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NatwestGroupPLC-AR_2010 | 3,079 | During the year, as well as advice received from Towers Watson and PwC, the Committee took account of the views of the Group Chairman, Philip Hampton; Group Chief Executive, Stephen Hester; Group Human Resources Directors, Neil Roden (until October 2010) and Elaine Arden (from October 2010); the Group General Counsel and Group Secretary, Miller McLean (until April 2010); and the Group Secretary, Aileen Taylor (from May 2010). Advice was received from Nathan Bostock, Head of Restructuring and Risk, on risk-adjustment of measures for bonus pool funding and a risk review of individual performance evaluations for the Management Committee. The Chairman of the Board Risk Committee, Philip Scott, also attended a Remuneration Committee meeting to advise the Committee on matters relating to risk adjustment. | 123 | annual_report |
4430 | 1,505 | Ceded reinsurance arrangements do not relieve TRH from its obligations to the insurers and reinsurers from whom it assumes business. The failure of retrocessionnaires to honor their obligations could result in losses to TRH; consequently, an allowance has been established for estimated unrecoverable reinsurance on paid and unpaid losses totaling $12.0 million as of December 31, 2011 and 2010. Write-offs of reinsurance recoverable on paid and unpaid losses and LAE in 2011 and 2010 were not material. At December 31, 2011, $12.2 million of the total reinsurance recoverable balance was overdue by more than 90 days, $6.4 million of which was collateralized. At December 31, 2010, $8.2 million of the total reinsurance recoverable balance was overdue by more than 90 days, of which $2.2 million was collateralized. | 127 | 10K |
TrygAS-AR_2012 | 118 | Sales to and the servicing of private customers in Denmark are handled via call centres and the Internet, via Tryg’s own agents, group agreements, car dealers, estate agents and Nordea’s branches. | 31 | annual_report |
StandardLifeAberdeenPLC-AR_2013 | 2,814 | 3. Financial information – Notes to the Group financial statements continued 42. Fair value of assets and liabilities continued (d) Methods and assumptions used to determine fair value of assets and liabilities continued (d)(i) Fair value hierarchy for assets measured at fair value in the statement of financial position The table below presents the Group's assets measured at fair value by level of the fair value hierarchy. | 67 | annual_report |
4032 | 1,962 | As of December 31, 2009, the amount included in derivative assets and VIE debt related to the consolidation of NIMS trusts was $11.0 million and $288.0 million, respectively. As of December 31, 2008, the amount included in derivative assets and VIE debt related to the consolidation of NIMS trusts was $4.1 million and $160.0 million, respectively. We consolidate the assets and liabilities associated with these VIEs when we gain control over the trust assets and liabilities as a result of our contractual provisions. The consolidated NIMS assets are accounted for as derivatives and recorded at fair value. The NIMS VIE debt is recorded at fair value. | 106 | 10K |
SwissReAG-AR_2003 | 1,064 | Property & Casualty Business Group results CHF millions 2002 2003 Change in % | 13 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2020 | 611 | When developing algorithms for this purpose using artificial intelligence, any unfair disadvantaging of policyholders must be avoided. This may result from premium increases or the denial of insurance cover – for example, if algorithms are based on nationality or ethnic background. Compliance with data protection law must also be ensured when using artificial intelligence to process personal data. | 58 | annual_report |
GjensidigeForsikringASA-AR_2012 | 2,007 | Subsidiaries Byggeriet Forsikringsservice A/S Copenhagen, Denmark 100.0 % Gjensidiges Arbejdsskadeforsikring A/S Copenhagen, Denmark 100.0 % Gjensidige Baltic AAS Riga, Latvia 100.0 % Gjensidige Bank Holding AS Oslo, Norway 100.0 % Gjensidige Norge AS Oslo, Norway 100.0 % Gjensidige Pensjon og Sparing Holding AS Oslo, Norway 100.0 % Glitne Invest AS (liquidated in 2012) Oslo, Norway 100.0 % Lokal Forsikring AS Oslo, Norway 100.0 % Nykredit Forsikring A/S Copenhagen, Denmark 100.0 % Oslo Areal AS Oslo, Norway 100.0 % Samtrygd Eigedom AS Førde, Norway 100.0 % Strandtorget Eiendom AS Oslo, Norway 100.0 % Tennant Holding AB Stockholm, Sweden 100.0 % | 99 | annual_report |
3713 | 1,023 | Net realized capital gains (losses) are comprised of the difference between the amortized cost of investments and proceeds from sale and redemption, as well as losses incurred due to other-than-temporary impairment of investments and changes in fair value of derivatives. The cost of the investments on disposal is determined based on specific identification of securities. Net realized capital gains (losses) on investments were as follows for the years ended December 31, 2008, 2007, and 2006. | 75 | 10K |
2760 | 1,196 | The carrying values and fair values of certain of the Company’s financial instruments as of December 31 were as follows: | 20 | 10K |
nl_ing_grp-AR_2013 | 187 | REVIEWS OF ING’S SUSTAINABILITY PERFORMANCE ING Group’s approach to sustainability is shaped by our specific skills and expertise as a financial company, our vision of the future and the expectations of our stakeholders. Reviews of our performance by sustainability research and rating agencies help us to improve our strategy and policies. ING’s 2013 scores and assessments for some of the key sustainability benchmarks and service providers are as follows: For more details on ING’s sustainability performance and assessments please refer to ING’s Sustainability Report 2013. | 85 | annual_report |
LloydsBankingGroupPLC-AR_2020 | 912 | The Group places great importance on making sure shareholders are effectively briefed on strategic and financial progress, in addition to considering their valued feedback. Comprehensive disclosure is provided with results and, given the increasing focus of investors on ESG matters, we now issue a specific ESG-focused presentation for investors ‘Our approach to ESG’. | 53 | annual_report |
ScorSE-AR_2014 | 3,386 | The experience and competences of the Directors are highly diverse. In addition to the Chairman of the Board, six of the Directors listed work or have worked at an executive level within the insurance industry and three Directors within in the financial and banking industry. The main activity of three of them is to be Company Directors. The Board benefits from international experience with Board Members living in United Kingdom, Austria, Switzerland, United States, Canada and Hong Kong. | 78 | annual_report |
fr_axa-AR_2013 | 6,124 | AXA the ability to redeem on certain dates the principal amount before settlement and without penalty, and; ■ interest rate step-up clauses with effect from a given date. | 28 | annual_report |
SwissReAG-AR_1917 | 20 | Fire, Liability, Accident, Burglary, Fidelity, Surety and Marine Dept?! Premium Reserve . . . . . .... . . .. ,. Frs. 27,844,944.- | 23 | annual_report |
StandardLifeAberdeenPLC-AR_2016 | 290 | Key activities Completed the acquisition of Elevate, making us one of the UK’s largest and fastest growing adviser platform businesses | 21 | annual_report |
5371 | 2,475 | See Note A - “Accounting Policies - Debt Issuance Costs” to the financial statements for a discussion of accounting guidance adopted on January 1, 2016, which impacted the presentation of debt issuance costs. | 33 | 10K |
AdmiralGroupPLC-AR_2013 | 1,291 | 3. Our Application of Materiality and an Overview of the Scope of our Audit The materiality for the Group financial statements as a whole was set at £18.5 million. This has been determined with reference to a benchmark of Group profit before taxation (of which it represents 5%) which we consider to be one of the principal considerations for members of the Company in assessing financial performance of the Group. | 70 | annual_report |
4921 | 2,984 | In 2014, four quarterly dividends of $0.16 per share were paid to all ordinary shareholders of record at March 14, June 13, September 15 and December 15. In 2013, four quarterly dividends of $0.14 per share were paid to all ordinary shareholders of record at March 15, June 14, September 13 and December 13. In 2012, four quarterly dividends of $0.11 per share were paid to all ordinary shareholders of record at March 15, June 15, September 14 and December 14. | 81 | 10K |
NNGroupNV-AR_2017 | 1,483 | – NN (L) Euro Sustainable Credit (excluding Financials) 679 587 471 | 11 | annual_report |
INGGroepNV-AR_2020 | 2,843 | The Supervisory Board is convinced that with its new, diverse composition of the executive top team, | 16 | annual_report |
gb_prudential-AR_2010 | 5,173 | Fixed Annuity business (including the proportion of variable annuity business invested in the general account):note i | 16 | annual_report |
2197 | 1,033 | Interest expense on non-recourse collateralized obligations decreased $11.8 million, or 28%, in 2002 compared to 2001, primarily due to reduced interest income received (discussed above) resulting in lower distributions to investment holders. | 32 | 10K |
BeazleyPLC-AR_2018 | 315 | These rate rises have made for a healthier pricing environment after several years of price erosion. We wrote 14% more business in 2018 than the previous year. | 27 | annual_report |
4313 | 1,198 | Under the PRC Law, the Company’s subsidiary and VIE in the PRC are required to make appropriation to the statutory reserve based on after-tax net earnings and determined in accordance with generally accepted accounting principles of the People’s Republic of China (the “PRC GAAP”). Appropriation to the statutory reserve should be at least 10% of the after-tax net income until the reserve is equal to 50% of the registered capital. The statutory reserve is established for the purpose of providing employee facilities and other collective benefits to the employees and is non-distributable other than in liquidation. | 96 | 10K |
5600 | 1,814 | The adoption of this guidance is not expected to have a significant impact on the Company’s financial position, results of operations or disclosures. | 23 | 10K |
RSAInsuranceGroupPLC-AR_2013 | 817 | Stephen Hester, Richard Houghton and Adrian Brown, Executive Directors of the Company, do not hold outside directorships of FTSE100 (or any other listed) companies but would be allowed to have one such appointment, subject to the approval of the Group Nomination Committee. | 42 | annual_report |
3630 | 1,233 | London market account - The 2008 hurricanes increased losses by $12.1 million and increased the 2008 loss ratio by 11.3 percentage points. There was also $21.4 million of redundant reserve development in 2008, mostly from our property and energy businesses, which included a $5.4 million reduction of the 2005 hurricane losses. The loss ratio in 2007 was slightly higher than expected due to adverse development in our London accident and health and energy businesses. The reduction of 2005 hurricane losses lowered the 2006 net loss ratio by 9.1 percentage points. The London market account line of business can have relatively high year-to-year volatility due to catastrophe exposure. | 107 | 10K |
5525 | 466 | The following table sets forth the amortized cost and fair value of available-for-sale fixed maturities by contractual maturity at December 31, 2018: | 22 | 10K |
SwissReAG-AR_1936 | 22 | Foreign Currencies in the Profit and Loss Account and the Balance Sheet have been converted at the average rates of exchange for December 1936, with the exception of certain currencies, for which we have considered it advisable to use lower rates in view of existing transfer difficulties. | 47 | annual_report |
5809 | 1,012 | •Reduce the difference between interest credited to policyholders and interest earned on supporting assets (“gross margin”); | 16 | 10K |
gb_prudential-AR_2012 | 314 | ‘ Prudential’s strategy in Asia is well established and continues to be highly eff ective. We are focused on building high-quality, multi-channel distribution that provides customers with access to products that are appropriate for their fi nancial planning needs. Typically this involves a high proportion of regular premium policies that combine savings and protection.’ | 54 | annual_report |
2156 | 425 | Ceded premiums at Association Casualty increased $0.5 million, or 12.8%, during 2002. As Association Casualty continued its diversification into commercial lines other than workers’ compensation, ceded premiums increased significantly due to the higher reinsurance costs associated with these new lines of business. | 42 | 10K |
StorebrandASA-AR_2016 | 483 | Interest rates continued to fall in Sweden during 2016, while in Norway, interest rates were at about the same level as at the start of the year. | 27 | annual_report |
4400 | 866 | Our portfolio is primarily composed of taxable publicly-traded fixed income securities as well as tax-preferred state and municipal securities. Our taxable publicly-traded fixed income securities primarily include corporate debt obligations, asset-backed securities, commercial mortgage-backed securities, and residential mortgage-backed securities. | 39 | 10K |
4543 | 1,909 | ABS include mostly investment-grade debt securities backed by pools of loans with a variety of underlying collateral, including automobile loan receivables, student loans, credit card receivables, and CLO Debt originated by a variety of financial institutions. The fair values of ABS are priced through the use of a model which uses prepayment speeds and spreads sourced primarily from the new issue market. As the significant inputs used to price ABS are observable market inputs, the fair values of ABS are classified within Level 2. Where pricing is unavailable from pricing services, we obtain non-binding quotes from broker-dealers or use a discounted cash flow model to estimate fair value. This is generally the case when there is a low volume of trading activity and current transactions are not orderly. These securities are priced within Level 3. | 135 | 10K |
LloydsBankingGroupPLC-AR_2010 | 614 | One of the key reforms impacting the Group arises from a revised treatment of the capital held within our insurance subsidiaries. During 2010, following a strategic review of our capital structure, £0.8 billion of equity was exchanged for subordinated debt within the insurance group and £1.5 billion was repatriated from the insurance group. Whilst this has no overall effect on the Group’s core tier 1 capital under current Basel regulations, it does deliver a material core tier 1 capital benefit under the proposed Basel III reforms. | 86 | annual_report |
3999 | 954 | The following table summarizes for fixed income securities in an unrealized loss position at December 31, 2009 and 2008, the aggregate fair value and gross unrealized loss by length of time those securities have been continuously in an unrealized loss position (dollars in thousands): | 44 | 10K |
4356 | 1,989 | Corporate-Corporate securities consist primarily of bonds issued by U.S. and foreign corporations covering a variety of industries and issuing countries. These securities are generally priced by independent pricing services and brokers. The pricing provider incorporates information including credit spreads, interest rate data and market news into the valuation of each security. The Company generally classifies these securities in Level 2. When a corporate security is inactively traded or the valuation model uses unobservable inputs, the Company classifies the security in Level 3. | 82 | 10K |
4198 | 765 | In 2009, the commercial segment’s loss ratio increased to 56.8%. The loss ratio in 2009 was negatively affected by increased losses in commercial multi-peril, increased reinsurance costs resulting in lower net premiums earned for the commercial segment and increased incurred losses in the workers compensation line. These factors were partially offset by redundant loss development in all commercial product lines except for workers compensation. The increase in commercial multi-peril losses was driven by an increase in fire related losses in 2009. | 81 | 10K |
2090 | 714 | The following tables set forth the Plan’s funded status and amounts recognized in the Company’s consolidated financial statements as of December 31, 2002 and 2001. | 25 | 10K |
2418 | 559 | Future policy benefits and claims also include reserves for incurred but unreported health claims. We recognize claims costs in the period the service was provided to our members. However, claims costs incurred in a particular period are not known with certainty until after we receive, process and pay the claims. We determine the amount of this liability using actuarial methods based on historical claim payment patterns as well as emerging medical cost trends to determine our estimate of claim liabilities. We also look back to assess how our prior periods' estimates developed. To the extent appropriate, changes in such development are recorded as a change to current period claim expense. For the years ending 2004, 2003 and 2002, the amount of the claim reserve adjustment made in that period for prior period estimates was within a reasonable range given our normal claim fluctuations. | 143 | 10K |
ASRNederlandNV-AR_2014 | 1,771 | Debt related to cash collateral on derivatives instruments is included in the amount due to banks (chapter 6.21). | 18 | annual_report |
4095 | 2,165 | The super senior structure was introduced to the U.S. commercial mortgage-backed securities market in late 2004 and was modified in early 2005 to increase subordination from 20% to 30%. With the changes to the commercial mortgage-backed securities structure in 2005, there became three distinct AAA classes for commercial mortgage-backed securities with fixed rate terms, (1) super senior AAA with 30% subordination, (2) mezzanine AAA with 20% subordination and (3) junior AAA with approximately 14% subordination. The super senior class has priority over the mezzanine and junior classes to all principal cash flows (repayments, prepayments and recoveries on defaulted loans). As a result, all super senior bonds must be completely repaid before the mezzanine or junior bonds receive any principal cash flows. In addition, the super senior bonds will not experience any loss of principal until both the entire mezzanine and junior bonds are written-down to zero. We believe the importance of this additional credit enhancement afforded to the super senior class over the mezzanine and junior classes is limited in a benign commercial real estate cycle with low defaults but becomes more significant in a deep commercial real estate downturn under which expected losses increase substantially. | 196 | 10K |
4426 | 526 | Net Premiums Written. Net premiums written totaled $240.2 million in 2010 compared to $262.8 million in 2009, representing a decrease of $22.6 million, or 8.6%. The decrease was primarily attributable to the decrease in gross written premiums, offset in part by a $3.1 million decrease in premiums ceded primarily resulting from residual market business. Premiums ceded were also impacted by our new excess of loss reinsurance program that became effective on October 1, 2010. Gross premiums written assumed from the NCCI residual market pools in 2010 decreased approximately $1.7 million (41.7%) from the prior year amount, resulting in a similar reduction in ceded premiums since the business assumed from the NCCI for policy years 2009 and 2010 is ceded to independent reinsurers. This reduction in ceded premiums was offset by a higher ceding rate in our excess of loss reinsurance program that renewed in October 2010. Our ceding rate increased by approximately 141% as a result of lowering the attachment point from $0.5 million to $0.25 million and increasing maximum coverage from $85.0 million to $100.0 million. | 177 | 10K |
LloydsBankingGroupPLC-AR_2019 | 2,209 | Conclusion: The Group continues to place significant focus on implementing complex regulatory changes, as well as ensuring effective horizon scanning of upcoming trends. The Committee has discussed the topics raised, and will continue to closely monitor compliance with regulatory requirements, including ring-fencing in 2020. Regulatory risk will remain a priority area of focus for the Committee in 2020. | 58 | annual_report |
AvivaPLC-AR_2019 | 2,653 | Strategic report Governance IFRS financial statements Other information 7 – Details of expenses This note gives further detail on the items appearing in the expenses section of the income statement. | 30 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2004 | 1,667 | If pension obligations are covered by assets held by a legally separate entity (e.g. a fund or a contractual trust agreement in the form of a two-way trust) – assets that may only be used to cover the pension commitments given and are not accessible to creditors – the pension obligations are shown less the amount of these plan assets. If the fair value of the plan assets exceeds the related outsourced pension obligations, this repayment claim is shown under “other receivables”. | 82 | annual_report |
AegonNV-AR_2010 | 404 | As the recent financial crisis underlined, we need to maintain a substantial capital buffer to ensure that | 17 | annual_report |
5486 | 1,481 | Insurance claims and policyholders’ benefits reported on the Consolidated Statements of Income are net of reinsurance recoveries of $3.1 billion, $3.0 billion and $2.6 billion for the years ended December 31, 2017, 2016 and 2015, including $2.5 billion, $2.6 billion and $2.3 billion related to the significant third party captive program discussed above. | 53 | 10K |
2966 | 515 | On January 31, 2007, MMC entered into a stock purchase agreement with Great-West Lifeco Inc. (“GWL”), a majority-owned subsidiary of Power Financial Corporation, pursuant to which GWL will purchase Putnam Investments Trust. The sale includes Putnam’s interest in the T.H. Lee private equity business. The after-tax cash proceeds to MMC are expected to be approximately $2.5 billion, subject to possible adjustment based on (i) changes in Putnam’s adjusted stockholders’ equity between September 30, 2006 and closing and (ii) any decline below an agreed threshold in Putnam’s adjusted asset management revenue between December 31, 2006 and closing. For further information and a copy of the stock purchase agreement, please see our Form 8-K filed on February 1, 2007. MMC expects the sale of Putnam to close in mid-2007. Putnam is classified as part of continuing operations in this annual report because the decision to sell Putnam was not made until after December 31, 2006 and Putnam did not meet the criteria to be classified as a discontinued operation in 2006. We expect to classify Putnam as a discontinued operation in the first quarter of 2007. | 184 | 10K |
de_allianz-AR_2013 | 2,374 | 1 In % of net reserves as of 31 December 2012. | 11 | annual_report |
3964 | 829 | (1) Net statutory reserves include an adjustment for reinsurance recoverables on paid loss and loss adjustment expenses. On a statutory basis reinsurance recoverables on paid loss and loss adjustment expenses are not included as a reduction of reserves but are recorded as a statutory asset. | 45 | 10K |
3631 | 1,494 | Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations. Callable bonds represented 2.43%, or $126.2 million, of our investment securities at December 31, 2008. | 33 | 10K |
gb_prudential-AR_2007 | 1,072 | The Committee Chairman reported to the Board on matters of particular significance after each Committee meeting, and the minutes of Committee meetings were circulated to all Board members. | 28 | annual_report |
1888 | 614 | The Company currently follows the general practice of reinsuring that portion of risk on the life of any individual which is in excess of $40,000 for individual policies (under yearly renewable term and coinsurance agreements) and $15,000 for group policies (under a group yearly renewable term agreement). Graded death benefit and simplified issue coverages above $4,000 are generally 50% reinsured, with the Life Insurance Subsidiaries maintaining a maximum $10,000 risk on any one policyholder. Individual and group accidental death coverage and a minor portion of cancer coverage are 100% reinsured. To the extent that reinsuring companies are unable to meet obligations under reinsurance agreements, the Company would remain liable. Reinsurance premiums, expenses, recoveries and reserves related to reinsured business are accounted for on bases consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts. | 142 | 10K |
3575 | 1,724 | Due to the inherent uncertainties in estimating claim and claim adjustment expense reserves for A&E and due to the significant uncertainties described related to A&E claims, CNA’s ultimate liability for these cases, both individually and in aggregate, may exceed the recorded reserves. Any such potential additional liability, or any range of potential additional amounts, cannot be reasonably estimated currently, but could be material to CNA’s business, insurer financial strength and debt ratings and our results of operations and equity. Due to, among other things, the factors described above, it may be necessary for CNA to record material changes in its A&E claim and claim adjustment expense reserves in the future, should new information become available or other developments emerge. | 119 | 10K |
530 | 132 | Net investment and other income increased by $1,036 thousand. Net investment income increased by $9,298 thousand to $68,876 thousand in 1995 from $59,887 thousand in 1994. This increase is attributable to an 11.5% increase in general investment account assets and policy loans and an increase in the portfolio yield from 7.5% in 1994 to 7.8% in 1995. Other income, which is primarily comprised of reserve adjustments and commission and expense allowances on reinsurance ceded , decreased by $7,894 thousand, due to less growth in the reinsured block of business in 1995 versus 1994. The components of net investment income are set forth below. | 103 | 10K |
AegonNV-AR_2016 | 1,901 | <100% SCR Regulatory plan <100% SCR <100% RBC Suspension of dividends. Regulatory plan required. | 14 | annual_report |
PosteItalianeSpA-AR_2018 | 4,581 | Net revenue from ordinary activities 8,211 966 6,095 1,472 (5,880) 10,864 | 11 | annual_report |
1756 | 732 | The difference between income taxes provided at the Company's federal statutory rate and effective tax rate is as follows: | 19 | 10K |
nl_ing_grp-AR_2016 | 51 | Common equity Tier 1 ratio fully loaded ING Group > Prevailing fully-loaded requirements 14.2% 12.7% 10.5% Common equity Tier 1 ratio fully loaded ING Bank 12.6% 11.6% 11.4% Leverage ratio ING Group 1 >4% 4.8% 4.4% Leverage ratio ING Bank 1 4.2% 4.1% 3.6% Underlying cost/income ratio 50-52% 54.2% 55.9% 58.7% Underlying return on equity ING Group awaiting regulatory clarity 10.1% 8.6% 7.2% Underlying return on equity ING Bank 11.6% 10.8% 9.9% Dividend per share (in euros) progressive dividend over time 0.66 0.65 0.12 | 84 | annual_report |
5582 | 1,689 | The ability of the Company to make debt principal and interest payments depends on the earnings and surplus of subsidiaries, investment earnings on undeployed capital proceeds, and the Company’s ability to raise additional funds. Future principal payments due on long-term debt, excluding discounts, as of December 31, 2018, were as follows (dollars in thousands): | 54 | 10K |
PosteItalianeSpA-AR_2018 | 1,557 | As evidence of the Group’s ongoing commitment on the protection of human rights and the enhancement of diversity, in 2018 Poste Italiane signed a Memorandum of Understanding with the Ministry of Equal Opportunities, aimed at promoting the cooperation between the two parties to carry out more effective and common communication, awareness and dissemination actions in order to: �� promote initiatives aimed at the protection and full affirmation of human rights, as well as preventing and combating all forms of exploitation of human beings and people trafficking; �� promote full implementation of policies regarding equal opportunities between men and women, with particular reference to work-life-balance and career issues; �� prevent and combat sexual and gender-based violence, stalking and any other form of violence against and abuse of women and children; �� prevent and eliminate all forms of discrimination directly or indirectly based on gender, racial or ethnic origin, religion or beliefs, age, sexual orientation and gender identity. | 156 | annual_report |
5893 | 275 | valuation of reserves for long term care policies, including controls over management’s development of the current best estimate assumptions. These procedures also included, among others, evaluating and testing management’s process for developing the estimate of the long term care reserves, testing the completeness and accuracy of underlying data used by management and testing that assumptions are accurately reflected in the models. Evaluating and testing management’s process also included the involvement of professionals with specialized skill and knowledge to assist in (i) evaluating the reasonableness of the current best estimate assumptions related to expected premium rate increases, benefit reductions, morbidity rates and interest rates earned on assets supporting the liability, and (ii) evaluating the appropriateness of management’s models. | 117 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012 | 129 | The risks that we cover differ greatly in nature. Their partial noncorrelation in terms of potential loss occurrence enables us to balance the risks over time, across regions and across fields of business – a diversification benefit that is key for our success. The size and mix of our risk portfolio mean we can cover comparatively more risks with the risk capital available. | 63 | annual_report |
4172 | 999 | Cost reduction activity for 2008, 2009 and 2010 was as follows: | 11 | 10K |
3551 | 641 | In August 2006, our unsecured four-year term loan matured and the balance was paid off. | 15 | 10K |
3602 | 1,108 | The increase in variable annuity benefit expense is due to increased accruals for variable annuity liabilities resulting from the higher asset-based policy charge revenue. | 24 | 10K |
5520 | 1,053 | From time to time, assessments are levied on our insurance subsidiaries by life and health guaranty associations in most states in which the subsidiaries are licensed. These assessments, which are accrued for, are to cover losses of policyholders of insolvent or rehabilitated companies. In some states, these assessments can be partially recovered through a reduction in future premium taxes. Expenses for guaranty fund assessments, net of related premium tax offsets, totaled less than $0.1 million in 2018, 2017 and 2016. | 80 | 10K |
StorebrandASA-AR_2010 | 1,784 | in 2010, the return on the cash portion of the bonus bank was 3.04 per cent and the return on the share portion of the bonus bank was 10.3 per cent. | 31 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014 | 3,227 | Münchener Rückversicherungs-Gesellschaft (Munich Reinsurance Company) is a reinsurance company organised under the laws of Germany. In some countries, including in the United States, Munich Reinsurance Company holds the status of an unauthorised reinsurer. Policies are underwritten by Munich Reinsurance Company or its affiliated insurance and reinsurance subsidiaries. Certain coverages are not available in all jurisdictions. | 55 | annual_report |
1756 | 288 | The HyperFeed warrants are carried in our financial statements at estimated fair value. Following the adoption of Statement of Financial Accounting Standards No. 133, "Accounting for Derivative Instruments and Hedging Activities", the change in estimated fair value of warrants during an accounting period is recorded in the Consolidated Statement of Operations for that period. See Note 4 of Notes to Consolidated Financial Statements, "Investments." | 64 | 10K |
PhoenixGroupHoldingsPLC-AR_2019 | 2,338 | To obtain sufficient audit evidence to conclude on core actuarial modelling systems and balances calculated outside these systems, using EY actuaries we performed the following procedures: • obtained an understanding of management’s process for model developments to the core actuarial system and tested the design, implementation and operating effectiveness of key controls over that process; • challenged and evaluated the methodology, inputs and assumptions applied to model changes made in the core actuarial modelling systems during the year; • reviewed the governance process around model changes by review of the relevant committee minutes; • assessed the results of management’s analysis of movements in insurance contract liabilities to corroborate that the actual impact of changes to models was consistent with that expected when the model change was implemented; and | 128 | annual_report |
3425 | 1,385 | CNA’s investment portfolio is subject to market declines below book value that may be other-than-temporary. CNA has an Impairment Committee, which reviews the investment portfolio on a quarterly basis, with ongoing analysis as new information becomes available. Any decline that is determined to be other-than-temporary is recorded as an other-than-temporary impairment loss in the results of operations in the period in which the determination occurred. Further information on CNA’s process for evaluating impairments is included in Note 2 of the Notes to Consolidated Financial Statements included under Item 8. | 89 | 10K |
DirectLineInsuranceGroupPLC-AR_2018 | 310 | A im We aim to achieve at least a 15% RoTE per annum over the long term. | 17 | annual_report |
4583 | 906 | During 2012, 2011, and 2010, the Company recognized no adjustments to additional paid-in capital for differences between deductions taken on its income tax returns related to stock-based compensation plans and the related income tax benefits previously recognized for financial reporting purposes. | 41 | 10K |
NatixisSA-AR_2005 | 1,619 | Cash, central banks, post offices (assets & liabilities) (193) 170 Interbank balances (6,315) (4,906) | 14 | annual_report |
4175 | 2,069 | At February 16, 2010, we had $606.1 million of letters of credit with effective dates on or before December 31, 2010 outstanding under the Reimbursement Agreement. | 26 | 10K |
5412 | 1,199 | Other investments may include alternative investments and other securities. Alternative investments are accounted for using the equity method. Our share of distributed and undistributed net income from alternative investments is included in "Net investment income earned" on our Consolidated Statements of Income. Other securities are primarily comprised of tax credit investments. Low income housing tax credits are accounted for under the proportional amortization method and all other tax credits are accounted for using the equity method. Under the proportional amortization method, our share of the investment’s performance is recorded in our Consolidated Statements of Income as a component of “Federal income tax expense.” Under the equity method, our share of distributed and undistributed net income is included in "Net investment income earned" on our Consolidated Statements of Income. For federal income tax credits accounted for under the equity method, we use the deferral method for recognizing the benefit of the tax credit with the related deferred revenue being recognized in our Consolidated Statements of Income as a component of "Federal income tax expense" proportionately over the life of the investment. | 180 | 10K |
2379 | 1,007 | CNA is vigorously defending these and other cases and believes that it has meritorious defenses to the claims asserted. However, there are numerous factual and legal issues to be resolved in connection with these claims, and it is extremely difficult to predict the outcome or ultimate financial exposure represented by these matters. Adverse developments with respect to any of these matters could have a material adverse effect on CNA's business, insurer financial strength and debt ratings, and the Company's results of operations and/or equity. | 84 | 10K |
NatwestGroupPLC-AR_2009 | 2,432 | Credit quality of loans The table below analyses the credit quality of the Group’s credit risk assets by risk bands and the proportion relating to assets in the Scheme. | 29 | annual_report |
fr_axa-AR_2010 | 1,413 | Net realized capital gains or losses attributable to shareholders 437 (386) | 11 | annual_report |
PowszechnyZakladUbezpieczenSA-AR_2017 | 488 | Warsaw offers two insurance options, namely a recommended option and a flexible option enabling the client to tailor the product to his or her specific needs; • in Q4 2017, enriching the residential insurance offering with smoke detectors proposed for each policy with a premium greater than PLN 210. | 49 | annual_report |
5531 | 889 | In 2016, MetLife announced its plan to pursue the separation of a substantial portion of its former U.S. retail business (the “Separation”.) Until the completion of the Separation on August 4, 2017, BHF was a wholly-owned subsidiary of MetLife, Inc. MetLife, Inc. undertook several actions, including an internal reorganization involving its U.S. retail business (the “Restructuring”) to include the Company and certain affiliates in the separated business. In connection with the Restructuring, effective April 2017, following receipt of applicable regulatory approvals, MetLife, Inc. contributed certain affiliated reinsurance companies and the Company to Brighthouse Life Insurance. On July 28, 2017, MetLife, Inc. contributed Brighthouse Holdings, LLC, an intermediate holding company, to BHF, resulting in the Company becoming an indirect wholly-owned subsidiary of BHF. On August 4, 2017, MetLife, Inc. completed the Separation through a distribution of 80.8% of MetLife, Inc.’s interest in BHF, to holders of MetLife, Inc. common stock. | 149 | 10K |
4545 | 1,325 | Centene and its subsidiaries lease office facilities and various equipment under non-cancelable operating leases which may contain escalation provisions. The rental expense related to these leases is recorded on a straight-line basis over the lease term, including rent holidays. Tenant improvement allowances are recorded as a liability and amortized against rent expense over the term of the lease. Rent expense was $27,935, $22,734 and $21,393 for the years ended December 31, 2012, 2011 and 2010, respectively. Annual non-cancelable minimum lease payments over the next five years and thereafter are as follows: | 91 | 10K |
2945 | 1,301 | The Company participates in securities lending programs whereby marketable securities in its investment portfolio are transferred to independent brokers or dealers based on, among other things, their creditworthiness in exchange for collateral initially equal to at least 102% of the value of the securities on loan and is thereafter maintained at a minimum of 100% of the market value of the securities loaned. The market value of the securities on loan to each borrower is monitored daily and the borrower is required to deliver additional collateral if the market value of the collateral falls below 100% of the market value of the securities on loan. The fair value of the collateral amounted to $1,389.9 and $658.5, which represents 102% and 102% of the market value of the securities on loan at December 31, 2005 and 2004, respectively. Under the guidance provided in FAS 140, Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, the Company recognizes the collateral as an asset, which is reported as “securities lending collateral” on its balance sheet and the Company records a corresponding liability for the obligation to return the collateral to the borrower, which is reported as “securities lending payable.” The securities on loan are reported in the applicable investment category on the balance sheet. | 214 | 10K |
gb_lloyds_banking_grp-AR_2019 | 4,109 | The FPC regularly considers the adequacy of the UK CCYB rate in light of the evolution of the overall risk environment. As at 31 December 2019 non-zero buffer rates also currently apply for Bulgaria, the Czech Republic, Denmark, France, Hong Kong, Iceland, Ireland, Lithuania, Norway, Slovakia and Sweden. During 2020 Belgium, Germany, and Luxembourg will implement non-zero buffer rates. The Group’s overall countercyclical capital buffer at 31 December 2019 was 0.9 per cent of risk-weighted assets which reflects the concentration of exposures of the Group to the UK. | 88 | annual_report |
5431 | 995 | The NAIC has established minimum capital requirements in the form of RBC. RBC considers the type of business written by an insurance company, the quality of its assets, and various other aspects of an insurance company's business to develop a minimum level of capital called "Authorized Control Level Risk-based Capital" and compares this level to an adjusted statutory capital that includes capital and surplus as reported under statutory accounting principles, plus certain investment reserves. Should the ratio of adjusted statutory capital to control level risk-based capital fall below 200%, a series of remedial actions by the affected company would be required. | 101 | 10K |
2930 | 1,794 | Premiums are included in insurance revenues in the Consolidated Statements of Income. Premiums for traditional life insurance products are reported as revenue when due. Traditional insurance products include whole life, term life, immediate annuities and supplementary contracts with life contingencies. | 40 | 10K |
934 | 397 | Mid Ocean had obtained multi-currency committed lines of credit provided by a syndicate of nine major international banks led by Chase Manhattan Bank, N.A. which provides for unsecured borrowing up to an aggregate amount of $200 million subject to certain conditions. The Mid Ocean facility is split evenly between a 364-day and a 5-year facility. These facilities remained in place following the merger with Mid Ocean. In August 1998, $50 million was borrowed from this facility and lent to XL in connection with the merger with Mid Ocean. This was repaid in November 1998. During this period the weighted average interest rate charged on the loan was 5.760% and the total interest expense amounted to $0.7 million. | 117 | 10K |
AegonNV-AR_2011 | 3,102 | Changes in revaluation reserve real estate held for own use – – 3 – – – 3 – 3 | 19 | annual_report |
5278 | 858 | Income before income taxes increased by $8.3 million, or 7.8%, and $15.1 million, or 16.6%, in 2016 and 2015, respectively. The increase in income before income taxes in 2016 was primarily driven by improved mortality experience in Asia. Unfavorable individual disability claims experience in Australia partially offset the increase in income in 2016. The increase in income before income taxes in 2015 was primarily due to favorable claims experience compared to the prior year. Foreign currency exchange fluctuations contributed to a decrease in income before income taxes of approximately $0.8 million and $8.0 million in 2016 and 2015, respectively. | 99 | 10K |
SwissLifeHoldingAG-AR_2013 | 2,144 | Swiss Life – Annual Report 2013 24 Income Taxes income tax expense | 12 | annual_report |
5151 | 671 | Our combined ratio on a gross basis decreased from 81.6% for the year ended December 31, 2013 to 79.4% for the year ended December 31, 2014. Our combined ratio on a net basis decreased from 72.9% for the year ended December 31, 2013 to 71.4% for the year ended December 31, 2014. The changes in our combined ratio, on both a gross and net basis, are primarily as a result of the improvement of the ceded premium ratio to gross earned premiums. | 82 | 10K |
INGGroepNV-AR_2005 | 1,013 | OFFSETTING OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES Financial assets and financial liabilities are offset and the net amount reported in the balance sheet when the Group has a legally enforceable right to set off the recognised amounts and intends to either settle on a net basis or to realise the asset and settle the liability simultaneously. | 56 | annual_report |
INGGroepNV-AR_2020 | 1,080 | In 2020, we introduced a global Code of Conduct, which outlines the 10 core principles we expect from employees. These principles build on the values and behaviours of our Orange Code and are based on | 35 | annual_report |
5340 | 5,368 | The Property Casualty Insurance Companies invest primarily in fixed maturity securities issued by corporations, municipalities and other governmental agencies and also invest in structured securities collateralized by, among other assets, residential and commercial real estate and commercial mortgage loans. While invested assets backing reserves of the Property Casualty Insurance Companies are primarily invested in conventional fixed maturity securities, we have continued to allocate a portion of our investment activity into asset classes that offer higher yields, particularly in the domestic operations. In addition, we continue to invest in both fixed rate and floating rate asset-backed investments for their risk-return attributes, as well as to manage our exposure to potential changes in interest rates. This asset diversification has maintained stable average yields while the overall credit ratings of our fixed maturity securities were largely unchanged. We expect to continue to pursue this investment strategy to meet the Property Casualty Insurance Companies’ liquidity, duration and credit quality objectives as well as current risk-return and tax objectives. | 164 | 10K |
5636 | 1,532 | In August 2017, in connection with the Convertible Note issuance the Company repurchased 3,552,397 shares of its common stock at a price of $11.26 per share from institutional investors for $40.0 million in a series of open market transactions. | 39 | 10K |
Sampoplc-AR_2016 | 3,221 | The following tables contain a number of material assumptions, specifications of pension costs, assets and liabilities and a sensitivity analysis showing the potential effect on the obligations of reasonable changes in those assumptions as at the end of the fiscal year. As apparent from the tables, the said amendments to the insured plan in Norway have been taken into account when preparing the annual accounts for 2015 and had a material impact on both recognized costs and assets and obligations. | 80 | annual_report |
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