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TrygAS-AR_2013
1,129
Reserves from 2002 and prior years 2,060 Other 816 Gross claims pro- visions, end of year 26,087
17
annual_report
BeazleyPLC-AR_2019
1,866
The most critical estimate included within the group’s financial position is the estimate for insurance losses incurred but not reported, which is included within total insurance liabilities and reinsurance assets in the statement of financial position and in note 24. This estimate is critical as it outlines the curren...
150
annual_report
SwissLifeHoldingAG-AR_2014
791
The sustained business growth and further lowering of the guarantees increased the value of the in-force business. In group life, characterised by variable guarantees, the business-inherent shareholder options drive the time value of options and guarantees, which increased due to higher interest rate volatilities; the ...
52
annual_report
3021
2,612
The following table summarizes the gross unrealized losses and cost basis on securities available for sale, aggregated by major investment category and length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2006 and 2005.
42
10K
2741
10,161
As a result of the new information obtained in the claims audit review, the Company performed a supplemental analysis of its North American casualty reinsurance lines of business specific to the nature of individual cedent’s circumstances. The Company separately reviewed the historical loss development of its major ced...
125
10K
SwissReAG-AR_2015
1,823
Base salary Base salary is the fixed compensation paid to employees for carrying out their role and is established based on the
22
annual_report
3815
2,768
• The change to favorable prior accident year reserve development was largely due to a $210 increase in net favorable reserve development in Ongoing Operations, driven largely by an increase in net reserve releases for workers’ compensation, professional liability and personal auto liability claims. Refer to the “Reser...
55
10K
2031
1,127
Other comprehensive income is recorded for the change in the net unrealized appreciation of investments and the change in foreign currency translation adjustments, both net of income taxes.
28
10K
1740
323
The amortized cost and estimated fair values of debt securities at December 31, 2001 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations.
38
10K
SwissLifeHoldingAG-AR_2017
1,232
Board oversight of anti-corruption / ethics yes yes yes yes AR, p. 31 and Swiss Life Holding Ltd, Articles of Association, Article 11
23
annual_report
4441
1,122
Defaults are factored into the determination of the allowance for credit losses by indicating that, as a result of the default, the Company does not expect to collect all amounts due per the modified terms. The following table shows the number and value of TDRs within the previous twelve months for which there was a pa...
69
10K
de_allianz-AR_2009
2,115
Property-Casualty and Life/Health segments Our insurance operating entities manage liquidity risk locally, using local asset-liability management systems designed to ensure that assets and liabilities are adequately matched. To the extent available, the approaches used to project the liability cash flows for the Proper...
53
annual_report
2420
1,308
Length of time the fair value was below 80% of amortized cost
12
10K
NatixisSA-AR_2008
9,882
Finally, Natixis was able to complete its medium-term refi nancing program for 2008, which mainly took the form of private and public issues as well as of use of the new measures instituted by the French ministry of fi nance.
40
annual_report
GjensidigeForsikringASA-AR_2010
2,345
perspeCtive 189gjensidige AnnUAL RePORT 2010 resu lts 21 – COntingent liabilities nOk million 2010 2009 guarantees and committed capital gross guarantees 0.6 0.6 Committed capital, not paid 705.8 946.0
29
annual_report
5804
1,090
Rental expense for the three years ended December 31, 2019 is as follows:
13
10K
Sampoplc-AR_2009
462
According to its dividend policy, Sampo plc aims to distribute an annual dividend corresponding to a dividend yield of 4 – 6 per cent. However, dividends cannot exceed reported profit after tax (excluding extraordinary items) for the calendar year for which the dividend is paid. Share buy-backs can be used to complemen...
53
annual_report
AegonNV-AR_2010
1,686
Other comprehensive income: Gains / (losses) on revaluation of available-for-sale investments 3,873 7,860 (11,139)
14
annual_report
4039
1,166
New accounting standards issued during the year that would have a significant impact on the
15
10K
NatwestGroupPLC-AR_2014
5,347
• Of the £102 billion of debt securities, £25 billion are asset-backed but underlying collateral is not reflected above as RBS only has access to cash flows from the collateral.
30
annual_report
SwissLifeHoldingAG-AR_2004
1,973
Long Term Strategy in liquidation, Zug Other ° 99.8% 100.0% full CHF 2 000
14
annual_report
4086
1,452
Our funding policy is to contribute annually at least the minimum required contribution under the Employee Retirement Income Security Act (ERISA). Contributions are intended to provide not only for benefits accrued to date, but also for those expected to be earned in the future. In 2009, 2008 and 2007, we made contribu...
61
10K
699
98
Cumberland leases office space from a company owned by the Chairman of the Board, Mr. Francis M. Williams, at a monthly rate of $7,254 pursuant to a lease that was executed March 1, 1997 and is effective through December 31, 2001.
41
10K
BeazleyPLC-AR_2015
1,829
The aforementioned interim and special dividends will be payable on 31 March 2016 to shareholders registered at 5.00pm on 26 February 2016 (save to the extent that shareholders on the register of members on 26 February 2016 are to be paid a dividend by a subsidiary of the company (being Beazley DAS Limited) resident fo...
83
annual_report
4437
1,952
on September 24, 2010, a new share repurchase plan up to $750 million of our common shares until December 31, 2012.
21
10K
HannoverRueckSE-AR_2011
3,011
ing – depending on the nature of the underlying business – an
12
annual_report
5851
6,164
Fortitude Re was established during the first quarter of 2018 in a series of reinsurance transactions related to our Run-Off operations. Those reinsurance transactions were designed to consolidate most of our Insurance Run-Off Lines into a single legal entity. As of December 31, 2020, approximately $30.5 billion of res...
87
10K
RSAInsuranceGroupPLC-AR_2009
709
The following table sets out the base salaries of UK based executives below Board level on a banded basis as at 31 December 2009. No such executive received a base salary in excess of £371,000.
35
annual_report
5193
904
Prior to the fourth quarter of 2014, property consisting of building and land located in Miami, Florida with a carrying value of $5.2 million was classified as held for sale. As a result of declines in the fair value of the property, the Company recorded an impairment write-down of $1.2 million related to the asset hel...
65
10K
648
103
On January 31, 1997, Vesta Capital Trust I, a Delaware business trust controlled by the Company, sold $100 million of its 8.525% Capital Securities. These securities have a 30 year maturity and are not redeemable except in certain limited circumstances. These securities were sold in a private placement transaction to q...
106
10K
fr_axa-AR_2001
182
In this annual report, the “Company” refers to AXA, a société anonyme organized under the laws of France, and “AXA” refers to the Company and its direct and indirect subsidiaries. The Company’s ordinary shares are referred to in this annual report as “Shares” or “ordinary shares”. The principal trading market for the C...
72
annual_report
5407
603
(2) Specifies the gross incurred losses by which each 144 hour loss occurrence must exceed before recoveries are generated under our aggregate treaty. Once the franchise deductible is met, all losses under the loss occurrence qualify for recovery, not just those losses which exceed the franchise deductible amount.
48
10K
1445
1,717
The balance is comprised of the AVR and other investment reserves which are recorded as liabilities on the statement of financial position as follows:
24
10K
4402
855
We made payments for income taxes of $570,000, $14,124,000 and $4,324,000 during 2011, 2010 and 2009, respectively. In addition, we received refunds totaling $13,491,000 and $10,256,000 in 2010 and 2009, respectively, due to the overpayment of prior year tax and carryback of operating losses. In 2011, we received no re...
90
10K
AvivaPLC-AR_2001
623
The long-term business provision is calculated separately for each life operation, mainly using the net premium method, based on local actuarial principles consistent with those applied in the United Kingdom. Each calculation represents a point within a range of possible outcomes, and the assumptions used in the calcul...
65
annual_report
NatixisSA-AR_2018
3,182
3 RISK FACTORS, RISK MANAGEMENT AND PILLAR IIIRisk management 154 Natixis Registration Document 2018
14
annual_report
5614
762
To the Shareholders and the Board of Directors of Fidelity National Financial, Inc.
13
10K
4599
2,811
The following table presents the cash flows from operating activities for the year ended December 31, 2012 to reflect the impact of the accounting change related to reserves that was adopted on January 1, 2012:
35
10K
3996
940
Long-term debt outstanding was $15.0 million at December 31, 2009 and December 31, 2008.
14
10K
ASRNederlandNV-AR_2009
1,758
the table below provides an overview of the costs of other long-term personnel remuneration: costs allocated to the financial year 1 1 interest costs - net actuarial loss (gain) recognized immediately - -
33
annual_report
1318
452
The following financial statements of the Company and its independent certified public accountants' report are set forth on pages 36 through 61 of this report:
25
10K
2216
1,653
The following table represents a rollforward of asbestos reserve activity in 2002 related to the Western MacArthur matter.
18
10K
NatixisSA-AR_2008
3,661
In keeping with commitments made to the Credit Institutions and Investment Firms Commission (CECEI), Natixis now has an additional control system based on: the separation of risk and control functions within the Natixis ■
34
annual_report
1351
438
The decrease related to investments held by the Reinsurer is due primarily to a $8.5 million decrease in net investment income on a closed block of annuity business resulting from lower fund values. The associated interest credited on policyholder fund values decreased $6.2 million.
44
10K
de_allianz-AR_2004
2,069
A L L I A N Z G R O U P 121 N O
15
annual_report
AegonNV-AR_2012
1,882
As other insurers in the United States have recently done, Aegon
11
annual_report
INGGroepNV-AR_2012
4,599
The risk concentration per sector remains very similar to last year, with the largest change shown for Non-Bank Financial institutions which decreased by 3.3%. This category largely consists of special purpose vehicles that issue RMBS, ABS and CMBS securities. Net sales of these assets resulted in the reported reductio...
49
annual_report
HiscoxLtd-AR_2015
1,260
As at 1 July 2015 the Group has determined that it no longer meets the criteria for consolidation of the Kiskadee Funds and Kiskadee Special Purpose Insurers (‘SPI’) as defined in IFRS 10. The Group considered the following factors to determine whether it is acting as an agent or a principal: –the power the Group has o...
94
annual_report
4497
1,151
The increase in net loss was also impacted by decreased net realized investment results. In addition, 2010 includes favorable reserve development arising from a commutation of an assumed reinsurance agreement. These unfavorable impacts were partially offset by decreased expenses. In 2010, expenses were unfavorably impa...
48
10K
5801
824
The Company classifies all of its investments in debt securities as available-for-sale and reports them at fair value. Subsequent to its acquisition of debt securities available-for-sale, the Company records changes in value through the date of disposition as unrealized holding gains and losses, net of tax effects, and...
145
10K
fr_axa-AR_2008
783
consolidAtEd gross rEvEnUEs 2006 2006 (in Euro million) 2008 2007 Restated (b) Published
13
annual_report
StorebrandASA-AR_2002
1,478
Real estate Under N GAAP real estate is booked at market value with changes in market value recognised in the profit and loss account, and no depreciation is applied. Under US GAAP real estate is carried at historic cost and is depreciated over its expected useful life (subject to a maximum of 50 years). Impairment pro...
69
annual_report
NatixisSA-AR_2016
9,504
hours includes several types of contracts (part-time, short-time, special working conditions for employees with disabilities, etc.) and provides for the associated terms and conditions of compensation and social security contributions.
30
annual_report
5564
623
Since 1989, the pool participants have included an asbestos exclusion in liability policies issued for most lines of business. The exclusion prohibits liability coverage for “bodily injury”, “personal injury” or “property damage” (including any associated clean-up obligations) arising out of the installation, existence...
188
10K
INGGroepNV-AR_2006
2,526
Real estate Investment property Under IFRS-EU, investment property is measured at fair value, with changes in fair value recognised in the profi t and loss account. No depreciation is recorded. Under US GAAP, investment property is measured at cost less depreciation and impairment. Depreciation is charged to the profi ...
66
annual_report
GjensidigeForsikringASA-AR_2014
817
Property portfolio At the end of the period, the property portfolio amounted to NOK 6.5 billion (5.1). The property portfolio yielded a return of 9.9 per cent (5.7). The general required rate of return in connection with the valuation of the properties was reduced to 6.2 per cent (6.5). The individual valuations result...
104
annual_report
4014
1,407
The insurance company subsidiaries' ability to pay dividends depends, among other things, upon their financial condition, results of operations, cash requirements, and compliance with rating agency requirements, and is also subject to restrictions contained in the insurance laws and related regulations of their states ...
46
10K
3546
886
Our effective tax rate was 92.9% for the fiscal year ended June 30, 2007 as compared to 42.1% for the fiscal year ended June 30, 2006. The increase in the effective tax rate primarily resulted from lower pre-tax income combined with the effects of expensing stock options in accordance with Statement of Financial Accoun...
89
10K
TrygAS-AR_2005
1,368
As the liabilities of these portfolios appear in the triangulation, the ultimate liability for the preceding claims years is increased but, naturally, not as a result of a revision of already existing liabilities. The combined impact of the two acquisitions amounts to DKK 210m gross and DKK 200m net of reinsurance.
51
annual_report
HelvetiaHoldingAG-AR_2013
833
In the life business, our Spanish business unit was able to continue to grow against the market trend. While current estimates put the fall in premiums at an average of 3.9 % across the market, we achieved growth of 1.6 % in original currency (in CHF: +3.7 %) from CHF 125.6 million to CHF 130.2 million. On the product ...
85
annual_report
832
243
Premium revenues reported for term life insurance products are recognized as revenues when due. Benefits relating to these products are associated with earned premiums. They are reported as benefit expenses by means of the change in the liabilities for future policy benefits so as to recognize profits over the premium-...
54
10K
fr_axa-AR_2019
7,471
Contractual cash flows of financing debt by contractual maturity as of December 31 12 months or less
17
annual_report
nl_ing_grp-AR_2010
3,735
Management’s responsibility Management is responsible for the preparation and fair presentation of these annual accounts in accordance with International Financial Reporting Standards as adopted by the European Union and with Part 9 of Book 2 of the Dutch Civil Code, and for the preparation of the report of the Executi...
97
annual_report
AegonNV-AR_2005
2,415
On January 30, 2006, Fitch Ratings assigned AEGON N.V. AA- (double A minus) ratings to AEGON N.V.’s senior debt and A+ ratings to subordinated debt and perpetual securities, with a stable outlook. In addition, Fitch affirmed the AA+ (double A plus) insurance financial strength ratings of AEGON USA.
48
annual_report
2824
685
Total expenses decreased by $25 million, or less than 1%, to $11,261 million for the year ended December 31, 2004 from $11,286 million for the comparable 2003 period. Lower expenses are primarily the result of a $193 million decrease in the closed block policyholder benefits, commensurate with the net decrease in premi...
117
10K
AssicurazioniGeneraliSpA-AR_2018
1,867
The IBNR provision for claims that have incurred but not yet been reported at year-end is determined on the basis of the experience acquired during previous years with regards to the frequency and average cost of late claims reported and the average cost of claims reported during the year. Claims exceeding a given thre...
69
annual_report
gb_prudential-AR_2015
2,880
Except in the case of assets backing liabilities which are directly matched (such as linked business) or closely correlated with value movements (as discussed below) operating profit based on longer-term investment returns for shareholder-financed business is determined on the basis of expected longer-term investment r...
45
annual_report
1684
292
The Company defers certain costs incurred in acquiring new business and amortizes (expenses) these costs over the life of the related policies. The Company uses its own historical experience and expectation of the future performance of its business in determining the expected life of the policies. Approximately 94 perc...
164
10K
fr_axa-AR_2018
3,018
AXA Group actively manages counterparty risk generated by OTC derivatives through a specific Group-wide policy. This policy includes: ■ rules on derivative contracts (ISDA, CSA); ■ mandatory collateralization; ■ a list of authorized counterparties; ■ a limit framework and an exposure monitoring process.
43
annual_report
GjensidigeForsikringASA-AR_2011
2,438
The fixed salary is assessed and stipulated annually on the basis of wage growth in society in general and in the financial industry in particular. Variable pay (bonus) can be paid to executive personnel on the basis of concrete performance measurements in defined target areas and a discretionary assessment stipulated ...
170
annual_report
HannoverRueckSE-AR_2014
1,987
HR GLL Griffin House SPÓLKA Z OGRANICZONA ODPOWIEDZIALNÓSCIA, Warsaw / Poland 1 87.67 PLN 39,480 (3,221)
16
annual_report
4500
1,495
For the variable and universal life policies of our Individual Life segment, a significant portion of our gross profits is derived from mortality margins. As a result, our estimates of future gross profits are significantly influenced by our mortality assumptions. Our mortality assumptions represent our expected claims...
126
10K
BaloiseHoldingLtd-AR_2007
2,840
These are Credit Suisse, UBS, and the Zurich Cantonal Bank.Due to the risk management processes, an internal rating is performed for the mortgage assets in the Swiss insurance business. In line with the previous disclosure, granted mortgages can be pooled in two main rating categories.
45
annual_report
2938
6,226
We compete with numerous companies, many of whom have higher credit ratings and substantially greater financial, marketing and management resources. Our ability to compete against such companies was substantially impaired when our counterparty credit and financial strength ratings were recently downgraded by the major ...
110
10K
NatwestGroupPLC-AR_2015
8,449
The potential loss of intragroup exemptions and the application of additional prudential requirements could result in increased capital requirements and related compliance costs.
23
annual_report
5879
1,553
Reconciliation of the non-investment grade portfolio and investment grade portfolio components of our investment returns
15
10K
NatixisSA-AR_2015
843
Committee, Member of the Audit Committee and the Risk Committee of Bpifrance Financement (since 09.24.2015)
15
annual_report
4440
2,736
The Company entered into derivatives as part of its contingent capital facility, which was terminated during 2011 as discussed in Note 15, “Off-Balance Sheet Arrangements,” including put options, interest rate swaps, and asset return swaps. These derivatives are recorded at fair value with changes in fair value recogni...
50
10K
ch_zurich_insurance_group-AR_2013
423
Director Chairperson of the Risk Committee Member of the Audit Committee 2008 2014
13
annual_report
4015
564
Items excluded from organic revenue growth computations yet impacting revenue comparisons for 2009, 2008 and 2007 include the following (millions):
20
10K
DirectLineInsuranceGroupPLC-AR_2019
790
– Increased operating costs due to the potential increase in carbon costs and regulatory requirements are also likely to impact all participants in the industry. The Group monitors its own impact on the climate and has an established environmental management programme.
41
annual_report
gb_prudential-AR_2006
1,372
Jackson also sells several types of life insurance including term life, universal life, survivorship universal life, and variable universal life.
20
annual_report
3648
3,143
assumptions for single class and multi-class mortgage-backed and asset-backed securities are estimated by management using inputs obtained from third party specialists, including broker-dealers, and based on management’s knowledge of the current market. For credit-sensitive mortgage-backed and asset-backed securities a...
67
10K
574
432
Two other catastrophe reinsurance treaties provide coverage for aggregate losses caused by multiple catastrophic events. The combined retention under the first of these aggregate excess contracts was based on 2.5 percent of subject earned premiums, plus five percent of losses up to the $8,000,000 contract limits, with ...
91
10K
nl_ing_grp-AR_2015
3,499
Discontinued operations - average number of employees at full time equivalent basis 2,652 6,851 7,202 2,181 5,635 12,309 4,833 12,486 19,511
21
annual_report
4873
1,695
Activity in the reserve for losses and loss expenses for the years ended December 31, 2014, 2013 and 2012 is summarized as follows:
23
10K
HelvetiaHoldingAG-AR_2017
1,577
The Helvetia Group classifies financial liabilities according to their origin as financial liabilities from financing activities, financial liabilities from insurance business and other financial liabilities. Financial liabilities from insurance business are reported as a component of the insurance business in section ...
44
annual_report
5861
569
Eligible Commission Receivables for the immediately succeeding period of six months (excluding the immediately succeeding period of three months), in each case subject to reserves established by RBC, or the Borrowing Base. The proceeds of the loans under the Credit Agreement may be used for working capital and general ...
186
10K
3300
714
December 31, 2007. We do not believe it is appropriate to sum the illustrated amounts as it is not reasonably likely that each accident year’s reserve estimate assumptions will vary simultaneously in the same direction to the full extent of the sensitivity factor.
43
10K
PhoenixGroupHoldingsPLC-AR_2020
5,219
Pearl (Moor House 2) Limited (dormant company) Wythall2 Ordinary Shares 100.00%
11
annual_report
4440
2,227
Included within Corporate are Tier One and Upper Tier Two securities, representing committed term debt and hybrid instruments senior to the common and preferred equities of the financial institutions. These securities have a fair value of $757.8 million and an amortized cost of $883.0 million at December 31, 2010.
49
10K
4615
726
The estimated insured value of the Company’s in-force policyholder coverage for windstorm exposures as of December 31, 2012, was approximately $127.0 billion.
22
10K
1093
564
Summary of net changes in unrealized appreciation and depreciation of investment securities was as follows:
15
10K
fr_axa-AR_2009
4,630
In the normal course of business, AXA seeks to reduce losses that may arise from catastrophes or other events that cause unfavorable underwriting results through reinsurance. Under the reinsurance arrangements, other insurers assume a portion of the losses and related expenses; however, we remain liable as the direct i...
141
annual_report
5100
1,060
In January 2016, Ambac Assurance settled its RMBS-related disputes and litigation against JP Morgan Chase & Co. and certain of its affiliates (collectively "JP Morgan"). Pursuant to the settlement, JP Morgan paid Ambac Assurance $995,000 in cash in return for releases of all of Ambac Assurance's claims against JP Morga...
121
10K
gb_prudential-AR_2009
4,222
i Principal subsidiaries The principal subsidiary undertakings of the Company at 31 December 2009 were: Country of Main activity incorporation
20
annual_report
RaiffeisenBankInternationalAG-AR_2014
2,569
Fully consolidated Equity method Number of units 2014 2013 2014 2013
11
annual_report
1
1,034
All of the executive officers of AFC devote substantially all of their time to the affairs of AFC and its subsidiaries. All of the above are United States citizens.
29
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007
1,578
All other members of the Supervisory Board (Hartmann, Prof. Dr. Markl, Mayrhuber, Prof. Van Miert, Prof. Dr. v. Pierer, Dr. Sommer, Emmert, Dr. Janßen, Michl, Müller, Dr. Schimetschek, Võ) each received total remuneration of €81,000.00 (fixed remuneration of €45,000.00 and resultrelated remuneration of €36,000.00) 3.
45
annual_report
4375
1,604
Under this Reimbursement Contract, the FHCF will provide approximately $135.0 million of aggregate seasonal coverage for covered losses in excess of approximately $53.0 million, subject to a 10.0% Company participation. Federated National’s premium for the FHCF reinsurance coverage will be approximately $8.2 million pa...
69
10K