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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 origination capacity. | 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 10 years. Non-compete agreements are amortized using the straight-line method over 5 years, the period of the agreement. | 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 filed an application with the New York Insurance Department to convert from a mutual to a stock corporation, the Company indicated to Mutual its willingness to consider sponsoring that conversion. However, as a result of an improvement in its financial condition, Mutual withdrew its conversion application in September 1996. Another example of the Directors' interest in changing the relationship among the companies occurred in 1994 when, as part of the settlement of issues arising out of the allocation of assigned risk automobile business, the two Boards explored the advisability and feasibility of pooling the insurance operations of MNH and Mutual in exchange for a reduction in the notice period required to terminate the Management Agreement. At that time, after extended arms' length negotiations with Mutual's Board of Directors, the Company concluded that pooling would not be in its best interest, and no changes were made. In late 1997 the companies jointly retained an independent insurance consultant to review their common insurance operations and to consider, among other things, whether pooling was advisable from each company's perspective. The independent insurance consultant recommended that the companies consider pooling, but after extensive consideration Mutual concluded that pooling would not be in its best interest at this time. | 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 and amortised on a straight-line basis over a period of three years through earnings. | 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 on those sales in 1995 or 1994. | 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 does not have a holding in also represent an interest in unconsolidated structured entities. As these investments are not held by the Group, the investment risk is borne by the external investors and therefore the Group’s maximum exposure to loss relates to future management fees. The table below shows the assets under management of entities that the Group manages but does not have a holding in and the fees earned from those entities. The increase in total assets under management is primarily the result of an increase in total pension fund assets managed by Poland. | 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 management of the business units, as the primary risk managers, are responsible for establishing proper control frameworks within their businesses to ensure that the Group’s activities are conducted effectively but prudently, and within the parameters defined by Group Risk Management. They are responsible for ensuring that the risks within their business are identified, assessed, controlled and monitored, and that the controls and procedures implemented comply with Group policies and standards, which are extensively documented in rule books and procedures manuals. | 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 software. | 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 agility Line Manager toolkit to help teams implement new ways of working. | 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 prevailing economic climate within the economies in which the Group operates. Its remit includes recommending the remuneration of the Chairman, the Executive Directors and the Company Secretary; reviewing the remuneration of senior management; and reviewing the composition of and awards made under the performance-related incentive schemes. | 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 help mitigate its effects on weather events. The insurance industry, through its expertise in risk management, plays an important role in developing solutions to tackle the weatherrelated uncertainties. | 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 regulatory ratio. 155, 160 | 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 subject the Company to a degree of interest rate risk, including prepayment and extension risk, which is generally a function of the sensitivity of each security's underlying collateral to prepayments under varying interest rate environments and the repayment priority of the securities in the particular securitization structure. The Company seeks to limit the extent of this risk by emphasizing the more predictable payment classes and securities with stable collateral. | 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 positive effect. | 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 (parent) has been included in APU's consolidated return for 1995 and 1996. At the close of business on December 31, 1996, AFG contributed 81% of the common stock of APU to AFC. Accordingly, beginning with the 1997 federal tax return, APU and its 80%-owned U.S. subsidiaries will join AFC's consolidated federal tax return. Under tax allocation agreements, APU's insurance subsidiaries generally compute tax provisions as if filing separate returns with the resulting provision (or credit) currently payable to (or receivable from) APU. | 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 in 2013 and 1.49 trillion yen in 2012. The increases in annualized premiums in force in yen of 1.7% in 2014, 5.0% in 2013 and 11.1% in 2012 reflect the sales of new policies combined with the high persistency of Aflac Japan's business. Annualized premiums in force, translated into dollars at respective year-end exchange rates, were $13.2 billion in 2014, $14.9 billion in 2013, and $17.2 billion in 2012. | 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 postretirement plans. This ASC update removes the disclosure of amounts in accumulated other comprehensive income expected to be recognized over the next fiscal year and the effects of a one percentage point change of health care cost trends on net periodic benefit costs and postretirement benefit obligations and clarifies the specific requirements of disclosures related to the project benefit obligation and accumulated benefit obligation. This ASC Update also adds disclosures related to weighted average crediting rates for cash balance plans and requires disclosure of an explanation of any significant gains and losses related to changes in benefit obligations for the period. The amendments in this ASC update are effective for fiscal years ending after December 15, 2020, and should be applied on a retrospective basis to all periods presented. Early adoption is permitted. Implementing this guidance is not expected to have an impact on the Company’s financial position or results of operations as the update is disclosure related. | 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 revisions to the industry’s catastrophe loss projection models, which are indicating significantly higher loss potentials and consequently higher pricing requirements and (ii) elevated rating agency scrutiny and capital requirements for many catastrophe exposed companies. | 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 involuntary market premium accruals. Excluding these 2001 significant premium items, net written premiums increased $87 million primarily as a result of strong production in coverage for law firms, long term care, and architects and engineers products as well as increased rate achievement in Europe, primarily in property lines and decreased ceded premiums related to finite reinsurance for the medical professional liability lines. Partially offsetting these increases was $77 million resulting from additional ceded premiums related to core corporate aggregate reinsurance treaties, as well as declines in the warranty and guaranty lines. Net written premiums also decreased $23 million due to a change in the timing of recording written premiums for policies with future effective dates. This change | 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 expenses, as it relates to earned premium, the Registrant initiated a significant rate increase in the minimum limits personal injury protection line of business during the fourth quarter 1996. This increase follows closely behind a similar sized rate increase in the fourth quarter 1995. Due to the inherent uncertainty in estimating reserves for losses and loss adjustment expenses there can be no assurance that the ultimate liability will not exceed the amounts reserved, resulting in an adverse effect on the Registrant. At year end 1996, the Registrant's loss and loss adjustment expense reserves were at the lower end of a range which the Registrant's independent actuary deems appropriate. | 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 asset management companies of Citadel Finance SA and GPP-Gestion Patrimoniale Personnalisée SA� He sits on the Board of Directors at the Swiss International Prostate Center SA and was Chairman of the Swiss Association of Urology from 2005 to 2006� As well as remaining a member of the Swiss Association of Urology, he is a member of the European Association of Urology and other professional bodies and associations and sits on the boards of directors of various foundations� Dr de Boccard is an independent nonexecutive director� | 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 pre-tax rates of 11.3 per cent. For Mandatum Life, the weighted average cost of capital of 11.1 per cent has been used for the discounting. | 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 Swiss corporate law. | 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 evaluating our financial results as reported in our Consolidated Financial Statements. | 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 may decide, five days before the end of the calendar month (the determination date), either (i) to settle the trade no later than on the last trading day of such month or (ii) upon payment of an additional fee, to extend settlement to the determination date of the following month with the option either to settle no later than the last trading day of that month or to further postpone settlement until the next determination date. | 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 financial risk in the event of falling stock markets and falling interest rates. In the case of some policies, a risk also arises from strongly rising interests rates. Due to the somewhat more complex financial risk picture in SPP than in the Norwegian activities, the risk the customer portfolio represents against the equity is also managed through derivative transactions in SPP’s company portfolio. The investment strategy and risk management in SPP comprises three main pillars. Asset allocation that results in a good return over time for customers and the owner, the continuous implementation of risk management measures in the customer portfolios, and tailored hedging of certain selected insurance policies in the company’s portfolio. | 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 2013, reflected by an improved Credit RWA density, lower number of clients on the watch list, NPL ratio showing a steady decline in 2014 and a material reduction in risk costs. | 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 provisions for possible adverse deviation. Reserve investment yield assumptions on December 31, 2008 range from approximately 5.0% to 7.0%. The liability for future policy benefits and claims on traditional life, health, and credit insurance products includes estimated unpaid claims that have been reported to us and claims incurred but not yet reported. Policy claims are charged to expense in the period in which the claims are incurred. | 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 systems, assessed whether customer forbearance plans had been appropriately reflected in the impairment models and performed testing to obtain evidence over the existence and valuation of collateral. | 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 from the longer tailed casualty lines, primarily due to their associated volume of reserves and the inherent uncertainty of the longer claims settlement process. | 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 drivers and the automobile industry with the acquisition in December 2017 of Bright Box HK Limited, a provider of telematics solutions linking drivers, dealers and manufacturers. | 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 within the Group, as in this Warehousing-period no different rated tranches exist, but only one category of so called Warehousing Notes. The remaining of the loan default risk of the transferred loans within the Group is due to the fact that the loan default risk was taken over by a Group unit. The material advantages of such a transaction for the originators Raiffeisen (Bulgaria) EAD, Sofia (BG), Raiffeisen Bank S.A., Bucharest (RO), and for the Group consist in a liquidity facility due to the issue of Warehousing Notes representing an additional refinancing source. Moreover, the possibility of a further optimization of the underlying portfolio occurs. After expiry of the12 to 18 months lasting preliminary lead time a full securitization and placement of the portfolio is common, whereas the decision of a possible takeover through a Group unit will be decided until this date in the objective transactions. | 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 management of their assets that support those liabilities. We recorded fees and reimbursements of $10 million, $40 million and $37 million for the period ended March 31, 2006 and years ended December 31, 2005 and 2004, respectively, for these services. We also will receive reimbursement of our operating expenses under each of the agreements. The three agreements expired December 31, 2006. As of January 1, 2007, we entered into a new agreement with GE relating to the management of their municipal GICs. Under this agreement we agreed to sell the business, which provided services under the agreements outlined above for $1 million. We also agreed to provide consulting services for a 2-year period and in return we expect to receive fees of $19 million in year 1 and $10 million in year 2. | 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 ordinary dividend. This decision was taken by the Board at the specific request of the regulator, the PRA, in line with all other major UK listed banks, as a result of the developing coronavirus crisis. | 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 transactions, a premium receivable asset and offsetting UPR liability is initially established in an amount equal to: (i) the present value of future contractual premiums due (the “contractual” method) or, (ii) if the underlying insured obligation is a homogenous pool of assets which are contractually prepayable (the “expected” method), the present value of premiums to be collected over the expected life of the transaction. An appropriate risk-free rate corresponding to the weighted average life of each policy and exposure currency is used to discount the future premiums contractually due or expected to be collected. For example, U.S. dollar exposures are discounted using U.S. Treasury rates while exposures denominated in a foreign currency are discounted using the appropriate risk-free rate for the respective currency. The weighted average risk-free rate and weighted average period of future premiums used to estimate the premium receivable at December 31, 2010 and 2009 is 3.1% and 2.7%, and 10.4 years and 10.2 years, respectively. Insured obligations consisting of homogeneous pools for which Ambac uses expected future premiums to estimate the premium receivable and UPR include residential mortgage-backed securities and consumer auto loans. As prepayment assumptions change for homogenous pool transactions, or if there is an actual prepayment for a “contractual” method installment transaction, the related premium receivable and UPR are adjusted in equal and offsetting amounts with no immediate effect on earnings using new premium cash flows and the then current risk free rate. | 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 and higher year-over-year resin prices. Altium Packaging’s contracts with its customers provide for price adjustments for changes in resin prices on a prospective basis. Due to fluctuations in resin prices, over time resin raw material costs are generally offset by the change in revenues, so that Altium Packaging’s gross margins return to the same level as prior to the change in prices. | 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 made significant gains in both group life and individual life business. | 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 Fund personal insurance business to ACE Limited and the downscaling of our retail business in Russia. | 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 currently no deferred acquisition costs being amortized under FAS 60 for fixed and variable payout annuities. | 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 are 100% vested. The contributions from NCRIC MSO for the years ended December 31, 2001, 2000, and 1999 were $67,000, $57,000, and $97,000. | 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 fluctuations in the Company's results of operations. Unvested benefits under the agent plans vest in January of each year; accordingly, in periods of general appreciation in the quoted price of UICI common stock, the Company's cumulative liability, and corresponding charge to income, for unvested stock-based compensation is expected to be greater in each successive quarter during any given year. | 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 intend to use these new criteria, there is a risk of allowing price competition to slip in by the back door. | 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 trends in income and expenses within Wholesale and International Banking. In 2002 these acquisitions contributed £101 million of income, and £102 million of operating expenses, including goodwill amortisation of £3 million, resulting in a loss before tax of £1 million. | 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 longer be amortized but will be subject to an impairment test at least annually. SFAS No. 142 is effective beginning January 1, 2002, with the initial effect of the standard reported as a first quarter 2002 cumulative effect of a change in accounting principle. | 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 commission, marketing expenses and the amortization of the premium deficiency for expected underwriting losses on the South Central business that was recorded in deferred policy acquisitions costs in 2007. Commissions decreased primarily as a result of the decline in premiums. The decrease in marketing expenses occurred primarily as a result of reducing the number of territory managers by expanding individual territory manager’s geographical area in order to become more efficient. Commissions are paid to the independent agents based upon premium writings. The marketing expenses are primarily salaries, telephone and travel expenses of our territory managers who oversee the efforts of the agents within a geographical area. Their time is focused on the supervision, relationship management and support of existing agents and recruiting new agents, as well as actively soliciting new business from these agents. Accordingly, these costs vary with and are primarily related to the acquisition of new and renewal insurance policies. The ratio of Policy acquisition costs to Net premiums earned was 17% and 18% for 2008 and 2007, respectively. | 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 distribution channels we are adding will partially offset business lost from client bankruptcies and a slowdown in consumer spending. Our strategy to partner with original equipment manufacturers is producing favorable results. We are benefiting from our Preneed partnership with SCI as they continue to add new funeral homes. | 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 populations when determining any annual salary increases for the executive Directors. | 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, eleven individual issues with combined book values of $121 million were written down to $32 million, creating a pre-tax charge of $89 million. Bonds of eight of the issuers were held at year end. Five of these issuers were delinquent in interest payments. The writedown was partially offset by net realized gains of $13 million on other investments. An analysis of the 2002 writedowns by industry sector at the date of writedown is as follows: | 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 Protocol www.ing.com/ar2017. This provides the definitions on performance indicators and describes the internal data collection process. | 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 March 2010, acknowledged that 934,576 shares of a nominal value of EUR 7.8769723 each have been created on 31 December 2009 and that it resulted in an increase in capital of a total nominal amount of EUR 7,361,629.26 to the benefit of the holders of OCEANEs. The Board of Directors also brought the necessary amendments to the bylaws provisions relating to the share capital and to the number of shares composing it. | 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 contracts negotiated and entered into may ultimately be determined to be unprofitable if utilization levels require the Company to deliver and provide services at capitation rates which do not account for or factor in such utilization levels. | 86 | 10K |
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