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HiscoxLtd-AR_2005
906
In accordance with the transitional arrangements contained in the standard, only share options granted after 7 November 2002 but not yet vested at 1 January 2005 were included in the calculations.
31
annual_report
17
536
Policy loans: The carrying amounts reported in the balance sheet for policy loans approximate their fair values.
17
10K
4908
12,907
Using a value orientation, Prospector invests in positions in the United States and other developed markets. Prospector’s investment strategy consists of a bottom-up fundamental value analysis with an emphasis on balance sheet strength. Prospector puts particular emphasis on (i) private market value, (ii) free cash flo...
77
10K
5512
2,015
Professional liability reserves were reduced, principally for accident years 2014 and prior, for directors and
15
10K
4652
3,176
Includes $76 million of perpetual debt that has no stated maturity. Maturities on the remaining debt ranges from 2014 to 2026.
21
10K
fr_axa-AR_2013
8,602
(a) The net increase of €491 million is explained by: ■ a €619 million increase in the capital of AXA Mediterranean Holding, including €300 million to reduce its level of corporate debt and €207 million in fi nancing its activities in Turkey; ■ a €60 million increase in AXA Asia’s capital to foster the development of i...
80
annual_report
5103
767
Our Specialty Personal Lines operating unit is located at 6500 Pinecrest, Suite 100, Plano, Texas. The suite is located in a one story office building and contains 23,941 square feet of space. The rent is currently $27,931 per month pursuant to a lease that expires December 31, 2020.
48
10K
PowszechnyZakladUbezpieczenSA-AR_2017
2,622
The proxy document to participate in the Shareholder Meeting and exercise the voting right must be granted in writing or electronically. One PZU share gives the right to a single vote at the Shareholder Meeting, subject to restrictions with respect to exercising the voting rights described in the Company’s
49
annual_report
AvivaPLC-AR_2015
5,572
Further information on the maturity profile, currency and interest rate structure of our borrowings is presented in ‘IFRS Financial statements – Note 49 – Borrowings’. Commercial paper is issued for terms up to 12 months and is generally reissued at maturity. The earliest repayment date for other debt instruments is a ...
90
annual_report
fr_axa-AR_2015
4,589
Counterparty credit risk is defi ned as the risk that a third party in a transaction will default on its commitments. Given the nature of its core business activities, AXA monitors two major types of counterparties, using methods suitable to each type: ■ investment portfolios held by the Group’s insurance operations
51
annual_report
5801
638
Other non-operating expense was down meaningfully for the twelve months ended December 31, 2019, as the prior year period included $9.8 million associated with debt refinancing, described in Note 14 - Long-Term Debt to our audited consolidated financial statements appearing elsewhere in this Form 10-K. In 2018, these n...
94
10K
SwissLifeHoldingAG-AR_2018
823
At Swiss Life, customer orientation is of central importance for corporate success. Swiss Life continuously assesses customer satisfaction at the key contact points. Customer centricity managers in all divisions analyse customer feedback with their teams locally.
36
annual_report
RaiffeisenBankInternationalAG-AR_2017
540
increase was also due to the issue of € 650 million in AT1 capital. Total risk-weighted assets were up € 3,992 million to € 71,902 million. This includes an inorganic effect of € 2,784 million as the Polish regulator increased the risk weight of collateralized mortgage loans to 150 per cent (instead of previously 35 pe...
141
annual_report
NatixisSA-AR_2018
10,762
allocation (90% of assets) invests in listed companies planning to create jobs in France over 3 years, based on analysis performed by Mirova. The employee headcount in the listed companies in which the fund invests increased by an average of 10% over the review period (2014-2017), while it was stable for CAC 40 compani...
72
annual_report
Sampoplc-AR_2007
821
The risks in Sampo Group are aggregated internally through an economic capital framework, which describes the amount of capital needed to bear diff erent types of risks. The economic capital tied up in the Group’s operations was eur 3,395 million (3,419), which is well covered by the Group’s capital base. The major ris...
167
annual_report
NatwestGroupPLC-AR_2007
3,051
These post-retirement mortality assumptions are derived from standard mortality tables used by the scheme actuary to value the liabilities for the main scheme. Following a comprehensive review of the mortality experience of the main scheme over the last three years by the scheme actuary, different standard mortality ta...
64
annual_report
5823
473
The Company maintains a high degree of liquidity within its investment portfolio in the form of cash, short-term investments, and other readily marketable securities. As of December 31, 2020, the Company held cash and cash equivalents of $13.7 million, short-term investments of $15.2 million, available-for-sale fixed m...
77
10K
NatwestGroupPLC-AR_2015
5,241
We are required to comply with the Financial Reporting Council’s Ethical Standards for Auditors and we confirm that we are independent of the Group and we have fulfilled our other ethical responsibilities in accordance with those standards. We also confirm we have not provided any of the prohibited non-audit services r...
55
annual_report
RSAInsuranceGroupPLC-AR_2010
493
In 2011, market conditions look mixed reflecting continued macroeconomic uncertainties and the competitive nature of the market.
17
annual_report
NatixisSA-AR_2013
1,396
Chairman of the Board of Directors of: Natixis Global Asset Management Member of the Board of: Sequana (1) (2), Arkema (1) (2), Lazard Ltd (1) (2)
26
annual_report
4936
1,091
Total consideration for the acquisition of Fortegra was funded through parent's cash on hand of $91,740 and borrowings of $120,000. The purchase price of Fortegra was largely determined on the basis of management’s expectations of future earnings and cash flows, resulting in the recognition of goodwill. The preliminary...
101
10K
1827
352
The Company writes workers' compensation business through its Accident Department. This business is ceded 100% to an affiliate, The Travelers Indemnity Company.
22
10K
5868
3,084
Net earned premiums (“NEP”) for AFG’s property and casualty insurance segment were $1.33 billion for the fourth quarter of 2020 compared to $1.37 billion for the fourth quarter of 2019, a decrease of $45 million (3%). Detail of AFG’s property and casualty net earned premiums is shown below (dollars in millions):
51
10K
NatixisSA-AR_2011
153
Equity Linked Finance (ELF) (4) originates, structures and executes fi nancial engineering transactions in listed and/or related holdings, using all types of fi nancial instruments, predominantly options. In 2011, Natixis set up an innovative convertible bond swap for Air France to offset the risk of the early redempti...
56
annual_report
RaiffeisenBankInternationalAG-AR_2012
17
Key ratios 1/1–31/12 1/1–31/12 1/1–31/12 Return on equity before tax 9.7% (4.0) PP 13.7% 13.7% Return on equity after tax 7.0% (2.7) PP 9.7% 12.5% Consolidated return on equity 7.4% (3.4) PP 10.8% 13.0% Cost/income ratio 63.5% 6.5 PP 57.0% 55.1% Return on assets before tax 0.73% (0.25) PP 0.98% 0.90% Net interest margi...
72
annual_report
ch_zurich_insurance_group-AR_2016
1,425
1 Mario Greco was appointed Group CEO effective March 7, 2016, Mike Foley was appointed CEO North America effective July 1, 2016, Gary Shaughnessy was appointed CEO EMEA effective July 1, 2016 and Kristof Terryn was appointed Group Chief Operating Officer effective July 1, 2016.
45
annual_report
3172
1,086
Net cash provided by operating activities was $133.2 million for 2006 compared to $106.8 million for 2005. Net cash provided by operating activities in both years is primarily attributable to cash received on written premiums exceeding the cash disbursed for operating expenses and losses and loss adjustment expenses. N...
107
10K
3515
1,138
On December 29, 2004, the Company issued surplus notes in the aggregate principal amount of $400.0 (the “Notes”), scheduled to mature on December 29, 2034, to its affiliates, ING Life Insurance and Annuity Company, ReliaStar Life Insurance Company, and Security Life of Denver International, Limited, in an offering that...
129
10K
1307
1,104
D. Investments Fixed maturities and other stocks at December 31, consisted of the following (in millions):
16
10K
1833
402
(1) Intersegment eliminations for revenues and expenses are primarily for management, administrative and investment services provided by Midwest Holding. Eliminations for assets consist primarily of investments in wholly-owned subsidiaries, intersegment receivables for management fees and reclassifications between asse...
44
10K
gb_prudential-AR_2009
2,689
Fair value (as included in statement of financial position)† 22,668 23,999
11
annual_report
4959
2,963
For the commercial mortgage loan securitization entity, our primary economic interest represents the excess interest of the commercial mortgage loans and the subordinated notes of the securitization entity.
28
10K
5150
2,325
The following is a description of legal proceedings involving AGMH’s former Financial Products Business. Although the Company did not acquire AGMH’s former Financial Products Business, which included AGMH’s former GIC business, medium term notes business and portions of the leveraged lease businesses, certain legal pro...
112
10K
5949
1,154
The allowance for estimated credit losses is measured using a loss-rate method on an individual asset basis. Inputs used include asset-specific characteristics, current economic conditions, historical loss information and reasonable and supportable forecasts about future economic conditions.
37
10K
752
302
Income from interest in properties relates to the Partnership's 50% co-investment in several warehouse properties (the Unit warehouses). Income from this source decreased from $606,558 in 1996 to $435,296 in 1997, for a total decrease of $171,262. The primary reason for the decrease was due to the sale of the Partnersh...
59
10K
4948
1,461
We maintain a comprehensive reinsurance program at levels management considers adequate to diversify risk and safeguard our financial position. Increases in the costs of this program, or the failure of our reinsurers to meet their obligations in a timely fashion, may have a negative impact on liquidity.
47
10K
3575
2,016
At December 31, 2007 and 2006, we had no other off-balance sheet arrangements.
13
10K
BeazleyPLC-AR_2018
1,005
In July 2018 Beazley backed the Inclusion Behaviours Pledge. This is a public commitment made by members of the insurance sector, which reinforces Beazley’s promise to challenge inappropriate behaviour and create increasingly welcoming and inclusive workplaces in our sector. In the UK, Beazley has joined the Women in B...
69
annual_report
de_allianz-AR_2014
2,077
Premiums for long-duration insurance contracts are recognized as earned when due. Long-duration insurance contracts are contracts that are not cancelable by the insurance company, guaranteed to be renewable and expected to remain in force over an extended period of time.
40
annual_report
HannoverRueckSE-AR_2011
2,996
larly aiming to grow our gross premium income organically by 5% to 7%.
13
annual_report
INGGroepNV-AR_2009
452
Risk costs increased significantly to EUR 1,210 million compared with EUR 596 million in 2008. The risk costs included provisions that were driven by large files, amongst others in Structured Finance, reflecting the economic recession. In the second half of 2009, risk costs came down partly due to releases from prior p...
124
annual_report
fr_axa-AR_2016
6,102
Report for the year ended December 31, 2016, which is fi led with the SEC; ■ summarized fi nancial information for AXA MPS is as follows
26
annual_report
gb_prudential-AR_2013
5,580
Total included in statement of financial position 34.8 35.6 104.3 91.4 156.8 153.7 295.9 280.7
15
annual_report
gb_prudential-AR_2018
1,472
Prudential has sponsored the event since inception in 2013 and our own community engagement partnership, PruGOals, supported 420 16 to 18-year olds from 41 schools across the UK to improve their self-esteem, aspiration and educational outcomes. The PruGOals programme helps young people to achieve their goals regardless...
88
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2015
2,379
Composition of equity €m 31.12.2015 Prev. year Issued capital 573 572 Capital reserve 6,845 6,845 Retained earnings 14,110 12,991 Other reserves 6,032 6,458 Consolidated result attributable to Munich Reinsurance Company equity holders 3,107 3,152 Non-controlling interests 298 271 Total equity 30,966 30,289
42
annual_report
SwissReAG-AR_2014
1,141
Market scenarios 100bp increase in credit spreads –3.6 –3.8 4 30% fall in equity markets (incl. hedge funds) –4.3 –3.2 –26 15% fall in real estate markets –0.6 –0.6 –9 100bp parallel increase in global yield curves 0.6 0.4 –31
40
annual_report
PhoenixGroupHoldingsPLC-AR_2019
1,913
3 This measure assesses how easy customers have found Phoenix Group to deal with using a scale of 0 – 10� The NetEasy score is the difference between the number of promotors (those scoring 9 or 10) and the number of detractors (those scoring 0)�
45
annual_report
2999
768
Includes premiums reported by us and, for periods prior to October 24, 2006, the portion of title premiums FIS reported as commissions in its mortgage origination business in connection with the policies issued by us with respect to which FIS acted as title agent.
44
10K
AegonNV-AR_2016
753
The sale of the UK annuity portfolio was the main driver behind
12
annual_report
gb_lloyds_banking_grp-AR_2008
1,605
Operational risk 12.3 10.1 total risk-weighted assets 170.5 142.6 risk asset ratios (unaudited)
13
annual_report
4096
423
•The investments segment results, consisting of investment income and realized gains (losses), fluctuated as interest rates trended lower.
18
10K
RaiffeisenBankInternationalAG-AR_2010
1,853
Derivative financial instruments held-for-trading are also shown under trading assets or trading liabilities. Positive fair values including accrued interest (dirty price) are shown under trading assets. Negative fair values are recorded under trading liabilities. Positive and negative fair values are not netted. Chang...
84
annual_report
StandardLifeAberdeenPLC-AR_2014
2,682
Mutual Assurance Capital Securities 6.546% Sterling fixed rate perpetual £300,000,000 317 £300,000,000 316 5.314% Euro fixed/floating rate perpetual €360,000,000 294 €360,000,000 315
22
annual_report
PhoenixGroupHoldingsPLC-AR_2011
1,747
The carrying amount of goodwill allocated to the Phoenix Life segment is £58 million (2010: £58 million) and to the Ignis Asset Management segment is £57 million (2010: £57 million).
30
annual_report
5234
1,681
units, and other stock-based awards. Each full-value award, defined as any award other than a stock option or stock appreciation right, is counted as 2.7 shares. Awards granted before the termination of the 2007 Plan remain outstanding in accordance with the plan's terms. Stock options generally have a term of eight ye...
63
10K
675
448
Total expenses before income taxes from continuing operations totaled $49.0 million in 1995, compared to $28.7 million in 1994, an increase of $20.3 million or 71%.
26
10K
4785
928
There were no transfers between Level 1 and Level 2 fair value hierarchies. The transfers into Level 3 were the result of existing securities no longer being priced by the third-party pricing service at the end of the period. American National’s valuation of these securities involves judgment regarding assumptions mark...
98
10K
Sampoplc-AR_2009
768
Sensitivity Analysis of Financial Assets and Liabilities Table 10 shows the sensitivity analysis of the fair values of financial assets and financial liabilities given different market risk scenarios. The effects represent the instantaneous effects of a one-off change in the underlying market variable on the fair value...
51
annual_report
1872
1,089
Total expenses for the year ended December 31, 2001 increased 6%, to $196.5 million, from $185.1 million for the year ended December 31, 2000. Net losses and LAE incurred for the year ended December 31, 2001 increased $5.6 million or 5%, over the prior year. Excluding the prior year portions of pre-tax reserve charges ...
149
10K
AssicurazioniGeneraliSpA-AR_2015
2,138
With reference to policy of divestment of non-core and not strategic assets, as abovementioned, in September 2015, Generali
18
annual_report
ScorSE-AR_2011
5,020
Any unrealized loss positions on swaps are recorded in the financial statements.
12
annual_report
4219
1,771
adjustment expense reserves relating to CNA’s discontinued operations. The $1.6 billion of claim and allocated claim adjustment expense reserves ceded to NICO is net of $1.2 billion of ceded claim and allocated claim adjustment expense reserves under existing third party reinsurance contracts. The NICO aggregate reinsu...
61
10K
3025
1,181
Severance Letter Agreement, dated August 17, 2006, between BioScrip, Inc. and Brian Reagan
13
10K
fr_axa-AR_2006
839
In 2006, options granted to Management Board and Executive Committee members are associated with a performance condition: the last tranche, i.e. 1/3 of the options granted, will be exercisable only if the AXA share price has out-performed the EuroStoxxInsurance index.
40
annual_report
4392
907
As of December 31, 2011, the Company has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.
46
10K
2134
1,994
affect our product offerings and results of operations if they refuse to contract with us, place us
17
10K
4092
871
In the first quarter of 2009, we borrowed $733 on our $2,000 line of credit that existed at that time. In the third quarter of 2009, we consolidated our long-term loan and lines of credit by entering into a new, four year $3,000 revolving line of credit with a commercial bank. On August 3, 2009, $1,800 of this new line...
128
10K
5017
1,347
The following table presents the changes in our investments that are classified as Level 3 for the years ended December 31, 2014 and 2013 (in millions):
26
10K
3933
1,130
The process of estimating ultimate losses for primary insurance business is not precise due to the inherent uncertainty of future developments. Primary insurers must estimate their own losses, often based on incomplete and changing information. The estimation process for reinsurance business introduces further uncertai...
295
10K
gb_lloyds_banking_grp-AR_2008
143
cORpORAtE gOvERnAncE The Government are also keen to see an enlarged board and we are appointing two new independent non-executive directors, in consultation with HM Treasury (see page 66). it is important to note that the new directors will have precisely the same role and responsibilities as any other director on the...
53
annual_report
de_allianz-AR_2019
3,217
Own Funds. Over the course of the year, Solvency II earnings combined with business growth had a positive impact on the Solvency II capitalization. This was supported by management actions such as asset de-risking and mitigating measures that improved the interest rate risk profile in the current low interest rate envi...
155
annual_report
4405
2,268
The Company's investment portfolio in tax-exempt and taxable municipal securities includes issuances by a wide number of municipal authorities across the U.S. and its territories. This is a high quality portfolio of municipal securities with an average rating of AA as of December 31, 2011 and December 31, 2010. Securit...
68
10K
5042
1,412
Gross Financial Guarantees-The fair value of gross financial guarantees is determined using discounted cash flow techniques based on inputs that include (i) assumptions of expected losses on financial guarantee policies where loss reserves have not been recognized, (ii) amount of losses expected on financial guarantee ...
127
10K
ch_zurich_insurance_group-AR_2011
2,317
Authorized, contingent and issued share capital As of December 31, 2010 17,129,526 171,295,259 0.10 a) Issued share capital At the Annual General Meeting on March 30, 2010 the shareholders approved a share capital reduction of CHF 183,640.40 from CHF 14,747,306.80 to CHF 14,563,666.40 by cancelling 1,836,404 registered...
148
annual_report
AdmiralGroupPLC-AR_2014
566
For the 2014 year Admiral retained 35% (Italy), 30% (France and Spain) and 33% (USA) of the underwriting risk respectively. The arrangements for 2015 will remain the same.
28
annual_report
3679
2,796
any time with proper notice to the note holders at a price equal to the greater of 100% of principal or the sum of the present value of the remaining scheduled payments of principal and interest discounted at the then-current treasury rate plus an applicable spread. The net proceeds of $348 million from the issuance of...
68
10K
4549
1,189
Gross and net premiums written and reinsurance premiums ceded during the periods presented include amounts assumed and ceded as part of inter-segment excess-of loss reinsurance agreements. See “Corporate and Other” under this Item 7.
34
10K
ScorSE-AR_2019
2,812
Notes to the consolidated financial statements CONSOLIDATED FINANCIAL STATEMENTS04 181SCOR Universal Registration Document 2019
14
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_1999
334
In the engineering classes of business (machinery, EAR and CAR, electronic equipment, etc.) there was a further fall in our premium income last year by 10.5%; but we were able to successfully defend our number one position in all the important markets. The reasons for the premium decline were familiar ones: higher rete...
105
annual_report
Sampoplc-AR_2017
1,934
adding Sampo’s share of Topdanmark’s partial internal model on top of the Consolidated Group SCR. The previous methodology did not grant any diversification benefits at Sampo Group level. At Q3 2017 Topdanmark’s Standard Formula SCR was included in the consolidated Group SCR. The effects of the change in methodology ar...
76
annual_report
4667
1,164
Energy Onshore: Aggregate losses reported in 2012 were lower than expected across most underwriting years, with the exception of 2010 which was impacted by higher than expected losses on proportional treaties. The Company has reflected the favorable development by reducing its loss ratios for most underwriting years, w...
52
10K
gb_prudential-AR_2019
6,787
Annual premium equivalent (APE) sales 7,384 7,058 7,046 6,989 6,787 EEV new business profit (NBP) (post-tax) 4,405 4,707 4,220 3,820 3,501
21
annual_report
4362
706
The first step of the goodwill impairment testing and measurement process involved estimating the fair value of the reporting unit using an internally prepared discounted cash flow analysis. The discount rate utilized in estimating the fair value of Broadspire in 2009 was 14%, reflecting our assessment of a market part...
225
10K
gb_prudential-AR_2012
3,215
At 31 December 2012 and 2011, Jackson had variable annuity contracts with guarantees, for which the net amount at risk (NAR) is generally the amount of guaranteed benefi t in excess of current account value, as follows: Minimum return
39
annual_report
4098
2,760
As described more fully in Note 1, the Company performs a regular evaluation, on a security-by-security basis, of its available-for-sale securities holdings in accordance with its impairment policy in order to evaluate whether such investments are other-than-temporarily impaired. As described more fully in Note 1, effe...
101
10K
NatixisSA-AR_2019
10,206
Naxicap Partners, a French Private Equity specialist, is involved in LBO and Private Equity financing in all sectors of activity. It applies ESG analysis to all companies in its portfolio in which the total amount invested exceeds €5 million, which account for 98% of assets under management. External auditors perform m...
120
annual_report
NatixisSA-AR_2008
7,073
activities performed by various subsidiaries, including NGAM; Private Equity and Wealth Management [4] comprises private ■
16
annual_report
2737
826
prudent estimate than loss ratios based on the Company’s historical development patterns since 1997. The remaining redundant development of $278,000 came from the marine segment’s 2004 and 2003 accident years.
30
10K
RaiffeisenBankInternationalAG-AR_2018
5,114
LITUS Grundstückvermietungs Gesellschaft m.b.H., St Pölten (AT) 36,360 EUR 24.5% FI
11
annual_report
1113
620
STANDARD & POOR'S 500 INDEX CALL OPTIONS AND INTEREST RATE SWAP AGREEMENTS
12
10K
gb_lloyds_banking_grp-AR_2003
311
4 The analysis of net interest income by domestic and international operations shown above is based on the location of the office recording the transaction, except for lending by the international business booked in London.
35
annual_report
nl_ing_grp-AR_2012
1,181
J.P. (TINEKE) BAHLMANN (Born 1950, Dutch nationality, female; appointed in 2009, term expires in 2013) Professor in Business Administration, University of Utrecht. Other business activities: vice-chairman of the Supervisory Board of N.V. Nederlandsche Apparatenfabriek ‘Nedap’ (listed company). Member of the Supervisory...
78
annual_report
3346
1,294
Policyholder premium deposits represent premiums received for payment of future premiums on existing policyholder contracts. Interest was credited on these deposits at a rate of 4 percent in 2007 and 2006,
31
10K
AvivaPLC-AR_2014
383
Putting Digital First means putting digital at the forefront of all change and development activity across Aviva.
17
annual_report
SwissLifeHoldingAG-AR_2003
810
In CHF million (except for per share data) 2003 2002 2003 2002 2003 2002
14
annual_report
NatixisSA-AR_2010
2,292
Natixis has not been accused of any wrongdoing in the CIC Group’s complaint, whether with respect to the execution of the contracts or their performance. The legal arguments used by the Crédit Mutuel Group to challenge the validity of its purchases of EADS shares appear to be without merit.
49
annual_report
4312
2,219
The weighted average fair value per share of the stock options granted during 2010 was $8.70. No stock options were granted during 2009. The weighted average fair value per share of the stock options granted during 2008 was $1.28. There were no stock options exercised in 2008, 2009 or 2010. The total intrinsic value of...
73
10K
ScorSE-AR_2013
254
(ii) force SCOR to exercise the option that is offered in such case to redeem the notes. More information about subordinated debt appears in “Section 20.1.6 - Notes to the consolidated financial statements, Note 14 - Financial Debt."
38
annual_report
LloydsBankingGroupPLC-AR_2012
1,332
The most significant of these additional sources of volatility is policyholder tax. Accounting standards require that tax on policyholder investment returns should be included in the Group’s tax charge rather than being offset against the related income. The result is, therefore, to either increase or decrease profit b...
101
annual_report
RaiffeisenBankInternationalAG-AR_2018
1,558
The adoption of these amendments had no impact on RBI's consolidated financial statements.
13
annual_report