
1,310
(c) Restated the Consolidated Statements of Income for the year ended December 31, 2011 by the following amounts: (i) a decrease to Underwriting acquisition and insurance expenses in the amount of $4.7 million, (ii) an increase to Federal income tax expense in the amount of $1.7 million, (iii) an increase in Income fro...
78
10K
5415
5,017
2.9 point decrease in the renewal ratio in 2016 compared to 2015.
12
10K
5102
868
The 6.4 points decline in the Other States combined ratio for the twelve months ended December 31, 2014, was primarily due to an improvement in the combined ratio on renewal business in Georgia, Nevada and Pennsylvania.
36
10K
5830
1,911
a business or to reinsure loss reserves, are not a recurring operating expense of the business.
16
10K
5820
879
The Company reviews its investments regularly and monitors its investments continually for impairments, as discussed in Note 1(G) (v) of the Notes to Consolidated Financial Statements in Item 8 of this report. The Company did not record any other-than-temporary impairment losses in 2020. In 2019, the Company recognized...
87
10K
gb_prudential-AR_2017
1,858
— Mr Nicandrou took on the role of Chief Executive of Prudential Corporation Asia, following Mr Wilkey’s departure.
18
annual_report
AegonNV-AR_2016
3,052
Remeasurement of defined benefit plans 32.5 (1,532) - - (1,532) (1,611) - - (1,611)
14
annual_report
HelvetiaHoldingAG-AR_2014
1,396
Auditing Standards. Those standards require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the remuneration report complies with Swiss law and articles 14 – 16 of the Or-dinance.
38
annual_report
BeazleyPLC-AR_2017
1,393
— the financial statements have been prepared in accordance with the requirements of the Companies Act 2006 and, as regards the Group financial statements, Article 4 of the IAS Regulation.
30
annual_report
StandardLifeAberdeenPLC-AR_2020
3,129
Greater than 20 years Total 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019 2020 2019 £m £m £m £m £m £m £m £m £m £m £m £m £m £m Cash inflows 23 24 93 96 607 650 – – – – – – 723 770 Cash outflows (18) (18) (73) (73) (614) (632) – – – – – – (705) (723) Net cash flow hedge cash inflows 5 6 20 23 (7) 18 – – – –...
85
annual_report
2191
279
The following summarizes net realized investment gains (losses) for the three years ended December 31, 2003:
16
10K
1934
779
(1)Excludes $2,430 million and $479 million, in 2002 and 2001, respectively, relating to FSA-insured GICs issued by CMS that are included in FSA's exposures. The consolidated financial statements of the Company reflect the FSA-insured GICs as GIC liabilities instead of as insurance exposure because CMS is consolidated ...
69
10K
5325
1,491
Except for the NOL carryforward scheduled to expire in 2031 through 2036, all of the NOL carryforwards were acquired in connection with business acquisitions made in prior years and are subject to annual usage limitations under the Internal Revenue Code. The Company expects to fully utilize these federal NOL carryforwa...
50
10K
fr_axa-AR_2019
9,965
AXA Climate (formerly AXA Global Parametrics) provides immediate protection to communities facing climate risks in order to prevent them from falling into poverty.
23
annual_report
AssicurazioniGeneraliSpA-AR_2018
1,866
Attestation and Reports 3. Bornhütter-Ferguson method. This method is substantially based on the Link Ratio method (on “paid” or “incurred”), but also uses a series of loss ratios per generation, which is used as an “advance hypothesis ” of the last generation cost, so that the estimated reserve is a weighted average b...
91
annual_report
fr_axa-AR_2007
6,443
— perform any and all industrial, commercial, financial, real estate or movable property transactions, directly or indirectly related to any of the foregoing.
23
annual_report
3318
1,943
In September 2003, Radian Asset Assurance completed a transaction for $150 million of money market committed preferred custodial trust securities (“CPS”), pursuant to which it entered into a series of three perpetual put options on its own preferred stock to Radian Asset Securities Inc. (“Radian Asset Securities”), our...
157
10K
SwissReAG-AR_1997
630
Contingent liabilities, mainly towards Group companies, amounted on 31 December 1997 to CHF 2.248 billion (1996: CHF 1.920 billion). In addition there were fifteen unlimited guarantees; ten of these are for obligations towards Group companies. No payments are expected under these guarantees.
42
annual_report
AvivaPLC-AR_2020
4,317
The related parties’ receivables are not secured, and no guarantees were received in respect thereof. The receivables will be settled in accordance with normal credit terms.
26
annual_report
AvivaPLC-AR_2017
6,531
On 14 December 2017, the Company renewed its facility with GA plc, its subsidiary, of £9,990 million and the Board approved the extension of the maturity of the loan by five years from 31 December 2017 to 31 December 2022. The other terms of the loan will remain unchanged, including the rate of interest payable by the ...
144
annual_report
2103
444
The following tables for the years ended December 31, 2002 and 2001 provide information about the Company's derivative financial instruments used for purposes other than trading that are sensitive to changes in interest rates. The tables present notional amounts and, as applicable, weighted-average interest rates by ex...
126
10K
de_allianz-AR_2010
1,106
At 58.7 % our cost-income ratio was 3.3 percentage points lower than in the previous year.
16
annual_report
4638
492
Software maintenance costs are charged to expense as incurred. Expenditures for enhanced functionality are capitalized. The cost of the software and the related accumulated amortization are removed from the accounts upon retirement of the software with any resulting loss being recorded in operations. No amortization ex...
64
10K
4221
5,448
Premiums from universal life and investment-type contracts are reported as deposits to policyholders’ account balances. Revenues from these contracts consist of amounts assessed during the period against policyholders’ account balances for mortality charges and surrender charges. Policy benefits and claims that are cha...
66
10K
de_allianz-AR_2011
122
MAnuel BAuer insurance growth Markets gAry BHoJWAni insurance usA since January 1, 2012
13
annual_report
4265
6,425
For 2011, the estimated amount of amortization from accumulated OCI into net periodic benefit expense related to net actuarial loss or gain is expected to be an approximate $13 million loss for our pension plans and less than $1 million gain for our other postretirement plans.
46
10K
TrygAS-AR_2012
600
Tryg holds its annual general meeting each year before the end of April.
13
annual_report
2177
515
The income tax benefit of $5.4 million in 2002 is primarily due to realized losses recognized on securities deemed to be other than temporarily impaired. Excluding the effect of net realized gains (losses) from both 2002 and 2001 results in an effective tax rate of 14.7% in 2002 compared with an effective tax rate of 1...
58
10K
SwissLifeHoldingAG-AR_2007
2,906
Disclosure of compensation to the Board of Directors and the Corporate Executive Board in accordance with the Swiss Code of Obligations Art. 663bbis and Art. 663c
26
annual_report
NatwestGroupPLC-AR_2016
3,982
Below AA rated governments — 237 237 — — — — — — 46
14
annual_report
NatixisSA-AR_2014
3,824
In 2014, Wholesale Banking’s net revenues amounted to €2,781 million, down 3% on 2013. Restated for non-recurring items related to Fixed Income and Treasury activities (income of €72 million in 2013 and expenses of €119 million in 2014), revenues were up 3.7%. These non-recurring items were related to the fi rst applic...
66
annual_report
PhoenixGroupHoldingsPLC-AR_2011
2,493
2 Minimum regulatory capital is defined as the greater of Pillar 1 and Pillar 2 capital requirements without any allowance for the Group’s capital management policy.
26
annual_report
NNGroupNV-AR_2019
419
We organise activations to contribute to the experience of running, such as the Running Supporter. Through a recorded video message from a loved one, runners are encouraged through the final kilometres of a marathon.
34
annual_report
NatixisSA-AR_2016
6,865
Natixis Financement, which manages revolving loans granted by the Groupe BPCE networks, and manages personal loans granted by the Caisses d’Epargne and by the Banque Populaire banks; estate and non-real estate assets under finance leases or other long-term leasing arrangements; Leasing: this business line provides fina...
63
annual_report
gb_prudential-AR_2001
486
Sir Roger Hurn (appointed 17/2/00, Chairman 5/5/00) 300 – 9 309 200 Sir Martin Jacomb (retired 5/5/00) – – – – 65 Bridget Macaskill (resigned 16/3/01) 8 – – 8 29 Roberto Mendoza (appointed 25/5/00) 109 – – 109 68
40
annual_report
gb_prudential-AR_2003
1,540
Gains (losses) arising in years 1999 to 2003 1999 3 2000 (90)
12
annual_report
ScorSE-AR_2017
2,639
Earthquake events. The risk period for Atlas IX 2016-1 runs from January 13, 2016 to December 31, 2019.
18
annual_report
2375
2,227
Although mandated average personal automobile premium rates increased 2.5% in 2004, our average revenue per exposure increased 5.8%. We believe that the relative increase for 2004 as compared to the Commissioner's state mandated average rate resulted primarily from:
38
10K