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2 values
ScorSE-AR_2020
2,833
(2) Financial assets include those held by the Group on behalf of third parties as part of its asset management activities. The elimination of third party shares is presented as “Other liabilities”.
32
annual_report
TrygAS-AR_2017
841
Provisions before discounting, end of year 12 6 8 16 83 11 102 40 358 92 237 965
18
annual_report
AvivaPLC-AR_2014
4,007
Ordinary share capital 31 737 736 Preference share capital 34 200 200 Called up capital 937 936 Share premium account 31b 1,172 1,165 Merger reserve E 735 735 Investment valuation reserve E 9,768 8,902 Equity compensation reserve E 65 54 Retained earnings E 3,137 3,158 Direct capital instruments and fixed rate tier 1 n...
57
annual_report
TopdanmarkAS-AR_2016
767
The table show s the historical development in the estimated f inal liability (the sum of claims payments and provisions) for each claims year from 2007. Signif icant proportions of the liabilities show n have been calculated w ithout discounting w hich to a great extent eliminates changes in discounting rates and meth...
77
annual_report
LloydsBankingGroupPLC-AR_2019
4,847
Changes in non-controlling interests – – – – – (14) (14)
11
annual_report
5144
763
The Company reimbursed expenses incurred by employees of FSNB relating to salaries, travel and other costs incurred on behalf of or relating to the Company. The Company paid $324,918 and $325,479 in 2015 and 2014, respectively to FSNB in reimbursement of such costs. In addition, the Company reimburses FSNB a portion of...
88
10K
5052
1,646
The aggregate intrinsic value of the Company’s outstanding and exercisable stock options and SARs at December 31, 2015 was $237.1 million and $200.2 million, respectively. The weighted average remaining contractual life of the Company’s outstanding and exercisable stock options and SARs at December 31, 2015 was 5.4 yea...
51
10K
PowszechnyZakladUbezpieczenSA-AR_2020
1,566
Alternative Performance Measures Selected Alternative Performance Measures (APM) within the meaning of European Securities and Markets Authority Guidelines (ESMA) no. 2015/1415 are presented below.
24
annual_report
4613
2,534
On January 18, 2013, the Company's Board of Directors authorized a $200 million share repurchase program. This latest repurchase program replaces the November 14, 2011 5.0 million common shares authorization.
30
10K
957
715
Nonstandard Automobile - specializes in nonstandard personal automobile insurance sold by OrionAuto.
12
10K
PhoenixGroupHoldingsPLC-AR_2019
793
Risk Management continued 50 PHOENIX GROUP HOLDINGS PLC ANNUAL REPORT & ACCOUNTS 2019
13
annual_report
fr_axa-AR_2013
4,403
Group holds €18.5 billion (notional amount) of credit derivatives as total exposure including consolidated investment funds “Satellite Investment
18
annual_report
INGGroepNV-AR_2005
1,770
Share in profit or loss of associates 147 35 10 28 -6 15 229 229
15
annual_report
5677
825
Below investment grade fixed income securities include $6 million that have been in an unrealized loss position for less than twelve months.
22
10K
3720
2,778
A reduction in homeowners severity in accident years 2006 and prior was observed during 2008. A slight increase in claim severity and an increase in claim frequency in accident year 2007 was observed in this line during 2008 and led to the recognition of $1.2 million of adverse development during the year. In total, $0...
67
10K
551
347
POSTRETIREMENT BENEFIT PLAN. The postretirement defined benefit plan is unfunded; however, the details of the amount included in other liabilities are as follows:
23
10K
2445
782
Stock options are granted at an exercise price not less than the fair value of our common stock on the date of grant. They generally vest ratably over four years and may be exercised up to 10 years from the date of grant. Activity under our stock option plan is summarized in the tables below (shares in millions):
58
10K
HannoverRueckSE-AR_2011
1,171
The balance of net realised gains improved by 10.8% to EUR
11
annual_report
4321
1,170
In connection with the Separation, the Company established the First American Financial Corporation 2010 Employee Stock Purchase Plan (the “ESPP”). The ESPP allows eligible employees to purchase common stock of the Company at 85.0% of the closing price on the last day of each month. Prior to the Separation, the Company...
98
10K
NatwestGroupPLC-AR_2009
2,869
Board Committees In order to provide effective oversight and leadership, the Board has established a number of Board Committees with particular responsibilities. The Committee chairmanship and membership are reviewed on a regular basis. The names and biographies of all Board Committee members are set out on pages 8 to ...
50
annual_report
2297
1,308
A one percent increase or decrease in the assumed health care cost trend rate at December 31, 2003 would have increased (decreased) the net periodic postretirement benefit cost by $0.5 million and $(0.5) million, respectively, and the postretirement benefit obligation by $7.6 million and $(11.7) million, respectively.
47
10K
1445
2,051
Certain 1999 balances have been reclassified to conform to current year presentation.
12
10K
PosteItalianeSpA-AR_2018
4,901
94. Actuarial gains and losses on defined benefit plans, which in the Company’s financial statements are accounted for in retained earnings, are accounted for in the valuation reserves in the Separate Report (Item 110 of Liabilities).
36
annual_report
fr_axa-AR_2010
545
The principal competitive factors are as follows: ■ Price; ■ Quality of service; ■ Distribution network; ■ Brand recognition; ■ Ratings for fi nancial strength and claims-paying ability; and
29
annual_report
StorebrandASA-AR_2014
514
• Storebrand shall have a transparent management structure in accordance with national and international corporate governance standards.
17
annual_report
2783
786
The tax benefit related to the changes in net unrealized (depreciation) appreciation was $25.9 million, $12.0 million and $11.3 million for 2005, 2004 and 2003, respectively.
26
10K
3630
1,399
reserve estimates. The actuarial ranges represent our actuaries’ estimate of a likely lowest amount and highest amount that will ultimately be paid to settle the net reserves we have recorded at a particular point in time. While there is still a possibility of ultimately paying an amount below the range or above the ra...
93
10K
RaiffeisenBankInternationalAG-AR_2019
301
Raiffeisenbank Austria d.d., Croatia, Chairman Raiffeisen Bank Zrt., Hungary, Chairman AO Raiffeisenbank, Russia, Member Raiffeisen Bank S.A., Romania, Member Raiffeisenbank a.s., Czech Republic, Member Tatra banka, a.s., Slovakia, Member
29
annual_report
INGGroepNV-AR_2003
1,068
The section Additional information includes information about RAROC, embedded value, capital base, efficiency ratios and credit ratings.
17
annual_report
INGGroepNV-AR_2006
2,301
LIQUIDITY RISK Liquidity risk is the risk that ING Bank or one of its subsidiaries cannot meet its fi nancial liabilities when they come due, at reasonable costs and in a timely manner. Within ING Bank, ALCO Bank bears overall responsibility for the liquidity risk strategy. ALCO Bank has delegated day-to-day liquidity ...
86
annual_report
4502
1,133
The Company’s awards of restricted common stock contain a right to receive non-forfeitable dividends and participate in the undistributed earnings with common shareholders. Accordingly, the Company is required to apply the two-class method of computing basic and diluted earnings per share. A reconciliation of the numer...
83
10K
5499
578
At December 31, 2017 and 2016, a total of $224.3 million and $186.2 million, respectively, was outstanding under the Credit Facility. In addition, undrawn commitments under letters of credit totaling $14.5 million and $14.8 million were outstanding at December 31, 2017 and 2016, respectively, under the letters of credi...
95
10K
2463
6,015
Consolidated Statements of Income and Comprehensive Income for the years ended December 31, 2004, 2003 and 2002
17
10K
1136
240
At December 31, 1999, the Company's problem mortgage loans and foreclosed properties totaled $1.1 million. At December 31, 1998, the Company had no problem mortgage loans or foreclosed properties. Since the Company’s mortgage loans are collateralized by real estate, any assessment of impairment is based upon the estima...
76
10K
4065
954
Approximately 99.8% of the Company's portfolio was priced based upon quoted market prices or other observable inputs as of December 31, 2009. There were no significant changes to the valuation process during the year ending 2009.
36
10K
BaloiseHoldingLtd-AR_2006
4,763
Present value of liabilities partially fi nanced through a fund –1,818.1 –1,815.1
12
annual_report
AssicurazioniGeneraliSpA-AR_2014
2,547
The cost of equity (Ke) for each entity is extrapolated based on the Capital Asset Pricing Model (CAPM) formula. In detail: — the risk free rate was defined as the average value - observed during the last three months of 2014 - of the 10-years government bond of the reference country of operation of the CGU, on which t...
110
annual_report
AegonNV-AR_2017
1,210
Aegon UK offers two distinct versions of the proposition targeted at distinct market segments: �� A 'fund supermarket' service, which includes multiple wrapper choices, fully open architecture fund choice and digital advisor/ customer self-service access; and �� ‘One Retirement’, a standalone pension accumulation and d...
63
annual_report
5622
1,264
We have successfully begun to expand the classes of business that we underwrite and the client base that we support, as we believe they will generate favorable returns on equity over the long term. In some cases, this expansion involves participation where we are not the lead underwriter.
48
10K
INGGroepNV-AR_2014
2,575
Accumulated impairments of EUR 24 million (2013: EUR 25 million) have been recognised. The values presented in the table above could differ from the values presented in the individual annual accounts of the associates and joint ventures, due to the fact that the individual values have been brought in line with ING Grou...
81
annual_report
AvivaPLC-AR_2006
2,360
In the Provident Mutual and with-profit funds in NUL&P, this is offset by the expected cost of charges to WPBR to be made in respect of guarantees.
27
annual_report
NatixisSA-AR_2002
323
Natexis Lease develops and distributes real estate and equipment lease financing products for companies of all sizes.
17
annual_report
HannoverRueckSE-AR_2011
559
Breakdown of gross written premium in specialty lines 14.6% Aviation 29.1% Structured reinsurance 22.5% credit/surety 24.6% United Kingdom & direct business 9.2% Transport
23
annual_report
AdmiralGroupPLC-AR_2004
598
Directors’ responsibilities Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Company and Group and of the profit or loss for that period. In preparing those financial statements, the directors are required to: • sel...
61
annual_report
4225
944
Given current insurance capital levels and overall economic conditions, 2011 will be a challenging year as Chartis expects a weak growth environment in most developed economies. The continued weakness of ratable exposures (i.e. asset values, payrolls, and sales) over the past year and its negative impact on the overall...
89
10K
gb_prudential-AR_2006
3,531
These are required to be established under IAS 18 with amortisation over the expected life of the contract. The majority of the relevant
23
annual_report
5928
2,129
•Income (loss) attributable to noncontrolling interest represents the interest of shareholders, other than those of the Company, in consolidated entities. Income (loss) attributable to noncontrolling interest represents such shareholders'
29
10K
4493
5,715
PROPERTY AND EQUIPMENT - Company-occupied property, data processing equipment and furniture and office equipment are stated at cost less accumulated depreciation of $3,235,642 and $3,079,922 at December 31, 2011 and 2010, respectively. Depreciation is computed on a straight-line basis for financial reporting purposes u...
68
10K
5667
1,340
For the Specialty P&C, Workers' Compensation Insurance and Segregated Portfolio Cell Reinsurance segments, the analysis performed by the consulting actuaries analyzes each partition of our business in a variety of ways and uses multiple actuarial methodologies in performing these analyses, including:
41
10K
1730
202
Income from continuing operations before provision for income taxes decreased by approximately $413,000, or 8%, to approximately $4,625,000 for the year ended October 31, 2000, as compared to approximately $5,038,000 for the same period in 1999. For the year ended October 31, 2000, the Company recorded a provision for ...
103
10K
2297
1,335
The Company has several annual incentive plans for certain employees and executive officers that are designed to encourage achievement of certain goals. Compensation cost recognized in the consolidated statements of income for annual incentive plans is $29.9 million, $27.5 million, and $27.0 million for 2003, 2002, and...
49
10K
2244
396
Revenue Recognition. Premium revenues from insurance contracts are recognized when due from policyholders. Policies for which premium has not been received within the applicable grace period from the due date are cancelled. Fee and service income is recognized when earned, the services have been provided and collectibi...
50
10K
AvivaPLC-AR_2019
4,985
Subordinated debt 5,482 5,586 Senior notes 1,052 1,113 Commercial paper 238 251
12
annual_report
1637
272
The sensitivity analysis of two different types of market risk discussed below estimate the effects of hypothetical sudden and sustained changes in the applicable market conditions on the ensuing year's earnings, based on year-end positions. The market changes, assumed to occur as of year-end, are a 100 basis point inc...
145
10K
1593
388
Net unrealized investment losses on equity securities and fixed maturity securities classified as available for sale were comprised of the following:
21
10K
HiscoxLtd-AR_2014
535
Stuart John Bridges Chief Financial Officer (Aged 54) 12 December 2006*
11
annual_report
4882
1,127
Predecessor Ambac common stock (and related stock options and restricted stock units) was canceled upon emergence from bankruptcy on the Effective Date. Pursuant to the Reorganization Plan, 45,000,000 shares of new common stock at par value of $0.01 per share and 5,047,138 warrants were issued. Warrants entitle such ho...
145
10K
5281
2,435
We have audited the accompanying consolidated balance sheets of American Financial Group, Inc. and subsidiaries (the Company) as of December 31, 2016 and 2015, and the related consolidated statements of earnings, comprehensive income, changes in equity and cash flows for each of the three years in the period ended Dece...
96
10K
NatwestGroupPLC-AR_2011
5,095
Reconciling items Fair value of own debt 1,846 — 1,846 174 — 174 (142) — (142) Asset Protection Scheme (906) — (906) (1,550) — (1,550) — — — Integration and restructuring costs (5) — (5) — — — — — — Gain on redemption of own debt 255 — 255 553 — 553 3,790 — 3,790 Strategic disposals (24) — (24) 171 — 171 132 — 132 RFS ...
80
annual_report
3264
1,042
Approximately $55 million of unfavorable claim and allocated claim adjustment expense reserve development was recorded due to increased claim adjustment expenses and increased severities in the architects and engineers book of business in accident years 2003 and prior. Previous reviews assumed that incurred severities ...
131
10K
2741
6,979
(4) Contingent capital facilities related payments include an estimate at the payments due under the past option agreement of $200 per month. Actual payments depend on the return on certain assets and LIBOR.
33
10K
5856
1,079
The Company has entered into various financial reinsurance treaties on a funds withheld and modco basis. These treaties do not transfer significant insurance risk and are recorded on a deposit method of accounting with the Company earning a net fee. As a result of the experience refund provisions contained in these tre...
95
10K
4710
1,181
We ended 2011 with a FCBVPCS of $22.71, a decrease of 6.1% for the year after taking into account dividends declared on Common Shares during the period. The decrease in our FCBVPCS during 2011 resulted from significant natural catastrophe underwriting losses, which were partially offset by modest investment results. Ou...
64
10K
5535
1,080
premiums as well as net unfavorable prior year loss reserve development as compared to favorable prior year loss development during the same period of 2017, (b) a $7.7 million increase in losses and LAE attributable to our primary/excess property insurance products due primarily to increased premium production and high...
263
10K
2997
981
The Company has purchased structured settlement annuities from various insurance companies in order to settle certain claim liabilities. Should these other companies become unable to make the annuity payments, the Company would be liable. The value of these annuities included in reinsurance recoverable in the consolida...
78
10K
5899
1,053
The Company has operating leases for office space for insurance operations and administrative functions, automobiles for certain employees and general uses, and office equipment such as printers and computers. In addition, the Company has finance leases for electronic data processing ("EDP") equipment. As of December 3...
140
10K
1275
167
The information required by this Item is included on pages 23-40 of the Registrant's Annual Report to Shareholders for the year ended December 31, 1999 under the captions "Consolidated Statements of Income", "Consolidated Balance Sheets", "Consolidated Statements of Shareholders' Investment", "Consolidated Statements o...
67
10K
4756
1,944
Our Australian mortgage insurance business increased $91 million, including an increase of $5 million attributable to changes in foreign exchange rates, primarily driven by reserve strengthening of $82 million in the first quarter of 2012. The reserve strengthening was the result of higher than anticipated frequency an...
125
10K
HelvetiaHoldingAG-AR_2015
1,887
Adequacy Test (LAT) finally applies Group-wide uniform standards to test whether the actuarial reserves included in the local financial statements (including additional reserve increases less local deferred acquisition costs) are sufficient. Across the Group the
35
annual_report
nl_ing_grp-AR_2015
2,583
Changes in the composition of the group and other changes –5,962 –15 –64,943 –15 –70,905
15
annual_report
4629
2,638
The Company historically participated in structured transactions in project finance related areas under which the Company provided a cash loan supporting project finance transactions. These transactions are accounted for in accordance with guidance governing accounting by certain entities (including entities with trade...
106
10K
2084
342
Consolidated net operating income for the year ended December 31, 2002, which excludes net investment gains (losses), discontinued operations and the effects of accounting changes, was $1,099.3 million, compared to a loss of $1,333.1 million in the comparable period of the prior year.
43
10K
911
565
FAIR VALUES The fair value of the Company's financial instruments other than investments and those where fair values approximate carrying value (see Note 3(l)) are as follows:
27
10K
5172
13,172
General liability occurrence policies cover businesses for any liability resulting from bodily injury and property damage arising from general business operations, accidents on a premises and the products manufactured or sold. General liability-occurrence reserves generally include two components: bodily injury and pro...
199
10K
HelvetiaHoldingAG-AR_2012
2,360
The information on compensation paid to and investments of the members of the Board of Directors and the Executive Management required under Art. 663b bis and Art. 663c par. 3 of the Swiss Code of Obligations is provided in the notes to the consolidated financial statements of Helvetia Group in Note 16 (from page 168).
55
annual_report
5605
9,390
Net cash flows used for continuing operations was $31 million, $62 million and $179 million for the years ended 2018, 2017 and 2016. Cash used from continuing operations was lower in 2018 compared to 2017, primarily due to $28 million of payments made in 2017 related to the departures of the Company’s former Chairman a...
145
10K
gb_prudential-AR_2007
3,425
I2: Share-based payments continued c Total share-based payment expense Total expense recognised in the year in the consolidated financial statements related to share-based compensation is as follows: Share-based compensation expense 28 22 Amount accounted for as equity-settled 19 14 Carrying value at 31 December of lia...
68
annual_report
gb_lloyds_banking_grp-AR_2008
2,090
Based on role, market competitiveness, and performance33% Paid in cash Salary
11
annual_report
fr_axa-AR_2010
6,231
Since the balancing entry to this liability is not specifi ed by current IFRS, the Group’s method is (i) to reclassify minority interests from equity to liability, (ii) to re-measure this liability at the present value of the option price and (iii) to recognize the difference either as an increase in goodwill for puts ...
88
annual_report
StorebrandASA-AR_2013
2,334
Allocation by company and customers: Total income from real estate 948 712
12
annual_report
2425
2,271
Holders of preferred stock have a preference upon liquidation, dissolution or winding up of the Company of $100 per share.
20
10K
4119
720
We generate revenues primarily from premiums and ASO fees we receive from the states in which we operate to arrange for healthcare services for our TANF, CHIP, ABD and FamilyCare members. We receive premiums from CMS for our Medicare Advantage members. We recognize premium and ASO fee revenue during the period in which...
231
10K
4228
1,155
During 2009, we recognized an other-than-temporary impairment loss of $23.9 million on securities issued by a U.S. automotive parts company. Due to the weak economy, automobile production had decreased dramatically, with the expectation of further production reductions at the time of the impairment loss. Declining earn...
132
10K
NatwestGroupPLC-AR_2017
505
• There has been a sustained improvement in the number of customers impacted by fraud with a 26% reduction compared with 2016.
22
annual_report
TrygAS-AR_2015
712
Executive Board works with the Supervisory Board to ensure that the Group’s strategy is developed and monitored. The Supervisory Board ensures that the necessary skills and financial resources are available for Tryg to achieve its strategic targets. The Supervisory Board specifies its activities in a set of rules of pr...
57
annual_report
PosteItalianeSpA-AR_2020
601
The Codice Postepay offer has been further developed, allowing payments to be made directly from the app by framing the QR Code
22
annual_report
4378
1,088
Recently Issued Accounting Standards. In July 2011, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2011-06, “Other Expenses (Topic 720): Fees Paid to the Federal Government by Health Insurers a consensus of the FASB Emerging Issues Task Force” (ASU 2011-06). This update add...
212
10K
4489
1,041
We cede material amounts of insurance and transfer related assets to other insurance companies through reinsurance. However, notwithstanding the transfer of related assets, we remain liable with respect to ceded insurance should any reinsurer fail to meet the obligations that it assumed. We evaluate the financial condi...
119
10K
4041
978
market activity, either based on specific transactions for the issue valued or based on modeling of securities with similar credit quality, duration, yield, and structure that were recently transacted. The Company continues to monitor any changes or modifications to their process due to the recent market events. During...
98
10K
AegonNV-AR_2019
8,791
In Poland, unit-linked and different types of traditional life insurance products are distributed by tied agents and broker partners.
19
annual_report
4551
1,030
A significant part of International's revenues are earned in currencies other than the US dollar, most notably the Euro, Pound sterling and Australian dollar. The net 5 percent benefit from foreign currency translation in 2011 primarily reflected the weakening of the US dollar against these and other currencies in whic...
54
10K
NatwestGroupPLC-AR_2012
5,788
National Westminster Bank Plc €500 million 5.125% subordinated notes 2011 — — 442 £300 million 7.875% subordinated notes 2015 Lower Tier 2 360 371 370 £300 million 6.5% subordinated notes 2021 Lower Tier 2 410 400 367
37
annual_report
NatixisSA-AR_2003
5,089
2.11 Long-term equity investments and subsidiaries Equity investments are recorded at book value. At the end of the period, they are valued individually at book value or going concern, whichever is lower. Provision for depreciation is made in the event of a permanent impairment of value.
46
annual_report
4586
1,169
In 2011, we introduced a Cash-Based Restricted Stock Unit Plan. Compensation expense for arrangements under this plan totaled $0.2 million for 2012 and $0.6 million for 2011. The income tax benefit recognized in the statements of operations for this arrangement totaled $0.1 million in 2012 and $0.3 million in 2011.
50
10K
3908
1,539
The net loss from financial operating affiliates for the year ended December 31, 2008 was primarily a result of the loss of approximately $1.4 billion recorded in August 2008 in relation to the closing of the Master Agreement as well as losses recorded throughout 2008 and up until the closing of the Master Agreement th...
134
10K
3682
853
We may designate a currency derivative as a hedge on the fair value of certain investment portfolios attributable to changes in foreign currency exchange rates. This is referred to as a fair value hedge. Changes in the fair value of a derivative that is designated and qualifies as a fair value hedge, along with the cha...
85
10K
5138
1,684
Our life insurance business increased $201 million primarily related to unfavorable mortality in 2014 and an unfavorable correction of $49 million in our term life insurance products related to reserves on a
32
10K
BaloiseHoldingLtd-AR_2005
3,040
Actual income taxes in cHF million in 2004, the Baloise Group’s expected average tax rate was 22.7%
17
annual_report
2392
3,725
AIG’s insurance operations also invest in assets of VIEs. These VIEs are established by unrelated third parties. Investments include collateralized mortgage backed securities and similar securities backed by pools of mortgages, consumer receivables, or other assets. The investment in these VIEs allows AIG’s insurance e...
85
10K
NatixisSA-AR_2004
1,773
n First-tier control Employees and their supervisors are responsible for preliminary or simultaneous checks of each operation they carry out as part of their normal duties. These first-tier controls provide the foundations of the internal control system and are documented in formal written procedures, covering areas su...
104
annual_report