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RaiffeisenBankInternationalAG-AR_2010
4,001
deferred tax assets – The amounts of income taxes recoverable in future periods in respect of deductible temporary differences and the carry forward of unused tax losses.
27
annual_report
NatixisSA-AR_2005
813
Raising awareness about global warming Natexis Banques Populaires showed its commitment to sustainable development and the battle against climate change in joining Ademe’s “Planète Gagnante” club. Ademe, the Agence de l’environnement et de la maîtrise de l’énergie, is the French environment and energy management agency...
167
annual_report
BaloiseHoldingLtd-AR_2017
277
Financial instruments with characteristics of liabilities 32,327.1 34,461.6 33,248.4 33,766.5 35,360.1
11
annual_report
2221
606
order, American Vehicle is not allowed to pay dividends for three years without the Florida Department of Financial Services approval and all contracts with affiliates must also be approved by the Florida Department of Financial Services.
36
10K
5792
775
● The utilization of life expectancy reports from Life Expectancy Providers for the pricing of all life insurance policies;
19
10K
3878
4,587
The methodology used for valuing employee stock options is also used to value director stock options. Director stock options vest one year after the grant date, but are otherwise the same as employee stock options. Commencing in 2007, directors no longer receive awards of options. Options with respect to 40,000 shares ...
55
10K
AegonNV-AR_2009
301
Considerable progress has been made toward the objective of managing AEGON as a single, international company: Members of AEGON’s Management Board have been �
24
annual_report
HannoverRueckSE-AR_2017
2,903
Maturities of the technical reserves IFRS 4 “Insurance Contracts” requires information which helps to clarify the amount and timing of cash flows expected from reinsurance contracts. In the following tables we have shown the future maturities of the technical provisions broken down by the expected remaining times to ma...
106
annual_report
1238
505
The Company provides marketing, underwriting, actuarial and certain administrative services to BCBSUW. In addition, BCBSUW provides health insurance to the employees of the Company and provides office space to the Company. These activities are reimbursed at amounts approximating cost, which resulted in allocations to t...
82
10K
RaiffeisenBankInternationalAG-AR_2011
1,715
Currency-based transactions contained an effect due to the application of IAS 29 hyperinflation in Belarus in the amount of € 84,345 thousand.
22
annual_report
CNPAssurancesSA-AR_2015
183
FRENCH SMES WERE SUPPORTED BY CNP ASSURANCES AT THE END OF 2O15 has invested in the health sector to finance the development of medicines or to support SMEs in their growth until they become international mediumsized companies. Together with other large insurers and Bpifrance, CNP Assurances is also a partner of France...
95
annual_report
4472
1,325
Reinsurance ceded arrangements do not discharge the Company as the primary insurer. Ceded balances would represent a liability of the Company in the event the reinsurers were unable to meet their obligations to us under the terms of the reinsurance agreements. The Company continues to monitor the consolidation of reins...
111
10K
PowszechnyZakladUbezpieczenSA-AR_2019
38
This end is served by the innovative and forward-looking solutions that are gradually being implemented and that are based on modern technologies, including artificial intelligence
25
annual_report
TrygAS-AR_2012
875
UDF employees and as part of a regional partnership with local Red
12
annual_report
StorebrandASA-AR_2014
2,537
'permanent differences 6 105 change in tax rules -17 capitalisation/write-down of deferred tax assets 6 -82
16
annual_report
AvivaPLC-AR_2000
927
Charged to corporate costs – – – – 50 – 50 –
12
annual_report
3198
971
Hurricane Katrina losses also included $18 million of assumed losses. The Cincinnati Insurance Company participates in three assumed reinsurance treaties with two reinsurers that spread the risk of very high catastrophe losses among many insurers. The assumed losses from Hurricane Katrina included $16 million under a t...
105
10K
AdmiralGroupPLC-AR_2016
108
Offices across the globe 10 Admiral Group plc · Annual Report and Accounts 2016
14
annual_report
1687
195
The following Selected Consolidated Financial Data, which has been restated to give retroactive effect to the acquisition of AGC on a pooling of interests basis, is presented in accordance with generally accepted accounting principles. This data should be read in conjunction with the supplemental financial statements a...
52
10K
5603
975
Recognition of Premium Revenue and Related Expenses: Premium income for traditional long-duration life and health insurance products is recognized evenly over the contract period and when due from the policyholder. Premiums for short-duration health contracts are recognized as revenue over the contract period in propor...
175
10K
NatwestGroupPLC-AR_2019
2,795
Contingent liabilities and commitments Personal (6,7) 42.1 — 42.1 0.3 — 4.9 — 4.9 — 37.2 0.3 Wholesale 126.8 — 126.8 0.3 0.6 5.9 6.1 12.6 — 114.2 0.3 Total off-balance sheet 168.9 — 168.9 0.6 0.6 10.8 6.1 17.5 — 151.4 0.6 Total exposure 633.3 3.8 629.5 6.0 4.7 212.9 33.4 251.0 4.8 378.5 1.2 *2018 data has been restated...
101
annual_report
2241
1,875
As discussed earlier on page 67, we have wound down our SFP operations and have liquidated its derivative portfolio at December 31, 2003. The derivative portfolio consisted mainly of credit default swaps which had notional amounts outstanding of $835.0 at December 31, 2002.
43
10K
927
230
Carrying amounts of goodwill, VOBA and DAC are regularly reviewed for indications of value impairment, with consideration given to the financial performance of acquired properties, future gross profits of insurance in force and other factors.
35
10K
StandardLifeAberdeenPLC-AR_2016
767
This is the risk that our annuity customers live longer than we expect.
13
annual_report
2176
5,289
The insurance industry is highly competitive. Many of our competitors have well-established national reputations and market similar insurance products. Because of the competitive nature of the insurance industry, including competition for producers such as exclusive and independent agents, there can be no assurance tha...
182
10K
AdmiralGroupPLC-AR_2006
216
Earnings per share (EPS) Earnings per share rose 22% from 32.7p to 39.8p in 2006, broadly in line with the increase in profits.
23
annual_report
AvivaPLC-AR_2019
5,079
• A gain of £36 million relating to negative goodwill on the acquisition of Friends First (see note 3), which was excluded from Group adjusted operating profit for consistency with the treatment of impairment of goodwill.
36
annual_report
SwissReCorporateSolutions-AR_2017
176
Gross premiums earned are allocated by country, based on the underlying contract.
12
annual_report
AvivaPLC-AR_2020
5,152
Businesses which are not in the scope of Solvency II own funds (138) (12) (8) (158)
16
annual_report
RaiffeisenBankInternationalAG-AR_2020
8,141
Amendment to IAS 1 (Classification of Liabilities as Current or Non-current; effective date: 1 January 2022)
16
annual_report
de_allianz-AR_2003
2,988
during 2003 and as of December 31, 2003 Munich Re held 12.2 % of
14
annual_report
5268
2,189
(4) We completed the sale of our lifestyle protection insurance business on December 1, 2015 and recorded an additional loss of $63 million, net of taxes, in the fourth quarter of 2015. The additional loss in the fourth quarter of 2015 was primarily related to the write off of currency translation adjustments on a hold...
81
10K
4500
3,974
The application of U.S. GAAP requires the Company to evaluate the recoverability of deferred tax assets and establish a valuation allowance if necessary to reduce the deferred tax asset to an amount that is more likely than not expected to be realized. Considerable judgment is required in determining whether a valuatio...
202
10K
2895
1,847
Benefits and other changes in policy reserves decreased primarily as a result of a $341 million decrease related to the reinsurance transactions with UFLIC. The decrease was also partially attributable to a $34 million reclassification in variable annuity sales inducements paid to contractholders, which were classified...
157
10K
ScorSE-AR_2009
3,536
The Company is currently re-negotiating this contract and it is specified that the Chairman and Chief Executive Officer will benefit from any policy that may replace the existing policy; and
30
annual_report
BeazleyPLC-AR_2020
1,170
In addition to the formal board evaluation, the board chair met with each individual director during the year to discuss their contribution to the board. The senior independent director met with the chair to discuss his performance.
37
annual_report
HiscoxLtd-AR_2005
1,403
36 Related-party transactions Details of the remuneration of the Group’s key personnel are shown in the Director’s remuneration report on pages 41 to 43. A number of the Group’s key personnel hold insurance contracts and investment management agreements with the Group, all of which are on normal commercial terms.
49
annual_report
HannoverRueckSE-AR_2013
2,140
According to the local accounting practice relevant for supervisory purposes, the company is adequately capitalised. 11 Last annual financial statement compiled as at 31 December 1997 12 Financial year as at 31 March 2013 13 Company was newly established in 2013; an annual financial statement is not yet available 14 Co...
77
annual_report
3073
474
The RINITS™ segment offers a mechanism to securitize insurance and reinsurance risk, involving property, casualty, life and health lines of insurance. This segment as of December 31, 2006 had no revenue. Operating and management expenses spent in the development phase have been $554,574 (2006), $251,113 (2005) and $89,...
49
10K
nl_ing_grp-AR_2018
1,310
 Under NYSE listing standards, shareholders of US companies must be given the opportunity to vote on all equity compensation plans and to approve material revisions to those plans, with limited exceptions set forth in the NYSE rules. The NYSE rules require a shareholder vote on all equity compensation plans applicable...
115
annual_report
fr_axa-AR_2008
2,913
2008 interest rate sensitivities (% of Group EV) for Life & Savings business of 4% to upward 100bps and –8% to downward 100bps (2007: 1% and –3%) start from a significant lower financial market level than in 2007. As a result direct comparisons between 2007 and 2008 sensitivities have little meaning. In most markets, t...
170
annual_report
2964
1,268
Liabilities for both claims incurred but not reported and reported but not yet processed through the Company’s systems are determined in aggregate employing actuarial methods that are commonly used by health insurance actuaries and meet Actuarial Standards of Practice. Actuarial Standards of Practice require that the c...
97
10K
DirectLineInsuranceGroupPLC-AR_2013
2,022
Awards held as at 31 December 2013 (RBS Group shares) Grant date Vesting dates
14
annual_report
HelvetiaHoldingAG-AR_2001
53
Despite the fact that we had steadily reduced our equity quota already before the terror attacks in the US on September 11, we were unable to completely avoid the slump at the international financial markets. Ordinary income saw a slight advance in the last year resulting also in an increased direct return of our capit...
63
annual_report
3577
4,242
Management believes that its unpaid losses and LAE are fairly stated at December 31, 2007. However, estimating the ultimate claims liability is necessarily a complex and judgmental process inasmuch as the amounts are based on management’s informed estimates, assumptions and judgments using data currently available. As ...
132
10K
PhoenixGroupHoldingsPLC-AR_2015
2,496
Less amounts classified as held for sale (note I1.2) (1,587) (1,521) (1,776) (1,713)
13
annual_report
ScorSE-AR_2019
576
On May 24, 2016, SCOR successfully placed a dated subordinated notes issue on the Euro market in the amount of EUR 500 million. On July 28 and August 2, 2016 respectively, SCOR completed the calls of the remaining balance of its EUR 350 million (issued in 2006) and CHF 650 million (issued in 2011) perpetual subordinate...
58
annual_report
4400
805
Approximately 68% of our Modified Pool insurance in force at December 31, 2011 was originated from 2005 through 2007. Given the adverse development of our Modified Pool insurance originated in these years, the majority of these transactions have already reached the stop loss limit on an incurred basis and, as the follo...
156
10K
BaloiseHoldingLtd-AR_2007
1,038
Versicherungen off ers its employees in Switzerlandersicherungen off ers its employees in Switzerland ractive solution within the second pillar of the Swiractive solution within the second pillar of the Sw ecurity system that meets the followincurity system that meets the followi ets the needthe n
45
annual_report
4306
367
Reserves held for product guarantees on variable annuity products, such as guaranteed minimum death benefits, are equal to a benefit ratio multiplied by the cumulative contract charges earned, plus accrued interest less contract benefit payments;
35
10K
ch_zurich_insurance_group-AR_2015
3,258
The shares registered in the share ledger as of December 31, 2015 were owned by 130,151 shareholders of which 124,667 were private individuals holding 29.3% of the shares (or 17.0% of all outstanding shares), 1,970 were foundations and pension funds holding 6.5% of the shares (or 3.8% of all outstanding shares), and 3,...
68
annual_report
AegonNV-AR_2006
886
The offshore contracts are, historically, aimed at the high net worth market giving valuable tax advantages and a wide investment choice.
21
annual_report
LloydsBankingGroupPLC-AR_2004
921
Debt securities and equity shares held for dealing purposes are included at market value. In circumstances where securities are transferred between the dealing and investment portfolios, the transfer is effected at an amount based on the market value at the date of transfer. Any resulting profit or loss is reflected in...
56
annual_report
RSAInsuranceGroupPLC-AR_2019
1,539
50% deferred into a share award for 3 years (malus may apply)
12
annual_report
gb_prudential-AR_2014
436
Elite—Access—helps—customers—prepare— for—any—market—conditions—by—offering: —— A—wide—array—of—traditional—equity—and— fixed-income—investments—that—provide— core—market—exposure; —— Additional—diversification—from— alternative—assets—and—strategies— that—help—customers—modernise— their—portfolio; —— Access—to—experti...
20
annual_report
PhoenixGroupHoldingsPLC-AR_2010
1,231
Audit of the consolidated financial statements 0.7 0.8 The auditing of accounts of associates of the Company pursuant to legislation 3.5 3.5 Other services supplied pursuant to such legislation: Audit related 0.7 0.7 Services as reporting accountants 6.6 0.2
39
annual_report
AssicurazioniGeneraliSpA-AR_2014
4,318
CP INVEST investicní spolecnost, a.s. 275 CZK 91,000,000 G 8 100.00 Ceska pojistovna, a.s. 100.00 76.00
16
annual_report
5553
1,148
The Company self-insures certain risks consisting primarily of professional liability, auto liability, and employee medical, disability, and workers' compensation liability. Insurance coverage is obtained for catastrophic property and casualty exposures, including professional liability on a claims-made basis, and thos...
212
10K
559
473
The Company's property and casualty premium to surplus ratio for the year ended December 31, 1996 was 1.2 to 1, which is within industry guidelines. The FDIC has established certain capital and liquidity standards for its member institutions, and the Company's thrift and loan subsidiary was in compliance with these sta...
92
10K
3674
2,308
declines in value less than six months where there has been a precipitous (generally 50% or greater) decline in value;
20
10K
nl_ing_grp-AR_2012
4,328
IFRS Earnings, AFR & EC: Embedded options in: – guaranteed separate account pension business in the Netherlands.
17
annual_report
5236
2,095
The NAIC has Risk-based capital (RBC) requirements that require insurance companies to calculate and report information under a risk-based formula, which measures statutory capital and surplus needs based upon a regulatory definition of risk relative to the company’s balance sheet and mix of products. As of December 31...
103
10K
5854
1,060
Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents, fixed maturity securities and reinsurance recoverables. The Company places its cash and cash equivalents with high credit quality financial institutions and its fixed maturity s...
92
10K
2834
966
Changes in the fair value of the interest rate swaps were as follows:
13
10K
AssicurazioniGeneraliSpA-AR_2015
3,745
SCI Parcolog Mitry Mory 029 EUR 11,320,950 G 10 100.00 SC Generali Logistique 100.00 98.93
15
annual_report
3727
820
The aggregate carrying value and estimated fair value of publicly traded and privately placed bonds at December 31 were as follows (in thousands):
23
10K
BaloiseHoldingLtd-AR_2004
226
Test in 2004. Unlike the EU’s Solvency 2, the SST has reached the stage where a pilot project involving initial calculations and analyses has already been carried out with selected Swiss insurance companies. The Baloise Insurance Company in particular took an active part, not only contributing to the development of the...
64
annual_report
3021
2,911
The SICO Plans provide that shares of AIG common stock currently held by SICO are set aside for the benefit of the participant and distributed upon retirement. The SICO Board of Directors currently may permit an early payout of shares under certain circumstances. Prior to payout, the participant is not entitled to vote...
71
10K
HelvetiaHoldingAG-AR_2017
2,484
Value of new business in % PVNBP 1.7 % 1.3 %
11
annual_report
GjensidigeForsikringASA-AR_2017
486
We work continuously to increase the proportion of ‘paperless’ customers, meaning customers who choose to receive information from us through digital channels instead of on paper. With the exception of information that is required by law to be distributed on paper, paperless customers receive all documentation and othe...
61
annual_report
BaloiseHoldingLtd-AR_2007
1,097
Th is amount was held back and will be recompensed together with the payments to other employees entitled to a bonus in 2008. Including his basic salary, Dr. Schnewlin’s entitlement for the years 2008 and 2009 amounts to a total of CHF 3.082 million.
44
annual_report
369
201
IDS Life, on behalf of the Account, entered into a joint venture partnership called N/S Associates, which on April 4, 1988
21
10K
4664
644
At December 31, 2012 and 2011, the Company was contingently liable for guarantees of indebtedness owed by affiliates and third parties to banks and others totaling $23.2 million and $24.2 million, respectively. The guarantee arrangements relate to promissory notes and other contracts, and contingently require the Compa...
143
10K
2809
744
Risk in force-As of December 31, 2005, PMI Europe had assumed $2.0 billion of risk on $25.3 billion of mortgages on properties in the United Kingdom, and $0.8 billion of risk on $13.1 billion of mortgages on properties in Germany, Italy, the United States and the Netherlands. As of December 31, 2005, $1.7 billion of PM...
66
10K
de_allianz-AR_2016
595
Excluding losses from natural catastrophes, our accident year loss ratio improved to 68.6 %. This was predominantly due to a combination of lower losses from weather-related events and profitability programs we conducted across the Allianz Group.
36
annual_report
gb_lloyds_banking_grp-AR_2015
3,267
OTHER REQUIRED REPORTING Consistency of other information Companies Act 2006 opinion In our opinion: – the information given in the strategic report and the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and – the information given i...
80
annual_report
gb_prudential-AR_2009
2,240
Notes on the Group financial statements > B: Summary of results > continued i UK insurance operations The UK insurance operations’ exposure to asset-backed securities at 31 December 2009 comprises: Shareholder-backed business (2009: 29% AAA, 24% AA) 2,044 1,075
39
annual_report
RaiffeisenBankInternationalAG-AR_2017
1,715
The bank levies primarily consist of the levies required under the Austrian Stability Act (StabG) amounting to € 56,601 thousand (2016: € 85,440 thousand) as well as bank levies in Poland amounting to € 31,137 thousand (2016: € 34,077 thousand), in Slovakia amounting to € 20,286 thousand (2016: € 19,365 thousand) and i...
76
annual_report
5411
489
The table below sets forth the amounts of the Company's contractual obligations at December 31, 2017.
16
10K
HelvetiaHoldingAG-AR_2006
356
The Board of Directors specifies the necessary regulations governing participation at the Shareholders ’ Meeting and the determination of voting rights. For representatives of executive bodies, independent voting rights and custody proxies (who do not necessarily have to be shareholders themselves), it may stipulate re...
59
annual_report
3072
659
For a discussion of these debt instruments, see “Liquidity and Capital Resources-Borrowing Arrangements” included herein.
15
10K
5717
1,110
If the Company determines that a reinsurance agreement exposes the reinsurer to a reasonable possibility of a significant loss from insurance risk, the ceded unearned premiums and reinsurance balances recoverable on paid and unpaid losses and settlement expenses are reported separately as assets, instead of being nette...
71
10K
2266
361
CompCare is subject to extensive and evolving state and federal regulations relating to the nation’s mental health system as well as changes in Medicaid and Medicare reimbursement that could have an effect on the profitability of our contracts. These regulations range from licensure and compliance with regulations rela...
104
10K
fr_axa-AR_2018
6,913
a) Gross revenues before sales tax 3,394 2,709 3,608 5,287 4,161 b) Pre-tax income from continuing operations, before depreciation, amortization and releases 1,785 1,079 252 3,799 2,610 d) Net aft er-tax income aft er depreciation, amortization and releases 2,392 1,747 432 4,958 307 3 - Per share data (in Euro)
50
annual_report
1991
1,018
A reconciliation of Berkshire’s Consolidated Statements of Earnings for each of the three years ended December 31, 2002 from amounts reported to amounts exclusive of goodwill amortization is shown below. Goodwill amortization for the years ended December 31, 2001 and 2000 includes $78 million, and $65 million, respecti...
65
10K
5710
1,562
(h) Net investment income included in net income (loss) from continuing operations in the consolidated statements of operations from each major category of investments for the years ended December 31, 2019, 2018 and 2017, is as follows:
37
10K
4357
524
The Level 3 category only includes the Company’s investments in student loan ARS because quoted prices were unavailable due to the failure of auctions. Some of the inputs to this model are unobservable in the market and are significant-therefore, the Company utilizes another third party pricing service to assist in the...
148
10K
gb_lloyds_banking_grp-AR_2017
2,745
Other stress testing activity The Group’s stress testing programme also involves undertaking assessment of liquidity scenarios, market risk sensitivities and scenarios, and business specific scenarios (see the primary risk categories on pages 115–156 for further information on risk specific stress testing). If required...
95
annual_report
StandardLifeAberdeenPLC-AR_2010
2,021
Debt securities classified as corporate include securities issued by corporate entities which carry government guarantees. Debt securities classified as other consist primarily of securities issued by supranational institutions.
28
annual_report
PhoenixGroupHoldingsPLC-AR_2020
4,792
The NPI residential property reversions, an interest in customers’ properties which the Group will realise upon their death, are valued using a DCF model based on the Group’s proportion of the current open market value, and discounted for the expected lifetime of the policyholder derived from published mortality tables...
156
annual_report
5148
2,055
Net operating income available to Validus for the year ended December 31, 2015 was $409.7 million compared to $480.8 million for the year ended December 31, 2014, a decrease of $71.0 million, or 14.8%.
34
10K
4699
2,356
The carrying amount of cash and cash equivalents approximates fair value. Fair values for mortgage loans are estimated by discounting the future contractual cash flows using the current rates at which similar loans would be made to borrowers with
39
10K
5695
1,123
subrogation recoveries, see Note 2. Basis of Presentation and Significant Accounting Policies.
12
10K
NatixisSA-AR_2016
2,933
The ALM Committee’s monitoring scope includes the overall interest rate risk, liquidity risk and structural foreign exchange risk.
18
annual_report
3387
1,263
our mortality and morbidity experience on individual and group life insurance, annuity and group disability insurance products, which can fluctuate significantly from period to period;
25
10K
AegonNV-AR_2015
5,068
Investment Management (7IM) for GBP 19 million (EUR 26 million). This transaction has led to a net gain of GBP 7 million
22
annual_report
519
433
Notes receivable consist of loans to officers and other entities (see notes 3 and 14). There are no established trading markets for these loans which management intends to hold to maturity. Generally, fair value is determined by discounting future cash flows using current rates at which similar loans would be made to b...
79
10K
de_allianz-AR_2005
713
AG placed a voluntary tender offer to purchase all RAS ordinary shares and RAS savings shares it did not already own. The offer period began on October 20 and the acceptance period closed on
34
annual_report
nl_ing_grp-AR_2012
681
In 2012, FM withdrew from Mexico but retained its offshore Latin American derivative business in London. It also announced the closure of the international cash equities business outside the Benelux, including the closure (excluding Poland) of the Central and Eastern European business which unfortunately became no long...
94
annual_report
HannoverRueckSE-AR_2010
3,321
A dividend of EUR 253.3 million (previous year: none) was paid in the year under review for the 2009 financial year.
21
annual_report