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
StorebrandASA-AR_2019
139
• We are a responsible employer. • Our processes and decisions are based on sustainability outcomes – from the board and management, who have the ultimate responsibility, to each employee who promotes sustainability in their respective business area.
38
annual_report
fr_axa-AR_2009
11,680
APPENDIX TO THE RESOLUTIONS: AMENDMENTS OF THE B YLAWS RELATED TO THE FIFTEENTH RESOLUTION
14
annual_report
3563
1,503
Net realized losses for the year ended December 31, 2006 of $15.9 million were generated primarily from an other than temporary impairment charge of $16.9 million.
26
10K
374
1,004
There can be no assurance as to the occurrence or degree of any future losses. As of December 31, 1996, outstanding advances totaled $18.3 million to the Company's general agencies and their agents.
33
10K
Sampoplc-AR_2012
1,173
Actuarial Function in If Group, as well as a preparatory and advisory body for the Chief Actuary. The committee shall secure a comprehensive view and effective control over reserve risk, as part of the risk management framework. The committee shall discuss and give recommendations regarding policies and guidelines of t...
62
annual_report
fr_axa-AR_2016
4,543
regulation . Following this procedure, the Group has implemented regular assessments to ensure that the persons who effectively run the Group and key function holders meet the following requirements both at appointment and on an on going basis: ■ appropriate competence and capability, taking into account professional q...
73
annual_report
4991
989
Additionally, upon termination of our producer agreement with Guarantee Insurance, we and Guarantee Insurance agreed that there would be no further adjustments to commission income associated with changes in total premium for the term of the policy. Accordingly, we did not maintain an allowance for estimated return com...
57
10K
3760
1,188
The Company recognized compensation expense for the leo options and performance shares of $5.3, $4.7, and $7.4, for the years ended December 31, 2008, 2007, and 2006, respectively.
28
10K
NatixisSA-AR_2020
5,304
Summary table of the main impacts of the COVID-19 health crisis1.4.4
11
annual_report
fr_axa-AR_2010
7,547
In 2009, the change in other reserves was due to the redemption of undated subordinated debt (€-151 million)
18
annual_report
CNPAssurancesSA-AR_2013
424
the grouP foCuses oN desigNiNg Cover thAt is both useful ANd AffordAble.
12
annual_report
BaloiseHoldingLtd-AR_2006
3,113
VORABDRUCKInvestment properties leased in connection with operating lease agreements are recognized in the consolidated balance sheet as
17
annual_report
RSAInsuranceGroupPLC-AR_2020
2,925
Total reinsurers’ share of provision for unearned premiums at 31 December 716 746
13
annual_report
5439
2,089
In June 2016, the FASB issued an update to the accounting standard regarding the measurement of credit losses on financial instruments. This update requires that financial assets measured at their amortized cost basis be presented at the net amount expected to be collected. Credit losses relating to available-for-sale ...
147
10K
4556
1,114
Catalyst entered into a purchase agreement on December 16, 2011, and made an initial capital contribution of $5.0 million to Script Relief LLC ("Script Relief"), a Delaware limited liability company, in exchange for a 19.9% ownership interest. On March 1, 2012, Catalyst made an additional $5.0 million capital contribut...
200
10K
3702
1,918
(1)Cumulative collateral losses expressed as a percentage of the original deal balance.
12
10K
INGGroepNV-AR_2008
592
This was achieved by all three working closely to leverage scale, investment expertise and best practices, in order to maximise cross-selling opportunities. An example of this was the successful distribution of ING’s European investment management Global Currency strategy in Japan in close cooperation with the investme...
60
annual_report
BaloiseHoldingLtd-AR_2005
441
Luxembourg The year 2005 was a successful one for Bâloise Luxembourg. It no less than doubled its previous year’s profit.
20
annual_report
1717
277
2001 compared to 2000 -- Revenues in 2001 were slightly lower than in 2000 principally as a result of a reduction in realized net capital gains. The difference between loss before income taxes recorded in 2001 and income before income taxes recorded in 2000 was due, in large part, to increased loss activity in the Lati...
64
10K
de_allianz-AR_2013
2,012
− For Life/Health insurance business and Property-Casualty insurance products with premium refunds, all items listed above are included in operating profit if the profit sources are shared with policyholders. This is also applicable to tax benefits, which are shared with policyholders. IFRS requires that the consolidat...
89
annual_report
4060
7,351
the Company’s ability to maintain its A- (“excellent”) pooled rating by A.M. Best
13
10K
4027
1,255
Net of taxes of $599.5, $(615.3) and $3.7 for the years ended December 31, 2009, 2008 and 2007, respectively.
19
10K
PosteItalianeSpA-AR_2018
4,586
External revenue from contracts with customers 3,504 320 3,388 10 - 7,222
12
annual_report
de_allianz-AR_2003
2,128
The Allianz Group discontinues hedge accounting when it is determined that the derivative is no longer highly effective, the derivative or the hedged item expires, or is sold, terminated or exercised, or when management determines that the designation of the derivative as a hedging instrument is no longer appropriate. ...
123
annual_report
NatwestGroupPLC-AR_2013
2,988
Sector and geographical regional analyses The table below details CRA by sector and geographical region. Sectors are based on the Group’s sector concentration framework. Geographical region is based on the location of the customer’s operations (or, in the case of individuals, location of residence).
44
annual_report
926
260
Other Revenue and Fees Other revenue and fees increased $103.8 million in 1998 and $18.9 million in 1997 as the result of increases in the volume of transactions in each of the business segments.
34
10K
SwissReAG-AR_2016
971
Swiss Re Admin Re Ltd (to be renamed Swiss Re ReAssure Ltd) established a capital markets funding platform with an inaugural EUR 750 million 7-year senior bond at an annual interest rate of 1.375%. The proceeds of this issuance were used to repay the bridge facility arranged for the Guardian acquisition.
51
annual_report
SwissReAG-AR_1990
883
­ Accident Insurance: Insurance of individuals (per­ sonal accident) or of groups (group accident) against the economic ̂ risks in the event of death or temporary or permanent disability.
29
annual_report
5136
779
• continued high level of litigation activity in certain jurisdictions involving individuals alleging serious asbestos-related illness, primarily involving mesothelioma claims;
20
10K
ch_zurich_insurance_group-AR_2009
971
Limitations of the analysis: The sensitivities show the effects of a change in certain risk factors, while other assumptions remain unchanged, • except where they are directly affected by the revised conditions.
32
annual_report
1772
497
The Mandatorily Exchangeable Debt Securities (MEDS) and Automatic Common Exchange Securities (ACES) are collectively referred to as Exchangeable Securities.
19
10K
AssicurazioniGeneraliSpA-AR_2016
2,982
Impairment losses 27 14 35 Expenses from other finncial instruments and land and buildings (investment properties)
16
annual_report
580
217
A year to year comparison of operating income can be significantly influenced by the catastrophe losses in any one year as well as the volatility from one year to the next in realized capital gains. Adjusting each year to exclude the effects of both catastrophe losses and realized capital gains, operating income would ...
130
10K
PosteItalianeSpA-AR_2020
1,071
2. Committee members were appointed by the Board of Directors’ meeting of 15 May 2020. 3. The Board of Statutory Auditors was elected by the Ordinary General Meeting of 28 May 2019 to serve for a period of three years and will remain in office until the General
48
annual_report
1924
359
Research and Development. The Company incurred approximately $1.6 million of expenses in 2001 related to research and development activities in connection with the creation of new products for the insurance industry, of which approximately $1.1 million were capitalized, resulting in net reported expenses of $0.5 millio...
81
10K
AssicurazioniGeneraliSpA-AR_2019
4,120
Fi na nc ia l l ia bi lit ie s at fa ir va lu e th ro ug h pr ofi t o r l os s 3, 2, 1, 1, 4, 4,
35
annual_report
4740
943
The Company enters into repurchase agreements in exchange for cash which it accounts for as secured borrowings. The Company has pledged Available-for-Sale securities consisting of agency residential mortgage backed securities and commercial mortgage backed securities to collateralize its obligation under the repurchase...
49
10K
CNPAssurancesSA-AR_2005
2,019
The consolidated financial statements of the CNP Group have been prepared in accordance with French Accounting Standards Committee (Comité de la Réglementation Comptable) standard CRC 2000-05 dealing with the consolidated financial statements of insurance companies, adopted by Government order dated 17 January 2001.
43
annual_report
Sampoplc-AR_2012
608
EUR 71 million (79). In addition, EUR 47 million has been reserved to lower the interest rate of all with-profit liabilities to 2.5 per cent in 2013 and to 3.25 per cent in 2014. All in all, Mandatum Life has increased its technical reserves with EUR 118 million (108) due to low level of interest rates.
56
annual_report
gb_prudential-AR_2012
2,601
Weighted average shares for calculation of diluted earnings per share 2,544 2,538
12
annual_report
1207
227
Total stockholders' equity at December 31, 1999 totaled $24.4 million, or $3.27 per share outstanding, as compared with total stockholders' equity at December 31, 1998 of $35.6 million, or $4.96 per share outstanding. During 1999 the Company issued 150,000 shares of common stock to its current Chairman of the Board and...
96
10K
NatwestGroupPLC-AR_2019
1,527
Following each meeting, a summary is provided to the Board and a subsequent follow-up call is held so that members of the CAP can hear how their views were shared and what happened as a result. Feedback has been very positive to date with members highlighting the variety of topics and good discussions with Board member...
71
annual_report
4556
760
Depreciation expense relates to property and equipment used in all areas of the Company except for those depreciable assets directly related to the generation of revenue, which is included in the cost of revenue in the consolidated statements of operations. Depreciation expense increased $10.0 million to $16.7 million ...
129
10K
3833
7,485
The following table shows AFG's net earnings and diluted earnings per share as stated in the Statement of Earnings as well as the after tax effect of other items included in these GAAP measures that are listed below to assist investors in analyzing their impact on the trend in operating results (in millions, except per...
57
10K
AssicurazioniGeneraliSpA-AR_2017
281
We will continue to be committed to our laser-like focus on customers and distributors with the introduction of specific, targeted innovations with clear added value.
25
annual_report
RaiffeisenBankInternationalAG-AR_2014
1,499
Cost of acquisition or conversion in € thousand As at 1/1/2014
11
annual_report
SwissReAG-AR_1981
469
H Vereinigte Eos-Isar Lebensversichierung AG DM 95 20,773 2,181,320 353,429 1 Salus Krankenhauskosten-Versicherungs-AG DM 100 8,790 96,145 38,427
18
annual_report
3607
3,278
In addition to commercial mortgage-backed securities, the company has whole loan commercial real estate investments. The carrying value of these investments was $5.4 billion and $3.3 billion as of December 31, 2007 and 2006, respectively. The Company’s mortgage loans are collateralized by a variety of commercial and ag...
95
10K
ASRNederlandNV-AR_2017
286
F Solvency The solvency position reflects the way a.s.r. can fulfil its short-term and long-term obligations and commitments to all its stakeholders. This is expressed by the ratio of available capital and solvency capital requirement (SCR ratio). a.s.r. has set limits and internal targets for the statutory framework a...
75
annual_report
1881
663
MORTALITY MARGIN, which represents premiums and cost of insurance charges less related policy benefits, declined $12 million to a negative margin of $14 million in 2002 compared to 2001, and decreased $7 million
33
10K
4032
2,063
The following tables present information relating to our financial guaranty reserves and LAE:
13
10K
1125
141
MORTGAGE LOANS: Mortgage loans represent 10.9% of the Companies' investment portfolio. Mortgages outstanding were $97.3 million at December 31, 1998 with an estimated fair value of $99.8 million. The Companies' mortgage loan portfolio includes 57 loans with an average size of $1.7 million and average seasoning of 0.9 y...
198
10K
5839
1,010
The Company uses the asset and liability method for calculating deferred federal income taxes. Income tax provisions are generally based on income reported for financial statement purposes. The provisions for federal income taxes for the years ended December 31, 2020, 2019 and 2018 included amounts currently payable an...
71
10K
5131
1,942
The activity related to share options exercised for the years ended December 31, 2015, 2014 and 2013 was as follows:
20
10K
5286
1,614
For our reinsurance transactions to date, we have recorded a deferred profit liability related to the reinsurance transactions. The remaining deferred profit liability of $870 million, as of December 31, 2016, included in future policy benefits in the consolidated balance sheet, is being amortized into income over the ...
148
10K
4068
2,051
Effective January 1, 2007, the Company adopted FASB Interpretation No. 48, “Accounting for Uncertainty in Income Taxes,” which was primarily codified into ASC740-10 - Income Taxes. This interpretation creates a two step approach for evaluation of uncertain tax positions. Recognition (step one) occurs when an enterprise...
160
10K
TopdanmarkAS-AR_2020
712
Provisions for unearned premiums at 31 December 1,849 1,590 Profit margin at 31 December 838 1,150 Provisions for unearned premiums and profit margin at 31 December 2,687 2,741
28
annual_report
5897
714
Pursuant to the terms of the workers’ compensation policies, Protective has a duty to adjust and pay claims arising under the policies regardless of whether PSG makes payments to Protective for deductible obligations under the policies. Under its contractual obligations to Protective, PSG is required to maintain a “los...
94
10K
2016
313
The information required by this Item 8 is incorporated by reference from pages 32 through 48 of Alleghany's Annual Report to Stockholders for the year 2002, filed as Exhibit 13 hereto.
31
10K
INGGroepNV-AR_2013
3,759
225ING Group Annual Report 2013 1 W h o w e are 2 R
14
annual_report
NNGroupNV-AR_2019
807
Processes within insurance underwriting Within our P&C insurance business, we manage physical climate risks in a number of ways. NN helps customers take precautionary measures, with the aim of preventing and minimising claims caused by windstorms, fire or other events. We monitor our claims experience, and reprice or a...
92
annual_report
fr_axa-AR_2012
108
(e) Individual shareholders who were residents of France for tax purposes were eligible for a tax relief of 40% on the dividend, i.e. €0.28 per share for fi scal year 2011.
31
annual_report
4592
9,804
•New Jersey Excess Catastrophe Reinsurance agreement, comprising three contracts, provides coverage for Allstate Protection personal lines property excess catastrophe losses for multiple perils in New Jersey. Two contracts, expiring May 31, 2014 and May 31, 2015, provide 31.66% of a $400 million limit excess of a $139 ...
142
10K
4139
530
The Retail Division’s total revenues in 2009 decreased $6.9 million to $583.4 million, a 1.2% decrease from 2008. Profit-sharing contingent commissions in 2009 decreased $6.0 million from 2008, primarily due to increased loss ratios resulting in lower profitability for insurance companies in 2008. Approximately $2.3 mi...
145
10K
SwissLifeHoldingAG-AR_2004
1,591
SwAFE B.V. - Junior Class C mortgage-backed notes EUR +1.200% 2002 2079 – 5 and the fixed rate loan at the earliest on 30 September 2009 or at five-year intervals thereafter, upon notice and subject to the consent of the Federal Office of Private Insurance. No interest may be paid on the loans if at the time, or as a r...
100
annual_report
4844
996
HPI and its subsidiary, which are beneficially owned by Mr. Kosloske, are related parties by virtue of their Series B Membership interests in HPIH, of which we are managing member. During the year ended December 31, 2013, HPIH paid cash distributions of $2.2 million to these entities related to estimated federal and st...
147
10K
4578
811
(a) Amounts in years prior to 2012 have been adjusted to reflect the adoption of new guidance issued by the Financial Accounting Standards Board related to the accounting for costs associated with acquiring or renewing insurance contracts. The adoption of this guidance decreased deferred policy acquisition costs by $42...
128
10K
LloydsBankingGroupPLC-AR_2018
4,605
Gains less losses on disposal of available‑for‑sale financial assets – 29 (3) 420 446
14
annual_report
3005
728
fixed maturity securities with an average duration of 5.9 years as of December 31, 2006. In general, premiums are received significantly in advance of related claims payments. The following table summarizes TRH’s revenues, income (loss) before income taxes and net income for the periods indicated:
45
10K
2335
1,272
with this subsidiary’s net operating losses. Because LNC has been required to defer recognition of the gain on the portion of the disposition of its reinsurance operation that was structured as indemnity reinsurance, the establishment of this valuation allowance was recorded as a decrease in the after-tax amount of the...
59
10K
4077
595
comprehensive income (loss). Equity securities that are determined to be other-than-temporarily impaired are written down to fair value and the impairment is charged to the income statement.
27
10K
2601
909
The balance of our goodwill and intangible assets was $8.8 million at December 31, 2004. The recovery of this asset is dependent on the fair value of the business to which it relates. Pursuant to SFAS No. 142, “Goodwill and Other Intangible Assets” (“SFAS 142”), goodwill is subject to annual impairment tests based on t...
126
10K
1483
655
APPL has a management fee agreement with FCC whereby FCC provides certain administrative duties, primarily data processing and investment advice. APPL paid fees of $444,000, $300,000 and $300,000 in 2000, 1999 and 1998, under this agreement.
36
10K
5169
842
Reinsurance. Our reinsurance and insurance subsidiaries reinsure portions of the risks they underwrite in order to reduce the effect of individual or aggregate exposure to losses, manage capacity, protect capital resources, reduce volatility in specific lines of business, improve risk-adjusted portfolio returns and ena...
133
10K
NatwestGroupPLC-AR_2017
2,001
Net cash outflows from financing activities of £8,208 million relate primarily to the redemption of subordinated liabilities of £5,747 million, redemption of debt preference shares of £748 million, redemption of paid-in equity of £720 million, interest paid on subordinated liabilities of £717 million and dividends paid...
49
annual_report
5048
2,769
As of December 31, 2015 and 2014, notional amounts pertaining to derivatives utilized to manage interest rate risk, including offsetting positions, totaled $17.8 billion and $19.3 billion, respectively ($17.7 billion and $19.2 billion, respectively, related to investments and $0.1 billion and $0.1 billion, respectively...
80
10K
RSAInsuranceGroupPLC-AR_2020
1,893
Our procedures included: · Tests of details: Our component team in Sweden compared samples of debtor balances to appropriate documentation, such as signed policy agreements and confirmed cash receipts, to test the valuation of individual debtor balances; · Historical comparisons: With support from our Scandinavian comp...
194
annual_report
1396
313
The composition of future policy benefits, and the significant assumptions used in their development, are as follows:
17
10K
HannoverRueckSE-AR_2009
3,193
Hannover Life Reassurance Africa Limited P. O. Box 85321 emmarentia 2029 Johannesburg 2000
13
annual_report
1558
530
The Credit Agreement contains covenants which, among other things, limit the ability of PXRE and its subsidiaries and affiliates: (a) to incur additional Indebtedness (other than certain permitted Indebtedness); (b) to create Liens upon their properties or assets (other than Permitted Liens); (c) to sell, transfer or o...
234
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2009
2,196
Impact on equity and the consolidated income statement in the liability adequacy test pursuant to ifRs 4, the technical provisions and deferred acquisition costs are regularly tested to ensure they are appropriate. an adjustment is made if such tests show that, as a whole, the amounts calculated using the previous assu...
80
annual_report
RSAInsuranceGroupPLC-AR_2015
1,775
A report from the external auditor can be found on pages 99 to 102.
14
annual_report
2601
870
Earnings from products accounted for as insurance policy liabilities are primarily generated from the excess of net investment income earned over the interest credited to the policyholder, or the “investment spread”. Our investment spread is summarized as follows for the year ended December 31:
44
10K
3607
2,331
The rate of decline in Specialty Commercial earned premium slowed in 2007, primarily due to a lower earned premium decrease in casualty and property, partially offset by a lower earned premium increase in professional liability, fidelity and surety. Casualty earned premium experienced a larger decrease in 2006, primari...
129
10K
1178
366
Discontinued Operations. During 1998, income from Unicover's operations totaled $13.2 million, net of tax expense of $8.8 million. Effective April 30, 1999, the Company completed the disposition of Unicover, which was acquired in the fourth quarter of 1998.
38
10K
3535
665
Loans receivable are impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. Impaired loans receivable are measured at the present value of expected future cash flows discounted at the loa...
99
10K
3965
958
Net premiums earned decreased in 2009 compared to 2008 as a result of a $16.7 million and a $5.3 million decrease in our personal auto and workers’ compensation insurance products, respectively. These are discussed in further detail in the “Products” discussions below.
42
10K
AegonNV-AR_2016
711
The results of operations Europe for 2016 and 2015 that are based on the figures of the separate operating segments are further disclosed on the following pages.
27
annual_report
PosteItalianeSpA-AR_2019
6,041
Finance costs on financial liabilities 29 15 on lease payables 25 on borrowings from financial institutions 2 1 on derivative financial instruments 1 1
24
annual_report
1687
641
On the date the derivative contract is entered into, AIG designates the derivative as: (1) a hedge of the subsequent changes in the fair value of a recognized asset or liability or of an unrecognized firm commitment ("fair value" hedge); (2) a hedge of a forecasted transaction, or the variability of cash flows to be re...
242
10K
gb_prudential-AR_2008
4,219
5 Premiums, operating profit and margins from new business Annual premium and Present value of new a Premiums and contributionsnote i contribution equivalents business premiums Single Regular (APE) (PVNBP)
29
annual_report
NatwestGroupPLC-AR_2016
8,171
RoboScot Ventures Ltd BF 24/25 St Andrew Square, Edinburgh, EH2 1AF, Scotland
12
annual_report
PhoenixGroupHoldingsPLC-AR_2017
2,116
The adverse variance on owners’ funds of £87 million (2016: £5 million adverse) is principally driven by interest rate swaption positions held in the life companies’ shareholder funds. Such positions are held to hedge the impact of interest rate risk on the Group’s Solvency II surplus position. With swap yields remaini...
72
annual_report
5947
638
Our IIF is the primary driver of the future premiums that we expect to earn over time. Although not reflected in the current period financial statements, nor in our reported book value, we expect our IIF to generate substantial earnings in future periods, due to the high credit quality of our current mortgage insurance...
74
10K
5295
2,593
Bermuda statutory requirements-ALRe is licensed by the Bermuda Monetary Authority (BMA) as a long term insurer and is subject to the Insurance Act 1978, as amended (Bermuda Insurance Act) and regulations promulgated thereunder. Effective January 1, 2016 the BMA implemented the Economic Balance Sheet (EBS) framework int...
66
10K
3667
1,320
Prior to the mid to late 1990’s our business was largely based in Alabama. When we began to expand geographically, we utilized industry based data as well as our own data to support our actuarial projection process. Our own claims experience proved to be better than the projected experience, but again, this was not kno...
84
10K
4370
3,829
The following table presents maturities of long-term debt (including unamortized original issue discount, hedge accounting valuation adjustments and fair value adjustments, when applicable), excluding $1.9 billion in borrowings of consolidated investments:
31
10K
gb_prudential-AR_2019
777
Capital generation from new business written during 2019 119 263 (144) (75) Operating capital generation from business in force at 1 January 2019* 1,406 (125) 1,531 141
27
annual_report
3011
6,893
At December 31, 2006, the Run-off Operations had $75 million of available coverage under this agreement for future adverse loss development. Any future cession of losses may require the Company to cede additional premiums of up to $28.3 million on a pro rata basis, at the following contractually determined levels:
50
10K
BaloiseHoldingLtd-AR_2006
3,446
VORABDRUCK – as compared to the statutory fi nancial statement. According-– as compared to the statutory fi ly, that portion of the obligation from an insurance contract that
28
annual_report