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NatixisSA-AR_2020 | 2,846 | approving the major principles in terms of structural balance sheetV risks (structure, delegation of authority, fund transfer pricing, etc.) in compliance with the standard ALM framework set up by BPCE; the pre-validation of the ALM agreements and assumptionsV underlying the calculations of structural risk management and monitoring indicators prior to examination by the Group Strategic ALM Committee of the central body; validating internal limits with respect to ALM indicators, the overallV Group limits being defined by BPCE; validating the overall funding policy in conjunction with the BPCEV ALM Committee; supervising structural balance-sheet risks, including managingV excessive leverage risk since 2015; supervising the main balance sheet aggregates and theirV development. | 109 | annual_report |
NatwestGroupPLC-AR_2009 | 1,385 | Business review 2009 compared with 2008 The recessionary economic environment, historically low interest rates and deteriorating credit conditions resulted in an operating loss of $174 million. However, the business has now successfully refocused on its core customer franchises in New England, the Mid-Atlantic region and the Midwest. | 47 | annual_report |
2649 | 426 | amortization in conjunction with the adoption of SOP 03-1 and third quarter DAC adjustments, partially offset by higher other insurance and operating expenses. | 23 | 10K |
ASRNederlandNV-AR_2011 | 734 | If objective evidence of impairment exists, investment property is tested for impairment and, if necessary, written down. | 17 | annual_report |
3541 | 833 | The Company adopted Statement of Financial Accounting Standards No. 155 (SFAS 155), “Accounting for Certain Hybrid Financial Instruments, an amendment of FASB Statements No. 133 and 140”, on January 1, 2007. Prior to January 1, 2007, the Company accounted for its convertible bond securities in accordance with SFAS 133, “Accounting for Derivative Instruments and Hedging Activities,” and bifurcated the equity call option, or embedded derivative, from the convertible bond security, or host contract. Under SFAS 133, the change in the fair value of the equity call option was reported as a realized gain or loss in the Company’s consolidated statement of operations and comprehensive income (loss) and the change in the fair value of the convertible bond security was reported as an unrealized gain or loss in accumulated other comprehensive income, net of tax. Upon adoption of SFAS 155, the equity call option is no longer bifurcated from the convertible bond security and the change in the fair value of the Company’s convertible bond securities, which meet the definition of a hybrid financial instrument under SFAS 155, is reported as a realized gain or loss in the consolidated statement of operations and comprehensive income (loss). The adoption of SFAS 155, which did not change the carrying value of Company’s convertible bond securities, was reported as a cumulative effect adjustment to beginning shareholders’ equity and resulted in a reclassification between retained earnings and accumulated other comprehensive income of $405. | 238 | 10K |
3971 | 349 | Our fully-insured membership increased approximately 11,100 in 2008. Our fully-insured dental HMO membership decreased approximately 2,600 members, or 1.9%, from 133,800 at December 31, 2007 to 131,200 at December 31, 2008. This membership decrease is attributable to the reduction of approximately 9,000 fully-insured dental HMO members due to the conversion of the membership of one employer group from our fully-insured dental HMO product to our self-insured dental HMO product effective January 1, 2008, offset by new fully-insured dental HMO sales in the Cincinnati and Northern Kentucky market of approximately 8,500 members. In addition, fully-insured dental HMO membership decreased by an additional 2,100 members due to a limited number of employer groups that did not renew their contracts with Dental Care Plus in the last 12 months. Our fully-insured indemnity membership increased by approximately 500 members, or 12.5%, from approximately 4,000 members at December 31, 2007 to approximately 4,500 members at December 31, 2008. In addition, our fully-insured dental PPO membership increased by approximately 13,200 members, from approximately 6,100 members at December 31, 2007 to approximately 19,300 members at December 31, 2008. | 181 | 10K |
2529 | 5,092 | Adjustment of proceeds from sales or maturities of fixed maturities of $458,000, with offset to other, for accretion and amortization of bond discount and premium, respectively, previously included. | 28 | 10K |
StandardLifeAberdeenPLC-AR_2011 | 24 | • Now over 1,000 adviser firms on Wrap with platform assets reaching £11.4bn | 13 | annual_report |
2415 | 869 | • Deferred Policy Acquisition Costs and Present Value of Future Profits The costs of acquiring new business, principally commissions, underwriting, distribution and policy issue expenses, all of which vary with and are primarily related to production of new business, are deferred. In connection with our 1997 acquisition of the Confederation Life business, we recognized an asset for the present value of future profits representing the present value of estimated net cash flows embedded in the existing contracts acquired. This asset is included in deferred acquisition costs. | 86 | 10K |
gb_prudential-AR_2014 | 2,286 | iii Structured entities Structured entities are those which have been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity such as when any voting rights relate to administrative tasks only and the relevant activities are directed by means of contractual arrangements. In addition to the entities discussed above in A3.1b(i), the Group, as part of its business strategy, invests in structured entities such as Open-Ended Investment Companies (OEICs), Unit Trusts (UTs), variable interest entities, investment vehicles within separate accounts offered through variable annuities, collateral debt obligations, mortgage-backed securities, and similar asset-backed securities. | 101 | annual_report |
545 | 475 | Major categories of net investment income for the years ended December 31, consisted of the following: | 16 | 10K |
5493 | 5,164 | Effective April 28, 2017 in connection with the Separation, MetLife, Inc. contributed all of the issued and outstanding shares of Brighthouse NY to Brighthouse Holdings, LLC. As a result of the Separation, Brighthouse NY ceased to be a subsidiary of MetLife, Inc. At December 31, 2016, Brighthouse NY statutory capital and surplus was $196 million. | 55 | 10K |
4440 | 2,837 | (b) Preferred shares and Non-controlling Interest in Equity of Consolidated Subsidiaries | 11 | 10K |
RaiffeisenBankInternationalAG-AR_2008 | 766 | To advance development of risk management, the credit quality management team established a functional development planning process that subjects overall risk management to multiple-year planning. The functional development plan comprises all aspects of risk organization, such as risk functionalities, risk team strengths, risk processes, risk initiatives, and IT projects and constitutes in a structured form the medium-term plans of the chief risk offi cer worked out at the national level. | 70 | annual_report |
gb_prudential-AR_2007 | 2,973 | Hedging The Group has formally assessed and documented the effectiveness of the following hedges under IAS 39: Fair value hedges The Group uses interest rate derivatives to hedge the interest exposures on its US$1 billion, 6.5 per cent perpetual subordinated capital securities and US$300 million, 6.5 per cent perpetual subordinated capital securities. Where the hedge relationship is de-designated and re-designated, the fair value adjustment to the hedged item up to the point of de-designation continues to be reported as part of the basis of the hedged item and is amortised to the income statement based on a recalculated effective interest rate over the residual period to the first break clause date of the perpetual subordinated capital securities. | 117 | annual_report |
HelvetiaHoldingAG-AR_2012 | 2,198 | European Investment Bank AAA 535.9 535.9 – – – – – – – – | 14 | annual_report |
4251 | 982 | American National and certain subsidiaries are also defendants in various other lawsuits concerning alleged failure to honor certain loan commitments, alleged breach of certain agency and real estate contracts, various employment matters, allegedly deceptive insurance sales and marketing practices, and other litigation arising in the ordinary course of operations. Certain of these lawsuits include claims for compensatory and punitive damages. After reviewing these matters with legal counsel, management is of the opinion that the ultimate resultant liability, if any, would not have a material adverse effect on American National’s consolidated financial position or results of operations. However, these lawsuits are in various stages of development, and future facts and circumstances could result in management’s changing its conclusions. | 117 | 10K |
5571 | 2,639 | Corporate Initiatives and Projects. Expenses associated with corporate initiatives and projects increased by $50 million, primarily due to higher costs associated with enterprise-wide initiatives, primarily related to lease impairments and costs related to our unit cost initiative. | 37 | 10K |
AvivaPLC-AR_2007 | 525 | 1 Personal motor 26 3 Personal other 15 4 Commercial motor 12 5 Commercial property 15 6 Commercial other 10 | 20 | annual_report |
gb_lloyds_banking_grp-AR_2011 | 224 | As a Board and throughout the organisation we continue to focus on our commitment to meeting the targets set by the Review on Gender Diversity on Boards by Lord Davies, and are working proactively to promote diversity in ethnicity, gender and skills. | 42 | annual_report |
NatwestGroupPLC-AR_2005 | 1,443 | The non-executive directors combine broad business and commercial experience with independent and objective judgement. The balance between non-executive and executive directors enables the Board to provide clear and effective leadership and maintain the highest standards of integrity across the company’s business activities. The names and biographies of all Board members are set out on page 109. | 56 | annual_report |
494 | 245 | Reclassifications have been made to the product line amounts shown above for 1994 and 1995 to conform with the 1996 presentation. The life products sold by AMS are now included in the AMS products category; previously, they were included with specialty products and services. This reclassification was made in conjunction with the AMS merger (AMS Merger), as discussed further below. | 60 | 10K |
4141 | 1,192 | At December 31, 2009 and 2008, the investment portfolio had gross unrealized losses of $78.4 million and $256.6 million, respectively. For those securities in an unrealized loss position, the length of time the securities were in such a position, as measured by their month-end fair values, is as follows: | 49 | 10K |
5089 | 992 | Total revenues of $3,802 million increased by $147 million, or 4.0 percent, in 2014 compared to 2013. This was primarily due to 3.7 percent growth in commissions and fees. | 29 | 10K |
NatwestGroupPLC-AR_2014 | 8,313 | Asian multinationals with substantial trade and investment links in the region. Products include debt financing, risk management and trade services, focusing on core product capabilities that are of most relevance to clients. | 32 | annual_report |
5089 | 1,697 | At December 31, 2015, the Company’s liability under the Operational Improvement Program is as follows: | 15 | 10K |
TrygAS-AR_2020 | 2,228 | Impact from COVID-19 technical result, Gross Impact from COVID-19 on technical result, Gross is defined as the impact from COVID-19 on claims, gross added by costs in relation to COVID-19 due to IT (employees working from home) and extra cleaning of premises etc. | 43 | annual_report |
HelvetiaHoldingAG-AR_2015 | 136 | Profitability Sustainably enhance profitability Looking back on the results for the past five years, proof of the successful implementation of the “Helvetia 2015+” strategy can be seen with regard to profitability. Underlying earnings improved by around 30 % from 2010. In addition to good technical results, these earnings were boosted in particular by the acquisitions of Nationale Suisse and Basler Austria in 2014. The satisfying improvement in profitability was also driven by the productive non-life business. The Group’s average net combined ratio was 94 %, and in 2015 the net combined ratio was even better at 92.1 %. The positive development of the life business, even in times of strong financial market volatility and persistently low interest rates, shows our good risk results. We also kept the interest margins relatively stable with good asset liability management. The increase in the Helvetia Group’s earning power is underscored by the increase in the dividend from CHF 14.50 in 2010 to as much as CHF 19.002 per share in 2015. | 167 | annual_report |
3673 | 804 | We lend fixed maturity and equity securities to financial institutions in short-term security lending transactions. Our security lending policy requires that the cash received as collateral be 102% or more of the fair value of the loaned securities. At December 31, 2008, we had security loans outstanding with fair values totaling of $103.6 million. Securities loaned under such transactions may be sold or repledged by the transferee. We were liable for cash collateral under our control of $107.6 million at December 31, 2008, which has been included in cash and in accounts payable and accrued liabilities. | 96 | 10K |
NatwestGroupPLC-AR_2009 | 3,459 | The IFRIC issued interpretation IFRIC 19 ‘Extinguishing Financial Liabilities with Equity Instruments’ in December 2009. The interpretation clarifies that the profit or loss on extinguishing liabilities by issuing equity instruments should be measured by reference to fair value, preferably of the equity instruments. The interpretation, effective for the Group for annual periods beginning on or after 1 January 2011, is not expected to have a material effect on the Group or the company. | 73 | annual_report |
5751 | 1,025 | Amortization expense for other intangible assets was approximately $70 million in 2019, $90 million in 2018, and $75 million in 2017. Amortization expense for 2018 included $12 million associated with the write-off of a trade name value reflecting the re-branding of certain provider assets. | 44 | 10K |
5822 | 1,273 | As of December 31, 2020, there were 4,936,501 shares of common stock available for future grants. | 16 | 10K |
TopdanmarkAS-AR_2020 | 208 | • The automatic premium indexing in the private segment will be 2.3% in 2021. Approx. 70% of Topdanmark’s premiums earned are comprised by automatic premium indexing. Thus, the premium effect of the automatic premium indexing on non-life insurance is approx. 1.6%. | 41 | annual_report |
5717 | 1,572 | There were no Level 3 assets held during the years ended December 31, 2019 and 2018. | 16 | 10K |
AvivaPLC-AR_2018 | 1,047 | • Provided oversight of talent development throughout the Group and ensured there is a sufficient and diverse pipeline of talent available to execute the Company’s current and future strategy www.aviva.com/corporate-governance www.aviva.com/corporate-governance | 31 | annual_report |
DirectLineInsuranceGroupPLC-AR_2019 | 2,470 | 1.5 Insurance claims Insurance claims are recognised in the accounting period in which the loss occurs. Provision is made for the full cost of settling outstanding claims at the balance sheet date, including claims incurred but not yet reported at that date, net of salvage and subrogation recoveries. | 48 | annual_report |
4014 | 983 | Although U.S. economic statistics show some indication that the recession may be over and that housing prices are stabilizing, the financial guaranty market continues to face significant economic uncertainty with respect to credit performance. Unemployment remains high and may take years to return to pre-recession levels, which may adversely affect loss experience on RMBS as well as Assured Guaranty's willingness to consider underwriting new RMBS transactions. In addition, the sustained economic recession has also affected the credit performance of other markets, including corporate credits included in many of the pooled corporate obligations insured by the Company and, more specifically, of trust preferred securities that include subordinated capital and notes issued by banks, mortgage real estate investment trusts and insurance companies. Municipal credits have also experienced increased budgetary stress, as sales and real estate tax-related revenues have declined. The Company continues to monitor all of its insured exposures for credit deterioration and its expected losses are expected to change depending on observed performance, revised assumptions used in setting the reserves, economic conditions and other factors. Additionally, actions by state and federal regulatory agencies could result in changes that limit the Company's business opportunities. | 192 | 10K |
AvivaPLC-AR_2014 | 1,276 | The Company is also holding a General Meeting on 26 March 2015 to request shareholder approval for the proposed acquisition of Friends Life. Further details are available on the Company’s website at www.aviva.com/friendsoffer and the results of the vote will be published after the meeting. | 45 | annual_report |
Sampoplc-AR_2002 | 117 | In the spring of 2002, Mandatum Private Bank created a new Family Office for the purpose of managing the wealth of extended families and especially the assets of family-owned investment trusts and foundations. In addition to asset management, the Family Office also assists its customers in managing and monitoring other kinds of property. | 53 | annual_report |
3731 | 1,234 | The Company’s 2008 and 2007 ceded reinsurance program includes quota share reinsurance agreements with authorized reinsurers that were entered into and are accounted for on a “funds withheld” basis. Under the funds withheld basis, the Company records the ceded premiums payable to the reinsurer, less ceded paid losses and loss | 50 | 10K |
fr_axa-AR_2011 | 11,706 | ■ Proportion of absences due to maternity 23.6 % 25.2 % | 11 | annual_report |
3843 | 1,446 | Investment-Related Derivatives. We began to invest in certain derivative instruments in 2006 to replicate investment positions and to manage market exposures and duration risk. At December 31, 2008 and 2007, the notional value of the net long position for equity futures was nil and $91.2 million, respectively. At December 31, 2008, the notional value of the net long position for Treasury note futures was $556.3 million, compared to $61.7 million at December 31, 2007. At December 31, 2008, the notional value of the net long position for U.K. and German government futures was approximately $363.3 million (at December 31, 2008 foreign currency rates). A 10% depreciation of the underlying exposure to these derivative instruments at December 31, 2008 and 2007 would have resulted in a reduction in net income of approximately $92.0 million and $15.3 million, respectively, and would have decreased book value per common share by $1.52 and $0.23, respectively. | 151 | 10K |
4097 | 1,302 | On August 20, 2009, we entered into distribution agreements with Fox-Pitt Kelton Cochran Caronia Waller (USA) LLC ("FPK") and Sandler O'Neill & Partners, L.P. On December 3, 2009, Macquarie Capital (USA) Inc. assumed all of FPK's rights and obligations under our distribution agreement with FPK. Under the distribution agreements, we can offer and sell shares of our common stock up to an aggregate offering price of $50.0 million. From August 20, 2009 through September 30, 2009, we sold 132,300 shares of our common stock at an average price of $8.26 per share, resulting in gross proceeds to us of $1.1 million. The aggregate net proceeds from such sales were $1.0 million after deducting related expenses, including $0.04 million in gross sales commissions paid to FPK. | 125 | 10K |
4326 | 430 | The six methods described above all produce an estimate of ultimate losses. Based on the results of these six methods, a single estimate (commonly referred to as a actuarial point/central estimate) of the ultimate loss is selected. Estimated IBNR reserves are determined by subtracting the reported loss from the selected ultimate loss. The estimated IBNR reserves are added to case reserves to determine the total estimated unpaid losses. | 68 | 10K |
NNGroupNV-AR_2013 | 1,051 | reserve Total Opening balance 1,331 340 1,671 Result for the year 10 10 Transfer to share of associates reserve –118 118 0 Changes in the composition of the group and other changes | 32 | annual_report |
NatwestGroupPLC-AR_2015 | 2,453 | • Launched online diary where customers can book an appointment with an advisor from the comfort of their own home. | 20 | annual_report |
3720 | 4,579 | The amortized cost and estimated fair value of investments, including amounts on loan under the securities lending agreement at December 31, 2007, in fixed maturity and equity securities are as follows: | 31 | 10K |
NatwestGroupPLC-AR_2015 | 307 | Business Banking NatWest (England & Wales) (3) -11 6 9 -7 | 11 | annual_report |
682 | 212 | Mobile America Corporation and Subsidiaries Consolidated Statements of Changes in Stockholders' Equity Years Ended December 31, 1997, 1996 and 1995 | 20 | 10K |
5958 | 3,173 | Energy $ 112 $ 6 $ 118 $ 275 $ 15 $ 290 | 13 | 10K |
HannoverRueckSE-AR_2017 | 2,866 | Credit risks may result from other financial assets that were not overdue or adjusted as at the balance sheet date. In this regard, the reader is referred in general to our comments on the credit risk contained in the risk report on page 93 et seq. | 46 | annual_report |
5660 | 646 | Selected Country: The following table presents a summary of selected country fixed maturity securities AFS, at estimated fair value. The information below is presented on a “country of risk basis” (e.g. where the issuer primarily conducts business). Sovereign includes government and agency. | 42 | 10K |
ch_zurich_insurance_group-AR_2016 | 1,436 | Remuneration of all employees Please refer to the remuneration framework section on page 81 for the key elements of remuneration and the benchmarking approach for all employees. Also note that the benchmarking analysis is mainly carried out and approved at the local level. The Group had 52,473 full-time equivalent employees as of December 31, 2016 (2015: 54,335). | 57 | annual_report |
CNPAssurancesSA-AR_2010 | 175 | We have developed specific expertise in managing both financial and insurance risks. This expertise hinges on the interlocking involvement of a wide variety of professionals, including actuaries, lawyers, fund managers, IT specialists and finance experts. Together, we help policyholders to overcome pitfalls on the road of life, as they face the challenges of maintaining their standard of living after retirement, remaining in their home if they become disabled and meeting the cost of long-term care. | 75 | annual_report |
NatwestGroupPLC-AR_2013 | 570 | The Strategic Report for the year ended 31 December 2013 set out on pages 1 to 33 was approved by the Board of directors on 26 February 2014. | 28 | annual_report |
5474 | 1,268 | The B-F Methods offer a blend of stability and responsiveness by estimating ultimate losses as a weighted combination of an expected loss estimate and current loss data. The weight applied to the expected loss estimate is based on the appropriate cumulative loss development factor from the Loss Development Methods. This percentage is multiplied by expected losses to determine expected future development. This estimate of future loss development is then added to losses as of the current evaluation date to project ultimate losses. | 82 | 10K |
2133 | 521 | During the year ending December 31, 2004, the amount of losses the Company expects to reclassify from AOCI into interest expense for its cash flow hedges is not significant. To the extent these hedges are not effective, changes in their fair value would be immediately included in earnings. | 48 | 10K |
NatixisSA-AR_2016 | 5,596 | Helvetix derivatives options, Strip of quanto Strip of long-term options, Strip of digital options digital options spread Options spread and | 20 | annual_report |
4119 | 911 | Premium tax has been reclassified out of selling, general and administrative expenses and is now reported on a separate line following selling, general and administrative expenses and before depreciation and amortization. By isolating premium tax, the impacts of changing business volumes on premium tax expense will become more apparent. | 49 | 10K |
NatixisSA-AR_2020 | 707 | Appointment Committee (Article 17.1 of the Code) “It […] must mostly consist of independent directors.” | 15 | annual_report |
836 | 385 | We have audited the accompanying consolidated balance sheets of Mid Atlantic Medical Services, Inc. and subsidiaries as of December 31, 1997 and 1996, and the related consolidated statements of operations, changes in stockholders' equity and cash flows for each of the three years in the period ended December 31, 1997. Our audits also included the financial statement schedule listed in the Index at Item 14(a). These financial statements and schedule are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements and schedule based on our audits. | 94 | 10K |
2769 | 1,064 | Equity in Net Income of Affiliates. Equity in net income of affiliates increased to $180.6 million in 2004 from $105.5 million in 2003. Equity in net income of affiliates includes the results of C-BASS, Sherman and, until September 30, 2004, Primus. | 41 | 10K |
4945 | 1,388 | The Company estimates that Pension Expense for the Pension Plan for the year ended December 31, 2015 will include expense of $23.0 million resulting from the amortization of the related accumulated actuarial loss included in AOCI at December 31, 2014. | 40 | 10K |
2405 | 1,319 | fluctuations in interest rates, inflationary pressures and other changes in the investment environment, which affect returns on invested assets and may impact the ultimate payout of losses; and | 28 | 10K |
4851 | 1,535 | 2013 to 2012 Annual Comparison. Revenues, as shown in the table above under “-Operating Results,” increased $1,253 million. Excluding the impact from our annual reviews and updates of assumptions discussed above, revenues increased $1,519 million. Policy charges and fees and asset management fees and other income increased $1,061 million primarily driven by business growth, particularly from our universal life block of business, including the impact from the Hartford Life acquisition, partially offset by the continued expected run-off of variable life insurance in force. Net investment income increased $373 million reflecting business growth, including the impact of higher asset balances from the Hartford Life acquisition, and more favorable results from non-coupon investments, partially offset by the impact of lower reinvestment rates. | 120 | 10K |
ASRNederlandNV-AR_2014 | 336 | a.s.r.’s robust financial position in terms of market value is guaranteed by the routine and integrated management of its capital position, based on Solvency I, the standard Solvency II model and ECAP alike. Treasury & Capital Management is responsible for implementing the capital management policy. This guarantees the independent position and the segregation of duties, and is in keeping with the a.s.r. governance structure. Treasury & Capital Management reports on capital management issues to the risk committee structure that was created especially for this purpose on a regular basis. | 89 | annual_report |
1548 | 359 | APCapital itself is a holding company whose only material assets are the capital stock of APAssurance and its other subsidiaries and a portion of the net proceeds from the stock offerings completed in December 2000. APCapital is using these funds to finance its long- and short-term liquidity needs, which include operating expenses, financing future acquisitions, and may include making additional contributions to its subsidiaries. APCapital's ongoing cash flow will consist primarily of dividends and other permissible payments from its subsidiaries and investment earnings on funds held. The payment of dividends to APCapital by its insurance subsidiaries is subject to limitations imposed by applicable law. APAssurance's ability to pay dividends to APCapital is influenced by a variety of factors, including cyclical changes in the medical professional liability insurance market, APAssurance's financial results, insurance regulatory changes, including changes in the limitations imposed by the Michigan Holding Company Systems Act on the payment of dividends by APAssurance and changes in general economic conditions. | 160 | 10K |
Sampoplc-AR_2002 | 216 | The Board of Directors approves the business strategy and long-term operating plans of Sampo Group, and the principles governing Sampo Group’s risk management and internal control, and is responsible for the proper management of the Group’s operations. The Board also decides, within the limits of the company’s field of activities, on exceptional and far-reaching matters with respect to the scope and quality of Sampo Group. | 65 | annual_report |
5552 | 556 | Crusader’s recoverable from reinsurers represents an estimate of the amount of future loss and loss adjustment expense payments that will be recoverable from Crusader’s reinsurers. These estimates are based upon estimates of the ultimate losses and loss adjustment expenses that Crusader expects to incur and the portion of those losses that are expected to be allocable to reinsurers based upon the terms of the reinsurance agreements. Given the uncertainty of the ultimate amounts of losses and loss adjustment expenses, the estimates may vary significantly from the eventual outcome. Crusader’s estimate of the amounts recoverable from reinsurers is regularly reviewed and updated by management as new data becomes available. Crusader’s assessment of the collectability of the recorded amounts recoverable from reinsurers is based primarily upon public financial statements and rating agency data. Any adjustments necessary are reflected in the current operations. Crusader evaluates each of its ceded reinsurance contracts at its inception to determine if there is sufficient risk transfer to allow the contract to be accounted for as reinsurance under current accounting literature. At December 31, 2018, all such ceded contracts are accounted for as risk transfer reinsurance. | 188 | 10K |
4769 | 1,086 | The NAIC prescribes an annual calculation regarding risk based capital (“RBC”). RBC ratios for regulatory purposes, as described in the glossary, are expressed as a percentage of the capital required to be above the Authorized Control Level (the “Regulatory Scale”); however, in the insurance industry, RBC ratios are widely expressed as a percentage of the Company Action Level. The following table reflects the Company Action Level, the Authorized Control Level and RBC ratios for Hanover Insurance (which includes Citizens and other U.S. insurance subsidiaries), as of December 31, 2013 and 2012, expressed both on the Industry Scale (Total Adjusted Capital divided by the Company Action Level) and Regulatory Scale (Total Adjusted Capital divided by Authorized Control Level): | 117 | 10K |
4741 | 1,590 | Platinum Holdings and its subsidiaries are subject to certain legal and regulatory restrictions in their respective jurisdictions of domicile. The legal restrictions generally include the requirement to maintain positive net assets and to be able to pay liabilities as they become due. For more details on these restrictions, see Item 1, “Business - Regulation”, in this Form 10-K. Regulatory restrictions on dividends are described below. | 65 | 10K |
AegonNV-AR_2016 | 3,119 | The following tables show the reconciliation between former and new segment reporting, first showing the impact of the segment change and second showing the new segments taking into account the voluntary change in accounting policies as described in note 2.1.2 and finally showing the change in measurement of underlying earnings before tax as described in note 5 Segment information. | 59 | annual_report |
NatixisSA-AR_2002 | 1,572 | (1) In 2001, in accordance with Opinion n° 2001-G issued by the French National Accounting Institute Urgent Issues Taskforce, policies covering employee-related liabilities taken out by group companies with group insurance companies are eliminated on consolidation in the amount of premiums paid and the value of these contracts is transferred from Mathematical provisions to Provisions for contingencies and charges – employee-related liabilities in the consolidated balance sheet. A total of EUR15 million was transferred in this way. | 77 | annual_report |
NatixisSA-AR_2019 | 7,114 | The income statement line item “Net income from insurance activities” mainly covers: premiums written and the change in unearned premium reserves;V | 21 | annual_report |
NatixisSA-AR_2020 | 5,777 | Before the application of this amendment, the amounts of the premiums remaining to be received and the premiums remaining to be paid were respectively presented in the balance sheet under deferred income and other assets and accrued income and other liabilities, separately from the headings of assets and liabilities. financial liabilities in which the derivative instruments to which they relate are presented. | 62 | annual_report |
3730 | 1,359 | In February 2007, the FASB issued SFAS No. 159 which provides reporting entities, on an ongoing basis, an option to report selected financial assets, including investment securities, and financial liabilities, including most insurance contracts, at fair value through earnings. SFAS No. 159 establishes presentation and disclosure requirements designed to facilitate comparisons between companies that choose different measurement alternatives for similar types of financial assets and liabilities. The standard also requires additional information to aid financial statement users' understanding of the impacts of a reporting entity's decision to use fair value on its earnings and requires entities to display, on the face of the statement of financial position, the fair value of those assets and liabilities for which the reporting entity has chosen to measure at fair value. SFAS No. 159 was effective as of the beginning of a reporting entity's first fiscal year beginning after November 15, 2007. The Company did not apply the fair value option to any existing financial assets or liabilities as of January 1, 2008 and did not elect to apply the option prospectively to any financial assets or liabilities acquired during 2008. Consequently, the adoption of SFAS No. 159 had no impact on the Company's results of operations or financial position. | 206 | 10K |
1645 | 221 | Demographically, the population is aging, which favors life insurance and annuity products. During June 2001, Congress passed the Economic Growth and Tax Relief Reconciliation Act of 2001 (the "Act"). The primary provision in the Act that impacted the insurance industry was the reform and eventual repeal of the estate tax. Under the new tax law, the annual estate tax exemption will increase from $0.675 million in 2001 to $3.5 million in 2009, with an anticipated complete repeal of the estate tax in 2010. ML of New York does not offer estate planning life insurance products. | 95 | 10K |
5614 | 611 | Realized gains and losses on the sale of investments are determined on the basis of the cost of the specific investments sold and are credited or charged to income on a trade date basis. Beginning January 1, 2018, unrealized gains or losses on equity and preferred securities are included in earnings. Unrealized gains or losses on fixed maturity securities (and equity and preferred securities prior to January 1, 2018) which are classified as available for sale, net of applicable deferred income tax expenses (benefits), are excluded from earnings and credited or charged directly to a separate component of equity. If any unrealized losses on available for sale securities are determined to be other-than-temporary, such unrealized losses are recognized as realized losses. Unrealized losses on fixed maturity securities are considered other-than-temporary if factors exist that cause us to believe that the value will not increase to a level sufficient to recover our cost basis. Some factors considered in evaluating whether or not a decline in fair value is other-than-temporary include: (i) our need and intent to sell the investment prior to a period of time sufficient to allow for a recovery in value; (ii) the duration and extent to which the fair value has been less than cost; and (iii) the financial condition and prospects of the issuer. Such reviews are inherently uncertain and the value of the investment may not fully recover or may decline in future periods resulting in a realized loss. | 243 | 10K |
1848 | 497 | Effective January 1, 2000, the net prepaid pension expense is carried on the financial statements of the Company and the annual periodic pension benefit or cost is allocated to affiliated companies based on allocations pursuant to intercompany management agreements. The Company's share of the 2001 and 2000 net periodic benefit was $4.0 million and $2.6 million, respectively. The Company maintains a defined contribution plan that covers substantially all employees of the Company. Contributions to the plan are based on employee contributions and the level of Company match. The Company's share of the expense under the plan totaled $1,120,000, $890,000 and $852,000 for the years 2001, 2000 and 1999, respectively. | 109 | 10K |
4285 | 1,192 | Consolidated Statements of Income and Comprehensive Income (Loss) for the years ended December 31, 2010, 2009 and 2008 | 18 | 10K |
3398 | 1,417 | The Company has entered into total return swaps referencing various project and principal finance obligations. The Company has also entered into interest rate swaps to mitigate interest rate risk on certain total return swaps. The fair value of those derivatives (the Company’s net liabilities) was a net unrealized loss of $33.7 million and $0.3 million, respectively, at December 31, 2007 and 2006. The notional value of the Company’s total return swaps was $273 million and $315 million, respectively, at December 31, 2007 and 2006. | 84 | 10K |
AvivaPLC-AR_2005 | 2,715 | Analysis of movement in life and related businesses embedded value continued All figures are shown net of tax. | 18 | annual_report |
AegonNV-AR_2014 | 1,877 | In December, the Board reviewed Aegon’s Sustainability Program, focusing specifically on developments in the US, noting that | 17 | annual_report |
INGGroepNV-AR_2017 | 778 | Honesty and trust are very important in my job. I think it’s important to be authentic with a customer, especially when selling products. Obviously it’s the main role of my job, but I really do enjoy helping a customer. It’s a great feeling being able to fix something that somebody is stressed about. Conversely, it can be very frustrating when there are processes and procedures in place that a customer is not happy with, but policies and procedures are there for a reason and it’s not always something we can change. | 91 | annual_report |
NatwestGroupPLC-AR_2012 | 5,490 | Loans and advances to banks and customers In estimating the fair value of loans and advances to banks and customers measured at amortised cost, the Group’s loans are segregated into appropriate portfolios reflecting the characteristics of the constituent loans. Two principal methods are used to estimate fair value: (a) Contractual cash flows are discounted using a market discount rate that incorporates the current spread for the borrower or where this is not observable, the spread for borrowers of a similar credit standing. This method is used for portfolios where counterparties have external ratings: large corporate loans in UK Corporate and institutional and corporate lending in International Banking and Markets. | 109 | annual_report |
3396 | 615 | In 2007, $301 million of commercial mortgage loans were contractually due. Of these, 85% were paid as due, 14% were refinanced at prevailing market terms and 1% were extended for less than one year. None were foreclosed or are in the process of foreclosure, and none were in the process of refinancing or restructuring discussions. | 55 | 10K |
118 | 458 | Holders of Series B Convertible Preferred Shares have the right to require the Company to purchase all or any part of the Series B Convertible Preferred Shares then held by such holders upon the occurrence of a Special Event. A Special Event consists of actions solely within the control of the Company and includes the declaration or payment of dividends aggregating in excess of $0.075 per share of Common Stock during the last seven months of 1994, cumulatively 25 percent of earnings in 1995 and 1996, and cumulatively 50 percent of earnings thereafter; the disposition by the Company of assets representing 35 percent or more of the Company's book value or gross revenues; certain mergers or consolidations of the Company or any of its principal subsidiaries with or into any other firm or entity involving 20 percent or more of the total market value of the Company's equity securities; and repurchases and redemptions of the Company's stock after June 1994 (other than the Company's Series B Convertible Preferred Shares) in excess of net proceeds to the Company from the sale of stock after June 1994 (less amounts expended for repurchases and redemptions of the Company's preferred shares). Other Special Events include the acquisition by a third party, with the consent or approval of the Company, of beneficial ownership of securities representing 35 percent or more of the Company's total outstanding voting power. The repurchase price, in the event of a Special Event, is at a specified premium, ranging from $66.18 per share, if the Special Event occurs within six and twelve months after the original issue date, to $72.06 per share, if the Special Event occurs more than twelve months after the original issue date, plus in each case accrued and unpaid dividends. The approximately 11,765,000 shares of Common Stock issuable upon the ultimate conversion of the Series B Convertible Preferred Shares represent approximately 21 percent of the aggregate number of voting shares outstanding after giving effect to such issuance. If dividends on the Series B Convertible Preferred Shares are paid in kind for the full five year period permitted, approximately 18,069,000 shares of Common Stock will be issuable upon such exchange, representing approximately 29 percent of the total number of voting shares outstanding after giving effect to such issuance. | 380 | 10K |
HannoverRueckSE-AR_2008 | 152 | Development of operating business Reinsurance business developed satisfactorily in the year under review: the market environment for non-life reinsurance was softer overall, as expected, and rates declined in most lines. Nevertheless, for the most part we were able to obtain prices that were commensurate with the risks. | 47 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2013 | 2,594 | Munich Re Group Annual Report 2013 made between payments for claims for which reserves were posted in previous years and immediate payments, i.e. payments for claims incurred in the current financial year. If claims reserves are posted, the liquidity risk can be minimised through our asset- liability management, in which investments are geared to the character of the liabilities. The proportion of immediate claims payments, which is temporally stable according to our experience, constitutes only a fraction of the total payments to be made. Consequently, the liquidity risks in respect of these payments can also be minimised by means of asset-liability management. | 102 | annual_report |
NatwestGroupPLC-AR_2009 | 3,687 | Valuation of financial instruments carried at fair value Control environment The Group’s control environment for the determination of the fair value of financial instruments includes formalised protocols for the review and validation of fair values independent from the businesses entering into the transactions. There are specific controls to ensure consistent pricing policies and procedures, incorporating disciplined price verification. The Group ensures that appropriate attention is given to bespoke transactions, structured products, illiquid products and other instruments which are difficult to price. | 81 | annual_report |
3456 | 593 | The following summarizes the operating results of our business segments for the years ended December 31: | 16 | 10K |
StorebrandASA-AR_2014 | 9 | Decleration of the Board and the CEO Independent auditor’s report Statement of the Control Comittee and the Board of Representatives | 20 | annual_report |
4405 | 1,488 | Bank of America paid the Company $1,042.7 million in 2011 in respect of covered second lien transactions and is obligated to pay another $57.3 million by March 2012. In consideration of the $1.1 billion, the Company has agreed to release its claims for the repurchase of mortgage loans underlying the eight second lien transactions (i.e., Assured Guaranty will retain the risk of future insured losses without further offset for R&W claims against Bank of America). | 75 | 10K |
2103 | 808 | The quarterly results of operations for 2002 and 2001 are summarized below: | 12 | 10K |
3030 | 1,100 | Since our loss reserve estimate is based principally on assumptions made individually for each loss event and contract there is significant variability which cannot be quantified at any level of aggregation which is meaningful in the context of our financial reporting. Following a major catastrophic event the possibility of future litigation or legislative change that may impact interpretation of policy terms further increases the degree of uncertainty in the reserving process. | 71 | 10K |
BaloiseHoldingLtd-AR_2006 | 1,218 | VORABDRUCKnies and equity holdings as of December 31, 2006 are found in the Notes to the fi statements in the Financial Report starting on page 74. In addition to Bâloise-Holding, the | 31 | annual_report |
3774 | 1,027 | The Company cannot estimate whether or when the remaining closing conditions will be satisfied or relevant agreements negotiated, whether the Acquisition will be completed and, if completed, whether it will be structured as currently contemplated, or what the effects of the change in control or removal of the FP business will be on the Company and its results of operations. If the Acquisition is not carried out, Dexia may explore other options with respect to the Company, including selling the Company or some of its operations to a third party or ceasing to write new business, which may have a material adverse effect on the Company. | 106 | 10K |
4204 | 1,174 | (a) The decrease in commissions is primarily due to the Company no longer issuing variable annuity products during the latter part of 2009, as well as a decline in trail commissions as a result of decreased average variable account balances in 2009 as compared to 2008. | 46 | 10K |
RSAInsuranceGroupPLC-AR_2009 | 1,270 | economic capital Economic capital is the Group’s preferred measure of capital sufficiency. It is the Group’s own assessment of the amount of capital it needs to hold to meet its obligations given the Group’s risk appetite. Assets and liabilities are valued on an economic basis providing the most realistic representation of the Group’s financial condition. | 55 | annual_report |
276 | 156 | The Company reported net income for the year ended December 31, 1995 of $1,741,000 (after providing for income taxes of $1,256,000) compared with a net loss of $2,370,000 (after providing for income taxes of $492,000) in 1994. Included in the 1995 and 1994 results were the following: | 47 | 10K |
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