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 |
|---|---|---|---|---|
5641 | 898 | Chaucer’s income before income taxes for the year ended December 31, 2018 was $24.7 million, compared to $8.6 million for the year ended December 31, 2017, an improvement of $16.1 million. This increase is primarily due to lower catastrophe losses. Catastrophe losses for the year ended December 31, 2018 were $85.8 million, compared to $131.1 million for the year ended December 31, 2017, a decrease of $45.3 million. Chaucer’s income before taxes, excluding catastrophes, was $110.5 million in the year ended December 31, 2018, compared to $139.7 million for the year ended December 31, 2017. This $29.2 million decline was primarily due to higher non-catastrophe current accident year large losses and higher expenses, primarily driven by higher brokerage costs due to a change in business mix. | 126 | 10K |
SwissReAG-AR_2020 | 3,269 | (which can be redefined during the annual renewal process of property re/insurance business), market conditions, capital costs, insurance penetration, storm hardening and other climate adaptation measures. Since our re/insurance book and current AEL are the result of a complex interaction between all of these factors, any future scenario would have to consider all of them, in the process rendering the effect of climate change on the resulting AEL marginal. Moreover, the future AEL for Swiss Re’s weather-related re/insurance book will depend both on our future market share and scenario projections of overall business volume.10 Independent studies have shown a wide range for future market business volumes, thus rendering long-term projections very challenging. | 112 | annual_report |
4101 | 1,254 | Cash includes all demand deposits reduced by the amount of outstanding checks and drafts. As a result of the Company’s cash management system, checks issued but not presented to banks for payment may create negative book cash balances. Such negative balances are included in other liabilities and were $4.3 million and $21.3 million as of December 31, 2009 and 2008, respectively. The Company has deposits with certain financial institutions which exceed federally insured limits. The Company has reviewed the creditworthiness of these financial institutions and believes there is minimal risk of a material loss. | 94 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2016 | 113 | TFI’s flexible offer allowed for maintenance of leadership on the market of Employee Pension Programs (EPPs). At the end of December 2016, TFI PZU was handling the total of 122 programs for 123.5 thousand people with total net assets almost: PLN 4 billion (+17.2% y/y) PLN 3 billion in 2015; PLN 3 billion in 2014 | 55 | annual_report |
SwissLifeHoldingAG-AR_2019 | 2,403 | In 2019 and 2018, hybrid debt denominated in euro was used to protect non-monetary investments (hedge funds, equity securities and investment funds) against adverse movements in euro exchange rates. | 29 | annual_report |
StandardLifeAberdeenPLC-AR_2013 | 181 | Find out more about the IFRS results in Section 1.4 – Business segment performance and Section 1.9 – Basis of preparation. | 21 | annual_report |
5 | 371 | Prior to 1992 the Company recognized the expense as amounts were paid. Such costs amounted to approximately S10,441,000 for 1991. For measurement purposes, a trend rate of 14.5% to 15% pre-65 and 11.5% post- 65, for covered costs was used. These trend rates are expected to decrease gradually to 6% and 7% at rates from 0.5% to 1.0% per annum. An increase of one percentage point in assumed health care cost trend rates would increase the accumulated postretirement benefit obligation by approximately $28,685,000 and the net periodic postretirement benefit cost by approximately $3,900,000. | 93 | 10K |
de_allianz-AR_2003 | 976 | While current income fell to 15.5 (17.8) billion euros, the balance of realized gains and losses – essentially from the sale of shares in Beiersdorf AG – increased by 1.6 billion euros to 5.7 billion euros. Despite the recovery in the financial markets, the balance of write-ups and write-downs was still clearly negative | 53 | annual_report |
HiscoxLtd-AR_2019 | 962 | When setting targets, the Committee seeks to motivate strong performance while also encouraging sustainable behaviours, in line with the defined risk appetite of the business. In determining the size of the Executive Director bonuses for 2019, the Committee used the following framework. | 42 | annual_report |
1093 | 672 | During 1998 the Company issued warrants to AOL and HPS as described in Notes F and I, respectively and to Lynx to purchase 400,000 shares of PAMCO common stock at an average price of $4.5160 for a three year period of time in accordance with the terms of a consulting agreement with Lynx to provide consulting services in regards to entering into online and internet commerce agreements and the subsequent development of the Company's capabilities and business. The warrants, valued at $663, have been accounted for as prepaid interactive marketing expense of $290 and other operating expenses, net of ceding allowance and deferred acquisition costs of $373. | 107 | 10K |
5368 | 2,323 | The condensed consolidating financial information presents the condensed consolidating balance sheet information as of December 31, 2017 and 2016 and the condensed consolidating income statement information, condensed consolidating comprehensive income statement information and condensed consolidating cash flow statement information for the years ended December 31, 2017, 2016 and 2015. | 49 | 10K |
3436 | 1,666 | In the insurance segment, the Insurance Subsidiaries provide commercial and personal lines insurance policies to businesses and individuals. The Insurance Subsidiaries commercial lines products include commercial multiple-peril, monoline general liability, commercial umbrella, monoline property, workers’ compensation and commercial automobile policies. Its personal lines products consist of homeowners, dwelling and other liability policies. | 52 | 10K |
5340 | 7,620 | • Changes in the fair value of fixed maturity securities, for which the fair value option has been elected, are used as a capital-efficient way to economically hedge interest rate and credit spread-related risk. Effective June 30, 2015, we discontinued our U.S. Treasury bond interest rate hedging program and initiated a corporate bond hedging program, which is intended to provide the same capital efficiency as the previous U.S. Treasury bond hedging program. The change in the fair value of the corporate bond hedging program in 2016 included gains, primarily due to credit spreads tightening and decreases in market interest rates in the first nine months of 2016, partially offset by an increase in rates in the fourth quarter of 2016. The change in the fair value of the corporate bond hedging program in 2015 reflected losses, primarily due to increases in market interest rates in the first six months of 2015 and credit spreads widening. The gains in 2014 from the change in the fair value of the fixed maturities securities were due to decreases in market interest rates in 2014. The change in the fair value of the hedging bonds, which is excluded from the pre-tax operating income of the Individual Retirement and Group Retirement segments, is reported in net investment income on the Consolidated Statements of Income (Loss). | 220 | 10K |
TrygAS-AR_2003 | 1,234 | Annual Report 2003 The Tryg Vesta Group 18 March 2004 page 82 of 98 | 14 | annual_report |
gb_prudential-AR_2017 | 7,042 | Yield A measure of the income received from an investment compared to the price paid for the investment. Normally expressed as a percentage. | 23 | annual_report |
4319 | 618 | · our policy claims fluctuate from period to period resulting in earnings volatility; | 13 | 10K |
NatwestGroupPLC-AR_2008 | 689 | Net interest income 1,152 1,066 1,014 Net fees and commissions 320 265 219 Other non-interest income 46 107 113 Non-interest income 366 372 332 | 24 | annual_report |
de_allianz-AR_2008 | 2,007 | (Allianz Private Kranken). In addition, Allianz Beratungsund Vertriebs-AG serves as a distribution company. All entities are organized under the umbrella of the holding company Allianz Deutschland AG. At the end of 2008, Allianz | 33 | annual_report |
HannoverRueckSE-AR_2004 | 210 | Generating 42.9% of our gross premium income, property and casualty reinsurance remains our largest business group. In the year under review the "hard market" climate once again prevailed: rates and conditions continued to be favourable, and in some lines further improvements were obtained. This was especially true of the longer-tail liability lines. In marine insurance, too, gratifying rate increases were observed in those segments that had been hit by the repercussions of hurricane "Ivan". Only in some property lines and in aviation business could a certain softening in rates be detected. | 91 | annual_report |
PowszechnyZakladUbezpieczenSA-AR_2015 | 318 | Decrease in consumer prices resulted mainly from global processes – global prices of crude oil and other resources strongly dropped, food prices remained low, and so did the inflation level in the countries being Poland’s key trade partners. At the same time, no demand pressure on price growth was observed in Poland, while production price decrease and limited remuneration pressure continued. Net inflation (CPI excluding food and energy prices) amounted in 2015 to an annual average of only 0.3% compared with 0.6% | 82 | annual_report |
AegonNV-AR_2014 | 43 | ‘the Company’, and is together with its member companies referred to as ‘Aegon Group’ or ‘the Group’. For such purposes, | 20 | annual_report |
3988 | 465 | Cash and Cash Equivalents. The Company considers all short-term highly liquid investments with original maturities of less than three months to be cash and cash equivalents. At December 31, 2009 and 2008, cash and cash equivalents consist of cash on deposit with financial institutions. | 44 | 10K |
3771 | 2,198 | Approximately $15 million of unfavorable claim and allocated claim adjustment expense reserve development was primarily related to increased severity on individual large claims from large law firm errors and omissions (“E&O”) and directors and officers (“D&O”) coverages. These increases resulted in higher ultimate loss projections from the average loss methods used by CNA’s actuaries. | 54 | 10K |
RSAInsuranceGroupPLC-AR_2010 | 1,711 | 4. Andy Haste’s allowances include an age related percentage of base salary as a retirement allowance, paid monthly. During 2010 the allowance was 36% and the amount paid was £344k. | 30 | annual_report |
INGGroepNV-AR_2017 | 2,243 | To include credit risk in the fair value, ING applies both Credit and Debit Valuation Adjustments (CVA, DVA). Own issued debt and structured notes that are measured at fair value are adjusted for credit risk by means of a DVA. Additionally, derivatives valued at fair value are adjusted for credit risk by a CVA. The CVA is of a bilateral nature as both the credit risk on the counterparty as well as the credit risk on ING are included in the adjustment. All input data that is used in the determination of the CVA is based on market implied data. Additionally, wrong-way risk (when exposure to a counterparty is increasing and the credit quality of that counterparty deteriorates) and right-way risk (when exposure to a counterparty is increasing and the credit quality of that counterparty improves) are taken into account in the measurement of the valuation adjustment. ING applies an additional ‘Funding Valuation Adjustment’ (FVA) to the uncollateralised derivatives based on the market price of funding liquidity. | 167 | annual_report |
BaloiseHoldingLtd-AR_2015 | 996 | A new invitation to tender was issued and the contract awarded in anticipation of the new requirement to change external auditors on a regular basis� At the next Annual General Meeting, the Board of Directors will propose that its shareholders elect Ernst & Young (EY), Basel, as the Company’s new external auditors� | 52 | annual_report |
5914 | 926 | Amounts recoverable from reinsurers are estimated in a manner consistent with the associated claim liability. Included in reinsurance recoverables are amounts related to certain structured settlements. The Company reports its reinsurance recoverables net of an allowance for amounts that are estimated to be uncollectible. The allowance is based upon the Company’s ongoing review of amounts outstanding, length of collection periods, changes in reinsurer credit standing, disputes, applicable coverage defenses and other relevant factors. For structured settlements, the allowance is also based upon the Company’s ongoing review of life insurers’ creditworthiness and estimated amounts of coverage that would be available from state guaranty funds if a life insurer defaults. A probability-of-default methodology which reflects current and forecasted economic conditions is used to estimate the amount of uncollectible reinsurance due to credit-related factors and the estimate is reported in an allowance for estimated uncollectible reinsurance. The allowance also includes estimated uncollectible amounts related to dispute risk with reinsurers. Amounts deemed to be uncollectible, including amounts due from known insolvent reinsurers, are written off against the allowance. Changes in the allowance, as well as any subsequent collections of amounts previously written off, are reported as part of claims and claim adjustment expenses. The Company evaluates and monitors the financial condition of its reinsurers under voluntary reinsurance arrangements to minimize its exposure to significant losses from reinsurer insolvencies. | 224 | 10K |
5677 | 533 | The National Association of Insurance Commissioners (“NAIC”) has developed financial relationships or tests known as the Insurance Regulatory Information System to assist state insurance regulators in monitoring the financial condition of insurance companies and identifying companies that require special attention or actions by state insurance regulators. The NAIC analyzes financial data provided by insurance companies using prescribed ratios, each with defined “usual ranges”. Additional regulatory scrutiny may occur if a company’s ratios fall outside the usual ranges for four or more of the ratios. None of the insurance companies had more than three ratios outside of the usual ranges. | 99 | 10K |
nl_ing_grp-AR_2012 | 1,377 | INg depositary receipts for shares held by Executive Board members Executive Board members are permitted to hold ING depositary receipts for shares as a long-term investment. The table below shows the holdings by members of the Executive Board. | 38 | annual_report |
3064 | 873 | Net cash provided by financing activities was $442,000 in 2006, as compared to $53.1 million in 2005 and $7.4 million of net cash used in 2004. Major components of cash provided in financing activities in 2006 were $428,000 of proceeds from the exercise of stock options and $14,000 of tax benefit from share-based compensation. Major components of cash provided by financing in 2005 included gross proceeds of $72.0 million from the initial public offering, offset by $8.8 million of underwriting discounts and other costs related to the initial public offering and $10.2 million to redeem shares of Series A and Series E preferred stock. In 2004, major components of net cash used in financing activities included the redemption of $27.2 million of Series E preferred stock and the repayment of the remaining $6.0 million of a note payable, offset by proceeds of $25.8 million from the issuance of subordinated notes pursuant to a trust preferred securities transaction. | 157 | 10K |
AdmiralGroupPLC-AR_2005 | 146 | The accounting treatment adopted for the commutation of the Gen Re contract has meant that for contracts incepted in 2005, the Group effectively underwrites 30% of the total motor business. For this reason, net insurance premium revenue has increased by almost 30% in the year - although on a like for like basis (that is, had the Group underwrote 25% as opposed to 30% of 2005 business), the increase is 16% – much more in line with the written premium increase noted above. | 83 | annual_report |
4465 | 971 | Our personal lines statutory combined ratio was 124.2 percent in 2011, 107.1 percent in 2010 and 111.4 percent in 2009. By comparison, the estimated industry personal lines combined ratio was 107.4 percent in 2011, 100.4 percent in 2010 and 100.6 percent in 2009. Our concentration of business in areas hard-hit by catastrophe events contributed to recent results that differed from the overall industry, an issue we are addressing in part through geographic expansion. Since early 2008, we have worked to improve our geographic diversification by expanding our personal lines operation to several states less prone to catastrophes, including the western states of Arizona, Idaho, Montana, and Utah. We have also non-renewed approximately 2,600 homeowner policies in Florida and Alabama that we believe were the most exposed to losses from hurricane damage. The contribution of catastrophe losses to our personal lines statutory combined ratio was 22.7 percentage points in 2011, 8.1 percentage points in 2010 and 16.1 percentage points in 2009, compared with an estimated 10.5, 5.3 and 4.9 percentage points, respectively, for the industry. | 174 | 10K |
INGGroepNV-AR_2014 | 35 | The main external developments in 2014 are described in the chapter ‘Market and regulatory context’, followed by one discussing the issues our stakeholders find most important. These issues are also addressed throughout this report. ‘How we are balancing our responsibilities’ is illustrated with examples. | 44 | annual_report |
AegonNV-AR_2000 | 531 | MARKETS. NET PROFITS ROSE 38%, WHILE NEW BUSINESS VOLUMES INCREASED BY 21%. | 12 | annual_report |
ScorSE-AR_2020 | 150 | SCOR’s risk appetite framework SCOR’s risk appetite framework is an integral part of the Group’s strategic plan. It is approved by the Board of Directors upon the review of a new strategic plan, and continuously thereafter, based on recommendations from the Group’s Executive Committee and the Risk Committee of the Board of Directors. The Board of Directors may vary the amount and the composition of risk that the Group is prepared to take. | 73 | annual_report |
4415 | 1,495 | in 2011, as a result of the Senior Notes Offering, we exclude the junior subordinated debt repurchase expense and the accelerated amortization of junior subordinated debt discount and issuance costs. | 30 | 10K |
4946 | 777 | The fair value of derivative instruments presented in the Company’s consolidated financial statements totaling $114.3 million at December 31, 2014 and $169.3 million at December 31, 2013 pertain to notional policyholder account values of $3.2 billion and $2.6 billion at December 31, 2014 and 2013, respectively, electing interest credits based upon applicable market index performance. | 55 | 10K |
4781 | 1,110 | Gains related to long-duration reinsurance contracts are deferred and amortized over the life of the underlying reinsured policies. Losses related to long-duration reinsurance contracts are recognized immediately. Any gain or loss associated with reinsurance agreements for which Kemper’s insurance subsidiaries have been legally relieved of their obligations to the policyholder is recognized in the period of relief. | 57 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011 | 1,927 | Market risk – Share prices the impact of a change on the stock markets in terms of absolute amounts decreased in the year under review. this is due to our reduction of equity positions and derivative hedging measures. a change in the stock market by 10% has an impact of 8.2% (11.2%) on the market value of the equity portfolio. the recognition of the hedging transactions in profit or loss has the effect that in the case of rising share prices, the overall impact on the consolidated income statement is nevertheless negative. | 92 | annual_report |
de_allianz-AR_2010 | 1,215 | Western Europe, we would anticipate further positive momentum and a broadening to other lines. Though elsewhere, for example U.S. commercial lines, there is a limited visibility on the positive catalysts that could effect a significant improvement, including a better balance of supply and demand and an exhaustion of releases from prior year claims reserves that are fuelling lower prices. We remain steadfast in our belief that prices need to be significantly higher across the board, also to compensate for claims inflation, lower investment yields and long-term catastrophe loss trends. | 89 | annual_report |
3837 | 1,309 | following table shows unpaid losses and loss expenses reported by cedants (case reserves) and those estimated by the Company (ACRs and IBNR reserves) at December 31, 2008 and 2007 (in thousands of U.S. dollars): | 34 | 10K |
SwissReAG-AR_2004 | 1,764 | Swiss Re successfully renewed its USD 5 billion European Medium Term Note (EMTN) programme, an actively used funding platform. At the end of December 2004 Swiss Re’s outstanding EMTN issues amounted to an aggregate book value of USD 2.1 billion. | 40 | annual_report |
RSAInsuranceGroupPLC-AR_2015 | 2,446 | Carrying value of net assets disposed of (18) (61) - (79) (44) (17) (140) | 14 | annual_report |
706 | 461 | The effective tax rate decreased to 28% in 1997 from 30.5% in 1996. This decrease is due in part to the increase in low income housing investments and a reduction of losses in the United Kingdom subsidiary. The Company continues its strategy to increase its investments of tax-exempt and tax-credit investments to minimize its income tax expense. | 57 | 10K |
HannoverRueckSE-AR_2000 | 45 | Eberhard Wild, Grünwald (until 20 July 2000) Former Member of the Executive Board of Bayernwerk AG | 16 | annual_report |
DirectLineInsuranceGroupPLC-AR_2015 | 921 | The core elements are the: • Matters Reserved to the Board and the Board Committees’ | 15 | annual_report |
5583 | 3,527 | The following reflects information about incurred and paid claims development for the Company’s specialty insurance segment as of December 31, 2018, net of reinsurance, as well as cumulative claims frequency, by claims event, and the total of incurred but not reported claims plus expected development on reported claims included with the net incurred claims amounts. | 55 | 10K |
ch_zurich_insurance_group-AR_2017 | 1,331 | “Managing risks means keeping our eye on the here and now, and on the long term.” Alison Martin Group Chief Risk Officer | 22 | annual_report |
NatixisSA-AR_2008 | 8,989 | 128, RUE LA BOETIE 75008 PARIS 10,110 EUR 158,850 EUR 100.00% | 11 | annual_report |
5846 | 1,363 | Participating business represented 3% of the Company’s life insurance in-force at both December 31, 2020 and 2019. Participating policies represented 17%, 19% and 20% of gross traditional life insurance premiums for the years ended December 31, 2020, 2019 and 2018, respectively. | 41 | 10K |
ASRNederlandNV-AR_2016 | 1,232 | Boval Boval is an advisor, service provider and mandated broker to a.s.r.’s P&C and disability insurance businesses, as well as to other insurance companies operating in the Dutch non-life insurance market. | 31 | annual_report |
4337 | 1,548 | The tables below summarize the balance sheet classification of our derivative fair value amounts, as well as the gross asset and liability fair value amounts, at December 31. The fair value amounts presented do not include income accruals. The notional amount of derivative contracts represents the basis upon which pay or receive amounts are calculated. Notional amounts are not reflective of credit risk. The change in the value of the notional amounts from December 31, 2010 to December 31, 2011 was due to foreign exchange and terminations of hedging activity and swap contracts in the consolidated VIE structures. | 98 | 10K |
AvivaPLC-AR_2005 | 2,223 | (b) Asbestos, pollution and social environmental hazards In the course of conducting insurance business, various companies within the Group receive general insurance liability claims, and become involved in actual or threatened litigation arising therefrom, including claims in respect of pollution and other environmental hazards. Amongst these are claims in respect of asbestos production and handling in various jurisdictions, including the United Kingdom, Australia and Canada. Given the significant delays that are experienced in the notification of these claims, the potential number of incidents which they cover and the uncertainties associated with establishing liability and the availability of reinsurance, the ultimate cost cannot be determined with certainty. However, the Group’s net exposure to such liabilities is not significant and, on the basis of current information and having regard to the level of provisions made for general insurance claims, the directors consider that any costs arising are not likely to have a material impact on the financial position of the Group. | 159 | annual_report |
4774 | 2,609 | The adjusted conversion rate at December 31, 2013 is 41.4269 shares of common stock per $1,000 principal amount of the Notes (equivalent to a conversion price of $24.14 per share), subject to further adjustment upon the occurrence of certain events, including the following: if Tower issues shares of common stock as a dividend or distribution on shares of the common stock, or if Tower effects a share split or share combination; if Tower issues to all or substantially all holders of common stock any rights, options or warrants entitling them, for a period of not more than 45 calendar days after the announcement date of such issuance, to subscribe for or purchase shares of the common stock at a price per share that is less than the average of the last reported sales price of the common stock for the ten consecutive trading day period ending on the date of announcement of such issuance; if Tower distributes shares of its capital stock, other indebtedness, other assets or property of Tower or rights, options or warrants to acquire capital stock or other securities of Tower, to all or substantially all holders of capital stock; if any cash dividend or distribution is made to all or substantially all holders of the common stock, other than a regular quarterly cash dividend that does not exceed $0.110 per share; if Tower makes a payment in respect of a tender offer or exchange offer for common stock, and the cash and value of any other consideration included in the payment per share of common stock exceeds the last reported sale price of the common stock on the trading day next succeeding the last day on which the tenders or exchange may be made. | 288 | 10K |
4603 | 983 | During the second quarter of 2012, the Company established a liability for estimated guaranty fund assessments and a related premium tax asset, primarily associated with ELNY. At December 31, 2012, the estimated liability was $26 million and the related premium tax asset was $19 million. The expected period over which the assessments will be made and the related tax credits recovered is not known. At December 31, 2011, the net liability was not considered material. | 75 | 10K |
4959 | 1,808 | (2) Included in other invested assets was $68 million, $80 million and $83 million of net investment income related to reinsurance arrangements accounted for under the deposit method in 2014, 2013 and 2012, respectively. | 34 | 10K |
1969 | 1,000 | The Company uses derivative instruments to manage risk through one of four principal risk management strategies: (i) the hedging of liabilities, (ii) invested assets, (iii) portfolios of assets or liabilities and (iv) firm commitments and forecasted transactions. Additionally, the Company enters into income generation and replication derivative transactions as permitted by its derivatives use plan that was approved by the New York Insurance Department (the "Department"). The Company's derivative hedging strategy employs a variety of instruments, including financial futures, financial forwards, interest rate, credit default and foreign currency swaps, foreign currency forwards, and options, including caps and floors. | 98 | 10K |
gb_prudential-AR_1999 | 86 | Prudential’s UK retail insurance operations comprise three businesses: Retail IFA, Prudential Retail Financial Services and Prudential Annuities. | 17 | annual_report |
1326 | 546 | These liabilities relate to the certificates of deposits issued by our bank subsidiary. The liability and interest expense account are also increased for the interest which accrues on the deposits. The weighted average interest crediting rate on these deposits was 5.8 percent during 1999. | 44 | 10K |
HannoverRueckSE-AR_2011 | 1,015 | ally exceeded. The business result reported by HLR Ireland was thus shaped by very mixed developments in the year under review. | 21 | annual_report |
3878 | 4,266 | Pursuant to the Fed Credit Agreement, in consideration for the NY Fed’s extension of credit under the Fed Facility and the payment of $500,000, AIG agreed to issue 100,000 shares of Series C Preferred Stock. See Note 15 to the Consolidated Financial Statements for further discussion of the Series C Preferred Stock. | 52 | 10K |
3779 | 903 | For the years ended December 31, 2008, 2007 and 2006, respectively, the Company recognized stock-based compensation expense of $1.3 million, $1.2 million and $0.8 million. The 2008 expense includes $0.5 million for restricted stock awards and the 2007 expense includes $0.4 million for a stock bonus and restricted stock awards. Related income tax benefits were approximately $0.3 million, $0.2 million and $0.1 million for 2008, 2007 and 2006, respectively. The Company has included stock-based compensation expense with the “Other operating and general expenses” line item in the Consolidated Statements of Income. | 91 | 10K |
AvivaPLC-AR_2014 | 2,120 | We primarily focus our work in these areas by assessing the Directors’ judgements against available evidence, forming our own judgments, and evaluating the disclosures in the financial statements. We test and examine information, using sampling and other auditing techniques, to the extent we consider necessary to provide a reasonable basis for us to draw conclusions. We obtain audit evidence through testing the effectiveness of controls, substantive procedures or a combination of both. In addition, we read all the financial and non-financial information in the Annual Report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report. | 141 | annual_report |
2297 | 897 | The Company’s exposure to non-current investments totaled $235.9 million at December 31, 2003, or 0.8 percent of invested assets from continuing operations, excluding ceded policy loans. These non-current investments are fixed income securities, foreclosed real estate, and mortgage loans that became more than thirty days past due in principal and interest payments. Approximately $155.9 million of these investments had principal and interest payments past due for a period greater than one year. | 72 | 10K |
PosteItalianeSpA-AR_2015 | 3,951 | notional fair value notional fair value notional fair value notional fair value notional fair value notional fair value | 18 | annual_report |
3968 | 725 | Our cash and short-term investments were $590 million at year-end 2009 and $177 million at year-end 2008. Additionally, we have a portfolio of marketable fixed and equity securities that are available for sale in the event of an unexpected need. These securities had a fair value of $9.7 billion at December 31, 2009. However, our strong cash flows from operations, investment maturities, and credit line availability make any need to sell securities for liquidity unlikely. | 75 | 10K |
5321 | 1,318 | Our business and results of operations are materially affected by conditions in the global capital markets and the economy generally. Stressed conditions, volatility and disruptions in global capital markets, particular markets, or financial asset classes can have an adverse effect on us, in part because we have a large investment portfolio and our insurance liabilities and derivatives are sensitive to changing market factors. See “Risk Factors - Economic Environment and Capital Markets-Related Risks - We Are Exposed to Significant Global Financial and Capital Markets Risks Which May Adversely Affect Our Results of Operations, Financial Condition and Liquidity, and May Cause Our Net Investment Income to Vary from Period to Period.” The impact on global capital markets and the economy generally of the transition occurring in the United States government and the priorities of the Trump Administration is uncertain. See “Risk Factors - Economic Environment and Capital Markets-Related Risks - If Difficult Conditions in the Global Capital Markets and the Economy Generally Persist, They May Materially Adversely Affect Our Business and Results of Operations.” | 173 | 10K |
463 | 233 | In connection with the transfer of the net assets of POMG to CNA and the assumption by CNA of the obligations of POMG under certain Realtor's errors and omissions policies, the Company guaranteed the performance by Sphere Drake Insurance, PLC ("Sphere Drake"), a third party reinsurance company, under a $5,000,000 reinsurance treaty purchased by POMG to protect it from losses in excess of a predetermined amount. Under the terms of the Company's guaranty, CNA, as the transferee of the reinsurance treaty, bears any credit risk under the treaty, including, but not limited to, any risk that Sphere Drake becomes insolvent, is adjudicated as a bankrupt or has liquidation or similar proceedings commenced against it. The reinsurance treaty represents amounts recoverable from a third party insurance company under the reinsurance treaty purchased by POMG. This guarantee is secured by $3,000,000 cash collateral posted by the Company. This amount is reported as restricted cash in the accompanying consolidated balance sheet. The Company has agreed, if necessary, to pay an additional $2,000,000, related to the guarantee, out of future commissions. On April 10, | 180 | 10K |
5607 | 1,468 | A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in | 31 | 10K |
1849 | 1,289 | The consolidated financial statements include the accounts of Prudential Financial, its majority-owned subsidiaries, and those partnerships and joint ventures in which the Company has a controlling financial interest, except in those instances where the Company cannot exercise control because the minority owners have substantive participating rights in the operating and capital decisions of the entity. The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). Intercompany balances and transactions have been eliminated. Effective on the date of demutualization and corporate reorganization, the historical consolidated financial statements of Prudential Insurance became the historical consolidated financial statements of Prudential Financial. | 109 | 10K |
AvivaPLC-AR_2020 | 3,370 | In relation to risk management, disclosures on debt securities and investment vehicles are given in note 59(b)(ii) ‘Risk management’. In relation to other guarantees and commitments that the Group provides in the course of its business, please see note 55(f) ‘Contingent liabilities and other risk factors’. | 46 | annual_report |
4740 | 758 | The Company’s taxable income is included in the consolidated federal income tax return of Ameriprise Financial. The Company provides for income taxes on a separate return basis, except that, under an agreement between Ameriprise Financial and the Company, tax benefits are recognized for losses to the extent they can be used in the consolidated return. It is the policy of Ameriprise Financial that it will reimburse its subsidiaries for any tax benefits recorded. | 73 | 10K |
5194 | 469 | The differences between our net income and comprehensive income include the changes in the unrealized gains or losses on marketable securities and changes in the fair value of our interest rate swap agreement. For the years ended December 31, 2016, 2015, and 2014, respectively, such changes increased or (decreased), net of related income tax effects, by the following amounts: | 59 | 10K |
1687 | 293 | As previously discussed, the U.S. dollar strengthened in value in relation to most major foreign currencies in which AIG transacts business. Accordingly for 2001, when foreign life premium income was translated into U.S. dollars for purposes of the preparation of the consolidated financial statements, total life premium income was approximately 6.4 percentage points less than it would have been if translated utilizing exchange rates prevailing in 2000. | 67 | 10K |
5700 | 5,104 | *At December 31, 2019 and 2018, the fair value of bonds available for sale held by us that were below investment grade or not rated totaled $27.8 billion and $28.8 billion, respectively. | 32 | 10K |
4184 | 1,714 | Universal life contracts are long-duration contracts for which contractual provisions are not fixed, unlike whole life insurance. Universal life contracts allow policyholders to vary the amount of premium, within limits, without our consent. However, we may vary the mortality and expense charges, within limits, and the interest crediting rate used to accumulate policy values. We do not record universal life premiums as revenue. Instead we recognize as revenue the mortality charges, administration charges and surrender charges when received. Some of our universal life contracts assess administration charges in the early years of the contract that are compensation for services we will provide in the later years of the contract. These administration charges are deferred and are recognized over the period when we provide those future services. | 126 | 10K |
Sampoplc-AR_2010 | 526 | No significant changes have taken place in the company's financial position since the end of the financial year. The company's liquidity position is good and in the view of the Board, the proposed distribution does not jeopardize the company's ability to fulfill its obligations. | 44 | annual_report |
4187 | 1,769 | We have an arrangement with Citicorp Data Systems, Inc. (CDS), a wholly owned subsidiary of Citi, whereby CDS provides customer service telephone support for the Company. | 26 | 10K |
AegonNV-AR_2005 | 2,570 | Vereniging AEGON, based in The Hague, holds all of the issued preferred shares. Vereniging AEGON, in case of an issuance of shares by AEGON N.V., has the right to have issued to it as many class B preferred shares as shall enable Vereniging AEGON to prevent or correct dilution to below its actual percentage of total voting shares. Class B preferred shares will then be issued at par value (EUR 0.25), unless a higher issue price is agreed. In 2003/2004, 16,900,000 class B preferred shares were issued under these option rights. In 2005, Vereniging AEGON exercised its option rights to purchase in aggregate 6,950,000 class B preferred shares at par value to correct dilution caused by AEGON’s share dividend issuances and treasury share sales during the year. | 127 | annual_report |
Sampoplc-AR_2010 | 1,830 | The intangible asset allocated to customer relations arose from the acquisition of If in 2004, as a part of the acquisition cost allocated to the insurance contracts of the If Group. The item was amortised on a straight-line basis in 6 years. | 42 | annual_report |
1789 | 498 | Other borrowings of $5.7 million at December 31, 2001 represent low-interest financing for the renovation of a building payable in various installments beginning, generally, in 2003 through 2011. Issued and undrawn | 31 | 10K |
2249 | 927 | In the normal course of business, the Company commits to fund commercial mortgage loans that generally have fixed expiration dates. At December 31, 2003, the Company had outstanding commitments to fund commercial mortgage loans with fixed interest rates ranging from 5.25% to 7.00%, totaling $102.8 million. These commitments generally have fixed expiration dates. A small percentage of commitments expire due to the borrower’s failure to deliver the requirements of the commitment by the expiration date. In these cases, the Company will retain the commitment fee and good faith deposit. Alternatively, if the Company terminates a commitment due to its disapproval of a commitment requirement, the commitment fee and deposit will be refunded to the borrower, less an administrative fee. | 119 | 10K |
gb_prudential-AR_2000 | 568 | Fund for Future Appropriations The fund for future appropriations (‘FFA’) represents the excess of assets over policyholder liabilities for the Group’s with-profits funds. The annual excess of income over expenditures of the with-profits fund, after declaration and attribution of the cost of bonuses to policyholders and shareholders, is transferred to the FFA each year through a charge to the profit and loss account. The balance retained in the FFA represents cumulative retained earnings arising on the with-profits business that has not been allocated to policyholders or shareholders. | 87 | annual_report |
4005 | 1,393 | Goodwill represents the excess of the purchase price over the fair value of the net assets acquired of PartnerRe SA, Winterthur Re and Paris Re. The Company assesses the appropriateness of its valuation of | 34 | 10K |
gb_lloyds_banking_grp-AR_2015 | 596 | By reducing the volatility in the Group’s Defined Benefit Pension Schemes through hedging in 2014, we have taken a conservative approach to risk in line with our strategy. | 28 | annual_report |
HannoverRueckSE-AR_2017 | 2,926 | Net book value at 31 December of the previous year 10,313,952 1,189,420 9,124,532 12,227,691 1,367,173 10,860,518 | 16 | annual_report |
TopdanmarkAS-AR_2015 | 1,001 | The Compliance Function's work comprises the following principal tasks: • Compliance reviews and annual current state meetings with all of the Group's business sectors and administrative departments. | 27 | annual_report |
4389 | 1,250 | The decreases in incentive compensation expenses recorded at Montpelier Syndicate 5151 from 2009 to 2011 reflect reductions in our consolidated underwriting results over that period. | 25 | 10K |
5787 | 1,290 | - Basic net income per share excludes dilution and is computed by dividing net income attributable to common stock by the weighted average number of common shares outstanding for the period. Diluted net income per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. | 59 | 10K |
3165 | 4,300 | accounting provisions of APB Opinion No. 25 until exercised, forfeited or cancelled. No compensation expense or income was recorded in 2006, 2005, or 2004 as a result of the change in the intrinsic value of the stock options. No additional options were granted under the 1998 Plan in 2006, 2005 or 2004. | 52 | 10K |
3507 | 3,801 | During 2006, the Company acquired the operating assets of Star HRG, a leading provider of low cost health plans and other employee benefits coverage for hourly and part-time workers and their families, for $156 million, including assumed liabilities. The acquisition was accounted for as a purchase, and was financed through the issuance of a note payable to the seller (see Note 12). The purchase price was allocated as follows: $57 million to identifiable intangible assets and the remaining $99 million to goodwill. | 82 | 10K |
GjensidigeForsikringASA-AR_2012 | 177 | Ownership The 20 largest owners hold a total of 80.6 per cent of the shares in Gjensidige. The Gjensidige Foundation is the largest owner, with a holding of 62.2 per cent. | 31 | annual_report |
HelvetiaHoldingAG-AR_2011 | 899 | Other cash equivalents with a maturity of less than three months 7.3 1.3 | 13 | annual_report |
gb_prudential-AR_2009 | 735 | For all clients, our goal is superior performance over the longer term. In the three years to December 2009, 38 per cent of M&G’s retail funds delivered top-quartile investment performance1. Over the same period, 89 per cent of M&G’s active institutional funds delivered returns ahead of their benchmarks. | 48 | annual_report |
1145 | 559 | In September 1998, the National Association of Insurance Commissioners ("NAIC") adopted new minimum capitalization requirements, known as risk-based capital rules, for health care coverage provided by HMOs and other risk-bearing health care entities. Depending on the nature and extent of the new minimum capitalization requirements ultimately adopted by each state, there could be an increase in the capital required for certain of the Company's regulated subsidiaries. The Connecticut Department of Insurance has promulgated regulations based on the NAIC model which are applicable to its 1999 annual financial statements. Neither New York nor New Jersey has enacted similar legislation; however, risk-based capital legislation has been introduced in New York. In addition, the New Jersey Department of Banking and Insurance ("NJDBI") published solvency regulations in June 1999 that resulted in an additional $1.5 million solvency deposit by Oxford NJ. NYSID has announced an intention to strengthen current solvency regulations to allow NYSID to take over failing health plans without a court order; however, capitalization requirements continue to be subject to state interpretation from time to time. The Company believes that the current capitalization of the subsidiaries is sufficient to meet these requirements. | 190 | 10K |
INGGroepNV-AR_2018 | 1,424 | The Executive Board is charged with the management of ING Group. This includes responsibility for setting and achieving ING Group’s strategy, objectives and policies, as well as the ensuing delivery of results. It also includes the day-to-day management of ING Group. The Executive Board is accountable for the performance of these duties to the Supervisory Board and the General Meeting. | 60 | annual_report |
HannoverRueckSE-AR_2012 | 1,885 | Maturities of the fixed-income and variable-yield securities in EUR thousand 2012 2011 | 12 | annual_report |
1699 | 520 | Reference is made to Note 11 to our Consolidated Financial Statements concerning the divestiture, effective June 30, 2000, of our health care division. | 23 | 10K |
4404 | 6,243 | The components of accumulated other comprehensive (loss) income, net of tax, are as follows for the periods ended December 31: | 20 | 10K |
1726 | 680 | Outlined in the table below are United States Industry Combined Ratios for each of the five years ended December 31: | 20 | 10K |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.