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gb_lloyds_banking_grp-AR_2013
3,238
– non-core portfolio represented 7 per cent of total retail assets at 31 December 2013 and primarily comprised of specialist mortgages, which is closed to new business and has been in run-off since 2009.
34
annual_report
186
450
Benefits. Total life and annuity policy benefits increased $33.9 million, or 79%, from $42.9 million to $76.8 million. Approximately $24.4 million of this increase was due to the acquisition of CNL and the remaining amount was due to increased senior life insurance in-force. The senior life mortality experience exceede...
83
10K
218
241
in prior years. These liabilities, however, were not significant to the consolidated total in prior periods. Due to customary lags in underwriting activity reports from ceding companies in Europe, there may be correlated development of both premium and claims in the international operations and fluctuations due to curr...
66
10K
4172
1,567
Corporate’s adjusted loss from operations was higher in 2010, compared with 2009, primarily reflecting:
14
10K
LloydsBankingGroupPLC-AR_2019
2,096
Q1 and Q3 Interim Management Statements (‘IMS’) The Committee considered the processes and format of the Company’s IMS reporting and concluded that improvements could be made, which resulted in simplification of IMS reporting in Q1 and Q3 for 2019.
39
annual_report
2331
1,029
The Conduits enter into interest rate and foreign currency swaps primarily as economic hedges against interest rate and currency risks. The cross currency swaps qualify as fair value hedges of foreign currency risk under SFAS 133. The Company recognizes the earnings impact of cross currency swaps designated as fair val...
58
10K
SwissReAG-AR_2015
3,036
Debt financing vehicles Debt financing vehicles issue preference shares or loan notes to provide the Group with funding. The Group is partially exposed to the asset risk by holding equity rights or by protecting some of the assets held by the VIEs via guarantees or derivative contracts. The assets held by the VIEs cons...
67
annual_report
4405
860
R&W provider (e.g., the Bank of America Agreement), that credit is based on the agreement or potential agreement. In second lien RMBS transactions where there is no agreement or advanced discussions, this credit is based on a percentage of actual repurchase rates achieved across those transactions where material repurc...
253
10K
ScorSE-AR_2018
1,586
REPORT ON CORPORATE GOVERNANCE Executive compensation and share ownership 02 2.2.2. COMPENSATION OF EXECUTIVE COMMITTEE MEMBERS OTHER THAN THE CHAIRMAN AND CHIEF EXECUTIVE OFFICER
24
annual_report
4557
1,956
The carrying values of these guarantees can change significantly during periods of sizable and sustained shifts in equity market performance, equity volatility, interest rates or foreign currency exchange rates. Carrying values are also impacted by our assumptions around mortality, separate account returns and policyho...
48
10K
ASRNederlandNV-AR_2011
36
Although ASR has only held that name since 2008, the organization has a rich history that can be traced back through the brands that make up ASR today – Stad Rotterdam, AMEV and Woudsend Verzekeringen. A successful combination with roots that date back to 1720. With over 2 million customers, ASR is one of the largest i...
113
annual_report
StandardLifeAberdeenPLC-AR_2011
1,869
• Each projection allows for the gradual release of the residual estate over time to policyholders where there are sufficient funds
21
annual_report
5026
1,105
Our aggregate weighted average Default to Claim Rate assumption (net of denials and rescissions) used in estimating our primary reserve for losses was 52% at December 31, 2014 and 50% December 31, 2013. Our Default to Claim Rate estimates on defaulted loans are mainly developed based on the Stage of Default and Time in...
193
10K
580
290
Total borrowings at December 31, 1996 and 1995 were as follows:
11
10K
4323
1,193
The Company recognized $29.9 million of credit related losses for the year end December 31, 2010, primarily in various commercial mortgage-backed securities and to a lesser extent, U.S. corporate securities. For the nine-month period between the Date of Adoption and December 31, 2009, the Company recognized $78.4 milli...
220
10K
AvivaPLC-AR_2007
2,946
These guarantees are currently “out-of-the-money” by £53 million (2006: £69 million). This has been calculated on a deterministic basis as the excess of the current policy surrender value over the discounted value (excluding terminal bonus) of the guarantees. The value of these guarantees is sensitive to the performanc...
55
annual_report
5549
1,121
Our financing activities provided cash of $4.6 billion in 2018, compared to using cash of $82 million in 2017 and providing cash of $2.7 billion in 2016, respectively. Financing activities in 2018, 2017 and 2016 are discussed below.
38
10K
PhoenixGroupHoldingsPLC-AR_2020
983
The Group supported seven formal corporate charity partners during the year; Midlands Air Ambulance Charity, London’s Air Ambulance Charity, Hampshire and Isle of Wight Air Ambulance, Scotland’s Charity Air Ambulance, ALONE, Hilfe für krebskranke Kinder Frankfurt e.V, and Österreichische Krebshilfe Wien.
41
annual_report
gb_prudential-AR_2009
1,593
Basic earnings (loss) per share EEV earnings per share 305 49.8p (54.1)p
12
annual_report
NatixisSA-AR_2020
8,795
In the context of a pandemic marked by a high degree of uncertainty, Natixis made the following changes in 2020: an adjustment of the macroeconomic scenarios to take intoV account the effects of the health crisis on the calculation of the IFRS 9 provisioning parameters; a methodological refinement relating to the inclu...
62
annual_report
nl_ing_grp-AR_2017
1,487
In light of the planned reduction of the number of her directorships at other companies, the appointment of Margarete Haase will become effective as per 1 May 2018 (as decided by the Supervisory Board in January 2018). Following the effectiveness of her appointment, Margarete Haase will also be a member of the Audit Co...
123
annual_report
4447
2,773
Derivative activities are monitored and evaluated by the Company’s compliance and risk management teams and reviewed by senior management. In addition, the Company monitors counterparty credit exposure on a monthly basis to ensure compliance with Company policies and statutory limitations. The notional amounts of deriv...
196
10K
1249
403
Deferred tax assets increased approximately $3.8 million from $3.4 million at December 31, 1998 to $7.2 million at December 31, 1999 due primarily to deferred taxes on unrealized losses on fixed maturity and equity securities.
35
10K
1197
1,024
During the fourth quarter of 1998, LNC completed an organizational expense review that centered around the size and make-up of the parent company. LNC recorded a restructuring charge of $22 million (pre-tax) relating to the restructuring plan that resulted from this review. This charge was included in Underwriting, Acq...
294
10K
5327
1,313
These financial measures focus on our primary businesses principally by excluding the impact of market volatility, which could distort trends, and revenues and costs related to non-core products and divested businesses and certain entities required to be consolidated under GAAP. Also, these measures exclude results of ...
82
10K
3688
447
date. The following tables present our position in, and credit exposure to, derivative financial instruments as of December 31, 2008 and 2007.
22
10K
TrygAS-AR_2005
1,512
TrygVesta adopts IFRS for the first time in the annual financial statements for the year ended 31 December 2005, which will include comparative financial statements for the year ended 31 December 2004. With regard to IFRS TrygVesta have developed accounting policies based on the standards and related interpretations th...
67
annual_report
4702
1,924
Under the 6.375% Indenture, the Company can make Restricted Payments (as such term is defined in the 6.375% Indenture) up to a calculated limit, provided that the Company's pro forma risk-based capital ratio exceeds 225% after giving effect to the Restricted Payment and certain other conditions are met. Restricted Paym...
79
10K
2666
653
under certain third-party reinsurance treaties. Additionally, under certain conditions, RGA may be obligated to move reinsurance from one RGA subsidiary company to another or make payments under the treaty. These conditions include change in control of the subsidiary, insolvency, nonperformance under a treaty, or loss ...
51
10K
gb_lloyds_banking_grp-AR_2009
5,807
Details of preference shares that are classified as debt for accounting purposes are given in note 44.
17
annual_report
4333
724
Net loss ratio. The net loss ratio is a measure of the underwriting profitability of an insurance company’s business. Expressed as a percentage, this is the ratio of net losses and loss adjustment expenses (“LAE”) incurred to net premiums earned.
40
10K
5211
2,127
Our sources of operating funds consist primarily of premiums written, investment income, reinsurance recoveries and proceeds from offerings of debt and equity securities and from sales and redemptions of investments. We use the operating cash flows primarily to pay operating expenses, losses and loss adjustment expense...
116
10K
4141
833
The default inventory at December 31, 2009, 2008 and 2007 separated between our flow and bulk business appears in the table below.
22
10K
4515
622
Claims liabilities - The changes in the provision for unpaid claims, net of amounts recoverable from reinsurers, for the years ended December 31, 2012 and December 31, 2011 were as follows:
31
10K
5295
1,822
Our investment portfolio is structured to ensure a strong liquidity position over time in order to permit timely payment of policy and contract benefits without requiring asset sales at inopportune times or at depressed prices. In general, liquid assets include cash and cash equivalents, highly rated corporate bonds, u...
206
10K
NatwestGroupPLC-AR_2007
71
• RBS Greenwich Capital’s Interest Rate Derivatives business is ranked in the top five in the US.
17
annual_report
AvivaPLC-AR_2017
4,694
Equity risk is also managed using a variety of derivative instruments, including futures and options. Businesses actively model the performance of equities through the use of risk models, in particular to understand the impact of equity performance on guarantees, options and bonus rates. An equity hedging strategy rema...
101
annual_report
4383
4,390
Included in the fair value of derivative instruments are $(5) million classified as assets and $7 million classified as liabilities.
20
10K
PhoenixGroupHoldingsPLC-AR_2017
2,445
E3.1 Summary The fair values of derivative financial instruments are as follows: Assets 2017 £m
15
annual_report
RSAInsuranceGroupPLC-AR_2011
447
Investment income of £579m was up by 2% and benefited from continued action to mitigate the impact of falling yields, as well as a number of exceptional items including a £25m rent settlement in Denmark, around £10m from a combination of stronger Swedish index-linked income due to higher inflation levels and one-off di...
59
annual_report
SwissLifeHoldingAG-AR_2008
2,986
Total Board of Directors 14 397 1 Share ownership and the number of PSUs are shown in their entirety under the relevant details for the Corporate Executive Board (see tables below).
31
annual_report
2457
2,741
Key economic assumptions used in measuring the retained interests at the dates of securitizations completed during the year ended December 31, 2003 were as follows:
25
10K
NatwestGroupPLC-AR_2014
839
• Non-executive director, and member of the audit committee of Fiserv Inc
12
annual_report
342
203
INTEREST EXPENSE. Interest expense decreased to $1.1 million in 1996 from $1.3 million in 1995 and 1994 due to principal payments on the Series 1991A and 1991B Notes in December 1996, 1995 and 1994 and payment on the Senior Notes in December 1996 and 1995. The Series 1991A and 1991B Notes were paid in full in 1996. Int...
80
10K
1170
356
Under the American Agrisurance profit sharing agreement, American Agrisurance receives up to 50% of the crop insurance profit after certain expenses and a margin retained by the Insurance Companies based upon a formula established by the Company and approved by the Nebraska Department of Insurance. If the calculated pr...
89
10K
1796
1,229
Payments for losses and LAE of: Current year (831) (905) (780) Prior years (1,036) (936) (986) ------ ------ ------ Total payments (1,867) (1,841) (1,766)
24
10K
GjensidigeForsikringASA-AR_2011
1,253
results Gjensidige Annual Report 2011 gRoss estimated claims cost At the end of the accident year 8,802.9 9,800.9 9,811.2 10,926.7 10,953.2 11,665.1 11,647.8 11,145.4 13,049.1 13,882.8 - Eight years later 8,751.0 9,733.3 - Nine years later 8,753.3
37
annual_report
3712
776
During 2008, we recognized an other than temporary impairment loss of $32.0 million on securities issued by a U.S. based automobile manufacturer and its captive finance subsidiary. The company has experienced a decline in profitability and cash flow due to the weak economic environment. Although
45
10K
5134
1,849
During the first quarter of 2015, we completed the capitalization of our U.S. entities and commenced U.S. underwriting operations. Third Point Re USA made an election under Section 953(d) of the U.S. Internal Revenue Code of 1986, as amended, to be taxed as a U.S. entity. As a result, we expect to be subject to U.S. in...
68
10K
4545
1,312
The Company's stock incentive plans allow for the granting of restricted stock or restricted stock unit awards and options to purchase common stock. Both incentive stock options and nonqualified stock options can be awarded under the plans. No option will be exercisable for longer than ten years after the date of grant...
193
10K
1979
1,016
Specialty risk management operations generated a pre-tax loss of ($7.6) million for the year ended December 31, 2001 compared to a pre-tax loss of ($24.3) million for the comparable period in 2000. This was the result of a decrease in the Company’s loss and loss adjustment expenses and operating expenses on specialty r...
151
10K
3346
687
Depreciation and amortization expense also increased primarily as a result of acquiring Delta Plus, Brooke Savings Bank and Brooke Capital.
20
10K
2993
959
Medicare. For the year ended December 31, 2005, Medicare medical benefits expense increased $136.9 million, or 50%, to $412.2 million from $275.3 million for the same period last year. The increase was primarily due to the growth in membership, which accounted for $115.2 million of the increase. Increased healthcare co...
86
10K
fr_axa-AR_2008
7,392
Article 7 – Rights of holders of Preferred Shares in the event of changes in the share capital 1. In the event of division, reduction or increase in the nominal value of Ordinary Shares, the characteristics of the
38
annual_report
AdmiralGroupPLC-AR_2006
148
We’ll certainly miss the experience and big personalities of Kate and Andrew. I wish them all the best in their new lives.
22
annual_report
4356
1,289
the decrease in gross and net premiums written and net premiums earned in the Non-life segment. These decreases are primarily due to cancellations and non-renewals of business as a result of declines in pricing in certain competitive markets and the repositioning of the Company’s portfolio following the integration of ...
58
10K
PhoenixGroupHoldingsPLC-AR_2011
1,464
Expected volatility (%) 30.0 which is based on the Company’s share price volatility to date 30.0 which is based on the Company’s share price volatility to date.
27
annual_report
AegonNV-AR_2004
1,157
Commercial Paper Program. AEGON maintains back-up credit facilities to support outstanding amounts under its Commercial
15
annual_report
4697
930
2012 prior period reserve development: The reinsurance segment’s net favorable development of $190.3 million, or 16.8 points of net earned premium, consisted of $117.6 million from short-tailed lines and $72.7 million of net favorable development from medium-tailed and long-tailed lines. Favorable development in short-...
178
10K
AegonNV-AR_2007
2,261
Net income recognized directly in equity – (31) (2,164) (1,503) – (3,698) – (3,698)
14
annual_report
AvivaPLC-AR_2012
1,106
10%  Reduce water use by 4% 17%  Reduce waste generated by 4% (2)%  80% or above 0%  Meet/exceed GFS benchmark
24
annual_report
4947
1,058
In December 2012, we filed a universal shelf registration statement with the SEC for the potential offering and sale of securities, including debt and equity securities. The shelf registration facilitated our $150.0 million public debt offering completed in October 2013. The shelf registration will expire in December 2...
48
10K
282
415
Excess servicing rights--The fair value represents the present value of estimated future servicing revenues in excess of normal servicing revenues over the assumed life of the servicing portfolio.
28
10K
NatwestGroupPLC-AR_2020
5,772
Bank, potential counterparties and other banks; (vi) customer action or inaction, or the inability to obtain necessary approvals and/or support from governmental authorities, regulators, trade unions and/or other stakeholders resulting in additional cost, resource and delays; (vii) potential loss of customers, resultin...
133
annual_report
AegonNV-AR_2017
6,390
Disruptions in the global financial markets and general economic conditions may affect, and could have materially adverse effects on Aegon’s businesses, results of operations, cash flows and financial condition.
29
annual_report
INGGroepNV-AR_2003
2,067
Members of a Supervisory Board Committee, not being chairman of the Supervisory Board, received a remuneration of EUR 1,360 for that membership as well as an expense allowance of
29
annual_report
gb_prudential-AR_2005
5,057
Beyond the generic features described above, and the provisions held in respect of guaranteed annuities, there are very few explicit options or guarantees of the with-profits sub-fund such as minimum investment returns, surrender values, or annuity at retirement and any granted have generally been at very low levels.
48
annual_report
5789
595
Pension settlement and curtailment gains and losses - Adjustment to remove significant pension settlement and curtailment gains and losses to better present how the Company is performing.
27
10K
ScorSE-AR_2011
1,478
Other positions: Out of France: Director: - Deliciel AG (Switzerland) - SCOR UK Company Ltd (UK) - SCOR Switzerland AG (Switzerland) - SCOR Holding Switzerland AG (Switzerland) Zurich Companhia de Seguros Vida SA (Portugal) Member of the Advisory Board: - Accenture AG (Switzerland)
43
annual_report
4197
824
(2)We participate in the Federal Reserve Bank of New York's ("FRBNY") Term Asset-Backed Securities Loan Facility ("TALF"). TALF provides secured financing for asset-backed securities backed by certain types of consumer and small business loans and for legacy commercial mortgage-backed securities.
40
10K
TrygAS-AR_2015
1,470
D Contingent liabilities Companies in the Tryg Group are party to a number of disputes in Denmark, Norway and Sweden.
20
annual_report
443
1,080
The Company's Board of Directors has adopted a Shareholder Rights Plan. The rights provide protection against coercive or unfair takeover tactics, and are intended to encourage anyone seeking to acquire the Company to negotiate with the Board of Directors first. The plan was not adopted in response to any known effort ...
184
10K
2766
355
Effective January 1, 2001, we entered into a Pharmacy Benefits Management Agreement (the “PBM Agreement”) with Medimpact Healthcare Systems, Inc. (“Medimpact”). The PBM Agreement called for Medimpact to process and fill within its network of contracting pharmacies prescriptions for members of Maxicare Life and Health I...
175
10K
4308
943
debt security for assessing other-than-temporary impairments. The Company analyzes its perpetual preferred securities by examining credit ratings, contractual payments on these specific issues and other issues of the issuer, company specific data of the issuer and the outlook for industry sectors to ensure that it is a...
86
10K
nl_ing_grp-AR_2019
2,158
1 Pension accrual only applies to salary up to an annually set amount (i.e. €103,317 for 2017, €105,075 for 2018 and 2 Tanate Phutrakul was appointed to the Executive Board immediately following the 23 April 2018 AGM. Thus, the figures reflect a partial year as an Executive Board member.
49
annual_report
3682
1,143
At December 31, 2008, the fair value of the SERPs assets was $16 million (2007: $14 million), which include $4 million contributions we made during the year to cover primarily the cumulative actuarial losses experienced on the SERPs. The actuarial losses are primarily due to the less than expected investment return on ...
108
10K
5501
2,418
Income Tax Expense (Benefit). There was no income tax expense or benefit for the year ended December 31, 2016 compared to income tax expense of $1 million, or 5% of adjusted earnings before provision for income tax, for the year ended December 31, 2015. Our effective tax rate typically differs from the U.S. statutory r...
65
10K
5137
998
Invested assets increased from December 31, 2014 primarily due to strong operating cash flows. This was partially offset by spread widening and an increase in Treasury rates. The decrease in U.S. Treasury, agency and foreign government bonds is due to a strategic reallocation to municipal and corporate bonds in an effo...
77
10K
INGGroepNV-AR_2016
333
Delivering a differentiating customer experience section in the “Wholesale Banking” chapter.
11
annual_report
985
425
The Company's general account consists of a diversified portfolio of investments. Although all the assets of the general account support all the Company's liabilities, the Company's investment strategy group has developed separate investment portfolios for specific classes of product liabilities within the general acco...
88
10K
AvivaPLC-AR_2002
699
S – Fund for future appropriations The fund for future appropriations is used in conjunction with long-term business where the nature of the policy benefits is such that the division between shareholder reserves and policyholder liabilities is uncertain. Amounts whose allocation either to policyholders or shareholders ...
88
annual_report
1527
662
Our restructuring activities included the closing of several branch offices and streamlining our businesses. These activities included a reduction in the work force of approximately 1,700 employees. The Company incurred a charge of $8.6 million related to severance costs paid to terminated employees in 2000. The Compan...
88
10K
4659
2,335
Prior accident years, including prior accident year catastrophe losses - The following table provides a breakout of our property and casualty insurance operation’s prior year loss reserve development, including prior accident year catastrophe loss reserves, by type of business:
39
10K
4329
1,062
Net investment income increased $13.8 million, or 37.7%, to $50.4 million for the year ended December 31, 2009, from $36.6 million in 2008. This increase primarily reflects the increase in average invested assets from $0.9 billion in 2008 to $1.1 billion in 2009. This increase is in our average investment balance is du...
136
10K
de_allianz-AR_2016
2,015
for a court review of the appropriate amount of the cash settlement in a mediation procedure (“Spruchverfahren”). In September 2013, the district court (“Landgericht”) of Frankfurt dismissed the minority shareholders’ claims in their entirety. This decision has been appealed to the higher regional court (“Oberlandesger...
80
annual_report
AvivaPLC-AR_2014
3,630
Profit before tax from continuing operations 2,663 1,472 Adjustments for: Share of profits of joint ventures and associates (147) (120) Dividends received from joint ventures and associates 52 47 (Profit)/loss on sale of: Investment property (49) 2 Property and equipment (4) — Subsidiaries, joint ventures and associate...
49
annual_report
Sampoplc-AR_2019
3,678
At 31 December 2019 the Group has insurance contract liabilities representing amounting to mEUR 32,409 (31 December 2018: mEUR 29,805) which represents 82% of the Group’s total liabilities and it is thus the single largest liability of the Group. The insurance contract liabilities comprise life and non-life insurance c...
50
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2018
1,167
FS FREE Wind Farm San FS MOUNTAIN €m relayr Jenasen Augustine Louisiana II SYSTEMS
14
annual_report
NatwestGroupPLC-AR_2016
8,170
RoboScot Equity Ltd BF 24/25 St Andrew Square, Edinburgh, EH2 1AF, Scotland
12
annual_report
3535
736
The Company’s title insurance subsidiary, First American Title Insurance Company, maintained statutory capital and surplus of $309.1 million and $753.7 million at December 31, 2007 and 2006, respectively. Statutory net income for the years ended December 31, 2007, 2006 and 2005, was $12.1 million, $187.7 million and $2...
50
10K
3625
479
period in which the underlying policy was written and the loss event occurred. These types of subsequent adjustments are described separately as “prior year reserve development”. Such development can be either favorable or unfavorable to our financial results and may vary by line of business.
45
10K
4056
1,436
nature of much of the business underwritten, the rapidly emerging and changing nature of facts and circumstances surrounding large events and, for reinsurance business, the varying reserving practices among ceding companies as described above, reserve estimates are highly dependent on management’s judgment and are subj...
47
10K
1969
1,436
to state insurance departments, and became effective January 1, 2001. However, statutory accounting principles continue to be established by individual state laws and permitted practices. The Department required adoption of the Codification, with certain modifications, for the preparation of statutory financial stateme...
75
10K
2714
1,070
We do not consolidate our investments in qualifying special purpose entities (QSPEs), rather we recognize these investments as fixed-maturity or perpetual securities. All of our investments in QSPEs are held in our available-for-sale portfolio.
34
10K
4779
2,455
The Company reports separate account assets at their fair value which is based on the estimated fair values of the underlying assets comprising the individual separate account portfolios. Investment performance (including investment income, net investment gains (losses) and changes in unrealized gains (losses)) and the...
142
10K
4474
1,119
Unrealized gains (losses) on credit derivative contracts were $31.0 million and $2,817.8 million for 2011 and 2010, respectively. The net unrealized gains in fair value of credit derivatives reflect the same factors as the overall change in fair value of credit derivatives as noted above, adjusted for the reclassificat...
56
10K
5700
6,252
Unfavorable development in U.S. Personal Lines reflecting an increase in estimates in respect of the California wildfires and Hurricane Irma in 2017.
22
10K
HannoverRueckSE-AR_2017
831
Our reinsurance services do not give rise to any direct relevant environmental impacts. Rather, our services help to ensure that environmental risks are adequately insured and that the effects in the event of loss or damage can be rectified or mitigated. Beneficial social consequences are at the very core of insurance ...
109
annual_report
fr_axa-AR_2005
458
BSD officers also attend local boards of directors and are involved in major BU projects, such as acquisitions, partnerships and restructuring.
21
annual_report
ScorSE-AR_2010
1,780
At its meeting of 4 November 2010, the Company’s Board of Directors authorised, pursuant to Article L. 225-38 of the French Commercial Code, the issuance by SCOR SE, regarding the « Stand-By Letter of Credit Facility Agreement » with Deutsche Bank with a maximum amount of USD 325 millions dated 23 October 2008, of a fi...
85
annual_report