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2022
1,294
Temporary declines in value of investments classified as available-for-sale are netted with unrealized gains and reported as a net amount in a separate component of stockholders’ equity. A decline in fair value below amortized cost that is judged to be other-than-temporary is accounted for as if it was a realized loss ...
75
10K
fr_axa-AR_2010
11,616
4) Authorize the Board of Directors to freely grant ordinary shares or securities giving an immediate or deferred claim to the Company’s share capital, provided that the total benefi t resulting from this grant (“abondement”) and/ or the discount may not exceed the applicable legal or regulatory limits.
48
annual_report
3085
1,151
The decision to sell PI Argentina was made with a view toward focusing our resources, executing in core strategic priorities and markets and meeting stockholders expectations. Changing market dynamics since the 2001 economic crisis in Argentina led us to conclude that the interests of our stockholders would best be ser...
56
10K
4570
484
We expect our average insurance in force to continue to decline in 2013 because our expected new insurance written levels are not expected to exceed our cancellation activity. We expect our premium yields (net premiums written or earned, expressed on an annual basis, divided by the average insurance in force) for 2013 ...
61
10K
AvivaPLC-AR_2004
2,166
In each sensitivity calculation, all other assumptions remain unchanged. 10% decrease in 10% decrease in maintenance 10% decrease in mortality/morbidity Embedded value (net of tax) As reported expenses lapse rates rates 2004 £m £m £m £m
36
annual_report
5319
2,405
The reconciliation of adjusted pretax operating income (loss) to consolidated pretax income from continuing operations is as follows:
18
10K
3759
484
However, these potential benefits may be offset in whole or in part by potential changes in the
17
10K
RSAInsuranceGroupPLC-AR_2010
2,030
The Group designates investments in equity and debt securities in accordance with its investment strategy on the basis on which the investment return is managed and the performance is evaluated internally. Where the investment return is managed on the basis of the periodic cashflows arising from the investment, a finan...
76
annual_report
5078
787
In June 2007, First Acceptance Statutory Trust I (“FAST I”), a wholly-owned unconsolidated subsidiary trust of the Company, issued 40,000 shares of preferred securities at $1,000 per share to outside investors and 1,240 shares of common securities to the Company, also at $1,000 per share. FAST I used the proceeds from ...
163
10K
gb_prudential-AR_2017
4,017
www.prudential.co.uk Annual Report 2017 Prudential plc 231 01 G roup overview 02 Strategic report 03 G
16
annual_report
5426
1,014
In conjunction with the FNFV Split-Off, FNTIC, Chicago Title, and Commonwealth Title contributed an aggregate of $100 million to Cannae in exchange for 5,706,134 shares of Cannae common stock. As of December 31, 2017, we own approximately 8.1% of Cannae's outstanding common equity. In addition we issued to Cannae a rev...
127
10K
115
334
Interest expense increased in 1994 to $3,795,000 from $2,348,000 in 1993. This increase resulted from the inclusion of a full year's interest expense for the $69,000,000 of Convertible Debentures issued on July 27, 1993. From 1992 to 1993, interest expense increased by $985,000 from $1,363,000 primarily as a result of ...
57
10K
RSAInsuranceGroupPLC-AR_2015
767
Solvency II came into force on 1 January 2016 and the Group’s Internal Model which calculates its regulatory capital requirements was approved by the PRA in December 2015. During the year, the Board received regular updates on the progress of the Group’s Internal Model development and application to the PRA for its app...
60
annual_report
fr_axa-AR_2004
279
Underlying investment margin decreased by €2 million to €61 million due to the decrease of the rate of return (-20 bps on an annual basis) while average credited rate was stable. As a consequence of the high production in products with lower guaranteed rates (Crest 30), the average guaranteed rate decreased by 34 bp on...
58
annual_report
NatixisSA-AR_2015
403
Finalization of the financial autonomy project and changes in the refinancing program
12
annual_report
4668
1,107
income or in two separate but consecutive statements in annual financial statements. The standard eliminates the option to present components of OCI as part of the statement of changes in stockholders’ equity. The Company adopted the two-statement approach for annual financial statements.
42
10K
NatwestGroupPLC-AR_2015
1,614
The first meeting of the US Risk Committee will take place during 2016. The Group Nominations Committee has been replaced by the
22
annual_report
HelvetiaHoldingAG-AR_2001
146
John Martin Manser, Riehen Member 1947 1993 2003 •• MBA; MoB Wander AG, MoB Ciba-Vision AG; Swiss
17
annual_report
1589
634
The following table sets forth the different levels of RBC that may trigger regulator involvement and the actions that may be triggered:
22
10K
TrygAS-AR_2008
511
Performance at a sustained high level in 2008 despite rising claims inflation
12
annual_report
1349
247
Denham Syndicate Management Limited was acquired by NAC during 1998 and it also provides underwriting and similar services to one corporate syndicate, whose capital is partially provided by the Company. This syndicate writes a specialized book of international business, concentrating on long-tail casualty and non-marin...
47
10K
SwissReAG-AR_2010
2,301
Australia Swiss Re Australia Ltd, Sydney 21 19 100 f Swiss Re Life & Health Australia Limited, Sydney 159 148 100 f
22
annual_report
5446
1,059
On January 1, 2016, the Company completed the transaction to acquire Globe Events Management, an insurance, retirement, and investment consulting business based in Australia.
24
10K
1879
244
(*) In accordance with Financial Accounting Standards Board Statement No. 113, Accounting and Reporting for Reinsurance of Short-Duration and Long-Duration Contracts, reinsurance recoverable on unpaid losses and loss adjustment expenses are reported for GAAP as assets rather than netted against the corresponding liabil...
50
10K
2796
7,818
All of the issued and outstanding series A preferred stock is $3 cumulative convertible and is convertible at any time into shares of common stock. The conversion rate is sixteen shares of common stock for each share of series A preferred stock, subject to adjustment for certain events. The series A preferred stock is ...
138
10K
4634
1,370
The consolidated financial statements include the accounts of Ambac and all other entities in which Ambac (directly or through its subsidiaries) has a controlling financial interest, including variable interest entities (“VIEs”) for which Ambac or an Ambac subsidiary is deemed the primary beneficiary in accordance with...
184
10K
ScorSE-AR_2010
3,974
The Chairman of the Committee may convene any individual likely to provide relevant information for a clear understanding of a given point; the presence and information provided by this individual being limited to the relevant items on the agenda. The Internal Regulations of SCOR’s Audit Committee, has been approved by...
72
annual_report
SwissLifeHoldingAG-AR_2014
228
Frank Schnewlin — Born 1951, Swiss national Vice Chairman of the Board of Directors bild Frank Schnewlin studied at the University of St. Gallen (lic. oec. HSG), the London School of Economics (Master of Science) and the Harvard Business School (MBA) before earning his doctorate in economics in 1983 at the University o...
81
annual_report
3908
2,300
Net loss from investment fund and operating affiliates for the year ended December 31, 2008 included losses totaling approximately $1.4 billion related to the closing of the Master Agreement as well as losses recorded throughout 2008 and up until the closing of the Master Agreement that were associated with previous re...
56
10K
DirectLineInsuranceGroupPLC-AR_2019
3,556
Registrars Computershare Investor Services Plc The Pavilions Bridgwater Road Bristol BS99 6ZZ
12
annual_report
fr_axa-AR_2010
1,972
On a constant exchange rate basis, investment margin increased by €36 million due to higher fi xed income yield and higher average asset base, as well as the restructuring of inter-company loans; ■ Fees & revenues increased by €188 million (+29%) to €840 million. On a constant exchange rate basis, fees & revenues incre...
86
annual_report
1695
796
For derivative instruments that were not designated as hedges, upon implementation of SFAS 133, we recorded a net-of-tax cumulative effect adjustment of $3.9 million in earnings to recognize these instruments at fair value. Gains and losses on derivatives that were previously deferred as adjustments to the carrying amo...
84
10K
121
326
Deferred income taxes reflect the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Components of the Company's deferred tax liabilities and assets as of December 31, 1994 and 1993 are as follows:
50
10K
4107
2,071
The following tables present additional information about investments measured at fair value on a recurring basis and for which we have utilized significant unobservable (Level 3) inputs to determine fair value as of or for the dates indicated:
38
10K
3865
2,361
In periods of declining equity markets or declining interest rates, the Company’s GMIB liabilities increase. Conversely, in periods of rising equity markets and rising interest rates, the Company’s liabilities for these benefits decrease.
33
10K
ASRNederlandNV-AR_2015
3,280
Investors KKV Dutch label for a customer oriented insurance KPI Key Performance Indicator LAT Liability Adequacy Test LTEO Long-Term Energy Storage LTGA Long-Term Guarantee Assessment MVI Socially Responsible Procurement and Business
31
annual_report
1911
361
with the result that the deposits collected are reported as liabilities and are not included in revenues.
17
10K
AegonNV-AR_2011
6,138
The Executive Board, subject to the approval of the Supervisory Board, shall make a proposal for that purpose. A proposal to pay a dividend shall be dealt with as a separate agenda item at the General Meeting of Shareholders.
39
annual_report
1650
419
The table below provides selected consolidated financial data of the Company. The information has been derived from the Company's consolidated financial statements for each of the years in the five year period ended December 31, 2001, which have been audited by Ernst & Young LLP. This selected consolidated financial da...
77
10K
NatwestGroupPLC-AR_2013
335
There were a number of changes to the Board’s composition during 2013, details of which can be found in the Chairman’s Statement on pages 22 and 23 and in the Corporate governance report on page 45.
36
annual_report
2013
1,188
Securities that have been triggered for the impairment review process may either be determined to be impaired or placed on a watchlist for monitoring. Should it be determined that a security is impaired, the Company may sell the security and realize a loss or hold the security following an appropriate adjustment in car...
114
10K
PhoenixGroupHoldingsPLC-AR_2014
1,496
Total equity attributable to owners of the parent 2,365 1,909 1,658
11
annual_report
StorebrandASA-AR_2017
4,383
The average duration of the leases has been calculated proportionately based on the value of the individulal properties.[42]
18
annual_report
SwissReAG-AR_2010
873
Price per share year-end 103.60 80.45 50.30 49.91 50.30 Price per share year high (intra-day) 108.50 119.40 93.95 53.10 53.75 Price per share year low (intra-day) 79.60 78.70 35.38 11.88 42.10 Daily trading volume (in CHF millions) 153 253 214 98 86 Market capitalisation5 (in CHF millions) 38 792 29 798 18 285 18 502 1...
127
annual_report
CNPAssurancesSA-AR_2011
485
is growing, with 1,300 contracts sold per month on average. Employee benefits solutions are sustaining their momentum thanks to contracts won with large corporations in 2010.
26
annual_report
4629
2,483
Covered Bonds were included within Corporate securities prior to January 1, 2012. Beginning in 2012, they were classified as Other asset-backed securities to align the Company’s classification to market indices. At December 31, 2011, Covered Bonds with a fair value of $353.9 million have been reclassified from Corporat...
58
10K
ch_zurich_insurance_group-AR_2012
3,231
Fin an cial info rm atio n 8. Reconciliation of IFRS shareholders’ equity to embedded value
16
annual_report
gb_prudential-AR_2012
5,065
Reduction in total net worth (164) (147) Increase in the value associated with new business 1,955 1,683
17
annual_report
3674
3,812
On an ongoing basis, the Company’s internal supervisory and control functions review the quality of sales, marketing and other customer interface procedures and practices and may recommend modifications or enhancements. From time to time, this review process results in the discovery of product administration, servicing...
90
10K
de_allianz-AR_2010
3,109
Investment advisory and Banking activities 563 (252) 311 512 (200) 312 596 (216) 380
14
annual_report
GjensidigeForsikringASA-AR_2017
2,003
Claims provisions for non-life and health insurance are discounted in Solvency II, while the claims provisions (except claims provisions for workers’ compensation product in Denmark and motor vehicle liability insurance in Sweden) are undiscounted in the accounting figures. All other assumptions for Solvency II purpose...
51
annual_report
3814
1,004
The following tables set forth the defined benefit plans’ funded status at December 31, 2008 and 2007 and total cost for each of the three years ended December 31, 2008 (in millions, except percentages):
34
10K
2557
789
Financial guarantee insurance companies use the expense ratio (expenses divided by net premiums earned) as a measure of expense management. The Company’s 2004 expense ratio of 22.0% is slightly below the 2003 ratio of 22.8% and the 2002 ratio of 23.5%. The decrease in the ratio from 2003 and 2002 is the result of an in...
60
10K
fr_axa-AR_2003
2,991
Following a review of the risks insured and the resulting additional technical reserves booked in 2000, the opening balance sheet of GRE was revised and, therefore, goodwill modified. At December 31, 2000, gross goodwill was €1,261 million, accumulated amortization was €505 million (of which €25 million 2000 amortizati...
69
annual_report
BaloiseHoldingLtd-AR_2017
562
STRATEGIC RISK MANAGEMENT The internal risk model, which uses standard methods to quantify all business risks and financial market risks, forms the basis for strategic discussions about Baloise’s risk appetite. The capital requirements derived from this model constitute minimum requirements for Baloise’s target capital...
44
annual_report
2628
917
Grants of 215,000 shares of restricted stock were awarded to employees and non-employee Directors in 2004. The weighted average price per share on the grant date was $12.21 per share.
30
10K
ScorSE-AR_2008
1,480
All entities "Retraite chapeau" Additional pension guarantying 20% to 50% of the last salary, based on seniority in the Group
20
annual_report
SwissReAG-AR_2018
793
Lines of business The Property combined ratio decreased to 99.9% in 2018, compared to 119.9% a year earlier. Both periods include a high loss burden, with 2017 impacted by events such as Cyclone Debbie, hurricanes Harvey, Irma and Maria in the Americas, two earthquakes in Mexico and wildfires in California.
50
annual_report
gb_prudential-AR_2012
1,894
Rob Devey 1 July 2009 12 months 12 months John Foley 8 December 2010 12 months 12 months Michael McLintock 21 November 2001 6 months 12 months Nic Nicandrou 26 April 2009 12 months 12 months Barry Stowe 18 October 2006 12 months 12 months Tidjane Thiam 20 September 2007 12 months 12 months Mike Wells note 15 October 20...
64
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2009
2,047
for the financial year 2010, capital transfers of €59m (64m) to plan assets are expected.
15
annual_report
5702
568
The property and casualty insurance business experienced $54.2 million of favorable development in our net reserves for prior accident years for the year ended December 31, 2018. The majority of favorable development came from four lines, workers' compensation with $27.0 million favorable development, reinsurance assum...
260
10K
2456
1,930
Letter from Anthem Insurance Companies, Inc. to L. Ben Lytle regarding retirement benefits, incorporated by reference to Exhibit 10.13 to the Company’s Registration Statement on Form S-1 (Registration No. 333-67714).
30
10K
3194
2,010
Personal Insurance. Net favorable prior year reserve development in 2004 was $378 million. In the homeowners line of business, the improvement was driven by a significant decrease in the number of claims, attributable to changes in the marketplace, including higher policy deductible levels and fewer small dollar claims...
124
10K
3433
472
Effective January 1, 2007, we changed our reporting structure. Our UK and Irish retail operations, Willis UK and Ireland, which were previously reported within our Global segment, are now reported with our previously existing international units as a single International segment which incorporates all our retail operat...
50
10K
HannoverRueckSE-AR_2010
1,584
Profit bonus Earnings per share (EPS), calculated on a rolling three-year average, x individual EPS basic amount (graduated according to area of responsibility and professional experience), capped to at most 1.5 times the average target EPS of the last three financial years
42
annual_report
5003
1,266
Holders of insured obligations of issuer-sponsored VIEs related to the Company’s international and structured finance insurance segment do not have recourse to the general assets of MBIA. In the event of nonpayment of an insured obligation issued by a consolidated VIE, the Company is obligated to pay principal and inte...
82
10K
Sampoplc-AR_2006
321
To be entitled to participate in the AGM, shareholders must be entered in the shareholder register maintained by Finnish Central Securities Depository Ltd (Suomen Arvopaperikeskus Oy) by 2 April, 2007. Asset managers must enter nominee-registered shareholders in the Sampo shareholder register created for the AGM by Fin...
51
annual_report
1040
461
a) Amounts due from/to affiliates are interest free and unsecured with no fixed terms of repayment.
16
10K
RSAInsuranceGroupPLC-AR_2019
3,609
Total claims payments made in the year net of salvage and other recoveries (5,196) (5,123)
15
annual_report
5883
827
Structured settlements have been negotiated for certain property and casualty insurance claims. Structured settlements are agreements to provide fixed periodic payments to claimants. CNA’s obligations for structured settlements not funded by annuities are included in claim and claim adjustment expense reserves and are ...
153
10K
5294
1,370
In April 2015, the FASB issued ASU 2015-05, Customer's Accounting for Fees Paid in a Cloud Computing Arrangement
18
10K
AvivaPLC-AR_2015
551
The quality of the service we provide to our customers is reflected in the number of awards we have received. Most notably, we were the Insurance Times Insurer of the Year in 2014 and 2015, and voted number one for underwriting and claims in both personal and commercial lines in the 2015 Insurance Age Sentiment Survey.
56
annual_report
4423
488
The Company purchased First Life America Corporation (“FLAC”) on December 23, 2008. On August 31, 2009, two of the Company’s subsidiaries, Trinity Life Insurance Company (“Old TLIC”) and FLAC, were merged, with FLAC being the surviving company. Immediately following the merger, FLAC changed its name to Trinity Life Ins...
71
10K
GjensidigeForsikringASA-AR_2018
659
Control and detection include audits, compliance, notification/whistleblowing, reporting and internal investigation. Follow-up and sanctions take place in accordance with policies and instructions, and are decided by HR and, ultimately, the CEO.
31
annual_report
5375
1,114
As of December 31, 2017 and 2016, our U.S. insurance companies’ TAC, as defined by the NAIC, was $1.9 billion and $1.8 billion, respectively, and our ALRe statutory capital as defined by the BMA, was $7.0 billion and $6.1 billion, respectively. As of December 31, 2017 and 2016, our U.S. RBC ratio was 490% and 478%, res...
438
10K
AvivaPLC-AR_2007
2,343
Fees payable to Ernst & Young LLP for the statutory audit of the Aviva Group and Company financial statements 1,364 1,452
21
annual_report
1873
476
•a $10 million commitment to the Aon Memorial Education fund to support the educational needs of the children of Aon employees who were victims of the September 11th attacks.
29
10K
5765
1,232
Includes $834.2 million and $1,266.9 million of collateralized loan obligations as of December 31, 2019 and 2018, respectively.
18
10K
3009
977
The following table disaggregates net insured credit swap revenue into its component parts for the periods ended December 31, 2006, 2005 and 2004 (dollars in thousands):
26
10K
gb_prudential-AR_2003
1,432
Further, because of the long-term nature of much of Prudential’s business, accurate records have to be maintained for significant periods. Prudential’s systems and processes are designed to ensure that the operational risks associated with its activities are appropriately controlled, but any weakness in the systems cou...
94
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2015
1,207
Further information on risks in property-casualty business can be found on page 276 ff. in the notes to the consolidated financial statements
22
annual_report
2307
884
The following discussion and analysis addresses the financial condition and results of operations of MONY Life as reported in accordance with Statutory Accounting Practices for the year ended December 31, 2003 as compared to the year ended December 31, 2002. You should read this discussion in conjunction with MONY Life...
62
10K
2750
251
AmerInst has entered into a confidentiality agreement with several investment banking organizations. There can be no assurance that a patent will be issued or that AmerInst will be able to license the patent if it is issued.
37
10K
3415
801
As of December 31, 2007, the transportation subsidiaries have $15.3 million of collateralized equipment obligations outstanding.
16
10K
1928
260
Net cash provided by financing activities in 2002 was $5.7 million compared to $3.9 million in 2001. The increase reflects $4.6 million currently outstanding under the Facility after repaying most of the borrowings used to pay the cash portion of the purchase price for the Vitality acquisition, offset by a $5.6 million...
71
10K
5453
1,801
The VA separate account balances subject to GMDB were $13.1 billion as of December 31, 2017 (Successor Company). The total GMDB amount payable based on VA account balances as of December 31, 2017 (Successor Company), was $90.5 million (including $72.8 million in the Annuities segment and $17.7 million in the Acquisitio...
88
10K
3926
1,497
The Company employs the simplified method to estimate the expected life of each award due to the significant volatility in the market price of our stock which has created exercise patterns that we do not believe are indicative of future activity.
41
10K
4145
3,102
In 2009, the Company paid dividends of $65.0 million and $23.2 million to Series E and Series C preference shareholders, respectively.
21
10K
ch_zurich_insurance_group-AR_2011
1,014
Sensitivities analysis for general insurance risk The following table shows the sensitivity of net income before tax and the sensitivity of net assets, using the Group effective income tax rate, as a result of adverse development in the net loss ratio by one percentage point. Such an increase could arise from either hi...
157
annual_report
SwissReAG-AR_2016
815
In October 2016, Corporate Solutions and Bradesco Seguros S.A. (Bradesco) signed an agreement under which Bradesco will contribute its commercial large-risk portfolio to Swiss Re Corporate Solutions Brazil Seguros S.A. (SRCSB), subject to regulatory approval. Upon closing the transaction, Bradesco will take a 40% equit...
75
annual_report
5251
1,879
The Company has historically participated in structured transactions. These have included providing cash loans supporting project finance transactions, and providing liquidity facility financing to structured project deals. The Company also invested in a payment obligation with an insurance company. The Company's polic...
64
10K
NatixisSA-AR_2015
1,883
Record of the award of free shares for each executive corporate officer
12
annual_report
5108
881
Depreciation of the euro, Sterling and Australian Dollar against the U.S. Dollar drove foreign exchange gains of $102 million during 2015, while the depreciation of the euro and Sterling against the U.S. dollar resulted in foreign exchange gains of $104 million in 2014 and both periods primarily reflected the remeasure...
85
10K
AegonNV-AR_2016
1,774
Framework) and its ERM framework are a strong basis on which to continue to refine the Solvency II PIM. In 2016, a project was initiated to further align Aegon’s Economic Framework and the
33
annual_report
HelvetiaHoldingAG-AR_2013
1,587
Total financial liabilities at fair value 101.0 76.1 77.5 70.3 101.0 76.1
12
annual_report
StorebrandASA-AR_2005
788
GROUP STRUCTURE AND MANAGEMENT REPORTING The chart below shows the legal structure of the group’s main subsidiaries, which is also the basis for the group’s accounting structure: In addition to the presentation of consolidated profit and loss on page 56, the group result can be analysed by business area as shown in the...
55
annual_report
5851
4,622
 higher interest expenses driven by debt issuances in the second quarter of 2020.
14
10K
PosteItalianeSpA-AR_2018
5,113
Movements in financial assets at fair value through other comprehensive income (FVTOCI) are shown below: TAB. A6.2 - MOVEMENTS IN FINANCIAL ASSETS AT FVTOCI
24
annual_report
5045
814
The following table sets forth, by country, our direct premiums from our international life insurance business for the periods indicated. Our international business and premium collections could be impacted by future changes relative to laws, regulations or economic events in the countries from which we accept applicat...
47
10K
3300
795
No dividends were paid to FMFC by our insurance subsidiaries during the years ended December 31, 2007, 2006 or 2005. Our insurance subsidiaries retained all of their earnings in order to support the increase of their written premiums, and we expect this retention of earnings to continue. Our insurance subsidiaries are ...
110
10K