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NatixisSA-AR_2020
2,405
Pursuant to regulatory requirements, all counterparties in the banking book and the related exposures must have an internal rating if they: carry a loan or are assigned a credit limit;V
30
annual_report
1537
280
WESTBRIDGE CAPITAL CORP. (now ASCENT ASSURANCE, INC.) CONSOLIDATED STATEMENTS OF CASH FLOWS
12
10K
1915
485
This section presents the Company’s historical financial data which should be read carefully with the financial statements included in this Form 10-K, including the notes to the consolidated financial statements, and Management’s Discussion and Analysis of Financial Condition and Results of Operations. The statement of...
137
10K
ScorSE-AR_2011
5,867
KWh/m2 in Toronto to 266 KWh/m2 in Paris-La Defense). Most of the energy consumed in the Group’s premises surveyed comes from electricity (74%).
23
annual_report
de_allianz-AR_2015
2,496
Claims and insurance benefits paid (32,194) (21,015) 72 (53,137) Change in reserves for loss and loss adjustment expenses (814) (522) – (1,335)
22
annual_report
LloydsBankingGroupPLC-AR_2014
4,712
At 31 December 2014, the assumed discount rate is 3.67 per cent (2013: 4.60 per cent).
16
annual_report
StorebrandASA-AR_2001
862
Income from group and associated companies 7.7 4.5 11.0 -761.6 -283.8 11.0 Income from properties and real estate 942.2 858.9 772.9 943.1 864.0 772.9
24
annual_report
fr_axa-AR_2009
11,471
2) Resolve that the Management Board will have full authority, with the option to sub-delegate authority under legal conditions, to implement this resolution, and in particular to: • set the fi nal amount of the capital reduction; • charge the differential between the book value of the cancelled ordinary shares and the...
98
annual_report
763
240
Quarterly financial information (unaudited) for the year ended December 31, 1996 is presented below:
14
10K
2755
4,963
(d) The amortized cost, estimated fair values and unrealized gains (losses) of held-to-maturity fixed maturity securities at December 31, 2005 and 2004, respectively, were as follows:
26
10K
DirectLineInsuranceGroupPLC-AR_2019
2,725
Notes: 1. These sensitivities exclude the impact of taxation. 2. The income statement impact on financial investments is limited to floating rate instruments and interest rate derivatives used to hedge a portion of the portfolio. The income statement is not impacted in relation to fixed rate instruments, in particular ...
95
annual_report
AvivaPLC-AR_2003
987
15,206 Other assets 457 Tangible assets (Q & 28) 4,284 Cash at bank and in hand 4,741
17
annual_report
gb_prudential-AR_2016
2,075
Michael McLintock previously participated in a contributory defined benefit scheme that was open at the time he joined the Company. The scheme provided a target pension of two-thirds of final pensionable earnings on retirement for an employee with 30 years or more potential service who remained in service to normal ret...
139
annual_report
fr_axa-AR_2005
3,199
So far, embedded derivatives in insurance and investment contracts which need to be accounted for at fair value through profit & loss do not seem to be material at Group level.
31
annual_report
5331
712
The reinsurance segment consists of our reinsurance underwriting units which offer specialty product lines on a worldwide basis. Product lines include:
21
10K
PowszechnyZakladUbezpieczenSA-AR_2011
984
General Meeting or matters which are to be introduced onto the agenda. The Company immediately announces draft resolutions on its website. During the General Meeting, each shareholder of PZU may propose draft resolutions concerning matters introduced onto the agenda.
39
annual_report
5367
1,543
The Company has a high quality, well performing, mortgage loan portfolio, with over 99% of all mortgage loans classified as performing at both December 31, 2017 and 2016. The Company defines delinquency consistent with industry practice, when mortgage loans are past due as follows: commercial and residential mortgage l...
139
10K
60
179
Commercial premiums increased $191 million to $1.2 billion for the year ended September 30, 1994 from $1 billion in the prior year. Excluding the effects of acquisitions described above, membership growth provided 46 percent of the increase in the commercial HMO program. An additional 21 percent of the increase is attr...
111
10K
ScorSE-AR_2016
3,687
The recognition of deferred tax assets on tax loss carryforwards is assessed based on the availability of sufficient future taxable income and local tax rules, e.g. unlimited carry forward in France and 20-year carryforward period in the United States. Under French Tax Law on tax loss carryforwards, the utilization of ...
67
annual_report
1432
297
This Form 10-K contains forward-looking statements. Forward-looking statements are statements not based on historical information and which relate to future operations, strategies, financial results or other developments. In particular, statements using verbs such as "expect," "anticipate," "believe" or words of simila...
268
10K
5520
604
The long-term rate of return may fluctuate over time based on asset mix and if investment returns over a long period of time significantly differ from historical returns. The discount rate changes annually as it is based on current yields for high-quality corporate bonds with a maturity approximating the duration of ou...
194
10K
4102
683
Under the terms of our sale to eHealth, we transferred to eHealth broker of record status and the right to receive commissions on certain of the in-force individual and family major medical health insurance policies and ancillary dental, life and vision insurance policies issued by Aetna, Inc., Golden Rule, Humana, Pac...
116
10K
5225
502
term interest rates (the term structure of interest rates) will remain constant over time. As a result, these calculations may not fully capture the effect of non-parallel changes in the term structure of interest rates and/or large changes in interest rates.
41
10K
ASRNederlandNV-AR_2011
737
For income producing properties in active markets generating market evidence – fair value methods using comparables or income approach should result in similar valuations and could both be utilised in determining fair value.
33
annual_report
551
150
Except for historical information contained herein, the discussion in this Annual Report on Form 10-K includes certain forward-looking statements based upon management expectations. Factors which could cause future results to differ from these expectations include the following: financial markets (e.g. interest rates a...
65
10K
4281
1,865
Since the weighted-average shares for the quarters are calculated independently of the weighted-average shares for the year, quarterly earnings per share may not total to annual earnings per share.
29
10K
5777
817
The Company analyzes the operating performance of each segment using "adjusted operating income." See “-- Non-GAAP Financial Measures -- Adjusted Operating Income” below for definition of "adjusted operating income" (formerly known as non-GAAP operating income) and Item 8, Financial Statements and Supplementary Data, N...
131
10K
AssicurazioniGeneraliSpA-AR_2015
2,068
However, Assicurazioni Generali is part of a reinsurance contract with a vehicle which provides coverage with respect to the potential losses affecting Generali Group from catastrophes arising from Europe windstorms over a three year period. Generali
36
annual_report
fr_axa-AR_2010
292
(u) Holding company that owns directly AXA Sun Life Direct Limited, Sun Life Corporation plc, AXA Portfolio Services Limited, Winterthur UK Financial Services Group Limited, Guardian Royal Exchange plc, AXA Insurance plc, Bluefi n Advisory Services Limited and AXA PPP healthcare Limited.
42
annual_report
3157
982
A summary of option activity in the stock incentive plans during 2006 is as follows:
15
10K
gb_prudential-AR_2002
617
Mark Tucker Mark Tucker’s 1999 and 2000 cash long-term incentive plans had the same performance conditions as described in the section on long-term incentive plans on page 35. The compound growth rate of the Asia operations was 51.1 per cent per annum for the 1999 plan and 54.3 per cent per annum for the 2000 plan whic...
65
annual_report
PhoenixGroupHoldingsPLC-AR_2017
1,744
Based on our procedures performed on the ERM and IRS models and Corporate Transactions, we are satisfied that the valuation of these complex and illiquid assets is reasonable.
28
annual_report
AegonNV-AR_2010
3,689
Ineffective portion of hedge transactions to which hedge accounting is applied (1) (41) 50
14
annual_report
LloydsBankingGroupPLC-AR_2015
792
Retail offers a broad range of financial service products, including current accounts, savings and mortgages, to UK personal customers, including Wealth and small business customers. It is also a distributor of insurance, and a range of long-term savings and investment products. Our aim is to be the best bank for custo...
102
annual_report
2732
705
Policy acquisition expenses for the year ended December 31, 2005 were $26.9 million, a decrease of $960,000, or 3.4%, as compared to $27.9 million for the prior year. Policy acquisition expenses’ sole component is commission expense in our agency segment. Commission expense is derived from the production of total contr...
156
10K
4499
1,687
Subprime Residential Mortgage Loans. We hold securities with exposure to subprime residential mortgages, or mortgage loans to borrowers with weak credit profiles. The significant decline in U.S. housing prices and relaxed underwriting standards by some subprime loan originators have led to higher delinquency and loss r...
60
10K
2026
1,564
As a result of the repurchase of the 9.5% Notes and substantially all of the 11.25% Notes, the Company recorded a pre-tax tax loss of $58.1 million ($37.7 million after tax) during 2000. The loss resulted from the premium paid by MONY Life to the holders of the 9.5% Notes and the 11.25% Notes reflecting the excess of t...
106
10K
fr_axa-AR_2002
1,313
Group in GECINA is 6.18% (of which 4.95% on French insurance and financial services companies).
15
annual_report
4390
469
Our number one capital management goal is to earn an appropriate risk adjusted return for our shareholder while growing book value. In response to the record level of weather-related catastrophes in 2011 that impacted our underwriting results and capital levels, we implemented several actions during the fourth quarter ...
69
10K
3588
1,495
Cash received from stock options exercised under these share-based payment arrangements during 2007 and 2006 was $41.9 million and $37.7 million, respectively. The actual tax benefits realized for the tax deductions for option exercise of the share-based payment arrangements during 2007 and 2006 was $12.0 million and $...
50
10K
StorebrandASA-AR_2003
888
Shares and participations in group companies 6 8 723.5 8 972.8 7 418.2
13
annual_report
524
121
The following table summarizes information about stock options outstanding under the company's option plans as of December 31, 1996: Weighted Average Weighted Range of Remaining Average Exercise Options Contractual Exercise Prices Outstanding Life in Years Price $4.84-$5.31 77,483 0.22 $4.99 $7.03-$7.50 161,573 0.84 7....
67
10K
Sampoplc-AR_2018
108
Balance sheet (at end of period) 7.4673 7.4564 7.4525 7.4530 7.4449
11
annual_report
3152
2,353
The Company defers sales inducements and amortizes them over the anticipated life of the policy using the same methodology and assumptions used to amortize deferred policy acquisition costs. These deferred sales inducements are included in “Other assets.” The Company offers various types of sales inducements. These ind...
115
10K
PosteItalianeSpA-AR_2018
1,706
Poste Italiane systematically promotes activity programmes nationwide relating to social inclusion issues that have a positive impact and bring benefits to the community through its extensive network of post offices and through the engagement of corporate volunteers and/or the financing of specific EU projects via dona...
83
annual_report
4471
3,176
Non-option-based - Valuations are based on present value techniques, which utilize significant inputs that may include the swap yield curve, LIBOR basis curves, currency spot rates and cross currency basis curves.
31
10K
3589
1,516
Northwind Holdings’ ability to meet its obligations to pay principal, interest, and other amounts due on the Northwind notes will be dependent principally on its receipt of dividends from Northwind Re. The ability of Northwind Re to pay such dividends will depend on its satisfaction of applicable regulatory requirement...
56
10K
3540
1,000
In June 2006, the FASB issued FIN 48, which clarifies the accounting for uncertainty in income taxes recognized in a company’s financial statements in accordance with SFAS 109, Accounting for Income Taxes. Specifically, the pronouncement prescribes a recognition threshold and a measurement attribute for the financial s...
157
10K
AvivaPLC-AR_2016
2,335
Based on the work performed, we consider the assumptions for expense risk to be appropriate.
15
annual_report
PosteItalianeSpA-AR_2016
1,939
Impairments of disposal groups held for sale – – (37) (37)
11
annual_report
553
716
Cash paid for interest for 1996, 1995 and 1994 was $79,900,000, $73,200,000, and $47,900,000, respectively.
15
10K
5411
394
The primary sources of the Company's liquidity are (1) funds generated from insurance operations, including net investment income, (2) proceeds from the sale of investments and (3) proceeds from maturing investments.
31
10K
5308
901
Accounting Standards Update No. 2016-13. In June 2016, the FASB issued Accounting Standards Update No. 2016-13 (“ASU 2016-13”), Financial Instruments - Credit Losses (Topic 326), which requires the measurement of credit losses for financial assets at each reporting date based on reasonable and supportable information. ...
93
10K
2824
983
In September 2005, the American Institute of Certified Public Accountants ("AICPA") issued SOP 05-1, Accounting by Insurance Enterprises for Deferred Acquisition Costs in Connection with Modifications or Exchanges of Insurance Contracts ("SOP 05-1"). SOP 05-1 provides guidance on accounting by insurance enterprises for...
213
10K
gb_lloyds_banking_grp-AR_2012
706
Liquidity and funding risk liquidity and funding continue to remain a key area of focus for the Group and the industry as a whole. like all major banks, the Group is dependent on confidence in the short and long term wholesale funding markets and deposit markets. should the Group, due to exceptional circumstances, be u...
79
annual_report
2987
2,207
•Claims and claims expense ("loss") ratio-the ratio of claims and claims expense to premiums earned. Loss ratios include the impact of catastrophe losses.
23
10K
SwissReAG-AR_2019
946
Swiss Re’s Code of Conduct provides key principles that guide Swiss Re in making responsible decisions and achieving results using the highest ethical standards. It is built on the five Swiss Re Corporate Values: Integrity, Team Spirit, Passion to Perform, Agility and Client Centricity. The Corporate Governance Guideli...
138
annual_report
HannoverRueckSE-AR_2002
1,063
a) Wages and salaries aa) Expenditures on insurance business 96 222 83 208 ab) Expenditures on the administration of investments 9 225 6 334 b) Social security contributions and expenditure on provisions and assistance ba) Social security contributions 11 356 10 120 bb) Expenditures for pension provision 12 013 6 418 b...
59
annual_report
gb_prudential-AR_2003
807
Total statutory basis profit for the financial year after minority interests* 208 468
13
annual_report
SwissLifeHoldingAG-AR_2013
2,554
(formerly awD Chase de vere limited), london IN 100.0% 100.0% life insurance/reinsurance
12
annual_report
2058
424
declining rates during the first seven years of a contract. Withdrawal payments, which exclude claims and lump-sum annuity benefits, totaled $212.9 million in 2002, compared with $257.3 million in 2001 and $409.2 million in 2000. These payments, when expressed as a percentage of average related reserves, represent 12.1...
160
10K
AvivaPLC-AR_2005
175
Making a difference In Morley, a programme has been introduced to help non-investment employees to understand better, think proactively about and anticipate industry issues. In our corporate office, staff have a quarterly opportunity to nominate a colleague or a team who have exemplified one or more of the Aviva values...
82
annual_report
INGGroepNV-AR_2019
643
ING include transparency, wider alignment, increased speed and predictability in product delivery and, most importantly, putting the customer first.
19
annual_report
4342
1,232
On February 18, 2011, our Board of Directors authorized the repurchase of up to $150.0 million of our common shares. The 2011 Repurchase Authorization supersedes the November 13, 2007 repurchase authorization which also had authorized the repurchase of up to $150.0 million of our common shares. From January 1, 2011 thr...
160
10K
ch_zurich_insurance_group-AR_2008
859
The basis of the presentation below is an economic valuation represented by the fair value for Group investments, IFRS insurance liabilities discounted at market rates to refl ect the present value of insurance liability cash fl ows and other liabilities, for example own debt. Own debt does not include subordinated deb...
140
annual_report
fr_axa-AR_2017
2,100
(c) One employee has chosen the 4+0 vesting calendar (aquisition on June 21, 2021 with no restricted period), based on the plan rules as he has moved out of France during the acquisition period.
34
annual_report
5587
1,453
Net operating expense ratio before amortization and impairment (non-GAAP). The net operating expense ratio before amortization and impairment (non-GAAP) is one component of an insurance company’s operational efficiency in administering its business. Expressed as a percentage, this is the ratio of net operating expense ...
59
10K
4481
837
Leading technology and platform: The Company’s technology is robust, scalable, and web-enabled. The Company’s payor offerings efficiently supported over 558 million transactions in 2011. The platform is able to instantly cross-check multiple processes, such as reviewing claim eligibility, adverse drug reaction and prop...
85
10K
NatwestGroupPLC-AR_2008
28
(8) Loss per ordinary share is based on the assumption that the rights issue and capitalisation issue were completed on 1 January 2008.
23
annual_report
5148
2,028
Full Year 2015 Summarized Consolidated Results of Operations and Financial Condition
11
10K
2123
430
Costs and expenses of $2,170 were incurred in 1999 in connection with a previous attempt to convert to a stock company which was terminated, and were charged against income when the conversion attempt was aborted.
35
10K
StandardLifeAberdeenPLC-AR_2019
2,205
Recurring risk Recoverability of Group goodwill and of parent’s investment in subsidiaries
12
annual_report
5936
919
value option for consolidated FG VIE financial assets and financial liabilities, except in cases where Ambac was involved in the design of the VIE and was granted control rights at its inception.
32
10K
5722
747
Average number of fee-generating positions. The average number of fee-generating positions decreased in 2019 from 2018 primarily due to the completed transition of our clients’ managed account investments from Freedom Portfolios, for which we earned transfer agent recordkeeping fees and, in some cases, custodial fees, ...
125
10K
gb_lloyds_banking_grp-AR_2001
1,396
Of the net losses of £578 million at 31 December 2001, £342 million of net losses are expected to be recognised in the year ending 31 December 2002 and £236 million of net losses in later years.
37
annual_report
5311
289
During the period from May 1, 2015 through December 8, 2015, the Company maintained office space in New York, New York with the Company’s then majority shareholder at no cost to the Company.
33
10K
gb_lloyds_banking_grp-AR_2015
4,935
At 31 December 2015, the Group did not provide any guarantees in respect of key management personnel (2014 and 2013: none).
21
annual_report
NatwestGroupPLC-AR_2014
4,755
Credit grades play a key role in the internal reporting and oversight of
13
annual_report
gb_prudential-AR_2005
2,747
Using an iterative modelling process, economic capital is calculated as the amount required at the calculation date such that the cumulative number of projected defaults is less than a predetermined rate reflecting Prudential’s internal target solvency level. Prudential’s internal target solvency level has been set as ...
117
annual_report
666
423
During the year ended September 30, 1997, 95,679 options were exercised at a price of $9.74. In addition, 136,350 options to purchase Exchangeable Non- Voting Shares were bought by the Company at a price of $24.97 and subsequently cancelled. As at September 30, 1997, the Company and LaSalle Re had outstanding 136,350 o...
66
10K
NatixisSA-AR_2003
1,947
■ treasury shares: own shares are purchased for four purposes: the regularization of the stock market price by trading against market trends, as part of stock market interventions, to accompany external growth operations and for allotment to Group employees under share purchase option schemes or via corporate savings s...
75
annual_report
LloydsBankingGroupPLC-AR_2017
407
Helping Britain get a home Amount of lending committed to help people buy their first home £10bn £30bn Helping save for the future Growth in assets that we hold on behalf of customers in retirement and investment products2 £8bn £50bn
40
annual_report
fr_axa-AR_2007
515
(7) Source: Hellenic Association of Insurance Companies as of September 2007. (8) Source: Plan for Life as of September 2007.
20
annual_report
PhoenixGroupHoldingsPLC-AR_2020
220
We are seeing strong growth in auto-enrolment pension contributions following its launch in the UK in 2012 as more people start saving for retirement.
24
annual_report
969
253
debt issued to a subsidiary. In addition, the parent company will on occasion enter into capital transactions such as the acquisition of its common stock.
25
10K
1556
2,337
Problem agricultural mortgages included delinquent mortgage loans of $4.0 million and $1.1 million at December 31, 2000 and 1999, respectively, and there were no mortgage loans in the process of foreclosure at such dates.
34
10K
gb_prudential-AR_2017
362
4 Working age population: 15 to 64 years. 5 World Health Organisation – Global Health Observatory data repository (2013). Out‑of‑pocket as a percentage of Total Health Expenditure. Asia calculated as average out‑of‑pocket.
32
annual_report
RaiffeisenBankInternationalAG-AR_2018
5,379
The recognition of financial liabilities is largely in accordance with the rules of IAS 39, with the exception that changes in the fair value of liabilities measured at fair value which are caused by changes in RBI’s own default risk are to be booked in other comprehensive income.
48
annual_report
4768
1,465
For the year ended December 31, 2013, book value per share increased by $2.41 per share, or 21.8%, to $13.48 per share from $11.07 per share as of December 31, 2012. For the year ended December 31, 2013, diluted book value per share increased by $2.23 per share, or 20.5%, to $13.12 per share from $10.89 per share as of...
63
10K
764
258
Balance, December 31, 1994 $(1,896,089) Net appreciation 3,547,710 ----------- Balance, December 31, 1995 $ 1,651,621 Net depreciation (1,108,100) ----------- Balance, December 31, 1996 $ 543,521 Net appreciation 591,680 ----------- Balance, December 31, 1997 $ 1,135,201 ===========
36
10K
2188
1,621
Securities borrowed and securities loaned are treated as financing arrangements and are recorded at the amount of cash advanced or received. With respect to securities loaned, the Company obtains collateral in an amount equal to 102% and 105% of the fair value of the domestic and foreign securities, respectively. The C...
85
10K
PhoenixGroupHoldingsPLC-AR_2020
4,906
Expenses and deferred acquisition costs carried forward 20 (90) – 102 10 – 42
14
annual_report
4939
743
Investment income is an important element of our net income. Because the period of time between our receipt of premiums and the ultimate settlement of claims is often several years or longer, we are able to invest cash from premiums for significant periods of time. As a result, we are able to generate more investment i...
118
10K
5384
1,669
Trinity and Capitol County Mutual Fire Insurance Company (“Capitol”) are parties to a quota share reinsurance agreement whereby Trinity assumes 100% of the business written by Capitol, subject to a cap, for ceded losses for dwelling coverage. Earned Premiums assumed by Trinity from Capitol were $20.7 million, $21.3 mil...
141
10K
4048
713
In November 2009, we announced we were selected to provide managed care services in Mississippi to Medicaid recipients through the Mississippi Coordinated Access Network (MississippiCan) program. We are working with the State and currently expect a 2010 start date.
39
10K
5516
2,426
year. We also estimated total unrecognized expense of less than $1 million in each of the years ended December 31, 2018, 2017 and 2016 related to these awards.
28
10K
NatwestGroupPLC-AR_2016
1,648
The removal of pro rating places additional focus on good leaver definitions and further details on the circumstances that will qualify for good leaver treatment are set out on page 99.
31
annual_report
4553
956
approximately $12.4 billion at December 31, 2012 and $12.3 billion at December 31, 2011 of liabilities assumed under retroactive reinsurance contracts. Liabilities arising from retroactive contracts with exposure to claims of this nature are generally subject to aggregate policy limits. Thus, our exposure to environmen...
128
10K
AegonNV-AR_2006
1,997
Supervisory Board, raising issues in relation to his audit that require the attention of management. Pursuant to the Audit Committee
20
annual_report
3609
1,202
Effective January 1, 2008, the Company adopted SFAS No. 157 and 159. The Company does not expect the adoption of these statements to have a material impact on the Company’s financial condition.
32
10K