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2583
442
In accordance with Statement of Financial Accounting Standards No. 60, "Accounting and Reporting by Insurance Enterprises" and Statement of Financial Accounting Standards No. 97, "Accounting and Reporting by Insurance Enterprises for certain Long-Duration Contracts and for Realized Gains and Losses from the Sale of Inv...
155
10K
ch_zurich_insurance_group-AR_2009
2,746
o) Employee Share Options The costs of share options granted to employees are not included in the embedded value, other than to the extent that they are allowed for in the local statutory accounts upon which the shareholders’ net assets are based. Further information on the costs of share options is given in the Group’...
60
annual_report
StorebrandASA-AR_2020
4,201
Net income and gains from financial instruments: - equities and other units 3 4 2 - bonds and other fixed-income securities 3 64 50 - financial derivatives/other financial instruments 3 -3 -6
32
annual_report
Sampoplc-AR_2002
1,076
Adjusted average number of shares 1,000 555,730 555,588 522,535 – 304,000 304,000
12
annual_report
5453
1,834
In connection with the transaction outlined above, Golden Gate had a $2.014 billion outstanding non-recourse funding obligation as of December 31, 2017 (Successor Company). This non-recourse funding obligation matures in 2039 and accrues interest at a fixed annual rate of 4.75%.
41
10K
HannoverRueckSE-AR_2011
3,307
nover Re does not recognise as a valuation unit with under­
11
annual_report
4709
2,164
The Company has the authority to issue 500,000,000 shares of common stock, par value $.01 per share. In 2011, the Company completed an initial public offering of 28,750,000 shares, inclusive of the exercise of the over-allotment option exercised in July 2011, of its common stock at $18.00 per share, prior to underwriti...
63
10K
AssicurazioniGeneraliSpA-AR_2015
582
Livret A yields, a traditional benchmark for savings investments in France, grew to 0.75% in August. As for the equity markets, CAC, the French reference index recorded an excellent performance reaching +10% (-0.54% at 31 December 2014).
37
annual_report
5145
1,135
There were no credit losses recognized in earnings for which a portion of an OTTI loss was recognized in accumulated other comprehensive income (loss).
24
10K
NatwestGroupPLC-AR_2012
1,321
In October 2012, the Group completed the successful initial public offering of Direct Line Group, selling 520.8 million of its existing ordinary shares. This represented 34.7% of the issued share capital, generating gross proceeds of £911 million.
37
annual_report
StandardLifeAberdeenPLC-AR_2015
1,041
July to September  Half year results 2015  External Auditors’ review of Half year results  External audit plan for 2015 for all audited entities  2015 external audit engagement letter for all audited entities  Solvency II reporting and asset valuations
43
annual_report
5578
939
Expense ratio. The expense ratio decreased, reflecting suspension of the health insurance industry tax in 2017 and lower costs related to our 2016 CMS audit response.
26
10K
TrygAS-AR_2008
808
TrygVesta Management Academy is a development unit focusing on developing managers and specialists.
13
annual_report
4256
2,270
Represents debt extinguishment costs associated with the early redemption of the Guaranteed Senior 6.58% Notes due 2011.
17
10K
GjensidigeForsikringASA-AR_2012
2,959
Other related parties Fire Mutuals All over the country, Norway Gjensidige Pensjonskasse Oslo, Norway 94.7 %
16
annual_report
fr_axa-AR_2013
3,816
The initial amount of the severance benefi t would be equal to 19 months of the average compensation (fi xed and variable) paid during the 24-month period preceding termination for Mr. Henri de Castries. One month will be added to the initial amount of the severance benefi t for each additional year of future service u...
63
annual_report
PosteItalianeSpA-AR_2015
1,557
Receivables and payables attributable to BancoPosta RFC are treated as financial assets and liabilities if related to BancoPosta’s typical deposit-taking and lending activities, or services provided under authority from customers. The related operating expenses and income, if not settled or classifiable in accordance w...
65
annual_report
5113
2,085
The significant unobservable inputs used in the fair value measurement of the reporting entity’s bonds are valuations and quotes received from analytical reviews and broker quotes. Significant increases or decreases in any of those inputs in isolation would result in a significantly lower or higher fair value measureme...
73
10K
4494
805
Earned premiums of $11.33 billion in 2011 were $561 million, or 5%, higher than in 2010, primarily reflecting the impact of an increase in net written premiums over the preceding twelve months. Earned premiums in 2011 also benefited from positive audit premium adjustments related to increased insured exposures for exis...
97
10K
PhoenixGroupHoldingsPLC-AR_2014
1,278
– Kory Sorenson joined the Board as a Non-Executive Director with effect from 1 July 2014
16
annual_report
1921
456
Cash payments in connection with the UK government-initiated review of personal pensions amounted to $12 million in 2002, $18 million in 2001 and $21 million in 2000. We expect expenditures will reduce further in 2003 as the majority of cases have now been settled.
44
10K
gb_prudential-AR_2016
6,021
Time value The value of financial options and guarantees comprises two parts: — The first part arises from a deterministic valuation on best estimate assumptions (the intrinsic value); and — The second part arises from the variability of economic outcomes in the future (the time value).
46
annual_report
784
607
Retained earnings increased from $935,665 at December 31, 1996 to $1,035,985 at December 31, 1997 as a result of the Company's increase in operating profits.
25
10K
4089
415
Loss Ratio: This ratio compares our losses and loss adjustment expenses incurred, net of reinsurance, to our net premiums earned, and indicates how much we expect to pay policyholders for claims and related settlement expenses compared to the amount of premiums we earn. The loss ratio uses all losses and loss adjustmen...
92
10K
4210
235
Because the interest rate is maintained at a very low level in the recent years, the company purchased publicly traded equity securities with high dividend yield since 2008 for long term investment purpose. As of December 31, 2010, the market value of the equity securities was $340,401. It decreased by $28,959 as compa...
88
10K
LloydsBankingGroupPLC-AR_2020
3,701
Trading book VaR (1-day 99 per cent) is compared daily against both hypothetical and actual profit and loss. The 1-day 99 per cent VaR charts for Lloyds Bank Group and Lloyds Bank Corporate Markets can be found in the Group’s Pillar 3 Report.
43
annual_report
HannoverRueckSE-AR_2019
1,014
Negative screening Ongoing: Half-yearly negative screening of our fixed-income securities (government and semi-government bonds, corporate bonds and covered bonds) as well as listed equities
24
annual_report
Sampoplc-AR_2001
1,729
On ordinary activities Tax for the financial year –392 –438 Tax from previous periods –5 1 Deferred tax –1 8
20
annual_report
555
282
The liability for losses and loss expenses decreased by $21,028,000 in 1996, $12,536,000 in 1995 and $7,748,000 in 1994, for claims that had occurred in prior years. These decreases have resulted primarily from moderating trends in the frequency and severity of losses and loss expenses due to lower inflation. This alon...
99
10K
NatwestGroupPLC-AR_2013
5,195
25 Non-controlling interests Direct Line Insurance ABN Other Group plc AMRO interests* Total* £m £m £m £m
17
annual_report
NatixisSA-AR_2018
10,096
FINANCIAL DATA Parent company financial statements and notes 431Natixis Registration Document 2018
12
annual_report
NatixisSA-AR_2015
1,005
2 CORPORATE GOVERNANCEAdditional information on the corporate offi cers’ positions Didier Patault - term of offi ce ended 05.19.2015 Chairman of the Management Board of Caisse d’Epargne Ile-de-France
28
annual_report
ScorSE-AR_2020
954
Changes in the composition of the Board of Directors during the year The following table presents the changes in the composition of the Board of Directors that took place during the year: Name First appointed Renewal Departure Gender Nationality Reason of the change
43
annual_report
2983
1,076
Since case and non-specific reserves are based on estimates, there can be no assurance that the ultimate liability will not differ from such estimates. The Company will continue, on an ongoing basis, to monitor these reserves and may periodically adjust such reserves, upward or downward, based on the Company’s actual l...
61
10K
PosteItalianeSpA-AR_2020
9,031
There are no non-current assets held for sale or discontinued operations at the reporting date.
15
annual_report
gb_prudential-AR_2017
3,311
* The 2016 comparative results have been re‑presented from those previously published following reassessment of the Group’s operating segments as described in note B1.3. † The revenue for UK and Europe asset management of £1,087 million (2016: £956 million), comprising the amounts for asset management fee income, other...
51
annual_report
3426
1,205
We regularly evaluate the appropriateness of these premium estimates based on the latest information available, which includes actual reported premium to date, the latest premium estimates as provided by cedants and brokers, historical experience, management’s professional judgment, information obtained during the unde...
86
10K
4652
1,805
Net realized losses on equity securities were $120 million in 2011, including other-than-temporary impairments of $94 million and net trading losses on sales of equity securities of $26 million. Net trading losses in 2011 were primarily due to public equity sales within our International Insurance operations. Net reali...
118
10K
HelvetiaHoldingAG-AR_2011
103
(from 2011 Shareholders‘ Meeting) Jean-René Fournier lic. oec. publ. from the University of Freiburg Swiss, Sion, 1957
17
annual_report
5026
840
Adjusted pretax operating income (loss) adjusts GAAP pretax income (loss) from continuing operations to remove the effects of net gains (losses) on investments and other financial instruments, acquisition-related expenses, amortization and impairment of intangible assets and net impairment losses recognized in earnings...
86
10K
AegonNV-AR_2007
3,809
Impairment reversals on fi nancial assets, excluding receivables 1 (64) (118) (160)
12
annual_report
NatixisSA-AR_2020
2,903
Containing the economic effects of the COVID-19 pandemic and supporting the smooth operation of the market required central bank intervention.
20
annual_report
NatixisSA-AR_2002
3,378
(1) The perpetual subordinated loan was granted to CDC IXIS Capital Markets by Caisse des dépôts et consignations on 1/9/1996 (CDC IXIS then replaced CDC retroactively on 1 January 2000). CDC IXIS Capital Markets has the option to reimburse all or part of the loan, providing that prior agreement is received from the ge...
96
annual_report
4199
1,010
(2) As assigned by S&P. In the absence of an S&P rating, we used the lower rating established by either Moody’s or Fitch.
23
10K
SwissReAG-AR_2014
3,346
With respect to a maximum of CHF 3 500 000 through the issuance of up to 35 000 000 registered shares, payable in full, each with a nominal value of CHF 0.10, out of the total amount of authorised capital referred to above, the Board of Directors may exclude or restrict the subscription rights of the existing sharehold...
147
annual_report
HannoverRueckSE-AR_2019
3,754
B es tä ti g u n g sv er m er k other German professional responsibilities in accordance with these requirements. In addition, in accordance with Article 10 (2) point (f) of the EU Audit Regulation, we declare that we have not provided non-audit services prohibited under Article 5 (1) of the EU Audit Regulation. We bel...
88
annual_report
3583
1,053
While calendar year loss ratios are useful in measuring our profitability, we believe that accident year loss ratios are more useful in evaluating our underwriting performance for any particular year because an accident year loss ratio better matches premium and loss information. Furthermore, accident year loss ratios ...
107
10K
ScorSE-AR_2018
3,903
The execution of this implementation was subject to certain standard regulatory approvals which have been obtained before the end of 2018. The TCJA implications including the implementation of the new business structure resulted in an expense of USD 81 million (EUR 68 million) which has been recognized in SCOR’s 2018 r...
51
annual_report
4443
1,438
Total OTTIs to be presented in the Consolidated Statements of Operations with an offset recognized in AOCI for the noncredit related impairments;
22
10K
3722
1,198
As of December 31, 2008 and 2007, $8.8 million and $8.2 million, respectively, of securities were on deposit with various state government insurance departments in order to comply with relevant insurance regulations.
32
10K
4867
992
products. Profitability also depends on, among other items, our actuarial and policyholder behavior experience on insurance and annuity products and our ability to attract and retain customer assets, generate and maintain favorable investment results, effectively deploy capital and utilize our tax capacity, and manage ...
45
10K
4240
859
As part of our structured finance and international insurance activities, MBIA Corp. typically provided guarantees on senior and mezzanine tranches of CDOs, as well as protection on structured pools of CMBS and corporate securities, and CDS referencing such securities. The following discussion, including reported amoun...
57
10K
70
603
The tax effects of temporary differences that give rise to significant portions of the Company's net deferred federal tax asset (included in "Other assets" in the consolidated balance sheet) from continuing operations were as follows:
35
10K
SwissReAG-AR_2010
1,642
Basis of presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (US GAAP) and comply with Swiss law. All significant inter-company transactions and balances have been eliminated on consolidation.
42
annual_report
2885
464
We are directly liable for losses and loss adjustment expenses under the terms of the insurance policies that we write. In many cases, several years may lapse between the occurrence of an insured loss, the reporting of the loss to us, and our payment of that loss. We reflect our liability for the ultimate payment of al...
81
10K
1369
302
Pursuant to an agreement among the Company, one of the non-affiliated underwriters of the insurance policies administered by the Company and its managing agent, a specified amount is required to be deposited into an escrow account for each contract sold by the Company and underwritten by such insurer. These funds held ...
174
10K
4263
323
The Company manages its exposure to catastrophes and other natural disasters through a combination of geographical diversification, restrictions on the amount and location of new business production in certain regions, and reinsurance. To limit its exposures to catastrophic events, the Company maintains various primary...
134
10K
INGGroepNV-AR_2013
392
MANAGING CHANGES The essence of risk management is the power to limit the impact of unfavourable events, being either expected or unexpected. Within ING Bank we continuously challenge understanding, measurement, and management of risk using advanced technology and common sense in a manner that supports our strategy and...
68
annual_report
nl_ing_grp-AR_2017
1,868
− designated as at fair value through profit or loss 4,242 5,099
12
annual_report
2300
1,304
The financial condition and near-term prospects of the issuer. The issuer may be experiencing depressed and declining earnings relative to competitors, erosion of market share, deteriorating financial position, lowered dividend payments, declines in securities ratings, bankruptcy, and financial statement reports that i...
77
10K
NatixisSA-AR_2014
5,875
Shares in unrealized or deferred gains/(losses) of associates, net of tax 13 830
13
annual_report
4215
740
Valuing our investment portfolio involves a variety of assumptions and estimates, particularly for investments that are not actively traded. We rely on external pricing sources for highly liquid, publicly traded securities and use an internal pricing matrix developed by our outside investment advisors for less frequent...
77
10K
AegonNV-AR_2005
2,238
SARs/options number granted1 20051 20051 in EUR1 Exercise period 1Adjusted for the share split in 2000. 2Weighted average exercise price of the outstanding share options in USD calculated at the closing rate. 3Number of share options granted in 2005 amounted to 5,965,560 (2004: 364,400; 2003: 438,200; 2002: 263,100).
48
annual_report
nl_ing_grp-AR_2012
889
ING U.S.’s broad presence in the market positions it well for the future. It has leading positions with its Retirement Solutions and Insurance Solutions businesses and a prominent Investment Management business with top-tier investment performance across 52 ING Group Annual Report 2012
42
annual_report
1546
325
During the first quarter 2000, the Company acquired Polaris Financial Services and Polaris Advisory Services, collectively referred to as Polaris. Polaris's operations consist of financial planning and broker/dealer services. The purchase price was $9, including cash and assumed liabilities, and was accounted for under...
60
10K
BaloiseHoldingLtd-AR_2013
1,051
Depreciation, amortisation and impairment of property, plant and equipment and of intangible assets
13
annual_report
DirectLineInsuranceGroupPLC-AR_2017
2,203
• product concentration risk – the Group’s business is heavily concentrated in the UK general insurance market. However, the Group offers a diversified portfolio of products and a variety of brands sold through a range of distribution channels to its customers; and
42
annual_report
5051
894
The New York State Department of Financial Services imposes risk-based capital requirements on insurance companies to ensure that insurance companies maintain appropriate levels of surplus to support their overall business operations and to protect customers against adverse developments, after taking into account defau...
86
10K
2870
1,198
At December 31, 2005, funds withheld at interest were in respect of seven contracts with five ceding companies. At December 31, 2004, funds withheld at interest were in respect of seven contracts with four ceding
35
10K
5908
1,281
For Twelve Months 2020, net cash provided by operating activities totaled $1.34 billion; net cash used in investing activities totaled $735.2 million; and net cash used in financing activities totaled $264.8 million. We had $2.23 billion in cash and cash equivalents as of December 31, 2020. Please see “ - Liquidity and...
58
10K
1000
585
Individual life insurance premiums, on a direct basis, increased $148.0 million in 1997 from 1996 premiums of $495.0 million. This trend reflects CNA's strong market presence in this product line.
30
10K
2425
1,156
Select Accounts’ 2004 premium volume of $2.56 billion increased $508 million, or 25%, over 2003, reflecting the impact of the merger. Overall retention rates were strong and renewal price increases moderated to the mid single-digits. Retention and growth were strongest in smaller, high transaction volume accounts, refl...
60
10K
BeazleyPLC-AR_2017
2,293
Rate change The percentage change in premium income we are charging relative to the level of risk on renewals.
19
annual_report
AegonNV-AR_2015
1,820
of the local RBC Company Action Level (CAL) as the SCR
11
annual_report
NatwestGroupPLC-AR_2019
2,467
(3) Total assets encumbered as a result of transactions with counterparties other than central banks are those that have been pledged to provide security and are therefore not available to secure funding or to meet other collateral needs.
38
annual_report
StandardLifeAberdeenPLC-AR_2011
1,222
The movement in insurance contract liabilities, participating investment contract liabilities and reinsurance contracts during the year was as follows: Participating insurance contract liabilities
23
annual_report
3540
1,001
In 2008, the Internal Revenue Service is expected to complete its audit of tax years 2003 and 2004 and commence its audit of tax years 2005 and 2006 in respect of the Fairfax Group companies. Income tax returns filed with various state and foreign jurisdictions remain open to examination in accordance with the statutes...
58
10K
4389
1,264
As a result of MUSIC’s limited premium writings and loss experience, its loss and LAE expenses incurred to date primarily represent IBNR. Current year losses incurred by MUSIC during 2011 also reflect $3.5 million of net losses resulting from U.S. storms occurring in 2011. The favorable prior year loss reserve developm...
77
10K
NatixisSA-AR_2017
6,612
The mandate of Deloitte & Associés was renewed by the shareholders at the General Shareholders’ Meeting of May 2016, for a term of six years ending as of the General Shareholders’ Meeting called to approve the 2021 financial statements.
39
annual_report
fr_axa-AR_1999
614
products. The Belgian Life Insurance Group is ranked third in the Belgian life insurance market with a 10.9%
18
annual_report
1232
918
Extraordinary expenses of $11.7 million, net of tax, for 1998 were comprised of direct non-recurring costs specifically related to our reorganization. These costs primarily consist of fees of our financial, legal, actuarial, and accounting advisors.
35
10K
RaiffeisenBankInternationalAG-AR_2011
916
Other results for the Southeastern Europe segment fell year-on-year by € 9 million to minus € 10 million. Net income from fi nancial investments was down from € 10 million to minus € 5 million due to disposal and valuation losses on government bonds in Romania as well as corporate bonds in Croatia. The deconsolidation ...
79
annual_report
473
310
The Company participates in a qualified, noncontributory defined benefit pension plan sponsored by Travelers Group covering the majority of Travelers Group's U.S. employees. Benefits for the qualified plan are based on an account balance formula. Under this formula, each employee's accrued benefit can be expressed as a...
93
10K
4663
1,343
Reinsurance premiums, commissions, expense reimbursements, benefits, and reserves related to reinsured long-duration contracts are accounted for over the life of the underlying reinsured contracts using assumptions consistent with those used to account for the underlying contracts. The cost of reinsurance related to sh...
63
10K
gb_prudential-AR_2018
484
In October 2018, Jackson announced a new distribution relationship with State Farm®. In the second half of 2019, authorised State Farm agents will begin offering a select group of Jackson’s variable annuity and fixed index annuity products. While Jackson currently maintains one of the largest sales teams in the industr...
66
annual_report
4609
870
The preparation of financial statements in conformity with GAAP requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during t...
61
10K
gb_prudential-AR_2003
472
Employee education is provided across our Asian markets through PRUuniversity, which is available to all staff and is offered in 12 languages. Programmes are centrally credited and many are endorsed by external learning institutions.
34
annual_report
5871
681
The loss ratio applicable to the year ended December 31, 2020 (losses and loss adjustment expenses incurred related to net premiums earned) was 61.0% compared with 49.7% for the year ended December 31, 2019. The increase was primarily due to a change in the mix of business and losses related to Hurricane Sally and Trop...
57
10K
HelvetiaHoldingAG-AR_2014
2,029
Items included in the financial statements of such entities that do not have the Swiss franc as their functional currency were translated using the applicable closing rate. Items in the income statement are translated at the average exchange rates for the reporting period. The resulting translation differences are reco...
98
annual_report
HiscoxLtd-AR_2005
88
London Market – Syndicate 33�� Regional – Syndicate 33�� Regional – Hiscox Insurance Company *
15
annual_report
1166
276
The Redeemable Convertible Preferred Stock (the Preferred Stock ) has a liquidation preference of $10.00 per share and is convertible at any time, unless previously redeemed, into shares of common stock at the rate of 1.482 shares of common stock for each share of Preferred Stock (equivalent to a conversion price of $6...
74
10K
NatixisSA-AR_2007
7,052
Central banks and post offi ces 4 (33) (29) 4 (39) (34)
12
annual_report
StorebrandASA-AR_2016
1,888
The discount rate that is used is based on a swap interest rate (mid swap) with a maturity that corresponds to the remaining lock-in period for the underlying loans. The market spread that is used on the date of the balance sheet is determined by assessing the market conditions, market price and the associated swap int...
121
annual_report
Sampoplc-AR_2004
298
He was appointed member of the Board of Directors of Sampo plc on 7 April, 2004
16
annual_report
2909
6,494
Realized capital gains and losses include gains and losses on investment dispositions, write-downs in value due to other than temporary declines in fair value and changes in the fair value of certain derivatives. Dispositions include sales, losses recognized in anticipation of dispositions and other transactions such a...
65
10K
3264
765
factors that contribute to market price changes. A summary of these risks and specific analysis on changes is included in
20
10K
1226
159
The information required by Item 6 is incorporated herein by reference to the section entitled "Six Year Financial Summary" on page 23 of the Company's 1999 Annual Report to Shareholders.
30
10K
SwissReAG-AR_2017
2,353
The guidelines define target ownership by role and the ownership levels required are: ̤ Group CEO – 3 × annual base salary;
22
annual_report
AvivaPLC-AR_2012
3,591
Total defined benefit schemes (note 10b) 19 58 UK defined contribution schemes 91 75 Overseas defined contribution schemes 11 11
20
annual_report
NatwestGroupPLC-AR_2019
3,809
Significant judgement is required when setting the criteria for bonds to be included in the basket of bonds that is used to determine the discount rate used in the IAS 19 valuations. The criteria include issue size, quality of pricing and the exclusion of outliers. Judgement is also required in determining the shape of...
77
annual_report