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HelvetiaHoldingAG-AR_2012
2,000
Notes 17.6 “Counterparty risks” (from page 190) and 9 “Insurance business” (from page 143) provide more information about the quality of reinsurance and claims management.
25
annual_report
5673
1,153
Pursuant to certain reinsurance agreements and statutory licensing requirements, the Company has deposited invested assets in custody accounts or insurance department safekeeping accounts. The Company cannot remove or replace investments in regulatory deposit accounts without prior approval of the contractual party or ...
60
10K
2797
1,220
We establish reserves for losses and loss adjustment expenses which represent estimates involving actuarial and statistical projections, at a given point in time, of our expectations of the ultimate settlement and administration costs of losses incurred. Estimating loss reserves is inherently difficult, which is exacer...
131
10K
4629
2,901
interest expense, over the remaining terms of the deposit liability contracts. At settlement, the weighted average term remaining to maturity for these contracts was 16.1 years.
26
10K
3298
2,949
these favorable items was 0.9 points of office consolidation costs in 2007, compared to 1.3 points in the prior year.
20
10K
4811
2,117
During 2013, 2012 and 2011, as a result of changes in estimates of insured events in the respective prior year, claims and claim adjustment expenses associated with prior years decreased due to a reduction in prior year dental and accidental death and dismemberment claims and improved loss ratio for non-medical health ...
53
10K
nl_ing_grp-AR_2016
4,267
Financial liabilities 1 Loans and advances to customers and Customer deposits, as at 31 December 2015, are adjusted as a result of a changes in accounting policies. Reference is made to Note 1 ‘Accounting policies’ – Changes in accounting policies and Changes in presentation in 2016. 2 Financial assets and liabilities ...
75
annual_report
4269
786
(a) On January 12, 2011, Fitch updated their ratings outlook on our senior unsecured debt to “stable”.
17
10K
2873
840
In addition to common equity, we depend upon other external sources of finance such as debt, preference shares, letters of credit and other credit facilities to support our operating activities. Having sufficient capital allows us to take advantage of profitable opportunities that may arise in our operating segments. W...
94
10K
INGGroepNV-AR_2003
904
clients in thousands, funds entrusted in billions of euros (at year-end)
11
annual_report
5704
628
Net Realized Investment Losses for the year ended December 31, 2019 were approximately $254,000 versus $6,183,000 of net realized investment gains for the year ended December 31, 2018. The gains in 2018 resulted primarily from sales intended to rebalance our investment portfolio to mitigate the impact from the rising i...
71
10K
fr_axa-AR_2001
3,088
• does not have a permanent establishment in France to which the AXA ordinary shares or ADRs are attributable to or, in the case of an individual, who does not maintain a fixed base in France to which the
39
annual_report
1477
185
In addition to the statutory totals shown above, Kentucky Insurance generated approximately $93,000 of net income, during 2000 and $150,000 during 1999, with $21,000 of the 1999 total earned after Kentucky Insurance was acquired by the Company. At December 31, 2000, Kentucky Insurance capital and surplus totaled approx...
69
10K
2537
548
compensation program. Under this program, participants may defer compensation and earn interest on the amounts deferred. The program is not qualified under Section 401 of the Internal Revenue Code.
29
10K
3830
921
The Company’s aggregate share of its equity investees’ statements of income, which includes its share of income of those investees accounted for under SFAS 159 (fair value option), had they been accounted for under the equity method is summarized as follows:
41
10K
5864
730
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the Company’s internal control over financial reporting as of December 31, 2020, based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring O...
64
10K
NatwestGroupPLC-AR_2019
1,637
 EI and LI scores both increased by 2 points from 2018, to 87 (EI) and 81 (LI), resulting in both targets being met.
24
annual_report
ScorSE-AR_2012
4,475
The aforementioned risks could accumulate in either a single counterparty, in the same sector of activity or the same country. SCOR attaches particular importance to the establishment of and respect of counterparty exposure limits. The annual examination of its exposure enables the Group to identify and quantify the ri...
57
annual_report
AegonNV-AR_2012
1,599
La Mondiale’s own internal networks as well as via platforms to financial advisers and banks.
15
annual_report
AvivaPLC-AR_2009
3,278
Carrying amount at 1 January 65,278 53,609 Provisions in respect of new business 5,973 3,391 Expected change in existing business provisions (1,256) (1,909) Variance between actual and expected experience 2,469 (4,661) Impact of operating assumption changes (49) (166) Impact of economic assumption changes (57) 244 Othe...
77
annual_report
HelvetiaHoldingAG-AR_2003
451
The Chairman’s Committee which carried out all the duties of the current Strategy- and Governance Committee as well as of the Nomination- and Compensation
24
annual_report
4728
1,327
In April 2013, we acquired Euro Accident Health & Care Insurance Aktiebolag (“EuroAccident”), a European group life and health insurance managing general agent. The agency distributes life and health insurance to groups as well as individuals. Distribution predominantly takes place through broker channels and affinity ...
89
10K
1666
1,051
In 1999, CNA entered into an aggregate reinsurance treaty related to the 1999 through 2001 accident years covering substantially all of CNA's property- casualty lines of business (the "Aggregate Cover"). CNA has two sections of coverage under the terms of the Aggregate Cover. These coverages attach at defined loss and ...
201
10K
364
423
The Group also maintains a voluntary defined contribution savings plan covering substantially all full-time employees. The Group matches employee contributions up to 3% of compensation. The Group's contribution to this plan amounted to $158,784, $144,367 and $136,121 for the years ended December 31, 1996, 1995, and 199...
48
10K
gb_prudential-AR_2010
1,402
Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Company and of the Group. The criteria applied in the preparation of the financial statements are set out in the statement of directors' responsibilities on page 387.
54
annual_report
LloydsBankingGroupPLC-AR_2002
1,416
The assets of the Group’s defined benefit schemes and the expected rates of return are summarised as follows: Expected Expected long-term long-term
22
annual_report
AvivaPLC-AR_2019
2,373
The Company calculates expected credit losses for all financial assets held at either amortised cost or fair value through other comprehensive income. Expected credit losses are calculated on either a 12-month or lifetime basis depending on the extent to which credit risk has increased significantly since initial recog...
48
annual_report
HannoverRueckSE-AR_2011
1,621
• Setting up and monitoring of the department’s internal control system (icS)
12
annual_report
PowszechnyZakladUbezpieczenSA-AR_2016
1,022
The growing scale of business will be reflected in a systematic improvement of profitability of PZU Zdrowie, and the planned increase in the revenues of PZU Zdrowie will allow it to come
32
annual_report
NatixisSA-AR_2014
8,781
The CHSCT’s “Workplace Adjustments” Commission was also consulted in 2014. This Committee examines site plans and may issue remarks or ask for adjustments to the plans, with the aim of improving employees’ physical working conditions.
35
annual_report
5208
957
At December 31, 2016, our pension and OPEB plans had aggregate pretax accumulated actuarial losses of approximately $2.5 billion. Accumulated actuarial losses are primarily due to an increase in the present value of future plan obligations driven by lower interest rates and improving mortality trends as well as investm...
172
10K
HiscoxLtd-AR_2005
344
Cash outflows are used primarily to settle insurance claims, pay operating expenses and distribute dividends to shareholders.
17
annual_report
1307
1,009
Chiquita's results for 1997 were adversely affected by a stronger dollar in relation to major European currencies and by increased banana production costs resulting from widespread flooding in 1996.
29
10K
1179
416
The indenture governing the Senior Notes contains covenants relating to limitations on liens and sale or issuance of capital stock of the Insurance Company. In the event the Company violates such covenants as defined in the indenture, the Company may be obligated to offer to repurchase all of the outstanding principal ...
68
10K
5396
1,361
The Company has financed purchases of NPLs with asset-based leverage. These investments are held in our specialty insurance business. Such borrowings are generally recourse only to the specific investments. Repayment is based upon the earlier of September, 2018 or an amount of approximately 120% of the cash realization...
97
10K
406
383
Corporate and Other. Operating income for Corporate and Other was $13.2 million in 1996 compared to $9.2 million in 1995. HealthCare Solutions Division incurred comparable operating losses in 1996 and 1995. The losses primarily resulted from the losses of certain companies in the development stage which was partially o...
227
10K
1617
1,737
The consolidated financial statements of the Parent, including the notes to such statements, beginning on page D-36 of Appendix D to the Proxy Statement are incorporated in this Item 8 by reference. Quarterly results are discussed in Note 19 on page D-79.
42
10K
StorebrandASA-AR_2002
427
Storebrand Bank maintains a prudent balance of short-term and long-term external funding. The total capital base amounted to
18
annual_report
ScorSE-AR_2008
3,703
It is responsible for highlighting the main risks to which the Group is exposed, regarding both assets and liabilities and for ensuring that the means put in place to monitor and manage those risks have been effectively implemented. It examines the Group’s main technical and fi nancial risks. The Committee met four tim...
100
annual_report
2484
655
Personal lines’ segment income declined $5.9 million to $34.3 million for the year ended December 31, 2003. The decrease in segment income is primarily due to an increase in current accident year loss performance due to an increase in claim frequency and severity due to the harsher winter weather during the first quart...
156
10K
1532
300
companies to evaluate the adequacy of statutory capital and surplus in relation to investment and insurance risks such as asset quality, asset and liability matching, loss reserve adequacy, and other business factors. The RBC formula is used by state insurance regulators as an early warning tool to identify, for the pu...
126
10K
3194
2,228
In choosing the expected long-term rate of return, the Company’s Pension Plan Investment Committee considered the historical returns of equity and fixed income markets in conjunction with today’s economic and financial market conditions.
33
10K
5246
1,179
The amortized cost and fair value of fixed maturities available-for-sale as of December 31, 2016, by expected maturity, were as follows:
21
10K
ASRNederlandNV-AR_2013
424
Waste a.s.r.’s general principle is to comply with legislation and regulations in relation to waste products. One of the principles set out in the policy is to scale back volumes of waste as far as possible and to recycle as much waste as possible. This policy helped a.s.r. to cut carbon emissions in 2012 by 62%, the e...
96
annual_report
NatwestGroupPLC-AR_2009
3,541
RBS Group Annual Report and Accounts 2009266 5 Auditors’ remuneration Amounts paid to the Group’s auditors for statutory audit and other services are set out below. All audit related and other services are approved by the Group Audit Committee. The Committee recognise that for certain assignments the auditors are best ...
85
annual_report
4522
471
The Company’s net losses and loss adjustment expenses for the calendar years ended December 31, 2012, December 31, 2011 and December 31, 2010, were $15,233,403, $14,387,327 and $18,470,115, respectively.
29
10K
5869
2,237
•Bonds are generally carried at amortized cost rather than fair value.
11
10K
2951
528
Selected cost ratios (by segment). The following table shows employee costs and other operating expenses as a percentage of related title and REI operating revenues.
25
10K
4953
856
In May 2014, the Financial Accounting Standards Board (which we refer to as the FASB) issued new accounting guidance on revenue from contracts with customers, which will supersede nearly all existing revenue recognition guidance under U.S. GAAP. The core principal of the new guidance is that an entity should recognize ...
237
10K
INGGroepNV-AR_2006
517
ING has a 19.9% stake in the Bank of Beijing (BoB), China’s second-largest city commercial bank. As part of this strategic alliance, ING is committed to supporting the developments of BoB’s corporate governance, risk management and retail business. The partnership is strongly developing. ING has two seats on the execut...
74
annual_report
AegonNV-AR_2012
5,810
The average number of employees per geographical area was: Of which agent-employees 2,929 2,991 3,095
15
annual_report
2616
737
In February 2004, the Company completed a refinancing of its secured credit facility, which had an outstanding balance of $71.5 million at the time of the refinancing. The new bank agreement ("Bank Agreement") consists of: (1) a $50 million Secured Revolving Credit Facility, which includes up to $15 million for letters...
198
10K
4145
2,693
For professional lines, reserve releases in the 2003 to 2006 accident years were largely offset by strengthening of reserves in the 2007 year.
23
10K
StorebrandASA-AR_2020
509
Why It is important that Storebrand’s organisation and business reflects our customers and the market in which we operate. Storebrand aims to be a good workplace for everyone, regardless of their background. We strongly believe in building an agile organisation and a culture of trust, inclusion and belonging. It is imp...
67
annual_report
4100
2,176
Certain residential mortgage-backed securities backed by sub-prime and Alt-A collateral, which are included in Level 3 financial assets, utilize internal pricing models to assist in determining the estimated fair values. As of December 31, 2008, these investments were priced solely with the assistance of independent pr...
130
10K
5789
1,274
The defendants dispute the allegations in these actions and intend to defend the lawsuits vigorously. Given the stage of the proceedings, the Company is unable to provide an estimate of the reasonably possible loss or range of loss in respect of the complaints.
43
10K
5604
2,030
In connection with the completion of the conversions, all of the outstanding shares of common stock shares of PPIX Conversion Corp., PCA Conversion Corp., and PIPE Conversion Corp. are to be issued to the Company, and they will then become wholly-owned stock subsidiaries of the Company. Contemporaneously with the compl...
89
10K
StandardLifeAberdeenPLC-AR_2009
1,135
Europe covered business consists of: • The Group’s Germany branch of Standard Life Assurance Limited (SLAL)
16
annual_report
de_allianz-AR_2004
1,476
A depreciation of the U.S. dollar of 10 % against the euro would have reduced the shareholders’ equity by € 0.9 billion at the end of the year. The effects of derivatives are disregarded in these model calculations.
38
annual_report
SwissReAG-AR_2009
2,242
̤ The Group Regulatory Committee is the central information and co-ordination platform for regulatory matters. It ensures a consistent approach to external communication on regulatory issues.
26
annual_report
NatixisSA-AR_2015
607
BPCE: Natixis shares held: 2,227,221,174 Address: 50 avenue Pierre Mendès France, 75201 Paris Cedex 13 Daniel Karyotis: Date of birth: 02.09.1961 Nationality: French Natixis shares held: 0 Address: 50 avenue Pierre Mendès France 75201 Paris Cedex 13
37
annual_report
2141
296
The Company did not sell any bonds in the year ending December 31, 2003. The Company sold one bond in the year ending December 31, 2002, and recognized a short-term capital gain of $3,906. The single bond was sold in order to maintain conformity with the Company's investment guidelines. In the year ending December 31, ...
95
10K
NatwestGroupPLC-AR_2011
1,171
Total impairment losses (49) (151) (640) Loan impairment charge as % of gross customer loans and advances (excluding reverse repurchase agreements) 0.1% 0.2% 0.6%
24
annual_report
5347
977
The following table presents summary results of our operating segments for the year ended December 31, 2014, 2015 and 2016 (in thousands):
22
10K
gb_lloyds_banking_grp-AR_2008
542
BeST Home InSuRanCe WeBSITe Assessed against 550 different criteria and measured according to 1,000 insurance customer feedback responses, www.lloydstsbinsurance.co.uk has been ranked as the best Home Insurance website for the second year in succession by Global Reviews 2008. (November 2008)
40
annual_report
fr_axa-AR_2013
9,241
We conducted interviews with the relevant heads of department to familiarise ourselves with sustainable development policy, according to the impact of the company’s activity on labour and the environment, of its social commitments and any action or programmes related thereto.
40
annual_report
PowszechnyZakladUbezpieczenSA-AR_2020
1,577
Administrative expenses decreased to PLN 3 million (-25.0% y/y) as a consequence of the decreasing portfolio of contracts in this segment.
21
annual_report
2366
517
Net earned premium in 2003 was approximately $18,099,000, an increase of $1,673,000, or 10.2%, compared to $16,426,000 in 2002. Net earned premium by major business segment for the years ended December 31 was as follows:
35
10K
PosteItalianeSpA-AR_2020
1,532
Poste Italiane’s commitment to managing human rights risks Poste Italiane’s commitment to ensuring respect for human rights - promoted in the context of its own activities as well as in the context of activities entrusted to third parties or conducted with partners - is enshrined in the “Group Policy for the protection...
114
annual_report
2372
1,657
Once an impairment charge has been recorded, the Company continues to review the other-than-temporarily impaired securities for additional other-than-temporary impairments. As discussed in Note 2 of the Notes to Consolidated Financial Statements, the Financial Accounting Standards Board (“FASB”) voted to delay the impl...
100
10K
5302
831
operating costs contracted by a relatively lower percentage than the reduction in revenues. RFIG Run-off operating expense ratios reflect ongoing cost control geared to a run-off operation.
27
10K
5711
1,127
As of December 31, 2019, the statutory income tax rates of the countries where the Company conducts or conducted business are 21% in the United States, 0% in Bermuda, 0% in the Cayman Islands, 24.94% for companies with a registered office in Luxembourg City, 1.0% to 2.5% in Barbados, 19% in the United Kingdom and 25% o...
102
10K
AegonNV-AR_2012
1,314
As of September 2012, there has been a significant reduction in the contribution rate payable in Slovakia. Additionally, from 2013, new laws come into force which mean it will no longer be mandatory to join a private pension fund (Pillar II).
41
annual_report
5433
1,154
As previously discussed, Cenpatico Behavioral Health of Arizona, LLC and the related Cenpatico Integrated Care health plan were reclassified to the Managed Care segment in January 2017. The following table summarizes our consolidated operating results by segment for the year ended December 31, ($ in millions) and refle...
51
10K
4119
1,159
Concurrent with the issuance of the 2.0% Convertible Senior Notes, the Company purchased convertible note hedges covering, subject to customary anti-dilution adjustments, 6,112,964 shares of its common stock. The convertible note hedges allow the Company to receive shares of its common stock and/or cash equal to the am...
114
10K
3329
503
For each of the three most recent calendar years, prior accident years’ consolidated claim costs have developed favorably and have had the consequent effect of reducing consolidated annual loss costs between 2.9% and 6.9%, or by an average of approximately 4.3% per annum. As a percentage of each of these years’ consoli...
69
10K
3021
1,137
Frequency/severity methods generally rely on the determination of an ultimate number of claims and an average severity for each claim for each accident year. Multiplying the estimated ultimate number of claims for each accident year by the expected average severity of each claim produces the estimated ultimate loss for...
150
10K
fr_axa-AR_2011
2,154
On both current and constant exchange rate basis, income tax expenses increased by €8 million (+10%) to €-90 million mainly due to €5 million 2010 non recurring tax effect and to a lesser extent, higher tax rate in France (€4 million).
41
annual_report
5251
2,203
The cost (amortized cost for fixed maturities and short-term investments), fair value, gross unrealized gains and gross unrealized (losses), including non-credit related OTTI recorded in AOCI of the Company’s AFS investments at December 31, 2016 and 2015 were as follows:
40
10K
AdmiralGroupPLC-AR_2017
805
Originally appointed to the Board in 1999, subsequently appointed as CEO in 2016
13
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2002
1,558
The aggregate shareholders’ equity of the non-consolidated subsidiaries amounted to less than 1.0% (0.7%) of the Group’s shareholders’ equity at 31 December 2002, and their aggregate annual result to 0.5% (0.1%) of the consolidated profit for the year. The enterprises involved are mainly service and management companie...
47
annual_report
2809
1,149
Effective January 1, 2003, all full-time and part-time employees of the Company are eligible to participate in The PMI Group, Inc. Retirement Plan (the “Plan”), a noncontributory defined benefit plan. The Plan generally has been funded by the Company to the fullest extent permitted by federal income tax rules and regul...
65
10K
4898
941
Reserves for traditional life insurance contracts (term insurance, participating and non-participating whole life insurance and traditional group life insurance) and accident and health insurance represent the present value of future benefits to be paid to or on behalf of contract owners and related expenses, less the ...
101
10K
2062
660
General and Administrative Expenses, or G&A, increased $10.4 million or 9.3%. As a percentage of revenues, G&A expenses were 11.1% in 2001 compared to 11.0% in 2000. As a percentage of medical premium revenue, G&A expenses were 17.1% for 2001 compared to 17.6% for 2000. G&A expenses now include the expenses associated ...
65
10K
fr_axa-AR_2009
1,154
On June 8, 2007, AXA and BNP Paribas announced they had reached an agreement for the establishment of a partnership on the Ukrainian Property & Casualty insurance market. On
29
annual_report
HelvetiaHoldingAG-AR_2016
2,052
In the reporting year, a transfer of CHF – 0.2 million (previous year: no transfer) was made to retained earnings as a consequence of disposals of owner-occupied properties transferred to investment property.
32
annual_report
4202
889
The decrease in the GAAP underwriting expense ratio of 0.9 points in 2009 was primarily attributable to several expense initiatives that we implemented in 2008 and during the first quarter of 2009, including workforce reductions in 2008 that resulted in a pre-tax charge of $4.5 million in 2008 and the benefit realized ...
75
10K
5388
677
On August 4, 2017, MetLife, Inc. completed the Separation. MetLife, Inc. retained the remaining ownership interest of 22,996,436 shares, or 19.2%, of Brighthouse Financial, Inc. common stock outstanding. Certain MetLife affiliates hold MetLife, Inc. common stock and, as a result, participated in the distribution.
44
10K
SwissReAG-AR_2015
3,481
To summarise, we believe the past year was a highly successful one for Swiss Re in terms of our contribution to sustainable progress and in meeting your expectations, dear stakeholders. Of course, this would not have been possible without the dedication of the people who work for Swiss Re, day in, day out. We would lik...
92
annual_report
HelvetiaHoldingAG-AR_2016
2,864
Price of Helvetia registered shares at the reporting date in CHF 548.5 566.0 – 3.1 %
16
annual_report
HannoverRueckSE-AR_2020
551
Effective 1 September 2020 we appointed Mr. Clemens Jungsthöfel to the Executive Board so that he could take over as Chief Financial Officer from Mr. Roland Vogel on 30 September, following the latter’s retirement. We are most grateful to Mr. Vogel for his many years of service to the Group and the unfailingly open and...
134
annual_report
5352
1,141
Our commitments associated with outstanding letters of credit, financial guarantees and funding commitments at December 31, 2017 were as follows (all dollar amounts in table are in millions):
28
10K
TrygAS-AR_2009
782
Most of the provisions for claims relate to personal injury claims. They are exposed to changes in inflation, the discount rate, disbursement patterns, economic trends, legislation and court decisions.
29
annual_report
fr_axa-AR_2007
1,039
Hong Kong1 gross revenues were up €216 million (+21%) to €1,257 million on a reported basis. This included €110 million from MLC and €236 million from Winterthur. On a comparable basis — excluding the impact of MLC but including Winterthur in both periods and at constant exchange rates — gross revenues were up 4% refle...
82
annual_report
de_allianz-AR_2015
1,806
Held-to-maturity investments Held-to-maturity investments are debt securities with fixed or determinable payments and fixed maturities, for which the Allianz Group has the positive intent and ability to hold to maturity. These securities are initially recognized at fair value and subsequently measured at amortized cost...
49
annual_report
PhoenixGroupHoldingsPLC-AR_2020
1,697
External appointments: Board member of the Association of British Insurers, Trustee of the NSPCC and Chair of their Income Generation Committee. Also the government’s Business Champion for Older Workers and for the Ageing Society Grand Challenge. Awarded an MBE in the 2021 New Year Honours.
45
annual_report
3021
1,996
AIG is a major purchaser of reinsurance for its insurance operations. The use of reinsurance facilitates insurance risk management (retention, volatility, concentrations) and capital planning locally (branch and subsidiary). Pooling of AIG’s reinsurance risks enables AIG to purchase reinsurance more efficiently at a co...
68
10K
1958
650
For 2001, all of the product lines reported an increase in premium income and net investment income over 2000. The life and disability product lines both reported a marginal increase in the benefit ratio relative to 2000. The increase for life was due primarily to an increase in the size of the average paid claim. Clai...
97
10K
fr_axa-AR_2010
5,417
TOTAL – PROPERTY & CASUALTY INSURANCE EXCLUDING INTERNATIONAL INSURANCE 50,261 47,957
11
annual_report
630
496
Warrants: During 1995, the Company issued stock purchase warrants for the purchase of 250,000 shares of the Company's common stock. Warrants to purchase 200,000 shares were issued to a director of the Company on July 5, 1995, at $2.875 per share, 100,000 of these warrants are exercisable at any time through July 5, 200...
134
10K