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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 201...
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 con...
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 pote...
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 ar...
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 De...
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...
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 ...
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 loss...
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 ...
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 s...
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 £...
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 reinsuranc...
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 p...
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 ...
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 ...
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 lia...
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 accountin...
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 au...
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...
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 salar...
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...
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 assum...
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 Corp...
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 lia...
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 f...
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 ...
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 ...
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 ...
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, inc...
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 t...
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 inv...
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 bus...
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 ...
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...
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...
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 conte...
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...
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 ...
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 Decem...
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 outflo...
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. Cerm...
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 exp...
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 futur...
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