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5254
643
Income tax expense in 2016 was $1.04 billion, $262 million or 20% lower than in 2015, primarily reflecting the impact of the $687 million decrease in income before income taxes in 2016. Income tax expense in 2015 was $1.30 billion, $96 million or 7% lower than in 2014, primarily reflecting the impact
52
10K
5219
777
The following table presents the gross par outstanding of MBIA Corp.’s total direct RMBS insured exposure as of December 31, 2016 and 2015. Amounts include the gross par outstanding related to transactions that the Company consolidates under accounting guidance for VIEs.
41
10K
5896
1,526
The following table presents the disaggregated amounts of revenue from contracts with customers by product type for the following periods:
20
10K
4404
3,572
Fixed income and redeemable preferred stock (debt securities) are evaluated monthly for other-than-temporary impairment loss. For debt securities that have experienced a decline in fair value and we intend to sell or for which it is more likely than not we will be required to sell the security before recovery of its am...
67
10K
RSAInsuranceGroupPLC-AR_2017
2,771
Pension – remeasurement of net defined benefit liability net of tax – – – – – 44 44 – 44
20
annual_report
911
666
In late January and early February 1998, five putative class actions on behalf of American Bankers' shareholders were filed in United State District Court for the Southern District of Florida alleging causes of action arising out of the then proposed merger with AIG, including claims that certain members of the Company...
151
10K
757
996
AFC continues to be a separate SEC reporting company with publicly traded debentures and preferred stock. Holders of AFC Series F and G Preferred Stock were granted voting rights equal to approximately 21% of the total voting power of AFC shareholders immediately prior to the Mergers.
46
10K
ScorSE-AR_2012
75
(10) Life technical margin is calculated as a percentage of net technical result plus income from funds held by ceding companies and the net of gross and ceded earned premiums. The net technical result represents the result of the net reinsurance operations of the life division including income and expenses either impl...
96
annual_report
4218
849
The fair value of total asset-backed holdings at December 31, 2010 was $7,846 million which was comprised of 2,086 different asset-backed structured securities. The fair value of these securities does not tend to be influenced by the credit of the issuer but rather the characteristics and projected cash flows of the un...
140
10K
3005
939
Consolidated Statements of Stockholders’ Equity For the Years Ended December 31, 2006, 2005 and 2004
15
10K
fr_axa-AR_2003
2,167
Fees and revenues decreased by €73 million or increased by €32 million or + 3% on constant exchange rate due to a continuing shift in product mix towards higher margin products, especially in Health. Although the overall surrender rate has been constantly reducing over the year due to management actions, some surrender...
64
annual_report
de_allianz-AR_2007
2,048
The change in fair value of loans to banks and customers attributable to changes in credit risk amounts to a loss of � 23 mn (2006: gain of � 10 mn) for the year ended December 31, 2007 and cumulatively to a loss of � 13 mn (2006: gain of � 10 mn).
53
annual_report
fr_axa-AR_2009
8,740
Impact of foreign currency fl uctuations (12) (242) 191 272 (355) 9 (20) 54 66 (64)
16
annual_report
gb_prudential-AR_2014
2,009
Jackie Hunt 23 Sep 14 1,155 1,492 1 Dec 17 31 May 18 – 1,558 – – – – 1,558 Michael
21
annual_report
3933
1,159
The increases in net losses and LAE and the related ratios in 2008 as compared with 2007 were due to an increase in major catastrophe losses, partially offset by an increase in net favorable loss development. We had net losses from major catastrophes of $224,889,000 in 2008 and $44,585,000 in 2007. The net losses from ...
236
10K
GjensidigeForsikringASA-AR_2014
367
8. The provisions of the Articles of Association and authorisations that entitle the Board to decide that the enterprise shall buy back or issue own shares are described in section 3 of the statement.
34
annual_report
StorebrandASA-AR_2001
376
Finansbanken Forvaltning aims to attract wealthy private individuals, business owners and senior executives as its customers. Particular attention is paid to entrepreneurs, partners in professional practices, inherited wealth, professional sportsmen and professional artistes. In addition trusts and foundations make up ...
47
annual_report
ASRNederlandNV-AR_2013
1,232
Life insurance liabilities The technical provision is based on the premium calculation at the time the contract is issued. The probability of death is based on past experience and on expected future developments in mortality
35
annual_report
3395
872
Statutory net gains from insurance operations before federal income taxes were $309.3 million, $271.1 million and $314.0 million for 2007, 2006 and 2005, respectively. The changes in net gains were primarily due to premium growth, comparatively favorable claims experience, and a rise in the statutory discount rate that...
51
10K
RSAInsuranceGroupPLC-AR_2011
1,085
The Committee reviews, on an ongoing basis, the composition of the comparator group and will consider adding companies for future awards in the event that the number of constituent companies drops below an acceptable level. The TSR condition is independently calculated and verified by the Committee in respect of each a...
74
annual_report
ScorSE-AR_2020
6,172
Important events in the development of the issuer’s business 1.3.3 Significant events of the year 22 to 23 5.4 Strategy and objectives
22
annual_report
3482
719
Loss reserves also include an estimate of the expense associated with settling claims, including legal and other fees and the general expenses of administering the claims adjustment process. The following table shows our net loss reserves segregated between case reserves and IBNR at December 31, 2007 and 2006:
48
10K
5582
860
Policy acquisition costs and other insurance expenses as a percentage of net premiums for traditional individual life business were 22.6%, 21.3% and 25.7% in 2018, 2017 and 2016, respectively. Overall, while these ratios are expected to remain in a predictable range, and may fluctuate from period to period due to varyi...
80
10K
428
333
Commission revenues increased to $7.0 million in 1995 as compared to $6.4 million in 1994, primarily as a result of the IGS acquisition.
23
10K
2312
1,281
We estimated the fair value of each option grant used to determine the pro forma amounts summarized above using the Black-Scholes option valuation model with the following weighted average assumptions for the four months ended December 31, 2003, the eight months ended August 31, 2003 and the years ended December 31, 20...
54
10K
SwissReAG-AR_2020
2,025
Professional experience Jacques de Vaucleroy was a member of the Management Committee of AXA Group from 2010 to 2016, serving as Chief Executive Officer for North, Central and Eastern Europe and Chief Executive Officer of Global Life & Savings. He also held a number of positions in boards of directors and supervisory b...
99
annual_report
3406
1,135
Due to internal reorganization efforts which occurred throughout most of 2006, that included realigning people, processes, systems and compensation programs, the Company changed its significant reportable segments from standard insurance and nonstandard insurance to the new segments described below, effective January 1...
56
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2019
1,606
Equity funds 453 530 51 –13 402 543 Bond funds 1,818 1,463 55 37 1,763 1,425 Real estate funds 328 321 62 50 266 270
25
annual_report
4619
1,150
The following table summarizes activity in DAC and VOBA for the years ended December 31, 2012, 2011 and 2010:
19
10K
gb_lloyds_banking_grp-AR_2015
92
The strength of our Group comes from our rich and diverse heritage, our iconic brands, and a strong commitment to our core purpose of helping Britain prosper. We believe we are in a unique position to use our scale, reach and influence to help improve the economic and social issues facing people, businesses and communi...
61
annual_report
NatixisSA-AR_2015
9,486
7 LEGAL INFORMATIONStatutory Auditors’ special report on related-party agreements and commitments 2.1.2 Invoicing agreement pertaining to Natixis’ affiliation to BPCE
20
annual_report
3854
951
Derivative contracts; Notes payable: Comprised of interest rate swaps that are valued based on models using inputs, such as interest rate yield curves, observable for substantially the full term of the contract.
32
10K
NatixisSA-AR_2018
1,218
Member of the Supervisory Board of: Seventure Partners (sincea 25/07/2016), Alliance Entreprendre SAS (since 29/06/2016)
15
annual_report
LloydsBankingGroupPLC-AR_2019
5,169
Other segment items reflected in income statement above: Increase in value of in-force business – – 825 – 825
19
annual_report
2897
1,532
The following table summarizes the credit quality, as determined by NAIC Designation, of the Company’s general account fixed maturity securities portfolio as of December 31:
25
10K
LloydsBankingGroupPLC-AR_2004
733
Mrs Weir is a member of a defined contribution scheme. She joined the Lloyds TSB Group on 26 April 2004. During the year to 31 December 2004, the employer has made contributions to the defined contribution scheme in respect of her totalling £26,224.
43
annual_report
AvivaPLC-AR_2005
1,991
Netherlands Permanent health and injury 3.21% 3.27% 7 years 10 years
11
annual_report
gb_prudential-AR_2006
6,043
Derivative financial instruments held to manage interest rate and currency profile: Inflation-linked swap – 67 – 82
17
annual_report
2779
716
The effects of applying SFAS No. 123 in this pro forma disclosure are not indicative of future amounts. Additional awards in future years are anticipated.
25
10K
NatixisSA-AR_2016
11,054
Parties under the Renewed Partnership. more broadly, organize and manage the relations between thea
14
annual_report
DirectLineInsuranceGroupPLC-AR_2015
855
• The internal controls and risk-management system, including the Group’s risk appetite statements
13
annual_report
StorebrandASA-AR_2004
171
Pensions will be reduced as life expectancy increases. The pension reform proposes limiting the total cost of the state pension scheme by introducing proportional adjustment for life expectancy, and this is key to making the pension system sustainable over the longer term. The proportional adjustment means that the ann...
72
annual_report
5060
360
Interest Rates: The continued low-interest rate environment is a challenge for life insurers as the spreads on deposit-type contracts narrow, especially as interest rates approach minimum crediting rates. Low market interest rates reduce the spreads between the amounts we credit to fixed annuity and individual life pol...
221
10K
ScorSE-AR_2012
6,480
Aside from these corporate communication methods, employees are kept informed about environmental protection through environmental certification procedures undertaken in various sites operated by Scor, for example leaflets and posters promoting the reasonable use of resources and raising the awareness of the
41
annual_report
5571
2,258
In addition to its impact on adjusted earnings, we estimated the effect of the Low Interest Rate Scenario on the mark-to-market of our derivative positions that do not qualify as accounting hedges. We applied the Low Interest Rate Scenario to these derivatives and compared the impact to that from interest rates in our ...
139
10K
1618
395
While the great majority of premium revenues and assets relate to the regions where particular offices are located, a portion of such amounts are derived from other regions of the world. In addition, two large international brokers accounted for non-AIG business equal to 15% and 14%, respectively, of consolidated reven...
57
10K
1739
501
CRITICAL ACCOUNTING POLICY The Company's most critical accounting policy is the determination of its loss and LAE reserves. The Company maintains reserves to cover its estimated ultimate liability for losses and LAE with respect to reported and unreported claims. Because reserves are estimates of ultimate losses and LA...
186
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012
767
2 The figure for 2011 is not adjusted for relief of 6.6 percentage points from economic risk transfer to the capital markets.
22
annual_report
4387
218
Rents - increased $18,560 or 4% from $506,732 in 2010 to $525,292 in 2011. The increase was mainly due to an increase in rental rates during the year.
28
10K
4959
3,011
In addition, as a result of our annual statutory cash flow testing of our long-term care insurance business in 2014, our New York insurance subsidiary recorded $39 million of additional statutory reserves in the fourth quarter of 2014 and will record an aggregate of $156 million of additional statutory reserves over th...
55
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2017
1,913
Other operating income mainly comprises income of €497m (527m) from services rendered, interest and similar income of €111m (70m), income of €29m (57m) from the release/reduction of miscellaneous provisions and provisions for bad and doubtful debts, and income of €30m (48m) from owner-occupied property, some of which i...
51
annual_report
3975
1,265
2007 prior period reserve development: The reinsurance segment's net favorable development of $172.7 million, or 13.9 points, consisted of $110.6 million from short-tailed lines and $62.1 million from medium-tailed and long-tailed business. The reinsurance segment's favorable development in short-tailed lines of $110.6...
93
10K
fr_axa-AR_2019
9,369
PricewaterhouseCoopers Audit, one of AXA SA’s Statutory Auditors, appointed as an independent third-party, presents in its report, featured in Section 7.5 , a reasoned opinion on the compliance of the extra-financial performance statement with the provisions of
37
annual_report
553
358
Health premiums decreased $16.8 million or 2% in 1996 as a result of increased volumes of business in the Reinsurance segment being more than offset by decreases in the Life Insurance and Annuities segment due to the withdrawal from the disability income business. Excluding the activity of its direct
49
10K
3788
1,258
As discussed in Note 1 to the consolidated financial statements, the Company adopted the provisions of Staff Accounting Bulletin No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements, as of January 1, 2006. Additionally, as discussed in Notes 1 ...
90
10K
3969
689
(2)In 2007, our principal U.K subsidiary agreed with the trustees of one of the U.K. plans to contribute £9.4 million ($15 million) per year to that pension plan for the next six years, with the amount payable increasing by approximately 5% on each April 1. The trustees of the plan have certain rights to request that o...
108
10K
4506
868
The following table provides the current and deferred components of the Company's income tax (expense) benefit, excluding taxes on discontinued operations.
21
10K
PhoenixGroupHoldingsPLC-AR_2011
2,622
Solvency II aims to establish a set of EU-wide capital requirements and risk management standards that will replace the current Solvency I requirements
23
annual_report
5111
1,069
We periodically repurchase our Class A common stock under plans approved by our Board of Directors. These repurchase plans authorize us to make repurchases in the open market or through privately negotiated transactions, with the timing and terms of the purchases to be determined by management based on market condition...
177
10K
4051
3,190
The following table presents AIG's General Insurance operations by operating segment:
11
10K
4949
643
The Company has not experienced significant losses related to premiums receivable from its policyholders and management believes that amounts provided as an allowance for credit losses is adequate.
28
10K
2800
885
In December of 2003, the American Institute of Certified Public Accountants ("AICPA") issued Statement of Position 03-3, Accounting for Certain Loans or Debt Securities Acquired in a Transfer ("SOP 03-3"). SOP 03-3 addresses revenue recognition and impairment assessments for certain loans and debt securities that were ...
192
10K
4940
467
New insurance written and cancellations of primary insurance in force during the years ended December 31, 2014, 2013 and 2012 were as follows:
23
10K
519
252
Workers' compensation 1996 revenues of $107.7 million increased by $11.1 million or 11.5% over 1995 and 1995 revenues increased by $29.3 million or 43.5% over 1994. The addition of new customers increased revenues by $3.9 million and $4.6 million in 1996 and 1995, respectively. Revenues from existing customers increase...
94
10K
NatwestGroupPLC-AR_2012
5,809
National Westminster Bank Plc Non-cumulative preference shares of £1 Series A £140 million 9% (not callable) Tier 1 145 145 144
21
annual_report
4841
1,692
The aggregated summarized financial data presented below reflects the latest available financial information and is as of, and for, the years ended December 31, 2013, 2012 and 2011. Aggregate total assets of these entities totaled $217.3 billion and $178.3 billion at December 31, 2013 and 2012, respectively. Aggregate ...
122
10K
4604
2,180
Variable Annuities At December 31, 2012, the aggregate guaranteed minimum death benefit value (assuming every variable annuity policyholder died on that date) on AFG’s variable annuity policies exceeded the fair value of the underlying variable annuities by $40 million, compared to $63 million at December 31, 2011. Dea...
70
10K
gb_prudential-AR_2012
1,451
Risk oversight Risk control and oversight constitutes the second line of defence, and is achieved through the operation of a number of Group-level risk committees, chaired by either the Chief Financial Offi cer or the Group Chief Risk Offi cer, which monitor and keep risk exposures under regular review. These committee...
220
annual_report
HannoverRueckSE-AR_2014
2,932
Availability of loss carry-forwards that have not been capitalised: Expiry of non-capitalised loss carry-forwards and temporary differences N 81 in EUR thousand One to five years Six to ten years More than ten years
34
annual_report
3500
1,445
for financial guaranty insurance as well as increases in the requirements for conducting, or restrictions on the types of business conducted by, financial guaranty insurers.
25
10K
841
557
Under the terms of the revolving line of credit, principal payments commenced during 1997 with $68,750 paid during the year and $468,750 due per quarter, through June 30, 2001.
29
10K
StandardLifeAberdeenPLC-AR_2010
200
The Retail Distribution Review (RDR) is designed to increase transparency in retail financial services and to raise professional standards. The RDR is due to be implemented by the end of 2012. The review has significant implications for those providing retail financial advice and involves new qualification standards fo...
71
annual_report
4778
1,025
We have audited the accompanying Consolidated Balance Sheets of Fidelity National Financial, Inc. and subsidiaries as of December 31, 2013 and 2012, and the related Consolidated Statements of Earnings, Comprehensive Earnings, Equity and Cash Flows for each of the years in the three-year period ended December 31, 2013. ...
75
10K
NatixisSA-AR_2012
915
2012 Key event Winn (Women in Natixis’ network), which was created in March 2012, has a two-fold objective: R the promotion of gender equality within Natixis’ management; R the co-ordination of the network of women executives.
36
annual_report
fr_axa-AR_2007
7,848
August 1987 — march 1995 First Deputy Superintendent of insurance of the New york insurance Department january 1990 — june 1990 Acting Superintendent of insurance of the New york insurance Department may 1995 Joined The Equitable, predecessor to AXA Equitable as Vice President & Associate general counsel
47
annual_report
2249
699
Consolidated Statements of Changes in Shareholders’ Equity for the years ended
11
10K
2611
919
For 2004, 2003 and 2002, net investment income passed through to participating pension contractholders as interest credited to policyholders' account balances amounted to $170.5 million, $161.7 million and $168.3 million, respectively.
31
10K
5947
1,364
Our total unrecognized tax benefits decreased by $17.0 million from December 31, 2019 to December 31, 2020, primarily due to the lapses of the statute of limitations relating to the 2015 and 2016 tax years offset by the increase of unrecognized tax benefits associated with our recognition of certain premium income in p...
136
10K
3169
965
The 2006, 2005 and 2004 amounts reported as net realized investment gains included other-than-temporary impairments of $.4 million, $1.2 million and $.3 million, respectively. Refer to “Critical Accounting Policies” in this section for a presentation of our impairment policy.
39
10K
AdmiralGroupPLC-AR_2006
657
The application of IFRS 7 and the proposed amendment to IAS 1 in the current year would not have affected the balance sheet or the income statement as the standards are concerned only with disclosure. The Group plans to adopt these in 2007.
43
annual_report
LloydsBankingGroupPLC-AR_2020
728
Other A number of other regulatory initiatives are underway which seek to address, amongst other things; operational resilience, climate change, general insurance pricing, onshoring EU regulations, strong customer authentication, culture and fraud. The Group also continues to respond to regulatory initiatives in respec...
47
annual_report
5444
732
Consulting expense in 2017 increased 5% compared with 2016, reflecting an increase of 3% on an underlying basis and a 3% increase from the impact of acquisitions. The increase in underlying expense reflects higher base salaries, asset based fees and outside service costs, partly offset by lower severance costs and lowe...
59
10K
de_allianz-AR_2006
2,498
A summary of the number and theweighted-average grant date fair value of the nonvested share units are as follows: Number Weighted average grant date fair value €
27
annual_report
4867
967
On January 2, 2013, we acquired The Hartford’s individual life insurance business through a reinsurance transaction. Under the agreement, the Company paid The Hartford cash consideration of $615 million, primarily in the form of a ceding commission to provide reinsurance for approximately 700,000 life insurance policie...
86
10K
5731
1,858
The use of NAV as an estimate of the fair value for investments in certain entities that calculate NAV is a permitted practical expedient. Due to the time lag in the NAV reported by certain fund managers we adjust the valuation for capital calls and distributions. Other investments measured at fair value using NAV as a...
93
10K
1337
540
The $17.3 million decrease in income taxes recoverable from December 31, 1998 to December 31, 1999 is the result of the collection of taxes due from tax agencies.
28
10K
2325
1,000
Ultimate liability may be greater or lower than current reserves. Reserves are monitored by the Company using new information on reported claims and a variety of statistical techniques. The Company does not discount to present value that portion of its claim reserves expected to be paid in future periods. Beginning in ...
108
10K
ScorSE-AR_2013
6,985
7 STATUTORY AUDITORS’ REPORT ON THE REVIEW OF SCOR SE SELECTED ENVIRONMENTAL AND SOCIAL INDICATORS
15
annual_report
gb_lloyds_banking_grp-AR_2011
4,332
The table below shows the resulting range of yields and other key assumptions at 31 December for UK business: Risk‑free rate (value of in‑force non‑annuity business) 2.48 3.99
28
annual_report
NatwestGroupPLC-AR_2015
3,575
(4) Corresponding shareholders’ equity was £53.4 billion. Refer to capital resources table on page 155 for further details. (5) Regulatory amounts reported for Additional Tier 1, Tier 1 and Tier 2 instruments are before grandfathering restrictions imposed by CRR.
39
annual_report
3697
440
The amortized cost and estimated fair value of lottery prize cash flows, by contractual maturity, at December 31, 2008 is shown below:
22
10K
PhoenixGroupHoldingsPLC-AR_2014
1,061
1 In addition to the shares awarded under the LTIP, participants receive an additional number of shares (based on the number of LTIP awards which actually vest) to reflect the dividends paid during the vesting period (and which for awards made from 2015, will include dividends paid during any applicable holding period)...
52
annual_report
DirectLineInsuranceGroupPLC-AR_2018
1,017
Paul Geddes chairs the Executive Committee. In addition to Paul Geddes, Mike Holliday-Williams and Penny James, the Committee comprises the following: Joined
22
annual_report
NNGroupNV-AR_2013
1,199
Effect of reinsurance on premiums written Non-Life Life Total 2013 2012 2011 2013 2012 2011 2013 2012 2011 Direct gross premiums written 1,656 1,709 1,672 7,842 8,973 9,592 9,498 10,682 11,264 Reinsurance assumed gross premiums written
36
annual_report
StorebrandASA-AR_2017
307
Storebrand indicator: Percentage of investments in sustainable solutions or green bonds
11
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2009
1,775
B // Subordinated liabilities subordinated liabilities are liabilities which, in the event of liquidation or insolvency, are only satisfied after the claims of other creditors. they are measured at amortised cost in accordance with the effective interest method.
38
annual_report
HelvetiaHoldingAG-AR_2017
3,044
Subordinate bond EUR 500 million 3.375 % until 2027, subsequently variable 1 Proposal to the Shareholders’ Meeting 2 Based on underlying earnings 3 Based on the IFRS result
28
annual_report
SwissLifeHoldingAG-AR_2015
2,887
BALANCE AS AT END OF PERIOD – – 124 113 570 427 693 540
14
annual_report
4513
1,455
Fees for variable annuity and variable life products include mortality and expense charges, policy administration charges and surrender charges. These fees are charged to policyholders’ accounts based upon the daily net assets of the policyholders’ account values, and are recognized in policy fees, contract charges, an...
55
10K
4954
1,808
When the collectibility of interest income for fixed maturities is considered doubtful, any accrued but uncollectible interest is deducted from investment income in the current period. The Company then places the securities on nonaccrual status, and they are not restored to accrual status until all delinquent interest ...
51
10K