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StorebrandASA-AR_2003
70
Number of employees 129 Total assets under management NOK 158.8 billion External assets under management NOK 42.5 billion Market share – mutual funds 10.3% Number of mutual funds offered 57 Number of mutual funds customers 85 280
37
annual_report
4192
1,883
To develop the expected long-term rate of return on assets assumption, the Company considered the historical returns and the future expectations for returns for each asset class, as well as the target asset allocation of the pension plan portfolio. This resulted in the selection of the 8.25% long-term rate of return on...
54
10K
AvivaPLC-AR_2018
558
Overview We are Aviva’s global asset management business with expertise in multi-asset, fixed income, equity, real assets and solutions. We currently invest £331 billion on behalf of our customers across a number of major markets. This gives us the size and scale to successfully seek out opportunities that will deliver...
53
annual_report
SwissReAG-AR_2013
2,194
a formal ipV process is undertaken monthly by members of the ipV team within a financial risk management function. the process includes monitoring and in-depth analyses of approved pricing methodologies and valuations of the Group’s financial instruments aimed at identifying and resolving pricing discrepancies.
44
annual_report
RSAInsuranceGroupPLC-AR_2015
902
The Committee has also considered the success of the Global Programme set up to enhance the effectiveness of the Internal Control System and activities carried out as part of the Own Risk and Solvency Assessment (ORSA), including close monitoring of the risks associated with the Group’s turnaround and change programme.
50
annual_report
5432
1,271
Under a fair value hedge, changes in the fair value of the hedging derivative, including amounts measured as ineffective, and changes in the fair value of the hedged item related to the designated risk being hedged, are reported within investment related gains (losses), net. The fair values of the hedging derivatives a...
80
10K
2673
1,207
During the fourth quarter ended December 31, 2002, pursuant to SFAS No. 144, we recognized $35.8 million of impairment charges stemming from purchased and internally developed software that were rendered obsolete as a result of our operations and systems consolidation process.
41
10K
2991
2,044
The Company believes that its recorded claim liabilities are reasonable and adequate to satisfy its ultimate claims liability. Each of the Company’s major operating units has an actuarial staff that has primary responsibility for assessing the claim liabilities. The Company’s Corporate Risk Management staff has an over...
103
10K
PowszechnyZakladUbezpieczenSA-AR_2017
1,179
7. PZU Zdrowie won the prestigious Polish Compass 2017 award as a distinction for persons and institutions that have made a special contribution to the development of the national economy in recent years.
33
annual_report
2084
524
Net operating income increased by $29.0 million in 2002 as compared with 2001. Included in the 2001 results were $16.6 million related to restructuring and other related charges and $12.3 million related to the WTC event. Excluding these 2001 significant items, net operating results decreased $1.8 million due primarily...
134
10K
5176
1,215
• The 2014 period includes a one-time $6.3 million adjustment increasing the consolidated deferred tax liability related to investments classified as available for sale after the July 1, 2014 enactment of Puerto Rico tax legislation that increased the corporate tax rate over long-term capital gains, from 15% to 20%, fo...
57
10K
NatixisSA-AR_2006
5,271
focused on the revolving credit value chain (marketing, grant, administration and non-litigious collection, etc.) and personal loan administration activities. These activities are carried out through Novacrédit, which houses and manages some of the Banques Populaires’ revolving credit outstandings, and CEFI, which mana...
107
annual_report
1862
234
Estimated Amortized Market Cost Values --------------- ---------------- ---- Due in one year or less.......................... $ 57,088,531 $ 55,695,866 Due after one year through five years............ 163,693,003 169,802,218 Due after five years through ten years........... 116,477,328 117,899,513 Due after ten years...
48
10K
Sampoplc-AR_2020
3,328
Market Risks Investment performance in late Q1 and Q2 2020 was impacted only modestly as a result of the pandemic, reflecting the very low risk portfolio structure.
27
annual_report
4370
3,292
employed by market participants and the varying judgments reached by such participants when assessing volatile markets have increased the likelihood that the various parties to these instruments may arrive at significantly different estimates as to their fair values.
38
10K
4941
907
The detail of benefits payable was as follows at December 31, 2014, 2013 and 2012:
15
10K
BaloiseHoldingLtd-AR_2003
690
External Review: Deloitte has reviewed the choice of methodology together with the assumption and calculations made by Baloise Group in the calculation of the embedded value results of its Life Business at December 31, 2003. Deloitte have reported to Baloise that they consider that the methodology is appropriate, Baloi...
103
annual_report
StandardLifeAberdeenPLC-AR_2006
44
EEV increased to £5,608m, equivalent to 258p per share (diluted), driven by the strong operating performance for the year and positive investment return variances. EEV cash generation increased to a £262m inflow (2005: £17m outflow) due to a reduction in new business strain, improved contribution from in-force life bus...
54
annual_report
NNGroupNV-AR_2014
243
Multi-access distribution network NN Group strives to be available to customers wherever they require. We operate via agents, brokers, banks and direct servicing, which allows customers to choose how they interact with us.
33
annual_report
LloydsBankingGroupPLC-AR_2010
5,364
(B) FACTORS AFFECTING THE TAX (CHARGE) CREDIT FOR THE YEAR A reconciliation of the charge that would result from applying the standard UK corporation tax rate to profit before tax to the tax (charge) credit for the year is given below: £m £m
43
annual_report
RaiffeisenBankInternationalAG-AR_2009
2,699
Shares and other variable-yield securities 40,084 157,029 5 64,275 0 2,842
11
annual_report
171
322
The Company's operations have not proven to be significantly seasonal, although quarterly revenues and net income could be expected to vary at times. This is attributable principally to the timing of customers entering into license agreements with the Company and fluctuations in the amount of certain information servic...
73
10K
PowszechnyZakladUbezpieczenSA-AR_2017
140
PZU: Institution of the Year (quality of service in branch offices and remote channels)
14
annual_report
5657
843
Our service business group offers fractional ownership programs for general aviation aircraft (NetJets) and high technology training to operators of aircraft (FlightSafety). We also distribute electronic components (TTI) and franchise and service a network of quick service restaurants (Dairy Queen). Other service busin...
101
10K
1356
256
Basis of Presentation The consolidated financial statements have been prepared in accordance with generally accepted accounting principles which vary in some respects from statutory accounting principles used when reporting to state insurance regulatory authorities. The consolidated financial statements give retroactiv...
85
10K
3037
735
The Company’s consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”). In addition, the Company regularly evaluates operating performance using non-GAAP financial measures which exclude or segregate derivative and realized investment gains and losses from...
188
10K
GjensidigeForsikringASA-AR_2014
572
Representatives for the employees members of the Supervisory Board who participate in the nomination committee’s work of nominating the Chairman of the Board: Kjell Johnny Andersen Jon Aniksdal 44 I Gjensidige Annual Report 2014
34
annual_report
4779
4,300
See Note 3 for a discussion of branch restructuring in accordance with the Closing Agreement. In December 2012, the Tokyo District Court ruled in favor of the Japan branch of American Life in a tax case related to the deduction of unrealized foreign exchange losses on certain securities held by American Life prior to i...
202
10K
5813
865
Consistent with our overall insurance operations, NPW growth in 2020 was negatively impacted by approximately 4 percentage points due to the following:
22
10K
AegonNV-AR_2016
5,372
Fair values for over-the-counter (OTC) derivative financial instruments represent amounts estimated to be received from or paid to a third party in settlement of these instruments. These derivatives are valued using pricing models based on the net present value of estimated future cash flows, directly observed prices f...
57
annual_report
NatixisSA-AR_2003
3,824
I other transactions are recorded in a centralised manner by the Accounting Department.
13
annual_report
2653
1,226
Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) addresses the financial condition of Hartford Life Insurance Company and its subsidiaries (“Hartford Life Insurance Company” or the “Company”) as of December 31, 2004, compared with December 31, 2003, and its results of opera...
94
10K
2202
1,562
In addition, pursuant to the Note indenture, dividends to MONY Holdings from MONY Life are required to be allocated between the OB and the CBB. This allocation, while principally based on separately applying the NY Dividend Statute to the “policyholders’ surplus” and “net gain from operations” attributable to the OB an...
193
10K
3734
5,950
(1)Fixed rate and variable rate refer to the primary interest rate characteristics of the underlying mortgages at the time of issuance.
21
10K
788
203
Management continues to evaluate the Year 2000 readiness of significant vendors and business partners and will develop contingency plans as deemed necessary.
22
10K
4159
2,441
Ceded par outstanding represents the portion of insured risk ceded to other reinsurers. Under these relationships, the Company cedes a portion of its insured risk in exchange for a premium paid to the reinsurer. The Company remains primarily liable for all risks it directly underwrites and is required to pay all gross ...
115
10K
4774
2,669
On October 18, 2013, Cinium Financial Services Corporation (“Cinium”) and certain other affiliated parties (collectively, “Plaintiffs”) commenced an action against, among others, Tower, CastlePoint Insurance Company (“CastlePoint”), an indirect wholly owned subsidiary of Tower, and certain officers of Tower (the “New Y...
203
10K
3072
712
For our postretirement health care plan: net unrecognized actuarial losses of $23.6 million ($15.3 million net of tax); unrecognized prior service costs of $3.2 million ($2.1 million net of tax), all of which were previously netted against the plan’s funded status in our balance sheet pursuant to the provisions of SFAS...
117
10K
2540
354
The 7% decrease in group-wide voluntary personal lines direct premiums written resulted from a 10% decrease in PPA direct premiums written, somewhat offset by a 1% increase in homeowners direct premiums written. The decrease in PPA direct premiums written is the result of the group's policy, implemented in 2002, not to...
114
10K
NatwestGroupPLC-AR_2014
3,277
Excluding the gain on the sale of the Illinois franchise of £170 million
13
annual_report
AvivaPLC-AR_2019
2,014
Maximum opportunity The Company’s Articles of Association provide that the total aggregate remuneration paid to the Chairman of the Company and NEDs will be determined by the Board within the limits set by shareholders and detailed in the Company’s Articles of Association.
42
annual_report
PosteItalianeSpA-AR_2015
5,049
Available-for-sale financial assets 1,184 69 (69) 54 (54) - - 15 (15)
12
annual_report
RSAInsuranceGroupPLC-AR_2010
1,442
conflicts of interest during the year and that the procedure in place operated effectively in 2010.
16
annual_report
2124
705
The factors that affect the volume of low down payment mortgage originations include:
13
10K
fr_axa-AR_1999
283
Equitable Life’s demutualization. In 1992, pursuant to a plan of demutualization, through which Equitable
14
annual_report
gb_prudential-AR_2008
1,997
Market Market gross and other 1 Jan 2008 inflows Redemptions movements 31 Dec 2008 2007 £m
16
annual_report
NatixisSA-AR_2020
1,398
All documents relating to the agenda are attached to the convening notice or are sent or handed to the directors within a reasonable timeframe, prior to the meeting via a secure digital platform. Exceptionally, they may be provided at a meeting.
41
annual_report
5035
704
The Company's 2005 Management Incentive Plan (the "2005 Plan") provides for granting of stock options to enable the Company to obtain and retain the services of selected persons, both employees and directors, considered to be essential to the long-range success of the Company. Under the 2005 Plan, options may be grante...
95
10K
GjensidigeForsikringASA-AR_2012
1,176
Fire and other damage to property 6,772.4 32.6 % 6,834.5 34.0 %
12
annual_report
LloydsBankingGroupPLC-AR_2015
1,487
Introduction On behalf of the Board and as Chair of the Group’s Remuneration Committee, I am pleased to present the Directors’ remuneration report for the year ended 31 December 2015. I am extremely grateful for the overall strong support and positive feedback received from shareholders during 2015. I look forward to w...
55
annual_report
4508
1,421
A summary of restricted stock unit activity under the Plans at December 31, 2011, and changes during the year then ended is presented below:
24
10K
2129
2,549
the favorable impact on the net asset value of closed-end preferred stock mutual funds due to market conditions as well as significant sales of these funds during the year.
29
10K
4730
700
The following table sets forth information regarding the Company's net pretax realized investment gains.
14
10K
AegonNV-AR_2012
4,876
An experience adjustment on plan liabilities is the difference between the actuarial assumptions underlying the scheme and the actual experience during the period. This excludes the effect of changes in the actuarial assumptions that would also qualify as actuarial gains and losses. Experience adjustments on plan asset...
57
annual_report
Sampoplc-AR_2016
2,374
GrGroupoup, t, totalotal 5,3755,375 5,5225,522 1) The change in unearned premiums is presented in note 4, The change in insurance and investment liabilities.
23
annual_report
1726
1,050
On March 1, 2001, HLI issued and sold $400 of senior debt securities to partially finance the Fortis acquisition.
19
10K
AegonNV-AR_2017
6,767
If a holder of Aegon common shares is a resident or deemed to be a resident of the Netherlands for Netherlands corporate income tax purposes and is fully subject to Netherlands corporate income tax or is only subject to Netherlands corporate income tax in respect of an enterprise to which Aegon common shares are attrib...
100
annual_report
nl_ing_grp-AR_2014
5,936
Pa re nt c om pa ny a nn ua l a cc ou nt s O
17
annual_report
gb_prudential-AR_2017
5,982
Total EEV basis shareholders’ equity 9 44,698 38,968 * Including liabilities in respect of insurance products classified as investment contracts under IFRS 4.
23
annual_report
5003
842
National and MBIA Corp. are incorporated and licensed in, and are subject to primary insurance regulation and supervision by, the State of New York. MBIA UK is authorized by the Prudential Regulation Authority (“PRA”) and regulated by the Financial Conduct Authority and the PRA in the United Kingdom. National and MBIA ...
136
10K
3677
2,532
The changes in the carrying amount of goodwill for the years ended December 31, 2008 and 2007 were as follows (in thousands):
22
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006
343
Turkey) as well as emerging markets like India. Naturally, we would also like to build on our already very strong position in Germany, ERGO’s traditional main market, chiefly by enhancing our distribution strength. However, the current political climate, as reflected in the recently adopted legislation for the so-calle...
59
annual_report
AegonNV-AR_2009
408
Marco Keim Chief Executive Officer of AEGON The Netherlands and member of the Management Board
15
annual_report
797
332
The Company's workers compensation insurance companies consist of the following: California Compensation Insurance Company, a specialty workers' compensation carrier writing business primarily in California; Business Insurance Company, a national workers' compensation specialty carrier; Commercial Compensation Insuranc...
55
10K
AdmiralGroupPLC-AR_2019
1,053
Most ongoing business priorities are similar in the different countries: a better digital experience for our customers, excellence in analytics, continuous improvements in technology and new product development, all enabled by new ways of working.
35
annual_report
INGGroepNV-AR_2008
3,460
The tables above should be read in conjunction with the corresponding tables below related to cumulative provisions by geographic area and cumulative provisions by economic sector as well as information and statements in the annual accounts.
36
annual_report
4347
941
Net premiums earned for the year ended December 31, 2011 increased $16.9 million as compared to 2010 due to an increase in net premiums written of $20.0 million, offset by an increase in unearned premiums of $3.2 million.
38
10K
fr_axa-AR_2009
891
In Life, AXA ranked 13th with a 2.6% market share. In Variable
12
annual_report
4664
833
differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company evaluates the need to establish a valuation allowance for deferred tax assets based upon the amount of exist...
103
10K
gb_lloyds_banking_grp-AR_2009
5,812
ORDINARY SHARES On 13 January 2009 the Company issued 2,597 million shares under a placing and open offer, subscribed for by HM Treasury as part of the recapitalisation of the banking industry by the UK Government, which raised £4,430 million (net of £70 million issue costs). This issue resulted in an increase of £649 ...
68
annual_report
Sampoplc-AR_2004
772
Economic capital is defined by risk categories and it is formed mainly from market, credit and insurance risks. In addition, economic capital is affected by operational risks and business risks. Business risks reflect unexpected changes in a company’s business environment.
40
annual_report
2192
498
It is possible that the amounts we recover under reinsurance contracts could be materially less than the amounts we have recorded, which may result in a material adverse impact on our financial condition and results of operations. Some reinsurers may dispute our claims under reinsurance contracts, including our calcula...
124
10K
5812
1,265
For the years ended December 31, 2020, and 2019, the gross investment return (loss) on our investments managed by DME Advisors (excluding investment advisor performance allocation) were composed of the following:
31
10K
RSAInsuranceGroupPLC-AR_2017
1,059
• Joseph Streppel was re-appointed for a third three-year term on 3 October 2017
14
annual_report
2109
572
Net income (loss) $ 1,499,618 $ 2,439,573 $ (696,426) =============== ================ ================
12
10K
5684
466
The table below sets forth the amounts of the Company's contractual obligations at December 31, 2019.
16
10K
StandardLifeAberdeenPLC-AR_2011
1,168
Short-term fluctuations in investment return and economic assumption changes1 (139) (6.0) 157 7.0
13
annual_report
Sampoplc-AR_2020
277
Sampo successfully sold 162 million Nordea shares in an accelerated book-build offering to institutional investors
15
annual_report
de_allianz-AR_2010
2,137
– Debt instruments, classified as “held for trading” (at fair value through income) or as “available-for-sale” may be reclassified to the “loans and receivable” category, if they meet the definition of loans and receivables at the reclassification date and where the Allianz Group has the intent and ability to hold the ...
59
annual_report
StorebrandASA-AR_2016
236
Earnings per ordinary share (NOK) 4.73 2.63 4.61 4.41 2.25 1.51
11
annual_report
1885
460
The Company's life insurance subsidiaries and cemetery and mortuary subsidiaries realize cash flow from premiums, contract payments and sales on personal services rendered for cemetery and mortuary business, from interest and dividends on invested assets, and from the proceeds from the maturity of held-to-maturity inve...
63
10K
NatwestGroupPLC-AR_2011
1,098
2011 compared with 2010 Operating profit was down 32%, partly reflecting the sale of Global Merchant Services (GMS) which completed on 30 November 2010. Adjusting for the disposal, operating profit decreased 16%, driven by an impairment provision on a single name in 2011.
43
annual_report
3861
695
Management is responsible for establishing and maintaining adequate internal control over financial reporting, including safeguarding of assets and reliability of financial records. The Company’s internal control over financial reporting, designed by or under the supervision of management, includes those policies and p...
169
10K
nl_ing_grp-AR_2012
1,758
Accounting policies for the consolidated annual accounts of ING Group continued 112 ING Group Annual Report 2012
17
annual_report
2932
903
At December 31, 2005, all of the Company's mortgage loans were commercial loans of which 68% were retail, 12% were apartments, 10% were office buildings, 8% were warehouses, and 2% were other. The Company specializes in making mortgage loans on either credit-oriented or credit-anchored commercial properties. No single ...
120
10K
HannoverRueckSE-AR_2012
956
The amount and structure of the remuneration of the Executive Board are geared to the size and activities of the company, its economic and financial position, its success and future prospects as well as the customariness of the remuneration, making reference to the benchmark environment and the remuneration structure o...
83
annual_report
4664
748
including, but not limited to, general corporate expenses related to finance, legal, information technology, human resources, communications, compliance, facilities, procurement, employee benefits, and share-based compensation. These expenses have been allocated to the Company on the basis of direct usage when identifi...
218
10K
BaloiseHoldingLtd-AR_2010
513
Michael Becker (1948, D, Dr iur.) has been a member of the Board of Directors since 2010. He studied law in Hamburg and Tübingen and took over the position Head of Accounting and Controlling at Merck KGaA, Darmstadt in 1998. Since 2000, he has been a member of the management board and personally liable partner of Merck...
92
annual_report
SwissReAG-AR_2005
1,531
Acquired present value of future profitsAcquired present value of future profits
11
annual_report
StandardLifeAberdeenPLC-AR_2019
1,537
 The new remuneration policy, which is subject to a shareholder vote at the 2020 AGM
16
annual_report
4420
1,653
As of December 31, 2011 and 2010, U.K. insurance subsidiaries and branch operations had tax loss carryforwards, which do not expire, and deductions available for tax purposes of approximately $382.8 million and $404.0 million, respectively. Certain of the Company’s U.K. insurance and reinsurance subsidiaries have tax l...
76
10K
4556
1,180
U.S. dollar options granted during 2012, were primarily subject to a graded vesting schedule of four years. U.S. dollar options granted expire seven years from the grant date.
28
10K
2136
587
Amortization. Amortization expense for the year ended December 31, 2002 was $9.2 million compared to $11.6 million in the prior year period. The reduction in amortization expense resulted from the January 2002 adoption of SFAS No. 142, which eliminated the amortization of goodwill, offset by amortization related to ide...
133
10K
5242
716
RSUI. The decrease in net loss and LAE in 2016 from 2015 primarily reflects an increase in favorable prior accident year loss reserve development and the impact of lower net premiums earned, partially offset by higher catastrophe losses. The slight increase in net loss and LAE in 2015 from 2014 primarily reflects less ...
88
10K
AegonNV-AR_2016
466
Underlying earnings before tax Underlying earnings before tax in 2015 decreased by 16%
13
annual_report
GjensidigeForsikringASA-AR_2013
2,873
Transactions Income statement The table below shows transactions with related parties recognized in the income statement.
16
annual_report
4719
907
• Level 3 inputs to the valuation methodology are unobservable and significant to the FV.
15
10K
AvivaPLC-AR_2001
809
Merger integration incentive plans (9b) 49 – Merger integration costs (9b) – 50 Costs of integrating acquired undertakings (9b) 10 –
21
annual_report
gb_prudential-AR_2014
3,466
Non-participating long-term products are the only ones where the Group is contractually obliged to provide guarantees on all benefits. Unit-linked products have the lowest level of guarantee.
27
annual_report
130
267
SIERRA HEALTH SERVICES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS For the Years Ended December 31, 1995, 1994 and 1993
21
10K