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24 | 145 | - Policy Acquisition Costs -- Commissions and other costs of acquiring traditional life and health insurance, universal life insurance, and investment products that vary with and are primarily related to the production of new business have been deferred. Traditional life and health insurance acquisition costs are amortized over the premium-payment period of the related policies in proportion to the ratio of annual premium income to total anticipated premium income. Acquisition costs for universal life and annuities are being amortized over the lives of the policies in relation to the present value of estimated gross profits from surrender charges and investment, mortality, and expense margins. For 1993, these costs have been reduced by an amount equal to the amortization that would have been recorded if unrealized gains or losses on investments associated with Protective's universal life and investment products had been realized. | 141 | 10K |
fr_axa-AR_2006 | 1,604 | The table below presents the International Insurance segment’s gross revenues and gross insurance liabilities by major product lines for the periods and as at the dates indicated: (in Euro million, except percentages) | 32 | annual_report |
4644 | 1,892 | The New Senior Secured Credit Agreement contains covenants that limit the Company's ability to take certain actions and perform certain activities, including (each subject to exceptions as set forth in the New Senior Secured Credit Agreement): | 36 | 10K |
de_allianz-AR_2010 | 1,439 | The Allianz Group enters into various commitments including loan commitments, leasing commitments, purchase obligations and other commitments. Please refer to note 47 of our consolidated financial statements for more details. | 30 | annual_report |
gb_prudential-AR_2011 | 2,027 | Notes 1 Tidjane Thiam made a total gain of £665 on the exercise of SAYE options during 2011 (2010: £nil). 2 No price was paid for the award of any option. 3 The highest and lowest share prices during 2011 were 777 pence and 509 pence respectively. | 47 | annual_report |
5339 | 1,216 | Fair values for private, non-traded securities are determined as follows: 1) we obtain estimates from independent pricing services and 2) we estimate fair value based upon a comparison to quoted issues of the same issuer or issues of other issuers with similar terms and risk characteristics. We analyze the independent pricing services valuation methodologies and related inputs, including an assessment of the observability of market inputs. Upon obtaining this information related to fair value, management makes a determination as to the appropriate valuation amount. For more information about our the fair values of our investments please refer to Note 7, Fair Value of Financial Instruments, to the financial statements. | 109 | 10K |
TrygAS-AR_2014 | 576 | Tryg thus expects an overall positive capital effect in connection with the transition to Solvency II. | 16 | annual_report |
PowszechnyZakladUbezpieczenSA-AR_2015 | 529 | PZU Ukraina Życie Kiev PZU – 53.4723% PZU Życie – 0.0053% PZU Ukraina – 46.5224% | 15 | annual_report |
4282 | 1,818 | The increase in the provisions for the commercial mortgage loan loss allowance in 2010 compared to 2009 was primarily due to increases in the provisions on restructured and sixty-day delinquent commercial mortgage loans during 2010 and was primarily related to the foreclosure and restructuring of commercial mortgage loans with a single borrower during the second quarter of 2010. Restructured commercial mortgage loans totaled $76.6 million and $28.7 million at December 31, 2010 and 2009, respectively. The Company’s sixty-day delinquent commercial mortgage loans totaled $19.6 and $17.3 million at December 31, 2010 and 2009, respectively. The increase to charge offs for 2010 compared to 2009 was primarily related to the acceptance of deeds in lieu of foreclosure on commercial mortgage loans related to a single borrower during the second quarter of 2010. | 131 | 10K |
4543 | 2,195 | We also have subsidiaries in Ireland, the United Kingdom (U.K.), Australia and Brazil. Our Ireland insurance subsidiary with branch operations in the U.K. and Australia was subject to a compliance review of the U.K. branch for 2009, by H.M. Revenue and Customs, which resulted in no significant adjustments. These subsidiaries and their branches, other than the U.K. branch, are not under examination, but generally remain subject to examination in all applicable jurisdictions for tax years 2008 through 2012. | 78 | 10K |
1772 | 317 | We undertake no obligation to publicly correct or update any forward looking statements, whether as a result of new information, future developments or otherwise. You are advised, however, to consult any further disclosures we make on related subjects in our press releases and filings with the SEC. In particular, you should read the discussion in the section entitled "External Trends and Forward Looking Information," and other sections it may reference, in our most recent 10-K report as it may be updated in our subsequent 10-Q and 8-K reports. This discussion covers certain risks, uncertainties and possibly inaccurate assumptions that could cause our actual results to differ materially from expected and historical results. Other factors besides those listed there could also adversely affect our performance. | 124 | 10K |
SwissLifeHoldingAG-AR_2017 | 1,177 | G4-PR9 Fines due to non-compliance with respect to the provision of products p. 95 and services FINANCIAL SECTOR SPECIFIC INDICATORS Active Ownership p. 83, p. 97 | 26 | annual_report |
5584 | 938 | There were no transfers into or out of Level 1 and Level 2 during the years ended December 31, 2018 or 2017. There were no assets or liabilities measured at fair value on a nonrecurring basis as of December 31, 2018 or 2017. | 43 | 10K |
NatixisSA-AR_2013 | 2,279 | 4.1. Risk factors 4.1.1 RISKS RELATED TO THE MACROECONOMIC ENVIRONMENT AND THE FINANCIAL CRISIS | 14 | annual_report |
2908 | 805 | Net investment income for the FP Investment Portfolio consisted of the following (in thousands): | 14 | 10K |
3066 | 880 | Diluted Book Value per Share: Management uses diluted book value per share growth as a prime measure of the value the Company is generating for its common shareholders, as Management believes that growth in the Company’s diluted book value per share ultimately translates into growth in the Company’s stock price. Diluted book value per share is calculated using common shareholders’ equity (shareholders’ equity less the liquidation value of preferred shares) divided by the number of fully diluted shares outstanding. Diluted book value per share is impacted by the Company’s net income and external factors such as interest rates, which can drive changes in unrealized gains or losses on its investment portfolio. Since December 31, 2001, the Company has generated a compound annual growth rate in diluted book value per share in excess of 14%. | 134 | 10K |
NatixisSA-AR_2007 | 3,798 | Natixis’ entire stress test mechanism was reviewed during the year. All stress tests are calculated in the Bank’s VaR | 19 | annual_report |
AvivaPLC-AR_2018 | 701 | Good governance and business ethics We are committed to the highest standards of ethical behaviour as outlined by our Business Ethics Code. This underscores our commitment to operate responsibly and transparently. We require all our people, at every level, to read and sign-up to our Code every year (99% of our employees did so in 2018). | 56 | annual_report |
HelvetiaHoldingAG-AR_2013 | 1,690 | Estimated loss reserves as of 31 December 275.0 141.2 52.3 90.5 100.0 130.7 196.4 222.9 345.1 543.2 1 039.7 3 137.0 | 21 | annual_report |
4146 | 666 | react very slowly if actual ultimate loss ratios are different from expectations due to changes not accounted for by the expected loss ratio calculation. | 24 | 10K |
5692 | 1,480 | Adjustments to income tax expense related to pro forma adjustments and increased income tax expense related to IRS Regulation 162(m)(6). | 20 | 10K |
5683 | 1,928 | Hybrid and redeemable preferred securities - We also utilize additional inputs of exchange prices (underlying and common stock of the same issuer) for our hybrid and redeemable preferred securities. | 29 | 10K |
3141 | 1,266 | We conduct our worldwide reinsurance business through three operating segments: Property and Marine, Casualty and Finite Risk. In managing our operating segments, management uses measures such as underwriting income and underwriting ratios to evaluate segment performance. We do not allocate assets or certain income and expenses such as investment income, interest expense and certain corporate expenses by segment. Segment underwriting income is reconciled to income before income taxes. The measures we used in evaluating our operating segments should not be used as a substitute for measures determined under U.S. GAAP. The following table summarizes underwriting activity and ratios for the three operating segments for the years ended December 31, 2006, 2005 and 2004 ($ in thousands): | 116 | 10K |
gb_prudential-AR_2013 | 1,242 | Skills and experience Alice Schroeder began her career as a qualified accountant at Ernst & Young in 1980 where she worked for 11 years before leaving to join the Financial Accounting Standards Board as a manager. From September 1993, she worked at various investment banks leading teams of analysts specialising in property-casualty insurance before joining Morgan Stanley, where she became a Managing Director in 2001, heading the Global Insurance Equity Research team. In May 2003, Alice became a senior adviser at Morgan Stanley, leaving in November 2009. She is a highly respected analyst and the author of the official biography of Warren Buffett, Chairman and CEO of Berkshire Hathaway. | 109 | annual_report |
3208 | 1,962 | For the year ended December 31, 2006, earned premiums increased as a result of two large terminal funding cases that were sold during the period. This increase in earned premiums was offset by a corresponding increase in benefits, losses and loss adjustment expenses. | 43 | 10K |
5085 | 1,575 | During the year ended December 31, 2015, we incurred $2.5 million of property catastrophe losses related to explosions in the port of Tianjin, China. During the year ended December 31, 2014, we incurred $4.0 million of catastrophe-related losses from Hurricane Odile. | 41 | 10K |
262 | 122 | Total consolidated revenues of $52,925,874 for 1995 increased 21% from consolidated revenues of $43,767,330 for 1994. | 16 | 10K |
PhoenixGroupHoldingsPLC-AR_2009 | 273 | Expected existing business contribution The expected contribution on the existing business for the year ended 31 December 2009 of £95 million after tax represents the expected return on the opening MCEV using a one year gilt forward rate plus the Group’s short-term expectations of excess investment returns on equities, properties and bonds. This rate is expected to increase in line with the forward gilt yield curve. | 66 | annual_report |
5361 | 785 | We review our securities measured at fair value and discuss the proper classification of such investments with investment advisors and others. See note 10, “Fair Value,” to our consolidated financial statements in Item 8 for a summary of our financial assets and liabilities measured at fair value at December 31, 2017 by valuation hierarchy. | 54 | 10K |
de_allianz-AR_2012 | 1,757 | Investment portfolio as of 31 December 2012: € 507.5 bn [as of 31 December 2011: € 461.1 bn] in % | 20 | annual_report |
5919 | 566 | (2)Net expense ratio is calculated as all operating expenses less interest expense divided by net premiums earned. | 17 | 10K |
1668 | 506 | 2001 2000 1999 --------------- -------------- ------------- Increase (decrease) in cash and cash equivalents Cash flows from operating activities: Net income (loss) $ 2,185,607 $ (1,846,840) $ (377,957) Adjustments to reconcile net loss to net cash provided by (used in) operating activities net of changes in assets and liabilities resulting from the sales and purchases of subsidiaries: Amortization/accretion of fixed maturities 150,579 152,917 489,491 Realized investment (gains) losses, net (436,280) 260,078 530,894 Policy acquisition costs deferred (141,000) (273,000) (720,000) Amortization of deferred policy acquisition costs 1,640,577 2,197,040 2,783,012 Amortization of cost of insurance acquired 1,151,284 1,185,307 1,072,773 Amortization of costs in excess of net assets purchased 403,664 403,664 432,550 Depreciation 360,688 424,591 480,505 Minority interest 49,182 (35,043) 37,040 Charges for mortality and administration of universal life and annuity products (9,344,711) (10,151,024) (10,696,014) Interest credited to account balances 5,749,098 6,109,491 6,300,667 Change in accrued investment income 522,670 (42,900) 102,782 Change in reinsurance receivables 1,175,305 928,890 606,509 Change in policy liabilities and accruals (2,478,697) (3,289,810) (1,255,020) Change in income taxes 1,055,732 109,189 (351,803) Change in indebtedness (to) from affiliates, net 291,897 (137,316) (198,112) Change in other assets and liabilities, net (732,349) 1,358,864 (618,844) --------------- -------------- ------------- Net cash provided by (used in) operating activities 1,603,246 (2,645,902) (1,381,527) --------------- -------------- ------------- | 207 | 10K |
5394 | 900 | The following table details the profit sharing commission revenue sensitivity of the Contract Binding operating unit for each effective quota share treaty at 5.0% above and below the current estimate, which we believe is a reasonably likely range of variance ($ in thousands). | 43 | 10K |
AegonNV-AR_2009 | 2,789 | Comparative information on subprime ABS mortgage exposure by quality and vintage - 2008 figures: Market value by Quality and Vintage | 20 | annual_report |
SwissLifeHoldingAG-AR_2004 | 403 | Advisory Committee – Stifterverband für die Deutsche Wissenschaft, Member of the Board of Trustees | 14 | annual_report |
DirectLineInsuranceGroupPLC-AR_2019 | 1,097 | Biography Danuta is Chair of the Remuneration Committee. The Board benefits from her previous experience as a Chief Executive and NED (including two positions as Chairs of Remuneration Committees), significant experience in sales, marketing, customer services and technology and in leading and changing large businesses. | 45 | annual_report |
fr_axa-AR_2015 | 8,360 | Directors as well as the structure and composition of the Board of Directors’ Committees is set forth in Section 2.1 “Corporate offi cers, executives and employees” of this Annual Report. | 30 | annual_report |
fr_axa-AR_2007 | 6,106 | Balance sheet liability at the beginning of the year (6,430) (6,654) (5,666) (595) (703) (572) | 15 | annual_report |
de_allianz-AR_2014 | 3,067 | The U.S. Department of Justice (DOJ) is conducting an investigation into whether certain employees of Fireman’s Fund Insurance Company (FFIC), a subsidiary of Allianz SE, engaged in a violation of the False Claims Act in connection with FFIC’s involvement as a provider of federal crop insurance from 1997 to 2003. The investigation concerns the issue of whether FFIC employees submitted false claims to the government through various practices, including backdating and inappropriately designating new producer status. Two former FFIC claims employees and one contract adjuster have pled guilty to assisting farmers in asserting fraudulent crop claims. The DOJ and FFIC are in negotiations to reach a final resolution of this matter. FFIC has made a proper provision for this matter. | 120 | annual_report |
fr_axa-AR_2006 | 2,814 | Income tax expenses increased by €22 million to €–59 million, mainly as a result of higher taxable income. | 18 | annual_report |
ch_zurich_insurance_group-AR_2014 | 3,178 | • Modeling changes increased embedded value by USD 282 million. The main contributors were Germany with USD 195 million as a result of more granular product modeling and the UK with USD 59 million from the inclusion of an allowance for salary inflation in Group business. | 46 | annual_report |
3999 | 409 | Periodic actuarial analyses of the Company’s loss reserves are performed. These analyses have typically included a comprehensive review performed in the third quarter based on data as of June 30 and an update of the comprehensive review performed in January based on data as of December 31. In 2009, the Company changed the timing of the comprehensive review to occur in the fourth quarter using data as of September 30. In between these analyses, management monitors claim activity against benchmarks of expected claim activity prepared in connection with the comprehensive review and records adjustments as necessary. | 96 | 10K |
de_allianz-AR_2012 | 1,108 | – and investment vehicles such as our EcoTrends fund, which allows customers to put their money in clean technologies. | 19 | annual_report |
HelvetiaHoldingAG-AR_2013 | 1,589 | Helvetia Holding AG, St Gall, issued a new bond of CHF 150 million on 8 April 2013. The bond pays interest at 1.125 % over a term of six years. With this issuance, Helvetia refinanced a bond that expired on 19 April 2013, whilst exploiting favourable market conditions. The bond was repaid at nominal value. | 55 | annual_report |
3387 | 3,140 | The Company is also subject to other financial guarantees and indemnity arrangements. The Company has provided indemnities and guarantees related to acquisitions, dispositions, investments and other transactions that are triggered by, among other things, breaches of representations, warranties or covenants provided by the Company. These obligations are typically subject to various time limitations, defined by the contract or by operation of law, such as statutes of limitation. In some cases, the maximum potential obligation is subject to contractual limitations, while in other cases such limitations are not specified or applicable. Since certain of these obligations are not subject to limitations, it is not possible to determine the maximum potential amount due under these guarantees. At December 31, 2007, the Company has accrued liabilities of $7 million associated with all other financial guarantees and indemnity arrangements, which does not include retained liabilities associated with sold businesses. | 145 | 10K |
gb_prudential-AR_2006 | 936 | Fixed index annuity sales continued to be affected by the uncertain regulatory environment in the US. APE sales of £55 million were 10 per cent down on 2005. Jackson’s market share in 2006 was 3.7 per cent, compared to 3.8 per cent in the prior year. | 46 | annual_report |
NatwestGroupPLC-AR_2018 | 1,756 | The adequacy and effectiveness of selected key controls owned and operated by the second line of defence are also tested (with a particular focus on credit risk and market risk controls). Selected controls within the scope of Section 404 of the US Sarbanes-Oxley Act 2002 as well as selected controls supporting risk data aggregation and reporting are also reviewed. Assurance is carried out on Anti-Money Laundering, Sanctions, and Anti-Bribery & Corruption processes and controls. This helps inform whether or not the financial crime control environment is adequate and effective and whether financial crime risk is appropriately identified, managed and mitigated. The Risk Assurance Committee ensures a consistent and fair approach to all aspects of the second-line assurance review activities. The committee also monitors and validates the ongoing programme of reviews and tracks the remediation of the more material review actions. | 140 | annual_report |
2875 | 440 | The reader is referred to the complete disclosure on reportable segments in Note 15, Reportable Segments, of the Notes to the Company’s Consolidated Financial Statements included in Item 8 of this Form 10-K. | 33 | 10K |
1653 | 373 | Reinsurance Revenues. For renewable term reinsurance, we record as "premiums" the amount of reinsurance premiums we receive over the paying periods of the reinsured policies. For policies reinsured on a coinsurance or modified coinsurance basis, we record as "reinsured policy revenues" a proportionate share of gross revenues received by the ceding life company over the paying periods of the reinsured policies. These revenues represent the policy mortality and expense charges, asset-based allowances and deferred sales charges that have been assessed against the reinsured policy account balances. As we elect to convert coverage on policies that we currently reinsure on a renewable term basis to a coinsurance or modified coinsurance basis, the associated premium revenues for those policies will discontinue, and our proportionate share of the associated mortality and expense charges, asset based allowances and deferred sales charges will be recorded as reinsured policy revenues. | 144 | 10K |
5700 | 20,726 | (b)Represents the weighted average interest crediting rate of non-U.S. cash balance plans primarily in Japan and Switzerland. | 17 | 10K |
2811 | 431 | We are subject to numerous litigation claims that arise in the ordinary course of business. In accordance with SFAS No. 5, “Accounting for Contingencies,” if it is probable that an asset has been impaired or a liability has been incurred at the date of the financial statements and the amount of the loss is estimable, an accrual for the costs to resolve these claims is recorded in accrued expenses in the accompanying Consolidated Balance Sheets. Professional fees related to these claims are included in other operating expenses in the accompanying Consolidated Statements of Income. Management, with the assistance of outside counsel, determines whether it is probable that a liability has been incurred and estimates the amount of loss based upon analysis of individual issues. New developments or changes in settlement strategy in dealing with these matters may significantly affect the required reserves and impact our net income. | 147 | 10K |
1565 | 331 | In July 1999, Investors Fidelity Life Assurance Corp. (IFLAC), a subsidiary of Consumers Life, filed an application with the Ohio Department of Insurance to formally discontinue its business as a life insurance company. In September 1999, the Ohio Department issued an order accepting the surrender of IFLAC s certificate of authority. | 51 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2003 | 1,294 | ASSETS Notes Prev. year Change €m €m €m €m €m % | 11 | annual_report |
4056 | 1,445 | The Company uses a reserving methodology that establishes a point estimate for ultimate losses. The point estimate represents management’s best estimate of ultimate losses and loss expenses. The Company does not select a range as part of its loss reserving process. The extent of reliance on management judgment in the reserving process differs depending on the circumstances surrounding the estimations, including the volume and credibility of data, the perceived relevance of historical data to future conditions, the stability or lack of stability in the Company’s operational processes for handling losses (including claims practices and systems) and other factors. The Company reviews its reserving assumptions and methodologies on a quarterly basis. Two of the most critical assumptions in establishing reserves are loss emergence patterns and expected (or “prior”) loss ratios. Loss emergence patterns are critical to the reserving process as they can be one key indicator of the ultimate liability. A pattern of reported loss emergence different from expectations may indicate a change in the loss climate and may thus influence the estimate of future payments that should be reflected in reserves. Expected loss ratios are a primary component in the Company’s calculation of estimated ultimate losses for business at an early stage in its development. | 205 | 10K |
AdmiralGroupPLC-AR_2016 | 941 | Membership Membership of the Committee at the end of the year was: Colin Holmes (Chair), Annette Court, Penny James and Owen Clarke who joined the Committee with effect from 1 January 2016. | 32 | annual_report |
BaloiseHoldingLtd-AR_2016 | 1,770 | As part of the Baloise Group-wide Risk Management Standards, investment planning and appropriate asset and liability management ensure that any divergence in maturities and the interest rate risk incurred are managed within the risk-bearing ability available. | 36 | annual_report |
INGGroepNV-AR_2009 | 448 | Commercial Banking achieved a very strong commercial performance in what was again an extremely challenging year for the industry. The business was boosted by strong income growth in Financial Markets, Structured Finance and General Lending. However, overall results were significantly affected by negative revaluations and impairments on real estate. ING succeeded in reducing costs in 2009 but loan loss provisions increased. Commercial Banking remained dedicated to its Fitter, Focused, Further strategy in 2009, with the aim of becoming a leader in several key markets and products by the end of 2010. The success of this strategy was underscored by solid market penetration, lead bank standing and landmark deal participation in its home markets. | 113 | annual_report |
4189 | 1,044 | As mentioned above the increase in income from operations in 2010 included an $18 million favorable variance in the amortization of DAC/DSI related to the impact of the mark-to-market of living benefit embedded derivatives, including any reinsured liabilities, and related hedge positions. This impact primarily relates to updates to the inputs used in the valuation of the reinsured liability for living benefit embedded derivatives, primarily due to reductions in the expected lapse rate assumption based on actual experience in 2010. Also contributing to lower DAC/DSI amortization is the impact of a change in our market-perceived non-performance risk (NPR). | 98 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2012 | 606 | Group of PLN 118.9 million was charged to the profit/loss for 2011 and presented under “Other operating revenue” of the consolidated income statement. | 23 | annual_report |
5274 | 1,093 | Financing Activities. Cash provided by financing activities for the year ended December 31, 2016, was $4.4 million as compared to $12.6 million for the same period in 2015. The higher cash provided by financing activities in 2015 was from the proceeds of the initial public offering, partially offset by the repayment of the line of credit. | 56 | 10K |
AvivaPLC-AR_2015 | 328 | In Italy, we developed a composite life and general insurance proposition tailored specifically for female customers, with over 13,000 policies sold in 2015. We also launched other combinations of life and protection products, including with-profit, unit-linked and protection, with more than £345 million (€450 million) of premiums in that market in 2015. | 52 | annual_report |
fr_axa-AR_2010 | 530 | (1) Some countries classify health activity in the Property & Casualty segment, while other countries classify it in the Life & Savings segment. | 23 | annual_report |
5129 | 527 | Purchase of Company Stock: On November 9, 2015, the Board of Directors of the Company approved the purchase of an additional 163,335 shares pursuant to the Company’s repurchase plan, such that there was authority remaining under the plan to purchase up to an aggregate of 500,000 shares of the Company’s common stock pursuant to the plan immediately after this approval. Unless terminated earlier by resolution of the Board of Directors, the plan will expire when all shares authorized for purchase under the plan have been purchased. Pursuant to the Company’s ongoing purchase program, the Company has purchased 75,665 shares in the twelve months ended December 31, 2015, 15,372 shares in the twelve months ended December 31, 2014, and 56,223 shares in the twelve months ended December 31, 2013 at an average per share price of $72.48, $68.68 and $75.81, respectively. The Company anticipates making further purchases under this plan from time to time in the future, depending on such factors as the prevailing market price of the Company’s common stock, the Company’s available cash and then existing alternative uses for such cash. | 182 | 10K |
4489 | 630 | We also consider our market capitalization in assessing the reasonableness of the fair values estimated for our reporting units in connection with our goodwill impairment testing. We believe that our market capitalization at December 31, 2011 is not representative of the underlying fair value of its reporting units, due primarily to the following: | 53 | 10K |
gb_prudential-AR_2013 | 229 | M&G has been recognised for its investment performance with numerous awards, including Investment Manager of | 15 | annual_report |
SwissReAG-AR_2016 | 4,187 | Across our efforts, we seek to develop solutions that improve access to insurance protection, especially in emerging and developing countries. | 20 | annual_report |
NatwestGroupPLC-AR_2014 | 9,044 | Basel III has been implemented in the EU with a new Directive and | 13 | annual_report |
3671 | 1,669 | and $2.4 million of accrued interest related to uncertain tax positions as a result of EGI’s adoption of FIN 48 on January 1, 2007. | 24 | 10K |
LloydsBankingGroupPLC-AR_2001 | 511 | To reduce credit risk the Group uses a variety of credit enhancement techiques such as netting and collateralisation, where security is provided against the exposure. | 25 | annual_report |
4779 | 3,414 | When net investments in foreign operations are sold or substantially liquidated, the amounts in AOCI are reclassified to the consolidated statements of operations. | 23 | 10K |
INGGroepNV-AR_2012 | 2,234 | Notes to the consolidated annual accounts of ING Group continued 143ING Group Annual Report 2012 1 W h o w e are 2 R | 24 | annual_report |
5502 | 791 | Net income, in general, has been positively impacted by the growth in the volume of business in force and the investment spread earned on this business. The average amount of annuity account balances outstanding (net of annuity liabilities ceded under coinsurance agreements) increased 8% to $46.8 billion for the year ended December 31, 2017 compared to $43.5 billion in 2016 and 14% for the year ended December 31, 2016 compared to $38.1 billion in 2015. Our investment spread measured in dollars was $1.2 billion, $1.0 billion, and $924.8 million for the years ended December 31, 2017, 2016 and 2015, respectively. As previously mentioned, our investment spread has been negatively impacted by the extended low interest rate environment (see Net investment income). | 121 | 10K |
5433 | 1,129 | For the year ended December 31, 2017, we recorded income tax expense of $326 million on pre-tax earnings of $1.1 billion, or an effective tax rate of 28.7%. The effective tax rate reflects the effect of Income Tax Reform and the health insurer fee moratorium. For the year ended December 31, 2017, we recorded lower income tax expense of $125 million related to the provisional effect of the income tax rate reduction, primarily represented as a reduction to our deferred income tax liabilities. For the year ended December 31, 2016, we recorded income tax expense of $599 million on pre-tax earnings of $1.2 billion, or an effective tax rate of 51.8%, which reflects the non-deductibility of the health insurer fee expense as well as the non-deductibility of certain acquisition related costs incurred in connection with the closing of our acquisition of Health Net. | 143 | 10K |
4182 | 1,446 | Beginning on January 1, 2010, the Company had the right to redeem the Series A and Series B redeemable preferred stock, in whole or in part, based on the following time frames at the redemption prices set forth below (expressed in percentages of the liquidation amount), plus accumulated and unpaid dividends to the redemption date: | 55 | 10K |
ScorSE-AR_2011 | 4,786 | (1) The perimeter Transamerica includes the following companies : SCOR Life Assurance Company, SCOR Life Reinsurance Company and SCOR International Re | 21 | annual_report |
PosteItalianeSpA-AR_2016 | 3,873 | In compliance with Bank of Italy Circular 285/2013(87), these services are in turn classified in the General Guidelines as essential and non-essential control and operating functions. | 26 | annual_report |
5594 | 1,993 | For LPs/LLCs accounted for using the equity method, the carrying value of these investments is written down or impaired | 19 | 10K |
GjensidigeForsikringASA-AR_2017 | 283 | Loss prevention Our core business – insurance – gives customers security by reducing or removing negative financial consequences of damage, injuries and accidents. This is an important welfare need in modern societies. It is nonetheless better for the customer, the insurance company and society as a whole to prevent such events occurring. Loss prevention is therefore a natural and important part of Gjensidige’s core activities and corporate social responsibility. | 69 | annual_report |
3734 | 7,295 | The ten largest losses from sales of individual securities for the year ended December 31, 2008 totaled $239 million and ranged from $12 million to $46 million. Five securities totaling $54 million were in an unrealized loss position greater than or equal to 20% of amortized cost for fixed income securities or cost for equity securities for a period of less than six consecutive months. One security totaling $13 million was in an unrealized loss position greater than or equal to 20% of amortized cost for fixed income securities or cost for equity securities for a period of more than six but less than twelve consecutive months. | 107 | 10K |
RSAInsuranceGroupPLC-AR_2013 | 1,548 | 2. Under the terms of the Company’s all-employee Sharebuild Plan (an HMRC-approved Share Incentive Plan), the Matching Shares awarded between December 2009 and February 2011 have vested. Any Matching Shares which have vested under the rules have remained in the Trust and are included in the above table. 3. Simon Lee resigned from the Board and his employment ended on 12 December 2013, and he received his Partnership Shares, vested Matching Shares and Dividend Shares as at that date in accordance with the rules of the Sharebuild Plan. A total of 3,839 unvested Matching Shares in the Scheme were forfeited upon his resignation. | 103 | annual_report |
2510 | 1,563 | New business written premium for the year ended December 31, 2004 of $1,148 was up from $1,038 for the year ended December 31, 2003, due to an increase in new business written premium for small commercial of $172, partially offset by a decrease in new business written premium for middle market of $61. The new business premium growth in Small Commercial was due primarily to growth from the Select Xpand product and growth from an increase in the number of agents, partially offset by the moderation in written pricing increases. | 90 | 10K |
SwissReAG-AR_2015 | 1,176 | More information is provided in the sections “Conditional and authorised capital in particular” below and “Changes in capital” on page 82. | 21 | annual_report |
ch_zurich_insurance_group-AR_2007 | 941 | International Businesses in USD millions, for the years ended December 31 2007 2006 Change | 14 | annual_report |
2115 | 716 | As of December 31, 2003, 2002, and 2001, statutory capital and surplus for NCRIC was sufficient to satisfy regulatory requirements. Each insurance company is restricted under the applicable Insurance Code as to the amount of dividends it may pay without regulatory consent. | 42 | 10K |
TopdanmarkAS-AR_2014 | 278 | Solvency calculation and capital requirements An important goal of Solvency II is to promote good risk management based on market values and actual risk calculations. Solvency II will include a standard model for calculation of solvency requirements, which will be common to all insurance companies in the EU. Although the model will provide the opportunity for companyspecific values for some variables, the standard model will not provide a fair view of all the risk elements of all companies. | 78 | annual_report |
StorebrandASA-AR_2013 | 2,399 | BTP. The amount is 10 per cent of the annual salary up to 7.5 times the basic income amount, which was SEK 56,600 in 2013 and will be SEK | 29 | annual_report |
2123 | 518 | In the commercial lines segment in 2002, we had an underwriting gain of $2.9 million, a combined ratio of 85.6%, a loss and loss adjustment expense ratio of 36.3% and an underwriting expense ratio of 49.3%, compared to an underwriting gain of $1.5 million, a combined ratio of 90.4%, a loss and loss adjustment expense ratio of 42.5% and an underwriting expense ratio of 47.9% for 2001. In the personal lines segment in 2002, we had an underwriting loss of $1.4 million, a combined ratio of 107.0%, a loss and loss adjustment expense ratio of 62.8% and an underwriting expense ratio of 44.2%, compared to an underwriting gain of $500,000, a combined ratio of 96.8%, a loss and loss adjustment expense ratio of 52.0% and an underwriting expense ratio of 44.8% for 2001. | 133 | 10K |
5213 | 1,894 | Ambac Assurance Corporation v. Fort Leavenworth Frontier Heritage Communities, II, LLC (U.S. District Court, District of Kansas, Index No. 15-CV-9596). Ambac Assurance filed this action on November 19, 2015. On January 4, 2016, defendant moved to dismiss for failure to join an indispensable party, which Ambac Assurance opposed on January 25, 2016. On June 29, 2016, the court denied defendant’s motion to dismiss and granted Ambac Assurance leave to file an amended complaint, which was filed on July 13, 2016. On August 1, 2016, Defendant filed a motion to dismiss the amended complaint for lack of subject matter jurisdiction. Ambac Assurance opposed the motion. | 104 | 10K |
5521 | 1,335 | U.S. corporate public securities, Foreign corporate public securities, and foreign governments: Fair value is determined using third-party commercial pricing services, with the primary inputs being benchmark yields, trades of comparable securities, issuer ratings, bids and credit spreads off benchmark yields. | 40 | 10K |
AdmiralGroupPLC-AR_2008 | 835 | Cash flows from investing activities: Purchases of property, plant and equipment and software (11,315) (5,390) | 15 | annual_report |
PhoenixGroupHoldingsPLC-AR_2019 | 2,363 | Based on our procedures performed on the ERM financial investments and the modelled debt securities, we are satisfied that the valuation of these complex and illiquid assets is reasonable� | 29 | annual_report |
StandardLifeAberdeenPLC-AR_2011 | 1,868 | • Changes in management actions, including the dynamic guarantee deductions, are allowed for according to the particular economic scenario, such actions being expected to be consistent with the way that the HWPF will be managed in future as described in the Scheme and in the Principles and Practices of Financial Management (PPFM) | 52 | annual_report |
4095 | 3,266 | In addition, the Company issues variable life, variable universal life and universal life contracts where the Company contractually guarantees to the contractholder a death benefit even when there is insufficient value to cover monthly mortality and expense charges, whereas otherwise the contract would typically lapse (“no lapse guarantee”). Variable life and variable universal life contracts are offered with general and separate account options. | 63 | 10K |
5631 | 322 | Premiums and contract charges increased 6.4% or $84 million in 2017 compared to 2016, primarily due to higher traditional life insurance premiums related to the reinsurance agreement with Allstate Assurance Company (“AAC”) to assume certain term life policies effective January 1, 2017 and growth in voluntary accident and health insurance. | 50 | 10K |
RSAInsuranceGroupPLC-AR_2011 | 1,244 | • The business review on pages 3 to 37, which is incorporated into the Directors’ report, includes a fair review of the development and performance of the business and the position of the Group and | 35 | annual_report |
4282 | 755 | Revenues consist of premiums, administrative fees, net investment income and net capital gains and losses. Historically, premium growth in our Insurance Services segment and administrative fee revenues growth in our Asset Management segment have been the primary drivers of consolidated revenue growth. | 42 | 10K |
SwissReAG-AR_2015 | 3,782 | During an IRR, our underwriting teams are now automatically asked a number of specific questions about their potential exposure to sustainability risks. The results and recommendations for improvement are reported to the Group | 33 | annual_report |
2279 | 531 | The net present value of inforce revenue is typically amortized between 20 and 30 years (the expected average policy duration). The determination of the amortization schedule involves making certain assumptions related to persistency, expenses, and discount rates that are used in the calculation of the carrying value of inforce revenue. If any of these assumptions change or actual experience differs materially from the assumptions used, it could affect the carrying value of the inforce revenue. | 75 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2014 | 2,522 | Members of the Management Board, including the President of the Management Board, are appointed and dismissed by the Supervisory Board; however, members of the Management | 25 | annual_report |
3290 | 887 | In 2006, consolidated revenues from continuing operations increased 18% to $2.7 billion from $2.3 billion in 2005. Growth in insurance revenues resulted from an increase in net investment income and net realized gains from investment securities. An increase in investment management services’ interest income resulting from growth in the asset/liability products segment was partially offset by a decrease in investment management services’ net gains on derivative instruments and foreign exchange. Consolidated expenses from continuing operations increased 23% to $1.6 billion in 2006 from $1.3 billion in 2005. This increase was principally due to an | 94 | 10K |
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