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4497
1,606
Separate Account Business - Separate account assets and liabilities represent contract holder funds related to investment and annuity products for which the policyholder assumes substantially all the risk and reward. The assets are segregated into accounts with specific underlying investment objectives and are legally ...
89
10K
ch_zurich_insurance_group-AR_2012
2,713
Table 26.1b in USD millions, as of December 31Fair value (FV) and carrying value of financial assets and financial liabilities – unit-linked
22
annual_report
TopdanmarkAS-AR_2013
870
986B986BIn March 2013 Topdanmark effected a share split reducing the denomination of its shares from DKK 10 to DKK 1 per share.
22
annual_report
ScorSE-AR_2011
4,105
Collateral received from retrocessionaires TOTAL COLLATERAL RECEIVED FROM RETROCESSIONAIRES (4) 1,007 694
12
annual_report
NatwestGroupPLC-AR_2011
731
In the United States, Citizens competes in the New England, Mid-Atlantic and Mid-West retail and mid-corporate banking markets with local and regional banks and other financial institutions. The Group also competes in the US in large corporate lending and specialised finance markets, and in fixed-income trading and sal...
85
annual_report
NatwestGroupPLC-AR_2010
1,095
2010 compared with 2009 - statutory Net fees and commissions increased by £34 million to £5,982 million primarily due to improved performance in GBM (£160 million), driven by higher portfolio management and origination income, and UK Corporate (£94 million), principally reflecting strong refinancing levels and increase...
76
annual_report
2065
355
Transfers due from separate accounts decreased by 24% from December 31, 2001. Transfers due from separate accounts represents policyholders’ account values in excess of statutory benefit reserves. This decrease is consistent with the decline in separate account liabilities, primarily attributable to market conditions, ...
59
10K
649
181
The executive offices of the Corporation and the administrative offices of the Property and Casualty Group are in Warren, New Jersey. The Real Estate Group's corporate headquarters is located in Roseland, New Jersey. The Property and Casualty Insurance Group maintains zone administrative and branch offices in major cit...
115
10K
PosteItalianeSpA-AR_2017
5,503
b) Classification Available-for-sale financial assets are non-derivative financial instruments that are either designated in this category or not attributable to any of the other categories described in paragraphs 1, 3 and 4.
32
annual_report
HiscoxLtd-AR_2012
891
The Group’s insurance contracts include provisions to contain losses, such as the ability to impose deductibles and demand reinstatement premiums in certain cases. In addition, in order to manage the Group’s exposure to repeated catastrophic events, relevant policies frequently contain 3 Management of risk continued 3....
53
annual_report
gb_lloyds_banking_grp-AR_2014
4,060
NOTE 11: OPERATING EXPENSES (CONTINUED) PERFORMANCE-BASED COMPENSATION The table below analyses the Group’s performance‑based compensation costs (excluding branch‑based sales incentives) between those relating to the current performance year and those relating to earlier years.
34
annual_report
NatixisSA-AR_2015
356
Outstanding loans climbed 11% year-on-year to €18.7 billion at December 31, 2015, thus cementing the Company’s No. 3 spot on the French market (source: annual reports, Natixis Financement survey).
29
annual_report
ASRNederlandNV-AR_2017
1,207
In accordance with the policy, the Committee advised the Supervisory Board on target setting, performance appraisals and the ex-post assessments of variable payments awarded to identified staff. The remuneration policy was updated in line with new rules and regulations and the Remuneration Committee discussed the imple...
70
annual_report
NatixisSA-AR_2010
8
This registration document was filed with the French Financial Markets Authority on April 5, 2011, in accordance with Article 212-13 of the general regulations of the Financial Markets Authority. It may be used in connection with a financial transaction only if accompanied by a transaction note approved by the Financia...
68
annual_report
ch_zurich_insurance_group-AR_2008
1,569
Total acquisition costs for DWS Vita amounted to USD 138 million and, based on the initial purchase price allocation, include net tangible assets acquired of USD 64 million and identifi able intangible assets, net of deferred tax, of USD 75 million (USD 110 million before tax, relating to the present value of profi ts ...
93
annual_report
5287
1,398
Changes in estimates of claim and allocated claim adjustment expense reserves and premium accruals, net of reinsurance, for prior years are defined as net prior year development. These changes can be favorable or unfavorable. Favorable net prior year development of $316 million, $218 million and $50 million was recorde...
64
10K
HannoverRueckSE-AR_2017
435
Most Latin American markets showed very vigorous growth in the financial year just ended. Premiums in the primary sector are currently rising here on an annual basis – depending on the market – by between 5% and 15%. This is driven not only by the high inflation rates but also by the growing purchasing power of the mid...
84
annual_report
2239
542
The Company’s investment portfolio consists primarily of fixed maturity securities (bonds and redeemable preferred stocks) and commercial mortgage loans. The Company generally purchases its investments with the intent to hold to maturity by purchasing investments that match future cash flow needs. However, the Company ...
77
10K
1666
855
Tobacco product inventories - These inventories, aggregating $285.7 and $269.3 at December 31, 2001 and 2000, respectively, are stated at the lower of cost or market, using the last-in, first-out (LIFO) method and primarily consist of leaf tobacco. If the average cost method of accounting had been used for tobacco inve...
72
10K
3411
2,474
Information for Plans with ABO / APBO in Excess of Plan Assets
12
10K
4230
3,105
In May 2008, the FASB revised the authoritative guidance for the accounting for convertible debt instruments that may be settled in cash upon conversion (including partial cash settlement). This new guidance, which is effective for fiscal years and interim periods beginning after December 15, 2008 and must be applied r...
81
10K
1996
1,472
Revenues, excluding Gibraltar Life, exclude realized investment gains (losses), net, of $5 million, $(32) million, and $(15) million for the years ended December 31, 2002, 2001 and 2000. Revenues for Gibraltar Life exclude realized investment gains (losses), net, of $(162) million and $(25) million for the years ended ...
53
10K
2675
3,443
Aon's U.S. pension plan asset allocation as of December 31, 2004 and 2003 is as follows:
16
10K
TopdanmarkAS-AR_2019
646
The market valuation of subordinated loans is based on a mark-to-model method. Future cashflows are discounted with the risk free rate and an appropriate credit spread. The solvency II interest rate curve is used for approximation for risk free rates.
40
annual_report
4082
2,285
In addition to the above two plans, the Company maintains a non-qualified deferred compensation plan. Contributions to the above qualified plans that exceed limitations established by federal regulations are then contributed to the non-qualified deferred compensation plan. The non-qualified pension expense for the year...
109
10K
5214
1,019
On May 2, 2016, we purchased certain shares of common and preferred stock of Ceridian Holding, LLC, the ultimate parent of Ceridian, from third-party minority interest holders for $17 million. As a result of this purchase, our ownership of Ceridian increased from 32% to 33%.
45
10K
de_allianz-AR_2014
2,200
Total consideration allocated to the Distribution Activities consisting of € 200 mn initial payment plus € 175 mn contingent consideration 375 Total net identifiable assets of the Distribution Activities 118
30
annual_report
4457
985
The Company leases office facilities and certain equipment under operating and capital leases. Most leases have renewal options, typically with increased rental rates during the option period. Certain of these leases contain options to purchase the property at amounts that approximate fair market value; other leases co...
69
10K
2358
555
• Changes in reinsurance coverage, not reflected in reserving data, that affect the company’s net payments and net case reserves
20
10K
NatixisSA-AR_2020
6,010
All goodwill is assigned to a CGU so that it may be tested for impairment. The tests conducted by Natixis consist in comparing the carrying amount of each CGU (including goodwill) with its recoverable value. Where the recoverable value equals the value in use, it is determined by discounting annual free cash flows to p...
112
annual_report
227
278
The amount of dividends that may be paid to stockholders without prior approval by the State of Iowa Insurance Department is limited to the excess of statutory retained earnings over contributed surplus. Contributed surplus as of December 31, 1995, was $10,766,000. Based upon this restriction, the Company could make a ...
98
10K
HiscoxLtd-AR_2017
1,500
The return on equity is calculated by using profit for the period divided by the adjusted opening total equity. The adjusted opening total equity represents the equity on 1 January of the relevant year as adjusted for time weighted aspects of capital distributions and issuing of shares or treasury share purchases durin...
80
annual_report
StandardLifeAberdeenPLC-AR_2016
70
In China, HASL continues to work towards gaining a pensions licence from the China Insurance Regulatory Commission.
17
annual_report
SwissLifeHoldingAG-AR_2003
2,132
Swiss Life Holding . Financial Statements 2003 . Statement of Income
11
annual_report
de_allianz-AR_2005
702
We are confident that we will achieve the entry of the merger in the course of such release ruling. As a further prerequisite for the effectiveness of the merger and the accompanying conversion of
34
annual_report
1527
374
Pursuant to the amended agreement, Conseco Finance may make the following payments to Conseco: (i) interest on the intercompany note; (ii) payments for products and services provided by Conseco; and (iii) intercompany tax sharing payments. Conseco Finance may also make the following payments to Conseco provided the min...
293
10K
2909
3,108
Claims and claims expense during 2004 includes estimated catastrophe losses of $2.00 billion, net of recoveries from the FHCF, related to hurricanes Charley, Frances, Ivan, and Jeanne. This estimate includes net losses on personal lines auto and property policies and net losses on commercial policies.
45
10K
3933
1,127
As losses from catastrophes mature, our actuaries consider losses reported to us relative to loss development patterns from prior catastrophe events. Our estimate of ultimate liability for losses and LAE related to a catastrophe event will generally be based on these development patterns after approximately twelve mont...
114
10K
4651
1,188
The Company has utilized public information to estimate the future assessments it will incur as a result of life insurance company insolvencies. At December 31, 2012 and 2011, the Company’s estimated liability for future guaranty fund assessments was $0.6 million and $0.6 million, respectively. In addition, the Company...
85
10K
NatixisSA-AR_2019
5,792
Credit derivatives used by Natixis are not considered as financial guarantees but as derivatives falling within the scope of IAS 39. They are classified as assets or liabilities at fair value through profit or loss.
35
annual_report
RSAInsuranceGroupPLC-AR_2011
2,584
The following transactions were carried out with related parties: Provision of services and benefits RSA Insurance Group plc provides services and benefits to its subsidiary companies operating within the UK and overseas as follows: • Provision of technical support in relation to risk management, information technology...
67
annual_report
1691
440
One of the arbitration awards referenced above allowed a reinsurer to avoid certain of its reinsurance contracts with a Lloyd's syndicate. According to reports in the London press, that award may have caused the syndicate's liabilities to increase beyond the financial resources available to it and its Names, requiring ...
103
10K
5871
907
Short-Term Investments. Short-term investments include certificates of deposit issued by financial institutions with original maturities of more than three months but less than one year at date of acquisition. These short-term investments are carried at cost or amortized cost, which approximates fair value.
43
10K
4864
1,724
The U.S. government-related category has a gross unrealized loss greater than twelve months of $5.4 million as of December 31, 2014. These declines were entirely related to changes in interest rates.
31
10K
5034
2,052
The Company’s process for identifying declines in the fair value of investments that are other-than-temporary involves consideration of several factors. These primary factors include (i) an analysis of the liquidity, business prospects and financial condition of the issuer including consideration of credit ratings, (ii...
136
10K
2611
1,206
Guaranteed and Structured Financial Products (G&SFP) Segment. Offers a variety of retirement products to qualified defined benefit plans, defined contribution plans and non-qualified buyers. The Company's products include guaranteed investment contracts, funding agreements, single premium annuities, and general account...
130
10K
DirectLineInsuranceGroupPLC-AR_2012
1,630
4. Annual bonus includes both the cash element received and the deferred element awarded in relation to the financial year ending 31 December 2012.
24
annual_report
StandardLifeAberdeenPLC-AR_2018
4,020
10.4.2 AUM by geography (excludes strategic insurance partners) 12 months ended 31 December 31 Dec 2018 31 Dec 2017 £bn £bn
21
annual_report
5595
1,172
For each accident quarter or year, the point estimate selected by the Company’s actuaries is not necessarily one of the points produced by any particular one of the methodologies utilized, but often is another point selected by the Company’s actuaries, using their professional judgment, that takes into consideration ea...
394
10K
5785
1,110
The weighted-average discount rate, service cost discount rate, interest cost discount rate, rate of increase in future compensation levels and expected long-term rate of return on plan assets used to develop the components of Pension Expense for the Pension Plan for the years ended December 31, 2019, 2018 and 2017 wer...
51
10K
3690
907
U.S. Government and U.S. Government Agencies: Comprised primarily of bonds issued by the U.S. Treasury, the Federal Home Loan Bank, the Federal Home Loan Mortgage Corporation, Federal Farm Credit Bank, Government National Mortgage Association and the Federal National Mortgage Association. The fair values of U.S. govern...
140
10K
Sampoplc-AR_2018
441
Sampo plc's A shares at the price paid in public trading for 50 per cent of his/her annual fee excluding taxes and similar payments.
24
annual_report
274
461
Significant events affecting the year ended December 31, 1994 loss ratio included the following:
14
10K
RaiffeisenBankInternationalAG-AR_2016
773
Net trading income grew 7 per cent year-on-year, or € 4 million, to € 54 million in Southeastern Europe. Higher valuation gains on foreign currency positions, mostly in Croatia, were mainly responsible for the € 4 million increase to € 34 million in currencybased transactions, while Serbia and Albania reported valuatio...
60
annual_report
3036
866
The Company periodically issues warrants to purchase common stock as compensation for the services of consultants and marketing employees. Of the 406,000 warrants outstanding at December 31, 2006, 306,000 were issued in February of 2005 to two consultants and two employees as compensation for introducing strategic busi...
98
10K
4119
1,266
The Company believes that AMERIGROUP Florida, Inc. has substantial defenses to the claims asserted by AHCA and will defend against the claims vigorously. However, there can be no assurances that the ultimate outcome of this matter will not have a material adverse effect on the Company’s financial position, results of o...
53
10K
StandardLifeAberdeenPLC-AR_2010
1,887
Group assets under administration managed by: Standard Life Group entities 144.9 164.0
12
annual_report
2939
904
As disclosed in the Company’s 2005 Quarterly Form 10-Qs, Quarterly Operating Results that were stated in the Company’s Note 18 in the 2004 Form 10-K Notes to Consolidated Financial Statements contained a clerical error.
34
10K
5822
965
Cash used in operating activities was $91.7 million for the year ended December 31, 2020. This reflected the $13.8 million increase in our net loss, including the $12.2 million one-time non-cash share contribution expense, partially offset by increases in funds held for reinsurance treaties, unearned premium, unpaid lo...
65
10K
RaiffeisenBankInternationalAG-AR_2019
2,643
Net increase in cash and cash equivalents 21,439 67,666 (167,985) 27,516 (32,421)
12
annual_report
RSAInsuranceGroupPLC-AR_2020
2,284
Passing elements of our insurance risk to reinsurers is another key strategy employed in managing the Group’s exposure to insurance risk. The Group Board determines a maximum level of risk to be retained by the Group as a whole. The net retained risk is distributed across the Group in accordance with Group and local ri...
97
annual_report
4264
1,398
(4) The Company currently owns 79 life settlement contracts and 143 premium finance loans with a carrying value of $31.5 million. In order for the Company to derive the economic benefit of the face value of the policies, the Company is required to make these premium payments.
47
10K
de_allianz-AR_2002
2,257
Worms et Cie, Paris 250 13.4 2,4293) 2333) 12/31/2001 1) Market value > = ¤100 mn and percentage of shares owned > = 5 %, or market value > = ¤500 mn, without trading portfolio of banking business 2) Including shares held by dependent subsidiaries (incl. consolidated investment funds) 3) Source: IDS GmbH
53
annual_report
5242
1,149
In May 2014, the FASB, together with the International Accounting Standards Board, issued guidance on the recognition of revenue from contracts with customers. Under this guidance, revenue is recognized as the transfer of goods and services to customers takes place and in amounts that reflect the payment or payments th...
156
10K
StandardLifeAberdeenPLC-AR_2017
1,147
2 Simon Troughton Deputy Chairman NG Simon was appointed Deputy Chairman on 14 August 2017, having been a non-executive director of Aberdeen Asset Management PLC since July 2009 and chairman since July 2016. Simon is also chairman of Redburn (Europe) Limited. Previously, he was a partner at Cazenove and Company Limited...
73
annual_report
CNPAssurancesSA-AR_2009
181
As part of our processes for managing and controlling risks, CNP Assurances regularly conducts forecasts assessing the potential consequences of different macroeconomic scenarios on the Company’s financial strength and flexibility. These forecasts form the basis of action plans drawn up to counter such occurrences.
44
annual_report
HelvetiaHoldingAG-AR_2014
1,907
Depreciation / amortisation of property, equipment and intangible assets 114.3 42.6
11
annual_report
RaiffeisenBankInternationalAG-AR_2012
1,828
Deposits from customers break down analog to Basel II definition as follows: Corporate customers – large corporates 29,071,946 33,187,082
19
annual_report
4742
784
Operating income was $171.1 million for the year ended December 31, 2012, an increase of $13.7 million, or 8.7%, as compared to the year ended December 31, 2011, primarily due to the Liberty Life coinsurance transaction. The Liberty Life transaction added $50.2 million to segment operating income for the year ended Dec...
111
10K
fr_axa-AR_2019
1,054
As of December 31, 2019, the Group’s Eligible Own Funds (“EOF”) amounted to €59.4 billion and the Solvency II ratio to 198%, compared to €58.1 billion and 193% as of December 31, 2018.
33
annual_report
StandardLifeAberdeenPLC-AR_2013
2,315
The SLAL parameterisation of the CMI_2013 and CMI_2009 models make the following changes relative to the ‘core’ model: • blends period improvements between ages 60 to 80 to the long term improvement rate over a 15 year period (compared with a 20 year period in the core CMI model) • assumes that cohort improvements diss...
83
annual_report
fr_axa-AR_2009
1,967
(-1.3 point), and a decrease in restructuring provisions refl ecting the non-recurrence of the Irish redundancy scheme costs in
19
annual_report
StorebrandASA-AR_2012
822
Average number of shares as basis for calculation (million) 446.7 446.3
11
annual_report
5010
937
Scott P. Callahan, a director of the Company, provides the Company with consulting services and advice with respect to the Company’s reinsurance and related matters through SPC Global RE Advisors LLC, an entity affiliated with Mr. Callahan. The Company entered into the consulting agreement with SPC Global RE Advisors L...
54
10K
5308
597
The expense ratio applicable to the year ended December 31, 2016 (defined as underwriting expenses, salaries and wages, interest and other operating expenses related to net premiums earned) was 38.1% compared with 32.7% for the year ended December 31, 2015. The increase in our expense ratio was primarily attributable t...
57
10K
gb_prudential-AR_2017
131
16 Source: Swiss Re Sigma 2015. Insurance penetration calculated as premiums as percentage of GDP. Asia penetration calculated on a weighted population basis.
23
annual_report
2875
414
In addition to our adherence to cost-based pricing and risk mitigation strategies, discussed above, management of the Company focuses on several other key areas to improve the results of our operations and financial results. The following are critical areas of management’s focus:
42
10K
NatixisSA-AR_2003
5,039
Securities are subsequently marked to market. Markedto -market gains and losses are recorded in the profit & loss statement.
19
annual_report
1141
281
Group life, accidental death and dismemberment, and long-term care reported income of $197.5 million in 1998 compared to $141.4 million in 1997. The increase in 1998 income resulted from the growth in premium income, which was driven by strong sales, and a favorable benefit ratio in the group life and accidental death ...
68
10K
3185
1,315
The balances included in the table above regarding White Mountains’ long-term incentive compensation plans include amounts payable for performance shares and units, as well as deferred compensation balances. Exact amounts to be paid cannot be predicted, for performance shares, with certainty, as the ultimate amounts of...
106
10K
DirectLineInsuranceGroupPLC-AR_2015
2,187
Spread risk This is the risk of loss from the sensitivity of the value of assets and investments to changes in the level or in the volatility of credit spreads over the risk-free interest rate term structure. The level of spread is the difference between the risk-free rate and actual rate paid on the asset, with larger...
79
annual_report
3218
682
Restricted Investments-Restricted investments consisted of two certificates of deposit, and the interest receivable thereon, securing letters of credit, which acted as collateral for certain of our operating leases. The letters of credit, which totaled $138,000 at December 31, 2005, were surrendered by the beneficiary ...
61
10K
4534
1,189
Net Investment Income. Our financial guaranty net investment income decreased during 2012 compared to 2011, and in 2011 compared to 2010, primarily due to a decline in our total investment balance resulting from negative cash flows, as well as a shift from higher yielding securities in our investment portfolio to lower...
79
10K
3480
644
Statement of Financial Accounting Standards No. 131, “Disclosures about Segments of an Enterprise and Related Information” establishes standards for the way information about operating segments is reported in financial statements. The Company has identified its insurance company operation as its primary reporting segme...
100
10K
gb_lloyds_banking_grp-AR_2017
3,088
Impairment provisions as a % of loans and advances which are forborne
12
annual_report
PhoenixGroupHoldingsPLC-AR_2019
716
UK Open operating profit The Group’s UK Open business segment delivered an operating profit of £73 million (2018: £41 million)� This includes operating profits generated across the Workplace, Retail and Wrap product lines, including new business distributed through our Strategic Partnership with Standard Life Aberdeen ...
92
annual_report
fr_axa-AR_1999
5,444
Interest maintenance reserve (‘’IMR’’) The interest maintenance reserve is a liability on a life insurance company’s statutory balance sheet under US statutory accounting practices that applies to all types of fixed income investments
33
annual_report
NatixisSA-AR_2012
7,547
Natixis’ main shareholder, BPCE, held 72.17% of the capital and 72.33% of the voting rights of Natixis at December 31, 2012. In light of this capital structure, Natixis considers that a hostile takeover would be unlikely to succeed.
38
annual_report
gb_prudential-AR_2005
293
On an International Financial Reporting Standards (IFRS) basis, operating profit based on longer-term investment returns was up 36 per cent on last year driven by the growth in profits from the long-term and fund management businesses.
36
annual_report
263
784
Equity in net earnings of affiliate, net of tax 2,213 1,690 3,038 4,761 4,454
14
10K
SwissReAG-AR_2014
950
Risk Management is embedded throughout our business. For each Business Unit, we have dedicated risk experts and Chief Risk Officers who analyse and challenge business decisions. Their independence is maintained by a direct reporting line to the Group Chief Risk Officer. They apply a consistent Enterprise Risk Managemen...
68
annual_report
TrygAS-AR_2020
221
Corporate Responsibility Corporate Responsibility (CR) is an integrated part of Tryg’s core business and is closely linked to the purpose ‘as the world changes, we make it easier to be tryg’. Tryg focuses on activities related to human and labour rights, climate and the environment as well as anti-corruption, and is ac...
104
annual_report
PowszechnyZakladUbezpieczenSA-AR_2016
3,409
PZU shall change, or in the case of facts or events that shall affect such operations or plans of PZU, unless such an obligation to inform resulted from applicable provisions of the law.
33
annual_report
SwissReAG-AR_1986
359
At the North American Reinsurance Corporation, New York, the gross premiums in the year under report rose by 15.1% to US$ 850.8 million. All branches register growth except for Credit, Surety and Marine reinsurance where the volume remained stable. The share of Property busi­ ness remained unchanged at almost 50%, whil...
197
annual_report
nl_ing_grp-AR_2014
272
Three key trends are having a major impact on ING and its competitors. First, our revenue and profitability are linked with the economic environment. Second, the financial services sector is subject to increasing regulatory scrutiny. Third, digitisation and changing customer behaviour are reframing our markets. In comb...
58
annual_report
376
244
As of December 31, 1996, 17.3% of the bond portfolio represented U.S. Government and government agency bonds and 12.6% represented foreign government bonds. Of the remainder, 57.4% were rated Aaa or Aa by Moody's, an additional 12.0% were also rated investment grade or better by Moody's or similar foreign or domestic s...
81
10K
NatwestGroupPLC-AR_2012
5,383
Assets Valuation basis/technique Main assumptions (2) Loans and advances Proprietary model credit spreads, indices Debt securities RMBS Industry standard model prepayment rates, probability of default, loss severity and yield, recovery rates CMBS Proprietary model prepayment rates, probability of default, loss severity...
97
annual_report
de_allianz-AR_2010
104
In order to exercise its functions efficiently, the Super­ visory Board has set up an Audit Committee, a Standing Committee, a Personnel Committee, a Risk Committee and a Nomination Committee. The committees prepare the discussion and adoption of resolutions in the plenary session. Furthermore, in appropriate cases, th...
97
annual_report
PhoenixGroupHoldingsPLC-AR_2019
3,758
G10. Lease Liabilities The operating lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the Group’s incremental borrowing rate as the interest rate implicit in the lease cannot be readily determined. For leases classified as fina...
141
annual_report
3185
1,333
On August 2, 2006, White Mountains Re sold one of its subsidiaries, Sirius America, to an investor group for $139 million in cash. As part of the transaction, White Mountains acquired an equity interest of approximately 18% in the acquiring entity by investing $32 million into the investor group.
49
10K