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NatixisSA-AR_2009
2,336
a The breakdown of assets under management in Europe in 2009 reveals a higher proportion of insurance products (+1.3 points). The proportion of equity products also increased by 1.3 points over the year and represented 8.3% of assets under management at year’s end. By contrast, the weight of money-market products fell ...
57
annual_report
PowszechnyZakladUbezpieczenSA-AR_2015
1,074
• Video tips come in many forms, for example: comments from specialists, infographics, manuals.
14
annual_report
3100
3,318
The value of the identifiable intangible assets reflects the estimated fair value of customer relationships acquired of $19,790 and the estimated fair value of the preferred provider agreement of $14,490. These intangibles will be amortized in relation to the expected economic benefits of the agreement. If actual exper...
73
10K
ch_zurich_insurance_group-AR_2013
190
Farmers Management Services business operating profit decreased by USD 38 million to USD 1.4 billion, mainly due to a decrease in management fees and other related revenues, as well as lower investment income. This decrease was more than offset by the improved underwriting result in Farmers Re, where business operating...
103
annual_report
AdmiralGroupPLC-AR_2014
652
The European operations are all structured as branches of UK companies, with the UK insurance intermediary permission passported into Europe.
20
annual_report
ch_zurich_insurance_group-AR_2006
1,905
New business In USD millions, for the years ended December 31 value, after tax
14
annual_report
5629
737
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), the consolidated balance sheets of the Company as of December 31, 2018 and 2017, the related consolidated statements of operations, comprehensive income, changes in equity, and cash flows for...
91
10K
NatixisSA-AR_2007
7,150
+ Income from discontinued activities 369 - Share of income of associates (672) (64)
14
annual_report
4646
1,201
VIEs include CMBS, residential mortgage-backed pass-through securities ("RMBS") and other ABS. All of these entities were deemed VIEs because the equity within these entities is insufficient to sustain them. We determined we are not the primary beneficiary in any of the entities within these categories of investments. ...
76
10K
883
270
Effective January 1, 1998 the Company and its subsidiaries adopted Statement of Financial Accounting Standards No. 131, Disclosures about Segments of an Enterprise and Related Information, ("SFAS No. 131"). SFAS No. 131 requires that financial and descriptive information be disclosed for each reportable operating segme...
138
10K
2624
512
Benefits and settlement expenses declined in 2003, reflecting the decrease in the segment's net premiums and the significant improvement in loss ratios. Amortization of DAC increased in 2003 primarily as a result of the higher overall sales of credit insurance during the year. Operating expenses declined primarily due ...
64
10K
RSAInsuranceGroupPLC-AR_2012
2,371
change in Pounds Sterling against Danish Krone/Euro, Canadian Dollar or Swedish Krona would have the following impact on shareholders’ equity: strengthening in Pounds
23
annual_report
NNGroupNV-AR_2013
1,551
The deferred tax asset includes balances for which the utilisation is dependent on future taxable profits whilst the related entities have incurred losses in either the current year or the preceding year. The aggregate amount for the most significant entities to which this applies is EUR 94 million (2012: EUR 129 milli...
56
annual_report
3348
1,273
During 2007, 2006 and 2005, Legacy Marketing initiated sales incentive programs for its independent insurance producers and its top producers (“Wholesalers”), which granted bonuses to the producers and Wholesalers based upon their achievement of predetermined monthly sales targets. The Company recorded expense of $1.0 ...
122
10K
RaiffeisenBankInternationalAG-AR_2018
3,513
Capital and earnings projection for a three-year planning period based on assumptions of a significant downturn in the economy 85–90 per cent, based on potential management decisions to reduce risk temporarily or raise additional equity capital
36
annual_report
BeazleyPLC-AR_2016
786
The group believes in the importance of diversity for board and group effectiveness and has developed a diversity strategy to support our commitment to being an equal opportunities employer. We achieved our goal of three female directors by the 2017 AGM, having gone from none to three within five years. We have now set...
111
annual_report
SwissLifeHoldingAG-AR_2015
1,875
Compliance with external constraints Aspects other than the purely economic view must also be considered in the ALM process, such as regulatory requirements including statutory minimum distribution ratios (“legal quote”), funding ratios, solvency, local accounting rules and International Financial Reporting Standards, ...
70
annual_report
4334
652
ADJUSTED PRE-TAX INCOME In addition to the above, we also analyze the operating performance of our U.S. public finance insurance segment using adjusted pre-tax income. We believe adjusted pre-tax income, as used by management, is useful for an understanding of the results of operations of our U.S. public finance insura...
81
10K
2945
997
On June 9, 2005, we announced the completion of our acquisition of Lumenos, Inc., or Lumenos, for approximately $185.0 million in cash paid to the stockholders of Lumenos. The acquisition of Lumenos provided us with market leading consumer-driven health programs as well as the service experience with such programs and ...
84
10K
3568
2,883
(dd) Contingent Liabilities: Amounts are accrued for the resolution of claims that have either been asserted or are deemed probable of assertion if, in the opinion of management, it is both probable that a liability has been incurred and the amount of the liability can be reasonably estimated. In many cases, it is not ...
90
10K
4897
1,394
new or renewal contract may be capitalized, and direct-response advertising costs may be capitalized only if they meet certain criteria. This guidance is effective on a prospective or retrospective basis for interim and annual periods beginning after December 15, 2011. We retrospectively adopted this guidance as of Jan...
133
10K
4766
870
On a consolidated basis, our invested assets were approximately $19.0 billion as of December 31, 2013, compared with approximately $18.3 billion as of December 31, 2012. The increase in our invested assets primarily reflects the investment of positive cash flow at our reinsurance and insurance segments and net unrealiz...
78
10K
gb_lloyds_banking_grp-AR_2019
2,019
The Committee has continued to focus on the issues relevant to the Group’s financial reporting, including consideration of key accounting judgements, and ensuring the integrity of financial reporting and related disclosures. The Committee has also spent a significant proportion of its time considering other related are...
97
annual_report
4787
1,115
The carrying amount of policyholders’ funds approximates the fair value since the Company can change the interest credited rates with 30 days notice. The estimated fair value was classified as Level 2.
32
10K
INGGroepNV-AR_2009
115
Under the terms of the IABF, a full risk transfer to the Dutch State was realised on 80% of our approximately EUR 30 billion par value portfolio of Alt-A RMBS at ING Direct USA and ING Insurance Americas. As a consequence, the Dutch State now participates in 80% of any results of the portfolio. The risk transfer took p...
187
annual_report
SwissReAG-AR_1982
441
In the published annual accounts of the individual Group companies capital investments are valued in accordance with local accounting regulations, which are subject in part to great variation. For the consolidation, however, uni­ form valuation rules are applied; fixed-interest invest­ ments, shares and holdings are in...
153
annual_report
LloydsBankingGroupPLC-AR_2013
4,981
During December 2011, the Group completed the exchange of certain subordinated debt securities which resulted in a gain on extinguishment of the existing securities of £599 million.
27
annual_report
gb_lloyds_banking_grp-AR_2013
849
We work with SMes to help them to understand and maximise the commercial benefits of sustainable business practices. early in 2013, lloyds Bank and Bank of Scotland both launched versions of our new online tool, ReDuCe – a free resource that enables SMes to create and implement their own sustainable business plan.
52
annual_report
PhoenixGroupHoldingsPLC-AR_2020
701
Management actions undertaken increased the surplus by £1.3 billion. This includes £0.5 billion in respect of capital synergies associated with the acquisition of the ReAssure businesses, primarily resulting from the implementation of additional hedging to protect the value of the acquired business and harmonisation of...
97
annual_report
NatixisSA-AR_2018
12,006
François Riahi’s fixed compensation for fiscal year 2019 remains unchanged from the previous fiscal year at €800,000 gross.
18
annual_report
PowszechnyZakladUbezpieczenSA-AR_2010
572
Another initiative carried out by PZU POMOC SA in 2010 involved launch of 13 "helping hand"
16
annual_report
5089
1,247
See the ‘Operational Improvement Program’ section above for further details of the restructuring costs.
14
10K
5213
786
Investment portfolios are subject to internal investment guidelines, including limits on types and quality of investments imposed by applicable insurance laws and regulations. As part of its investment strategy, and in accordance with the aforementioned guidelines, Ambac Assurance and Ambac Assurance UK Limited ("Ambac...
68
10K
AvivaPLC-AR_2008
1,551
During the year the Board accepted the Committee’s recommendations that Mark Hodges and Euleen Goh join the Board. Mark Hodges was appointed as an executive director of the Board, increasing the number of executive directors to three. The appointment of Euleen Goh as a new non-executive director from 1 January 2009 als...
105
annual_report
fr_axa-AR_2012
7,338
To the best of the Company’s knowledge, based on information reported to it: ■ on December 31, 2012, there were no loans outstanding from the Group to any of the Company’s executive offi cers or to any member of the Company’s Board of Directors; ■ during 2012, the daughter of a member of the Board of
56
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011
814
to configure our economic asset-liability management as effectively as possible, we also use derivative financial instruments to hedge against fluctuations on the interestrate, equity and currency markets. under iFrs accounting, we recognise these in profit or loss, i.e. as income or expense in our income statement. ho...
134
annual_report
4068
829
Year ended December 31, 2009 compared with year ended December 31, 2008
12
10K
PosteItalianeSpA-AR_2016
83
The Board of Directors and Board of Statutory Auditors and their respective chairpersons are elected and dismissed by General Meeting of shareholders, which is also responsible for determining the related remuneration and for appointing independent auditors. The General Meeting also approves the annual financial statem...
468
annual_report
NatixisSA-AR_2011
812
The cross-reference table in Chapter [7.6] indicates how the content of this report meets the requests and obligations of these reporting standards.
22
annual_report
NatixisSA-AR_2020
4,686
The resilience of the Payments business is mainly illustrated by: the contained decline in Natixis Payment Solutions’ legacy e(i) banking activities of 4% in the volume of card payments (after the 19% drop in Q2 2020 compared to Q2 2019); the limited decline in Natixis Intertitres’ historic restaurant(ii) voucher issua...
150
annual_report
BaloiseHoldingLtd-AR_2014
1,049
OTHER DISCLOSURES ������������������������������������������������������������������������� 229 Acquisition and disposal of companies ������������������������������������� 229 Related party transactions ��������������������������������������������������������������� 230 Remuneration paid to the Board of Directors and t...
100
annual_report
2807
723
Prior to the sale of Global Preferred Re on May 25, 2005, we had written all of our reinsurance business in U.S. dollars.
23
10K
AegonNV-AR_2015
1,809
Group supervision Solvency II not only imposes regulatory requirements on individual EU insurance and reinsurance undertakings; many of the requirements that apply to the individual insurance and reinsurance undertakings apply, with the necessary modifications,at group level. These requirements include group solvency r...
71
annual_report
2392
2,090
Insurance and investment contract liabilities include various investment-type products with contractually scheduled maturities including periodic payments of a term certain nature and guaranteed maturities under guaranteed investment contracts. Items excluded from the table include (i) liabilities for future policy ben...
147
10K
StorebrandASA-AR_2010
1,505
result in relation to the expectations for 2011. an estimated normalised return is included in estimated effects throughout the year based on uncertain assumptions about future returns and other uncertain factors and uncertain assumptions. the stress tests were applied to the investment portfolio on 31 december 2010 an...
114
annual_report
NatixisSA-AR_2015
7,866
Recognized actuarial gains and losses over the period 3 1 4 2 1 3
14
annual_report
5787
901
(b) The claim and claim adjustment expense reserves reflected above are not discounted and represent CNA’s estimate of the amount and timing of the ultimate settlement and administration of gross claims based on its assessment of facts and circumstances known as of December 31, 2019. See the Insurance Reserves section ...
56
10K
2888
1,378
On July 14, 2005, the Company received an additional subpoena from the Connecticut Attorney General’s Office concerning the Company’s structured settlement business. This subpoena requests information about the Company’s sale of annuity products for structured settlements, and about the ways in which brokers are compen...
74
10K
de_allianz-AR_2011
1,082
excluding natural catastrophes, our accident year loss ratio slightly improved. the overall higher average annual premium, lower volume of large losses and favorable changes in claims frequency and severity were partly offset by the strong growth in our u.s. crop business – having a structurally higher loss ratio – as ...
69
annual_report
5906
4,397
See “Realized Gain (Loss)” in Note 16 for information on reinsurance related embedded derivatives.
14
10K
3155
2,728
The amortized cost and estimated fair value of short-term and long-term investments by contractual maturity were as follows at December 31, 2006 and December 31, 2005 (in thousands):
28
10K
2129
5,282
None of the securities at December 31, 2003 has been in an unrealized loss position for more than 34 months. For our unrealized loss positions held between 24 and 34 months, 27%, or $12.7 million (cost), were rated AAA and were generally below amortized cost primarily due to interest rate moves. In addition, 56%, or $2...
134
10K
5811
1,082
Insurance (“IDOI”) and only out of capital and surplus funds of Anthem Insurance that the IDOI determines to be available for the payment under Indiana insurance laws.
27
10K
2039
1,100
Based on the weighted average monthly investments held, and including net unrealized gains of $8.3 million for the fourth quarter and $33.6 million for the year ended December 31, 2002, the total investment return was 1.4% and 7.0%, respectively. Interest rates declined in 2002, which resulted in decreasing reinvestmen...
84
10K
INGGroepNV-AR_2007
692
The successful launch of Global Yield Maximiser, with assets under management of EUR 102 million at the end of 2007, refl ected close cooperation between ING IM Australia and ING Private Banking in Asia. The launch of the China Access Fund was also successful and raised EUR 80 million during the IPO. The joint venture ...
110
annual_report
4891
1,484
On July 23, 2013 the Company entered into an amendment to its existing credit facilities to extend both the amount of financing and the maturity date of the facilities. As a result of this amendment, the Company's revolving credit facility was increased from $500 million to $800 million. The maturity date on both the r...
101
10K
fr_axa-AR_2008
1,346
AXA ASSISTANCE Gross revenues increased by €61 million (+8%) to €870 million, or €751 million after intercompany eliminations. On a comparable basis, gross revenues increased by €79 million (+11%) driven by a strong development in Healthcare and Travel activities.
39
annual_report
AegonNV-AR_2004
709
Investment income, excluding realized gains and losses on shares and real estate, was 4% higher in 2004 compared to 2003. Interest rate related net trading gains of USD 402 million have been deferred for 2004. Asset defaults improved significantly over last year and were below long-term expected rates. Actual net credi...
119
annual_report
5384
969
Insurance Expenses decreased by $3.0 million for the year ended December 31, 2017, compared to 2016, due primarily to a lower premium deficiency in the Alliance United nonstandard personal automobile book of business, which allows for a higher percentage of acquisition costs to be deferred, an increase in the percentag...
111
10K
4064
1,056
Perpetual preferred stock - Preferred stock that has no fixed maturity date and that cannot be redeemed at the option of the holder. Cumulative perpetual preferred stock accumulates dividends from one dividend period to the next.
36
10K
2582
740
One of the Company’s board members is an employee of the Company’s primary outside legal services firm. Fees were paid to that legal firm of $1,155, $620, and $1,096 for the years ended December 31, 2004, 2003 and 2002, respectively. Accrued legal fees in the amount of $268 and $203 were included in the accrued expense...
69
10K
gb_prudential-AR_2018
395
Hong Kong Life insurance Market ranking3 3rd Population 7m Penetration16 14.6% Average health protection gap per household9 US$9,156
18
annual_report
1975
1,002
In September 2002, the Emerging Issues Task Force released Issue (“EITF”) No. 02-16, “Accounting by a Reseller for Cash Consideration Received from a Vendor.” Under this pronouncement, any consideration received from a vendor is presumed to be a reduction of the prices of the vendor’s products and should, therefore, be...
126
10K
de_allianz-AR_2009
3,624
Other restructuring plans For 2009, amongst others the following restructuring plans were reflected: Allianz S.p.A., Italy In 2007, the Boards of RAS, Lloyd Adriatico and AZ Subalpina announced a restructuring program for the integration of these three companies into Allianz S.p.A. effective since October 1, 2007.
46
annual_report
2187
1,219
We maintain a diversified portfolio of investments which is supervised by an experienced in-house staff of investment professionals. Sophisticated asset/liability management techniques are employed in order to achieve competitive yields, while maintaining risk at acceptable levels. The asset portfolio is segmented by l...
113
10K
AegonNV-AR_2004
809
Both in 2003 and 2004, GBP 10 million of restructuring charges were taken related to expense reduction programs.
18
annual_report
363
302
Effective February 1, 1996, the Company completed the acquisition of all of the outstanding common stock of AHP for $15.0 million, which includes the present value of amounts payable under 36-month non-competition agreements with four former stockholders of AHP.
39
10K
CNPAssurancesSA-AR_2009
4,497
■ adjust the purchase price of the shares in order to take into account the impact of the above-mentioned transactions on the value of the share,
26
annual_report
NatixisSA-AR_2002
2,005
In 2002, the EGM of December 6, 2002 approved the merger-absorption by Natexis Banques Populaires of Société Immobilière ABC with effect from April 1, 2002.
25
annual_report
AdmiralGroupPLC-AR_2014
1,110
The Nomination Committee led this process and assessed the balance of skills, knowledge, independence, diversity and experience on the Board. The Committee developed an appropriate specification for this role identifying the need for the successful candidate to have insurance experience and a technical accounting quali...
57
annual_report
LloydsBankingGroupPLC-AR_2002
1,212
Balance sheet Assets Loans and advances to customers – – 329 – Tangible fixed assets 1,307 911 – – Other assets and prepayments 25 45 4 –
27
annual_report
2838
1,078
The Company is also regulated by the provisions of the California Insurance Holding Company System Regulatory Act (the “Holding Company Act”). Many transactions that are defined to be of an “extraordinary” nature may not be effected without the prior approval of the California Department of Insurance (“CDI”). In additi...
88
10K
INGGroepNV-AR_2003
293
Detailed information on the Supervisory Board members is given on page 74.
12
annual_report
5491
2,009
The tail factor is typically the most critical assumption, and small changes in the selected tail factor can have a material effect on our carried reserves. For example, the tail factors beyond twenty years for guaranteed cost business could vary by one and one-half percent below to two percent above those actually ind...
96
10K
2297
1,218
To help limit the credit exposure of the derivatives, the Company has entered into master netting agreements with its counterparties whereby contracts in a gain position can be offset against contracts in a loss position. The Company also typically enters into bilateral, cross-collateralization agreements with its coun...
115
10K
5336
735
Unfavorable changes in economic conditions, including declining consumer confidence, inflation, high unemployment, and the threat of recession, among others, may lead the Exchange’s customers to modify coverage, not renew policies, or even cancel policies, which could adversely affect the premium revenue of the Exchang...
101
10K
PhoenixGroupHoldingsPLC-AR_2018
3,517
Gain from changes in financial assumptions – 62 – – 62
11
annual_report
Sampoplc-AR_2006
3,400
Parent Company Sampo plc’s Financial Statements 21 Deferred tax assets EURm 2006
12
annual_report
AegonNV-AR_2004
292
In compliance with the Dutch Corporate Governance Code, the members of the Executive Board will henceforth be appointed for a term of four years, subject to possible reappointments by the AGM. According to the retirement schedule (which has been posted on AEGON’s corporate website)
44
annual_report
1095
290
The ceded reinsurance recoverable, classified as an asset, includes $94.4 million at the end of 1998 ($97.6 million at the end of 1997 and $102.2 million at the end of 1996) of balances recoverable from various facilities (such as the SC Facility, NC Facility and NFIP). See Note 13 of Notes to Financial Statements.
54
10K
2634
855
Under SFAS No. 107, the Company’s investment securities, cash and cash equivalents, premiums receivable, reinsurance recoverable on paid losses, long-term debt, and note payable constitute financial instruments. The carrying amounts of all financial instruments approximated their fair values at December 31, 2004 and 20...
44
10K
NatixisSA-AR_2016
3,720
Furthermore, since mid-2011, Natixis’ funding structure has relied on a Joint Refinancing Pool shared by Natixis and BPCE. Placed under the authority of the Group ALM Committee, this platform was implemented in order to secure the Group’s
37
annual_report
PowszechnyZakladUbezpieczenSA-AR_2014
1,537
Management Board in each company determines the risk appetite, the risk profile and tolerance limits which reflect its strategic plans and objectives of the entire PZU Group.
27
annual_report
4146
906
The Company recognizes the overfunded or underfunded status of its defined benefit plans in Other assets or Other liabilities on the Consolidated Balance Sheets. Changes in funded status related to prior service costs and actuarial gains and losses are recognized in the year in which the changes occur through Other com...
151
10K
5285
643
Reinsurance gross premiums increased 10% to $709 million in 2016 from $643 million in 2015. Gross premiums written decreased $6 million (1%) for casualty lines and increased $72 million (34%) for property lines.
33
10K
5295
1,712
While the substantial majority of our investment portfolio has been allocated to corporate bonds and structured credit products, a key component of our investment strategy is the opportunistic acquisition of investment funds with attractive risk and return profiles. Our investment fund portfolio consists of funds that ...
205
10K
1093
464
Change in other assets, current and deferred income taxes and other liabilities of $2.0 million related primarily to HealthAxis' payments to AOL and Lycos, net of funds received from HPS.
30
10K
NatwestGroupPLC-AR_2010
3,591
Major classes of plan assets as a percentage of total plan assets 2010 2009 2008 2010 2009 2008
18
annual_report
gb_lloyds_banking_grp-AR_2016
2,872
How market risks arise and are managed across the Group’s activities is considered in more detail below.
17
annual_report
5869
2,258
For AG Re, any distribution (including repurchase of shares) of any share capital, contributed surplus or other statutory capital that would reduce its total statutory capital by 15% or more of its total statutory capital as set out in its previous year's financial statements requires the prior approval of the Authorit...
215
10K
4619
880
Policy and contract claims include provisions for claims incurred but not reported and claims in the process of settlement. The provision for claims incurred but not reported is valued based primarily on the Company’s prior experience. The claims in the process of settlement are valued in accordance with the terms of t...
56
10K
PosteItalianeSpA-AR_2017
5,552
Related parties external to the Group include the MEF and its direct and indirect subsidiaries and associates. Related parties also include Poste Italiane SpA’s key management personnel and the funds representing poste-employment benefit plans for the personnel of BancoPosta RFC and its related parties. The state and p...
80
annual_report
5924
1,646
For CLOs and MBS, included in the trading and fixed maturity AFS securities portfolios, we recognize income using a constant effective yield based on anticipated prepayments and the estimated economic life of the securities. When actual prepayments differ significantly from originally anticipated prepayments, the retro...
102
10K
StandardLifeAberdeenPLC-AR_2007
873
IFRS condensed consolidated income statement For the year ended 31 December 2007 80 Standard Life
15
annual_report
4598
896
Colonial Life's sales were higher in 2011 compared to 2010, with new account sales 1.6 percent above the level of 2010, and existing account sales 2.2 percent higher than in 2010. Commercial market sales were 2.5 percent higher in 2011 compared to 2010, driven primarily by a sales increase of 4.5 percent in the core co...
134
10K
gb_lloyds_banking_grp-AR_2005
1,964
Amendment to IAS 39 Financial Instruments: Recognition and Measurement – The Fair Value Option
14
annual_report
SwissLifeHoldingAG-AR_2017
1,386
TOTAL CASH AND CASH EQUIVALENTS AS AT END OF PERIOD 6 611 7 333
14
annual_report
835
415
Income taxes for the years ended December 31, 1997, 1996 and 1995 is summarized as follows:
16
10K
gb_lloyds_banking_grp-AR_2016
4,474
Duration of the defined benefit obligation 20 19 2016 £m 2015 £m
12
annual_report
4383
1,441
(2) Represents the change in the DAC adjustment for unrealized capital gains and losses. The DAC adjustment balance was $(121) million and $78 million as of December 31, 2011 and 2010, respectively, and represents the amount by which the amortization of DAC would increase or decrease if the unrealized gains and losses ...
59
10K