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
gb_prudential-AR_2005
1,187
Compliance and Group Security. In addition, the Committee also received presentations from some of the business unit chief executives.
19
annual_report
3243
1,728
Based on management’s analysis and comparison of its current and future cash inflows from the dividends it receives from subsidiaries, including Metropolitan Life, that are permitted to be paid without prior insurance regulatory approval, its portfolio of liquid assets, anticipated securities issuances and other antici...
88
10K
1222
612
HCCL is limited by the State of Indiana in the amount of dividends it may pay in any twelve month period, without prior regulatory approval, to the greater of net gain from operations for the prior calendar
37
10K
AdmiralGroupPLC-AR_2012
783
Key Principles of Admiral Remuneration Arrangements The Group is committed to the primary objective of maximising shareholder value over time and ensuring that there is a strong link between performance and reward. This is reflected in the Group’s stated remuneration policy of paying competitive, performance-linked and...
95
annual_report
PosteItalianeSpA-AR_2015
945
Model allows the identified risks to be classified in uniform categories applied throughout the Group, in line with the relevant best practices and, where applicable, specific regulatory requirements. The Risk Model provides a continuous point of reference for the management, control and integrated reporting of risks. ...
87
annual_report
2223
525
In 2003, significant non-cash investing and financing activities include the acquisition of real estate through foreclosures of mortgage loans amounting to $129 million. In 2002, these activities include the contribution of $2,225 million of Citigroup YYY Preferred Stock and related deferred tax liability of $779 milli...
93
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2018
739
Organisational structure Munich Re has set up a governance system as required under Solvency II. The main elements of this system are the risk management, compliance, audit and actuarial functions. At Group level, risk management is part of the Integrated Risk Management division (IRM) and reports to the Chief Risk Off...
76
annual_report
1825
456
The Company's quarterly and annual revenues and other operating results have been and will continue to be affected by a wide variety of factors that could have a material adverse effect on the Company's financial performance during any particular quarter or year. Such factors include, but are not limited to those refer...
183
10K
2611
1,282
(1) VOBA existing prior to the merger with Manulife related to the acquisition of the fixed universal life insurance business of Allmerica was adjusted to reflect adjustments to the purchase equation. (2) Other adjustments to the Canadian segment included $ (2.6) million amortization expense for the period, $ 4.8 milli...
84
10K
AegonNV-AR_2019
1,962
Ageas, RSA Insurance Group, Swiss Life Holding and Talanx were added to the European Insurance peer group, while Old Mutual and Standard Life Aberdeen were removed. The peer group size increased from 14 to 16 in order to create a more balanced selection around Aegon’s size data. In the Dutch General Industry reference ...
62
annual_report
3051
1,387
are required to make quarterly fixed rate payments calculated on a notional amount of $20.0 million, non-amortizing, based on a fixed annual interest rate of 8.34%. The counterparty is obligated to make quarterly floating rate payments to us, referencing the same notional amount, based on the three-month LIBOR, plus 3....
50
10K
AegonNV-AR_2004
3,152
The following is a summary of differences between Dutch accounting principles and US GAAP which have an impact on reported shareholders’ equity or net income.
25
annual_report
gb_lloyds_banking_grp-AR_2014
4,693
Weighted‑average rate of increase for pensions in payment 2.59 2.80 2014 Years 2013 Years
14
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008
1,735
The upheavals on the international financial markets resulting from the financial crisis already led to setbacks in the most significant economies in 2008, with the related rise in insolvency rates leading to higher claims costs in credit reinsurance. A further increase is to be expected in the course of 2009, particul...
84
annual_report
SwissLifeHoldingAG-AR_2004
46
We are prepared for the coming challenges. We are optimistic that we are on our way to making further progress in 2005. We intend to grow at least 1% over the market average in each country where we operate. The basis for our success is an even greater focus on our customers’ needs and satisfaction. We intend to improv...
82
annual_report
2875
454
Also impacting this segment’s growth is the fact that many nonstandard auto insurers have chosen to reduce rates, some substantially, in an effort to compete for market share. In addition, with the increased utilization and refinement of multi-variant rate models by many competitors, the definition of a nonstandard ris...
101
10K
AvivaPLC-AR_2019
1,403
• Monitored compliance with our External Auditor Business Standard on a quarterly basis
13
annual_report
3305
1,927
Our combined allowance for doubtful accounts and allowance for charity care on a consolidated basis covered 93.4% and 91.4% of self-pay accounts receivable as of June 30, 2006 and 2007, respectively. Our combined allowance for doubtful accounts and allowance for charity care from continuing operations covered 93.2% and...
66
10K
PowszechnyZakladUbezpieczenSA-AR_2016
3,297
Share in net profit (loss) of entities measured using the equity method (3) 4 (2) 1 -
17
annual_report
ScorSE-AR_2015
3,588
Due to the unavailability of data for the full year on some of the locations included in to the environmental report, extrapolation has been done via on an estimate of the consumption missing data. Moreover, depending on the share of the surface area occupied, the information collected entails different parameters, in ...
125
annual_report
4761
477
To calculate the State Auto Group’s December 31, 2013 benefit obligation for each of the benefit plans, we used a discount rate of 4.85% based on an evaluation of the expected future benefit cash flows of our benefit plans used in conjunction with the Citigroup Pension Discount Curve at the measurement date. A lower di...
110
10K
RSAInsuranceGroupPLC-AR_2015
2,665
Exchange (losses)/gains net of tax (26) (1) - (27) (112) - (139) 2 (137)
14
annual_report
HelvetiaHoldingAG-AR_2013
2,064
The Board of Directors of Helvetia Holding AG and the Group Executive Management are the supreme risk owners of Helvetia Group. The Board of Directors of Helvetia Hold­ ing AG is responsible for establishing and maintaining appropriate internal controls and the risk management organisation of Helvetia Group. It is the ...
92
annual_report
PosteItalianeSpA-AR_2016
5,514
Financial assets at FV through profit or loss – – – – – –
14
annual_report
TopdanmarkAS-AR_2013
1,068
Executive Board Number of shares 306,350 173,430 Bonds, nominal value DKK '000 1,364 1,146
14
annual_report
5575
1,452
All long-term notes receivable may be called for prepayment prior to the respective maturity dates under specified circumstances.
18
10K
2106
570
•Under SFAS No. 133, the annual crediting liabilities on our equity index annuities are treated as a "series of embedded derivatives" over the life of the applicable contracts. We are required to estimate the fair value of these embedded derivatives. Our estimates of the fair value of these embedded derivatives are bas...
174
10K
4416
1,606
The following table reflects a summary of obligations and commitments outstanding, including both the principal and interest portions of long-term debt, with payment dates as of June 30, 2011.
29
10K
BeazleyPLC-AR_2019
604
(a Minsky moment), ensuing from rapid global action and policies, and materialising over the medium-term business planning horizon that results in achieving a temperature increase being kept below 2 degrees celsius (relative to pre-industrial levels) but only following a disorderly transition.
41
annual_report
ASRNederlandNV-AR_2010
876
3. Fair value not based on observable market data At Level 3, the fair value of the assets and liabilities is determined in full or in part using a valuation technique based on unobservable market inputs. In these situations, there are marginally active or inactive markets for the assets or the liabilities. The financi...
107
annual_report
4591
1,207
The pending proceedings and other matters described in this Note 15 on Claims, Lawsuits and Other Contingencies may expose the Company or its subsidiaries to liability for significant monetary damages and other forms of relief. Where a loss is both probable and reasonably estimable, we establish liabilities in accordan...
148
10K
HelvetiaHoldingAG-AR_2006
557
Gross premiums in 2006 from direct non-life business in Italy in EUR million
13
annual_report
4285
1,775
American Specialty and Endurance Risk Solutions, the parent company or companies must also meet their own dividend eligibility requirements in order to pass along any dividends received from subsidiary insurance companies. At December 31, 2010, ARMtech (with notice to the Texas Department of Insurance) could pay divide...
58
10K
2826
1,232
2004 to 2003 Annual Comparison. Benefits and expenses of the segment’s individual life insurance business increased $190 million, from $1.493 billion in 2003 to $1.683 billion in 2004. The increase reflects a $175 million increase in operating expenses, including costs related to the distribution of property and casual...
136
10K
5407
486
The Company carries a net deferred income tax asset of $70 and $420 at December 31, 2017 and 2016, respectively, all of which the Company believes is more likely than not to be fully realized based upon management’s assessment of future taxable income.
43
10K
de_allianz-AR_2007
890
Interest expense � 62.9 mn 5.375 % bond issued by Allianz Finance II B. V., Amsterdam Volume � 0.8 bn Year of issue 2006 Maturity date Perpetual Bond ISIN DE000A0GNPZ3 Interest expense � 46.0 mn Total interest expense for subordinated bonds � 407.1 mn 3. Exchangeable bonds 0.75 % Basket Index Tracking Equity Linked Sec...
65
annual_report
SwissReAG-AR_1987
606
Policy reserve: Reserve fund needed to cover future claims under ^ Life insurance and annuity contracts.
16
annual_report
1537
426
(1) Increase in losses for the fourth quarter of 2000 due to adverse claims experience for major medical products (see Note 3) and recognition of premium deficiency (see Note 10).
30
10K
gb_prudential-AR_2018
6,633
Transactions with owners, recorded directly in equity New share capital subscribed – 21 – 21 Share based payment transactions – – (1) (1)
23
annual_report
AvivaPLC-AR_2007
1,791
Deposits collected under investment contracts without a discretionary participating feature (non-participating contracts) are not accounted for through the income statement, except for the fee income (covered in policy H) and the investment income attributable to those contracts, but are accounted for directly through ...
54
annual_report
SwissReAG-AR_2004
958
Swiss Reinsurance Company, Zurich, financial statements Proposal for allocation of profit
11
annual_report
4898
1,047
A loss contingency is an existing condition, situation or set of circumstances involving uncertainty as to possible loss that will ultimately be resolved when one or more future events occur or fail to occur. Examples of loss contingencies include pending or threatened adverse litigation, threat of expropriation of ass...
134
10K
NatwestGroupPLC-AR_2018
2,455
At 1 January 2018 6,505 29 684 29 268 224 7,457 282 Transfers from Stage 1 to Stage 2 (691) (4) 691 4 — — — — Transfers from Stage 2 to Stage 1 366 12 (366) (12) — — — — Transfers to Stage 3 (35) (1) (63) (8) 98 9 — — Transfers from Stage 3 2 2 9 2 (11) (4) — —
66
annual_report
1885
454
During 2001, there was a net increase of $1,160,000 in death benefits, surrenders and other policy benefits, and a decrease of $2,316,000 in future policy benefits from $12,931,000 in 2000 to $11,775,000 in 2001. This net decrease was primarily the result of a decrease in traditional life reserves.
48
10K
4808
3,648
Investments in life settlements are accounted for under the investment method. Under the investment method, we recognize our initial investment in life settlements at the transaction price plus all initial direct external costs. Continuing costs to keep the policy in force, primarily life insurance premiums, increase t...
96
10K
2909
5,796
•A commercial paper program with a borrowing limit of $1.00 billion to cover short-term cash needs. As of December 31, 2005, the remaining borrowing capacity was $587 million; however, the outstanding balance fluctuates daily.
34
10K
gb_lloyds_banking_grp-AR_2016
4,272
Life insurance (see (1) below): Non-life insurance contracts (see (2) below): 1 Reinsurance balances are reported within other assets (note 27).
21
annual_report
Sampoplc-AR_2008
1,113
Change in liabilities for insurance and investment contracts 4 667 -188
11
annual_report
CNPAssurancesSA-AR_2016
323
Four stories directed by Olivier Delacroix to bolster our confidence in the future.
13
annual_report
AvivaPLC-AR_2015
1,444
How does the Group consider the issue of succession planning? The Group has a history of developing talent from within. The transition of Angela Darlington, our Chief Risk Officer whose case study is featured later in this report, is a good example of the benefits this policy can bring.
49
annual_report
RaiffeisenBankInternationalAG-AR_2010
3,271
The regional breakdown of the maximum credit exposure reflects the broad diversification in European markets. The following table shows the regional distribution of the maximum credit exposure by the borrower’s home country. The portfolio contributed by Raiffeisen Zentralbank during the merger leads to a strong increas...
87
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006
1,212
Our two scholarship programmes, which offer highquality advanced training for our clients’ prospective managers, have enabled us over the years to strengthen the partnerships we enjoy with our cedants.
29
annual_report
2996
6,491
Income before income taxes, minority interest and equity in earnings of affiliates increased $6.4 million, or 5%, primarily due to higher insurance and investment product fees, increased net realized investment gains and lower operating expenses.
35
10K
NatixisSA-AR_2018
5,829
Impact of the loss of control during 4.3.3 the period of a subsidiary in which an interest has been retained
20
annual_report
gb_prudential-AR_2011
4,770
(2) With-profit fund non-profit annuity business For UK non-profit annuity business including that written by Prudential Annuities Limited (PAL) the basis for determining the aggregate allowance for credit risk is consistent with that applied for UK shareholder-backed annuity business (as described above). The allowanc...
84
annual_report
HelvetiaHoldingAG-AR_2018
1,928
Financial report Investments 7.3 Investments by business area as of 31.12.2018 Notes Life Non-life Other and elimination Total in CHF million
21
annual_report
HiscoxLtd-AR_2001
214
The Group has three share option schemes which were set up for this purpose.
14
annual_report
gb_lloyds_banking_grp-AR_2017
2,911
Counterparty credit limits: Limits are set against all types of exposure in a counterparty name, in accordance with an agreed methodology for each exposure type. This includes credit risk exposure on individual derivatives and securities financing transactions, which incorporates potential future exposures from market ...
64
annual_report
gb_prudential-AR_2006
2,928
Significant costs are incurred in connection with acquiring new insurance business. Except for acquisition costs of with-profits contracts of the UK regulated with-profits funds, which are accounted for under the realistic FSA regime as described in note A4, these costs, which vary with, and are primarily related to, t...
121
annual_report
2048
714
Net realized investment gains increased $147 million in 2001 as compared with 2000. This increase was due primarily to after-tax gains from closing the hedge agreements, which were entered into during March 2000, related to the Company’s investment in Global Crossing of $647 million in 2001 as compared with $315 millio...
131
10K
gb_lloyds_banking_grp-AR_2006
449
Trading surplus 1,092 919 Net impairment credit on loans and advances 13 57
13
annual_report
fr_axa-AR_2015
3,834
At the end of the 5 year holding period, the employees can, depending on their country of residence, do any one of the following: (1) receive the cash value of their investment; (2)
33
annual_report
de_allianz-AR_2014
727
This achievement was strongly supported by the performance of our agent network. In 2014, the network expanded by almost half through the acquisition of parts of the insurance business of UnipolSai Assicurazioni S.p.A. including 725 agencies which were successfully integrated subsequently. The introduction of the commo...
122
annual_report
GjensidigeForsikringASA-AR_2016
730
One important task is to develop and improve digital user interfaces and services for our customers. New developments and improvements in mobile interfaces and websites make it easier and easier for
31
annual_report
Sampoplc-AR_2009
1,878
The Annual General Meeting granted the Board of Directors authorisation to buy back Sampo’s shares, valid until the close of the next AGM, nevertheless not more than 18 months after the AGM’s decision. The maximum amount of A-shares that 50,000,000 can be bought back is shares in either one or various set. Shares may b...
76
annual_report
LloydsBankingGroupPLC-AR_2020
2,134
Control effectiveness review All key controls are recorded and assessed on a regular basis, either in response to triggers or at a minimum annually. Control assessments consider both the adequacy of the design and operating effectiveness. Where a control is not effective, the root cause is established and action plans ...
95
annual_report
4655
1,153
It should be noted that CNA’s current GAAP long term care reserves contain a level of margin in excess of management’s current best estimates. Any required increase in the net GAAP reserves resulting from the hypothetical revisions in the table below would first reduce the margin before they would affect results of ope...
71
10K
SwissReAG-AR_2012
2,541
Disposal of Swiss Re Private Equity Partners AG The sale of Swiss Re Private Equity Partners AG, the management company of the Group’s private equity fund-of-fund business, to BlackRock, Inc. was completed on 4 September 2012. As a result of the transaction, the Group recognised a gain of USD 38 million...
105
annual_report
AvivaPLC-AR_2009
4,236
Value of new business 247 169 12 124 55 151 10 521 (103) 418 16 11 18 29 710 Earnings from existing business – expected existing business
27
annual_report
4317
1,222
Comparison of Year Ended December 31, 2009 and 2008 The combined ratio increased to 94.5% for the year ended December 31, 2009 as compared to 92.5% in the same period ended 2008. The increase was primarily due to a higher loss ratio reflecting ongoing changes in the mix of business within the segment, particularly thos...
81
10K
AdmiralGroupPLC-AR_2016
1,944
To mitigate the risk arising from exposure to reinsurers (in the form of reinsurance recoveries and profit commissions), the Group only conducts business with companies of appropriate financial strength ratings. In addition, many reinsurance contracts are operated on a funds withheld basis, which substantially reduces ...
56
annual_report
NatixisSA-AR_2016
10,398
7LEGAL INFORMATIONDraft resolutions of the Combined General Shareholders’ Meeting of May 23, 2017 453REGISTRATION DOCUMENT 2016 - Natixis
18
annual_report
4658
844
Operating expenses for the three months ended September 30, 2012 increased $1.1 million, or 13.2%, to $9.6 million from $8.5 million for the three months ended September 30, 2011. This increase resulted primarily from growth in variable expenses to expand the business.
42
10K
StandardLifeAberdeenPLC-AR_2020
747
• Audit Committee leads on assessment of external audit performance and service provision
13
annual_report
2550
851
We also record IBNR reserves for our mortgage guaranty and other segments. IBNR is an estimate of losses for which the insured event has occurred but the claim has not yet been reported to us. In establishing IBNR, we use traditional actuarial methods to estimate the reporting lag of such claims based on historical exp...
93
10K
835
386
Depreciation expense for the years ended December 31, 1997, 1996 and 1995 totaled $145,912, $151,950, and $150,213, respectively.
18
10K
NatwestGroupPLC-AR_2019
1,670
Four core questions will be considered as part of the pre-vest assessment. In determining the final vesting level of the award, the Committee will consider both individual and collective performance which means that there may be different vesting levels by participant. The process that will be followed to determine whe...
222
annual_report
1251
389
At December 31, 1999, each of the insurance subsidiaries has a Ratio that is in excess of 4, which is 400% of the authorized control level; accordingly the insurance subsidiaries meet the RBC requirements.
34
10K
RaiffeisenBankInternationalAG-AR_2020
3
Consolidated financial statements Statement of comprehensive income 99 Statement of financial position 101 Statement of changes in equity 102 Statement of cash flows 103 Segment reporting 104 Notes 112 Notes to the financial instruments 154 Risk report 196 Other disclosures 228 Regulatory information 263 Recognition an...
67
annual_report
4830
742
The Company’s obligation to redeem Series A preferred shares will terminate upon the Company completing a registration of its common stock with the SEC. The Company may redeem the Series A preferred shares at a price equal to 110% of their liquidation preference ($7.50 per share) at any time after December 15, 2012.
53
10K
4658
597
We periodically evaluate our estimates, which are based on historical experience and on various other assumptions that management believes to be reasonable under the circumstances. Critical accounting policies are those that are most important to the portrayal of our financial condition and results of operations and re...
171
10K
LloydsBankingGroupPLC-AR_2000
494
The table shown on page 73 in note 48b) provides an indication of the Group’s interest rate repricing profile at 31 December 2000, excluding the Group’s trading and insurance activities and after taking into account the off-balance sheet hedging transactions referred to above. Items are allocated to time bands by refer...
92
annual_report
fr_axa-AR_2012
8,052
Please see Part 2.3. “Major shareholders and related party transactions”, Section “Employee shareholders” of this Annual
16
annual_report
489
339
The Corporation has a revolving credit agreement with a group of banks that provides for unsecured borrowings of up to $300 million. There have been no borrowings under this agreement. The agreement terminates on July 15, 1997 at which time any loans then outstanding become payable. Management anticipates that a simila...
73
10K
4201
1,113
Life insurance - Reinsurance premiums, commissions and expense reimbursements on reinsurance ceded on life insurance policies are accounted for on a basis consistent with those used in accounting for the underlying reinsured policies. Expense reimbursements received in connection with new reinsurance ceded have been ac...
104
10K
StorebrandASA-AR_2016
3,062
Accounting Act and Norwegian Accounting Standard no. 16 as at 31 December 2016.
13
annual_report
2888
2,438
During the second quarter of 2005, the Company completed its annual asbestos reserve evaluation. As part of this evaluation, the Company reviewed all of its open direct domestic insurance accounts exposed to asbestos liability as well as assumed reinsurance accounts and certain closed accounts. The Company also examine...
71
10K
fr_axa-AR_2008
4,108
Non controlled investment funds trading mainly holding debt securities 136 – – – 136 – – – – – – – – – – – – –
27
annual_report
ScorSE-AR_2009
2,476
Exercisable at 31 December 1,158,081 - 855,316 - (1) After stock consolidation on 3 January 2007: 1 new share equals 10 old shares
23
annual_report
RSAInsuranceGroupPLC-AR_2012
1,762
In addition, he received payment in lieu of holiday not taken. His allowances included medical, car and travel benefits of £10k. He received a pension allowance of 22% of basic salary.
31
annual_report
5474
1,152
We invest our surplus and the funds supporting our insurance liabilities (including unearned premiums and unpaid loss and settlement expenses) in cash, cash equivalents, equities, fixed maturity securities and real estate. Investment income includes interest and dividends earned on invested assets. Net realized gains a...
134
10K
1849
1,214
If we were to experience a significant increase in lapse or surrender rates on policies for which we amortize DAC based on estimated gross margins or gross profits, such as participating and variable life insurance, we would expect acceleration of the write-off of DAC for the affected blocks of policies. Additionally, ...
136
10K
4426
724
As previously reported, in the second quarter of 2010, we determined that a triggering event related to our insurance subsidiary had occurred, necessitating an update of the prior year’s impairment analysis. The fair value of the reporting unit was estimated using a discounted cash flow analysis, resulting in our recor...
67
10K
PhoenixGroupHoldingsPLC-AR_2012
1,364
− IFRS 13 Fair Value Measurement (2013) defines fair value and sets out in a single IFRS a framework for measuring fair value.
23
annual_report
AvivaPLC-AR_2012
3,213
Gross of non-controlling interests, our direct shareholder assets exposure to worldwide bank debt securities is £7.3 billion. The majority of our holding (67%) is in senior debt. The primary exposures are to US (30%) and UK (19%) banks. Gross of non-controlling interests, our direct shareholder asset exposure to worldw...
126
annual_report
2639
567
The net adverse loss development on prior accident years included those years that were covered by our reinsurance agreements. This resulted in an increase in the reinsurance recoverable balance, which was then reduced by amounts collected from reinsurers. For the year ended December 31, 2003, we increased our ceded re...
62
10K
5153
3,099
Management considers a wide range of factors about the security issuer and uses its best judgment in evaluating the cause of the decline in the estimated fair value of the security and in assessing the prospects for near-term recovery. Inherent in management’s evaluation of the security are assumptions and estimates ab...
280
10K
4523
1,412
We present our financial information in two operating segments - Commercial Insurance and Consumer Insurance - as well as an Other category.
22
10K
2419
918
value or other valuation techniques. These techniques are significantly affected by management’s assumptions, including discount rates and estimates of future cash flows. Potential taxes and other transaction costs have not been considered in estimating fair values. The estimates presented herein are not necessarily in...
56
10K
4853
1,180
The following table sets forth the amount and percentage of our fixed maturities as of December 31, 2013 by S&P credit rating or, if an S&P rating is not available, the equivalent Moody’s rating. The table includes fixed maturities at fair value, and the total rating is the weighted average quality rating.
52
10K