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PhoenixGroupHoldingsPLC-AR_2014
1,176
– The performance measures applied to AIP will be set by the Remuneration Committee and may be financial or non-financial and corporate, divisional or individual and in such proportions as it considers appropriate
33
annual_report
AegonNV-AR_2016
949
Aegon the Netherlands also offers products for small and medium-sized companies, both defined benefit and defined contribution products on a subscription basis. These products reduce complexity and enable Aegon to adapt the tariffs, cost loadings and risk premiums annually. Customers also have the opportunity on an ann...
92
annual_report
TopdanmarkAS-AR_2012
608
Provisions are generally calculated on a monthly basis across all lines of business. The claims trend is assessed monthly, followed up by any necessary price changes.
26
annual_report
1774
501
As further described under "Legal Proceedings", seven holders of our bank debt have challenged the validity of the amendment to the credit agreement that changes provisions related to mandatory prepayments.
30
10K
de_allianz-AR_2017
2,283
In January 2018, Allianz launched a simplified cash tender offer to acquire the remaining 8,769,824 outstanding Euler Hermes shares not already owned by Allianz at the price of € 122 per share. The tender offer was open from 15 January until 13 February 2018. During this period, the Allianz Group extended its ownership...
56
annual_report
INGGroepNV-AR_2018
140
Strong economic growth and an associated increase in interest rates contributed to a general US
15
annual_report
NatixisSA-AR_2009
5,071
The following financing commitments fall within the scope of IAS 39: a commitments classified as financial liabilities at fair value through profit and loss. If an entity has a practice of reselling or securitizing loans immediately after they are issued, these loans are accounted for in accordance with IAS 39 as from ...
79
annual_report
5247
842
We assess our investments in other entities at inception to determine if any meet the qualifications of a VIE. We consider an investment in another company to be a VIE if either (a) the total equity investment at risk is not sufficient to permit the entity to finance its activities without additional subordinated finan...
172
10K
5571
2,054
The following selected financial data has been derived from the Company’s audited consolidated financial statements. The statement of operations data for the years ended December 31, 2018, 2017 and 2016, and the balance sheet data at December 31, 2018 and 2017 have been derived from the Company’s audited consolidated f...
129
10K
fr_axa-AR_2011
6,952
Sub-total: Equity instruments held directly 4,748 2,932 999 1,018 1,312 875 563 1,687 14,134
14
annual_report
5151
688
We report a deferred tax asset arising from the portion (20%) of unearned premiums that are otherwise recognized as taxable income in advance of being earned for financial reporting purposes. Accordingly, our income taxes currently paid and payable also reflect this temporary difference between taxable income and earne...
102
10K
5393
641
Net Investment Income. Net investment income increased 8.1% to $286.3 million in 2017 compared with net investment income of $264.8 million in 2016. Net pre-tax investment income as a percentage of average invested assets was 3.2% in 2017, compared to 2.8% in 2016. The increases in income and yield in 2017 were primari...
81
10K
PosteItalianeSpA-AR_2020
599
The new Postepay Digital offer has been developed: a digital prepaid card that can be requested in the app and activated immediately
22
annual_report
gb_prudential-AR_2004
1,361
The apportionment of the deficit between the estimated amounts attributable to the PAC with-profits fund and shareholders' operations reflects the activities of the retired and active members of the schemes.
30
annual_report
3648
1,701
The change in effective tax rates between years accounts for the remainder of the decrease in income from continuing operations.
20
10K
NatwestGroupPLC-AR_2017
1,169
Annual statement from the Chairman of the Group Performance and Remuneration Committee 84
13
annual_report
2456
1,240
On November 30, 2004, Anthem and WellPoint Health Networks Inc. (“WHN”) completed their merger. WHN merged with and into Anthem Holding Corp., a direct and wholly-owned subsidiary of Anthem, with Anthem Holding Corp. as the surviving entity in the merger. In connection with the merger, Anthem amended its articles of in...
95
10K
4881
902
A summary of current and long-term investments, available-for-sale, at December 31, 2014 and 2013 is as follows:
17
10K
fr_axa-AR_2008
3,279
• IFRIC 14 – IAS 19 – The Limit on a Defined Benefit Asset, Minimum Funding Requirements and their Interaction, published on July 4, 2007; • IFRIC 11 – Group and Treasury Share Transactions, published on November 2, 2006, that addresses the application of IFRS 2 to share-based payment arrangements in three cases. When ...
152
annual_report
4404
3,062
We have audited the accompanying consolidated statements of financial position of Erie Indemnity Company as of December 31, 2011 and 2010, and the related consolidated statements of operations, shareholders’ equity and noncontrolling interest, and cash flows for each of the three years in the period ended December 31, ...
93
10K
4613
2,538
In December 2011, certain executives of the Company elected to invest a portion of their accounts under the Assured Guaranty Corp. supplemental employee retirement plan (“AGC SERP”) in 68,181 units in the employer stock fund in the AGC SERP. Each unit in the employer stock fund represents the right to receive one AGL c...
103
10K
4191
1,623
Our long-term care insurance business increased $175 million primarily as a result of the aging and growth of our long-term care insurance in-force block and lower terminations in 2010. Additionally, in the fourth quarter of 2010, we recorded $19 million of an increase in claim reserves associated with an annual review...
69
10K
RaiffeisenBankInternationalAG-AR_2005
1,380
Loans and advances to banks 204 223 13 (346) - 85 178
12
annual_report
5789
938
The following table presents revenue by the geography where our work was performed for the years ended December 31, 2019 and 2018. The reconciliation to total revenue on our consolidated statements of comprehensive income and to segment revenue is shown in the table above.
44
10K
ch_zurich_insurance_group-AR_2013
2,671
Tables 22.3a and 22.3b provide a breakdown of the key information included in tables 22.1a and 22.1b for the main countries for the years ended December 31, 2013 and 2012 respectively.
31
annual_report
3461
749
The expense ratio (GAAP basis) in 2007 (policy acquisition costs and other operating expenses related to premiums earned) was 27.4% compared with 27.5% in 2006. The majority of expenses vary directly with premiums.
33
10K
5050
286
ALCO’s main subsidiaries, ALC, CAC and ESA use the Hong Kong dollar as its currency. The exchange rate for HK$ to US dollars has varied by very little during the period between 2014 and 2015. Thus, the consistent exchange rate used has been 7.80 HK$ per each US dollar. Since there have been no greater fluctuations in t...
123
10K
fr_axa-AR_2012
8,385
(c) The decrease is mainly due to margin calls paid to bank counterparties under collateral agreements linked to the management of derivative instruments, which amounted to €3,366 million at end-2012, compared with €3,972 million at end-2011, mainly due to the unwinding of the foreign-exchange positions.
45
annual_report
2925
1,253
GIAs: Fair values of AIG’s obligations under investment type agreements were estimated using discounted cash flow calculations based on interest rates currently being offered for similar agreements with maturities consistent with those remaining for the agreements being valued.
38
10K
4337
1,633
The Parent Company issued yen-denominated Samurai notes totaling 30 billion yen in June 2007. The Samurai notes have a five-year-maturity, pay interest semiannually, may only be redeemed prior to maturity upon the occurrence of a tax event as specified in the respective bond agreement and are not available to U.S. pers...
51
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2016
2,003
Earnings per share 2016 Prev. year Consolidated result attributable to Munich Reinsurance Company equity holders €m 2,580 3,107 Weighted average number of outstanding shares 159,975,155 165,893,895 Earnings per share € 16.13 18.73
32
annual_report
3775
588
Mutual, residential mortgage-backed securities collateralized by Alt-A mortgages, and preferred stock holdings in Fannie Mae and Freddie Mac. These losses were partially offset by mark-to-market gains of $212.9 million on embedded derivatives related to reinsurance arrangements.
36
10K
5197
655
Net investment income decreased by 5.9% to $273.3 million in 2015, compared with net investment income of $290.3 million in 2014. Net pre-tax investment income, as a percentage of average invested assets, was 3.1% in 2015 compared to 3.5% in 2014. The decline in income and yield was primarily the result of lower reinve...
68
10K
3615
1,465
Based on the fair values of the Company’s non-U.S. dollar denominated investments and derivative instruments (including its yen based individual fixed annuity product) as of December 31, 2007 and 2006, management estimates that a 10% unfavorable change in exchange rates would decrease the fair values by an after-tax to...
124
10K
990
147
The following information of the Predecessor is presented for the three months ended December 31, 1996, for the nine months ended September 30, 1997 and 1996 and for the years ended December 31, 1996, 1995 and 1994. The selected financial information of the Predecessor does not include data with respect to assets, liab...
82
10K
5420
1,567
Net combined ratio (non-GAAP). The net combined ratio (non-GAAP) is a measure of an insurance company’s overall underwriting profit. This is the sum of the net loss ratio and net operating expense ratio (non-GAAP). If the net combined ratio (non-GAAP) is at or above 100 percent, an insurance company cannot be profitabl...
79
10K
4107
1,312
International mortgage insurance. Results of our international mortgage insurance business are affected by changes in regulatory environments, employment and other economic and housing market trends, including interest rate trends, home price appreciation, mortgage origination volume, levels of mortgage delinquencies a...
108
10K
4163
2,053
In connection with the Transfer, the Company issued the Senior Health Note payable to Senior Health. The Senior Health Note is unsecured and bears interest at a rate of 6.0 percent per year payable quarterly, beginning on March 15, 2009. We are required to make annual principal payments of $25.0 million beginning on No...
191
10K
3557
2,025
financial services companies are frequently the targets of litigation, including class action litigation, which could result in substantial judgments;
19
10K
SwissReAG-AR_2015
2,598
States of the United States and political subdivisions of the states 325 9 6 1 331 10
17
annual_report
INGGroepNV-AR_2019
2,039
ING’s contractual notice period of six months, he continued to advise the company until 31 August 2019. In line with applicable regulations a severance payment was granted. Although entitled to a maximum severance payment of one year’s fixed annual pay, the Supervisory Board at its discretion set the severance pay at a...
60
annual_report
AdmiralGroupPLC-AR_2017
1,425
Additional fee for being Senior Independent Director £11,025 £10,500 1. The 2018 fee for the Board Chairman increased by 2.5% from £300,000 to £307,500 and comprises a cash fee of £215,250 and a share fee of £92,250 with which the Chairman is required under a Share Agreement entered into with the Group to use the net p...
79
annual_report
StandardLifeAberdeenPLC-AR_2009
1,794
The total Group exposure to investment property and financial assets has been segmented below based on the stakeholder subgroup with which the market and credit risk relating to those assets lies.
31
annual_report
5845
1,031
The Board of Directors has authorized a non-qualified deferred compensation plan covering key executives of the Company (as designated by the Board of Directors). The Company’s policy is to fund the plan by amounts that represent the excess of the maximum contribution allowed by the Employee Retirement Income Security ...
95
10K
5914
629
The Company has received and continues to receive claims from policyholders who allege that they are liable for injury or damage arising out of their alleged disposition of toxic substances, frequently under policies issued prior to the mid-1980s. These claims are mainly brought pursuant to various state or federal sta...
199
10K
3962
960
The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of th...
77
10K
TrygAS-AR_2017
1,211
Assets Intangible assets 51 58 Financial assets 121 1,471 Total reinsurance of provisions 49 0 Receivables, other assets and accrued income 113 0
23
annual_report
5421
824
(2) PMIERs financial requirements as reported by NMIC took effect as of December 31, 2015.
15
10K
fr_axa-AR_2000
2,365
Management Board must, within four months from the approval of the accounts showing this loss, convene an extraordinary general meeting of shareholders in order to decide whether AXA ought to be dissolved before the end of its statutory term. If the dissolution is not declared, the share capital must be reduced, subjec...
125
annual_report
1884
938
We have defined contribution retirement and savings plans covering eligible employees. Our contribution to these plans is based on various percentages of compensation, and in some instances, on the amount of our employees’ contributions to the plans. The cost of these plans amounted to approximately $34.8 million in 20...
145
10K
3227
1,132
Effective January 1, 2006, FPIC restructured its property reinsurance agreement covering the first $2,000 of loss from an 80% quota share to a $1,650 excess of $350 excess of loss contract to take advantage of the Group’s capital. The restructuring also included the assumption of ceded unearned premium at January 1, 20...
102
10K
ScorSE-AR_2019
5,033
In 2019, currency forward purchases and sales generated unrealized profits of EUR 28 million.
14
annual_report
5371
1,937
The judgments and uncertainties surrounding management’s reserve estimation process and the potential for reasonably possible variability in management’s most recent reserve estimates may also be viewed by looking at how recent historical estimates of reserves have developed. The following table shows (dollars in milli...
84
10K
fr_axa-AR_2010
4,417
The acquisition period of the Performance Unit plan launched on April 2, 2009 with 160,025 Performance Units initially granted to 216 benefi ciaries in Japan will end on April 2, 2011.
31
annual_report
gb_prudential-AR_2005
1,096
Advisory Council in Switzerland. He remains a director of Nestlé companies in India and Japan, and was appointed Chairman of the Evian Group in 2001, a think tank and forum for dialogue promoting free trade. He also serves as a nonexecutive director on the Boards of the Bobst
48
annual_report
Sampoplc-AR_1999
42
Sampo-Leonia is the first full-service financial group eo operate in the Finnish market. Various forms of long-term saving together with the need for a set management in par­ ticular are expanding wifely in line with the growth in private households' financial a ecs.
43
annual_report
TrygAS-AR_2013
710
Under the Danish Companies Act, employees are entitled to elect a number of representatives to the Board, equal to half the number of other members at the time employee elections are held. Tryg has agreed with Tryg’s staff organisations that two board members are elected among employees in Denmark, one among employees ...
85
annual_report
NatixisSA-AR_2014
4,277
V Joint operations are partnerships in which the parties exercising joint control of the arrangement have rights to the assets, and obligations for the liabilities, related to the arrangement. An investment in a joint operation is recorded by incorporating all of the interests held in the joint operation, i.e. its shar...
97
annual_report
AdmiralGroupPLC-AR_2018
14
Financial Statements 113 Independent Auditor’s Report 122 Consolidated Income Statement 123 Consolidated Statement of Comprehensive Income 124 Consolidated Statement of Financial Position 125 Consolidated Cash Flow Statement 126 Consolidated Statement of Changes in Equity 127 Notes to the Financial Statements 179 Paren...
58
annual_report
AegonNV-AR_2009
1,587
1 Please note that AEGON’s common shares are scheduled to be delisted from the Tokyo Stock Exchange on March 27, 2010. The company’s shares will continue to be traded in Amsterdam, New York and London.
35
annual_report
fr_axa-AR_2012
7,203
Total number of shares subscribed (in million shares) 1.9 27.8 2.3 34.5
12
annual_report
4083
1,025
On April 1, 2008, the Company and certain of its subsidiaries completed the sale of substantially all of their healthcare insurance business to a subsidiary of CIGNA Corporation (“CIGNA”) for $1.5 billion in cash. During the year ended December 31, 2008, the Company recognized a gain in the amount of $681,528, net of i...
249
10K
LloydsBankingGroupPLC-AR_2019
6,978
O ther inform ation Lloyds Banking Group Annual Report and Accounts 2019 309
13
annual_report
5790
1,189
million in support of the $125.0 million advance that was repaid on January 2, 2019, and for periodic short-term borrowings. There were no borrowings outstanding with the FHLB at December 31, 2019 or 2018.
34
10K
StandardLifeAberdeenPLC-AR_2006
847
Ordinary shares of £0.10 each 3,000,000,000 300 Redeemable preference shares of £1 each 50,000 –
15
annual_report
HiscoxLtd-AR_2007
1,194
Current estimate of cumulative claims 675,393 345,767 383,093 584,437 1,057,875 488,644 685,965 4,221,174 Less: Attributable to external Names (172,846) (72,228) (88,261) (137,166) (274,629) (96,871) (129,038) (971,039)
26
annual_report
3379
2,101
The fair values of securities on loan at December 31, 2007 and 2006 are detailed below.
16
10K
5605
8,746
Specialty Transportation: NSM’s specialty transportation controlled premium and commission and fee revenue growth in 2018 was due in part to organic growth in the ACI program. In addition, profit commissions in this vertical were higher in 2018 compared to 2017, as there were no major catastrophes in 2018, while profit...
62
10K
RaiffeisenBankInternationalAG-AR_2020
5,376
The liquidity position is monitored on Group level and on individual unit level and is restricted by means of a comprehensive limit system. Limits are defined both under a business as usual as well as under a stress perspective. In accordance with the defined risk appetite, each Group unit must demonstrate a survival h...
173
annual_report
PosteItalianeSpA-AR_2018
82
�� Enhancement of the role played by information systems in driving business growth through the introduction of new technologies and the Group’s digital transformation.
24
annual_report
5320
531
The business strategy for both RRL and Holdings is to produce both underwriting profits and investment-related returns by investing reinsurance premiums and corporate capital.
24
10K
266
221
Activity in the valuation allowance for all mortgage loans for the year ended December 31, 1995 is summarized as follows:
20
10K
RSAInsuranceGroupPLC-AR_2008
581
The Board considers that the current reporting framework delivers sufficient information to monitor the systems of internal control and to review their effectiveness as required by the Combined Code. The Board therefore considers that an ongoing process for identifying, evaluating and managing the significant risks fac...
86
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_1999
1,244
Contingent liabilities Possible obligations whose existence will be confirmed by the occurrence or non-occurrence of an uncertain future event and which are therefore not shown as liabilities in the balance sheet. They must, however, be included in the notes to the financial statements (example: guarantee obligations).
46
annual_report
HannoverRueckSE-AR_2018
126
The Executive Board and representatives of the Investor Relations department cultivated the dialogue with institutional investors continuously throughout the financial year just ended. The focus of their efforts remained on the financial centres of Europe and North America. While the number of capital market conference...
161
annual_report
5597
1,076
We accounted for the tax effects of the Tax Cuts and Jobs Act (“Tax Act”), enacted on December 22, 2017, on a provisional basis in our 2017 consolidated financial statements. We completed our accounting in the fourth quarter of 2018, within the one year measurement period from the enactment date.
50
10K
4879
1,178
January 1, 2015, except for certain disclosures, which will be effective April 1, 2015.
14
10K
AegonNV-AR_2015
5,757
Aegon’s investment portfolio contains, among other investments, Dutch government bonds, US Treasury, agency and state bonds, as well as other government issued securities. Due to the weak economic environment, especially in Europe, Aegon may incur significant investment impairments due to defaults and overall declines ...
113
annual_report
GjensidigeForsikringASA-AR_2015
1,584
The investment portfolio of GPF, excluding the unit-linked portfolio, amounted to NOK 5,347.4 million as of 31 December 2015. This is mainly invested in fixed income instruments and bank deposits, but also contains a small proportion of equities from the trading portfolio of GPF.
44
annual_report
5851
7,587
AIG employs a Three Lines of Defense model. AIG’s business leaders assume full accountability for the risks and controls in their operating units, and ERM performs a review, challenge and oversight function. The third line consists of our Internal Audit Group that provides independent assurance for AIG’s Board.
48
10K
NNGroupNV-AR_2013
2,000
Sales proceeds Cash proceeds (1) 1,630 1,235 2,865 Non-cash proceeds Sales proceeds 0 1,630 1,235 2,865
16
annual_report
4836
908
The Company does not have any employees of its own. Employers Mutual performs all operations for all of its subsidiaries and affiliate. Such services include data processing, claims, financial, actuarial, legal, auditing, marketing and underwriting. Employers Mutual allocates a portion of the cost of these services to ...
160
10K
LloydsBankingGroupPLC-AR_2014
2,871
The Group’s funding and liquidity position is underpinned by its significant customer deposit base, and is supported by strong relationships with corporate customers and certain wholesale market segments. A substantial proportion of the retail deposit base is made up of customers’ current and savings accounts which, al...
113
annual_report
3387
2,073
Prudential of Japan had $19.2 billion and $16.8 billion of general account insurance related liabilities, other than dividends to policyholders, as of December 31, 2007 and 2006, respectively. Prudential of Japan did not have a material amount of general account annuity reserves or deposit liabilities subject to discre...
97
10K
ScorSE-AR_2009
277
The aforementioned risks could accumulate in a single counterparty. SCOR attaches particular importance to the establishment of and respect of counterparty exposure limits. The quarterly examination of our exposures enables us to identify and quantify the risks and, in case of accumulations, formulate appropriate respo...
45
annual_report
3584
2,062
risks related to recent negative developments in the residential mortgage market, especially in the sub-prime sector, and our exposure to such market;
22
10K
fr_axa-AR_2009
7,488
B) LOSS RESERVES DEVELO PMENT TABLE: COLISÉE RE (EX AXA RE)
11
annual_report
1086
432
Net Premiums Written Year Ended December 31, 1998 1997 ---- ---- (dollars in millions)
14
10K
614
201
(2) Bonds and short-term promissory instruments are divided into six quality categories for NAIC rating purposes, ranging from 1 (highest) to 5 (lowest) for nondefaulted bonds plus one category, 6, for bonds in or near default. These six categories correspond with the S&P/Moody's/DCR/Fitch rating groups listed above, w...
78
10K
ASRNederlandNV-AR_2015
142
(i) Selected Pension products a.s.r. currently is the main provider of services to the General
15
annual_report
5012
957
Operating productivity. We forecast expected operating cost levels based on historical levels and expectations of future operating cost levels.
19
10K
5283
1,383
The Legacy Towers Watson U.S. Defined Contribution Plan allows eligible Towers Watson U.S. employees to participate in a savings plan design that provides for 100% match on the first 2% of employee contributions and 50% match on the next 4% of employee contributions. Employees vest in the employer match upon two years ...
54
10K
5203
1,165
we are subject to insurable interest laws which could adversely affect our financial condition or results of operations;
18
10K
4512
3,135
distorts the analysis of trends in its operations. In addition to presenting net income determined in accordance with GAAP, we believe that showing operating income enables investors, analysts, rating agencies and other users of our financial information to more easily analyze our results of operations in a manner simi...
70
10K
5887
1,009
The weighted average grant-date fair value of options granted in the year ended December 31, 2020 was $4.43. The estimated fair value of restricted stock units is based on the grant date closing price of the Company's stock for time-based vesting awards. As of December 31, 2020, total unrecognized compensation cost rel...
72
10K
4259
11,612
(1)Real estate funds held by the pension plans are primarily invested in U.S. commercial real estate. (2)Private equity funds held by the pension plans are primarily comprised of North American buyout funds. (3)Hedge funds held by the pension plans primarily comprise fund of funds investments in diversified pools of ca...
161
10K
NatwestGroupPLC-AR_2012
1,999
In the case of the credit rating downgrade by Moody’s, the Group was given adequate notice to plan for such an outcome and challenge Moody’s analytical approach. Potential or actual changes in the Group’s or any of its subsidiaries ratings prompt an intensive internal review of the likelihood and magnitude of such an o...
121
annual_report
5958
3,184
Total equity securities $ 3,853 $ 857 $ 4,710 $ 6,568 $ 1,594 $ 8,162
15
10K
3625
1,120
A reconciliation of the beginning and ending amount of unrecognized tax benefits for the period beginning January 1, 2007 and ending December 31, 2007 is as follows:
27
10K
5175
785
Contract interest including fixed-index products also encompasses the performance of the index options associated with the Company's fixed-index products. As previously noted, the market performance of these derivative features resulted in net realized and unrealized gains (losses) in 2015, 2014 and 2013 of $(61.8) mil...
51
10K