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3184
604
We market supplemental health insurance products through a number of distribution channels with the two United American agencies being our market leaders. Over the past several years, we have placed greater emphasis on the sale of limited-benefit health insurance products rather than Medicare Supplement insurance as cu...
86
10K
HelvetiaHoldingAG-AR_2015
967
Business development Development of business segments and the weaker euro. The attractive real estate class made a disproportionately high contribution to the result in the amount of CHF 237.1 million. The performance of 1.6 % was in line with the market and generated a current investment result of CHF 1.1 billion.
51
annual_report
de_allianz-AR_2016
229
The Declaration of Conformity and further information on corporate governance at Allianz can be found on our website at www. allianz.com/corporate-governance.
21
annual_report
2558
814
Ohio Indemnity is statutorily required to file financial statements with state regulatory authorities. The accounting principles used to prepare such statutory financial statements follow prescribed or permitted accounting principles as defined in the National Association of Insurance Commissioners Accounting Practices...
73
10K
SwissReAG-AR_2012
3,258
Otherreservesbroughtforward – – Allocationfromretainedearnings – 2 730 Reclassificationoflegalreservesfromcapitalcontributionsintootherreserves 1 0281 2 5742 Regulardividendpaymentoutofotherreserves –1 0281 –1 2012 Specialdividendpaymentoutofotherreserves – –1 3732 Other reserves after all...
34
annual_report
4300
796
In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of ING Life Insurance and Annuity Company and subsidiaries at December 31, 2010 and 2009, and the results of their operations and their cash flows for each of the three years in the p...
65
10K
5415
15,165
The Company is litigating a class action case in California in which the plaintiffs allege off-the-clock wage and hour claims. Plaintiffs seek recovery of unpaid compensation, liquidated damages, penalties, and attorneys’ fees and costs.
34
10K
4419
1,856
The loss ratio decreased mainly attributable to a decrease in claim reserves from declining claim registrations as a result of stabilization of economic conditions in Europe and overall premium volumes declined driven by slower lending in Europe and our runoff block of business.
43
10K
5842
424
Fourth quarter 2020 results included $4.4 million of pretax net realized and unrealized gains, composed of $3.9 million of net unrealized gains on fair value changes of equity securities investments and $0.5 million of net realized gains on sale of securities investments recorded in the title segment.
47
10K
1590
585
Our insurance subsidiaries are regulated by various state insurance departments. In its ongoing effort to improve solvency regulation, the NAIC has adopted Risk-Based Capital ("RBC") requirements for insurance companies to evaluate the adequacy of statutory capital and surplus in relation to investment and insurance ri...
167
10K
5722
850
Primerica, Inc. and Subsidiaries Results. Our results of operations for the years ended December 31, 2019, 2018, and 2017 were as follows:
22
10K
HelvetiaHoldingAG-AR_2011
1,404
Reinsurance deposit receivables are classified as “Loans and receivables” (LAR). They include deposits held by the ceding direct insurer in respect of unearned premiums, future loss payments and actuarial reserves for assumed indirect business. The fair value at the reporting date equals the reported carrying values. T...
53
annual_report
PhoenixGroupHoldingsPLC-AR_2020
5,757
In pursuing these objectives, the Group deploys financial and other assets and incurs insurance contract liabilities and financial and other liabilities. Financial and other assets principally comprise investments in equity securities, debt securities, collective investment schemes, property, derivatives, reinsurance, ...
66
annual_report
gb_lloyds_banking_grp-AR_2017
100
Completed the acquisition of prime credit card business MBNA and announced the acquisition of Zurich’s UK workplace pensions and savings business
21
annual_report
5829
1,412
Ceding commission income. Ceding commission income is commission we receive based on the earned premium ceded to third-party reinsurers to reimburse us for our acquisition, underwriting and other operating expenses. We earn commissions on reinsurance premium ceded in a manner consistent with the recognition of the earn...
94
10K
4137
1,574
We follow Accounting Standards Codification, ASC, 944 - Financial Services - Insurance in determining the accounting for our reinsurance and insurance products.
22
10K
4286
4,941
Total assets increased 1%, or $8.2 million, to $603.6 million, at December 31, 2010, as compared to $595.4 million at December 31, 2009. The Group’s cash and invested assets increased $19.1 million or 5%, primarily due to net cash provided by operating activities. Premiums receivable decreased $1.2 million or 3%,which ...
145
10K
ch_zurich_insurance_group-AR_2008
1,721
Fair value hedges: Cross currency interest rate swaps 975 975 1,022 141 118
13
annual_report
5746
586
Premiums. Gross written premiums increased by 7.3% to $7,053.1 million in 2019, compared to $6,573.7 million in 2018, reflecting a $445.7 million, or 22.2%, increase in our insurance business and a $33.7 million, or 0.7%, increase in our reinsurance business. The rise in insurance premiums was primarily due to increase...
199
10K
ScorSE-AR_2018
72
* Return on equity is based on the Group’s share of net income divided by average shareholders’ equity (calculated as shareholders’ equity at the beginning of the period adjusted for the effect of all movements during the period using a prorata temporis method). The ROE calculation method was adjusted in 2014 to take i...
94
annual_report
gb_lloyds_banking_grp-AR_2018
1,655
Raising concerns in confidence The Group’s existing whistleblowing channel provides an opportunity for both colleagues and the wider workforce to raise concerns in confidence.
24
annual_report
PosteItalianeSpA-AR_2018
1,958
Indeed, the rational use of natural resources in compliance with ethical principles and social responsibility, and the focus on finding innovative environmental protection solutions, are the priorities the Poste Italiane Group has defined in its Code of Ethics, which sets out the fundamental principles that inspire us ...
53
annual_report
gb_lloyds_banking_grp-AR_2006
299
Impairment losses on loans and advances (1,238) – (308) (9) (1,555) – (1,555)
13
annual_report
TrygAS-AR_2003
1,271
Tryg Forsikring A/S committed itself towards Nordea Pension Danmark, livsforsikringsselskab A/S, to repurchase one property in connection with spinn-off of the subsidiary, Tryg Ejendomme I. Lease guarantees have been issued and consequently, the liabilities provided for amounted to DKK 33m.
40
annual_report
3141
1,194
Net foreign currency exchange gains (losses) for the years ended December 31, 2006 and 2005 were $738,000 and ($2,111,000), respectively. We routinely transact business in various foreign
27
10K
2912
784
As of December 31, 2005, the Company did not utilize any statutory accounting practices that are not prescribed by state regulatory authorities that, individually or in the aggregate, materially affected statutory capital and surplus.
34
10K
1537
419
The Company's future minimum lease payments for non-cancelable operating leases, relating primarily to office facilities and data processing equipment having a remaining term in excess of one year, at December 31, 2000, aggregated $8.9 million. The amounts due by year are as follows: 2001 - $2.0 million; 2002 - $2.0 mi...
95
10K
585
807
Conseco considers anticipated returns from the investment of policyholder balances in determining the amortization of the cost of policies purchased and cost of policies produced. Sales of fixed maturity investments change the incidence of profits on such policies because gains (losses) are recognized currently and, if...
129
10K
StandardLifeAberdeenPLC-AR_2014
4,199
12 months to 31 Dec 12 months to 31 Dec 12 months to 31 Dec 12 months to 31 Dec 12 months to 31 Dec 12 months to 31 Dec
30
annual_report
4335
769
Cost of sales increased due to the growth of our pharmacy benefit management program in the Workers’ Compensation Division.
19
10K
4921
1,637
Operating expense ratio - increased mainly due to higher compensation costs while net premiums earned decreased compared to 2012, and higher professional fees from the establishment of new business initiatives.
30
10K
SwissLifeHoldingAG-AR_2018
2,977
Level 3: The fair values of mortgages and other loans are estimated using the discounted cash flow method.
18
annual_report
SwissReAG-AR_2004
1,191
 Swiss Re continuously refines its state-of-the-art modelling tools to have a comprehensive view on all major catastrophe scenarios and offer clients optimal solutions for their risk portfolio management
29
annual_report
5474
1,587
related to the difference between historical and enacted tax rates. The update allows an entity to reclassify the difference related to the Tax Act from AOCI to retained earnings. The update is required to be adopted January 1, 2019, and early adoption is permitted for any interim or annual period for which financial s...
93
10K
ASRNederlandNV-AR_2012
255
a.s.r. uses the ECB AAA curve in the adequacy test provision to measure liabilities in the DNB solvency ratio inclusive of the UFR. This yield curve includes the Netherlands, Germany, France and Austria. If France’s rating is downgraded, it will be removed from the AAA ECB curve, so that the curve will drop and solvenc...
59
annual_report
3294
639
Cash used by operating activities was approximately $66,000 in 2007 and $814,000 in 2006, while operating activities provided cash of $171,000 in 2005, as shown in our statements of cash flows included elsewhere in this annual report. The improvement in operating cash flow in 2007, as compared to 2006, resulted primari...
98
10K
HannoverRueckSE-AR_2012
2,555
The actual and deferred taxes recognised directly in shareholders ’ equity in the financial year increased by -EUR 174.5 million to -EUR 207.3 million (-EUR 32.8 million) against the backdrop of unrealised gains and losses on investments.
37
annual_report
fr_axa-AR_2010
7,959
The estimated impact of the unlocking of discount rates relating to Life & Savings reserves was €-568 million for 2010
20
annual_report
4544
3,340
Investments in mortgage loans totaled $674.0 million at December 31, 2012 ($601.9 million - December 31, 2011). The Company's mortgage loans are mostly secured by commercial real estate and are stated at cost, adjusted for amortization of premium and accrual of discount, less an allowance for potential future losses. T...
234
10K
3865
1,331
The International segment includes life, accident and supplemental health insurance products and international health care products and services, including those offered to expatriate employees of multinational corporations.
27
10K
NatixisSA-AR_2018
450
Coface still has its sights set on filing for registration of its internal required solvency model in the summer of 2019. Talks are now underway with the regulator regarding this issue.
31
annual_report
5358
418
In 2017, we assigned a portion of our investments held in securities and indebtedness of related parties from the Corporate and Other segment to the Life Insurance segment, resulting in a net decrease in pre-tax income in the Corporate and Other segment for 2017, compared to prior periods. These investments include equ...
102
10K
4935
1,036
The Company also maintains benefit plans for its employees in India including a statutory post-employment benefit plan, or gratuity plan, providing defined, lump-sum benefits. The Company’s liability for the gratuity plan reflects the undiscounted benefit obligation payable as of the balance sheet date, which was based...
148
10K
5851
1,705
The selected loss development factors are also an important assumption, but are less critical than for U.S. Excess Casualty. Because these classes are written on a claims made basis, the loss reporting and development tail is much shorter than for U.S. Excess Casualty. However, the high severity nature of the losses do...
122
10K
122
368
The next portion of the preceding table reflects the cumulative payments made for each of the indicated years as they have developed through time. This table has been adjusted for a modification made to 1994 paid losses on a GAAP basis, not recorded for statutory net losses incurred. On a statutory basis, the modificat...
197
10K
4603
382
The above results compare to an estimated negative net impact to pretax income of $208 million related to a 10% equity price decline and an estimated negative net impact to pretax income of $24 million related to a 100 basis point increase in interest rates as of December 31, 2011. The change in the interest rate expos...
117
10K
NatixisSA-AR_2008
2,386
As from late 2006, Natixis further tightened its system of reporting of suspicious fi nancial transactions by implementing Norkom
19
annual_report
5014
538
On June 20, 2010, American Life acquired Capital Reserve in exchange for a cash payment of approximately $1.9 million. This transaction added approximately a like amount of assets to American Life. Capital and surplus of Capital Reserve as of December 31, 2014 and 2013 was $1,332,771 and $1,259,746, respectively. Capit...
68
10K
3770
1,120
• AIIC, which underwrites workers’ compensation insurance in the United States;
11
10K
HiscoxLtd-AR_2016
521
In 2016, Hiscox continued to work towards a real-term reduction in carbon emissions of 20% Scope 1 and 2 per FTE by 2020, relative to 2014. This year we achieved a 4% reduction in Scope 1 and 2 emissions per FTE against the 2014 baseline, and we remain on track to meet our 2020 target. The table above depicts our globa...
66
annual_report
2613
888
Specialty Segment Margin. Our specialty and other margin decreased 1%, or $2 million, to $244 million for the year ended December 31, 2003. The decrease was primarily driven by the loss of higher margin business, partially offset by an increase in unaffiliated membership in our behavioral health and PBM businesses.
50
10K
4989
2,137
Liabilities arising from our insurance activities primarily relate to benefit payments under various life insurance, property & casualty, annuity and group pension products, as well as payments for policy surrenders, withdrawals and loans. For annuity or deposit type products, surrender or lapse behavior differs somewh...
187
10K
5518
3,261
RSUs are units that, if vested, are payable in shares of BHF common stock. The Company does not credit RSUs with dividend-equivalents as RSUs do not accrue dividends. Accordingly, the estimated fair value of RSUs is based upon the closing price of shares on the date of grant, less a forfeiture rate. With the exception ...
119
10K
2134
1,439
assets should be separately recognized upon meeting certain criteria. Such intangible assets include,
13
10K
4183
6,275
The discussion in this Annual Report on Form 10-K may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We intend for these forward-looking statements to be covered by the safe harbor provisions of the federal securities laws relating to forward-looking sta...
761
10K
SwissReAG-AR_2018
2,217
Income before tax and variable compensation 4 773 100% 814 100% 863 100%
13
annual_report
StandardLifeAberdeenPLC-AR_2012
1,062
The Group also operates a number of legacy defined benefit pension schemes which arose on acquisitions, one of which is operated by the Company. All schemes are closed to new membership and to future service accruals. The Group’s net obligation in respect of these schemes is calculated separately for each scheme by est...
132
annual_report
1874
413
The largest assets of the Corporation and the Group are their invested assets. Consequently, accounting policies related to investments are critical. See further discussion of important investment accounting policies in the "Critical Accounting Policies" section and in Note 1C. The Corporation and the Group continually...
167
10K
1527
240
After September 8, 1999, we no longer structure our securitizations in a manner that results in recording a sale of the loans. Instead, new securitization transactions are being structured to include provisions that entitle the Company to repurchase assets transferred to the special purpose entity when the aggregate un...
129
10K
4537
1,570
Level 2-Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets.
39
10K
SwissReAG-AR_2019
6,106
in the Australian, UK and US real estate markets, reaching a total size of USD 2.1 billion by the end of 2019.
22
annual_report
LloydsBankingGroupPLC-AR_2017
3,877
The directors’ assessment of the prospects of the Group and of the principal risks that would threaten the solvency or liquidity of the Group We have nothing material to add or draw attention to regarding: – The directors’ confirmation on page 83 of the Annual Report that they have carried out a robust assessment of th...
179
annual_report
5602
9,516
· Changes in the fair value of other securities sold but not yet purchased, futures, hybrid financial instruments, securities purchased under agreements to resell, and securities sold under agreements to repurchase.
31
10K
5024
1,286
Net investment income after tax and noncontrolling interests decreased $95 million in 2014 as compared with 2013. The decrease was primarily driven by limited partnerships, which produced a rate of return of 9.7% as compared with 18.3% in the prior year. This was partially offset by an increase in fixed maturity securi...
66
10K
3552
1,318
In connection with the sale of the SCA Series A Preference Shares, we entered into a Replacement Capital Covenant (the “Replacement Capital Covenant”), whereby we agreed for the benefit of holders of one or more designated series of our long-term debt securities that we may issue in the future that (i) we will not rede...
257
10K
5728
641
In December 2019, the Financial Accounting Standards Board (“FASB”) revised U.S. GAAP with the issuance of Accounting Standards Update (“ASU”) 2019-12, Income Taxes (Topic 740). The amendments in this ASU simplify the accounting for income taxes by removing certain exceptions and clarifying certain requirements regardi...
90
10K
2734
1,057
Each period, the Company re-examines the previously established medical claims liability estimates based on actual claim submissions and other relevant changes in facts and circumstances. As the liability estimates recorded in prior periods become more exact, the Company increases or decreases the amount of the estimat...
48
10K
5403
818
Subsidiaries within the general insurance segment have generally obtained reinsurance coverage from independent insurance or reinsurance companies pursuant to excess of loss agreements. Under excess of loss reinsurance agreements the Company is generally reimbursed for claim costs exceeding contractually agreed-upon le...
77
10K
AvivaPLC-AR_2009
4,287
M5 – Segmentation of condensed consolidated statement of financial position Restated
11
annual_report
NatwestGroupPLC-AR_2007
4,135
The Group largely computes the VaR of trading portfolios at the close of business and positions may change substantially during the course of the trading day. Further controls are in place to limit the Group’s intra-day exposure; such as the calculation of the VaR for selected portfolios. These limitations and the natu...
86
annual_report
2048
979
Investments in life settlement contracts and related revenue recognition: The Company has purchased investments in life settlement contracts. Under a life settlement contract, CNA obtains the rights of being the owner and beneficiary to an underlying life insurance policy. The carrying value of each contract at purchas...
155
10K
2981
403
This ratio compares our expenses to obtain new business and renew existing business, plus normal operating expenses, to our net premiums earned. The ratio is used to measure how efficient we are at obtaining business and operating the insurance segments. The lower the percentage, the more efficient we are, all else bei...
69
10K
2529
5,492
There can be no assurance that future experience regarding benefits and surrenders will be similar to the historic experience on which such cash-flow testing is based, since withdrawal and surrender levels are influenced by such factors as the interest-rate environment and general economic conditions as well as the cla...
57
10K
LloydsBankingGroupPLC-AR_2015
2,347
All of a customer’s impaired loans are treated as forborne as they are considered as having been (or will be) granted some form of forbearance. Most impaired loans and advances exist only in the BSU within Commercial Banking division, and Run-off division.
42
annual_report
AvivaPLC-AR_2008
305
Launched in September 2008, Aviva Investors is a clear example of the “one Aviva, twice the value” strategy in action. Integrating our global asset management businesses under one umbrella, Aviva Investors is now a leading asset manager, operating in 15 countries with £236 billion of funds under management. We plan to ...
62
annual_report
AegonNV-AR_2013
913
The AFM supervises the conduct of, and the provision of information by, all parties in the financial markets in the
20
annual_report
657
182
General and Administrative Expenses. General and administrative expenses increased from $170.3 million in 1996 to $202.6 million in 1997, an increase of $32.3 million, or 19.0%. This increase was primarily due to higher expenses attributable to increased business levels and the re-entry of the P&C Group into the Califo...
83
10K
fr_axa-AR_2012
4,123
In Switzerland, foreign exchange exposure amounted to €4,103 million (circa 30 % of total assets) at the end of 2012, of which €3,622 million were hedged with foreign exchange forwards.
30
annual_report
PosteItalianeSpA-AR_2017
397
In terms of BancoPosta’s capital structure, the CET 1 ratio for 2017 is 17%, compared with 16% in 2016, confirming the strength of the entity’s balance sheet, which was further boosted by Poste Italiane SpA’s contribution of fresh capital of €210 million in 2018.
44
annual_report
5234
808
Group disability sales decreased compared to 2015 due to lower sales to new customers in both the core market segment, which we define as employee groups with fewer than 2,000 employees, and in the large case market segment, partially offset by an increase in sales to existing customers. Sales for group life and accide...
93
10K
StandardLifeAberdeenPLC-AR_2013
2,633
The Appointed Actuary’s assumption for future cash flows from equity securities and property is not based on current dividend or rental yields, but is a long-term assumption based on historic average yields. In the event of a one-off fall in equity security and property values, the Appointed Actuary would not necessari...
80
annual_report
AvivaPLC-AR_2011
2,772
Acquired value of in-force business and intangible assets 1,742 145 44 90 2,021 Interests in, and loans to, joint ventures and associates 2,035 5 — 778 2,818
27
annual_report
1638
464
Guaranty fund assessments for the year ended December 31, 2001 were approximately $1.3 million, an increase of $0.9 million as compared to the year ended December 31, 2000. ProAssurance is required by most states to be a member of its insolvency or guaranty fund association and, as such, must make payments to the assoc...
91
10K
3302
831
While the projected expense of handling these lawsuits is higher than what the pool participants have averaged in the past, it is not proportional to the number of plaintiffs, and is mitigated to some extent through cost sharing agreements with other insurance companies. The Company believes its settlement expense rese...
56
10K
gb_lloyds_banking_grp-AR_2000
78
WE AIM TO LOOK AFTER OUR CUSTOMERS SO WELL THAT THEY WILL WANT US TO HANDLE MORE OF THEIR FINANCIAL AFFAIRS
21
annual_report
4184
1,631
We have prepared the consolidated financial statements of Cincinnati Financial Corporation and our subsidiaries for the year ended December 31, 2010, in accordance with accounting principles generally accepted in the United States of America (GAAP).
35
10K
NatixisSA-AR_2018
354
In addition, the insurance business is monitored via prudential and regulatory oversight, a process that has seen significant changes: the Solvency II Directive came into effect on January 1, 2016,a resulting in changes in organizational structure, operating procedures and the assessment of minimum solvency as required...
199
annual_report
fr_axa-AR_1999
4,954
Purchase Accounting Adjustment 188 188 b03-338 • Items 17-19 (US) 23/05/00 12:14 Page F-79 PHILIPPE PHILIPPE 2:JOBS:AXA:03-338 • AXA COB 1999 (US):
22
annual_report
fr_axa-AR_2015
5,773
“Liquidity and Capital Resources” of this Annual Report: 4.1. RISK MANAGEMENT ORGANIZATION
12
annual_report
gb_prudential-AR_2015
5,558
Notes (i) The tables shown above are provided as an indicative volume measure of transactions undertaken in the reporting year that have the potential to generate
26
annual_report
HelvetiaHoldingAG-AR_2016
1,269
Through branch offices and subsidiaries, the Group operates in the insurance markets of Switzerland, Germany, Austria, Spain, Italy and France, and worldwide in the Active Reinsurance business. Helvetia also has branches in Singapore and Malaysia and representative offices in Liechtenstein, the USA and Turkey. Some of ...
63
annual_report
2243
240
Income before income taxes and net income improved in 2003 and 2002, each as compared to the immediately prior year, due primarily to improvements in underwriting profit (loss) in each succeeding year. Underwriting profit (loss) represents net premiums earned less net losses and loss adjustment expenses, net commission...
215
10K
HannoverRueckSE-AR_2011
2,278
tion includes data specified as mandatory for the notes (§ 314
11
annual_report
5851
15,316
 Favorable development on Europe Property and Special Risks, Europe and Japan Personal Insurance and Other product lines.
18
10K
HannoverRueckSE-AR_2004
196
to approach these investigations in a relaxed frame of mind, since our underwriting guidelines have long addressed the issues that provoked the bulk of the scepticism towards financial reinsurance. What is more, the protracted hard market in recent years and the associated opportunities for our clients to strengthen th...
121
annual_report
4873
1,802
No impairment of the Company’s goodwill asset was noted following the annual impairment review for the years ended December 31, 2014 and 2013. No changes were made in the methodologies and assumptions used in the Company’s application of its impairment testing. The Company expects the amortization of the intangible ass...
77
10K
SwissLifeHoldingAG-AR_2007
423
Responsible Corporate Conduct | Trust is a key component of long-term success in the world of life insurance and pensions. The trust Swiss Life inspires is based primarily on the quality of its products and services, but is also greatly influenced by the company ’s activities beyond its actual field of operations. Swis...
67
annual_report
ASRNederlandNV-AR_2013
1,207
136a.s.r. 2013 annual report 2013 consolidated financial statements ASR Nederland N.V.
11
annual_report
NatwestGroupPLC-AR_2019
4,875
The UK and EU are currently seeking to determine the terms of their future relationship by the end of the transition period, and the resulting economic, trading and legal relationships with both the EU and other counterparties currently remain unclear and subject to significant uncertainty. If the UK and EU do not agre...
91
annual_report
4148
1,687
Estimated future amortization of VOBA, net of interest (in millions), as of December 31, 2009, was as follows:
18
10K