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2 values
StorebrandASA-AR_2019
1,422
Sensitivity analyses The tables show the fall in value for Storebrand Life Insurance and SPP’s investment portfolios as a result of immediate changes in value related to financial market risk. The calculation is model-based and the result is dependent on the choice of stress level for each category of asset. The stress...
79
annual_report
gb_prudential-AR_2014
94
While product innovations are important we are increasingly finding that customer service is a key differentiator in 2017 objectives*
19
annual_report
LloydsBankingGroupPLC-AR_2017
152
Interest rates are expected to remain low, with gradual rises beneficial to our savings customers and the Group
18
annual_report
4495
737
Significant components of Brown & Brown’s current deferred tax assets as of December 31 are as follows:
17
10K
RSAInsuranceGroupPLC-AR_2013
2,118
Property price risk The Group’s portfolio of properties is subject to property price risk arising from changes in the market value of properties. Further information on the valuation approach is included in note 13. Thus if the value of property falls so will the fair value of the portfolio as set out in the sensitivit...
59
annual_report
2616
667
We have increased the number of producers in California to 917 with 1,602 locations at December 31, 2004 from 515 producers with 1,002 locations at December 31, 2003, an increase of producer locations of 60%. Our strategy remains to increase the number of producers, without over-saturating the market. We closely monito...
64
10K
1608
285
The Company's weighted average crediting rates for annuities decreased to 6.14% in 2000 from 6.15% in 1999, which had decreased from 6.27% in 1998. However, the Company's weighted average crediting rates for interest-sensitive life products increased to 5.35% in 2000 from 5.31% in 1999, which had decreased from 5.32% i...
100
10K
NatwestGroupPLC-AR_2013
2,891
Cash and balances at central banks 82,661 — — — 82,661 — — — 82,661 — 82,661 Bank reverse repos 652 110 — — 762 — — — 762 25,795 26,557 Customer reverse repos — — — — — — — — — 49,897 49,897 Loans to banks 11,831 3,171 1,552 443 16,997 69 13 546 17,625 9,952 27,577 Loans to customers - Personal 7,776 8,942 4,141 7,108 ...
167
annual_report
4557
3,139
The following table presents activity for the accretable yield on PCI investments for:
13
10K
StandardLifeAberdeenPLC-AR_2010
138
Last year we said that we would increase our investment for growth in product development, marketing and technology. The programme is progressing well, with a number of customer propositions launched in 2010. The total investment spend expensed against IFRS operating profit has increased by 41% to £149m. The total amou...
69
annual_report
5634
15,614
taken in a tax return and amounts recognized in the consolidated financial statements.
13
10K
PosteItalianeSpA-AR_2018
729
This system is at the heart of Poste Italiane’s corporate governance6 allowing the Board of Directors to pursue its priority goal of creating value over the medium to long term whilst being able to determine the nature and level of risk that is compatible with the Company’s business objectives.
49
annual_report
SwissLifeHoldingAG-AR_2004
1,495
Reinsurance liabilities consisted of CHF 680 million as of 31 December 2004 (2003: CHF 703 million).
16
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012
1,368
We posted a consolidated result of €247m for the primary insurance segment and €289m for the ERGO Group. At the beginning of the year, our projected result for the ERGO Group was approximately €400m. The deviation from the target figure is chiefly due to restructuring expenses for the sales reorganisation programme, wh...
58
annual_report
2401
665
- These matters raise difficult and complicated factual and legal issues and are subject to many uncertainties and complexities, including but not limited to, the underlying facts of each matter, novel legal issues, variations between jurisdictions in which matters are being litigated, differences in applicable laws an...
154
10K
1050
535
CHANGE IN MANAGEMENT STRUCTURE AND CORPORATE OVERHEAD EXPENSE REDUCTIONS: In the fourth quarter of 1997, the Company announced the termination of approximately 25 senior officers, managers and other employees in order to create a new management framework focused on correcting the problems of the past and restoring the ...
98
10K
ch_zurich_insurance_group-AR_2014
603
Educational background Martin Senn received a Commercial and Banking diploma from the Business School in Basel, Switzerland and completed an International Executive Program at INSEAD in Fontainebleau as well as an Advanced Management Program at Harvard Business School.
38
annual_report
1113
667
The following table sets forth the amortized cost and estimated fair value of actively managed fixed maturities at December 31, 1998, by contractual maturity. Actual maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment p...
63
10K
4319
1,023
Golden Gate IV Vermont Captive Insurance Company (“Golden Gate IV”), a Vermont special purpose financial captive insurance company and wholly owned subsidiary, has an outstanding twelve-year LOC issued under a Reimbursement Agreement with UBS, with a total outstanding balance of $270.0 million as of December 31, 2010. ...
254
10K
5547
1,286
The amounts included within the loss development tables for the years ended December 31, 2009 through to December 31, 2017 (April 1, 2014 through to December 31, 2017 in the case of StarStone since its date of acquisition), as well as the historical average annual percentage payout ratios as of December 31, 2018, are p...
62
10K
5358
789
Corporate securities include hybrid preferred securities with a fair value of $17.5 million at December 31, 2017 and $23.3 million at December 31, 2016. Corporate securities also include redeemable preferred stock with a fair value of $21.7 million at December 31, 2017 and $24.5 million at December 31, 2016.
49
10K
HiscoxLtd-AR_2012
1,066
All amounts reported on the following page represent transactions with external parties only. In the normal course of trade, the Group’s entities enter into various reinsurance arrangements with one another. The related results of these transactions are eliminated on consolidation and are not included within the result...
81
annual_report
5070
549
The $541,344 decrease in short-term investments is due to management’s decision to decrease our investment in funds that have a maturity of more than 90 days but less than one year at the date of purchase.
36
10K
ch_zurich_insurance_group-AR_2008
1,729
Cash fl ow hedges Designated cash fl ow hedges, such as options on interest rate swaps are used to protect the Group against variability of future cash fl ows due to changes in interest rates associated with expected future purchases of debt securities (during the years 2011, 2016, 2021 and 2026) required for certain l...
139
annual_report
fr_axa-AR_2004
773
New Business Value (NBV) was up 18% to Euro 652 million, driven by most of our major operations, notably France, the US, Belgium, Southern Europe, Australia and Japan as a result of higher volume and product mix improvement.
38
annual_report
GjensidigeForsikringASA-AR_2016
606
• Drafting proposals for principles and a declaration on the stipulation of pay and other remuneration for executive personnel, employees and officers of the Company who have duties that are of material importance to the Company’s 42 I Gjensidige annual report 2016
42
annual_report
INGGroepNV-AR_2020
7,089
For further discussion of the impact of bank recovery and resolution regimes on ING, see “Item 4.
17
annual_report
717
710
The Nebraska insurance laws provide that, without prior approval of the Nebraska Director, Risk Capital Reinsurance cannot pay a dividend or make a distribution (together with other dividends or distributions paid during the preceding 12 months) that exceeds the greater of (i) 10% of statutory surplus as of the precedi...
280
10K
5794
1,184
Shareholders’ equity increased by $1,272.1 million to $9,132.9 million at December 31, 2019 from $7,860.8 million at December 31, 2018, principally as a result of $1,009.5 million of net income, $483.8 million of unrealized appreciation on investments net of tax, $30.9 million of share-based compensation transactions a...
85
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2002
1,331
In our risk management activities, we continually analyse our risk situation. Our experts evaluate the most important risks for us with a view to their occurrence probability and possible financial repercussions. In addition, we carry out stress tests and scenario analyses and take appropriate measures for excluding or...
51
annual_report
NatwestGroupPLC-AR_2009
2,640
The table below shows the Group’s global markets sponsor-led leveraged finance exposures by industry and geography. The gross exposure represents the total amount of leveraged finance committed by the Group (drawn and undrawn). The net exposure represents the balance sheet carrying values of drawn leveraged finance and...
76
annual_report
4478
1,409
The expense to be recorded for the deferred stock units is determined utilizing the number of awards granted and the grant date fair market value. The expense is recognized at the date of grant as the awards are fully vested. In 2011, 2010 and 2009, respectively, there were 15,600, 16,830 and 17,985 units issued under ...
90
10K
LloydsBankingGroupPLC-AR_2013
1,588
Skills and experience: António brings extensive experience in, and understanding of, both retail and commercial banking. This has been built over a period of more than 25 years, working both internationally as well as in the uK. António’s drive, enthusiasm and commitment to customers, along with his proven ability to b...
95
annual_report
3671
1,099
The net impact on shareholders’ equity of foreign exchange losses relating to Gordian in 2008 is summarized in the table below:
21
10K
fr_axa-AR_2019
607
On November 15, 2019, AXA announced that Matthieu Bébéar, previously Deputy CEO of AXA France and CEO of AXA Particuliers
20
annual_report
2621
834
The Company consolidates FSA Global, Canadian Global and Premier. The aggregate increase related to adoption of FIN 46 on July 1, 2003 was a $1.9 billion increase in total assets and total liabilities. The differences upon consolidation were reflected as a cumulative effect of a change in accounting principle. The cumu...
211
10K
NatixisSA-AR_2003
4,181
2004 will witness further efforts to align IT services with business-line strategy, notably via the completion of work on back-office securities processing, the launch of work on firm sales and lending-borrowing in the equity back-office channel, efforts to optimise databases (stocks, prices, third parties), together w...
63
annual_report
649
236
Results for our casualty business were similarly unprofitable in each of the past three years. In each year, casualty results were adversely affected by increases in loss reserves for asbestos-related and toxic waste claims. The amount of such reserve strengthening in the casualty classes decreased in 1996 and again in...
125
10K
2358
1,296
CFC’s insurance subsidiary declared dividends to the company of $175 million in 2004, $50 million in 2003, and $100 million in 2002. Dividends paid by insurance subsidiaries are restricted by regulatory requirements of the insurance subsidiaries’ domiciliary state. Generally, the maximum dividend that may be paid witho...
129
10K
5396
421
The increase in revenues from 2016 to 2017 was $75.4 million, or 14.9%, driven by growth in earned premiums and net investment income in our insurance operations, partially offset by reduced service and administrative fees, ceding commissions, and unrealized losses on equities in our specialty insurance investment port...
119
10K
5001
691
Losses and settlement expenses increased 15.7 percent to $385,474 in 2014 from $333,287 in 2013, and the loss and settlement expense ratio increased to 71.3 percent in 2014 from 64.7 percent in 2013. Both segments experienced increases in their loss and settlement expense ratios during 2014, but the increase was especi...
167
10K
3830
1,096
The decrease in premiums written and earned and losses and LAE assumed in the year ended December 31, 2008, as compared to 2007, was principally due to the Fairmont business, which the Company assumed at the start of 2006. Prior to 2008, the majority of policies underwritten by Fairmont were issued initially by Fairmon...
141
10K
NatixisSA-AR_2013
8,119
In order to increase the share capital by issuing shares or securities giving access to the Company’s capital, reserved for members of employee savings plans with waiving of preferential subscription rights in favor of said members, pursuant to Article L.225-129-6 of the French Commercial Code €48 m (c) 26 months 02.19...
51
annual_report
5529
1,426
Beginning in the first quarter of 2018, we are reporting restricted cash in its own line item on the Consolidated Balance Sheets
22
10K
3082
2,167
customer service, transaction processing and a variety of functional support services provided by GENPACT International formerly GE Capital International Services, or GECIS;
22
10K
RSAInsuranceGroupPLC-AR_2020
1,072
· Review of LTIP participation, share grants made, all-employee share plan participation, and dilution levels • •
17
annual_report
4955
1,175
Premiums receivable consist of premiums due on our mortgage insurance policies. If mortgage insurance premiums are unpaid for more than 90 days, the receivable is written off against earned premium and the related insurance policy is cancelled. For all periods presented, no provision or allowance for doubtful accounts ...
50
10K
HannoverRueckSE-AR_2006
512
All in all, therefore, Hannover Life Re America 's operating profit (EBIT) retreated somewhat from EUR 17.4 million in the previous year to EUR 15.9 million. Net income after tax declined to EUR 8.7 million (EUR 10.5 million).
38
annual_report
5851
14,210
(b) The derivative assets have been presented net of collateral. The derivative assets supporting the Fortitude Re funds withheld arrangements had a fair market value of $357 million as of December 31, 2020. These derivative assets are fully collateralized.
39
10K
4244
1,730
The calculation of diluted earnings per share for the years ended December 31, 2010, 2009 and 2008, excludes the incremental effect related to certain outstanding stock-based compensation grants due to their anti-dilutive effect.
33
10K
SwissReAG-AR_2008
66
Property & Casualty Property & Casualty services encompass traditional reinsurance as well as insurance products for corporate clients. Combining global expertise and local knowledge, we provide clients with financially sound reinsurance support in all lines of business.
37
annual_report
3173
7,739
attractive to potential students. SHP enrollment includes approximately 80 students in our metropolitan Phoenix market that are trained using state of the art distance learning technology maximizing utilization of SHP instructors. Students are provided with company-funded scholarships that cover tuition, books and fees...
87
10K
de_allianz-AR_2012
3,682
With the sale of Dresdner Bank becoming effective on 12 January 2009, Allianz terminated the indemnification undertaking issued in 2001 in favor of the Federal Association 46 – Contingent liabilities, commitments, guarantees, and assets pledged and collateral continGent liabilities
39
annual_report
4779
3,014
The Company also periodically reviews other long-term assumptions underlying the projections of estimated gross margins and profits. These assumptions primarily relate to investment returns, policyholder dividend scales, interest crediting rates, mortality, persistency and expenses to administer business. Management an...
101
10K
HelvetiaHoldingAG-AR_2011
1,075
Income from unit-linked investments1 – 46.6 82.9 - - 0.0 0.0 - - – 46.6 82.9
16
annual_report
fr_axa-AR_2009
4,353
shares were purchased under this liquidity contract for an average weighted gross unit price of €15.17, and 8,350,964 shares were sold for an average weighted gross unit price of
29
annual_report
1637
277
On a certain annuity product, the interest is credited to contractholders' accounts based upon the relative change in a major stock market index between the beginning and end of the product's term. As a means of hedging the Company's obligation under the provisions of this product, the committee's strategy is to purcha...
81
10K
fr_axa-AR_2014
7,763
Moreover, options to acquire AB Holding Units were granted as follows: 25,106 options were granted during 2014, 37,690 options were granted during 2013, 114,443 options were granted during 2012, and 70,328 options were granted in 2011.
36
annual_report
1461
477
Management periodically reviews the Company's guidelines for premiums, surcharges, discounts, cancellations and non-renewals and other related matters. As part of this review, rates and rating classifications for its physicians, medical groups
31
10K
TrygAS-AR_2011
81
Along with Morten Hübbe, the Group Executive Vice Presidents of the six areas (Private, Commercial, Corporate, Sweden/Finland,
17
annual_report
AegonNV-AR_2018
5,089
Non-cumulative subordinated notes USD 525 million 8% Quarterly, February 15 Called in 2018 - 69
15
annual_report
4655
1,646
The Impairment Committee’s assessment of whether an OTTI loss has occurred incorporates both quantitative and qualitative information. Fixed maturity securities that CNA intends to sell, or it more likely than not will be required to sell before recovery of amortized cost, are considered to be other-than-temporarily im...
124
10K
RaiffeisenBankInternationalAG-AR_2011
925
Profi t after non-controlling interests 49 39 27.3% 16 13 27.5%
11
annual_report
LloydsBankingGroupPLC-AR_2015
1,101
The Non-Executive Directors are listed on pages 56 and 57. 56
11
annual_report
5099
906
Level 1 primarily consists of publicly traded equity securities and highly liquid, direct obligations of the U.S. Government whose fair value is based on quoted prices that are readily and regularly available in an active market. Level 2 primarily consists of financial instruments whose fair value is based on quoted pr...
156
10K
2780
719
The following analysis of the Results of Operations should be read in conjunction with the Consolidated Financial Statements, which begin on Page 31 of this Form 10-K. Primary reference is made to the Consolidated Statements of Income on page 33 and segment information provided in Note 14 to the Consolidated Financial ...
52
10K
4595
903
In addition to fixed maturities noted in the foregoing table, the Company has exposure totaling $276 million to private equity limited partnerships and real estate partnerships (both of which are included in other investments in the Company's consolidated balance sheet) whose primary investing focus is across Europe. T...
84
10K
fr_axa-AR_2007
1,325
Net capital gains or losses attributable to shareholders net of income tax 27 32 20 30
16
annual_report
5951
802
•Account balances for funding agreements with fixed maturities are calculated using the amount deposited with the Company, less withdrawals, plus interest accrued to the ending valuation date. Interest on these contracts is accrued by a predetermined index, plus a spread or a fixed rate, established at the issue date o...
52
10K
fr_axa-AR_2009
7,019
Comprehensive Income by €-50.6 million, net of tax and policyholders’ participation related adjustments.
13
annual_report
StandardLifeAberdeenPLC-AR_2020
1,698
Pay compared to performance The graph shows the difference in the total shareholder return at 31 December 2020 if, on 1 January 2010, £100 had been invested in Standard Life Aberdeen plc and in the FTSE 100 respectively. It is assumed dividends are reinvested in both. The FTSE 100 has been chosen as Standard Life Aberd...
64
annual_report
3086
842
The following pro forma information shows net income and earnings per basic and diluted share if compensation expense for our employee stock options had been determined based on the fair value method of accounting:
34
10K
3092
487
Certain cash balances, cash equivalents and bonds available for sale were deposited with various governmental authorities in accordance with statutory requirements or were held in trust pursuant to intercompany reinsurance agreements. The estimated fair value of bonds available for sale and on deposit or held in trust ...
59
10K
3065
813
The loss and LAE ratio for the years ended December 31, 2005 and 2004 and the percentage point change for each of our divisions and in total are as follows:
30
10K
2164
259
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA. - ------- -------------------------------------------- The consolidated financial statements from the Company's Annual Report to Stockholders for the year ended December 31, 2003, which is included as Exhibit 13(c) to this Form 10-K, are incorporated herein by reference.
41
10K
CNPAssurancesSA-AR_2000
726
Demand remained strong for Poste Avenir, both as a stand-alone product and as an underlying investment for the Garantie Multi-Options (GMO) unit-linked product.
23
annual_report
5370
734
After-tax earnings of our railroad business in 2017 were $4.0 billion, an increase of 10.9% compared to 2016, reflecting increased unit volume. Our railroad business generated lower net earnings in 2016 compared to 2015, primarily due to a 5.0% decline in unit volume. After-tax earnings of our utility and energy busine...
100
10K
4232
943
On December 21, 2010, we acquired Concentra Inc., or Concentra, a health care company based in Addison, Texas, for cash consideration of $804.7 million. Through its affiliated clinicians, Concentra delivers occupational medicine, urgent care, physical therapy, and wellness services to workers and the general public thr...
119
10K
ScorSE-AR_2009
3,519
Certain Directors or the Non-Voting Director of SCOR are also members of the Boards of Directors for the Group’s subsidiary companies and as a result of this, received Directors’ fees in 2009.
32
annual_report
4450
927
The Company is largely dependent upon dividends received from its insurance subsidiaries to pay debt service costs and to make distributions to its shareholders. Under current insurance law, the Insurance Companies are entitled to pay ordinary dividends of approximately $179 million in 2012 to Mercury General. The Insu...
89
10K
1772
395
Benefits and expenses, other than deferred policy acquisition costs, related to traditional life, accident and health, disability and dental insurance products are recognized when incurred in a manner designed to match them with related premiums and spread income recognition over expected policy lives. For universal li...
62
10K
LloydsBankingGroupPLC-AR_2011
1,966
– the european Commission published a draft of the new Capital Requirements Directive and Regulation (CRD iV) which will implement within the eU the so called ‘Basel iii’ reforms for an enhanced global capital accord developed by the Basel Committee on Banking supervision.
43
annual_report
AegonNV-AR_2011
5,465
In addition, AEGON reinsures the elective guaranteed minimum withdrawal benefit rider issued with a ceding company’s variable annuity contracts. The rider is essentially a return of premium guarantee, which is payable over a period of at least fourteen years from the date that the policyholder elects to start withdrawa...
87
annual_report
3558
1,324
Net statutory premiums collected, which include premiums collected from annuities and universal life-type products that are not included in revenues for GAAP reporting, totaled $2,078.4 million in 2007, $2,296.2 million in 2006 and $1,432.7 million in 2005. Premiums are concentrated in the following states:
44
10K
ch_zurich_insurance_group-AR_2017
1,247
Remuneration and personal loans for former members of the ExCo Former members of the ExCo are eligible to continue their mortgage loans following retirement on similar terms to those when they were employed, in line with the terms available to employees in Switzerland. As of December 31, 2017 and 2016, no former member...
63
annual_report
gb_prudential-AR_2019
4,682
Note Including net flows of the Group’s insurance joint ventures and associate.
12
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2002
1,782
The following table gives the periods to maturity of cash flow hedges at the balance sheet date: Up to 3 3–6 6–12 1–5 Over Total All figures in €m months months months years 5 years
35
annual_report
SwissLifeHoldingAG-AR_2002
275
Council of the Canton of Schaffhausen – Member of the National Council since 1991 – 2001/2002 President of the Liberal
20
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2018
677
At €843m (855m), gross premiums written in international life insurance business were down on the previous year by 1.4%. This was partly due to developments in Belgium, where we deliberately stopped writing new business in the middle of 2017. Total premium income in international life insurance business was down 3.5% t...
53
annual_report
4822
879
•the substantial growth in our IIF which has driven the increase in net premiums earned experienced in 2012 and through June 30, 2013;
23
10K
5641
1,382
The fair value of each option is estimated on the date of grant using the Black-Scholes option pricing model. For all options granted through December 31, 2018, the exercise price equaled the market price on the grant date. Compensation cost related to options is based upon the grant date fair value and expensed on a s...
78
10K
2939
858
Under SAP, certain assets (such as property and equipment) designated as “non-admitted” are charged directly to surplus.
17
10K
HiscoxLtd-AR_2010
1,246
Foreign currency transactions are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the retranslation at year end exchange rates of monetary assets and liabilities de...
97
annual_report
ch_zurich_insurance_group-AR_2012
966
Other net income 62 36 71% Business operating profit 1,441 1,370 5% Managed gross earned premium margin 7.3% 1 7.3% –
21
annual_report
5153
2,004
We issue fixed and floating rate funding agreements which are denominated in either U.S. dollars or foreign currencies, to certain SPEs that have issued either debt securities or commercial paper for which payment of interest and principal is secured by such funding agreements. During the years ended December 31, 2015,...
108
10K
4639
864
The increase in our operating costs for 2011 was due to business growth, including an increased mix of Optum and UnitedHealthcare fee-based and service revenues, which have higher operating costs, and increased spending related to reform readiness and compliance. These factors were partially offset by overall operating...
75
10K
PhoenixGroupHoldingsPLC-AR_2018
57
CAPITAL MARKETS DAY In November Phoenix held a very well-attended Capital Markets Day to provide an update on the Standard Life Assurance acquisition. The presentation illustrated how Phoenix has evolved from being a ‘closed’ business to a consolidator of both Open and Heritage life businesses.
45
annual_report
5592
1,608
under the 2013 Plan of which 1,972,068 shares are available for future grant as of December 31, 2018.
18
10K
PhoenixGroupHoldingsPLC-AR_2016
129
The customer strategy at Phoenix Group is focused on improving customer outcomes. Security of our customer assets is foremost, followed by our aim to maximise returns wherever possible but primarily through enhanced distribution of the estate within the life funds. We delivered an additional £103 million of distributab...
133
annual_report
1921
701
None of the Company's customers represented more than 10% of the Company's consolidated commissions and fees for the years ended December 31, 2002, 2001 and 2000.
26
10K