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5281
2,414
AFG’s management, with participation of its Co-Chief Executive Officers and its Chief Financial Officer, has evaluated AFG’s disclosure controls and procedures (as defined in Exchange Act Rule 13a-15) as of the end of the period covered by this report. Based on that evaluation, AFG’s Co-CEOs and CFO concluded that the ...
90
10K
3713
1,229
In determining the discount rate assumption, the Company utilizes current market information provided by its plan actuaries (particularly the Citigroup Pension Discount Curve Liability Index), including a discounted cash flow analysis of the Company’s pension obligation and general movements in the current market envir...
134
10K
NatwestGroupPLC-AR_2005
1,002
• Group Asset and Liability Management Committee (“GALCO”), is an executive committee which is responsible for reviewing the balance sheet, funding, liquidity, structural foreign exchange, intra-group limits, capital adequacy and capital raising across the Group as well as interest rate risk in the banking book. In add...
59
annual_report
5593
1,460
In addition, CNA has agreed to provide indemnification to third party purchasers for certain losses associated with sold business entities or assets that are not limited by a contractual monetary amount. As of December 31, 2018, CNA had outstanding unlimited indemnifications in connection with the sales of certain of i...
121
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_1999
666
– For the balance sheet and income statement we provide a division of the individual items between our three core business areas (segment reporting). Our core business embraces reinsurance and primary insurance. In both cases we make a further differentiation between life and health insurance on the one hand and proper...
76
annual_report
AvivaPLC-AR_2020
3,578
Bonuses paid during the year are reflected in claims paid, whereas those allocated as part of the bonus declaration are included in the movements in the long-term business liabilities.
29
annual_report
Sampoplc-AR_2015
1,654
Credit risk by definition comprises of default, spread and settlement risks. Default risk refers to losses arising from occurred defaults of contractual counterparties (counterparty risk) or debtors (issuer risk).
29
annual_report
5066
1,309
Many of the factors affecting reserve adequacy are not directly quantifiable and not all future events can be anticipated when reserves are established. Reserve estimates are refined as experience develops. Adjustments to reserves, both positive and negative, are reflected in the consolidated statement of operations in...
54
10K
2763
7,532
For SFAS No. 123 purposes, the "fair value" of $9.66 per option granted in 2005, $8.92 in 2004 and $5.62 in 2003 was calculated using the Black-Scholes option pricing model and the following assumptions: expected dividend yield of 2%; expected volatility of 28% for 2005, 29% for 2004 and 30% for 2003; risk-free interes...
119
10K
NatixisSA-AR_2020
11,165
Average incentive bonus (in thousands of euros) 5.0 (a) 5.6 (b) 5.7
12
annual_report
SwissLifeHoldingAG-AR_2012
1,587
Change in liability for future life policyholder benefits, gross 311 272
11
annual_report
NatixisSA-AR_2007
7,766
Securities are classifi ed according to the purpose of the transaction regardless of their legal form (equities, bonds and notes, treasury bills, certifi cates of deposit, negotiable instruments, money market securities, etc.), based on the following rules, in compliance with CRC 2005-1: trading account securities are ...
103
annual_report
2875
601
Some parameters have been set by the Investment Committee to help manage the risks associated with the investment portfolio. For the insurance subsidiaries, the maximum investment in any single note or bond is limited to 5.0% of statutory assets, other than obligations of the U.S. government or government agencies, for...
211
10K
TrygAS-AR_2018
1,112
Premium provisions at 31 December 5,861 5,559 17 Current tax Net current tax at 1 January -194 -317 Exchange rate adjustments 2 6 Purchase or sale of activity -7 0 Current tax for the year -583 -666 Current tax on equity entries -12 -30 Adjustment of current tax in respect of previous years 37 -32 Tax paid for the year...
62
annual_report
de_allianz-AR_2013
2,303
Significant assumptions In determining the business plans, certain key assumptions were taken in order to project future earnings.
18
annual_report
1562
963
ISSUANCES OF STOCK BY SUBSIDIARIES AND INVESTEES Changes in AFC's equity in a subsidiary or an investee caused by issuances of the subsidiary's or investee's stock are accounted for as gains or losses where such issuance is not a part of a broader reorganization.
44
10K
INGGroepNV-AR_2020
2,721
(‘signatory countries’), including the Netherlands, have signed a multilateral competent authority agreement to automatically exchange information pursuant to CRS. The majority of countries where
24
annual_report
3918
748
Through December 31, 2007, IRC Section 29 had a phase-out provision that was triggered when the “Market Wellhead Price” of domestic crude oil reaches certain “Phase-out Prices,” as determined by the IRS. The IRC Section 29 phase-out percentage for 2007 was 67% and 33% for 2006.
46
10K
StorebrandASA-AR_2012
720
the board of directors has prepared guidelines for how to act in the event of a possible takeover bid for the company. these guidelines are based on the board of directors ensuring the transparency of the process and that all the shareholders are treated equally and given an opportunity to evaluate the bid that has bee...
124
annual_report
3247
1,700
In 2006, $13.4 million of commercial mortgage loans became contractually due. Of these, 11.7% were paid as due and 88.3% were refinanced at prevailing market terms. None were foreclosed or in the process of foreclosure, and none were in the process of refinancing or restructuring discussions.
46
10K
BeazleyPLC-AR_2017
715
These events not only raise donations and awareness for All Hands and Hearts and other charities, but also help strengthen employee engagement.
22
annual_report
5571
3,883
Net investment income: (i) includes earned income on derivatives and amortization of premium on derivatives that are hedges of investments or that are used to replicate certain investments, but do not qualify for hedge accounting treatment, (ii) excludes post-tax adjusted earnings adjustments relating to insurance join...
123
10K
4535
699
In line with its growth strategy, the Company has strengthened its market position through various acquisition transactions. See Note 3 to the Consolidated Financial Statements for additional information.
28
10K
ScorSE-AR_2010
2,548
Loans and receivables include primarily receivables from cash deposits made at the request of ceding companies as collateral for commitments (insurance contract liabilities), short term investments and related accrued interest. Short term investments includes government bonds, certificates of deposit (CDs) and treasury...
79
annual_report
5869
1,026
For more information, see also Item 8. Financial Statements and Supplementary Data, Note 14, Long-Term Debt and Credit Facilities.
19
10K
NatixisSA-AR_2009
7,477
4.3 - Overall interest rate, liquidity and structural foreign exchange risks
11
annual_report
1666
638
Revenues and net income decreased by $123.3 and $40.7 million, or 14.6% and 56.0%, respectively, in 2000 as compared to 1999.
21
10K
INGGroepNV-AR_2016
3,357
For further information, reference is made to Note 51 ‘Other events’.
11
annual_report
5281
2,731
AFG is the investment manager and its subsidiaries have investments ranging from 15.0% to 64.4% of the most subordinate debt tranche of fifteen collateralized loan obligation entities or “CLOs,” which are considered variable interest entities. AFG’s subsidiaries also own portions of the senior debt tranches of certain ...
166
10K
2419
466
Prior to the April of 2004 sale of its individual life and annuity business to Swiss Re Life & Health America Inc. (Swiss Re), CNA had reinsured a portion of this business through coinsurance, yearly renewable term and facultative programs to various reinsurers. As a result of the sale of the individual life and annuit...
77
10K
PosteItalianeSpA-AR_2015
6,868
C.1 OTC financial and credit derivatives: net fair value and future exposures by counterparty
14
annual_report
TopdanmarkAS-AR_2019
873
Customer scoring is used in the private market. The customers are divided into groups according to the expected level of profitability. The customer scoring helps ensure the balance between each customer's price and risk. This intends to ensure that no customer pays too much to cover losses on customers who pay too lit...
53
annual_report
ch_zurich_insurance_group-AR_2013
1,479
Table 4.b in USD millions, as of December 31, 2012Economic interest rate sensitivities for the General Insurance business – prior period
21
annual_report
4921
1,808
At December 31, 2014, the fair value of total assets and liabilities carried at fair value, the fair value of Level 3 assets and liabilities and the percentage of Level 3 assets to our total assets and liabilities that are carried at fair value were as follows:
47
10K
AvivaPLC-AR_2020
707
Financial crime – Programme of employee and customer communication and guidance undertaken in response to use of COVID-19 as a pretext for phishing activity, leading to pension and investment fraud, as well as exaggerated and fraudulent claims.
37
annual_report
3578
1,240
Our on-going commitment to adequate rates and strong underwriting standards affects our willingness to write new business and to renew existing business in the face of this price-based competition. Improvements in loss cost trends have allowed us to reduce rates in certain markets during 2007 and to offer targeted new ...
96
10K
4867
2,051
2014 includes dividends and/or returns of capital of $966 million from international subsidiaries, $578 million from asset management subsidiaries, $444 million from Prudential Annuities Holding Company, of which $342 million was from PALAC, $400 million from Prudential Insurance and $88 million from other subsidiaries...
89
10K
StorebrandASA-AR_2009
1,808
Elimination of internal transactions Internal receivables and payables, internal profits and losses, interest and dividends, etc between group companies are eliminated in the consolidated accounts. Transactions between customer portfolios and the company portfolio in Storebrand Livsforsikring AS and between customer po...
54
annual_report
3354
1,045
In February 2006, the FASB issued SFAS No. 155, "Accounting for Certain Hybrid Financial Instruments - an amendment of FASB Statements No. 133 and 140" ("SFAS 155"). SFAS 155 amends SFAS No. 133, "Accounting for Derivative Instruments and Hedging Activities" ("SFAS 133"), and SFAS 140, "Accounting for Transfers and Ser...
276
10K
3589
1,141
As noted in the preceding discussion, we have operating lease commitments and purchase obligations totaling $108.8 million and $73.1 million, respectively, at December 31, 2007.
25
10K
RaiffeisenBankInternationalAG-AR_2009
603
Retail risk management Risk management of business with retail customers (private individuals and small enterprises) in the previous year focused on collections, loan restructuring, and conducting stress tests. Since comprehensive activities aimed at standardizing risk management criteria, processes, and products for p...
78
annual_report
5374
775
The duration of the Company's investigation and review of these claims and the time necessary to determine an appropriate estimate, if any, of the value of the claim to the Company vary significantly and are dependent upon a number of factors. These factors include, but are not limited to, the cooperation of the policy...
140
10K
1329
510
Pursuant to statutory accounting requirements of the various states in which the Insurance Subsidiaries are licensed, they must defer a portion of premiums earned as an unearned premium reserve for the protection of policyholders and must maintain qualified assets in an amount equal to the statutory requirements. The l...
115
10K
SwissLifeHoldingAG-AR_2012
146
The relevant disclosures of significant shareholdings can be found on the publication platform of the SIX Swiss Exchange’s disclosure office at www.six­exchange­regulation.com/index_en.html, “Obligations” area, “Disclosure of Shareholdings” section and “Significant Shareholders” subsection (www.six­exchange­regulation....
33
annual_report
NatwestGroupPLC-AR_2009
2,388
(3) The net increase in UK Corporate loans reflects transfers of shipping assets from GBM.
15
annual_report
4724
1,078
Future amortization associated with intangible assets recorded as of December 31, 2013 is estimated to be $213.2 million in 2014, $194.0 million in 2015, $166.7 million in 2016, $147.5 million in 2017, $137.2 million in 2018, and $322.8 million for years after 2018.
43
10K
de_allianz-AR_2017
2,268
IFRS 15, Clarification to IFRS 15 Annual periods beginning on or after 1 January 2018
15
annual_report
ScorSE-AR_2012
3,119
Group, such as the costs for Group Internal audit, Group Chief Financial Officer functions (Group Tax, Group Accounting,
18
annual_report
70
553
The Company's $1.4 billion real estate portfolio consists of joint venture and third-party mortgage loans and other real estate-related investments. (See "Real estate-related investments" on page 33.) At December 31, 1994, the Company had $898.6 million of mortgage loans and other real estate-related investments (net o...
58
10K
ASRNederlandNV-AR_2017
63
We will continue to focus on operating in a smarter, more efficient and more cost-effective way. To this end, in 2017 we further simplified our organisation by merging a number of staff departments. To speed up the digital transformation and better anticipate evolving customer needs, we also established the Innovation ...
111
annual_report
100
304
Many states allow recovery of insolvency assessments by a direct offset to premium taxes or a separate policy surcharge. In addition, some states assess prospectively based on current premiums written. Reinsurance-CNA assumes and cedes insurance with other insurers and reinsurers and members of various reinsurance pool...
653
10K
4839
529
Revenues (and revenues per car/unit) in each period include fuel surcharges to customers under programs intended to recover incremental fuel costs when fuel prices exceed threshold fuel prices. Surcharges vary by product/commodity, and therefore amounts earned in a given period are impacted by business mix and volume a...
62
10K
4370
3,884
On March 22, 2010 and April 6, 2010, ILFC issued a combined $1.25 billion aggregate principal amount of 8.625 percent senior notes due September 15, 2015, and $1.5 billion aggregate principal amount of 8.750 percent senior notes due March 15, 2017 in private placements. The notes are due in full on their scheduled matu...
55
10K
INGGroepNV-AR_2007
216
Core Tier-1 23,374 20,058 Hybrid Tier-1 6,397 5,726 Total Tier-1 capital 29,772 25,784 Other capital 11,792 11,445 BIS capital 41,564 37,229 Risk-weighted assets 402,727 337,926 Tier-1 ratio 7.39% 7.63% BIS ratio 10.32% 11.02% Economic Capital and Available Financial Resources EC ING Bank 17,927 15,876 AFR ING Bank 31,...
49
annual_report
3232
616
The mix of business in our insurance segment has evolved over the last three years in response to market conditions and opportunities. We have significantly reduced our participation on aviation and aviation war business since 2004 due to pricing pressures; however, growth in professional lines and political risk busin...
58
10K
DirectLineInsuranceGroupPLC-AR_2017
2,568
The effective interest rate on short-term deposits with credit institutions for the year ended 31 December 2017 was 0.29% (2016: 0.45%) and average maturity was 10 days (2016: 10 days).
30
annual_report
RSAInsuranceGroupPLC-AR_2013
2,927
Shares issued for cash (note 4) 3 5 – – – – 8
13
annual_report
4371
472
If Independence American, Standard Security Life, and Madison National Life had agreed to increase the average percentage ceded to Independence American by 1% (from approximately 20% ceded for the twelve months ended December 31, 2011) and Standard Security Life’s and Madison National Life’s gross written premium had r...
128
10K
AvivaPLC-AR_2014
1,048
• Risk appetites set to limit exposures to key general insurance risks • Extensive use of data, financial models and analysis to improve pricing and risk selection • Underwriting limits linked to delegations of authority that govern underwriting decisions • Product development in management framework that ensures produ...
76
annual_report
4776
1,001
CFO, in addition to actuarial and other services. Hassan Baqar served as our interim CFO under the MSA until April 2, 2012, when he submitted his resignation effective concurrently with the termination of the MSA described in the final paragraph of this section. During the term of the MSA, Mr. Baqar served as a Managin...
116
10K
CNPAssurancesSA-AR_2010
172
We are ideally positioned to observe and understand shifting economic and social trends, such as longer life expectancies and rising social vulnerabilities. Our industry ranking and risk management experience qualify us to innovate in certain markets. This is particularly the case in long-term care, a market in which w...
71
annual_report
3407
640
Our Protection segment increased $27.2 million primarily from growth in the term and universal life insurance in-force blocks and higher lapses in term life insurance in the post-level period. The prior year included favorable adjustments to universal life insurance of $6.0 million due to an unearned revenue adjustment...
85
10K
AegonNV-AR_2007
943
stake in French insurer La Mondiale Participations contributed to the increase.
11
annual_report
3909
833
The following table presents the yields of Infinity’s investment portfolios based on quarterly investment balances as reflected in the financial statements.
21
10K
2031
632
Trenwick's 2001 results also included other catastrophe losses totaling $24 million. The largest of these losses was tropical storm Allison and storms affecting the Midwest United States amounting to $10.5 million and the November 12, 2001 American Airlines crash in Queens, New York of $7.8 million.
46
10K
gb_prudential-AR_2015
4,584
For non-participating business, gross premium reserves are held. For linked business, the value of units is held together with a non-unit reserve calculated in accordance with standard actuarial methodology.
29
annual_report
4281
1,652
Through various quota share, excess of loss and catastrophe reinsurance agreements, the Company limits its exposure to a maximum loss on any one risk. For 2011, the maximum loss exposure is $5.0 million on property, automobile and liability; $2.35 million on workers’ compensation and $2.5 million on umbrella. In 2010 a...
66
10K
5848
645
(1) At December 31, 2020 and 2019, there were 75,000,000 shares of $0.01 par value preferred stock authorized, of which no shares were outstanding. As of the same dates, there were 500,000,000 shares of common stock, $1.00 par value, authorized, of which 304,122,180 and 303,652,553 were issued as of December 31, 2020 a...
80
10K
3295
510
of favorable premium development. Further information on Net Prior Year Development for 2006 and 2005 is included in Note F of the Consolidated Financial Statements included under Item 8.
29
10K
5385
568
Intangible assets that are not deemed to have an indefinite useful life are amortized over their estimated useful lives. The carrying amounts of definite lived intangible assets are regularly reviewed for indicators of impairment in accordance with applicable accounting guidance. Impairment is recognized only if the ca...
106
10K
RSAInsuranceGroupPLC-AR_2017
882
Biographical details for the individuals fulfilling these roles can be found at www.rsagroup.com/thegroupexecutive
13
annual_report
3704
5,256
In our opinion, PMA Capital Corporation and subsidiaries maintained, in all material respects, effective internal control over financial reporting as of December 31, 2008, based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commissio...
44
10K
NatwestGroupPLC-AR_2016
1,993
In line with previous practice, the Economic Profit is considered to be commercially sensitive. Within the Customers category, new metrics are being developed which will target trust and advocacy, specific to customers on a segmental basis, and will be consistent with RBS’s long-term ambition. Further information on th...
58
annual_report
ch_zurich_insurance_group-AR_2013
2,501
New distribution agreements in General Insurance operations in Brazil, to gain access to the mass consumer market, and in Global Life operations in the Middle East, resulted in additions of USD 36 million.
33
annual_report
5037
922
Premiums by Program. The amount of the premiums paid to us may vary substantially between states and among various government programs. The following table sets forth the ranges of premiums paid to our state health plans by program, on a per-member per-month basis for the year ended December 31, 2015. The "Consolidated...
63
10K
5193
908
Other income and expenses not allocated to segments was a net expense of $3.8 million in 2015 compared to $4.9 million in 2014. The decrease in net expense is primarily the result of a $6.0 million gain recorded during the first quarter of 2015 related to the termination of the Company's management services agreement w...
211
10K
3683
708
The Company has entered into collateral arrangements with affiliates, which require the transfer of collateral in connection with secured demand notes. At December 31, 2008 and 2007, the Company had agreed to fund up to $135 million and $60 million, respectively, of cash upon the request by these affiliates and had tra...
90
10K
1804
341
Net cash provided by (used in) investing activities was $(576.4) million, $(712.5) million, and $1,341.8 million in 2001, 2000, and 1999, respectively. Changes in cash provided by investing activities primarily relate to the management of the Company's investment portfolios and the investment of excess capital generate...
90
10K
HannoverRueckSE-AR_2015
1,434
Aviation The significant major losses incurred in aviation reinsurance in 2014 and 2015 have failed to bring about long-term stabilisation of rates. Although rising passenger numbers and fleet values are creating stronger demand for reinsurance in the original market, we anticipate a continued abundant oversupply of in...
81
annual_report
gb_lloyds_banking_grp-AR_2016
4,584
Other regulatory provisions Packaged bank accounts In the year ended 31 December 2016 the Group has provided an additional £280 million in respect of complaints relating to alleged mis-selling of packaged bank accounts raising the total amount provided to £505 million. As at 31 December 2016, £215 million of the provis...
82
annual_report
2734
907
On January 1, 2004, the minority investors of a consolidated entity converted their ownership into 500,000 Series A units in NewQuest, LLC, which had a book value on the date of conversion of $3,572.
34
10K
HiscoxLtd-AR_2018
1,301
value at each balance sheet date. Fair values are obtained from quoted market values and, if these are not available, valuation techniques including option pricing models as appropriate. The method of recognising the resulting gain or loss depends on whether the derivative is designated as a hedging instrument and, if ...
130
annual_report
2999
726
Predicting ultimate loss exposure is predicated on evaluating past experience and adjusting for changes in current development and trends. Our independent actuaries’ work includes two principal steps. First, they use an actuarial technique known as the loss development method to calculate loss development factors for t...
129
10K
4293
2,375
EARNINGS PER SHARE - Earnings per share (EPS) are reported pursuant to FASB Codification 260-10 sections 5, 10, 15, 45, 50, 55, and 60. The objective of both basic EPS and diluted EPS is to measure the performance of an entity over the reporting period. Basic EPS is computed by dividing net income/(loss) attributable t...
136
10K
4698
1,078
DAC represents policy acquisition costs that have been capitalized and are subject to amortization and interest. Capitalized costs include incremental, direct costs of contract acquisition and certain costs related directly to successful acquisition activities. Such costs consist principally of commissions, underwritin...
126
10K
4281
1,318
The net cash flows provided by financing activities for the year ended December 31, 2010 are primarily the result of new borrowings of $145.6 million from the issuance of our convertible senior notes, reduced by the repurchase of common stock for $88.0 million and dividends of $16.6 million.
48
10K
NatixisSA-AR_2020
8,724
COFACE ECUADOR – BRANCH (COFACE EUROPE) (a) Credit insurance and related services EM 42 42 42 42 Ecuador
18
annual_report
4577
688
Given that our business is primarily short tailed (which means that medical claims are generally paid within twelve months of the member receiving service from the provider), the variance to total net incurred medical claims, as reported above, is used to assess the reasonableness of our estimate of ultimate incurred m...
86
10K
fr_axa-AR_2005
399
Absence of any conviction in relation to fraudulent offences, any official public incrimination and/or sanctions, or any responsibility in a bankruptcy for the last 5 years To the best of the Company’s knowledge, none of the members of its Management Board or Supervisory Board has been during the last 5 years (i) subje...
168
annual_report
3540
778
These consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and include the accounts of the Company, Crum & Forster Holding Inc. and their wholly-owned subsidiaries, including United States Fire Insurance Company (“US Fi...
107
10K
1113
435
Pass-throughs and sequential and targeted amortization classes have similar prepayment variability. Pass-throughs have historically provided the best liquidity among mortgage-backed securities and also provide the best price/performance ratio in highly volatile interest rate environments. This type of security is also ...
106
10K
3180
958
Management believes that the provision for outstanding losses and loss expenses will be adequate to cover the ultimate net cost of losses incurred to the balance sheet date, but the provision is necessarily an estimate and may ultimately be settled for a significantly greater or lesser amount. It is at least reasonably...
78
10K
Sampoplc-AR_2002
1,090
Furthermore, the profit or loss corresponding to the share held in the associated company If has been added or deducted in the operating profit. Therefore, the Group operating profit is not equal to the sum of business area operating profits.
40
annual_report
de_allianz-AR_2017
1,914
For further information on the income taxes associated with different components of other comprehensive income, please see note 32.
19
annual_report
4009
2,922
In December 2003, the Medicare Prescription Drug, Improvement and Modernization Act of 2003 became law. The net periodic benefit cost shown above for 2009, 2008 and 2007, respectively, includes the subsidy.
31
10K
SwissLifeHoldingAG-AR_2019
1,593
Disposals of subsidiaries, net of cash and cash equivalents 28 –118 48
12
annual_report
3956
1,664
Below is a summary of fixed maturities at December 31, 2009 and 2008 by contractual or expected periods.
18
10K
gb_prudential-AR_2019
3,324
The Committee approves the termination arrangements of Executive Directors to ensure that there is no reward for failure.
18
annual_report
641
150
However, because of the effects of the matter discussed in the second preceding paragraph, in our opinion, the statutory financial statements referred to above do not present fairly, in conformity with generally accepted accounting principles, the financial position of Sun Life Insurance and Annuity Company of New York...
78
10K
LloydsBankingGroupPLC-AR_2012
1,554
Claire A Davies company secretary 1 March 2013 company number sc95000
11
annual_report