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3569
873
The influence of each of these factors is not easily quantifiable and our historical asbestos loss development is of limited value in determining future asbestos loss development using traditional actuarial reserving techniques.
32
10K
4685
928
$64 million of net favorable prior year reserve development on our property and other business, the majority of which related to the 2009 through 2011 accident years ($42 million) and the 2008 accident year ($17 million). While development was primarily driven by better than expected loss emergence, $7 million of the 2008 accident year amount was due to the final settlement of two Hurricane Ike claims.
66
10K
3710
1,160
Represents the amount of death benefit in excess of the account balance. The increase in net amount of risk when comparing December 31, 2008, to December 31, 2007, was attributable primarily to the decline in equity markets and associated reduction in the account values.
44
10K
3075
881
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated balance sheet of the Company as of December 31, 2006, and the related consolidated statements of operations, stockholders’ equity and comprehensive income, and cash flows for the year ended December 31, 2006, and our report dated March 16, 2007 expressed an unqualified opinion on those consolidated financial statements.
68
10K
4481
826
The PBM and pharmacy industries are intensely competitive, generally resulting in continuous pressure on gross profit as a percentage of total revenue. In recent years, industry consolidation and dramatic growth in managed healthcare have led to increasingly aggressive pricing of PBM services. Given the pressure on all parties to reduce healthcare costs, the Company expects this competitive environment to continue for the foreseeable future. In order to remain competitive, the Company looks to continue to drive purchasing efficiencies of pharmaceuticals
80
10K
4836
1,030
The assumed health care cost trend rate has a significant effect on the service and interest cost components of the net periodic benefit cost and the benefit obligation reported for the postretirement benefit plans. A one-percentage-point change in the assumed health care cost trend rate would have the following effects on the plan:
53
10K
4376
784
The following table sets forth selected operating ratios for the years ended December 31, 2011, 2010 and 2009. All ratios, with the exception of the HBR, are shown as a percentage of total revenues.
34
10K
4157
1,162
On October 1, 2007, LMC Health Plans entered into the Leon Medical Services Agreement with Leon Medical Centers (“LMC”) pursuant to which LMC provides or arranges for the provision of certain medical services to LMC Health Plans’ members. The Leon Medical Services Agreement is for an initial term of approximately 10 years with an additional five-year renewal term at LMC Health Plans’ option. Mr. Leon is the majority owner and chairman of the board of directors of LMC.
78
10K
AvivaPLC-AR_2009
3,399
The Group has unrecognised tax losses and other temporary differences of £2,975 million (2008: £2,961 million) to carry forward against future taxable income of the necessary category in the companies concerned. Of these, trading losses of £127 million will expire within the next 15 years. The remaining losses have no expiry date.
52
annual_report
3609
762
• American Agri-Business Insurance Company, managed by ARMtech Insurance Services, Inc. (collectively ‘‘ARMtech’’), both domiciled in Texas.
17
10K
INGGroepNV-AR_2009
132
ING also seeks a ruling on the price leadership restrictions and the proportionality of the restructuring requirements demanded by the EC. ING believes it is in the interest of all its stakeholders to use the opportunities provided by law to let the General Court review these elements of the EC’s decision. The appeal does not alter ING’s commitment to execute its Restructuring Plan as announced on 26 October 2009. ING stands firmly behind its strategic decision to separate Banking and Insurance operations and divest the latter. These processes are on track and will continue as planned.
96
annual_report
1753
312
A reinsurance intermediary subsidiary of Gallagher includes only amounts relating to brokerage commission revenue in premiums and fees receivable in the accompanying consolidated balance sheets. The premiums and claims receivable and payable, as well as the related excise taxes payable, associated with the reinsurance brokerage commission revenue, are not included in the accompanying consolidated balance sheets because they are not assets and liabilities of Gallagher. The excluded amounts are as follows (in thousands):
73
10K
5906
7,459
As part of our ongoing valuation process, we assess the reasonableness of our valuation techniques or models and make adjustments as necessary. For more information, see Note 1.
28
10K
fr_axa-AR_2014
3,969
operates, the income and capital gains on savings products, including when they are included inside life insurance contracts, benefi t from a favourable tax treatment. This leads to a lower effective tax rate for life insurance companies. Over the last several years, and notably following the fi nancial crisis, this difference has trended down.
54
annual_report
5279
1,363
The discount rate used to determine the fair value of the Company's GMAB, GMWB, GMWBL and FIA embedded derivative liabilities includes an adjustment to reflect nonperformance risk. The nonperformance risk adjustment incorporates a blend of observable, similarly rated peer holding company credit default swap spreads, adjusted to reflect the credit quality of the Company, the issuer of the guarantee, as well as an adjustment to reflect the priority of policyholder claims.
71
10K
TrygAS-AR_2012
476
(DKK -7m) and thus fulfilled the targets for this part of the portfolio.
13
annual_report
ch_zurich_insurance_group-AR_2010
1,084
• Insurance – risk associated with the inherent uncertainty regarding the occurrence, amount or timing of insurance liabilities
18
annual_report
2884
4,176
(2)Investments in subsidiaries include approximately $2.7 billion invested in countries outside of the U.S., primarily denominated in the British Pound, the Euro, the Canadian dollar and the Australian dollar.
29
10K
4267
633
Giving full effect to the carryback of net operating losses for federal income tax purposes, we have approximately $1,237 million of net operating loss carryforwards on a regular tax basis and $428 million of net operating loss carryforwards for computing the alternative minimum tax as of December 31, 2010. Any unutilized carryforwards are scheduled to expire at the end of tax years 2029 and 2030.
65
10K
BaloiseHoldingLtd-AR_2002
137
Bean-counters are out. Creative minds go beyond the common-place. They add elegance and the seeds for tomorrow’s solutions.
18
annual_report
2152
1,240
(2) The $75.0 million ten-year equity-linked note issued by Allstate in October of 1999 was redeemed by Allstate at par plus accrued interest.
23
10K
BaloiseHoldingLtd-AR_2006
285
VORABDRUCK Chairman of the Board Rolf Schäuble (left) and CEO Frank Schnewlin.
12
annual_report
4248
1,141
The net unrealized gain position of our CMBS portfolio was $8.3 million as of December 31, 2010 as compared with a net unrealized loss position of $28.2 million as of December 31, 2009. This improvement in the net unrealized position was primarily attributable to a decrease in yields. We analyze our CMBS on a periodic basis using default loss models based on the performance of the underlying loans. Performance metrics include delinquencies, defaults, foreclosures, debt-service-coverage ratios and cumulative losses incurred. The expected losses for a mortgage pool are compared to the current level of credit support, which generally represents the point at which our security would experience losses. We evaluate projected cash flows as well as other factors in order to determine if a credit impairment has occurred. Our portfolio consists primarily of senior tranches of CMBS with high credit ratings and strong credit support.
145
10K
2142
2,206
As of December 31, 2003, the duration of our investments that support the insurance reserves was 3.4 years and the duration of our insurance reserves was 2.8 years. The difference in the duration of our investments and our insurance reserves reflects our decision to maintain a longer asset duration in order to enhance overall yield.
55
10K
4631
10,247
The following discussion contains “forward-looking statements”. White Mountains intends statements that are not historical in nature, which are hereby identified as forward-looking statements, to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. White Mountains cannot promise that its expectations in such forward-looking statements will turn out to be correct. White Mountains’ actual results could be materially different from and worse than its expectations. See “FORWARD-LOOKING STATEMENTS” on page 102 for specific important factors that could cause actual results to differ materially from those contained in forward-looking statements.
95
10K
1730
365
Diluted EPS Net income attributable to common shares and assumed option and warrant exercises $2,067,412 4,709,794 $.44 ========== ========= ====
20
10K
SwissReAG-AR_1984
72
Special lines: Engineering, Aviation, Nuclear energy, Marine A. Bai, Executive Manager H. Fischer, Executive Manager W. Künzie, Executive Manager J.W. Youngs, Executive Manager M.-A. Bloesch, Manager M.Gasche, Manager W. Hersberger, Manager H. Lüthi, Manager O. Oisson, Manager H.F.Enzmann, Member ot Management H.Tiedemann, Member ot Management
45
annual_report
NatwestGroupPLC-AR_2006
660
Other administrative expenses, up 1%, £34 million to £2,626 million reflected efficiency improvements whilst supporting higher business volumes.
18
annual_report
867
104
Policy acquisition costs increased significantly in 1998 reflecting $6,700,000 in expense recovery recognized in 1997 and in lower reinsurance commission credits in 1998. In 1998 certain quota share reinsurance agreements covering automobile business were restructured under less favorable terms limiting loss recovery provisions. The effect of these changes flows through the reinsurance commission credits.
54
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007
1,872
Share buy-backs – – – – 259 – – – – – – 259
14
annual_report
INGGroepNV-AR_2007
985
Our independent registered public accounting fi rm has audited and issued their report on ING’s internal control over fi nancial reporting, which appears on the following page.
27
annual_report
2031
876
shareholders under the laws of Bermuda. However, the Bermuda courts ordinarily would be expected to follow English case law precedent, which would permit a shareholder to commence an action in the name of the company to remedy a wrong done to the company where an act is alleged to be beyond the corporate power of the company, is illegal or would result in the violation of our memorandum of association or bye-laws. Furthermore, courts would review acts that are alleged to constitute a fraud against the minority shareholders or where an act requires the approval of a greater percentage of our shareholders than actually approved it. The winning party in such an action generally would be able to recover a portion of attorneys' fees incurred in connection with such action. Our bye-laws provide that shareholders waive all claims or rights of action that they might have, individually or in the right of the company, against any director or officer for any act or failure to act in the performance of such director's or officer's duties, except with respect to any fraud or dishonesty of such director or officer.
188
10K
de_allianz-AR_2007
2,182
Deferred acquisition costs Property-Casualty 3,675 3,692 Life/Health 14,118 13,619 Asset Management 94 50
13
annual_report
4781
750
Segment Net Operating Income in the Life and Health Insurance segment was $90.8 million for the year ended December 31, 2012, compared to $98.9 million in 2011.
27
10K
AvivaPLC-AR_2006
1,390
Sickness In line with senior management terms ie 100% basic salary for 52 weeks, and 75% thereafter.
17
annual_report
2466
574
In the fourth quarter of 2003, we reorganized our executive compensation consulting practices. As part of the reorganization, some of the operations and employees of the Human Capital Practice were transferred to the Pearl Meyer & Partners Practice. In addition, four partners and six staff members were terminated which resulted in exiting certain activities of the practice and creating unused leased office space in numerous cities. We recorded a charge of $7.5 million in the fourth quarter of 2003 relating to the reorganization of which $3.3 million remains on the consolidated balance sheet as of December 31, 2004.
98
10K
gb_lloyds_banking_grp-AR_2018
1,700
Board Committees are also provided with sufficient resources to discharge their duties.
12
annual_report
AegonNV-AR_2014
68
Preparation for the introduction of Solvency II, which will come into effect on January 1, 2016, was a key priority for 2014.
22
annual_report
4199
951
Acquisition Cost Ratio: The increase in the acquisition cost ratio of our reinsurance segment in 2009 versus 2008 primarily reflected changes in business mix and growth in lines with higher acquisition costs.
32
10K
5048
2,357
The net reserve re-estimates in 2006 were largely attributable to decreases in the reinsurance recoverable asset associated with older, long-term casualty liabilities, and unexpected unfavorable development on mature claims in both general liability and workers’ compensation. In contrast, catastrophe reserves related to the 2004 and 2005 hurricanes developed favorably in 2006.
51
10K
5017
958
BKFS Revenue Recognition. Within our BKFS segment, our primary types of revenues and our revenue recognition policies as they pertain to the types of contractual arrangements we enter into with our customers to provide services, software licenses, and software-related services either individually or as part of an integrated offering of multiple services. These arrangements occasionally include offerings from more than one segment to the same customer. We recognize revenues relating to mortgage processing, outsourced business processing services, data and analytics services, along with software licensing and software-related services. In some cases, these services are offered in combination with one another, and in other cases we offer them individually. Revenues from processing services are typically volume-based depending on factors such as the number of accounts processed, transactions processed and computer resources utilized.
131
10K
3950
1,441
We are subject to the risk that our investments will decline in value. This has occurred in the past and may occur again. During 2009, we recognized net realized investment losses of $60.5 million, which were comprised of $134.9 million of net gains from the sales of investments (primarily fixed maturities) and $195.4 million of writedowns of investments for other than temporary declines in fair value recognized through net income ($385.0 million, prior to the $189.6 million of impairment losses recognized through other comprehensive loss). During 2008, we recognized net realized investment losses of $262.4 million, which were comprised of: (i) $100.1 million of net losses from the sales of investments (primarily fixed maturities) and; (ii) $162.3 million of writedowns of investments for other than temporary declines in fair value. During 2007, we recognized net realized investment losses of $158.0 million, which were comprised of: (i) $52.5 million of net losses from the sales of investments (primarily fixed maturities); (ii) $31.8 million of writedowns of investments for other than temporary declines in the fair value; and (iii) $73.7 million of writedowns of investments (which were subsequently transferred pursuant to a coinsurance agreement as further discussed in the note to the consolidated financial statements entitled “Summary of Significant Accounting Policies”) as a result of our intent not to hold such investments for a period of time sufficient to allow for any anticipated recovery in value.
234
10K
1929
1,253
securities issued by privately held companies that are generally restricted as to resale or are otherwise illiquid and do not have readily ascertainable market values. Investments in privately held securities issued by privately held companies may include both equity securities and securities convertible into, or exercisable for, equity securities (some of which may have fixed maturities). Our privately held equity securities, which at December 31, 2002 were carried at a fair value of $31.5 million, have exposure to price risk. The estimated potential losses in fair value for our privately held equity portfolio resulting from a hypothetical 10% decrease in quoted market prices, dealer quotes or fair value is approximately $3.2 million at December 31, 2002.
116
10K
LloydsBankingGroupPLC-AR_2001
612
M Kent Atkinson Group Finance Director Joined Bank of London & South America in 1964, which became a Lloyds Bank subsidiary in 1971, and held a number of senior and general management appointments, including positions in Latin America and the Middle East, before being appointed to the board in 1997. A non-executive director of Coca-Cola HBC SA. Aged 56.
59
annual_report
AegonNV-AR_2018
2,489
Commissions and expenses Commissions and expenses increased by 6% compared with 2017 to EUR 6.7 billion in 2018. Operating expenses decreased by 2% compared with 2017 to EUR 3.8 billion in 2018. Expense savings and the divestment of UMG in 2017 more than offset restructuring expenses associated with the acquisitions of Cofunds and BlackRock’s defined contribution business in the United Kingdom as well as the partnership with TCS
68
annual_report
SwissReAG-AR_2020
3,416
To take our dedicated approach towards climate risk management one step further, we started to measure the carbon intensity of our government bonds in 2020. We implemented a widely adopted approach for these bonds, which constitute the largest holding within our investment portfolio. Here, the metric “weighted average carbon intensity” is also defined as the portfolio carbon intensity based on relative investment share but is combined with an additional element allowing for the comparison of the carbon intensity of economies. The greenhouse gas emissions of a specific bond’s issuing country are divided by its gross domestic product adjusted by purchasing power parity (PPP). This enables the equitable comparison of carbon intensity in terms of physical production and corresponding environmental impact.
120
annual_report
3131
1,844
•The U.K. and Europe, Middle East & Africa represents organic revenue growth.
12
10K
1408
333
Financial Products include annuity contracts that offer a variety of funding and payout options for individual and employer-sponsored retirement plans qualified under Internal Revenue Code Sections 401, 403, 408 and 457, nonqualified annuity contracts and mutual funds. Annuity contracts may be deferred or immediate ("payout annuities"). These products also include programs offered to qualified plans and nonqualified deferred compensation plans that package administrative and recordkeeping services along with a menu of investment options, including mutual funds (both ALIAC and nonaffiliated mutual funds), variable and fixed investment options. Financial Products also include investment advisory services and pension plan administrative services.
99
10K
NatixisSA-AR_2020
9,045
Before this change was applied, the amounts of premiums accrued and premiums outstanding were respectively presented in the balance sheet under “Miscellaneous debtors” and “Miscellaneous creditors”, separately from the sections on options purchased or sold to which they relate.
39
annual_report
3173
8,274
Cash used in investing activities decreased from $324.3 million during fiscal 2005 to $245.4 million during fiscal 2006, primarily as a result of the $50.9 million of direct acquisition costs we paid during fiscal 2005 related to the Merger, the $87.7 million purchase price paid for the Massachusetts hospitals offset by a $46.3 million period over period increase in capital expenditures.
61
10K
2794
424
Investments are the largest asset group of the Company. The Company's insurance subsidiary is regulated by insurance statutes and regulations as to the type of investments it is permitted to make, and the amount of funds that may be used for any one type of investment. In light of these statutes and regulations, and the Company's business and investment strategy, the Company generally seeks to invest in United States government and government agency securities and other high quality low risk investments. Many insurance companies have suffered significant losses in their investment portfolios in the last few of years; however, because of the Company's conservative investment philosophy the Company has avoided such significant losses.
113
10K
ch_zurich_insurance_group-AR_2009
897
The Group’s underwriting strategy is to take advantage of the diversifi cation of general insurance risks across industries and geographic regions in which the Group operates. The Group seeks to optimize shareholder value by achieving its mid-term return on equity goals. Doing so necessitates a prudent, stable underwriting philosophy that aims to take advantage of our competitive strengths while avoiding risks with disruptive volatility. At the core of the Group’s underwriting is a robust governance process. Our four major processes for underwriting governance – underwriting strategy, authorities, referrals and reviews – are implemented at Group and local levels.
98
annual_report
NatixisSA-AR_2017
746
Member of the BPCE Management Board – Chief Executive Officer ina charge of Group Finance, Strategy Legal Affairs Departments, and Secretary's Office of the Governing Bodies (from 05.02.2016 to 01.01.2018)
30
annual_report
fr_axa-AR_2002
1,304
It included €–72 million of liquidity risk reserve (€–47 million net Group share), maintained in Group consolidated accounts for French regulatory reasons, relative to French Insurance companies, and despite the fact that analyses performed did not demonstrate any liquidity risk on assets in portfolio.
44
annual_report
NatixisSA-AR_2008
4,315
D.C. and California. The complaints allege a conspiracy between providers and brokers of municipal derivatives to fi x prices, rig bids and allocate customers between 1992 and 2006. The various plaintiffs have also named some thirty-plus other U.S.
38
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2002
2,062
Tax on earnings is made up as follows: All figures in €m 2002 Prev. year
15
annual_report
2722
1,845
The Company also owns warrants to purchase additional shares relating to its investment in Covansys Corporation (“Covansys”). From September 2004 until March 25, 2005, the Company accounted for the warrants under SFAS No. 133 as the warrants were considered derivative instruments. At the date of the Covansys acquisition, the warrants were recorded at fair value aggregating $23.5 million. During the first quarter of 2005, the Company recorded a loss of $4.4 million on the decrease in fair value of the warrants through March 25, 2005 which is reflected in the Consolidated Statement of Earnings in realized gains and losses. On March 25, 2005, the terms of the warrants were amended such that the accounting for the investment in the warrants is now governed by the provisions of SFAS No. 115, “Accounting for Certain Investments in Debt and Equity Securities”, and changes in the fair value of the warrants are recorded in other comprehensive earnings. During 2004, the Company did not engage in any hedging activities and thus recorded all derivative financial instruments at fair value in the Consolidated Balance Sheet and all changes in
184
10K
1389
811
During 1999, there were 42,577 shares of AIG common stock issued under the SunAmerica Inc. employee stock purchase plan at a weighted average price of $32.60. There are no further shares available for grant under this plan.
37
10K
HelvetiaHoldingAG-AR_2017
1,843
Gains reclassified to the income statement due to disposals – 152.7 – 175.5 – – – – – 152.7 – 175.5
21
annual_report
1690
386
The California HMO and Maxicare Life and Health Insurance Company, Inc. continue to contribute to the payment of the capital and operating lease obligations of MHP. Although there can be no assurance that such payments will continue, management believes it likely that the California HMO and Maxicare Life and Health Insurance Company, Inc. will together contribute approximately $675,000 to the payment of operating lease obligations and $690,000 to the payment of capital lease obligations, respectively, in 2002. Such payments by the California HMO and Maxicare Life and Health Insurance Company, Inc. are unlikely to continue after December 31, 2002.
99
10K
1351
428
Non-life insurance investments. Income before income taxes decreased $2.8 million from 1998 to 1999. The primary reason for the decrease is a $3.1 million decrease in net realized investment gains on the sale of investment properties in 1999 compared to 1998. Income before income taxes decreased $3.8 million from 1997 to 1998. The primary reasons for the decrease were (i) a decrease in income from Argus and (ii) a decrease in net realized investment gains on the sale of investment properties in 1998 compared to 1997.
86
10K
LloydsBankingGroupPLC-AR_2007
672
Employee engagement survey Every quarter a comprehensive confidential employee survey is undertaken on-line to gauge employees viewpoints on key engagement issues. Our group chief executive personally agrees the content of our employee engagement survey, demonstrating our commitment and investment in understanding our employee’s view. Over the last three years the overall employee engagement index has increased to 75.3 per cent and response rates have been consistently above 70 per cent.
70
annual_report
5232
625
The accompanying consolidated financial statements have been prepared in conformity with generally accepted accounting principles (GAAP) which vary in certain respects from reporting practices prescribed or permitted by insurance regulatory authorities. The significant differences for statutory reporting include: (a) acquisition costs of acquiring new business are charged to operations as incurred, (b) life policy liabilities are established utilizing interest and mortality factors specified by regulatory authorities, (c) the Asset Valuation Reserve (AVR) and the Interest
75
10K
4867
2,107
results of operations. The payment of claims and sale of investments earlier than anticipated would have an impact on the reported level of cash flow from operating, investing, and financing activities, respectively, in our financial statements. Historically, there has been no significant variation between the expected maturities of our investments and the payment of claims.
55
10K
AdmiralGroupPLC-AR_2014
1,272
£2 million. Awards over £1 million are subject to a maximum of 600% of base salary.
16
annual_report
4230
1,780
2009 to 2008 Annual Comparison. Adjusted operating income decreased $9 million, from $340 million in 2008 to $331 million in 2009. Results for 2008 include a $20 million benefit from a premium adjustment for updated data on a large group life insurance case. Also included in results for 2008 is a $13 million benefit, as compared to a net benefit of zero in 2009, from refinements in group disability reserves as a result of annual reviews. Excluding the benefits in 2008 from the premium adjustment and annual reserve refinements, adjusted operating income increased $24 million due to improved underwriting results in 2009 in both our group life and group disability businesses primarily related to business growth, which was partially offset by a related increase in operating expenses.
127
10K
AvivaPLC-AR_2010
662
Change in investment contract provisions (8,741) (11,185) 10,629 Change in unallocated divisible surplus 329 (1,547) 4,482 Fee and commission expense (5,867) (4,396) (4,411) Other expenses (3,537) (5,366) (5,416) Finance costs (1,422) (1,519) (1,547)
33
annual_report
ASRNederlandNV-AR_2008
565
Expected return on plan assets 0 58 46 0 0 0 Costs of elapsed length of service 3 3 -20 0 0 0 Amortisation of unrecognised actuarial losses (gains) 2 0 -2 2 2 0
35
annual_report
SwissLifeHoldingAG-AR_2019
3,351
Swiss Life Assurance Solutions S.A., Luxembourg Other until 23.09.2019 – –
11
annual_report
gb_prudential-AR_2017
3,499
Earnings per share are calculated based on earnings attributable to ordinary shareholders, after related tax and non‑controlling interests. The weighted average number of shares for calculating earnings per share, which excludes those held in employee share trusts and consolidated unit trusts and OEICs, is set out as below: millions millions
50
annual_report
5714
1,380
Risk margins are established to capture non-capital market risks which represent the additional compensation a market participant would require to assume the risks related to the uncertainties regarding the embedded derivatives, including future policyholder behavior related to persistency. The determination of the risk margin is highly judgmental given the lack of a market to assume the risks solely related to the embedded derivatives of our fixed index annuity products.
69
10K
gb_prudential-AR_2008
1,530
Summary of statutory and supplementary IFRS and EEV basis results Year ended 31 December 2008
15
annual_report
4178
2,075
The Company leases its London headquarters building under a 25-year operating lease, which expires in 2032. The Company’s contractual obligations in relation to this commitment included in the table above total $744 million (2009: $785 million). Annual rentals are $31 million per year and the Company has subleased approximately 25 percent of the premises under leases up to 15 years. The amounts receivable from subleases, included in the table above, total $87 million (2009: $100 million; 2008: $106 million).
79
10K
ASRNederlandNV-AR_2010
1,501
F a ir v a lu e t h r o u g h p r o Fi t o r l o ss in v es tm en t s a va il a b le
37
annual_report
fr_axa-AR_2009
4,801
Current diffi cult market conditions may require us to offer rights, warrants or similar securities at prices much below the thencurrent market price in order to help fund acquisitions and other expansion plans, as well as improvements to our existing infrastructure and other business activities. This may adversely affect the market price of our ordinary shares and our ADSs and have a dilutive effect on the ownership and voting percentages of existing shareholders.
73
annual_report
4014
2,999
(1)financial guaranty direct, which includes transactions whereby the Company provides an unconditional and irrevocable guaranty that indemnifies the holder of a financial obligation against non-payment of principal and interest when due, and may take the form of a credit derivative. This segment includes the results of operations for AGMH as of the Acquisition Date forward, including business these entities have ceded to AG Re, which was included in the Company's financial guaranty reinsurance business prior to the Acquisition Date;
79
10K
StorebrandASA-AR_2015
1,004
Intangible assets with unlimited useful economic lives are not amortised, but are tested for impairment annually or whenever there are indications that the value has been impaired.
27
annual_report
BeazleyPLC-AR_2015
1,176
Following changes to pension tax legislation that came into force from April 2011, an equivalent cash alternative may be offered if an individual exceeds the lifetime or annual allowance.
29
annual_report
3712
557
The deferral and amortization of deferred acquisition costs was higher in both 2008 and 2007 relative to the prior year comparable period due primarily to continued growth in certain of our product lines. Amortization also increased in 2008 due to an increase in the amortization related to Unum US internal replacement transactions that result in a policy that is substantially changed as well as slightly elevated persistency in certain policy issue years.
72
10K
5195
1,123
General and administrative expense. General and administrative expense increased by $2.2 million, or 17.3%, from $12.4 million for the year ended December 31, 2015 to $14.6 million for the year ended December 31, 2016. The increase was primarily due to investment in strategic growth and professional fees.
47
10K
2589
1,345
issued by General American between January 1, 1982 through December 31, 1996. An appellate court has affirmed the order approving the settlement. The class includes owners of approximately 250,000 in-force or terminated policies.
33
10K
AdmiralGroupPLC-AR_2019
4,265
In 2019 a non-cash impairment loss of £65.9 million has been recognised by the parent company in respect of its investment in the Group’s US insurance business Elephant Auto. The impairment charge is presented within the “Impairment losses” line of the Parent Company Income Statement and reduces the value of the investment to its recoverable amount, being its value in use, of £39.9 million.
64
annual_report
5825
2,557
The reinsurance recoverable on loss reserves was $95.0 million as of December 31, 2020 and $21.6 million as of December 31, 2019.The reinsurance recoverable balance is secured by funds on deposit from the reinsurers, the amount of which is based on the funding requirements of PMIERs. Each of the reinsurers under our quota share reinsurance agreements described above has an insurer financial strength rating of A- or better (or a comparable rating) by Standard and Poor's Rating Services, A.M. Best, Moody's, or a combination of the three. An allowance for credit losses was not required for 2020.
97
10K
ScorSE-AR_2016
5,067
●● In Germany: “Learning over Lunch” events continue to take place, with objectives such as the ways to help parents manage specific parental situations; there is one woman on the local Management Committee; parttime or flexible working arrangements are discussed to alleviate the difficulties faced by certain employees; paternity leave and child/parent care leave are promoted, teleworking is being considered (implementation of a pilot scheme), personal coaching and support and assistance for older employees are also in place, along with a pension scheme adaptable according to the employee’s personal circumstances. During the Global diversity week, a presentation was made by an external stakeholder to raise awareness of the employees on the questions of the communication between the different generations.
119
annual_report
AdmiralGroupPLC-AR_2011
655
The Board considers eight of the Non-Executive Directors to be independent and is not aware of any relationships or circumstances which are likely to affect, or could appear to affect, the judgement of any of them. It is the view of the Board that the independent Non-Executive Directors are of sufficient calibre and number that their views carry significant weight in the Board’s decision making, and that they are free from any relationship or circumstance that could affect, or appear to affect, their independent judgement.
85
annual_report
StandardLifeAberdeenPLC-AR_2014
787
As well as the following specific items: January to March July to September • Annual report and accounts 2013 • Strategic report and financial highlights 2013 • Current material legal actions and litigation to support contingencies and commitments disclosure.
39
annual_report
SwissReAG-AR_2017
712
“ Our strong investment result and steady performance provide a significant value driver for the Group.”
16
annual_report
fr_axa-AR_2010
6,100
(b) Includes impact of reinsurance and change in liabilities arising from contracts where the fi nancial risk is borne by policyholders.
21
annual_report
5340
20,037
We record transfers of assets into or out of Level 3 at their fair values as of the end of each reporting period, consistent with the date of the determination of fair value. During the year ended December 31, 2016, we had no material transfers in or out of Level 3.
51
10K
3281
1,370
We provide details of our three long-term notes in Item 8, Note 7 of the Consolidated Financial Statements, Page 96. None of the notes are encumbered by rating triggers.
29
10K
4892
1,883
Gross written premium increased 9.7% in 2014 compared to 2013 due largely to our insurance lines which grew across all major business lines with premium reductions limited to marine, aviation and energy lines written by our U.K.-based teams. Our U.S.-based operations continued to generate significant premium growth of $187.5 million compared to $138.8 million in 2013. In our reinsurance segment, the increase in gross written premiums was across all lines of business with the exception of casualty reinsurance. The increase in property catastrophe premiums is mainly attributable to the impact of our Aspen Capital Markets division which has enabled us to increase line sizes. The increase in other property reinsurance is predominately due to growth in our pro rata business across most regions. Gross written premiums in casualty reinsurance decreased primarily due to reductions in prior-year premiums estimates and planned reductions in some casualty lines. Specialty reinsurance has maintained its level of written premium as growth in specialty marine has offset reductions in credit and surety.
166
10K
NatwestGroupPLC-AR_2010
4,303
30 Reserves On 1 January 2008, the merger reserve comprised the premium on shares issued to acquire NatWest less goodwill amortisation charged under previous GAAP. No share premium was recorded in the company financial statements through the operation of the merger relief provisions of the Companies Act 1985.
48
annual_report
gb_prudential-AR_2019
2,884
Directors * Benefits include the cost of providing the use of a car and driver, medical insurance and security arrangements (including any tax thereon). † Each remuneration element is rounded to the nearest £1,000 and totals are the sum of these rounded figures. Total remuneration is calculated using the methodology prescribed by Schedule 8 of the Companies Act. The Chairman and Non-executive Directors are not entitled to participate in annual bonus plans or long-term incentive plans. ‡ Total remuneration has been converted to US dollars using the exchange rate of 1 GBP to 1.2765 USD for the 2019 single figure calculations and 1 GBP to 1.3352 USD for the 2018 single figure calculations.
113
annual_report
2927
642
Title plants are recorded at the cost incurred to construct and organize historical title information to the point it can be used to perform title searches. Cost incurred to maintain, update and operate title plants are expensed as incurred. Title plants are not amortized as they are considered to have an indefinite life if maintained.
55
10K
PhoenixGroupHoldingsPLC-AR_2019
2,105
• Payment comprises salary plus certain benefits plus pension� • Paid monthly and subject to reduction in relation to payments for the periods from 10 March 2019 onwards if a new role found� 2019 AIP • Paid in the normal way including 40% deferral in line with the current policy� 2020 AIP • Eligible for payment to termination date�
59
annual_report
ch_zurich_insurance_group-AR_2014
615
Mike Foley CEO North America Commercial and Regional Chairman of North America Nationality: U.S. Born: 1962
16
annual_report
RSAInsuranceGroupPLC-AR_2009
453
Our CR data, processes and external reporting are verified by the Corporate Citizenship Company (AA1000, GRI, ISAE3000) with an extra audit of the Group’s carbon footprint forming part of our offsetting due diligence (GHG Protocol). We use a web-based environmental management system to help collect and analyse data across RSA.
50
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012
2,234
Increase Reduction by one by one percentage percentage €m point point Present value of defined benefit obligations 36 –27 Pension expenses 3 –2
23
annual_report
TopdanmarkAS-AR_2018
564
Note 16. Tangible assets Operating Ownerequip - occupied 2017 ment properties Total
12
annual_report
gb_lloyds_banking_grp-AR_2016
2,231
Juan Colombás 3,145,458 08/03/2016 44,355 Release of 2012 Deferred Bonus 08/03/2016 277,981 Release of 2013 Deferred Bonus 08/03/2016 1,785,116 Vesting of 2013 LTIP
23
annual_report