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fr_axa-AR_2013
3,371
Stock options granted during the year by AXA or any eligible AXA Group’s subsidiaries, to the ten employees, outside management bodies’ members of the Company or of eligible AXA Group’s subsidiaries, who received the highest number of stock options (aggregate information) 789,382 13.81
43
annual_report
1032
193
On May 4, 1998, the consolidated capitalization of the Company increased by approximately $99.0 million from the sale of FELINE PRIDES(SM) and Trust Preferred securities. The sales of FELINE PRIDES(SM) consisted of 9,350,000 units of Income Prides with a stated amount of $10.00, 1,000,000 units of Growth Prides with a ...
217
10K
fr_axa-AR_2007
571
AXA announced on June 14, 2006, that it had entered into a definitive agreement with Crédit Suisse Group under which AXA would acquire 100% of Winterthur for CHF12.3 billion (€7.9 billion) paid in cash. In addition, AXA refinanced CHF1.1 billion (€0.7 billion) of internal loans redeemed to Crédit Suisse as of the closi...
94
annual_report
1542
1,015
Under reinsurance accounting, the excess of the liability recorded for sales practices losses recoverable under the agreements of $550 million over the premium paid of $529 million resulted in a deferred gain of $21 million which was amortized into income over the settlement period from January 1999 through April 2000....
132
10K
ScorSE-AR_2012
5,840
 through its periodic missions the Group Internal Audit Department assesses the internal control system and its roll-out in accordance with its risk-based audit planning. An insufficient level of maturity or quality requires an action plan to be established.
39
annual_report
5855
1,597
Total gains and losses included in Shareholders’ net income in the tables above are reflected in the Consolidated Statements of Income as Net realized investment gains (losses) and Net investment income.
31
10K
4654
1,171
Our medical care costs include amounts that have been paid by us through the reporting date, as well as estimated liabilities for medical care costs incurred but not paid by us as of the reporting date. Such medical care cost liabilities include, among other items, unpaid fee-for-service claims, capitation payments owe...
59
10K
140
284
against prior year returns. These non-life losses will be available for carryforward in future years. However, the "change in control" that could result from the issuance of the preferred stock to new investors as discussed below could substantially reduce the Company's ability to utilize its non-life loss carryforward...
48
10K
AegonNV-AR_2001
389
Funding agreements are issued to non-tax qualified clients. These are usually perpetual with no stated final maturity and liquidity option. The contract is terminated at the notification of the client; notice provisions range from three months to 13 months in advance of the payout date.
45
annual_report
121
236
Consolidated Statements of Financial Position - December 31, 1994 and 1993.
11
10K
5095
1,470
In addition, future policy benefits payable include amounts of $205 million at December 31, 2015 and $210 million at December 31, 2014 which are subject to 100% coinsurance agreements as more fully described in Note 19.
36
10K
158
519
Life insurance assumed represented 0.1 percent of gross life insurance in-force at December 31, 1995 and 1994 and 0.5 percent for 1993, and 0.1 percent of gross premium income for each of the periods ended December 31, 1995, 1994 and 1993.
41
10K
AegonNV-AR_2017
4,674
Transactions in 2017: Sale: 1 transaction, average price EUR 0.11 (1,979) -
12
annual_report
AdmiralGroupPLC-AR_2018
214
“ Our strategy is simple: continue our profitable growth in the UK and take what we know and do well and do it elsewhere.” Henry Engelhardt, CBE – Admiral Co-Founder
30
annual_report
1709
704
Selected financial data is presented below for each business segment for the year ended December 31 (in thousands):
18
10K
1657
2,275
from both company specific and industry data, as well as general economic
12
10K
2895
2,274
The investment securities in an unrealized loss position as of December 31, 2005 consist of 2,502 securities accounting for unrealized losses of $472 million. Of these unrealized losses 87% are investment grade (rated AAA through BBB-) and 92% are less than 20% below cost. The amount of the unrealized loss on these sec...
66
10K
PowszechnyZakladUbezpieczenSA-AR_2014
828
Ogrodowa-Inwestycje Sp. z o.o. (Ogrodowa-Inwestycje) is the owner of the City-Gate office building (ul. Ogrodowa 58, Warsaw). In 2014, it leased three leisure centres from
25
annual_report
5231
2,008
For the year ended December 31, 2015, the decrease in valuation allowance was $8.8, of which a decrease of $13.7 and an increase of $4.9 were allocated to continuing operations and Additional paid-in capital, respectively. With respect to the 2015 amount allocated to continuing operations, the decrease was mostly due t...
67
10K
4693
963
Recoverability testing is performed for current issue year products to determine if gross revenues are sufficient to cover DAC, VOBA and DSI estimated benefits and expenses. In subsequent years, the Company performs testing to assess the recoverability of DAC, VOBA and DSI on an annual basis, or more frequently if circ...
88
10K
5894
265
The assessment of whether a decline in fair value is considered temporary or other-than-temporary includes management’s judgment as to the financial position and future prospects of the entity issuing the security. It is not possible to accurately predict when it may be determined that a specific security will become i...
98
10K
fr_axa-AR_2000
3,011
Net investment results exclude the net investment income and realized and unrealized gains and losses on separate account (unit linked) assets that are reflected as a change in the separate account (unit linked) liabilities.
34
annual_report
NatixisSA-AR_2013
3,569
(4) Of which -€675 million concerning the change in capital of the Local Savings Companies and the Sociétés de Caution Mutuelle. Under the sale of the cooperative investment certifi cates (CCIs) to the Caisses d’Epargne and Banque Populaire banks, the Sociétés Locales d’Epargne and Sociétés de Caution Mutuelle were dec...
54
annual_report
4832
1,684
2013 vs. 2012: The 63.9% increase reflects increased returns from our U.S. homeowners affiliate and income from new strategic operating affiliates in 2013.
23
10K
444
477
See Note 10 to the Consolidated Financial Statements in the Annual Report for a description of the long-term debt and aggregate maturities for 1997 to 2001 and thereafter.
28
10K
CNPAssurancesSA-AR_2011
434
(FFSA*), net outflows increased with every passing month, from €300 million in August to an alarming €3.8 billion in December. This was an unprecedented reversal in the market, which nevertheless reported positive net new money of €7.6 billion for the year as a whole and technical reserves up €22 billion to €1,362 bill...
58
annual_report
3161
711
Hurricane Katrina. As of December 31, 2006, FGIC had Katrina-related net reserves of $8.7 million, representing a $11.4 million decrease from December 31, 2005 in net reserves related to credits affected by Hurricane Katrina. FGIC’s loss reserve will likely be adjusted in the future as additional information concerning...
126
10K
HelvetiaHoldingAG-AR_2008
289
Helvetia’s compensation systems as well as the employee benefits programmes, some of which can be optimised at an individual level, have proved themselves; they are correct and fair, balanced and competitive.
31
annual_report
4105
1,463
Liquidity risk is inherent in much of MLLIC businesses. Each asset purchased and liability sold has liquidity characteristics that are unique. Some liabilities are surrenderable while some assets, such as private placements, mortgages loans and limited partnerships have low liquidity. If MLLIC requires significant amou...
72
10K
2601
1,114
If the sale of Standard Life is not completed, we could be materially adversely affected. We would be forced to determine whether to attempt to sell the financial services business again, continue to operate the financial services business or explore another strategic alternative. If we try to sell the financial servic...
128
10K
fr_axa-AR_2004
2,666
Other derivatives instruments on financial assets (1) 148 209 187 431 335 640 Macro hedge and speculative derivatives on financial assets (143) 481 165 (111) 22 370
27
annual_report
4721
1,248
Medicaid - membership increased by approximately 136,000 mainly from membership growth in Florida, membership growth in our Kentucky Medicaid program following its launch in the fourth quarter of 2011 and subsequent open enrollment in November 2012, and membership growth in our Hawaii Medicaid program due to our partic...
82
10K
4984
1,316
Securities designated as trading securities are reported at fair value, with gains or losses resulting from changes in fair value recognized in net investment income on the Consolidated Statements of Operations. Trading securities include exchange traded equities and exchange traded options. Trading securities carried ...
140
10K
3944
7,077
Incurred losses and LAE increased by 31.1% to $501.9 million for 2007 compared to $382.8 million for 2006. The segment loss ratio increased by 9.2 points, principally due to an increase in the catastrophe loss ratio by 6.1 points. In 2007, catastrophe losses included Tabasco, Mexico floods, New South Wales storm, Peruv...
83
10K
1983
1,179
In March 2000, the Financial Accounting Standards Board (“FASB”) Interpretation No. 44, Accounting for Certain Transactions Involving Stock Compensation (“FIN 44”), was issued. FIN 44 clarifies the application of APB 25 for certain issues. The Company adopted the provisions of FIN 44 in 2000. The adoption of the interp...
61
10K
SwissReAG-AR_2002
732
c. Procedure and conditions for cancelling statutory voting-right restrictions As there are no voting-right restrictions, there is neither a procedure nor a condition for their cancellation.
26
annual_report
2771
2,338
The application of certain of these critical accounting policies to the years ended December 31, 2005 and 2004 is discussed in greater detail below.
24
10K
5714
1,349
From time to time, we assume insurance from other companies. Any costs associated with the assumption of insurance are amortized consistent with the method used to amortize deferred acquisition costs. Reinsurance premiums assumed totaled $25.1 million, $28.0 million and $30.4 million in 2019, 2018 and 2017, respectivel...
68
10K
5938
948
As a result, any references to class A common shares or class B common shares after the Effective Time refer to Global Indemnity Group, LLC class A common shares or class B common shares and any references to class A common shares or class B common shares prior to the Effective Time refers to Global Indemnity Limited A...
64
10K
NatixisSA-AR_2005
2,663
At December 31, 2005, in accordance with IAS 32 and IAS 39,“Impairment of individual receivables” included securities classified as loans and advances.
22
annual_report
SwissReAG-AR_2017
3,287
Weather contracts –41 –35 Proprietary Option Model Risk margin 8%–11% (10.9%) Correlation –69%–52% (–53.1%) Volatility (power/gas) 27%–110% (98.2%) Volatility (temperature) 146–467 (199) HDD/CAT2 Index value (temperature) 1769–4159 (3638)
28
annual_report
AegonNV-AR_2010
4,869
The statements contained in this Annual Report that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, intend, may, expect, anticipate, predi...
119
annual_report
797
594
Income tax expense (benefit) is included in the financial statements as follows for the years ended December 31:
18
10K
fr_axa-AR_2007
831
fees & revenues increased by €160 million to €1,792 million. On a constant exchange rate basis, fees & revenues increased by €322 million (+20%), mainly due to higher fees earned on separate account business resulting from positive net cash flows, the impact of the market appreciation on separate account balances and h...
54
annual_report
ScorSE-AR_2016
3,396
Funded or partially funded obligation as at December 31 371 90 181 100 354 89 158 107 303 84 124 95
21
annual_report
SwissLifeHoldingAG-AR_2011
1,953
For 2008, 2009 and 2010, a share-based payment programme was established which gives the members of the Corporate Executive Board and other senior management members of the Swiss Life Group the right to receive a certain number of Swiss Life Holding shares (performance share units, PSUs) after three years of service if...
174
annual_report
5433
1,057
In January 2018, our Pennsylvania subsidiary, Pennsylvania Health & Wellness, began serving enrollees in the Community HealthChoices program. Contract commencement dates vary by zone and will be fully implemented statewide by January 2020.
33
10K
2864
811
As of December 31, 2005, we have a deferred tax asset for net operating loss carryforwards totaling $21,910,000, all of which was acquired as part of our purchase of American Indemnity Financial Corporation. These net operating loss carryforwards expire from 2009 through 2018, of which carryforwards of $11,085,000 expi...
126
10K
ch_zurich_insurance_group-AR_2010
210
Corporate Life & Pensions at Global Life provides employers and their employees with efficient savings solutions.
16
annual_report
4447
2,330
Total investments increased since December 31, 2010 primarily due to increases in fixed maturities, AFS, mortgage loans and other investments, partially offset by a decline in equity securities, trading and short-term investments. The increase in fixed maturities, AFS, was largely the result of improved valuations as a...
169
10K
279
612
Mr. Friedberg joined the Company on May 23, 1995, when he was appointed Chairman, President & CEO. Prior thereto, he was Chairman, President and CEO of Ranger Insurance Company, Houston, Texas for more than five years.
36
10K
3679
2,708
U.S. mortgage insurance reporting unit. As a result of current U.S. housing market conditions, recent operating losses and decreases in projected income, current fair value determined using a discounted cash flow model was negatively impacted and resulted in a goodwill impairment of the entire goodwill balance of $22 m...
49
10K
2235
534
As of December 31, 2003 and 2002, we had goodwill and other intangible assets of $144.4 million and $26.0 million, respectively, net of accumulated amortization. We review our intangible assets with defined lives for impairment whenever events or changes in circumstances indicate we might not recover their carrying val...
113
10K
INGGroepNV-AR_2001
1,015
The printed documents can be ordered via the website, by fax (+31 411 652125) or by mail (P.O. Box 258, 5280 AG Boxtel, The Netherlands).
25
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2013
2,058
The impairment losses reversed are distributed between the following different Group segments: In reinsurance, €1m (2m) is apportionable to life and €1m (2m) to propertycasualty; in primary insurance, €3m (16m) is apportionable to life, €2m (6m) to health and – (€1m) to Munich Health.
44
annual_report
ch_zurich_insurance_group-AR_2018
2,442
Discounted reserves for losses and loss adjustment expenses in USD millions, as of December 31 Gross Ceded Net
18
annual_report
1174
978
The life operations have immaterial currency exposures to the Brazilian Real and Argentine Peso.
14
10K
4707
887
On September 26, 2013, several new PRC individual investors, namely Wang Yanyan, Chen Zhaohui, Yue Jing, Hou Weizhe, Zhang Yong, Chen Li (“Anhou New Investors”) and the original shareholders of Anhou, namely, Zhu Shuqin, Wei Qun, Fang Qunlei and Chen Yanxia (“Anhou Original Shareholders”) entered into a shareholders re...
142
10K
gb_prudential-AR_2015
4,139
As noted above, the application of the mean reversion formula has the effect of dampening the impact of equity market movements on DAC amortisation while the mean reversion assumption lies within the corridor. In 2016, it would take approximate movements in separate account values of more than either negative 17 per ce...
67
annual_report
LloydsBankingGroupPLC-AR_2016
3,002
7 Excludes £2.5 billion (31 December 2015: £nil) of repurchase agreements.
11
annual_report
4197
811
the impaired debt security for which an entity asserts that it does not have the intent to sell the security, and it is more likely than not that it will not be required to sell the security before recovery of its cost basis. The effect of adoption was an increase to the amortized cost basis of debt securities that wer...
93
10K
LloydsBankingGroupPLC-AR_2020
3,058
The purpose of the Committee is to set the remuneration for all Executive Directors and the Chair, including pension rights and any compensation payments. It recommends and monitors the level and structure of remuneration for senior management and material risk takers. It also considers, agrees and recommends to the Bo...
127
annual_report
1946
1,217
The Company is currently assessing the impact, if any, that the consolidation provisions of FIN 46 may have on the consolidated financial statements.
23
10K
1321
506
The personal lines SBU 1999 net premiums written remained flat compared with 1998 and included $41 million of direct new business. Although the overall personal lines net premiums written were flat, there were fluctuations within lines and regions. In March 1999, the New Jersey Automobile Insurance Cost Reduction Act (...
165
10K
4513
1,246
subordinated, hybrid, and preferred securities. Hybrid securities represented approximately half of the financial sector gross unrealized losses in 2011. These securities’ prices reflect relatively wide financial sector credit spreads, combined with additional subordination and illiquidity risk premiums. Based on our a...
55
10K
INGGroepNV-AR_2008
2,662
Stress testing Stress tests are used for the monitoring of market risks under extreme market conditions. Since VaR in general does not produce an estimate of the potential losses that can occur as a result of extreme market movements, ING uses structured stress tests for monitoring the market risk under these extreme c...
256
annual_report
2976
567
In addition to the risk factors discussed in Part I, Item 1A of this Annual Report on Form 10-K, we have identified a number of key factors and trends related to our business and industry that represent opportunities, challenges, and risks.
41
10K
gb_lloyds_banking_grp-AR_2013
3,471
Impairment charges decreased by £637 million to £608 million compared to 2012. The impairment charge as an annualised percentage of average loans and advances to customers improved to 3.28 per cent from 5.53 per cent in 2012.
37
annual_report
StorebrandASA-AR_2009
3,603
Storebrand ASA Filipstad Brygge 1 P. O. Box 1380 Vika N-0114 Oslo, Norway www.storebrand.no
14
annual_report
5410
743
Total cash dividends of $277 million were paid during the year ended December 31, 2017. In February 2018, the board of directors approved a quarterly cash dividend of $0.60 per share ($2.40 per share annualized rate), which will be paid on or about April 16, 2018 to shareholders of record as of March 31, 2018.
55
10K
fr_axa-AR_2014
2,029
Underlying earnings and adjusted earnings increased by €3 million to €4 million, thanks to (i) a decrease in administrative expenses and (ii) a slight improvement in cost of risk.
29
annual_report
5068
538
The following table shows our gross premiums written by line of business for the years ended December 31, 2015 and 2014.
21
10K
5259
1,580
Syndicate 1729 covers a range of property and casualty insurance and reinsurance lines, and had a maximum underwriting capacity of £90.0 million for the 2016 underwriting year, of which £51.8 million ($63.9 million based on December 31, 2016 exchange rates) is our allocated underwriting capacity. We are required to pro...
99
10K
gb_prudential-AR_2003
380
ACCOUNTING POLICIES There has been no change in accounting policies for the preparation of the 2003 results with the exception of the changes for accounting for certain reinsurance contracts as required by changes to the Statement of Recommended Practice (SORP) for accounting for insurance business issued by the Associ...
92
annual_report
TrygAS-AR_2008
755
Hansa and If. TrygVesta continued to record the highest overall customer satisfaction score among the Nordic companies.
17
annual_report
SwissLifeHoldingAG-AR_2014
2,544
Swiss life Immo-arlon, Société anonyme, Strassen other 100.0% 100.0% real estate
11
annual_report
4758
12,971
White Mountains also has future binding commitments to fund certain other long-term investments. These commitments, which total approximately $116 million, do not have fixed funding dates and are therefore excluded from the table above.
34
10K
BaloiseHoldingLtd-AR_2006
3,604
5.2 Underwriting-Strategie life and nonlife The Baloise Group primarily underwrites insurance risks of private individuals and of small and medium-sized enterprises in selected countries in continental Europe. Industry insurance in the property and liability segments is offered predominantly by Basler Versicherungsgese...
73
annual_report
StandardLifeAberdeenPLC-AR_2016
628
 Our appetite for these risks and how we manage them  Our own assessment of current solvency and capital requirements with respect to the risks  A forward-looking assessment of the risk and solvency needs of the
38
annual_report
RaiffeisenBankInternationalAG-AR_2007
1,093
At the same time, the tools of internal bank management are continuously adjusted from a risk perspective to the results of validating the rating models, and the identification of portfolio risks is refined.
33
annual_report
gb_prudential-AR_2005
3,290
This type of analysis helps protect profits from changing interest rates. This type of analysis is used in the UK for annuity business and by JNL for its interest-sensitive and fixed index annuities and stable value products.
37
annual_report
4359
1,362
Aon also uses foreign exchange derivatives, typically forward contracts and options, to manage the currency exposure of Aon's global liquidity profile for one year in the future. These derivatives are not accounted for as hedges, and changes in fair value are recorded each period in Other general expenses in the Consol...
54
10K
3737
988
For the most recent incurred months (generally the most recent two months), the percentage of claims paid for claims incurred in those months is generally low. This makes the completion factor methodology less reliable for such months. Therefore, incurred claims for recent months are not projected from historical compl...
78
10K
4960
995
When the Company receives a premium from a customer, it debits the lump sum amount into one bank account and establishes a schedule to keep track of the amount of premium payable to the insurer. At the monthly closing, the Company reclassifies the amount of premium payable to insurers as fiduciary assets. Also, when th...
94
10K
TrygAS-AR_2017
1,040
The owner-occupied properties were sold in December 2016. Please refer to note 25 Sale of properties.
16
annual_report
2194
1,492
Trading fixed maturities at fair value (amortized cost of $1,434,654 and
11
10K
NatwestGroupPLC-AR_2009
1,901
Central Eastern Europe, Middle East and Africa 394 74 468 3 589 3
13
annual_report
TrygAS-AR_2011
1,902
Leasehold improvements are depreciated over the expected economic lifetime, however with a maximum of the term of the lease.
19
annual_report
5952
1,327
Amounts recoverable from reinsurers are recognized in a manner consistent with the loss and LAE liabilities associated with the reinsurance placement and presented on the balance sheet as reinsurance recoverables, and are recorded after an allowance for credit losses. Such balances as of December 31, 2020 and 2019 are ...
54
10K
ch_zurich_insurance_group-AR_2010
2,518
Basic earnings per share is computed by dividing net income attributable to shareholders by the weighted average number of shares outstanding for the year, excluding the weighted average number of shares held as treasury shares and preferred securities. Diluted earnings per share reflects the effect of potentially dilu...
49
annual_report
AdmiralGroupPLC-AR_2009
443
The impact on the Group could be higher than planned losses (and potentially closure costs) and distraction to key management.
20
annual_report
RaiffeisenBankInternationalAG-AR_2020
2,008
Items which are not reclassified to profit or loss 11,184 75,736
11
annual_report
580
289
At December 31, 1996, AIG had total capital funds of $22.04 billion and total borrowings of $23.52 billion. At that date, $20.10 billion of such borrowings were either not guaranteed by AIG or were matched borrowings under obligations of guaranteed investment agreements (GIAs) or matched notes and bonds payable.
49
10K
2084
1,130
MARC assumed approximately $294.0 million of liabilities (primarily future policy benefits and claim reserves) and approximately $209.0 million in assets (primarily uncollected premiums and deferred acquisition costs). The net
29
10K
4369
618
Our losses, loss adjustment expense reserves and deposit liabilities of $183.8 million on a gross basis and $105.3 million on a net basis are our best estimates as of December 31, 2011. The analysis provided by our internal valuation methods indicated that the expected range for the ultimate liability for our losses an...
84
10K
2335
889
LFD experienced a reduction in net losses in 2002. However, included in LFD’s 2002 net losses were expenses of $5.0 million described in the 2003 to 2002 comparison above. Excluding this expense, LFD’s net losses improved from a combination of increased sales in all of its product categories including life insurance, a...
74
10K
PhoenixGroupHoldingsPLC-AR_2017
3,213
As at the reporting date the Group has no intention to provide financial or other support in relation to any other consolidated structured entity.
24
annual_report
BaloiseHoldingLtd-AR_2016
451
CHANGING THE ORGANISATION. AT ALL LEVELS. Baloise operates in a challenging market with highly volatile parameters� In 2015 this situation prompted the Company’s decision to start concentrating more heavily on growth� So in 2016, the focus in HR was on establishing a culture of growth across the Group� Top-down measure...
79
annual_report
LloydsBankingGroupPLC-AR_2004
1,035
‡ The weighted average number of shares for the year has been calculated after deducting 6 million (2003: 8 million) ordinary shares representing the Group’s holdings of own shares (note 43).
31
annual_report
5582
1,573
The Company is required by general accounting principles for Fair Value Measurements and Disclosures to disclose the fair value of certain financial instruments including those that are not carried at fair value. The following table presents the carrying amounts and estimated fair values of the Company’s financial inst...
104
10K