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SwissReAG-AR_2020
414
Unique depth of data Specific locations face a variety of risks – ranging from windstorms, floods and wildfires through to earthquakes. Swiss Reʼs risk tools also extend to important new risks, such as declining biodiversity or climate change.High-quality data
39
annual_report
2254
996
The Code permits dividends to be paid only out of earned surplus and also requires prior approval of extraordinary dividends. An extraordinary dividend is any dividend or distribution of cash or other property, the fair market value of which, together with that of other dividends or distributions made within a period o...
143
10K
SwissReAG-AR_2015
1,962
̤ mercer provides information about remuneration trends, market benchmarking and advice on executive compensation issues.
15
annual_report
3971
535
The Company’s products consist primarily of dental HMO, PPO and indemnity plans, with dental HMO products constituting 88.3% of its total revenues. Substantially, all of the Company’s products are marketed to employer groups. The Company’s business model allows it to offer dental benefit products including broad networ...
84
10K
3817
1,292
Ultimate reinsurance allowances are defined as the lowest allowance percentage paid by the reinsurer in any policy duration over the lifetime of a universal life policy (or through the end of the level term period for a traditional life policy). The Company determines ultimate allowances as the final amount to be paid ...
143
10K
SwissReAG-AR_1999
850
Risk of change: Fluctuation of actual from statistically anticipated claims experience as a result of technical, social, commercial or political changes.
21
annual_report
SwissLifeHoldingAG-AR_2016
1,333
The net asset value remained stable despite further reserve strengthening, increased dividends and financing of new business. Goodwill and other intangibles are not included in the net asset value, with the exception of France (see section 4.7).
37
annual_report
3631
972
require insurance companies operating within the jurisdiction to participate in guaranty associations. The associations levy assessments against their members for the purpose of paying benefits due to policyholders of impaired or insolvent insurance companies. Association assessments levied against us from January 1, 2...
73
10K
2665
2,933
Historical Catastrophe Experience In the last 13 years, the average annual impact of catastrophes on our Property-Liability loss ratio was 6.5 pts. However, this average does not reflect the impact of some of the more significant actions we have taken to limit our catastrophe exposure. Consequently, we think it is usef...
164
10K
3072
969
State Auto P&C assumes catastrophe reinsurance from the State Auto Group in the amount of $100.0 million excess of $135.0 million ($120 million prior to July 1, 2006) in exchange for a premium paid by each reinsured company. Under this agreement, the Company has assumed from State Auto Mutual and its affiliates premium...
94
10K
5632
730
The major rating agencies’ ratings of our debt at February 19, 2019 appear in the table below.
17
10K
4931
561
We conduct regular reviews to assess whether our investments are impaired and if any impairment is other than temporary. Factors considered by us in assessing whether an impairment is other than temporary include the credit quality of the investment, the duration of the impairment, our ability and intent to hold the in...
165
10K
5579
940
Cash and Cash Equivalents. The carrying value of cash and cash equivalents approximates fair value as maturities are less than three months. Fair values of cash equivalent instruments that do not trade on a regular basis in active markets are classified as Level 2.
44
10K
1070
750
Depreciation expense was $1.3 million, $873,000, and $751,000 in 1998, 1997, and 1996, respectively.
14
10K
2873
1,032
The following table shows an analysis of the Company’s gross premiums written by domicile of subsidiary for the years ended December 31, 2005, 2004 and 2003:
26
10K
4145
1,999
The Company has performed an evaluation of subsequent events through March 1, 2010, which is the date the financial statements were issued.
22
10K
5404
2,955
The Company is a financial services organization in the United States that offers a broad range of retirement services, annuities, investment management services, mutual funds, life insurance, group insurance and supplemental health products. The Company provides its principal products and services through four segment...
93
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2018
826
3 Economic earnings and the newly issued subordinated bond increased the eligible own funds as at the reporting date by a total of around €3.2bn. At the same time, the dividend approved by the Board of Management for the 2018 financial year and the potential 2019/2020 share buy-back had a reducing effect of approximate...
55
annual_report
NatixisSA-AR_2012
711
2.1 STRATEGIC OUTLINES AND ORGANIZATION OF THE SUSTAINABLE DEVELOPMENT POLICY 42 2.1.1 Sustainable development as a growth driver 42 2.1.2 Managing our direct impact on the environment 49 2.1.3 Responsible purchasing policy 51 2.1.4 Human Resources policy and diversity management 52 2.1.5 Community outreach 53 2.2 REPO...
84
annual_report
AvivaPLC-AR_2015
4,677
The issue of new shares in the Company in exchange for shares of Friends Life has attracted merger relief under section 612 of the Companies Act 2006. Of the £5,975 million, £272 million (25 pence per ordinary share) has been credited to share capital and the remaining £5,703 million has been credited to the merger res...
67
annual_report
4149
9,555
The following table identifies fixed income and equity securities and short-term investments as of December 31, 2010 by source of value determination:
22
10K
gb_lloyds_banking_grp-AR_2016
5,427
(D) Analysis of cash and cash equivalents as shown in the balance sheet 2016 £m £m £m
17
annual_report
Sampoplc-AR_2006
1,170
Retail customer lending increased by EUR 1.9 billion (19 per cent) of which the Baltic accounted for EUR 0.4 billion (62per cent). 79 per cent of the retail loan portfolio and most of the new lending were used to finance the purchase of dwellings. The Baltic countries accounted for 8.9 per cent of the retail loan portf...
131
annual_report
AvivaPLC-AR_2002
364
Fund Management Falling market values of equity investments have led to depressed fund management fees across the Group’s fund management operations. The notable exception was France where the majority of the investment portfolio is held in fixed income securities.
39
annual_report
5258
1,890
Includes $24 million of limited partnership interests written-down to fair value in connection with recognizing other-than-temporary impairments.
17
10K
4314
503
Expenses other than reimbursements, direct compensation and related payroll taxes and fringe benefits increased as a percent of segment revenues before reimbursements from 23.1% in 2009 to 25.3% in 2010 and the dollar amount of these expenses increased by $18.3 million. The increase in 2010 was due primarily to the wea...
78
10K
4323
1,464
The following table presents the components of the Company’s other comprehensive income (loss) for the years ended December 31, 2010, 2009 and 2008 (dollars in thousands):
26
10K
4014
2,024
The Company's LAE reserves for mitigating claim liabilities were $12.6 million and $1.6 million as of December 31, 2009 and 2008, respectively.
22
10K
gb_prudential-AR_2012
5,214
Scope of the audit of the supplementary information An audit involves obtaining evidence about the amounts and disclosures in the supplementary information suffi cient to give reasonable assurance that the supplementary information is free from material misstatement, whether caused by fraud or error. This includes an a...
129
annual_report
ScorSE-AR_2009
1,668
At its meeting of 26 August 2008, the Company’s Board of Directors authorised, pursuant to Article L. 225-38 of the French Commercial Code, the signature of the agreement, finalised with BNP Paribas, for the issue of stand-by letters of credit, with regard to the Group’s insurance and reinsurance activity for a maximum...
57
annual_report
1640
532
We participate with several affiliates in various defined benefit plans covering substantially all of our employees. The benefits of these plans are based primarily on years of service and employees' compensation. Net periodic pension cost of the plans is allocated between participants generally on a basis of time incu...
77
10K
HelvetiaHoldingAG-AR_2013
1,257
Reinsurers’ share of benefits and claims 40.0 55.5 61.0 44.8 61.1 46.4 5.6 13.3 75.1 84.3 – – – 96.0 – 113.5 146.8 130.8
24
annual_report
2484
868
AFLIAC declared a dividend of $75.0 million to the holding company in December 2004, which was paid in January 2005. In December 2003, AFLIAC declared and paid a $25.0 million dividend to the holding company. Both dividends were approved by the Massachusetts Commissioner of Insurance.
45
10K
4331
1,171
As of December 31, 2010, $85 million of unrecognized tax benefits would impact the effective tax rate if recognized. Aon does not expect the unrecognized tax positions to change significantly over the next twelve months, except for a potential reduction of unrecognized tax benefits in the range of $10-$15 million relat...
55
10K
4096
754
We are involved in various litigation proceedings that arise in the ordinary course of our business. Disputes adjudicated in the workers' compensation administrative systems may be appealed to review boards or civil courts, depending on the issues and local jurisdictions involved. From time to time plaintiffs also sue ...
159
10K
GjensidigeForsikringASA-AR_2019
244
Good risk understanding and management are vital to long-term value creation
11
annual_report
StandardLifeAberdeenPLC-AR_2014
3,947
Total 545 54 333 739 1,671 1 Comparatives for the year ended 31 December 2013 have been restated to reflect retrospective application of changes to accounting policies as a result of new
32
annual_report
5375
1,346
Funds Withheld at Interest - Funds withheld at interest represents a receivable for amounts contractually withheld by ceding companies in accordance with funds withheld coinsurance (funds withheld) and modified coinsurance (modco) reinsurance agreements in which we act as reinsurer. Generally, assets equal to statutory...
71
10K
1410
598
GAINSCO, INC. (GNA) is a holding company that provides administrative and financial services for its wholly owned subsidiaries. GNA needs cash for: (1) principal and interest on the note payable, (2) dividends on common and preferred stock, (3) administrative expenses, (4) income taxes, and (5) investments. In February...
134
10K
5410
1,101
Stock Options. The outstanding unvested employee stock options were converted into 592,486 Willis Towers Watson stock options using the conversion ratios stated in the Merger agreement for the number of options. The fair value of the stock options was calculated using the Black-Scholes model with a volatility and risk-...
119
10K
StandardLifeAberdeenPLC-AR_2017
2,714
Determination of the fair value of private equity investments and debt securities categorised as level 3 in the fair value hierarchy
21
annual_report
RSAInsuranceGroupPLC-AR_2013
10
A Risk Managed D Property B Marine E Group Reinsurance C Construction and
13
annual_report
INGGroepNV-AR_2018
727
Nevertheless, we continue to be recognised for our efforts in this area. In an independent genderequality report by Amsterdam-based interest group Equileap, ING ranks among the top 200 companies in the world and among the top five in the Netherlands. The 2018 report compared more than 3,000 companies from 23 countries ...
82
annual_report
ASRNederlandNV-AR_2018
4,495
Our procedures focused primarily on the risks relating to the valuation model, assumptions and judgments associated with the estimation of the fair value measurements. These included amongst others: • Gaining an understanding through enquiry and review of the valuation methodology adopted by
42
annual_report
RaiffeisenBankInternationalAG-AR_2007
412
financing – Фінансаванне telephone call – Тэлефонная размова appointment – сустрэча to connect – злучыць moment – момант to help – дапамагчы
22
annual_report
AvivaPLC-AR_2010
1,692
2. The performance period for all awards begins at the commencement of the financial year in which the award is granted. 3. The performance conditions for awards granted and vested during 2010 are explained elsewhere in this report. 4. The monetary value of awards will be calculated by multiplying the relevant number o...
398
annual_report
AvivaPLC-AR_2012
1,205
Role of the Board The Board is responsible to shareholders for promoting the long term success of the Company, and in particular, for setting the Group’s strategic aims, monitoring management’s performance against these strategic aims, setting the Group’s risk appetite and ensuring the Group is adequately resourced and...
84
annual_report
Sampoplc-AR_2003
450
Net income from transactions in securities and foreign exchange dealing -1 5 12 -13 13
15
annual_report
AdmiralGroupPLC-AR_2011
507
Fun If people like what they do, they will do it better. Organised activities for our staff can be weird, wild and wonderful, but they are also a great tool for motivating.
32
annual_report
5636
1,357
Per Risk Coverage: The Company also purchased property per risk coverage for losses and loss adjustment expenses in excess of $1 million per claim. The limit recovered for an individual loss is $9 million and total limit for all losses is $27 million. There are two reinstatements available with additional premium due b...
86
10K
INGGroepNV-AR_2020
5,875
Credit (Debt securities, Loans, structured notes, credit derivatives) 43 10 -27 i) Financial instruments not measured at fair value
19
annual_report
4282
947
The decrease in Asset Management operating expenses for 2010 compared to 2009 was due to decreases in lease obligations and compensation related expenses resulting from our 2009 operating expense reduction initiatives and careful expense management during 2010. The decrease in operating expenses for 2009 compared to 20...
82
10K
HannoverRueckSE-AR_2012
1,570
Private equity Theoretical price Acquisition cost, cash flows, EBIT multiples, market prices
12
annual_report
4081
422
Insurance Expenses in the Kemper segment decreased by $8.6 million for the year ended December 31, 2009, compared to the same period in 2008. Insurance Expenses for the year ended December 31, 2009 included a reduction in expense of $2.8 million due to a change in the Kemper segment’s estimated TWIA assessment for Hurr...
174
10K
Sampoplc-AR_2018
1,110
December 2017 has been consolidated line by line. As a separate line item is also presented the gain from the fair valuation of former associated company.
26
annual_report
fr_axa-AR_2016
1,806
Profi t or loss on fi nancial assets (under Fair Value option) & derivatives (18) (19)
16
annual_report
SwissReAG-AR_1992
458
The gross premiums of the Bavarian Reinsurance Com­ pany Limited, fvlunich, rose in Non-Life reinsurance by 16.5% to DM 2,484.6 million, growth being particularly pronounced in foreign business and in the Property lines. The underwriting loss rose significantly as against the previous year, which can largely be attribu...
113
annual_report
2251
1,066
o $48.0 million on secured financings backed by an airline, or its subsidiaries, that filed for Chapter 11 bankruptcy protection during the third quarter of 2002.
26
10K
HiscoxLtd-AR_2004
105
London Market This business consists of our share of the profits of Syndicate 33, fees and profit commission from third party capital and the return on the capital which supports the business. Operating profits of £63.5 million were achieved (2003: £61.5 million). This business performed exceptionally well considering ...
60
annual_report
PowszechnyZakladUbezpieczenSA-AR_2020
2,518
Graduate of the University of Gdańsk. In 1999 he passed the examination for candidates to become supervisory board members in companies in which the State Treasury holds an equity stake. Editor-in-Chief of Tygodnik Gdański, a journalist of Głos Wybrzeża and Tygodnik Czas, among others. A member of parliament in its 7th...
54
annual_report
4016
1,181
shares outstanding consider common stock deliverable pursuant to stock options, nonvested restricted stock and units, and stock purchase contracts. There were no dilutive effects for the years ended December 31, 2009, 2008 and 2007. The following table presents securities outstanding that could potentially dilute basic...
73
10K
1723
377
Commissions and bonuses increased $7.9 million, or 53.7%, in 2001 compared to 2000, and $2.5 million, or 20.5%, in 2000 compared to 1999. The increases are primarily related to increased sales for the segment.
34
10K
5866
2,077
fixed maturity investments as of and for the year ended December 31, 2020:
13
10K
4334
678
Included in our U.S. public finance loss and LAE reserves are both reserves for insured obligations for which a payment default has occurred and National has already paid a claim and also for which a payment default has not yet occurred but a claim is expected in the future. The following table includes LAE reserves as...
101
10K
2869
710
Net income for the year ended December 31, 2005 was $6.7 million compared to $133.7 million for the year ended December 31, 2004. The decline in net income is principally attributable to the losses associated with hurricanes Katrina, Rita and Wilma and lower income from our alternative investment portfolio offset by hi...
67
10K
NatwestGroupPLC-AR_2011
4,288
Weighted average number of shares (millions) Ordinary shares in issue during the year 57,219 56,245 51,494 B shares in issue during the year 51,000 51,000 1,397 Weighted average number of ordinary and B shares in issue during the year 108,219 107,245 52,891
42
annual_report
AssicurazioniGeneraliSpA-AR_2016
2,964
Non-life net insurance benefits and claims 13,211 13,604 -376 -524 12,836 13,081
12
annual_report
4656
1,136
The requirements for measuring the fair value of equity instruments are consistent with those for measuring liabilities;
17
10K
5183
1,140
A reconciliation of the pre-tax accumulated other comprehensive income (loss) related to defined benefit pension plans for each of the two years ending December 31, 2015 follows (in millions).
29
10K
NatwestGroupPLC-AR_2004
1,339
Short-term liquidity risk is managed on a consolidated basis for the whole Group excluding the activities of Citizens and insurance businesses, which are subject to regulatory regimes that necessitate the separate management of liquidity.
34
annual_report
NatwestGroupPLC-AR_2020
2,266
Provision of a monthly pension allowance paid in cash and based on a percentage of salary. Opportunity to use the cash to participate in a defined contribution pension scheme.  CEO – 10% of base salary  CFO – 10% of base salary
43
annual_report
PosteItalianeSpA-AR_2018
833
Net Profit for 2018 amounts to €1,399 million (€689 million for 2017).
12
annual_report
ScorSE-AR_2018
2,842
During the first quarter 2018, MutRé and M&S Brazil/Essor ceased being accounted for under equity method, for the carrying value of EUR 45 million and EUR 8 million respectively, and are fully consolidated as SCOR obtained control. (See Note 3 – Acquisitions and disposals).
44
annual_report
5117
960
On September 1, 2013, we purchased a 99% interest in a limited liability company that has ownership interests in four limited liability companies that own five 2011 Era Plants. The purchase price was $4.0 million in cash plus a $10.0 million note with 3% interest due in installments through December 19, 2021. Total rev...
124
10K
gb_prudential-AR_2009
4,725
Effect of changes in 10-year treasury rates, beta and equity risk premium:note
12
annual_report
5375
1,513
Investment Funds-Our investment fund portfolio consists of funds that employ various strategies and include investments in real estate and other real assets, credit, private equity, natural resources and hedge funds. Investment funds typically meet the definition of VIEs and are discussed further in Note 4 - Variable I...
49
10K
1951
888
In 2001, interest credited increased $8.9 million or 42%, to $30.2 million due to increased average interest sensitive liabilities of $159.2 million or 25% compared to the 2000 period. In addition, interest credited increased $3.7 million as a result of market value changes of call options supporting our equity-indexed...
50
10K
gb_lloyds_banking_grp-AR_2015
3,254
Materiality The scope of our audit was influenced by our application of materiality. We set certain quantitative thresholds for materiality. These, together with qualitative considerations, helped us to determine the scope of our audit and the nature, timing and extent of our audit procedures on the individual account ...
68
annual_report
4282
1,465
calculated DAC balance. Costs that do not vary with the production of new business are not deferred as DAC and are charged to expense as incurred. Generally, annual commissions are considered expenses and are not deferred.
36
10K
PhoenixGroupHoldingsPLC-AR_2017
3,449
Standard Life Investments UK Real Estate Income Feeder Fund Edinburgh22 OEIC, sub fund 29.04%
14
annual_report
1206
501
Other operating expenses increased to $19,313,000 for the year ended December 31, 1998 from $15,716,000 in 1997. The increase was mainly due to salary and benefits expenses associated with new operations. Included in other operating expenses were foreign currency exchange gains of $204,000 for 1998 compared to losses o...
56
10K
de_allianz-AR_2019
3,426
SIGNIFICANT TRANSFERS OF FINANCIAL INSTRUMENTS CARRIED AT FAIR VALUE In general, financial assets and liabilities are transferred from level 1 to level 2 when their liquidity, trade frequency, and activity are no longer indicative of an active market. The same policy applies conversely for transfers from level 2 to lev...
51
annual_report
5414
913
Basic earnings per share (EPS) is based on the weighted average number of shares of common stock outstanding for the period, excluding any dilutive common stock equivalents. Diluted EPS reflects the potential dilution resulting from vesting of restricted stock awards. The following table shows the computation of basic ...
61
10K
1601
237
Annuities. Annuity products are marketed by Torchmark to service a variety of needs, including retirement income and long-term, tax-deferred growth opportunities. Torchmark's annuities are sold almost entirely by the United Investors Agency, a component of Torchmark's Other distribution category. This Agency consists o...
118
10K
StandardLifeAberdeenPLC-AR_2017
3,055
In July 2017, HDFC Standard Life Insurance Company Limited (HDFC Life) announced that its board of directors had approved proceeding with an initial public offering (IPO), with the Group offering up to 5.43% of the paid-up equity share capital of HDFC Life. Refer Note 1 for further details. Following the IPO, the Group...
77
annual_report
ch_zurich_insurance_group-AR_2004
1,297
Consolidated statements of shareholders’ equity in USD millions, except number of shares, for the years ended December 31
18
annual_report
ASRNederlandNV-AR_2013
218
Gross premiums written In the Life segment, gross premiums written declined from € 1,891 million to € 1,666 million, a 12% decrease.
22
annual_report
269
270
NOTES TO FINANCIAL STATEMENTS (CONTINUED) YEARS ENDED DECEMBER 31, 1995, 1994 AND 1993
13
10K
2216
1,309
Through its subsidiary, Symphony, which manages equity and fixed-income market-neutral accounts and funds for institutional investors, Nuveen Investments earns performance fees for investment performance above specifically defined benchmarks. These fees are recognized as revenue only at the performance measurement date...
63
10K
AvivaPLC-AR_2013
3,434
Notes to the consolidated financial statements continued 58 – Risk management continued (ii) Analysis of maturity of financial assets The following table provides an analysis, by maturity date of the principal, of the carrying value of financial assets which are available to fund the repayment of liabilities as they cr...
57
annual_report
2783
888
Under GAAP, income from joint ventures is shown separately, net of tax, on the statement of operations.
17
10K
109
200
The Company continually evaluates the creditworthiness of each issuer for all securities held in its portfolio. Changes in market value are evaluated to determine the extent to which such changes are attributable to: (i) interest rates, (ii) market-related factors other than interest rates and (iii) financial condition...
57
10K
NatwestGroupPLC-AR_2020
1,656
Board effectiveness In 2020, the Board and Committee evaluation was conducted by the Chief Governance Officer and Company Secretary. The review concluded that the Board and its Committees continue to operate effectively and within their terms of reference. Further information on the 2020 internal evaluation can be foun...
51
annual_report
fr_axa-AR_2015
7,535
is recognized to the extent that it is recoverable, either through future contribution reductions or a refund to which the Group has an unconditional right, including the ability to use the surplus to generate future benefi ts.
37
annual_report
2391
1,820
(a) As if we had applied SFAS 123 to expense stock options in all periods. Includes amounts actually recognized in net earnings for the years presented.
26
10K
Sampoplc-AR_2000
1,044
Positive valuation differences of derivatives are taken into account in the solvency margin calculation.
14
annual_report
gb_prudential-AR_2005
3,674
Some of the Group’s products, especially those sold in the US, have certain guarantee features linked to equity indexes. A mismatch between product liabilities and the performance of the underlying assets backing them exposes the Group to equity index risk. In order to mitigate this risk, the relevant business units pu...
65
annual_report
NatixisSA-AR_2009
3,779
For geographical risk, the analysis takes into account the sovereign rating, which itself includes a number of inputs such as the country’s political situation, its ability to withstand extreme stress, economic fundamentals (e.g., GDP per capita, external debt ), government effi ciency, economic performance and economi...
104
annual_report
5322
589
(1) A.M. Best rating as of the most current information available February 1, 2017
14
10K
5007
1,959
The reduction in estimates of net ultimate losses of $218.1 million comprised net incurred loss development of $49.3 million and reductions in net IBNR reserves of $267.4 million. During the three months ended December 31, 2012, one of the Company’s insurance entities, following an exposure-based review of all advised ...
189
10K