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INGGroepNV-AR_2003
1,946
Following the 2001 review, it was decided not to change the salary levels. As a result, the
17
annual_report
3185
1,204
White Mountains Re’s net investment income increased by $34 million in 2006 as a result of higher overall yields and a larger investment asset base, principally due to contributions from White Mountains. Other underwriting expenses decreased in 2006 by $12 million, or 11%, from 2005, primarily due to a reduction in una...
131
10K
1687
382
To facilitate and expand certain retirement savings and asset management activities, AIG establishes SPVs. AIG receives fees for management of the assets held in the SPV which support the issuance of securities such as collateralized bond obligations sold by the SPV to independent third party investors. These SPVs serv...
65
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2019
699
The investment result increased by €597m on the previous year, largely owing to lower write-downs of shares triggered by rising equity markets in the financial year and higher gains on the disposal of fixed-interest securities.
35
annual_report
1203
207
Executive Risk shareholders received 1.235 shares of the Corporation's common stock for each outstanding common share of Executive Risk. In addition, outstanding Executive Risk stock options were converted to stock options of the Corporation. Approximately 14.3 million shares of common stock of the Corporation were iss...
75
10K
RaiffeisenBankInternationalAG-AR_2014
106
■ An around 30 per cent reduction in the RWA of the Ukrainian unit by the end of 2017: A challenging political and economic environment makes rescaling necessary. This will further reduce RBI’s foreign currency risks and US dollar refinancing needs.
41
annual_report
NatwestGroupPLC-AR_2006
1,818
(2) Following the implementation of IAS 32 on 1 January 2005, several of the Group’s preference share issues are now included in subordinated liabilities and the related finance cost in interest payable.
32
annual_report
AdmiralGroupPLC-AR_2006
970
Deferred tax credit on share scheme charges - - - - 1,407 1,407
13
annual_report
2253
570
The discussion of the commercial lines and personal lines segments provides additional detail regarding these strategies and trends.
18
10K
4121
3,566
$ (141 ) $ (158 ) $ (456 ) $ (112 )
12
10K
AssicurazioniGeneraliSpA-AR_2019
4,914
Generali 3 Banken Holding AG (*) 008 EUR 70,000 b 9 49.30 Generali Versicherung AG 49.30 49.28 125,183 3 Banken-Generali InvestmentGesellschaft m.b.H. (*) 008 EUR 2,600,000 b 8 48.57 Generali Versicherung AG 48.57 48.55 2,194
35
annual_report
BeazleyPLC-AR_2019
1,166
Business performance and incentive out-turns As you will have seen from the results, the commercial background to this year’s remuneration report is double digit premium growth and increased profit before income tax, despite a combined ratio of 100%, driven by a very strong investment return. The increase in average di...
61
annual_report
NatixisSA-AR_2018
8,607
Pursuant to the article referred to above, the table below specifically provides information linked to net revenues, pre-tax profit, income tax and headcount as at December 31, 2018.
28
annual_report
StandardLifeAberdeenPLC-AR_2008
1,292
Share of profits from associates and joint ventures 98 - (4) - 7 - 101
15
annual_report
CNPAssurancesSA-AR_2019
266
Our longstanding major partnerships were extended for very long periods in 2019. Roll-out of the new arrangements will begin in 2020. CNP Assurances’
23
annual_report
5602
5,730
We recorded other-than-temporary impairment charges in the years ended December 31, 2018, 2017 and 2016 related to:
17
10K
fr_axa-AR_1999
3,420
R i s k M a n a g e m e n t
14
annual_report
5159
1,210
Under Florida law, a domestic insurer may not pay any dividend or distribute cash or other property to its stockholders except out of that part of its available and accumulated capital and surplus funds which is derived from realized net operating profits on its business and net realized capital gains. A Florida domest...
64
10K
4724
1,177
The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions, including Canada. With few exceptions, the Company is no longer subject to tax examinations by tax authorities for years prior to 2007.
42
10K
588
541
The consolidated financial statements have been prepared in conformity with generally accepted accounting principles (GAAP), which may vary in certain respects from statutory accounting practices followed by the Company that are prescribed or permitted by the New Hampshire Insurance Department and Michigan Insurance Bu...
44
10K
2400
1,464
(2) We present commercial managed care cost of benefits provided on a PMPM basis, excluding New York City and New York State PPO, because these accounts differ from our standard PPO product in that they are hospital-only accounts which have lower premiums than accounts with full medical and hospital coverage. The lower...
74
10K
AegonNV-AR_2015
2,824
Non-financial assets that only generate cash flows in combination with other assets and liabilities are tested for impairment at the level of the cash-generating unit. The goodwill acquired in a business combination, for the purpose of impairment testing, is
39
annual_report
GjensidigeForsikringASA-AR_2017
548
4. The main elements in the systems for internal control and risk management are described in section 10 of the statement, see section 10a below. The systems for internal control and risk management relating to the financial reporting process are described separately in section 10b.
45
annual_report
1899
417
The Company’s accounting policy provides that the Company, at the end of each reporting period, review all securities where the fair value thereof has declined below 80 percent of its current cost basis to determine whether such securities are “other than temporarily impaired”. In addition, pursuant to this policy, man...
88
10K
580
609
(b) AIG parent depends on its subsidiaries for cash flow in the form of loans, advances and dividends. AIG's insurance subsidiaries are subject to regulatory restrictions on the amount of dividends which can be remitted to AIG parent. These restrictions vary by state. For example, unless permitted by the New York Super...
181
10K
RaiffeisenBankInternationalAG-AR_2009
2,641
As with other risk types the principle of firewalling between risk management and risk controlling is also applied to operational risk in Raiffeisen International. Operational risk controlling units are mainly responsible for the implementation and refinement of methods for operational risk management in different Grou...
101
annual_report
5511
2,811
The following table summarizes the gains (losses) included in AFG’s Statement of Earnings for changes in the fair value of derivatives that do not qualify for hedge accounting for 2018, 2017 and 2016 (in millions):
35
10K
gb_prudential-AR_2004
671
Nomination Committee Report Sir David Clementi (Chairman) Jonathan Bloomer Bridget Macaskill (from 18 March 2004) Kathleen O’Donovan (from 6 May 2004) Rob Rowley Sandy Stewart (until 6 May 2004)
29
annual_report
979
356
On July 1, 1998, the Company acquired APAC for $18 million in a combination of cash, Company common stock and assumption of debt. APAC is a Florida-domiciled insurer that writes MPL coverage for anesthesiologists. Net premiums earned by APAC during 1998 totaled $1.5 million, and as of December 31, 1998 APAC had 736 ins...
107
10K
HiscoxLtd-AR_2010
1,475
The Group’s procedures for estimating the outstanding costs of settling insured losses at the balance sheet date, including claims incurred but not yet reported, are detailed in note 26.
29
annual_report
408
434
At December 31, 1996, future minimum rental commitments under noncancelable leases accounted for as operating leases with initial or remaining terms of more than one year were as follows:
29
10K
1819
398
Production of new life insurance premiums by the associates of CICA measured in issued and paid annualized premiums increased 21.4% from 1999 to 2000 and 14.9% from 2000 to 2001. In addition, management initiated a domestic ordinary life sales program in late 2000. This program, targeting rural areas of the United Stat...
116
10K
NatixisSA-AR_2014
2,911
This stress testing is regularly applied to the Natixis consolidation scope to evaluate the risk generated in the event of an adverse trend in the economic and fi nancial data. The results are regularly presented to the Global Risk Committee, which also validates the selected scenarios. The stress-testing approach fact...
93
annual_report
1657
3,340
Company reports a net loss, stock options are not included in the calculation
13
10K
StandardLifeAberdeenPLC-AR_2007
772
5% decrease in both mortality and morbidity rates for annuitant and non-annuitant policies; and•
14
annual_report
NatixisSA-AR_2019
8,469
CM REO TRUST (a) Secondary markets finance FC 100 100 100 100 United States
14
annual_report
3854
745
The table excludes the contingent consideration arrangement related to the AIS acquisition.
12
10K
ScorSE-AR_2009
2,630
The amount of gross deposits which have been netted against expected life benefits are EUR 3 898 million and EUR 3,978 million in 2009 and 2008, respectively.
27
annual_report
gb_prudential-AR_2019
4,986
Analysed as: Total from continuing operations 1,160 Total from discontinued UK and Europe operations 5,129
15
annual_report
INGGroepNV-AR_2016
7,471
Total Bank 173,887 59,626 45,484 50,003 770,736 579,484 34,662 93,354 89,633 Excludes equities exposure
14
annual_report
StorebrandASA-AR_2008
1,906
Reserves for unfixed insurance instances The reserves for claims that have been incurred consist of reserves for disability pensions , established claims, unestablished claims and claims processing reserves. When assessing the reserves for disability pensions a risk free market interest rate is used, which takes into a...
69
annual_report
NatwestGroupPLC-AR_2005
873
Non-interest income increased by 13% to £372 million, driven by investment fees, with average assets under management up 9% to £23.1 billion as a result of good new business volumes in Coutts UK and the rise in equity markets. Assets under management at the year end were £25.4 billion, an increase of 18%.
53
annual_report
SwissReAG-AR_2020
6,289
In addition, local compliance officers regularly provide needs-based training on compliance risks tailored to their respective locations and/or areas of business.
21
annual_report
5671
2,490
These reserve classes recognized net adverse prior year reserve development of $85 million in 2019 including net adverse prior year reserve development of $133 million recognized by the reinsurance property and other reserve class, partially offset by net favorable prior year reserve development of $33 million contribu...
72
10K
3890
2,253
Results for the year ended December 31, 2008 reflected negative impacts from the decline in equity markets and return on variable products. The net loss of $195,194 thousand in 2008 includes an unlocking of deferred policy acquisition costs resulting in accelerated amortization of $101,418 thousand as compared to an un...
165
10K
de_allianz-AR_2011
1,879
the group disclosure committee ensures that the chairman of the Board of management and the board member responsible for controlling, reporting and risk of Allianz se are made aware of all material information that could affect our disclosures and ascertains the completeness and accuracy of the information provided in ...
68
annual_report
3249
1,568
The conversion into U.S. dollars of the underlying reserve development in local currency between July 2001 and September 2004 also generated a difference. The impact of the decrease in the value of the U.S. dollar on the Independent Actuary’s lower levels of local currency adverse development was to increase the differ...
84
10K
1473
963
Other standards issued in recent years did not apply to AFG or had only negligible effects on AFG.
18
10K
5709
2,387
The Company is required to perform an annual goodwill impairment assessment for each reporting unit for which goodwill has been allocated. Those reporting units include title insurance, home warranty and property and casualty insurance. The Company’s trust and other services reporting unit has no allocated goodwill and...
245
10K
AvivaPLC-AR_2010
3,399
(b) Cash flows in respect of the acquisition of subsidiaries, joint ventures and associates: £m
15
annual_report
TrygAS-AR_2019
543
Born in 1967. Joined the Supervisory Board in 2019. Danish citizen. Career: Director/owner of HASLE Refractories A/S and member of the regional labour market council in Bornholm. Education: MSc.Eng in Operations and Supply Chain. Management, Aalborg University and the CBS Executive course for Supervisory Board members ...
111
annual_report
4864
1,775
These amounts exclude certain VA business which has been 100% reinsured to Commonwealth Annuity and Life Insurance Company (formerly known as Allmerica Financial Life Insurance and Annuity Company) ("CALIC"), under a Modco agreement. The guaranteed amount payable associated with the annuities reinsured to CALIC was $11...
68
10K
gb_prudential-AR_2011
4,289
All schemes Underlying position (without the effect of IFRIC 14) Surplus (deficit) 338 (7) (109) 90 312 Less: amount attributable to PAC with-profits fund (285) (11) 71 (39) (264)
29
annual_report
1698
609
2001 2000 1999 ---- ---- ---- Fixed maturity securities held to maturity: Gross realized gains $20,228 $3,125 $87,859 Gross realized losses (565) (53) (1,895)
24
10K
gb_prudential-AR_2008
504
After adjusting for holding company cash and short-term investments of £1,165 million, our net core structural borrowings at 31 December 2008 were £1,793 million, compared with £1,036 million a year earlier. The increase on the 2007 figure reflected net cash inflows of £54 million, exchange conversion losses of £816 mi...
83
annual_report
5160
724
We enter into derivatives to manage various risks relating to our ongoing business operations. We have non-cash collateral from counterparties for derivatives, which can be sold or re-pledged subject to certain constraints, and which has not been recorded on our consolidated balance sheets. The amount of this non-cash ...
184
10K
1676
1,089
The table below sets forth the scheduled maturities of fixed maturities based on market value as of December 31, 2001. Data based on amortized cost is generally the same. Mortgage-backed securities had an average life of approximately five years at December 31, 2001.
43
10K
NatixisSA-AR_2016
11,014
successor in interest following the merger dated December 31, 2004) and CNCE.
12
annual_report
3053
1,006
The Company enters into securities borrowing and lending contracts in connection with MBIA’s collateralized investment agreement and repurchase agreement activities and to invest short-term cash balances or provide liquidity to the Company’s asset/liability programs. Such contracts are only transacted with high quality...
98
10K
TrygAS-AR_2018
1,045
12 Property, plant and equipment Leases ROU Operating Leases ROU Owner-occupied 'Group-occupied DKKm equipment equipment a) property b) property c) Total
21
annual_report
fr_axa-AR_1999
1,694
– in February 1999, the Company issued €1.5 billion in 2.50% Subordinated Convertible Notes due
15
annual_report
1166
201
Prior to the discontinuation of its insurance operations, the Company deferred the costs of acquiring new insurance business. The costs deferred consisted principally of commissions, certain sales salaries and other expenses that varied with and were primarily related to the production of new business. Acquisition cost...
107
10K
5010
873
The Series M Preferred Stock pays a cumulative dividend of $0.20 per share per year. The Company declared and paid aggregate dividends to holders of record of the Company’s Series M Preferred Stock of $0.4 thousand and $9 thousand for the years ended December 31, 2014 and 2013, respectively.
49
10K
AssicurazioniGeneraliSpA-AR_2015
3,778
Generali Versicherung AG 008 EUR 27,338,520 G 2 100.00 Generali Holding Vienna AG 100.00 100.00
15
annual_report
4702
1,982
The Company and its subsidiaries are involved in various legal actions in the normal course of business, in which claims for compensatory and punitive damages are asserted, some for substantial amounts. We recognize an estimated loss from these loss contingencies when we believe it is probable that a loss has been incu...
312
10K
5094
956
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Primerica, Inc.’s internal control over financial reporting as of December 31, 2015, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsor...
75
10K
3288
1,717
Several of Aon's subsidiaries have negotiated outsourcing service agreements in currencies that differ from their functional currencies; primarily the Philippine Peso and the Indian Rupee. The subsidiary's functional currency expense will fluctuate as the currency exchange rates change. To reduce this variability, Aon ...
147
10K
PosteItalianeSpA-AR_2020
8,792
Derivative contracts that constitute effective hedging relationships are shown as assets or liabilities depending on whether the fair value is positive or negative.
23
annual_report
ch_zurich_insurance_group-AR_2013
727
All information required by articles 663bbis and 663c paragraph 3 of the Swiss Code of Obligations is also included in the notes to the financial statements of Zurich Insurance Group Ltd holding company.
33
annual_report
4757
965
Gross written premiums decreased by 3.7% to $1,192.3 million in 2012 compared to $1,238.4 million in 2011, primarily due to a shift in the mix of business towards excess of loss business, which generates a lower premium rate commensurate with lower loss exposure, a $25.0 million decline due to the impact of foreign exc...
121
10K
2746
5,893
Indexed-annuities comprised less than 3% of the Company's insurance reserves at December 31, 2005. Indexed-annuities have interest rate risk similar to other fixed annuities. They have contractually guaranteed minimum surrender values, the majority of the asset portfolio backing them is invested in fixed income securit...
82
10K
nl_ing_grp-AR_2018
725
‘mixed teams’ and the 70 percent principle. This principle strives for 30 percent difference in team make-up. Mixed teams include all types of diversity, both visible and less visible. Ultimately, managers are responsible for building mixed teams by choosing the dimensions of diversity to focus on while also being guid...
83
annual_report
4617
902
The collateral in the pools are generally CMBS bonds or CDSs referencing CMBS bonds (collectively, “CMBS bonds”). MBIA Corp.’s guarantee generally is in the form of a CDS referencing the static pooled transactions. MBIA Corp. would have a payment obligation if the volume of CMBS bond defaults exceeds the deductible lev...
172
10K
3474
287
We own our home office in East Lansing, Michigan which comprises approximately 89,000 square feet. In addition, we lease office space as needed in our major markets to provide a local presence. Our leases tend to be five
38
10K
RaiffeisenBankInternationalAG-AR_2014
1,702
In June, the Austrian regulatory authorities granted approval for a redemption of participation capital. On this basis, RBI fully repaid € 1,750,000 thousand of the participation capital subscribed by the Republic of Austria on 6 June. Participation capital of € 750,000 thousand subscribed by private investors was repa...
51
annual_report
2201
574
We are a party to Collateral Assignment Split-Dollar Insurance Agreements (Agreements) with the Trust. We agreed to make premium payments towards the life insurance policies held by the Trust on the life of Mary R. Molina, a former employee and director and a current shareholder, in exchange for services from Mrs. Moli...
52
10K
PhoenixGroupHoldingsPLC-AR_2018
2,167
The statement of changes in equity for the period then ended
11
annual_report
5344
1,329
For the years ended December 31, 2016, 2015 and 2014 we recognized in earnings $27.9 million, $26.8 million, and $5.5 million, respectively, of OTTI on fixed maturity and equity securities. In 2016, OTTI consisted primarily of $16.1 million on fixed maturities we intended to sell, $8.8 million related to estimated cred...
107
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2001
551
This division develops innovative fields of business and products, establishes new distribution channels, works to win new client segments, and underwrites the special lines of credit, aviation and space reinsurance. It is also responsible for planning and placing the retrocession of the whole reinsurance group, with t...
51
annual_report
gb_lloyds_banking_grp-AR_2015
1,859
The market price for a share in the Group at 1 January 2015 and 31 December 2015 was 75.82 pence and 73.07 pence, respectively. The range of prices between 1 January 2015 and 31 December 2015 was 68.68 pence to 89.00 pence.
42
annual_report
TrygAS-AR_2010
488
The economic downturn had a positive impact on workers’ compensation insurances in respect of the number of minor claims, whereas an increase in the number of claims involving loss of ability to work and thus significantly higher compensation resulted in an overall negative performance for workers’ compensation.
47
annual_report
fr_axa-AR_2007
2,507
Losses due to defaults by third parties, impairment of our investment assets and unrealized losses could negatively affect the value of our investments and reduce our profitability
27
annual_report
2633
950
The components of net investment income in 2004, 2003 and 2002 were as follows:
14
10K
5942
2,460
In the ordinary course of business, the Company had previously transferred invested assets, primarily consisting of fixed maturity securities, to and from former affiliates. See Note 6 for further discussion of the related party investment transactions.
36
10K
fr_axa-AR_2013
5,589
Fair value includes quotations when available and/or relevant or valuation techniques incorporating observable market data, adjusted when necessary to take into account control premiums. Value in use calculations are based on valuation techniques, incorporating both observable market data and entity specifi c assumptio...
43
annual_report
GjensidigeForsikringASA-AR_2019
320
It is not permitted to accept gifts worth more than NOK 500. Regardless of the gift’s value, it must not be accepted if it means that the employee’s partiality or independence can be placed in doubt. All gifts and hospitality activities must be registered in the Company’s gift and hospitality register.
51
annual_report
3191
3,842
1 Elimination entries to remove intercompany transactions for life and accident and health insurance were as follows: insurance revenues from the Group Insurance segment, and operating expenses from the Individual Insurance segment, to arrive at Consolidated Statements of Income.
39
10K
ch_zurich_insurance_group-AR_2016
1,577
Audited In 2016, the Group extended its risk appetite statement with additional capital, liquidity, earnings volatility and non-financial metrics. The primary metric used to steer business remains the Z-ECM.
29
annual_report
HiscoxLtd-AR_2013
1,679
Share options and performance share plan awards Performance share plan awards are granted to Directors and to senior employees. Up until 2005, share options were also granted. The exercise price of the granted options is equal to the closing mid-market price of the shares on the day before the date of the grant. No exe...
160
annual_report
2041
412
Changes in the carrying amount of goodwill for the fiscal years ended May 31, 2002 and 2001 are as follows:
20
10K
4447
1,898
As previously announced, we are evaluating our strategy and business portfolio with the goal of delivering shareholder value. As this review is ongoing and no decisions have yet been made, the following discussion of our outlooks and the forward-looking statements contained therein assume a continuation of our current ...
69
10K
5465
1,226
The Company enters into various agreements that may require its fixed maturities to be held as collateral by others. At December 31, 2017 and 2016, fixed maturities with fair values of $225.7 million and $201.8 million, respectively, were held as collateral for the FHLBB collateralized borrowing program. See Note 6-“De...
62
10K
gb_lloyds_banking_grp-AR_2015
1,890
Sara Weller 200,000 200,000 1 Held in 50,000 ADRs with one ADR being equivalent to four ordinary shares.
18
annual_report
5172
13,596
The following table summarizes White Mountains’s continuing operations fair value measurements and the percentage of Level 3 investments as of December 31, 2015. The major security types were based on the legal form of the securities. White Mountains has disaggregated its fixed maturity investments based on the issuing...
97
10K
122
353
In 1993, the Company commuted its $43 million casualty aggregate excess of loss reinsurance agreement which it had entered into in 1989. The Company reduced its reinsurance recoverable on ceded losses and loss adjustment expenses by $43 million, and received $42.9 million in U.S. Treasury Strips. The commutation had no...
59
10K
1914
833
Net income for 2002 increased $13.8 million or 117% over 2001. Excluding the effect of goodwill amortization in 2001, net income decreased $2.4 million or 9% in 2002. The decrease in income is primarily a result of declines in the equity markets reducing retail and institutional assets under management and revenues. Of...
174
10K
AvivaPLC-AR_2006
452
2006 has seen an increase in the proportion of gross domestic product invested in savings and improving market sentiment, coupled with advisers’ focus on their customers’ pension arrangements. Our focus has been on capturing our share of this increased market as we create value for customers and shareholders by driving...
62
annual_report
4880
819
Insurance expenses in 2013 increased compared to 2012 mainly due to higher employee compensation costs, the run-off of expense allowances received under the Citigroup coinsurance transactions, higher costs in support of our independent sales force, and higher premium-related taxes, licenses and fees.
42
10K
RaiffeisenBankInternationalAG-AR_2008
704
The core capital ratio based on credit risk amounted to 9.7 per cent (minus 1.7 percentage points). The core capital ratio based on total risk-weighted assets yielded a value of 8.1 per cent at year’s end (minus 2.4 percentage points). The own funds ratio decreased by 2.7 percentage points to 9.7 per cent compared with...
73
annual_report
3391
2,813
Information about the outstanding three-year intervals as of December 31, 2007, were as follows:
14
10K