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4361
1,362
Acquisition Costs and Other Underwriting Expenses; Expense Ratio. Acquisition costs and other underwriting expenses increased $58.5 million, or 24.0%, to $302.8 million for the year ended December 31, 2010 from $244.3 million for the year ended December 31, 2009. The expense ratio decreased slightly to 22.1% from 22.7%...
97
10K
gb_prudential-AR_2015
6,216
Record date 29 March 2016 29 March 2016 29 March 2016
11
annual_report
4425
516
Book value per common share was $2.03 at December 31, 2011 as compared to $2.30 at December 31, 2010. The settlement of the American Country Pension Plan had no significant impact on book value per share.
36
10K
567
85
Total insurance benefits and expenses increased 66.1%, or $12,677,000, in 1996 from $19,189,000 in 1995. Interest credited to account balances increased 663.6%, or $8,774,000, in 1996 as a result of higher account balances associated with the Company's fixed account option within its variable products. Benefit claims i...
62
10K
BaloiseHoldingLtd-AR_2006
4,329
VORABDRUCKBalance as of December 31 86.7 422.9 49.6 28.6 38.5 626.3Balance as of December 31 86.7 422.9 49.6 28.6 38.5 626.3
21
annual_report
AssicurazioniGeneraliSpA-AR_2018
3,470
In addition to the above activities, in the course of its activity plan, the Board of Statutory Auditors: – held meetings with, and obtained information from the Group CEO, also in his role as Director in charge of the internal control and risk management system, the Group CEO, also in his role as Manager in Charge
56
annual_report
AvivaPLC-AR_2012
3,916
(i) Analysis of maturity of insurance and investment contract liabilities For non-linked insurance business, the following table shows the gross liability at 31 December 2012 and 2011 analysed by remaining duration. The total liability is split by remaining duration in proportion to the cash-flows expected to arise dur...
183
annual_report
680
229
The asset-liability relationship is appropriately managed in AIG's foreign operations, as it has been throughout AIG's history, even though certain territories lack qualified long-term investments or there are investment restrictions imposed by the local regulatory authorities. For example, in Japan and several Southea...
240
10K
HannoverRueckSE-AR_2010
2,571
Other foreign government debt securities 9,995 – 80 – 10,075 –
11
annual_report
3219
982
Stock-Based Compensation With the adoption of SFAS No. 123(R) on July 1, 2005, we are required to record the fair value of stock-based compensation awards as an expense. In order to determine the fair value of stock options on the date of grant, we apply the lattice-binomial option-pricing model. Inherent in this model...
120
10K
PhoenixGroupHoldingsPLC-AR_2017
1,698
REPORT ON MATTERS PRESCRIBED BY OUR ENGAGEMENT LETTER In our opinion: – the information given in the Strategic Report and the Directors’ Report for the financial year for which the financial statements are prepared is consistent with the financial statements; – the information given in the Corporate Governance Report s...
78
annual_report
ASRNederlandNV-AR_2012
750
If objective evidence of impairment exists, property, plant and equipment are tested for impairment and if necessary, written down to the fair value of the property, plant and equipment (see chapter 2.9).
32
annual_report
2734
810
In December 2004, the FASB revised SFAS No. 123, “Accounting for Stock-Based Compensation,” which established the fair-value-based method of accounting as preferable for share-based compensation awarded to employees and encouraged, but did not require, entities to adopt it until July 1, 2005. On April 14, 2005, the Sec...
304
10K
4711
1,338
Our net realized investment gains in 2012 and 2011 were $6.9 million and $12.3 million, respectively. The net realized investment gains in 2012 resulted from normal turnover within our investment portfolio. The net realized investment gains for 2011 included $8.0 million in gains that resulted from the previously plann...
89
10K
AegonNV-AR_2011
4,130
Vintage year AAA AA A BBB < BBB Amortized cost Of which insured Fair value
15
annual_report
4869
1,115
Our subsidiaries are required to maintain minimum capital requirements prescribed by various regulatory authorities in each of the states in which we operate. As of December 31, 2014, our subsidiaries had aggregate statutory capital and surplus of $1,699 million, compared with the required minimum aggregate statutory c...
92
10K
3594
570
The loss and loss adjustment expense ratio increased to 67.5% for the year ended June 30, 2006 from 65.9% for the year ended June 30, 2005. For the year ended June 30, 2006, we experienced a positive development for losses occurring in prior accident periods of $1.5 million, which we believe was attributable to the inh...
100
10K
SwissLifeHoldingAG-AR_2006
766
Financial assets pledged as collateral 12, 13, 37 124 1 232
11
annual_report
RaiffeisenBankInternationalAG-AR_2013
12
Key ratios 1/1–31/12 1/1–31/12 1/1–31/12 Return on equity before tax 7.8% (1.8) PP 9.7% 13.7% Return on equity after tax 5.7% (1.3) PP 7.0% 9.7% Consolidated return on equity 5.5% (1.9) PP 7.4% 10.8% Cost/income ratio 58.3% (3.2) PP 61.5% 56.0% Return on assets before tax 0.63% (0.10) PP 0.73% 0.98% Net interest margin...
62
annual_report
2556
537
• The average claim payment, which is affected by the size of loans insured (higher average loan amounts tend to increase losses incurred), the percentage coverage on insured loans (deeper average coverage tends to increase incurred losses), and housing values, which affect the Company’s ability to mitigate its losses ...
56
10K
762
682
Authorized Capital Stock. TIG Holdings' authorized capital stock consists of one million shares of $0.01 par value Class A convertible common stock, 180 million shares of $0.01 par value common stock, and 15 million shares of $0.01 par value preferred stock.
41
10K
3053
1,019
upfront premiums are earned on a basis proportionate to the scheduled periodic maturity of principal and payment of interest (“debt service”) to the original total principal and interest insured as opposed to earning in proportion to the expiration of the related risk;
42
10K
NatwestGroupPLC-AR_2004
1,349
Repo agreements with corporate and institutional customers are undertaken primarily by RBS Greenwich Capital in the US and by Financial Markets. Repo activity with customers represented 9% of the Group’s funding excluding capital and other liabilities at 31 December 2004.
40
annual_report
StorebrandASA-AR_2014
1,630
Of which premium reserve transferred to company -2 975 -1 886
11
annual_report
4851
3,200
membership in FHLBB requires the ownership of member stock and borrowings from FHLBB require the purchase of activity-based stock in an amount between 3.0% and 4.5% of outstanding borrowings depending on the maturity date of the obligation. As of December 31, 2013, PRIAC had no advances outstanding under the FHLBB faci...
51
10K
NatixisSA-AR_2019
1,336
Sixteen training sessions on 13 different topics were held in 2019. The 2019 training sessions were opened to members of the BPCE Supervisory Board and members of the Social and Economic Committee. Directors were also invited to attend sessions held by BPCE for Supervisory Board members.
46
annual_report
ScorSE-AR_2013
5,776
The main reconciling items between French GAAP on a statutory basis and IFRS of SCOR SE on a consolidated basis stated in the tables below relate to the consolidation of subsidiaries in the IFRS consolidated financial statements
37
annual_report
ScorSE-AR_2013
3,337
Deferred tax assets are recognized on net operating losses carried forward to the extent that it is probable that future taxable profit will be available to utilize those net operating losses carried forward. Management makes assumptions and estimates related to income projections to determine the availability of suffi...
88
annual_report
fr_axa-AR_2018
927
Underlying earnings before tax increased by €38 million (+18%) to €245 million: ■ Property & Casualty (€+21 million or +16%) to €152 million driven by higher volumes combined with favorable prior year reserve developments; ■ Life & Savings (€+10 million or +16%) to €71 million mainly driven by a higher net technical ma...
74
annual_report
HelvetiaHoldingAG-AR_2008
1,147
Total past due receivables from insurance business without individual impairment 102.3 92.2 42.5 38.2 16.1 18.8 30.3 49.6
18
annual_report
3165
2,514
PTNA and ANIC have not paid any dividends to Penn Treaty in 2006, 2005 or 2004 and are unlikely in the foreseeable future to be able to make dividend payments due to insufficient statutory surplus and anticipated earnings. However, our New York subsidiary, which is not subject to the Plan has not paid any dividends in ...
60
10K
ch_zurich_insurance_group-AR_2009
836
Various governance and control functions coordinate to help ensure that objectives are being achieved, risks are identifi ed and appropriately managed and internal controls are in place and operating effectively. This coordination is referred to as “integrated assurance.”
38
annual_report
3784
1,099
The following table presents for the periods indicated a reconciliation of the weighted average common shares used to calculate basic EPS to the weighted-average common shares used to calculate diluted EPS from continuing and discontinued operations:
36
10K
282
393
Effective January 1, 1995, ALLIED Mortgage adopted SFAS 122, "Accounting for Mortgage Servicing Rights, an Amendment of FASB Statement No. 65." Accordingly, ALLIED Mortgage recognizes as separate assets the rights to service mortgage loans for others, whether acquired through purchases or loan originations. Capitalized...
215
10K
HannoverRueckSE-AR_2019
1,051
The sustained demand for appropriate seminars and workshops geared to enhancing resilience and relaxation skills is a testament to the need for our preventive wellness measures among managers and staff alike. They continued to be complemented by our Employee Assistance Programme offering external and anonymous immediat...
62
annual_report
1817
556
We have audited the accompanying Consolidated Balance Sheets of American National Financial, Inc. and subsidiaries as of December 31, 2001 and 2000 and the related Consolidated Statements of Earnings, Comprehensive Earnings, Shareholders’ Equity and Cash Flows for each of the years in the three-year period ended Decemb...
76
10K
NatixisSA-AR_2019
8,900
In the case of complex financial instruments, particularly those in Level 3 and some in Level 2 of the fair value hierarchy, these approaches may include a significant amount of judgment given: The use of internal valuation models;V
38
annual_report
AvivaPLC-AR_2006
902
Credit risk exposures 1 AAA 2 AA 3 A 4 BBB 5 Speculative grade and not rated**
17
annual_report
Sampoplc-AR_2015
240
If P&C handled about 550,000 damaged cars in 2015. Damaged materials and waste could have an adverse impact on the environment if not managed correctly. Company’s environmental policy requires spare parts to be reused and recycled. Instead of brand new spare parts, thousands of tons of plastic and metal are reused each...
53
annual_report
1262
457
NOTE 2 INVESTMENTS (CONTINUED) The amortized cost and estimated market values of investments in debt and equity securities were as follows:
21
10K
nl_ing_grp-AR_2014
165
Total payments on this aid package amount to EUR 13.5 billion, resulting in an annualised return of 12.7 percent for the Dutch State.
23
annual_report
INGGroepNV-AR_2009
3,742
CREdIt RISK BASIS OF PRESENtAtION FOR CREdIt RISK The following paragraphs address the risk information for Pillar 3 reporting.
19
annual_report
fr_axa-AR_2003
2,299
(b) (i) UK Discontinued business has been transferred to International Insurance segment. (ii) UK Health business transferred from Life & Savings segment. Consequently FY 2001 has been restated including UK Health business.
32
annual_report
NatixisSA-AR_2016
6,782
Of which: -€21 million of dividend taxes (-€31 million at December 31, 2015) and tax savings of +€5 million resulting from the offset of previously unrecognized tax losses (d) against 2016 profits (€14 million at December 31, 2015).
38
annual_report
3478
682
Index to Financial Statements Torchmark’s health insurance underwriting margin excluding Part D before other income and administrative expense increased 2% in 2007 to $184 million from $181 million. In 2006, margin also rose 2%. As a percentage of premium, underwriting margin increased from 17.7% in 2006 to 17.9% in 20...
142
10K
3025
770
The Company’s consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”).
17
10K
2216
924
As described earlier in this discussion, we revised our segment reporting structure in 2003. Our ongoing operations are reported in two segments-Specialty Commercial and Commercial Lines. Those operations which are in runoff are reported in the Other segment. Premium growth of 24% in our ongoing segments in 2003 was dr...
77
10K
HannoverRueckSE-AR_2011
4,357
The recognised provision for pensions developed as follows in the year under review:
13
annual_report
2084
599
During 2002, Lorillard increased its net wholesale price of cigarettes by an average of $6.71 per thousand cigarettes ($0.13 per pack of 20 cigarettes), or 5.6%, before the impact of any promotional activities. Federal excise taxes are included in the price of cigarettes and on January 1, 2002, the federal excise tax o...
71
10K
gb_prudential-AR_2002
58
Other locations Denver, Colorado Santa Monica, California New York, New York Purchase, New York Brea, California Atlanta, Georgia Roseland, New Jersey Tampa, Florida Appleton, Wisconsin Bismarck, North Dakota
28
annual_report
1583
539
- $7.5 million from the sale to United of 75,000 newly-issued shares of our convertible voting preferred stock, which shares (1) are entitled to vote on all matters presented to our stockholders as if conversion has occurred, (2) are convertible into our common stock by dividing the $100.00 per share purchase price, pl...
100
10K
AssicurazioniGeneraliSpA-AR_2019
2,516
This grouping is an heterogeneous pool of activities different form insurance and asset management and in particular it includes banking activities, expenses related to the management and coordination activities, Group business financing as well as other activities that the Group considers ancillary to the core insuran...
82
annual_report
3039
775
The Company’s potential dilutive securities are stock options and convertible debt. Stock options are reflected in diluted earnings per share by application of the treasury-stock method and convertible debt is reflected in diluted earnings per share by application of the if-converted method. A reconciliation of net inc...
54
10K
4957
972
The fair value of the GMWB and GMAB embedded derivatives was reported as a contra liability, including $742 million of individual contracts in an asset position and $167 million of individual contracts in a liability position.
36
10K
4256
2,169
project financing transaction while the facultative covers generally reinsured certain policies up to the amount necessary for Syncora Guarantee and Syncora Guarantee Re to comply with certain regulatory and risk limits. The excess of loss reinsurance provided indemnification for the portion of any individual paid loss...
177
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008
2,267
Over three years and up to four years 7 47 8 46
12
annual_report
2188
882
Prudential Financial is one of the largest financial services firms in the U.S., offering clients a wide array of financial products and services, including individual life insurance, annuities, group life and disability insurance and pension and retirement services. We also offer mutual funds, asset management, real e...
88
10K
3075
1,204
Concurrently with entering into the Facility, the Company borrowed $200.0 million (the “Borrowing”) under the term loan portion of the Facility to finance its acquisition of USAgencies and to pay related costs and expenses. The principal amount of the Borrowing is payable in quarterly installments of $500,000, with the...
129
10K
2731
388
During 2005, we completed 8 acquisitions with annual revenues of approximately $21 million and do not expect to see any significant increase in this level of activity in the short term. Many smaller brokers still accept volume and profit-based contingent compensation but we attribute no value to such revenues in a pote...
74
10K
3559
608
In December of each year the Company’s Board of Directors (the “Board”) evaluates the performance of the dental HMO plan, capital and surplus requirements prescribed by the Ohio Department of Insurance, factors impacting its financial strength rating, funding needed to support strategic objectives for the coming years ...
106
10K
3817
1,107
downgrades announced by Moody’s and Fitch did not trigger any requirements for us to post collateral or otherwise negatively impact our current obligations.
23
10K
gb_lloyds_banking_grp-AR_2010
3,663
– reviewed litigation and regulatory risks; – received reports from the Divisional Financial Control Committees and the Group Business Risk Committee; – received reports from the internal audit department on internal controls, including SOX reports; – reviewed the Group’s key finance programmes; – reviewed details of t...
60
annual_report
4599
2,106
Amortization of DAC and intangibles decreased primarily as a result of lower premium volume in 2012. The year ended December 31, 2012 included a decrease of $8 million attributable to changes in foreign exchange rates.
35
10K
1299
454
At December 31, 1999 and 1998, property and equipment consisted of the following:
13
10K
2300
1,124
Net loss of $(27.0) million in 2002 or $(0.03) per share, basic and diluted, compared to net income of $1.065 billion or $1.39 per share, basic and diluted, in 2001. Results in 2002 benefited from the favorable rate environment that was significantly in excess of loss cost trends and lower weather-related catastrophe l...
196
10K
5761
730
•Level 2 includes observable inputs for assets or liabilities other than quoted prices included in Level 1, and it includes valuation techniques which use prices for similar assets and liabilities.
30
10K
fr_axa-AR_2007
1,620
The Company’s Bylaws require members of the Supervisory Board to own at least 100 AXA ordinary shares. In addition, to ensure that their interests and those of the Company are appropriately aligned, the Board’s Rules of Procedure provide that Supervisory Board members must own AXA shares in an amount at least equal to ...
66
annual_report
gb_prudential-AR_2016
5,601
6 We have nothing to report in respect of the matters on which we are required to report by exception Under ISAs (UK and Ireland) we are required to report to you if, based on the knowledge we acquired during our audit, we have identified other information in the annual report that contains a material inconsistency wit...
74
annual_report
AegonNV-AR_2006
2,811
AEGON The Netherlands offers fi nancial advice, provides asset management and administrative services and is involved in intercession activities in real estate. The fi nancial advice activities include selling insurance, pensions, mortgages, fi nancing, savings and investment products. The intercession activities in re...
60
annual_report
ScorSE-AR_2019
2,674
IrelandSCOR Life Ireland dac 100100 100100 Full 100- 100-SCOR Holding (Switzerland) AG (2) Switzerland FullSwitzerland 100100SCOR Switzerland Asset Services AG 100100
21
annual_report
StandardLifeAberdeenPLC-AR_2019
3,230
Subordinated notes 4.25% US Dollar fixed rate due 30 June 2028 $750m £563m $750m £581m 5.5% Sterling fixed rate due 4 December 2042 £92m £92m £500m £500m
27
annual_report
3632
1,264
In connection with the acquisition, the Company recorded goodwill and other intangibles of $1.1 billion and $583 million, respectively, all of which is reported within the Risk and Insurance Brokerage Services segment. None of the goodwill is deductible for tax purposes. Of the acquired intangible assets, $128 million ...
99
10K
fr_axa-AR_2006
3,962
(excluding macro hedging derivatives and other derivatives). Details of the effect of derivatives are provided in section 19.3.
18
annual_report
4032
1,145
As of December 31, 2009, as a result of the downgrades of our financial guaranty financial strength ratings, the counterparties to 133 of our financial guaranty transactions currently have the right to terminate these transactions. If all of these counterparties had terminated these transactions as of December 31, 2009...
125
10K
StorebrandASA-AR_2002
152
Storebrand's asset management activities reported a consolidated pre-tax loss of NOK 13 million for 2002 as compared to a profit of
21
annual_report
ASRNederlandNV-AR_2019
1,592
Since its formation on 1 March 2018, a.s.r.’s Works Council has been in operation throughout the year 2019. The accessible, transparent cooperation between the business lines committees, the Works Council and directors which was reported in the 2018 annual report, continued in 2019.
43
annual_report
2785
401
The Company received cash capital contributions from ALIC of $20.0 million and $64.2 million in 2005 and 2004, respectively, which were recorded as additional capital paid-in on the Statements of Financial Position.
32
10K
598
496
The Company's principal sources of revenue historically have been net premiums earned (net premiums are the balances remaining after deducting from gross written premiums amounts paid for unaffiliated reinsurance, and they are generally earned ratably over the policy periods) on insurance policies issued by the Company...
166
10K
4383
1,561
Fixed income securities by type are listed in the table below.
11
10K
5918
798
Unfavorable development in specialty was driven by increased loss severity in the accident year 2017 in Europe professional indemnity. This was partially offset by favorable development in accident years 2015 and prior in Europe healthcare and technology.
37
10K
HannoverRueckSE-AR_2017
2,286
Inlife Holding (Liechtenstein) AG 5, Triesen / Liechtenstein 15.00 CHF 3,608 15,645
12
annual_report
2685
1,501
Prior to disposal, the Company accounted for its investment in HAI utilizing the equity method and, accordingly, recognized its ratable share of HAI income and loss. See Note B of Notes to Consolidated Financial Statements. For the year ended December 31, 2002, the total HAI loss in the amount of $(9.6) million reflect...
90
10K
BaloiseHoldingLtd-AR_2014
2,720
Reclassification to non-current assets and disposal groups classified as held for sale – 0.4 – 0.1
16
annual_report
4732
1,370
Our current and past business practices are subject to review or other investigations by various state insurance and health care regulatory authorities and other state and federal regulatory authorities. These authorities regularly scrutinize the business practices of health insurance and benefits companies. These revi...
124
10K
3908
1,493
For 2007, net investment income increased primarily as a result of an increase in yields on invested assets. Interest expense increased due to an increase in the average deposit liability balance combined with an increase in crediting rates consistent with the yield changes noted above. Operating expenses increased by ...
72
10K
NatixisSA-AR_2019
3,038
the Second Circuit Court’s ruling before the Supreme Court. This request for permission is currently before the Supreme Court, which is expected to decide in 2020 whether it will agree to hear the case.
34
annual_report
1141
529
The third component of the change in benefit liabilities is the change in the rate used to discount claim reserves, including IBNR reserves, which resulted in a decrease of $114.8 million in benefit liabilities. Subsequent to the merger, the Company significantly restructured the investment portfolio backing these liab...
141
10K
2175
1,061
The Company offers four general classes of insurance products across both its excess and surplus lines (“E&S”) and specialty admitted business segments. These four classes of products are specific specialty
30
10K
fr_axa-AR_2005
2,852
(*) French Gaap information is disclosed under the IFRS presentation format. (a) Excludes insurance and banking activities.
17
annual_report
2822
671
Life Companies’ Discontinued Operations income was $42.7 million for the year ended December 31, 2005, compared to $37.2 million during the same period in 2004. This increase was primarily due to a benefit of $10.6 million resulting from a change in prior years tax reserves in 2005. Additionally, the combined effect of...
138
10K
DirectLineInsuranceGroupPLC-AR_2020
776
All queries are dealt with in one place by experienced consultants trained to handle the sensitive nature of these conversations. This helps to make a difficult task, that nobody wants to face alone, just that little bit easier.
38
annual_report
3448
1,189
(h)At December 31, 2006, White Mountains had $320 million outstanding under its credit facility. During 2007, White Mountains Re issued the $400 million WMRe Senior Notes, a portion of the proceeds of which were used to repay the borrowings under White Mountains' credit facility.
44
10K
4409
1,026
In May 2011, the FASB issued ASU No. 2011-04 regarding fair value measurements and disclosures. This new guidance clarifies the application of existing fair value measurement guidance and revises certain measurement and disclosure requirements to achieve convergence with International Financial Reporting Standards. Thi...
86
10K
2067
661
AIGFP is exposed to market risk due to changes in the level and volatility of interest rates and the shape and slope of the yield curve. AIGFP hedges its exposure to interest rate risk by entering into transactions such as interest rate swaps and options and purchasing U.S. and foreign government obligations.
52
10K
HannoverRueckSE-AR_2014
372
Despite the competitive climate and our margin-oriented underwriting policy, the gross premium for our business in North America rose slightly to EUR 1,213.4 million (EUR 1,177.3 million ). The combined ratio improved in the year under review to 91.8% (93.1%). The operating profit (EBIT) climbed to EUR 258.2 million (E...
60
annual_report
SwissReAG-AR_2009
406
ReSource Award Launched in 2002, Swiss Re’s ReSource Award for Sustainable Watershed Management aims to raise awareness of the ecological, social, and economic importance of water management in developing and emerging countries. The award is worth USD 150 000 and is granted to one or several projects that raise awarene...
65
annual_report
Sampoplc-AR_2008
2,114
The subsidiaries If P&C Insurance Ltd and If P&C Insurance Company Ltd provide insurance with mutual undertakings within the Nordic Nuclear
21
annual_report
NatwestGroupPLC-AR_2015
4,355
RBS’s exposure to Natural Resources in terms of CRA and TCE (total exposure including committed but undrawn facilities), is set out below.
22
annual_report
1264
782
Investment gains of $854.0, $1,448.4 and $837.6 and losses of $790.9, $962.4 and $264.4 were realized on securities available for sale for the years ended December 31, 1999, 1998 and 1997, respectively. Investment gains (losses) in 1999, 1998 and 1997 also include $306.4, $159.2 and $58.6 of net unrealized losses on eq...
58
10K
AvivaPLC-AR_2020
4,019
The key elements of our risk management framework comprise our risk appetite; risk governance, including risk policies and business standards, risk oversight committees and roles and responsibilities; and the processes we use to identify, measure, manage, monitor and report risks, including the use of our risk models a...
52
annual_report