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3101
991
Our commercial insurance business produced profitable underwriting results in each of the past three years, particularly in 2006 and 2004. These profitable results were due in large part to the cumulative effect of price increases in prior years, better terms and conditions and more stringent risk selection. Results in...
112
10K
503
188
Unifax produces workers' compensation policies in California and Arizona for a non-affiliated insurer and receives a commission from them based on premium written.
23
10K
NatixisSA-AR_2010
2,174
The Operational Risk Department is responsible for: ● procedures for analyzing and measuring operational risk: − recording incidents,
18
annual_report
NatixisSA-AR_2007
4,693
Markets and fi nancing > €250 million > €15 million > +/-€2 million
13
annual_report
5918
353
As discussed in the Risk Factors discussion within Item 1A, there is a risk that our recorded reserves are insufficient to cover our estimated ultimate unpaid liability for claims and claim adjustment expenses. Given the unprecedented nature of the event, a particularly high level of uncertainty exists as to the potent...
101
10K
PowszechnyZakladUbezpieczenSA-AR_2017
2,632
Shareholder Meeting for a joint term of office which lasts three consecutive full financial years. At least one member of the audit committee appointed by the Supervisory Board must hold qualifications in accounting or financial audit within the meaning of the Act on Statutory Auditors, Audit Firms and Public Supervisi...
88
annual_report
5736
1,385
Only those reinsurance recoverable balances deemed probable of recovery are recognized as assets on the Company's Consolidated Balance Sheets and are stated net of allowances for uncollectible reinsurance. Amounts currently recoverable and payable under reinsurance agreements are included in Premium receivable and rein...
98
10K
1971
689
Our primary sources of liquidity are cash and cash equivalents, short and long-term investments, cash flow from operations and borrowings under our credit facility. As of December 31, 2002, we had cash and cash equivalents of $208.0 million, short and long-term investments of $99.0 million and restricted investments on...
71
10K
1935
307
As of December 31, 2002, total invested assets amounted to $46,267,306, an increase of $181,873 or 0.4% from $46,085,433 at December 31, 2001. Cash balances increased from $2,855,781 at December 31, 2001 to $3,159,545 at December 31, 2002. The amount of cash and cash equivalents varies depending on the maturities of fi...
96
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014
2,077
At 31 December 2014, around 11% (12%) of the investments measured at fair value were allocated to Level 1 of the fair value hierarchy, 86% (84%) to Level 2 and 3% (4%) to Level 3.
35
annual_report
1107
818
The following unaudited selected pro forma financial information has been prepared to illustrate the pro forma effects of the purchase of the SW Financial Controlling Interest as well as the Fickes and Stone Knightsbridge Interests and the sales of Career Sales Division, KIVEX, Professional, United Life, UC, Cyberlink ...
128
10K
ScorSE-AR_2013
3,233
For available-for-sale equity securities which are listed on an active market, a line-by-line analysis is performed when there has been a decline in fair value as compared to the initial purchase price of more than 30%, or a consistent unrealized loss over a period of more than 12 months. The different factors consider...
78
annual_report
NatwestGroupPLC-AR_2012
4,451
Time commitments Letters of engagement make clear to non-executive directors the time commitment they are expected to give to their Board duties. Since 2010, non-executive directors letters of engagement specifically state that their time commitment should be in line with the Walker Review of corporate governance of ba...
79
annual_report
4495
729
All three of these credit agreements require Brown & Brown to maintain certain financial ratios and comply with certain other covenants. Brown & Brown was in compliance with all such covenants as of December 31, 2011 and 2010.
38
10K
4557
2,828
Present value of expected future payments. Interest rate assumptions used in establishing such liabilities range from 1% to 11% for domestic business and 1% to 13% for international business.
29
10K
de_allianz-AR_2006
1,049
Our business activities in this segment consist of asset management products and services both for third-party investors and for the Allianz Group’s insurance operations. As of December 31, 2006, wemanaged € 764 billion of third-party assets on a worldwide basis, which includes fixed income, equity, moneymarket and sec...
66
annual_report
2834
818
In 2005, we raised $11,740 of net cash from the issuance of long-term debt and other sources. In connection with the Caronia acquisition, WC entered into a Second Amended and Restated Loan Agreement (the “Credit Agreement”) that provided WC with a $40,500 (net cash of $40,359 after financing costs of $141) five-year, f...
154
10K
NatwestGroupPLC-AR_2017
2,229
Notes: (1) Excluding restructuring costs. (2) Return on equity is based on segmental operating profit after tax adjusted for preference dividends divided by average notional equity based on 16% (12% prior to November 2017) of the monthly average of segmental RWAes, assuming 10% tax rate. (3) Provision coverage represen...
60
annual_report
ASRNederlandNV-AR_2018
2,781
Financial statements 2018 | 7.5 Notes to the consolidated balance sheet 196 7.5.10 Other assets
15
annual_report
3379
1,404
Claims and policy benefit reserves decreased significantly in 2006 as compared to 2005 mainly due to the large U.K. immediate annuity contract bound in 2005 as well as losses recorded relating to the novated blocks of U.S.-based term life mortality business noted above.
43
10K
RaiffeisenBankInternationalAG-AR_2020
1,014
Furthermore, the EBA deemed it necessary to make changes to the Supervisory Review and Evaluation Process (SREP) guidelines (EBA/GL/2014/13) due to uncertainty relating to the COVID-19 pandemic. These should enable a flexible and pragmatic approach with regard to the implementation of SREP 2020.
43
annual_report
HannoverRueckSE-AR_2014
403
The premium volume for our total aviation portfolio contracted sharply to EUR 364.0 million (EUR 401.7 million).
17
annual_report
2888
1,579
Net investment income and interest credited on general account assets in Retail declined for the year ended December 31, 2005 due to lower assets under management from surrenders on market value adjusted (“MVA”) fixed annuity products at the end of their guarantee period. The increase for the year ended December 31, 20...
61
10K
NatwestGroupPLC-AR_2013
4,691
Liabilities Derivatives 540,622 (262,656) 277,966 (242,836) (20,429) (5,202) 9,499 Repurchase agreements 120,639 (40,658) 79,981 (11,379) — (68,602) — Customer accounts 6,491 (6,491) — — — — — Settlement balances 3,682 (2,672) 1,010 (262) — — 748 671,434 (312,477) 358,957 (254,477) (20,429) (73,804) 10,247
43
annual_report
651
248
Mortgage loans and policy loans: The fair values for mortgage loans are estimated using discounted cash flow analyses, using interest rates currently being offered for similar loans to borrowers with similar credit ratings. The carrying amounts for policy loans approximate their fair values.
43
10K
HannoverRueckSE-AR_2007
1,614
Net run-off result of the loss reserve 830.3 52.4 (199.7) (382.3) 1,018.6 1,197.2 154.8 59.5 1,929.9 914.0
17
annual_report
NNGroupNV-AR_2013
1,475
When the coverage ratio (assets divided by liabilities) of the plan is lower than 105% at year end, ING is required to pay the plan an additional contribution in order to increase the coverage ratio to 106.7%. When the coverage ratio of the plan is lower than 110% but higher than 105% at year end, ING is required to pa...
87
annual_report
SwissLifeHoldingAG-AR_2014
2,320
Due to the adoption of IFRS 13 Fair Value Measurement in 2013 the fair value hierarchy for equity instruments was subject to a review. This resulted in the transfers of equity securities of CHF 67 million from level 2 into level 3, and transfers of investment funds of CHF 480 million from levels 1 and 2 into level 3. I...
111
annual_report
HelvetiaHoldingAG-AR_2011
1,228
In the HTM class, one Greek security was sold due to the serious deterioration in the credit rating. This resulted in an impairment loss of CHF 2.9 million and a realised gain of CHF 0.6 million. The gains and losses reported for the HTM class also contain book losses from foreign currency translations.
53
annual_report
2462
1,207
The table below represents information regarding the Company's variable annuity contracts with guarantees at December 31, 2004 (in 000's):
19
10K
de_allianz-AR_2006
888
Themodel takes substantially all of our derivatives into account, in particular when such instruments are entered into as part of the operating unit’s regular businessmodel (e.g. Dresdner Bank or Allianz Life Insurance Company of North America) or if they are of such amagnitude that they have a significant impact on th...
74
annual_report
StorebrandASA-AR_2008
501
Board was considered in 2006, but such an appointment was not considered to be appropriate.
15
annual_report
fr_axa-AR_2007
5,797
of which direct premiums 55,330 45,998 40,539 of which reinsurance assumed 2,442 2,270 2,433 of which fees and charges on investment contracts with no participation features of which revenues from other activities 1,332 1,076 1,104
35
annual_report
5665
1,432
The total fair value of nonvested shares, share units or DEUs that vested was $25.5 million, $75.9 million and $22.4 million for the years ended December 31, 2019, 2018 and 2017, respectively. As of December 31, 2019, there was $17.4 million of total unrecognized compensation expense related to nonvested shares or shar...
73
10K
5595
955
Net Investment Income increased by $9.0 million in 2017, compared to 2016, due primarily to higher levels of non-alternative investments and higher returns from Alternative Investments, partially offset by lower yields on non-alternative investments. The weighted-average book yield on the Company’s life and health insu...
62
10K
2031
690
Minority interest represents the minority interest in common shares of LaSalle Re held by third party investors prior to the Trenwick/LaSalle business combination on September 27, 2000. Net income attributed to the minority interest was calculated as 23.5% of net income in 2000 prior to the Trenwick/LaSalle business co...
49
10K
4136
647
The Florida losses were the result of our decision to push the full coverage product in Florida in 2007 in response to the Personal Injury Protection (PIP) sunset in that state on October 1, 2007. Inadequate pricing and product management produced significantly higher losses than anticipated. We have drastically reduce...
172
10K
3036
717
From time to time, we may be party to, and our property may be subject to, ordinary, routine litigation incidental to our business. Claims may exceed insurance policy limits and we may have exposure to a liability that is not covered by insurance. Management is not aware of any such lawsuits that could have a material ...
63
10K
3908
1,566
Of the gross unrealized investment losses on the fixed income and short term investments portfolio at December 31, 2007 of $1.1 billion, approximately $546.1 million related to corporate fixed income securities. Within the corporate fixed income securities, approximately 68.0% of the losses were in the financial sector...
72
10K
4351
1,771
Our Lloyd’s segment includes insurance and reinsurance business written for our own account through Syndicate 1458. Syndicate 1458 commenced business by writing certain lines of insurance and reinsurance business incepting on or after June 1, 2009. The syndicate was established to enhance our underwriting platform by p...
114
10K
651
375
In connection with the proposed sale of the Company s September 30, 1997 inforce block of credit insurance to LOTS (pursuant to reinsurance agreements which the insurance subsidiaries have entered into with American Republic), the insurance subsidiaries filed the reinsurance agreements with the insurance regulators in ...
100
10K
AvivaPLC-AR_2014
4,394
Market and competition The Polish market for protection products has seen significant growth since 1999, although penetration rates remain relatively low according to KNF statistics. We expect the insurance market in Poland to continue to grow as its economy matures. In December 2013, the Polish parliament passed a new...
119
annual_report
3967
913
In addition to the commission revenue we derive from the sale of health insurance products, we derive revenue from our online sponsorship advertising program and from licensing the use of our ecommerce technology. Our sponsorship advertising program allows carriers to purchase advertising space in specific markets in a...
295
10K
4736
1,416
Successor Ambac also earned fees for providing other services amounting to $7 for the eight months ended December 31, 2013. Predecessor Ambac earned fees for providing other services amounting to $3 and $37 for the four months ended April 30, 2013, and the year ended December 31, 2012, respectively.
49
10K
2401
180
- - Our ability to grow our investment margin depends upon maintaining sufficient spreads between investment yields and interest crediting rates, and growing the amount of business in force. As interest rates rise, we expect a gradual increase in investment yields. The amount by which these higher yields will increase ...
194
10K
5154
1,728
The recorded reserves represent management's best estimate of unpaid loss and LAE reserves. We use the results of several different actuarial methods to develop our estimate of ultimate reserves. While we have not determined the statistical probability of actual ultimate paid losses falling within the range, management...
78
10K
4015
586
Gallagher’s annual effective tax rate, on a consolidated basis, was 36.9%, 31.9% and 22.7% for 2009, 2008 and 2007 respectively. The rates for 2009, 2008 and 2007, reflect the impact of the resolution of a number of income tax matters related to prior years and revisions to estimates of uncertain tax positions, which r...
117
10K
680
326
department determines whether AIG's market risks, as well as those market risks of individual subsidiaries, are within the parameters established by AIG's senior management. Well established market risk management techniques such as sensitivity analysis are used. Additionally, this department verifies that specific mar...
56
10K
1471
321
* Class B Common Stock has economic rights equal to one-thirtieth (1/30) of the economic rights of Class A Common Stock. Accordingly, on an equivalent Class A Common Stock basis, there are 1,526,230 shares outstanding at December 31, 2000 versus 1,520,562 shares outstanding at December 31, 1999.
47
10K
5930
506
Corporate expenses were $68.5 million for 2020, compared to $65.7 million for 2019. Such amounts primarily represent certain holding company costs necessary to support our worldwide operations and costs associated with operating as a publicly traded company.
37
10K
de_allianz-AR_2015
2,407
22 – Other liabilities other liabilities € mn as of 31 December 2015 2014
14
annual_report
4826
737
As part of geographical expansion into other states, Homeowners Choice Assurance Company, Inc. (“HCA”) was organized to enter the Alabama property and casualty insurance market. HCA was approved and licensed by the Alabama Department of Insurance in August 2013. HCA did not commence underwriting during 2013.
46
10K
RSAInsuranceGroupPLC-AR_2013
382
At RSA we view corporate responsibility (CR) as an opportunity to help address these challenges. We believe that by working together we can make a difference to our staff, customers and the communities in which we operate.
37
annual_report
DirectLineInsuranceGroupPLC-AR_2019
2,286
In order to gain assurance over the completeness and accuracy of source data used in the Group’s actuarial calculations and by our in-house actuarial specialists in performing their work, we have tested the data reconciliation controls and performed reconciliations on the actuarial data back to the financial ledger.
48
annual_report
GjensidigeForsikringASA-AR_2015
772
self-finance investments is good. The net cash flow from operational activities mainly consists of payments in the form of premiums and net payments/disbursements in connection with sales of investment assets, including lending from banking operations, plus disbursements in the form of claims settlement costs, purchase...
51
annual_report
AegonNV-AR_2019
1,245
Board Risk Committee. Mr. Ellman was a non-executive director of Aegon USA from 2012 to 2017.
16
annual_report
1446
787
The Company and its U.S. subsidiaries, excluding U.S. subsidiaries of Global Equity, file a consolidated federal income tax return. Non-U.S. subsidiaries file tax returns in various foreign countries.
28
10K
3830
750
The postretirement obligations are estimated ultimate payments required to provide medical and life insurance benefits. Actual payments may differ significantly from these estimates. Although the Company provides various benefit plans, programs and arrangements to its employees, the Company has reserved the right to am...
96
10K
TrygAS-AR_2018
876
Notes 66Contents – Financial statements Annual report 2018 | Tryg A/S |
12
annual_report
965
244
The maximum amount of dividends that may be paid to State Auto Financial during 1999 by its insurance subsidiaries, including Farmers Casualty, as a non-extraordinary dividend is limited to $21.9 million, without prior approval under current law. The Company is required to notify the insurance subsidiaries' respective ...
133
10K
3250
663
Net investment income includes $3.5 million in 2006, $4.2 million in 2005 and $0.7 million in 2004 in fee income from bond calls, tender offers and mortgage loan prepayments and the reversal of net discount accretion on mortgage and asset-backed securities as noted in the “Net investment income” section above. Net inve...
101
10K
2527
942
Revenues at the Corporate segment represent interest income. Net Corporate expenses were $29.5 million, $19.1 million and $14.9 million in 2004, 2003 and 2002, respectively. As a percentage of total consolidated revenues, net Corporate expenses were 7.2%, 5.5% and 4.6% in 2004, 2003 and 2002, respectively. In 2004, we ...
267
10K
2176
5,262
patterns, loss payments, pending levels of unpaid claims, loss management programs and product mix. In addition, reserve estimates are influenced by external factors including changes in regulation, court decisions, economic conditions and public attitudes. Because reserves are estimates of losses that have occurred, i...
85
10K
AdmiralGroupPLC-AR_2009
1,456
For further information on how the Group conducts its business across UK and Europe, refer to the Business review.
19
annual_report
NatwestGroupPLC-AR_2015
1,265
US Bank Holding Company Act (BHCA) and its implementing rules (the ”Volcker” rule) and approved the bank’s Volcker compliance programme
20
annual_report
nl_ing_grp-AR_2010
2,300
In February 2009, ING completed the sale of its 70% stake in ING Canada for net proceeds of EUR 1,316 million. This differs from the proceeds presented in the annual accounts of 2008 of EUR 1,265 million due to movements in the Canadian dollar/euro exchange rate between date of signing the sales agreement and the date ...
95
annual_report
ScorSE-AR_2016
4,232
●● The General Secretariat contributes to the management of the following functions: – legal and functional governance of the Group; – compliance, alongside the Group Chief Compliance Officer reporting to the General Secretariat (special attention is given to anti-trust/competition law, anti-money laundering and terror...
94
annual_report
PhoenixGroupHoldingsPLC-AR_2020
3,474
C5. Finance Costs Interest payable is recognised in the consolidated income statement as it accrues and is calculated using the effective interest method.
23
annual_report
4758
13,555
Sirius Group’s net loss and LAE reserves by class of business at December 31, 2013 and 2012 were as follows:
20
10K
HannoverRueckSE-AR_2011
1,791
Winter storm damage in Mexico 3 – 5 February 50.1 50.1
11
annual_report
de_allianz-AR_2005
284
Here are a few examples: climate change and, related to this, trading in emissions rights and the promotion of renewable energy, will boost demand for alternative forms of insurance and financing. Anticipated legislative changes in various Asian markets will make the pension and health insurance business there more luc...
97
annual_report
fr_axa-AR_2016
10,404
Subordinated debt stood at €11,399 million versus €9,187 million in 2015, an increase of €2,212 million taking account of the issuance of debt in March 2016 for €1,500 million and in
31
annual_report
PosteItalianeSpA-AR_2020
10,549
Code), on the basis of (i) information attested by the Directors, (ii) the person file of each
17
annual_report
SwissLifeHoldingAG-AR_2010
3,102
In the year under review, the newly developed application for asset management was successfully launched in Switzerland. This tool facilitates more efficient administration of assets under management. The new strategy for the third-party business (TPAM), which was presented on Investors’ Day 2009, yielded very good res...
99
annual_report
StorebrandASA-AR_2010
1,923
life and pensions Sweden spp practices currency hedging to a certain extent with respect to its international investments. in the case of equities the currency hedging will be between 50 per cent and 100 per cent, and for other classes it actively hedges the major part of its foreign currency risk.
51
annual_report
575
517
Year Payable Annual Minimum Rentals ------------ ---------------------- 1997 $ 336,000 1998 338,000 1999 340,000 2000 322,000 2001 147,000 ---------- Total $1,483,000 ==========
22
10K
4122
3,128
The Company’s Life operations issued non-U.S. dollar denominated funding agreement liability contracts. The Company hedges the foreign currency risk associated with these liability contracts with currency rate swaps. At December 31, 2009 and 2008, the derivatives used to hedge foreign currency exchange risk related to ...
69
10K
Sampoplc-AR_2019
2,212
Preferred capital note, 2016 (nominal value 500 MSEK) 30 years 2.42% 48 49
13
annual_report
4374
887
For further details on how we manage overall credit quality and the various risks to which our portfolio is subject, see
21
10K
2844
1,529
• determination of the status of each analyzed investment as other than temporary or not, with documentation of the rationale for the decision.
23
10K
NatixisSA-AR_2015
10,072
Like in the VaR approach, stressed VaR is calculated based on a fi xed econometric model over a continuous 12-month period under a representative crisis scenario relevant to the bank’s portfolio, using a “historical simulation” with “one-day” shocks and a confi dence interval of 99%. However, unlike VaR, which uses 260...
77
annual_report
1461
488
The Company's continued focus on expense controls resulted in lower underwriting expenses in 2000. However, a greater proportion of the Company's business is written by the broker and agent distribution channels, resulting in increased marketing expenses. The Company believes that these relationships will reduce the ne...
66
10K
INGGroepNV-AR_2006
322
As for the other insurance businesses in the Netherlands, RVS managed to create value in a mature and competitive market, refl ected in an increase in VNB and in IRR. Strong sales in both insurance and mortgages resulted in growing market shares. These results were underpinned by the introduction of a restyled RVS logo...
122
annual_report
AegonNV-AR_2017
2,043
With the introduction of Solvency II for EEA countries, Aegon views these minimum regulatory capital requirements as the level at which regulators will formally require management to provide regulatory recovery plans. For the US insurance entities this is set at 100% CAL, and for insurance companies in the European
49
annual_report
StandardLifeAberdeenPLC-AR_2019
1,981
 The Remuneration Committee has the discretion to amend the extent to which the Underpin performance conditions have been met to ensure that the outcome is fair in the context of overall Company performance
34
annual_report
BaloiseHoldingLtd-AR_2007
138
skills and capabilities of our competent, hard working and loyal employees. We off er them an attractive working env ronment with prospects for continuous fur ment. We ensure targeted and su kills of our employe r partn
37
annual_report
gb_lloyds_banking_grp-AR_2009
4,843
Gross assets Notes Gross assets Notes securitised in issue securitised in issue
12
annual_report
NatwestGroupPLC-AR_2020
6,171
Open Finance and the European directive on payment services; • new or increased regulations relating to customer data and privacy protection as well as IT controls and resilience, including the GDPR and the impact of the recent Court of Justice of the EU
43
annual_report
3827
1,743
Net premiums written decreased by $17.3 million, or 8.9%, for the year ended December 31, 2007 compared to the year ended December 31, 2006. This was primarily the result of lower gross premiums written and increasing the percentage of premiums ceded on our general property treaty, partially offset by lower premiums ce...
222
10K
4151
634
To assist in comparing 2010 to 2009, the supplemental commission timing line in the organic revenue tables above adjusts the 2009 revenue as if we had been receiving the information from the carriers and recognizing the quarterly supplemental commissions in 2009 on the same basis as in 2010. In order to estimate the qu...
112
10K
NatixisSA-AR_2010
3,657
At December 31, 2010, fi nancial liabilities at fair value through profi t and loss primarily comprised derivatives not used as hedging instruments.
23
annual_report
AvivaPLC-AR_2013
208
Key statistics in 2013 £3.6bn IGD surplus £1.8bn Operating capital generation
11
annual_report
gb_lloyds_banking_grp-AR_2019
1,393
Lloyds Banking Group Annual Report and Accounts 2019 55 Strateg ic rep ort
13
annual_report
RSAInsuranceGroupPLC-AR_2013
2,120
Currency risk The Group operates in 32 countries. Accordingly, its net assets are subject to foreign exchange rate movements. The Group’s primary foreign currency exposures are to the Danish Krone, Euro, Canadian Dollar and the Swedish Krona. If the value of Sterling strengthens then the value of non Sterling net asset...
59
annual_report
5825
1,022
Our excess-of-loss reinsurance agreements provide $839.4 million of loss coverage on an existing portfolio of in force policies having an in force dates from July 1, 2016 through March 31, 2019 and January 1, 2020 through July 31, 2020. As of December 31, 2020, the aggregate exposed principal balances under the Home Re...
108
10K
3922
909
Significant changes in the factors considered when evaluating investments for impairment losses could result in a significant change in impairment losses reported in the financial statements. At December 31, 2008 and 2007, the Company evaluated investment securities with fair values less than amortized cost and determi...
121
10K
4880
813
The increase in allocated net investment income from 2012 to 2013 was largely attributable to the growth in required assets, partially offset by lower yield on invested assets.
28
10K
AegonNV-AR_2006
126
results in August, and a fi nal dividend proposed at the time of the year end results in March and approved at the annual General
25
annual_report
de_allianz-AR_2013
2,966
As of 31 December 2013, the Allianz Group has provisions for restructuring resulting from a number of restructuring programs in various segments. These provisions for restructuring primarily include personnel costs, which result from severance payments for employee terminations, and contract termination costs, includin...
63
annual_report
2141
391
As of December 31, 2003, 97% of Crusader's business was commercial multiple peril business package insurance policies. Commercial multiple peril policies provide a combination of property and liability coverage for businesses. Commercial property coverages insure against loss or damage to buildings, inventory and equip...
137
10K