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de_allianz-AR_2015 | 961 | Loadings and fees Loadings and fees include premium and reserve based fees, unitlinked management fees, and policyholder participation in expenses. | 20 | annual_report |
3558 | 710 | The changes in the weighted average yield on cash and invested assets are attributable to the items affecting net investment income noted above. The decrease in weighted average interest crediting rate is due to a decrease in credited rates on both direct and assumed business. | 45 | 10K |
171 | 402 | December 31, 1995 1994 (In Thousands) Internally developed software $210,686 $154,992 Purchased software 26,265 32,305 236,951 187,297 Less: Accumulated amortization (90,969) (68,676) Capitalized software costs, net $145,982 $118,621 | 28 | 10K |
2446 | 1,134 | During 2004 the Company’s gross loss on the sale of fixed maturity and equity securities amounted to $1.3 million and $1.9 million, respectively. The fair value of the fixed maturity and equity securities at the time of sale was $30.7 million and $7.5 million, respectively. During 2003 the Company’s gross loss on the sale of fixed maturity and equity securities amounted to $0.7 million and $0.8 million, respectively. The fair value of the fixed maturity and equity securities at the time of sale was $20.1 million and $4.4 million, respectively. The decision to sell these securities was based upon management’s assessment of economic conditions. | 104 | 10K |
3691 | 2,270 | During the quarter ended December 31, 2007, the Company committed to a plan of sale of its interest in TBG Financial. Based on management’s determination that the carrying value of this business exceeded its estimated fair value (less estimated cost to sell), the Company recorded a $23.4 million loss, net of taxes. During 2008, the Company completed the sale of its interest in TBG Financial for $41.3 million in cash and potential additional consideration in the form of an earnout provision, resulting in the Company recording an additional loss of $13.2 million, net of taxes. | 95 | 10K |
2196 | 878 | We periodically evaluate whether the declines in fair value of our investments are other-than-temporary. Our evaluation consists of a review of qualitative and quantitative factors. We also consider additional factors to determine whether the declines in fair value are other-than-temporary, such as downgrades of the security by a rating agency, deterioration in the financial condition of the issuer, and other publicly available issuer-specific news or general market conditions. For investments in companies with no quoted market price, we consider similar qualitative and quantitative | 83 | 10K |
4378 | 1,133 | AARP Program-related Investments. AARP Program-related investments consist of debt and equity securities held to fund costs associated with the AARP Program and are priced and classified using the same methodologies as the Company’s other securities. | 35 | 10K |
4384 | 507 | Adjusted presentation - We believe that the adjusted presentation of our 2011, 2010 and 2009 statements of earnings, presented on the following pages, provides stockholders and other interested persons with useful information regarding certain of our financial metrics that may assist such persons in analyzing our operating results as they develop a future earnings outlook for us. The after-tax amounts related to the adjustments were computed using the effective tax rate for each respective period. | 75 | 10K |
1727 | 698 | The maximum availability under the amended and restated credit agreement has been reduced to $117 million at December 31, 2001 from $135 million at the end of 2000 due to required reductions in the agreement. At December 31, 2001, the Company has $28 million available under the agreement; however, the total availability will be reduced by $6.0 million on June 30, 2002 and December 31, 2002 and finally by $10.0 million on June 30, 2003. The amount available under the credit facility can be further reduced by 80% of net proceeds from certain asset sales and excess cash flow, as well as 100% of the net proceeds of any new debt or equity issuance, excluding any issuance by CII, as defined in the amended and restated credit agreement. | 128 | 10K |
5364 | 1,159 | Going forward, we expect CMS, the OIG, the DOJ, other federal agencies and the U.S. Congress to continue to scrutinize closely each component of the Medicare program (including Medicare Advantage, PDP, demonstration projects such as Medicare-Medicaid plans and provider network access and adequacy), modify the terms and requirements of the program and possibly seek to recast or limit private insurers’ role. It is not possible to predict the outcome of this Congressional or regulatory activity, any of which could adversely affect us. | 82 | 10K |
fr_axa-AR_2005 | 4,709 | Loans/Guarantees/Capital Contributions The Company, from time to time, makes capital contributions and/or loans to its subsidiaries and affiliates to finance their business operations. As at December 31, 2005, the aggregate amount outstanding in respect of loans made by the Company to its subsidiaries or affiliates was approximately €2.5 billion. This amount represents approximately forty separate loans originated at different times and bearing interest at varying rates that generally reflected prevailing market rates at the respective dates such loans were originated. In order to facilitate certain intra-group financing arrangements, support credit ratings of its subsidiaries, and/or to promote efficient use of the Group’s capital resources generally, the Company, from time to time, guarantees repayment of loans extended from one of its subsidiaries to another and/or guarantees other obligations of its subsidiaries. As of December 31, 2005, the principal amount of such intra-group loans guaranteed by the Company was €1,874 million and the aggregate liabilities covered by the other guarantees extended to its subsidiaries was approximately €2,709 million. The beneficiaries of these guarantees are generally required to compensate the Company at a negotiated rate based on prevailing market rates and conditions for guarantees of a similar nature. In addition, from time to time, the Company provides comfort or similar letters to rating agencies and/or regulators for the benefit of its subsidiaries for various business purposes, including facilitating specific transactions, achieving target ratings levels and, more generally, helping develop the business of these subsidiaries. At December 31, 2005, there were no loans outstanding from the Company to any members of AXA’s Management Board or Supervisory Board. For additional information concerning commitments and guarantees given by the Company, see Note 29 “Contingent assets and liabilities and unrecognized contractual commitments”. | 285 | annual_report |
gb_prudential-AR_2007 | 2,442 | For term business, acquisition costs are deferred and amortised in line with expected premiums. For annuity business, acquisition costs are deferred and amortised in line with expected gross profits on the relevant contracts. For interest-sensitive business, the key assumption is the expected long-term spread between the earned rate and the rate credited to policyholders, which is based on an annual spread analysis. In addition, expected gross profits depend on mortality assumptions, assumed unit costs and terminations other than deaths (including the related charges) all of which are based on a combination of actual experience of Jackson, industry experience and future expectations. A detailed analysis of actual experience is measured by internally developed mortality and persistency studies. For variable annuity business, the key assumption is the expected long-term level of equity market returns, which for 2007 and 2006 was 8.4 per cent per annum implemented using a mean reversion methodology. These returns affect the level of future expected profits through their effects on the fee income and the required level of provision for guaranteed minimum death benefit claims. | 177 | annual_report |
2931 | 571 | industry aggregates approximately $5.7 billion in direct written premiums, comprised of approximately $4.3 billion in surety premiums and $1.4 billion in fidelity premiums. | 23 | 10K |
gb_prudential-AR_2008 | 2,288 | Excluding these short-term effects, the factors that most significantly affect the Jackson IFRS operating result based on longterm investment returns are: • Variable annuity business – net effect of market risk arising from the incidence and valuation guarantee features and variability of asset management fees offset by derivative hedging performance. The net effect of market risk in Jackson’s guarantees and derivatives included in operating result excludes the impact of changes in market implied volatility. Further movements in reserves for guarantees reflected in operating result are also based on a long-term average Corporate AA credit curve instead of the actual Corporate AA credit curve at the valuation date; • fixed annuity business – the spread differential between the earned rate and the rate credited to policyholders; and • fixed index annuity business – the spread differential between the earned rate and the rate credited to policyholders and incidence of equity index participation features, net of the related hedging performance. | 158 | annual_report |
3263 | 747 | This Form 10-K may contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve a number of risks and uncertainties including, without limitation, those identified under Item 1A. “Risk Factors” and elsewhere in this Form 10-K. We undertake no obligation to revise any forward-looking statements in order to reflect events or circumstances that may arise after the date of this report. Readers are urged to carefully review and consider the various disclosures made in this report and in our other filings with the SEC that attempt to advise interested parties of the risks and factors that may affect our business. | 110 | 10K |
AvivaPLC-AR_2016 | 2,441 | Other required reporting Consistency of other information and compliance with applicable requirements Companies Act 2006 reporting | 16 | annual_report |
nl_ing_grp-AR_2010 | 826 | Various funds were launched for global sales. These funds included the ING (L) Invest Renta Fund Europe High Yield (produced by the Global Credit boutique), the ING (L) Invest Commodity Enhanced Fund and the ING (L) Invest Brazil Focus Fund. | 40 | annual_report |
4183 | 6,333 | Although the U.S. economy is recovering, the potential for another economic downturn remains. | 13 | 10K |
AegonNV-AR_2016 | 649 | The impact of these requirements and any future regulations regarding investment advisors or other investment products, including proposed liquidity management rules and rules designed to enhance the regulation of the use of derivatives by registered investment companies, is still under review and cannot be predicted at this time. | 48 | annual_report |
PhoenixGroupHoldingsPLC-AR_2012 | 449 | Capital resources2 1.3 0.8 Capital resource requirements3 (0.3) (0.4) PLHL ICA surplus (estimated) 1.0 0.4 2 Capital resources includes the surplus over capital policy in the life companies, a prudent assessment of the present value of future profits of Ignis Asset Management and the net assets of the Holding Companies less pension scheme obligations calculated on an economic basis. | 59 | annual_report |
INGGroepNV-AR_2012 | 5,425 | MATURITY PROFILE Outstandings by tenor bucket The table below shows the outstanding of ING Bank by tenor. The figures assume that no new credit risks are introduced into the portfolio and that there are no delays in repayments associated with non-performing loans, nor are there write offs associated with provisions. The portfolio runoff is implied by the difference in the figures between two periods. | 64 | annual_report |
AvivaPLC-AR_2016 | 5,375 | 46 – Tax assets and liabilities This note analyses the tax assets and liabilities that appear in the statement of financial position and explains the movements in these balances in the year. | 32 | annual_report |
4501 | 1,084 | In conjunction with the eReinsure acquisition in 2011, the Company initially recorded goodwill of $32.1 million. During 2011, the Company made preliminary adjustments to goodwill based on information available regarding the values of assets and liabilities of eReinsure as of the acquisition date. These adjustments reduced the amount of goodwill by $6.0 million and increased other intangible assets by $7.3 million and increased deferred tax liabilities by $1.3 million. The Company will determine the final valuation for eReinsure in 2012. | 80 | 10K |
HiscoxLtd-AR_2012 | 1,520 | The final and interim dividends were either paid in cash or issued as a scrip dividend at the option of the shareholder. The final dividend for the year ended 31 December 2011 was paid in cash of £44,301,000 (2010: £31,803,000) and 562,194 shares for the scrip dividend (2010: 3,227,459). | 49 | annual_report |
2084 | 972 | The Company has separated, for financial reporting purposes, the Carolina Group and Loews Group. The following schedules present the consolidating condensed financial information for these individual groups. Neither group is a separate company or legal entity. Rather, each group is intended to reflect a defined set of assets and liabilities. | 50 | 10K |
3878 | 4,010 | Includes $1.4 billion, $5 million and $(720) million at December 31, 2008, 2007 and 2006, respectively, related to the effect of net unrealized gains and losses on available for sale securities. | 31 | 10K |
5028 | 1,341 | Our combined ratio for 2013 of 92.4% reflected a 55.5% loss and LAE ratio and a 36.9% expense ratio, and represented a significant improvement over the combined ratio reported for 2012 of 97.5%, consisting of a 57.4% loss and LAE ratio and a 40.1% expense ratio. | 46 | 10K |
HiscoxLtd-AR_2008 | 1,212 | Weighted average number of ordinary shares in issue (thousands) 377,506 395,308 Adjustments for share options (thousands) 13,351 13,530 | 18 | annual_report |
590 | 458 | In November 1996, the Company invested $10,000,000 in a municipal security trading partnership. The primary focus of the partnership is municipal arbitrage. Municipal arbitrage is an investment strategy which attempts to capitalize on the certain anomilies which tend to occur in the municipal bond market. Such inefficiencies are arbitraged through a disciplined use of futures, options and municipal bond positions. | 60 | 10K |
RSAInsuranceGroupPLC-AR_2017 | 2,077 | We communicated identified laws and regulations throughout our team and remained alert to any indications of noncompliance throughout the audit. This included communication from the Group to component audit teams of relevant laws and regulations identified at group level, with a request to report on any indications of potential existence of irregularities in these areas, or other areas directly identified by the component team. | 64 | annual_report |
LloydsBankingGroupPLC-AR_2013 | 3,147 | The Group’s accounting policy for loan renegotiations and forbearance is set out in note 2 on page 213. | 18 | annual_report |
fr_axa-AR_1999 | 4,704 | In addition, DLJ enters into commitments in extend credit to non-investment grade borrowers in connection with the origination and syndication of senior bank debt. At December 31, 1999, unfunded senior bank loan commitments outstanding amounted to | 36 | annual_report |
TopdanmarkAS-AR_2015 | 311 | On 23 September 2013, the EU Commission decided that If P & C Insurance Holding Ltd (publ) de facto is in control of Topdanmark. As a consequence of this special situation, it has been agreed that Topdanmark’s Executive Board earns a compensation over three years, representing six months' salary for each qualifying year. Christian Sagild and Lars Thykier have earned this compensation during the years 2013-2015. Marianne Wier and Brian Rothemejer Jacobsen will earn the compensation during the years 2016-2018. The compensation will be paid on resignation. | 87 | annual_report |
1900 | 727 | The SFAS 142 impairment testing process includes two phases. The first phase (Test 1) compares the fair value of each reporting unit to its book value. The fair value of each reporting unit is determined by using discounted cash flow analysis, market approach valuations and third-party valuation advisors. If the fair value of the reporting unit exceeds its book value, the goodwill is not considered impaired and no additional analysis is required. However, if the book value is greater than the fair value, a second test (Test 2) must be completed to determine if the fair value of the goodwill exceeds the book value. The fair value of the goodwill is determined by discounted cash flow analysis and appraised values. If the fair value is less than the book value, an impairment is considered to exist and, in the initial year of adoption, will be recorded as a cumulative effect of a change in accounting principle. | 156 | 10K |
863 | 407 | Deferred income taxes of $3.1 million consisted of federal and state income taxes that are anticipated to be recovered in future years. At this time, this asset is expected to be fully recoverable. | 33 | 10K |
4656 | 1,513 | Activity within VOBA was as follows for the years ended December 31, 2012, 2011 and 2010. | 16 | 10K |
4269 | 747 | The decrease in Health Benefits earnings from operations for 2009 was primarily due to a $166 million reduction in investment and other income and a decrease in commercial business, partially offset by the growth in lower margin public and senior markets businesses. Health Benefits’ operating margins decreased due to the factors that decreased earnings from operations. | 56 | 10K |
HiscoxLtd-AR_2019 | 569 | Monthly video-linked ‘box meetings’, regular social events and a popular social media group all reinforce this sense of togetherness. This connectedness has definitely produced results – our Iberia unit has been a standout success in recent years. | 37 | annual_report |
StorebrandASA-AR_2007 | 473 | Storebrand insists that external recruitment consultants put forward both male and female candidates on short lists for management recruiting. | 19 | annual_report |
543 | 683 | Premiums receivable include as of December 31, 1996 and 1995 an estimated $15.0 million for amounts due the Company with respect to the prior operation of a governmental managed care program of which $10.0 million was recorded as Other Income for the year ended December 31, 1995. | 47 | 10K |
NatwestGroupPLC-AR_2016 | 3,597 | The results of stress tests are not only used widely across the | 12 | annual_report |
ASRNederlandNV-AR_2018 | 3,279 | The operating expenses of a.s.r. bank are excluded from the operating expenses as a result of the classification as ‘held for sale’ (see chapter 7.4.6). | 25 | annual_report |
LloydsBankingGroupPLC-AR_2011 | 568 | the success of the exercise was a tribute to the way in which colleagues throughout the Community banks worked together. the branch experience involved colleagues from halifax and bank of scotland working in lloyds tsb branches. this practical hands-on experience saw communities working together, sharing knowledge and experience that was an essential ingredient to colleagues learning. | 56 | annual_report |
SwissReAG-AR_1909 | 2 | lary and Fidelity Guarantee Dept|. Premium Reserve Frs. 7,246,854. — Reserve for outstanding losses and pro | 16 | annual_report |
TrygAS-AR_2005 | 238 | Large claims, comprising three property claims, were at a slightly higher level than in a normal year but were more than offset by run-off gains of DKK 164m. | 28 | annual_report |
StandardLifeAberdeenPLC-AR_2014 | 1,889 | (u) Insurance and investment contract liabilities For insurance contracts and participating investment contracts, IFRS 4 Insurance Contracts permits the continued application, for measurement purposes, of previously applied Generally Accepted Accounting Principles (GAAP), except where a change is deemed to make the financial statements more relevant to the economic decision-making needs of users and no less reliable, or more reliable, and no less relevant to those needs. The Group therefore adopts UK GAAP, including the requirements of Financial Reporting Standard 27 Life Assurance in relation to its UK-regulated with profits funds, for the measurement of its insurance and participating investment contract liabilities. As permitted under UK GAAP, the Group adopts local regulatory valuation methods, adjusted for consistency with asset measurement policies, for the measurement of liabilities under insurance contracts and participating investment contracts issued by overseas subsidiaries. | 136 | annual_report |
3166 | 641 | Total liabilities increased by $2.560 billion, from $27.608 billion at December 31, 2005 to $30.168 billion at December 31, 2006. Corresponding with the asset change, separate account liabilities increased by $2.858 billion, as described above. Policyholder account balances decreased by $310 million, primarily due to continued maturities and surrenders of guaranteed investment contracts in 2006. Future policy benefits and other policyholder liabilities increased by $318 million, primarily due to increases to life reserves as a result of sales and renewals of term products, increased reserves for the Taiwan business, increased guaranteed minimum death and income reserves in the annuity business from growth and aging of the business. The Company’s short-term debt from affiliates used to provide short-term working capital decreased by $81 million from $106 million at December 31, 2005 to $25 million at December 31, 2006, due to repayments. Total securities lending activity decreased by $278 million from $426 million at December 31, 2005. The relative amounts of cash collateral for loaned securities and securities sold under agreements to repurchase decreased $255 million and $23 million, respectively. | 178 | 10K |
3395 | 819 | On May 29, 2007, the Company completed a public debt offering of $300 million of 6.90%, Subordinated Debt. The Subordinated Debt has a final maturity on June 1, 2067, is non-callable at par for the first 10 years and is subject to a replacement capital covenant. The covenant limits replacement of the Subordinated Debt for the first 40 years to be redeemable only with securities, which carry equity-like characteristics that are the same as or more equity-like than the Subordinated Debt. The principal amount of the Subordinated Debt is payable at final maturity. Interest is payable semi-annually at 6.90% in June and December for the first 10 years and quarterly thereafter at a floating rate equal to three-month LIBOR plus 2.51%. StanCorp has the option to defer interest payments for up to five years. StanCorp management chose to make the first scheduled interest payment of $10.5 million in December 2007. StanCorp used approximately $30 million of the proceeds from the sale of the Subordinated Debt to fund the acquisition by StanCorp Real Estate, LLC (a wholly owned subsidiary) of certain real estate assets from Standard and $227.7 million to repurchase approximately 4.6 million shares of common stock. The Company intends to use the remaining debt proceeds to repurchase additional shares of its common stock and for general corporate purposes. | 219 | 10K |
4722 | 1,592 | On August 22, 2012, we issued six million shares of 8.25% Preference Shares - Series A, par value $0.01 per share, at $25 per share. The Company received net proceeds of $145.0 million from the offering, after deducting expenses and underwriting discounts of $5.0 million. The Preference Shares - Series A have no stated maturity date and are redeemable in whole or in part at the option of the Company any time on or after August 29, 2017 at a redemption price of $25 per share plus any declared and unpaid dividends, without accumulation of any undeclared dividends. | 98 | 10K |
4883 | 5,733 | Non-contributory defined contribution retirement plans for eligible general agents and sales agents provide supplemental payments based upon earned agency first year individual life and annuity commissions. Contributions to these plans in 2014 were $0.1 million (2013 - $0.1 million; 2012 - $0.1 million). Non-contributory deferred compensation plans for eligible agents based upon earned first year commissions are also offered. Contributions to these plans in 2014 were $0.3 million (2013 - $0.3 million; 2012 - $0.5 million). | 76 | 10K |
PosteItalianeSpA-AR_2019 | 9,603 | The procedures performed on the NFS were based on our professional judgement and consisted in interviews, primarily of company personnel responsible for the preparation of the information presented in the NFS, analyses of documents, recalculations and other procedures designed to obtain evidence considered useful. | 44 | annual_report |
RaiffeisenBankInternationalAG-AR_2007 | 2,180 | The current values of collateral and other risk mitigation effects are calculated with each credit assessment as well. For the calculation of risk mitigation effects, the value accounted for is the value Raiffeisen International expects to receive when selling the collateral within a reasonable liquidation period. Eligible collaterals are defined in the Group’s collateral catalogue and evaluation guidelines for collateral. The respective value of the collateral is calculated via specified methods, which include standardised calculations based on market values, predefined discounts, or expert assessments. | 84 | annual_report |
4577 | 1,114 | There were no material transfers between Levels I, II and III during the years ended December 31, 2012, 2011 and 2010. The significant decline in plan assets measured using Level III inputs as of December 31, 2012 was primarily due to the sale of an equity partnership. | 47 | 10K |
NatixisSA-AR_2016 | 2,156 | Furthermore, in line with the provisions of the AFEP-Medef the two years prior to leaving the Company. The fulfillment of these criteria will be verified by the Board of Directors. | 30 | annual_report |
5634 | 13,401 | Summary of the volume and fair value positions of derivative instruments as of December 31, 2018 | 16 | 10K |
347 | 361 | Holdings has entered into employment agreements with certain executives which grant the executives the right to receive certain benefits, including base salary, should such executives be terminated other than for cause. | 31 | 10K |
gb_prudential-AR_2017 | 3,149 | The free‑standing, other than equity‑related derivatives, are held to manage interest rate exposures and durations within the general account and the variable annuity guarantees and fixed index annuity embedded options described in note (a) above. Accounting mismatches arise because of differences between the measurement basis and presentation of the derivatives, which are fair valued with movements recorded in the income statement, and the exposures they are intended to manage. | 69 | annual_report |
ch_zurich_insurance_group-AR_2017 | 616 | External appointments In September 2017 he was appointed nonexecutive chairman of the board of Aggregate Asset Management. Since January 2016 he has also been an independent director of the board of Wilmar International Limited, Singapore. In addition, he serves on boards and councils of several institutions in Singapore, Europe and North America, including Yale’s President’s Council on International Activities (PCIA), the University of Bocconi International Advisory Committee, the World Economic Forum’s Global Agenda Council on Geoeconomics, and as chairman of the Lee Kuan Yew World City Prize Nominating Committee. | 89 | annual_report |
5329 | 1,624 | The following table summarizes our audited results of operations for the years ended December 31, 2016 and 2015: | 18 | 10K |
4098 | 1,488 | The decrease in net investment income of $112 million was primarily due to a $317 million decrease from lower yields, partially offset by a $205 million increase from growth in average invested assets. Yields were adversely impacted by the severe downturn in the global financial markets, which primarily impacted other invested assets, real estate joint ventures and fixed maturity securities. In addition, income from our securities lending program decreased primarily due to the smaller size of the program in 2009. The growth in the average invested asset base was primarily from an increase in net flows from our individual life, non-medical health, and group life businesses. The moderate recovery in equity markets in 2009 led to improved yields on other limited partnership interests, which partially offset the overall reduction in yields. To manage the needs of our intermediate to longer-term liabilities, our portfolio consists primarily of investment grade corporate fixed maturity securities, structured finance securities (comprised of mortgage and asset-backed securities), mortgage loans, and U.S. Treasury, agency and government guaranteed fixed maturity securities and, to a lesser extent, certain other invested asset classes | 183 | 10K |
1358 | 217 | A summary of our premiums and product charges is as follows: | 11 | 10K |
4987 | 1,057 | We own a 50% interest in a joint venture, Berkadia Commercial Mortgage LLC (“Berkadia”), with Leucadia National Corporation (“Leucadia”) owning the other 50% interest. Berkadia is a servicer of commercial real estate loans in the U.S., performing primary, master and special servicing functions for U.S. government agency programs, commercial mortgage-backed securities transactions, banks, insurance companies and other financial institutions. A significant source of funding for Berkadia’s operations is through the issuance of commercial paper. Repayment of the commercial paper is supported by a $2.5 billion surety policy issued by a Berkshire insurance subsidiary. Leucadia has agreed to indemnify us for one-half of any losses incurred under the policy. As of December 31, 2014, the aggregate amount of Berkadia commercial paper outstanding was $2.47 billion. | 124 | 10K |
AegonNV-AR_2016 | 5,408 | Total financial liabilities at fair value through profit or loss 7,926 43,413 9,852 40,981 | 14 | annual_report |
4028 | 609 | In determining the liabilities for GMDB, GMIB and the life contingent benefits associated with GMWB, RiverSource Life projects these benefits and contract assessments using actuarial models to simulate various equity market scenarios. Significant assumptions made in projecting future benefits and assessments relate to customer asset value growth rates, mortality, persistency and investment margins and are consistent with those used for DAC asset valuation for the same contracts. As with DAC, management reviews, and where appropriate, adjusts its assumptions each quarter. Unless management identifies a material deviation over the course of quarterly monitoring, management reviews and updates these assumptions annually in the third quarter of each year. | 106 | 10K |
3674 | 3,300 | The interest rates on the other floating rate notes are based on LIBOR and the U.S. Consumer Price Index. Interest rates ranged from 2.7% to 8.7% in 2008 and 2.7% to 7.5% in 2007. | 34 | 10K |
RaiffeisenBankInternationalAG-AR_2013 | 1,040 | The performance of the CGUs is evaluated as follows: Profitability | 11 | annual_report |
5284 | 1,315 | Our investment returns for the years ended December 31, 2016, 2015 and 2014 were as follows: | 16 | 10K |
3523 | 1,078 | In the past, cash flows from our insurance operations have been sufficient to meet current needs. Cash flows from operating activities were $37.9 million, $39.1 million and $34.5 million for the years ended December 31, 2007, 2006, and 2005, respectively. We have traditionally also had significant cash flows from both scheduled and unscheduled investment security maturities, redemptions, and prepayments. These cash flows, for the most part, are reinvested in fixed income securities. Net cash outflows from investment activity totaled $58.8 million, $33.6 million and $22.6 million for the years ended December 31, 2007, 2006 and | 95 | 10K |
StandardLifeAberdeenPLC-AR_2013 | 466 | Equity and property risk • Changes in the value of future profits earned on unit linked funds and collective investment schemes where the funds are invested in equities and property | 30 | annual_report |
NatixisSA-AR_2019 | 1,703 | Natixis’ performance — underlying net income, Group share 1,370 1,607 1,715 1,372 1,344 | 13 | annual_report |
4366 | 802 | Net cash used for financing activities was $1.0 billion in 2011 compared with $1.1 billion of net cash used for financing activities in 2010. The Company reduced outstanding debt by approximately $100 million, $550 million and $10 million in 2011, 2010 and 2009, respectively. | 44 | 10K |
AdmiralGroupPLC-AR_2015 | 2,773 | 1.5 Employee share schemes The Company operates a number of share schemes for its employees. For equity settled schemes commencing 1 January 2004 and after, the fair value of the employee services received in exchange for the grant of free shares under the schemes is recognised as an increase in equity in the Company. | 54 | annual_report |
1894 | 661 | In October 2001, the FASB issued Statement of Financial Accounting Standards No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets" ("SFAS 144"). SFAS 144 addresses financial accounting and reporting for the impairment or disposal of long-lived assets and supersedes SFAS 121 and the accounting and reporting provisions of Accounting Principles Board Opinion No. 30, "Reporting the Results of Operations -- Reporting the Effects of Disposal of a Segment of a Business, and Extraordinary, Unusual and Infrequently Occurring Events and Transactions", for the disposal of a segment of business (as previously defined in that Opinion). SFAS 144 also amends Accounting Research Bulletin No. 51, "Consolidated Financial Statements," to eliminate the exception to consolidation for a subsidiary for which control is likely to be temporary. The objectives of SFAS 144 are to address significant issues relating to the implementation of SFAS 121 and to develop a single accounting model, based on the framework established in SFAS 121, for long-lived assets to be disposed of by sale, whether previously held and used or newly acquired. ACL adopted SFAS 144 in the first quarter 2002. The provisions of SFAS 144 did not have an impact on Danielson's financial statements during the year ended December 27, 2002. | 204 | 10K |
ASRNederlandNV-AR_2009 | 1,393 | Net result attributable to holders of equity instruments -560 48 -128 -640 5.4 Technical result The technical result before realized results for the group’s own account includes the insurance premiums, allocated investment income less insurance costs (claims), distribution and operating costs. The investment revenues include rental income, interest income, dividends and revaluations. The revaluations relate to realized value adjustments to investments available for sale and real estate investments, as well as the gains and losses on financial instruments recognized at fair value through profit or loss. | 86 | annual_report |
5652 | 955 | Reimbursed expenses - Client reimbursable expenses, including those relating to travel, other out-of-pocket expenses and any third-party costs, are included in revenue, and an equivalent amount of reimbursable expenses is included in other operating expenses as a cost of revenue as incurred. Reimbursed expenses represented approximately 1% of customer contract revenue for the year ended December 31, 2018. Taxes collected from customers and remitted to government authorities are recorded net and are excluded from revenue. | 75 | 10K |
ScorSE-AR_2017 | 5,141 | The Group has implemented proportionate processes both in terms of reduction and recovery of its waste production on its main locations. In this respect, SCOR selectively monitors its waste, particularly the most toxic products for the environment (electronic and computer waste, batteries, ink cartridges and toners, etc.). The production of paper and cardboard waste is also monitored and consolidated throughout the Group, although the reinsurance industry uses less paper than the insurance industry due to less desktop publishing. | 78 | annual_report |
RSAInsuranceGroupPLC-AR_2011 | 651 | Geographical breakdown of CO2e emissions for 2011 (Tonnes of CO2e *) | 11 | annual_report |
4465 | 878 | · Premiums - Earned premiums and net written premiums rose in 2011, primarily due to an $85 million increase in renewal written premiums that reflected the effects of slowly improving economic conditions and improved pricing. Premium growth initiatives that helped new business written premiums grow $18 million in 2011 also contributed to earned and net written premium growth. Earned and net written premiums were up in 2011 despite the partially offsetting effect of $24 million for ceded premiums to reinstate coverage layers of our property catastrophe reinsurance treaty. | 88 | 10K |
2873 | 987 | The Company currently uses foreign currency forward contracts in its investment portfolios to minimize the effect of fluctuating foreign currencies and to gain exposure to interest rate differentials between differing market rates. Foreign currency forward contracts purchased are not specifically identifiable against cash, any single security or any groups of securities and, therefore, do not qualify and are not designated as a hedge for financial reporting purposes. Realized and unrealized gains (losses) on foreign currency forward contracts that are purchased as part of the Company’s investment strategies are recognized in realized gains (losses) in the statements of operations. | 98 | 10K |
5635 | 780 | In addition to net income, we have consistently utilized non-GAAP operating income, a non-GAAP financial measure commonly used in the life insurance industry, as an economic measure to evaluate our financial performance. Non-GAAP operating income equals net income adjusted to eliminate the impact of items that fluctuate from year to year in a manner unrelated to core operations, and we believe measures excluding their impact are useful in analyzing operating trends. The most significant adjustments to arrive at non-GAAP operating income eliminate the impact of fair value accounting for our fixed index annuity business and are not economic in nature but rather impact the timing of reported results. In addition, 2017 includes a $35.9 million adjustment to arrive at non-GAAP operating income resulting from the Tax Cuts and Jobs Act of 2017, which was enacted on December 22, 2017 and required a revaluation of our net deferred tax assets from 35% to 21%. We believe the combined presentation and evaluation of non-GAAP operating income together with net income provides information that may enhance an investor's understanding of our underlying results and profitability. | 182 | 10K |
1532 | 408 | (3) Estimates of allocated, as well as unallocated, loss adjustment expense liabilities determined by applying percentage factors to the unpaid loss reserves, with such factors determined on a by-line basis based on past results of paid loss expenses to paid losses. | 41 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2003 | 1,966 | Change in other underwriting provisions – Provision for future policy benefits 673 215 12 34 1,328 3,034 27 27 2,040 3,310 | 21 | annual_report |
fr_axa-AR_2017 | 2,593 | Risk Management: Risk Management is a local responsibility, in accordance with GRM standards and guidelines. The roles and responsibilities of local Risk Management teams are validated jointly by the Executive Committees of local entities and the Group’s Chief Risk Off icer to ensure a better alignment of central and local interests. | 51 | annual_report |
AvivaPLC-AR_2009 | 3,989 | Income from associates predominantly relates to our investments in the Royal Bank of Scotland (RBS) life and collective investment companies listed in note 19(b). Under management service agreements with these associates, our UK life insurance companies provide administration services, the cost of which is recharged to the RBS companies. In addition, our fund management companies provide fund management services to these associates, for which they charge fees based on the level of funds under management. Movements in loans made to our associates may be found in note 19. | 88 | annual_report |
4455 | 1,122 | Commissions and fees. Commissions and fees are typically paid to third-party producers who are affiliated with the Company’s businesses. Commissions and fees are also paid to producers who utilize the services of one or more of the Company’s life brokerage entities, including the Company’s life settlements brokerage entities. Additionally, commissions and fees are paid to producers who provide referrals and specific product expertise. When earnings are generated solely by a principal, no commission expense is incurred because principals are only paid from a share of the cash flow of the business through fees to principals. However, when income is generated by a third-party producer, the producer is generally paid a portion of the commission income, which is reflected as commission expense. Rather than collecting the full commission and remitting a portion to a third-party producer, a business may include the third-party producer on the policy application submitted to a carrier. The carrier will, in these instances, directly pay each named producer their respective share of the commissions and fees earned. When this occurs, the business will record only the commissions and fees it receives directly as revenue and have no commission expense. As a result, the business will have lower revenue and commission expense and a higher income from operations as a percentage of revenue. Dollars generated from income from operations will be the same. The transactions in which a business is listed as the sole producer and pays commissions to a third-party producer, compared with transactions in which the carrier pays each producer directly, will cause NFP’s income from operations as a percentage of revenue to fluctuate without affecting income from operations. In addition, within the ASG, NFPSI pays commissions to the Company’s affiliated third-party distributors who transact business through NFPSI. | 292 | 10K |
NatwestGroupPLC-AR_2016 | 9,223 | England or other central banks, continued sustained low or negative interest rates or any divergences in monetary policy approach between the Bank of England and other major central banks could put further pressure on the Group’s interest margins and adversely affect the Group’s profitability and prospects. A | 47 | annual_report |
RSAInsuranceGroupPLC-AR_2015 | 37 | We have tightened our strategic focus onto three core regions; the UK & Ireland, Scandinavia and Canada. | 17 | annual_report |
NatwestGroupPLC-AR_2019 | 1,377 | In compliance with the Code, the pension allowance rates for executive directors under the 2020 policy have been aligned with those of the wider RBS workforce, currently 10% of base salary (2). The rate may be increased or reduced in order to remain aligned with the wider RBS workforce. | 49 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011 | 1,440 | Business combinations 4 13 disposals loss of control 260 6 impairment losses reversed 7 19 depreciation and impairment losses impairment losses 57 37 carrying amount at 31 dec. financial year 3,889 4,247 accumulated depreciation and accumulated impairment losses at 31 dec. financial year 1,014 895 gross carrying amount at 31 dec. financial year 4,903 5,142 | 55 | annual_report |
LloydsBankingGroupPLC-AR_2016 | 3,368 | We also considered whether certain recent events and macro-economic factors (e.g. continued volatility and uncertainty around commodity prices, sterling exchange rate movements and further reduction in interest rates) had been appropriately considered and captured. | 34 | annual_report |
AegonNV-AR_2004 | 2,753 | • Forward rate agreements/futures are commitments to purchase or sell a financial instrument at a future date for a specific price. | 21 | annual_report |
de_allianz-AR_2004 | 1,592 | United States, economic growth will be constrained by the trade and budget deficits and by the fact that consumer spending will likely increase only moderately due to the high debt burden of private households and rising interest rates. Based on our observations, Japan’s economy will follow a similar pattern. Following growth of nearly 2.6 % in 2004, we are expecting a growth rate of only 1 % in 2005. | 69 | annual_report |
2003 | 343 | The All Other segment contains the runoff risk-bearing environmental and general liability operations from the 1980's, primarily written in the state of California. The segment also includes the Company's runoff risk-bearing workers' compensation operations primarily written in the state of Florida in the early 1990's. | 45 | 10K |
SwissReAG-AR_2014 | 371 | Reinsurance Reinsurance is swiss Re’s largest business in terms of income and the foundation of our strength, providing about 85% of gross premiums and fee income through two segments — property & Casualty and Life & health. The unit aims to extend swiss Re’s industryleading position with disciplined underwriting, prudent portfolio management and diligent client service. | 56 | annual_report |
4529 | 24,138 | Management’s discussion and analysis reviews our consolidated financial condition at December 31, 2012 and 2011; our consolidated results of operations for the years 2012, 2011 and 2010; and, where appropriate, factors that may affect our future financial performance. This discussion should be read in conjunction with “Item 6: Selected Financial Data” and our consolidated financial statements in this Annual Report on Form 10-K. | 63 | 10K |
NatixisSA-AR_2019 | 1,126 | Management and oversight of corporate governance 59NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019www.natixis.com | 11 | annual_report |
SwissReAG-AR_2017 | 3,154 | Total 49 497 3 145 –398 52 244 Corporate debt securities 39 510 3 218 –136 42 592 Mortgage- and asset-backed securities 4 271 162 –19 –2 4 412 | 29 | annual_report |
ScorSE-AR_2008 | 67 | For Casualty business, the frequency and severity of claims and the related indemnifi cation payment amounts can be affected by several factors. The most signifi cant factors are the changing legal and regulatory environment, including changes in civil liability law. Additionally, due to the length of amicable, arbitral and court procedures, the Casualty business is exposed to infl ation risks regarding the assessment of claim amounts and potentially to so-called emerging risks, which are risks considered to be new or at least known but which are subject to constant evolution such as EMF (Electro Magnetic Fields). | 96 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006 | 1,256 | We apply such criteria in our operational ecology as well: Munich Re Munich and Victoria have had their environmental management systems certified to EMAS (EU Eco-Management and Audit Scheme) and to ISO 14001, a standard to which DAS UK is also certified. The ERGO Insurance Group has significantly increased its environmental commitment as a whole. | 55 | annual_report |
StandardLifeAberdeenPLC-AR_2020 | 2,730 | • The ability to value tax losses and other tax assets also affects the tax charge. We have not recognised a deferred tax asset of £7m on tax losses arising in the year due to uncertainty as to when these losses will be utilised. In addition, we have recognised £2m of previously unrecognised deferred tax assets due to evidence of their current or future utilisation. | 65 | annual_report |
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