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1382
277
Market risk generally represents the risk of loss that may result from potential change in the value of a financial instrument due to a variety of market conditions. The Company's exposure to market risk is generally limited to potential losses arising from changes in the level of volatility of interest rates on market...
73
10K
PosteItalianeSpA-AR_2018
2,900
In addition, in assessing the value of non-current assets of the Mail, Parcels and Distribution segment, account was taken of any effect on the value in use of certain properties, should such properties no longer be used in operations in future, making adjustments to certain impairment losses taken in the past in the l...
256
annual_report
5714
1,074
Investment ratings are assigned the second lowest rating by Nationally Recognized Statistical Rating Organizations (Moody's, S&P or Fitch), or if not rated by such firms, the rating assigned by the NAIC. NAIC designations of "1" or "2" include fixed maturities generally rated investment grade (rated "Baa3" or higher by...
124
10K
gb_prudential-AR_2001
684
Less liabilities: amounts falling due within one year Bank loans and overdrafts – (20)
14
annual_report
NatwestGroupPLC-AR_2018
210
Climate and sustainable finance Engaging with investors, regulators, academics and campaigning NGOs was key to advancing our climate strategy in 2018. Their views fed into our policy changes on mining, power and oil and gas sectors.
36
annual_report
5550
1,882
redeem the 2046 notes at any time and from time to time, in whole or in part, at a “make-whole” redemption price.
22
10K
5230
1,097
Loss and loss adjustment expense reserves represents an estimate of amounts necessary to settle all outstanding claims, including IBNR as of December 31, 2016. The Company has estimated the timing of these payments based on its historical experience and expectation of future payment patterns. However, the timing of the...
177
10K
4425
444
As planned, core commercial automobile lines became a more significant component of Atlas’ gross premium written as a result of the strategic focus on these core lines of business coupled with positive response from new and existing agents. Gross premium written related to these core commercial lines increased by 36.9%...
95
10K
4378
861
As of December 31, 2011, our cash, cash equivalent and available-for-sale investment balances of $28.0 billion included $9.4 billion of cash and cash equivalents (of which $1.6 billion was held by non-regulated entities), $18.0 billion of debt securities and $544 million of investments in equity securities and venture ...
217
10K
AvivaPLC-AR_2014
1,568
Directors’ and corporate governance report continued preparer receives guidance on the requirement for content included in the Annual report and accounts to be fair, balanced and understandable
27
annual_report
PhoenixGroupHoldingsPLC-AR_2016
3,529
The following table shows a reconciliation from the opening to the closing fair value for the Level 3 owner-occupied properties at valuation: £m
23
annual_report
5442
384
The following table has selected financial information for the periods ended and as of the dates indicated. These historical results are not necessarily indicative of the results to be expected from any future period and should be read in conjunction with our consolidated financial statements and the related notes and ...
71
10K
de_allianz-AR_2016
525
had a difficult year: net non-resident capital inflows to bond and equity markets fell below USD 28 bN – the lowest annual inflow since 2008 –, which was mainly due to rising U.S. yields.
34
annual_report
1388
632
Our cash flow from operations for the twelve months ended December 31, 2000, improved significantly over that of the comparable twelve-month period in 1999. The components were:
27
10K
4503
1,392
Prior to April 1, 2010, we had 100 shares of outstanding common stock. In the second quarter of 2010, we issued common stock as part of our corporate reorganization. A reconciliation of the number of shares of our common stock follows.
41
10K
HannoverRueckSE-AR_2009
2,451
EUR 288.8 million to EUR 625.5 million. The increase was attributable principally to specific new contracts in the area of life reinsurance.
22
annual_report
3877
5,621
For a discussion of accounting standards and change in accounting, see Note 2 to our consolidated financial statements in this Form 10-K.
22
10K
5385
762
The Company has commitments in the form of operating leases, commitments to fund limited liability investments, subordinated notes, and unpaid losses and loss expense obligations. As of December 31, 2017, contractual obligations related to Global Indemnity’s commitments, including any principal and interest payments, w...
46
10K
4808
4,977
At the Closing, we drew down approximately $20.3 billion (the Series F Closing Drawdown Amount) under the Department of the Treasury Commitment (Series F) pursuant to the Series F Securities Purchase Agreement (SPA). The Series F Closing Drawdown Amount was the full amount remaining under the Department of the Treasury...
108
10K
NatixisSA-AR_2018
10,677
At Natixis, each entity, subsidiary and branch office must adapt the overall policy to its activities and specific situation and/or ensure that the policy complies with its own procedures and local regulations.
32
annual_report
NatixisSA-AR_2008
8,578
On the assets side of the balance sheet, the net outstanding balance of the loans subject to the put is covered by zerocoupon bonds held by the two entities. The results of the two entities consist solely of annual accruals to recognize the value appreciation of the zero-coupon bonds up to their redemption value in 201...
101
annual_report
4911
4,632
The annual pension expense in 2015 for the AIG U.S. and non-U.S. defined benefit pension plans is expected to be approximately $289 million. A 100 basis point increase in the discount rate or expected long-term rate of return would decrease the 2015 expense by approximately $95 million and $47 million, respectively, wi...
94
10K
5509
990
In February 2016, the FASB issued ASU Number 2016-02, Leases (Topic 842). This update provides guidance on a new lease model that includes the recognition of assets and liabilities arising from lease transactions on the balance sheet. Additionally, the update provides clarity on the definition of a lease and the distin...
166
10K
ScorSE-AR_2009
1,248
Norbert Pyhel 350,004 225,780 - 575,784 345,837 216,000 François de Varenne 350,000 197,638 3,434 551,073 350,000 224,000 (*) The compensation is paid in CHF, the exchange rate used is: 1 EUR = 1,5123 CHF (the exchange rate of reference for the DDR). (**) This amount includes an expatriation premium related to fiscal y...
108
annual_report
4323
843
The Company’s liquidity position (cash and cash equivalents and short-term investments) was $582.0 million and $633.1 million at December 31, 2010 and December 31, 2009, respectively. Liquidity needs are determined from valuation analyses conducted by operational units and are driven by product portfolios. Periodic eva...
71
10K
3950
2,036
The 3.5% Debentures are senior, unsecured obligations and bear interest at a rate of 3.5 percent per year, payable semi-annually, beginning on March 31, 2006 and ending on September 30, 2010. Thereafter, the principal balance of the 3.5% Debentures will accrete at a rate that provides holders with an aggregate yield to...
114
10K
1163
206
The following table is a summary of Torchmark's continuing net operating income. Insurance underwriting income is defined by Torchmark management as premium income less net policy obligations, commissions, acquisition expenses, and insurance administrative expenses plus other income. Excess investment income is defined...
78
10K
5542
593
The amortized cost and fair value of debt securities as of December 31, 2018 and 2017, by contractual maturity, are shown below. Equity securities do not have stated maturity dates and therefore are not included in the following maturity summary. Actual maturities may differ from contractual maturities because borrower...
65
10K
3264
1,183
In 2007, CNA expects to contribute $58 million to its pension plans and $12 million to its postretirement healthcare and life insurance benefit plans.
24
10K
BaloiseHoldingLtd-AR_2011
1,754
The relevant requirements for the banking business of the Baloise Bank SoBa are defined by the Basel II regulations. The Solvency Regulation (SolvV) as the regulatory equity requirement is definitive for the Deutscher Ring Bausparkasse. All relevant requirements were fulfilled by the respective Group companies in 2010 ...
51
annual_report
BaloiseHoldingLtd-AR_2017
1,244
Income premiums earned and policy fees (gross) 28 6,680.6 6,726.4 premiums earned and policy fees (net) 28 6,512.4 6,542.9
19
annual_report
5109
1,388
In June 2015, CMS released final results on reinsurance and risk-adjustment for the 2014 plan year. In September 2015, the results on risk corridor and the minimum medical loss ratio were finalized for the 2014 plan year. These final results had an insignificant impact to the Company for the 2014 plan year.
52
10K
fr_axa-AR_2018
3,053
Life risks also include risks related to mortality, longevity, lapses, disability and pandemic events among others. The main risks to which the life business is exposed are longevity risk and lapse risk, which are both sensitive to changes in interest rates, and could be defined as follows: ■ longevity risk is the risk...
95
annual_report
AvivaPLC-AR_2003
1,158
Bonuses allocated in anticipation of a bonus declaration, included in claims paid 332 508 Reversionary and similar policyholder bonuses, included in the movement in the long-term business provision 2,372 2,346 9 – Net operating expenses
35
annual_report
PosteItalianeSpA-AR_2016
7,140
2.1 Due to customers – – – – – – – –
12
annual_report
898
208
55 E. Jackson Blvd. 440,292* Principal Executive Chicago, Illinois Offices of CNAF
12
10K
4970
2,545
There are three main sources (uses) of cash flows for the Company: operating activities, investing activities and financing activities. The movement in net cash provided by or used in operating, investing and financing activities and the effect of foreign currency rate changes on cash and cash equivalents for the years...
63
10K
StorebrandASA-AR_2012
768
MEMbERS (ELECTED by EMPLOyEES) annika Fallenius (0) nina Hjellup (3,119) rune Pedersen (7,663) tor Haugom (829) trond thire (2,499) Unn Kristin Johnsen (434)
23
annual_report
RaiffeisenBankInternationalAG-AR_2014
953
Unrealized net gains (losses) of the period (13,003) (1,314,018) 2,041 34,361 (10,241) 21,567 5,334 hereof net gains (losses) reclassified to income statement 0 0 0 0 0 10 (2)
29
annual_report
GjensidigeForsikringASA-AR_2015
1,220
A total of 259,515 (208,030) own shares at an average share price of NOK 128.51 (120.02) have in 2015 been acquired to be used in Gjensidige's share-based payment arrangements. Of these 173,499 (152,960) shares have been sold to employees, at the same price, but with a discount in the form of a contribution, see note 2...
99
annual_report
PosteItalianeSpA-AR_2020
5,133
Impairment losses/(reversals of impairment losses) on financial assets [tab. C12] - 46
12
annual_report
SwissReAG-AR_2009
568
2009 results benefited from benign natural catastrophes, with the full-year impact 4 percentage points lower than expectations, but also from continued disciplined underwriting. The underwriting result before investment income increased by CHF 1.1 billion year-on-year.
35
annual_report
2793
250
In assessing the performance of the Financial Services segment, management considers the ability to continue to expand its presence in the United States defined contribution and institutional insurance markets to be its primary point of focus. The life insurance, savings and investments marketplace is also highly compe...
63
10K
ScorSE-AR_2011
4,852
SCOR GLOBAL LIFE SE, as well as a EUR 51 million dividend from SCOR GLOBAL P&C SE.
17
annual_report
NatwestGroupPLC-AR_2016
3,750
Resolution is implemented if the Group fails and the appropriate regulator places the Group into resolution. Resolution is owned and implemented by the appropriate regulatory authority and the
28
annual_report
4985
1,616
Our consolidated financial statements are prepared in accordance with U.S. GAAP, which requires management to make estimates and assumptions. We believe that the accounting policies that require the most significant judgments and estimations by management are (1) premium revenue recognition including evaluation of risk...
97
10K
PhoenixGroupHoldingsPLC-AR_2013
238
– Increase customers’ engagement with their policies, ensuring customers take the right decisions at key life stages
17
annual_report
de_allianz-AR_2013
2,950
Expected dividend yield % 13.2 13.0 Risk free rate of return % 0.7 0.7
14
annual_report
StandardLifeAberdeenPLC-AR_2016
3,437
Investment property and owner occupied property 9,496 Income capitalisation Equivalent yield
11
annual_report
AvivaPLC-AR_2013
292
Managing our business: Underwrite risk Underwriting and pricing expertise, coupled with the data we hold, allow us to write profitable business within our risk appetite. Our underwriters assess each customer’s risk to ensure that on aggregate we can cover claims, cover our costs and make a profit, all while remaining a...
54
annual_report
BeazleyPLC-AR_2017
1,121
In 2018, the following grants as a percentage of base salary will be made, subject to the usual NAVps performance condition: • D A Horton: 200% • M L Bride: 150% • A P Cox: 150%
36
annual_report
fr_axa-AR_2011
11,506
The themes covered by AXA Hearts In Action are selected by employees in light of local issues, and include fi ghting against exclusion and helping children in need, people with disabilities and victims of natural disasters.
36
annual_report
AvivaPLC-AR_2011
2,300
Judgments of US courts may not be enforceable against us. Judgments of US courts, including those predicated on the civil liability provisions of the Federal securities laws of the US, may not be enforceable in courts in the United Kingdom. As a result, our shareholders who obtain a judgment against us in the US may no...
68
annual_report
NatixisSA-AR_2007
4,514
The scope of consolidation includes all signifi cant entities over which the consolidating entity exercises control or infl uences its management. Three types of control are identifi ed under
29
annual_report
AvivaPLC-AR_2007
3,207
Deferred income 339 265 Reinsurers’ share of deferred acquisition costs 233 221 Accruals 1,274 1,138 Other liabilities 2,139 2,610
19
annual_report
5692
1,253
invest an additional $30 million through the California Organized Investment Network over the five years following completion of the acquisition; of which we have invested $13 million through 2019;
29
10K
PhoenixGroupHoldingsPLC-AR_2011
875
Consistent with the awards in May 2010, for LTIP awards granted in April 2011, the performance measures are 50% based on MCEV growth and 50% based on net cumulative cash generation (i.e. after taking into account certain recurring costs), with both targets measured over the three financial years commencing 1 January 20...
73
annual_report
PhoenixGroupHoldingsPLC-AR_2014
2,136
The PGL Scheme is administered by a separate Trustee company, PGL Pension Trustee Ltd. The Trustee company is comprised of two representatives from the Group, three member nominated representatives and one independent trustee in accordance with the Trustee company’s articles of association. The Trustee is required by l...
78
annual_report
3428
431
Gross written premiums for the years ended December 31, 2007, 2006 and 2005 are shown in the table below (dollars in thousands) for each sub-line of business:
27
10K
AvivaPLC-AR_2018
174
Enabling customers to stay with us for the long term is important to the future success of our business.
19
annual_report
3408
815
Minimum statutory surplus necessary for the insurance subsidiaries to satisfy statutory risk based capital requirements was $70,489 at December 31, 2007.
21
10K
398
377
For purposes of the consolidated statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents.
30
10K
ASRNederlandNV-AR_2018
4,835
Volunteering Volunteer activities undertaken by a.s.r. employees, partly during work hours (eight hours per day) and partly during their own free time, to contribute to community initiatives/ social projects that are developed or supported by a.s.r. as part of its financial literacy drive.
43
annual_report
fr_axa-AR_2004
2,525
(1) asset value incl. amort./premium and accrued interests, but before impairment and reevaluation to fair value of assets AFS (2) asset value incl. Impairment, amort./premium, accrued interests, but before reevaluation to fair value of assets AFS (3) incl. policy loans
40
annual_report
4945
1,393
The Company also sponsors a non-qualified supplemental defined benefit pension plan (the “Supplemental Plan”). The unfunded liability related to the Supplemental Plan was $31.0 million and $23.3 million at December 31, 2014 and 2013, respectively. Pension expense for the Supplemental Plan was $1.8 million, $1.8 million...
103
10K
RSAInsuranceGroupPLC-AR_2019
1,400
· Review of global investment strategy framework and implications for portfolio structure
12
annual_report
5858
1,269
-Developing a range of independent estimates and comparing those to the liability for E&O recorded by the Company.
18
10K
3061
496
Other operating expenses primarily include other general corporate overhead expenses. During the year ended June 30, 2006, we incurred severance costs of $0.4 million in connection with the resignation of our former Chief Financial Officer. In addition, for the year ended June 30, 2006, we incurred $0.9 million of inte...
60
10K
RaiffeisenBankInternationalAG-AR_2017
3,995
Because of their minor importance in giving a view of the Group’s assets, financial and earnings position 345 subsidiaries were not included in the consolidated financial statements (2016: 227). They are recognized at cost as interests in affiliated companies, under financial investments, and are assigned to the measur...
70
annual_report
2638
1,393
Certain products we sell have been determined to meet the definition of a derivative under FAS 133. These products are accounted for at fair value and consist of GMIB reinsurance in our life operation and credit default swaps principally through our ownership interest in Assured Guaranty. We believe that the most meani...
157
10K
Sampoplc-AR_2003
1,177
Life Insurance Business 11 Emoluments of members of administrative and supervisory bodies Managing Directors and Deputy Managing Directors 0.6 0.6
20
annual_report
5852
601
These notes are based on the fair values of corresponding fixed maturity collateral. As the notes are valued based on the reference collateral, they are classified as Level 2 or 3. See “Fair Value Option” below for additional information.
39
10K
2256
1,242
The following summarizes the Company’s contractual obligations at December 31, 2003, and the effect such obligations are expected to have on its liquidity and cash flows in future periods (in thousands):
31
10K
ASRNederlandNV-AR_2010
811
exchange rate at average exchange rate 2.7 Product classification Insurance contracts are defined as contracts under which ASR Nederland accepts significant insurance risk from policyholders by agreeing to compensate policyholders if a specified uncertain future event adversely affects the policyholder. These contracts...
68
annual_report
SwissReAG-AR_1994
239
Motor In motor insurance the ceded premium volume moved in line with the strong increase in original business, with a positive result. Deregulation is creating new conditions for primary insurers and reinsurers in that both sides must make great efforts in some instances to fundamentally rework their products and prici...
93
annual_report
4153
470
Reinsurance ceded credits were $4.7 million (88%) higher in 2010, resulting from the Company ceding a higher percentage of the gross premium to other companies under reinsurance treaties, principally for workers’ compensation coverages. After consideration of these expense offsets, operating expenses remained flat decr...
54
10K
PosteItalianeSpA-AR_2017
1,548
Equity instruments of €41 million are down €63 million following the above sale of the Mastercard Incorporated shares.
18
annual_report
gb_prudential-AR_2010
591
Short-term fluctuations for other operations were positive £25 million and mainly represent unrealised appreciation on Prudential Capital’s debt securities portfolio offset by unrealised value movements on centrally held derivatives. The 2009 result included £235 million costs incurred in respect of the hedge temporari...
60
annual_report
15
264
In 1993, Torchmark acquired 850 thousand shares of its common stock on the open market at an aggregate cost of $42 million. While Torchmark is not actively acquiring shares of its common stock at the current time, it may do so from time to time at favorable prices. Torchmark acquired 4.2 million shares at a cost of $15...
73
10K
AvivaPLC-AR_2017
279
• France – a cash generator underpinned by strong distribution • Canada – leading general insurance franchise with attractive cross-cycle returns • Poland – high ROE business with strong distribution and digital credentials • Italy – rebounding economic opportunity providing strong net flows • Ireland – a leading brand...
79
annual_report
1241
595
We have audited the accompanying consolidated balance sheets of PennCorp Financial Group, Inc. and subsidiaries as of December 31, 1999 and 1998, and the related consolidated statements of operations and comprehensive income (loss), changes in shareholders' equity and cash flows for each of the years in the three-year ...
80
10K
4619
1,081
The amortized cost of short-term investments, collateral under securities lending agreements and payable under securities lending agreements is a reasonable estimate of fair value due to their short-term nature and high credit quality of the issuer.
36
10K
3295
1,161
Included in “All Other” above for the year ended December 31, 2006 is $110 million of unfavorable development resulting from a commutation, which is included in the ceded claim and claim adjustment
32
10K
4682
948
The discussion and analysis of our financial condition and results of operations are based upon the consolidated financial statements. These statements have been prepared in accordance with GAAP, which requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosur...
143
10K
NatwestGroupPLC-AR_2014
3,241
Central items not allocated represented a charge of £850 million compared with a credit of £647 million in 2013. The change includes lower gains on the disposal of available-for-sale securities in Treasury, which were down £575 million to £149 million in 2014, along with a £309 million higher restructuring charge relat...
104
annual_report
gb_lloyds_banking_grp-AR_2009
5,073
The majority of the customer-related intangibles as well as the brands, core deposit intangibles and purchased credit card relationships have arisen from the acquisition of HBOS. Included within brands above are assets of £380 million (31 December 2008: £nil) that have been determined to have indefinite useful lives an...
88
annual_report
NatixisSA-AR_2014
9,756
Resolution fifteen (Delegation of authority to be given to the Board to decide on the increase in share capital by an issuance without pre-emptive subscription rights, by an offer set out in Article L. 411-2, II of the French Monetary and Financial Code, of shares and/or securities giving access to the capital or entit...
60
annual_report
BeazleyPLC-AR_2017
1,167
participate) was calculated based on this. • the committee then considered the individual bonus award for the executive directors and other senior employees within the committee’s remit. In determining the bonus award for each individual the committee took into account the individual’s contribution including, where rel...
52
annual_report
BeazleyPLC-AR_2017
681
The energy and passion of our people contributed to making a difference, within our communities and in the wider world, in 2017. Four years ago we launched our global Make a Difference month with 75 employees taking action in our communities. This year almost 500 employees took part. We raised over $115,000 for our glo...
108
annual_report
NatixisSA-AR_2007
669
Representative of Banque Fédérale des Banques Populaires on the Supervisory Board of LineBourse
13
annual_report
AegonNV-AR_2013
1,683
Aegon considers extreme liquidity stress scenarios, including the possibility of prolonged ‘frozen’ capital markets, an immediate and permanent rise in interest rates, and policyholders withdrawing liabilities at the earliest conceivable date.
31
annual_report
2920
1,662
Reinsurance premiums on multi-year losses occurring reinsurance contracts that are payable in annual installments are recorded as premiums written on an annual basis at inception and on the contract anniversary dates if the reinsured has the ability to cancel, commute or change the coverage during the contract term or ...
71
10K
StandardLifeAberdeenPLC-AR_2015
1,573
In preparing these financial statements, the Directors are required to:  Select suitable accounting policies and then apply them consistently  Make judgements and accounting estimates that are reasonable and prudent
31
annual_report
SwissReAG-AR_2017
3,540
The number of shares authorised for the Group’s share-based payments to employees was 3 665 794 and 4 411 532 as of 31 December 2016 and 2017, respectively. The Group’s policy is to ensure that sufficient treasury shares are available at all times to settle future share-based compensation plans.
49
annual_report
NatwestGroupPLC-AR_2016
3,449
The Risk Assurance Committee (RAC) ensures a consistent and fair approach to all aspects of the credit risk, market risk and control assurance review activities. The RAC also monitors and validates the ongoing programme of reviews and tracks the remediation of review actions. The credit and market risk assurance teams ...
63
annual_report
de_allianz-AR_2019
1,831
For more information please refer to the paragraph “Risk Committee ” of the Supervisory Board Report on page 7.
19
annual_report
ASRNederlandNV-AR_2010
169
Next generation products The introduction of next generation products in both the life and non-life segments was rolled out at the end of 2009. These are products characterized by an extremely low and transparent cost level. In 2010, this initiative was expanded with the introduction of the new VermogenGarant (Asset Gu...
52
annual_report
2159
823
Principals and certain employees of our acquired firms are eligible to participate in two option incentive programs. Under our original option incentive program, principals and certain employees of 27 firms (certain acquisitions that closed during the period from January 1, 1999 to October 1, 1999) were eligible to rec...
212
10K
ScorSE-AR_2013
632
With effect on 14 January 2013, the CSSF approved the fund, SCORLUX SICAV-SIF, established by SCOR Global
17
annual_report
INGGroepNV-AR_2009
3,201
Certain operational risks can best be transferred to the insurance market if risks are high but difficult to mitigate internally. In order to protect ING against financial consequences of uncertain operational events ING has acquired insurance policies issued by third-party insurers with world-wide cover for (Computer)...
81
annual_report