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4001
893
For comparative purposes, the predecessor company’s financial activity for the years ended December 31, 2008 and 2007 is provided in the consolidated statement of operations and consolidated statement of cash flows presented herein. To facilitate comparison, the pre-acquisition results for CompCare for the period Janua...
98
10K
2188
1,260
As of December 31, 2003, our general account investment portfolio attributable to the Financial Services Businesses consisted primarily of $87.4 billion of fixed maturity securities (79% of the total portfolio in 2003 and 78% in 2002), $11.8 billion of commercial loans (11% of the total portfolio in 2003 and 11% in 200...
99
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2005
950
At €381m (408m), premiums in Spain were down somewhat, since we reduced several treaty shares as planned. We continue to hold a leading market position here.
26
annual_report
SwissReAG-AR_2010
693
Thanks to these efforts, Swiss Re has shown above-average underwriting results for five consecutive years. Even when excluding favourable claims activity, these strong results have proven the value of strict underwriting discipline and active cycle management.
36
annual_report
5295
2,621
AAM has entered into a Master Sub-Advisory Agreement (MSAA) with certain Apollo affiliates to sub-advise AAM with respect to a portion of our assets, with the fees recharged to us, in addition to the gross fee of 0.40% per year paid to AAM as described above. The MSAA covers services rendered by Apollo-affiliated sub-a...
59
10K
4772
1,052
Days in claims payable is a calculation of medical claims liability at the end of the period divided by average expense per calendar day for the fourth quarter of each year.
31
10K
INGGroepNV-AR_2007
1,907
With respect to exchange rate and interest rate derivative contracts, the notional or contractual amounts of these instruments is indicative of the nominal value of transactions outstanding at the balance sheet date; they do however not represent amounts at risk. ING Group uses credit derivatives in managing its exposu...
86
annual_report
AssicurazioniGeneraliSpA-AR_2019
4,866
Cabinet Berat et Fils S.A.S. 029 EUR 1,508,000 a 11 100.00 Cofifo S.A.S. 100.00 98.63 11,785
16
annual_report
2360
564
We also offered other services at our Company-owned and franchised agencies, including tax return preparation and electronic filing and the issuance and renewal of license tags. In August 1999, we acquired an 80% interest in Express Tax Service, Inc ("Express Tax"). Express Tax licenses tax return preparation software ...
95
10K
NatixisSA-AR_2010
7,316
The Board of Directors may, on the proposal of the Chairman, elect one or more Vice-Chairman (Vice-Chairmen) from among its members.
21
annual_report
1063
252
OPERATIONAL REALIGNMENT AND OTHER CHARGES In conjunction with our operational realignment, we developed and, in the second quarter of 1998, approved a comprehensive plan (the Plan) to implement our operational realignment. We recognized corresponding charges to operations of $725 million, which reflect the estimated co...
116
10K
4489
803
(1)Excludes one-time funding agreement retirement gains. (2)Excludes participating mortgage loan income and bank loan fee income.
16
10K
gb_prudential-AR_2013
1,527
Company constitution Prudential is governed by the Companies Act 2006, other applicable legislation and regulation, and provisions in its Articles of Association. Any change to the Articles of Association must be approved by special resolution of the shareholders. There were no changes to the constitutional documents d...
48
annual_report
5958
4,198
losses plus individual case reserves established by claim adjusters) for an accident or report year to create an estimate of how losses are likely to develop over time. Development factors are calculated quarterly and periodically throughout the year for data elements such as claims reported and settled, paid losses, a...
104
10K
4060
10,167
Reclassification adjustment for (gains) losses included in net income, net of (taxes) benefits of $(803), $20,944 and $(353)
18
10K
GjensidigeForsikringASA-AR_2013
1,854
The Board has decided to continue the Group’s share savings programme for employees in 2014. The CEO and executive personnel are entitled to take part in the programme on a par with other Gjensidige employees. Under the current programme, employees can save through deductions from their salary for the purchase of share...
118
annual_report
StandardLifeAberdeenPLC-AR_2016
3,285
Greater than 20 years No defined maturity Total 2015 £m £m £m £m £m £m £m £m
17
annual_report
NatixisSA-AR_2008
10,811
CNCE. The Supervisory Board is chaired alternately by a representative of one of the two shareholders for a period of six fi nancial years. The fi rst Chairman of the Supervisory Board is
33
annual_report
de_allianz-AR_2009
2,931
2) Includes primarily research and development costs of € 81 mn (2008: € 97 mn) and bancassurance agreements of € 14 mn (2008: € 16 mn).
26
annual_report
3376
1,075
EHI completed its IPO and conversion from a mutual insurance company to a stock company on February 5, 2007, with the sale of 30,762,500 shares of common stock at $17.00 per share. The cash proceeds from the IPO were approximately $472.7 million, after deducting approximately $34.0 million in underwriting discounts and...
66
10K
ASRNederlandNV-AR_2009
392
Moreover, insurers are also confronted with a higher total of claims incurred due to a substantial increase in the number of claims made and a higher disability rate.
28
annual_report
5503
987
New business written premiums produced through agencies increased $75 million in 2017, compared with 2016. Agents appointed during 2017 or 2016 produced a 2017 increase in standard lines new business of $58 million.
33
10K
TrygAS-AR_2013
226
This amendment will not affect Tryg’s target of bringing its expense ratio down below 15 by 2015.
17
annual_report
5705
2,386
Specialty casualty Underwriting profit for this group was $175 million in 2019 compared to $141 million in 2018, an increase of $34 million (24%). Higher underwriting profits in the targeted markets and workers’ compensation businesses and a reduction in the underwriting loss at Neon (excluding the Neon exited lines ch...
155
10K
NatixisSA-AR_2009
844
Natixis Finance acts as a merger and acquisition advisor in the French market, mainly on midcap deals. Its clients include major French and international groups, small and mediumsized businesses, private equity funds and public entities. Natixis Finance has particular expertise in sectors such as food, business-to-busi...
54
annual_report
3767
1,253
Effective January 1, 2008, the Company adopted SFAS No. 157, “Fair Value Measurements,” which defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements, for all of its financial assets and liabilities. The stat...
373
10K
2921
1,078
amounts due to their short-term nature. Similarly, the fair value of the liability for securities sold under repurchase agreements approximates its carrying amount, which includes accrued interest.
27
10K
NatwestGroupPLC-AR_2009
3,924
The following table shows the notional amounts and fair values of the company’s derivatives.
14
annual_report
NatwestGroupPLC-AR_2015
4,154
• For personal, calculations are performed at portfolio level by product (e.g. mortgages, credit cards or unsecured loans).
18
annual_report
5174
1,027
Incurred losses and LAE increased by 21.6% to $37.2 million in 2015 compared to $30.6 million in 2014, mainly due to an increase of $6.0 million in current year catastrophe losses and the increase in current year attritional losses of $4.0 million, resulting primarily from the impact of the increase in premiums earned....
123
10K
4836
680
Effective January 1, 2013, Church Mutual Insurance Company (Church Mutual) became a member of MRB. As a result, Employers Mutual became a one-fifth participant in MRB, down from its previous one-fourth participation. This resulted in a 11.3 percent decline in earned premiums assumed from MRB in 2013. In connection with...
142
10K
1281
463
The Company uses derivatives, in the form of an interest rate swap, for hedging purposes as part of its interest rate management. The Company has not yet determined the effect of SFAS 133 on its financial statements.
37
10K
2221
293
Managing General Agent Fees increased modestly from $2.0 million for the year ended 2002 to $2.3 million for the year ended December 31, 2003. The increase reflects an overall increase in the production of insurance policies.
36
10K
HannoverRueckSE-AR_2013
2,952
Net deferred tax liabilities 1,203,551 1,339,617 1 Adjusted pursuant to IAS 8 (cf. Section 3.1)
15
annual_report
3425
1,714
Gas storage revenues increased by $14.4 million to $21.7 million for 2005, of which $16.3 million was attributable to Gulf South, compared to $7.3 million for 2004. Storage revenues decreased at Texas Gas by $2.0 million due to unusually high interruptible storage revenue generated in 2004 from favorable market conditi...
50
10K
DirectLineInsuranceGroupPLC-AR_2012
2,052
3.2 Risk and capital management modelling The Board has ultimate responsibility for ensuring that the Group has sufficient capital to meet its liabilities as they fall due. The Group carries out detailed capital modelling of its assets, liabilities and the key risks to which these are exposed. This modelling includes t...
96
annual_report
2772
835
Also, during 1999, Builders established a line of credit with Financial of $5 million with interest payable monthly at the Company’s commercial paper rate then applicable plus 1.00%. The unpaid balance on this line of credit was $4,020,917 and $2,506,774 at December 31, 2005 and 2004, respectively. Interest paid to Fin...
69
10K
5017
1,289
Certain reclassifications have been made in the 2013 and 2012 Consolidated Financial Statements to conform to classifications used in 2014. In addition, we have corrected an immaterial prior period error to accrued personnel cost which affected the Balance Sheet, the Statement of Earnings and the Statement of Equity. W...
176
10K
3930
597
One of the Company’s directors owns the property located in St. Petersburg, Florida that was leased by the Company beginning in the fourth quarter of 2007 through the October 2008 lease termination date. Lease payments on this property for the years ended December 31, 2008 and 2007 totaled $20,000 and $4,000, respectiv...
52
10K
4503
1,057
In 2010, amortization of DAC decreased largely due to improved policy persistency, partially offset by higher amortization from a lower DAC interest rate assumed for new business. We lowered the interest rate assumption during the third quarter of 2010 to reflect rates available in the current interest rate environment...
64
10K
4225
2,029
•product design innovations to meet customer needs while simultaneously reducing risk to SunAmerica.
13
10K
nl_ing_grp-AR_2018
4,942
Banque Centrale du Luxembourg and Bank of England. An increase was also seen with regulatory reserve deposits with Deutsche Bundesbank within Retail Challengers & Growth Markets.
26
annual_report
AegonNV-AR_2013
2,909
The effects of the change in accounting policies on the financial position, comprehensive income, and changes in equity of the Group are summarized in note 2.1.2.
26
annual_report
2162
544
2002 Compared to 2001. Workers’ compensation net premiums earned increased for the year ended December 31, 2002 compared to 2001, primarily as a result of continuing to earn premiums written in 2001, which exceeded those written in 2000 due to policy growth in 2001, primarily in our Minnesota, Illinois and Indiana mark...
52
10K
ASRNederlandNV-AR_2014
1,052
If objective evidence of impairment exists, property, plant and equipment are tested for impairment and if necessary, written down to the fair value of the property, plant and equipment (see accounting policy C).
33
annual_report
DirectLineInsuranceGroupPLC-AR_2017
1,875
We have tested the completeness and accuracy of the underlying data used in the Group’s actuarial calculations and the actuarial data used by Deloitte actuarial specialists by performing reconciliations on the data back to the financial ledger.
37
annual_report
PosteItalianeSpA-AR_2019
3,805
� Leased vehicles for personal use by staff; � Aircraft used by the Group’s airline; � IT equipment and devices of various type.
23
annual_report
AdmiralGroupPLC-AR_2005
778
29. Related party transactions There were no related party transactions occurring during 2005 that require disclosure. Details relating to the remuneration and shareholdings of key management personnel are set out in the remuneration report. Key management personnel are able to obtain discounted motor insurance at the ...
59
annual_report
gb_prudential-AR_2016
6,519
Annuity in-force business: – Risk margin release less amortisation of transitional expected to emerge by 2031 1.9 (1.7) – Risk margin release expected to emerge after 2031 and gross up for tax 1.1 (0.4)
34
annual_report
2861
1,568
Our Perpetual PIERS are classified in our balance sheet as equity but may receive a different treatment in some cases under the capital adequacy assessments made by certain rating agencies. Such securities are often referred to as ‘hybrids’ as they have certain attributes of both debt and equity. We also monitor the ra...
75
10K
AssicurazioniGeneraliSpA-AR_2016
3,232
The number of employees decreased due to disposal of the Argentinian and Philippines companies and due to restructuring in some countries where the Group operates.
25
annual_report
AdmiralGroupPLC-AR_2018
657
*2 2017 Turnover for Confused.com updated to £86.8 million from originally reported £87.1 million due to new products which no longer fall under Confused.com and have been transferred to the Group.
31
annual_report
5538
2,119
Basic net income per share is computed by dividing net income by the weighted-average number of common shares outstanding, while diluted net income per share is computed by dividing net income attributable to common stockholders by the sum of the weighted-average number of common shares outstanding and the weighted-ave...
92
10K
1477
222
Consolidated Statements of Financial Condition at December 31, 2000 and 1999............................................28
11
10K
4664
846
Per share information for 2010 was computed using the number of shares of common stock outstanding immediately following the Separation, as if such shares were outstanding for the entire period.
30
10K
TrygAS-AR_2008
1,308
Board. The assessment includes individual interviews between the Chairman of the Supervisory Board and the individual members in January and a discussion of these interviews at the next following Board meeting.
31
annual_report
2456
1,693
WellPoint received cash dividends from subsidiaries of $1,097.7, $458.6 and $702.0 during 2004, 2003 and 2002, respectively.
17
10K
DirectLineInsuranceGroupPLC-AR_2019
131
Remuneration Your Remuneration Committee focuses on ensuring a close correlation between creating value for shareholders, and remunerating Executive Directors and senior executives appropriately.
23
annual_report
4419
3,160
As part of our corporate formation, we issued $100 million of 5.25% Series A Preferred Stock (“Series A Preferred Stock”) to GEFAHI. GEFAHI sold all of our Series A Preferred Stock in a public offering concurrent
36
10K
4725
2,919
For the year ended December 31, 2013, impairments recognized in earnings were comprised of credit impairments of $32, securities that the Company intends to sell of $26 and impairments on equity securities of $15.
34
10K
3086
680
We believe our revolving credit facilities and anticipated cash flows from operations will provide us with sufficient liquidity to meet our operating requirements for the foreseeable future. For further information about our borrowings, see Note 10 in our financial statements under Part II, Item 8, “Financial Statement...
50
10K
5668
1,892
For all qualifying and highly effective cash flow hedges, changes in fair value of the derivative instrument are
18
10K
5512
2,742
Expected sources of capital of the HFSG Holding Company for the next twelve months include dividends from Group Benefits (HLA) of $250 to $300 , dividends from Hartford Funds of $100 to $125 and cash tax receipts of approximately $600 to $700, including realization of net operating losses and AMT credits.
51
10K
SwissReAG-AR_2003
1,534
At grant, option recipients can elect to take the options granted in the form of restricted shares, exchanging four options for one restricted share. The value of the restricted share vesting after four years is CHF 93. The election period runs until April 2004.
44
annual_report
INGGroepNV-AR_2008
83
ING Group will continue to pay dividends in relation to underlying cash earnings, and will take a balanced approach to dividends in a careful and conservative manner in the next few years.
32
annual_report
5143
1,329
Other income. Other income increased by $1.9 million, or 76.2%, from $2.5 million for the year ended December 31, 2013 to $4.4 million for the year ended December 31, 2014. This increase consists primarily of an early termination fee related to an operating lease. In November 2013, the Company received an early termina...
155
10K
2918
722
Revenue Recognition. Premium income for Torchmark’s subsidiaries’ insurance contracts is generally recognized as the premium is collected. However, in accordance with GAAP, revenue on limited-payment contracts and universal life-type contracts (deposit balance products) are recognized differently. Revenues on limited-p...
48
10K
gb_prudential-AR_2005
1,368
Committee. Group Risk acts as adviser in respect of all risks faced by Prudential Group, and establishes and maintains the risk management agenda across the Group, including through the design, implementation and maintenance of economic capital models, a consistent and harmonised risk management framework and policies,...
76
annual_report
INGGroepNV-AR_2005
1,000
Fair value hedge Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in the profit and loss account, together with fair value adjustments to the hedged item attributable to the hedged risk. If the hedge relationship no longer meets the criteria for hedge accounti...
118
annual_report
de_allianz-AR_2013
2,544
Expenses Cost of goods sold (219) (250) General and administrative expenses (492) (523) Interest expenses (32) (41)
17
annual_report
RSAInsuranceGroupPLC-AR_2018
3,306
Interim paid in respect of current year 7.3 6.6 75 68
11
annual_report
4119
1,022
At December 31, 2009, the Company served members who received healthcare benefits through contracts with the regulatory entities in the jurisdictions in which it operates. For the year ended December 31, 2009, the Texas contract represented approximately 25.0% of premium revenues and a significantly higher percentage o...
161
10K
nl_ing_grp-AR_2018
6,080
There is also continued uncertainty over the long-term outlook for the fiscal position and the future economic performance of the US within the global economy and potential future budgetary restrictions in the US, with a corresponding perceived risk of a future sovereign credit ratings downgrade of the US government, i...
59
annual_report
AdmiralGroupPLC-AR_2019
3,484
The Group also holds a financial liability in the form of £200.0 million of subordinated notes with a ten-year maturity and fixed rate coupon of 5.5%. This liability is valued at amortised cost and therefore neither the carrying value of the deposits, nor the interest payable, will be impacted by fluctuations in intere...
54
annual_report
StorebrandASA-AR_2001
125
The introduction of defined contribution pension schemes for Norwegian companies in 2001 opened up new markets. Storebrand has completed a major program of investments in order to take a leading position in this new sector of the pensions market.
39
annual_report
HannoverRueckSE-AR_2001
326
In March 2000 the Italian government caused a stir when it accused market players of price collusion in motor insurance business. It prohibited rate adjustments in the discounted categories and thus interfered in the companies’ freedom to set prices. This led to a continued deterioration in market conditions and hence ...
113
annual_report
4163
1,729
In February 2007, the FASB issued authoritative guidance which allows entities to choose to measure many financial instruments and certain other items, including insurance contracts, at fair value (on an instrument-by-instrument basis) that are not currently required to be measured at fair value. The objective is to im...
102
10K
AdmiralGroupPLC-AR_2013
247
“ If People Like What They Do, They’ll Do It Better.” 88% of staff are happy at Admiral, according to the 2013 anonymous Staff Survey.
25
annual_report
4145
1,687
As a holding company, XL Capital Ltd has no operations of its own and its assets consist primarily of its investments in its subsidiaries. Accordingly, XL Capital Ltd’s future cash flows largely depend on the availability of dividends or other statutorily permissible payments from its subsidiaries. The ability to pay s...
200
10K
5341
843
Our statements, trend analyses and other information contained in this report and elsewhere (such as in filings by CNO with the SEC, press releases, presentations by CNO or its management or oral statements) relative to markets for CNO's products and trends in CNO's operations or financial results, as well as other sta...
220
10K
AegonNV-AR_2013
1,710
EUR 25.5 billion (EUR 27.3 billion at end 2012). Its gross financial leverage was 30.1% (31.9% at end 2012) and its fixed charge coverage was 5.1x (4.5x at end 2012). Aegon targets a gross financial leverage ratio of 26-30% and a fixed charge coverage of 6.0-8.0x and expects a continued deleveraging in 2014 supporting ...
59
annual_report
PosteItalianeSpA-AR_2020
3,961
Total amount of fines /penalties paid in relation to IT security breaches or other IT security incidents (€)
18
annual_report
nl_ing_grp-AR_2013
2,881
Underlying result and Operating result as presented below are non-GAAP financial measures and are not measures of financial performance under IFRS-EU. Because these are not determined in accordance with IFRS-EU, underlying result and operating result as presented by ING may not be comparable to other similarly titled m...
98
annual_report
RSAInsuranceGroupPLC-AR_2018
2,929
Reorganisation costs represent external and clearly identifi able internal costs that are necessarily incurred and directly attributable to the Group’s restructuring programme. The aim of the restructuring programme is to both reduce operating costs and improve profi tability. Employee termination costs are only recogn...
68
annual_report
2838
884
The Company has no non-interest bearing fixed maturity investments, investments accounted for on a non-accrual basis or any individual securities in excess of 10% of stockholders’ equity. Fixed maturities available-for-sale, at December 31, 2005, are summarized by contractual maturity year as follows:
42
10K
2084
1,006
Many policyholders have made claims against various CNA insurance subsidiaries for defense costs and indemnification in connection with environmental pollution matters. The vast majority of these claims relate to accident years 1989 and prior, which coincides with CNA's adoption of the Simplified Commercial General Lia...
128
10K
RSAInsuranceGroupPLC-AR_2013
513
By analysing the cashflows in our model, we can assess the extent to which the overall level of risk is attributable to broad categories of risk.
26
annual_report
PhoenixGroupHoldingsPLC-AR_2016
4,248
Issue of ordinary share capital (note D1) – 908 – – 908
12
annual_report
AssicurazioniGeneraliSpA-AR_2017
2,024
Derivatives transactions are consistent with the guidelines set by the specific resolution of the Board of Directors and in compliance with the rulings set by IVASS Regulation No. 24 dated 6 June 2016 and exclude transactions of a purely speculative nature.
41
annual_report
BaloiseHoldingLtd-AR_2017
879
Market comparisons Baloise regularly compares the salaries paid to its senior executives with those paid in the wider market. The Corporate Key Position Benchmark survey conducted by Willis Towers Watson (for the whole Baloise Group) and Kienbaum (for Luxembourg ) uses function-specific peer groups. Each function being...
99
annual_report
NatixisSA-AR_2008
2,969
Significant interest rate changes could adversely affect Natixis’ net banking income or profitability
13
annual_report
1889
873
Our comprehensive income (loss) includes only unrealized gains and losses on investments classified as available-for-sale. Changes in accumulated other comprehensive income (loss) and other comprehensive income (loss) were as follows (000’s):
31
10K
HelvetiaHoldingAG-AR_2006
1,158
Helvetia Group defers acquisition costs only in individual life business and such deferrals follow local accounting regulations. Impairment of deferred acquisition costs is checked as part of the
28
annual_report
gb_prudential-AR_2015
1,389
Other appointments Alistair is a Visiting Professor at Cass Business School, a Trustee of the Design Museum in London and a Trustee of The Royal Academy of Arts.
28
annual_report
NatixisSA-AR_2007
9,471
In order to obtain approval, the vendor must notify the Banque
11
annual_report
5107
725
The Company's insurance subsidiaries' principal sources of cash are premiums, investment income, service fees and proceeds from sales and maturities of portfolio investments. The principal uses of cash are payments for claims, taxes, operating expenses and dividends. The Company expects its insurance subsidiaries to fu...
208
10K
1353
341
Revenues and income before taxes and minority interests from continuing operations, by business segment, are shown in the following schedules:
20
10K
2722
2,033
In the opinion of the Company’s management, while some of these matters may be material to the Company’s operating results for any particular period if an unfavorable outcome results, none will have a material adverse effect on its overall financial condition.
41
10K
5322
521
The S&P 500 Index increased by approximately 9.5% in 2016 and decreased by approximately 0.7% in 2015.This change in index performance led to an increase in the option return of $33.3 million during 2016 compared to 2015, partially offset by a $27.9 million increase in the related equity-indexed embedded derivative for...
59
10K
HannoverRueckSE-AR_2009
459
Regulatory Commission) in the year under review to write non-life reinsurance from our existing Shanghai branch.
16
annual_report