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2 values
StandardLifeAberdeenPLC-AR_2014
1,913
For non-participating insurance contracts issued by SLCC, the Canadian regulatory valuation technique is applied. Under Canadian regulations, liabilities are determined according to the Canadian Asset Liability Method (CALM). Assets and liabilities are projected under a number of different economic scenarios. These sce...
156
annual_report
17
270
(Dollars in millions, except per share amounts, and percentage increase (decrease) over prior year) 1993 1992 1991 Revenues Premiums $2,474.1 15.5% $2,142.4 10.5% $1,938.9 Investment income 790.4 (2.3) 809.2 2.9 786.6 Net realized investment gains 49.4 19.0 41.5 66.0 25.0 Fees and other income 83.1 50.0 55.4 62.9 34.0 ...
56
10K
fr_axa-AR_2012
5,168
In 2009, AXA set up a Group fi nancing and cash management
12
annual_report
Sampoplc-AR_2001
2,004
Profit brought forward, 1 Jan. 652 For dividend distribution –652 Transfer to other reserves 0
15
annual_report
ch_zurich_insurance_group-AR_2013
277
Programs: Examples of how we are addressing the people management needs of the modern world with the support of specific HR tools include the deployment of a global talent management system to help drive robust succession planning and talent pipelines, and our ongoing Zurich Workforce Analytics activities, which provid...
134
annual_report
4949
791
As Maison had unassigned surplus of $1,613 as of December 31, 2014, it can pay dividends of up to $1,421 to the Company in 2015, subject to prior notice to the LDI. As of December 31, 2014, Maison had not paid any dividends to its shareholders.
46
10K
HelvetiaHoldingAG-AR_2014
2,493
Individual impairment Net in CHF million 7.6.2 Derivatives for hedge accounting 7.7 Maturity dates and impairment of financial assets 7.7.1 Analysis of past due financial assets without impairment 7.7.2 Analysis of individual impaired financial assets at amortised cost
38
annual_report
4282
1,006
The increase in the provisions for the commercial mortgage loan loss allowance for 2010 compared to 2009 was primarily related to the foreclosure and restructuring of commercial mortgage loans with a single borrower during the second quarter of 2010. The increase to charge offs for 2010 compared to 2009 was primarily r...
105
10K
4905
3,953
The year ended December 31, 2012 includes an adjustment that reduced commission expense by $6 million. This amount represents the reimbursement by the North Carolina Reinsurance Facility (NCRF) for commissions Indemnity paid to agents on the surcharges collected on behalf of the NCRF which was incorrectly recorded as a...
56
10K
5378
1,056
Other income represents brokerage, commission related income from the Company’s agency operations, partnership income as well as fees generated from the personal automobile line of business. Brokerage income is recognized over the term of the reinsurance period, typically one year. Commission income from its agency ope...
85
10K
StorebrandASA-AR_2018
1,533
This will result in a reduction in the additional statutory reserves and a corresponding increase in the premium reserve for the contract. For allocated annuities, the additional statutory reserves are paid in instalments over the disbursement period.
37
annual_report
1902
470
AAA of the Carolinas was reduced by $0.4 million in 2002 to reflect lower than expected premium production and higher expenses compared to a decrease of $0.2 million in the equity investment during 2001.
34
10K
5831
1,972
•in whole or in part, on June 1, 2025, or every fifth anniversary of that date, at $1,000 per Series A preferred share, plus accrued and unpaid dividends.
28
10K
2035
911
On June 27, 2000, The Hartford acquired all of the outstanding shares of HLI that it did not already own. (For additional information, see Note 18(a) of Notes to Consolidated Financial Statements.)
32
10K
5277
1,483
The Specialty Industries combined ratio for 2016 decreased to 88.1% compared to 101.3% for 2015, as the loss and LAE ratio decreased by 14.6 points to 48.7% and the expense ratio increased 1.4 points to 39.4%.
36
10K
gb_prudential-AR_2006
492
Total IFRS operating profit was seven per cent lower in 2006 than 2005 due to the losses in Egg during the year. However, excluding
24
annual_report
NatwestGroupPLC-AR_2016
9,065
In addition, national supervisory authorities may add extra capital requirements (the “Pillar 2A requirements”) to cover risks that they believe are not covered or insufficiently covered by Pillar 1 requirements. The Group’s current Pillar 2A requirement set by the PRA at an equivalent of 3.8% of risk-weighted assets. ...
49
annual_report
HiscoxLtd-AR_2007
721
Goodwill represents amounts arising on acquisition of subsidiaries and associates. In respect of acquisitions that have occurred since 1 January 2004, goodwill represents the excess of the cost of an acquisition over the fair value of theGroup’s share of the net identifiable assets of the acquired subsidiary or associa...
53
annual_report
4027
1,237
To be eligible for borrowing funds under this facility, the representations and warranties that the Company made in the credit agreement must continue to be true in all material respects, and the Company must not be in default under the facility, including failure to comply with the covenants described above.
50
10K
NatwestGroupPLC-AR_2016
3,311
To track progress towards RBS’s risk culture target a programme of assessment commenced in 2016.
15
annual_report
5650
953
Our L Bonds borrowing covenants require us to maintain a Debt Coverage Ratio of less than 90%. The Debt Coverage Ratio is calculated by dividing the sum of our total interest-bearing indebtedness by the sum of our cash, cash equivalents, and policy benefits receivable by the net present value of the life insurance port...
79
10K
PosteItalianeSpA-AR_2018
1,764
�� guarantee fulfilment of the legal/regulatory obligations imposed on the Company regarding the provision of universal and non-universal services (e.g. in terms of quality performance, obligations relating to provision of information to customers, definition of the Contratto di Programma (Service Agreement) between th...
66
annual_report
4851
3,404
The number of restricted stock units, performance shares and performance units expected to vest at December 31, 2013 is 5,346,669.
20
10K
TrygAS-AR_2019
1,408
Deferred income tax is provided on temporary differences concerning investments, except where Tryg controls, when the temporary difference will be realised, and it is probable that the temporary difference will not be realised in the foreseeable future.
37
annual_report
gb_prudential-AR_2010
1,369
A number of dividend waivers are in place and these relate to shares issued, but not allocated, under the Group’s employee share plan. These shares are held by the Trustees and will, in due course, be used to satisfy requirements under the Group’s employee share plans.
46
annual_report
4929
1,507
(9) In November 2012, Century committed to a $10.0 million contribution to the Aquiline Financial Services Fund II L.P. as a strategic investment. As of December 31, 2014, approximately $6.7 million of the commitment had been satisfied with $3.3 million of unfunded commitment remaining. The remainder of the capital com...
82
10K
NatixisSA-AR_2015
5,732
This line item also includes market discounts on syndicated loans. In fact, loans outstanding with a theoretical syndication date expired as at December 31, 2015 and at December 31, 2014 were analyzed on a case-by-case basis in order to take into account any market discounts observed at the end of the reporting period.
53
annual_report
2649
473
profits. For annuity and insurance products, DAC are amortized over periods approximating the lives of the business, principally as a percentage of premiums or estimated gross profits or as a portion of product interest margins depending on the product's characteristics.
40
10K
5731
2,104
Our operating subsidiaries may be subject to audit by various tax authorities and may have different statutes of limitations expiration dates. Tax authorities may propose adjustments to our income taxes. Listed below are the tax years that remain subject to examination by a major tax jurisdiction as of December 31, 201...
51
10K
Sampoplc-AR_2007
64
P&C insurance operates under the If brand. If is the largest
11
annual_report
3912
1,165
As a result of S&P’s downgrades of our financial guaranty insurance subsidiaries in June and August 2008, $75.6 billion of our net par outstanding as of December 31, 2008 remains subject to recapture or termination at the option of our reinsurance customers, our credit derivative counterparties or other insured parties...
50
10K
1981
509
Our operating expenses include medical services costs and general and administrative expenses.
12
10K
122
356
Loss reserves are estimates at a given point in time of the amount the insurer expects to pay claimants plus investigation and litigation costs, based on facts and circumstances then known. It can be expected that the ultimate liability in each case will differ
44
10K
2684
1,713
In conjunction with the sale of business assets and subsidiaries, we have provided indemnifications to the buyers. Certain indemnifications cover typical representations and warranties related to our responsibilities to perform under the sales contract. Other indemnifications agree to reimburse the purchaser for taxes ...
81
10K
1004
319
The Company has two reportable segments: 1) health insurance products and 2) life insurance products. The Company's health insurance products consist of the following coverages related to small group PPO products: fully insured medical, self funded medical, dental and short-term disability. Life products consist primar...
118
10K
NatixisSA-AR_2016
1,940
In line with the provisions of Article L.225-105 of the French Commercial Code, one or more shareholders holding the means of registered letter with acknowledgement of receipt. items or draft resolutions on the agenda of the meeting by
38
annual_report
2695
1,636
triggered by, among other things, breaches of representations, warranties or covenants provided by us. These obligations are typically subject to various time limitations, defined by the contract or by operation of law, such as statutes of limitation. In some cases, the maximum potential obligation is subject to contra...
105
10K
4940
547
Our results of operations continue to be negatively impacted by the mortgage insurance we wrote during 2005 through 2008. Although uncertainty remains with respect to the ultimate losses we may experience on these books of business, as we continue to write new insurance on high-quality mortgages, those books have becom...
93
10K
2288
1,923
See Note 14, Derivative Financial Instruments, to the consolidated financial statements for additional disclosures about FPIC’s derivative financial instruments.
19
10K
2895
1,871
The following table sets forth net earnings for the products included in our Mortgage Insurance segment:
16
10K
5147
1,281
In 2015, AIC paid dividends totaling $2.31 billion to its parent, Allstate Insurance Holdings, LLC (“AIH”), which then paid $2.30 billion of dividends to the Corporation. In 2014, AIC paid dividends totaling $2.47 billion to its parent, AIH, which then paid $2.46 billion of dividends to the Corporation. In December 201...
226
10K
StandardLifeAberdeenPLC-AR_2017
1,541
Following the Merger, management reconsidered the appropriate KPIs for the Group, taking into account the shift towards asset management business. The Supplementary information section sets out the changes in financial KPIs and the reasons for these changes.
37
annual_report
StorebrandASA-AR_2007
1,981
Indirect investments in commercial paper and bonds through funds managed by Storebrand 50.9 -1 872.3 -1 821.4 -1 821.4 -3 095.2
21
annual_report
ASRNederlandNV-AR_2008
929
The table below shows details of the net claims expense and benefits for non-life Insurance: Claims and changes to provision for payable claims -1,203 -1,093 -986 Changes to unearned premiums -185 -154 -24 Changes to liabilities arising from insurance contracts -223 -212 -227 Total claims expense and benefits, Non-life...
57
annual_report
4155
1,317
Overview. We reported a GAAP combined ratio of 82.6% for the year ended December 31, 2009, compared to 84.0% for the year ended December 31, 2008. The decrease in our combined ratio was primarily due to lower current accident year non-catastrophe and catastrophe losses, partially offset by increased policy acquisition ...
59
10K
PosteItalianeSpA-AR_2017
1,989
�� Amendments to IAS 7 - Statement of Cash Flows – Disclosure initiative, adopted with Regulation (EU) no. 1990/2017. The amendments have introduced a requirement to provide additional disclosures on changes in liabilities arising from financing activities, enabling the users of financial statements to distinguish betw...
54
annual_report
2391
2,218
As of December 31, 2004, the fair value of derivatives in a gain position and recorded in Other invested assets is $442 million and the fair value of derivatives in a loss position and recorded in Other liabilities is $46 million.
41
10K
AvivaPLC-AR_2019
5,240
IFRS sub-ordinated debt 6,206 6,340 Revaluation of subordinated liabilities 716 649 Other movements 20 (10) Solvency II subordinated debt 6,942 6,979
21
annual_report
NatixisSA-AR_2012
7,886
Diversity and equal opportunity Policy implemented and measures taken to promote it
12
annual_report
2188
1,168
Corporate-level activities in 2002 included expenses of $96 million related to supplemental benefits paid to policyholders whom we had previously agreed to provide insurance for reduced or no premium in accordance with contractual settlements related to prior individual life sales practices remediation. These expenses ...
92
10K
5453
1,942
PLC’s expected long-term rate of return assumption used to determine the net periodic benefit cost as of December 31, 2017 (Successor Company) is 2.75%. To determine an appropriate long-term rate of return assumption, PLC utilized 25 year average and annualized return results on the Barclay’s short treasury index.
48
10K
SwissReAG-AR_2012
1,387
The Chairman convenes meetings of the Board and its committees and makes preparations for, and presides over, Board meetings. He coordinates the activities of Board committees and ensures that the Board is kept informed about the committees’ activities and findings. In cases of doubt, he makes decisions about the autho...
64
annual_report
910
1,090
1997 compared to 1996 Investment income increased $22.5 million (3%) from 1996 due primarily to an increase in the average amount of investments held partially offset by decreasing market interest rates.
31
10K
5153
2,170
For information on MetLife, Inc.’s unaffiliated debt issuances and other borrowings, see “- The Company - Liquidity and Capital Sources - Global Funding Sources - Debt Issuances and Other Borrowings.”
30
10K
SwissReAG-AR_2020
2,468
approval and the amount depends on the final number of dividend eligible shares and FX rates upon dividend payout.
19
annual_report
4725
2,952
On April 15, 2013, the Company issued $300 aggregate principal amount of 4.3% Senior Notes (the "4.3% Notes") due April 15, 2043. For further information regarding debt, see Note 13 - Debt of Notes to Consolidated Financial Statements.
38
10K
SwissLifeHoldingAG-AR_2011
68
Frank Schnewlin studied at the University of St. Gallen (lic. oec. HSG), the London School of Economics (Master of Science ) and the Harvard Business School (MBA) before earning his doctorate in economics in 1983 at the University of Lausanne (Dr. ès sc. écon). From 1983 to 2001 he held various positions at the Zurich ...
93
annual_report
5180
883
As of December 31, 2015, the Company’s cumulative legal and related fees in respect of the USAO Investigation (including indemnification obligations), the SEC Investigation, the IRS Investigation and related matters were $57.7 million, including $17.3 million and $5.7 million incurred during the years ended December 31...
143
10K
fr_axa-AR_2009
7,706
Derivatives on fi nancing debt instruments issued (a) (62) (62) (103) (103) (163) (163)
14
annual_report
RaiffeisenBankInternationalAG-AR_2015
1,129
Net realized gains (losses) on financial assets not measured at fair value through profit and loss 10,724 67,953
18
annual_report
TopdanmarkAS-AR_2015
256
The Compliance Function exercises control and provides advice to ensure that the Group’s business sectors and administrative departments observe relevant legislation and internal rules.
24
annual_report
AegonNV-AR_2013
443
Accident and health insurance premiums 2,356 2,326 1% 1,833 1,672 10%
11
annual_report
LloydsBankingGroupPLC-AR_2019
5,878
Cash deposits of £4,703 million (2018: £4,102 million) which support the debt securities issued by the structured entities, the term advances related to covered bonds and other legal obligations are held by the Group. Additionally, the Group had certain contractual arrangements to provide liquidity facilities to some o...
74
annual_report
4774
1,790
Operating expenses. In our Commercial Insurance, Assumed Reinsurance and Personal Insurance segments, we refer to the operating expenses that we incur to underwrite risks as underwriting expenses. These include commission expenses (payments to our producers for the premiums that they generate for us) and other underwri...
47
10K
3771
1,935
Significant judgment is required in the determination of whether an OTTI has occurred for an investment. CNA follows a consistent and systematic process for determining and recording an OTTI loss. CNA has established a committee responsible for the OTTI process. This committee, referred to as the Impairment Committee, ...
80
10K
2744
1,971
projections include assumptions related to premiums (new sales, persistency, and the timing of premium rate increases), investment income, expense levels, incurred claims (paid claims plus change in claim reserves) and changes in our future policyholder benefits. If there is any negative variance in our assumptions rel...
80
10K
362
218
Future policy benefits are primarily long-term in nature and therefore, the Company's investments are predominantly in long term fixed maturity investments such as bonds and mortgage loans which provide a sufficient return to cover these obligations. Most of the insurance company assets, other than policy loans, are in...
120
10K
5183
712
On January 29, 2016 we completed our acquisition of Precision Castparts Corp. (“PCC”). At that time, we acquired all outstanding PCC shares of common stock, other than the shares already owned (about 2.7 million shares or 1.96%), for aggregate consideration of approximately $32 billion. We funded the acquisition with a...
95
10K
SwissReAG-AR_2013
2,138
collateral accepted which the Group has the right to sell or repledge as of 31 December 2012 and 2013, the fair value of the government and corporate bond securities received as collateral was usD 4 329 million and usD 4 367 million, respectively. of this, the amount that was sold or repledged as of 31 December 2012 an...
82
annual_report
RaiffeisenBankInternationalAG-AR_2005
1,572
Expenditure on subordinated liabilities in the year under review totalled € 22,757 thousand (2004: € 13,797 thousand).
17
annual_report
Sampoplc-AR_2001
1,247
Limited on 31 December 2000, have been implemented in the accounts by using the pooling method of accounting.
18
annual_report
fr_axa-AR_2009
7,185
In 2008, the change in other reserves was due to €-299 million in interest expense on the undated subordinated debt, and €-420 million in exchange rate differences.
27
annual_report
AegonNV-AR_2004
1,437
AEGON Canada’s principle means of distribution includes a number of networks that are almost exclusively supported by independent advisors.
19
annual_report
5455
840
Lifetime value of a pet. Lifetime value of a pet (LVP) is a business operating metric that we believe reflects the lifetime value we might expect from a new pet enrollment. We calculate LVP based on gross profit from our subscription business segment for the 12 months prior to the period end date excluding stock-based ...
153
10K
SwissLifeHoldingAG-AR_2012
1,369
Swiss Life – Annual Report 2012 exPosure To CreDIT rIsK oF DeBT INsTrumeNTs – CreDIT raTING By Class as aT 31 DeCemBer 2012
23
annual_report
HannoverRueckSE-AR_2011
869
nover Re Group and promotes outstanding diversification of the portfolio. Our core business policy is based on the tried and trusted Five Pillar model: conventional reinsurance, new markets, multinationals, bancassurance and financial solu­
33
annual_report
NatixisSA-AR_2017
10,380
123; 11 Changes in regulatory capital 44 to 47 123 to 125 12 Regulatory capital targets 48 126 13 Risk-weighted assets by business line and by type of risk 48 126 14 Risk-weighted assets and capital requirements by method and exposure class 15 Table of credit risks by Basel portfolio 54; 71; 77; 16 Changes in risk-weig...
92
annual_report
5387
1,960
In May 2017, the FASB issued ASU 2017-09 "Compensation - Stock Compensation (Topic 718) - Scope of Modification Accounting" to provide clarity and reduce diversity in practice of applying the guidance in Topic 718 to a change to the terms or conditions of a share-based payment award. This ASU provides guidance about wh...
94
10K
3198
1,824
Here is a summary of the major components of our net deferred tax liability:
14
10K
StorebrandASA-AR_2006
835
Storebrand Group: Storebrand ASA: Storebrand Livsforsikring AS: Storebrand Bank ASA: 1 Net debt ratio is debt minus liquid assets divided be assets minus liquid assets 2004–2006 based on IFRS, 2002–2003 based on NGAAP
33
annual_report
NNGroupNV-AR_2017
869
8 Representing a payout ratio of around 45% of the net operating results of the ongoing business.
17
annual_report
5203
1,214
We incur significant costs in connection with acquiring new insurance business. Portions of these costs, which are determined to be incremental direct costs associated with successfully acquired policies and coinsurance of blocks of policies, are deferred and amortized over future periods. The recovery of such costs is...
178
10K
830
368
In December 1996, the board of directors terminated the then existing stock repurchase program and authorized the repurchase of up to 750,000 shares of Enhance Financial's common stock from that date. In 1997, Enhance Financial purchased 177,925 shares of its common stock for an aggregate consideration of $7.0 million
49
10K
5503
1,030
Commercial auto, representing 20 percent of 2017 earned premiums for our commercial lines insurance segment, was the only major line of business in that segment with a 2017 total loss and loss expense ratio significantly higher than we desired. During 2017, our commercial auto policies experienced average renewal estim...
87
10K
HiscoxLtd-AR_2016
1,089
Percentage change in remuneration of Director undertaking the role of Chief Executive The table below shows the percentage change in base salary, benefits and annual bonus of the Chief Executive between the 2015 and 2016 financial years. We have chosen UK-based employees as the comparator group for base salary and bene...
114
annual_report
4147
1,762
The purchase contract element of the units issued in 2004 had a threshold appreciation price of $16.95 per share. The outstanding stock options have exercise prices ranging from $11.37 to $58.56, the nonvested stock awards have grant prices ranging from $10.59 to $26.25, and the performance restricted stock units have ...
56
10K
HelvetiaHoldingAG-AR_2011
155
Professional background various positions with the Gerling Group; 1981 joined Helvetia Germany: various management positions; 1995 General Manager for Germany and Chairman of Helvetia Leben and Helvetia International, D-Frankfurt/ Main; since 1998 with Helvetia Group in current position.
38
annual_report
BaloiseHoldingLtd-AR_2006
3,466
3.21 Financial liabilities Bonds issued on the capital market, with the exception of bonds from the banking segment, are recognized in fi nancial liabilities.
24
annual_report
AvivaPLC-AR_2009
1,950
United Kingdom The Financial Services Authority In the UK, the Financial Services Authority (the FSA) is the single regulator for all authorised persons with respect to regulated activities in the financial services sector. In this regard, the FSA is authorised to make rules and issue guidance in relation to a wide sph...
83
annual_report
4471
2,293
The accounting policies for the Company’s principal investments are as follows:
11
10K
5265
3,590
As of December 31, 2016, includes notes with both fair value and carrying amount of $5,859 million. As of December 31, 2015, includes notes with fair value and carrying amount of $5,120 million and $4,889 million, respectively. These amounts have been offset with the associated receivables under a netting agreement.
50
10K
1759
4,164
National Western held investments in several issuers whose decline in value was considered other than temporary during 2001 and these holdings were written down to fair value and included as realized losses on investments as follows:
36
10K
5420
1,725
A&H Segment Results of Operations for the Year Ended December 31, 2016 Compared to the Year Ended December 31, 2015
20
10K
5209
714
As the parent company conducts no operations apart from its wholly-owned subsidiaries, the discussion below focuses on consolidated cash flows.
20
10K
INGGroepNV-AR_2006
1,073
2.1 Consolidated annual accounts amounts in millions of euros 2006 2005
11
annual_report
2192
737
broker, and are accounted for with their related host contracts. Unrealized gains and losses are reflected in income currently. As of December 31, 2003 and 2002, $885 and $(315), respectively, had been recognized in income. Because of the limited liquidity of some of these instruments, the recorded values of these tran...
110
10K
3713
615
The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires the use of estimates and assumptions in certain circumstances that affect amounts reported in the accompanying consolidated financial statements and related footnotes. These estimates and as...
53
10K
4766
1,227
The following table indicates property and casualty premiums written and earned for 2013, 2012 and 2011:
16
10K
gb_lloyds_banking_grp-AR_2009
1,354
The Engagement Index is based on the result of a survey conducted quarterly, asking Lloyds Banking Group colleagues the same 13 questions used by Lloyds TSB since 2005 which refl ect both the drivers and outcome of engagement. The data captures the percentage of total responses received which were favourable for each q...
60
annual_report
3567
816
Premiums earned from this segment have increased $39.4 million for the year ended December 31, 2007 over the comparable period in 2006. The 2007 results include; (i) $1.1 million of adverse development on premiums earned primarily in 2006 on certain fully insured programs, and (ii) an increase from the prior year of $1...
69
10K