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2996
6,179
We amortize deferred policy acquisition costs and present value of future profits based on the related policy’s classification. For individual participating life insurance policies, deferred policy acquisition costs and present value of future profits are amortized in proportion to estimated gross margins. For universa...
107
10K
AvivaPLC-AR_2008
835
We are focusing our partner business on where there is both a genuine “moment of truth” and the right return. – A “moment of truth” occurs when there is a clear point in the buying process where purchasing insurance has a logical position at front of mind for the customer.
50
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2005
2,636
If another company acquires control of Munich Re or the Company’s group of shareholders changes significantly due to a merger or comparable transaction or business combination (”change in control”), all plan participants from the Munich Re Group may exercise their stock appreciation rights within 60 days after the chan...
68
annual_report
82
231
Initially, the Company will refund $46 million to customers specified in the agreement as soon as practicable, representing an average payment per household of $80.00, approximately 7.5 percent of premiums paid between November 8, 1988 and November 7, 1989. The remaining $32 million will be set aside for additional cus...
65
10K
1976
1,148
Reinsurance loss and LAE reserve estimates reflect the judgement of both the ceding companies and White Mountains, based on the experience and knowledge of their respective claims personnel, regarding the nature and value of the claims. The ceding companies may periodically adjust the amount of the case reserves as add...
130
10K
Sampoplc-AR_1999
10
May • Sampo Industrial conferred the ampo ln­ dusrrial Safety Award on Rauraruukki reel's Raahe steel mill for its highly versatile and succc sful training activities in several areas of i ndusrrial safety.
33
annual_report
nl_ing_grp-AR_2013
1,213
C.W. (CARIN) GORTER (Born 1963, Dutch nationality, female; appointed in 2013, term expires in 2017) Former member of the Monitoring Committee Dutch Banking Code and Senior Executive Vice-President Compliance, Legal and Security ABN AMRO Bank N.V. Other business activities: member of the Supervisory Board Cooperation of...
60
annual_report
20
546
The Company from time to time repurchases shares of its outstanding common stock in the open market or through negotiated purchases for the purpose of providing shares for use in the Company's Dividend Reinvestment and Common Stock Purchase Plan. The Company repurchased 7,000 shares and 10,000 shares for this purpose d...
87
10K
AvivaPLC-AR_2015
1,977
Services UK Limited and Aviva Life & Pensions UK Limited each of which are subsidiary companies of Aviva plc • The emoluments he received in respect of these directorships for the 2015 financial year were £107,105 and €64,058
38
annual_report
TrygAS-AR_2018
1,025
The impairment test shows a calculated value in use of approximately DKK 0.4bn (0.3bn) relative to a recognised goodwill of DKK 49m (51m) and Equity of DKK 0.2bn (0.2bn) and does not indicate any impairment in 2018. According to the sensitivity informations below a change in the required return rate will have the highs...
75
annual_report
StorebrandASA-AR_2012
112
Storebrand discontinued defined-benefit pensions in the public sector in Norway toward the end of 2012. Is it not a defeat to withdraw from a market that was formerly a high priority area? – no, it is the level of profitability that is decisive. the public sector pension market never opened up as we had hoped. It has n...
167
annual_report
Sampoplc-AR_2013
212
Mandatum Life helps companies in developing HR strategies and processes. Providing the right rewards is one way for companies to offer their employees an effective financial incentive that enhances their motivation and can also be used to supplement pension cover. Additionally, a responsible customer company can take c...
66
annual_report
3511
8,413
The Company undertakes various programs to reduce expenses. These programs generally involve a reduction in staffing levels, and in certain cases, office closures. Restructuring and related charges include employee termination and relocation benefits, and post-exit rent expenses in connection with these programs, and n...
112
10K
de_allianz-AR_2004
568
On the stock markets, 2004 was a year shaped by cautious optimism. Growing confidence in the continued recovery of the global economy helped to cultivate the market, but this was dampened some what by increasing oil prices and a comparatively strong euro to the dollar. The 2.5 % drop in our share price over the course ...
154
annual_report
1704
388
Inventories are stated at the lower of cost or market. Cost with respect to manufactured goods includes raw materials, direct and indirect labor and factory overhead. Approximately 46% of the total inventory cost was determined using the first-in-first-out (FIFO) method with the remainder valued using the last-in-first...
83
10K
gb_prudential-AR_2009
134
Going forward, we aim to build on our progress in the US in 2009 by maintaining our focus on value over volume and continuing to target the most profitable business. Our highly successful distribution model focuses on our industry-leading wholesaler teams, who offer genuine added-value to the independent financial advi...
86
annual_report
fr_axa-AR_2006
4,561
– Employers Liability insurance in Europe: this created exposure to asbestos-related claims, in particular on the UK market.
18
annual_report
3866
1,338
We do not use any special-purpose financing vehicles or have any undisclosed off-balance sheet arrangements (as that term is defined in applicable SEC rules) that are reasonably likely to have a current or future material effect on the company’s financial condition, results of operation, liquidity, capital expenditures...
71
10K
4736
1,424
The variable interest in a VIE generally involves one or more of the following: a financial guarantee policy issued to the VIE, a written credit derivative contract that references liabilities of the VIE or an investment in securities issued by the VIE. The impact of consolidating such VIEs on Ambac’s balance sheet is ...
204
10K
5082
960
The postretirement plan’s gross benefit payments for 2015 were $1.2 million, including the prescription drug benefits. The postretirement plan’s subsidy related to Medicare Prescription Drug Improvement and Modernization Act of 2003 was $0.3 million for 2015 and estimates future annual subsidies to be approximately $0....
46
10K
5714
1,394
In January 2017, the FASB issued authoritative guidance that removes Step 2 of the goodwill impairment test under current guidance, which requires a hypothetical purchase price allocation. The new guidance requires an impairment charge to be recognized for the amount by which the carrying amount exceeds the reported un...
97
10K
AegonNV-AR_2019
9,723
4 Please note, there is often no direct correlation between tax reported on earnings for any given year and amounts paid or received in tax. Part of the explanation for this is that certain tax-deductible items are not recognized in the Company’s profit & loss statement but directly in equity. Amount paid or received m...
97
annual_report
2121
10,102
In June 2002, GAFRI paid $48.5 million for Manhattan National Life Insurance Company ("MNL"), which no longer was writing new business, but had approximately 90,000 policies-in-force (primarily term life). GAFRI has reinsured 90% of this in-force business.
37
10K
4255
660
Commission and brokerage expenses decreased by 56.3% to $29.8 million in 2009 compared to $68.2 million in 2008. The variance was primarily due to the change in the mix of business written and additional cessions under the affiliated quota share agreement. Segment other underwriting expenses were $74.6 million and $64....
77
10K
ScorSE-AR_2008
3,781
As summarised in the preceding diagram, the SCOR Group’s internal control system is organised as follows: operating entities and their subsidiaries/branches provide an initial level of control over all operations under their organisational responsibility; the functional or transversal departments of SCOR Global P&C and...
107
annual_report
AdmiralGroupPLC-AR_2012
136
shareholders. We were, therefore, delighted to be named best large UK workplace by the Great Place to Work® Institute in 2012.
21
annual_report
4921
1,165
receipt of regulatory approvals required by the Acquisition may be subject to conditions, limitations and restrictions that could negatively impact the business and operations of the combined company;
28
10K
4088
886
The table below summarizes the average duration by type of fixed-maturity security as well as detailing the average yield as of December 31, 2009:
24
10K
AegonNV-AR_2001
1,157
Granted interest rate rebates amount to EUR 94 million (2000: EUR 61 million), almost entirely relating to the Dutch companies.
20
annual_report
NatixisSA-AR_2014
8,522
With more than 16,000 employees worldwide, Natixis, like any company, has an impact on the environment in terms of both resource consumption and the production of waste and carbon emissions. To reduce this impact, Natixis has adopted an environmental policy that rests on three pillars: managing buildings in an environm...
59
annual_report
AegonNV-AR_2019
2,311
When endorsed, the Supervisory Board will submit a proposal to the Shareholders to adopt the revised or new policy at a
21
annual_report
1714
1,239
On September 6, 2000, we acquired all the issued and outstanding capital stock of Compensation Resource Group ("CRG") for a total purchase price of $30.5 million consisting of the following: a cash payment to the CRG selling shareholders of $11.4 million, the issuance of 596,463 shares of our common stock, having an ag...
194
10K
AegonNV-AR_2014
174
The S&P 500 Index and the DAX in Germany continued to rise6 in 2014, whereas the FTSE 100 declined. Driven by the prospect of a more stimulative monetary policy in the eurozone7, - which was announced by the European Central Bank in January 2015 -, the euro lost ground against the US dollar (-11.1%) and the British pou...
65
annual_report
AvivaPLC-AR_2005
1,558
Expenses relating to these properties (19) (8) Gains on disposal 41 89 Fair value gains on investment properties 1,571 1,154
20
annual_report
BaloiseHoldingLtd-AR_2014
728
Measurement of the PSUs at their issue date is based on a Monte Carlo simulation, which calculates a present value for the payout expected at the end of the vesting period� This measurement incorporates the following parameters: → Interest rate of 1 per cent → The volatilities of all shares in the peer group and their ...
66
annual_report
4096
434
The following table shows the net premiums earned, the underwriting income (loss) before tax and the amount of favorable development on prior accident year unpaid losses and loss adjustment expenses ("Loss Reserves") included in the underwriting income (loss):
38
10K
4179
3,099
The amounts provided as Funds at Lloyd’s will be drawn upon and become a liability of the Company in the event of the syndicate declaring a loss at a level that cannot be funded from other
36
10K
5365
888
The outstanding principal balance of mortgage loans, by the most significant states, as of December 31, 2017 and 2016 are summarized as follows:
23
10K
105
459
Payment related to the commutation of the reinsurance subsidiary's catastrophe and aggregate excess of loss reinsurance treaties ... (686,962) - -
21
10K
TrygAS-AR_2007
1,029
by Danish investors. TrygVesta holds treasury shares corresponding to 0.53% of the share capital.
14
annual_report
4904
1,524
For the year ended December 31, 2014, 2013 and 2012 the increases (decreases) in the valuation allowances were $(0.4), $0.0 and $0.0, respectively. In 2014, 2013 and 2012 there were increases (decreases) of $(0.4), $67.6, and $0.0, respectively, in the valuation allowances that were allocated to operations. In 2014, 20...
69
10K
fr_axa-AR_2001
1,283
(1) Pro forma New French GAAP according to the new French Regulations that became effective on January 1, 2001, as if New French GAAP had been in force since January 1, 2000. The pro forma financial information was not subject to audit.
42
annual_report
2337
872
Discontinued results for the years ended December 31, 2003, 2002 and 2001 are as follows:
15
10K
gb_lloyds_banking_grp-AR_2016
3,948
NOTE 11: OPERATING EXPENSES continued Performance-based compensation The table below analyses the Group’s performance-based compensation costs between those relating to the current performance year and those relating to earlier years.
30
annual_report
5839
736
On June 21, 2019, we, as borrower, replaced our current line of credit with a new five-year Credit Agreement (Bank Credit Facility). The new Bank Credit Facility increased the amount available on this senior revolving credit facility to $225.0 million from $150.0 million. PNC Capital Markets, LLC and JPMorgan Chase Ban...
109
10K
ch_zurich_insurance_group-AR_2017
932
1 Consists of USD 49,114 million gross written premiums and policy fees as well as USD 2,892 million Farmers management fees and other related revenues in 2017. Farmers Group, Inc., a wholly owned subsidiary of Zurich Insurance Group, provides certain non-claims administrative and management services to the Farmers Exc...
65
annual_report
1129
177
As discussed above, on December 1, 1999, the Employee Benefits segment entered into a reinsurance transaction with AH&L NY. The results below reflect the operations for the Employee Benefits segment for the month of December:
35
10K
5465
780
Commercial Lines underwriting loss for the year ended December 31, 2016 was $122.0 million, compared to $12.7 million for the year ended December 31, 2015, a change of $109.3 million. Unfavorable development on prior years’ loss reserves for the year ended December 31, 2016 was $223.0 million, compared to $45.2 million...
200
10K
5560
916
With respect to corporate activities, SORC has relied on Alleghany almost entirely to support its operations. From its formation in 2011 through December 31, 2018, we have invested $267.7 million in SORC.
32
10K
HannoverRueckSE-AR_2017
1,190
The average default rate from retrocessions over the past four years was 0.06%.
13
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011
873
last but not least, in many countries we also work closely with governments and specialist insurance providers on such projects as setting up catastrophe funds for property risks. the most recent example is an insurance solution devised by munich re for the mexican government to cover infrastructure damage from natural...
51
annual_report
4072
1,267
In 2008, the Board adopted, and the stockholders approved, the Transatlantic Holdings, Inc. 2008 Non-Employee Directors' Stock Plan (the "Non-Employee Directors' Plan"). The Non-Employee Directors' Plan provides that equity-based or equity-related awards can be granted to non-employee directors as determined by the Com...
92
10K
494
438
Activity in the liability for medical and other benefits payable is as follows: Years Ended December 31, -------------------------------------- 1996 1995 1994 --------- --------- --------- (In thousands)
26
10K
4513
1,331
(7) Represents the sum of funds held under deposit contracts, future policy benefits and policy and contract claims on the consolidated balance sheets, excluding other policyholder related liabilities and reinsurance recoverables of $232.9 and $234.3 as of December 31, 2011 and 2010, respectively.
43
10K
fr_axa-AR_2015
8,712
Company Ltd; ■ respectively €74 million and €60 million increases in capital of
13
annual_report
gb_lloyds_banking_grp-AR_2014
5,727
Performance bonds and other transaction‑related contingencies 2,293 – 2,293 1,966 – 1,966
12
annual_report
2076
1,461
During 2002, CFC's ability to access the securitization markets was eliminated. The securitization markets are CFC's main source of funding for loans made to purchasers of repossessed manufactured homes. CFC believes that its loss severity rates were
37
10K
LloydsBankingGroupPLC-AR_2011
1,880
the group has invested considerable resource to ensure that it satisfies the governance, reporting and stress testing requirements of the FsA’s new iLAs liquidity regime. the group has noted the industry move towards strategic balance sheet measures of the funding profile and has started to monitor and forecast the gro...
122
annual_report
3705
1,174
In December 2007, the FASB issued SFAS No. 141 (revised 2007), Business Combinations (“SFAS 141R”). SFAS 141R establishes principles and requirements for how an acquirer recognizes and measures in its financial statements the identifiable assets acquired, the liabilities assumed, any noncontrolling interest in the acqu...
95
10K
4808
4,933
At December 31, 2013 and 2012, we had net deferred tax liabilities of $116 million and $613 million, respectively, related to foreign subsidiaries, state and local tax jurisdictions, and certain domestic subsidiaries that file separate tax returns.
37
10K
4230
2,205
We use our private placement and asset-backed portfolios to enhance the diversification and yield of our overall fixed maturity portfolio. Within our domestic portfolios, we maintain a private fixed income portfolio that is larger than the industry average as a percentage of total fixed income holdings. Over the last s...
98
10K
3953
776
In addition, the amount of income taxes paid is subject to audits in various jurisdictions. Tax benefits are recognized for book purposes when the more-likely-than-not threshold is met with regard to the validity of an uncertain tax position. Once this threshold is met, for each uncertain tax position, we recognize in ...
84
10K
de_allianz-AR_2009
3,009
Three years later 20,119 22,058 21,568 Four years later 22,926 24,807 Five years later 25,145 Liabilities re-estimated as of
19
annual_report
ch_zurich_insurance_group-AR_2007
1,119
Total equity increased to USD 29.2 billion as of December 31, 2007, a 12 percent increase driven by net income after taxes, which more than offset the impact from treasury share transactions and dividends paid to shareholders.
37
annual_report
5329
2,552
In April 2012, our Board of Directors adopted, and in September 2012 our shareholders approved, the Company’s 2012 Stock Incentive Plan (the “2012 Plan”). The 2012 Plan permits the issuance of up to 1,000,000 shares of our common stock, subject to adjustment as provided for in the 2012 Plan, in connection with the gran...
109
10K
NatixisSA-AR_2009
3,960
The amount recognized as a provision should be the best estimate of the expenditure required to settle the present obligation at the reporting date. This amount is discounted when the effect of discounting is material. Provisions are reviewed at each reporting date and adjusted if necessary.
46
annual_report
AegonNV-AR_2006
247
He served as executive vice-president and chief operating offi cer, chief fi nancial offi cer and director of tax and was appointed in
23
annual_report
3047
1,456
We present assets and liabilities gross of reinsurance. The residual market receivable represents the gross amount of reinsurance recoverable from CAR, including unpaid losses, unearned premiums, paid losses recoverable and unpaid ceded and assumed premiums.
35
10K
4782
1,917
This segment uses reinsurance in several of its product lines to help mitigate risk and to allow for a higher level of volume of sales and profitability. The disability products offered by this segment have significant reinsurance, while the segment does not reinsure its dental products. Reinsurance ceded premiums were...
98
10K
2379
893
The combined ratio increased 14.4 points in 2003 as compared with 2002. The loss ratio increased 16.1 points due principally to increased unfavorable net prior year development, as discussed below. Additionally, the loss ratio was negatively impacted by a $77.0 million increase in the bad debt provision for reinsurance...
138
10K
2032
256
As of December 31, 2002, 2001 and 2000, American International Group, Inc. (AIG, and collectively, with its subsidiaries, the AIG Group) beneficially owned approximately 60% of the Company's outstanding shares. Financial data discussed below have been affected by certain transactions between TRH and the AIG Group. (See...
58
10K
DirectLineInsuranceGroupPLC-AR_2019
1,296
Shareholder and Stakeholder relations The Group’s five-pillar sustainability strategy, endorsed by the Board, aims to foster the highest standards of ESG practice and to deliver long-term sustainability for all of our stakeholders. In taking decisions, the Directors carefully consider the balance of interests of the st...
60
annual_report
1434
72
The Corporate and Other segment consists of net investment income and expenses not identified with the preceding business segments. Pretax earnings in 2000 increased $0.2 million over 1999, primarily due to increased net investment income on capital.
37
10K
5831
1,537
•after the commutation of ceded reinsurance contracts, any subsequent adverse development in the re-assumed loss reserves will result in a charge to earnings;
23
10K
2719
348
RLNY is a stock life insurance company domiciled in the State of New York and provides financial products and services in the United States. RLNY is authorized to conduct its insurance business in the District of Columbia and all states.
40
10K
NatixisSA-AR_2017
5,776
Financial liabilities designated under the fair value option through profit or loss 51
13
annual_report
5886
565
As of December 31, 2020, the average investment yields assumed (excluding policy loans) were 4.6% grading to 4.3% in 2025. Estimated gross margins include anticipated premiums and investment results less claims and administrative expenses, changes in the net level premium reserve and expected annual policyholder divide...
172
10K
5943
1,397
For our collateral assets that are generally invested in cash and cash equivalents and U.S. Treasuries and foreign equivalents, the significant reduction in interest rates for these asset classes will reduce our expected net investment income from this portion of our investment portfolio.
43
10K
4989
1,697
Other net investment income decreased by $112 million. This decrease was driven by an increase in the amount credited to the segments due to growth in the economic capital managed by Corporate & Other on their behalf, the adverse impact of the sustained low interest rate environment on yields from our fixed maturity se...
86
10K
RSAInsuranceGroupPLC-AR_2015
3,702
Claims Ratio (Loss Ratio) • Percentage of Net Earned Premiums which is paid out in claims and Claims Handling Expenses.
20
annual_report
5957
1,390
As of December 31, 2020, future maturities of stable value products were as follows:
14
10K
BaloiseHoldingLtd-AR_2006
686
(2005: CHF 127.9 million) while premiums according to IFRS accounting gained 7.5% to reach CHF 137.5 million (2005: CHF 127.9 million). In the medical practitioner’s segment, where we hold an especially strong position in both Austria and Croatia, we again achieved double-digit growth. The Croatian Basler Osiguranje se...
97
annual_report
LloydsBankingGroupPLC-AR_2003
351
Other operating income increased by £55 million, or 8 per cent, to £763 million. Increases of £25 million in earnings on the sale and restructuring of emerging markets debt investments and £111 million in operating lease rentals, largely as a result of the acquisition of First National Vehicle Holdings and Abbey Nation...
88
annual_report
PosteItalianeSpA-AR_2017
3,740
Balance at 31 December 2017 of which attributable to BancoPosta RFC
11
annual_report
NatixisSA-AR_2008
470
In accordance with regulations in force, the Supervisory Board authorized a certain number of regulated contracts prior to their signature. These were: During its March 5, 2008 meeting: the contractual documentation in relation to the €25 billion ■
38
annual_report
INGGroepNV-AR_2019
2,408
In principle, in the event of an involuntary exit, the Executive Board member is eligible for a severance payment. If termination of the contract is based on mutual agreement, the Executive
31
annual_report
5144
554
This document at times will refer to the Registrant's largest shareholder, Mr. Jesse T. Correll and certain companies controlled by Mr. Correll. Mr. Correll holds a majority ownership of First Southern Funding, LLC ("FSF"), a Kentucky corporation, and First Southern Bancorp, Inc. ("FSBI"), a financial services holding ...
122
10K
gb_prudential-AR_2014
5,023
New business strain* (18) (15) (18) Business in force 1,021 974 884 Non-recurrent itemsnote (ii) 49 44 41 * The IFRS new business strain corresponds to approximately 1 per cent of new business APE premiums for 2014 (2013: approximately 1 per cent of new business APE).
46
annual_report
ScorSE-AR_2020
4,003
Unrealized revaluations and temporary differences on investments (36) (3) (68) (4) (1) (112) (4) (38) (12) 10 (156)
18
annual_report
gb_lloyds_banking_grp-AR_2001
1,319
The eventual cost of providing the enhanced benefits is dependent upon a number of factors, including in particular: • The proportion of policyholders with a guaranteed annuity option policy who choose to exercise their options; • The effect of future interest rate and mortality trends on the cost of annuities; and
51
annual_report
NatixisSA-AR_2005
610
Natexis Private Equity Natexis Private Equity remained very active in the areas of expansion capital and buy-out/buy-in financing. It also contributed to a surge in the venture capital market, carrying out successful exits from the portfolios of its specialized subsidiaries.
40
annual_report
4050
533
Consolidated Statements of Cash Flows for the years ended December 31, 2009, 2008, and 2007
15
10K
4239
730
Assuming that we have liability for all claims, even though the issue of liability may, in some cases, be resolved in our favor.
23
10K
4245
1,779
As a result of adopting FASB issued guidance on January 1, 2006, the Company’s loss from continuing operations before provision for income tax benefit and net loss for 2009 are higher by approximately $425,000 and $265,000, respectively, than if it had continued to account for share-based compensation under APB guidanc...
50
10K
de_allianz-AR_2003
3,135
_ issuing 1 Allianz AG share, or other equivalent equity instrument(s), per RSU to the beneficiaries.
16
annual_report
4657
6,577
The Company manages its exposure to credit risk by utilizing highly rated counterparties, establishing risk control limits, executing legally enforceable master netting agreements (“MNAs”) and obtaining collateral where appropriate. The Company uses MNAs for OTC derivative transactions that permit either party to net p...
150
10K
INGGroepNV-AR_2018
3,704
Most group companies sponsor defined contribution pension plans. The assets of all ING Group’s defined contribution plans are held in independently administered funds. Contributions are generally determined as a percentage of remuneration. For the defined contribution scheme in the
39
annual_report
NatixisSA-AR_2019
6,220
The information presented takes into account the impact of offsetting carried out in accordance with IAS 32 (see Note 8.3).(a)
20
annual_report
4005
1,825
The Company monitors the performance of its operations in three segments, Non-life, Life and Corporate and Other. The Non-life segment is further divided into five sub-segments: U.S., Global (Non-U.S.) P&C, Global (Non-U.S.) Specialty, Catastrophe and Paris Re.
37
10K
2076
1,133
SFAS 138 requires all derivative instruments to be recorded on the balance sheet at estimated fair value. Changes in the fair value of derivative instruments are to be recorded each period either in current earnings or other comprehensive income (loss), depending on whether a derivative is designated as part of a hedge...
107
10K