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2837
727
2003. Refinances comprised 52% of our Primary insurance written in 2003 compared to 31% in 2005 and 30% in 2004. These factors caused our Primary insurance written to decline in 2005 and 2004 from levels achieved in 2003.
38
10K
AdmiralGroupPLC-AR_2015
315
So what makes us different? • That all employees of Admiral are shareholders.
13
annual_report
5807
2,843
In connection with the Separation, the Company entered into a tax receivables agreement (the “Tax Receivables Agreement”) with MetLife that provides MetLife with the right to receive as partial consideration for its contribution of assets to BHF future payments from BHF, equal to 86% of the amount of cash savings, if a...
137
10K
1056
765
1, 1999. The telephone system, which includes both PBX and voice mail systems, has been tested by the maintenance provider for that system and the Company has received assurances that the telephone system is Y2K compliant.
36
10K
AvivaPLC-AR_2011
720
United Kingdom The Group has interests in several property limited partnerships. Further details are provided in note 18 to the financial statements.
22
annual_report
AegonNV-AR_2006
2,856
AEGON does not hedge the income streams from the main non-euro units and, as a result, earnings may fl uctuate due to currency translation. As AEGON has signifi cant business segments in the
33
annual_report
AegonNV-AR_2015
4,262
Sources of underwriting risk include policyholder behavior (such as lapses or surrender of policies) and policy claims (such as mortality and morbidity). In general, Aegon is at risk if policy lapses increase as sometimes Aegon is unable to fully recover up front expenses in selling a product despite the presence of co...
87
annual_report
3926
1,554
Potential common stock equivalents representing 909,668 shares for the year ended December 31, 2008 were not included in the computation of diluted net loss per share because of the net loss for the period. Including such shares would have been anti-dilutive. Additionally, potential common stock equivalents representin...
166
10K
PowszechnyZakladUbezpieczenSA-AR_2018
856
5. Performance of work on implementing a functionality enabling online communication with Medical Hotline consultants to book medical services with an extensive network of medical centers.
26
annual_report
5557
2,223
The Company grants performance stock options under the Incentive Plan. These awards are non-qualified stock options with exercise prices equal to the closing price of an AGL common share on the applicable date of grant. These awards vest 35%, 50% or 100%, if the price of AGL's common shares using the highest 40-day ave...
85
10K
NatixisSA-AR_2005
201
NAME OF PERSON FIRST TERM EXPIRES (AGM CALLED MAIN POSITION MAIN POSITION OR COMPANY ELECTED/ TO APPROVE THE FINANCIAL WITHIN THE COMPANY OUTSIDE THE COMPANY
25
annual_report
SwissReAG-AR_2017
2,339
Structure At the grant date, the award amount is split into two underlying components: Restricted Share Units (RSUs) and Performance Share Units (PSUs). A fair market value methodology executed by a third party determines the number of RSUs and PSUs granted.
41
annual_report
fr_axa-AR_2001
1,174
The Asset Management Segment had a growth in revenues of 21.3% (19.7% for Alliance Capital and 34.2% for AXA Investment Managers), which increased in line with growth in assets under management and efforts to shift to higher yielding investments, such as equities.
42
annual_report
4017
1,620
result, the Third Party Recoverables serve to protect the $2.5 billion limit of NICO coverage for the benefit of us. Any amounts uncollectible from third party reinsurers due to dispute or the reinsurers' financial inability to pay are covered by NICO under its agreement with us. Third Party Recoverables are typically ...
85
10K
4215
567
Our results of operations in run-off could also be impacted significantly by recent federal government and private initiatives to limit foreclosures, and provide stability and liquidity in the secondary mortgage market. See the discussion below for further details on these initiatives.
41
10K
4051
3,591
(b)AIG Life Canada was sold in the second quarter of 2009 and Brazil operations were sold in the fourth quarter of 2008.
22
10K
LloydsBankingGroupPLC-AR_2018
2,772
To meet ring-fencing requirements from 1 January 2019, core UK retail financial services and ancillary retail activities have been ring-fenced from other activities of the Group. The Group Risk Management Framework and Group Risk Appetite apply across the Group and are supplemented by risk management frameworks and ris...
147
annual_report
ASRNederlandNV-AR_2019
74
The value creation model shows the flow of this value from the resources or ‘capitals’ a.s.r. consumes in its business to the economic, social or environmental value created (a.s.r.’s approach, output and impact) as a result of its activities. This model is based on the framework developed by the International Integrat...
54
annual_report
3142
1,445
The Company’s insurance subsidiaries are required to file financial statements with state regulatory authorities. The accounting principles used to prepare these statutory financial statements follow prescribed or permitted accounting practices that differ from GAAP. Prescribed statutory accounting principles include s...
99
10K
3160
1,985
During 2006, the Financial Accounting Standards Board (FASB) issued the following pronouncements:
12
10K
5882
523
The Company’s revenues from other insurance operations consist of commissions, fees, investment and other income. Excluding investment and other income, these operations accounted for approximately 6% and 8% of total revenues for the years ended December 31, 2020 and 2019, respectively.
41
10K
HannoverRueckSE-AR_2018
413
United Kingdom, Ireland and London Market The result of the property and casualty business that we reinsure for companies in the United Kingdom and on the London Market was satisfactory in 2018. In general terms, the market climate in the UK was still highly competitive, primarily due to excess capacity.
50
annual_report
2063
303
In addition to these three assumptions on all UL-type products, VUL products and VA products contain an additional assumption that affects the DAC and VOBA amortization. This critical assumption is the rate of growth of the separate account mutual funds that generate additional policy fees utilized in the EGP on VUL an...
177
10K
NatwestGroupPLC-AR_2017
1,446
Improve governance and control environment Franchise and function control environment to meet the required rating within appetite
17
annual_report
TopdanmarkAS-AR_2020
644
Goodwill and development projects under construction are subjected to an impairment test at the end of the year. Goodwill: Goodwill relates primarily to the purchase of non-life insurance companies in 1999.
31
annual_report
BeazleyPLC-AR_2016
210
Service High quality service to brokers and clients has always been an important differentiator for Beazley and is something we monitor closely. We intensified these efforts in 2016 with a large scale survey, to which nearly 2,800 individual brokers around the world responded.
43
annual_report
4676
1,228
Included in losses and loss adjustment expenses for the year ended December 31, 2010 was $19.0 million in favorable loss reserve development on prior accident years within the casualty, professional liability and property lines. Included in losses and loss adjustment expenses was $4.5 million for storm losses for the 2...
79
10K
1886
913
Adopting Codification reduced statutory capital and surplus as of January 1, 2001, by $392 million for the property casualty insurance subsidiaries and $62 million for the life insurance subsidiary.
29
10K
TrygAS-AR_2016
22
2016 was characterised by many initiatives with a focus on customers. To accelerate decision-making processes for the benefit of customers, our organisational structure was changed with more responsibilities and decision-making powers being delegated to the management teams in the individual countries early in the year...
119
annual_report
3986
2,122
Effective December 31, 2009, Sun Life Services and SLOC entered into an administrative services agreement under which Sun Life Services provides to SLOC, as requested, personnel and certain services. Prior to December 31, 2009, the Company had an administrative services agreement with SLOC under which the Company provi...
92
10K
AdmiralGroupPLC-AR_2019
1,472
8 For more information on the Climate Change working group refer to page 97
14
annual_report
ch_zurich_insurance_group-AR_2013
2,427
Amortization of deferred acquisition costs 6,415 6,484 (456) (536) 5,959 5,948 Amortization of deferred origination costs 125 168 – – 125 168 Commissions and other underwriting and acquisition expenses 1 4,323 4,283 (366) (384) 3,957 3,898 Total underwriting and policy acquisition costs 10,863 10,934 (822) (920) 10,041...
59
annual_report
5099
938
The Credit Agreement requires the Company to maintain specified financial covenants measured on a quarterly basis, including minimum consolidated net worth and a maximum debt to capital ratio. In addition, the Credit Agreement contains certain affirmative and negative covenants customary for facilities of this type, in...
102
10K
2335
731
(1) Cumulative Effect of Accounting Changes for 2003 results from the recording in the fourth quarter of 2003 the embedded derivative for Modco reinsurance arrangements resulting from implementation of DIG B36. The 2001 changes relate to the transition adjustment of $(3.6) million recorded in the first quarter of 2001 ...
84
10K
AvivaPLC-AR_2013
2,755
Other investments Unit trusts and other investment vehicles — 28,599 7 28,606 — 25,142 441 25,583 Derivative financial instruments (note 59) 1,058 — — 1,058 1,590 — — 1,590 Deposits with credit institutions — 598 3 601 — 739 — 739 Non-controlling interest in property management undertakings — 796 — 796 — 726 — 726 Othe...
79
annual_report
AdmiralGroupPLC-AR_2013
480
In terms of pricing and claims infl ation, the USA car insurance market is much less volatile than the UK. The nature of USA car insurance claims are two thirds car repairs and only one third bodily injury, the opposite of the UK market. As at March 2014, overall market numbers are not yet available for 2013, but claim...
92
annual_report
SwissLifeHoldingAG-AR_2019
2,082
Debt securities available for sale 87 766 81 242 – – 87 766 81 242
15
annual_report
StorebrandASA-AR_2000
147
Storebrand recently carried out a major interview survey into private individuals’ awareness of their own risk insurance arrangements. The survey showed that many people simply do not know what, if any, insurance they have.
34
annual_report
AdmiralGroupPLC-AR_2007
828
Although the Group had no financial liabilities at 31 December 2007 or 31 December 2006, it currently holds a facility of £30m which allows it to draw down interest bearing borrowings on
32
annual_report
4159
2,046
•Credit spreads are extrapolated based upon transactions of similar asset classes, similar ratings, and similar time to maturity.
18
10K
AvivaPLC-AR_2019
2,260
Gains on transactions between the Group and its associates and joint ventures are eliminated to the extent of the Group’s interest in the associates and joint ventures. Losses are also eliminated, unless the transaction provides evidence of an impairment of the asset transferred between entities.
45
annual_report
PowszechnyZakladUbezpieczenSA-AR_2020
2,594
• lending for use agreements and other agreements to hand over an asset to other entities for gratuitous use, the market value of the subject matter of a legal act is defined as the value of benefits that would be due if a lease or rental agreement was executed instead, for: one year if the asset is to be handed over o...
91
annual_report
4083
1,103
Derivative net gains in the amounts of $606 and $4,732 were reclassified to net investment income during the years ended December 31, 2009 and 2008, respectively while a derivative net loss in the amount of $1,275 was reclassified to net investment income during the year ended December 31, 2007. As of December 31, 2009...
81
10K
fr_axa-AR_2019
1,538
(AXA Tianping) has been fully consolidated as at December 31, 2019, and therefore contributes only to the underlying earnings, adjusted earnings and net income; (iii) the Joint-Ventures in
28
annual_report
2063
470
Certain amounts in prior years have been reclassified to conform with the current year presentation.
15
10K
3648
4,336
At December 31, 2008, there were $57 million of total unrecognized compensation costs related to Performance Share awards. It is expected that these costs will be recognized over a weighted average period of 1.65 years.
35
10K
2996
6,250
We have determined, based on our earnings and future income, that it is more likely than not that the deferred income tax assets after valuation allowance already recorded as of December 31, 2006 and 2005 will be realized. In determining the adequacy of future income, we have considered projected future income, reversa...
67
10K
NNGroupNV-AR_2017
1,597
We have reviewed the Non-Financial Information in the Annual Review 2017 (hereafter: the Non-Financial Information) of NN Group N.V. (hereafter: NN Group) based in Amsterdam and headquartered in The Hague. A review is aimed at obtaining a limited level of assurance.
41
annual_report
HelvetiaHoldingAG-AR_2012
270
The maxim that all runners follow is: all for one – and one for all. “From this perspective, a marathon almost has an ethical component.” Ester Neff ex periences this kind of solidarity from a cohesive community time and again. Especially during mountain ultra-marathons. “78 kilometres and 3,500 metres of ascent, over ...
56
annual_report
RSAInsuranceGroupPLC-AR_2010
2,489
Major components of underwriting result are net earned premiums, other operating income, net claims incurred, acquisition costs and other underwriting costs.
21
annual_report
4460
736
The VOBA asset is adjusted to reflect the impact of unrealized gains and losses on fixed maturity securities available for sale, as described in the Investments section of Note 1.
30
10K
5258
655
We define a “catastrophe” as an event that produces pre-tax losses before reinsurance in excess of $1 million and involves multiple first party policyholders, or a winter weather event that produces a number of claims in excess of a preset, per-event threshold of average claims in a specific area, occurring within a ce...
112
10K
2731
435
Salaries and benefits, excluding non-cash compensation charges for performance-based stock options, were 52 percent of revenues in 2004 compared to 50 percent of revenues in 2003, reflecting increased expenditure on recruitment and retention of staff. We recruited steadily over the preceding two years as the Company gr...
83
10K
HiscoxLtd-AR_2017
54
Insurer for Claims Service by members of ADECOSE, the country’s largest and most influential broker association.
16
annual_report
BaloiseHoldingLtd-AR_2008
43
Everything we do is centered around safety. In this, we deliberately go beyond the role of traditional insurance companies. Because we help ensure that nothing goes wrong in the first place. And if it does, we are right there. Quickly and professionally.
42
annual_report
ch_zurich_insurance_group-AR_2018
2,958
Neither past due nor impaired financial assets 148,159 6,943 8,720 12,629 176,450 Past due but not impaired financial assets Past due by: Past due but not impaired financial assets – 90 – 1,931 2,020
34
annual_report
PosteItalianeSpA-AR_2019
9,124
This level is determined by the weighted average of the residual risk assessments assigned to each company (BancoPosta, PostePay S.p.A., BancoPosta Fondi SGR S.p.A. and Poste Vita
27
annual_report
5124
686
If the Company does not expect to recover the amortized cost basis of a debt security with declines in fair value (even if the Company does not intend to sell the debt security and it is not more likely than not that the Company will be required to sell the debt security), the losses the Company considers to be the cre...
135
10K
de_allianz-AR_2013
3,192
non­controlling interests Those parts of the equity of affiliates which are not owned by companies of the Allianz Group.
19
annual_report
SwissReAG-AR_2013
2,524
other changes in plan assets and benefit obligations recognised in other comprehensive income for the years ended 31 December were as follows: The estimated net loss and prior service cost for the defined benefit pension plans that will be amortised from accumulated other comprehensive income into net periodic benefit ...
100
annual_report
fr_axa-AR_2003
1,599
AXA’s French Property & Casualty operations underwrite construction coverage with a ten-year contract term. In accordance with the French regulations, a specific provision is added to the claims reserves based on methodology established by the French government. This reserve is in addition to each single notified claim...
98
annual_report
PhoenixGroupHoldingsPLC-AR_2013
2,690
During the year ended 31 December 2013, the Company entered into the following transactions with Group entities: £m £m
19
annual_report
1096
158
This Form 10-K includes forward looking statements by the Company under the Private Securities Litigation Reform Act of 1995. These statements are not matters of historical fact; they relate to such topics as future product sales, Year 2000 compliance, volume growth, market share, market risk and financial goals. It is...
87
10K
5634
5,075
Homeowners insurance premiums written totaled $406 million in 2017, a 10.6% decrease from $454 million in 2016. Factors impacting premiums written were the following:
24
10K
NatixisSA-AR_2011
4,961
The fair value of held-to-maturity fi nancial assets totaled €4,224 million at December 31, 2011, compared with €5,125 million at December 31, 2010.
23
annual_report
AegonNV-AR_2018
7,768
Member States. Generally, it would apply to certain dealings in Aegon common shares where at least one party is a financial institution, and at least one party is established in a participating Member State. A financial institution may be, or be deemed to be,
44
annual_report
NatwestGroupPLC-AR_2016
5,452
Union and as applied in accordance with the provisions of the Companies Act 2006; and
15
annual_report
4629
2,639
The following table shows a summary of the structured project finance loans for the years ended December 31, 2012 and 2011:
21
10K
1032
285
Accounting Principles: The Philadelphia Indemnity Insurance Company ("PIIC") and the Philadelphia Insurance Company ("PIC") are domiciled in the Commonwealth of Pennsylvania. PIIC and PIC are required to report to certain regulatory agencies on the basis of Statutory Accounting Practices ("SAP"). The statutory financia...
101
10K
AvivaPLC-AR_2014
4,542
Estimated excess available capital £bn 1 These realistic liabilities include the shareholders' share of accrued bonuses of £(0.2) billion (31 December 2013: £0.1 billion). Realistic liabilities adjusted to eliminate the shareholders' share of accrued bonuses are £33.1 billion (31 December 2013: £33.4 billion). These re...
98
annual_report
ScorSE-AR_2012
637
“Paragraph 20.1.6 - Notes to the financial statements, Note 8 - Derivative assets”) and provide multiyear protection that is not dependent on short-term market fluctuations; - buffer capital, defined as the amount of capital above the required capital having an annual probability of total erosion of 1 in 33 (3%); - con...
65
annual_report
gb_lloyds_banking_grp-AR_2012
768
The Group’s management profit has been affected by our active management of the balance sheet position in response to the low interest rate environment and the reduction in wholesale funding spreads seen in 2012.
34
annual_report
SwissReAG-AR_2010
1,110
Board of Directors Members of the Board of Directors The Board of Directors consisted of the following members as of 31 December 2010: Independence Swiss Re requires a majority of the Board of Directors to be independent. To be considered independent, a director may not be, and may not have been in the past three years...
114
annual_report
AegonNV-AR_2019
5,378
Impairment charges/(reversals)‍ Impairment charges/(reversals) include impairments on available-for-sale debt securities, shares including the effect of deferred policyholder acquisition costs, mortgage loans and other loan portfolios at amortized cost, joint ventures and associates. Impairment reversals include revers...
100
annual_report
3583
1,119
Our insurance subsidiaries employ Regions Bank to act as their independent investment advisor. Regions Bank follows the insurance subsidiaries’ written investment guidelines based upon strategies approved by our insurance subsidiaries’ boards of directors. Our insurance subsidiaries have no investments in common stock ...
161
10K
4153
538
Under reasonably possible scenarios, it is conceivable that the Company’s selected loss reserve estimates could be 10%, or more, redundant or deficient. The majority of the Company’s reserves for losses and loss expenses, on either a gross or a net of reinsurance basis, relates to the fleet transportation product. Perh...
99
10K
2884
1,866
Stockholders' equity increased $200 million during 2005 to $5.3 billion, primarily reflecting:
12
10K
4824
823
We offer our agents a profit-sharing plan as an incentive for them to place high-quality property and casualty insurance business with us. Based on business produced by the agencies in 2013, we estimate property and casualty agencies will receive profit-sharing payments of $19.2 million in 2014.
46
10K
BaloiseHoldingLtd-AR_2010
1,223
The 2010 Financial Report contains the audited 2010 annual financial statements with detailed information. It is available in German and in English. The German version is binding.
27
annual_report
AegonNV-AR_2018
765
In both cases, we will pay regular fees for this service; we expect these contracts, over time, to deliver more than EUR 120 million a year in cost savings.
29
annual_report
4867
1,455
2014 to 2013 Annual Comparison. The table below presents annualized new business premiums on a constant exchange rate basis, by product and distribution channel, for the periods indicated.
28
10K
fr_axa-AR_2000
1,873
in May 1999 (excluded from (d) in the table above). In addition and as a result of the GRE acquisition, AXA
21
annual_report
RaiffeisenBankInternationalAG-AR_2020
1,219
Statement of financial position Since the beginning of the year, RBI’s total assets rose 9 per cent or € 13,759 million to € 165,959 million. In contrast, currency movements against the euro – affected by depreciation pressure on numerous CEE currencies as a result of the crisis, especially the Russian ruble and the Uk...
111
annual_report
AssicurazioniGeneraliSpA-AR_2015
3,571
Generali Private Equity Investments GmbH 094 EUR 500,000 G 9 100.00 Generali Investments Holding S.p.A. 100.00 99.63
17
annual_report
nl_ing_grp-AR_2017
5,236
Year-on-year variance analysis The revised IRRBB measures explain to a large extent the change in NII-at-Risk, foremost the difference in the shock applied. Previous year the earnings sensitivity was calculated based on an instantaneous upward and downward floored scenario of 100bps while as of March 2017, the NII-at-R...
80
annual_report
5688
4,868
Homeowners loss ratio decreased 8.8 points in 2019 compared to 2018, primarily due to lower frequency and higher premiums earned, partially offset by higher claims severity.
26
10K
AvivaPLC-AR_2006
1,125
Charitable donations Aviva has continued to support community initiatives and charitable causes worldwide and the total Group commitment during the year, as measured in accordance with Business in The Community’s PerCent Standard, was £6.3 million (2005: £5.7 million).
38
annual_report
TrygAS-AR_2009
1,685
Transferred to operating equipment 0 0 -1 -1 Additions during the year 0 0 154 154 Disposals during the year 0 0 -15 -15 amortisation and writedowns Balance 1 January 0 0 -193 -193
34
annual_report
4742
755
As shown above, reinsurance had a favorable impact on the Life Marketing segment’s operating income for the periods presented above. The impact of reinsurance is largely due to our quota share coinsurance program in place prior to mid-2005. Under that program, generally 90% of the segment’s traditional new business was...
131
10K
2982
550
based upon currently known facts, reasonable assumptions where the facts are not known, current law and methodologies currently available. Although these outstanding claims are not significant, their existence gives rise to uncertainty and are discussed because of the possibility that they may become significant. We be...
107
10K
5460
1,097
$479 million lower net pre-tax realized gains for PFI excluding the Closed Block division, and excluding the impact of the hedging program associated with certain variable annuities, which is discussed below (see “-Realized Investment Gains and Losses” for additional information).
40
10K
AvivaPLC-AR_2016
9,623
No release to shareholders from the RIEESA was made during 2016.
11
annual_report
Sampoplc-AR_2013
369
Board of Directors' Report 45 Sampo Group 47 Business Areas 47 P&C Insurance 50 Associated Company Nordea Bank AB
19
annual_report
3214
870
business, including pricing and underwriting, claims settlement and customer service. We currently assume a significant portion of non-standard personal automobile insurance premiums for business produced in North Carolina and Texas.
30
10K
5360
1,323
Our statutory basis insurance and HMO subsidiaries are subject to risk-based capital, or RBC, requirements. RBC is a method developed by the NAIC to determine the minimum amount of statutory capital appropriate for an insurance company or HMO to support its overall business operations in consideration of its size and r...
193
10K
2670
2,555
We also provide combined ratios and operating ratios for The PMA Insurance Group on page 38. The “combined ratio” is a measure of property and casualty underwriting performance. The combined ratio computed using GAAP-basis numbers is equal to losses and LAE, plus acquisition expenses, insurance-related operating expens...
105
10K
160
209
Variable life and annuity product fees and policy charges were $18.4 million in 1995, an increase of $0.9 million or 5% from 1994. This increase is due to an additional $0.9 million in fees earned from the increasing block of business under management in the Separate Accounts, an increase of $1.5 million in the collect...
72
10K
3552
1,713
in instances where the Company was in substantive discussions with market participants to transfer the risk in specific CDS contracts, management’s estimate of the fair value of such contracts was largely based on the price discovery it obtained from such discussions,
41
10K
TrygAS-AR_2017
1,131
Specification of change in recognised pension obligations: Recognised pension obligation at 1 January 1,268 1,192 Adjustment regarding plan changes not recognised in the income statement and expected estimate deviation 0 37 Exchange rate adjustments -95 64 Present value of pensions earned during the year 33 18 Capital ...
64
annual_report
4086
1,166
On October 1, 2009, pursuant to an investment agreement between us and FIS dated March 31, 2009 (the “Investment Agreement”), we invested a total of $50.0 million in FIS common stock in connection with a merger between FIS and Metavante Technologies, Inc. Under the terms of the Investment Agreement, we purchased 3,215,...
70
10K