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
HelvetiaHoldingAG-AR_2017
785
Higher non-technical costs due to loss of positive special effects included in the previous year
15
annual_report
5055
893
We lease equipment and office space under noncancelable operating leases. Future minimum lease payments at December 31, 2015, were as follows:
21
10K
4413
1,059
less a 'haircut' that varies based on the type of collateral. The Company can deliver the collateralized securities to a special purpose vehicle created by FRBNY in full defeasance of the borrowing. The Company elected to carry the securities and related borrowings at fair value under the fair value option afforded by ...
135
10K
StorebrandASA-AR_2018
524
Absence due to illness has been low and stable for several years. The level was 3 per cent in 2018. Absence due to illness in the Norwegian organisation was 2.7 per cent, while it was 3.3 per cent in the Swedish organisation.
42
annual_report
5218
943
For each of our equity securities in an unrealized loss position at December 31, 2016, we applied the objective quantitative and qualitative criteria of our invested asset impairment policy for OTTI. Based on the individual qualitative and quantitative factors, as discussed above, we evaluate and determine an expected ...
139
10K
PosteItalianeSpA-AR_2018
804
A particularly significant contributions came from the Financial Services Strategic Business Unit, where EBIT is up 33% from €646 million in 2017 to €859 million in 2018, and from the Payments, Mobile and Digital Strategic Business Unit, where EBIT is up 5% from €194 million in 2017 to €204 million in 2018.
52
annual_report
SwissLifeHoldingAG-AR_2005
135
Germany The growth trend in the German life insurance market continued in 2005 as well. Indeed, the premium growth of 7% was unexpectedly high.
24
annual_report
gb_prudential-AR_2003
1,300
(i) At 31 December 2003, the ¤500m 5.75% borrowings had been swapped into borrowings of £333m with interest payable at 6 month £Libor plus 0.962%.
25
annual_report
1653
563
- Maintain a principal office and appoint and maintain a Principal Representative in Bermuda; and
15
10K
gb_prudential-AR_2011
2,028
Dilution Releases from Prudential’s GPSP and BUPP are satisfied using new issue shares rather than by purchasing shares in the open market. Shares relating to options granted under all-employee share plans are also satisfied by new issue shares. The combined dilution from all outstanding shares and options at 31 Decemb...
79
annual_report
4911
700
• changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains and losses;
18
10K
4531
1,212
Cash flows from investing activities primarily consist of net investment purchases or sales and net purchases of property and equipment, including capitalized software. Investing activities for 2012 consisted primarily of the
31
10K
5523
446
For the years ended December 31, 2018 and 2017, current income tax expense was $100,075 and $105,696, respectively. Deferred federal income tax expense was $1,362,046 and $1,267,823 for the years ended December 31, 2018 and 2017, respectively.
37
10K
3310
536
Pre-tax earnings of the other manufacturing businesses were $2,037 million in 2007, an increase of $281 million (16%) over 2006. The increases were primarily due to full-year inclusion in 2007 of IMC and increased earnings of CTB, partially offset by a 22% decline in earnings of the building products businesses. Revenu...
100
10K
4297
615
Deferred Sales Inducements. Costs related to sales inducements offered on sales to new customers, principally on investment type contracts and primarily in the form of additional credits to the customer’s account value or enhancements to interest credited for a specified period, which are beyond amounts currently being...
128
10K
4777
1,926
30. FINANCIAL INFORMATION FOR PARENT GUARANTOR, OTHER GUARANTOR SUBSIDIARIES AND NON-GUARANTOR SUBSIDIARIES (Continued)
13
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2019
157
After in-depth deliberations by the Board of Management, the Audit Committee prepares the annual discussion of the risk strategy by the Supervisory Board, and discusses any changes or deviations from the risk strategy with the Board of Management during the year.
41
annual_report
ScorSE-AR_2010
213
As stated before, SCOR’s reserves and policy pricing are based on a number of assumptions and on information provided by third parties, which, if incorrect and/or incomplete, could have an adverse effect on SCOR’s results of
36
annual_report
INGGroepNV-AR_2019
3,635
Common Reporting Standard (‘CRS’) and model competent authority agreement to enable the multilateral and automatic exchange of financial account information. CRS requires financial institutions to identify and report the tax residency and account details of non-resident customers to the relevant authorities in CRS-comp...
88
annual_report
5941
776
The Company’s property and casualty insurance operations comprise one business segment. The property and casualty insurance segment primarily underwrites home insurance coverage with primary lines of business consisting of dwelling fire and extended coverage, homeowners (including mobile homeowners) and other liability...
41
10K
3746
710
Specialty liability losses in 2001 to 2003, particularly for construction liability business, resulted in diminished capacity in the market in which we compete, as many former competitors who lacked the expertise to selectively underwrite this business were forced to withdraw from the market resulting in approximate pr...
160
10K
5822
1,094
To determine the fair value of its investments, the Company utilizes third-party valuation service providers to gather, analyze and interpret market information and derive fair values based upon relevant methodologies and assumptions for individual instruments.
35
10K
500
358
Securities with a market value of approximately $924 million at December 31, 1996 were on deposit with various state or governmental departments to comply with insurance laws.
27
10K
NatwestGroupPLC-AR_2014
5,931
Model Risk also reassesses the appropriateness of approved risk models on a periodic basis according to the approved Periodic Review Policy.
21
annual_report
3663
874
The following table presents unaudited pro forma financial information incorporating the historical (pre-acquisition) financial results of USAgencies (in thousands, except per share amounts). This information has been prepared as if the acquisition of USAgencies had been completed on January 1, 2006 as opposed to the a...
104
10K
RaiffeisenBankInternationalAG-AR_2015
2,732
The gross revenues from sponsored entities for the year ending December 31, 2015 amounted to € 21,923 thousand.
18
annual_report
767
414
Premiums ceded by PXRE to its managed business participants decreased 22.1% to $16,534,000 for 1997 compared with $21,238,000 for the corresponding period of 1996. The decrease in premiums ceded to these programs was due to reduced amounts of premiums written by PXRE and a change in the percentage ceded as agreed with ...
115
10K
2272
1,119
Fair values of commercial mortgage loans are determined by discounting the expected total cash flows using market rates that are applicable to the yield, credit quality and maturity of each loan. Fair values of residential mortgage loans are determined by a pricing and servicing model using market rates that are applic...
64
10K
ASRNederlandNV-AR_2009
1,617
The table below shows the composition of the other assets: deferred investment and interest income 503 504 435
18
annual_report
AvivaPLC-AR_2017
1,974
• Relevant pay data including market practice among relevant FTSE listed companies of comparable size to
16
annual_report
TrygAS-AR_2011
29
At the beginning of 2011, the Supervisory Board and the Executive Management set a target of achieving a medium-term return on equity of 20%, corresponding to a combined ratio of 90. The target underlines the Supervisory Board’s focus on profitability, ahead of growth, as the fundamental strategy for the coming years. ...
70
annual_report
3712
627
The increase in premium income for 2008 relative to the prior year is due to sales growth in our supplemental and voluntary product lines, the impact of premium rate increases implemented for individual long-term care, and overall stable persistency. Net investment income increased relative to the prior year primarily ...
61
10K
fr_axa-AR_2016
2,941
Re and was also appointed Deputy Chief Executive Offi cer of Swiss
12
annual_report
AegonNV-AR_2004
3,100
The objective of Vereniging AEGON is the balanced representation of the interests of AEGON N.V. and all of its stakeholders, including shareholders, AEGON group companies, insured parties, employees and other relations of the companies.
34
annual_report
5271
480
Throughout 2016, we continued the efforts that began in 2015 to improve the competitiveness and profitability of our personal lines products. These efforts were focused on technology, pricing/rates and claims.
30
10K
4029
1,349
Property and equipment are stated at cost less accumulated depreciation. The Company provides for depreciation of property and equipment using the straight-line method over the estimated useful lives with a half-year convention. The estimated useful lives are generally 40 years for properties and range from three to te...
86
10K
gb_lloyds_banking_grp-AR_2018
305
Digital Champions are colleagues who pledge to improve the digital skills and financial capability of at least two individuals or organisations each year. Thousands of colleagues have already signed up. Digital Champions are one way we are committed to Help Britain Prosper.
42
annual_report
INGGroepNV-AR_2016
1,840
Bearing in mind international scope, complexity, revenue, assets and market capitalisation, the companies in the Euro Stoxx 50 index are the appropriate peer group for ING. The index comprises 50 companies, including ING, in a range of financial and non-financial industries from 12 countries within the Eurozone, mainly...
98
annual_report
TrygAS-AR_2010
1,240
In our opinion, the accounting policies applied are appropriate, and the annual report gives a true and fair view of the Group’s
22
annual_report
3218
804
Pursuant to the terms of a May 2003 stock option granted to one of our executive officers, upon a change in control, the officer immediately becomes vested in 50% of the remaining unvested shares subject to the option. If the officer is terminated without cause following the change in control, he becomes vested in any ...
56
10K
gb_prudential-AR_2017
4,831
Arising on acquisitions of subsidiaries* – 178 178 – – –
11
annual_report
fr_axa-AR_2007
6,164
Executive officers and other key employees may be granted options to purchase ordinary AXA shares under employee stock option plans. While the precise terms and conditions of each option grant may vary, options are currently (i) granted at a price not less than the average closing price of the ordinary share on the Par...
97
annual_report
RaiffeisenBankInternationalAG-AR_2020
4,361
The sensitivity analysis involved a recalculation of the impairments for expected credit losses in the existing models. In cases in which the post-model adjustments were significant, the results of the recalculations were adjusted correspondingly in order to take account of that fact. As a result of the complexity of t...
57
annual_report
PowszechnyZakladUbezpieczenSA-AR_2020
2,220
In accordance with the prospectus, Alior Bank may conduct public offerings of unsubordinated or subordinated bonds constituting Tier II equity instruments.
21
annual_report
23
1,231
Federal legislation required all states to adopt certain standardized benefit provisions for the sale of Medicare supplement policies. The Company has introduced new Medicare supplement plans in response to this legislation. In addition, in 1991, the National Association of Insurance Commissioners adopted the Small Emp...
76
10K
StandardLifeAberdeenPLC-AR_2018
3,072
Following a High Court ruling against a third party’s pension scheme, that requires that scheme to address the inequalities in the statutory benefits paid to men and women, an allowance for assumed equalisation has been introduced for our principal defined benefit plan at 31 December 2018. The estimated impact is recog...
60
annual_report
5958
4,564
Total fixed income securities $ 56,293 $ 2,847 $ (96) $ 59,044
12
10K
StandardLifeAberdeenPLC-AR_2016
3,403
Liabilities in respect of third party interest in consolidated funds £m £m £m £m £m £m £m £m £m £m £m £m
22
annual_report
RaiffeisenBankInternationalAG-AR_2012
949
Total Group equity Non-controlling interests € 000 2012 2011 2012 2011 2012 2011 hereof unrealized net gains (losses) of the period 167,401 (349,606) 150,303 (302,230) 17,097 (47,376)
27
annual_report
2134
1,231
not used to fund operations. Our primary use of cash is to pay medical claims. Any excess cash has historically
20
10K
3263
795
Gross margins, calculated as segment revenue less segment direct expense, in the PBM segment are generally predictable based on client contract terms and vendor/supplier contracts. Other factors that can result in changes in gross margins include generic substitution rates, changes in the utilization of preferred drugs...
120
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006
1,277
This enables us to steer our investments better and more effectively, because reports are prepared more quickly and conform to uniform standards Group-wide. It also makes it easier for us to satisfy the growing demands of investors, rating agencies, analysts and supervisory authorities, who expect comprehensive reporti...
55
annual_report
PhoenixGroupHoldingsPLC-AR_2018
3,188
Where policyholders have valuable guarantees, options or promises in respect of the with-profit business, these costs are generally valued using a stochastic model. In calculating the realistic liabilities, account is taken of the future management actions consistent with those set out in the Principles and Practices o...
384
annual_report
2006
509
Cemetery revenues increased approximately $1.2 million, or 18.3%, in the year ended December 31, 2001 compared to 2000. The increase was largely attributable to more effective marketing and increased sales of certain cemetery and memorialization products and services. The increase also was due to the positive effect of...
64
10K
2648
3,554
Investment securities are regularly reviewed for impairment. Unrealized losses that are deemed to be other than temporary are recognized in realized gains (losses). See Note B for further discussion of the Company’s policies regarding identification of other-than-temporary impairments. Realized gains and losses on sale...
56
10K
gb_prudential-AR_2007
2,103
— With-profits business Shareholder results of UK with-profits business are sensitive to market risk only through the indirect effect of investment performance on declared policyholder bonuses.
26
annual_report
4917
10,175
(1)Defined as the estimated current guaranteed minimum death benefit in excess of the current account balance as of the balance sheet date. (2)Defined as the estimated present value of the guaranteed minimum annuity payments in excess of the current account balance.
41
10K
2335
952
Liquidity refers to the ability of an enterprise to generate adequate amounts of cash from its normal operations to meet cash requirements with a prudent margin of safety. The consolidated statements of cash flows on page 95 indicate that operating activities provided cash of $1.0 billion, $0.3 billion and $1.3 billion...
91
10K
4533
1,238
borrowings in Japanese yen or the equivalent of Japanese yen in U.S. dollars on a revolving basis. Borrowings will bear interest at LIBOR plus the applicable margin of 1.025%. In addition, the Parent Company and Aflac are required to pay a facility fee of .10% on the commitments. As of December 31, 2012, no borrowings ...
180
10K
fr_axa-AR_2008
5,761
Information on options granted after November 7, 2002 is shown in the table below: post november 7, 2002 aXa sa stocK option plans
23
annual_report
fr_axa-AR_2011
7,845
The fair value of other debt instruments issued and bank overdrafts (other than fi nancing debt) was €6,289 million as of December 31, 2011. Among the elements included in the preceding table, fair value is only calculated for other debt instruments issued.
42
annual_report
4652
3,331
The tax benefit realized upon vesting of restricted stock units and performance shares for the years ended December 31, 2012, 2011 and 2010 was $69 million, $26 million and $18 million, respectively.
32
10K
689
107
Commission revenues increased by $7.8 million or 3% in 1997. This increase is the result of new business production partially offset by lost business. Commission revenues increased by $4.4 million or 2% in 1996. This increase is the result of new business partially offset by lost business and modest renewal rate decrea...
52
10K
3536
1,065
Net cash used by investing activities totaled $183.3 million, $292.4 million and $414.7 million for the years ended December 31, 2007, 2006 and 2005, respectively. Cash was primarily used to acquire fixed maturity and equity investments, offset by cash received from sales, calls and maturities of fixed maturity securit...
126
10K
AvivaPLC-AR_2010
3,488
Financial exposures by credit ratings Financial assets are graded according to current external credit ratings issued. AAA is the highest possible rating. Investment grade financial assets are classified within the range of AAA to BBB ratings. Financial assets which fall outside this range are classified as speculative...
80
annual_report
5271
657
The following table sets forth our significant contractual obligations at December 31, 2016:
13
10K
5056
2,111
AFG recorded net investment income on investments held outside of its insurance operations of $3 million in the fourth quarter of 2015 compared to $2 million in the fourth quarter of 2014.
32
10K
3426
1,213
In addition to the reinsurance described above, we also purchased fully-collateralized reinsurance-like coverage for losses sustained from qualifying hurricane and earthquake event loss events as of December 31, 2005. We acquired this protection from Champlain, a Cayman Islands special purpose vehicle, which financed t...
143
10K
4131
984
Risks and uncertainties are inherent in our other-than-temporary decline in value assessment methodology. Risks and uncertainties include, but are not limited to, incorrect or overly optimistic assumptions about financial condition or liquidity, incorrect or overly optimistic assumptions about future prospects, inadequ...
58
10K
4547
949
The amortized cost and estimated fair value of securities available-for-sale as of December 31, 2012 and 2011 are as follows. All securities are classified as available-for-sale and are carried at fair value.
32
10K
AdmiralGroupPLC-AR_2018
2,133
The segment assets and liabilities at 31 December 2017 are as follows: As at 31 December 2017
17
annual_report
4133
1,751
During the year ended December 31, 2008, our Bermuda, U.S. and Switzerland reinsurance operations wrote gross premiums written of $322.1 million, $107.7 and $0.3 million, respectively. Our Swiss office commenced operations in December 2008. The gross premiums written by our U.S. reinsurance operations, which commenced ...
62
10K
5643
1,795
Our OPEB plan represents a non-vested, non-guaranteed obligation, and current regulations do not require specific funding levels for these benefits, which are comprised of retiree life, medical, and dental benefits. It is our practice to use general assets to pay medical and dental claims as they come due in lieu of ut...
65
10K
INGGroepNV-AR_2020
5,277
(excluding trading) include fair value adjustments on own issued notes amounting to EUR -1 million
15
annual_report
754
836
Balance Sheet Data at year end: Total assets $7,710.3 $7,024.1 $6,611.0 $5,089.9 $4,913.8 Notes payable 135.8 114.9 167.7 183.3 225.9
20
10K
RaiffeisenBankInternationalAG-AR_2018
1,808
Additions from financial assets - fair value through other comprehensive income – 10,790 0 – 859 (859)
17
annual_report
4884
662
Long-term interest rates decreased in 2014 and increased in 2013, contributing to a favorable change in our freestanding derivatives and an unfavorable change in our direct and assumed variable annuity embedded derivatives. For example, the 30-year U.S. swap rate decreased by 31% in 2014 and increased by 40% in 2013.
50
10K
5090
396
The increase in policy fees is directly related to the increase in gross written premiums over the prior year. Additionally, the change in commission increase is related to continued growth in our book of business as well as entering into a commission sharing agreement with our reinsurance intermediary.
48
10K
INGGroepNV-AR_2009
4,100
POSt-EMPlOyMENt BENEFIt PlANS Formal or informal arrangements under which a company provides post-employment benefits for one or more employees. Postemployment benefits are employee benefits other than termination benefits and equity compensation benefits, which are payable after the completion of employment.
40
annual_report
4293
3,214
During 2010, the Company committed to invest up to $2,000,000 in Llano Music, LLC, which invests in music royalties. Llano does capital calls as funds are needed to acquire the royalty rights. At December 31, 2010, the Company has $1,821,000 committed that has not been requested by Llano.
48
10K
SwissLifeHoldingAG-AR_2015
1,900
TOTAL INTEREST-SENSITIVE INSURANCE LIABILITIES 65 995 25 602 89 91 686
11
annual_report
5467
986
The Company received reinsurance recoveries of $1.6 million in 2017, $0.5 million in 2016 and $ 1.0 million in 2015.
20
10K
StorebrandASA-AR_2006
312
Competence development Storebrand is a competence-based company, and its employees, their skills and expertise and their job satisfaction play a central role in achieving the group’s business objectives. The group carried out a systematic program of staff development in 2006, and further strengthened its focus on compe...
48
annual_report
2690
611
Comprehensive income includes the Company’s net income plus the changes in the unrealized gains or losses (net of income taxes) on the Company’s available-for-sale securities. The details of the comprehensive income are reported in the Consolidated Statements of Shareholders’ Equity.
40
10K
3428
446
original premium based on any unexhausted aggregate limit by layer), which would have provided coverage for losses discovered beyond 2007 on bonds that were in force during 2007. The contract also includes a provision for additional premiums based on losses ceded under the contract. The primary difference between the 2...
129
10K
gb_prudential-AR_2014
483
The business proved resilient despite unprecedented regulatory change in 2014, delivering a stable, robust financial performance while favourable brand recognition, diversified distribution and a market leading with-profits proposition positions us strongly to help customers save with confidence to secure a dependable ...
43
annual_report
2176
5,979
Options to purchase 8.7 million, 9.0 million, and 9.2 million Allstate common shares, with exercise prices ranging from $36.99 to $50.72, $37.06 to $50.72, and $37.91 to $50.72, were outstanding at December 31, 2003, 2002, and 2001, respectively, but were not included in the computation of diluted earnings per share si...
77
10K
gb_prudential-AR_2019
3,429
D Other information D1 Gain (loss) on disposal of business and corporate transactions
13
annual_report
AegonNV-AR_2019
7,949
Independent auditor’s report To: the Annual General Meeting of Shareholders and the Supervisory Board of Aegon N.V.
17
annual_report
3448
1,663
The probability that ultimate losses will fall outside of the range of estimates by class of business is higher for each class of business individually than it is for the sum of the estimates for all classes taken together due to the effects of diversification. While White Mountains Re has not determined the statistica...
127
10K
2524
1,118
The activity in the allowance for doubtful accounts for the year ended December 31, 2004 and for the period from June 19, 2003 (inception) through December 31, 2003 is as follows (in thousands):
33
10K
2810
811
Net investment income 5,801 9,773 14,316 68.5 46.5 Net realized gains 3,140 208 (54) (93.4) (125.9) Real estate income 57,555 67,967 3,000 18.1 (95.6) Other income 161 318 76 97.5 (76.1) Total Revenues $175,991 $214,657 $155,874 22.0% (27.4)% ======== ======== ======== ===== =======
43
10K
TopdanmarkAS-AR_2015
1,016
IFRS 15 applies to all agreements with customers who are not covered by other standards (for example, financial contracts or insurance contracts).
22
annual_report
StorebrandASA-AR_2018
1,539
14-3. Life insurance Sweden Life insurance liabilities The life insurance liabilities are estimated as the present value of the expected future guaranteed payments, administrative expenses and taxes, discounted by the current risk-free interest rate. Insurance reserves with guaranteed interest rates in SPP use a modell...
110
annual_report
SwissReAG-AR_2015
2,208
Other-than-temporary impairment, net of tax Balance as of 1 January –6 –3 changes during the period 3 –8 Balance as of period end –3 –11
25
annual_report
ScorSE-AR_2014
3,814
POLITICAL RISK All political or administrative events, actions or decisions that could lead to losses for companies contracting or investing abroad.
21
annual_report
fr_axa-AR_2013
5,954
Other assets held by consolidated investment funds designated as at fair value through profi t or loss 1,212 4,576 1,116 6,904 1,522 2,327 903 4,752
25
annual_report
nl_ing_grp-AR_2012
720
2020 ambitions for a low carbon economy. One of these projects was the financing of one of the largest onshore wind parks in Italy, ERG Eolica Fossa del Lupo. ING acted as MLA and Documentation Bank for the EUR 126 million transaction, which required a flexible and innovative financing structure. ING was able to provid...
114
annual_report
fr_axa-AR_2004
608
Underlying and adjusted earnings were nearly flat at €-11 million. Due to a favorable change in fair value of derivatives (€+26 million), net income was up €+24 million to €15 million.
31
annual_report
4662
751
We have ongoing due diligence processes with respect to funds in which we invest and their managers. These processes are designed to assist us in assessing the quality of information provided by, or on behalf of, each fund and in determining whether such information continues to be reliable or whether further review is...
181
10K