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INGGroepNV-AR_2015
7,132
Sovereign credit risk disclosure The table below presents the READ and RWA (excl. CVA RWA), segmented by relevant factors for the exposure class ‘Sovereigns’. The figures per geography for each exposure class are based on the country of residence of the obligor.
42
annual_report
StorebrandASA-AR_2000
1,051
Lender/date drawn down J.P. Morgan (16 bank syndicate, 11.05.1995) **) SB Life USD 120 Redeemed May 2000 131.4 Carl Kierulf, SPN Fonds, Oslo Securities (15.01.1992) SB Life 81.2 NOK 11.15% 2002 Chase Manhattan Bank, Oslo (01.12.1997) SB Life 479.8 NOK 5.89% 2007 Citibank, London (24.02.98) *)/**) SB Life 1,804.1 USD 20...
130
annual_report
3788
1,487
The contractual maturities of our investments in fixed maturities at December 31, 2008, were as follows:
16
10K
4338
1,546
Mortgage-backed: Principally comprised of residential and commercial mortgages originated by both U.S. government agencies (such as the Federal National Mortgage Association) and non-U.S. government agency originators. The fair values of mortgage-backed securities originated by U.S. government agencies and non-U.S. gov...
148
10K
5926
821
Insurance statutes regulate the type of investments that our life subsidiaries are permitted to make and limit the amount of funds that may be used for any one type of investment. In light of these statutes and regulations and our business and investment strategy, we generally seek to invest in United States government...
97
10K
5860
1,363
literature are disclosure only, ASU 2018-13 did not have an impact on the Company’s financial condition or results of operations.
20
10K
4683
1,298
ALCO’s subsidiary, ALC, is subject to a legal proceeding that has not been resolved and that has arisen in the ordinary course of business. On September 16, 2012, a shipowner named Eastshine Limited filed a civil claim against five parties, including ALC, in the Qingdao Maritime Court (“QMC”) in China, claiming losses ...
192
10K
4239
1,050
Option awards granted pursuant to the 2008 Stock Plan are granted to buy shares of United Fire's common stock at the market value of the stock on the date of grant. All outstanding option awards vest and are exercisable in installments of 20.0 percent of the number of shares covered by the option award each year from t...
195
10K
5602
12,864
Also included in Other invested assets are real estate held for investment. These investments are reported at cost, less depreciation and are subject to impairment review, as discussed below.
29
10K
NatwestGroupPLC-AR_2008
547
Comprising: Impairment of available-for-sale securities 484 22 981 22 Charge to income statement 6,962 2,104 8,072 1,968
17
annual_report
1946
920
LAE ratio and in the underwriting expense ratio. The deterioration in the loss and LAE ratio reflects increased loss cost trends partially offset by the growth in premiums due to rate increases. The deterioration in the underwriting expense ratio is due to higher commission expense associated with the mix of business.
51
10K
4006
1,915
The following table sets forth our consolidated statements of income data, expressed as a percentage of total revenues for each period indicated. The historical results are not necessarily indicative of results to be expected for any future period.
38
10K
5672
769
information that management believes is helpful when comparing 2019 and 2018 operating expense and 2018 and 2017 operating expense (in millions):
21
10K
gb_lloyds_banking_grp-AR_2013
6,256
(iv) Non-core assets at the end of 2014: relevant to 10 per cent of the award. Performance will be measured by reference to balance sheet non-core assets at 31 December 2014.
31
annual_report
2787
1,873
The Company is fully insured for its postretirement health care and life insurance benefit plans, and the plans are not funded. The health care plans provide for insurance benefits after retirement and are generally contributory, with contributions adjusted annually. Postretirement life insurance benefits are contribut...
55
10K
HannoverRueckSE-AR_2014
2,012
Film & Entertainment Underwriters SA (Pty) Ltd., Johannesburg / South Africa 26.01 ZAR (1,960) 32
15
annual_report
SwissLifeHoldingAG-AR_2018
2,672
NET DEFERRED INCOME TAX ASSETS/LIABILITIES –2 176 –82 391 – –80 11 –1 936
14
annual_report
3837
1,238
Level 1 inputs-Unadjusted, quoted prices in active markets for identical assets or liabilities that the Company has the ability to access.
21
10K
4051
4,286
The following table presents the weighted average assumptions used to determine the net periodic benefit costs:
16
10K
2326
415
The carrying value of the Company’s agricultural mortgage loans was $103.2 million and $85.7 million, which is net of valuation allowances representing 24.6% and 23.9% of total mortgage assets at December 31, 2003 and 2002, respectively. The agricultural mortgage loan portfolio is diversified both geographically and by...
108
10K
PowszechnyZakladUbezpieczenSA-AR_2013
1,699
includes a broad range of ethical, social and environmental issues in its business operations.
14
annual_report
AssicurazioniGeneraliSpA-AR_2019
4,804
NKFE Insurance Agency Company Limited 103 HKD 166,473,100 G 11 100.00 Generali Financial Asia Limited 100.00 100.00
17
annual_report
NatixisSA-AR_2011
2,529
Information on purchase and subscription options 2005 Plan 2007 Plan 2008 Plan
12
annual_report
SwissReAG-AR_2007
463
Business developments 2007 was a strong year for the property and specialty lines of business, despite a higher level of natural catastrophes than 2006. Significant events included winter storm Kyrill in Germany, a series of floods in the United Kingdom, storms in Australia in both June and December, flooding in Indone...
85
annual_report
3549
2,845
Property, equipment and leasehold improvements, which are included in other assets, are stated at cost, less accumulated depreciation and amortization. Depreciation is determined using either the straight-line or sum-of-the-years-digits method over the estimated useful lives of the assets, as appropriate. The estimated...
126
10K
NatwestGroupPLC-AR_2004
2,211
(2) The £140 million 9% non-cumulative preference shares, Series A, of £1 each are non-redeemable.
15
annual_report
5834
5,557
In addition, the Company and its Board of Directors and certain executives are parties to a shareholder derivative action, Hollett vs. Gilmore, et al., filed on November 25, 2020 and pending in the United States District Court for the Central District of California. The allegations arise out of the information security...
105
10K
NatixisSA-AR_2008
9,770
(without the right to sub-delegate), by the Chief Executive Offi cer or any person with the appropriate authority. They are graded according to the counterparty’s category and internal credit rating, and to the type and duration of the commitment.
39
annual_report
5958
3,900
Reserve for property and casualty insurance claims and claims expense $ 27,610 $ 27,712
14
10K
1808
324
Certain balances in the 2000 financial statements have been reclassified to conform with the 2001 presentation.
16
10K
PowszechnyZakladUbezpieczenSA-AR_2016
1,179
continues to improve solutions limiting payments of unduly benefits and impeding practices of clients providing both false documentation during reporting the claim and untrue declarations concerning their health, as well as simplifying many processes.
34
annual_report
5247
892
In May 2015, the FASB issued guidance that requires entities to provide additional disclosures about their liability for unpaid losses and loss adjustment expenses to increase the transparency of significant estimates. The guidance also requires entities to disclose information about significant changes in methodologie...
160
10K
ScorSE-AR_2017
5,070
●● In Australia, team building activities have been implemented to ensure good relationships within the Australian team. Teams were defined by taking into account the diversity of the members.
29
annual_report
PhoenixGroupHoldingsPLC-AR_2017
1,414
Consistent with the requirements of Solvency II, the Committee is responsible for establishing, implementing, overseeing and reviewing the firm-wide remuneration policy in the context of business strategy and changing risk conditions. The firm-wide remuneration policy focuses on ensuring sound and effective risk manage...
82
annual_report
NatixisSA-AR_2014
1,688
R TABLE 3 Table showing directors’ fees and other compensation received by non-executive corporate officers of Natixis from January 1 to December 31, 2014
24
annual_report
4309
1,518
•The Acquisitions segment focuses on acquiring, converting, and servicing policies acquired from other companies. The segment's primary focus is on life insurance policies and annuity products that were sold to individuals. In the ordinary course of business, the Acquisitions segment regularly considers acquisitions of...
116
10K
NatwestGroupPLC-AR_2013
3,675
Interest rate risk NTIRR arises from the provision to customers of a range of banking products that have differing interest rate characteristics. Therefore, when aggregated, these products form portfolios of assets and liabilities with varying degrees of sensitivity to changes in market interest rates. Mismatches in th...
63
annual_report
AvivaPLC-AR_2007
2,834
(c) Netherlands On transition to IFRS, the valuation of most long-term insurance and participating investment contracts was changed from existing methods that generally used historic assumptions to an active basis using current market interest rates. A liability adequacy test is performed in line with IFRS requirements...
85
annual_report
de_allianz-AR_2011
111
the supervisory Board appointed Mr. Bhojwani, Dr. Jung, and Dr. Wemmer to the Board of Management as of January 1, 2012. Mr. Bhojwani was already working for Allianz group, most recently as Ceo of Allianz life, and has taken over responsibility for insurance usA from Mr. ralph. Dr. Jung is responsible for insurance ibe...
131
annual_report
1669
1,110
Based on all information available to us to date, we believe that our insurance and reinsurance subsidiaries do not have any material exposures to the events of September 11, 2001.
30
10K
NatixisSA-AR_2003
5,094
2.14 Subordinated debts This section includes all debt materialised by perpetual loans, whose redemption in the event of liquidation of the debtor is only possible after the other creditors’ claims have been settled.
33
annual_report
5526
1,115
We have audited the accompanying consolidated balance sheet of The Travelers Companies, Inc. and subsidiaries (the Company) as of December 31, 2018 and 2017, the related consolidated statements of income, comprehensive income, changes in shareholders’ equity, and cash flows for each of the years in the three-year perio...
134
10K
AvivaPLC-AR_2010
2,319
The estimated book and fair values of the assets and liabilities at the acquisition date were: Book value £m
19
annual_report
PowszechnyZakladUbezpieczenSA-AR_2019
1,727
The capital management policy rests on the following principles: • the PZU Group’s capital management (including excess capital) is conducted at the level of PZU as the parent company; • sustain target solvency ratios at the level of 200% for the PZU Group, PZU and PZU Życie (according to Solvency II); • maintain the P...
91
annual_report
5369
1,059
Aggregate intrinsic value for total options outstanding at December 31, 2017 was $16.1 million. Aggregate intrinsic value for total options exercisable at December 31, 2017 was $17.1 million.
28
10K
TopdanmarkAS-AR_2017
669
Reimbursement of claims relating to previous years (222) (200) Change in expected income relating to previous years (32) (50)
19
annual_report
NNGroupNV-AR_2013
1,117
Exchange rate differences –1,869 –2,916 –93 –4,878 Closing balance 117,834 90,754 5,204 213,792
13
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007
3,299
Obligatory reinsurance Although obligatory reinsurance agreements contain agreed periods of notice, they are generally concluded for an unlimited duration. These treaties between insurers and reinsurers may therefore run for long periods (cf. facultative reinsurance).
34
annual_report
BeazleyPLC-AR_2016
145
Hurricanes Katrina, Rita and Wilma cause massive damage to the southern US. Wilma set a record for the lowest barometric pressure ever recorded in the Atlantic. But it was Katrina that caused by far the greatest loss of life and damage.
41
annual_report
1086
495
The following table provides information about the Corporation's fixed maturity investments at December 31, 1998 that are sensitive to changes in interest rates. The table presents cash flows of principal amounts and related weighted average interest rates by expected maturity dates. The cash flows are based on the ear...
73
10K
1580
3,543
We repurchased 4.0 million shares of our common stock in 2000 for $173 million and 8.8 million shares of our common stock in 1999 for $480 million under our stock repurchase program;
32
10K
4455
1,144
sub-acquisitions. The Second PIP accrual in fees to principals expense is based on the business’s earnings growth rate above its Second PIP Performance Target. To measure growth, the target is allocated on a seasonally adjusted basis, using the seasonal earnings pattern by quarter for the past two years. NFP calculates...
111
10K
2846
709
The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and accompanying notes which appear elsewhere in this Form 10-K. It contains forward-looking statements that involve risks and uncertainties. Please see “Fo...
87
10K
PowszechnyZakladUbezpieczenSA-AR_2013
2,098
Życie;  selection of the entity authorized to audit the financial statements which will audit the annual financial statements of the Company;  wording of the consolidated amended By-laws;  approval of the long-term plans for the development of the Company and annual financial plans drafted by the Management
49
annual_report
DirectLineInsuranceGroupPLC-AR_2020
2,456
Key audit matter description The frequency and severity of bodily injury claims have a significant impact on the valuation of the insurance liabilities and the setting of these assumptions is driven by a variety of factors. These factors include the completeness and accuracy of source data, the transparency of any chan...
108
annual_report
2358
973
During 2004, the company paid-off $183 million of short-term debt. At year-end 2004, the company had one line of credit totaling $75 million with no outstanding balance. There are no financial covenants on the line of credit.
37
10K
1650
449
During the year ended December 31, 2001, total membership increased 613,000, or 8%, primarily due to growth in National business and Local Large Group, including a significant increase in BlueCard membership as a result of strong sales activity and favorable retention. Excluding TRICARE, membership increased 741,000, o...
116
10K
1948
873
Health Power, Inc., therefore, had a $7,000 line of credit at December 31, 2002 ($4,500 at December 31, 2001) under which $287 and $0 were borrowed at December 31, 2002 and 2001, respectively, at an interest rate of LIBOR plus 175 basis points (3.75% and 4.25% at December 31, 2002 and 2001, respectively).
53
10K
5886
260
Under the California Consumer Privacy Act (“CCPA”), California residents enjoy the right to know what information a business has collected from them, the sourcing and sharing of that information, and the right to limit certain uses. CCPA also establishes a private right of action with potentially significant statutory ...
126
10K
5215
2,184
Auto liability reserves increased due to increases in both commercial lines auto and personal lines auto. Commercial auto
18
10K
2301
605
2003 2002 2001 ---------- --------- --------- Available for sale: End of year $ 85,478 $ 2,631 $ (38,382) Amounts allocable to: Deferred acquisition costs (5,245) (477) 1,268 Policyholder account balances (8,070) - - Deferred income taxes (25,258) (754) 12,995 ---------- --------- ---------
42
10K
5900
1,735
There were no shares that vested during 2020. At December 31, 2020, we had $5.7 million of unrecognized compensation cost related to SSUs that will be recognized over a weighted average period of 2.9 years.
35
10K
HelvetiaHoldingAG-AR_2008
642
Sport In the field of sport, Helvetia Switzerland has been supporting the Swiss Foundation for Sport Assistance since last year. This Foundation helps talented young people to develop into top-class sportspeople and paves their way to the world of elite sport.
41
annual_report
4383
1,519
· Net realized capital gains were $390 million in 2011 compared to net realized capital losses of $513 million in 2010.
21
10K
4544
6,678
On January 28, 2013, the Kansas City Life Board of Directors declared a quarterly dividend of $0.27 per share, paid on February 13, 2013 to stockholders of record on February 7, 2013.
32
10K
1720
464
YEAR ENDED DECEMBER 31, 2001 COMPARED WITH YEAR ENDED DECEMBER 31, 2000 -- THE COMPANY
15
10K
PosteItalianeSpA-AR_2017
3,717
Total financial asset at fair value 551 - 5 556 569 - 5 574
14
annual_report
AvivaPLC-AR_2017
71
2 This measure is derived from the Group adjusted operating profit APM. Further details of this measure are included in the ‘Other information’ section.
24
annual_report
DirectLineInsuranceGroupPLC-AR_2018
2,003
We confirm that we have nothing material to report, add or draw attention to in respect of these matters.
19
annual_report
NatwestGroupPLC-AR_2009
2,067
Contingency planning Contingency funding plans have been developed which incorporate early warning indicators to monitor market conditions. The Group reviews its contingency funding plans in the light of evolving market conditions and stress test results. The contingency funding plans cover: the available sources of co...
95
annual_report
5728
453
Diluted earnings per share (“EPS”) decreased by $1.91, or 58.4%, to $1.36 per common share.
15
10K
966
360
Many current installed computer systems and software products are coded to accept only two-digit entries in the date code field and cannot reliably distinguish dates beginning on January 1, 2000 from dates prior to the year 2000. Many companies' software and computer systems may need to be upgraded or replaced in order...
59
10K
SwissReAG-AR_2009
918
100bp increase in credit spreads –3.4 –2.9 –15 30% fall in global equity markets –2.5 –2.5 – 15% fall in global real estate markets –0.6 –0.6 – 100bp parallel increase in global yield curves 0.1 1.0 900
37
annual_report
ch_zurich_insurance_group-AR_2005
352
Goodwill Acquisitions of subsidiaries and associates are accounted for under the purchase method, whereby the purchase price is allocated to the fair value of assets and liabilities acquired at the date of acquisition with any residual amount allocated to goodwill. Goodwill is tested annually for impairment and carried...
120
annual_report
4016
1,551
This fair value estimate of financial guarantees is presented in the table immediately following the first paragraph of this Note 16 on a net basis and includes direct and assumed contracts written, which represent our liability, net of ceded reinsurance contracts, which represent our asset. The fair value estimate of ...
111
10K
SwissReAG-AR_2012
1,921
Base salary and allowances 2 180 1 663 Funding of pension benefits 175 175
14
annual_report
ASRNederlandNV-AR_2018
457
Organic capital creation (OCC) is a recently introduced target. a.s.r. aims for OCC to rise from € 372 million in 2018 to at least € 430 million by 2021. This target is based on a.s.r.’s position as at 10 October 2018. As such, it excludes the impact from any future acquisition (including the acquisition of Loyalis, wh...
74
annual_report
NatixisSA-AR_2019
10,142
The Global Culture and Conduct Committee meets every quarter or on an ad hoc basis to discuss individual cases, approve ESR procedures and supervise their roll-out.
26
annual_report
HelvetiaHoldingAG-AR_2003
822
Helvetia Patria experienced in 2003 a high inflow of new funds in the sum of CHF 1.7 billion which was mainly invested in fixed-interest-rate securities – in line with our investment strategy – in the respective local currency of the business unit. Funds under management amounted to CHF 25.5 billion at the end of last ...
66
annual_report
PosteItalianeSpA-AR_2019
8,846
166. The objective linked to the relative Total Shareholder Return (rTSR) includes a “negative threshold” provision: if Poste Italiane’s TSR is negative, despite being higher than the TSR registered by the index, the number of vested Rights (linked to rTSR) is reduced to the minimum threshold of 50%.
48
annual_report
HelvetiaHoldingAG-AR_2014
3,768
The required capital is the minimum amount of capital funds which an insurance company needs to ensure that it can always meet its liabilities from insurance policies.
27
annual_report
2078
740
On September 30, 2002, Judge Brieant agreed to hold a settlement conference on November 6, 2002 with parties to the securities class actions and the Excess Insurance carriers. In view of the inherent risks and uncertainties of litigation and the related time and expense, and in anticipation of the settlement conference...
51
10K
NatwestGroupPLC-AR_2015
6,229
Amount recorded in the statement of comprehensive income — 198 198 — — (45) (45) —
16
annual_report
RaiffeisenBankInternationalAG-AR_2020
199
The members of the Supervisory Board undertook independent training and professional development measures required for their Supervisory Board roles and for which adequate support from RBI was received. In addition, the members of the Supervisory Board were able to undertake regular professional development training in...
62
annual_report
SwissLifeHoldingAG-AR_2020
3,740
1 Total number of RSUs allocated in the years 2017, 2018 and 2019 in connection with the relevant equity compensation plan. The RSUs represent future subscription rights that entitle the individuals concerned to receive SLH shares after a period of three years, provided that the relevant conditions are met at that poin...
106
annual_report
2925
788
Hedge funds and limited partnerships in which AIG holds in the aggregate less than a five percent interest are reported at fair value. The change in fair value is recognized as a component of other comprehensive income.
37
10K
StorebrandASA-AR_2013
562
The majority of products are closed for new business and the customers' choices about transferring from guaranteed to non-guaranteed products are in line with the Group's strategy.
27
annual_report
4259
8,754
ABS - student loans and other: The primary inputs to the valuation include quoted prices for identical or similar assets in markets that exhibit less liquidity relative to those markets supporting Level 2 fair value measurements, contractual cash flows, benchmark yields, prepayment speeds, collateral performance and cr...
98
10K
2732
829
Certain of the control deficiencies described above resulted in the restatement of the Company’s previously issued audited consolidated financial statements as of December 31, 2004 and December 31, 2003 and for the years then ended and the previously issued 2005 and 2004 unaudited interim consolidated statements. Furth...
143
10K
5400
637
Investment income, net of investment expense, increased $1,387 for the year ended December 31, 2017 compared to 2016. This increase is attributable to an increase in invested assets, as cash and invested assets increased to $313,885 at December 31, 2017 from $207,677 at December 31, 2016, primarily as a result of the p...
74
10K
GjensidigeForsikringASA-AR_2016
822
Marchand is up for election to the Board in 2017. Marchand held 1,481 shares in Gjensidige Forsikring ASA, including any shares held by closely related parties as at 31 December 2016 (last change 10 December 2012).
36
annual_report
3141
1,116
Premiums receivable include premiums billed and in the course of collection as well as WBNR. WBNR is the component of premiums receivable that is subject to judgment and uncertainty. Premiums receivable as of December 31, 2006 of $377,183,000 included $315,243,,000 of WBNR that is based upon estimates. The appropriaten...
202
10K
4063
742
To fund capital transactions and provide working capital to State Auto Financial, in 2009 Stateco, SA National and State Auto P&C declared cash dividends of $5.0 million, $6.5 million and $5.0 million, respectively. The cash transfers of dividends were completed in 2009. The dividends from SA National and State Auto P&...
67
10K
4771
635
Increases in fixed maturity securities primarily resulted from additional purchases made by American Life and Great Plains Life during the first and second quarters of 2013.
26
10K
4739
646
4Operating income and operating return on average equity are non-GAAP measures. See the Glossary of Terms attached to this Form 10-K as Exhibit 99.1 for definitions of these items and see the “Financial Highlights” section in
36
10K
5537
915
options represents the period of time that stock options granted are assumed to be outstanding. The Company uses historical data to estimate the effect of stock option exercise and employee departure behavior; groups of employees that have similar historical behavior are considered separately for valuation purposes. Th...
76
10K
4871
2,181
Other, net gain for the year ended December 31, 2013 was primarily related to gains of $71 on interest rate derivatives primarily associated with fixed rate bonds sold as part of the Individual Life and Retirement Plan business dispositions. For further information on the business dispositions, see Note 2 of Notes to t...
85
10K
AvivaPLC-AR_2017
3,241
Adjusting items: Reclassification of corporate costs and unallocated interest — (5) 17 46 — — — 5 (63) — Investment return variances and economic assumption changes on long-term business (497) — — 86 1 21 10 — — (379) Short-term fluctuation in return on investments backing non-long-term business (135) (95) 42 (2) (1) 2...
161
annual_report
5810
1,903
Our pension plan assets consist of investments in pooled separate accounts and single client separate accounts. Net asset value (“NAV”) of the pooled separate accounts is calculated in a manner consistent with U.S. GAAP for investment companies and is determinative of their fair value. Several of the pooled separate ac...
169
10K
2551
784
Reductions in operating expenses, coupled with the transfer of the Company’s accident and health business to another carrier and the acquisition of SPLIC, contributed to the significant improvement in 2004. In 2003, increases in the
35
10K