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NatixisSA-AR_2018
7,028
Available-for-sale financial assets 427 (427) 0 0 0 0 0 0 0 0 0 0 0 (0) 0
18
annual_report
4959
1,414
Net earned premiums increased primarily due to the recapture of a reinsurance agreement related to our term life insurance products in 2014. Sales of our term life insurance product have increased in 2014 from growth of reintroduced term life insurance products that we began offering in the fourth quarter of 2012.
51
10K
4896
587
Index to Financial Statements We do not currently market annuities. See the caption Annuities for discussion of the Annuity segment.
20
10K
fr_axa-AR_2010
4,679
Henri de Castries Chairman & CEO Beginning of current mandate: 04/29/2010 Term of offi ce: 2014 – X X – X – – X
24
annual_report
4643
504
All estimates set forth above regarding the future results of our clean energy investments are subject to significant risks, including those set forth in the risk factors regarding our IRC Section 45 investments under Item 1A, “Risk Factors.”
38
10K
BaloiseHoldingLtd-AR_2013
1,385
The total claims reserve consists of three components. Reserves calculated using actuarial methods form the basis of the total claims reserve. The second component comprises reserves for those complex special cases and events that do not lend themselves to purely statistical evaluation. These are generally rare claims ...
116
annual_report
SwissReAG-AR_1994
465
Accruals and deferred income contain a deferral of CFIF 510 million, from the sale of the insurance companies, which will only be realised in the 1995 accounts.
27
annual_report
3983
811
for the benefit of the ceding company (the “beneficiary”), which may draw on the letter of credit to be reimbursed for valid claim payments not made by RGA pursuant to the reinsurance treaty. RGA is not a direct obligor under the letter of credit. To the extent the letter of credit is drawn by the beneficiary, reimburs...
141
10K
AvivaPLC-AR_2015
5,050
Pooled Pensions operating profit1 1 2 2 Other operations — (18) (96)
12
annual_report
4533
1,455
In addition to the usual investment risk associated with a debt instrument, our perpetual security holdings are largely issued by banks that are integral to the financial markets of the corresponding sovereign country of the issuer. As a result of the issuer's position within the economy of the sovereign country, our p...
173
10K
541
394
Statements of Operations for the years ended December 31, 1996, 1995 and 1994 36
14
10K
5549
1,416
Amortization expense was $211 million, $156 million and $147 million for the years ended December 31, 2018, 2017 and 2016, respectively. Estimated total amortization expense related to intangible assets for each of the five succeeding fiscal years is as follows ($ in millions):
43
10K
fr_axa-AR_2001
3,893
Separate account (unit-linked) liabilities, gross of reinsurance ceded 115,305 117,469 – – – – 115,305 117,469
16
annual_report
HelvetiaHoldingAG-AR_2016
1,357
Those financial liabilities that are held for trading or are irrevocably classified upon initial recognition as “designated as at fair value through profit or loss” are recognised at fair value. The latter classification is given to deposits if they are associated with investment funds or products for which the policyh...
128
annual_report
INGGroepNV-AR_2010
2,887
Further balance sheet related information for the banking operations is provided by segment in the section ‘Risk Management’.
18
annual_report
ScorSE-AR_2011
1,997
Officer is required to retain as registered shares at least 10 % of the shares issued from the exercise of stock-options granted and at least 10 % of the performance shares granted until the termination of his duties.
38
annual_report
3865
1,073
The corresponding impact of favorable prior year development on net income was $7 million for the year ended December 31, 2008. The change in the amount of the incurred claims related to prior years in the medical claims payable liability does not directly correspond to an increase or decrease in the Company’s net inco...
54
10K
BaloiseHoldingLtd-AR_2004
1,083
Board, to acquire shares in Bâloise-Holding, usually on an annual basis, at a preferential subscription price. The Trust acquired the shares set aside for this purpose from previous increases in the share capital of Bâloise-Holding. Due to the low acquisition cost of the shares held by the Trust and the number of share...
57
annual_report
3042
1,211
Our equity portfolio returned 6.5% in 2005 versus 37.0% in 2004. Our 6.5% return in 2005 was driven primarily by excellent returns across the portfolio offset by a significant decline in our largest equity position, Montpelier. Our core common stock portfolio returned 20.6% during 2005 and 29.0% in 2004, or 15.7 and 18...
75
10K
1163
238
Health insurance underwriting income before other income and administrative expense rose 4% in 1999 to $145 million, after having declined 1% in 1998. As a percentage of premium, underwriting income before other income and administrative expense declined 1% in both of the years 1999 and 1998 from the prior year, respec...
127
10K
4833
4,197
Amortization expense for finite-lived intangible assets was $12.0 million for the years ended December 31, 2013 and 2012 and $13.9 million for the year ended December 31, 2011.
28
10K
5365
529
The $123,707 decrease and $180,115 increase in investment real estate for the years ended December 31, 2017 and 2016, respectively, are summarized as follows:
24
10K
158
409
In 1994, the American Institute of Certified Public Accountants issued a Statement of Position (SOP) 94-6 "Disclosure of Certain Significant Risks and Uncertainties" (SOP 94-6). Pursuant to SOP 94-6, AIG has made certain disclosures as to risks and uncertainties and the nature of AIG's operations and AIG's use of estim...
58
10K
5556
1,380
Net Unrealized Investment Gains (Losses) on Fixed Maturity Securities on which an OTTI loss has been recognized
17
10K
AdmiralGroupPLC-AR_2009
134
The second deal was to reinsure a further 33% of our US venture with Hannover Re, one of our UK partners. Again, this deal serves to reduce our short-term risk in return for some of our profi ts in future years.
41
annual_report
5503
1,046
Loss and loss expenses include both net paid losses and reserve changes for unpaid losses as well as the associated loss expenses. For our commercial casualty and commercial auto lines of business in 2017, we experienced higher volumes in paid losses and loss expenses than we expected for certain accident years. As a r...
151
10K
4595
1,918
2012 Debt Repayments. On May 29, 2012, the Company purchased and retired $8.5 million aggregate principal amount of its 6.25% fixed-to-floating rate junior subordinated debentures due March 15, 2067. On June 15, 2012, the Company's $250 million, 5.375% senior notes matured and were fully paid.
45
10K
5145
1,109
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). This update is intended to provide a consistent approach in recognizing revenue. In accordance with the new standard, recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that...
138
10K
2828
753
Member co-payments are not recorded as revenue. The Company incurs no obligations for co-payments to pharmacies and has never made such payments. Under our pharmacy agreements, the pharmacy is solely obligated to collect the co-payments from the members. Under our client contracts, we do not assume liability for member...
68
10K
2796
4,386
Foreign Currency Translation. Our foreign subsidiaries’ balance sheet accounts and income statement items are translated at the current and average exchange rates for the year, respectively. Resulting translation adjustments are reported as a component of shareholders’ equity. Other translation adjustments for foreign ...
53
10K
2651
749
The Company has encountered increased competition in the variable annuity marketplace during recent years and anticipates that the market will remain highly competitive for the foreseeable future. Also, from time to time, federal initiatives are proposed that could affect the taxation of annuities (see “Regulation”).
45
10K
1940
670
During 2002, our shareholders approved an equity incentive plan and we granted stock options for 1.27 million common shares to employees. As of December 31, 2002, we have an obligation to issue approximately $1.2 million of additional stock options for 2002 executive management bonuses. We measure the fair value of sto...
91
10K
3568
3,588
The methodology used for valuing employee stock options is also used to value director stock options. Director stock options vest one year after the grant date, but are otherwise the same as employee stock options. Commencing in 2007, directors no longer receive awards of options. Options with respect to 40,000 shares ...
61
10K
NNGroupNV-AR_2017
1,100
‘The overall experience broadened my perspective and taught me valuable lessons that I think will be essential to me as I progress in life.’ Student testimonial
26
annual_report
PosteItalianeSpA-AR_2019
3,801
The determination of the IFRS 16 duration for all lease agreements other than property leases is instead equal to the duration of the obligation agreed upon between the parties, in keeping with future intent in wanting and being able to complete the term and past experience. The choice derives from the fact that, in su...
103
annual_report
5260
545
The effects of convertible instruments are excluded from the computation of earnings per common share diluted in periods in which the effect would be anti-dilutive. Convertible preferred shares are anti-dilutive when the amount of dividend declared or accumulated in the current period per common share obtainable upon c...
132
10K
3995
1,347
realized investment gains and losses and other-than-temporary impairment credit losses related to our fixed income securities portfolio.
17
10K
nl_ing_grp-AR_2015
4,364
The remaining EUR 0.5 billion (31 December 2014: EUR 0.4 billion) of the fair value classified in Level 3 financial liabilities is established using valuation techniques that incorporates certain inputs that are unobservable.
33
annual_report
3650
981
Income (loss) before taxes (credits) is reported net of interest charges on intercompany financing arrangements with Old Republic’s holding company parent for the following segments: General - $14.2, 15.4, and $3.0 for the years ended December 31, 2008, 2007 and 2006, respectively; Title - $2.6, 2.3, and $.1 for the ye...
59
10K
RSAInsuranceGroupPLC-AR_2018
1,048
Jupiter Fund Management plc, a position she has held since September 2016. Prior to joining Jupiter,
16
annual_report
ScorSE-AR_2015
403
Financing costs on real estate 10 11 IFRS INVESTMENT INCOME NET OF INVESTMENT MANAGEMENT EXPENSES
15
annual_report
SwissLifeHoldingAG-AR_2007
1,136
Disability coverage mainly comprises annuities and waiver of premiums. Benefits are typically paid after a waiting period.
17
annual_report
TrygAS-AR_2005
729
Profit for the year ended 31 December - IFRS 2,097 1,421
11
annual_report
NatwestGroupPLC-AR_2015
5,275
We tested the design and operating effectiveness of the key controls in the Group’s financial instrument valuation processes including the controls over data feeds and other inputs into valuation models and the controls over testing and approval of new models or changes to existing models.
45
annual_report
HelvetiaHoldingAG-AR_2008
249
For information concerning the first-time election to the Board of Helvetia Holding AG and the remaining term of office of the members of the Board of Directors, please refer to the table on page 18.
35
annual_report
1456
360
The property and casualty insurance segment's premium revenue has been adversely impacted by the mandated reduction in personal automobile rates in New Jersey of approximately 15% effective March 22, 1999. In addition, certain changes in the New Jersey Farm Bureau's membership requirements have had a favorable impact o...
94
10K
4226
567
Total net written premiums grew significantly in 2010, particularly in Commercial Lines. Total net written premiums increased approximately $439 million or $16.8%, and net written premiums in Commercial Lines grew 39.5% in 2010 compared to 2009. For the first time in our recent history, Commercial Lines net written pre...
126
10K
de_allianz-AR_2001
1,310
Outlook We are continually enhancing our risk control models at the Group level and across all risk categories by systematically evaluating our internal data. Two years ago, we launched a comprehensive project to expand the scope of internal risk analysis in the insurance business. In the course of 2002, this project w...
76
annual_report
5153
4,612
In June 2014, a $500 million senior note payable to MLIC matured and, subsequently, MetLife, Inc. issued a new $500 million senior note to MLIC. This note matures in June 2019 and bears interest at a fixed rate of 3.54%, payable semi-annually.
42
10K
DirectLineInsuranceGroupPLC-AR_2016
1,508
 developing various asset and derivative reports to submit to the PRA and European Insurance and Occupational Pensions Authority.
19
annual_report
BaloiseHoldingLtd-AR_2004
581
Meeting, the calendar contains the date of and the invitation to the Annual General Meeting, the closing of shareholder registration, and, if applicable, the exdividend date.
26
annual_report
AegonNV-AR_2015
3,279
December 31, 2015 (December 31, 2014: EUR 39 million). Belfius Bank SA was created as a result of the financial crisis, Belfius Bank has been 100% owned by the Belgium Government since it was split out of Dexia in October, 2011. The bank operates as a bankinsurer, providing public finance, project finance and other fin...
85
annual_report
4689
1,616
The Company's dynamic hedge programs to reduce equity and interest rate exposures were discontinued during the first quarter of 2013 due to the Berkshire reinsurance transaction. These hedge programs generated losses (included in Other Revenues) of $32 million in 2013, $105 million in 2012 and $14 million in 2011. Offs...
95
10K
RaiffeisenBankInternationalAG-AR_2006
459
Lending to corporate customers rose by 37 per cent, or  5.9 billion and reached a value of  21.7 billion at year’s end. The increase in lending to retail customers amounted to 52 per cent, reaching a total of  12.4 billion at year’s end.
46
annual_report
NatixisSA-AR_2006
3,030
As regards overall management of Natixis’ interest rate and liquidity risks in respect of IFRS, Natixis uses two types of hedge accounting.
22
annual_report
NatwestGroupPLC-AR_2015
3,926
The functional operating model for operational risk was embedded during 2015 and aims to ensure operational risk is managed in a consistent manner across RBS. This supplemented work by the customer businesses to increase understanding of the operational risk profile and the actions required to mitigate risks outside of...
50
annual_report
AvivaPLC-AR_2015
2,851
Liability for investment contracts 57,201 — 48,316 10 9,867 — — 1,851 — 117,245 Unallocated divisible surplus 1,879 — 6,104 71 1,202 — 211 — — 9,467 Net asset value attributable to unitholders 19 — 2,928 — 317 — — — 6,218 9,482 External borrowings 2,016 — — — 52 — — — 5,310 7,378 Other liabilities, including inter-segm...
88
annual_report
917
1,433
The investment objective of North American Property & Casualty is to maximize the economic value while generating after-tax income and sufficient liquidity to meet corporate and policyholder obligations. Investment strategies are developed based on a variety of factors, including business needs, regulatory requirements...
46
10K
StorebrandASA-AR_2020
3,056
Subordinated capital for subsidiaries regulated in accordance with CRD IV 3,006 2,970
12
annual_report
4709
1,710
Medicare and Medicaid EHR incentives. During the current year, we recognized $38.0 million of Medicare and Medicaid EHR incentives compared to $28.2 million during the prior year.
27
10K
3111
1,307
Selective’s Board may, after a person or group becomes and Acquiring Person, but before an Acquiring Person acquires 50% or more of Selective’s outstanding Common Stock, exchange all or part of the outstanding Rights, other than the Rights of an Acquiring Person, for Selective’s Common Stock, at an exchange ratio of on...
130
10K
4005
1,697
The Company values SSARs issued with a Black-Scholes valuation model and used the following assumptions for the years ended December 31, 2009, 2008 and 2007:
25
10K
SwissReAG-AR_2017
4,554
“We make the world more resilient” is Swiss Re’s vision. About ten years ago, our Asset Management unit embarked on a journey to not only invest the premiums we receive from our underwriting business to generate riskadjusted, stable long-term returns, but to also consider environmental, social and governance (ESG) aspe...
66
annual_report
4912
775
Reserves. The change in future policy benefit reserves has increased 11.6% and 11.3% in 2014 and 2013 due primarily to the current low interest rate environment necessitating higher reserves for policies issued in the last few years due to lower long term yield projections compared to prior assumptions. In addition, we...
122
10K
DirectLineInsuranceGroupPLC-AR_2020
88
We are one of the leading providers of rescue, travel and pet insurance in the UK. Green Flag is the third largest roadside recovery provider2. We are also the second largest travel and the fourth largest pet insurer3
38
annual_report
GjensidigeForsikringASA-AR_2020
875
The Board is elected by an independent Nomination Committee and has overall responsibility for ensuring that the Group is managed responsibly, including responsibility for finances, the environment, social conditions and compliance with laws and regulations. This entails ensuring that the work on risk management and in...
119
annual_report
ch_zurich_insurance_group-AR_2017
66
“We are in the midst of a revolution affecting every aspect of our business. We must adapt. We are fortunate to enter this period of change in a strong, competitive position.” Mario Greco Group Chief Executive Officer
37
annual_report
NatwestGroupPLC-AR_2016
537
Inability to recruit or retain suitable staff: There is a risk that RBS lacks sufficient capability or capacity at a senior level to deliver – or to adapt to – change. RBS monitors people risk closely and has plans in place to support retention of key roles, with wider programmes supporting engagement and training for ...
57
annual_report
4328
1,286
Accounting for derivatives prescribes that the contractual obligations for future annual index credits are treated as a "series of embedded derivatives" over the expected life of the applicable contracts. Policy liabilities for fixed index annuities are equal to the sum of the "host" (or guaranteed) component and the e...
335
10K
SwissReAG-AR_2014
2,025
̤ LPP plan duration: for Group EC members, the LPP plan duration is five years. Plan duration comprises a three-year vesting and performance measurement period and an additional two-year holding requirement.
31
annual_report
2122
421
On July 9, 2001, the Company and a key executive entered into a restricted stock agreement. Under the agreement, the Company granted the executive 25,000 shares of common stock, subject to certain rights and restrictions, in exchange for the surrender or cancellation of 443,857 shares of the executive's nonqualified st...
87
10K
SwissReAG-AR_2019
4,815
Senior financial debt 3 428 2 809 Senior operational debt 388 244 Subordinated financial debt 1 892 5 993 Subordinated operational debt 2 112 1 918 Contingent capital instruments classified as financial debt 682 494 Reclassified to liabilities held for sale –1 320
43
annual_report
SwissLifeHoldingAG-AR_2018
1,485
Disposals of subsidiaries – – – – – – – –10 –10
12
annual_report
SwissLifeHoldingAG-AR_2009
1,341
In this scenario, future market returns are determined as the forward rates implied in the reference rates at the valuation date. Discounting is done at the same reference rates. Consequently, the certainty equivalent value includes the intrinsic value of financial options and guarantees, but not the corresponding time...
49
annual_report
ch_zurich_insurance_group-AR_2015
2,141
See note 8 for further information on reserves for insurance contracts and note 12 for deferred policy acquisition costs. Also refer to the insurance risk section of the Risk review.
30
annual_report
4989
4,431
Reflects those assumptions that were most appropriate for the local economic environments of each of the subsidiaries providing such benefits.
20
10K
5692
1,617
A summary of the Company's non-vested restricted stock and restricted stock unit shares as of December 31, 2019, and changes during the year ended December 31, 2019, is presented below (shares in thousands):
33
10K
fr_axa-AR_2019
9,940
Being a responsible insurer has always been part of AXA’s DNA, because of the very nature of our insurance business which is based on the principle of a social safety net by pooling risks, but also because of its Corporate Responsibility strategy that positions it as a company striving for a stronger and safer society....
102
annual_report
5951
1,173
As of December 31, 2020 and 2019, the Company did not have any securities pledged in dollar rolls, repurchase agreement transactions or reverse repurchase agreements.
25
10K
5930
1,288
(5) Issued in March 2019, covering in-force policies primarily issued between 2005 to 2008 under United Guaranty Residential Insurance Company (“UGRIC”); as well as policies issued through 2015 under both UGRIC and Arch Mortgage Insurance Company.
36
10K
TrygAS-AR_2019
1,180
According to the Bonds as colla- Gross amount statement of teral for repos/ Collateral before offsetting Offsetting financial position reverse repos in cash Net amount
25
annual_report
AvivaPLC-AR_2011
1,506
Russell Walls (Chairman) 11 100% Mary Francis 11 100% Richard Karl Goeltz 11 100% Euleen Goh 11 100% Michael HawkerΩ 4 100%
22
annual_report
GjensidigeForsikringASA-AR_2010
1,399
table 26 – fixed-income portfolio per rating, gjensidige pensjonsforsikring Nok million 2010 2009 rating aaa 488.0 99.3 aa 158.0 73.0 a 866.0 590.8 BBB 20.0 121.0 BB 37.0 15.6 B 58.0 0.3 CCC or lower 10.0 0.1 not rated 780.0 732.0 total 2,417.0 1,632.0 the largest individual exposures per counterparty are included in t...
57
annual_report
TrygAS-AR_2006
1,187
Provisions for bonuses and premium rebates 374 313 total provisions for insurance contracts 25,957 26,757 22 Pensions and similar obligations 503 669 23 Deferred tax liability 959 939
28
annual_report
fr_axa-AR_2008
2,647
Employee shareholders SharePlan Since 1993, the AXA Group has promoted employee shareholding by offering each year to its employees an opportunity to become shareholders through a special equity issue reserved exclusively for them (“SharePlan”).
34
annual_report
4213
1,196
Non-compensation expense. Non-compensation expense decreased $4.1 million, or 38.7%, to $6.5 million in 2009 compared with $10.6 million in 2008. The non-compensation expense ratio was 3.8% for the year ended December 31, 2009, compared with 5.1% in 2008. The decline in non-compensation expense was largely a result of ...
54
10K
de_allianz-AR_2007
1,594
Foreign currency translation The individual financial statements of each of the Allianz Group’s subsidiaries are prepared in the prevailing currency in the environment where the subsidiary conducts its ordinary activities (its functional currency). Transactions recorded in currencies other than the functional currency ...
91
annual_report
2202
1,057
All of the Company’s fixed maturity securities and investments in common stock are classified as available-for-sale or trading and reported at fair value with corresponding changes in unrealized gains and losses thereon reported in comprehensive income and results of operations, respectively. Securities whose value is ...
111
10K
5513
4,034
Valuation adjustments may be made to ensure that financial instruments are recorded at fair value, as described below.
18
10K
3771
1,951
The classification between investment grade and non-investment grade is based on a ratings methodology that takes into account ratings from the three major providers, Standard and Poors, Moody’s Investor Services and Fitch Ratings in that order of preference. If a security is not rated by any of the three, the Company ...
55
10K
RaiffeisenBankInternationalAG-AR_2007
209
business trip – poslovno putovanje drugstore – apoteka cold – prehlada cough – kašalj cold – kijavica drops – kapi vitamines – vitamini nose – nos mouth – usta time – vrijeme to soothe – smiriti to aggrevate – razdražiti to help – pomoći
44
annual_report
3731
1,099
At December 31, 2008, AUIC had marketable securities approximating $0.1 million on deposit with the State of Arkansas.
18
10K
NatwestGroupPLC-AR_2017
4,961
As part of an internal review of the wider retail and commercial loan portfolios extending from the tracker mortgage examination programme, UBI DAC identified further legacy business issues. A programme is ongoing to identify and remediate impacted customers and a charge of €101 million (£89 million) has been recognise...
63
annual_report
2403
654
The number of claims opened during the three years ended December 31, 2004 were from the following sources:
18
10K
2982
1,314
The Company will continue to vigorously defend this matter, and regards plaintiffs’ claims for lost trading profits as being speculative and, in any case, subject to an obligation to mitigate damages. Further, in the Company’s view, these purported lost profits would not have been earned because of various actions take...
70
10K
4158
869
The following tables set forth the combined plans’ pre-tax adjustment to accumulated other comprehensive income/loss (“AOCI”) (dollars in thousands):
19
10K
BaloiseHoldingLtd-AR_2007
1,317
Werner Kummer, Chair Christoph J. C. Albrecht, Dr. iur., Deputy Chair Andreas Burckhardt, Dr. iur. Hansjörg Frei, Dr. iur.
19
annual_report
ASRNederlandNV-AR_2018
576
a.s.r. seeks active engagement with existing and potential shareholders, bondholders, research analysts and rating agencies in order to build enduring relationships based on a constructive dialogue. a.s.r.’s executive management team hosts one-on-one and group investor meetings during (international) roadshows or in-ho...
57
annual_report
980
180
The Company has an additional business segment herein referred to as Corporate and Other. The Corporate and Other segment primarily consists of net investment income and expenses not attributable to the Divisions above (including net investment income on capital).
39
10K
RaiffeisenBankInternationalAG-AR_2019
536
In accordance with § 39 (2) in conjunction with § 39b of the BWG including annexes, RBI AG’s Supervisory Board approved the General Principles of the Remuneration Policy and Practice in 2011. Remuneration of all employees including the Management Board and other Identified Staff, whose professional activities have a ma...
157
annual_report