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AssicurazioniGeneraliSpA-AR_2016
3,125
Financial liabilities at fair value through profit or loss 19,484 19,484
11
annual_report
HiscoxLtd-AR_2016
1,758
Financial assets Debt and fixed income securities 1,005,111 2,409,838 – 3,414,949 Equities and shares in unit trusts – 293,187 12,155 305,342 Deposits with credit institutions 24,592 – – 24,592 Insurance-linked funds – – 46,821 46,821 Derivative instrument assets – 329 – 329
42
annual_report
NatixisSA-AR_2015
243
V Portfolio Management: under the “Originate-to-Distribute” model implemented in 2013, Portfolio Management is responsible for actively managing the financing portfolio of the Corporate & Investment Banking division. It optimizes balance-sheet rotation and the use of related resources to give Natixis renewed originatio...
43
annual_report
RaiffeisenBankInternationalAG-AR_2018
1,202
Financial assets - designated fair value through profit/loss [16, 31, 44] 3,192,115 5,370,028 8,488,900
14
annual_report
2753
1,028
goodwill. At December 31, 2005 we have $157.3 million of goodwill and $17.4 million of other intangible assets. Purchased contract rights are amortized using the straight-line method over periods ranging from 5 to 15 years. Provider contracts are amortized using the straight-line method over periods ranging from 5 to 1...
67
10K
3308
4,883
There are four positions that comprise the unrealized loss in equity investments at December 31, 2007. They have not been below cost for significant continuous amounts of time. Harleysville Group has been monitoring these securities and it is possible that some may be written down in the income statement in the future.
52
10K
611
351
From time to time the Directors of the Company and Mutual have discussed possible changes in the relationship among the three companies for the purposes of improving their insurance operations and reducing the instances where there might be conflicts between MNH and Mutual. For example, in November 1994 when Mutual fil...
254
10K
SwissReAG-AR_2004
138
Capitalised software costs External direct costs of materials and services incurred to develop or obtain software for internal use, payroll and payroll-related costs for employees who are directly associated with software development and interest cost incurred while developing software for internal use are capitalised ...
58
annual_report
GjensidigeForsikringASA-AR_2011
737
Both the pension and savings operations and the banking operations are still in a start­up phase.
16
annual_report
426
256
Proceeds from sales of available-for-sale investments during 1996, 1995 and 1994 were $35,251,000, $1,344,000, and $246,000, respectively. Gross gains of $3,499,000, $790,000 and $10,000, respectively, were realized on those sales. Gross losses of $342,000 were realized on those sales in 1996. No losses were realized o...
52
10K
nl_ing_grp-AR_2019
4,367
The notional value of the related credit derivatives is EUR 1,672 million (2018: EUR 1,364 million).
16
annual_report
AvivaPLC-AR_2016
4,408
(c) Other interests in unconsolidated structured entities The Group receives management fees and other fees in respect of its asset management businesses. The Group does not sponsor any of the funds or investment vehicles from which it receives fees. Management fees received for investments that the Group manages but d...
144
annual_report
gb_lloyds_banking_grp-AR_2001
491
At an operating level, the Group promotes sound internal risk management practices through the directors of its separate business units, who have primary responsibility for measuring, monitoring and controlling the range of portfolio and operating risks within their specific area of accountability. The directors and ma...
125
annual_report
3677
2,677
Depreciation expense for the years ended December 31, 2008, 2007 and 2006 was $84.6 million, $94.4 million and $77.9 million, respectively. Included in the depreciation expense for the years ended December 31, 2008, 2007 and 2006 was $29.9 million, $32.9 million and $26.9 million, respectively, of expense for developed...
50
10K
LloydsBankingGroupPLC-AR_2017
459
Agile working To respond to the changing business environment and in recognition of the changing ways colleagues live and work, we encourage our colleagues to embrace agile working. Approximately 41 per cent of them are now working in a flexible way compared to 33 per cent two years ago. In 2017 we launched a workforce...
67
annual_report
AdmiralGroupPLC-AR_2013
1,112
Remuneration Committee Membership in 2013 The Board sets the Group’s Remuneration Policy and, through the authority delegated to it by the Board, the Committee is responsible for making recommendations to the Board on the structure and implementation of the Remuneration Policy across the Group with consideration to the...
94
annual_report
SwissReAG-AR_2005
769
Financial solutions for weather risks Climate change is a fact: one of its effects is an increase in the volatility and unpredictability of weather events, for example maximum and minimum temperatures, the number of hot or cold days and precipitation levels. Human activity contributes to climate change, but it can also...
79
annual_report
AegonNV-AR_2002
456
Taiwan has the potential to become a profitable top five player.
11
annual_report
gb_lloyds_banking_grp-AR_2016
5,871
General commentary 1 Present all related risk information together or provide an index or an aid to navigation. 115 2 Define the bank’s risk terminology and risk measures and present key parameter values used. 116-169 3 Describe and discuss top and emerging risks. 28-31, 118 4 Outline plans to meet each new key regulat...
57
annual_report
2543
409
Mortgage-backed securities comprised 22% of the Company's total invested assets at December 31, 2004. Ninety-eight percent of the Company's mortgage-backed securities portfolio, based on fair values, has been rated as investment grade by nationally recognized statistical rating organizations. Mortgage-backed securities...
109
10K
HelvetiaHoldingAG-AR_2008
193
a Place of residence, nationality b Education, title c Function d Professional background; date of employment and former functions at Helvetia Versicherungen e Other significant activities and interests, including mandates, official functions, political functions
34
annual_report
4845
559
· Longer emergence patterns with exposures to latent unforeseen mass tort,
11
10K
NatwestGroupPLC-AR_2015
1,831
• 2015 preliminary pay elements including bonus pool, deferral and LTI awards.
12
annual_report
StorebrandASA-AR_2001
288
Earnings and profitability Storebrand Investments reports a pre-tax group profit of NOK 14 million for 2001 as compared to NOK 67 million for 2000. The falls seen in equity
29
annual_report
SwissReAG-AR_2019
4,068
Total shareholders’ equity as of 1 January 34 124 27 930 –18 Net income attributable to common shareholders 421 727 73
21
annual_report
GjensidigeForsikringASA-AR_2011
2,017
Exchange gains and losses arising from a monetary item receivable from or payable to a foreign operation, the settlement of which is neither planned nor likely in the foreseeable future, are considered to form a part of the net investment in the foreign branch and are recognised in other comprehensive income.
51
annual_report
de_allianz-AR_2012
432
The responsibilities and composition of Board of Management and Group committees are set out in the respective Rules of Procedure, which require the approval of the Board of Management.
29
annual_report
TrygAS-AR_2013
475
The gross claims ratio amounted to 74.2 (76.6), and the claims ratio, net of ceded business, was 73.6 (76.8). This improvement is the result of price increases and a reduction of unprofitable customer groups. In addition, improved tariffs within both motor and house insurance and new customer benefits have had a positi...
53
annual_report
430
759
Through 1995, APU has filed consolidated federal income tax returns and will do so again for 1996. APU's federal income tax loss carryforward has been available to offset taxable income and, as a result, APU's obligation to pay federal income tax for 1996 is substantially eliminated. As a result of the Mergers, AFG (pa...
135
10K
NatwestGroupPLC-AR_2013
3,781
• The exception at the NatWest level was mainly driven by a large move in inflation following an Office of National Statistics announcement in January that it would not be changing the RPI calculation.
34
annual_report
AdmiralGroupPLC-AR_2015
1,545
Given Manning’s and Owen’s background, experience and competence, and the external references that were obtained, the Committee did not consider it either necessary or appropriate to undertake a full search led by an external recruitment consultancy.
36
annual_report
4897
959
The relatively small change in premium income in yen for 2014 was influenced by the impact of weak first sector sales in 2014 and 2013 in addition to premiums ceded in the 2014 and 2013 reinsurance transactions. Annualized premiums in force at December 31, 2014, were 1.59 trillion yen, compared with 1.57 trillion yen i...
123
10K
5641
1,149
In August 2018, the FASB issued ASC Update No. 2018-14 (Topic 715-20) Compensation - Retirement Benefits - Defined Benefit Plans - General - Disclosure Framework - Changes to the Disclosure Requirements for the Defined Benefit Plans. This ASC update modifies disclosures related to defined benefit pension or other postr...
206
10K
3494
5,310
We are unable to predict the impact on future market conditions from increased competition and legislative initiatives. In addition to these market forces, reinsurers continue to reassess their risk appetites and rebalance their property portfolios to obtain a greater spread of risk against the backdrop of: (i) recent ...
82
10K
2387
1,044
The following tables show the trends in these three key measures of our performance:
14
10K
NatwestGroupPLC-AR_2005
1,994
(5) Population consists of only investment grade senior tranches; therefore, no credit losses are included in the assumptions.
18
annual_report
4751
1,456
A summary of RSU activity in the plan during the years ending December 31, 2013 and December 31, 2012 is as follows:
22
10K
2048
582
Net written premiums for Specialty Lines increased $19 million in 2001 as compared with 2000. Included in 2001 net written premiums were $68 million related to corporate aggregate reinsurance treaties, additional ceded premiums arising from both the reserve strengthening and WTC event, and a change in estimate for invo...
165
10K
gb_lloyds_banking_grp-AR_2012
4,359
Bank and building society certificates of deposit – 188 188 – 366 366
13
annual_report
Sampoplc-AR_2000
1,266
IMPACT OF EXCHANGE RATE DIFFERENCES ON THE CHANGE IN THE PROVISION FOR UNEARNED PREMIUMS AND IN THE PROVISION FOR OUTSTANDING CLAIMS IN THE PARENT COMPANY
25
annual_report
5046
279
Net realized capital gains totaled $265 million in 2015 compared to $143 million in 2014.
15
10K
AvivaPLC-AR_2004
1,924
Total liabilities, capital, reserves and subordinated debt 237,145 213,020 * Restated for the effect of implementing European Embedded Value principles.
20
annual_report
RSAInsuranceGroupPLC-AR_2012
2,987
The UK pension funds have swap arrangements in place to ensure that the assets backing the liabilities under the insurance arrangement exactly fund the amounts payable. Additionally these funds have purchased inflation swaps and interest rate swaps to reduce investment risk within the funds.
44
annual_report
682
185
Loss and loss adjustment expenses as a percentage of earned premium were 77.0% in 1994, 81.6% in 1995 and 72.8% in 1996. The Registrant believes that its current reserves are adequate and proper. However, additional reserve increases may be required in the future. In it's efforts to reduce loss and loss adjustment expe...
160
10K
BaloiseHoldingLtd-AR_2016
716
Georges-Antoine de Boccard (1951, Switzerland, Dr med�) has been a member of the Board of Directors since 2011� He studied medicine at the University of Geneva� He has been running his own urological surgery practice in Geneva since 1987� Dr Georges-Antoine de Boccard chairs the Board at Stellaria Holding SA and at the...
138
annual_report
gb_lloyds_banking_grp-AR_2016
4,033
Debt securities: Other public sector securities – 1,325 1,325 – 2,039 2,039
12
annual_report
HiscoxLtd-AR_2001
216
Awards were also made during the year under the Sharesave Scheme. This scheme provides a medium-term incentive available to all UK staff. Awards depend upon the amount employees are prepared to save out of their salary subject to the maximum figure under the rules.
44
annual_report
Sampoplc-AR_2008
1,819
Mandatum Life has been fundamentally based on the embedded value model where the cash flow estimates for existing policies are based on budgets approved by the management and on historical evidence in terms of policy surrendering, death and accident frequencies etc. The derived cash flows for If were discounted at the ...
76
annual_report
gb_prudential-AR_2007
1,114
Company constitution The Company is governed by the Companies Acts and other applicable legislation, and by its Memorandum and the Articles of Association. The Memorandum and Articles of Association are available on Prudential’s website at memorandum/
36
annual_report
SwissReAG-AR_2012
1,644
As always, the Compensation Committee works continuously to gauge and improve its own effectiveness. It also continues to maintain a sustained interaction with the Swiss Financial Market Supervisory Authority FINMA, as well as monitoring other regulatory developments including Solvency II and Sw...
44
annual_report
4824
580
(2) The net loss ratio is calculated by dividing the sum of losses and loss settlement expenses by net premiums earned. We use the net loss ratio as a measure of the overall underwriting profitability of the insurance business we write and to assess the adequacy of our pricing. Our net loss ratio is meaningful in evalu...
67
10K
fr_axa-AR_2001
2,653
With a deferred settlement instruction, the purchaser may elect not to pay and not to receive the securities until the end of the month. The transfer of ownership of equity securities traded on the ParisBourse pursuant to a deferred settlement instruction takes place the last business day of the month. The purchaser ma...
128
annual_report
StorebrandASA-AR_2007
2,046
General information In the case of the Swedish activities in SPP the portfolio is divided into defined benefit pensions, defined contribution pensions and unit-linked policies. Both the defined benefit pensions and the defined contribution pensions in SPP have associated guarantees. This results in the generation of fi...
159
annual_report
nl_ing_grp-AR_2014
4,767
Commercial Real Estate Given the increased risk profile in the real estate sector, ING Bank decided in 2008 to reduce its real estate portfolio and this reduction continued in 2014. The portfolio is now at the level targeted by ING Bank’s risk appetite for this asset class. The book is performing better compared to 201...
85
annual_report
de_allianz-AR_2012
3,343
Contractual interest rate 0.80 % – – – – – – –
12
annual_report
3817
1,274
Liabilities for future policy benefits on traditional life insurance products have been computed using a net level method including assumptions as to investment yields, mortality, persistency, and other assumptions based on the Company’s experience, modified as necessary to reflect anticipated trends and to include pro...
111
10K
LloydsBankingGroupPLC-AR_2017
3,766
We understood and critically assessed the appropriateness of models used. This included challenging whether the portfolios were appropriately segmented and whether historical experience was representative of current circumstances. We also performed testing over the completeness and accuracy of data from underlying syst...
68
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2005
1,102
The sale of unit-linked products was satisfactory, and life insurance products such as “Riester” pensions also sold better than planned.
20
annual_report
5141
811
For the past ten years, the Insurance Subsidiaries have experienced favorable prior accident year loss and loss expense development. Over the past three years, contributions to the favorable emergence have come from different lines of business at different points in time. The greater contributions have generally come f...
71
10K
GjensidigeForsikringASA-AR_2012
1,982
Control committee 5 Sven Iver Steen, Chairman 343,5 0,5 1.630 Hallvard Strømme 172,5 Lieslotte Aune Lee 176,3 Vigdis Myhre Næsseth, Deputy 111,5
22
annual_report
4309
648
Other income increased $14.2 million, or 17.6%, for the year ended December 31, 2010, as compared to the year ended December 31, 2009. The increase relates primarily to higher sales in the marketing companies and fees on variable universal life funds.
41
10K
ch_zurich_insurance_group-AR_2017
1,818
Building on these positions, Zurich has begun offering travel insurance to customers of easyJet and in December acquired a majority stake in FitSense, an analytics company that uses data from mobile applications and online devices to provide customized insurance products. The Group also strengthened its proposition to ...
73
annual_report
de_allianz-AR_2008
1,421
Interest expense � 61.6 mn Total interest expense for senior bonds � 185.7 mn 2. Subordinated bonds 2)
18
annual_report
RaiffeisenBankInternationalAG-AR_2008
2,100
Currently, both transactions are arranged in the Warehousing-period, and this phase and the corresponding issue of Warehousing Notes demonstrate a preliminary stage to the final securitization. The difference compared to traditional transaction-processing consists therein that the risk of the underlying loans remains w...
189
annual_report
3082
2,186
We entered into three agreements with affiliates of GE, effective as of January 1, 2004, to manage a pool of municipal GICs, issued by those affiliates. Pursuant to these agreements, we have agreed to originate municipal GIC liabilities and advise the GE affiliates regarding the investment, administration and managemen...
181
10K
4551
1,182
Guarantees issued by certain of Willis Group Holdings’ subsidiaries with respect to the senior notes and revolving credit facilities are discussed in Note 19 - 'Debt' in these consolidated financial statements.
31
10K
LloydsBankingGroupPLC-AR_2020
7,480
5 At the time of approving the Group’s results for the year ended 31 December 2019, the directors recommended a final dividend of 2.25 pence per share representing a total dividend of £1,586 million, which was to be paid on 27 May 2020. However, on 31 March 2020 the Group announced the cancellation of its final 2019 or...
92
annual_report
DirectLineInsuranceGroupPLC-AR_2013
1,526
2013 & 2014 AGMs – key highlights 2013 AGM Held on 6 June 2013 at The Auditorium, Allen & Overy LLP, One Bishops Square, London E1 6AD.
27
annual_report
ScorSE-AR_2010
175
Different risk measures (such as Value at Risk, Tail Value at Risk or Expected Shortfall) per peril and region provide the information required to determine levels of retrocession and other risk transfer means (e.g. catastrophe bond) needed to
38
annual_report
4209
915
Gross premiums are received either upfront (typical of public finance obligations) or in installments (typical of structured finance obligations). For premiums received upfront, an unearned premium revenue (“UPR”) liability is established, which is initially recorded as the cash amount received. For installment premium...
281
10K
HiscoxLtd-AR_2005
404
In all of these markets around the world, Hiscox competes against major international groups with very similar offerings. At times, a minority of these groups may choose to underwrite for cash flow or market share purposes and at prices that sometimes fall short of the suggested breakeven technical price.
49
annual_report
5883
612
Operating revenues and other include Altium Packaging revenues of $1,022 million and $932 million for 2020 and 2019. The increase of $90 million in 2020 as compared with 2019 reflects an increase of $63 million related to the full year impact of acquisitions in 2019, an acquisition in November of 2020, higher volumes a...
115
10K
SwissLifeHoldingAG-AR_2014
16
The progress we have made with “Swiss Life 2015” is reflected in our figures for the past financial year. Let us pick out a few key points: Swiss Life has grown profitably and increased its premium income by 7% in local currency to CHF 19.1 billion. Our growth stems mainly from the home market of Switzerland, where we ...
69
annual_report
de_allianz-AR_2004
1,188
South Korean operations. The decrease in our Taiwan’s earnings after taxes and before goodwill amortization was mainly due to reduced realized gains on investments and lower tax benefits.
28
annual_report
5949
1,234
At December 31, 2020, 92 percent of our Level 3 fixed maturities, available for sale, were investment grade and 90 percent of our Level 3 fixed maturities, available for sale, consisted of corporate securities.
34
10K
de_allianz-AR_2015
842
Consolidation/deconsolidation effects were at € 357 MN mainly due to positive effects from the acquisition of a part of the insurance business of UnipolSai and the takeover of the Property-Casualty insurance business of the Territory Insurance Office in Australia. This was partly offset by the sale of the Fireman’s Fun...
65
annual_report
2335
1,139
Under FAS 60, acquisition costs for traditional life insurance products, which include whole life and term life insurance contracts are amortized over periods of 10 to 30 years on either a straight-line basis or as a level percent of premium of the related policies depending on the block of business. There are currentl...
68
10K
1709
680
NCRIC MSO sponsors two plans for its employees. The first plan is a defined contribution money purchase plan in which employees who are 21 years or older and have two years of service are eligible to participate. Under the plan, NCRIC MSO contributes 3% of each participant's total annual compensation. All contributions...
75
10K
2046
1,139
The accounting treatment of the Company's agent plans will continue to result in unpredictable stock-based compensation charges, primarily dependent upon future fluctuations in the quoted price of UICI common stock. These unpredictable fluctuations in stock based compensation charges may result in material non-cash flu...
102
10K
SwissReAG-AR_2010
1,523
Fees and allowances in cash 4 922 6 781 Fees in blocked shares 1 880 1 592
17
annual_report
2323
405
Policy benefits, which are mainly comprised of interest credited to policyholder accounts, decreased in 2003 despite growth in average policyholder fund balances, reflecting crediting rate actions we took as part of our management of investment spreads.
36
10K
4967
996
The following tables set forth the Company’s share of pension plan’s available-for-sale securities within the fair value hierarchy at December 31, 2014 and 2013:
24
10K
TrygAS-AR_2004
109
The market is currently moving towards the use of multiple tariff criteria, thereby establishing a sharper division of customers into risk classes. We find it disturbing when large parts of the market expect to increase their earnings by introducing additional tariff criteria. Depending on how aggressively insurers int...
68
annual_report
HannoverRueckSE-AR_2019
862
Provision of further information on sustainability 2019: Updating of the CSR fact sheet
13
annual_report
LloydsBankingGroupPLC-AR_2003
556
The profit before tax of Wholesale and International Banking decreased by £188 million, or 13 per cent, to £1,264 million in 2002 from £1,452 million in 2001. The acquisition during the year of First National Vehicle Holdings, Abbey National Vehicle Finance and the Dutton-Forshaw Group had a significant impact on the t...
91
annual_report
1676
1,044
COST IN EXCESS OF NET ASSETS ACQUIRED Through December 31, 2001, the excess of cost of subsidiaries over AFC's equity in the underlying net assets ("goodwill") was being amortized over periods of 20 to 40 years. Under Statement of Financial Accounting Standards ("SFAS") No. 142 (issued in July 2001), goodwill will no l...
96
10K
5164
656
Claims liabilities - The changes in the provision for unpaid claims, net of amounts recoverable from reinsurers, for the years ended December 31, 2015, 2014, and 2013 were as follows ($ in '000s):
33
10K
3767
1,068
Policy acquisition costs include commissions, premium taxes, marketing and underwriting expenses and the amortization of the premium deficiency. The expenses are charged to operations over the period in which the related premiums are earned. The decrease of $5,962,000 (17)% in 2008 was primarily due to decreases in com...
218
10K
3426
1,024
During the year ended December 31, 2006, we experienced $23.8 million in favorable development on net loss and LAE reserves relating to prior year losses within the following lines of our business:
32
10K
3719
395
The following table summarizes the Company’s future estimated cash payments under existing contractual obligations at December 31, 2008, including payments due by period:
23
10K
4128
1,564
Although profits improved in our Assurant Solutions segment year over year, results in the United Kingdom (“UK”) have continued to deteriorate. We are taking further actions to remedy issues in the UK. We believe that the addition of several new clients effective this year may bring revenue growth. The new clients and ...
100
10K
5388
3,113
The Company participates in a tax sharing agreement with MetLife, Inc., as described in Note 1. Pursuant to this tax sharing agreement, the amounts due from affiliates included $203 million and $60 million for the years ended December 31, 2017 and 2016, respectively.
43
10K
StandardLifeAberdeenPLC-AR_2017
2,063
The Group applies a consistent remuneration philosophy for staff at all levels. Base salaries are targeted at an appropriate level in the relevant markets in which the Group competes for talent. The Committee considers the base salary percentage increases for the Group's broader UK and international employee population...
58
annual_report
1961
517
During 2002, Torchmark wrote down several individual holdings to estimated fair value as a result of other-than-temporary impairment. The impaired securities met some or all of Torchmark’s criteria for other-than-temporary impairment as discussed in its Critical Accounting Policies on page 41 of this report. In total, ...
121
10K
gb_lloyds_banking_grp-AR_2012
3,531
Opinion on financial statements in our opinion the group financial statements: – give a true and fair view of the state of the Group’s affairs at 31 december 2012 and of its loss and cash flows for the year then ended; – have been properly prepared in accordance with iFRss as adopted by the European union; and
57
annual_report
INGGroepNV-AR_2017
6,203
The high-priority material topics identified and disclosed in our materiality analysis are reported on in the relevant sections of the Annual Report, including this appendix. For a detailed description of data-gathering scope and process on specific data points, please refer to the ING Non-financial Data Reporting Prot...
62
annual_report
AvivaPLC-AR_2006
3,390
1% increase 1% decrease 1% increase 1% decrease As reported in discount in discount in interest in interest
18
annual_report
Sampoplc-AR_2001
1,213
In the Consolidated Accounts, the results of the parent company and its subsidiaries operating in other fields than banking and investment services or insurance have been presented in the insurance business’s Profit and Loss
34
annual_report
ScorSE-AR_2011
4,477
exercised. On 23 December 2009, the Company acknowledged the conversion of 7,987,792 OCEANEs, resulting in the creation of 934,576 new SCOR shares. The OCEANEs non-exercised were reimbursed i.n cash on 4 January 2010. In compliance with Article L. 225-149 of the French Commercial Code, the Board of Directors, on 2 Marc...
122
annual_report
1864
114
Managed care operations are at risk for costs incurred to supply agreed upon levels of service. Failure to anticipate or control costs could have material, adverse effects on the Company. Additionally, the business of providing services on a full-risk capitation basis exposes the Company to the additional risk that con...
86
10K