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NatixisSA-AR_2009
3,184
Reverse repurchased securities amounted to €59.8 billion as at December 31, 2009, a €5.9 billion increase stemming mainly from transactions with banks. These assets are fi nanced primarily by repurchased securities and recorded under liabilities.
35
annual_report
1086
709
In 1993, the Corporation also adopted a stock option plan (the "Director's Plan") for the benefit of its outside directors. The terms of the plan are similar to those of the employee plan except that options become fully vested at the time of grant. According to the terms of the Director's Plan, the aggregate number of...
65
10K
3760
1,277
As of December 31, 2008, the Company recognized approximately $40.2 in losses related to financial instruments held by the PAF in the Lehman Liquidity Fund in response to the bankruptcy proceedings of Lehman Brothers, Inc. (“Lehman”).
36
10K
5222
713
Basic EPS is computed based upon the weighted-average number of common shares (including participating securities) issued and outstanding during the period. Diluted EPS is computed based upon the weighted-average number of common shares issued and outstanding plus equivalent shares, assuming the exercise of stock optio...
77
10K
fr_axa-AR_2003
2,686
Note to the Consolidated Financial Statements Preliminary warning: in the present notes, “the Company” denotes the holding company, the Group and its entities identified by the name AXA.
28
annual_report
gb_prudential-AR_2015
4,844
Pensions The Company assumes a portion of the pension surplus or deficit of the Group’s main pension scheme, the Prudential Staff Pension Scheme (‘PSPS’). Upon adoption of FRS 101, the Company applies the requirements of IAS 19 ‘Employee Benefit’ (as revised in 2011) for the accounting of its interest in the PSPS surpl...
62
annual_report
2129
2,766
Of the remaining $76.1 million total of net realized gains, we recognized net gains of $37.7 million for the year ended 2003 attributable to the change in the net asset value of seven closed-end preferred stock mutual funds in which we owned 20% or more through the period our ownership remained greater than 20%. During...
203
10K
1321
461
Situated on approximately 137 acres in Branchville, NJ, is our 315,000 square foot facility owned by Wantage Avenue Holding Company, Inc. This office complex and the informations systems office below are used by all segments of the business. All regional, field underwriting, information systems, and subsidiary office l...
74
10K
TrygAS-AR_2006
1,233
Profit for the year 3.211 2.097 total recognised income and expenses 3.231 2.063
13
annual_report
NatixisSA-AR_2014
1,067
(f) Formerly the Appointments and Compensation Committee. (g) Chairman since 02.18.2015.
11
annual_report
3474
456
Income taxes paid do not equal the supplemental disclosures in the Consoldiated Statement of Cash Flows as a result of the excess tax benefits from share-based awards, which are reported as financing cash flows.
34
10K
NatixisSA-AR_2020
10,124
Local adaptations are covered by rules set out in the Global Conduct Policy, which outline: the responsibilities imposed by the Code of Conduct and,V specifically, how conduct must have a bearing on both strategic and operational decisions and on individual behavior; the terms of governance and reporting;V
47
annual_report
4989
2,115
The declaration and payment of common stock dividends is subject to the discretion of our Board of Directors, and will depend on MetLife, Inc.’s financial condition, results of operations, cash requirements, future prospects, regulatory restrictions on the payment of dividends by MetLife, Inc.’s insurance subsidiaries ...
100
10K
4770
923
Provision for Losses. Our mortgage insurance provision for losses decreased significantly in 2013 compared to 2012 and in 2012 compared to 2011. The following table details the financial impact of the significant components of our provision for losses for the periods indicated:
42
10K
gb_prudential-AR_2007
2,422
GMIB benefits are essentially fully reinsured, subject to annual claim limits. As this reinsurance benefit is net settled, it is considered to be a derivative under IAS 39 and is, therefore, recognised at fair value with the change in fair value included as a component of short-term derivative fluctuations.
49
annual_report
HelvetiaHoldingAG-AR_2013
1,305
Reinsurers’ share of acquisition costs 14.5 16.3 73.5 46.0 22.4 24.1 – 63.3 – 35.4 47.1 51.0
17
annual_report
ch_zurich_insurance_group-AR_2012
2,468
Senior and subordinated debt To facilitate the issuance of debt, the Group has in place a Euro Medium Term Note Programme (EMTN Programme) allowing for the issuance of senior and subordinated notes up to a maximum of USD 18 billion. All issuances under this programme are either issued or guaranteed by Zurich Insurance ...
65
annual_report
2743
960
The first priority of our investment strategy is capital preservation, with a secondary focus on maximizing an appropriate risk adjusted return. We presently expect to maintain sufficient liquidity from funds generated from operations to meet our anticipated insurance obligations and operating and capital expenditure n...
196
10K
PosteItalianeSpA-AR_2020
486
The evolution of the workforce in 2020, shown in the table below, reflects a decrease in all organisational areas, with the exception of deliveries, due to both the optimisation of processes and the exits favoured by the so-called “redundancy” legislation Quota 1008. There is a twofold effect on delivery, whereby the e...
62
annual_report
TrygAS-AR_2010
56
Looking further ahead, Tryg’s ambition is to have an expense ratio of 10 in 2020. We intend to achieve this, among other things, through Tryg Transition, a multi-year process and IT efficiency enhancement project. We intend to invest around DKK
40
annual_report
StandardLifeAberdeenPLC-AR_2007
190
Further details on the movements in operating profit by source are provided below along with a segmental analysis.
18
annual_report
5880
584
We generate leads primarily for our subscription business segment through a diverse set of member acquisition channels, which we then convert into members primarily through our contact center, website and other direct-to-consumer activities. These channels primarily include leads from third-parties such as veterinarian...
187
10K
NatwestGroupPLC-AR_2013
863
The Committee has considered reports on data quality, information security and corporate security with a particular focus on cyber security. This continues to be a significant issue for the banking industry as a whole and will remain a priority for the Committee in 2014.
44
annual_report
StorebrandASA-AR_2001
684
Other Certain properties are owned via Norwegian partnerships. These are treated in the accounts in the same manner as other properties and are included under the same items in the accounts.
31
annual_report
2272
1,132
We provide financial products and services through the following segments: U.S. Asset Management and Accumulation, International Asset Management and Accumulation, Life and Health Insurance and Mortgage Banking. In addition, there is a Corporate and Other segment. The segments are managed and reported separately becaus...
60
10K
AvivaPLC-AR_2009
2,009
Distance marketing directive Under the Distance Marketing Directive, EU member states are required to implement a framework of rules and guidance in order to protect consumers by: — Setting minimum standards for information that must be provided to consumers before entering into a financial services contract by ‘distan...
49
annual_report
5555
1,500
The U.S. government-related securities and the other government-related securities had gross unrealized losses greater than twelve months of $41.1 million and $18.6 million as of December 31, 2018, respectively. These declines were related to changes in interest rates.
38
10K
TopdanmarkAS-AR_2014
108
Gross premiums earned 1,027 1,045 4,025 4,116 Technical interest 1 0 7 4 Claims incurred (1,498) (647) (3,522) (2,911) Expenses (156) (152) (618) (608) Net reinsurance 492 (77) 325 (91) Technical result (134) 170 217 510
36
annual_report
Sampoplc-AR_2007
1,235
The provision for claims outstanding is intended to cover expected future payments for all claims incurred, including claims not yet reported to the company (the “ibnr” provision). The provision for claims outstanding includes claim payments plus all costs of claim settlements.
41
annual_report
3268
3,134
Also on December 22, 2006, the Company entered into a Second Amendment to Amended and Restated Revolving and Term Loan Agreement (the "Second Term Amendment") and a Third Amendment to Revolving Loan Agreement (the "Third Revolving Amendment") with a national banking institution, amending the existing Amended and Restat...
245
10K
ScorSE-AR_2020
1,556
In a context marked by a dispute with Covéa (see Section 4.6.25 – Litigation of the 2019 URD) as well as by an activist opposition, the approval rates for the resolutions relating to the total compensation and benefits of the Chairman and Chief Executive Officer were 78.04% for the resolution relating to the previous f...
66
annual_report
gb_lloyds_banking_grp-AR_2013
2,983
The Insurance Division, as a separate regulated entity, has its own Board and governance structure. The Insurance Board, assisted by a Risk Oversight Committee and Audit Committee, approves the governance, risk and control frameworks for insurance and insurance risk appetite, ensuring it aligns with the Group’s framewo...
50
annual_report
HannoverRueckSE-AR_2005
1,935
If you wish to receive any of these versions, please contact our Investor Relations/Public Relations department on: or order at www.hannover-re.com "Media Centre – Publications".
25
annual_report
5602
18,249
The liabilities for GMWB, which are recorded in Policyholder contract deposits, are accounted for as embedded derivatives measured at fair value, with changes in the fair value of the liabilities recorded in Other net realized capital gains (losses). The fair value of these embedded derivatives was a net liability of $...
62
10K
AegonNV-AR_2018
1,603
• Significant fines amounted to EUR 84.8 million; most of this amount was related to our settlement with the SEC over the use of investment models in the US; during the year, there were two other significant fines, both in the US – a civil penalty relating to market conduct and a fine connected with the sale of an out-...
63
annual_report
SwissLifeHoldingAG-AR_2009
870
Board of Directors – Casino de Montreux SA, Montreux, Vice Chairman of the Board of Directors/Chairman of the Audit Committee
20
annual_report
3848
1,336
The weighted average asset allocation by percentage of the Retirement Income Plan at December 31 is as follows:
18
10K
647
232
During the year ended September 30, 1997, IRA, Inc. issued 149,050 shares of Class B treasury stock at $27.04 per share. This provided total proceeds of $4,030,312 of which $28,687 was used to pay stock issuance costs. This increased additional paid-in capital by $3,998,644 and decreased treasury stock by $2,981. Durin...
150
10K
1213
368
The Company had mortgage loans and debt securities that were restructured at below market terms at December 31, 1999 and 1998. The balances of the restructured investments were insignificant. The new terms typically defer a portion of contract interest payments to varying future periods. The accrual of interest is susp...
106
10K
NatixisSA-AR_2003
3,326
Furthermore, for the allocation of purchase options, the purchase price may not be less than 95% of the average purchase price of the shares held by the Company in respect of Articles L225-208 and L225-209 of the French Commercial Code.
40
annual_report
NatwestGroupPLC-AR_2016
3,463
MRM also monitors the performance of RBS’s portfolio of models to ensure that they appropriately capture underlying business rationale.
19
annual_report
HannoverRueckSE-AR_2015
327
Geographical breakdown of gross written premium M 07 in 2015 3.0% Africa 31.3% North America 1.8% Australia 18.3% Rest of Europe 17.4% Asia 12.1% Germany 9.5% United Kingdom 6.6% Latin America
31
annual_report
5400
771
Nodak Insurance is the largest domestic property and casualty insurance company in North Dakota. Nodak Insurance was incorporated on April 15, 1946 under the laws of North Dakota, and benefits from a strong marketing affiliation with the North Dakota Farm Bureau Federation (“NDFB”). Nodak Insurance is a leading writer ...
74
10K
INGGroepNV-AR_2006
834
At the General Meeting of Shareholders on 27 April 2004, Ernst & Young was appointed to audit the fi nancial statements of ING Group for the fi nancial years 2004 to 2007 inclusive, to report about the outcome of these audits to the Executive Board and the Supervisory Board and to give a statement about the truth and f...
95
annual_report
SwissLifeHoldingAG-AR_2011
2,281
Swiss Life International Services AG (formerly Swiss Life (Liechtenstein) Services AG), Schaan Ins. Int. 100.0% 100.0% CHF 100
18
annual_report
gb_lloyds_banking_grp-AR_2018
6,792
Lloyds Bank Hill Samuel Holding Company Ltd 1 Lloyds Bank Insurance Services (Direct) Ltd
14
annual_report
2991
2,067
The total favorable claims liability development experience for 2005 in the amount of $121.4 million represented 24.6% of total claim liabilities established for the SEA Division at December 31, 2004. The favorable claims liability development experience in 2005 reflected a benefit of $33.3 million recorded in the thir...
416
10K
5425
256
For the years ended April 30, 2017 and 2016, the Company did not realize any revenue.
16
10K
4595
1,710
Future minimum rental income on operating leases relating to the Company's real estate properties is expected to be $76 million, $69 million, $59 million, $43 million and $29 million for 2013, 2014, 2015, 2016 and 2017, respectively, and $49 million for 2018 and thereafter.
44
10K
4131
1,348
Net income per common share for the years ended December 31, 2008 and 2007 as presented in the following table has been computed based upon weighted average common shares outstanding (in thousands, except share and per share amounts):
38
10K
2197
1,231
Prior to October 24, 2003, our ownership of Aberdeen common stock included 22% of the company's outstanding common shares that we purchased in between 1996 and 2001 for $109.1 million. As of June 30, 2003, we concluded that our equity investment in Aberdeen, accounted for under the equity method of accounting, was othe...
130
10K
PosteItalianeSpA-AR_2020
2,776
On 7 July 2020, an agreement was reached with the Labour Unions that defined, in line with the previous reorganisation agreements that affected the function, procedures to manage the employment repercussions arising from the implementation of the new organisational model of the Post office network commercial chain. Thi...
118
annual_report
1720
540
Premiums increased by $1,375 million, or 25%, to $6,900 million in 2000 from $5,525 million in 1999. Excluding the impact of the GenAmerica acquisition, premiums increased by $1,297 million, or 23%, to $6,822 million in 2000 from $5,525 million in 1999. Group insurance premiums increased by $953 million, or 19%, to $6,...
147
10K
RaiffeisenBankInternationalAG-AR_2010
3,017
Corporate center hereof nonhereof individual loan loss provision 332,314 346,625 177,951 445,441 196 5,716 hereof portfolio-based loan loss provision 198,742 100,996 8,846 44,646 0 0
25
annual_report
NatixisSA-AR_2004
1,327
Net gains/(losses) on securities held for sale 22 68 73 (21)
11
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2020
592
The information about Munich Re’s business model, required under Sections 289c(1) and 315c(1) of the German Commercial Code, is published in the Group section.
24
annual_report
BaloiseHoldingLtd-AR_2016
800
→ PSUs are a performance instrument, enabling clear differentiation using a performance multiplier of between 0�5 and 1�5 2016 plan (ended) Plan term: 1 March 2013 – 29 February 2016
30
annual_report
HiscoxLtd-AR_2009
884
Details of the payment profile of the Group’s borrowings, derivative instruments and other liabilities is given in notes 20 and 28.
21
annual_report
4761
632
Our externally managed equity portfolios invest in U.S. small-cap equities and international funds. These managers are permitted to manage the portfolios according to their own respective portfolio objectives. In selecting our outside investment managers we confirm that their portfolio objectives, including risk tolera...
72
10K
2035
805
The preparation of financial statements, in conformity with accounting principles generally accepted in the United States of America, requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the fi...
67
10K
gb_lloyds_banking_grp-AR_2017
422
Addressing the issues that matter most This year we asked our stakeholders – including colleagues, customers, investors, community groups, special interest groups and opinion formers – to participate in our materiality survey, to help us shape our reporting.
38
annual_report
NatwestGroupPLC-AR_2016
4,704
Oil & Gas* Exposure to the Oil & Gas sector, split by sub-sector and geography, measured on a Potential Exposure basis, net of provisions and after risk transfer, is summarised below.
31
annual_report
4652
2,034
The table above provides ratings as assigned by nationally recognized rating agencies as of December 31, 2012, including Standard & Poor’s, Moody’s, Fitch and Realpoint.
25
10K
3632
850
Revenue from discontinued operations decreased to $775 million in 2008 from $2.6 billion in 2007 as only one quarter of CICA and Sterling was included in 2008, versus a full year in 2007. After-tax income from discontinued operations increased $639 million to $841 million, driven by:
46
10K
4077
462
One security was from a company that provides custom-tailored financing to private and corporate owners of real estate nationwide and was written down $2.2 million. During the second quarter of 2009, the Company accepted an offer from this company to exchange this security for a security with a longer-dated maturity wi...
70
10K
4419
3,323
the valuation is determined using an income approach. The primary inputs into the valuation represent the forward foreign currency exchange rates, which are generally considered observable inputs and results in the derivative being classified as Level 2.
37
10K
4082
608
For loans that are in delinquency buckets as of November 30, 2009, our model assumes that the proportion of them that will roll to loss in accordance with the roll rate methodology are charged off when they are 180 days delinquent. Thus, currently delinquent loans determine the charge-offs in our model for the six mont...
58
10K
NatixisSA-AR_2019
10,813
In 2019, an awareness campaign as well as specific training dedicated to key staff involved in the change-management process (the Leadership Circles, HR managers, project managers, etc.) were developed. Of note was the Change Leaders program which provides specific training for leaders and the human resources teams tha...
50
annual_report
AegonNV-AR_2014
431
Eastern Europe. Capital contributions of EUR 0.5 billion were paid to Aegon’s operating units, including EUR 0.4 billion to the United Kingdom.
22
annual_report
NatixisSA-AR_2008
1,173
The Net Banking Income of the CIB (excluding operations transferred to Workout Portfolio Management, which is described below) was €2.86 billion in 2008 (2) compared to €2.57 billion
28
annual_report
ScorSE-AR_2016
2,855
For certain investments, in addition to the above impairment guidelines, SCOR takes into consideration other important factors such as: ●● the fact that the asset is specifically excluded from any actively traded portfolio; ●● its ability and intent to continue to hold the investment for a significantly longer period t...
61
annual_report
5375
1,306
Athene USA Corporation, an Iowa corporation and its subsidiaries (Athene USA); and
12
10K
5868
3,572
Basis of Presentation The consolidated financial statements include the accounts of American Financial Group, Inc. and its subsidiaries (“AFG”). Certain reclassifications have been made to prior years to conform to the current year’s presentation. All significant intercompany balances and transactions have been elimina...
88
10K
3815
2,723
Earned premium growth is an objective for Personal Lines, Small Commercial and Middle Market. Earned premium growth is not a specific objective for Specialty Commercial since Specialty Commercial is largely comprised of transactional businesses where premium writings may fluctuate based on the segment’s view of perceiv...
99
10K
StandardLifeAberdeenPLC-AR_2006
690
Supplemental disclosures on cash flow from operating activities Interest received 3,054 2,910 Dividends received 1,452 1,110 Rental income received on investment properties 634 618
24
annual_report
NatwestGroupPLC-AR_2017
6,523
Credit enhancements - techniques that improve the credit standing of financial obligations; generally those issued by a structured entity in a securitisation. External credit enhancements include financial guarantees and letters of credit from third party providers. Internal enhancements include excess spread - the dif...
77
annual_report
3592
2,491
Separate account net investment income, net investment gains and losses, and the related liability changes are offset within the same line item in the consolidated statements of income. There were no gains or losses on transfers of assets from the general account to the separate account.
46
10K
RSAInsuranceGroupPLC-AR_2017
456
We are also positioning the business to reflect the changing risks and trends we see in the market.
18
annual_report
RSAInsuranceGroupPLC-AR_2011
936
The Company operates four employee benefit trusts to hold ordinary shares in RSA which are used to satisfy exercises under the Group’s share incentive schemes and Capita Trustees Limited is the current Trustee of each trust. The Trustee may vote in respect of any shares held in the Trusts but has no obligation to do so...
89
annual_report
NatixisSA-AR_2007
4,575
Principles adopted for measuring c ontributions by Groupe Caisse d’Epargne to Natixis
12
annual_report
fr_axa-AR_2000
4,086
The €1,099 million of 3.75% subordinated convertible debt issued in 2000 and the €1,524 million of 2.5%
17
annual_report
1640
309
We anticipate that funds to meet our short-term and long-term capital expenditures, cash dividends to stockholders and operating cash needs will come from existing capital and internally generated funds. We believe that the current level of cash and available-for-sale and short-term securities, combined with expected n...
132
10K
fr_axa-AR_2009
4,864
These teams are responsible for controlling and managing risks within Group policies and limits, validating investment or underwriting decisions through Local Risk Committees.
23
annual_report
4494
907
For its Agency business, the Personal Insurance segment had approximately 7.7 million and 7.6 million active policies at December 31, 2011 and 2010, respectively. In the Agency Automobile line of business, active policies at December 31, 2011 were level with the same date in 2010. Active policies in the Agency Homeowne...
69
10K
2067
334
AIG, along with most general insurance entities, uses the loss ratio, the expense ratio and the combined ratio as measures of performance. The loss ratio is the sum of losses and loss expenses incurred divided by net premiums earned. The expense ratio is statutory underwriting expenses divided by net premiums written. ...
117
10K
gb_prudential-AR_2016
4,450
Shareholders’ share: Gross of tax surplus (deficit) 76 (24) (92) 29 (11)
12
annual_report
AegonNV-AR_2004
1,528
In June 2004, the UK government announced an increase in the price cap from April 2005 for new stakeholder business to 1.5%
22
annual_report
SwissLifeHoldingAG-AR_2012
1,311
produCt design The targets of risk management are supported by product design principles. Product design defines which guarantees and benefits are built into a specific product to respond to the demand from and expectations of customers. The actuarial bases used for this purpose should ensure that each individual produ...
122
annual_report
3733
878
AIC also provides certain health care and life insurance subsidies for employees hired before January 1, 2003 when they retire ("postretirement benefits"). Qualified employees may become eligible for these benefits if they retire in accordance with AIC's established retirement policy and are continuously insured under ...
132
10K
INGGroepNV-AR_2019
941
As our business grows, we are serving increasingly diverse customers. To understand their needs and give them an unbeatable experience we need a workforce as diverse as they are. Studies show that teams with a healthy mix of contrasting perspectives are more creative, more inventive and adapt faster. At the same time, ...
62
annual_report
4325
1,406
We have sustained our financial stability during difficult market conditions through responsible pricing and loss reserving practices and through conservative investment practices. We are committed to maintaining prudent operating and financial leverage and conservatively investing our assets. We recognize the importan...
66
10K
SwissReAG-AR_2019
4,508
Acquisition costs before impact of retrocession to external parties –4 903 –2 152 –701 –454 –8 210
17
annual_report
NatwestGroupPLC-AR_2009
2,384
Residential mortgages 10,280 — 128 2,837 2,182 15,427 Consumer finance 11,609 25,031 — 5,776 12,127 54,543 Commercial real estate finance — 12,436 — 1,268 26,146 39,850 Leveraged finance — 4,978 993 329 21,434 27,734 Lease finance — 594 — — 1,844 2,438 Project finance — — 425 — 1,818 2,243 Structured finance — — 6,897 ...
79
annual_report
NatwestGroupPLC-AR_2018
414
• Tied #1 for Rates* Service Quality – UK FIs (* Government Bonds and Interest Rate Derivative Investors) (Source: Greenwich Associates, European Fixed Income 2018 – Rates).
27
annual_report
StorebrandASA-AR_2015
1,021
With the exception of derivatives, only a limited proportion of the Storebrand Group's financial instruments fall into this category.
19
annual_report
1446
296
We expect that land sales and land exchange activity in 2001 will be at a similar level to 2000. In particular, there is strong demand from electricity-generating companies that are looking to acquire land to construct power plants where water is available, and there is also the requisite proximity to rail transport an...
73
10K
SwissLifeHoldingAG-AR_2019
488
The information on compensation granted to Corporate Executive Board members also includes the variable compensation, which was determined by the Board of Directors at the beginning of 2020 and is published on an accrual basis as compensation for the 2019 financial year. The members of the Board of Directors are grante...
75
annual_report
5152
1,709
The Supplementary Financial Information required by Item 302 of Regulation S-K is included in Note 18 of the Notes to Consolidated Financial Statements of ProAssurance and its subsidiaries.
28
10K
3257
882
The Company’s principal executive offices are approximately 38,000 square feet in size and are located at 919 Third Avenue, New York, New York 10022. The Company entered into a sublease for approximately 28,000 square feet of this space, which commenced on March 1, 2003 and expires on July 30, 2016. In April 2005, the ...
125
10K
3763
1,981
The Company’s investment management services operations has a substantial asset/liability management portfolio, in which it has issued debt and investment agreements, which are insured by MBIA Corp., to capital markets and municipal investors, and then initially purchased assets that largely matched the duration of tho...
153
10K