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2 values
StandardLifeAberdeenPLC-AR_2010
1,663
Average to 31 December 3.16 Sensitivity analysis – economic and non-economic assumptions The tables below show the sensitivity of the embedded value and the NBC to different scenarios.
28
annual_report
AvivaPLC-AR_2019
5,117
Operating expenses include indirect acquisition costs, such as underwriting overheads, and claims handling costs. These are considered to be controllable by the operating segments and are therefore also included in controllable costs.
32
annual_report
3648
1,809
South Korea by $31 million primarily due to higher claim experience and business growth offset by a reduction in claim liabilities due to a refinement in methodology.
27
10K
286
240
Change in unrealized gains or losses on fixed maturities $64,866 $(53,947) $ 4,373 ======= ======== ==========
16
10K
INGGroepNV-AR_2009
528
BACK tO BASICS Insurance Europe focused on derisking, capital preservation, and improving efficiency in 2009 as part of the Group’s Back to Basics programme announced last April. Reduced credit spreads and balance sheet derisking measures contributed to an improvement in Insurance Europe’s capital position, leading to ...
55
annual_report
RSAInsuranceGroupPLC-AR_2009
589
compliance with the combined code Throughout 2009 the Group has complied with the Principles and Provisions of the Combined Code except that the Group has not appointed a senior independent director. The Non-Executive Directors formally consider each year whether a senior independent director is required and remain of ...
113
annual_report
2183
361
Note 5-Consolidated Quarterly Results-Unaudited - Old Republic's consolidated quarterly operating data for the two years ended December 31, 2003 is presented below.
22
10K
231
459
On November 30, 1995, AGP issued 2,142,857 shares of its common stock for $30.0 million (including $13.2 million paid by Conseco and its subsidiaries) in a private placement transaction. Eighty percent of the shares were purchased by Partnership II and the remainder were purchased by the other holders of AGP's common s...
127
10K
2031
702
Trenwick has not invested in derivative financial instruments such as futures, forward contracts, swaps, options or other financial instruments with similar characteristics such as interest rate caps or floors and fixed-rate loan commitments. Trenwick's portfolio includes market sensitive instruments, such as mortgage-...
173
10K
Sampoplc-AR_2012
271
BOARD-APPOINTED COMMITTEES The Board may appoint committees, executive committees and other permanent or fixed-term bodies for duties assigned by the
20
annual_report
INGGroepNV-AR_2014
2,052
ING Group 108 Consolidated annual accounts Notes to the consolidated annual accounts of ING Group
15
annual_report
NatixisSA-AR_2018
11,383
In 2018, the Learning Hub was revamped and improved to centralize all training tools available to staff. It includes access to an online training platform, Vodeclic, which improves employees’ skills in office and collaborative software applications. Vodeclic provides employee tutorials on hundreds of software programs ...
68
annual_report
SwissReAG-AR_2007
1,278
Other invested assets include affiliated companies, equity accounted companies, derivative financial instruments and investments without readily determinable fair value (including limited partnership investments). Investments in limited partnerships where the Group’s interest equals or exceeds 3% are accounted for usin...
83
annual_report
de_allianz-AR_2006
241
Termination of service Formermembers of the Board of Management who leave the Board after at least a five-year term of membership are entitled to a transition payment for a period of six months. This consists of monthly fixed payments to the amount of the last paid fixed salary and the proportionate annual bonus on the...
60
annual_report
NatwestGroupPLC-AR_2005
1,206
By remaining maturity up to 1 month: Deposits by banks (excluding repos) 35,153 34,041 Less: loans and advances to banks (gross, excluding reverse repos) (16,381) (17,067) Debt securities in issue 20,577 15,505 Net wholesale liabilities due within 1 month 39,349 32,479
41
annual_report
fr_axa-AR_2008
5,876
• Various members of the Company’s Supervisory Board and Management Board as well as various other executive officers and directors of companies forming a part of the AXA Group may, from time to time, purchase insurance, wealth management or other products or services offered by AXA in the ordinary course of its busine...
78
annual_report
2384
1,309
Due to the Company’s decision to enter into an agreement with CSFB, the Company reclassified its equity investment in SPS of $109,519 to equity investment held for sale.
28
10K
NatwestGroupPLC-AR_2020
157
We are grateful to Alison Rose and her senior team for the leadership and energy they have displayed in remarkably challenging circumstances. Looking forward, the Board firmly believes that we have a well-balanced leadership team in place with the necessary experience and expertise to deliver our objectives. By champio...
83
annual_report
2140
341
Net income of the insurance subsidiaries, as determined in accordance with statutory accounting practices, was $22,851, $10,318 and $5,660 for 2003, 2002 and 2001, respectively. Consolidated statutory shareholder's equity for these subsidiaries was $304,651 and $269,005 at December 31, 2003 and 2002, respectively. Mini...
64
10K
LloydsBankingGroupPLC-AR_2006
1,689
Equities 8.0 Fixed interest gilts 4.6 Index linked gilts 4.2 Non-government bonds 5.1 Property 6.5
15
annual_report
ch_zurich_insurance_group-AR_2011
952
Risk review continued development of new accounting and regulatory standards, as well as establishing the principles for Embedded Value reporting). Zurich is also a contributing partner to the annual report on global risks, a collaborative effort under the auspices of the World Economic Forum (WEF) and produced in conj...
55
annual_report
5670
1,050
We also have an expense allocation agreement with Farm Bureau Property & Casualty Insurance Company for the use of property and equipment. Expense relating to this agreement totaled $0.3 million in 2019, 2018 and 2017.
35
10K
StorebrandASA-AR_2011
536
The return of the various portfolios depends on developments in financial markets. The portfolios have different exposures to, for example, equities, fixed income and currency markets, since they have investment profiles that are adapted to the liabilities. The return will therefore vary. Due to falling interest rates,...
56
annual_report
HiscoxLtd-AR_2013
854
This report explains how the remuneration policy was implemented for the financial year ending 31 December 2013 and how it will be applied for the 2014 financial year. KPMG has audited the report to the extent required by the Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2013, being the...
89
annual_report
de_allianz-AR_2003
1,765
After most of the developed economies were either caught in stagnation or showed only modest growth in the last three years, the economic compass at the beginning of 2004 points to growth across all continents. Many of the overwhelming risks of the recent past – terror, war, SARS and accounting scandals
51
annual_report
gb_prudential-AR_2016
5,546
We utilised the results of KPMG benchmarking of assumptions and actuarial market practice to inform our challenge of management’s assumptions in both areas noted above.
25
annual_report
gb_prudential-AR_2019
3,723
If�the�market�for�a�financial�investment�of�the�Group�is�not�active,�the�Group�establishes�fair� value�by�using�quotations�from�independent�third�parties,�such�as�brokers�or�pricing� services,�or�by�using�internally�developed�pricing�models.�Priority�is�given�to�publicly� available�prices�from�independent�sources�when�...
15
annual_report
gb_lloyds_banking_grp-AR_2012
606
Our sexual orientation programme continues to be recognised as amongst the best. in the stonewall 2012 Top 100 Employers index the Group was placed in the top 20 organisations and was named Top Welsh Private sector Employer and 2nd best scottish Employer. Our Rainbow network was also given ‘star performer’ status. We a...
71
annual_report
5057
9,338
The primary potential risk to our operations related to guaranteed minimum interest crediting rates could arise mainly in our universal life product since the account values with higher guarantees, primarily 4.0%, are concentrated in this product. Our other annuity products also contain guaranteed minimum interest rate...
200
10K
RSAInsuranceGroupPLC-AR_2007
242
2008 will be a busy year for the Baltics as further operational enhancements are made, however we have demonstrated our ability to successfully manage change and we anticipate another strong year of performance.
33
annual_report
4032
1,759
When determining the fair value of our liabilities, we are required to incorporate into the fair value an adjustment that reflects our own non-performance risk. As our CDS spread tightens or widens, the fair value of our liabilities increases and decreases, respectively.
42
10K
NNGroupNV-AR_2013
1,819
Maturity not applicable Total Assets Cash and cash equivalents 5,389 5,389 Financial assets at fair value through profit or loss: – trading assets 4 582 586 – investments for risk of policyholders (2) 98,765 98,765 – non-trading derivatives 129 120 214 1,430 3,214 5,107 – designated as at fair value through profit or l...
135
annual_report
4462
651
In 2007, as interest rates on adjustable rate mortgages reset to higher rates, foreclosures on subprime mortgage loans increased to record levels. This resulted in a significant decrease in levels of available mortgage funding as investors became wary of the risks associated with investing in subprime mortgage loans. I...
166
10K
5461
758
A summary of total investment income, net of investment expenses, and net realized gains and losses is as follows:
19
10K
4463
989
Basic earnings per share have been calculated by dividing net income available to common shareholders by the weighted-average ordinary shares outstanding. Diluted earnings per share has been calculated by dividing net income available to common shareholders by the sum of the weighted-average ordinary shares outstanding...
65
10K
3652
952
SFAS 133 “Accounting for Derivative Instruments and Hedging Activities”, as amended (“SFAS 133”), establishes accounting and reporting standards for derivative instruments. All derivatives, whether designated for hedging relationships or not, are required to be recorded on the Consolidated Balance Sheets at fair value....
90
10K
RSAInsuranceGroupPLC-AR_2019
349
Q You’ve made some significant changes to your executive team during 2019, could you explain the rationale for those changes? Capable and effective leadership is a vital requisite for companies aspiring to sustained high performance. As CEO, it’s my job to focus hard on the top team, to make sure we have the best team ...
137
annual_report
1765
573
A variety of instruments, including interest rate and currency swaps and currency forwards (for further discussion see Note 14), are employed to achieve management's interest rate objectives. Effective interest rates are lower under these "synthetic" positions than could have been achieved by issuing debt directly.
45
10K
4779
3,521
Securities, Short-term Investments, Other Investments, Long-term Debt of CSEs - FVO and Trading Liabilities
14
10K
896
136
Properties. The Company owns its 275,000 square foot principal offices located in Amelia, Ohio. The Company's insurance subsidiaries lease office space in Montgomery, Alabama, St. Louis, Missouri and Clearwater, Florida and the Company's transportation subsidiaries lease offices in Metairie, Louisiana. The Company owns...
60
10K
NatixisSA-AR_2002
2,750
Lastly, our credit repo team performed strongly and enabled us to rank among the leading European players in this sector and as number one in French securities.
27
annual_report
4196
655
The table below reflects the losses and LAE reserve adjustments for the periods presented.
14
10K
ScorSE-AR_2009
3,762
R RATE Scale showing the various premium rates applied to risks belonging to a given category of insurance (as in motor rates, fire rates).
24
annual_report
TopdanmarkAS-AR_2011
506
All members of the audit committee meet all the criteria of independence set out in the "Recommendations for Corporate Governance" of August 2011 by the Committee on Corporate Governance.
29
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2018
357
Benefit: − In the case of defined contribution plans: Annuity based on the policy reserve or payment of the policy reserve as a lump sum at the date the pension benefit is claimed. − In the case of a combination of defined benefit plans and defined contribution plans: Entitlement of between 30% and 60% of pensionable b...
95
annual_report
1232
827
During 1999, we recorded a $6.8 million after-tax charge for demutualization related expenses to improve our financial analysis and financial reporting abilities. These charges primarily included consulting fees and planning and expense management costs.
34
10K
4404
2,862
The standard set by the National Association of Insurance Commissioners (NAIC) for measuring the solvency of insurance companies, referred to as Risk-Based Capital (RBC), is a method of measuring the minimum amount of capital appropriate for an insurance company to support its overall business operations in considerati...
136
10K
StandardLifeAberdeenPLC-AR_2010
81
UK fee business AUA is 15% higher at £98.6bn due to positive market movements and net inflows, which have more than doubled to £3.6bn. Net inflows into institutional pensions, mutual funds and SIPP have been strong. The average revenue yield on fee business has strengthened to 77bps (2009: 75bps)
49
annual_report
TrygAS-AR_2014
158
more than 4,500 days of teaching, where the focus is on improving our customers’ experience of Tryg.
17
annual_report
SwissReAG-AR_2015
1,120
Swiss Re’s corporate governance framework Swiss re’s Board of Directors is responsible for oversight, while the Group eC is responsible for managing operations. this structure maintains effective mutual checks and balances between the top corporate bodies. our corporate governance principles and procedures are defined ...
198
annual_report
gb_lloyds_banking_grp-AR_2017
1,820
The Group completed its acquisition of MBNA on 1 June 2017.
11
annual_report
1264
958
Reimbursement Cases by Labor Unions - Approximately 30 reimbursement suits are pending in various federal or state courts in which the plaintiffs are labor unions, their trustees or their trust funds. Lorillard is a defendant in each of these suits. The Company is named as a defendant in three of them. Nine of the appr...
142
10K
3734
8,872
Property-liability insurance claims and claims expense (net of reinsurance recoveries of $620, $370 and $414)
15
10K
NatwestGroupPLC-AR_2004
1,470
Bob Scott* (age 63) CBE, FCIBS C, N, R (Chairman) Appointed to the Board in January 2001, Bob Scott is an Australian national. He is the senior independent director. Bob Scott has many years experience in the international insurance business and played a leading role in the consolidation of the UK insurance industry. H...
106
annual_report
4141
1,012
A 1.00% change in the discount rate would change the value of our ARS by approximately $13.7 million. A two year change to the years to liquidity assumption would change the value of our ARS by approximately $18.5 million.
39
10K
3998
3,846
6.30% Senior notes due 8/15/14, net of unamortized discount of $1,061 at December 31, 2009
15
10K
gb_prudential-AR_2009
1,471
Directors’ shareholdings The interests of directors in ordinary shares of the Company are set out below. This includes deferred annual bonus awards and interests in shares awarded on appointment detailed in the table on ‘Other Share Awards’ on page 111.
40
annual_report
2847
5,358
Asset Management pre-tax segment loss was $10.5 million in 2005, compared to pre-tax income of $0.1 million in 2004 and a pre-tax segment loss of $8.7 million in 2003. The 2005 decrease was a result of lower revenues, due to declines in assets under management and lower performance fees and of a $10.6 million intangibl...
149
10K
4404
2,934
The Exchange holds a surplus note for $20 million from EFL that is payable on demand on or after December 31, 2025; however, as stated above, no principal or interest payments may be made without prior approval of the Pennsylvania Insurance Commissioner. EFL paid interest to the Exchange on the surplus note of $1 milli...
60
10K
fr_axa-AR_2015
6,615
Claim reserves as of January 1 38,172 7,442 45,614 36,093 7,330 43,423
12
annual_report
4756
1,900
Our Australian mortgage insurance business decreased $140 million, including a decrease of $6 million attributable to changes in foreign exchange rates, primarily driven by a reserve strengthening in 2012 that did not recur and lower new delinquencies in 2013. In the first quarter of 2012, we strengthened reserves by $...
124
10K
5905
1,672
•Underwriting Results - we generated underwriting income of $256.4 million and had a combined ratio of 92.3% in 2019, compared to underwriting income of $244.9 million and a combined ratio of 87.6% in 2018. Our underwriting income in 2019 was comprised of $209.3 million of underwriting income in our Property segment an...
97
10K
gb_prudential-AR_2010
2,949
AT 31 DECEMBER 2009/1 JANUARY 2010 Total investments (including derivative assets) 9,547 9,953 3,890 23,390 Less: Investments held by consolidated investment funds (270) (218) (230) (718) Less: Derivative liabilitiesnote G3 (63) – (83) (146)
34
annual_report
1826
519
The Company's principal executive offices, comprised of approximately 34,000 square feet of office space leased through April 2003, are located in Pasadena, California. In addition, the Company maintains 16 branch offices in various locations in the western United States in leased facilities with various lease terms. M...
60
10K
LloydsBankingGroupPLC-AR_2020
5,636
Assets Liabilities Assets Liabilities Continuing hedges Discontinued hedges At 31 December 2020 £m £m £m £m £m £m £m
19
annual_report
5861
475
arrangements, we could incur expenses in excess of, or below, the amounts we had planned in periods of rapid change in the volume of submitted applications from marketing partner referrals. Similar to our marketing partner channel, expenses in our online advertising channel will increase or decrease in relation to any ...
129
10K
3592
1,707
Our international mortgage insurance business increased $52 million and our payment protection insurance business increased $98 million.
17
10K
3396
460
contract administration and early surrender. These contract charges are recognized as revenue when assessed against the contractholder account balance. Life and annuity contract benefits include life-contingent benefit payments in excess of the contractholder account balance.
35
10K
3011
4,962
The PMA Insurance Group retains an aggregate $14.1 million deductible on the first layer of its workers’ compensation reinsurance, which is $750,000 excess of $250,000. Effective January 1, 2007, the aggregate deductible decreased to $13.8 million.
36
10K
NatwestGroupPLC-AR_2018
3,030
Opinions on other matters prescribed by the Companies Act 2006 In our opinion, the part of the directors’ remuneration report to be audited has been properly prepared in accordance with the Companies Act 2006. In our opinion, based on the work undertaken in the course of the audit:  the information given in the Strate...
80
annual_report
PosteItalianeSpA-AR_2020
8,013
Investment property (former service accommodation): the value of this investment property is determined on the basis of the applicable law (Law 560 of 24 December 1993), which sets the selling price in case of sale to the tenant or the minimum selling price if the property is sold through a public auction.
52
annual_report
1126
474
CREDIT RISK OF INSURANCE COMPANIES FROM WHICH REVENUE IS RECEIVED COULD ADVERSELY IMPACT RENEWAL INCOME
15
10K
190
363
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Bancinsurance Corporation and subsidiaries as of December 31, 1995 and 1994, and the results of their operations and their cash flows for each of the years in the three-year period...
100
10K
GjensidigeForsikringASA-AR_2015
2,660
166 | Gjensidige annual report 2015 7. Owner-occupied property, plant and equipment
12
annual_report
AvivaPLC-AR_2012
1,893
 Euro New Preference Shares of €1 each, which have such rights and terms (including, terms related to the redemption of such shares, ranking and entitlement to dividend and capital) as the Board determines.
34
annual_report
ASRNederlandNV-AR_2016
3,254
The total work force decreased to 4,160 FTE (2015: 4,248 FTE). The ‘total work force’ consists of the number of internal and external FTEs. The number of internal FTE decreased to 3,461 FTE (2015: 3,650 FTE) as a result of continuing costcutting programmes and the sale of B.V. Nederlandse Hulpverleningsorganisatie SOS ...
79
annual_report
4601
1,062
We expect to recognize a majority of our first year Medicare Advantage and Medicare Part D prescription drug plan commission revenue in the fourth quarter of each year as a result of the Medicare annual enrollment period, which occurs in the fourth quarter of each year. Additionally, we recognize a majority of our rene...
91
10K
NatwestGroupPLC-AR_2014
3,166
Net interest income increased by £33 million or 5% as improved deposit margin reflected the full year impact of the 2013 deposit re-pricing initiative.
24
annual_report
4356
1,961
The Company’s financial instruments that it measures at fair value using Level 2 inputs generally include: U.S. Government issued bonds; U.S. Government sponsored enterprises bonds; U.S. state, territory and municipal entities bonds; Non-U.S. sovereign government, supranational and government related bonds consisting p...
107
10K
HiscoxLtd-AR_2018
1,280
2.8 Cash and cash equivalents The Group has classified cash deposits and short-term highly-liquid investments as cash and cash equivalents. These assets are readily convertible into known amounts of cash and are subject to inconsequential changes in value. Cash equivalents are financial investments with less than three...
55
annual_report
fr_axa-AR_2000
2,437
Securities represented by that ADR, and upon payment of the fees and charges provided in the deposit agreement and subject to the other provisions of the deposit agreement, the Deposited Securities and the statuts of AXA, the holder of the ADR is entitled to the delivery to it, or upon its order, of the Deposited Secur...
126
annual_report
249
513
Income tax payments in 1995, 1994 and 1993 were $695,617, $678,710 and $700,491, respectively.
14
10K
AdmiralGroupPLC-AR_2019
2,960
IFRS 17 Insurance Contracts was issued in May 2017, with a revised endorsement draft incorporating a number of proposed amendments issued in June 2019. The standard will replace IFRS 4, establishing new principles for the recognition, measurement, presentation and disclosure of Insurance contracts within the scope of t...
72
annual_report
INGGroepNV-AR_2001
1,102
The non-operational results can be specified as follows: Provision for reorganisation and relocation - 4 8 6 - 4 8 6
21
annual_report
NatwestGroupPLC-AR_2020
3,849
Capital, liquidity and funding risk continued Funding sources The table below shows the carrying values of the principal funding sources based on contractual maturity. Balance sheet captions include balances held at all classifications under IFRS 9.
36
annual_report
3211
1,072
The underwriting gains or losses related to the AARP Medicare Supplement insurance business are directly recorded as an increase or decrease to a rate stabilization fund (RSF). The primary components of the underwriting results are premium revenue, medical costs, investment income, administrative expenses, member servi...
117
10K
SwissLifeHoldingAG-AR_2007
157
Operating costs were reduced by a further 2% in spite of the vigorous growth. In Switzerland, they were pushed back by a full 7%. This welcome development, which also strengthens the company’s competitiveness in its home market, is primarily due to the efficiency gains achieved from the successful integration of «La Su...
124
annual_report
NatwestGroupPLC-AR_2008
155
Average core customer deposits declined by 5% and the division further reduced its reliance on brokered deposits by 80%, leading to an overall decline of 11% in average customer deposits. Net interest margin was held steady, reflecting widening asset margins and careful management of savings rates in a competitive depo...
51
annual_report
3637
2,081
Our contractual obligations as of December 31, 2008, are shown below.
11
10K
AvivaPLC-AR_2006
283
Our board has recommended a final dividend of 19.18 pence (2005: 17.44 pence), bringing the total dividend for the year to 30.00 pence (2005: 27.27 pence). This is a 10% (2005: 7.5%) increase. Dividend cover is 2.80 times (2005: 2.17 times).
41
annual_report
nl_ing_grp-AR_2013
5,506
Adjustments to equity: Revaluation reserve debt securities –4,227 –10,516 –833 –1,265 Revaluation reserve crediting to life policyholders 2,914 5,673 Revaluation reserve cash flow hedge –1,878 –2,689 776 761 –2,726 –3,548 5 Goodwill (3) –1,160 –1,431 –1,057 –1,242 –264 –351
39
annual_report
798
416
While any proceeding contains an element of uncertainty, management presently believes the outcome of currently pending proceedings will not have a material adverse effect on the Company.
27
10K
NatixisSA-AR_2010
7,571
Furthermore, in accordance with Articles L.225-197-1 and following of the French Commercial Code and resolution 18 adopted by the shareholders during the General Meeting of May 27, 2010, the Natixis Board of Directors, at its meeting on August 5, 2010, decided to grant 6,595,308 free shares to certain employees of Nati...
60
annual_report
2012
418
In December 2002 and January 2003, CNAF provided loans in an aggregate amount of approximately $45 million to the large national contractor that undertakes projects for the construction of government and private facilities. CNA Surety has provided significant surety bond protection for this contractor's projects throug...
109
10K
5332
585
Medicare customers are Medicare-eligible individual members age 65 and over who have enrolled in Medicare Advantage, a managed care alternative for the Medicare program, who have purchased Medicare Supplement benefit coverage, some disabled members under age 65, or members of all ages with end stage renal disease. We a...
101
10K
2026
1,711
· Certain reinsurance agreements recognized as reinsurance for statutory purposes are accounted for as financing transactions under GAAP.
18
10K
AvivaPLC-AR_2009
4,963
By moving to a panEuropean operating model, we are simplifying our product range, shortening the time to launch new products for our customers and making significant efficiency gains by centralising our operations, enabling us to improve cost management, grow net profits and enhance dividends remitted to the Group.
48
annual_report
5856
1,176
The Company holds various types of fixed maturity securities available-for-sale and classifies them as corporate securities (“Corporate”), Canadian and Canadian provincial government securities (“Canadian government”), residential mortgage-backed securities (“RMBS”), asset-backed securities (“ABS”), commercial mortgage...
66
10K
4959
2,685
As of December 31, 2014, Genworth Holdings had outstanding eight series of fixed rate senior notes with varying interest rates between 4.80% and 8.625% and maturity dates between 2016 and 2034. The senior notes are Genworth Holdings’ direct, unsecured obligations and rank equally in right of payment with all of its exi...
201
10K
5226
1,066
As of December 31, 2016, the following liabilities remained on the Company's Consolidated Balance Sheets related to restructuring charges recorded in 2012, 2015 and 2016. The rollforwards of these costs to December 31, 2016 were as follows:
37
10K