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4124 | 562 | Year-over-year policies in force increased 3.5% to 4,144,004 in 2009, compared to 4,002,209 in 2008. | 15 | 10K |
BeazleyPLC-AR_2015 | 1,696 | The group limits exposure to a single counterparty or a group of counterparties and analyses the geographical locations of exposures when assessing credit risk. | 24 | annual_report |
4726 | 647 | Major categories of investment income for the years ended December 31 are summarized as follows: | 15 | 10K |
5034 | 1,164 | Overall, our Casualty and Professional businesses were flat. Our Specialty business was down 2%, reflecting continued competitive conditions in the aviation lines. Our EPC businesses were once again most severely impacted, led by reductions in the energy businesses of approximately 10%, and reductions in our international and North American property businesses of 3% and 5%, respectively. | 56 | 10K |
5852 | 339 | Sub-advisory and sub-administrative expenses associated with these services are calculated and recorded as the related services are performed in other operating costs and expense in the consolidated statements of income (loss) as the Company is acting in a principal capacity in these transactions and, as such, reflects these revenues and expenses on a gross basis. | 55 | 10K |
AvivaPLC-AR_2016 | 286 | Our strategic framework focuses on the things that really matter and puts the customer at the heart of everything we do. It provides clear direction across all our markets for how we run our business | 35 | annual_report |
4393 | 788 | Our obligations under the Credit Facility are secured by a lien on substantially all of our assets, with the exception of certain of our real estate assets, and by a pledge of the capital stock or membership interests of our operating subsidiaries and health plans (with the exception of the California health plan). | 53 | 10K |
fr_axa-AR_2007 | 2,892 | Note that MBIA reinsures 100% of all credit insurance risks (excluding cumulative losses between $0 and $13 million (ca 0.12%) and between $110 and $200 million (ca 1.05% and 1.9%) reinsured to other third party reinsurers) on a diversified portfolio of wrapped US municipal bonds underwritten by AXA RE (prior to its run-off). The main characteristics of this portfolio are : — 5,000+ different issues (83% AA & A, all investment grade) | 72 | annual_report |
LloydsBankingGroupPLC-AR_2003 | 649 | This is the risk of loss from poor corporate governance at Lloyds TSB Group and business level. It includes sub-optimal organisational structuring, or failure to recruit, manage and retain appropriately skilled staff to achieve business objectives. Lloyds TSB Group policy for managing governance, people and organisation risk is defined in the Group Policy Manual. It defines the way the Lloyds TSB Group is organised, the need for tight financial and operating controls, maintenance of a strong risk management and control culture, the need to benchmark against industry best practice and for businesses to conduct themselves with integrity, due skill, care and diligence. | 102 | annual_report |
DirectLineInsuranceGroupPLC-AR_2015 | 632 | The movement in net cash generated from investing activities in 2015 of £190.8 million from £216.0 million used in 2014 primarily represented the sale of discontinued operations. | 27 | annual_report |
AvivaPLC-AR_2019 | 5,280 | • By email: Citibank@shareholders-online.com • In writing: Citibank Shareholder Services, PO Box 43077, | 13 | annual_report |
StandardLifeAberdeenPLC-AR_2006 | 798 | (a) Primary reporting format – Business segments (continued) (ii) Segmental balance sheet (continued) | 13 | annual_report |
4822 | 782 | In July 2013, the Federal Reserve Board, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation approved publication of the Basel III Rules governing almost all U.S. banking organizations regardless of size or business model. The Basel III Rules revise and enhance the Federal banking agencies' general risk-based capital, advanced approaches and leverage rules. The Basel III Rules became effective on January 1, 2014, with a mandatory compliance date of | 75 | 10K |
INGGroepNV-AR_2008 | 2,743 | Equity Price Risk in Banking Books Equity price risk arises from the possibility that equity security prices will fluctuate, affecting the value of equity securities and other instruments whose price reacts similarly to a particular security, a defined basket of securities, or a securities index. ING Bank maintains a strategic portfolio with substantial equity exposure in its banking books. This equity exposure mainly consists of the investments in associates of EUR 1,813 million (2007: EUR 2,010 million) and equity securities held in the Available-for-Sale portfolio of EUR 1,863 million (2007: EUR 3,627 million). The value of equity securities held in the Available-for-Sale portfolio is directly linked to equity security prices with increases/decreases being recognised (except in the case of impairment) in the revaluation reserve. During the year ended 31 December 2008 the revaluation reserve relating to equity securities held in the Available-for-Sale portfolio fluctuated between a month-end low amount of EUR 776 million (2007: EUR 518 million) and a high amount of EUR 1,969 million (2007: EUR 2,580 million). Investments in associates are measured in accordance with the equity method of accounting and the balance sheet value is therefore not directly linked to equity security prices. | 196 | annual_report |
HiscoxLtd-AR_2009 | 680 | Improvements to IFRSs Improvements to IFRSs is an annual process which has been undertaken by the IASB with the view of removing inconsistencies and clarifying wording within the standards. In May 2008, the IASB issued the first in the series of these amendments with separate transitional arrangements for each standard. The following lists the main applicable improvements which have been adopted by the Group from 1 January 2009: IFRS 7 Financial Instruments: Disclosures: removes the reference to ‘total interest income’ as a component of finance costs. This had no impact on the Group’s accounting policy or financial position as this was already applied. | 103 | annual_report |
de_allianz-AR_2010 | 565 | – The roles and responsibilities of its members – Operating procedures – Principles and boundaries of remuneration | 17 | annual_report |
4802 | 1,669 | The outcome of a litigation or regulatory matter and the amount or range of potential loss is difficult to forecast and estimating potential losses requires significant management judgment. It is not possible to predict the ultimate outcome or to provide reasonably possible losses or ranges of losses for all pending regulatory matters and litigation. While it is possible that an adverse outcome in certain cases could have a material adverse effect upon the Company's financial position, based on information currently known, management believes that the outcome of pending litigation and regulatory matters is not likely to have such an effect. However, given the large and indeterminate amounts sought and the inherent unpredictability of such matters, it is possible that an adverse outcome in certain of the Company's litigation or regulatory matters could, from time to time, have a material adverse effect upon the Company's results of operations or cash flows in a particular quarterly or annual period. | 157 | 10K |
5739 | 8,766 | The following table presents the components of GAAP net loss and adjusted EBITDA included in White Mountains’s NSM segment for the year ended December 31, 2019 and the for the period of May 11, 2018 to December 31, 2018: | 39 | 10K |
StorebrandASA-AR_2006 | 1,132 | Transfers of pension business (NOK million) 5 260 712 Very good | 11 | annual_report |
fr_axa-AR_2017 | 619 | Profit or loss on financial assets (under fair value option) and derivatives (2) 30 | 14 | annual_report |
PosteItalianeSpA-AR_2019 | 6,338 | ECL measurement Expected credit losses (ECL) are determined over a time horizon consistent with the stage level (12 months or lifetime) on the basis of the following factors: � Probability di Default (PD); � Loss Given Default (LGD); � Exposure at Default (EAD); � Time Factor (TF). | 47 | annual_report |
5543 | 1,158 | In July 2017, the FASB issued ASU 2017-11, Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480), and Derivatives and Hedging (Topic 815). This update is intended to simplify the accounting for certain equity-linked financial instruments. The standard will take effect for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. Early adoption is permitted. The guidance must be applied using a full or modified retrospective approach. We adopted this ASU on January 1, 2019, and have determined that it has no impact on our consolidated financial statements. | 99 | 10K |
4599 | 3,517 | For the other commercial mortgage loan securitization entity with total assets of $278 million and $327 million, respectively, as of December 31, 2012 and 2011, our economic interest represents the excess interest of the commercial mortgage loans and the subordinated notes of the securitization entity. The commercial mortgage loans are serviced by a third-party servicer and special servicer. However, we have the right to replace the special servicer without cause at any time. This right is recognized under accounting guidance as resulting in our effective control of the activities directed by the special servicer. | 94 | 10K |
StandardLifeAberdeenPLC-AR_2016 | 1,634 | 5 Paul Matthews and Colin Clark were appointed as Directors on 1 November 2015 and the figures reported for their long-term incentive awards in both 2015 and 2016 represent the value of the proportion of the award which relates to the period of time in the performance period for which they were executive Directors. | 54 | annual_report |
2315 | 659 | During 2003, the Securities and Exchange Commission made known interpretative guidance concerning SFAS 133. They have concluded that all income and expenses related to a nonhedged derivative must be recorded in the same line item that the adjustment to fair value is recorded. This interpretation also requires prior periods to be reclassified accordingly for comparability. In order to comply with this interpretation, Torchmark no longer reduces its interest expense on the Statement of Operations for the reduction in interest cost for swapping its fixed rate for a variable rate on nonhedged derivatives. Instead, this benefit is reported as a component of realized investment gains (losses), the same line where the required fair value adjustment for nonhedged derivatives is reported. Torchmark has also reported the interest cost benefit on hedged derivatives as a component of realized gains (losses), in order to report these items on a consistent basis. | 147 | 10K |
944 | 1,295 | 1998 1997 1996 Current taxes (credits): Federal $ 61,501 $ 27,875 $22,450 Foreign 94 - (1,735) State 652 (2,544) 6,369 Deferred taxes: Federal 18,254 96,301 55,250 Foreign 422 (459) 321 | 30 | 10K |
5459 | 719 | The loss and settlement expense ratio for the reinsurance segment increased to 68.1 percent in 2016 from 64.1 percent in 2015. The loss and settlement expense ratio for 2015 reflected an unusually low amount of reported large losses (losses greater than $100,000) and two large reductions in reported reserves for prior accident year events. A decline in catastrophe and storm losses helped limit the increase in the reinsurance segment's loss and settlement expense ratio. The largest catastrophe and storm loss incurred in 2016 was a $3.5 million loss stemming from the Alberta, Canada wildfire, while the largest loss incurred in 2015 was $4.5 million ($4.1 million net of reinsurance recovery under the inter-company reinsurance program with Employers Mutual) from the Tianjin, China explosion. No recoveries were made under the revised inter-company reinsurance program with Employers Mutual during 2016. The decline in the total cost of the revised inter-company reinsurance program with Employers Mutual produced a 1.4 percentage point decline in the loss and settlement expense ratio for 2016. This reduction was reflected in the catastrophe and storm loss ratio, which declined to 9.3 percentage points in 2016 from 12.0 percentage points in 2015. The most recent 10-year average for catastrophe and storm losses was 13.0 percentage points. | 207 | 10K |
SwissReAG-AR_2016 | 1,263 | In 2016, Swiss Re was again recognised as “insurance industry sector leader” in the Dow Jones Sustainability Indices. This is the tenth time since 2004 that Swiss Re has led the insurance sector in these rankings. The award highlights Swiss Re’s long-term commitment to sustainable business and our efforts to further embed sustainability into key business processes and operations. | 59 | annual_report |
AssicurazioniGeneraliSpA-AR_2014 | 3,128 | The Group’s exposure in derivatives is mainly associated with hedging operations on financial assets and liabilities and it is in line with strategies aiming at mitigating financial and credit risks. The total exposure amounts to € -452 million for a corresponding notional amount of € 40,797 million. The notional exposure is presented in absolute amounts, including the positions with both positive and negative balances, and it arises for an amount of € 7.011 million from instruments for which a hedge accounting relationship has been formally designated, in accordance with the international accounting standard IAS 39. The remaining notional amount is attributable to derivative instruments for which, notwithstanding their purpose as hedging instruments, a formal hedge accounting relationship has not been activated. | 121 | annual_report |
SwissReAG-AR_2014 | 3,539 | and further constrain access to liquidity. Finally, any adverse ratings action could trigger a need for further liquidity (for example, by triggering termination provisions or collateral delivery requirements in contracts to which the Group is a party) at a time when the Group’s ability to obtain liquidity from external sources is limited by such ratings action. | 56 | annual_report |
PosteItalianeSpA-AR_2018 | 3,885 | �� Receivables arising from electoral subsidies refer to compensation for previous years, for which provision has been made in the state budget. In 2018, after agreement was reached with the MEF regarding the release of the funds, a total of €55 million was made available, having been deposited by the MEF in a non-interesting bearing escrow account in Poste Italiane SpA’s name, held with the Treasury, in 2017; a further €27 million was also collected. | 75 | annual_report |
3700 | 2,611 | Effective May 9, 2007, Larry A. Frakes was hired as the Company’s President and Chief Operating Officer, as well as Chief Executive Officer of all of the Company Affiliates. Mr. Frakes’ four-year employment agreement includes several equity components including (a) the granting of $10.0 million of stock options, or 394,946 shares split evenly between time-based and performance-based options at the grant date market value of $25.32 per share; (b) an annual bonus program under which the first $0.5 million is paid in restricted stock based on the market value at December 31 of the subject Bonus Year; (c) the purchase of $1.0 million of the Company’s Class A common shares by Mr. Frakes; and (d) the requirement that, effective January 1, 2009, Mr. Frakes hold Class A common shares of the Company with a value of the lesser of two times his Annual Compensation or the sum of owned, granted, and vested Class A common shares. The time-based options vest at 25% on each December 31 of years 2008 through 2011. The performance-based options generally vest at the same rate based on the achievement of various Company financial performance goals. The restricted stock portion of the 2008, 2009, and 2010 bonuses vest at 25% per year each year after the bonus year, and awards for the 2010 bonus year and thereafter will vest at 33.3% per year each year after the bonus year. | 233 | 10K |
de_allianz-AR_2014 | 2,552 | For the calculation of the mCEV the projected future profits are discounted using risk-neutral discount rates, as the risks are already explicitly allowed for in the market-consistent valuation. Timedependent and scenario-dependent discount factors are applied. As a reference rate, the swap yield curve with appropriate adjustments for, e.g., credit risk and illiquidity, was used for determining the mCEV. The following table provides an overview of the discount rates for the CGUs in the Life/Health business segment: reFerence rates For the cgus In the lIFe/health busIness segment cgus in the Life/Health business segment | 92 | annual_report |
4419 | 2,146 | Premiums increased mainly driven by growth of our Medicare supplement insurance business. | 12 | 10K |
2188 | 1,169 | In 2001 Corporate-level activities included a $20 million charge offsetting the income earned by Prudential Securities as co-manager in the initial public offering of our Common Stock, which was included in adjusted operating income of our Financial Advisory segment. | 39 | 10K |
fr_axa-AR_2013 | 964 | Expenses decreased by €12 million (-1%) to €-2,285 million: ■ acquisition expenses decreased by €+36 million (-2%) | 17 | annual_report |
4028 | 588 | See Note 15 for information regarding the impact of derivatives on the Consolidated Statements of Income. | 16 | 10K |
2457 | 1,602 | In January 2003, the Financial Accounting Standards Board (the "FASB") issued Interpretation No. 46, "Consolidation of Variable Interest Entities" ("FIN No. 46"). In December 2003, the FASB issued a revised version of FIN 46 ("FIN 46R"), which incorporated a number of modifications and changes made to the original version. FIN 46R replaces the previously issued FIN No. 46 and, subject to certain special provisions, is effective no later than the first reporting period that ends after December 15, 2003 for entities considered to be special-purpose entities and no later than the end of the first reporting period that ends after March 15, 2004 for all other VIEs. Early adoption was permitted. The Company adopted FIN No. 46 and FIN 46R in the fourth quarter of 2003. Implementation of FIN No. 46 and FIN 46R resulted in the consolidation of two VIEs and increased total consolidated assets by $67.8 million at December 31, 2003. As required by FIN No. 46 and FIN 46R, the difference between the carrying amount of the assets and the fair value of the VIEs resulted in a cumulative effect of change in accounting principles, net of tax, of $7.5 million as of the date of adoption. | 200 | 10K |
SwissReCorporateSolutions-AR_2018 | 314 | Maturity of fixed income securities available-for-sale The amortised cost or cost and estimated fair values of investments in fixed income securities available-for-sale by remaining maturity are shown below. Fixed maturity investments are assumed not to be called for redemption prior to the stated maturity date. As of 31 December 2017 and 2018, USD 1 694 million and USD 1 689 million, respectively, of fixed income securities available-for-sale were callable. | 69 | annual_report |
5388 | 1,682 | In December 2016, the Company distributed to MetLife, Inc. as a non-cash extraordinary dividend all of the issued and outstanding shares of common stock of its wholly-owned subsidiaries, New England Life Insurance Company (“NELICO”) and General American Life Insurance Company (“GALIC”). The net book value of NELICO and GALIC at the time of the dividend was $2.9 billion, which was recorded as a dividend of retained earnings of $2.7 billion and a decrease to other comprehensive income of $254 million, net of income tax. As of the date of the dividend payment, the Company no longer consolidates the assets, liabilities and operations of NELICO and GALIC. | 106 | 10K |
5797 | 2,092 | The Company has engaged Arch Investment Management Ltd. (“AIM”), a Bermuda exempted company and a subsidiary of ACGL, as investment manager of assets in its investment grade portfolio pursuant to various investment management agreements. AIM manages the majority of | 39 | 10K |
SwissReAG-AR_1982 | 60 | Auditors Term to expire in Swiss Auditing and Fiduciary Company, Zuricfi 1985 | 12 | annual_report |
StorebrandASA-AR_2017 | 4,241 | Derivatives are recognised at fair value over pro�t or loss . Changes in the value of the hedged item that can be attributed to the hedged risk are adjusted in the book value of the hedged item and reconised in the income statement. | 43 | annual_report |
3722 | 796 | Changes in gross unrealized gains (losses) in our fixed maturity securities portfolio from December 31, 2007 through December 31, 2008 were primarily a result of widening spreads during 2008, particularly in mortgage-backed and asset-backed securities attributable to marketplace uncertainty arising from higher defaults in sub-prime and Alt-A residential mortgage loans. | 50 | 10K |
4977 | 2,724 | On behalf of the Company and MetLife, Inc.’s Chief Investment Officer and Chief Financial Officer, a pricing and valuation committee that is independent of the trading and investing functions and comprised of senior management, provides oversight of control systems and valuation policies for securities, mortgage loans and derivatives. On a quarterly basis, this committee reviews and approves new transaction types and markets, ensures that observable market prices and market-based parameters are used for valuation, wherever possible, and determines that judgmental valuation adjustments, when applied, are based upon established policies and are applied consistently over time. This committee also provides oversight of the selection of independent third party pricing providers and the controls and procedures to evaluate third party pricing. Periodically, the Chief Accounting Officer reports to the Audit Committees of Metropolitan Life Insurance Company’s and MetLife, Inc.’s Boards of Directors regarding compliance with fair value accounting standards. | 147 | 10K |
CNPAssurancesSA-AR_2008 | 287 | Ongoing winning growth strategy in the Pensions, Personal Risk and Loan Insurance segments | 13 | annual_report |
HannoverRueckSE-AR_2012 | 1,240 | Global reinsurance Treaty reinsurance worldwide The premium volume for our portfolio of global treaty reinsurance is expected to remain stable. | 20 | annual_report |
LloydsBankingGroupPLC-AR_2004 | 257 | The chief risk director, a member of the group executive committee, oversees and promotes the development and implementation of a consistent group wide risk management framework and provides objective challenge to the group executive committee. Group Risk supports the chief risk director in performing the role. | 46 | annual_report |
NatwestGroupPLC-AR_2014 | 2,627 | On a non-statutory basis, total income was £18,197 million, down 6% | 11 | annual_report |
AegonNV-AR_2002 | 1,312 | The following is a reconciliation of the nominal tax charge to the actual tax expense: Statutory tax rate 621 1,109 969 Increases (decreases) in taxes resulting from: Dividend income exclusions and credits –181 –286 –109 Depreciation of equipment and real estate –2 –3 –3 Valuation of technical provisions 0 2 0 Other, net –85 96 –24 | 56 | annual_report |
ch_zurich_insurance_group-AR_2013 | 438 | Members of the Board of Directors, as of December 31, 2013 | 11 | annual_report |
RaiffeisenBankInternationalAG-AR_2011 | 1,111 | Net interest income for the segment fell by 19 per cent year-on-year to € 229 million due in part to the maturity and sale of parts of the high-quality securities portfolio, which consists exclusively of top-rated securities. Net income thereof amounted to € 81 million in the year under review, down from € 97 million in the previous year. Moreover, the RBI AG investment portfolio was structured even more conservatively in the light of the European sovereign debt crisis in 2011. Net interest income decreased as a result of the decline in total business volume of highly liquid bonds from fi nancial institutions, the further reduction in various risk positions and a selective transaction selection. In addition, the restriction on trading limits in market risks, fl attening of the yield curve, and an ECB liquidity injection that reduced credit spreads on high-quality securities also contributed to the decline in net interest income. | 152 | annual_report |
4437 | 977 | Growth in net premiums earned in both 2011 and 2010 was primarily driven by the aforementioned increased motor and trade credit and bond writings. | 24 | 10K |
NatixisSA-AR_2009 | 261 | Mr. Philippe Sueur Date of birth: 07.04.1946 Natixis shares held: 1,000 | 11 | annual_report |
2665 | 6,214 | The Allstate Protection segment principally sells private passenger auto and homeowner's insurance, with earned premiums accounting for approximately 77% of Allstate's 2004 consolidated revenues. Allstate was the country's second largest insurer for both private passenger auto and homeowners insurance in 2004. Allstate Protection, through several companies, is authorized to sell certain property-liability products in all 50 states, the District of Columbia and Puerto Rico. The Company is also authorized to sell certain insurance products in Canada. For 2004, the top geographic locations for premiums earned by the Allstate Protection segment were Texas, California, New York and Florida. No other jurisdiction accounted for more than 5% of premiums earned for Allstate Protection. | 111 | 10K |
StorebrandASA-AR_2011 | 1,965 | Net pension cost recognised in profit and loss account in the period 268 225 | 14 | annual_report |
HelvetiaHoldingAG-AR_2012 | 2,581 | Männedorf / ZHOberland Alte Landstrasse 260, 8708 Männedorf 058 280 81 55 Stefan Bösiger | 14 | annual_report |
4121 | 4,683 | The Property-Liability investment portfolio increased to $34.53 billion at December 31, 2009, from $30.84 billion at December 31, 2008, primarily due to higher valuations for fixed income and equity securities from improved market conditions and operating cash flows. | 38 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2015 | 1,372 | Alior Bank and the outstanding amount from the purchase of tranche III of Alior Bank shares. | 16 | annual_report |
de_allianz-AR_2012 | 2,584 | Unearned premiums For short-duration insurance contracts, like most of the property and casualty contracts, premiums to be earned in future years are recorded as unearned premiums according to the insurance accounting provisions of US GAAP. These premiums are earned in subsequent periods in relation to the insurance coverage provided. | 49 | annual_report |
2670 | 2,808 | Net unfavorable prior year loss development impacted results by approximately $116 million ($64 million for our reinsurance business and $52 million for excess and surplus lines) in 2002. During 2002, company actuaries conducted reserve reviews to determine the impact of any emerging data on anticipated loss development trends and recorded unpaid losses and LAE reserves. Based on the actuarial work performed, which included analyzing recent trends in the | 68 | 10K |
INGGroepNV-AR_2007 | 1,913 | Gains and losses on the effective portions of derivatives designated under cash fl ow hedge accounting are recorded in Shareholders’ equity. Interest cash fl ows on these derivatives are recognised in the profi t and loss account in interest income consistently with the manner in which the forecast cash fl ows affect net profi t. The gains and losses on ineffective portions of such derivatives are recognised immediately in the profi t and loss account. | 75 | annual_report |
NatwestGroupPLC-AR_2007 | 4,323 | – less than one year 184,791 — — — 184,791 140,742 | 11 | annual_report |
524 | 129 | The company recorded no compensation expense relating to stock appreciation rights for the years ended December 31, 1996, 1995 and 1994, respectively. The Restricted Stock Plan authorizes the Board of Directors to make restricted stock awards to employees, officers and directors in such amounts as it shall determine. The stock issued pursuant to such awards is subject to restrictions on transferability for a period of five years. Such stock is subject to a five-year vesting schedule, and the company is required to repurchase all vested stock from a grantee if such grantee's employment with the company is terminated prior to the lapse of the transfer restrictions. The Restricted Stock Plan authorizes a maximum of 125,000 shares to be issued thereunder. No restricted stock awards have been granted pursuant to the Restricted Stock Plan. In conjunction with a previous bank borrowing, the company issued ten-year warrants to purchase a total of 170,002 shares of its common stocks as summarized in the following table: | 162 | 10K |
890 | 261 | Income Taxes. The Company's effective tax rate for the year ended December 31, 1997 was 11.8%, compared to 25.2% in 1996. The difference between the Company's effective tax rate and the current federal tax rate is due primarily to a $4.7 million tax benefit recorded as a result of a reduction of the deferred tax valuation allowance and the Company's portfolio of tax preferred investments. These benefits are more significant as a result of the charges related to the Physicians Corporation of America acquisition and start-up costs associated with the TRICARE contract. Excluding these costs, the effective tax rate for 1997 is 23.9%. See Note 9 of Notes to Consolidated Financial Statements. | 112 | 10K |
2017 | 864 | Platinum Holdings is a Bermuda reinsurance holding company organized on April 19, 2002. The Company provides property and marine, casualty and finite reinsurance coverages to a diverse clientele of insurers and select reinsurers on a worldwide basis. The Company operates through three licensed reinsurance subsidiaries: Platinum US, Platinum UK and Platinum Bermuda. | 52 | 10K |
fr_axa-AR_2007 | 5,173 | Impact of rate differences on notional tax charge (118) (68) (117) | 11 | annual_report |
3433 | 544 | •the $78 million gain on the sale of Stewart Smith in 2005, equivalent to 3 percentage points; and | 18 | 10K |
471 | 425 | (4) Certain reclassifications have been made to years prior to 1993 to comply with Statement of Financial Accounting Standards No. 113 "Accounting and Reporting for Reinsurance of Short-Duration and Long-Duration Contracts" which the Company implemented in the first quarter of 1993. | 41 | 10K |
GjensidigeForsikringASA-AR_2017 | 628 | The Nomination Committee started its preparations for the 2017 election already in autumn 2016. A total of eight meetings were held. In order to arrive at the best possible basis for its assessments, the Nomination Committee had conversations with the Chair of the Board, the board members and the CEO. | 50 | annual_report |
4917 | 6,532 | Our ERRM governance is supported with an analytic framework to manage significant insurance, investment, financial, strategic, and operational risk exposures and optimize returns on risk-adjusted capital. Management and the ERRC use enterprise stochastic modeling, risk expertise and judgment to determine an appropriate level of targeted enterprise economic capital to hold considering a broad range of risk objectives and external constraints. These include limiting risks of financial stress, insolvency, likelihood of capital stress and volatility, maintaining stakeholder value and financial strength ratings and satisfying regulatory and rating agency risk-based capital requirements. We generally assess solvency on a statutory accounting basis, but also consider GAAP volatility. Enterprise economic capital approximates a combination of statutory surplus and deployable invested assets at the parent holding company level. | 123 | 10K |
4030 | 1,401 | A 44% increase in sales of income products in 2009 generated higher premiums as customer demand shifted toward fixed income products. | 21 | 10K |
gb_lloyds_banking_grp-AR_2010 | 2,807 | Financial crime The risk of reductions in earnings and/or value, through financial or reputational loss, associated with financial crime and failure to comply with related legal and regulatory obligations, these losses may include censure, fines or the cost of litigation. | 40 | annual_report |
RSAInsuranceGroupPLC-AR_2020 | 2,243 | Financial assets are impaired according to either a debt, equity, or loans and receivables impairment model. The appropriate impairment model is determined based on the characteristics of each instrument. | 29 | annual_report |
AegonNV-AR_2011 | 6 | Contents 130 Consolidated financial statements of AEGON N.V. 132 Consolidated income statement 132 Consolidated statement of comprehensive income 133 Consolidated statement of financial position 134 Consolidated statement of changes in equity 135 Consolidated cash flow statement 138 Exchange rates 140 Notes to the consolidated financial statements of AEGON N.V. 142 Remuneration 303 | 52 | annual_report |
5064 | 523 | The selected consolidated financial information for the years ended December 31, 2015, 2014, and 2013, and at December 31, 2015, and 2014, has been derived in part from the Company’s audited consolidated financial statements included in Item 8. The selected consolidated income statement data for the years ended December 31, 2012, and 2011, and the selected consolidated balance sheet data at December 31, 2013, 2012, and 2011, have been derived in part from the Company’s consolidated financial statements not included elsewhere herein. | 82 | 10K |
5861 | 693 | •Recognition of revenue when, or as, we satisfy a performance obligation. | 11 | 10K |
AegonNV-AR_2010 | 588 | As a result of AEGON’s focus on core businesses, the funeral insurance business in the Netherlands was sold. A further reduction in expenses and investments in new capabilities will position the company for sustainable growth. | 35 | annual_report |
ScorSE-AR_2017 | 4,211 | Group business standards and practices are governed by Group policies and underlying guidelines established in a common format, by the three divisions (SCOR Global P&C, SCOR Global Life, SCOR Global Investments) and the central functions such as Group Internal Audit and the functions managed by the Group Chief Financial Officer, the Group Chief Operating Officer and the Group Chief Risk Officer respectively. Group policies are approved by the Group Executive Committee and for certain topics are submitted regularly to the relevant committees of the Board and, ultimately, to the Board of Directors of the Company. These Group policies are not intended to enumerate all the rules governing SCOR’s activities in the different countries in which the Group operates, but rather to establish certain principles intended to ensure that SCOR Group companies and employees share a common understanding of the Group’s standards and that they work in compliance with these standards. When approved, these documents are all made available to employees on the SCOR intranet on a dedicated page. | 168 | annual_report |
4211 | 1,087 | Commission and brokerage decreased 8.0% to $192.1 million in 2009 as compared to $208.9 million in 2008. The variance was principally the result of lower earned premiums and changes in the mix of business. Segment other underwriting expenses in 2009 increased slightly to $24.6 million compared to $24.2 million in 2008. | 51 | 10K |
SwissReCorporateSolutions-AR_2016 | 781 | Risks relating to credit rating downgrades Ratings are an important factor in establishing the competitive position of insurance companies. Third-party rating agencies assess and rate the financial strength insurers such as Swiss Re. These ratings are intended to measure a company’s ability to repay its obligations and are based upon criteria established by the rating agencies. Ratings may be revised downward or revoked at the sole discretion of the rating agencies. | 71 | annual_report |
NatixisSA-AR_2009 | 5,583 | REICH & TANG ASSET MANAGEMENT, LLC Asset Management FC 100 100 89 89 USA | 14 | annual_report |
4755 | 961 | The following discussion and analysis reflects the consolidated results of the Company and its subsidiaries for the years ended December 31, 2013, 2012 and 2011. | 25 | 10K |
ScorSE-AR_2017 | 5,097 | ●● The collective agreements are concluded for a positive impact, in particular on the working conditions of employees and on the economic performance of the Company. | 26 | annual_report |
5947 | 756 | (2)Net of any previous Rescission and Claim Denials that were reinstated during the period. Such reinstated Rescissions and Claim Denials may ultimately result in a paid claim. | 27 | 10K |
NatwestGroupPLC-AR_2015 | 6,146 | (2014 - £53 million) were deferred and £53 million (2014 - £139 million) were recognised in the income statement. | 19 | annual_report |
4742 | 1,097 | The fair values of derivative assets and liabilities include adjustments for market liquidity, counterparty credit quality, and other deal specific factors, where appropriate. The fair values of derivative assets and liabilities traded in the over-the-counter market are determined using quantitative models that require the use of multiple market inputs including interest rates, prices, and indices to generate continuous yield or pricing curves and volatility factors. The predominance of market inputs are actively quoted and can be validated through external sources. Estimation risk is greater for derivative financial instruments that are either option-based or have longer maturity dates where observable market inputs are less readily available or are unobservable, in which case quantitative based extrapolations of rate, price, or index scenarios are used in determining fair values. As of December 31, 2013, the Level 3 fair values of | 137 | 10K |
NatixisSA-AR_2019 | 8,625 | Flexstone Partners SARL (ex-Euro Private Equity)* (l) Asset Management FC 84 84 100 100 Switzerland | 15 | annual_report |
89 | 312 | Real estate operations resulted in a loss after taxes of $2 million in both 1994 and 1993 and income of $10 million in 1992. Results continue to be adversely affected by progressively higher portions of interest being charged directly to expense rather than being capitalized and by provisions for possible uncollectible receivables related to mortgages. In addition, 1994 results were adversely affected by higher interest rates. Results in 1993 were adversely affected by a $3 million tax charge related to the federal corporate tax rate increase. Revenues were $205 million in 1994 compared with $161 million in 1993 and $150 million in 1992. Revenue growth in 1994 was primarily due to higher levels of rental income on owned properties. | 119 | 10K |
fr_axa-AR_2006 | 5,465 | Key Management and Directors At December 31, 2006, there was one loan outstanding from a banking subsidiary of the Company to a member of AXA’s Management Board. The loan was for an amount of €200,000, bearing interest at a rate of 4.58% annually and had a 10-year term. The loan was made in the ordinary course of business of the Company’s banking subsidiary at prevailing market terms and conditions. | 69 | annual_report |
5376 | 1,774 | (1) Net realized investment gains (losses) on investments related to our SPCs are recognized in the earnings of our Corporate segment and the portion of earnings related to the gain or loss, net of our participation, is distributed back to the cells through our SPC dividend expense (income). To be consistent with our exclusion of net realized investment gains (losses) recognized in earnings, we are excluding the portion of net realized investment gains (losses) that is included in SPC dividend expense (income). | 82 | 10K |
1986 | 394 | During the year, liabilities decreased by $784 million from $21.226 billion to $20.442 billion. Separate account liabilities decreased $1.310 billion as a result of net investment losses of $1.388 billion, expense disbursements and other changes of $244 million offset by net sales of $322 million. Current year net sales of $322 million ($1.540 billion of contributions less $1.218 billion of surrenders and withdrawals) are $918 million lower than the same period prior year sales of $1.240 billion ($2.376 billion of contributions less $1.136 billion of surrenders and withdrawals). The primary reason for the decrease is declines in Discovery Select annuity product ("Discovery Select") exchange sales resulting from the discontinuation of the Exchange Program on May 1, 2000. The Exchange Program had provided the contract holders of older Prudential Insurance or Pruco Life annuity products an opportunity to convert to the Discovery Select product. Annuity product net sales declined $1.118 billion while variable life insurance sales grew $200 million from the prior year. | 162 | 10K |
AvivaPLC-AR_2020 | 657 | • Market risks result from fluctuations in asset values, including equity prices, property prices, foreign exchange, inflation and interest rates. | 20 | annual_report |
4724 | 867 | We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the Company’s internal control over financial reporting as of December 31, 2013, based on criteria established in Internal Control - Integrated Framework (1992) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), and our report dated March 3, 2014 expressed an adverse opinion on the effectiveness of the Company’s internal control over financial reporting. | 75 | 10K |
AssicurazioniGeneraliSpA-AR_2014 | 2,104 | In order to ensure an effective management of risks which could undermine the solvency position of the Group and of the Business Units or the achievement of the Group’s objectives, the Board of Directors11 adopted the “Internal Control and Risk Management System” and the “Risk Management Policy”. In order to guarantee a consistent approach and to monitor the management of risks throughout the Group, the adoption of these policies is required to all Group subsidiaries. | 75 | annual_report |
ASRNederlandNV-AR_2014 | 911 | The significant inputs for retail valuations, are the reversionary yield and the market or reviewed rental value. These inputs are generally verified with the following observable data (that are adjusted to reflect the state and condition, location, development potential etc. of the specific property): • market rent per square metre, for renewals; • reviewed rent per square metre (based on the rent reviews performed in accordance with Section 303, Book 7 of the Netherlands Civil Code). | 76 | annual_report |
5743 | 904 | Under the $250.0 million secured letter of credit facility, Arch Capital’s subsidiaries had $225.4 million of letters of credit outstanding and remaining capacity of $24.6 million at December 31, 2019. In addition, certain of Arch Capital’s subsidiaries had outstanding secured and unsecured letters of credit of $18.1 million and $195.0 million respectively, which were issued in the normal course of business. There were no outstanding revolving credit agreement borrowings at December 31, 2019 and 2018. | 75 | 10K |
5339 | 885 | Other income was $0.4 million for the period of January 1, 2015 to January 31, 2015, primarily due to fees on variable universal life funds. | 25 | 10K |
NatwestGroupPLC-AR_2014 | 2,452 | Group and RBS Capital Resolution (RCR) separately until disposal or wind-down. No business lines were moved to RCR so comparative data has not been restated. Non-Core was dissolved on 31 December 2013. | 32 | annual_report |
1921 | 598 | For the year ended December 31, 2000, time-based options to purchase 17,865,957 of management shares were outstanding. The exercise price of these options was established based on management's estimate of the fair value of these options on the measurement dates. In addition, the Predecessor's shares were not publicly traded during this period and, in the opinion of management, the average market value was not in excess of the exercise price. Accordingly, such options had no dilutive nor antidilutive effect on net income per share for the year ended December 31, 2000. | 91 | 10K |
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