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5869
1,451
On December 21, 2018, the Oversight Board and the Official Committee of Unsecured Creditors of all Title III Debtors (other than COFINA) filed an adversary complaint in the Federal District Court for Puerto Rico seeking a judgment declaring that (i) the leases to public occupants entered into by the PBA are not “true l...
234
10K
4613
2,373
The Company treats the guaranty it provides on CDS as insurance contracts for tax purposes and as such a taxable loss does not occur until the Company expects to make a loss payment to the buyer of credit protection based upon the occurrence of one or more specified credit events with respect to the contractually refer...
215
10K
4108
776
The losses for D&O business are generally very large and infrequent, and typically involve securities class actions. D&O claims report reasonably quickly, but may take several years to settle. While we have been writing D&O business since 2001, the limited claim history is generally insufficient to establish IBNR loss ...
155
10K
SwissReAG-AR_2007
2,194
Transaction in which policyholders or insurers surrender all rights and are relieved from all obligations under an insurance or reinsurance contract in exchange for a single current payment.
28
annual_report
5781
962
As indicated above, FNIC, MIC and MNIC’s combined 2019-2020 reinsurance program is estimated to cost $224.1 million. This amount includes approximately $178.9 million for private reinsurance for the carriers’ exposure described above, including prepaid automatic premium reinstatement protection, along with approximatel...
193
10K
4312
1,433
Prior to our acquisition of Enhance Financial Services Group (“EFSG”) in 2001, EFSG issued a guaranty of payment of the liabilities and obligations of its subsidiary, Radian Reinsurance (Bermuda) Limited (“Radian Re Bermuda”), deriving from any insurance or reinsurance contract (the “Enhance Guaranty”), for the purpose...
112
10K
2698
454
Total revenues for Benefit Partners increased over 2003 due to the acquisition of substantially all of the U.S.-based group life, disability and dental business of Canada Life and due to organic growth from sales during 2004 and 2003. Excluding the Canada Life block, premiums and other considerations increased 14.9% ov...
115
10K
1584
67
YEAR ENDED DECEMBER 31 (IN THOUSANDS) 2000 1999 ---- ---- Operating Income (Loss)(1) Life Insurance Individual Life $ 39,439 $ 31,433 West Coast 36,367 26,063 Acquisitions 53,624 64,460 Specialty Insurance Products Dental 22,059 18,335 Financial Institutions 34,826 22,570 Retirement Savings and Investment Products Stab...
183
10K
gb_prudential-AR_1999
446
Change in long-term business provision: Gross amount (6,778) (8,405) Reinsurers’ share 33 27
13
annual_report
ScorSE-AR_2020
4,597
Company officers (Article L. 22-10-61 of the French Commercial Code); • redemption as part of a share buyback program (Article L. 22-10-62 of the French Commercial Code).
27
annual_report
de_allianz-AR_2019
695
INTERNAL AND EXTERNAL BOARD APPOINTMENTS When a member of the Board of Management simultaneously holds an appointment at another company within the Allianz Group or their joint ventures with outside partners, the full amount of the respective remuneration is transferred to Allianz SE. In recognition of related benefits...
58
annual_report
5619
682
Cost of revenue mainly consists of commissions paid to our individual sales professionals. The cost of revenue for the year ended December 31, 2018 increased by $6,513,702 or 15%, to $49,314,709 compared with $42,801,007 for the year ended December 31, 2017. This increase was primarily due to the increase of direct com...
133
10K
HelvetiaHoldingAG-AR_2003
632
Precise statements on the financial magnitude are not possible. This comes with the territory. Estimates and projections though allow the conclusion that in
23
annual_report
5329
2,604
The Company’s total contributions to the 401(K) Plan were $0.9 million, $0.6 million and $0.4 million for the years ended December 31, 2016, 2015 and 2014, respectively.
27
10K
5339
1,986
On January 15, 2016, Golden Gate Captive Insurance Company (“Golden Gate”), a Vermont special purpose financial insurance company and a wholly owned subsidiary of the Company, and Steel City, LLC (“Steel City”), a newly formed wholly owned subsidiary of PLC, entered into an 18-year transaction to finance $2.188 billion...
349
10K
5396
504
We use the combined ratio as an operating metric to evaluate our insurance underwriting performance, both overall and relative to peers. Expressed as a percentage, it represents the relationship of policy and contract benefits, commission expense (net of ceding commissions), employee compensation and benefits, and othe...
193
10K
5784
1,064
As previously noted, accounting rules require the embedded derivative liability to include a projection of asset management fees estimated to be collected in the succeeding fiscal year as an offset to projected policyholder interest credits. The projections are based upon the recent performance of options as of balance...
144
10K
de_allianz-AR_2018
1,229
We take a zero-tolerance approach to fraud and corruption. At the minimum, this means adhering to local and international anticorruption and anti-bribery laws. Above and beyond mere compliance, the Allianz Anti-Corruption Program, established in 2010, is a groupwide program that defines minimum standards for a consiste...
52
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2013
2,148
Reinsurance Life Property-casualty €m 31.12.2013 Prev. year 31.12.2013 Prev. year Status at 31 Dec. previous year 37 45 5,776 6,070 Currency translation effects –2 1 –282 – Change in consolidated group – – – –23
35
annual_report
4858
5,763
As of October 1, 2014, the results of operations of a component of the Company that either has been disposed of or is classified as held-for-sale are reported in income (loss) from discontinued operations, net of federal income taxes, if the disposal represents a strategic shift that has, or will have, a major effect o...
156
10K
5428
982
As a result of changes in estimates of insured events in prior years, the loss and loss adjustment expense increased by $27.5 million in 2017. During 2017 the liability for unpaid losses and loss adjustment expenses increased by $189.9 million from $58.5 million as of December 31, 2016 to $248.4 million as of December ...
170
10K
4819
1,234
The decline in the expense ratio for the year ended December 31, 2013 as compared to 2012 and 2011 was primarily attributable to a shift of select functions from risk bearing activities to non risk-bearing activities, as we began to develop our fee-based business. The increase in the expense ratio for the years ended D...
81
10K
HannoverRueckSE-AR_2007
1,096
The capital consolidation is based on the revaluation method. In the context of the "purchase accounting" method the acquisition costs of the parent company are netted with the proportionate shareholders' equity of the subsidiary at the time when it is first included in the consolidated financial statement after the re...
137
annual_report
1096
350
4. SECURITIES LENDING The Company has a securities lending program operated on its behalf by the Company's primary custodian, Chase Manhattan Bank of New York. The custodian has indemnified the Company against losses arising from this program. There were no securities out on loan as of December 31, 1998 and 1997. Incom...
72
10K
SwissLifeHoldingAG-AR_2016
1,255
Deviation from one share one vote yes yes yes yes AR, p. 30, p. 69
15
annual_report
712
213
LNC completed the acquisition of a block of individual life insurance and annuities business on January 2, 1998, from CIGNA Corporation, adding a career agency system of 600 producers; a life brokerage operation; an annuity distribution system; and $41 billion of individual life insurance in-force.
45
10K
NatixisSA-AR_2018
1,383
French 30/07/2015 2022 AGM Entrepreneurial experience, extensive knowledge of the accounting, financial and audit fields
15
annual_report
NatwestGroupPLC-AR_2014
1,571
The Committee must balance the views of our stakeholders with our duty to reward our people fairly, and our responsibility to ensure that we are running a commercial business with the best available talent. We will do our utmost to make balanced decisions and to explain our approach to our many stakeholders.
52
annual_report
5457
703
Consolidated Statements of Changes in Shareholder's Equity for the years ended December 31, 2016, 2015 and 2014
17
10K
4257
3,233
Specialty Insurance Operations- Year ended December 31, 2010 versus year ended December 31, 2009
14
10K
5847
1,410
The schedules of amortization of life insurance DPAC and VOBA are based upon actuarial assumptions regarding future events that are uncertain. For all products, other than universal life and deferred annuities, the most significant of these assumptions is the level of contract persistency and investment yield rates. Fo...
191
10K
4032
1,126
We paid $6.5 million to terminate one large international CDS representing approximately $3 billion of notional value.
17
10K
651
378
The NAIC has established certain minimum capitalization requirements based on risk-based capital (RBC) formulas. The formulas are designed to identify companies which are undercapitalized and require specific regulatory action based on requirements relating to insurance, business, asset and interest rate risks. At Dece...
91
10K
2551
783
The following table sets forth the Company’s net income for periods indicated:
12
10K
NatixisSA-AR_2015
2,515
Shortfall of provisions to expected losses 0 Investments in the share capital of fi nancial sector entities 0 Other prudential adjustments including transitional arrangements (69) Total deductions (4,784) Total Common Equity Tier 1 (CET1) 12,432 Hybrid capital instruments
38
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011
1,764
Other securities at fair value through profit or loss held for trading fixed-interest – – 11 16 non-fixed-interest – – – 1 derivatives –63 23 –268 –44 designated at fair value through profit or loss fixed-interest – – – – non-fixed-interest – – – –
45
annual_report
3767
1,043
The Company believes it is pursuing a strategy that has the potential to build a larger, competitively distinctive and successful franchise in the nonstandard personal auto business over time and is endeavoring to manage its investments and risks to achieve this result. These risks and other challenges, occurring in ra...
111
10K
SwissReAG-AR_1961
11
Assistant Managers R. Aeberli K. Aerni G. Bassin E. Bosshardt E. Burnens C. E. Geiser J. J. Hagedorn R. Hedinger G. Huguenin
22
annual_report
TrygAS-AR_2015
608
principles, Tryg has ensured that the loan will be eligible as a Tier II capital element. The NOK 800m subordinate loan which was issued in 2013 will be grandfathered according to Solvency II and treated as Tier 1. At the end of 2015, Tryg’s total subordinate loan capital amounted to 17% of equity, with total interest ...
72
annual_report
NatwestGroupPLC-AR_2013
4,512
Customer accounts: demand deposits 670 853 1,149 Customer accounts: savings deposits 1,367 1,612 1,307 Customer accounts: other time deposits 794 1,026 1,075 Deposits by banks 406 600 982 Debt securities in issue 1,307 2,023 3,371
35
annual_report
3137
1,419
After one year those reserves developed a $8.0 redundancy, and after 10 years these reserves developed a $20.0 deficiency. This is the difference between the reserves shown in Section A net of reinsurance, and the reestimated amounts in Section C.
40
10K
gb_prudential-AR_2017
6,233
(ii) Valuation of in-force and new business The embedded value results are prepared incorporating best estimate assumptions about all relevant factors including levels of future investment returns, expenses, persistency, mortality and morbidity, as described in note 15(vii). These assumptions are used to project future...
84
annual_report
RSAInsuranceGroupPLC-AR_2007
1,199
Fees payable to the Company’s auditors for audit of the Company’s
11
annual_report
fr_axa-AR_2007
2,858
The Group’s methods are based on applicable accounting and actuarial standards as well as internal and industry best practice.
19
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2002
2,076
Individual Group units generated tax losses in the current period and the previous period. On the basis of future tax result planning, a utilisation of the tax loss carry-forwards before their expiry is to be reckoned with, so that deferred tax assets have to be posted for these.
48
annual_report
NatixisSA-AR_2016
9,615
several weeks in November and December. The program included concerts, meet-and-greets and musical performances by disabled artists in a show of disability and talent. The events were attended by over 2,000 staff across 17 locations
35
annual_report
ScorSE-AR_2017
544
SCOR’s exposure to equity securities increased to EUR 645 million as at December 31, 2017, representing 3% of invested assets (as at December 31, 2016: EUR 506 million, representing 2% of invested assets). This exposure is essentially composed of listed equities and convertible bonds.
44
annual_report
NatixisSA-AR_2011
7,722
This preliminary agreement resulted in the signing of several agreements between Natixis and BPCE related to the guarantee of certain GAPC assets.
22
annual_report
3318
2,095
(4) The results reflect a significant decrease in the change in fair value of derivative instruments due to the significant disruption in the housing and mortgage markets, primarily reflected in NIMS related losses and significant credit spread widening.
38
10K
fr_axa-AR_2013
8,080
AXA’s ICOFR includes policies and procedures that: ■ pertain to the maintenance of records that, in reasonable detail, accurately and fairly refl ect the transactions and dispositions of Group assets; ■ provide reasonable assurance that transactions are recorded as necessary to permit the preparation of fi nancial stat...
82
annual_report
StandardLifeAberdeenPLC-AR_2017
505
We will also continue gathering insight to build a culture that fits with the needs of all of our stakeholders. This will include making mood, sentiment and culture an area we measure as part of our full employee engagement survey.
40
annual_report
ASRNederlandNV-AR_2016
424
Materiality The final list of material aspects was put together based on: • Stakeholder contacts on the basis of the stakeholder model; • The Report of the Executive Board for 2015; • Desk research by MVO Nederland; • The GRI Guidelines; • Trends and developments in society.
47
annual_report
de_allianz-AR_2017
1,044
Net income decreased, which was driven by the decline in operating profit and a lower non-operating result that was partially offset by a decline in income taxes.
27
annual_report
gb_prudential-AR_2007
2,807
Expected tax charge based on expected tax rates: Operating profit based on longer-term
13
annual_report
NatwestGroupPLC-AR_2013
2,639
In the first year of transition, the regulatory adjustments will be calculated under the new rules. The CRR deductions are determined by applying the transitional percentage (20% in year 1)(1). The residual balance will be deducted according to the current rules, except where the PRA has specified a different treatment...
50
annual_report
NatixisSA-AR_2002
2,529
Natexis Metals (Asia) Ltd Room 1210, 12th floor Citic Tower 1,Tim Mei Avenue, Central – Hong Kong
17
annual_report
5632
697
As of December 31, 2018, our liabilities for the Restructuring Plan were as follows (in millions):
16
10K
HiscoxLtd-AR_2002
335
Investment return 9(a) 21,413 15,131 Unrealised gains/(losses) on investments 9(a) (4,425) (4,703) Investment management expenses and charges 9(a) (809) (560)
20
annual_report
INGGroepNV-AR_2007
2,422
Board level risk oversight At the highest level of the ING organisation, there are board committees which oversee risk taking, and have ultimate approval authority. ING Group has a two-tier board structure consisting of the Executive Board and the Supervisory Board; both bodies play a crucial role in managing and monit...
55
annual_report
INGGroepNV-AR_2013
3,319
197ING Group Annual Report 2013 1 W h o w e are 2 R
14
annual_report
StandardLifeAberdeenPLC-AR_2014
283
• Continued to collaborate across the Group to maximise the Group’s share of the value chain, for example our market-leading range of MyFolio risk based funds, used extensively within the long-term savings and investments businesses, remain very popular with AUM of £5.9bn
42
annual_report
INGGroepNV-AR_2009
3,406
(1) Tier 1 instruments issued by ING Group (e.g. perpetual debt securities and preference shares) at nominal value. Group hybrid Tier 1 instruments other than preference shares are provided as hybrid capital to ING Insurance or ING Bank. (2) Investments in subsidiaries less equity (including core Tier 1 securities) of ...
64
annual_report
TopdanmarkAS-AR_2011
590
Annual General Meeting The AGM will be held on Thursday 19 April 2012, 15:00 (CET) at: Tivoli Hotel & Congress Center Arni Magnussons Gade 2-4 1577 Copenhagen V
28
annual_report
LloydsBankingGroupPLC-AR_2012
934
We continued to invest in product capability in 2012 and are positioning ourselves to benefit from eventual economic recovery. As part of our programme to enhance our capabilities in capital efficient products, we have continued to invest in the Transaction Banking platform delivering product capabilities in card Payme...
126
annual_report
3891
709
At December 31, 2008, future approximate minimum annual lease payments under non-cancelable operating leases are as follows; 2009-$175,000; 2010-$151,000, and 2011-$34,000.
21
10K
5352
719
Compensation expense - Compensation expense for 2017, 2016 and 2015, respectively, was $88.2 million, $72.6 million and $62.0 million.
19
10K
1795
710
- Scottish Re (U.S.), Inc. is licensed, accredited, approved or authorized to write reinsurance in 46 states and the District of Columbia. When Scottish Re (U.S.), Inc. enters into a reinsurance transaction with a customer domiciled in a state in which it is not a licensed, accredited, authorized or approved reinsurer,...
64
10K
gb_prudential-AR_2019
3,370
Share Incentive Plan (SIP) UK-based Executive Directors are also eligible to participate in the Company’s Share Incentive Plan (SIP). Since April 2014, all UK-based employees have been able to purchase Prudential plc shares up to a value of £150 per month from their gross salary (partnership shares) through the SIP. Fo...
98
annual_report
fr_axa-AR_2018
2,413
The commitments made to the benefit of the Chief Executive Off icer regarding social benefits and unemployment benefits are presented in more detail in the Statutory Auditors’ special report on regulated agreements and commitments as well as in the 2018 Annual Report.
42
annual_report
3569
1,264
The investment return of $17.7 million on the trading securities, under the terms of insurance and reinsurance agreements of a subsidiary acquired in 2007, is for the account of insureds or reinsurers and is excluded from investment income.
38
10K
INGGroepNV-AR_2018
1,961
4 The (partial) holdback of the outstanding deferred variable remuneration of one Executive Board member will be effectuated in 2019.
20
annual_report
gb_prudential-AR_2016
619
IFRS non-operating items consist of short-term fluctuations, the results attaching to the held for sale life business in Korea and other non-operating items.
23
annual_report
INGGroepNV-AR_2019
2,648
Banking Supervision (BCBS). These new prudential rules for banks consist of a revision to the standardised approach to credit risk, the introduction of a capital floor based on standardised approaches, the use of internal models, the limitation of options for modelling operating risks, and new rules for the establishme...
60
annual_report
StorebrandASA-AR_2004
807
Profit/loss for the year 963 835 -242 a) Adjusted to show analysis of results as if subsidiaries were recognised in the accounts by the gross method rather than the equity method. b) Includes: Security reserve, subordinated loan capital, book equity and liability items. Further details on technical insurance matters ca...
61
annual_report
CNPAssurancesSA-AR_2010
676
Lastly, the www.cnp-finances.fr website provides financial information in two separate sections dedicated to individual shareholders and institutional investors respectively.
19
annual_report
NatixisSA-AR_2008
4,653
Hubert, currently Chairman of CNCE’s Supervisory Board will be proposed for the position of fi rst Vice-Chairman of the new central body.
22
annual_report
AegonNV-AR_2011
1,255
On early withdrawals there are other measures to ensure that a fair share of total fund growth has been received.
20
annual_report
HannoverRueckSE-AR_2017
529
We are thoroughly satisfied with the development of our investments. While the year under review was again a challenging one in view of the sustained low interest rate level and global economic movements driven by a range of uncertainties and risks, we had virtually no impairments to recognise in our equity portfolio o...
161
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014
1,695
For reasons of consistency and comparability, we have adjusted the structure of our consolidated income statement in accordance with our segment income statement. Differences merely exist in the degree of detail of the items, which is more limited in segment reporting in line with the performance measures defined. In a...
156
annual_report
4824
825
We estimated the pension contribution for 2014 in accordance with the Pension Protection Act of 2006 (the “Act”). Contributions for future years are dependent on a number of factors, including actual performance versus
33
10K
PhoenixGroupHoldingsPLC-AR_2013
1,219
TSR 25% of this part vests at threshold performance rising on a pro rata basis until 100% vests
18
annual_report
1911
198
It is not possible to predict whether the Budget Proposal will be enacted, what form such legislation might take when enacted, or the potential effects of such legislation on the Company and its competitors. The Company does not expect the Budget Proposal to have a material impact on its financial condition or liquidit...
53
10K
AdmiralGroupPLC-AR_2018
2,328
• Fair value through other comprehensive income (FVOCI) – assets which are held both to collect contractual cash flows and to sell the asset, where the contractual terms of the financial asset give rise to cash flows which are solely payments of principal and interest on the principal amount outstanding (SPPI), where t...
59
annual_report
2114
454
The following table summarizes information about stock options outstanding at December 31, 2003:
13
10K
DirectLineInsuranceGroupPLC-AR_2020
1,209
Further details on the work of the Remuneration Committee can be found in the Directors’ remuneration report which begins on page 113.
22
annual_report
1307
964
Individual portfolio securities are sold creating gains or losses as market opportunities exist. Pretax capital gains recognized upon disposition of securities, including investees, during the past five years have been: 1999 - $20 million; 1998 - $16 million; 1997 - $57 million; 1996 - $166 million and 1995 - $84 milli...
87
10K
1705
402
(1) 1999 Adjusted to include $3,323 gross unpaid loss and loss adjustment expenses for Mobile USA Insurance Company as of acquisition date.
22
10K
PosteItalianeSpA-AR_2017
2,350
Investments in securities relate to investments in Italian government securities with a nominal value of €48,460 million held primarily by BancoPosta RFC, with the remaining balance held by BancoPosta Fondi SpA SGR.
32
annual_report
4148
1,935
The following discussion outlines the methodologies and assumptions used to determine the fair value of our financial instruments not carried at fair value. Considerable judgment is required to develop these assumptions used to measure fair value. Accordingly, the estimates shown are not necessarily indicative of the a...
63
10K
4271
908
Due to the sale, Torchmark’s consolidated financial statements are presented to reflect the transactions as discontinued operations. The primary operations of United Investors involve lines of business that Torchmark no longer emphasizes. Therefore, Torchmark management believes this transaction will allow the Company ...
59
10K
SwissLifeHoldingAG-AR_2019
1,648
On 10 March 2020, the Board of Directors approved the annual financial statements and the financial report and authorised them for issue. The financial report, therefore, only reflects events up to that date.
33
annual_report
NatixisSA-AR_2006
3,392
NOTE 12 PAYROLL COSTS, NUMBER OF EMPLOYEES, COMPENSATION AND EMPLOYEE BENEFITS 293
12
annual_report
HiscoxLtd-AR_2009
783
3 Management of risk Overview of risk The Group enters into contracts that directly accept and transfer insurance risk, which in turn necessarily creates exposure to financial and other classes of risk. Consequently, Hiscox is fundamentally concerned with the identification and management of all significant risks.
46
annual_report
BeazleyPLC-AR_2016
189
Claims activity As noted, claims continued to be subdued by historic standards in 2016. The insurance market experienced what may be regarded as a near miss in early October when Hurricane Matthew progressed up the eastern seaboard as a category three storm but only made landfall, in South Carolina, as a category one s...
107
annual_report
3676
1,262
Intangible assets acquired from Atiam were assigned the following values: value of client contracts and relationships other than license with an assigned value of $1,089,223 amortized straight line over five years; value of purchased software for sale and licensing value with an assigned value of $644,449 amortized str...
115
10K
5871
1,377
During 2018, the Company reclassified from retained income dividends of $1,887 cumulatively paid on unvested restricted stock awards with market based vesting conditions to general and administrative personnel expenses for $1,346 and to other operating expenses for $541. These awards, of which the market conditions wou...
96
10K
LloydsBankingGroupPLC-AR_2010
2,870
Daily monitoring and control processes are in place to address both statutory and prudential liquidity requirements. In addition, the framework has two other important components: – Firstly, the Group stress tests its potential cash flow mismatch position under various scenarios on an ongoing basis. The cash flow misma...
141
annual_report
StandardLifeAberdeenPLC-AR_2014
765
The key discussions on the non-GAAP measures were: • Ensuring that the allocation of items to operating profit and to underlying performance were in line with our established accounting policies and were consistent with previous practice. The Committee was satisfied with the consistency of the measures
46
annual_report
PowszechnyZakladUbezpieczenSA-AR_2011
294
index dropped by 20.8% in 2011, whereas in 2010 it grew by 18.8%.
13
annual_report
1677
1,029
The Company’s investments in limited partnership interests were $229.7 million and $277.9 million at December 31, 2001 and 2000 respectively. In accordance with GAAP, investment partnerships report their investments at fair value and changes in the fair value of such investments are reflected in the income of such part...
90
10K