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SwissReAG-AR_2019 | 3,996 | Life Capital supports and incubates entities in the B2B2C primary business, B2B corporate business as well as the closed book space.* As a key part of Swiss Re’s strategic growth plan, Life Capital provides alternative access to new Life & Health and Property & Casualty risk pools and creates simple and transparent digital propositions that make insurance products simpler and more accessible, and help boost the business of our partners. | 70 | annual_report |
ASRNederlandNV-AR_2019 | 2,774 | In 2019 a.s.r. redeemed a € 6 million and a € 4 million loan from respectively Vesteda and VGMI. | 19 | annual_report |
2504 | 392 | We lease certain equipment at our New Mexico HMO under capital leases. As of December 31, 2004, our lease obligations for the next five years and thereafter are as follows: $0.2 million in 2005, $0.2 million in 2006, $0.2 million in 2007, $0.1 million in 2008, and none thereafter. | 49 | 10K |
3369 | 1,127 | It also requires that a change in the method of depreciation, amortization, or depletion for long-lived, non-financial assets be reported as a change in accounting estimate rather than a change in accounting principle. SFAS 154 was adopted by the Company during the first quarter of 2006 and did not have a material impact on the Company’s consolidated financial statements. | 59 | 10K |
ch_zurich_insurance_group-AR_2009 | 2,594 | IFA/Brokers distribution increased APE by 11 percent in local currency terms but reduced slightly in U.S. dollar terms. Strong pension sales in the UK and successful sales campaigns from the Finanza e Futuro distribution channel in Italy were partially offset by lower sales of unit-linked pension products in Germany. | 49 | annual_report |
CNPAssurancesSA-AR_2005 | 1,613 | The term “community” is particularly appropriate in the case of CNP Assurances, because of the many employees who have been with us for a very long time. For historical reasons, the average seniority of civil servants seconded to our Company is close to 29 years. And the average years of service of permanent employees is steadily increasing, to more than 9 years in 2004 (excluding the effect of creating CNP Trésor). This is not down to any freeze on recruitments – on the contrary, in 2004 we hired 354 people under permanent contracts – but rather to the low staff turnover rate. In 2004, the rate was 2.24% (excluding CNP Trésor) versus 2.98% the year before. | 116 | annual_report |
PhoenixGroupHoldingsPLC-AR_2018 | 1,058 | The Group had three reportable accidents during 2018 which were reported to the Health and Safety Executive under the Reporting of Incidents, Disease and Dangerous Occurrence Regulations (‘RIDDOR’). | 28 | annual_report |
AssicurazioniGeneraliSpA-AR_2017 | 815 | In particular, Banco BTG Pactual SA, within the deadline set by the Arbitral Tribunal, on November 30, 2017, filed its first brief, containing the allegations supporting its claims for damages. These claims, strongly challenged by Generali, would be based, according to the counterparty, on the alleged violation of the representations, warranties and covenants assumed by the seller in the context of the sale of BSI S.A. | 66 | annual_report |
5091 | 1,956 | Overall, gross written premiums increased by 9.7% in 2014 compared to 2013 due primarily to increases from our insurance lines, mainly in the U.S. In 2014, gross written premiums in our reinsurance segment increased by 3.4% reflecting growth in catastrophe and other property lines offset by planned reductions in casualty lines and challenging market conditions in some specialty lines. The increase in property catastrophe premiums in 2014 is mainly attributable to the impact of Aspen Capital Markets which has enabled us to leverage our existing franchise and underwriting expertise to increase line sizes and cede risk to third party investors. Our insurance segment’s premiums increased by 14.4% principally due to growth in all our U.S. teams, our international property and casualty business lines and from international financial and professional lines. Marine, aviation and energy lines have reduced premium written due to repositioning of certain accounts and difficult market conditions. | 149 | 10K |
PosteItalianeSpA-AR_2017 | 2,105 | �� On 27 July 2017, the Board of Directors of Equam SpA called an extraordinary general meeting of the company’s shareholders to approve the winding up and liquidation of the company. On 29 September 2017, a general meeting of the company’s shareholders approved the final liquidation financial statements, the liquidator’s report and the plan for distribution. The company was struck off the Companies Register on 2 October 2017. | 68 | annual_report |
5602 | 6,331 | For a summary of significant reinsurers see Item 7. MD&A - Enterprise Risk Management - Insurance Operations Risks - General Insurance Companies Key Insurance Risks - Reinsurance Recoverable. | 28 | 10K |
de_allianz-AR_2008 | 1,268 | Property-Casualty asset base fair values 1) in � bn 1) Loans and advances to banks and customers, held-to-maturity investments, and real estate held for investment are stated at amortized cost. Investments in associates and joint ventures are stated at either amortized cost or equity, depending upon, among other factors, our ownership percentage. For further information please refer to Note 2 to the consolidated financial statements. | 65 | annual_report |
4110 | 1,614 | December 31, 2009, (iii) Tower’s gain of $7.4 million related to the acquisition of CastlePoint for the year ended December 31, 2009 and (iv) Tower’s gain on bargain purchase of $13.2 million related to the acquisition of SUA for the year ended December 31, 2009. | 45 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2020 | 929 | Metrics: number of products available in the direct channel (online and phone). | 12 | annual_report |
RaiffeisenBankInternationalAG-AR_2008 | 2,395 | Refinancing costs would rise when a rating downgrade of these banks occurs and Raiffeisen International would have to pay higher risk premiums to refinance its assets. Funding and long-term refinancing is also driven by money supply. Sometimes funds are available more cheaply as risk premiums are low. At other times they are more expensive as credit spreads have widened. | 59 | annual_report |
PosteItalianeSpA-AR_2016 | 1,743 | These financial instruments are held by the subsidiary, Poste Vita SpA, and relate to: • fixed income securities, amounting to €9,566 million and consisting of €5,451 million in coupon stripped BTPs acquired to cover the contractual obligations arising on Class III insurance policies, while the balance of €4,086 million is primarily made up of corporate bonds issued by blue-chip companies and primarily linked to separately managed accounts, with €29 million relating to securities in which the company’s free capital has been invested. | 82 | annual_report |
NatwestGroupPLC-AR_2016 | 622 | - No.1 for GBP Options, GBP Inflation and GBP 2Y – 10Y IRS (Source: Total Derivatives Dealer Rankings 2016) | 19 | annual_report |
ch_zurich_insurance_group-AR_2013 | 3,645 | The following tables show how the totals of vested share options owned by members of the GEC as of December 31, 2013 and 2012, are distributed according to the grants identified in the tables “Summary of outstanding options.” | 38 | annual_report |
5525 | 393 | Net written premiums for the year ended December 31, 2017 increased 5.7% compared to 2016 (Tables 2 - 3) driven by (i) rate increases for our personal auto product implemented beginning in 2016 and continuing throughout 2017 and (ii) new business growth in personal auto and homeowners. The new business growth experienced during 2017 was due to production generated through State Auto Connect. | 63 | 10K |
SwissReAG-AR_2019 | 6,605 | Chief Risk Officer (CRO) Forum The CRO Forum is a group of professional risk managers from the insurance industry that focuses on developing and promoting industry best practices in risk management. The Forum consists of Chief Risk Officers from large multi-national insurance companies. www.thecroforum.org | 44 | annual_report |
5504 | 1,419 | In September 2014, our Board of Directors replaced a previous share repurchase authorization of up to $1 billion (of which $816 million remained unused) with an authorization for repurchases of up to $2 billion of our common shares exclusive of shares repurchased in connection with employee stock plans, which expired on December 31, 2016. Under the share repurchase authorization, shares may have been purchased from time to time at prevailing prices in the open market, by block purchases, through plans designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, or in privately-negotiated transactions (including pursuant to accelerated share repurchase agreements with investment banks), subject to certain regulatory restrictions on volume, pricing, and timing. Pursuant to the Merger Agreement, after July 2, 2015, we were prohibited from repurchasing any of our outstanding securities without the prior written consent of Aetna, other than repurchases of shares of our common stock in connection with the exercise of outstanding stock options or the vesting or settlement of outstanding restricted stock awards. Accordingly, as announced on July 3, 2015, we suspended our share repurchase program. | 186 | 10K |
936 | 575 | Direct premium written: Premium for insurance written on a company's policy forms during a given period. | 16 | 10K |
ch_zurich_insurance_group-AR_2018 | 2,420 | The net change of gains/(losses) deferred in OCI on derivative financial instruments designated as cash flow hedges were USD (3) million and USD (36) million before tax for the years ended December 31, 2018 and 2017, respectively. | 37 | annual_report |
gb_prudential-AR_2010 | 182 | Life APE new business sales New business profit Free surplus investment in new business | 14 | annual_report |
INGGroepNV-AR_2012 | 1,411 | Compensation of the members of the supervisory Board amounts in thousands of euros 2012 (1) 2011 (1) 2010 (1) | 19 | annual_report |
PowszechnyZakladUbezpieczenSA-AR_2010 | 360 | PZU ACTIVITIES IN 2010 9. Activities, key developments and achievements of the major PZU Group Companies | 16 | annual_report |
INGGroepNV-AR_2009 | 1,233 | Reserves include Revaluation reserve of EUR 2,466 million (2008: EUR –8,502 million; 2007: EUR 4,937 million), Currency translation reserve of EUR –2,008 million (2008: EUR –1,918 million; 2007: EUR –1,354 million) and Other reserves of EUR 16,452 million (2008: EUR 18,077 million; 2007: EUR 24,352 million). Changes in individual components are presented in Note 13 ‘Shareholders’ equity (parent)/non-voting equity securities’. | 60 | annual_report |
ASRNederlandNV-AR_2014 | 486 | For a.s.r., there are three types of engagement: • Engagement for the purposes of monitoring. In 2014, we engaged in dialogue with around 20 companies, i.e. mostly our largest holdings. These companies represent nearly 35% of the internally managed equities portfolio. During each company meeting, a.s.r. puts the corporate social responsibility policy of these businesses on the executive agenda and addresses potentially controversial activities. a.s.r. was also invited by a number of companies it invests in to elaborate on our views and requirements in the area of sustainability. | 88 | annual_report |
5879 | 1,991 | We write the majority of our reinsurance contracts on an underwriting year basis and therefore may involve multiple accident years. Pursuant to customary cedant/reinsurer reporting requirements, the cedant reports premium for a given contract to us in total for the contract period, not separated by accident year. Similarly, for certain contract structures, the paid and outstanding losses will also be reported in total for the contract period, not by accident year. The short duration disclosure requires us to separately disclose paid losses, case reserves and IBNR losses by accident year, which necessitates an allocation of the underwriting year data between each of the applicable accident | 105 | 10K |
2826 | 1,301 | Consists of individual mutual funds, including investments in our mutual funds through wrap-fee products, and both variable annuities and variable life insurance assets in our separate accounts. This also includes funds invested in proprietary mutual funds through our defined contribution plan products. Fixed annuities and the fixed rate options of both variable annuities and variable life insurance are included in the general account. | 63 | 10K |
ch_zurich_insurance_group-AR_2009 | 2,846 | On April 17, 2009, Zurich Financial Services Ltd placed 4,800,000 new shares issued under its authorized share capital and 1,914,096 existing treasury shares, bought back under the share buy-back program authorized in 2008, with institutional investors via an accelerated bookbuild. The proceeds of CHF 1.2 billion from the accelerated bookbuild were used in connection with the funding of the 21st Century acquisition. | 62 | annual_report |
5140 | 881 | We believe that one of the key operating drivers for any subscription business is the amount of sales and marketing expenses incurred to drive new customer acquisition, which is typically evaluated in relation to lifetime value. In order to assess this metric, we regularly review a number of financial and operating metrics, including per pet unit economics, to evaluate our subscription business, determine the allocation of resources and make decisions regarding business strategy. | 73 | 10K |
NatwestGroupPLC-AR_2018 | 2,295 | On performing exposures (Stage 1 and Stage 2), materially higher ECL provision was held in credit deteriorated Stage 2 exposures than in Stage 1, in line with expectations. This was also reflected in provision coverage levels. | 37 | annual_report |
4218 | 861 | The following table summarizes the ratings distribution of states, municipalities and political subdivisions securities in a gross unrealized loss position at December 31, 2010. | 24 | 10K |
3663 | 561 | In 2007, we completed the acquisition of USAgencies L.L.C. (USAgencies), a non-standard automobile insurance distributor and provider headquartered in Baton Rouge, Louisiana, in a fully-financed all cash transaction valued at approximately $199.1 million. At the time of acquisition, USAgencies had 91 operating retail sales locations in Louisiana, Illinois and Alabama selling its products directly to consumers through its owned retail stores, virtual call centers and internet site. The acquisition gave us a leading market position in Louisiana, the twelfth largest non-standard automobile insurance market. The transaction was effective as of January 1, 2007. The purchase of USAgencies was financed through $200.0 million in borrowings under a $220.0 million senior secured credit facility that was entered into concurrently with the completion of the acquisition. | 123 | 10K |
gb_prudential-AR_2012 | 2,723 | iii Group sovereign debt exposure The exposures held by the shareholder-backed business and with-profi ts funds in sovereign debts and bank debt securities at 31 December 2012 are given within the Risk and capital management section of the Business review under Credit risk. | 43 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014 | 3,172 | Unit-linked life insurance Type of life insurance with a savings component, where the premium is invested in a fund and the benefits payable depend on fund performance. The investment risk is borne by the policyholder. | 35 | annual_report |
NatwestGroupPLC-AR_2015 | 2,446 | UK Personal & Business Banking (UK PBB) made signficant positive changes to the customer proposition in 2015, whilst becoming simpler and fair. We have seen a number of key customer metrics improve. Results now include Ulster Bank | 37 | annual_report |
Sampoplc-AR_2007 | 1,311 | Depreciation and amortisation by segment are disclosed in Note 12 and Investments in associates in Note 15. | 17 | annual_report |
2698 | 470 | be forced to cease operations. We currently have two television stations and five radio stations that are operating under expired licenses pending renewal, as allowed by the FCC. The FCC is delaying all commercial broadcast license renewals in these states until all complaints against any commercial broadcast station in that state are resolved. We are unaware of any complaints involving JP stations. | 62 | 10K |
5593 | 1,075 | Equity securities are carried at fair value. CNA’s non-redeemable preferred stock investments contain characteristics of debt securities, are priced similarly to bonds and are held primarily for income generation through periodic dividends. While recognition of gains and losses on these securities is not discretionary, CNA does not consider the changes in fair value of non-redeemable preferred stock to be reflective of its primary operations. As such, the changes in the fair value of these securities are recorded through Net realized investments gains (losses). | 83 | 10K |
1446 | 806 | In August 1998, PICO acquired 412,846 shares of its own common stock at a cost of $1.6 million, and assumed call option obligations for the delivery of these shares when the options are exercised. These call options expire on December 30, 2003 and are held by PICO's chairman of the board and president and chief executive officer. On December 31, 1998, 57,307 of these options were exercised for a total of $200,000. | 72 | 10K |
CNPAssurancesSA-AR_2013 | 273 | A turning point in social protection The ageing population, different work models and emerging vulnerabilities are creating new needs for protection, prevention and support. At the same time, pensions reform, economic recession and the necessary adaptation of the social security system are overturning previous perceptions of compulsory insurance and its role in pooling risks. The “Ani” agreement providing for all employees to be covered by supplementary | 66 | annual_report |
4913 | 997 | Net investment income on general account invested assets (which excludes income on policyholder accounts) increased 4.8 percent, to $895.4 million, in 2014 and 4.5 percent, to $854.0 million, in 2013. The increase in net investment income is due to: (i) the impact of favorable experience resulting in prospective changes in assumptions which increased the yield on certain structured securities in 2014; and (ii) higher general account invested assets. The increase in general account invested assets has resulted from: (i) sales and persistency of our annuity and health products in recent periods; and (ii) the proceeds from $50 million and $250 million in 2014 and 2013, respectively, of additional collateralized borrowings from the FHLB pursuant to an investment borrowing program. Prepayment income was $16.9 million, $13.4 million and $11.6 million in 2014, 2013 and 2012, respectively. | 135 | 10K |
4658 | 1,050 | prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable | 22 | 10K |
SwissReAG-AR_2012 | 2,647 | Reinsurance receivables Reinsurance receivables as of 31 December were as follows: USD millions 2011 2012 | 15 | annual_report |
INGGroepNV-AR_2006 | 148 | Our strong and diversifi ed earnings capacity and returns at satisfying level in all business lines show that the consistent implementation of our strategy is paying off. ING continues to offer a solid increase in Total Shareholder Return (TSR). Amongst the peer group of 20 global fi nancial organisations, ING ranks second with a TSR of 109% over a three-year period since 2004. This exceeds our fi nancial objective to offer our shareholders a higher total return than the average of that of our peers over the longer term. | 89 | annual_report |
453 | 186 | Revenues during the fiscal year ended March 31, 1996, increased 15% from the fiscal year ended March 31, 1995. Revenues for the fiscal year ended March 31, 1995, increased 9% from the fiscal year ended March 31, 1994. | 38 | 10K |
4051 | 2,516 | •equity and alternative investments declined reflecting the effects of the poor 2008 market performance, in particular in partnership investments (down approximately $5.2 billion). These decreases were partially offset by | 29 | 10K |
INGGroepNV-AR_2007 | 1,922 | At 31 December 2007, the fair values of outstanding derivatives designated under net investment hedge accounting was EUR –71 million (2006: EUR –4 million), presented in the balance sheet as EUR 281 million (2006: EUR 3 million) positive fair values under assets and EUR 352 million (2006: EUR 7 million) negative fair values under liabilities. | 55 | annual_report |
4504 | 1,611 | Acquisition costs. Our acquisition cost ratio for the year ended December 31, 2011 increased by 2.3 percentage points compared to the prior year. The increase in the acquisition cost ratio was principally due to changes in the mix of business written. The insurance and reinsurance contracts we write have a wide range of acquisition cost ratios. Our relative mix of insurance and reinsurance business has moved towards more reinsurance, with 66.9% of net premiums earned being from reinsurance business for the year ended December 31, 2011 compared to 60.4% for the year ended December 31, 2010. This resulted in an increase in the acquisition cost ratio as reinsurance business tends to have higher acquisition costs compared to insurance. A decrease in the level of reinsurance purchased across our segments also contributed to the increase in the ratio for the year ended December 31, 2011. As we retain more business in our segments, we receive less ceding commission income to offset our brokerage and commission costs, which increases our acquisition cost ratio. | 171 | 10K |
ScorSE-AR_2017 | 3,446 | Gross UPR – end of year 1,108 1,099 1,135 1,384 1,516 1,683 1,663 1,938 2,239 2,261 2,270 | 17 | annual_report |
TrygAS-AR_2006 | 141 | equity return of 20.3%. Both Danish and Norwegian equities outperformed the benchmark with returns of lower effective tax rate | 19 | annual_report |
5652 | 1,174 | Bonus Depreciation - The Company completed its determination of all capital expenditures that qualify for immediate expensing. For the year ended December 31, 2017, the Company recorded a provisional deduction of $40 million based on its current intent to fully expense all qualifying expenditures. This resulted in an increase of approximately $14 million to the Company's U.S. federal current income taxes receivable and a corresponding increase in its net deferred tax liabilities of approximately $14 million. However, as a result of further analysis on assets placed in service after September 27, 2017, the Company concluded its tax deduction to be $8 million. The tax benefit was reflected on the Company’s 2017 U.S. federal corporate income tax return filed on October 12, 2018. The effect of the measurement-period adjustment on the 2018 effective tax rate is included in the reduction of the federal corporate tax rate above. | 146 | 10K |
StandardLifeAberdeenPLC-AR_2014 | 1,316 | 2015 performance level Below threshold Threshold Maximum Original performance range 2015 Group operating profit before tax (excluding life joint ventures)1 <£725m £725m £875m Restated performance range 2015 Group operating profit before tax (including life joint ventures)1 <£610m £610m £740m 1 Life joint ventures refers to HDFC Standard Life Insurance Company Limited and Heng An Standard Life Insurance Company Limited. | 59 | annual_report |
fr_axa-AR_2012 | 5,928 | (c) Net of shadow accounting on unearned revenues and fees reserves. | 11 | annual_report |
RSAInsuranceGroupPLC-AR_2020 | 2,833 | © 2020 Friend Studio Ltd File name: Notes_01_to_29_v26 Modification Date: 9 March 2021 11:26 am 27) Fair value measurement continued Derivative financial instruments Derivative financial instruments are financial contracts whose fair value is determined on a market basis by reference to underlying interest rate, foreign exchange rate, equity or commodity instrument or indices. | 53 | annual_report |
459 | 238 | The net investment is classified as other invested assets in the accompanying statements of admitted assets, liabilities, capital stock and surplus. | 21 | 10K |
4613 | 1,155 | In addition to assumed and ceded reinsurance arrangements, the Company may also have exposure to some financial guaranty reinsurers (i.e. monolines) in other areas. Second-to-pay insured par outstanding represents transactions the Company has insured that were previously insured by other monolines. The Company underwrites such transactions based on the underlying insured obligation without regard to the primary insurer. See Note 14, Reinsurance and Other Monoline Exposures, of the Financial Statements and Supplementary Data. | 73 | 10K |
5453 | 654 | changes to tax law, such as the effect of the Tax Reform Act enacted on December 22, 2017, or interpretations of existing tax law could adversely affect our ability to compete with non-insurance products or reduce the demand for certain insurance products; | 42 | 10K |
1676 | 1,075 | START-UP MANUFACTURING BUSINESSES Since 1998, AFC subsidiaries have made loans to two start-up manufacturing businesses which were previously owned by unrelated third-parties. During 2000, the former owners chose to forfeit their equity interests to AFC rather than invest additional capital. Total loans extended to these businesses prior to forfeiture amounted to $49.7 million and the accumulated losses of the two businesses were approximately $29.7 million. | 65 | 10K |
2537 | 293 | Excluding premium and fee income associated with the CLAC reinsurance and the Allianz reinsurance, premium and fee income decreased $149 million or 9% in 2003 when compared to 2002. The decreases are primarily due to lower membership levels associated with lower case sales offset by an increase in revenue resulting from pricing actions taken during 2002 and 2003. | 58 | 10K |
3621 | 798 | Pending Arbitration. Highlands was placed in receivership during 2003 (which receivership remains pending). On August 31, 2005, the Highlands’ Receiver demanded arbitration against the Company and other reinsurers, including The Philadelphia Contributionship for the Insurance of Houses from Loss by Fire, American Healthcare Insurance Company and various Lloyds Syndicates. In November 2005, the Company responded to this demand by seeking rescission of the reinsurance agreement, monetary damages for claims that were paid by the Company under the agreement and other appropriate relief. Highlands is seeking to recover certain of its losses from the Company under the reinsurance agreement. No arbitration panel has yet been constituted. | 105 | 10K |
LloydsBankingGroupPLC-AR_2019 | 2,863 | When finalising the changes to the Group’s DC employer pension offering including the reduction to ED pensions, the potential impact on pay ratios including gender pay were considered | 28 | annual_report |
5374 | 1,450 | The completion of these reviews and analyses in 2017, 2016 and 2015 resulted in $225 million, $225 million and $224 million increases, respectively, in the Company's net asbestos reserves. In each year, the reserve increases were primarily driven by increases in the Company's estimate of projected settlement and defense costs related to a broad number of policyholders in the Home Office category due to a higher than previously anticipated level of litigation activity surrounding mesothelioma claims. This increase in the estimate of projected settlement and defense costs resulted from payment trends that continue to be higher than previously anticipated due to the impact of the current litigation environment discussed above. Over the past decade, the property and casualty insurance industry, including the Company, has experienced net unfavorable prior year reserve development with regard to asbestos reserves, but the Company believes that over that period there has been a reduction in the volatility associated with the Company's overall asbestos exposure as the overall asbestos environment has evolved from one dominated by exposure to significant litigation risks, particularly coverage disputes relating to policyholders in bankruptcy who were asserting that their claims were not subject to the aggregate limits contained in their policies, to an environment primarily driven by a frequency of litigation related to individuals with mesothelioma. The Company's overall view of the current underlying asbestos environment is essentially unchanged from recent periods and there remains a high degree of uncertainty with respect to future exposure to asbestos claims. | 247 | 10K |
2197 | 981 | We regularly evaluate our estimated gross profits, or EGP, to determine if actual experience or other evidence suggests that earlier estimates should be revised. Several assumptions considered to be significant in the development of EGP include separate account fund performance, surrender and lapse rates, estimated interest spread and estimated mortality. The separate account fund performance assumption is critical to the development of the EGP related to our variable annuity and variable and interest-sensitive life insurance businesses. The average long-term rate of assumed separate account fund performance used in estimating gross profits was 7% for the variable annuity business and 8% for the variable life business at December 31, 2003. | 109 | 10K |
1718 | 860 | Reinsurance does not legally discharge an insurer from its primary liability for the full amount of risks assumed under insurance policies it issues, but it does make the assuming reinsurer liable to the insurer to the extent of the reinsurance ceded. Therefore, the Company is subject to credit risk with respect to the obligations of its reinsurers. In its selection of reinsurers, the Company evaluates the financial stability of its prospective reinsurers. To date, the Company has not, in the aggregate, experienced any material difficulties in collecting reinsurance recoverables other than those balances related to CSC and HIH, as discussed previously, and for which allowances have been established. No assurance can be given regarding the future ability of any of the Company’s reinsurers to meet their obligations. The following table sets forth information relating to the Company’s five largest reinsurers on the basis of reinsurance premium ceded (other than client captive quota-share reinsurers) as of December 31, 2001 (in thousands): | 160 | 10K |
RSAInsuranceGroupPLC-AR_2020 | 1,056 | Members The Committee comprises a number of independent Non-Executive Directors. The Committee’s members in 2020 were: Kath Cates (Chair), Enrico Cucchiani and Martin Strobel. | 24 | annual_report |
2982 | 486 | Our ability to maintain and increase Personal Lines net written premium and to maintain and improve underwriting results is expected to be affected by increasing price competition, our ability to achieve acceptable margins on new business written and to retain our existing business, regulatory actions, and our plans to continue to reduce coastal exposures. For example, the Massachusetts Commissioner of Insurance has ordered a reduction in net rates of personal automobile insurance of 11.7% beginning April 1, 2007, which follows a reduction of 8.7% in 2006. Also, new business, such as that which we are generating through Connections Auto, generally experiences higher loss ratios than renewal business, and is more difficult to predict. In certain states, we have experienced loss ratios with our new Connections Auto personal automobile business which are currently higher than expected, particularly in states in which we have less experience and data. We have initiated several actions to improve our results in new business; however, our ability to maintain or increase earnings and continue to grow could be adversely affected should the loss ratios for new business prove to be higher than our pricing and profitability expectations. | 191 | 10K |
fr_axa-AR_1999 | 4,506 | Effect of changes in foreign currency exchange rates 407 269 (160) (116) 51 361 | 14 | annual_report |
AegonNV-AR_2010 | 3,600 | 192 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS OF AEGON N.V. NOTE 27 | 12 | annual_report |
2925 | 1,087 | An insignificant amount of securities available for sale were below investment grade at December 31, 2005. | 16 | 10K |
5468 | 1,264 | Further details of the calculation of basic and diluted earnings per share are set forth in Notes 2 and 21 of the audited consolidated financial statements for the years ended December 31, 2017, 2016 and 2015. | 36 | 10K |
4443 | 795 | The increase in Net amortization of DAC and VOBA for the year ended December 31, 2011 is primarily due to higher favorable unlocking in 2010 due to higher equity markets and favorable assumption changes, as well as higher gross profits in 2011. | 42 | 10K |
4718 | 1,274 | The Company experienced estimated pre-tax losses and loss adjustment expenses from severe weather events of $17 million, $39 million, and $18 million in 2013, 2012, and 2011, respectively. The losses in 2013 were primarily due to tornadoes in Oklahoma and severe storms in the Midwest and the Southeast regions during the second quarter. The losses in 2012 were primarily due to Hurricane Sandy and wind and hail storms in the Midwest region. The losses in 2011 related to California wind storms, Hurricane Irene, and Georgia tornadoes. | 86 | 10K |
de_allianz-AR_2007 | 560 | In total, non-operating items decreased by 25.5 % to � 962 million mainly coming from lower net realized gains, a negative trading result and higher impairments of investments. These effects could not be balanced by lower restructuring charges. | 38 | annual_report |
de_allianz-AR_2012 | 2,539 | Impairment of held-to maturity and available-forsale debt securities and of loans A held-to-maturity or available-for-sale debt security, as well as a loan is impaired if there is objective evidence that a loss event has occurred after initial recognition of the security and up to the relevant date of the Allianz Group’s consolidated balance sheet, and that loss event has nega- | 60 | annual_report |
gb_prudential-AR_2017 | 252 | Total remittances to the Group increased by 4 per cent in 2017, compared with 2016, with significant contributions from each of our major businesses. This increase was driven by remittances from Asia, up 25 per cent (on an actual exchange rate basis) compared with 2016. | 45 | annual_report |
fr_axa-AR_2015 | 1,905 | (a) Before intercompany eliminations. Gross Revenues amounted to €2,255 million net of intercompany eliminations as of December 31, 2015. | 19 | annual_report |
5734 | 1,205 | The Company recognizes ceded unearned premiums related to quota share agreements on its consolidated balance sheets as a prepaid reinsurance premium asset. As of December 31, 2019 and 2018, prepaid reinsurance premiums totaled $26.1 million and $18.3 million, respectively. The increase in 2019 was driven primarily by increased ceding on the Commercial All Risk line. | 55 | 10K |
fr_axa-AR_2010 | 4,124 | For the 2010 fi scal year and until April 29, 2010, it was decided to distribute among the members of the Supervisory Board a total amount of €366,666 (representing the total amount indicated above prorata temporis). | 36 | annual_report |
5302 | 779 | Although the insured has no right under the policy to appeal a Company claim decision, the insured may, at any time, contest in writing the Company's findings or action with respect to a loan or a claim. In such cases, the Company considers any additional information supplied by the insured. This consideration may lead to further investigation, retraction or confirmation of the initial determination. If the Company concludes that it will reinstate coverage, it advises the insured in writing that it will do so immediately upon receipt of the premium previously returned. Reserves are not adjusted for potential reversals of rescissions or adverse rulings for loans under dispute since such reversals of claim rescissions and denials have historically been immaterial to the reserve estimation process. | 125 | 10K |
3237 | 342 | · a $78 million gain on the sale of Stewart Smith in second quarter 2005 (equivalent to 3 percent of revenues); and | 22 | 10K |
4595 | 968 | Nonetheless, the Company currently expects retention levels (the amount of expiring premium that renews, before the impact of renewal premium changes) will remain strong relative to historical experience. The Company also expects to continue to achieve price increases on renewal business during 2013 that generally exceed loss cost trends. In the Business Insurance segment, the Company expects that renewal premium changes during 2013 will be broadly consistent with the higher levels | 71 | 10K |
5406 | 2,839 | The Company currently maintains the following performance incentive programs: the XL Group Ltd Amended and Restated 1991 Performance Incentive Program (the "1991 Program"), the XL Group Ltd Directors Stock & Option Plan (the "Directors Plan", and together with the 1991 Program, the "Programs"). The Programs provide that the securities to be issued pursuant to each Program are of XL Group. | 60 | 10K |
4095 | 1,703 | The financial results of our International Insurance segment and International Investments segment, excluding the global commodities group, for all periods presented reflect the impact of an intercompany arrangement with Corporate and Other operations pursuant to which the segments’ non-U.S. dollar denominated earnings in all countries are translated at fixed currency exchange rates. The fixed rates are determined in connection with a currency income hedging program designed to mitigate the risk that unfavorable exchange rate changes will reduce the segments’ U.S. dollar equivalent earnings. Pursuant to this program, Corporate and Other operations executes forward currency contracts with third parties to sell the net exposure of projected earnings from the hedged currency in exchange for U.S. dollars at specified exchange rates. The maturities of these contracts correspond with the future periods in which the identified non-U.S. dollar denominated earnings are expected to be generated. This program is primarily associated with the International Insurance segment’s businesses in Japan, Korea and Taiwan and the International Investments segment’s businesses in Korea and Europe. The intercompany arrangement with Corporate and Other operations increased (decreased) revenues and adjusted operating income of each segment as follows for the periods indicated: | 192 | 10K |
fr_axa-AR_2016 | 577 | Greece 8 5.3 Hellenic Association of Insurance Companies as of December 31, 2015. 2016 information not available. | 17 | annual_report |
957 | 403 | On December 16, 1997 the Company purchased Unisun Insurance Company ("Unisun") from Michigan Mutual Insurance Company for $26.2 million in cash including acquisition expenses. Unisun is the largest automobile insurance facility carrier in South Carolina and also writes personal automobile insurance in the States of Alabama, Georgia and North Carolina. Unisun has been included in the Company's consolidated financial statements from the date of acquisition. Total net premiums written by Unisun for 1997 are approximately $20 million. The total consideration exceeded the fair value of the acquired net assets by approximately $5.3 million and is being amortized over 25 years. | 100 | 10K |
2616 | 638 | We offer insurance coverage exclusively through independent agents and brokers, which number in excess of 6,300. Because some of our agents and brokers operate from multiple locations, our products are offered at more than 8,300 locations. We are licensed to provide insurance in 37 states and the District of Columbia, although we focus our operations in 21 states that we believe provide significant opportunity for profitable growth. Our markets include California, Florida and Texas, the three largest non-standard automobile insurance markets in the United States. These three states were our first, second, and fifth largest states by premium volume and accounted for 73% of our gross premiums written for the year ended December 31, 2004. In addition to the premiums we charge for our insurance policies, we receive fees for policy issuance, installment payment processing and other items that, in total, aggregate approximately 11% of premiums. | 146 | 10K |
4472 | 1,336 | As of December 31, 2011 and 2010, policy and claim reserves relating to insurance ceded of $5.5 billion, are included in reinsurance receivables. Should any of the reinsurers be unable to meet its obligation at the time of the claim, the Company would be obligated to pay such claims. As of December 31, 2011 and 2010, the Company had paid $127.1 million and $132.6 million, respectively, of ceded benefits which are recoverable from reinsurers. In addition, as of December 31, 2011 and 2010, the Company had receivables of $64.9 million and $64.8 million, respectively, related to insurance assumed. | 98 | 10K |
AegonNV-AR_2016 | 146 | She moved to the Netherlands in 2000, where she held a number of various roles, leading to her appointment as CEO of ABN AMRO’s asset management operations. Ms. Russell joined Aegon Asset | 32 | annual_report |
AegonNV-AR_2005 | 1,661 | AEGON monitors and manages its underwriting risk by underwriting risk type. Attribution analysis is performed on earnings and reserve movements in order to understand the source of any material variation in actual results from what was expected. AEGON’s units also perform experience studies for underwriting risk assumptions, comparing AEGON’s experience to industry experience as well as combining AEGON’s experience and industry experience based on the depth of the history of each source to AEGON’s underwriting assumptions. Where policy charges are flexible in products, AEGON uses these analyses as the basis for modifying these charges, with a view to maintain a balance between policyholder and shareholder interests. AEGON also has the ability to reduce expense levels over time, thus mitigating unfavorable expense variation. | 122 | annual_report |
ch_zurich_insurance_group-AR_2008 | 2,876 | Board of Directors’ Responsibility The Board of Directors is responsible for the preparation of the fi nancial statements in accordance with the requirements of Swiss law and the company’s articles of incorporation. This responsibility includes designing, implementing and maintaining an internal control system relevant to the preparation of fi nancial statements that are free from material misstatement, whether due to fraud or error. The Board of Directors is further responsible for selecting and applying appropriate accounting policies and making accounting estimates that are reasonable in the circumstances. | 87 | annual_report |
HannoverRueckSE-AR_2010 | 2,536 | Government debt securities of Eu member states – – – 305 305 | 12 | annual_report |
NatixisSA-AR_2020 | 12,227 | The choice between these two methods for exercising Senior Management is made by the Board of Directors which may legitimately deliberate only if: the Agenda, containing this item, is sent out at least 15 days priorV to the Board Meeting; at least two thirds of the directors are present or represented.V | 51 | annual_report |
NatixisSA-AR_2002 | 658 | As well as establishing and updating the Bank’s code of ethics, the Corporate Ethics Officer’s role also encompasses organizing training and information sessions, and raising awareness among employees of the need to respect the Bank’s ethical standards. Each of the Bank's business lines has its own ethics officer, responsible for monitoring day-to-day compliance, and the | 55 | annual_report |
433 | 484 | Matching the investment portfolio maturities to the cash flow demands of the type of insurance being provided is an important consideration for each type of life insurance product and annuity. AmerUs Life continuously monitors benefits and surrenders to provide projections of future cash requirements. As part of this monitoring process, AmerUs Life performs cash flow testing of its assets and liabilities under various scenarios to evaluate the adequacy of reserves. In developing its investment strategy, AmerUs Life establishes a level of cash and securities which, combined with expected net cash inflows from operations, maturities of fixed maturity investments and principal payments on mortgage-backed securities, are believed adequate to meet anticipated short-term and long-term benefit and expense payment obligations. There can be no assurance that future experience regarding benefits and surrenders will be similar to historic experience since withdrawal and surrender levels are influenced by such factors as the interest rate environment and AmerUs Life's claims-paying and financial strength ratings. | 159 | 10K |
2261 | 1,525 | 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. The formula for determining the amount of risk-based capital specifies various factors, weighted based on the perceived degree of risk, which are applied to certain financial balances and financial activity. The adequacy of a company’s actual capital is evaluated by a comparison to the risk-based capital results, as determined by the formula. Companies below minimum risk-based capital requirements are classified within certain levels, each of which requires specified corrective action. As of December 31, 2003 and 2002, all of CNA’s domestic insurance subsidiaries exceeded the minimum risk-based capital requirements. | 135 | 10K |
HiscoxLtd-AR_2004 | 750 | (G)An instrument of proxy is (unless the contrary is stated in it) valid for an adjournment of the meeting as well as for the meeting or meetings to which it relates. An instrument of proxy is valid for 12 months from the date of execution or, in the case of an appointment of proxy delivered in an electronic communication, for the duration specified by the board. | 66 | annual_report |
fr_axa-AR_2013 | 7,738 | “Investment Company Act”), for alleged excessive fees paid to AXA Equitable and FMG LLC for investment management services and asserts a variety of other claims including unjust enrichment. Plaintiff purports to fi le the lawsuit as a class action in addition to a derivative action and seeks recovery of the alleged overpayments, rescission of the contracts, restitution of all fees paid, interest, costs, attorney fees, fees for expert witnesses and reserves the right to seek punitive damages where applicable. In January 2013, a second lawsuit was fi led in the United States District Court of the District of | 98 | annual_report |
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