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MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2003
915
The decrease in premium income is solely due to the loss of the business of Victoria Re, which in the previous year had been fully consolidated in the Europe 1 Division. After the termination of victoria Re’s operations, other divisions with the relevant regional responsibility now handle the business. We also terminat...
74
annual_report
ch_zurich_insurance_group-AR_2006
1,922
Zurich Financial Services Group · Annual Report 2006 · Financial Report 132 Embedded Value Report
15
annual_report
ASRNederlandNV-AR_2019
1,925
Shadow accounting is applied to unrealised value changes in fixed-income financial assets available for sale, specific financial assets designated at fair value through profit or loss, and specific derivatives (i.e. swaptions and interest rate and inflation rate swaps) that are backing the liabilities arising from insu...
109
annual_report
LloydsBankingGroupPLC-AR_2018
6,501
Net cash provided by (used in) operating activities 6,689 8,221 (7,550)
11
annual_report
INGGroepNV-AR_2003
105
The theme of this annual report is client focus. Clients come first and they are our top priority. Every day we work hard to be their first choice and live up to their expectations. Our 60 million clients count on us. Whether they need life insurance, investment funds, pension funds, a start-up loan for a one-man busin...
94
annual_report
2048
405
Based upon the significance of the second quarter 2001 reserve strengthening, the WTC event and restructuring and other related charges, the underwriting impact of these items is discussed in the aggregate in the following sections. When the Company discusses its 2001 underwriting results and ratios for its property an...
145
10K
Sampoplc-AR_2006
3,756
Healthier, more competent and more customer oriented than any other company and with first-class management.
15
annual_report
4023
1,166
This annual report does not include an attestation report of MLLICNY’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the MLLICNY’s registered public accounting firm pursuant to temporary rules of the Securities and Exchange C...
57
10K
StorebrandASA-AR_2007
491
Further information on Storebrand’s policies and procedures for corporate governance can be found in a separate article on pages 31–35.
20
annual_report
fr_axa-AR_2019
7,987
(€+122 million) due to the loss related to the expected disposal, and AXA Assistance (€+85 million) as a result of higher commissions from a change in business mix and higher investments to improve customer experience and simplification; ■ Asia (€+117 million) mainly in Japan (€+100 million) notably from higher acquisi...
60
annual_report
4230
2,018
Adjusted operating income generally excludes “Realized investment gains (losses), net,” subject to certain exceptions (realized investment gains or losses within certain of our businesses for which such gains or losses are a principal source of earnings and those associated with terminating hedges of foreign currency e...
56
10K
4824
1,226
Increasing interest rates resulted in a significant increase in the discount rates we use to value our respective plan’s benefit obligations at December 31, 2013 compared to December 31, 2012. As a result, the valuation of the benefit obligations has decreased, which has increased the funded status of those plans as di...
56
10K
4783
1,473
FASB issued guidance requires that when valuing an employee stock option under the Black-Scholes option pricing model, the fair value be based on the option’s expected term and expected volatility rather than the contractual term. The estimate of the fair value on the grant date should reflect the assumptions marketpla...
116
10K
NatwestGroupPLC-AR_2017
4,809
While the outcome of these Matters is inherently uncertain, the directors believe that, based on the information available to them, appropriate provisions have been made in respect of the Matters as at 31 December 2017 (refer to Note 20).
39
annual_report
fr_axa-AR_2018
1,047
APE remained stable at €456 million. On a comparable basis, APE increased by €23 million (+5%) driven by higher sales in G/A Savings (€+23 million) mainly due to the successful launch of a new product in 1Q18, and Health (€+6 million) from Group business, partly off set by lower sales in Unit-Linked (€-4 million).
54
annual_report
5852
625
During the year ended December 31, 2020, AFS fixed maturities with fair values of $103 million were transferred out of Level 3 and into Level 2 principally due to the availability of trading activity and/or market observable inputs to measure and validate their fair values. In addition, AFS fixed maturities with fair v...
82
10K
StorebrandASA-AR_2019
180
Climate Risk and Opportunity In developing our climate strategy, we have considered both how we affect climate change as well as how to avoid or mitigate being negatively affected by climate change and climate policy.
35
annual_report
CNPAssurancesSA-AR_2005
616
In all, we sold 492,000 individual pension contracts in 2004, representing premiums of €260 million. The total includes 308,000 Perps sold by the network (including Solésio Préfon contracts sold by the Post Office network), generating €85 million in premiums. The marketing strategy for these products, mainly targeting ...
89
annual_report
2216
1,012
Emergence of newly reported claims-Our Health Care book of business was put into runoff at the end of 2001 and our outstanding exposure rapidly dropped, as expected. Since the majority of coverage we offered was on a claims-made basis, and notification of the claim must be made within the policy period, the potential f...
87
10K
3124
824
Earned premiums decreased to $15.4 million for the year ended December 31, 2006 as compared to $70.8 million and $101.3 million for the same periods in 2005 and 2004, respectively. The decrease in earned premiums is the result of the decrease in gross written premiums due to the sale of the renewal rights in 2005. Earn...
91
10K
1817
739
For purpose of pro forma disclosures, the estimated fair value of the options is amortized into expense over the options’ vesting period. Our pro forma information for the years ended December 31, 2001, 2000 and 1999 follows (amounts in thousands, except per share data):
44
10K
NatixisSA-AR_2009
8,254
Chairman of the Board of Directors of BRED Banque Populaire Chairman: Association Banque Populaire pour la Coopération et le Développement, International Offi ce – Forum francophone des affaires Member of the Supervisory Board: Natixis Chairman of the Supervisory Board: Banque Populaire Asset Management Chairman of the...
97
annual_report
1265
358
The analysis assumes that the composition of the Company's interest rate sensitive assets and liabilities existing at the beginning of the period remains constant over the period being measured and also assumes that a particular change in interest rates is reflected uniformly across the yield curve regardless of the ti...
141
10K
AegonNV-AR_2017
2,002
Solvency II ratio as at December 31, 2017: Scenario Group US NL UK
13
annual_report
3243
3,399
On July 1, 2005, the Holding Company completed the acquisition of The Travelers Insurance Company, excluding certain assets, most significantly, Primerica, from Citigroup Inc. (“Citigroup”), and substantially all of Citigroup’s international insurance businesses (collectively, “Travelers”), for $12.1 billion. The resul...
198
10K
2351
2,449
The International segment had $10.0 million and $15.8 million of net adverse prior period reserve adjustments for the years ended December 31, 2004 and 2003, respectively. The adverse prior period reserve adjustments in 2004 related primarily to 2003 Canadian property catastrophe, international and Asia business. The p...
73
10K
2074
989
On April 13, 2001, the Company entered into a Commitment Letter with BIG pursuant to which BIG agreed to advance to the Company, beginning June 1, 2001, up to $1.5 million per month as a prepayment of service fees due by BIG and its affiliates under their service agreements with the Company. Such advances were availabl...
123
10K
5755
1,473
The goodwill balance is primarily attributed to Armada's assembled workforce and access to the supplemental healthcare insurance market, and additional synergies to be realized in the future. The goodwill recognized is expected to be deductible for income tax purposes in the future. The contingent consideration is paya...
249
10K
HiscoxLtd-AR_2014
1,943
On 14 February 2014 the Group disposed of its 25% holding in Barta & Partner – Versicherungsmaklergesellschaft m.b.H, for €500,000. The investment previously had been fully impaired.
27
annual_report
194
317
Interest credited to policyholders includes interest credited to universal life and annuity account balances, and the interest accretion inherent in reserve increases on traditional life insurance policies determined based on standard actuarial valuation rates. Interest credited increased 20.9% from $136.8 million in 1...
61
10K
3242
493
We intend for the discussion of our financial condition and results of operations that follows to assist in the understanding of our financial statements and related changes in certain key items in those financial statements from year to year, and the primary factors that accounted for those changes, as well as how cer...
62
10K
5042
1,785
There were 5,663,974 shares available for future grants under the Omnibus Plan as of December 31, 2015.
17
10K
5061
1,668
Basic earnings per common share are calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding. The weighted average number of common shares excludes any dilutive effect of outstanding options and convertible securities such as unvested restricted shar...
50
10K
4911
2,608
Premiums and deposits - Retirement and - Life include direct and assumed amounts received on traditional life insurance policies, group benefit policies and deposits on life-contingent payout annuities, as well as deposits received on universal life, investment-type annuity contracts and mutual funds.
42
10K
3410
1,101
The provision for unpaid losses and loss adjustment expenses includes: individual case estimates, principally on the basis of reports received from claim adjusters employed by Proformance, losses reported prior to the close of the period, and estimates with respect to incurred but not reported losses and loss adjustmen...
105
10K
5788
946
Other operating expenses increased by $1 million, or 5.9%, in 2019. The timing of premium flows and the level of costs associated with the entrance into and development of new markets in the Asia Pacific Financial Solutions segment causes other operating expenses to fluctuate over periods of time.
48
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011
1,145
our long-term target of a 15% return on our risk-adjusted capital (rorac) after tax across the capital-market and insurance cycle applies unchanged, but it will be difficult to achieve given the current low-interest-rate environment. as soon as the requirements of solvency ii and the new iFrss for insurance contracts a...
75
annual_report
3949
490
The unrealized losses related to holdings of equity securities were caused by market changes that the Company considers to be temporary. Since the Company has the intent and ability to hold these equity securities until a recovery of fair value, the Company does not consider these investments other-than-temporarily imp...
53
10K
INGGroepNV-AR_2014
6,179
As rating agencies continue to evaluate the financial services industry, it is possible that rating agencies will heighten the level of scrutiny that they apply to financial institutions, increase the frequency and scope of their credit reviews, request additional information from the companies that they rate and poten...
155
annual_report
NatwestGroupPLC-AR_2014
5,944
The ERF sets RBS’s appetite for non-traded market risk and approves appropriate risk limits as recommended by the Director of Market Risk and the ALCo. Further information on the process and the limit framework can be found on pages 196 to 205.
42
annual_report
BeazleyPLC-AR_2018
2,169
www.beazley.com174 Beazley Annual report 2018 16 Financial assets and liabilities continued The following table shows the fair values of financial assets and financial liabilities, including their levels in the fair value hierarchy.
32
annual_report
de_allianz-AR_2011
4,076
F r A n z h e i S S employee, Allianz Beratungs- und Vertriebs-Ag membership in other statutory supervisory boards and Se administrative boards in germany membership in group bodies Allianz Deutschland Ag
34
annual_report
2589
1,370
A purported class action has been filed against Metropolitan Property and Casualty Insurance Company in Montana. This suit alleges breach of contract and bad faith for not aggregating medical payment and uninsured coverages provided in connection with the several vehicles identified in insureds' motor vehicle policies....
62
10K
4098
1,901
International. Policyholder account balances are held largely for fixed income retirement and savings plans in the Latin America region and to a lesser degree, amounts for separate account type funds in certain countries in the Latin America, Asia Pacific and EMEI regions that do not meet the U.S. GAAP definition of se...
151
10K
2124
791
The consolidated financial statements include the accounts of MGIC Investment Corporation and its majority-owned subsidiaries. All intercompany transactions have been eliminated. The Company’s 45.9% investment in Credit-Based Asset Servicing and Securitization LLC (“C-BASS”) and 41.5% investment in Sherman Financial Gr...
75
10K
4466
4,189
$1 billion limit in excess of a $2.25 billion retention, 1 reinstatement
12
10K
2925
1,020
(ii) Mortality and surrender rates are based upon actual experience by geographical area modified to allow for variations in policy form. The weighted average lapse rate, including surrenders, for individual and group life approximated 7.9 percent.
36
10K
StandardLifeAberdeenPLC-AR_2014
486
Hong Kong manage their money on the go • UK customers can apply for an ISA in less than five minutes, buy a pension or consolidate existing pension plans.
29
annual_report
PowszechnyZakladUbezpieczenSA-AR_2015
2,544
North Carolina at Charlotte. He is a graduate of the Academy of Leadership Psychology and the School of Mentors operating as a part of the School of Business of the Warsaw University of Technology. Lawyer in Warsaw since 2002. Author and co-author of several law books and dozens of articles published in Rzeczpospolita,...
73
annual_report
INGGroepNV-AR_2007
1,747
Premiums earned during the year –5,701 –5,929 –326 –377 –6,027 –6,306 Exchange rate differences 15 –245 –10 –22 5 –267 Other changes 33 –15 –30 –42 3 –57
28
annual_report
ch_zurich_insurance_group-AR_2008
2,024
Redeemable in whole or in part at par plus any accumulated and unpaid distributions.
14
annual_report
2251
763
The following discussion reflects the adoption of Statement of Position (SOP) 00-3, "Accounting by Insurance Enterprises for Demutualizations and Formation of Mutual Insurance Holding Companies and Certain Long-Duration Participating Contracts" for all periods subsequent to the adoption of the closed block on February ...
176
10K
3679
2,839
(1) Repayment of $3.5 billion of our non-recourse funding obligations requires regulatory approval.
13
10K
TrygAS-AR_2010
697
With respect to property risks, major events in 2011 are protected by catastrophe reinsurance of DKK 5.5bn with a maximum retention of DKK 100m. The primary risk of oneoff events is storm, and the level of cover has been defined using simulation models to the effect that protection would statistically be inadequate les...
58
annual_report
5321
1,586
As a result of our annual assumption review, changes were made to economic, policyholder behavior, mortality and other assumptions. The most significant impacts were in the MetLife Holdings segment and are summarized as follows:
34
10K
BaloiseHoldingLtd-AR_2017
170
NON-LIFE DIVISION: GOOD GROWTH AND CONTINUED HIGH PROFITABILITY The non-life division saw a further rise in the volume of premiums (in Swiss francs) of 2.8 per cent. With increases of 0.7 per cent in Switzerland, 5.5 per cent in Belgium, 3.6 per cent in Germany and 5.0 per cent in Luxembourg, the total volume came to C...
178
annual_report
TrygAS-AR_2005
1,930
Transactions with related parties also comprise rental income with premises being let to a member of management on market terms.
20
annual_report
NatixisSA-AR_2009
4,410
FINANCIAL DATA 6 Consolidated fi nancial statements and notes // Notes to the consolidated accounts 6.8.3 - INSURANCE ACCRUAL ACCOUNTS
20
annual_report
160
219
The financial statements of the Registrant are set forth in Part IV hereof and are incorporated herein by reference.
19
10K
4173
1,041
For the years ended December 31, 2010 and 2009, a net unrealized loss of $1,201 and a net unrealized gain of $8,578, respectively, was recorded to accumulated other comprehensive income as a result of changes in fair value for investments classified as available-for-sale.
43
10K
GjensidigeForsikringASA-AR_2012
107
The Nordic segment includes the Group’s operations in the Danish and Swedish private and commercial markets. In addition Gjensidige has a leading position in the Scandinavian municipal market. Gjensidige has a scalable business model in the Nordics.
37
annual_report
2512
672
Total assets increased to $672 million at December 31, 2004, a 17% growth over the same date in 2003, primarily the result of growth in invested assets. Total liabilities increased to $235 million at December 31, 2004, from $206 million in 2003, primarily driven by an increase in deferred tax liabilities. This section ...
144
10K
45
624
the fiscal years ended December 31, 1993 and 1992, respectively. This was
12
10K
3607
2,167
Group Benefits has a block of financial institution business that is experience rated. This business comprised approximately 9-10% of the segment’s 2007, 2006 and 2005 premiums and other considerations (excluding buyouts) respectively, and, on average, 4% to 5% of the segment’s 2007, 2006 and 2005 net income.
47
10K
5385
1,390
(4) Includes federal excise tax of $862 relating to cessions from Personal Lines to Reinsurance Operations.
16
10K
AssicurazioniGeneraliSpA-AR_2019
1,029
Life premiums grew by 7.2%, thanks to the contribution of all the business lines. Solid growth was seen in the unit-linked products (+7.4%) and protection products (+3.3%), in line with the Group’s strategic initiatives. The savings premiums went up 11.6% in both the single premium component, following the trend of the...
176
annual_report
ScorSE-AR_2010
3,913
Daniel Havis Yes Yes Yes Yes Yes Yes No Yes No
11
annual_report
4064
575
Notwithstanding these concerns, we believe that our agency distribution strategy, our broad product offerings, the strength of our growing specialty businesses, disruptions in the marketplace which may result in improved pricing and new business, the relatively inelastic demand for insurance products and our capital po...
64
10K
NatwestGroupPLC-AR_2013
2,057
Analysis of income by product Mortgages and home equity 716 856 744 458 540 463
15
annual_report
4502
1,121
The grant-date fair values of time-based restricted stock awards are determined using the closing price of Kemper common stock on the date of grant. The grant date fair values of the performance-based restricted stock awards are determined using the Monte Carlo simulation method.
43
10K
gb_prudential-AR_2005
3,710
The additions of £151 million (2004: £537 million) relate to additions to the PAC with-profits fund venture holdings in which the Group has a controlling interest. All goodwill additions relate to the UK and the long-term business segments. Additional details on the acquisitions are provided in note I6.
48
annual_report
HannoverRueckSE-AR_2010
1,520
M an ag em en t re p or t for orderly performance of their tasks and that the Supervisory
20
annual_report
GjensidigeForsikringASA-AR_2015
461
Gjensidige’s internal control systems include the Company’s core values and guidelines for ethics and social re sponsibility. A dedicated ethics suggestion box
22
annual_report
gb_prudential-AR_2016
5,275
THMI, Inc. Ordinary shares 75.80% Prentice-Hall Corporation, 2711 Centerville Road, Suite 400, Wilmington, DE 19808, USA
16
annual_report
de_allianz-AR_2015
1,893
CLaiMs aND iNsuraNCe BeNefits iNCurreD These expenses consist of claims and insurance benefits incurred during the period, including benefit claims in excess of policy account balances and interest credited to policy account balances. Furthermore, it includes claim handling costs that are directly related to the proces...
59
annual_report
ScorSE-AR_2016
4,221
REpORT OF THE CHAIRMAN OF THE BOARD OF DIRECTORS Internal control and risk management procedures < #A
17
annual_report
DirectLineInsuranceGroupPLC-AR_2016
789
 The infrastructure debt portfolio is made up of UK assets only, which are purchased via the secondary market post the construction phase of the project concerned. The portfolio is weighted heavily towards social infrastructure with 89% of the year-end portfolio invested in projects across this sector (36% in healthca...
57
annual_report
3607
2,556
Over the past ten years, reserve re-estimates for total Property & Casualty ranged from (1.3)% to 21.5%. Before the reserve strengthening for asbestos and environmental reserves, over the past ten years reserve re-estimates for total Property & Casualty ranged from (3.0)% to 1.6%.
43
10K
4123
1,677
•Recorded realized losses of $25.0 million, which included a charge of $17.4 million for the other-than-temporary impairment of investment securities, compared to realized losses of $59.7 million, including $59.8 million of OTTI recorded in 2008.
35
10K
4702
1,077
Amounts added to policyholder account balances for fixed index products represent a guaranteed minimum rate of return and a higher potential return that is based on a percentage (the “participation rate”) of the amount of increase in the value of a particular index, such as the S&P 500 Index, over a specified period. S...
128
10K
3992
8,223
Decrease in assumption by five months for the anticipated date liquidity will return to this market
16
10K
3209
788
We experienced strong growth in earned premiums in both 2006 and 2005 due to increases in net premium written in both years. Direct premium written is comprised of premium written for both Primary and Modified Pool business. Our growth in total direct premiums written in 2006 and 2005 was the result of the growth of ou...
162
10K
1657
3,134
actively manages its cash and cash equivalents position to maintain optimal
11
10K
BeazleyPLC-AR_2019
790
Further analysis and reporting is taking place across different parts of the business, and will be a growing area of focus for the group in 2020. As well as the 2019 General Insurance Stress Tests, which for the first time included climate change scenarios, our architects and engineers professional liability team is co...
96
annual_report
gb_lloyds_banking_grp-AR_2011
2,558
Within the Commercial Real estate portfolio, over 90 per cent of the portfolio is now impaired. the average impairment coverage ratio has increased in the year to 63 per cent (52 per cent 31 December 2010) reflecting the continued deteriorating irish economic conditions and irish commercial property market.
48
annual_report
HannoverRueckSE-AR_2006
1,257
• 34.7% of our recoverables from reinsurance business are secured by deposits or letters of credit. What is more, for the majority of our retrocessionaires we also function as reinsurer, meaning that in principle recoverables can potentially be set off against our own liabilities.
44
annual_report
4143
6,293
Our tax expense related to continuing operations increased by $227.3 million to $109.1 million in 2009 from a tax benefit of $118.2 million in 2008. In 2009, we increased the valuation allowance on the net deferred tax asset by $168.4 million after intraperiod accounting. The amount of the valuation allowance was deter...
82
10K
4885
983
Earnings per diluted share of $6.51, an increase of 47.1% over prior year
13
10K
4530
1,105
The Company has exposure to credit, liquidity and market risks which arise from the normal course of the Company's business. This note presents information about the Company's exposure to each of these risks, the Company's objectives, policies and processes for measuring and managing risk, and the Company's management ...
60
10K
GjensidigeForsikringASA-AR_2018
1,143
Insurance risk The risk in individual insurance contracts is the probability of an insurance event occurring, and uncertainty concerning the size of the subsequent compensation amount. The insurance risk relating to special types of major risks or exposure is managed through authorisations and lines of reporting for or...
92
annual_report
TrygAS-AR_2007
1,150
This policy defines a number of specific climate goals for the Group in 2008, including a 10% reduction in the
20
annual_report
HannoverRueckSE-AR_2011
99
2.9 billion in the year under review – or 11.5 percent – to EUR 28.3 billion. We were thus again able to substantially increase the value of your company and the financial strength of Hannover Re in 2011. None of this would have been possible without the outstanding contribution made by all our staff, to whom I would l...
77
annual_report
NatixisSA-AR_2005
2,858
Net income attributable to equity holders of the parent 213 142 199NATEXIS BANQUES POPULAIRES
14
annual_report
3940
829
The $5.4 million of equity impairments in 2008 include Fannie Mae and Freddie Mac preferred stock holdings ($4.6 million) and mark-to-market writedowns on various other equity holdings.
27
10K
AssicurazioniGeneraliSpA-AR_2017
2,586
1. Provision for unearned premiums 58 124,702 2. Provision for claims outstanding 59 733,252 3. Provision for profit sharing and premium refunds 60 0 carried forward 19,899,600 206 Assicurazioni Generali Management Report and Parent Company Financial Statements 2017
38
annual_report
2830
685
We are organized as a holding company. All of our operations are conducted by our insurance subsidiaries, which underwrite the risks associated with our insurance policies, and our non-insurance subsidiaries, which provide our policyholders and our insurance subsidiaries a variety of services related to the insurance p...
95
10K
894
613
Premium revenue increased $40.2 million to $694.5 million in 1998 from $654.3 million in 1997. As described below, components of premium revenue were affected by shifts in product mix, rate increases and other factors; and as a result, such changes may not be indicative of future periods. The company will continue to s...
108
10K
1535
355
Option information regarding the Directors Plan for the years ending December 31, 2000, 1999 and 1998 follows:
17
10K
fr_axa-AR_2017
788
Net income increased by €15 million (+12%) to €140 million mainly driven by higher adjusted earnings and lower restructuring costs, partly off set by an unfavorable change in the fair value of foreign exchange derivatives not eligible to hedge accounting.
40
annual_report
4907
1,128
Costs related to software developed for internal use are primarily related to the Company’s website, internal support systems, and proprietary billing and claims systems. Costs are capitalized during the application development stage of the project and amortized on a straight-line basis over the estimated useful lives ...
63
10K