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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 subsidiary within our commercial MLR calculation for which there was no corresponding revenues (the related revenues were included in the other income line). Since this inadvertently had the effect of slightly increasing the MLR of our commercial product, we changed this presentation in order to provide more transparency on the trends affecting the profitability of our insured products. Under our new format, only premium revenues and the related health care and other services expenses are included in the MLR calculations. The 2002 MLR calculations have been recalculated to conform to the 2003 presentation. | 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 recognised directly in equity of CHF 105.4 million. | 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 has been established. Federal income taxes paid during 2001, 2000 and 1999 were $11,500,000, $12,638,000 and $12,621,000, respectively. | 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 year ended December 31, 2013 were not included in the computation of diluted net income (loss) per share as their exercise prices were in excess of the average stock prices for the periods presented. | 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 in terms of positive rating trends and acquisitions. | 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 fails the tolerance test, it is escalated and discussed internally. We would not normally override a price retrospectively, but we would work with the administrator and pricing vendor to investigate the difference. This generally results in the vendor updating their inputs. We also review our valuation policy on a regular basis to ensure it is fit for purpose. For the year ended 31 December 2020, no adjustments have been made to the prices obtained from the independent sources. | 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 were more reported claims totaling approximately $0.5 million related to MGLIC that are included in the 2014. Mortality experience is closely monitored by the Company as a key performance indicator and these amounts were within expected levels. | 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 committed to the role. The Board is also satisfied that the Chairman’s external appointment as Chairman of Close Brothers Group plc set out on page 46 does not restrict him from carrying out his duties effectively. | 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 probable debt issuance (“Treasury Lock”). The Treasury Lock was formally designated as a cash flow hedge at inception and qualified for hedge accounting treatment. In the second quarter of 2017, the Company de-designated a portion of the cash flow hedge because the anticipated principal issuance was less than the notional amount of the Treasury Lock and recorded a pre-tax charge of $1.1 million in Other Expenses. The effective portion of the loss on the derivative instrument upon discontinuance was $4.5 million before taxes, and is reported as a component of Accumulated Other Comprehensive Income. Beginning with the additional issuance of the 2025 Senior Notes described in the preceding paragraph, such loss is being amortized into earnings and reported in Interest Expense in the same periods that the hedged items affect earnings. Amortization, reported in Interest Expense, was $0.2 million for the year ended December 31, 2017. The Company expects to reclassify $0.4 million of net losses on derivative instruments from AOCI to earnings for the twelve months ended December 31, 2018 as interest expense on the debt is recognized. The Treasury Lock was in a gain position of $1.6 million at December 31, 2016 and, accordingly, such gain was included in Other Assets in the Consolidated Balance Sheet at such date. | 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 Committee is comfortable that the revised targets were no less difficult to achieve. Targets and our performance against them for 2015 will be disclosed in next year’s report when they are no longer considered commercially sensitive. The Committee believes that disclosing them so soon after the end of the relevant financial year may adversely impact the Group’s business. | 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 the positive mark to market change from our equity portfolio. This represents an approximately 0.8% appreciation in average total investment assets for the year ended December 31, 2017. | 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 in the capital requirements of the HWPF, as explained previously. | 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 performance measures for 2017 are entirely based on a combination of functional and personal measures. The Group Chief Risk Officer is responsible for ensuring that the Company’s risk exposures are within the Board approved risk framework and appetite, and to provide overall leadership to the Risk function. | 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 in consolidated group – – 3 3 118 impairment losses reversed – – – – – depreciation and impairment losses carrying amount at 31 dec. financial year 384 604 645 1,633 1,718 accumulated amortisation and accumulated impairment losses at 31 dec. financial year 719 774 740 2,233 1,978 gross carrying amount at 31 dec. financial year 1,103 1,378 1,385 3,866 3,696 | 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 its consolidated financial statements by establishing accounting and reporting standards surrounding noncontrolling interests, or minority interests, which are the portions of equity in a subsidiary not attributable, directly or indirectly, to a parent. The ownership interests in subsidiaries held by parties other than the parent shall be clearly identified, labeled and presented in the consolidated statement of financial position within equity, but separate from the parent’s equity. The amount of consolidated net income attributable to the parent and to the noncontrolling interest must be clearly identified and presented on the face of the Consolidated Statements of Income. Changes in a parent’s ownership interest while the parent retains its controlling financial interest in its subsidiary must be accounted for consistently as equity transactions. A parent’s ownership interest in a subsidiary changes if the parent purchases additional ownership interests in its subsidiary, sells some of its ownership interests in its subsidiary, the subsidiary reacquires some of its ownership interests or the subsidiary issues additional ownership interests. When a subsidiary is deconsolidated, any retained noncontrolling equity investment in the former subsidiary must be initially measured at fair value. The gain or loss on the deconsolidation of the subsidiary is measured using the fair value of any noncontrolling equity investment rather than the carrying amount of that retained investment. Entities must provide sufficient disclosures that clearly identify and distinguish between the interests of the parent and the interests of the noncontrolling owners. SFAS 160 is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2008. We will adopt SFAS 160 effective January 1, 2009, and do not expect the adoption will have a material impact on our consolidated financial condition and results of operations. | 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 fixed account is borne by Jackson through guaranteed minimum fixed rates of return. At 31 December 2017, 5 per cent (2016: 6 per cent) of variable annuity funds were in fixed accounts. | 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 previously been securitized and to write down certain mortgage-related and corporate credit-related assets. Financial companies within AEGON’s financial sector are generally high in credit quality, and as a whole represent a large portion of the corporate debt market. The financial sector has seen a large impact to valuations from the broader market volatility given it is a focal point of the current concerns. Governments across the world have attempted to stabilize market liquidity and investor confidence via extraordinary measures, including providing substantial support to banks and insurance companies. | 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 policyholders. Revenues for interest sensitive insurance policies (which include interest sensitive life policies, deferred annuities and annuities without life contingencies) consist of policy charges for the cost of insurance, policy administration charges, and surrender charges assessed against policyholder account balances during the period. | 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 subject to forfeiture upon such officers’ departure from the company after two years | 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 Strategic Review 2021 section. | 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 trust preferred securities of £1,821 million (2007 – £1,821 million) and RBS China Sarl of £1,898 million (2007 – £2,438 million). Equity withdrawn in respect of ABN AMRO relates to distributions to consortium members. | 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 energy, waste and travel. We continue to compensate for our operational emissions worldwide by purchasing carbon credits from the voluntary carbon market. We apply our understanding to work within our sphere of influence externally to encourage sustainable practices with our customers, suppliers, governments and the companies in which we invest. Our focused attention in driving down energy use while at the same time increasing our carbon boundaries has resulted in a relative carbon reduction of 3% (2010: 4%). In 2009 we announced our long-term target of a reduction of 30% carbon dioxide (CO2) emissions by 2020 from our baseline of 2006. By 2010 we had achieved a 10% reduction from 2006. Due to the sale of the RAC, a significant contributor to our carbon footprint, it has been necessary to restate our baseline year to 2010. Our long-term carbon reduction ambition has not changed but due to the baseline year change the target is now an absolute reduction of 20% from 2010 to 2020. Our relative annual target reduction is set at 5% to help us achieve the longer-term target. We also set global annual targets in other key areas, summarised below: 2011 targets Performance | 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 market price of the Company’s common stock. | 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 customers, providing benefits information, generating customized proposals, registering agents, processing applications, underwriting | 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. Acquisitions increased other operating expenses approximately $1.4 million and $5.3 million in 2008 and 2007, respectively. The remaining fluctuation in other operating expenses in 2008 resulted from decreases in our outside search fees, business promotions, rent including other occupancy costs, technology costs and certain REI expenses, offset by increases in litigation, insurance and bad debts. The remaining fluctuation in other operating expenses in 2007 resulted from increases in our international business, outside search fees due to the growth in our commercial business, rent including other occupancy costs, and bad debt expenses, offset by decreases in certain REI expenses, general supplies, business promotion, premium taxes and technology costs. | 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 significant judgments by management, taking into account the results of the most recent actuarial studies performed, current pricing and underwriting, expected loss and loss adjustment expense trends and other pertinent considerations. In addition, we monitored and analyzed key loss and loss adjustment expense indicators and trends throughout the year. These included, but were not limited to, paid losses, newly reported claims and incidents, closed claim activity and other metrics. | 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. Our IFRS shareholder equity now exceeds the level before the global financial crisis, having increased during the year by £2.5 billion to £13.0 billion and our financial strength was recognised by the positive rating action by credit rating agencies S&P and Fitch at the start of 2011. | 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 restated. | 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 stipulates that a lessee should recognize in the statement of financial position, initially measured at the present value of the lease payments, both a liability for contractual payments due under the lease, and an asset representing its right to use the underlying leased asset for the lease term ("right-of-use asset"). For financing leases, interest on the lease liability should be recognized separately from the amortization of the right-of-use asset in the statement of comprehensive income. Additionally, as regards the presentation of financing lease activities within the statement of cash flows, repayments of the principal portion of the lease liability should be classified within financing activities, while payments of interest on the lease liability should be classified within operating activities. For operating leases, a single net lease cost should be recognized over the lease term, generally on a straight-line basis, and all cash payments related to the lease should be classified within operating activities in the statement of cash flows. For leases with a | 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 activity in our consolidated statements of cash flows. We do not recognize premiums revenue or benefits expense for these subsidies. Receipt and payment activity is accumulated at the state and legal entity level and recorded in our consolidated balance sheet in other current assets or trade accounts payable and accrued expenses depending on the state and legal entity balance at the end of the reporting period. We will be notified of final settlement amounts by June 30 of the year following the coverage year. Receipts from HHS associated with cost sharing subsidies for which we do not assume risk were approximately $478 million, exceeding payments of $409 million by $69 million for the year ended December 31, 2015. For the year ended December 31, 2014, receipts from HHS associated with cost sharing subsidies for which we do not assume risk were approximately $281 million, exceeding payments of $255 million by $26 million. The program began in 2014, and as such, there were no receipts or payments from HHS for cost sharing subsidies in 2013. | 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 center) to the Company and its insurance company affiliates. See Note K of Notes to Consolidated Condensed Financial Statements. As part of the termination arrangement, UICI made a one-time payment to HAI in the amount of $6.5 million and tendered 500,000 shares of HAI common stock to HAI. Substantially all of HAI’s technical personnel formerly supporting UICI under the Services Agreement were hired by UICI on June 17, 2002. Following the transaction, UICI continued to hold approximately 45% of the issued and outstanding shares of HAI. Because UICI constitutes a significant shareholder of HAI, the aggregate amount of consideration paid to HAI by UICI for the early termination of the Services Agreement (approximately $6.5 million) was reflected for financial reporting purposes as a contribution by UICI to the capital of HAI, the effect of which was to increase the Company’s carrying value of its investment in HAI. | 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 claim costs relating to insurance contracts, including estimates of costs relating to incurred but not reported claims, be accrued when insured events occur. Additionally, SFAS 5 requires that a loss be recognized where it is probable that one or more future events will occur confirming that a liability has been incurred at the date of the financial statements and the amount of loss can be reasonably estimated. | 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 statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits. | 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 widen, net realized capital gains on fixed maturity sales for 2006 will likely be lower than the 2005 levels. The losses associated with the GMWB derivatives were primarily driven by changes in the GMWB rider valuation assumptions in the fourth quarter of 2005. For further discussion of the GMWB rider valuation assumption, see the Capital Markets Risk Management section of the MD&A under “Market Risk - Key Market Risk Exposures”. | 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 premiums written increased modestly both inside and outside the United States. Premium growth in both years included the modestly positive effect of our decision not to renew a reinsurance program, which expired July 1, 2013, that provided coverage for a portion of our professional liability business. Premium growth in our professional liability business in both years reflected our focus on profitability in the pricing of renewal policies and new business, in what has remained a competitive market place. Nevertheless, the overall rate environment was positive in both 2014 and 2013, particularly in the United States. Retention levels for this business remained strong. Retention levels in the United States were higher in 2014 compared with those in 2013 and 2012. Retention levels outside the United States were similar in 2014 and 2013 following a modest increase in 2013 compared to 2012. New business in the United States increased in both 2014 and 2013 compared with the respective prior year. New business outside the United States also increased in 2014 following a decline in 2013. The increase in new business in 2014 reflected opportunities to write suitably-priced business in select classes due to the positive pricing trends in the market over the past few years. Renewal retention levels and new business volume in 2013 and 2012 reflected the selective reduction of our exposure in some customer segments where rate levels were not attractive. Average renewal rates for our professional liability business in the United States were up in both 2014 and 2013 compared with expiring rates, but the level of increase was less in 2014 than in 2013. Rate increases occurred in most classes of this business in both years. Average renewal rates outside the United States were flat in 2014 and up slightly in 2013 compared with expiring rates. The amounts of insured exposures in the United States were down slightly in both 2014 and 2013 compared with the respective prior year. Such amounts outside the United States were down in both years, but more so in 2013. | 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 Commissioners, which is an association of the insurance commissioners of all 50 states and the District of Columbia, and state insurance regulators regularly reexamine existing laws and regulations. Changes in these laws and regulations or the interpretation of these laws and regulations could have a material adverse effect on our business. | 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 related to regularly scheduled payments of debt service under reserve fund surety policies issued by our primary insurers. To date, the trustee has not sought to accelerate these payments. Similarly, the withholding of net revenues by the County for payment of operating expenses as defined by the County, could result in further draws on those sureties for payments of regularly scheduled debt service and the reduction of current salvage amounts receivable by us against claims that we had paid in 2008. | 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 general liability lines partially offset by adverse loss reserve development primarily related to personal injury protection litigation at AutoOne. The year ended December 31, 2008 included $62.0 million or 3.3 points of favorable loss reserve development primarily due to lower than expected severity on non-catastrophe losses and favorable loss reserve development on a prior accident year catastrophe. The favorable non-catastrophe loss reserve development was primarily related to professional liability lines and commercial package business lines partially offset by adverse loss reserve development at AutoOne and in legacy run-off business. The expense ratio increased due to higher policy acquisition expenses and other underwriting expenses, as described above. | 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 of approximately $0.9 million from 1998 to 1999. | 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 (in thousands): | 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 management and strong fundamentals inspire confidence. We have proved our resilience in periods of stock market turbulence and by taking up the development opportunities offered by the new pension products as well as in international markets, we have also confirmed our ability to launch new businesses and prepare the future. Lastly, the 2003 renewal of the shareholders’ pact among our main shareholders (Caisse des Dépôts, La Poste, Caisses d’Epargne and the French State) gives us even greater stability. | 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 negative foreign exchange impact of EUR 22 million within equity (2009: EUR 1 million). As at 31 December 2010, the Group does not have any hedges of net investments in place. (See Note 26 – Insurance and financial risk) | 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 approximately $11 million. | 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 fair value through profit or loss; – those that the Group designates as available‑for‑sale; and – those that meet the definition of loans and receivables. | 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 reserves totaling $48 million, including strengthening of reserves by $49 million in first half of the year, as discussed in Commercial Lines Insurance Results of Operations, Commercial Lines of Business Analysis, Page 58. | 81 | 10K |
5260 | 932 | Premiums written, premiums earned and amounts related to reinsurance as of and for the years ended December 31, 2016, 2015, and 2014 are as follows ($ 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 the Banque Populaire Group’s corporate governance charter, as well as in five charters concerning the implementation of periodical controls (audit) and continuous controls (compliance, operational risks, financial risks and credit risks). | 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 members of the governing body, and natural or legal persons serving the members of the governing body in a fiduciary capacity. | 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 entered into in accordance with expected purchase and/or sale or usage requirements. | 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 $111.8 million in 2014. The increase was primarily due to the impact of the increase in premiums earned and increased focus on insurance operations resulting in increased operating expenses, including new hires. | 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 (including local authorities and agencies) and banks of Greece, Ireland, Portugal, Italy and Spain, which has been offset by an increase in market values. Information on our exposures to peripheral European sovereigns and banks is provided in notes 27(e) and 27(f). We continue to monitor closely the situation in the eurozone and have had additional restrictions on further investment in place since late 2009 as well as taking actions to reduce exposure to higher risk assets. However, in the light of the improving economic situation in Ireland, we plan to allow a modest increase in our exposure to Irish sovereign debt during 2014. | 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 year under review. 4 The 2008 compensation to Rolf Dörig, as Group CEO and BoD Delegate, is disclosed in its entirety under the compensation for the Corporate Executive Board. | 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 October 2008, our broker filed a prospectus with the SEC, which published a legally-binding offer to all authorized holders of auction-rate securities in our broker’s accounts (“the settlement”). The majority of our auction-rate securities qualify under the terms of our broker’s prospectus. The time frames that our broker has set for buybacks have different start dates based upon the individual client’s size, which is determined by each client’s balance of investments held at our broker. For the majority of our auction-rate holdings, the buybacks are expected to occur between July 2010 and two years thereafter. In November 2008, the Company elected to participate in our broker’s offer to purchase our auction-rate securities at par. In November 2008, we classified our portfolio of auction-rate securities as trading and recorded a realized loss of $11.1 million for the difference in fair value and carrying amount. The fair value of the settlement was $9.6 million which we elected to report in other assets with changes in fair value reported in other income. | 218 | 10K |
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