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2526
1,169
For the year ended December 31, 2004, realized gains on disposal of fixed maturities, excluding hedging adjustments, were $297.2 million. These gains resulted from managing the portfolios for tax optimization and ongoing portfolio
33
10K
INGGroepNV-AR_2014
5,960
Net result 1,251 Addition to reserves pursuant to Article 37 (4) of the Articles of Association 781 At the disposal of the General Meeting of Shareholders pursuant to Article 37 (5) of the Articles of Association 470
37
annual_report
SwissReAG-AR_2001
100
Life & Health (in charge from Business Group 1 July 2002)
11
annual_report
2429
819
The fair values of the note payable to financial institution approximates its carrying amount based upon its variable interest rate and comparability to rates currently being offered for similar notes.
30
10K
4749
847
The CLOs managed by the Company contain a diversified portfolio of middle market leveraged loans carried at estimated fair value. In general, the fair value of leveraged loans are obtained from an independent pricing service which provides secondary coverage of market participants. The values represent a composite of m...
108
10K
AegonNV-AR_2013
1,511
In 2011, Caja Cantabria Vida y Pensiones entered into a SIP
11
annual_report
RaiffeisenBankInternationalAG-AR_2015
1,787
WB EDIF First Loss Portfolio Guarantee Raiffeisenbank Austria d.d., Zagreb (HR)
11
annual_report
PosteItalianeSpA-AR_2020
1,634
y Possible access to new markets and new customer segments requiring insurance coverage y Advantages deriving from the greater reliability of the supply chain and Poste Italiane’s improved ability to operate in various conditions compared to its competitors
38
annual_report
LloydsBankingGroupPLC-AR_2011
1,761
– Business Area policy: local policy which is produced by exception where a greater level of detail is needed by a business area than is appropriate for group-level policy.
29
annual_report
ASRNederlandNV-AR_2015
2,429
Insurance claims and benefits -5,541 -5,197 -5,113 Insurance claims and benefits recovered from reinsurers 291 100 110
17
annual_report
4530
1,008
The Company’s revenue is derived from insurance agency and brokerage services. The Company, through its VIEs in the PRC, sells insurance products to customers, and obtains commissions from the respective insurance companies according to the terms of each insurance company service agreement. The Company recognizes reven...
220
10K
gb_lloyds_banking_grp-AR_2016
3,952
Performance-based compensation expense deferred until later years comprises: Awards made in respect of the year ended 31 December 123 114 152
21
annual_report
INGGroepNV-AR_2011
1,221
Tenure The contract of employment for Executive Board members provides for an appointment for a period of four years and allows for reappointment by the General Meeting. In the case of an involuntary exit, Executive Board members are eligible for an exit-arrangement limited to one-year base salary.
47
annual_report
LloydsBankingGroupPLC-AR_2003
385
In Central group items there was a credit of £7 million, little changed from a credit of £6 million in 2001; these credits represent the release of provisions following the repayment of medium-term debt in the emerging markets portfolio.
39
annual_report
ch_zurich_insurance_group-AR_2018
2,018
Net change in reserves for unearned premiums 10 (224) (79) Net earned premiums and policy fees 41,007 41,057 Farmers management fees and other related revenues 26 3,204 2,892
28
annual_report
1027
258
We believe that cash flow generated by our operations and our cash and investment balances will be sufficient to fund continuing operations, principal repayments and debt service on our outstanding Senior Notes, including principal repayments of $2.5 million due in December 1999, and capital expenditures for the next 1...
50
10K
SwissLifeHoldingAG-AR_2012
55
In 2012 Swiss Life generated an overall segment profit from operations of CHF 346 million (2011: CHF 699 million). The result was impacted by one-off effects, especially the impairment of AWD’s intangible assets. Adjusted profit from operations rose 26% to CHF 993 million.
43
annual_report
2716
1,599
We currently own and occupy our executive offices located at 9151 Grapevine Highway, North Richland Hills, Texas 76180-5605 comprising in the aggregate approximately 281,000 square feet of office and warehouse space. In addition, we lease office space at various locations.
40
10K
PhoenixGroupHoldingsPLC-AR_2020
3,299
• net other one-off items totalling a cost of £13 million.
11
annual_report
4554
1,175
The Company did not acquire any impaired mortgage loans during the years ended December 31, 2012 and 2011. The Company had $16.9 million and $20.3 million of mortgage loans, gross of valuation allowances, that were on a nonaccrual status at December 31, 2012 and 2011, respectively.
46
10K
gb_prudential-AR_2013
5,772
The total number of securities available for issue under the scheme is 1,873,315 which represents 0.073 per cent of the issued share capital at 31 December 2013.
27
annual_report
3562
1,789
In March 2007, we declared and paid dividends to our stockholders amounting to $2.4 million.
15
10K
NatwestGroupPLC-AR_2017
5,291
Lombard Corporate Finance (10) Ltd BF FC The Quadrangle, The Promenade, Cheltenham, GL50 1PX, England
15
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014
1,765
On 1 August 2014, via its subsidiary ERGO International AG, Düsseldorf, Munich Re acquired 100% of the voting shares in SHC Insurance Pte. Ltd., Singapore, which in October was renamed ERGO Insurance Pte. Ltd. (ERGO Insurance), Singapore. The purchase price was S$ 117m (€69m). It was paid in cash and fully financed fro...
101
annual_report
de_allianz-AR_2005
720
Following completion of the tender offer and further purchases of RAS shares outside the tender offer, the Allianz Group increased its ownership to 76.3 % of the total ordinary and savings shares of
33
annual_report
StandardLifeAberdeenPLC-AR_2017
1,834
How are the performance metrics set? Long-term financial targets Long-term financial targets (excluding Investment performance) are three-year cumulative targets based on adding the discrete oneyear figures from the relevant budget and operating plan approved by the Board each year. This ensures that meaningful and cha...
150
annual_report
4064
1,393
The benefit payments are based on the same assumptions used to measure the Company’s benefit obligation at the end of 2009 and reflect benefits attributable to estimated future service.
29
10K
5668
2,417
contracts that were considered “in the money” was $715 million and $888 million, respectively. For GMWBs and guaranteed annuitization benefits, the only way the contractholder can monetize the excess of the benefit base over the account value of the contract is through lifetime withdrawals or lifetime income payments a...
50
10K
ch_zurich_insurance_group-AR_2015
2,270
Table 7.3 sets out gains and losses arising from fair value hedges: Q4_2015_12_AR15_Consolidated_financial_statements_v118_en.indd 188 23.02.2016 09:33:50
16
annual_report
fr_axa-AR_2007
6,872
PERSoN RESPoNSIBlE foR fINANCIAl INfoRmAtIoN Denis Duverne Member of the Management board, group chief Financial Officer
16
annual_report
4201
1,387
Indemnity is due $25 million from EFL in the form of a surplus note that was issued in 2003. The note may be repaid only out of unassigned surplus of EFL. Both principal and interest payments are subject to prior approval by the Pennsylvania Insurance Commissioner. The note bears an annual interest rate of 6.7% and wil...
88
10K
2574
705
Effective January 1, 2004, Potomac ceased its participation in the Pool and no longer has any assumed liabilities, real or contingent. At the time of de-pooling, Potomac also entered into a transfer and assumption agreement which effectively transferred all its direct liabilities to OneBeacon. Potomac remains contingen...
65
10K
StandardLifeAberdeenPLC-AR_2020
3,946
In the year ended 31 December 2020 there were sales to joint ventures of £10m (2019: £1m) and purchases from joint ventures of £nil (2019: £1m). In addition to these transactions between the Group and related parties during the year, in the normal course of business the Group made a number of investments into/divestmen...
118
annual_report
PhoenixGroupHoldingsPLC-AR_2011
300
£500 million to £600 million of these targeted cash flows are expected to be generated in 2012.
17
annual_report
AegonNV-AR_2009
2,167
Group becomes a party to the contractual provisions of the instrument and are classified for accounting purposes depending on the characteristics of the instruments and the purpose for which they were purchased.
32
annual_report
4473
7,145
The effective tax rate for 2011, 2010 and 2009 was 5.9%, 29.1% and (125.0%), respectively. The principal cause of the difference between the effective rate and the U.S. statutory rate of 35% in 2011 was the dividend received deduction and a decrease in the valuation allowance. The principal cause of the difference betw...
93
10K
AegonNV-AR_2011
1,947
Fluctuations in currency exchange rates may affect AEGON’s reported results of operations.
12
annual_report
3295
672
Favorable net prior year development of $36 million was recorded in 2007, including $25 million of favorable claim and allocated claim adjustment expense reserve development and $11 million of favorable premium development. Favorable net prior year development of $66 million, including $61 million of favorable claim an...
59
10K
5542
587
Shareholders’ Equity. Our shareholders’ equity was $12,632,666 as of December 31, 2018, a decrease of $1,303,036 from our December 31, 2017 shareholders’ equity of $13,935,702. The reduction in shareholders’ equity was driven by a reduction in other comprehensive income and our net loss during the period. Other compreh...
131
10K
NatwestGroupPLC-AR_2008
748
Total manufacturing costs 4,793 4,481 3,773 Allocated to divisions (4,793) (4,481) —
12
annual_report
4145
1,491
$88.8 million in favorable development due primarily to lower than expected claim emergence from underwriting years 2005-2008 in Latin America ($27.5 million), Europe ($21.6 million), Bermuda ($20.6 million) and US ($13.8 million).
32
10K
HannoverRueckSE-AR_2018
1,320
In the period from 1994 to 2002 he served as the company’s Chief Financial Officer. During this time he acquired superb knowledge of the company and he is equipped with extensive professional expertise in the topics that fall within the scope of responsibility of the Finance and Audit Committee. With this in mind, the ...
68
annual_report
4629
1,713
Interest expense includes costs related to the Company’s debt and collateral facilities and does not include deposit liability accretion which is included in Net investment results - structured products.
29
10K
SwissReCorporateSolutions-AR_2017
193
Foreign exchange −20 90 Effect of acquisitions, disposals, new retroactive reinsurance and other items 18 88
16
annual_report
HiscoxLtd-AR_2003
628
During the year the Group has contributed to the scheme at the rate of 23.1% of pensionable salaries plus an additional contribution of £7,000,000. From 1 January 2004, the Group is making contributions to the scheme at the rate of 22.6% of pensionable salaries plus an additional contribution of £2,766,000 per annum.
52
annual_report
StorebrandASA-AR_2018
2,158
NOK million 31.12.18 31.12.17 Present value of insured pension liabilities 1,018 994 Fair value of pension assets -913 -928 Net pension liabilities/assets insured scheme 105 66 Asset ceiling 5 Present value of unsecured liabilities 213 267 Net pension liabilities recognised in statement of financial position 317 338
47
annual_report
NatixisSA-AR_2008
10,725
The table below gives details of the amount of issue premiums for each of the operations impacting on the capital.
20
annual_report
5643
947
Profitability of our long-tailed products is affected by claims experience related to mortality and morbidity, resolutions, investment returns, premium rate increases, and persistency. We believe that the interest adjusted loss ratios for the individual disability and long-term care lines of business will be relatively...
249
10K
LloydsBankingGroupPLC-AR_2012
5,618
A. Maximum credit exposure The maximum credit risk exposure of the Group in the event of other parties failing to perform their obligations is detailed below. no account is taken of any collateral held and the maximum exposure to loss, which includes amounts held to cover unit-linked and With Profits funds liabilities,...
74
annual_report
DirectLineInsuranceGroupPLC-AR_2019
2,982
Receivables arising from insurance contracts: Due from policyholders 684.8 740.4 Impairment provision of policyholder receivables (1.0) (0.9) Due from agents, brokers and intermediaries 111.5 82.9 Impairment provision of agent, broker and intermediary receivables (0.2) (0.5) Amounts due from reinsurers1 10.1 13.5
41
annual_report
4142
1,310
Since the Company’s formation and through December 31, 2009, it has completed 266 acquisition transactions, including 46 sub-acquisitions. All of these transactions have been accounted for using the purchase method, and their related net assets and results of operations were included in NFP’s consolidated financial sta...
98
10K
PowszechnyZakladUbezpieczenSA-AR_2020
548
At the same time, market concentration measured by the periodic gross written premium remained high. During the last year, the sequence of the four largest market players has not changed and their combined share rose to 71.2%.
37
annual_report
1442
2,701
General expenses, taxes and commissions to agents totaled approximately $29.9 million in fiscal 2000 as compared to approximately $23.7 million in fiscal 1999 and approximately $19.3 million in fiscal 1998. This represents an increase of approximately 26.2% comparing fiscal 2000 to fiscal 1999 and an increase of approx...
119
10K
fr_axa-AR_2019
2,785
Chief Executive Off icer, the Board of Directors decided to maintain the position of Senior Independent Director, in particular due to the qualification of non-independent director of the Chairman of the Board of Directors.
34
annual_report
4570
899
In 2012, includes $0.1 billion payment under the Freddie Mac settlement agreement (See Note 20 - “Litigation and Contingencies”).
19
10K
TrygAS-AR_2011
670
Mr Bergqvist has international management and board experience in M&A, strategic development, marketing, branding and financial management.
17
annual_report
4402
1,086
The United Fire Group, Inc. 2008 Stock Plan (the “2008 Stock Plan”) authorizes the issuance of restricted and unrestricted stock awards, stock appreciation rights, incentive stock options, and non-qualified stock options for up to 1,900,000 shares of our common stock to employees, with 653,511 authorized shares availab...
138
10K
BaloiseHoldingLtd-AR_2006
5,340
Gross premiums written and policy fees 3,055.4 3,783.7 6,839.1 3,065.1 3,651.4 6,716.5
12
annual_report
gb_prudential-AR_2001
127
Summary 2001 has been another year of considerable success and achievement for the Group and the benefits of our strategy of diversification by product and distribution channel internationally are very clear. The implementation and delivery of this strategy has, of course, been made possible by the hard work and drive ...
68
annual_report
ScorSE-AR_2008
1,286
15.2 Total amounts set aside or accrued to provide pension, retirement, or similar benefi ts for fi nancial year 2008 No retirement benefi t (or commitment) has been paid to the directors.
32
annual_report
2901
1,183
Net earnings of our insurance company segment increased 20% to $128.5 million in 2005 compared to $107.4 million in 2004, which in turn increased 44% from $74.4 million in 2003. The 2005 net earnings included $75.2 million of after-tax losses related to hurricanes and a commutation, while 2004 net earnings included $21...
183
10K
NatixisSA-AR_2019
278
In 2019, Natixis Investment Managers continued to stronglyV enhance its brand visibility through high-level media engagement and global partnerships with thought leadership groups, such as the PRI, G7 Investor Leadership Network, World Economic Forum, Dow Jones, and others. Natixis Investment Managers remains committed...
59
annual_report
4424
1,599
A claim liability is recorded on the balance sheet when there is evidence that deterioration has occurred and the net present value of our expected losses for a particular policy exceeds the unearned premium reserve for that policy. The claim liability reported is net of estimated salvage and subrogation, which may res...
57
10K
Sampoplc-AR_2003
339
Shares and votes The Articles of Association state that Sampo plc’s share capital can be at minimum EUR 30,105,638.84 and at maximum EUR 120,422,555.30. On 31 December, 2003, the company’s share capital was EUR 93,162,650.32 divided into 553,919,965 shares, of which 552,719,965 were A shares and 1,200,000 were B shares...
160
annual_report
5758
669
Retention by independent agencies. Amounts retained by independent agencies are based on agreements between the agencies and our title underwriters. Amounts retained by independent agencies, as a percentage of revenues generated by them, averaged 82.3%, 82.4% and 82.4% in 2019, 2018 and 2017, respectively. The average ...
185
10K
NatixisSA-AR_2013
1,158
Director First appointed: Co-opted by the Board on 02.22.2011 and ratifi ed at the CSM of 05.26.2011 Term expires: 2015 AGM (b)
22
annual_report
SwissLifeHoldingAG-AR_2004
2,274
As statutory auditors, we have audited the accounting records and the financial statements (statement of income, balance sheet and notes, pages 149 to 153) of Swiss Life Holding for the year ended 31 December 2004.
35
annual_report
3968
547
In each of the years 2007 through 2009, net income was affected by certain significant, unusual, and nonrecurring nonoperating items. We do not view these items as components of core operating results because they are not indicative of past performance or future prospects of the insurance operations. A discussion of th...
53
10K
5034
2,470
Total estimated net assets are generally as at November 30 for hedge fund affiliates and September 30 for private investment fund affiliates.
22
10K
4501
996
The costs of acquiring new business and retaining existing business, principally commissions, premium taxes and certain underwriting and marketing costs that vary with and are primarily related to the production of new business, have been deferred and are being amortized as the related premium is earned. Amortization o...
115
10K
gb_lloyds_banking_grp-AR_2009
6,895
Cash fl ows for undated subordinated liabilities whose terms give the Group the option to redeem at a future date are included within the table on the basis that the Group will exercise its option to redeem.
37
annual_report
5542
543
On October 11, 2018 the Company entered into a stock purchase agreement with Great Western Insurance Company to acquire Great Western Life Insurance Company. The transaction closed on December 14, 2018. USALSC paid $500,000 to acquire all of the outstanding shares of GWLIC.
43
10K
BaloiseHoldingLtd-AR_2006
702
VORABDRUCKThis segment comprises companies for reinsurance, special investments and fi nancing as
12
annual_report
ch_zurich_insurance_group-AR_2018
3,361
c) Contingent share capital (as specified in Article 5ter of the Articles of Association) Financial Instruments The share capital of Zurich Insurance Group Ltd may be increased by an amount not exceeding CHF 3,000,000 by issuing of up to 30,000,000 fully paid registered shares with a nominal value of CHF 0.10 each by t...
176
annual_report
SwissReAG-AR_2006
2,514
Maximum amount of risk that can be accepted in insurance. One factor in determining capacity is government regulations that define minimum solvency requirements. Capacity also refers to the amount of insurance coverage allocated to a particular policyholder or in the marketplace in general.
43
annual_report
5682
818
The Company cedes insurance risk to other insurance companies. This arrangement allows us to minimize the net loss potential arising from large risks. Reinsurance contracts do not relieve the Company of its obligation to its policyholders. Reinsurance premiums, losses, and loss adjustment expenses are accounted for on ...
67
10K
2604
1,177
On January 1, 2004 (the "Merger Date"), the Company simultaneously redomesticated from Delaware to Iowa, changed its name from Golden American Life Insurance Company to ING USA Annuity and Life Insurance Company, and merged the following affiliates into the Company: Equitable Life Insurance Company of Iowa ("Equitable ...
104
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008
1,581
To provide for efficient risk management, Munich Re has established specific risk management functions and bodies. The Integrated Risk Management (IRM) Division supervises risk management Group-wide, building on the decentralised risk management structures in all units of the Group. It is headed by the Group Chief Risk...
113
annual_report
4730
710
Claims and claim adjustment expenses in 2012 were $14.68 billion, $1.60 billion or 10% lower than in 2011. The decrease primarily reflected (i) a decline in catastrophe losses, (ii) lower levels of
32
10K
AvivaPLC-AR_2019
4,737
CGU International Holdings BV Ordinary 100 Commercial Union Corporate Member Limited
11
annual_report
NatwestGroupPLC-AR_2013
4,333
Dividends paid (5) — (40) Movements in available-for-sale securities - unrealised gains 8 3 1 - recycled to profit or loss on disposal of businesses (3) (5) — — Equity raised — 875 — Equity withdrawn and disposals (1,429) (23) (421) Transfer from retained earnings — 361 —
48
annual_report
5491
3,675
The increase in the combined ratio reflected an increase in the loss ratio slightly offset by a decrease in the expense ratio.
22
10K
HelvetiaHoldingAG-AR_2012
1,104
Income from unit-linked investments 40.2 – 20.2 36.2 – 21.9 55.3 – 5.1 2.8 0.1 2.8 0.5 0.0 – – – 137.3 – 46.6
24
annual_report
3246
3,086
On a cash basis, the Company paid $ 1,469, $13, and $ 77,453 in interest expense for the years 2006, 2005 and 2004, respectively. The Company paid $ 503,214, $ 0, and $ 110,000 in federal income tax for 2006, 2005 and 2004, respectively.
44
10K
5412
1,578
The following table provides quantitative data regarding all Insurance Subsidiaries' dividends paid to the Parent in 2017 for debt service, shareholder dividends, and general operating purposes:
26
10K
3407
1,199
On December 12, 2007, River Lake V delivered to GLAIC a $550.0 million Letter of Credit and Reimbursement Agreement (the “LOC Agreement”) entered into and among River Lake V, as account party, Genworth, as guarantor, and a third-party bank that serves as the administrative agent. Genworth guarantees the complete and ti...
82
10K
SwissLifeHoldingAG-AR_2009
1,005
Individual compensation is made up of a basic salary and variable short-, medium- and long-term salary components as well as contributions to occupational provisions and risk insurance. The basic salary is determined according to the employee’s function and skill set, and is annually re-assessed and adjusted if appropr...
102
annual_report
BaloiseHoldingLtd-AR_2005
684
amount of compensation to members of the Board of Directors and salaries of Corporate Executive Committee members. It formulates an incentive plan setting forth high-level corporate goals and defining attainment of these goals.
33
annual_report
3577
3,909
At December 31, 2007, 2006 and 2005, the discontinued operations’ gross reserves for environmental-related losses were $877,000, $1.5 million and $1.3 million, respectively ($364,000, $1.1 million and $900,000, net of reinsurance, respectively). Of the net environmental reserves, approximately $373,000 related to IBNR ...
63
10K
4776
658
During the year ended December 31, 2013, our investing activities used $144,154,000 of cash compared to using $25,894,000 of cash in 2012 because purchases of investments increased $165,980,000 in 2013 compared to 2012 as we invested our excess operating cash.
40
10K
4090
1,004
NOTE 10. Reserve for Known and Incurred But Not Reported Claims:
11
10K
2573
1,097
(Loss) Income Per Share: Basic earnings per share (“EPS”) is computed by dividing net income available to common stockholders by the weighted average common shares outstanding for the period. Diluted EPS is calculated by adding to shares outstanding the additional net effect of potentially dilutive securities or contra...
71
10K
SwissReAG-AR_1982
276
Of the total amount of Sw. frs. 176.3 million, Sw. frs. 174.4 million was for bank balances. The major part of this amount is invested short-term in the principal currencies for our business activity and is used to meet current obli­ gations on time.
44
annual_report
RSAInsuranceGroupPLC-AR_2015
2,355
The Group defines its ORSA as a series of inter-related activities by which it establishes: • the quantity and quality of the risks which it seeks to assume; • the level of capital required to support those risks; and
39
annual_report
ScorSE-AR_2010
2,992
SCOR Holding (UK) Ltd United Kingdom 100.00 100.00 100.00 100.00 Full SCOR Insurance (UK) Ltd United Kingdom 100.00 100.00 100.00 100.00 Full SCOR PCC Ltd United Kingdom 100.00 100.00 100.00 100.00 Full SCOR Switzerland AG Switzerland 100.00 100.00 100.00 100.00 Full
41
annual_report
875
433
Net Investment Income. Net investment income within the property and casualty insurance operation was $178.3 million, $138.9 million and $111.6 million in 1998, 1997 and 1996, respectively. Significantly higher invested assets, due primarily to the acquisitions of Unicare and Industrial, resulted in increased investmen...
78
10K
CNPAssurancesSA-AR_2000
136
During 2001, the range of products distributed by the French Treasury network was further enhanced with the addition of two new products. Trésor Epargne, a combination product, now includes a unit-linked offer eligible for inclusion in PEP portfolios. Trésor Capitalisation, an endowment contract with no front-end fees,...
54
annual_report
5754
732
Level III - Unobservable inputs that are supported by little or no market activity and are significant to the fair value of the assets or liabilities. Unobservable inputs reflect the reporting entity’s own assumptions that market participants would use in pricing the asset or liability. Level III assets and liabilities...
84
10K
AvivaPLC-AR_2007
3,212
However, the Group’s net exposure to such liabilities is not significant and, on the basis of current information and having regard to the level of provisions made for general insurance claims, the directors consider that any costs arising are not likely to have a material impact on the financial position of the Group.
53
annual_report
DirectLineInsuranceGroupPLC-AR_2016
927
Further details of how the Company applied the Code’s principles and complied with its provisions can be found on the following pages of this report and the Directors’ remuneration report:  Leadership – page 53
35
annual_report