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2089
669
Begin reinsuring, on a coinsurance and modified coinsurance basis at a quota share rate of 20%, Western Reserve Freedom Elite Builder variable universal life policies sold by the agents associated with World Financial Group and issued from July 1, 2001 through December 31, 2001;
44
10K
5200
852
changes in fair value gains (losses) on FG VIE assets and liabilities,
12
10K
791
419
In December 1997, the Company and Sykes Enterprises, Incorporated ("Sykes") formed Sykes HealthPlan Services, Inc. ("SHPS"). SHPS is owned 50 percent by each of the founding companies and will provide care management services, technology solutions, certain customer support services, and other outsourcing capabilities t...
88
10K
ASRNederlandNV-AR_2016
3,034
The non-qualifying assets, which are managed by a group company, are not presented as part of the net defined benefit obligation. At year-end 2016, the fair value of these assets amounted to € 2,498 million (2015: € 2,419 million), which includes the separate account to fund future inflation indexation amounting to € 3...
96
annual_report
4471
2,922
The following table presents information about purchased credit impaired investments acquired during the periods, as of their respective acquisition dates:
20
10K
4921
2,665
The nature of the Company’s high excess of loss liability and catastrophe business can result in loss events that are both irregular and significant. Similarly, adjustments to reserves for individual years can be irregular and significant. Such adjustments are part of the normal course of business for the Company. Ther...
58
10K
2889
2,023
Investments - Investments in securities, which are held principally by insurance subsidiaries of CNA, are carried as follows:
18
10K
AvivaPLC-AR_2011
4,545
Earnings before tax and non-controlling interests 1,085 971 37 266 377 319 43 2,013 289 109 3,496 83 3,579 1 Adverse expense experience occurred across a number of businesses. 2 Mortality experience continues to be better than the assumption set across a number of our businesses, most notably in France and the UK Annui...
189
annual_report
4422
1,201
The Property and Marine operating segment generated 52.9% and 54.3% of our net premiums written for the years ended December 31, 2011 and 2010, respectively. The following table summarizes underwriting activity and ratios for the Property and Marine segment for the years ended December 31, 2011 and 2010 ($ in thousands...
51
10K
AdmiralGroupPLC-AR_2017
346
Whilst we are proud of our track record of pricing and claims handling, what actually allows us to grow and generate profits each year is that our customers trust us to not only offer competitive prices, but also to provide excellent service. That is regularly supported by a number of customer KPIs we track continuousl...
160
annual_report
5591
828
We believe that cash generated by operations, cash generated by investments and cash available from financing activities will provide sufficient sources of liquidity to meet our anticipated needs over the next 12 to 24 months. We have consistently generated positive operating cash flow. The primary factor in our abilit...
66
10K
HelvetiaHoldingAG-AR_2015
909
2 Underlying earnings are adjusted for integration costs as well as amortisation of intangible assets, additional planned amortisation due to revaluation of interest-bearing securities at market value and other one-off effects of the acquisitions.
34
annual_report
AvivaPLC-AR_2017
4,320
Incurred in prior years (293) (214) Reinsurance recoveries received in the year (325) (409)
14
annual_report
LloydsBankingGroupPLC-AR_2020
2,985
For the majority of colleagues, year-on-year changes in remuneration are principally driven by pay increases and the impacts of Group performance and collective adjustment which has resulted in a reduction in the bonus pool. The Group has a commitment to pay progression and a continued focus on ensuring higher pay awar...
129
annual_report
1366
494
Fremont's workers' compensation insurance business competes in a market characterized by competition on the basis of price and service. In addition, state regulatory changes could affect competition in the states where the Company transacts business. Although the Company is one of the largest writers of workers'
46
10K
4405
2,037
collateral losses typically leads to a decrease in the fair value of the Company's FG VIE assets, while a decrease in collateral losses typically leads to an increase in the fair value of the Company's FG VIE assets. These factors also directly impact the fair value of the Company's uninsured VIE liabilities.
52
10K
5435
495
Inspections of mining activity and reclamation work are performed on a regular basis with initial cost estimates being updated periodically. Should the principal default in the obligation to reclaim the property in accordance with the mining permit, FSC would then use the funds held in the collateral account to reclaim...
73
10K
4919
1,013
The effect on DAC that results from the assumed realization of unrealized gains (losses) on investments allocated to non-traditional life insurance business is recognized with an offset, or "shadow" DAC, to net unrealized investment appreciation as of the balance sheet date. The “shadow" DAC adjustment decreased the DA...
65
10K
INGGroepNV-AR_2002
1,104
The funds benefited from a relatively defensive portfolio. ING also advises private and
13
annual_report
3889
1,039
(ix) reduction in the value of the Company’s investment portfolio as a result of changes in interest rates, yields and liquidity in the market as well as geopolitical conditions and the impact of political, regulatory, judicial, economic or financial events, including terrorism, affecting the market generally and compa...
74
10K
SwissReAG-AR_2001
48
Risk finance Risk financing employs a wide array of products from finite reinsurance to equity, leveraging Swiss Re’s knowledge and understanding of worldwide risk markets to finance risk retention.
29
annual_report
AvivaPLC-AR_2017
4,272
The Group’s UK with-profits funds also have certain policies that contain a guaranteed minimum level of pension as part of the condition of the original transfer from state benefits to the policy.
32
annual_report
5387
1,555
In contrast to our short and medium-tail business, the claim tail for our long-tail business is expected to be notably longer, as claims are often reported and ultimately paid or settled years, or even decades, after the related loss events occur. Our long-tail business primarily relates to liability business written i...
68
10K
StorebrandASA-AR_2019
2,170
Allocation by company and customers: Accounts receivable and other short-term receivables - company 4,824 7,005
15
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2003
377
Special and Financial Risks (sfr) is responsible for the special classes of credit, aviation and space, entrepreneurial and special risks, and for Munich-American RiskPartners (marp). In addition, it coordinates overarching innovation projects in the non-life divisions, such as the establishment of new distribution cha...
80
annual_report
5364
959
As a result of the termination of the Humana Merger Agreement, we paid Humana the applicable $1.0 billion Regulatory Termination Fee on February 16, 2017. As a result of the APA Termination Agreement, we paid Molina the applicable termination fee of $53 million on February 16, 2017 and paid Molina the applicable transa...
73
10K
BaloiseHoldingLtd-AR_2007
526
CKng joined Baloise in August 2002, Annemie D joined Baloise in August 2002, Annemie was appointed CEO of Baloise Liechtenstein on 1was appointed CEO of Baloise Liechtenstein on 1stst 2008. With a six-year old daughter, she is l08. With a six-year old daughter, she is to the new challenge. She enjoto the new challenge....
79
annual_report
2410
898
The National Association of Insurance Commissioners has adopted rules which set minimum risk-based capital requirements for insurance companies, managed care organizations and other entities bearing risk for healthcare coverage. As of December 31, 2004, our Indiana, Ohio, Texas and Wisconsin health plans were in
44
10K
4545
1,291
The fair value of outstanding debt was approximately $543,611 and $351,578 at December 31, 2012 and 2011, respectively.
18
10K
AegonNV-AR_2012
3,696
Once the entire pool is modeled, the results are closely analyzed by Aegon’s asset specialists to determine whether or not Aegon’s particular tranche or holding is at risk for not collecting all contractual cash flows taking into account the seniority and other terms of the tranches held. Aegon impaired its particular ...
67
annual_report
AegonNV-AR_2002
79
For all the many other stakeholders in our business too, we want to work hard to recognize and accept our wider responsibilities to the communities and environments in which we do business. We believe that a constructive approach to sustainability issues is essential in creating better futures for us all.
50
annual_report
AegonNV-AR_2014
161
people in the workplace and society, in the Netherlands; �� Undertaking the third annual Global Employee Engagement
17
annual_report
4454
282
Total expenses were $115.0 million in 2011 as compared to $106.3 million in 2010. Although total expenses increased, the Company’s overall underwriting results improved in 2011. As a percentage of premiums, insurance benefits and losses incurred and commissions and underwriting expenses were 96.0% and 97.3% in 2011 and...
82
10K
832
277
Adjusted insurance revenues increased 5.3% to $44.9 million in 1996 from $42.7 million in 1995. The increase was primarily attributable to increased investment spread and other insurance income (due to term life insurance sales). The growth in life insurance in force and policyholder account balances permitted invested...
87
10K
5926
768
Annuity deposits by product type collected during 2020, 2019 and 2018, were as follows:
14
10K
5753
1,021
As described in Management’s Annual Report on Internal Control Over Financial Reporting, management excluded from its assessment the internal control over financial reporting at CKP Insurance, LLC, Poole Professional Ltd. Insurance Agents and Brokers et al, Innovative Risk Solutions, Inc., Medval, LLC, Twinbrook Insura...
138
10K
2484
634
(2) Statutory combined ratio is a common industry measurement of the results of property and casualty insurance underwriting. This ratio is the sum of the ratio of incurred claims and claim expenses to premiums earned and the ratio of underwriting expenses incurred to premiums written. Federal income taxes, net investm...
142
10K
StandardLifeAberdeenPLC-AR_2019
3,415
The shareholder exposure to equity securities of £199m (2018: £37m) primarily relates to seed capital of £118m (2018: £19m) and £48m (2018: £nil) held by the Standard Life Foundation.
29
annual_report
5464
899
Guarantees accounted for as embedded derivatives in policyholder account balances include the non life-contingent portion of GMWBs, guaranteed minimum accumulation benefits (“GMABs”) and the portion of GMIBs that do not require annuitization. At inception, the Company attributes to the embedded derivative a portion of ...
82
10K
3797
1,626
During the year ended December 31, 2008, we recorded higher than expected health care costs and lowered our earnings guidance. The reduction in guidance was primarily driven by lower than expected commercial enrollment, higher than expected commercial health care cost trends, and the volatile economic environment. As a...
89
10K
SwissReAG-AR_2007
720
Capital management strategy The Group aims to maximise sustainable risk-adjusted returns, subject to various constraints arising from the capital adequacy requirements of key stakeholder groups. These capital constraints use differing calculation methods for defining both the available and required capital, and are app...
74
annual_report
INGGroepNV-AR_2020
4,999
Covid-19 has resulted in adverse changes in the market and economic environment. Due to the impact of the significant deterioration in the economic environment on the cash flow outlook of our businesses, we also completed a goodwill impairment review across ING Group in the second quarter of
47
annual_report
INGGroepNV-AR_2018
2,140
Equity holders of the parent 4,206 3,106 4,390 1 The amounts for the period ended 31 December 2018 have been prepared in accordance with IFRS 9, the adoption of IFRS 9 led to new presentation requirements; prior period amounts have not been restated.
43
annual_report
SwissReAG-AR_2020
1,455
Swiss Re’s capital position remains very strong, demonstrating resilience to large losses and market volatility.
15
annual_report
fr_axa-AR_2008
6,697
Translation Value at variance/ Value at (in euro million) December 31, 2007 Issues accrued interests December 31, 2008
18
annual_report
gb_prudential-AR_2000
223
Funds Flow The table opposite provides details of the holding company funds flow.
13
annual_report
5003
656
Our international and structured finance insurance portfolio is principally operated through MBIA Corp. The financial guarantees issued by MBIA Corp. generally provide unconditional and irrevocable guarantees of the payment of the principal of, and interest or other amounts owing on, non-U.S. public finance and global ...
190
10K
CNPAssurancesSA-AR_2019
334
CNP Assurances I Registered office: 4, place Raoul–Dautry – 75716 Paris Cedex 15 I Tel.: +33 (0)1 42 18 88 88 I www.cnp.fr
23
annual_report
917
1,331
Difficult market conditions and intense price competition within many markets of the commercial sector are likely to continue into the foreseeable future. The combined effects of excess capital, decreasing demand and new forms of competition have particularly impacted the mid-to-large commercial accounts markets over t...
185
10K
StandardLifeAberdeenPLC-AR_2015
4,032
The standard rate of UK corporation tax for the accounting period is 20.25% (2014: 21.5%). The UK tax rate will reduce to 19% from 1 April 2017 and 18% from 1 April 2020. These future rate changes have been taken into account in the calculation of the UK deferred tax balance at 31 December 2015.
55
annual_report
SwissReAG-AR_2010
1,096
In 2010, the company issued 2 985 shares from conditional capital for employee participation purposes.
15
annual_report
NatixisSA-AR_2016
5,332
Natixis has a material interest and if they are material to the power over these activities. Such SPEs are consolidated once to manage operating property and non-operating property. The Natixis controls a certain number of vehicles whose purpose isa sources of returns for shareholders. Natixis generally has relevant ac...
97
annual_report
StorebrandASA-AR_2019
563
13.1 We strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in our operations and in our investments.
20
annual_report
PowszechnyZakladUbezpieczenSA-AR_2016
3,241
On 8 December 2016 PZU and PFR concluded an agreement with UniCredit S.p. A. to purchase 32.8% Bank Pekao S.A.
20
annual_report
SwissLifeHoldingAG-AR_2020
3,565
We have obtained the cash flow projections based on financial budgets for the individual cash generating units approved by management and the board of directors. We challenged management as to the feasibility of reaching the cash flows.
37
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012
913
Senior bonds 82 82 Loss-bearing bonds 6 7 Subordinated bonds 12 11 1 Presentation essentially shows fixed-interest securities and loans at market value. The approximation is not fully comparable with the IFRS figures.
33
annual_report
3807
738
2007-Cash used in investing activities of $41.7 million during the year ended December 31, 2007 was primarily attributable to purchases of marketable securities of $54.3 million and capital expenditures of $1.8 million, partially offset by sales and maturities of marketable securities of $9.0 million and $5.5 million, ...
48
10K
3688
664
Reclassifications have been made to the 2007 and 2006 notes to consolidated financial statements to conform to the 2008 presentation.
20
10K
3564
1,254
The following table shows the realized (losses) gains for fixed and equity securities for the years ended December 31, 2007 and 2006.
22
10K
de_allianz-AR_2008
3,921
Sales and service revenues 1,936 375 — 22 2,333 Other operating revenues 21 — — — 21 Interest income 13 — — — 13
24
annual_report
3222
563
THE FOLLOWING DISCUSSION AND ANALYSIS OF OUR FINANCIAL CONDITION AND RESULTS OF OPERATIONS SHOULD BE READ IN CONJUNCTION WITH THE CONSOLIDATED FINANCIAL STATEMENTS AND THE ACCOMPANYING NOTES APPEARING ELSEWHERE IN THIS REPORT.
32
10K
HannoverRueckSE-AR_2015
926
The price / premium risk lies primarily in the possibility of a random claims realisation that diverges from the claims expectancy on which the premium calculation was based. Regular and independent reviews of the models used for treaty quotation as well as central and local underwriting guidelines are vital management...
76
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007
3,099
All information on risks arising from legal disputes can be found in the risk report.
15
annual_report
2958
951
Subject to the Replacement Capital Covenant, the Debentures may be redeemed in whole or in part, subject to minimum amounts outstanding, at any time, on or after December 15, 2016, at the cash redemption price of 100% of the principal amount of the Debentures to be redeemed, plus accrued and
50
10K
5598
1,733
On January 1, 2010, benefits under the Principal Pension Plan were frozen for certain participants. The nonqualified plan was amended January 1, 2019, to change the basis for determining lump sums. This gave rise to a total prior service benefit of $6.4 million as of December 31, 2018. The qualified plan and agent nonq...
110
10K
5560
623
2018 vs 2017. The increase in net investment income in 2018 from 2017 primarily reflects higher dividend income primarily resulting from an increase in the size of our equity securities portfolio during the first three quarters of 2018 and, to a lesser extent, an increase in interest income primarily resulting from hig...
70
10K
RSAInsuranceGroupPLC-AR_2019
3,158
Weighted average number of ordinary shares in issue (thousands) 1,030,648 1,026,040
11
annual_report
ScorSE-AR_2014
3,088
 Senior management pension obligations (Article 39): The valuation of the reserve for senior management pension obligations is based on the following actuarial assumptions: - Discount rate: 2.06%, defined with respect to high quality long-term corporate bonds with duration in line with the duration of the obligations ...
48
annual_report
2793
262
See Notes 1 and 7 to the accompanying consolidated financial statements for a further discussion of policy reserves and reinsurance transactions.
21
10K
2419
899
As of December 31, 2004 and 2003, the Company had committed approximately $104 million and $154 million to future capital calls from various third-party limited partnership investments in exchange for an ownership interest in the related partnerships.
37
10K
4079
992
We have audited the accompanying consolidated balance sheets of First Mercury Financial Corporation and Subsidiaries as of December 31, 2009 and 2008 and the related consolidated statements of income, stockholders’ equity and cash flows for each of the three years in the period ended December 31, 2009. In connection wi...
98
10K
fr_axa-AR_2001
5,091
f • Item 18 (partie 1) (V5) 1/07/02 11:40 Page F-111 Philippe Jobs Phil 1:JOBS 1:AXA:04-587-COB 2001:COB (US):
18
annual_report
3551
802
We have audited the accompanying consolidated balance sheets of National Interstate Corporation and subsidiaries as of December 31, 2007 and 2006, and the related consolidated statements of income, shareholders’ equity and cash flows for each of the three years in the period ended December 31, 2007. Our audits also inc...
88
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2004
2,215
In the case of 100% achievement of objectives (annual bonus, medium-term incentive plan) and a 35% share price increase (long-term incentive plan), the weightings of the individual components are as follows: basic remuneration approx. 33%, annual bonus approx. 29%, medium-term incentive plan approx. 14%, and long-term ...
48
annual_report
2619
1,116
Berkshire’s reportable business segments are organized in a manner that reflects how management views those business activities. Certain businesses have been grouped together for segment reporting based upon similar products or product lines, marketing, selling and distribution characteristics, even though those busine...
56
10K
AdmiralGroupPLC-AR_2015
601
Stay ahead of the competition – in particular maintaining a material combined ratio advantage. This means underwriting profitable business and pricing effectively for risk, providing great customer service and maintaining a cost-conscious culture.
33
annual_report
4466
4,280
Analysis of revenues Total revenues increased 18.6% or $838 million in 2011 compared to 2010 due to net realized capital gains in the current year compared to net realized capital losses in the prior year and higher premiums and contract charges, partially offset by lower net investment income. Total revenues decreased...
80
10K
StandardLifeAberdeenPLC-AR_2015
3,061
Greater than 20 years Total 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 2015 2014 £m £m £m £m £m £m £m £m £m £m £m £m £m £m Shareholder business Non-participating investment contract liabilities 4 4 - - - - - - - - - - 4 4
53
annual_report
RaiffeisenBankInternationalAG-AR_2017
2,576
2016 Nominal amount by maturity Fair values in € thousand Up to 1 year More than 1 year, up to 5 years More than 5 years Total Positive Negative
29
annual_report
3245
1,133
The Company’s 2006 and 2005 consolidated balance sheets include the following financial instruments: cash and cash equivalents, accounts receivable, investment securities, restricted investments, accounts payable, medical claims liabilities, and long-term debt. The carrying amounts of accounts receivable, accounts paya...
106
10K
2241
1,686
This table shows the changes in our P&C loss and LAE reserves for 2003, 2002 and 2001. We record changes in estimated reserves in our Consolidated Statements of Income (Loss) the same year we make the change.
37
10K
de_allianz-AR_2008
1,699
A substantial portion of the Property-Casualty segment’s non-diversified internal actuarial risk capital is assigned to our operating entities in Germany, Italy, France and the U.S.
25
annual_report
AvivaPLC-AR_2014
4,830
Year ended 31 December 2013 Net cash from operating activities Total net cash from operating activities increased by £408 million to a £4,018 million inflow in 2013 (2012 restated: £3,610 million inflow). The increase was primarily due to an increase in operating cash flows in US Life prior to disposal, partly offset b...
57
annual_report
4922
1,793
$104 million was drawn on the line of credit. The interest rate charged on our borrowings on this credit agreement ranged from 1.15 percent to 1.30 percent during 2014 and ranged from 1.30 percent to 1.35 percent during 2013.
39
10K
5353
1,531
(2) Those GMWBL policyholders who have elected systematic withdrawals are assumed to continue taking withdrawals. As a percent of policies, approximately 40% are taking systematic withdrawals. The Company assumes that at least 85% of all policies will begin systematic withdrawals either immediately or after a delay per...
223
10K
4782
4,379
The Company may refinance commercial mortgage loans prior to contractual maturity as a means of originating new loans that meet the Company's underwriting and pricing parameters. The Company refinanced loans with outstanding balances of $10.6 million and $31.6 million during the years ended December 31, 2013 and Decemb...
51
10K
4756
1,527
Our U.S. Mortgage Insurance segment decreased $313 million primarily driven by a decline in new delinquencies and improvements in net cures and aging on existing delinquencies in 2013. Overall
29
10K
5030
698
Goodwill impairment testing is a two-step process performed on a reporting unit basis. As determined in the step 1 analysis, if the fair value of the reporting unit exceeds its carrying value, goodwill is not deemed impaired. If the fair value of a reporting unit is less than its carrying value, the second step of the ...
171
10K
gb_prudential-AR_2009
1,610
Section F: Income statement notes 226 F1: Segmental information 228 F2: Revenue 229 F3: Acquisition costs and other operating expenditure 230 F4: Finance costs: Interest on core structural borrowings of shareholder-financed operations 230 F5: Tax 235 F6: Allocation of investment return between policyholders and shareho...
61
annual_report
4900
1,269
There were no premium deficiencies for any of the reported years, as the sum of the anticipated losses and loss expenses, unamortized acquisition costs, policyholder dividends, and other expenses for Standard Commercial Lines, Standard Personal Lines, and E&S Lines did not exceed the related unearned premium and antici...
113
10K
INGGroepNV-AR_2002
703
The measures will eliminate backlogs and improve the quality of both front-office and back-office services.
15
annual_report
2920
1,383
The primary drivers of growth in 2005 in our insurance lines of business and net premiums written were the development of our relationships with insurance and reinsurance brokers and the development of our specialty insurance lines of business, including Syndicate 4000. Traditionally, many reinsurance contracts are ent...
169
10K
BaloiseHoldingLtd-AR_2007
617
Business environment risks and operational and strategic risks are recorded individually using standardised procedures and we evaluate their eff ect on the capital.
23
annual_report
de_allianz-AR_2004
2,661
Changes in the provisions for restructuring for Dresdner Bank AG for the year ended December 31, 2004: ¤mn ¤mn ¤mn
20
annual_report
4655
1,915
subsidiary of Berkshire Hathaway has assumed the credit risk under the terms of the Loss Portfolio Transfer as discussed in Note 8.
22
10K
3016
1,542
Net Realized Investment Gain (Loss) for the three months ended March 31, 2006, June 30, 2006, September 30, 2006 and December 31, 2006 includes non-cash realized losses of $0.7 million, $0.6 million, $5.7 million, and $1.8 million, respectively, as a result of impairment evaluations.
44
10K
2358
865
Disposition of investments occurs for a number of reasons (See Item 8, Consolidated Statements of Cash Flows, Page 75):
19
10K
RaiffeisenBankInternationalAG-AR_2017
205
AO Raiffeisenbank, Russia, Chairman (from 22 May 2017, previously Deputy Chairman) Raiffeisen Bank Polska S.A., Poland, Chairman (from 10 March 2017, previously member) Raiffeisen Bank S.A., Romania, Chairman (from 25 April 2017, previously member) Tatra banka, a.s., Slovakia, member Raiffeisenbank a.s., Czech Republic...
44
annual_report
5658
1,998
Upon adoption of this guidance, net unrealized investment gains on equity securities of $70 million, net of deferred income taxes of $13 million, were reclassified from accumulated other comprehensive income to retained earnings.
33
10K
5340
5,174
Legacy Life Insurance Run-Off Lines - include whole life, long term care and exited Accident & Health product lines. Also includes certain structured settlement, terminal funding and single premium immediate annuities written prior to April 2012.
36
10K