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1710
738
Common shareholders' equity $ 1,075,024 $ 700,818 Series A preference shares 150,000 - -------------------------------------------------------------------------------- Total shareholders' equity 1,225,024 700,818
19
10K
SwissReAG-AR_2017
3,277
Derivative equity contracts 341 283 OTC equity option referencing correlated equity indices 341 283 Proprietary Option Model Correlation –45%–100% (27.5%)1
20
annual_report
2906
1,555
In 2005, TSI acquired approximately $1.0 million of telephone equipment and services for the operation of the Medicare business call center.
21
10K
ASRNederlandNV-AR_2018
2,593
Changes in value of investments, realised/unrealised gains and losses: - Fair value gains and losses 46 65
17
annual_report
AvivaPLC-AR_2006
2,320
Arising in the year: Fair value gains/(losses) – 32 (65) (19) – (52) Fair value losses transferred to profit – – 411 – – 411 Share of fair value changes in joint ventures and associates taken to equity – 2 – – – 2 Impairment losses on revalued assets – – (45) – – (45) Reserves credit for equity compensation plans (note...
103
annual_report
5860
1,620
The Company leases certain facilities and equipment under non-cancelable lease agreements that expire at various dates through 2025, which are generally renewed or replaced by similar leases. The lease agreements do not contain any material restrictive covenants, do not contain any conditions of residual value guarante...
87
10K
4404
1,722
· our intent to sell or more likely than not be required to sell (debt securities); and
17
10K
LloydsBankingGroupPLC-AR_2011
1,514
effects of liability management, volatile items and asset sales (677) (144)
11
annual_report
HannoverRueckSE-AR_2017
3,010
Audits and costs of publishing the annual financial statements 7,574 (223) 7,351 – 150 7,752 6,170 101 (18) 8,964
19
annual_report
1633
816
A significant portion of our revenue is related to healthcare insurance and reinsurance products that are subject to the effects of the underlying inflation of healthcare costs. Such inflation in the costs of healthcare tends to generate increases in premiums for medical stop-loss coverage, resulting in greater revenue...
199
10K
NatixisSA-AR_2016
5,661
For buildings used in the business and investment property, the following components and depreciation periods have been identified: Component Depreciation period
21
annual_report
4598
893
Commissions and the deferral of acquisition costs were both higher in 2011 compared to 2010 due primarily to an increase in costs related to growth in new business premium. The amortization of deferred acquisition costs was higher due to an increase in the level of the deferred asset. The other expense ratio was lower ...
72
10K
AegonNV-AR_2019
5,476
Impairment charges / (reversals) on non- financial assets and receivables (2) 3 - - 2 - - - - -
20
annual_report
DirectLineInsuranceGroupPLC-AR_2017
1,391
Notes: 1. Based on actual vesting under the 2010, 2011 and 2012 RBS Group LTIP. The value included in the single figures in respect of these awards is £205,000 2. The 2017 single figure reflects the estimated vesting of the RoTE portion of the LTIP granted in March and August 2015. Any shares under the LTIP granted in ...
99
annual_report
4032
1,735
with administering the claims process. We maintain an extensive database of claim payment history and use models, based on a variety of loan characteristics, including the status of the loan as reported by its servicer and the type of loan product to determine the likelihood that a default will reach claim status. We a...
147
10K
NatixisSA-AR_2012
1,199
Natixis’ service operations are predominately located in urban environments and do not have a direct material impact on the natural environment. That said, prevention measures have been taken to avoid any accidental water or air pollution. These include regular maintenance of sensitive systems and reinforced leakproofi...
52
annual_report
RSAInsuranceGroupPLC-AR_2008
758
George Culmer 1,3 Deferred Share awards 128,938 – 128,938 – – 128,938 08.04.08 Matching Share awards 386,814 – 386,814 – – 386,814 08.04.08 Andy Haste 1,3 Deferred Share awards 462,182 – 265,136 197,046 – 265,136 08.04.08
36
annual_report
158
219
AIG maintains a provision for estimated unrecoverable reinsurance and has been largely successful in its previous recovery efforts. At December 31, 1995, AIG had allowances for unrecoverable reinsurance approximating $125 million. At that date, and prior to this allowance, AIG had no significant reinsurance recoverable...
67
10K
fr_axa-AR_2003
1,945
On January 23, 2004, AXA concluded with BBVA Group an agreement under which AXA will acquire the 50% stake of BBVA in its subsidiary Hilo Direct Seguros y Reaseguros S.A. (“Direct Seguros”). After this transaction, AXA will hold 100% of Direct Seguros. The purchase price will amount to €49 million. The transaction is s...
65
annual_report
5193
1,306
At June 30, 2016, the Company owned 61.0% of the outstanding units of 1347 Investors. Because the Company owned more than 50% of the outstanding units, 1347 Investors was included in the consolidated financial statements of the Company. 1347 Investors had an investment in the common stock and private units of 1347 Capi...
124
10K
fr_axa-AR_2014
5,608
Life & Savings: AXA’s Life & Savings products include a broad range of Investment & Savings products as well as
20
annual_report
3676
1,450
On August 28, 2008, a former employee of the Company (the “Plaintiff”) filed a national class action complaint in the Seventeenth Judicial Circuit of Florida, Broward County, case no. 062008 CA 042798 XXX CE, alleging that the Company breached a contract with employees by failing to provide certain commissions and/or b...
163
10K
4115
1,329
* Total QSPEs represent 6.1% of total debt and perpetual securities in 2009 and 6.4% in 2008.
17
10K
2199
1,012
Actual results may differ from projections or estimates due to a variety of important factors. Our results of operations and projections of future earnings depend in large part on accurately predicting and effectively managing health benefits and other operating expenses. A variety of factors, including competition, ch...
211
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2003
523
What does this imply for agriculture? The prospects of achieving higher yields are constantly increasing, thanks to improved agricultural methods and more productive crop strains, but these yields are tending to fluctuate strongly because of weather extremes. The summer of 2003 was an example of this: European farmers ...
114
annual_report
5491
8,077
(c) The balance sheet exposures for equity contracts and variable annuity and other embedded derivatives are also reflected under “Interest rate sensitive liabilities” above, and are not additive.
28
10K
AegonNV-AR_2015
3,164
RMBSs, CMBSs and ABSs are disclosed in the sections that describe per category of debt securities the composition and impairment assessments. The composition of the RMBSs, CMBSs and ABSs portfolios of Aegon are widely dispersed looking at the individual amount per entity, therefore Aegon only has non-controlling intere...
61
annual_report
3618
1,384
G&A costs increased by $110.2 million, or 9%, for the year ended December 31, 2007 as compared to the same period in 2006. The increase in costs was primarily driven by a $105.3 million charge for attorney’s fees and regulatory fines related to the litigation and regulatory-related matters and arbitration settlement (s...
97
10K
2824
582
Additional hurricane-related losses may be recorded in future periods as claims are received from insureds and claims to reinsurers are processed. Reinsurance recoveries are dependent on the continued creditworthiness of the reinsurers, which may be affected by their other reinsured losses in connection with Hurricanes...
166
10K
5116
1,185
The Company earns revenues principally from insurance premiums; mortality and expense and asset administration fees from insurance and investment products; and investment of general account and other funds. The Company earns premiums primarily from the sale of individual life insurance and annuity products. The Company...
116
10K
PhoenixGroupHoldingsPLC-AR_2009
517
Our Customer Services teams are focused on establishing and maintaining appropriate standards of service provided by our outsource partners. These standards are contracted through a sophisticated structure of service level agreements and monitored through regular reporting and key performance indicators which report to...
66
annual_report
PowszechnyZakladUbezpieczenSA-AR_2016
992
in the scope of property and life insurance; • development of sales of individual protection life insurance.
17
annual_report
4451
608
On December 30, 2010, AAIC issued a dividend in-kind to the Company of all the capital securities issued by AssuranceAmerica Capital Trust in the amount of $1,001,089 and the Company extinguished the related junior subordinated debentures of $4,988,513, which resulted in a gain of $3,509,845. On March 10, 2009, AAIC pu...
111
10K
4290
1,750
At December 31, 2008, management had estimated that future payments from PIP litigation from AutoOne business would be approximately $8 million. During 2009, the legal expenses related to this litigation were higher than expected. As a result, management increased estimates of all accident years for AutoOne. The total ...
54
10K
5706
1,367
(1) The gross amount of recognized derivative and reverse repurchase agreement assets are reported with other investments and cash and cash equivalents, respectively, on the consolidated statements of financial position. The above excludes $6.0 million and $7.7 million of derivative assets as of December 31, 2019 and D...
87
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2018
525
Business performance Board of Management’s overall assessment of the business performance and situation of the Group
16
annual_report
2889
1,701
Diamond Offshore receives reimbursements for the purchase of supplies, equipment, personnel services and other services provided at the request of its customers in accordance with a contract or agreement. Diamond Offshore records these reimbursements at the gross amount billed to their customers.
42
10K
Sampoplc-AR_2013
1,299
In accounting the major part of the technical provisions is nominal, whereas a still significant part, being the annuity and so called annuity IBNR reserves, are discounted with interest rates in accordance with regulatory rules. Thereby If P&C is, from an accounting perspective, mainly exposed to changes in inflation ...
105
annual_report
5928
2,269
As of December 31, 2020 and 2019, Voya Financial, Inc. held deferred tax assets related to loss and credit carryforwards, some of which have not been realized by its subsidiaries but have been reimbursed to the subsidiaries by Voya Financial, Inc. pursuant to the intercompany tax sharing agreement. The total deferred t...
68
10K
5797
2,582
As of December 31, 2019, the Company had unfunded commitments of $8.4 million relating to term loans and $26.4 million relating to equities within its investment portfolios. As of December 31, 2018, the Company had unfunded commitments of $2.9 million relating to equities within its investment portfolios.
47
10K
4352
465
Potential Reserve Estimate Variability. Given the nature of our business (catastrophe-exposed personal property coverage), the methods employed by actuaries include a range of estimated unpaid losses reflecting a level of uncertainty. The range of estimated ultimate losses is typically smaller for older, more mature ac...
88
10K
4105
1,203
There are no other individual issuers rated below investment grade in this sector which have an unrealized loss position greater than $2.5 million.
23
10K
HelvetiaHoldingAG-AR_2012
1,061
The remaining gains – either through profit or loss or with no impact on the results – that relate to contracts with a discretionary participation feature (i.e. every share for which no legal or contractual obligations exist) are recorded under “Valuation reserves for contracts with participation features” within equit...
75
annual_report
HannoverRueckSE-AR_2012
64
The unrealised gains and losses recognised in the statement of income – amounting on balance to EUR 89 million – also made a positive contribution to the very healthy investment income. This derived principally from changes in the fair values of the aforementioned ModCo derivatives and the performance of our inflation ...
77
annual_report
RSAInsuranceGroupPLC-AR_2018
1,302
Through the annual Board evaluation process, the Board has confi rmed it has the appropriate balance of skills, experience, independence and knowledge to enable it and its committees to discharge their duties and responsibilities effectively, and continues to work towards achieving external diversity recommendations.
44
annual_report
1599
251
The Company commenced the sale of its extended warranty/service contract products over the Internet in the last quarter of 1999, initially for new and used automobiles. The sale of extended warranties and service contracts via the Internet generated gross revenues of $124,000 in fiscal 2000 (1999: $11,000) of which $27...
99
10K
5550
1,110
The Company has reclassified the presentation of certain prior year information to conform to the current presentation. Such reclassifications had no effect on the Company’s net income, shareholders’ equity or cash flows. Tabular amounts are in U.S. Dollars in thousands, except share amounts, unless otherwise noted.
46
10K
RSAInsuranceGroupPLC-AR_2020
339
From an operational perspective, RSA was able to adjust well to substantially all employees working from home. While there were some areas of service slippage, in general business remained largely as usual. We prioritised health and welfare of our staff and did not take part in government furlough programmes in any of ...
54
annual_report
5295
1,919
FIA and indexed universal life insurance contracts allow the policyholder to elect a fixed interest rate return or an equity market component where interest credited is based on the performance of common stock market indices. The equity market option is an embedded derivative, similar to a call option. The benefit rese...
262
10K
fr_axa-AR_2016
459
Asset Management segment consolidated gross revenues for the year ended December 31, 2016 (2015: €2,580 million or 68%).
18
annual_report
AegonNV-AR_2019
1,724
Based on these criteria the current peer group consists of the following 12 European Insurance companies: Ageas,
17
annual_report
fr_axa-AR_2016
817
Non-Motor revenues increased by 4% (or €+274 million) mainly driven by tariff increases across the board, as well as higher volumes and a positive product mix impact: ■ France (+4%) mainly driven by higher revenues from assumed business and tariff increases in Household and Property; ■ the United Kingdom & Ireland (+5%...
105
annual_report
5816
451
As of December 31, 2020 and 2019, there were twenty and thirty securities, respectively, in an unrealized loss position which primarily included certain of the Company’s investments in fixed maturities within the financial services, other diversified business and other diversified consumer sectors. The decrease in the ...
170
10K
fr_axa-AR_2010
644
AllianceBernstein and AXA Investment Managers. These companies manage assets on behalf of institutional clients, retail investors and private clients, as well as on behalf of companies affi liated with AXA and operate in each of AXA’s major markets: Western Europe, the United States and the Asia / Pacifi c
49
annual_report
PowszechnyZakladUbezpieczenSA-AR_2020
795
In order to create the appropriate business environment and attain these targets, the area of client interactions was redefined from scratch. This entailed an alteration to the philosophy of how the overall Group operates. Distinct business units came under the umbrella of an a single integrated system, based on innova...
59
annual_report
INGGroepNV-AR_2017
259
Human capital Opportunities: Diversity within companies attracts talent, helps to understand customers better, increases engagement and supports sound business decisions. It is also linked to better financial performance.
28
annual_report
StandardLifeAberdeenPLC-AR_2011
1,474
EEV operating profit before tax for covered business is calculated using the expected long-term investment return which is based on opening economic assumptions. Investment variances, the effect of economic assumption changes and other EEV non-operating items are excluded from EEV operating profit and are reported as p...
51
annual_report
1948
812
Property and equipment are carried at cost, less accumulated depreciation. Significant renewals and betterments to property and equipment are capitalized, and maintenance and repairs that do not improve or extend the lives of the assets are expensed as incurred. Depreciation is computed using the straight-line method o...
76
10K
nl_ing_grp-AR_2015
5,035
In connection with the sale of ING Direct USA, ING reached an agreement with the Dutch State to adjust the structure of the IABF. This adjustment served to de-link the IABF from ING Direct USA by putting ING Bank in its place as counterparty for the Dutch State and became effective at the closing of the sale in Februar...
98
annual_report
4605
1,104
U.S. GAAP prescribes a comprehensive model for how a company should recognize, measure, present, and disclose in its financial statements uncertain tax positions that a company has taken or expects to take on tax returns. The application of this guidance is a two-step process, the first step being recognition. We deter...
167
10K
NatwestGroupPLC-AR_2014
6,180
In October 2012, RBS confirmed that it was offering employees in the
12
annual_report
2890
577
Midland maintains defined benefit pension plans for a limited number of active participants. The defined benefit pension plans are not open to employees hired after March 31, 2000. The pension expense is calculated based upon a number of actuarial assumptions, including an expected long-term rate of return and a discou...
55
10K
NatixisSA-AR_2017
9,156
Natixis committed to maintaining at least a 12% representation rate of employees aged 55 and older in its workforce, and to hire at least 5% of employees aged 45 and older out of total annual hires.
36
annual_report
4440
2,179
This change in classification did not have an impact on the total value of investments available for sale on the balance sheet, nor did it impact the consolidated statements of income, comprehensive income, shareholders’ equity or cash flows. The only impact, other than the changes in the balance sheet line items, are ...
104
10K
fr_axa-AR_2008
2,321
• If the number of units acquired is less than 1,000, the amount corresponding to the value of these units is paid in cash to the beneficiary. If the number of units acquired is equal to or higher than 1,000, the beneficiary only receives 70% of the value in cash to allow him/her to pay social contributions and income ...
98
annual_report
4370
1,356
Chartis' net premiums written increased in 2011 compared to 2010 due to the Fuji acquisition, the improvement in foreign currency exchange rates, primarily in the Japanese Yen, and further growth in the strategic higher value lines of business. These increases were partially offset by the decline in Commercial Casualty...
109
10K
4215
734
Our loss severity is ultimately limited by the coverage percentage on individual loans but can increase slightly from the current elevated levels. We believe that a 5% increase or decrease in severity is possible based on potential changes in future economic conditions and past experience. Any aspect that would affect ...
154
10K
651
324
Incurred benefits and losses reinsured in 1997 were $5.2 million compared to $6.2 million in 1996 and $6.7 million in 1995. These amounts have been deducted in arriving at death and other benefits and the increase in future policy benefits in the Consolidated Statements of Operations.
46
10K
3260
591
Losses and loss expenses, the amortization of deferred policy acquisition costs and other operating expenses were higher by $2.6 million $784,000, and $396,000, respectively.
24
10K
HannoverRueckSE-AR_2011
3,701
ities (ILS) activities, Hannover Re has written a number of so­
11
annual_report
nl_ing_grp-AR_2016
5,865
Compliance risk Definition Compliance risk is defined as the risk of impairment of ING Bank’s integrity, leading to damage to ING’s reputation, legal or regulatory sanctions, or financial loss, due to a failure (or perceived failure) to comply with applicable laws, regulations and standards and the ING Values as part o...
96
annual_report
AssicurazioniGeneraliSpA-AR_2019
3,107
Unrealized gains and losses on available for sale financial assets -1,658 816
12
annual_report
SwissReAG-AR_2009
1,689
Liabilities for life and health policy benefits –494 –494 Accrued expenses and other liabilities –607 –58 –665 Total liabilities at fair value –1 023 –24 912 –18 410 33 615 –10 730 1 The netting of derivative receivables and derivative payables is permitted when a legally enforceable master netting agreement exists bet...
92
annual_report
fr_axa-AR_2009
4,962
These studies are carried out by all signifi cant insurance operating units.
12
annual_report
NatixisSA-AR_2008
1,286
Debt engineering ■ has an objective of developing debt products and balance-sheet solutions specifi cally adapted to Natixis’
18
annual_report
3878
3,384
The occurrence of a discrete credit event resulting in (i) the issuer defaulting on a material outstanding obligation; (ii) the issuer seeking protection from creditors under the bankruptcy laws or any similar laws intended for court supervised reorganization of insolvent enterprises; or (iii) the issuer proposing a vo...
76
10K
4705
657
Overall, our medical cost trend is driven by unit cost. Inpatient hospital trend is in the mid-to-high single digit range and is 80% cost driven and 20% utilization driven. While provider rate increases are a primary driver of unit cost trends, we continually negotiate with hospitals to manage these cost trends. We rem...
169
10K
1611
615
The 1993 Plan has a term of ten years. The Board of Directors may amend or terminate the 1993 Plan at any time, subject to approval of certain modifications to the 1993 Plan by the shareholders of the Company as may be required by law or the 1993 Plan.
49
10K
2281
3,458
As of December 31, 2003 and 2002, the maximum commitment contained in these agreements were $1.9 billion and $1.7 billion, respectively, and the maximum credit risk under recourse provisions
29
10K
fr_axa-AR_2012
4,816
At inception, the option to designate fi nancial investments and liabilities at fair value with change in fair value recognized through income statement is mainly used by the Group in the following circumstances: ■ fi nancial investments when electing the fair value option allows the Group to solve accounting mismatch,...
69
annual_report
AegonNV-AR_2014
2,792
time buckets falls below the designated amount of that bucket. Aegon applies fair value hedge accounting for portfolio hedges of interest rate risk (macro hedging) under the EU ‘carve out’ to mortgage loans. Changes in the fair value of the derivatives are recognized in the profit and loss account, together with the fa...
70
annual_report
4629
2,954
The Company has a limited number of remaining outstanding credit enhancement exposures, including written financial guarantee and credit default swap contracts. The obligations related to these transactions are often securitized through VIEs. The Company is not the primary beneficiary of these VIEs as contemplated in c...
117
10K
5194
385
Corporate, all other premium revenue is primarily derived from the non-DCP dental indemnity product, dental PPO product and vision product underwritten by third party insurance carriers. In the aggregate, corporate, all other premium revenue increased by approximately $88,000, or 12.9%, to $771,000 in 2016 from $683,00...
48
10K
AvivaPLC-AR_2017
525
• Delivered adjusted operating profit1,4 of £86 million (2016: £80 million).
11
annual_report
5460
1,959
For Prudential Insurance and other subsidiaries, the liabilities presented above primarily include annuity reserves and deposit liabilities and individual life insurance policy reserves. Individual life insurance policies may impose surrender charges and policyholders may be subject to a new underwriting process in ord...
143
10K
TrygAS-AR_2015
1,573
Key ratios Earnings per share (EPS) are calculated according to IAS 33. This and other key ratios are calculated in accordance with Recommendations and Ratios 2015 issued by the Danish Society of Financial Analysts and the Executive Order on Financial Reports for Insurance Companies and Multi-Employer Occupational Pens...
56
annual_report
5560
720
The favorable prior accident year loss reserve development in 2018, 2017 and 2016 reflects favorable loss emergence compared with loss emergence patterns assumed in earlier periods. The favorable prior accident year loss reserve development in 2018 did not impact assumptions used in estimating CapSpecialty’s loss and L...
53
10K
de_allianz-AR_2019
1,731
Income from financial assets and liabilities carried at fair value through income (net) 1 5
15
annual_report
HiscoxLtd-AR_2012
8
Profit before tax (m)Net asset value p per share Dividend p per share
13
annual_report
ScorSE-AR_2013
5,551
 CHF 315 million fixed rate perpetual subordinated notes issued in two pari-passu ranking placements on 10
17
annual_report
PhoenixGroupHoldingsPLC-AR_2009
386
The Company is exempt from tax in the Cayman Islands on any profits, income and gains for a period of 20 years from 15 January 2008. Consequently no tax was due from the Company in 2008 or 2009.
38
annual_report
HannoverRueckSE-AR_2018
2,161
HILSP Komplementär GmbH 3, Hannover / Germany 100.00 EUR 35 1
11
annual_report
Sampoplc-AR_2002
1,094
The number of shares used is 553,853,865. The amount includes the number of shares after the split on 20 April 2001, i.e. 555,584,965, to which 703,300 A shares subscribed in 2001 and 2002 under the warrant certificates of the 1998 option programme have been added and the 2,434,400 mother company shares owned by the Gr...
81
annual_report
StandardLifeAberdeenPLC-AR_2016
1,274
 The layout is clear and consistent and the language used is simple and easy to understand (industry specific terms are defined where appropriate)
24
annual_report
LloydsBankingGroupPLC-AR_2020
5,837
Movement in investments over the year: Establishment of joint venture — 208 — — — 208
16
annual_report
5651
463
Declines in the fair value of fixed maturity investments below cost are evaluated for other than temporary impairment losses. The evaluation for other than temporary impairment losses is a quantitative and qualitative process which is subject to risks and uncertainties in the determination of whether declines in the fa...
171
10K
5335
538
Summary of Operations: As shown in the above chart, net income was $550 million in 2016, compared with $527 million in 2015. Net income decreased in 2015 from $543 million in 2014. On a diluted per share basis, 2016 net income rose 8% to $4.49 after a 2% increase in 2015. Net income per diluted share in 2015 rose to $4...
128
10K
GjensidigeForsikringASA-AR_2011
923
In general, changes in framework conditions can affect Gjensidige’s operations. No new framework conditions have been adopted in 2011 of any material consequence to operations, but there are a number of initiatives that will have an impact over time. This applies in particular to Solvency II, the EU’s capital adequacy ...
257
annual_report
4196
685
Additionally, on May 27, 2010, we received approval from the Nevada Commissioner of Insurance to pay $150.0 million in extraordinary dividends from EICN special surplus. This $150.0 million extraordinary dividend was paid by EICN to EGI, and subsequently from EGI to EHI, on June 3, 2010. As a result of the payment of t...
78
10K
2793
353
Efforts surrounding provider re-contracting and more disease management programs will continue to enhance the Company's medical cost and market positions. These efforts are a key element in controlling healthcare costs for clients and members.
34
10K