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4504
1,617
Income tax expense (benefit). Corporate income tax expense or benefit is generated through our foreign operations outside of Bermuda, principally in the United States, Europe and Latin America. The effective tax rate was negative 17.0% for the year ended December 31, 2011 compared with 1.4% in the year ended December 3...
164
10K
2134
3,426
basis with varying deductibles for which the Company maintains reserves. The Company maintains general
14
10K
936
498
Investment Income. The following table displays the components of TIG's investment income and mean after-tax investment yields. The yields include interest earned and dividends received and exclude realized investment gains and losses. These yields are computed using the average of the month-end asset balances during t...
47
10K
4854
1,549
The following discussion and analysis presents a review of our financial condition as of December 31, 2013 and our results of operations for the years ended December 31, 2013, 2012 and 2011. As used in this report, except as otherwise indicated, references to the "Company," "Universal American," "we," "our," and "us" a...
62
10K
4741
1,333
In the 2012 actuarial review, the Company’s unpaid losses and LAE as of March 31, 2012 were at the high end of the range of reasonable estimates provided by the independent actuarial firm, mainly due to two factors: (1) the shorter loss development patterns used by the independent actuarial firm and (2) faster recognit...
103
10K
2570
737
Underwriting loss ....... (3,621,656) (2,026,309) - (5,647,965) Net investment income ... 23,517,163 9,147,127 113,843 32,778,133 Realized gains (losses) (2,154,246) (1,010,268) 5,313 (3,159,201) Interest expense ........ (1,345,153) (293,563) - (1,638,716) Other income ............ 865,819 - - 865,819 Other expenses ....
66
10K
4865
906
The use of this process by the SVO may result in certain non-agency RMBS and CMBS being assigned a NAIC designation that is higher than the equivalent NRSRO rating. The NAIC designations for non-agency RMBS and CMBS are based on security level expected losses as modeled by an independent third party (engaged by the NAI...
93
10K
4756
3,241
Investment contracts. Based on expected future cash flows, discounted at current market rates for annuity contracts or institutional products. Given the significant unobservable inputs associated with policyholder behavior and current market rate assumptions used to discount the expected future cash flows, we classify ...
44
10K
NNGroupNV-AR_2016
240
As an investor and advisor on responsible investment solutions, we believe a values-driven culture is an indispensable component of a company’s Environmental, Social and Governance (ESG) profile. And even more importantly, it makes good business sense. With its Mindscope publication on corporate culture, NN Investment ...
99
annual_report
NatwestGroupPLC-AR_2014
5,777
• As noted above, statistically RBS would expect to see back-testing exceptions 1% of the time over a one-year period. At RBS plc level, there was one exception during 2014, confirming that the model was satisfactory.
36
annual_report
NatwestGroupPLC-AR_2016
2,323
Details of the principal subsidiary undertakings of the company are shown in Note 7 on pages 396 and 397. A full list of subsidiary undertakings of the company is shown in Note 15 on
34
annual_report
4331
1,312
As part of the original transaction, Aon was required to purchase from PEPS I additional below investment grade securities equal to the unfunded limited partnership commitments as they were requested. As of December 31, 2010, Aon is no longer required to purchase additional securities as a result of the repayment of th...
128
10K
3288
954
Actual experience may vary from our estimates due to emerging trends in morbidity, mortality, persistency, and asset yields - and some of these trends can fluctuate significantly over time. As we realize the actual experience, we take into account the financial impacts of these variations from our original assumptions....
80
10K
AegonNV-AR_2015
4,558
‘plan assets’ as defined by IFRS), deciding questions related to eligibility and benefit amounts, and any disputes that may arise from plan participants and for complying with the plan provisions, and legal requirements related to the plan and its operation. Aegon the Netherlands runs, in principle, full actuarial and ...
75
annual_report
AvivaPLC-AR_2004
2,058
3. Lapse experience has been adverse in a number of businesses including on certain savings contracts in the UK.
19
annual_report
3801
705
Income taxes paid in 2008, 2007 and 2006 were $79,339,000, $114,380,000 and $102,761,000, respectively.
14
10K
GjensidigeForsikringASA-AR_2020
1,778
• Return on equity after tax > 20 per cent • Corresponding to > 16 per cent excluding run-off gains
20
annual_report
AssicurazioniGeneraliSpA-AR_2015
3,702
Expert & Finance S.A. 029 EUR 3,258,310 G 11 96.79 Generali Vie S.A. 96.79 95.75
15
annual_report
4964
998
To the Board of Directors and Shareholders of Safety Insurance Group, Inc.:
12
10K
AegonNV-AR_2013
1,726
Liquidity management Strategic importance Liquidity management is a fundamental building block of Aegon’s overall financial planning and capital allocation processes. Aegon aims to have sufficient liquidity to meet cash demands even under extreme conditions. The company’s liquidity risk policy sets guidelines for its o...
55
annual_report
Sampoplc-AR_2017
1,999
Parties independent of business activities are responsible for the risk management governance framework, risk policies, risk limits and authorizations which form the structure that sets the limits for business and investment units’ risk taking as well as principles for risk monitoring. These structures are one prerequi...
62
annual_report
RaiffeisenBankInternationalAG-AR_2012
175
Capital market communications In 2012, RBI participated in a total of 38 roadshows in Brussels, Copenhagen, Dusseldorf, Frankfurt, Helsinki, Hong Kong, London, Milan, Munich, New York, Paris, Prague, Singapore, Stockholm and Tallinn. These events, which were sometimes held more than once in one location, were opportuni...
99
annual_report
RaiffeisenBankInternationalAG-AR_2020
4,340
2020 Modelled ECL Post-model adjustments Total in € thousand COVID-19 related Other Total 2019 Modelled ECL Post-model adjustments Total in € thousand COVID-19 related Other Total
26
annual_report
HannoverRueckSE-AR_2010
2,595
Fixed-income securities – available-for-sale 8,444,249 2,542,309 3,441,409 1,092,359 133,890 59,984 10,643 152,791 15,877,634
13
annual_report
3087
1,384
Upon completion of the merger, certain of our financial guaranty reinsurance customers will have the right to recapture financial guaranty reinsurance business previously assumed by us. At December 31, 2006, we have assumed an aggregate of approximately $10.0 billion par in force and approximately $70.3 million of unea...
48
10K
ScorSE-AR_2018
4,728
Other commitments on investment securities, assets or revenues 187 513 700 481
12
annual_report
HannoverRueckSE-AR_2019
613
A key strategic objective of Hannover Re is long-term capital preservation. We issued hybrid capital as an equity substitute in order to keep the cost of capital on a low level. The policyholders ’ surplus is an important management ratio in the context of Hannover Re’s comprehensive capital management. The total polic...
77
annual_report
1576
203
We conducted our audits in accordance auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, ...
94
10K
3638
1,931
While each of Mont Fort and Haute Route are registered as Class 3 insurers in Bermuda the following disclosure focuses on Flagstone Suisse operating through its Bermuda branch as it is subject to the most onerous regulation and supervision.
39
10K
fr_axa-AR_2015
7,833
(€7.6 million in 2014); ■ post-retirement benefi ts: the estimated cost to the Group of providing defi ned benefi t pensions and other post-retirement benefi ts to members of the Management Committee for the current year of service measured in accordance with IAS 19 amounted to 6.2 million (4.4 million in 2014).
52
annual_report
AegonNV-AR_2017
220
The Company also has operations elsewhere in Europe, as well as in Asia and Latin America.
16
annual_report
4931
780
Fair Value of Financial Instruments • The Company determines fair value for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. The Company defines fair value as the price that would be received fr...
80
10K
RSAInsuranceGroupPLC-AR_2013
1,561
10. No other Directors of the Company held long-term incentive scheme interests during 2013.
14
annual_report
Sampoplc-AR_1999
467
Dividend per share dividend for the accounting eriod adjusted number of shares at Dec. 31
15
annual_report
5230
945
Discussion of losses and loss reserves and prior period loss development at December 31, 2016
15
10K
5472
1,516
The following tables present a roll forward of net expected loss to be paid for all contracts. The Company used risk-free rates for U.S. dollar denominated obligations that ranged from 0.0% to 2.78% with a weighted average of 2.38% as of December 31, 2017 and 0.0% to 3.23% with a weighted average of 2.73% as of Decembe...
92
10K
453
290
b. INSURANCE COMPANY OPERATIONS Premiums are earned on a pro-rata basis over the terms of the policies. Premiums applicable to the unexpired terms of policies in force are recorded as unearned premiums. The Company earns a commission on policies that are ceded to its reinsurers. This commission is considered earned on ...
85
10K
PowszechnyZakladUbezpieczenSA-AR_2017
2,673
Development and Finance, acting pursuant to § 20 Section 7 of the PZU Articles of Association, dismissed Jerzy
18
annual_report
5834
2,488
The volume and timing of title insurance claims are subject to cyclical influences from both the real estate and mortgage markets. Title policies issued to lenders constitute a large portion of the Company’s title insurance volume. These policies insure lenders against losses on mortgage loans due to title defects in t...
122
10K
NatixisSA-AR_2018
7,747
Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted on an active market, other than those designated as at fair value through profit or loss or available-for-sale. This excludes assets for which the holder cannot recover the majority of the initial investmen...
62
annual_report
gb_prudential-AR_2015
4,127
Total DAC for US operations 6,148 5,177 * Consequent upon the negative unrealised valuation movement in 2015 of £1,305 million (2014: positive unrealised valuation movement of £956 million), there is a gain of £337 million (2014: a charge of £87 million) for altered shadow DAC amortisation booked within other comprehen...
127
annual_report
5754
437
With respect to its traditional property and casualty insurance products, the Company maintains reserves for the payment of claims (indemnity losses) and expenses related to adjusting those claims (LAE). The Company’s liability for unpaid losses and LAE
37
10K
2306
754
Pro-forma for the refinancing of the credit facilities which was completed in February, 2004, the schedule of contractual obligations appears as follows:
22
10K
ch_zurich_insurance_group-AR_2018
3,325
Liabilities and shareholders’ equity in CHF thousands, as of December 31 Notes 2018 2017
14
annual_report
5422
2,857
Life and annuity run-off business - On December 4, 2017, The Hartford announced it had entered into a definitive agreement to sell its life and annuity run-off businesses to a group of investors led by Cornell Capital LLC, Atlas Merchant Capital LLC, TRB Advisors LP, Global Atlantic Financial Group, Pine Brook and J. S...
110
10K
ScorSE-AR_2011
1,781
In addition, the Chairman and Chief Executive Officer is entitled to the following benefits in kind:  a health insurance policy under the terms of a contract dated 16 September 1988;  an “all causes” death or permanent disability insurance policy for Company Executives, dated 30 June 1993.
48
annual_report
41
423
*At December 31, 1993, borrowings not guaranteed by AIG were $5,942,961.
11
10K
TopdanmarkAS-AR_2017
1,196
Deferred tax assets 2 0 Liquid funds 2 3 TOTAL OTHER ASSETS 4 3 TOTAL ASSETS 5,779 7,114
18
annual_report
HelvetiaHoldingAG-AR_2013
2,347
Finance report Risk management as of 31.12.2013 Exposure Share in %
11
annual_report
4827
698
Excess investment income is reduced by the required interest on net insurance policy liabilities, because we consider these amounts to be components of the profitability of our insurance segments. Required interest is based on the actuarial interest assumptions used in discounting the benefit reserve liability and the ...
281
10K
5525
775
The Company utilizes a nationally recognized pricing service to estimate the majority of its investment portfolio’s fair value. The Company obtains one price per security. The Company’s processes and control procedures are designed to ensure the price is accurately recorded on an unadjusted basis. Through discussions w...
138
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008
245
The high degree of confidence in our Group’s financial strength is reflected in trading with credit default swaps (CDSs). These tools enable investors on the capital market to hedge against the risk of an issuer’s default. The lower the CDS spread, the higher the assessment of the issuer’s security.
49
annual_report
AvivaPLC-AR_2016
1,978
7 TSR VEST ING SCHEDULE FOR THE 2016 LT IP AWARD
11
annual_report
TrygAS-AR_2006
1,032
The parent company’s investments in subsidiaries are recognised and measured under the equity method.
14
annual_report
338
229
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and
29
10K
fr_axa-AR_2007
3,747
— On May 22 , 2007, AXA acquired 75% of kyobo Auto for an amount of KRW 88 billion (€70 million). The company has a leading position in the South Korean direct Motor insurance market with annual revenues of KRW 476 billion (€374 million) in 2007 and a market share above 30%. As of the end of the year, the group’s owner...
70
annual_report
SwissLifeHoldingAG-AR_2006
1,553
Weighted average number of shares outstanding for diluted earnings per share 35 104 369 35 095 099
17
annual_report
3445
723
The Company also owns six buildings in Hartford, Connecticut. The Company currently occupies approximately 1.8 million square feet of office space in these buildings. The Company also owns other real property, which includes office buildings in Denver, Colorado; Fall River, Massachusetts; and a data center located in N...
102
10K
1690
289
We own a California HMO that is incorporated under the laws of the state of California and is primarily regulated by the California Department of Managed Health Care. On May 25, 2001, the California Department of Managed Health Care issued an order appointing a conservator for the California HMO. Also on that date the ...
143
10K
4089
949
American Physicians and APSpecialty are insurance companies each domiciled in the State of Michigan, and are included in the accompanying Consolidated Financial Statements in accordance with GAAP. These entities are subject to regulation by the State of Michigan Office of Financial and Insurance Regulation and file fin...
112
10K
4021
634
The unrealized losses for the equity securities was primarily due to wider spreads for preferred stocks issued by financial institutions following the disruption in credit markets since the time of their acquisition. Some of these financial institutions have exposure to sub-prime mortgages.
42
10K
fr_axa-AR_2000
2,733
Life and Savings. At December 31, 2000, approximately 36% of the total net life insurance liabilities represented separate account (unit linked) contracts, whereby all investment risks and rewards are transferred to the policyholders. Amounts due to policyholders are based on the fair value of the investments supportin...
49
annual_report
NatwestGroupPLC-AR_2016
2,856
Ulster Bank RoI continued to make progress on its cost saving programme supported by process automation and an acceleration of digital adoption balanced with investments to support business growth in opportunities.
31
annual_report
1868
1,261
Participating business represented approximately 35%, 34% and 34% of the Company's life insurance in force and 76%, 79% and 78% of the number of life insurance policies in force at December 31, 2001, 2000 and 1999, respectively. Participating business represented approximately 57%, 61% and 63% of life insurance premium...
60
10K
2232
286
Our order levels began to decline in the third quarter of 2003, largely as a result of an increase in interest rates. Increases in rates tend to reduce real estate activity, particularly refinancings. Rates declined slightly in the fourth quarter. Most industry experts project interest rates to continue at current leve...
74
10K
fr_axa-AR_2008
7,344
4) Resolve to waive the preferential subscription rights of ordinary shareholders to the preferred shares to be issued pursuant to this delegation of authority and to reserve the entire subscription rights of such preferred shares for AXA Assurances IARD Mutuelle and for AXA Assurances vie Mutuelle, each of which is al...
76
annual_report
5073
670
Based on our review of fixed maturity and equity securities, we believe that we appropriately identified the declines in the fair values of our unrealized losses for the years ended December 31, 2015, 2014, and 2013. We determined that the unrealized losses on fixed maturity securities were primarily the result of prev...
133
10K
5086
809
Consolidated Statements of Changes in Shareholder's Equity for the years ended December 31, 2015, 2014 and 2013
17
10K
3891
616
Fully-Insured-Membership contracts are written on an annual basis and are subject to cancellation by the employer group upon thirty days written notice. The Company amended its fully-insured dental HMO contracts and dental indemnity contracts to be non-cancelable by the Company effective May 1, 2008 and its fully-insur...
203
10K
StandardLifeAberdeenPLC-AR_2018
129
In support of the Taskforce for Climate-related Financial Disclosures (TCFD) recommendations, we’ve launched two Climate Change working groups. One group is focused on our investment approach across asset classes. The second group focuses on our operations such as our greenhouse gas emissions, reduction activities and ...
57
annual_report
3018
744
Interest credited - to policyholders was $633.4 million and $637.5 million for the twelve-month periods ended December 31, 2006 and 2005, respectively. The decrease of $4.1 million was the result of a decrease in average policyholder balances of $9.2 million offset by a higher average interest credited rate of $5.1 mil...
51
10K
NatixisSA-AR_2002
3,633
Book Advances Provisions Total Previous Previous % value of year’s year’s shareshares equity profit holding €m capital
17
annual_report
5700
3,827
Changes in the interest rate environment can have a significant impact on investment returns, guaranteed income features, and spreads, and a moderate impact on sales and surrender rates.
28
10K
3866
1,153
Providing limits no higher than $15 million with facultative or treaty reinsurance in place in 2009 for losses greater than $6 million.
22
10K
5136
671
Other revenues in 2013 included a $91 million gain from the settlement of a legal proceeding, which is discussed in more detail in note 16 of notes to the consolidated financial statements herein.
33
10K
HannoverRueckSE-AR_2011
1,073
Owing to temporary valuation losses arising out of the fair value measurement of investments deposited with ceding companies as required by the relevant accounting rules, the operating result recognised by our subsidiary in the year under review decreased to EUR 9.0 million (EUR 13.0 million).
45
annual_report
NatixisSA-AR_2007
8,767
Sensitive cases are reviewed at least quarterly and are presented to the quarterly Watch List Committee.
16
annual_report
1096
292
NOTES TO STATUTORY FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 1998, 1997 AND 1996
13
10K
SwissReAG-AR_2018
920
Swiss Re shares Swiss Re had a market capitalisation of CHF 30.5 billion on 31 December 2018, with 338.6 million shares outstanding, of which 300.0 million were entitled to dividends. Swiss Re shares are listed in accordance with the International Reporting Standard on the SIX Swiss Exchange (SIX) and are traded under ...
56
annual_report
fr_axa-AR_2001
202
Special Note Regarding Forward-Looking Statements This annual report contains both historical and forward-looking statements concerning the financial condition, results of operations and business of AXA. All statements other than statements of historical facts are, or may be deemed to be, forward-looking statements. Fo...
134
annual_report
2122
317
The consolidated financial statements include the accounts of the Company and its subsidiaries. Significant intercompany accounts and transactions have been eliminated. The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States ...
92
10K
gb_lloyds_banking_grp-AR_2016
5,121
Loans and receivables: Loans and advances to customers 583 – 1,491 –
12
annual_report
TopdanmarkAS-AR_2018
604
Net present value of expected future cashflows 15 22 Profit margin 69 70
13
annual_report
ch_zurich_insurance_group-AR_2014
953
2 Committee members receive a cash fee of CHF 50,000 (CHF 50,000 in 2013) for all committees on which they serve, irrespective of the number. The committees on which the Directors serve are set out in the Corporate governance report on page 29.
43
annual_report
AvivaPLC-AR_2018
2,576
Long-term business technical provisions and other insurance items 907 37 Deferred acquisition costs 3 (2) Unrealised (losses) on investments (1,453) (33) Pensions and other post-retirement obligations 2 19 Unused losses and tax credits 7 19 Subsidiaries, associates and joint ventures (7) (4) Intangibles and additional ...
68
annual_report
1913
1,016
MONY Group’s principal operating subsidiaries are MONY Life Insurance Company (“MONY Life”), formerly known as The Mutual Life Insurance Company of New York, and The Advest Group, Inc. (“Advest”). MONY Life’s principal wholly owned direct and indirect operating subsidiaries include: (i) MONY Life Insurance Company of A...
304
10K
de_allianz-AR_2018
2,226
Process (ELCA), IT General Controls (ITGC) and controls at process levels. The ELCA framework contains controls to monitor the system of governance effectiveness. In the ITGC framework we have implemented, for example, controls for access right management and for project and change management. We are in the process of ...
59
annual_report
SwissReAG-AR_1904
14
Shareholder's Capital (4000 shares of Pr. 2000 each) . . 8,000,000 Reserve Fund ... 1,000,000 — Special Reserve 600,000 — Due to other Companies ............ 2,220,762 88 Sundry creditors 57,060 98 Reserves, Fire, Marine, Accident and Burglary Dep^-: for unexpired risks Fr. 4,431,541.57 „ outstanding losses . . . ........
57
annual_report
5542
603
Premium income, deposits to policyholder account balances, investment income, and capital raising are the primary sources of funds while withdrawals of policyholder account balances, investment purchases, policy benefits in the form of claims, and operating expenses are the primary uses of funds. To ensure we will be a...
167
10K
RaiffeisenBankInternationalAG-AR_2017
5,751
The amendments serve to clarify the provisions in relation to transfers to or from investment properties. In particular, the amendments clarify whether property which is under construction or development which was previously classified under inventories can be transferred to investment properties when there is an evide...
68
annual_report
gb_prudential-AR_2011
1,301
He served the Government of Australia as Chairman of the Food Industry Council and as a Member of the Industry Council of Australia, and was also a member of the Advisory Committee for an APEC (Asia-Pacific Economic Cooperation) Food System, a Member of The Turkish Prime Minister’s Advisory Group and the WTO (World Tra...
60
annual_report
RaiffeisenBankInternationalAG-AR_2013
475
Tier 1 capital fell 3.4 per cent, or € 311 million, to € 8,968 million, particularly due to the negative development of the Russian rouble, the Ukrainian hryvna, the Czech koruna and the Polish zloty. Another negative effect resulted from the purchase of 25 per cent of the non-controlling interests in Raiffeisenbank Au...
85
annual_report
2886
881
Through its subsidiary, Rockwood, the Company has exposure to claims for black lung disease. Those diagnosed with black lung disease are eligible to receive workers’ compensation benefits from various federal and state programs. These programs are continually being reviewed by the governing bodies and may be revised wi...
79
10K
2998
913
We have audited the accompanying consolidated balance sheets of StanCorp Financial Group, Inc. and subsidiaries (the “Company”) as of December 31, 2006 and 2005, and the related consolidated statements of income and comprehensive income, changes in shareholders’ equity, and cash flows for each of the three years in the...
79
10K
3202
1,424
At December 31, 2006 and 2005 XLCA had a federal income tax payable of $5.3 million and $1.0 million respectively. For the post-ownership change period, XLCA will maintain a similar tax sharing agreement with U.S. affiliates that are a member of the SCA Holdings U.S. Inc. consolidated tax filing. In addition, a complem...
73
10K
AegonNV-AR_2005
2,629
AEGON N.V. has guaranteed and is severally liable for the following: • Due and punctual payment of payables due under Letter of Credit Agreements applied for by AEGON N.V. as co-applicant with its subsidiary companies AEGON USA, Inc., Commonwealth General Corporation and Transamerica Corporation (EUR 3,680 million). At...
58
annual_report
fr_axa-AR_2013
593
In 2004, AXA Financial acquired The MONY Group Inc. and its subsidiaries, including MONY, MLOA, U.S. Financial
17
annual_report
RaiffeisenBankInternationalAG-AR_2007
2,008
Negative fair values of derivatives in cash flow hedges (IAS 39) 8,302 –
13
annual_report
AvivaPLC-AR_2019
1,803
Strategic report Governance IFRS financial statements Other information 13 CEO Pay ratio table
13
annual_report
3939
1,185
incentive compensation expense which was 1.0 point higher than in the year ended December 31, 2007 and 1.0 point of office consolidation costs.
23
10K