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
PosteItalianeSpA-AR_2020
458
Poste Italiane has signed agreements with a large network of retail outlets (over 37 thousand at 31 December 2020). The main types of agreements entered into are listed below.: z Proximity networks: partners that enable their local points of presence to offer Poste Italiane services to consumers (e.g.: tobacconists to ...
165
annual_report
SwissReAG-AR_1999
627
Swiss Re, Zurich, performs a dual role within the Swiss Re Group as both a reinsurance and a holding company. Around 27% of the total gross premium income of the Swiss Re Group is attributable to business acquired directly by Swiss Re, Zurich. An assessment of the market position, profitability and financial strength o...
65
annual_report
5570
556
Investment in technology. We continue to develop and invest in our technology platform to drive scalability, adaptability, and efficiency in both the Corporate Channel and Franchise Channel. We believe our significant proprietary investment in our technology is a key competitive advantage that supports our growth rate ...
49
10K
gb_prudential-AR_2001
75
Keith Bedell-Pearce retired from the Board at the end of the year. Keith had been with Prudential for almost 30 years and he made an enormous contribution to the development of the Company. I have personally appreciated his wise counsel since I joined the Board.
45
annual_report
1097
449
The following table sets forth information about the Registrant's other principal properties:
12
10K
StandardLifeAberdeenPLC-AR_2020
973
• The skills of the External audit team and their compliance with auditor independence requirements, the approved audit plan, the quality of the firm’s execution of the audit, and the agreed audit and non-audit fees
35
annual_report
210
365
INCOME TAX EXPENSE totaled $85.4 million in 1995, $74.7 million in 1994 and $57.0 million in 1993, representing effective tax rates of 31% in all three years. These tax rates reflect the favorable impact of certain affordable housing tax credits.
40
10K
5165
828
Likewise, the Company is sometimes named as a cross-defendant in litigation, which is principally directed against an insured who was issued a policy of insurance directly or indirectly through the Company. Incidental actions related to disputes concerning the issuance or non-issuance of individual policies are sometim...
112
10K
5899
1,089
The following table presents the estimated future amortization expense related to other intangible assets as of December 31, 2020:
19
10K
ScorSE-AR_2019
1,081
2.1.3.8. Negative disclosures about members of the Board of Directors and the Executive Committee
14
annual_report
2241
1,515
Loss frequency in 2003 was lower in all areas - fire, theft and other perils. Our frequency fell by 28% in 2003 and 19% in 2002.
26
10K
5677
310
The locations where Allstate exclusive agencies and exclusive financial specialists operate in the U.S. are normally leased by the agencies and financial specialists.
23
10K
1147
297
Year ended December 31 ---------------------- 1999 1998 1997 ---- ---- ---- Fixed maturities $5,752,154 $5,463,418 $4,694,838 Equity securities 1,380 8,095 48,960 Short-term investments 238,017 260,725 253,053 --------- --------- --------- Total investment income 5,991,551 5,732,238 4,996,851 Less investment expenses 6...
53
10K
5869
1,777
The assumptions used in these projections required the use of significant management judgment. If management's assessment changed in the future, the Company may have ultimately recorded a loss after having originally concluded that the decline in value was temporary.
39
10K
4030
1,526
No contractual provisions exist that could create, increase or accelerate those obligations presented. The amount presented includes contractual principal payments and interest based on rates in effect at December 31, 2009.
31
10K
fr_axa-AR_2010
121
AXA determines its dividend policy on the basis of its adjusted earnings minus interest charges on undated debt, and, in each of the past several years, with the exception of 2009, AXA
32
annual_report
1837
246
Loss and loss adjustment expenses: Vesta has recorded liabilities for loss and loss adjustment expenses of $281.0 million at December 31, 2001. Vesta maintains property-casualty loss reserves to cover the estimated ultimate unpaid liability for losses and loss adjustment expenses with respect to reported and unreported...
185
10K
4931
526
The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects of this uncertainty on the recoverability or classification of recorded asset amounts or the amounts or classification of liabilities.
35
10K
3072
1,037
The assumed health care cost trend rates have a significant effect on the amounts reported for the postretirement plan. A one percentage point change in assumed health care cost trend rates would have the following effects for the year ended December 31, 2006:
43
10K
HelvetiaHoldingAG-AR_2014
1,908
Realised gains and losses on financial instruments and investment property – 213.0 – 21.5
14
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006
919
Although premium showed a downturn in our major segment, aviation reinsurance, we maintained our overall premium volume by expanding specific growth areas and launching new products. Gross premiums written show a reduction merely because the previous year’s figure benefited from a one-off effect.
43
annual_report
DirectLineInsuranceGroupPLC-AR_2017
757
Biography Mike is Managing Director, Personal Lines. He joined Direct Line in 2014 and has over 10 years’ insurance industry experience. Under his leadership, the Personal Lines division has delivered strong growth, improved profitability and strengthened its competitive position. This has been achieved through a stron...
124
annual_report
3181
1,488
The Company, through its agent, lends certain portfolio holdings and in turn receives cash collateral. The cash collateral is invested in high-quality short-term investments. The Company’s policy requires a minimum of 102% of the fair value of the securities loaned to be maintained as collateral. Net returns on the inv...
114
10K
3459
1,457
Personal and commercial liability umbrella policies are reinsured on a 95% quota share basis in regard to limits up to $1,000 and 100% quota share basis for limits in excess of $1,000 but not exceeding $5,000 for policies with underlying automobile coverage of $250/$500 or more. We also have personal liability umbrella...
97
10K
4150
793
The Company worked with an independent valuation firm to determine the fair value of the indefinite lived intangible assets related to the 2010 acquisition, which include trademarks. The impairment test performed in 2010 did not result in impairment of these assets.
41
10K
5605
9,163
White Mountains reported income tax benefit of $33 million in 2016 on pre-tax loss from continuing operations of $147 million. White Mountains’s effective tax rate was different from the 2016 U.S. federal statutory rate of 35% primarily due to a full valuation allowance on all of the net deferred tax assets at U.S. ope...
171
10K
2222
735
According to an A.M. Best Company report dated June 6, 2003, Fremont executed a letter of oversight with the Department on November 27, 2000, which provided the Department with certain oversight privileges in return for allowing Fremont to discount its workers' compensation loss and allocated loss adjustment expense re...
119
10K
5851
6,941
• approximately $770 million in net outflows from the issuance and repayment of long-term debt;
15
10K
PosteItalianeSpA-AR_2019
3,310
� Poste Italiane’s sustainability strategy �Work with transparency and integrity � Companies assessed for risks related to corruption and percentage of operations audited for risks related to corruption � Reports managed by the Whistleblowing Committee � Anti-competitive practices � Specific training on procedures and ...
56
annual_report
StandardLifeAberdeenPLC-AR_2018
827
In view of the corporate transformation over the last two years, the business remains well positioned to benefit from the trends which are shaping the investment landscape. However, there remains unavoidable uncertainty due to Brexit, and in particular, a no-deal Brexit. The Group has well established plans for an orde...
118
annual_report
TrygAS-AR_2004
1,533
Note 10 Shareholders’ equity Share capital Balance 1 January 1,700 1,300 Capital increase 0 400
15
annual_report
5610
997
In December 2018, the IRS released its guidance for determining the Tax Act transition adjustment related to the discounting of loss reserves. During the period ended December 31, 2018, the Company recorded an increase in its deferred tax assets and a corresponding increase in its deferred tax liabilities as a result o...
85
10K
PhoenixGroupHoldingsPLC-AR_2017
3,919
PGH’s eligible Own Funds to cover MCR is £5.3 billion (2016: £5.2 billion) leaving an excess of eligible Own Funds over MCR of £4.1 billion (2016: £4.0 billion), which translates to an MCR coverage ratio of 448% (2016: 409%).
39
annual_report
RSAInsuranceGroupPLC-AR_2017
1,774
– Cash bonuses may be bought out with Restricted Shares in order to give the Director an early ‘stake’ in RSA. – The Committee may agree to reduce the value of the compensatory award below the anticipated or actual loss value if the compensation is paid at an advanced date (i.e. early settlement).
53
annual_report
StorebrandASA-AR_2004
479
The Control Committee is entitled to use the resources of the internal audit function as and when required.
18
annual_report
ch_zurich_insurance_group-AR_2011
1,941
Other governments and supra-nationals 34,350 33,226 1,553 923 (1,303) (855) 34,600 33,294
12
annual_report
fr_axa-AR_2011
1,496
Investment margin increased by €26 million (+10%) to €288 million mainly driven by higher investment income
16
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2010
1,759
in 2003, munich Reinsurance company established a contractual trust agreement in the form of a two-way trust for its unfunded company pension obligations. to finance these obligations, it is necessary for the trust assets to correspond to the present value of pension obligations. in the process, however, account has to...
109
annual_report
508
310
The Company's primary business segments are cyclical in nature, with the spring and summer months historically being the strongest. However, interest rate adjustments by the Federal Reserve Board, as well as other economic factors, can cause unusual fluctuations in the Company's quarterly operating results. See Managem...
64
10K
TopdanmarkAS-AR_2016
193
The number of Topdanmark shares was 95,000,000 at 10 February 2017, of which Topdanmark’s holding of own shares was 8,695,000. If, contrary to expectations, no further shares are bought back before the Annual General Meeting on 4 April 2017, the number of voting shares will be 86,305,000.
47
annual_report
4124
692
Loss reserves are established to account for the estimated ultimate costs of losses and loss expenses for claims that have been reported but not yet settled and claims that have been incurred but not reported.
35
10K
LloydsBankingGroupPLC-AR_2006
1,057
In addition, the following unfunded benefits have accrued for Mr van den Bergh instead of a salary increase in 2002: The disclosures in columns (a) to (d) are as required by the Companies Act 1985 Schedule 7A.
37
annual_report
1817
471
Other operating expenses consist of facilities expenses, postage and courier services, computer services, professional services, advertising expense, general insurance, provision for claim losses, trade and note receivable allowances, depreciation and amortization expense and interest expense.
35
10K
4811
3,060
The fair value of Stock Options is estimated on the date of grant using a binomial lattice model. Significant assumptions used in MetLife, Inc.’s binomial lattice model are further described below. The assumptions include: expected volatility of the price of Shares; risk-free rate of return; dividend yield on Shares; e...
56
10K
fr_axa-AR_2002
93
Shareholders At AXA, we seek to satisfy our shareholders by achieving operating performance that ranks among the best in the industry, and by furnishing complete and accurate financial information.
29
annual_report
5470
277
Gross written premiums at American Southern increased $2.0 million, or 3.6%, during 2017 as compared to 2016. The increase in gross written premiums was primarily attributable to an increase in automobile liability written premiums from existing programs. Also contributing to the increase in gross written premiums were...
62
10K
5600
1,259
(1) See the Results of Operations section of this MD&A for the Company's definition of amortized hedge costs.
18
10K
5446
714
As disclosed in Note 15 “Fair Value Measurements and Financial Instruments” of the Notes to Consolidated Financial Statements, the majority of our investments carried at fair value are money market funds. These money market funds are held throughout the world with various financial institutions. We are not aware of any...
63
10K
CNPAssurancesSA-AR_2013
407
No.1 in 2013, Caixa seguros was named Best Brazilian insurer for human resources management by the Epoca Negocios 360° following a benchmarking survey of best practices in 250 companies.
29
annual_report
NatixisSA-AR_2006
4,917
Variable income securities valued on a listed market (listed securities) or using another valuation method (unlisted securities valued on the basis of price-earnings ratio or discounted cash fl ows) break down as follows: 8.1.1.1 - Variable income securities at fair value through profit and loss
45
annual_report
ScorSE-AR_2019
2,727
Gain from bargain purchase (Badwill) 26 2Step acquisition – P&L gain/(loss)
11
annual_report
PowszechnyZakladUbezpieczenSA-AR_2018
1,051
In 2018 one of the main innovative projects in Link4 was the deployment of Robotic Process Automation, i.e. RPA technology. This solution imitates human work and is capable in simple tasks of fully assisting employees in their daily tasks. That means employees can do more interesting and more development-focused tasks ...
57
annual_report
2742
1,159
Reinsurance does not discharge or diminish the primary liability to insureds of the companies as direct insurers. However, it does permit the companies to recover losses from the reinsurer. To the extent that reinsuring companies are unable to meet obligations arising under reinsuring agreements, the Company would rema...
49
10K
5071
1,368
During 2015, we repurchased approximately 182 million shares of AIG Common Stock for an aggregate purchase price of approximately $10.7 billion pursuant to this authorization. The total number of shares of AIG Common Stock repurchased in 2015 includes (but the aggregate purchase price does not include) approximately 3....
100
10K
2801
876
As of December 31, 2005, both Federated National and American Vehicle were in compliance with all regulatory requirements. However, as a result of the hurricanes striking Florida in August and September 2004, we were technically not in compliance with certain regulatory requirements. To retain our certificates of autho...
257
10K
RaiffeisenBankInternationalAG-AR_2007
382
Вирази: Бажаємо приємного перебування. Дуже дякую! Ось, будь ласка. Як забажаєте. Зробіть ласку ...
14
annual_report
5218
1,062
In 2016, total large losses incurred increased by $24 million, or 14 percent, net of reinsurance. The corresponding ratio increased 0.7 percentage points. The 2016 increases on both a dollar and ratio basis were primarily due to higher amounts for our commercial casualty and commercial property lines of business. In 20...
148
10K
INGGroepNV-AR_2015
7,810
2 We achieved our target of reaching 1 million children through UNICEF education programmes in 2005-2015. We are now supporting a new UNICEF programme, Power for Youth, that aims to empower 335,000 adolescents by 2018. Progress on this is not included in this table and will be reported on our website.
51
annual_report
4370
1,781
Additionally, ILFC recorded impairment charges, fair value adjustments and lease-related charges of $1.7 billion in each of 2011 and 2010. The impairment charges in 2011 resulted from unfavorable trends affecting the residual values of certain aircraft types. In monitoring the aircraft in ILFC's fleet for impairment ch...
210
10K
1653
406
Benefits, Claims and Settlement Expenses. Benefits, claims and settlement expenses decreased $1.3 million, or 17%, from $7.6 million for the year ended December 31, 2000 to $6.3 million for the same period in 2001. The decrease was primarily associated with better mortality experience in the current period, which resul...
106
10K
4645
918
During 2012, the Company granted restricted stock awards to certain executive officers and employees in connection with their service to the Company. The terms of the Company’s restricted stock grants include both service and market-based conditions. The fair value of the awards with market-based conditions is determin...
99
10K
NatwestGroupPLC-AR_2020
1,243
Climate risk is the risk of financial loss or adverse non-financial impacts associated with climate change and the political, economic and environmental responses to it.
25
annual_report
ScorSE-AR_2017
3,988
Ordinary Shareholders’ Meetings are required for matters such as the election, replacement and removal of directors, the appointment of Statutory Auditors, the approval of the annual report prepared by the Board of Directors and of the annual accounts and the distribution of dividends. The Board of Directors is require...
113
annual_report
1593
373
Certain amounts in the 1999 and 1998 consolidated financial statements have been reclassified to conform to the 2000 financial statement presentation.
21
10K
AegonNV-AR_2001
886
Change in provision for claims Gross 238 –171 Reinsurers’ share –134 212
12
annual_report
4671
1,940
The percentage of claims unpaid at December 31, 2012 for each accident year reflects both the speed at which claims and claim expenses for each accident year have been paid and our estimate of claims and claim expenses for that accident year. As seen above, claims and claim expenses for the 2006 and prior accident year...
266
10K
3866
1,086
As commercial lines markets have grown more competitive over the past several years, we have focused on leveraging our local relationships as well as the efforts of our agents and the teams that work with them. In this environment, we have been careful to maintain appropriate pricing discipline for both new and renewal
53
10K
1020
349
Interest Credited -- Products in this category credit interest to policyholders, subject to market conditions and minimum guarantees. Policyholders may surrender at book value but are subject to surrender charges for an initial period. Product examples include universal life contracts and the general account portion of...
57
10K
LloydsBankingGroupPLC-AR_2002
1,377
•These securities constitute interests in European Financial Institution Investments Partnership, an English law general partnership in which the principal partner is Langbourn Holdings Limited, a wholly owned subsidiary of the Group. The minority interests are entitled to 90 per cent of the partnership’s profits. In t...
68
annual_report
5287
1,022
At December 31, 2016 and 2015, we did not have any off-balance sheet arrangements.
14
10K
de_allianz-AR_2010
436
3. Equity-related remuneration (long-term): consists of virtual shares, known as Restricted Stock Units (RSU). Annual achievement of targets is the basis for the initial grant value. The longer-term performance of the Group is reflected in the Allianz stock price evolution over the four-year vesting period. Payout occu...
50
annual_report
4719
947
The amendments in this Update are to be applied prospectively. For public entities, the amendments are effective during interim and annual periods beginning after December 15, 2011. Early application by public entities is not permitted. The adoption of this ASU did not have a material effect on the Company’s consolidat...
52
10K
RSAInsuranceGroupPLC-AR_2017
1,725
Vested shares must be retained until the relevant shareholding level is reached, excluding any sold to satisfy statutory deductions. The applicable shareholding levels are detailed on page 92.
28
annual_report
fr_axa-AR_2008
3,300
Currency Translation Differences AXA elected the option to reset to zero all past cumulative currency translation differences for all foreign operations as of January 1, 2004.
26
annual_report
4880
960
Basis of Presentation. We prepare our financial statements in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). These principles are established primarily by the Financial Accounting Standards Board (“FASB”). The preparation of financial statements in conformity with U.S. GAAP requires us to ...
86
10K
AegonNV-AR_2015
1,395
Japan: Aegon Sony Life and SARe Aegon Sony Life reinsures 100% of its guarantees on variable annuities to SARe. SARe has a comprehensive hedging program in place that covers the major risk dimensions. Execution of this hedging program is outsourced to Aegon USA Investment
44
annual_report
PosteItalianeSpA-AR_2020
10,786
Ø Lastly, the Board of Statutory Auditors met on several occasions the Risk Management function, which reported periodically on the monitoring and development of BancoPosta significant risks. In keeping with the Group’s new money laundering risk management model, as already mentioned above, from 2018, the Head of Risk ...
66
annual_report
5694
593
Unpaid losses and LAE totaled $760,357,000 and $661,203,000 as of December 31, 2019 and 2018, respectively. The balance has increased year over year as a result of increased reserves for both weather-related and non weather-related activity during 2019 compared to 2018. In addition, during the year ended December 31, 2...
76
10K
AegonNV-AR_2019
7,954
The consolidated financial statements comprise:  the consolidated statement of financial position as at December 31, 2019;  the following statements for 2019: the consolidated income statement, consolidated statement of comprehensive income, consolidated statement of changes in equity and consolidated cash flow state...
61
annual_report
881
655
UTI and FCC established a deferred compensation plan during 1993 pursuant to which an officer or agent of FCC, UTI or affiliates of UTI, could defer a portion of their income over the next two and one-half years in return for a deferred compensation payment payable at the end of seven years in the amount equal to the t...
189
10K
2515
461
Losses and loss adjustment expenses. We establish loss and loss adjustment expense reserves in an amount equal to our estimate of the ultimate liability for claims under our insurance policies and the cost of adjusting and settling those claims. Our provision for loss and loss adjustment expense reserves in any period,...
71
10K
3827
1,722
Net losses and loss expenses. Net losses and loss expenses increased by $76.5 million, or 72.4%, for the year ended December 31, 2008 compared to the year ended December 31, 2007. The increase in net losses and loss expenses was primarily the result of increased storm activity during 2008 partially offset by higher net...
99
10K
1872
1,197
Other expenses decreased 54% to $0.5 million for the year ended December 31, 2002 from $1.0 million for the year ended December 31, 2001. The decline in other expenses is due to our adoption of FAS 142. In accordance with FAS 142, we ceased the amortization of goodwill and indefinite lived intangible assets during the ...
59
10K
5811
1,049
At December 31, 2020, the cumulative number of reported claims for the Government Business was 225, 241 and 236 for the claim years 2018 and prior, 2019 and 2020, respectively.
30
10K
de_allianz-AR_2006
94
An important area of our advisory and supervisory activity was themerger of the Italian Allianz subsidiary RAS Holding S.p.A. (RAS) into Allianz AG and the necessary preparations for this. We discussed and checked all this in our meetings in March, May and September on the basis of verbal reports from the Management Bo...
152
annual_report
2155
749
Merrill Lynch Life’s investment in collateralized mortgage obligations (“CMO”) and mortgage backed securities (“MBS”) had a carrying value of $20.3 million and $41.3 million at December 31, 2003 and 2002, respectively. At December 31, 2003, approximately 94% of Merrill Lynch Life’s CMO and MBS holdings were fully colla...
133
10K
4230
1,635
Historically, adjusted operating income included the net impact of both the change in fair value of the embedded derivative liabilities associated with our living benefit features and the change in fair value of the related derivative hedge positions, as well as the related impact to the amortization of deferred policy...
184
10K
865
290
MAMSI Life and Health Insurance Company ("MAMSI Life") develops and markets indemnity health products and group life, accidental death and short-term disability insurance.
23
10K
814
190
Additionally in the Program division, the Company changed its strategies within its Workers' Compensation underwriting activities during 1996. In 1995 and previous years, the Company had followed a strategy of depopulating assigned risk pools through the application of intensive case management techniques with risks wh...
188
10K
4591
1,045
Plan investments are exposed to stock market, interest rate, and credit risk. Concentrations of these risks are generally limited due to diversification by investment style within each asset class, diversification by investment manager, diversification by industry sectors and issuers, and the dispersion of investments ...
48
10K
AvivaPLC-AR_2020
5,088
2 Product governance and mis-selling costs, previously included within other costs, have been presented as a discrete item in the reconciliation in order to improve transparency.
26
annual_report
INGGroepNV-AR_2013
3,839
In November 2012, ING Insurance restructured the IABF to effectively delink ING Insurance US from the IABF. ING Insurance US transferred its Dutch State receivable of approximately EUR 1.1 billion (USD 1.4 billion) to ING Bank, and at the same time transferred legal title to 80% of the Alt-A portfolio to ING Bank. The ...
162
annual_report
NatixisSA-AR_2020
3,216
Financial assets at fair value through other comprehensive income 13,194 13,194 13,194 - 526 - -
16
annual_report
Sampoplc-AR_2012
1,361
Mandatum Life parent company total 8.8 1,419 1,192 2,162 1,464 1,118 630 885
13
annual_report
gb_prudential-AR_2018
7,482
Risk�discount�rate 4.7 4.0 Pre-tax�expected�15-year�nominal�rates�of�investment�return note (c) 3.1 2.6 With-profits and other business: Risk�discount�rate: note (b)
15
annual_report
5652
543
Total costs of providing services were $7.7 billion for the year ended December 31, 2018, compared to $7.7 billion for the year ended December 31, 2017, an increase of $18 million. Total costs of providing services were $7.7 billion for the year ended December 31, 2017, compared to $7.5 billion for the year ended Decem...
69
10K
5674
520
contracts that would be accounted for as derivative instruments. We have no obligations, including contingent obligations, arising out of a variable interest in an unconsolidated entity held by, and material to, us, where such entity provides financing, liquidity, market risk or credit risk support to, or engages in le...
83
10K
4014
2,517
As of December 31, 2009 and 2008, the Company's net mortgage guaranty insurance in force (representing the current principal balance of all mortgage loans currently reinsured) was approximately $0.4 billion, and net risk in force was approximately $0.4 billion. These amounts are not included in the above table.
48
10K
4033
567
revenues on a constant dollar basis of 15.4%. International Operations revenues before reimbursements by major region were as follows:
19
10K
1610
289
In addition, Gallagher has a non-employee directors' stock option plan which currently authorizes 940,000 shares for grant, with Discretionary Options granted at the direction of the Option Committee and Retainer Options granted in lieu of the directors' annual retainer. Discretionary Options shall be exercisable at su...
120
10K