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 |
|---|---|---|---|---|
3815 | 1,887 | The Company has identified the following estimates as critical in that they involve a higher degree of judgment and are subject to a significant degree of variability: property and casualty reserves, net of reinsurance; life estimated gross profits used in the valuation and amortization of assets and liabilities associated with variable annuity and other universal life-type contracts; living benefits required to be fair valued; valuation of investments and derivative instruments; evaluation of other-than-temporary impairments on available-for-sale securities; pension and other postretirement benefit obligations; contingencies relating to corporate litigation and regulatory matters; and goodwill impairment. In developing these estimates management makes subjective and complex judgments that are inherently uncertain and subject to material change as facts and circumstances develop. Although variability is inherent in these estimates, management believes the amounts provided are appropriate based upon the facts available upon compilation of the financial statements. | 143 | 10K |
4163 | 975 | Average liabilities for insurance products, net of reinsurance ceded were $12.1 billion in 2010, up 5.5 percent from 2009, and $11.5 billion in 2009, up 8.9 percent from 2008. The increase in such liabilities was primarily due to increases in annuity and health reserves resulting from new sales of these products. | 51 | 10K |
NatwestGroupPLC-AR_2008 | 259 | UK Retail & Commercial Banking (RBS UK) comprises retail, corporate and commercial banking and wealth management services. It operates through a range of channels including on-line and fixed and mobile telephony, and through two of the largest networks of branches and ATMs in the UK. | 45 | annual_report |
5573 | 1,364 | Comprehensive earnings include net earnings plus unrealized gains/losses on available-for-sale investment securities, net of tax. In reporting the components of comprehensive earnings on a net basis in the statement of earnings, the Company used a 21% tax rate for 2018 and 2017 and 34% for all prior periods. | 48 | 10K |
5532 | 928 | A summary of the effect of cash flow hedges in accumulated other comprehensive loss for the year ended December 31, 2016 is as follows: | 24 | 10K |
5004 | 1,437 | Changes in our premium volume within our Specialty P&C segment are driven by four primary factors: (1) the amount of new business, (2) our retention of existing business, (3) the premium charged for business that is renewed, which is affected by rates charged and by the amount and type of coverage an insured chooses to purchase, and (4) the timing of premium written through multi-period policies. In addition, premium volume may periodically be affected by shifts in the timing of renewals between periods. The healthcare professional liability market, which accounts for a majority of the revenues in this segment, remains challenging as physicians continue joining hospitals or larger group practices and are thus no longer purchasing insurance in the standard market. In addition, some competitors have chosen to compete primarily on price; both factors impact our ability to write new business and retain existing business. | 145 | 10K |
PosteItalianeSpA-AR_2015 | 1,159 | Financ ial l iabi l i t ies (55,083) (54,004) (1,079) 2.0% | 12 | annual_report |
1107 | 533 | Southwestern Life interest sensitive business. During 1997, management began implementing a plan intended to reduce the anticipated losses associated with these policies. Such actions included contractually allowable reductions in credited rates and increases in cost of insurance and expense charges. | 40 | 10K |
3551 | 592 | estimated expenses for insolvencies and other state fees and ii) classifying business related to our assigned risks on a gross basis. These items reduced the 2005 expense ratio by 1.5 percentage points. When taking these items into consideration the expense ratio remained consistent from 2005 to 2006. | 47 | 10K |
StorebrandASA-AR_2017 | 161 | Principal goal - Competitive and sustainable returns to shareholders and customers | 11 | annual_report |
AegonNV-AR_2008 | 2,808 | Property with a value of EUR 21 million collateralizing mortgage loans was taken possession of in December 2008. As at | 20 | annual_report |
fr_axa-AR_2005 | 3,109 | Receivables arising from direct insurance and inward reinsurance operations 11,372 (1,771) 9,601 | 12 | annual_report |
5281 | 1,816 | In the annuity business, where profitability is largely dependent on earning a spread between invested assets and annuity liabilities, the duration of investments is generally maintained close to that of liabilities. In a rising interest rate environment, significant protection from withdrawals exists in the form of temporary and permanent surrender charges on AFG’s annuity products. With declining rates, AFG receives some protection (from spread compression) due to the ability to lower crediting rates, subject to contractually guaranteed minimum interest rates (“GMIRs”). AFG began selling policies with GMIRs below 2% in 2003; almost all new business since late 2010 has been issued with a 1% GMIR. At December 31, 2016, AFG could reduce the average crediting rate on approximately $22 billion of traditional fixed and fixed-indexed annuities without guaranteed withdrawal benefits by approximately 80 basis points (on a weighted average basis). Annuity policies are subject to GMIRs at policy issuance. The table below shows the breakdown of annuity reserves by GMIR. The current interest crediting rates on substantially all of AFG’s annuities with a GMIR of 3% or higher are at their minimum. | 182 | 10K |
3221 | 712 | The Company derives the majority of its business from four United States based primary financial guaranty insurance companies namely Financial Security Assurance Inc., MBIA Insurance Corp., Ambac Assurance Corp. and Financial Guaranty Insurance Co. The four primary insurers accounted for 30%, 22%, 25%, and 12% in 2006, for 31%, 31%, 27%, and 7% in 2005, and for 38%, 39%, 20%, and 1% in 2004 of gross premiums written. This customer concentration results from the small number of primary insurance companies that are licensed to write financial guaranty insurance. The majority of the Company’s gross premiums written are derived from treaty agreements that are renewed on an annual basis. One of the four United States based primary financial guaranty insurance companies identified above is also related parties. Description of the relationship is discussed in Note 18 “Related party transactions.” | 138 | 10K |
1756 | 300 | - - in our income statement for 2001, we recorded a $669,000 dividend received from Jungfraubahn in investment income, and $241,000 of income in the line "Equity Share of Investees' Net Income" for the portion of the year when the equity method was applied; and - - in our balance sheet, we now record the investment at market value. At December 31, 2001, this was approximately $7.4 million less than our previous carrying value because the share price of Jungfraubahn is less than that company's book value per share (i.e., net assets). This caused a net reduction in shareholders' equity of approximately $6.8 million, or $0.55 per PICO share. This is a change in accounting treatment only, and does not reflect any change in the potential value of our investment in Jungfraubahn. See "Significant Accounting Policies" later in this section. | 140 | 10K |
HiscoxLtd-AR_2014 | 1,412 | Details of all foreign currency derivative contracts entered into with external parties are given in note 21. All foreign currency derivative transactions with external parties are managed centrally. Included in the tables on pages 94 and 95 are net non-monetary liabilities of £197 million (2013: £196 million) which are denominated in foreign currencies. | 53 | annual_report |
4774 | 2,298 | Tower’s other assets balances are comprised primarily of fixed assets, restricted cash, deposit assets, receivables for securities sold, receivables for the participation in involuntary pools and current tax receivables. | 29 | 10K |
2997 | 489 | Commercial Automobile. For third party claims, the methodology for establishing case reserves is virtually identical to that of general liability. First party automobile reserves are established based upon the cost of repair or actual cash value as appropriate under the circumstances, generally confirmed by an appraisal, and consistent with applicable state claims handling regulations. | 54 | 10K |
fr_axa-AR_2014 | 5,711 | Mediterranean and Latin America Region 1,506 - 1,506 1,327 - 1,327 | 11 | annual_report |
NatwestGroupPLC-AR_2013 | 3,178 | Credit risk continued Early problem identification and problem debt management continued Recoveries Once a loan has been identified as impaired it is managed by divisional recoveries functions. Their goal is to collect the total outstanding and reduce the Group’s loss by maximising cash recovery while treating customers fairly. Where an acceptable repayment arrangement cannot be agreed with the customer, litigation may be considered. In UK Retail and Northern Ireland, no repossession procedures are initiated until at least six months following the emergence of arrears. In the Republic of Ireland, new regulations prohibit taking legal action for an extended period. Additionally, certain forbearance options are made available to customers managed by the recoveries function. | 113 | annual_report |
861 | 1,021 | The acquisition of BIG was funded with (a) senior debt financing in the amount of $110.0 million and (b) equity financing in the amount of $200.1 million. The senior debt financing was obtained pursuant to the terms of a Credit Agreement dated as of December 10, 1998, among SNIG, Chase, as administrative agent, and various lending institutions. In addition, we obtained a working capital credit facility under the terms of the Credit Agreement, and had $15.0 million in unused availability as of December 31, 1998. Prior to incurring the indebtedness, we obtained the consent of holders of the outstanding Trust Preferred Securities of the Trust, a subsidiary of SNIG, authorizing the Preferred Trustee of the Trust to waive a provision of the covenant limiting the incurrence of indebtedness set forth in the Senior Subordinated Indenture dated as of December 3, 1997 between SNIG, as issuer, and Wilmington Trust Company, as trustee. This waiver was effected pursuant to the First Supplemental Indenture, dated as of November 17, 1998, between SNIG and the Wilmington Trust Company, as trustee. | 176 | 10K |
CNPAssurancesSA-AR_2020 | 305 | Via the La Fabrique d’Assurance observatory, we instigated the 2020 white paper on trust in insurance, which lays down 27 proposals for restoring policyholder confidence, such as clearer policy documentation and more transparent use of personal data. | 37 | annual_report |
4328 | 1,124 | United States municipalities, states and territories: These securities are relatively long in duration, making the value of such securities sensitive to changes in market interest rates. These securities carry yields less than those available at December 31, 2010 as the result of rising interest rates in 2010. | 47 | 10K |
NatwestGroupPLC-AR_2017 | 5,385 | RBSSAF (7) Ltd BF FC The Quadrangle, The Promenade, Cheltenham, GL50 1PX, England | 13 | annual_report |
HelvetiaHoldingAG-AR_2015 | 926 | Underlying earnings in the non-life segment amounted to CHF 331.8 million (financial year 2014: CHF 272.5 million). The increase in earnings of CHF 59.3 million or 21.8 % is the result of an improved technical result and the volume contributions of the two acquisitions. Exchange rate effects had a negative effect and curbed earnings growth in CHF. | 57 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012 | 1,671 | In reinsurance, measurement is carried out partly individually for each risk and partly collectively for reinsured portfolios, using biometric actuarial assumptions based on the tables of the national actuarial associations. These are adjusted for the respect ive reinsured portfolio, in line with the probabilities observed for the occurrence of an insured event. Discount rates are chosen that reflect the best estimate of expected investment income, less a safety margin. For the major part of the portfolio, these assumptions are fixed at the beginning of the contract and not changed over its duration. | 92 | annual_report |
ASRNederlandNV-AR_2018 | 1,344 | In addition to the risk priorities, a.s.r. also identified emerging risks. Emerging risks are defined by a.s.r. as new or existing risks with a potentially major impact, the level of which is hard to define. | 35 | annual_report |
ScorSE-AR_2019 | 2,357 | (collateralized retrocession, Insurance-Linked Securities including catastrophe bonds); • solvency buffer; SCOR has set out a solvency scale with clear and well-defined buffers safeguarding the Group’s franchise; • contingent capital facilities, designed as tools of last resort, to partially replenish the Group’s capital base in case of very remote pre-defined events. The current contingent capital guaranteed equity line is providing the Group with EUR 300 million coverage. It is innovative in that it protects the | 74 | annual_report |
3734 | 2,159 | DAC related to traditional life insurance is amortized over the premium paying period of the related policies in proportion to the estimated revenues on such business. Significant assumptions relating to estimated premiums, investment returns, which include investment income and realized capital gains and losses, as well as mortality, persistency and expenses to administer the business are established at the time the policy is issued and are generally not revised during the life of the policy. The assumptions for determining DAC amortization are consistent with the assumptions used to calculate the reserve for life-contingent contract benefits. Any deviations from projected business in force resulting from actual policy terminations differing from expected levels and any estimated premium deficiencies may result in a change to the rate of amortization in the period such events occur. Generally, the amortization periods for these policies approximates the estimated lives of the policies. The recovery of DAC is dependent upon the future profitability of this business. We periodically review the adequacy of reserves and recoverability of DAC for these policies on an aggregate basis using actual experience. We aggregate all products accounted for pursuant to Statement of Financial Accounting Standard No. 60, "Accounting and Reporting by Insurance Enterprises" ("SFAS No. 60"), in the analysis. In the event actual experience is significantly adverse compared to the original assumptions, any remaining unamortized DAC balance must be expensed to the extent not recoverable and a premium deficiency reserve may be required if the remaining DAC | 245 | 10K |
2020 | 474 | required accounting for sale-leaseback transactions and the required accounting for certain lease modifications that have economic effects that are similar to sale-leaseback transactions. This Statement also amends other existing authoritative pronouncements to make various technical corrections, clarify meanings, or describe their applicability under changed conditions. | 45 | 10K |
5585 | 624 | Due to our determination that we may not be able to fully realize the benefits of the net operating loss ("NOL") acquired in the purchase of American Indemnity Financial Corporation, which are only available to offset the future taxable income of our property and casualty insurance operations and are further limited as to the amount that can be utilized in any given year, we have recorded a valuation allowance against these NOLs. Based on a yearly review, we determine whether the benefit of the NOLs can be realized, and, if so, the decrease in the valuation allowance is recorded as a reduction to current federal income tax expense. If NOLs expire during the year, the decrease in the valuation allowance is offset with a corresponding decrease to the deferred income tax asset. The valuation allowance was reduced by $0.7 million in 2018 due to the realization of $3.1 million in NOLs. During 2018, the remaining NOL from the purchase of American Indemnity Financial Corporation was fully realized. | 167 | 10K |
4331 | 1,168 | At December 31, 2010, Aon had domestic federal operating loss carryforwards of $56 million that will expire at various dates from 2011 to 2024, state operating loss carryforwards of $610 million that will expire at various dates from 2011 to 2031, and foreign operating and capital loss carryforwards of $720 million and $251 million, respectively, nearly all of which are subject to indefinite carryforward. | 64 | 10K |
NatixisSA-AR_2014 | 5,759 | Impairment of fi xed-income securities classifi ed as available-for-sale is charged to “Provision for credit losses”. | 16 | annual_report |
RaiffeisenBankInternationalAG-AR_2015 | 2,662 | Raiffeisen SEE Region Holding GmbH, Vienna (AT) 35,000 EUR 100.0% FH | 11 | annual_report |
LloydsBankingGroupPLC-AR_2011 | 5,940 | Amendments to IFRS 7 Financial Instruments: Disclosures – ‘Disclosures-Offsetting Financial Assets and Financial Liabilities’ | 14 | annual_report |
SwissReAG-AR_2013 | 1,527 | Management contracts Swiss Re has not entered into any management contract with any third party. | 15 | annual_report |
152 | 197 | During fiscal 1994, the Company made the following acquisitions (the "1994 Acquisitions"): (i) Freedom Plan, Inc., a Santa Barbara, California-based HMO, with approximately 14,000 members in October 1993; (ii) California Dental Health Plan, Inc., a southern California-based dental HMO and its affiliate, Dental Plan Administrators, a third party administrator, in November 1993; (iii) Advantage Health Plans, Inc., a southern Florida-based HMO, with approximately 20,000 members in December 1993; (iv) Network Health Plan, Inc., a Washington- based health care service contractor, with approximately 28,000 members in February 1994; and (v) Pasteur Health Plans, Inc., a southern Florida-based HMO, with approximately 50,000 members in August 1994. The 1994 and the 1995 Acquisitions shall together be referred to herein as the "Acquisitions" and the companies acquired through the Acquisitions shall be referred to as the "Acquired Companies." | 134 | 10K |
3830 | 610 | At December 31, 2008, the Company had unrealized losses of $137.9 million in investments in available-for-sale fixed income and equity securities of which $22.5 million was attributed to fixed income securities and $115.4 million was attributed to equity securities. The majority of the gross unrealized losses in the fixed income portfolio are attributable to municipal securities, substantially all of which are fully insured by Berkshire Hathaway Assurance Corp. for the payment of interest and principal in the event of issuer default. Gross unrealized losses of $115.4 million in the equity portfolio are attributable to 14 securities in an unrealized loss position, 13 of which have been in a loss position for less than six consecutive months. The decline in the fair value of the fixed income and equity securities is primarily due to an increase in credit spreads and a decline in equity markets resulting from the continuing financial market disruption. With respect to securities that were not impaired, the Company has the ability and intent to hold these securities in an unrealized loss position for a period of time sufficient to allow a market recovery, or to maturity if necessary. | 191 | 10K |
NatwestGroupPLC-AR_2004 | 684 | Effective interest rate and lending fees – under UK GAAP, loan origination fees are recognised when receivable unless they are charged in lieu of interest. IFRS require origination fees to be deferred and recognised as an adjustment to the effective interest rate on the related financial asset. The effective interest rate is the rate that discounts estimated future cash flows over | 61 | annual_report |
4465 | 893 | The table below summarizes agents’ contribution to our commercial lines new business and net written premiums for the five states we entered since 2008. Net written premiums are earned over the term covered by insurance policies and are an important leading indicator of earned premium revenue trends. | 47 | 10K |
AegonNV-AR_2011 | 2,002 | There may be heightened oversight of insurers by regulatory authorities in the jurisdictions in which AEGON’s subsidiaries are domiciled and operate. AEGON cannot predict specific proposals that might be adopted, or what impact, if any, such proposals or, if enacted, such laws, could have on its business, results of operations, or financial condition. The European | 55 | annual_report |
157 | 1,214 | Deferred taxes relating to: Deferred policy acquisition costs (2,597) 4,848 7,622 Future policy benefits, claims and unearned premium reserves 2,154 (1,619) (323) Amortization of intangibles (705) (643) (884) Net operating loss for tax purposes (518) 118 199 Tax rate increase on prior year temporary differences - - 702 Other, net 614 (2,032) 309 | 53 | 10K |
PhoenixGroupHoldingsPLC-AR_2013 | 2,941 | Dec 13Nov 13Oct 13Sep 13Aug 13Jul 13Jun 13May 13Apr 13Mar 13Feb 13Jan 13 234 PHOENIX GROUP HOLDINGS ANNUAL REPORT AND ACCOUNTS 2013 | 22 | annual_report |
SwissReAG-AR_2015 | 2,846 | Deferred tax assets income accrued/deferred 291 295 technical provisions 620 685 Pension provisions 289 330 Benefit on loss carryforwards 3 980 3 467 currency translation adjustments 412 394 Unrealised gains in income 422 226 | 34 | annual_report |
5047 | 536 | than 12 months. These securities consist of common stock whose fair value is sensitive to movements in market interest rates. | 20 | 10K |
5878 | 1,323 | Net income (loss) per share, basic and diluted, for non-redeemable ordinary shares is calculated by dividing the net income (loss), adjusted for income or loss on marketable securities attributable to Class A ordinary shares subject to possible redemption, by the weighted average number of non-redeemable ordinary shares outstanding for the period. | 51 | 10K |
5098 | 1,580 | Net Written Premium. Net written premium increased $389.7 million, or 41.3%, to $1,333.7 million from $944.1 million for the years ended December 31, 2014 and 2013, respectively. The increase in net written premium resulted from an increase of gross written premium for the year ended December 31, 2014 compared to the year ended December 31, 2013, as well as a higher retention of business during 2014 compared to 2013. Our overall retention of gross written premium for the segment was 67.3% and 62.5% for the years ended December 31, 2014 and 2013, respectively, as certain new programs written during the year ended December 31, 2014 are not covered by the Maiden Quota Share. | 113 | 10K |
StorebrandASA-AR_2017 | 4,972 | Deloitte has consecutively been the Storebrand Group's external auditor in Norway for 13 years and Sweden for 10 years. Each and every company within the Storebrand Group have had the same auditor due to regulatory requirements, cf. the Financial Undertakings Act section 8-17, third paragraph, which states that a financial undertaking being part of a financial undertaking group structure shall have the same auditor as the parent company if exceptions are not set out by law. | 76 | annual_report |
gb_prudential-AR_2012 | 879 | As a provider of fi nancial services, including insurance, the management of risk lies at the heart of Prudential’s business. As a result, eff ective risk management capabilities represent a key source of competitive advantage for the Group. | 38 | annual_report |
3034 | 898 | We determined that, as of December 31, 2006, $650 of deferred tax assets did not satisfy the recognition criteria set forth in SFAS No. 109. Accordingly, a valuation allowance has been recorded for this amount. This valuation allowance primarily relates to the uncertainty of realizing certain state net operating loss carryforwards. In the future, if we determine that the realization of the net operating losses is more likely than not, the reversal of the related valuation allowance will reduce the provision for income taxes. | 84 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2010 | 1,996 | the major part of the discounted provisions in reinsurance are for us workers’ compensation business, for which the discount rates are governed by supervisory law and are determined prospectively per accident year. We currently do not expect any changes in the us regulatory authorities’ approval procedure. a sustained reduction in market interest rates is taken into account through conservative discount rate assumptions for future provisions for outstanding claims. if the discount rate were subsequently lowered by 100 Bp, this would necessitate additional reserving of €222m (227m), which would have to be recognised as an expense in the income statement. | 99 | annual_report |
PosteItalianeSpA-AR_2020 | 10,548 | S.p.A.'s Directors (pursuant to art. 2, Recommendation 7 of the Corporate Governance | 12 | annual_report |
GjensidigeForsikringASA-AR_2017 | 592 | – Authorisation to raise subordinated debt and other external financing limited to NOK 1.5 billion, and to trade in the bonds issued at all times under the Company’s subordinated bond issue and on the conditions stipulated by the Board. The authorisation was not used in 2017. The authorisation was considered as a separate item at the Company’s annual general meeting. | 60 | annual_report |
SwissReAG-AR_1978 | 178 | Zurich, 17th October, 1979 For the Board of Directors: M. E. Eisenring, Chairman | 13 | annual_report |
HelvetiaHoldingAG-AR_2004 | 127 | The Anglo-Saxon capital consolidation method is applied. Minority interests in shareholders’ equity and profit are disclosed separately in the balance sheet and the profit and loss account. | 27 | annual_report |
RSAInsuranceGroupPLC-AR_2019 | 2,571 | Items that may be reclassified to the income statement: Exchange losses net of tax on translation of foreign operations 21 (85) (13) | 22 | annual_report |
580 | 599 | AIGFP is also obligated under various notes maturing from 1997 through 2026. The majority of these notes are denominated in U.S. dollar, Japanese yen, and Danish kroner and bear interest at various interest rates. At December 31, 1996, these notes had a U.S. dollar carrying value of $666.1 million. | 49 | 10K |
4484 | 1,271 | Derivative Assets and Derivative Liabilities - Level 1 measurement includes assets and liabilities comprised of exchange-traded derivatives. Valuation is based on unadjusted quoted prices in active markets that are readily and regularly available. Level 2 measurement includes all types of derivative instruments utilized by the Company with the exception of exchange-traded derivatives. These derivatives are principally valued using an income approach. Valuations of interest rate contracts, non-option-based, are based on present value techniques, which utilize significant inputs that may include the swap yield curve, LIBOR basis curves, and repurchase rates. Valuations of foreign currency contracts, non-option-based, are based on present value techniques, which utilize significant inputs that may include the swap yield curve, LIBOR basis curves, currency spot rates, and cross currency basis curves. Valuations of credit contracts, non-option-based, are based on present value techniques, which utilize significant inputs that may include the swap yield curve, credit curves, and recovery rates. Valuations of equity market contracts, non-option-based, are based on present value techniques, which utilize significant inputs that may include the swap yield curve, spot equity index levels, and dividend yield curves. Valuations of equity market contracts, option-based, are based on option pricing models, which utilize significant inputs that may include the swap yield curve, spot equity index levels, dividend yield curves, and equity volatility. The Company does not currently have derivatives included in Level 3 measurement. | 227 | 10K |
AegonNV-AR_2016 | 1,029 | Capital of the highest quality, Common Equity Tier 1, forms a substantial part of the capital of a credit institution. Additional | 21 | annual_report |
4351 | 1,831 | As quantified in the table above, since the inception of the Company in 1993, while we have experienced adverse development from time to time, on a cumulative basis we have experienced $822.3 million of net favorable development on the run-off of our gross reserves within our catastrophe unit. This represents 16.6% of our initial estimated gross claims and claim expenses for accident years 2010 and prior of $5.0 billion and is calculated based on our estimates of claims and claim expense reserves as of December 31, 2011, compared to our initial estimates of ultimate claims and claim expenses, as of the end of each accident year. As described above, given the complexity in reserving for claims and claims expenses associated with catastrophe losses for property catastrophe excess of loss reinsurance contracts, we have experienced development, both favorable and unfavorable, in any given accident year. For example, our 2005 accident year developed favorably by $201.5 million, which is 13.7% better than our initial estimates of claims and claim expenses for the 2005 accident year as estimated as of December 31, 2005, while our 2004 accident year developed unfavorably by $53.4 million, or negative 7.0%. In addition, our 2007 and 2008 accident years have developed favorably by $107.6 million and $117.6 million, respectively, or 43.7% and 19.6%, respectively. On a net basis our cumulative favorable or unfavorable development is generally reduced by offsetting changes in our reinsurance recoverables, as well as changes to loss related premiums such as reinstatement premiums, and redeemable noncontrolling interest for changes in claims and claim expenses that impact DaVinciRe, all of which generally move in the opposite direction to changes in our ultimate claims and claim expenses. | 280 | 10K |
SwissReAG-AR_2007 | 31 | General information 217 Cautionary note on forward-looking statements 224 Managing Directors 228 Business contact information | 15 | annual_report |
SwissReAG-AR_2001 | 307 | So I was particularly happy to be able to discuss the artists themselves as well as artistic aspects during the exhibition at Swiss Re. | 24 | annual_report |
SwissLifeHoldingAG-AR_2019 | 697 | The key risk management elements are presented and discussed below. Additional statements on the risk management principles and procedures plus the risk budgeting process, asset liability management and the management of insurance risks (including mortality, disability and longevity) are included in Annex 5 of the consolidated financial statements. | 48 | annual_report |
3500 | 1,510 | The Company establishes loss and loss adjustment expense ("LAE") liabilities based on its estimate of specific and non-specific losses. LAE consists of the estimated cost of settling claims, including legal and other fees and expenses associated with administering the claims process. | 41 | 10K |
5902 | 732 | The Company’s goal is to ensure that its total reserves for property and casualty insurance losses and LAE are adequate to cover all costs, while sustaining minimal variation from the time reserves for losses and LAE are initially estimated until losses and LAE are fully paid. Changes in the Company’s estimates of these losses and LAE over time, also referred to as “development,” will occur and may be material. Favorable development is recognized and reported in the Consolidated Financial Statements when the Company decreases its previous estimate of ultimate losses and LAE and results in an increase in net income in the period recognized, whereas adverse development is recognized and reported in the Consolidated Financial Statements when the Company increases its previous estimate of ultimate losses and LAE and results in a decrease in net income. | 136 | 10K |
gb_prudential-AR_2009 | 900 | We fully recognise the value that a diverse workforce brings to our organisation and believe it should reflect the diversity of the markets in which we operate. It is Group policy to give full and fair consideration and encouragement to the employment of applicants with suitable aptitudes and abilities. It is also our policy to continue employing people who become disabled, and to provide training and career development opportunities to disabled employees. | 72 | annual_report |
RaiffeisenBankInternationalAG-AR_2016 | 3,092 | For credit risks related to loans and advances to customers and banks, provisions are formed in the amount of expected loss according to homogeneous Group-wide standards. Risk of loss is deemed to exist if the discounted projected repayment amounts and interest payments are below the carrying value of the loan – taking collateral into account. Portfolio-based impairments are calculated using valuation models that estimate expected future cash flows for the loans in the respective loan portfolio based on loss experience history. | 81 | annual_report |
2508 | 474 | The reconciliation of the federal statutory rate to the effective income tax rate on income from continuing operations for the years ended December 31, 2004, 2003 and 2002 is as follows: | 31 | 10K |
4435 | 1,117 | At December 31, 2011, the number of mortgage loans and recorded investment in troubled debt restructurings were as follows: | 19 | 10K |
4913 | 1,942 | $.4 million of expenses related to the amendment of the Senior Secured Credit Agreement; and | 15 | 10K |
SwissReAG-AR_1996 | 669 | In a d d itio n , the re are seven u n lim ite d g u a ra n te e s .lt is no t expected th a t any pay | 34 | annual_report |
AvivaPLC-AR_2018 | 1,346 | Strategic report Governance IFRS financial statements Other information inclusivity across the Group. This continues to be central to our values and critical to the success of our business. We welcomed the introduction of gender pay gap reporting last year and released our second GPGR in January 2019, along with details of actions we are taking to drive change and close the gender pay gap. The report can be found at www.aviva.com/gpgr. | 71 | annual_report |
2938 | 5,741 | Currently, PXRE does not have any backlog related to the processing of assumed reinsurance information. When a large loss occurs, the Company shifts personnel from various functions to assist the claims personnel in the processing and evaluation of claims data. | 40 | 10K |
5930 | 383 | For our U.S. primary mortgage operations, reported delinquencies were 4.19% at December 31, 2020, compared to 4.69% at September 30, 2020. Delinquencies continue to be better than our expectations at the beginning of the COVID-19 pandemic. However, delinquency rates remain at elevated levels, reflecting the impact of the recession and forbearance programs under the CARES Act (including any extensions) to borrowers experiencing a hardship during COVID-19. Forbearance allows for mortgage payments to be suspended for up to 18 months along with a suspension of foreclosures and evictions. See “Results of Operations-Mortgage Segment” for further details on our mortgage operations. | 99 | 10K |
2613 | 994 | reductions in work force by existing customers and/or reductions in benefits purchased by existing customers; and | 16 | 10K |
HannoverRueckSE-AR_2011 | 3,525 | ers’ equity of the subsidiary and the purchase price is recog | 11 | annual_report |
NatwestGroupPLC-AR_2011 | 569 | We are transforming how we handle customers’ claims. We have a new claims system which will help to capture and process enhanced information about the claim, enabling a more pro-active process of management and settlement for customers. This multi-million pound investment will take place over three years. Already, we are processing all Churchill home claims, and motor claims for Direct Line, Churchill and Privilege on the new system. | 68 | annual_report |
4191 | 3,020 | The reconciliation of the federal statutory tax rate to the effective income tax rate was as follows for the years ended December 31: | 23 | 10K |
5037 | 947 | Our Puerto Rico health plan began serving members effective April 1, 2015. Our South Carolina health plan began serving members under the state of South Carolina’s new full-risk Medicaid managed care program effective January 1, 2014. | 36 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2016 | 783 | Motor insurance had the biggest share in the market measured at gross written premium level. Motor own damage insurance accounted for 25.2% of the market, and for motor | 28 | annual_report |
RaiffeisenBankInternationalAG-AR_2020 | 520 | In addition to the management and governance of RBI AG, the members of the Management Board performed supervisory and managerial duties at the following material subsidiaries as supervisory board members in the 2020 financial year: SSuuppeerrvviissoorryy BBooaarrdd mmaannddaattee | 38 | annual_report |
NatwestGroupPLC-AR_2013 | 1,475 | Post balance sheet events Other than those matters detailed in Note 42 on the consolidated accounts, there have been no significant events between the year end and the date of approval of these accounts which would require a change to or disclosure in the accounts. | 45 | annual_report |
4450 | 1,019 | We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Mercury General Corporation’s internal control over financial reporting as of December 31, 2011, based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), and our report dated February 13, 2012 expressed an unqualified opinion on the effectiveness of the Company’s internal control over financial reporting. | 73 | 10K |
StandardLifeAberdeenPLC-AR_2008 | 926 | Notes to the EEV financial information continued 2.9 Analysis of covered business EEV PVIF and net worth movements (net of tax) continued | 22 | annual_report |
RaiffeisenBankInternationalAG-AR_2017 | 1,128 | The changes in equity of companies valued at equity relate mainly to UNIQA Insurance Group AG, Vienna. The companies valued at equity were incorporated within the framework of the merger of RZB AG into RBI AG. This relates to valuation changes in the available-for-sale securities portfolio and the revaluations of defined benefit plans. | 53 | annual_report |
5582 | 1,519 | Derivatives may be exchange-traded or they may be privately negotiated contracts, which are referred to as over-the-counter (“OTC”) derivatives. Certain of the Company’s OTC derivatives are cleared and settled through central clearing counterparties (“OTC cleared”) and others are bilateral contracts between two counterparties. The Company manages its credit risk related to OTC derivatives by entering into transactions with creditworthy counterparties, maintaining collateral arrangements and through | 65 | 10K |
5658 | 865 | The following is a discussion and analysis of our results of operations for the years ended December 31, 2018, 2017 and 2016 and our financial condition at December 31, 2018 and 2017. This should be read in conjunction with Item 8 'Consolidated Financial Statements and the accompanying notes' of this report. Tabular dollars are in thousands, except per share amounts. Amounts in tables may not reconcile due to rounding differences. | 70 | 10K |
fr_axa-AR_2013 | 3,912 | may adversely impact our capital requirements, profi tability, the fungibility of our capital, our ability to grow through acquisition and our overall competitive position” in Section 3.2 “Risk | 28 | annual_report |
HiscoxLtd-AR_2016 | 545 | Hiscox Bermuda also continues its active involvement in the YouthNet reading programme at Northlands Primary School and the Eliza Dolittle Society. | 21 | annual_report |
SwissReAG-AR_1995 | 123 | 22 March Swiss Re America reorganises in orderte better meet clients' needs. | 12 | annual_report |
DirectLineInsuranceGroupPLC-AR_2019 | 341 | Of which: direct own brands 2,227.8 2,228.9 Net earned premium 2,984.9 3,089.5 | 12 | annual_report |
NatwestGroupPLC-AR_2019 | 4,260 | On 29 July and 11 December 2019, two separate applications seeking opt-out collective proceedings orders were filed in the UK Competition Appeal Tribunal (‘the CAT’) against RBSG plc, NWM Plc and other banks. Both applications have been brought on behalf of persons who, between 18 December 2007 and 31 January 2013, entered into a relevant FX spot or outright forward transaction in the EEA with a relevant financial institution or on an electronic communications network. It is anticipated that the CAT will determine which of the two opt-out applications should be permitted to represent the class. | 96 | annual_report |
5527 | 928 | We experienced unfavorable reserve development of $82.7 million, $75.4 million and $32.6 million in 2018, 2017 and 2016, respectively, which is reported by accident year and line of business in the tables below. | 33 | 10K |
NatixisSA-AR_2016 | 10,038 | Subject to an emergency such as defined below and the case the meeting. Notices of meetings shall include the detailed agenda for the meeting. | 24 | annual_report |
PhoenixGroupHoldingsPLC-AR_2020 | 2,634 | • Share Incentive Plan (‘SIP’) – the Remuneration Committee has the facility to allow individuals to have the opportunity to purchase, out of their pre-tax salary, shares in the Company and receive up to two matching shares for every purchased share. Maximum saving is £150 each month (or up to such level as permitted by the Company in line with HMRC legislation). SIP also has the facility to allow for reinvestment of dividends in further shares, or the award of additional free shares (up to the limits as permitted by HMRC legislation). | 92 | annual_report |
5215 | 2,985 | The Company also has exposure to CRE CDOs with an amortized cost and fair value of $18 and $48, respectively, as of December 31, 2016, and $91 and $132, respectively, as of December 31, 2015. These securities are comprised of pools of commercial mortgage loans or equity positions of other CMBS securitizations. | 52 | 10K |
5537 | 820 | The following table shows cost and fair value information for equity securities: | 12 | 10K |
5891 | 585 | The potential impact of the loss reserve variability on net income can be illustrated using the range end points and carried reserve amounts listed above. For example, if ultimate losses reach a level corresponding to the high point of the range, $1,063.7 million, the reserve increase of $37.6 million corresponds to an after-tax decrease of $29.7 million in net income, assuming a tax rate of 21%. Likewise, should ultimate losses decline to a level corresponding to the low point of the range, $919.3 million, the $106.8 million reserve decrease would add $84.4 million of after-tax net income. The loss reserve range noted above represents a range of reasonably likely reserves, not a range of all possible reserves. Therefore, the ultimate losses could reach levels corresponding to reserve amounts outside the range provided. | 132 | 10K |
2796 | 7,482 | Derivative Instrument Embedded in Variable Annuity Products. We have certain variable annuity products with a GMWB feature that is an embedded derivative. The change in fair value of the embedded derivatives flows through net income through the benefits line in the Consolidated Statements of Income. | 45 | 10K |
2300 | 1,314 | The investee has announced, or the Company has become aware of, adverse changes or events such as changes or planned changes in senior management, restructurings, or a sale of assets; | 30 | 10K |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.