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4082
1,733
Over time the data inputs change as new sources become available, existing sources are discontinued or are no longer considered to be reliable or the most appropriate. It is always the Company’s objective to move to higher levels on the hierarchy, but the Company sometimes moves to lower priority inputs because of disc...
118
10K
5150
653
The overall U.S. economic environment continued improving during 2015 by a number of measures. The U.S. Department of Commerce Bureau of Economic Analysis reported that gross domestic product increased 2.4% during 2015. According to the U.S. Bureau of Labor Statistics ("BLS"), the estimated unemployment rate fell to 5....
136
10K
NatwestGroupPLC-AR_2013
6,101
Super senior CDO - the most senior class of instrument issued by a CDO vehicle. They benefit from the subordination of all other instruments, including AAA rated securities, issued by the CDO vehicle.
33
annual_report
HiscoxLtd-AR_2009
433
The Board retains ultimate authority for high level strategic and management decisions including: setting Group strategy, approving significant mergers or acquisitions, approving the financial statements, declaration of the interim dividends and recommendation of the final dividend, approving Group business plans and b...
111
annual_report
LloydsBankingGroupPLC-AR_2014
5,624
Trading and other financial assets at fair value through profit or loss 16,803 6,673 10,832 927
16
annual_report
2889
1,572
A number of proposals to modify Superfund have been made by various parties. However, no modifications were enacted by Congress during 2005, and it is unclear what positions Congress or the Administration will take and what legislation, if any, will result in the future. If there is legislation, and in some circumstanc...
121
10K
fr_axa-AR_2009
9,096
These amounts are subject to adjustment to refl ect the impact of certain capital transactions, including, but not limited to: capital increases, free allotments of stock, stock splits or similar transactions.
31
annual_report
2152
573
litigated in Continental Insurance Co., et al. v. Honeywell International Inc., No. MRS-L-1523-00 (Morris County, New Jersey).
17
10K
4639
772
Medicare Advantage Rates and Minimum Loss Ratios. Medicare Advantage pricing benchmarks have been cut over the last several years and additional cuts were implemented in 2012, with changes to continue to be phased in over the next one to five years (benchmarks will ultimately range from 95% of Medicare fee-for-service ...
150
10K
gb_prudential-AR_2008
3,815
Equity carried forward at 31 December 2008 477 *Comprising £66 million for solvency capital and £27 million for business development.
20
annual_report
62
133
The Company targets markets that it believes are underserved by other insurance companies. It has a decentralized operating structure and utilizes distinct distribution systems to access each of its targeted markets and to provide timely, individualized service to its customers. The Company emphasizes the sale of marke...
94
10K
PosteItalianeSpA-AR_2020
6,850
At 31 December 2020, outstanding liabilities of €14,711 million relate to repurchase agreements entered into by the Company with major financial institutions and Central Counterparties, amounting to a total nominal value of securities committed for €13,456 million. €7,083 million of this amount regards Long Term Repos ...
149
annual_report
5731
1,911
An increase in the weighted average cost of capital would result in an increase in the fair value of the liability for losses and LAE and reinsurance balances recoverable on paid and unpaid losses. Conversely, a decrease in the weighted average cost of capital would result in a decrease in the fair value of the liabili...
69
10K
DirectLineInsuranceGroupPLC-AR_2013
2,940
The weighted average share price during the period of exercise was £2.17 in the year ended 31 December 2013 (2012: not applicable).
22
annual_report
2042
1,000
Approximately 93% of the fixed maturities held by AFC were rated "investment grade" (credit rating of AAA to BBB) by nationally recognized rating agencies at December 31, 2002. Investment grade securities generally bear lower yields and lower degrees of risk than those that are unrated or noninvestment grade. Managemen...
64
10K
4922
1,357
Development of Estimated Reserves for Property and Casualty Loss and Loss Expenses
12
10K
1726
874
The Hartford continues to receive claims that assert damages from environmental exposures and for injuries from asbestos and asbestos-related products, both of which affect the Property & Casualty operation. Environmental claims relate primarily to pollution and related clean-up costs. With regard to these claims, unce...
268
10K
nl_ing_grp-AR_2018
3,776
Loans and advances to customers –394 137 35 24 –1 2 –198
12
annual_report
5831
1,523
•our expectations about future results of our underwriting, investing, Markel Ventures and other operations are based on current knowledge and assume no significant man-made or natural catastrophes, no significant changes in products or personnel and no adverse changes in market conditions;
41
10K
1301
370
For 2000, the Company continues to pursue ways to improve its underwriting processes and oversight in both risk and management services products with the objective of increasing premium yields and profitable growth in its markets. The Company's migration of certain of its operating activities (e.g., customer service, c...
163
10K
2789
718
The average account value of annuity contracts in force, which increased due to increases in premiums collected as summarized in the “Other data” table above, totaled $4,637.6 million for 2005, $3,762.0 million for 2004 and $2,959.4 million for 2003. These account values include values relating to index contracts total...
62
10K
ch_zurich_insurance_group-AR_2008
1,736
The net loss deferred in shareholders’ equity on derivatives designated as cash fl ow hedges was USD 107 million and USD 144 million before tax for the years ended December 31, 2008 and 2007, respectively. During 2008, the portion recognized in income was a loss of USD 54 million and a gain of USD 111 million before ta...
111
annual_report
NatixisSA-AR_2002
175
Bank for less than five years.Currently, a quarter of the Bank’s people are under 35, and 40% are under 40. A comprehensive set of procedures has also been set up for new hires, including induction courses, welcome packs and CD-Roms, enabling new recruits to swiftly find their feet and grasp the way their new company w...
56
annual_report
DirectLineInsuranceGroupPLC-AR_2016
1,790
Relative TSR test – upper quintile – 100% vesting 2015 – updated 2016 – estimated 2016 – estimated
18
annual_report
LloydsBankingGroupPLC-AR_2018
4,659
Total income, net of insurance claims 17,267 384 (212) – 17,439
11
annual_report
4396
648
Operating gain decreased $478.2 to an operating loss of $8.8 in 2010, primarily due to the sale of the PBM business on December 1, 2009 and higher unallocated operating expenses.
30
10K
fr_axa-AR_2017
5,244
The assumptions for each of the liabilities are consistent with the economic features of the corresponding countries’ plans. The weighted-average financial assumptions used by AXA for pension plans in the principal regions in which AXA operates were as follows: DECEMBER 2017 ASSUMPTIONS
42
annual_report
RaiffeisenBankInternationalAG-AR_2007
2,367
Own funds requirement for the trading book according to Sec. 22b (1) BWG 146,236 136,542
15
annual_report
1089
1,277
s/CARL H. LINDNER Chairman of the Board March 30, 1999 Carl H. Lindner of Directors
15
10K
3012
472
Accounting for Participating Individual Life Insurance: Participating policies issued by one of our subsidiaries prior to its 1986 conversion from a mutual to a stock life insurance company will remain participating as long as the policies remain in force. A Participation Fund Account (PFA) was established for the bene...
119
10K
AegonNV-AR_2013
165
In accordance with Solvency II requirements, Aegon has set up risk management processes and governance structures.
16
annual_report
gb_prudential-AR_2011
3,105
a Fair value of available-for-sale securities as a percentage of book value The following table shows the fair value of the debt securities in a gross unrealised loss position for various percentages of book value at 31 December: Fair value Unrealised loss Fair value Unrealised loss
46
annual_report
Sampoplc-AR_2005
732
Sampo Life aims at giving a total return before charges and taxes on policyholders ’ savings in contracts with DPF that is at least the yield of a Finnish government long-term bond. The total return consists of the guaranteed interest rate and bonuses determined annually. As for the level of the total return, continuit...
87
annual_report
3408
834
During 2002 and 2001, the Company offered loans to certain employees for the sole purpose of purchasing the Company’s Class B common stock in the open market. Principal and interest totaling $2,228 and $2,343 relating to such loans was outstanding at December 31, 2007 and 2006, respectively. Loans carry interest rates ...
97
10K
5866
2,570
Shares for both options outstanding and exercisable have no aggregate intrinsic value.
12
10K
ScorSE-AR_2018
2,664
Net gains/(losses) on cash flow hedge - - - 3 - - - - 3
15
annual_report
4911
1,674
In addition to reserving actions, we have made significant changes to the ongoing environmental business included in Commercial Insurance with the goal of ensuring that the current policies are being written to earn an appropriate risk adjusted profit. Underwriting guidelines have been revised to no longer cover known ...
113
10K
GjensidigeForsikringASA-AR_2014
639
An attractive share The Gjensidige share yielded a total return for the shareholders of 21.6 per cent in 2014. The average number of shares traded daily on Oslo Stock Exchange was around 500,000, and the share is among the 25 most liquid shares listed on Oslo Stock Exchange. In addition, a substantial number of shares ...
79
annual_report
ch_zurich_insurance_group-AR_2007
3,228
• In the UK, the level of frictional costs however reduced as a result of the reinsurance of a major part of its closed book of annuity business and a reduction in the corporate tax rate from 2008 onwards.
39
annual_report
2538
884
On June 30, 2003, the Company awarded 605,000 restricted share units to employees of the Company. The restricted share units are exercisable for common shares without payment of cash consideration and vest over periods ranging from 68 months to 95 months. No restricted share units were awarded in 2002.
49
10K
2139
702
- the elimination of $5.9 million deferred acquisition cost (DAC) asset on all products of United Benefit Life and Provident American Life; and
23
10K
SwissReAG-AR_2015
2,617
FInanCIaL STaTEMEnTS notes to the Group financial statements 200 Swiss Re 2015 Financial Report
14
annual_report
1443
378
Our operations to date have not been profitable. As of December 31, 2000, we had an accumulated deficit of $17.8 million. We expect to continue operating at a loss during the current fiscal year as we implement our new business plan. These losses are primarily attributable to costs associated with scaling up Sunteck's ...
72
10K
1051
277
(A) Net income for 1998 was reduced by $1.1 million which represents the cumulative effect (net of tax) of an accounting change for guaranty fund assessments due to the adoption of the American Institute of Certified Public Accountants' Statement of Position 97-3. The cumulative effect reduced net income per share of c...
60
10K
PhoenixGroupHoldingsPLC-AR_2015
1,823
Amortisation: Amortisation of acquired in-force business (98) – – – – (98)
12
annual_report
3296
1,189
Acquisition costs. Acquisition costs were $(1.2) million for the year ended December 31, 2007 compared to $(0.1) million for the year ended December 31, 2006 and $0.1 million for the year ended December 31, 2005. The acquisition costs are net of ceding commissions associated with premiums ceded to our quota share partn...
82
10K
nl_ing_grp-AR_2018
6,079
Adverse developments in the market have included, for example, decreased liquidity, increased price volatility, credit downgrade events, and increased probability of default for fixed income securities. In addition, the confluence of these and other factors has resulted in volatile foreign exchange markets. Securities ...
126
annual_report
AdmiralGroupPLC-AR_2006
803
Under / (over) provision relating to prior periods – deferred tax 87 (634)
13
annual_report
ScorSE-AR_2020
5,733
In 2020, currency forward purchases and sales generated unrealized profits of EUR 36 million.
14
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2005
1,899
Where unrealised losses on securities available for sale are recognised in equity (see “other securities available for sale”), the resulting deferred tax assets are recorded but not recognised in income. Deferred tax assets are reversed if a realisation of the corresponding receivable is not probable.
45
annual_report
3419
1,159
The following table presents the notional amount and current market or fair value of derivative financial instruments held at:
19
10K
de_allianz-AR_2015
2,782
As of 31 December 2015, the net carrying amount of the finance lease obligation, which is included in other liabilities, amounted to € 111 mn. Gross minimum lease payments were reduced by imputed interest in the amount of € 890 mn to receive the present value of minimum lease payments. The underlying contract expires a...
59
annual_report
HelvetiaHoldingAG-AR_2011
565
Our investment policy focusing on sustainable and stable results and the preservation of capital proved its mettle once again in a volatile market environment. ‹
25
annual_report
3769
633
The estimated Ultimate Loss and Defense & Cost Containment Expense (“DCCE”) is based on an analysis by line of business, coverage and by accident quarter performed using data as of December 31, 2008. The analysis relies primarily on four actuarial methods: Incurred Loss & DCCE Development Method, Paid Loss & DCCE Devel...
86
10K
522
222
On November 1, 1996, the Company acquired 80% of the outstanding stock of CRM, Inc. ("CRM") for a purchase price of $3.5 million, $1.0 million in cash and 173,790 shares, $2.5 million, of the Company's Common Stock. CRM provides real estate information services with a heavy concentration in the areas of tax services an...
112
10K
1903
651
Due to the numerous factors influencing this liability, the Company develops a series of estimates based upon generally accepted actuarial projection methodologies using various scenarios with respect to claim submission and payment patterns and cost trends. The Company's policy is to record management's best estimate ...
117
10K
2093
681
The Company is a party to lawsuits arising from its AIF relationships. The Company is also party to lawsuits arising from its other normal business activities. These actions are in various stages of discovery and development, and some seek punitive as well as compensatory damages. In the opinion of management, the Comp...
141
10K
2261
702
Individual life primarily offers level premium term life insurance, universal life insurance and related products. Single premium immediate annuities as well as structured settlement annuities are also offered.
28
10K
SwissReAG-AR_1998
525
III Total result 1. Technical result 2. Non-technical result 3. Profit before tax 4. Tax
15
annual_report
NatwestGroupPLC-AR_2014
8,484
IASB and are presented in accordance with the Companies Act 2006.
11
annual_report
4644
1,074
estimates and judgments are reviewed and may be revised. Significant assumptions made in estimating claim reserves for long-term care policies include expectations about the: (i) future duration of existing claims; (ii) cost of care and benefit utilization; (iii) interest rate utilized to discount claim reserves; (iv) ...
91
10K
StandardLifeAberdeenPLC-AR_2020
2,368
Profit/(loss) before tax expense 838 (15) 823 243 56 299 Tax credit/(expense) attributable to
14
annual_report
AegonNV-AR_2011
6,273
NET INCREASE / (DECREASE) IN CASH AND CASH EQUIVALENTS (214) (2) 2,761 – 2,545
14
annual_report
5214
1,250
Consolidated Statements of Earnings for the years ended December 31, 2016, 2015, and 2014
14
10K
gb_prudential-AR_2010
1,528
Prudential’s TSR performance over the performance period is compared with the TSR performance of an index composed of 10 international insurers (see box below). This performance measure was selected because it focuses on the value delivered to shareholders. TSR is measured on a local currency basis since this has the b...
57
annual_report
NatixisSA-AR_2014
293
European asset management companies at end-2014 (assets under management in billions of euros): R Natixis Asset Management (€304.9 billion): fi xed income, European equities, investment and client solutions, volatility and structured products, global emerging and responsible investing; R AEW Europe (€16 billion) real e...
71
annual_report
4774
2,313
Management in its judgment concluded that a full valuation allowance was required for the net deferred tax assets after its consideration of the cumulative three-year pre-tax loss in its U.S. taxed subsidiaries resulting from certain 2013 events and the 2012 pre-tax loss of $61.0 million. In 2013, Tower had $325.6 mill...
134
10K
ScorSE-AR_2014
4,189
(1) The Company did not hold any cross shareholding in 2014
11
annual_report
AegonNV-AR_2016
4,464
Aegon’s life reinsurance business from Transamerica Reinsurance (TARe) to SCOR, completed on August 9, 2011. The divestment of
18
annual_report
SwissLifeHoldingAG-AR_2010
525
– Life and pension business in Germany – Life and pension business in Luxembourg, Liechtenstein, and Singapore (together referred to as Insurance Other)
23
annual_report
StandardLifeAberdeenPLC-AR_2013
14
15.8 pence per share Full year dividend (subject to shareholder approval)
11
annual_report
ScorSE-AR_2020
1,757
The Partners are executives, managers, key experts, and high potential employees formally identified across the Group. Partners are given specific responsibilities in terms of significant achievements, management of high impact projects for the Group and/or leadership roles. Therefore, they benefit from specific benefi...
67
annual_report
gb_lloyds_banking_grp-AR_2008
2,594
We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the consolidated financial statements are free from material misstatement, whether caused by fraud or other irregularity...
70
annual_report
4148
1,546
The carrying values of the payables for collateral on investments (in millions) and the fair value of the related investments included on our Consolidated Balance Sheets consisted of the following:
30
10K
de_allianz-AR_2008
2,886
IAS 28 Certain disclosures are required when investments in associates are accounted for at fair value through profit or loss. For the purpose of testing an investment in an associate for impairment, the investment is considered a single asset. Therefore, any impairment is not separately allocated to goodwill included ...
52
annual_report
AvivaPLC-AR_2016
1,969
Andy Briggs 29 Mar 2016 LTIP 225% £1,556,714 20% 100% 31 Dec 2018 21 Mar 2021
16
annual_report
3274
1,360
(2) Prior periods adjusted to reflect the operations of our Canadian subsidiary as discontinued operations.
15
10K
DirectLineInsuranceGroupPLC-AR_2012
721
Acting responsibly One of the most exciting elements of building a new corporate brand is being able to take a fresh look at everything we do
26
annual_report
4326
926
The Company performed an evaluation of subsequent events through the date the financial statements were issued and determined there were no recognized or unrecognized subsequent events that would require an adjustment or additional disclosure in the consolidated financial statements as of December 31, 2010 except for t...
48
10K
gb_prudential-AR_2012
535
Note Gross and net investment fl ows exclude Eastspring Money Market Funds, that had net outfl ows of £226 million in 2012 (2011: net outfl ows £512 million).
28
annual_report
fr_axa-AR_2018
826
Gross revenues increased by €65 million (+1%) to €10,738 million. On a comparable basis, gross revenues increased by €104 million (+1%): ■ Property & Casualty (€+128 million or +3%) to €4,006 million. On a comparable basis, Property & Casualty gross revenues increased by €76 million (+2%) driven by Personal lines (€+63...
151
annual_report
INGGroepNV-AR_2017
2,030
Investments and advances: – associates and joint ventures –79 –49 –40
11
annual_report
NatixisSA-AR_2014
307
Net infl ows from US companies reached a record high of $36.1 billion. Recording the largest infl ows were Loomis and Sayles (bonds and equities) with $25.8 billion and Harris Associates (equity products) with $12.6 billion. In addition, among the smaller affi liates, Vaughan Nelson IM returned to growth and Alpha Simp...
61
annual_report
3021
2,918
Historically, SICO’s Board of Directors could elect to pay a participant cash in lieu of shares of AIG common stock. On December 9, 2005, SICO notified participants that essentially all subsequent distributions would be made only in shares, and not cash. As of that date, AIG modified its accounting for the SICO Plans f...
89
10K
AegonNV-AR_2008
1,908
Consolidated statement of changes in equity of AEGON Group for the year ended December 31, 2008
16
annual_report
HelvetiaHoldingAG-AR_2016
1,895
Year of loss occurrence before 2007 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Total in CHF million
20
annual_report
ScorSE-AR_2016
4,242
●● The Consolidation, Systems and Process and Pillar 3 Departments play a major role in both internal management reporting and external reporting, and the analysis thereof.
26
annual_report
NatixisSA-AR_2013
3,319
Sureties and Financial Guarantees generated revenue of €320 million, up 42% year-on-year, thanks in large part to the persistently active individual customers market, with the milestone of €250 million in revenue reached (i.e. +61% yearon -year).
36
annual_report
2266
309
No tax provision for federal income taxes was recorded during the fiscal year ended May 31, 2003, as the $7.7 million non-operating gain specific to the IRS settlement is non-taxable. Additionally, management has determined that a valuation allowance at May 31, 2003 and 2002, was necessary to fully offset any deferred ...
60
10K
de_allianz-AR_2012
3,140
Health Germany mCev: eur swap curve minus 10 bps credit risk adjustment plus 33 bps illiquidity premium
17
annual_report
5003
1,085
National seeks to generate shareholder value through appropriate risk adjusted pricing; however, current market conditions and the competitive landscape may limit National’s new business opportunities and its abilities to price and underwrite risk with attractive returns. Refer to “Risks and Uncertainties” below for a ...
53
10K
NatwestGroupPLC-AR_2012
929
Total interest receivable of the banking business UK (751) (229) (980) (749) (167) (916)
14
annual_report
SwissReAG-AR_1978
69
In the business year 1978/79, the premium volume in Swiss francs rose despite lower exchange rates for almost all foreign currencies. Non-Life reinsurance produced a smaller loss than in the previous year. The profit shown by Life reassurance was rather less than in 1977/78. Together the reinsurance result was Sw. frs....
106
annual_report
251
278
We have additional potential asbestos exposure on insureds for which we wrote excess liability coverages. Such exposure has increased due to the erosion of much of the underlying limits. The number of claims against such insureds and the value of such claims have increased in recent years due in part to the non-viabili...
56
10K
3828
600
At this time, we are facing two particularly significant challenges, which we believe are shared by the other participants in our industry:
22
10K
nl_ing_grp-AR_2012
5,408
Maximum Exposure to Credit Risk per 31 December 2012 Cover Values* Cover Values Cover Values Cover Values
17
annual_report
AssicurazioniGeneraliSpA-AR_2015
4,658
The operating experience variances included in the operating EV earnings amount to 32mln, as a combined effect of surrenders (+30mln), mortality and morbidity (+11mln) partially offset by higher expenses (-9mln) basically in Czech Republic.
34
annual_report
StorebrandASA-AR_2019
3,146
Paper use: Consumption of office paper (copy- and bond paper), envelopes, advertising, including externally reprinted and regulatory letter attachments in Kg per full time employee in Norwegian and Swedish operations.
30
annual_report
4655
1,848
CNA’s domestic insurance subsidiaries are subject to risk-based capital requirements. Risk-based capital is a method developed by the NAIC to determine the minimum amount of statutory capital appropriate for an insurance company to support its overall business operations in consideration of its size and risk profile. T...
135
10K
CNPAssurancesSA-AR_2010
723
A company must reflect the society around it. Our human resources policy strongly supports two main priorities, which are to promote diversity and help employees advance as far as possible along their career paths. Increasing diversity has been a top priority of our human resources policy for many years. We see diversi...
266
annual_report