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AvivaPLC-AR_2019
4,952
(ii) Tax credited to other comprehensive income There was no tax credited or charged to other comprehensive income in either 2019 or 2018.
23
annual_report
5011
3,043
The Company sells traditional, interest-sensitive and variable life insurance products. The Company distributes its products through Allstate exclusive agencies and exclusive financial specialists. The Company also sells voluntary accident and health insurance through workplace enrolling independent agents in New York....
86
10K
2924
595
Beginning in March 2005, several of the Company’s insurance subsidiaries received requests from various regulatory agencies seeking information relating to finite reinsurance and whether there are any ancillary or verbal side agreements that affect the potential loss under the terms of the reinsurance agreement. Additi...
94
10K
5460
2,742
Premium deficiency reserves included in “Future policy benefits” are established, if necessary, when the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for expected future policy benefits and expenses. Premium deficiency reserve...
175
10K
4057
4,603
The Company expects to recognize $816,000 of amortization expense per year over the next five years and $3.1 million thereafter.
20
10K
ScorSE-AR_2008
2,437
The analysis of the balance sheet reserve movements of SCOR Global P&C, net of retrocession is presented as follows: Gross claims reserves & estimates - end of year (2) 8,402 8,244 7,045 6,135 6,310 5,791 9,325 9,127
37
annual_report
NatixisSA-AR_2006
1,207
The Audit Committee met systematically before the publication of the interim and annual fi nancial statements. In 2006, the Committee met twice, with an 87% attendance rate, to review the 2005 annual fi nancial statements and the 2006 interim fi nancial statements, prior to their presentation to the Board.
49
annual_report
4532
714
deposit method is recognized using an effective yield based on the anticipated timing of payments and the remaining life of the contract. When the anticipated timing of payments changes, the effective yield is recalculated to reflect actual payments to date and the estimated timing of future payments. The deposit asset...
74
10K
AegonNV-AR_2002
1,412
Total gross premiums 4,182 4,205 –1 Investment income insurance activities 1,454 1,484 –2 Income from banking activities 416 384 8
20
annual_report
1608
271
(2) Includes the acquisitions of Professional Insurance Company in March 1999 and The Signature Group in July 1999 and inclusion of a full year of operating results in 1999 for GE Edison versus eight months of operations in 1998.
39
10K
RSAInsuranceGroupPLC-AR_2017
2,698
Included in the ‘Audit related assurance services’ for 2017 is £0.9m (2016: £1.4m) of assurance work in respect of Solvency II reporting, The remainder of £0.4m (2016: £0.3m), together with ‘Other services’ of £0.1m (2016: £0.1m), is ancillary non–audit work representing in aggregate 11% (2016: 9%) of the Group IFRS au...
56
annual_report
1085
157
THE TRAVELERS INSURANCE COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME ($ IN MILLIONS)
13
10K
1215
637
(f) CMOs: At December 31, 1999, CMOs, held by AIG's life companies, were presented as a component of bonds available for sale, at market value. Substantially all of the CMOs were investment grade and approximately 18 percent of the CMOs were backed by various U.S. government agencies. The remaining 82 percent were corp...
54
10K
4466
6,110
On November 8, 2011, Moody's affirmed The Allstate Corporation's debt and commercial paper ratings of A3 and P-2, respectively, AIC's financial strength rating of Aa3 and Allstate Life Insurance Company's ("ALIC's") financial strength rating of A1. The outlook for all Moody's ratings was revised to negative from stable...
69
10K
nl_ing_grp-AR_2010
249
That’s why ING launched ‘Be Good at Money’ (internet access required), an online area that allows consumers to access easy-to-understand financial information and regain control over their finances.
28
annual_report
gb_prudential-AR_2000
308
32 Prudential plc Annual Report 2000 and functions are required to carry out a review of risks. This involves an assessment of the impact and likelihood of key risks and of the effectiveness of controls in place to manage them. The assessment is reviewed regularly through the year. In addition, business units review op...
69
annual_report
2676
786
Repayment Schedule commencing January 2005: Year 1..................................... $ 18,036 Year 2..................................... 14,098 Year 3..................................... 2,286 Year 4..................................... 10,666 ---------------- Total notes payable........................ $ 45,086 =...
25
10K
3638
1,329
The significant increase in the reserves in 2008 is primarily attributable to more severe catastrophe losses in 2008 than in 2007 resulting from Hurricane Ike ($158.4million), Hurricane Gustav ($14.5million), Chinese winter storms ($18.2million) and the U.S. Memorial Day weekend storms ($11.1 million).
42
10K
5491
3,051
Changes specific to the insurance industry include the calculation of insurance tax reserves and related transition adjustments, amortization of specified policy acquisition expenses, treatment of separate account dividends received deductions, and computation of pro-ration adjustments. Provisions of the Tax Act with b...
93
10K
4797
938
The increase in net investment income for Asset Management for 2012 compared to 2011 was primarily due to an increase in individual annuity assets under administration and an increase in retirement plan general account assets under administration. Net investment income also increased due to a higher contribution from t...
188
10K
5810
1,452
The net unrealized gains and losses on investments in available-for-sale securities and the net unrealized gains and losses on derivative instruments in cash flow hedge relationships are reported as separate components of stockholders' equity. The cumulative amount of net unrealized gains and losses on available-for-sa...
75
10K
SwissReAG-AR_2012
1,826
LPP grant The amounts disclosed under LPP in the section Compensation decisions in 2012 reflect the grants made in March 2013. This LPP award will be measured over the period 2013–2015.
31
annual_report
SwissReAG-AR_2015
1,635
in view of the potential impact of climate change on our business in the medium- to long-term, we made it a priority issue more than 20 years ago and formed a comprehensive climate change strategy with four pillars: ̤ Advancing our knowledge and understanding of climate change risks, quantifying and integrating them in...
112
annual_report
NatwestGroupPLC-AR_2014
9,283
The ADRs evidencing the ADSs above were issued pursuant to Deposit
11
annual_report
5888
741
Third, we have experienced increased volatility in the valuation of our alternative investments. In light of the current market environment, we may continue to experience such volatility in future periods. Given that approximately 50% of our alternative investments are accounted for on a one to three month lag, our fin...
74
10K
ScorSE-AR_2012
3,991
The share-based payment plans are described below. There have been no cancellations or modifications to any of the plans during 2012.
21
annual_report
PhoenixGroupHoldingsPLC-AR_2013
1,089
On-target Based on what the Director would receive if performance was on-target: − AIP: consists of the on-target annual incentive (75% of base salary)
24
annual_report
NatwestGroupPLC-AR_2011
1,683
The Group’s customer deposits excluding cash collateral grew by approximately £7.1 billion in 2011.
14
annual_report
StandardLifeAberdeenPLC-AR_2015
380
Net flows AUM 2015 2014 2015 2014 £bn £bn £bn £bn
11
annual_report
564
717
In June 1993, the California Department of Insurance permitted TIG Insurance Company ("TIC"), TIG's lead insurer, to record a quasi-reorganization of its statutory capital accounts. The effect of the quasi-reorganization was to increase the earned surplus of TIC to zero from a negative $285 million and to decrease cont...
73
10K
GjensidigeForsikringASA-AR_2016
1,580
Mortality risk 0.2 % 0.3 % Longevity risk 8.3 % 13.1 % Disability risk 12.3 % 7.6 % Lapse risk 74.9 % 72.6 % Expense risk 4.2 % 6.3 % Catastrophe risk 0.0 % 0.1 % Total 100.0 % 100.0 %
41
annual_report
CNPAssurancesSA-AR_2005
60
As a member of the Board of Directors of Caixa Seguros, I also review the accounts and outlook of our Brazilian subsidiary. The business is growing at a satisfactory rate and Caixa Seguros is now ranked number seven in a rapidly expanding market.
43
annual_report
4776
736
available for sale portfolio or in any other assets which require us to use unobservable inputs. Our estimates of fair value reflect the interest rate environment that existed as of the close of business on December 31, 2013 and 2012. Changes in interest rates subsequent to December 31, 2013 may affect the fair value o...
57
10K
2885
860
$1.9 million of floating rate common securities. The sole assets of the Company’s business trust subsidiaries are $61.9 million of junior subordinated debentures issued by the Company, which have the same terms with respect to maturity, payments and distributions as the Trust Preferred Securities and the floating rate ...
50
10K
4900
1,370
1 Amounts are reported in “Unrealized holding gains (losses) arising during period” on the Consolidated Statements of Comprehensive Income.
19
10K
1389
292
Other realized capital losses amounted to $14 million, $25 million and $7 million in 2000, 1999 and 1998, respectively.
19
10K
3908
1,316
Except for certain workers’ compensation liabilities (including long-term disability), the Company does not discount its unpaid losses and loss expenses. The Company utilizes tabular reserving for workers’ compensation unpaid losses that are considered fixed and determinable. For further discussion see the Consolidated...
44
10K
5028
1,434
Our fixed income portfolio, which includes fixed maturity and short-term investments, returned 2.4% for 2014, compared to 0.4% for 2013. We maintained a high quality fixed maturity portfolio with a relatively short duration of approximately 2.5 years excluding short-term investments and approximately 2.2 years includin...
71
10K
4847
1,849
(b) Information derived from the statutory-basis financial statements to be filed with insurance regulators.
14
10K
fr_axa-AR_2000
2,611
United States or of any political subdivision of the United States, including the District of Columbia; • An estate the income of which is subject to U.S. Federal income taxation regardless of its source; • A trust if a court within the United States is able to exercise primary supervision over the trust and one or mor...
71
annual_report
5472
1,941
The vast majority of the Company's investment portfolio is composed of fixed-maturity and short-term investments, classified as available-for-sale at the time of purchase (approximately 99.2% based on fair value as of December 31, 2017), and therefore carried at fair value. Changes in fair value for other-than-temporar...
146
10K
gb_prudential-AR_2012
5,318
The 2010 balances have been amended for consistency albeit impacts are minimal.
12
annual_report
ScorSE-AR_2016
4,730
●● On December 7, 2015, SCOR SE issued EUR 600 million in dated subordinated notes, redeemable at interest payment dates from June 8, 2026. The coupon has been set at 3.00% (until June 8, 2026), and will be reset every 10 years at the prevailing 10-year EUR mid-swap rate +3.25%.
50
annual_report
SwissReAG-AR_2001
1,063
The income statement and the balance sheet are presented in a format which follows Swiss GAAP FER. The financial statements and the notes are prepared in accordance with the regulations of the Swiss Company Law.
35
annual_report
4727
5,937
On October 25, 2013, the Exchange entered into a second amended and restated credit agreement to extend the maturity date, lower the borrowing costs, and eliminate the minimum statutory surplus covenant. As of December 31, 2013, the Exchange has access to a $300 million bank revolving line of credit with a $25 million ...
132
10K
HelvetiaHoldingAG-AR_2018
2,433
Employer contributions in 2017 contain a financial contribution by Helvetia to compensate for the plan changes introduced in 2018.
19
annual_report
NatwestGroupPLC-AR_2013
444
The three businesses of the go-forward bank have been designed against a number of goals. Firstly, they will better serve customer needs than the existing operating divisions. Secondly, they will help eradicate duplication of cost in both the front and back office. Thirdly, they will position us to deliver a sustainabl...
57
annual_report
de_allianz-AR_2006
597
1) The National Association of Securities Dealers (or “NASD”) is a private-sector provider of financial regulatory services in the United States.
21
annual_report
NatixisSA-AR_2013
3,587
+/- Net charge to other provisions (including insurance companies’ technical reserves) 2,365 269
13
annual_report
2978
837
The following table provides the reconciliation of weighted average common share equivalents outstanding used in calculating earnings per share for the years ended December 31, 2006, 2005, and 2004:
29
10K
4129
1,358
Unrealized losses decreased compared to December 31, 2008, primarily because of the general improvement in the overall marketplace for our fixed maturity portfolio and the reduction in our equity portfolio as discussed below. As of December 31, 2009, 173 fixed maturity securities and six equity securities were in an un...
104
10K
gb_prudential-AR_1999
827
Opinion In our opinion the financial statements give a true and fair view of the state of affairs of the company and the group as at 31 December 1999 and of the profit of the group for the year then ended and have been properly prepared in accordance with the Companies Act 1985.
53
annual_report
3986
4,361
Other invested assets: This financial instrument primarily consists of equity securities for which the fair value is based on quoted market prices. Other invested assets primarily included certain cash instruments and fixed maturity securities, which were purchased using cash collateral related to a securities lending ...
132
10K
SwissReAG-AR_2020
592
Benefits for the industry With one in 11 adults globally suffering from diabetes, rolling out more programmes such as this will likely benefit insurers by reducing the frequency and cost of claims – and, even more importantly, help improve the lives of millions of people around the globe.
48
annual_report
TrygAS-AR_2016
1,003
Auditing and additional requirements applicable in Denmark will always detect a material misstatement when it exits. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the b...
59
annual_report
3083
642
During 2006, 2005, and 2004, four customers accounted for approximately 27%, 21%, and 33%, respectively, of the Company’s fully insured premiums revenue. Additionally, two customers accounted for 65%, 69%, and 80% of the Company’s net self-insured administration and claims revenue at December 31, 2006, 2005, and 2004, ...
48
10K
HannoverRueckSE-AR_2019
1,137
The capital position is constantly reviewed against the backdrop of possible changes in the risk profile.
16
annual_report
1033
361
Incurred losses and LAE for 1998 reflected ceded losses and LAE of $357.4 million. Ceded losses and LAE included $153.9 million net ceded under the Stop Loss Agreement, $33.5 million net ceded to Gibraltar pursuant to a 1986 quota share reinsurance ("Direct Excess Retrocession") through which Gibraltar assumed 100% of ...
113
10K
4959
1,827
Net investment losses related to derivatives of $49 million in 2013 were primarily associated with derivatives used to protect statutory surplus from equity market fluctuation on embedded derivatives related to variable annuity products with GMWB riders. We also had net losses on the change in derivatives and GMWB embe...
59
10K
4051
4,056
Issuance of AIG Series F Preferred Stock and Entry into $29.835 Billion Department of the Treasury Commitment
17
10K
RaiffeisenBankInternationalAG-AR_2017
2,408
Dividends paid to non-controlling interests during the year1 0 12,711 23,970 3,346 1 Included in net cash from financing activites
20
annual_report
4725
2,296
Consistent with the Company’s long-standing reserving practices, the Company will continue to review and monitor its reserves in the
19
10K
ASRNederlandNV-AR_2010
573
By virtue of the enhanced right of recommendation, one-third of the members of the Supervisory Board is appointed after nomination by the Works Council, unless the Supervisory Board raises objections because it considers the recommended person unsuitable for the job of super- visory director or because the Supervisory ...
80
annual_report
5258
811
Claims is undergoing continuous improvement focusing on effective loss cost management, process efficiency and leveraging emerging technologies to enhance the customer experience to ensure our claim processes result in an easy settlement experience that is fast and fair. While this is occurring, frequency and severity ...
90
10K
284
257
Premium income net of reinsurance $ 29,998 $ 32,404 $ 31,160 $ 19,076 $ 9,575
15
10K
BaloiseHoldingLtd-AR_2007
3,481
Balance as of 1st January 501.8 5.1 506.9 527.0 –6.0 521.0
11
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014
2,597
Other technical result –4 57 –236 –180 Net expenses for claims and benefits –4,360 –5,065 –39,693 –39,927 8306 B–C
19
annual_report
NatwestGroupPLC-AR_2014
1,315
This is my first letter to you as Chairman of the Board Risk Committee, having succeeded Philip Scott on 1 April 2014. I have been a member of the Committee since 1 March 2012. On behalf of the Committee, I would like to thank Philip for his leadership as Chairman over the previous four years. I would also like to than...
82
annual_report
2682
1,242
WellCare Holdings, LLC was taxed as a partnership for federal income tax purposes. It was not included in the consolidated federal tax return of its subsidiaries, which file as C corporations. See Note 12 to the notes to the WellCare Health Plans, Inc. audited combined and consolidated financial statements appearing el...
54
10K
NatwestGroupPLC-AR_2005
1,617
No variation was made to any of the terms of the plan during the year. The performance measures are detailed on page pages 122 and 123.
26
annual_report
HelvetiaHoldingAG-AR_2019
733
Spain CHF 350.5 million + 5.5 % in OC – Pleasing growth in all lines of business, with property business as the main driver in line with the economic trend
30
annual_report
5077
1,850
The equity securities attributable to PFI excluding the Closed Block division consist principally of investments in common and preferred stock of publicly-traded companies, as well as mutual fund shares. The following table sets forth the composition of our equity securities portfolio and the associated gross unrealize...
53
10K
4881
550
Operating cash flow for the year ended December 31, 2014 was $3,369.3, or 1.3 times net income. Operating cash flow for the year ended December 31, 2013 was $3,052.3, or 1.2 times net income. The increase in operating cash flow from 2013 of $317.0 was primarily attributable to an increase in premium receipts primarily ...
161
10K
LloydsBankingGroupPLC-AR_2013
5,262
Total loans and advances to banks before allowance for impairment losses 25,365 32,760
13
annual_report
AdmiralGroupPLC-AR_2004
223
Taxation The total taxation charge reported in the profit and loss account is £14.4m (2003: £18.0m) representing 14.3% (2003: 31.5%) of pre-tax profits. The significant decrease in the effective tax rate is mostly due to the impact of the ESOT share awards made during the year, which attracted a significant deduction f...
55
annual_report
4110
1,581
The following table presents assets acquired and liabilities assumed with the acquisition of Hermitage, based on their fair values and the fair value hierarchy level under GAAP as of February 27, 2009:
32
10K
4415
1,663
growth in all of the Company’s operating segments, offset by higher combined ratios in each of its segments. The 2011 results include $9.5 million in losses related to thunderstorm and tornado activity across the U.S. in the second quarter, net of the Company’s quarterly provisions for normalized catastrophe activity. ...
80
10K
4262
711
AMIC's ability to utilize its federal NOL carrryforwards would be substantially reduced if AMIC were to undergo an "ownership change" within the meaning of Section 382(g)(1) of the Internal Revenue Code. AMIC will be treated as having had an "ownership change" if there is more than a 50% increase in stock ownership dur...
300
10K
AssicurazioniGeneraliSpA-AR_2017
1,437
TOTAL LIABILITIES AND SHAREHOLDERS’ FUNDS 48,254,994 48,233,051 21,943 134 Assicurazioni Generali Management Report and Parent Company Financial Statements 2017
19
annual_report
3217
1,262
Effective January 1, 2006, the Company adopted SFAS No. 123(R), Share-Based Payment (SFAS No. 123(R)) using a modified prospective method. SFAS No. 123(R) requires that the cost resulting from all share-based payment transactions be recognized in the financial statements. SFAS No. 123(R) establishes fair value as the m...
214
10K
fr_axa-AR_2003
2,887
Germany GRE Continental Europe Holding Gmbh 100.00 91.05 100.00 90.17 Kölnische Verwaltungs AG für Versicherungswerte 99.56 97.50 99.56 97.30 AXA Konzern AG 91.69 91.05 90.86 90.17
26
annual_report
3154
793
The Company files a consolidated federal income tax return which includes all subsidiaries.
13
10K
4376
837
On December 12, 2011, we filed a universal automatic shelf registration statement with the Securities and Exchange Commission which enables us to sell, in one or more public offerings, common stock, preferred stock, debt securities and other securities at prices and on terms to be determined at the time of the applicab...
115
10K
5717
1,132
Basic earnings per share is computed based on the weighted average number of common shares outstanding plus the weighted average number of fully vested RSUs and common stock units (CSUs) payable as shares of HMEC common stock. Diluted earnings per share is computed based on the weighted average number of common shares ...
85
10K
4601
1,491
2012, four customers represented 25%, 22%, 14% and 11%, respectively, for a combined total of 72% of our $4.5 million outstanding accounts receivable balance. No other customers represented 10% or more of our total accounts receivable at December 31, 2011 and December 31, 2012. We believe the potential for collection i...
76
10K
4926
11,228
In 2014, 99% of PHL Variable product sales, as defined by total annuity deposits and total life premium, were annuities, and 94% of those sales were fixed indexed annuities.
29
10K
1562
844
INVESTMENTS Approximately two-thirds of AFC's consolidated assets are invested in marketable securities. A diverse portfolio of primarily publicly traded bonds and notes accounts for over 95% of these securities. AFC attempts to optimize investment income while building the value of its portfolio, placing emphasis upon...
63
10K
4171
1,236
life and annuity contracts are deferred and amortized over the premium-paying periods in proportion to anticipated premium income, allowing for lapses, terminations and anticipated investment income. Acquisition costs related to universal life and single premium annuity contracts for which there is no significant morta...
73
10K
AvivaPLC-AR_2008
3,951
The impact of a reduction in mortality rates for annuity contracts by 5%.
13
annual_report
fr_axa-AR_2008
6,416
Dividends received from subsidiaries amounted to €2,674 million, corresponding to an increase of €496 million from the previous year.
19
annual_report
GjensidigeForsikringASA-AR_2019
1,815
ADB Gjensidige 91.5-94.5 % 92.0 % Gouda portfolio 90.5-100.5 % 90.2 % Gjensidige Forsikring, white label 78,4-82,7 % 82,7 %
20
annual_report
5700
8,321
(b)Total reinsurance assets include both Property Casualty and Life and Retirement reinsurance recoverable.
13
10K
5463
453
For the year ended December 31, 2017, we recognized $2.3 million of favorable prior period loss development, compared with $30.6 million of unfavorable prior period loss development for the year ended December 31, 2016. The year ended December 31, 2017 was unfavorably impacted by $2.4 million in catastrophic claims los...
81
10K
5887
900
On July 15, 2020, the Company purchased the remaining 55% ownership interest in Compstar (See Note 3). Prior to the acquisition, the Company owned 45% of Compstar which had a carrying value of approximately $11,831 as of December 31, 2019. The Company recorded earnings for the years ended December 31, 2020 and 2019 of ...
89
10K
fr_axa-AR_2013
3,189
Deputy Chief Executive Offi cer in charge of Finance, Strategy and Operations France 750,000 1,101,322 (a) - 42,000 4,150 1,881,829 750,000 980,746 (a) - 42,000 4,150 1,776,896
27
annual_report
2732
669
operating and general expenses, which include general and administrative expenses and other expenses.
13
10K
2188
1,681
When a derivative is designated as a fair value hedge and is determined to be highly effective, changes in its fair value, along with changes in the fair value of the hedged asset or liability (including losses or gains on firm commitments), are reported on a net basis in the income statement line item associated with ...
145
10K
GjensidigeForsikringASA-AR_2013
842
Gjensidige holds an investment portfolio that is designated at fair value at initial recognition, and that is managed and evaluated regularly at fair value. This is according to the Board of Directors’ approved risk management and investment strategy, and information based on fair value is provided regularly to the Sen...
57
annual_report
ScorSE-AR_2020
355
• On the investment side, SCOR has benefited from the defensive nature and high quality of its investment portfolio when the Covid-19 pandemic started. The level of impairment charge on invested assets (1) is limited in 2020 at EUR 42 million before tax (excluding amounts attributable to non-controlling interest). The ...
79
annual_report
RSAInsuranceGroupPLC-AR_2018
1,452
GIA’s scope of activities is unrestricted, and its audit universe extends to all legal entities, jointventures and other business partnerships, outsourcing and reinsurance arrangements. It includes fi rst line of defence control validation and second line of defence assurance activities, as well as the risk and control...
51
annual_report