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LloydsBankingGroupPLC-AR_2010 | 6,215 | Life expectancy for member aged 60, on the valuation date: Life expectancy for member aged 60, 15 years after the valuation date: The mortality assumptions used in the scheme valuations are based on standard tables published by the Institute and Faculty of Actuaries which were adjusted in line with the actual experience of the relevant schemes. The table shows that a member retiring at age 60 as at 31 December 2010 is assumed to live for, on average, 27.2 years for a male and 28.3 years for a female. In practice there will be much variation between individual members but these assumptions are expected to be appropriate across all members. It is assumed that younger members will live longer in retirement than those retiring now. This reflects the expectation that mortality rates will continue to fall over time as medical science and standards of living improve. To illustrate the degree of improvement assumed the table also shows the life expectancy for members aged 45 now, when they retire in 15 years time at age 60. | 175 | annual_report |
ScorSE-AR_2013 | 898 | External consulting firms also review on a regular basis the Non-Life reserves. Life reserving assumptions are reviewed as well by an external firm in the framework of the embedded value calculation. If necessary, internal audits of its portfolios are performed. | 40 | annual_report |
BaloiseHoldingLtd-AR_2014 | 2,932 | Fees and commission for financial assets and liabilities not recognised at fair value – 25.6 – 17.0 | 17 | annual_report |
ScorSE-AR_2011 | 603 | A request for cancellation of the 2,840,816 shares of SCOR Holding (Switzerland) was filed on 25 October 2007 with the | 20 | annual_report |
4530 | 1,013 | The Company was not subjected to income tax examinations by taxing authorities during the current or past fiscal years. During the years ended June 30, 2012 and 2011, the Company did not recognize any interest or penalties. | 37 | 10K |
5375 | 1,807 | Under current Bermuda law, we are not required to pay any taxes in Bermuda on either income or capital gains. We have received an undertaking from the Bermuda Minister of Finance that, in the event of any such taxes being imposed, the Company will be exempted from taxation until the year 2035. | 52 | 10K |
1375 | 1,115 | AAG Holding has a floating rate revolving credit agreement with several banks under which it may borrow a maximum of $200 million through September 29, 2000. The maximum amount available reduces quarterly between September 30, 2000, and December 31, 2003. At December 31, 1999 and 1998, the weighted-average interest rate on amounts borrowed under AAG Holding's bank credit line was 6.76% and 6.09%, respectively. At March 1, 2000, the weighted-average interest rate on its credit line was 6.44%. | 78 | 10K |
3108 | 958 | Berkshire is also exposed to variations in the market prices of natural gas and electricity as a result of its regulated utility operations and uses derivative instruments, including forward purchases and sales, futures, swaps and options to manage these commodity price risks. Derivative instruments are recorded in the Consolidated Balance Sheets at fair value as either assets or liabilities unless they are designated as and qualify for normal purchases and normal sales exemptions under GAAP. The majority of these contracts are either probable of recovery in rates and therefore recorded as a regulatory net asset or liability or are accounted for as cash flow hedges and therefore recorded as accumulated other comprehensive income. Accordingly, amounts are generally not recognized in earnings until the contracts are settled. | 126 | 10K |
gb_lloyds_banking_grp-AR_2019 | 1,970 | The Committee continues to keep under review, on an ongoing basis, the structure, size and composition of the Board and its Committees, making recommendations to the Board as appropriate. Consideration was given to anticipated retirements from the Group Board over the next two years, together with the need to ensure the appropriate mix of knowledge, skills and experience, and diversity. | 60 | annual_report |
gb_lloyds_banking_grp-AR_2004 | 1,019 | Profit on ordinary activities before tax 3,493 4,348 Tax charge thereon at UK corporation tax rate of 30% 1,048 1,304 Factors affecting charge: – Goodwill amortisation 9 9 – Overseas tax rate differences (14) (9) – Specifically allowable, unallowable and non-taxable items (5) (10) – Net tax effect of disposals (12) (276) – Tax deductible coupons on non-equity minority interests (12) (12) – Capital allowances in excess of depreciation (86) (105) – Other timing differences (60) (14) – Life companies rate differences (16) 16 – Other items 7 10 | 89 | annual_report |
RaiffeisenBankInternationalAG-AR_2011 | 1,167 | At the start of the year 2011, the so-called “Group product concept” was introduced. This envisages increased cooperation within the Group in several product areas (project fi nance, real estate fi nance, export credit agency, guaranteed loans and cash management) regarding large transactions and complex transactions. Already in the fi rst year, this project proved a resounding success, with more than 200 transactions registered and over 30 completed, and in 10 of these cases, RBI was the mandated lead arranger. | 80 | annual_report |
StandardLifeAberdeenPLC-AR_2020 | 3,097 | The table below sets out an analysis of financial assets excluding those assets backing unit linked liabilities which are set out in Note 25. | 24 | annual_report |
TrygAS-AR_2006 | 275 | The number of customer complaints and the ability to handle customer complaints are major parameters for quality in the provision of service products. We regularly measure our claims quality in the Nordic countries in order to improve the quality of our claims handling. | 43 | annual_report |
5064 | 1,193 | The estimated fair value of the GLWB was $11,257 at December 31, 2015. The changes in fair value of the GLWB were $11,257 for the year ended December 31, 2015. | 30 | 10K |
5540 | 1,749 | corporation under Section 953(d) of the Code effective January 1, 2018. See “Income Tax Expense” for additional discussions regarding this newly formed 953(d) reinsurer. | 24 | 10K |
2143 | 1,458 | At December 31, 2003, the Company has a net operating loss carryforward of $45.2 million and a foreign tax credit carryforward of $2.8 million, against which there is a full valuation allowance. The net operating losses expire between 2019 and 2023 and the foreign tax credit expires in 2008. | 49 | 10K |
ScorSE-AR_2009 | 126 | A significant part of the reinsured premium, in respect of Disability Long-Term Care and Critical Illness products, includes premium adjustment clauses. In the case of Long-Term Care, the premium adjustments are designed to offset | 34 | annual_report |
AvivaPLC-AR_2006 | 1,536 | The principal accounting policies adopted in the preparation of these financial statements are set out below. | 16 | annual_report |
4557 | 1,722 | In 2011, EMEA experienced strong variable life and annuity sales, which drove higher premiums and a corresponding increase in policyholder benefits. Operating expenses increased primarily due to higher commissions and compensation expenses in Ireland due to business growth, which is partially offset by DAC capitalization. Growth in our businesses, combined with growth in average invested assets, contributed $11 million to operating earnings. As a result of the ALICO Acquisition and growth in the business, EMEA‘s results reflect higher corporate expenses of $44 million, which decreased operating earnings. | 87 | 10K |
gb_prudential-AR_2008 | 225 | IGD capital surplus (as adjusted*) (£bn) 1.7 1.9 (11) 1.9 (11) | 11 | annual_report |
3865 | 1,525 | a substantial increase in funding is required for the Company’s GMDB equity hedge program. | 14 | 10K |
ScorSE-AR_2019 | 3,599 | Notes to the consolidated financial statements CONSOLIDATED FINANCIAL STATEMENTS04 237SCOR Universal Registration Document 2019 | 14 | annual_report |
PosteItalianeSpA-AR_2015 | 7,022 | Risk weighted assets, or RWA, are calculated by applying a risk weighting to the assets exposed to credit, counterparty, market and operational risks. | 23 | annual_report |
4347 | 878 | The reserve analysis performed by our actuaries provides preliminary central estimates of the unpaid losses and LAE. At each quarter-end, the results of the reserve analysis are summarized and discussed with our senior management. The senior management group considers many factors in determining the amount of reserves to record for financial statement purposes. These factors include the extent and timing of any recent catastrophic events, historical pattern and volatility of the actuarial indications, the sensitivity of the actuarial indications to changes in paid and reported loss patterns, the consistency of claims handling processes, the consistency of case reserving practices, changes in our pricing and underwriting, and overall pricing and underwriting trends in the insurance market. | 115 | 10K |
2464 | 1,769 | On November 3 and November 4, 2004, the five principal insurance subsidiaries of UnumProvident doing business in North Carolina received Demands for Information from the North Carolina Department of Insurance. The Demands related to the issue of “bid rigging” in the state of North Carolina as it pertains to any resident of North Carolina or any business transacted in the state of North Carolina. Each of the subsidiaries responded on December 7, 2004. | 73 | 10K |
AegonNV-AR_2014 | 5,103 | 6 These shares vested in 2012 and are subject to an additional two year holding period. 7 These shares vested in 2013 on basis of actual realized performance and are subject to an additional two year holding period. 8 The performance related cash remuneration granted over 2011, payable in 2012, of EUR 163,591 was waived by Mr. Wynaendts. 9 The performance related cash remuneration granted over 2011, payable in 2012, of EUR 106,359 was waived by Mr. Nooitgedagt. | 78 | annual_report |
PosteItalianeSpA-AR_2016 | 3,483 | Sensitivity to cash flow interest rate risk at 31 December 2016 on the Poste Italiane Group’s positions is shown in the table below. | 23 | annual_report |
3936 | 1,281 | We have determined that we do not hold any remaining investments, after recording the charge for OTTI, that would have been considered other than temporarily impaired, and that the recent increase in the gross unrealized investment loss was caused by the lack of liquidity in the capital markets. We expect cash flows from operations to be sufficient to meet our liquidity requirements. We have the ability and intent to hold these investments, excluding the investments we determined were OTTI, until a recovery of fair value to our cost or amortized cost basis, which may be at maturity for fixed maturity securities. | 101 | 10K |
PhoenixGroupHoldingsPLC-AR_2016 | 4,240 | Dividends paid on ordinary shares (note B4) – (120) – – (120) | 12 | annual_report |
4419 | 2,005 | Primary insurance in-force and risk in-force increased mainly as a result of new insurance written in Canada and Australia, partially offset by loss mitigation activities in Europe and cancellations in Australia. Primary insurance in-force and risk in-force included increases of $46.1 billion and $16.4 billion, respectively, attributable to changes in foreign exchange rates as of December 31, 2010. | 58 | 10K |
4681 | 2,679 | The yen denominated individual fixed annuity product was written by Hartford Life Insurance K.K. (“HLIKK”), a wholly-owned Japanese subsidiary of Hartford Life, Inc. (“HLI”), and subsequently reinsured to Hartford Life Insurance Company, a U.S. dollar based wholly-owned indirect subsidiary of HLI. During 2009, the Company suspended new sales of the Japan business. The underlying investment strategy involves investing in the U.S. securities markets, which offer favorable credit spreads. The yen denominated fixed annuity product (“yen fixed annuities”) is recorded in the consolidated balance sheets with invested assets denominated in dollars while policyholder liabilities are denominated in yen and converted to U.S. dollars based upon the December 31 yen to U.S. dollar spot rate. The difference between U.S. dollar denominated investments and yen denominated liabilities exposes the Company to currency risk. The Company manages the currency risk associated with the yen fixed annuities primarily with pay variable U.S. dollar and receive fixed yen currency swaps. | 154 | 10K |
5557 | 2,029 | AGL and its Bermuda subsidiaries AG Re, AGRO, and Cedar Personnel Ltd. (Bermuda Subsidiaries), are not subject to any income, withholding or capital gains taxes under current Bermuda law. The Company has received an assurance from the Minister of Finance in Bermuda that, in the event of any taxes being imposed, AGL and its Bermuda Subsidiaries will be exempt from taxation in Bermuda until March 31, 2035. AGL's U.S. and U.K. subsidiaries are subject to income taxes imposed by U.S. and U.K. authorities, respectively, and file applicable tax returns. In addition, AGRO, a Bermuda domiciled company, has elected under Section 953(d) of the U.S. Internal Revenue Code (the Code) to be taxed as a U.S. domestic corporation. | 117 | 10K |
AssicurazioniGeneraliSpA-AR_2016 | 2,136 | Segment data derives from a separate consolidation of the amounts of subsidiaries and associated companies in each business segment, eliminating of the effects of the transactions between companies belonging to the same segment and, the carrying amount of the investments in subsidiaries and the related portion of equity. The reporting and control process implemented by Generali Group implies that assets, liabilities, income and expenses of companies operating in different business segments are allocated to each segment through specific segment reporting. Intra-group balances between companies belonging to different business segments are accounted for in the consolidation adjustments column in order to reconcile segment information with consolidated information. | 106 | annual_report |
4828 | 810 | Reflects the unscheduled refunding of an insured obligation or the termination of the insurance on an insured obligation. | 18 | 10K |
5602 | 21,094 | In January 2018, the parties reached non-binding agreements in principle on issues presented in the dispute and are currently reviewing the computations reflecting the settlement terms. The resolution is not final and is subject to various reviews. The litigation has been stayed pending the outcome of the review process. We can provide no assurance regarding the outcome of any such litigation or whether binding compromised settlements with the parties will ultimately be reached. We currently believe that we have adequate reserves for the potential liabilities that may result from these matters. | 91 | 10K |
4095 | 1,510 | As mentioned above, we derive our near-term future rate of return assumptions using a reversion to the mean approach, a common industry practice. Under this approach, we consider actual returns over a period of time and initially adjust future projected returns over a four year period so that the assets grow at the long-term expected rate of return for the entire period. However, beginning in the fourth quarter of 2008 and continuing through 2009, the projected future annual rate of return calculated using the reversion to the mean approach for most contract groups was greater than our maximum future rate of return assumption across all asset types for this business. In those cases, we utilize the maximum future rate of return over the four year period, thereby limiting the impact of the reversion to the mean on our estimate of total gross profits. As discussed above, the near-term maximum future rate of return under the reversion to the mean approach was reduced in 2009 from 10.5% to 9.7% as part of our annual reviews. Included in this revised blended maximum future rate are assumptions for returns on various asset classes, including a 13% annual maximum rate of return on equity investments. Further or continued market volatility could result in additional market value changes within our separate account assets and corresponding changes to our gross profits, as well as additional adjustments to the amortization of deferred policy acquisition and other costs, and the costs relating to the reserves for the guaranteed minimum death and income benefit features of our variable annuity products. Given that the estimates of future gross profits are based upon our maximum future rate of return assumption for most contract groups, all else being equal, future rates of return higher or lower than 2.4% per quarter, or 9.7% per annum, will result in decreases or increases in the amortization of deferred policy acquisition and other costs, and the costs relating to the reserves for the guaranteed minimum death and income benefit features of our variable annuity products. Including the offsetting impact of certain contract groups relating to business issued in 2009, our weighted average expected rate of return across all contract groups is 8.0% per annum as of December 31, 2009. | 373 | 10K |
ScorSE-AR_2011 | 2,667 | Effect of change in foreign exchange rates on cash and cash equivalents 52 70 12 | 15 | annual_report |
5265 | 1,675 | Net gains on sales and maturities of fixed maturity securities were $1,536 million in 2015 primarily due to net gains of $511 million on sales and maturities of U.S. dollar-denominated securities within our International Insurance segment, and gains of $852 million associated with foreign exchange remeasurement on assets that were transferred under the new structure in Gibraltar Life. These gains were partially offset by OTTI of $97 million. Net gains on sales and maturities of fixed maturity securities of $827 million in 2014 were primarily due to sales and maturities of U.S. dollar-denominated securities within our International Insurance segment. These gains were partially offset by OTTI of $36 million. See below for additional information regarding the OTTI of fixed maturity securities in 2015 and 2014. | 125 | 10K |
fr_axa-AR_2004 | 2,489 | Investment property at amortized cost 9 341 (1 358) (397) 7 586 10 230 Investment property at fair value 4 827 4 827 Macro hedge and speculative derivatives - - | 30 | annual_report |
5307 | 954 | contract. Policy benefits and claims charged to expense include interest amounts credited to policyholder account balances and benefit claims incurred in excess of policyholder account balances during the period. Amortization of deferred acquisition costs is recognized as expense over the life of the policy. | 44 | 10K |
5700 | 9,693 | Blackboard - a subsidiary focused on delivering commercial insurance solutions using digital technology, data analytics and automation. | 17 | 10K |
NatixisSA-AR_2002 | 3,113 | CDC FINANCE – CDC IXIS SA F Member of Supervisory Board (since 28 February 2002) | 15 | annual_report |
4702 | 1,124 | Collected premiums on Medicare supplement policies in the Bankers Life segment increased 3.9 percent, to $745.3 million, in 2013 and 2.3 percent, to $717.2 million, in 2012. During the second half of 2013, we experienced a slight shift in the sale of Medicare supplement policies to the sale of Medicare Advantage policies. Medicare Advantage policies are sold through Bankers Life's agency force for other providers in exchange for marketing fees. | 70 | 10K |
189 | 1,429 | During 1995, the Company received $0.4 million for writing call options on underlying securities. As of December 31, 1995 there were no option contracts outstanding. | 25 | 10K |
HannoverRueckSE-AR_2013 | 1,054 | Through our quality assurance measures we ensure that the reserves established by ceding companies in accordance with local accounting principles satisfy all requirements with respect to the calculation methods used and assumptions made (e.g. use of mortality and morbidity tables, assumptions regarding the lapse rate). New business is written in all regions in compliance with underwriting guidelines applicable worldwide, which set out detailed rules governing the type, quality, level and origin of risks. These global guidelines are revised annually and approved by the Executive Board. Special underwriting guidelines give due consideration to the particular features of individual markets. | 98 | annual_report |
NatwestGroupPLC-AR_2014 | 7,091 | Unit and are also subject to senior management review. Particular attention is paid to instruments crossing from one level to another, new instrument classes or products, instruments that are generating significant profit and loss and instruments where valuation uncertainty is high. | 41 | annual_report |
4556 | 980 | The Company applies the fair value accounting guidance for measuring its financial and non-financial assets and liabilities. Currently, none of the Company’s non-financial assets are required to be carried at fair value. The Company would apply the fair value accounting guidance to non-financial assets and liabilities in the event that a non-financial asset or liability was impaired, or, if non-financial assets and liabilities were purchased in a business acquisition. | 69 | 10K |
553 | 606 | recognized as revenue over the premium-paying period of the policies. Group health and property-casualty premiums are prorated over the contract term of the policies. | 24 | 10K |
2868 | 595 | million for 2005 compared to 2004, and 24.5% to $242.0 million for 2004 compared to 2003. The increases resulted from a combination of increased premium growth and comparatively favorable claims experience for 2005 compared to 2004, and comparatively favorable claims experience for 2004 compared to 2003. | 46 | 10K |
HannoverRueckSE-AR_2019 | 424 | Property & Casualty reinsurance: Gross premium in North America by lines of business | 13 | annual_report |
5944 | 882 | Judgment in the assessment of qualitative factors of impairment include macroeconomic, industry and market conditions, cost considerations, our financial performance, events specific to our company, industry or reporting unit, and other relevant events. To the extent we determine that it is more likely than not that the fair value of a reporting unit is less than its carrying value, a quantitative test is then performed. | 65 | 10K |
gb_prudential-AR_2012 | 2,732 | Insurance contracts Insurance contracts are permitted to be accounted for under previously applied GAAP. The Group has chosen to adopt this approach. However, as an improvement to accounting policy, permitted by IFRS 4, the Group has applied the measurement principles for with-profi ts contracts of UK regulated entities and disclosures of the UK Standard FRS 27 from 1 January 2005. An explanation of the provisions under FRS 27 is provided in note D2. | 73 | annual_report |
de_allianz-AR_2016 | 767 | life/HealTH Continue with selective focus on profitable growth and further shift new business mix towards capital efficient, unit-linked, and protection products. Considering the disposal of our South Korean business, revenues are expected to be in the range of € 60.0 BN to € 66.0 BN. Operating profit between € 3.7 BN and € 4.3 BN. | 55 | annual_report |
5947 | 1,218 | RMBS, CMBS, CLO and Other ABS. The fair value of these instruments is estimated based on prices of comparable securities and spreads and observable prepayment speeds. These securities are generally categorized in Level II of the fair value hierarchy or in Level III when market-based transaction activity is unavailable. The fair value of any Level III securities is generally estimated by discounting estimated future cash flows. | 66 | 10K |
AegonNV-AR_2014 | 1,446 | ADAMS has multiple international business partners across Asia, including banks and non-financial institutions. It focuses on protection products that generate risk premiums, such as term life insurance, personal accident insurance, and supplemental health insurance. | 34 | annual_report |
NatwestGroupPLC-AR_2019 | 1,447 | Fees are reviewed regularly and the Board may choose to apply an increase on an annual or less frequent basis, within the limits set out in this policy. Additional fees may be paid for new Board Committees provided these are not greater than fees payable for the existing Board Committees as detailed in the annual report on remuneration. | 58 | annual_report |
4089 | 839 | Deferred acquisition costs are included in other assets on the accompanying Consolidated Balance Sheets. | 14 | 10K |
Sampoplc-AR_2005 | 2,605 | Insurance Holding Ltd’s complete annual report for 2005 is available at www.if-insurance.com and www.sampo.com. | 14 | annual_report |
INGGroepNV-AR_2003 | 1,954 | against the 2003 targets set at the beginning of that year. Over 2003, ING significantly exceeded the three targets set, resulting in a payout of 175% of target. The difference between actual | 32 | annual_report |
2826 | 2,662 | the contribution to income/loss of divested businesses that have been or will be sold or exited but that did not qualify for “discontinued operations” accounting treatment under U.S. GAAP. | 29 | 10K |
3016 | 1,431 | As of December 31, 2006 and 2005, costs incurred for Property and Equipment not yet placed in service amounted to $3.7 million and $1.3 million, respectively. Amortization of costs incurred in developing or purchasing computer software amounted to $4.1 million, $2.6 million and $2.1 million for the years ended December 31, 2006, 2005 and 2004, respectively. Depreciation expense, excluding amortization of computer software, amounted to $3.1 million, $2.1 million and $1.3 million for the years ended December 31, 2006, 2005 and 2004, respectively. | 83 | 10K |
nl_ing_grp-AR_2014 | 2,695 | Debt securities in issue 2,548 Other borrowed funds 7,341 138 Insurance and investments contracts 119,237 135,851 51,828 Amounts due to banks 56 Customer deposits and other funds on deposit 5,911 14,207 Financial liabilities at fair value through profit and loss 3,100 2,554 2,081 Other liabilities 6,487 5,310 –619 | 48 | annual_report |
StorebrandASA-AR_2012 | 1,957 | Distribution beween company and customers: Bonds held to maturity - company 222 | 12 | annual_report |
1432 | 324 | Policyholder benefits 923 789 590 Operating expenses 856 661 547 ----------- ---------- ---------- ----------- ---------- ---------- Total benefits and expenses 1,779 1,450 1,137 ----------- ---------- ---------- Income from operations 206 168 158 Income tax expense 70 51 51 ----------- ---------- ---------- Net Income $ 136 $ 117 $ 107 =========== ========== ========== | 52 | 10K |
5513 | 1,748 | An increase in the percentage of purchase originations, discussed above, an increase in 97% LTV programs offered by lenders, and home price appreciation, have increased the percentage of our NIW with LTV ratios greater than 95% in 2018 compared to 2017. | 41 | 10K |
5719 | 2,624 | Our indexed annuity and IUL contracts permit the holder to elect an interest rate return or an equity market component, where interest credited to the contracts is linked to the performance of the Standard & Poor's 500 Index (“S&P 500”) and other indices. Contract holders may elect to rebalance index options at renewal dates. At the end of each indexed term, which can be up to 6 years, we have the opportunity to re-price the indexed component by establishing participation rates, caps, spreads and specified rates, subject to contractual guarantees. We use call options that are highly correlated to the portfolio allocation decisions of our contract holders, such that we are economically hedged with respect to equity returns for the current reset period. | 123 | 10K |
ch_zurich_insurance_group-AR_2015 | 1,967 | Balance as of December 31, 2013, as previously reported 11 6,395 1,730 106 (4,008) 195 28,075 32,503 2,231 34,734 Issuance of share capital1 – 200 – – – – – 200 – 200 | 33 | annual_report |
5009 | 830 | At December 31, 2014 and 2013, there were no investments, other than investments in United States government and government agency securities, which exceeded 10% of common stockholders’ equity. At December 31, 2014, investments with a carrying value of $1,151 million were on deposit in custodial or trust accounts, of which $906 million was on deposit with state insurance departments, $188 million was on deposit in support of the Company’s underwriting activities at Lloyd’s, $44 million was on deposit as security for reinsurance clients and $13 million was on deposit as security for letters of credit issued in support of the Company’s reinsurance operations. | 103 | 10K |
NatixisSA-AR_2017 | 1,953 | In respect of BPCE and its subsidiaries 25,000 0 23,250 23,250 | 11 | annual_report |
PowszechnyZakladUbezpieczenSA-AR_2020 | 2,235 | The rating outlook has changed as a result of the deterioration in financial and business conditions in Poland due to the outbreak of the COVID-19 pandemic. According to the agency’s analysts, this may affect the PZU Group’s business; in particular, it may lead to a lower contribution from banking activity. At the same time, S&P issued a forecast that the PZU Group’s position will remain stable. The viewpoint of the agency’s analysts is that the PZU Group will maintain its leading business position in Poland, a strong capital position and a stable result on insurance activity, whereby it will be capable of withstanding any further potential deterioration in the business environment.. | 111 | annual_report |
nl_ing_grp-AR_2017 | 3,010 | Valuation results and net trading income includes the fair value movements on derivatives (used for both hedge accounting and economically hedging exposures) as well as the changes in the fair value of assets and liabilities included in hedging relationships as hedged items. In addition, Valuation results and net trading income includes the results on assets and liabilities designated at fair value through profit or loss. | 65 | annual_report |
4900 | 1,275 | By using both individual estimates of reported claims and generally accepted actuarial reserving techniques, we estimate the ultimate net liability for losses and loss expenses. While the ultimate actual liability may be higher or lower than reserves established, we believe the reserves make a reasonable provision, in the aggregate, for all unpaid losses and loss expenses incurred. Any changes in the liability estimate may be material to the results of operations in future periods. We do not discount to present value that portion of our losses and loss expense reserves expected to be paid in future periods; however, our loss and loss expense reserves include anticipated recoveries for salvage and subrogation claims. | 112 | 10K |
3712 | 715 | Index to Financial Statements The Corporate and Other segment includes investment income on corporate assets not specifically allocated to a line of business, interest expense on corporate debt other than non-recourse debt, and certain other corporate income and expense not allocated to a line of business. Corporate and Other also includes results from certain Unum US insurance products not actively marketed, including individual life and corporate-owned life insurance, reinsurance pools and management operations, group pension, health insurance, and individual annuities. We expect operating revenue and income resulting from these insurance products to decline over time as these business lines wind down. | 101 | 10K |
nl_ing_grp-AR_2018 | 1,497 | Group at the Annual General Meeting on 23 April 2019. The appointments have been approved by the European Central Bank (‘ECB’). | 21 | annual_report |
AvivaPLC-AR_2011 | 4,418 | Net assets on a statutory IFRS net basis 15,363 17,725 Adjusting for general business and other net assets on a statutory IFRS net basis 301 1,331 | 26 | annual_report |
gb_prudential-AR_2016 | 4,239 | In summary, for Asia operations, the operating profit based on longer-term investment returns is mainly affected by the impact of market levels on unit-linked persistency, and other insurance risks. At the total IFRS profit level the Asia result is affected by short-term value movements on the asset portfolio for non-linked shareholder-backed business. | 52 | annual_report |
5920 | 765 | •Corporate expenses increased by $7.8 million primarily due to reorganization and remediation initiatives, which were not a cost of underwriting, as well as certain holding company expenses in 2019. | 29 | 10K |
gb_prudential-AR_2012 | 3,393 | Shareholders’ share of realistic liabilities – (2,469) (2,469) – – – (2,469) | 12 | annual_report |
4431 | 960 | The Alternative Payment Mechanism does not apply during any period between scheduled interest payment dates if there is a “market disruption event” that occurs over a specified portion of such period. Market disruption events include any material adverse change in domestic or international economic or financial conditions. | 47 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2016 | 51 | Collaboration between Supervisory Board and Board of Management The Board of Management involved the Supervisory Board in all important business transactions and decisions of fundamental significance for the Group. During meetings, we held in-depth discussions with the Board of Management about the information provided to us. Cooperation with the Board of Management was characterised in every regard by – and responsible action aimed at – promoting the successful development of Munich Re. The Board of Management satisfied its reporting obligations towards the Supervisory Board in all respects, both verbally and in writing. | 92 | annual_report |
2885 | 1,140 | On February 24, 1993, Apex Insurance Agency, Inc. issued ten shares of common stock to a minority shareholder. In April 2005, Apex Insurance Agency, Inc. issued a note payable for $1.7 million, due in equal installments over 84 months, to repurchase the ten shares of common stock it issued to the minority shareholder and to meet certain contracted compensation arrangements. As of December 31, 2005, PIC Holdings owns 100% of the outstanding common stock of Apex Insurance Agency, Inc. | 79 | 10K |
LloydsBankingGroupPLC-AR_2011 | 389 | Key opportunities Economic environment: Significant progress in reducing the Group’s risk profile and strengthening the balance sheet in recent years along with strategic actions taken in 2011 means we are better positioned to benefit as the economy recovers. | 38 | annual_report |
1560 | 399 | Independent Auditors' Report............................................ 33 Consolidated Financial Statements: Consolidated Balance Sheets as of December 31, 2000 and 1999..... 34 Consolidated Statements of Income for Each of the Years in the Three-Year Period Ended December 31, 2000....................... 35 Consolidated Statements of Comprehensive Income for each of the Years in the Three-Year Period Ended December 31, 2000....... 36 Consolidated Statements of Shareholders' Equity for Each of the Years in the Three-Year Period Ended December 31, 2000....... 37 Consolidated Statements of Cash Flows for Each of the Years in the Three-Year Period Ended December 31, 2000................... 38 Notes to Consolidated Financial Statements....................... 40 | 99 | 10K |
SwissReAG-AR_2010 | 1,155 | Rajna Gibson Brandon is a deputy director of the National Centre of Competence in Research (NCCR) “Financial Valuation and Risk Management” research network, Director of Research of the Swiss Finance Institute (SFI) and an adviser to scientific councils of various educational institutions. She was a member of the Swiss Federal Banking Commission until the end of 2004. | 57 | annual_report |
5802 | 1,180 | Total investment return of 16.6% in 2019 was significantly more than in 2018. The 2019 contribution from the investment income component was enhanced by the net favorable effect of the investment gains and losses components. Comparing contributions for 2019 with 2018, investment income rose $27 million, investment gains increased by $2.052 billion and the invested assets net change in unrealized gains and losses increased by $883 million. The base component of the return calculation, annual average invested assets, was down 1% in 2019. For 2018 compared with 2017, total investment return decreased by 11.2 percentage points, reflecting net unfavorable effect of the investment gains and losses. The base component of the return calculation, annual average invested assets, increased 9% in 2018. | 121 | 10K |
NatwestGroupPLC-AR_2015 | 2,298 | Allocation of central balance sheet items RBS allocates all central costs relating to Services and Functions to the business using appropriate drivers, these are reported as indirect costs in the segmental income statements. However, previously central balance sheet items have not been allocated. | 43 | annual_report |
4397 | 826 | The Company occupies office space in Shelton, Connecticut, which is leased from an affiliate, Prudential Annuities Information Services and Technology Corporation, formerly known as American Skandia Information Services and Technology Corporation. | 31 | 10K |
2755 | 3,969 | Our liquidity requirements in the past have been met by the operating cash flows from our subsidiaires and the issuance of debt and equity securities. We expect our liquidity requirements in the future to be met by these sources of funds or, if necessary, borrowings from our lines of credit. | 50 | 10K |
AvivaPLC-AR_2003 | 1,786 | Italy Aviva Italia Holding SpA and its principal subsidiaries: Aviva Vita SpA (25.5%) Commercial Union Assicurazioni SpA (50.0%) Commercial Union Insurance SpA Commercial Union Life SpA (50.0%) Commercial Union Previdenza SpA (50.0%) Commercial Union Vita SpA (51.0%) Eurovita Assicurazioni SpA (41.0%) | 41 | annual_report |
2929 | 1,185 | We maintain an Executive Voluntary Deferral Plan and an Outside Directors Deferral Plan. These plans allow executives and directors to defer eligible compensation into deferred stock units or a cash account bearing interest at a fixed rate of return. We funded the purchase of 40,580 shares of common stock related to these plans in 2005. The shares are held in a trust to be used for payments to participants under the plans. The trustee held 237,400 shares at December 31, 2005. Further information on these plans can be found in Note 9 to the accompanying Consolidated Financial Statements. | 98 | 10K |
3992 | 9,021 | is a special purpose financial captive, only invested assets supporting capital and relating to Separate Accounts remain in ALIC’s other subsidiaries. All significant intercompany transactions have been eliminated in consolidation. | 30 | 10K |
4061 | 879 | We also realize investment gains and investment losses on the sale and impairment of securities, with the net gain or loss reported as a component of revenue. | 27 | 10K |
gb_prudential-AR_2015 | 1,059 | In addition to these considerations, the directors regularly consider strategic matters that may affect the longer-term prospects of the Group. Further, the Group as a whole, and each of its life assurance operations, are subject to extensive regulation and supervision, which are designed primarily to reinforce the Company’s management of its long-term solvency, liquidity and viability to ensure that it can continue to meet obligations to policyholders. | 67 | annual_report |
AvivaPLC-AR_2020 | 988 | In 2020 the Aviva Foundation in the UK continued to invest unclaimed assets of shareholders through grants to charities and social enterprises. In 2020 the Foundation committed to giving £4 million to 10 non-profit organisations and social enterprises that, working with our business, can support our communities and vulnerable customers. This included funding the Financially Resilient Communities Programme, a consortium of local and national charities, working with communities to improve financial advice available for deprived communities. | 76 | annual_report |
5207 | 1,486 | As described above, completion factors and claims trend factors can have a significant impact on determination of our claim liabilities. The following example provides the estimated impact on our December 31, 2016 claim liabilities, assuming the indicated hypothetical changes in completion and trend factors: | 44 | 10K |
5571 | 5,684 | Plaintiff filed this putative class action on behalf of all persons due benefits under group annuity contracts but who did not receive the entire amount to which they were entitled. Plaintiff asserts claims for unjust enrichment, accounting, and restitution based on allegations that the Company failed to timely pay annuity benefits to certain group annuitants. Plaintiff seeks declaratory and injunctive relief, as well as unspecified compensatory and punitive damages, and other relief. The court dismissed this matter as to all defendants on January 15, 2019. | 85 | 10K |
5110 | 776 | Global Indemnity is a holding company. Its principal asset is its ownership of the shares of its direct and indirect subsidiaries, including those of its U.S. insurance companies: United National Insurance Company, Diamond State Insurance Company, United National Specialty Insurance Company, Penn-America Insurance Company, Penn-Star Insurance Company, Penn-Patriot Insurance Company, and American Reliable Insurance Company; and its Reinsurance Operations: Global Indemnity Reinsurance. | 62 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2016 | 614 | Individual subscriptions offered diverse investment strategies, which adapted to the changing market conditions. Besides the payout of the guaranteed capital, certain closed subscriptions concluded with a payout of the profit. | 30 | annual_report |
gb_lloyds_banking_grp-AR_2005 | 1,332 | Further information on the Group’s life assurance businesses, including its available capital resources and regulatory capital requirements, the realistic value of its assets and liabilities and its capital sensitivities is given in note 34 and on pages 35 to 38. | 40 | annual_report |
2648 | 2,925 | In our opinion, the consolidated financial statements listed in the accompanying index present fairly, in all material respects, the financial position of Protective Life Insurance Company and its subsidiaries at December 31, 2004 and 2003, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 2004 in conformity with accounting principles generally accepted in the United States of America. In addition, in our opinion, the financial statement schedules listed in the accompanying index present fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statements. These financial statements and financial statement schedules are the responsibility of the Company's management; our responsibility is to express an opinion on these financial statements and financial statement schedules based on our audits. We conducted our audits of these statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. | 232 | 10K |
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