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5373
1,013
For the year ended December 31, 2016, average renewal rates decreased 0.1% as compared to the same period in 2015, driven by a 0.5% decrease from our Marine operating segment.
30
10K
fr_axa-AR_2016
8,551
LLC”) (“Sivolella Litigation”) and a substantially similar action was fi led in January 2013 entitled Sanford et al. v. FMG LLC
21
annual_report
PowszechnyZakladUbezpieczenSA-AR_2018
1,181
The last level of brand architecture is the independent brands group. This category includes the brands within the PZU Group, the names and visualization of which differ from the corporate brand, such as Lietuvos Draudimas and Link4. Both companies are distinguished by their high prompted brand awareness on the Lithuan...
58
annual_report
3702
1,256
We anticipate that a major source of our liquidity, for the next twelve months and for the longer term, will be amounts paid by our operating subsidiaries as dividends. Certain of our operating subsidiaries are subject to restrictions on their ability to pay dividends. See "Business-Regulation." The amount available at...
155
10K
ch_zurich_insurance_group-AR_2006
1,615
Underwriting and policy acquisition costs, net of reinsurance 4,941 4,506 1,448 1,561
12
annual_report
2169
1,337
An agreement to increase statutory reserves by an additional $125,000 throughout 2002-2004, of which $23,000 remained at December 31, 2003. The reinsurance agreement has provided the capacity to accommodate this increase.
31
10K
4899
838
Change in fair value of Revolving Credit Facility debt. Change in fair value of Revolving Credit Facility debt was approximately $9.4 million for the year ended December 31, 2013 compared to zero for the year ended December 31, 2012. This change is associated with the adoption of the fair value option in accounting for...
102
10K
Sampoplc-AR_2017
337
Topdanmark aims to attain the best possible return on investments in relation to risk, but the company also wants to ensure that value creation is responsible and not in violation of the internationally recognized standards and principles or conventions adopted by Denmark – including the UN Global Compact Principles.
49
annual_report
LloydsBankingGroupPLC-AR_2012
5,253
in determining an appropriate accrual in respect of the management expenses levy, certain assumptions have been made including the proportion of total protected deposits held by the Group, the level and timing of repayments to be made by the Fscs to HM Treasury and the interest rate to be charged by HM Treasury. For th...
83
annual_report
PhoenixGroupHoldingsPLC-AR_2013
1,069
2. Performance conditions for LTIP awards in 2014 LTIP awards to be made to the Executive Directors in 2014 have performance measures of which 40% is based on MCEV growth, 40% is based on cumulative cash generation and the remaining 20% is subject to TSR performance against the constituents of the FTSE 250 (excluding i...
91
annual_report
SwissLifeHoldingAG-AR_2004
1,054
Interest on borrowings –159 –11 –1 –33 0 –25 36 –193
11
annual_report
1017
443
The Company sponsors a defined contribution plan covering substantially all employees. The plan provides for Company contributions at the discretion of the board of directors. For 1998, the Company contributed $1.00 for each $1.00 contributed by the participants up to 2.5% of employee base compensation. For 1997 and 19...
87
10K
4600
1,632
The Specialty Products segment is comprised of seven underwriting operating segments representing an aggregation based on those that offer distinct products and tailored coverages and services to a broad customer base across the United States. The Specialty Industries segment is comprised of six underwriting operating ...
125
10K
SwissLifeHoldingAG-AR_2003
357
– What guarantees and benefits are being promised to policyholders and at what price (product design)?
16
annual_report
4240
1,274
During the fourth quarter of 2010, the corporate segment made a capital contribution to the asset/liability products segment in the amount of $600 million in settlement of the full outstanding principal balance of the advance made to the segment during the fourth quarter of 2008. Between the fourth quarter of 2008 and ...
239
10K
2518
452
Effective October 1, 2002, the Company secured replacement excess of loss protection from CCC for per principal losses that exceed $60 million in two parts -- a) $40 million excess of $60 million and b) $50 million excess of $100 million. This excess of loss protection is primarily necessary to support contract surety ...
151
10K
gb_prudential-AR_2007
3,902
Note i US Operations net of tax profit: Before capital charge 197 182 Capital charge (12) (14)
17
annual_report
2640
1,037
Due to uncertainties about how participants in LNC’s post-retirement plan will elect to participate in the Medicare Act’s benefits, and the various uncertainties created by the current lack of guidelines for applying the Medicare Act’s provisions, LNC’s assessment of the effects of the provisions of the Medicare Act co...
77
10K
RaiffeisenBankInternationalAG-AR_2019
5,945
Analytics, Group Corporate Credit Management, Group Risk Controlling, Group Special Exposures Management, International
13
annual_report
PhoenixGroupHoldingsPLC-AR_2019
1,848
3. Malus and clawback Malus (being the forfeiture of unvested awards) and clawback (being the ability of the Company to claim repayment of paid amounts as a debt) provisions apply to the AIP, DBSS and LTIP� These provisions may be applied where the Remuneration Committee considers it appropriate to do so following: • a...
110
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006
2,302
Essentially the same actuarial assumptions have been used as in the previous year for measuring the provisions for future policy benefits for business in force.
25
annual_report
4787
1,099
The following tables summarize the carrying amounts and estimated fair values of the Company’s financial instruments not carried at fair value on a recurring basis:
25
10K
BeazleyPLC-AR_2019
1,900
Any benefits to which the group is entitled under its reinsurance contracts held are recognised as reinsurance assets. These assets consist of balances due from reinsurers and include reinsurers’ share of provisions for claims. These balances are based on calculated amounts of outstanding claims and projections for IBN...
98
annual_report
5887
855
The Company recorded $2,873 of goodwill associated with the business combination. The goodwill recognized is attributable to the assembled workforce and the expected growth resulting from the acquisition.
28
10K
5633
755
Certain direct or assumed variable annuity products with guaranteed minimum benefits contain embedded derivatives that are measured at estimated fair value separately from the host variable annuity contract, with changes in estimated fair value recorded in net derivative gains (losses). We use reinsurance and derivativ...
204
10K
5876
835
(1) Includes a true-up of previously awarded performance-based restricted share awards. The updated shares were calculated based on the attainment of pre-established performance objectives.
24
10K
2983
958
For premiums received on an installment basis, the Company earns the premium over the installment period, typically less than one year, throughout the period of coverage. Typically, installment premiums are applicable to insured transactions that involve CDS or special purpose vehicles (“SPVs”) structured to finance po...
136
10K
2301
589
The Financial Accounting Standards Board (FASB) issued Financial Accounting Standard (FAS) No. 149, “Amendment of Statement 133 on Derivative Instruments and Hedging Activities,” in April 2003. This Standard amends and clarifies financial accounting and reporting for derivative instruments and for hedging activities un...
65
10K
PosteItalianeSpA-AR_2015
510
Italiane submitted an application for re-examination of the ruling to AGCom, arguing its case and requesting cancellation of the ruling. Moreover, on 19 February 2016 the Company lodged an appeal before the Lazio
33
annual_report
5616
1,634
At the time of origination, our mortgage lending criteria targets that the loan-to-value ratio on each mortgage is 75% or less. We target projected rental payments from credit anchors (i.e., excluding rental payments from smaller local tenants) of 70% of the property’s projected operating expenses and debt service.
48
10K
Sampoplc-AR_2013
1,106
The total amount of Sampo Group’s investment assets as at 31 December 2013 was EUR 17,878 million (EUR 18,164 million in 2012).The compositions of the investment portfolios by asset classes in If P&C,
33
annual_report
2601
926
Net loss from continuing operations for 2004 was $10.9 million compared to a loss of $10.2 million for 2003.
19
10K
Sampoplc-AR_2007
163
Future Outlook Sampo Life’s lifetime solutions are very timely in Finland, for at the same time as Finns are becoming more affl uent, society’s safety net is becoming weaker. Pure life and disability insurance and unit-linked products will remain the strategic focus areas.
43
annual_report
fr_axa-AR_2013
5,513
Other operating income and expenses (79,851) (27,989) (3,012) (3,157) (507) (665) 638 (114,542)
13
annual_report
INGGroepNV-AR_2013
4,823
August of 2013) and the lower volatility in equity markets, as the 2008 volatile period started dropping out of the historical period taken into account in Q3 2013.
28
annual_report
5903
2,526
In certain investment structures, the Company’s investment management business invests with other co-investors in an investment fund referred to as a feeder fund. In these structures, the invested capital of several feeder funds is pooled together and used to purchase ownership interests in another fund, referred to as...
262
10K
SwissReAG-AR_2011
58
Net income after non-controlling interests 1 980 2 578 Convertible perpetual capital instrument (net income)1 –1 117 Dividends on common shares4 –319 Cumulative effect of adoption of ASU No. 2009-173 60 Balance as of period end 19 651 22 229
40
annual_report
Sampoplc-AR_2007
621
Summary of Signifi cant Accounting Policies. . . . . . . . . . . . . . . . . . . . . . . 52
29
annual_report
2300
1,644
On August 20, 2002, in connection with the Citigroup Distribution, stock-based awards held by Company employees on that date under Citigroup’s various incentive plans were cancelled and replaced by awards under the Company’s own incentive programs.
36
10K
Sampoplc-AR_2000
1,460
Real estate shares in associated undertakings 52 52 56 61 61 67
12
annual_report
5191
693
The accompanying financial statements have been prepared on a going concern basis under which we are expected to be able to realize our assets and satisfy our liabilities in the normal course of business. To continue as a going concern beyond the year ended March 31, 2016 and to continue to acquire NIBs we will need to...
83
10K
5710
1,305
The amortized cost and fair value of our available-for-sale investments in fixed maturity securities presented by contractual maturity as of December 31, 2019 and 2018, were as follows:
28
10K
4838
891
Operating income is not a substitute for net income determined in accordance with GAAP. The adjustments made to derive operating income are important to understanding our overall results from operations and, if evaluated without proper context, operating income possesses material limitations. As an example, we could pr...
194
10K
gb_lloyds_banking_grp-AR_2014
1,445
Background The Audit Committee confirmed in the Group’s 2013 Annual Report and Accounts that it was considering conducting an audit tender during 2014 with a view to reappointing a new firm, or PricewaterhouseCoopers (PwC), with effect from 1 January 2016. A final decision was to be made once there was further clarity ...
67
annual_report
5332
1,150
certain senior unsecured notes, plus applicable premium and accrued and unpaid interest, for cash totaling $16.2. We recognized a loss on extinguishment of debt of $3.4 on the repurchase of these notes.
32
10K
HiscoxLtd-AR_2004
480
Net asset value (before equalisation provision) 389,540 293,306 132.8 346,275 290,630 119.1
12
annual_report
Sampoplc-AR_2004
1,911
The contact information for subsidiaries providing P&C insurance services is available in the Annual Report part for ‘If P&C Insurance’.
20
annual_report
fr_axa-AR_2001
2,354
Chairman and Chief Executive Officer of Schneider Electric; Director or Supervisory Board Member of Finaxa, Vivendi, CNRS and A.N.S.A.
19
annual_report
2801
973
Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of our net deferred tax asset are as follows:
42
10K
1996
1,149
the contribution to income/loss of divested businesses that we sold or exited that did not qualify for “discontinued operations” accounting treatment under GAAP; and
24
10K
NatwestGroupPLC-AR_2017
2,946
2017 2016* Ulster Private RBS Ulster Private RBS UK PBB Bank RoI Banking International Total UK PBB Bank RoI Banking International Total £m £m £m £m £m £m £m £m £m £m
32
annual_report
gb_prudential-AR_2014
4,344
The assets and liabilities of the Scheme were: 31 Dec 2014 31 Dec 2013 31 Dec 2012 31 Dec 2011 31 Dec 2010
23
annual_report
AegonNV-AR_2008
4,928
insurance asset is an insurer’s contractual right under an insurance contract.
11
annual_report
NatixisSA-AR_2012
15
1.2 HISTORY AND LINKS WITH BPCE 6 1.2.2 Financial solidarity mechanism 6 1.2.3 BPCE organization chart 7 1.3.1 Income statement 8 1.3.2 Financial structure (Basel 2.5) 8 1.3.3 Net revenues by business 8 1.3.4 Pre-tax profi t by business 9 1.3.5 Long- and short-term ratings (as of February 2013) 9 1.3.6 2013 Investor Re...
82
annual_report
619
724
Activity in the valuation allowance for all mortgage loans for the years ended December 31, 1997, 1996 and 1995 is summarized as follows:
23
10K
5340
4,224
· investments to upgrade our technology and underwriting processes challenge our management of general operating expenses.
16
10K
5781
595
Losses and LAE decreased $19.2 million, or 7.7%, to $228.4 million for the year ended December 31, 2018, as compared to $247.6 million for the year ended December 31, 2017. The lower loss ratio was the result of the decrease in the size of Automobile ($21.2 million lower losses, including adverse development) driven by...
59
10K
AdmiralGroupPLC-AR_2005
679
ii) Data driven pricing The Group’s underwriting philosophy is focused on a sophisticated data-driven approach to pricing and underwriting and on exploiting the competitive advantages direct insurers enjoy over traditional insurers through: collating and analysing more comprehensive data from customers tight control ov...
64
annual_report
3838
803
2. Retrospective tests of the ratios of the loss reserves to earned premiums and to estimated ultimate incurred losses;
19
10K
PosteItalianeSpA-AR_2018
5,137
There were no transfers of the related financial instruments measured at fair value on a recurring basis between level 1 and level 2 in 2018.
25
annual_report
fr_axa-AR_2001
3,620
Sun Life & Provincial Holdings (SLPH) subsequently renamed AXA UK Holdings – buyout of minority interests (44%) In July 2000, AXA acquired the 44% minority interests in SLPH, which was subsequently delisted from the
34
annual_report
ASRNederlandNV-AR_2018
874
Externally managed assets The external providers’ SRI policy is a key decision criterion in the selection of external managers. To the extent possible, a.s.r. seeks managers with a SRI policy that is as comparable as possible to that of a.s.r. and, as a minimum norm, a.s.r. requires exclusion of controversial weapons a...
146
annual_report
2268
5,013
The following discussion and analysis of financial conditions and results of operations should be read in conjunction with our consolidated financial statements, notes to our consolidated financial statements and other financial information appearing elsewhere in this report.
37
10K
5441
679
underlying investments. Equity securities are designated as available for sale and are carried at fair value. The difference between cost and fair value, net of deferred income taxes, is reflected as a component of AOCI.
35
10K
5672
1,153
Investment income primarily includes interest and dividend income (including interest income from our premium financing operations), which is accrued as it is earned. Net gains on divestitures represent one-time
29
10K
AegonNV-AR_2012
2,228
Chairs of the Audit Committee and Risk Committee met twice with officials of Aegon’s lead regulator, De Nederlandsche Bank
19
annual_report
2415
1,040
During 2003, we sold a 50% interest in certain of our venture capital partnerships to an outside party and transferred the remaining 50% interest in those partnerships to our closed block. The carrying value of the partnerships sold and transferred totaled $52.2 million after realizing a loss of $19.4 million ($5.1 mil...
106
10K
fr_axa-AR_2013
1,968
Net banking revenues increased by €4 million (+1%) to €316 million. Operating net banking revenues (1) increased by €42 million (+13%) mainly due to a higher interest margin
28
annual_report
NatixisSA-AR_2011
619
In 2011, the Natixis’ share price decreased by 40.9% (from €3.29 at the end of 2010 to €1.94 at the end of 2011). Over the same period, the Euro zone banking stocks index (DJ Euro Stoxx Bank) declined by around 32.5%. At March 5, 2012, the Natixis share price stood at €2.70.
52
annual_report
TrygAS-AR_2019
1,544
Number of full-time employees, continued business, at 31 December 4,151 4,027 3,373 3,264 3,359
14
annual_report
NatixisSA-AR_2019
10,559
The world’s leading scientists contributing to the Intergovernmental Panel on Climate Change (IPCC) have warned there is only 10 years left to limit global warming to 1,5 ° C and avoid catastrophic environmental (see the IPCC 2018 report
38
annual_report
AvivaPLC-AR_2010
101
Information on the company 27 Organisational structure 40 Selected consolidated financial data 42 Financial and operating performance 43 Analysis of investments 57 Property 64 Contractual obligations 65 Risk management 66 Capital management 70
33
annual_report
3281
1,358
Sales of fixed-maturity investments - The majority of our fixed-maturity securities are held until maturity. Any decision to sell or reduce a holding is executed either to improve long term total return prospects or in response to adverse credit concerns.
40
10K
3430
825
The primary sources of funds for Fireside Bank are customer deposits, repayments of automobile loans, interest on automobile loans and investment income. The primary uses of funds for Fireside Bank are automobile loans made to consumers, repayment of customer deposits, interest paid to depositors and general expenses.
47
10K
fr_axa-AR_2006
4,338
Minority interests share in unrealized gains and losses (c) (273) (220) (205)
12
annual_report
275
255
At December 31, 1995, the fixed maturity portfolio included $139.4 million of below investment grade bonds (below "Baa") recorded at fair value, which represented 1.5% of the fixed maturity portfolio, and had an associated amortized cost of $133.8 million. At December 31, 1994, the carrying value of below investment gr...
223
10K
5139
3,461
In July 2010, the Environmental Protection Agency (“EPA”) advised Metropolitan Life Insurance Company that it believed payments were due under two settlement agreements, known as “Administrative Orders on Consent,” that New England Mutual Life Insurance Company (“New England Mutual”) signed in 1989 and 1992 with respec...
235
10K
5799
961
According to Taiwan accounting rules and corporation regulations, the Company’s subsidiaries in Taiwan must appropriate 10% of net income to statutory reserves until the accumulated reserve reaches registered capital. The reserve can be converted into share capital by issuing new shares to existing shareholders in prop...
111
10K
TrygAS-AR_2007
1,141
Novo Nordisk. The council is currently working on a charter of eco-guidelines that will be finalised and passed in
19
annual_report
NatwestGroupPLC-AR_2020
4,659
Notes: (1) Defined benefit obligations are subject to annual valuation by independent actuaries. (2) NatWest Group recognises the net pension scheme surplus or deficit as a net asset or liability. In doing so, the funded status is adjusted to reflect any schemes with a surplus that NatWest Group may not be able to acce...
99
annual_report
2026
1,300
MONY Group maintains a syndicated credit facility with banks aggregating $150.0 million, with a scheduled renewal date in July 2003. The purpose of this facility is to provide additional liquidity for any unanticipated short-term cash needs that MONY Group might experience and also to serve as support for MONY Group’s ...
61
10K
RaiffeisenBankInternationalAG-AR_2015
3,026
LLC "Insurance Company 'Raiffeisen Life", Moscow (RU) 240,000,000 RUB 25.0% VV
11
annual_report
5371
2,542
We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess th...
128
10K
RSAInsuranceGroupPLC-AR_2015
2,440
Profits on sale of discontinued operations after tax 103 26 17 24 170
13
annual_report
HannoverRueckSE-AR_2006
1,985
With effect from 1 January 2000 the Executive Board of Hannover Re, with the consent of the Supervisory Board, introduced a virtual stock option plan that provides for the granting of stock appreciation rights to certain managerial staff. The content of the stock option plan is based solely on the Conditions for the Gr...
131
annual_report
4535
1,429
Troubled debt restructurings. Effective July 1, 2011, the Company adopted the FASB's updated guidance (ASU 2011-02) to clarify for lenders that a troubled debt restructuring occurs when a debt modification is a concession to the borrower and the borrower is experiencing financial difficulties. This guidance was require...
99
10K
fr_axa-AR_2008
7,369
2) Resolve, • to create a new category of shares of the Company, consisting of preferred shares named shares of category B, and in the event of successive issues of non-fungible preferred shares to create new categories of such preferred shares (called B1 for the first issue, B2 for the second issue and so on for the f...
60
annual_report
NatixisSA-AR_2014
3,522
In terms of advice and support to business lines, all projects submitted to the IT Commitment Committee are required to undergo security analysis. This allows the ITSS-BC Department to establish security requirements in conjunction with the business lines, for which the ITSS-BC Department in turn implements appropriate...
48
annual_report
fr_axa-AR_2010
9,502
December 31, 2010, on: ■ the audit of the accompanying consolidated fi nancial statements of AXA, as attached to the present report; ■ the justifi cation of our assessments; ■ the specifi c verifi cation required by law.
38
annual_report
NatwestGroupPLC-AR_2006
2,783
Income statement presentation under US GAAP does not differ significantly from IFRS except that under US GAAP impairment losses are included in total income.
24
annual_report
ScorSE-AR_2011
1,876
15.2 Total amounts set aside or accrued to provide pension, retirement, or similar benefits for financial year 2011
18
annual_report
AvivaPLC-AR_2019
120
Employee engagement We give our people the freedom to act in line with our values to create an environment in which they can thrive through collaboration and recognition. We measure this through our annual global ‘Voice of Aviva’ survey. Engagement is down three percentage points to 73%, due to a period of uncertainty ...
73
annual_report
17
509
The interest rates used in the calculation of disability product reserves at December 31, 1993, and 1992, were as follows: 1993 1992 Group long term disability (North America) 9.3% 9.7% Group long term disability (United Kingdom) 10.5% 11.0% Individual disability 8.0% to 10.0% 8.0% to 10.0%
46
10K
TrygAS-AR_2005
1,159
Denmark are distributed principally through our proprietary distribution networks consisting of five regional customer centers and 16 local service centers staffed by our own customer advisors and sales agents. We also distribute our products through other channels, including affinity groups and Nordea’s 344 bank branc...
45
annual_report
fr_axa-AR_2017
6,120
AXA established Group-wide mobility policies and processes and enabled Group-wide posting of internally and externally available jobs. This makes the mobility opportunities for our employees immediately visible, thereby helping AXA better source the right people for its business needs.
39
annual_report
gb_prudential-AR_2013
5,689
III(f) Economic capital position Following provisional agreement on the Omnibus II Directive on 13 November 2013, Solvency II is now expected to come into force on 1 January 2016. Therefore, our economic capital results are based on outputs from our Solvency II internal model. Although the Solvency II and Omnibus II Di...
140
annual_report
NatwestGroupPLC-AR_2007
5,213
Non-corporate US Holders should consult their own tax advisers to determine whether they are subject to any special rules that limit their ability to be taxed at this favourable rate.
30
annual_report
TopdanmarkAS-AR_2014
1,127
Remuneration of the Executive Board The Company has paid no remuneration to the Executive Board but an adminstration agreement provides that it pays a share of the overall remuneration paid to the Executive Board
34
annual_report
ScorSE-AR_2008
1,208
15.1 Amount of remuneration paid and benefi ts in kind 15.1.1 DIRECTORS’ FEES AS OF 31 DECEMBER 2008
18
annual_report
834
330
For the years ended December 31, 1997, 1996 and 1995, Trenwick America Re earned commissions on cessions to retrocessionaires of $4,503,000, $1,235,000 and $13,000, respectively.
25
10K