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5187
945
Adjusted income from operations increased in 2014 compared with 2013. This growth was primarily driven by increased specialty contributions, partially offset by lower earnings in our government segment. In addition, results included the impact of higher operating expenses and lower margins in our U.S. commercial group ...
48
10K
AegonNV-AR_2013
2,033
Remuneration Framework (GRF). The GRF, which covers all staff of the Aegon Group, contains the guiding principles to support sound and effective remuneration policies and practices by ensuring consistency in remuneration policies and practices throughout the Aegon Group. The GRF is designed in accordance
44
annual_report
AegonNV-AR_2014
861
�� Earnings from Pensions decreased 28% to EUR 206 million mainly drive by the non-recurring benefit from the wind-up of several contracts and an employee benefit release.
27
annual_report
PosteItalianeSpA-AR_2020
2,788
Participatory organisations with mixed composition (members from Poste Italiane and Labour Unions)
12
annual_report
2206
594
SLNY regularly reviews its bond portfolios relative to any change in specific issuer performance, external and internal ratings, industry conditions, financial ratios and changes in investment value. Such analysis is undertaken to determine that the integrity of SLNY's investments remains sound and to review for other-...
47
10K
1137
240
To position itself for the future, the Employee Benefits segment is focused on putting in place the products, strategies and processes that will strengthen its competitive position in the evolving managed care environment.
33
10K
3936
1,229
The following table presents information regarding our invested assets that were in an unrealized loss position at December 31, 2008 and 2007 by amount of time in a continuous unrealized loss position:
32
10K
AdmiralGroupPLC-AR_2014
669
Finance charges Finance charges of £4.6 million (2013: £nil) represent interest on the £200 million subordinated notes (refer to note 6 to the financial statements for further details).
28
annual_report
SwissReAG-AR_2020
3,339
USD of revenue (120 tonnes CO2e/USDm revenue). We will gradually expand the scope of this metric. Once fully implemented, this will help us steer the overall carbon footprint embedded in our re/insurance businesses. Ultimately, it will support us in reaching net-zero emissions by 2050 on the liability side of our balan...
52
annual_report
3408
677
Management is aware of the potential for variation from the reserves established at any particular point in time. Redundancies or deficiencies could develop in future valuations of the currently established loss and loss expense reserve estimates under a variety of reasonably possible scenarios. The Company’s reserve s...
131
10K
2665
8,049
Allstate is defending various lawsuits involving worker classification issues. These lawsuits include a number of putative class actions and one certified class action challenging the overtime exemption claimed by the Company under the Fair Labor Standards Act or state wage and hour laws. In the one certified class act...
190
10K
388
563
The results of operations for the year ended December 31, 1995 and 1996 include the operations of American Progressive, American Pioneer and WorldNet.
23
10K
TrygAS-AR_2004
19
Financial highlights and key ratios for TrygVesta . . . . . . . . . . . . . . . . . . . . . 42
29
annual_report
5802
1,851
Income taxes paid in our consolidated statements of cash flows are shown net of refunds received. We received refunds of $94 million in 2019, none in 2018 and $18 million in 2017.
32
10K
2129
4,545
The Company uses an asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company's financial statements or tax returns. In estimating future tax consequences, the Company generally considers ...
80
10K
GjensidigeForsikringASA-AR_2010
120
Core capital adequacy > 12 per cent at year-end 2010, the core capital adequacy was 16.1 per cent heAlth cAre services eBita-margin 6-8 per cent eBita-margin of 5.0 per cent in 2010 tArgets
33
annual_report
5944
1,142
Borrowings under the Credit Facilities are, at the option of the Borrower, either alternate base rate (“ABR”) loans or LIBOR loans. Term loans and revolving loans comprising each ABR borrowing under the Term Loan Facility accrue interest at the ABR plus an applicable rate of 5.50% per annum. Term loans and revolving lo...
70
10K
1928
444
The 1996 Incentive Stock Plan (the "1996 Plan") provided for the granting of incentive stock options ("ISOs") and non-qualified stock options ("NQSOs") to employees, directors and consultants of the Company. Under the 1996 Plan there were 5,200,450 shares authorized for issuance. In 2001, the stockholders approved the ...
116
10K
1201
347
Basic earnings per share are computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding. The computation of diluted earnings per share is similar to the computation of basic earnings per share except that the weighted-average number of common shares outs...
71
10K
HannoverRueckSE-AR_2005
436
The difference between financial reinsurance and traditional property/casualty reinsurance principally rests in the nature of the individual client's reinsurance needs: whereas in property and casualty reinsurance the sole concern is the unlimited risk transfer between insurer and reinsurer in the context of a single p...
101
annual_report
2611
1,310
o Data used included 200 and 1,000 (for annuity and life contracts, respectively) stochastically generated investment performance scenarios.
18
10K
3993
1,401
quarterly actuarial analysis as of December 31, 2008 to reflect higher loss development factors than had previously been applied to the reported loss data, which was previously based on the Company’s historical loss experience and industry loss development statistics.
39
10K
AvivaPLC-AR_2011
3,529
Assurances Life conventional non-profit 1.8% to 1.9% 2.8% Pensions conventional non-profit 2.6% 3.5% to 3.7% Annuities Conventional immediate and deferred annuities 2.2% to 4.3% 3.7% to 5.3% Non-unit reserves on Unit Linked business Life 1.8% to 2.2% 3.1%
38
annual_report
gb_lloyds_banking_grp-AR_2012
2,593
Loans and advances to customers impaired loans impaired loans as a % of closing advances impairment provisions1 impairment provisions as a % of impaired loans3 unsecured: impairment provisions (1,957)
29
annual_report
AvivaPLC-AR_2013
3,686
(v) Termination benefits The £80 million of termination benefits recognised during 2013 relate to costs borne by the Company as part of the Group’s transformation programme, which is referred to in note 7 of the Group consolidated financial statements.
39
annual_report
gb_prudential-AR_2005
3,739
basis by aggregating fair values calculated for each entity less costs to sell these entities.
15
annual_report
AegonNV-AR_2018
6,517
To assess the adequacy of the liabilities for insurance contracts and the recoverability of DPAC and VOBA, at each reporting date,
21
annual_report
ScorSE-AR_2008
1,893
Amendment is not expected to result in any material impacts on the Group’s consolidated fi nancial statements.
17
annual_report
RSAInsuranceGroupPLC-AR_2012
1,290
Notes: 1. Alastair Barbour became Chairman of the Committee on 1 June 2012.
13
annual_report
HannoverRueckSE-AR_2000
369
For refinancing purposes we again retroceded sizeable parts of our business. Consolidated net premiums (again including premium deposits) therefore increased to EUR 1,723 million – a rise of 16% compared to the previous year's figure of EUR 1,485 million. The retention rate thus stood at 69% in 2000 (as against 66% in ...
55
annual_report
INGGroepNV-AR_2008
482
Retail Banking Keeping the customer at the heart of our strategy
11
annual_report
NatixisSA-AR_2012
4,469
(a) Natixis has contracted Total Return Swaps (TRS) with BPCE. These instruments are used to hedge changes in the fair value of GAPC instruments carried at fair value through profi t and loss at December 31, 2012 and are included on this line for an amount of €108 million in assets (versus €104 million at December 31, ...
70
annual_report
4057
4,818
Because reinsurers rely on their ceding companies to provide them with information regarding incurred losses, it takes longer for reinsurers to find out about reported claims than for primary insurers and those claims are subject to more unforeseen development and uncertainty. See Note 5 for additional information rega...
56
10K
4412
538
The interest required on net policy liabilities is deducted from net investment income, and generally grows in conjunction with the net policy liabilities that are supported by the invested assets. The lower new-money yields resulting from the low-interest-rate environment noted above have had the effect of compressing...
192
10K
SwissReAG-AR_2005
1,228
News release 28 December Completion of second securitisation of in-force policies of USD 370 million
15
annual_report
HannoverRueckSE-AR_2010
1,790
It is to be expected that the recovery in the global economy will continue in 2011. In this context, the inconsistent picture across regions – moderate growth in the industrial nations, vigorous growth in emerging markets – is likely to remain unchanged. In countries whose economic recovery was not hampered by structur...
91
annual_report
StandardLifeAberdeenPLC-AR_2016
260
Standard Life Investments’ client base by geography, channel, client type and range of funds – supported by innovative solutions and commitment to service excellence
24
annual_report
HiscoxLtd-AR_2020
719
Costas served as President and CEO of PartnerRe Ltd, one of the world’s leading reinsurers, until 2015 and prior to that was a Principal of Tillinghast-Towers Perrin in London, where he led its European non-life practice. A trained actuary, he is a member of the UK Institute and Faculty of Actuaries and a resident of B...
72
annual_report
4095
3,796
Future Policy Benefits-The liability for future policy benefits includes general account liabilities for guarantees on variable annuity contracts, including guaranteed minimum accumulation benefits (“GMAB”),
24
10K
fr_axa-AR_2000
1,988
Net cash used in investing activities was €15.2 billion for the year ended December 31, 2000 (1999: net cash used of €36.7 billion) and related mainly to the following items: • new cash from an increase in new business relating to separate account (unit linked) contracts used to acquire underlying investments to suppor...
76
annual_report
570
307
(8) GAAP underwriting expenses as a percentage of GAAP net premiums earned. Including restructuring and early retirement costs, incurred in the fourth quarter of 1994, the Company's GAAP underwriting expense ratio in 1994 was 32.1%.
35
10K
TopdanmarkAS-AR_2009
476
At 31 December 2009 Topdanmark’s share capital totalled DKK 169,064,930 divided into 16,906,493 shares of DKK 10 each, corresponding to 16,906,493 voting rights.
23
annual_report
HannoverRueckSE-AR_2013
1,400
Uwe Kramp 3 Member of the Supervisory Board (until 3 May 2012)
12
annual_report
gb_lloyds_banking_grp-AR_2012
2,745
core impairment charge as a % of average advances 0.45% 0.60% (15)bp
12
annual_report
ch_zurich_insurance_group-AR_2016
2,188
Policy fees 2,407 2,508 Gross written premiums and policy fees 50,615 50,998
12
annual_report
HelvetiaHoldingAG-AR_2014
1,463
Group increased by 15.9 % from CHF 363.8 million in financial year 2013 to CHF 421.7 million2.
17
annual_report
5147
1,009
Allstate Financial will continue to focus on improving long-term returns on our in-force annuity products and managing the impacts of historically low interest rates. We anticipate a continuation of our asset allocation strategy for long-term immediate annuities to have less reliance on investments whose returns come p...
93
10K
5052
1,548
ACGL is incorporated under the laws of Bermuda and, under current Bermuda law, is not obligated to pay any taxes in Bermuda based upon income or capital gains. The Company has received a written undertaking from the Minister of Finance in Bermuda under the Exempted Undertakings Tax Protection Act 1966 that, in the even...
137
10K
2589
1,037
Guaranteed annuitization benefit liabilities are determined by estimating the expected value of the annuitization benefits in excess of the projected account balance at the date of annuitization and recognizing the excess ratably over the accumulation period based on total expected assessments. The Company regularly ev...
120
10K
1903
672
Retrospective premium adjustments are recognized for certain groups for which actual claims experience differs from that which was anticipated when the related premium rates were established. Financial arrangements vary based upon the group and line of insurance involved. The amount of premium that was subject to retro...
60
10K
SwissReAG-AR_1993
761
- Reinsurance premium: Premium paid to the ->• rein­ surer by the -» insurer for the -*■ risk accepted.
19
annual_report
4502
497
The Preferred segment reported Segment Net Operating Loss of $16.6 million for the year ended December 31, 2011, compared to Segment Net Operating Income of $50.6 million for the same period in 2010. The Preferred segment’s effective income tax rate differs from the federal statutory income tax rate due primarily to ta...
85
10K
4658
1,382
The following table summarizes the pretax impact of the interest rate swap designated as a cash flow hedge on the Consolidated Financial Statements for the following periods:
27
10K
NatixisSA-AR_2020
9,953
Lastly, to mobilize more broadly, Natixis has been organizing training and awareness-raising sessions on sustainable development issues in recent years. This approach will be strengthened in 2021 with the deployment of a mandatory training module for all employees.
38
annual_report
5261
317
Liabilities for fixed account values on variable and fixed deferred annuities and UL and VUL policies are equal to accumulation values, which are the cumulative gross deposits and credited interest less withdrawals and various charges.
35
10K
RSAInsuranceGroupPLC-AR_2007
779
Discontinued operations Loss for the year from discontinued operations 34 (13) (499) Profit/(loss) for the year 628 (20)
18
annual_report
4191
1,405
In addition to the sensitivities discussed above, our more recent books of business in both our U.S. and certain international mortgage insurance businesses have experienced higher losses than our previous book years as a result of the global economic environment. In our U.S. mortgage insurance business, our 2006, 2007...
198
10K
AegonNV-AR_2005
2,595
Changes in foreign currency translation reserve — — — — — 1,515 1,515 Changes in revaluation subsidiaries — — 4 — 152 — 156 Transfer to legal reserve — — (60) — 60 — —
35
annual_report
3866
1,760
There are no amounts in our FIN 48 liability that would change the effective tax rate if recognized. Although no penalties currently are accrued, if incurred, they would be recognized as a component of income tax expense. Accrued interest expense is recognized as other operating expense in the consolidated statements o...
52
10K
4424
2,079
A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. At December 31, 2011, our total Level III assets were approximately 4.9% of total assets measured at fair value and total Level III liabilities accounted for 100% o...
60
10K
ScorSE-AR_2013
479
January 2016, but there could be further delays. The published Solvency II Directive will be amended by the Omnibus II
20
annual_report
LloydsBankingGroupPLC-AR_2012
1,770
in my previous statements i have highlighted the importance of our long-Term incentive Plan in aligning our reward strategy to the performance of the business. Through the application of carefully considered, stretching target measures, we are able to ensure that awards are forfeited or restricted where performance doe...
111
annual_report
NatwestGroupPLC-AR_2019
1,616
The Risk management performance across the RBS Group is improving, but the Group as a whole, and also NWH Group, had not attained the required target.
26
annual_report
SwissReAG-AR_2020
6,230
Swiss Re’s corporate governance documents Swiss Re’s Code of Conduct provides key principles that guide Swiss Re in making responsible decisions and achieving results using the highest ethical standards. It is built on the five Swiss Re values: integrity, team spirit, passion to perform, agility and client centricity (...
54
annual_report
3455
1,552
•inter-segment revenue and expense relating to services performed by the Senior Administrative Services segment for our other segments, and
19
10K
1089
890
Including cash and investments on hand and the unused availability under a bank line of credit, AAG and AAG Holding had nearly $270 million of liquidity at March 1, 1999. The September 1998 sale of its Funeral Services Division netted approximately $165 million in cash ($145 million after-tax). The majority of the proc...
82
10K
3893
1,071
On January 1, 2008, we adopted FAS157. FAS 157 provides a revised definition of fair value, establishes a framework for measuring fair value and expands financial statement disclosure requirements for fair value information. Under FAS 157, fair value is defined as the price that would be received to sell an asset or pa...
132
10K
585
522
We regularly evaluate all our CTLs, mortgage loans and other investments based on current economic conditions, credit loss experience and other investee-specific developments. If there is a decline in a security's net realizable value that is other than temporary, we treat it as a realized loss and we reduce our cost b...
115
10K
469
537
CapMAC has agreed to make an investment of 50 million French Francs (approximately 10 million U.S. dollars) in CapMAC Assurance, S.A., an insurance subsidiary to be established in Paris, France. This investment is anticipated to be made in 1997.
39
10K
4517
1,507
redemption) discounted to the date of redemption on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable treasury rate plus 30 basis points
29
10K
5930
812
For the years ended December 31, 2020, 2019 and 2018 89
11
10K
4883
5,237
The Company invests in certain affordable housing and real estate joint ventures which are considered to be variable interest entities (VIEs) and are included in Real Estate in the Consolidated Balance Sheets. The assets held in affordable housing real estate joint venture VIEs are primarily residential real estate pro...
277
10K
2622
1,120
Reinstatement premiums are recognized at the time a loss event occurs where coverage limits for the remaining life of the contract are reinstated under pre-defined contract terms and are earned on a pro-rata basis over the remaining risk period.
39
10K
PhoenixGroupHoldingsPLC-AR_2013
1,139
Advice The Remuneration Committee received independent remuneration advice during the year from its appointed adviser, FIT Remuneration Consultants LLP (‘FIT’). FIT is a member of the Remuneration Consultants Group (the professional body for consultants) and adheres to its code of conduct. This appointment was made by ...
109
annual_report
1279
155
At December 31, 1999, Gallagher has contingently committed to invest an additional $7.2 million related to two letter of credit arrangements with one of its equity investments. In addition, Gallagher has guaranteed an aggregate $14.6 million of funds through letters of credit or other arrangements related to several in...
54
10K
3549
1,821
Mexico by $12 million, net of income tax, due to an increase in amortization of DAC resulting from management’s update of assumptions used to determine estimated gross margins in both years, higher operating expenses from the pension business, the net impact of an adjustment to the liability for experience refunds on a...
221
10K
HiscoxLtd-AR_2011
510
Bonus above £50,000 and below £100,000 Bonus above €75,000 and below €150,000 Bonus above $100,000 and below $200,000 $100,000 taken in year one Balance of bonus split 50% in year two, and 50% in year three
36
annual_report
5602
2,086
· Allocation of fees between the embedded derivative and host contract
11
10K
NatwestGroupPLC-AR_2014
2,279
Holdings N.V. and its banking subsidiary was renamed The Royal Bank of Scotland N.V. (“RBS N.V.”).
16
annual_report
AegonNV-AR_2012
4,242
Net income / (loss) attributable to common shareholders for diluted earnings per share calculation 1,316 (117) 1,482
17
annual_report
ch_zurich_insurance_group-AR_2012
1,382
The Group’s largest mortgage loan portfolios are in Germany (USD 4.8 billion) and in Switzerland (USD 4.1 billion); these are predominantly secured against residential property. In Switzerland, the underlying properties of individual loans are revalued every 10 years. In Germany, the property valuation is not generally...
87
annual_report
ch_zurich_insurance_group-AR_2015
2,497
Actual income tax expense attributable to shareholders 36.6% 1,183 27.0% 1,564 plus: income tax expense/(benefit) attributable to policyholders 110 106 Actual income tax expense 38.7% 1,294 28.3% 1,670
28
annual_report
3173
7,485
Specific action steps we are taking to implement our business strategies are set forth below.
15
10K
NatwestGroupPLC-AR_2014
4,966
(excl NI (2)) (ROI and NI (2)) (other) US RoW (2) Total
12
annual_report
4247
2,178
Net investment income is based upon the actual results of each segment’s specifically identifiable asset portfolio adjusted for allocated equity. Other costs are allocated to each of the segments based upon: (i) a review of the nature of such costs; (ii) time studies analyzing the amount of employee compensation costs ...
64
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2015
385
Other performance indicators Value added We use value added as a component of economic earnings for corporate management in property-casualty reinsurance and for Munich Health. The respective value added (adjusted for random fluctuation) is determined as follows: The adjusted result is derived from the income statement...
101
annual_report
LloydsBankingGroupPLC-AR_2015
1,494
The Group has continued to embed the revised methodology for calculating the risk-adjusted bonus outcome implemented in 2014. The Committee believes it is important that all colleagues are rewarded in a way that recognises the very highest of expectations in respect of conduct and customer treatment and the links betwe...
150
annual_report
StorebrandASA-AR_2015
429
The Norwegian business is prioritising the build-up of buffers and reserves instead of profit sharing between customers and owners. Allocations have been made for the estimated future direct use of equity and the risk equalisation reserve related to longevity reserve strengthening at the end of 2015. This gives an over...
103
annual_report
fr_axa-AR_2009
11,754
The Chairman of the Board of Directors shall determine the terms and conditions for the appointment of authorized representatives of employee shareholders at the Ordinary
25
annual_report
172
196
As a percentage of premium, insurance operating income has remained constant in both 1995 and 1994 over the prior period. Excluding American Income, insurance margins have remained stable with a slight increase in policy obligations offset by lower amortization of acquisition costs. A major factor in maintaining stable...
52
10K
3247
1,802
(IN THOUSANDS) 2006 2005 --------- --------- DEFERRED ASSETS Life and annuity reserves $ 67,529 $ 80,180 Other assets 1,924 1,376 --------- --------- Total deferred assets 69,453 81,556 --------- --------- DEFERRED LIABILITIES Deferred policy acquisition costs (59,986) (78,316) Unrealized net capital gains (42,020) (69...
73
10K
4182
1,465
The Company's use of Level 3 unobservable inputs included 5 securities that accounted for 1.6% of total investments at December 31, 2010 and 19 securities that accounted for 3.8% of total investments at December 31, 2009.
36
10K
5319
3,040
Unless otherwise described below, awards under the Equity Plans include the following terms:
13
10K
4408
1,773
The Consolidated Financial Statements include the accounts of Cigna Corporation and its significant subsidiaries. Intercompany transactions and accounts have been eliminated in consolidation.
23
10K
NatwestGroupPLC-AR_2015
1,436
“we believe the focus on culture and encouraging good behaviours will, in time, make a significant contribution to driving sustainable returns”
21
annual_report
PhoenixGroupHoldingsPLC-AR_2014
642
This section includes mandatory reporting of greenhouse gas (‘GHG’) emissions pursuant to the Companies Act 2006 (Strategic Report and Directors’ Reports) Regulations 2013. Emissions disclosed relate to properties within Phoenix Group’s portfolios and properties occupied by Phoenix Group companies, as reported in our c...
64
annual_report
PowszechnyZakladUbezpieczenSA-AR_2012
1,464
Partners providing PZU Życie with reinsurance coverage were: RGA, Gen Re, Arch Re and Lloyd‟s. Reinsurance partners of PZU Życie have high S&P‟s ratings, which ensure good financial positions of the Company‟s reinsurers.
33
annual_report
TrygAS-AR_2006
1,362
The secondary, geographic segments relates to Denmark, Norway, Finland and Sweeden.
11
annual_report
PosteItalianeSpA-AR_2016
5,795
Available-for-sale financial assets are initially recognised on the settlement date at fair value which is generally the price paid. Any changes in fair value occurring between the trade and settlement dates are recognised in the Separate Report. If, exceptionally, recognition is the result of the reclassification of H...
85
annual_report
gb_prudential-AR_2007
1,368
Philip Broadley Restricted Share Plan 2004 210,713 –1 31 Dec 06
11
annual_report