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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% for the years ended December 31, 2010 and 2009, respectively. The decrease in the expense ratio in 2010 resulted primarily from a decline in other underwriting expenses, which resulted from a change in product mix from the Small Commercial Business segment to the Specialty Risk and Extended Warranty segment. | 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 incurred in excess of account balances increased 19.4%, or 353,000, in 1996 from $1,824,000 in 1995. | 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 during that period, as permitted under IFRS 4, Insurance Contracts. Almost all linked business and non-linked investment contracts may be surrendered or transferred on demand. For such contracts, the earliest contractual maturity date is therefore the current statement of financial position date, for a surrender amount approximately equal to the current statement of financial position liability. We expect surrenders, transfers and maturities to occur over many years, and the tables reflect the expected cash flows for these contracts. However, contractually, the total liability for linked business and non-linked investment contracts would be shown in the ‘within 1 year’ column below, and previously the total liability for linked business was shown in the ‘within 1 year’ column. Changes in durations between 2011 and 2012 reflect evolution of the portfolio, and changes to the models for projecting cash-flows. | 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 Southeast Asia territories, the duration of the investments is often for a shorter period than the effective maturity of such policy liabilities. Therefore, there is a risk that the reinvestment of the proceeds at the maturity of the investments may be at a yield below that of the interest required for the accretion of the policy liabilities. At December 31, 1997, the average duration of the investment portfolio in Japan was 5.7 years, while the related policy liabilities were estimated to be 13.7 years. To maintain an adequate yield to match the interest required over the duration of the liabilities, constant management focus is required to reinvest the proceeds of the maturing securities without sacrificing investment quality. To the extent permitted under local regulation, AIG may invest in qualified longer-term securities outside Japan to achieve a closer matching in both duration and the required yield. AIG is able to manage any asset-liability duration difference through maintenance of sufficient global liquidity and to support any operational shortfall through its international financial network. Domestically, active monitoring assures appropriate asset-liability matching as there are investments available to match the duration and the required yield. (See also the discussion under "Liquidity" herein.) | 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 are assumptions related to expected stock-price volatility, option life, risk-free interest rate, post-vesting terminations, sub-optimal exercise factor and dividend yield. While the risk-free interest rate, post-vesting terminations, sub-optimal exercise factor and dividend yield are less subjective assumptions that are based on factual data derived from public sources, the expected stock-price volatility and option life assumptions require a greater level of judgment which makes them critical accounting estimates. | 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 set out on pages 53 to 62 with respect to internal control and risk management systems in relation to financial reporting processes is consistent with the financial statements; and | 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 Securities and Exchange Commission announced that it would provide for a phased-in implementation process that allowed non-small business registrants with a fiscal year ending December 31, 2005 an extension until January 1, 2006 to adopt SFAS No. 123(R), “Share-Based Payment.” SFAS No. 123(R) eliminates the alternative to use APB Opinion No. 25, “Accounting for Stock Issued to Employees,” which allowed entities to account for share-based compensation arrangements with employees according to the intrinsic value method. SFAS No. 123(R) requires the measurement of the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. The cost will be recognized over the period during which an employee is required to provide service in exchange for the award. No compensation cost is recognized for equity instruments for which employees do not render service. The Company will adopt SFAS No. 123(R) effective January 1, 2006 using the modified prospective method, which will require compensation cost to be recorded as expense over the remaining vesting period, for the portion of outstanding unvested awards at January 1, 2006, based on the grant-date fair value of those awards. The effect of adoption of SFAS No. 123(R) is estimated to be approximately $2.7 million after tax in 2006, which includes approximately $28,000 for unvested options outstanding at December 31, 2005. The substantial majority of the expense estimated for 2006 relates to unvested options to purchase 2,065,500 shares of common stock awarded in connection with the IPO. See Note 23 to the Consolidated Financial | 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 planned periodic sales of a portion of our holdings of an equity security that we obtained in an initial public offering and for which a selling restriction expired during 2011. We did not recognize any impairment losses during 2012 or 2011. | 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 capital and surplus requirements of $851 million. During the year ended December 31, 2014, we contributed $401 million of statutory capital to our subsidiaries. We estimate our Risk Based Capital, or RBC, percentage (including KSHP) to be in excess of 350% of the Authorized Control Level. | 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 inherent uncertainty in the estimation process and was not the result of any individual factor. The loss ratio for the year ended June 30, 2006 increased primarily as a result of higher loss ratios in our expansion states and from an increase in storm losses. | 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 (average interest-bearing assets) 3.11% 0.46 PP 2.66% 2.90% | 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 through sales of properties with delinquent mortgages. | 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 facility. | 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 sufficient future taxable income. SCOR uses a discounted cash flow model comprised of an earnings model, which considers forecasted earnings, and other financial ratios of legal entities based on board approved business plans, which incorporate key drivers of the underwriting results. | 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 margin in G/A Savings Group annuities; ■ Health (€+7 million or +51%) to €22 million mainly driven by an improved claims experience. | 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 2006, 2005 or 2004. | 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 mortgage servicing rights are assessed periodically for impairment based on the fair value of those rights. ALLIED Mortgage stratifies its mortgage servicing portfolio on the basis of certain risk characteristics, including loan type and note rate, and determines fair value based upon the present value of estimated future cash flows. Impairment is recognized through a valuation allowance for each impaired stratum. The total valuation allowance for capitalized mortgage servicing rights was $1,368 as of December 31, 1995. The fair value of capitalized mortgage servicing rights as of December 31, 1995 was approximately $40,186. Capitalized mortgage servicing rights are amoritzed over twelve years using the straight-line method, which management believes approximates the realization of the related net servicing income. Amortization of servicing rights for the years ended December 31, 1995, 1994, and 1993 was $4,728, $3,507, and $6,033, respectively. The adoption of SFAS 122 did not have a material effect on the financial statements. Prior to adoption of SFAS 122, the Company capitalized only the costs related to purchased mortgage servicing rights. | 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 immediate counselling on personal, professional and health concerns as well as access to a service for families. | 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 December 31, 2001. These Consolidated Financial Statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits. | 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 year. | 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 2007, after having risen from 17.5% in 2005. These increases were primarily the result of the reduced loss ratios in the previously-mentioned closed block of cancer business at Liberty and improvements in American Income’s loss ratios, especially in 2006. Liberty’s health margins increased $6 million or 20% in 2007, or 24% of health premium. They also rose $3 million to $29 million in 2006, representing 20% of premium. American Income’s margins rose $3 million to $24 million in 2006 and $2 million to $26 million in 2007, 36% of premium in both periods. | 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 driven by strong business retention levels, price increases, as well as new business (including premium volume resulting from our acquisition of the right to renew certain business previously | 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 on cigarettes increased by $2.50 per thousand cigarettes ($0.05 per pack of 20 cigarettes) to $19.50 per thousand cigarettes. | 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, plus any accrued and unpaid dividends, by the initial conversion price of $6.145 (the average market price of our common stock at the time of issuance), (3) receive cumulative stock dividends of 10% per annum in additional shares of convertible voting preferred stock, (4) prohibit the payment of | 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 insurance business. The holding expenses mainly include the holding and regional sub-holding expenses regarding coordination activities, the expenses related to parent company stock option and stock grant plans as well interest expenses on the Group financial debt. | 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 income and weighted-average shares outstanding is as follows: | 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 covered by Syncora Guarantee Re in excess of 10% of Syncora Guarantee Re’s surplus, up to an aggregate amount of $500 million, and excluded coverage for liabilities arising other than pursuant to the terms of the underlying policies. In 2007, in relation to the excess of loss and facultative reinsurance agreements described above, the Company recorded within “loss from operating affiliates,” losses in the amount of $300.0 million and $51.0 million, respectively. As detailed below, subsequent to June 30, 2008 the Company executed the Master Agreement in connection with, among other things, the termination of these reinsurance agreements. As at June 30, 2008 and December 31, 2007, the Company’s total net exposure under its facultative agreements with Syncora subsidiaries was approximately $6.4 billion and $7.7 billion, respectively, of net par outstanding. | 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 estate and relocation services and, through our investment in Wachovia Securities, securities brokerage services. We serve individual and institutional customers in over 30 countries through a variety of channels, including one of the largest proprietary distribution forces in the life insurance industry. | 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 remaining balance due on the seventh anniversary of the closing of the Facility. Beginning in 2008, we are also required to make additional annual principal repayments that are to be calculated based upon our financial performance during the preceding fiscal year. In addition, certain events, such as the sale of material assets or the issuance of significant new equity, necessitate additional required principal repayments. As of March 14, 2007, we have no borrowings under the revolving portion of the Facility. | 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 potential acquiree: our ability to offer a competitive price to such brokers is consequently limited except in countries where contingent compensation is immaterial. | 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 and any other factors deemed relevant by the Board and, based on that evaluation, determines whether or not to return the payment to the providers of any portion of the provider withhold. Once authorized by the Board, such amounts are recorded as additional healthcare services expense in the period authorized and shown as additional claims payable liability until paid. | 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 the Group’s whistle blowing procedures and incidents; – discussed the mis-selling of PPI; and | 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 losses of $54.7 million compared to $67.1 million in 2001. The comparison to 2001 also benefited from the inclusion in 2001 of losses of $489.5 million related to the terrorist attack on September 11th. Results in 2002 reflected unfavorable prior year reserve development of $1.487 billion, which included the asbestos charge discussed above, compared to $38.7 million of favorable prior year reserve development in 2001. After tax net investment income decreased $89.4 million or 6% in 2002 due to reduced returns in the Company’s public equity investments and the lower interest rate environment. Net income in 2002 was favorably impacted by the elimination of goodwill amortization and lower interest expense. Net realized investment gains were $99.0 million and $209.9 million in 2002 and 2001, respectively, and the net loss for 2002 included a charge of $242.6 million due to the adoption of FAS 142. | 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 the amount of directors fees received in the course of any given year. | 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 with either that knowledge or the financial statements, a material misstatement of fact, or that is otherwise misleading. | 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 real estate comprise brokerage activities of residential as well as commercial real estate and real estate management business. | 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 was assigned to registered trademarks, which were determined to have indefinite useful lives. Of the remaining balance of intangible assets acquired, $453 million were assigned to customer relationships, and $2 million was assigned to non-competition agreements, which are being amortized over weighted average useful lives of 12 and 1 years, respectively. | 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, our net par outstanding would have been reduced by $37.7 billion, with a corresponding decrease in unearned premium reserves of $11.5 million and a decrease in the present value of expected future installment premiums of $152.1 million. Net unrealized losses on derivatives of $192.1 million would also have been reversed had these transactions been terminated. We have no transaction where our counterparty currently has the right to terminate the transaction with settlement on a mark-to-market basis. | 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's insurance company subsidiaries, income derived from the Company's invested assets and miscellaneous other income. The Company's principal costs historically have consisted of reserves for loss and loss adjustment expenses (reserves for such loss and loss adjustment expenses, which initially are estimated based on a combination of the Company's historical data and industry averages, are reflected as expense in the periods in which they are initially estimated and as the estimates are revised the revisions are reflected as adjustments to expense in the periods in which the adjustments are made), commissions and other amounts paid by the Company's insurance company subsidiaries in connection with its producing and underwriting insurance policies issued by the Company's insurance company subsidiaries, and miscellaneous other expenses. | 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 reflected the Company’s share of HAI’s operating losses of $(3.1) million plus a $(6.5) million impairment charge related to the adjustment to the carrying value of the Company’s investment in HAI taken in the second quarter of 2002. | 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 reviews focus on numerous facets of our business, including claims payment practices, provider contracting, risk adjustment, competitive practices, commission payments, privacy issues, utilization management practices, and sales practices, among others. Some of these reviews have historically resulted in fines imposed on us and some have required changes to some of our practices. We continue to be subject to these reviews, which could result in additional fines or other sanctions being imposed on us or additional changes in some of our practices. | 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 $4.1 million during 2007 as compared to 2006 primarily due to reclassification of certain contract expenses and partially offset by reduced corporate allocations. | 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 liabilities with the objective of improving asset and liability management and improving yield. As part of this strategy, during the third quarter of 1999, the Company sold $426.1 million of assets with a book yield of 5.98 percent and purchased $546.6 million of assets with a yield of 8.87 percent, improving the overall yield on the assets backing liabilities. As a result of this investment restructuring and consistent with its policy, the Company increased the rate used to discount claim reserves to 7.35 percent, resulting in a decrease of $114.8 million in benefit liabilities. | 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 decreased GMDB reserve expenses under SOP 03-1 and derivative losses associated with the GMDB hedging program, both net of DAC, was favorable by $6.3 million in 2005 as compared to 2004. These changes were partially offset by the continued run-off of our variable life insurance and annuity business that resulted in lower fees, net of both related DAC amortization and operating expenses. Also, there was a decrease in net investment income due to lower average general account assets and lower pre-tax yields on fixed maturity securities. | 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. This guidance is effective for the first interim or annual period beginning after December 15, 2011. In the period of adoption, the Company will include the required disclosures in its filings and believes the adoption will have no impact on its consolidated financial statements. | 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 (EUR 236.4 million), a performance with which we are highly satisfied. | 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 awareness of water issues and generate or exchange relevant know-how, extending best practices in water management. | 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 equity securities in the Company's trading portfolio. | 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 and stress and scenario testing. | 52 | annual_report |
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