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RaiffeisenBankInternationalAG-AR_2015
23
Risk-weighted assets (total RWA) 63,272 (7.9) % 68,721 68,721 79,897 82,822 95,302
12
annual_report
StandardLifeAberdeenPLC-AR_2017
139
We strive for excellence in all we do for our clients and customers. Our commitment to teamwork allows us to draw on the shared expertise and complementary talents of our people. We aim to deliver the innovation and service to help us perform in today’s competitive and fast-changing investment and regulatory landscape.
52
annual_report
5034
2,608
Net favorable prior year development for the short-tailed lines totaled $173.8 million. Details of the significant components are as follows:
20
10K
NatixisSA-AR_2015
768
V Permanent Representative of CENFE, Member of the Board of Finovam (since 12.24.2014)
13
annual_report
5375
996
We invest a portion of our investment portfolio in mortgage loans, which are generally comprised of high quality commercial first lien and mezzanine real estate loans. Our mortgage loan holdings were $6.2 billion and $5.5 billion as of December 31, 2017 and 2016, respectively. This included $1.8 billion and $1.5 billio...
135
10K
NatwestGroupPLC-AR_2013
1,265
Consideration of matters relating to directors’ remuneration The role and responsibilities of the Committee The Committee is responsible for setting the policy on remuneration and overseeing its implementation. It reviews performance and makes recommendations to the Board in respect of variable incentive pools and the ...
63
annual_report
2987
8,430
As described in Note 2, the Company adopted the recognition and related disclosure provisions of SFAS No. 158 as of December 31, 2006. The incremental effect of this adoption on the individual line items in the December 31, 2006 Consolidated Statement of Financial Position is shown in the following table.
50
10K
AvivaPLC-AR_2009
2,098
Merger accounting and the merger reserve Prior to 1 January 2004, certain significant business combinations were accounted for using the “pooling of interests method” (or merger accounting), which treats the merged groups as if they had been combined throughout the current and comparative accounting periods. Merger acc...
112
annual_report
992
223
The Company has coordinated its operational compliance departments under the supervision of its corporate legal function. This structure ensures compliance with all legal and regulatory requirements in all jurisdictions in which the Company does business. All customer-related communications, product brochures and selli...
63
10K
5214
1,702
FNF Group Corporate and Other. This segment consists of the operations of the parent holding company, certain other unallocated corporate overhead expenses, and other real estate operations.
27
10K
StandardLifeAberdeenPLC-AR_2017
283
• We use technology to stay in touch including optimising our social media channels
14
annual_report
NatwestGroupPLC-AR_2008
2,276
RBS Group Annual Report and Accounts 2008184 18. Loan commitments Provision is made for loan commitments, other than those classified as held-for-trading, if it is probable that the facility will be drawn and the resulting loan will be recognised at a value less than the cash advanced. Syndicated loan commitments in ex...
75
annual_report
StorebrandASA-AR_2001
692
Arrangement of long term funding The direct costs involved in taking up long term funding are capitalised and are amortised to the next interest fixing date or maturity. Premiums/discounts on the issue of debt are recognised as income/expense by adjusting the interest expense of the bond issued over the period to matur...
97
annual_report
AegonNV-AR_2004
1,251
A synthetic GIC is generally characterized as an off balance sheet fee-based product sold primarily to tax-qualified institutional entities such as 401(k) plans and other retirement plans, as well as college savings plans. AEGON’s US insurance companies provide a synthetic GIC ‘wrapper’ around fixed-income invested ass...
124
annual_report
2417
1,450
Contractual provisions exist that could increase or accelerate those obligations presented, including various leases with early buyouts and/or escalation clauses. However, the impact of any such transactions would not be material to the Company’s financial position or results of operations.
40
10K
SwissLifeHoldingAG-AR_2005
2,188
(mandatory convertible debt and hybrid capital instruments ) and deferred Group-related funds (theoretical policyholder participation in surplus under consideration of additional DAC amortisation and deferred taxes).
26
annual_report
2894
1,106
CCC has been named as a defendant in an action brought by the bankruptcy estate of Global Crossing Limited (Global Crossing) in the United States Bankruptcy Court for the Southern District of New York. In the Complaint, served on CCC on May 24, 2005, plaintiff seeks unspecified monetary damages from CCC and the other d...
96
10K
AdmiralGroupPLC-AR_2019
1,545
There are a number of aspects which contribute to Admiral’s strong UK underwriting results, including: • Experienced and focused senior management and teams in key business areas including pricing and claims management; • Highly data-driven and analytical approach to regular monitoring of claims and underwriting perfor...
62
annual_report
nl_ing_grp-AR_2019
497
Analytics is organised globally into nine capability areas with CoEs in customer interactions, customer dialogue, risk and pricing, financial crime and regtech, intelligent operations, innovation and beyond banking, people and finance and wholesale banking.
34
annual_report
RaiffeisenBankInternationalAG-AR_2020
6,472
Since information on the size of structured entities is not always publicly available, the Group has determined that its exposure is an appropriate guide to the risk of loss from investments in non-consolidated structured entities.
35
annual_report
5037
1,214
Medical Cost Floors (Minimums), Medical Cost Corridors, and Administrative Cost Ceilings (Maximums): A portion of certain premiums received by our health plans may be returned if certain minimum amounts are not spent on defined medical care costs. In the aggregate, we recorded a liability under the terms of such contra...
90
10K
AegonNV-AR_2000
1,046
Although the loans have no stated maturity, AEGON has the right to call the loans for redemption at par for the first time on the coupon date in the years as specified above, and thereafter on the coupon date after every consecutive period of ten years, with the exception of the 67⁄8% bonds, which are callable every ye...
84
annual_report
ScorSE-AR_2015
2,304
Cash-flow hedge accounting is applied. The fair value of the swaps is obtained from the banking counterparty using market inputs. As part of the usual analysis of accounts processes these third party valuations are checked for reasonableness against internal models. The total relating notional amount is CHF 1,215 milli...
129
annual_report
3722
837
Cash and cash equivalents increased $1,503.8 million as we are holding cash to meet scheduled maturities and portfolio repositioning.
19
10K
4370
1,169
•Improving equity markets contributed to a $1.3 billion increase in the market valuation of AIG's holding of AIA ordinary shares.
20
10K
5555
1,466
Pursuant to the Reinsurance Agreements, Liberty ceded to the Company and PLAIC the insurance policies related to the Life Business on a 100% coinsurance basis. The aggregate ceding commission for the reinsurance of the Life Business was$422.4 million, which is the purchase price. Other than cash received as part of the...
83
10K
1326
234
Net income of $467.1 million in 1998, or $1.40 per diluted share, included: (i) net investment losses (net of related costs, amortization and taxes) of $32.8 million, or 10 cents per share; (ii) an extraordinary charge (net of taxes) of $42.6 million, or 13 cents per share, related to early retirement of debt; (iii) th...
104
10K
4879
1,455
As of December 31, 2014 and 2013, we had $618.0 million and $630.4 million, respectively, notional amount of receive fixed, pay fixed, open current and forward foreign currency interest rate swaps to hedge fixed income foreign currency-denominated securities and U.S. dollar-denominated debt issued by one of our U.K. su...
49
10K
2704
1,050
Ceded unpaid C&CAE decreased primarily as a result of the decrease in unpaid C & CAE with regard to commercial claims subject to the commercial quota share reinsurance agreement. This balance represents unpaid C & CAE which have been ceded to reinsurers under the Company’s various reinsurance agreements, other than the...
85
10K
AvivaPLC-AR_2013
2,194
(vi) Poland In 2013 the Group sold 16% of the total shares in its Polish life and general insurance joint ventures BZ-WBK Aviva Towarzystwo Ubezpiecze Ogólnych SA and BZ-WBK Aviva Towarzystwo Ubezpiecze na ycie SA, to its joint partner BZ-WBK. Aviva’s remaining interest in both entities is a 34% share. Due to the chang...
77
annual_report
3132
1,276
Aggregate scheduled maturities of the subordinated debentures at December 31, 2005 are (in 000’s):
14
10K
AegonNV-AR_2009
2,157
AEGON will render investment management services, the present value of future servicing rights is recognized as an intangible asset. Future servicing rights can also be recognized on the sale of a loan portfolio or the acquisition of insurance agency activities.
40
annual_report
AegonNV-AR_2007
1,979
A General Meeting of Shareholders is held at least once a year. Its main function is to decide matters such as the adoption of annual accounts, the approval of dividend payments and appointments to AEGON’s Executive and
37
annual_report
ASRNederlandNV-AR_2014
890
Level 2. Fair value based on observable market data Determining fair value on the basis of Level 2 involves the use of valuation techniques that use inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is derived...
139
annual_report
GjensidigeForsikringASA-AR_2018
1,151
Limits have been defined for the necessary access to liquid assets. They are taken into account in the strategic allocation of assets. The liquidity risk is considered to be very low. The Group is exposed to credit risk through investments in the bond and money market and through lending. The Board has defined limits f...
60
annual_report
PosteItalianeSpA-AR_2017
7,038
Vita, was notified that IVASS (the insurance regulator) was to begin an inspection pursuant to art. 189 of Legislative Decree 209/2005 (the Private Insurance Code - Codice
27
annual_report
2804
830
The weighted average assumptions used in calculating the net pension cost for 2005 were as indicated above (6.00% discount rate, 4.00% rate of compensation increase). Since the benefit plans of the Company are unfunded, an assumption for return on plan assets is not required.
44
10K
NatwestGroupPLC-AR_2016
3,475
Management actions to normalise the ownership structure and improve the long-term resilience of RBS also contributed to the reduction. These actions included the final
24
annual_report
4787
1,076
Separate account assets and liabilities primarily include investments in mutual fund, fixed maturity and short-term securities. Mutual funds are recorded at net asset value, which approximates fair value, on a daily basis. The fixed maturity and short-term investments are valued in the same manner, and using the same p...
62
10K
ch_zurich_insurance_group-AR_2013
234
External asset managers who are signatories to PRI (%) 58.3% 50.0% 8.3 pts Group assets managed by PRI signatories (%) 1 95.1% 92.2% 3.0 pts Total amount of impact investments (USD millions) 2 236 25 851% Total Group investments (USD millions) 207,280 209,582 (1%) 1 Including assets managed by Zurich.
50
annual_report
de_allianz-AR_2013
2,063
Operating impairments of investments (net) (11) (17) – – – – – – – – – – – – – – (11) (17)
23
annual_report
1217
333
Liabilities and Shareholders' Equity 1999 1998 - ------------------------------------ ---- ---- Liabilities: Policy liabilities and accruals (notes 6 and 7): $ 1,648,976 $ 1,727,300 Future policy benefits: Policyholders' account balances 50,377,101 52,520,300 Unearned revenue 5,323,954 6,023,399 Other policy claims and...
102
10K
5519
537
The calculations of segment data are described in more detail in Item 8, Note 14 of the Consolidated Financial Statements in this report. The following sections provide analysis and discussion of results of operations for each of the reporting segments as well as investment results.
45
10K
SwissReAG-AR_2004
2,138
Swiss Re’s goal is to provide the financial community with appropriate corporate disclosure, thereby allowing the most efficient pricing of its securities. The Group considers the capital market’s appreciation of its credibility and its diversified investor base as key assets.
40
annual_report
4269
1,090
Under the Company’s agreement with AARP, the Company separately manages the assets that support the Program. These assets are held at fair value in the Consolidated Balance Sheets as Assets Under Management. These assets are invested at the Company’s discretion, within investment guidelines approved by the Program and ...
169
10K
SwissLifeHoldingAG-AR_2006
1,135
Secondary segmentation is based on geographical areas, covering the following segments: Switzerland, France, Germany, the Netherlands, Belgium and other countries.
20
annual_report
de_allianz-AR_2019
290
Supervisory Board for the appointment of the member of the Board of
12
annual_report
fr_axa-AR_2000
3,935
Royale Belge (1998). Under French GAAP, gross goodwill totaled €1,007 million at December 31, 2000, of which €337 million was charged directly to retained earnings and reserves, as AXA issued and exchanged shares in connection with the transaction. The goodwill asset under French GAAP was €670 million as compared to th...
68
annual_report
5244
683
Shareholders' equity of $2,802.3 million and redeemable noncontrolling interest of $454.5 million
12
10K
SwissReAG-AR_2011
229
As of 31 December 2010 and 2011, investments in real estate included USD 6 million and USD 6 million, respectively, of real estate held for sale.
26
annual_report
HannoverRueckSE-AR_2011
706
With an estimated market loss of USD 35 billion, the Great
11
annual_report
TopdanmarkAS-AR_2015
275
Risk scenarios (DKKm) after taxation and pension return tax 2014 2015 Non-life insurance Underw riting risk Combined ratio − 1pp increase (69) (69)
23
annual_report
AegonNV-AR_2017
271
(claims processing, underwriting, customer service, pricing etc.). Recent restructuring at the Company's operations in the
15
annual_report
1618
322
In September 2000, the FASB issued SFAS No. 140, 'Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities - a replacement of SFAS No. 125.' SFAS No. 140 specifies the accounting and reporting requirements for securitizations and other transfers of financial assets and collateral, t...
117
10K
PhoenixGroupHoldingsPLC-AR_2020
1,829
The Group’s bi-annual survey highlighted an improved engagement score of 75% and the Forum focused on understanding the drivers behind this and some key focus areas for colleagues. These included options around continued home working; continuing communications around future business planning; and improving colleagues’ ...
124
annual_report
5362
1,774
Annually, the Company makes an assessment as to whether the value of the Company’s goodwill and intangible assets are impaired. Impairment, which can be either partial or full, is based on a fair value analysis by individual reporting unit. Based upon the Company’s assessment at the reporting unit level, there was no i...
63
10K
82
292
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of 20th Century Industries and subsidiaries at December 31, 1994 and 1993, and the consolidated results of their operations and their cash flows for each of the three yea...
96
10K
Sampoplc-AR_2012
1,460
The average maturity of fixed income investments that affects the size of credit risk and reinvestment risk was 2.3 years in If P&C
23
annual_report
fr_axa-AR_2007
2,901
RISK FACTORS, CERTAIN DISCLOSURES ABOUT MARKET RISKS AND RELATED MATTERSPART IV
11
annual_report
5380
1,260
The following table provides a reconciliation of the common shares used for basic net income per share to the diluted shares used for diluted net income per share:
28
10K
3712
1,232
Observable inputs which we utilize to determine the fair values of our investments and derivative financial instruments include indicative broker prices and prices obtained from external pricing services. At December 31, 2008, approximately 87.6 percent of our fixed maturity securities were valued based on active trade...
134
10K
NatixisSA-AR_2014
2,553
Floating F loating F loating F loating F loating Fixed F ixed F loating F ixed F ixed
18
annual_report
StandardLifeAberdeenPLC-AR_2014
565
Appointed Director in October 2011. Pierre is vice chairman of TDC, executive chairman of Volia, independent director of CIEL Investment Limited, a director of Cordial Consulting Limited and vice chairman of AgroGeneration. From 2000 to 2005, Pierre was chief executive officer of BT Retail and, subsequently, chief oper...
88
annual_report
5930
391
Book value per share represents total common shareholders’ equity available to Arch divided by the number of common shares and common share equivalents outstanding. Management uses growth in book value per share as a key measure of the value generated for our common shareholders each period and believes that book value...
130
10K
NatixisSA-AR_2010
1,202
In the tables below: ● the annotation “amounts due” corresponds to compensation and benefits granted to corporate officers within the context of their duties for the year, irrespective of the date of payment (for example variable compensation awarded for 2009 but paid in 2010 appears both in the column “amounts due” fo...
90
annual_report
AssicurazioniGeneraliSpA-AR_2014
3,271
The amount of financial instruments classified in Level 3 represents 2.1% of total financial assets and liabilities at fair value, substantially stable compared to 31 De-
26
annual_report
3876
4,926
Subprime securities include all bonds or portion of bonds where the underlying collateral is made up of home equity loans or first mortgage loans to borrowers whose credit scores at the time of origination were lower than the level recognized in the market at prime. The Company’s classification of subprime does not inc...
99
10K
StorebrandASA-AR_2016
824
Board. More detailed information on the compensation, loans and shareholdings may be found in notes 25 (Group) and 6 and 16 (ASA). Board members are encouraged to hold shares in the company.
32
annual_report
5214
1,072
An approximate $47 million increase (decrease) in our annualized provision for title claim losses would occur if our loss provision rate were 1% higher (lower), based on 2016 title premiums of $4,723 million. A 10% increase (decrease) in our reserve for title claim losses, as of December 31, 2016, would result in an in...
66
10K
5532
553
Our results of operations discussed throughout this MD&A are determined in accordance with GAAP. We also calculate operating gain, a non-GAAP measure, to further aid investors in understanding and analyzing our core operating results. We define operating revenue as premium income and administrative fees and other reven...
206
10K
gb_lloyds_banking_grp-AR_2003
1,144
At the annual general meeting in May 2004, the shareholders will be asked to approve a new performance share plan, to operate as an element of the annual incentive scheme. Under the plan, executive directors will be required to defer 50 per cent of any bonus payable for 2004 into shares in the company, known as bonus s...
77
annual_report
ScorSE-AR_2011
3,569
The objective of the capital management policy is sustained and ensured through regular updates of forecasts and an annual strategic and financial planning process. The Group’s Board and Executive Management team regularly review the Group’s risk profile to ensure that the Group’s risk appetite remains aligned with the...
70
annual_report
4955
1,109
We defer certain personnel costs and premium tax expense directly related to the successful acquisition of new insurance policies and amortize these costs over the period the related estimated gross profits are recognized in order to match costs and revenues. We do not defer any underwriting costs associated with our c...
60
10K
gb_prudential-AR_2012
2,373
The Group’s consolidated fi nancial statements are presented in pounds sterling, the Group’s presentation currency. Accordingly, the results and fi nancial position of foreign subsidiaries must be translated into the presentation currency of the Group from their functional currencies, ie the currency of the primary eco...
108
annual_report
StandardLifeAberdeenPLC-AR_2016
2,637
Loans with variable rates and fixed interest rates are £52m and £243m respectively (2015: £67m and £744m respectively). Loans that are expected to be recovered after more than 12 months are £88m (2015: £138m).
34
annual_report
de_allianz-AR_2011
1,274
the u.s. economy will probably stabilize in 2012 and record higher growth than in 2011. We forecast growth rates of between 2.0 % and 2.3 % this year and next (2011: 1.7 %). in the eurozone, economic activity is likely to rise only marginally in 2012. While fiscal austerity will act as a headwind, the global upswing, a...
144
annual_report
SwissReAG-AR_2010
1,029
While convergence and rationalisation of supervisory and prudential regimes are desirable goals, political pressure on governments and supervisors to implement these reforms quickly may lead to unforeseen distortions of the market and overly conservative regulatory requirements. These developments and uncertainty regar...
58
annual_report
3237
474
Results for all prior periods have been retrospectively adjusted to recognize the compensation cost previously reported in the pro forma footnote disclosures under the provisions of FAS 123.
28
10K
5404
2,623
Litigation also includes Patrico v. Voya Financial, Inc., et al (USDC SDNY, No. 1:16-cv-07070) (filed September 9, 2016), a putative class action in which plaintiff, a participant in a 401(k) Plan, seeks to represent a class of plans "for which Voya or its subsidiaries provide recordkeeping, investment management or in...
167
10K
Sampoplc-AR_2009
562
risk Management principles Risk is an essential and inherent element of Sampo Group´s business activities and operating environment. A high quality risk management process is a prerequisite for running the business. The core competence in Sampo Group’s businesses is the pricing of risks and the proper management of the...
52
annual_report
4807
1,710
The liability for losses and loss adjustment expenses includes an amount determined from reported claims and amount based on historical loss experience and industry statistics for losses incurred but not reported using a variety of actuarial methods. The Company’s loss reserves cover multiple lines of business, which i...
67
10K
PhoenixGroupHoldingsPLC-AR_2020
5,024
Under the Group’s accounting policy (see note G2), AVIF arising on acquired insurance contracts and investment contracts with DPF is measured as the difference between the fair value of contracted rights acquired and obligations assumed and the liability measured in accordance with the Group’s accounting policies for s...
62
annual_report
5283
560
CRB generated 32% of Willis Towers Watson revenues for the year ended December 31, 2016, and places more than $20 billion of premiums into the insurance markets, annually.
28
10K
2387
1,832
In 2004, the declines in our pretax investment yields in our portfolios reflected the low interest rate environment for new monies invested from our positive cash flows. In addition, rates on reinvestment on securities matured or called were lower than these investments had been earning, which resulted in lower yields ...
83
10K
1958
570
During 2002, the Company acquired whereiwork, a provider of online solutions for insurance enrollment, communications, administration, and analysis, at a price of $2.8 million. This acquisition is intended to strengthen and broaden the Company’s internet-based benefits services currently offered to brokers and employer...
43
10K
TrygAS-AR_2016
965
Standards as adopted by the EU and Danish disclosure requirements for listed financial companies.
14
annual_report
3904
436
Our largest aggregate loss on sales and write-downs are shown in the following table by issuer and its affiliates. No other issuer together with its affiliates had an aggregated loss on sales and write-downs greater than 1.2% of the total gross loss on sales and write-downs on fixed income and equity securities.
52
10K
NatixisSA-AR_2015
5,944
Available-for-sale fi nancial assets (excluding variable-income securities) 46,124 1 (47) 46,078 38,363
12
annual_report
PosteItalianeSpA-AR_2020
10,253
methodology for the harmonisation of the 262 Model to the Integrated Compliance process, also in relation to the synergies expected with the Tax Risk Model, as well as the roll out of the new organisational model.
36
annual_report
1417
446
The following table presents certain information regarding the Company's fixed maturity securities at December 31, 2000:
16
10K
3249
1,156
and overall positive net income in 2006 has helped to maintain the Company’s ratings as noted in “Item 1 Business -Ratings” section above.
23
10K
PhoenixGroupHoldingsPLC-AR_2018
2,468
Dividends paid to non-controlling interests – – – – – – – – – (2) (2)
16
annual_report
4257
3,471
· Severity trends have been relatively stable over the relevant historical period. The actuarial methods use would project losses assuming continued stability in severity trends. Management has considered future increases in loss severity trends in making its reserve selections.
39
10K
ch_zurich_insurance_group-AR_2004
1,335
A new accounting standard, discussed in note 3, resulted in restatement of 2003 consolidated financial statements. In addition, certain reclassifications have been made to prior year amounts and segment disclosures to conform to the current year presentation. These reclassifications have no effect on the previously rep...
48
annual_report
AegonNV-AR_2015
5,564
We provide the supervisory board with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
43
annual_report
NatixisSA-AR_2014
2,419
Additional Tier 1 instruments Additional Tier 1 instruments Additional Tier 1 instruments Additional Tier 1 instruments
16
annual_report
de_allianz-AR_2004
1,803
Investments in associated enterprises and joint ventures are generally accounted for using the equity method, such that the carrying value of the investment represents the Allianz Group’s proportionate share of the entities’ net assets. The Allianz Group accounts for all material investments in associates on a time lag...
54
annual_report
NatwestGroupPLC-AR_2019
970
External appointments: None 10 Mike Rogers Appointed: 26 January 2016 Experience: Mike was previously Chief Executive of Liverpool Victoria Group for 10 years. Mike has extensive experience in retail banking and financial services. He joined Barclays in 1986 where he undertook a variety of roles in the UK and overseas ...
71
annual_report
4181
1,645
We invest in a trading portfolio of fixed maturities securities, an available for sale portfolio of fixed maturities securities and a held to maturity portfolio of fixed maturities securities. We record the trading and available for sale portfolios at fair value on our balance sheet. For our trading portfolio, the unre...
104
10K
4710
1,203
(1) For purposes of this presentation, “Mid-Atlantic” includes Georgia, South Carolina, North Carolina, Virginia, West Virginia, Maryland, Delaware, Pennsylvania, New Jersey and the District of Columbia; “Northeast” includes New York, Connecticut, Rhode Island, Massachusetts, New Hampshire, Vermont and Maine; “Gulf” in...
81
10K