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615
571
The title plants and title examination procedures have been automated and computerized to a large extent in many areas. To protect against casualty loss, the Company's offices maintain duplicate files and backups of all title plants.
36
10K
NatwestGroupPLC-AR_2004
1,335
The management of liquidity risk within the Group is undertaken within limits and other policy parameters set by GALCO, who review monthly and receive, on an exception basis, reports detailing compliance with those policy parameters. A weekly report is also provided to the GEMC. Compliance is monitored and co-ordinated...
102
annual_report
5802
1,081
We intend to keep marketing our products to a broad range of business classes with a package approach, while also continuing to improve our pricing precision and further segmenting among commercial lines policies. We intend to maintain our underwriting discipline and carefully manage our rate levels as well as our prog...
166
10K
3688
584
Net realized capital gains and losses on sales of investments are determined on the basis of specific identification. In general, in addition to realized capital gains and losses on investment sales and periodic settlements on derivatives not designated as hedges, gains and losses related to other than temporary impair...
130
10K
LloydsBankingGroupPLC-AR_2017
1,200
They include Nikki Markham of Battling On, who trains armed forces veterans across Cornwall to become mentors and instructors for vulnerable young people from disadvantaged backgrounds and adults with disabilities. Battling On offers nationally recognised vocational training, numeracy and literacy support and work expe...
60
annual_report
4207
1,234
The property and casualty business is cyclical in nature with periods of high competition resulting in low premium rates, sometimes referred to as a “soft market” or “downcycle” followed by periods of reduced competition and higher premium rates, referred to as a “hard market” or “upcycle.” For the past several years, ...
79
10K
5839
1,246
The Company is a national underwriter and therefore has exposure to catastrophic losses in certain coastal states and other regions throughout the U.S. Catastrophes can be caused by various events including hurricanes, windstorms, hail, severe winter weather, wildfires and earthquakes, and the frequency and severity of...
108
10K
2871
926
Accumulated other comprehensive income is comprised of the net effect of unrealized appreciation on our investments. These amounts, included in shareholders' equity as of December 31, 2005 and 2004, were as follows (dollars in millions):
35
10K
5353
1,017
Account balances for fixed annuities and payout contracts without life contingencies are equal to cumulative deposits, less charges and withdrawals, plus credited interest thereon. Credited interest rates vary by product and ranged up to 7.5% for the years 2017, 2016 and 2015. Account balances for group immediate annui...
66
10K
1809
333
Our ratio of current assets to current liabilities (the "current ratio") was 0.78 and 0.94 at December 31, 2001 and 2000, respectively. The decrease in the current ratio in 2001 is primarily attributable to the use of cash and increased debt to fund the higher level of acquisition activity.
49
10K
2803
327
Increased title sales volume led to lower expense ratios in 2005, 2003 and 2002. The increase in the 2004 expense ratio results from the aforementioned final settlement of consumer and regulatory litigation costs affecting Old Republic's California title insurance subsidiary.
40
10K
AvivaPLC-AR_2003
1,404
Restated opening balances – 2,853 1,126 3,979 Transfer from non-technical account – – 387 387 Foreign exchange rate movements – – 329 329 Other movements – (90) 90 –
29
annual_report
2900
649
Odyssey Re Holdings Corp. and its subsidiaries. For a discussion of our significant accounting policies, see Note 3 to the notes to our consolidated financial statements.
26
10K
3878
2,591
While invested assets backing reserves are invested in conventional fixed income securities in AIG Property Casualty Group, a modest portion of surplus is allocated to large capitalization, high-dividend, public equity strategies and to alternative investments, including private equity and hedge funds. Notwithstanding ...
60
10K
4879
1,528
Our consolidated statements of income include the following changes in unrecognized tax benefits:
13
10K
806
207
Income Tax Expense: The Company's effective tax rates for 1996 and 1995 were 20.3% and 20.0%, respectively. The effective rates differed from the 34% statutory rate principally due to investment income earned on tax-exempt securities.
35
10K
4033
741
We regularly evaluate whether events and circumstances have occurred which indicate that the carrying amounts of goodwill, indefinite-lived intangible assets, or other long-lived assets have been impaired. Our indefinite-lived intangible assets consist of trade names associated with acquired businesses. Our other long-...
130
10K
fr_axa-AR_2019
9,200
A notice of meeting must be published in the Bulletin des annonces légales obligatoires (“BALO”), at least 35 days before any Shareholders’ Meeting (or 15 days in certain specific cases), and must indicate, in particular, the agenda and the proposed resolutions.
41
annual_report
4885
1,291
On November 6, 2014, NUAL entered into a credit facility for $8.0 million Australian Dollars with Barclays Bank PLC to fund our participation in Syndicate 1221. The facility is used to fund Australian underwriting obligations for the 2014 and prior UWYs. The facility contains customary covenants for facilities of this ...
136
10K
1174
1,033
On August 26, 1998, HLI completed the purchase of all outstanding shares of PLANCO Financial Services, Inc. (PLANCO) and its affiliate, PLANCO, Incorporated. PLANCO, a primary distributor of HLI's annuity and investment products, is the nation's largest wholesaler of individual annuities and has played a significant ro...
130
10K
5056
2,233
The table below (dollars in millions) details the components of the spreads for AFG’s fixed annuity operations (including fixed-indexed annuities):
20
10K
AdmiralGroupPLC-AR_2014
1,074
@ Received internal presentations on a number of key risk areas including ORSA and capital modelling.
16
annual_report
5942
2,294
The Company’s share-based compensation plans provide awards to employees and non-employee directors and may be in the form of non-qualified stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares, performance units, or other share-based awards. Additionally, employees may ...
127
10K
NatwestGroupPLC-AR_2015
2,462
Helping UK homebuyers: • In 2015 the business made a concerted investment in its mortgage business, increasing mortgage advisors by 21%
21
annual_report
7
4,189
expense of $2.7 million, $2.8 million and $2.8 million reported for the years ended December 31, 1993, 1992 and 1991, respectively. Sublease rental revenue of $209,000, $198,000, $191,000 is reported for the years ended December 31, 1993, 1992 and 1991, respectively.
41
10K
5773
1,308
International, through its operations in Canada, the United Kingdom and the Republic of Ireland, provides property and casualty insurance and risk management services to several customer groups, including, among others, those in the technology, manufacturing and public services industry sectors. International also prov...
98
10K
3500
1,270
The following is a summary of the Company's contractual obligations at December 31, 2007:
14
10K
5256
1,925
The following table presents the effects of derivatives in cash flow hedging relationships on the consolidated statements of operations and comprehensive income (loss) and the consolidated statements of stockholder’s equity:
30
10K
5958
2,325
Incurred claims and claims expense 49 44 42 36 30 20
11
10K
gb_lloyds_banking_grp-AR_2018
1,818
The Committee has also reviewed management’s assessment of the provision required for packaged bank accounts, including estimates made in respect of future complaint volumes and uphold rates.
27
annual_report
GjensidigeForsikringASA-AR_2020
1,127
We work on a number of measures to achieve our goal of becoming a damage-preventing problemsolver that contributes to a safer society. We grant discounts to customers who implement damage prevention measures and to ensure that customers have access to products and services that provide financial security. A safer socie...
83
annual_report
de_allianz-AR_2014
3,302
Société Européenne de Protection et de Services d'Assistance à Domicile S.A., Paris 56.0 Société Foncière Européenne B.V., Amsterdam 100.0 Société Nationale Foncière S.A.L., Beirut 66.0 SOFE One Ltd., Bangkok 100.0 SOFE Two Ltd., Bangkok 100.0 Sofiholding S.A., Brussels 100.0 South City Office Broodthaers SA, Brussels ...
310
annual_report
4225
2,009
AIG's risk management in each business unit begins with senior business leaders and executives. The AIG Group Risk Committee (GRC) is AIG's senior risk management oversight body, comprised of AIG's executive officers.
32
10K
3999
868
A significant amount of judgment is required in performing intangible assets impairment tests. Such tests include periodically determining or reviewing the estimated fair value of CNA Surety’s reporting units. Under the relevant standard, fair value of a reporting unit refers to the price that would be received to sell...
224
10K
2665
5,717
The continued threat of terrorism and ongoing military actions may adversely affect the level of claim losses we incur and the value of our investment portfolio
26
10K
PhoenixGroupHoldingsPLC-AR_2011
2,039
The Group’s financial assets are primarily denominated in the same currencies as its insurance and investment liabilities. Thus the main foreign exchange risk arises from recognised assets and liabilities denominated in currencies other than those in which insurance and investment liabilities are expected to be settled...
56
annual_report
4770
930
Our mortgage insurance provision for losses also improved for 2012 relative to 2011. This decrease was driven primarily by a decline in new default notices, an increase in claim denials and an improvement in the composition of the delinquent loan inventory (mainly associated with a reduction in the adverse impact to re...
89
10K
3930
568
The fair value of options granted during the years ended December 31, 2008 and 2007 was estimated on the date of grant using the following assumptions and the Black-Scholes option pricing model:
32
10K
4630
655
The amortization of the non-compete contract will start at a future date when the related employment agreement is terminated. Assuming that the amortization of the non-complete agreement begins on the first day subsequent to the employment period stated in the current employment agreement, estimated aggregate amortizat...
58
10K
StandardLifeAberdeenPLC-AR_2006
268
Healthcare and general insurance 3 13 16 7 Group corporate centre costs (42) (47) (89) (58)
16
annual_report
BaloiseHoldingLtd-AR_2017
2,476
Share buy-back and cancellation – 1,200,000 – – 1,200,000 – 0.1 the share capital of Bâloise Holding ltd totals cHF 4.88 million and is divided into 48,800,000 registered, fully paid-up registered shares with a par value of cHF 0.10 each (2016: cHF 0.10). as far as individuals, legal entities and partnerships are conce...
99
annual_report
PowszechnyZakladUbezpieczenSA-AR_2014
2,084
Enterprise Foundation) in the form of scholarship for students of science and arts from rural areas and small towns; • Polska Fundacją Dzieci i Młodzieży (Polish Children and
28
annual_report
513
425
YEARS ENDED DECEMBER 31, 1994 1995 ------------------------------------------------------------------ (DOLLARS IN THOUSANDS) Commissions, fronting, and taxes expense $10,378 $11,714 Ceding commission income (7,812) (8,265) Service fee income (400) (309) Change in deferred acquisition costs (423) (1,090) ------- -------...
54
10K
5265
3,218
In addition to the plan assets above, the Company in 2007 established an irrevocable trust, commonly referred to as a “rabbi trust,” for the purpose of holding assets of the Company to be used to satisfy its obligations with respect to certain non-qualified retirement plans ($1,227 million and $1,175 million benefit ob...
203
10K
CNPAssurancesSA-AR_2012
530
client relAtionshiPs, OuR PRIORIty policy information mailing campaigns. also a central component of our quality strategy, satisfaction surveys are organised each year to evaluate a given partner ’s performance in specific areas. For example, a 2012 survey of CNP Trésor clients revealed that 97% of respondents were sat...
80
annual_report
RSAInsuranceGroupPLC-AR_2006
219
Business progress against strategies In 2006 there were floods in Chile, storms in Mexico and increased reinsurance costs in Latin America following hurricanes Emily, Katrina and Wilma. Despite the impact of these events,
33
annual_report
SwissLifeHoldingAG-AR_2017
2,489
To assess the funding situation of the defined benefit plans in total, plan assets as well as insurance contracts not eligible as plan assets under IFRS must be set off against the present value of the defined benefit obligation. The total deficit taking into consideration insurance contracts not eligible as plan asset...
70
annual_report
nl_ing_grp-AR_2011
1,830
Accumulated impairments of EUR 38 million (2010: EUR 71 million) have been recognised.
13
annual_report
StandardLifeAberdeenPLC-AR_2017
1,302
 Appointment of subsidiary board members 72 Standard Life Aberdeen 2017
11
annual_report
NatixisSA-AR_2014
1,650
It has been stipulated that the shares will only be permanently vested at the end of a four-year period and subject to performance and presence conditions. The performance conditions in question were defi ned relative to Natixis’ ROTE (Return on Tangible Equity) targeted in the “New Frontier” strategic plan.
49
annual_report
HiscoxLtd-AR_2007
332
In general, the investment portfolio produces relatively steady cash returns during periods of interest rate stability.Where interest rates are lower for sustained periods, investment income typically reduces, as the proceeds from higher-yielding securities are reinvested in securities offering coupon payments at lower...
84
annual_report
ASRNederlandNV-AR_2014
1,229
The sensitivity of the regulatory solvency ratio to changes in equity prices is monitored on a monthly basis. Option contracts and the tax exemption of the participating interests are taken into account when calculating sensitivities.
35
annual_report
INGGroepNV-AR_2020
1,085
When we look at the overall global make-up of ING we see that collectively we meet the 70 percent across all three dimensions. However, within individual teams and on a country level there are different, often complex challenges in creating the mixed teams we strive for, and we are not always making progress at the spe...
129
annual_report
AvivaPLC-AR_2009
439
Poland (including Lithuania) Business overview and strategy Our operations in Poland and Lithuania provide long-term insurance and savings products. Our businesses have a 4,200­ member direct sales force, with 66 sales offices across the country as at 31 December 2009. Completing the move to a global brand, our Polish ...
64
annual_report
ScorSE-AR_2016
2,034
Historically, reinsurers have experienced significant fluctuations in operating income due to volatile and unpredictable developments, many of which are beyond the control of the reinsurer including general economic conditions, levels of capacity offered by the market, and the level of competition with regards to prici...
95
annual_report
de_allianz-AR_2014
11
Balance sheet as of 31 December thereof: Reserves for insurance thereof: Reserves for loss and loss
16
annual_report
5896
1,192
January 1, 2018 The Company has chosen the modified-retrospective method of adopting Topic 606, and has assessed these contracts and concluded that changes in accounting and revenue recognition upon adoption of Topic 606 were not material to the Company’s financial position as of January 1, 2018, and did not have a mat...
59
10K
4104
404
Overview. Each of our insurance operating units establishes reserves on its balance sheet for unpaid losses and LAE related to its property and casualty insurance and surety contracts. As of any balance sheet date, historically there have been claims that have not yet been reported, and some claims may not be reported ...
108
10K
NNGroupNV-AR_2015
447
Tr an sp arent, fo cused Role of everyonere levant to manage risk Active Risk management
16
annual_report
fr_axa-AR_2009
11,177
Publication by Euronext Paris of the notice relating to the Rights Issue.
12
annual_report
4473
9,400
Annuity funds on deposit increased $412.1 million during the year ended December 31, 2011 compared to an increase of $79.4 million during the year ended December 31, 2010. The higher increase in 2011 was driven by deposits related to the growth in sales of the fixed index annuity product partially offset by lower fund ...
63
10K
4215
625
The decline in Primary insurance in force at December 31, 2010 from December 31, 2009 is consistent with a company in run-off and reflects the lack of production during the previous twelve months as well as the cancellation of insurance coverage resulting primarily from claim settlement and rescission activity. The dec...
97
10K
INGGroepNV-AR_2014
6,125
› actual claims payments significantly exceeding associated insurance reserves, 5) require us, as an issuer of securities, to pay higher interest rates on debt securities that we issue in the financial markets from time to time to finance our operations, which would increase our interest expenses and reduce our results...
73
annual_report
5488
606
The increase in net realized capital gains in 2017 from 2016 primarily reflects a $98.8 million capital loss due to an impairment charge from a write-down of certain SORC assets as of December 31, 2016, as more fully described in the following pages, partially offset by lower net realized capital gains from the sale of...
57
10K
2992
653
In evaluating this information, it should be noted that each amount includes the total of all changes in amounts for prior periods. For example, the amount of redundancy (deficiency) to losses settled in 2002, but incurred in 1999, is included in the cumulative redundancy (deficiency) amounts in 1999, 2000 and 2001. Th...
106
10K
NatixisSA-AR_2020
4,533
The first lockdown led to the closure of bank branches, which weighed on activity levels, particularly in savings. While revenue was affected in the first half, it then returned to a level close to that of 2019 over the rest of the year.
43
annual_report
BeazleyPLC-AR_2020
2,333
Forfeited during the year 60.2 (3.1) 18.9 (3.7) Exercised during the year 84.7 (2.0) 90.5 (2.1) Granted during the year 84.4 4.1 68.0 3.9
24
annual_report
AvivaPLC-AR_2004
1,778
A – Basis of presentation The restated preliminary IFRS opening balance sheet has been prepared in accordance with International Financial Reporting Standards (IFRS) expected to be applicable at 31 December 2005. The Standards themselves are subject to possible amendment by interpretative guidance from the IASB or othe...
67
annual_report
5666
909
Net Income. As discussed in more detail below, our net income increased for 2019 compared to 2018 primarily reflecting: (i) an increase in net premiums earned; (ii) an increase in net gains on investments and other financial instruments; and (iii) an increase in net investment income. Partially offsetting these items a...
60
10K
3131
4,440
Purported clients have also filed civil litigation against Aon and other companies under a variety of laws and legal theories relating to broker compensation practices and other issues under investigation by New York and other states. As previously reported, a putative class action styled Daniel v. Aon (Affinity) has b...
63
10K
HiscoxLtd-AR_2005
934
Historical experience suggests that the larger the portfolio of similar insurance contracts, the smaller the relative variability about the expected outcome will be. Factors that may increase insurance risk include lack of diversification in terms of type and amount of risk, geographical location and type of policyhold...
58
annual_report
4754
676
Management believes that the Company's methods of estimating the liabilities for policy benefits and claims provided appropriate levels of reserves at December 31, 2013 and December 31, 2012. Changes in the Company's reserve estimates are recorded through a charge or credit to its earnings in the period in which they a...
51
10K
NatixisSA-AR_2003
3,352
Incorporation particulars Paris Trade and Companies Register RCS Number: Company legal documents All books and records relating to the Company and, in particular, its bylaws, financial statements and reports presented to Shareholders’ Meetings by the Board of Directors or the Auditors, may be consulted at the corporate...
48
annual_report
AegonNV-AR_2017
2,207
SCR or a short-term financing plan (in the event of a (threatening)
12
annual_report
2733
352
The Company is primarily engaged in traditional individual life, asset-intensive, critical illness and financial reinsurance. RGA and its predecessor, the Reinsurance Division of General American, have been engaged in the business of life reinsurance since 1973. Approximately 71.8% of the Company's 2005 net premiums we...
60
10K
PowszechnyZakladUbezpieczenSA-AR_2014
896
Private expenses on health insurance and prepaid health packages (billion PLN)*
11
annual_report
3700
2,219
The Company accounts for stock options and other equity based compensation using the modified prospective application of the fair value-based method permitted by SFAS No. 123R, “Share-Based Payment” (“SFAS 123R”), which revised SFAS 123 “Accounting for Share-Based Compensation.” The Company adopted SFAS 123R effective ...
52
10K
1161
234
Life insurance companies domiciled in the United States and qualifying as life insurers for tax purposes are taxed under special provisions of the Internal Revenue Code. As a result of legislation, 1983 and prior years' tax deferred earnings (cumulatively $13.3 at December 31, 1999) credited to the former memorandum "p...
82
10K
NatwestGroupPLC-AR_2016
493
For suppliers, our Sustainable Procurement Code sets out the international human rights commitments we expect of the companies that we work with, including labour standards and nondiscrimination.
27
annual_report
HannoverRueckSE-AR_2018
773
• Generate a profit in excess of the cost of capital
11
annual_report
gb_lloyds_banking_grp-AR_2013
5,984
Other Provisions are made for staff and other costs related to Group restructuring initiatives at the point at which the Group becomes irrevocably committed to the expenditure.
27
annual_report
StandardLifeAberdeenPLC-AR_2014
52
2014 wasn’t just a year of corporate activity because it also witnessed some very dramatic changes in the UK savings and pensions market. Years of complex regulations were swept away by the Government and people will shortly have far greater freedom over what they can do with the pension savings they build up over thei...
141
annual_report
5675
614
Net realized and unrealized gains (losses) on investments was $51.1 million, $(13.1) million, and $7.4 million in 2019, 2018, and 2017, respectively; and
23
10K
Sampoplc-AR_2006
974
The pay-as-you-go system related to pension index raises is not treated as an insurance activity under IFRS 4 and does not generate any risk for the insurance company. Thus, the pay-as-yougo contribution collected together with the insurance premium is not deemed to be premium income, and the pension index raise paid o...
122
annual_report
PosteItalianeSpA-AR_2016
2,002
Transfers to profit or loss – – (592) (22) – – (614)
12
annual_report
4935
909
There were no transfers between Level 1, 2 or 3 during the year ended December 31, 2014. During the second quarter of 2013, the Company analyzed its investment portfolio and determined the municipal bonds, which were previously classified as Level 1, should be classified as Level 2 based on the inputs used to measure f...
83
10K
3784
1,102
Reclassifications-Certain items in the prior years’ consolidated financial statements have been reclassified to conform to the current years’ consolidated financial statement presentation. The Company reclassified the results of operations, assets and liabilities of PMI Australia and PMI Asia and the results of operati...
53
10K
NatwestGroupPLC-AR_2011
455
Expenses increased by £97 million, largely driven by adverse foreign exchange movements and headcount growth to service the increased revenue base.
21
annual_report
4609
988
The amortized cost and estimated fair values of the Company’s Investments in Fixed Maturities at December 31, 2012 by contractual maturity were:
22
10K
5037
1,431
during any calendar quarter commencing after the calendar quarter ending on September 30, 2014 (and only during such calendar quarter), if the last reported sale price of the common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on the last trading ...
76
10K
AvivaPLC-AR_2003
175
“There are excellent opportunities to develop our strong positions in Europe and emerging markets through our multi-distribution capability” Philip Scott, group executive director, Aviva life international
26
annual_report
1924
425
As discussed in Note 2 to the financial statements, the Company ceased amortizing goodwill effective January 1, 2002.
18
10K
NatixisSA-AR_2009
7,363
To secure passwords of administrators with extensive clearance, an “electronic safe” software package was ordered in 2009. It shall be deployed in 2010.
23
annual_report
402
205
The lower section of the table shows the cumulative amount paid with respect to the previously recorded liability as of the end of each succeeding year. For example, the 1989 year end liability was originally $8,085,000. As of December 31, 1996, the Company had paid $3,380,000 of the currently estimated $4,031,000 of l...
87
10K
2031
821
You should carefully consider the risks described below regarding us and our common shares. The risks and uncertainties described below are not the only ones we face. There may be additional risks and uncertainties. If any of the following risks actually occur or continue to occur, our business, financial condition or ...
71
10K
ASRNederlandNV-AR_2012
191
The savings portfolio in the Banking business increased by more than 20%, reaching € 808 million. Deposits into lijfrente opbouwrekening accounts by customers who converted their unit-linked policies more than outweighed the outfl ow of regular savings.
37
annual_report
gb_prudential-AR_2010
751
The combination of the long-term business in-force releases depicted in the previous tables, coupled with asset management profits, returns on excess assets together with the impact of future new business, reinforces our confidence that we remain on track to deliver a cumulative net free surplus after new business inve...
58
annual_report
fr_axa-AR_2014
121
Company’s corporate existence will continue, subject to dissolution or prolongation, until December 31, 2059. The
15
annual_report
SwissReAG-AR_2008
234
Corporate sustainability A number of environmental and social issues are endangering or hindering sustainable economic development. We strive to address sustainability challenges that are relevant to our business in three ways: by developing reinsurance solutions for our clients,
38
annual_report
StorebrandASA-AR_2004
1,431
Own shares bought back **) -76.3 -668.1 -744.4 Tax on equity transaction 70.0 *) 278 181 882 shares of nominal value NOK 5.
23
annual_report