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fr_axa-AR_2003
1,066
AXA seeks to enhance employee motivation and performance in line with company-level strategic objectives and in accordance with AXA values: professionalism – innovation – pragmatism – team spirit – integrity. In support of these aims, the AXA management style encourages: Quality information on key priorities: Employees...
57
annual_report
2196
1,143
investments and the credited interest rates paid on outstanding policies. Both rising and declining interest rates can negatively affect spread income. Although we develop and maintain asset/liability management programs and procedures designed to preserve spread income in rising or falling interest rate environments, ...
52
10K
5622
1,303
General and administrative expenses consist primarily of salaries and benefits and related costs, including costs associated with our incentive compensation plan, bonuses and stock compensation expenses. General and administrative expenses also include professional fees, travel and entertainment, information technology...
117
10K
5022
970
The Company incurs costs in connection with the acquisition of new and renewal insurance business. Costs that vary directly with and relate to the successful production of new business are deferred as DAC. These costs consist primarily of commissions, costs associated with the Company’s sales representatives and policy...
140
10K
5237
1,718
Ceding commission income. Our ceding commission income increased by $1.6 million from $42.7 million for the year ended December 31, 2015 to $44.3 million for the year ended December 31, 2016, driven by an increase attributable to the acquisition of Century-National, partially offset by an increase to the sliding scale ...
67
10K
5175
771
The economic impact of option performance in the Company's financial statements is not generally determined solely by the option gain or loss included in net investment income as there is a corresponding amount recorded in the contract interest expense line. Rather, the Company's profitability with respect to these opt...
121
10K
HelvetiaHoldingAG-AR_2001
993
• Benchmark index An index used as a point of reference to measure the performance of a particular portfolio.
19
annual_report
INGGroepNV-AR_2010
908
• The shareholder approval requirements for equity compensation plans under Dutch law and the Corporate Governance Code differ from those applicable to US companies which are subject to the NYSE’s listing rules. Under Dutch company law and the Corporate Governance Code, shareholder approval is only required for equity ...
73
annual_report
4519
761
In November, 2011, U.A.I. (Luxembourg) Investment S.à.r.l. issued a $100.0 million demand line of credit to Global Indemnity (Cayman) Ltd. which bears interest at 1.2%. The proceeds of the line were loaned from Global Indemnity (Cayman) Ltd. to Global Indemnity plc, bearing interest at 1.2%, to fund purchases of the Co...
136
10K
2909
7,889
The Company's estimates of losses for Hurricanes Katrina, Rita and Wilma are generally based on claim adjuster inspections and the application of historical loss development factors. However, in areas where the Company has reason to believe that its historical loss development factors may not be predictive, the Company...
90
10K
4430
1,571
As of December 31, 2011, the future minimum lease payments (principally for leased office space) under various long-term operating leases were as follows:
23
10K
PowszechnyZakladUbezpieczenSA-AR_2019
316
From the perspective of operation of the PZU Group and execution of PZU’s parent obligations the amendment of Article 105 sec. 1 of the Banking Law Act of 29 August 1997 was desirable. In accordance with this regulation the bank is obligated to provide the insurance undertaking with information constituting banking sec...
116
annual_report
2216
827
For certain catastrophic events, there is considerable uncertainty underlying the assumptions and associated estimated reserves for losses and LAE. Reserves are reviewed regularly and, as experience develops and additional information becomes known, including revised industry estimates of the magnitude of a catastrophe...
50
10K
SwissLifeHoldingAG-AR_2016
541
No additional fees and compensation were paid to members of governing bodies in the year under review.
17
annual_report
5817
627
Gross written premiums increased by 7.3% to $7,053.1 million in 2019, compared to $6,573.7 million in 2018, reflecting a $445.7 million, or 22.2%, increase in our insurance business and a $33.7 million, or 0.7%, increase in our reinsurance business. The rise in insurance premiums was primarily due to increases in many ...
198
10K
HiscoxLtd-AR_2016
581
DirectAsia In March 2014, the Group acquired Direct Asia Insurance (Holdings) Pte Ltd (‘DirectAsia’). Having disposed of its insurance business in Hong Kong, DirectAsia underwrites through a subsidiary in Singapore and an agency in Thailand. Its primary business is motor insurance, with ancillary lines in travel, perso...
68
annual_report
gb_prudential-AR_2012
4,167
(v) Maturity analysis The following table sets out the contractual maturity analysis of the Group’s operational borrowings attributable to shareholder-fi nanced operations: Less than 1 year 1,920 3,169 1 to 2 years 6 140 2 to 3 years 309 10 3 to 4 years 9 10 4 to 5 years 1 11 Over 5 years – –
57
annual_report
AvivaPLC-AR_2015
3,758
Changes in UPR recognised as an (income)/expense 125 8 Gross portfolio transfers and acquisitions — (31) Foreign exchange rate movements (184) (96)
22
annual_report
BaloiseHoldingLtd-AR_2017
2,776
in 2017, 84.9 per cent of the shares in the listed company pax anlage aG, Basel, were purchased. pax anlage aG’s wholly owned subsidiary pax Wohnbauten aG (since 3 July 2017 Baloise Wohnbauten aG) has a real-estate portfolio comprising investment properties and development projects. the intention is for the development...
80
annual_report
HelvetiaHoldingAG-AR_2011
513
Even though the assessment of the objective attainment is prescribed in a matrix, the Board of Directors can deviate from the objectively calculated overall degree of objective attainment in justified cases.
31
annual_report
5049
854
Under the authorization from the Company’s Board of Directors, shares may be purchased from time to time, at the Company’s discretion and subject to the availability of stock, market conditions, the trading price of the stock, alternative uses for capital, the Company’s financial performance and other potential factors...
103
10K
1017
256
Policy acquisition and other issue costs were $16.1 million, $14.3 million and $17.4 million for 1998, 1997 and 1996 respectively. These costs as a percentage of earned premiums were 30.8%, 24.8% and 28.5% in 1998, 1997 and 1996, respectively. The rise in the percentage for 1998 is the result of two major factors. Prio...
208
10K
4806
687
OTTI losses are recorded in the consolidated statements of income and comprehensive income as net realized losses on investments and result in a permanent reduction of the cost basis of the underlying investment. The determination of OTTI is a subjective process and different judgments and assumptions could affect the ...
159
10K
RaiffeisenBankInternationalAG-AR_2018
948
The number of business outlets fell by 16 year-on-year to 962, largely due to closures in Romania. The cost/income ratio improved from 57.0 to 53.9 per cent.
27
annual_report
PowszechnyZakladUbezpieczenSA-AR_2020
1,951
Additional interest rate cuts served as another key element intended to stimulate economies across the world. The first central bank to take such a step as early as in 2019 was the central bank of China – the country where the pandemic began. However, global investors set their eyes chiefly on the measures adopted by t...
73
annual_report
2381
740
It is important to understand the Company's accounting policies in order to understand its financial position and results of operations. Management considers certain of these policies to be critical to the presentation of the financial results since they require management to make estimates and assumptions. These estim...
117
10K
ch_zurich_insurance_group-AR_2019
1,866
Market risk 33 Market risk – the risk associated with the Group’s balance sheet positions where the value or cash flow depends on financial markets, which is analyzed in the ‘market risk, including investment credit risk’ section
37
annual_report
StandardLifeAberdeenPLC-AR_2019
1,710
– Voluntary turnover within the Company remains ahead of the benchmark at 9.7% – Implementation of an integrated HR system
20
annual_report
220
367
($ in thousands) 1995 1994 1993 -------- -------- -------- Premiums earned ............................ $ 35,826 $ 37,256 $ 33,324 Losses and settlement expenses ............. 23,744 30,565 27,872 Other expenses ............................. 11,584 11,408 11,492 -------- -------- -------- Underwriting gain (loss) ........
141
10K
2034
1,231
On August 23, 2002, we issued $375.0 of senior notes with a coupon of 7.250% that mature in 2012. The majority of the proceeds of the notes were used for the repayment of $299.0 of commercial paper borrowings, $18.7 for the termination of related interest rate swaps and $28.4 for repayment of medium-term notes. The rem...
124
10K
5641
670
Results of operations include the accounts of The Hanover Insurance Company (“Hanover Insurance”) and Citizens Insurance Company of America (“Citizens”), our principal property and casualty companies; and certain other insurance and non-insurance subsidiaries. Our results of operations also include the results of our d...
161
10K
DirectLineInsuranceGroupPLC-AR_2013
1,936
Deferred Annual Incentive Plan The table below details the deferred share awards to be granted to Paul Geddes and John Reizenstein in respect of the 2013 financial year. These awards are not subject to any conditions other than continuous employment.
40
annual_report
2152
837
At December 31, 2003, the carrying value of the general account fixed maturities was $28,678.0 million, representing 75.3% of the total investment portfolio. The net unrealized gain of this fixed maturity portfolio was $1,114.0 million, comprising gross unrealized gains of $1,237.0 million and gross unrealized losses o...
112
10K
fr_axa-AR_2000
2,963
Assets allocated to UK with-profit contracts, for which the policyholder participates in the investment return under the contract terms (refer to “Liabilities for insurance benefits and claims”), are reported at estimated fair value, with the change in estimated fair value of such assets recorded in income leading to a...
55
annual_report
AvivaPLC-AR_2014
3,375
(i) Guaranteed annuity options Similar options to those written in the with-profit fund have been written in relation to non-profit products. Provision for these guarantees does not materially differ from a provision based on a market-consistent stochastic model, and amounts to £33 million at 31 December 2014 (2013: £3...
50
annual_report
4070
534
GAP losses and LAE increased 4.2%, or $245,815, to $6,034,697 in 2009 from $5,788,882 a year ago. The increase in losses was primarily caused by an increase in both frequency and severity of losses for the majority of our GAP customers which was partially offset by a decrease in losses as a result of the decline in pre...
85
10K
4464
677
Our Consolidated Balance Sheets include significant amounts of derivative contract liabilities that are measured at fair value. Our significant derivative contract exposures are concentrated in credit default and equity index put option contracts. These contracts were primarily entered into in over-the-counter markets ...
193
10K
gb_prudential-AR_2004
289
Insurance business: Fund management business: US broker-dealer and fund management (14) (3) (367)% (14) (3) (367)%
16
annual_report
2583
1,162
In August 2004, the Company entered into a settlement with the SEC and the New York Attorney General (the "NYAG") concerning their joint investigation into market timing in variable annuities issued by a former subsidiary of Old Conseco. Without admitting or denying the alleged findings of the investigation, the Compan...
134
10K
NatixisSA-AR_2014
9,149
The share capital has been set at €4,991,395,425.60, divided into 3,119,622,141 fully paid-up shares of €1.60 each.
17
annual_report
3950
1,089
Insurance margins (insurance policy income less insurance policy benefits) related to life products were $(14.7) million, $3.6 million and $(.2) million in 2009, 2008 and 2007, respectively. Such fluctuations were primarily due to changes in mortality. Earnings on our universal life products, which comprise a significa...
90
10K
5380
1,053
Ambac records as a component of its loss reserve estimate, subrogation recoveries related to securitized loans in RMBS transactions that breached certain representations and warranties described herein. Generally, the sponsor of a RMBS transaction provided representations and warranties with respect to the securitized ...
275
10K
3070
221
Contractholder deposits decreased 12.7% in 2005 compared to 2004 due to lower deposits on fixed annuities. Fixed annuity deposits declined 19.1% in 2005 as lower deposits on traditional deferred fixed annuities and market value adjusted annuities were partially offset by increased deposits on immediate annuities withou...
98
10K
1936
1,180
As adjusted for the elimination of goodwill amortization under SFAS No. 142, as if adopted on January 1, 2001.
19
10K
PosteItalianeSpA-AR_2015
5,000
Responsibility for coordinating and managing the investment strategy and the hedging of capital market risks has been assigned to the Parent Company’s Coordination of Investment Management function, which aims to ensure a uniform approach across the Group’s various financial entities. Treasury management for the
44
annual_report
5714
1,355
A reduction of the net carrying amount of deferred tax assets by establishing a valuation allowance is required if, based on the available evidence, it is more likely than not that such assets will not be realized. In assessing the need for a valuation allowance, all available evidence, both positive and negative, shal...
80
10K
AegonNV-AR_2011
1,646
AEGON-CNOOC shares its morbidity and mortality risk with some international and national reinsurers. The mortality risk of individual products is shared through a surplus reinsurance structure. Most of the morbidity risks are taken by Gen Re and
37
annual_report
ScorSE-AR_2009
3,108
Senior management pension obligations (Article 39): The valuation of the reserve for senior management pension obligations is based on the following actuarial assumptions: Discount rate: 5.20% based on IBoxx EUR Corporate AA bonds 10Y+ rates at 31 December 2009
39
annual_report
NatixisSA-AR_2018
2,705
The internal rating mechanism is based on: internal rating methodologies specific to the various Basela asset classes and consistent with Natixis’ risk profile; there is a unique rating procedure and methodology for each asset class; an IT system used for managing the successive stages of thea rating process, from the ...
111
annual_report
4066
1,377
With respect to the 2005-2007 performance cycle, 400,000 performance shares were originally granted to employees. Due to the impact of severe hurricane losses on our 2005 results, the estimated harvest ratio for this performance cycle was reduced to zero during 2005 and such performance shares were formally cancelled w...
74
10K
NatwestGroupPLC-AR_2010
4,627
The UK authorised banks in the Group include the Royal Bank, NatWest, Coutts & Co and Ulster Bank Limited. Wholesale activities, other than Group Treasury activities, are concentrated in the Group's Global Banking & Markets and UK Corporate divisions, and are undertaken under the names of the Royal Bank and NatWest. UK...
135
annual_report
5631
431
Equity securities primarily include common stocks, exchange traded and mutual funds, non-redeemable preferred stocks and real estate investment trust equity investments. Certain exchange traded and mutual funds have fixed income securities as their underlying investments. The equity securities portfolio was $1.33 billi...
47
10K
5076
916
As of December 31, 2015 and 2014, the Company had shares outstanding of Series A Preferred Stock. As of December 31, 2014, the Company had shares outstanding of Series M Preferred Stock and the remaining outstanding shares were retired and cancelled during
42
10K
917
1,596
On October 15, 1998, The Hartford's Board of Directors approved a 5% increase in the quarterly dividend to $0.22 per share, payable January 4, 1999 to shareholders of record as of December 1, 1998.
34
10K
2925
869
AIG’s Foreign General Insurance group accepts risks primarily underwritten through American International Underwriters (AIU), a marketing unit consisting of wholly owned agencies and insurance companies. The Foreign General Insurance group also includes business written by AIG’s foreign-based insurance subsidiaries. Th...
83
10K
gb_prudential-AR_2008
2,138
Shareholders’ transfers post tax (284) – (23) (307) Investment-related items and other movements (16,331) (4,552) (4,293) (25,176) Foreign exchange translation differences (2,481) 12,753 5,589 15,861
25
annual_report
3947
1,764
For the purpose of ASC 825 disclosure, we estimate the fair value for liabilities of investment contracts and annuities. We also estimate the fair value for assets arising from policyholder loans on insurance contracts. These estimates are developed using discounted cash flow calculations across a wide range of economi...
68
10K
3130
905
Certain of our reinsurance payable balances contain embedded derivatives as defined in SFAS No. 133 Implementation Issue No. B36, "Embedded Derivatives: Modified Coinsurance Arrangements and Debt Instruments that Incorporate Credit Risk Exposures that are Unrelated or Only Partially Related to the Creditworthiness of t...
155
10K
1200
427
At December 31, 1999 and 1998, net unrealized (depreciation) appreciation of $(247.8) million and $496.9 million, respectively, on available-for-sale debt securities included $(189.7) million and $355.8 million, respectively, related to experience-rated contracts, which were not reflected in shareholder's equity but in...
43
10K
SwissLifeHoldingAG-AR_2004
1
Financial Statements 69 Index to the Financial Statements 71 Consolidated Financial Statements 71 Consolidated Statement of Income 72 Consolidated Balance Sheet 74 Consolidated Statement of Cash Flow 76 Consolidated Statement of Changes in Equity 79 Notes to the Consolidated Financial Statements 147 Report of the Group...
63
annual_report
5321
4,229
In November 2015, MetLife, Inc. issued $500 million of senior notes due in November 2025 which bear interest at a fixed rate of 3.60%, payable semi-annually. Also in November 2015, MetLife, Inc. issued $750 million of senior notes due in May 2046 which bear interest at a fixed rate of 4.60%, payable semi-annually. In c...
81
10K
4083
867
In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of Great-West Life & Annuity Insurance Company and subsidiaries as of December 31, 2009 and 2008, and the results of their operations and their cash flows for each of the three years in the period end...
101
10K
AegonNV-AR_2014
1,145
Life’, which are written by Aegon Ireland plc, and the product guarantees within Investment Control and Income for Life, which are reinsured to Aegon Ireland plc, all Aegon UK contracts with investment guarantees are written in policyholder-owned funds
38
annual_report
1399
656
Valley's net results should begin to reflect its underwriting operations, in addition to the expenses related to the deployment of technology platforms described in the Liquidity and Capital Resources section.
30
10K
NatwestGroupPLC-AR_2013
3,687
Risk management Frameworks and processes common to both traded and non-traded market risk management are described in this sub-section. Separate subsections on traded and non-traded market risk follow, which provide more detailed information specific to the management and measurement of these two risk types.
44
annual_report
5884
559
(1)IBNR represents an estimate of benefits payable for claims incurred but not reported (IBNR) at the balance sheet date and includes unprocessed claim inventories. The level of IBNR is primarily impacted by membership levels, medical claim trends and the receipt cycle time, which represents the length of time between ...
74
10K
DirectLineInsuranceGroupPLC-AR_2018
220
Eight brands so that our customers can choose the proposition that suits them
13
annual_report
1891
446
Operating income from this segment represented 3.3%, 2.6%, and (1.1)%, of our total operating income for the years ending December 31, 2002, 2001 and 2000, respectively. Our operating income from this segment increased to $62 million in 2002, an increase of $10 million from 2001 operating income of $52 million. Operati...
75
10K
5839
714
This discussion addresses claims and claim adjustment expenses as disclosed above. The amounts reported in the table are presented on a nominal basis, have not been discounted and represent the estimated timing of future payments for both reported and unreported claims incurred and related claim adjustment expenses. Bo...
226
10K
NatwestGroupPLC-AR_2020
3,816
(7) LAC value of senior unsecured debt securities issued by NatWest Group plc reflects par value for 31 December 2020 vs balance sheet value for 31 December 2019.
28
annual_report
StandardLifeAberdeenPLC-AR_2009
1,101
Rental yields are derived from rental income on our actual portfolio of Property (with three month lag) and a long-term best estimate.
22
annual_report
NatixisSA-AR_2018
11,160
Abroad, Natixis in Milan has also implemented a bicycle courier service.
11
annual_report
DirectLineInsuranceGroupPLC-AR_2020
3,514
Return on plan assets excluding amounts included in the net interest on the defined benefit asset 9.0 4.4 (3.5) 1.0 13.7
21
annual_report
StorebrandASA-AR_2015
593
The return for customers in 2015 was 4.1 per cent for the largest portfolio of defined contribution pensions and 5.2 per cent for guaranteed pension products in Norway. The return is marked by the fact that we are experiencing historically low interest rate levels in Norway and the rest of Europe. Storebrand has adapte...
149
annual_report
4751
1,418
The conditional approvals also include certain additional conditions, limitations and reporting requirements that we anticipate will be included in the GSEs' final Eligibility Requirements, such as limits on costs allocated to NMIC under affiliate expense sharing arrangements, risk concentration, rates of return, requi...
87
10K
fr_axa-AR_2011
11,791
Society, which raises awareness for young students on the tropical forest ecosystem in Gabon.
14
annual_report
4222
1,224
We continually update loss reserve estimates as new information becomes known, new loss patterns emerge, or as other contributing factors are considered and incorporated into the analysis of reserve for claim losses. A substantial portion of our reserve for claim losses is attributable to title insurance operations. Es...
141
10K
5582
784
In general, a change in assumption that improves the Company’s expectations regarding EGP is going to have the effect of deferring the amortization of DAC into the future, thus increasing earnings and the current DAC balance. DAC can be no greater than the initial DAC balance plus interest and would be subject to recov...
125
10K
SwissReAG-AR_2004
1,621
 Clear accountability: Swiss Re operates on the principle of delegated authority. Business units are accountable for the risks they take and their incentives are aligned with Swiss Re’s overall business objectives.
32
annual_report
StandardLifeAberdeenPLC-AR_2019
368
This is the second year we have disclosed a gender pay gap. Progress has been slow and this pace of change does not meet our aspirations. We are carrying out in-depth analysis to understand where we should be prioritising efforts to make a sustainable and significant change.
47
annual_report
TrygAS-AR_2017
492
The variable pay element consists of a Matching Shares Programme. The Executive Board may, using taxed funds, buy shares (so-called investment shares) in Tryg A/S at market price for a predefined amount, which is dependent on the member’s performance for the fiscal year. Four years after the purchase, Tryg will grant o...
124
annual_report
5816
262
As a smaller reporting company, we have elected to comply with certain scaled disclosure reporting obligations, and therefore are not providing the information required by this Item.
27
10K
HelvetiaHoldingAG-AR_2015
2,708
(CHF 24.7 million). The goodwill represents the expected potential for added value and synergies arising from the combination of the two groups.
22
annual_report
ch_zurich_insurance_group-AR_2008
2,921
Business Review 2008 The Business Review contains information about Zurich’s products, services and business performance, including a short summary of fi nancial information. It is available in German, French and English.
31
annual_report
RSAInsuranceGroupPLC-AR_2014
662
Trustee dialogue on future action • Tactical actions to mitigate reduction in yields • Defensive positioning to challenged Eurozone economies
20
annual_report
4148
1,450
In January 2009, the FASB revised the Investments - Other Topic of the FASB ASC in order to eliminate the requirement for holders of beneficial interests to estimate cash flow using a market participant’s assumptions regarding current information and events in determining the current fair value of the security. The rev...
108
10K
de_allianz-AR_2003
2,158
Expenditures to restore the future economic benefit are capitalized if they extend the useful, as are improvements. Costs for repairs and maintenance are expensed. An impairment loss is recognized when the recoverable amount of these assets is less than their carrying amount.
42
annual_report
TrygAS-AR_2006
798
In addition to the provisions for claims, the provision for pension obligations in Norway is affected by changes in interest rates. A 1% increase in the discounting rate would cause the pension obligation to drop by DKK 163m. However, such changes do not affect results, as they are recognised in equity.
51
annual_report
DirectLineInsuranceGroupPLC-AR_2017
622
Earnings per share Basic earnings per share were 31.8 pence (2016: 20.4 pence) reflecting the increase in profit after tax.
20
annual_report
4801
843
FBL Financial Group, Inc. (we or the Company) operates predominantly in the life insurance industry through its principal subsidiary, Farm Bureau Life Insurance Company (Farm Bureau Life). Farm Bureau Life markets individual life insurance policies and annuity contracts to Farm Bureau members and other individuals and ...
122
10K
StandardLifeAberdeenPLC-AR_2014
1,690
IFRSs adopted in the period. Refer to Group accounting policies – (a) Basis of preparation. 2 Cash and cash equivalents at the end of the year include cash and cash equivalents in respect of operations held for sale. Refer to Note 28 – Cash and cash equivalents for reconciliation to consolidated statement of financial ...
55
annual_report
SwissReCorporateSolutions-AR_2017
668
13 Obligations towards employee pension fund As of 31 December 2017, other liabilities included CHF 1 million payable to the employee pension fund (2016: CHF 2 million).
27
annual_report
RSAInsuranceGroupPLC-AR_2013
1,604
Recruitment of new Group Chief Executive Stephen Hester joined the Board on 5 February 2014. His remuneration package is set out below: • Base salary: £950,000 per annum. No sign-on payments or other similar exceptional, compensatory remuneration will be paid.
40
annual_report
325
2,748
Certain of the statements contained herein (other than statements of historical fact) are forward-looking statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are made based upon management's e...
120
10K
Sampoplc-AR_2005
1,392
Banking and investment services, total 74 78 p&c insurance financial assets
11
annual_report
GjensidigeForsikringASA-AR_2010
2,165
Other loans are primarily interest-free loans to agricultural customers. The loans are in their entirety intended for installment of fire detection systems with these customers. There is no mortgage attached to the loans, and the terms varies from two years to over 20 years. gjensidige Forsikring has not offered this t...
85
annual_report
4617
1,259
Litigation over the NYSDFS approval of National’s creation or additional hurdles to achieving high stable ratings may continue to impede National’s ability to resume writing municipal bond insurance, reducing its long-term ability to generate capital and cash from operations. An adverse result in the litigation could r...
67
10K
2162
503
the third quarter, particularly in our Florida, Ohio and Kentucky markets. We also established the deferred tax valuation allowance in the third quarter of 2003, as there was not adequate support regarding the availability of future taxable income based on our recent loss history. Our net loss in 2002 was primarily the...
93
10K
NatwestGroupPLC-AR_2013
850
A competitive tender process is required for all proposed non-audit services engagements where the fees are expected to exceed £100,000. Engagements below £100,000 may be approved by the Chairman of the Group Audit Committee; as an additional governance control all engagements have to be approved by the Group Chief Acc...
180
annual_report
4062
909
Three nonemployee directors of the Company are also owners of independent insurance agencies. These individuals are currently appointed as agents with and write insurance for the Company. The terms and conditions of the agency agreements between these agencies and the Company are similar in all material respects to age...
142
10K