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HelvetiaHoldingAG-AR_2015
1,415
A long-term compensation component (LTC) for the Board of Directors and the Executive Management was introduced as part of the variable salary. This consists of Helvetia
26
annual_report
4063
1,056
State Auto Financial has a credit facility (the “Credit Facility”) with a syndicate of financial institutions. On April 1, 2009, the Credit Facility was amended as follows:
27
10K
Sampoplc-AR_2016
113
Year 2016 was a good year for If P&C Insurance with a strong result. If’s combined ratio for the year was 84.4 per cent (85.4 per cent) and the technical result increased to
33
annual_report
4413
719
Total return on our portfolio under management for 2011 was 3.81%, compared to 7.00% for 2010 and 11.28% for 2009. Excluding foreign exchange, total return was 4.10% for 2011, compared to 7.26% for 2010 and 10.56% for 2009. Total return is calculated on a pre-tax basis and before investment expenses.
50
10K
NatixisSA-AR_2010
2,183
The business-line Operational Risk Committees are offshoots of Natixis’ Operational Risk Committee. They closely manage the business lines’ operational risk exposure.
21
annual_report
5177
1,242
The FASB has issued Accounting Standards Update No. 2014-12, Compensation - Stock Compensation (ASC Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. This ASU requires that a performance target that affects ...
177
10K
AegonNV-AR_2016
2,281
Acknowledging the importance of good succession planning, the Committee also discussed with the CEO and Aegon’s Global
17
annual_report
BeazleyPLC-AR_2019
1,978
a) Underwriting risk Underwriting risk comprises four elements that apply to all insurance products offered by the group: • cycle risk – the risk that business is written without full knowledge as to the (in)adequacy of rates, terms and conditions; • event risk – the risk that individual risk losses or catastrophes lea...
100
annual_report
5575
1,339
The Company has a yearly renewable term reinsurance agreement with Prudential Insurance and reinsures the majority of all mortality risks not otherwise reinsured. Effective July 1, 2017, this agreement was terminated for certain new business, primarily Universal Life business, and such business was reinsured to Pruco L...
93
10K
GjensidigeForsikringASA-AR_2016
2,206
The Board, deputies Tore Vågsmyr, staff representative (1.1.16-6.4.16) 1, 4 702 Ellen Kristin Enger, staff representative (1.1.16-6.4.16) 1, 4 577
20
annual_report
LloydsBankingGroupPLC-AR_2020
2,217
Throughout each of these formal, rigorous and transparent appointment processes, consideration was given to a broad range of factors such as merit and objective criteria, consideration of diversity of gender, social and ethnic backgrounds, cognitive and personal strengths, and the Group’s future strategic direction. Ne...
64
annual_report
1774
480
The most significant source of liquidity for our finance operations has been our ability to finance the receivables we originate in the secondary markets through loan securitizations. Adverse changes in the securitization market could impair our ability to originate, purchase and sell loans or other assets on a favorab...
234
10K
NatixisSA-AR_2012
1,758
When a director is appointed, his/her résumé with a career summary is sent to the other director s and to the shareholders.
22
annual_report
2764
1,163
Both internal and external forces influence White Mountains’ financial condition, results of operations and cash flows. Claim settlements, premium levels and investment returns may be impacted by changing rates of inflation and other economic conditions. In many cases, significant periods of time, ranging up to several...
121
10K
AssicurazioniGeneraliSpA-AR_2017
985
The life portfolio has a prevailing component of traditional savings business. The portfolio also includes some annuity portfolios, with the presence of longevity risk, pure risk covers, with related mortality risk, and non-traditional business (unit-linked) accepted from Group companies.
39
annual_report
2822
1,269
In connection with these agreements, the Company will provide transition services until the earlier of eighteen months from the December 30, 2005 closing or when the operations of AFLIAC, and the FAFLIC business to be reinsured, can be transferred to Goldman Sachs. These services include policy and claims processing, a...
169
10K
SwissReAG-AR_2013
268
Working with major clients like e.on allows corporate solutions to leverage its full capacity and expertise.
16
annual_report
SwissLifeHoldingAG-AR_2011
2,883
INVESTMENT MANAGEMENT — The Investment Management segment comprises Group-wide institutional asset management activities. At CHF 130 million, the 2011 result is CHF 27 million up on the previous year. This equates to an increase of 26%. Thanks to new business and positive market developments, assets under management in...
113
annual_report
de_allianz-AR_2008
4,018
Taxable temporary differences associated with investments in Allianz Group companies, for which no deferred tax liabilities are recognized because Allianz is able to control the timing of their reversal and they will not reverse in the foreseeable future amount to � 267 mn (2007: � 343 mn). Deductible temporary differe...
55
annual_report
4820
425
Although Crusader is presently only selling insurance policies in the state of California, as of December 31, 2013, Crusader was licensed as an admitted insurance company in the states of Arizona, California, Nevada, Oregon, and Washington and is approved as a non-admitted surplus lines writer in other states.
48
10K
2067
570
With respect to fixed maturities, AIG's general strategy is to invest in high quality securities while maintaining diversification to avoid significant exposure to issuer, industry and/or country concentrations. With respect to general insurance, AIG's strategy is to invest in longer duration fixed maturities to maximi...
81
10K
Sampoplc-AR_2015
353
PPositions of Tositions of Trusrust, 12/31/2015t, 12/31/2015 Sigrid Jusélius Foundation, Deputy Board Member and Member of the Finance Committee; The Finnish Foundation for Share Promotion, Chairman of the Board; Föreningen Konstsamfundet, Member of the Investment Committee
36
annual_report
1756
678
The net effect of the above of $1.8 million addition to net income or reduction in net loss will be reported as a cumulative effect of a change in accounting principle. The remaining balance of $2.5 million will be classified as an intangible asset with a finite life. Accordingly, it will be amortized over its remainin...
67
10K
CNPAssurancesSA-AR_2013
428
affordable premiums Reflecting our unflagging commitment to preventing financial exclusion, we enable as many people as possible to secure their future by offering very low minimum premiums for all types of products. For life insurance, for example, the minimum premium is €30 – the amount paid for more than half of the...
71
annual_report
5723
1,622
The payment of dividends by Argo Re is limited under Bermuda insurance laws which require Argo Re to maintain certain measures of solvency and liquidity. As of December 31, 2019, the unaudited statutory capital and surplus of Argo Re was $1,460.8 million, and the amount required to be maintained was $242.9 million, the...
104
10K
5951
1,476
As of December 31, 2020 and 2019, the Company had a receivable from Voya Financial of $5 and $9, respectively, for federal income taxes under the intercompany tax sharing agreement.
30
10K
2766
347
In December 2004, the FASB issued SFAS No. 123R, Share-Based Payment. SFAS No. 123R is a revision of SFAS No. 123, Accounting for Stock Based Compensation, and supersedes APB 25. Among other items, SFAS No. 123R eliminates the use of APB 25 and the intrinsic value method of accounting, and requires companies to recogni...
281
10K
fr_axa-AR_2015
6,870
(see Note 15.2), the carrying amounts may be considered as reasonable proxies for fair values. Thus, the fair value of amounts displayed above for these instruments are considered to be Level 3 fair values; ■ other liabilities arising from banking activities relate to bonds issued with prices quoted regularly and publi...
69
annual_report
5480
647
Purchases and sales of all securities are recorded on the trade date, except for private placement debt securities, including bank loan participations, which are recorded once funded. Realized investment gains and losses are determined on the basis of the cost or amortized cost of the specific securities sold.
48
10K
NatixisSA-AR_2012
2,108
(4) Amount paid in 2011 for the variable compensation for fi scal year 2010.
14
annual_report
fr_axa-AR_2010
7,210
TOTAL – FINANCIAL INVESTMENTS EXPOSED TO CASH FLOW INTEREST RATE RISK 1,753 4,772 15,357 21,882
15
annual_report
fr_axa-AR_2013
7,242
Assets resulting from these insurance policies follow the normal elimination procedures for intra-group transactions.
14
annual_report
TrygAS-AR_2014
633
February 2015 and will be sent to shareholders, if requested. The annual general meeting will also be announced on tryg.com.
20
annual_report
de_allianz-AR_2011
721
in p r o p E r T y - C A S u A L T y , trading conditions continued to be difficult in 2011, with many insurers suffering significant losses. Allianz turkey, however, achieved profitability significantly above the market average by focusing on growth in profitable lines. Beginning in mid-2011, we witnessed increasing p...
86
annual_report
AdmiralGroupPLC-AR_2015
2,141
Segment assets and liabilities The identifiable segment assets and liabilities at 31 December 2015 are as follows: As at 31 December 2015
22
annual_report
3445
2,086
If the Company determines that any of its deferred tax assets will not result in future tax benefits, a valuation allowance must be established for the portion of these assets that are not expected to be realized. The net decreases in the valuation allowance for deferred tax assets were $46 million and $16 million at D...
110
10K
5037
1,349
Depreciation recognized for building and improvements, and furniture and equipment was $49 million, $35 million, and $27 million for the years ended December 31, 2015, 2014 and 2013, respectively. Amortization of capitalized software was $52 million, $59 million, and $46 million for the years ended December 31, 2015, 2...
52
10K
2149
629
reinsurance business written in the 1997 through 2001 underwriting years. This comprised additional case reserves of $124.0 million and an increase in IBNR reserves of $539.0 million.
27
10K
ASRNederlandNV-AR_2017
272
More information about the a.s.r.’s stakeholder approach can be found in Annex D (GRI 102-43).
15
annual_report
Sampoplc-AR_2015
1,115
Calculation method according to Conglomerate Rules does not take into account any diversification effects between Group’s business areas as is the case when insurance groups calculate their Group solvency applying SII rules. In order to include the diversification effect between business areas into Group’s capital need...
86
annual_report
2149
1,024
During the third quarter 2001, the Company performed a detailed analysis of contracts it believed were exposed to this event. The process varied between segments, due to the specific nature of each of their operations, and by line of business. For the insurance lines of business, the Company was able to identify a limi...
96
10K
5951
1,260
As of December 31, 2020 and December 31, 2019, the Company had no commercial mortgage loans that were over 90 days or more past due but are not on non-accrual status. The Company had no commercial mortgage loans on non-accrual status for which there is no related allowance for credit losses as of December 31, 2020.
56
10K
5555
1,658
The Company estimates the fair value of stable value product account balances and other investment contract balances (included in Future policy benefits and claims as well as Other policyholder funds line items on our balance sheet) using models based on discounted expected cash flows. The discount rates used in the mo...
62
10K
5045
876
As of December 31, 2015, the Company held municipal securities that include third party guarantees. Detailed below is a presentation by NRSRO rating of our municipal holdings by funding type.
30
10K
ASRNederlandNV-AR_2010
951
DNB LAT ASR Nederland has identified the DNB LAT as the trigger for increasing insurance liabilities in case of a deficiency. A margin in the DNB LAT is regarded as part of the solvency margin in accordance with the DNB definition.
41
annual_report
2039
1,152
On pro-rata contracts, including QQS arrangements, we estimate ultimate losses based on loss ratio forecasts as reported quarterly by cedents, which is normally on a quarterly lag. We also review historical loss ratios from prior years as provided by each cedent, as well as public reports. We base our estimate of the u...
96
10K
TrygAS-AR_2016
1,564
However, IFRS 16 will change the composition of the statement of financial position, but without adding new risks. Regarding IFRS 16 Tryg expects to get more assets and liabilities in the balance sheet but it is not expected to have a significant impact on either profit or loss or equity. Tryg will primarily be effecte...
85
annual_report
gb_prudential-AR_2010
538
Accounting volatility previously arose within the reported IFRS operating profit due to the difference between the movement in the fair value of free standing derivatives within Jackson’s equity hedging programme for annuity business and the movement in the accounting value of Jackson’s liabilities for variable and fix...
137
annual_report
ch_zurich_insurance_group-AR_2018
912
Zurich Insurance Group Ltd may under certain circumstances authorize the beneficial owners of shares that are held by professional persons as nominees (such as a trust company, bank, professional asset manager, clearing organization, investment fund or another entity recognized by Zurich Insurance Group Ltd) to attend ...
66
annual_report
ASRNederlandNV-AR_2016
472
Stakeholder dialogue In 2016, a.s.r. expanded its stakeholder model to include a central stakeholder dialogue, in which relevant stakeholders met at a.s.r. to engage in a dialogue on material aspects.
30
annual_report
de_allianz-AR_2010
272
Every year, it must submit a report on the results of its monitoring, along with proposals for improvements.
18
annual_report
3790
1,015
Fair values are obtained primarily from a variety of independent pricing sources, whose results undergo evaluation by our internal investment professionals. Details regarding valuation techniques and processes are summarized in Note 1, “Significant Accounting Policies - Investments - Fair Values,” and Note 4, “Fair Val...
53
10K
5174
997
Premiums. Gross written premiums decreased by 18.2% to $1,294.0 million in 2015 compared to $1,582.4 million in 2014, primarily due to declines in Latin American and Asian business, reductions in premiums related to quota share agreements and the negative impact of $86.8 million from the movement of foreign exchange ra...
149
10K
PowszechnyZakladUbezpieczenSA-AR_2016
1,017
By 2020, PZU Zdrowie will become the leading integrated coordinated health care operator. This means that it will provide clients with a full range of services in the field of health care. The main objectives in this area of strategy are: • creation of a comprehensive offer of health insurance supplemented with medical...
179
annual_report
5742
1,299
There have been no changes to our accounting policies or methodology from the prior period regarding estimating the allowance for credit losses on our mortgage loans. There was no activity in the allowance for credit losses for the years ended December 31, 2019, 2018 or 2017 other than the impairment losses and associa...
66
10K
BaloiseHoldingLtd-AR_2006
1,357
Baloise Group from 1988 to 1994. He has been Director of the Basel Chamber of Commerce since 1994. Andreas Burckhardt is Vice President of the Swiss Association of Chambers of
30
annual_report
fr_axa-AR_2006
1,879
taking advantage of foreign markets’ performance. These investments are mainly in US dollars, but also in pound sterling and Japanese yen, and account for a small proportion of assets. Exchange-rate risk exposure is also controlled using forwards and swaps. In Switzerland, Winterthur Life is exposed to exchange-rate ri...
100
annual_report
GjensidigeForsikringASA-AR_2015
793
Run-off gains/(losses) 2 341.8 132.2 1 Large losses = loss event in excess of NOK 10.0 million.
17
annual_report
NatwestGroupPLC-AR_2016
7,095
Except as described above, the holders of the non-cumulative preference shares have no right to participate in the surplus assets of the company. Holders of the non-cumulative preference shares are not entitled to receive notice of or attend general meetings of the company except if any resolution is proposed for adopt...
80
annual_report
HannoverRueckSE-AR_2002
983
Based on our current assessment, Hannover Re is not the primary beneficiary in any of the transactions. Furthermore, as things presently stand the maximum risk of loss resulting from these interests is insignificant for the Group.
36
annual_report
NatwestGroupPLC-AR_2013
4,602
Inflation rate swaps 6,273 258 141 5,474 20 335 2,585 67 178 Interest rate swaps 22,108 3,283 2,867 19,304 3,424 2,811 15,149 2,232 1,864 Total return swaps 187 1 — 515 6 — 2,085 169 — Currency swaps 2,196 813 720 2,539 326 259 2,861 116 117 Credit default swaps 900 13 16 709 11 12 238 6 — Equity and bond futures 1,904...
111
annual_report
5741
1,411
In January 2019, the Company issued $700 million of 3.50% Senior Notes due 2020, $1.0 billion of 3.875% Senior Notes due 2024, $1.25 billion of 4.375% Senior Notes due 2029, $500 million of 4.75% Senior Notes due 2039, $1.25 billion of 4.90% Senior Notes due 2049 and $300 million of Floating Rate Senior Notes due 2021....
87
10K
1092
240
AMORTIZATION OF INTANGIBLES, NET. The Company's significant intangible assets consist of two components which both result from acquisition activities -- the present value of future profits ("PVFP"), representing the estimated future gross profits in acquired insurance contracts, and goodwill, representing the excess of...
110
10K
525
282
Our report on the consolidated financial statements of Protective Life Corporation and subsidiaries has been incorporated by reference in this Form 10-K from page 49 of the 1996 Annual Report to Stockholders of Protective Life Corporation. In connection with our audits of such financial statements, we have also audited...
65
10K
5069
858
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated balance sheets, statements of operations, comprehensive income (loss), changes in stockholders’ equity, and cash flows for each of the years in the two-year period ended December 31,...
52
10K
5056
2,743
AFG’s net deferred tax asset at December 31, 2015, is included in other assets in AFG’s Balance Sheet; its net deferred tax liability at December 31, 2014, is included in other liabilities.
32
10K
AdmiralGroupPLC-AR_2019
3,560
The following tables reconcile the opening and closing gross carrying amount and expected credit loss allowance.
16
annual_report
LloydsBankingGroupPLC-AR_2005
2,073
Amounts owed to subsidiaries 1,741 – – – – 1,741 Dividend payable 1,315 – – (1,315) – –
18
annual_report
AvivaPLC-AR_2005
1,526
(b) Secondary reporting format – geographical segments (i) Reporting segments Although the Group’s business segments are managed on a worldwide basis, they operate in five main geographical areas. These are United Kingdom, France, Netherlands (including Belgium and Luxembourg), Other Europe and International.
42
annual_report
SwissReAG-AR_2019
5,034
Net premiums earned and fee income by business segments (Total USD 38.6 billion)
13
annual_report
AegonNV-AR_2010
4,259
Robert J. Routs (as of April 23, 2008) 98,435 70,942 40,673
11
annual_report
AegonNV-AR_2005
1,724
Insurance contracts for account of policyholders 36,331 19,536 13,456 957 — — 70,280 Investment contracts general account 32,983 5,157 702 — — — 38,842 Investment contracts for account
28
annual_report
2575
355
The following is a tabulation of the quarterly results of operations for the years ended December 31, 2004 and 2003.
20
10K
StorebrandASA-AR_2018
311
11) The tool is designed for financial institutions that want to measure their investments against a two-degree scenario, in cooperation with the Principles for Responsible Investment (PRI).
27
annual_report
712
532
December 31 (in millions) 1997 1996 Short-term debt: Commercial paper . . . . . . . . . . . . . . . . $286.3 $164.5 Other short-term notes . . . . . . . . . . . . 1.3 .7 Current portion of long-term debt. . . . . . . . 9.6 23.8 Total short-term debt . . . . . . . . . . . $297.2 $189.0
75
10K
3994
962
Our sources of funds are from insurance-related operations, financing activities and investing activities. Major sources of funds from operations include premiums collected (net of policy cancellations and premiums ceded), commissions and processing and service fees. As a holding company, Hallmark is dependent on divid...
90
10K
NatixisSA-AR_2017
9,118
Noteworthy international initiatives included: In Frankfurt, “Health Day” was organized in September 2017 and included a host of activities: prevention of back pain, eye exams, shiatsu massage, meditation, balanced nutrition, etc. Natixis Frankfurt also offers preventive health assessments with, if necessary, the provi...
52
annual_report
NatwestGroupPLC-AR_2018
1,437
Annual bonus The purpose is to support a culture where employees recognise the importance of serving customers well and are rewarded for superior performance.
24
annual_report
StandardLifeAberdeenPLC-AR_2016
163
“We have continued to demonstrate our capabilities as a forward-looking, responsible company, as we look to deliver the investment outcomes our customers and clients expect.” Rod Paris, Chief Investment Officer
30
annual_report
2326
430
The Company’s portfolio of fixed maturity securities is comprised of public and private securities. Public securities are those that are registered with the SEC. Private securities are issued under an exemption from registration under the Securities Act of 1933. It is generally recognized that publicly traded securitie...
237
10K
5710
1,020
The combined ratio is the sum of the loss and LAE ratio and the expense ratio. A combined ratio under 100% generally indicates an underwriting profit. A combined ratio over 100% generally indicates an underwriting loss.
36
10K
SwissReAG-AR_1942
15
Several important claims and the unfavourable trend in Aviation Insurance led to a small loss in the Accident Branch for European business, which was, however, more than compensated by the good results obtained overseas, so that this section never­ theless gave a modest profit.
44
annual_report
619
630
Claims-paying ability ratings at December 31, 1997 assigned to the Company include AA+, A+(g) and Aa2 from Standard & Poor's, A.M. Best and Moody's, respectively.
25
10K
DirectLineInsuranceGroupPLC-AR_2019
3,324
16. Directors and key management remuneration The Directors and key management of the Group and the Company are the same. The aggregate emoluments of the Directors are set out in note 10 to the consolidated financial statements, the compensation for key management is set out in note 43 to the consolidated financial sta...
84
annual_report
2624
926
Performance shares are equivalent in value to one share of Company Common Stock times the award earned percentage payout. P-SARs convert to the equivalent of one stock appreciation right (SAR) if earned times the award percentage payout. Of the 2000 P-SARs awarded, 87,778 were canceled and 425,840 converted to 547,728 ...
97
10K
4016
1,575
Section 3.08 of the Wisconsin Administrative Code prohibits the Company from having total net liability in respect of any one issue of municipal bonds in excess of an amount representing 10% of its qualified statutory capital. Total net liability, as defined by the Wisconsin Administrative Code, means the average annua...
134
10K
HelvetiaHoldingAG-AR_2001
322
Rega and defrosts a pack of hot dogs. There is no doubt that he would be able to record the exact statistical data for every broken leg, heart attack, climbing accident and avalanche. But he is a helicopter pilot and in charge of this base in Untervaz, and this for already more than a quarter of a century. He takes off...
123
annual_report
PhoenixGroupHoldingsPLC-AR_2014
2
WE HAVE A WIDE RANGE OF PRODUCTS AND AN OPERATING MODEL SPECIFICALLY DESIGNED FOR CLOSED FUND MANAGEMENT.
17
annual_report
GjensidigeForsikringASA-AR_2018
3,460
Total net income and gains/(losses) from buildings and other real estate 42.6
12
annual_report
NatixisSA-AR_2003
1,716
(ii) Debt contracted outside of issue programs: The bonds issued in France (under the domestic format) contain a negative pledge clause similar to that of the EMTN program.
28
annual_report
4702
1,274
On February 6, 2014, the "Baa3" financial strength ratings of our primary insurance subsidiaries, except Conseco Life, were placed on review for upgrade by Moody's. Moody's also affirmed the financial strength rating of "Ba1" of Conseco Life with a stable outlook. A rating under review indicates that a rating is under ...
255
10K
581
99
commitments of the insurance subsidiaries that would prevent the payment of dividends to the Company sufficient to meet the anticipated needs (including debt service) of the Company over the next twelve months. See "Business-- Regulation."
35
10K
gb_lloyds_banking_grp-AR_2002
1,573
Individual Savings Accounts (ISAs) The Company provides a facility for investing in Lloyds TSB shares through an ISA. For details please contact Lloyds TSB Private Banking ISAs, Freepost, PO Box 149, Haywards Heath, West Sussex RH16 3BR. Telephone
38
annual_report
NatwestGroupPLC-AR_2013
80
Legacy conduct issues As announced in a trading update on 27 January 2014, RBS has provided £1,910 million in Q4 2013 covering claims and conduct-related matters primarily relating to mortgage-backed and other securities litigation. Regulatory and litigation provisions for the full year amounted to £2,394 million.
46
annual_report
RaiffeisenBankInternationalAG-AR_2008
1,540
As the nature of the financial instruments is already shown by the classification of balance sheet items, the formation of categories is built in line with balance sheet items which include financial instruments. Categories of financial instruments on the asset side are cash reserve, loans and advances to banks, loans ...
118
annual_report
4989
1,300
Change our expense allocation. This will primarily impact Corporate & Other and the EMEA segment.
15
10K
INGGroepNV-AR_2020
492
Through our approach to sustainability in the areas of climate action and financial health, and through the clients and projects we finance, we contribute to the following Sustainable Development Goals
30
annual_report
nl_ing_grp-AR_2018
2,608
The criteria for identifying a significant increase in credit risk. When determining whether the credit risk on a financial asset has increased significantly, ING Group considers reasonable and supportable information available to compare the risk of default occurring at reporting date with the risk of a default occurr...
139
annual_report
PosteItalianeSpA-AR_2015
2,601
Borrowings from financial institutions are subject to standard negative pledge clauses
11
annual_report
4090
603
Offsetting the impact of these factors on the financial services group and the information solutions group was the growth in default-related revenues and market share growth at the group’s larger mortgage banking customers. In addition, increases in risk management related sales of data analytics and the relatively con...
68
10K