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Swaptions. Swaptions, which expire in 1999 through 2003, entitle LNC to receive settlement payments from the counterparties on specified expiration dates, contingent on future interest rates. For each swaption, the amount of such settlement payments, if any, is determined by the present value of the difference between ...
123
10K
4805
13,211
Aggregate life surrenders in 2013 were 4.6% of related reserves, compared with 5.8% in 2012. Cash, treasuries and agency mortgage-backed securities accounted for 13.3% of fixed income investments at year end 2013, as compared to 10.6% at year end 2012. A strong liquidity profile remains a priority for the Company, but ...
102
10K
RaiffeisenBankInternationalAG-AR_2017
3,614
Of the 236 entities in the Group, 124 are domiciled in Austria (2016: 36) and 112 abroad (2016: 70). They comprise 25 banks, 147 financial institutions, 16 companies rendering bank-related ancillary services, ten financial holding companies and 38 other companies.
40
annual_report
4856
1,421
No allowance for uncollectible reinsurance is required as of December 31, 2014 and 2013.
14
10K
AegonNV-AR_2012
2,679
E. Suspending or dismissing Board members Members of Aegon’s Supervisory and Executive Boards may be suspended or dismissed by the General Meeting of Shareholders with a two-thirds majority of votes cast, representing at least one half of Aegon’s issued capital, unless the suspension or dismissal has first been propose...
53
annual_report
NatixisSA-AR_2006
2,769
Commission income came to €2,760 million, representing 44% of net banking income. This constitutes an increase of just 3% due to the full-year impact of the reduction in commission for “livret A” special savings accounts to 1% at the end of 2005. Excluding this effect, commission income rose by 6%, fueled mainly by com...
67
annual_report
NatixisSA-AR_2016
2,841
Natixis may consider external growth or partnership opportunities from time to time. While Natixis closely reviews the companies it result, Natixis may have to assume unforeseen liabilities. Similarly, an acquisition or joint venture may not live up to plans to acquire and the joint ventures it plans to engage in, it i...
74
annual_report
ScorSE-AR_2015
2,956
Transversal functions  Actuarial Pricing  Administration & Finance  Reserving  Claims Management  Legal Services Operations  Risk Management  Risk Modelling & Global
26
annual_report
AdmiralGroupPLC-AR_2019
2,828
These Financial Statements were approved by the Board of Directors on 4 March 2020 and were signed on its behalf by: Geraint Jones
23
annual_report
1889
700
The 2001 results include a $7.7 million increase in prior years’ reserves for unpaid claim and claim settlement expenses compared to the 2000 results which include a $15.9 million increase in prior years’ reserves for unpaid claim and claim settlement expenses. Our estimate for unpaid claim and claim settlement expense...
108
10K
3712
1,539
In the following segment financial data, “operating revenue” excludes net realized investment gains and losses. “Operating income” or “operating loss” excludes net realized investment gains and losses, income tax, and results of discontinued operations. These are considered non-GAAP financial measures. These non-GAAP f...
257
10K
NatwestGroupPLC-AR_2016
9,122
Group’s balance sheet is sufficiently resilient to meet the regulator’s stressed scenarios.
12
annual_report
5789
415
The terms of Brexit and its impact remain uncertain, and the Company is currently in the process of establishing appropriate arrangements for the continued servicing of client business in the countries expected to be most affected. For a further discussion of the risks of Brexit to the Company, see Part I, Item 1A Risk...
62
10K
NatixisSA-AR_2019
9,007
Parent company financial statements and notes 395NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019www.natixis.com
11
annual_report
DirectLineInsuranceGroupPLC-AR_2015
2,379
Assets Intangible assets 5.4 5.6 Property, plant and equipment 5.2 5.9 Reinsurance assets 171.0 183.0 Deferred tax assets 41.9 9.2 Current tax assets – 1.4 Deferred acquisition costs 105.5 111.1 Insurance and other receivables 152.3 91.1 Prepayments and accrued income 3.1 3.6 Financial investments 665.5 706.9 Cash and ...
123
annual_report
RSAInsuranceGroupPLC-AR_2018
3,821
Present value of unfunded obligations (7) (92) (99) (7) (111) (118)
11
annual_report
3295
1,145
Included in the direct and ceded earned premiums for the years ended December 31, 2007, 2006 and 2005 are $1.6 billion, $1.5 billion and $3.3 billion related to property and casualty business that is 100% reinsured as a result of business dispositions and a significant captive program.
47
10K
5446
1,165
In 2016 and 2017, the Company used a full-yield curve approach in the estimation of the service and interest cost components of net periodic pension and postretirement benefit cost for its major pension and other postretirement benefit plans; this was obtained by applying the specific spot rates along the yield curve u...
109
10K
1053
160
The Company maintains invested assets for purposes of fulfilling policyholder obligations which are often susceptible to market risk. These assets and other financial instruments are maintained in accordance with the Company's investment policy which is designed to match corresponding policyholder obligations to relati...
48
10K
2238
4,490
the acquisition, in May 2001, of the remaining publicly held shares of InterContinental Life Corporation.
15
10K
4658
753
Interest expense for the year ended December 31, 2012 decreased $1.0 million, or 13.3%, to $6.6 million from $7.6 million for the year ended December 31, 2011 and was positively impacted by a lower interest rate on outstanding borrowings and our new credit facility with Wells Fargo Bank, N.A., which took effect on Augu...
102
10K
3961
1,503
During 2009, OneBeacon Ltd. paid $80 million of regular quarterly dividends to its common shareholders. White Mountains received a total of $60 million of these dividends.
26
10K
2873
972
The Company accounts for stock compensation in accordance with FAS No. 123, “Accounting for Stock-Based Compensation.” Compensation expense for stock options and for restricted stock awards granted to employees is recorded over the vesting period using the fair value method.
40
10K
gb_prudential-AR_2001
1,100
Total cash at bank and in hand (per balance sheet) 1,436 1,402
12
annual_report
BeazleyPLC-AR_2017
401
Corporate capital introduced at Lloyd’s followed by Lloyd’s Reconstruction and Renewal
11
annual_report
de_allianz-AR_2002
1,614
Real estate used by Allianz for its own activities 5,432 5,097
11
annual_report
4919
1,142
State laws and regulations generally limit the amount of funds that an insurance company may distribute to a parent as a dividend without Commissioner approval. As a holding company with no independent operations of its own, United Fire Group, Inc. relies on dividends received from its insurance company subsidiaries in...
266
10K
5538
2,015
Due to the nature of the services provided, our Services arrangements with customers may include any of the following three basic types of contracts:
24
10K
TrygAS-AR_2019
1,011
11 Intangible assets (continued) - Earned premium assumed CAGR 0-10 years 4% 10% - Earned premium assumed CAGR > 10 years 2% 2% - Required return before tax 13% 11% - Expected level of Combined ratio 87% 90%
38
annual_report
1889
576
Premiums ceded under excess of loss policies will increase significantly as a percent of gross premiums earned when compared to the results attained for 2002. This increase is the result of two factors: (i) our cost for excess of loss reinsurance coverage in our non-Minnesota regions increased substantially for 2003 wh...
87
10K
2012
440
The Excess of Loss Contracts provided the insurance subsidiaries of CNA Surety with the capacity to underwrite large surety bond exposures by providing reinsurance support from CCC. The Excess of Loss Contract provides $75 million of coverage for losses in excess of the $60 million per principal. Subsequent to the Merg...
221
10K
Sampoplc-AR_2006
452
The Group’s solvency ratio (own funds in relation to minimum requirements for own funds) on 31 December 2006 was 202.7 per cent (196.1).
23
annual_report
SwissLifeHoldingAG-AR_2006
558
Clauses on changes of control No contractual provisions exist in favour of the Board of Directors or the Corporate Executive Board with regard to control of the company.
28
annual_report
NatwestGroupPLC-AR_2013
3,289
2013 2012 Mortgages Other loans Mortgages Other loans (1) £bn £bn £bn £bn
13
annual_report
DirectLineInsuranceGroupPLC-AR_2013
1,103
• Considered the means by which cultural indicators can be measured and improved
13
annual_report
AvivaPLC-AR_2009
3,527
Deficits in the schemes at 1 January 9,338 (9,951) (613) (1,402) (2,015) Employer contributions 294 — 294 (62) 232 Employee contributions 18 (18) — (8) (8) Benefits paid (392) 392 — 46 46 Current and past service cost (see (iv) above) — (156) (156) — (156) Gains/(losses) on curtailments and settlements (see (iv) above)...
113
annual_report
5477
1,070
Fixed maturity investments - Total unrealized losses and OTTI decreased by $246,465, or 63%, from December 31, 2016, to December 31, 2017. The majority, or $206,316, of the decrease was in the less than twelve months category. The overall decrease in unrealized losses was across several asset classes and reflects lower...
72
10K
3496
652
These pending regulatory matters relate to subpoenas issued and/or inquiries made by state attorneys general and insurance departments into, among other things, the industry’s commission payment practices. The Company has received subpoenas and/or requests for information from attorneys general and/or insurance departm...
105
10K
5900
1,537
The following table summarizes the location of gains and losses of derivative financial instruments designated as cash flow hedging instruments, as reported in our consolidated statements of comprehensive income (loss).
30
10K
5334
1,167
The Company has $3.0 billion five-year, $2.0 billion three-year and $1.0 billion 364-day revolving bank credit facilities with 23 banks, which mature in December 2021, December 2019, and December 2017, respectively. These facilities provide liquidity support for the Company’s commercial paper program and are available ...
123
10K
4315
992
Net premiums written from commercial insurance, which represented 42% of our premiums written in 2010, were flat in 2010 and decreased 7% in 2009 compared with the respective prior years. Net premiums written for the classes of business within the commercial insurance segment were as follows:
46
10K
4209
1,510
In connection with Ambac’s efforts to seek redress for breaches of representations and warranties and fraud related to the information provided by both the underwriters and the sponsors of various transactions and for failure to comply with the obligation by the sponsors to repurchase ineligible loans, it has filed the...
422
10K
NatwestGroupPLC-AR_2015
1,277
Committee also separately received a report on Information Security and insights from an external industry expert on cyber risk. It reviewed the responses to the PRA and FCA Dear Chairman II Exercises and the subsequent letters from the PRA and FCA and made recommendations to the Board for approval prior to submission.
52
annual_report
ASRNederlandNV-AR_2012
601
Unrealized (gains) losses on investments at fair value through profi t or loss -8 -6
15
annual_report
AvivaPLC-AR_2009
5,170
IFRS operating profit before tax attributable to shareholders’ profits 2,022 2,297 Investment return variances and economic assumption changes on long-term business (75) (1,631) Short-term fluctuation in return on investments backing non-long-term business 95 (819) Economic assumption changes on general insurance and h...
102
annual_report
1126
479
At December 31, 1998, intangible assets arising from the purchased businesses consisted of the following:
15
10K
5728
858
The Company accrued for aggregate contributions of approximately $2.2 million, $1.8 million and $1.6 million to the 401(k) Plan during the years ended December 31, 2019, 2018 and 2017, respectively.
30
10K
NatwestGroupPLC-AR_2018
3,975
Retained earnings At 1 January 38,042 7,995 16,252 Implementation of IFRS 9 on 1 January 2018 (8) 231 — — Profit/(loss) attributable to ordinary shareholders and other equity owners 2,424 1,284 (5,409) Equity preference dividends paid (182) (234) (260) Dividend access share dividend — — (1,193) Ordinary dividend paid (...
93
annual_report
5593
1,459
In the course of selling business entities and assets to third parties, CNA agreed to guarantee the performance of certain obligations of previously owned subsidiaries and to indemnify purchasers for losses arising out of breaches of representations and warranties with respect to the business entities or assets sold, i...
141
10K
fr_axa-AR_2009
719
and/or an optional or mandatory Federal charter for insurance companies in the US.
13
annual_report
AegonNV-AR_2012
2,997
The standard applies to financial years beginning on or after January 1, 2013, and identifies the concept of control as the determining factor in whether an entity should be included within the consolidated financial statements of the parent company. The standard provides additional guidance to assist in the determinat...
116
annual_report
5668
1,066
• Our U.S. Life Insurance segment decreased $19 million mostly attributable to our life insurance business primarily as a result of a decline in our term universal and universal life insurance in-force blocks in 2018. The decrease was also related to an unfavorable unlocking of $7 million in our universal and term univ...
98
10K
1901
891
For a further discussion of the shelf registration statements, see Note 10 of Notes to Consolidated Financial Statements.
18
10K
4082
1,992
of the party posting the collateral. As of December 31, 2009 and 2008, the Company did not hold cash collateral from derivative counterparties but posted cash collateral to derivative counterparties of $193 million and $92 million, respectively. The 2009 amount reflects $30 million of cash collateral posted on a notion...
103
10K
SwissReAG-AR_2015
844
Overall group deleveraging has totalled Usd 6 billion since year-end 2012, and achieved the deleveraging target of Usd 4 billion ahead of 2016. Net senior deleveraging in 2015 amounted to Usd 1.2 billion, driven by Usd 0.7 billion senior debt maturities and redemptions and a net Usd 0.7 billion reduction in lOCs and re...
67
annual_report
TrygAS-AR_2008
23
TrygVesta’s insurance offering includes the following areas: liability, workers’ compensation, motor, building, contents, cargo, house, personal accident and health care. By far most of our customer relations are handled through our own channels. In addition, we have a strategic partnership with Nordea, the largest ban...
49
annual_report
HelvetiaHoldingAG-AR_2018
1,311
Goodwill and other intangible assets 106 Investments 119 Financial liabilities 122 Insurance business 132 Income taxes 135 Equity
18
annual_report
SwissLifeHoldingAG-AR_2014
2,331
Swiss Life – Annual Report 2014 gains/losses recognised in profit or loss Gains/losses on level 3 fair value measurements recognised in profit or loss are presented in the income statement as follows: In CHF million
35
annual_report
2118
1,045
An adverse outcome of litigation against PMI or any of our other subsidiaries could harm our consolidated financial position and results of operations.
23
10K
de_allianz-AR_2008
2,851
– Contingent consideration must be recognized and measured at fair value at the acquisition date. Subsequent changes in fair value are recognized in accordance with other IFRSs, usually in profit and loss. Goodwill is no longer adjusted for those changes.
40
annual_report
INGGroepNV-AR_2019
4,400
Following a partial divestment in the fourth quarter of 2018, ING sold its last tranche of shares in
18
annual_report
LloydsBankingGroupPLC-AR_2014
214
– Economic environment: significant progress in reducing the Group’s risk profile and strengthening the balance sheet along with strategic actions taken in the last couple of years means we are better positioned to benefit as the economy recovers.
38
annual_report
StandardLifeAberdeenPLC-AR_2020
917
• The Group’s organisational structure, strategy, business activities and operational plans
11
annual_report
SwissReAG-AR_2017
4,616
Our notable achievements in 2017: ̤ We initiated a new phase in our successful partnership with the World Energy Council (www.worldenergy.org) and Marsh & McLennan Companies (www.mmc.com) on the topic of “financing resilient energy infrastructure”. Building on the three reports published in 2016, we started to develop ...
169
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2009
979
The USA remains our largest single market, with a premium volume of €912m (848m) in the 2009 financial year. Despite the competitive environment, we succeeded in further improving the result margins in reinsurance business, enabling us to offset reductions in volume due principally to our withdrawal from unprofitable b...
49
annual_report
SwissLifeHoldingAG-AR_2005
1,752
Crédit et services financiers (CRESERFI) 202 99 103 34 51 5 2 33.4%
13
annual_report
4822
845
As of December 31, 2013, our combined net risk in force was $7.8 billion and our combined statutory capital was $469.4 million resulting in a risk to capital ratio of 16.5 to 1. The amount of capital required varies in each jurisdiction in which we operate; however, generally, the maximum permitted risk to capital rati...
179
10K
GjensidigeForsikringASA-AR_2013
655
It is proposed that the parent company’s profit before other components of income and expense of NOK 3,160.7 million be allocated as follows: NOK million
25
annual_report
HelvetiaHoldingAG-AR_2016
1,332
2.10 Impairment of tangible assets, goodwill and other intangible assets The carrying value of tangible assets or an intangible asset amortised using the straight-line method is tested for impairment if there is evidence for impairment. Goodwill and intangible assets with an indef- inite useful life are reviewed for im...
70
annual_report
gb_prudential-AR_2009
2,081
viii Share-based payments The charge for share-based payments for Prudential schemes is for the SAYE and Group performance-related schemes.
19
annual_report
gb_prudential-AR_2015
1,072
2 Excludes Group’s proportionate share in joint ventures and unit-linked assets and holdings of consolidated unit trust and similar funds.
20
annual_report
INGGroepNV-AR_2007
3,116
REPORT ON THE ANNUAL ACCOUNTS We have audited the annual accounts 2007 of ING Groep N.V., Amsterdam (as set out on pages 88 to 239). The annual accounts consist of the consolidated annual accounts and the parent company annual accounts. The consolidated annual accounts comprise the consolidated balance sheet as at 31 D...
120
annual_report
NatixisSA-AR_2008
1,852
2008 saw new business being won at a high rate, with a strong contribution from young people (44%) and government employees (16%), to reach 144,000 additional clients. The growth in the number of private individual clients was amplifi ed by the integration of the regional banks, bringing the total number of new private...
57
annual_report
HannoverRueckSE-AR_2008
1,319
For further remarks on technical and other assets which are unadjusted but considered overdue as at the balance sheet date as well as on significant unscheduled depreciation taken in the year under review please see Section 7.2 "Technical assets and liabilities" and Section 7.12 "Other assets and liabilities".
48
annual_report
5352
948
In connection with the hiring and retention of both new talent and experienced personnel, including our senior management, brokers and other key personnel, we have entered into various agreements with key employees setting up the conditions for the cash payment of certain retention bonuses. These bonuses are an incenti...
242
10K
259
376
The cumulative effect as of January 1, 1994 of adopting FASB Statement 115 on the opening balance of Stockholders' Equity was an increase of $1,471,000 (net of $792,000 in deferred income taxes) to reflect the net unrealized holding gains on securities classified as available-for-sale previously carried at amortized co...
76
10K
gb_lloyds_banking_grp-AR_2016
670
Statutory profit in 2015 included a charge of £745 million, comprising £660 million relating to the sale of TSB and £85 million of TSB dual-running costs.
26
annual_report
2757
967
In connection with the Acquisition, each member of the executive management team issued a recourse promissory note to, and entered into a pledge agreement with the Company. Pursuant to the notes, the Company loaned management an aggregate of $695 in order to purchase common stock in connection with the Acquisition and ...
193
10K
4484
871
the major industry types and weighted average credit ratings, which comprise the corporate fixed maturity holdings at December 31, 2011 and 2010.
22
10K
2517
5,699
On December 15, 2003, $50 million of the loan was repaid following receipt of funds from our initial public offering. We have repaid the remaining $40 million in principal amount due with a portion of the net proceeds from the offering of $250,000,000 in aggregate principal amount of our Senior Notes due 2014.
53
10K
4607
1,385
Tower Insurance Company of New York (“TICNY”) is the Company’s largest insurance subsidiary. Under New York law, TICNY is limited to paying dividends to the Holding Company only from statutory earned surplus. In addition, the New York Insurance Department must approve any dividend declared or paid by TICNY that, togeth...
124
10K
fr_axa-AR_2004
915
Jean-René Fourtou 1963 Management Consultant of Organization Bossard & Michel 1972 Chief Executive Officer of Bossard Consultants 1977 Chairman and Chief Executive Officer of Groupe Bossard 1986 – 1999 Chairman and Chief Executive Officer of Rhône-Poulenc Group which became
39
annual_report
5695
1,155
As the principal, or domiciliary, regulator of Ambac Assurance and Everspan, OCI has primary regulatory authority, including with respect to the initiation and administration of rehabilitation or liquidation proceedings. Additionally, the accounts and operations of Ambac Assurance and Everspan are subject to periodic c...
139
10K
2380
147
Legacy Marketing recognized investment income of $409,000 in 2003 compared to $638,000 in 2002. This decrease was primarily due to lower realized gains on sales of investment securities during 2003.
30
10K
4419
1,997
Excluding the effects of foreign exchange, new insurance written decreased primarily as a result of declines in flow new insurance written in Canada, Europe and Australia. In Canada, flow new insurance written declined
33
10K
4172
996
As part of its strategy, the Company has undertaken several initiatives to realign its organization and consolidate support functions in an effort to increase efficiency and responsiveness to customers and to reduce costs.
33
10K
DirectLineInsuranceGroupPLC-AR_2012
2,524
No assumption has been made for salary growth as there are no liabilities in the scheme that are linked to future increases in salaries.
24
annual_report
4104
1,093
Alleghany has an unfunded, noncontributory defined benefit pension plan for executives and a smaller, funded, noncontributory defined benefit pension plan for employees.
22
10K
2570
747
The mortgage-backed securities shown in the above table include $3,405,529 of securities issued by government corporations and agencies. Investment yields may vary from those anticipated due to changes in prepayment patterns of the underlying collateral.
35
10K
de_allianz-AR_2004
2,933
Other banking information The Allianz Group had deposits that have been reclassified as loan balances of ¤8,555 mn (2003: ¤5,829 mn) and deposits with related parties of
27
annual_report
5401
690
Expense comparisons for the three years ended December 31, 2017 are influenced by the following net charges:
17
10K
NatwestGroupPLC-AR_2013
2,554
Refer to the Pension risk section on pages 356 and 357 for further information.
14
annual_report
ch_zurich_insurance_group-AR_2007
155
Throughout our organization, employees are embracing an entrepreneurial spirit that encourages them to suggest areas for growth, improvement and innovation. At all times, they follow the precepts of Zurich Basics, our core values from which The Zurich Way was developed. This leads to an immeasurably valuable global exc...
50
annual_report
gb_prudential-AR_2012
585
In 2012, the Group’s IFRS operating profi t based on longer-term investment returns was £2,533 million, an increase of 25 per cent from 2011.
24
annual_report
Sampoplc-AR_2009
1,213
Profit attributable to Owners of the parent 675 Non-controlling interests 0
11
annual_report
5936
1,104
AAC is domiciled in the State of Wisconsin and, as such, it is subject to the insurance laws and regulations of the State of Wisconsin (the “Wisconsin Insurance Laws”) and is regulated by the OCI. Everspan Indemnity Insurance Company ("Everspan Indemnity") and its wholly owned subsidiary, Everspan Insurance Company ("E...
129
10K
1066
368
OFFICE, VEHICLE AND EQUIPMENT RENTAL expense increased $104,000 or 117% primarily due to the acquisition of AHO, the lease of two company vehicles utilized by the sales force at a monthly expense of approximately $1,000 per month compared to no leased vehicles during 1997, as well as the full year effect in 1998 of lea...
168
10K
gb_prudential-AR_2013
2,383
In the US, the Group’s principal subsidiary is Jackson National Life Insurance Company (Jackson). The principal products of Jackson are fixed annuities (interest-sensitive, fixed index and immediate annuities), variable annuities, life insurance and institutional products.
35
annual_report
NatwestGroupPLC-AR_2016
8,253
Finland Koy Lohjan Huonekalutalo BF C/O Nordisk Renting OY, Eteläesplanadi 12, Box 14044, FI-00130 Finland, Helsingfors
16
annual_report
4230
1,342
In connection with the demutualization, we ceased offering domestic participating products. The liabilities for our traditional domestic in force participating products were segregated, together with assets, in a regulatory mechanism referred to as the “Closed Block.” The Closed Block is designed generally to provide f...
267
10K