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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 a...
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 a...
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,...
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 d...
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 acquisitio...
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...
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 a...
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 strengt...
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...
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...
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 activ...
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 conjunctio...
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 earni...
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 valu...
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. Th...
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 leve...
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...
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 a...
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 Decem...
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 a...
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 selecte...
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 empl...
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...
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. Thi...
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 bec...
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. ...
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 incre...
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...
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 operat...
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...
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...
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 wi...
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 restrict...
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...
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 c...
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. f...
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 ...
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 ...
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 o...
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...
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...
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...
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)...
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 d...
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 ...
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 whi...
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 a...
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 t...
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 possibili...
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 busine...
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 representatio...
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