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fr_axa-AR_2005 | 2,238 | Total gross revenues were €1,225 million, 3% higher than last year. | 11 | annual_report |
SwissReAG-AR_2016 | 4,215 | We have played a prominent part in this initiative, joining up with utility company Veolia to help make the city’s vital systems more resilient to disasters, on the one hand, and to facilitate speedy relief and recovery on the other. At a ceremony celebrating Resilient Nola’s first anniversary in September | 50 | annual_report |
ch_zurich_insurance_group-AR_2009 | 1,165 | The Group continues to be subject to Solvency I requirements based on the Swiss Insurance Supervisory Law. The following table sets out the Solvency I position as fi led with FINMA for 2008 and as drafted for fi ling with the Swiss regulator for 2009. | 45 | annual_report |
Sampoplc-AR_2016 | 119 | Solvency II regulation came into effect on 1 January 2016. If applies Solvency II principles in the regulatory solvency calculations. During the year, the Swedish Financial Supervisory Authority approved If’s internal capital model for the Swedish legal entity. If has a strong capital base, good systems for reporting and internal control as well as a risk-based management model. In 2016, Standard & Poor's strengthened If's rating to A+ with a stable outlook. | 72 | annual_report |
5633 | 2,495 | The following table presents the estimated fair value of the Company’s OTC-bilateral derivatives that were in a net liability position after considering the effect of netting agreements, together with the estimated fair value and balance sheet location of the collateral pledged. OTC-bilateral derivatives that are not subject to collateral agreements are excluded from this table. | 55 | 10K |
StorebrandASA-AR_2007 | 2,299 | Cash and bank disposits at the end of the period 257.7 90.9 92.9 | 13 | annual_report |
HannoverRueckSE-AR_2012 | 2,404 | For the disclosures arising out of IAS 1 “Presentation of Financial Statements” with regard to the management of capital, the reader is referred to page 51 of the “Financial position” section of the management report. | 35 | annual_report |
BaloiseHoldingLtd-AR_2002 | 1,295 | The Bâloise-Holding registered shares are fully paid up and have a nominal value of CHF 0.1 (2001: CHF 0.1). A total of 560,000 shares at December 31, 2001 and 702,540 shares at December 31, 2002 were held by Group companies. Entry in the share register is limited to 2 percent of voting rights for individuals and bodies corporate. In the course of its normal investment business, the Baloise Group purchases and sells its own shares. | 75 | annual_report |
4749 | 466 | The Contribution Transactions were accounted for as a combination of entities under common control. As a result, the comparative financial information has been retrospectively adjusted to furnish comparative combined financial information from August 2010 (the date of common control). The application of this “as-if-pooling of interests” required the previously issued consolidated financial statements of Tiptree to be recast to reflect such activity. | 62 | 10K |
AvivaPLC-AR_2013 | 3,894 | Sales Long-term insurance and savings business 4,509 3,638 4,047 General insurance and health net written | 15 | annual_report |
2343 | 640 | The Company's insurance subsidiary is domiciled in Ohio and prepares its statutory-based financial statements in accordance with accounting practices prescribed or permitted by the Ohio insurance department. These principles differ significantly from accounting principles generally accepted in the United States of America. "Prescribed" statutory accounting practices include state laws, regulations, and general administrative rules, as well as a variety of publications of the National Association of Insurance Commissioners (NAIC). "Permitted" statutory accounting practices encompass all accounting practices that are not prescribed; such practices may differ from state to state, from company to company within a state, and may change in the future. UG's total statutory shareholders' equity was $ 21,860,401 and $ 13,008,198 at December 31, 2004 and 2003, respectively. The Company's life insurance subsidiary reported a statutory operating income (loss) before taxes (exclusive of intercompany dividends) of approximately $ (762,000), $ (1,461,000) and $ 2,700,000 for 2004, 2003 and 2002, respectively. | 152 | 10K |
4998 | 811 | Table 3 below summarizes the fair value by contractual maturities of the fixed maturities portfolio, excluding cash and cash equivalents, at December 31, 2014 and 2013. | 26 | 10K |
2583 | 1,150 | On June 27, 2001, two suits against the Company's subsidiary, Conseco Life Insurance Company, both purported nationwide class actions seeking unspecified compensatory and punitive damages, were consolidated in the U.S. District Court, Middle District of Florida, In Re PLI Sales Litigation, Cause No. 01-MDL-1404. The complaint alleges, among other things, fraudulent sales and a "vanishing premium" scheme. Conseco Life filed a motion for summary judgment against both | 67 | 10K |
2148 | 273 | Wesco’s shareholders’ equity at December 31, 2003 was $2.1 billion ($291.89 per share), up from $2.0 billion ($275.03 per share) at December 31, 2002. Shareholders’ equity included $426.5 million at December 31, 2003, and $374.6 million at December 31, 2002, representing appreciation in market value of investments, which is credited directly to shareholders’ equity, net of taxes, without being reflected in earnings. Because unrealized appreciation is recorded based upon market quotations, gains or losses ultimately realized upon sale of investments could differ substantially from recorded unrealized appreciation. Net unrealized appreciation constituted approximately 21% of shareholders’ equity at December 31, 2003 and 19% at December 31, 2002. (See Item 7A, Quantitative and Qualitative Disclosures About Market Risk, as well as Notes 1 and 3 to Wesco’s accompanying consolidated financial statements, for additional information on investments.) | 134 | 10K |
StorebrandASA-AR_2011 | 299 | Every year since 1996 Storebrand ASA has given its employees an opportunity to purchase shares in the company through a share purchase scheme. The purpose of the scheme is to involve the employees more closely in the company’s value creation. In | 41 | annual_report |
2949 | 1,150 | The Company’s net reserve for unpaid losses and loss expenses at December 31, 2005 and 2004, included $96.6 million and $92.4 million, respectively, that represents estimates of its net ultimate liability for asbestos and environmental claims. The increase in the net reserve for unpaid losses and loss expenses in 2005 is attributable to change in currency exchange rates offset by settlement of claims and was not the result of a change in the Company’s view of its ultimate liability for this business. The gross liability for such claims at December 31, 2005 and 2004, was $108.0 million and $104.6 million, respectively, of which $98.0 million and $94.7 million, respectively, relate to U.S. casualty exposures arising from business written by PartnerRe SA and PartnerRe U.S. Ultimate values for such claims cannot be estimated using traditional reserving techniques and there are significant uncertainties in estimating the amount of the Company’s potential losses for these claims. In view of the changes in the legal and tort environment that affect the development of such claims, the uncertainties inherent in valuing asbestos and environmental claims are not likely to be resolved in the near future. There can be no assurance that the reserves established by the Company will not be adversely affected by development of other latent exposures, and further, there can be no assurance that the reserves established by the Company will be adequate. The Company does, however, actively evaluate potential exposure to asbestos and environmental claims and establishes additional reserves as appropriate. The Company believes that it has made a reasonable provision for these exposures and is unaware of any specific issues that would materially affect its loss and loss expense estimates. | 279 | 10K |
5488 | 593 | 2017 reinsurance segment net loss and LAE includes $24.4 million of unfavorable prior accident year loss reserve development arising from the U.K. Ministry of Justice’s decision to significantly reduce the discount rate, referred to as the Ogden rate, used to calculate lump-sum bodily injury payouts in personal injury insurance claims in the U.K. | 53 | 10K |
4695 | 929 | In prior periods, the Company experienced maturities in respect of policies that were subject to subrogation claims of the LPIC Provider. These maturities were accounted for as contingent gains in accordance with ASC 450, Contingencies and the Company recognized gains only when all contingencies were resolved. Upon the execution of the Termination Agreement, the LPIC Provider released any and all subrogation claims and related salvage rights in the life insurance policies that had been characterized as “Life Settlements with Subrogation rights, net.” The Company did not reports any gains on maturities, net of subrogation in 2013 and, as a result of the Termination Agreement, the Company will no longer have any gains on maturities of life settlements with subrogation rights, net. | 121 | 10K |
3877 | 5,575 | Statutory capital and surplus and risk-based capital (“RBC”) ratios. Regulated life insurance entities are subject to risk-based capital requirements which are a function of these entities’ statutory capital and surplus and risk-based capital requirements. The impact of economic and market environment has both reduced statutory capital and increased risk-based capital requirements in a variety of ways. For instance, realized losses reduce available capital and surplus, equity market declines increase the amount of statutory reserves that insurers are required to hold for variable annuity guarantees while increasing risk-based capital requirements and credit downgrades of securities increase risk-based capital requirements. We have recently taken capital management actions to improve our capitalization and RBC ratio including, but not limited to, the sale of certain securities in our portfolio and entry into reinsurance arrangements. We may take similar actions in the future. Further, we have been approved to become a savings and loan holding company and have submitted an application to participate in the CPP under the TARP program and are currently considering whether to participate. Participation in the CPP would require that we complete the acquisition of a savings and loan company, submit to regulation by the Office of Thrift Supervision and adopt certain restrictions on our executive compensation practices. | 207 | 10K |
5534 | 950 | Non-refundable commitment fees are considered insurance premiums and are initially recorded under unearned premium revenue in the consolidated balance sheets when received. Once the related financial guarantee insurance policy is issued, the commitment fees are recognized as premium written and earned using the constant rate method. If the commitment agreement expires before the related financial guarantee is issued, the non-refundable commitment fee is immediately recognized as premium written and earned at that time. | 73 | 10K |
HannoverRueckSE-AR_2007 | 1,171 | Risk spreading through diversification Risk spreading across lines of business is referred to as diversification. In this way we are able to enhance the efficiency of the allocated capital while at the same time reducing the required equity resources. The diversification effect is determined using our internal risk model. Depending upon the capital required by our business segments and lines and their contribution to diversification, we define the cost of capital to be generated for each business unit. | 78 | annual_report |
4257 | 3,255 | The following table provides underwriting ratios for Other Insurance Operations for the years ended December 31, 2010, 2009 and 2008: | 20 | 10K |
NatwestGroupPLC-AR_2009 | 2,136 | As part of the strategic review, the designation of assets between Core and Non-Core divisions was completed during 2009. As the Non-Core division was not established until conclusion of the strategic review in the first quarter of 2009, constitution of the average, maximum and minimum VaR for Core and Non-Core has been prepared on a best efforts basis as these measures require daily data. | 64 | annual_report |
PosteItalianeSpA-AR_2019 | 6,924 | Financial assets at amortised cost (62) (115) (39,402) (1,742) - (41,321) (11,181) | 12 | annual_report |
969 | 195 | A summary of the Company's underwriting, acquisition and insurance expenses is as follows: | 13 | 10K |
StandardLifeAberdeenPLC-AR_2019 | 944 | • Our Audit Committee challenges reporting as part of financial planning and control processes | 14 | annual_report |
3734 | 2,910 | Catastrophe losses in 2008 were $3.34 billion and include estimates of losses for Hurricanes Ike and Gustav among other events. This compares to catastrophe losses in 2007 of $1.41 billion. Hurricane Ike is expected to be among the top three costliest U.S. hurricanes along with Hurricane Katrina of 2005 and Hurricane Andrew of 1992. Losses from Hurricane Ike were incurred in multiple states. Hurricane Ike losses in Texas were estimated to be $666 million, net of reinsurance, and losses in all other states, which primarily included losses in Ohio and Kentucky, were estimated to be $300 million. Hurricane Gustav is also expected to be among the top 10 costliest U.S. hurricanes. Catastrophe loss estimates include losses for approximately 173 thousand and 81 thousand claims for Hurricanes Ike and Gustav, respectively, on our auto, homeowners, commercial and other insurance products. These estimated claim counts include 129 thousand and 66 thousand for Hurricanes Ike and Gustav, respectively, that have been reported as of January 16, 2009. | 164 | 10K |
4412 | 732 | The financial strength of our major insurance subsidiaries is also rated by Standard & Poor’s and A. M. Best. The following chart presents these ratings for our four largest insurance subsidiaries at December 31, 2011. | 35 | 10K |
de_allianz-AR_2008 | 421 | 1) Broad range reflects travel allowances for non-German resident Board Members and a long-term service award for Dr. Perlet. 2) Actual bonus paid in 2009 for fiscal year 2008. | 29 | annual_report |
fr_axa-AR_2013 | 3,133 | The assessment of the leadership skills is based on the dimensions of the AXA Leadership Framework which includes: ■ strategic vision; ■ customer focus ; ■ change leadership; ■ results orientation; ■ building capability; ■ team leadership; ■ sharing to succeed; ■ living through AXA values. | 46 | annual_report |
fr_axa-AR_2018 | 2,545 | Catastrophic events, whether natural or man-made, such as hurricanes, tornadoes, windstorms, hailstorms, earthquakes, volcanic eruptions, freezes, floods, explosions, wildfires, pandemic diseases, terrorist attacks, cyber events, systemic cyber failures, military actions, and power grid and other core infrastructure (e.g., telephony or Internet infrastructures) failures could result in substantial volatility in or adversely aff ect our operations, results, financial condition, cash flows or solvency position, including as a result of claims occurring at higher levels or materially earlier than anticipated; losses resulting from disruptions in our operations or failures of our counterparties to perform; or declines in value of our investment portfolio. We monitor the evolution of these risks closely and generally seek to manage our exposure to them through individual risk selection, modelling and monitoring overall exposures and risk accumulation, purchase of third-party reinsurance, risk transfer transactions to capital markets and use of available data in estimating potential catastrophic risks. There can be no assurance, however, that we will be able to adequately anticipate such evolution, as a single catastrophic event, an accumulation of losses resulting from several events or an unusual frequency of smaller losses in a particular period may affect multiple geographic areas and lines of business, and the frequency or severity of catastrophic events could exceed our estimates. Accounting principles and rules preventing (re)insurers to reserve for catastrophic events until they occur may also augment the impact of such events. | 232 | annual_report |
NatwestGroupPLC-AR_2013 | 4,675 | Cash and balances at central banks — — — 79,269 79,269 Loans and advances to banks - reverse repos 34,659 — — 4,781 39,440 | 24 | annual_report |
HannoverRueckSE-AR_2019 | 2,346 | Supplementary or complete estimates of the corresponding profit and loss items, assets and liabilities including relevant retrocessions are made where ceding company accounts with substantial premium income are missing. Missing ceding company accounts with a low premium volume are included in the following year. | 44 | annual_report |
NatwestGroupPLC-AR_2020 | 4,189 | COVID-19 associated operational risk costs impacted upon the trend of increased losses recorded against the Business Disruption and System Failures event category. The increase in fraud continues to be primarily the result of NatWest Group having an increased liability for reimbursing customers impacted by authorised push payment scams. | 48 | annual_report |
AssicurazioniGeneraliSpA-AR_2014 | 1,577 | 137 notes to the consolIdAted FInAncIAl stAtement 138 Basis of presentation and accounting principles 169 Risk Report 170 1 The Risk Management | 22 | annual_report |
3026 | 1,177 | Financial Accounting Standard No. 48-Accounting for Uncertainty in Income Taxes. FIN 48 | 12 | 10K |
3704 | 2,527 | We had previously entered into interest rate swaps with an aggregated notional amount of $52.5 million that we had designated as cash flow hedges to manage interest costs and cash flows associated with the variable interest rates on our junior subordinated debt and our Surplus Notes. During 2007, we settled these interest rate swaps and received net proceeds of $578,000. | 60 | 10K |
HiscoxLtd-AR_2009 | 242 | Included within the Group’s profits are foreign exchange losses of £25.6 million reversing part of the £109.8 million gain recorded in the prior year. In addition, inherent within the underwriting result is the foreign exchange impact of the non retranslation of non monetary items. This resulted in a loss for the year of £53.2 million (2008: £36.1 million gain). Retranslation of non monetary items at year end rates of exchange | 70 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2004 | 1,970 | The following table shows the distribution of the net other provisions between the segments of the Group: Al figures in €m 31.12.2004 Prev. year | 24 | annual_report |
PhoenixGroupHoldingsPLC-AR_2016 | 138 | We will work closely with the FCA on the ongoing investigation into the conduct of Abbey Life in the period before the business was acquired by Phoenix. This work will continue during 2017 but Phoenix Life has already applied its own governance and customer model to the Abbey Life business and will take further action as required. | 57 | annual_report |
RaiffeisenBankInternationalAG-AR_2009 | 682 | A number of activities to ensure top performers’ loyalty to the company and systematic promotion were started in the network units. The above-mentioned human resources controlling system makes the success of those activities measurable and visible throughout the Group. As a result, turnover of these high potentials already declined in the period under review. | 54 | annual_report |
DirectLineInsuranceGroupPLC-AR_2019 | 1,353 | The Board was also supported in its review of the annual Internal Risk and Control Assessment. This process involved each function completing a self-assessment of its risks and key controls and an Executive Sponsor, responsible for the function, attesting to the status of the effectiveness of the risk management and internal control systems. The Risk function reviewed and challenged these findings and the Audit function provided an independent assessment of the overall effectiveness of the governance and risk and control framework of the Group. The Group then combined the overall findings into a Group-level assessment, which the CEO approved. The process included reporting on the nature and effectiveness of the controls, and other management processes that manage these risks. | 119 | annual_report |
4205 | 733 | The provision for income taxes increased from the prior year due to the increase in earnings. The effective tax rate on continuing operations decreased to 36.1% as compared to 37.5% for the prior year due primarily to the proportion of our earnings in states with lower tax rates. | 48 | 10K |
4742 | 864 | Net premiums and policy fees decreased $2.8 million, or 1.7%, for the year ended December 31, 2013, as compared to the year ended December 31, 2012. Service contract premiums decreased $3.3 million, or 2.5%, partly due to higher ceded premiums. Credit insurance premiums decreased $1.3 million, or 8.3%, primarily the result of decreasing sales and the related impact on earned premiums. The decreases were partially offset by an increase of $1.8 million, or 8.4%, in the GAP product line primarily due to lower ceded premiums. | 85 | 10K |
AssicurazioniGeneraliSpA-AR_2019 | 2,152 | In general, joint arrangements are contractual agreements whereby the Group undertakes with other parties an economic activity that is subject to joint control. Investments in joint arrangements are classified as either joint operations or joint ventures depending on the contractual rights and obligations each investor has rather than the legal structure of the joint arrangement. A joint venture is a type of joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the joint venture. Joint control exists when it is contractually agreed to share control of an economic activity, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. Generali Group has assessed the nature of its current joint arrangements and determined them to be joint ventures and none are joint operations. The considerations made in determining significant influence or joint control are similar to those necessary to determine control over subsidiaries. Investments in associates and joint ventures are accounted for using the equity method and they are initially recognized at cost, which includes goodwill arising on acquisition. Goodwill is not separately tested for impairment. Negative goodwill is recognized in the income statement on the acquisition date. The carrying amount of the investment is subsequently adjusted to recognize changes in the Group’s share of the net assets of the associate or joint venture since the acquisition date. The income statement reflects the Group’s share of the results of operations of the associate or joint venture. Any change in OCI of those investees is presented as part of the Group’s OCI. Dividends receivable from associates are recognized as a reduction in the carrying amount of the investment. At each reporting date, after application of the equity method the Group determines whether there is objective evidence that the investment in the associate or joint venture is impaired. If there is such evidence, the Group calculates the amount of impairment as the difference between the recoverable amount of the associate or joint venture and its carrying value, then recognizes the loss as share of losses of an associate in the income statement. Where the Group’s share of losses in an associate equals or exceeds its interest in the associate, including any other unsecured long-term receivables, the group does not recognize further losses, unless it has incurred obligations or made payments on behalf of the associate or joint venture. | 403 | annual_report |
2134 | 1,971 | financial and other resources. We also may theoretically face increased rate competition from certain not-for-profit health insurance organizations that would potentially be required by state regulation to reduce capital surpluses that have been excessive. | 34 | 10K |
NatixisSA-AR_2018 | 10,426 | For accounting, permanent and periodic controls apply to the completion and/or monitoring of: for justifying accounts, accuracy and veracity checks, such asa the procedures for management/financial account reconciliation (outstandings and income statement), reconciliation of cash accounts and checking and clearing of suspense items; consistency checks through analytical reviews;a checks to make sure income and expenses are allocated to thea correct period; verification that the presentation complies with accountinga rules; correct processing of specific transactions in line with thea relevant principles; verification of financial information (notes to the financiala statements, items of financial communication); adjustment of anomalies identified at the time of thesea controls as well as the corresponding analyses and documentation. | 111 | annual_report |
INGGroepNV-AR_2009 | 1,126 | Compensation of former members of the Supervisory Board who are not included in the above table amounted to nil in 2009, EUR 16 thousand in 2008, and to EUR 162 thousand in 2007. | 33 | annual_report |
SwissReAG-AR_2019 | 5,680 | We then explored how to use our Group Sustainability Strategy to further align our activities with the SDGs, and understand related strengths, opportunities and risks. | 25 | annual_report |
5796 | 572 | External assets under management of Investors Trust Company totaled approximately $568.6 million and $474.4 million as of December 31, 2019 and 2018, respectively. These amounts are not considered assets of the Company and, therefore, are excluded from the accompanying Consolidated Balance Sheets. | 42 | 10K |
5890 | 855 | We operate a private Medicare marketplace in the U.S. through which, along with our active employee marketplace, we help our clients move to a more sustainable economic model by capping and controlling the costs associated with healthcare benefits. Additionally, with the acquisition of TRANZACT in July 2019 (see Note 3 - Acquisitions and Divestitures), we also provide direct-to-consumer sales of Medicare coverage. | 62 | 10K |
gb_prudential-AR_2012 | 3,028 | A 10 or 20 per cent increase in their value would have an approximately equal and opposite effect on profi t and shareholders’ equity to the sensitivities shown above. The market risk sensitivities shown above refl ect the impact of temporary market movements and therefore, the primary effect of such movements would, in the Group’s segmental analysis of profi ts, be included within the short-term fl uctuations in investment returns. | 70 | annual_report |
LloydsBankingGroupPLC-AR_2015 | 6,316 | 23 Provide breakdowns of significant trading and non trading market risk factors. 146-150 24 Describe significant market risk measurement model limitations, assumptions and validation procedures. 146-150, Pillar 3 25 Describe the primary risk management techniques employed to measure and assess the risk of loss beyond reported risk measures and parameters, such as VaR, earnings or economic value scenario results. 146-150, Pillar 3 | 62 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2019 | 844 | In addition to natural hazard risks, exposure to cyber risks has also increased once again year on year. | 18 | annual_report |
2160 | 205 | Net premiums earned increased $248.1 million (26.8%) to $1,172.7 million in 2003, compared to $924.6 million in 2002 and $838.5 million in 2001. The increases in 2003, 2002 and 2001 are greater than the proportional increase in the corresponding direct premiums written because of the decrease in the quota share reinsurance arrangement with AIG subsidiaries from 6% in 2001 to 4% until September 1, 2002, at which time we entered into an agreement to cancel future cessions under this treaty. The cancellation resulted in a one-time pre-tax charge of $0.9 million. | 91 | 10K |
AvivaPLC-AR_2000 | 840 | In presenting the results for the year to 31 December 2000, the CGNU plc Group has complied with FRS16. Norwich Union plc adopted FRS16 in its 1999 accounts. Accordingly, dividend income within the comparative results for the year to 31 December 1999 for CGU plc only has been restated to a net of tax basis. | 55 | annual_report |
1627 | 366 | The Company's flood product line includes flood insurance, excess flood insurance, flood zone determinations, claims processing and flood compliance tracking services. The Company's basic flood | 25 | 10K |
nl_ing_grp-AR_2014 | 1,565 | C.W. (Carin) Gorter (Born 1963, Dutch nationality, female; appointed in 2013, term expires in 2017) | 15 | annual_report |
LloydsBankingGroupPLC-AR_2010 | 1,844 | Each customer’s circumstances are different so we use an affordability model, to better assess a customer’s ability to repay. We take into account customers’ current and past management of financial products. We also consider their ability to make repayments both at the time the account is opened, and throughout the duration of the loan, to ensure that the borrowing remains suitable to their circumstances. | 64 | annual_report |
NatixisSA-AR_2008 | 10,859 | Additional clause dated September 3, 2008: On the occasion of the Natixis capital increase which took place in September 2008, the majority shareholders decided to add another additional clause to the Agreement on September 3, 2008 so as to: agree that if, subsequent to a “dilutive event”, their investment ■ | 50 | annual_report |
4281 | 1,226 | Underwriting expenses and underwriting expense ratio. The increase in underwriting expenses results from the increase in gross premiums earned, primarily related to the CastlePoint acquisition. The gross underwriting expense ratio of 32.6% for the year ended December 31, 2009 decreased from the gross expense ratio of 34.4%, as the increase in gross earned premiums outpaced the growth in underwriting expenses. The net expense ratio in 2009 was 40.6% as compared to 39.6% in 2008, and the increase in the net expense ratio is due to lower ceding commission revenues from the reduced quota share business in 2009. | 97 | 10K |
RSAInsuranceGroupPLC-AR_2019 | 254 | Taking a fresh approach to Environmental, Social and Governance (ESG) 2019 saw the launch of our Confident Futures strategy, which seeks to integrate responsible business practices into our everyday operations and marks a more integrated approach to managing environmental and social matters across the business. For further details, see pages 44 to 46. Throughout the year, we have seen growing stakeholder interest in our approach to responsible business issues, particularly among investors, regulators and the workforce, and we consider the proper management of ESG matters to be vital to the long-term sustainable prospects of the Group. | 96 | annual_report |
4594 | 588 | We have audited the accompanying consolidated balance sheets of Baldwin & Lyons, Inc. and subsidiaries (the Company) as of December 31, 2012 and 2011, and the related consolidated statements of operations, comprehensive income (loss), shareholders' equity and cash flows for each of the three years in the period ended December 31, 2012. Our audits also included the financial statement schedules listed in the Index at Item 15(a). These financial statements and schedules are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements and schedules based on our audits. | 96 | 10K |
5443 | 1,126 | At December 31, 2015, Torchmark met the criteria to account for its Medicare Part D Prescription Drug Plan business as a discontinued operation. Historically, the business was a reportable segment. Effective July 1, 2016, Torchmark sold its Medicare Part D Prescription Drug Plan business to an unaffiliated third party. | 49 | 10K |
PhoenixGroupHoldingsPLC-AR_2016 | 3,591 | The ability of subsidiaries to transfer funds to the Group in the form of cash dividends or to repay loans and advances is subject to local laws, regulations and solvency requirements. | 31 | annual_report |
4580 | 395 | We expect our Managing General Underwriter line (“MGU”), which provides a significant contribution to Health profits, to continue to grow during 2012. Most of the income associated with this line is fee income included in “Other income” of the Health segment’s operating results; we retain only 10% of the MGU premium. | 51 | 10K |
3346 | 1,133 | The following schedule entitled “Valuation and Qualifying Accounts” summarizes the Allowance for Doubtful Accounts activity for the periods ended December 31, 2007, 2006 and 2005. Additions to the allowance for doubtful accounts are charged to expense. | 36 | 10K |
TrygAS-AR_2005 | 142 | The combined ratio improved over the year because claims frequencies were lower and because the effect of claims procurement initiatives materialised sooner than anticipated. Run-off gains also pushed up the forecast profit. TrygVesta’s provisioning policy assumes that run-off gains are more likely than run-off losses in a normal year. | 49 | annual_report |
2462 | 1,197 | On January 1, 2004, the Company adopted the American Institute of Certified Public Accountants' (the "AICPA") Statement of Position 03-1, "Accounting and Reporting by Insurance Enterprises for Certain Nontraditional Long-Duration Contracts and for Separate Accounts" ("SOP 03-1"). The major provisions of SOP 03-1 that affect the Company require: | 48 | 10K |
2077 | 341 | Net premiums earned for 2002, 2001 and 2000 have been reduced by reinsurance ceded premiums of approximately $63,790, $37,706 and $23,943, respectively. Net losses and loss expenses incurred for 2002, 2001 and 2000 have been reduced by ceded reinsurance recoveries of approximately $60,055, $72,701 and $40,586, respectively. Ceded reinsurance premiums and loss recoveries for catastrophe reinsurance contracts were not material. The Company remains liable to the extent the reinsuring companies are unable to meet their obligations under reinsurance contracts. | 79 | 10K |
fr_axa-AR_2007 | 6,102 | 25.2.7. Change in the liability recognized in the balance sheet (excluding separate assets) | 13 | annual_report |
3949 | 323 | On a combined basis, profit margin was 6.8% in 2009 and loss margin was (1.7%) in 2008. Total revenues increased 0.3% in 2009 and operating expenses decreased, contributing to a higher combined profit margin for 2009. | 36 | 10K |
ch_zurich_insurance_group-AR_2006 | 2,259 | American Depositary Receipts Zurich Financial Services has an American Depositary Receipt program with The Bank of New York (BNY). For more information call BNY’s ADR Services Center in the USA +1-888-BNY-ADRs (1-888-269-2377) or outside the USA on +1-212-815-3700. | 38 | annual_report |
3760 | 1,138 | Income tax expense (benefit) consisted of the following for the years ended December 31, 2008, 2007, and 2006. | 18 | 10K |
2309 | 348 | As defined by reporting regulations, our consolidated contractual obligations as of December 31, 2003, follow: | 15 | 10K |
NatixisSA-AR_2007 | 3,251 | US asset management companies and recorded close to €25 billion in net new money over the year. Net banking income climbed 21% at constant exchange rates, boosted by a high level of performance-related commissions on alternative and real estate funds; 2007 was a very busy year for all Services activities and featured a 13% increase in net banking income, good organic growth on all business lines, and a strengthening of business relations with shareholder networks; ■ | 76 | annual_report |
1126 | 494 | PROTECTION OF PROPRIETARY PROGRAMS AND SERVICES MAY BE INADEQUATE TO PREVENT LEAKS OR THEIR USE BY OTHERS | 17 | 10K |
NatwestGroupPLC-AR_2007 | 2,348 | UK-based executive directors normally have a maximum annual incentive potential of between 160% and 200% of salary. For exceptional performance, as measured by the achievement of additional challenging objectives, executive directors may be awarded incentive payments of up to 200% | 40 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2016 | 393 | Remuner- Basic ation in Annual Multi-year Financial remuner- kind/fringe perform- perform- Name year ation benefits ance1 ance2 Other Total thereof for Munich Reinsurance Company 337,500 39,677 229,744 1,500,000 2,106,921 thereof for Munich Reinsurance Company 94,063 801 72,691 750,000 917,555 | 39 | annual_report |
2964 | 976 | Net gains or losses on investments are influenced by market conditions when an investment is sold, and will vary from year to year. | 23 | 10K |
AdmiralGroupPLC-AR_2010 | 742 | Awards to Kevin Chidwick under the DFSS and SIP Price at Value at Value at Final vesting/ At start Awarded Vested At end award award date 31/12/010 or Date of maturity Type of year during year during year of year (£) (£) maturity (£) award date * The closing price of Admiral shares on 31 December 2010 was £15.15 per share. | 61 | annual_report |
BaloiseHoldingLtd-AR_2017 | 163 | The gains on the investment of insurance assets amounted to CHF 1,621.6 million, which was above the 2016 level of CHF 1,578.9 million. Recurring current income stood at CHF 1,300.5 million (2016: CHF 1,379.3 million). The gains on investments achieved for insurance assets equated to a net return of 2.9 per cent. The rate of return on insurance assets according to IFRS – which includes unrealised net gains and losses on investments but excludes gains and losses on held- to-maturity debt instruments – was 2.5 per cent, representing a decrease on the 3.1 per cent rate of return according to IFRS in 2016. | 103 | annual_report |
NatwestGroupPLC-AR_2013 | 3,112 | Key points • A number of refinements have been made in 2013 to the reporting of wholesale forbearance as explained below: ° Change in reporting thresholds from £10 million to £3 million, increased forbearance reported by £1.7 billion. | 38 | annual_report |
2900 | 1,178 | The Company has recorded interest expense associated with other ceded reinsurance agreements, and not reflected in the table above, of $44 thousand, $18 thousand and $775 thousand for the years ended December 31, 2005, 2004 and 2003, respectively. | 38 | 10K |
5568 | 1,116 | The increase in our P&C operating segment was primarily driven by increases in our Excess Casualty, Other P&C, Auto and Environmental divisions, partially offset by a decrease in our Primary Casualty division. The increase in our Excess Casualty division was primarily attributable to new business resulting from increases in construction project coverage. The increase in our Other P&C division was driven by new business production and an increase in rates in our Property product, as well as the transfer of the management of our Custom Bonds product from the Marine operating segment to our Surety product in our Other P&C division. The increase in our Auto division was due to new business production and strong rates on renewals. The increase in our Environmental division was attributable to new business with increased opportunities in the market. The decrease in our Primary Casualty division was driven by the nonrenewal of underperforming accounts. | 150 | 10K |
GjensidigeForsikringASA-AR_2014 | 784 | The total assets under management increased by NOK 6,364.3 million (5,371.3), amounting to NOK 32,214.5 million (25,850.2) at year end. | 20 | annual_report |
Sampoplc-AR_2016 | 391 | PPositions of Tositions of Trusrust 12/31/2016t 12/31/2016 BW Group, Board Member | 11 | annual_report |
HannoverRueckSE-AR_2009 | 449 | The loss experience in the year under review was moderate. Typhoon “Melor” produced only minimal strains for our account. Overall, we are very satisfied with the results of our Japanese business. | 31 | annual_report |
4292 | 1,949 | Fiduciary assets include approximately $283 million and $577 million of fixed income securities classified as available for sale at December 31, 2010 and 2009, respectively. Unrealized gains or losses from available for sale securities are recorded in other comprehensive income until the securities are disposed of, or mature. Unrealized gains, net of tax, on these securities were $5 million and $12 million at December 31, 2010 and 2009, respectively. | 69 | 10K |
5938 | 1,268 | The $4.7 reduction of prior accident year loss reserves related to Farm, Ranch & Stable primarily consisted of the following: | 20 | 10K |
5033 | 1,362 | The Insurance Companies must comply with minimum capital requirements under applicable state laws and regulations. The RBC formula is used by insurance regulators to monitor capital and surplus levels. It was designed to capture the widely varying elements of risks undertaken by writers of different lines of insurance business having differing risk characteristics, as well as writers of similar lines where differences in risk may be related to corporate structure, investment policies, reinsurance arrangements, and a number of other factors. The Company periodically monitors the RBC level of each of the Insurance Companies. As of December 31, 2015, 2014, and 2013, each of the Insurance Companies exceeded the minimum required RBC levels, as determined by the NAIC and adopted by the state insurance regulators. None of the Insurance Companies’ RBC ratios was less | 133 | 10K |
NatixisSA-AR_2019 | 11,653 | […] Shareholders may vote by postal ballot or by proxy in accordance with the terms and conditions set forth in law and in regulatory provisions. By decision of the Board of Directors, the shareholders can take part in the Meetings via videoconferencing or vote by any means of telecommunication and teletransmission, including the Internet, under the conditions set forth in the regulations that are applicable at the time of using them. This decision is communicated in the notice of meeting published in the B.A.L.O.: Bulletin des Annonces Légales Obligatoires (Gazette of Mandatory Legal Notices). Those shareholders who use for this purpose the electronic voting form made available on the website by the coordinator of the Shareholders’ Meeting, within the required timeframes, are considered present or represented. The electronic form can be filled in and signed directly on the site by any means approved by the Board of Directors in accordance with the applicable legislative and regulatory provisions and meeting the conditions set forth in the first sentence of the second paragraph of Article 1316-4 of the French Civil Code [i.e. the use of a reliable method of identification that guarantees that the signature and the form are linked together]. This can consist, in particular, of a login and a password. The proxy thus given or the vote thus cast before the meeting by these electronic means, and the acknowledgement of receipt issued, shall be considered to be written and irrevocable statements and as demurrable to all parties. It is stipulated that, should securities be transferred before the second business day preceding the meeting at twelve midnight Paris time, the Company shall consequently void or amend, as the case may be, the proxy given or the vote cast before this date and time. | 292 | annual_report |
gb_lloyds_banking_grp-AR_2005 | 880 | i) Market price on day of exercise was 497p. In that regard Mr Daniels made a gain of £1,077,312. This is the difference between the market price of the shares on the day on which the share option was exercised and the price paid for the shares. | 47 | annual_report |
4036 | 903 | The increase in consolidated gross written premiums and earned premiums for the year ended December 31, 2009 as compared to the same periods in 2008 and 2007 was primarily attributable to the operations of Argo Re and Argo International. Earned premiums from Argo International were $424.1 million for the year ended December 31, 2009 compared to $183.4 million from the date of acquisition through December 31, 2008. Earned premiums from Argo Re were $75.4 million for the year ended December 31, 2009 compared to $52.4 million and $1.0 million for the years ended December 31, 2008 and 2007, respectively. Argo Re began operations during the third quarter of 2007. Most of the Company’s product lines have experienced increased competition and/or reduced rates during 2009, with the exception of Argo Re where property catastrophe pricing increased relative to 2008. Earned premiums for the year ended December 31, 2008 were reduced by $3.5 million for net reinstatement premiums related to property catastrophe reinsurance contracts as a result of hurricane activity in 2008. | 170 | 10K |
gb_prudential-AR_2019 | 2,317 | These reports also provided the Committee with: regulatory updates; developments in the Group’s internal model; the implications of the developing global capital standards including the engagement with the Hong Kong IA on the development of an industry group capital and risk management framework; and developments in relation to the Group’s designation as a G-SII. | 54 | annual_report |
1247 | 271 | No commentary on the last year of the millenium (although it really wasn't) would be complete without some mention of the bug that didn't bite, Y2K. I suppose we will never know how much this foolishness cost. The expenses incurred can be divided into two categories. The necessary expenses, those incurred to rewrite computer programs and test the systems (this work had largely been completed prior to 1999) and the ridiculous ones incurred to produce paper to fill other people's files. With the preparation of emergency plans, making of filings and conducting of audits, by year-end this part of the fiasco took on the appearance of a Chinese fire drill. Then "poof," nothing happened! Cassandra struck out again. Oh well, our Board Meetings should be a lot shorter now that we don't have Y2K to talk about. | 137 | 10K |
1984 | 412 | Certain reclassifications have been made to the 2001 and 2000 financial statements and related footnotes to conform to the 2002 presentation. These changes in classification had no effect on previously reported stockholder's equity or net income. | 36 | 10K |
1644 | 991 | The Company’s general account asset-backed security (ABS) investments include home equity/improvement ABSs and equipment lease ABSs, among others. As of December 31, 2001, ABSs were $3.90 billion (21%) of the carrying value of the general account fixed maturity securities available-for-sale. | 40 | 10K |
Sampoplc-AR_2004 | 1,230 | By geographical segment Finland 2,086 Sweden 1,798 Norway 1,750 Estonia 482 Denmark 400 Lithuania 136 Latvia 69 England 25 Other 30 | 21 | annual_report |
5900 | 1,565 | During the third quarter of 2018, we completed our annual review of policy reserve adequacy, which incorporated our most recent experience and included a review of all assumptions. Based on our analysis, during the third quarter of 2018, we updated our reserve assumptions and determined that our policy and claim reserves should be increased by $750.8 million of which, approximately $236 million was related to our liability for unpaid claims and claims adjustment expenses, which can be primarily attributed to prior year incurred claims, thereby impacting the results shown in the preceding chart. | 93 | 10K |
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