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3604
1,400
In September 2006, the FASB issued SFAS No. 157, Fair Value Measurements. This statement establishes a common definition for fair value to be applied to U.S. GAAP guidance requiring the use of fair value. It also outlines the framework for measuring fair value and expands disclosure about fair value measurements. In Fe...
277
10K
SwissLifeHoldingAG-AR_2003
1,108
Other operating and administrative expenses –144 –185 –85 –128 –38 17 –563
12
annual_report
5183
927
Inventories consist of manufactured goods and goods acquired for resale. Manufactured inventory costs include raw materials, direct and indirect labor and factory overhead. Inventories are stated at the lower of cost or market. As of December 31, 2015, approximately 49% of our consolidated inventory cost was determined...
104
10K
1833
185
As discussed under the reinsurance section of Item 1 of this Form 10-K, the renewal of Midwest Medical's reinsurance agreement resulted in a rate change effective January 1, 2002. The flat, ceded premium rate increased to 9.75% from 8.75%. Although the terrorist attacks of September 11 did not impact the Company direct...
87
10K
5642
562
General and administrative expenses decreased by $15,650,000, or 19.1%, to $66,112,000 for the year ended December 31, 2018, from $81,762,000 for the year ended December 31, 2017, primarily due to higher amortization costs related to the merger with AmCo incurred during the last three quarters of 2017 of approximately ...
63
10K
2239
745
The Company markets guaranteed investment contracts (GICs) to 401(k) and other qualified retirement savings plans, and fixed and floating rate funding agreements to the trustees of municipal bond proceeds, institutional investors, bank trust departments, and money market funds. Through its registered funding agreement-...
212
10K
TrygAS-AR_2012
1,230
Gross claims ratio 7.6 127.0 78.8 71.7 90.8 91.8 Combined ratio 138.0 256.0 92.7 87.7 102.7 98.1
17
annual_report
fr_axa-AR_2016
933
EMEA-LATAM Region (€+41 million) mainly from Turkey as a result of both higher interest rates and average asset base, and (ii) Germany (€+15 million) mainly due to higher private equity dividends, partly offset by (iii) Belgium (€-24 million)
38
annual_report
AvivaPLC-AR_2020
3,404
Unrealised gains and losses on financial investments classified as fair value through profit or loss, recognised in the income statement in the year, were a net loss of £3,841 million (2019: £18,398 million net gain). Of this net loss, £4,079 million net loss (2019: £17,920 million net gain) related to investments desi...
73
annual_report
3266
775
The Company conducts reinsurance business in Canada through RGA Canada, a wholly-owned subsidiary. RGA Canada assists clients with capital management and mortality risk management, and is primarily engaged in traditional individual life reinsurance, as well as creditor reinsurance, group life and health reinsurance and...
48
10K
4945
820
The Company regularly reviews its investment portfolio for factors that may indicate that a decline in the fair value of an investment is other-than-temporary. Losses arising from other-than-temporary declines in fair value are reported in the Consolidated Statements of Income in the period that the declines are determ...
80
10K
de_allianz-AR_2012
2,637
otHer liaBilities Other liabilities include payables, unearned income, provisions, deposits retained for reinsurance ceded, derivative financial instruments used for hedging that meet the criteria for hedge accounting, firm commitments, financial liabilities for puttable equity instruments and other liabilities. These ...
45
annual_report
5264
1,016
Our warrant liability increased to $3.4 million at December 31, 2016 from $1.5 million at December 31, 2015, as a result of an increase in our stock price during 2016, from $6.77 at December 31, 2015 to $10.65 at December 31, 2016.
42
10K
PhoenixGroupHoldingsPLC-AR_2016
467
– £373 million for the acquisition of AXA Wealth’s pensions and protection businesses.
13
annual_report
5327
3,474
Total minimum rentals to be received in the future under non-cancelable subleases were $374 million as of December 31, 2016.
20
10K
PosteItalianeSpA-AR_2019
9,049
Pursuant to art. 154-bis of Legislative Decree 58/1998, in 2019, the Board of Statutory
14
annual_report
StorebrandASA-AR_2008
925
The group reported a result for the year before tax of minus NOK 1,716 million in 2008 compared to NOK 2,029 million in 2007.
24
annual_report
fr_axa-AR_2009
10,836
Mr. Henri de Castries devotes substantially all of his professional time to management of the AXA Group: he holds no directorships outside the AXA Group other than directorships on non-profi t organizations (Fondation Nationale des Sciences Politiques,
37
annual_report
3874
2,343
The yen based fixed annuity product is written by HLIKK and ceded to the Company. The underlying investment involves investing in U.S. securities markets, which offer favorable credit spreads. The yen denominated fixed annuity product (“yen fixed annuities”) assumed is recorded in the consolidated balance sheets with i...
65
10K
2995
492
The Company’s consolidated net cash flow provided by operating activities was $124.2 million, $70.0 million and $108.0 million for 2006, 2005 and 2004, respectively. The increase in net cash flow provided by operating activities in 2006 primarily relates to higher premiums received and lower loss payments. The decrease...
74
10K
2527
953
See Note 20-“Subsequent Events” to our Consolidated Financial Statements in Part II, Item 8 of this report.
17
10K
5364
850
Income before income taxes attributable to Aetna for Health Care decreased $119 million in 2017 compared to 2016, primarily due to a $231 million pre-tax expense related to estimated future guaranty fund assessments as a result of Penn Treaty Network America Insurance Company and one of its subsidiaries (collectively, ...
68
10K
3736
1,695
General. Our revenue consists primarily of (i) premium revenue we generate from our managed care business, (ii) administrative service fees we receive for administrative services provided to self-insured employers (ASO), (iii) premiums we generate from our life insurance and property and casualty insurance businesses a...
48
10K
CNPAssurancesSA-AR_2011
71
Our international operations also helped to make us more resilient than other insurers.
13
annual_report
3697
265
At December 31, 2008, the Company’s available-for-sale fixed maturities had a fair value of $18,207,905 and amortized cost of $18,203,764 compared to a fair value of $628,570 and an amortized cost of $627,167 at December 31, 2007. This portfolio is reported at fair value with unrealized gains and losses, net of applica...
80
10K
fr_axa-AR_2010
422
Mediterranean & Latin American Region (c) 553 497 91 79 of which Australia and New Zealand 283 269 44 38 of which Hong Kong 159 123 114 78 of which Central & Eastern Europe 274 168 56 34
38
annual_report
HiscoxLtd-AR_2016
1,939
The Board has declared a final dividend of 19p per share to be paid on 20 June 2017 to shareholders on the register at 12 May 2017, taking the total ordinary dividend per share for the year to 27.5p (2015: 40.0p).
41
annual_report
5835
1,860
A summary of credit loss activity by asset class, the significant inputs and the methodology used to estimate credit losses are described below.
23
10K
5104
812
extensive regulation and changes in law or regulation by governmental authorities
11
10K
2609
411
Year Ended December 31, ------------------------ 2004 2003 ------- ------- (in thousands)
11
10K
3748
723
Notes to Consolidated Financial Statements - December 31, 2008 and 2007
11
10K
fr_axa-AR_2000
2,360
shareholders may also delegate to the Management Board the powers required to effect any decrease in share capital previously authorized by them. Such a decision is subject to the prior authorization of the Supervisory Board.
35
annual_report
RaiffeisenBankInternationalAG-AR_2008
1,897
Land and buildings used by the Group for own purposes 495,908 505,255
12
annual_report
4923
1,528
Our Divested Operations and Services reportable segment was closed out effective January 1, 2013 as discussed below.
17
10K
PhoenixGroupHoldingsPLC-AR_2009
1,445
Actual return less expected return on scheme assets 23 – Experience gain arising on scheme liabilities 18 – Gain due to changes in assumptions underlying scheme liabilities 35 – Actuarial gain 76 –
33
annual_report
5332
656
Benefit expense ratio represents benefit expense as a percentage of premium revenue. Premiums for the years ended December 31, 2016, 2015 and 2014 were $78,860.1, $73,385.1 and $68,389.8, respectively. Premiums are included in total operating revenue presented above.
38
10K
5167
452
Net gains on investments, before taxes, totaled $14.9 million in 2014 compared to net gains on investments of $23.5 million during 2013. The 2014 results were once again heavily influenced by direct trading results with gains of $7.9 million in 2014 compared to gains of $13.6 million in 2013. In addition, limited partn...
224
10K
5663
1,427
Individual Life. Results for 2019 decreased in comparison to 2018, primarily reflecting unfavorable comparative net impacts from our annual reviews and update of assumptions and other refinements.
27
10K
3965
724
Loss or Expense Development (Chain Ladder): This method uses actual loss or defense and cost containment expense data and the historical development profiles on older accident periods to project more recent, less developed periods to their ultimate position. This method is appropriate when there is a relatively stable ...
62
10K
5213
1,487
The determination of fair value for financial instruments categorized in Level 2 or 3 involves significant judgment due to the complexity of factors contributing to the valuation. Third-party sources from which we obtain independent market quotes also use assumptions, judgments and estimates in determining financial in...
113
10K
4883
1,455
Gross investment income is largely composed of interest, dividends, and other earnings on fixed maturity securities, equity securities, short-term investments, mortgage loans, real estate, and policy loans. Gross investment income decreased $4.0 million or 2% in 2014 and $5.8 million or 3% in 2013 compared to the same ...
138
10K
ScorSE-AR_2010
764
 Section 20.1.6 – Notes to the Consolidated Financial Statements – Note 3: Acquisitions for a description of the operations, of the relevant interim management balances and of the strategic economic assets of the main subsidiaries.
36
annual_report
3789
1,058
Gross paid losses for 2008 were $238 million compared to $101 million for 2007, an increase of 135%. The average paid loss was approximately $54,000 in 2008 compared to $37,000 in 2007. The increase in the average paid loss is primarily the result of a higher percentage of claims from the more recent vintage years and ...
136
10K
StandardLifeAberdeenPLC-AR_2015
513
New or changing regulations can create opportunities for our business but can also increase risk. Complying with new or changing regulations can increase our compliance costs, impact the profitability and demand for our propositions, or tie up resources which may restrict other developments that we have planned to supp...
52
annual_report
5472
1,494
Hurricane Irma caused significant damage in St. John and St. Thomas, while Hurricane Maria made landfall on St. Croix as a Category 4 hurricane on the Saffir-Simpson scale, causing loss of life and substantial damage to St. Croix’s businesses and infrastructure, including the power grid. The USVI is benefiting from the...
66
10K
INGGroepNV-AR_2020
2,738
Orange Code decision making model (introduced in 2017) that supports ethical and well-balanced decision-making throughout ING. This included frequent training by Compliance towards the first line.
26
annual_report
4808
3,575
•Mortgage and other loans receivable: Fair values of loans on real estate and other loans receivable were estimated for disclosure purposes using discounted cash flow calculations based on discount rates that we believe market participants would use in determining the price that they would pay for such assets. For cert...
71
10K
2510
1,518
[2] The “loss and loss expense paid ratio” represents the ratio of paid claims and claim adjustment expenses to earned premiums.
21
10K
1672
666
Triad's total statutory policyholders' surplus increased to $105.5 million at December 31, 2001, from $101.0 million at December 31, 2000. This increase resulted primarily from statutory net income of $55.4 million, offset by increases in the statutory contingency reserve of $43.0 million and the $2.6 million effect of...
127
10K
5493
5,038
The declaration, record and payment dates, as well as per share and aggregate dividend amounts, for the Series A, Series B and Series C preferred stock was as follows:
29
10K
4174
1,472
that meet the needs of employers and employees. However, until employment rates increase and payrolls expand, revenue growth will be challenged. We expect our dental business results to continue to improve due to pricing actions taken, but we expect life and disability loss experience to revert to more traditional leve...
84
10K
Sampoplc-AR_2015
1,067
MandaMandatum Liftum Lifee applies the Solvency II standard formula with transitional measures on equity. The OF is also affected by transitional measures, because Mandatum Life applies transitional measures on its technical provisions under Solvency II rules in regards to Mandatum Life’s original pension policies with...
96
annual_report
NatixisSA-AR_2019
499
The organization of the division into three business units reflect all the division's solutions, which cover the entire value chain from issuance, acquisition, e-payment, prepaid to processing: a Processing BU, covering mainly Electronic Banking and FlowsV processing activities; a Merchant Solutions BU, covering digita...
92
annual_report
gb_prudential-AR_2008
2,227
The projected cash flows are those expected to arise under the contracts such as those arising from premiums, claims and expenses after appropriate allowance for future lapse behaviour and mortality and morbidity experience. The cash flows also include the expected future cash flows on assets covering liabilities and e...
50
annual_report
3568
1,496
Includes the effect of an out of period UCITS adjustment in 2006, which increased net investment income by $237 million and operating income by $166 million.
26
10K
3152
2,749
Within the Company’s Asset Management segment, its commercial mortgage operations originate loans for sale, including through securitization transactions. The “Realized investment gains (losses), net” associated with these loans, including related derivative results and retained mortgage servicing rights, are a princip...
103
10K
5077
1,184
Benefits and expenses increased $863 million. Absent the $825 million net increase related to the impacts of certain changes in our estimated profitability of the business discussed above, benefits and expenses increased $38 million. General and administrative expenses, net of capitalization, increased $111 million, dr...
126
10K
NatixisSA-AR_2016
6,758
Reconciliation of the tax expense in the financial statements and the theoretical tax 7.9 expense
15
annual_report
5114
1,903
On January 23, 2015, we closed on the acquisition of HST, an Illinois-based healthcare insurance general agency. The Company paid approximately $15.0 million on the acquisition date and agreed to pay potential future earnout payments ("HST Contingent Payments") based on the overall profitability of HST and the business...
77
10K
5380
1,712
As of December 31, 2017 and 2016, the net liability fair value of derivative instruments with contingent features linked to Ambac’s own credit risk was $79,912 and $82,944, respectively, related to which Ambac had posted cash and securities as collateral with a fair value of $111,391 and $128,754, respectively. All suc...
143
10K
4532
1,103
We have audited the accompanying consolidated balance sheets of CNA Financial Corporation (an affiliate of Loews Corporation) and subsidiaries (the “Company”) as of December 31, 2012 and 2011, and the related consolidated statements of operations, comprehensive income (loss), cash flows, and stockholders' equity for ea...
272
10K
SwissReAG-AR_1993
802
- Burglary, Fidelity and Allied Lines insurance: Insur­ ance against burglary, breaking and entering, robbery, embezzlement; also includes water damage, glass breakage, damage to and loss of jewellery or damage or losses in connection with the keeping of animals.
39
annual_report
AvivaPLC-AR_2016
9,733
Liquidity risks relating to Aviva’s business Adverse capital and credit market conditions may adversely affect our financial flexibility in addressing liquidity needs, as well as access to and the cost of capital which could adversely affect our results of operations or financial condition. At Group level, we need some...
95
annual_report
1530
252
The combined ratio is a measurement of underwriting profit or loss and is the sum of the loss and LAE ratio, underwriting expense ratio and policyholders' dividend ratio. A combined ratio of less than 100% indicates an underwriting profit. Our combined ratio was 115.8% compared to 105.5% for 1999. The increase was prim...
148
10K
510
433
The remaining portion of the legal reserves relates to various claims and legal actions arising in the ordinary course of the Company's business.
23
10K
4722
2,010
During 2013, the Company did not engage in any such trading activities. However, for the year ended December 31, 2012 and 2011, the Company recorded realized (losses) gains from trading activities of $(1.6) million and $0.8 million respectively.
38
10K
BeazleyPLC-AR_2016
610
In summary, the board identifies risk, assesses risk and sets risk appetite. The business then implements a control environment which describes how the business should operate to stay within risk appetite. Risk management then reports to the board on how well the business is operating using a consolidated assurance rep...
116
annual_report
ch_zurich_insurance_group-AR_2008
1,228
in USD millions, as of December 31Liabilities and equity in USD millions, as of December 31Liabilities and equity
18
annual_report
NatwestGroupPLC-AR_2010
3,127
Awards granted to executive directors in 2011 will be capped at 375% of agreed salary.
15
annual_report
fr_axa-AR_2014
7,406
This was partly offset by the favorable impact from productivity programs in mature insurance markets.
15
annual_report
2924
1,640
The lawsuits described below are for the most part in very preliminary stages. The outcome of the matters is uncertain, and the Company is unable to estimate a range of reasonably possible losses. Unless indicated otherwise, reserves have not been established for these matters. An adverse outcome in one or more of thes...
111
10K
1763
146
As a result of the foregoing, a final distribution under the Plan of Liquidation cannot be made to the preferred shareholders until (i) the life subsidiary is sold, (ii) the Company has resolved its remaining litigation matters and (iii) a determination is made regarding the amount of any contingency fund distribution ...
58
10K
StandardLifeAberdeenPLC-AR_2020
3,232
Recognised in comprehensive income Recognised in profit for the year attributable to equity holders 833 266 Recognised in other comprehensive income
21
annual_report
4438
1,693
The percentages shown in the following table represent the linear interpolation of where our recorded loss and LAE reserves, net of reinsurance recoverables on unpaid losses, are within the range of reserves estimates by line of business at December 31, 2011 and 2010, where the low end of the range equals zero, the mid...
68
10K
AvivaPLC-AR_2000
1,090
None of the other participating interests is listed on a recognised investment exchange.
13
annual_report
HelvetiaHoldingAG-AR_2019
1,595
Total reserves for insurance business 47 990.8 46 033.2 443.6 458.8 47 547.2 45 574.4 9. Insurance business
18
annual_report
5902
924
In January 2020, the FASB issued ASU 2020-01, Investments-Equity Securities (Topic 321), Investments-Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323, and Topic 815 (a consensus of the FASB Emerging Issues), which clarifies t...
122
10K
PosteItalianeSpA-AR_2016
1,473
• On 25 July 2016, the deed governing the merger of SDS Nuova Sanità Srl with and into SDS System Data Software Srl was signed and the merged entity renamed Poste Welfare Servizi Srl. The merger was effective for accounting and tax purposes from 1 January 2016.
47
annual_report
gb_prudential-AR_2015
1,943
The Group Chief Executive has a maximum AIP opportunity of 200% of salary. For other executives the maximum is 180% or less.
22
annual_report
4595
1,236
Historically, the one-year change in the reserve estimate for this product line over the last nine years has varied from -2% to 1% (averaging 0%) for the Company, and from -1% to 2% (averaging 0%) for the industry overall. The Company's year-to-year changes are driven by, and are based on, observed events during the ye...
79
10K
4230
2,617
Prudential Funding, LLC, or Prudential Funding, a wholly-owned subsidiary of Prudential Insurance, has a commercial paper program, the authorized capacity of which was reduced from $12.0 billion to $7.0 billion as of June 30, 2010. Prudential Funding commercial paper borrowings have generally served as an additional so...
193
10K
NatwestGroupPLC-AR_2018
3,733
Note: (1) Those preference shares where distributions are discretionary are classified as equity.
13
annual_report
634
405
SCHEDULE V 3 OF 3 THE FIRST AMERICAN FINANCIAL CORPORATION AND SUBSIDIARY COMPANIES
13
10K
4988
1,303
marine and aviation line, primarily in the 2010 through 2012 accident years, and
13
10K
3070
734
- ---------- (1) In 2006, DSI was reduced in connection with the disposition through reinsurance agreements of substantially all of the Company's variable annuity business (see Note 3).
28
10K
5782
1,172
(2) See the Results of Operations section of this MD&A for a definition of this non-U.S. GAAP financial measure.
19
10K
5931
976
For the years ended December 31, 2020 and 2019, there were no transfers in or out of Level 1, 2, and 3.
22
10K
AegonNV-AR_2014
2,939
2.31 Impairment charges/(reversals) Impairment charges and reversals include impairments and reversals on investments in financial assets, impairments and reversals on the valuation of insurance assets and liabilities and other non-financial assets and receivables. Refer to note 15 Impairment charges/
39
annual_report
AegonNV-AR_2016
1,769
Aegon used its Solvency II PIM to measure and aggregate risks and to calculate its SCR in 2016, following regulatory approval.
21
annual_report
gb_prudential-AR_2016
4,015
Institutional products are: guaranteed investment contracts (GICs), funding agreements (including agreements issued in conjunction with Jackson’s participation in the US Federal Home Loan Bank programme) and Medium Term Note funding agreements. At 31 December 2016 institutional products accounted for 1% of contract lia...
45
annual_report
5895
612
On December 2, 2019, we completed the sale of all of the issued and outstanding equity of three of the Company’s wholly-owned subsidiaries, Maison Insurance Company (“Maison”), Maison Managers Inc. (“MMI”) and ClaimCor, LLC (“ClaimCor” and, together with Maison and MMI, the “Maison Business”), to FedNat Holding Company...
97
10K
AegonNV-AR_2008
1,213
The Supervisory Board would like to thank the Executive Board and employees of the company for the measures they have taken over the past year to help strengthen AEGON’s financial position.
31
annual_report
NatwestGroupPLC-AR_2018
2,542
Credit risk – Banking activities continued Asset quality (audited) The table below summarises asset quality bands of gross loans and ECL by stage for the Personal portfolio.
27
annual_report
5169
624
2015 vs 2014. The increase in gross premiums written in 2015 from 2014 reflects a slight increase at our reinsurance segment, partially offset by a slight decrease at our insurance segment. The increase in gross premiums written at our reinsurance segment primarily reflects $221.6 million of premiums recorded on Decemb...
118
10K
DirectLineInsuranceGroupPLC-AR_2019
814
The prioritisation exercise has highlighted the following priority areas: 1. Delivering great service to all customers 2. Communicating clearly and openly with customers 3. Investing in training and developing our people 4. Supporting employee wellbeing 5. Harnessing data and technology 6. Protecting customers’ data 7....
49
annual_report
5770
1,664
Derivative assets and liabilities classified in Level 2 represent over-the-counter instruments such as foreign currency forward and swap contracts. Fair values for these instruments are determined using market observable inputs including forward currency and interest rate curves and widely published market observable i...
104
10K
Sampoplc-AR_2006
1,163
The liabilities related to each guaranteed interest rate are shown in Table 18. The table also shows the change in each category during 2006. Table 19 shows the maturity of each category.
32
annual_report
4345
543
The Company has experienced operating losses of approximately $22,000 and $458,000 for the fiscal years ended May 31, 2011 and 2010, respectively. The Company losses increase when accretion of mandatorily redeemable convertible preferred stock, and accrued dividends on mandatorily redeemable preferred stock are taken i...
105
10K
4283
657
FEP membership increased 56,000, or 4%, following the 2010 open enrollment period.
12
10K
3878
1,034
AIG’s liquidity-related actions and plans to stabilize its businesses and repay the Fed Facility;
14
10K