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LloydsBankingGroupPLC-AR_2018
2,868
Other stress testing activity The Group’s stress testing programme also involves undertaking assessments of liquidity scenarios, market risk sensitivities and scenarios, and business specific scenarios (see the primary risk categories on pages 114 to 159 for further information on risk-specific stress testing). If requ...
96
annual_report
4443
848
At December 31, 2011 and 2010, 93.0% and 92.1% of the fixed maturities were invested in securities rated BBB and above, respectively.
22
10K
CNPAssurancesSA-AR_2017
11
and our corporate values, founded on our identity as a public enterprise, represent tremendous assets and that nothing is impossible for us if we maintain our resolve, commitment and creativity. Our management team is leading this ambitious plan very deftly, and the sky really is the limit for the next chapter in our d...
105
annual_report
4091
890
Other long-term investments, consisting primarily of holdings in limited partnerships and limited liability companies, are valued by the various fund managers. In management’s opinion, these values reflect fair value at December 31, 2009 and 2008.
35
10K
304
619
Stockholders of both classes of common stock have received 5% stock dividends in the years 1989 through 1996, as authorized by the Company's Board of Directors.
26
10K
4382
1,333
As part of Tower’s capital management strategy, the Board of Directors of Tower approved a $100 million share repurchase program on March 3, 2011. This authorization is in addition to the $100 million share repurchase program approved on February 26, 2010. Purchases under both programs can be made from time to time in ...
172
10K
5617
1,441
Information on commercial, agricultural and residential mortgage loans is presented in the tables below.
14
10K
fr_axa-AR_2005
243
Chairman of the Board of Directors of SAS, Vindemia SAS Director of Sapmer, Antenne Réunion Télévision Antenne Réunion Télévision SAPMER S.A., Cbo Territoria, JACCAR SAS Director of Happy World Foods, Ltd Happy World Foods, Ltd Director of Sapmer, Director of Sapmer, Director of VINDEMIA SAS, Happy World Foods, Ltd Hap...
57
annual_report
TrygAS-AR_2007
1,732
Operating leases 108 213 187 1,260 1,768 Other contractual obligations 348 314 0 0 662
15
annual_report
DirectLineInsuranceGroupPLC-AR_2019
1,815
Company (including any gross-up for tax and National Insurance Contributions due).
11
annual_report
1765
311
In accordance with its contractual commitments to the qualifying entities, the Company thoroughly underwrites and services the associated assets transferred by the Company. Support activities include ongoing review, credit monitoring and collection activities to ensure that the financial assets meet strict investment r...
56
10K
fr_axa-AR_2010
5,367
The Risk Management Departments of operational entities are managed by local Chief Risk Offi cers, who report directly to a member of their Executive Committee (CEO/CFO) and to the Group CRO. The roles and responsibilities of local
37
annual_report
SwissReAG-AR_1999
152
Net premiums in other lines rose to CHF 2.5 billion, up 13% over 1998. The positive results in credit & surety and aviation offset the negative results in engineering (caused by some unusually large claims) and in marine.
38
annual_report
5368
1,691
(2) The accident year is estimated by allowing an additional five months for development from the time the first monthly mortgage payments have been missed by the borrower.
28
10K
5136
1,650
The Company also has contingent obligations for guarantees related to certain investments, third-party loans related to certain investments, certain insurance policy obligations of former insurance subsidiaries and various other indemnifications. The Company also provides standard indemnifications to service providers ...
130
10K
TrygAS-AR_2006
640
• Adoption of a resolution as to the distribution of profit or covering of loss, as the case may be, according to the annual report as approved
27
annual_report
AegonNV-AR_2011
4,577
In compliance with regulations under Dutch law, no transactions regarding the shares can be exercised in blackout periods.
18
annual_report
1999
817
The data in the tables above excludes unit-linked securities, which are discussed more fully in Note 2 to the consolidated financial statements. All the data excludes the assets held by ceding insurers under modified coinsurance agreements.
36
10K
3443
1,360
Equity and fixed maturities deemed to have declines in value that are other-than-temporary are written down to carrying values equal to their estimated fair values in the consolidated statement of operations. On a quarterly basis, all securities with an unrealized loss are reviewed to determine whether the decline in t...
163
10K
GjensidigeForsikringASA-AR_2018
34
Earned premiums, general insurance NOK million 24,052.8 23,398.3 22,441.9 21,272.0 20,386.8
11
annual_report
5279
1,755
As of December 31, 2016 and 2015, the value of the funds withheld by ceding companies under this agreement was $437.4 and $464.8, respectively, which is included in Deposits, premiums receivable and reinsurance recoverable on the Balance Sheets. In addition, as of December 31, 2016 and 2015, the Company had an embedded...
64
10K
4344
1,029
In order to maintain consistency in our portfolio, our deferred annuity products incorporate surrender charges to discourage surrenders or withdrawals. Annuitants may not terminate or withdraw funds from their annuity contracts for a significant initial period (generally seven years) without incurring penalties in the ...
97
10K
nl_ing_grp-AR_2011
3,445
ING Bank’s real estate exposure revaluing through P&L decreased significantly mainly caused by sales of American and Australian funds (EUR –0.7 billion) and assets being revalued through equity instead (EUR –0.4 billion); the latter is a result of the fact that ING REIM is not the manager of the real estate funds anymo...
53
annual_report
BaloiseHoldingLtd-AR_2013
2,317
Reinsurers’ share of technical reserves as at 1 January 377.5 398.6
11
annual_report
4598
1,728
We use the treasury stock method to account for the effect of outstanding stock options and nonvested stock awards on the computation of dilutive earnings per share. Under this method, these potential common shares will each have a dilutive effect, as individually measured, when the average market price of Unum Group c...
82
10K
1565
139
During 1999, the Company s net assets in liquidation decreased from $383,000 to zero and, as stated above, the estimated liquidation value of the preferred stock also declined by $303,000. These reductions were principally due to a $252,000 excess of benefits and expenses over revenues for the year, a $388,000 increase...
90
10K
4767
1,045
On September 30, 2013, the Company entered into a $10.0 million subordinated secured credit facility with JCF AFFM Debt Holdings, L.P., as Administrative Agent and Collateral Agent. JCF AFFM Debt Holdings, L.P. is an affiliate of J.C. Flowers & Co. LLC and New Affirmative LLC, the Company’s 51.0% majority shareholder.
50
10K
ScorSE-AR_2012
711
payment of commercial debts. Surety insurance is a contract under which a guarantor makes a commitment to a beneficiary to perform the obligation to ensure payment by or to pay the debt of the secured debtor. Political risk insurance covers the risk of losses due to measures taken by a government or similar entity whic...
95
annual_report
AvivaPLC-AR_2013
473
Value of new business is a key measure of our growth and the source of future cash flow in our life businesses. VNB is calculated on a Market Consistent Embedded Value (MCEV) basis.
33
annual_report
RaiffeisenBankInternationalAG-AR_2020
2,416
In addition to the significant accounting judgments and main sources of estimation uncertainty mentioned above, the following section on accounting policies related to COVID-19 explains in more detail impairment testing of goodwill and of companies valued at equity.
38
annual_report
StorebrandASA-AR_2020
1,759
Net cash flow from operations before financial assets and banking customers 14,108 6,522
13
annual_report
5208
721
Total medical membership at December 31, 2015 remained relatively flat compared to December 31, 2014, primarily reflecting declines in our Commercial Insured products substantially offset by growth in our Medicare and Medicaid products. Refer to “Health Care - Membership” below in this MD&A for further information.
46
10K
5276
2,120
For direct lending funds, private equity funds, real estate funds and one of our hedge funds, valuation statements are typically released on a three month reporting lag therefore the Company estimates fair value of these funds by starting with the prior quarter-end fund valuations and adjusting for capital calls, redem...
98
10K
GjensidigeForsikringASA-AR_2019
1,135
Presentation currency The consolidated financial statements are presented in NOK. The mother company and the different branches have respectively Norwegian, Swedish, Danish kroner and Euro as functional currency.
28
annual_report
gb_prudential-AR_2006
1,886
To gain a comprehensive understanding of the costs and benefits of sustainable property investments.
14
annual_report
PhoenixGroupHoldingsPLC-AR_2014
397
Capital and dividend flows in the period primarily comprise external dividend payments of £120 million and movements in the own shares held balance. The comparative period primarily comprised ordinary share capital issued of £233 million (net of associated fees and commissions) less external dividend payments of £120 m...
48
annual_report
fr_axa-AR_2017
1,936
Total number of shares to be subscribed (a) or purchased, from which to be subscribed or purchased by: 6,818,804 1,815,676 1,312,233 10,681 12,587 4,689 8,205 8,056,370 1,240,890 6,004
28
annual_report
AvivaPLC-AR_2003
224
We maintained our financial strength in the UK. We led the market in lowering with-profit bonus rates to protect the long-term interests of policyholders and ensure the continued financial stability of our funds.
33
annual_report
PosteItalianeSpA-AR_2017
371
Funding costs (deposits, bonds and repurchase agreements) are down compared with the figure for the end of 2016, with the average cost of customer deposits in December 2017 standing at 0.89%, compared with 0.99% in December 2016.
37
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011
44
Dr. Nikolaus von Bomhard chairman of Munich Reinsurance company´s Board of Management
12
annual_report
GjensidigeForsikringASA-AR_2012
1,241
The purpose of insurance is to meet the desire of the customer (insured party) to safeguard against an unexpected, arbitrary loss deriving from an unforeseen event. In respect of the products offered by Gjensidige Pensjonsforsikring AS, these events are primarily incapacity for work and death with ensuing loss of incom...
80
annual_report
5487
850
Use of Estimates. The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the date of the consolidated financia...
104
10K
RSAInsuranceGroupPLC-AR_2012
2,857
The estimated provisions for ultimate incurred losses changes as more information becomes known about the actual losses for which the initial provisions were set up and as the rates of exchange change.
32
annual_report
SwissLifeHoldingAG-AR_2007
92
Flexible products with variable guarantees (variable annuities) represent another cross-border business segment with outstanding growth potential. Swiss Life distributes these products among various countries from a central product platform in Luxembourg. Variable annuity products offer customers an optimal combination...
77
annual_report
2163
1,477
Anthem will have cash requirements of approximately $3,900.0 for the pending transaction with WellPoint, including both the cash portion of the purchase price and estimated transaction costs. During October 2003, Anthem obtained a commitment for a bridge loan of up to $3,000.0. Additionally, as of December 31, 2003, An...
159
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011
368
Financial position 103 Financial strength 103 analysis of our capital structure 103 asset-liability management 105 capital management 105 information in accordance with section 315 para. 4 of the german commercial code and explanatory report of the Board of Management 106 group solvency 109 analysis of the consolidated...
51
annual_report
PhoenixGroupHoldingsPLC-AR_2018
3,419
G6.1 Pearl Group Staff Pension Scheme Scheme details The Pearl Scheme comprises a final salary section, a money purchase section and a hybrid section (a mix of final salary and money purchase). The final salary and hybrid sections of the Pearl Scheme are closed to new members, and since 1 July 2011 are also closed to f...
61
annual_report
LloydsBankingGroupPLC-AR_2002
405
Consequently, in order to provide a clearer representation of the underlying performance, the results of the life and pensions business are separately analysed to include investment earnings calculated using longer-term investment rates of return, and annual management charges based on unsmoothed fund values. This inve...
110
annual_report
5404
2,751
The expected completion date for all 2016 Restructuring initiatives is the end of 2018. As the Company further develops these initiatives, it will incur additional restructuring expenses in one or more periods through the end of 2018. These costs, which include severance and other costs, cannot currently be estimated b...
53
10K
SwissReAG-AR_2003
1,429
There is a clear separation of tasks and responsibilities between the business units (with their own risk management organisations) and Group Risk Management. Group Risk Management sets the guidelines and standards, based on best practice. It is also responsible for developing risk measurement techniques, and managing ...
82
annual_report
5159
962
(a) Represents the Company’s percentage investment in the fund at the balance sheet date.
14
10K
StandardLifeAberdeenPLC-AR_2013
470
• Changes in the value of future profits on unit linked funds and collective investment schemes where the underlying funds are invested in overseas assets.
25
annual_report
4450
1,112
5 years. In accordance with applicable accounting standards, capitalization ceases no later than the point at which a computer software project is substantially complete and ready for its intended use. Leasehold improvements are amortized over the life of the associated lease.
41
10K
5618
1,055
Reinsurance - reinsurance business on a facultative and treaty basis, primarily in the United States, United Kingdom, Continental Europe, Australia, the Asia-Pacific region and South Africa.
26
10K
5728
439
Direct premiums written overall grew by $101.8 million, or 8.6%, to $1,292.7 million.
13
10K
NatixisSA-AR_2014
1,940
In 2014, Natixis had over 1,000 backup positions for users, a backup data center and crisis meeting rooms.
18
annual_report
1241
458
The Company provided certain representations and warranties to each respective purchaser of the businesses sold with respect to each entity's ability to process date-sensitive information for the year 2000 and beyond. Although the Company believes that it is in compliance with, and is not aware of any breach of the yea...
99
10K
NatwestGroupPLC-AR_2016
8,648
The Royal Bank of Scotland plc Australia, Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Greece, Hong Kong, Republic of Ireland, Italy, Japan, Jersey, Republic of Korea, Luxembourg, Malaysia, Netherlands, Norway, Poland, Singapore, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, ...
43
annual_report
ScorSE-AR_2019
3,292
NET DEFINED BENEFIT OBLIGATION AS AT DECEMBER 31 – DEFICIT 2845237
11
annual_report
PhoenixGroupHoldingsPLC-AR_2016
3,868
Henderson Strategic Investment Funds – Henderson Institutional European Index Opportunities Fund
11
annual_report
1171
228
analysis of this data, the Company revised the initial estimate of the premium deficiency accrual. In total the Company recorded a $72.0 million premium deficiency in conjunction with the acquisition. Of this amount, $6.8 million was utilized in 1998 to offset losses on the acquired contracts, and the remainder was uti...
75
10K
4213
1,218
Cash and cash equivalents at December 31, 2010 increased $72.8 million from $56.0 million at December 31, 2009 to $128.8 million at December 31, 2010. Significant sources of cash flow in 2010 came from cash received from NFP’s issuance of the 2010 Notes, which resulted in proceeds to NFP of $120.3 million, after certai...
112
10K
3734
11,015
Either a declining or a level percentage charge generally over nine years or less. Additionally, approximately 28.4% of fixed annuities are subject to market value adjustment for discretionary withdrawals
29
10K
gb_prudential-AR_2015
800
EEV non-operating results EEV operating profit is based on longerterm investment returns and excludes the effect of short-term volatility arising from market movements and the effect of changes from economic assumptions. These items are captured in non-operating profit which reduced the 2015 results by a net £930 milli...
60
annual_report
4781
747
Earned Premiums in the Life and Health Insurance segment decreased by $6.0 million for the year ended December 31, 2012, compared to 2011. Earned premiums on life insurance decreased by $1.7 million in 2012, compared to 2011, due primarily to lower volume of insurance. Earned premiums on accident and health insurance d...
138
10K
4490
995
Increased net premiums written in the agriculture business within the Insurance segment resulting from increased commodity prices for corn, cotton, wheat and soybeans;
23
10K
gb_prudential-AR_2007
2,685
Liabilities Intra Group debt represented by operational borrowings at Group levelnote iv 2,477 – – 2,477 2,032 Net asset value attributable to external holders of consolidated fundsnote iii 1,234 – – 1,234 513
33
annual_report
2354
595
involved in the determination of these assumptions, which must be made at the time of option grant. Variations in actual experience versus the assumptions can cause material differences in an option’s actual value when it is ultimately exercised versus its expense recorded in the financial statements. Additionally, pop...
129
10K
LloydsBankingGroupPLC-AR_2012
4,194
Further factors affecting the life business1: derecognition of deferred tax on policyholder tax credit (583) (146) –
17
annual_report
841
507
Net realized gain on investment transactions for 1997 decreased by $51,000 to $21,000 compared to $72,000 in 1996. The realization of investment gains and losses is determined by market conditions and management's decision regarding the holding period of the portfolio.
40
10K
5888
1,013
▪minimum of 50% of expenses and 100% of debt servicing to be held in cash and cash equivalents at AHL operating accounts
22
10K
NatwestGroupPLC-AR_2012
5,364
Equity shares 0.3 0.7 0.4 1.4 0.3 1.3 0.4 2.0 0.3 1.4 0.3 2.0 Total AFS assets 35.0 36.7 3.4 75.1 53.6 49.6 6.1 109.3 53.4 55.0 4.7 113.1
29
annual_report
SwissReAG-AR_2005
1,505
Companies which Swiss Re Zurich directly or indirectly controls through holding a voting majority or otherwise, are consolidated in the Group accounts. Companies which Swiss Re Zurich does not control, but over which Swiss Re Zurich directly or indirectly exercises significant influence, are accounted for using the equ...
135
annual_report
5789
413
Due to the cyclical nature of the insurance market and the impact of other market conditions on insurance premiums, commission revenue may vary widely between accounting periods. A period of low or declining premium rates, generally known as a ‘soft’ or ‘softening’ market, generally leads to downward pressure on commis...
129
10K
3421
7,738
We provide our employees with postemployment benefits that include retirement benefits, through pension and savings plans, and other benefits, including health care and life insurance. Employee benefit expense related to these plans totaled $26.1 million, $33.8 million and $28.2 million for 2007, 2006 and 2005, respect...
46
10K
INGGroepNV-AR_2016
647
We define a retail primary relationship as a customer that has recurrent income on their ING payment account and is active with at least one other ING product.
28
annual_report
fr_axa-AR_2010
6,499
This change has been applied retrospectively to all 2009 disclosed information, i.e. including relevant notes when impacted.
17
annual_report
1197
578
The Year 2000 issue was complex and affected many aspects of LNC's businesses. LNC was particularly concerned with Year 2000 issues that related to LNC's computer systems and interfaces with the computer systems of vendors, suppliers, customers and business partners. From 1996 ­ 1999, LNC and its operating subsidiaries...
89
10K
NatwestGroupPLC-AR_2011
4,349
Reclassified from AFS to LAR (2) Debt securities 869 745 21 — 21 — 21,431 19,018 491 (1,707) 1,769 2,985
20
annual_report
RaiffeisenBankInternationalAG-AR_2019
3,171
The disclosures set out in the tables below include financial assets and financial liabilities that are offset in the Group’s statement of financial position or are subject to an enforceable/unenforceable master netting arrangement or similar agreement that covers similar financial instruments, irrespective of whether ...
55
annual_report
NatixisSA-AR_2020
4,888
Net income/(loss) attributable to shareholders (see Note 5.23) Group share – per share, calculated on the basis of the average number of shares over the period, excluding treasury shares (0.01) 0.56
31
annual_report
1401
599
The net reduction in incurred losses related to prior years represents development of net losses incurred in prior years. This development results from the re-estimation and settlement of individual losses not covered by reinsurance, which are generally losses under $500,000. The 2000 change is primarily reflective of ...
133
10K
4592
5,724
•Shareholders' equity as of December 31, 2012 was $20.58 billion, an increase of 12.5% from $18.30 billion as of December 31, 2011. •On January 3, 2012, April 2, 2012, July 2, 2012, October 1, 2012 and December 31, 2012, we paid shareholder dividends of $0.21, $0.22, $0.22, $0.22 and $0.22, respectively. On February 6,...
162
10K
ScorSE-AR_2011
808
The activities of Non-Life and Life reinsurance take place in two different market environments. They are subject to heterogeneous external constraints, which generally have only very limited correlation with each other. The diversification and the overall balance between these two business areas within the Group repre...
48
annual_report
AvivaPLC-AR_2005
2,218
Deferred income 265 207 Reinsurers’ share of deferred acquisition costs 146 72
12
annual_report
1715
503
The results of operations of the Company for 1999 are affected by the acquisition of business from MBL Life on July 1, 1999 (See Note 3 of the accompanying financial statements).
31
10K
496
463
Commencing in fiscal year 1994, several significant reforms to the California workers' compensation laws affected CalComp. The reforms address various aspects of the workers' compensation system, including limitations on certain types of claims, restrictions on vocational rehabilitation benefits, additional penalties f...
285
10K
4777
502
A reconciliation of reported net income or loss from continuing operations and reported earnings per diluted share from continuing operations, the most directly comparable GAAP measures, to adjusted net income from continuing operations and adjusted earnings per diluted share from continuing operations is as follows (i...
51
10K
4847
1,377
Parent Company cash and investments, net of receivables and payables, at December 31, 2013 totaled $4.7 billion, as compared to $3.9 billion at December 31, 2012. In May of 2013, we received net proceeds of $983 million, after deducting the underwriters’ discounts, commissions and offering expenses, in connection with ...
132
10K
2216
727
The St. Paul Companies, Inc. (“The St. Paul” or the “Company”) is incorporated as a general business corporation under the laws of the State of Minnesota. The St. Paul and its subsidiaries constitute one of the oldest insurance organizations in the United States, dating back to 1853. We are a management company princip...
200
10K
AegonNV-AR_2007
1,653
During its meeting in December, the Audit Committee discussed AEGON’s Risk Management Report with the
15
annual_report
4124
453
current accident year loss and loss expense ratio, excluding catastrophe losses, was 0.7 points higher than 2008;
17
10K
1174
773
The Hartford assumes reinsurance worldwide through its thirteen Hartford Reinsurance Company (HartRe) offices located in the United States, Canada, the United Kingdom, France, Italy, Germany, Spain, Hong Kong and Taiwan. HartRe primarily writes treaty reinsurance through professional reinsurance brokers covering variou...
49
10K
3648
2,322
In March 2007, the Holding Company repurchased 11,895,321 shares of its outstanding common stock at an aggregate cost of $750 million under an accelerated common stock repurchase agreement with a major bank. The bank borrowed the common stock sold to the Holding Company from third parties and purchased common stock in ...
107
10K
HiscoxLtd-AR_2002
74
Fine Art, Kidnap & Ransom, Yachts, Bloodstock, High Value Household, Mass Affluent, Contingency, Personal Accident
15
annual_report
2875
589
The amortized cost and fair value of fixed maturities at December 31, 2005, by contractual maturity, are summarized as follows:
20
10K
3421
6,347
Foreign currency exchange risk is the risk that we will incur economic losses due to adverse changes in foreign currency exchange rates. Our functional currency is the U.S. dollar. Our exposure to fluctuations in foreign exchange rates against the U.S. dollar primarily results from our holdings in non-U.S. dollar-denom...
66
10K
5370
1,292
(9) Property, plant and equipment and assets held for lease (Continued)
11
10K
4356
1,582
The Catastrophe sub-segment writes business predominantly on a non-proportional basis and is exposed to volatility resulting from catastrophic losses. Thus, profitability in any one year is not necessarily predictive of future profitability. The results for 2011, 2010 and 2009 demonstrate this volatility. The results f...
113
10K
Sampoplc-AR_2004
981
Assets and liabilities, which have been hedged by currency swaps are stated at the rate of the original currency. Exchange rate differences arising from translating the items in other currencies into euro and the valuation of exchange rate contracts are included in “Net income from foreign exchange dealing”.
48
annual_report