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3511
5,825
Financing cash flows were impacted by dividends paid by Allstate Financial totaling $742 million, $725 million and $290 million in 2007, 2006 and 2005, respectively.
25
10K
RaiffeisenBankInternationalAG-AR_2020
2,803
The effective tax rate increased 3.5 percentage points to 26.3 per cent. This was due to the lower profit contribution from head office, among other things due to impairments on loans, on companies valued at equity and on the goodwill of Raiffeisen Kapitalanlage -Gesellschaft.
44
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012
2,162
Development of the claims reserve in the property-casualty segment 2012 Prev. year Ceded Ceded €m Gross share Net Gross share Net Status at 31 Dec. previous year 45,704 2,603 43,101 41,540 2,310 39,230 Currency translation differences –158 –6 –152 1,039 26 1,013 Change in consolidated group –38 –11 –27 –53 –4 –49 Claim...
54
annual_report
3150
1,005
Assumed reinstatement and additional premiums written and earned during the years ended December 31, 2006 and 2005, as reflected in the Consolidated Statements of Operations and Comprehensive Operations, were as follows:
31
10K
1853
743
The following table sets forth American Country's Statutory Combined Ratio and GAAP Combined Ratio for the periods indicated:
18
10K
AegonNV-AR_2014
3,729
(2013: 5%) and pre-tax risk adjusted discount rate of 17% (2013: 17%).
12
annual_report
AvivaPLC-AR_2009
5,240
The voting results for the 2010 AGM, including proxy votes and votes withheld, will be accessible on our website at www.aviva.com/agm, shortly after the meeting.
25
annual_report
4466
5,184
CMBS totaled $1.78 billion, with 90.5% rated investment grade, as of December 31, 2011. The CMBS portfolio is subject to credit risk, but unlike certain other structured securities, is generally not subject to prepayment risk due to protections within the underlying commercial mortgage loans. Of the CMBS investments, 9...
65
10K
INGGroepNV-AR_2012
5,171
Tier 2 capital Opening amount 8,502 9,813 Change in Tier 2 capital instruments –1,384 –1,364 Change in deductions 24 53 Closing amount 7,142 8,502
24
annual_report
StorebrandASA-AR_2018
300
Climate risk has two dimensions. Storebrand takes climate risk into consideration on behalf of our shareholders because it could impact our earnings and their return on investment. We also take it into consideration on behalf of our customers because it can affect their returns and payouts.
46
annual_report
4220
1,093
During 2010, 2009 and 2008, the Registrant received dividends from its subsidiaries totaling $67,891, $19,122 and $48,411, respectively.
18
10K
1177
624
- - The effect of premium increases, benefit changes and member-paid supplemental premiums and copayments;
15
10K
4089
751
The following tables summarize gross unrealized or unrecognized losses of the Company’s available-for-sale and held-to-maturity investment security portfolios by category and length of time that securities have been in a continuous unrealized or unrecognized loss position.
36
10K
fr_axa-AR_2012
7,126
For the employees who are granted more than 5,000 options, the fi rst two instalments vest unconditionally at the end of the vesting period, while the fi nal instalment is subject to the fulfi lment of certain conditions regarding the performance of the AXA shares compared to the Eurostoxx Insurance index. From 2010, a...
61
annual_report
Sampoplc-AR_2008
270
Mandatum Life Group’s premium income on own account decreased to EUR 529 million (618). Premiums in the main focus area, unit-linked insurance, fell to EUR 287 million (404)
28
annual_report
ScorSE-AR_2009
254
In order to reduce such risks, SCOR carries out a quarterly examination of exposure and associated risks. Depending on the financial situation of the principal cedants, actions aimed at reducing or limiting exposure or mitigating the risk through guarantees on deposits (for example, via offset clauses) may be carried o...
96
annual_report
4714
861
Results for 2013 included pretax net realized investment gains of $399 million ($259 million after-tax), compared with net realized investment losses of $349 million ($226 million after-tax) in 2012. Net investment gains in 2013 consisted of $199 million ($129 million after-tax) of other-than-temporary impairment losse...
104
10K
4426
857
The following table provides the reconciliation of weighted average common share equivalents outstanding used in calculating earnings (loss) per share for the years ended December 31, 2011, 2010, and 2009:
30
10K
4376
799
Our investment portfolio generated approximately $16.5 million, $17.2 million and $22.4 million in pre-tax income for the years ended December 31, 2011, 2010 and 2009, respectively. The decrease in each period is primarily a result of decreasing rates of return on fixed income securities due to current market interest ...
131
10K
658
263
The principal office space for the operations of Citizens Security Group is located in Red Wing, Minnesota and is being leased by Citizens Security Mutual. The space consists of approximately 30,000 square feet with the lease expiring on December 31, 2002. In August, 1996, Citizens Security Mutual subleased approximate...
104
10K
StandardLifeAberdeenPLC-AR_2017
406
Accredited for our support to carers by Carer Positive, a Scottish Government-funded initiative
13
annual_report
1241
404
Under the Recapitalization Plan, all existing shares of the Company's common stock will be cancelled for no value, and the Company's existing senior and subordinated debt, with principal currently aggregating approximately $180 million, will be paid in full in cash. Any and all other claims and liabilities of the Compa...
58
10K
4743
1,018
U.S. Virgin Islands and West Virginia. In 2012, Molina Medicaid Solutions of West Virginia secured a partnership with the United States Virgin Islands (USVI). The partnership involves processing the USVI’s Medicaid claims using West Virginia’s certified Medicaid management information system. On August 1, 2013 the syst...
76
10K
PowszechnyZakladUbezpieczenSA-AR_2014
1,380
This had a positive impact on the level of technical provisions in this portfolio. There was also a decrease of provisions in short-term endowment products in the bancassurance channel compared with a small growth in the previous year – the endowment of the subsequent tranches in the face of the lack of sales of new co...
56
annual_report
fr_axa-AR_2003
3,783
Under U.S. GAAP, the accounting for share-based is identical whatever the characteristics of the plan.
15
annual_report
4429
1,740
The fair value of restricted stock units is determined based on the closing stock price of our common shares on the grant date. The weighted-average grant-date fair value of restricted stock units granted during 2011, 2010 and 2009 was $33.35, $22.78 and $11.94, respectively.
44
10K
de_allianz-AR_2016
1,827
30 – Impairments of investments (net) imPairments of investments (net) € mn
12
annual_report
5881
1,144
pandemic. The debt carries a fixed interest rate of 0.83%, and Atlantic States plans to repay this cash advance in full at its March 2021 maturity.
26
10K
gb_prudential-AR_2007
2,282
iv Shareholder exposure to interest rate risk and other market risk By virtue of the fund structure, product features and basis of accounting described in note D2(c) and (e), the policyholder liabilities of the UK insurance operations are, except for pension annuity business, not generally exposed to interest rate risk...
98
annual_report
1958
584
During 2000, the Company entered into a reinsurance agreement under which one of the Company’s insurance subsidiaries will cede through a net quota share reinsurance agreement 50 percent of the group life volume above the aggregate retention limit. The treaties are five-year quota share treaties ceding 25 percent of pr...
68
10K
4375
804
Debt securities are carried on the balance sheet at market. At December 31, 2011 and 2010, debt securities had the following quality ratings by S&P and for securities not assigned a rating by S&P, Moody’s or Fitch ratings were used.
40
10K
5289
1,886
Net reserve for losses and loss expenses as at December 31, 2016 - Sensitivity to loss emergence patterns
18
10K
1484
426
Consolidated Balance Sheets as of December 31, 2000 and 1999 34
11
10K
4296
1,134
Other long-term investments include the Company’s interest in various limited partnerships, including a low volatility multi-strategy fund of funds, two natural resource limited partnerships, a structured finance opportunity fund, an open-ended investment fund and a real estate limited partnership. The Company records ...
123
10K
2003
503
In September 2001, the Compensation Committee of the Company's Board of Directors recommended, and the Board of Directors approved, the adoption of an incentive compensation program covering certain members of management. The program was terminated by the Company's Board of Directors on October 31, 2002. Expenses under...
63
10K
2844
914
• $25 million in the fixed income portfolio related to various issuers due to credit risk associated with the issuer’s deteriorated financial position.
23
10K
2297
1,293
In 1998, Provident Financing Trust I (the trust) issued $300.0 million of 7.405% capital securities in a public offering. These capital securities, which mature on March 15, 2038, are fully and unconditionally guaranteed by the Company, have a liquidation value of $1,000 per capital security, and have a mandatory redem...
168
10K
2462
608
The Group Protection Segment markets and administers group life insurance, stop-loss insurance and long-term and short-term disability products. These products are sold to companies that provide group benefits for their employees. The Group Protection Segment had pretax income of $3.3 million and $0.9 million for the y...
54
10K
4590
1,171
Commission revenue increased $1.9 million, or 17%, to $13.1 million for the year ended December 31, 2011, from $11.2 million for the comparable period in 2010. This increase primarily reflects Michigan agency business that was added in the current year.
40
10K
ASRNederlandNV-AR_2012
2,235
2. Annually the annual general meeting of shareholder determines either on the recommendation of the management board and with the approval of the supervisory board or on its own initiative, which part of the profi t will be retained or distributed.
41
annual_report
NatixisSA-AR_2007
8,707
Natixis’ yearly and multi-year audit plans are approved by the Chairman of the Executive Board and the internal audit departments of the Bank’s shareholders and central institutions. The yearly audit plan is examined by Natixis’ Audit
36
annual_report
AegonNV-AR_2013
3,596
In addition, certain products offered by Aegon Americas contain guarantees and are reported on a fair value basis, including the segregated funds offered by Aegon Canada and the total return annuities and guarantees on variable annuities of Aegon USA.
39
annual_report
de_allianz-AR_2006
1,330
The previous analysis is based on our consolidated financial statements and should be read in conjunction with those statements. The Allianz Group uses operating profit to evaluate the performance of its business segments and the Group as a whole. The Allianz Group considers the presentation of operating profit to be u...
158
annual_report
de_allianz-AR_2017
1,048
On a nominal basis, statutory premiums increased by 4.1 %. This includes unfavorable foreign currency translation effects of € 494 mn and negative (de-)consolidation effects of € 1,293 mn. On an internal basis, statutory premiums went up by € 4,429 mn – or 7.0 % – to
47
annual_report
fr_axa-AR_2019
9,755
or with annual coal production over 20 million tons and/or developing new coal mines; ■ certain coal industry partners, defined as manufacturers (e.g.
23
annual_report
1335
298
At December 31, 1999, $11,082,000, or 5%, of the Company's investment portfolio was invested in non-investment grade securities compared to $6,706,000, or 3%, at December 31, 1998. All of the Company's non-investment grade securities are currently performing to the Company's purchase expectations.
42
10K
4181
1,546
relative to the year ended December 31, 2010, on a pro forma basis. In 2011, we intend to emphasize our short-tail lines of business more than our long-tail casualty lines of business, and we expect that our new business initiatives will be weighted more to insurance instead of reinsurance.
49
10K
1329
439
The carrying value of the direct financing leases at December 31, 1999 and 1998 approximates fair value because of the short-term period that these leases are held before sale or securitization or, in certain cases, because the interest rate approximates current market rates. The fair value of the direct financing leas...
51
10K
2067
944
THE FOLLOWING REFLECTS THE POLICY ACQUISITION COSTS DEFERRED FOR AMORTIZATION AGAINST FUTURE INCOME AND THE RELATED AMORTIZATION CHARGED TO INCOME FOR GENERAL AND LIFE INSURANCE OPERATIONS, EXCLUDING CERTAIN AMOUNTS DEFERRED AND AMORTIZED IN THE SAME PERIOD:
36
10K
978
270
Other income (deductions)-net includes AIG's equity in certain minor majority-owned subsidiaries and certain partially-owned companies, realized foreign exchange transaction gains and losses in substantially all currencies and unrealized gains and losses in hyperinflationary currencies, costs associated with the Year 2...
90
10K
5947
677
(3)See “Results of Operations-Mortgage,” “Results of Operations-Real Estate” and “Results of Operations-All Other” for more information on both direct and allocated operating expenses.
23
10K
1884
501
As a result of these actions, we expect a reduction in historical depreciation and rent expense will improve our pretax results by approximately $5 million ($3 million after tax) in 2003 and $6 million ($4 million after tax) annually thereafter. The impact on operating cash flows is not expected to be material.
52
10K
5406
2,208
In certain investments, the carrying value is different from the share of the investee's underlying net assets. The differences represent goodwill on acquisition, OTTI recorded with respect to the investment, or differences in the retained capital accounts of the various equity holders (including the Company).
45
10K
5743
1,027
The principal considerations for our determination that performing procedures relating to the valuation of the reserve for losses and loss adjustment expenses is a critical audit matter are (i) there was significant judgment by management when developing their estimate, which in turn led to a high degree of auditor sub...
117
10K
4485
1,294
As of December 31, 2011 and 2010, the notional amount related to credit derivatives that purchase credit protection was $1.1 billion and $1.7 billion, respectively, while the fair value was $23 and ($5), respectively. As of December 31, 2011 and 2010, the notional amount related to credit derivatives that assume credit...
92
10K
4459
470
In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2011 and 2010, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 2011, in conformity with accounti...
95
10K
Sampoplc-AR_2008
1,338
IT software or from significant improvement of existing software are recognised only to the extent they meet the above-mentioned requirements for being recognised as assets in the balance sheet.
29
annual_report
3264
945
The Company’s derivative trading activities are associated with one of its consolidated separate accounts in which all investments are held for trading purposes. The derivatives segregated in this separate account are carried at fair value with the gains and losses included within net investment income. The Company is ...
109
10K
fr_axa-AR_2001
2,319
d • Items 6-7 (V5) 1/07/02 11:41 Page 136 Philippe Jobs Phil 1:JOBS 1:AXA:04-587-COB 2001:COB (US):
16
annual_report
5208
912
Deferred gains of $50 million which will be recognized in our earnings in the future in accordance with GAAP.
19
10K
4596
1,211
· Difficulties with technology or data security breaches, including cyber attacks, that could negatively affect our ability to conduct business and our relationships with agents, policyholders and others
28
10K
5593
889
The Company currently has an unsecured debt rating of A with a negative outlook from Fitch Rating, Inc., a corporate credit and senior debt rating of A with a stable outlook from S&P Global Ratings (“S&P”) and an unsecured debt rating of A3 with a stable outlook from Moody’s Investors Service (“Moody’s”). Should one or...
95
10K
53
54
has continued into 1995. Management believes that surrenders are lower during periods of declining interest rates. BOND PORTFOLIO RESTRUCTURING. During 1990, the quoted market values of many non-investment grade bonds substantially decreased. In response to this decrease, the company substantially increased the allowan...
173
10K
PosteItalianeSpA-AR_2017
2,564
Further information is provided in Material events during the year (note 3).
12
annual_report
fr_axa-AR_2015
1,335
Protection & Health (€+1 million) due to higher infl ows from
11
annual_report
StandardLifeAberdeenPLC-AR_2014
3,036
All business units are required to monitor, assess, manage and control liquidity risk in accordance with the relevant principles within the Group’s policy framework. Oversight is provided both at a Group level and within the business unit. In addition, all business units benefit from membership of a larger Group to the...
105
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2005
465
We can thus exploit market opportunities whether they present themselves in primary insurance or reinsurance. Our objective continues to be sustained profitability. And we actively seek growth opportunities. As an integrated insurance and reinsurance group that can develop its markets through different brands, by focus...
90
annual_report
4514
895
Beginning in late 2008, the disruption in the global credit markets and the deterioration of the financial markets created significant uncertainty in the marketplace. Weak economic conditions globally continued throughout 2012. The prolonged economic downturn is adversely impacting our clients' financial condition and ...
107
10K
5887
682
•Realize the highest possible levels of investment income, while generating superior after-tax total rates of return.
16
10K
4851
1,599
As discussed in Note 1, Gibraltar Life’s current period results of operations represent earnings through November 30, 2013 and Gibraltar Life’s current period assets and liabilities represent balances as of November 30, 2013.
33
10K
PosteItalianeSpA-AR_2017
20
(2) The Board of Statutory Auditors was elected by the Ordinary General Meeting of 24 May 2016 to serve for a period of three years and will remain in office until the General Meeting’s approval of the financial statements for the year ended 31 December 2018. On 30 January 2017, the Alternate Auditor, Andrea Bonechi, r...
82
annual_report
5166
1,287
The following table provides information about our fixed maturities and equity securities that were in an unrealized loss position including the length of time the securities have been in an unrealized loss position. (See also Note 3 - “Investments” in the Notes to Consolidated Financial Statements included in Financia...
57
10K
5894
463
There was a $559,571 increase in advances to one mortgage loan originator who acquires residential mortgage loans for our life insurance companies.
22
10K
629
197
year or every other year based on internal quality ratings. C.M. Life uses the following criteria to determine whether a current or potential problem exists: (i) borrower bankruptcies, (ii) major tenant bankruptcies, (iii) requests for restructuring, (iv) delinquent tax payments, (v) late payments, (vi) loan-to- value ...
56
10K
ScorSE-AR_2011
839
estimates that its potential maximum losses for catastrophes, before retrocession, come from windstorms in Europe, hurricanes in the U.S., typhoons in Japan or from earthquakes in Japan or the U.S.
30
annual_report
4988
1,053
Operating income before interest expense and income taxes was $406.2 million in 2014 compared to $393.4 million in 2013, an increase of $12.8 million. This increase is due to improved current accident year results, primarily in Commercial Lines, and from higher favorable development on prior years’ loss and loss adjust...
111
10K
NatwestGroupPLC-AR_2016
6,980
Deferred tax assets in respect of unused tax losses are recognised if the losses can be used to offset probable future taxable profits after taking into account the expected reversal of other temporary differences. Recognised deferred tax assets in respect of tax losses are analysed further below.
47
annual_report
5860
981
● Average size and premium rate of newly issued and renewed policies; and
13
10K
PowszechnyZakladUbezpieczenSA-AR_2017
609
The bank’s business model is based on client segmentation into the following groups: • Retail Banking – providing services to individual clients and micro businesses through a leading network of branches and partner outlets, supported by remote channels; • Private Banking – providing services to affluent clients and of...
92
annual_report
2258
468
The Company establishes and carries as liabilities actuarially determined reserves which are calculated to meet the Company’s estimated future obligations. Reserves for life insurance and disability contracts are based on actuarially recognized methods using prescribed morbidity and mortality tables in general use in t...
170
10K
LloydsBankingGroupPLC-AR_2011
2,981
While there have been no material changes to the overall structure of executive remuneration, we have continued to maintain an open and transparent dialogue with shareholders. This valuable engagement is something we will seek to continue into 2012, as we recognise our responsibilities to the providers of our equity ca...
57
annual_report
2772
586
The Company’s life insurance premiums and policy charges increased $5.1 million, or 7.6% in 2004. Universal life policy charges and traditional premiums increased by $1.3 million and $3.6 million, respectively. The increase in traditional premiums was due to continued increases in term product production and a decline ...
87
10K
3953
1,041
The property was sold to take advantage of positive real estate market conditions in a specific geographic location and to further diversify our real estate portfolio.
26
10K
2741
6,638
See Item 8, Note 5(a) to the Consolidated Financial Statements for further information.
13
10K
PosteItalianeSpA-AR_2019
8,870
2. In this regard, please note that: - the adequacy of the administrative and accounting procedures for the formation of the Consolidated Financial Statements of the Poste Italiane Group was verified by evaluating the internal control system on financial reporting. This evaluation was performed by taking as a reference...
89
annual_report
fr_axa-AR_1999
4,672
currently has no intention of terminating these contracts prior to maturity. During 1999, 1998 and 1997, net gains (losses) of € 10 million, € 20 million and € (15) million, respectively, were recorded in connection with interest rate swap activity.
40
annual_report
3968
677
Portfolio Analysis. Because Torchmark has recently invested almost exclusively in fixed-maturity securities, the relative percentage of our assets invested in various types of investments varies from industry norms. The following table presents a comparison of Torchmark’s components of invested assets at amortized cost...
53
10K
TopdanmarkAS-AR_2016
593
Note 3. Gross premiums earned - non-life insurance Gross premiums written 8,883 8,745 Change in provisions for unearned premiums 28 110 Change in profit margin and risk margin 117 51 Gross premiums earned 9,029 8,906
35
annual_report
nl_ing_grp-AR_2015
5,662
Consumer lending past due but not impaired (1–90 days) 4,328 5,143 1 Based on lending and investment activities.
18
annual_report
gb_prudential-AR_2005
1,671
2. For the 2003 and 2004 conditional RSP awards to Jonathan Bloomer, the ranking of the Company’s TSR in the month prior to his leaving date was 72nd and 65th respectively and as a consequence the awards lapsed.
38
annual_report
5852
839
As of December 31, 2020 and 2019, respectively, the Company held approximately $284 million and $265 million of invested assets in the form of equity interests issued in non-corporate legal entities that were determined by the Company to be VIEs, as further described in Note 2. These legal entities are related parties ...
117
10K
5503
1,116
The excess and surplus lines market is expected to see the magnitude of rate increases continue to decline on several classes of business due to increased capacity in the market. Competition is expected to remain strong, especially on large accounts, due primarily to standard market insurance companies insuring busines...
94
10K
4121
4,401
The impact of realized capital gains and losses on amortization of DAC is dependent upon the relationship between the assets that give rise to the gain or loss and the product liability supported by the assets. Fluctuations result from changes in the impact of realized capital gains and losses on actual and expected gr...
142
10K
NatwestGroupPLC-AR_2013
445
Update on capital plan We announced in November that we will target a fully loaded Basel III Common Equity Tier 1 ratio of 12% or greater by the end of 2016 which will principally be delivered through the Capital Resolution Group.
41
annual_report
INGGroepNV-AR_2005
2,300
FINANCIAL ASSET Any asset that is: – a contractual right to receive cash or another financial asset from another company; – a contractual right to exchange financial instruments with another company under conditions that are potentially favourable; or – an equity instrument of another company.
45
annual_report
1510
201
Selling, general and administrative expenses increased by approximately $3,004,000, or 14%, to approximately $24,839,000 for the year ended October 31, 1999, up from approximately $21,835,000 for the year ended October 31, 1998. This increase was in large part due to (i) increases in selling expenses primarily due to i...
106
10K
2879
3,008
The effect of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities at December 31, 2005 and 2004 are presented below (in thousands):
31
10K
gb_prudential-AR_2006
4,600
Shareholders’ share of actuarial and other gains and losses on defined benefit pension schemes 0 0 0 (50) (50)
19
annual_report
4281
1,030
On July 1, 2010, Tower completed the OBPL acquisition pursuant to a definitive agreement (the “Agreement”) dated February 2, 2010 by and among the Company and OneBeacon Insurance Group, LLC (“OneBeacon”). This acquisition expanded Tower’s suite of personal lines insurance products to include private passenger automobil...
70
10K
INGGroepNV-AR_2007
400
ING is a top player in retirement services, providing defi ned contribution pension plans to small and medium-sized corporations, educational institutions, hospitals, and governments. While all retirement services segments are important, ING specifi cally focuses on the markets with the best growth potential: the small...
65
annual_report