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fr_axa-AR_2019
8,684
The consolidated financial statements were approved by the Board of Directors.
11
annual_report
ASRNederlandNV-AR_2009
1,028
ASR Nederland 2009 annual report 1 financial assets held for trading, including derivatives that do not qualify as hedge accounting (see chapter 2.18); and 2 financial assets, which ASR irrevocably, upon first time inclusion or upon first time adoption of iFRS, identified as carried at fair value through profit and los...
158
annual_report
2220
425
The change in methodology is being applied prospectively. This change has and will continue to impact the level of net investment income and net income of each of the Company's business segments. A portion of net investment income is credited to the segments based on the level of allocated equity. This change in
53
10K
BaloiseHoldingLtd-AR_2008
797
Business objectives are worked out in a multi-phase process and are then individually authorised by the Compensation Committee for the coming year. The consolidated result, combined ratio, the business volume and the shareholder value (performance of Baloise shares compared to STOXX Insurance) serve as target figures. ...
165
annual_report
4098
3,900
Expected volatility is based upon an analysis of historical prices of the Holding Company’s common stock and call options on that common stock traded on the open market. The Company uses a weighted-average of the implied volatility for publicly-traded call options with the longest remaining maturity nearest to the mone...
111
10K
4568
902
sales of a higher proportion of retirement products of several mutual fund families will tend to result in higher revenue generation due to our ability to earn custodial fees on these accounts; and
33
10K
SwissReAG-AR_1954
35
Life Department. Premiums for Retrocession Commission, less Retrocession Surrenders, less Retrocession Losses paid, less Retrocession Annuities paid, less Retrocession Premium Reserve, less Retrocession Annuity Fund, less Retrocession Reserve for Unsettled Claims, less Retrocession
33
annual_report
TrygAS-AR_2006
706
The Supervisory Board also grants stock options to employees to reward outstanding performance. All compensation of the group executive Management 2006 dkk /*nok fixed salary bonus discretionary shares at pension car total coma discount pensation
35
annual_report
4103
654
In July 2009, the New Mexico Superintendent of Insurance announced the findings of a 2008 hearing on premiums and splits and awarded a 10.7% premium rate increase effective August 1, 2009, and an increase in the remittance rate on residential transactions from 19% to 20% from agencies to underwriters. Due to possible c...
125
10K
3837
1,612
We have audited the accompanying consolidated balance sheets of PartnerRe Ltd. and subsidiaries (the “Company”) as of December 31, 2008 and 2007, and the related consolidated statements of operations and comprehensive income, shareholders’ equity, and cash flows for each of the three years in the period ended December ...
75
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2004
1,531
In accordance with the recommendations of the dsr for insurance companies, we have applied the indirect presentation method. The “cash fund” within the meaning of the German Accounting Standard is limited to cash and cash equivalents shown under balance sheet item F “cash with banks, cheques and cash in hand”.
50
annual_report
1940
886
Interest and income taxes paid for the years ending December 31 were:
12
10K
5639
716
The Company has evaluated and concluded that there were no material subsequent events requiring adjustment or disclosure to its Consolidated Financial Statements.
22
10K
5388
2,906
The state of domicile of Metropolitan Life Insurance Company imposes risk-based capital (“RBC”) requirements that were developed by the National Association of Insurance Commissioners (“NAIC”). Regulatory compliance is determined by a ratio of a company’s total adjusted capital, calculated in the manner prescribed by t...
130
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008
3,259
ERGO Vida Seguros y Reaseguros, Sociedad Anónima, Saragossa 94.69% 26,236 2,033
11
annual_report
5942
1,072
(1)Includes income annuities for which separate account balances at December 31, 2020 were $134 million.
15
10K
5648
756
The amortized cost and estimated fair value of investment securities as of December 31, 2018 and 2017 were as follows:
20
10K
AvivaPLC-AR_2000
1,206
The fair value of these shares at 31 December 2000 was £234 million (1999: £267 million).
16
annual_report
gb_lloyds_banking_grp-AR_2017
4,756
Increase/(decrease) in liabilities charged to the income statement 1 337 366
11
annual_report
SwissReAG-AR_2019
5,246
Find more information on Swiss Re’s performance in our Financial Report.
11
annual_report
911
670
In 1998, the Company adopted FASB 131, "Disclosures about Segments of an Enterprise and Related Information." The prior years' segment information has been restated to present the Company's reportable segments, Financial Markets, Personal Lines Markets and Other.
37
10K
NatwestGroupPLC-AR_2020
1,340
Oil and gas extraction (8) 0.08 1.9 75 tCO2e/TJ 3,054 2.4 2.6 38 tCO2e/TJ
14
annual_report
5811
1,017
Our current funding strategy is to fund an amount at least equal to the minimum required funding as determined under ERISA with consideration of maximum tax deductible amounts. We may elect to make discretionary contributions up to the maximum amount deductible for income tax purposes. For the years ended December 31, ...
114
10K
3648
2,602
Effective January 1, 2006, the Company adopted SFAS No. 154, Accounting Changes and Error Corrections, a replacement of APB Opinion No. 20 and FASB Statement No. 3 (“SFAS 154”). SFAS 154 requires retrospective application to prior periods’ financial statements for a voluntary change in accounting principle unless it is...
50
10K
HelvetiaHoldingAG-AR_2006
1,044
Acquisition cost after impairment/ Unrealised gains/ amortised cost losses net Fair value
12
annual_report
AssicurazioniGeneraliSpA-AR_2017
2,780
N. Type Name of the company Increases in the year ord. For purchases Others (1) (2) (3) Quantity Value increases 39 b D GSS - Generali Shared Services S.c.a.r.l. 0 0 0 40 b D Lion River I N.V. - Classe A 0 0 0 40 b D Lion River I N.V. - Classe B 0 0 34 40 b D Lion River I N.V. - Classe C 0 0 32 40 b D Lion River I N.V....
461
annual_report
3679
2,827
a $25 ownership interest in our senior notes due 2009 with quarterly interest payable at the annual rate of 3.84% of the principal amount of the notes, to, but excluding May 16, 2007, the purchase contract settlement date. In May 2007, we remarketed these senior notes and the interest rate was reset from 3.84% to 5.23%...
56
10K
NatixisSA-AR_2008
4,655
Management Board of the new central body. Mr. François Pérol has also been appointed to Natixis’ Supervisory Board and will be the Chairman. Mr. Dominique Ferrero, in his capacity as
30
annual_report
2714
1,205
Long-Term Incentive Plans: The Company has two long-term incentive compensation plans. The first is a stock option plan, which allows grants for both incentive stock options (ISOs) and non-qualifying stock options (NQSOs) to employees and NQSOs to non-employee directors. The options have a term of 10 years and generall...
89
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014
195
At the meeting held on 15 July, we dealt with the focal points of human resources work in the Group, and were briefed on the 2013 compensation report in accordance with the German Remuneration Regulation for Insurance Companies (VersVergV). During his regular report on current issues, Dr. Nikolaus von Bomhard also refe...
63
annual_report
StorebrandASA-AR_2012
2,362
other equities and units are valued at fair value. For securities listed on an exchange or other regulated market, fair value is determined as the bid price on the last trading day immediately prior to or on the balance sheet date.
41
annual_report
5375
1,389
Funds Withheld and ModCo - For business assumed or ceded on a funds withheld or modco basis, a funds withheld segregated portfolio, comprised of invested assets and other assets is maintained by the ceding entity, which is sufficient to support the current balance of statutory reserves. The fair value of the funds with...
75
10K
NatixisSA-AR_2015
1,444
V Variable compensation of the “regulated” population for the fi scal years 2014 and 2015 V Analyzing the compensation of the heads of control functions (Risks, Compliance, Internal Audit Department)
30
annual_report
2800
888
In December 2004, the FASB issued Statement No. 123(R), Share-Based Payment which is a revision of Statement No. 123. Statement No. 123(R) requires all share-based payments to employees, including grants of employee stock options, to be recognized in the financial statements based on their fair values. We currently use...
190
10K
2985
1,310
Pre-tax restructuring charges for this plan in 2006 by segment were as follows: Other Operations ($14 million) and Investment Management ($1 million).
22
10K
NatwestGroupPLC-AR_2016
6,277
The market value of awards vested/exercised in 2016 was £40 million (2015 - £55 million; 2014 - £44 million). There are vested options over 4 million shares exercisable up to 2019 (2015 - 5 million; 2014 - 7 million).
39
annual_report
HiscoxLtd-AR_2008
556
Property, plant and equipment 16 19,668 19,378 Investments in associates 17 7,200 1,502 Deferred acquisition costs 18 131,130 123,081 Financial assets carried at fair value 20 2,081,772 1,747,827
28
annual_report
gb_lloyds_banking_grp-AR_2018
765
Financial performance Strong growth in life and pensions sales, up 45 per cent, driven by increases in new members in existing workplace schemes, increased auto enrolment workplace contributions and bulk annuities New underwritten household premiums increased 27 per cent, reflecting progress of Direct and Corporate Par...
160
annual_report
5038
2,509
If we identify an indicator of impairment, we assess recoverability by comparing the carrying amount of the asset to the sum of the undiscounted cash flows expected to result from the use and the eventual disposal of the asset. An impairment loss is recognized when the carrying amount is not recoverable and is measured...
63
10K
TrygAS-AR_2019
943
3 Premium income, net of reinsurance Direct insurance 22,353 19,037 Indirect insurance 52 50
14
annual_report
SwissReAG-AR_2020
309
In 2020, our role in helping make the world more resilient became critical. We provided support to societies through our financial strength, innovative solutions and risk knowledge.
27
annual_report
1038
293
On May 4, 1992, the Company received a notice from the State of New York that the Company owed $244,116 in additional withholding taxes, interest and penalties for calendar year 1984. The Company has submitted information to the State of New York and during the latter part of 1998, the Company received a new notice fro...
72
10K
5074
1,819
net income attributable to Maiden of $124.4 million. See "Results of Operations - Net Income" on page 62 for a discussion of the Company’s net income for the year ended December 31, 2015.
33
10K
5003
1,830
(2)-Represents intercompany premium income and expense, intercompany asset management fees and expenses, intercompany interest income and expense pertaining to intercompany receivables and payables and intercompany loans.
26
10K
nl_ing_grp-AR_2010
2,496
Amounts recognised in profit and loss during the year 119 85 –4 200 Revaluation recognised in equity during the year 9 9
22
annual_report
5501
2,757
We manage our capital position to maintain our financial strength and credit ratings. Our capital position will be supported by our ability to generate cash flows within our insurance companies, our ability to effectively manage the risk of our businesses and our expected ability to borrow funds, and raise additional c...
66
10K
5417
1,092
Basic earnings per share is based on the weighted average number of ordinary shares outstanding and excludes potentially dilutive securities such as restricted shares, restricted share units, warrants, options and convertible securities. Diluted earnings per share is based on the weighted average number of ordinary and...
82
10K
4092
753
The favorable items listed above were offset by lower earned premium in 2009 of $3,379.
15
10K
INGGroepNV-AR_2008
2,000
Costs directly attributable to the acquisition 2 8 2 1 13
11
annual_report
TrygAS-AR_2019
1,350
The results of foreign subsidiaries are based on translation of the items in the income statement using average exchange rates for the period unless they deviate significantly from the transaction day exchange rates. Income and costs in domestic enterprises denominated in foreign currencies are translated using the exc...
54
annual_report
4936
969
Available for sale securities are generally classified within either Level 1 or Level 2 of the fair value hierarchy. The estimated fair values presented for the Company's available for sale investment portfolio are based on prices provided by an independent pricing service and a third party investment manager. The pric...
123
10K
4537
1,774
The prior year loss reserve development increased the loss ratio by 4.5 percentage points for the year ended December 31, 2011, and decreased the loss ratio by 0.4 percentage points for the year ended December 31, 2010. Excluding the impact of prior year loss development, the loss ratio was 64.3% for the year ended Dec...
114
10K
BaloiseHoldingLtd-AR_2015
2,293
Financial Report Notes to the consolidated annual financial statements 18.2.1 Fair value of plan assets
15
annual_report
1612
848
Interest payments required in 2001 based on December 31, 2000 balances will be $1.1 million
15
10K
SwissReAG-AR_2020
1,652
The risk tolerance respectability criteria for the Swiss Re Group are set out in the Group Risk Policy. The Group and SRZ Boards are responsible for approving the risk tolerance criteria, as well as for monitoring and reviewing risk tolerance. Breaches or anticipated breaches of limits established to control the risk t...
62
annual_report
LloydsBankingGroupPLC-AR_2014
5,929
NOTE 54: FINANCIAL RISK MANAGEMENT (CONTINUED) Customers receiving support from UK Government sponsored programmes The Group participates in a number of UK Government sponsored programmes designed to support households, which are described on page 121. Where these schemes provide borrowers with a state benefit that is ...
73
annual_report
5906
2,080
The fair value of our indexed annuity contracts is based on their approximate surrender values.
15
10K
SwissReAG-AR_1993
590
Changes Valuation difference based on exchange rate fluctuations 294.7 + 79.6 Increase of technical reserves in year under report + 1,552.1 + 1,508.4
23
annual_report
2755
5,759
Selective and its subsidiaries also provide services to each other in the normal course of business. These transactions totaled $19.4 million in 2005, $28.5 million in 2004, and $27.1 million in 2003. These transactions were eliminated in all consolidated statements. In computing the results of each segment, Selective ...
82
10K
ScorSE-AR_2013
2,882
Perestrakhovaniye, SCOR Global Life U.S. Re Insurance Company and SCOR Canada Reinsurance Company.
13
annual_report
fr_axa-AR_2008
4,948
17.5. EXPOSURE TO INTEREST-RATE RISk AND CONTRACTUAL MATURITIES The table below sets out the contractual maturities of other debt instruments issued, notes and bank overdrafts (excluding the impact of derivatives). Effective maturities may differ from those presented, mainly because some instruments include clauses all...
50
annual_report
4009
2,884
The projected benefit obligation and fair value of plan assets for U.S. pension plans with projected benefit obligation in excess of plan assets was $3.6 billion and $3.0 billion, respectively, as of December 31, 2009 and $3.4 billion and $2.8 billion, respectively, as of December 31, 2008.
47
10K
DirectLineInsuranceGroupPLC-AR_2016
2,744
Using the Group’s partial internal model, there is a capital surplus of approximately £0.9 billion above a solvency capital requirement of £1.4 billion at 31 December 2016. On 1 January 2016, this surplus was £0.6 billion above a solvency capital requirement of £1.8 billion calculated using the standard formula approac...
68
annual_report
HannoverRueckSE-AR_2019
4,168
N 25 Amortised cost, unrealised gains and losses and accrued interest on the portfolio of investments classified as available for sale as well as their fair value 2019 206
29
annual_report
gb_lloyds_banking_grp-AR_2006
457
Profit before tax in Business Banking grew by £51 million, or 26 per cent, reflecting strong growth in business volumes, further improvements in growing the Business Banking customer franchise and progress in improving operational efficiency. Strong income growth combined with tight cost control led to an improvement o...
125
annual_report
fr_axa-AR_2009
7,200
Their t otal estimated historical cost was €74 million and their market value €75 million at the end of December 2007.
21
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007
587
Rather, the key factor we consider is economic value added, which cannot be properly reflected by the combined ratio. We pursue this target internally through the performance indicator of value added, which measures value creation not only on the basis of current and forecast profits but also taking into account the si...
93
annual_report
4708
425
Revenues in Latin America and the Caribbean increased approximately 38.0% in local currency. The increase in 2013 was primarily due to an increase in claim volume associated with the automotive and marine business lines.
34
10K
ch_zurich_insurance_group-AR_2012
1,070
Share-based payment transactions (34) – (34) Change of ownership with no loss of control (5) – (5) Total comprehensive income 4,721 136 4,856
23
annual_report
5229
948
American Reliable is domiciled in Arizona and as such is subject to its state insurance department regulations.
17
10K
RSAInsuranceGroupPLC-AR_2009
1,028
The provisions for claims outstanding, and related reinsurance recoveries, are discounted where there is a particularly long period from incident to claims settlement and where there exists a suitable claims payment pattern from which to calculate the discount. In defining those claims with a long period from incident ...
121
annual_report
NatwestGroupPLC-AR_2013
2,980
Credit risk continued Credit risk assets* continued Divisional analysis £m £m £m
12
annual_report
HannoverRueckSE-AR_2012
2,139
Net book value at 31 December of the year under review 59,099 59,289
13
annual_report
3828
1,211
At issuance approximately $52.8 million in face value of the convertible debentures could not be settled in our common shares without prior shareholder approval and thus required bifurcation of the embedded derivative related to those convertible debentures. The derivative value of $16.9 million was determined using th...
99
10K
1118
433
Consolidated Balance Sheets as of December 31, 1998 and 1997 40
11
10K
AvivaPLC-AR_2001
351
In November the group raised £1.2 billion of subordinated debt to fund anticipated organic and inorganic growth.This has been treated as equity for the purposes of calculating the group’s gearing and interest cover, to reflect the characteristics of this form of capital.
42
annual_report
4206
1,116
Deferred policy acquisition costs increased by $895 million from $2.483 billion at December 31, 2009, to $3.378 billion at December 31, 2010. The increase is primarily driven by the capitalization of acquisition costs from the growth in sales of annuity products. The increase also includes $149 million related to the a...
55
10K
NatwestGroupPLC-AR_2009
1,730
Credit risk framework The approach taken to managing credit risk varies significantly between wholesale portfolios (loans, and other products giving rise to credit risk, to all but the smaller corporate customers, to financial institutions and to government entities) and retail portfolios (secured and unsecured loans a...
53
annual_report
HannoverRueckSE-AR_2018
547
We recognise a derivative for the credit risk associated with special life reinsurance treaties (ModCo) under which securities deposits are held by cedants for our account; the performance of this derivative in the year under review gave rise to negative fair value changes recognised in income of EUR 11.9 million (posi...
125
annual_report
fr_axa-AR_2000
2,443
ADRs in lieu of AXA ordinary shares in satisfaction of a pre-release. Each such pre-release or delivery of AXA ordinary shares must be: • subject to a written representation from the person to whom ADRs or AXA ordinary shares are to be delivered that that person or its customer
49
annual_report
4107
2,198
(3) The timing for the return of the collateral associated with our securities lending program is uncertain; therefore, the return of collateral is reflected as being due in 2010.
29
10K
4048
843
While we believe our estimates are appropriate, it is possible future events could require us to make significant adjustments for revisions to these estimates. For example, a 1% increase or decrease in our estimated medical claims liability would have affected net earnings by $3.0 million for the year ended December 31...
83
10K
HiscoxLtd-AR_2012
1,293
The levels of the fair value hierarchy are defined by the standard as follows: Level 1 – fair values measured using quoted prices (unadjusted) in active markets for identical instruments; Level 2 – fair values measured using directly or indirectly observable inputs or other similar valuation techniques for which all si...
78
annual_report
5844
1,034
From the acquisition date through December 31, 2020, the Company's Consolidated Statement of Operations include total WellCare revenues of $30,709 million. It is impracticable for the Company to determine the effect on net income resulting from the WellCare acquisition for the year ended December 31, 2020, as the Compa...
57
10K
3124
885
The Company has no material obligations under a guarantee contract. The Company has no material retained or contingent interests in assets transferred to an unconsolidated entity. The Company has no material obligations, including contingent obligations, under contracts that would be accounted for as derivative instrum...
107
10K
NatwestGroupPLC-AR_2020
5,769
‘NatWest Group is in the process of refocusing its NWM franchise, which entails significant commercial, operational and execution risks and the intended benefits for
24
annual_report
5557
1,378
The Oversight Board did not certify the PREPA RSA under Title VI of PROMESA as the Company believes was required by PROMESA, but rather, on July 2, 2017, commenced proceedings for PREPA under Title III of PROMESA.
37
10K
AvivaPLC-AR_2009
5,190
Below is a summary of the information contained in the Directors’ remuneration report which shareholders will be asked to approve at the forthcoming Annual General Meeting (AGM). The Directors’ remuneration report, contained in
33
annual_report
nl_ing_grp-AR_2019
5,678
The following table shows the notional amount of derivatives designated in net investment hedging split into the maturity of the instruments.
21
annual_report
fr_axa-AR_2016
5,032
In Switzerland, foreign exchange exposure amounted to €7,021 million (circa 48% of total assets) at the end of 2016 versus €6,661 million (circa 46% of total assets) in 2015, of which €4,934 million were hedged with foreign exchange derivatives (€4,564 million in 2015).
43
annual_report
2764
1,052
(d) Extraordinary gains in 2004 resulted from the excess of the fair value over the cost of net assets acquired in the Sirius, Symetra, Tryg-Baltica and Sierra transactions.
28
10K
HannoverRueckSE-AR_2008
592
Going hand-in-hand with the new module we have implemented self-assessment as a further criterion; in
15
annual_report
TrygAS-AR_2013
1,097
Investment risk Interest rate market Effect of 1% increase in interest curve: Impact of interest-bearing securities -851 -849 Higher discounting of claims provisions 864 755 Net effect of interest rate rise 13 -94 Impact of Norwegian pension obligation a) 291 282
41
annual_report
5063
1,892
The following table summarizes information for pension and other postretirement benefit plans with a projected benefit obligation and an accumulated benefit obligation in excess of plan assets as of December 31, 2015 and 2014:
34
10K
3982
1,404
The Company has established deferred compensation plans for directors, officers, and others. Compensation deferred is credited to the participants in cash, mutual funds, common stock equivalents, or a combination thereof. The Company may, from time to time, reissue treasury shares or buy in the open market shares of co...
77
10K
4558
1,382
A number of civil jury verdicts have been returned against insurers, broker dealers and other providers of financial services involving sales, refund or claims practices, alleged agent misconduct, failure to properly supervise representatives, relationships with agents or persons with whom the insurer does business, an...
193
10K
RaiffeisenBankInternationalAG-AR_2020
714
Sector Risk Controlling Services 1 Reports to the entire Management Board and Supervisory Board 2 Data Protection Offi cer for RBI and its Austrian subsidiaries – reports to the Management Board
31
annual_report
de_allianz-AR_2008
1,924
The constructive dialogue with the SE Works Council has helped us to build a good mutual understanding of the challenges ahead and ensures a productive cooperation between management and employee representatives at
32
annual_report
4399
872
(a) Asset-based policy charge revenue for 2011 was negatively impacted by the decline in average variable account balances.
18
10K
ch_zurich_insurance_group-AR_2016
957
The Group’s internal audit function (Group Audit) is tasked with providing independent and objective assurance to the Board, the Audit Committee, the Group CEO and management and to the boards and audit committees of subsidiary companies. This is accomplished by developing a risk-based plan, which is updated continuous...
140
annual_report