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NatixisSA-AR_2017
8,377
Furthermore, the non-audit services that we provided to your Company and its controlled undertakings during the fiscal year that are not disclosed in the management report or the notes to the parent company financial statements are as follows: PricewaterhouseCoopers Audit: the main engagementsa conducted in fiscal year...
60
annual_report
nl_ing_grp-AR_2015
1,251
The Nomination Committee also discussed the ECB request, stemming from the ECB’s enhanced role as supervisor, for access to information on ING candidates for board positions in the context of discussions on succession and contingency planning.
36
annual_report
2875
456
In 2005, the Company appointed 58 new agency partners. Each year the Company terminates its relationship with some agencies. On occasion the Company has had to either terminate or suspend several fast growing but unprofitable agencies, as has been the case within the Company’s nonstandard segment, but for the most part...
80
10K
gb_prudential-AR_2010
2,548
Dilution of PruHealth investment – – – – – 56 56
11
annual_report
RSAInsuranceGroupPLC-AR_2015
239
The call centre, which we operate on behalf of John Lewis, was also recognised for outstanding customer service in 2015 when it was ranked number one in the Which? call centre customer satisfaction survey. Particularly valued were the staff’s knowledge, politeness and helpfulness. This same centre was also featured on ...
105
annual_report
NatixisSA-AR_2015
7,367
As required by law, we also specifi cally verifi ed the information presented in the Group’s Management report, in accordance with the professional standards applicable in France.
27
annual_report
5056
2,113
Summit, the workers’ compensation insurance business that AFG acquired in April 2014, collects fees from a small group of unaffiliated insurers for providing underwriting, policy administration and claims services. In addition, certain of AFG’s property and casualty businesses collect fees from customers for ancillary ...
155
10K
NatixisSA-AR_2009
2,087
Natixis cannot freely sell its 20% equity interests in Banques Populaires or Caisses d’Epargne, and in some circumstances could be required to resell them
24
annual_report
3549
1,618
Higher universal life and investment-type product policy fees combined with other revenues of $267 million resulted from a combination of growth in the business and improved overall market performance. Policy fees from variable life and annuity and investment-type products are typically calculated as a percentage of th...
63
10K
fr_axa-AR_2014
2,653
Executive Offi cer of Cap Gemini France. In May 2000, following the merger between Cap Gemini and Ernst & Young Consulting
21
annual_report
TrygAS-AR_2017
1,334
Trademarks and customer relations Trademarks and customer relations have been identified as intangible assets on acquisition. The intangible assets are recognised at fair value at the time of acquisition and amortised on a straight-line basis over the expected economic lifetime of 5-15 years.
43
annual_report
2824
1,387
During 2003, the Company adopted FIN 46 and FIN 46(r). Certain of the Company's investments in real estate joint ventures and other limited partnership interests meet the definition of a variable interest entity ("VIE") and have been consolidated, in accordance with the transition rules and effective dates, because the...
88
10K
HannoverRueckSE-AR_2011
572
sulting in a net strain of around EUR 7 million for our account.
13
annual_report
AegonNV-AR_2012
2,695
J. Exercise of option rights Senior executives at Aegon companies and other employees have been granted share appreciation rights and share options.
22
annual_report
GjensidigeForsikringASA-AR_2012
1,806
Pension expense recognized in profit or loss Current service cost 56.2 62.8 Interest cost 82.0 96.8 Expected return on plan assets (93.6) (98.8) Past service cost (1.0) Employers' national insurance contributions 7.9 8.5 Total defined benefit pension cost 52.5 68.3
40
annual_report
1961
552
Short-term debt consists of Torchmark’s commercial paper outstanding. The commercial paper balance outstanding at December 31, 2002 was $201 million at carrying value, compared with a balance of $204 million a year earlier. The commercial paper borrowing balance fluctuates based on Torchmark’s current needs.
44
10K
ASRNederlandNV-AR_2011
519
The Supervisory Board discussed at length the evaluation of the performance of the Executive Board and whether or not to award variable pay. In light of the public debate about bonuses, it was decided not to award any short-term variable pay over 2010 and to formulate a new remuneration policy that will govern the Exec...
118
annual_report
StorebrandASA-AR_2003
228
The Board of Directors wishes to thank the retiring members of the Board of Directors and the Board of Representatives for the valuable contribution they have made to the company.
30
annual_report
SwissLifeHoldingAG-AR_2007
396
PRODUCT DESIGN | Swiss Life offers its customers the products they need. These products include guaranteed commitments while allowing customers to participate in positive market trends. In designing products, Swiss Life coordinates asset and liability management and the distribution policy to ensure that future develop...
114
annual_report
NatixisSA-AR_2007
9,503
The Banques Populaires CCI may be repurchased from Natixis on the initiative of each Banque Populaire, without the prior authorization of the special general meeting of CCI holders and with the prior authorization of the Board of Directors of
39
annual_report
3214
1,190
The Company periodically reviews recent accounting pronouncements issued by the Financial Accounting Standards Board, American Institute of Certified Public Accountants, Emerging Issues Task Force, and Staff Accounting Bulletins issued by the United States Securities and Exchange Commission to determine the potential i...
84
10K
4685
1,581
Tabular dollar and share amounts are in thousands, with the exception of per share amounts. All amounts are reported in U.S. dollars. To facilitate comparison of information across periods, certain reclassifications have been made to prior year amounts to conform to the current year's presentation.
45
10K
nl_ing_grp-AR_2016
6,995
LTV Residential Mortgages per country The table below shows the weighted average Loan-to-Value (LTV) ratio of the ING Bank Residential Mortgage portfolio per country. All LTV figures are based on market values. In most portfolios, ING uses house price developments to index these market values. In several markets, custo...
71
annual_report
LloydsBankingGroupPLC-AR_2018
4,290
Total other comprehensive income – 2,602 (1,028) 1,574 – – 1,574
11
annual_report
AegonNV-AR_2018
393
Increased investment in systems and new skills within workforce; need to retrain employees for new roles as a result of automation; improved and faster customer service, which could lead to increased retention.
32
annual_report
1560
569
December 31, (Amounts in thousands) ---------------------- 2000 1999 ---- ---- Deferred tax assets 20% of net unearned premium.................. $ 25,920 24,264 Tax asset on net unrealized loss on securities carried at market value.......... -- 21,253 Discounting of loss reserves and salvage and subrogation recoverable...
79
10K
4173
790
The remaining reduction in health benefits expense incurred during the year, related to prior years, of approximately $74.0 million, $50.9 million and $23.5 million for the years ended December 31, 2010, 2009 and 2008, respectively, primarily resulted from obtaining more complete claims information for claims incurred ...
141
10K
INGGroepNV-AR_2005
688
On the basis of these criteria the performance peer group is composed as follows: – Citigroup, Credit Suisse, Fortis, Lloyds TSB
21
annual_report
4688
1,145
Elimination of $15.0 million of reserves relating to super-storm Sandy based on additional information received from our client which indicated that the losses would not exceed the threshold of coverage provided under our contract. As a result of the reversal of loss reserves, we also reversed reinstatement premiums ea...
52
10K
AdmiralGroupPLC-AR_2019
805
Meanwhile in the UK, our loans business (AFSL) announced that they would be running an Open Banking trial for referred customers. This trial is helping us understand customer appetite for sharing their information through Open Banking and will also help our credit risk and pricing team review new sources of data to see...
59
annual_report
4435
1,025
Future policy benefits for universal life and investment-type contracts reflect the current account value before applicable surrender charges.
18
10K
1118
408
At December 31, 1998, 1997 and 1996, the carrying value of the Company's investment portfolio (total investments less investment in affiliates) was $948 million, $876 million and $797 million, respectively, on which was earned $53.4 million, $50.6 million and $47.5 million in those years, respectively, excluding $2.4 m...
104
10K
NatixisSA-AR_2016
10,536
(resolution twenty-one) Amendment to Article 11 of the by-laws can be convened by email.
14
annual_report
4157
825
The IBNR component of total medical claims liability is based on our historical claims data, current enrollment, health service utilization statistics, and other related information. Estimating IBNR is complex and involves a significant amount of judgment. Accordingly, it represents our most critical accounting estimat...
134
10K
SwissReAG-AR_2017
1,960
Group Functions and Business Units. He augments the Business Unit’s activities with targeted initiatives including direct investments and the Swiss Re Institute. He also systematically monitors and steers Group Strategy implementation.
31
annual_report
4378
1,060
The initial coverage limit increased to $2,930 from $2,840 in 2011.
11
10K
5557
966
Based on the applicable law and regulations, in 2019 AG Re has the capacity to (i) make capital distributions in an aggregate amount up to $128 million without the prior approval of the Authority and (ii) declare and pay dividends in an aggregate amount up to approximately $312 million as of December 31, 2018. Such div...
97
10K
4882
966
Ambac files a consolidated U.S. Federal income tax return with its subsidiaries. Ambac UK files tax returns in both the United Kingdom and Italy (for its Milan branch). Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying...
115
10K
SwissReAG-AR_2016
1,058
In addition, Risk Management proposes risk capacity limits to ensure compliance with overall risk appetite and risk tolerance criteria. The risk capacity limits represent an aggregated constraint to risk-taking and seek to ensure that Group-wide accumulation risks remain within acceptable levels. They allow for risk mo...
85
annual_report
5740
1,033
On December 20, 2019, we announced a change in our overall business strategy to accelerate growth within the Medicare segment. The IFP segment will be de-emphasized moving forward and our focus for IFP will be to maximize cash flows and enhance e-commerce capabilities. By decreasing emphasis on new business within the ...
73
10K
TopdanmarkAS-AR_2020
533
Gross premiums 10,942 10,984 Claims and benefits (4,138) (6,660) Pension return tax (122) (823)
14
annual_report
4635
1,004
See Note 1(q) and Note 2 for additional information on goodwill and other intangible assets.
15
10K
5513
6,141
Includes lump sum payments of $20.9 million and $6.3 million in 2018 and 2017, respectively, from our pension plan to eligible participants, which were former employees with vested benefits.
29
10K
2117
450
Effective on January 1, 2002, we adopted Statement of Financial Accounting Standards ("SFAS") No. 142, Goodwill and Other Intangible Assets. This statement addresses the accounting and reporting of goodwill and other intangible assets subsequent to their acquisition. Since adoption of SFAS No. 142 in July 2001, amortiz...
60
10K
LloydsBankingGroupPLC-AR_2012
4,652
The latest full valuations of the three main schemes were carried out as at 30 June 2011; the results have been updated to 31 december 2012 by qualified independent actuaries. The last full valuations of other Group schemes were carried out on a number of different dates; these have been updated to 31 december 2012 by ...
78
annual_report
Sampoplc-AR_2001
2,119
Discounts Debt securities in issue 1 1 89 DEBT SECURITIES IN ISSUE
12
annual_report
2042
1,199
LIFE, ACCIDENT AND HEALTH RESERVES Liabilities for future policy benefits under traditional life, accident and health policies are computed using the net level premium method. Computations are based on the original projections of investment yields, mortality, morbidity and surrenders and include provisions for unfavora...
63
10K
2326
507
Real estate investments meeting the following criteria are classified as “real estate to be disposed of” in the Company’s balance sheet and the results therefrom are reported as “Discontinued Operations” in the Company’s
33
10K
4778
1,244
During the fourth quarter of 2013, Ceridian entered into a memorandum of understanding to resolve claims brought by a putative class of U.S. Fueling Merchants. Under the terms of the memorandum of understanding, which will need to be finalized in a definitive settlement agreement and approved by the Court, Ceridian has...
154
10K
1899
634
On June 7, 1996, the New York State Supreme Court certified one of those cases, Goshen v. The Mutual Life Insurance Company of New York and MONY Life Insurance Company of America (now known as DeFilippo, et al v. The Mutual Life Insurance Company of New York and MONY Life Insurance Company of America), the first of the...
150
10K
AdmiralGroupPLC-AR_2010
788
LIABILITIES Insurance contracts 18 806.6 532.9 Deferred income tax 24 – 5.7 Trade and other payables 17, 22 561.0 306.8 Current tax liabilities 48.4 31.2 Total liabilities 1,416.0 876.6 Total equity and total liabilities 1,766.7 1,177.4
36
annual_report
4225
2,493
(a) Expressed as a percentage of gross notional amount of the referenced obligations. As a result of participation ratios and partial terminations, the attachment point may not always be computed by dividing net notional amount by gross notional amount.
39
10K
1262
375
In the opinion of management, the relocation of the North Carolina operations back to Winston-Salem, North Carolina, has allowed the Company to repair damaged relationships with agents and their clients who had suffered poor customer service during the consolidation efforts.
40
10K
NatwestGroupPLC-AR_2006
2,449
Subordinated liabilities Designated as at fair value through profit or loss 124 124 150 150 — — — —
19
annual_report
ScorSE-AR_2013
4,429
The table below shows the net results of retrocession for the years ended 31 December 2013, 2012 and 2011: In EUR million
22
annual_report
AdmiralGroupPLC-AR_2004
436
The remuneration of non-executive directors is decided by the full Board, the non-executive directors abstaining.
15
annual_report
SwissReAG-AR_2019
523
• Goodwill and other intangibles: EVM excludes the recognition of potential future new business activities, including potential renewals. As a result, no goodwill or other intangible assets are carried in the EVM balance sheet.
34
annual_report
AvivaPLC-AR_2001
392
Wim Dik (63) Non-executive director Appointed to the Board in 1999, having served as a Chairman of Nuts Ohra, a Dutch insurer acquired by the Group in 1999. A former Chairman of Nederlandse Unilever Bedrijven BV and former Chairman and Chief Executive Officer of KPN, Royal Dutch Telecom. Currently a member of the Super...
90
annual_report
5146
761
The U.S. Insurance Solutions segment has been impacted by lower interest rates for the past few years as well as decreases in our long-term interest rate assumptions. The current low interest rate environment has caused spread compression, whereas the decrease in long-term interest rate assumptions has led to higher re...
62
10K
4631
12,306
Historically, most asbestos claims have been asserted as product liability claims. Recently, insureds who have exhausted the available products liability limits of their insurance policies have sought from insurers such as OneBeacon payment for asbestos claims under the premises and operations coverage of their liabili...
202
10K
4609
1,047
Property and Casualty Insurance Reserve activity for the years ended December 31, 2012, 2011 and 2010 was:
17
10K
NatixisSA-AR_2019
7,772
-1% change in rate of increase in salaries and income (incl. inflation) (9.93)% (10.20)% (7.14)% (9.38)% (9.93)% (6.79)%
18
annual_report
BeazleyPLC-AR_2019
688
• Liquidity risk: Linked to the underwriting and credit risks noted above, there is a risk that losses resulting from unprecedented natural disasters or extreme weather could erode our ability to pay claims and remain solvent. The group establishes capital at a 1:200 level based on the prevailing business plan.
50
annual_report
AdmiralGroupPLC-AR_2019
1,994
• Received updates on the impact of a number of notifiable risk events throughout 2019.
15
annual_report
HelvetiaHoldingAG-AR_2012
2,606
Consolidated equity per share in CHF 323.2 372.2 366.3 392.0 441.3
11
annual_report
HannoverRueckSE-AR_2018
3,686
On the Supervisory Board Mr. Baumgartl and Dr. Sturany informed the Chairman of the Supervisory Board that they would be resigning their Supervisory Board mandates with effect from the end of the Annual General Meeting of Hannover Rück SE on 7 May 2018. Mr. Baumgartl also sat on the Standing Committee, the Finance and ...
102
annual_report
SwissLifeHoldingAG-AR_2018
698
– In past years we have strengthened our role as employer with our “Actively shaping your career” initiative, as well as arming ourselves for present and future challenges, and have thus established new standards. During the past year, we also continued to pursue our successful change process with an eye to further str...
62
annual_report
HelvetiaHoldingAG-AR_2014
652
(Vice-Chairwoman, manages the official duties of the Board of Directors until the end of the Shareholders’ Meeting 2015)
18
annual_report
ScorSE-AR_2010
2,934
The table below shows the net results of retrocession for the years ended 31 December 2010 and 2009: In EUR million
21
annual_report
2117
681
Various Federal and state laws and regulations affecting the healthcare industry do or may impact the Company's current and planned operations, including, without limitation, Federal and state laws prohibiting kickbacks in government health programs (including TennCare®), Federal and state antitrust and drug distributi...
286
10K
gb_lloyds_banking_grp-AR_2003
1,610
The difference between the cost of other securities and market value, where the market value is higher than the cost, is not disclosed as its determination is not practicable.
29
annual_report
2213
673
Property and equipment includes computer software acquired or developed for internal use and for use with the Company’s products. Software development costs, which include capitalized interest costs incurred and certain payroll-related costs of employees directly associated with developing software, in addition to incr...
63
10K
5695
1,238
The fair values of fixed income investment securities are based primarily on market prices received from quotes or alternative pricing sources. Because many fixed income securities do not trade on a daily basis, pricing sources apply available market information through processes such as matrix pricing to calculate fai...
282
10K
884
553
Shareholders' Untaxed Company Surplus Balance - ---------------------- ----------------- -------------- ABE $ 5,180,494 $ 1,149,693 APPL 6,137,321 1,525,367 UG 30,998,215 4,363,821 USA 0 0
23
10K
4948
1,496
quarter, we review the loss ratio selections and the emerged loss experience to determine if deviating from the loss ratio method is appropriate. In general, we continue to use the loss ratio method until the end of the accident year, at which time we begin to assign weight to the paid and incurred BF methods depending...
162
10K
AegonNV-AR_2005
2,291
TOTAL FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS 2,272 136,106 1,498 115,980
14
annual_report
BaloiseHoldingLtd-AR_2006
1,405
Election and term of offi ceElection and term of offi ceElection and term of offi The Board of Directors was made up of ten members at the close of 2006. Members are elected by the Annual General Meeting for terms of three years. Terms are staggered, with
47
annual_report
2157
724
the occurrence of significant weather-related or other natural or human-made disasters;
11
10K
nl_ing_grp-AR_2013
2,952
Divestments –43 –43 Special items –107 25 –82 * Analysed as a part of operating expenses.
16
annual_report
5104
1,386
Business Combinations - Simplifying the Accounting for Measurement-Period Adjustments: In September 2015, the FASB issued guidance requiring that an acquirer recognize adjustments to estimated amounts that are identified during the measurement period in the reporting period in which the adjustments are determined. In t...
172
10K
2836
7,097
The Company is continuously involved in numerous lawsuits arising, for the most part, in the ordinary course of business, either as a liability insurer defending third-party claims brought against its insureds, or as an insurer defending coverage claims brought against it by its policyholders or other insurers. While t...
135
10K
1582
163
GOODWILL Goodwill was established as a result of the merger and is being amortized over 40 years on a straight-line basis.
21
10K
5264
1,056
There is a tax sharing agreement between NMIH and its subsidiaries, dated August 23, 2012 and amended on September 1, 2016. Under this agreement, each of the parties mutually agreed to file a consolidated federal income tax return for 2012 and subsequent tax years, with NMIH as the direct tax filer. The tax liability o...
80
10K
fr_axa-AR_2007
2,061
stocK options Since 1989, AXA has promoted a stock options program, for its directors, officers and employees in France and abroad, aimed at rewarding their performance and aligning their interests with those of the Group by linking them to AXA’s stock performance over the long term.
46
annual_report
NatwestGroupPLC-AR_2011
338
In the table on the following page, we summarise the risks we face. We provide a more detailed discussion of developments in 2011 in the ‘Risk and balance sheet management’ section.
31
annual_report
HannoverRueckSE-AR_2011
4,713
“Related Party Disclosures”. In addition, we took into account the more specific provisions of DRS 17 “Reporting on the Re­
20
annual_report
CNPAssurancesSA-AR_2017
226
Together for seven years CNP Assurances and UniCredit have extended their partnership via CNP UniCredit Vita. Covering its 1,365 branches and UniCredit outlets in central and southern Italy, Sardinia and Sicily, the new agreement provides for the creation of a sales and marketing hub to drive expansion in unit-linked s...
57
annual_report
2841
624
differences are permanent such as expenses that are not deductible in our tax return, and some differences are temporary, reversing over time, such as valuation of insurance reserves. Temporary differences create deferred tax assets and liabilities. Deferred tax assets generally represent items that can be used as a ta...
198
10K
de_allianz-AR_2011
417
◼ v a r i a B l e r e m u n e r a T i o n variable remuneration aims for balance between short-term performance, longer-term success and sustained value creation. it is designed to balance risk and opportunity to achieve an appropriate level of remuneration in different performance scenarios and business circumstances....
95
annual_report
1389
403
The most commonly used swaps are interest rate swaps, currency swaps, equity swaps and swaptions. Such derivatives are traded over the counter. An interest rate swap is a contract between two parties to exchange interest rate payments (typically a fixed interest rate versus a variable interest rate) calculated on a not...
116
10K
AegonNV-AR_2000
702
USD 853 million (up 39%), while income from fixed annuities was USD 426 million, up 19%. Income before tax from GICs and funding agreements amounted to USD 165 million, which was up 18%. Life for the account of policyholders contributed
40
annual_report
4656
703
The valuation of many of our financial instruments includes methodologies, estimations and assumptions that are subject to differing interpretations and could result in changes to investment valuations that may materially and adversely affect our results of operations and financial condition.
40
10K
4727
4,717
Other investments - Other investments represent certain limited partnerships that are recorded at fair value and are based upon net asset value (NAV) provided by the general partner where the unobservable inputs are not reasonably available to us.
38
10K
4331
982
Short-term investments include certificates of deposit, money market funds and highly liquid debt instruments purchased with initial maturities in excess of three months but less than one year and are carried at amortized cost, which approximates fair value.
38
10K
4051
3,320
(b)Net realized and unrealized gains and losses related to Level 3 items shown above are reported in the Consolidated Statement of Income (Loss) primarily as follows:
26
10K
de_allianz-AR_2011
787
� S o u t H K o r e A
11
annual_report
NatixisSA-AR_2003
3,183
With respect to its accounting and financial internal control systems, the Group has committed in the short and midterm to numerous projects whose development will continue. Specifically, these will cover the harmonization of accounting control procedures, integration of the Coface sub-group in the Group’s direct conso...
68
annual_report
5594
1,377
Includes USD-denominated fixed maturities at amortized cost plus any related accrued investment income, as well as USD notional amount of foreign currency derivative contracts outstanding. Note this amount represents only those USD assets serving to hedge the impact of foreign currency volatility on equity. Separate fr...
76
10K
5720
1,668
ecured by a first priority security interest in all of MBIA Corp.’s right, title and interest in the recovery of its claims from the assets of Zohar I and Zohar II which include, among other things, loans made to, and equity interests in, certain portfolio companies purportedly controlled by the Zohar Sponsor and claim...
95
10K
5023
1,699
The Company has insured or reinsured $4.3 billion of net par (72% of which is in CDS form) of collateralized debt obligations (“CDOs”) backed by TruPS and similar debt instruments, or “TruPS CDOs.” Of the $4.3 billion, $1.3 billion is rated BIG. The underlying collateral in the TruPS CDOs consists of subordinated debt ...
80
10K