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StandardLifeAberdeenPLC-AR_2020
4,121
Brought forward retained earnings 2,933 2,035 (Loss)/profit for the year attributable to equity shareholders of Standard Life Aberdeen plc (1,266) 1,020 Other movements in retained earnings 964 (122)
28
annual_report
NatixisSA-AR_2014
1,356
V Review of the monthly consolidated risk monitoring scorecard (regular updates on credit and market risks and liquidity)
18
annual_report
NatixisSA-AR_2015
4,653
Cash fl ow hedging is used to hedge future cash fl ows from an existing or highly probable future transaction.
20
annual_report
gb_prudential-AR_2019
2,102
The effectiveness of the Committee was reviewed as part of the annual Board evaluation, which confirmed that the Committee continued to operate effectively during the year and no major areas requiring improvement were highlighted.
34
annual_report
Sampoplc-AR_2005
1,463
Total financial assets designated at fair value through p/l 1,262 881
11
annual_report
ASRNederlandNV-AR_2015
3,414
A number of material aspects still come without relevant measured performance indicators and targets.
14
annual_report
5958
2,974
monitoring procedures for fixed income securities are based on a due diligence process which includes, but is not limited to, an assessment of the credit quality, sector, structure and liquidity risks of each issue.
34
10K
2938
6,311
the results of the Board of Directors’ exploration of strategic alternatives and the implementation of, or failure to implement, the strategic alternative selected by the Board of Directors;
28
10K
3878
3,389
In periods subsequent to the recognition of an other-than-temporary impairment charge for fixed maturity securities, which is not intent, credit or foreign exchange related, AIG generally accretes into income the discount or amortizes the reduced premium resulting from the reduction in cost basis over the remaining lif...
50
10K
ScorSE-AR_2008
177
In any event, we are exposed to the risk that in the future we will be unable to retrocede our exposures at commercially acceptable conditions.
25
annual_report
NatwestGroupPLC-AR_2004
1,568
The names of directors standing for re-election at the 2005 annual general meeting are contained on page 117 and further information will be given in the Chairman’s letter to shareholders in relation to the company’s annual general meeting.
38
annual_report
2261
1,287
The changes in provision for insured events of prior years (net prior year claim and claim adjustment expense reserve development) are composed of the following components. For the years ended December 31, 2003, 2002 and 2001, the unfavorable net prior year claim and claim adjustment expense reserve development was $2,...
56
10K
330
387
Payments by TCO were current through December 31, 1996, leaving a principal balance of $4.6 million of which $2.2 million was payable to Exstar and $2.4 million was payable to Alpine. The Company believes that TCO may not currently or in the foreseeable future have the ability to repay all of this indebtedness, and doe...
310
10K
AegonNV-AR_2009
1,715
The General Meeting of Shareholders appoints members of both the Supervisory and Executive Boards, following nominations by the Supervisory Board. Providing at least two candidates are nominated, these nominations are binding. However, the General Meeting of
36
annual_report
GjensidigeForsikringASA-AR_2012
611
Number of shares in Gjensidige Forsikring ASA: 1,481 (including shares, if any, held by closely related parties) (last change 10 December 2012)
22
annual_report
4631
11,559
Cash and investments posted as collateral by WM Life Re (2)
11
10K
Sampoplc-AR_2020
689
During 2020 Sampo plc received altogether 9 notifications of change in holding pursuant to Chapter 9, Section 5 of the Securities Markets Act, according to which the total number of Sampo A shares or related voting rights owned by BlackRock, Inc. and its funds directly or through financial instruments had decreased bel...
61
annual_report
5519
849
In May 2014, the FASB issued accounting guidance, with an effective date that was deferred to January 1, 2018, to provide a single comprehensive model in accounting for revenue arising from contracts with customers. The guidance applies to all contracts with customers; however, certain insurance contracts are specifica...
89
10K
291
754
Decreases in investment income for all years presented result from lower average invested assets and lower investment yields (See "Investment Operations").
21
10K
3597
1,607
During 2006, the Company received a total of $144.3 million in distributions from the non-consolidated qualifying special purpose entity, Grapevine Finance LLC. Of this total $72.4 million resulted from a principal repayment by CIGNA on the $150.8 million note issued as consideration in the sale of Star HRG. The other ...
60
10K
ch_zurich_insurance_group-AR_2004
562
An important tool is our compliance performance standards that apply to our business units worldwide and help advance common foundations and processes. We also work to deepen the understanding of managers and
32
annual_report
2890
706
The Company also has an unfunded non-qualified defined benefit pension plan.
11
10K
AegonNV-AR_2018
6,186
TOC 3Financial statements of Aegon N.V. Financial statements of Aegon N.V. Financial statements of Aegon N.V. Financial statements of Aegon N.V. Other financial information
24
annual_report
AvivaPLC-AR_2004
1,584
(iii) The pension expense for these schemes on an FRS17 basis comprises: Total £m £m
15
annual_report
551
287
Future policy benefits on traditional life insurance have been computed using principally a net-level premium method and assumptions for investment yields, withdrawals and mortality based principally on Company experience projected at the time of policy issue, with provision for possible adverse deviations. Interest as...
90
10K
2084
1,213
In 2001, CNA entered into a one-year aggregate reinsurance treaty related to the 2001 accident year covering substantially all property and casualty lines of business in the Continental Casualty Company pool (the "CCC Cover"). The loss protection provided by the CCC Cover has an aggregate limit of approximately $760.0 ...
142
10K
4675
1,199
purchase. Our review of these securities includes an analysis of the cash flow modeling under various default scenarios considering independent third party benchmarks, the seniority of the specific tranche within the structure of the security, the composition of the collateral and the actual default, loss severity and ...
84
10K
fr_axa-AR_2007
1,682
(c) Reappointed by the shareholders on May 14, 2007. (d) Mr. Jean-René Fourtou has resigned from his Vice-Chairman of the Supervisory Board function since February 27, 2008. He has been replaced by Mr. Jacques de Chateauvieux. (e) Mr. Jacques de Chateauvieux has been appointed Vice-Chairman of the Supervisory Board sin...
59
annual_report
2755
6,233
The plan allows employees to make voluntary contributions to a number of diversified investment options, including Selective's common stock, on a before and/or after-tax basis. Shares of Selective's common stock issued under this plan were 14,786 during 2005, 11,730 during 2004 and 14,251 during 2003. The number of sha...
68
10K
ScorSE-AR_2014
1,735
The eligible person who retired from Company is entitled to additional benefits under this pension plan if he or she complies with the terms and conditions of the additional pension plan on the date of his or her departure, including a seniority of at least five years at the time of departure and obtaining the implemen...
67
annual_report
ASRNederlandNV-AR_2018
208
Various technological developments will have an impact on the scope and position of insurers in society.
16
annual_report
NatixisSA-AR_2009
2,339
FINANCIAL DATA6 Management Report a The market effect was a positive US$47.6 billion in 2009, chiefly benefiting Loomis (US$26.2 billion) and Harris Associates (US$13.1 billion).
25
annual_report
5018
2,189
Our Catastrophe Reinsurance segment gross premiums written continue to be characterized by a large percentage of U.S. and Caribbean premium, as we have found business derived from exposures in Europe, Asia and the rest of the world to be, in general, less attractive on a risk-adjusted basis during recent periods. A sig...
78
10K
AvivaPLC-AR_2019
2,522
Share premium 33(b) 1,239 1,214 1,207 Capital redemption reserve 33(b) 44 44 14 Merger reserve D & 38 8,974 8,974 8,974 10,257 10,232 10,195 Treasury shares 35 (7) (15) (14) Currency translation reserve 39 814 1,122 1,141 Other reserves 39 (101) (279) (274) Retained earnings 40 5,065 4,523 4,918 Equity attributable to ...
70
annual_report
5319
977
As of December 31, 2016, our portfolio of business written in this improving Post-legacy credit environment, including HARP refinancings, represented 88% of our total primary RIF. The combination of improved portfolio mix and favorable credit trends has had a significant positive impact on our results of operations. Th...
146
10K
4523
3,243
In March 2011, AIG Property Casualty completed the acquisition of approximately 305 million shares of Fuji tendered in response to a public offer at an offer price of 146 Yen per share ($1.76 per share) for a purchase price of $538 million. In August 2011, AIG Property Casualty acquired the remaining outstanding voting...
71
10K
3702
1,083
Effective January 1, 2006, we adopted the fair value recognition provisions of FAS No. 123 (revised), "Share-Based Payment" ("FAS 123R") using the modified prospective transition method. Under that transition method, compensation expense includes: (a) compensation expense for all share-based payments granted prior to, ...
58
10K
fr_axa-AR_2012
4,881
Any fi nancial instrument issued by the Group with an equity component (for example an option granted to convert the debt instrument into an equity instrument of the Company) and a liability component (a contractual obligation to deliver cash) is classifi ed separately on the liability side of the balance sheet with th...
59
annual_report
RaiffeisenBankInternationalAG-AR_2019
1,940
Other administrative expenses fell 7 per cent to € 1,094,115 thousand. The decline was mainly due to the sale of the Polish core banking operations (decrease of € 66,917 thousand) and lower office space expenses as a result of the application of IFRS 16. In contrast, depreciation experienced an increase commensurate wi...
122
annual_report
gb_lloyds_banking_grp-AR_2019
1,838
Whilst meeting the Connect and Resolve teams in our Atlantic Quay building, António listened in to customer calls with the teams who support Schroders Personal Wealth and handle credit disputes. He also watched mobile messaging interactions with customers, seeing and hearing first-hand how we are meeting our customers’...
85
annual_report
5291
964
In January 2017, we signed a joint venture agreement with the North Carolina Medical Society, working in conjunction with the North Carolina Community Health Center, to collaborate on a patient-focused approach to Medicaid under the reform plan enacted in the State of North Carolina. The newly created health plan, Caro...
72
10K
GjensidigeForsikringASA-AR_2014
763
Earned premiums 523.0 510.8 Claims incurred etc. (377.2) (342.5) Operating expenses (145.1) (132.5)
13
annual_report
5463
470
The loss ratio was 79.4% for the year ended December 31, 2017, compared with 101.9% for the year ended December 31, 2016. We experienced favorable development related to prior fiscal years of $2.3 million for the year ended December 31, 2017, compared with unfavorable development of $30.6 million for the year ended Dec...
121
10K
NatixisSA-AR_2019
4,096
Exposures for trades at QCCPs (excluding initial margin and default fund contributions); of which
14
annual_report
AvivaPLC-AR_2004
350
The UK insurance industry continues to experience unprecedented levels of change and developments in statutory, regulatory and value-based reporting, as well as preparing for the introduction of the Financial Services Authority’s (FSA) new prudential supervision regime. Our preparation for all these changes is well-adv...
92
annual_report
StandardLifeAberdeenPLC-AR_2013
3,983
Earnings before interest and tax (EBIT) EBIT is defined as earnings before interest, taxation, foreign exchange gains and losses, fair value movements on certain derivatives, restructuring costs and non-controlling interest.
30
annual_report
SwissReCorporateSolutions-AR_2018
767
How our audit addressed the key audit matter In relation to the matter set out opposite, our substantive testing procedures included the following: ̤ Assessing whether the group valuation method is still appropriate.
33
annual_report
819
192
We have audited the accompanying consolidated balance sheets of Pre-Paid Legal Services, Inc. and subsidiaries as of December 31, 1997 and 1996, and the related statements of income, changes in stockholders' equity, and cash flows each of the three years in the period ended December 31, 1997. Our audits also included t...
95
10K
SwissLifeHoldingAG-AR_2008
2,588
Segment 1 Consolidation period Group share Direct share consolidation Currency in 1000
12
annual_report
49
190
In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of Sierra Health Services, Inc. and its subsidiaries at December 31, 1994 and 1993, and the results of their operations and their cash flows for each of the three years in the period ended December 31...
83
10K
5056
1,863
In April 2014, AFG acquired Summit Holding Southeast, Inc. and related companies, a leading provider of workers’ compensation solutions in the southeastern United States. The Summit acquisition significantly increased AFG’s volume of workers’ compensation business and improved its geographic diversity. Approximately 23...
92
10K
NatixisSA-AR_2006
3,129
Medium and long-term fi nancing transactions were carried out through a number of medium term note programs. New specifi c programs were opened to target specifi c customers: Ixis Special Products (EMTN), Ixis Financial Instruments (EMTN) and Ixis Financial Products (USMTN).
41
annual_report
SwissReAG-AR_2001
242
Combined ratio The combined ratio increased from 117% to 124% in 2001. The ratio for 2000 included the effect of a transfer to equalisation reserves of CHF 691 million, made possible by the relatively light incidence of large losses. Before this transfer, the ratio was 111%, a figure that benefited from the positive ef...
101
annual_report
de_allianz-AR_2011
836
an ag em en t R ep or t y o u R a l l i a n z iii. our Progress in sustainable Development sustainable business a strong market and customer orientation drive our business strategy. While uncertainty in the current economic climate has shaken people’s trust in the financial industry as a whole, allianz continues to bui...
99
annual_report
5855
1,162
The following table presents our investment asset portfolio excluding separate account assets as of December 31, 2020 and December 31, 2019. Additional information regarding our investment assets is included in Notes 11, 12, 13 and 14 to the Consolidated Financial Statements.
41
10K
3655
794
In 2008, dividend income increased $534 million, reflecting increased investments in equity securities and increased dividend rates with respect to certain securities. The increase in dividends earned was offset by a decline in interest earned, reflecting lower levels of related fixed maturity investments and generally...
108
10K
4609
1,175
During the third quarter of 2012, the Illinois Department of Revenue began an audit of the 2009 and 2010 tax years. The Company does not anticipate a material modification to the filed returns.
33
10K
Sampoplc-AR_2019
726
Premiums written before reinsurers' share EURm 4,675 4,502 4,525 4,458 4,559
11
annual_report
GjensidigeForsikringASA-AR_2010
604
the efforts to promote social responsibility are described in greater detail on pages 38 to 40 of the annual report. the guidelines are available at www. gjensidige.com. Quantitative goals have been specified for socially responsible operations with regard to owners, customers, employees and the environment. objectives...
63
annual_report
5660
585
The aforementioned $41 million ($32 million, net of income tax) favorable change in other risks in embedded derivatives reflects actuarial assumption updates and a combination of factors, which include fees deducted from accounts, changes in the benefit base, premiums, lapses, withdrawals and deaths.
43
10K
gb_prudential-AR_2004
931
Employee Involvement The Group has effective communication channels through which employees’ views can be sought on issues which concern them. Throughout the Group there is close consultation between management and other employees on appropriate matters of concern, with a view to keeping employees informed about the pr...
124
annual_report
BeazleyPLC-AR_2019
2,614
Investment return Ratio, in percentage terms, calculated by dividing the net investment income by the average financial assets at fair value, including cash. In 2019, this was calculated as net investment income of $263.7m (2018: $41.1m) divided by average financial assets at fair value, including cash, of $5,452.0m (2...
50
annual_report
936
465
Both TIG Insurance and TIG Re work in concert in establishing reinsurance security standards to mitigate the credit exposure arising from potentially uncollectible reinsurance. The financial acceptability of these exposures is monitored vigorously and the Company removed a number of reinsurers from its approved list du...
286
10K
3331
422
At December 31, 2007 and 2006, the Company carried reinsurance receivables of $719.7 million and $982.5 million, respectively. These amounts are net of a purchase accounting adjustment and an allowance for uncollectible reinsurance receivables. The purchase accounting adjustment is related to discounting the loss reser...
164
10K
TrygAS-AR_2016
239
(-2.9%) in local currencies, with a slightly bigger drop in the Norway. In order to in crease premium income, the back-office organisation in Norway was reduced, and some of the savings were invested in more distribution power. In Denmark, customer segmentation, a new agreement with
45
annual_report
HannoverRueckSE-AR_2015
399
We transformed the company into a Societas Europaea (SE) in 2014 and moved its registered office to Hannover at the beginning of 2015. The purpose was to interlink more closely the business management units and to leverage potential synergies and economies of scale in the administration of the business. We write a larg...
103
annual_report
RaiffeisenBankInternationalAG-AR_2019
5,643
RBI’s rating systems combine into the PD all available quantitative and qualitative information relevant for forecasting the credit risk. This metric is based primarily on a statistical selection and weighting of all available indictors. In addition, the PD adjusted in accordance with IFRS 9 requirements takes into acc...
240
annual_report
AdmiralGroupPLC-AR_2018
1,687
• for the parent company financial statements, state whether applicable UK Accounting Standards, including FRS 101 Reduced Disclosure Framework, have been followed, subject to any material departures disclosed and explained in the parent company financial statements.
36
annual_report
2444
590
On or about October 29, 2004, Brown & Brown, Inc. was served with a First Amended Complaint (the Complaint) in a putative class action lawsuit pending in the United States District Court for the Southern District of New York, styled OptiCareHealth Systems, Inc. v. Marsh &McLennan Companies, Inc., etal., Civil Action No...
400
10K
4736
1,953
The Black-Scholes-Merton model was used to estimate the fair value of the service condition based stock options on the grant date. The assumptions for the 2013 stock option grant are as follows:
32
10K
2208
1,449
Realized investment gains and losses, other than those related to separate accounts for which the Company does not bear the investment risk, are reported as a component of revenues based upon specific identification of the investment assets sold. When an other-than-temporary decline in value of a specific investment is...
92
10K
StorebrandASA-AR_2010
1,102
Cand. polit, University of Bergen, Master of Science in Comparative Politics, LSE.
12
annual_report
3036
644
RESULTS OF OPERATIONS -YEAR ENDED MAY 31, 2005 AS COMPARED TO THE YEAR ENDED MAY 31, 2004.
17
10K
NatwestGroupPLC-AR_2020
2,007
The 2021 LTI awards proposed have been adjusted with reference to performance over 2020 and have also been subjected to a further reduction of an amount greater than the overall reduction to the bonus pool, in order to reinforce the ‘one bank’ approach underpinning senior leadership at NatWest Group.
49
annual_report
RSAInsuranceGroupPLC-AR_2008
874
At each balance sheet date an assessment is made of whether the provisions for unearned premiums are adequate. A separate provision is made, based on information available at the balance sheet date, for any estimated future underwriting losses relating to unexpired risks. The provision is calculated after taking into a...
94
annual_report
AvivaPLC-AR_2018
3,841
Financial assets Derivative financial assets 3,978 — 3,978 (2,831) (657) (186) 304 Loans to banks and repurchase arrangements 1,923 — 1,923 — (300) (1,614) 9 Total financial assets 5,901 — 5,901 (2,831) (957) (1,800) 313
35
annual_report
BeazleyPLC-AR_2015
1,292
10 Share prices. The market price of Beazley ordinary shares at 31 December 2015 was 390.7p and the range during the year was 273.6p to 398.9p.
26
annual_report
4318
886
Interest Expense. Interest expense was $9.0 million for 2010, as compared to $9.7 million for 2009, a decrease of $0.7 million, or 7.2%. The decrease in interest expense is due to a decrease in the payable to the prior owner for redundant reserves as a result of a payment in February 2010.
52
10K
ScorSE-AR_2018
2,567
Impact from the US tax reform Note 17 (68) - -
11
annual_report
INGGroepNV-AR_2013
4,883
Year-on-year variance analysis In line with the decrease in NPV-at-Risk, the overall BPV decreased in 2013 with EUR 5.1 million. As for NPV-at-Risk this mainly results from the decrease in the duration of the investment of capital and the increased duration of savings in the low interest rate environment of the Eurozon...
154
annual_report
5171
1,246
Fluctuations in the share price due to an overall positive investment market;
12
10K
AvivaPLC-AR_2018
985
Second line – risk management, compliance and actuarial functions The Risk Management function is accountable for the quantitative and qualitative oversight and challenge of the identification, measurement, monitoring and reporting of principal risks and for developing the RMF.
38
annual_report
GjensidigeForsikringASA-AR_2018
529
Gjensidige has a range of measures and a special programme for entities with a high level of sickness absence. Our ‘Focus projects’ have had a great impact, leading to reduced sickness absence and greater employee satisfaction. Gjensidige has measures in place that help to ensure that older employees can continue worki...
74
annual_report
4944
1,352
Additionally, the different methodologies are utilized the same, regardless of the line of business. However, the final selection of ultimate loss and LAE is certain to vary by both line of business and by accident period maturity. There is no prescribed combination of line of business, accident year maturity, and meth...
77
10K
PhoenixGroupHoldingsPLC-AR_2013
1,870
Warrants over shares in Phoenix Group Holdings – 5 – 3
11
annual_report
5331
850
The aggregate amount of each insured mortgage loan’s current principal balance multiplied by the insurance coverage percentage specified in the policy for insurance policies issued and after contract limits and/or loss ratio caps for risk-sharing or reinsurance transactions.
38
10K
nl_ing_grp-AR_2011
2,720
Continuing operations - average number of employees at full time equivalent basis 26,332 27,750 27,912 71,711 71,621 75,794 98,043 99,371 103,706 Discontinued operations - average number of employees at full time equivalent basis 6,376 6,769 6,571 6,376 6,769 6,571 Total average number of employees at full time equival...
58
annual_report
2937
4,010
With respect to both the Mt. McKinley and Everest Re operations, the Company was not a member of the Asbestos Claims Facility (“Wellington”) or the Center for Claims Resolution (“CCR”) claim settlement facilities. Insurers supporting those facilities made broad commitments concerning the application of insurance covera...
161
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2013
2,796
11 No significant influence because, under the articles of association, statutes or other agreement, all key decisions regarding the company’s financial and operating policy are subject to a quorum which cannot be attained by the major ity shareholder without the non-controlling shareholders.
42
annual_report
4395
921
The Company provides workers’ compensation and general liability insurance for companies primarily in special trade groups, including construction, trucking and agriculture. Assets and revenues of AIIC represent approximately 99% of comparable consolidated amounts of the Company for each of 2011, 2010 and 2009.
43
10K
5028
1,354
The Specialty Products segment is comprised of eight operating segments, including our Crop business which we started writing in late 2013, as well as the Collector Cars and Boats underwriting operating segment that was exited in 2013, representing an aggregation based on those that offer distinct products and tailored...
82
10K
3888
1,015
The following individual line items in the Consolidated Statement of Operations for the year ended December 31, 2007 were affected by the change in accounting principle:
26
10K
de_allianz-AR_2010
419
There are four main remuneration components, excluding pensions and perquisites, each with approximately the same weighting within annual target remuneration: Base salary, Annual bonus, Three-year bonus and Equity-related remuneration. The split of fixed to variable remuneration in 2010 at target is 25 % :75 %.
45
annual_report
NatwestGroupPLC-AR_2008
1,967
The Remuneration Committee recognises that the Group’s performance has not only impacted its shareholders and customers, but also its employees who have worked so very hard over many years to build an organisation of which they were proud and which provided a secure livelihood for them and their families. The Board dee...
136
annual_report
3208
2,362
Released Business Insurance allocated loss adjustment expense reserves by $58 for accident years 2003 to 2005, primarily for workers’ compensation business and package business, as a result of cost reduction initiatives implemented by the Company to reduce allocated loss adjustment expenses for both legal and non-legal...
229
10K
4430
1,214
For TRH, this guidance is effective for annual and interim periods for fiscal years beginning after December 15, 2011. TRH does not currently expect the implementation of this guidance to be material to TRH's consolidated financial condition, results of operations or cash flows.
43
10K
gb_prudential-AR_2016
1,164
Dear Shareholder I am pleased to introduce our 2016 Governance report, in which we update you on our governance of Prudential during the year.
24
annual_report
NatixisSA-AR_2007
635
Vice-Chairman of the Supervisory Board de la Banque Internationale de Commerce – bred
13
annual_report
fr_axa-AR_2017
479
Amortization of value of purchased life business inforce (42) - (25) (13) (1) (3) -
15
annual_report
NatixisSA-AR_2004
1,320
Parent company income statements Year ended December 31, in millions of euros note 2004 2003 2002
16
annual_report