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HiscoxLtd-AR_2005
1,100
Net asset NAV Net asset NAV value per share value per share £000 pence £000 pence
16
annual_report
fr_axa-AR_2013
7,275
In the United Kingdom, the Pensions Act 1995 legislation governs pension funds and the Pensions Act 2004 introduced regulations on the funding of defi ned benefi t pension arrangements and several other measures. Central to the funding regime are the Statutory Funding Objective (SFO)
44
annual_report
SwissReAG-AR_2018
2,726
As a first step, in 2018 we introduced a thermal coal policy for our underwriting, pledging not to provide re/insurance to businesses with more than 30% exposure to thermal coal utilities or mining. The policy is fully integrated into our Sustainability Risk Framework. It applies to both old and new thermal coal projec...
95
annual_report
AegonNV-AR_2002
937
AEGON’s capital base reflects the capital employed in its insurance activities. AEGON endeavors to manage its capital base to contain at least 70% shareholders’ equity, between 5% and 15% capital securities, and a maximum of 25% subordinated and senior debt. The decrease in senior debt is primarily caused by redemption...
71
annual_report
INGGroepNV-AR_2011
4,212
The frequency and severity of such events, and the losses associated with them, are inherently unpredictable and cannot always be adequately reserved for. Furthermore, we are subject to actuarial and underwriting risks such as, for instance, mortality, longevity, morbidity, and adverse claims development which result f...
159
annual_report
AvivaPLC-AR_2003
1,137
Investment return before unrealised gains/(losses) 7,190 4,545 573 597 Unrealised investment gains/(losses) 7,069 (8,833) 143 (1,017)
16
annual_report
AdmiralGroupPLC-AR_2018
2,104
Other Revenue and profit commission 316.8 16.7 143.6 10.8 (19.8) 468.1
11
annual_report
5671
2,933
At December 31, 2019 and 2018, the total operating loss carryforwards includes Lloyd's deferred year of account losses of $50 million and $68 million, respectively.
25
10K
SwissReAG-AR_1982
293
Life reinsurance Policy reserves 1,188.9 1,174.9 Outstanding claims reserve 180.3 155.6 in % of insurance in force, net 3.1 % 3.2%
21
annual_report
NatixisSA-AR_2008
6,215
Financial liabilities are designated at fair value through profi t and loss when this choice provides more pertinent information or when the instruments incorporate one or more signifi cant and separable derivatives (cf. Note 7.1).
35
annual_report
NatwestGroupPLC-AR_2013
132
UK personal and affluent customers together with small businesses (generally reporting up to £2 million turnover), with more business bankers moving back into branches.
24
annual_report
5933
1,322
During the fourth quarter of 2012, the Company began taking steps to place all of Amigo into voluntary run-off. As of December 31, 2012, Amigo’s RBC was 157%. In April 2013, Kingsway filed a comprehensive run-off plan with the Florida Office of Insurance Regulation, which outlines plans for Amigo's run-off. Amigo remai...
66
10K
2688
698
The scheduled maturity dates for fixed maturity securities in an unrealized loss position, are as follows:
16
10K
nl_ing_grp-AR_2013
1,635
As a result of the retrospective change in accounting policies set out above, the Consolidated balance sheet of ING Group includes an additional balance sheet as at 31 December 2011.
30
annual_report
5810
2,331
Nonqualified stock options were granted to certain employees under the 2014 Stock Incentive Plan, the Amended and Restated 2010 Stock Incentive Plan and the Stock Incentive Plan. Options outstanding were granted at an exercise price equal to the fair market value of our common stock on the date of grant and expire ten ...
93
10K
fr_axa-AR_2001
621
Market During 2001, several factors have impacted the Life & Savings markets in which AXA operates, in particular, the U.S. terrorist attacks on September 11, 2001. At the time of these events, the global economy was already showing signs of an economic slowdown, which was adversely affecting the stock markets. However...
67
annual_report
5332
747
Fair value is estimated using the income and market approaches for goodwill at the reporting unit level and the income approach for our indefinite lived intangible assets. Use of the income and market approaches for our goodwill impairment test reflects our view that both valuation methodologies provide a reasonable es...
134
10K
ScorSE-AR_2014
3,368
Net income in French GAAP (statutory basis) 387 227 Dividends from subsidiaries (355) (322) Deferred taxes under IFRS (6) 14
20
annual_report
5856
650
•The increase in net premiums was primarily due to an increase in business volume from new and existing treaties.
19
10K
4066
1,263
Montpelier Re entered into its Bilateral facility in November 2005. This facility has no stated expiration date and is subject to an annual commitment fee of 0.20% on drawn balances only.
31
10K
TrygAS-AR_2008
1,796
Number of options exercisable end of 2008 0 0 0 0 0 0 0 0
15
annual_report
NatwestGroupPLC-AR_2012
6,185
42 Post balance sheet events There have been no significant events between the year end and the date of approval of these accounts which would require a change to or disclosure in the accounts.
34
annual_report
AegonNV-AR_2010
1,837
Annual General Meeting of Shareholders on May 12, 2011 for adoption. The shareholders’ meeting can decide not to adopt the financial statements but cannot amend them.
26
annual_report
4949
457
Net premium earned increased $13,480, to $18,463 for 2014, compared to $4,983 for 2013. The following table shows our net premiums earned by line of business.
26
10K
2410
909
You should carefully consider the risks described below before making an investment decision. The trading price of our common stock could decline due to any of these risks, in which case you could lose all or part of your investment. You should also refer to the other information in this filing, including our consolida...
100
10K
NatixisSA-AR_2004
2,148
We conducted the procedures we considered necessary, in accordance with the professional standards applied in France, to assess the fairness of the information concerning the financial position and historical financial statements included in the shelf-registration document and to verify its consistency with the financi...
106
annual_report
AegonNV-AR_2013
3,355
Of the EUR 751 million (2012: EUR 892 million) indirect exposure on the monoline insurers, 34% relates to MBIA, 28% to AMBAC, 7%
23
annual_report
2341
561
Company management considers these trends and uncertainties, and others, in the management of the Company operations. Increasing price competition can have the effect of decreasing the rate of growth of earned premiums, if not decreasing earned premiums, as the Company's underwriting philosophy does not permit risk sel...
247
10K
AegonNV-AR_2004
2,879
Life policyholders account recurring premiums 1,183 1,159 2 1,743 1,677 4
11
annual_report
NatixisSA-AR_2002
353
Parce que vos investissements immobiliers sont spécifiques à votre entreprise, l’expérience et l’expertise de spécialistes constituent des atouts précieux pour finaliser vos projets. Les conseillers de Fructicomi, filiale de Bail Banque Populaire, sont des hommes et des femmes de terrain, qui connaissent votre métier e...
90
annual_report
PowszechnyZakladUbezpieczenSA-AR_2011
890
14.11 Evaluation of financial resources management, taking into account the ability to cover the liabilities drawn, and identification of potential threats and action taken or planned by the Issuer in order to counteract those threats
35
annual_report
4096
636
The liabilities for unpaid losses and loss adjustment expenses ("loss reserves") in the accompanying consolidated balance sheets are estimates of the unpaid amounts that we expect to pay for the ultimate cost of reported and unreported claims as of the balance sheet date. Loss reserves are estimates and are inherently ...
129
10K
2539
649
Our Board of Directors has approved a program to repurchase up to 10% of our outstanding common stock. Stock repurchases may be made from time to time at prevailing prices on the open market, by block purchase or in private transactions. As a part of this program, we purchased 3.3 million shares of our common stock in ...
136
10K
NatixisSA-AR_2003
3,998
Recognised for its quality research CDC IXIS Securities registered further progress in the 2003 rankings published by the l’Agefi financial newspaper, climbing to 4th place among French equity research teams. With nine nominations, including three first places and three second places, CDC IXIS Securities confirmed its ...
56
annual_report
ch_zurich_insurance_group-AR_2008
2,472
Actual embedded value 12,818 753 Operating sensitivities 10% decrease in voluntary discontinuance rates – 479 479 78 10% decrease in initial expenses and commissions n / a n / a n / a 91 5% improvement in mortality and morbidity for assurances 3 234 236 24 5% improvement in mortality for annuities (3) (110) (113) (6) F...
69
annual_report
4863
1,117
For the year ended December 31, 2013, the frequency net premiums earned increased by $85.3 million, or 19.2%, compared to the same period in 2012 primarily as a result of our motor liability, motor physical damage and personal property contracts, which increased net premiums earned by $89.9 million, $12.7 million and $...
57
10K
3131
3,387
Income from continuing operations before provision for income tax and the provision for income tax consist of the following:
19
10K
SwissReAG-AR_2020
790
Anette Bronder joined Swiss Re in June 2019 and was appointed Group Chief Operating Officer and a member of the Group Executive Committee effective July 2019. Before that, she held various leadership positions at Hewlett Packard, Vodafone, T-Systems International and Deutsche Telekom.
42
annual_report
gb_prudential-AR_2007
2,264
Fixed annuities 5.4 to 5.6 5.0 to 5.1 Linked annuities 5.0 to 5.2 4.8 to 5.0
16
annual_report
5562
1,277
The Company has a 401(k) Safe Harbor Profit Sharing Plan (“401(k) Plan”) that qualifies as a defined contribution plan under Section 401(k) of the Internal Revenue Code. Under the 401(k) Plan, participating employees are eligible for company matching and discretionary profit sharing contributions. Plan participants may...
150
10K
5341
1,032
A reduction of the net carrying amount of deferred tax assets by establishing a valuation allowance is required if, based on the available evidence, it is more likely than not that such assets will not be realized. In assessing the need for a valuation allowance, all available evidence, both positive and negative, shal...
177
10K
5438
1,070
Kinsale Insurance maintains its accounts in conformity with accounting practices prescribed or permitted by state regulatory authorities that vary in certain respects from GAAP. In converting from statutory accounting principles to GAAP, typical adjustments include deferral of policy acquisition costs, the inclusion of...
46
10K
4794
1,417
(1)Of this amount, $55.4 million, if recognized, would reduce the 2013 effective income tax rate. We recognize interest and penalties related to uncertain tax positions in operating expenses.
28
10K
4558
979
While we anticipate that our operating cash flows will be sufficient to meet our investment commitments and operating cash needs in a normal credit market environment, we recognize that investment commitments scheduled to be funded may, from time to time, exceed the funds then available. Therefore, we have established ...
275
10K
de_allianz-AR_2017
2,934
Allianz Group had a total positive fair value of € 12 mn (2016: total
14
annual_report
5042
1,628
MTNs are recorded as liabilities on the Company’s balance sheets based upon proceeds received, net of unamortized discounts and premiums, plus unpaid accrued interest at the balance sheet date. Certain MTNs are measured at fair value in accordance with the accounting guidance for hybrid financial instruments. MTNs are ...
168
10K
5705
2,740
Following the adoption of ASU 2016-01, holding gains and losses on equity securities carried at fair value are generally recorded in realized gains (losses) on securities. However, AFG records holding gains and losses on securities classified as “trading” under previous guidance, its small portfolio of limited partners...
72
10K
1968
703
Losses, benefits and experience refunds. Losses, benefits and experience refunds were $524.4 million for the year ended December 31, 2001 compared to $408.2 million for the year ended December 31, 2000. Property and casualty losses and experience refunds were $322.0 million for the year ended December 31, 2001 compared...
191
10K
5406
2,784
The Company has committed to invest in certain private equity and private credit limited partnerships, limited liability companies or similar structures. At December 31, 2017, the Company had unfunded commitments with these entities totaling $82.6 million over a weighted average period of 6.5 years.
44
10K
NatixisSA-AR_2008
4,684
Natexis/Ixis CIB merger and provisions totaling €144 million to cover the Job adaptation plan.
14
annual_report
5904
1,035
The Company estimates that approximately $7 million of pretax losses currently included within Accumulated other comprehensive loss will be reclassified into earnings in the next twelve months.
27
10K
4817
701
Policyholders' funds reserves: Policyholders' funds reserves primarily include reserves for investment contracts without life contingencies. For these contracts, policyholder liabilities are generally equal to the accumulated policy account values, which consist of an accumulation of deposit payments plus credited inte...
51
10K
5449
955
The Company is obligated under various non-cancellable lease agreements providing for office space, automobiles, and office equipment that expire at various dates through the year 2023.
26
10K
5359
2,263
Dividends paid on preferred shares for the three months ended December 31, 2017 were $5.8 million compared to $2.2 million for the three months ended December 31, 2016, an increase of $3.6 million, or 164.5% due to $250.0 million of new Series B preferred shares issued during the second quarter of 2017.
52
10K
TopdanmarkAS-AR_2009
1,304
DKK Share capital at 1 January 176,310,000 166,859,030 Reduction in capital (9,910,000) 0 Increase in capital 459,030 2,205,900 Share capital 166,859,030 169,064,930
22
annual_report
gb_prudential-AR_2011
5,608
IV(c): Effect of foreign currency rate movements on results i Rates of exchange The profit and loss accounts of foreign subsidiaries are translated at average exchange rates for the year. Assets and liabilities of foreign subsidiaries are translated at closing exchange rates. Foreign currency borrowings that have been ...
83
annual_report
758
153
Commercial and Personal Automobile Insurance Program - ---------------------------------------------------- Unifax produced commercial auto policies in California for a non-affiliated insurer and received a commission from them based on premium written. Unifax also received a policy service fee from the insured. In Feb...
112
10K
PhoenixGroupHoldingsPLC-AR_2009
28
Additionally, although it is not necessary for the Company to comply with the UK Companies Act 2006 (“CA06”), or, by virtue of its secondary listing on the LSE, with the UK Combined Code on Corporate Governance (“the Combined Code”) the Directors support the high standards of corporate governance and reporting they req...
68
annual_report
4568
1,376
Invested assets that are initially valued using level 3 inputs upon purchase and subsequently are able to be priced using level 2 inputs within the year of purchase are classified as level 2 assets and are excluded from the rollforward of level 3 assets presented.
45
10K
5735
153
The Company rents office space for certain administrative operations under an agreement that expires in 2022. The lease includes an option to extend or renew the lease term. The operating lease liability includes lease payments related to options to extend or renew the lease term only if the Company is reasonably certa...
116
10K
3021
1,043
catastrophe-related losses incurred in 2005 and 2004 and for the purchase of the Royal & Sun Alliance branch operations.
19
10K
5389
4,294
Deterioration in general economic and business conditions that may affect account values, investment results, guaranteed benefit liabilities, premium levels, claims experience and the level of pension benefit costs, funding and investment results;
32
10K
4145
1,520
The Company acquired cash and investment assets related to the future policy benefit reserves assumed at inception of this large contract.
21
10K
AvivaPLC-AR_2002
791
Investments in joint ventures (N & 20) 1,911 Share of gross assets 1,242 –
14
annual_report
5043
1,159
From time to time, we and certain of our subsidiaries are parties to various legal proceedings, many of which involve claims for coverage encountered in the ordinary course of business. We, like HMOs and health insurers generally, exclude certain health care and other services from coverage under our HMO, PPO and other...
79
10K
nl_ing_grp-AR_2014
2,086
Amendments to IAS 32 ‘Presentation – Offsetting Financial Assets and Financial Liabilities’ These amendments clarify the meaning of ‘currently has a legally enforceable right to set-off’ and the criteria for non-simultaneous settlement mechanisms of clearing houses to qualify for offsetting and is applied retrospective...
63
annual_report
PowszechnyZakladUbezpieczenSA-AR_2018
1,518
The process of determining the risk appetite and risk limits for each risk category consistent with the Group’s process implemented in entities in the PZU Group
26
annual_report
3407
1,025
The following table presents the gross unrealized losses and estimated fair values of our investment securities, aggregated by investment type and length of time that individual investment securities have been in a continuous unrealized loss position, as of December 31, 2007:
41
10K
fr_axa-AR_2017
5,480
Compensation costs/expenses : ■ short-term benefits: compensation paid to members of the Management Committee in 2017 totaled €13.9 million (€19.5 million in 2016), including fixed salary, bonuses, directors’ fees, benefits in kind and other short-term benefits; ■ share-based compensation: the expense recognized in 201...
110
annual_report
5883
1,179
On May 25, 2018, plaintiffs Tsemach Mishal and Paul Berger (on behalf of themselves and the purported class, “Plaintiffs”) initiated a purported class action in the Court of Chancery of the State of Delaware (the “Court”) against the following defendants: Boardwalk Pipelines, Boardwalk GP, LP (“General Partner”), Board...
96
10K
2865
1,068
The Loan contains various restrictive covenants and certain financial covenants. At December 31, 2005, the Company was in compliance with all restrictive and financial covenants.
25
10K
5208
1,720
We are involved in numerous other lawsuits arising, for the most part, in the ordinary course of our business operations, including claims of or relating to bad faith, medical malpractice, non-compliance with state and federal regulatory regimes,
37
10K
RaiffeisenBankInternationalAG-AR_2019
4,211
RL Hotel Palace Wien Besitz GmbH, Vienna (AT) 99.0% 1/11 Materiality
11
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2009
1,253
in designing a policy for employment practice liability insurance, Munich Re and the recently acquired hsB group have demonstrated their successful cooperation in research and development. this jointly developed innovative product covers small and medium-sized companies in the usa against lawsuits brought by employees ...
53
annual_report
RSAInsuranceGroupPLC-AR_2017
1,724
50% of the bonus is deferred into a share award for a period of three years, and 50% is awarded in cash.
22
annual_report
2868
1,157
Effective January 1, 2001, Standard ceded to Protective Life, through a reinsurance agreement, Standard’s individual life insurance product line. Standard received a ceding commission of approximately $90 million and transferred to Protective Life approximately $790 million in assets and corresponding statutory liabili...
122
10K
ScorSE-AR_2013
2,123
The total commitment of the Group for defined benefits retirement plans for the Executive Committee members (including the Chairman and Chief Executive Officer) amounts at EUR 38 million as at 31 December 2013, i.e., 13% of the total commitment of the Group for pension plans of EUR 292 million.
49
annual_report
1843
389
- - The events of September 11 and the resulting disruption in the financial markets revealed weaknesses in the physical and operational infrastructure that underlies the U.S. and worldwide financial systems. Those weaknesses did not impair the Company's liquidity in the wake of the September 11. However, if an event o...
102
10K
5453
1,140
Securities in an unrealized loss position are reviewed at least quarterly to determine if an other-than-temporary impairment is present based on certain quantitative and qualitative factors. We consider a number of factors in determining whether the impairment is other-than-temporary. These include, but are not limited...
227
10K
5046
644
Annually, we review and update the assumptions underlying the projections of EGP, including persistency, mortality, expenses, investment returns, comprising investment income and realized capital gains and losses, interest crediting rates and the effect of any hedges, using our experience and industry experience. At ea...
120
10K
AdmiralGroupPLC-AR_2018
1,781
The nine financially significant components of the group which were identified in our audit planning are the UK branches of Admiral Insurance (Gibraltar) Limited, Admiral Insurance Company Limited, EUI Limited and Inspop.com Limited, the Italian branch of Admiral Insurance Company Limited, the Italian branch of Admiral...
69
annual_report
GjensidigeForsikringASA-AR_2019
2,304
Breakdown of revenue by geographical area Gross premium written direct business 17,986.3 1,512.5 5,986.1 5. Shares in subsidiaries and joint ventures
21
annual_report
5895
983
On September 14, 2020 and September 28, 2020, the Company provided Seed Capital of $2.0 million and $3.0 million, respectively, into FGAM, to capitalize FG Special Situations Fund Advisor, LLC (“Advisor”), a Delaware limited liability company formed on September 2, 2020, and to sponsor the launch of FG Special Situatio...
370
10K
SwissReAG-AR_2020
195
Our strategic response Swiss Re’s history is rooted in providing the capacity to protect societies around the globe against the financial impact of natural catastrophes. Over the years, Swiss Re has developed a unique set of data and proprietary risk knowledge. This allows us to optimally steer and assess risks across ...
100
annual_report
4167
1,011
The NAIC adopted RBC requirements for property casualty companies to be used as minimum capital requirements by the NAIC and states to identify companies that merit further regulatory action. The formulas have not been designed to differentiate among adequately capitalized companies that operate with levels of capital ...
91
10K
TrygAS-AR_2002
403
Tax loss carryforwards 0 149 16 Shareholders' equity Share capital Share capital on incorporation 1 1 Capital contribution by way of non-cash contributions 1,000 1,000 Capital increase 300 300 Balance at 31 December 1,300 1,300 The share capital is divided into shares of DKK 100 each or multiples thereof.
49
annual_report
gb_prudential-AR_2009
2,859
Net sensitivity of profit after tax and shareholders’ equity (76) (38) (166) (92) (64)
14
annual_report
ch_zurich_insurance_group-AR_2019
331
A new way of working and learning in the U.S. In 2016, Zurich introduced its apprentice program in the U.S. That same year Noelia Salgado began the program. It allowed her to finish her education while working. She completed the program in November 2017 and today works for Zurich as an underwriting support specialist. ...
82
annual_report
SwissReAG-AR_1980
368
«SWITZERLAND» General Insurance Company Ltd. Gotthardstrasse 43, CH-8022 Zurich with branch offices in Barcelona, Brussels, Genoa, Hamburg, Melbourne and Montreal SWITZERLAND General Insurance Company (London) Ltd. Tower House, 38 Trinity Square, London EC3N 4HR SWITZERLAND General Insurance Corporation of New York 102...
48
annual_report
2949
1,116
The cost, fair value, gross unrealized gains and gross unrealized losses on investments classified as available for sale at December 31, 2005 and 2004, were as follows (in thousands of U.S. dollars):
32
10K
4962
1,253
We estimated Montpelier Bermuda’s gross and net loss and LAE reserves using the methodology outlined in our “Summary of Critical Accounting Policies and Estimates” contained in Item 7 herein. We did not make any significant changes in the assumptions or methodology used in Montpelier Bermuda’s reserving process during ...
58
10K
2809
970
The Company establishes loss reserves to recognize the liability of unpaid losses related to insured mortgages that are in default. These loss reserves are based upon the Company’s estimates of the claim rate and average claim amounts, as well as the estimated costs of settling claims. These estimates are regularly rev...
125
10K
INGGroepNV-AR_2019
5,902
Contents | Report of the Executive Board | Corporate governance | Risk Management | Consolidated financial statements | Parent company financial statements | Other information | Appendices > Principal subsidiaries, investments in associates and joint ventures > 48 equity of EUR 87 million. In November 2019 ING Bank agr...
54
annual_report
5671
1,944
Retroactive reinsurance reimburses a ceding company for liabilities incurred as a result of past insurable events covered under contracts subject to the reinsurance. In certain instances, reinsurance contracts cover losses both on a prospective basis and on a retroactive basis and where practical the Company bifurcates...
126
10K
BaloiseHoldingLtd-AR_2011
1,304
4.8 impairment of goodwill The recoverability of goodwill is verified annually either towards the end of the year or when objective evidence exists for impairment. For this recoverability audit, a value of benefit is determined, which is primarily based on estimates, such as finance planning approved by management and ...
58
annual_report
AegonNV-AR_2009
427
This is a very important principle. It should mean a more efficient system for insurers – one that will reward strong risk management. We believe that
26
annual_report
NNGroupNV-AR_2017
1,294
The Executive Board’s responsibilities also include the formulation of the company’s strategy in line with its view on longterm value creation. Any non-financial aspects relevant to the company (or the chain within which it operates), such as environmental, social and governance (ESG) matters, are taken into account. T...
93
annual_report
NatixisSA-AR_2020
4,498
Natixis ranked No. 7 on the US market for CLO arrangers (sources: Bloomberg/Reuters). The Company was also named 2019 Enterprise Latin America MLA of the year trophy by IJGLobal magazine.
30
annual_report
fr_axa-AR_2008
124
The diversification of the AXA Group – both by geography and by business – is designed to mutualize and hedge the different types of risks to which the Group is exposed. For example, mortality risks are partly offset by longevity risks, and Life & Savings risks by Property & Casualty risks. In addition, geographic dive...
83
annual_report
HannoverRueckSE-AR_2010
1,002
The interplay of the individual functions and bodies within the overall system is vital to an efficient risk management system.
20
annual_report