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SwissReAG-AR_2013
1,846
the determination for whether a Group eC or GmB member has met the guidelines will include all vested shares that are owned directly or indirectly by the relevant members and related parties.
32
annual_report
5043
910
For available-for-sale securities in an unrealized loss position at December 31, 2015 and 2014, the following table summarizes the aggregate fair values and gross unrealized losses by length of time those securities have continuously been in an unrealized loss position.
40
10K
3160
970
The following discussion highlights significant factors influencing the consolidated financial position and results of operations of The National Security Group, Inc. (referred to in this document as we, our, us, the Company or NSEC) and its subsidiaries for the three years ended December 31, 2006. This discussion and ...
95
10K
BaloiseHoldingLtd-AR_2003
552
This also holds true for our in-house activities. A dialogue culture was fostered at staff events, departmental visits, the general agents’ tour and the Management Summer School; a culture that has helped gear the Baloise up for the challenges of the future.”
42
annual_report
LloydsBankingGroupPLC-AR_2014
520
The only area where we’ve seen an increase in CO2e related to consumption, relates to oil. The main reason is due to the new Horizon data centre becoming operational in the past year and receiving several deliveries of new oil.
40
annual_report
fr_axa-AR_2015
4,973
Equity component of compound fi nancial instruments - - - - -
12
annual_report
ScorSE-AR_2008
1,573
Parent company guarantees from SCOR SE to the benefi t of SCOR Switzerland AG for reinsurance commitments
17
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2001
1,200
PPrroossppeeccttss.. Europe’s largest satellite, Envisat, will orbit the earth once every 100 minutes from the beginning of 2002. It is expected to help provide more precise forecasts on climate development, volcanic eruptions and earthquakes.
34
annual_report
5380
933
Following the consummation of the Rehabilitation Exit Transactions, Ambac Assurance will seek to further improve its financial condition by continuing to pursue asset monetizations; loss recoveries; restructurings, purchases, modifications or exchanges of certain outstanding obligations; extinguishment or modification ...
73
10K
PhoenixGroupHoldingsPLC-AR_2020
2,876
We considered the valuation of insurance contract liabilities to be a significant risk for the Group. Specifically, we considered the actuarial assumptions and modelling that are applied, as these involve complex and significant judgments about future events, both internal and external to the business for which small c...
72
annual_report
5360
672
Other-than-temporary impairment losses on investments increased $32.0, or 38.4%, to $115.4 in 2016, primarily due to an increase in impairment losses on fixed maturity securities, partially offset by a decrease in impairment losses on equity securities.
36
10K
3922
552
Interest Expense. Interest expense related to the surplus notes issued by our insurance subsidiary in May 2004 totaled $0.9 million in 2008 and $1.1 million in 2007. The surplus notes interest rate, which is calculated at the beginning of each interest payment period using the 3-month LIBOR rate plus 400 basis points, ...
59
10K
NatixisSA-AR_2008
7,836
COFACE SWITZERLAND - SUCC (COFACE SA) Insurance FC 100 100 100 100 Switzerland
13
annual_report
ch_zurich_insurance_group-AR_2010
699
Related parties of Group Executive Committee members or of former members of the Group Executive Committee No benefits (or waiver of claims) have been provided to related parties of GEC members or related parties of former members of the GEC during the year 2010 and 2009. Neither had any related party of GEC members or...
73
annual_report
359
1,034
Cash interest payments were $17.4 million in 1996, $17.2 million in 1995 and $23.2 million in 1994.
17
10K
gb_prudential-AR_2014
5,062
Business area: Asia operations 49.0 38.0 US operations 123.6 104.3 UK operations 169.0 157.3
14
annual_report
Sampoplc-AR_2006
4,035
Sampo Bank recommends “Boring Housing Loan” Sampo Bank reiterated its recommendation of late last year for housing loan customers to protect themselves against interest rate rises by tying part of the loan amount to a longterm fixed interest rate. With Sampo Bank’s Boring Housing Loan, the customer can choose a fixed i...
108
annual_report
AdmiralGroupPLC-AR_2007
932
Deferred tax (asset) / liability at end of period (1,629) 981
11
annual_report
DirectLineInsuranceGroupPLC-AR_2018
637
Performance Commercial in-force policies increased by 6.6% compared with 2017 to 755,000. This reflected strong growth in both Direct Line for Business and NIG and other. Gross written premium increased by 1.9% to £511.0 million.
35
annual_report
5317
1,034
Of the interest expense of $27.3 million for the year ended December 31, 2015, approximately $9.2 million represents interest paid on the White Eagle Revolving Credit Facility, which included $6.7 million withheld from borrowings by the lender and $2.5 million paid by White Eagle. Approximately $4.9 million represents ...
100
10K
BeazleyPLC-AR_2015
1,014
Culturally, one of Beazley’s strengths is teamwork at every level. Our approach to the annual bonus reflects this culture through the operation of our bonus pool. The pool is based on profit before tax and ROE out-turns and is strongly aligned to outcomes for shareholders. A broad senior management team, beyond executi...
67
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006
2,670
No guaranteed interest rate 4,633 835 5,468 5,854 *After elimination of intra-Group transactions across segments.
15
annual_report
3661
2,212
Level 1 - Unadjusted quoted market prices for identical assets or liabilities in active markets which are accessible by the Company.
21
10K
gb_lloyds_banking_grp-AR_2017
3,503
Table 1.37: Analysis of 2017 total wholesale funding by residual maturity
11
annual_report
AvivaPLC-AR_2016
7,599
The Company faces exposure to foreign currency risk through some of its borrowings which are denominated in Euros. However, most of these borrowings have been on-lent to a subsidiary which holds investments in Euros, generating the net investment hedge described in the Group consolidated financial statements, note 57(a...
48
annual_report
5444
1,018
Net of valuation allowances of $11 million in 2017 and $17 million in 2016.
14
10K
3430
1,249
A company’s internal control over financial reporting is a process designed by, or under the supervision of, the company’s principal executive and principal financial officers, or persons performing similar functions, and effected by the company’s board of directors, management and other personnel to provide reasonable...
182
10K
AvivaPLC-AR_2019
3,675
(ii) The contractual maturity dates of undiscounted cash flows for these borrowings are: £m
14
annual_report
AssicurazioniGeneraliSpA-AR_2019
912
Interest expenses on liabilities linked to operating activities 401 333 20.4%
11
annual_report
5853
282
We have audited the accompanying balance sheets of Life Partners Position Holder Trust (the “Trust”) as of December 31, 2020 and 2019, the related statements of operations, changes in net assets, and cash flows for the years ended December 31, 2020 and 2019, and the related notes (collectively referred to as the “finan...
114
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008
3,527
Large and very large losses (net)3 €m 1,507 1,126 585 3,134 1,084
12
annual_report
HelvetiaHoldingAG-AR_2018
2,404
Fair value of plan assets (–) – 2 837.3 – 2 885.7
12
annual_report
5770
1,163
As our clients’ claim volumes increase or decrease, our resulting revenues and cost of revenues correspondingly increase or decrease. Our gross profit could also increase or decrease as a result of changes in purchasing discounts.
35
10K
5871
1,061
Depreciation and amortization expense related to real estate investments was $1,864, $1,782 and $1,536, respectively, for the years ended December 31, 2020, 2019 and 2018 and was included in net investment income on the consolidated statements of income.
38
10K
5346
749
Dividends paid to shareholders totaled $24.6 million, $21.7 million and $19.7 million in 2016, 2015 and 2014, respectively. Our practice has been to pay quarterly cash dividends, which we have paid every quarter since March 1968.
36
10K
4662
784
(viii) a gain on bargain purchase of $13.1 million in 2011, which arose in relation to our acquisition of Laguna Life Limited;
22
10K
3082
1,522
Acquisition and operating expenses, net of deferrals decreased in our U.S. mortgage insurance business primarily driven by continued productivity initiatives and other expense reductions and lower contract underwriting volume. Acquisition and operating expenses, net of deferrals in our international mortgage insurance ...
75
10K
NatwestGroupPLC-AR_2015
2,785
Services (GTS). Uncommitted GTS trade lending and new business has been terminated.
12
annual_report
gb_prudential-AR_2009
910
Developing credible successors Every year we conduct a review across the Group to identify, develop and reward people with leadership potential. During 2009, we held five Management Development Programme and seven Leadership Development Programme events. These events support the Group’s succession and development strat...
56
annual_report
SwissReAG-AR_2010
65
2010 was not just about turnaround measures, however. It was also a year for investing in Swiss Re’s future. In June, we set out clear strategic priorities and communicated how and where we want to grow. We reinforced this in October by realigning our management structure accordingly, strengthening the representation o...
91
annual_report
AvivaPLC-AR_2020
627
Distribution channels Aviva Poland has one of the largest agency networks in Poland which is the main distribution channel for the life business.
23
annual_report
ASRNederlandNV-AR_2012
163
Furthermore, the changes in laws and regulations made many pension advisors with relatively small portfolios, decide not to take the required courses as of 1 January 2012. As a result, they are no longer licensed to provide pension advice and to manage the existing pension portfolios. That is why pension advisory and m...
62
annual_report
INGGroepNV-AR_2020
4,599
The existence and effect of potential voting rights that are currently exercisable or convertible are considered in assessing whether ING Group controls another entity.
24
annual_report
NatwestGroupPLC-AR_2020
3,071
Credit risk continued Within the Wholesale portfolio, additional monitoring was implemented to identify and monitor specific sectors which had been particularly adversely affected by COVID-19 and the use of government support schemes (refer to Wholesale support schemes for further details).
40
annual_report
4599
1,759
Our life insurance business decreased $40 million primarily from our term and whole life insurance products as we did not offer these products in 2011, partially offset by an unfavorable reinsurance adjustment of $8 million in 2010 that did not recur.
41
10K
3507
3,709
the Company uses several methods to determine the fair value of real estate, but relies primarily on discounted cash flow analyses and, in some cases, third party appraisals.
28
10K
AdmiralGroupPLC-AR_2011
631
The Board met on eight occasions in 2011 with five of these meetings being held over two days. Two of the meetings were unscheduled Board meetings that were called at short notice. The Board also held a strategy day and visited its operations in Spain and the United States. The Chairman visits each of the Group’s overs...
140
annual_report
NatwestGroupPLC-AR_2014
5,849
RBS’s SVaR model has also been approved by the PRA for use in the capital requirement calculation. The regulatory SVaR differs from internal
23
annual_report
4078
1,205
Ceding Commission Revenue. Ceding commission revenue increased $15.5 million or 134.8% from $11.5 million in 2007 to $27.0 million in 2008. The increase resulted from the impact of the Maiden Quota Share being in effect for a full year in 2008.
41
10K
5325
1,377
insurance loss and LAE reserves developed favorably by $13.3 million and commercial lines insurance loss and LAE reserves developed favorably by $6.8 million. Personal automobile insurance loss and LAE reserves developed favorably by $1.8 million, net of the adverse development related to Alliance United, homeowners in...
142
10K
NatixisSA-AR_2015
9,106
In a decision taken on July 24, 2015, the Chief Executive Officer of Natixis recognized Natixis’ capital increase for a total of €45,037,279.08 through the issuance of 8,505,624 new shares each with a par value of €1.60 (i.e. a nominal amount of €13,608,998.40 and an issue premium of €31,428,280.68), and the bylaws wer...
59
annual_report
NatixisSA-AR_2018
7,877
The table below shows available-for-sale financial assets by type of instrument (fixed-income securities, variable-income securities). It discloses the gross value before impairment, the amount of impairment and the carrying amount net of impairment.
33
annual_report
5456
13,854
Total rental expense on operating leases for the years ended December 31, 2017, 2016 and 2015, was $36 million, $37 million and $35 million, respectively. Future minimum rental commitments (in millions) as of December 31, 2017, were as follows:
39
10K
AegonNV-AR_2014
1,321
Terms as ‘surrender fees’ for the unit-linked policies with regular premiums. The decision was in response to the changing environment relating to customer protection, and was in line with the regulator’s recommendation.
32
annual_report
349
143
The Company's policy is to maintain capital and surplus balances well in excess of the minimums required under government regulations in all jurisdictions in which the Company does business.
29
10K
gb_prudential-AR_2006
4,767
The following table sets out the Group’s commitments to lend funds at a fixed rate: Weighted Weighted average average interest interest
21
annual_report
2307
1,774
(1) The Company waives deduction of deferred fractional premiums upon death of insured and returns any portion of the final premium beyond the date of death. Surrender values promised in excess of the legally computed reserves totaled $43.9 million at December 31, 2003.
43
10K
ASRNederlandNV-AR_2018
4,730
Impact investing in euros > 300 million 300 million 57 million
11
annual_report
gb_prudential-AR_2013
3,745
Net income of the fund before movement in unallocated surplus 3,236 2,840 Movement in unallocated surplus (1,294) (769)
18
annual_report
PosteItalianeSpA-AR_2019
1,712
In line with the Deliver 2022 Plan, which provides for the gradual and complete extension, from a fully digital and multi-channel perspective, of financial services on digital channels, BancoPosta has launched a project dedicated to digital investment and asset management services. In this regard, in September 2019, a ...
89
annual_report
2228
1,421
The Company recognized losses on sale of investments of $(5.6) million in 2002 compared to gains of $5.2 million in 2001. During 2002 and 2001, the Company recorded impairment charges for certain fixed income and equity securities in the amount of $14.7 million and $3.5 million, respectively. The Company’s 2002 impairm...
102
10K
1498
219
In March 2000, the FASB issued Interpretation (“FIN”) No. 44, “Accounting for Certain Transactions Involving Stock Compensation - an Interpretation of APB No. 25.” FIN No. 44 clarifies the application of Accounting Principles Board Opinion (“APB”) No. 25 for certain issues including: (a) the definition of “employee” fo...
131
10K
AvivaPLC-AR_2012
3,111
(ii) The principal investments classified as Level 3, and the valuation techniques applied to them, are:  Structured bond-type products held by our business in France amounting to £8.6 billion (2011: £6.1 billion), for which there is no active market. These bonds are valued either using third-party counterparty or bro...
130
annual_report
3661
2,295
The Company elected to utilize the one time special transition provisions of SAB 108 and recorded an adjustment to retained earnings effective January 1, 2006 to reflect this change in accounting policy with respect to the capitalization and amortization of DAC associated with excess first and second year commissions. ...
129
10K
2309
427
We distribute our products through three primary channels: financial intermediaries (banks, securities brokerage firms, and independent broker/dealers), independent producers (brokerage general agencies, affluent market producer groups and specialized brokers), and dedicated sales specialists (long term care sales agen...
140
10K
834
213
Net investment income in 1997 of $48.4 million increased 17% compared to net investment income of $41.2 million in 1996. Net investment income in 1996 increased 12% compared to net investment income of $36.8 million in 1995. Pre-tax yields on invested assets, excluding equity securities, increased to 6.4% in 1997 from ...
268
10K
1891
465
To protect against the early termination of an asset or liability.
11
10K
3614
1,162
(c) Investment Gains and Losses: Realized net capital gains (losses) and the change in net unrealized appreciation (depreciation) of investments are summarized as follows:
24
10K
4833
1,435
The Company’s effective income tax rate (income tax expense as a percentage of income before income taxes) was 39.8% for 2013, 35.4% for 2012 and 39.7% for 2011. The differences in the effective tax rates were primarily due to changes in the ratio of permanent differences to income before income taxes, changes in state...
121
10K
fr_axa-AR_2000
1,452
The contribution to AXA’s consolidated net income (excluding the impact of exceptional operations) decreased by €260 million in 2000 due to the strengthening of insurance reserves in the United Kingdom, lower net income from Belgium (which had significant realized gains in 1999), and a decrease in net income from the o...
135
annual_report
5809
3,885
In December 2020, MetLife, Inc. paid $1.8 billion in cash in connection with the acquisition of Versant Health. See Note 3 of the Notes to the Consolidated Financial Statements.
29
10K
5859
567
As of December 31, 2020, Kinsale Insurance has only contracted with reinsurers with A.M. Best financial strength ratings of "A" (Excellent) or better. At December 31, 2020, the net reinsurance receivable, defined as the sum of paid and unpaid reinsurance recoverables, ceded unearned premiums less reinsurance payables, ...
95
10K
147
328
Reconciliation of the Company's actual tax rate to the U.S. Federal statutory rate is as follows:
16
10K
PhoenixGroupHoldingsPLC-AR_2016
1,350
Malus (being the forfeiture of unvested awards) and clawback (being the ability of the Company to claim repayment of paid amounts as a debt) provisions apply to the AIP, DBSS and LTIP. These provisions may be applied where the Remuneration Committee considers it appropriate to do so following: – a review of the conduct...
106
annual_report
1093
642
Series B Preferred Stock, $1 par value, is identical to the Series A Preferred stock except it has only one vote per share. During 1996 all of the outstanding Series B Preferred stock was converted into common stock on a share-for-share basis. See Note BB.
45
10K
SwissLifeHoldingAG-AR_2016
254
Rolf Dörig will be put forward for re-election as member and Chairman of the Board of Directors at the General Meeting of Shareholders of Swiss Life Holding on 25 April 2017.
31
annual_report
4070
811
At December 31, 2009, investments having an amortized cost of $5,026,215 were on deposit with various state insurance departments to meet their respective regulatory requirements.
25
10K
HannoverRueckSE-AR_2018
244
Europe The Eurozone economy was unable to sustain the vigorous upward course that it had charted in the previous year: the pace of growth slowed by 0.6 percentage points year-on-year to 1.9%. The economy already suffered a sharp drop in momentum in the first six months, only to lose further impetus in the second half o...
124
annual_report
4398
662
Net Investment Income. Net investment income in 2011 was $351.1 million as compared to $351.2 million in 2010. This level of net investment income reflects a 15% increase in average invested assets to $6,834.4 million in 2011 from $5,966.1 million in 2010, a higher level of investment income from the Company’s fixed ma...
96
10K
5077
3,652
the contribution to income (loss) of divested businesses that have been or will be sold or exited, including businesses that have been placed in wind down status, but that did not qualify for “discontinued operations” accounting treatment under U.S. GAAP; and
41
10K
5738
1,214
Fair values for private, non-traded securities are determined as follows: 1) we obtain estimates from independent pricing services and 2) we estimate fair value based upon a comparison to quoted issues of the same issuer or issues of other issuers with similar terms and risk characteristics. We analyze the independent ...
108
10K
ch_zurich_insurance_group-AR_2011
1,044
Certain life insurance contracts contain guarantees for which liabilities have been recorded for additional benefits and minimum guarantees. These arise primarily in the subsidiary Zurich American Life Insurance Company (ZALICO) (formerly known as KILICO) which in the past wrote variable annuity contracts that provide ...
118
annual_report
428
257
AVEMCO's activities are carried out from its 40,000 square foot headquarters, owned by AVEMCO and located adjacent to the Frederick Municipal Airport in Frederick, Maryland. AVEMCO also owns and occupies a 48,200 square foot office building and storage complex in St. Peters, Missouri, a two-story 12,000 square foot off...
90
10K
gb_lloyds_banking_grp-AR_2019
5,003
In certain circumstances, the Group will renegotiate the original terms of a customer’s loan, either as part of an ongoing customer relationship or in response to adverse changes in the circumstances of the borrower. In the latter circumstances, the loan will remain classified as either Stage 2 or Stage 3 until the cre...
111
annual_report
5121
444
Deferred financing and issuance costs - Costs incurred to obtain financing under the revolving senior credit facility, as described in note 5, have been capitalized and are amortized using the straight-line method over the term of the revolving senior credit facility. Amortization of deferred financing costs was $727,0...
202
10K
3198
969
Catastrophe losses contributed 5.5, 4.1 and 5.1 percentage points to the combined ratio in 2006, 2005 and 2004, respectively. Catastrophe losses in 2006 included wind and hail losses in March, April and October, with incurred losses of $37 million, $37 million and $38 million, respectively. Of the almost 13,000 catastr...
114
10K
GjensidigeForsikringASA-AR_2013
824
Impairment losses recognized for goodwill will not be reversed in a subsequent period. On disposal of a cash generating unit, the goodwill attributable will be included in the determination of the gain or loss on disposal.
36
annual_report
RSAInsuranceGroupPLC-AR_2019
2,372
There are no activities relevant for disclosure in respect of research and development of the Company.
16
annual_report
GjensidigeForsikringASA-AR_2012
1,703
Assets in life insurance with investment options 7,189.7 5,542.1 Total assets in life insurance with investment options 7,189.7 5,542.1
19
annual_report
1893
356
---------------------------- ------------- ------------ ----------- ------------- ----------- ----------- ------------ ------------ ------------- COL. A COL. B COL. C COL. D COL. E COL. F COL. G COL. H COL. I COL. J ---------------------------- ------------- ------------ ----------- ------------- ----------- ----------...
40
10K
5713
1,932
Net income available to common stockholders increased by $263 driven by an increase in income from continuing operations, partially offset by a reduction in income from discontinued operations due to the sale in May 2018 of the life and annuity business. Income from continuing operations, net of tax, increased by $600 ...
52
10K
4095
1,440
The future policy benefit reserves for our International Insurance segment and Individual Life segment, which as of December 31, 2009, represented 43% of our total future policy benefit reserves combined, relate primarily to non-participating whole life and term life products and are determined in accordance with U.S. ...
274
10K
NatwestGroupPLC-AR_2005
896
Contribution before impairment losses 1,706 1,186 Impairment losses 131 117 31 December 1 January
14
annual_report
5830
2,611
To manage reinsurer credit risk, a reinsurance security review committee evaluates the credit standing, financial performance, management and operational quality of each potential reinsurer.
24
10K
5827
1,221
On April 24, 2020, the Company received a $2.7 million PPP loan from the line of credit Lender pursuant to the Paycheck Protection Program of the CARES Act administered by the SBA. The PPP loan was incorporated into the existing line of credit facility and utilizes a portion of the line of credit’s limit. However, the ...
182
10K
GjensidigeForsikringASA-AR_2016
357
Notifications to the external mailbox are in principle anonymous, unless the whistleblower chooses to provide his/her name. Employees may submit notifications to this mailbox anonymously, as may customers, suppliers and other external stakeholders.
33
annual_report
5913
1,369
Other policyholders’ funds liability consists primarily of the fixed annuity line of business in Aflac Japan which has fixed benefits and premiums.
22
10K
2327
909
In November 2002, the FASB issued Interpretation No. 45 ("FIN 45"), "Guarantor's Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others", to clarify accounting and disclosure requirements relating to a guarantor's issuance of certain types of guarantees. FIN 45 re...
162
10K
2294
662
If we fail to properly maintain the integrity of our data, or to strategically implement new information systems, or to protect our proprietary rights to our systems, our business could be materially adversely affected.
34
10K
830
562
-------- -------- -------- Net cash provided by (used in) financing activities (6,875) 36,192 (1,954) -------- -------- -------- Net increase (decrease) in cash - (221) 100 Cash, beginning of year - 221 121 -------- -------- -------- Cash, end of year $ - $ - $ 221 ======== ======== ========
48
10K