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4772
993
Shown below is a condensed schedule of cash flows for the years ended December 31, 2013, 2012 and 2011, used in the discussion of liquidity and capital resources ($ in millions).
31
10K
gb_prudential-AR_2019
2,688
The below summarises performance against the shared and individual personal objectives for the current Executive Directors: Key shared 2019 objectives for Executive Directors Achievement
24
annual_report
4523
1,458
In 2011, net premiums written increased due to the effects of overall improvements in ratable exposures (i.e., asset values, payrolls and sales), general pricing improvement and retrospective premium adjustments on loss-sensitive contracts. We implemented certain initiatives designed to provide for a more effective use...
62
10K
2429
524
Fiscal Year Ended June 30, 2003 Compared With Fiscal Year Ended June 30, 2002
14
10K
AegonNV-AR_2008
3,935
The number of share options that has not been included in the weighted average number of common shares used in the calculation of diluted earnings per share, because these share options were anti-dilutive for the periods presented, amounted to 29,178,516 (2007: EUR 8,993,229 and 2006: 9,151,195). The exercise prices of...
60
annual_report
3592
2,681
The combined statutory net income from our discontinued operations included in the table above was $30 million and $28 million for the years ended December 31, 2006 and 2005, respectively. The combined statutory capital and surplus for our discontinued operations as of December 31, 2006 included in the table above was ...
80
10K
5268
1,051
Financial Statements as of December 31, 2016 and 2015 and for the years ended December 31, 2016, 2015 and 2014:
20
10K
5598
2,088
• Amortization of hedge accounting book value adjustments for certain discontinued hedges,
12
10K
ch_zurich_insurance_group-AR_2018
1,922
The total assets for the Group decreased to USD 395 billion from USD 422 billion in 2017. The decrease was mainly driven by foreign exchange movements, whereby net assets predominantly denominated in the British pound and euro weakened against the U.S. dollar, and declines in market valuations on the Group’s investment...
97
annual_report
3165
2,301
We assess whether declines in market value for debt and equity securities held as investments are other than temporary. Securities are evaluated considering factors such as financial condition, near-term and long-term prospects of the issuer, as well as underlying factors such as specific events or circumstances that m...
120
10K
AegonNV-AR_2018
1,911
The combined Solvency II position of the activities of Aegon the Netherlands, including Aegon Bank, on December 31, 2018, is estimated to be 181% (2017: 199%). This decrease is mainly driven by one-time items, including the lowering of the UFR by 15 basis points to 4.05%, impact of tax changes in the Netherlands and ch...
68
annual_report
5869
1,781
The internally managed portfolio primarily consists of the Company's investments in (i) securities acquired for loss mitigation purposes or other risk management purposes, (ii) securities managed under an Investment Management Agreement (IMA) with AssuredIM, and (iii) other invested assets which primarily consist of al...
58
10K
AegonNV-AR_2011
1,684
Additionally, 22 saving banks have been party to 5 agreements based on Spain’s Institutional Protection System (SIP). For these reasons, Spain in recent years has been an important part of AEGON’s efforts to expand its web of bank distribution partnerships.
40
annual_report
fr_axa-AR_2012
2,836
The Chairman & Chief Executive Offi cer is vested with the broadest powers to act on behalf of the Company and represents the Company vis-à-vis third parties. He exercises these powers within the scope of the corporate purpose and subject to the powers expressly assigned by law to the Shareholders’ Meetings and to the ...
57
annual_report
5773
691
Net income of $2.62 billion, or $10.01 per share basic and $9.92 per share diluted
15
10K
HiscoxLtd-AR_2013
283
The proposed return of capital will leave the Group with a comfortable surplus above Hiscox’s internal projections of both the BSCR and GSSA for the 2014 business plan.
28
annual_report
998
130
Other revenues for the year ended December 31, 1997 decreased to $1,475,990 from $2,039,331 or 28 percent. Other revenues consist primarily of commissions earned by subsidiary agencies. The decrease of approximately $563,000 is attributable to the transfer of direct writings by subsidiary agencies for other carriers in...
52
10K
LloydsBankingGroupPLC-AR_2017
2,843
Responsible for monitoring breaches, material events and risk issues, and conducting deep dive assessments on specific conduct, compliance or operational risk subjects to inform corrective action along with the sharing of information and best practice.
35
annual_report
StandardLifeAberdeenPLC-AR_2017
596
Adjusted profit before tax on a Pro forma basis decreased by 1% to £1,039m, driven by lower profitability at Aberdeen Standard Investments which saw additional costs compared to 2016 and flat revenue.
32
annual_report
gb_prudential-AR_2006
3,828
Insurance Investment Insurance Investment contracts contracts Total PAL PRIL Total contracts contracts Total 2005 £m £m £m £m £m £m £m £m £m
23
annual_report
5021
749
• pension plan funding. The parent company normally meets its liquidity requirements by:
13
10K
749
400
Pursuant to an Investment Agreement, dated as of February 23, 1998 (the "Investment Agreement"), between the Company and TPG Oxford LLC (together with the investors thereunder, the "Investors"), the Investors have agreed to purchase $350,000,000 in Preferred Stock with Warrants to acquire up to 22,530,000 shares of com...
483
10K
SwissReAG-AR_1987
448
Investment income also includes dividend payments of non-consolidated holdings in the amount of Sw.frs. 43 million (previous year, Sw.frs. 36 million).
21
annual_report
AssicurazioniGeneraliSpA-AR_2019
4,008
Pr ov is io ns fo r u ne ar ne d pr em iu m s 5, 5, 5, 5,
21
annual_report
5942
2,282
The declaration, record and payment dates, as well as per share and aggregate dividend amounts for BHF’s preferred stock by series for the years ended December 31, 2020 and 2019 were as follows:
33
10K
252
149
Net investment income includes net investment income earned by the restricted assets of the cemeteries and mortuaries of approximately $574,000, $515,000 and $426,000 for 1995, 1994, and 1993, respectively.
29
10K
5416
756
Derivative instruments are purchased to hedge against future interest rate increases in liabilities indexed to market rates, and are recorded in the consolidated statements of financial position at fair value net of collateral provided by counterparties. The change in fair value of derivative assets and liabilities is ...
129
10K
NatwestGroupPLC-AR_2017
777
Also, with effect from 1 January 2018:  Sandy Crombie stepped down as a non-executive director of RBS, and as Senior Independent Director and Chairman of the Group Performance & Remuneration Committee;  Mark Seligman assumed the role of Senior Independent Director and became a member of the Group Performance & Remune...
69
annual_report
PowszechnyZakladUbezpieczenSA-AR_2011
480
The increase in net claims and benefits paid and the change in technical reserves of PLN 115.3 million
18
annual_report
4230
1,575
Revenues exclude Realized investment gains (losses), net, and related charges and adjustments. Realized investment gains (losses), net and related adjustments include the net impact of embedded derivatives related to our living benefit features and related hedge positions as described below. The related charges represe...
72
10K
AvivaPLC-AR_2019
2,554
Strategic report Governance IFRS financial statements Other information 1 – Changes to comparative amounts continued (a) Presentation of consolidated investment funds continued The impact of the changes above on the following captions in the statement of cash flows for the prior period presented is shown below: As repo...
49
annual_report
4979
1,308
The following tables set forth our selected historical consolidated financial information for the last five years. This data should also be read in conjunction with the Consolidated Financial Statements and the accompanying notes presented under Item 8 and with ‘Management’s Discussion and Analysis of Financial Conditi...
51
10K
gb_prudential-AR_2001
1,264
Actual investment return on investments less longer-term returns included within operating profit*** (413) (109)
14
annual_report
gb_lloyds_banking_grp-AR_2019
2,382
The proposed Policy for 2020 reduces the maximum total compensation opportunity for the Group Chief Executive by 29 per cent
20
annual_report
NatixisSA-AR_2014
7,569
V Investments in associates: investments that give Natixis significant influence over the corporate bodies of the issuing companies and investments of strategic importance for the development of Natixis’ operations. They are recognized at their acquisition date at the purchase price excluding acquisition costs.
43
annual_report
RSAInsuranceGroupPLC-AR_2020
367
Statutory earnings per share * Excluding UK & International exit portfolios.
11
annual_report
3161
924
PMI Europe establishes loss reserves for all of its insurance and reinsurance business and for credit default swap transactions consummated before July 1, 2003. Revenue, losses and other expenses associated with credit default swaps executed on or after July 1, 2003 are recognized through derivative accounting treatmen...
207
10K
NatixisSA-AR_2020
10,963
a reduction in the impact of travel: taking into account the remoteV working and decrease in business travel by car and plane; a significant reduction in purchases.V
27
annual_report
5325
1,325
The carrying values of the Company’s Other Investments at December 31, 2016 and 2015 were:
15
10K
StorebrandASA-AR_2002
955
Realised losses on facilities are losses which are considered to be final.
12
annual_report
2510
1,293
Life Deferred Policy Acquisition Costs and Present Value of Future Profits
11
10K
HelvetiaHoldingAG-AR_2011
1,516
Revaluation from reclassification of property and equipment – 0.1 – 1.0 0.0 0.2 – 0.1 – 0.8
17
annual_report
2031
627
prior years that are unpaid as of the balance sheet date, including claims that have been incurred but not yet reported to Trenwick. Claims and claims expenses incurred during the year ended December 31, 2002 were $881.5 million, an increase of $54.1 million compared to claims and claims expenses of $827.4 million for ...
337
10K
295
279
Hospital costs are recognized when hospital services are provided to enrollees and include stop-loss insurance coverage premiums, net of recoveries (see Note 6).
23
10K
4259
5,922
We believe the unrealized losses on our Subprime securities, including those over 24 months, result from the current risk premium on these securities, which should continue to reverse over the securities' remaining lives, as demonstrated by improved valuations in 2010. We expect to receive our estimated share of contra...
135
10K
1826
600
The following is a summary of the Company's contractual obligations as of December 31, 2001:
15
10K
TrygAS-AR_2007
1,869
150 of 152 l Organisation chart l TrygVesta Annual Report 2007
11
annual_report
5695
1,560
Reflects the number of performance shares attributable to the performance goals attained over the completed performance period and for which service conditions have been met. When performance stock unit awards issued by Ambac become taxable compensation to employees, shares may be withheld to cover the employee’s withh...
75
10K
HannoverRueckSE-AR_2019
1,621
With regard to Item 4.2.3. Para. 2 “Caps on the amount of variable compensation elements in management board contracts ” and Item 4.2.3 Para. 4 “Caps on severance payments in management board contracts” of the German Corporate Governance Code, we would refer the reader to our remarks in the 2019 Declaration of Conformi...
72
annual_report
5675
771
The amount by which estimated losses in the aggregate differ from those previously estimated for a specific time period is known as reserve "development." Reserve development is unfavorable when losses ultimately settle for more than the amount estimated or subsequent estimates indicate a basis for reserve increases, c...
103
10K
5375
1,826
AAIA - Among the products issued by AAIA are indexed universal life insurance and fixed indexed annuities. These products allow a portion of the premium to earn interest based on certain indices, primarily the S&P 500. We purchase call options, futures and variance swaps to hedge the growth in interest credited to the ...
167
10K
fr_axa-AR_2012
7,009
For pension plans where the fair value of plan assets exceeds the benefi t obligation, the aggregate fair value of plan assets and aggregate benefi t obligation were respectively €47 million and €38 million as of December 31, 2012. As required by IFRIC 14, a surplus is recognized to the extent that it is recoverable, e...
71
annual_report
3757
6,496
The provisions of FIN 48 allow for the classification election of interest on an underpayment of income taxes, when the tax law requires interest to be paid, and penalties, when a tax position does not meet the minimum statutory threshold to avoid payment of penalties, in income taxes, interest expense or another appro...
84
10K
4205
785
Capital expenditures in 2010 of approximately $63.3 million consisted primarily of computer hardware, software and related costs associated with the development and implementation of improved operational and communication systems. Projected capital expenditures in 2011 of approximately $65 to $75 million consist primar...
49
10K
5138
1,575
Results of our life insurance business are impacted primarily by sales, competitor actions, mortality, persistency, investment yields, expenses, reinsurance and statutory reserve requirements, among other factors.
26
10K
2282
941
Diluted earnings per ordinary share for the year ended December 31, 2002 increased 21% to $1.23 from $1.02 in 2001. Diluted earnings per share increased as a result of the growth in net income described above. This increase has occurred despite the increase in the number of ordinary shares outstanding. The increase in ...
89
10K
ScorSE-AR_2018
2,324
Interest rate risk is the risk that the fair value of future cash flows of a financial instrument fluctuates because of changes in interest rates. Interest rate fluctuations have direct consequences on both the market value and the return on SCOR’s investments as the level of unrealized capital gains or losses and the ...
93
annual_report
AegonNV-AR_2010
3,838
AEGON’s consolidated result, while losses in the United States are deductible at 35% and gains in Ireland are taxed at 12.5%.
21
annual_report
ch_zurich_insurance_group-AR_2012
3,303
Simulations are produced for the economies in the U.S., the UK, Switzerland and the eurozone. In each economic area, risk free nominal interest rates are modeled using a LIBOR market model. The excess return on other asset classes relative to the total returns on risk free assets are then modeled using a multi-factor l...
99
annual_report
5110
563
(11) The Company’s management believes that this non-GAAP ratio or measure is useful to investors when evaluating the Company’s underwriting performance as trends in the Company’s Commercial Lines may be obscured by prior accident year adjustments. This non-GAAP ratio or measure should not be considered as a substitute...
66
10K
4926
13,127
A decrease in the DAC asset of $39.2 million, which is driven primarily by a decrease of $38.0 million in the shadow component from unrealized gains on investments as well as continued amortization of previously deferred costs.
37
10K
HannoverRueckSE-AR_2003
706
In accordance with a resolution of 19 May 2003 Hannover Re’s interest in Hannover Reinsurance Group Africa (Pty) Ltd. was increased from 96.85% to 100% through acquisition of the remaining shares.
31
annual_report
519
317
Included in equipment at December 31, 1996 and 1995 are capitalized computer software costs, related to purchased software and software developed internally for sale as part of its product lines, of $67,751,000 and $45,341,000, respectively. The Company capitalizes costs of software to be sold once technological feasib...
92
10K
RaiffeisenBankInternationalAG-AR_2017
744
(ÜbG) (see the notification of voting rights published on 20 March 2017). The remaining shares of RBI AG are held in free float, with no other direct or indirect shareholdings amounting to 10 per cent or more known to the Management Board.
42
annual_report
545
578
The Company and its subsidiaries are obligated under operating leases, primarily for office space. Rent expense, net of sublease income, was $8,416, $8,489 and $7,172 in 1996, 1995 and 1994, respectively.
31
10K
TrygAS-AR_2012
1,795
Intra-group trading involved: - Providing and receiving services -61 -40 - Intra-group account 23 84
15
annual_report
StorebrandASA-AR_2011
2,974
Productivity measurements LEAN4 — Indicator developed and target established Develop indicator + establish target
14
annual_report
ScorSE-AR_2009
2,327
In 2008, SCOR SE paid a share dividend of EUR 0.80 per share in cash on 14 May 2008 for a total amount of EUR 143 million.
27
annual_report
nl_ing_grp-AR_2019
6,454
Because we are a financial services company conducting business on a global basis, our revenues and earnings are affected by the volatility and strength of the economic, business, liquidity, funding and capital markets environments of the various geographic regions in which we conduct business, and an adverse change in...
63
annual_report
AvivaPLC-AR_2011
1,631
4. Committee membership Table 2 below shows the directors who served as members of the Committee during the year, all of whom are independent NEDs, and individuals who attended Committee meetings: Table 2: Members and attendees of the Committee during 2011 Member Position Comments
44
annual_report
AvivaPLC-AR_2010
468
Market Delta Lloyd continues to operate in a competitive saturated market. We believe that the Dutch insurance market is mature and cost reduction and economies of scale are becoming increasingly important. Customers are increasingly demanding that suppliers provide value-for-money high-performing products with transpa...
139
annual_report
5678
950
The following table provides summary information with respect to each reinsurer that accounted for more than 10% of our reinsurance recoverables on paid and unpaid losses and loss adjustment expenses as of December 31, 2019:
35
10K
4393
1,090
Costs incurred in performing required monitoring of and reporting on contract performance
12
10K
4384
765
We are also a party to a note purchase agreement dated February 10, 2011, with certain accredited institutional investors, pursuant to which we issued and sold $75.0 million in aggregate principal amount of our 5.18% Senior Notes, Series D, due February 10, 2021 and $50.0 million in aggregate principal amount of our 5....
82
10K
RSAInsuranceGroupPLC-AR_2009
1,287
management basis The management basis reflects the way management monitor the business. Operating result on a management basis comprises the underwriting result, the investment result and other activities.
28
annual_report
2721
1,127
Acknowledged that CIT Group had assigned to National City all of its rights, and National City had assumed all of the obligations of CIT Group, under the credit agreement and the term loan B;
34
10K
1326
296
During the second quarter of 1998, prepayments on securitized loan contracts continued to exceed our expectations and we concluded that such prepayments were likely to continue to be higher than expected in future periods as well. As a result of these developments, we concluded that the value of the interest-only secur...
161
10K
SwissLifeHoldingAG-AR_2006
2,518
Swissville Europe (Belgium), Bruxelles – until 25.01.2006 – – full EUR 8 087
13
annual_report
StandardLifeAberdeenPLC-AR_2018
4,055
Earnings per share (EPS) EPS is a commonly used financial metric which can be used to measure the profitability and strength of a company over time. EPS is calculated by dividing profit by the number of ordinary shares. Basic EPS uses the weighted average number of ordinary shares outstanding during the year. Diluted E...
79
annual_report
gb_prudential-AR_2007
3,428
Post-employment benefits comprise the change in the transfer value of the accrued benefit relating to directors’ defined benefit pension schemes in the year and the total contributions made to directors’ other pension arrangements.
33
annual_report
1911
205
The amortization of capitalized DAC is a significant component of Primerica Life's expenses. All of Primerica Life's DAC is associated with FAS 60 products. DAC is amortized in relation to anticipated premiums as per FAS 60. Amortized DAC has remained level as a percentage of direct premiums. The increase in the amount...
64
10K
gb_prudential-AR_2007
57
Results bases The EEV basis results have been prepared in accordance with the European Embedded Value Principles issued by the CFO Forum of European Insurance Companies in May 2004 and expanded by the Additional Guidance on EEV disclosures published in October 2005. The basis of preparation of statutory IFRS basis resu...
68
annual_report
gb_prudential-AR_2005
201
In Asia, the drivers of growth are as compelling as ever, and we expect to continue to expand aggressively in the region over the coming years, while still attaining our goal to go cash positive
35
annual_report
5516
2,321
Principal amounts under our long-term borrowings (including senior notes) and non-recourse funding obligations by maturity were as follows as of December 31, 2018:
23
10K
de_allianz-AR_2001
1,743
London Verzekeringen N. V. Weesperzijde 150 1097 DS Amsterdam Tel.: +3120 561-8618 Fax:+3120 561-8680 www.london.nl
15
annual_report
RaiffeisenBankInternationalAG-AR_2018
1,099
The levies and expenses from special governmental measures reported in the segment declined € 6 million to € 52 million. At € 47 million, the expenses for bank levies remained almost unchanged compared to the same period in the previous year. In contrast, the RBI AG contributions to the resolution fund allocated to the...
117
annual_report
AegonNV-AR_2009
872
These measures were implemented during the second half of 2008, and continued throughout 2009. During that time, AEGON made considerable progress toward its aims: Reducing risk – Since the start of the financial crisis, reducing risk has helped protect AEGON’s businesses from any further deterioration in market conditi...
48
annual_report
2003
333
The Commercial segment includes the runoff retained risk commercial operations of SCIC, the retained risk commercial operations of Catawba and UIC, and the fee-based commercial automobile activity for the NC Facility and SC Facility.
34
10K
5520
803
Other income and other expenses primarily consist of revenue and expenses generated by our various non-insurance subsidiaries for investment advisory, marketing and distribution, and leasing services. They also include revenues and expenses generated by our parent company for management services. Certain of these activ...
82
10K
NatwestGroupPLC-AR_2015
5,291
We used our pensions accounting specialists and our own actuaries to understand, challenge, assess and review pertinent evidence and calculations made in determining the pension assets and liabilities.
28
annual_report
2052
702
Consolidation within the mortgage origination industry and Triad's continued focus on national lenders has resulted in a greater percentage of production volume being concentrated among a smaller customer base. The Company's ten largest customers were responsible for 58.9%, 42.3%, and 30.0% of traditional flow risk in ...
232
10K
3953
733
We primarily use derivatives to hedge or reduce exposure to market risks. The fair values of exchange-traded derivatives are determined through quoted market prices. The fair values of over-the-counter derivative instruments are determined using either pricing valuation models that utilize market observable inputs or b...
123
10K
5558
1,783
Premiums in our Segregated Portfolio Cell Reinsurance segment are 100% assumed from either our Workers' Compensation Insurance or Specialty P&C segments. Premium volume is driven by five primary factors: (1) the amount of new business written, (2) retention of the existing book of business, (3) premium rates charged on...
68
10K
5804
397
5)General economic, industry sector or individual debt issuers’ financial conditions that may affect the current market value of securities we own, or that may impair an issuer’s ability to make principal and/or interest payments due on those securities;
38
10K
HannoverRueckSE-AR_2011
1,193
ter of the year under review. The changes in the fair values of the inflation swaps are recognised in income as a derivative pursuant to IAS 39.
27
annual_report
5863
756
The Company’s intangible assets are subject to impairment tests when events or circumstances indicate an intangible asset (or asset group) may be impaired. The Company’s indefinite-lived intangible assets are also tested for impairment annually. There was no impairment of intangible assets during the year ended Decembe...
48
10K
2292
648
As of December 31, 2003, Protective had on deposit with regulatory authorities, fixed maturity and short-term investments with a market value of approximately $74.8 million.
25
10K
BaloiseHoldingLtd-AR_2010
1,072
Notes Bâloise Holding 1. aCCounting standards The annual accounts of Bâloise Holding are produced in accordance with the regulations of the Swiss Code of Obligations.
25
annual_report
HannoverRueckSE-AR_2004
697
The reinsurance market in North America will not be able to entirely resist the softening tendencies on the original market. A "soft landing " is nevertheless anticipated. We expect to generate further profitable business, especially in the casualty lines where we are a sought-after partner for long-tail business due t...
81
annual_report
2111
2,744
The Company generated an income tax expense of $65.2 million and $30.7 million for the years ended December 31, 2003 and 2002, respectively, generally reflecting improved underwriting and investment income results. The income tax benefit of $8.7 million for the year ended December 31, 2001 primarily reflected a tax ben...
77
10K