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5872 | 942 | In our capacity as an insurance broker, we collect premiums from insureds and, after deducting our commissions and/or fees, remit these premiums to underwriting enterprises. We hold unremitted insurance premiums in a fiduciary capacity until we disburse them, and the use of such funds is restricted by laws in certain states and foreign jurisdictions in which our subsidiaries operate. Various state and foreign agencies regulate insurance brokers and provide specific requirements that limit the type of investments that may be made with such funds. Accordingly, we invest these funds in cash and U.S. Treasury fund accounts. We can earn interest income on these unremitted funds, which is included in investment income in the accompanying consolidated statement of earnings. These unremitted amounts are reported as restricted cash in the accompanying consolidated balance sheet, with the related liability reported as premiums payable to underwriting enterprises. Additionally, several of our foreign subsidiaries are required by various foreign agencies to meet certain liquidity and solvency requirements. We were in compliance with these requirements at December 31, 2020. | 173 | 10K |
2354 | 925 | Acquisition of Common Shares: Torchmark shares are acquired from time to time through open market purchases under the Torchmark stock repurchase program when it is believed to be the best use of Torchmark’s funds and for future employee stock option exercises. Share repurchases under this program were 5.5 million shares at a cost of $285 million in 2004, 5.9 million shares at a cost of $225 million in 2003, and 4.8 million shares at a cost of $182 million in 2002. | 81 | 10K |
NatwestGroupPLC-AR_2012 | 595 | All of our employees were invited to take part in facilitated workshops as part of The Best Programme. These workshops engage our people and gather their ideas about how we can become ‘Best’. Our state of the art internal social media site – Best Quest – allows open discussion and lets people post their ideas for the changes we need to make if we are to achieve our goals. | 69 | annual_report |
1244 | 355 | A summary of property and equipment at December 31, 1999 and 1998 follows: | 13 | 10K |
2510 | 1,289 | Once an impairment charge has been recorded, the Company continues to review the other-than-temporarily impaired securities for additional other-than-temporary impairments. As discussed in Note 1 of the Notes to Consolidated Financial Statements, the Financial Accounting Standards Board (“FASB”) voted to delay the implementation of the impairment measurement and recognition guidance contained in paragraphs 10-20 of EITF Issue No. 03-1, “The Meaning of Other-Than-Temporary Impairments and Its Application to Certain Investments” (“EITF Issue No. 03-1”), in order to redeliberate certain aspects of the consensus. The ultimate completion of EITF Issue No. 03-1 may impact the Company’s current other-than-temporary impairment evaluation process. | 100 | 10K |
INGGroepNV-AR_2019 | 4,604 | In 2018, changes in the reorganisation provisions were mainly attributable to existing initiatives following the digital transformation programmes of ING Bank. These initiatives are implemented over a period of several years and the estimate of the reorganisation provisions is inherently uncertain. The provision at the balance sheet date represents the best estimate of the expected redundancy costs and are expected to be sufficient to cover these costs. | 67 | annual_report |
nl_ing_grp-AR_2013 | 5,203 | Management of the insurance risks is done by ensuring that the terms and conditions of the insurance policies that NN underwrites are correctly aligned with the intended policyholder benefits to mitigate the risk that unintended benefits are covered. This is achieved through NN’s underwriting standards, product design requirements, and product approval and review processes. | 54 | annual_report |
2550 | 863 | The value of reinsurance business assumed and recorded at the inception of a retrocessional reinsurance contract represents the difference between the estimated ultimate amount of the liabilities assumed under retroactive reinsurance contracts and the consideration received under the contract. The value of reinsurance business assumed was amortized to losses and LAE based on the payment pattern of the losses assumed. The Company no longer carries this asset as it was included in an auto residual value reinsurance commutation contract with a subsidiary of ACE. | 84 | 10K |
ch_zurich_insurance_group-AR_2008 | 1,452 | h) Derecognition of financial assets and liabilities Financial assets are derecognized when the right to receive cash fl ows from the assets has expired, or when the Group has transferred its contractual right to receive the cash fl ows from the fi nancial asset, and either substantially all the risks and rewards of ownership have been transferred; or substantially all the risks and rewards have not been retained or transferred, but control has been transferred. | 75 | annual_report |
5608 | 935 | (2) Life claims payable include benefit and claim liabilities for which the Company believes the amount and timing of the payment is essentially fixed and determinable. Such amounts generally relate to incurred and reported death and critical illness claims including an estimate of claims incurred but not reported. | 48 | 10K |
SwissReAG-AR_1996 | 213 | In the m otor business, the most im portant line for primary insurers, the new adjustm ent procedure for bodily injuries has had little impact up to now. | 28 | annual_report |
AvivaPLC-AR_2014 | 4,913 | Reporting requirements PRA rules require insurance companies to submit annually their audited annual accounts, statements of financial position and life insurers’ annual reports from the actuary performing the actuarial function with the regulator. There is also a requirement to report the annual solvency position of the insurance company’s ultimate parent. The PRA uses the annual return to monitor the solvency (i.e. the ability to meet current and future obligations such as claims payments to policyholders) of the insurance company. For general insurance business, the return is also used to assess retrospectively the adequacy of the company’s claims provisions. The directors of an insurance company are required to sign a certificate, which includes a statement as to whether they have complied in all material respects with the requirements of Senior Management Arrangements, Systems and Controls (SYSC), Principles for Businesses (PRIN), Interim Prudential Sourcebook for Insurers (IPRU (INS)), General Prudential Sourcebook (GENPRU) and Prudential Sourcebook for Insurers (INSPRU). The directors must also certify that the company has completed its return to the PRA properly in accordance with the PRA’s instructions, and that the directors are satisfied that the company has complied in all material respects with the requirements set out in the PRA rules. | 202 | annual_report |
3608 | 923 | As discussed in Note 1 to the consolidated financial statements, the Company adopted the recognition and disclosure provisions of Statement of Financial Accounting Standards (“SFAS”) No. 158, “Employers’ Accounting for Defined Benefit Pension and other Postretirement Plans - an amendment of FASB Statements No. 87, 88, 106 and 123(R),” effective December 31, 2006. | 53 | 10K |
HiscoxLtd-AR_2019 | 1,013 | s Incentive awards are capped and are not considered excessive. s Executive Directors’ annual bonus awards are judgement based to ensure they reflect their overall performance rather than being measured according to a formulaic outcome. Risk is also taken into consideration as part of this. | 45 | annual_report |
1940 | 873 | In connection with the acquisition of Kaye, the Company issued the following subordinated convertible debentures: | 15 | 10K |
ch_zurich_insurance_group-AR_2008 | 346 | Additional fees Total fees (including expenses and value added taxes) in the year 2008 for additional services (e.g., tax services or special audits required by local law or regulatory bodies) performed by PwC and parties associated with them for Zurich Financial Services or one of the Group’s companies amounted to USD 2.8 million (USD 3.7 million in 2007). | 58 | annual_report |
SwissLifeHoldingAG-AR_2020 | 343 | Other appointments: – Vontobel Holding AG and Bank Vontobel Ltd, Member of the Board of Directors and | 17 | annual_report |
4961 | 899 | Great American or its parent, AFG, perform, and have for many years performed, certain services for the Company without charge including, without limitation, actuarial services and on a consultative basis, as needed, internal audit, legal, accounting and other | 38 | 10K |
5782 | 1,946 | The adoption of the Leases Update and related amendments did not have a significant impact on the Company's financial position, results of operations, or disclosures. | 25 | 10K |
2044 | 518 | Accounts receivable represent uncollected premiums related to coverage periods prior to the balance sheet date, and are stated at the estimated collectible amounts, net of an allowance for bad debts. The Company continuously monitors the timing and amount of its premium collections, and maintains a reserve for estimated bad debt losses. The amount of the reserve is based primarily on the Company's historical experience and any customer-specific collection issues that are identified. The Company believes its reserve for bad debt losses is adequate as of December 31, 2002. However, there can be no assurance that the bad debt losses ultimately incurred will not exceed the reserve for bad debts established by the Company. | 113 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012 | 1,849 | Carrying amounts €m 31.12.2012 Prev. year Mortgage loans 4,439 4,421 Loans and advance payments on insurance policies 605 602 Other loans 49,374 48,237 | 23 | annual_report |
StandardLifeAberdeenPLC-AR_2016 | 1,842 | 2 Appointed with effect from 4 July 2016. 3 Appointed with effect from 1 November 2015. 4 Stepped down from the Board following the conclusion of the AGM on 17 May 2016. 5 Resigned with effect from 24 June 2016. 6 Appointed Senior Independent Director following the conclusion of the AGM on 17 May 2016. 7 Appointed chairman of Standard Life Assurance Limited on 1 April 2016. | 67 | annual_report |
INGGroepNV-AR_2014 | 4,132 | In July 2011, the Dutch ING Pensioners’ Collective Action Foundation (Stichting Collectieve Actie Pensioengerechtigden ING Nederland), together with two trade unions (FNV Bondgenoten and CNV Dienstenbond) and a number of individual pensioners, instituted legal proceedings against ING’s decision not to provide funding for indexing pensions insured by the Dutch ING Pension Fund (Stichting Pensioenfonds ING) in 2009, 2010 and 2011. This claim was rejected by the District Court of Amsterdam on 9 November 2012. On 15 April 2014, the Amsterdam Court of Justice dismissed claimants’ appeal against the decision of the District Court of Amsterdam. | 95 | annual_report |
4061 | 1,031 | The income tax benefit recognized in 2009 of $16.1 million primarily represents the reduction of the valuation allowance applied to the deferred tax assets as a result of the growth in unrealized gains. In the fourth quarter of 2009, changes in the tax law allowed net operating losses to be carried back five years as opposed to two years, thereby allowing the recoupment of additional taxes. Going forward, we expect to continue to incur operating losses for tax purposes and generate net operating loss carry forwards for federal income tax reporting purposes for which we will effectively be unable to receive any immediate benefit in our Statements of Operations. | 109 | 10K |
4415 | 1,763 | the continued significant accumulation of cash and cash equivalents which occurred during 2011 and 2010 due largely to continuing strong operating cash flow; | 23 | 10K |
BaloiseHoldingLtd-AR_2017 | 1,552 | For its exposure to natural hazards the Baloise Group has purchased reinsurance cover for the whole Group amounting to cHF 250 million and cover for earthquakes amounting to cHF 350 million. | 31 | annual_report |
ScorSE-AR_2014 | 246 | 4.1.15 SCOR IS EXPOSED TO THE RISK OF NO LONGER BEING ABLE TO RETROCEDE LIABILITIES ON ECONOMICALLY VIABLE TERMS AND CONDITIONS | 21 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011 | 1,141 | We do not anticipate any rapid and significant increase in capital market interest rates; regular income from our investments is therefore likely to be relatively low – at just under 4% overall – for the financial years 2012 and 2013. We expect an annual return on investment of around 3.5%, taking into account the result from the disposal of investments, write-ups and write-downs as well as other income and expenses. | 70 | annual_report |
AvivaPLC-AR_2018 | 2,652 | Management’s impairment review in relation to the goodwill allocated to the Asian operating segment indicated the need to write down a balance of £3 million as a result of the current and forecast financial performance of the related cash generating units. | 41 | annual_report |
NatixisSA-AR_2011 | 6,314 | NATIXIS GLOBAL ASSET MANAGEMENT, LLC Holding FC 100 100 100 100 United States | 13 | annual_report |
ch_zurich_insurance_group-AR_2013 | 1,289 | Risk management is not only embedded in Zurich’s business but is also aligned with the Group’s strategic and operational planning process. The Group assesses risks systematically and from a strategic perspective through its proprietary Total Risk Profiling™ (TRP) process, which allows Zurich to identify and then evaluate the probability of a risk scenario occurring, as well as the severity of the consequences should it occur. The Group then develops, implements and monitors appropriate improvement actions. The TRP process is integral to how Zurich deals with change, and is particularly suited for evaluating strategic risks as well as risks to Zurich’s reputation. At Group level this process is performed annually, reviewed regularly and tied to the planning process. | 117 | annual_report |
4410 | 917 | Marine: Generally, two key assumptions are used by our actuaries in setting IBNR loss reserves for major products in this line of business. The first assumption is that our historical experience regarding paid and reported losses for each product where we have sufficient history can be relied on to predict future loss activity. The second assumption is that our underwriters’ assessments as to potential loss exposures are reliable indicators of the level of our expected loss activity. The specific loss reserves for marine are then analyzed separately by product based on such assumptions, except where noted below, with the major products including marine liability, cargo, P&I, transport and bluewater hull. | 110 | 10K |
2589 | 544 | Income from continuing operations increased by $300 million, or 53%, to $867 million for the year ended December 31, 2004 from $567 million for the comparable 2003 period. Included in this increase is an improvement in net investment gains (losses) of $242 million, net of income taxes. This increase includes additional fee income of $154 million, net of income taxes, primarily related to separate account products. In addition, improvement in interest rate spreads contributed $77 million, net of income taxes, to the year over year increase. These spreads are generally the percentage point difference between the yield earned on invested assets and the interest rate the Company uses to credit on certain liabilities. Therefore, given a constant value of assets and liabilities, an increase in interest rate spreads would result in higher income to the Company. Interest rate spreads include income from certain investment transactions, including corporate joint venture income and bond and commercial mortgage prepayment fees, the timing and amount of which are generally unpredictable. As a result, income from these investment transactions may fluctuate from year to year. These types of investment transactions contributed $38 million, net of income taxes, to the improvement in interest rate spreads. Additionally, the charge of $31 million, net of income taxes, in 2003 related to certain improperly deferred expenses at New England Financial, and a reduction in policyholder dividends of $39 million, net of income taxes, in 2004 contributed to the increase in income from continuing operations. These increases in income from continuing operations are partially offset by a reduction in earnings of $78 million, net of income taxes, resulting from an increase in the closed block-related policyholder dividend obligation, associated primarily with an improvement in net investment gains (losses). Higher DAC amortization of $74 million, net of income taxes, also increased expenses for the year ended December 31, 2004. Additionally, offsetting these increases are lower net investment income on traditional life and income | 322 | 10K |
5233 | 1,151 | Other invested assets shown on the balance sheet as of December 31, 2016 include investments in low income housing tax credit (LIHTC) partnerships, membership stock in the Federal Home Loan Bank of Chicago (FHLBC) and an investment in a real estate fund. During 2016, we recorded an additional $5.0 million interest in a low income housing tax credit partnership. Our LIHTC interests had a balance of $17.5 million at December 31, 2016 compared to $14.0 million at December 31, 2015 and recognized a total tax benefit of $1.9 million during 2016 compared to $1.1 million during 2015 and $0.2 million during 2014. Our investment in FHLBC stock totaled $1.6 million at the end of 2016 and 2015. Our investment in the real estate fund was carried at and had a fair value of $5.0 million at December 31, 2016, the same as the previous year. | 145 | 10K |
5550 | 1,240 | The Company adopted ASU 2016-16, “Income Taxes (Topic 740) - Intra-Entity Transfers of Assets Other than Inventory,” which requires entities to recognize current and deferred income tax resulting from an intra-entity asset transfer when the transfer occurs. Previously, recognition of income tax consequences under GAAP was not allowed until the asset had been sold to a third party. The adoption of this ASU did not have a material impact on the Company’s consolidated financial statements. | 75 | 10K |
995 | 416 | Investment income. Investment income decreased to $74.9 in 1998 from $78.0 million in 1997, a decrease of $3.1 million or 4%. The decrease is due to a decrease in investment yield. | 31 | 10K |
nl_ing_grp-AR_2015 | 6,221 | Advanced Measurement Approach (AMA) ING Bank has an Operational Risk Capital model in place in which the risk profile is closely tailored to the internal risk profile of ING Bank and its divisions, by using scenario data for capturing severe risks and internal loss and RCSA data for capturing day-to-day risks. The business has a strong role in assessing scenario severities and the ORM function in validating the results. The internal data are combined with external loss data (ORX) in the AMA capital calculation. In April 2013 ING Bank obtained accreditation for use of its enhanced AMA model for regulatory supervision purposes. ING Bank reports the regulatory capital numbers on a quarterly basis. The AMA capital for the fourth quarter of 2015 amounts to EUR 3,451 million. For the fourth quarter of 2014 the AMA capital amounted to EUR 2,700 million. The increase reflects higher operational RWA mainly caused by a model recalibration (EUR 277 million) and the increased impact of external loss data (EUR 317 million). | 167 | annual_report |
2885 | 465 | The method for determining our liability for unpaid losses and loss adjustment expenses includes, among other things, reviewing past loss experience and considering other factors such as legal, social and economic developments. | 32 | 10K |
3969 | 1,183 | •Level 1 - observable inputs such as quoted prices for identical assets in active markets; | 15 | 10K |
3018 | 1,728 | The Company leases office space to SLOC under lease agreements with terms expiring in December 31, 2009 and options to extend the terms for each of twelve successive five-year terms at fair market value of the fixed rent for the term which is then ending. Rent received by the Company under the leases amounted to approximately $10.6 million, $10.6 million, and $11.8 million in 2006, 2005 and 2004, respectively. Rental income is reported as a component of net investment income. | 80 | 10K |
SwissLifeHoldingAG-AR_2003 | 1,080 | Investment contracts, customer deposits and other funds on deposit 20 339 983 98 6 934 – – –268 28 086 | 20 | annual_report |
NatwestGroupPLC-AR_2015 | 4,421 | • Sector concentration risks were in the Dry Bulk sub-sector which represented 37% of exposure (2014 - 38%); Tankers | 19 | annual_report |
1910 | 452 | Our primary life products continues to be reinsurance of ordinary life insurance, primarily for mortality risk. Profitability of our life reinsurance line depends in large part on the volume and amount of death claims incurred. While death claims are reasonably predictable over a long time horizon, they are less predictable over shorter periods and are subject to fluctuation from quarter to quarter and year to year. Significant fluctuations from period to period could adversely affect the results of our operations, as occurred in 2002. At December 31, 2002 and 2001, the total face amount of our life insurance in force amounted to approximately $117.5 billion and $117.4 billion, respectively. At March 31, 2003, we estimate our life reinsurance in force to be approximately $72 billion, reflecting the novations, terminations and recaptures of certain of our reinsurance agreements that had occurred since December 31, 2002. At December 31, 2002 and 2001, we had retroceded approximately $1.26 billion and $493 million of our obligations under our life reinsurance contracts to other reinsurers, respectively, or 1.07% and 0.42% of our life insurance in force, respectively. | 182 | 10K |
2216 | 1,598 | Agency Loans-We have provided guarantees for certain agency loans in order to enhance the business operations and opportunities of several of the insurance agencies with which we do business. As of December 31, 2003, these loans had an aggregate outstanding balance of approximately $6 million. We have guaranteed the lending institutions that we will pay up to the entire principal amount outstanding in case of any agency defaults, plus any reasonable costs associated with the default. There are varying terms on the loans, and the guarantees are in place until the loans are paid in full. | 96 | 10K |
5879 | 1,421 | General and administrative expenses consist of salaries and benefits and related costs, legal and accounting fees, travel and client entertainment, fees relating to our letter of credit facilities, | 28 | 10K |
2235 | 840 | The amortized cost, gross unrealized holding gains, gross unrealized holding losses and fair value for held-to-maturity short-term investments are as follows at December 31, 2003 and 2002: | 27 | 10K |
4519 | 757 | In July 2005, Global Indemnity Group, Inc. sold $90.0 million of guaranteed senior notes, due July 20, 2015. These senior notes have an interest rate of 6.22%, payable semi-annually. In accordance with the agreement, on July 20, 2011 and 2012, the Company prepaid $18.0 million of the principal amount of the guaranteed senior notes. As of December 31, 2012, the Company owes $54.0 million under these agreements, with accrued interest of $1.5 million. On July 20, 2013 and 2014, the Company is required to prepay $18.0 million of the principal amount. On July 20, 2015, the Company is required to pay any remaining outstanding principal amount on the notes. The Company is dependent on dividends received from its Insurance Operations to fund this debt service. The notes are guaranteed by United America Indemnity, Ltd. and Global Indemnity (Cayman) Ltd. In the event that debt service obligations were not satisfied, Global Indemnity Group, Inc. would be precluded from paying dividends to U.A.I. (Luxembourg) Investment S.à.r.l., its parent company. | 167 | 10K |
ch_zurich_insurance_group-AR_2010 | 2,071 | Mortgage and asset-backed securities: < 1 year – – 575 1,288 17 69 | 13 | annual_report |
StandardLifeAberdeenPLC-AR_2012 | 785 | Activities during the year The principal activities of the committee during the year included: • Reviewing the committee's terms of reference; • Reviewing the levels of base salary for executive directors and other senior staff; • Determining the maximum value of the overall annual bonus pool, taking account of the Group’s financial and operational performance; • Reviewing the policy for long-term remuneration, including considering whether long-term incentive awards should be re-introduced or whether the deferral period for annual bonus should be extended for members of the GMB and senior members of the fund management teams; • Considering the shareholding requirements for executive directors; • Assessing whether individual annual bonuses should be subject to a cap; • Formalising a policy on clawback of bonus awards in appropriate circumstances; • Assessing the level of performance against objectives for executive directors and senior employees and reviewing and recommending bonus awards accordingly; • Assessing the extent to which the performance conditions for vesting of LTIP awards were met and determining the appropriate vesting proportion; and | 171 | annual_report |
1232 | 871 | Participating Individual Life Insurance. As part of the reorganization, we established and operate a closed block for our participating individual life insurance business. The closed block supports the continuation of policyholder dividend scales in effect for 1999, assuming continuation of the experience underlying those dividend scales. The assets included in the closed block do not include any corporate purpose assets. Moreover, our Plan of Reorganization contemplates that the fair value of corporate purpose assets is included in the calculation of consideration payable to our participating individual life insurance policyholders upon our demutualization. As a result, our participating individual life policyholders are not expected to be impacted unfavorably by the transfer of the corporate purpose assets. | 115 | 10K |
1716 | 345 | In addition to pension benefits, the Company has a plan which provides for postretirement health care and life insurance benefits for certain employees. These benefits include major medical insurance with deductible and coinsurance provisions. The Company accrues benefits on a current basis and the plan is not funded. | 48 | 10K |
5914 | 566 | Bond & Specialty Insurance’s gross and net written premiums were as follows: | 12 | 10K |
4048 | 820 | The National Association of Insurance Commissioners has adopted rules which set minimum risk-based capital requirements for insurance companies, managed care organizations and other entities bearing risk for healthcare coverage. As of December 31, 2009, each of our health plans were in compliance with the risk-based capital requirements enacted in those states. | 51 | 10K |
1932 | 803 | Operating expenses were $508.6 million in 2002, a 16% increase from 2001 operating expenses of $439.3 million. Operating expenses were $472.0 million in 2000. The increase in 2002 reflects a growing customer base, increased employee benefit costs and increased spending on projects focused on improving producer and customer support. The 7% decrease in 2001 compared to 2000 reflects the Company’s commitment to aggressive expense management in response to declining revenues and lower sales as a result of declining and volatile equity markets and a slowing economy throughout the year. | 89 | 10K |
5489 | 991 | The table that follows details our estimated net impact from single event losses as of January 1, 2018 for selected zones at specified return periods. It is important to note that each catastrophe model we use contains its own assumptions as to the frequency and severity of loss events, and results may vary significantly from model to model. | 58 | 10K |
NatwestGroupPLC-AR_2011 | 2,621 | Turkey - exposures were managed down in most categories, with the non-strategic (mid-market) portfolio significantly reduced in 2011. Nonetheless, Turkey continues to be one of the Group’s key emerging markets. The strategy remains client-centric, with the product offering tailored to selected client segments across large Turkish international corporate clients and financial institutions as well as Turkish subsidiaries of global clients. | 60 | annual_report |
SwissReAG-AR_2018 | 2,577 | 3 Disclosure reflects all awards for a reporting year, ie the 2017 value reflects the fair value of LPP awards granted in April 2017 and the 2018 value reflects the fair value of LPP awards granted in April 2018. | 39 | annual_report |
NatwestGroupPLC-AR_2016 | 1,959 | Reason: Economic Profit, being a risk-adjusted financial measure, is consistent with regulatory requirements and provides a balance between measuring growth and the cost of capital employed in delivering that growth. | 30 | annual_report |
5644 | 2,091 | accounts which were funded by a third party investor. The segregated accounts have not been consolidated as part of the Company’s consolidated financial statements. | 24 | 10K |
NatwestGroupPLC-AR_2016 | 2,672 | Net interest income of £8,708 million reduced by £59 million compared with 2015 principally driven by a £126 million reduction in Capital Resolution, in line with the planned shrinkage of the balance sheet. | 33 | annual_report |
NatixisSA-AR_2018 | 6,271 | The provisions booked on the liability side of Natixis’ financial statements as at December 31, 2018 and as at December 31, 2017, are presented in Note 8.17 “Summary of provisions”, and the possible allocations are set out in Note 7.6 “Other income and expenses”, Note 7.7 “Operating expenses” and Note 7.8 “Provision for credit losses”. | 55 | annual_report |
RSAInsuranceGroupPLC-AR_2015 | 1,822 | Significant transactions and events 7 Discontinued operations and disposals 124 8 Reorganisation costs 127 | 14 | annual_report |
5091 | 2,015 | Net premiums earned. Net premiums earned decreased by $15.6 million, or 1.4%, in 2015 compared to 2014 largely due to changes in the business mix and increased ceded costs. Net premiums earned decreased by $15.2 million, or 1.4%, in 2014 compared to 2013 due to the growth in gross written premiums and the reduction in ceded costs. | 57 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2015 | 1,853 | In order to meet the highest information governance requirements for public companies and fulfilling information needs of different groups of stakeholders, the Management | 23 | annual_report |
NatixisSA-AR_2003 | 2,589 | Banque Fédérale des Banques Populaires granted the Company a financial subsidy in the amount of EUR30 million. | 17 | annual_report |
4137 | 1,716 | The U.S. specialty and the Max at Lloyd’s segments each have their own portfolio of fixed maturities investments; as a result the investment income earned by each of these portfolios is reported in its respective segment. The management of these portfolios, however, is handled on a consolidated basis together with the invested assets of the Bermuda/Dublin insurance, Bermuda/Dublin reinsurance and life and annuity segments. | 64 | 10K |
NatixisSA-AR_2012 | 1,916 | Following Natixis’ conversion into a French société anonyme with a Board of Directors, a Management Board was set up in early May 2009 in order to examine and validate the Company’s main decisions and steer its management. In 2010, the Board met on a weekly basis without exception, apart from during part of the summer holidays and the end-of-year holiday season. It held forty-two meetings in 2012. These were chaired by the Chief Executive Offi cer. | 76 | annual_report |
GjensidigeForsikringASA-AR_2010 | 836 | Marchand was elected member of gjensidige’s Board of directors in 2010. Ms. Marchand is president and Ceo of eksportfinans asa, and has previously held various positions, e.g. as Ceo of statens pensjonskasse . she is currently a board member of oslo Børs Vps Holding asa, oslo Børs as, norske skogindustrier asa, the norwegian refugee Council, Fornebu utvikling asa and gieK Kredittforsikring as and chairperson of the audit committee for scandinavian property development asa. Ms. Marchand has previously been the chairperson of Kommunekreditt as and a board member of innovasjon norge and edB Business partner asa. Ms. Marchand holds a Master of science in Business and economics from Copenhagen Business school (Handelshøy skolen i København). Marchand has been present at 7 board meetings. | 122 | annual_report |
4652 | 1,447 | Withdrawals and benefits include $(902) million, $(78) million and $(752) million for 2012, 2011 and 2010, respectively, representing transfers of client balances from accounts we manage to externally-managed accounts. These withdrawals are offset within Other. | 35 | 10K |
4814 | 725 | The insurance subsidiaries must each maintain a minimum statutory capital and surplus of $1.5 million and $2.4 million under the provisions of the Illinois Insurance Code and the Missouri Insurance Code, respectively. Dividends may only be paid from statutory unassigned surplus, and payments may not be made if such surplus is less than a stipulated amount. The dividend restriction is the greater of statutory net income or 10% of total statutory capital and surplus. As of December 31, 2013, all dividends required prior regulatory approval prior to distribution. | 88 | 10K |
3574 | 949 | (5)60+ day delinquencies are defined as loans that are greater than 60 days delinquent and also includes all loans that are in foreclosure, bankruptcy or REO divided by net par outstanding. | 31 | 10K |
gb_prudential-AR_2015 | 1,439 | — Pierre-Olivier Bouée stepped down as Executive Director (May 2015) and as Group Chief Risk Officer (June 2015). | 18 | annual_report |
GjensidigeForsikringASA-AR_2010 | 1,492 | Nok million office held 31.12.2010 31.12.2010 31.12.2009 31.12.2009 storebrand asa oslo 24.3 % 4,604.4 3,287.8 4,604.4 2,903.5 spareBank1 sr-Bank stavanger 10.3 % 866.4 958.9 866.4 877.4 Bilskadeinstituttet as oslo 29.5 % 0.3 1.4 0.3 1.4 Forsikring og Finans sandnes as (sold during 2010) n/a n/a 0.1 Forsikringskontoret johansen og torkelsen as (sold during 2010) n/a n/a 0.1 0.2 Fossmark assuranse as (sold during 2010) n/a n/a Vervet as included subordinated loan 1 tromsø 25.0 % 30.3 0.8 30.3 0.3 Botrygt prinsegården as Fetsund 50.0 % 0.3 0.4 0.3 0.4 FdC a/s Ballerup, danmark 33.3 % 13.1 26.4 total shares in associates 5,514.8 4,275.5 5,501.8 3,783.3 additioNal iNforMatioN profit/(loss) share of Nok million assets equity liabilities revenues profit/(loss) recognised 2 stock value for the whole company 2010 storebrand asa 390,414.0 18,417.0 371,997.0 48,241.0 1,480.0 342.2 4,777.9 spareBank1 sr-Bank 134,778.0 9,402.0 125,376.0 3,414.0 1,317.0 142.1 1,180.6 Bilskadeinstituttet as 5.3 4.8 0.5 1.6 0.2 n/a Forsikring og Finans sandnes as (sold during 2010) n/a n/a n/a n/a n/a (0.2) n/a Forsikringskontoret johansen og torkelsen as (sold during 2010) n/a n/a n/a n/a n/a (0.3) n/a Fossmark assuranse as (sold during 2010) n/a n/a n/a n/a n/a (0.1) n/a Vervet as 109.2 13.1 96.1 0.5 (0.4) n/a Botrygt prinsegården as 0.8 0.8 n/a FdC a/s 111.2 53.8 57.4 334.0 12.8 5.0 n/a total shares in associates 525,418.5 27,891.5 497,527.0 51,991.2 2,809.5 488.7 additioNal iNforMatioN profit/(loss) share of Nok million assets equity liabilities revenues profit/(loss) recognised 2 stock value for the whole company 2009 storebrand asa 366,159.0 17,217.0 348,942.0 48,236.0 934.0 252.1 4,330.2 sparebank1 sr-Bank 124,909.0 8,073.0 116,836.0 2,674.0 1,111.0 11.0 1,035.7 Bilskadeinstituttet as 5.3 4.8 0.5 1.6 0.2 n/a Forsikring og Finans sandnes as 0.7 0.4 0.3 2.1 0.1 n/a Forsikringskontoret johansen og torkelsen as 4.0 0.6 3.4 6.7 n/a Fossmark assuranse as 0.7 0.1 0.6 2.0 (0.6) n/a Vervet as 107.6 11.7 95.9 0.8 0.1 n/a Botrygt prinsegården as 0.8 0.8 0.2 n/a total shares in associates 491,187.1 25,308.4 465,878.7 50,923.2 2,044.8 263.3 the investment in spareBank1 sr-Bank is classified as investments in an associate and is carried at cost. gjensidige Forsikring asa owns 16.3 per cent of the primary certificate capital and 10.3 per cent of the equity in the bank, and has not, based solely on the interest held alone, significant influence. However, the company is represented in both the Board of directors of sparebank1 sr-Bank and the nomination committee. this gives gjensidige 2 share of profit/(loss) is adjusted for gjensidige’s net excess values and accounting policies. | 416 | annual_report |
NatwestGroupPLC-AR_2009 | 4,606 | Financial summary The Group’s financial statements are prepared in accordance with IFRS. Selected data under IFRS for each of the five years ended 31 December 2009 are presented on pages 350 to 359. | 33 | annual_report |
NatixisSA-AR_2014 | 4,462 | 3.3.3 Impact of the loss of control of entities during the period | 12 | annual_report |
AegonNV-AR_2012 | 5,510 | Aegon N.V. and Vereniging Aegon have entered into a preferred shares voting rights agreement, pursuant to which Vereniging Aegon has voluntarily waived its right to cast 25/12 vote per class A or class B preferred share. Instead, Vereniging Aegon has agreed to exercise one vote only per preferred share, except in the event of a “special cause”, such as the acquisition of a 15% interest in | 66 | annual_report |
2769 | 1,038 | The following table summarizes our consolidated results of operations for 2005 and 2004 (in thousands): | 15 | 10K |
2876 | 843 | When considering our liquidity, it is important to note that we hold cash in a fiduciary capacity as a result of premiums received from clients that have not yet been paid to insurance carriers. The fiduciary cash is recorded as an asset on our balance sheet with a corresponding liability, net of commissions, to insurance carriers. We earn interest on these funds during the time between receipt of the cash and payment to insurance carriers. In some states, fiduciary cash must be kept in separate bank accounts subject to specific guidelines, which generally emphasize capital preservation and liquidity, and is not available to service debt or for other corporate purposes. Insurance brokerage transactions typically generate large cash flows, and the timing of such cash flows can significantly affect the net cash balances held at month end. Additionally, the seasonality of some of our businesses, particularly in the Specialized Benefits Services segment, can create period-to-period fluctuations in our cash flows. | 159 | 10K |
StorebrandASA-AR_2012 | 668 | Control Committee Storebrand is legally required to have a Control Committee. Storebrand aSa, Storebrand Livsforsikring aS, Storebrand Forsikring aS, Storebrand bank aSa and Storebrand boligkreditt aS share a committee, which consists of five members and an alternate member, all of which are elected by the aGM. the alternate member attends all the Control Committee meetings. the composition of the committee is identical for Storebrand aSa and all of the aforementioned subsidiaries or group companies. the committee is independent of the respective boards and management of the companies. the term of office is two years. the Control Committee is responsible for ensuring that the Group conducts its activities in a prudent and proper manner. the Storebrand Group believes a good working partnership with the Control Committee is important. the Committee ensures that the Group complies with all relevant legislation and regulations, and that it operates in accordance with the articles of association and resolutions adopted by the Group’s decision-making bodies. the committee is entitled to look into any matter and has access to all relevant documentation and information. the committee has the power to demand information from any employee and any member of the governing bodies. the committee held ten meetings in 2012 and reports semi-annually on the committee’s work to the board of representatives, most recently in September 2012. | 219 | annual_report |
2446 | 809 | The table below provides information about the Company’s financial instruments that are sensitive to changes in interest rates and shows the effect of hypothetical changes in interest rates as of December 31, 2004. The selected hypothetical changes do not indicate what could be the potential best or worst case scenarios (dollars in thousands). Loan balances outstanding under the Company’s borrowing agreement with the Federal Home Loan Bank of Pittsburgh are not included in the table below. Interest rates on the amounts outstanding under this agreement are reset frequently, which limits the impact of changing interest rates. The Company does not have any derivative financial instruments. The information is presented in U.S. dollar equivalents, which is the Company’s reporting currency. | 119 | 10K |
2079 | 396 | Infinity's insurance subsidiaries generate liquidity primarily by collecting and investing premiums in advance of paying claims. Infinity had positive cash flow from operations of approximately $45 million in 2002, $33 million in 2001 and $25 million in 2000. | 38 | 10K |
AvivaPLC-AR_2016 | 1,873 | ` Reviewed and approved the key individual objectives for 2016 for each member of the GE. | 16 | annual_report |
3775 | 671 | Ceded amortization of deferred policy acquisitions costs increased for the year ended December 31, 2007 compared to the year ended December 31, 2006. For the year ended December 31, | 29 | 10K |
DirectLineInsuranceGroupPLC-AR_2016 | 3,262 | For internet sales, go to www.investorcentre.co.uk/directline. You will need your Shareholder Reference Number, as shown on your share certificate, or your welcome letter from the Chairman. | 27 | annual_report |
5949 | 755 | The Company's significant contractual obligations as of December 31, 2020, were as follows (dollars in millions): | 16 | 10K |
5172 | 12,985 | Detailed information concerning White Mountains’s cash flows during 2015, 2014 and 2013 follows: | 13 | 10K |
ch_zurich_insurance_group-AR_2011 | 1,037 | The Group has local product development committees and a Group-level product approval committee, under the leadership of the Global Life Chief Risk Officer, for potential new life products that could significantly increase or change the nature of its risks. Such reviews allow Zurich to manage new risks inherent in its new business propositions. The Group regularly reviews the continued suitability and the potential risks of existing products. | 67 | annual_report |
NatwestGroupPLC-AR_2019 | 4,318 | Net assets/(liabilities) sold 351 — 177 Non-cash consideration — — (15) Profit on disposal — — 155 Net cash and cash equivalents disposed — — — Net inflow/(outflow) of cash in respect of disposals 351 — 317 | 37 | annual_report |
968 | 178 | - ---------------------------- (1) Net income reflects the charge resulting from expensing the transition obligation upon the implementation of SFAS No. 112, "Employers' Accounting for Postemployment Benefits". Such amounts were $4.5 million and $0.2 million, after tax, for Management services to property and casualty insurance companies; and other and the Insurance Subsidiaries, respectively, for the year ended December 31, 1994. (2) Includes cash and cash equivalents, marketable securities and notes receivable-affiliate. (3) The ratio of earnings to fixed charges has been determined by dividing the sum of net income before income taxes plus fixed charges by fixed charges. Fixed charges consist of interest, capitalized interest, dividends paid to QUIPS holders, amortization of QUIPS offering expenses and that portion of rent expenses deemed to be interest. | 124 | 10K |
ch_zurich_insurance_group-AR_2016 | 2,551 | Table 5.2 shows the result for the nine months since the acquisition date as included in the Group consolidated income statement for the year ended December 31, 2016. Furthermore, the table shows information relating to the full twelve months period to December 31, 2016. This information is based on the local statutory accounts which includes a reinsurance contract with the Group which was eliminated in the consolidated figures. | 68 | annual_report |
1657 | 3,615 | eliminated in the accompanying consolidated balance sheet as of December 31, | 11 | 10K |
AdmiralGroupPLC-AR_2010 | 575 | Disclosure of information to auditors The Directors who held offi ce at the date of approval of this Directors’ report confi rm that, so far as they are each aware, there is no relevant audit information of which the Company’s auditor is unaware; and each Director has taken all the steps that he ought to have taken as a Director to make himself aware of any relevant audit information and to establish that the Company’s auditor is aware of that information. | 81 | annual_report |
2551 | 853 | Additionally, at December 31, 2004, 70.8% of our fixed maturity securities were invested in corporations backed by the implied full faith and credit of the U.S. government, U.S. Treasury securities and obligations of U.S. government corporations and agencies, including U.S. government guaranteed mortgage-backed securities. All of these securities are backed by or bear the implied full faith and credit of the U.S. government. We evaluate the carrying value of our fixed maturity and equity securities at least quarterly. A decline in the fair value of any fixed maturity or equity security below cost that is deemed other than temporary is charged to earnings resulting in the establishment of a new cost basis for the security. The new cost basis is not changed for subsequent recoveries in the fair value of the fixed maturity or equity security. With the exception of SPLIC, virtually all subsidiaries’ investments are in corporate bonds that carry the implied full faith and credit of the U.S. government, Treasuries or agencies of the U.S. government. SPLIC has significant investments in corporate and municipality bonds. Based upon our emphasis on investing in fixed maturity securities primarily composed of obligations of U.S. government sponsored corporation, U.S. Treasury securities and obligations of the U.S. government and agencies, including U.S. government guaranteed mortgage-backed securities and callable instruments issued by U.S. government agencies and our analysis whether declines in fair value below cost are temporary or other than temporary, management believes that our investments in fixed maturity and equity securities at December 31, 2004 are not impaired, and no “other than temporary losses” need to be recorded. | 265 | 10K |
fr_axa-AR_2013 | 843 | Group net capital gains and losses attributable to shareholders increased by €136 million mainly due to: ■ €-12 million lower realized capital gains to €801 million mainly driven by lower realized gains on fi xed income assets | 37 | annual_report |
SwissLifeHoldingAG-AR_2019 | 3,317 | Swiss Life Deutschland Operations GmbH, Hannover DE 100.0% 100.0% Services EUR 25 000 | 13 | annual_report |
4330 | 1,724 | Identification and evaluation of securities that have possible indications of other-than-temporary impairment, which includes an analysis of all investments with gross unrealized investments losses that represent 20% or more of cost. | 31 | 10K |
5634 | 4,338 | • Gross claim frequency (1) is calculated as annualized notice counts received in the period divided by the average of PIF with the applicable coverage during the period. Gross claim frequency includes all actual notice counts, regardless of their current status (open or closed) or their ultimate disposition (closed with a payment or closed without payment). | 56 | 10K |
5176 | 1,314 | · In September 2010, the Company’s Board approved a repurchase program (2010 $30.0 million stock repurchase program). This program was discontinued on March 23, 2013. | 25 | 10K |
5162 | 557 | Operating revenue, which excludes net realized investment gains and losses, increased 2.5 percent in 2015 relative to the prior year, driven by combined premium income growth of approximately 5 percent in our principal operating business segments. Net investment income, while a significant source of revenue for us, was slightly below the level of the prior year. Before-tax operating income, which excludes net realized investment gains and losses and non-operating retirement-related gains or losses, as well as the 2014 long-term care reserve increase and the 2014 costs related to the early retirement of debt, declined 1.0 percent compared to 2014, primarily as the result of a higher operating loss in our Corporate segment and the impact on reported financial results of our U.K. subsidiaries from a lower foreign currency exchange rate in 2015. | 132 | 10K |
3217 | 1,225 | The following table presents the dollar and percentage distributions of investments as of December 31, 2006 and December 31, 2005: | 20 | 10K |
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