report_id
stringlengths
1
60
paragraph_nr
int64
0
28.3k
text
stringlengths
21
14.6k
n_words
int64
11
2.31k
filing_type
stringclasses
2 values
NatwestGroupPLC-AR_2012
1,423
Assets Cash and balances at central banks 79,290 79,269 57,014 Net loans and advances to banks 29,168 43,870 57,911 Reverse repurchase agreements and stock borrowing 34,783 39,440 42,607 Loans and advances to banks 63,951 83,310 100,518 Net loans and advances to customers 430,088 454,112 502,748 Reverse repurchase agre...
119
annual_report
4426
818
Premiums for primary and reinsured risks are included in revenue over the life of the contract in proportion to the amount of insurance protection provided (i.e., ratably over the policy period). The portion of the premium that is applicable to the unexpired period of a policy in-force is not included in revenue but is...
77
10K
LloydsBankingGroupPLC-AR_2009
2,269
Throughout 2009, both frameworks have continued to operate, whilst a single integrated framework has been in the course of development. The integrated framework and capital model will be rolled out during 2010 and it is anticipated that the Group will seek a variation from the FSA to operate under a single AMA waiver.
53
annual_report
NatixisSA-AR_2005
3,217
Rebate on tax reassessments - €1 million 2005: (1) Compensation on termination of lease contract over the Liberté 2 building
20
annual_report
NatwestGroupPLC-AR_2015
1,005
As part of this extended remit, the Committee will consider developments relating to banking reform and analogous issues affecting the Group in the markets where it operates, and will make recommendations to the Group Board on any consequential changes to the Group’s governance model. In order to reflect the revised re...
54
annual_report
gb_prudential-AR_2009
927
PRUPIM is a signatory of the United Nations Principles for Responsible Investment and continues to lead the property industry’s developments in sustainability through their active involvement in the British Property Federation, British Council of Shopping Centres, UK Green Building Council, Green Property Alliance, UN ...
70
annual_report
HelvetiaHoldingAG-AR_2014
2,784
Helvetia Holding does not pay any dividends and other conditions are fulfilled. However, the suspended interest payments do not lapse.
20
annual_report
3251
691
We determine IBNR reserve estimates separately for our security classes and for our other specialty classes, since we have extensive historical experience data on the security classes and limited historical experience data for
33
10K
5418
661
The following table presents summary results of our operating segments for the years ended December 31, 2015, 2016 and 2017 (in thousands):
22
10K
5819
932
Our contracts are generally subject to maximum limits of indemnifications and, as such, we currently expect that maximum remaining gross losses payable under our retroactive policies will not exceed $56 billion. Absent significant judicial or legislative changes affecting asbestos, environmental or latent injury exposu...
71
10K
5528
704
The major components of operating revenues, benefits and expenses, and net (loss) income are as follows:
16
10K
3874
1,669
Effective November 1, 2007, Individual Life reinsured the policy liability related to statutory reserves in universal life with secondary guarantees to a captive reinsurance subsidiary. These reserves are calculated under prevailing statutory reserving requirements as promulgated under Actuarial Guideline 38, “The Appl...
179
10K
HannoverRueckSE-AR_2008
191
+++ Further capital market transactions in the year under review +++
11
annual_report
PosteItalianeSpA-AR_2020
1,560
Report on operations at 31 December 2020 5. Risks and opportunities
11
annual_report
5011
4,467
Assets held for sale: Comprise U.S. Treasury fixed income securities, short-term investments and separate account assets. The valuation is based on the respective asset type as described above.
28
10K
TrygAS-AR_2010
185
Tryg intends to reduce claims by urging customers to prevent claims through guidance and attractive agreements, as preventive measures can help reduce risk and thus premium levels.
27
annual_report
RaiffeisenBankInternationalAG-AR_2012
2,528
For three members of the Management Board who changed from RZB to RBI the bonus calculation for 2010 was performed according to RZB return on equity (ROE). According to the contractual provisions applicable to these persons until the end of
40
annual_report
AegonNV-AR_2013
2,170
Forty percent of variable compensation related to performance year 2013 is payable in 2014. This will be split 50/50 in a cash payment and in an allocation of shares.
29
annual_report
PosteItalianeSpA-AR_2017
6,102
For the year ended 31 December 2016 1) Cost of services provided by Poste Italiane SpA: (4,418) (4,457)
18
annual_report
4985
1,728
Net investment income. Net investment income allocated to the Property and Casualty Reinsurance segment consists of net investment income on float and was $11.3 million for the year ended December 31, 2014 compared to $27.0 million for the year ended December 31, 2013. The decrease in net investment income on float for...
131
10K
3563
1,542
Our Lloyd’s segment contributed $91.8 million of total gross written premiums in 2006, or 59.4%, compared to $80.7 million, or 13.2% in 2005. This increase in Lloyd’s contribution reflects the run-off status of other segments in 2006 and modest growth in our Lloyd’s operations in 2006.
46
10K
gb_prudential-AR_2002
1,514
Prudential UK & Europe Insurance Operations 3 Sheldon Square London W2 6PR
12
annual_report
2026
1,640
The following table indicates the line items in the Company’s consolidated and segmented income statements for the year ended December 31, 2001 that the Other Charges in the table above are reflected in. In addition, all of the reorganization charges are reflected in reconciling in the table as discussed above.
50
10K
3418
1,424
In December 2007, the FASB issued SFAS 160, “Non-controlling Interests in Consolidated Financial Statements,” which amends Accounting Research Bulletin 51, “Consolidated Financial Statements,” to establish accounting and reporting standards for the non-controlling interest in a subsidiary and for the deconsolidation of...
96
10K
4092
887
In May 2009, additional new authoritative accounting guidance (Accounting Standards Update No. 2009-5) under ASC 820 was issued. This update provides guidance for measuring the fair value of a liability in circumstances in which a quoted price in an active market for the identical liability is not available. In such in...
185
10K
nl_ing_grp-AR_2014
1,120
ING Bank’s capital position is primarily managed according to its published common equity Tier 1 ratio and leverage ratio. These are ING Bank’s main constraining factors and the most widely used variable for assessing banks’ capitalisation.
36
annual_report
NatixisSA-AR_2019
324
Corporate & Investment Banking serves corporate clients, financial institutions, institutional investors, financial sponsors, public sector entities and the Groupe BPCE networks. It advises them and develops innovative tailor-made solutions to support their strategy by drawing on the full range of its expertise in inve...
90
annual_report
1756
683
Prior to the sale, on November 3, 1999, the Company increased its ownership of Conex from 66% to 83% through the redemption of its remaining preferred shares and conversion of intercompany loans into common stock. On August 2, 1999, the Company increased its ownership of Conex from 32% to 66% through the redemption of ...
171
10K
4128
1,581
Selling, underwriting and general expenses consist primarily of commissions, premium taxes, licenses, fees, amortization of deferred acquisition costs (“DAC”) and value of business acquired (“VOBA”) and general operating expenses. For a description of DAC and VOBA, see Notes 2, 9 and 12 to the Notes to Consolidated Fin...
54
10K
NatixisSA-AR_2005
1,373
The ratio of liquid assets to liabilities falling due within one month must be higher than 100%. It stood at 139% at
22
annual_report
SwissReAG-AR_2007
1,173
Institutional investors Switzerland 26.8 53.5 14.4 Europe (excluding Switzerland) 33.0 65.7 17.7
12
annual_report
4120
1,852
Our former Star HRG Division, which designed, marketed and administered limited benefit health insurance plans for entry level, high turnover and hourly employees, reported operating income of $128,000, $118,000 and $199,000 in the years ended 2009, 2008 and 2007, respectively. We have experienced very little activity ...
58
10K
de_allianz-AR_2013
2,382
€ 82 mn at Allianz Spain. The reduction was driven by lower claim frequency and severity due to the economic environment, more favorable price agreements with external suppliers and the increased number of small claims managed directly by Allianz Global Assistance with the benefit of a lower cost to the company.
51
annual_report
fr_axa-AR_2000
139
The AXA stock price outperformed its benchmark indices in the first half of 2000 before falling below benchmark in the second half as the US economy slowed and a number of major financial transactions were completed worldwide. While the transactions completed by AXA have improved its risk profile, the investment market...
112
annual_report
fr_axa-AR_2000
2,173
SHARES OWNED BY THE MANAGEMENT BOARD MEMBERS AT DECEMBER 31, 20001
11
annual_report
Sampoplc-AR_2011
1,951
Liabilities for unit-linked insurance and investment contracts - 3,124 - - 3,124
12
annual_report
SwissReAG-AR_2002
63
On 1 April 2003, Ann F. Godbehere will take over as Chief Financial Officer from John H. Fitzpatrick, who will become Head of the Life & Health Business Group on the same date. The fact that everyone involved in this reassignment of responsibilities was already employed at Swiss Re testifies to the depth of management ...
60
annual_report
RaiffeisenBankInternationalAG-AR_2009
2,402
Rating models and credit structure The rating process is the process of determining the creditworthiness of a counterparty. Raiffeisen International uses internal ratings for assessing credit risk where different risk-classification procedures (rating and scoring models) for different asset classes are employed. Non-re...
75
annual_report
HiscoxLtd-AR_2020
1,176
Performance outcomes for 2020 In recognition of the withdrawal of the 2019 final dividend, the Committee agreed that Executive Directors would not be paid a bonus until the dividend has resumed. For completeness, the table opposite sets out the key objectives and individual achievements of each Executive Director. The ...
55
annual_report
4828
2,151
intent to sell or it is more-likely-than-not that it will be required to sell the security before recovery, declines in fair value are recorded in the consolidated statements of operations.
30
10K
SwissReAG-AR_2020
3,185
• Increased operating costs (eg higher compliance costs, increased insurance premium)
11
annual_report
AvivaPLC-AR_2011
3,769
Notes to the consolidated financial statements continued 47 – Pension obligations continued (vii) Recognition in the statement of financial position The assets and liabilities of the schemes, attributable to defined benefit members, including investments in Group insurance policies (see footnote below), at 31 December ...
54
annual_report
ScorSE-AR_2009
477
With the acquisition of XL Re Life America, a subsidiary of XL Capital Ltd., SCOR has further complemented its Life and Health business and U.S. offering. The transaction was signed on 18 July 2009 and was closed on 4 December 2009. The total consideration of the transaction amounts to EUR 31.7 million, being settled i...
86
annual_report
3318
1,828
In September 2006, the FASB issued SFAS No. 157, “Fair Value Measurements” (“SFAS No. 157”). SFAS No. 157 (i) defines fair value, (ii) establishes a framework for measuring fair value in GAAP and (iii) expands disclosure requirements about fair value measurements. SFAS No. 157 is effective for all financial statements ...
207
10K
4211
1,029
Net investment income decreased 3.2% to $547.8 million in 2009 from $565.9 million in 2008, primarily due to lower yields on new money, partially offset by a decrease in losses from our limited partnership investments that invest in public and non-public securities, both equity and debt.
46
10K
2120
371
See the section titled "Property and Casualty Reserves for Unpaid Claims and Claim Expenses" on pages 4-6 and Note 6 to our consolidated financial statements for a more detailed discussion of the general approach we follow in establishing and adjusting claim-related reserves.
42
10K
fr_axa-AR_2004
1,047
On September 30, 2005, AXA’s fully paid up share capital totaled €4,375,603,269.94, evidenced in 1,910,743,786 shares with a par value of €2.29 and earning dividends as of January 1, 2005.
30
annual_report
INGGroepNV-AR_2009
2,352
Asset backed securities in the United States Level 3 assets include EUR 6.4 billion at 31 December 2009 and EUR 25.2 billion at 31 December 2008 for investments in asset backed securities in the United States. The decrease mainly relates to the transfer of Alt-A securities to the Dutch State as part of the Illiquid Ass...
85
annual_report
INGGroepNV-AR_2017
2,786
As at 31 December 2017, ING Group has unused lines of credit available including the payment of commercial paper borrowings relating to debt securities in issue of EUR 5,750 million (2016: EUR 12,015 million).
34
annual_report
2891
487
The Company receives underwriting and distribution services from Allstate Financial Services, LLC ("AFS"), an affiliated broker/dealer company, for certain variable annuity and variable life insurance contracts sold by Allstate exclusive agencies. The Company incurred $46 million, $44 million and $38 million of commiss...
58
10K
AvivaPLC-AR_2019
1,907
Maximum opportunity There is no maximum increase within the Policy. However, basic salary increases take account of the average basic salary increase awarded to the broader employee population. Different levels of increase may be agreed in certain circumstances at the Committee’s discretion, such as: • An increase in j...
72
annual_report
2279
547
Income taxes. Income taxes for the year ended December 31, 2003 were $8.1 million, at an effective tax rate of 38.9%, compared to $12.4 million at an effective tax rate of 41.0% for the year ended December 31, 2002. The effective tax rate for the year ended December 31, 2003 reflects $283 thousand of net state tax refu...
97
10K
HelvetiaHoldingAG-AR_2017
561
The changes to the fixed total compensation proposed to the Shareholders’ Meeting thus include the additions referring to the former variable compensation as well as the personnel changes on the Board of Directors.
33
annual_report
NatixisSA-AR_2020
5,415
The Natixis Grand Cayman branch was closed in the third quarterV of 2020.
13
annual_report
CNPAssurancesSA-AR_2016
82
IT PAYS TO BE AGILE IN THE UPSCALE SEGMENT CNP Assurances pulled out all the stops to establish itself in wealth management. It set up CNP Patrimoine as a dedicated unit, built a range of life insurance products in line with the highest standards of the upscale segment, created a range of innovative products, introduce...
113
annual_report
3648
1,992
Year Ended December 31, 2008 compared with the Year Ended December 31, 2007 - Auto & Home
17
10K
NatwestGroupPLC-AR_2012
2,364
Note: (1) Largely comprises certain of the Group’s portfolios covered by the standardised approach, for which a probability of default equivalent to those assigned to assets covered by the internal ratings based approach is not available.
36
annual_report
5773
962
The Company bases its investment decision on the underlying credit characteristics of the municipal security. The weighted average credit rating of the municipal bond portfolio was “Aaa/Aa1” at December 31, 2019.
31
10K
Sampoplc-AR_2016
375
During 2016 Sampo complied in full with the Finnish Corporate Governance Code issued 1 October 2015 by the Securities Market Association, effective from 1 January 2016.
26
annual_report
PosteItalianeSpA-AR_2019
2,597
Therefore, the Policy’s objective is to prevent, manage and, where possible, reduce the environmental impacts generated by the Company’s operational activities, in particular, from the use of buildings and logistics and transport activities, whether carried out directly or through suppliers and partners.
42
annual_report
2462
582
Other operating expenses - were $8.5 million and $8.0 million for the years ended December 31, 2004 and 2003, respectively. The increase of $0.5 million in general operating expenses was primarily due to increased business in-force.
36
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011
276
Munich re group annual report 2011 all in all, the remuneration system for members of the board of Management was in conformity with the recommendations of the german corporate governance code for 2011. in particular, it also complies with the german regulation of 6 october 2010 con­ cerning the supervisory law require...
64
annual_report
5770
1,223
Corporate reflects amounts not allocated to operating segments, including net interest expense (defined as interest on corporate debt less net investment income on investments not supporting segment and other operations), certain litigation matters, expense associated with our frozen pension plans, charitable contribut...
96
10K
5250
724
On April 8, 2016 we entered into an amendment and restatement to our multicurrency credit agreement dated September 19, 2013 (which we refer to as the Credit Agreement), with a group of fifteen financial institutions. The amendment and restatement, among other things, extended the expiration date of the Credit Agreemen...
178
10K
2987
2,343
effectiveness of our distribution and service channels by increasing the productivity of the Allstate brand's exclusive agencies and our direct channels: the Internet and call centers.
26
10K
3217
1,075
aggregate liquidation preference of $197,178, equal to the book value of Darwin Group on December 31, 2005, in exchange for all of the outstanding common stock of Darwin Group held by AIHL. In addition, AIHL exchanged its 6,600,000 shares of common stock of DPUI, representing 80% of the issued and outstanding shares of...
118
10K
gb_prudential-AR_2019
2,867
As part of the Board’s wider initiatives, which included the appointment of designated Non-executive Directors who led on workforce engagement during the year as detailed in the ‘Governance’ section earlier in this Annual report, the Committee took additional measures in 2019 to explain how the remuneration of Executiv...
128
annual_report
5235
1,005
When we establish our reserves, we analyze various factors such as our historical loss experience and that of the insurance industry, claims frequency and severity, our business mix, our claims processing procedures, legislative enactments, judicial decisions and legal developments in imposition of damages, and general...
172
10K
3702
1,268
and 2006, we paid $3.7 million and $21.1 million to repurchase 0.2 million shares and 0.8 million shares of our Common Stock, respectively.
23
10K
AvivaPLC-AR_2012
3,212
Total (excluding assets held for sale) 3.5 1.3 4.8 13.1 4.3 17.4
12
annual_report
4812
1,759
Liabilities for policy and contract claims, which primarily represent liabilities for claims under medical stop-loss and individual life policies, are established on the basis of reported losses. The Company also provides for claims incurred but not
36
10K
2181
839
Senior HMO membership decreased approximately 20% at December 31, 2002 compared to the prior year due to a decrease of 150,100 members in California and Texas. This decrease primarily resulted from county exits and member disenrollments attributable to reduced benefits and increased premiums effective January 1, 2002.
47
10K
2264
290
Rental expense was approximately $18,773,000, $17,586,000 and $18,021,000 for 2003, 2002 and 2001, respectively. Future minimum lease payments (without provision for sublease income) are $14,583,000 in 2004; $12,503,000 in 2005; $10,103,000 in 2006; and $26,525,000 thereafter.
36
10K
HannoverRueckSE-AR_2009
2,832
The breakdown of actual and deferred income taxes was as follows: Income tax in eUr thousand 2009 2008 actual tax for the year under review 146,887 181,395 actual tax for other periods 37,804 30,298
34
annual_report
4312
1,464
Dividends. Our quarterly common stock dividend is $0.0025 per share. Assuming that our outstanding common stock remains constant at 133,049,213 shares (the number of shares outstanding at December 31, 2010), we would require approximately $1.3 million in the aggregate to pay our quarterly dividends for the next 12 mont...
49
10K
fr_axa-AR_2015
8,347
■ disclosure controls and procedures designed to ensure that executives have the necessary information to make fully informed disclosure decisions on a timely basis and that the
27
annual_report
4749
1,128
$32,900 was funded through loans with First Niagara Bank and the balance with cash on hand. For the year ended December 31, 2013, rental revenue and net loss from this acquisition were approximately $1,082 and $901, respectively.
37
10K
275
361
The interest rate used to discount the disability reserves is a composite of the yields on assets specifically matched with each block of business. Management expects the reserve discount rate for certain disability products will further decline, since current cash flows are invested in high quality assets at current y...
87
10K
5695
930
Ambac’s subsidiaries provide financial guarantees in respect of assets held or debt obligations of VIEs. Ambac’s primary variable interest exists through this financial guarantee contract. The
26
10K
4843
1,548
As of December 31, 2013, we were in compliance with all covenants under our revolving credit facility.
17
10K
AvivaPLC-AR_2018
360
Long-term investment return (LTIR) declined by £2 million to £161 million (2017: £163 million), with the reduction in the internal loan return (net neutral to Group) broadly offset by the impact of an updated investment mix.
36
annual_report
AegonNV-AR_2010
722
Underlying earnings geographically New Markets In EUR million 2010 2009 %
11
annual_report
fr_axa-AR_2007
7,914
Principal function branch Asset Management Specialist — AXA Financial, inc. (united States)
12
annual_report
RaiffeisenBankInternationalAG-AR_2006
660
Founded in 1991, Tatra banka a.s., is now the third-largest bank in Slovakia by total assets with a balance sheet total of  6 billion (plus 24 per cent). The bank has been considered a long-time leader in areas such as corporate banking, electronic banking, treasury, asset management, payment cards and private banking...
83
annual_report
5208
1,592
Income taxes were different from the amount computed by applying the statutory federal income tax rate to income before income taxes as follows:
23
10K
5860
1,165
The amortized cost and fair value of our available-for-sale investments in fixed maturity securities presented by contractual maturity as of December 31, 2020 and 2019, were as follows:
28
10K
3563
1,756
Premiums written and ceded on certain types of contracts include estimates based on information received from the ceding companies, brokers or insureds. Estimates of written premiums are re-evaluated over the term of the associated contracts as underwriting information becomes available and as actual premiums are repor...
84
10K
4440
2,793
At December 31, 2011 and 2010, $1.9 billion and $2.4 billion of letters of credit were outstanding, of which 93.8% and 21.1%, respectively, were collateralized by the Company’s investment portfolios, primarily supporting U.S. non-admitted business and the Company’s Lloyd’s syndicates’ capital requirements.
42
10K
2152
757
The Institutional Markets business unit of Group Operations, which was not included in the sale of CNA's group benefits business to Hartford and provides investment products to pension plan sponsors and other institutional customers, would be significantly impacted by a downgrade of CAC/VFL.
43
10K
HiscoxLtd-AR_2018
1,819
Profit before tax 137,375 39,692 Tax calculated at the standard corporation tax rate applicable in Bermuda: 0% (2017: 0%) – – Effects of Group entities subject to overseas tax at different rates 4,411 (4,391) Impact of overseas tax rates on: Effect of rate change 497 1,429 Expenses not deductible for tax purposes 1,425...
66
annual_report
3264
543
See the APMT Reserves section of this MD&A and Note F of the Consolidated Financial Statements included under Item 8 for additional information relating to APMT claims and reserves.
29
10K
2849
874
Premiums and discounts on debt securities are amortized over the life of the security as an adjustment to yield using the effective interest method. Realized gains and losses on disposition of investments are included in net income. The cost of investments sold is determined on the specific identification method using ...
82
10K
HiscoxLtd-AR_2019
1,315
Salary reviews are applied consistently throughout the Group, ensuring employees are paid fairly in line with their responsibilities, experience and the market rate for the role. All employees (including Executive Directors) are encouraged to become Hiscox shareholders through our SAYE schemes and have benefited from t...
82
annual_report
PowszechnyZakladUbezpieczenSA-AR_2018
2,182
Members of the Supervisory Board are appointed by the Shareholder Meeting for a joint term of office which lasts three consecutive full financial years. At least one member of the audit committee appointed by the Supervisory Board must hold qualifications in accounting or auditing financial statements within the meanin...
188
annual_report
5491
2,295
For discussion of the valuation methodologies for assets and liabilities measured at fair value, as well as a discussion of transfers of Level 3 assets and liabilities see Note 5 to the Consolidated Financial Statements.
35
10K
1530
474
The fair value of the look-back option implicit in each offering of the Purchase Plans is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions used for grants in 2000, 1999 and 1998, respectively: dividend yield of 0% for all years; expected volatil...
74
10K
1888
544
Premiums, Benefits and Expenses. Premiums for traditional individual life (including Preneed) and accident and health policies are reported as earned when due. Benefit claims (including an estimated provision for claims incurred but not reported), benefit reserve changes and expenses (except those deferred) are charged...
104
10K
157
1,023
Medicare supplement 22.2 25.8 32.0 (13.0)% (19.4)% Other accident and health 8.7 9.3 10.5 (6.5)% (11.4)% Life insurance 8.8 7.3 4.3 20.5% 69.8%
23
10K
3029
547
The Company believes that the cash flows it receives from its subsidiaries and, if needed, additional borrowings from banks and affiliates of the Company will enable the Company to meet its liquidity requirements for the foreseeable future. Management is not aware of any current recommendations by regulatory authoritie...
65
10K
3630
1,198
Group life, accident and health - The 2008 increase in premium is from our current-year acquisition of MultiNational Underwriters, for which we use one of our managed Lloyd’s syndicates as the issuing carrier. The 2007 increase was from our 2006 acquisition of the Health Products Division, which writes medical stop-los...
76
10K