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ch_zurich_insurance_group-AR_2019
2,988
Net income before income taxes 6,100 5,110 less: income tax (expense)/benefit attributable to policyholders (365) 183 Net income before income taxes attributable to shareholders 5,735 5,293 Expected income tax expense attributable to shareholders computed at the Swiss statutory tax rate 21.0% 1,204 22.0% 1,165 Increase...
82
annual_report
4845
601
· The length of time and the extent to which the fair value has been less than cost,
18
10K
5749
642
Change in fair value of equity securities included in net income (loss) relating to assets held
16
10K
3214
1,144
The Company has historically used and plans to continue to use stock options as a component of its overall compensation to employees. The Company may grant incentive stock options that qualify for certain favorable tax treatment under Section 422 of the Internal Revenue Code of 1986. It may also grant stock options tha...
82
10K
5248
1,251
As of December 31, 2016 and 2015, the Company had no valuation allowance. In assessing the need for a valuation allowance, management considered future taxable temporary difference reversals, future taxable income exclusive of reversing temporary differences and carryovers, taxable income in open carry back years and o...
115
10K
INGGroepNV-AR_2008
1,912
Non-trading derivatives 16,484 7,637 Designated as at fair value through profit and loss 8,277 11,453 Available-for-sale debt securities 234,030 255,950 Held-to-maturity debt securities 15,440 16,753 Loans and advances to customers – policy loans 2,960 3,468 – public authorities 26,385 23,638 – secured by mortgages 318...
70
annual_report
ScorSE-AR_2016
5,494
●● Elements which could have an impact in case of a public offer Sections 2.3.1, 5.1 and 5.2
18
annual_report
AegonNV-AR_2013
3,453
Corporate - Industrial sector The Industrial sector is further subdivided into various sub-sectors with a majority of its gross unrealized loss in Basic Industry and
25
annual_report
ch_zurich_insurance_group-AR_2019
3,599
Zurich UK General Services Limited Fareham, England 100 100 GBP 343.2
11
annual_report
fr_axa-AR_2010
1,466
mainly due to: (i) Lower net technical result (including expenses) down €49 million (or -18%) due to: a. An all year loss ratio up 0.3 point to 71.1% mainly due to (i) 1.9 points lower current year loss ratio driven by 2.0 points reduction following tariff increases and lower
49
annual_report
5809
1,434
The unfavorable change in net gains (losses) on written credit default swaps was $354 million for the year ended December 31, 2020 as compared to the year ended December 31, 2019 due to certain credit spreads on certain credit default swaps used as replications widening in the current period and narrowing in the prior ...
55
10K
INGGroepNV-AR_2005
1,610
Interest income on available-for-sale securities 5,989 6,175 Interest income on held-to-maturity securities 639 Interest income on trading portfolio 15,237 883 Interest income on non-trading derivatives 5,658 Other interest income 1,764 2,628 Total interest income 48,176 25,448
36
annual_report
5232
375
The Company had a total of $15,326,000 of long-term debt outstanding as of December 31, 2016, compared to $17,100,000 at December 31, 2015, which includes $12,372,000 in trust preferred securities issued by the Company in addition to the installment note. Current year and prior year amounts were reduced by the unamorti...
69
10K
5174
941
Net Realized Capital Gains (Losses). Net realized capital losses were $184.1 million in 2015 and net realized capital gains were $84.0 million and $300.2 million in 2014 and 2013, respectively. The $184.1 million was comprised of $102.2 million of other-than-temporary impairments, $45.6 million of net losses from fair ...
165
10K
AegonNV-AR_2018
3,765
Association of Insurance Commissioners (NAIC which is for US only) and internal ratings. The rating used is the lower of the external rating and the internal rating.
27
annual_report
5265
3,057
Mortgage Debt. As of December 31, 2016, the Company’s subsidiaries had mortgage debt of $659 million that has recourse only to real estate property held for investment by those subsidiaries. This represents an increase of $95 million from December 31, 2015, primarily due to new borrowings in 2016 of $113 million (inclu...
69
10K
AdmiralGroupPLC-AR_2004
698
Claims incurred in respect of general business consist of claims and claims handling expenses paid during the period together with the movement in the provision of outstanding claims.
28
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2002
907
Munich Reinsurance Company, 1.0%, €1,150m Bonds Exchangeable into Allianz AG Shares 2000/2005 aa AA– AA+
15
annual_report
Sampoplc-AR_2020
3,496
Solvency II SCR and are based on predetermined market stress tests. The general objective of these control levels and respective guidelines is to maintain the required solvency. When the above-mentioned control levels are crossed, the Asset and Liability Committee reports to the
42
annual_report
5387
1,065
Non-GAAP operating ROACE excludes the impact of net realized investment gains (losses), foreign exchange losses (gains), the revaluation of net deferred tax assets, the bargain purchase gain, the transaction and reorganization expenses and the loss on repurchase of preferred share
40
10K
3833
7,717
The decrease in life, accident and health benefits in 2008 is due primarily to favorable results in AFG's long term care business. The increase in life, accident and health premiums in 2007 reflects the August 2006 acquisition of Ceres.
39
10K
4819
1,531
For purposes of evaluating goodwill for impairment, management determined that our reporting units are the same as our business segments because all components of each segment are similar and none of the components were determined to be separate reporting units. Additionally, each business segment has discrete financia...
107
10K
AvivaPLC-AR_2005
2,238
Within 1 year 26 – Later than 1 year and not later than 5 years 44 – Later than 5 years 13 –
23
annual_report
5061
1,450
Net income tax payments in 2015 and 2014 totaled $2.4 million and $0.9 million, respectively. The Company received net income tax refunds totaling $8.4 million for the year ended December 31, 2013. Net operating loss carryforwards in the amount of $155.4 million, $112.3 million, $49.9 million, and $56.6 million are ava...
101
10K
SwissReAG-AR_1971
63
In Marine reinsurance an above-average expansion of busi­ ness was achieved. The improvement of the result fore­ cast in last year's Annual Report was partially realized and led to a positive result for the branch. The difficulties facing Marine insurers — rising costs of ship repairs and thefts of cargo — still persis...
78
annual_report
AegonNV-AR_2018
641
Gross deposits 121,700 125,776 (3%) Gross deposits were affected by decreases in our UK platform and asset management businesses. During the year, these more than offset strong inflows into our Dutch mortgage funds.
33
annual_report
RaiffeisenBankInternationalAG-AR_2005
675
The individual network banks define the credit risk policy in coordination with the head office. In the process, the risk strategy is developed and includes, among other things, the amount of loan exposure by sectors, types of credit, and guidelines for maximum limit amount per customer or group of linked
50
annual_report
Sampoplc-AR_2015
1,144
Financial leFinancial levvererageage measured as the portion of debt of all liabilities was low, being 24 per cent.
18
annual_report
5843
753
Our allowance for credit losses at December 31, 2020 includes two financial sector bonds experiencing ongoing weakness in operating performance. The allowance for these bonds was established as the difference between the amortized cost and present value of expected cash flows, which is equal to fair value. Our allowanc...
75
10K
RSAInsuranceGroupPLC-AR_2017
1,627
Long-term incentive 2018-20 The plan directly supports the building of shareholder value by targeting Group underlying Return on Tangible Equity (ROTE), relative Total Shareholder Return (TSR) and a Business Scorecard.
30
annual_report
ScorSE-AR_2020
5,835
As at December 31, 2020, MAZARS were in the 31st year of total uninterrupted engagement and KPMG SA in the1st year.
21
annual_report
NatixisSA-AR_2007
640
Permanent representative of Bred Gestion on the Board of Directors of LFI 2
13
annual_report
ScorSE-AR_2018
602
SCOR announced its current investment strategy in September 2016, as part of its “Vision in Action” strategic plan. During the three-year period covered by the strategic plan SCOR intends to achieve higher investment returns through a normalization of its asset management policy, consisting in (i) reducing liquidity to...
78
annual_report
NatwestGroupPLC-AR_2015
6,777
Standby facilities and credit line lend - under a loan commitment,
11
annual_report
5418
513
The Trump administration and Republican leadership have repeatedly communicated their intention to alter or repeal the Affordable Care Act, but their efforts to do so have so far been unsuccessful. As a part of the tax reform law that came into effect in December 2017, the tax penalty for violating the individual manda...
136
10K
1092
256
Despite these acquisitions, the Company's sales of deferred fixed annuities declined 3.4% in 1998 and 5.8% in 1997. These declines were largely due to the low interest rate environment that existed in 1998 and 1997, the termination of certain exclusive annuity marketing arrangements with banks and the increased demand ...
148
10K
2714
949
Over the next two years, we have several yen-denominated securities that will mature with yields in excess of Aflac Japan's current net investment yield of 3.92%. These securities total $640 million at amortized cost and have an average yield of 5.91%. These maturities will contribute to a continued decline in our over...
140
10K
fr_axa-AR_2009
2,638
Prior to each meeting, Supervisory Board members receive documentation concerning matters to be reviewed, generally eight days in advance. In accordance with the Supervisory
24
annual_report
StandardLifeAberdeenPLC-AR_2015
2,221
Total items that will not be reclassified subsequently to profit or loss (14) (17)
14
annual_report
3242
693
The estimate of the settlement associated with risk corridor provisions, which is not expected to be applied against the rigors of a final settlement with CMS until mid-2007, requires us to consider factors that may not be certain. These factors include some first year implementation issues such as member eligibility d...
86
10K
RaiffeisenBankInternationalAG-AR_2016
2,256
The mainstays of the economic liquidity risk framework are the going concern and the time to wall scenario (TTW). The going concern report shows the structural liquidity position and covers all main risk drivers which could detrimentally affect the Group in a normal business environment (“business as usual”). The going...
113
annual_report
976
581
Consolidated Statements of Income and Comprehensive Income for the years ended December 31, 1998, 1997 and 1996
17
10K
4773
1,018
The Company adopted the provisions of ASC 740, Income Taxes on January 1, 2007. This interpretation prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC 740 requires that the Company dete...
106
10K
StandardLifeAberdeenPLC-AR_2015
614
2. Employment We want to provide inclusive employment. We help to remove barriers to employment, encouraging meaningful jobs paid at a living wage. We aim to develop our people to reach their full potential and create an environment that supports healthy bodies and minds.
44
annual_report
2048
469
These charges primarily related to $29 million of workforce reductions of approximately 260 positions gross and net and $1 million of other costs.
23
10K
5024
1,792
Savings Plans - The Company and its subsidiaries have several contributory savings plans which allow employees to make regular contributions based upon a percentage of their salaries. Matching contributions are made up to specified percentages of employees’ contributions. The contributions by the Company and its subsid...
68
10K
4699
1,953
Run-off Long-Term Care and Life Segment - Results of Operations As previously discussed under “Uncertainties - Run-off Long-term Care Insurance,” AFG recorded a $153 million loss recognition charge in the fourth quarter of 2012 to write off deferred policy acquisition costs and strengthen reserves in its closed block o...
186
10K
de_allianz-AR_2008
1,508
Company of North America) or if they have a significant impact on the resulting internal risk capital (e.g., hedges of Allianz SE or in the Life/Health segment, if material obligations to policyholders are hedged through financial derivatives). Typically, embedded derivatives contained in a host contract are also inclu...
48
annual_report
4016
1,010
Prior to the adoption of ASC Topic 944, up-front premiums written were allocated to each bond maturity proportionately based on total principal amount guaranteed and were recognized as premiums on a straight-line basis over the term of each maturity. Installment insurance premiums written were recognized as premiums ea...
120
10K
nl_ing_grp-AR_2013
5,270
Risk measurement Economic capital for real estate risk decreased from EUR 807 million at year-end 2012 to EUR 744 million at year-end 2013 due to reduced real estate exposures and lower leverage in the real estate funds.
37
annual_report
RSAInsuranceGroupPLC-AR_2019
1,351
· The Committee reviewed and discussed the results of the Board and committee evaluations, with particular emphasis on how the results will influence Board composition and succession planning. Further information relating to the Board evaluation process and results is included on pages 60 and 61.
45
annual_report
5666
1,330
After estimating the Default to Claim Rate, we estimate Claim Severity based on the average of recently observed severity rates within product type, type of insurance, and Time in Default cohorts. These average severity estimates are then applied to individual loan coverage amounts to determine reserves.
46
10K
TrygAS-AR_2018
437
Quarterly dividends started in 2017 Tryg started paying quarterly dividends in 2017. The Tryg share has a distinct income profile in that the business generally grows in line with GDP, producing high margins, which are mostly returned to shareholders. The prolonged period of very low interest rates in the wake of the f...
73
annual_report
PosteItalianeSpA-AR_2019
5,519
– The payment of pensions and vouchers on behalf of INPS (the National Institute of Social Security), totalling €12 million. Moreover, in February 2019, having conducted a joint assessment, Poste Italiane and INPS signed an agreement that, among other things, has settled the respective past outstanding trade receivable...
57
annual_report
5516
893
The following discussion and analysis of our consolidated financial condition and results of operations should be read in conjunction with our audited consolidated financial statements and related notes included in “Item 8 - Financial Statements and Supplementary Data.”
38
10K
3568
3,455
Minimum future rental income on noncancelable operating leases of flight equipment which have been delivered at December 31, 2007 was as follows:
22
10K
3108
864
Costs that vary and are related to the issuance of insurance policies are deferred, subject to ultimate recoverability, and charged to underwriting expenses as the related premiums are earned. Acquisition costs consist of commissions, premium taxes, advertising and other underwriting costs. The recoverability of premiu...
80
10K
4524
938
minority shareholders. The fair value of the noncontrolling interests in AMIC was based on the closing market price of AMIC’s common stock.
22
10K
2570
573
Payments due by period ----------------------------------------------- Less More than 1-3 4-5 than Total 1 year years years 5 years -------- -------- -------- ------- -------- ($ in thousands) Contractual Obligations - ----------------------- Loss and settlement expense reserves (1) ............. $429,677 $171,138 $157...
88
10K
INGGroepNV-AR_2015
1,676
2015 Performance Indicators Executive Board As indicated in the remuneration policy, the performance of the Executive Board will be assessed based on financial and non-financial indicators. For 2015, performance indicators applied included the following.
34
annual_report
4933
675
During 2014, our operating activities generated cash flows totaling $208.8 million, consisting of net income of $109.9 million adjusted for non-cash revenues and expenses netting to $98.9 million. We used cash of $308.6 million in our investing activities during 2014. The primary uses were $955.3 million of investment ...
125
10K
ScorSE-AR_2016
2,119
The Chief Reserving Actuaries of the divisions are responsible for overseeing the reserves of their respective divisions, to assure appropriateness in the reserving methods and parameters used and to enhance reserving governance. The Group Chief Actuary is in charge of the independent validation and testing of reservin...
52
annual_report
fr_axa-AR_2002
1,279
Southern Europe. Spanish Life market2 increased by 15% driven by the legal requirement of group pension outsourcing, regulatory deadline being 2002 November 16th. In 2002, the Italian market witnessed high expansion rates: gross written premiums went up 18% vs. 12% in 2001. Traditional products with a guaranteed yield ...
69
annual_report
4697
860
Our Operating ROAE was 11.7% for 2013, compared to 7.7% for 2012 and 7.2% for 2011. The Operating ROAE for 2013 reflects a lower amount of losses from catastrophic events than the comparable periods, somewhat offset by the impact of lower interest yields on the investment portfolio.
47
10K
INGGroepNV-AR_2005
2,249
(Depositary receipts for) own ordinary shares held by ING Group and its subsidiaries 38.7 29.5
15
annual_report
INGGroepNV-AR_2016
282
Providing a differentiating customer experience section in the “Retail Banking” chapter.
11
annual_report
2895
1,592
The financial information in this Annual Report on Form 10-K has been derived from our financial statements, which have been prepared as if Genworth had been in existence throughout all periods. Our financial statements include, for all periods, the insurance businesses that we acquired from GE subsidiaries in connecti...
165
10K
5714
915
Estimates of unpaid losses related to long-term care business have a higher degree of uncertainty than estimates for our other products due to the range of ultimate duration of these claims and the resulting variability in their cost (in addition to the variations in the lag time in reporting claims). As an example, an...
154
10K
5617
803
GMLB Fees. We earn fees from the guarantee rider benefits, which are calculated based on benefits that provide the policyholder a minimum return based on their initial deposit (the “ Benefit Base”). Fees calculated based on the Benefit Base are more stable in market downturns, compared to fees based on the account valu...
167
10K
INGGroepNV-AR_2016
5,646
Year-on-year variance analysis The INR Foreign Investments have decrease by EUR 458 million to EUR 714 million (vs 2015) as a result of sale of Kotak shares. The increase in US Dollar cTaR is mainly due to appreciation of the US Dollar and an increase in US Dollar RWA.
49
annual_report
ScorSE-AR_2011
1,513
5, avenue Kléber 75016 Paris France 19 May 1952 Principal Position: Group employee director - Assistant Méthodes et Procédures, SCOR Global P&C SE
23
annual_report
2357
1,271
Currently, our long duration contracts being sold are pre-funded funeral life insurance and investment-type annuities. For pre-funded funeral life insurance policies, any excess of the gross premium over the net premium is deferred and is recognized in income in a constant relationship with the insurance in force. For ...
61
10K
441
576
State of Utah v. R.J. Reynolds Tobacco Company, et al. (U.S. District Court, Central Division, Utah, filed September 30, 1996), filed by the Attorney General of Utah. The Company and Lorillard are defendants in the case.
36
10K
NatixisSA-AR_2007
6,788
At December 31, 2007, the fair value of loans and advances to banks, calculated in accordance with the methods set out in Note 7, amounted to €113,136 million compared to €114,906 million at December 31, 2006.
36
annual_report
NatixisSA-AR_2017
8,694
In 2017, Mirova boasted 31.2% market share (based on total AUM in solidarity-based funds). It is also the No. 1 asset management company in solidarity-based investment solutions in France, with 23.1% market share (source: Finansol survey).
36
annual_report
RaiffeisenBankInternationalAG-AR_2013
1,364
Intangible fixed assets acquired in a business combination are reported separately from goodwill and measured at fair value. Goodwill and other intangible fixed assets without definite useful lives are tested for impairment at each reporting date. Impairment tests are performed whenever special events (trigger events) ...
67
annual_report
AdmiralGroupPLC-AR_2015
1,787
There are no annual bonus outcomes to report in the table as Admiral does not operate any performance-based annual bonus schemes.
21
annual_report
2776
1,085
Details of gross premiums written by line of business are provided below ($ in millions):
15
10K
gb_lloyds_banking_grp-AR_2010
1,539
Overview Business review Governance Financial statements Other information 51 Group profile 1
12
annual_report
AssicurazioniGeneraliSpA-AR_2019
1,939
The operating result is drawn up by reclassifying items of earnings before taxes for each segment on the basis of the management characteristics of each segment and taking into consideration the recurring holding expenses. Specifically, the operating result represents earnings before taxes, gross of interest expense on...
59
annual_report
ASRNederlandNV-AR_2008
1,049
13 Current liabilities 13 Debts owed to group companies The increase in the debts owed to group companies in 2008 is related to the capital additions to participating interests in group companies.
32
annual_report
HannoverRueckSE-AR_2012
460
France and the Middle East The business volume written by our life branch in Paris – which bears responsibility not only for France but also for other Frenchspeaking countries and countries in the Middle East – surpassed the EUR 500 million mark for the first time in the year under review. The main growth driver in the...
87
annual_report
de_allianz-AR_2007
1,145
We are subject to competition from both bank and non-bank institutions that provide financial services and, in some of our activities, also from government agencies. Substantial competition exists among a large number of commercial banks, saving banks, other public sector banks, brokers and dealers, investment banking ...
70
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2004
1,059
In 2004, the premium volume of our subsidiary in Italy, which operates in life and non-life business, declined marginally by 2.0% to €635m (648m). The losses of premium that the subsidiary had been prepared to accept in property-casualty and health insurance were largely compensated for by increases in the life segment...
109
annual_report
5732
692
At December 31, 2019, the remaining authorized amount for share repurchase under the Repurchase Program was approximately $2.0 billion. Under the Repurchase Program, we have repurchased a total of 128.7 million shares for an aggregate cost of approximately $13.0 billion.
40
10K
4105
1,176
MLLIC’s $3.4 million of gross unrealized losses and OTTI within the Industrial sector has an estimated fair value of $169.1 million. The majority of the unrealized loss in the Industrial sector relates to the following sub-sectors: Basic Industries and Capital Goods, Consumer Cyclical, Communications, Energy and Transp...
142
10K
fr_axa-AR_2013
8,135
Compliance and Ethics Guide prohibits the sale of shares acquired subsequent to the exercise of stock options
17
annual_report
PowszechnyZakladUbezpieczenSA-AR_2013
1,742
PZU SA / PZU Życie SA and in Fraud Preventing Policy for PZU SA /PZU Życie SA.
17
annual_report
RaiffeisenBankInternationalAG-AR_2007
591
You also founded a charitable initiative in 2007. What is that about? My life and career have been so enriched by my activity in Central and Eastern Europe that I would like to give something back to the region. So, on my 60th birthday, I set up the H. Stepic CEE Charity, whose aim is to provide assistance to children,...
88
annual_report
3986
1,920
Sun Life Vermont, a subsidiary of the Company prior to December 31, 2009, entered into a reinsurance agreement with SLOC, effective November 8, 2007, under which Sun Life Vermont assumed the risks of certain UL policies issued by SLOC through December 31, 2008. This agreement is described more fully in Note 9.
52
10K
NatwestGroupPLC-AR_2015
3,382
• Stress scenario definition: ° RBS-specific vulnerabilities are identified and linked to the development of relevant stresses; ° Scenario is defined, severity calibrated and parameters established; and
27
annual_report
2776
1,045
All of these actions will alter our loss profile going forward. Compared to prior years, we expect that our results of operations will be less sensitive to low frequency large loss events, leading to a narrower range of likely outcomes from extreme events, but our results may be more sensitive to medium sized attrition...
55
10K
ch_zurich_insurance_group-AR_2009
167
We are well-positioned to manage credit risk generally and to maintain that position going forward. We pay close attention to the credit quality of our counterparties, including banks and reinsurers, and continually assess possible concentration of credit risk. We also keep a close eye on market developments so that we...
58
annual_report
HiscoxLtd-AR_2014
1,365
One method of assessing interest rate sensitivity is through the examination of duration-convexity factors in the underlying portfolio. Using a duration-convexity-based sensitivity analysis, if market interest rates had risen by 100 basis points at the balance sheet date, the Group equity and profit after tax for the y...
76
annual_report
2216
1,072
The following table summarizes the composition of our gross and net loss and loss adjustment expense reserves by major product line as of December 31, 2003 and 2002. Our loss and LAE reserves related to our foreign operations are presented in total in the table, as those operations do not classify their business using ...
63
10K
AvivaPLC-AR_2015
998
Based on our current positioning, and subject to all the usual caveats about weather and economic conditions, we would normally expect Aviva’s operating EPS to average in the mid-single digit growth rates annually. In 2016 operating EPS will suffer the dilutive impact of a full year of shares outstanding from the Frien...
59
annual_report
4523
3,671
Collateral posted by us to third parties for derivative transactions was $4.5 billion and $4.7 billion at December 31, 2012 and December 31, 2011, respectively. This collateral can generally be repledged or resold by the counterparties. Collateral obtained by us from third parties for derivative transactions was $1.4 b...
69
10K
342
345
Balance, December 31, 1994 413,903 0.53 - 2.00 2.00 Exercised (1,403) 0.53 0.53 --------- ------------- -----
16
10K
fr_axa-AR_2006
4,123
Fixed maturities held by controlled investment funds (b) – 13 6 19
12
annual_report
2665
5,549
•We currently maintain one primary credit facility and one additional credit facility totaling $1.05 billion to cover short-term liquidity requirements. The primary facility is a $1 billion five-year revolving line of credit expiring in 2009. It contains an increase provision that would make up to an additional $500 mi...
176
10K