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NatixisSA-AR_2016 | 7,226 | Issues after June 30, 2009 were always classified as equity given the discretionary nature of their interest. | 17 | annual_report |
5516 | 2,415 | In 2018 and 2017, there was less than $1 million in cash received from stock options exercised in each year. New shares were issued to settle all exercised awards. The actual tax benefit realized for the tax deductions from the exercise of share-based awards was $4 million and $2 million as of December 31, 2018 and 2017, respectively. | 58 | 10K |
5765 | 1,192 | impact on Alleghany’s financial condition. See Note 4 for further information on Alleghany’s equity securities, and Note 10(b) for further information on accumulated other comprehensive income. | 26 | 10K |
3480 | 769 | During the fiscal year ended March 31, 1986, the Company adopted the Unico American Corporation Profit Sharing Plan. Company employees who are at least 21 years of age and have been employed by the Company for at least two years are participants in such Plan. Pursuant to the terms of such Plan, the Company annually contributes to the account of each participant an amount equal to a percentage of the participant's eligible compensation as determined by the Board of Directors. Participants must be employed by the Company on the last day of the plan year to be eligible for contribution. Participants are entitled to receive distribution of benefits under the Plan upon retirement, termination of employment, death, or disability. | 119 | 10K |
SwissReAG-AR_2013 | 3,171 | the Group is also involved, from time to time, in investigations and regulatory proceedings, certain of which could result in adverse judgments, settlements, fines and other outcomes. the number of these investigations and proceedings involving the financial services industry has increased in recent years, and the potential scope of these investigations and proceedings has also increased, not only in respect of matters covered by the Group’s direct regulators, but also in respect of compliance with broader business conduct rules, such as market abuse regulations, anti-bribery legislation, anti-money laundering legislation and trade sanctions legislation. the Group also is subject to audits and challenges from time to time by tax authorities, which could result in increases in tax costs, changes to internal structures and interests and penalties. the Group could be subject to risks arising from alleged, or actual, violations of any of the foregoing, and could also be subject to risks arising from potential employee misconduct, including non-compliance with internal policies and procedures. Substantial legal liability could materially adversely affect the Group’s business, financial condition or results of operations or could cause significant reputational harm, which could seriously affect its business. | 190 | annual_report |
SwissLifeHoldingAG-AR_2010 | 2,603 | Swiss Life Holding’s liquid assets (liquid funds plus time deposits) contracted to CHF 306 million, down from CHF 624 million. Conversely, a portfolio of easily tradable bonds and money market book claims for CHF 394 million was built up at the Swiss National Bank in the period under review. These share certificates are all eligible for repos and can generate liquidity at any time. | 64 | annual_report |
NatixisSA-AR_2014 | 682 | V Permanent Representative of BPCE to CE Holding Promotion (since 05.06.2013) | 11 | annual_report |
AvivaPLC-AR_2013 | 3,972 | Sales Life business — — 1,255 General insurance and health — — 557 Total Sales — — 1,812 | 18 | annual_report |
NatixisSA-AR_2008 | 6,673 | (1) The “Net gain/(losses)s on fi nancial assets and liabilities held for trading” line item includes: the impairment of the CDSs entered into with monoline insurers, as described in Note 6.2 and amounting to €1.3 billion at December 31, 2008; ■ the valuation losses for subprime ABS CDOs amounting to €655 million at December 31, 2008; ■ the valuation losses for subprime RMBSs amounting to €330 million at December 31, 2008. ■ | 72 | annual_report |
1478 | 195 | Service fee income is primarily related to the number of policies written by Unifax. In addition, in 1999, Unifax voluntarily discontinued charging service fees in several of states outside of California, contributing to the decrease in service fee income. | 39 | 10K |
StandardLifeAberdeenPLC-AR_2014 | 594 | The main trends and factors likely to affect the future development, performance and position of the Group are outlined in the Chief Executive’s overview section of the Strategic report. Reviews of the operating and financial performance of the Group for the year ended 31 December 2014 are given in the Strategic report. | 52 | annual_report |
gb_prudential-AR_2009 | 4,066 | Consistent with the derecognition of the Company’s interest in the underlying IAS 19 surplus of PSPS, the actuarial gains and losses do not include those of PSPS. In addition, as a result of applying IFRIC 14, the Group has recognised a provision for deficit funding in respect of PSPS. The change in 2009 in relation to this provision recognised above as other gains and losses on defined benefit pension schemes was £48 million (2008: £13 million). | 76 | annual_report |
INGGroepNV-AR_2005 | 610 | Both Ernst & Young and KPMG may only provide permitted non-audit services to ING Group and its subsidiaries with permission of the Audit Committee. The Audit Committee separately pre-approves the type(s) of audit, audit-related and non-audit services to be provided by ING’s external audit firms on an annual basis. The Audit Committee also sets the maximum annual amount that may be spent for such preapproved services. Throughout the year the external audit firms and Corporate Audit Services monitor the amounts paid versus the pre-approved amounts. The external auditors provide the Audit Committee with a full overview of all services provided to ING, including related fees, supported by sufficiently detailed information. This overview is semiannually evaluated by the Audit Committee. | 119 | annual_report |
4402 | 377 | The other liability line experienced a slight increase in premiums earned in 2011 as compared to 2010, which were similar to the premiums earned in 2009. The decline in premiums earned in 2010 was due to the effect competition and the weak economy had on residential and commercial construction. Our other liability losses and loss settlement expenses incurred were $75.6 million in 2011, compared to $94.6 million in 2010 and $119.2 million in 2009. The improvement in this line is the result of a lower level of required reserves for IBNR losses in 2011; a reduction in our legal expenses as a result of an initiative we implemented in 2009; and an overall improvement in our underwriting results. | 118 | 10K |
GjensidigeForsikringASA-AR_2020 | 1,806 | Operating income Earned premiums from general insurance 27,160.5 24,650.4 Earned premiums from pension 913.8 880.0 Other income including eliminations 185.6 171.6 Total operating income 4 28,259.9 25,702.0 | 27 | annual_report |
5069 | 970 | The Company’s restricted cash primarily consists of cash for unremitted premiums received from agents and insurers, fiduciary cash for reinsurers and pledged assets for the protection of policy holders in various state jurisdictions. | 33 | 10K |
nl_ing_grp-AR_2011 | 2,460 | The Executive Board members decided to forego the variable remuneration in relation to performance year 2010. The above table outlines the actual situation. | 23 | annual_report |
5754 | 396 | The Company derives its revenue primarily from net premiums earned, net investment income, and net capital gain (loss) on investments. | 20 | 10K |
gb_prudential-AR_2013 | 4,447 | Notes (i) The proforma shows the estimation of the Thanachart Life business’ contribution to the Group’s consolidated revenue and profit before tax for the period if the acquisition had occurred on 1 January 2013. In determining these amounts, it has been assumed that the fair value adjustments which arose on the date of acquisition would have been the same as if the acquisition had occurred on 1 January 2013. These amounts have been determined using actual results for the four month period to 2 May 2013 and the post-acquisition results from 3 May to 31 December 2013. | 97 | annual_report |
2724 | 414 | Consolidated operating expenses decreased 3% from 2004 to 2005. This was primarily due to savings from restructuring initiatives and lower regulatory and other settlement expenses, partly offset by employee retention costs, the impact of acquisitions, higher benefits costs, and incremental costs, primarily related to stock options, resulting from the implementation of SFAS 123 (R). In addition, Putnam’s expenses in 2005 include a charge of $37 million for the estimated cost necessary to address issues relating to the calculation of certain amounts previously paid to Putnam by the Putnam mutual funds in the form of cost reimbursements to Putnam for transfer agency services relating to defined contribution operations. Expenses in 2004 include an $850 million charge related to the NYAG/NYSID settlement, costs of $224 million related to Putnam’s settlement and agreements with the SEC and Office of the Secretary of the Commonwealth of Massachusetts and restructuring costs of $337 million, partly offset by a $105 million credit from the final insurance settlement related to World Trade Center losses. | 167 | 10K |
gb_prudential-AR_2012 | 4,632 | The total actual return on Scheme assets was a gain of £156 million (2011: £1,240 million). The experience gains on Scheme liabilities in 2011 of £295 million related mainly to the ‘true-up’ refl ecting improvements in data consequent upon the 2011 triennial valuation of the Scheme. Similarly, the experience gains of £127 million in 2008 were related mainly to the improvements in the data consequent to the 2008 triennial valuation. | 70 | annual_report |
3085 | 1,656 | The following is a summary of unaudited quarterly results of operations for 2006 and 2005: | 15 | 10K |
gb_prudential-AR_2014 | 2,762 | In order to facilitate comparisons of operating profit based on longer-term investment returns that reflect the Group’s retained operations, the results attributable to the held for sale Japan life business are included separately within the supplementary analysis of profit as shown above. | 42 | annual_report |
5517 | 865 | For events designated as natural catastrophes resulting in losses incurred related to our reinsurance assumed operations, Cincinnati Re, we calculate IBNR reserves for losses incurred separately from losses related to direct premiums. That process begins with a review of our occurrence and aggregate in-force reinsurance limits for our portfolio of ceding companies likely to be affected by such events. Using third party catastrophe models combined with our own proprietary adjustments, we model a range of stochastic and scenario events for each ceding company to make an initial estimate of potential losses. Consideration of industry loss estimates promulgated by a variety of third parties provides a base to perform a market share loss analysis for each ceding company. We obtain loss estimates from ceding companies based on their view of losses, which includes their claim reports, actual claim payments and reserve estimates. Based on these data points, we estimate ultimate losses that we reinsure for each ceding company. We then benchmark individual ceding company reports against what we expected and use this information across our portfolio to refine our ultimate loss estimates. Once known payments and reserves are reported by individual ceding companies, we establish case reserves by reinsurance treaty. IBNR reserves are then calculated as the difference between the estimate of the ultimate loss and loss expenses incurred for each catastrophe event, reduced by the sum of total loss and loss expense payments and total case reserves. Incurred losses from catastrophe events for Cincinnati Re can include non-U.S. experience reported by the ceding companies, in addition to events designated as catastrophes by PCS. | 263 | 10K |
StandardLifeAberdeenPLC-AR_2019 | 3,397 | Unit linked funds refers to the assets and liabilities of the unit linked funds of the life operations of the Group. It does not include the cash flows (such as asset management charges or investment expenses) arising from the unit linked fund contracts. These cash flows are included in shareholder business. | 52 | annual_report |
5424 | 1,162 | Shared Layers above retention and below FHCF. Immediately above the retention, the Company had purchased $374 million of reinsurance from third party reinsurers. Through the payment of a reinstatement premium, the Company can reinstate the full amount of this reinsurance one time. To the extent that $374 million or a portion thereof was exhausted in a first catastrophic event, the Company had purchased reinstatement premium protection insurance to pay the required premium necessary for the reinstatement of this coverage. | 79 | 10K |
ch_zurich_insurance_group-AR_2016 | 982 | As the new Chairman of the Remuneration Committee, I am pleased to share with you the remuneration report for 2016. | 20 | annual_report |
5944 | 890 | We account for income taxes using an asset and liability approach. Deferred income tax assets and liabilities result from temporary differences between the tax basis of assets and liabilities and their reported amounts in the Consolidated Financial Statements that will result in taxable or deductible amounts in future years. Valuation allowances are provided when necessary to reduce deferred tax assets to the amount expected to be realized. | 67 | 10K |
4441 | 1,572 | (1) Net amount at risk represents the excess of the guaranteed benefits over account balance for contracts that have an account value less than the guarantee. | 26 | 10K |
5902 | 976 | In 2020 and 2019, aggregate investment income (losses) from Equity Method Limited Liability Investments exceeded 10% of the Company’s pretax consolidated net income. Accordingly, the Company is disclosing aggregated summarized financial data for its Equity Method Limited Liability Investments for all periods presented in the Consolidated Financial Statements. Such aggregated summarized financial data does not represent the Company’s proportionate share of the Equity Method Limited Liability Investment assets or earnings. Aggregate total assets of the Equity Method Limited Liability Investments in which the Company invested totaled $3,554.5 million, $2,368.1 million and $2,805.3 million, as of December 31, 2020, 2019 and 2018, respectively. Aggregate total liabilities of the Equity Method Limited Liability Investments in which the Company invested totaled $1,602.5 million, $817.2 million and $1,030.7 million, as of December 31, 2020, 2019 and 2018, respectively. Aggregate net income of the Equity Method Limited Liability Investments in which the Company invested totaled $74.9 million, $78.0 million and $130.4 million for the years ended December 31, 2020, 2019 and 2018, respectively. The aggregate summarized financial data is based on the most recent and sufficiently-timely financial information available to the Company as of the respective reporting dates and periods. The Company’s maximum exposure to loss at December 31, 2020 is limited to the total carrying value of $225.3 million. In addition, the Company had outstanding commitments totaling approximately $172.8 million to fund Equity Method Limited Liability Investments at December 31, 2020. At December 31, 2020, 4.4% of Equity Method Limited Liability Investments were reported without a reporting lag. 8.0% of the total carrying value were reported with a one month lag and the remainder were reported with more than a one month lag. | 279 | 10K |
gb_prudential-AR_2006 | 6,291 | Based on EEV basis shareholders’ funds of £11,883m (2005: £10,301m) 486p 432p | 12 | annual_report |
5095 | 1,353 | Approximately 30% of the nonvested restricted stock at December 31, 2015 included performance-based conditions. | 14 | 10K |
AssicurazioniGeneraliSpA-AR_2016 | 4,527 | (1) a=non consolidated subsidiaries (IAS 27); b=associated companies (IAS 28); c=joint ventures (IAS 31) | 14 | annual_report |
4532 | 465 | In developing claim and claim adjustment expense ("loss" or "losses") reserve estimates, our actuaries perform detailed reserve analyses that are staggered throughout the year. The data is organized at a "product" level. A product can be a line of business covering a subset of insureds such as commercial automobile liability for small or middle market customers, it can encompass several lines of business provided to a specific set of customers such as dentists, or it can be a particular type of claim such as construction defect. Every product is analyzed at least once during the year, with the exception of certain run-off products which are analyzed on a periodic basis. The analyses generally review losses gross of ceded reinsurance and apply the ceded reinsurance terms to the gross estimates to establish estimates net of reinsurance. In addition to the detailed analyses, we review actual loss emergence for all products each quarter. | 151 | 10K |
gb_prudential-AR_2009 | 3,686 | Assets Of the £636 million (2008: £657 million) current tax recoverable, the majority is expected to be recovered in one year or less. | 23 | annual_report |
ASRNederlandNV-AR_2015 | 2,731 | Description The company invests in various asset classes, of which 79% is carried at fair value in the balance sheet. The breakdown of financial assets and liabilities measured at fair value into their fair value hierarchy is disclosed in note 5.6.1. As disclosed in note 5.2.1, in 2015 the company changed its accounting principles for Investment property and Property for own use also to fair value (see also note 5.6.3). Fair value measurement can be a subjective area, especially for areas of the market reliant on model based valuations (Level 2 and Level 3) or with weak liquidity and price discovery. Valuation techniques for real estate, private equity investments and for non-listed bonds, equities or derivatives can be subjective in nature and involve various assumptions regarding pricing factors. The use of different valuation techniques and assumptions could produce significantly different estimates of fair value. The associated risk management disclosure is dependent on high quality interpretation of the available data. The valuation of investments require significant Executive Board’s judgment. The company has comprehensive procedures and internal controls in place to determine the valuation of the investments. | 185 | annual_report |
SwissReAG-AR_2005 | 2,228 | Premiums and other receivables from reinsurance 3 5 783 7 411 | 11 | annual_report |
2337 | 751 | We have audited the accompanying consolidated balance sheets of Security Capital Corporation and subsidiaries (the "Company") as of December 31, 2003 and 2002 and the related consolidated statements of income, stockholders' equity, and cash flows for each of the three years in the period ended December 31, 2003. Our audits also included the financial statement schedule listed in the Index at Item 15(a). These financial statements and schedule are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements and schedule based on our audits. | 92 | 10K |
NatwestGroupPLC-AR_2009 | 2,975 | The Committee will ensure that it has substantial oversight of the work being undertaken within the divisions through the existing Divisional Audit Committee structure, in conjunction with the Group Audit Committee. | 31 | annual_report |
3663 | 831 | Amounts Due from/to Reinsurers • We collect premiums from insureds and after deducting our authorized commissions, we remit these premiums to the appropriate insurance and reinsurance companies. Our obligation to remit these premiums is recorded as amounts due reinsurers in our consolidated balance sheet. We record the amounts we expect to receive from reinsurers as an asset on our balance sheet. Our insurance companies report as assets the estimated reinsurance recoverable on paid losses and unpaid losses, including an estimate for losses incurred but not reported. | 86 | 10K |
Sampoplc-AR_2020 | 2,494 | When applying IAS 19, the pension obligation and the pension cost attributed to the fiscal period are calculated annually using the Projected Unit Credit method. The calculation of the defined benefit obligation is based on future expected pension payments and includes yearly updated actuarial assumptions such as salary growth, inflation, mortality and employee turnover. The expected pension payments are then discounted to a present value using a discount rate set with reference to AAA and AA corporate bonds issued in local currency, including mortgage-backed bonds, as at mid December. The discount rates chosen in Sweden and Norway take into account the duration of the company’s pension obligations in each respective country. After a deduction for the plan assets, a net asset or a net liability is recognized in the balance sheet. | 131 | annual_report |
2222 | 632 | The $750,000 net realized investment gain recorded in 2001 was primarily due to a $731,000 gain on the redemption of all units held in the Rydex URSA mutual fund. | 29 | 10K |
NatixisSA-AR_2016 | 9,201 | covers the full range of Mirova’s SRI funds totaling €2.2 billion in assets under management (2) . In 2016, 21 funds managed by Mirova were awarded SRI certification backed by the French government. This certification | 35 | annual_report |
SwissReAG-AR_1970 | 8 | Capital funds shown 257* 247 * Subject to approval by the General Meeting | 13 | annual_report |
de_allianz-AR_2010 | 230 | Our Munich Capital Markets Day was also well attended, where top managers presented Allianz’s global lines of business. Management answered questions from institutional investors and analysts at nine other international investor conferences. Dialogue with private shareholders is another key component of our IR work. As in the previous year, we processed around 8,500 of their enquiries in 2010. | 58 | annual_report |
2939 | 506 | To succeed as a transportation underwriter and personal lines underwriter, we must understand and be able to quantify the different risk characteristics of the operations we consider quoting. Certain coverages are more stable and predictable than others and we must recognize the various components of the risks we assume when we write any specific class of insurance business. Examples of trends that can change and, therefore, impact our profitability are loss frequency, loss severity, geographic loss cost differentials, societal and legal factors impacting loss costs (such as tort reform, punitive damage inflation and increasing jury awards) and changes in regulation impacting the insurance relationship. Any changes in these factors that are not recognized and priced for accordingly will affect the Company’s future profitability. We believe our product management organization provides the focus on a specific risk class needed to stay current with the trends affecting each specific class of business we write. | 152 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2019 | 2,245 | Other information Management and/or the Supervisory Board is responsible for the other information. The other information comprises the following parts of the combined management report, the contents of which were not audited: − the Statement on Corporate Governance, which is contained in the section “Statement on Corporate Governance pursuant to Section 289f and Section 315d of the German Commercial Code (HGB) including corporate governance reporting” of the combined management report, and | 71 | annual_report |
Sampoplc-AR_2020 | 3,585 | Sampo Group’s market risk sensitivities are presented in the following table. | 11 | annual_report |
fr_axa-AR_2017 | 4,305 | The table below reconciles assets and liabilities cash and cash equivalent balances with the statement of consolidated cash flows: (in Euro million) December 31, 2017 December 31, 2016 | 28 | annual_report |
4419 | 1,967 | Our Australian mortgage insurance business increased $29 million, including an increase of $20 million attributable to changes in foreign exchange rates, primarily from higher average invested assets. | 27 | 10K |
BaloiseHoldingLtd-AR_2003 | 652 | Total underwriting result of business ceded - 130.7 - 164.1 - 2.0 0.3 | 13 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2019 | 214 | Dr. Thomas Blunck – – Life and Health Capital Partners Digital Partners Reinsurance Investments (until 17 March 2019) | 18 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014 | 2,783 | Expected future technical cash flow (gross)1 €m 31.12.2014 Prev. year Up to one year –3,441 –2,738 Over one year and up to five years –12,505 –11,208 Over five years and up to ten years –17,913 –17,518 Over ten years and up to 20 years –41,192 –40,326 Over 20 years –101,918 –95,349 | 51 | annual_report |
fr_axa-AR_2014 | 2,484 | Ramon de Oliveira (60) Managing Director of Investment Audit Practice, LLC (United States) 580 Park Avenue - New York - NY 10065 - United States French nationality | 27 | annual_report |
4195 | 986 | During the period, total liabilities increased by $5.3 billion, from $50.0 billion at December 31, 2009 to $55.3 billion at December 31, 2010. Separate account liabilities increased by $6.8 billion offsetting the increase in separate accounts assets above. Additionally, future policy benefits and other policyholder liabilities increased by $120.0 million driven by an increase in the liability for living benefit embedded derivatives, as discussed above. Partially offsetting the above increases in total liabilities was a decrease in policyholders’ account balances of $1.6 billion primarily driven by transfers of customer account values to the separate account from the general account as a result of transfers from a customer elected DCA program and the asset transfer feature. | 115 | 10K |
PhoenixGroupHoldingsPLC-AR_2019 | 1,208 | In September 2019, we were pleased to welcome Mike Tumilty to our Board as one of the Standard Life Aberdeen nominees (in accordance with their shareholder rights)� Mike is a replacement to Barry O’Dwyer who left the Standard Life Aberdeen Group (‘SLA’) to become Chief Executive of Royal London� I wish to thank Barry for his insightful contribution during his short time on our Board� I look forward to welcoming to our Board a nominee from each of our new strategic partners, Swiss Re and MS&AD, on completion of the ReAssure acquisition later this year� As well as bringing a new geographical element, I am confident that the directors nominated to our Board by Swiss Re and MS&AD (who will each have rights attached to their shareholdings to nominate one director to the Phoenix Board) will bring strong additional skills to our Board� | 143 | annual_report |
gb_prudential-AR_2010 | 4,212 | Spread income 692 28,496 243 524 29,248 179 461 25,322 182 Fee income 506 25,921 195 324 17,589 184 292 14,783 198 With-profits – – – Insurance margin 188 154 161 Margin on revenues – – – Expenses Acquisition costs (851) 1,164 (73)% (690) 912 (76)% (451) 716 (63)% | 49 | annual_report |
1679 | 529 | The underwriting results of a property and casualty insurer are discussed frequently by reference to its loss ratio, underwriting expense ratio and combined ratio. The loss ratio is the result of dividing losses and loss expenses incurred by net premiums earned. The underwriting expense ratio is the result of dividing underwriting expenses (reduced by management fees, if any) by net premiums written for purposes of SAP and net premiums earned for purposes of U.S. GAAP. The combined ratio is the sum of the loss ratio and the underwriting expense ratio. A combined ratio under 100% indicates underwriting profits and a combined ratio exceeding 100% indicates underwriting losses. The combined ratio does not reflect the effect of investment income on operating results. The ratios discussed below have been calculated on a U.S. GAAP basis. | 133 | 10K |
ASRNederlandNV-AR_2013 | 2,254 | 4. 4 Mechanisms for shareholders and employees to provide recommendations or direction to the highest governance body. | 17 | annual_report |
3950 | 1,956 | At December 31, 2009, the mortgage loan balance was primarily comprised of commercial loans. Approximately 7 percent, 7 percent, 7 percent, 6 percent and 6 percent of the mortgage loan balance were on properties located in Indiana, Minnesota, Ohio, California and Arizona, respectively. No other state comprised greater than 5 percent of the mortgage loan balance. Less than one percent of the commercial mortgage loan balance was noncurrent at December 31, 2009. We had no allowance for losses on mortgage loans at both December 31, 2009 and 2008. | 88 | 10K |
gb_prudential-AR_2008 | 3,437 | vi The Surplus Notes are unsecured and subordinated to all present and future indebtedness, policy claims and other creditor claims of Jackson. vii Maturity analysis | 25 | annual_report |
2142 | 3,487 | During 2002, approximately 80 Caliber One employees, primarily in the underwriting area, were terminated in accordance with the Company’s exit plan. Approximately 14 positions, primarily claims and accounting staff, remain as of December | 33 | 10K |
PosteItalianeSpA-AR_2018 | 2,005 | Another area in which the Group plays an important role refers to the so-called “pure risk” products. In view of the significance of the so-called “mortality gap within households ”, being the difference between the available resources and those needed to maintain an adequate standard of living for people close to the insured person in the event of the latter’s death, Affetti Protetti is a Life insurance policy that aims to protect the other family members. At the end of 2018, around 191,000 policies had been sold with an average capital per policyholder of €93,000 and an average annual premium of €144. | 102 | annual_report |
4376 | 1,199 | The shares issuable upon the conversion of the Company’s 2.0% Convertible Senior Notes (see Note 9) were not included in the computation of diluted net income per share for the years ended December 31, 2010 and 2009 because to do so would have been anti-dilutive. | 45 | 10K |
AvivaPLC-AR_2007 | 101 | Long-term savings £864m Fund management £41m General insurance £433m Other operations £(8)m £1,330m | 13 | annual_report |
1961 | 450 | Life insurance products are marketed through several distribution channels. Life insurance premium by distribution method during each of the last three years is as follows. | 25 | 10K |
5396 | 625 | Cash provided by financing activities (excluding VIEs) was $77.5 million for the year ended December 31, 2016. The primary sources of cash from financing activities were from borrowings in our senior living business to fund investments in real estate, borrowings in our loan origination business to fund loan growth, increased debt in our specialty insurance business for working capital, and an increase in borrowings in our specialty insurance business to grow our corporate loan portfolio and fund additional investments in NPLs. The primary drivers of the cash used included paydown of the Telos 7 warehouse debt and repurchases of common stock. | 101 | 10K |
NatixisSA-AR_2009 | 7,438 | In addition to individual provisions, Natixis also constitutes provisions to cover country risk and sector risk. With the transition to IFRS, these provisions are now categorized as collective provisions, established on the basis of similar types of assets according to the following three criteria: a rating for loans to private individuals and professionals; a sector risk; and a geographic risk for other counterparties (corporate, sovereign, etc.). | 66 | annual_report |
2343 | 557 | Interest accretion 10,000 17,000 55,000 Amortization charged to income (452,380) (417,844) (769,432) ---------------- ----------------- ---------------- Net amortization | 17 | 10K |
2618 | 327 | The Company participates in securities lending programs with third parties, mostly large brokerage firms. At December 31, 2004 and 2003, fixed income securities with a carrying value of $130.8 million and $134.5 million, respectively, were on loan under these agreements. In return, the Company receives cash that it invests and | 50 | 10K |
5487 | 1,362 | Since inception, HCPCI and TypTap, each has maintained a cash deposit with the Insurance Commissioner of the state of Florida, in the amount of $300, to meet regulatory requirements. | 29 | 10K |
5497 | 853 | We maintain a share repurchase program, authorized by our Board of Directors. Under this program, we may repurchase shares from time to time, depending on market conditions and alternate uses of capital. The timing and actual number of shares repurchased will depend on a variety of factors, including price, general business and market conditions, and alternate uses of capital. The share repurchase program may be effected through open market purchases or privately negotiated transactions in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended, including through Rule 10b5-1 trading plans. The program may be suspended or discontinued at any time. | 104 | 10K |
821 | 236 | Quarterly Results: Quarterly earnings may fluctuate significantly during the year. These fluctuations are due primarily to irregular claims occurrences and the timing of certain investment transactions. | 26 | 10K |
NatixisSA-AR_2002 | 319 | Sidanco, a leading Russian oil producer.These innovative structured deals are evidence of | 12 | annual_report |
NatwestGroupPLC-AR_2005 | 2,584 | – less than one year 121,911 109,653 — — – one year and over 81,110 69,577 — — | 18 | annual_report |
HannoverRueckSE-AR_2006 | 310 | In Germany the good results of recent years served to intensify competitive pressure on the primary insurance sector. Industrial fire and fire loss of profits insurance were particularly hard hit by the sharp decline in prices. Even major claims running into the triple-digit millions of euros failed to halt this trend in the year under review, and with sufficient capacity available worldwide this market situation is unlikely to change significantly in the medium term. The motor market, an important segment for our company, is also experiencing a fierce competitive struggle for market shares in primary business, causing prices to crumble. | 100 | annual_report |
3068 | 1,482 | It is also possible that plaintiffs in other states could bring similar litigation against the Company. While we believe that the practices at issue in the Qui Tam litigation have not occurred outside of the operations of the Company’s Illinois subsidiary, successful verdict in similar litigation in another state could have a material adverse effect on our financial position, results of operations or liquidity. | 64 | 10K |
3208 | 1,609 | These sensitivities do not include the estimated impacts on sales inducement assets, unearned revenue reserves and death and income benefit reserves and are not reflective of any future refinements to the Company’s gross profit estimation process. The Company’s DAC models assume that separate account returns are earned linearly and that lapses occur linearly (except for certain dynamic lapse features) throughout the year. Similarly, the sensitivities assume that differential separate account and lapse rates are linear and parallel and persist throughout a full 12 month period. These sensitivities are not perfectly linear nor perfectly symmetrical for increases and decreases and are most accurate for small changes in assumptions. As such, extrapolating results over a wide range will decrease the accuracy of the sensitivities’ predictive ability. Sensitivity results are, in part, based on the current “in-the-moneyness” of various guarantees offered with the products. Future market conditions could significantly change the sensitivity results. | 150 | 10K |
AvivaPLC-AR_2017 | 4,217 | Estimate of gross ultimate claims 9,195 7,228 6,913 6,265 5,979 6,034 5,842 5,912 6,931 6,894 Cumulative payments (9,033) (7,078) (6,690) (5,978) (5,556) (5,467) (4,974) (4,710) (4,972) (3,517) | 27 | annual_report |
INGGroepNV-AR_2010 | 281 | As Capital Management is organised as a Group function, it is able to bring together capital requirements from both the Bank as well as the Insurer and helps to safeguard the fungibility of capital throughout the Group. Another key objective for Capital Management is to create financial flexibility for ING in the context of forthcoming regulatory changes and the need to generate sufficient capital to repurchase the remaining core Tier 1 securities issued to the Dutch State. | 77 | annual_report |
de_allianz-AR_2010 | 3,630 | Remuneration for the Board of Management As of December 31, 2010, the Board of Management had 10 (2009: 10) active members. | 21 | annual_report |
5406 | 2,924 | The table below details the tax years that are open to assessment and under examination by local tax authorities, by major tax jurisdictions. While the Company cannot estimate with certainty the outcome of these examinations, the Company does not believe that adjustments from open tax years will result in a significant change to the Company's financial results. | 57 | 10K |
4101 | 1,367 | The amortized cost and estimated market value of available-for-sale fixed maturities as of December 31, 2009, by expected maturity, are shown below. Expected maturities of securities without a single maturity date are allocated based on estimated rates of prepayment that may differ from actual rates of prepayment. | 47 | 10K |
4039 | 672 | In 2009, we realized approximately $100 million of gross benefits from previous initiatives, including: | 14 | 10K |
927 | 368 | Investment expenses include salaries, interest, expenses of maintaining and operating investment real estate, real estate depreciation and other allocated costs of investment management and administration. | 25 | 10K |
4999 | 2,161 | The following table sets forth other revenues and expenses for the years ended December 31, 2014, 2013 and 2012 ($ in thousands): | 22 | 10K |
GjensidigeForsikringASA-AR_2020 | 4,004 | Report, as described in the Report and in accordance with the GRI Standards. • Gjensidige has applied procedures to identify, collect, compile and validate information for 2020 to be included in the Report, as described in the Report. • The information presented for 2020 is consistent with data accumulated as a result of these procedures and appropriately presented in the Report. • Gjensidige applies a reporting practice for its sustainability reporting aligned with the Global Reporting Initiative | 77 | annual_report |
2309 | 542 | Under these principles, we have two types of “impaired” loans: loans requiring allowances for losses (none as of December 31, 2003 and 2002) and loans expected to be fully recoverable because the carrying amount has been reduced previously through charge-offs or deferral of income recognition ($1.2 and $3.7 as of December 31, 2003 and 2002, respectively). Average investment in impaired loans during December 31, 2003, 2002, and 2001 was $2.8, $5.1, and $6.8 and interest income earned on these loans while they were considered impaired was $0.1, $0.5, and $0.9 for the years ended December 31, 2003, 2002, and 2001, respectively. | 101 | 10K |
2490 | 4,457 | If U.S. tax law changes, the Company’s net income may be reduced. | 12 | 10K |
PhoenixGroupHoldingsPLC-AR_2020 | 654 | GROUP AUA Group AUA as at 31 December 2020 was £337.7 billion (2019: £248.3 billion). The increase in the year is largely driven by the acquisition of the ReAssure businesses on 22 July, net inflows from the Group’s UK Open business, and net positive market movements. These factors have been partly offset by net outflows from the Group’s UK Heritage businesses. | 61 | annual_report |
5649 | 824 | Additionally, on June 18, 2018 the Company invested $2,219 in FGI Metrolina Property Income Fund, LP (the “Fund”), which intends to invest in real estate through a real estate investment trust which is wholly owned by the Fund. The general partner of the Fund, FGI Metrolina GP, LLC, is managed, in part, by Messrs. Cerminara and Johnson, the Chairman and Co-Chairman of the Board of Directors of the Company, respectively. The Company, a limited partner of the Fund, does not have a controlling financial interest in the Fund, but exerts significant influence over the entity’s operating and financial policies as it owns an economic interest of approximately 47.1% as of December 31, 2018. Accordingly, the Company has accounted for this investment under the equity method of accounting. The Company has committed to a total potential investment of up to $4,000 in the Fund. As of December 31, 2018, the total amount invested in the Fund was $2,219, while the carrying amount on the Company’s balance sheet was $2,211. | 168 | 10K |
gb_lloyds_banking_grp-AR_2012 | 6,563 | Head office 25 Gresham street london Ec2V 7Hn Telephone +44 (0)20 7626 1500 | 13 | annual_report |
4408 | 2,028 | During 2011, the Company’s postretirement benefits liability adjustment increased by $558 million pre-tax ($360 million after-tax) resulting in a decrease to shareholders’ equity. The increase in the liability was primarily due to a decrease in the discount rate and actual investment returns significantly less than expected in 2011. | 48 | 10K |
LloydsBankingGroupPLC-AR_2006 | 993 | Independent non-executive directors who serve on the boards of subsidiary companies may also receive fees from the subsidiaries. These are included in the table shown on page 56. | 28 | annual_report |
5585 | 1,204 | The following table shows the changes in the components of our accumulated other comprehensive income (loss), net of tax, for the years ended December 31, 2018, 2017 and 2016: | 29 | 10K |
5388 | 988 | Includes $523 million and $366 million of debt that is non-recourse to the Company, subject to customary exceptions, at December 31, 2017 and 2016, respectively. Certain investment subsidiaries have pledged assets to secure this debt. | 35 | 10K |
4225 | 2,495 | In a number of instances, the level of subordination with respect to individual CDOs has increased since inception relative to the overall size of the CDO. While the super senior tranches are amortizing, subordinate layers have not been reduced by realized losses to date. Such losses are expected to emerge in the future. At inception, substantially all of the underlying assets were rated B-/B3 or higher and in most cases at least BBB or Baa. Thus, the percentage of gross notional amount rated less than B-/B3 represents a deterioration in the credit quality of the underlying assets. | 97 | 10K |
5650 | 757 | • the reliability of assumptions underlying our actuarial models, including life expectancy estimates and our projections of mortality events and the realization of policy benefits; | 25 | 10K |
3644 | 576 | Year-to-date, valuation losses on common stock that were reported in earnings was $21.7 million. See Item 8. “Financial Statements and Supplementary Data - Note 5 of Notes to Consolidated Financial Statements” contained within this report for additional information on our adoption of SFAS 159. | 44 | 10K |
5663 | 3,697 | Equities-See Note 6 for a discussion of the valuation methodologies for equity securities. | 13 | 10K |
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