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gb_prudential-AR_2014
3,896
are included within ‘Other debtors’ and ‘Provisions’ respectively on the consolidated statement of financial position.
15
annual_report
3160
1,074
The Company’s property and casualty insurance business is conducted through National Security Fire & Casualty Company (NSFC), a wholly owned subsidiary of the Company organized in 1959, and Omega One Insurance Company (Omega), a wholly owned subsidiary of National Security Fire & Casualty Company organized in 1992. Pro...
69
10K
fr_axa-AR_2009
4,533
On May 15, 2006, and after authorization by the AXA Supervisory Board on December 21, 2005, the AXA Group (the AXA Mutuelles,
22
annual_report
4219
1,364
Cash provided by investing activities in 2010 was $351 million, compared to cash used in investing activities of $174 million in 2009. Cash provided by investing activities in 2010 includes the net proceeds from the sale of HighMount’s assets in Michigan and Alabama of approximately $500 million. The primary driver of ...
104
10K
1637
303
Consolidated Statements of Stockholder's Equity for the years ended December 31, 2001, 2000 and 1999 20-21
16
10K
553
428
5) LNC uses Over-the-Counter ("OTC") call options to hedge against the increase of the FTSE index. These call options require the counterparties to pay LNC at specified future expiration dates the amount, if any, of the percentage increase in the FTSE index over the strike price defined in the contract, applied to a no...
76
10K
5169
1,148
Alleghany holds its equity and debt securities as AFS and as such, these securities are recorded at fair value. Alleghany continually monitors the difference between cost and the estimated fair value of its investments, which involves uncertainty as to whether declines in value are temporary in nature. The analysis of ...
153
10K
Sampoplc-AR_2020
22
Approval of the Financial Statements and the Board of Directors' Report . . . . . . . . . . . 196
23
annual_report
NatwestGroupPLC-AR_2015
1,539
Details of the performance measures for awards to be granted in 2016 are set out as part of the implementation of remuneration policy on
24
annual_report
NatwestGroupPLC-AR_2015
1,416
While pay remains an important and sensitive topic, an encouraging sign is that pay is not dominating discussions with shareholders in the way that it used to. I hope this reflects the efforts of the Committee in recent years to implement a remuneration policy that is simpler than before and strongly aligned to shareho...
59
annual_report
3961
1,446
On January 7, 2008, White Mountains Re acquired Helicon Re Holdings, Ltd. for approximately $150 million, which resulted in the recognition of an extraordinary gain of $4 million. Helicon Re Holdings, Ltd. is the parent of Helicon, which in 2006 and 2007 provided quota share retrocessional coverage to White Mountains R...
83
10K
5529
1,548
(b) The balances of, and changes in, each component of AOCI (net of taxes) as of December 31, 2018 and 2017 were as follows:
24
10K
1925
429
The Company purchases reinsurance after evaluating the financial condition of the reinsurer, as well as the terms and price of coverage. The Company reinsures certain of its risks to reinsurers under yearly renewable term and coinsurance agreements. Yearly renewable term and coinsurance agreements result in the passing...
80
10K
Sampoplc-AR_2019
1,168
amount of the obligation. If it is expected that some or all of the expenditure required to settle the provision will be reimbursed by another party, the reimbursement will be treated as a separate asset only when it is virtually certain that the Group will receive it.
47
annual_report
PosteItalianeSpA-AR_2015
4,165
Details are as follows:  The fair value reserve regards changes in the fair value of available-for-sale financial assets which, during 2015, showed gains totalling €1,531 million as follows: – €1,527 million regarding the net fair value gain on available-for-sale financial assets attributable to
44
annual_report
NatwestGroupPLC-AR_2009
608
The snows that saw out 2009 gave Green Flag its busiest month of the year. We received more than 237,000 calls from customers in December. Our UK network of recovery vehicles meant that we were able to get to customers in need.
42
annual_report
NatwestGroupPLC-AR_2010
1,515
Equity non-controlling interests decreased by £4.7 billion, 22%, to £16.9 billion. Equity withdrawals of £3.1 billion, due to the disposal of the investment in the Bank of China attributable to minority shareholders and the redemption, in part, of certain trust preferred securities, exchange rate movements of £1.4 bill...
73
annual_report
4464
410
(1) Insurance premiums earned in 2007 included $7.1 billion from a single reinsurance transaction with Equitas.
16
10K
2290
705
- DHC accelerates any its indebtedness due to a default for borrowed money in excess of $5 million;
18
10K
Sampoplc-AR_2013
1,555
EEquity aquity at 31 Dect 31 December 2013ember 2013 9898 00 44 1,5271,527 8,1758,175 -106-106 976976 -30-30 10,64310,643 1) The total comprehensive income includes also the share of the associate Nordea's other comprehensive income, in accordance with the Group's share holding. The retained earnings thus include EURm ...
89
annual_report
gb_lloyds_banking_grp-AR_2004
1,027
Future transfers from Scottish Widows plc’s long-term business fund to its shareholder’s fund will be subject to a shareholder tax charge. Under FRS 19, no provision is required to be made since the timing of such transfers is under Scottish Widows plc’s control. The potential deferred tax liability (undiscounted) not ...
62
annual_report
RaiffeisenBankInternationalAG-AR_2005
461
Rule 16 says that the Managing Board shall be constituted of several persons, with one member acting as the chairperson of the Managing Board. Internal rules of procedure of the Managing Board shall define the distribution of responsibilities and the mode of cooperation between management board members. The Managing Bo...
78
annual_report
PosteItalianeSpA-AR_2018
2,923
3. Unquoted open-end investment funds: measurement is based on the latest available NAV (Net Asset Value) as provided by Bloomberg or as determined by the fund manager.
27
annual_report
511
449
Under the New CCC Facility, CCC is, with certain exceptions, prohibited from making certain sales or transfers of assets, incurring nonpermitted indebtedness or encumbrances, and redeeming or repurchasing its capital stock, among other restrictions. In addition, the New CCC Facility also requires CCC to maintain certai...
68
10K
de_allianz-AR_2012
1,041
1 For detailed growth targets and underlying assumptions see Outlook 2013 and 2014. 2 Information does not show the position of Allianz in comparison to the total global insurance industry. It shows the positioning of Allianz in comparison to our main peers in 2011 (2012 figures are not yet available). The key performa...
63
annual_report
2129
5,853
age 65 and life insurance coverage decreases based upon the age of the participant until the attainment of age 70 and thereafter. Participants' spouses are also covered under the post-retirement plan. The cost of post-retirement medical, dental and life insurance benefits was accrued over the active service periods of ...
74
10K
5026
1,058
As of December 31, 2014, our mortgage insurance segment maintained claims paying resources of $2.9 billion, which consists of contingency reserves, statutory policyholders’ surplus (excluding the statutory surplus of Radian Asset Assurance), Unearned Premium Reserves and loss reserves.
38
10K
HannoverRueckSE-AR_2008
1,182
In the previous year Hannover Re acquired the 50% stake held by E+S Rück in Hannover Life Re of Australasia Ltd., Sydney, and thus held all shares in the company; full allowance was made for transaction costs. All intercompany profits arising out of this transaction were eliminated. Effective 31 March 2008 Hannover Re ...
131
annual_report
2601
1,111
If the sale of Standard Life takes place, we will no longer derive revenues or cash flows from our financial services business and our future value will depend almost entirely on our health services business.
35
10K
3902
1,143
Year Ended December 31, 2008 Compared to Year Ended December 31, 2007:
12
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2004
1,020
In our renewal negotiations for 2004, we largely obtained the prices and conditions we sought. We consistently held back in cases where, given the prevailing market conditions, we would have had to accept business at insufficient conditions not commensurate with the risk.
42
annual_report
4523
2,191
* At December 31, 2012 and December 31, 2011, approximately 94 percent and 95 percent, respectively, of these investments were rated investment grade.
23
10K
231
285
Interest expense on notes payable increased in 1995 and the 1994 periods as a result of the full year effect in 1995 of interest on debt incurred in 1994 to finance the Acquisition, partially offset by reductions in interest expense resulting from: (i) the conversion and retirement of $9.2 million principal amount of t...
81
10K
AvivaPLC-AR_2009
3,813
Debt securities 121,440 — — — — 71 121,511 Reinsurance assets 8,052 — — — — 2 8,054 Other investments 36,500 — — — — — 36,500 Loans 35,937 210 11 3 15 17 36,193 Receivables and other financial assets 8,337 200 21 13 2 46 8,619
47
annual_report
5206
1,195
(2) Includes only separate account instruments which are carried at the fair value of the underlying liabilities owned by the separate accounts.
22
10K
SwissReAG-AR_2016
263
In 2016 Guangdong Provincial and Heilongjiang Provincial Governments signed the largest natural disaster insurance program in China, designed and reinsured by Swiss Re. As impressive as that may sound, it does not even come close to reflecting the knowledge, talent, hard work, engagement and collaboration that went int...
54
annual_report
DirectLineInsuranceGroupPLC-AR_2015
908
Board effectiveness review In 2015, the Board chose to conduct its effectiveness review in-house. The Company Secretary designed and coordinated the process. This involved agreeing a structured questionnaire with the Chairman and Board members, distributing it to stakeholders, collating responses, and preparing reports...
55
annual_report
AegonNV-AR_2002
1,365
In the ordinary course of business, Transamerica Finance Corporation grants various credit related commitments to meet the financing needs of its customers. Such commitments include purchase obligations and partnership investment commitments, revolving lines of credit and financial guarantees, including guarantees of l...
98
annual_report
AegonNV-AR_2016
2,598
profile has been established that outlines the required qualifications of its members. Supervisory Board members are no longer eligible for (re)appointment after reaching the age of 70, unless the Supervisory Board decides to make an exception.
36
annual_report
fr_axa-AR_2018
1,865
According to the Board’s Terms of Reference and the recommendations of the Afep-Medef Code, each member of the Board of Directors is required to inform the Chairman of the Board of Directors and/or the Senior Independent Director of any situation concerning her/him which may create a conflict of interest with the Compa...
68
annual_report
3097
1,242
catastrophes. We estimate claim reserves for these losses after the event giving rise to these losses occurs, following a process that is similar to our property catastrophe reinsurance unit described above.
31
10K
5657
1,399
A summary of the net changes in after-tax accumulated other comprehensive income attributable to Berkshire Hathaway shareholders and amounts reclassified out of accumulated other comprehensive income for each of the three years ending December 31, 2018 follows (in millions).
39
10K
2564
4,341
Kansas City Life acquired a block of traditional life and universal life products in 1997. As of this year-end, the block had $2.1 billion of life insurance in force (2003 - $2.3 billion). The block generated life insurance premiums of $2,838 (2003 - $3,120).
44
10K
3430
1,217
Earned Premiums assumed and ceded on long-duration policies were not material for the years ended December 31, 2007, 2006 and 2005. Earned Premiums ceded on short-duration policies were not material for the years ended December 31, 2007, 2006 and 2005. Certain insurance subsidiaries assume business from other insurance...
69
10K
4287
457
In February of 2009, the California Workers’ Compensation Appeals Board ( the “Appeals Board”) rendered an en banc decision on a series of cases, commonly referred to as Almarez, Guzman and Ogilvie. Allowing a rebuttal of the AMA Guides, the decision has a material impact on the value of permanent disability awards. Th...
133
10K
StandardLifeAberdeenPLC-AR_2016
3,928
Cost/income ratio Cost/income ratio is a measure that highlights our efficiency and is calculated as operating expenses divided by operating income on a rolling 12 month basis, and includes the share of associates’ and joint ventures’ profit before tax.
39
annual_report
1466
471
The above-described scenarios produce estimated changes in cash flows as well as cash flow reinvestment projections. Estimated cash flows in the Company's model assume cash flow reinvestments which are representative of the Company's current investment strategy. Calls and prepayments include scheduled maturities and th...
124
10K
AdmiralGroupPLC-AR_2016
302
The capital add-on to the Standard Formula for 2017 is subject to the usual regulatory approval process. The Group plans to submit an application for approval to use an internal model to calculate capital requirements during 2017.
37
annual_report
GjensidigeForsikringASA-AR_2019
2,484
Fair value of plan assets As at 1 January 2,198.8 2,198.8 2,353.6 2,353.6 Interest income 64.0 64.0 60.5 60.5 Return beyond interest income 40.5 40.5 (116.2) (116.2) Contributions by the employer 164.8 6.3 171.2 6.7 6.7 Benefits paid (112.7) (112.7) (99.0) (99.0) Employers' national insurance contributions of benefits ...
54
annual_report
2779
510
Liquidity and capital resources demonstrate the Company’s ability to generate sufficient cash flows from its operations and borrow funds at competitive rates to meet operating and growth needs. As of December 31, 2005 the Company’s capital structure consists of trust preferred debt issued to affiliates and shareholders...
55
10K
de_allianz-AR_2004
252
AG and the Allianz Group as well as the respective management reports and issued their certification without any reservations.
19
annual_report
gb_lloyds_banking_grp-AR_2018
6,152
Debt securities held at amortised cost An analysis by credit rating of the Group’s debt securities held at amortised cost is provided below: Investment grade1 £m Other2 £m Total £m
30
annual_report
1550
510
4. INVESTMENTS (CONTINUED) The contractual maturities of fixed maturity securities are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
38
10K
SwissLifeHoldingAG-AR_2008
754
Key facts and figures about the Swiss Life Group, info kits on previous annual reports and all the details on events relevant to the shareholders, analysts and the media (AGM, media conferences, etc.), can be accessed at www.swisslife.com in the areas “Shareholders & Analysts” (www.swisslife.com/analysts) and “News & M...
50
annual_report
fr_axa-AR_2001
2,141
AXA’s financial services subsidiaries must comply with various French and European regulations that require each to maintain, depending on its area of activity (bank, credit establishment or other), a minimum liquidity ratio or a minimum risk ratio.
37
annual_report
4184
1,860
Basic earnings per share are computed based on the weighted average number of shares outstanding. Diluted earnings per share are computed based on the weighted average number of common and dilutive potential common shares outstanding. We have adjusted shares and earnings per share to reflect all stock splits and divide...
55
10K
RSAInsuranceGroupPLC-AR_2015
2,643
Interim paid in respect of current year 3.5 – 36 –
11
annual_report
StorebrandASA-AR_2007
114
• 1917 Seven existing life insurance companies jointly establish Norske Folk as a life insurance company. Idun is one of the initiative takers.
23
annual_report
4189
1,006
The future policy benefit reserves relate primarily to term life products and are determined in accordance with U.S. GAAP as the present value of expected future benefits to or on behalf of policyholders plus the present value of future maintenance expenses less the present value of future net premiums. The expected fu...
267
10K
5589
987
Gross written premiums increased 1% to $501 million in 2018 from $495 million in 2017 while net written premiums increased 11% to $380 million in 2018 from $342 million in 2017 due to retaining A&H business previously ceded to a subsidiary of IMG, which was acquired by Sirius Group in May 2017.
52
10K
3223
1,207
for 2005. The reinsurance segment’s 2006 results included commission income (in excess of the reimbursement of direct acquisition expenses) on the quota-share reinsurance treaty with Flatiron Re Ltd., which reduced the acquisition expense ratio by 1.6 points in 2006. The 2005 results included $13.3 million of assessmen...
82
10K
SwissReAG-AR_1991
82
Capital market investments, real estate B. H. Letsch, Senior Executive Manager F. E. Rohner, Executive Manager Executive Managers A. Decurtins, B. Petrin, J.-P. Preyer Managers 0. Benz, E. Caru, M. Gürber, F. Marty, M. Ringll
35
annual_report
StorebrandASA-AR_2009
1,260
Insurance more complex. The management now involves 19 different profiles. The financial crisis and the consequent volatile markets in the second half of 2008 increased the pressure on Storebrand Investment’s operational system and its transaction volume more than doubled in 2008. It continuously seeks to simplify rout...
100
annual_report
StandardLifeAberdeenPLC-AR_2011
1,561
The increase in the proportion of global investment management EEV operating profit before tax generated from third parties is due to new business flows into higher margin products, a refinement of cost allocations and the fee received following the transfer of money market funds in the first half of 2011.
50
annual_report
5007
816
To the extent that the nature of the acquired loss reserves are conducive to commutation, our aim is to settle the majority of the acquired loss reserves within a timeframe of approximately five to seven years from the date of acquisition. To the extent that acquired reserves are not conducive to commutation, we will i...
95
10K
Sampoplc-AR_2019
2,287
The following tables contain a number of material assumptions, specifications of pension costs, assets and liabilities and a sensitivity analysis showing the potential effect on the obligations of reasonable changes in those assumptions as at the end of the fiscal year.
41
annual_report
PowszechnyZakladUbezpieczenSA-AR_2019
2,136
9.2 System of control in the process of preparing financial statements
11
annual_report
AegonNV-AR_2017
3,410
liabilities, the corresponding adjustment is recognized through other comprehensive income in the revaluation reserve, together with the unrealized gain or loss.
21
annual_report
StandardLifeAberdeenPLC-AR_2017
257
Our response We aim to give people the confidence and expertise to make the right financial decisions. Our focus on active investment management helps us to meet the growing demand for outcomeoriented products.
33
annual_report
5465
1,012
At December 31, 2017, we were in compliance with the covenants of our debt and credit agreements.
17
10K
2159
865
We apply the intrinsic-value-based method of accounting prescribed by APB Opinion No. 25, “Accounting for Stock Issued to Employees” and related interpretations including the Financial Accounting Standards Board, or FASB, Interpretation No. 44, “Accounting for Certain Transactions Involving Stock Compensation,” an inte...
183
10K
5930
1,234
Claim size severity estimates are determined by examining the risk sizes on the delinquent loans and estimating the portion of risk that will be paid, as well as any expenses. This is done based on a review of historical development patterns, an assessment of economic conditions and the level of equity the borrowers ma...
102
10K
3600
349
term rate of return is based on historical long-term returns for asset classes included in the pension plan’s target allocation. A reasonably possible change of 25 basis points in the expected long-term rate of return assumption, with other assumptions held constant, would have an estimated $0.7 million impact on net p...
59
10K
2191
362
SFAS No. 150 is effective for all financial instruments entered into or modified after May 31, 2003. For all financial instruments entered into prior to May 31, 2003, SFAS 150 was effective at the beginning of the first interim period beginning after June 15, 2003, which for CNA Surety began July 1, 2003. The Company d...
89
10K
NatwestGroupPLC-AR_2013
870
2013 was a challenging year for the Board Risk Committee and I would like to extend my gratitude to my fellow members and to the Group’s senior leadership team for the additional time that they have dedicated to the business of the Committee.
43
annual_report
3781
1,944
In accordance with SFAS 123(R), the fair value of restricted share awards is estimated on the date of grant based on the market price of the Company’s stock and is amortized to compensation expense on a straight-line basis over the related vesting periods. As of December 31, 2008, there was $16.8 million of unrecognize...
172
10K
1704
565
Premiums written and earned by Berkshire's property/casualty and life/health insurance businesses during each of the three years ending December 31, 2001 are summarized below. Dollars are in millions.
28
10K
StorebrandASA-AR_2018
1,956
Movements from level 1 to level 2 reflect a reduction in the trading volume of relevant equities and bonds during the most recent measurement period. On the other hand, movements from level 2 to level 1 indicate an increase in the market value of relevant equities and bonds during the most recent measurement period.
54
annual_report
LloydsBankingGroupPLC-AR_2018
4,840
Remeasurement of deferred tax due to rate changes 32 (9) (201)
11
annual_report
3828
762
New insurance written for bulk transactions was $1.6 billion for 2008 compared to $7.8 billion for 2007 and $18.9 billion for 2006. The decrease in bulk writings was primarily due to our decision in the fourth quarter of 2007 to stop insuring Wall Street bulk transactions. The majority of the bulk business in 2008 was ...
146
10K
fr_axa-AR_2006
1,573
In the United Kingdom, AXA’s 24.5% share in the healthcare market1 gives it purchasing power for claims settlement to achieve higher profitability. Claims restructuring has continued, focusing on process and system improvements, delivering a reduction in leakage rates. The United Kingdom branch transformation program h...
59
annual_report
de_allianz-AR_2017
1,739
The following table summarizes our Solvency II regulatory capitalization ratios disclosed over the course of the year 2017.
18
annual_report
2847
5,288
Income (loss) from continuing operations before minority interest and equity in earnings of affiliates
14
10K
de_allianz-AR_2011
1,093
o p e r A t i n g i n v e s t m e n t i n c o m e 1 € mn € mn € mn interest and similar income (net of interest expenses) 3,717 3,588 3,508 operating income from financial assets and liabilities carried at fair value through income (net) 48 18 118 operating realized gains/losses (net) 21 42 57 operating impairments of ...
75
annual_report
DirectLineInsuranceGroupPLC-AR_2015
2,785
The subordinated guaranteed dated notes were issued on 27 April 2012 at a fixed rate of 9.25%. The nominal £500.0 million notes have a redemption date of 27 April 2042. The Company has the option to repay the notes on specific dates from 27 April 2022. If the notes are not repaid on 27 April 2022, the rate of interest ...
72
annual_report
HannoverRueckSE-AR_2018
858
Risks arising out of the areas of data protection and information security are integrated into the system of risk management as operational risks and monitored here.
26
annual_report
4644
1,705
During 2010, the $147.7 million of realized losses on sales of $1.4 billion of fixed maturity securities, available for sale, included: (i) $125.4 million of losses related to the sales of mortgage-backed securities and asset-backed securities; and (ii) $22.3 million of additional losses primarily related to various co...
49
10K
fr_axa-AR_2012
1,479
Expense Ratio decreased by 0.2 point to 30.2% with the administrative expense ratio down 0.4 point to 8.3%, largely due to the sale of Denplan in December 2011 and the expense effi ciencies embedded through restructuring programs. The acquisition ratio was up 0.2 point to 21.9% refl ecting an increase in commission rat...
92
annual_report
Sampoplc-AR_2011
2,732
The loans are issued with fixed interest rates for the first ten years, after which they become subject to variable interest rates. At that point, there is the possibility of redemption. All loans and their terms are approved by supervisory authorities. The loans are utilised for solvency purposes.
48
annual_report
fr_axa-AR_2009
7,204
At the May 14, 2007 Shareholders’ Meeting, shareholders approved a dividend distribution of €2,218 million with respect to the 2006 fi nancial year.
23
annual_report
AegonNV-AR_2018
1,556
Fixed compensation Mr. Wynaendts' fixed compensation increased with 2% in 2018 to EUR 1,294,867. The annual fixed compensation of Mr. Rider increased with 2% to EUR 918,000.
27
annual_report
4475
975
For hurricane events in Florida, we have reinsurance from the Florida Hurricane Catastrophe Fund (FHCF), which is a state-mandated fund designed to reimburse insurers for a portion of their residential catastrophic hurricane losses. Our participation in this mandatory program limits our initial retention in Florida for...
90
10K
INGGroepNV-AR_2007
144
Our high-performance product capabilities include vast experience in building savings products, mortgages, variable annuities, pensions and other investment products. With our full suite of products, we can accompany customers throughout their life cycle. We also have scale in each product category, and are one of the ...
97
annual_report
2742
865
incurring additional debt or liens (except for certain permitted debts and permitted liens);
13
10K
AvivaPLC-AR_2015
1,085
Effectiveness and evaluation As Chairman it is my role to provide leadership to ensure that it is possible to make high-quality decisions and ensure the operation of an effective Board. I am supported by all the directors but particularly by Sir Malcolm Williamson, the Senior Independent Director, who meets independent...
126
annual_report
ASRNederlandNV-AR_2014
566
All new suppliers (selected by Group Purchasing) undertake to register in the FIRA database (or can demonstrate that the environmental policy is already assured in another way, for instance by the sustainable repair business quality mark (‘keurmerk duurzaam herstelbedrijf’)); they have verified their policy and should ...
76
annual_report
nl_ing_grp-AR_2015
6,917
We also face the risk that the design and operating effectiveness of our controls and procedures may prove to be inadequate. Widespread outbreaks of communicable diseases, such as the outbreak of the Ebola virus, may impact the health of our employees, increasing absenteeism, or may cause a significant increase in the ...
165
annual_report
4568
1,078
Amortization of DAC. The decrease in amortization of DAC was largely attributable to the Citigroup reinsurance and reorganization transactions. Excluding approximately $65.6 million of DAC amortization that would have been recognized by the Citigroup reinsurers in 2010 had the Citigroup reinsurance transactions been ef...
72
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2013
1,318
But irrespective of this, there are long-term opportunities for expansion in reinsurance’s core business, since the property values in many regions exposed to natural hazards are increasing steeply and the demand for insurance is likely to grow at least as strongly as the supply of capacity from traditional reinsurers ...
75
annual_report
4681
2,700
Our statutory surplus is also impacted by widening credit spreads as a result of the accounting for the assets and liabilities in our fixed market value adjusted (“MVA”) annuities. Statutory separate account assets supporting the fixed MVA annuities are recorded at fair value. In determining the statutory reserve for t...
224
10K