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SwissReAG-AR_2020
3,897
This category contains several individual large losses on marine, aviation and space lines, including the Costa Concordia event in accident year 2012. From 2017 to 2020 accident years, claims incurred is higher due to natural catastrophes, with the current accident year impacted by COVID-19. Accident year 2019 has incr...
63
annual_report
4922
1,213
Investment income - Pretax investment income rose 4 percent in 2014, primarily due to higher dividend income. Dividend income reflected rising dividend rates and net purchases of equity securities from available funds. Interest income rose modestly, as net purchases of fixed-maturity securities offset the continuing ef...
110
10K
5792
1,195
A summary of our policies organized according to their estimated life expectancy dates, grouped by year, as of the reporting date, is as follows:
24
10K
4962
1,357
During 2014, 2013 and 2012 the Collateralized Reinsurance segment ceded zero, $3.0 million and zero of its premiums to third-party reinsurers, respectively. The Collateralized Reinsurance segment purchases reinsurance in the normal course of its business in order to manage its exposures. The amount and type of reinsura...
131
10K
5652
704
A reconciliation of revenue to adjusted revenue and reconciliation of the reported changes to the constant currency and organic changes for the years ended December 31, 2017 and 2016 is as follows:
32
10K
PhoenixGroupHoldingsPLC-AR_2019
765
RISK APPETITE Risk appetite is used to define the amount of risk that the Group is willing to accept in the pursuit of enhancing customer and shareholder value, and attaining our strategic objectives�
33
annual_report
3782
1,002
Net premiums earned by the Company in the Insurance segment in 2008 increased compared to 2007 and 2006 due to the increase in agriculture premiums written during 2008 as a result of the acquisition of ARMtech at the end of 2007.
41
10K
LloydsBankingGroupPLC-AR_2019
1,097
We seek to support sustainable growth in our targeted segments. We have a conservative and well-balanced credit portfolio, managed through the economic cycle and supported by strong credit portfolio management
30
annual_report
SwissLifeHoldingAG-AR_2013
1,179
financial assets carried at fair value (available for sale) At each balance sheet date, an assessment is made whether there is objective evidence that a financial asset or a group of financial assets is impaired. In the case of an equity instrument classified as available for sale, a significant or prolonged decline in...
156
annual_report
TrygAS-AR_2010
735
Many businesses, in particular financial businesses, have had their access to liquidity significantly impaired during the financial crisis. Tryg is not exposed to the same risk of a lack of liquidity since premiums are due for payment before claims have to be paid out. Most of the payments received are placed in cash a...
71
annual_report
de_allianz-AR_2013
3,043
Allianz Life Insurance Company of New York, New York, NY 100.0 Allianz Life Insurance Company of North America, Minneapolis, MN 100.0 Allianz Life Insurance Japan Ltd., Tokyo 100.0 Allianz Life Insurance Lanka Ltd., Colombo 100.0 Allianz Life Insurance Malaysia Berhad p.l.c., Kuala Lumpur 100.0 Allianz Life Luxembourg ...
452
annual_report
StandardLifeAberdeenPLC-AR_2020
125
Our business model helps us to deliver strategic success and stakeholder value
12
annual_report
nl_ing_grp-AR_2014
2,988
Changes in the composition of the group and other changes –71,081 –41,239 –40,291 –54,915 –180 –4,770 –111,552 –100,924
18
annual_report
NatwestGroupPLC-AR_2013
841
The Group Audit Committee approves the terms of engagement of the External Auditor and also fixes their remuneration as authorised by shareholders at the Annual General Meeting.
27
annual_report
SwissReAG-AR_1975
37
Marcel Odier Coicgny, Partner in Lombard, Odier & Cie., Bankers, Geneva 1976
12
annual_report
3874
2,163
At December 31, 2008, the Company held delinquent mortgage loans on two properties with a carrying value of $32 which were deemed impaired and accordingly, a valuation allowance of $13 was established. At December 31, 2007, the Company held no impaired, restructured, delinquent or in-process-of-foreclosure mortgage loa...
53
10K
fr_axa-AR_2011
7,852
Other debt owed to credit institutions held as trading - -
11
annual_report
NatixisSA-AR_2008
4,976
The consolidated fi nancial statements are based on the individual fi nancial statements as at December 31, 2008 of the entities included in Natixis’ scope of consolidation.
27
annual_report
4759
904
The chart below reflects the maturity distribution of IHC’s contractual obligations at December 31, 2013 (in thousands):
17
10K
4284
486
The property and casualty industry has experienced significant loss from claims related to asbestos, environmental remediation, product liability, mold and other mass torts. Asbestos reserves are $1.5 million, and environmental reserves are $8.8 million, for a total of $10.3 million, or 1.2% of net losses and loss expe...
93
10K
StorebrandASA-AR_2009
1,003
the need for private savings. The group’s approximately 16,000 new corporate customers and their approximately 200,000 employees will be important for the retail market in the years ahead. The new customers will be offered good solutions for private insurance and private supplementary saving. The pensions reform that w...
66
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007
3,192
Sopockie Towarzystwo Ubezpieczeniowe Ergo Hestia Spolka Akcyjna, Sopot 94.69 % 213,589 26,966
12
annual_report
556
332
CORE is a national provider of managed disability and health care benefits management services. The Company was incorporated in 1984 under the name Peer Review Analysis, Inc. ("PRA") to provide physician-intensive utilization management services to commercial insurance companies and self-insured employers. PRA became a...
190
10K
5849
849
For the year ended December 31, 2020, we had a net decrease in cash of $1.6 million compared to net increase of $16.9 million for the year ended December 31, 2019. Cash from operating activities increased by $8.1 million, mainly due to higher premium volume, partially offset by higher claim benefits and general operati...
94
10K
4198
713
The following table shows the development of our reserves for unpaid losses and LAE on a GAAP basis for each of the years ended December 31, from 2000 to 2010. The line in the table titled “Net liability for loss and LAE,” shows the initial reserves at the balance sheet date, including losses and LAE incurred but not r...
307
10K
2162
441
The principal agency through which we write medical professional liability insurance is SCW Agency Group, Inc. and its wholly owned subsidiaries. SCW is 91.1% owned by William B. Cheeseman, one of our directors and our former president and chief executive officer. Bridget Cheeseman, Mr. Cheeseman’s adult daughter, is a...
141
10K
5111
848
In February 2015, the Financial Accounting Standards Board (FASB) issued guidance that amends existing consolidation guidance. The new guidance modifies the consolidation framework for certain investment entities and all limited partnerships. It also eliminates certain criteria used to determine whether fees paid to a ...
97
10K
NatwestGroupPLC-AR_2008
2,708
The Group recognised goodwill of £23.3 billion (€33.5 billion) following the preliminary allocation of fair values since acquiring ABN AMRO on 17 October 2007. On final allocation of fair values, goodwill of £23.9 billion (€34.2 billion) was recognised (see Note 34), of which £17.6 billion (€25.3 billion) was attributa...
157
annual_report
3927
1,102
Cash equivalents include pooled short-term money market funds and certificates of deposit with an original maturity of three months or less.
21
10K
5488
607
The decrease in OTTI losses in 2017 from 2016 reflects decreases in OTTI losses related to debt securities.
18
10K
HiscoxLtd-AR_2017
1,779
The average life expectancy in years of a pensioner retiring at 60, 15 years after the balance sheet date, is as follows: 2017 years 2016 years
26
annual_report
4282
1,617
The compensation cost for the ESPP is measured as the sum of the value of the 15% discount and the value of the embedded six-month option. The value of the discount is equal to 15% of the fair market value of the purchase price of the common stock. The value of the embedded option is calculated using the Black-Scholes ...
114
10K
NatixisSA-AR_2019
5,004
Remeasurement of equity instruments at fair value through other comprehensive income
11
annual_report
2197
1,299
Affiliate equity securities decreased $87.2 million, or 65%, in 2003 compared to 2002, primarily due to an $89.1 million pre-tax, non-cash charge related to the other-than-temporary impairment of our equity investment in Aberdeen taken in the second quarter of 2003. See Note 5 to our consolidated financial statements i...
55
10K
INGGroepNV-AR_2005
918
Fair value option As an alternative to hedge accounting under IFRS-EU, financial assets and liabilities may be designated at fair value through profit and loss, which implies that these are presented at fair value, with all changes in fair value recognised directly in the profit and loss account. Furthermore, the fair ...
65
annual_report
ASRNederlandNV-AR_2013
1,377
Proceeds (loss) from sales of investments 51 14 Technical result 314 195
12
annual_report
5714
1,948
Basic earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding for the period. Restricted shares (including our performance units) are not included in basic earnings per share until vested. Diluted earnings per share reflect the potential dilution that cou...
139
10K
3922
543
Net Realized Losses. Net realized losses for the year ended December 31, 2008 totaled $13.9 million, compared to $0.1 million, in 2007. The increase in realized losses were primarily the result of $13.4 million of other-than-temporary-impairments (“OTTI”) charges recorded in connection with investments in government-sp...
90
10K
NatixisSA-AR_2017
6,236
FINANCIAL DATA Consolidated financial statements and notes 305Natixis Registration Document 2017
11
annual_report
NatixisSA-AR_2016
2,487
In terms of IT Systems Security (ITSS), the function’s main roles control plan has two parts, one shared with Groupe BPCE and are to define and monitor security standards. The second-level the first-level controls reported by the contributors (Information another specific to Natixis. The controls are carried out based ...
53
annual_report
NatixisSA-AR_2008
6,144
Average number of shares used to calculate diluted earnings/(loss) per share 1,791,784,463 1,224,841,727
13
annual_report
3928
1,698
Certain funds may be allowed to invest a portion of their assets in illiquid securities, such as private equity and convertible debt. In such cases, a common mechanism used is a side-pocket, whereby the illiquid security is assigned to a separate memorandum capital account or designated account. Typically, the investor...
125
10K
NatixisSA-AR_2007
1,894
With €17 billion assets under management at end of 2007 and over 500 employees, Natixis’ private banking business holds a position of choice both in France with Banque Privée
29
annual_report
1765
738
All of the outstanding common stock of GE Financial Assurance Holdings, Inc., ("GE Financial Assurance") is owned by General Electric Capital Corporation ("GE Capital"), a wholly-owned subsidiary of General Electric Capital Services, Inc., which in turn is wholly-owned, directly or indirectly, by General Electric Compa...
45
10K
NatwestGroupPLC-AR_2018
1,831
Vulnerability-based stress testing begins with the analysis of a portfolio and expresses its key vulnerabilities in terms of plausible, vulnerability scenarios under which the portfolio would suffer material losses. These scenarios can be historical, macroeconomic or forwardlooking /hypothetical. Vulnerability-based st...
64
annual_report
TrygAS-AR_2006
251
Developments in the welfare systems of the Nordic countries have contributed to an increasing number of people wanting private insurance schemes that cover health care, unemployment and other events that may have an impact on welfare. Being a provider of peace of mind, TrygVesta wishes to play a pro-active role in meet...
130
annual_report
INGGroepNV-AR_2005
1,178
The allowance for uncollectible finance lease receivables included in the provision for loan losses amounted to EUR 45 million at 31 December 2005 (2004: EUR 116 million).
27
annual_report
3220
1,180
Our primary investments are in fixed maturity securities, including corporate and government bonds, asset and mortgage-backed securities. All of our fixed maturity and preferred stock are classified as available-for-sale as defined in SFAS No. 115, "Accounting for Certain Investments in Debt and Equity Securities". Ava...
114
10K
5933
1,267
The following table summarizes the valuation techniques and significant unobservable inputs utilized in determining fair values for the Company's investments that are categorized as Level 3 at December 31, 2020:
30
10K
HannoverRueckSE-AR_2012
234
Japan enjoyed a sizeable boost in economic output at the beginning of 2012, only to be followed by a decline as the year progressed. With the strained state of the US economy easing only slowly, and given the crisis in the Eurozone as well as the cooldown in China’s economy, Japan’s foreign trade was significantly impa...
65
annual_report
gb_prudential-AR_2017
4,263
Maintenance and, for some classes of business, termination expense assumptions are expressed as per policy amounts. They are set based on the expenses incurred during the year, including an allowance for ongoing investment expenditure and allocated between entities and product groups in accordance with the operation’s ...
68
annual_report
4751
1,097
For the year ended December 31, 2013, we have direct premiums written of $3.5 million compared to direct premiums written of $0 for the years ended December 31, 2012 and 2011. We commenced writing MI in April 2013 through NMIC. The primary driver of the increase in premiums written was the pool agreement with Fannie Ma...
124
10K
PosteItalianeSpA-AR_2020
5,660
The decrease in the item Net advances, compared to 31 December 2019, is mainly due to the advance payment, made in the last working days of December, of the January pension accrual due to the provisions of the Ordinance of the Head of the Civil Protection Department no. 680 of 10 December 2020 in order to comply with t...
67
annual_report
StandardLifeAberdeenPLC-AR_2019
2,278
4. We have nothing to report on going concern The Directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or the Group or to cease their operations and as they have concluded that the Company’s and the Group’s financial position means that this is reali...
99
annual_report
2796
7,467
Interest Rate Swap Agreements. We use interest rate swap agreements to hedge the risk of paying a higher fixed rate of interest on junior subordinated debentures issued to affiliated trusts and on senior debt than would be paid on long-term debt based on current interest rates in the marketplace. We are required to pay...
141
10K
4961
889
Employees of the Company may participate in the National Interstate Savings and Profit Sharing Plan (the “Savings Plan”). Contributions to the profit sharing portion of the Savings Plan are made at the discretion of the Company and are based on a percentage of employees’ earnings after their eligibility date. Company c...
84
10K
4187
1,038
We refer to the corporate reorganization, the reinsurance transactions, the concurrent transactions and the private sale described below collectively as the “Transactions.” We believe the Transactions gave us the opportunity to fold our years of experience, expertise and innovation into an organization with a more stre...
48
10K
859
277
In 1997, the Company was allocated their share of the pension liability associated with their employees. The Company's employees are covered by the employee retirement plan of an affiliate, Equitable Life. The benefits are based on years of service and the employee's average annual compensation during the last five yea...
86
10K
fr_axa-AR_2019
4,162
In order to raise capital to fund future growth or for solvency purposes, we may, in the future, off er rights, warrants or similar securities at prices below the then-current market price which may adversely aff ect the market price of our ordinary shares and dilute the positions of existing shareholders.
51
annual_report
HannoverRueckSE-AR_2014
2,938
Hannover Re holds derivative financial instruments to hedge interest rate risks from loans connected with the financing of real estate; these gave rise to recognition of other liabilities in an amount of EUR 4.0 million (EUR 1.4 million) and other financial assets at fair value through profit or loss in an amount of EU...
57
annual_report
fr_axa-AR_2019
4,734
(excluding assets backing separate-account products where the financial risk is borne by policyholders) as well as by banks and holding companies; ■ receivables from reinsurers resulting from reinsurance ceded by the AXA Group; and
34
annual_report
4875
839
We underwrite reinsurance contracts on a selective and opportunistic basis as opportunities arise based on our goal of achieving favorable long-term returns on equity for our shareholders. Our goal is to achieve long-term growth in book value per share by writing business that generates attractive underwriting profits ...
169
10K
5773
1,827
upon the Company attaining the relevant performance period minimum threshold return on equity and the recipient meeting certain years of service criteria, generally three years for full vesting, subject to proration for certain termination conditions. If the performance period return on equity is below the minimum thre...
89
10K
5879
1,955
As mentioned above, there can be a considerable time lag from the time a claim is reported to a ceding company to the time it is reported to the reinsurer. The lag can be several years in some cases and may be attributed to a number of reasons; including the time it takes to investigate a claim, delays associated with ...
184
10K
gb_prudential-AR_2015
2,726
The primary areas of the Group’s continuing operations where derivative instruments are held are the UK with-profits funds and annuity business, and Jackson.
23
annual_report
2871
560
The benefits we have experienced since August 31, 2003 have generally been consistent with the revised assumptions resulting from the actuarial studies completed in 2003. However, as described below, estimating benefits on long-term care products involves significant judgment and our prior estimates have not always bee...
47
10K
3922
835
Unpaid loss and loss adjustment expense represents an estimate of the ultimate net cost of all unpaid losses incurred through the specified period. Loss adjustment expenses are estimates of unpaid expenses to be incurred in settlement of the claims included in the liability for unpaid losses. These liabilities, which a...
63
10K
AssicurazioniGeneraliSpA-AR_2016
2,417
Gross book value as at 31 December previous year 14,366 14,875
11
annual_report
ch_zurich_insurance_group-AR_2014
1,730
Less: impairment allowance Impairment allowances on individually assessed financial assets – 726 19 89 835 Impairment allowances on collectively assessed financial assets – 61 – 208 269 1 USD 158 million past due but not impaired and USD 1.4 billion impaired mortgage loans relate to the run-off property loans at Dunbar...
53
annual_report
NatwestGroupPLC-AR_2006
1,431
Executive directors are eligible to receive a choice of various employee benefits or a cash equivalent, on a similar basis to other employees. In addition, as employees, executive directors are eligible also to participate in Sharesave, Buy As You Earn and the Profit Sharing scheme, which currently pays up to 10 per ce...
82
annual_report
5920
1,844
Following the completion of the Atrium Exchange Transaction on January 1, 2021, as described in Note 5 - "Divestitures, Held-for-Sale Businesses and Discontinued Operations," we will deconsolidate the RNCI relating to Northshore in the first quarter of 2021, and thereafter the remaining RNCI will be for StarStone Inter...
48
10K
4965
498
The $19,524,864 increase in mortgage loans for the year ended December 31, 2014 is primarily due to the origination of $26,905,225 of mortgage loans, $218,504 of realized gains on prepayment of mortgage loans purchased at a discount, $97,500 of capitalization of loan origination fees and discount accretion of $119,128 ...
70
10K
4553
453
Losses and loss adjustment expenses incurred in 2011 increased $1,382 million (13.0%) as compared to 2010, increasing at a greater rate than premiums earned. As a result, the loss ratio increased from 74.4% in 2010 to 78.2% in 2011. The increase in the loss ratio in 2011 was primarily due to higher average injury and p...
61
10K
4438
1,496
During 2009, we repaid the $40.6 million outstanding balance on our mortgage note.
13
10K
3159
547
We hold our equity and debt securities as available for sale, and as such, these securities are recorded at fair value based on quoted market prices or dealer quotes. We continually monitor the difference between cost and the estimated fair value of our investments, which involves uncertainty as to whether declines in ...
122
10K
NatwestGroupPLC-AR_2010
2,368
Central and local government 1,671 — — — — — — — Finance - banks 1,003 1 1 0.1 100 0.1 (8) 11 - other 7,651 562 193 7.3 34 2.5 7 88 Residential mortgages 6,142 277 184 4.5 66 3.0 436 426 Personal lending 3,891 413 349 10.6 85 9.0 213 306 Property 47,651 16,297 5,918 34.2 36 12.4 3,943 911 Construction 3,352 1,854 653 5...
195
annual_report
AvivaPLC-AR_2018
2,638
Strategic report Governance IFRS financial statements Other information 17 – Goodwill continued The present value of expected profits arising from future new business may be included within the shareholder value and is calculated on an adjusted Solvency II basis, using profit projections based on the most recent three ...
93
annual_report
StandardLifeAberdeenPLC-AR_2017
3,919
There were no transfers between levels 1 and 2 during the year (2016: none). Refer to 41(d)(iii) for details of movements in level 3.
24
annual_report
5089
1,790
On October 29, 2015 the Company completed the transaction to acquire the remaining percentage of Miller do Brasil, bringing its ownership to 100%. The Company paid initial cash consideration on closing and deferred consideration is due after 18 months.
39
10K
PosteItalianeSpA-AR_2015
1,966
 On 6 August 2015, the plan whereby Poste Energia SpA would be merged with and into Europa Gestioni
19
annual_report
4334
643
(4)-The discount rate on insured derivative installment revenue and impairments was 5.0% as of December 31, 2011 and 2010.
19
10K
2490
4,142
For 2003, 2004 and thus far in 2005, the Company has chosen not to purchase corporate retrocessional protection and to generally de-emphasize the purchase of specific reinsurance by its underwriters, reflecting the Company’s view that its exposures, in the context of its capital and financial position and current marke...
80
10K
AvivaPLC-AR_2014
3,893
(b) Collateral In the tables above, the amounts of assets or liabilities presented in the consolidated statement of financial position are offset first by financial instruments that have the right of offset under master netting or similar arrangements with any remaining amount reduced by the amount of cash and securiti...
178
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014
2,186
Total weather risks Fair values –40 – – – – – –40 –
13
annual_report
2583
811
CONSOLIDATED BALANCE SHEET (Continued) December 31, 2004 and 2003 (Dollars in millions)
12
10K
NatixisSA-AR_2006
7,295
20.9. Signifi cant change in the issuer’s fi nancial position 181 21. Additional information 21.2. Memorandum and articles of association 383 - 387 23. Third party information and statement by experts and declarations of any interest N.A.
37
annual_report
4494
2,290
17. CONSOLIDATING FINANCIAL STATEMENTS OF THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES (Continued)
12
10K
2317
769
Net investment income for 2002 was $107.1 million, a $10.0 million or 10.3% increase compared to $97.1 million in 2001. This increase was a result of continued growth in invested assets, primarily due to positive operating cash flows during 2002 and the allocation of interest income from net financing activities. This ...
63
10K
4057
5,459
The PMA Insurance Group’s operations are concentrated in twelve contiguous states in the eastern part of the U.S. The economic trends in these individual states may not be independent of one another. Also, The PMA Insurance Group’s products are highly regulated by each of these states. For most of The PMA Insurance Gro...
151
10K
5063
2,155
VIM manages, co-manages, and distributes certain investment products for various affiliates. For the years ended December 31, 2015, 2014 and 2013, revenue earned under these agreements was $4.3, $22.7, and $25.7 respectively.
32
10K
SwissReAG-AR_2011
548
Germany 2007– 2011 Slovakia 2007– 2011 Hong Kong 1994 – 2011 South Africa 2010 – 2011
16
annual_report
SwissReAG-AR_2020
1,737
Risk developments Credit risk decreases mainly due to the sale of ReAssure Group Plc and the increase in credit hedges.
20
annual_report
de_allianz-AR_2010
2,246
Intangible assets with indefinite useful lives are not subject to amortization and are subsequently recorded at cost less accumulated impairments. Intangible assets with finite useful lives are amortized over their useful lives and are subsequently recorded at cost less accumulated amortization and impairments.
43
annual_report
NatixisSA-AR_2019
4,907
Breakdown of tax on unrealized or deferred gains or losses 31/12/2019 31/12/2018
12
annual_report
NatixisSA-AR_2011
465
The group brought in €1.4 billion in public-private partnership projects, thereby reinforcing its leadership in this sector.
17
annual_report
AvivaPLC-AR_2020
1,748
• Incentive elements are closely aligned to our strategic goals, transparent and robustly assessed, with the Committee having full discretion to adjust outcomes to ensure they align with overall Aviva performance
31
annual_report
NatwestGroupPLC-AR_2012
3,855
At 31 December 2010 Fall in nominal swap yields of 0.25% at all durations with no change in credit spreads or real swap yields 67 193 (126) Fall in real swap yields of 0.25% at all durations with no change in credit spreads or nominal swap yields 355 799 (444) Fall in credit spreads of 0.25% at all durations with no ch...
80
annual_report
5900
1,792
The Colonial Life segment includes insurance for accident, sickness, and disability products, which includes our dental and vision products, life products, and cancer and critical illness products marketed to employees, on both a group and an individual basis, at the workplace through an independent contractor agency s...
50
10K
NatixisSA-AR_2006
4,598
Loans are measured at their face value. Undrawn amounts on loans already committed and agreed are recognized as off-balance sheet items under the heading “fi nancing commitments”.
27
annual_report
388
602
The Company adopted Statement 115 on January 1, 1994, the effect of which increased its unrealized gains by $494,541. In November, 1995, the FASB issued a Special Report titled "A Guide to Implementation of Statement 115 on Accounting for Certain Investments in Debt and Equity Securities", which report allows enterpris...
255
10K