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5449
1,298
The Insurance Companies prepare their statutory-basis financial statements in conformity with accounting practices prescribed or permitted by the insurance departments of their domiciliary states. Prescribed statutory accounting practices primarily include those published as statements of statutory accounting principle...
86
10K
SwissLifeHoldingAG-AR_2008
756
In addition to its comprehensive Annual Report and Financial Statements, Swiss Life Holding also publishes its half-year results. All Swiss Life’s annual and half-year reports since 1997 can be accessed on the website, “Shareholders & Analysts” area, “Archive Reports” section (www.swisslife.com/en/annualreports). Twice...
89
annual_report
671
621
Wickes' principal sources of working capital and liquidity are earnings and borrowings under its revolving credit facility. Wickes' primary need for capital resources is to finance inventory and accounts receivable.
30
10K
AssicurazioniGeneraliSpA-AR_2016
3,356
bility clauses (e.g. malus, clawback, hedging restrictions) to protect financial solidity and the Group’s non-excessive exposure to risk.
18
annual_report
2379
1,236
On September 30, 2003, CNA Surety entered into a $50.0 million credit agreement, which consisted of a $30.0 million two-year revolving credit facility and a $20.0 million two-year term loan, with semi-annual principal payments of $5.0 million. The credit agreement is an amendment to a $65.0 million credit agreement, ex...
115
10K
5046
574
Liquidity exposure Contractholder funds were $20.54 billion as of December 31, 2015. The following table summarizes contractholder funds by their contractual withdrawal provisions as of December 31, 2015.
28
10K
5438
985
Reconciliation of Incurred and Paid Claims Development to the Liability for Unpaid Claims and Claim Adjustment Expenses
17
10K
StandardLifeAberdeenPLC-AR_2018
55
The Annual report and accounts 2018 and the Strategic report and financial highlights 2018 are published on the Group’s website at www.standardlifeaberdeen.com/annualreport Access to the website is available outside the UK, where comparable information may be different.
37
annual_report
4319
1,187
The Company’s universal life (“UL”), variable universal life, bank-owned life insurance (“BOLI”), and annuity products are subject to requirements under the ASC Financial Services-Insurance Topic and the recognition of the impact of reinsurance costs on the Company’s financial statements are in line with the requiremen...
237
10K
2171
428
Premiums ceded to reinsurers decreased to $2.2 million in 2002 from $11.4 million in 2001. The decrease in premiums ceded resulted from: (i) a $7.3 million reduction in premiums ceded under our $25,000 to $300,000 excess of loss reinsurance policy; (ii) a $1.4 million reduction in excess of loss premiums ceded resultin...
85
10K
fr_axa-AR_2016
572
Germany 5 5.7 GDV (German association of Insurance companies) as of December 31, 2015. 2016 information not available.
18
annual_report
3986
1,676
The Company uses derivative financial instruments including swaps, options, and futures as a means of hedging exposure to interest rate, currency and equity price risk. Derivatives are carried at fair value and changes in fair value are recorded as a component of derivative income or loss.
46
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008
1,162
The other strategic debt was incurred to finance our operating activities in the long term. A portion of this, namely US$ 79m of the Munich Re America Corporation senior bond, was paid back in August 2008 through a cash tender offer.
41
annual_report
CNPAssurancesSA-AR_2009
4,839
Number of shares held in the portfolio at 31 December 2009 504,263
12
annual_report
HiscoxLtd-AR_2017
821
Details of pension entitlements All open Hiscox retirement schemes are based on defined contributions. BE Masojada, RC Watson and HA Hussain hold lifetime allowance protection certificates and have therefore opted out of the Company pension scheme. They receive a 10% cash allowance (less an offset for the employer’s UK...
76
annual_report
de_allianz-AR_2008
4,128
Due to the sale of Dresdner Bank to Commerzbank on January 12, 2009 the table above does not include certain CDOs that Allianz Group has repurchased from Dresdner Bank after the completion of the sale to Commerzbank. The amount of these assets as of December 31, 2008 was � 1.1 bn and is presented in non-current assets ...
67
annual_report
2391
2,129
In connection with the IPO, we entered into a master agreement and a number of other agreements with GE for the purpose of accomplishing our separation from GE, transferring the businesses to us and setting forth various matters governing our relationship with GE while GE remains a significant stockholder in our compan...
121
10K
de_allianz-AR_2011
788
during the past four years, we have managed to preserve a steady momentum in developing our South Korean business. in 2011, Allianz life Korea established a new sales channel of professional advisors that have abundant field experience in providing financial advice.
41
annual_report
BaloiseHoldingLtd-AR_2017
2,463
an agreement was signed on 18 December 2017, under which Basler Beteiligungsholding GmbH is selling its long-term equity investment in RolanD Rechtsschutz Beteiligung GmbH. this reclassification affects the other activities operating segment.
32
annual_report
Sampoplc-AR_2005
1,693
37 legal proceedings There are a number of legal proceedings against the Group companies outstanding on 31 December 2005, arising in the ordinary course of business. No provisions have been made as professional advice indicates that it is unlikely that any significant loss will arise.
45
annual_report
gb_prudential-AR_2012
1,194
Appointments Board: August 2007 Chairman of the Audit Committee: October 2009 Risk Committee: November 2010 Nomination Committee: July 2012
19
annual_report
5076
905
Should UVE default on either the DB Loan (defined below) or the Term Loan, it will be prohibited from paying dividends to its shareholders.
24
10K
4721
1,197
Summarized below are the key financial highlights for the year ended December 31, 2013. For additional information, refer to the "Results of Operations" section which discusses both consolidated and segment results in more detail.
34
10K
AegonNV-AR_2006
3,938
employees, have been offered both share appreciation rights and share options. These share appreciation rights and share options have been granted at an exercise price equal to the market price of the shares at the date of the grant. The rights and options granted in 2006, 2005 and 2004 vest after three years and can o...
156
annual_report
4918
2,473
Certain 2012 and 2013 amounts have been reclassified to conform to the 2014 presentation.
14
10K
4730
1,667
Automobile policies provide coverage for liability to others for both bodily injury and property damage, uninsured motorist protection, and for physical damage to an insured's own vehicle from collision, fire, flood, hail and theft. In addition, many states require policies to provide first-party personal injury protec...
52
10K
95
405
Life and Annuity Premiums: This revenue category represents the premiums on traditional type products. However, sales in most of the Company's markets currently consist of non-traditional types such as universal life and investment annuities. Although 1994 reflects a small increase in these revenues, the Company will c...
64
10K
gb_lloyds_banking_grp-AR_2016
2,115
Long-term awards made in March 2014 vesting for the period ended on 31 December 2016 (audited) Awards (in the form of conditional rights to free shares) in 2014 were made over shares with a value of 300 per cent of reference salary for the GCE and 275 per cent of salary for the CFO and CRO.
56
annual_report
5371
2,166
Annuity policy charges and other miscellaneous income, which consist primarily of surrender charges, amortization of deferred upfront policy charges (unearned revenue) and income from sales of real estate were $7 million in the fourth quarter of 2017 compared to $13 million in the fourth quarter of 2016, a decrease of ...
173
10K
5065
632
The increase (decrease) in fair value recognized for the years ended December 31, 2015, 2014 and 2013 on contracts still held at each respective period-end was $1 million, $8 million and $(2) million. The gains recognized during the years ended December 31, 2015, 2014 and 2013 on contracts that settled were $24 million...
58
10K
458
596
Although third-party assets managed by ARM Capital Advisors have grown since the KBIMA acquisition, the Company believes that market attitudes towards developing an asset management service for defined benefit pensions plans within a holding company structure consisting predominantly of insurance companies has constrai...
191
10K
LloydsBankingGroupPLC-AR_2009
3,412
Column (d) is the equivalent transfer value, but calculated as at 31 December 2008 on the assumption that the director left service at that date.
25
annual_report
TrygAS-AR_2010
1,222
Date No. a) Company announcement 25.02.2010 3 TrygVesta Forsikring AS Annual report 2009 11.03.2010 4 TrygVesta sells marine hull business 15.03.2010 5 TrygVesta changes name to Tryg 18.03.2010 6 Notice of the annual general meeting of TrygVesta A/S
38
annual_report
4929
1,508
(10) In May 2014, ProCentury committed to a $2.0 million contribution to the Michigan Income & Principal-Protected Growth Fund, L.P. as a strategic investment. As of December 31, 2014, $440,000 of the commitment had been satisfied with $1.56 million of unfunded commitment remaining. The remainder of the capital commitm...
81
10K
fr_axa-AR_2007
866
(1) Part of these expenses are located in the With-Profit funds and therefore are borne by policyholders. (2) The deferred policyholder tax on unrealized gains is undiscounted when provided on Life unit linked assets and discounted when provided on unit linked liabilities. The IFRS
44
annual_report
fr_axa-AR_2014
4,138
We use derivatives (including amongst others, equity futures, treasury bond futures, interest rates swaps and swaptions, equity options and variance swaps) to hedge certain, but not all, risks under guarantees provided to our clients.
34
annual_report
AvivaPLC-AR_2017
1,935
Last year, we outlined our commitment to increasing the focus on our diversity agenda at Aviva and our ambition of inclusivity across the Group. This continues to be central to our values and critical to the success of our business. Further to the UK GPGR requirements introduced in the UK in April 2017, we released our...
59
annual_report
4107
2,603
As of December 31, 2009, we did not hold any fixed maturity securities in any single issuer, other than securities issued or guaranteed by the U.S. government, which exceeded 10% of stockholders’ equity.
33
10K
BeazleyPLC-AR_2017
2,061
Company Balance at 1 January 2016 – – – Share based payments 22.5 – 22.5 Acquisition of own shares held in trust – (4.6) (4.6) Transfer of shares to employees (2.7) 4.7 2.0
33
annual_report
ScorSE-AR_2018
4,870
◆ investments and forward instruments issued in non-OECD countries 1,147 1,146 1,182 36
13
annual_report
gb_prudential-AR_2011
5,035
The tax charge comprises: Tax charge on operating profit based on longer-term investment returns: Long-term business: Asian operationsnote (i) 402 329 US operations 487 509 UK insurance operationsnote (i) 221 260
31
annual_report
StorebrandASA-AR_2016
1,499
Septembers. Pensions that are paid out are indexed if the consolidated figures on 30 September exceed 107 per cent, and half of the fee is charged. The whole fee is charged if the consolidated figures on 30 September exceed 120 per cent, in which case paid-up policies can also be included. The total fee equals 0.8 per ...
62
annual_report
StorebrandASA-AR_2017
2,984
Storebrand Bank has issued two credit facilities to Storebrand Boligkreditt AS. One of these is an ordinary overdraft facility, with a ceiling of NOK
24
annual_report
AegonNV-AR_2018
7,842
New premium production accident and health insurance 213 95 308 473 303 776
13
annual_report
4534
2,110
In 2012, we began using a Monte Carlo valuation, which assumes a derived service period of between 3.14 years and 4 years instead of an expected life assumption.
28
10K
RaiffeisenBankInternationalAG-AR_2014
1,268
Net expense from allocation and release of other provisions (24,702) 4,195
11
annual_report
PosteItalianeSpA-AR_2019
2,607
Purchases of consumables relating to ream paper for internal use within the Group, supply of labels, various packaging, forms and cartons comply, where applicable, with the “Minimum Environmental Criteria” set by the Ministry of the Environment on 4 April 2013 and those relating to original and regenerated printer cons...
68
annual_report
1868
1,243
As a result of SFAS 133, all derivatives are recognized as either assets or liabilities in the statement of financial position and measured at fair value. If certain conditions are met, a derivative may be specifically designated as one of the following:
42
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2003
1,200
The structure and systems of our risk management are designed by our central risk controlling unit and are implemented throughout the Munich Re Group by decentralised risk controllers in the operative units, who adjust to them to current situations where required. Ultimately, the Board of Management is responsible for ...
62
annual_report
2134
1,802
of this program, we purchased 5.6 million shares of our common stock from 1999 to 2002, which includes 3.3 million purchased in 2002 at an aggregate cost of $65.5
29
10K
NatixisSA-AR_2017
2,188
Adverse market or economic conditions may negatively affect the net revenues, profitability and financial condition of Natixis
17
annual_report
AegonNV-AR_2001
197
Banamex by Citigroup in 2001, AEGON sold its joint venture interests back to Banamex, yielding a substantial capital gain. The economics and overall experience in
25
annual_report
2392
2,030
Includes AIG Global Investment Group and certain smaller asset management operations.
11
10K
GjensidigeForsikringASA-AR_2015
2,614
Workers' compensation insurance in Denmark Need for impairment app. NOK 96 million No need for impairment No need for impairment Need for impairment app.
24
annual_report
NatixisSA-AR_2008
9,822
Carlo VaR simulation and, following a review in 2008, has been approved by the French Banking Commission for use for regulatory purposes.
22
annual_report
INGGroepNV-AR_2005
513
Paul de Meester was a director at BBL. He was appointed in 1998, following the acquisition of BBL. He was a member of the Audit Committee since 2002. In both the Supervisory Board and Audit Committee, Mr. De Meester had always a fresh view on the many subjects that were discussed.
51
annual_report
NatixisSA-AR_2003
4,941
Auditors’ report on the 2003 consolidated financial statements Financial year ended 31 December 2003
14
annual_report
PowszechnyZakladUbezpieczenSA-AR_2010
238
Net profit/loss on investing activities 2 781 840 3 469 001 -19.8%
12
annual_report
NatixisSA-AR_2016
11,737
Evaluation) SREP (Supervisory Review and funding. The supervisor sends the bank the SREP decisions at the end of the process and sets business model, governance and risk management, risk to capital, and risk to liquidity and authorities a set of harmonized tools to analyze a bank’s risk profile from four different angl...
78
annual_report
fr_axa-AR_2004
478
Adjusted earnings and net income were €-8 million, following the booking of €1 million losses on sales of fixed maturities in June.
22
annual_report
5938
1,191
The deferred tax assets and deferred tax liabilities listed in the table above relate to temporary differences between the Company’s accounting and tax carrying values and carryforwards for its companies in the United States. Management believes it is more likely than not that the remaining deferred tax assets will be ...
72
10K
3507
3,714
Net investment income. When interest and principal payments on investments are current, the Company recognizes interest income when it is earned. The Company stops recognizing interest income when interest payments are delinquent or when certain terms (interest rate or maturity date) of the investment have been restruc...
62
10K
5226
644
Accrued compensation and related costs increased by $5.6 million in 2016 compared with 2015, primarily due to increased incentive compensation payments accrued at year end due to improved operating results in 2016.
32
10K
5138
2,606
For the years ended December 31, 2015 and 2013, there were no charges to income as a result of our PVFP recoverability testing. During the fourth quarter of 2014, the loss recognition testing for our acquired block of long-term care insurance business resulted in a premium deficiency. As a result, we wrote off the enti...
105
10K
fr_axa-AR_2010
1,439
Group underlying earnings amounted to €3,880 million. On a constant exchange rate basis, underlying earnings decreased by €112 million (-3%), driven by Asset Management, Holdings and Property & Casualty, partly offset by an increase in Life &
37
annual_report
NatwestGroupPLC-AR_2014
4,577
Secured encumbered % of related Liquidity Other (4) Cannot be and conduits bonds balances assets (2) assets portfolio Other realisable encumbered (5)
22
annual_report
5547
1,108
Following the closing of the sale of Laguna, we recorded a loss on sale of $16.3 million for the year ended December 31, 2017, which has been included in earnings from continuing operations before income taxes in our consolidated statement of earnings. This loss includes a cumulative currency translation adjustment bal...
142
10K
821
226
The Company anticipates that premium income from this line will remain flat.
12
10K
4664
559
A low interest rate environment typically has a favorable impact on many of the Company’s businesses. However, in recent years mortgage credit has been generally tight, which together with the uncertainty in general economic conditions, has impacted the demand for most of the Company’s products and services. During 201...
81
10K
AvivaPLC-AR_2017
3,172
Assets Goodwill, AVIF and other intangibles 161 Financial investments 4,402 Other assets 154 Cash and cash equivalents 440
18
annual_report
SwissLifeHoldingAG-AR_2002
299
He joined the Roche Group in1986 where he served as Group Chief Financial Officer and Member of the Executive Committee until 2000. Mr Meier became a member of the Swiss Life/Rentenanstalt Board of Directors in 2001. In November 2002 he was subsequently elected to the Board of Directors of the newly established Swiss L...
55
annual_report
RSAInsuranceGroupPLC-AR_2020
1,998
8. Respective responsibilities Directors’ responsibilities As explained more fully in their statement set out on page 93, the directors are responsible for: the preparation of the financial statements including being satisfied that they give a true and fair view; such internal control as they determine is necessary to ...
120
annual_report
de_allianz-AR_2008
2,057
We distribute our products through more than 11,000 agents and brokers in Spain, and more than 5,000 in Portugal.
19
annual_report
2844
1,526
• analysis of investments with gross unrealized investment losses that have fair values less than 80% of amortized cost during successive quarterly periods over a rolling one-year period;
28
10K
2721
747
A federal income tax expense of $2.8 million was recorded for 2004, which included a $5.0 million reduction to the deferred tax valuation allowance. As a result of our continued profitability, a projection of continued taxable income in future periods, and the corresponding utilization of a portion of the net operating...
161
10K
HiscoxLtd-AR_2006
1,553
fåí~åÖáÄäÉ=~ëëÉíë EPTTF Ó Ó Ó EPTTF fåîÉëíãÉåí=áå=~ëëçÅá~íÉÇ=ÉåíÉêéêáëÉë ENVNF Ó Ó Ó ENVNF cáå~åÅá~ä=~ëëÉíë Ó EPITURF Ó Ó EPITURF fåëìê~åÅÉ=Åçåíê~Åíë=Ó=Éèì~äáë~íáçå=éêçîáëáçåG ERISPTF EQOTF Ó Ó ESIMSQF líÜÉê=áíÉãë ENIUOSF ENIUOUF Ó Ó EPISRQF
30
annual_report
3478
1,346
Richey. R. K. Richey, Chairman of the Executive Committee of Torchmark until April, 2005 and formerly a director and Chief Executive Officer of Torchmark, was at that time a minority investor in a real estate management company, Commercial Real Estate Services (CRES). CRES manages certain of Torchmark’s company-occupie...
116
10K
5835
1,271
•Expected Loss Ratio Method ("ELR Method"): This method estimates ultimate losses for an accident year or underwriting year by applying an expected loss ratio to the earned or written premium for that year. Generally, expected loss ratios are based on one or more of (a) an analysis of historical loss experience to date...
146
10K
nl_ing_grp-AR_2016
2,860
ING Group Annual Report 2016 155 14 Financial liabilities at fair value through profit or loss
16
annual_report
223
125
The Company has established a non-unitized separate account for amounts allocated to the fixed portion of a certain combination fixed/variable deferred annuity contract. The assets of this account are available to fund general account liabilities and general account assets are available to fund liabilities of this acco...
47
10K
4659
4,667
For the year ended December 31, 2012, Level 1 to Level 2 transfers in the Indemnity totaled $5 million. Trading activity levels for two preferred stock holdings necessitated reclassification between levels. There were no Level 2 to Level 1 transfers in Indemnity for the year ended December 31, 2012.
49
10K
4706
1,069
Company expects less than $1 million of contributions will be required for its U.S. tax-qualified plan through the end of 2014.
21
10K
PosteItalianeSpA-AR_2018
858
'Provisions for risks and charges (980) (16) (512) (11) (1) (1,519)
11
annual_report
ScorSE-AR_2014
1,913
The fair value of financial instruments that are actively traded in organized financial markets is determined by reference to quoted market bid prices, at the close of business on the balance sheet date. If quoted market prices are not available, reference can also be made to broker or dealer price quotations.
51
annual_report
2804
836
Net periodic benefit costs for the SERPs and Agents Non-Qualified Plan, for the years ended December 31, 2005, 2004, and 2003, were as follows:
24
10K
469
490
During 1996, the estimated fair value of the warrants has declined from a loss (pre-tax) of $1.3 million at December 31, 1995 to a loss (pre-tax) of $5.2 million at December 31, 1996. The total decrease in the fair value of the warrants of $5.2 million (pre-tax) has been recorded as a contra asset in "Other Assets" in ...
121
10K
de_allianz-AR_2008
2,640
IFRS 7 requires to group financial instruments into classes that are appropriate to the nature of the information disclosed and that take into account the characteristics of those financial instruments. The scope of IFRS 7 includes recognized and unrecognized financial instruments. Recognized financial instruments are ...
79
annual_report
LloydsBankingGroupPLC-AR_2007
817
Risk drivers The Group’s risk language is designed to capture the Group’s principal risks referred to as the ‘primary risk drivers’. A description of each risk, including definition, appetite, control and exposures is included in the detail to this report. These are further broken down into 25 more granular risk types ...
66
annual_report
AvivaPLC-AR_2011
543
General insurance and health insurance General insurance and health insurance together accounted for 23% of our total worldwide sales for the year ended 31 December 2011. In the year ended 31 December 2011, we reported general and health insurance net written premiums of £9.2 billion.
45
annual_report
ScorSE-AR_2012
1,100
The Societas Europaea statute enables SCOR to strengthen its European and transnational identity, facilitate acquisitions in
16
annual_report
fr_axa-AR_2006
2,914
Other French Holdings Underlying earnings decreased by €5 million to €15 million mainly due to AXA Tech holding which benefited notably last year from higher dividends.
26
annual_report
4120
1,814
Investment income on equity decreased by $8.8 million due to a reduction in the amount of assets available for investment in 2009 compared to 2008.
25
10K
5203
1,579
Benefits and settlement expenses activity was $55.4 million in service contract claims, $47.2 million in GAP claims and $4.1 million in credit insurance claims.
24
10K
5855
1,481
GMDB is accounted for as assumed and ceded reinsurance and GMIB assets and liabilities are reported as derivatives at fair value as discussed below. GMIB assets are reported in Other current assets and Other assets, and GMIB liabilities are reported in Accrued expenses and other liabilities and Other non-current liabil...
50
10K
1326
288
In recent periods, conditions in the credit markets have resulted in less-attractive pricing of certain lower-rated securities in our securitization structure. As a result, we have chosen to hold rather than sell some of the securities in the securitization trusts, particularly securities having corporate guarantee pro...
125
10K
SwissReAG-AR_2003
920
9 July Life & Health reports 2002 embedded value Swiss Re’s Life & Health Business Group reported embedded value of CHF 16.3 billion for 2002. Growth in embedded value of CHF 1.2 billion from earnings and capital movements was more than offset by the negative impact of exchange rate movements.
50
annual_report
2769
931
Approximately 29,000 square feet of office space for our mortgage insurance regional offices, service centers and on-site offices throughout the United States. We negotiated early termination buy-outs for the service center leases that were expiring in 2005. The leases for this space now expire between 2006 and 2010;
48
10K
1982
642
Our overall effective tax rate was 33.2% in 2001 as compared to 30.8% in 2000. As a result of the increased profitability of our operating segments, valuation allowances on certain of the tax loss carryforwards were no longer considered necessary during both 2001 and 2000. The amount of the valuation allowance released...
100
10K
fr_axa-AR_2017
1,328
These decisions reflected the Board’s conclusions that splitting the roles of Chairman and Chief Executive Off icer was in the best interest of the Company at that time. The Board concluded that the separation of roles would ensure that the Group benefits from the mix and complementarity of the respective experiences a...
69
annual_report
2884
2,456
•Its U.K. reinsurance brokerage runoff unit, which was previously included in the Risk and Insurance Brokerage Services segment, resulting in a pretax gain of $1 million.
26
10K