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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 life of the security. | 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 $2,409 million, $35 million and $2,464 million. | 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 does not believe that the collateral securing the indebtedness would satisfy the indebtedness, given the current value of the Exstar Common Stock. Accordingly, in an effort to help resolve financial issues between the Company and TCO and to provide the Company assets of value to the Company's continuing operations, Exstar is considering accepting from TCO, with respect to the $2.2 million of TCO debt owed to it, a transfer to the Company of certain computer systems, furniture, fixtures, properties and rights of TCO. The systems, furniture and fixtures which may be transferred constitute virtually all of TCO's systems, furniture and fixtures, have a current book value of approximately $200,000 and were independently appraised in October 1996 at a total value of approximately $2.4 million. Pursuant to its rights under the Master Agreement with TCO, Exstar currently has a license to use the systems that would be transferred to it by TCO. If the exchange is approved by the Board of Directors (Exstar currently has only one independent director), it is currently contemplated that it would become effective as of January 1, 1997. No resolution has been reached with respect to the $2.4 million of debt owed by TCO to Alpine, but a transfer of certain contingent assets of TCO (including a potential receivable from an unaffiliated insurance company and certain real property rights) in full or partial satisfaction of such debt is under consideration by the parties. Any offset or reduction of the TCO debt to Alpine would require the prior approval of the Illinois DOI. | 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 below 5 per cent or increased above 5 per cent. | 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 specifically excluded from this updated guidance. The Company adopted the guidance on January 1, 2018, using the modified retrospective transition method. The guidance did not have a significant impact on the Company’s consolidated financial position, results of operations, cash flows, or disclosures. | 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 $71.9 million resulted from Grapevine’s issuance of senior secured notes. | 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 assumptions for direct individual life reserves range from approximately 4.5% for 1958 issues to 6.75% for 1996 issues. With respect to universal life and annuity products, the retrospective deposit accounting method is used. Policy reserves represent the premiums received plus accumulated interest, less mortality and administrative charges. | 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 million of ceded losses. The ceded premiums are a percentage of ceded losses. The ceded premium related to full utilization of the $760.0 million limit is $456.0 million. The CCC Cover provides continuous coverage in excess of the second section of the Aggregate Cover discussed above. Under the CCC Cover, interest charges on the funds withheld generally accrue at 8.0% per annum. The interest rate increases to 10.0% per annum if the aggregate loss ratio exceeds certain thresholds. Losses of $618.0 million have been ceded under the CCC Cover through December 31, 2002. | 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 prepayment experience exhibited. With the input of third party assumptions for default projections, loss severity and prepayment expectations, we evaluate the cash flow projections to determine whether the security is performing in accordance with its contractual obligation. | 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 since February 27, 2008. He has replaced Mr. Jean-René Fourtou. | 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 shares of Selective's common stock available to be purchased under the Retirement Savings Plan was 783,820 at December 31, 2005. | 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 implementation of his or her pension benefits under the mandatory pension plans. | 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 significant amount of our U.S. and Caribbean premium provides coverage against windstorms, notably including U.S. Atlantic windstorms, as well as earthquakes and other natural and man-made catastrophes. | 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 shareholders of Aviva plc 17,208 16,758 17,169 Direct capital instrument and tier 1 notes 37 500 731 731 | 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. The negative impact from losses in our Legacy Portfolio has been reduced and we have continued to write a high volume of insurance on high credit quality loans. The improving environment also has contributed to a reduction in our incurred losses and claims submitted and paid in our mortgage insurance business. The number of total new primary mortgage insurance defaults in our insured portfolio declined by 4.9% during the year ended December 31, 2016, compared to the same period of 2015. Similarly, our primary default rate of 3.2% at December 31, 2016 declined from 4.0% at December 31, 2015. | 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 shares of Fuji. As a result of these actions, AIG Property Casualty now owns 100 percent of Fuji. | 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, but not yet vested as of January 1, 2006, based on the grant date fair | 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 the equity component reported in Group shareholders’ | 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 with the growth in capitalized right-of-use assets. Increases within other administrative expenses resulted from a € 15,230 thousand rise in deposit insurance fees, mainly in Russia and Romania, as well as from increased legal, advisory and consulting expenses, and higher advertising, PR and promotional expenses, principally in the Czech Republic and Slovakia. Expenses for leases include expenses for short-term leases as well as leases of low-value assets according to IFRS 16. | 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’ needs through a range of channels and products. This experience was part of the Reconnecting with Customers pilot programme, launched in July 2019 to bring senior leaders across the Group closer to our customers and customerfacing teams. | 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, Carolina Complete Health, was created to establish, organize and operate a physician-led health plan to provide Medicaid managed care services in North Carolina. | 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 December 31, 2016. The favorable loss development for the year ended December 31, 2017 was the net result of favorable LAE development related to bodily injury claims over the 2014-2016 accident years, offset by unfavorable development on losses related to bodily injury severity over the 2014-2016 accident years. The unfavorable loss development for the year ending December 31, 2016 was the result of increased losses primarily from the 2015 | 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-advanced. We have been among the leaders in the debate over the direction of life insurance financial reporting and have pursued a strategy of communicating early the impact on our financials. In line with this, we have early adopted European embedded value (EEV) principles in our 2004 supplementary reporting. | 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 the financial statement schedule listed at Item 8 herein. These financial statements and the financial statement schedule are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements and the financial statement schedule based on our audits. | 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, 1994 in conformity with generally accepted accounting principles. Also, in our opinion, such financial statement schedules taken as a whole, present fairly in all material respects the information set forth therein. | 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% and 19% of AFG’s workers’ compensation reserves at December 31, 2015 relate to policies written in Florida and California, respectively. Over the past 12 years in both states, there have been numerous revisions to workers’ compensation regulations and operating environments, adding difficulty and uncertainty to the estimation of related liabilities. | 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 effect of commutations of asbestos and environmental exposures agreed in 2000. In 2001 (excluding the event of 11 September) the combined ratio was 110% after taking into account a release of equalisation reserves of CHF 378 million to compensate for the more severe incidence of other large losses. | 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 build long-lasting, mutually beneficial customer relationships. strengthening our already solid brand positioning helps to convey the stability and security of our global organization. together, strong customer focus as well as our brand positioning are key drivers for sustainable, profitable growth. | 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 lower interest rates applicable to cash equivalents and short-term investments. In October 2008, Berkshire subsidiaries acquired the Wrigley, Goldman Sachs and General Electric securities for an aggregate cost of $14.5 billion. See Note 5 to the Consolidated Financial Statements. Interest and dividends from these securities will be approximately $1.4 billion per annum, which is substantially greater than earnings currently expected from short-term investments. | 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 and the achievement of objectives are presented in the table on page 41 of the annual report. | 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 progress of the Group’s business and the economic factors affecting it. Communication with employees is achieved in a number of ways, including one-to-one staff briefings and through the Group’s intranet site. Prudential’s European Employee Forum provides an opportunity for elected employee representatives to consult with senior management on strategic European business issues. M&G’s Staff Consultative Committee promotes communication and consultation throughout M&G and is the forum for dialogue on a range of issues of interest to its staff. | 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 (2018: $4,791.4m). | 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 during 1998. Additionally, TIG Insurance implemented a Dispute Resolution Committee during 1998 to address any reinsurance recoverables, which are disputed due to coverage or interpretation issues. Reinsurance contract terms are reviewed annually and renegotiated in the interim if required to remain in compliance with program needs. Continuity in reinsurance relationships is a high priority for TIG. Reinsurers are subject to licensing and regulation in the jurisdictions in which they conduct business. Countries outside of the United States have varying levels of regulation of insurance and reinsurance companies. Many states allow financial statement credit for reinsurance ceded to a reinsurer that is licensed in another state or foreign jurisdiction, provided such reinsurance meets certain financial requirements or the insurer is provided with collateral (usually in the form of a letter of credit) to secure the reinsurer's obligations. To maintain its ability to receive financial statement credit, TIG typically requires its reinsurers to be licensed in the ceding insurer's state of domicile or to submit collateral in a form and in an amount sufficient to secure the reinsurer's obligations to TIG. Reinsurance does not legally discharge an insurer from its primary liability for the full amount of the policies it writes. If a reinsurer fails to meet its obligations under the reinsurance agreement, the ceding company is required to pay the loss. At December 31, 1998 and 1997, TIG had an allowance of $33 million and $9 million, respectively for potentially unrecoverable reinsurance. | 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 reserves to their present value and applying a risk margin to the discounted reserves. This adjustment was $17.5 million and $18.5 million at December 31, 2007 and 2006, respectively. The allowance for uncollectible reinsurance receivables was $10.5 million and $20.7 million at December 31, 2007 and 2006, respectively. The decrease in the allowance was primarily due to a commutation of the Company’s reinsurance agreement with an unrelated third party reinsurer during the first quarter of 2007 that reduced the uncollectible reinsurance reserve by $6.5 million. A benefit of $0.7 million was realized as a result of the commutation. In addition, the Company released $3.7 million of the reserve for uncollectible reinsurance during 2007, primarily due to a reduction in ceded | 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 large portion of our direct business in the London Market and through our Swedish branch. The result of our direct business was significantly improved in the financial year just ended. This is a respectable achievement, especially bearing in mind the intensive competition among the insurers and reinsurers operating in this sector. | 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 account not only historical information and the current economic environment, but also, in particular, forward-looking information such as the forecast for the development of macroeconomic conditions. As a consequence, RBI uses the PD only as a frame of reference for assessing whether the credit risk of a financial instrument has risen significantly since the date of its initial recognition. By anchoring the review of the relative transfer criterion in the robust processes and procedures of the bank’s Group-wide credit-risk-management framework, the bank ensures that a significant increase in the credit risk is identified in a reliable and timely manner based on objective criteria. The review to determine whether the credit default risk as at the financial reporting date has risen significantly since the initial recognition of the respective financial instrument is performed as at the reporting date. This review compares the observed probability of default over the residual maturity of the financial instrument (Lifetime-PD) against the lifetime PD over the same period as expected on the date of recognition. Further details on forward-looking information are provided in the notes under (36) Expected credit losses in the chapter significant increase in the credit risk. | 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. 04 CV 06954 (DC). The Complaint added Brown & Brown, Inc., as well as six other insurance intermediaries and four commercial insurance carriers and their affiliates, as defendants in a case initially filed against three of the largest U.S. insurance intermediaries (Marsh & McLennan, AON and Willis Group). The Complaint refers to an action that was filed against Marsh & McLennan by the New York State Attorney General on October 14, 2004 and alleges various improprieties and unlawful acts by the various defendants in the pricing and placement of insurance, including alleged manipulation of the market for insurance by, among other things: “bid rigging” and “steering” clients to particular insurers based on considerations other than the customers’ interests; alleged entry into unlawful tying arrangements pursuant to which the placement of primary insurance contracts was conditioned upon commitments to place reinsurance through a particular broker; and alleged failure to disclose contingent commission and other allegedly improper compensation and fee arrangements. The Complaint includes Brown & Brown, Inc. in a group together with the other defendant insurance intermediaries, and does not allege that any separate, specific act was committed only by Brown & Brown, Inc. The action asserts a number of causes of action, including violations of the federal antitrust laws, multiple state antitrust and unfair and deceptive practices statutes, and the federal anti-racketeering (RICO) statute, as well as breach of fiduciary duty, misrepresentation, conspiracy, aiding and abetting, and unjust enrichment, and seeks injunctive and declaratory relief. The Complaint also contains a separate breach of contract claim directed only at the Marsh & McLennan affiliates. The plaintiff, allegedly a client of a Marsh & McLennan subsidiary, seeks to represent a putative class consisting of all persons who, between August 26, 1994 and the date a class is certified in the case, engaged the services of any of the insurance intermediary defendants or any of their subsidiaries or affiliates, and who entered into or renewed a contract of insurance with any of the insurance carrier defendants. The plaintiff seeks unspecified damages, including treble damages, as well as attorneys’ fees and costs. | 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 deemed to have occurred, the Company reduces the cost basis of the investment to fair value. This reduction is permanent and is recognized as a realized investment loss. Changes in the reserves for mortgage loans are included in realized investment gains or losses. | 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 account future investment income that is expected to be earned from the assets backing the provisions for unearned premiums (net of deferred acquisition costs). The unexpired risk provision is assessed in aggregate for business classes which, in the opinion of the directors, are managed together. | 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 Eurozone. Furthermore the overall BPV exposure has changed as a result of a change in the strategic position. Besides the variance of the overall BPV exposure there is a variance in the exposure per accounting category. This is mainly the result of increased volume and duration of savings and at the same time a decreased duration of mortgages. As a result the BPV exposure at amortised cost showed an upward move. This move was mitigated by cash flow hedges, which revaluate through equity. The increased sensitivity of other currencies results from an enhancement in the modelling of savings in Australia in Australian dollars. | 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 working until they reach retirement age. The measures vary between countries. Examples of measures include the possibility of reduced working hours and extra holidays. | 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 methodologies; consistency in results of the different methodologies and reasonableness of the result are the primary factors that drive the final selection of ultimate loss and LAE. | 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 equivalent basis 26,332 27,750 27,912 78,087 78,390 82,365 104,419 106,140 110,277 | 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 coverage to asbestos claims. With respect to its direct insurance exposures, the fact that the Company has not made those commitments may allow it to resolve insurance exposure to Wellington/CCR insureds more economically than if it had joined these facilities. With respect to its reinsurance exposures, although the Company was not a signatory to the Wellington or CCR facilities, it issued reinsurance contracts to ceding companies that were signatories. Because the insurers supporting these facilities have generally paid their exposures more quickly than non-signatory insurers, the Company believes that this has generally meant that it has paid its reinsurance exposure more quickly than it likely would have if it had not been subject to Wellington/CCR payments. | 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 coverages and services to a broad customer base across the United States. See "Item 1. Business-Insurance Business-Specialty Products" for further discussion of the Specialty Products segment, including descriptions of its underwriting operating segments. | 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 deeply regrets that our employees’ trust has been eroded and their welfare affected during the last year. While it is both necessary and appropriate that we adopt stringent measures for employee compensation, we are more mindful than ever of the need for the Group to continue to develop the best employment practices in our industry to enable us to retain and recruit outstanding talent. This is critical to the delivery of our strategic plan and to build a sustainable and successful Group for the future. | 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 expenses. The Company began implementing cost reduction initiatives in late 2003. It was initially uncertain what effect those efforts would have on controlling allocated loss adjustment expenses. During 2004, favorable trends started to emerge, particularly on shorter-tailed auto liability claims, but it was not clear if these trends would be sustained. In early 2005, favorable trends continued and the Company analyzed claims involving legal expenses separate from claims that do not involve legal expenses. This analysis included a review of the trends in the number of claims involving legal expenses, the average expenses incurred and trends in legal expenses. During the second quarter of 2005, the Company released allocated loss adjustment expense reserves on shorter-tailed auto liability claims as the favorable trends on shorter-tailed business emerged more quickly and were determined to be reliable. During both the second and fourth quarter of 2006, the Company determined that the favorable development on package business and workers’ compensation business had become a verifiable trend and, accordingly, reserves were reduced. The $58 reserve release represented 1% of Business Insurance net reserves as of December 31, 2005. | 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 |
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