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2181
808
In 2002, we calculated our MLR for our commercial and senior products based on total premiums and total health care services expenses as reported on our statement of operations. This resulted in the inclusion of certain health care costs related to the cost of acquiring drugs for our mail order business of our PBM subs...
147
10K
BaloiseHoldingLtd-AR_2017
363
Change in unrealised gains and losses recognised directly in equity 1 Excluding investments for the account and at the risk of life insurance policyholders and third parties. 2 The sale of the closed life insurance portfolio of Direktion für Deutschland resulted in a negative change in unrealised gains and losses recog...
58
annual_report
1848
488
The Company is required to establish a valuation allowance for any portion of the deferred tax asset that management believes will not be realized. In the opinion of management, it is more likely than not that the Company will realize the benefit of the deferred tax assets and, therefore, no such valuation allowance ha...
71
10K
AdmiralGroupPLC-AR_2008
392
I would recommend Admiral as a good place to work 90% 90% 94%
13
annual_report
3232
1,115
The Company receives a tax deduction for certain vested restricted stocks and exercised stock options. The Consolidated Statements of Cash Flows in 2006 include excess tax benefits of $0.4 million (2005: 2.9 million; 2004: nil) on exercise of stock options and restricted stock vests as a financing cash flow.
49
10K
4969
825
For the year ended December 31, 2013, the computation of diluted net income per share included 17 thousand shares of unvested restricted common stock and exercisable options to purchase approximately 0.9 million shares that had a dilutive effect of 145 thousand shares. Options to purchase 412 thousand shares for the ye...
84
10K
NatwestGroupPLC-AR_2014
490
Working with teams across the bank, we were able to provide a short-term seasonal increase to Hertz UK’s core fleet financing facility giving them the flexibility they needed to manage their peak requirements in line with demand.
37
annual_report
2542
967
Changes in economic conditions, including interest rate and equity market conditions, which could affect our investment portfolio and reinsured policy revenues.
21
10K
RSAInsuranceGroupPLC-AR_2008
183
ALLOCATE CAPACITY TO TAKE ADVANTAGE OF POSITIVE RATING TRENDS Our overriding focus remains taking the right action on rate and ensuring that we will only grow where it is profitable to do so. We will therefore continue to actively allocate capacity to maximise returns and look to take advantage of market opportunities ...
60
annual_report
Sampoplc-AR_2012
689
More detailed information on personnel in Sampo Group is available in the section ‘Personnel’ in the Annual Report 2012.
19
annual_report
BeazleyPLC-AR_2020
2,205
The group records the unadjusted price provided and validates the price through various tolerance checks, such as comparison with prices provided by investment custodians and investment managers, to assess the reasonableness and accuracy of the price to be used to value each security. In the rare case that a price fail...
128
annual_report
2744
1,956
The use of our in-house nursing staff to establish and manage plans of care for a larger number of claims than in the past,
24
10K
5045
851
Death claims expense was higher in 2014 compared to 2013 primarily from increased claims liability of $0.6 million as part of the remediation costs associated with the tax compliance issue we identified. This claims liability was released in 2015 due to a refined estimate of our tax compliance issue. In addition, there...
89
10K
3154
876
At December 31, 2006, options exercisable have exercise prices between $6.32 and $33.21 and an average contractual life of approximately 5.1 years.
22
10K
ch_zurich_insurance_group-AR_2007
2,287
5.75% payable annually up to October 2, 2013 Redeemable in whole 5.75% EUR 500 bond, and then reset quarterly Quarterly on quarterly at par due October 2023 to 3-month EURIBOR plus 2.67%. or after October 2, 2013 plus any accrued interest.
41
annual_report
NatwestGroupPLC-AR_2007
989
Income from rental assets (net of related funding costs) 679 677 622
12
annual_report
5497
858
The weighted average interest rate for outstanding short-term debt (primarily commercial paper) was 1.63% as of December 31, 2017. There was no commercial paper outstanding as of December 31, 2016.
30
10K
DirectLineInsuranceGroupPLC-AR_2017
929
Nomination Committee On behalf of the Board, the Nomination Committee assesses the NEDs’ independence, skills, knowledge and experience as part of its annual review of each Director’s performance. The Board concluded that every current NED was independent, continued to contribute effectively, and demonstrated they were...
81
annual_report
ScorSE-AR_2009
2,429
An employer’s obligation under a defined benefit plan is to provide the agreed amount of benefits to current and future beneficiaries. If the defined benefit plans is not wholly funded, provisions are recognised.
33
annual_report
5384
1,454
During the fourth quarter of 2016, in anticipation of a debt issuance in 2017 and for risk management purposes, the Company entered into a derivative transaction to hedge the risk of changes in the debt cash flows attributable to changes in the benchmark U.S. Treasury interest rate during the period leading up to the p...
265
10K
AvivaPLC-AR_2015
1,895
2015 annual bonus outcome The Group’s financial performance, together with non-financial modifiers and personal performance have been used to determine ED bonuses paid in respect of 2015. As communicated to shareholders, the targets were reviewed and adjusted to take into account the impact of the FLG acquisition. The ...
106
annual_report
PhoenixGroupHoldingsPLC-AR_2015
3,853
Gross shareholder debt (gearing basis) is defined as the sum of the IFRS carrying value of shareholder debt (as disclosed in the Borrowings note in the IFRS financial statements) and 50% of the IFRS carrying value of the Tier 1 Notes given the hybrid nature of that instrument
48
annual_report
HannoverRueckSE-AR_2019
4,158
M 93 Pension commitments 141 M 94 Individual remuneration received by the members of the Supervisory Board 142 M 95 Group of participants and total number of eligible participants in variable remuneration systems 145
34
annual_report
5406
1,146
During the year ended December 31, 2017, the positive mark to market change of $296.9 million on our AFS investments, including Other Investments, was primarily driven by an increase in interest rates and by tightening credit spreads across our major jurisdictions. An increase in equity index prices also contributed to...
78
10K
SwissReAG-AR_2014
318
Mumbai Unit 701–702, 7th Floor Tower ‘A’ Peninsula Corporate Park Ganpatrao Kadam Marg Lower Parel Mumbai 400 013 Telephone +91 22 6661 2121
23
annual_report
StandardLifeAberdeenPLC-AR_2008
574
The largest regulated entity within the Group is Standard Life Assurance Limited (SLAL), and its regulatory position reflects capital resources including long-term business funds. While SLAL’s capital resources have decreased, the solvency cover has increased to approximately 274% from 190% due to a relative decrease i...
55
annual_report
gb_prudential-AR_2016
2,257
The weightings of the performance measures for 2017 for all Executive Directors, other than the Group Chief Risk Officer, are 80 per cent financial measures and 20 per cent personal measures. The Chairman and CEO, NABU also participates in the Jackson Senior Management Bonus pool. For the Group Chief Risk Officer, the ...
99
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2010
1,522
Acquired insurance €m Software portfolios Other 2010 Prev. year gross carrying amount at 31 dec. previous year 969 1,340 1,387 3,696 3,367 accumulated amortisation and accumulated impairment losses at 31 dec. previous year 620 690 668 1,978 1,566 carrying amount at 31 dec. previous year 349 650 719 1,718 1,801 change i...
112
annual_report
3710
950
In December 2007, the FASB issued SFAS No. 160, “Noncontrolling Interests in Consolidated Financial Statements - an amendment of Accounting Research Bulletin (“ARB”) No. 51” (“SFAS 160”), which aims to improve the relevance, comparability and transparency of the financial information that a reporting entity provides in...
334
10K
gb_prudential-AR_2017
4,196
The rate of return depends upon the performance of the selected fund portfolio. Policyholders may allocate their investment to either the fixed account or a selection of variable accounts. Subject to benefit guarantees, investment risk on the variable account is borne by the policyholder, while investment risk on the f...
81
annual_report
AegonNV-AR_2010
2,720
AEGON holds EUR 11,244 million (2009: EUR 11,871 million) of bonds issued by banks. The net unrealized loss on these bonds amount to EUR 386 million (2009: EUR 799 million). The capital bases of banks and other financial firms have been strained as they are forced to retain assets on their balance sheets that had previ...
143
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2013
568
Remuneration of individual Board members as per DRS 17 (revised 2010) (in accordance with Section 285 sentence 1 (9a) sentences 5–8 of the German Commercial Code (HGB) and Section 314 para. 1 (6a) sentences 5–8 of the German Commercial Code)
40
annual_report
83
588
Premiums for traditional life insurance products, which include those products with fixed and guaranteed premiums and benefits and consist principally of whole life insurance policies, limited-payment life insurance policies, and certain annuities with life contingencies, are recognized as revenues when due from policy...
85
10K
5672
1,464
, respectively, while the other 2019, 2018 and 2017 restricted stock unit awards generally vest in full based on continued employment through the vesting period on the anniversary date of the grant. For certain of our executive officers age 55 or older, restricted stock units awarded in 2019, 2018 and 2017 are not subj...
66
10K
HannoverRueckSE-AR_2017
2,130
Hannover Re Euro PE Holdings GmbH & Co. KG 1, Hannover / Germany 91.20 EUR 299,017 59,712
17
annual_report
LloydsBankingGroupPLC-AR_2020
173
We are committed to supporting a sustainable recovery which supports all of the people and regions in our society. In 2021, we will Help Britain Recover by concentrating on five key areas where we can make the most difference, all of which are embedded in our business strategy. This is discussed further in the Strategi...
58
annual_report
NatwestGroupPLC-AR_2008
2,936
ABN AMRO represents the other consortium members’ interests in RFS Holdings B.V. The capital and income rights of shares issued by RFS Holdings B.V. are linked to the net assets and income of the ABN AMRO business units which the individual consortium members have agreed to acquire. Other minority interests include tru...
85
annual_report
fr_axa-AR_1999
442
During 2000, management may from time to time explore selective acquisition opportunities in AXA
14
annual_report
AvivaPLC-AR_2011
1,082
Climate change and environment Protecting the environment to mitigate against man-made climate change are key priorities for Aviva that we believe requires action today, not tomorrow. Our strategy to deliver action focuses firstly on control of our own environmental impacts to reduce greenhouse gas emissions from energ...
241
annual_report
3930
548
For the year ended December 31, 2008, 40,000 options and 1,771,668 warrants to purchase an aggregate of 978,334 shares of common stock were excluded from the computation of diluted earnings per share because the exercise price of $7.00 specific to the options and $9.10 specific to the warrants exceeded the average mark...
58
10K
1301
374
BROKER/EMPLOYER CHANNEL. In February 2000, the Company entered into a two-year agreement with Workscape, Inc. ("Workscape"), which specializes in the development of Internet solutions for the insurance industry. Workscape will focus on automating the full broker/small employer relationship, including enrolling customer...
52
10K
3445
1,439
•An analysis of whether a fundamental deterioration or improvement has occurred;
11
10K
3721
637
Other operating expenses. Most of our operating expenses are fixed in nature, although some follow, to varying degrees, the changes in transaction volume and revenues. Other operating expenses for the combined business segments decreased $46.5 million, or 11.4%, in 2008 and increased $4.0 million, or 1.0%, in 2007. Acq...
155
10K
2311
542
The Company adheres to investment guidelines set by management and approved by the Finance Committee of the Board of Directors. See "Investment Policy".
23
10K
4095
3,039
Includes credit tranched securities collateralized by sub-prime mortgages, auto loans, credit cards, education loans, and other asset types.
18
10K
2060
494
For purposes of establishing reserves on risks insured during the most recent year, including interim periods for which there is minimum experience to date, we have used forecasted loss ratios that have been applied to earned premiums during the interim periods. The determination of such forecasted loss ratios involved...
118
10K
NatixisSA-AR_2017
5,849
Net gains/(losses) on other financial assets and liabilities under the fair value option through profit or loss(b) 495 41
19
annual_report
AvivaPLC-AR_2010
148
In January 2011 we provided the market with further embedded value disclosure. This gave additional clarity to the value of Aviva’s future cash flows and allows greater comparability with other UK insurers. On a European Embedded Value equivalent basis Aviva’s net asset value per share is 621 pence at 31 December 2010....
99
annual_report
PowszechnyZakladUbezpieczenSA-AR_2020
2,606
The Supervisory Board was also informed about the actions implemented by the Company in connection with the COVID-19 pandemic.
19
annual_report
2392
2,417
As a result of the findings of the internal review, together with the results of investigations conducted by outside counsel at the request of AIG’s Audit Committee and in consultation with AIG’s independent auditors, AIG has concluded that the accounting for certain transactions and certain relationships needs to be r...
50
10K
NatixisSA-AR_2005
1,976
These companies, whose purpose is to hold investment property representing insurance company investments, are Fructifoncier, ABP Iéna, ABP Pompe and Neuilly Château for Assurances Banque Populaire Vie, the life insurance subsidiary of Natexis Assurances,and Cofimmo for the Coface sub-group.
39
annual_report
PosteItalianeSpA-AR_2016
145
In continuation of the rationalisation process(7), the number of post offices was reduced in 2016 from 13,048 at 31 December 2015 to 12,845 at 31 December 2016.
27
annual_report
ScorSE-AR_2016
2,213
The Group recognized a net foreign exchange gain of EUR 11 million for the year ended December 31, 2016 (2015: gain of EUR 16 million and 2014: gain of EUR 11 million).
32
annual_report
5251
2,003
In February 2016, the FASB issued an accounting standards update concerning the accounting for leases. The most significant change to existing GAAP created by this standard will be the lessee recognition of lease assets and lease liabilities for those leases classified as operating. The core principle of this guidance ...
212
10K
5095
1,134
In addition to the provisions discussed above, beginning in 2014, HHS pays us a portion of the health care costs for low-income individual members for which we assume no risk in accordance with the Health Care Reform Law. We account for these subsidies as a deposit in our consolidated balance sheets and as a financing ...
229
10K
2228
1,451
Effective June 15, 2002, UICI and HAI terminated an information technology services agreement, amended and restated as of January 3, 2000 (the “Services Agreement”), pursuant to which HAI formerly provided information systems and software development services (including administration of the Company’s computer data cen...
190
10K
HiscoxLtd-AR_2015
1,060
Claims and claim adjustment expenses, net of reinsurance 26.2 (572,453) (531,668) Expenses for the acquisition of insurance contracts 17 (344,283) (318,616)
21
annual_report
3763
1,477
The Company’s loss reserving policy, described above, is based on guidance provided in SFAS 60, SFAS 5, “Accounting for Contingencies” and analogies to Emerging Issues Task Force (“EITF”) 85-20, “Recognition of Fees for Guaranteeing a Loan.” SFAS 60 requires that, for short-duration contracts, a liability for unpaid cl...
114
10K
590
337
We have audited the consolidated balance sheets of W. R. Berkley Corporation and subsidiaries as of December 31, 1996 and 1995, and the related consolidated statements of operations, stockholders' equity and cash flows for each of the years in the three-year period ended December 31, 1996. These consolidated financial ...
73
10K
2808
1,208
The lower net gains on fixed maturity sales in 2005 were primarily the result of rising interest rates and losses associated with a major automotive manufacturer. See additional discussion of the gross gains and losses on sales below. If interest rates remain at current levels or rise during 2006, or credit spreads wid...
122
10K
4990
1,049
The increase in net premiums written for our professional liability business in 2014 was driven by growth in the United States. Net premiums written outside the United States in our professional liability business decreased slightly in 2014, due to the negative effect of foreign currency translation. In 2013, net premi...
386
10K
2513
735
In recent years, the U.S. insurance regulatory framework has come under increased federal scrutiny, and some state legislators have considered or enacted laws that may alter or increase state regulation of insurance and reinsurance companies and holding companies. Moreover, the National Association of Insurance Commiss...
95
10K
ScorSE-AR_2017
5,060
In parallel, the following commitments (resulting from the agreement) have been made at the Paris site: 1. develop and maintain diversity in employment and recruitment, especially via the participation in the
31
annual_report
gb_prudential-AR_2011
1,664
Remuneration principles The primary aims of our remuneration policy are: • To attract and retain the high calibre executives required to lead and develop the Group, and
27
annual_report
4424
1,623
While the full potential impact of the Bankruptcy is uncertain at this time, the trustee for the Obligations has the ability, with Bankruptcy Court approval, to accelerate the payment of these Obligations. This would likely result in more frequent direct claims of up to $9.6 million of our reinsurance net par exposure ...
133
10K
3959
3,195
southeastern United States experienced in the first quarter. The year ended December 31, 2009 included $83.4 million or 4.3 points of favorable loss reserve development primarily due to lower than expected severity on non-catastrophe losses related to professional liability lines and commercial package business and gen...
151
10K
1411
705
The net investment income was approximately level from 1999 to 2000 mainly due to the long term portfolio remaining level while short term investments were decreasing and the short term rates were increasing. The net investment income for 1999 was $6.9 million as compared to $7.8 million in 1998. There was a decrease o...
61
10K
4266
919
Policy acquisition costs, consisting of primarily commissions, advertising, premium taxes, underwriting and agency expenses, are deferred and charged against income ratably over the terms of the related policies. The components of deferred policy acquisition costs and the related amortization expense were as follows (i...
45
10K
3243
1,103
2004 recorded in accordance with Statement of Position (“SOP”) 03-1, Accounting and Reporting by Insurance Enterprises for Certain Nontraditional Long-Duration Contracts and for Separate Accounts (“SOP 03-1”).
27
10K
CNPAssurancesSA-AR_2005
54
In last year’s uncertain environment, which weighed on consumer confidence, CNP Assurances demonstrated its underlying strength by achieving steady growth in both revenues and earnings. Compared to our competitors, our top and bottom lines are less sensitive to changes in the economic cycle, while our prudent managemen...
124
annual_report
NatwestGroupPLC-AR_2010
1,927
US dollar 17,137 2 17,135 (1,820) 15,315 (4,058) 11,257 Euro 8,443 33 8,410 (578) 7,832 (2,305) 5,527 Other non-sterling 5,320 244 5,076 (4,135) 941 — 941
26
annual_report
HannoverRueckSE-AR_2012
2,327
The net periodic pension cost was recognised in the consolidated statement of income in amounts of EUR 3.9 million (EUR 6.9 million) under administrative expenses, EUR 1.0 million (EUR 1.6 million) under other expenses and EUR 0.9 million (EUR 0.8 million) under other investment expenses.
45
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014
3,183
Capital management 13 f., 102 ff. Cash flow statement 107, 164 Clients and client relationships 108 ff. Climate change 135 Consolidation principles 178 Corporate governance 24, 26 ff.
28
annual_report
ScorSE-AR_2010
2,667
The movement in the translation adjustment is primarily due to the translation of accounts of the subsidiaries and branches using the U.S. dollar as the functional currency. During the year, the Group undertook hedging of the net asset value of its U.S. dollar denominated subsidiaries. These hedges resulted in a total ...
90
annual_report
4231
797
During January 2011, the Company announced a workforce reduction of approximately 165 employees, primarily located in California. Approximately $4 million of severance related expense will be recognized during the first quarter of 2011. The Company anticipates annualized savings from the workforce reduction of approxim...
46
10K
RaiffeisenBankInternationalAG-AR_2020
2,939
Raiffeisen Informatik GmbH & Co KG, Vienna (AT) 47.6% 133,042 147,076
11
annual_report
gb_lloyds_banking_grp-AR_2014
3,734
(4) Held-to-maturity investments Held‑to‑maturity investments are non‑derivative financial assets with fixed or determinable payments and fixed maturities that the Group’s management has the positive intention and ability to hold to maturity other than: – those that the Group designates upon initial recognition as at f...
69
annual_report
4184
1,066
Commercial lines reserve development on prior accident years continued to net to a favorable amount in 2010, as $269 million was recognized, similar to $273 million in 2008. During 2009, the $147 million of net favorable development recognized was lower, due primarily to unfavorable development of workers’ compensation...
81
10K
5260
932
Premiums written, premiums earned and amounts related to reinsurance as of and for the years ended December 31, 2016, 2015, and 2014 are as follows ($ in '000s):
28
10K
NatixisSA-AR_2005
3,294
During its meeting of September 7, 2005, the Board of Directors of Banque Fédérale des Banques Populaires redefined these principles, in accordance with the order of March 31, 2005, amending regulation 97-02 relating to internal control in credit institutions and investment firms.These principles are now included in th...
78
annual_report
SwissLifeHoldingAG-AR_2012
389
Swiss Life – Annual Report 2012 2 “Closely linked parties” are natural persons and legal entities pursuant to Art. 678 of the Swiss Code of Obligations that have close personal, economic, legal or de facto ties with members of the governing body. This typically includes spouses, minor children, companies controlled by ...
72
annual_report
3305
8,124
Common Stock of Vanguard and Class A Membership Units of Holdings
11
10K
3078
1,988
Aflac Japan’s sales mix has been shifting during the last few years. The following table details the contributions to total new annualized premium sales by major product for the years ended December 31.
33
10K
3993
1,254
Amortization of policy acquisition costs, before the impact of purchase accounting, totaled $6,202, $6,872, and $6,033 for the years ended December 31, 2009, 2008 and 2007, respectively.
27
10K
Sampoplc-AR_2008
822
*) Before reinsurers’ share **) Investment contracts ***) Operating expenses not included
12
annual_report
ch_zurich_insurance_group-AR_2014
1,912
As of December 31, 2014 and 2013, cash and cash equivalents held to meet local regulatory requirements were USD 817 million and USD 1,284 million, respectively.
26
annual_report
AvivaPLC-AR_2007
232
– Taking steps to maintain our number 1 position in European Life and Pensions
14
annual_report
de_allianz-AR_2012
922
In 2012, the property-casualty markets decreased in both countries due to the continuing economic crisis. Regarding life insurance, the Spanish market shrank in 2012. Also in Portugal, the sector further contracted, largely due to the reduction in disposable income of Portuguese families.
42
annual_report
PosteItalianeSpA-AR_2017
1,810
This exemption applies to the recognition and measurement of forward electricity contracts entered into by the subsidiary EGI SpA if the following conditions have been met: �� the contract involves the physical supply of a commodity; �� the entity has not entered into an offsetting contract; �� the transaction must be ...
63
annual_report
HannoverRueckSE-AR_2017
3,817
M 87 German Corporate Governance Code, Item 4.2.5 Para. 3 – Table 1 (target / minimum / maximum remuneration as nominal amounts) 122
23
annual_report
TrygAS-AR_2017
1,422
Note Statement of comprehensive income Profit/loss for the year 2,517 2,471
11
annual_report
5197
720
Commission and brokerage decreased by 128.7% to ($5.1) million in 2015 compared to $17.8 million of expense in 2014. The decrease was primarily driven by changes in the mix of business and impacts from affiliated quota share agreements. Segment other underwriting expenses increased to $130.4 million in 2015 compared to...
82
10K
AvivaPLC-AR_2013
3,375
(ii) Financial exposures to peripheral European countries and worldwide banks Included in our debt securities and other financial assets are exposures to peripheral European countries and worldwide banks. We continued in 2013 to limit our direct shareholder and participating assets exposure to the governments (includin...
147
annual_report
5864
1,385
U.S. equity securities 27 % (1) 27 % 28 % 28 %
12
10K
PowszechnyZakladUbezpieczenSA-AR_2013
306
by 8.7% with respect to the previous year, while the gross written premium of life insurance companies amounted to LTL 626m (an increase of 8.9%).
25
annual_report
fr_axa-AR_2001
4,349
Loan Agreement (2 loans) between the Company, as lender, and AXA UK plc, as borrower
15
annual_report
5755
1,400
Sirius Group elected the short-term lease measurement and recognition exemption, resulting in lease payments being recorded as an expense on a straight-line basis over the lease term.
27
10K
AvivaPLC-AR_2017
1,678
Committee activities and agenda time during 2017 Customer, risk and reputation – 22% of agenda time
16
annual_report
SwissLifeHoldingAG-AR_2009
3,506
2 Pursuant to the pension fund regulations, occupational provisions were financed by the employer and the employee at a ratio of 2/3 to 1/3. 3 All contributions are gross contributions, i.e. they include employee contributions to AHV/IV/ALV. Employer contributions to AHV/IV/ALV amounted to a total of CHF 96 047 in the ...
80
annual_report
3663
678
In August 2008, our broker announced settlements in principle with each of the Division Enforcement of the U.S. Securities and Exchange Commission (SEC), the New York Attorney General and other state agencies to purchase all of its clients’ auction-rate securities at par and several other items including fines. In Octo...
218
10K