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SwissLifeHoldingAG-AR_2005 | 2,428 | Financial assets available for sale totalling CHF 7604 million and CHF 7476 million were reclassified to financial assets at fair value through profit or loss and to loans, respectively. The reclassification of financial assets available for sale to loans led to an adjustment to gains/losses recognised directly in equity totalling CHF 406 million. | 53 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2017 | 2,112 | IK US Portfolio Invest ZWEI Verwaltungs-GmbH, Düsseldorf 100.0000 Jogszerviz Kft, Budapest 100.0000 Junos Verwaltungs GmbH, Munich 100.0000 JUSTIS GmbH, Etoy 100.0000 K & P Objekt Hamburg Hamburger Straße GmbH, Düsseldorf 100.0000 K & P Objekt Hamburg Hamburger Straße Immobilienfonds GmbH & Co. KG, Düsseldorf4 36.6889 K & P Objekt München Hufelandstraße GmbH i. L., Düsseldorf 100.0000 KQV Solarpark Franken 1 GmbH & Co. KG, Düsseldorf 100.0000 Kuik & Partners Credit Management BVBA, Brussels 98.9000 Larus Vermögensverwaltungsgesellschaft mbH, Munich 100.0000 Legal Net GmbH, Munich 100.0000 Leggle B.V., Amsterdam 100.0000 m:editerran Power S.a.s. di welivit Solar Italia S.r.l., Bolzano 100.0000 Marbury Agency Inc., Amelia, Ohio 100.0000 MAYFAIR Financing GmbH, Munich 100.0000 MAYFAIR Holding GmbH i. L., Düsseldorf 100.0000 MEAG Center House S.A., Brussels 100.0000 MEAG Dividende (A+I Tranche), Munich4 88.9010 MEAG EM Rent Nachhaltigkeit (A+I Tranche), Munich4 98.7465 MEAG FlexConcept – EuroGrowth, Luxembourg4 100.0000 MEAG GlobalRent (A+I Tranche), Munich4 99.6325 MEAG Hong Kong Limited, Hong Kong4 100.0000 MEAG Luxembourg S.à r.l., Luxembourg4 100.0000 MEAG MultiSmart (A+I), Munich4 61.1256 MEAG Osteuropa A, Munich4 40.4926 MEAG Pension Rent, Munich4 100.0000 MEAG Pension Safe, Munich4 100.0000 MEAG Real Estate Erste Beteiligungsgesellschaft mbH i. L., Munich4 100.0000 MEAG RealReturn Inhaber-Anteile A, Munich4 47.5162 MEAG Short-Term High Yield, Munich4 100.0000 MEAG Vermögensanlage Komfort, Munich4 49.2109 MEAG Vermögensanlage Return (A+I Tranche), Munich4 72.7201 Mediastream Consulting GmbH, Grünwald 100.0000 Mediastream Dritte Film GmbH i. L., Grünwald 100.0000 Mediastream Film GmbH, Grünwald 100.0000 Mediastream Zweite Film GmbH, Grünwald 100.0000 MedNet Bahrain W.L.L., Manama 100.0000 MedNet Egypt LLC, Cairo 100.0000 MedNet Europa GmbH, Munich 100.0000 MedNet Global Healthcare Solutions LLC, Dubai 100.0000 MedNet Greece S.A., Athens 78.1419 MedNet International Ltd., Nicosia 100.0000 Mednet Jordan Co. W.L.L., Amman 100.0000 MedNet Saudi Arabia LLC, Riyadh 100.0000 MedNet UAE FZ LLC, Dubai 100.0000 MEGA 4 Management GmbH i. L., Düsseldorf 100.0000 MEGA 4 Treuhand GmbH, Düsseldorf 100.0000 miCura Pflegedienste Berlin GmbH, Berlin 100.0000 miCura Pflegedienste Bremen GmbH, Bremen 100.0000 | 315 | annual_report |
HelvetiaHoldingAG-AR_2019 | 1,220 | Profit or loss before tax 47.1 27.9 52.7 37.3 41.9 44.7 44.2 39.4 0.0 – 185.9 149.3 | 17 | annual_report |
NatixisSA-AR_2010 | 270 | Natixis has confirmed almost €400 million in potential NBI synergies by 2013 under its “network synergies” plan, more than half of which are set to come from Specialized Financial Services. | 30 | annual_report |
4356 | 1,927 | foreign currency option contracts and foreign exchange forward contracts which are included in net foreign exchange gains and losses in the Consolidated Statements of Operations. Margin balances required by counterparties, which are equal to a percentage of the total value of open futures contracts, are included in cash and cash equivalents. | 51 | 10K |
NNGroupNV-AR_2018 | 675 | We have an open and constructive dialogue with the investment community with the aim of providing a full and clear understanding of NN Group to the market, and at the same time receiving valuable feedback from our shareholders and bondholders. | 40 | annual_report |
SwissReAG-AR_2018 | 4,072 | On the basis of the work performed, we consider the methods and assumptions used by management to be reasonable. | 19 | annual_report |
DirectLineInsuranceGroupPLC-AR_2017 | 174 | • These changes will give rise to opportunities and challenges for motor insurers. Access to data from connected cars may present a significant opportunity for insurers to evolve their products | 30 | annual_report |
2721 | 1,066 | On February 24, 2005, Central Reserve received approval from the Ohio Department of Insurance to pay an extraordinary dividend to Ceres Group. Accordingly, we made a $2.9 million tax free distribution from the PSA and reduced the corresponding tax contingency reserve by $1.0 million in 2005. | 46 | 10K |
2261 | 368 | In February of 2004, CNA entered into a definitive agreement to sell its individual life insurance business to Swiss Re Life & Health America Inc. (Swiss Re) for approximately $690 million. The business sold includes term, universal and permanent life insurance policies and individual annuity products. The transaction is expected to be completed on or before March 31, 2004, subject to certain customary closing conditions and regulatory approvals. See Note T of the Consolidated Financial Statements included under Item 8 for further information. | 83 | 10K |
4154 | 324 | Amortization of DAC decreased $92 million or 63% to $53 million for the year ended December 31, 2010 compared to $145 million in the prior year. Amortization of DAC in 2010 included a benefit of $358 million from updating valuation assumptions and model changes compared to a benefit of $119 million in the prior year. DAC amortization in 2010 included a benefit of $35 million due to market impacts, including a $4 million benefit offsetting higher variable annuity guaranteed benefit expenses. The decrease also includes a $17 million decrease as a result of the implementation of changes to the PN program. DAC amortization in 2009 included a benefit of $139 million due to market impacts, including a $113 million benefit offsetting higher variable annuity guaranteed living benefit expenses. | 128 | 10K |
4269 | 904 | The Company’s PBM businesses contract with pharmaceutical manufacturers, some of whom provide rebates based on use of the manufacturers’ products by its PBM businesses’ affiliated and non-affiliated clients. The Company accrues rebates as they are earned by its clients on a monthly basis based on the terms of the applicable contracts, historical data and current estimates. The PBM businesses bill these rebates to the manufacturers on a monthly or quarterly basis depending on the contractual terms. The PBM businesses record rebates attributable to affiliated clients as a reduction to medical costs. Rebates attributable to non-affiliated clients are accrued as rebates receivable and a reduction of cost of products sold with a corresponding payable for the amounts of the rebates to be remitted to non-affiliated clients in accordance with their contracts and recorded in the Consolidated Statements of Operations as a reduction of Product Revenue. The Company generally receives rebates between two to five months after billing. | 156 | 10K |
4456 | 726 | During the first quarter of 2011, 302,180 non-qualified stock options were granted under the 2007 Plan to eligible participants at a price of $24.41. During 2011, 38,631 options were exercised under the plans at prices ranging from $11.38 to $20.68. A summary of the activity under Employers Mutual’s stock option plans for 2011, 2010 and 2009 is as follows: | 59 | 10K |
3015 | 807 | To the extent a hurricane similar in force and following similar paths of Hurricane Katrina or Rita were to occur in 2007, the Company's gross losses would be substantially less than in 2005 given the reductions in coverages provided by the Company in the Gulf of Mexico but the net loss would be substantially greater given the reduced availability of excess of loss reinsurance protection for such exposures coupled with the increased cost of excess of loss reinstatement premiums. | 79 | 10K |
fr_axa-AR_2003 | 1,814 | – For non-participating life insurance contracts, as well as for Property & Casualty contracts, fair values of liabilities | 18 | annual_report |
5636 | 1,186 | Deferred tax assets are recognized to the extent that there is sufficient positive evidence, as allowed under the Accounting Standard Codification Topic 740 ("ASC 740"), Income Taxes, to support the recoverability of those deferred tax assets. The Company establishes a valuation allowance to the extent that there is insufficient evidence to support the recoverability of the deferred tax asset under ASC 740. In making such a determination, management considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax planning strategies, and results of recent operations. If it is determined that the deferred tax assets would be realizable in the future in excess of their net recorded amount, an adjustment would be made to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. | 137 | 10K |
SwissReAG-AR_2002 | 547 | Mr Farr joined Swiss Re’s Board of Directors in November 1996. His mandate was renewed in 2000 for a further four-year period. He has been managing partner of Muirhead Holdings LLC., Greenwich, CT, since 1998. Prior to that he was vice chairman of American Express Company, New York, from 1995 until his retirement in 1998. Before 1995, Mr Farr was a director of McKinsey &. Co., New York. Mr Farr serves also as chairman of the board of directors of Covanta Energy, New York, and as a director of Misys plc, London, and Meridian Rail Company, New York. | 98 | annual_report |
AvivaPLC-AR_2000 | 830 | Earned premiums, net of reinsurance 176 297 3,007 2,615 Allocated investment return transferred from the non-technical account 55 69 417 380 Claims incurred, net of reinsurance (173) (256) (3,025) (1,973) | 30 | annual_report |
2677 | 314 | This MD&A contains certain statements relating to future results which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. See "Information Concerning Forward-looking Statements" in Part 1, Item 1 of this report on pages 18 to 20. | 45 | 10K |
788 | 209 | The current year's provision for loss and loss adjustment expense, which is based upon policyholder exposure, expected frequency of losses, and severity of losses, was fairly stable for the years 1997, 1996 and 1995. The loss and loss adjustment expenses reflected in the consolidated financial statements, and shown in the Reconciliation of Liability for Loss and Loss Adjustment Expense as total incurred loss and loss adjustment expense, include adjustments of prior years' estimates. | 73 | 10K |
AssicurazioniGeneraliSpA-AR_2019 | 3,023 | The difference between the ultimate cost of claims and the cumulative paid losses for calendar year 2019 constitutes the claim reserve for accident years 2010 to 2019. The reserve reported in the balance sheet also includes a residual claim reserve that is composed almost exclusively by the accident years not reported in the development triangle. | 55 | annual_report |
2274 | 642 | The reinsurance markets for several accident and health risks, most notably involving workers' compensation carve-out and personal accident business, have been quite volatile over the past several years. Certain programs are alleged to have been inappropriately underwritten by third party managers, and some of the reinsurers and retrocessionaires involved have alleged material misrepresentation and non-disclosures by the underwriting managers. In particular, over the past several years a number of disputes have arisen in the accident and health reinsurance markets with respect to London market personal accident excess of loss ("LMX") reinsurance programs that involved alleged "manufactured" claims spirals designed to transfer claims losses to higher-level reinsurance layers. The Company is currently a party to arbitrations that involve some of these LMX reinsurance programs. Additionally, while RGA did not underwrite workers' compensation carve-out business directly, it did offer certain indirect high-level common account coverages to other reinsurers and retrocessionaires, which could result in exposure to workers' compensation carve-out risks. The Company and other involved reinsurers and retrocessionaires have raised substantial defenses upon which to contest claims arising from these coverages, including defenses based upon the failure of the ceding company to disclose the existence of manufactured claims spirals, inappropriate or unauthorized underwriting procedures, etc. As a result, there have been a significant number of claims for rescission, arbitration, and litigation among a number of the parties involved in these various coverages. This has had the effect of significantly slowing the reporting of claims between parties, as the various outcomes of a series of arbitrations and similar actions affects the extent to which higher level reinsurers and retrocessionaires may ultimately have exposure to claims. | 272 | 10K |
AvivaPLC-AR_2015 | 2,159 | The Committee may make awards on hiring an external candidate to ‘buyout’ remuneration arrangements forfeited on leaving a previous employer. In doing so, the Committee would take account of relevant factors including any performance conditions attached to these awards, the form in which it was paid (e.g. cash or shares) and the timeframe of awards. The Committee considers that a buyout award is a significant investment in human capital by Aviva, and any buyout decision will involve careful consideration of the contribution that is expected from the individual. Buyout awards would be awarded on a “like for like“ basis compared to remuneration being forfeited, and would be capped to reflect the value being forfeited. | 114 | annual_report |
fr_axa-AR_2014 | 7,644 | Black & Scholes option pricing model. The effect of expected early exercise is taken into account through the use of an expected life assumption based on historical data. AXA SA | 30 | annual_report |
5660 | 866 | We pledge collateral to, and have collateral pledged to us by, counterparties in connection with our derivatives. At December 31, 2019 and 2018, we had received pledged cash collateral from counterparties of $5.3 billion and $4.1 billion, respectively. At December 31, 2019 and 2018, we had pledged cash collateral to counterparties of $0 and $1 million, respectively. See Note 8 of the Notes to the Consolidated Financial Statements for additional information about collateral pledged to us and collateral we pledge. | 80 | 10K |
PosteItalianeSpA-AR_2016 | 6,748 | The standard method(126), as defined by EU Regulation 575/2013, is used by BancoPosta to measure credit and counterparty risks. The method entails the use of Standard & Poor’s, Moody’s and Fitch for the computation of counterparty credit rating classes. | 39 | annual_report |
3053 | 1,049 | The Company’s investment objective is to optimize long-term, after-tax returns while emphasizing the preservation of capital by maintaining high quality investments with adequate liquidity. The Company’s investment policies limit the amount of credit exposure to any one issuer. The fixed-maturity portfolio consists of high quality (average rating Aa) taxable and tax-exempt investments of diversified maturities. Other investments primarily comprise equity investments, including those accounted for under the equity method in accordance with APB 18 and highly rated perpetual securities that bear interest and are callable by the issuer. | 88 | 10K |
4517 | 1,258 | We measure our Western Region Operations reportable segment profitability based on medical care ratio (“MCR”) and pretax income. The MCR is calculated as health plan services expense divided by health plan services premiums. The pretax income is calculated as health plan services premiums and administrative services fees and other income less health plan services expense and G&A and other net expenses. See “-Results of Operations-Western Region Operations Reportable Segment-Western Region Operations Segment Results” for a calculation of MCR and pretax income. | 81 | 10K |
BeazleyPLC-AR_2018 | 505 | Intangible assets Intangible assets consist of goodwill on acquisitions of $62.0m (2017: $62.0m), purchased syndicate capacity of $10.7m (2017: $10.7m), US admitted licences of $9.3m (2017: $9.3m), renewal rights of $25.2m (2017: $35.2m) and capitalised expenditure on IT projects of $19.3m (2017: $16.3m). | 43 | annual_report |
1367 | 483 | The $7.0 million revolving credit agreement has a maturity of 364 days, with a Commitment Fee of .25% per annum on the unused portion. | 24 | 10K |
3878 | 4,034 | In 2008, AIG made revisions to the presentation of assets and liabilities of unconsolidated VIEs to remove previously disclosed equity investments in entities that do not meet the criteria of a VIE as defined in FIN 46R. The investments are classified on the consolidated balance sheet as other invested assets. Accordingly, AIG revised the prior period presented to conform to the revised presentation. | 63 | 10K |
ScorSE-AR_2017 | 1,375 | The following table presents the aggregate gross compensation in respect of financial years 2017, 2016 and 2015 due and paid to the members of the Executive Committee (including and excluding the executive corporate officer): In EUR Amount due Amount paid Amount due Amount paid Amount due Amount paid | 48 | annual_report |
5894 | 417 | The $2,206,594 decrease in revenues from Annuity Operations for the year ended December 31, 2020 is due to the following: | 20 | 10K |
5602 | 12,300 | The following table presents the amortized cost or cost and fair value of our available for sale securities(a): | 18 | 10K |
4759 | 714 | In the first quarter of 2013, IHC’s ownership in AMIC increased to 80.6% as a result of AMIC’s share repurchases. In October 2013, IHC further increased its ownership of AMIC to 90.0% with the acquisition of 762,640 shares of AMIC common stock as a result of a public tender offer for such shares; | 53 | 10K |
AvivaPLC-AR_2020 | 194 | 5.1 million People helped through £54.5 million of community investment in 2020 | 12 | annual_report |
5529 | 1,206 | We have audited the accompanying consolidated balance sheets of Selective Insurance Group, Inc. and subsidiaries (the Company) as of December 31, 2018 and 2017, the related consolidated statements of income, comprehensive income, stockholders’ equity, and cash flows for each of the years in the three-year period ended December 31, 2018, and the related notes and financial statement schedules I to V (collectively, the consolidated financial statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2018 and 2017, and the results of its operations and its cash flows for each of the years in the three-year period ended December 31, 2018, in conformity with U.S. generally accepted accounting principles. | 123 | 10K |
AegonNV-AR_2012 | 3,238 | it is performed at the level of the portfolio of contracts. To the extent that the tests involve discounting of future cash flows, the interest rate applied is based on market rates or is based on management’s expectation of the future return on investments. These future returns on investments take into account management’s best estimate related to the actual investments and, where applicable, reinvestments of these investments at maturity. In the event expected investment returns on actual assets held are not considered in the discounting of future cash flows, the fair value of the assets carried at amortized cost is considered in determining any liability adequacy surplus or deficit. | 109 | annual_report |
4989 | 2,071 | Certain of our domestic insurance subsidiaries are members of a regional FHLB. During the years ended December 31, 2014, 2013 and 2012, we issued $13.9 billion, $11.5 billion and $17.4 billion, respectively, and repaid $14.0 billion, $11.8 billion and $14.8 billion, respectively, under funding agreements with certain regional FHLBs. At both December 31, 2014 and 2013, total obligations outstanding under these funding agreements were $15.0 billion. See Note 4 of the Notes to the Consolidated Financial Statements. | 77 | 10K |
Sampoplc-AR_2001 | 1,086 | Sampo Bank Group and Sampo Credit plc. The assets of Sampo Pank in Estonia, | 14 | annual_report |
5785 | 958 | The Company leases certain office space under non-cancelable operating leases, with initial terms typically ranging from one to fifteen years, along with options that permit renewals for additional periods. The Company also leases certain equipment under non-cancelable operating leases, with initial terms typically ranging from one to five years. Minimum rent is expensed on a straight-line basis over the term of the lease. See Note 2, “Summary of Accounting Policies and Accounting Changes” under sub-caption “Adoption of New Accounting of New Accounting Guidance - Guidance Adopted in 2019” for additional information regarding the accounting for leases. | 96 | 10K |
4095 | 1,505 | The $331 million of benefits in 2009 relating to the quarterly market performance adjustments shown in the table above are attributable to changes to our estimate of total gross profits to reflect actual fund performance in 2009. The following table shows the actual quarterly rate of return on variable annuity account values for each of the quarters in 2009 compared to our previously expected quarterly rate of return used in our estimate of total gross profits. | 76 | 10K |
RSAInsuranceGroupPLC-AR_2020 | 2,469 | Notes to the consolidated income statement, consolidated statement of comprehensive income and dividends 9) Segmental information The Group’s primary operating segments comprise Scandinavia, Canada, UK & International and Central Functions, which is consistent with how the Group is managed. The primary operating segments are based on geography and are all engaged in providing personal and commercial general insurance services. Central Functions include the Group’s internal reinsurance function and Group Corporate Centre. | 71 | annual_report |
4006 | 1,894 | The CMS risk adjustment model pays more for Medicare members with predictably higher costs. Diagnosis data from inpatient and ambulatory treatment settings are used to calculate the risk adjusted premium payment to us. We collect claims and encounter data and submit the necessary diagnosis data to CMS within prescribed deadlines. We estimate risk adjustments to revenues based upon the diagnosis data submitted to CMS and ultimately accepted by CMS, and record such adjustments in our results of operations. However, due to the variability of the assumptions that we use in our estimates, the actual results may differ from the amounts that management estimated. If our estimates are materially incorrect, it may have an adverse effect on our results of operations in future periods. Historically, we have not experienced significant differences between the amounts that we have recorded and the revenues that we actually received. The claims and encounter data submitted to CMS to determine our risk-adjusted premium are subject to audit by CMS subsequent to the annual settlement. | 168 | 10K |
NatixisSA-AR_2009 | 4,438 | The table lists the assets obtained by taking possession of guarantees: it shows the type and carrying amount of such assets (securities, buildings, etc.), recognized after calling on guarantees or leveraging other forms of credit enhancement (e.g. surety ). | 39 | annual_report |
INGGroepNV-AR_2017 | 1,040 | Sustainability ratings ING Group’s approach to sustainability is shaped by our specific skills and expertise as a financial company, our vision of the future and the expectations of our stakeholders. Reviews of our performance by sustainability research and rating agencies help us to improve our strategy and policies. ING’s 2017 scores and rankings in key sustainability benchmarks show our progress and are as follows: Important dates in 20181 23 April 2018 Annual General Meeting 25 April² Ex-date for final dividend 2017 (Euronext Amsterdam) 26 April² Record date for final dividend 2017 entitlement (NYSE) 26 April² Record date for final dividend 2017 entitlement | 102 | annual_report |
4370 | 2,596 | (d)Corporate debt/CLOs include $1.2 billion and $1.3 billion in net notional amount of credit default swaps written on the super senior tranches of CLOs at December 31, 2011 and December 31, 2010, respectively. | 33 | 10K |
AvivaPLC-AR_2008 | 4,189 | (363.6)c Basic (pence per share) (290.9)p 63.8p (363.6)c Diluted (pence per share) (290.9)p 63.2p | 14 | annual_report |
5810 | 2,347 | The total intrinsic value of performance share awards vested was $8.7 million, $17.6 million and $21.5 million during 2020, 2019 and 2018, respectively. | 23 | 10K |
HiscoxLtd-AR_2007 | 690 | The consolidated financial statements also reflect the early adoption of IFRS 8Operating Segments from that date. IFRS 8 is a disclosure standard concerning the designation and presentation of operating segment information and therefore has no impact on the reported primary financial statements or financial position of theGroup. Four IFRIC interpretations became effective for financial reporting purposes during the year under review, however their adoption has not resulted in any changes to theGroup’s stated accounting policies. | 75 | annual_report |
AvivaPLC-AR_2020 | 1,957 | • Reviewed the Risk and Internal Audit 2020 Performance Opinion in relation to remuneration Discussed and approved the overall maximum bonus pool available to senior managers for the 2020 performance year, taking into account metrics on culture and risk as well as on financial performance | 45 | annual_report |
5672 | 686 | The fair value of these earnout obligations is based on the present value of the expected future payments to be made to the sellers of the acquired entities in accordance with the provisions outlined in the respective purchase agreements, which is a Level 3 fair value measurement. In determining fair value, we estimate the acquired entity’s future performance using financial projections developed by management for the acquired entity and market participant assumptions that were derived for revenue growth and/or profitability. We estimate future payments using the earnout formula and performance targets specified in each purchase agreement and these financial projections. We then discount these payments to present value using a risk-adjusted rate that takes into consideration market-based rates of return that reflect the ability of the acquired entity to achieve the targets. Changes in financial projections, market participant assumptions for revenue growth and/or profitability, or the risk-adjusted discount rate, would result in a change in the fair value of recorded earnout obligations. See Note 3 to our 2019 consolidated financial statements for additional discussion on our 2019 business combinations. | 179 | 10K |
Sampoplc-AR_2011 | 304 | Sampo Group / Annual Report 2011 Corporate Governance / Board-Appointed Committees | 11 | annual_report |
4977 | 1,161 | Investment income (loss) includes amounts for trading and FVO securities of $23 million, $43 million and $77 million for the years ended December 31, 2014, 2013 and 2012, respectively. | 29 | 10K |
4708 | 397 | As expected, both EMEA A/P and Legal Settlement Administration's operating earnings declined in 2013 compared to 2012, reflecting the expected decline in revenues from two special projects. EMEA A/P completed the handling of claims resulting from the 2011 Thailand flooding, while Legal Settlement Administration had lower revenue from the Deepwater Horizon special project. Operating earnings in 2012 compared to 2011 were higher in both segments due to these special projects. | 70 | 10K |
INGGroepNV-AR_2014 | 4,085 | 50 Contingent liabilities and commitments In the normal course of business ING Group is party in activities whose risks are not reflected in whole or in part in the consolidated financial statements. In response to the needs of its customers, the Group offers financial products related to loans. These products include traditional off-balance sheet credit-related financial instruments. | 57 | annual_report |
1884 | 993 | In the provider track case, the plaintiffs assert that we and other defendants improperly paid providers’ claims and “downcoded” their claims by paying lesser amounts than they submitted. The complaint alleges, among other things, multiple violations under RICO as well as various breaches of contract and violations of regulations governing the timeliness of claim payments. We moved to dismiss the provider track complaint on September 8, 2000, and the other defendants filed similar motions thereafter. On March 2, 2001, the Court dismissed certain of the plaintiffs’ claims pursuant to the defendants’ several motions to dismiss. However, the Court allowed the plaintiffs to attempt to correct the deficiencies in their complaint with an amended pleading with respect to all of the allegations except a claim under the federal Medicare regulations, which was dismissed with prejudice. The Court also left undisturbed the plaintiffs’ claims for breach of contract. On March 26, 2001, the plaintiffs filed their amended complaint, which, among other things, added four state or county medical associations as additional plaintiffs. Two of those, the Denton County Medical Society and the Texas Medical Association, purport to bring their actions against us, as well as against several other defendant companies. The Medical Association of Georgia and the California Medical Association purport to bring their actions against various other defendant companies. The associations seek injunctive relief only. The defendants filed a motion to dismiss the amended complaint on April 30, 2001. | 238 | 10K |
1753 | 175 | Gallagher's effective income tax rates were 11.7%, 30.5% and 34.5% in 2001, 2000 and 1999, respectively. These rates are net of the effect of tax credits generated by investments in alternative energy related partnerships that operate synthetic fuel facilities and limited partnerships that operate qualified affordable housing, which are partially offset by state and foreign taxes. The reduction in the effective income tax rate in 2001 from the prior year is due to a $23.4 million increase in tax credits earned, net of amortization expense in 2001. This increase in the amount of tax credits earned was generated from Gallagher's alternative energy related partnerships. See Note 13 to the Consolidated Financial Statements. As a result of these sales of interests in alternative energy facilities, Gallagher expects its income tax rate to increase to a more normalized level in 2002. | 139 | 10K |
de_allianz-AR_2003 | 745 | Line that answers their questions on Allianz and the Allianz share 24 hours a day, seven days a week. Altogether, the investor relations team answered around 5,000 inquiries from private investors. | 31 | annual_report |
NatwestGroupPLC-AR_2013 | 407 | Our customers rightly demand that we are competitive, in every setting and in every sector. We currently carry the cost base of a global financial services group when in fact we are now largely a UK–based bank. Our operating model means our customers and shareholders end up paying for parts of the business that cost too much and deliver too little in their interests. | 64 | annual_report |
4472 | 1,578 | Derivative instruments that are used as part of the Company’s interest rate risk management strategy include interest rate swaps, interest rate futures, and interest rate caps. The Company’s inflation risk management strategy involves the use of swaps that requires the Company to pay a fixed rate and receive a floating rate that is based on changes in the Consumer Price Index (“CPI”). | 62 | 10K |
BaloiseHoldingLtd-AR_2004 | 743 | Deposit fund liabilities arising from reinsurance 281.7 269.0 205.1 451.5 403.7 | 11 | annual_report |
5694 | 1,091 | The state laws of Florida, Hawaii and New York permit an insurer to pay dividends or make distributions out of that part of statutory surplus derived from net operating profit and net realized capital gains. The state laws further provide calculations to determine the amount of dividends or distributions that can be made without the prior approval of the insurance regulatory authorities in those states and the amount of dividends or distributions that would require prior approval of the insurance regulatory authorities in those states. Statutory RBC requirements may further restrict our insurance subsidiaries’ ability to pay dividends or make distributions if the amount of the intended dividend or distribution would cause statutory surplus to fall below minimum RBC requirements. | 120 | 10K |
4501 | 1,140 | The Company is required to pay a commitment fee of between 0.45% and 0.60% (based upon the Company's leverage ratio) on the unused portion of the Facility. The purpose of the line is for working capital and acquisitions. Interest on the line of credit is payable monthly. The Company's obligations under the Facility are guaranteed by substantially all of its domestic subsidiaries, other than South Bay and the regulated insurance subsidiaries. Under the Facility, the Company may not assign, sell, transfer or dispose of any collateral or effect certain changes to its capital structure and the capital structure of its subsidiaries without the Agent's prior consent. The Company's obligations under the Facility may be accelerated or the commitments terminated upon the occurrence of an event of default under the Facility, including payment defaults, defaults in the performance of affirmative and negative covenants, the inaccuracy of representations or warranties, bankruptcy and insolvency related defaults, cross defaults to other material indebtedness, defaults arising in connection with changes in control and other customary events of default. The following is a summary of the Company's more significant financial covenants related to the Facility at: | 190 | 10K |
5559 | 1,514 | For the period of June 1, 2018 to December 31, 2018 (Successor Company) and January 1, 2018 to May 31, 2018 (Predecessor Company), the Company incurred no losses on derivative instruments due to counterparty default. | 35 | 10K |
fr_axa-AR_2010 | 3,924 | Executive compensation includes a fi xed and a variable component. The fi xed component is targeted to beat the median of the market. The variable component is linked, with different weightings according to the level of responsibility, to | 38 | annual_report |
5011 | 951 | For investments: exposure to market risk, credit quality/experience, total return, net investment income, cash flows, realized capital gains and losses, unrealized capital gains and losses, stability of long-term returns, and asset and liability duration. | 34 | 10K |
StandardLifeAberdeenPLC-AR_2015 | 2,588 | • Future expected cash flows on non-participating contracts are not recognised as an asset of the HWPF. However, future expected cash flows on non-participating contracts that are not recourse cash flows under the Scheme are used to adjust the value of participating insurance and participating investment contract liabilities. | 48 | annual_report |
fr_axa-AR_2005 | 4,082 | (d) In 2001, the claims reserve of AXA RE were adversely affected by the September 11 attacks. (e) In 2004, the companies AXA Corporate Solution Insurance US, AXA RE P&C Insurance company and AXA RE P&C Reinsurance company were transferred from AXA RE to the Other transnational activities. The reserves of AXA Corporate Solution Insurance US were presented on an occuring year basis and included in Property & Casualty loss reserve development table (excluding AXA RE). The reserves of AXA RE P&C Insurance company and AXA RE Reinsurance company were presented on an underwriting year basis and included in AXA RE loss reserve development table. | 105 | annual_report |
3867 | 840 | The following table summarizes the composition of the Company’s total reserves for disability, accident and property and casualty claims and claim expenses, split between case and IBNR reserves, as of December 31, 2008 (dollars in millions): | 36 | 10K |
417 | 104 | A summary of the quarterly results of operations for the years ended December 31, 1996, and December 31, 1995, is incorporated by reference from the Annual Report to Shareholders on page 69 of this report. | 35 | 10K |
SwissReAG-AR_2020 | 1,901 | Conditional and authorised capital in particular Conditional capital for Equity-Linked Financing Instruments The conditional capital of Swiss Re Ltd as of 31 December 2020 amounts to CHF 5 000 000, permitting the issuance of a maximum of 50 000 000 registered shares, payable in full, each with a nominal value of CHF 0.10, corresponding to 15.74% of the existing share capital. | 61 | annual_report |
3249 | 1,586 | Item 8, Note 26 to the Consolidated Financial Statements, “Statutory Financial Data”, for further discussion. No assurance can be given that the Company or its subsidiaries will be permitted to pay dividends in the future. | 35 | 10K |
4150 | 632 | Asset backed securities (“ABS”) - As of December 31, 2010, gross unrealized losses related to asset backed securities were $0.08 million. Of this amount, $0.06 million has been in an unrealized loss position for twelve months or greater. These securities are rated investment grade. The weighted average credit enhancement for the Company’s asset backed portfolio is 30.2. The Company’s investment manager analyzes every ABS transaction on a stand-alone basis. This analysis involves a thorough review of the collateral, prepayment, and structural risk in each transaction. Additionally, their analysis includes an in-depth credit analysis of the originator and servicer of the collateral. The Company’s investment manager projects an expected loss for a deal given a set of assumptions specific to the asset type. These assumptions are used to calculate at what level of losses that the deal will incur a dollar of loss. The major assumptions used to calculate this ratio are loss severities, recovery lags, and no advances on principal and interest. | 162 | 10K |
ch_zurich_insurance_group-AR_2016 | 2,029 | ROE increased by 5.4 percentage points to 11.8 percent, largely due to the increase in net income attributable to shareholders. BOPAT ROE increased by 5.2 percentage points to 11.6 percent as a result of the increase in business operating profit. Diluted earnings per share in Swiss francs increased by 77 percent to CHF 21.04 compared with CHF 11.86 in 2015. Diluted earnings per share in U.S. dollars increased by 73 percent to USD 21.36 compared with USD 12.33 in 2015. | 80 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008 | 1,434 | – The vested benefi ts are a proportion of the occupational pension, based on the ratio of actual service with the Company to the period the Board member would have worked for the Company altogether until 65th birthday | 38 | annual_report |
ScorSE-AR_2020 | 760 | MAIN POSITION • Chief Executive Officer of Aémagroup (following the merger between Macif and Aésio Mutuelle) (France) | 17 | annual_report |
2094 | 317 | At June 30, 2001, OmniCare-TN was licensed in and served Shelby and Davidson Counties in Tennessee (which include the cities of Memphis and Nashville, respectively). Effective July 1, 2001, OmniCare-TN received approval from TennCare to expand its service area to western Tennessee and to withdraw from Davidson County. Additionally, a significant competitor of OmniCare-TN ceased doing business in October 2001, and TennCare assigned approximately 40,000 of that failed plan's members to OmniCare-TN on February 15, 2002. As of October 1, | 80 | 10K |
4118 | 1,443 | Premiums written increased in 2009, but approximately $10 million of the increase relates to two-year policies for which the second term amount is not due to be received until 2010. | 30 | 10K |
5259 | 1,412 | Our total energy-related exposures approximated $195.4 million (approximately 5% of invested assets) at December 31, 2016. Our energy-related debt securities at December 31, 2016 included investments of $130.6 million (of which approximately $24.5 million is below investment grade). We believe investments in the energy sector could have the most volatility and potential for future impairments based upon petroleum and petroleum product prices. At December 31, 2016, approximately 99% of our energy-related debt securities were rated; the average rating was BBB+. In addition, we held a $23.7 million investment in a mid-stream focused energy infrastructure limited partnership, which was impaired by $3.1 million during 2016, $40.8 million of energy related, dividend-paying blue chip stocks and MLPs and $0.4 million of other energy related investments. We will continue to monitor developments within the energy sector and the credit risk associated with energy companies within our investment portfolio using publicly available financial and rating agency data. | 153 | 10K |
566 | 224 | Net cash used in financing activities increased $862.4 million, or 437.9%, to $665.5 million in 1996. This decrease in cash was primarily due to the $500.0 million of proceeds received in 1995 as a result of the issuance of the QUIPS. In addition, cash decreased between years due to the repayment of $200.0 million of 8.25% Notes Payable in July 1996 and the fact that cash dividends paid to B.A.T increased $179.7 million, from $285.2 million in 1995 to $464.9 million in 1996. | 83 | 10K |
BaloiseHoldingLtd-AR_2006 | 3,554 | The relevant risks in the nonlife domain are: natural disasters, major industrial risks, liability risks and personal injury risks. The insurance business as a whole is regularly reviewed with extensive analyses. The results of these analyses are applied in establishing reserves, setting rates and designing insurance products and reinsurance contracts. In the nonlife domain, particular studies have been carried out in recent years in relation to natural disaster risks, some in cooperation with reinsurers, to determine exposure and the necessary level of risk transfer. | 84 | annual_report |
AssicurazioniGeneraliSpA-AR_2016 | 1,889 | Deferred tax assets are measured at the tax rates that are expected to be applied in the year when the asset is realized, based on information available at the reporting date 159 We, Generali Our performace OutlookRisk Report Appendices to the Management Report | 43 | annual_report |
4163 | 835 | for the impact of unrealized gains (losses) in the same manner as the deferred acquisition costs described below. We expect to amortize approximately 13 percent of the December 31, 2010 balance of the present value of future profits inforce in 2011, 11 percent in 2012, 10 percent in 2013, 8 percent in 2014 and 7 percent in 2015. | 58 | 10K |
de_allianz-AR_2007 | 1,360 | The primary property-casualty products sold in these countries are mandatory motor third-party liability and motor own damage coverage as well as industrial, commercial and private property lines. In 2007, we continued to expand our life/health product range and sales capacity throughout New Europe by following a multi-channel distribution approach, and sell both unit-linked and traditional life insurance products. Following the 2006 launch of a limited-edition index-linked life insurance product, we have continued expanding offerings of investment-oriented products. Our Hungarian insurer, Allianz Hungária Biztositó Rt., is transforming into an integrated financial services provider operating under an “assurbanking” model. | 97 | annual_report |
1888 | 445 | The Company reviews its marketable investments each quarter to determine if there have been declines in their value that in management's opinion are other-than-temporary. These reviews can involve qualitative and quantitative information relating to an individual company or industry and general factors impacting the economy. However, due to wide market fluctuations occurring during the past two years, determining whether declines are temporary has become much more complex and judgmental. These reviews resulted in the recognition of impairment losses on equity securities totaling $754,000 during 2002 ($141,000, $315,000, $250,000 and $48,000 for the first through fourth quarters, respectively). In addition, $501,000 of impairment losses were recognized on fixed maturities during 2002 ($133,000, $88,000, and $280,000 during the second, third, and fourth quarters, respectively). During 2002, equity securities were sold which contained impairment writedowns of $1,531,000. | 134 | 10K |
AegonNV-AR_2001 | 375 | On general account life products, AEGON carries the investment risk and earns a spread (difference between investment performance and crediting rates to customers) | 23 | annual_report |
4680 | 1,364 | The Company began purchasing discounted commercial mortgage loans in 2009. Management has extensive background and experience in the analysis and valuation of commercial real estate. The discounted loans are available through the FDIC's sale of assets of closed banks and from banks wanting to reduce their loan portfolios. The loans are available on a loan by loan bid process. Once a loan has been acquired, contact is made with the appropriate individuals to begin a dialog with a goal of determining the borrower's willingness to work together. There are generally three paths a discounted loan will take: the borrowers pay as required; a settlement is reached with the loan being paid off at a discounted value; or the loan is foreclosed. | 121 | 10K |
Sampoplc-AR_2010 | 1,397 | The amendment to IAS 32 Financial Instruments: Presentation - Classification of Rights Issues (effective for annual periods beginning on 1 Feb. 2010 or after) addresses the accounting for rights, options or warrants that are denominated in a currency other than the functional currency of the issuer. The Group estimates that the change will have no influence on the Group's financial statements reporting. | 62 | annual_report |
BeazleyPLC-AR_2019 | 279 | Market conditions affecting the division’s two largest lines of business – cyber insurance and D&O liability insurance – were very different. The cyber market continues to grow and, although competition has been intensifying, claims have not been as heavy as in lines such as D&O that have borne the brunt of social inflation. We saw rates remain stable across our cyber book compared with rate rises for US D&O business of 30%. | 72 | annual_report |
1346 | 319 | The Company's operations have not proven to be significantly seasonal, though as with many companies in the software business, the fourth quarter historically tends to be the strongest quarter annually. Quarterly revenues and net income can be expected to vary at times. This is attributable principally to the timing of customers entering into license agreements with the Company. The Company is unable to control the timing of these decisions. | 69 | 10K |
5797 | 2,358 | At December 31, 2019 and 2018, the Company held $2.1 billion and $2.4 billion, respectively, in pledged assets in support of insurance and reinsurance liabilities as well as to collateralize the Company’s secured credit facilities and investment derivatives. Included within total pledged assets, the Company held $6.4 million and $5.5 million, respectively, in deposits with U.S. regulatory authorities. | 58 | 10K |
4378 | 1,218 | As of December 31, 2011, future minimum annual lease payments, net of sublease income, under all non-cancelable operating leases were as follows: | 22 | 10K |
fr_axa-AR_2006 | 4,731 | – Buyouts of minority interests for which the Group holds an unconditional commitment and changes in value of related puttable instruments. Entries balancing these movements are recorded under goodwill. | 29 | annual_report |
5414 | 540 | (1) “Gulf” is comprised of Hawaii, Louisiana and Texas; “Northeast” is comprised of Connecticut, Massachusetts, New Jersey, New York and Rhode Island; and “Southeast” is comprised of Georgia, North Carolina and South Carolina. | 33 | 10K |
4464 | 652 | company claim reviews, changes in policy terms and coverage (such as client loss retention levels and occurrence and aggregate policy limits), changes in loss trends and changes in legal trends that result in unanticipated losses, as well as other sources of statistical variability. Collectively, these factors influence the selection of the expected loss emergence patterns. | 55 | 10K |
NatwestGroupPLC-AR_2013 | 1,992 | Survey, particularly in Europe, ranking #1 in the Netherlands, #2 in the UK and #2 in Western Europe. International Banking improved on last year’s performance in APAC, achieving a #8 ranking, and retained a #9 ranking in North America and a #6 ranking globally. | 44 | annual_report |
AssicurazioniGeneraliSpA-AR_2015 | 1,949 | Further information on the process used to determine assumptions affecting the above mentioned items and the main risk factors are included in the paragraphs on accounting principles and in the risk report. | 32 | annual_report |
PhoenixGroupHoldingsPLC-AR_2019 | 4,368 | I1.2 Share-based payment schemes Long-Term Incentive Plan (‘LTIP’) The Group implemented a long-term incentive plan to retain and motivate its senior management group. The awards under this plan are in the form of nil-cost options to acquire an allocated number of ordinary shares. Following the scheme of arrangement on 12 December 2018, participants in the Old PGH LTIP plan had their outstanding awards automatically exchanged for equivalent awards over PGH plc ordinary shares. | 73 | annual_report |
5258 | 629 | The following table summarizes the changes in underwriting results from the prior year by the components of the increase (decrease) in underwriting income (loss) by line of business. The 2016 column presents changes in 2016 compared to 2015. The 2015 column presents changes in 2015 compared to 2014. | 48 | 10K |
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