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601
1,078
1997 1996 1995 - --------------------------------------------------------------- Underwriting results [1] $ (126) $ (986) $ (270) Net investment income 777 661 646 Net realized capital gains 231 15 29 Miscellaneous expenses, net (155) (89) (71) - --------------------------------------------------------------- OPERATING...
59
10K
1550
561
There has been a high level of paid losses in 2000 due to the settlement of previously established reserves, particularly catastrophe losses as noted below.
25
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007
1,530
The share-priced-based compensation component is accounted for at fair value at the granting date. Details of the fair value are provided in the notes to the consolidated financial statements as from page 242. Whether the variable components will actually be paid out to the Board members, and if so how high the sums wi...
124
annual_report
AegonNV-AR_2018
7,622
As of December 31, 2018, there were 2,095,648,244 common shares and 585,022,160 common shares B issued. Of these, Vereniging
19
annual_report
StorebrandASA-AR_2013
1,540
The cash flow analysis shows the Group's cash flows for operational, investment and financial activities pursuant to the direct method.
20
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2015
1,810
We classify a small number of entities as associates even though we hold less than 20% of the voting rights, mainly because we are represented on their supervisory boards and/or have significant business relations with those entities.
37
annual_report
2456
2,468
On May 22, 2003, in a case titled Kenneth Thomas, M.D., et al., v. Blue Cross Blue Shield Association, et al., several medical providers filed suit in federal district court in Miami, Florida against the Blue Cross Blue Shield Association and Blue Cross and Blue Shield plans across the country, including the Company. T...
118
10K
PosteItalianeSpA-AR_2016
3,845
Receivable authorised by 2015 Stability Law in implementation of Sentence of the European Court – 535,000
16
annual_report
2067
830
The joint ventures and partnerships are carried at equity or cost depending on the equity ownership position.
17
10K
ch_zurich_insurance_group-AR_2018
1,892
In Latin America APE sales increased by 40 percent on a like-for-like basis including a large corporate protection scheme in Chile as well as positive developments in Brazil, Mexico and Argentina.
31
annual_report
1834
953
Includes Loss Reserve Strengthening of $240.0 in 2001 (see discussion in the next section for more information). Excluding this adjustment the underwriting loss was $(597.5).
25
10K
AegonNV-AR_2018
6,217
Remeasurement of defined benefit plans of group companies 13 (1,850) (1,669)
11
annual_report
3354
669
The benefit ratio on our Other Business in Run-off segment (including the long-term care block and the small remaining major medical block) was 188.7 percent, 133.4 percent and 93.6 percent in 2007, 2006 and 2005, respectively. Benefit ratios are calculated by dividing the product's insurance policy benefits by insuran...
212
10K
LloydsBankingGroupPLC-AR_2018
934
Maintaining a contingency funding plan detailing actions and strategies available in stressed conditions
13
annual_report
2822
1,152
Underwriting expense ratio, GAAP - This ratio reflects underwriting expenses to earned premiums.
13
10K
71
1,120
Effective as of December 31, 1993, the Company adopted Statement of Financial Accounting Standards No. 115 "Accounting for Certain Investments in Debt and Equity Securities" ("SFAS 115"). SFAS 115 addresses the accounting and reporting for investments in equity securities that have readily determinable fair values and ...
72
10K
4051
3,570
For the years ended December 31, 2009, 2008 and 2007, reinsurance recoveries, which reduced loss and loss expenses incurred, amounted to $8.9 billion, $8.4 billion and $9.0 billion, respectively.
29
10K
5291
1,298
In May 2014, the FASB issued an ASU which supersedes existing revenue recognition standards with a single model unless those contracts are within the scope of other standards (e.g., an insurance entity's insurance contracts). Under the new standard, recognition of revenue occurs when a customer obtains control of promi...
169
10K
DirectLineInsuranceGroupPLC-AR_2020
337
Strong capital position, good results 20 Direct Line Group Annual Report and Accounts 2020
14
annual_report
gb_prudential-AR_2012
1,246
In the ordinary course of business, Board and Committee papers are provided to the directors approximately one week in advance of each meeting.
23
annual_report
SwissReAG-AR_2006
678
Governance Risk and capital management prompted by the experience of Hurricane Katrina. The significant rise in the potential impact from a California earthquake also reflects increased exposure in the portfolio due to attractive risk-adjusted market opportunities.
36
annual_report
5602
1,866
• the portion of favorable or unfavorable prior year reserve development for which we have ceded the risk under retroactive reinsurance agreements and related changes in amortization of the deferred gain; and
32
10K
PowszechnyZakladUbezpieczenSA-AR_2017
2,605
• subscription or acquisition of shares in another company, with the value exceeding: ◦ PLN 100 million or
18
annual_report
fr_axa-AR_2005
1,783
As a result of this transaction, French Mutuelles AXA hold 14.3% of AXA’s outstanding shares, representing 23.19% of AXA’s voting rights.
21
annual_report
5860
1,478
CEO. Per the terms of the Separation Agreement, the former CEO’s profit interests (“P Shares”) were forfeited and outstanding RSUs are treated in accordance with the terms of the applicable award agreements. Additionally, the Company cancelled 137,987 shares of common stock in July 2019 with no consideration as per the...
55
10K
ch_zurich_insurance_group-AR_2013
372
Latin America 0.1 – Rest of the World 4.1 14.1 as of December 31, 2013Number of shares held as of December 31, 2013Registered shareholders by type as of December 31, 2013Registered shareholders by geography
34
annual_report
3346
848
discount rates (11.00%) commensurate with the risks involved. The fair value of the cash reserves has been estimated at the cash value of the reserve account.
26
10K
CNPAssurancesSA-AR_2000
424
Among the draft resolutions to be presented to the Annual General Meeting, the Executive Board has included a stock option plan be put to the vote by shareholders.
28
annual_report
2323
653
Demographic changes include the aging of the baby boomers, reaching their high earning years at a time when investment yields from fixed rate products are at historically low points. This challenge has been met by the insurance industry by offering various types of fixed and variable products aimed at this population. ...
89
10K
4254
1,196
The Northeast Operations had approximately $258.3 million and $2,651.5 million in total revenues in the years ended December 31, 2010 and 2009, respectively, which represent 2 percent and 17 percent of our total revenues for the years ended December 31, 2010 and 2009, respectively. The Northeast Operations had a pretax...
164
10K
3237
349
In September 2006, we completed the sale of Ten Trinity Square, our UK head office building. The building has been leased back until we move into our new head office on Lime Street in early 2008. Gross proceeds were $202 million. The total pre-tax gain on disposal was $121 million of which $99 million was recognized on...
107
10K
INGGroepNV-AR_2017
884
All business units have adopted the global data protection policy (GDPP) that qualifies as binding corporate rules. In each business unit and at bank level, a data protection executive is responsible for GDPP compliance and compliance with local privacy laws. Local data protection officers provide expertise and support...
73
annual_report
NatixisSA-AR_2009
2,600
Exposure at default by asset class, excluding securitization, deducted from regulatory capital
12
annual_report
HannoverRueckSE-AR_2019
3,307
The ordinary expenses principally include interest expenses of nominally EUR 80.9 million (EUR 76.6 million) resulting from the issued subordinated and senior bonds.
23
annual_report
5053
1,790
During the year ended December 31, 2014 (Predecessor Company), the Company recorded pre-tax other-than-temporary impairments of investments of $2.6 million, all of which related to fixed maturities. Credit impairments recorded in earnings during the year ended December 31, 2014 (Predecessor Company), were $7.3 million....
105
10K
SwissLifeHoldingAG-AR_2005
929
Swiss Life Group . Financial Statements 2005 . Notes to the Consolidated Financial Statements investment property, any surplus previously recorded in equity is transferred to retained earnings; the transfer is not made through income.
34
annual_report
RaiffeisenBankInternationalAG-AR_2014
3,453
Annual Improvements to IFRS – 2012–2014 cycle (entry into force January 1, 2016)
13
annual_report
5253
825
The following tables provide changes in the balances of each component of accumulated other comprehensive income, net of tax, for the periods ended December 31, 2016, 2015 and 2014:
29
10K
4133
1,599
Reinsurance Segment. Our reinsurance segment includes the reinsurance of property, general casualty, professional liability, specialty lines and property catastrophe coverages written by insurance companies. We presently write reinsurance on both a treaty and a facultative basis, targeting several niche reinsurance mar...
41
10K
ch_zurich_insurance_group-AR_2009
504
Termination arrangements for members of the Board of Directors who gave up their functions No Director gave up his or her function during 2009. At the Annual General Meeting in 2008, Gerhard Schulmeyer retired from the Boards. No termination payments were paid to him.
44
annual_report
121
235
Consolidated Statements of Operations for the years ended December 31, 1994, 1993 and 1992.
14
10K
5553
1,235
The table below presents a computation of the loss on the disposition:
12
10K
598
530
Other expenses were $7.3 million in 1996 compared to $6.3 million in 1995. This increase was principally due to (i) Exstar's incurring additional legal expenses for the lawsuit against the Company's former auditors (see "Legal Proceedings" -- Item 3), (ii) increases in legal, audit, actuarial and other fees (including ...
98
10K
TopdanmarkAS-AR_2010
834
Rental income 300 279 Operating expenses from properties rented out (32) (35) Operating expenses from properties not rented out (2) (4) Gross profit 266 241 Administrative expenses (11) (11) Income from investment properties 255 229
35
annual_report
707
233
The amortized cost and estimated fair value of bonds at December 31, 1997 are shown below by contractual maturity. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call and/or prepayment penalties.
44
10K
PhoenixGroupHoldingsPLC-AR_2019
2,990
Financial assets designated at FVTPL upon initial recognition: Investment in associate 513 – – 513
15
annual_report
SwissReAG-AR_2017
754
The Casualty combined ratio increased to 108.8% in 2017, compared to 103.9% in 2016, driven by adverse developments in Motor in both EMEA and the US.
26
annual_report
4807
1,010
(i) an increase of $11.7 million in net realized gains on our fixed maturities and short-term investments mostly due to increased trading in those asset classes;
26
10K
1735
534
Losses and loss adjustment expenses, net of reinsurance recoverable on unpaid losses - The carrying amount is fair value, which is the net present value of the expected cash flows for specifically identified claims and potential losses in the Company's insured portfolio.
42
10K
2968
5,117
Amortization of deferred policy acquisition costs and value of businesses acquired
11
10K
de_allianz-AR_2001
130
Despite continued intensive efforts on the part of our nearly 180,000 employees as well as our agents and cooperation partners, all of whom have earned my sincere thanks for their unremitting efforts, our net income amounted to only 1.6 billion euros – a solid billion euros less than planned. Following excellent perfor...
71
annual_report
3496
579
The changes in the net carrying amount of goodwill for 2006 and 2007 are as follows (in thousands):
18
10K
INGGroepNV-AR_2009
2,814
The table below shows the build up of ING Group Economic Capital. Please refer to the Bank and Insurance paragraphs below for further explanation on the respective EC numbers.
29
annual_report
4715
8,859
Reserve releases increased by $45.1 million in 2012 due mainly to a net reserve release of $102.2 million for our reinsurance segment compared to net reserve release of $72.3 million for our reinsurance segment in 2011. Reserve releases were lower in 2011 due to less favorable developments impacting our reinsurance seg...
66
10K
nl_ing_grp-AR_2019
6,520
However, the implementation of alternative benchmark rates may have a material adverse effect on our business, results and financial condition.
20
annual_report
4599
1,623
Our Runoff segment decreased $36 million principally from the sale of our Medicare supplement insurance business in the fourth quarter of 2011, partially offset by an increase in GMWBs in our variable annuity products due to unfavorable equity market impacts in 2011.
42
10K
gb_prudential-AR_2014
2,804
Borrowings attributable to with-profits operations C6.2 – – 1,093 1,093 – – – 1,093
14
annual_report
gb_lloyds_banking_grp-AR_2015
1,829
Economic profit Set relative to 2017 targets Threshold: £2,870m Maximum: £3,587m
11
annual_report
AegonNV-AR_2013
3,692
Included in fee and commission income is EUR 40 million of fees on trust and fiduciary activities (2012: EUR 34 million; 2011: EUR 76 million).
25
annual_report
651
267
The more significant GAAP applied in the preparation of the financial statements that differ from life insurance statutory accounting practices prescribed or permitted by regulatory authorities (which are primarily designed to demonstrate solvency) are as follows:
36
10K
5196
6,428
This standard changed the requirements for reporting discontinued operations. The disposal of a component of an entity must be reported as a discontinued operation if the disposal represents a strategic shift that has a major effect on an entity’s operations and financial results. The amendments also require entities t...
71
10K
1703
573
In December 2001, upon approval by the Company's Board of Directors to commence an orderly liquidation of the Empire Group, the Company classified as discontinued operations the property and casualty insurance operations of the Empire Group. The Empire Group had historically engaged in commercial and personal lines of ...
210
10K
5632
1,086
Reflects the accrual for local country income taxes, state income taxes and withholding taxes as a result of the change in its indefinite reinvestment assertion such that the Company is generally no longer indefinitely reinvested on the earnings subject to the Transition Tax.
43
10K
SwissReAG-AR_2005
751
More information on the Group’s sustainability and corporate citizenship activities is available on the Swiss Re website at www.swissre.com.
19
annual_report
de_allianz-AR_2008
4,241
Expected return on plan assets 448 577 Actuarial gains/(losses) (781) (331) Employer contributions 500 342 Plan participants’ contributions 65 67 Foreign currency translation adjustments (150) (229)
26
annual_report
AegonNV-AR_2017
86
He was appointed as a member of Aegon’s Executive Board in 2003, overseeing the Company’s international growth strategy. In April 2007, Mr. Wynaendts was named Aegon’s Chief
27
annual_report
GjensidigeForsikringASA-AR_2010
267
gjensidige annual report 2010 23 perspective o perAtio n s gjensidige’s Baltic business has shown a strong capability of implementing measures relating to claims incurred and operating expenses in step with the declining premium volume. these measures have yielded increased profits, and gjensidige has posted underwriti...
56
annual_report
4394
1,196
In the year ended December 31, 2011, we reported net income of $72.1 million or $0.80 per diluted share as compared to net income of $204.2 million or $2.06 per diluted share for the same period in 2010. Pretax margin was 1.5 percent for 2011 compared to 2.4 percent for 2010.
51
10K
PhoenixGroupHoldingsPLC-AR_2010
574
At least 13 percent of our workforce is of ‘non-white British’ origin. This supports our aim to be a ‘best place to work’ with a reputation for giving real effect to our wide ranging equal opportunity policies.
37
annual_report
4718
880
During 2013, the Company recorded catastrophe losses of approximately $17 million which were primarily due to tornadoes in Oklahoma and severe storms in the Midwest and the Southeast regions during the second quarter.
33
10K
gb_prudential-AR_2019
6,980
Any changes or modification of IFRS accounting policies may require a change in the way in which future results will be determined and/or a retrospective adjustment of reported results to ensure consistency.
32
annual_report
RaiffeisenBankInternationalAG-AR_2013
1,942
Negative fair values of derivatives in cash flow hedges (IAS 39) 28,413 2,903
13
annual_report
5958
1,400
Net investment income decreased 17.0% to $761 million in 2020 from $917 million in 2019. The decrease was primarily due to a decline in market-based income driven by lower interest-bearing portfolio yields as well as lower performance-based investment results and lower average investment balances.
44
10K
StandardLifeAberdeenPLC-AR_2014
2,945
Standard Life Investments 3 (3) 7 (7) - - - - - - Asia and Emerging Markets: Deferred acquisition costs - - - (1) - - - - - - Assets backing non-participating insurance contract liabilities - - - - - - - - - - Assets backing non-participating investment contract liabilities - - - - - - - - - - Non-participating insuran...
90
annual_report
gb_prudential-AR_2016
1,168
Supporting our strategy I also ensure that our governance supports our strategy and the long-term success of Prudential. This year specifically, the Board has overseen major transactions in support of our strategy: the initial public offering of our Indian joint venture, ICICI Prudential Life; commencing the divestment...
118
annual_report
AegonNV-AR_2016
6,737
Aegon are exempt from Dutch corporate income tax and were subject to a withholding tax of at least 5% upon distribution to Aegon.
23
annual_report
nl_ing_grp-AR_2014
5,337
› Foreign exchange: the increase is mainly resulting from ceasing the hedge of the common equity tier 1 ratio for foreign exchange rates of a selection of emerging market currencies.
30
annual_report
4532
730
To the extent that unrealized gains on fixed income securities supporting long term care products and payout annuity contracts would result in a premium deficiency if those gains were realized, a related decrease in Deferred acquisition costs and/or increase in Insurance reserves are recorded, net of tax, as a reductio...
86
10K
AvivaPLC-AR_2009
4,827
— Continue to invest in our brand and improving customer experience to increase customer advocacy and consumer demand for our products
21
annual_report
AvivaPLC-AR_2009
1,526
The Group has considerable financial resources together with a diversified business model, with a spread of business and geographical reach. As a consequence, the directors believe that the Group is well placed to manage its business risks successfully.
38
annual_report
GjensidigeForsikringASA-AR_2011
764
cHANgES IN FRAMEwORk cONdITIONS Solvency II Throughout 2011, Gjensidige continued its preparations for the Solvency II regulations. They will entail new requirements for calculating capital require­ ments, risk management and the reporting of the risk and capital situation in European insurance companies. The Solvency ...
83
annual_report
4566
794
In the normal course of business, NSFC seeks to reduce the loss that may arise from catastrophes or other individually significant large loss events that cause unfavorable underwriting results by re-insuring certain levels of risk in various areas of exposure with reinsurance companies. NSFC maintains a catastrophe rei...
57
10K
gb_prudential-AR_2006
1,687
The information given is as of the date of this report, is not updated, and any forward-looking statements are made subject to the reservations specified on the inside back cover of the Annual Report.
34
annual_report
5017
1,419
On January 2, 2014, as a result of the LPS acquisition, FNF acquired $600 million aggregate principal amount of 5.75% Senior Notes due 2023, initially issued by Black Knight Infoserv, LLC (formerly LPS, "Black Knight Infoserv") on October 12, 2012 (the "Black Knight Senior Notes"). The Black Knight Senior Notes were re...
923
10K
5797
1,710
During 2019, we fully utilized our previously announced $75 million share repurchase program. In the first quarter of 2020, our board of directors has authorized an additional share repurchase program under which we may repurchase up to $50 million of our common shares from time to time in open market or privately nego...
54
10K
2290
909
On December 2, 2003, DHC executed a definitive investment and purchase agreement to acquire the energy and water businesses of Covanta Energy Corporation ("Covanta") in connection with Covanta's emergence from Chapter 11 proceedings in bankruptcy. The primary components of the transaction are: (1) the purchase by DHC o...
154
10K
4228
1,952
Under the broad-based stock plan of 2001, up to 2.00 million shares of common stock were available for stock option awards to our employees, officers, consultants, and brokers, excluding certain senior officers and directors. The plan was terminated in December 2007 for purposes of any further grants, other than reload...
82
10K
HiscoxLtd-AR_2008
1,267
Net asset value per share (p) 258.1 209.5 173.2 147.7 125.7
11
annual_report
INGGroepNV-AR_2017
868
Corruption prevention is high on ING’s agenda. The responsible behaviour embedded in our Orange Code values is the basis of our approach to Compliance Risk Management, which includes training of employees on integrity-related topics and compliant behaviour. ING has started a bank-wide enhancement programme for its fina...
74
annual_report
154
246
The Company's investment portfolio, which was recorded at market value for "available-for-sale" and amortized cost for "held-to-maturity" investments, consisted of the following at December 31, 1994:
26
10K
3095
495
ILIAC is a stock life insurance company domiciled in the state of Connecticut. ILIAC and its wholly-owned subsidiaries (collectively, the “Company”) are providers of financial products and services in the United States. ILIAC is authorized to conduct its insurance business in all states and in the District of Columbia.
49
10K
PhoenixGroupHoldingsPLC-AR_2011
1,211
Stock lending Financial assets that are lent under the Group’s stock lending programme do not qualify for derecognition from the statement of consolidated financial position as the Group retains substantially all the risks and rewards of the transferred assets.
39
annual_report
PosteItalianeSpA-AR_2017
6,184
Credit risk relates to the possibility that a change in a borrower’s credit rating could result in a loss, i.e., the risk that a debtor comes into full or partial breach of its repayment obligations for principal and interest.
39
annual_report
5958
4,089
The Company receives cash collateral for securities loaned in an amount generally equal to 102% and 105% of the fair value of domestic and foreign securities, respectively, and records the related obligations to return the collateral in other liabilities and accrued expenses. The carrying value of these obligations app...
102
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2010
1,305
List of shareholdings as at 31 December 2010 in accordance with Section 313 para. 2 of the German Commercial Code 269 munich Re GRouP annual RePoRt 2010
27
annual_report
gb_prudential-AR_2013
13
Contents 1 Group overview 03–12 04 Chairman’s statement 06 Group Chief Executive’s report 2 Strategic report 13–61 14 Who we are 15 How our business works 16 Our strategy 17 Implementing our strategy 18 Measuring our performance 20 Our businesses and their performance 34 Chief Financial Officer’s report on our 2013 fin...
103
annual_report
5231
1,310
During the first quarter of 2016 under an amendment to the securities lending program, the Company began accepting non-cash collateral in the form of securities. The securities retained as collateral by the lending agent may not be sold or re-pledged, except in the event of default, and are not reflected in the Company...
107
10K
RSAInsuranceGroupPLC-AR_2017
2,178
Net cash flows from operating activities – discontinued operations – (18)
11
annual_report
5713
2,980
For a discussion regarding contingencies related to The Hartford’s legal proceedings, please see the information contained under “Litigation” and “Asbestos and Environmental Claims,” in Note 14 - Commitments and Contingencies of the Notes to Consolidated Financial Statements and Part I, Item 3 Legal Proceedings, which ...
50
10K
RSAInsuranceGroupPLC-AR_2020
1
We take pride in providing excellent customer service as well as striving to achieve high performance levels that benefit our shareholders and employees. We are a focussed, agile and resilient business.
31
annual_report