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5218
1,665
In January 2016, the FASB issued ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10) - Recognition and Measurement of Financial Assets and Financial Liabilities. ASU 2016-01 revises the accounting related to the
32
10K
PowszechnyZakladUbezpieczenSA-AR_2012
622
Total property and personal without motor insurance 901 033 774 151 16,4%
12
annual_report
5258
878
22 thousand increase in PIF as of December 31, 2015 compared to December 31, 2014.
15
10K
3114
4,478
Comparison of Years Ended December 31, 2006 and December 31, 2005
11
10K
NatixisSA-AR_2012
1,165
SOCIAL AND ENVIRONMENTAL PERFORMANCE2 Environmental information The emissions in scope 1 remained stable between 2010 and 2011. Unlike overall energy consumption, which fell by 5% between 2010 and 2011 (see section [2.4.2.3]), scope 2 emissions dropped by around 20%. This is due to the reduction of electricity consumpt...
81
annual_report
3700
2,609
instead granted restricted stock to the Current Plan Participants, which will vest at the rate 20% on each of February 15, 2007 and February 15, 2008 and 60% on February 15, 2009, subject to certain employment-related requirements. Although the Current Plan Participants were granted restricted stock earlier than they o...
77
10K
4728
1,535
The LSC Entities determined the fair value as of December 31, 2013 based on 191 policies out of 271 policies, as the LSC Entities assigned no value to 80 of the policies as of December 31, 2013. The LSC Entities estimate the fair value of a life insurance policy using a cash flow model with an appropriate discount rate...
241
10K
5415
7,275
Our annual comprehensive review of assumptions underlying estimated future gross profits for our interest-sensitive life contracts resulted in an acceleration of DAC amortization (decrease to income) of $1 million in 2017 compared to $4 million in 2016 and zero in 2015.
41
10K
AssicurazioniGeneraliSpA-AR_2018
922
The Generali Group’s consolidated financial statements as at 31 December 2018 were prepared taking into account the IAS/IFRS issued by the IASB and endorsed by the European Union, in accordance with the Regulation (EC) No. 1606/2002, Italian Legislative Decree No. 58/1998 and Italian Legislative Decree No. 209/2005, as...
55
annual_report
4873
1,523
Basic earnings per common share are calculated by dividing net income available to common shareholders by the weighted average number of common shares outstanding. The weighted average number of common shares excludes any dilutive effect of outstanding warrants, options and convertible securities such as unvested restr...
47
10K
LloydsBankingGroupPLC-AR_2016
1,569
O ther info rm atio n Lloyds Banking Group Annual Report and Accounts 2016
14
annual_report
RaiffeisenBankInternationalAG-AR_2011
76
The new and stricter regulatory requirements for banks published in the second half of the year necessitated an adjustment of business policy, which the Management Board discussed in detail with the Supervisory Board. The new regulations concerning remuneration policy under banking law were also reported on several tim...
52
annual_report
4632
1,407
(2) As of December 31, 2012, we had made total commitments of $36.2 million in private investments of which we have invested $15.3 million, and our remaining commitments to these investments total $20.8 million. Given the nature of the private equity investments, we are unable to determine with any degree of accuracy a...
123
10K
RaiffeisenBankInternationalAG-AR_2019
1,688
The cost of the defined benefit pension plan is determined using an actuarial valuation. The actuarial valuation involves making assumptions about discount rates, expected rates of return on assets, future salary increases, mortality rates and future pension increases. The interest rate used to discount the Group's def...
182
annual_report
NatwestGroupPLC-AR_2009
4,859
The Group entered into a State Aid Commitment Deed with HM Treasury which provides that the Group will comply or procure compliance with these measures and behavioural commitments. The Group agreed to do all acts and things necessary to ensure HM Treasury’s compliance with its obligations under any European Commission ...
57
annual_report
INGGroepNV-AR_2009
3,845
At December 31, 2009, the loan loss provision shortfall (before tax) was: EUR 1,579 million. The relative level of loan loss shortfall compared to actual provisioning levels will generally increase in periods where loan loss provisions are decreasing and will decrease in periods where loan loss provisions are increasin...
49
annual_report
5023
2,488
The Company recognized defined contribution expenses of $11 million, $10 million and $9 million for the years ended December 31, 2014, 2013 and 2012, respectively.
25
10K
AdmiralGroupPLC-AR_2013
298
Other Group key performance indicators include: > Group loss ratio 69.2% (2012: 79.2%) (an improved UK loss ratio resulting from higher reserve releases and an improved international loss ratio)
29
annual_report
RaiffeisenBankInternationalAG-AR_2010
2,438
Land and buildings used by the Group for own purpose 553,590 526,408
12
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2003
1,034
We enhanced our leading market position in this sector by increasing our share in Global Aerospace, and in the international insurance pool for aviation and space risks managed by that company, from 9% to 25%.
35
annual_report
3568
1,156
catastrophe losses and prior accident year development, and growth in Net investment income. The combined ratio improved to 89.1, a reduction of 15.6 points from 2005, including an improvement in the loss ratio of 16.5 points. The reduction in catastrophe losses represented 6.9 points and the reduction in prior year ad...
185
10K
fr_axa-AR_2015
4,064
The consolidated financial statements are prepared in compliance with IFRS standards (as disclosed in Note 1 of
17
annual_report
3715
991
In 2008, TRH repurchased $25 million principal amount of its 5.75% senior notes due in 2015 (the “Senior Notes”) from non-affiliates for $15 million, realizing a gain of $10 million.
30
10K
1955
609
SFAS No. 133 requires each deposit relating to these equity-indexed annuities to be divided into two components: an embedded derivative component and a host contract component. The embedded derivative component represents the value of the policyholder's right to receive interest credits over the life of the policy. The...
129
10K
5403
766
Aggregate loss reserves consist of liability estimates for claims that have been reported ("case") to the Company's insurance subsidiaries and reserves for claims that have been incurred but not yet reported ("IBNR") or whose ultimate costs may not become fully apparent until a future time. Additionally, the Company es...
172
10K
5706
2,056
(2) Reflects inter-segment revenues of $264.9 million, $262.8 million and $250.9 million for the years ended December 31, 2019, 2018 and 2017, respectively.
23
10K
2855
772
(1) Ratings represent Standard & Poor’s classifications. If unavailable, Moody’s rating is used.
13
10K
HannoverRueckSE-AR_2017
961
Hannover Re is thus well capitalised and our available capital comfortably exceeds the required capital, both from the economic and the regulatory perspective: Available capital and required risk capital M 57 in EUR million 31.12.2017 (economic)
36
annual_report
LloydsBankingGroupPLC-AR_2020
1,469
Whilst credit migration in 2020 has been less than expected, it is expected to have a fuller impact in 2021 and into 2022, consistent with economic forecasts. It is also expected that a material part of the Group’s IFRS 9 dynamic relief that built up during 2020 will unwind in 2021 with the remainder expected to largel...
94
annual_report
5181
1,062
Consolidated Statements of Shareholders’ Equity for the Years Ended December 31, 2015, 2014 and 2013
15
10K
5244
1,410
The tables below provide the components of net incurred losses and LAE by segment for the years ended December 31, 2016, 2015 and 2014:
24
10K
AegonNV-AR_2018
7,397
Aegon’s annuity products may continue to experience adverse effects due to longer expected benefit payment periods. Aegon is also at risk if expenses are higher than assumed.
27
annual_report
2138
1,665
We derive our revenues primarily from the sale of our insurance policies and, to a lesser extent, fee income by providing administrative services to certain clients. Sales of insurance policies are recognized in revenue as earned premiums while sales of administrative services are recognized as fee income. In late 2000...
109
10K
RSAInsuranceGroupPLC-AR_2010
670
The Group risk appetite is set and monitored at both a Group and regional level and is annually reviewed and signed off by the Board
25
annual_report
2341
721
SA National and Mid-Plains each have ceding reinsurance agreements with Mutual that include excess of loss and quota share coverages. Through Mutual's participation in the Pooling Arrangement, the effects of these agreements with SA National and Mid-Plains are indirectly subject to the Pooling Arrangement between Mutua...
51
10K
NatixisSA-AR_2014
2,812
R TABLE 2: BASEL 3 RWA BY KEY NATIXIS BUSINESS LINE
11
annual_report
ch_zurich_insurance_group-AR_2010
2,656
Indemnity agreements The Group, through certain of its subsidiaries, has agreed to arrangements that cap Converium’s (now Scor Holding (Switzerland) AG) and its successor companies’ net exposure for losses arising out of the September 11, 2001 event at USD 289 million. As of December 31, 2010 the Group has recorded in ...
58
annual_report
NatixisSA-AR_2005
1,956
The liability adequacy test conducted in accordance with IFRS 4 shows that insurance liabilities valued under French GAAP were higher at fair value, taking into account the buyback option embedded in the contracts.The test carried out was based on a stochastic technique of measuring discounted future cash flows.
48
annual_report
INGGroepNV-AR_2011
867
In Thailand, ING Funds Thailand’s fixed income managers have been ranked in the Top 10 Most Astute Investors in the Asian Currency Bond sector by The Asset magazine for two consecutive years.
32
annual_report
4558
694
DAC amortization increased $39.7 million, or 82.9%, for the year ended December 31, 2011, as compared to the year ended December 31, 2010, primarily due to differing impacts of unlocking. In 2011, universal life and BOLI unlocking decreased amortization $7.0 million, as compared to a decrease of $31.2 million in 2010. ...
65
10K
fr_axa-AR_2016
3,528
Eastern European Region) (25%), (iii) the further strengthening of the Group’s operational controls and second line of defence
18
annual_report
NatixisSA-AR_2005
3,433
The mandatory adoption of IFRS represents a major change for Natexis Banques Populaires and all parties directly concerned by the financial information provided.
23
annual_report
RaiffeisenBankInternationalAG-AR_2015
3,074
UNIQA Raiffeisen Software Service Kft., Budapest (HU) 19,900,000 HUF 40.0% OT
11
annual_report
nl_ing_grp-AR_2016
1,395
As the abolition of the depositary receipt structure demonstrates, it is important to constantly review - and if needed - adapt the corporate governance structure. The ideal corporate governance structure does not exist. The Supervisory Board and the Executive Board believe that the current two-tier structure, which is...
57
annual_report
5004
1,292
Operations acquired or begun during the period. Expansion of our business operations has affected our operating cash flows as follows:
20
10K
4778
1,378
Purchase obligations of the Restaurant Group as of December 31, 2013 are as follows (in millions):
16
10K
3134
4,556
In 2006, Harleysville Group recognized net favorable development of $18,085,000 in the provision for insured events of prior years, primarily due to lower-than-expected claims severity in casualty lines in accident years 2002 through 2005, partially offset by adverse development in prior accident years. The favorable d...
57
10K
4071
896
Beginning in the latter half of 2007 and continuing into 2009, severe dislocations in the credit and capital markets, initially driven by broad market concerns over the impact of sub-prime mortgage holdings of financial institutions, generally resulted in reduced availability and increased cost of credit for financial ...
76
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2015
237
Munich Reinsurance Company’s Board of Management and Supervisory Board make a declaration of how far they have complied, and are complying, with the Code’s recommendations.
25
annual_report
3302
1,018
In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of EMC Insurance Group Inc. and Subsidiaries at December 31, 2007 and 2006 and the consolidated results of their operations and their cash flows for each of the three years in the per...
64
10K
5340
16,257
During 2015, U.S. Excess Casualty experienced $1.4 billion of adverse development largely driven by worse than expected loss emergence reported in 2015. This increase was largely driven by adverse emergence in both general liability and umbrella auto liability, reflecting worsening trends in the number and nature of hi...
202
10K
5868
3,269
Underwriting profit for this group was $92 million in 2019 compared to $66 million in 2018, an increase of $26 million (39%) due primarily to higher underwriting profitability in the financial institutions and surety businesses. Catastrophe losses were $10 million (1.6 points on the combined ratio) in 2019 compared to ...
64
10K
PowszechnyZakladUbezpieczenSA-AR_2015
2,807
Banking and Investments in Germany responsible for opening the first foreign corporate branch of PKO Bank Polski. His activities covered also counseling and financial processing for the largest corporate clients of PKO Bank Polski concerning their expansion and foreign operations. He is fluent in English, French and Ge...
57
annual_report
2928
409
2006 Outlook: We expect that income from our investment portfolio for 2006 will be affected by the following:
18
10K
5819
1,363
We are party to derivative contracts through certain of our subsidiaries. The most significant derivative contracts consist of equity index put option contracts. Information related to these contracts follows (dollars in millions).
32
10K
AssicurazioniGeneraliSpA-AR_2017
2,266
(in thousand euro) Direct insurance Reinsurance Risks retainedDirect risks Ceded risks Direct risks Retroc. risks
15
annual_report
SwissReAG-AR_1994
565
Accounting Ennio Franci Martin Benz, Walter Engier, Erich Hunold, Johannes Scherrer
11
annual_report
Sampoplc-AR_2000
206
Sampo-Leonia’s service network experienced the largest changes in its history in the year 2000. The joint venture between
18
annual_report
4814
569
The table below identifies changes in shareholders’ equity for the year ended December 31, 2013 and December 31, 2012:
19
10K
AvivaPLC-AR_2012
4,212
Operating profit From continuing operations based on expected investment returns, stated before tax attributable to shareholders’ profits and before non-operating items inlcuding, impairment of goodwill, exceptional and other items. This is also referred to as adjusted operating profit.
38
annual_report
2742
712
testing of internal controls over financial reporting. Additionally, we are incurring higher technology costs related to our new billing system, the new farm and ranch program and a new policy rating and administration system for our commercial lines business.
39
10K
TopdanmarkAS-AR_2015
531
Accrued interest and rent 372 284 Other prepayments and accrued income 201 193 TOTAL PREPAYMENTS AND ACCRUED INCOME 573 477 TOTAL ASSETS 64,516 67,670
24
annual_report
5014
625
As a “smaller reporting company” we are not required to provide the table of contractual obligations required pursuant to this Item.
21
10K
HannoverRueckSE-AR_2013
253
The business models in both non-life and life and health reinsurance support our higher-level Group mission of “Growing Hannover Re profitably”. This includes, among other things, our aspiration to be the best option for our business partners when they come to choose their reinsurance partner. It is for this reason tha...
62
annual_report
5957
1,150
We use various derivative instruments to manage risks related to certain life insurance and annuity products. We use these derivatives as economic hedges against risks inherent in the products. These risks have a direct impact on the cost of these products and are correlated with the equity markets, interest rates, for...
75
10K
SwissReAG-AR_2013
672
Urbanisation leads to ‘urban diseases’ such as obesity, diabetes, heart disease, stroke and some cancers. Increased and continuous exposure to high noise levels leads to hearing impairment, high blood pressure and heart disease. In poor urban areas, infectious diseases are exacerbated by unsanitary living conditions an...
59
annual_report
3400
1,067
For supplemental quarterly financial information, please see Note 20, Consolidated Quarterly Results - Unaudited of the Notes to Consolidated Financial Statements included herein.
23
10K
2824
1,353
stock compensation using the treasury stock method. Under the treasury stock method, conversion of forward purchase contracts, exercise of the stock options and issuance under deferred stock compensation is assumed with the proceeds used to purchase common stock at the average market price for the period. The differenc...
82
10K
TrygAS-AR_2004
622
E X C E S S C O R E C A P I TA L R E L AT I V E T O R E D - A N D Y E L L O W - L I G H T S C E N A R I O S
53
annual_report
3775
672
2007, traditional ceded amortization decreased as a result of continued runoff of pre-2005 term business, which had higher capitalized allowances than business currently being sold. This was more than offset by increased ceded amortization in universal life primarily due to unlocking in 2006.
43
10K
5286
1,122
As a result of policyholder aging, claims payments are expected to gradually increase over the life of a policy. Therefore, future policy benefit reserves are accumulated in the early years of a policy and are designed to help fund future claims payments. We expect our future cash flows from premiums and our investment...
66
10K
BeazleyPLC-AR_2019
1,310
• Creates alignment to Beazley’s central key performance indicator, and recognises that NAVps is a key item supporting increases in share price and shareholder returns.
25
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2004
2,165
(38) Compensation and loans for Board members The compensation of the Board of Management of the Munich Reinsurance Company for fulfilment of its duties in respect of the parent company and the subsidiaries totalled €18.2m (13.8m). This includes the compensation components that Mr. Phelan received for his work as Presi...
107
annual_report
5691
990
Preferred stock dividends increased by $36 million to $36 million in 2019 from $0 million in 2018, driven by our issuances of preferred stock in 2019.
26
10K
4733
1,174
The Company's regulated subsidiaries had estimated aggregate statutory capital and surplus of approximately $14.8 billion as of December 31, 2013. The estimated statutory capital and surplus necessary to satisfy regulatory requirements of the Company's regulated subsidiaries was approximately $5.5 billion as of Decembe...
45
10K
StandardLifeAberdeenPLC-AR_2009
1,553
On 31 December 2009, Standard Life plc lent £588m to Standard Life Assurance Limited (SLAL) HWPF under a contingent loan agreement (a contingent recourse cash flows loan, as defined under the Scheme). Under the Scheme this resulted in an obligation arising in the HWPF to transfer the loan proceeds (the ‘securitisation ...
167
annual_report
NatwestGroupPLC-AR_2013
622
External appointment(s): • Chairman of Creative Scotland • Member and vice-chairman of the Board of
15
annual_report
5341
1,416
Our spread-based insurance business is subject to several inherent risks arising from movements in interest rates, especially if we fail to anticipate or respond to such movements. First, interest rate changes can cause compression of our net spread between interest earned on investments and interest credited on custom...
194
10K
4785
689
The following summarizes our contractual obligations as of December 31, 2013 (in thousands):
13
10K
4384
859
Total rent expense, including rent relating to cancelable leases and leases with initial terms of less than one year, amounted to $91.0 million in 2011, $81.5 million in 2010 and $82.0 million in 2009.
34
10K
StandardLifeAberdeenPLC-AR_2019
2,321
Total administrative expenses 3,594 2,857 Change in liability for third party interest in consolidated funds 21 (5) Finance costs 36 45 Total expenses from continuing operations 4,072 2,820
28
annual_report
SwissReAG-AR_2003
81
Investment in real estate that the Group intends to hold for the production of income is carried at depreciated cost, net of any write-down for impairment in value. An impairment in value is recognised if the estimated future undiscounted cash flows from the use of the real estate asset are less than its carrying value...
114
annual_report
5128
1,563
The guidance will be effective for the Company for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption of the guidance is not permitted; except that item (v) above is permitted to be adopted early as of the beginning of the fiscal year of adoption.
52
10K
3848
1,110
We perform impairment assessments for the structured securities included in our fixed maturity portfolio (including, but not limited to, commercial-mortgage-backed securities (“CMBS”), residential-mortgage-backed securities (“RMBS”), asset-backed securities (“ABS”), and collateralized debt obligations (“CDOs”), compris...
156
10K
AvivaPLC-AR_2019
4,442
Porowneo pl Sp z.o.o Ordinary 90 Aviva Sfio Subfundusz Aviva Oszczednosciowy
11
annual_report
3734
9,425
Mortgage loans and other investments written-down to fair value in connection with recognizing other-than-temporary impairments are valued using valuation models that are widely accepted in the financial services industry. Inputs to the valuation models include non-market observable inputs such as credit spreads. Limit...
106
10K
4384
786
On March 8, 2011, the compensation committee granted options to purchase 851,000 shares of our common stock under the 2009 LTIP to our officers and key employees that become exercisable at the rate of 20% per year on the anniversary date of the grant. On March 2, 2010, the compensation committee granted options to purc...
111
10K
de_allianz-AR_2007
2,705
Day one profit During the year ended December 31, 2007 the Allianz Group entered into transactions, where the fair value of financial instruments is determined using valuation techniques for which not all inputs are market observable rates or prices. The difference between transaction price and the model fair value is ...
54
annual_report
3549
3,192
The components of net unrealized investment gains (losses), included in accumulated other comprehensive income, are as follows:
17
10K
SwissReAG-AR_2014
571
Market performance Global life insurance premium income rose by 5% in real terms in 2014. In advanced markets, real premium income grew by 4% this year, with strong gains in Western Europe, Canada, Australia and Japan. In the US, premium income has rebounded following a dip in 2013. In emerging markets, premium income ...
115
annual_report
5900
1,201
Stock-Based Compensation: The cost of stock-based compensation is generally measured based on the grant-date fair value of the award. The Black-Scholes options valuation model is used for estimating the fair value of stock options, and the Monte-Carlo valuation model is used for estimating the fair value of performance...
128
10K
4998
1,109
The following tables highlight the aggregate unrealized loss position, by security type, of fixed maturities and equity investments in unrealized loss positions as of December 31, 2014 and December 31, 2013. The tables segregate the holdings based on the period of time the investments have been continuously held in unr...
52
10K
SwissLifeHoldingAG-AR_2014
292
During the year under review, the Compensation Committee convened a total of seven times. Each session lasted for around two hours on average. There was full attendance at all meetings. In the year under review, the Chairman of the Board of Directors also attended meetings of the Compensation Committee in relation to n...
66
annual_report
ScorSE-AR_2009
2,300
In this regard, and in line with the current strategic plan from 2007 to 2010, the Group aims to achieve the following objectives: To secure a return on equity (“ROE”) of 900 basis points above the risk free rate over the cycle; To provide a Standard and Poor’s A+ level of financial security to clients by 2010; To self...
76
annual_report
4585
1,528
There are generally no notional or stated amounts related to unpaid losses and LAE. Both the amounts and timing of future loss and LAE payments are estimates and subject to the inherent variability of legal and market conditions affecting the obligations and make the timing of cash outflows uncertain. The ultimate amou...
116
10K
2742
1,262
On October 29, 2003, the Company completed the private placement of 20,000 floating rate capital securities (the Capital Securities II) with an aggregate liquidation value of $20 million through its newly formed Connecticut statutory business trust, RIG Capital Statutory Trust II (the Statutory Trust). The Statutory Tr...
213
10K
RSAInsuranceGroupPLC-AR_2020
3,545
Deeks Investments Inc.4 95 Mural Street, Suite 400, Richmond Hill ON L4B 3G2, Canada
14
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2002
2,012
– Net amount –30 –33 –1,332 –176 28 98 –107 –66 –1,441 –177 * After elimination of intra-Group transactions across segments.
21
annual_report
TrygAS-AR_2012
680
In 2006, Tryg set up an Audit Committee. The framework of the Audit
13
annual_report
gb_prudential-AR_2013
2,005
n n u al rep o rt o n rem u n eratio n 109 Prudential plc Annual Report 2013 2013 AIP performance measures and achievement Financial performance The financial performance measures set for 2013 are shown below. Prior to the start of the year the Committee set stretching performance ranges for each of these measures. The...
118
annual_report