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2121
10,005
Goodwill represents the excess of cost of subsidiaries over AFG's equity in their underlying net assets. Through December 31, 2001, goodwill was being amortized over periods of 20 to 40 years. Effective January 1, 2002, AFG implemented Statement of Financial Accounting Standards ("SFAS") No. 142, under which goodwill i...
108
10K
NatwestGroupPLC-AR_2019
1,509
 RBS operates within a 1:1 regulatory cap of variable to fixed pay which is considered to be a restrained and proportionate approach to executive remuneration.
26
annual_report
374
1,057
FUTURE POLICY BENEFITS AND CLAIMS. Liabilities for future policy benefits not yet incurred are computed primarily using the net level premium method including actuarial assumptions as to investment yield, mortality, morbidity and withdrawals.
33
10K
4081
1,391
The Company’s investments in available for sale securities reported as Fixed Maturities and classified as Level 1 in the above tables primarily consist of U.S. Treasury Bonds and Notes. The Company’s investments in available for sale securities reported as Equity Securities and classified as Level 1 in the above tables...
164
10K
5710
1,465
The Company provides deferred income taxes on temporary differences between the financial reporting basis and the tax basis of the Company’s assets and liabilities based upon enacted tax rates. The effect of a change in tax rates is recognized in income in the period of change. The Company provides for a valuation allo...
138
10K
3418
1,068
this can change based on market opportunities. There can be no assurances that we will not incur losses greater than 15% of our statutory surplus from one or more catastrophic events due to the inherent uncertainties in estimating the frequency and severity of such events, the margin of error in making such determinati...
77
10K
ScorSE-AR_2015
3,010
 Internal communication: SCOR strives to make all documents deemed important available to all SCOR employees on SCOR’s intranet. Furthermore, SCOR has increased the use of collaborative sites enabling it to share and retain document history or to collect and centralize information specific to certain subjects (e.g. em...
52
annual_report
RSAInsuranceGroupPLC-AR_2010
1,055
Senior Independent Director. Edward Lea was therefore appointed to this position on 27 January 2011
15
annual_report
3426
1,195
We believe that our reserves for loss and LAE are sufficient to cover losses that fall within the terms of our policies and agreements with our insured and reinsured customers on the basis of the methodologies used to estimate those reserves. However, there can be no assurance that our actual losses will not exceed our...
76
10K
3357
1,195
On March 11, 2008 Keith Bouchey, President and CEO of Brooke Corporation resigned and on March 12, 2008 the stock price of Brooke Credit Corporation fell below the stated value in the loan covenants on the $9,000,000 Citizens Bank and Trust. Citizens Bank and Trust has no intentions of accelerating the note maturity at...
76
10K
gb_prudential-AR_2005
4,707
(2004: £116 million) in respect of shares issued in lieu of cash dividends and an FRS 26 adjustment in respect of prior years of negative £13 million, retained profit at 31 December 2005 amounted to £774 million (2004: £1,017 million as restated). The Company employs no staff.
47
annual_report
3874
2,336
See Capital Resources and Liquidity, Ratings for information on the equity risk impact on statutory results.
16
10K
5250
714
Our policy for funding our defined benefit pension plan is to contribute amounts at least sufficient to meet the minimum funding requirements under the IRC. The Employee Retirement Security Act of 1974, as amended (which we refer to as ERISA), could impose a minimum funding requirement for our plan. We were not require...
197
10K
2351
2,447
The U.S. Insurance segment reflected $54.0 million and $58.7 million of net adverse prior period reserve adjustments for the years ended December 31, 2004 and 2003, respectively. The adverse prior period reserve adjustments were principally due to accident years 2000 through 2002, where the Company strengthened its res...
99
10K
fr_axa-AR_2017
5,954
(1 ) The Tax Code of Ethics sets forth four guiding principles: to remain up to date with respect to applicable law and regulations, to comply with tax law and regulations, to maintain a good relationship with local tax authorities and not to engage in aggressive tax driven transactions.
49
annual_report
PhoenixGroupHoldingsPLC-AR_2020
487
To maintain a customer satisfaction score which is 90% or above.
11
annual_report
4119
923
Effective July 1, 2009, the Company began reporting all of the debt securities in its investment portfolio as available-for-sale, other than certain auction rate securities subject to a forward contract that continue to be classified as trading securities. The decision to reclassify the securities as available-for-sale...
102
10K
2791
571
Berkshire and its subsidiaries are parties to contracts associated with ongoing business and financing activities, which will result in cash payments to counterparties in future periods. Notes payable and securities sold under agreements to repurchase are reflected in the Consolidated Financial Statements along with ac...
91
10K
StandardLifeAberdeenPLC-AR_2016
34
Expanding our reach We are building on the strong foundation of our business in the UK, with acquisitions during 2016 that have strengthened our position in the advice and adviser platform markets. We continued to expand internationally too, including a new office in Tokyo and commencing a strategic partnership with Ch...
58
annual_report
5509
750
Accounting for workers' compensation insurance requires us to estimate the liability for the expected ultimate cost of unpaid losses and LAE (loss reserves) as of a balance sheet date. Loss reserve estimates are inherently uncertain because the ultimate amount
39
10K
4240
2,233
In 2010, MBIA Corp. did not declare or pay any dividends to MBIA Inc. or the holders of its preferred stock. MBIA Corp. is currently unable to pay dividends, including those related to its preferred stock, as a result of its earned surplus deficit as of December 31, 2010.
49
10K
2391
1,358
Annuities. The results of our Retirement Income and Investments segment are affected primarily by interest rate fluctuations and volatile equity markets, as discussed above under “-Overview-Business trends and conditions-General conditions and trends affecting our businesses.” In addition, our competitive position with...
253
10K
1424
304
FASCorp administered records for approximately 1,875,000 participants in 2000 versus 1,595,000 in 1999. FASCorp's fee income was $63.8 million, $53.8 million, and $44.0 million for the years ending December 31, 2000, 1999 and 1998, respectively.
35
10K
RaiffeisenBankInternationalAG-AR_2008
627
Newly formed individual provisions rose by 78 per cent on the preceding year to € 502 million. The increase was mostly registered in Central Europe, where provisions climbed by 204 per cent to € 230 million. The focus of the increase was in Hungary (plus € 49 million) and Poland (plus € 39 million). In the CIS, provisi...
91
annual_report
gb_prudential-AR_2007
226
This includes a new Flexible Lifetime Annuity, and an Income Drawdown product which helps customers manage their pension through the various stages of retirement, as well as offering flexibility and the potential for growth through investment. We have also made a number of enhancements to our lifetime mortgage range, i...
84
annual_report
3817
1,520
In addition, Golden Gate issued $130.0 million in aggregate principal amount of floating rate surplus notes to PLC. The Company has also entered into intercompany reinsurance agreements that provide for a more balanced mix of business at various insurance entities. These reinsurance transactions were eliminated in cons...
47
10K
de_allianz-AR_2015
243
Directors’ dealings Members of the Board of Management and the Supervisory Board are obliged by the German Securities Trading Act (“Wertpapierhandelsgesetz ”) to disclose any transactions involving shares of Allianz SE or financial instruments based on them to both Allianz SE and the German Federal Financial Supervisor...
91
annual_report
3876
901
The Company’s analysis of securities for the quarter ended December 31, 2008 resulted in the determination that 16 securities (14 issuers) had other-than-temporary impairments and were written down by a combined $20.0 million. The fair value of the investments after the write-downs was $11.3 million.
45
10K
DirectLineInsuranceGroupPLC-AR_2018
342
– Reiteration of financial targets for 2019 and over the medium term of achieving a combined operating ratio in the range of 93% to 95% normalised for weather. In 2019, targeting operating expenses below £700 million. Reiteration of ongoing target of achieving at least a 15% return on tangible equity.
50
annual_report
ScorSE-AR_2008
530
Asia-Pacifi c - Rest of World 931 626 481 292 158 74 639 468 406
15
annual_report
1726
807
2000 COMPARED TO 1999 -- Written premiums increased $132, or 9%, due primarily to policy count growth and improved renewal retention in the AARP program as well as growth in the Affinity business unit resulting from increased business from the Ford and Sears accounts.
44
10K
fr_axa-AR_2002
66
• Our balance sheet is strong and we continue to reduce our long-term debt level.
15
annual_report
TrygAS-AR_2009
1,208
In addition, members of the Supervisory Board who sit on the audit committee and the remuneration committee receive remuneration for these duties. The committee chairmen receive one and a half times the fee of the other members.
37
annual_report
4839
866
Insurance premiums for prospective property/casualty and health insurance and reinsurance are earned over the loss exposure or coverage period, in proportion to the level of protection provided. In most cases, premiums are recognized as revenues ratably over the term of the contract with unearned premiums computed on a...
119
10K
fr_axa-AR_2017
3,499
Contract specific risks (insurance risk, asset return risk, inflation risk, persistency, adverse selection, etc.) directly related to the contracts are also considered.
22
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006
2,196
In December 2005, ERGO Versicherungsgruppe AG signed agreements with GFKL Financial Services AG under which the latter would acquire its majority stake in the ADA-HAS Group, an IT systems specialist. The governing bodies and cartel authorities have given the formal approvals still outstanding when the agreements were s...
60
annual_report
1874
477
Given the unfavorable regulatory environment for private passenger auto in New Jersey and uncertainty over the future profitability of the Group's private passenger auto business in the state, the Group announced in the fourth quarter of 2001 the transaction to allow the Group in early 2002 to stop writing private pass...
319
10K
1809
414
Also in June 2001, the FASB issued SFAS No. 142, "Goodwill and Other Intangible Assets," which addresses how intangible assets that are acquired individually or as a group of other assets should be accounted for in financial statements upon their acquisition. This statement also addresses how goodwill and other intangi...
164
10K
4712
8,045
Municipal: Municipal bonds that are not rated by third party credit rating agencies but are rated by the National Association of Insurance Commissioners ("NAIC"). The primary inputs to the valuation of these municipal bonds include quoted prices for identical or similar assets in markets that exhibit less liquidity rel...
121
10K
RSAInsuranceGroupPLC-AR_2010
367
• We are confident of our ability to continue to deliver excellent results
13
annual_report
Sampoplc-AR_2018
1,709
The changes in the fair value reserve are disclosed in the Statement of changes in equity. Other income and expenses comprise rental income, maintenance expenses and depreciation of investment property. All the income and expenses arising from investments are included in Net income from investments. Gains/losses includ...
152
annual_report
1340
678
The following table summarizes the composition of the fixed maturity securities by category as of December 31, 1999 and 1998:
20
10K
LloydsBankingGroupPLC-AR_2020
2,770
Investment Performance: Measures the Group’s investment portfolio through 3 lenses of Benefits, Cost and Delivery 11 8 3 The Investment Performance measure was impacted by the Group’s decision to re-prioritise the investment portfolio and divert resources to support the response to the pandemic.
43
annual_report
gb_prudential-AR_2009
5,134
Share dealing services The Company's Registrars, Equiniti, offer a postal dealing facility for buying and selling Prudential plc ordinary shares; please see the Equiniti address above or telephone 0871 384 2248. They also offer a telephone and internet dealing service, Shareview, which provides a simple and convenient ...
75
annual_report
fr_axa-AR_1999
4,935
l i a b i l i t i e s
11
annual_report
2358
1,154
The accompanying consolidated financial statements of Cincinnati Financial Corporation and subsidiaries for the year ended December 31, 2004, were prepared by management in conformity with accounting principles generally accepted in the United States of America (GAAP).
36
10K
3142
1,074
A third assumption is that case loss reserve adequacy is consistent over time. The following table displays the impact on the Company’s results of operations, for the latest ten accident years, of a five percent variance in case loss reserve adequacy from the level anticipated in the incurred loss projection factors. I...
184
10K
3574
1,115
Upon a Fixed Rate Distribution Event, the distribution rate on the AGC Preferred Stock will equal the fixed rate equivalent of one-month LIBOR plus 2.50%. A "Fixed Rate Distribution Event" will be deemed to have occurred during the Auction Rate Mode when AGC Preferred Stock is outstanding, if: (1) AGC elects to have th...
122
10K
Sampoplc-AR_2018
875
In calculating the key figures the tax corresponding to the result for the accounting period has been taken into account. The valuation differences, adjusted with the deferred tax liability, on the investment property have been taken into account in return on assets, return on equity, equity/assets ratio and net asset ...
98
annual_report
318
308
JAMES L. CINNEY has held the position of Senior Vice President - Loss Control of SNIC since 1994. Before joining the Company, Mr. Cinney was self-employed in the hospitality industry for one year. Prior to that, he was Vice President, responsible for Loss Control, at Industrial Indemnity Insurance Company. Mr. Cinney h...
85
10K
ASRNederlandNV-AR_2009
1,192
ProPerty, Plant and equiPment other Pledges and guarantees excess value oF Pledges relative to imPairments 2 non- guaranteed outstanding amount
20
annual_report
3912
1,241
Other Operating Expenses. Other operating expenses were $255.5 million for 2008, compared to $183.4 million for 2007. The increase in 2008 includes: (i) a $10.5 million increase in our reserve for contract underwriting services, (ii) a $9.3 million increase in compensation expense related to our stock- and cash-based p...
135
10K
1312
245
The Company and its subsidiaries, the Exchange and its subsidiary and EFL share a corporate home office complex in Erie, Pennsylvania which contains 358,202 square feet and is owned by the Exchange. At December 31, 1999 in addition to the Erie branch office, the Company also operated 20 additional field offices in 10 s...
85
10K
NatixisSA-AR_2019
11,825
Corporate purpose (Article 2 of the bylaws): The corporate purpose, in France and elsewhere comprises: the conduct of all banking business and related businesses as per the banking law;V
29
annual_report
NatwestGroupPLC-AR_2018
2,764
The table below shows internal back-testing exceptions for the 250-business-day period to 31 December 2018 for one-day 99% traded internal VaR compared with Actual and Hypo P&L for the major NatWest Markets businesses.
33
annual_report
24
205
Protective leases furnished office space and computers to affiliates. Lease revenues were $2.8 million in 1993, $2.6 million in 1992, and $2.8 million in 1991. Protective purchases data processing, legal, investment
31
10K
NatixisSA-AR_2005
3,663
Ownership of capital stock at December 31, 2005 At December 31, 2005, the main shareholders of Natexis Banques Populaires were as follows: (1) Wholly-owned subsidiary of Banque Fédérale des Banques Populaires.
31
annual_report
fr_axa-AR_2016
296
(b) Includes Portugal, Turkey, Greece, Morocco, Mexico, Colombia, Poland, Czech Republic, Slovak Republic and Luxembourg.
15
annual_report
NatwestGroupPLC-AR_2018
1,234
Cost:income ratio 12.5% C:I ratio – significant progress to 56% Vesting under the Safe & Secure and Customers & People categories will be qualified by Committee discretion taking into account the margin by which targets have been missed or exceeded and any other relevant factors
45
annual_report
5344
1,225
For most classes of shorter-tailed business in our Commercial and Personal Lines segments, the emergence of paid and incurred losses generally exhibits a relatively stable pattern of loss development from one accident year to the next. Thus, for these classes, the loss development factor method is generally appropriate...
120
10K
2121
10,524
Upon formation in 1999, the CDO issued securities in various senior and subordinate classes and the proceeds were invested in primarily floating rate, secured bank loans, and to a lesser extent, high yield bonds, all of which serve as collateral for the securities issued by the CDO. None of the collateral was purchased...
121
10K
GjensidigeForsikringASA-AR_2017
606
Deviations from the Code of Practice: None 6. The general meeting The general meeting is Gjensidige’s supreme body.
18
annual_report
SwissReAG-AR_2015
1,670
Protecting the Florida Hurricane Catastrophe Fund The state of Florida has over UsD 3 trillion of coastal assets, one of the highest concentrations anywhere in the world. but as the state lies within the infamous “hurricane alley,” its population faces a latent disaster risk. in response, the state-run Florida Hurrican...
69
annual_report
5569
577
Sundance Strategies, Inc. (formerly known as Java Express, Inc.) was organized under the laws of the State of Nevada on December 14, 2001, and engaged in the retail selling of beverage products to the general public until these endeavors ceased in 2006; it had no material business operations from 2006, until its acquis...
280
10K
LloydsBankingGroupPLC-AR_2017
2,723
Macroeconomic headwinds and political uncertainties: Uncertainty over the UK’s eventual relationship with the EU, and the implications of a minority UK government, create a more uncertain outlook for the UK economy. A rise in global protectionism led by the US, fuelled by growing income inequality and an accompanying r...
68
annual_report
fr_axa-AR_2010
12,231
(j) Sick absences with a total duration of less than one year.
12
annual_report
1893
239
DEFERRED POLICY ACQUISITION COSTS Commissions and other costs of acquiring traditional life and health insurance, credit insurance, universal life insurance, and investment products that vary with and are primarily related to the production of new business, have been deferred. Traditional life and health insurance acqu...
243
10K
PosteItalianeSpA-AR_2016
4,843
Net provisions and losses on doubtful debts (uses of provisions) 10 (63)
12
annual_report
PosteItalianeSpA-AR_2020
8,770
This item comprises: z debt securities and loans that are classified in the “Other/Trading” business model (thus not in the “Hold to Collect” and “Hold to Collect and Sell” business models) or fail to meet the SPPI test180; z equity instruments held for trading or that were not initially recognised at fair value throug...
105
annual_report
StandardLifeAberdeenPLC-AR_2015
4,221
Level 3 Fair values measured using inputs that are not based on observable market data (unobservable inputs).
17
annual_report
PhoenixGroupHoldingsPLC-AR_2018
1,861
Aggregate gains of Directors from share options exercised and vesting shares under all share plans in 2018 were £525,707 (2017: £3,129,255).
21
annual_report
SwissReAG-AR_1973
146
The report of the Auditors appointed by the ShareThe actuariai auditor, Mr. H. Bühlmann, has moreover holders appears on page 22. confirmed in his report that the technical reserves of
30
annual_report
5169
653
Interest expense. The increase in interest expense in 2015 from 2014 primarily reflects higher interest expense at the Alleghany parent company arising from the issuance of the 2044 Senior Notes (as defined on page 111 of this Form 10-K) on September 9, 2014, partially offset by lower interest expense at TransRe result...
170
10K
4933
689
In the normal course of business, we enter into insurance contracts, financing transactions, lease agreements or other commitments which are necessary or beneficial to our operations. These commitments may obligate us to certain cash flows during future periods. The following table summarizes such obligations as of Dec...
49
10K
3203
388
Assets consisting of gross paid losses recoverable from assuming reinsurers, and balance sheet date reserves similarly recoverable in future periods as gross losses are settled and paid, are established at the same time as the gross losses are paid or recorded as reserves. Accordingly, these assets are subject to the s...
91
10K
AvivaPLC-AR_2018
1,427
Mark Wilson6 Tom Stoddard Andy Briggs Maurice Tulloch7 Total emoluments of
11
annual_report
gb_prudential-AR_2009
4,621
For UK annuity business, rebalancing of the asset portfolio backing the liabilities to policyholders may from time to time take place to align it more closely with the internal benchmark of credit quality that management applies. Such rebalancing will result in a change in the projected yield on the asset portfolio and...
108
annual_report
5819
1,034
Testing the underlying data that served as the basis for the actuarial analysis, including historical claims, to test that the inputs to the actuarial estimate were reasonable.
27
10K
HannoverRueckSE-AR_2010
256
In the subsequent voting the Annual General Meeting adopted by a large majority the resolutions proposed by the Executive
19
annual_report
Sampoplc-AR_2005
463
Banking and investment services Revenue EURm 1,105 989 1,119 1,261 1,664
11
annual_report
430
751
The ratio of APU's (parent-only) long-term debt to total capital was 13%, 17% and 24% at December 31, 1996, 1995 and 1994, respectively. APU's ratio of earnings to fixed charges on a total enterprise basis was 8.92, 3.35 and 1.72 for the years ended December 31, 1996, 1995 and 1994, respectively.
51
10K
1593
188
Net income totaled $39.3 million in 2000, $55.7 million in 1999 and $53.9 million in 1998. The decrease in net income in 2000 is generally attributable to an increase in realized losses on investments, due principally to writedowns for other-than-temporary impairments in value. In addition, net investment income decrea...
208
10K
PowszechnyZakladUbezpieczenSA-AR_2016
349
The new rules are subject to severe administrative sanctions applied in case of a breach of any obligations or rules governing the sale.
23
annual_report
DirectLineInsuranceGroupPLC-AR_2018
2,827
Lease payments under operating leases recognised as an expense in the year 21.3 18.8
14
annual_report
RaiffeisenBankInternationalAG-AR_2012
1,167
IFRS 9 (Financial instruments; entry into force on January 1st, 2015)
11
annual_report
RaiffeisenBankInternationalAG-AR_2011
897
Return on equity before tax – 4.6% – – – –
11
annual_report
AegonNV-AR_2014
1,898
Global Head of Compliance and Operational Risk Management a number of compliance, regulatory and legal issues from Europe, the United States and Asia. In particular, the Board discussed the latest developments with regard to the issue of unit-linked policies in the Netherlands. The Board also followed up on specific is...
58
annual_report
3727
426
Substantial regulation of the insurance and annuity industry may adversely affect our business.
13
10K
AegonNV-AR_2017
6,848
Purchases of equity securities by the issuer and affiliated purchasers Purchases of equity securities by the issuer and affiliated purchasers Purchases of equity securities by the issuer and affiliated purchasers Purchases of equity securities by the issuer and affiliated purchasers
40
annual_report
3652
817
As discussed in Note 16 to the consolidated financial statements, Ambac adopted SFAS No. 157, “Fair Value Measurements” in 2008.
20
10K
5532
520
Our operating revenue consists of premiums and administrative fees and other revenue. Premium revenue comes from fully-insured contracts where we indemnify our policyholders against costs for covered health and life benefits. Administrative fees come from contracts where our customers are self-insured, or where the fee...
92
10K
4619
543
decrease is partially offset by a $35 million increase in benefits and expense in the Company’s Retirement Services segment and a $31 million increase in benefits and expense in the Other segment.
32
10K
gb_lloyds_banking_grp-AR_2017
2,755
Governance frameworks The policy framework is founded on Board-approved key principles for the overall management of risk in the organisation, which are aligned with Group strategy and risk appetite and based on a current and comprehensive risk profile that identifies all material risks to the organisation. The princip...
71
annual_report
HannoverRueckSE-AR_2011
562
1 billion. For Hannover Re this gave rise to a major loss with net expenditure in the order of EUR 16 million.
22
annual_report
5159
891
Premium Revenue. Premium revenue is earned on a daily pro-rata basis over the term of the policies and is included in gross premiums earned. Unearned premiums represent the portion of the premiums attributable to the unexpired policy term. The Company reviews its policy detail and establishes an allowance for any amoun...
69
10K
5340
2,634
• On November 14, 2016, we entered into an agreement to sell our Japan life insurance business AIG Fuji Life Insurance Company, Ltd. (AFLI) to FWD Group, the insurance arm of Pacific Century Group.
34
10K
5087
1,474
On September 16, 2014, Radian Guaranty entered into the BofA Settlement Agreement in order to resolve various actual and potential claims or disputes related to the parties’ respective rights and duties as to mortgage insurance coverage on the Subject Loans. The consent of the GSEs required to implement the BofA Settle...
98
10K
2116
218
The Company's financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("GAAP"). The preparation of our financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts of assets and liabilities and disclos...
127
10K
2220
1,246
Many of the derivative instrument strategies used by the Company are also used for the closed block. The table below provides a summary of the notional amount and fair value of derivatives by hedge accounting classification at:
37
10K
RSAInsuranceGroupPLC-AR_2019
858
· Engaged our key suppliers on reducing our environmental impact through promotion of ‘repair over replace’.
16
annual_report