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4370
1,824
(b) Represents the full amount of second-lien loans insured reduced for contractual aggregate loss limits on certain pools of loans, usually 10 percent of the full amount of loans insured in each pool. Certain second-lien pools have reinstatement provisions, which will expire as the loan balances are repaid.
48
10K
2114
214
(1) The Membership benefits ratio, the commissions ratio and the general and administrative expense ratio represent those costs as a percentage of Membership fees. The product cost ratio represents product costs as a percentage of product sales for those years in which the Company sold products. These ratios do not mea...
64
10K
AegonNV-AR_2018
2,775
 Underlying earnings before tax from Digital Solutions improved from a loss of EUR 8 million in 2017 to a profit of
22
annual_report
4284
681
During 2010, 2009 and 2008, as permitted by regulations of the Internal Revenue Service, we made cash contributions of $13.0 million, $15.0 million and $12.0 million, respectively, to our defined benefit pension plan on behalf of our employees. The actuarially determined contribution to our defined benefit pension plan...
192
10K
Sampoplc-AR_2008
807
More than half of Mandatum Life’s mortality risk premium comes from the Employees’ Group Life Insurance pool. However, the mortality risk of this business is smaller than any other mortality business because it is re-priced annually.
36
annual_report
NatwestGroupPLC-AR_2016
5,706
We are required to report to you if, in our opinion, financial and non-financial information in the Annual Report and Accounts is: • materially inconsistent with the information in the audited financial statements; or
34
annual_report
5321
4,137
Estimated fair values for impaired mortgage loans are based on independent broker quotations or valuation models using unobservable inputs or, if the loans are in foreclosure or are otherwise determined to be collateral dependent, are based on the estimated fair value of the underlying collateral or the present value o...
55
10K
5030
974
Benefit cost for the U.S. defined benefit pension plans does not include service cost since the plan is frozen.
19
10K
de_allianz-AR_2018
4,374
Allianz ZB d.o.o. Company for the Management of Obligatory Pension Funds, Zagreb 51.0
13
annual_report
SwissReAG-AR_2018
275
A model based on over 400 000 extreme weather scenarios In the US, insurance provided through the National Flood Insurance Program (NFIP) covers only around 15 percent of homeowners, leaving a huge protection gap with a financially vulnerable population when extreme weather strikes. Historically, insurers have struggle...
70
annual_report
NatixisSA-AR_2020
9,070
any group of assets showing objective evidence of impairment. Assets belonging to that group, which are subsequently specifically identified as impaired (specific risk), are removed from the collective write-down calculation base.
31
annual_report
NatixisSA-AR_2004
1,303
Commitments received from financial institutions 3,744 1,643 897 Commitments received from customers 869 542 150
15
annual_report
NatwestGroupPLC-AR_2019
469
Developing Skills and Capabilities Culturally, becoming a learning organisation is a strategic priority. We need to prepare colleagues for the future and we continue to focus broader development on our Critical People Capabilities. We are committed to developing colleagues in key critical capability areas we have ident...
97
annual_report
AdmiralGroupPLC-AR_2014
1,266
Approach to remuneration relating to new appointments External appointments In the case of appointing a new Executive Director, the Committee may make use of any of the existing components of remuneration, as follows: Component Approach Maximum annual grant value
39
annual_report
SwissLifeHoldingAG-AR_2019
2,040
Monitoring Swiss Life monitors the risks through exposure limits on a regular basis.
13
annual_report
4130
1,044
On March 22, 2006, the Company entered into an agreement (the “Letter Agreement”) to amend the Option Certificate granted under a Securities Purchase Agreement, dated January 31, 2003, by and between the Company and Conning Capital Partners VI, L.P. (“CCPVI”). The Amended and Restated Option Certificate dated as of Mar...
101
10K
SwissReAG-AR_2020
244
Risk partnerships Through strong partnerships, we create platforms to process, transfer and distribute risks. This includes access to capital markets, business- to-business-to-consumer (B2B2C) products and new ecosystems.
27
annual_report
3990
1,563
During 2008, the Company recorded additional other benefits expenses of $412 million ($267 million after-tax) primarily to strengthen GMDB reserves following an analysis of experience and reserve assumptions. These amounts were due to:
33
10K
AegonNV-AR_2012
5,384
Report on the consolidated financial statements We have audited the accompanying consolidated financial statements 2012 of Aegon N.V., The Hague (as set out on pages 132 to 286), which comprise the consolidated statement of financial position as at December 31, 2012, the consolidated income statement and statements of ...
75
annual_report
4289
962
We have limited historical experience in our excess insurance policy business and therefore we perform a ground-up analysis of loss emergence patterns of the insured. The expected ultimate impact of these excess policies is based upon actual experience of the insureds’ and industry excess of loss factors which vary by ...
120
10K
2251
1,115
Cash flow requirements are also supported by a committed line of credit of $1.0 billion, through a syndication of banks including Fleet National Bank, JPMorgan Chase, Citicorp USA, Inc., The Bank of New York, The Bank of Nova Scotia, Fleet Securities, Inc. and JPMorgan Securities, Inc., and an effective shelf registrat...
279
10K
271
416
The Company derives a significant amount of its revenues from insurance premiums and investment income. In the event that, for whatever reason, the Company experiences abnormally high losses, purchases reinsurance from reinsurers who will not or cannot pay losses submitted, or other adverse developments occur, then any...
113
10K
4067
995
The fair values for certain collateralized mortgage obligations (“CMO-Bs”) are determined by taking the average of broker quotes when more than one broker quote is provided. Approximately three broker quotes are currently being provided for these securities. A few of the CMO-Bs are priced by the originating broker due ...
86
10K
3075
1,224
In August 2006, we issued 2,104 shares of our common stock upon the exercise of options.
16
10K
fr_axa-AR_2011
6,920
Loans designated as at fair value throught profi t or loss (a ) 83 463 142 688
17
annual_report
StorebrandASA-AR_2012
2,016
CALCULATION OF FAIR vALUE FOR REAL ESTATE Investment properties are valued at fair value. Fair value is the amount an asset could be sold for in a transaction at arm's length between well informed, voluntary parties. Investment properties consists mainly of office buildings and shopping centres.
46
annual_report
3737
743
We have set forth below a summary of our principal office space (locations greater than 100,000 square feet).
18
10K
1388
529
Pearl Meyer is a New York City based consulting firm specializing in executive compensation and retention programs. The Pearl Meyer organization became our fourth operating division. Prior to the acquisition, there was no material relationship between CBH and Pearl Meyer.
40
10K
5605
9,335
White Mountains’s board of directors has authorized the Company to repurchase its common shares from time to time, subject to market conditions. The repurchase authorizations do not have a stated expiration date. As of December 31, 2018, White Mountains may repurchase an additional 635,705 shares under these board auth...
132
10K
1602
416
STOCK REPURCHASE PLANS - ---------------------- On June 29, 1999 and September 11, 1999, the Company's Board of Directors (the "Board") approved stock repurchase plans pursuant to which the Company was authorized to repurchase, at management's discretion, up to 1,000,000 of its shares on the open market. On September 1...
128
10K
HelvetiaHoldingAG-AR_2016
2,708
The new business margin for 2016 improved considerably year-on-year at 1.3 % (financial year 2015: 0.9 %). This reflected the success of various measures – such as the focused sales of modern insurance products and the revision of traditional products – that Helvetia implemented in the course of the year in order to im...
109
annual_report
4714
906
Aflac defines operating earnings (a non-GAAP financial measure) as the profits derived from operations. Operating earnings includes interest cash flows associated with notes payable but excludes items that cannot be predicted or that are outside of management's control, such as realized investment gains and losses (sec...
205
10K
2367
1,362
In December 2004, the Financial Accounting Standards Board (“FASB”) issued FASB Statement No. 123R (“SFAS 123R”) “Share-Based Payment”. SFAS 123R replaces SFAS 123, “Accounting for Stock-Based Compensation,” and supersedes APB Opinion 25, “Accounting for Stock Issued to Employees.” SFAS 123R requires that the cost of s...
180
10K
LloydsBankingGroupPLC-AR_2017
1,527
Members of the Board regularly meet with various organisations and institutions, including the Bank of England, the FCA, the PRA, CBI and accounting bodies.
24
annual_report
5861
700
We re-compute LTVs for all outstanding cohorts on a quarterly basis. We continually review and monitor changes in the data used to estimate LTV and compare the cash received for each cohort to our original estimates at the time of approval. The fluctuations of cash received for each cohort as compared to our estimates ...
203
10K
de_allianz-AR_2006
709
The following table sets forth the composition of AGI’s net fee and commission income for the years ended € mn € mn € mn
24
annual_report
3310
1,086
General Reinsurance has filed a motion with the Judicial Panel on Multi-District Litigation to transfer the three Tennessee state court actions now pending in the Middle District of Tennessee to the U.S. District Court for the Western District of Tennessee.
40
10K
NatixisSA-AR_2020
7,297
Available-for-sale financial assets 51,939 42,774 6,239 2,925 51,391 43,317 5,279 2,795
11
annual_report
LloydsBankingGroupPLC-AR_2013
5,886
Restatement (notes 1 and 56) 139 exchange and other adjustments 7 (14)
12
annual_report
3251
1,062
The Company has also entered into three interest rate swap agreements. Two of these agreements have not been identified as hedging transactions. For these agreements, the change in the fair value is included in Change in Fair Value of Derivative Instruments in the consolidated statements of income. For the agreement th...
154
10K
CNPAssurancesSA-AR_2000
1,151
– Elanciel France (Sicav investment fund): Chairman of the Board of Directors
12
annual_report
3947
1,507
The Cincinnati Specialty Underwriters Insurance Company, which began issuing insurance policies in 2008, has separate property and casualty reinsurance treaties for 2010 through Swiss Reinsurance America Corporation. Primary components of the treaties include:
33
10K
4131
1,150
Our total reinsurance recoverable on paid losses as of December 31, 2009, net of the reserve for uncollectible reinsurance, was $70.5 million. The top ten reinsurers measured on total reinsurance recoverables represented $45.1 million, or 64.0%, of the total paid loss recoverable, of which $2.7 million is collateralize...
88
10K
AegonNV-AR_2004
1,928
AEGON) are an integral part of AEGON’s protection against unfriendly actions. Taken together the qualified majority requirements and the voting rights of Vereniging AEGON
24
annual_report
2134
3,433
million per year. The captive is also co-insured with a commercial carrier for an additional $10 million
17
10K
5350
1,003
For workers' compensation, the favorable development was related to both primary and excess business and to many accident years, including those prior to 2007. During 2016, reported workers' compensation losses continued to be below our expectations at most of our operating units. Loss frequency and severity trends con...
95
10K
2663
6,329
Within each line, Company actuaries review the results of individual tests, supplementary statistical information, and input from underwriting, operating and claim management, to select their point estimate of the ultimate liability. This estimate may be one test, or a weighted average of several tests, or a judgmental...
71
10K
LloydsBankingGroupPLC-AR_2020
6,413
The number of shares awarded relating to matching shares in 2020 was 62,262,140 (2019: 37,346,812), with an average fair value of £0.34 (2019: £0.56), based on market prices at the date of award.
33
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2010
1,019
clients benefit from financial strength and risk knowledge ergo focuses consistently on clients’ needs
14
annual_report
ch_zurich_insurance_group-AR_2011
2,405
Total actuarial gain/(loss) as of December 31 (4,200) (2,914) (2,672) (2,907) (1,308) Total actuarial gain/(loss) net of policyholder participation and taxes as of December 31 (2,857) (1,924) (1,762) (1,934) (818)
30
annual_report
5530
1,140
The following table summarizes the carrying values and gross unrealized losses of our fixed maturity securities, available for sale, by category as of December 31, 2018 (dollars in millions):
29
10K
TopdanmarkAS-AR_2016
82
The interest rate curve used to discount the provisions for outstanding claims was lower in 2016 than in 2015. The lower level of interest rates impacted the claims trend adversely by 0.1pp.
32
annual_report
DirectLineInsuranceGroupPLC-AR_2016
1,247
The Group’s FRCF is part of its wider internal controls system. It addresses financial reporting risks. The Board delegates supervision of the FRCF to the Audit Committee. The CFO is responsible for the FRCF on a day-to-day basis.
38
annual_report
SwissReAG-AR_2016
4,618
External verification of our CO₂ reporting Right from the start of our Greenhouse Neutral Programme in 2003, we have disclosed our CO2 emissions, their principal sources and relative performance over time. The method we use to calculate our emissions is based on the guidelines of the Greenhouse Gas Protocol, the most w...
84
annual_report
RSAInsuranceGroupPLC-AR_2019
2,661
Effect of changes in foreign exchange on cash and cash equivalents (11) (3)
13
annual_report
BaloiseHoldingLtd-AR_2005
1,859
3.5 Intangible assets 3.5.1 Goodwill Goodwill arises as the difference between the purchase price and the assets and liabilities taken over recognized at market value at the time of the takeover. Goodwill is disclosed under intangible assets. Goodwill is measured at cost less all accumulated amortization and impairment...
116
annual_report
TrygAS-AR_2006
549
Technical interest transferred to insurance activities was DKK 324m higher. The total return on investment activities was increased by DKK 319m over 2005 to stand at DKK 1,207m in 2006. Other financial income and expenses improved from a net expense of DKK
42
annual_report
5292
538
We periodically write retroactive reinsurance contracts, which provide indemnification of losses and loss adjustment expenses with respect to past loss events. Retroactive reinsurance premiums earned in 2016 primarily derived from three new contracts, including $670 million from a contract with Hartford Fire Insurance ...
101
10K
BaloiseHoldingLtd-AR_2006
1,159
G E R M A N EG LO F F : We have a very high-quality balance sheet today and are adequately capitalized for our business and risk profi le. Thanks to our good revenue situation and profi t quality we have the ability – and have done so more than once in the past – to distribute attractive cash dividends to our sharehold...
74
annual_report
Sampoplc-AR_2006
141
Ilkka Hallavo*, Group Executive Vice President, Head of Corporate Banking, Deputy Managing Director of Sampo Bank plc Line Hestvik, Group Executive Vice President, Head of BA Private, If P&C Mika Ihamuotila, President and CEO of Sampo Bank plc (until 31 January 2007) Peter Johansson, Group CFO Patrick Lapveteläinen, Gr...
111
annual_report
5251
2,932
The Series D Preference Ordinary Shares and Series E Preference Ordinary Shares discussed in this section were issued by XL-Cayman and do not represent share capital of XL-Bermuda. XL-Bermuda has no preferred shares outstanding and has never issued any preferred shares.
41
10K
ScorSE-AR_2015
2,638
INCOME TAX (EXPENSE) / BENEFIT REPORTED IN EQUITY 13 (31) 9 4.6.19.2 RECONCILIATION OF EXPECTED TO ACTUAL CORPORATE INCOME TAX EXPENSE
21
annual_report
660
402
DEPENDENCE ON KEY PERSONNEL. The Company has several key executive officers, the loss of whom could have a significant adverse effect on the Company. In particular, Ronald Langley, PICO's Chairman, and John R. Hart, PICO's President and Chief Executive Officer, play key roles in the Company's and GEC's investment decis...
112
10K
2186
1,251
The following table illustrates White Mountains’ recorded net loss and loss adjustment expense reserves for its Reinsurance segment, and high and low estimates for those classes of business for which a range is calculated, at December 31, 2003.
38
10K
5860
1,110
We use quota share and facultative reinsurance. In quota share reinsurance, the reinsurer agrees to assume a specified percentage of the ceding company’s losses arising out of a defined class of business in exchange for a corresponding percentage of premiums, net of a ceding commission. Facultative coverage refers to a...
90
10K
5727
874
As of December 31, 2019, the Company had deferred tax assets of $1,931,665 generated from state net operating loss carryforwards. The state tax carryforwards expire between 2028 and 2039. For the years ended December 31, 2019 and December 31, 2018, a valuation allowance on deferred tax assets generated from state net o...
84
10K
5018
2,503
Over the past few years, the Obama administration has proposed and the U.S. Congress has considered legislation which, if passed, would limit or deny U.S. insurers and reinsurers the deduction for reinsurance placed with non-U.S. affiliates. We believe that the passage of such legislation could adversely affect the rei...
62
10K
AdmiralGroupPLC-AR_2012
75
For more information: UK Car Insurance Review Go to page 10
11
annual_report
5700
8,667
Treasury stock, at cost; 2019 - 1,036,672,461 shares; 2018 - 1,040,062,063 shares of common stock
15
10K
5755
4,438
The changes in accumulated other comprehensive (loss), by component, for the years ended December 31, 2019, 2018, and 2017 are as follows:
22
10K
3288
1,041
•United Kingdom revenue increased $133 million or 11% driven by favorable foreign exchange, the impact of acquisitions, higher investment income and a gain on the sale of a book of business.
31
10K
4051
1,246
•a decline of $1.0 billion in income from consolidated managed partnerships and funds, which is partially offset by Net income (loss) attributable to noncontrolling interests; and
26
10K
NNGroupNV-AR_2013
718
Deferred tax assets are recognised where it is probable that future taxable profit will be available against which the temporary differences can be utilised. Deferred income tax is provided on temporary differences arising from investments in subsidiaries and associates, except where the timing of the reversal of the t...
103
annual_report
AegonNV-AR_2013
2,614
Impact of changes in accounting policies on the consolidated statement of comprehensive income
13
annual_report
RSAInsuranceGroupPLC-AR_2018
2,938
Pricing for the Group’s products is generally based upon historical claims frequencies and claims severity averages, adjusted for infl ation and modelled catastrophes, trended forward to recognise anticipated changes in claims patterns after making allowance for other costs incurred by the Group, conditions in the insu...
59
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012
1,275
In monitoring the country risks, we do not simply rely on the customary ratings, but perform independent analyses of the political, economic and fiscal situation in those countries in which investments might potentially be made. Our experts also evaluate and draw conclusions from the movements in the market prices of t...
140
annual_report
304
594
The insurance company has remaining loss carry forwards for tax purposes of approximately $1,300,000, approximately $886,000 of which is subject to an annual limitation of approximately $300,000.
27
10K
NatixisSA-AR_2013
3,167
The development of the divisions went hand-in-hand with strict financial management: V liquidity requirements (excluding GAPC) were virtually stable at end-2013 compared to end-2012, in the wake of a €15 billion reduction in 2012; V RWA consumption (excluding GAPC), evaluated as per Basel 3 regulations, was down 2% to ...
80
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2013
2,644
Number of rights on 31 Dec. 2010 430,254 335,216 435,848 457,984 675,029 Additions – – – – 6,546 Exercised – – – – –
24
annual_report
5759
1,177
Sales revenue reflects reductions for returns, allowances, volume discounts and other incentives, some of which may be contingent on future events. In certain customer contracts, sales revenue includes certain state and local excise taxes billed to customers on specified products when those taxes are levied directly up...
106
10K
5413
1,447
Ratings can have an impact on the Company's reinsurance and derivative contracts. There can be no assurance that the Company’s ratings will continue for any given period of time or that they will not be changed. In the event the Company’s ratings are downgraded, reinsurance contracts may be adversely impacted and the C...
64
10K
fr_axa-AR_2014
5,602
December 2014 the creation of a third Global Business line dedicated to Health insurance business.
15
annual_report
NatwestGroupPLC-AR_2015
5,147
The notional size of the hedge increased from £64 billion in 2014 to £72 billion, split by business broadly in line with the proportion of income as shown above. During the year, interest rates remained at or close to historical low levels, as a result of which the average book yield (including 3 month
54
annual_report
4882
1,542
Ambac Assurance Corporation and The Segregated Account of Ambac Assurance Corporation v. Countrywide Securities Corp., Countrywide Financial Corp. (a.k.a. Bank of America Home Loans) and Bank of America Corp. (Supreme Court of the State of New York, County of New York, filed on September 28, 2010). Ambac Assurance file...
174
10K
3266
886
The Company’s net cash flows provided by operating activities for the years ended December 31, 2006, 2005 and 2004, were $846.2 million, $599.4 million and $710.8 million, respectively. Cash flows from operating activities are affected by the timing of premiums received, claims paid and working capital changes. Operati...
173
10K
PowszechnyZakladUbezpieczenSA-AR_2013
1,558
May 2010. The Company is among the largest listed with WSE and has been included in WIG20 since its
19
annual_report
4554
1,133
The amortized cost and estimated fair value of fixed maturity securities available-for-sale at December 31, 2012 are shown by contractual maturity in the table below (dollars in thousands). Actual maturities can differ from contractual maturities because borrowers may have the right to call or prepay obligations with o...
74
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012
1,537
As mandated by the IASB, application of IFRS 10, IFRS 11 and IFRS 12 and the amend­ ments to IAS 27 and IAS 28 would be mandatory for financial years beginning on or after 1 January 2013. When the standards were adopted into European law, the manda­ tory effective date was deferred by one year, so that the standards co...
93
annual_report
2419
1,165
The table below presents the estimated future minimum benefit payments to participants at December 31, 2004.
16
10K
1657
1,899
increases in per member per month premium due to premium rate increases.
12
10K
Sampoplc-AR_1999
1,403
Jadion with Sompo Sci~$foction w' superVISor Sotisfoct,on wi ark Flow of mformolion
12
annual_report
BaloiseHoldingLtd-AR_2003
1,570
Baloise Beteiligungs-Holding GmbH, Bad Homburg Holding 100.00 F EUR 0.0 95.5 –
12
annual_report
5198
1,453
Our insurance subsidiaries’ expense ratio, which is the ratio of policy acquisition and other underwriting expenses to premiums earned, was 32.6% in 2015, compared to 31.4% in 2014. We attribute the increase to higher underwriting-based incentives in 2015.
38
10K
5746
633
Incurred losses increased by 206.0% to $2,790.8 million in 2018 compared to $912.1 million in 2017. The increase was primarily due to a rise of $856.2 million in current year attritional losses mainly due to the impact of the increase in premiums earned resulting primarily from changes in affiliated reinsurance agreeme...
103
10K
5690
5,158
A $500 million senior note was redenominated to a new ¥53.3 billion senior note. The ¥53.3 billion senior note bore interest at a rate per annum of 1.45%, payable semi-annually. In July 2019, this note matured and was refinanced with a ¥37.3 billion 1.602% senior note due July 2023 and a ¥16.0 billion 1.637% senior not...
66
10K
186
452
The amortization of DAC remained relatively unchanged, with the increase in senior life amortization offsetting a decrease in the amortization on the traditional term life block of business.
28
10K
AvivaPLC-AR_2011
1,508
The Committee met on 11 occasions in 2011, of which eight were scheduled Committee meetings and three were additional Committee meetings called at short notice. The members’ attendance record is set out above. In addition, the Committee held separate meetings with members of senior management and the external auditors ...
268
annual_report
5404
2,754
The following table presents the accrued liability associated with restructuring expenses as of December 31, 2017:
16
10K
2098
237
The Kemper Auto and Home segment leases facilities with an aggregate square footage of approximately 274,000 at 12 locations in 9 states. The latest expiration date of the existing leases is in June 2008.
34
10K
PhoenixGroupHoldingsPLC-AR_2011
2,526
– Check that they are properly authorised by the FSA before getting involved by visiting www.fsa.gov.uk/register/home.do
16
annual_report