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747
406
The effective tax rate was 18.4% for the year ended December 31, 1995. The effective rate of the tax benefit for 1996 is 46.8%. The primary reason for the variance from the corporate income tax rate of 34% is tax advantage income received on a portion of the Company's investment portfolio.
51
10K
3988
344
Net Investment Income for the years ended December 31, 2009 and 2008 was $1,793,000 and $1,622,000, respectively. There were no other than temporary impairments recorded during the years ended December 31, 2009 and 2008. The $171,000 increase in total investment income is primarily due to interest income received from ...
85
10K
NatixisSA-AR_2018
10,313
At December 31, 2018, in accordance with the above-mentioned Article, Natixis hereby reports that it has: in the Marshal Islands, €63 million in outstanding financing (neta of provisions) and €2 million in financial commitments given; in Panama, €106 million in outstanding financing (net ofa provisions).
45
annual_report
2742
758
In the wake of Hurricanes Katrina and Rita, we have filed or will soon file for personal property rate increases with the departments of insurance in Texas and Louisiana. These rate increases will address higher modeled catastrophe losses as well as higher reinsurance costs associated with catastrophe-prone areas, incl...
143
10K
Sampoplc-AR_2016
1,091
However, in this Risk Management Disclosure, If P&C’s and Mandatum Life’s risk figures are disclosed first, as they are managed separately within Sampo Group. After these sub-group level figures, the figures on conglomerate solvency reporting at Sampo Group Level are disclosed. Because conglomerate reporting does not t...
85
annual_report
NatixisSA-AR_2019
5,727
which is the sum, discounted for each projection year, of the product of the EAD, PD and LGD parameters: EAD(t) (Exposure At Default): the amount of loss that the institutionV may be exposed to on the loan in question during year t, including accelerated amortization and credit conversion factors where necessary; PD(t)...
92
annual_report
NatixisSA-AR_2010
7,974
CAPEB Confédération de l’artisanat et des petites entreprises du bâtiment/Confederation of artisans and small companies in the building sector
19
annual_report
5331
704
inactive programs that were non-renewed in 2015 and early in 2016.
11
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006
967
Despite a decline in premium income, our primary insurers achieved very good results thanks to continued positive underwriting and good investment returns. Nevertheless, a comparison with the previous year’s results is difficult because of three significant effects. – Firstly, the changes in the consolidated group: our...
75
annual_report
3260
772
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the effectiveness of the Company’s internal control over financial reporting as of December 31, 2006, based on the criteria established in Internal Control - Integrated Framework issued by the Commit...
81
10K
4600
1,879
effect of a single reserving factor and construct a meaningful sensitivity expectation. Actual results will likely vary from expectations for each of these assumptions, resulting in an ultimate claim liability that is different from that being estimated currently.
38
10K
4424
1,421
Provision for Losses. The provision for losses decreased during 2011 compared to 2010, primarily due to decreases in both our mortgage insurance and financial guaranty provision for losses. See “Results of Operations-Mortgage Insurance-Year Ended December 31, 2011 Compared to Year Ended December 31, 2010-Provision for ...
68
10K
NatwestGroupPLC-AR_2010
4,659
In 2010, the company converted certain non-cumulative convertible preference shares into ordinary shares in the company. As a result, HM Treasury’s holding in the company’s ordinary shares reduced to 67.8%.
30
annual_report
AegonNV-AR_2004
2,461
Reinsurance premiums, commissions and claims settlements, as well as technical provisions relating to reinsurance, are accounted for in the same way as the original contracts for which the reinsurance was concluded. Reinsurers’ share in technical provisions resulting from reinsurance agreements are deducted from the li...
79
annual_report
2733
710
The following table presents the carrying amounts and estimated fair values of the Company's financial instruments at December 31, 2005 and 2004. Fair values have been determined by using available market information and the valuation methodologies described below. Considerable judgment is often required in interpretin...
95
10K
SwissReAG-AR_2020
5,799
Swiss real estate portfolio In Australia and the UK, the investment managers’ approach to sustainability includes the National Australian Built Environment Rating System (NABERS) and the BREEAM certification framework, respectively.
30
annual_report
StorebrandASA-AR_2010
406
Previous positions: 1998-2004 SVP Group Finance Statoil ASA • 1985-1998 Various positions in DnB ASA: Head of Oil & Gas Business Unit, Head of Industry Section Corporate Division, Head of Industry & International Financial Institutions Section Corporate Division, General Manager Singapore Branch with responsibility for...
50
annual_report
NatwestGroupPLC-AR_2017
2,987
The CRE portfolio comprises exposures to entities involved in the development of, or investment in, commercial and residential properties (including house builders but excluding housing associations, construction and building materials).
30
annual_report
NatwestGroupPLC-AR_2014
7,188
Notes: (1) Level 3 structured issued debt securities of £1.2 billion are not included in the table above as valuation is consistent with the valuation of the embedded derivative component. (2) Price and yield: There may be a range of price based information used to value an instrument. This may be a direct comparison o...
139
annual_report
5755
1,137
On November 16, 2018, in connection with the Merger, the Company paid CM Bermuda $164 million to redeem certain common shares. See Note 3 "Significant Transactions" in Sirius Group's audited financial statements included elsewhere in this Annual Report on Form 10-K for a more detailed discussion.
46
10K
2906
1,464
Operating expenses for the year 2005 were $655 thousand, or 1.8%, higher than the operating expenses for the year 2004. This increase is due to the normal inflationary effect of higher operational costs. The expense ratio decreased by 0.3 percentage points during the year 2005.
45
10K
2915
905
Consolidated income tax returns for fiscal years 2003 and 2004 are currently being examined by the Internal Revenue Service. We do not believe any adjustments that may result from the examination will have a significant impact on our consolidated financial statement position or results of operations.
46
10K
ScorSE-AR_2010
654
In Scandinavia, the Juvenile Guideline, launched by Sweden Re in Sweden and Norway confirmed its successful appropriation in the market with now no less than 10 clients using it.
29
annual_report
INGGroepNV-AR_2007
2,936
In 2007, ING Insurance has introduced ECAPS as an intranet-based Economic Capital reporting system utilising replicating portfolio techniques. The ECAPS system provides a well controlled and automated basis for Economic Capital and risk measurement. Each business unit enters the risk characteristics of its assets and l...
111
annual_report
3154
776
Treasury stock issued under the Company’s performance stock award plan amounted to $1,978 and $1,155 for 2006 and 2005, respectively.
20
10K
StorebrandASA-AR_2007
2,004
Subordinated loan 2003-2013, call 2008 NOK 3 months NIBOR + 2.25% 54.5 100.0 100.0
14
annual_report
5276
1,340
An important and distinguishing feature of many of these contracts, though, is our contractual right, subsequent to payment of a claim to our insured, to be subrogated to, or otherwise have an interest in, the insured’s rights of recovery under an insured loan or facility agreement. These estimated recoveries are recor...
193
10K
3866
1,869
The current sources of dilution of our common shares are certain equity-based awards as discussed in Note 17 Stock-Based Associated Compensation Plans, Page 117. The above table shows the number of anti-dilutive options shares at year-end 2008, 2007 and 2006. We did not include these options in the computation of net i...
64
10K
2739
283
Shown below is a progression of the Company's policyholder deposit activity for the year ended December 31, 2005.
18
10K
3363
616
Deferred revenue consists of deferred technology licensing implementation fees as well as amounts collected from sponsorship or technology licensing customers in advance of our performing our service for such customers. We also defer amounts that have been reported to us related to transactions where our services are c...
214
10K
SwissReAG-AR_2009
362
Swiss Re Group CO2 emissions per employee (FTE)1 2003 2008 2009 Change from base year 2003 in %kg/FTE kg/FTE kg/FTE
20
annual_report
nl_ing_grp-AR_2014
1,525
For an overview of loans granted to members of the Supervisory Board, see page 96.
15
annual_report
4815
2,376
In 2008, the IRS issued a revenue ruling (the “2008 Revenue Ruling”) expressing that position that premiums covering U.S. risks paid by a foreign insurer or reinsurer to another foreign reinsurer are subject to a 1% insurance federal excise tax (“FET”). In essence, pursuant to the views expressed in the 2008 Revenue Ru...
258
10K
Sampoplc-AR_2015
761
On 6 November 2015 Sampo's Group CEO and President Kari Stadigh sold 54,390 Sampo A shares.
16
annual_report
gb_prudential-AR_2006
1,371
As the investment return on the separate account assets is attributed directly to the contractholders, Jackson’s profit arises from the fees charged on the contracts, less the expenses incurred, which include the costs of guarantees.
35
annual_report
4897
763
In Tokyo, Japan, Aflac has two primary campuses. The first campus includes a building, owned by Aflac, for the customer call center, information technology departments, and training facility. It also includes a leased property, which houses our policy administration and customer service departments. The second campus c...
83
10K
GjensidigeForsikringASA-AR_2012
733
The gender distribution in Gjensidige Forsikring Norway at the end of 2012 was 53.5 per cent men and 46.5 per cent women. The corresponding figures for the Group were 47.3 per cent women and 52.7 per cent men. The proportion of women increased slightly in relation to 2011 (46.0 per cent women). In 2012, 211 new employe...
124
annual_report
TrygAS-AR_2006
1,710
Income statement and balance sheet for TrygVesta / TrygVesta Annual Report 2006 / Page 128 of 147
17
annual_report
3445
1,434
The Company's investment portfolio includes non-publicly traded investments, such as venture capital investments (as discussed below), private equity limited partnerships, joint ventures, other limited partnerships, certain fixed income and equity securities, and stock purchase warrants of a publicly-traded company. Th...
88
10K
3211
1,012
by unfavorable changes in the credit ratings associated with these securities. We evaluate impairment at each reporting period for each of the securities where the fair value of the investment is less than its cost. The contractual cash flows of the U.S. Government and Agency obligations are either guaranteed by the U....
109
10K
fr_axa-AR_2018
6,824
Shareholders’ equity, before net income for the period and aft er the payment of the dividends relating to the prior fiscal year, stood at €40,274 million, i.e. an increase of €954 million, of which €1,016 million due to the merger premium with AXA France Assurance, €329 million for the capital increase reserved for em...
76
annual_report
5052
909
Reinsurance premiums written include amounts reported by brokers and ceding companies, supplemented by our own estimates of premiums where reports have not been received. The determination of premium estimates requires a review of our experience with the ceding companies, familiarity with each market, the timing of the...
356
10K
AegonNV-AR_2010
4,505
The shares repurchased by AEGON, although included in the issued and outstanding number of shares, are excluded from the calculation of the weighted average number of shares.
27
annual_report
NatixisSA-AR_2008
2,313
Finally, Coface participates in discussion groups which seek to obtain preferable fi nancing terms for renewable energy projects and other energy effi ciency measures.
24
annual_report
2163
1,160
Operating gain increased $67.1 million, or 30%, to $290.0 million in 2003, primarily due to improved underwriting results in our Local Large Group and Small Group businesses. Operating gain increases were partially offset by a $10.0 million contribution to Anthem’s charitable foundation during 2003.
44
10K
1107
813
As a result of the Company's announcement of its decision to sell the Career Sales Division, KIVEX, Professional, United Life, UC, Cyberlink and Marketing One within a period not likely to exceed one year, the assets and liabilities of the Career Sales Division, KIVEX, Professional, United Life, UC, Cyberlink and Marke...
103
10K
HannoverRueckSE-AR_2010
3,683
Embedded Value (EEV). In particular, the market-consistent calculation method is intended to bring about better comparability. The MCEV is established using risk-neutral assumptions in relation to the expected investment income and the discounting approach. In addition, the swap curve is adopted as a risk-neutral inter...
47
annual_report
325
2,894
FIXED MATURITIES BY CREDIT QUALITY - ----------------------------------------------------------------- 1996 1995 - ----------------------------------------------------------------- FAIR FAIR CREDIT QUALITY VALUE PERCENT VALUE PERCENT - -----------------------------------------------------------------
21
10K
NatwestGroupPLC-AR_2020
3,916
Its quantitative appetite is expressed in terms of value-at-risk (VaR), stressed value-at-risk (SVaR), sensitivity and stress limits, and earnings-at-risk limits.
20
annual_report
RSAInsuranceGroupPLC-AR_2018
1,667
The Committee is alert to the importance of monitoring and assessing internal pay relativities, and takes these into account when determining Executive Director remuneration. The ratios shown on page 79 are calculated on the required basis and so refl ect the range of job roles in our UK-based business.
49
annual_report
4247
624
Investments are purchased to support our insurance liabilities and not to generate net investment gains and losses. However, net investment gains and losses are generated and can change significantly from period to period, due to changes in external influences including movements in interest rates, foreign currencies, ...
110
10K
ASRNederlandNV-AR_2010
1,091
The property is primarily diversified over the rural, residential, office and retail sectors in the Netherlands.
16
annual_report
ScorSE-AR_2009
3,331
The following table presents the gross cash compensation paid in 2008 and 2009 to the Group Chairman & CEO: Chairman and CEO
22
annual_report
5018
2,153
Income taxes have been provided in accordance with the provisions of FASB ASC Topic Income Taxes. Deferred tax assets and liabilities result from temporary differences between the amounts recorded in our consolidated financial statements and the tax basis of our assets and liabilities. Such temporary differences are pr...
130
10K
TrygAS-AR_2010
1,930
Members of the Supervisory Board of Tryg A/S do not receive bonuses and are not participants in any severance plans.
20
annual_report
195
215
This Financial Review should be read in conjunction with the accompanying Consolidated Financial Statements and notes thereto.
17
10K
5833
1,302
We sponsor a defined contribution plan for the benefit of our employees. The expense associated with this plan was approximately $10.0 million, $8.9 million, and $8.4 million in 2020, 2019, and 2018, respectively.
33
10K
NatixisSA-AR_2007
7,457
Chase). At December 31, 2007, none of these vehicles was consolidated as the group does not have control and because they are not exposed to most risks and advantages related to securitized assets.
33
annual_report
2405
1,135
Agency operations generated pre-tax income, before corporate overhead, of $8.9 million for the year ended December 31, 2004, compared to $6.9 million for the comparable period in 2003. The improvement in the pre-tax margin is primarily attributable to the overall increase in revenue.
43
10K
de_allianz-AR_2007
507
The unappropriated retained earnings result from the individual financial statements set up according to the German commercial code (“HGB”) of Allianz SE.
22
annual_report
AvivaPLC-AR_2011
651
Market and competition We believe that the fundamentals of the Asian markets are attractive and that strong domestic demand and intra-regional trade are likely to sustain the region’s growth. We expect Asia to be the fastest growing region for life insurance globally over the next decade with strong double-digit growth...
168
annual_report
gb_prudential-AR_2013
4,512
Total revenue, net of reinsurance 55,476 52 (1,090) – 54,438 Benefits and claims and movement in unallocated surplus of with-profits funds, net of reinsurance (45,953) – 715 94 (45,144) Acquisition costs and other expenditure (6,335) (52) 220 (145) (6,312) Share of profit from joint ventures and associates, net of rela...
56
annual_report
4944
1,388
The actual income tax expense differs from the "expected" income tax expense (computed by applying the combined applicable effective federal and state tax rates to income before provision for income tax expense as follows).
34
10K
LloydsBankingGroupPLC-AR_2018
1,624
Instructions have been given to all those who produce Board papers to avoid repetition between presentations and briefing papers. Bespoke training has also been provided by the Company Secretary.
29
annual_report
PowszechnyZakladUbezpieczenSA-AR_2011
169
16 Ipsilon Bis SA Warsaw 02.09.2011 100.00% N/A 100.00% N/A The Company does not conduct activities.
16
annual_report
5226
809
Depreciation on property and equipment, including property under capital leases and amortization of leasehold improvements, was $14,729,000, $17,715,000, and $16,606,000 for the years ended December 31, 2016, 2015, and 2014, respectively.
31
10K
NatixisSA-AR_2008
7,700
LOOMIS SAYLES ENERGY HEDGE FUND II, LP (1) (7) Asset Management 0 0 89 89 United States
17
annual_report
3283
849
In September 2005, the American Institute of Certified Public Accountants (“AICPA”) released Statement of Position 05-1, Accounting by Insurance Enterprises for Deferred Acquisition Costs in Connection with Modifications or Exchanges of Insurance Contracts (“SOP 05-1”). SOP 05-1 requires identification of transactions ...
58
10K
AegonNV-AR_2008
881
AEGON conducts its funding and capital management processes at various levels within the organization, coordinated by Group Treasury, under the remit of the
23
annual_report
GjensidigeForsikringASA-AR_2014
109
Outlook and priorities Continuous work is being done in the Private segment on measures aimed at retaining customers and improving the quality of all customer processes. Improved availability, simplification of products and processes, and a higher proportion of self-service are prioritised in order to support the Group...
53
annual_report
3782
1,569
No impairment of the Company’s goodwill or intangible assets was noted following the annual impairment review for the years ended December 31, 2008 and 2007. The Company expects the amortization of the intangible assets with finite lives to approximate $10.4 million for years 2009 to 2011, $9.6 million for 2012, $6.3 m...
61
10K
1980
9,902
In the normal course of business, GAFRI's insurance subsidiaries cede reinsurance to other companies under various coinsurance agreements to diversify risk, limit maximum exposure and provide a source of additional capital and liquidity. Under these agreements, GAFRI pays to the reinsurer a proportionate share of the p...
71
10K
4029
1,129
yield of a portfolio of high-quality corporate bonds with durations that are similar to the expected distributions from the employee benefit plan.
22
10K
fr_axa-AR_2014
8,015
During the fourth quarter of 2012 a lawsuit was fi led against
12
annual_report
2013
787
Amortization of DAC decreased by $2 million for the year ended December 31, 2001 as compared to the same period in 2000. Both years experienced significant cumulative adjustments to amortization as a result of unfavorable changes in estimated future gross profit assumptions used to calculate amortization of DAC.
48
10K
2317
829
The Company also has obligations with respect to its pension, postretirement and other benefit plans. See Note 13 to the Consolidated Financial Statements.
23
10K
358
450
Prior to 1984, life insurance companies were permitted to defer from taxation a portion of statutory income. At December 31, 1983, the Company had accumulated approximately $3,300,000 of this deferred income in what is referred to as its policyholders' surplus account. This amount was frozen under the Deficit Reduction...
134
10K
RSAInsuranceGroupPLC-AR_2017
125
• RSA is continuously investing in the technological agenda, including Telematics, pricing sophistication, claims automation and digitisation of distribution and customer service.
22
annual_report
NatwestGroupPLC-AR_2014
4,973
Ireland, 22% in the UK, 10% in Western Europe and 1% in the US
14
annual_report
StorebrandASA-AR_2020
1,425
Transition risks can also lead to reduced economic growth, lower investment returns and increased insurance liabilities as a result of lower interest rates. The Norwegian economy is particularly vulnerable to developments in oil prices and activity in the oil and oil services sector. Overall, the transition risk is gre...
83
annual_report
5944
1,008
The Company reviews long-lived assets, primarily property, equipment, and capitalized software, net, and definite-lived intangible assets, for impairment when facts or circumstances indicate the carrying amount of an asset or asset group may not be recoverable. If impairment indicators are present and the estimated fut...
84
10K
PosteItalianeSpA-AR_2019
2,337
• Transformation of customer service • Customer protection and satisfaction • Data protection and adequate
15
annual_report
1341
315
1999 1998 (Amounts in thousands) -------- -------- Cash.............................. $ 13,557 $ 4,768 Certificates of deposit........... 2,571 3,717 Commercial paper.................. 22,134 9,632 Money market funds................ 28,712 20,421 Repurchase agreements............. 149 1,985 U.S. Gover...
42
10K
3781
1,757
The Company organized O.R.E Holdings Limited (“ORE”), a corporation domiciled in Mauritius, on December 30, 2003 to act as a holding company for various investments in India. On January 29, 2004, ORE was capitalized by the Company in the amount of $16.7 million. ORE is consolidated in the Company’s consolidated financi...
325
10K
ch_zurich_insurance_group-AR_2010
3,485
2. Summary of significant accounting policies a) Exchange rates Unless otherwise stated, assets and liabilities expressed in currencies other than Swiss francs are translated at year-end exchange rates. Revenues and expenses are translated using the exchange rate at the date of the transaction. Unrealized exchange loss...
61
annual_report
AdmiralGroupPLC-AR_2018
646
French market growth in 2018 was more volatile following increased marketing spend by incumbents. Whilst the car insurance aggregator market started to show signs of maturity, we saw impressive growth in other insurance products helped by favourable regulation for switching.
40
annual_report
4741
1,227
Underwriting ratios are calculated for net losses and LAE, net acquisition expense and net underwriting expense. The ratios are calculated by dividing the related expense by net premiums earned. The combined ratio is the sum of the net losses and LAE, net acquisition expense and net underwriting expense ratios.
49
10K
LloydsBankingGroupPLC-AR_2020
4,781
O ther inform ation Financial statem ents Lloyds Banking Group Annual Report and Accounts 2020 215
16
annual_report
SwissLifeHoldingAG-AR_2007
2,743
Freeberg, Bruxelles Ins. Dis. from 05.07.2007 100.0% 100.0% full EUR 685
11
annual_report
fr_axa-AR_2010
10,211
Miscellaneous receivables totaled €326 million, including €140 million in fi nancial income receivable and €164 million in tax receivable from entities belonging to the AXA tax consolidation group.
28
annual_report
4311
1,398
Our loss and LAE relating to short-tail property risks are typically reported and settled more promptly than those relating to our long-tail risks, mainly our casualty risks. However, the timeliness of loss reporting can be affected by such factors as the nature of the event causing the loss, the location of the loss, ...
77
10K
gb_lloyds_banking_grp-AR_2003
498
The table below shows the level of new business premium income and unit trust sales. Management monitor these figures because they provide an indication of both the performance and the profitability of the business.
34
annual_report
5507
647
Amounts are considered past due based on the reinsurance contract terms. Reinsurance receivables related to paid losses and any related allowance are written off after collection efforts have been exhausted or a negotiated settlement is reached with the reinsurer. Reinsurance receivables from insolvent insurers related...
101
10K
3674
1,450
The remaining 7% of the reserves for future policy benefits as of December 31, 2008 represented reserves for the guaranteed minimum death and optional living benefit features of the variable annuity products in our Individual Annuities segment and group life and disability, and long-term care benefits in our Group Insu...
122
10K
5015
584
● amending the Company’s certificate of incorporation or bylaws, making any loans or advances to, investments in, or paying any dividends to, any person unless both before and after any such loan, advance, investment or dividend there exists no actual event of default, potential event of default or termination event;
50
10K
de_allianz-AR_2018
2,692
− Use hindsight when determining the lease term if the contract contains options to extend or terminate the lease.
19
annual_report
CNPAssurancesSA-AR_2009
4,304
Provisions for unearned premiums and unsettled claims (opening balance) 14 14
11
annual_report
fr_axa-AR_2003
3,717
Under French GAAP, the goodwill asset is amortized over the remaining estimated useful life and subject to routine impairment testing. Effective from January 1, 2002 under U.S. GAAP, the goodwill asset is not amortized anymore but is subject to an impairment test at least annually. Any negative goodwill is amortized in...
77
annual_report
Sampoplc-AR_2009
54
Sampo has traditionally been one of the best dividend payers in the industry, and this year will be no exception.
20
annual_report
SwissLifeHoldingAG-AR_2012
1,982
BalaNCe as aT eND oF PerIoD 32 28 156 122 188 150 restruCturing provisions Under the “Swiss Life 2015” programme, provisions for restructuring were set up in Switzerland, Liechtenstein and Luxembourg in 2012. The outflow of the amounts is expected within the following one to three years.
47
annual_report