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4828
2,522
Under AGL's Bye-Laws and subject to Bermuda law, if AGL's Board of Directors determines that any ownership of AGL's shares may result in adverse tax, legal or regulatory consequences to the Company, any of the Company's subsidiaries or any of its shareholders or indirect holders of shares or its Affiliates (other than ...
245
10K
NatixisSA-AR_2017
265
Under the plans to establish sector-based teams, the GMC business will, in 2018, become a joint venture between the new Energy & Natural Resources business line and Global Markets. The objective is to enhance commercial efficiency in the marketing of commodities products and increase synergies with clients.
47
annual_report
SwissLifeHoldingAG-AR_2013
1,880
Transfers to investment property 14 –11 – – – –11 revaluation in respect of transfers to investment property 4 – – – 4
23
annual_report
AdmiralGroupPLC-AR_2019
3,028
The segment consists of the underwriting of car insurance, van insurance, household insurance, travel insurance and other products that supplement these insurance policies within the UK. It also includes the generation of revenue from additional products and fees from underwriting insurance in the UK. The Directors con...
87
annual_report
gb_lloyds_banking_grp-AR_2014
1,785
The Committee is comprised of Non-Executive Directors from a wide background to provide a balanced and independent view on remuneration matters.
21
annual_report
1800
498
Amortization expense. Amortization expense totaled $68.0 million in 2000 compared with $73.6 million in 1999. Excluding the effect of the payroll-deduction business, amortization expense decreased $1.4 million from 1999 to 2000. Amortization expense related to the Company's universal life insurance business decreased $...
98
10K
5696
690
As discussed previously, general corporate expenses tend to fluctuate relative to our incentive compensation plans. Our compensation model measures components of comprehensive earnings against a minimum required return on our capital. Bonuses are earned as we generate earnings in excess of this required return. In 2019...
76
10K
gb_prudential-AR_2019
5,814
We�were�appointed�as�auditor�by�the� shareholders�in�October�1999.�The�period� of�total�uninterrupted�engagement�is�for� the�21�financial�years�ended�31�December� 2019.�We�have�fulfilled�our�ethical� responsibilities�under,�and�we�remain� independent�of�the�Group�in�accordance� with,�UK�ethical�requirements�including� ...
12
annual_report
5809
1,314
(2)Investment income from fixed maturity securities includes amounts from FVO Securities of $140 million and $184 million for the years ended December 31, 2020 and 2019, respectively.
27
10K
GjensidigeForsikringASA-AR_2017
980
Earned premiums increased to NOK 1,074.7 million (1,036.3), although the underlying increase was NOK 6.2 million lower when adjusted for currency effects. The positive premium development was driven by portfolio restructuring and repricing measures.
34
annual_report
4948
1,423
Losses and loss adjustment expenses for the year ended December 31, 2013 included $10.5 million of unfavorable loss reserve development in general liability lines resulting from asbestos exposure. The unfavorable development was driven by increasing defense costs in the primary book of business, higher than expected lo...
94
10K
AvivaPLC-AR_2010
2,060
Notes to the consolidated financial statements 1 Exchange rates 191 2 Presentation changes 191 3 Subsidiaries 192 4 Segmental information 195 5 Details of income 202 6 Details of expenses 203 7 Finance costs 205 8 Long-term business economic volatility 206 9 Longer-term investment return and economic assumption changes...
123
annual_report
218
298
ALLOWANCE FOR DOUBTFUL ACCOUNTS: Allowances are provided for uncollectible reinsurance recoverables and other doubtful receivables. The allowance is recorded as a valuation account and reduces the corresponding asset. The allowance was $135 million and $121 million at December 31, 1995 and 1994, respectively.
43
10K
SwissReAG-AR_2014
1,211
̤ The “Ordinance Against Excessive Compensation at Public Corporations” (Ordinance) became effective on 1 January 2014.
16
annual_report
NatwestGroupPLC-AR_2017
6,406
In addition, the Bank of England may use the bail-in tool to, among other things, replace or substitute the issuer as obligor in respect of debt instruments, modify the terms of debt instruments (including altering the maturity (if any) and/or the amount of interest payable and/or imposing a temporary suspension on pay...
152
annual_report
4321
575
whether there are any adverse qualitative factors indicating an impairment may exist. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2010. Management does not expect the adoption of this standard to have a material impact on the Company’s consolidated financial s...
48
10K
gb_lloyds_banking_grp-AR_2015
5,863
NOTE 8: RELATED PARTY TRANSACTIONS In January 2009 HM Treasury became a related party of the Company and has remained so until 11 May 2015. From 1 January 2011, in accordance with IAS 24, UK Government-controlled entities also became related parties of the Group. Further information on the relationship and transactions...
68
annual_report
ch_zurich_insurance_group-AR_2014
2,694
Fair value hierarchy – unit-linked – current period in USD millions, as of December 31, 2014 Level 1 Level 2 Level 3 Total
23
annual_report
319
273
The consolidated financial statements have been prepared in accordance with generally accepted accounting principles (GAAP), which vary in certain respects from statutory accounting practices followed in reporting to insurance regulatory authorities (see note 13 for the effects of such differences).
40
10K
ScorSE-AR_2009
3,734
G GOODWILL Goodwill comprises the residual difference between the identifiable assets of an acquired entity and the purchase price paid in a business combination. Goodwill is recognised as an asset in the balance sheet, and represents future economic benefits expected to be generated from assets that are not capable of...
65
annual_report
3772
486
In June 2008, the FASB issued EITF Issue No. 03-6-1, “Determining Whether Instruments Granted in Share-Based Payment Transactions Are Participating Securities.” EITF No. 03-6-1 addresses whether instruments granted in share-based payment transactions are participating securities prior to vesting and, therefore, need to...
120
10K
nl_ing_grp-AR_2018
360
To fight cybercrime, ING also maintains a strong global cybercrime alliance with the financial industry, law enforcement authorities, governments and internet service providers.
23
annual_report
388
572
The results of operations for the year ended December 31, 1994 and 1995 include the operations of American Progressive, American Pioneer and WorldNet.
23
10K
5790
915
Lower (higher) expenses - Represents the period over period comparison of expenses relative to growth in earned premium. Volume driven expenses typically fluctuate commensurate with changes in premium. Accordingly, as we grow premium, these expenses increase from an absolute dollar perspective, but tend to stay proport...
102
10K
4426
789
Certain reclassifications have been made to prior year financial statements to conform to classifications used in the current year.
19
10K
2528
560
Gross Premiums Written. Gross premiums written for the year ended December 31, 2003 increased by $663.7 million, or 35.0%, to $2.6 billion from $1.9 billion for the year ended December 31, 2002. Insurance and reinsurance market conditions improved substantially on a global basis the past two years, providing the key fa...
98
10K
AegonNV-AR_2018
6,978
Investment contracts Investment contracts are investment products that offer returns and generate fee income from the performance of the investments.
20
annual_report
Sampoplc-AR_2006
3,983
Sampo Life’s unit-linked premiums written increased by about 45 per cent to almost EUR 400 million. A good two-thirds of premiums written originated from endowment policies, in which new structured investment products attracted retail and corporate customers alike. Due to the positive trend, Sampo Life’s market share o...
76
annual_report
RSAInsuranceGroupPLC-AR_2009
29
MArKet PoSItIon through codan in denmark and trygg-hansa in Sweden, we are the third largest insurer in both markets. We also have a growing presence in norway and a niche marine business in finland.
34
annual_report
3011
5,561
For additional information about our liability for unpaid losses and loss adjustment expenses, see Note 4 to the Consolidated Financial Statements as well as “Item 1 - Business - Loss Reserves.”
31
10K
de_allianz-AR_2008
3,303
Credit risk exposure of loans to banks and customers designated at fair value through income
15
annual_report
1163
522
Note 18--Commitments and Contingencies (continued) District Court requesting that it order certain contract funeral directors to comply with their obligations under the Final Judgment in Battle and their funeral service contracts. A petition was filed on April 8, 1996 on behalf of a group of funeral directors seeking t...
252
10K
5660
1,392
Computer software, which is included in other assets, is stated at cost, less accumulated amortization. Purchased software costs, as well as certain internal and external costs incurred to develop internal-use computer software during the application development stage, are capitalized. Such costs are amortized generall...
104
10K
3072
1,012
The following table provides the incremental effects of adopting the provisions of SFAS 158 on the Company’s balance sheet at December 31, 2006. The adoption of SFAS 158 had no effect on the Company’s consolidated statement of income for the year ended December 31, 2006, or for any prior period presented, and it will n...
63
10K
LloydsBankingGroupPLC-AR_2014
2,112
Results The consolidated income statement shows a statutory profit before tax for the year ended 31 December 2014 of £1,762 million. A summary of the Group’s results can be found on pages 35 to 43 and is incorporated into this report by reference.
43
annual_report
NatixisSA-AR_2019
2,529
Central governments or central banks 29,616 511 41 36,350 531 42
11
annual_report
5616
2,396
The Company’s target asset allocation is designed to provide an acceptable level of risk and balance between return-seeking assets and liability-hedging fixed income assets. The weighting towards return-seeking securities is designed to help provide for an increased level of asset growth potential and liquidity.
44
10K
5360
688
Operating revenue increased $2,062.0, or 5.3%, to $40,754.1 in 2017, primarily due to premium rate increases designed to cover overall cost trends in our Individual and Local Group businesses. The increase was further attributable to membership growth in our fully-insured Large Group business and an increase in adminis...
119
10K
CNPAssurancesSA-AR_2007
419
 Possible generalisation of "subscriber expenses" guarantees such as for GDF bills
12
annual_report
StorebrandASA-AR_2013
162
The new European solvency regulations for life insurance companies, Solvency II, have been pointed out as the greatest threat to how Norwegian life insurance companies operate today. Even though the industry has been working on adapting to these rules for several years, there is still a certain degree of uncertainty as...
58
annual_report
4620
1,745
When assessing our intent to sell a fixed maturity security or if it is more likely that we will be required to sell a fixed maturity security before recovery of its cost basis, we evaluate facts and circumstances such as, but not limited to, decisions to reposition our security portfolio, sale of securities to meet ca...
331
10K
1343
521
Goodwill increased $57.7 million, from $12.7 million at December 31, 1998 to $70.4 million at December 31, 1999. The increase is primarily related to the acquisitions of AFP and Tenere, of $55.0 million and $3.9 million, respectively.
37
10K
5419
1,753
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, 2017, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Spo...
75
10K
NatixisSA-AR_2005
1,040
LBO and acquisition financing was again the main contributor, with net banking income of B83.2 million in 2005. Real estate financing produced net banking income of B62 million,
28
annual_report
198
344
On March 29, 1994, the Company formed a direct, wholly owned subsidiary, Capsure Financial Group, Inc. ("CFG"), to which Capsure contributed substantially all its assets and liabilities. Concurrently, CFG entered into a senior reducing revolving credit agreement with a syndicate of banks for the principal amount of $13...
124
10K
5594
2,773
Other ASU issued but not yet adopted as of December 31, 2018
12
10K
1103
659
Recent prices (i.e., discount rates used in determining valuations) paid by others to acquire or recapture similar blocks of business.
20
10K
5548
737
Year Ended December 31, 2018-Net cash used in investing activities of $25.8 million during 2018 was due to $14.9 million of net cash used to acquire GoMedigap, $6.3 million in capitalized internal-use software and website development costs, and $4.5 million used to purchase property and equipment and other assets.
49
10K
RSAInsuranceGroupPLC-AR_2010
565
Personal lines and Motor and General Liability in Canada, while in the UK we’ve primarily seen positive prior year from Commercial
21
annual_report
5066
1,281
Management believes the Company will have sufficient liquidity to satisfy its needs over the next twelve months including the ability to pay interest on our senior notes and dividends on our common stock.
33
10K
StandardLifeAberdeenPLC-AR_2019
3,407
Equity securities and interests in pooled investment funds at FVTPL 195 76 Debt securities 78 22 Assets held for sale 23 2 81 Total seed capital 275 179
28
annual_report
266
151
Commitments to extend mortgage loans have only off-balance-sheet risk because their contractual amounts are not recorded in the Company's statements of financial position.
23
10K
AssicurazioniGeneraliSpA-AR_2014
3,738
Fa ir v alu e ga ins or lo ss es thr ou gh pr ofit or los s
19
annual_report
3671
898
Our insurance-related earnings are primarily comprised of reductions, or potential increases, of net loss and loss adjustment expense liabilities. These liabilities are comprised of:
24
10K
2425
1,906
The following table illustrates the effect on net income (loss) and earnings per share for each period indicated as if the Company had applied the fair value recognition provisions of FAS 123 to all outstanding and unvested stock-based employee awards.
40
10K
NatwestGroupPLC-AR_2013
2,970
Changes to credit models The Group reviews and updates models on an ongoing basis, reflecting more recent data, changes to products and portfolios, and updated regulatory requirements. Extensive changes were made to wholesale models in 2012 and 2013. This process continues with further changes, notably in banks and cor...
54
annual_report
SwissReAG-AR_2019
1,745
Allocation The approved Group API pool is further allocated to the Group EC and other senior executive pools, and to pools of different Business Units/Group Functions. This allocation is agreed by the Group CEO based on the assessment of financial and qualitative performance of the respective business area.
48
annual_report
5701
626
The fair value of the Company's long-term fixed maturity investment portfolio is sensitive, however, to fluctuations in the level of interest rates, but not materially affected by changes in anticipated cash flows caused by any prepayments. The impact of interest rate movements on the long-term fixed maturity investmen...
147
10K
SwissLifeHoldingAG-AR_2019
828
Responsible and sustainable corporate governance is of central importance for Swiss Life. It structures its corporate governance openly and transparently in compliance with the acknowledged national and international standards.
29
annual_report
4314
1,116
During the fourth quarter of 2010, the Company recorded an additional net $3.5 million goodwill impairment charge related in part to additional consideration paid for the purchase of BMSI. See Note 3, “Goodwill and Intangible Assets", to the audited consolidated financial statements contained in this Item 8.
47
10K
5945
1,536
The unrealized losses as of December 31, 2020 and 2019 were primarily related to changes in the interest rate environment. Fair values of interest rate sensitive instruments may be affected by increases and decreases in prevailing interest rates which generally translate, respectively, into decreases and increases in f...
89
10K
ScorSE-AR_2009
842
On its European markets, SCOR has maintained its positions thanks to its range of services and its strong presence and commercial activity.
22
annual_report
4702
1,501
If the counterparties for the call options we hold fail to meet their obligations, we may have to recognize a loss. We limit our exposure to such a loss by diversifying among several counterparties believed to be strong and creditworthy. At December 31, 2013, substantially all of our counterparties were rated "BBB+" or...
60
10K
4230
3,139
On May 1, 2009, the Company’s Gibraltar Life operations acquired Yamato Life, a Japanese life insurance company that declared bankruptcy in October 2008. Gibraltar Life served as the reorganization sponsor for Yamato and under the reorganization agreement acquired Yamato by contributing $72 million of capital to Yamato...
85
10K
5643
1,147
determined by calculating the implied fair value of goodwill by assigning the fair value of a reporting unit to all of its assets and liabilities. The carrying amount of goodwill is then reduced with a corresponding charge to expense.
39
10K
4478
897
The fair value of equity securities is based on the closing market value. The fair value of mutual fund holdings is based on the closing net asset value reported by the fund. The fair value of fixed maturities is based upon data supplied by an independent pricing service. It can be difficult to determine the fair value...
72
10K
2536
899
In December 2004, the Financial Accounting Standards Board issued FAS 123(R), “Share−Based Payment,” which establishes standards for transactions in which an entity exchanges its equity instruments for goods or services. FAS 123(R) requires stock options and other share−based payments made to employees to be accounted ...
157
10K
NatixisSA-AR_2018
13
Our asset and wealth management businesses model has demonstrated its value in volatile market one of the leading investment managers worldwide
21
annual_report
2503
814
As detailed in the following table, net realized and unrealized investment gains totaled approximately $7,315,000 for the two years ended December 31, 2004, while net realized and unrealized losses totaled approximately $11,953,000 for the three years ended December 31, 2002. The Company does not anticipate severe dete...
141
10K
GjensidigeForsikringASA-AR_2010
1,896
At the reporting date monetary items are retranslated to the functional currency at exchange rates at that date. non-monetary items denominated in foreign currencies that are measured at historical cost, are retranslated using the exchange rates at the date of the transaction. non-monetary items denominated in foreign ...
73
annual_report
ASRNederlandNV-AR_2018
4,956
Management Approach 2018 Disclosure on management approach Ch. 1.2, 2.3, 5.1 (p. 12, 31, 78-98)
15
annual_report
5688
16,553
The weighted average health care cost trend rate used in measuring the accumulated postretirement benefit cost is 7.0% for 2020, gradually declining to 4.5% in 2035 and remaining at that level thereafter.
32
10K
2621
714
Management's principal business objective is to grow the intrinsic value of the Company over the long term. To this end, it seeks to accumulate an insured portfolio of conservatively underwritten municipal and asset-backed obligations and attractively priced guaranteed investment contracts, in order to produce a reliab...
100
10K
4540
2,083
In June 2011, the Company adopted the 2011 Stock Incentive Plan (the “2011 Plan”), which effectively replaced the 2004 Stock Incentive Plan (the "2004 Plan"), from which stock-based awards were granted prior to the initial public offering. No further equity awards will be made under the 2004 Plan. The 2011 Plan allows ...
156
10K
SwissReAG-AR_2006
205
Swiss Re has dedicated resources to assess the potential risks of nanotechnology and promote the development of tailored risk management principles Swiss Re supports regulatory efforts to prevent increased exposure and ensure a balanced public dialogue on possible risks
39
annual_report
gb_prudential-AR_2019
1,399
Safe Schools During 2019, the Prudence Foundation continued to support the Safe Schools programme in partnership with Plan International and Save the Children in Cambodia, the Philippines and Thailand. This programme primarily focuses on disaster preparedness for students, teachers and local community members. Since 20...
56
annual_report
1969
1,166
The investment amounts set forth above are generally due in monthly installments. The payment periods generally range from two to 15 years, but in certain circumstances are as long as 30 years. These receivables are generally collateralized by the related property. The Company's deferred tax provision related to levera...
63
10K
ScorSE-AR_2019
4,527
Presentation of 2019 financial statements As the comparative balance sheet as at December 31, 2018 does not include the contributions of SGL SE, SGP&C SE and SHS to the Company, the impacts of the merger after elimination of internal operations between the three companies are presented in a specific column "2019 merger...
62
annual_report
gb_lloyds_banking_grp-AR_2017
5,284
Available-for-sale financial assets – – – 56,524 – – – 56,524
11
annual_report
PhoenixGroupHoldingsPLC-AR_2010
1,290
Under the SAyE arrangement, participants remaining in the Group’s employment at the end of the 3 or 5 year saving period are entitled to use their savings to purchase shares at an exercise price of £5.63. Employees leaving the Group for certain reasons are able to use their savings to purchase shares within six months ...
68
annual_report
de_allianz-AR_2012
1,297
Net income (loss) attributable to: Non-controlling interests 322 259 156 1 Total revenues comprise statutory gross premiums written in Property-Casualty and in Life/ Health, operating revenues in Asset Management and total revenues in Corporate and Other (Banking).
37
annual_report
391
152
Special project fees revenue decreased $3.23 million (26 percent) mainly due to the near completion of a one-time project in 1996 of product development performed under a contract for a customer that was in progress throughout 1995. This project produced $.45 million and $1.78 million of revenue in fiscal 1996 and 1995...
83
10K
PowszechnyZakladUbezpieczenSA-AR_2020
237
The restrictions on economic activity and freedom of movement imposed in March 2020 with a view to preventing the dissemination of the coronavirus translated into a decline in real GDP in Q2 2020 by as much as 8.4% y/y, following an increase by 1.9% y/y in Q1 2020. Disruptions in industrial supplies caused by the outbr...
117
annual_report
2544
1,051
The FASB ratified EITF Issue 04-08, “The Effects of Contingently Convertible Instruments on Diluted Earnings per Share,” which requires that contingently convertible debt be included in calculating diluted earnings per share regardless of whether the contingent feature has been met. The effective date is for reporting ...
107
10K
1849
982
- -------- (1) Ratio of policyholder benefits to earned premiums, policy charges and fee income. Group disability ratios include long-term care products. (2) Ratio of administrative operating expenses (excluding commissions) to gross premiums, policy charges and fee income.
38
10K
HiscoxLtd-AR_2001
130
During 2001, the businesses increased their gross written premiums |to £20.3m, a growth of 97%. £2.2m of the growth is as a result of the acquisition of the Construction and General Guarantee Insurance Company (CGGI) in Ireland, with the balance coming from organic growth. In continental Europe organic growth, together...
106
annual_report
LloydsBankingGroupPLC-AR_2011
5,842
Further information on the Group’s liquidity exposures is provided on pages 112 to 118.
14
annual_report
3474
698
In 2003, the Company formed two business trusts (the “Trusts”) for the purpose of issuing, in private placement transactions, $30.0 million of mandatorily redeemable trust preferred securities (“TPS”) and using the proceeds thereof, together with the equity proceeds received from APCapital in the initial formation of t...
64
10K
SwissReAG-AR_1965
109
The securities, or the corresponding deposit certificates, were examined on the 13th and 14th July and on the 21st September, 1966 and found to be in order. A check carried out on the 21st September, 1966 showed that the cash in hand corresponded with the books.
46
annual_report
AssicurazioniGeneraliSpA-AR_2018
710
Other income net of other expense rose from 59,137 thousand to 161,073 thousand. The increase is mainly attributable to greater interest on loans with companies of the Group (change of 78,468 thousand) against incorporated loans following the above-mentioned merger of Generali Finance B.V. and, in particular, with the ...
103
annual_report
4413
1,312
follows: Bermuda (0.0%), United States (35.0%), United Kingdom (26.5%), Ireland (12.5%), Denmark (25.0%) and the Netherlands (23.3%).
17
10K
ScorSE-AR_2015
1,756
Credit risk on future cash-flows from Life reinsurance policies is mitigated by industry-wide protection solutions in several countries. In addition, SCOR monitors the development of its clients through regular client contact, which enables SCOR to take appropriate action when deemed necessary.
41
annual_report
PowszechnyZakladUbezpieczenSA-AR_2020
1,356
• decline in administrative expenses by 0.1%, to PLN 6,597 million, compared to PLN 6,606 million in 2019. Administrative expenses in the banking business (net of adjustments on account of the valuation of assets and liabilities to fair value) dropped by PLN 68 million, while in the insurance segment in Poland they inc...
228
annual_report
ScorSE-AR_2015
996
Refer to Section 4.6 – Notes to the consolidated financial statements, Note 17 – Provisions for Employee Benefits and Appendix C – 5 – Notes to the corporate financial statements, Note 13 – Employee Share-ownership Plans.
36
annual_report
ch_zurich_insurance_group-AR_2014
678
Information Policy As of December 31, 2014, Zurich Insurance Group Ltd had 119,407 shareholders registered in its share register, ranging from private individuals to large institutional investors (see p. 309). Each registered shareholder receives an invitation to a shareholders’ meeting. A Letter to Shareholders provid...
102
annual_report
AvivaPLC-AR_2015
5,080
On 10 April 2015, the Group completed the acquisition of 100% of the outstanding ordinary shares of Friends Life Group Limited (‘Friends Life’) through an all share exchange which gave Friends Life shareholders 0.74 Group shares for every Friends Life share held. In total 1,086 million Group shares were issued for a co...
56
annual_report
3603
245
(3) Amortization (acceleration) deceleration for changes in assumptions ("DAC unlocking") for 2005 includes $4.3 million relating to the reinsured variable annuity business. There was no DAC unlocking related to variable annuities in 2006.
33
10K
4344
1,073
In order to determine the amount of the impairment loss from credit, as opposed to interest rate fluctuations, for a fixed maturity security, we calculate the recovery value by performing a discounted cash flow analysis based on the current cash flows and future cash flows we expect to recover. The discount rate is the...
273
10K
4594
505
limited partnerships are engaged in the trading of public and non-public equity securities and debt, hedging transactions, real estate development and venture capital investment. These partnerships, themselves, do not have readily-determinable market values. Rather, the values recorded are those provided to the Company...
83
10K
PhoenixGroupHoldingsPLC-AR_2017
3,897
– availability to be called up on demand to fully absorb losses on a going-concern basis, as well as in the case of winding-up (‘permanent availability’); – in the case of winding-up, the total amount that is available to absorb loses before repayment to the holder until all obligations to policyholders and other benef...
58
annual_report