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3194
2,029
· a decrease in the number of large asbestos exposures reflecting additional settlement activity;
14
10K
DirectLineInsuranceGroupPLC-AR_2018
3,118
Auditors Deloitte LLP Hill House 1 Little New Street London EC4A 3TR
12
annual_report
TrygAS-AR_2020
327
Claims The gross claims ratio was 62.9 (67.1), with a claims ratio, net of ceded business of 66.2 (69.3). The lower claims level was helped by an improvement in the underlying clams ratio, a lower level of large and weather claims and a positive impact from COVID-19 due to lower claims frequencies for business lines su...
85
annual_report
de_allianz-AR_2010
4,274
AZb ST Institucional Plus II Renda Fixa FI, Sao Paulo 100.0 3
12
annual_report
BaloiseHoldingLtd-AR_2001
835
The adjusted capital and reserves are based on market value for investments and statutory value for liabilities from insurance operations. The sums of unrealized investment gains and losses, which can be subject to strong movements, represent the most significant capital and reserves component. Adjusted capital and res...
81
annual_report
fr_axa-AR_2009
12,353
Number of AXA shares and/or AXA ADR held on December 31, 2009: 14,863
13
annual_report
fr_axa-AR_2008
3,721
SLPH (AXA UK Holdings) (minority buyout) 1,388 – – – (279) – 1,109
13
annual_report
Sampoplc-AR_2011
306
Positions of Trust: Nordea Bank AB (publ), Board Member; Confederation of Finnish Industries EK, Vice Chairman of the Board; The Federation of Finnish Financial Services, Chairman of the Board; Varma Mutual Pension Insurance Company, Board Member; If P&C Insurance Holding Ltd (publ), Sweden, Chairman of the Board; Mand...
78
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2015
889
— Gross premiums written of €5.6bn up slightly on previous year — Higher combined ratio of 99.9% — Improved investment result of €118m — Consolidated result down to €88m
29
annual_report
5907
393
•During 2020, we offered leniency and flexibility on premium payments and other deadlines, in some cases pursuant to regulatory requirements for customers impacted by the COVID-19 outbreak, as discussed elsewhere in this report.
33
10K
AvivaPLC-AR_2017
1,553
for other services, including £2.2 million (2016: £8.1 million) for other assurance services, giving a total fee to PwC of £25.3 million (2016: Aviva plc Annual report and accounts 2017
30
annual_report
AvivaPLC-AR_2015
687
Overview We provide life and pensions products to around 1.1 million customers. We have strong bancassurance relationships, and operate a small growing retail business.
24
annual_report
5737
5,470
The Company’s principal executive office is temporarily located at 14231 Tandem Boulevard, Second Floor, Austin, Texas. In January 2019, the Company entered into a long-term lease agreement with an unrelated party for our new principal executive office. The building in which we have leased office space is under constru...
87
10K
4379
778
(1)Rating represents S&P rating, or if not rated by S&P, A.M. Best rating.
13
10K
gb_prudential-AR_2019
490
Over 2019, global equity markets rallied strongly. In the US markets the S&P 500 index increased by 29 per cent over 2019, but government bond yields were generally lower over the period, with the US 10 year government bond yield ending the year at 1.9 per cent (2018: 2.7 per cent).
51
annual_report
PhoenixGroupHoldingsPLC-AR_2012
410
Life company assets of £5.1 billion were transferred to Guardian under the terms of the Group’s annuity transfer transaction undertaken in the period. Guardian has selected Ignis Asset Management to manage £4.7 billion of these assets (£0.4 billion will be managed by Castle Hill Asset Management LLC), with the total am...
120
annual_report
5740
1,101
EBITDA. We define this metric as net income before interest, income taxes, and depreciation and amortization. We have included EBITDA in this report because it is a key measure used by our management and board of directors to understand and evaluate our core operating performance and trends, to prepare and approve our ...
148
10K
5565
717
See Note 18 of the notes to consolidated financial statements in Item 8 of Part II of this report for the dividends declared and paid by Global Indemnity’s U.S. insurance companies in 2018 and the maximum amount of distributions that U.S. insurance companies could pay as dividends in 2019.
49
10K
5617
625
One of the significant estimates related to AFS securities is our impairment evaluation. The assessment of whether an other-than-temporary impairment (“OTTI”) occurred is based on our case-by-case evaluation of the underlying reasons for the decline in estimated fair value on a security-by-security basis. Our review of...
142
10K
StorebrandASA-AR_2007
323
The Norwegian Cancer Society – our new principal partner Working with non-profit organisations has been a mainstay of Storebrand’s sponsorship strategy for many years. During 2007, we arranged many joint events with the Norwegian
34
annual_report
de_allianz-AR_2006
225
The RSUs are exercised on the first day after the expiration of a five-year blocking period, i.e. May 17, 2011, at the price of the Allianz SE share at that date. For further information on the RSU please see Note 48 of the consolidated financial statements.
46
annual_report
AvivaPLC-AR_2019
4,309
20 Gracechurch Unit Trust Unit Trust 100 Designer Retail Outlet Centres Unit Trust
13
annual_report
749
382
Health care services expense stated as a percentage of premiums earned (the "medical-loss ratio") was 80.1% for the year ended December 31, 1996 compared with 77.5% for the year ended December 31, 1995. The increase in the medical-loss ratio was attributable to a higher percent of membership in the Company's Medicare p...
64
10K
4806
877
Participants in the 2005 Plan may exercise their outstanding vested options, in whole or in part, by having the Company reduce the number of shares otherwise issuable by a number of shares having a fair market value equal to the exercise price of the option being exercised (“Net Exercise”). The Company received cash pr...
125
10K
PhoenixGroupHoldingsPLC-AR_2018
2,922
In order to benefit from the matching adjustment, the equity release mortgage loans are securitised into tranches of fixed rate and junior loan notes via special purpose vehicles in the Group.
31
annual_report
PowszechnyZakladUbezpieczenSA-AR_2019
521
In individual protection insurance products, PZU Życie implemented the following new life insurance products offered in PZU Branches and the Agency Network: • PZU Wsparcie Najbliższych (Support for Relatives) life insurance. 5 riders were rolled out together with the basic agreement: ◦ tumors and other critical illness...
101
annual_report
5349
1,956
Cash includes all demand deposits reduced by the amount of outstanding checks and drafts. As a result of the Company's cash management system, checks issued from a particular bank but not yet presented for payment may create negative book cash balances with the bank at certain reporting dates. Such negative balances ar...
111
10K
2149
579
tion. The SPA provides for independent actuarial determination should the Seller and the Company disagree on the final amounts due thereunder. The Company may recognize an impairment if the amount determined to be due to the Company is less than the carrying value of the SPA recovery balance deemed due from the Seller ...
70
10K
HannoverRueckSE-AR_2013
743
Aviation The gross premium volume contracted in the year under review from EUR 405.2 million to EUR 384.5 million. The major loss experience was once again unremarkable. Against this backdrop the net loss ratio decreased to 50.9% (69.6%). The underwriting result came in at a very good EUR 66.1 million (EUR 27.5 million...
84
annual_report
DirectLineInsuranceGroupPLC-AR_2018
659
The Group has no appetite for material risks resulting in reputational damage, regulatory or legal censure, poor customer outcomes, fines or prosecutions, and other types of non-budgeted operational risk losses associated with Group conduct and activities. The Group will maintain a robust and proportionate internal con...
47
annual_report
1881
608
PREMIUMS AND CONTRACT CHARGES, included in financial results, represent GAAP premiums generated from traditional life and other insurance products, and immediate annuities with life contingencies which have significant mortality or morbidity risk. Contract charges are generated from interest-sensitive life products, va...
82
10K
GjensidigeForsikringASA-AR_2016
1,760
The bank's risk areas are evaluated continuously, and the strategy for the risk areas is reviewed annually by the Board. As a part of the ICAAP-process the bank uses different models to calculate capital requirements. The capital requirements are calculated for the risk areas for the entire strategy period in the curre...
82
annual_report
SwissLifeHoldingAG-AR_2015
701
In Switzerland customer service training courses were offered by leading providers from other sectors (aviation, hospitality) to allow employees to learn and adopt new and best-practice service approaches. The success of this measure is shown by increased customer satisfaction with the Corporate Clients Service Center,...
56
annual_report
3195
1,104
Compensation cost for all share-based payments granted subsequent to January 1, 2006, based on the grant-date fair-value estimated in accordance with the provisions of SFAS No. 123R. Results for prior periods have not been restated, as not required to by the pronouncement.
42
10K
4424
2,007
Potential adverse effects if Radian Guaranty's regulatory risk-based capital position fails to comply with applicable state statutory or regulatory risk-based capital requirements, including if waivers or similar relief from the states that impose such statutory or regulatory risk-based capital requirements are not obt...
145
10K
AvivaPLC-AR_2011
153
…and a good contribution from general insurance We have successfully grown our general insurance business and delivered high quality earnings as a result of actions we’ve taken in pricing, underwriting and costs. General insurance and health profits increased by 3% to £935 million. The Group delivered a strong underwri...
200
annual_report
1107
506
The insurance subsidiaries' principal sources of cash are premiums and investment income. The insurance subsidiaries' primary uses of cash are policy claims, commissions, operating expenses, income taxes and payments to the
31
10K
PosteItalianeSpA-AR_2020
8,237
Financial instruments at fair value through profit or loss - (71) - (71) -
14
annual_report
5070
707
On August 31, 2009, two of the Company’s subsidiaries, Trinity Life Insurance Company (“Old TLIC”) and FLAC, were merged, with FLAC being the surviving company. Immediately following the merger, FLAC changed its name to TLIC.
35
10K
AdmiralGroupPLC-AR_2018
66
Admiral’s incentive schemes remain distinctive, as our people are shareholders in our business. These are designed to ensure that decisions are made by management to support long-term value growth, that the right behaviours are rewarded and that our people’s interests are aligned with those of shareholders. Our core be...
77
annual_report
StandardLifeAberdeenPLC-AR_2019
2,039
Remuneration policy for non-executive Directors No changes are being proposed to the remuneration policy for the Chairman and non-executive Directors. The policy remains as follows: Area Policy
27
annual_report
PhoenixGroupHoldingsPLC-AR_2019
2,486
Tier 1 Notes D3 494 494 Non-controlling interests D4 314 294 Total equity 5,593 5,949
15
annual_report
AvivaPLC-AR_2015
1,896
We have provided an indication of performance against the performance measures for 2015 in table 2. As set out in this table, the bonuses reflect a year of strong financial performance for the Group, with performance against all financial measures (with the exception of cash remittances) exceeding target.
48
annual_report
125
257
For a transfer to actively managed from held to maturity - we recognize the unrealized gain or loss immediately in shareholders' equity.
22
10K
376
305
ii. 1995 ACCOUNTING STANDARD: In October 1995, the FASB issued SFAS No. 123, "Accounting for Stock-Based Compensation." This statement establishes new financial accounting and reporting standards for stock-based employee compensation plans, including stock option and stock purchase plans. Compensation resulting from th...
165
10K
4214
1,240
We defer as assets certain costs, including commissions, distribution costs and other underwriting costs, that vary with, and are primarily related to, the production of new and renewal business. We limit our
32
10K
137
462
At the federal level, several competing proposals have been introduced in Congress. One bill receiving serious current consideration is the Health Insurance Reform Act of 1995 (S. 1028), which was introduced by Senators Nancy Kassebaum and Edward Kennedy (the "Kassebaum-Kennedy bill"). The bill is scheduled to be debat...
157
10K
AegonNV-AR_2013
5,511
In response to the NAIC regulations, Aegon has implemented reinsurance and capital management actions to mitigate their impact.
18
annual_report
NNGroupNV-AR_2018
4
Driving forces in our external environment .......... 11 Addressing material topics .............................................. 13 Accepting and managing risks appropriately ... 16 3 Our performance
23
annual_report
fr_axa-AR_2008
6,895
In arriving at these conclusions, Towers Perrin relied on data and information provided by AXA. This opinion is made solely to AXA in accordance with the terms of Towers Perrin’s engagement letter. To the fullest extent permitted by applicable law, Towers Perrin does not accept or assume any responsibility, duty of car...
81
annual_report
5069
545
On June 30, 2015, the Company completed the sale of its PFG subsidiary for proceeds to the Company of $142.8 million at closing and future payments over the next two years totaling approximately $7.3 million. The sale resulted in a pre-tax gain of approximately $27.2 million and an after tax gain of $15.6 million in 20...
88
10K
ch_zurich_insurance_group-AR_2012
398
Chief Executive Officer General Insurance 7 Axel P. Lehmann Chief Risk Officer, Regional Chairman of Europe 8 Cecilia Reyes Chief Investment Officer 9 Geoff Riddell Regional Chairman of Asia-Pacific & Middle East 10 Kristof Terryn Group Head of Operations 11 Pierre Wauthier Chief Financial Officer 1 Assumed role of Chi...
111
annual_report
2741
5,485
During 2004 and 2003, the Company’s net adverse development of its gross reserves greatly exceeded its net reserve adverse development due principally to an increase in prior year reserves related to Winterthur International. The Company had protection with respect to any adverse loss or premium development related to ...
73
10K
5486
1,499
The policyholder refunds for the multi-peril package product were issued in the third quarter of 2017. The policyholder refunds for workers’ compensation policies are expected to be refunded in 2018. The estimated refund liability, including interest, for the workers’ compensation policies as of December 31, 2017 was $...
72
10K
5374
861
(1)On November 30, 2017, CF Corporation acquired Fidelity & Guaranty Life and changed its name to FGL Holdings.
18
10K
gb_lloyds_banking_grp-AR_2016
367
Businesses who want to trade internationally can use our new International Trade Portal to access a wealth of practical information and advice. We also make it easy for them by linking with 100 partner banks outside the UK and we have launched a marketing campaign promoting the benefits of doing business internationall...
52
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2005
563
Health dkv Belgium s.a., Brüssel dkv Seguros y Reaseguros s.a., Saragossa picc Health Insurance Company Limited, Beijing (associate)
18
annual_report
SwissLifeHoldingAG-AR_2017
663
Our values –What we stand for Support individuality – the way we think
13
annual_report
4434
1,082
We report the results of operations of a business as discontinued operations when the component is sold or expected to be sold, the operations and cash flows of the business have been or will be eliminated from the ongoing operations as a result of the disposal transaction, and we will not have any significant continui...
150
10K
StandardLifeAberdeenPLC-AR_2014
2,223
Profit before tax expense attributable to equity holders’ profits 188 163
11
annual_report
LloydsBankingGroupPLC-AR_2009
4,916
Debt securities accounted for as loans and receivables comprise: £m £m
11
annual_report
1699
491
After rapid growth in 1999 in our medical portfolio, we recognized in the second quarter of 2000 that much of this business was not profitable. We centralized underwriting, ceased writing North American medical business from our London office, strengthened our terms of trade, increased rates and became more selective o...
66
10K
gb_prudential-AR_2016
5,879
Note The net value of in-force business comprises the value of future margins from current in-force business less the cost of holding required capital as shown below: Asia operations
29
annual_report
AdmiralGroupPLC-AR_2015
956
Vehicles insured at period end 164,400 285,100 34,200 108,900 592,600 *¹ Turnover includes total premium written and income generated by the sale of additional products and services and fees.
29
annual_report
5739
9,782
Investments valued using Level 1 inputs include fixed maturity investments, primarily investments in U.S. Treasuries and short-term investments, which include U.S. Treasury Bills, and common equity securities. For investments in active markets, White Mountains uses the quoted market prices provided by outside pricing s...
48
10K
5647
1,586
Revolving Credit Facility and Term Loan. On November 2, 2018, each of Argo Group, Argo Group U.S., Inc., Argo International Holdings Limited, and Argo Underwriting Agency Limited (the “Borrowers”) entered into a anew $325 million credit agreement (the "New Credit Agreement") with JPMorgan Chase Bank, N.A., as administr...
228
10K
1878
1,326
At, December 31, 2002, the fixed maturity securities had a total gross unrealized loss of $1,185.0 million, excluding basis adjustments related to hedging relationships. Of this total, $870.1 million is due to securities that have had various amounts of unrealized loss for more than nine months. Of this, $271.7 million...
99
10K
de_allianz-AR_2011
704
uncertainties linked to the financial crisis will continue to heavily influence the evolution of the Spain and portugal economies, as well as their respective insurance markets. unemployment remains at very high levels, particularly in Spain. yet, we remain confident that our efficient operating platform and strong dis...
58
annual_report
AvivaPLC-AR_2006
1,114
Authority to purchase own shares At the Company’s Annual General Meeting held on 10 May 2006, shareholders renewed the Company’s authority to make market purchases of up to 239 million ordinary shares, up to 100 million 83⁄4% preference shares and up to 100 million 83⁄8% preference shares. This authority was not used d...
90
annual_report
3161
751
PMI’s primary mortgage insurance master policies define “default” as the borrower’s failure to pay when due an amount equal to the scheduled monthly mortgage payment under the terms of the mortgage. Generally, the master policies require an insured to notify PMI of a default no later than the last business day of the m...
122
10K
fr_axa-AR_2001
4,319
(the “BNP Agreement”) which provides for maintaining a certain level of cross-shareholding between the parties and facilitating the potential disposition of BNP Paribas’ investment in FINAXA. Specifically, the BNP
29
annual_report
NatixisSA-AR_2006
6,594
Natixis and Natexis Bleichroeder have signed a framework agreement formalizing the implementation of counter-guarantee demands from Natexis Bleichroeder, notably in respect of the global security and investment agreement relating to the Offer.
32
annual_report
RSAInsuranceGroupPLC-AR_2013
2,124
Structural currency risk is managed at a Group level through currency forward and foreign exchange option contracts within the limits that have been set. In managing structural currency risk, the needs of the Group’s subsidiaries to maintain net assets in local currencies to satisfy local regulatory solvency and intern...
86
annual_report
4780
1,440
RGA has issued guarantees to third parties on behalf of its subsidiaries for the payment of amounts due under certain reinsurance treaties, securities borrowing arrangements, financing arrangements and office lease obligations, whereby if a subsidiary fails to meet an obligation, RGA or one of its other subsidiaries wi...
282
10K
3379
1,093
The Company’s net income (loss) and other financial measures as shown above for the three years ended December 31 have been affected by among other things, the following significant items:
30
10K
5085
1,672
General and administrative expenses. General and administrative expenses decreased by $4.7 million, or 6.0%, for the year ended December 31, 2015 compared to the year ended December 31, 2014. The decrease was primarily due to lower performance-based compensation related costs. The general and administrative expense rat...
60
10K
1521
264
The results of operations of the Company for 1997 are affected by the acquisition and subsequent merger with JANY effective March 31, 1997.
23
10K
5677
1,036
In the normal course of business, the Company provides standard indemnifications to contractual counterparties in connection with numerous transactions, including acquisitions and divestitures. The types of indemnifications typically provided include indemnifications for breaches of representations and warranties, taxe...
139
10K
2743
1,040
AMERISAFE, Inc. (“Amerisafe”), is an insurance holding company incorporated in the state of Texas. Based on voting shares, Amerisafe is 40.7% owned by Welsh, Carson, Anderson and Stowe VII L.P. and its affiliate WCAS Healthcare Partners, L.P. (“Welsh Carson”). The accompanying consolidated financial statements include ...
195
10K
5319
1,316
Our mortgage insurance provision for losses for 2016 increased by $5.8 million as compared to 2015. Reserves established for new default notices were the primary driver of our total incurred losses for 2016 and 2015. Current year primary defaults decreased by 4.9% for 2016, compared to 2015. In addition, our gross Defa...
113
10K
StorebrandASA-AR_2013
1,030
CRO function is responsible for supporting the Board and group management team with respect to the establishment of a risk strategy and operationalisation of the setting of limits and risk monitoring across the Group's business areas. In addition, this function is responsible for managing the value-based management sys...
62
annual_report
4595
970
The pricing environment for new business generally has less of an impact on underwriting profitability than renewal rate changes, given the volume of new business relative to renewal business. Property and casualty insurance market conditions are expected to remain competitive during 2013 for new business, not only in ...
133
10K
fr_axa-AR_2019
8,561
United States) that bear little or no relation to actual economic damages incurred by plaintiffs or the underlying regulatory violations, Management cannot make an estimate of loss, if any, or predict whether these matters, individually or in the aggregate, will have a material adverse eff ect on the Group’s consolidat...
57
annual_report
3195
813
We have audited the accompanying balance sheets of 21st Century Holding Company as of December 31, 2006 and 2005, and the related statements of income, stockholders equity and comprehensive income, and cash flows for each of the years in the three-year period ended December 31, 2006. These financial statements are the ...
71
10K
4649
743
National Interstate Corporation (the “Company”) and its subsidiaries operate as an insurance holding company group that underwrites and sells traditional and alternative risk transfer property and casualty insurance products primarily to the passenger transportation, trucking and moving and storage industries, general ...
65
10K
SwissReAG-AR_2011
221
States of the United States and political subdivisions of the states 117 5 11 2 128 7
17
annual_report
4922
1,669
We capitalize acquisition costs for traditional long-duration contracts. We charge these capitalized costs associated with successfully acquiring traditional long-duration contract insurance policies over the premium-paying period of the policies. We use the same assumptions used in establishing the liability for the c...
85
10K
3387
2,924
The pension and postretirement expected long-term rates of return on plan assets for 2007 were determined based upon an approach that considered an expectation of the allocation of plan assets during the measurement period of 2007. Expected returns are estimated by asset class as noted in the discussion of investment p...
104
10K
1787
430
THE WELLCARE MANAGEMENT GROUP, INC. AND SUBSIDIARIES Schedule I Condensed Financial Information of Registrant Condensed Balance Sheets ($ In Thousands)
20
10K
5331
1,274
The Company currently classifies substantially all of its fixed maturity investments, equity securities and short-term investments as “available for sale” and, accordingly, they are carried at estimated fair value (also known as fair value) with the changes in fair value recorded as an unrealized gain or loss component...
128
10K
171
482
Impairment and restructuring charges in 1993 totaling $80.7 million resulted primarily from impairment charges to reduce the carrying value of certain identifiable intangible assets and goodwill related to the Company's health insurance systems business of $54.9 million and restructuring charges of $25.2 million associ...
170
10K
3445
1,925
The $1.84 billion decline in reinsurance recoverables in 2007 primarily reflected significant collections on reinsurance recoverables, including those related to prior year hurricane losses, operations in runoff (primarily Gulf) and various commutation agreements. The $1.75 billion decline in reinsurance recoverables i...
61
10K
de_allianz-AR_2004
2,174
A L L I A N Z G R O U P 131
13
annual_report
1623
1,284
The Company's critical accounting policies relate to revenue recognition, valuation of intangible assets, impairment of investments and the fair value of financial instruments.
23
10K
4898
1,198
The above tables include $3.7, $6.4 and $14.7 of write-downs related to credit impairments for the years ended December 31, 2014, 2013 and 2012, respectively, in Other-than-temporary impairments, which are recognized in the Statements of Operations. The remaining $2.0, $3.9 and $3.8, for the years ended December 31, 20...
58
10K
BeazleyPLC-AR_2018
1,378
Annual bonus and LTIP awards may be subject to clawback in the event of: • material misstatement of results; • gross misconduct; • factual error in calculating vesting or award; • any reputational damage or; • a material corporate failure in any group member or a relevant business unit.
49
annual_report
3830
1,177
During the second and third quarters of 2006, the Company identified and recorded certain adjustments associated with its accounting for investments. The adjustments related principally to four areas: (i) equity method accounting - the Company did not properly reflect adjustments to realized investment gains and losses...
238
10K
HannoverRueckSE-AR_2018
3,121
The Executive Board is further authorised, with the consent of the Supervisory Board, to acquire treasury shares – including through the use of derivatives – up to an amount of 10% of the share capital. The authorisation has a time limit of 5 May 2020.
45
annual_report
874
206
Employee compensation and benefits for 1998 increased 23.3% compared to 1997. The net increase results principally from higher salaries and related costs associated with the growth in professional services staffing being somewhat offset by the transfer of certain employee costs to computer and communication expenses as...
95
10K
2396
1,636
The Company used the remaining proceeds from the issuance and sale of the series A preferred stock of approximately $24 million, excluding expenses related to the closing of the New Mountain Transaction, for the Inteq Acquisition (See Item 1, “Description of Business-Recent Acquisitions”, and Note 3 to the Consolidated...
59
10K