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de_allianz-AR_2006
342
3. We promote entrepreneurial decision-making in our local units and back these decisions up with an efficient global infrastructure.
19
annual_report
RaiffeisenBankInternationalAG-AR_2020
1,047
RBI has a Group recovery plan as required by law. It sets out measures for restoring financial stability in the event that this becomes necessary. The BaSAG also requires resolution authorities, in close collaboration with the banks, to draw up resolution plans based on the underlying resolution strategy (multiple poin...
81
annual_report
4247
1,910
During 2010, 2009 and 2008, as a result of changes in estimates of insured events in the respective prior year, claims and claim adjustment expenses associated with prior years decreased by $12 million, $17 million and $29 million for the years ended December 31, 2010, 2009 and 2008, respectively. In all years presente...
100
10K
494
578
In October 1995, the Financial Accounting Standards Board (the FASB) issued SFAS No. 123, "Accounting for Stock-based Compensation," which became effective for the Company in 1996. As allowed by SFAS No. 123, the Company has elected to follow Accounting Principles Board Opinion No. 25, "Accounting for Stock Issued to E...
98
10K
StandardLifeAberdeenPLC-AR_2019
2,354
Profit/(loss) for the year 215 56 271 (830) 1,698 868 1 The Group has initially applied IFRS 9 and IFRS 16 at 1 January 2019. Under the transition methods chosen, comparative information is not restated. Refer Basis of preparation. 2 The Asset management, platforms and wealth segment was previously named Asset manageme...
83
annual_report
5705
2,928
Realized gains (losses) and changes in unrealized appreciation (depreciation) included in AOCI related to fixed maturity and equity security investments are summarized as follows (in millions):
26
10K
de_allianz-AR_2008
2,436
The net cash flows provided by (used in) discontinued operations for the first nine months of 2008 contribute to the net cash flows of the operating, investing, and financing activities. Only the net cash flows of discontinued operations of the fourth quarter 2008 are shown on a net basis in one single line within the ...
57
annual_report
GjensidigeForsikringASA-AR_2017
3,199
IFRS 2 has been amended regarding the classification and measurement of share-based payment transactions with a net settlement feature for withholding tax obligations. If the entity is obliged to withhold an amount for an employee’s tax obligation associated with a share-based payment, and transfer that amount in cash ...
57
annual_report
gb_prudential-AR_2017
147
Prudential Corporation Asia Prudential Corporation Asia has leading insurance and asset management operations across 14 markets and serves the families of the region’s high potential economies. We have been operating in Asia for over 90 years and have built high‑performing businesses with multichannel distribution, a p...
61
annual_report
gb_lloyds_banking_grp-AR_2005
1,899
Subordinated liabilities 10,252 – – – – – – – – – 10,252
13
annual_report
ch_zurich_insurance_group-AR_2008
1,540
For attorney-in-fact (AIF) relationships, the recoverable amount of AIF relationship is determined on the basis of valuein -use calculations. These calculations use cash fl ow projections based on business plans and the surplus development in the Farmers Exchanges. Business plans are approved by management and typicall...
65
annual_report
5215
1,921
The expense ratio for Group Benefits is expressed as the ratio of insurance operating costs and other expenses and amortization of deferred policy acquisition costs, to premiums and other considerations, excluding buyout premiums.
33
10K
551
153
The Company's revenues from operations are derived primarily from net premiums earned on policies written by the Company, investment income and realized gain on investments. Expenses consist primarily of payments for claims incurred, claims adjustment expenses and underwriting expenses, including agents' commissions an...
46
10K
AvivaPLC-AR_2016
10,204
www.investorcentre.co.uk/eproxy: For access to electronic voting for our Annual General Meeting.
11
annual_report
927
284
Certain fixed interest rate market risk sensitive instruments may not give rise to incremental income or loss during the period illustrated but may be subject to changes in fair values. Note 18 presents additional disclosures concerning fair values of financial assets and financial liabilities, and is incorporated by r...
50
10K
RSAInsuranceGroupPLC-AR_2006
135
We have established a Technical Academy to promote and develop underwriting, claims and actuarial expertise across the Group. The Academy shares best practice and provides a career development framework for those working in technical disciplines. We are also implementing a Groupwide sales effectiveness programme to str...
58
annual_report
gb_lloyds_banking_grp-AR_2017
2,767
Risk and control cycle from identification to reporting To allow senior management to make informed risk decisions, the business follows a continuous risk management approach which includes producing appropriate, accurate and focused risk reporting and risk management. The risk and control cycle sets out how this shoul...
79
annual_report
RSAInsuranceGroupPLC-AR_2020
2,732
Group occupied property was revalued on 31 December 2020 by independent valuers using the basis of valuation as set out in note 27.
23
annual_report
4888
1,590
After reviewing these characteristics of the ABS, the third party pricing service and brokers use certain inputs to determine the value of the security. For ABS classified as Level 2, the valuation would consist of predominantly market observable inputs such as, but not limited to: 1) monthly principal and interest pay...
54
10K
819
281
The Chairman and his wife own Stonecipher Aviation LLC ("SA"). The Company has agreed to reimburse SA for certain expenses pertaining to trips made by Company personnel for Company business purposes using aircraft owned by SA. Such reimbursement represents the pro rata portion of direct operating expenses, such as fuel...
112
10K
5136
812
The Company's invested assets at December 31, 2015 were $70.47 billion, of which 93% was invested in fixed maturity and short-term investments, 1% in equity securities, 1% in real estate investments and 5% in other investments. Because the primary purpose of the investment portfolio is to fund future claims payments, t...
90
10K
RaiffeisenBankInternationalAG-AR_2008
307
Emerging from the crisis stronger with our customers Interview with Herbert Stepic, Chairman of the Managing Board of Raiff eisen International Bank-Holding AG
23
annual_report
SwissReAG-AR_1993
484
In the course of 1994, Martin Albers-Schönberg, Thomas Hess and Hans Mahrla joined the company as members of Senior Management.
20
annual_report
NatixisSA-AR_2012
3,734
+/- Other cash provided/(used) by fi nancing operations (b) (5,003) (2,726)
11
annual_report
SwissReAG-AR_2019
559
Liquidity Our core insurance and reinsurance operations generate liquidity primarily through premium income. Our exposure to liquidity risk stems mainly from two sources: the need to cover potential extreme loss events and regulatory constraints that limit the flow of funds within the Group.
43
annual_report
4074
2,842
changes in our processes which might accelerate or slow down the development and/or recording of paid or incurred claims;
19
10K
GjensidigeForsikringASA-AR_2018
278
Employees Engaged and motivated employees are important to our profitability, and we have different forums that give us an insight into ideas and concerns • Labour rights • Competence development • HSE • Protection of privacy • Diversity • Employee surveys
41
annual_report
INGGroepNV-AR_2012
918
For ING IM International, an internal ESG Board was established in 2012, chaired by the Chief Investment Officer. This board provides advice to senior management on ING IM’s Responsible Investing strategy and approved policies. In the past year, the ESG board approved, amongst other things, a renewed voting policy incl...
61
annual_report
INGGroepNV-AR_2011
2,027
More than 1 year but less than 2 years 6,914 7,518 More than 2 years but less than 3 years 10,347 6,925 More than 3 years but less than 4 years 5,943 9,580 More than 4 years but less than 5 years 7,541 5,648 More than 5 years 20,655 10,987 Total fixed rate debt securities 103,708 104,176
57
annual_report
4232
683
Comparisons of our operating cash flows also are impacted by other changes in our working capital. The most significant drivers of changes in our working capital are typically the timing of payments of benefit expenses and receipts for premiums. We illustrate these changes with the following summaries of benefits payab...
52
10K
965
204
State Auto Financial, State Auto P&C, Milbank, National, Stateco, S.I.S. and 518 PML are referred to collectively herein as the Company.
21
10K
5602
9,593
ITEM 8 | Notes to Consolidated Financial Statements | 3. Segment Information
12
10K
PosteItalianeSpA-AR_2016
6,117
Deferred tax assets through profit or loss – – – – 21 – 78 15 99 15
17
annual_report
2176
7,330
The Company was determined to be the primary beneficiary of two previously unconsolidated VIEs used to hold assets under the management of an affiliate on behalf of third-party investors ("investment management VIEs"). Accordingly, the investment management VIEs were consolidated as of December 31, 2003 resulting in an...
54
10K
HiscoxLtd-AR_2016
1,570
Syndicate 33 benefits from an A.M. Best rating of A (Excellent). In addition, the Syndicate also benefits from the Lloyd’s ratings of A (Excellent) from A.M. Best, A+ (Strong) from S&P and AA- (Very strong) from Fitch.
37
annual_report
NatixisSA-AR_2017
3,980
= Total non-cash items included in pre-tax profit and other adjustments 5,556 3,398
13
annual_report
5715
621
The key assumptions used in estimating the fair value of our reporting units utilizing the income approach include the discount rate and the terminal growth rate. The discount rates utilized in estimating the fair value of our reporting units in 2019 range between 13.0% and 14.5%, reflecting our assessment of a market ...
131
10K
INGGroepNV-AR_2006
557
The ING Direct brand and brand attributes are guiding principles. Signifi cant marketing efforts were made to strengthen the brand position, which has also contributed to increased brand recognition of ING Group. Brand awareness remained strong in all countries.
39
annual_report
CNPAssurancesSA-AR_2000
2,008
d) Loans and guarantees granted to members of the Executive Board and the Supervisory Board None.
16
annual_report
TopdanmarkAS-AR_2019
174
Furthermore, the expected claims trend in illness and accident has deteriorated.
11
annual_report
BaloiseHoldingLtd-AR_2017
878
This remuneration report for the current reporting year is based on the 2011 performance management system that was in force until 31 December 2017 and under which the short-term variable remuneration was paid out for the last time in spring 2018.
41
annual_report
SwissReAG-AR_1974
167
embracing the reinsurance business for the calendar year 1974 and the other income and expenditure for the period from 1st July, 1974 to 30th June. 1975
26
annual_report
HannoverRueckSE-AR_2011
2,115
6 Risk-free interest rate + cost of capital 7 750 basis points above the risk-free return 8 Excluding tax effect target attainment
22
annual_report
fr_axa-AR_2008
955
Income tax expenses increased by €13 million (+27%) to €–63 million. On a constant exchange rate basis, income tax expenses increased by €11 million (+23%).
25
annual_report
gb_lloyds_banking_grp-AR_2013
1,890
Group strategy In addition to routine strategic discussion at Board meetings throughout the year, the Directors spent two days offsite in 2013 focusing entirely on the Group’s broader strategic plan and the setting of the Group’s five year operating plan.
40
annual_report
ScorSE-AR_2011
5,625
Directors, following a recommendation made by the Compensation and Nomination Committee, has decided to appoint independent directors of SCOR in each council of the principal foreign subsidiaries;  SCOR’s Executive Committee (the “COMEX”) is chaired by the Chairman and Chief Executive Officer of the
44
annual_report
157
1,285
Total Benefits and Expenses 57,740 57,424 59,962 87,512 Income before Provision for Income Tax 7,574 8,052 8,316 10,752 Provision for Income Taxes 2,350 2,544 2,589 3,526
26
10K
CNPAssurancesSA-AR_2018
185
“Responsible investment is neither a constraint nor a formality, but a driver helping us to address the challenges facing our societies.” OLIVIER GUIGNÉ, GROUP CHIEF INVESTMENT OFFICER
27
annual_report
gb_prudential-AR_2004
629
BOARD COMMITTEES The Board has established the following standing committees of non-executive directors with written terms of reference which are kept under regular review: YEAR ENDED 31 DECEMBER 2004CORPORATE GOVERNANCE REPORT
31
annual_report
gb_lloyds_banking_grp-AR_2017
1,808
Financial reporting During the year, the Committee considered the following issues in relation to the Group’s financial statements and disclosures, with input from management, Group Internal Audit and the external auditor:
31
annual_report
4095
2,208
Includes, as of December 31, 2009 and December 31, 2008, respectively, 138 securities with amortized cost of $1,117 million (fair value, $1,124 million) and 129 securities with amortized cost of $1,211 million (fair value, $1,052 million) that have been categorized based on expected NAIC designations pending receipt of...
50
10K
3721
605
Trends and order counts. For the three years ending 2008, mortgage interest rates (30-year, fixed-rate) have fluctuated from a monthly high of 6.8% in July 2006 to a monthly low of 5.3% in December 2008. As a result of the above, and the effects of the collapsed subprime mortgage lending market and limited availability...
80
10K
NatixisSA-AR_2019
3,625
OTHER OFF-BALANCE SHEET EXPOSURES (SUM OF LINES 17 AND 18) 38,494 39,614
12
annual_report
732
199
- We will broaden our investment portfolio in 1998 to include fixed maturity tax-exempt securities to increase after-tax yields. Fixed maturity tax-exempt securities may have the effect of reducing investment income recognized but are expected to contribute more to after-tax net income as a result of the treatment they...
54
10K
SwissReAG-AR_2014
4,066
Total reduction in CO2 emissions per employee between 2003 and 2013
11
annual_report
ScorSE-AR_2018
932
◆ Member of the Supervisory Board of Bank Gutmann AG (Austria)
11
annual_report
5938
1,416
During the fourth quarter of 2017, Global Indemnity announced the adoption of a dividend / distribution program. Although subject to the absolute discretion of the Board of Directors and factors, conditions, and prospects as such may exist from time to time when the Board of Directors considers the advisability of decl...
76
10K
5387
1,044
During 2015, we implemented a number of profitability enhancement initiatives which resulted in a recognition of reorganization and related expenses of $46 million and additional corporate expenses of $5 million in the Consolidated Statement of Operations. Refer to Item 8, Note 5 to the Consolidated Financial Statement...
61
10K
1533
441
Premiums Earned. Premiums earned in the direct healthcare liability --------------- insurance segment increased approximately $3.0 million, or 2.0%, to $149.4 million in 2000 from $146.4 million in 1999. Medical malpractice premiums from physicians and medical groups decreased to approximately $131.2 million in 2000 fr...
151
10K
1400
3,458
The Insurance Group's operating income increased $.9 million to $15.9 million in 1999 from $15.0 million in 1998. Operating income includes net realized and unrealized losses of $1.2 million in 1999 compared to gains of $2.1 million in 1998. Operating income (excluding net realized and unrealized gains) was $17.0 mill...
62
10K
HannoverRueckSE-AR_2015
1,382
In view of the fact that outperformance of up to 200% is possible for Group net income and up to 150% for divisional targets, a maximum total degree of goal attainment of 140% can be attained in both treaty / regional departments and service departments. Given outperformance of all targets, a maximum of 140% of the var...
68
annual_report
NatwestGroupPLC-AR_2009
93
Commercial property valuations took longer to recover. Having fallen by 44% over the previous two years, UK valuations started to rise again in August 2009, and have since rebounded by 9%, according to International Property Databank (IPD). However, valuations were still falling in Ireland and the US as at Q4.
50
annual_report
2525
607
At December 31, 2004, goodwill and other long-lived assets represented 23% of total assets and 63% of total stockholders’ equity.
20
10K
5101
804
Our liability for estimated title losses as of December 31, 2015 and 2014 comprises both known claims and our estimate of claims that may be reported in the future (IBNR). Known claims reserves are reserves related to actual losses reported to us. Our reserve for known claims comprises both claims related to title insu...
108
10K
3774
1,408
Inputs refer broadly to the assumptions that market participants use in pricing assets or liabilities, including assumptions about risk. Inputs may be observable or unobservable.
25
10K
4513
1,294
The following table sets forth the gross carrying value of our investments in mortgage loans by geographic region:
18
10K
gb_prudential-AR_2006
3,639
These products are written primarily in: • one of three separate sub-funds of the PAC long-term fund, namely the with-profits sub-fund, the SAIF, and the non-profit sub-fund; • Prudential Annuities Limited, which is owned by the PAC with-profits sub-fund; • Prudential Retirement Income Limited, a shareholder-owned subs...
48
annual_report
TrygAS-AR_2020
110
Retention levels are very high in the Nordic region compared to nearly everywhere else in the world. This is a key profitability driver as it helps insurers keep their overall expenses low. Retention rates hover around 90% in the Private and Commercial (SMEs) segments, which represent more than 80% of Tryg’s total busi...
60
annual_report
AvivaPLC-AR_2004
465
Insurance Group’s Directive (IGD) excess solvency £bn 3.6 2.4 Cover (times) over EU minimum 1.9 1.7
16
annual_report
3226
1,270
expense was primarily attributable to the $20.6 million junior subordinated note, bearing interest at 8.7% per annum, issued in concert with the trust preferred securities in February 2006.
28
10K
4845
690
Variability in the average life of principal repayment is an inherent risk of owning mortgage-related securities. However, we reduce our portfolio’s exposure to prepayment risk by seeking characteristics that tighten the probable scenarios for expected cash flows. As of December 31, 2013, the MBS portfolio contained 78...
104
10K
AvivaPLC-AR_2010
3,345
Non-recourse Loans to property partnerships (see (a) below) 1,098 790 Loans to Irish investment funds (see (b) below) 34 36 UK Life reassurance (see (c) below) 217 114 US 149 150 Other non-recourse loans 193 169
36
annual_report
AegonNV-AR_2002
667
During 2002, Standard and Poor’s maintained AEGON’s ratings at AA level with a negative outlook, while Moody’s Investors
18
annual_report
gb_prudential-AR_2006
2,565
Barry Stowe 49 – – – – – – – 0
11
annual_report
PhoenixGroupHoldingsPLC-AR_2014
583
In some cases individual security holdings have been adjusted to ensure the Group remains within risk appetite.
17
annual_report
5599
575
Non-GAAP Operating Income. Non-GAAP operating income as defined above was $93,723 for the year ended December 31, 2018 compared to $58,630 for the year ended December 31, 2017. The increase in Non-GAAP operating income was primarily the result of increases in net earned premiums, net investment income, earnings from pa...
60
10K
NatixisSA-AR_2017
6,624
Tax Services assignments for NIM for €595,000 mainly performed by PwC (€527,000).
12
annual_report
INGGroepNV-AR_2007
882
Members of the Supervisory Board may be suspended or dismissed at any time by the General Meeting of Shareholders. A resolution to suspend or dismiss members of the Supervisory Board which has not been brought forward by the Supervisory Board may only be adopted by the General Meeting of Shareholders by an absolute maj...
68
annual_report
BaloiseHoldingLtd-AR_2005
2,314
in addition to the economic risk that the maturities of assets are not in line with those of liabilities, the somewhat different accounting standards give rise to an accounting risk.
30
annual_report
SwissLifeHoldingAG-AR_2005
539
Contact addresses can be found on at the end of the Annual Report.
13
annual_report
gb_lloyds_banking_grp-AR_2006
746
Financial soundness risk appetite is set and reported through various metrics that enable the Group to manage liquidity and capital constraints and shareholder expectations.
24
annual_report
5780
501
A quantitative summary of our revenues by source category for 2019 and 2018 as follows:
15
10K
107
588
At December 31, 1994, UNUM Corporation had a $500 million committed revolving credit facility which expires on October 1, 1999. UNUM's commercial paper program is supported by the revolving credit facility and is available for general liquidity needs, capital expansion, acquisitions or stock repurchase. The committed r...
92
10K
fr_axa-AR_2005
1,655
– Pricing reports are sent to GRM on a quarterly basis.
11
annual_report
3790
990
Includes our estimated future contributions to multiemployer defined benefit plans. Contributions related to the qualified pension plan are included through 2009. No amounts related to the qualified pension plan are included beyond 2009 as the contribution amounts will be re-evaluated based on actual results.
44
10K
5759
756
IMC’s revenues increased 16.1% in 2018 compared to 2017, due to a combination of factors, including higher unit sales, the effects of business acquisitions, and foreign currency translation effects from a weaker average U.S. Dollar in the first half of 2018. IMC’s pre-tax earnings increased significantly in 2018 compar...
77
10K
NatwestGroupPLC-AR_2004
1,980
(4) Freehold and long leasehold properties are revalued (see Note 20). No provision has been made for deferred tax on gains recognised on revaluing Group properties except where there is a commitment to sell the asset and any taxable gain will not be subject to rollover relief. The tax that could be payable if these as...
93
annual_report
SwissLifeHoldingAG-AR_2009
149
According to the Swiss Insurance Association (SIA), premiums in the Swiss life insurance market receded 1.9% to CHF 27.9 billion. This reflected a 3.6% decrease in group insurance and a 2.4% increase in individual insurance. At CHF 7.5 billion, Swiss Life’s premium income remained at a high level. 77% of the premiums w...
99
annual_report
1685
278
- - the decline in the equity markets from what was experienced during 2001 and 2000
16
10K
LloydsBankingGroupPLC-AR_2002
1,237
In addition, a further 0.4 million ordinary shares were held by Lloyds TSB Group Holdings (Jersey) Limited at 31 December 2002 (2001: 0.5 million shares). These shares, on which the dividend entitlement has been waived, were gifted to the Group some years ago at nil cost and are used to satisfy outstanding options or t...
63
annual_report
1787
336
December 31, -------------------------- 2001 2000 ------------ ------------ Deferred tax assets: Accounts receivable and other receivables -
16
10K
3594
751
For the years ended June 30, 2007, 2006 and 2005, amortization related to all identifiable intangible assets was $415, $612 and $930, respectively. At June 30, 2007, the remaining identifiable intangible assets subject to amortization were all related to the Chicago acquisition. Amortization expense for the year ended ...
62
10K
NatixisSA-AR_2015
9,387
The General Shareholders’ Meeting, deliberating in accordance with the quorum and majority requirements for ordinary business, hereby renews the appointment of Sylvie Garcelon as a Director for a term of four (4) years, expiring at the end of the General Shareholders’ Meeting convened to approve the fi nancial statemen...
57
annual_report
DirectLineInsuranceGroupPLC-AR_2020
1,860
The CFO did not receive an increase, due to his joining date in the final quarter of 2019.
18
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2000
353
In the year under review we wrote premium income of €2.2bn (€1.3bn), representing growth of 64.6% (25.9%). This notable increase derived primarily from new proportional reinsurance treaties with large premium volumes in motor and life reinsurance. Our result, however, was somewhat worse than in the previous year – not ...
57
annual_report
1776
333
In July 2001, the FASB issued Statement of Financial Accounting Standards No. 142, "Goodwill and Other Intangible Assets" (FAS 142). FAS 142 addresses the initial recognition and measurement of intangible assets acquired either singly or with a group of other assets, as well as the measurement of goodwill and other int...
117
10K
5720
1,178
In addition, subsequent to December 31, 2019, one structured finance VIE was deconsolidated due to the prepayment of the outstanding notes of the VIE, resulting in a reduction in VIE assets and liabilities of approximately $315 million.
37
10K
2844
1,412
The Commercial segment offers a broad array of property and casualty insurance and insurance-related services to its clients. Commercial is organized into the following three marketing and underwriting groups, each of which focuses on a particular client base and which collectively comprise Commercial’s core operations...
45
10K
AdmiralGroupPLC-AR_2011
303
2. Develop each new operation into a profitable, sustainable, growing business
11
annual_report
SwissReAG-AR_2005
1,005
Actuarial review The Board of Directors has appointed Mr Freddy Delbaen as an external actuary to conduct a review of the balance sheet provisions for the life and health reinsurance business of Swiss Reinsurance Company and European Reinsurance Company. His review focuses on the appropriateness of the reserving assump...
95
annual_report