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3016
1,202
The unrealized losses on the Company’s long term investments in Corporate bonds which have ratings from Baa3/BBB to Aaa/AAA are generally caused by interest rate increases. Of the 114 investment positions held, approximately 87.7% were in an unrealized loss position. The contractual terms of the investments do not perm...
88
10K
5242
603
The combined ratio for our reinsurance and insurance segments was 91.9 percent in 2016, compared with 89.0 percent in 2015 and 88.8 percent in 2014.
25
10K
HannoverRueckSE-AR_2011
4,636
nised under other financial assets at fair value through profit or loss. The valuation resulted in a charge against income of
21
annual_report
2537
258
Self-funded premium equivalents increased $32 million or 0.7% in the year ended December 31, 2004 when compared to 2003. This increase was primarily due to an overall increase in membership during 2004.
32
10K
PowszechnyZakladUbezpieczenSA-AR_2017
2,554
On 29 May 2017, PZU was notified of a change in the holding of PZU’s shares by Aviva Otwarty Fundusz Emerytalny Aviva
22
annual_report
5152
1,589
The table below provides a comparison of 2014 and 2013 underwriting, policy acquisition and operating expenses:
16
10K
5958
3,172
Cost Over (under) cost Fair value Cost Over (under) cost Fair value
12
10K
5509
1,148
Treatment of the LPT Agreement, deferred policy acquisition costs, fair value of financial instruments, and the surplus notes (see Notes 5, 10, and 11) are the primary differences in the SAP-basis capital stock and total surplus of the insurance subsidiaries of $927.9 million and $892.4 million, and the GAAP-basis equi...
176
10K
Sampoplc-AR_2012
97
If’s focus on online solutions continued during the year, with both sales and claims handling on the internet growing steadily. In 2012 a number of e-business solutions were further developed creating both efficiency and customer value.
36
annual_report
StorebrandASA-AR_2003
92
Norwegian municipalities, with a leading position in the private sector group pension market, it is our ambition to increase
19
annual_report
3448
1,436
During 2005, White Mountains paid a total of $41 million in interest under the Fund American Senior Notes.
18
10K
4754
449
Net Income attributable to the non-controlling interest. Net income attributable to the non-controlling interest increased $33,000 from 2012 to 2013. The net income for the year ended December 31, 2013 and 2012 relates to the 49% non-controlling interest in HIO and the 10% non-controlling interest in IPA Family. Also i...
71
10K
490
558
The Company has reclassified its insurance investments including fixed maturities, equity securities and short-term investments underlying the Swap, as a balance receivable from Centre Reinsurance Dublin ("Portfolio Swap Receivable"). See note 6. The Swap is designed to transfer control and market risk of the portfolio...
55
10K
5571
2,954
In March 2018, MetLife, Inc. issued 500,000 shares of 5.875% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series D (the “Series D preferred stock”) with a $0.01 par value per share and a liquidation preference of $1,000 per share, for aggregate net proceeds of $494 million.
44
10K
5180
843
See Note 12, “Fair Value Measurements,” to the accompanying consolidated financial statements.
12
10K
BaloiseHoldingLtd-AR_2006
2,059
Change in loss reserves / actuarial reserves1 –201.6 –140.1 –529.2 –584.0
11
annual_report
4488
706
Consolidated services revenue increased $805 million, or 145.0%, from 2010 to $1.4 billion for 2011, primarily due to an increase in primary care services revenue in our Health and Well-Being Services segment, primarily as a result of the acquisition of Concentra on December 21, 2010.
45
10K
PosteItalianeSpA-AR_2019
8,838
The Performance Targets, common to all Beneficiaries, to which the vesting of the Rights and, therefore, the allocation of the Shares is conditioned, for the first award cycle are highlighted below: � a profitability indicator identified in the Group’s three-year cumulative EBIT used to recognise the continuity and sus...
89
annual_report
2987
3,984
As of December 31, 2006 we have not ceded any losses related to 2006 catastrophic events.
16
10K
5896
731
The loss before taxes from Tiptree Capital - Other for the year ended December 31, 2020 was $61.2 million, compared to income of $23.4 million in 2019. The primary drivers of the decrease were unrealized losses and discontinued dividend income on our investment in Invesque. Non-recurrence of the gain on sale of the man...
80
10K
PowszechnyZakladUbezpieczenSA-AR_2012
635
Further, due to a change in assumptions regarding projected growth in annuities (from 3.7% to 3.9%) and the technical rate reduction (from 3.7% to 3.6%) related to the reduced bonds yield, one-off negative impact on the underwriting profit/loss was recognised in the form of increased provisions for capitalized annuitie...
51
annual_report
5825
2,186
Total $ 624,334 $ (5,426) $ 379,411 $ (4,476) $ 1,003,745 $ (9,902)
13
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2000
612
PROVISIONS FOR ASBESTOS AND ENVIRONMENTAL CLAIMS In the mid-eighties industrial insurers writing business worldwide found themselves being confronted with losses from policies taken out decades before. In particular, these included US asbestos-related claims under product liability policies. On top of this, there were ...
168
annual_report
195
381
To meet its responsibility, management depends on its accounting systems and related internal accounting controls. These systems are designed to provide reasonable assurance, at an appropriate cost, that financial records are reliable for use in preparing financial statements and that assets are safeguarded. Qualified ...
72
10K
LloydsBankingGroupPLC-AR_2003
2,322
Weighted Weighted Weighted average average average Number of exercise price Number of exercise price Number of exercise price
18
annual_report
5688
11,029
• Business combination expenses and the amortization or impairment of purchased intangibles, after-tax
13
10K
537
371
The change in unrealized appreciation (depreciation) on securities at fair value is as follows:
14
10K
5705
2,204
Specialty casualty Underwriting profit for this group was $69 million for the fourth quarter of 2019 compared to $22 million for the fourth quarter of 2018, an increase of $47 million (214%). This increase is largely due to a reduction in the underwriting loss at Neon (excluding the Neon exited lines charge), due prima...
147
10K
PowszechnyZakladUbezpieczenSA-AR_2018
1,956
Dividend paid by PZU from its earnings in the 2014-2018 financial years 8.7 Debt financing of PZU, Pekao and Alior Bank
21
annual_report
2854
344
Legacy Marketing also has administrative agreements with the carriers and with IL Annuity, whose administrative agreement is scheduled to expire on April 30, 2006. Pursuant to the administrative agreements, Legacy Marketing provides clerical, administrative, and accounting services with respect to the policies. These s...
64
10K
3425
2,149
The Company invests in multiple bank loan participations as part of its overall investment strategy and has committed to additional future purchases and sales. The purchase and sale of these investments are recorded on the date that the legal agreements are finalized and cash settlement is made. As of December 31, 2006...
166
10K
de_allianz-AR_2008
1,680
Corporate segment provides some guarantees that transfer small parts of the actuarial risk away from local entities, such risk is primarily transferred by internal reinsurance and allocated to the Property-Casualty segment.
31
annual_report
2129
5,938
During 2002, the Company's stockholders approved the Incentive Compensation Plan which provides for the award of incentive stock options, non-qualified stock options, book value awards, stock appreciation rights ("SAR"), restricted stock and performance stock units. Up to 5,000,000 shares of common stock (subject to in...
130
10K
5862
876
Our success depends on our ability to retain and grow the number of demand and supply partners on our platform. The aggregate number of demand and supply partners on our platform increased to 1,460 for the year ended December 31, 2020 from 1,200 for the year ended December 31, 2019, driven by increased engagement in ou...
198
10K
SwissReCorporateSolutions-AR_2018
715
Swiss Re Corporate Solutions Brasil Seguros S.A. Brazil São Paulo 60% 60% Compania Aseguradora de Fianzas S.A. Confianza Colombia Bogotá 51% 51% Swiss Re Corporate Solutions Advisors South Africa (Pty) Ltd South Africa Johannesburg 100% 100% Swiss Re Corporate Solutions Investment Holding Company Ltd Switzerland Zurich...
48
annual_report
4597
609
Use of estimates - The preparation of consolidated financial statements in conformity with U.S. Generally Accepted Accounting Principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date...
224
10K
2331
932
CONDUIT INVESTMENTS AND CONDUIT DEBT OBLIGATIONS Conduit investments consist mainly of debt securities, loans, lease receivables and trade receivables. These investments are classified as held-to-maturity and as such, are recorded at amortized cost. The related debt associated with the Conduits consists mainly of short...
49
10K
2729
1,245
The impact of the hurricane losses (including the effects of the reinstatement charges) and reserve development on our loss ratios for our personal lines segment for the years ended December 31, 2005, 2004 and 2003 are provided as follows:
39
10K
2602
1,296
On March 12, 2004, we issued 19,886 shares of our common stock to Vesta Insurance Group, Inc. in connection with the exercise of warrants, with an exercise price of $0.08 per share, which were originally purchased by Vesta in 2000.
40
10K
4638
394
During December 2012 and January 2013, the Company entered into a round of Loan Agreement and Promissory notes totaling $2,035,000. As of December 31, 2012, the Company had received $815,000.
30
10K
5920
1,716
Our investments in equities consist of a combination of publicly and privately traded investments. Our publicly traded equity investments in common and preferred stocks predominantly trade on major exchanges and are managed by our external advisors. Our exchange-traded funds also trade on major exchanges. Our publicly ...
170
10K
NatixisSA-AR_2017
9,660
The table below gives details of the amount of additional paid-in capital for each of the transactions impacting the capital.
20
annual_report
de_allianz-AR_2017
2,142
IBNR reserves are established to recognize the estimated cost of losses that have occurred but where the Allianz Group has not yet been notified. IBNR reserves, similar to case reserves for reported claims, are established to recognize the estimated costs, including expenses, necessary to bring claims to final settleme...
50
annual_report
5850
588
•lower losses from GMLB Riders in the current period, see “- GMLB Riders for the Years Ended December 31, 2020 and 2019.”
22
10K
AvivaPLC-AR_2007
2,638
Amounts owed by contract holders 2,554 1,921 Amounts owed by intermediaries 1,417 1,258 Deposits with ceding undertakings 1,163 1,028 Amounts due from reinsurers 701 707 Amounts due from brokers for investment sales 326 89 Amounts receivable for collateral pledged (notes 24c(i) and 56e) 21 – Other financial assets 3,00...
50
annual_report
SwissReAG-AR_1896
31
Th. Spiihier, Manager of the „Societe de Credit Suisse" at Zurich.
11
annual_report
CNPAssurancesSA-AR_2009
468
■ Fonds stratégique d’investissement - FSI (SA), Chairman of the Board of Directors.
13
annual_report
4466
4,308
Total premiums and contract charges increased 3.2% in 2011 compared to 2010 primarily due to higher contract charges on interest-sensitive life insurance products primarily resulting from the aging of our policyholders, growth in Allstate Benefits's accident and health insurance business in force and increased traditio...
70
10K
4290
1,496
Excludes funds held by White Mountains under reinsurance treaties for which White Mountains does not provide interest credits.
18
10K
2255
3,897
In October 2000, the Company acquired Primis, Inc., a web-based provider of real-estate services. In 2001, the acceptance of Primis’ technology by our customer base proved to be much slower than anticipated, necessitating a fourth quarter non-cash writeoff of intangibles, including goodwill, acquired in the acquisition...
71
10K
RaiffeisenBankInternationalAG-AR_2008
1,899
Office furniture and equipment as well as other tangible fixed assets 532,274 450,195
13
annual_report
4412
751
Policy Claims and Other Benefits Payable. This liability consists of known benefits currently payable and an estimate of claims that have been incurred but not yet reported to us. The estimate of unreported claims is based on prior experience and is made after careful evaluation of all information available to us. Howe...
134
10K
2224
808
o Backlog Accounts Receivable Management Services revenue of $0 in 2003 decreased by $3,000 compared to 2002 as a result of the winding down of a Backlog medical claims management contract executed on March 22, 2000. This contract generated revenues of $0 and $3,000 in 2003 and 2002 respectively. Assuming that there ar...
89
10K
3722
1,342
The weighted average interest rate on the non-recourse funding obligations as of December 31, 2008 and 2007 was 3.8% and 5.8%, respectively, reflecting the decline in the underlying index rate.
30
10K
RaiffeisenBankInternationalAG-AR_2008
2,587
The members of the Supervisory Board have further mandates in the Supervisory Board of quoted companies at home and abroad: Walter Rothensteiner: UNIQA Versicherungen AG Karl Sevelda: Bene AG, Unternehmens Invest AG
32
annual_report
2210
538
Net increase (decrease) in cash and cash equivalents (15,292,721) 7,827,130 1,150,242 Cash and cash equivalents at beginning of year 24,042,448 16,215,318 15,065,076 -------------- -------------- --------------- Cash and cash equivalents at end of year $ 8,749,727 $ 24,042,448 $ 16,215,318 ============== ==============...
42
10K
fr_axa-AR_2011
5,019
Section “Insurance risk”); The GRM function is also reinforced by AXA Global P&C and
14
annual_report
HiscoxLtd-AR_2010
1,242
In respect of acquisitions that have occurred since 1 January 2004, goodwill represents the excess of the cost of an acquisition over the fair value of the Group’s share of the net identifiable assets and contingent liabilities assured of the acquired subsidiary or associate at the acquisition date.
48
annual_report
gb_lloyds_banking_grp-AR_2013
4,176
Risk appetite The Group’s people risk appetite and corresponding measures are reviewed and approved annually by the Board to enable the Group to lead responsibly and proficiently, manage people resource effectively, support and develop colleague talent, and meet legal and regulatory obligations related to its people.
46
annual_report
3511
4,124
Contract charges decreased 5.8% in 2006 compared to 2005. Excluding contract charges on variable annuities, contract charges increased 8.8% in 2006 compared to 2005. The increase was mostly due to higher contract charges on interest-sensitive life products resulting from growth of business in force. Contract charges on...
59
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012
1,802
The calculation of these values in use is based on cash flow forecasts derived from the current market environment and the latest corporate planning approved by management. Prepared in an interactive process involving the operational units, the controlling units responsible and the Board of Management, the corporate pl...
79
annual_report
3245
725
Interest expense was $8.7 million in 2006 as compared with $14.5 million in the combined twelve months of 2005. Most of the company’s interest expense in 2006 related to the write-off of deferred financing costs in the amount of $5.4 million and a prepayment premium of $1.1 million related to the payoff of all the comp...
94
10K
PhoenixGroupHoldingsPLC-AR_2018
4,543
The statement of consolidated cash flows prepared in accordance with IFRS combines cash flows relating to shareholders with cash flows relating to policyholders, but the practical management of cash within the Group maintains a distinction between the two. The Group therefore focuses on the cash flows of the holding co...
85
annual_report
TrygAS-AR_2014
1,067
Underwriting risk is managed first and foremost through the company’s insurance policy defined by the Supervisory Board, and administered through business procedures, insurance take out guidelines etc. Underwriting risk is assessed in Tryg’s capital model, determining the capital impact from various insurance products.
43
annual_report
CNPAssurancesSA-AR_2000
1,264
A EUR 18 million provision has been recorded for impairment in value of assets under management, to take account of the possible consequences of the financial crisis in Argentina.
29
annual_report
4946
802
The Company has never incurred a loss on index options due to counterparty default.
14
10K
DirectLineInsuranceGroupPLC-AR_2016
3,374
Add back: restructuring and other one-off costs 4 39.9 48.7 Exclude: operating profit from run-off 4 (26.6) (73.1) Operating profit from Ongoing operations 4 403.5 520.7
26
annual_report
5825
611
Losses incurred, net were $364.8 million, compared to $118.6 million the prior year. The increase reflects an increase in new delinquency notices due to the COVID-19 pandemic and the current macroeconomic environment. The increase in losses incurred was also due to adverse development of $19.6 million in 2020 compared ...
123
10K
RSAInsuranceGroupPLC-AR_2014
983
Details of the Group’s principal subsidiaries is detailed in note 31 on page 196. A full list of Group subsidiaries will be attached to the Company’s next Annual Return and be available from Companies House.
35
annual_report
NatixisSA-AR_2003
3,238
December 31, 2003; ■ the parent company financial statements; ■ and having heard the Auditors’ reports; approve the 2003 financial statements as presented to them.
25
annual_report
4867
1,000
Regulatory Environment. Financial markets continue to experience extensive changes in existing laws and regulations. The Company is subject to prudential regulatory standards as a Designated Financial Company. Captive reinsurance companies also continue to be under increased scrutiny and are the subject of a new actuar...
112
10K
2802
1,223
The Company’s revenues and net loss for years 2005, 2004, and 2003 are shown in the following table.
18
10K
4228
826
Increasing the 20 basis points added to the risk free rate for lack of liquidity by one basis point, increasing the five basis points added to the risk free rates for foreign investments by one basis point, and increasing the additional basis points added to each industry considered to be of greater risk by one basis p...
96
10K
AvivaPLC-AR_2012
1,867
During 2012, loans totalling £21.3 million were made to RBC Trustees (CI) Ltd and loans totalling £11.6 million were made to EES Trustees International Ltd to ensure sufficient shares were available to meet the Company’s on-going liabilities.
37
annual_report
StandardLifeAberdeenPLC-AR_2015
4,371
Group capital surplus This is a regulatory measure of our financial strength.
12
annual_report
INGGroepNV-AR_2018
5,410
ING periodically assesses the compliance of the IRC model with regulatory requirements by performing gap analyses, substantiating the modelling choices, and quantifying the impact of alternative approaches.
27
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007
3,221
Jordan Insurance Co. p. l. c., Amman 10.00 % 27,506 1,449
11
annual_report
RaiffeisenBankInternationalAG-AR_2007
1,700
Net gains (losses) on financial assets and liabilities held-for-trading (24,612) 59,000 –
12
annual_report
5113
2,236
Standard participates in a reinsurance and third-party administration arrangement with Northwestern Mutual Life Insurance Company (“Northwestern Mutual”) under which Northwestern Mutual group long term and short term disability products are sold using Northwestern Mutual’s agency distribution system. Generally, Standar...
175
10K
AvivaPLC-AR_2016
6,156
Insurance participating (50) 30 (10) (130) 65 (30) (5) (15) Insurance non-participating (190) 20 (775) (35) 10 (190) (90) (920) Investment participating (10) 5 (5) — — (5) — — Investment non-participating 10 (15) — 50 (70) (65) — — Assets backing life shareholders’ funds (155) 230 5 (85) 85 — — —
53
annual_report
4426
516
Other Expenses. Other expenses totaled $8.0 million in 2011, an increase of $0.5 million, or 6.9%, from $7.5 million in 2010. Other expenses result primarily from the operations of PointSure and PMCS. The increase in other expenses was largely attributable to the growth of these companies’ operations.
47
10K
RSAInsuranceGroupPLC-AR_2013
370
• As well as our talent programmes we have built Academies and Centres of Excellence to support the development of specialist and technical expertise. There are Centres of Excellence for Marketing and eBusiness as well as the long established Technical Academy.
41
annual_report
5377
1,834
We also have the ability to receive dividends from Unum Limited, subject to applicable insurance company regulations and capital guidance in the United Kingdom. We have £260.0 million available for the payment of dividends from Unum Limited during 2018, subject to regulatory approval.
43
10K
DirectLineInsuranceGroupPLC-AR_2020
1,692
The Committee considered the Group’s actions to prevent financial crime through its review of the annual Financial Crime Report. Annually, the Committee considers an anti-bribery and corruption report, which includes a risk assessment of the level of anti-bribery and corruption risk to the Group. The Group’s annual ant...
102
annual_report
ch_zurich_insurance_group-AR_2019
1,908
The Group has policies and limits to manage market risk and keep its strategic asset allocation in line with its risk capacity. Zurich centrally manages certain asset classes to control aggregation of risk and provides a consistent approach to constructing portfolios and selecting external asset managers. It diversifie...
103
annual_report
gb_lloyds_banking_grp-AR_2004
1,294
i) Issued during 2004 primarily to finance the general business of the Group. Group Group Company Company £m £m £m £m
21
annual_report
1265
369
Market Interest Currency Equity At December 31, 1998 Value Rate Risk Risk Risk - ------------------------------------------------------------------------- Fixed maturity securities $ 577.1 $ (27.1) $ (2.1) $ -- Equity securities 437.1 (10.1) (1.9) (24.9) Short-term investments 62.3 (0.9) (2.4) -- ----------------------...
51
10K
3759
1,094
Options granted under the Hilb, Rogal and Hamilton Company 2000 Stock Incentive Plan, the Hilb, Rogal & Hobbs Company 2007 Stock Incentive Plan and the Hilb Rogal & Hobbs Company Non-Employee Directors Stock Incentive Plan were converted into options to acquire shares of Willis common stock. No further grants are to be...
56
10K
5244
1,081
In May 2015, the FASB issued ASU 2015-09, which makes targeted improvements to disclosure requirements for insurance companies that issue short-duration contracts. The ASU requires enhanced disclosures, on an annual basis, related to the reserve for losses and loss expenses which include (1) net incurred and paid claim...
193
10K
5123
643
The fair value of the Company's long-term fixed maturity investment portfolio is sensitive, however, to fluctuations in the level of interest rates, but not materially affected by changes in anticipated cash flows caused by any prepayments. The impact of interest rate movements on the long-term fixed maturity investmen...
242
10K
2192
955
• Other Invested Assets - The carrying value of certain other invested assets approximates fair value because existing rates of return approximates the current rates of return required on similar investments.
31
10K
AegonNV-AR_2016
6,625
Vereniging Aegon. As a matter of Dutch corporate law, the shares of both classes offer equal full voting rights, as they have equal nominal values (EUR 0.12). The financial rights attached to a common share B is 1/40th of the financial rights attached to a common share. The amended Voting Rights Agreement ensures that ...
66
annual_report
TrygAS-AR_2014
600
OTC trades) of the share increased from 43 million shares in 2013 to 49 million shares in 2014.
18
annual_report
1996
1,787
As discussed in detail below and in Note 20, all realized and unrealized changes in fair value of non-dealer related derivatives, with the exception of the effective unrealized portion of cash flow hedges and effective hedges of net investment in foreign operations, are recorded in current earnings. Cash flows from the...
66
10K
RaiffeisenBankInternationalAG-AR_2009
2,975
CIS – Commonwealth of Independent States, consisting predominantly of territories of the former Soviet Union.
15
annual_report
3537
3,473
The FASB also issued Statement No. 159, The Fair Value Option for Financial Assets and Financial Liabilities -including an amendment of FASB Statement No. 115. The Statement permits entities to choose to measure many financial instruments and certain other items at fair value. The objective is to improve financial repo...
108
10K
de_allianz-AR_2002
2,085
Under the LIP 2002, a total of 47,200 Stock Appreciation Rights (SARs) were issued to members of the Board of Management during the year under review. Based on standard option valuation methods (Black-Scholes or Binomial Method), the value of these rights at the point of their issue was ¤5.2 mn. The value of these righ...
79
annual_report
3671
1,192
On December 30, 2008, in connection with the Unionamerica acquisition, Royston Run-off Limited, or Royston, borrowed the full amount of the $184.6 million available under a term facilities agreement, or the Unionamerica Facilities Agreement, with National Australia Bank Limited, or NABL. Of that amount, Royston borrowe...
111
10K
fr_axa-AR_2011
6,530
Fair value includes quotations when available and/or relevant or valuation techniques incorporating observable market data, adjusted when necessary to take into account control premiums. Value in use calculations are also based on valuation techniques.
34
annual_report
4393
921
In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of Molina Healthcare, Inc. at December 31, 2011 and 2010, and the consolidated results of its operations and its cash flows for each of the three years in the period ended December 31...
61
10K