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NatixisSA-AR_2013 | 293 | In 2013, the distribution teams were further expanded, posting strong sales performance. They also assisted US asset management companies in developing product sales in the AsiaPacifi c region, Singapore, Taipei, Hong Kong, Japan and Australia. | 35 | annual_report |
3575 | 2,853 | In connection with the issuance of preferred securities by CNA Surety Capital Trust I, CNA Surety, a 62% owned and consolidated subsidiary of CNA, issued a guarantee of $75 million to guarantee the payment by CNA Surety Capital Trust I of annual dividends of $2 million over 30 years and redemption of $30 million of preferred securities. | 57 | 10K |
585 | 461 | We have audited the accompanying consolidated balance sheet of Conseco, Inc. and Subsidiaries as of December 31, 1996 and 1995, and the related consolidated statements of operations, shareholders' equity, and cash flows for each of the three years in the period ended December 31, 1996. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits. | 70 | 10K |
2952 | 1,152 | Effective January 1, 2003, we completed our acquisition of PHP pursuant to the terms of a merger agreement entered into on August 22, 2002 for $124,260, including acquisition costs of $1,260. | 31 | 10K |
SwissLifeHoldingAG-AR_2019 | 1,050 | – In addition, the foundation supports projects and associations in which Swiss Life employees are actively involved. “Fondation Swiss Life” donated a total of EUR 291 000 to all initiatives during 2019. | 32 | annual_report |
StandardLifeAberdeenPLC-AR_2016 | 1,092 | You can read more about our Directors in their biographies in Section 2 | 13 | annual_report |
HiscoxLtd-AR_2015 | 1,360 | The Group’s AAA rated reinsurance assets include fully collateralised positions at 31 December 2015 and 2014. | 16 | annual_report |
AdmiralGroupPLC-AR_2016 | 1,290 | Details of former CFO Kevin Chidwick’s interests in shares under the DFSS and SIP awarded to him in respect of his service as an Executive Director can be found in the 2014 report. | 33 | annual_report |
4313 | 942 | Fair value estimates are made at a specific point in time based on relevant market information about the financial instrument. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. | 49 | 10K |
118 | 482 | The Company has entered into interest rate swaps and forward rate agreements, which are accounted for as hedges, as a means to limit the earnings volatility associated with changes in short-term interest rates on its existing and anticipated fiduciary investments with maturities of three months or less. These instruments are contractual agreements between the Company and financial institutions which exchange fixed and floating interest rate payments periodically over the life of the agreements without exchanges of the underlying principal amounts. The notional principal amounts of such agreements are used to measure the interest to be paid or received and do not represent the amount of exposure to credit loss. The Company records the difference between the fixed and floating rates of such agreements as a component of its fiduciary investment income. Interest rate swaps and forward rate agreements which relate to debt securities are marked to market in accordance with SFAS No. 115. At December 31, 1994, an unrealized loss of $2.8 million on interest rate swaps and forward rate agreements which hedge existing and anticipated fiduciary investments with maturities of three months or less was reflected in fiduciary cash and equivalents in the Consolidated Balance Sheet. | 197 | 10K |
2547 | 579 | An increase of 100 basis points in prevailing interest rates would reduce the fair value of our interest rate sensitive instruments by approximately $3.7 million. | 25 | 10K |
476 | 233 | Net Investment Income. Net investment income earned by the Company in 1995 increased 36.3% to $8,102,809, compared to $5,946,034 in 1994. This increase was primarily the result of growth in the Company's investment assets due to continued premium growth during 1995 and proceeds of approximately $22,000,000 from the Company's public offering in July 1995. See "-Liquidity and Capital Resources" below for a discussion of the public offering. The average yield on the Company's investments was 6.5% in 1995 and in 1994. | 81 | 10K |
NatwestGroupPLC-AR_2020 | 1,625 | Frank is a graduate of HEC and IEP in Paris and of Harvard Law School in the US. | 18 | annual_report |
de_allianz-AR_2009 | 1,689 | 1) Includes effects of foreign currency trans lation adjustments for loss and loss adjustment expenses for prior years claims of gross € 607 mn (2008: € (313) mn; 2007: € (1,690) mn) and net of € 536 mn (2008: € (284) mn; 2007: € (1,052) mn). | 46 | annual_report |
1893 | 284 | ---- Due in one year or less.......................... $ 54,352,524 $ 55,079,080 Due after one year through five years............ 93,935,056 98,446,189 Due after five years through ten years........... 132,434,167 142,450,128 Due after ten years.............................. 186,202,339 192,726,410 ------------ ------------ $466,924,086 $488,701,807 ============ ============ | 41 | 10K |
gb_prudential-AR_2004 | 2,046 | The reference price is calculated as the average of the middle market quotations for the Company's ordinary shares as derived from the Daily Official List of the London Stock Exchange for the five business days which commenced on 16 March 2005. Further details of the scrip dividend alternative will be mailed to shareholders in early April 2005. | 57 | annual_report |
3727 | 712 | For 2007, the categories of securities where the estimated fair value declined and remained below cost for less than twelve months were concentrated in finance (37%), commercial mortgage-backed securities (33%), asset-backed securities (10%), manufacturing (5%), mortgage-backed securities (4%), transportation (4%), public utilities (2%), oil & gas (2%) and other securities (3%). The preceding percentages were calculated as a percentage of the gross unrealized loss. The Company holds 3 bonds where the gross unrealized loss was greater than $1 million at December 31, 2007. These investments represented 18% or $3.9 million in the aggregate of the total unrealized loss of $22.3 million. | 101 | 10K |
ScorSE-AR_2017 | 4,207 | Within this environment, control responsibilities are exercised as follows: ●● SCOR SE’s Board of Directors relies on several dedicated committees, including, but not limited to, the Audit Committee and the Risk Committee to exercise its control responsibility over the objectives it has set for the Company. These two committees are both chaired by independent directors; ●● SCOR SE’s Board of Directors, following a recommendation made by the Compensation and Nomination Committee, decided that several independent directors of SCOR SE should be members of the Boards of some of the main subsidiaries in various countries with a view to enhancing the Group’s oversight of local operations; ●● the Group’s Executive Committee is chaired by the Chairman and Chief Executive Officer of SCOR SE and meets on a weekly basis. The Executive Committee defines the procedures for implementing the strategy approved by SCOR SE’s Board of Directors in line with the principles set out in Group policies, approved by the Board of Directors, for its main areas of activity (e.g. investment, finance, risk management) and for certain topics, such as the underwriting plan and the allocation and management of resources. The Executive Committee also supervises the functioning of the Group and the Hubs by monitoring, on a quarterly basis, the bodies contributing to the sound administration of the Group. In addition to the Chairman and Chief Executive Officer, the Executive Committee is currently made up of: – the Group Chief Financial Officer (CFO), – the Group Chief Risk Officer (CRO), – the Group Chief Operating Officer (COO), – the SCOR Global P&C Chief Executive Officer (CEO) and his deputy, | 267 | annual_report |
1208 | 535 | In late 1998, the AICPA issued SOP 98-7, Deposit Accounting: Accounting for Insurance and Reinsurance Contracts that Do Not Transfer Insurance Risk. This SOP effective for fiscal years beginning after June 15, 1999, provides guidance to both the insured and insurer on how to apply the deposit method of accounting when it is required for insurance and reinsurance contracts that do not transfer insurance risk. This SOP did not materially impact the Company's consolidated financial statements. | 76 | 10K |
4768 | 1,503 | Our loss and loss adjustment expense reserves include case reserves and reserves for losses incurred but not yet reported (“IBNR reserves”). Case reserves are established for losses that have been reported, but not yet paid, based on loss reports from brokers and ceding companies. IBNR reserves represent the estimated loss and loss adjustment | 53 | 10K |
BeazleyPLC-AR_2016 | 1,819 | San Francisco quake (2016: $78.0bn) 647.1 219.0 Gulf of Mexico windstorm (2016: $112.0bn) 622.8 215.3 Los Angeles quake (2016: $78.0bn) 674.6 213.9 | 22 | annual_report |
4472 | 718 | Other income increased $2.8 million for the year ended December 31, 2010, as compared to the year ended December 31, 2009. The increase relates primarily to fees on variable universal life funds. | 32 | 10K |
3655 | 1,104 | The excess of estimated liabilities for claims and claim costs over the consideration received with respect to retroactive property and casualty reinsurance contracts that provide for indemnification of insurance risk is established as deferred charges at inception of such contracts. The deferred charges are subsequently amortized using the interest method over the expected claim settlement periods. Changes to the estimated timing or amount of loss payments produce changes in periodic amortization. Such changes in estimates are determined retrospectively and are included in insurance losses and loss adjustment expenses in the period of the change. | 94 | 10K |
SwissReAG-AR_1967 | 24 | rating can eliminate the effects of the run-off of losses from previous years. This run-off, especially in the Marine, Accident and Third Party Liability branches, is prejudiced by the fact that several of our ceding companies report losses many years after the event and their estimates of the loss amounts are often too conservative. | 54 | annual_report |
AegonNV-AR_2015 | 3,868 | Net foreign investment hedges Aegon funds its investments in insurance subsidiaries with a mixture of debt and equity. Aegon aims to denominate debt funding in the same currency as the functional currency of the investment. Investments outside the eurozone, the United States, the United | 44 | annual_report |
RaiffeisenBankInternationalAG-AR_2016 | 3,303 | Finally we asssessed whether the disclosures in the notes to the Financial Statements regardings loan loss provisions were appropriate. | 19 | annual_report |
LloydsBankingGroupPLC-AR_2011 | 5,311 | Total financial assets carried at fair value 128,609 106,674 7,646 242,929 | 11 | annual_report |
de_allianz-AR_2017 | 1,350 | The Allianz Group has also entered into contractual relationships with various types of structured entities. They have been designed in such a way that their relevant activities are directed by means of contractual arrangements rather than voting or similar rights. Typically, structured entities have been set up in connection with assetbacked financings and certain investment fund products. For more details on our involvement with structured entities, please refer to note 35 to the consolidated financial statements. | 76 | annual_report |
4091 | 908 | On a quarterly basis, the Company receives from its independent pricing service a list of fixed maturity securities that were priced solely from broker quotes. Since this is not an observable input, any fixed maturity security in the Company’s portfolio that is on this list is classified as a Level 3 fair value measurement. At December 31, 2009, the Company did not hold any fixed maturity securities that were priced solely from broker quotes. | 74 | 10K |
AvivaPLC-AR_2010 | 1,628 | €30,000 annual schooling allowance payable up to the end of secondary schooling, grossed up for tax purposes.*** | 17 | annual_report |
4714 | 1,188 | The following table presents deferred policy acquisition costs by segment for the years ended December 31. | 16 | 10K |
AvivaPLC-AR_2016 | 4,927 | Total change in insurance liabilities (note 6) 8,111 (1,218) 6,893 1 Reinsurance assets at 31 December 2016 for General insurance and health business include the impact of the £78 million reinsurance asset relating to an outwards reinsurance contract completed by the UK General Insurance business. | 45 | annual_report |
5234 | 886 | Profitability of our long-tailed products is affected by claims experience related to mortality and morbidity, investment returns, premium rate increases, and persistency. We believe that the interest adjusted loss ratios for the individual disability and long-term care lines of business will be relatively flat over the long term, but these product lines may continue to experience quarterly volatility, particularly in the near term for our long-term care product lines as our claim block matures. We also believe the implementation of our long-term care rate increases contributed to higher claim submissions and may continue to do so in the near term. Claim resolution rates, which measure the resolution of claims from recovery, deaths, settlements, and benefit expirations, are very sensitive to operational and external factors and can be volatile. Our claim resolution rate assumption used in determining reserves is our expectation of the resolution rate we will experience over the life of the block of business and will vary from actual experience in any one period. It is possible that variability in any of our reserve assumptions, including, but not limited to, interest rates, mortality, morbidity, premium rate increases, benefit change elections, and persistency, could result in a material impact on the adequacy of our reserves, including adjustments to reserves established under loss recognition. | 213 | 10K |
ScorSE-AR_2018 | 2,156 | The businesses SCOR has recently acquired are described in Section 1.2.2 – History and development of SCOR. | 17 | annual_report |
GjensidigeForsikringASA-AR_2015 | 666 | The market shares in Denmark and Sweden were 6.4 per cent (based on the most recent statistics from the Danish Insurance Association as of 31 December 2014) and 1.6 per cent, respectively (source: Insurance Sweden, as of 31 December 2015). | 40 | annual_report |
5722 | 945 | Purchase obligations include agreements to purchase goods or services that are enforceable and legally binding and that specify all significant terms. These obligations consist primarily of accounts payable and certain accrued liabilities, including committed funds related to meetings and conventions for the sales force, plus a variety of vendor commitments funding our ongoing business operations. The total liability amount is reported within other liabilities in our consolidated balance sheets. | 69 | 10K |
4673 | 584 | Income before income taxes for 2011 increased 22.1%, or $6.6 million, over the same period in 2010, to $36.5 million. Even though total revenues increased by $2.3 million, total expenses were reduced by $4.3 million. Employee compensation and benefits expense was reduced $1.0 million, primarily due to lower management and staff salaries and lower commissions paid to producers, and other operating expenses were reduced by $1.0 million, primarily in the areas of office rents, postage, and insurance costs. Additionally, interest expenses of the Wholesale Brokerage Division related to prior acquisitions decreased by $3.8 million, primarily due to the 1.0% annual reduction in the cost of capital interest rate charged against the total purchase price of each of the Division’s prior acquisitions. | 121 | 10K |
INGGroepNV-AR_2001 | 1,425 | AS AT 31 DECEMBER 2001 REMAINING CONTRACTUAL LIFE EXERCISE PRICE AS AT 31 DECEMBER 2001 EXERCISE PRICE | 17 | annual_report |
fr_axa-AR_2016 | 3,168 | The Board of Directors conducts an annual self-assessment to review its composition, Board work and performance. | 16 | annual_report |
nl_ing_grp-AR_2010 | 1,291 | ING depositary receipts for shares held by members of the Supervisory Board (1) | 13 | annual_report |
StorebrandASA-AR_2009 | 1,965 | Acquisition of other companies Ring Eiendomsmegling AS acquired 12 companies within real estate for a total purchase price of NOK 47.7 million. Storebrand Bank ASA acquired 75.4% of the shares in Hadrian Utvikling, which operates within commercial property, for a purchase price of NOK 9.2 million. | 46 | annual_report |
2989 | 1,893 | Reference is made to Item 15(a) of this annual report for the Consolidated Financial Statements of Quanta Capital Holdings Ltd. and the Notes thereto, as well as the Schedules to the Consolidated Financial Statements. | 34 | 10K |
StorebrandASA-AR_2013 | 1,946 | Guaranteed pensions 3. Group defined benefit pensions are pension payments guaranteed as a percentage of the final salary from an agreed age for as long as the insured person lives. Alternatively, it can be agreed that the pension will end at a specified age. The product is offered within the private sector. Cover that can be linked includes retirement and survivor pensions. In addition, there can be a link to a group disability pension in Norway. | 76 | annual_report |
4692 | 779 | On October 31, 2012, the Plan was amended to, among other things, extend the expiration date of the plan from November 11, 2012 to October 31, 2022 and increase the exercise price of the stock purchase rights from $80 per unit to $220 per unit. In connection with the amendments to the shareholders’ rights plan, the Board of Directors of the Company also amended the Company’s Articles of Incorporation to increase the number of shares designated under the rights plan as Series A Participating Preferred Stock from 100,000 shares to 200,000 shares. There were 1,000,000 shares of Preferred Stock authorized as of December 31, 2013 and 2012, with 200,000, being designated Class A Junior Participating Preferred Stock. | 117 | 10K |
5152 | 1,566 | Given the length of time that it takes to resolve our claims, many years may elapse before all losses recoverable under a reinsurance arrangement are known. As a part of the process of estimating our loss reserve we also make estimates regarding the amounts recoverable under our reinsurance arrangements. As previously discussed, the premiums ultimately ceded under our excess of loss reinsurance arrangements are subject to the losses ceded under the arrangements. In both 2014 and 2013, we reduced our estimate of expected losses and associated recoveries for prior year ceded losses, as well as our estimate of ceded premiums owed to reinsurers. Changes to estimates of premiums ceded related to prior accident years are fully earned in the period the change in estimates occur. | 125 | 10K |
PhoenixGroupHoldingsPLC-AR_2016 | 4,133 | An analysis of the PLHL Solvency II surplus as at 31 December 2016 is provided in the Business Review section on page 29 of the Annual Report and Accounts. | 29 | annual_report |
fr_axa-AR_2010 | 5,454 | As part of an on-going capital allocation process, local insurance operating units perform at least twice-yearly simulations of the impact, on the various regulatory constraints, of severe scenarios for assets (in terms of both the market value of equity securities and interest rate trends). | 44 | annual_report |
4292 | 1,390 | The realization of deferred tax assets is dependent on the generation of future taxable income during the periods in which the tax benefits are deductible or creditable. The Company and Marsh have been profitable globally. However, tax liabilities are determined and assessed on a legal entity and jurisdictional basis. Certain taxing jurisdictions allow or require combined or consolidated tax filings. In the United States, certain groups within the Company, which file on a combined basis, and certain entities within Marsh’s operations, which file on a separate entity basis, incurred losses for the last two years as well as the current year. The Company assessed the realizability of its domestic deferred tax assets, particularly state deferred tax assets of Marsh relating to jurisdictions in which it files separate tax returns, state deferred tax assets of all of the Company domestic operations related to jurisdictions in which the Company files a unitary or combined state tax return, and foreign tax credit carryforwards in the Company’s consolidated U.S. federal tax return. When making its assessment about the realization of its domestic deferred tax assets at December 31, 2010, the Company considered all available evidence, placing particular weight on evidence that could be objectively verified. The evidence considered included (i) the nature, frequency, and severity of current and cumulative financial reporting losses, (ii) actions completed that are designed to reduce capacity and adjust to lower demand in the current economic environment, (iii) profit trends evidenced by recent improvements in the Company’s and Marsh’s operating performance, (iv) the nonrecurring nature of some of the items | 260 | 10K |
SwissLifeHoldingAG-AR_2009 | 403 | Directors – Bühler AG, Uzwil, Member of the Board of Directors – Zurich Chamber of Commerce, Chairman – Unitectra Ltd, Zurich and Berne, Chairman of the | 26 | annual_report |
NatwestGroupPLC-AR_2018 | 977 | Conclusion I want to take the opportunity to thank the Committee members and attendees for their continued contribution and support in 2018. | 22 | annual_report |
de_allianz-AR_2012 | 1,599 | Political risks still linger – especially in countries with up coming elections – which could trigger fluctuations in the financial markets. However, we consider it unlikely that the European debt crisis will continue to keep the markets on edge on the scale it has done to date, assuming Southern Europe continues with its reforms. With the debt crisis gradually receding, the flight into the “safe havens” of Ger man and U.S. government bonds is likely to ease, pushing up yields in these markets moderately. However, both the Federal Reserve Bank and the European Central Bank can be expected to stick to their loose policy stance, above all leaving key rates unchanged. With shortterm rates close to zero, there are limited prospects of a sharp rise in yields on longerterm bonds. We expect yields on 10year German and U.S. government bonds to climb merely into a range of 2.0 – 2.5 %. | 151 | annual_report |
INGGroepNV-AR_2009 | 2,938 | CMRM has implemented a historical simulation Value at Risk model for consolidated risk reporting for the trading books that has replaced the Variance Covariance method used previously. ING has chosen to use a phased rollout approach and as of 1 January 2009, implemented the first phase after approval from DNB. In this first phase, calculations for linear portfolios and equity derivative positions have changed from variance-covariance to historical simulation. Most of the other non-linear risks and specific risks are still measured by Monte Carlo, or variance-covariance, methods. In due time, all non-linear and specific risks will be replaced by actual historical simulation results mainly based on full revaluation. The harmonization of VaR methodologies is one of the main targets of CMRM for 2010. | 123 | annual_report |
4147 | 1,029 | The allocation of assets and the selection and timing of the acquisition and disposition of investments are subject to ratification, on a weekly basis, by an investment subcommittee appointed by the boards of directors of our insurance subsidiaries. These actions are also reviewed by the finance committee of Unum Group’s board of directors on a quarterly basis. | 57 | 10K |
NatwestGroupPLC-AR_2016 | 8,238 | Denmark Kastrup V & L Building K/S BF c/o Visma Services, Lyskaer 3 CD, Herlev, 104 40 Denmark Finland Artul Kiinteistöt Oy BF C/O Nordisk Renting OY, Eteläesplanadi 12, Box 14044, FI-00130 | 32 | annual_report |
SwissLifeHoldingAG-AR_2007 | 1,479 | Financial liabilities at fair value through profit or loss 2 363 833 – 151 – 1 382 | 17 | annual_report |
4833 | 5,534 | The following table summarizes RSU activity for the year ended December 31, 2013: | 13 | 10K |
2442 | 656 | In December 2004, the Financial Accounting Standards Board issued Statement of Financial Accounting Standard No. 123R, “Share-Based Payment” (“SFAS No. 123R”) that will require compensation costs related to share-based payment transactions to be recognized in the financial statements. With limited exceptions, the amount of compensation cost will be measured based on the grant-date fair value of the equity instrument issued. Compensation cost will be recognized over the period that an employee provides service in exchange for the award. SFAS No. 123R replaces Statement of Financial Accounting Standard No. 123, “Accounting for Stock-Based Compensation” and supersedes APB Opinion No. 25, “Accounting for Stock Issued to Employees,” the principles that the Company currently employs to account and report its employee stock option awards. SFAS No. 123R is effective for the first interim reporting period that begins after June 15, 2005. The Company will implement this standard in the third quarter of 2005. The Company believes that the impact of implementing this standard will result in an annual decrease in net income of approximately $0.01 per diluted share. | 175 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2004 | 2,188 | Additional personnel expenses for valuation of stock appreciation rights at fair value6 1,622 –407 1 Higher expenses for 2003 are due to anniversary payments. | 24 | annual_report |
3042 | 1,340 | As part of our previously described actuarial review process, we review A&E activity each quarter and compare that activity to what was assumed in the original internal study. As of December 31, 2006, we estimated that the range of reasonable outcomes around our best estimate was $1.7 billion to $2.4 billion. | 51 | 10K |
AvivaPLC-AR_2016 | 1,661 | ` Received and considered reports detailing on-going and possible reputational, brand and franchise risks, including media and public policy issues | 20 | annual_report |
de_allianz-AR_2010 | 3,373 | On May 24, 2002, pursuant to a statutory squeeze-out procedure, the general meeting of Dresdner Bank AG resolved to transfer shares from its minority shareholders to Allianz as principal shareholder in return for payment of a cash settlement amounting to € 51.50 per share. The amount of the cash settlement was established by Allianz on the basis of an expert opinion, and its adequacy was confirmed by a court appointed auditor. Some of the former minority shareholders applied for a | 80 | annual_report |
4921 | 2,291 | In November 2014, the FASB issued an accounting standards update which provides an acquired entity with the option to reflect assets and liabilities using its acquirer's accounting and reporting basis ("pushdown accounting") within its own separate financial statements. Under this new guidance, an acquired entity may elect the option to apply pushdown accounting in the reporting period in which the change-in control event occurs (on a case by case basis if multiple). If the entity elects to apply pushdown accounting, it should disclose information that enables users of the financial statements to evaluate the effect of pushdown accounting. If pushdown accounting is not applied in the initial reporting period, an acquired entity will have the option to elect to apply it in a subsequent reporting period, however, such an election should be considered a change in | 136 | 10K |
1171 | 292 | The Company replaced or remediated its mission critical financial systems as well as its mission critical operational computer systems, remediated databases and validated the readiness of all computing and non computing systems. The Company also engaged in a thorough evaluation to validate that all systems, computing and non-computing, were functioning. The Company is unaware of any Year 2000 related outages over the century date change. | 65 | 10K |
10 | 191 | Primarily as a result of the failures of several large insurance holding companies during the past few years, increased scrutiny has been placed upon the insurance regulatory framework, and a number of state legislatures have enacted legislation that has altered, and in many cases increased, state authority to regulate insurance companies and their holding company systems. Further, some Congressional leaders have proposed legislation which could result in the federal government's assuming some role in the regulation of the insurance industry. In light of these developments, the National Association of Insurance Commissioners (the "NAIC") and state insurance regulators have also become involved in the process of re-examining existing laws and regulations and their application to insurance companies. In particular, this re-examination has focused on insurance company investment and solvency issues and, in some instances, has resulted in new interpretations of existing law, the development of new laws and the implementation of non-statutory guidelines. The NAIC has formed committees and appointed advisory groups to study and formulate regulatory proposals on such diverse issues as the use of surplus debentures, the accounting for reinsurance transactions, uniform investment laws and the adoption of risk-based capital requirements. In addition, in connection with its accreditation of states to conduct periodic examinations, the NAIC has encouraged and persuaded states to adopt model NAIC laws on specific topics, such as holding company regulations, the structure of reinsurance transactions, and the definition of extraordinary dividends. During 1992 and continuing in 1993, in part as a result of these activities, ICH's insurance subsidiaries became subject to substantially more oversight by insurance regulators, and such increased oversight will likely continue in 1994 and future periods. | 274 | 10K |
HelvetiaHoldingAG-AR_2003 | 171 | We have lost CHF 75 million in the Swiss group business in 2002. As a result of the reduction of the minimum interest rate from 4.00 per cent to 3.25 per cent, of premium rate increases in the disability segment as well as of cost savings we managed to achieve a balanced result last year. For the current year we have initiated additional measures that lead us to expect again a positive profit contribution. First, the minimum interest rate was a second time reduced and approaches, with a rate of 2.25 per cent, the average return on riskfree government bonds. Second, we were forced to set a wide-ranging premium rate increase due to the insufficient results in the risk sector. The adjustment of the conversion rate allows to better account for the longer life expectancy. | 135 | annual_report |
2899 | 335 | At December 31, 2005, fixed income securities and short-term investments with a carrying value of $9.8 million were on deposit with regulatory authorities as required by law. | 27 | 10K |
1118 | 582 | Derivative Instruments - The fair values of foreign currency contracts are based on the estimated termination values as of the balance sheet date. The fair values of forward treasury lock agreements (notional amount of $40 million at December 31,1998) are determined by the Company using relevant market information and appropriate valuation methodologies. | 52 | 10K |
TopdanmarkAS-AR_2016 | 291 | Market risk Interest-bearing assets 1 pp increase (431) (592) Provisions for claims in effective and benefits etc. interest rate 465 672 | 21 | annual_report |
2280 | 437 | We conduct our operations through two distinct segments, property and casualty insurance and life insurance. These segments are managed separately because they generally do not share the same customer base, and they each have different pricing and expense structures. We evaluate segment profit based on operating and investment results. Segment profit or loss as described in the following sections of the Management’s Discussion and Analysis is pre-tax. Detailed segment information is presented in Note 12 to the Consolidated Financial Statements. | 80 | 10K |
AssicurazioniGeneraliSpA-AR_2018 | 842 | companies. It also identifies dialogue and involvement of our interlocutors as the tool for fostering the transition. | 17 | annual_report |
INGGroepNV-AR_2019 | 457 | ING Private Cloud (IPC) is the digital platform used to store and process data and IT services such as mobile phone apps. It is one of the steps ING takes in giving customers a consistent experience in a secure and reliable way. IPC standardises our IT infrastructure, simplifies and streamlines existing processes, and brings an automated and self-service infrastructure to development and operations teams. The IPC has reduced our infrastructure time-to-delivery from an average of more than 10 days to less than an hour. | 84 | annual_report |
5472 | 569 | The U.S. subsidiaries of the Company lease 103,500 square feet of office space in New York City; the lease expires in February 2032, with an option, subject to certain conditions, to renew for five years at a fair market rent. The U.S. subsidiaries also lease office space in San Francisco. In addition, the European subsidiaries of the Company lease space in London. | 62 | 10K |
4905 | 3,284 | We have audited the accompanying consolidated statements of financial position of Erie Indemnity Company as of December 31, 2014 and 2013, and the related consolidated statements of operations, comprehensive income, shareholders' equity and noncontrolling interest, and cash flows for each of the three years in the period ended December 31, 2014. Our audits also included the financial statement schedules listed in the Index at 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. | 95 | 10K |
NatixisSA-AR_2017 | 2,932 | In addition, reverse stress tests are used to highlight the most high-risk scopes and market environments as well as concentration and contagion links. This mechanism is based on plausible scenarios drawn from extremely adverse assumptions on the fulfillment of risk factors leading to the breach of a loss threshold, and allows Natixis to implement a new risk monitoring and steering tool, identify circumstances that may trigger this loss and adapt the appropriate action plans where necessary. | 76 | annual_report |
SwissReAG-AR_2010 | 591 | The largest European markets all suffered from worsening underwriting results and the current negative performance of the motor business. | 19 | annual_report |
255 | 334 | The rent expense under the operating lease was $237,351 and $233,833 for the years ended December 31, 1995 and 1994, respectively. | 21 | 10K |
2415 | 761 | Poor performance of the equity markets could adversely affect sales and assets under management of our asset management, variable universal life and variable annuity products, as well as the performance of our Venture Capital segment and potential future pension plan funding requirements. | 42 | 10K |
ch_zurich_insurance_group-AR_2016 | 259 | We are investing in the future of our business – in new products and innovative services. By offering innovative products and services we can help all of our customers to better meet their goals, while making Zurich a more profitable, efficient company. | 42 | annual_report |
PowszechnyZakladUbezpieczenSA-AR_2016 | 821 | Warsaw, Radom and Kielce in scope of NFZ contracts covering general health care and ambulatory special care; • services in scope of additional health care packages for corporate and individual customers in Płock, Włocławek and cities of Upper Silesia, Opole, Warsaw, Poznan, Radom, and Kielce; • medical services for people who have health insurance in | 55 | annual_report |
NatixisSA-AR_2018 | 9,794 | Decision to transfer some of its Specialized Financial Services (SFS) business lines to BPCE | 14 | annual_report |
5011 | 2,354 | We seek to invest premiums, contract charges and deposits to generate future cash flows that will fund future claims, benefits and expenses, and that will earn stable returns across a wide variety of interest rate and economic scenarios. To achieve this objective and limit interest rate risk, we adhere to a philosophy of managing the duration of assets and related liabilities within predetermined tolerance levels. This philosophy is executed using duration targets for fixed income investments and may also include interest rate swaps, futures, forwards, caps, floors and swaptions to reduce the interest rate risk resulting from mismatches between existing assets and liabilities, and financial futures and other derivative instruments to hedge the interest rate risk of anticipated purchases and sales of investments. | 123 | 10K |
NatwestGroupPLC-AR_2011 | 82 | Restoring RBS to a sustainable and conservative risk profile is crucial. In 2011, we made our capital and liquidity positions stronger. | 21 | annual_report |
5940 | 1,024 | Contract interest expense includes the fluctuations that are the result of the effect upon the embedded derivative for the performance of the underlying equity indices associated with fixed-indexed universal life products. For liability purposes, the embedded option in the Company's policyholder obligations for this feature is bifurcated and reserved for separately. Accordingly, the impact for the embedded derivative component in the equity-index universal life product is reflected in contract interest expense for approximately the same amounts as in net investment income for each respective period. | 85 | 10K |
5690 | 2,561 | MetLife, Inc. lends funds, as necessary, through credit agreements or otherwise to its subsidiaries and affiliates, some of which are regulated, to meet their capital requirements or to provide liquidity. MetLife, Inc. had loans to subsidiaries outstanding of $100 million at both December 31, 2019 and 2018. | 47 | 10K |
5164 | 530 | Reinsurance - As part of Atlas’ insurance risk management policies, portions of its insurance risk is ceded to reinsurers. Reinsurance premiums and claims expenses are accounted for on a basis consistent with those used in accounting for the original policies issued and the terms of the reinsurance contracts. Premiums and claims ceded to other companies have been reported as a reduction of premium revenue and claims incurred expense. Commissions paid to Atlas by reinsurers on business ceded have been accounted for as a reduction of the related policy acquisition costs. Reinsurance receivables are recorded for that portion of paid and unpaid losses and loss adjustment expenses that are ceded to other companies. Prepaid reinsurance premiums are recorded for unearned premiums that have been ceded to other companies. | 127 | 10K |
5731 | 1,519 | Non-Life Run-off - Presented by acquisition year, if significant, and further disaggregated, if significant, by line of business within that acquisition year. The disaggregated lines of business include General Casualty, Workers’ Compensation, Marine, Aviation and Transportation, Professional Indemnity / Directors & Officers and Motor. | 44 | 10K |
fr_axa-AR_2003 | 1,266 | An Intranet site was developed and rolled out in France in January of 2003. Ultimately, it will be used to extend environmental reporting to AXA’s operating facilities worldwide. | 28 | annual_report |
HelvetiaHoldingAG-AR_2011 | 1,794 | Helvetia Group controls the life and non-life insurance risks with a number of actuarial methods, risk-appropriate rates, a selective underwriting approach, pro-active claims settlement and a prudent reinsurance policy. | 29 | annual_report |
5172 | 13,226 | In addition to the examples of common reserving factors related to general liability described above, other examples of common reserving factors that can change and, thus, also affect estimated commercial automobile liability reserves include: | 34 | 10K |
4029 | 1,648 | In addition to product-specific reinsurance arrangements, the Company maintains reinsurance coverage for certain catastrophe losses related to group life and AD&D with partial coverage of nuclear, biological and chemical acts of terrorism. Through a combination of this agreement and its participation in a catastrophe reinsurance pool discussed below, the Company has coverage of up to $435.7 million per event. | 59 | 10K |
SwissReAG-AR_1994 | 423 | For the reinsurance business assumed, the accrual of deferred acquisition costs is partially accounted for as part of the unearned premium reserve calculation. For consistency purposes, the capitalised part of the deferred acquisition cost (CHF 164 million in 1994 compared with CHF 185 million in 1993) is offset against the unearned premium reserve. The change in the deferred acquisition cost of CHF -7 million (1993: CHF 16 million) is offset against the change in the unearned premium reserve. Moreover, capitalised deferred acquisition cost of CHF 157 million (1993: CHF 170 million) is offset against provisions for life, health and disability reinsurance.The change in the deferred acquisition cost of CHF-5 million (1993: CHF -6 million) is offset against the change in the provisions for life, health and dis ability. | 128 | annual_report |
5055 | 788 | several factors, including changes in premium growth, industry mix and economic conditions. EBUB assumptions include historical development factors, current economic outlook and current trends in particular sectors of our business. | 30 | 10K |
RSAInsuranceGroupPLC-AR_2013 | 1,041 | The Committee received quarterly reports focusing on the assessment and testing of controls, including notification of any system or control weaknesses, or breaches in the period and the action taken as a result, allowing the Committee to address deficiencies and take action as appropriate. | 44 | annual_report |
5594 | 1,976 | Related adjustments include the portions of “Realized investment gains (losses), net” that are included in adjusted operating income and the portions of “Other income (loss)” and “Net investment income” that are excluded from adjusted operating income. These adjustments are made to arrive at “Realized investment gains (losses), net, and related adjustments” which are excluded from adjusted operating income. Results for the years ended December 31, 2018 and 2017 reflected related adjustments of net negative $1,228 million and $500 million, respectively. Both periods’ results were driven by settlements and changes in values of interest rate and currency derivatives. 2018 results also include the change in fair value of equity securities recorded within “Other income (loss).” | 114 | 10K |
2833 | 1,407 | The consolidated sources of funds of the Company consist primarily of premiums written, investment income, proceeds from sales and redemption of investments, losses recovered from retrocessionaires, issuances of securities and actual cash and cash equivalents held by the Company. Net cash flows provided by operations, excluding trading securities activities, for the years ended December 31, 2005, 2004 and 2003 were $618,909,000, $698,223,000 and $469,168,000, respectively, and were used primarily to acquire additional investments. The catastrophe losses of 2005 and, to a lesser extent, the catastrophe losses in 2004, will create | 90 | 10K |
INGGroepNV-AR_2008 | 2,641 | ING Direct continued to increase its diversifications into residential mortgages, while proportionally reducing its securitisation and bond portfolios. During 2008, ING reclassified the Mid-Corporate portfolio from Wholesale Banking to Retail Banking, which proportionally decreased the Retail Banking concentration in Private Individuals and created a wider distribution across other economic sectors. This was partially offset by the purchase of EUR 4.5 billion in residential mortgages from Nationale Nederlanden Hypotheek Bedrijf (NNHB, residential mortgages). All other industries not shown in the table above have less than 2.0% concentrations. | 86 | annual_report |
4921 | 1,252 | For more information on the after-tax net loss on sale of XLLR to GreyCastle, and the Net realized and unrealized gains (losses) on life retrocession embedded derivative and derivative instruments - Life Funds Withheld Assets see Item 8, Note 3, "Sale of Life Reinsurance Subsidiary" and Note 16, "Derivative Instruments - (d)(iii) Other Non-Investment Derivatives," respectively, to the Consolidated Financial Statements included herein. | 63 | 10K |
StorebrandASA-AR_2017 | 941 | Previous positions Special Adviser at Storebrand (2011-2013) Deputy Director General and Director General at the Ministry of Finance (1994-2001,2006-2011) Director General at the Prime Minister’s Office (2002-2006) Management Consultant at McKinsey & Company (2001-2002) | 34 | annual_report |
5911 | 367 | •Full reinstatement available for all private market first event catastrophe layers for guaranteed second event coverage. For all layers purchased between $90 million and the projected FHCF retention, to the extent that all of our coverage or a portion thereof is exhausted in a catastrophic event and reinstatement premium is due, UPCIC has purchased enough reinstatement premium protection (“RPP”) limit to pay the premium necessary for the reinstatement of these coverages. | 71 | 10K |
INGGroepNV-AR_2016 | 6,697 | The table below presents an overview of the Minimum capital requirements and the RWA at year end 2016 per type of risk and method of calculation. The largest part of the capital requirement relates to credit risk (82%), followed by operational risk with 13%, amounts below the threshold for deduction (which relates to equity in the banking book) 3% and market risk for 2% of the capital requirements. | 68 | annual_report |
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