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2449
2,164
Property and casualty insurance . . . . . . 41,737
11
10K
3474
768
In 2007 and 2006, the Company recognized pre-tax compensation cost of $160,000 and $571,000, respectively, related to share-based payment arrangements. Such costs are included in the accompanying Consolidated Statements of Income as either underwriting expense or loss adjustment expense. As of December 31, 2007, the Co...
72
10K
1557
665
Cash generated by the Company's insurance subsidiaries is made available to SWL Holdings principally through periodic payments of principal and interest on surplus debentures issued by PLAIC, Constitution (sold July 30, 1999) and Pioneer Security (sold February 4, 2000) (collectively, the "Surplus Note Companies"). The...
232
10K
5839
829
•developing a range of reserves based on actuarial methodologies and assumptions in order to evaluate the Company’s consolidated reserves
19
10K
424
751
Subsequently, the Company advanced $2.8 million to the Buyer ($2.1 million in 1996 and $.7 million in 1995) for operating expenses, which obligation is documented at December 31, 1996, by a note of $215,000, receivables of $2.1 million and interest receivable of $.5 million. The note for $215,000 bears interest at a ra...
76
10K
INGGroepNV-AR_2008
60
In January 2009, Michel Tilmant stepped down from his position as CEO of ING. We want to use this opportunity to thank Michel for his hard work over the last five years. Michel has given a lot to ING as CEO, transforming ING into a more focused organisation.
48
annual_report
358
260
The face amount of new life insurance sold directly by agents in 1996 increased 2.9% to $1.9 billion from $1.8 billion in 1995. The face amount of new universal life insurance sold decreased 32.6% to $410.6 million from $609.7 million. Universal life account balances increased 8.3% at year-end 1996 from year-end 1995. ...
89
10K
LloydsBankingGroupPLC-AR_2005
1,683
Other: Other items serving as direct credit substitutes 550 345 Performance bonds and other transaction-related contingencies 1,737 1,324
18
annual_report
LloydsBankingGroupPLC-AR_2014
2,759
Key: Profit before tax: >£500m l £250m to £500m l £50m to <£250m l <£50m l
16
annual_report
4309
1,187
The amortized cost and fair value of the Company's investments classified as available-for-sale as of December 31, are as follows:
20
10K
4631
11,510
· Sirius International paid $169 million to an intermediate holding company of Sirius Group for a portion of Sirius America.
20
10K
4054
1,530
Other underwriting expenses includes a guaranty fund assessment of $1.2 million offset by $1.2 million in recoveries in 2009, recoveries of $2.7 million in 2008 related to previous assessments and charges of $3.5 million (net of $0.7 million in recoveries) related to an assessment levied in 2007.
47
10K
de_allianz-AR_2011
911
1 | Figures based on the number of employees in allianz’s core business; all companies in and related to the insurance and asset Management business including our banking activities in Germany, France, italy and Central and eastern europe. excluded are fully consolidated companies which are considered as pure financial...
57
annual_report
NatixisSA-AR_2009
7,166
As required by Article L.225-40 of the French Commercial Code , we have been advised of those agreements and commitments which were subject to prior authorization by the Supervisory Board (until April 30, 2009) or the Board of Directors (from April 30, 2009).
43
annual_report
gb_prudential-AR_2015
842
In addition to its net core structural borrowings of shareholder-financed operations set out above, the Group also has access to funding via the money markets and has in place an unlimited global commercial paper programme. As at 31 December 2015, we had issued commercial paper under this programme, totalling £138 mill...
58
annual_report
4463
1,113
U.S. Treasuries are priced on the bid side by a market maker.
12
10K
PosteItalianeSpA-AR_2019
7,479
Consumer Code, art. 8 paragraph 7 of Legislative Decree 145/2007 and art. 9 of the aforementioned Regulation on investigation procedures - subsequently supplemented on 11 January 2019. On 1 April 2019, the Authority notified Poste Italiane that the investigation was closed and that it had accepted the commitments, whic...
56
annual_report
HannoverRueckSE-AR_2009
595
(EUR 0.8 million), while the EBIT margin generated by this subsidiary stood at 16.9%. Net income after tax consequently came in at EUR 176.6 million. This can be attributed to a satisfactory risk experience and an excellent investment result, influenced not least by the aforementioned non-recurring effects – which play...
54
annual_report
2032
501
15. SEGMENT INFORMATION (CONTINUED) Net premiums earned by major product line are as follows:
14
10K
BaloiseHoldingLtd-AR_2003
946
Change in actuarial reserve (life) – – - 2,234.5 - 951.4
11
annual_report
NatwestGroupPLC-AR_2017
6,378
Risk factors continued In addition, UKFI manages HM Treasury’s shareholder relationship with the Group and, although HM Treasury has indicated that it intends to respect the commercial decisions of the Group and that the Group will continue to have its own independent board of directors and management team determining ...
163
annual_report
5958
2,696
Contract benefits decreased 14.1% or $85 million in 2020 compared to 2019, primarily due to lower reported claim experience on critical illness, disability and accident products, driven by limited activities and deferral of non-essential medical procedures from the Coronavirus and the non-renewal of a large underperfor...
53
10K
5453
1,242
Derivative instruments that are used as part of the Company's foreign currency exchange risk management strategy include foreign currency swaps, foreign currency futures, foreign equity futures, and foreign equity options.
30
10K
SwissReAG-AR_2020
456
The Cyber Product Suite is tailored for small and medium-sized companies that require end-to-end cyber solutions to protect their business, as well as for individuals seeking to protect themselves against this emerging risk class.
34
annual_report
3999
924
additional other-than-temporary impairment losses on equity securities related to the Company’s nonqualified deferred compensation plan as discussed below. Net realized investment losses were $1.4 million for 2008 due to the recognition of an other-than-temporary impairment loss on a fixed income security and other-tha...
79
10K
2985
1,154
There continues to be a significant amount of Federal and state regulatory activity in the industry relating to numerous issues including, but not limited to, market timing and late trading of mutual fund and variable insurance products and broker-dealer access arrangements. Like others in the industry, we have receive...
115
10K
NatixisSA-AR_2015
9,479
Mr. Jeannin, Member of the BPCE Supervisory Board, Member of the Natixis Board of Directors.
15
annual_report
5605
8,630
On May 18, 2018, NSM acquired 100% of Fresh Insurance, an insurance broker that focuses on non-standard personal lines products in the United Kingdom. NSM paid $50 million of upfront cash consideration for its equity interest in Fresh Insurance. The purchase price is subject to additional adjustments based upon growth ...
78
10K
ASRNederlandNV-AR_2008
346
6.3.1.1.2 Insurance Risk & Value Management Insurance Risk & Value Management (IR&VM) is responsible for keeping a close watch on technical insurance risks entered into by ASR entities. IR&VM does this in accordance with decisions taken by the IRC (Insurance Risk Committee). It observes the guidelines of ASR and extern...
80
annual_report
HannoverRueckSE-AR_2001
1,013
*In the previous year also before other taxes 2001 2000Figures in EUR thousand
13
annual_report
4190
1,108
The above tables include $95.5, $171.2, and $369.7 for the years ended December 31, 2010, 2009, and 2008, respectively, in other-than-temporary write-downs related to credit impairments, which are recognized in earnings. The remaining $98.9, $318.4, and $658.4 in write-downs for the years ended December 31, 2010, 2009,...
55
10K
5530
1,534
The new guidance is generally required to be adopted on a modified retrospective transition approach, with an option to elect a full retrospective transition if certain criteria are met. The transition approach for deferred acquisition costs is required to be consistent with the transition applied to the liability for ...
192
10K
1238
400
From time to time, capital contributions are made to the subsidiaries to assist them in maintaining appropriate levels of capital and surplus for regulatory and rating purposes. Insurance subsidiaries are required to maintain certain levels of statutory capital and surplus under the National Association of Insurance Co...
106
10K
ASRNederlandNV-AR_2010
1,348
Total intangible assets 323 371 2010 GOODwill VOBA SOftwAre tOtAl 2009 GOODwill VOBA SOftwAre tOtAl
15
annual_report
HannoverRueckSE-AR_2013
2,406
Fair value hierarchy of financial assets and liabilities recognised at fair value in EUR thousand 2013
16
annual_report
4794
1,398
Subject to Commissioner approval, the notes due March 1, 2044, may be redeemed at Principal Life's election on or after March 1, 2014, in whole or in part at a redemption price of approximately 102.3% of par. The approximate 2.3% premium is scheduled to gradually diminish over the following ten years. These notes may b...
133
10K
Sampoplc-AR_2007
586
welfare system in change The future shape of the social insurance system is under continual discussion in all the Scandinavian countries. The common goal is to create a long-term stable system and to reduce sickness absence.
36
annual_report
SwissReAG-AR_1989
516
The claims incurred comprise payments for Life and An­ nuity insurance as well as the adjustment in the outstand­ ing claims reserve. The total outgo for own account rose in the year under report by Sw.frs. 166 million to Sw.frs. 1,031 million. Of this amount, Sw.frs. 771 million con­ cerned reinsurance companies and S...
59
annual_report
5133
1,117
Cash flow used in financing activities totaled $3.2 million for the year ended December 31, 2015 as compared to cash flow provided by financing activities of $120.8 million for the year ended December 31, 2014. The decrease in cash flow provided by financing activities of $124.0 million was primarily due to the complet...
72
10K
NatixisSA-AR_2018
3,257
Natixis has taken steps to guarantee the protection of the personal data of both customers and employees.
17
annual_report
PosteItalianeSpA-AR_2018
7,008
The innovations made to procedural and IT structures, and the further initiatives planned in 2018 to consolidate the Company’s oversight of them, were the subject of specific reporting to the CONSOB, in March.
33
annual_report
fr_axa-AR_2007
2,814
Interest rate sensitivities for Other-Than-Life business of —4% to upward 100bp and 4% to downward 100bp (2006: —3% and 4%) reflect mainly the net of tax impacts on fixedincome assets (—5% to upward), offset somewhat by debt and derivatives on the debt (+1% to upward). The majority of other-than-life reserves are not s...
57
annual_report
5570
624
(1) Adjusted EBITDA Margin is calculated as Adjusted EBITDA divided by Total Revenue ($14,752/$60,148) and ($10,718/$42,711) for the year ended December 31, 2018 and 2017.
25
10K
4121
8,775
The Company's primary embedded derivatives are conversion options in fixed income securities, which provide the Company with the right to convert the instrument into a predetermined number of shares of common stock; equity options in Allstate Financial annuity product contracts, which provide equity returns to contract...
67
10K
HiscoxLtd-AR_2005
82
Hiscox UK Hiscox UK is the most mature area of business we have built outside of Lloyd’s in the last decade. It had a stunning 2005. Gross written premium remained static at £207.3 million (2004: £212.1 million) with a combined ratio of 84.1 per cent (2004: 96.8 per cent) and pre-tax profits of £40.4 million (2004: £17...
58
annual_report
5053
963
· Asset Protection-We market extended service contracts and credit life and disability insurance to protect consumers’ investments in automobiles, recreational vehicles, watercraft, and powersports. In addition, this segment markets a guaranteed asset protection (“GAP”) product. GAP coverage covers the difference betwe...
58
10K
3760
747
A bargain purchase, which occurs when the fair value of net assets acquired exceeds the consideration transferred plus any non-controlling interest in the acquiree, to be recognized as a gain; and
31
10K
AdmiralGroupPLC-AR_2016
1,352
Reporting, accountability and audit UK Corporate Governance Code Admiral is subject to the UK Corporate Governance Code (the Code), published by the Financial Reporting Council (FRC) in September 2014 and available on their website, www.frc.org.uk. The Company’s Annual Report and Accounts, taken as a whole, addresses t...
52
annual_report
AvivaPLC-AR_2011
2,882
Employees in continuing operations 36,562 39,420 38,924 39,332 Employees in discontinued operations — 5,722 1,916 6,009
16
annual_report
AegonNV-AR_2016
4,215
The number of share options that has not been included in the weighted average number of common shares used in the calculation of diluted earnings per share amounted to nil in 2016 and 2015 (2014: 4,900,086). The average share price did not exceed the exercise prices in these option contracts. At year end, Aegon has no...
80
annual_report
HannoverRueckSE-AR_2009
1,247
In the opinion of Hannover Rückversicherung AG, it is therefore in the interest of the company to diverge from the recommendation contained in Item 4.2.3 Para. 4.
27
annual_report
4662
884
Our future cash flows depend upon the availability of dividends or other statutorily permissible payments from our subsidiaries. The ability to pay dividends and make other distributions is limited by the applicable laws and regulations of the jurisdictions in which our insurance and reinsurance subsidiaries operate, i...
132
10K
NatwestGroupPLC-AR_2020
4,118
A range of controls is operated to ensure the business delivers good customer outcomes and is conducted in accordance with legal and regulatory requirements. A suite of policies addressing compliance and conduct risks set appropriate standards across NatWest Group. Examples of these include the Complaints Management Po...
81
annual_report
3553
909
The significant increase in the reserves in 2007 is primarily attributable to light insured catastrophe activity in 2006 coupled with significant losses in 2007 from Windstorm Kyrill ($32.4 million), June and July U.K. Floods ($38.0 million), New South Wales Floods ($18.5 million), three satellite losses ($13.8 million...
53
10K
Sampoplc-AR_2000
0
Sampo-Leonia Insurance Company plc, registered domicile and address Turku, Yliopistonkatu 27, FIN-20075 SAMPO-LEONIA, Finland, Trade reg. no. 46.425
18
annual_report
4108
840
The percentage of total ceded written premiums to total gross written premium in 2009 was 32.9% compared to 39.0% in 2008 and 39.7% in 2007. The Insurance Companies’ and Lloyd’s Operations 2008 ceded written premiums includes $7.2 million and $5.0 million, respectively, of reinstatement premiums related to the losses f...
142
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006
2,358
Provision for deferred premium refunds – – 5,391 6,475 5,391 6,475
11
annual_report
1
1,020
Carl H. Lindner III 40 President of GAI and President 1987 and Chief Operating Officer of American Premier S. Craig Lindner 39 President of AAG and Senior Executive Vice President of AMM James E. Evans 48 Vice President and General Counsel Sandra W. Heimann 51 Vice President 1984 Robert C. Lintz 60 Vice President 1979 ...
71
10K
HiscoxLtd-AR_2007
377
TheGroup participates in many industry bodies, associations and task-force initiatives in order to monitor developments and influence their strategic direction. In particular, the involvement of theGroup’s executives in the reshaping of the Lloyd’s market underscores that commitment.
37
annual_report
4310
2,799
The following pronouncements had no material impact on the Company’s consolidated financial statements:
13
10K
SwissReAG-AR_2019
606
• The Corporate Solutions negative contribution reflects previous years’ business developments from reserving actions, large and medium-sized man-made losses, mainly relating to adverse industry trends for US casualty business. This is partially offset by a positive recovery from the adverse development cover with Swis...
50
annual_report
AegonNV-AR_2018
5,664
Total assets at fair value 9,130 130 (1) 435 (87) 2,570 (1,624) (472) 185 42 151 (382) - 10,077 388
20
annual_report
5095
953
As disclosed previously, on June 1, 2015, we completed the sale of our wholly owned subsidiary Concentra. Net receivables associated with Concentra were classified as held-for-sale at December 31, 2014 and December 31, 2013 and excluded from the table above for comparative purposes.
43
10K
5866
2,312
respectively, in our consolidated balance sheets for profits followed by losses in our long-term care insurance business. The present value of expected future losses was approximately $2.1 billion and $2.0 billion as of December 31, 2020 and 2019, respectively. As of December 31, 2020, we estimate a factor of approxima...
66
10K
5881
1,039
peril, personal automobile and commercial automobile lines of business, offset by lower-than-expected severity in the workers’ compensation line of business, for accident years prior to 2018. The majority of the 2018 development related to increases in the liability for losses and loss expenses of prior years for Atlan...
191
10K
AdmiralGroupPLC-AR_2018
1,471
6. Penny James retired from the Board with effect from 8 September 2017.
13
annual_report
PosteItalianeSpA-AR_2019
2,644
In 2019, Poste Italiane inaugurated in Bologna the largest Hub in the country covered by photovoltaic panels
17
annual_report
HiscoxLtd-AR_2005
1,239
Annual risk free rates of return (%) 3.5-5.0 3.5-4.5 Long-term dividend yield and growth (%) 2.0 2.0 Expected life of options (years) 3.25-7.5 3.25-6.5 Implied volatility of share price over a ten year period (%) 32-49 39-49 Weighted average share price (pence) 149.5 152.2
44
annual_report
nl_ing_grp-AR_2013
4,637
Within ING Bank, covers can derive from two distinct forms, assets and third party obligations.
15
annual_report
5471
1,280
For internal replacement transactions where the resulting contract is substantially unchanged, the policy is accounted for as a continuation of the replaced contract. Unamortized deferred acquisition costs from the original policy continue to be amortized over the expected life of the new policy, and the costs of repla...
85
10K
541
462
The Company had restricted cash of $7.5 million and $665,000 at December 31, 1996 and 1995, respectively.
17
10K
5491
20,309
For the year ended December 31, 2017, our repatriation assumptions with respect to certain operations in Canada, South Africa, as well as European and Asia Pacific regions remain unchanged and related foreign earnings remain indefinitely reinvested. Due to a change in the legal entity ownership through a contribution o...
117
10K
gb_prudential-AR_2005
2,179
Debt securities intended to be held for continuing use were carried at cost less any provision for permanent diminution in value. Discount or premiums on purchase were amortised through the profit and loss account over the period from date of purchase to date of maturity.
45
annual_report
3734
9,471
Goodwill represents the excess of amounts paid for acquiring businesses over the fair value of the net assets acquired. The goodwill balances were $456 million and $418 million as of December 31, 2008 and $407 million and $418 million as of December 31, 2007 for the Allstate Protection segment and the Allstate Financia...
135
10K
3243
1,600
Long-term debt also includes payments under capital lease obligations of $11 million, $24 million, $3 million and $24 million, in the less than one year, one to three years, three to five years and more than five years categories, respectively.
40
10K
gb_lloyds_banking_grp-AR_2016
914
The lower income and costs reflect further reductions in the run-off portfolios.
12
annual_report
1471
241
Net underwriting losses with respect to retroactive reinsurance contracts were $191 million in 2000, $97 million in 1999 and $90 million in 1998. The net underwriting losses from this business reflect the amortization of deferred charges on retroactive reinsurance as well as the accretion of discounted structured settl...
109
10K
NatixisSA-AR_2009
3,872
Since the probability of default associated with the CDPC Kiawah exceeded 50%, as of third-quarter 2009 it was decided to recognize a provision for the full amount of the related exposure. This procedure has the same impact on Natixis’ fi nancial statements as the consolidation of the entity itself.
49
annual_report
5902
612
On June 8, 2018, the Company entered into an amended and extended credit agreement and term loan facility. The amended and extended credit agreement increased the borrowing capacity of the existing unsecured credit agreement to $300.0 million and extended the maturity date to June 8, 2023. The term loan facility includ...
197
10K
HannoverRueckSE-AR_2018
3,369
Hannover Re calculates the fair values of the embedded derivatives in ModCo treaties using the market information available on the valuation date on the basis of a “credit spread” method. Under this method the derivative has no value on the date when the contract commences and its value then fluctuates over time accord...
126
annual_report
5957
1,883
• evaluating the individual components (including assumptions and market movements) identified in the rollforward of changes in fair value prepared by the Company, for reasonableness of direction and relative amounts.
30
10K
DirectLineInsuranceGroupPLC-AR_2013
93
Multi-brand Millions of consumers recognise many of our brands. For almost 30 years, we have sought to make it easier for our customers to obtain good value insurance cover.
29
annual_report
522
456
For purpose of pro forma disclosures, the estimated fair value of the options is amortized into expense over the options' vesting period. The Company's pro forma information follows (in thousands except for earnings per share information):
36
10K
5229
964
As of December 31, 2015, the Company expected that amortization expense for the next five years related to the American Reliable acquisition will be as follows:
26
10K
INGGroepNV-AR_2013
1,226
CHANGE OF CONTROL CLAUSES IN MATERIAL AGREEMENTS ING Group is not a party to any material agreement that becomes effective or is required to be amended or terminated, in case of a change of control of ING Group following a public bid as defined in section 5:70 of the Dutch Financial Supervision Act. ING Group subsidiar...
156
annual_report
AegonNV-AR_2012
1,067
Sales and distribution Investment products as well as individual and corporate pensions are distributed widely through independent financial advisers, tied distribution and, more recently, through partnerships with banks. In addition, Aegon UK also maintains close relations with a number of specialist advisers in these...
45
annual_report
fr_axa-AR_2017
1,906
At the Shareholders’ Meeting of April 25, 2018, shareholders of the Company will be asked to increase this amount to €1,900,000, i.e. an increase of 15%. This increase will be apportioned progressively so that the amount paid to each director would remain stable in the next years despite the increase in the number of d...
65
annual_report
4567
1,210
Our investments in tax credit partnerships are evaluated for OTTI by comparing cash flow projections of the underlying projects generating the tax credits to our recorded basis, and by considering our ability to utilize the tax credits generated by the investments.
41
10K
3840
1,215
During 2008, 2007, and 2006, tax-related benefits (deficiencies) on share-based compensation were $(292,000), $853,000 and $1.2 million, respectively. Such amounts were recorded as adjustments to income taxes payable with a corresponding increase (decrease) to additional paid-in capital.
37
10K
5811
428
The COVID-19 pandemic continues to evolve, and the virus and mitigation efforts have continued to impact the global economy, cause market instability, increase unemployment and put pressure on the healthcare system. The COVID-19 pandemic has impacted and will continue to impact our membership and benefit expense and ha...
82
10K
AssicurazioniGeneraliSpA-AR_2017
3,314
Change in the equalisation provision (+ o -) ................................................................... D 10 0 10 0 Allocated investment return transf. from the non-technical account ............................... E 11 6,209 11 4,129
28
annual_report
fr_axa-AR_2018
456
(7) EUR 1 = RMB 7.6191 average exchange rate as of December 31, 2017 (s ource: Bloomberg).
17
annual_report
157
1,229
Number of Shares 1995 1994 1993 Outstanding at beginning of year 1,234,788 1,390,788 1,341,774 Granted 564,375 142,500 276,000 Exercised (90,837) (298,500) (226,266) Canceled - - (720)
26
10K
NatwestGroupPLC-AR_2019
1,150
The GAC has responsibility for overseeing the Internal Audit function. In addition to considering quarterly opinions from Internal Audit, the GAC is required to monitor the function’s effectiveness and confirm its independence. The GAC was fully satisfied in this regard.
40
annual_report
1658
308
During 2001, Torchmark entered into a coinsurance agreement with First Command whereby Torchmark cedes back to First Command approximately 5% of the new life insurance business sold by First Command on behalf of Torchmark's insurance subsidiaries. Under the terms of this agreement, First Command pays Torchmark expense ...
109
10K
3775
569
We had a DAC/VOBA asset of approximately $232.4 million related to our variable annuity product line with an account balance of $4.5 billion as of December 31, 2008. These amounts include $54.3 million and $2.3 billion, respectively, of DAC/VOBA asset and account balances associated with the variable annuity business o...
246
10K
5493
1,975
When making these and other projections, we must rely on the accuracy of our assumptions about future economic and business conditions, which can be affected by known and unknown risks and other uncertainties. For example, given the significant complexities and uncertainties of U.S. Tax Reform, additional guidance from...
150
10K
AvivaPLC-AR_2001
134
The Chinese regulator agreed in September 2001 that we can begin the preparatory work for setting up a life and pensions joint venture in China. We have also launched a new joint venture to develop a life business in India with Dabur Group.These markets have large populations and offer excellent long-term potential for...
55
annual_report
4304
1,043
A summary of the cost or amortized cost and fair value of investments in fixed maturity securities, classified as held-to-maturity at December 31, 2010, by contractual maturity, is as follows:
30
10K
fr_axa-AR_2011
5,092
For Property & Casualty insurance business, the fi nancial risk is borne directly by the shareholders. Long-tail activities, such as certain Third Party Liability lines, are sensitive to movements in fi nancial markets.
33
annual_report