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MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014
2,318
MEAG Munich ERGO AssetManagement GmbH sold 10,944 Munich Re shares at an average price of €158.94 in the financial year 2014 in connection with the hedging of obligations from its long-term incentive plan. The sale generated proceeds of €1.7m, which were used to strengthen liquid funds. With the remaining Munich Re sha...
75
annual_report
CNPAssurancesSA-AR_2000
1,255
1.1 – Switch to the euro CNP Assurances adopted the euro as its accounting and budget currency on 1 January 2001.
21
annual_report
4431
536
The liability associated with our estimate of premiums to be refunded on expected future rescissions is accrued for separately. At December 31, 2011 and 2010 the estimate of this liability totaled $58 million and $101 million, respectively. Separate components of this liability are included in “Other liabilities” and “...
72
10K
1849
774
The $954 million decrease in income from continuing operations before income taxes resulted from a $142 million decrease from the Financial Services Businesses and a $812 million decrease from the Closed Block Business. The $142 million decrease from the Financial Services Businesses came primarily from a $534 million ...
97
10K
PhoenixGroupHoldingsPLC-AR_2013
1,398
In our opinion the part of the Remuneration Report of the Company that has been described as audited as been properly prepared in accordance with the basis of preparation as described therein.
32
annual_report
ASRNederlandNV-AR_2016
2,250
Assets arising from reinsurance contracts are recognized under reinsurance contracts, except for current receivables from reinsurers, which are included under loans and receivables.
23
annual_report
282
278
The personal auto statutory combined ratio improved to 96.5 for 1995 from 97.4 last year. The improvement was due to a 1.4-point decrease in the underwriting expense ratio that more than offset the increase in the loss and loss settlement expense ratio. The statutory combined ratio for the homeowners line was 99.2 comp...
122
10K
gb_prudential-AR_2008
912
Role of the Board The roles of Chairman and Group Chief Executive are separate and clearly defined, and the scope of these roles has been approved by the Board so that no individual has unfettered powers of decision. The Chairman is responsible for the leadership and governance of the Board as a whole, and the Group Ch...
108
annual_report
5856
1,543
•We tested management’s historical accuracy of estimation by comparing a selection of premiums received during the year to previously-reported premiums receivable.
21
10K
SwissLifeHoldingAG-AR_2012
1,669
financial assets available for sale 964 969 total finanCial assets pledged as Collateral 964 969
15
annual_report
5073
696
the past 15 years. The rate of medical cost inflation in the general U.S. economy, as measured by the consumer price index-medical care, has averaged approximately 3.7% over the past 15 years.
32
10K
GjensidigeForsikringASA-AR_2010
883
the profit/(loss) before tax expense was a loss of noK 27.9 million in 2010, compared with a loss before tax of noK 107.8 million in 2009. as operations are still in a development phase, these results were as expected. it is expected that the business area will achieve a profit before tax in 2011.
54
annual_report
NatixisSA-AR_2003
4,437
CAISSE D’EPARGNE FINANCEMENT SA F Member of Board of Directors CAISSE NATIONALE DES CAISSES D’EPARGNE ET DE PRÉVOYANCE SA F Member of Executive Board; Chief Executive Officer (resigned 5 September 2003) CRÉDIT FONCIER DE FRANCE (listed) SA F Vice-Chairman of Supervisory Board (resigned 5 September 2003) HOLASSURE SA F ...
76
annual_report
SwissReAG-AR_2020
6,375
Swiss Re’s responsibility The Executive Management of Swiss Re is responsible for both the subject matter and the criteria as well as for selection, preparation and presentation of the selected infor-mation in accordance with the criteria. This responsibility includes the design, implementation and maintenance of relat...
65
annual_report
2237
1,258
Net investment income is influenced by a number of factors, including the amounts and timing of inward and outward cash flows, the level of interest rates, and changes in overall asset allocation. Net investment income increased seven percent in 2003 and two percent in 2002 compared with 2002 and 2001, respectively. Th...
141
10K
gb_prudential-AR_2018
6,677
The tables below provide a reconciliation between the FRS 101 parent company results and the IFRS Group results.
18
annual_report
5063
2,380
The 5.5% senior notes due 2022, the 2.9% senior notes due 2018 and the 5.7% senior notes due 2043 (collectively, the "Senior Notes") and the 5.65% fixed-to-floating rate junior subordinated notes due 2053 (the "Junior Subordinated Notes") are fully and unconditionally guaranteed by Voya Holdings, a 100% owned subsidiar...
203
10K
4283
737
Life and disability membership decreased 84,000, or 2%, primarily due to lapses and net unfavorable in-group enrollment changes associated with the current economic downturn and increasing unemployment. Life and disability products are generally offered as a part of Commercial medical fully-insured membership sales.
43
10K
TopdanmarkAS-AR_2010
419
a: One percentage point increase in effective interest rate b: 5% decline in market price c: Annual loss on foreign exchange, with a 2.5% probability or less d: 10% loss on equity portfolios e: 10% loss on CDOs with ratings lower than AA f: 10% decline in market value of properties g: 1% increase in expenditure h: 1% i...
73
annual_report
INGGroepNV-AR_2007
2,167
Direct premiums earned, gross 6,003 6,248 6,712 Reinsurance assumed premiums earned, gross 24 58 57 Total gross premiums earned 6,027 6,306 6,769
22
annual_report
4517
1,418
On April 1, 2011, we began delivery of administrative services under our T-3 contract for the TRICARE North Region. The T-3 contract was awarded to us on May 13, 2010 and became effective on April 1, 2011. We were the managed care contractor for the DoD's previous TRICARE contract in the North Region, which ended on Ma...
137
10K
PosteItalianeSpA-AR_2019
2,729
[GRI 205-1] Companies assessed for risks related to corruption* and percentage** of operations audited for risks related to corruption
19
annual_report
Sampoplc-AR_2017
268
Number of EmploNumber of Employyees (FTE)ees (FTE) Mandatum Life, 31 December 2017 and 31 December 2016
16
annual_report
500
204
Common stockholders' equity at December 31, 1996 was $7,326 million, or $89.82 per share, an increase of 12.0 percent over $80.22 per share at December 31, 1995. The increase was primarily due to net income of $894 million, the reissuance of treasury stock for the acquisition of National Re of $587 million, after-tax u...
88
10K
AegonNV-AR_2015
3,862
December 31, 2015, none of Aegon’s cash flow hedges were discontinued, as it was highly probable that the original forecasted transactions would occur by the end of the originally specified time period documented at the inception of the hedging relationship. Aegon projects investment needs many years into the future in...
68
annual_report
767
447
For the reasons discussed above, net income was $33,301,000 for the year ended December 31, 1996 compared to $39,786,000 for the year ended December 31, 1995. Basic net income per common share was $3.73 for 1996 compared to $4.81 for 1995 (after provision for cumulative dividends of $598,900 on the Series A Preferred S...
154
10K
INGGroepNV-AR_2013
3,471
207ING Group Annual Report 2013 1 W h o w e are 2 R
14
annual_report
5695
1,552
above the 75th percentile or at or below the 25th percentile, respectively.
12
10K
PowszechnyZakladUbezpieczenSA-AR_2011
781
On 11 August 2011, the company signed a cooperation contract with PZU Życie for providing medical services to health insurance Clients of the PZU Group. Therefore, on 1 September 2011,
30
annual_report
StorebrandASA-AR_2014
827
Financial assets at fair value: - Bonds and other fixed-income securities 8,10,14,35,43 157,576 155,074 157,839
15
annual_report
5657
645
Our management views our insurance businesses as possessing two distinct activities - underwriting and investing. Underwriting decisions are the responsibility of the unit managers, while investing decisions are the responsibility of Berkshire’s Chairman and CEO, Warren E. Buffett and Berkshire’s corporate investment m...
121
10K
5761
785
The change in incurred losses and loss adjustment expenses for prior accident years was due to lower than expected emergence in the workers’ compensation product, primarily driven by lower than expected severity.
32
10K
NatixisSA-AR_2006
4,856
In accordance with IAS 32, minority interests in equity of dedicated mutual funds represent a fi nancial liability recognized under “Financial liabilities at fair value through profi t and loss”.
30
annual_report
gb_prudential-AR_2009
1,114
Auditor performance and independence As part of its work during 2009, the Committee assessed the performance of the external auditor, its independence and objectivity, and the effectiveness of the audit process. In addition to questioning the external auditor and the Chief Financial Officer, which is a regular feature ...
117
annual_report
771
81
GRC Realty Corporation, also a wholly owned financial services subsidiary of General Re, has retained title to General Re's former home office site in Greenwich, Connecticut. This site consists of approximately four acres of land and an office building which has about 160,000 square feet of office space that is leased ...
77
10K
ScorSE-AR_2014
355
There are also specific rules governing the taxation of policyholders. SCOR will be unable to accurately predict the impact of future changes in tax law on the taxation of life insurance in the hands of policyholders. Amendments to existing legislation (particularly if there is the withdrawal of any tax relief or an in...
225
annual_report
TrygAS-AR_2004
887
The performance is satisfactory and to a large extent due to the substantial general price adjustments implemented in 2002 and 2003. These adjustments were necessary to ensure profitability in this market, which showed a highly unsatisfactory underlying profitability in 2000 and 2001. The adjustments enabled TrygVesta ...
70
annual_report
4391
1,896
• global political conditions, the occurrence of any terrorist attacks, including any nuclear, radiological, biological, or chemical events, or the outbreak and effects of war, and possible business disruption or economic contraction that may result from such events;
38
10K
StorebrandASA-AR_2004
1,364
Estimated effect of future salary growth -18.5 -7.6 -26.1 -530.5 -503.2
11
annual_report
fr_axa-AR_2018
6,559
Off ice paper consumption T 1,815 1,616 KPI: Off ice paper consumption per person kg/FTE 16 13 Evolution compared to previous year -17% Paper recycled and/or garanteeing sustainable management: off ice % 58 58 Marketing and distribution paper consumption T 10,220 12,078 KPI: Marketing and distribution paper consumption...
73
annual_report
1102
323
Involuntary direct premiums written, primarily involuntary private passenger automobile insurance, which comprised 5% and 10% of total direct premiums written during 1998 and 1997, respectively, were $5,192,000 for 1998 compared to $10,077,000 in 1997. This 48% decrease resulted primarily from decreased mandatory assig...
117
10K
2307
862
MONY Life’s cash inflows are provided mainly from life insurance premiums, annuity considerations and deposit funds, investment income, and maturities and dispositions of invested assets. Cash outflows primarily relate to the liabilities associated with its various life insurance and annuity products, dividends to poli...
298
10K
RSAInsuranceGroupPLC-AR_2015
259
“ The STA programme provided valuable insight into what is required to lead with impact at a senior level and has armed me with the knowledge required to meet this challenge. The programme illustrated the importance of adapting my strategic thinking and approach to innovation, in the face of evolving competitive threat...
72
annual_report
4145
1,524
Changes in claims and policy benefit reserves were generally consistent with movements in gross and net premiums written. Claims and policy benefit reserves decreased by $91.4 million or 11.9% in the year ended December 31, 2009 as compared to the same period in 2008, primarily as a result of the factors noted above af...
143
10K
Sampoplc-AR_2017
3,127
Forecasts for If, approved by the management, cover years 2018 – 2020. The cash flows beyond that have been extrapolated using a 2% growth rate. A 2% growth rate for years beyond 2027 has been used for the for Mandatum Life as well, as it is believed to be close to the anticipated inflation in both cases.
57
annual_report
NatwestGroupPLC-AR_2013
1,218
Group Chief Executive (16.7%) — — All employees 2.1% 2.1% (16.6%)
11
annual_report
4424
2,763
Securities regulations became effective in 2005 that impose enhanced disclosure requirements on issuers of ABS (including mortgage-backed securities ("MBS"). To allow our customers to comply with these regulations, we typically were required, depending on the amount of credit enhancement we were providing, to provide (...
95
10K
de_allianz-AR_2008
3,732
Less than 1 year 1–3 years 3–5 years More than 5 years
12
annual_report
GjensidigeForsikringASA-AR_2011
1,468
Baltics The Baltic insurance market is in an early development phase and a significant share of the market is still uninsured. Motor insurances are the most widespread insurance product in these markets. The Group has operations in each of the three Baltic states.
43
annual_report
2848
472
Credit facility. On June 29, 2005, we entered into a credit facility with The Frost National Bank. The credit agreement was amended on July 15, 2005, and was further amended and restated on January 27, 2006. The restated credit agreement provides for a $20.0 million revolving credit facility, with a $5.0 million letter...
250
10K
4712
6,979
The Allstate Financial segment sells life insurance and voluntary accident and health insurance products. The principal products are interest-sensitive, traditional and variable life insurance; and voluntary accident and health insurance. Effective January 1, 2014, the Company no longer offers fixed annuities such as d...
87
10K
de_allianz-AR_2018
3,673
An increase in the discount rate by 50 basis points would lead to a decrease of € 1.5 bn (2017: € 1.6 bn) in the defined benefit obligation, whereas a decrease in the discount rate by 50 basis points would lead to an increase of € 1.7 bn (2017: 1.8 bn).
51
annual_report
NatixisSA-AR_2006
1,060
Permanent representative of Banque Populaire du SudOuest, Director of SOPROLIB Sud-Ouest
11
annual_report
793
292
During the third quarter of 1997, the Group transferred $38.1 million of fixed income securities from available for sale to held to maturity reflecting management's intention and ability to hold these securities until maturity. The change in classification from available to sale to held to maturity did not have a mater...
61
10K
INGGroepNV-AR_2007
2,770
ING Insurance’s credit exposure arises from the investment of insurance premiums into assets subject to credit risk, largely in the form of unsecured bond investments, and smaller amounts of residential mortgages and structured fi nance products. In addition, credit exposure also arises from derivatives, sell/repurchas...
69
annual_report
4286
4,964
In December 2010, the FASB issued ASU 2010-29, Business Combinations (Topic 805): Disclosure of Supplementary Pro Forma Information for Business Combinations. This guidance relates to disclosure of pro forma information for business combinations that have occurred in the current reporting period. It requires that an en...
135
10K
TopdanmarkAS-AR_2012
995
Shares issued at 31 December 14,826 13,750 Own shares at 31 December (1,494) (1,356) Number of shares at 31 December 13,332 12,394
22
annual_report
4834
1,490
Financial liabilities, excluding derivative liabilities, issued by the Company primarily consist of investment agreements and MTNs within its wind-down operations, debt issued for general corporate purposes, debt in VIEs and warrants. Investment agreements, MTNs, and corporate debt are typically recorded at face value ...
111
10K
StandardLifeAberdeenPLC-AR_2014
2,225
Attributable to: Equity holders of Standard Life plc 127 131 Non-controlling interests - 154 Standard Life
16
annual_report
1379
410
On February 27, 1995 the Board approved Restricted Stock Grant Agreements awarding 65,000 shares of Restricted Stock each to Peter J. Ratican and Eugene L. Froelich (individually the "Executive"). Mr. Froelich's Restricted Stock vested upon the termination of his employment with the Company on December 11, 1997. Mr. Ra...
64
10K
AegonNV-AR_2016
3,534
Within tri-party repos Aegon invests under short-term reverse repurchase agreements and the counterparty posts collateral to a third party custodian. The collateral posted is typically high-quality, short-term securities and is only accessible for or available to Aegon in the event the counterparty defaults.
43
annual_report
NatixisSA-AR_2008
2,945
It is probable that the reform will lead to a reduction in the market share of the Caisses d’Epargne of deposits for Livret A, which could affect the total amount of commissions that they receive.
35
annual_report
INGGroepNV-AR_2005
996
Some credit protection contracts that take the legal form of a derivative, such as certain credit default swaps, are accounted for as guarantees.
23
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2020
1,114
Owing to the coronavirus pandemic, we were not able to realise all of the targets we originally set ourselves for 2020. Indeed, we retracted some of the targets during the first half-year. With the exception of economic earnings, updated forecasts were published for all previously retracted targets on 1 December 2020.
51
annual_report
AvivaPLC-AR_2017
3,681
Recurring fair value measurements Investment Property (note 21) — — 10,768 10,768 — 10,768 Loans (note 23 (a)) — 360 20,923 21,283 3,501 24,784 Financial investments measured at fair value (note 26 (a))
33
annual_report
nl_ing_grp-AR_2019
6,174
The parent company financial statements are presented in euros, rounded to the nearest million, unless stated otherwise. Amounts may not add up due to rounding.
25
annual_report
2211
3,080
In a rising interest rate environment, the Company's average cost of funds would be expected to increase over time as it prices its new and renewing annuities to maintain a generally competitive market rate. In addition, the market value of the Company's fixed maturity portfolio decreases resulting in a decline in shar...
115
10K
AvivaPLC-AR_2016
10,173
Solvency II These are insurance regulations designed to harmonise EU insurance regulation. Primarily this concerns the amount of capital that European insurance companies must hold under a measure of capital and risk. Solvency II became effective from 1 January 2016.
40
annual_report
gb_prudential-AR_2017
1,695
Lord Turner received a detailed briefing from the Director of Group Finance on appointment to the Audit Committee.
18
annual_report
5954
576
Basic and Diluted Net Loss Per Common Share, Basic net loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding during the periods presented using the treasury stock method. Diluted net loss per common share is computed by including common shares that may be iss...
158
10K
ASRNederlandNV-AR_2015
297
The works progressed as planned and came in within budget. We received very few complaints about inconveniences experienced by users and neighbours. The employees working in the renovated building are very proud of their work environment. The renovated building, which has already been showered with several awards, has ...
60
annual_report
4689
1,065
Fair value is defined as the price at which an asset could be exchanged in an orderly transaction between market participants at the balance sheet date.
26
10K
RSAInsuranceGroupPLC-AR_2007
358
In 2007, we have taken steps to further reduce the Group’s exposure to market risk, including: Reducing equity exposure in the pension fund from 46% to 24% at the year end Selling a net £220m of shareholder equities and hedging up to £800m of the remaining equity portfolio with derivatives to mitigate the impact of equ...
78
annual_report
1996
1,409
2001 to 2000 Annual Comparison. Total revenues, net of interest expense, decreased $649 million, or 19%, from 2000 to 2001. The decrease came primarily from a $517 million decline in revenues from our securities brokerage operations, from $2.820 billion in 2000 to $2.303 billion in 2001.
46
10K
PhoenixGroupHoldingsPLC-AR_2013
1,787
19. SHARE-BASED PAYMENT This note describes the various share-based payment schemes used within the Group and how the options and awards of shares are valued. The accounting policy adopted in the preparation of this note is detailed in note 1(y).
40
annual_report
de_allianz-AR_2017
2,256
Allianz Group will recognize new assets and liabilities for its operating leases. As at 31 December 2017, the Allianz Group future minimum lease payments under non-cancellable operating leases amounted to € 3.0 bn on an undiscounted basis (see note 37). In addition,
42
annual_report
RaiffeisenBankInternationalAG-AR_2008
64
Raiff eisen International in the Czech Republic Balance sheet total in € million 7,198 Branches 107 Employees 2,654
18
annual_report
5375
1,144
The evaluation of investments for OTTIs is a quantitative and qualitative process done on a case-by-case basis, which is subject to risks and uncertainties and involves significant estimates and judgments by management. Changes in the estimates and judgments used in such analysis can have a significant impact on our co...
53
10K
TrygAS-AR_2003
944
150m in case of anticipated earned premiums, net of reinsurance, of DKK 15bn in 2004. During the year, the
19
annual_report
3615
1,165
Total investments increased $3.7 billion since December 31, 2006 primarily as a result of positive operating cash flows and securities lending activities, partially offset by increased unrealized losses primarily due to a significant widening of credit spreads associated with fixed maturities. The fair value of fixed m...
111
10K
HiscoxLtd-AR_2018
544
This year we piloted unconscious bias training for all people managers in the USA and all employees in Germany. Through our partnership with PDT, a global D&I training consultancy, we have trained over 110 employees this year, with roll-out across the Group in 2019 ensuring that everyone managing a team will be trained...
86
annual_report
HelvetiaHoldingAG-AR_2018
3,054
Present value of new business premiums (PVNBP) 2 634.0 2 638.4
11
annual_report
AdmiralGroupPLC-AR_2012
1,002
Share scheme credit – – – 23.7 – 23.7 Deferred tax credit on share scheme credit – – – 1.5 – 1.5 Transactions with non-controlling interests – – – 1.4 3.3 4.7 Total transactions with equity-holders – – – (192.7) 3.3 (189.4)
42
annual_report
1880
447
Depreciation and amortization was $32.0 million for the year ended December 31, 2001, an increase of $10.9 million over the $21.1 million reported for 2000. The increase in depreciation and amortization expense is attributable to the four station acquisitions completed during 2000.
42
10K
4975
484
Our recorded reserves are management's best estimate. In order to provide an indication of the variability associated with our net reserves, the following discussion provides a sensitivity analysis that shows the approximate estimated impact of variations in significant factors affecting our reserve estimates for parti...
104
10K
2335
1,168
LNC currently manages seven Collateralized Debt Obligation pools (“CDOs”), and of these, there are five where the asset management fees paid to LNC no longer contain performance based incentives. As a result, LNC is not considered the primary beneficiary of these VIE’s. LNC’s maximum exposure to loss in these five CDOs...
85
10K
4225
2,986
(p) Other policyholder funds: Other policyholder funds are reported at cost and include any policyholders' funds on deposit that encompass premium deposits and similar items.
25
10K
RaiffeisenBankInternationalAG-AR_2015
3,499
India RBI Representative Office Mumbai 501, Kamla Hub, Gulmohar Road, Juhu Mumbai – 400049
14
annual_report
AegonNV-AR_2009
5,032
exercised its option rights to purchase an additional 33,860,000 class B preferred shares to prevent dilution caused by AEGON’s share issuance in August 2009.
24
annual_report
4749
759
In April 2013, the Company committed $10,000 to purchase a majority of the voting equity interests of Siena Capital Finance LLC (Siena). As of June 30, 2013, $7,310 of the commitment had been funded. This transaction resulted in a 59.38% controlling interest in Siena and generated $1,155 in goodwill, which was recorded...
102
10K
4202
1,296
RMBS includes government guaranteed agency securities with a carrying value of $4.0 million at December 31, 2010 and $3.9 million at December 31, 2009.
24
10K
gb_prudential-AR_2007
1,067
Meetings The Committee met seven times during the year. By invitation, the Chairman of the Board, the Group Finance Director, the Company Secretary and Group Legal Services Director, the Group-wide Internal Audit Director, and other senior staff from the internal audit, group risk and group compliance functions where a...
81
annual_report
INGGroepNV-AR_2006
1,055
Compensation of the members and former members of the Supervisory Board
11
annual_report
nl_ing_grp-AR_2014
6,154
We are subject to a variety of regulatory risks as a result of our operations in certain countries. In certain countries in which we operate, judiciary and dispute resolution systems may be less developed. As a result, in case of a breach of contract, we may have difficulties in making and enforcing claims against cont...
102
annual_report
4489
1,377
Golden Gate II Captive Insurance Company ("Golden Gate II"), a special purpose financial captive insurance company wholly owned by PLICO, had $575 million of outstanding non-recourse funding obligations as of December 31, 2011. These outstanding non-recourse funding obligations were issued to special purpose trusts, wh...
348
10K
2290
845
Equity securities are stated at fair value, and any increase or decrease from cost is reported as accumulated other comprehensive income (loss) in stockholders' equity as unrealized gain or loss until realized.
32
10K
INGGroepNV-AR_2013
5,964
Adverse publicity, claims and allegations, litigation and regulatory investigations and sanctions may have a material adverse effect on our business, revenues, results of operations, financial condition and/or prospects. We are subject to litigation, arbitration and other claims and allegations in the ordinary course o...
393
annual_report
SwissLifeHoldingAG-AR_2016
292
Franziska Tschudi Sauber — Born 1959, Swiss national Member of the Board of Directors bild Franziska Tschudi graduated in law at the University of Bern and passed her bar exam there in 1984. She studied law at Georgetown University, Washington, D.C., earning an LL.M. in 1986, and passed the bar exam for the US states o...
79
annual_report
AegonNV-AR_2011
1,456
Companies). In Poland, AEGON is ranked sixth in terms of the number of members and eighth in terms of its managed assets in December 2011. (Source: www.knf.gov.pl). As of December 31, 2011, on the Romanian mandatory private pension market,
39
annual_report
522
411
In conducting its operations, the Company routinely holds customers' assets in trust, pending completion of real estate transactions. Such amounts are maintained in segregated bank accounts and have not been included in the accompanying Consolidated Balance Sheets. The Company has a contingent liability relating to pro...
62
10K