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
5195
1,102
Ceding fees. Ceding fees increased by $5.3 million, or 7.9%, from $68.0 million for the year ended December 31, 2015 to $73.3 million for the year ended December 31, 2016, due to an increase in Program Services gross earned premium. Program Services gross earned premiums increased from $1.0 billion for the year ended D...
116
10K
3734
2,307
•Net realized capital losses were $1.86 billion in 2008 compared to net realized capital gains of $1.42 billion in 2007.
20
10K
nl_ing_grp-AR_2014
128
Developing our capabilities We perform our core tasks by combining our resources to best effect in the provision of our products and services. In a dynamic environment we will only continue to add value by enhancing our capabilities and executing our core tasks more efficiently.
45
annual_report
SwissReAG-AR_2014
1,282
The company may issue its registered shares in the form of single certificates, global certificates and intermediated securities. The company may convert its registered shares from one form into another at any time and without the approval of the shareholders. The shareholders have no right to demand a conversion into ...
85
annual_report
NatixisSA-AR_2010
6,846
Natixis made substantial efforts in the managerial development area in 2010. These involved providing training programs for 740 managers and implementing specifi c measures geared to preventing psychosocial risks (nearly 1,000 managers attended awareness-raising sessions), rolling out the evaluation campaign, managemen...
47
annual_report
RaiffeisenBankInternationalAG-AR_2007
1,121
Human resources in all network banks and thus strengthen uniform Group awareness.
12
annual_report
AdmiralGroupPLC-AR_2014
1,145
@ Reviewing the Company’s performance against the performance conditions applicable to the DFSS and SIP awards and where appropriate authorising the vesting of awards.
24
annual_report
4625
720
In addition, we paid a 0.25% fee to all lenders that approved the March 2011 amendment.
16
10K
StorebrandASA-AR_2012
1,249
STOREbRAND LIFE INSURANCE NORWAy the stress tests were carried out on all investment profiles with a guaranteed return and the effect of each stress changes the expected return in each profile. For the negative stress tests (equities down, interest rates up and property down) the return in some individual profiles will...
158
annual_report
5035
447
In support of our expansion in the Houston metropolitan area, commencing June 1, 2015, we entered into a property quota share reinsurance treaty with a third party reinsurer specifically to mitigate losses from named tropical cyclone storm risk. The treaty covers 90% of our risk under property coverage on any named hur...
90
10K
ScorSE-AR_2014
738
Combined ratio SCOR Global P&C achieved a net combined ratio (1) of 91.4% in 2014 against 93.9% in 2013 and 94.1% in 2012.
23
annual_report
4420
1,223
Consolidated Statements of Comprehensive Income for the years ended December 31, 2011, 2010 and
14
10K
5770
1,446
Pharmacy revenues. Pharmacy revenues are primarily derived from providing pharmacy benefit management services to clients and customers. Pharmacy revenues are recognized when control of the promised goods or services is transferred to clients and customers, in an amount that reflects the consideration the Company expec...
52
10K
5472
860
In December 2016, $150 million of debt issued by AGUS became floating rate interest debt, that resets quarterly, at a rate equal to three month London Interbank Offered Rate (LIBOR) plus a margin equal to 2.38%. The interest rate on the debt was previously a fixed rate of 6.4%.
49
10K
AegonNV-AR_2018
7,347
Although most of the risk remains with the policyholder, guarantees within certain products may transfer some or all of this risk to Aegon. Lower investment returns also reduce the asset management fee that Aegon earns on the asset balance in these products and prolonged investment under-performance may cause existing ...
61
annual_report
TopdanmarkAS-AR_2011
1,041
Operational finance leases: Note 43. Core capital and capital base 2010 2011
12
annual_report
4561
1,099
Headquartered in Louisville, Kentucky, Humana is a leading health care company that offers a wide range of insurance products and health and wellness services that incorporate an integrated approach to lifelong well-being. References throughout these notes to consolidated financial statements to “we,” “us,” “our,” “Com...
113
10K
HiscoxLtd-AR_2010
838
Bonus (PRB). The PPB is only available to junior and mid-level staff and is based entirely on individual performance ratings. It is designed to ensure that employees in these roles continue to be motivated to perform and the benefit is up to 10% of relevant salaries.
46
annual_report
4774
2,713
Based on RBC calculations as of December 31, 2013, six of Tower’s ten U.S. based insurance subsidiaries have capital and surplus below Company Action Level and do not meet the minimum capital and surplus requirements of their respective state regulators. As a result, management has discussed the ACP Re Merger Agreement...
88
10K
3632
1,252
In May 2008, the FASB issued Staff Position APB14-1 ("FSP APB14-1"), Accounting for Convertible Instruments That May Be Settled in Cash upon Conversion. The FSP requires the issuer of certain convertible debt instruments that may be settled in cash on conversion to separately account for the liability and equity compon...
101
10K
ScorSE-AR_2012
3,445
(2011: EUR (31) million; 2010: EUR (25) million) and no realized gains/losses (2011: Nil; 2010: Nil).
16
annual_report
2033
486
In connection with the 2002 $1.8 billion capital contribution and other transactions, we transferred our international property and casualty businesses from ERC Life to GE Investments, Inc. ("GEII"), and following those transactions, we own all the outstanding shares of Class C common stock of GEII. The Class C stock i...
119
10K
4814
552
The table below shows the amounts of total case reserves and incurred but not reported (“IBNR”) claims provision as of the year ended December 31, 2013 and as of the year ended December 31, 2012. The provision for unpaid claims increased by 44.7% to $101.4 million as of the year ended December 31, 2013 compared to $70....
116
10K
4323
1,301
Assets and liabilities measured at fair value on a recurring basis as of December 31, 2010 and December 31, 2009 are summarized below (dollars in thousands).
26
10K
NatwestGroupPLC-AR_2014
6,877
Swaps are part of the management of the inflation and interest rate sensitivity of the Main scheme liabilities. They have been executed at prevailing market rates and within standard market bid/offer spreads. The majority of swaps are with The Royal Bank of Scotland plc and National
46
annual_report
3514
615
The Commercial segment’s benefit expenses decreased $382.3 million, or 7.1%, from 2005 to 2006. This decrease primarily results from the decrease in fully-insured group membership partially offset by the increase in average per member claims costs. The increase in average per member claims costs for fully-insured group...
53
10K
TopdanmarkAS-AR_2016
626
Note 8. Change in life insurance provisions Products with guarantees and profitsharing 789 (284) Unit-linked products (4,469) (5,875) Change in life insurance provisions (3,680) (6,159)
25
annual_report
2789
844
We anticipate that funds to meet our short-term and long-term capital expenditures, cash dividends to stockholders and operating cash needs will come from existing capital and internally generated funds. We believe that the current level of cash and available-for-sale and short-term securities, combined with expected n...
124
10K
PhoenixGroupHoldingsPLC-AR_2016
2,545
The table below sets out a comparison of the carrying amounts and fair values of financial instruments as at 31 December 2016: Carrying value
24
annual_report
fr_axa-AR_2001
1,496
Adjusted earnings for the 15 months ended December 31, 2001 were a loss of €2 million. For the 12 months ended September 30, 2001, the loss amounted to €1 million9, a decrease of €1 million compared to the same period in 2000 due to adverse investment market conditions.
48
annual_report
4178
687
an $18 million reduction in amortization of intangible assets, equivalent to approximately 1 percentage point;
15
10K
5578
1,797
Cigna Litigation with Anthem. In February 2017, the Company delivered a notice to Anthem terminating the 2015 merger agreement, and notifying Anthem that it must pay the Company the $1.85 billion reverse termination fee pursuant to the terms of the merger agreement. Also in February 2017, the Company filed suit against...
122
10K
5765
1,042
Auditing the valuation of the reserve for IBNR claims was complex and required the involvement of our actuarial specialists due to the high degree of judgment in the actuarial methods and assumptions, including expected loss ratios and reported and paid loss emergence patterns, used in the valuation process. These meth...
64
10K
4913
1,272
Financial strength ratings provided by A.M. Best, S&P, Fitch and Moody's are the rating agency's opinions of the ability of our insurance subsidiaries to pay policyholder claims and obligations when due.
31
10K
de_allianz-AR_2006
1,613
Summary of the impact of the reclassifications on the consolidated income statements for the years ended December 31, 2005 and 2004: Year ended December 31, 2005, as previously reported € mn
31
annual_report
fr_axa-AR_2013
4,807
Acquisition/sale of interests in subsidiaries without change in control (120) (221)
11
annual_report
Sampoplc-AR_2011
169
Sampo Group's companies follow the common values of ethicality, loyalty, transparency and enterprise in their business operations and contacts with all stakeholders. Insurance is a business where responsibility and trust are inherent in daily customer contacts. Social responsibility is high on the agenda both in If P&C...
70
annual_report
LloydsBankingGroupPLC-AR_2020
4,538
Measurement Operational risk is managed across the Group through an operational risk framework and operational risk policies. The operational risk framework includes a risk and control self-assessment process, risk impact likelihood matrix, key risk and control indicators, risk appetite, a robust operational event mana...
54
annual_report
NatixisSA-AR_2007
1,152
Executive Offi cer and founder of EURIS, the holding company of one of France’s leading retail groups. He began his career as an auditor with the French Treasury before becoming chief of staff at the Ministry of Social Affairs and National Solidarity in 1982 and at the Ministry of the Economy in 1984. He was also manag...
66
annual_report
4072
1,003
(i) Realized Net Capital Gains and Losses: Realized capital gains and losses principally emanate from the following sources:
18
10K
AegonNV-AR_2019
5,789
Refer to note 46 Transfer of financial assets for details on collateral received and paid. Investment of cash collateral received is restricted through limitations on credit worthiness, duration, approved investment categories and borrower limits. EUR 11 million
37
annual_report
1233
303
Under the asset and liability method used by the Company as outlined in SFAS No. 109, "Accounting for Income Taxes", deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the consolidated financial statements carrying amounts of existing assets ...
87
10K
1827
234
Accrual of income is suspended on fixed maturities or mortgage loans that are in default, or on which it is likely that future payments will not be made as scheduled. Interest income on investments in default is recognized only as payment is received. Investments in default at December 31, 2001 and 2000 were insignific...
54
10K
NatixisSA-AR_2008
3,687
To carry out its role in terms of measuring, consolidating, monitoring and reporting risks, Natixis’ Risk Management
17
annual_report
AssicurazioniGeneraliSpA-AR_2019
5,229
Geopolitical, macroeconomic and financial instability: the weakening of multilateralism and of the traditional global governance mechanism are leading to increased tension between countries and to the resurgence of trade protectionism and populism. Associated with this altered geopolitical picture - with complex cause ...
90
annual_report
NatwestGroupPLC-AR_2019
4,824
Year ended 31 December 2019 £m £m £m £m £m £m £m £m
13
annual_report
1271
319
The Company's facilities in Columbus, Ohio were inventoried, assessed and tested as being Year 2000 compliant. Mission critical systems supporting the Company's infrastructure such as telecommunications, voice and networks were renovated and brought into compliance as planned during the second quarter of 1999.
43
10K
SwissReAG-AR_2008
891
Hans Ulrich Maerki joined IBM Switzerland in 1973. After some years in the sales area, he was promoted to a number of managerial positions in IBM’s Paris European Headquarters as well as in IBM Switzerland. From 1993 to 1995, he led IBM’s business in Switzerland as General Manager, before moving to IBM Europe in Paris ...
110
annual_report
2111
3,412
The Company’s industry is highly competitive and has experienced significant price competition over most of the last decade. In addition, a number of new well-capitalized competitors have entered the market recently, and the Company expects to face further competition from new market entrants in the future. The Company...
204
10K
LloydsBankingGroupPLC-AR_2016
4,958
Gains recognised in the income statement within other income 437 – 437 192 – 192
15
annual_report
NatwestGroupPLC-AR_2005
267
��� Loans to our small business customers were up 9% in 2005. Deposits by small business customers, taking advantage of our competitive range of products, grew by 4%.
28
annual_report
de_allianz-AR_2014
2,180
Part of Property-Casualty insurance business of UnipolSai Assicurazioni S.p.A., Bologna – 1 July 2014 Property-Casualty 257 Acquisition
17
annual_report
ch_zurich_insurance_group-AR_2017
3,111
Zurich UK General Services Limited Fareham, England 100 100 GBP 258.2
11
annual_report
LloydsBankingGroupPLC-AR_2010
3,567
BOARD EVALUATION AND PERFORMANCE The Nomination & Governance Committee recommended to the Board that, as in 2009, the 2010 evaluation should again be facilitated externally. Given the number of new entrants to this market, we agreed that we should explore the range of services available. Following a tender process and ...
73
annual_report
5491
17,860
• For additional disclosures about guarantees of outstanding debt see Note 25 to the Consolidated Financial Statements.
17
10K
240
1,601
In November 1993, the Company acquired a 50% interest in Senior Benefits, which markets Medicare Supplement policies for NFL. The Company is providing financing to Senior Benefits during the start-up phase of the operations. Senior Benefits' revenue and expenses were $1,005,000 and $1,105,000 during 1995, and $278,000 ...
157
10K
2848
453
Reserves for Unpaid Losses and Loss Adjustment Expenses. Reserves for unpaid losses and LAE are established for claims which have already been incurred by the policyholder but which we have not yet paid. Losses and LAE represent the estimated ultimate net cost of all reported and unreported losses incurred through Dece...
103
10K
2197
1,072
Variable universal life product revenues increased $5.6 million, or 5%, in 2003 compared to 2002, primarily due to higher cost of insurance fees from a growing inforce, and higher surrender charges, partially offset by slightly lower sales and lower interest earned.
41
10K
HelvetiaHoldingAG-AR_2019
154
Pro bono appointments Three appointments, in particular President of the National Committee of UNICEF Switzerland and Liechtenstein and on the Board of Pro Infirmis
24
annual_report
3172
970
Net income for the year ended December 31, 2006 was $34.7 million, or $2.17 per diluted share, compared to net income of $12.1 million, or $0.94 per diluted share for 2005. Net income for 2005 included $21.2 million on a pre-tax basis ($13.8 million on an after-tax basis) of costs, net of reinsurance, in connection wit...
63
10K
4065
850
Deferred income taxes are generally recognized when assets and liabilities have different values for financial statement and tax reporting purposes, and for other temporary taxable and deductible differences as defined by ASC 740, Income Taxes, (prior authoritative literature Financial Accounting Standard FAS 109, "Acc...
77
10K
2157
819
Certain of our reinsurers questioned our interpretation and/or application of some provisions of our property per risk reinsurance agreements with regard to the September 11 losses. The questions raised generally involved the applicable limit of reinsurance coverage available to us, the definition of what constitutes o...
110
10K
5139
1,024
Long-term interest rates decreased less in 2015 than in 2014, contributing to a favorable change in our direct and assumed embedded derivatives and an unfavorable change in our ceded reinsurance assets, embedded derivatives and freestanding derivatives. For example, the 30-year U.S. swap rate decreased by 3% in 2015 an...
52
10K
2177
725
Activity in the reserves for losses and loss adjustment expenses is summarized as follows:
14
10K
BaloiseHoldingLtd-AR_2006
3,104
External appraisals are obtained at regular intervals. Changes in fair value are recognized in income immediately in the period in which they arise as realized book gains or losses.
29
annual_report
5309
1,746
Securities partnerships, real estate and hedge funds are valued using NAV as a practical expedient and are excluded from the fair value hierarchy. See Note 10 for additional disclosures related to these assets invested in the separate accounts of the Company's subsidiaries. Certain securities as described in Note 10, a...
74
10K
fr_axa-AR_2013
634
On May 22, 2013, S&P reaffi rmed long-term ratings on AXA
11
annual_report
PosteItalianeSpA-AR_2018
2,799
Insurance contracts are classified and measured as insurance contracts or finance contracts, based on their prevalent features. Contracts issued by Poste Vita SpA primarily relate to life assurance. In 2010 Poste Assicura SpA began operating in the non-life sector.
39
annual_report
4383
3,252
Interest credited to contractholder funds (net of reinsurance ceded of $27, $32 and $32)
14
10K
SwissLifeHoldingAG-AR_2016
1,632
Swiss Life – Annual Report 2016 6 Independent Auditor’s Report on Embedded Value
13
annual_report
fr_axa-AR_2008
7,558
The receiver represents the Company. he is entrusted with the broadest possible powers in order to dispose of the Company’s assets, including through amicable settlements. he is also empowered to make payments to creditors and distribute the remaining balance.
39
annual_report
5053
1,978
The Company will not amortize any net actuarial loss/(gain) from other comprehensive income into net periodic benefit cost during 2016 since the net actuarial loss (gain) is less than 10% of the greater of the smooth value of assets or the projected benefit obligation.
44
10K
2855
987
The Financial Services segment had gross realized gains of $20,364, $11,217 and $18,885 in 2005, 2004 and 2003, respectively, and gross realized losses of $18,049, $4,129 and $20,866 in 2005, 2004 and 2003, respectively. Included in gross realized losses were impairment write-downs of $334, $0, and $10,470, during 2005...
242
10K
NatwestGroupPLC-AR_2015
7,155
RBS agreed to create an OFAC compliance programme to ensure compliance with OFAC regulations by RBS’s global business lines outside the US, and to adopt, implement, and comply with the programme. Prior to and in connection with the
38
annual_report
RaiffeisenBankInternationalAG-AR_2007
558
The Gable Cross is the trademark used by every member of the Raiffeisen Banking Group. It consists of two stylized horse’s heads crossed and attached to the gable of a house. It is a symbol of protection rooted in old European traditions. A gable cross on the roof was believed to protect a house and its occupants from ...
112
annual_report
4826
898
In conjunction with the issuance of the Convertible Notes, the Company entered into a prepaid stock repurchase forward contract and used $29,923 of the net proceeds from the Convertible Notes offering to repurchase the Company’s common stock. See Note 15 - “Stockholders’ Equity” for the effect of the repurchase forward...
55
10K
DirectLineInsuranceGroupPLC-AR_2018
734
Our stakeholders The Board believes that adopting a business model that is sustainable in the long term and based on high ESG standards is important for promoting the success of the Company. In discussing and approving the Group’s strategic and financial plan, the Board considers the potential impact on all stakeholder...
103
annual_report
2178
123
DEFERRED POLICY ACQUISITION COST ("DAC") AMORTIZATION We incur significant costs in connection with acquiring business. In accordance with generally accepted accounting principles ("GAAP"), costs that vary with and are primarily related to acquiring business are deferred and recorded as an asset on the Consolidated Sta...
170
10K
NatwestGroupPLC-AR_2012
4,203
Risk profile Reporting The Committee received a detailed report on key risks and metrics at each meeting and the Chief Risk Officer provided an oral update on the key risks to the organisation. This enabled the Committee to identify the key risk areas where additional focus was required. Focus sessions were provided by...
73
annual_report
AegonNV-AR_2018
5,721
Liabilities carried at fair value Derivatives Embedded derivatives in insurance contracts Discounted cash flow Own credit spread 2,484
18
annual_report
BaloiseHoldingLtd-AR_2002
974
5. Acquisitions and Disposals of Subsidiaries and Other Business Units 5.1 Acquisitions and disposals of subsidiaries and other business units in 2001
22
annual_report
5249
2,492
changes in the distribution or placement of risks due to increased consolidation of insurance and reinsurance brokers;
17
10K
4311
1,414
We do not typically experience significant claims processing backlogs, although such backlogs may occur following a major catastrophic event. At December 31, 2010 and 2009, we did not have a significant backlog in either our insurance or reinsurance claims processing.
40
10K
Sampoplc-AR_1999
1,116
Technical provi ion , net 813.0 66 1.7 Balance heet total 1,676.7 1,345.9 Balance hect total at current values 4,793. 1 2,757.6 olvency margin 3,610.4 I ,885.4
27
annual_report
3553
942
In August 2006, the Company entered into a $200.0 million uncommitted letter of credit facility agreement with Citibank N.A. In April 2007, the Company increased its uncommitted letter of credit facility agreement with Citibank N.A. from $200.0 million to $400.0 million. As at March 17, 2008, $73.7 million has been dra...
74
10K
3683
2,077
On February 18, 2009, MetLife Insurance Company of Connecticut contributed $25 million to MLI-USA.
14
10K
1727
663
Held-to-Maturity Investments: Classified as Current: U.S. Government and its Agencies........................... $ 283 $ 3 $ 286 Municipal Obligations......................... 505 12 517 ------- --- ------- Total Current..................................... 788 15 803 ------- --- -------
32
10K
INGGroepNV-AR_2002
859
60,000 points of distribution and 6 million retail customers in Asia/Pacific region
12
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2009
603
Football is a classic team sport, with two sets of eleven players competing to win the game over 90 minutes. Success depends on individual effort, quick reactions, ball skills and – above all – teamwork.
35
annual_report
DirectLineInsuranceGroupPLC-AR_2012
1,774
Employee consultation The Group’s statement on our employees is set out in the Corporate Social Responsibility report. In summary, we encourage open, honest and transparent communication and dialogue with employees. ERBs are in place to advise the Executive Committee regarding employee matters, including concerns and r...
142
annual_report
SwissReAG-AR_2018
694
Investments for unit-linked and with-profit business 35 166 29 546 –16 Cash and cash equivalents 6 806 5 985 –12
20
annual_report
fr_axa-AR_1999
746
Insurance Group is the overall leader in the Belgian property and casualty insurance market (20% market share) and the market leader in workers’ compensation products (25% market share) and in automobile insurance products (20.3% market share). It is ranked second in fire insurance products (18% market share).
47
annual_report
BaloiseHoldingLtd-AR_2004
996
Investment property is shown at fair market value. This is determined each year by a valuation based on prevailing market conditions and carried out by in-house specialists.
27
annual_report
3038
1,438
As of December 31, 2006, we were in compliance with the covenants in our credit facility. The significant financial covenants of our credit facility were as follows:
27
10K
4921
2,264
Certain life insurance and annuity contracts provide the holder with a guarantee that the benefit received upon death will be no less than a minimum prescribed amount. The contracts are accounted for in accordance with the authoritative guidance on Accounting and Reporting by Insurance Enterprises for Certain Long- Dur...
80
10K
AegonNV-AR_2011
6,101
Securities and Exchange Commission. The subordinated notes will bear interest at a fixed rate of 8.00% and will not be cumulative and are priced at 100% of their principal amount. The coupon may be cancelled under certain circumstances.
38
annual_report
4370
2,156
(b)Commencing in the second quarter of 2011, AIG purchased certain RMBS securities that had experienced deterioration in credit quality since their origination. See Note 7 to the Consolidated Financial Statements, Investments - Net Realized Capital Gains and Losses - Purchased Credit Impaired (PCI) Securities, for addi...
47
10K
AegonNV-AR_2018
5,910
institution was liable if a broker ('remisier') that advised on the sale of the institution's products was not properly licensed. In July 2016, consumer interest group Platform Aandelenlease filed a claim against Aegon Bank regarding securities leasing product
38
annual_report
5861
534
Our Individual, Family and Small Business segment profit was $23.4 million in 2019, an increase of $17.6 million or 303% compared to 2018. The increase was primarily driven by an $18.4 million increase in revenue and a $0.9 million increase in operating expenses, excluding stock-based compensation expense, change in ea...
60
10K
TrygAS-AR_2003
770
Further, the development in earned premiums was affected by the change towards a relatively larger share of personal customers in the portfolio. From a portfolio composition where the personal customers’ share of the earned premiums was approximately 60 per cent, this share is now approximately 70 per cent.
48
annual_report