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HelvetiaHoldingAG-AR_2001 | 10 | Investments at market value (CHF million) 23 529.3 24087.7 - 2.3% | 11 | annual_report |
NatwestGroupPLC-AR_2014 | 4,848 | The contractual margin may be amended to bolster the customer’s dayto -day liquidity to help sustain its business as a going concern. This would normally be a short-term solution. As set out above, RBS would seek to obtain a return commensurate to the risk that it is required to take and this can be structured as set out above. | 59 | annual_report |
4963 | 1,647 | A&H Segment Results of Operations for the Year Ended December 31, 2014 Compared with the Year Ended December 31, 2013 | 20 | 10K |
1341 | 322 | The contractual maturities of investments at December 31, 1999 were as follows: | 12 | 10K |
5364 | 1,507 | prices for similar assets in active markets, quoted prices for identical assets in inactive markets and inputs that are observable but not prices (for example, interest rates and credit risks). We also review the methodologies and the assumptions used to calculate prices from these observable inputs. On a quarterly basis, we select a sample of our Level 2 debt securities’ prices and compare them to prices provided by a secondary source. Variances over a specified threshold are identified and reviewed to confirm the price provided by the primary source represents an appropriate estimate of fair value. In addition, our internal investment team consistently compares the prices obtained for select Level 2 debt securities to the team’s own independent estimates of fair value for those securities. We obtained one price for each of our Level 2 debt securities and did not adjust any of these prices at December 31, 2017 or 2016. | 151 | 10K |
NatwestGroupPLC-AR_2012 | 6,378 | United States 18,936 1,736 30,983 51,655 12,080 39,575 France 6,563 13,285 6,224 26,072 2,157 23,915 Germany 14,678 4,289 6,812 25,779 1,956 23,823 Netherlands 5,350 2,227 11,200 18,777 1,124 17,653 Japan 4,338 6,822 1,410 12,570 2,326 10,244 Spain 893 4,789 6,328 12,010 515 11,495 Republic of Ireland 217 3,557 3,071 6,845 59 6,786 Italy 3,767 373 1,165 5,305 2,301 3,004 | 59 | annual_report |
gb_prudential-AR_2017 | 4,569 | C Balance sheet notes continued ii Sensitivity to interest rate risk Except in the circumstances of interest rate scenarios where the guarantee rates included in contract terms are higher than crediting rates that can be supported from assets held to cover liabilities, the accounting measurement of fixed annuity liabilities of Jackson’s products is not generally sensitive to interest rate risk. This position derives from the nature of the products and the US GAAP basis of measurement. The GMWB features attached to variable annuity business (other than ‘for life’ components) are accounted for under US GAAP as embedded derivatives which are fair‑valued and, therefore, will be sensitive to changes in interest rates. | 111 | annual_report |
4882 | 1,537 | Ambac Assurance Corporation and The Segregated Account of Ambac Assurance Corporation v. EMC Mortgage LLC (formerly known as EMC Mortgage Corporation), J.P. Morgan Securities, Inc. (formerly known as Bear, Stearns & Co. Inc.), and JP Morgan Chase Bank, N.A. (Supreme Court of the State of New York, County of New York, filed March 30, 2012 and amended on August 14, 2012). Ambac Assurance alleges claims for fraudulent inducement and breaches of contract against EMC and J.P. Morgan Securities Inc., as well as claims against JP Morgan Chase Bank, N.A. as EMC’s successor in interest, arising from the defendants’ misrepresentations and breaches of contractual warranties regarding certain transactions that are not the subject of Ambac Assurance’s previously filed lawsuit against the same defendants (described above). Defendants filed a motion to dismiss the amended complaint on September 28, 2012, which Ambac Assurance opposed on October 26, 2012. Oral argument was held on February 21, 2013. On June 13, 2013, the court dismissed Ambac Assurance’s contractual claims but not its claims for fraudulent inducement or successor liability. Ambac Assurance appealed the trial court’s decision. On October 16, 2014, the Appellate Division for the First Department affirmed the trial court’s dismissal. In November 2014, Ambac Assurance filed for leave to re-argue, or in the alternative to appeal, the decision. Defendants opposed the motion. No decision has been issued. With respect to the claims that remain in the case, discovery is ongoing. | 237 | 10K |
3802 | 621 | We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Baldwin & Lyons, Inc. and subsidiaries internal control over financial reporting as of December 31, 2008, based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report dated March 16, 2009 expressed an unqualified opinion thereon. | 65 | 10K |
HannoverRueckSE-AR_2004 | 584 | The loss reserves in property and casualty reinsurance are determined by specially trained insurance actuaries at Hannover Re. Their calculations are also regularly checked by external actuaries and auditors. In addition to the losses reported to us by our clients, we establish additional reserves where necessary on the basis of our own claims investigations. Furthermore, we constitute a so-called IBNR (incurred but not reported ) reserve for claims that have probably already occurred but have not yet been reported to us. The latter, which are especially relevant in the liability lines, are calculated using recognised actuarial methods. The IBNR reserve established by the Hannover Re Group amounted to EUR 1,781.3 million in the year under review. It is calculated according to a breakdown into risk categories and regions. The anticipated ultimate loss ratios are determined in altogether 53 subsegments with the aid of statistical run-off triangles and actuarial methods. Asbestos- and pollution-related claims constitute a special issue in IBNR reserving. In this area years or sometimes even decades may elapse between causation of the loss and reporting of the claim. Hannover Re's exposure to asbestos-related claims and pollution damage is relatively slight. In view of the increased risks associated with these claims, we nevertheless maintained our reserves on a high level. The ratio of our additional reserves to the reported reserves increased by more than 20%. The relative level of these reserves is measured using the so-called "survival ratio". This ratio expresses how many years the reserves would cover if the average level of paid claims over the past three years were to continue. As at the end of the year under review our survival ratio stood at | 278 | annual_report |
3161 | 918 | The $2.2 million and $6.3 million increases, and $5.9 million reduction in 2006, 2005 and 2004 related to prior years, respectively, were due to re-estimations of ultimate loss rates from those established at the original notice of default, updated through the periods presented. These re-estimations of ultimate loss rates are the result of management’s periodic review of estimated claim amounts in light of actual claim amounts, loss development data or ultimate claim rates. The $2.2 million increase in prior years’ reserves during 2006 was due primarily to higher than estimated claim sizes on pending delinquencies, partially offset by a reduction in the incurred but not reported estimate. The $6.3 million increase in prior years’ reserves during 2005 was due primarily to an increase in the primary and pool claim rates, partially offset by a reduction in the incurred but not reported estimate. The $5.9 million reduction in prior years’ reserves during 2004 was due primarily to a reduction in the incurred but not reported estimate and to a lesser extent our reallocation of reserves between 2003 and 2002. | 178 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2019 | 315 | Source: NBP, Stability report, December 2018 on a personal account kept in ZUS. Monies transferred to a mutual fund will be private monies of the saving person (currently the assets accumulated in OFEs are public funds). | 36 | annual_report |
4903 | 1,490 | Our insurance subsidiaries and Donegal Mutual purchase certain third-party reinsurance on a combined basis. Le Mars, MICO, Peninsula and Sheboygan also have separate third-party reinsurance programs that provide certain coverage that is commensurate with their relative size and exposures. Our insurance subsidiaries use several different reinsurers, all of which, consistent with the requirements of our insurance subsidiaries and Donegal Mutual, have an A.M. Best rating of A- (Excellent) or better, or, with respect to foreign reinsurers, have a financial condition that, in the opinion of our management, is equivalent to a company with at least an A- rating from A.M. Best. The external reinsurance our insurance subsidiaries and Donegal Mutual purchase includes “excess of loss reinsurance,” under which their losses are automatically reinsured, through a series of contracts, over a set retention (generally $1.0 million), and “catastrophic reinsurance,” under which they recover, through a series of contracts, 100% of an accumulation of many losses resulting from a single event, including natural disasters, over a set retention (generally $5.0 million) and after exceeding an annual aggregate deductible ($1.5 million in 2014, $5.0 million in 2013 and $0 in 2012) up to aggregate losses of $149.0 million per occurrence. For property insurance, our insurance subsidiaries have excess of loss treaties that provided for coverage up to $5.0 million per loss. For liability insurance, our | 222 | 10K |
4509 | 1,424 | Acquisition costs relating to group worksite products, which typically have high front-end costs and are expected to remain in force for an extended period of time, consist primarily of first year commissions to brokers and costs of issuing new certificates. These acquisition costs are front-end loaded, thus they are deferred and amortized over the estimated terms of the underlying contracts. | 60 | 10K |
NatixisSA-AR_2010 | 7,765 | France, this dividend will be taken into account automatically by law to determine total gross income subject to the progressive income tax scale, and will be eligible for an allowance of 40% of the gross amount received (Article 158-3-2 of the French General Tax Code). However, this dividend may be subject, at the benefi ciary’s discretion, to an optional deduction at a fl at rate of 19% (Article 117 quater of the French General Tax Code). All of the Company’s shares are eligible for this tax treatment. | 87 | annual_report |
3558 | 1,242 | Unrecognized compensation expense related to nonvested share-based compensation granted under the stock option arrangement totaled $3.0 million as of December 31, 2007. This expense is expected to be recognized over a weighted-average period of 2.4 years. | 36 | 10K |
2611 | 1,205 | Wealth Management Segment. Offers individual annuities and mutual fund products and services. Individual annuities consist of fixed deferred annuities, fixed immediate annuities, single premium immediate annuities, and variable annuities. Mutual fund products and services primarily consist of open-end mutual funds closed-end funds, institutional advisory accounts and privately managed accounts. This segment distributes its products through distribution channels including insurance agents and brokers affiliated with the Company, securities brokerage firms, financial planners, pension plan sponsors, pension plan consultants and banks. | 79 | 10K |
4051 | 3,909 | Both ILFC and AGF have drawn the full amount available under their revolving credit facilities. | 15 | 10K |
2425 | 1,265 | The Company’s review of policyholders tendering claims for the first time has indicated that they are lower in severity. These policyholders generally present smaller exposures, have fewer sites and are lower tier defendants. Further, regulatory agencies are utilizing risk-based analysis and more efficient clean-up technologies. However, the Company has experienced an increase in the anticipated settlement amounts of certain matters as well as an increase in loss adjustment expenses. | 69 | 10K |
PosteItalianeSpA-AR_2018 | 18 | We believe that the integration of sustainability targets within the Group’s business processes is necessary in order to deliver sustainable performance over time, reduce the risk profile and act in line with the principles of integrity and transparency. For this reason, the sustainability strategy of the Poste Italiane Group, drawn up throughout the year, consists of elements that are in line with our business objectives. This means that they will help drive the Company’s success and further enhance the value of our distinctive competences. This strategy is backed up by a system of Sustainability Policies that now play a leading role in the group’s internal regulations, setting out general principles, future goals and operating processes in priority non-financial areas for the Company and for our stakeholders, such as integrity and transparency, human rights, occupational health and safety, corporate citizenship, the environment and the responsible management of financial assets. | 148 | annual_report |
AvivaPLC-AR_2020 | 1,632 | • Comprehensive reviews of drafts of the Annual Report and Accounts are undertaken by members of the Aviva Leadership team and other members of senior management and, in relation to certain parts of the report external legal advisers and the External Auditor | 42 | annual_report |
TrygAS-AR_2017 | 1,456 | a) Cost related to the issue of new shares are deducted in proceeds recognised in retained earnings with DKK 50.3m. | 20 | annual_report |
AvivaPLC-AR_2017 | 2,698 | In the Company's statement of financial position, subsidiaries and joint venture are reported at fair value estimated using applicable valuation models underpinned by the company's market capitalisation. | 27 | annual_report |
fr_axa-AR_2013 | 2,329 | The Lead Independent Director plays an important role in the preparation of the meetings of the Board and its Committees. | 20 | annual_report |
ScorSE-AR_2015 | 1,244 | 26th resolution (Delegation of authority granted to the Board of Directors in order to carry out an increase in share capital by the issuance of shares reserved to the members of savings plans (plans d’épargne), with cancellation of preferential subscription rights to the benefit of such members) | 47 | annual_report |
4631 | 13,065 | During 2009, WM Life Re entered into long term Japanese interest rate swaps, largely replacing its use of short term Japanese Government Bond (“JGB”) futures to hedge its discount rate exposure. By doing so, WM Life Re better matched the term structure of its discount rate exposure, substantially reduced its exposure to changes in Japanese interest rate swap spreads and significantly reduced the potential costs associated with rolling JGB futures contracts during times of relative market illiquidity. During December 2012, after the relevant Japanese interest rate swap rates fell to their lowest level in many years, the resulting potential benefit, net of cost, to WM Life Re of maintaining its Japanese interest rate swap hedge portfolio was deemed to be limited. Therefore, the decision was made to unwind or offset these Japanese interest rate swaps. During December 2012, approximately 24% of the notional amount of Japanese interest rate swap contracts was unwound and during January 2013 the remaining 76% was unwound or offset. As of December 31, 2012 and 2011, the notional amount of Japanese interest rate swaps was ¥153 billion ($1.8 billion) and ¥183 billion ($2.4 billion), respectively. | 189 | 10K |
gb_lloyds_banking_grp-AR_2015 | 5,702 | The Group announced on 30 June 2015 that all relevant regulatory clearances for the sale of its remaining 40.01 per cent holding in TSB had been received and that the sale was therefore unconditional in all respects; the proceeds were received on 10 July 2015. | 45 | annual_report |
PowszechnyZakladUbezpieczenSA-AR_2020 | 770 | Tower Inwestycje The company’s line of business is to invest available funds in: • real estate development initiatives, in particular in the construction of commercial properties; • investment activity. | 29 | annual_report |
5546 | 1,038 | Net investment income increased by 7.1% to $581.2 million in 2018 compared with investment income of $542.9 million in 2017. The increase was primarily due to higher income from our growing fixed maturity portfolio and an increase in limited partnership income, partially offset by lower dividend income from our equity portfolio. | 51 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007 | 3,113 | At €3m (–) minimum lease payments under finance leases at the balance sheet date were insignificant in scope. | 18 | annual_report |
5502 | 828 | Salary and benefits expense increased in 2017 as compared to 2016 as a result of an increase in salary and benefits of $3.3 million due to an increased number of employees related to our growth, an increase of $3.7 million related to expense recognized under our short-term incentive compensation program and other bonus programs as a result of the short-term incentive compensation program being paid out at a higher percentage of target than in 2016 and an increase of $0.8 million related to a deferred compensation liability that is based on the value of our common stock. These increases were partially offset by a decrease of $3.2 million in expenses related to a retirement agreement with our former executive chairman. | 120 | 10K |
2924 | 589 | In June 2004, the Company received a subpoena from the NYAG requesting documents and information relating to compensation arrangements between insurance brokers or intermediaries and the Company and its subsidiaries. The Company has received additional subpoenas or requests for additional information from the NYAG concerning its relations with insurance brokers. The NYAG has filed several lawsuits against brokers arising out of its investigation. Several insurers were cited in the complaints but not named as defendants - one such complaint cited the Company but did not name it as a defendant. The Company is cooperating with the NYAG’s investigations and inquiries. | 100 | 10K |
4756 | 3,446 | Mortgage insurers are not subject to the NAIC’s RBC requirements but certain states and other regulators impose another form of capital requirement on mortgage insurers requiring maintenance of a risk-to-capital ratio not to exceed 25:1. As of December 31, 2013, the risk-to-capital ratio of GEMICO, our primary U.S. mortgage insurance subsidiary, was 19.3:1, which was below the maximum risk-to-capital ratio of 25:1 established under North Carolina law and enforced by the North Carolina Department of Insurance (“NCDOI”), which is | 79 | 10K |
de_allianz-AR_2013 | 2,191 | Short-term investments and certificates of deposit 3,275 – 3,275 4,207 – 4,207 | 12 | annual_report |
5431 | 955 | As of December 31, 2017, the Company held municipal fixed maturity securities that include third party guarantees. Detailed below is a presentation by NRSRO rating of our municipal holdings by funding type. | 32 | 10K |
401 | 245 | Independent Auditors' Report. . . .. . . . . . . . . . . . . . . . .. . | 23 | 10K |
AdmiralGroupPLC-AR_2019 | 2,065 | Succession planning and talent management The Committee ensures plans are in place for orderly succession for appointments to the Board and reviews the succession plans for other senior management positions. Responsibility for making senior management appointments rests with the Chief Executive Officer. | 42 | annual_report |
5714 | 1,865 | Insurance companies face significant risks related to regulatory investigations and actions. Regulatory investigations generally result from matters related to sales or underwriting practices, payment of contingent or other sales commissions, claim payments and procedures, product design, product disclosure, additional premium charges for premiums paid on a periodic basis, denial or delay of benefits, charging excessive or impermissible fees on products, procedures related to canceling policies, changing the way cost of insurance charges are calculated for certain life insurance products or recommending unsuitable products to customers. We are, in the ordinary course of our business, subject to various examinations, inquiries and information requests from state, federal and other authorities. The ultimate outcome of these regulatory actions (including the costs of complying with information requests and policy reviews) cannot be predicted with certainty. In the event of an unfavorable outcome in one or more of these matters, the ultimate liability may be in excess of liabilities we have established and we could suffer significant reputational harm as a result of these matters, which could also have a material adverse effect on our business, financial condition, results of operations or cash flows. | 189 | 10K |
INGGroepNV-AR_2017 | 5,767 | The Share of participating interests reserve includes the following components: Reserve for non-distributable retained earnings of participating interests of EUR 2,527 million (2016: EUR 2,235 million), Revaluation reserve of participating interests of EUR 2,258 million (2016: EUR 3,917 million) and Net defined benefit asset/liability remeasurement reserve of EUR –400 million (2016: EUR –371 million). | 54 | annual_report |
404 | 505 | thus potentially increasing the loss ratio on older business. Substantial increases in production of new business during these periods can offset the increased loss ratio on the older business. | 29 | 10K |
gb_prudential-AR_2017 | 1,183 | We establish long‑term relationships with our charity partners to ensure that the projects we support are sustainable, and we work closely with them to ensure that our programmes continuously improve. In addition, we believe it is important to make a contribution to delivering the United Nation’s Sustainable Development Goals and we are supportive of those priorities. | 56 | annual_report |
AegonNV-AR_2019 | 8,475 | Competition The US marketplace is highly competitive. Aegon USA's competitors include other large insurance carriers, in addition to certain banks, securities brokerage firms, investment advisors, and other financial intermediaries marketing insurance products, annuities and mutual funds. | 36 | annual_report |
3673 | 772 | Personnel costs include base salaries, commissions, benefits and bonuses paid to employees, and are one of our most significant operating expenses. Personnel costs totaled $1,253.6 million, $1,594.5 million, and $1,789.8 million for the years ended December 31, 2008, 2007, and 2006, respectively. The decreases in each case resulted from decreases in the number of personnel implemented in response to the decline in order volumes and from decreases in average annualized personnel costs per employee. Personnel costs, as a percentage of direct title insurance premiums and escrow, title-related and other fees, were 57.6% in 2008, 60.5% in 2007, and 59.8% in 2006. Average employee count decreased to 13,957 in 2008, excluding the impact of the LFG Underwriters, from 16,416 in 2007 and 18,352 in 2006. | 124 | 10K |
NatixisSA-AR_2014 | 1,115 | V Chairman of Fondation d’Entreprise Groupe M6 V Member of the Board of the Football Club des Girondins de Bordeaux V Member of the Supervisory Board of Ediradio S.A. (RTL/RTL2/FUN RADIO) V Permanent Representative of M6 Publicité, member of the Board of Directors of: Home Shopping Service S.A., M6 Diffusion S.A. | 51 | annual_report |
5797 | 1,927 | Since the formation of WICE, we have grown our European motor insurance business. Gross premiums written generated by WICE for the years ended December 31, 2019, 2018 and 2017 were $215.0 million, $181.7 million and $115.5 million, respectively. The majority of such premiums relate to European motor insurance. | 48 | 10K |
Sampoplc-AR_2005 | 489 | Life insurance + premiums written before reinsurers’ share + net income from investments + other income | 16 | annual_report |
1650 | 431 | On May 30, 2001, we signed a definitive agreement with Blue Cross and Blue Shield of Kansas, or BCBS-KS, pursuant to which BCBS-KS would become a wholly owned subsidiary. Under the proposed transaction, BCBS-KS would demutualize and convert to a stock insurance company. The agreement calls for us to pay $190.0 million in exchange for all of the shares of BCBS-KS. On February 11, 2002, the Kansas Insurance Commissioner disapproved the proposed transaction, which had been previously approved by the BCBS-KS policyholders in January 2002. On February 19, 2002, the board of directors of BCBS-KS voted unanimously to appeal the Kansas Insurance Commissioner's decision and BCBS-KS will seek to have the decision overturned in Shawnee County District Court. We will join BCBS-KS in the appeal. | 125 | 10K |
5519 | 508 | The most significant assumptions that are involved in the estimation of annuity gross profits include interest rate spreads, future financial market performance, business surrender/lapse rates, expenses and the impact of net investment gains (losses). For the variable deposit portion of Retirement, the Company amortizes DAC utilizing a future financial market performance assumption of an 8.0% reversion to the mean approach with a 200 basis point corridor around the mean during the reversion period, representing a cap and a floor on the Company's long-term assumption. The Company's practice with regard to future financial market performance assumes that long-term appreciation in the financial markets is not changed by short-term market fluctuations, but is only changed when sustained annual deviations are experienced. The Company monitors these fluctuations and only changes the assumption when the long-term expectation changes. The potential effect of an increase/(decrease) by 100 basis points in the assumed future rate of return is reasonably likely to result in an estimated decrease/(increase) in DAC amortization expense of approximately $2.0 million. Although this evaluation reflects likely outcomes, it is possible an actual outcome may fall below or above these estimates. At December 31, 2018, the ratio of DAC to the total annuity accumulated cash value was 3.1%. | 204 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2017 | 381 | Defined benefit plan Present value Provisions of defined for Financial Defined benefit as at personnel Name year benefit1 31 December expenses2 | 21 | annual_report |
PosteItalianeSpA-AR_2018 | 1,853 | “Dillo a Poste Italiane” (Tell Poste Italiane about it) - customers and employees, two sides of the same coin bearing witness to the customer-centric innovation path the Company has embarked on | 31 | annual_report |
4513 | 1,330 | (6) Represents BOLI, traditional insurance, and Group health and life reported claim liabilities. | 13 | 10K |
619 | 791 | Premiums and contract charges: Life and annuities $ 116,167 $ 2,185 $ 113,982 Accident and health 5,846 864 4,982 ----------- ----------- ----------- $ 122,013 $ 3,049 $ 118,964 =========== =========== =========== | 31 | 10K |
ch_zurich_insurance_group-AR_2013 | 3,376 | f) Asset and liability data The majority of the Group’s embedded value has been calculated using a “hard close” approach, such that all asset and liability data reflect the actual position as of the valuation date. | 36 | annual_report |
69 | 259 | The Consolidated Financial Statements of the Corporation and notes to such financial statements on pages 36 through 59 of the Annual Report to Shareholders for 1994 are incorporated herein by reference. | 31 | 10K |
de_allianz-AR_2012 | 3,731 | The period in which a retirement pension can be drawn is usually between age 60 and age 67. Disability benefits are granted prior to retirement in the event of an occurrence of a qualifying disability. | 35 | annual_report |
2156 | 731 | The Company leases approximately 65,489 square feet of office and covered garage space from an affiliated company. During the years ended December 31, 2003, 2002, and 2001, the Company paid $1,000, $987 and $961, respectively, under the leases. | 38 | 10K |
AdmiralGroupPLC-AR_2019 | 1,401 | The following section seeks to provide colour on some activities that we undertake, as a responsible business that considers key stakeholders; Our Customers, our People, our Communities, our Shareholders, our External Partners and our Environment.2 | 35 | annual_report |
1819 | 403 | Claims and surrenders decreased 3.9% from $30,370,996 in 2000 to $29,189,132 in 2001. In 1999 claims and surrenders were $34,747,480. Decline on claims in accident and health benefits attributable to the respective blocks of business of NSLIC and USLIC were responsible for the 2000 decrease. The decline in claims on these blocks as a result of the above discussed cancellation of a large block of business in 1999 and 2000 contributed to the 2001 improvement. | 75 | 10K |
1001 | 307 | NOTE 7 - UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES - - --------------------------------------------------- The following table provides an analysis of the rollforward of Crusader's losses and loss adjustment expenses, including a reconciliation of the ending balance sheet liability for the periods indicated: | 41 | 10K |
1881 | 707 | EQUITY SECURITIES The Company's equity securities portfolio was $183 million at December 31, 2002 compared to $201 million in 2001. The decrease is attributable to general market declines and disposition of selected securities during the year. Losses are recognized for declines in the value of equity securities that are deemed other than temporary, and included in realized capital gains and losses. | 61 | 10K |
AegonNV-AR_2016 | 188 | Borrowings including subordinated and trust pass-through securities 14,076 13,361 15,049 12,009 13,416 1 Amounts have been restated to reflect the voluntary changes in accounting policies for deferred cost of reinsurance that was adopted by Aegon effective | 36 | annual_report |
NatixisSA-AR_2011 | 8,335 | Subcontractors and suppliers ● The importance of sub-contracting and the social and environmental responsibilities in relation to service providers and sub-contractors Art. 148–2 9 HR1, HR2 48 | 27 | annual_report |
5194 | 561 | New Accounting Guidance- In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU 2014-09, Revenue from Contracts with Customers. ASU 2014-09 amends the accounting for revenue recognition. Insurance contracts are not included in the scope of this new guidance. The effective date of ASU 2014-09 is for annual reporting periods beginning after December 15, 2017. While we expect revenue related to our self-insured dental business to remain primarily unchanged, we are still evaluating the impact of the new guidance on the customer arrangements for this business. Accordingly, management continues to evaluate the impact of the new standard on the Company’s results of operations, financial condition and cash flows. | 109 | 10K |
NatwestGroupPLC-AR_2011 | 449 | We took a number of steps to prepare Wealth for the future. | 12 | annual_report |
2425 | 1,991 | The following unaudited pro forma information presents the combined results of operations of TPC and SPC for the twelve months ended December 31, 2004 and 2003, respectively, with pro forma purchase accounting adjustments as if the acquisition had been consummated as of the beginning of the periods presented. This pro forma information is not necessarily indicative of what would have occurred had the acquisition and related transactions been made on the dates indicated, or of future results of the Company. | 80 | 10K |
AegonNV-AR_2018 | 6,016 | On June 28, 2017, Aegon completed its transaction to divest its two largest run-off businesses in the Americas, the payout annuity business and Bank Owned Life Insurance/Corporate Owned Life Insurance business (BOLI/COLI). Under the terms of the agreement, Aegon’s Transamerica life subsidiaries has reinsured USD 14 billion of liabilities. The transaction resulted in a book gain of USD 250 million (EUR 231 million), reported in the line other income in the condensed consolidated income statement. | 75 | annual_report |
3348 | 522 | On May 31, 2007, Regan Holding and two of its subsidiaries, Legacy Financial and Legacy Advisory Services Inc., entered into an agreement with Multi-Financial Securities Corporation whereby Legacy Financial Services transferred its registered representatives and customer accounts to Multi-Financial Securities Corporation. Under the agreement, on September 28, 2007, Multi-Financial Securities Corporation paid Legacy Financial Services $1 million (11.5%) of the aggregate gross dealer concessions earned at Legacy Financial Services between May 1, 2006, and April 30, 2007, by those transferred representatives who were, as of the measurement date (as defined in the agreement), registered with Multi-Financial Securities Corporation and in good standing with the FINRA . In addition, on each of the first four anniversary dates of the measurement date, subject to certain conditions, Multi-Financial Securities Corporation is obligated to pay Legacy Financial Services an amount representing up to four and a half percent (4.5%) of each transferred representative’s aggregate gross dealer concessions earned with Multi-Financial Securities Corporation during the one year period prior to such anniversary date. | 168 | 10K |
gb_prudential-AR_2016 | 2,688 | Other comprehensive income: Items that may be reclassified subsequently to profit or loss Exchange movements on foreign operations and net investment hedges: Exchange movements arising during the year A1 1,148 68 Cumulative exchange loss of sold Japan life business recycled through profit or loss – 46 Related tax 13 4 | 50 | annual_report |
4178 | 1,161 | longer term trends in asset returns emerge or long term target asset allocations are revised. Other material assumptions include rates of participant mortality, the expected long-term rate of compensation and pension increases and rates of employee termination. | 37 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2014 | 1,589 | The total concentration risk is measured as the sum of concentration risks of individual entities. In the case of related related, concentration risk is specified for all related entities cumulatively. | 30 | annual_report |
ASRNederlandNV-AR_2019 | 1,401 | As part of the transition to KPMG as the auditor, with effect from 1 January 2020, KPMG have attended the A&RC and the relevant SB meetings since November 2019. | 29 | annual_report |
2208 | 790 | Prior to the fourth quarter of 2002, we distributed our annuity products primarily through three distribution channels: (1) “Agency”, which consisted of our former career agency force; (2) “Select”, which consisted of a network of third party broker/dealers; and (3) “Partners”, which included distributors of the mutual funds advised by Scudder Investments, Pioneer Investment Management, Inc. and Delaware Management Company. | 60 | 10K |
ch_zurich_insurance_group-AR_2010 | 1,713 | Collateralized loans 1,102 – – 1,102 Deferred tax liabilities 4,464 (20) – 4,445 Debt related to capital markets 839 – (814) 25 Senior and subordinated debt 11,444 – – 11,444 | 30 | annual_report |
PosteItalianeSpA-AR_2019 | 2,656 | In a nutshell, this new operating model, characterised by a change in delivery frequency, leads to a reduction in the number of kilometres travelled for traditional delivery activities and less need for vehicles. | 33 | annual_report |
5852 | 846 | •services the Company receives pursuant to a contract with a third-party service provider, which the Company then provides to AXA or its subsidiaries (excluding the Company) on a pass-through basis; | 30 | 10K |
140 | 226 | Income (Loss) before income taxes $ (0.19 $ (1.07) $ (0.18) $ 0.12 $ 0.32 | 15 | 10K |
NatixisSA-AR_2019 | 1,995 | Ban on hedging The Chief Executive Officer is prohibited from using hedging or insurance strategies, both during the vesting period of components of deferred variable compensation and during the lock-up period. | 31 | annual_report |
2630 | 357 | Unconsolidated real estate partnerships are valued at the Partnership's equity in net assets as reflected in the partnership's financial statements with properties valued as described above. | 26 | 10K |
NNGroupNV-AR_2013 | 84 | 2013 was a year of major transition for the insurance and investment management operations in the Netherlands. As announced in November 2012, the transformation programme in the Netherlands is expected to result in an estimated headcount reduction of 1,350 FTEs over the period 2013-2014. By the end of 2013, a reduction of 818 FTE was realised. The restructuring has resulted in stronger governance and better integrated support functions and three distinct Dutch business lines: Netherlands Life, Netherlands Non-life and NationaleNederlanden Bank. Supporting employees through this transition was a key priority for the company. | 93 | annual_report |
gb_prudential-AR_2017 | 1,254 | SEED’s board in May, I have learned much about functions outside my main areas of expertise and I hope to continue to be challenged outside my comfort zone’, said Melissa. ‘I am thrilled to be able to assist SEED by leveraging my corporate experience, largely around | 46 | annual_report |
SwissReAG-AR_1994 | 363 | 1994 1993 in millions of Swiss francs Total % % Total % % Gross premiums by country Europe 59.0 55.6 | 20 | annual_report |
HiscoxLtd-AR_2010 | 563 | Hiscox is dedicated to providing its customers with risk management advice to prevent distressing losses such as burglary and fire in the home. The Hiscox philosophy is that insurance is a promise to pay, so should a loss occur, it aims to fully support its customers and to pay their claims as soon as is possible. | 56 | annual_report |
5555 | 1,929 | In addition to pension benefits, PLC provides limited healthcare benefits to eligible retired employees until age 65. This postretirement benefit is provided by an unfunded plan. As of December 31, 2018 and 2017, the accumulated postretirement benefit obligation and projected benefit obligation were immaterial. | 44 | 10K |
3964 | 1,025 | On a pro forma basis, net realized capital losses and OTTI were $7,749,000 for the year ended December 31, 2008 compared to a loss of $5,130,000 for the year ended December 31, 2007. The increase in losses for the current year is primarily due to larger “other than temporary” impairment charges in our investment in Alt-A collateralized mortgage-backed securities of $5,819,000 in 2008 as compared to $4,566,000 in 2007, resulting from fair market value declines. In addition, we incurred additional “other than temporary” charges in 2008 on two other non-agency CMO securities in the amount of $1,070,000 for CMO securities as noted above. | 103 | 10K |
NatwestGroupPLC-AR_2012 | 5,627 | Impairment testing involves the comparison of the carrying value of a CGU or group of CGUs with its recoverable amount. The recoverable amount is the higher of the unit's fair value and its value in use. Value in use is the present value of expected future cash flows from the CGU or group of CGUs. Fair value is the amount obtainable from the sale of the CGU in an arm's length transaction between knowledgeable, willing parties. | 76 | annual_report |
PosteItalianeSpA-AR_2020 | 4,835 | In the case of contracts for separately managed accounts with discretionary participation features88 (DPF, as defined in Appendix A of IFRS 4), IFRS 4 makes reference, as illustrated above, to national GAAP. The contracts are classified as “financial ”, but accounted for as “insurance” as follows: z premiums, changes in technical provisions and other claim expenses are recognised in the same way as the insurance contracts described above; z unrealised gains and losses attributable to policyholders are assigned to them and recognised in technical provisions (deferred liabilities payable to policyholders) under the shadow accounting method (IFRS 4.30). | 97 | annual_report |
5439 | 1,393 | In 2009, the GSEs began offering HARP loans, which allow a borrower who is not delinquent to refinance a mortgage if the borrower has been unable to take advantage of lower interest rates because the borrower’s home has decreased in value. Refinancings under the HARP programs have had a positive impact on the overall credit quality and composition of our mortgage insurance portfolio because the refinancing generally results in terms under which a borrower has a greater ability to pay and more financial flexibility to cover the loan obligations. We exclude HARP loans from our NIW for the period in which the refinance occurs. During 2017, new HARP loans accounted for $79.6 million of newly refinanced loans that were not included in Radian Guaranty’s NIW for the period, compared to $202.9 million for 2016. The HARP deadline for refinancing has been extended to December 31, 2018. See “Item 1. Business-Regulation-Federal Regulation-Homeowner Assistance Programs” for more information. | 156 | 10K |
4851 | 3,680 | The utilization rate assumption estimates the percentage of contracts that will utilize the benefit during the contract duration, and begin lifetime withdrawals at various time intervals from contract inception. The remaining contractholders are assumed to either begin lifetime withdrawals immediately or never utilize the benefit. These assumptions vary based on the product type, the age of the contractholder and the age of the contract. The impact of changes in these assumptions is highly dependent on the contract type and age of the contractholder at the time of the sale and the timing of the first lifetime income withdrawal. | 98 | 10K |
4867 | 1,369 | Single pay life annualized new business premiums, which include 10% of excess (unscheduled) premiums, represented approximately 10%, 33% and 32% of Universal Life annualized new business premiums for the years ended December 31, 2014, 2013 and 2012, respectively. | 38 | 10K |
ch_zurich_insurance_group-AR_2018 | 309 | The Group's consistent and conservatively managed balance sheet is based on disciplined risk management and producing stable cash flows. A key element of the capital management strategy is to maximize capital fungibility by pooling risk, capital and liquidity centrally as much as possible. Zurich’s investment portfolio is generally conservative with an asset allocation comprising mainly publicly traded fixed income securities, with moderate investments in other asset classes. | 67 | annual_report |
5705 | 2,772 | Annuity benefits accumulated also includes amounts advanced from the Federal Home Loan Bank of Cincinnati. | 15 | 10K |
NatwestGroupPLC-AR_2017 | 3,487 | Risk mitigation Information is communicated to each customer-facing business and function about regulatory developments and discussions with regulators. This helps identify and execute any required changes to strategy or to business models. | 32 | annual_report |
4629 | 1,879 | “In Use/Outstanding” data represent December 31, 2012 accreted values. “Payments Due by Period” data represents ultimate redemption values. | 18 | 10K |
NatwestGroupPLC-AR_2010 | 3,345 | Kari Hale (Senior Statutory Auditor) for and on behalf of Deloitte LLP Chartered Accountants and Statutory Auditor London, United Kingdom 23 February 2011 267RBS Group 2010 | 26 | annual_report |
SwissReAG-AR_2014 | 366 | Business Units at a glance swiss Re is a leader in wholesale reinsurance, insurance and risk transfer solutions. Our clients include insurance companies, corporations, the public sector and policyholders. | 29 | annual_report |
3781 | 1,334 | For further detail on our long term debt principal and interest payments, see Note 13 to our consolidated financial statements included in this Annual Report on Form 10-K. For further detail on our operating lease payments, see Note 16 to our consolidated financial statements included in this Annual Report on Form 10-K. For further detail on our employee benefit plans, see Note 19 to our consolidated statements in this Annual Report on Form 10-K. | 74 | 10K |
SwissReAG-AR_2014 | 1,684 | Independence At least once a year, the external auditor provides a formal written statement delineating all relationships with the company that might affect its independence. Any disclosed relationships or services that might bear on the external auditor’s objectivity and independence are reviewed by the Audit Committee, which then recommends appropriate action to be taken by the Board. | 57 | annual_report |
3478 | 1,124 | Torchmark has net operating loss carryforwards of approximately $30.0 million at December 31, 2007 of which $4.3 million expire in 2020; $4.7 million expire in 2021; $10.8 million expire in 2025; $.2 million expire in 2026; and $9.9 million expire in 2027. A valuation allowance is to be provided when it is more likely than not that deferred tax assets will not be realized by the Company. No valuation allowance has been recorded relating to Torchmark’s deferred tax assets since, in management’s judgment, Torchmark will more likely than not have sufficient taxable income in future periods to fully realize its existing deferred tax assets. | 104 | 10K |
AdmiralGroupPLC-AR_2009 | 593 | Keith was appointed a Non-Executive Director in December 2002. He is Chairman of the Nominations | 15 | annual_report |
5127 | 457 | Our results of operations for 2015 were principally affected by the factors referred to below. | 15 | 10K |
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