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AvivaPLC-AR_2016
52
DIvIDEnD The Board proposes a final dividend of 15.88 pence per share (2015: 14.05 pence per share). This is a 13% increase and reflects the Board’s confidence in the Group’s prospects.
31
annual_report
2018
687
Other revenues consist primarily of Benefits’ commission income from insurance carriers and Medical Solutions’ technology consulting and software sales and support to healthcare providers. Generally, such revenues are earned as the related services and products are performed or provided.
39
10K
4912
785
Federal Income Tax. Federal income tax expense was $3.7 million, $2.1 million and $1.5 million in 2014, 2013 and 2012, respectively, resulting in effective tax rates of (134.0)%, 30.8% and 25.0%, respectively. The current year impact is the result of the tax compliance issue we identified in 2015 which impacted our cur...
193
10K
StandardLifeAberdeenPLC-AR_2014
1,773
Subsidiaries are fully consolidated from the date on which control is transferred to the Group until the date that control ceases.
21
annual_report
AvivaPLC-AR_2018
2,342
Total assets 964 704 1,668 Liabilities Gross insurance liabilities 376 381 757 Payables and other financial liabilities 2 19 21 Tax liabilities 143 48 191 Other liabilities 6 21 27
30
annual_report
5703
1,151
The critical audit matter communicated below is a matter arising from the current period audit of the consolidated financial statements that was communicated or required to be communicated to the audit committee and that: (1) relates to accounts or disclosures that are material to the consolidated financial statements ...
111
10K
ScorSE-AR_2008
1,648
In order to optimize the balance in the balance sheet of the new company SCOR Global Life SE, it has been decided to modify the scope of the internal retrocession agreement with SCOR SE (termination of the agreement in Singapore and in Canada).
43
annual_report
5147
1,055
The following table summarizes reserves and contractholder funds for Allstate Life, Allstate Benefits and Allstate Annuities as of December 31.
20
10K
3912
1,776
We provide for income taxes in accordance with the provisions of SFAS No. 109, “Accounting for Income Taxes” (“SFAS No. 109”). As required under SFAS No. 109, our deferred tax assets and liabilities are recognized under the balance sheet method, which recognizes the future tax effect of temporary differences between th...
101
10K
2134
3,644
groups and individuals throughout the Company’s health plans. Commercial products include HMO, PPO and
14
10K
SwissLifeHoldingAG-AR_2015
1,149
The MCEV of Swiss Life in France, Germany and International was negatively affected by the impacts of foreign currency translation into group presentation currency CHF.
25
annual_report
ch_zurich_insurance_group-AR_2006
947
As of December 31, 2006 and 2005, investments included USD 11,512 million and USD 12,486 million, respectively, of loaned securities. Cash and cash equivalents included USD 3,820 million and USD 4,571 million of cash received as collateral for loaned securities as of December 31, 2006 and 2005, respectively. Non-cash c...
70
annual_report
5886
1,005
The Company’s investments in fixed maturities do not include concentrations of credit risk of any single issuer greater than 10% of the consolidated equity of the Company, other than securities of the U.S. government, U.S. government agencies, and certain securities guaranteed by the U.S. government. The Company mainta...
111
10K
5858
1,126
Investments for which market quotations are readily available are valued at the sale price on their principal exchange or, for certain markets, official closing bid price. Money market mutual funds are valued using a valuation technique that results in price per share at $1.00.
44
10K
PhoenixGroupHoldingsPLC-AR_2017
2,412
E. FINANCIAL ASSETS & LIABILITIES continued E2. FAIR VALUE HIERARCHY continued E2.5 Movement in Level 3 financial instruments measured at fair value
22
annual_report
4622
997
Ratings actions affirmation and outlook changes by S&P, Moody's, Fitch and A.M. Best from December 31, 2011 and subsequently, through March 27, 2013, are as follows:
26
10K
fr_axa-AR_2019
4,606
As regards the market risks relating to the management of holding companies’ foreign exchange and interest rates exposure, the following Risk Management measures have been defined and implemented.
28
annual_report
RSAInsuranceGroupPLC-AR_2017
2,723
Total credited/(charged) to other comprehensive income 20 5 (3) 40 17 45
12
annual_report
4150
903
Property: The $1.2 million reduction primarily consisted of reductions of $2.6 million related to accident years 2007 and 2003 and prior, offset by increases of $1.4 million related to accident years 2004 through 2006.
34
10K
1122
459
Revenues increased by $17.6 million, or 12.5%, to $158.7 million in 1997 from $141.1 million in 1996. Of the increase, $6.1 million, was attributable to revenues contributed by DHMI and $1.8 was attributable to management fees received from DHDC, which commenced operations in 1997. The addition of AMDP and DDV and Dent...
84
10K
5775
1,046
The Company reinsures a portion of its exposures principally to reduce its net liability on individual risks and to protect against catastrophic losses. Estimated amounts due from reinsurers are reported net of reserves for uncollectible reinsurance of $690,127, $946,965 and $1,010,000 as of December 31, 2019, 2018 and...
50
10K
NNGroupNV-AR_2013
2,040
NN Group managed Investment funds NN Group originates investment funds. NN Group may hold investments in these funds for its own account through the general account investment portfolio of the insurance operations. Other investments in these funds may be held for the account of policyholders or by third parties. For th...
137
annual_report
4989
1,997
Once eligible for annuitization, contractholders would only be expected to annuitize if their contracts were in-the-money. We calculate in-the-moneyness with respect to GMIBs consistent with net amount at risk as discussed in Note 4 of the Notes to the Consolidated Financial Statements, by comparing the contractholders...
85
10K
2729
1,204
Net premiums written is the amount of our gross premiums written less the amount of premiums that we transfer, or cede, to our reinsurers based upon the risks they accept pursuant to our reinsurance treaties. We relate our net premiums written to gross premiums written to measure the amount of premium we retain after c...
97
10K
RaiffeisenBankInternationalAG-AR_2020
1,979
Cash, cash balances at central banks and other demand deposits [13, 44] 33,660,024 24,289,265
14
annual_report
Sampoplc-AR_2007
628
Parent Company Statement of Cash Flows . . . . . . . . . . . . . . . . . . . . . .130
28
annual_report
BeazleyPLC-AR_2020
820
Such activity has severe reputational, regulatory and legal consequences, including fines and penalties.
13
annual_report
fr_axa-AR_2006
3,414
1.17.5. Change in unearned premiums reserves net of unearned revenues and fees Changes in unearned premiums reserves net of unearned revenues and fees include the change in the unearned premium reserve reported as a liability (see “Unearned premium reserves” in section 1.12.2) along with the change in unearned revenues...
90
annual_report
5915
1,081
Mortgage guaranty insurance policies are contracts that are generally non-cancelable by the insurer, are renewable at a fixed price, and provide for payment of premium on a monthly, annual or single basis. Upon renewal, we are not able to re-underwrite or re-price our policies. Consistent with industry accounting pract...
249
10K
fr_axa-AR_2012
7,671
APPENDIX III STATEMENT OF THE PERSON RESPONSIBLE FOR THE ANNUAL REPORT 342
12
annual_report
PowszechnyZakladUbezpieczenSA-AR_2012
1,710
The Supervisory Board elects from among its members the Chairman and Deputy Chairman of the
15
annual_report
de_allianz-AR_2002
452
The demand was so overwhelming that we increased the total volume from 1 to 2 billion euros and were able to set the interest rate at the lower end of the book building range. The bond was hailed as “deal of the year” in the financial services provider category by the British financial magazine Euroweek. It is listed a...
63
annual_report
2325
894
Based on 21,169,736 shares of Common Stock outstanding at the end of 2003, 2002, 2001 and 2000 and 20,919,833 shares at the end of 1999. This assumes redemption would occur on all series of Preferred Stock. Future changes in Shareholders’ equity will impact these numbers. See Note 7 of Notes to Consolidated Financial S...
54
10K
2995
331
The following information presented for CNA Surety is as of and for the years ended December 31, 2006, 2005, 2004, 2003 and 2002.
23
10K
StandardLifeAberdeenPLC-AR_2014
3,808
Associates are entities over which the Company has significant influence but not control. Significant influence is the power to participate in the financial and operating policy decisions of the investee either directly or through another Group company acting as a defacto agent.
42
annual_report
SwissReAG-AR_1980
86
The situation on the internationai reinsurance market continues to be highly unsatisfactory and marked by a pronounced excess of reinsurance capacity. The number of professionai reinsurers, i.e. companies specialized in the field of reinsurance, has multiplied in the last decades with reinsurance companies being founde...
180
annual_report
SwissLifeHoldingAG-AR_2017
612
The role of lead auditor rotates in compliance with the term of office regulations stipulated by the Swiss Code of Obligations, the independency guidelines set forth by the Swiss Institute of Certified Accountants and Tax Consultants, and internal guidelines at PwC. Accordingly, the partner at PwC in charge of auditing...
81
annual_report
2673
1,176
Government contracts costs increased by $138.1 million, or 7.7%, for the year ended December 31, 2004 compared to the same period in 2003 due to an increase in costs of $672.1 million from the start of providing health care services under the new TRICARE contract for the North Region, partially offset by $528.2 million...
62
10K
5126
584
We performed the first step of the goodwill quantitative analysis to determine if the fair value of the reporting unit was in excess of the carrying value. As of December 31, 2015, the fair value of each of our reporting units exceeded the carrying value of the net assets assigned to that unit; therefore we were not re...
182
10K
TrygAS-AR_2009
1,177
Deputy Chairman furthermore plan the future composition of the Supervisory Board. The Chairman acts as spokesman for the Supervisory Board for external purposes.
23
annual_report
nl_ing_grp-AR_2017
2,068
As at 31 December 2017, Cash and cash equivalents includes cash and balances with central banks of EUR 21,989 million (2016: EUR 18,144 million; 2015: EUR 21,458 million). The increase in cash and balances with central banks reflects ING’s liquidity management. Reference is made to Note 32 ‘Cash and cash equivalents’.
51
annual_report
de_allianz-AR_2009
1,458
3) We adjusted our figures for 2008 according to the definition of total revenues as stated on this page.
19
annual_report
943
179
Shareholders Equity: Common stock, $80 par, 25,000 shares authorized, issued and outstanding 2,000 2,000 Additional paid-in capital 179,889 151,527 Retained earnings 64,993 30,226 Accumulated other comprehensive income 3,535 668 ---------- ----------
31
10K
4336
880
At June 30, 2011, the Company had gross state NOL carryforwards of $26.6 million that begin to expire in 2019 and AMT credit carryforwards of $1.6 million that have no expiration date. At June 30, 2011, the Company had gross NOL carryforwards for federal income tax purposes of $15.1 million, which are available to offs...
88
10K
2675
3,796
net investments. In 2004, this hedge had no ineffectiveness and $16 million of derivative losses related to this hedge were recorded in the cumulative translation adjustment account. There were no net investment hedges in 2003.
35
10K
5449
1,343
loss, or a statement that such an estimate cannot be made. While actual losses may differ from the amounts recorded and the ultimate outcome of the Company’s pending actions is generally not yet determinable, the Company does not believe that the ultimate resolution of currently pending legal or regulatory proceedings,...
69
10K
2187
1,155
Unrealized gains (losses) on open block options and trading investments also will fluctuate from period to period depending on prevailing interest rates, the economic environment, the timing of investment sales and credit events. We use options to hedge our equity-indexed products. In accounting for derivatives, we adj...
64
10K
PosteItalianeSpA-AR_2015
5,330
In addition to using the above sensitivity analysis, the Company monitors spread risk by calculating its maximum potential losses, through an estimate of Value at Risk (VAR) on statistical bases, over a 1-day time horizon and at a 99% confidence level. Risk analysis performed through VaR takes into account the historic...
68
annual_report
2915
909
deficit we fund could be recovered by underwriting gains in future periods of the contract. To date, we have not been required to fund any underwriting deficits. The RSF balance is reported in Other Policy Liabilities in the accompanying Consolidated Balance Sheets. We believe the RSF balance is sufficient to cover pot...
61
10K
1455
296
insurance business is. If the percentage is higher than 100%, our insurance business may not be profitable.
17
10K
5095
1,283
In 2015, we paid the federal government $867 million for the annual health insurance industry fee attributed to calendar year 2015, in accordance with the Health Care Reform Law. In 2014, we paid the federal government $562 million for the annual health insurance industry fee attributed to calendar year 2014. This fee ...
58
10K
ch_zurich_insurance_group-AR_2012
3,599
In our opinion, the issuance of 914,301 registered shares with a par value of CHF 0.10 complies with Swiss law and the Company’s articles of incorporation.
26
annual_report
2558
857
The Company has the following concentrations of net premiums earned with two separate managing general agents within our property/casualty insurance business segment for the years ended December 31:
28
10K
5077
3,047
The FSA utilizes a solvency margin ratio to evaluate the capital adequacy of Japanese insurance companies. The solvency margin ratio considers the level of solvency margin capital to a solvency margin risk amount, which is calculated in a similar manner to RBC. As of December 31, 2015, Prudential of Japan and Gibraltar...
72
10K
NatixisSA-AR_2019
3,609
TOTAL DERIVATIVE EXPOSURES (SUM OF LINES 4 TO 10) 18,130 18,914
11
annual_report
AvivaPLC-AR_2000
1,220
Profit for the year – – 6,622 6,622 Foreign exchange rate movements – – 6 6 Unrealised (losses)/gains (2,861) – 13 (2,848)
22
annual_report
5571
5,566
In accordance with SAB 118 issued by the SEC in December 2017, the Company recorded provisional amounts for certain items for which the income tax accounting is not complete. For these items, the Company recorded a reasonable estimate of the tax effects of U.S. Tax Reform. The estimates were reported as provisional amo...
113
10K
NatwestGroupPLC-AR_2011
1,664
The Group’s actual experiences from the 2008 and 2009 period factor heavily into the liquidity analysis. This systemic and name-specific crisis provides important data points in estimating stress severity.
29
annual_report
5538
2,162
Results from inclusion of the operations of EnTitle Direct, a national title insurance and settlement service company, acquired in March 2018.
21
10K
4854
1,590
Reduced Medicare Advantage reimbursement rates-Beginning in 2012, the Medicare Advantage "benchmark" rates began the transition to target Medicare fee-for-service cost benchmarks of 95%, 100%, 107.5% or 115% of the calculated Medicare fee-for-service costs. The transition period is 2, 4 or 6 years depending upon the ap...
135
10K
NatixisSA-AR_2020
5,306
Seed money portfolio mark-downs Asset Management 30 listedV 36 unlistedV (6)
11
annual_report
SwissReAG-AR_2010
936
Risk Management is embedded across our business cycle to enable controlled risk-taking and efficient, risk-adjusted allocation of capital.
18
annual_report
SwissReAG-AR_2020
1,824
• The Group Chief Investment Officer (Group CIO) is responsible for ensuring consistent integration of ESG aspects across the investment process. The Group CIO is responsible for investment decisions within the Strategic Asset Allocation implementation, including those related to responsible investing, and is informed ...
56
annual_report
2776
1,066
The following table summarizes our consolidated financial results for the years indicated ($ in millions):
15
10K
ScorSE-AR_2008
2,330
Accounts payable on ceded reinsurance transactions (740) (206) (946) (653) (164) (817)
12
annual_report
5069
1,413
Also included in debt are any warehouse lines outstanding associated with the Company’s CLOs. As of December 31, 2015 there was $119,480 outstanding for Telos 7.
26
10K
5365
521
The $11,611 decrease in Corporate Operations profitability for the year ended December 31, 2017 is primarily due to $220,538 decreased net investment income, $6,235 decreased other income and $215,162 decreased operating expenses.
32
10K
StorebrandASA-AR_2001
134
Storebrand Bank, which carries the main responsibility for distributing the group’s mutual funds, banking and life insurance products to the retail market, has invested heavily over recent years in the development of its Advisory Bank concept. The bank’s financial advisers, working from 20 financial centres covering al...
147
annual_report
3757
3,734
In December 2007, the FASB issued Statement of Financial Accounting Standards No. 160, Noncontrolling Interests in Consolidated Financial Statements (“SFAS 160”). SFAS 160 amended Accounting Research Bulletin No. 51, Consolidated Financial Statements, to establish a single method of accounting for non-controlling inter...
175
10K
1359
1,110
AFC has accrued approximately $11.2 million at December 31, 1999, for environmental costs and certain other matters associated with the sales of former operations.
24
10K
ScorSE-AR_2009
3,286
The corporate financial statements are prepared in original currencies converted to Euros. Fluctuations in the exchange rates used to convert the accounts might generate a significant foreign exchange impact. To limit the exchange rate fluctuation risk, forward foreign currency hedges are entered into at the beginning ...
91
annual_report
2227
711
The table below summarizes Berkshire’s equity price risks as of December 31, 2003 and 2002 and shows the effects of a hypothetical 30% increase and a 30% decrease in market prices as of those dates. The selected hypothetical change does not reflect what could be considered the best or worst case scenarios. Indeed, resu...
80
10K
4490
1,458
(1) Balances include amounts related to collateralized debt obligations held with total fair values of $17.2 million.
17
10K
5007
1,769
The contractual maturities of the Company’s short-term and fixed maturity investments classified as trading are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
42
10K
BaloiseHoldingLtd-AR_2007
3,969
Performance targets for the subsequent year are determined through a multilevel process and approved by the Compensation
17
annual_report
SwissLifeHoldingAG-AR_2017
1,204
Health and safety policy yes yes yes yes AR, p. 118–119
11
annual_report
4145
2,653
See Note 20(b), “Commitments and Contingencies - Other Investments,” for further information regarding commitments related to other investments.
18
10K
5938
1,643
In December, 2019, the FASB issued updated guidance related to the accounting for income taxes. The updated guidance is intended to simplify the accounting for income taxes by removing several exceptions contained in existing guidance and amending other existing guidance to simplify several other income tax accounting ...
96
10K
NatixisSA-AR_2020
4,766
CIB Strategic investment in Fenchurch Advisory Partners in the United Kingdom as part of the strategic enhancement of Natixis’ expertise in Mergers & Acquisitions advisory services.
26
annual_report
2360
704
In order to enhance the regulation of insurer solvency, the NAIC established risk-based capital requirements for insurance companies that are designed to assess capital adequacy and to raise the level of protection that statutory surplus provides for policy holders. These requirements measure three major areas of risk ...
165
10K
1961
793
In accordance with this guidance, in 2001, Torchmark evaluated the expected cash flows on its asset-backed securities under the new rules. As a result, Torchmark determined that these assets were impaired by $41 million, or $27 million after tax, resulting in a remaining balance at fair value of $63 million. This impai...
158
10K
ScorSE-AR_2008
376
reinsurers authorised in France and their branches are monitored by the Autorité de Contrôle des Assurances et des Mutuelles (“ACAM”). The role of this body is to ensure that at any point, these entities are able to conform to the commitments that they have entered into with reinsurance companies and that they fulfi l ...
59
annual_report
5700
15,047
underlying policy pricing, terms and conditions including attachment points and policy limits;
12
10K
4523
3,733
•Certain asbestos business that was written by AIG Property Casualty is discounted, when allowed by the regulator and when payments are fixed and determinable, based on the investment yields of the companies and the payout pattern for this business. The discount consists of the following: $801 million - tabular discoun...
90
10K
RaiffeisenBankInternationalAG-AR_2010
1,438
The quarterly results 2010 represent the pro forma results of RBI: Net provisioning for impairment losses (324,942) (282,697) (305,746) (280,700)
20
annual_report
4092
614
Further information on our pension and other employee benefit obligations is included in Note 10 of the notes to our consolidated financial statements under Part II Item 8 - “Financial Statements and Supplementary Data.”
34
10K
TopdanmarkAS-AR_2017
754
The table below is categorised by the option holders' standing end of year: Strike Executive Senior Total number of options ('000) price Board executives Resigned Total
26
annual_report
Sampoplc-AR_2001
2,487
The club arranges local events and competitions and has its own website.
12
annual_report
4733
859
Amil Tender Offer. We acquired all of Amil’s remaining public shares for $1.5 billion in the second quarter of 2013, bringing our ownership in Amil to 90%.
27
10K
5293
1,208
Surplus Note. As of December 31, 2016, the principal amount outstanding on the Surplus Note issued by Vidalia Re was approximately $503.2 million, equal to the principal amount of the LLC Note invested asset. The Surplus Note was issued in exchange for the LLC Note, which supports certain obligations of Vidalia Re for ...
219
10K
NatixisSA-AR_2002
637
The new Asset Management and Insurance organization structure is now up and running, and will enable the business line to position itself as a multi-business player by leveraging synergies on a national and international scale.
35
annual_report
fr_axa-AR_2014
4,324
CFO and the Group COO, and where GRM is in charge of its secretariat,
14
annual_report
5269
1,904
Net Investment Income. Net investment income increased $24.7 million, or 18.8%, to $156.3 million from $131.6 million for the years ended December 31, 2015 and 2014, respectively. The increase resulted primarily from having a higher average portfolio of fixed maturity securities during 2015 compared to 2014, which was ...
84
10K
Sampoplc-AR_2000
829
The risk for the Bank is a fall in interest rates, and especially a situation in which low rates prevail for a long period. In such an environment, the interest paid on customer accounts falls at a slower rate than interest received on loans, with the result that margins become slimmer. In 2000, this risk was managed b...
61
annual_report
SwissLifeHoldingAG-AR_2018
87
Brands with little relevance for core business and potential for a positive image transfer are at the third level. The umbrella brand or sub-brand serves as an additional textual identifier at this level.
33
annual_report
gb_prudential-AR_2008
4,607
Prudential’s businesses are conducted in highly competitive environments with developing demographic trends and Prudential’s continued profitability depends on its management’s ability to respond to these pressures and trends. The markets for financial services in the United Kingdom, United States and Asia are highly c...
156
annual_report
AegonNV-AR_2015
2,370
Share plan Senior executives at Aegon companies and some other employees are entitled to variable compensation of which part is granted in the form of shares. For further details, please see the remunerationreport on page 108 and note 53 of the notes to Aegon’s consolidated financial statements of this Annual Report. U...
95
annual_report
4801
1,113
The Multiemployer Plan assets are primarily invested in annuity products and insurance company pooled separate accounts that invest predominately in equity securities and real estate. We have certain pension obligations that are fully funded through annuity contracts with Farm Bureau Life which are presented as funded ...
251
10K
5301
1,139
The Company’s $0.4 million of gross unrealized losses within the utility services sector relates to securities with a fair value of $9.1 million, largely due to merger and acquisition activity within the electric sub-sector.
34
10K
4709
1,549
Pursuant to the Merger Agreement, at the effective time of the Merger, each issued and outstanding share of our Common Stock will be converted into the right to receive $21.00 in cash, without interest, other than any shares of Common Stock owned by Tenet or us or any wholly-owned subsidiary thereof (which will automat...
113
10K