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2 values
de_allianz-AR_2010
537
The Allianz Equity Incentive is accounted for as a cash-settled plan. Any changes in fair value of the grants are accrued as compensation expense over the relevant vesting period. Upon vesting, any changes in the fair value of the unexercised SAR are recognized as compensation expense. The Equity Incentive compensation...
119
annual_report
3064
827
Includes policy acquisition expenses, such as assessments, premium taxes and other general and administrative expenses, excluding commissions and salaries and benefits, related to insurance operations and corporate operating expenses.
29
10K
gb_prudential-AR_2011
5,523
Liabilities Policyholder liabilities and unallocated surplus of with-profits funds 236,290 – 236,290 232,304 – 232,304 224,980 – 224,980 Core structural borrowings of shareholder-financed operations 3,611 – 3,611 3,998 – 3,998 3,676 – 3,676 Deferred tax liabilities 4,211 (282) 3,929 4,194 (258) 3,936 4,224 (256) 3,968 ...
56
annual_report
INGGroepNV-AR_2005
2,071
See Note 12 to the consolidated annual accounts for additional information.
11
annual_report
5813
1,111
Other investments are primarily comprised of alternative investments, which are limited partnership investments in private equity, private credit, and real estate strategies. These alternative investments are accounted for using the equity method, with income typically recognized on a one-quarter lag. Because these alt...
116
10K
NatixisSA-AR_2015
5,069
Liabilities valued using the fair value through profi t and loss option consist mainly of long-term structured repos indexed to a basket of equities whose risks are managed globally and dynamically, as well as issues originated and structured for customers whose risks and hedges are managed collectively. These issues i...
69
annual_report
5254
1,592
The Company paid income taxes of $892 million, $1.21 billion and $1.15 billion during the years ended December 31, 2016, 2015 and 2014, respectively. The current income tax payable was $72 million and $50 million at December 31, 2016 and 2015, respectively, and was included in other liabilities in the consolidated bala...
53
10K
gb_lloyds_banking_grp-AR_2010
3,382
Joined the Board in 2001 as Group Executive Director, UK retail banking before his appointment as Group Chief Executive in June 2003. Served with Citibank from 1975 and held a number of senior and general management appointments in the USA, South America and Europe before becoming Chief Operating Officer of Citibank Co...
83
annual_report
3063
1,029
Other Investments: Included in the Company’s other long-term investments is its leased asset portfolio (refer to Note 15 - Leases) and a position in Waveland NCP Alabama Ventures, LLC, a certified capital company that is an investment premium tax credit program sanctioned by the State of Alabama. This investment is car...
150
10K
5089
1,603
Investments are accounted for using the equity method of accounting if the Company has the ability to exercise significant influence, but not control, over the investee. Significant influence is generally deemed to exist if the Company has an equity ownership in the voting stock of the investee between 20 and 50 percen...
111
10K
gb_prudential-AR_2009
4,631
Annual Present value premium and of new contribution business Pre-tax newNew business premiums equivalents premiums business
16
annual_report
AegonNV-AR_2018
4,497
Other charges include a loss of USD 110 million (EUR 93 million) related to the divestment of the last substantial block of its life reinsurance business to SCOR Global Life. Under the terms of the agreement, Aegon’s Transamerica life subsidiaries reinsured approximately USD 700 million of liabilities through SCOR Glob...
79
annual_report
RaiffeisenBankInternationalAG-AR_2020
3,002
Total comprehensive income attributable to the Group (12) 2,747 11,030 2,665 7,430
12
annual_report
5903
1,066
has taken several measures to manage the impacts of this crisis. The actual and expected impacts of these events and other items are set forth below:
26
10K
5857
556
Adjusted EBITDA from our Auto & Home segment was $8.7 million for the year ended June 30, 2020, a $0.9 million, or 11%, increase compared to Adjusted EBITDA of $7.8 million for the year ended June 30, 2019. The
39
10K
HelvetiaHoldingAG-AR_2015
2,904
– BlackRock AG, Zurich, with 5.28 %, of which 4.67 % is held indirectly (previous year: 4.97 %, of which 4.32 % was held indirectly).
25
annual_report
TopdanmarkAS-AR_2017
248
Using Topdanmark’s internal model for non-life risks implies that capital requirements are DKK 700m or lower than if Topdanmark solely applied the standard model for calculating the solvency capital requirement.
30
annual_report
gb_lloyds_banking_grp-AR_2011
1,844
– strengthening risk management culture and capability across the group, together with further embedding of risk objectives in the colleague performance and reward process.
24
annual_report
3878
1,676
For the year-end 2006 loss reserve review, AIG claims staff updated the separate review for accounts with significant exposure to construction defect-related claims in order to assist the actuaries in determining the proper reserve for this exposure. AIG’s actuaries determined that no significant changes in the assumpt...
87
10K
3674
2,018
proceeds from the sale of the securities are reinvested, will generally result in higher net investment income to be included in adjusted operating income in future periods. See “-General Account Investments-Investment Results” for a discussion of current period yields of the Financial Services Businesses.
44
10K
INGGroepNV-AR_2011
2,080
Changes in the composition of the group –7 1 –7 1
11
annual_report
68
613
During 1994, AIGFP issued Swiss franc denominated notes, maturing on May 15, 1998 and June 1, 1999 in the amount of Swiss franc 130 million and 61 million, respectively. These notes have an interest rate that is six month Swiss franc LIBOR plus 22 basis points. Interest is payable semi-annually. At December 31, 1994, t...
65
10K
StandardLifeAberdeenPLC-AR_2011
472
During the year, we paid the final dividend for 2010 of 8.65p per share, amounting to £197m and the 2011 interim dividend amounting to £106m. The Scrip dividend scheme reduced the cash required to pay the 2010 final dividend from £197m to £105m and the 2011 interim dividend from £106m to £57m. We propose a final divide...
124
annual_report
2300
2,073
On August 20, 2002, in connection with the Citigroup Distribution, the Company established a 401(k) savings plan under which substantially all employees are eligible to participate. Through December 31, 2003, the Company matches employee contributions up to 3% of eligible pay but not more than $1,500 annually. Effectiv...
122
10K
fr_axa-AR_2016
1,433
Amortization of VBI increased by €4 million to €-8 million as a result of unfavorable fi nancial assumptions update.
19
annual_report
5689
1,010
Comprised of publicly-traded common stocks. Valuation is based on unadjusted quoted prices for identical assets in active markets that Atlas can access.
22
10K
HannoverRueckSE-AR_2014
2,658
Projected benefit obligations at 31 December of the financial year 187,034 129,602
12
annual_report
PosteItalianeSpA-AR_2016
2,444
The net movement in technical provisions for the insurance business and other claims expenses primarily includes: • claims paid, policies redeemed and the related expenses incurred by Poste Vita SpA during the period, totalling €7,682 million; • the change in mathematical provisions, totalling €14,325 million, reflecti...
69
annual_report
AegonNV-AR_2009
4,570
Share options and share appreciation rights and interests in AEGON N.V. held by active members of the Executive Board
19
annual_report
fr_axa-AR_1999
5,458
Persistency Measurement of insurance policies remaining in force from yearto -year.
11
annual_report
4911
1,298
The following table presents Personal Insurance net premiums written by major line of business:
14
10K
5770
1,658
Assets in Level 1 include actively-traded U.S. government bonds and exchange-listed equity securities. A relatively small portion of the Company’s investment assets are classified in this category given the narrow definition of Level 1 and the Company’s investment asset strategy to maximize investment returns.
44
10K
ScorSE-AR_2020
1,238
02REPORT ON CORPORATE GOVERNANCE Corporate Governance principles, Shareholders’ Meetings, Board of Directors, Executive Committee, employees, and information required by Article L. 22-10-11 of the French Commercial Code 2.1.4.6. THE CRISIS MANAGEMENT COMMITTEE
32
annual_report
4437
2,009
We also have subsidiaries in Ireland, the United Kingdom (U.K.) and Brazil. Our Ireland insurance subsidiary with branch operations in the U.K. and Australia is subject to a compliance review of the U.K. branch for 2009. Our Ireland reinsurance subsidiary, with a branch in Switzerland and a Brazil marketing subsidiary,...
83
10K
1276
398
The consolidated financial statements include the accounts of Mercury General Corporation (the Company or MGC) and its wholly-owned subsidiaries, Mercury Casualty Company, Mercury Insurance Company, California Automobile Insurance Company, California General Underwriters Insurance Company, Inc., Mercury Insurance Compa...
224
10K
PosteItalianeSpA-AR_2019
533
most at risk of financial exclusion as a percentage of total new acquisitions
13
annual_report
4862
680
We employ an investment strategy that emphasizes asset quality and considers the durations of fixed maturity securities against anticipated claim payments and expenditures, other liabilities, and capital needs. Our investment portfolio is structured so that investments mature periodically in reasonable relation to curr...
79
10K
HelvetiaHoldingAG-AR_2017
623
Pre-tax financing costs, CHF million 13.3 13.3 1 Underlying earnings are adjusted for integration costs as well as amortisation of intangible assets, additional depreciation due to the revaluation of interest-bearing securities at market value, and other one-off effects of the acquisitions. “Underlying earnings” is not...
69
annual_report
gb_lloyds_banking_grp-AR_2018
3,225
Table 1.10c: Reconciliation between statutory and underlying basis of Retail expected credit loss allowances on drawn balances
17
annual_report
TrygAS-AR_2016
1,426
Other receivables do not contain overdue receivables 16 Reinsurer’s share Impairment test As at 31 December 2016, management performed a test of the carrying amount of total reinsurers’
28
annual_report
3535
549
The provision for home warranty claims, expressed as a percentage of home warranty operating revenues, was 53.8% in 2007, 50.5% in 2006 and 51.7% in 2005. The increase in the rate from 2007 over 2006 was primarily due to an increase in claims severity. The average cost per claim increased due in part to an increase in ...
102
10K
1050
582
The decrease in renewal premiums from acquired policies was attributable to a decrease of $3.7 million, or 15.2%, from the policies acquired in the NFIC and AICT acquisition, a decrease of $0.7 million, or 5.3%, from the policies acquired from AII, LHI and DNL, and a decrease of $1.0 million, or 7.9%, from the policies...
60
10K
4225
3,476
(a)Represents the amount of other-than-temporary impairment losses recognized in Accumulated other comprehensive loss, which, starting on April 1, 2009, were not included in earnings. Amount includes unrealized gains and losses on impaired securities relating to changes in the value of such securities subsequent to the...
48
10K
BeazleyPLC-AR_2015
799
Review of business A more detailed review of the business for the year and a summary of future developments are included in the chairman’s statement, the chief executive’s statement and the financial review.
33
annual_report
NatwestGroupPLC-AR_2019
3,778
Inflation rate swaps 16 909 1,094 13 347 502 Interest rate swaps 57 6,407 2,992 55 8,132 5,362 Currency forwards 9 215 42 10 22 164 Equity and bond call options 1 122 — 1 277 — Equity and bond put options 5 3 1 4 3 1 Other 3 124 13 4 1,027 1,092
55
annual_report
519
249
Prescription drug service revenues (from the retail and pharmacy network and institutional business) for 1996 of $1,151.7 million increased by $98.2 million, or 9.3% over 1995 and 1995 revenues increased by $161.8 million or 18.2% over 1994. The addition of new customers increased revenues by $182.2 million in 1996. Re...
159
10K
INGGroepNV-AR_2017
1,556
• the report of the Executive Board in the ING Group Annual Report 2017 states those material risks and uncertainties that are relevant to the expectation of ING Groep N.V.’s continuity for the period of twelve months after the preparation of this report.
43
annual_report
SwissLifeHoldingAG-AR_2018
1,307
Employee training on anti-corruption/ethics yes yes yes yes AR, p. 97–99
11
annual_report
ch_zurich_insurance_group-AR_2015
1,299
The net underwriting result deteriorated by USD 1.9 billion to a loss of USD 1.0 billion, reflected in the 6.7 percentage points deterioration in the combined ratio to 103.6 percent. The loss ratio increased 5.5 percentage points reflecting higher large losses in Global Corporate and certain European countries, the Tia...
135
annual_report
926
381
Deferred Acquisition Costs. Commissions and other costs of acquiring universal life insurance, variable universal life insurance, unit-linked products, traditional life insurance, annuities and group health insurance which vary with and are primarily related to the production of new business, have been deferred to the ...
90
10K
NatwestGroupPLC-AR_2004
1,259
Other commercial and industrial comprising: Service industries and business activities 57,305 50,772 48,155 Agriculture, forestry and fishing 3,024 3,081 3,026
20
annual_report
NatixisSA-AR_2006
616
Permanent representative of Banque Populaire Val de France, Vice-Chairman of i-BP (Informatique Banques Populaires)
14
annual_report
AdmiralGroupPLC-AR_2018
902
of staff feel they are offered training or development to further themselves professionally.
13
annual_report
5777
1,518
Elimination of foreign exchange gains (losses) on remeasurement of net premium receivables and loss and LAE reserves that are recognized in net income.
23
10K
AvivaPLC-AR_2010
3,775
The related parties’ payables are not secured and no guarantees were received in respect thereof. The payables will be settled in accordance with normal credit terms. The directors and key management of the Company are considered to be the same as for the Group. Information on both the Company and Group key management ...
60
annual_report
2958
1,261
On April 29, 2004, Assured Guaranty Ltd. and certain of its subsidiaries entered into a $250.0 million unsecured credit facility (“$250.0 million credit facility”), with a syndicate of banks, for which ABN AMRO Incorporated and Bank of America, N.A. acted as co-arrangers. Each of Assured Guaranty Ltd., AGC and AG (UK),...
72
10K
1727
491
Cash used in financing activities during 2001 included payments of $81.0 million on debt related items offset by $2.1 million in cash received related to the sale of stock through our employee stock purchase plan. The year 2000 included net proceeds from long-term borrowings (proceeds less payments) of $48.8 million an...
67
10K
DirectLineInsuranceGroupPLC-AR_2018
2,969
How to avoid share fraud – Remember that FCA-authorised firms are unlikely to contact you unexpectedly offering to buy or sell shares; – Do not converse with them. Note the name of the person and firm contacting you, then end the call; – To see if the person and firm contacting you are authorised by the FCA, check the ...
184
annual_report
4230
1,393
The individual life and group life and disability markets are mature and, due to the large number of competitors, competition is driven mainly by price and service. The economy has exacerbated pressure on pricing, creating an even greater challenge of maintaining pricing discipline. This has negatively impacted our ind...
173
10K
1640
253
Pre-tax operating income for the variable segment increased 349.1% to $5.5 million in 2001 and decreased 23.6% to $1.2 million in 2000. The increase in pre-tax operating income in 2001 is generally attributable to an increase in the volume of business in force, favorable mortality experience and a decrease in expenses....
158
10K
5865
525
Premiums are earned ratably over the term of the underlying policy. Net premiums earned decreased 100.0%, or $110.2 million from 2019. The change is due to the deconsolidation of the ASI Pool Companies.
33
10K
NatixisSA-AR_2020
677
Summary table of the Board of Directors 2.1.2 at December 31, 2020
12
annual_report
PosteItalianeSpA-AR_2019
4,231
Accumulated impairments at 31 December 2019 amount to €37 million, almost entirely transferred to policyholders using the shadow accounting method (at 31 December 2018, impairments amounted to €41 million, almost entirely transferred to policyholders using the shadow accounting method).
39
annual_report
5281
2,097
Annuity policy charges and other miscellaneous income, which consist primarily of surrender charges, amortization of deferred upfront policy charges (unearned revenue) and income from sales of real estate were $13 million in the fourth quarter of 2016 compared to $11 million in the fourth quarter of 2015, an increase o...
106
10K
4933
564
The low market interest rate environment continues to impact our investment yields as well as the interest we credit on our interest sensitive products. Interest rates remained low during 2014, as the benchmark 10 year U.S. Treasury yield declined during the year, offsetting moderate increases in overall credit spreads...
224
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2003
2,332
Fixed-interest securities which the company has the intention and ability to hold to maturity. They are valued at � amortised cost.
21
annual_report
5452
4,301
All reimbursements are made on an actual cost basis and do not include a profit component. We record these reimbursements as receivables from the Exchange and its subsidiaries with a corresponding reduction to our expenses. Reimbursements are settled on a monthly basis. The amounts incurred on behalf of the Exchange an...
62
10K
3725
1,006
SFAS 123R requires companies to estimate the fair value of stock-based awards on the date of grant using an option-pricing model. The portion of the value that is ultimately expected to vest is recognized as expense over the requisite service period. As stock-based compensation expense recognized in our consolidated st...
100
10K
3464
7,595
Changes in investment income reflect fluctuations in market rates and changes in average invested assets. The increase in investment income for 2007 and 2006 reflects increases of $1.1 billion (7%) in average cash and investments in each year compared to the prior year. AFG's yield on fixed income securities, excluding...
63
10K
4419
2,741
In May 2011, the FASB issued new accounting guidance for fair value measurements. This new accounting guidance clarifies existing fair value measurement requirements and changes certain fair value measurement principles and disclosure requirements that will be effective for us on January 1, 2012. We do not expect the a...
63
10K
5348
928
Effective July 1, 2017, we decreased the quota share ceding rate in our personal lines quota share treaty from 40% to 20%. The Cut-off of this treaty on July 1, 2017 resulted in a $7,140,000 return of unearned premiums from our reinsurers that were previously ceded under the expiring personal lines quota share treaty.
54
10K
4014
1,059
liabilities" on the consolidated balance sheet, and "ceded unearned premium reserve." The table below illustrates the purchase accounting effect on AGMH's historical financial guaranty insurance balances:
26
10K
INGGroepNV-AR_2017
1,821
Remuneration Supervisory Board Supervisory Board remuneration policy The remuneration policy for the Supervisory Board, as approved at the AGM on 25 April 2016, aims to: • Provide a simple and transparent structure • Bring remuneration levels in line with peers and with levels adequate to attract qualified (internation...
49
annual_report
PhoenixGroupHoldingsPLC-AR_2011
1,690
The valuation has been based on an assessment of the liabilities of the PGL Pension Scheme as at 31 December 2011, undertaken by independent qualified actuaries.
26
annual_report
NatixisSA-AR_2019
10,509
The first level will rank clients in a risk category based on the context in which they do business, the maturity ofV their ESR risk management system, any controversies to which they may be exposed and the type of business relationship they maintain with Natixis.
45
annual_report
2331
676
Global structured finance GPW increased 2% in 2003, to $436 million from $426 million last year, resulting from an increase in non-U.S. business. In 2003, installments received from business written in prior years increased 10% when compared with 2002. NPW for 2003 increased 4% due to the increase in non-U.S. business ...
121
10K
LloydsBankingGroupPLC-AR_2009
4,026
The Group’s contractual rights to benefits from providing investment management services in relation to non-participating investment contracts acquired in business combinations and portfolio transfers is measured at fair value at the date of acquisition. The resulting asset is amortised over the estimated lives of the ...
87
annual_report
AvivaPLC-AR_2007
3,736
Summarised consolidated balance sheet – EEV basis As at 31 December 2007
12
annual_report
NatixisSA-AR_2020
11,787
Shareholders are asked to renew for a period of 18 months, the authorization to buy back shares granted to the Board of Directors, it being recalled that the maximum share price may not exceed ten (10) euros per share (price unchanged since the Annual General Shareholders' Meeting of May 19, 2015).
51
annual_report
AegonNV-AR_2012
2,861
Movements in foreign currency translation and net foreign investment hedging reserves - - - (116) - (116) - (116)
19
annual_report
4081
518
Net Investment Income in the Life and Health Insurance segment increased by $63.2 million for the year ended December 31, 2009, compared to the same period in 2008, due primarily to higher net investment income from Equity Method Limited Liability Investments and $5.4 million of net investment income from Primesco in t...
147
10K
AvivaPLC-AR_2001
648
Long-term business operating profit before amortisation of acquired additional value of in-force long-term business, amortisation of goodwill on associated 1,940 undertakings and exceptional items (3a) 1,203 1,190 Amortisation of acquired additional value of in-force long-term business
36
annual_report
AegonNV-AR_2017
1,648
compared with 2015. Annualized operating expenses as a percentage of average assets under management remained in 2016 stable compared with 2015 at 13 basis points.
25
annual_report
SwissReAG-AR_2015
222
Smart analytics, for example, is one of the trends that can help us find hidden patterns in data sets that once seemed unfathomably extensive and complex.
26
annual_report
4830
561
Reversal of cumulative unrealized fair value gain or loss of life insurance policies.
13
10K
gb_prudential-AR_2012
1,395
Meetings The Committee meets at least twice a year to consider the Board composition and membership of the principal Committees and to consider the suitability of all directors standing for re-election at the AGM. In addition, the Committee meets to consider candidates for appointment to the Board. The Group Chief Exec...
79
annual_report
de_allianz-AR_2015
2,821
During the year ended 31 December 2015, the defined benefit costs related to post-retirement health benefits amounted to € 1 mn (2014: € – mn).
25
annual_report
5376
1,724
Corporate segment operating expenses for the years ended December 31, 2017 and 2016, respectively, were comprised as follows:
18
10K
2065
339
Realized capital gains, after the transfer to the IMR, increased $67.2 million for the year ended December 31, 2002. This increase is primarily due to increased mark to market adjustments for derivative instruments, partially offset by higher credit related losses from the sale of bonds. The increase in 2001 realized c...
69
10K
NatixisSA-AR_2009
7,531
In addition to developments of the mechanism, audit teams have been particularly in demand, in the context of the current fi nancial crisis, due to the requirements for strengthened controls.
30
annual_report
2051
309
Underwriting expenses were $27.2 million for the year ended December 31, 2002, an increase of $3.9 million, or 16.6% compared to 2001. The underwriting expense ratio was 18.3% for the year ended December 31, 2002, compared to 19.5% for 2001. Commission expense, a component of overall underwriting expense, for the year ...
108
10K
1692
466
Loss and loss expense ratio .......... 138.8% 71.5% 76.1% Underwriting expense ratio ........... 36.8% 37.7% 35.9% ------------------------------- Combined ratio ....................... 175.6% 109.2% 112.0% ===============================
24
10K
ASRNederlandNV-AR_2015
1,111
Total equity attributable to shareholders 3,033 642 - 3,675 Equity attributable to holders of equity instruments -18 - - -18
20
annual_report
gb_lloyds_banking_grp-AR_2019
7,507
In compliance with Section 409 of the Companies Act 2006, the following comprises a list of all related undertakings of the Group, as at 31 December 2019. The list includes each undertaking’s registered office and the percentage of the class(es) of shares held by the Group. All shares held are ordinary shares unless in...
58
annual_report
nl_ing_grp-AR_2016
3,630
Special items –63 –957 –1,021 1 Amounts are adjusted for comparison purposes. Czech Republic, previously fully reported within Wholesale Banking Rest of the World is now reported under Other
29
annual_report
1705
229
Investments consist of diversified issuers and issues, and as of December 31, 2001, approximately 88.7% and 4.8% of the total invested assets (total investments plus cash equivalents) on a cost basis consisted of investments in fixed maturity and equity securities, respectively, versus 84.2% and 5.2%, respectively, at ...
50
10K
fr_axa-AR_2002
3,296
Commentaries NET INCOME Net income for the fiscal year ended December 31, 2002 was €1,066 million, versus €1,620 million for the year ended
23
annual_report
StandardLifeAberdeenPLC-AR_2013
2,712
Non-participating insurance contract liabilities (99) 93 (7) 8 - - (1) 1
12
annual_report
4868
1,622
lower earnings in the annuity segment resulting from the impact of changes in interest rates and the stock market on the fair value accounting for fixed-indexed annuities, and
28
10K
5194
548
Third-party administration fee revenue (“ASO fees”) is recognized monthly when earned and is normally based on annual contracts with the self-insured groups. ASO fees are charged to self-insured employer groups monthly on a per subscriber per month basis. ASO fees also include the administrative fees the Company earns ...
65
10K