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 |
|---|---|---|---|---|
TrygAS-AR_2010 | 116 | This position is based on good products, high customer satisfaction and stronger collaboration between operations and sales. | 17 | annual_report |
fr_axa-AR_2015 | 2,785 | as UK Banking Chief Operating Offi cer. In December 2005, she became Chief Executive of UK Retail and Business Banking | 20 | annual_report |
SwissReAG-AR_2019 | 4,814 | The Groupʼs debt as of 31 December was as follows: Senior financial debt 235 Subordinated financial debt 637 Contingent capital instruments classified as financial debt 761 185 | 27 | annual_report |
5494 | 630 | REVENUES OF CONSOLIDATED VIEs For 2017, total revenues of consolidated VIEs were $185 million compared with $31 million for 2016 and $128 million for 2015. The increase in revenues of consolidated VIEs for 2017 compared with 2016 was primarily the result of gains related to changes in the fair value of assets within certain VIEs. Fair value gains related to assets were mostly driven by higher collateral values resulting from changes in estimated cash flows. The decrease in revenues of consolidated VIEs for 2016 compared with 2015 was primarily due to a decrease in net investment income due to the deconsolidation of VIEs and lower mark-to-market gains on assets of consolidated VIEs. We elected to record at fair value certain instruments that are consolidated under accounting guidance for consolidation of VIEs, and as such, changes in fair value are reflected in earnings. | 142 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2020 | 2,537 | 25 February 2021 Balance sheet media conference for 2020 consolidated financial statements (preliminary figures) | 14 | annual_report |
3010 | 1,434 | In September 2004, we placed our stock repurchase program on hold, primarily as a result of Moody’s and S&P having downgraded our non-credit-enhanced, senior unsecured long-term debt rating to below investment grade. Our Board of Directors had previously authorized us to repurchase up to $450 million of our common stock under the stock repurchase program. | 55 | 10K |
5278 | 913 | In June 2016, RGA issued 3.95% Senior Notes due September 15, 2026 with a face amount of $400.0 million and 5.75% Fixed-To-Floating Rate Subordinated Debentures due June 15, 2056 with a face amount of $400.0 million. These securities have been registered with the Securities and Exchange Commission. The net proceeds from these offerings were approximately $791.2 million and will be used in part to repay upon maturity the Company’s $300.0 million 5.625% senior notes that mature in March 2017. The remainder will be used for general corporate purposes. Capitalized issue costs were approximately $8.8 million. | 95 | 10K |
3411 | 848 | • Cancellations, which reduce the size of the in force book of insurance that generates premiums. Cancellations due to refinancings are affected by the level of current mortgage interest rates compared to the mortgage coupon rates throughout the in force book, as well as by current home values compared to values when the loans in the in force book became insured. | 61 | 10K |
2387 | 1,642 | Field Specialization Model - We have created two separate underwriting units - one for our core small business and one for our mid-market business. We expect that this new approach, the “field specialization model,” will increase efficiency and underwriting accuracy and reduce underwriting expenses due to the automation of many of our underwriting processes and the use of multi-variate models. Implemented in 2004, this model has increased productivity while reducing underwriting staff expenses. | 73 | 10K |
3286 | 811 | We paid down the balance of $19,956 on December 8, 2005, and had no amounts outstanding on our credit facility at December 31, 2007, 2006 and 2005. The credit facility commitment fee included in interest expenses was computed at a rate of 0.25% on the $30,000 commitment at December 31, 2007 and 2006. | 53 | 10K |
StorebrandASA-AR_2014 | 619 | The Nomination Committee is tasked with proposing candidates and fees for the Board of Representatives, Control Committee and Nomination Committee, through recommendations to the General Meeting, and proposing candidates and fees for the Board of Directors, through recommendations to the Board of Representatives. The Nomination Committee for Storebrand ASA is also the nomination committee for the group companies Storebrand Livsforsikring AS, Storebrand Bank ASA and Storebrand Boligkreditt AS. | 68 | annual_report |
2964 | 1,026 | The 2004 variance of $473.0 million and variance to total incurred medical claims, as reported of 3.1% are impacted by having only one month of total incurred as reported for WHN during 2004 and a full development of WHN activity in the retrospective basis amount. The adjusted variance would be approximately $136.5 million and the variance to total incurred would be approximately 1.0% if the impact of WHN is removed. | 70 | 10K |
1883 | 784 | The average annual rental obligations for these facilities for the next five years is approximately $43.0 million. We believe that these facilities will be sufficient to meet our needs for the foreseeable future. | 33 | 10K |
5525 | 817 | Short-Tail Business: For short-tail business, claims are typically settled within five years, and the most common actuarial estimates are based on development method projections of incurred losses, paid losses, claim counts and claim severities. Each of these methods is described in the "Losses and Loss Expenses Payable" section of "Critical Accounting Policies" included in Item 7 of this Form 10-K. Separate projections are made for catastrophes that are in the very early stages of development based on specific information known through the reporting date. | 84 | 10K |
712 | 246 | Foremost among these systems is LNRM's patented Life Underwriting System, a state-of-the-art risk management technology now licensed to more than 50 insurers. Other proprietary systems assist health insurers, claims processors and agents. Datalliance [registered trademark] is an electronic data interchange that can link agents, insurers, information sources, medical labs and reinsurers. | 51 | 10K |
1439 | 339 | CORE recorded non-recurring charges of $2,601,000 during 2000, as a result of realignment activities within its service lines and administrative functions. The charges primarily relate to workforce reductions in the WorkAbility program in the first and third quarters of 2000 and costs to relocate the WorkAbility data center from the East Coast to the West Coast. | 56 | 10K |
3474 | 371 | We estimate our income tax expense based on the best information available to us at year end. This income tax expense includes a provision for those income taxes that are currently payable, as well as a provision for the deferred impact of certain deductible and taxable temporary differences. In the months subsequent to the calendar year end, we prepare and file our income tax returns and evaluate any differences between the provisions we recorded in the previous year and the actual amounts per the filed tax returns. These “return to provision” differences are recorded as adjustments to income tax expense in the period in which they are identified. Additional federal income tax expense of $42,000, $10,000 and $3,000 was recorded in 2007, 2006 and 2005, respectively, for return to provision differences identified related to the tax years ended December 31, 2006, 2005 and 2004, respectively. | 145 | 10K |
3227 | 1,253 | The Group had the following Trust Preferred Securities outstanding as of December 31, 2006: | 14 | 10K |
3552 | 1,344 | While XLCA is currently solvent, it would be an event of default under most of the CDS contracts insured by XLCA if XLCA should become insolvent or placed into rehabilitation, receivership, liquidation or other similar proceedings by a regulator. If there were an event of default or termination event under the CDS contracts guaranteed by XLCA, as a result of XLCA’s insolvency or otherwise, while the event of default or determination event continued, in certain cases the holders of these CDS contracts may have the right to terminate the CDS contracts and to obtain a termination payment XLCA, based on the market value of the CDS contracts at the time of termination. Under current market conditions this would result in a substantially liability to XLCA, which would be in excess of its ability to pay. | 135 | 10K |
gb_prudential-AR_2015 | 2,010 | The Committee has the authority to apply a malus adjustment to all, or a portion of, an outstanding award in specific circumstances. For 2015 and future awards, the Committee also has the power to recover all, or a portion of, amounts already paid in specific circumstances and within a defined timeframe (clawback). | 52 | annual_report |
4652 | 3,018 | The following table sets forth information related to the Company’s investments in operating joint ventures as of and for the years ended December 31: | 24 | 10K |
ASRNederlandNV-AR_2019 | 583 | a.s.r. is actively implementing technological solutions to control tax risks, for example by means of data analysis. a.s.r. has also completed the implementation of a new financial system in 2019, in which financial consolidation and reporting, tax accounting and the corporate income tax return have been integrated. | 47 | annual_report |
2775 | 640 | 5.8% decrease in reinsurance intermediary fees to $688,000 in 2005, compared to $730,000 in 2004 due to the reduction in the quota share treaty ceding percentages. Claims administration revenue increased by 4.0% to $4.3 million in 2005 as compared to $4.1 million in 2004. Premiums produced during 2005 on business subject to the renewal rights agreement with OneBeacon amounted to $5.1 million compared to $0.8 million in 2004. New business produced through former OneBeacon producers that we appointed in connection with the renewal rights transaction amounted to $1.5 million in 2005 compared to $0.7 million in 2004. | 97 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2015 | 864 | ◦ On 25 November 2015, a resolution was passed to raise the Gamma share capital by issuing 7,423 shares with nominal value of PLN 50 per share. All shares were acquired by PZU FIZ AN BIS 2 and the capital raise was registered on 2 December 2015. Resulting from the issue, the share of PZU Group in the CM Gamma share capital and shareholder votes rose to 60.46%. | 68 | annual_report |
gb_prudential-AR_2019 | 1,957 | However, the accelerated completion of the demerger meant it was considered appropriate to bring this timing forward. | 17 | annual_report |
5850 | 883 | The accompanying consolidated financial statements include the accounts of Brighthouse Life Insurance Company and its subsidiaries, as well as partnerships and limited liability companies (“LLCs”) that the Company controls. Intercompany accounts and transactions have been eliminated. | 36 | 10K |
4463 | 1,035 | Accumulated other comprehensive income as of December 31, 2011 and 2010 was as follows: | 14 | 10K |
1658 | 518 | A summary of Torchmark's stock option activity and related information for the years ended December 31, 2001, 2000, and 1999 follows: | 21 | 10K |
2464 | 872 | Since the group life and accidental death and dismemberment products are primarily sold in conjunction with group income protection, the more focused renewal effort in group income protection may reduce persistency somewhat in the group life line as well. Persistency may also be negatively impacted by a more focused renewal effort on the stand-alone large-employer market group life business sold during 2000 through 2002 as well as the highly competitive group life marketplace. The Company expects that persistency rates in 2005 for its U.S. group life business will be approximately 74 to 76 percent. | 94 | 10K |
NatwestGroupPLC-AR_2011 | 957 | Staff costs - redundancy 201 — 274 (349) 126 Staff costs - other 17 (1) 82 (58) 40 Premises and equipment 117 — 156 (107) 166 Other administrative expenses 46 (2) 276 (210) 110 381 (3) 788 (724) 442 | 39 | annual_report |
5754 | 660 | We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal controls over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. | 109 | 10K |
SwissReAG-AR_2012 | 1,536 | Professional experience Jean-Jacques Henchoz started his career in 1988 at the Swiss Federal Department of Economic Affairs and the European Bank for Reconstruction and Development. JeanJacques joined Swiss Re in 1998 and worked in several underwriting roles in the Europe Division until becoming Head of Strategy for Property & Casualty in 2003. From 2005 until 2010, he was Chief Executive Officer of Swiss Re Canada. Jean-Jacques assumed leadership of the Europe Division in March 2011. He was appointed Chief Executive Officer EMEA, Regional President EMEA and member of the Group Executive Committee in January 2012. | 95 | annual_report |
588 | 552 | - - -------- (1) Includes net (depreciation) appreciation on other investments, net of deferred federal income taxes and minority interest of $(1.4) million, $2.3 million and $1.0 million in 1996, 1995 and 1994, respectively. | 34 | 10K |
RSAInsuranceGroupPLC-AR_2012 | 1,724 | Additional fee for sitting on one or more Committees in a capacity other than Chairman | 15 | annual_report |
5145 | 891 | Given our growth during 2015, we believe that a quarter-over-quarter comparison of net premiums written is more meaningful than comparing net premiums written year-over-year. For the quarter ended December 31, 2015, we had net premiums written of $45.6 million and net premiums earned of $16.9 million, compared to net premiums written of $35.4 million and net premiums earned of $12.8 million for the quarter ended September 30, 2015. For the quarter ended December 31, 2015, we had net monthly premiums written and earned of $9.6 million compared to $7.3 million for the third quarter of 2015. | 96 | 10K |
5309 | 935 | See Note 15 to the Consolidated Financial Statements for assumptions and methods used to estimate pension liabilities. | 17 | 10K |
4859 | 733 | Operating income in 2014 was $824 million, $14 million or 2% lower than operating income of $838 million in 2013. The decrease in operating income primarily reflected the pretax impacts of (i) an increase in catastrophe losses, (ii) lower net favorable prior year reserve development and (iii) a decline in other revenues, partially offset by (iv) higher underlying underwriting margins and (v) higher net investment income. Catastrophe losses in 2014 and 2013 were $336 million and $250 million, respectively. Net favorable prior year reserve development in 2014 and 2013 was $169 million and $209 million, respectively. The improvement in underlying underwriting margins primarily reflected (i) earned pricing that exceeded loss cost trends and (ii) the benefit of the Company's previously announced expense reduction initiatives, partially offset by (iii) the impact of a higher mix of new business versus renewal business. Income tax expense in 2014 was level with 2013. The higher effective tax rate in 2014 than in 2013 primarily resulted from the impact of a $5 million reduction in income tax expense in 2013 due to the resolution of prior year tax matters. | 184 | 10K |
3922 | 906 | criteria are considered during this process including, but not limited to, the following: the current fair value as compared to amortized cost or cost, as appropriate, of the security; the length of time the security’s fair value has been below amortized cost; the Company’s intent and ability to retain the investment for a period of time sufficient to allow for an anticipated recovery in value within a reasonable time period; specific credit issues related to the issuer; and current economic conditions. | 81 | 10K |
de_allianz-AR_2007 | 2,266 | As of December 31, 2007 Up to 3 months > 3 months up to 1 year > 1 year up to 3 years > 3 years up to 5 years | 30 | annual_report |
5043 | 706 | The 2014 variance to total net incurred medical claims, as reported of 0.5% was greater in absolute value than the 2013 percentage of (0.1)%. The higher 2014 variance was driven by a higher level of prior year redundancies in 2015 associated with 2014 claim payments. Prior year redundancies in 2013 associated with 2012 claim payments were lower by comparison, thus creating a lower 2013 variance. | 65 | 10K |
5658 | 939 | increasing our presence at Lloyd's of London ("Lloyd's") achieved through our acquisition of Novae Group plc ("Novae") in 2017 which provides us with access to Lloyd's worldwide licenses and an extensive distribution network; | 33 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2020 | 304 | Risk report 88 Risk governance and risk management system 88 Significant risks 88 Solvency ratio under Solvency II 96 Other risks 96 Summary 98 | 24 | annual_report |
1589 | 542 | Excess of cost over net assets acquired is amortized on a straight-line basis over seven years. The Company assesses the recoverability of this intangible asset by determining whether the amortization of the balance over its remaining life can be recovered through the undiscounted future operating cash flows of the acquired operation. Accumulated amortization totaled $2,728 and $1,956 at December 31, 2000 and 1999, respectively. | 64 | 10K |
5859 | 906 | Excess casualty underwrites excess liability over risks that would fit within the general casualty, construction, products liability and small business divisions. Coverage is written over the Company's primary liability policies as well as those of other insurers. This division also writes excess liability over primary commercial auto liability policies written by other carriers. | 53 | 10K |
HannoverRueckSE-AR_2011 | 1,186 | Unrealised losses on our asset holdings measured at fair value through profit or loss amounted to EUR 38.8 million, after | 20 | annual_report |
StorebrandASA-AR_2006 | 1,322 | Goodwill is not appreciated, but is tested annually for impairment. If the relevant discounted cash flow is lower than the book value, goodwill is written down to fair value. Write-downs of goodwill are never reversed, even if there is information in future periods that the impairment no longer exists or is of a lesser amount. Gains or losses on the sales of companies in the group include the goodwill related to the company in question | 75 | annual_report |
gb_lloyds_banking_grp-AR_2012 | 4,104 | Financial services compensation scheme levy (note 53) 175 179 46 depreciation and amortisation: depreciation of tangible fixed assets (note 31) 1,431 1,434 1,635 | 23 | annual_report |
RaiffeisenBankInternationalAG-AR_2008 | 2,250 | The following table shows the credit exposure per rating class for financial institutions (including offbalance sheet exposure but excluding central banks) in thousands of euros: The rating distribution of financial institutions shows a further increase in the rating class A3 (increasing from 64 to 68 per cent). This is caused by the fact that most banking institutions in developed markets (including RZB AG) have this rating assigned. The number and exposure of unrated financial institutions is below 2 per cent. This exposure is mainly due to short-term loans to small banks, where the rating process has not been completed yet. | 100 | annual_report |
fr_axa-AR_2006 | 4,858 | Tax losses generated in the year but not recognized 18 11 35 | 12 | annual_report |
4928 | 1,005 | During the years ended December 31, 2014 and 2013 the Company recognized $33.7 million and $8.7 million of amortization expense from intangible assets acquired in the Restat acquisition, respectively. | 29 | 10K |
gb_prudential-AR_2018 | 1,332 | Evolving our ESG-focused investment product offering We continued to add to our ESG-focused investment product offering over 2018, in light of increasing interest and demand from customers. M&GPrudential launched two new retail funds in 2018, the M&G Positive Impact Fund and the M&G Sustainable Multi Asset Fund, both employing a structured approach to ESG integration and both investing in companies that are aligned with the United Nations Sustainable Development Goals. | 70 | annual_report |
NatwestGroupPLC-AR_2017 | 5,373 | RBS Property Ventures Investments Ltd BF FC 24/25 St Andrew Square, Edinburgh, EH2 1AF, Scotland | 15 | annual_report |
5488 | 920 | Although we are responsible for the determination of the fair value of our financial assets and the supporting methodologies and assumptions, we employ third-party valuation service providers to gather, analyze and interpret market information and derive fair values based upon relevant methodologies and assumptions for individual instruments. When those providers are unable to obtain sufficient market observable information upon which to estimate the fair value for a particular security, fair value is determined either by requesting a quote, which is generally non-binding, from brokers who are knowledgeable about these securities or by employing widely accepted internal valuation models. | 98 | 10K |
4749 | 735 | On July 1, 2013, Care Inc. completed a transaction with Tiptree Financial Partners, L.P. (TFP) in which Care Inc. contributed substantially all of its assets to Operating Company in exchange for common units in Operating Company representing an approximately 25% interest in Operating Company, and TFP contributed substantially all of its assets (excluding shares of Tiptree’s Class A Common Stock owned by TFP) to Operating Company in exchange for common units in Operating Company representing an approximately 75% interest in Operating Company and the same number of shares of Tiptree’s newly classified Class B Common Stock (Contribution Transactions). | 98 | 10K |
SwissReAG-AR_2018 | 4,021 | Share ownership The number of shares held as of 31 December were: Members of the Group EC 2017 2018 | 19 | annual_report |
4779 | 2,091 | The sum of the estimated cash flows shown for all years of $294.0 billion exceeds the liability amount of $212.9 billion included on the consolidated balance sheets principally due to (i) the time value of money, which accounts for a substantial portion of the difference; (ii) differences in assumptions, between the date the liabilities were initially established and the current date; and (iii) liabilities related to accounting conventions, or which are not contractually due, which are excluded. | 77 | 10K |
4029 | 818 | StanCorp Mortgage Investors, LLC (“StanCorp Mortgage Investors”) originated $718.5 million, $1.37 billion and $1.45 billion of commercial mortgage loans for 2009, 2008 and 2007, respectively. The decrease in originations for 2009 was primarily due to a reduction in demand from quality borrowers in the current credit environment and lower purchase and sale activity in the commercial real estate market. The decrease in originations for 2008 was due to reduced demand in the fourth quarter of 2008 from borrowers because of higher interest rates. While originations decreased from 2007, originations for 2008 were still strong due to overall favorable interest rate conditions accompanied by increased demand for fixed-rate commercial mortgage loans. The strong originations also reflected a less competitive origination market, partially due to decreased competition from securitized lenders. Commercial mortgage loans managed for other investors increased 2.5% from December 31, 2008 to December 31, 2009, and 33.0% from December 31, 2007 to December 31, 2008. | 155 | 10K |
LloydsBankingGroupPLC-AR_2002 | 1,200 | The principal group undertakings, all of which have prepared accounts to 31 December and whose results are included in the consolidated accounts of Lloyds TSB Group plc, are: Percentage of equity share Country of capital registration / and voting incorporation rights held Nature of business | 45 | annual_report |
fr_axa-AR_2017 | 6,638 | AXA shall present the Vigilance Plan for stakeholder input to the French employee representatives, and further intends to promote dialogue over this Vigilance Plan with AXA employees, shareholders, investors, business partners as well as public institutions, international organisations and community groups. | 41 | annual_report |
5519 | 446 | For 2018, insurance premiums and contract charges earned increased compared to 2017, primarily due to increases in average premium per policy for both property and automobile. For 2017, insurance premiums and contract charges earned increased compared to 2016 for the same reason. | 42 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2015 | 635 | PZU Group cooperated with 8 banks and 6 strategic partners in the scope of protective property insurance in 2015. The partners of PZU Group are the leaders in their fields and have customer bases with great potential to expand the offer with successive bancassurance and strategic partnership products: • the cooperation in the scope of strategic partnerships concerned mainly the companies operating in telecommunications and energy, which were used to offer insurance of electronic equipment and assistance services; • the sales of protective non-life insurance in the scope of the bancassurance channel covered mainly the insurance of buildings, structures, residences, and insurance dedicated for payment cards. | 106 | annual_report |
AegonNV-AR_2008 | 4,448 | NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS OF AEGON GROUP | NOTE 55 | 12 | annual_report |
187 | 378 | The Company leases approximately 1,429 square feet of office space in an office building in Houston, Texas, under a lease expiring in August 1998 at a monthly rental of $1,548, at which medical malpractice insurance agency operations are performed. | 39 | 10K |
gb_prudential-AR_2010 | 1,152 | Michael Wells (Mike) has been an executive director of Prudential since January 2011 when he succeeded Clark Manning as President and CEO of Jackson National Life Insurance Company (Jackson). Mike has served in a variety of senior and strategic positions at Jackson over the last 15 years, including President of Jackson National Life Distributors. Mike has been Vice Chairman and Chief Operating Officer of Jackson for the last nine years. During this period he has led the development of Jackson’s highly profitable variable annuity business and been responsible for IT, strategy, operations, communications, distributions, Curian and the retail broker dealers. Age 50. | 102 | annual_report |
de_allianz-AR_2003 | 3,691 | Subsidiaries are enterprises where the parent company can exercise a dominant influence over their corporate strategy in accordance with the control concept. This is possible, for example, where the parent Group holds, directly or indirectly, a majority of the voting rights, has the power to appoint or remove a majority of the members of the Board of Management or equivalent governing body, or where there are contractual rights of control. | 70 | annual_report |
NatixisSA-AR_2020 | 488 | In 2020, Corporate & Investment Banking continued to implement the objectives of the New Dimension strategic plan (2018-2020), targets aimed at achieving the following goals: to be recognized as a bank that offers innovative solutions and to become a benchmark bank in four strategic sectors (energy transition, aerospace, infrastructure, real estate and hospitality/tourism). | 53 | annual_report |
RaiffeisenBankInternationalAG-AR_2011 | 930 | Return on equity after tax 26.4% 22.1% 4.3 PP 39.6% 29.9% 9.7 PP | 13 | annual_report |
PhoenixGroupHoldingsPLC-AR_2013 | 813 | The chart below shows how the membership of the Board has evolved. The UK Corporate Governance Code states that independent Non-Executive Directors should comprise at least half the Board, excluding the Chairman. | 32 | annual_report |
5349 | 2,604 | The favorable (unfavorable) effects of PLICO's statutory surplus, compared to NAIC statutory surplus, from the use of this prescribed practices was as follows: | 23 | 10K |
gb_lloyds_banking_grp-AR_2018 | 1,914 | Operational resilience is one of the Group’s most important non-financial risks. Key focus in 2018 has been to enhance the existing approach to operational resilience and strengthen the control environment, to improve the Group’s ability to respond to incidents and continue delivering key services to our customers. | 47 | annual_report |
2365 | 866 | 38 - A N N U A L R E P O R T 2 0 0 4 | 18 | 10K |
2583 | 947 | In the normal course of business, we seek to limit our loss exposure on any single insured or to certain groups of policies by ceding reinsurance to other insurance enterprises. We currently retain no more than $.8 million of mortality risk on any one policy. We diversify the risk of reinsurance loss by using a number of reinsurers that have strong claims-paying ratings. In each case, the ceding Conseco subsidiary is contingently liable for claims reinsured if the assuming company is unable to pay. The likelihood of a material loss being incurred as a result of the failure of one of our reinsurers is considered remote. The cost of reinsurance is recognized over the life of the reinsured policies using assumptions consistent with those used to account for the underlying policy. The cost of reinsurance ceded totaled $255.2 million in 2004; $92.1 million in the four months ended December 31, 2003; $196.4 million in the eight months ended August 31, 2003; and $327.8 million in 2002. We deduct this cost from insurance policy income. Reinsurance recoveries netted against insurance policy benefits totaled $281.8 million in 2004; $94.3 million in the four months ended December 31, 2003; $199.2 million in the eight months ended August 31, 2003; and $323.6 million in 2002. | 211 | 10K |
2824 | 1,497 | Leveraged leases, included in other invested assets, consisted of the following: | 11 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2018 | 1,568 | Reductions Acquisition of shares for retirement (share buy-back programme) –5,462,053 –5,643,062 | 11 | annual_report |
AvivaPLC-AR_2018 | 911 | Executive Chairman, non-Executive Chairman, and Group Chief Executive Officer Consistent with the Board Terms of Reference and those of the Chairman’s Committee while it operated, and separately with the Senior Insurance Managers Regime (SIMR), there are role profiles for the Non-Executive Chairman, Executive Chairman (when appointed), and the Group CEO which set out the duties of each role. The Non-Executive Chairman’s priority is to lead the Board, monitor the Group’s culture and ensure its effectiveness. The priority of the Group CEO and the interim Executive Chairman is the management of the Group. The Board has delegated the day-to-day running of the Group to the Group CEO or the interim Executive Chairman within certain limits, above which matters must be escalated to the Board for determination. Summaries of the role profiles for the Chairman, Executive Chairman, SID, Group CEO and NEDs are available on the Company’s website at www.aviva.com/about-us/roles. | 148 | annual_report |
5903 | 1,723 | (2)As of both December 31, 2020 and December 31, 2019, there were no gross unrealized losses on public fixed maturities and private fixed maturities considered to be other than high or highest quality. | 33 | 10K |
BaloiseHoldingLtd-AR_2013 | 566 | Karin Keller-Sutter (1963, Switzerland) holds a university degree in translation and conference interpreting and has a postgraduate qualification in education� In 1996 she was elected to St� Gallen’s cantonal parliament and became Chairwoman of the FDP (the Swiss Liberal Party) for the canton of St�Gallen before being elected to St� Gallen’s cantonal governing council in 2000� She was in charge of the security and justice department until May 2012 and chaired the Governing Council in 2006/2007 and again in 2011/2012� She was elected to the Council of States – the upper chamber of the Swiss parliament – in the autumn of 2011� Ms� Keller-Sutter sits on the Boards of Directors at the NZZ media group and Pensimo Fondsleitung AG� She is also a member of the Board of Directors at the ASGA | 132 | annual_report |
SwissReAG-AR_1905 | 5 | PREMIUM RESERVE Life (incl. Annuity Fund) Frs. 19,626,989. — Fire, Marine, Accident and Burglary „ 4,646,964. — | 17 | annual_report |
1483 | 680 | 14. NEW ACCOUNTING STANDARDS The FASB has issued SFAS 138 entitled, Accounting for Derivative Instruments and Hedging Activities, as an amendment to SFAS 133 of the same title, SFAS 139 entitled, Rescission of FASB Statement No. 53 (Financial Reporting by Producers and Distributors of Motion Picture Films) and amendments to FASB Statements No. 63, 89, and 121, and SFAS 140 entitled, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, which is a replacement of SFAS 125 of the same title. The adoption of Statements of Financial Accounting Standards No. 138, 139 and 140, did not affect the Company’s financial position or results of operations, since the Company has no derivative or hedging type investments, and has not had any transactions relating to the above mentioned pronouncements. | 130 | 10K |
de_allianz-AR_2008 | 1,089 | – Oldenburgische Landesbank and banking customers introduced by Allianz tied agents are included. | 13 | annual_report |
AegonNV-AR_2004 | 2,720 | Amounts paid in cash in 2004 for income taxes totaled EUR 187 million (2003: EUR 365 million and 2002: EUR 31 1 million). | 23 | annual_report |
3306 | 643 | In December 2007, the Financial Accounting Standards Board (“FASB”) issued SFAS No. 141 (revised 2007) “Business Combinations” (“SFAS 141(R)”). SFAS 141(R) establishes principles and requirements for how an acquirer recognizes and measures the identifiable assets acquired, the liabilities assumed, any noncontrolling interest in an acquiree, and goodwill acquired. SFAS 141(R) also requires an acquirer to disclose information about the financial effects of a business combination. SFAS 141(R) is effective prospectively for business combinations with an acquisition date on or after the beginning of the first annual reporting period beginning on or after December 15, 2008, with early adoption prohibited. RiverSource Life will apply the standard to any business combinations within the scope of SFAS 141(R) occurring after December 31, 2008. | 120 | 10K |
5893 | 445 | Fees received under marketing support and distribution services arrangements are recognized as revenue when earned. | 15 | 10K |
1963 | 1,103 | Mortgage loans typically remain in the Trust until they are processed through the foreclosure claim process, are paid off or reinstated. Mortgage loans that reinstate are no longer eligible to remain in the Trust and are required to be removed at fair market value by us at the monthly settlement date following reinstatement. | 53 | 10K |
StandardLifeAberdeenPLC-AR_2016 | 2,954 | Total assets measured at fair value based on level 2 or 3 inputs 682 769 - (3) 682 766 | 19 | annual_report |
3141 | 1,301 | Net premiums written and earned increased in 2005 as compared with 2004 due to growth primarily in the North American pro-rata and catastrophe classes. The most significant increase was in the property pro-rata class where we increased our net premiums written in catastrophe exposed business in Florida. Net premiums written and earned in 2005 also included additional premiums of approximately $45,409,000 and $42,624,000, respectively, from reinsurance contracts that incurred losses arising from the 2005 Hurricanes. Net premiums written and earned in 2004 included approximately $16,198,000 of additional premiums resulting from losses arising from the 2004 Hurricanes. Net premiums written and earned in 2005 also included $2,685,000 of additional net premiums relating to unfavorable loss development on the 2004 Hurricanes. There were no significant premium changes relating to loss development in 2004. | 131 | 10K |
SwissReAG-AR_1990 | 845 | Net premium: Insurance premium after deduction of the ceded premium (^ cession) or reinsurance pre mium after deduction of the retroceded premium (^ retrocession). | 25 | annual_report |
fr_axa-AR_2011 | 10,082 | Ratu Plaza offi ce Building 2nd Floor, Jl.Jend Sudirman N°9 - JAKARTA - Indonesia | 14 | annual_report |
ScorSE-AR_2019 | 2,512 | (1) Cash related to the acquisition of the capital voting rights of Coriolis, see Note 3. – Acquisitions and disposals. (2) Cash related to the acquisition of the capital voting rights of MutRé and Essor Seguros, see Note 3. – Acquisitions and disposals. (3) Cash related to the acquisition of 80% of the capital and voting rights of Château Mondot, see Note 3. – Acquisitions and disposals. (4) Partial disposal of Asefa in 2018 for EUR 4 million (EUR 3 million in 2017). | 83 | annual_report |
4732 | 1,207 | The Metropolitan and MCCI transactions provide us with components of a successful integrated care delivery model that has demonstrated scalability to new markets. A substantial portion of the revenues for both Metropolitan and MCCI are derived from services provided to Humana Medicare Advantage members under capitation contracts with our health plans. In addition, Metropolitan and MCCI provide services to Medicare Advantage and Medicaid members under capitation contracts with third party health plans. Under these capitation agreements with Humana and third party health plans, Metropolitan and MCCI assume financial risk associated with these Medicare Advantage and Medicaid members. | 97 | 10K |
NatixisSA-AR_2003 | 753 | In France, enhancement of the product offer and the launch of a new credit insurance business in partnership with Coface will strengthen Natexis Factorem's position in the receivables management market. | 30 | annual_report |
fr_axa-AR_2011 | 5,521 | NOTE 32 Subsequent events 402 4.7 REPORT OF THE STATUTORY AUDITORS 403 | 12 | annual_report |
4390 | 754 | For property policies underwritten by our Rockhill specialty insurance unit, we maintain a property catastrophe excess of loss reinsurance agreement covering catastrophe related events affecting at least two risks. | 29 | 10K |
2884 | 1,126 | Each quarter, we review invested assets with material unrealized losses. Those assets are separated into two categories: | 17 | 10K |
AegonNV-AR_2013 | 622 | Fidelity, ING, John Hancock, and Principal Financial. In the single premium group annuity market, Aegon USA’s main competitors are John Hancock, Mass Mutual, MetLife, Mutual of Omaha, and | 28 | annual_report |
NatixisSA-AR_2007 | 6,910 | (in € millions) Note Dec. 31, 2007 Dec. 31, 2006 8.8.2.2.1 Restatement day one P&L | 15 | annual_report |
AssicurazioniGeneraliSpA-AR_2017 | 556 | As regards the Generali Employee Benefits units, the reinsurance contribution from both the Companies of the Group and outside the Group, shows an underwriting result of 25,767 thousand (23,360 thousand in the previous year) against a slight decline in the gross premium collection of 2,198 thousand (from 1,036,200 thousand to 1,034,002 thousand). | 52 | annual_report |
2949 | 1,236 | In November 2004, the Company issued 9.2 million of 6.5% Series D cumulative redeemable preferred shares (Series D preferred shares) for a total consideration of $222.3 million after underwriting discounts and commissions totaling $7.7 million. The Series D preferred shares cannot be redeemed before November 15, 2009. Beginning November 15, 2009, the Company may redeem the Series D preferred shares at $25.00 per share plus accrued and unpaid dividends without interest. Dividends on the Series D preferred shares are cumulative from the date of issuance and are payable quarterly in arrears. A portion of the net proceeds from the sale, in the amount of $124.8 million, was used to repurchase common shares under the accelerated share repurchase agreement. The remaining net proceeds were used for general corporate purposes. In the event of liquidation of the Company, the holders of outstanding preferred shares would have preference over the common shareholders and would receive a distribution of $25.00 per share, or an aggregate value of $230 million, plus accrued dividends. | 168 | 10K |
5504 | 1,210 | Future policy benefits payable include liabilities for long-duration insurance policies including long-term care, life insurance, annuities, and certain health and other supplemental policies sold to individuals for which some of the premium received in the earlier years is intended to pay anticipated benefits to be incurred in future years. At policy issuance, these reserves are recognized on a net level premium method based on interest rates, mortality, morbidity, and maintenance expense assumptions. Interest rates are based on our expected net investment returns on the investment portfolio supporting the reserves for these blocks of business. Mortality, a measure of expected death, and morbidity, a measure of health status, assumptions are based on industry actuarial tables, modified based upon actual experience. Changes in estimates of these reserves are recognized as an adjustment to benefits expense in the period the changes occur. We perform loss recognition tests at least annually in the fourth quarter, and more frequently if adverse events or changes in circumstances indicate that the level of the liability, together with the present value of future gross premiums, may not be adequate to provide for future expected policy benefits and maintenance costs. During 2016, we recorded a loss for a premium deficiency as discussed further in Note 18. | 207 | 10K |
5034 | 2,151 | In January 2016, the FASB issued an accounting standards update concerning the accounting for financial instruments. The guidance retains the basic existing framework for accounting for financial instruments under GAAP, while achieving limited convergence with IFRS in this area. The guidance: (1) requires equity investments (except consolidated entities and those accounted for under the equity method of accounting) to be measured at fair value with changes in fair value recognized in net income; (2) simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; (3) eliminates the requirement to disclose the fair value of financial instruments measured at amortized cost for non-public business entities; (4) eliminates the requirement to disclose the method(s) and significant assumptions used to estimate the fair value of financial instruments measured at amortized cost on the balance sheet; (5) requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; (6) requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial statements; (7) requires separate presentation of financial assets and financial liabilities by measurement category and form of asset in the financial statements; and (8) clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available for sale securities in combination with the entity's other deferred tax assets. The guidance will be effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted at the beginning of the fiscal year of adoption only, and should be applied by means of a cumulative effect adjustment to the balance sheet as of the beginning of the fiscal year of adoption, except the amendments related to impairment of equity securities without readily determinable fair values. The Company is currently evaluating the impact of this guidance, but it is expected to have an effect on results of operations as mark to market movements will prospectively impact net income. It is not expected to have a material impact on the Company's financial condition or cash flows. | 396 | 10K |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.