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ScorSE-AR_2013
6,537
Pursuant to the provisions of Article R.225-102 of the French Commercial Code, the following table presents a summary of SCOR SE operating results during each of the last five financial years: I. - Financial position at the end of the year: c) Number of convertible bonds to shares - - - - 10,765,428
53
annual_report
5203
1,685
Within our fixed maturity investments, we maintain portfolios classified as “available-for-sale”, “trading”, and “held-to-maturity”. We purchase our available-for-sale investments with the intent to hold to maturity by purchasing investments that match future cash flow needs. However, we may sell any of our available-f...
152
10K
NatixisSA-AR_2005
1,070
Private Equity and Wealth Management contributed 9% of total net banking income generated by the core businesses.
17
annual_report
RSAInsuranceGroupPLC-AR_2008
824
The results and financial position of those Group entities whose functional currency is not Sterling are translated into Sterling as follows: Assets and liabilities for each balance sheet presented are translated at the closing exchange rate at the date of that balance sheet Income and expenses for each income statemen...
70
annual_report
Sampoplc-AR_2002
1,025
Average number of staff Average of month-end figures, adjusted for part-time staff *) In calculating the returns on equity and assets and net asset value per share, the valuation differences have been adjusted for the “other required items (Ministry of Finance decree)” component of the solvency margin, which includes d...
57
annual_report
gb_prudential-AR_2013
2,746
Profit (loss) before tax attributable to shareholders 977 855 872 511 39 69 3,323 (576) 2,747 * The 2012 comparative results have been adjusted from those previously published for the retrospective application of the new and amended accounting standards described in note A2.
43
annual_report
ch_zurich_insurance_group-AR_2010
2,675
On November 12, 2010, the Amsterdam Court of Appeal provisionally ruled that it has jurisdiction to consider the petition for approval of the settlement. The Amsterdam Court of Appeal directed the parties to notify the class about the proposed settlement and will hold a hearing on October 3 and 4, 2011 to consider whet...
63
annual_report
RSAInsuranceGroupPLC-AR_2015
3,679
Ex dividend date for the ordinary final dividend for 2015 and the first preference dividend for 2016.
17
annual_report
5577
1,816
Net investment income was $261.9 million in 2018, compared to $222.2 million in 2017, an increase of $39.7 million. Impacting our net investment income for 2018 were higher average invested assets in our fixed maturity and short term investment portfolios, combined with the impact of interest rate increases during rece...
113
10K
3250
610
Surrender charges totaled $18.3 million in 2006, $13.5 million in 2005 and $9.9 million in 2004. Surrender charges increased due primarily to an increase in surrenders relating to growth in the volume and aging of business in force. The average aggregate account value for annuity and universal life insurance in force, ...
204
10K
1973
1,086
Nearly half of GAFRI's fixed annuity liabilities at December 31, 2002, were two-tier in nature in that policyholders can receive a higher amount if they annuitize rather than surrender their policy, even if the surrender charge period has expired. At December 31, 2002, the average crediting rate on GAFRI's principal fi...
128
10K
993
440
The Company has analyzed the risks associated with the year 2000 issues and concluded that the biggest risk which the Company can have a reasonable influence toward preventing is the lack of Y2K compliance by the commercial lines property and casualty production system. The commercial lines represent approximately $20,...
76
10K
SwissReAG-AR_2019
4,458
48 Swiss Re | Financial Review 2019 d) Net premiums earned and fee income from policyholders by geography Net premiums earned and fee income from policyholders by region for the years ended 31 December
34
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2017
1,068
Munich Reinsurance Company has submitted the Statement of Corporate Governance in accordance with Section 289f of the Commercial Code (HGB), and the Group Statement of Corporate Governance in accordance with Section 315d HGB. The Statements have been combined and can be found at www.munichre.com/cg-en.
44
annual_report
1800
504
At December 31, 2001, Americo held four United Fidelity surplus debentures with an aggregate unpaid balance of $120.0 million. The terms of the surplus debentures have been established to provide for the payment of principal and interest to Americo in amounts sufficient to make timely payments on Americo's external deb...
88
10K
ch_zurich_insurance_group-AR_2018
1,414
Finding ways of doing things differently, using digital capabilities and focusing on providing assurance, insight, and oversight for all our stakeholders are key factors driving our digitalization.
27
annual_report
3674
1,403
U.S. Retirement and Investment Management Market. We look to capitalize on the growing need of baby boomers for products that provide guaranteed income for longer retirement periods. In addition, we continue to focus on our clients’ increasing needs for retirement income security given the volatility in the financial m...
49
10K
NatwestGroupPLC-AR_2015
6,130
Bid-offer spreads vary by maturity and risk type to reflect different spreads in the market. For positions where there is no observable quote, the bid-offer spreads are widened in comparison to proxies to reflect reduced liquidity or observability. Bid-offer methodologies may also incorporate liquidity triggers whereby...
55
annual_report
INGGroepNV-AR_2014
1,585
Furthermore, EY also audited and reported on the effectiveness of internal control over financial reporting on 31 December 2014.
19
annual_report
3712
1,502
Expected volatility of 43 percent and 44 percent, respectively, based on our historical daily stock prices.
16
10K
RaiffeisenBankInternationalAG-AR_2017
27
NPE coverage ratio 56.3% 66.3% (10.0) PP 66.7% – – –
11
annual_report
5947
1,428
Redemption Terms in Senior Notes. We have the option to redeem the Senior Notes due 2024, 2025 and 2027, in whole or in part, at any time, or from time to time, prior to July 1, 2024 (the date that is three months prior to the maturity date of the Senior notes due 2024), September 15, 2024 (the date that is six months ...
246
10K
4200
310
These factors are reviewed quarterly and any material degradation in the prospect for recovery will be considered in the other-than-temporary impairment analysis. Such reviews are inherently uncertain and the value of the investment may not fully recover or may decline in future periods resulting in a realized loss. Th...
92
10K
4143
7,720
Net unrealized investment gains and losses on securities classified as available-for-sale and certain other assets are included in the consolidated balance sheet as a component of accumulated other comprehensive income (loss) (“AOCI”). The table below presents the special category of AOCI for debt securities that are o...
77
10K
5063
1,252
In April 2015, the FASB issued ASU 2015-03, "Interest - Imputation of Interest (ASC Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs" ("ASU 2015-03"), which requires debt issuance costs related to a recognized debt liability to be presented in the balance sheet as a direct deduction from the carryi...
118
10K
5408
772
The estimated fair value of cost-basis investments is calculated from the book value of the underlying entities, which is not materially different from the fair value of the underlying entity. These items are included in other investments in the Consolidated Balance Sheets.
42
10K
1484
403
Interest expense in 1999 was $16.6 million, $6.0 million higher than in 1998, reflecting the first full year of interest on debt issued in the fourth quarter of 1998. For further discussion, see Liquidity and Capital Resources below.
38
10K
5319
1,770
S&P’s outlook for Radian Group, Radian Guaranty and Radian Reinsurance currently is Stable.
13
10K
nl_ing_grp-AR_2012
3,307
Life & ING IM operating result 794 201 666 20 187 1,869
12
annual_report
gb_prudential-AR_2007
3,383
No rights were granted in the RSP if the Company’s TSR performance as ranked against the comparator group is below 50th percentile. An option of 25 per cent of the maximum award is made. The maximum grant is made only if the TSR ranking of the Company is 20th percentile or above. Between these points, the size of the g...
71
annual_report
NatixisSA-AR_2013
2,118
The monitoring and support unit set up to coordinate and steer the various crisis units and to inform executive crisis unit members (CDG Natixis), particularly in the event of a cross-business crisis, was contacted for several incidents that did not cause any harm.
43
annual_report
AegonNV-AR_2012
5,207
Effective October 31, 2011, Aegon entered into a Joint Venture contract with Banca Civica, an entity created by a Spanish institutional protection system (similar to a merger) of Caja Navarra, Cajasol, Caja Burgos and Caja Canarias. Aegon Spain is the sole insurance partner of Banca Civica to provide life, health and p...
88
annual_report
HelvetiaHoldingAG-AR_2016
2,515
18.2 Events in the previous period – In 2015, the Group increased its investment in the Nationale Suisse Group from 98.5 % to 100 %. – The branch office Helvetia Swiss Insurance Company Ltd, Singapore, was established on 6 January 2015. – Helvetia Schweizerische Versicherungsgesellschaft AG, St Gall, and Schweizerische...
51
annual_report
5256
719
a $96 million increase in insurance-related liabilities resulting from the ULSG Model Change; and
14
10K
LloydsBankingGroupPLC-AR_2004
348
The following table shows closing, average, maximum and minimum VaR for the years ended 31 December 2004 and 2003 on a 99 per cent confidence ten day basis.
28
annual_report
3615
1,337
The following table identifies fixed maturities by credit quality on a consolidated basis as of December 31, 2007 and 2006. The ratings referenced below are based on the ratings of a nationally recognized rating organization or, if not rated, assigned based on the Company’s internal analysis of such securities.
49
10K
2457
1,627
The Company leases office space to SLOC under lease agreements with terms expiring in September 2009 and options to extend the terms for each of twelve successive five year terms at fair market value of the fixed rent for the term, which is ending. Rent received by the Company under the leases amounted to approximately...
79
10K
LloydsBankingGroupPLC-AR_2014
5,338
Unallocated surplus within insurance businesses – – – – – – 391 391
13
annual_report
4057
4,508
carryforward and all of the deferred tax asset related to the AMT credit carryforward would not be realized. Factors considered by management in its assessment included historical earnings, scheduled reversal of deferred tax liabilities and projections of future earnings.
39
10K
5094
707
The relative strength and stability of financial markets and economies in the United States and Canada affect our growth and profitability. Our business is, and we expect will continue to be, influenced by a number of industry-wide and product-specific trends and conditions. Economic conditions, including unemployment ...
149
10K
1197
967
Company-Obligated Mandatorily Redeemable Preferred Securities of Subsidiary Trusts Holding Solely Junior Subordinated Debentures. Fair values for company-obligated mandatorily redeemable preferred securities of subsidiary trusts holding solely junior subordinated debentures are based on quoted market prices less the un...
41
10K
SwissReAG-AR_2010
2,439
Debts decreased by CHF 1.9 billion to CHF 10.3 billion as a result of redemptions of intragroup loans.
18
annual_report
ScorSE-AR_2019
2,360
Retrocession procedures are centralized within the retrocession teams of the P&C and Life business units: SCOR’s P&C and Life Retrocession Departments establish and implement the external retrocession plans for the P&C and Life businesses. These departments are responsible for proper application of the plan, for monito...
96
annual_report
Sampoplc-AR_2008
1,065
and Board of Directors on a quarterly basis. The ORC is supported by Operational Risk Management (ORM) which on its behalf is responsible for the practical details related to incident reporting.
31
annual_report
877
275
Incurred losses and loss adjustment expenses related to the personal automobile and homeowners insurance assumed from MEEMIC (the "personal liability insurance") totaled $28.0 million for 1998, an increase of $14.9 million, or 114.1%, compared to $13.1 million for 1997 (the MEEMIC reinsurance agreement was not in force...
109
10K
ScorSE-AR_2016
857
●● Permanent representative of La Sauvegarde on the Board of Directors of AME Réassurance (France)
15
annual_report
4116
1,152
Effective December 31, 2009, the Company adopted new guidance on: (i) measuring the fair value of investments in certain entities that calculate NAV per share; (ii) how investments within its scope would be classified in the fair value hierarchy; and (iii) enhanced disclosure requirements, for both interim and annual p...
67
10K
3514
665
At December 31, 2007, we had $800 million of borrowings under the credit agreement outstanding at an interest rate, which varies with LIBOR, of 5.30%. In addition, we have outstanding letters of credit of $2.0 million secured under the credit agreement. No amounts have ever been drawn on these letters of credit. As of ...
87
10K
3912
1,448
Our evaluation of market declines for other-than-temporary impairment is based on management’s case-by-case evaluation of the underlying reasons for the decline in fair value. We consider a wide range of factors about the security and use our best judgment in evaluating the cause of the decline in the estimated fair va...
245
10K
5513
2,757
2017 compared to 2016. The increase in income tax expense in 2017 compared to 2016 was due to the 2017 remeasurement of net deferred tax assets at the lower corporate income tax rate under the Tax Act, the 2017 increase in income before tax, and an additional tax provision recorded for the expected settlement of our IR...
139
10K
2131
554
In reserving for catastrophe losses, our estimates are influenced by underwriting information provided by our clients, industry catastrophe models and our internal analyses of this information. This reserving approach can cause significant development for an accident year when events occur late in the year, as happened...
186
10K
4178
2,311
The accounting policies of the operating segments are consistent with those described in Note 2 - Basis of Presentation and Significant Accounting Policies. There are no inter-segment revenues, with segments operating on a revenue-sharing basis equivalent to that used when sharing business with other third-party broker...
46
10K
AvivaPLC-AR_2018
3,619
Our approach to managing credit risk recognises that there is a risk of adverse financial impact resulting from fluctuations in credit quality of third parties including default, rating transition and credit spread movements. Our credit risks arise principally through exposures to debt security investments, structured ...
56
annual_report
NatwestGroupPLC-AR_2020
1,558
(2) Comprises assets under management, assets under custody and investment cash. (3) Private Banking manages assets under administration portfolios on behalf of Retail Banking and RBSI and receives a management fee for providing this service.
35
annual_report
757
563
In the past, funds have been borrowed under bank facilities and used for working capital, capital infusions into subsidiaries, and to retire other issues of short-term or high- rate debt and preferred stock. Also, AFC believes it may be prudent and advisable to utilize portions of the bank debt in the normal course ove...
59
10K
gb_prudential-AR_2018
1,006
Reverse stress testing, which requires the Group to ascertain the point of business model failure, is another tool that helps us to identify the key risks and scenarios that may have a material impact on the Group.
37
annual_report
4317
1,106
For investments that have quoted market prices in active markets, the Company uses the quoted market prices as fair value and includes these prices in the amounts disclosed in the Level 1 hierarchy. To date, we have only included U.S. government fixed maturity instruments as level 1. The Company receives the quoted mar...
174
10K
fr_axa-AR_2019
10,498
III. NET INCOME FOR THE FINANCIAL YEAR VI + VII +VIII 4,301 307
13
annual_report
3476
1,254
or exchangeable for shares of common stock or non-voting common stock) without consideration or for a consideration per share less than the market price of the common stock or non-voting common stock in effect immediately prior to the issuance or sale. In that event, the conversion price will be reduced to a conversion...
195
10K
BaloiseHoldingLtd-AR_2017
817
Basic salary ▸ Aim for a position around the market median ▸ Reflection of the responsibilities of the role and the individual’s long-term performance
24
annual_report
5303
1,044
On February 1, 2017, the Company declared a special dividend of $0.59 per Common Share and RSU, which is payable on March 15, 2017 to holders of record on February 28, 2017. The total amount of the special dividend to be paid in March 2017 is $5.2 million. The Company intends to pay the special dividend with funds it e...
86
10K
5317
931
premium payments, fees to service providers and payments of interest, a percentage of the collections from policy proceeds are to be paid to the Company, which will vary depending on the then LTV ratio as illustrated below where the valuation is determined by the lenders:
45
10K
AvivaPLC-AR_2014
2,513
5 – Segmental information continued (a) (iii) Segmental statement of financial position as at 31 December 2014
17
annual_report
1989
859
In 1999, we sold our individual life reinsurance business and discontinued the operations of our group accident and health and group life reinsurance business. We adopted a plan to stop writing new contracts covering these risks and end our existing contracts as soon as those contracts would permit. However, we remain ...
57
10K
540
543
and to the purchase of fixed maturity and short-term investments. Premiums are typically received in advance of related claim payments.
20
10K
AegonNV-AR_2011
6,738
rates applicable to "qualified dividend income" are currently scheduled to expire on December 31, 2012, unless further extended by Congress. Each US holder should consult their tax advisor regarding the reduced rate.
32
annual_report
SwissReAG-AR_2012
849
Corporate Solutions regards talent management as a core growth enabler. Since early 2011 the Business Unit has been recruiting top local talent, providing customised training and job rotations. This investment, combined with strong customer centricity and a results orientation, is significantly contributing to Corporat...
116
annual_report
5643
606
Although our profit margins continue to be pressured by the impact of the low interest rate environment on our net investment income yields, our invested asset quality remains strong. The net unrealized gain on our fixed maturity securities was $2.7 billion at December 31, 2018, compared to $5.7 billion at December 31,...
89
10K
NNGroupNV-AR_2015
288
Read more information about our risk management approach on page 23 of this Annual Review, as well as a more extensive description on pages 119–141 of the Financial Report.
29
annual_report
62
249
Provisions for depreciation of real estate investments and home office properties are computed using primarily the straight-line method over the estimated useful lives. Accumulated depreciation on real estate investments at December 31 was $25,086,000 and $24,184,000 in 1994 and 1993, respectively. Accumulated deprecia...
61
10K
5695
1,588
Financial Oversight and Management Board for Puerto Rico, et al. v. Autonomy Master Fund Limited, et al. (United States District Court, District of Puerto Rico, No. 19-ap-00291, filed May 2, 2019). On May 2, 2019, the Financial Oversight and Management Board for Puerto Rico (the "Oversight Board"), together with the Of...
269
10K
NatwestGroupPLC-AR_2015
6,976
RBS’s CIB business in North America has been a purchaser of non-agency US residential mortgages in the secondary market, and an issuer and underwriter of non-agency residential mortgage-backed securities (MBS). CIB did not originate or service any US residential mortgages and it was not a significant seller of mortgage...
54
annual_report
HannoverRueckSE-AR_2006
269
Management report business development transaction has been completed – most likely in the second quarter of 2007 – we shall concentrate exclusively on our core business of reinsurance.
28
annual_report
5169
597
Net earnings attributable to Alleghany stockholders were $560.3 million in 2015, compared with $679.2 million in 2014 and $628.4 million in 2013.
22
10K
5052
1,552
jurisdictions in which they operate. The significant jurisdictions in which ACGL’s subsidiaries and branches are subject to tax are the United States, United Kingdom, Ireland, Canada, Switzerland and Denmark.
29
10K
2895
2,579
Positions in derivative instruments. The following table sets forth our positions in derivative instruments and the estimated fair values as of the dates indicated. The fair value of derivative instruments, including financial futures, interest rate and foreign currency swaps, foreign currency forward contracts and equ...
58
10K
3950
1,209
At December 31, 2009, our fixed maturity portfolio had $400.5 million of unrealized gains and $870.1 million of unrealized losses, for a net unrealized loss of $469.6 million. Estimated fair values of fixed maturity investments were determined based on estimates from: (i) nationally recognized pricing services (85 perc...
70
10K
3286
1,151
As of December 31, 2007, there was $1,621 of unrecognized compensation expense related to non-vested option awards that is expected to be recognized over a weighted average period of 1.9 years.
31
10K
5185
1,358
membership than expected in our original 2015 bids. In October 2015, we received an $845.5 million settlement payment from CMS relating to the 2014 Part D plan year, which resulted in a meaningful reduction in our CMS Part D receivable included in our funds receivable for the benefit of members as well as the CMS risk ...
57
10K
5208
1,737
Operating earnings (loss) excludes net realized capital gains or losses, amortization of other acquired intangible assets and the other items described in this Note 18.
25
10K
RaiffeisenBankInternationalAG-AR_2014
2,052
No lending transaction is performed in the non-retail segments without running through the limit application process beforehand. This process is also consistently applied – besides new lending – to increases in existing limits, roll-overs, overdrafts, and if changes in the risk profile of a borrower occur (e.g., with r...
94
annual_report
de_allianz-AR_2014
389
A general description of the functions of the Board of Management, the Supervisory Board and their committees can be found in the Corporate Governance Report starting on page 35, and on our website: www.allianz.com/corporate-governance.
34
annual_report
4356
1,857
PartnerRe Ltd. (the Company) provides reinsurance on a worldwide basis through its principal wholly-owned subsidiaries, including Partner Reinsurance Company Ltd. (PartnerRe Bermuda), Partner Reinsurance Europe plc (PartnerRe Europe) and Partner Reinsurance Company of the U.S (PartnerRe U.S.). Risks reinsured include, ...
91
10K
5278
1,607
The following table presents information for qualified and non-qualified pension plans with a projected benefit obligation in excess of plan assets as of December 31, 2016 and 2015 (dollars in thousands):
31
10K
3152
1,407
Corporate operations consist primarily of: (1) corporate-level income and expenses, after allocations to any of our business segments, including income and expense from our qualified pension and other employee benefit plans and investment returns on capital that is not deployed in any of our segments; (2) returns from ...
89
10K
4043
653
We manage our investment portfolio with a strategy designed to achieve superior risk-adjusted returns consistent with the investment philosophy of maintaining a largely investment grade portfolio and providing adequate liquidity for obligations to policyholders and other requirements.
37
10K
4764
1,187
At December 31, 2013, the Company's subsidiary, South Bay had a $15.0 million revolving line of credit agreement (the "Line of Credit") with Synovus Bank, entered into in October 2013, with a maturity date of April 2017. The Line of Credit bears interest at a rate of 300 basis points plus the 90-day LIBOR. The Line of ...
154
10K
fr_axa-AR_2005
3,882
(a) Fair value equals net carrying value. (b) Including derivative instruments related to investments backing contracts where the financial risk is borne by the policyholders (including derivatives included in consolidated investment funds), as well as cash and cash equivalents backing these contracts.
42
annual_report
4557
1,698
Operating earnings increased by $157 million over the prior period. The impact of changes in foreign currency exchange rates reduced operating earnings by $3 million for 2012 compared to the prior year.
32
10K
3077
848
As mentioned in Note 2, “Stock Compensation Plans”, with the adoption of SFAS 123-R, Ambac used a Monte Carlo simulation model for the 2006 stock option grant. The model utilizes multiple input variables that determine the probability of satisfying each market condition stipulated in the option grant and calculates the...
87
10K
gb_lloyds_banking_grp-AR_2015
1,086
Succession planning Our approach to succession planning ensures the desired mix of skills and experience of Board members, now and in the future. Just as importantly, talent needs to be recognised and nurtured within executive and management levels and across the Group as a whole.
45
annual_report
TrygAS-AR_2013
1,404
Total investment assets according to the statement of financial position 46,629
11
annual_report
4370
4,259
* Excludes DSUs and options, which are discussed under the Non-Employee Plans and Stock Options sections above. The total unrecognized compensation cost (net of expected forfeitures) related to unvested SICO awards is $71 million and the weighted-average and expected period of years over which those costs are expected ...
78
10K
INGGroepNV-AR_2019
6,793
This demonstrates a robust set of definitions, measurement processes and reporting.
11
annual_report
501
1,117
The assets held by ILCO's life insurance subsidiaries must comply with applicable state insurance laws and regulations. In selecting investments for the portfolios of its life insurance subsidiaries, the Company's emphasis is to obtain targeted profit margins, while minimizing the exposure to changing interest rates. T...
82
10K
4091
698
Fixed maturity securities held by the Company generally have an investment quality rating of “A” or better by independent rating agencies. The following table shows the composition of the Company’s fixed maturity securities, by rating, as of December 31, 2009.
40
10K
5262
451
The Company entered into a lease with a third party lessor in 2014 for utilization of office space in Austin, Texas. The lease agreement was for the period May 1, 2014 through May 31, 2017. The lease required a deposit in the amount of $3,992 and also abated the first month’s rent. The monthly rental payments are $2,43...
131
10K
SwissReAG-AR_2015
1,966
Roles and Responsibilities the articles of association of swiss Re Ltd (aoa) include rules on: ̤ the approval of compensation
20
annual_report
fr_axa-AR_1999
3,257
AXA Financial, Inc. include the sale of DLJ common stock, the issuance of debt or additional ordinary shares of AXA Financial, Inc., and dividends received from its subsidiary, Equitable Life. Until 1998, Equitable Life was subject to restrictions on dividends that were set by the
45
annual_report
NatwestGroupPLC-AR_2014
1,430
During the course of two separate visits, the Board Risk Committee reviewed the Risk Management and C&RA operating model to ensure that both functions had the appropriate structures and resources in place to deliver their strategic plans. The bench-strength of the functions was reviewed and consideration was given to s...
54
annual_report