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fr_axa-AR_2005
2,087
(1) Part of these expenses is located in the With-Profit funds and therefore are borne by policyholders. (2) Mismatch where undiscounted deferred tax provided on unit linked assets but the unit liability reflects the expected timing of the payment of future tax.
42
annual_report
NatixisSA-AR_2012
1,803
Per the French Monetary and Financial Code, Natixis places the names of director s on the list of permanent insiders made available to the AMF. Permanent insiders are those individuals who have regular access to inside information regarding Natixis. Directors are individually informed that they are on this list by a le...
61
annual_report
5245
1,392
Our Corporate & Other segment reported a loss of $37.3 million for the year ended December 31, 2016 compared to a loss of $40.3 million in 2015. This improvement was primarily due to lower legal and general corporate expenses partially offset by increased debt service costs as a result of our issuance of $115 million o...
61
10K
5868
3,438
The $4 million pretax loss recognition charge in 2020 was due primarily to the unfavorable impact related to lower expected future investment income resulting from a decrease in the long-term interest rate assumptions.
33
10K
PowszechnyZakladUbezpieczenSA-AR_2015
1,795
received a draft of the tax on financial institutions. The market reacted negatively, which consequently led to a share price drop amounting to several percent (evidenced by high trading volume.)
30
annual_report
4014
2,266
The Company is provided with a pricing chart, which for each asset class provides the pricing source, pricing methodology and recommended fair value level in accordance with the fair value framework. The Company reviews the pricing source of each security each reporting period to determine the method of pricing and app...
112
10K
AegonNV-AR_2005
8
AT A GLANCE 4 Financial highlights 6 Geographical information 8 AEGON and the financial community
15
annual_report
Sampoplc-AR_2018
1,391
Income taxes Item Tax expenses in the income statement comprise current and deferred tax. Tax expenses are recognised through profit or loss, except for items recognised directly in equity or other comprehensive income, in which case the tax effect will also be recognised those items. Current tax is calculated based on...
68
annual_report
fr_axa-AR_2015
95
(d) An annual dividend is generally paid each year in respect of the prior year after the Annual General Shareholders’ Meeting (customarily held in April or May) and before September of that year. Dividends are presented in this table in the year to which they relate and not in the year in which they are declared and p...
97
annual_report
2328
603
Investment Income. Investment income for the year ended December 31, 2003 decreased to $26,086 from $26,142 for the comparable 2002 period. Average cash and investment securities (at amortized cost) increased by $79,008 or 14.1% to $638,931 for the year ended December 31, 2003 from $559,923 for the comparable 2002 peri...
94
10K
fr_axa-AR_2010
7,320
The amount of assets for which fair value is determined in whole directly by reference to an active market is disclosed in
22
annual_report
194
326
The Company's interest expense increased by approximately $7.2 million between the 1994 and 1995 periods. The 1995 expense includes $4.2 million relating to interest due or paid to the federal government on tax deficiencies from prior years and $0.5 million recorded as a one-time expense in purchase accounting upon the...
175
10K
463
327
In 1991, the Company issued five-year stock purchase warrants for 25,000 shares to an outside director. These warrants were for $10.80 per share, expired April 11, 1996; none had been exercised. In 1990, the Company declared a dividend of one right for each share of common stock outstanding as of November 12, 1990. The...
197
10K
gb_prudential-AR_2013
753
Cash remitted to the Group in 2013 increased by 12 per cent to £1,341 million (2012: £1,200 million), with well-balanced contributions from across the Group. Asia’s remittances increased 17 per cent to £400 million (2012: £341 million), demonstrating the highly cash-generative nature of recent volume growth, driven by ...
144
annual_report
de_allianz-AR_2014
403
authorization of the board of management to issue and repurChase shares The Board of Management is authorized to issue shares as well as to acquire and use treasury shares as follows: It may increase the company’s share capital, on or before 6 May 2019, with the approval of the Supervisory Board, by issuing new registe...
194
annual_report
BeazleyPLC-AR_2020
2,116
Current tax expense Current tax expense 12.9 38.8 Prior year adjustments (6.5) (4.0)
13
annual_report
1955
712
The AICPA issued Statement of Position No. 01-06 ("SOP 01-06") "Accounting by Certain Entities (Including Entities with Trade Receivables) That Lend to or Finance the Activities of Others" in December 2001. The guidance in SOP 01-06 relating to financing and lending activities is explicitly applicable to insurance comp...
115
10K
2639
885
The fair value of each offering of the Purchase Plans is estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions used for grants in 2004, 2003 and 2002, respectively: dividend yield of 0% for all years; expected volatility of 41%, 64% and 56%; risk-fre...
69
10K
DirectLineInsuranceGroupPLC-AR_2013
2,290
If the market for a financial asset is not active, the Group establishes the fair value by using a valuation technique. Valuation techniques include using recent arm’s length market transactions between knowledgeable and willing parties
35
annual_report
fr_axa-AR_2011
1,422
Net technical margin fell by €21 million (-22%) to €77 million due to a decrease in hedging margin on GMxB products (€33 million) partly compensated by improved claims experience in Health.
31
annual_report
1590
597
Under New York law, our New York insurance subsidiary must give the New York Insurance Department 30 days' advance notice of any proposed dividend and cannot pay any dividend if the regulator disapproves the payment during that 30-day period. In addition, our New York insurance company must obtain the prior approval of...
194
10K
fr_axa-AR_2009
5,358
NOTE 28 Contingent assets and liabilities and unrecognized contractual commitments 396
11
annual_report
RSAInsuranceGroupPLC-AR_2008
702
In addition, the executive directors participate in a number of benefits available to other senior managers including life assurance at the rate of four times base salary together with a spouse/dependant annuity, sickness and ill health early retirement benefits and private medical insurance. They also have a choice be...
77
annual_report
HannoverRueckSE-AR_2010
3,210
EUR 5.3 million (EUR 5.4 million) in the year under review.
11
annual_report
4746
964
Quarterly operating results for 2013 and 2012 were as follows (in millions, except per share data):
16
10K
3298
2,854
The following discussion also includes non-GAAP financial measures, loss and loss adjustment expenses ratio prior to reserve reallocation and total combined ratio prior to reserve reallocation, that has been reconciled to the most comparable GAAP financial measures (see pages 50 and 61). Fund American believes this mea...
63
10K
fr_axa-AR_2010
189
Mexican insurer with leading positions in key markets such as Motor or Health and also active on the Life market (July), and (iii) acquired OYAK’s 50% share in AXA OYAK, Turkey’s 1st largest P&C insurer (August).
36
annual_report
5264
843
MI protects mortgage lenders from all or a portion of default-related losses on residential mortgage loans made to home buyers who generally make down payments of less than 20% of a home's purchase price. By protecting lenders and investors from credit losses, we help facilitate the availability of mortgages to prospec...
158
10K
HiscoxLtd-AR_2012
382
Disaster recovery planning: A formal disaster recovery plan is in place to deal with workspace recovery and the retrieval of communications, IT systems and data should a major problem occur. These procedures would enable us to move the affected operations to alternative facilities quickly. The plan is tested regularly ...
53
annual_report
AegonNV-AR_2015
4,497
Aegon included in plan assets was nil in both 2015 and 2014.
12
annual_report
5766
1,316
Freestanding derivatives with positive estimated fair values comprise over 90% of other invested assets. See Note 8 for information about freestanding derivatives with positive estimated fair values. Other invested assets also includes tax credit and renewable energy partnerships, leveraged leases and FHLB stock.
43
10K
2808
1,405
At December 31, 2005, the Company has outstanding commitments totaling $562, of which $265 is committed to fund limited partnership investments. These capital commitments can be called by the partnership during the commitment period (on average 2 to 5 years) to fund working capital needs or purchase new investments. On...
104
10K
AvivaPLC-AR_2010
2,161
(Z) Provisions and contingent liabilities Provisions are recognised when the Group has a present legal or constructive obligation as a result of past events, it is more probable than not that an outflow of resources embodying economic benefits will be required to settle the obligation, and a reliable estimate of the am...
166
annual_report
TrygAS-AR_2008
578
Gross premiums were also favourably affected by the premium increases implemented since mid-2007 on motor and building policies in particular. Private & Commercial Norway has scheduled additional premium increases in 2009, which will contribute to further growth going forward. The retention rate improved further in 200...
88
annual_report
StorebrandASA-AR_2011
786
Directors (the Board) has decided that the company will comply with the Norwegian
13
annual_report
4107
2,813
We have a $1.0 billion five-year revolving credit facility that matures in May 2012 and a $1.0 billion five-year revolving credit facility that matures in August 2012. These facilities bear variable interest rates based on one-month London Interbank Offered Rate (“LIBOR”) plus a margin. Lehman Commercial Paper Inc. (“L...
143
10K
4281
1,034
On November 2, 2010, Tower acquired the renewal rights to the commercial automobile liability and physical damage business of AequiCap Program Administrators Inc. (“AequiCap II”), an underwriting agency based in Fort Lauderdale, Florida. The business subject to the agreement covers both trucking and taxi risks that are...
88
10K
4888
695
increases were largely offset by less favorable universal life mortality, unfavorable prospective unlocking compared to 2013, and higher operating expenses.
20
10K
NatixisSA-AR_2002
162
Natexis Banques Populaires’ more centralized approach towards information systems projects will enable the Bank to leverage IT expertise and develop tools that can be shared across business lines. This in turn will enhance software applications while generating economies of scale.The
40
annual_report
1961
500
Collections of fixed annuity premium almost doubled in 2002 at $65 million, compared with $33 million in 2001. Fixed annuity premium collections declined 20% in 2001 from $42 million in 2000. The fixed annuity deposit balance rose 3% to $628 million at year-end 2002 from $610 million at year-end 2001. This increase rev...
119
10K
2913
154
At December 31, 2005, MLOA has a Federal tax loss carryforwards in the amount of $15.1 million for book income tax purposes. The loss carryforwards will expire beginning in the year 2020.
32
10K
AssicurazioniGeneraliSpA-AR_2017
2,147
Grand total 93,674 19.4 Other technical income net of reinsurance – Item II.4
13
annual_report
fr_axa-AR_2000
1,059
Compared with the nine-month period ended September 30, 1999, DLJ’s revenues increased by 39.3%.
14
annual_report
AvivaPLC-AR_2017
2,810
(C) Critical accounting policies and the use of estimates Critical accounting policies
12
annual_report
3278
1,480
Validus Re. Validus Re net premiums written for the three months ended December 31, 2007 were $43.7 million compared to $65.9 million for the three months ended December 31, 2006, a decrease of $22.2 million or 33.7%. Details of net premiums written by line of business are provided below:
49
10K
4690
714
The amortized cost and aggregate fair values of investments in available-for-sale securities as of December 31, 2013 are as follows:
20
10K
PosteItalianeSpA-AR_2019
3,480
Trade payables and Other liabilities (3,048) (398) (2,078) (984) 1,246 (5,262)
11
annual_report
3366
1,002
Certain of PMI Europe’s credit default swap contracts and excess-of-loss reinsurance agreements contain collateral review provisions which, upon certain circumstances, require PMI Europe to pledge collateral for the
28
10K
INGGroepNV-AR_2007
554
Breakdown of underlying profi t before tax in EUR million 2007
11
annual_report
5282
1,028
Net Realized Capital Gains (Losses). Net realized capital losses were $7.2 million and $184.1 million in 2016 and 2015, respectively, and net realized capital gains were $84.0 million in 2014. The net realized capital losses of $7.2 million in 2016 were comprised of $31.6 million of other-than-temporary impairments, re...
183
10K
4175
1,865
The 2010 earthquakes added 36.8 percentage points to the catastrophe unit’s combined ratio for 2010 as detailed in the table below:
21
10K
5493
2,461
The following tables present total fixed maturity securities, based on estimated fair value, by sector classification and by NRSRO rating and the applicable NAIC designations from the NAIC published comparison of NRSRO ratings to NAIC designations, except for certain Structured Securities, which are presented using the...
52
10K
NNGroupNV-AR_2019
95
NN performed strongly in 2019. CEO David Knibbe talks about the main achievements of the Group, and our progress on transformation.
21
annual_report
5265
1,944
Ongoing review of the portfolio is performed, and loans are placed on watch list status based on a predefined set of criteria, where they are assigned to one of the following categories. We classify loans as closely monitored when we determine there is a collateral deficiency or other credit events that may lead to a p...
152
10K
3279
930
National Accounts membership increased 504,000, or 9%, primarily due to success in attracting new customers as they recognize the value of the BCBS networks and discounts.
26
10K
5282
1,050
Shareholders' equity increased by $157.5 million to $7,608.6 million at December 31, 2015 from $7,451.1 million at December 31, 2014, principally as a result of $977.9 million of net income, share-based compensation transactions of $34.8 million and $11.9 million of net benefit plan obligation adjustments, partially of...
81
10K
RaiffeisenBankInternationalAG-AR_2012
1,912
In the Annual General Meeting held on 10 June 2008, the Management Board was given the authorization pursuant to Section 174 (2) of the Austrian Joint Stock Companies Act (AktG) to issue – with the approval of the Supervisory Board – convertible bonds, also in several tranches, within 5 years as of the date of the reso...
110
annual_report
HelvetiaHoldingAG-AR_2016
2,278
Active Reinsurance 341.1 341.1 as of 31.12.2015 Switzerland1 Europe Specialty Markets Total in CHF million Germany Italy Spain Austria
19
annual_report
ch_zurich_insurance_group-AR_2008
1,910
Gross carrying value as of January 1, 2007 672 2,329 2,041 1,025 6,068 Less: accumulated
15
annual_report
4704
1,164
1. Included in net realized gains (losses) are other-than-temporary impairments of $4,387, $1,843, $7,836, $11,167, and $38,660 for 2013, 2012, 2011, 2010, and 2009, respectively.
25
10K
5170
1,554
Our effective tax rate is driven by the geographical distribution of our pre-tax net earnings between our taxable and non-taxable jurisdictions. Under current Bermuda law, we are exempted from paying any taxes in Bermuda on income or capital gains until March 2035. The local expected rates for foreign taxes, in the tab...
76
10K
5341
957
Leverage our recent investments to identify opportunities, drive increased productivity, improve efficiencies and profitability, and increase the speed-to-market for new products
21
10K
4338
1,714
Net losses and loss expenses increased by $103.8 million, or 17.2%, for the year ended December 31, 2010 compared to the year ended December 31, 2009. The increase in net losses and loss expenses was due to a number of individual losses totaling $164.6 million in the current year, with no comparable events having occur...
111
10K
nl_ing_grp-AR_2018
5,677
Council PPS (‘FEC-RAAD Public Private Cooperation’) in which Dutch authorities and financial institutions cooperate on supervision, control, prosecution or investigation with financial sector parties to strengthen the integrity of the sector. This is done by means of preventative action to identify and combat threats t...
73
annual_report
gb_prudential-AR_2014
314
Prudential’s strategy ‘to accelerate’ in Asia is well established and prioritises long-term, profitable growth driven by: —— Focus—on—the—long-term—protection—and— savings—needs—of—Asia’s—rapidly—growing— middle—classes;—
20
annual_report
AvivaPLC-AR_2020
2,674
Total other comprehensive income, net of tax from continuing operations (17) (906)
12
annual_report
4708
863
Due to the frozen status of the U.S. plans and the closed status of the U.K. plans, the accumulated benefit obligations and the projected benefit obligations are not materially different.
30
10K
NatixisSA-AR_2016
1,646
Risk management and ratification of its Internal Rules Establishment of a US Risk Committee in accordance with the US regulation, the Dodd-Franck Act, a
24
annual_report
4755
1,003
an increase of $68 million in other operating expenses, primarily driven by the restructuring charges described below; partially offset by
20
10K
PosteItalianeSpA-AR_2019
4,289
Work in progress, semi-finished and finished goods and goods for resale 8 1 9
14
annual_report
fr_axa-AR_2016
1,959
■ T he Gulf Region down €31 million (-4%) mainly due to the loss of large accounts in Commercial Health.
20
annual_report
3781
1,281
realized investment gains and losses. Upon adoption, we recorded a cumulative adjustment of $16.5 million to reclassify unrealized investment gains, net of tax, including foreign currency effects, to retained earnings as of January 1, 2007.
35
10K
946
318
We have audited the accompanying consolidated balance sheets of Security National Financial Corporation and subsidiaries as of December 31, 1998, and 1997, and the related consolidated statements of earnings, stockholders' equity, and cash flow for each of the three years in the period ended December 31, 1998. Our audi...
91
10K
PowszechnyZakladUbezpieczenSA-AR_2014
2,329
Act on statutory auditors and their self-governing body, auditing firms and on public oversight. Furthermore, at least one member of the Supervisory Board should meet the independence criteria specified in the Articles of Association (Independent Member) concerning e.g.
38
annual_report
3568
1,696
The year ended December 31, 2007 included an out of period charge of $380 million to reverse net gains recognized on transfers of available for sale securities among legal entities
30
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2020
1,048
A key component of the ICS lies in ensuring the reliability of annual financial statements at both consolidated and solo-undertaking level, and the identification, management and control of risks arising out of the accounting process. The Group has established an accounting manual and a system providing information on ...
109
annual_report
4077
330
Whether the Company intends to sell a debt security and whether it is not more likely than not that the Company will be required to sell a debt security before recovery of the amortized cost basis; and
37
10K
HannoverRueckSE-AR_2006
2,065
The decline in future rental income from non-cancellable contracts in the years 2007 to 2009 will result from disposals of rented property in 2006 by Hannover Real Estate Holding. For further explanation please see Section 5.2 "Disposals and discontinued operations."
40
annual_report
fr_axa-AR_2016
10,071
Other financial assets amounted to €134 million versus €1,118 million in 2015, a €984 million decrease, of which €970 million was attributable to margin calls paid during the prior fi scal year and refunded in 2016 to bank counterparties under collateral agreements.
42
annual_report
HannoverRueckSE-AR_2019
1,055
The Sustainability Strategy 2018-2020 defines the following goals with regard to this issue: Goal to be achieved by 2020: Executive development / Employee advancement
24
annual_report
Sampoplc-AR_2007
1,057
Consolidated Income Statement by Business Segment . . . . . . . . . . . .64
18
annual_report
2987
9,045
Corporate and Other loss before cumulative effect of change in accounting principle, after-tax
13
10K
5850
574
Loss before provision for income tax was $1.7 billion ($1.3 billion, net of income tax), an increased loss of $592 million ($497 million, net of income tax) from a loss before provision for income tax of $1.1 billion ($809 million, net of income tax) in the prior period.
48
10K
de_allianz-AR_2013
602
As the market leader in the German property-casualty market, we offer a wide variety of insurance products for private and commercial customers. Germany is a rather mature market for propertycasualty business, with intensive competition. 2013 showed premium growth mostly in motor business and commercial non-motor busin...
46
annual_report
630
460
As described in Note R, the Company received $5,000 from HPS, of which, $3,978 has been accounted for as a loan payable discounted at the Company's recent historical borrowing rate of 9.25% payable in 60 monthly payments of principal and interest of $85 commencing in March 1998.
47
10K
5499
1,108
The Company recognized non-cash goodwill impairment in the amount of $19.6 million related to its Garden City Group reporting unit in the fourth quarter of 2017. See Note 3, "Goodwill and Intangible Assets" in the audited consolidated financial statements included in this Item 8. The provision for income taxes in the f...
70
10K
StorebrandASA-AR_2007
1,044
ments’ system platform for management carried out by the customer itself or other external managers during the year.
18
annual_report
4782
1,264
The Company monitors the various markets in which its investments are traded. The Company uses various methodologies and techniques to determine a best-estimate of fair value of its investments. However, all factors may not be known or publicly available from which to determine a value and, as such, the fair value used...
106
10K
5349
2,649
The Company's management is responsible for these consolidated financial statements, for maintaining effective internal control over financial reporting, and for its assessment of the effectiveness of internal control over financial reporting, included in "Management’s Report on Internal Controls over Financial Reporti...
121
10K
Sampoplc-AR_2012
180
Mandatum Life provides security to its self-employed customers and their families and safeguards the future of the company in the event of the sudden illness, disability or death of the entrepreneur. The statutory cover provides basic security, which is often not enough, however. The small amount of statutory pension m...
101
annual_report
4230
1,513
The remaining 5% of the reserves for future policy benefits as of December 31, 2010 represented reserves for the guaranteed minimum death and optional living benefit features of the variable annuity products in our Individual Annuities segment, and group life and disability and long-term care benefits in our Group Insu...
127
10K
1027
365
The weighted average fair value of options granted under the ESPP and 1994 Stock Plan during 1998, 1997 and 1996 is estimated at $3.14, $4.06 and $12.11, respectively, on the date of grant using the Black-Scholes option-pricing model with the following assumptions: no dividend yield; volatility of 71.0% in 1998, 76.1% ...
74
10K
PowszechnyZakladUbezpieczenSA-AR_2019
1,165
In order to increase the share in the growing micro-business market, the Micro-business Products and Services Department was set up. Its main aim is to strengthen the bank’s role in the financing of sole trader activity through ensuring adequate and specialized service as well as dedicated products. As at 31 December 2...
70
annual_report
3445
1,470
The Company performs a review on at least an annual basis, of goodwill held by its reporting units, which are the Company's three operating and reportable segments: Business Insurance, Financial, Professional & International Insurance and Personal Insurance.
37
10K
2022
370
: Properties As of December 31, 2002, we leased 83,000 square feet of space for our corporate office in Bethesda, Maryland, of which 28% is subleased. We also leased 850,000 aggregate square feet for office space, subsidiary operations and customer service centers for the various markets where our health plans operate,...
107
10K
3514
499
(d) Includes the acquired operations of Ochsner Health Plan from April 1, 2004.
13
10K
1969
851
subsequent recoveries in value. Writedowns of equity securities and other limited partnership interests were $191 million and $142 million for the years ended December 31, 2002 and 2001, respectively. During the years ended December 31, 2002 and 2001, the Company sold equity securities with an estimated fair value of $...
64
10K
4312
1,541
Available for sale securities, trading securities, VIE debt, derivative instruments, and certain other assets are recorded at fair value as described in Note 5 of Notes to Consolidated Financial Statements. All derivative instruments and contracts are recognized on our consolidated balance sheets as either derivative a...
90
10K
StandardLifeAberdeenPLC-AR_2014
3,575
Cash and bond returns These variables are calibrated using government strips.
11
annual_report
528
149
Sources of Funds At the current indicated rate, $10 million in annual dividends from AFG is expected to be more than sufficient to cover AFEI's fixed charges and other operating expenses. If, in the future, affiliate dividends are insufficient to meet its fixed charges, AFEI would be required to meet them through bank ...
63
10K