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
HiscoxLtd-AR_2020
799
I trust that the information set out in this report will give you a strong understanding of our corporate governance arrangements and assurance that Hiscox continues to be focused on the importance of maintaining a robust corporate governance framework.
39
annual_report
1765
524
does not have significant concentrations of reinsurance with any one reinsurer that could have a material impact on its results of operations.
22
10K
AegonNV-AR_2011
4,619
2 Of impairment charges on non-financial assets and receivables EUR 75 million is excluded from underlying earnings before tax for segment reporting (refer to note 5) (2010 EUR 169 million and 2009: nil)
33
annual_report
fr_axa-AR_2007
4,228
Impairment — non controlled investment funds 118 5 (42) — (3) 77
12
annual_report
fr_axa-AR_2019
3,893
“(re)insurance”, “Property & Casualty” and “Life & Savings” in this section also refer to “Health” activities as appropriate.
18
annual_report
2425
1,180
Also on April 1, 2004, the Company could begin to use this detailed information to compare SPC’s assumptions, judgments and actuarial methods that were underlying the acquired reserves with its own assumptions, judgments and actuarial methods. Similarities and differences were found to exist. Similarities included, but...
115
10K
2830
691
On October 28, 2005, our Board of Directors authorized the repurchase of an additional $20 million of our outstanding Common Stock. Under this program, we may make share purchases from time to time in the open market depending on share price, market conditions and other factors. Bear, Stearns & Co. Inc. administers thi...
80
10K
LloydsBankingGroupPLC-AR_2003
188
Lloyds TSB Group operates in a marketplace which is continually changing. No organisation can successfully manage change without the support and commitment of its staff. The pace and scope of change will not diminish as competition in the financial services market continues to increase. Lloyds TSB Group recognises that...
122
annual_report
2067
639
AIG calculated the VaR with respect to the net fair value of ILFC using the historical simulation methodology, as previously described. As of December 31, 2002 and December 31, 2001, the VaR with respect to the net fair value of ILFC was approximately $20 million and $10 million, respectively.
49
10K
StandardLifeAberdeenPLC-AR_2016
3,926
Operating return on equity Operating return on equity is a measure that highlights our ability to generate operating profit relative to our shareholder capital. Operating return on equity represents the annualised post-tax operating profit expressed as a percentage of the opening IFRS equity, adjusted for time apportio...
52
annual_report
PosteItalianeSpA-AR_2016
5,207
Financial assets attributable to BancoPosta 35,280 2,147 27 37,454 30,648 2,166 111 32,925
13
annual_report
2117
664
Property and equipment, at cost, consists of the following at December 31:
12
10K
de_allianz-AR_2005
494
In a year that saw a large number of global catastrophes and one of the worst hurricane seasons on record, the insurance and reinsurance markets as a whole incurred multi-billion Euros in damages.
33
annual_report
GjensidigeForsikringASA-AR_2014
645
Andersen is up for election to the Board in 2015. Andersen holds 1,805 shares in Gjensidige Forsikring ASA, including any shares held by closely related parties (last change 16 October 2014).
31
annual_report
DirectLineInsuranceGroupPLC-AR_2018
438
Operating activities before investment of insurance assets generated a cash inflow of £4.2 million (2017: £204.0 million generated). The decrease primarily reflected a reduction in insurance liabilities and trade payables partially offset by a reduction in insurance and other receivables.
40
annual_report
2983
848
In the case of S&P, assessments of the credits insured by FSA are reflected in defined “capital charges,” which are reduced by reinsurance and collateral to the extent “credit” is allowed for such reinsurance and collateral. Credit provided for reinsurance under the S&P capital adequacy model is generally a function of...
82
10K
443
918
All fixed maturity securities (bonds) and equity securities (common and preferred stock) are classified as available-for-sale and, accordingly, are carried at fair value. The cost of fixed maturity securities is adjusted for amortization of premium or discount through charges or credits to net investment income. Change...
90
10K
1969
1,093
In December 2002, the FASB issued SFAS No. 148, Accounting for Stock-Based Compensation -- Transition and Disclosure ("SFAS 148"), which provides guidance on how to transition from the intrinsic value method of accounting for stock-based employee compensation under APB 25 to the fair value method of accounting from SFA...
159
10K
HelvetiaHoldingAG-AR_2012
246
Chiara Vita Milan 1 Helvetia Holding AG, listed on the SIX Swiss Exchange 2 Direct subsidiaries of Helvetia Holding AG 3 Indirect subsidiaries of Helvetia Holding AG 4 Operational facilities of Helvetia Versicherungen, St Gallen
35
annual_report
3926
1,110
Establishing the liabilities for IBNR, associated with health benefits expenses incurred during a year, related to that current year, at a level sufficient to cover obligations under an assumption of moderately adverse conditions will cause incurred health benefits expenses for that current year to be higher than if IB...
82
10K
2804
945
Changes in Accumulated other comprehensive income related to changes in net unrealized capital gains and losses on securities, including securities pledged and excluding those related to experience-rated contracts, were as follows for the years ended December 31, 2005, 2004, and 2003.
41
10K
4896
1,013
performance target in the recognition of compensation expense once the achievement of the performance target is probable. Torchmark has a limited number of such awards, but currently accounts for these items consistent with the new guidance. Therefore, no material impact is expected from adoption.
44
10K
SwissReAG-AR_2016
3,177
Assets and liabilities not measured at fair value but for which the fair value is disclosed Assets and liabilities not measured at fair value but for which the fair value is disclosed as of 31 December, were as follows: Policy loans, other loans and certain mortgage loans are classified as level 3 measurements, as they...
154
annual_report
5872
728
Pretax losses are presented net of amounts attributable to noncontrolling interests of $34.4 million in 2020 and $29.8 million in 2019.
21
10K
ScorSE-AR_2015
716
Gérard Andreck ** 100 Marguerite Bérard-Andrieu *** 100 Andreas Brandstetter ** 0 Thierry Derez 87.5 Peter Eckert 100 Charles Gave ** 50 Kevin J. Knoer 100 Vanessa Marquette *** 100 Jean-Marc Raby *** 100 Augustin de Romanet *** 100 Guillaume Sarkozy * 50 Guylaine Saucier ** 100 Kory Sorenson 100 Claude Tendil 87.5 Dan...
92
annual_report
NatwestGroupPLC-AR_2016
8,869
The legal and regulatory actions specifically referred to below are, in the Group’s view, the most significant legal and regulatory actions to which the Group is currently exposed. However, the
30
annual_report
SwissLifeHoldingAG-AR_2003
2,131
Swiss Life Holding . Financial Statements 2003 . Review of Operations
11
annual_report
RaiffeisenBankInternationalAG-AR_2015
1,806
In July 2015 RBI AG exercised the contractually foreseen early call option for the synthetic securitization closed in 2012 (“ROOF WESTERN EUROPE CLO - 2012- 1”) with an underlying portfolio of corporate customer assets originated by RBI AG. With the exception of the mezzanine tranche which amounted to € 47,000 thousand...
60
annual_report
gb_prudential-AR_2018
7,232
Operating profit based on longer-term investment returns 1,399 192 1,591 507 2,098
12
annual_report
3379
1,328
A significant portion of amounts included as premiums receivable, which represent estimated premiums written, net of commissions, are not currently due based on the terms of the underlying contracts. Management reviews the premiums receivable balance at least quarterly and provides a provision for amounts deemed to be ...
64
10K
476
235
Life benefits to policyholders increased to $1,704,207 from $1,260,480 in 1994. The life loss ratio was 53.3% in 1995, compared to 47.9% in 1994. These increases in benefits and the Company's life loss ratio are a result of the sale of the Company's new life insurance products which were introduced in late 1993.
53
10K
INGGroepNV-AR_2001
1,281
O F F I C E : until the 2002 AGM.
11
annual_report
3927
909
Amounts Recoverable from Reinsurers. Amounts recoverable from reinsurers represents the portion of our paid and unpaid loss and loss adjustment expenses that are assumed by reinsurers. These amounts are separately reported on our balance sheet as assets and do not reduce our reserves for loss and loss adjustment expens...
154
10K
NatwestGroupPLC-AR_2018
3,946
Note: (1) Includes £583 million credit in relation to loans to customers and £4 million debit in relation to debt securities.
21
annual_report
INGGroepNV-AR_2011
1,657
GOVERNMENT GRANTS Government grants are recognised where there is reasonable assurance that the grant will be received and all attached conditions will be complied with. When the grant relates to an expense item, the grant is recognised over the period necessary to match the grant on a systematic basis to the expense t...
75
annual_report
5900
873
Commissions and the deferral of acquisition costs declined relative to 2019 due to lower sales. The amortization of deferred acquisition costs was consistent with 2019. The other expense ratio improved relative to 2019 due to a decline in sales-related expenses and our continued focus on expense management and operatin...
50
10K
3496
678
In the Second Amended Commercial Complaint, the named plaintiffs purport to represent a class consisting of all persons or entities who between January 1, 1998 and December 31, 2004 engaged the services of any one of the broker defendants, including the Company, or any one of their subsidiaries or affiliates, in connec...
64
10K
4587
1,491
The increase in other uses of cash is attributed to changes in the amount of outstanding checks over bank balances in the 2012 period.
24
10K
5690
3,844
Investments in any counterparty that were greater than 10% of the Company’s equity, other than the U.S. government and its agencies, at estimated fair value at December 31, 2019 and 2018, were in fixed income securities of the Japanese government and its agencies of $33.7 billion and $30.2 billion, respectively, and in...
70
10K
5851
14,735
(f) Freestanding derivatives only, excludes embedded derivatives. Derivative instrument assets and liabilities are recorded in Other assets and Other liabilities, respectively. Fair value of assets related to bifurcated embedded derivatives was zero at both December 31, 2020 and December 31, 2019. Fair value of liabili...
119
10K
2659
390
Results of Operations - Year Ended May 31, 2003 As Compared to the Year Ended May 31, 2002.
18
10K
4502
780
The Company’s goal is to ensure that its total reserves for property and casualty insurance losses and LAE are adequate to cover all costs, while sustaining minimal variation from the time reserves for losses and LAE are initially estimated until losses and LAE are fully developed. Changes in the Company’s estimates of...
115
10K
5306
780
a) The revenue of Farglory Life Insurance Co., Ltd (“Farglory”) increased in 2016 because Farglory bundles its life insurance products to customize each of its clients' needs better. By combining insurance contracts with the diversified term, premium, and coverage arrangements, the increased flexibility of the products...
68
10K
4635
1,134
(2) Primarily includes government agency pass-through securities guaranteed by a government agency or government sponsored enterprise, among other types of RMBS.
21
10K
5526
1,100
Statement of Income for the years ended December 31, 2018, 2017 and 2016
13
10K
564
576
RECOGNITION OF PREMIUM REVENUES. Premium is earned principally on a pro rata basis over the terms of the policies which are generally not more than one year. Unearned premium represents the portion of premium written applicable to the unexpired terms of policies in force.
44
10K
3568
3,187
Derivatives, as defined in FAS 133, are financial arrangements among two or more parties with returns linked to or “derived” from some underlying equity, debt, commodity or other asset, liability, or foreign exchange rate or other index or the occurrence of a specified payment event. Derivative payments may be based on...
68
10K
2965
831
The Company issued 250,000 performance-based Units in 2004 to certain members of its management. The first third of the Units vested in 2004 with the remainder vesting in January 2005. The value of the transaction was based on the number of Units issued and the Company's common stock price on the date the performance c...
101
10K
HiscoxLtd-AR_2013
1,629
Interest rate futures contracts During the year the Group continued short selling a number of government bond futures and sovereign futures denominated in a range of currencies to informally hedge substantially all of the interest rate risk on specific long portfolios of the matching currencies denominated corporate bo...
74
annual_report
BaloiseHoldingLtd-AR_2006
5,188
VORABDRUCK VORABDRUCK VORABDRUCK VORABDRUCK VORABDRUCK VORABDRUCK VORABDRUCK VORABDRUCK VORABDRUCK VORABDRUCK VORABDRUCK VORABDRUCK VORABDRUCK VORABDRUCK VORABDRUCK VORABDRUCK VORABDRUCK3.6 65.4
18
annual_report
PhoenixGroupHoldingsPLC-AR_2019
3,363
F. INSURANCE CONTRACTS, INVESTMENT CONTRACTS WITH DPF AND REINSURANCE continued F4. Risk Management – Insurance Risk continued F4.2 Managing product risk The following sections give an assessment of the risks associated with the Group’s main life assurance products and the ways in which the Group manages those risks.
48
annual_report
LloydsBankingGroupPLC-AR_2012
1,006
– international – our non-core businesses in ireland, Europe, Asia and the rest of the world (excluding businesses transferred to the commercial Banking division in the year).
27
annual_report
4502
652
Kemper has a three-year, $245 million, unsecured, revolving credit agreement, expiring October 30, 2012, with a group of financial institutions (the “2012 Credit Agreement”). The 2012 Credit Agreement provides for fixed and floating rate advances for periods up to six months at various interest rates. The 2012 Credit A...
98
10K
StandardLifeAberdeenPLC-AR_2017
1,756
Shareholders consulted with were generally supportive of the proposed approach going forward, and in particular:  Our approach to simplification and improved transparency  The increased focus on long-term performance measures and targets through introduction of backward and forward looking performance measures extend...
57
annual_report
AegonNV-AR_2008
4,812
AEGON N.V.’s voting shares (excluding issued common shares held in treasury by AEGON N.V.) decreased from approximately 52% to approximately 33%.
21
annual_report
2204
556
Changes in currency exchange rates are not an unusual item. Because we derive our revenue from both the United States and Canada and do not use derivatives to manage our Canadian pre-tax income, foreign exchange fluctuations will continue to impact our results. We have highlighted the impact of these changes because cu...
101
10K
fr_axa-AR_2006
3,902
Decrease following the transfer of portfolios to the “held for sale” category – – –
15
annual_report
979
363
The Company is currently analyzing the possibility of PRI converting to a stock insurer and being acquired by the Company. Such a transaction would be subject to the approval of PRI's Board and policyholders and the New York Department of Insurance. Such an acquisition would give the Company direct ownership of a large...
67
10K
4279
1,353
As a result of the consolidation of additional VIEs as disclosed in Note 1, $120 million in additional perpetual securities in the bank and financial institution sector were recognized effective January 1, 2010, since the securities were included in the former QSPE structures.
43
10K
3702
1,751
4.Credit spreads are extrapolated based upon transactions of similar asset classes, similar ratings, and similar time to maturity.
18
10K
de_allianz-AR_2018
1,569
AllianzGI’s performance fees increased, due to mostly operatingprofit -neutral carried interest from ACP.
13
annual_report
3854
640
3. Variability between the Company’s loss experience and industry averages for those lines of business where there is a heavy reliance on industry averages to establish reserves, primarily New Jersey bodily injury claims.
33
10K
GjensidigeForsikringASA-AR_2017
381
In 2017, Gjensidige’s customer satisfaction index (KTI) was 77.9 at group level, which is an increase of 0.5 from 2016, and the best result we have ever achieved.
28
annual_report
NatixisSA-AR_2014
1,171
Management and oversight of corporate governance 2.3 Management and oversight of corporate governance
13
annual_report
AegonNV-AR_2010
3,292
176 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS OF AEGON N.V. NOTE 17 - 18
14
annual_report
1849
1,312
Short-term investments consist of highly liquid debt instruments with a maturity of greater than three months and less than twelve months when purchased. These investments are carried at amortized cost, which approximates fair value.
34
10K
4667
1,575
In addition to the investments underlying the funds held - directly managed account in the above table at December 31, 2012 and 2011, were cash and cash equivalents of $53.7 million and $176.3 million, respectively, other assets and liabilities of $33.4 million and $20.3 million, respectively, and accrued investment in...
75
10K
2915
710
period in which the change is identified. In every reporting period, our operating results include the effects of more completely developed medical costs payable estimates associated with previously reported periods. If the revised estimate of prior period medical costs is less than the previous estimate, we will decre...
116
10K
gb_prudential-AR_2014
5,294
APE sales 23 14 Operating profit New business contribution 11 6 Total operating profit 11 8
16
annual_report
NatixisSA-AR_2020
6,057
Average number of shares used to calculate diluted earnings/(loss) per share 3,160,085,143 3,158,161,981
13
annual_report
BeazleyPLC-AR_2015
1,574
In addition, finance costs include gains on the early redemption of the group’s borrowings. These gains are recognised in the statement of profit or loss, being the difference between proceeds paid plus related costs and the carrying value of the borrowings redeemed.
42
annual_report
StandardLifeAberdeenPLC-AR_2009
176
We analyse our EEV profits in three components that reflect the focus of our business effort – core, efficiency and back book management.
23
annual_report
4421
681
We expect other revenue to be similar in absolute dollars in 2012 compared to 2011.
15
10K
2885
543
compared with operating income of $34.1 million for year ended December 31, 2004, an increase of $29.9 million or 87.7%. Operating income is a non-GAAP financial measure used by management as a measure of our performance. It is calculated as net income less after-tax realized investments gains and losses less any extra...
130
10K
4064
1,263
Included in the net realized investment gains (losses) were other-than-temporary impairments of investment securities recognized in earnings totaling $32.9 million, $113.1 million and $3.6 million in 2009, 2008 and 2007, respectively.
31
10K
1914
855
Positive investment performance has been a key driver of the improvement in net flows. On the institutional side, for the year ended December 31, 2002, 4 of the 8 largest product composites met or outperformed their respective indices and these 4 composites accounted for 74% of institutional assets under management. Ho...
249
10K
1803
443
Moreover, insurance companies domiciled in California and Texas generally may not pay extraordinary dividends without providing the state insurance commissioner with 30 days' prior notice, during which time the commissioner may disapprove the payment. An "extraordinary dividend" is generally defined as a dividend whose...
93
10K
3912
1,479
The principal liquidity and capital demands of our mortgage insurance business include the payment of operating expenses, including those allocated from Radian Group, claim payments and taxes. The principal sources of liquidity in our mortgage insurance business are written premiums, net investment income and cash divi...
218
10K
4029
849
Net cash provided by operating activities is net income adjusted for non-cash items and accruals and was $441.4 million, $361.8 million and $485.7 million for 2009, 2008 and 2007, respectively. The increase in other, net for 2009 was primarily due to the receipt of a tax refund from a 2008 favorable resolution of prior...
62
10K
NatixisSA-AR_2016
10,411
respect of fiscal year 2016 to each executive corporate officer, (iv) approval of the principles and criteria for determining, distributing and allocating fixed, variable and non-recurring
26
annual_report
2258
757
The Company expects to contribute $126,000 to its pension plan and $8,400 to its other postretirement benefits plan in 2004.
20
10K
5616
1,691
For The Year Ended December 31, 2018 as compared to The Year Ended December 31, 2017
16
10K
564
608
Years Ended December 31, ------------------------ (In millions) 1996 1995 1994 - - ---------------------------------------------------------- Fixed maturity investments Gross gains $37 $18 $6 Gross losses (41) (29) (26) - - ---------------------------------------------------------- Net investment loss before tax (4) (1...
56
10K
4068
820
The fair value of cash and cash equivalents, accounts receivable, accounts payable, accrued liabilities and notes payable for all periods presented approximates their respective carrying amounts because of the short maturity of these financial instruments. In addition, the Company’s trading investments reflect their re...
86
10K
4095
3,254
Future policy benefits for other contract liabilities are generally equal to the present value of expected future payments based on the Company’s experience, except for example, certain group insurance coverages for which future policy benefits are equal to gross unearned premium reserves. The interest rates used in th...
58
10K
2814
1,621
Certification of Henry F. Blissenbach pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
23
10K
4236
1,345
On a trade date basis, we repurchased 1,393,541 shares of our common stock during 2010 at an average price of $30.13 per share and as of December 31, 2010, had remaining authority from our Board of Directors to repurchase 761,270 more shares under our stock repurchase program. Through February 22, 2011, we have repurch...
94
10K
2349
712
Our investments are carried at fair value or amounts that approximate fair value. Fair value for our investments in fixed maturities is generally based on quoted market prices or pricing models. At December 31, 2004, the valuation of approximately 96% of our fixed maturities investments was based on quoted market price...
125
10K
LloydsBankingGroupPLC-AR_2013
2,331
Shareholding guidelines executive Directors are required to build up a holding of a value of 200 per cent of base salary and fixed share award for the GCe and 150 per cent for other executive Directors.
36
annual_report
AdmiralGroupPLC-AR_2014
1,310
7. Kevin Chidwick was paid £177,104 in 2014 (2013: £165,000) to reimburse him for expenses incurred in relation to his being based in the US after taking on CEO responsibility for the Group’s US insurer Elephant Auto.
37
annual_report
2767
1,130
Derivative assets are reflected on our consolidated statements of financial position and reported as a component of other investments. Certain seed money investments are carried at fair value with changes in fair value included in net income as net realized/unrealized capital gains or losses.
44
10K
AssicurazioniGeneraliSpA-AR_2018
2,670
Increases for the year.............................................................. 2 25,036 32 19,312 due to: 3 25,002 33 18,244 readjustments ................................................................... 4 0 34 0 revaluations ...................................................................... 5 0 35 0 other...
73
annual_report
2000
638
Operating expenses as a percentage of revenue were 12.8%, 12.6%, and 11.1% for 2002, 2001, and 2000, respectively. The increase in the percentages for 2002 and 2001 compared to 2000 were primarily a result of a changed cost structure related to the two transactions completed for this segment. In addition, operating exp...
71
10K
3100
2,395
See Note 5 to the accompanying consolidated financial statements for a further discussion of fixed maturity investments.
17
10K
4592
5,788
State laws specify regulatory actions if an insurer's risk-based capital ("RBC"), a measure of an insurer's solvency, falls below certain levels. The NAIC has a standard formula for annually assessing RBC. The formula for calculating RBC for property-liability companies takes into account asset and credit risks but pla...
102
10K
RaiffeisenBankInternationalAG-AR_2007
19
Number of shares on 31 December in mn 154.67 8.3% 142.77 142.77
12
annual_report
1050
712
DEFERRED POLICY ACQUISITION COSTS ("DPAC"). Policy acquisition costs consisting of commissions and other policy issue costs, which vary with and are primarily related to the production of new business, are deferred and amortized over periods not to exceed the estimated premium-paying periods of the related policies. Al...
111
10K
5572
421
In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses” (“ASU 2016-13”). ASU 2016-13 will change the way entities recognize impairment of financial assets by requiring immediate recognition of estimated credit losses expected to occur over the remaining life of many financial assets, includin...
179
10K
nl_ing_grp-AR_2013
2,126
Included in Amounts due from banks 73 133 Included in Loans and advances to customers 13,675 16,263
17
annual_report
4764
1,024
The Company uses interest rate swaps as part of its risk management strategy to manage interest rate risk and cash flow risk that may arise in connection with the variable interest rate provision of the Company's preferred trust securities. The Company's derivative financial instruments are carried at fair value on the...
53
10K