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5389
10,319
Our pledged securities under repurchase agreements are included in fixed maturity AFS securities on our Consolidated Balance Sheets. We obtain collateral in an amount equal to 95% of the fair value of the securities, and our agreements with third parties contain contractual provisions to allow for additional collateral...
68
10K
fr_axa-AR_2012
6,291
Other liabilities arising from banking activities 179 1,500 859 2,538 18 1,113 - 1,131
14
annual_report
5918
667
Level 1 securities include highly liquid government securities and exchange traded bonds, valued using quoted market prices. Level 2 securities include most other fixed maturity securities as the significant inputs are observable in the marketplace. All classes of Level 2 fixed maturity securities are valued using a me...
196
10K
2188
1,397
The Risk Based Capital (“RBC”) ratio is the primary measure by which we evaluate the capital adequacy of Prudential Insurance, which encompasses businesses of both the Financial Services Businesses and the Closed Block Business. We manage Prudential Insurance’s RBC ratio to a level consistent with our ratings targets f...
125
10K
RSAInsuranceGroupPLC-AR_2018
976
RSA is a people-centred business which aims for a culture of high performance, where working together as a team is valued and the business invests in its people. As part of the Board’s two-day strategy meeting, we discussed the Group’s positioning around its purpose, vision and values, as well as the results of the cul...
84
annual_report
ch_zurich_insurance_group-AR_2015
1,296
GI Global Functions including Group Reinsurance (45) 8 nm nm Total 864 2,979 103.6% 96.8%
15
annual_report
SwissReAG-AR_2002
1,161
Diluted earnings/losses per share Income/loss available to common shares assuming debt conversion and exercise of options –165 –91 Weighted average common shares outstanding 2288 236 721 310 335 772 Net income/loss per share in CHF –0.57 –0.29
37
annual_report
HelvetiaHoldingAG-AR_2011
459
7.4 Supervision and control of audit a) External auditors The Audit Committee prepares the election of the auditors. It supervises and assesses their activities, predominantly through the external auditors’ reports on audit results, the reporting process, decisions, for example on IFRS issues, and statements in the loc...
56
annual_report
fr_axa-AR_2005
2,960
If the cost of acquisition is less than the net fair value of the assets, liabilities and contingent liabilities acquired, the difference is recognized directly in the income statement.
29
annual_report
gb_prudential-AR_2006
1,031
Prudential’s Japanese life insurance operation remains subscale, although 2006 saw new business double. A review of opportunities in Japan is underway.
21
annual_report
gb_prudential-AR_2010
305
“ Prudential currently insures over 11 million life customers in Asia and has 15 million in-force policies. Highlighting the value Prudential policies have for our customers, we paid out £2.6 billion in claims and maturities during 2010.”
37
annual_report
5811
520
5 bp = basis point; one hundred basis points = 1%.
11
10K
3648
2,131
Total fees associated with these committed facilities were $35 million, of which $13 million related to deferred amendment fees for the year ended December 31, 2008. Information on committed facilities at December 31, 2008 is as follows:
37
10K
4152
2,943
On December 14, 2010, in connection with the retirement of Mr. Byrne as a member of the Board of the Company and pursuant to the Purchase Agreement between Bermuda Holdings, Mr. Byrne and Haverford and Limestone, companies associated with Mr. Byrne, Bermuda Holdings purchased the Haverford Warrant at a total cost of $1...
111
10K
de_allianz-AR_2014
1,220
Cost-income ratio2 in % 59.2 55.9 1 Represents interest and similar income less interest expenses. 2 Represents operating expenses divided by operating revenues.
23
annual_report
2201
607
If termination occurs within two years following a Change of Control, the employees will receive two times their base salaries and Target Bonus for the year of termination in addition to full vesting of 401(k) employer contributions and stock options and continued health and welfare benefits for the earlier of three ye...
64
10K
5385
1,134
During 2016, the Company reduced its prior accident year loss reserves by $57.3 million, which consisted of a $43.8 million decrease related to Commercial Lines and a $13.5 million decrease related to Reinsurance Operations.
34
10K
fr_axa-AR_2008
7,398
Article 8 – Form of the Shares Fully paid-up Shares may be issued either in registered form or in bearer form as the Shareholder so chooses pursuant to applicable laws and regulations. However, the Preferred Shares shall be recorded in registered form as long as they are not listed.
49
annual_report
NatixisSA-AR_2009
3,951
Continuing involvement is evidenced by the existence of contractual conditions such as: a an option or obligation to repurchase the assets transferred; a collection of financial compensation linked to the performance of the asset transferred.
35
annual_report
TopdanmarkAS-AR_2016
1,218
Effect of change in form requirements Item "Technical interest rate" excluded 2 106 (108) Revaluation of insurance provisions moved to new item (195) 195 New item "Pension return tax" under techical result 0 (165) 165
35
annual_report
5670
438
Death benefits vary from year-to-year due to changes in claim counts and average claim size.
15
10K
2249
418
Total revenues increased $312.2 million, or 17.8%, in 2003 compared to 2002, and $165.2 million, or 10.4%, in 2002 compared to 2001. Revenues consist primarily of premiums, net investment income, and net capital gains and losses.
36
10K
4111
881
For long duration type contracts, such as annuities and universal life business, amortization of DAC is charged to expense over the life of the underlying contracts based on the present value of the estimated gross profits ("EGPs") expected to be realized. EGPs consist of margins based on expected mortality rates, pers...
162
10K
SwissReAG-AR_2012
2,134
Subsequent events Subsequent events for the current reporting period have been evaluated up to 14 March 2013. This is the date on which the financial statements are available to be issued.
31
annual_report
4352
818
There were no amounts due to Downes and Associates as of December 31, 2011 and 2010. The Company made an advance payment as of December 31, 2010 of $40 thousand, none as of December 31, 2011. Payments due to Downes and Associates are generally made in the month the services are provided.
52
10K
fr_axa-AR_2014
503
Risky assets witnessed a year of mixed performance. Growing optimism marked the fi rst half with a decent performance of just below +10%. However, the Ukrainian crisis unsettled markets, in particular after the summer recess as growth angst rose due to weaker than expected Eurozone macro data and the subsequent downwar...
96
annual_report
TrygAS-AR_2011
1,011
Members of Tryg’s Supervisory Board receive a fixed fee and are not part of any form of incentive or severance programme. The Board members’ remuneration (basic fee) is fixed on the basis of trends in a peer group, taking into account Board members’ required skills, efforts and the scope of the Board’s work, including ...
79
annual_report
3173
7,465
On September 23, 2004, The Blackstone Group and certain of its affiliates (collectively “Blackstone”) purchased approximately 66% of our equity interests (the “Merger”). Certain investment funds affiliated with Morgan Stanley Capital Partners (collectively “MSCP”) and certain of our senior members of management and oth...
328
10K
NatixisSA-AR_2006
5,365
increase in alpha limits in delta and outstandings, following the expansion of the business; increase in the hybrid fi xed-income, exotic and equity fi nance delta limits . Note that the limits applicable to Natexis Arbitrage’s activities were restored to Natixis’ portfolios as of January 1, 2006; increase in the marke...
115
annual_report
RSAInsuranceGroupPLC-AR_2015
968
The Committee has unrestricted access to management, information and external advisers as required in order to fulfil its duties, and is satisfied that it has received sufficient, reliable and timely information during 2015 in order to discharge those duties.
39
annual_report
StandardLifeAberdeenPLC-AR_2016
1,459
The overall conclusion of the review was that the Committee operated effectively in 2016. In particular, comments highlighted the benefits of the Business Risk Review reports in highlighting and assessing risks and the role of the risk assessments in supporting consideration of proposed corporate transactions.
45
annual_report
SwissReAG-AR_2015
3,181
as of 31 December 2015 and 2014, swiss Re ltd held directly the following investments in subsidiaries and affiliated companies: further disclosures in respect of investments in significant indirect subsidiaries and affiliated companies are detailed in note 19 “significant subsidiaries and equity investees” on pages 237...
66
annual_report
INGGroepNV-AR_2019
2,647
In December 2017, the Basel III revisions were formally announced by the Basel Committee on
15
annual_report
BeazleyPLC-AR_2015
978
e) Recoverability of reinsurance assets The committee received confirmation from management that the majority of Beazley’s reinsurance receivables are due from highly rated institutions. Based on previous experience, the committee has not noted any instances where poor quality reinsurers have led to a material financia...
102
annual_report
PhoenixGroupHoldingsPLC-AR_2019
3,441
Liability management exercise In June 2018, the Group commenced a pension increase exchange (‘PlE’) exercise in respect of the Pearl Scheme. Existing in-scope pensioners were offered the option to exchange future non-statutory pension increases for a one-off uplift to their current pension, thereby reducing longevity a...
85
annual_report
RSAInsuranceGroupPLC-AR_2020
801
· Received regular updates on culture and the results of the various mechanisms to monitor and assess culture, including a regional employee survey on the effect of Covid-19 on working conditions. Further information can be found on pages 38 and 39.
41
annual_report
2375
1,740
We conduct our Massachusetts operations from approximately 436,000 square feet of space in several buildings that we own in Webster, Massachusetts, which is located approximately 50 miles southwest of Boston. Our data processing and operational departments are housed in modern office buildings. Commerce West currently ...
92
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2017
995
Owing to methodological differences, we expect the economic earnings for 2018 to be slightly higher than the envisaged IFRS result of €2.1–2.5bn. Our projection is based on the assumption of stable capital markets, normal major-loss incidence and unchanged modelling parameters. Deviations from these assumptions may hav...
70
annual_report
1489
924
Investment in HealthAxis.com, Inc. The Company accounts for its investment in HealthAxis.com utilizing the equity method and, accordingly, recognizes its ratable share of HealthAxis.com's income and loss (computed prior to amortization of goodwill recorded by HealthAxis.com in connection with the Insurdata Merger). The...
107
10K
AdmiralGroupPLC-AR_2019
1,589
A sustained and uncorrected erosion of competitive advantage could affect the ability of Admiral to maintain its reinsurance arrangements, which might in turn require Admiral to hold more capital.
29
annual_report
4953
641
Change in estimated acquisition earnout payables - The change in the expense in 2014 compared to 2013 and 2013 compared to 2012 was due primarily to adjustments made to the estimated fair value of earnout obligations related to revised projections of future performance. During 2014, 2013 and 2012, we recognized $14.5 m...
128
10K
GjensidigeForsikringASA-AR_2010
1,339
in one of the danish operations, gjensidiges arbejdsskadeforsikring, the long-tail Workers’ Compensation line of business is hedged against changes in the real interest rate through swap agreements. the realinterest -rate risk relates to outstanding premium- and claims provisions of approximately noK 3,500 million (dis...
168
annual_report
ch_zurich_insurance_group-AR_2008
84
#1 insurer of choice for Hispanics in the U.S. Source: internal survey, Farmers Exchanges
14
annual_report
1659
646
The components of net investment income for the years ended December 31, 2001, 2000 and 1999 follows (in thousands):
19
10K
de_allianz-AR_2017
2,911
Tax losses carried forward are scheduled according to their expiry periods as follows: Tax losses carried forward € mn
19
annual_report
NNGroupNV-AR_2016
97
5 End of period 6 AuM include the mortgage portfolio managed on behalf of NN Life and NN Non-life since 2Q14.
21
annual_report
SwissReAG-AR_2016
2,353
Rajna Gibson Brandon, Member 316 195 130 325 C. Robert Henrikson, Chairman of the Compensation Committee 462 284 190 474 Hans Ulrich Maerki, former Member3 343 63 42 105
29
annual_report
4310
2,481
past due interest is charged-off against net investment income. Generally, the accrual of interest income resumes after all delinquent amounts are paid and management believes all future principal and interest payments will be collected. Cash receipts on non-accruing loans are recorded in accordance with the loan agree...
171
10K
gb_prudential-AR_2006
5,248
(vi) In February 2006, £1.3 million of the original bond issue of £250 million was redeemed.
16
annual_report
AvivaPLC-AR_2009
1,190
Bringing CR into the Boardroom Aviva Investors has taken a leading position in encouraging global companies to enhance their governance and transparency in CR reporting. In 2008, Alain Dromer, Chief Executive of Aviva Investors, called on all stock market listing authorities to make it a requirement that companies: — c...
72
annual_report
4208
5,754
Loss reserve uncertainty is illustrated by the variability in loss reserve development presented in the schedule which appears under Item 1 of this Annual Report. That schedule shows the cumulative loss reserve development for each of the past ten years through December 31, 2010 for the general insurance business which...
117
10K
1732
317
One of the Company's primary objectives is to ensure that its fixed maturity portfolio is maintained at a high average quality so as to limit credit risk. If not externally rated, the securities are rated by the Company on a basis intended to be similar to that of the rating agencies.
51
10K
2293
708
therefrom are reflected in operating income currently. It is management’s belief that the General Insurance net loss reserves are adequate to cover all General Insurance net losses and loss expenses as at December 31, 2003. While AIG annually reviews the adequacy of established loss reserves, there can be no assurance ...
100
10K
INGGroepNV-AR_2002
1,231
Country Risk Country risk is the risk that ING faces attributable to events in a specific country or group of countries. Country risk is identified in lending
27
annual_report
1657
2,778
Thus, for so long as the Foundation beneficially owns a significant number of
13
10K
5235
557
In making these determinations, management makes subjective and complex judgments that frequently require estimates about matters that are inherently uncertain. Many of these policies, estimates and related judgments are common in the insurance industry. It is reasonably likely that changes in these estimates could occ...
60
10K
ScorSE-AR_2014
2,298
The following table reconciles consolidated net income to net cash flow provided by (used in) operations as presented on the statement of cash flows: For the year ended 31 December In EUR million 2014 2013 2012 Consolidated Group net income 512 549 418 Realized gains and losses on investment disposals (181) 25 (54) Cha...
156
annual_report
3741
769
During 2008, we recorded net loss and LAE of $28 million which is comprised of $3.3 million net incurred for Tropical Storm Fay of which $2.2 million was paid as of year-end, $21.5 million of incurred non-catastrophe losses and $3.2 million of incurred non-catastrophe LAE. We also incurred $1 million of in-house claims...
67
10K
5486
1,316
The loss reserve development tables presented herein illustrate the change over time of reserves established for claim and allocated claim adjustment expenses arising from short duration insurance contracts for certain lines of business within CNA’s Property and Casualty Operations. Not all lines of business are presen...
235
10K
AdmiralGroupPLC-AR_2019
2,390
Payments to Past Directors (audited) No payments were made to a past Director during the year.
16
annual_report
5741
1,317
The weighted-average grant-date fair value of the Company's restricted stock units granted during the years ended December 31, 2018 and 2017 was $83.05 and $73.23, respectively. The weighted average grant date fair value of the Company's performance stock units granted during the years ended December 31, 2018 and 2017 ...
89
10K
TrygAS-AR_2010
1,355
The Tryg Group establishes claims provisions covering both known case reserves and estimated claims that have been incurred by its policyholders but not yet reported to the company (known as “IBNR” reserves) and future developments on claims which are known to the Tryg Group but have not been finally settled. The Group...
93
annual_report
gb_prudential-AR_2012
4,890
Notes on the EEV basis results continued 3 Operating profi t from business in force continued
16
annual_report
5642
1,090
The table below presents the rollforward of our debt issuance costs paid, in conjunction with the debt instruments described above, during the years ended December 31, 2018 and 2017:
29
10K
de_allianz-AR_2008
1,444
1) Includes effect of exchange rate changes on cash and cash equivalents of � 102 mn, � (115) mn and � (78) mn in 2008, 2007 and 2006, respectively.
29
annual_report
HelvetiaHoldingAG-AR_2008
232
c) Employee options: The employee share option programme was concluded as of the end of 2002, and expired at the end of October 2005.
24
annual_report
4702
1,028
Average liabilities for insurance products, net of reinsurance ceded were $2.6 billion in 2013, up .3 percent from 2012, and $2.6 billion in 2012, down .7 percent from 2011.
29
10K
Sampoplc-AR_2003
364
As a result of the subscriptions, the number of Sampo shares can increase by a maximum of 26,000,000 new shares and the share capital by a maximum of EUR 4,372,886.09, which equalled approximately 4.7 per cent of the share capital as of the end of 2003.
46
annual_report
GjensidigeForsikringASA-AR_2016
1,021
Financial risk Financial risk concerns exposure relating to financial investments in the insurance operations. The counter entry in the balance sheet consists of actuarial liabilities, other liabilities and equity. The investments mainly consisted of fixed-income investments, property and equity investments. The value ...
53
annual_report
NatixisSA-AR_2006
2,817
Natixis’ risk management system will continue to evolve and adapt in 2007 in terms of its organizational structure, tools and risk measurement, in accordance with the commitments made in the document fi led with the AMF (Document E, Appendix B).
40
annual_report
5276
1,730
The Company is authorized to issue restricted stock awards and units, stock options and other equity-based awards to its employees and directors. Our plan includes both equity and cash-settled awards comprising of service and performance based awards. The fair value of equity service-based awards is measured at the gra...
183
10K
5913
927
In Japan, initial emergency orders declared by the Japan government were lifted; however, emergency orders have been reinstated in certain prefectures that include Tokyo and surrounding areas experiencing elevated rates of infection.
32
10K
660
555
Certain amounts in the financial statements for prior periods have been reclassified to conform with the 1997 presentation.
18
10K
1096
173
Income from operations decreased from $118.2 million in 1996 to $102.5 million in 1997, mainly as a result of the following factors:
22
10K
SwissReAG-AR_2012
898
Admin Re® believes it will produce substantial cumulative GCG over a five-year period, with management actions targeted to deliver additional cash during this time. Admin Re® actively manages the in-force book to optimise capital utilisation and returns, pursuing opportunities to increase capital efficiency including t...
64
annual_report
5609
13,514
Represents Liberty group life and disability reserves, net, as of May 1, 2018, subject to finalization of acquisition date fair values. See Note 3 for additional information.
27
10K
AvivaPLC-AR_2009
334
Market position In the UK we have a market share of 10% based on annual premium equivalent (APE) according to the Association of British Insurers (ABI) 2009 data. APE is a recognised sales measure in the UK and is the total of new annual premiums plus 10% of single premiums. Long-term insurance and savings products in ...
71
annual_report
TrygAS-AR_2005
889
Derivatives are also classified as financial assets available for sale unless they are designated as hedges.
16
annual_report
4308
868
Effective July 1, 2010, NIIC and the Company completed the acquisition of Vanliner from UniGroup, Inc. (“UniGroup”). Pursuant to the Purchase Agreement (the “Agreement”), NIIC acquired all of the issued and outstanding capital stock of Vanliner and the Company acquired certain named information technology assets. Throu...
146
10K
924
118
Gross premiums written for commercial lines increased by $41.3 million, or 92.7%, to $85.9 million for the year ended December 31, 1997, from $44.6 million for the year ended December 31, 1996. The increase in gross premiums written for commercial lines is primarily attributable to the acquisition of Shelby.
49
10K
AegonNV-AR_2018
4,623
and the sale of Unirobe Meeùs Groep (UMG) (refer to note 51 Business combinations).
14
annual_report
AvivaPLC-AR_2020
83
In 2020 we built on our existing commitment as a Living Wage employer by becoming one of the first accredited Living Hours employers in the UK, offering predictable shifts and guaranteed minimum hours to give people greater certainty and financial security.
41
annual_report
NatwestGroupPLC-AR_2016
2,031
Shares owned at 31 December 2016 (or date of cessation if earlier)
12
annual_report
1925
364
- - The Company expects to incur realized capital losses while the corporate credit environment remains under pressure.
18
10K
4199
1,183
While we believe that our loss reserves at December 31, 2010 are adequate, new information, events or circumstances may result in ultimate losses that are materially greater or less than provided for in our loss reserves. As previously noted, there are many factors that may cause our reserves to increase or decrease, p...
63
10K
5456
4,732
This amendment requires an entity to recognize current and deferred income taxes for an intra-entity asset transfer, other than inventory, when the transfer occurs, thereby eliminating the current GAAP exception that prohibits the recognition of income taxes until the asset has been sold to an outside party. Early adop...
68
10K
NatixisSA-AR_2009
7,149
The Company records provisions to cover employee benefi ts (Note 1.6 to the parent company financial statements). We examined the methodology used to measure these benefi t obligations, as well as the main assumptions and inputs applied.
37
annual_report
5668
1,959
We determine deferred tax assets and/or liabilities by multiplying the differences between the financial reporting and tax reporting bases for assets and liabilities by the enacted tax rates expected to be in effect when such differences are recovered or settled if there is no change in law. The effect on deferred taxe...
62
10K
SwissReAG-AR_2020
5,700
low-carbon future • Prolonged large-scale power blackout swissre.com: Top emerging risks and trends Links to four articles on top emerging risks and trends identified in the SONAR 2020 report: • Special feature: Moving to a lowcarbon future
37
annual_report
ch_zurich_insurance_group-AR_2014
2,809
c) Farmers management fees and other related revenues Farmers Group, Inc. and its subsidiaries (FGI) through its attorney-in-fact (AIF) relationship with the Farmers Exchanges, which are managed but not owned by Farmers Group, Inc., a wholly owned subsidiary of the Group, is permitted by policyholders to receive a mana...
72
annual_report
70
528
The Company had an average balance of $522.7 million and $479.2 million in impaired loans for 1994 and 1993, respectively. Cash payments received on impaired loans are generally applied to reduce the outstanding loan balance. At December 31, 1994 and 1993, loans on nonaccrual status amounted to $733.1 million and $1,12...
91
10K
AvivaPLC-AR_2005
2,053
Notes to the consolidated financial statements continued 37 – Liability for investment contracts (a) Carrying amount The liability for investment contracts at 31 December comprised: £m £m
27
annual_report
2622
1,126
Fee income and other includes fees received for insurance and product structuring services provided and is earned over the service period of the contract. Any adjustments to fees earned or the service period are reflected in income in the period when determined.
42
10K
4521
996
Interest credited decreased $7.0 driven by favorable mortality experience and decreased crediting rates on slightly lower reserves, offset by decreased funding services activity due to a decline in case volume. Mortality experience is volatile and can fluctuate significantly from quarter to quarter.
42
10K
5733
1,581
For some matters, the Company is able to estimate a possible range of loss. For such matters in which a loss is probable, an accrual has been made. For matters where the Company, however, believes a loss is reasonably possible, but not probable, no accrual is required. For matters for which an accrual has been made, bu...
128
10K
1868
1,030
Our commercial loan portfolio consists of primarily non-recourse, fixed rate mortgages on fully or near fully leased properties. The mortgage portfolio is comprised of general-purpose industrial properties, manufacturing office properties and credit oriented retail properties.
35
10K
AssicurazioniGeneraliSpA-AR_2015
4,801
Generali has adopted a “bottom-up” market consistent stochastic approach, which is compliant with the Market Consistent Embedded Value (MCEV) Principles published by the European Insurance CFO Forum in October 2009, with the exception of Principles 14 (reference rate) and from 17.3.37 to 17.3.45 (disclosure of Group MC...
71
annual_report
2335
1,363
Stock-Based Incentive Compensation Plans. LNC has various incentive plans for employees, agents and directors of LNC and its subsidiaries that provide for the issuance of stock options, stock incentive awards, stock appreciation rights, and restricted stock awards. Prior to 2003, these plans were comprised primarily of...
50
10K
5920
642
(2) This includes amounts relating to both fixed income securities and other investments. We have historically accounted for our fixed income securities as a trading portfolio, whereby unrealized amounts are reflected in earnings. However, from October 1, 2019, we have elected to use AFS accounting and, as trading fixe...
80
10K
3162
411
Under the Director Option Plan (the Director Plan), which is shareholder approved, the Company has reserved 300,000 shares of Class B common stock for the granting of discounted and market value options to non-employee directors. Approximately 167,000 shares of Class B common stock are available for future grants. No o...
181
10K