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2 values
INGGroepNV-AR_2007
2,390
ING has a limited exposure to monoline insurers. ING’s direct exposure to monoline insurers is negligible. However, ING has some indirect exposure to monoline insurers as it has insured 0.3% of total assets, either through embedded fi nancial guarantees (‘wrapped bonds’) or through credit derivatives. Changes in the mo...
105
annual_report
4415
1,404
Acquiring and expanding the reinsurance operations of GMAC Insurance from GMACI Holdings, LLC in 2008 (the “GMAC Acquisition”);
18
10K
AegonNV-AR_2000
539
The success of this strategy can be seen in Scottish Equitable’s strong positioning in the emerging competition for stakeholder pensions. Fostered by new fiscal legislation and enjoying broader bipartisan political support than many previous government initiatives, stakeholder pensions are designed to encourage pension...
145
annual_report
1852
497
In 2001 and 2000, we wrote down a small amount of holdings in our fixed income portfolio as a result of other-than-temporary declines in market value and recognized a net realized loss, before tax, of $3,841,000 in 2001 and $2,932,000 in 2000. We continue to review the other-than-temporarily impaired securities for app...
57
10K
5652
1,546
There were approximately 7 million shares remaining available for grant under this plan as of December 31, 2018. Options are exercisable on a variety of dates, including from the second, third, fourth or fifth anniversary of the grant date. Unless terminated sooner by the board of directors, the 2012 Plan will expire 1...
74
10K
1919
1,111
For the year ended December 31, 2002, FIC had a $2.8 million realized loss on investments, compared to a $65,000 net realized gain in 2001 and $7,000 gain in 2000. The Company identified one bond at December 31, 2002, which was considered to be impaired and reduced its carrying value by $463,000. Also at December 31, 2...
96
10K
gb_prudential-AR_2007
198
UK — Build on our strengths in the retirement market and risk products — Migrate to factory gate cautiously managed asset accumulation products — Deliver on the cost reduction programme including the outsource programme — Selectively participate in the wholesale market — Determine whether it is in the best interest of ...
62
annual_report
2202
846
Dividends to policyholders were $185.5 million for the year ended December 31, 2002, a decrease of $47.6 million compared to $233.1 million reported in the prior year. Dividends to policyholders can be broken down into two components, namely policyholder dividends payable in the current year and the change in the defer...
89
10K
fr_axa-AR_2018
3,934
For Life & Savings CGUs, recoverable amounts are calculated using a risk neutral approach, relying on European Embedded Value (EEV) techniques, that are industry specific and widely used. The EEV represents the excess of the market value of assets over the market value of liabilities. The market value of the liabilitie...
94
annual_report
2633
974
The Class A and B shareholders are entitled to receive (on a pro rata basis) the lesser of the total amount of the liquidation proceeds or $25 million.
28
10K
NatwestGroupPLC-AR_2012
4,142
Auditors on the Group’s systems of internal control; and the views of management on the performance of the External
19
annual_report
INGGroepNV-AR_2014
6,934
Liquidity premium In order to correct the value of the liabilities for their illiquidity, a premium is added to the risk-free liability valuation curve. This premium reflects the price of illiquid long-term funding, which increases in stressed markets.
38
annual_report
944
1,430
4 Instruments defining the rights of The rights of holders of of security holders. Registrant's Preferred Stock are defined in the Articles of Incorporation. Registrant has no outstanding debt issues exceeding 10% of the assets of Registrant and consolidated subsidiaries.
40
10K
NatwestGroupPLC-AR_2011
1,441
In December 2011, the European Banking Authority published the results of its recapitalisation exercise - a review of banks’ actual capital positions on sovereign exposures - showing the Group had no overall capital shortfall after including the sovereign capital buffer.
40
annual_report
NatwestGroupPLC-AR_2013
666
Committee membership(s): • Board Risk Committee • Group Audit Committee • Group Nominations Committee
14
annual_report
5073
838
The Company establishes a bad debt allowance on its premiums receivable through a charge included in underwriting and other operating expenses in the accompanying consolidated statements of comprehensive income. This bad debt allowance is determined based on estimates and assumptions to project future experience. After...
117
10K
HannoverRueckSE-AR_2014
1,512
Structured reinsurance and insurance-linked securities Further healthy demand is anticipated for our Advanced Solutions business and structured reinsurance in the current financial year. The key driver here is the growing integration of reinsurance into companies’ risk management. This development has been prompted by ...
86
annual_report
5438
637
The weighted average duration of our fixed income portfolio, including cash equivalents, was 3.9 years at December 31, 2017 and 3.7 years at December 31, 2016. Our investment portfolio had a gross return of 2.4% as of December 31, 2017, compared to 2.2% as of December 31, 2016.
48
10K
2228
1,426
claims and settlements expenses associated with the Company’s Star HRG unit, which was acquired in February 2002).
17
10K
RSAInsuranceGroupPLC-AR_2019
2,256
Following review of the time commitments of the non-executive directors, the Board considers that they each devote sufficient time to discharging their duties.
23
annual_report
4352
354
For the year ended December 31, 2011, we recorded $14.5 million of net losses on our trading portfolio, compared to $30.6 million of net gains for the year ended December 31, 2010. The losses in our trading portfolio in 2011 reflect a particularly steep decline in the value of our equity securities holdings occurring m...
75
10K
SwissReAG-AR_1997
753
Method of consolidation: f full e equity – non-consolidated 1 acquisition/ foundation 1998 2 consolidated figures
16
annual_report
fr_axa-AR_2019
10,143
I Report by one of the Statutory Auditors, appointed as an independent third party, on the non-financial information statement included in the management report
24
annual_report
gb_lloyds_banking_grp-AR_2019
3,440
Support the Internal Capital Adequacy Assessment Process (ICAAP) by demonstrating capital adequacy, and meet the requirements of regulatory stress tests that are used to inform the setting of the Prudential Regulation Authority (PRA) and management buffers (see capital risk on pages 166 to 175) of the Group and its sep...
53
annual_report
StorebrandASA-AR_2014
1,530
Most managers’ report on a quarterly basis and the most common method used by the individual fund managers is an external quarterly valuation of the fund’s assets. This involves the manager calculating a net asset value (NAV). Funds often report NAV with a quarter’s delay in relation to the preparation of Storebrand’s ...
76
annual_report
2464
1,215
The discount rate is an interest assumption used to convert the benefit payment stream to a present value. The discount rate was determined based on a review of long-term fixed income securities that receive one of the two highest ratings given by a recognized rating agency. In setting the assumption, the Company also ...
190
10K
2192
920
Vesta’s outstanding balance of the line of credit at December 31, 2003 and 2002 is as follows (in thousands):
19
10K
4156
683
In June 2010, the Company completed its search for a new policy administration software system to replace its existing legacy system, and the Company signed related contracts on July 8, 2010. The Company has concerns about the basis for the vendor’s delay in the implementation of the system and about the new system’s e...
92
10K
StandardLifeAberdeenPLC-AR_2007
746
Risk margin after cost of capital adjustment 2.50 2.90 2.90 2.50 2.90
12
annual_report
2186
1,017
RESULTS OF OPERATIONS FOR THE YEARS ENDED DECEMBER 31, 2003, 2002 and 2001
13
10K
2293
1,251
Personal Lines engages in the mass marketing of personal lines insurance, primarily private passenger auto and personal umbrella coverages.
19
10K
2998
683
At December 31, 2006, our fixed maturity securities portfolio had gross unrealized capital gains of $87.1 million and gross unrealized capital losses of $60.8 million. Unrealized gains and losses primarily result from holding fixed maturity securities with interest rates higher or lower, respectively, than those curren...
51
10K
AvivaPLC-AR_2008
3,017
(ii) Executive share options These are options granted on various dates from 1998 to 2004, under the Aviva Executive Share Option Scheme or predecessor schemes. Options granted between 1998 and 2000 were subject to the satisfaction of conditions relating to either the Company’s return on equity shareholders’ funds (ROE...
107
annual_report
5563
901
In summary, as reported on the consolidated statements of cash flows, the Company's net increase in cash and cash equivalents and restricted cash from continuing operations during 2018 was $11.2 million. The absence of cash flows from discontinued operations, whether positive or negative, is not expected to adversely a...
144
10K
gb_lloyds_banking_grp-AR_2005
245
Within personal loans, key initiatives have been the increased use of behavioural and risk-based pricing, and leveraging our customer insight capabilities to enable the Group to deliver more competitive pricing to better quality customers within our existing customer base. Over 99 per cent of new personal loans and 77 ...
91
annual_report
5777
2,622
The following tables present the changes in each component of AOCI and the effect of reclassifications out of AOCI on the respective line items in net income.
27
10K
5359
2,515
Full Year 2017, 2016 and 2015 Results - Corporate and Investments
11
10K
ch_zurich_insurance_group-AR_2011
1,978
Foreign exchange contracts: OTC Cross Currency Swaps – 423 – 423 – (28) 425 – (26)
16
annual_report
2900
812
London Branch - Gross premiums written of $182.5 million for the year ended December 31, 2004 increased $28.0 million, or 18.1%, compared to $154.5 million for the year ended December 31, 2003. Excluding reinstatement premiums in 2004, gross premiums written for the year ended December 31, 2004 were $170.7 million, an ...
87
10K
INGGroepNV-AR_2016
432
In this intermediate state we are also laying the bankwide, shared foundation that will allow us to develop into a single, integrated platform in the future. This comprises global process management, global data management, modular architecture, bank-wide shared services and cloud-based services.
42
annual_report
HelvetiaHoldingAG-AR_2008
63
Accelerated growth The economic climate will remain challenging in the coming years. Helvetia Group, however, has all the ammunition it needs to continue a strategy aimed at healthy growth. At country level we want to grow by making our sales channels more dynamic, by exploiting new cooperation opportunities, and by co...
54
annual_report
gb_prudential-AR_2010
2,270
Total policyholder liabilities and unallocated surplus of with-profits fundsnote e 135,717 60,523 28,740 224,980 – – – 224,980
18
annual_report
NatwestGroupPLC-AR_2009
4,593
Profit/(loss) before other operating charges and impairment losses 27,827 17,212 (28,334) 16,424 15,522 13,956
14
annual_report
1331
1,844
Statutory Deposits - Included in investments are U.S. government securities on deposit with various regulatory authorities, as required by law, with a fair value of $3,452,000 and $2,931,000 in 1999 and 1998, respectively.
33
10K
5493
3,671
In 2016, the Company recorded a non-cash charge of $260 million ($223 million, net of income tax) for the impairment of Brighthouse goodwill included in discontinued operations. As of the Separation date, the Company evaluated the assets of Brighthouse for potential impairment, and determined that no additional impairm...
51
10K
4497
1,060
method. The estimate of losses yet to be paid is added to current paid losses to estimate the ultimate loss for each year. This method will react very slowly if actual ultimate loss ratios are different from expectations due to changes not accounted for by the expected loss ratio calculation.
50
10K
AegonNV-AR_2015
2,646
Disposal of subsidiaries, joint ventures and associates, net of cash 912 42 811
13
annual_report
4778
1,321
On September 28, 2012, we used $242 million of the net proceeds of the issuance of the 5.50% notes to fund the repayment of the $237 million aggregate principal amount outstanding of our 5.25% unsecured notes, including less than $1 million of unpaid interest and a $5 million make-whole call penalty, as the 5.25% unsec...
63
10K
CNPAssurancesSA-AR_2009
155
The focus on my report regarding 2009 are the measures implemented by CNP Assurances to prepare for the postcrisis period, which though differing from the immediate aftermath of the financial crisis in 2008 is nonetheless characterised by a great deal of uncertainty.
42
annual_report
fr_axa-AR_2019
3,391
Committee members) were conditioned to a 3-year acquisition period, corresponding to the performance measurement period but were not restricted from sale (“holding period”) aft er the acquisition period.
28
annual_report
5892
1,409
The following tables present the non-credit related gross unrealized losses related to AFS investments as of December 31, 2020 and 2019:
21
10K
NatixisSA-AR_2014
3,205
As part of changing regulatory standards (Basel 2.5), Natixis implemented a stressed VaR model (SVaR), which is calculated based on a fi xed econometric model over a continuous 12-month period that defi nes the charge that the bank’s current VaR model would generate under a representative crisis scenario relevant to it...
69
annual_report
AegonNV-AR_2018
120
Performance highlights 2018 Performance highlights 2018 2018 at a glance Performance highlights 20187
13
annual_report
2791
858
On September 10, 2004, MidAmerican’s management decided to cease operations of mineral extraction facilities installed near certain geothermal energy generation sites (“the Project”), at which proprietary processes were used to extract zinc from geothermal brine and fluids. MidAmerican’s management concluded that the P...
81
10K
5040
1,526
The Company manages the credit risk associated with the European securities within the investment portfolio on an on-going basis using several processes which are supported by macroeconomic analysis and issuer credit analysis. For additional details regarding the Company’s management of credit risk, see the Credit Risk...
145
10K
3083
643
At December 31, 2006 and 2005, premiums receivable from one customer totaled approximately 8% and 13%, respectively, of the premiums receivable balance.
22
10K
4731
375
The following tables set forth the carrying value, gross unrealized gains, gross unrealized losses and amortized cost of the Company’s investments, aggregated by type and industry, as of December 31, 2013 and December 31, 2012.
35
10K
fr_axa-AR_2016
8,566
York and dismissed on grounds that the claims are precluded by federal law (the Securities Litigation Uniform Standards Act).
19
annual_report
2239
620
The life insurance subsidiaries were committed at December 31, 2003, to fund mortgage loans in the amount of $578.5 million. The Company’s subsidiaries held $655.0 million in cash and short-term investments at December 31, 2003. Protective Life Corporation had an additional $1.1 million in cash and short-term investmen...
53
10K
3263
768
We have successfully integrated MHS and EBRx into our financial, organizational, management and technology structure. As a result, we achieved cost savings from the consolidation of certain corporate activities and the elimination of certain duplicate components of our corporate operations. We expect to integrate the o...
50
10K
NatixisSA-AR_2014
5,194
The fair value of loans and receivables due from banks is provided in Note 6.7.8.
15
annual_report
2526
970
The Company manages invested assets for its customers under various fee-based arrangements using a variety of entities to hold these assets under management, and since 1996, this has included investment vehicles commonly known as collateralized debt obligations funds (CDOs). Various business units of the Company someti...
64
10K
INGGroepNV-AR_2017
3,726
(reimbursement is included in the result before tax), recorded under ‘Adjustment to prior periods’; • Impact on deferred tax positions following changes in the income tax rate in the USA and Belgium, recorded under ‘Impact on deferred tax from change in tax rates’; and • The recapture of previously deducted UK tax loss...
72
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2015
285
Prospects 141 Comparison of the prospects for 2015 with the result achieved 141 Outlook for 2016 143
17
annual_report
548
171
Statutory capital and surplus, specifically the component called surplus, is used to fund the expansion of an insurance company's first year individual life and accident and health sales. The first year commission and underwriting expenses on such sales will normally consume a very high percentage of, if not exceed, fi...
92
10K
NatwestGroupPLC-AR_2018
4,125
Action Corporate Services Ltd BF FC (70) Greenwich Capital Derivatives, Inc. BF PC (21)
14
annual_report
HannoverRueckSE-AR_2008
2,341
Amount of remuneration received by the Executive Board The total remuneration received by the Executive Board of Hannover Re on the basis of its work for Hannover Re and its affiliated companies is calculated from the sum of all compensation accruing in cash as well as in pecuniary advantages from non-cash compensation...
70
annual_report
ScorSE-AR_2014
3,602
The Group is organized around two main reinsurance business activities and one asset-management activity:  The SCOR Global P&C division (Non-Life Reinsurance) operating activities include the following business areas: Property and Casualty Treaties, Specialty lines, Business Solutions (facultative), Business-ventures ...
92
annual_report
HelvetiaHoldingAG-AR_2014
1,500
Additional write-downs due to revaluation at fair value − 13.0 – n.a.
12
annual_report
5468
1,410
Underwriting and other operating expenses decreased by $1.5 million, or 3.3%, to $43.9 million mostly due to lower net commission expenses driven by a decrease in net premiums earned. The operating expense ratio decreased by 190 basis points, to 50.0% in 2016.
42
10K
NatixisSA-AR_2017
4,143
For securities portfolios, reclassification should mainly relate to: debt securities held in the liquidity reserve, which under IAS 39a were recognized as available-for-sale assets and which, as they were held under a “hold to collect and sell” business model, will be reclassified as financial assets at fair value thro...
186
annual_report
SwissReCorporateSolutions-AR_2014
385
Board of Directors’ responsibility for the consolidated financial statements The Board of Directors is responsible for the preparation and fair presentation of the consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (US GAAP) and the requirements...
81
annual_report
3208
2,398
Strengthened general liability reserves within Business Insurance by $40 for accident years 2000-2003 due to higher than anticipated loss payments beyond four years of development. The $40 reserve strengthening represented 2% of the Company’s net reserves for general liability claims as of December 31, 2004.
45
10K
3018
1,611
Mortgage loans are stated at unpaid principal balances, net of provisions for estimated losses. Mortgage loans acquired at a premium or discount are carried at amortized values net of provisions for estimated losses. Mortgage loans, which include primarily commercial first mortgages, are diversified by property type an...
81
10K
PosteItalianeSpA-AR_2018
2,756
Financial instruments The accounting treatment for financial instruments, modified following the entry into effect of the new accounting standard IFRS 9, is described in paragraph 3, “Changes to accounting policies”.
30
annual_report
HannoverRueckSE-AR_2001
465
Australasia, Sydney. In conventional risk-oriented business its activities are concentrated on the seg-
13
annual_report
4510
1,056
Annuity deposits before coinsurance ceded increased 9% during 2011 compared to 2010 and 27% during 2010 compared to 2009. We attribute these increases to factors including the highly competitive rates of our products, our continued strong relationships with our national marketing organizations and field force of licens...
125
10K
3455
1,606
The following table illustrates the sensitivity of our accident and health IBNR payable at December 31, 2007 to identified reasonably possible changes to the estimated weighted average completion factors and health care cost trend rates. However, it is possible that the actual completion factors and health care cost tr...
67
10K
5260
913
Atlas has not established a valuation allowance for its gross future deferred tax assets as of December 31, 2016 or as of December 31, 2015. Based on Atlas’ expectations of future taxable income, its ability to change its investment strategy, as well as reversing gross future tax liabilities, management believes it is ...
79
10K
nl_ing_grp-AR_2017
5,552
− Interim profit not included in CET1 capital1 –1,670 –1,629 –1,670 –1,629
12
annual_report
INGGroepNV-AR_2020
1,560
Managing ING’s capital requirements and allocation entails finding a balance between the forces governing supply and demand. The uncertainties surrounding these factors are a reflection of changing market circumstances and continuous unpredictability in regulatory and macroeconomic forces. The process of balancing thes...
101
annual_report
AvivaPLC-AR_2016
9,769
Any restrictions on the transferability and fungibility of capital between subsidiaries and Aviva plc may result in restrictions to Group Solvency II Own Funds recognised to the extent these funds cannot be made available to Aviva plc within nine months and thus adversely impact the Group’s solvency position.
48
annual_report
4689
1,227
Other, including operating expenses increased in 2013 primarily due to expenses associated with the reinsurance transaction of February 4, 2013. The decrease in 2012 compared with 2011 was due to the favorable impact of reserve studies and lower operating expenses.
40
10K
5229
604
Gross premiums written decreased by 3.8% for the year ended December 31, 2015 as compared to 2014. The decrease is primarily due to a reduction in premiums on business written by American Reliable that is ceded to insurance entities owned by Assurant under a 100% quota share reinsurance agreement.
49
10K
3584
2,467
Our consolidated Alt-A portfolio includes securities that are collateralized by residential mortgage loans issued to borrowers with stronger credit profiles than sub-prime borrowers, but who cannot qualify for prime financing terms due to high loan-to-value ratios and/or limited supporting documentation. Of our $848.7 ...
47
10K
INGGroepNV-AR_2020
6,388
The standby liquidity facilities are reported under irrevocable facilities. All facilities, which vary in risk profile, are granted to the Mont Blanc Capital Corp. subject to normal ING Group credit and liquidity risk analysis procedures. The fees received for services provided and for facilities are charged subject to...
50
annual_report
5267
212
On December 22, 2016, the Company loaned $950.0 million, comprising the net proceeds from the issuance of the Senior Notes and the proceeds from a capital contribution, to U.S. MI Holdings in exchange for $950.0 million of promissory notes receivable. U.S. MI Holdings used the proceeds in connection with its acquisitio...
69
10K
StorebrandASA-AR_2005
1,558
Analysis by sector and industry: Commercial services and real estate operations 9 121.3 Private individuals 17 529.3 Other 326.0 *) Fair Value Option
23
annual_report
HiscoxLtd-AR_2013
1,826
Group defined benefit liabilities at beginning of the year 16,907 15,168 Third-party Names’ share of liability (3,083) (3,076)
18
annual_report
NatixisSA-AR_2018
2,540
The work of Natixis’ Internal Audit Department is based on an annual Audit Plan drafted and executed jointly with Groupe BPCE’s General Inspection, and after consulting the various members of the Senior Management Committee. It is part of a four-year plan that sets out the intervention frequency and adapts resources to...
53
annual_report
TrygAS-AR_2007
1,418
Dividend distribution Proposed dividend is recognised as a liability at the time of adoption by the shareholders at the annual general meeting (the date of declaration ). Dividends expected to be paid in respect of the year are stated as a separate line item under equity.
46
annual_report
2076
565
As a result of these developments, on August 9, 2002, we announced that we would seek to fundamentally restructure the Company's capital, and announced that we had retained legal and financial advisors to assist us in these efforts. We ultimately decided to seek judicial reorganization under Chapter 11 of the Bankruptc...
52
10K
ASRNederlandNV-AR_2014
1,825
6.16 Insurance liabilities 6.16.1 Liabilities arising from insurance contracts Insurance contracts with retained exposure can be broken down as follows: Gross Of which reinsurance
24
annual_report
HannoverRueckSE-AR_2014
1,055
Further remarks on technical and other assets which were un adjusted but considered overdue as at the balance sheet date as well as on significant impairments in the year under review are provided in Section 6.4 “Technical assets” on page 194 et seq., Section 6.6 “Other assets” on page 197 et seq. and Section 7.2 “Inve...
62
annual_report
GjensidigeForsikringASA-AR_2017
3,613
Kim Rud-Petersen, Executive Vice President 3,045.6 316.3 290.1 639.8 294.6 2,578 3,496 5,953 11,438
14
annual_report
de_allianz-AR_2015
1,937
The analysis and forecasting required in this process, and as a result the determination of the deferred tax assets, is performed for individual jurisdictions by qualified local tax and financial professionals. Given the potential significance surrounding the underlying estimates and assumptions, Group-wide policies an...
108
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008
3,444
RAND Corporation (Research ANd Development) 33 Rating 17, 97, 118, 152 Remuneration 9, 134 ff. Return on risk-adjusted capital (RORAC) 2, 58 f., 70,145 Risk capital 24, 59, 162ff., 167 Risk management 2, 18, 23, 97, 155 ff. Risk Management Solutions (RMS) 30 Risk model 24, 59, 111, 162 Risk trading 50, 89 Roanoke Compa...
60
annual_report
4997
694
The increases in other income and other operating expenses in 2014 from 2013 and 2013 from 2012 primarily reflect the acquisition of Kentucky Trailer on August 30, 2013 and Bourn & Koch on April 26, 2012 and, to a lesser extent, increased expenses at SORC.
45
10K
StorebrandASA-AR_2010
781
Control Committee: An identical control committee for the companies in the Group that have a statutory obligation to have a control committee was elected in 2010. Finn Myhre was elected as the deputy chairman and new member. Tone Reierselmoen was elected as a new member. Ida Hjort Kraby was elected as a new substitute ...
65
annual_report
5273
962
Other operating expenses decreased $3.3 million for the year ended December 31, 2016 compared to the same period in 2015 due to decreases in non-recurring project specific information technology and professional fee expenditures.
33
10K