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AvivaPLC-AR_2016
1,770
2016 annual bonus Performance at Group level against the financial targets in our bonus scorecard was strong again in 2016. Our strategic performance target of online customer registrations was also surpassed for the year with active digital registrations globally increasing by over 100% during 2016. The Committee has ...
67
annual_report
5851
1,596
 changes in uncertain tax positions and other tax items related to legacy matters having no relevance to our current businesses or operating performance; and
25
10K
TrygAS-AR_2009
398
The bond portfolio accounted for an almost constant proportion of 86.2% of total assets in 2009. In 2009,
18
annual_report
4743
1,231
We recognized favorable prior period claims development in the amount of $39.3 million for the year ended December 31, 2012. This amount represents our estimate as of December 31, 2012, of the extent to which our initial estimate of medical claims and benefits payable at December 31, 2011 was more than the amount that ...
83
10K
1668
503
Total shareholders' equity, end of year $ 32,012,493 $ 29,126,293 $ 29,160,336 ============== ============== ==============
15
10K
NatwestGroupPLC-AR_2007
4,497
Note: (1) Segmental results for 2006 and 2005 have been restated to reflect transfers of businesses between segments in 2007.
20
annual_report
AegonNV-AR_2011
5,665
298 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS OF AEGON N.V. NOTE 51 - 52 51 BUSINESS COMBINATIONS
17
annual_report
AdmiralGroupPLC-AR_2017
2,626
Registered office: 140 East Shore Drive, Suite 300, Glen Allen, VA 23059 compare.com Insurance Agency LLC Ordinary 71.1 (indirect) Insurance Intermediary
21
annual_report
DirectLineInsuranceGroupPLC-AR_2012
2,337
Number of Ordinary Shares in issue (millions) 1,500.0 1,500.0 Shares held by employee share trusts (millions) (2.8) – Closing number of Ordinary Shares in issue (millions) 1,497.2 1,500.0
28
annual_report
3051
1,380
With the five year period approaching in 2008 for the junior subordinated debentures issued in 2003, we will be reviewing the capital strategy associated with refinancing at lower costs through debentures or equity.
33
10K
3400
1,321
As discussed in Note 2, Summary of Significant Accounting Policies, in September 2006, the FASB issued SFAS No. 158, which requires that the funded status of defined benefit postretirement plans be fully recognized on the statement of financial position, and requires the recognition of changes in the funded status of s...
149
10K
TrygAS-AR_2010
1,609
Under market value adjustment the adjustment of inflation swaps totals DKK 27m (in 2009 DKK 13m).
16
annual_report
5462
1,072
The provision for home warranty claims, expressed as a percentage of home warranty premiums, was 53.5% in 2017, 60.7% in 2016 and 56.5% in 2015. The decrease in rate in 2017 from 2016 was primarily attributable to a decrease in the frequency and severity of claims and, to a lesser extent, an increase in average revenue...
182
10K
374
951
ACQUISITIONS. Over the past four years, the Company has acquired seasoned blocks of business to supplement its revenue. These acquisitions included (i) a block of Medicare Supplement Products purchased from AII in September 1992, (ii) a block of Medicare Supplement Products purchased from LHI in March 1993, (iii) a blo...
106
10K
1988
906
Income taxes. For fiscal year 2002 our effective tax rate was approximately 39.5%. For fiscal year 2001 our recorded income tax expense approximated an effective tax rate of 52.8%. The difference in rates is primarily due to the amortization of non-deductible goodwill in fiscal year 2001, which is approximately $21 mil...
67
10K
de_allianz-AR_2007
314
Terry Towell, Allianz Australia, Sydney Axel Theis, Allianz Global Corporate & Specialty, Munich Andrew Torrance, Allianz Cornhill Insurance, London
19
annual_report
RaiffeisenBankInternationalAG-AR_2018
5,565
In a genuine sale and repurchase transaction, RBI sells assets to a third party and agrees at the same time to repurchase these assets at an agreed price and time. The assets remain on RBI’s statement of financial position and are measured according to the standards applied to the item in the statement of financial pos...
107
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2013
1,413
For 2014, we anticipate consistently low interest-rate levels and hence somewhat lower regular income from fixed-interest securities and loans. We also intend not to significant ly increase our relatively low equity-backing ratio of 4.5%, so that write-down risks are low, but so are our chances of realising gains on di...
118
annual_report
2235
811
Accrued medical expenses for inpatient, outpatient surgery, emergency room, specialist, pharmacy and ancillary medical claims include amounts billed and not paid and an estimate of cost incurred for unbilled services provided. These liabilities are principally based on historical payment patterns using actuarial techni...
118
10K
CNPAssurancesSA-AR_2012
298
CNP Assurances is one of France’s biggest institutional investors and a major contributor to the French economy, with €116 billion invested at the end of 2012. By inancing public sector and corporate issuers, the Group provides them with the stability needed to support their development.
45
annual_report
1608
368
As discussed in Note 12 to the consolidated financial statements, the Company changed its method of accounting for insurance-related assessments in 1999.
22
10K
2945
1,544
Under the Board of Directors’ authorization, WellPoint maintains a common stock repurchase program. Repurchases may be made from time to time at prevailing market prices, subject to certain restrictions on volume, pricing and timing. During 2005, WellPoint repurchased and retired approximately 5.1 shares at an average ...
185
10K
RSAInsuranceGroupPLC-AR_2020
3,930
Underlying profit after tax divided by the weighted average number of shares in issue during the period.
17
annual_report
SwissLifeHoldingAG-AR_2020
821
Corporate citizenship Swiss Life fosters contacts with representatives of its political and business world and liaises with trade and umbrella associations. In addition, Swiss Life is committed to projects and institutions in the areas of culture, science, education, the environment and research.
42
annual_report
Sampoplc-AR_2015
572
Technical result increased to EUR 657 million (588). Insurance margin (technical result in relation to net premiums earned) improved to 15.1 per cent (13.2).
24
annual_report
INGGroepNV-AR_2009
1,772
Subordinated loans consist of perpetual subordinated bonds issued by ING Groep N.V. These bonds have been issued to raise hybrid capital for ING Verzekeringen N.V. and Tier 1 capital for ING Bank N.V. Under IFRS-EU these bonds are classified as liabilities. They are considered capital for regulatory purposes.
48
annual_report
689
149
The accompanying consolidated financial statements include the accounts of the Company and all of its wholly owned subsidiaries. Investments in partially owned entities in which ownership is 50 percent or less are accounted for using the equity method. All material intercompany accounts and transactions have been elimi...
69
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2017
153
DKV Deutsche Krankenversicherung AG, Cologne2 (Chair) ERGO Beratung und Vertrieb AG, Düsseldorf2
12
annual_report
4370
3,394
•Collateral Securing Foreclosed Loans on Real Estate and Other Fixed Assets: When AIG takes collateral in connection with foreclosed loans, AIG generally bases its estimate of fair value on the price that would be received in a current transaction to sell the asset by itself, by reference to observable transactions for...
53
10K
5491
1,987
Frequency/severity methods generally rely on the determination of an ultimate number of claims and an average severity for each claim for each accident year. Multiplying the estimated ultimate number of claims for each accident year by the expected average severity of each claim produces the estimated ultimate loss for...
270
10K
2281
3,444
Aon also uses foreign currency forward contracts to offset foreign exchange risk associated with foreign denominated inter-company notes. During 2003, 2002 and 2001, there were no designated and qualifying hedges of this exposure.
33
10K
BeazleyPLC-AR_2015
918
Meetings with non-executive directors The chairman holds meetings as required with the non-executive directors without the executive directors being present.
20
annual_report
4788
975
We expect the future policy benefit reserves that are based on current best estimate assumptions, and those that represent embedded derivatives recorded at fair value to be the ones most likely to drive variability in earnings from period to period. For the GMDB and GMIB features of our variable annuity contracts, the ...
225
10K
gb_prudential-AR_2015
2,686
UK insurance operations For UK regulated with-profits funds where the Prudential Regulation Authority (PRA) realistic regime is applied, the basis of setting liabilities is such that it would be inappropriate for acquisition costs to be deferred, therefore these costs are expensed as incurred. The majority of the UK sh...
64
annual_report
1924
522
On June 30, 2000, pursuant to Board authorization and in accordance with the terms of the Amended Promissory Note, the Company and Mr. McGinnis entered into a deferred compensation agreement (the "Agreement"). Under the Agreement, 50% of the amount otherwise payable to Mr. McGinnis under the Company's Management Group ...
158
10K
5454
901
These Consolidated Financial Statements include certain amounts based on the Company’s best estimates and judgments. The Company’s most significant estimates relate to estimates and judgments for medical costs payable and revenues, valuation and impairment analysis of goodwill and other intangible assets and estimates ...
99
10K
HannoverRueckSE-AR_2009
991
• The average default rate over the past three years was
11
annual_report
TopdanmarkAS-AR_2016
405
Previous positions held: 1986-1989: Dealer, Danske Bank’s arbitrage, commercial paper and liquidity risk management. 1989-1990: Danske Bank New York Branch, implementing risk management system. 1990-1992: Vice President, Danske Bank, interest rate derivatives trading. 1992-1996: Treasury Manager, FLS Industries A/S. 19...
46
annual_report
4266
633
Our losses, loss adjustment expense reserves and deposit liabilities of $252.1 million on a gross basis and $158.8 million on a net basis are our best estimates as of December 31, 2010. The analysis provided by our internal valuation methods indicated that the expected range for the ultimate liability for our losses an...
84
10K
AvivaPLC-AR_2006
1,356
Long-term savings Aviva has taken the opportunity presented by changes to pension legislation to introduce a new long-term saving arrangement, the Aviva Capital Accumulation Plan (ACAP).
26
annual_report
HannoverRueckSE-AR_2019
3,731
At its meeting on 8 March 2018 the Supervisory Board of Hannover Re appointed PricewaterhouseCoopers GmbH Wirtschaftsprüfungsgesellschaft (PwC GmbH) as the auditor of the consolidated financial statement of Hannover Re as defined by § 318 German Commercial Code (HGB). The expense recognised for the fees paid to PwC Gmb...
79
annual_report
NatixisSA-AR_2009
917
In the debt and fi nancing businesses, teams focused on the project financing and commodity financing lines, where Natixis has recognized local presence. Despite the fi nancial crisis, the project fi nancing team structured eight deals over the year in the natural gas, geothermal, solar and wind power sectors. Two deal...
164
annual_report
2908
627
At December 31, 2003, FSA Holdings held $152.9 million of surplus notes of FSA. During 2004, FSA repaid $44.0 million of those surplus notes. At December 31, 2005, FSA Holdings held $108.9 million of FSA surplus notes. Payments of principal or interest on such notes may be made only with the approval of the Superintend...
102
10K
ScorSE-AR_2013
5,118
After approval of the financial statements and recognition of the existence of distributable funds consisting of the earnings for the fiscal year, less prior losses and plus, if applicable, any profit carried forward, the Shareholders’ Meeting shall distribute them as follows:  All sums transferred to reserves pursuan...
120
annual_report
fr_axa-AR_2003
187
– controls the appointment of the company’s outside auditors and approves audit programs, findings and recommendations, and any actions taken in light of these recommendations. The Group’s Management Board and outside auditors are entitled to refer matters to the Committee concerning any event that exposes the AXA Grou...
52
annual_report
4355
2,204
Our reserves for A&E losses, net of Third-Party Recoverables but prior to NICO recoveries, were $0.8 billion at December 31, 2011. An industry benchmark of reserve adequacy is the “survival ratio”, computed as a company’s reserves divided by its historical average yearly loss payments. This ratio indicates approximatel...
266
10K
5186
1,128
A mortgage loan is considered to be impaired when, based on the current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the mortgage agreement. Valuation allowances on mortgage loans are established based upon inherent losses expect...
320
10K
5751
630
Group Medicare Advantage membership increased 27,500 members, or 5.5%, from 497,800 members as of December 31, 2018 to 525,300 members as of December 31, 2019, primarily due to net membership additions associated with the 2019 AEP for Medicare beneficiaries. For the full year 2020, we anticipate a net membership increa...
60
10K
SwissLifeHoldingAG-AR_2005
1,530
Diluted earnings per share for the profit attributable to equity holders of Swiss Life Holding (in CHF) 24.82 18.27
19
annual_report
HannoverRueckSE-AR_2018
2,286
Firedart Engineering Underwriting Managers (Pty) Ltd., Johannesburg / South Africa 49.00 ZAR 1,225 (620)
14
annual_report
de_allianz-AR_2002
1,105
The volume of the overall portfolio is to a great extent determined by the banks trading business, which involves primarily transaction with very low default probability, i.e. with state and local agencies and financial services providers. Approximately 85 percent of the transactions with public agencies or organizatio...
83
annual_report
1551
432
Interest credited to policyholders totaled $539.6 million in 2000 compared to $526.6 million in 1999 and $562.2 million in 1998. The increase of $13.0 million in 2000 compared to 1999 primarily relates to a $24.1 million increase resulting from a higher average interest credited rate, partially offset by an $11.1 milli...
317
10K
5868
3,115
Aggregate Aggregate net prior accident years reserve development for AFG’s property and casualty insurance segment for the fourth quarter of 2020 and 2019 includes net adverse reserve development of $8 million in the fourth quarter of 2020 and $7 million in the fourth quarter of 2019 related to Neon exited lines discus...
107
10K
4095
1,665
2009 to 2008 Annual Comparison. The total cash value of surrenders increased $53 million, from $802 million in 2008 to $855 million in 2009, reflecting a greater volume of surrenders, primarily in the first half of 2009, including lapses to extended term, of variable life insurance, due primarily to market conditions i...
111
10K
HelvetiaHoldingAG-AR_2014
1,150
Group has an internal auditing department that reports directly to the Audit Committee and the
15
annual_report
SwissReAG-AR_2013
531
Central banks have kept interest rates artificially low for several years. This policy, pursued to stimulate economic growth and lower unemployment, has undoubtedly had some success. But it comes at increasing cost. One of the costs has been financial repression, ie, depriving longterm savers and investors, such as lar...
108
annual_report
4645
826
During the years ended December 31, 2012, 2011 and 2010, there were no recoveries pertaining to reinsurance contracts that were deducted from losses incurred. Prepaid reinsurance premiums related to 31 reinsurers at December 31, 2012 and 18 reinsurers at December 31, 2011, respectively. There were no amounts receivable...
107
10K
2865
678
AmCOMP Incorporated, a Delaware corporation, is a holding company engaged through its wholly-owned subsidiaries, including AmCOMP Preferred and AmCOMP Assurance, in the workers' compensation insurance business. Our long-term source of consolidated earnings is principally the income from our workers' compensation insura...
110
10K
LloydsBankingGroupPLC-AR_2016
5,973
SSGA ASIA PACIFIC TRACKER FUND 84.66% 4 SSGA EUROPE (EX UK) 96.00% 4 SSGA UK EQUITY TRACKER FUND 91.64% 4
20
annual_report
AvivaPLC-AR_2006
1,705
Earnings per share AD & 13 128.7c Basic (pence per share) 87.5p 73.5p 127.4c Diluted (pence per share) 86.6p 72.9p
20
annual_report
3835
1,381
General American and MetLife have historically provided certain administrative services to RGA and RGA Reinsurance. Such services include risk management and corporate travel. The cost of these services for the years ended December 31, 2008, 2007 and 2006 was approximately $1.8 million (through the Divestiture Date), $...
82
10K
LloydsBankingGroupPLC-AR_2017
3,568
The Ethics and Responsible Business Policy and supporting code of responsibility embody the Group’s values and reflect its commitment to operating responsibly and ethically both at a business and an individual level. All colleagues are required to adhere to the code in all aspects of their roles.
47
annual_report
gb_prudential-AR_2016
2,288
— Balanced scorecard of sustainability measures (30 per cent of award).
11
annual_report
4443
1,324
The Company records reserves for product guarantees, which can be either assets or liabilities, for annuity contracts containing guaranteed credited rates. The guarantee is treated as an embedded derivative or a stand-alone derivative (depending on the underlying product) and is reported at fair value.
44
10K
4598
565
Claim reserves supporting our individual disability closed block of business are calculated using assumptions based on actual experience believed to be currently appropriate. Claim reserves are subject to revision as current claim experience emerges and alters our view of future expectations. Claim resolution rates, wh...
290
10K
de_allianz-AR_2013
311
INTERNAL CONTROL SYSTEMS Effective internal control systems for our internal and external financial reporting are essential in order to gain the confidence of the capital market, our customers and the public. Consequently, the Allianz Group has implemented a comprehensive risk management system that involves regular as...
122
annual_report
940
763
The decrease in expenses allowed for a decrease in the expense ratio (as adjusted for the non-recurring charges described above) to 33.3% as compared to 36.0%.
26
10K
AegonNV-AR_2009
3,986
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS OF AEGON N.V. NOTE 40
11
annual_report
4247
2,005
Domestic net operating loss carryforwards of $60 million at December 31, 2010 will expire beginning in 2025. State net operating loss carryforwards of $44 million at December 31, 2010 will expire beginning in 2011. Foreign net operating loss carryforwards of $280 million at December 31, 2010 have an indefinite expirati...
81
10K
2909
5,630
Many mortgage companies require property owners to have insurance from an insurance carrier with a financial strength rating no lower than B+. Allstate New Jersey Insurance Company and Encompass Insurance Company of New Jersey, which write auto and homeowners insurance, are rated A- by A.M. Best. Allstate New Jersey In...
354
10K
de_allianz-AR_2002
1,260
Effect of exchange rate changes on cash and cash equivalents – 109 18
13
annual_report
TrygAS-AR_2011
1,606
Value adjustment for the year at revalued amount in other comprehensive income 0 19 0 19
16
annual_report
CNPAssurancesSA-AR_2000
793
– The duration and level of yield guarantees is limited—through the development of products offering guaranteed yields adjusted at annual intervals—thereby allowing asset managers to reduce the weighting of long-term bonds in the portfolios managed.
35
annual_report
fr_axa-AR_2012
7,156
The total cost is amortized over the vesting period and an estimated pre-vesting lapse rate is applied. On that basis, the expense recognized in profi t or loss for the year ended
32
annual_report
4098
3,435
The Company has not established a valuation allowance against the deferred tax asset of $816 million recognized in connection with unrealized losses at December 31, 2009, other than the $2 million of valuation allowance recognized in connection with certain foreign unrealized losses. A valuation allowance was not consi...
85
10K
2418
851
The major components of net realized/unrealized capital losses on investments are summarized as follows:
14
10K
5452
4,632
The cumulative sum of quarterly basic and diluted net income per share amounts may not equal total basic and diluted net income per share for the year due to differences in weighted average shares and equivalent shares outstanding for each of the periods presented.
44
10K
gb_prudential-AR_2004
862
Mark Wood Business cash LTIP 2001 450 Nil – 31 Dec 03
12
annual_report
ScorSE-AR_2019
5,029
Other commitments given and received 19 6,748 9,333 17,944 - --Hybrid transactions -
13
annual_report
ScorSE-AR_2019
187
• the Group to develop a global culture while keeping local specificities.
12
annual_report
AegonNV-AR_2004
1,486
AEGON The Netherlands has the option not to renew a contract at the end of the contract period, so that the longevity risk lies with the pension fund. Separate investment guaranteed contracts provide a guarantee on the benefits paid. The longevity risk therefore lies with AEGON The Netherlands.
48
annual_report
HelvetiaHoldingAG-AR_2013
745
At Group level, Helvetia was again able to increase business volume by 6.3 % (in original currency, in CHF: 7.1 %) in financial year 2013. The main driver was the home market of Switzerland, which increased by 9.9 % compared to the previous year. But Germany, Austria and France also experienced positive growth rates, w...
62
annual_report
NatixisSA-AR_2014
3,532
In a ruling handed down on March 30, 2010, the US Supreme Court vacated the case before the Court of Appeals for the Seventh Circuit so that the Court could determine whether the decision of the District Court in favor of Harris Associates L.P. should be upheld or overturned.
49
annual_report
4520
606
Share-based compensation cost is measured at the grant date based on the fair value of the liability awards and is recognized as expense ratably over the vesting periods and is included in other insurance expense in the consolidated statements of comprehensive income (loss). The fair value of the liability awards is re...
74
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006
657
The largest contribution of €2.1bn (0.4bn) came from the reinsurance property-casualty segment, where we benefited from our excellent basic business and the near absence of serious natural catastrophes in 2006.
30
annual_report
1720
1,235
Reinsurance recoverables, included in premiums and other receivables, were $3,358 million and $3,410 million at December 31, 2001 and 2000, respectively, including $1,356 million and $1,359 million, respectively, relating to reinsurance of long-term guaranteed interest contracts and structured settlement lump sum contr...
70
10K
TrygAS-AR_2003
1,076
Unquoted shares, fixed-interest loans etc. are measured at a conservatively estimated market value at the end of the year based on the companies’ most recent financial statements available.
28
annual_report
4357
492
As share-based compensation expense recognized in the Consolidated Statements of Income is based on awards ultimately expected to vest, it has been reduced for estimated forfeitures. Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those e...
48
10K
fr_axa-AR_2010
11,046
VIII – Authorizations granted to the Board of Directors to allocate performance shares and subscription or purchase options to employees of the AXA Group
24
annual_report
SwissReAG-AR_2010
1,710
Recent accounting guidance In June 2009, the Financial Accounting Standards Board (“FASB”) issued “Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities (VIEs)” (ASU No. 2009-17), an update to Topic 810 – Consolidation. This ASU requires companies to assess VIEs under a new method ...
67
annual_report
888
880
The Company's fixed income securities portfolio consists of U.S. government bonds, privately-placed securities, publicly traded corporate bonds, mortgage-backed securities, asset-backed securities and tax-exempt municipal bonds. The Company generally holds its fixed income securities for the long term, but has classifi...
95
10K
4888
1,038
We also use a captive reinsurance company to reinsure risks associated with GMWB and GMDB riders which helps us to manage those risks on an economic basis. In an effort to mitigate the equity market risks relative to our RBC ratio, we reinsure these risks to Shades Creek. The purpose of Shades Creek is to reduce the vo...
69
10K
4686
1,628
Our business LLC interest was a non-controlling interest in a startup entity, which produced operating losses in 2012. We dissolved our interest in the entity during 2013.
27
10K
3077
755
The debentures due on August 1, 2011 were issued on August 8, 1991 in the principal amount of $150,000 and bear interest of 9-3/8%, payable on February 1 and August 1 of each year and are non-callable. In July 2001, Ambac extinguished $7,500, thereby reducing the principal amount of the debt to $142,500.
53
10K
5951
667
The Company offers qualified and nonqualified annuity contracts that include a variety of funding and payout options for individuals and employer-sponsored retirement plans qualified under Internal Revenue Code Sections 401, 403, 408, 457 and 501, as well as nonqualified deferred compensation plans and related services...
52
10K
5537
742
Unfavorable asbestosis and environmental ("A&E") claim developments, although not material in any of the periods presented, are typically attributable to A&E claim reserves due to periodic re-evaluations of such reserves as well as subsequent reclassifications of other coverages' reserves, most often workers' compensat...
334
10K
gb_prudential-AR_2008
1,004
Meetings The Committee normally has scheduled meetings at least four times a year and a number of additional meetings, as required, to review remuneration policy and the application of that policy. While the Chairman and Group Chief Executive are not members, they attend meetings unless they have a conflict of interest...
61
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008
3,340
Cycle management Insurance, reinsurance and retrocession markets are subject to global and regional cycles that may have external (interest-rate development, economic development, major losses, etc.) and internal causes (price competition, premium calculation methods, etc.). We manage the cycle by continuously analysin...
63
annual_report
1591
185
The Corporation owns and leases office space in various parts of the country. The principal office buildings consist of facilities owned in Fairfield and Hamilton, Ohio.
26
10K
NatixisSA-AR_2013
8,327
6.5.2 AGENDA AND DRAFT RESOLUTIONS OF THE ORDINARY GENERAL SHAREHOLDERS’ MEETING OF MAY 20, 2014
15
annual_report