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1527
668
Lehman has also amended its master repurchase financing facilities with our finance operations to expand the types of assets financed. As partial consideration for the financing transaction, Lehman received a warrant, with a nominal exercise price, for five percent of the common stock of Conseco Finance. The warrant ha...
120
10K
5668
1,046
• Our U.S. Life Insurance segment increased $20 million. Our long-term care insurance business increased $7 million primarily related to higher general expenses and legal costs in 2019. Our life insurance business increased $14 million largely attributable to a net decrease in deferrals in 2019 reflecting recent lapse ...
68
10K
4960
261
For the year of 2014 and 2013, cash used in investing activities amounted to $1,104,120 and $3,224,873, respectively. For 2014, the fund was mainly used for deposit and prepayment paid for the acquisition of assets, loan made to third party, and cash paid for purchase of fixed assets including a real property located i...
109
10K
PhoenixGroupHoldingsPLC-AR_2014
2,015
These Lenders’ warrants are not traded in an active market and have therefore been valued using an extended Black-Scholes valuation model to capture the embedded barrier feature. The key assumptions used to ascertain a value as at 31 December 2014 are: – the share price as at 31 December 2014 of £8.30; – volatility of ...
65
annual_report
3788
1,608
The second long-term incentive compensation plan allows awards to Company employees for ISOs, NQSOs, restricted stock, restricted stock units, and stock appreciation rights. Non-employee directors are eligible for grants of NQSOs, restricted stock, and stock appreciation rights. Generally, the awards vest based upon ti...
93
10K
2442
726
The Company is obligated under various noncancellable lease agreements providing for office space and equipment rental that expire at various dates through the year 2012. Total rent expense under these lease agreements was $6,921,000, $6,150,000 and $4,815,000 for the years ended December 31, 2004, 2003 and 2002, respe...
48
10K
335
393
The Company owns approximately 7,400 square feet of space in an office condominium building in Warwick, Rhode Island which is utilized by employees. The Company also leases space in two buildings located in New York, New York. One lease relates to approximately 67,000 square feet of office space. The second lease relat...
73
10K
fr_axa-AR_2009
10,358
(c) No tax benefi t is recorded due to the Group tax loss.
13
annual_report
4364
614
Judgment is applied in determining the availability and application of hedge accounting designations and the appropriate accounting treatment under accounting guidance. If it was determined that hedge accounting designations were not appropriately applied, reported net income could be materially affected. Differences i...
111
10K
5634
16,496
Allstate’s Canadian, SquareTrade, Esurance and Answer Financial subsidiaries sponsor defined contribution plans for their eligible employees. Expense for these plans was $15 million, $12 million and $10 million in 2018, 2017 and 2016, respectively.
34
10K
de_allianz-AR_2013
3,193
net income AttributAble to non­controlling interests That part of net income for the year which is not attribut­ able to the shareholders of the Allianz Group but to other third parties who hold shares in affiliates.
36
annual_report
DirectLineInsuranceGroupPLC-AR_2018
3,082
Net investment income yield is defined in the glossary on page 192 and is reconciled on page 194.
18
annual_report
NatixisSA-AR_2008
10,409
Meeting called to approve the accounts for the year ending on
11
annual_report
691
465
SFAS No. 128 requires companies reporting discontinued operations, extraordinary items, or the cumulative effect of accounting changes are to use income from operations as the control number or benchmark to determine whether potential common shares are dilutive or antidilutive. Only dilutive securities are to be includ...
52
10K
1191
306
Total benefits, claims and settlement expenses increased to $233.1 million for 1999 compared to $116.1 million for 1998, an increase of 100.8%. Provident American Life and Health and Continental General accounted for $78.7 million of the total increase of $117.0 million. The remaining $38.3 million is primarily attribu...
236
10K
LloydsBankingGroupPLC-AR_2003
2,334
The weighted average remaining vesting period as at 31 December 2003 was 2 years.
14
annual_report
AvivaPLC-AR_2008
2,136
Costs charged to the income statement comprise the current service cost (the increase in pension obligation resulting from employees’ service in the current period, together with the schemes’ administration expenses), past service cost (resulting from changes to benefits with respect to previous years’ service), and ga...
150
annual_report
INGGroepNV-AR_2001
1,208
Supervisory Board to update its profile in the beginning of 2002.
11
annual_report
4321
937
It is possible that the Company could recognize additional other-than-temporary impairment losses on some securities it owns at December 31, 2010 if future events or information cause it to determine that a decline in value is other-than-temporary.
37
10K
NatixisSA-AR_2013
2,322
Natixis could suffer losses if any of the various instruments and hedging strategies that it uses to hedge the various types of risk to which it is exposed prove ineffective. Many of these strategies are based on observation of historical market behavior and historical correlation analysis. For example, if Natixis hold...
160
annual_report
70
515
Repurchase and resale agreements are carried at the amounts at which the securities will be subsequently reacquired or resold as specified in the respective agreements.
25
10K
RSAInsuranceGroupPLC-AR_2020
40
Visit us online to see summary information and listen to our Group Chief Executive’s statement at www.rsagroup.com/annualreport
17
annual_report
fr_axa-AR_2009
664
AllianceBernstein provides diversifi ed Asset Management and related services globally to a broad range of clients including: ■ D iversifi ed investment management services through separately managed accounts, hedge funds, mutual funds, and other investment vehicles to private clients (such as high net worth individual...
80
annual_report
5106
1,483
Net cash provided by financing activities for the year ended December 31, 2013 was $1.2 million which was primarily attributable to additional net senior debt borrowings.
26
10K
4078
1,210
Specialty Middle Market Business Segment Result of Operations 2009 Compared to 2008 Gross Written Premium. Gross written premium increased $32.2 million or 13.6% to $268.0 million for the year ended December 31, 2009 from $235.8 million for the year ended December 31, 2008. The increase resulted from organic growth of ...
153
10K
ch_zurich_insurance_group-AR_2018
1,588
To ensure global consistency, Nat Cat exposures are modeled centrally. Potential losses from property policies with material exposure in hazard-prone geographical areas and from worker injury policies with material exposure in U.S. seismic zones are probabilistically modeled. Losses for other lines of business are esti...
71
annual_report
4147
1,636
has been made for all uncertain tax positions and that any adjustments by tax authorities with respect to such positions would not have a material adverse effect on our financial position, liquidity, or results of operations.
36
10K
4067
1,376
The Company has entered into various credit default swaps. When credit default swaps are sold, the Company assumes credit exposure to certain assets that it does not own. Credit default swaps may also be purchased to reduce credit exposure in the Company’s portfolio. Credit default swaps involve a transfer of credit ri...
310
10K
2844
1,479
(1) The primary components of other assets in 2005 and 2004 were invested assets, prepaid pension costs and deferred taxes. The primary component of other assets in 2003 was goodwill.
30
10K
3376
1,233
In December 2007, the FASB issued SFAS No. 141 (Revised 2007), -Business Combinations (SFAS No. 141(R)). SFAS No. 141(R) significantly changes the accounting for business combinations and requires the acquiring entity in the transaction to recognize the acquired assets and assumed liabilities at the acquisition-date fa...
113
10K
387
109
Realized capital gains and losses on bonds and mortgages which relate to changes in levels of interest rate risk are charged or credited to an interest maintenance reserve (IMR) and amortized into income over the remaining contractual life of the security sold. The gross realized capital gains credited to the interest ...
73
10K
2084
701
Ratings have become an increasingly important factor in establishing the competitive position of insurance companies. CNA's insurance company subsidiaries are rated by major rating agencies, and these ratings reflect the rating agency's opinion of the insurance company's financial strength, operating performance, strat...
129
10K
5107
967
The Company had current tax receivables of $55,763,000 and $67,623,000 at December 31, 2015 and 2014, respectively. At December 31, 2015, the Company had foreign net operating loss carryforwards $6.1 million that expire beginning in 2031, and an additional $43.2 million that have no expiration date. At December 31, 201...
98
10K
4405
1,349
In our opinion, the accompanying consolidated balance sheets and the related consolidated statements of operations, of comprehensive income, of shareholders' equity and of cash flows present fairly, in all material respects, the financial position of Assured Guaranty Ltd. and its subsidiaries at December 31, 2011 and D...
359
10K
5359
2,321
Specialty - other premiums of $141.1 million during the year ended December 31, 2017, compared to $132.1 million during the year ended December 31, 2016, an increase of $9.0 million or 6.8% primarily due to new business written and was partially offset by the timing of renewals in the casualty class of business.
53
10K
INGGroepNV-AR_2020
1,297
ING`s business and portfolios are exposed to geopolitical risks such as political instability, social unrest or military conflicts, which could adversely affect our operations. Global tensions over trade, technology and ideology pose challenges and have negative effects for economic growth. The Covid19 pandemic could a...
61
annual_report
2048
1,074
The carrying value of fixed maturity investments that did not produce income during 2002 and 2001 was $88 million and $186 million. At December 31, 2002 and 2001, no investments, other than investments in U.S. government agency securities, exceeded 10% of stockholders’ equity.
43
10K
5064
1,024
During the fourth quarter of 2014, the Company substantially completed its comprehensive evaluation of the fair value of the net assets acquired from RPS and the purchase price allocation. As a result, initial goodwill of $50,249 recognized upon the acquisition of RPS on August 29, 2014 in the Acquisition note to the S...
118
10K
SwissReAG-AR_2019
4,088
Reinsurance generated a net income of USD 1.3 billion, compared with USD 1.1 billion in 2018. P&C Re reported a net income of USD 396 million in 2019, up from USD 370 million in 2018. The current year’s result benefited from profitable business growth and a very strong investment result, while both years were adversely...
61
annual_report
AvivaPLC-AR_2020
2,201
Governance Regulatory Remuneration Code Aviva Investors and two small ‘firms’ (as defined by the FCA) within the UK Life Insurance business are subject to the Capital Requirements Directive IV (CRD IV) and the FCA Remuneration Code (SYSC 19A). Additionally, Aviva Investors UK Funds Services Ltd is subject to the Altern...
147
annual_report
AssicurazioniGeneraliSpA-AR_2015
4,321
Europ Assistance India Private Ltd 114 INR 230,590,940 a 11 100.00 Europ Assistance Holding S.A. 100.00 99.99
17
annual_report
3243
2,812
Interest expense related to the Company’s indebtedness included in other expenses was $703 million, $542 million and $428 million for the years ended December 31, 2006, 2005 and 2004, respectively, and does not include interest expense on junior subordinated debt securities. See Note 11.
44
10K
4288
742
2010 compared to 2009-General and administrative expenses increased $4.0 million, or 20%, in 2010 compared to 2009, primarily due to a $1.5 million increase in professional fees associated with consulting services, a $1.1 million increase in stock-based compensation expense due to additional equity grants to employees ...
116
10K
AegonNV-AR_2004
3,158
Under Dutch accounting principles bonds and private placements are shown at amortized cost less provisions for uncollectable amounts, representing the cash value at the balance sheet date of future interest and principal repayment components based on the effective interest rate on the date of acquisition.
45
annual_report
Sampoplc-AR_2007
1,622
86 sampo group annual report 2007 | IFRS Financial Statements: Other Notes
12
annual_report
NatixisSA-AR_2014
8,439
(3) HQE: haute qualité environnementale (high environmental quality), a voluntary French standard; BREEAM: Building Research Establishment (BRE) Environmental Assessment Method, a voluntary UK standard; LEED: Leadership in Energy and Environmental Design, a voluntary US standard. BBC: Bâtiment basse consommation (low-e...
41
annual_report
5429
1,449
Net funds received for the benefit of members was approximately $1.0 billion in 2016, compared with $201.1 million during the same period in 2015. These funds represent the net amount of prescription drug benefits we paid in connection with the low-income cost sharing, catastrophic reinsurance and coverage gap discount...
82
10K
nl_ing_grp-AR_2015
197
Strong performance in 2015 We made progress on many fronts during 2015 in building a bank able to support our customers and fulfil its obligations to other stakeholders in the future. We believe we are well positioned to continue to be successful.
42
annual_report
4686
1,524
As a member of Lloyd's and a capital provider to Syndicate 1729 we are required to provide capital, referred to as Funds at Lloyd's (FAL), to support Syndicate 1729. In order to meet these FAL requirements, we provided a standby letter of credit of £41.9 million (approximately $69.3 million at December 31, 2013) and ca...
171
10K
AegonNV-AR_2000
1,099
The following amounts on account of reinsurance have been deducted from the technical provisions: Unearned premiums and unexpired risks 35 16 34
22
annual_report
3243
1,205
Liabilities for future policy benefits for disabled lives are estimated using the present value of benefits method and experience assumptions as to claim terminations, expenses and interest.
27
10K
5245
1,501
The liability for policy and contract claims decreased from $87.0 million to $82.9 million during the year ended December 31, 2016. The decrease in the liability was primarily attributable to the decrease in IBNR for our Medicare Advantage business due to lower inventory levels.
44
10K
5264
1,052
our expectation that we will be in a cumulative profit in a three-year period in 2017.
16
10K
3965
875
Interest spread on fixed deferred annuities decreased 2008 to 2009 primarily as a result of a decreasing yield on our cash position, a decreasing yield on our bond positions, and our cash position being above target in proportion to the total asset portfolio. We will continue to hold our cash position until long-term i...
56
10K
4282
1,904
The Company is part of a catastrophe reinsurance pool with other insurance companies. This pool spreads catastrophe losses from group life and AD&D over 23 participating members. The annual fee paid by the Company in 2010 to participate in the pool was less than $30,000. As a member of the pool, the Company is exposed ...
153
10K
5801
985
Property and equipment, net consists of the following at December 31, 2019 and 2018 (in thousands):
16
10K
NatwestGroupPLC-AR_2017
5,289
Lombard Business Leasing Ltd BF FC 280 Bishopsgate, London, EC2M 4RB, England
12
annual_report
SwissReAG-AR_2012
2,483
Maximum potential loss In consideration of the rights of setoff and the qualifying master netting arrangements with various counterparties, the maximum potential loss as of 31 December 2011 and 2012 was approximately USD 3 932 million and USD 3 463 million, respectively. The maximum potential loss is...
62
annual_report
HelvetiaHoldingAG-AR_2014
3,208
Financial assets at fair value through profit or loss 458.4 927.0 441.7 184.5 3 478.3 5 489.9
17
annual_report
NatwestGroupPLC-AR_2019
2,529
Wholesale Early problem identification Each segment and sector has defined early warning indicators to identify customers experiencing financial difficulty, and to increase monitoring if needed. Early warning indicators may be internal, such as a customer’s bank account activity, or external, such as a publiclylisted c...
87
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012
413
Standing Committee Dr. jur. Hans-Jürgen Schinzler (Chairman until 31 December 2012) Dr. Ing. e. h. Dipl.-Ing. Bernd Pischetsrieder (Chairman since 1 January 2013) Herbert Bach Hans Peter Claußen Prof. Dr. rer. nat. Dr.-Ing. e. h. Henning Kagermann (since 1 January 2013) Wolfgang Mayrhuber
43
annual_report
fr_axa-AR_2002
3,585
(a) Last grant contingent on meeting the objectives set for the various companies for the period from 12/31/1996 to 12/31/2000.
20
annual_report
NatwestGroupPLC-AR_2015
3,799
Business risk is directly managed and controlled through RBS’s strategic planning, budgeting and new product development processes, in which the following elements are incorporated: • Evaluation of the macroeconomic environment; • Industry analysis; • Competitor analysis, across geography, product, customer; • Customer...
64
annual_report
2111
3,279
Total $ 766 .9 $ 75 .5 $ 266 .0 $ 9 .3 $ 416 .1
16
10K
5741
1,524
Developing a range of independent estimates of discount rates for each selected customer relationship intangible asset and comparing those to the respective discount rates utilized by management.
27
10K
AvivaPLC-AR_2018
1,584
Mark (£1,835,716) in respect of his services from the start of the year to 8 October 2018, and the pro rata fees paid to Sir Adrian Montague in his role as Executive Chairman for the period 9 October to 31 December 2018. This approach is consistent with legislative requirements that will apply from next year. However, ...
84
annual_report
ch_zurich_insurance_group-AR_2010
2,690
Financial liabilities at FV through profit or loss Trading: Obligation to repurchase securities (3,330) (3,976) (3,330) (3,976)
17
annual_report
4883
5,734
Savings plans for eligible employees and agents match employee and agent contributions up to 8% of salary and 2.5% of agents’ prior year paid commissions, respectively. Contributions to the plan in 2014 were $2.1 million (2013 - $2.1 million; 2012 - $3.2 million). The Company may contribute an additional profit sharing...
116
10K
2738
927
. The loss and LAE ratio is the percentage of losses and loss adjustment expenses (including corporate expenses) incurred to earned premiums. We calculate this ratio net of our reinsurance recoveries. We use this ratio as a measure of the overall underwriting profitability of the insurance business we write and to asse...
57
10K
NatwestGroupPLC-AR_2008
1,990
Annual incentives No annual incentive has been awarded to any executive director in relation to 2008 performance.
17
annual_report
HannoverRueckSE-AR_2012
2,615
The Group companies E+S Rückversicherung AG, Hannover Finance (Luxembourg) S.A., Hannover Re (Ireland) Plc and Hannover Re (Bermuda) Ltd. invested in a nominal amount of altogether EUR 150.0 million in a bearer debenture of Talanx AG with a term until 8 July 2013 and a coupon of 5.43%. The carrying amount of the instru...
87
annual_report
TopdanmarkAS-AR_2013
912
308B308BThe unconditional profit elements comprise the return on assets allocated to shareholders' equity, acquisition cost result and the profit on policies outside of contribution.
24
annual_report
4577
1,235
purchased under the Stock Purchase Plan, resulting in $8.5 of related compensation cost. As of December 31, 2012, 6.1 shares were available for issuance under the Stock Purchase Plan.
29
10K
GjensidigeForsikringASA-AR_2010
2,107
Prepaid expenses and earned, not received income 11 11.5 11.5 7.8 7.8
12
annual_report
fr_axa-AR_1999
3,633
(7) R. Gogel joined AXA Group in January 2000. His fixed salary is € 550,174 for 2000. (8) L. Owen joined AXA Australia in November 1999. His compensation includes its bonus quota invested in the Sun Life Executive Deferred Incentive Plan (€ 845,182). (9) P. Thourot joined AXA Group in January 1999. (10) The bonus incl...
69
annual_report
StorebrandASA-AR_2015
1,539
Movements from level 1 to level 2 reflect reduced sales value in the relevant equities and bonds in the last measuring period. On the other hand, movements from level 2 to level 1 indicate increased sales value in the relevant equities and bonds in the last measuring period.
48
annual_report
ch_zurich_insurance_group-AR_2005
1,501
Embedded value sensitivities The following tables show the sensitivity of our 2005 embedded value and value of new business to changes in several key assumptions: Change in in USD millions embedded value
32
annual_report
1178
372
Sources of liquidity available to the Company on a parent company-only basis, including the undistributed earnings of its subsidiaries and additional borrowings available under the Credit Agreement, are expected to exceed the Company's current and long-term cash requirements.
38
10K
425
557
See separate Index to Financial Statements and Financial Statement Schedules on page 66. See Note 21 of Notes to Financial Statements as to condensed quarterly results of operations.
28
10K
5374
1,233
The total impact of net unrealized gains on investment securities was $1.11 billion after-tax at December 31, 2017, which included the $954 million reported in accumulated other comprehensive income shown above, as well as $158 million included in retained earnings that was part of the impact of enactment of the Tax Cu...
60
10K
NatwestGroupPLC-AR_2019
2,325
Capital planning is one of the tools that RBS Group uses to monitor and manage capital risk on a going and gone concern basis, including the risk of excessive leverage.
30
annual_report
4404
6,707
Indemnity’s components of direct cash flows as included in the Consolidated Statements of Cash Flows are as follows for the years ended December 31:
24
10K
AegonNV-AR_2007
1,435
Claims paying ability and financial strength ratings are factors in establishing the competitive position of insurers.
16
annual_report
5059
1,631
We assumed certain health care and life insurance benefits for retired Chicago Title employees in connection with the FNF merger with Chicago Title. Beginning on January 1, 2001, these benefits were offered to all employees who met specific eligibility requirements. Additionally, in connection with the acquisition of L...
209
10K
ASRNederlandNV-AR_2018
2,149
Participating contracts include additional obligations relating to contractual dividends or profit-sharing and are stated net of capitalised interest rate rebates. These interest rate rebates are amortised in accordance with actuarial principles to the extent that the expected surplus interest is realised.
41
annual_report
NatwestGroupPLC-AR_2019
4,018
At 1 January 2,657 643 3,300 1,957 2,692 530 3,222 2,187 Amounts recorded in the income statement (1) (418) (1) (419) 162 (147) 178 31 (344) Amounts recorded in the statement of comprehensive income — 86 86 — — 23 23 — Level 3 transfers in 492 2 494 104 1,307 19 1,326 419 Level 3 transfers out (857) (59) (916) (588) (6...
126
annual_report
4095
3,122
Net Unrealized Investment Gains and Losses on Fixed Maturity Securities on which an OTTI loss has been recognized
18
10K
2488
756
During the year ended December 31, 2004, the Company completed 58 acquisitions. Individually, these acquisitions were not material. Of these acquisitions, 38 have been in the Company’s title insurance segment, 3
31
10K
777
392
On August 31, 1997, the Company completed the sale of substantially all of the assets of its property and casualty information services business for cash proceeds of $2.9 million. The Company retained the working capital of this business (approximately $14.3 million). This transaction produced a non-recurring gain of $...
80
10K
LloydsBankingGroupPLC-AR_2020
4,882
Distributions on other equity instruments — — — — (453) — (453)
12
annual_report
5327
3,415
Metropolitan Life Insurance Company reevaluates on a quarterly and annual basis its exposure from asbestos litigation, including studying its claims experience, reviewing external literature regarding asbestos claims experience in the United States, assessing relevant trends impacting asbestos liability and considering...
144
10K
5494
991
The Company’s AFS and HTM securities for which the fair value is less than amortized cost are reviewed no less than quarterly in order to determine whether a credit loss exists. This evaluation includes both qualitative and quantitative considerations. In assessing whether a decline in value is related to a credit loss...
153
10K
HelvetiaHoldingAG-AR_2014
2,792
Deferred taxes recognised directly in equity arise from valuation differences that primarily result from the fair value valuation of AFS financial assets and value changes related to the transfer of property and the revaluation of benefit obligations. On the reporting date, they amounted to a total of CHF 220.2 million...
56
annual_report
SwissLifeHoldingAG-AR_2003
294
Change in 2003 Embedded value for the Swiss Life Group came to CHF 6911 million as of 31 December 2003. This represents a rise of CHF 851 million against the previous year. The improvement was driven primarily by cost savings in all areas as well as the price adjustments for insurance products, which led to an increase...
170
annual_report
608
247
Selling, general and administrative expenses were $5,767,808 in 1997 compared to $5,610,176 in 1996. The increase in selling, general and administrative expenses from 1997 to 1996 reflects an increase in the bad debts expense.
34
10K
RSAInsuranceGroupPLC-AR_2015
2,737
RSA Annual Report and Accounts 2015 141Financial statements – Notes to the Statement of Financial Position
16
annual_report
5068
434
The Company carries a net deferred income tax asset of $506 and $263 at December 31, 2015 and 2014, respectively, all of which the Company believes is more likely than not to be fully realized based upon management’s assessment of future taxable income.
43
10K
4811
1,378
Certain of our debt instruments, credit facilities and committed facility contain various administrative, reporting, legal and financial covenants. We believe we were in compliance with all such covenants at December 31, 2013.
32
10K
1486
442
Net realized investment gains (losses). Net realized investment losses totaled $6.6 million in 2000 compared to net realized investment gains of $4.2 million in 1999. In 2000, the Company realized losses of $11.4 million on the sale of fixed maturity investments and gains of $4.3 million on the sale of common stocks. I...
79
10K
2861
1,668
For the twelve months ended December 31, 2003. The analysis of the favorable development on a segmental basis for the period is as follows:
23
10K