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HelvetiaHoldingAG-AR_2006
998
Realised gains and losses on disposals of available-for-sale investments (AFS) including foreign currency gains and losses: Investment funds 0.7 3.2 Alternative investments 0.0 – Loans – – Realised gains and losses on AFS investments 184.1 164.9
36
annual_report
5583
1,262
The Company’s effective income tax rates (income tax expense as a percentage of income before income taxes) were 21.9% for 2018, 5.3% for 2017 and 28.1% for 2016. The differences in the effective tax rates year over year are typically due to changes in state and foreign income taxes resulting from fluctuations in the C...
281
10K
AvivaPLC-AR_2013
2,810
Total 7,136 7,889 Less: Amounts classified as held for sale (76) (413)
12
annual_report
4471
2,658
On November 1, 2011, the Company sold its wholly-owned subsidiary, MetLife Taiwan Insurance Company Limited (“MetLife Taiwan”) for $180 million in cash consideration. The net assets sold were $282 million, resulting in a loss on disposal of $64 million, net of income tax, recorded in discontinued operations, for the ye...
94
10K
5551
880
The Company leased space in its building to unrelated parties under non-cancelable leases. The Company did not have any lease income for the year ended December 31, 2018 and 2017. Income recorded by the Company under non-cancelable leases amounted to approximately $52,000 for the year ended December 31, 2016. Such amou...
64
10K
PowszechnyZakladUbezpieczenSA-AR_2016
381
The prospect of the NBP real negative reference rate, with accelerating GDP growth, especially at the end of 2017, will force the Council to consider increasing the interest rates.
29
annual_report
4324
1,452
Pursuant to the CVS Agreement, CVS Caremark will pay Universal American shareholders $1.25 billion plus the excess capital in the entities that operate our Medicare Part D Business as of December 31, 2010, less the amount of our outstanding debt and trust preferred securities and certain other amounts. At the effective...
194
10K
3588
1,021
The decision to sell Principal Residential Mortgage, Inc. was made with a view toward intensifying our strategic focus on our core retirement and risk protection business as well as achieving our longer-term financial objectives. In addition, the sale was also viewed as a positive move for our stockholders as it enable...
69
10K
GjensidigeForsikringASA-AR_2011
256
In 2011, 27 employees took part in a course organised by Gjensidige’s Customer and Brand School. It is an objective that all employees in direct contact with customers shall have taken part in a course organised by the school by the end of 2013.
44
annual_report
HiscoxLtd-AR_2019
305
For many years at a senior level, we have practised personalised career development and succession planning to ensure that we have the right mix of leadership experience, underwriting nous, business acumen and technical skills to drive the Group forward – and it is working. Individual development plans fit in with glob...
144
annual_report
de_allianz-AR_2012
2,492
casH aNd casH eQuiValeNts Cash and cash equivalents include balances with banks payable on demand, balances with central banks, cash on hand, treasury bills to the extent they are not included in financial assets held for trading, as well as checks and bills of exchange which are eligible for refinancing at central ban...
66
annual_report
NatwestGroupPLC-AR_2016
8,139
RBS Management Services (UK) Ltd SC 250 Bishopsgate, London, EC2M 4AA, England
12
annual_report
fr_axa-AR_2018
2,437
In December 2008, AXA adopted all of the Afep-Medef recommendations, including the recommendations on the compensation of corporate officers of October 2008, as its Corporate Governance Code of reference.
29
annual_report
5689
718
Atlas recorded income tax expense of $223,000 and $14.5 million in 2019 and 2018, respectively.
15
10K
gb_prudential-AR_2016
4,593
(£14 million of software and £2 million of property, plant and equipment) and an additional remeasurement of £207 million to adjust the carrying value of the business to fair value less costs to sell.
34
annual_report
CNPAssurancesSA-AR_2005
1,396
Premium income rose 11% in local currency. Strong 46% growth in sales of pension products, leading to a 20% decline in savings premium income. After conversion to euros, the overall growth in premium income came to 4.2%.
37
annual_report
5107
752
(4) Many states require licensed insurers that provide workers' compensation insurance to participate in programs that provide workers' compensation to employers that cannot procure coverage from an insurer on a voluntary basis. Insurers can fulfill this residual market obligation by participating in pools where result...
122
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2020
812
Investment result1 2020 RoI2 Prev. year RoI2 €m % €m % Regular income 6,273 2.5 6,751 2.8 Write-ups/write-downs of non-derivative investments –1,957 –0.8 –309 –0.1 Gains/losses on the disposal of non-derivative investments 3,698 1.5 2,779 1.1 Net balance of derivatives 74 0.0 –717 –0.3 Other income/expenses –690 –0.3 –...
183
annual_report
5341
1,202
Life premiums collected in the Washington National segment increased 6.1 percent, to $29.4 million, in 2016 and 6.9 percent, to $27.7 million, in 2015.
24
10K
4787
877
· The Company holds certain forward settling to be announced (“TBA”) securities that are accounted for as derivative instruments as the Company does not regularly accept delivery of such securities when issued. In certain limited circumstances, the Company will accept delivery of the securities from one broker and then...
159
10K
PosteItalianeSpA-AR_2020
3,099
Among the main central institutions and regulatory and supervisory bodies with which the Company interacts are: the Italian Communications Authority (Autorità per le Garanzie delle Comunicazioni - AGCom), the Ministry of Economic Development (Ministero per lo Sviluppo Economico - MISE), the Ministry of Economy and Fina...
126
annual_report
CNPAssurancesSA-AR_2005
850
Based on all these criteria, at the 2004 Annual General Meeting we recommended to shareholders to renew the appointments of Mazars & Guérard and KPMG SA.
26
annual_report
gb_prudential-AR_2015
505
Our wholesalers provide extensive training to these advisers. In 2015, we led the industry with the highest level of sales efficiency, with gross sales per wholesaler 32 per cent higher than the nearest competitor.
34
annual_report
nl_ing_grp-AR_2019
5,737
The assets not freely disposable consist primarily of Loans and advances to customers pledged to secure Debt securities in issue, deposits from the Dutch Central Bank and other banks. They serve to secure margin accounts and are used for other purposes required by law. The assets not freely disposable are as follows: B...
53
annual_report
5923
991
On December 20, 2018, the Company and one of the Company’s former employees, agreed to settle fraud charges brought by the SEC relating to a scheme to manipulate the Company's trading volume for the purpose of obtaining a listing on NASDAQ Stock Market. Neither the Company nor the former employee realized financial gai...
132
10K
4837
1,150
To the extent we receive ceding allowances to cover policy and claims administration under reinsurance contracts, these allowances are treated as a reduction to insurance commissions and expenses and are recognized when due from the assuming company. To the extent we receive ceding allowances reimbursing commissions th...
50
10K
2338
703
Insurance Losses and Loss Adjustment Expense Reserves. Months and sometimes years may elapse between the occurrence of an automobile accident covered by one of our policies, reporting of the accident to us and our payment of the claim. We record a liability for estimates of losses that will be paid for accidents that h...
109
10K
4127
933
results reflect the impact of the accounting treatment for certain reinsurance commutations. Refer to further discussion at Note 1(e).
19
10K
DirectLineInsuranceGroupPLC-AR_2016
2,553
In the majority of cases, the inflation agreed in the settlement is the Annual Survey of Hours and Earnings SOC 6115 inflation published by the Office for National Statistics, for which the long-term rate is assumed to be 4.0% (2015: 4.0%). The rate of interest used for the calculation of present values is 4.0% (2015: ...
113
annual_report
5475
1,383
The following is supplementary information about average historical incurred loss duration as of December 31, 2017.
16
10K
HiscoxLtd-AR_2017
1,543
13 Goodwill and intangible assets (a) Syndicate capacity continued The Group’s intangible asset relating to Syndicate capacity has been allocated, for impairment testing purposes, to one individual CGU, being the active Lloyd’s corporate member entity. The asset is tested annually for impairment based on its recoverabl...
116
annual_report
fr_axa-AR_2015
7,894
(e.g. to facilitate acquisitions, integration of acquired businesses, distribution arrangements, off-shoring arrangements, internal restructurings, sales or other disposals of assets or businesses, sales or renewals of products or services or similar transactions), to support their credit ratings, and/or to promote eff...
169
annual_report
INGGroepNV-AR_2008
1,374
As at 31 December 2008, Trading assets included receivables of EUR 57,968 million (2007: EUR 114,897 million) with regard to reverse repurchase transactions.
23
annual_report
SwissReAG-AR_2006
1,170
News release 7 June Placement of USD 950 million of natural catastrophe protection through Successor programme
16
annual_report
AdmiralGroupPLC-AR_2019
2,908
Subsidiaries are entities controlled by the Group. The Group controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. In assessing control, the Group takes into consideration potential...
124
annual_report
PosteItalianeSpA-AR_2020
5,618
Financial liabilities for purchase of minority interests 46 - 46 - - -
13
annual_report
2619
689
The North American property/casualty business produced a pre-tax underwriting gain of $11 million in 2004 compared with a gain of $67 million in 2003, and a loss of $1,019 million in 2002. The $11 million net underwriting gain in 2004 was comprised of current accident year gains of $166 million, partially offset by $15...
218
10K
de_allianz-AR_2006
476
For information on recently adopted and issued accounting pronouncements please see Note 3 to our consolidated financial statements.
18
annual_report
SwissReAG-AR_1985
139
In Sickness reinsurance both a slight increase in premium income and a further positive result were registered.
17
annual_report
NatixisSA-AR_2008
842
On the publication date of the reference document, the options granted in 2007 and 2008 had not yet vested. With the Natixis share price signifi cantly below their exercise prices, of €14.38 and €8.27 respectively, it is diffi cult to imagine a theoretical future gain for the benefi t of the benefi ciaries.
53
annual_report
AegonNV-AR_2014
350
On November 24, 2014, Aegon announced the sale of its 35% share in La Mondiale Participations to La Mondiale for
20
annual_report
AssicurazioniGeneraliSpA-AR_2017
808
No legal or natural person, directly or indirectly, individually or jointly, holds a number of shares sufficient to give such person a controlling interest in the Company. Under the provisions introduced with the Reform of Company Law, the Company is not subject to the direction and coordination of any Italian or forei...
55
annual_report
gb_prudential-AR_2015
1,813
In light of its designation as a Global Systemically Important Insurer, the Company is required to annually agree a number of deliverables with its Crisis Management Group consisting of the Group’s principal regulators. The Committee played a key part in considering and approving a number of these including the Group’s...
61
annual_report
AegonNV-AR_2017
3,622
Debt securities - carried at fair value 103,169 - - 392 - - - 392 - 102,777
17
annual_report
468
553
The major classifications of property and equipment at December 31 are as follows:
13
10K
INGGroepNV-AR_2017
937
Regulatory developments An agreement was reached on Basel ‘IV’ in December 2017. While some elements still require more clarity, we believe the fully loaded Basel ‘IV’ impact may lie in the range of a 15–18 percent increase in risk-weighted assets (RWA) by 2027. This does not take into account possible management actio...
167
annual_report
ASRNederlandNV-AR_2016
2,234
Upon the sale of a property, the part of the revaluation reserve related to the sold property, within equity, is transferred to ‘other reserves’ and is not reclassified to the income statement. Therefore annually a transfer is also made from the revaluation reserve related to ‘other reserves’ in line with the depreciat...
61
annual_report
2589
659
Net cash provided by operating activities was $7,030 million and $4,180 million for the years ended December 31, 2003 and 2002, respectively. The $2,850 million increase in operating cash flow in 2003 over the comparable 2002 period is primarily attributable to sales growth in the group life, dental, disability and lon...
138
10K
gb_prudential-AR_2008
3,863
A pension surplus or deficit is recorded as the difference between the present value of the scheme liabilities and the fair value of the scheme assets. The Company’s share of pension surplus is recognised to the extent that the Company was able to recover a surplus either through reduced contributions in the future or ...
59
annual_report
gb_prudential-AR_2007
4,074
Notes i All figures are shown net of tax. ii The movements arising from new business contribution are as follows: note iii 2006 £m £m
25
annual_report
3103
6,767
The Company also sponsors an unfunded excess benefits plan, which is a nonqualified plan that provides defined pension benefits in excess of limits imposed on qualified plans by federal tax law. The Company estimates that it will contribute $1.2 million to this plan in 2007.
45
10K
2924
1,467
The estimated net amortization of value of business acquired for each of the next five years is $7.7 million in each of the years 2006, 2007, and 2008, $8.6 million in 2009, and $8.8 million in 2010.
37
10K
NatixisSA-AR_2006
6,560
Natixis uses signifi cant estimates within the context of its banking activities: the company records provisions to cover the credit risks inherent in its business (paragraph 2 of the section on accounting policies and valuation methods). We examined the control procedures applicable for monitoring credit risks, provis...
119
annual_report
de_allianz-AR_2010
1,589
2 Off-balance sheet reserves are accepted by the authorities as eligible capital only upon request; Allianz SE has not yet submitted an application. The solvency ratio excluding off-balance sheet reserves would be 164 % (2009: 155 %).
37
annual_report
4808
1,557
(b) In January 2014, AIG reduced DIB debt by $2.2 billion through a redemption of $1.2 billion aggregate principal amount of its 4.250% Notes due 2014 and a repurchase of $1.0 billion of its 8.25% Notes due 2018 using cash and short term investments allocated to the DIB.
48
10K
nl_ing_grp-AR_2011
2,961
Life & ING IM operating result 521 285 559 49 468 143 2,025
13
annual_report
3648
2,077
As discussed above, market values experienced significant volatility during the third and fourth quarters of 2008. This market disruption impacted unrealized gains and losses, which are included in accumulated other comprehensive income (loss). To strengthen our capital position and increase our cushion against potenti...
73
10K
2174
1,192
We determined our reportable operating segments using the management approach described in SFAS No. 131 "Disclosures about Segments of an Enterprise and Related Information," as further detailed in note 3, "Segment Information," of the notes accompanying our consolidated financial statements. Management measures segmen...
51
10K
3835
773
Net investment income increased $42.4 million, or 12.0%, and $47.3 million, or 15.5%, in 2008 and 2007, respectively. These increases can be attributed to growth in the invested asset base and an increase in the average yield earned on investments. Investment related losses increased $58.1 million and $9.7 million in 2...
54
10K
2611
569
o Investment expenses and taxes were reduced $32.2 million in the twelve month period ended December 31, 2004 compared to the prior year. Included are reductions in state income tax, real estate expenses, and miscellaneous expenses.
36
10K
Sampoplc-AR_2009
99
To ensure efficient delivery and customer satisfaction, If Academy uses a blend of different tools. Traditional teacher led programs are mixed with ambitious e-learning efforts. Important projects in 2009 include
30
annual_report
GjensidigeForsikringASA-AR_2019
2,680
At the end of the year the number of own shares was 18,529 (31,371).
14
annual_report
2042
1,049
At December 31, 2002 and 2001, respectively, AFC and its subsidiaries had $406 million and $337 million in variable-rate debt maturing primarily in 2003 through 2005. The weighted average interest rate on AFC's variable-rate debt was 2.84% at December 31, 2002 compared to 2.67% at December 31, 2001. There were $143 mil...
87
10K
ch_zurich_insurance_group-AR_2019
2,797
Development of insurance losses, net in USD millions, as of December 31 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
22
annual_report
gb_prudential-AR_2012
2,721
(ii) Asia insurance operations The Asia insurance operations’ exposure to asset-backed securities is primarily held by the with-profi ts operations. Of the £241 million, 63 per cent
27
annual_report
3553
1,284
No RSUs granted to employees have vested or been cancelled since the inception of the Plan. During the years ended December 31, 2007 and 2006, 62,449 and 53,827 RSU’s, respectively, were granted to the directors. During the year ended 2007, upon termination of service of a director, 11,216 RSUs were converted into comm...
57
10K
4026
1,907
The table below shows our portfolio of other investments at December 31, 2009 and 2008:
15
10K
5452
1,456
We have significant receivables from the Exchange and its subsidiaries that result in a concentration of credit risk. These receivables include management fees due for services performed by us under the subscriber's agreement, and certain costs we incur acting as attorney-in-fact on behalf of the Exchange for all claim...
103
10K
AegonNV-AR_2018
2,704
Accident and health insurance premiums 210 36 1 73 320 1 Aegon has changed the measurement of underlying earnings before tax for its real estate investments portfolio held by Aegon the Netherlands.
32
annual_report
StandardLifeAberdeenPLC-AR_2018
2,998
1 Total change in contract liabilities recognised in the consolidated income statement in the table above excludes (£61m) (2017: (£100m)) and £5m (2017: £7m) of insurance and participating contract liabilities and reinsurance contracts respectively relating to assets and liabilities held for sale.
42
annual_report
4471
3,976
The following table sets forth the balance and changes in accumulated other comprehensive income (loss) including reclassification adjustments required for the years ended December 31, 2011, 2010 and 2009 in other comprehensive income (loss) that are included as part of net income for the current year that have been re...
64
10K
Sampoplc-AR_2020
3,061
The historical profitability of major SME customers with individual insurance schemes is monitored using customer assessment systems. These assessment systems enable Topdanmark to achieve accurate information about income, claims expenses, combined ratio etc. for each customer.
36
annual_report
AdmiralGroupPLC-AR_2017
230
Sensitivities in terms of balance sheet and capital to different rates are set out on page 22.
17
annual_report
5331
736
Other underwriting income in 2016 was $36.4 million, compared to $10.6 million in 2015 and $3.2 million in 2014. The 2016 period included $19.1 million related to a contract which was commuted during the 2016 second quarter. This contract had been reflected as a deposit accounting liability (i.e., a contract that, in a...
64
10K
940
741
The Registrant continues to write new amounts of personal lines business, both PPA by Motor Club and Homeowners by Preserver. However, the growth in these respective lines of business is at a slower rate than the Commercial Lines business written by Preserver, which is expected to continue in 1999 and beyond.
51
10K
4319
1,076
Estimated fair values were derived from the durations of our stable value and annuity account balances. While these estimated fair values provide an indication of how sensitive the fair values of our stable value and annuity account balances are to changes in interest rates, they do not represent management’s view of f...
63
10K
5549
998
In January 2019, our New Mexico subsidiary, Western Sky Community Care, began operating under a new statewide contract in New Mexico for the Centennial Care 2.0 Program.
27
10K
2197
1,348
We expect to contribute $107.8 million to the employee pension plan through 2008, including $7.2 million during 2004.
18
10K
4977
1,093
Changes to our guarantee features since 2012, along with continued management of sales in 2014 by focusing on pricing discipline and risk management, drove a 38% decrease in variable annuity sales. Life sales were also lower, mainly driven by the discontinuance of our lifetime secondary guarantees on universal life pro...
153
10K
BaloiseHoldingLtd-AR_2011
1,079
Purchase / sale of treasury shares – 9.9 – 35.4 – – – 25.5 – – 25.5
17
annual_report
5253
472
Home and Branch Office Net Premiums: In the Company’s home and branch operations, the Company issues the insurance policy and retains the entire premium, as no commissions are paid in connection with these policies. Net premiums written from home and branch operations increased 19.9% in 2016 to $34,063,187 compared wit...
125
10K
AvivaPLC-AR_2002
1,245
The long-term institutional borrowings in the prior year arose wholly in the Netherlands and were mainly in respect of segregated funds for external pension schemes.
25
annual_report
de_allianz-AR_2014
3,023
reclassification of financial assets On 31 January 2009, certain USD-denominated CDOs were reclassified from financial assets held for trading to loans and advances to banks and customers in accordance with IAS 39.
32
annual_report
1241
658
On January 5, 1998, following shareholder approval at the 1997 annual meeting of shareholders, the Company consummated the acquisition of the interests of Messrs. Fickes and Stone in KB Management, KB Fund and KB Consultants LLC (formerly known as Knightsbridge Consultants LLC) (collectively, the "Fickes and Stone Knig...
211
10K
HelvetiaHoldingAG-AR_2003
319
Helvetia Patria intends to meet to the best of its knowledge and belief the high legal and ethical demands of all its stakeholders also with regard to an understandable and transparent reporting as well as to responsible and value-oriented corporate governance and control.
43
annual_report
HiscoxLtd-AR_2015
906
3 A proportion of the bonus amount is deferred as set out on page 58 of the policy report. 4 2015 long-term incentives relate to performance share awards granted in 2013 where the performance period ends on 31 December 2015. The award is due to vest on 2 April 2016. The amount also includes dividend equivalents accrued...
169
annual_report
308
570
Statement of Financial Accounting Standards No. 128, "Earnings Per Share," revises the disclosure requirements and increases the comparability of EPS data on an international basis by simplifying the existing computational guidelines in APB Opinion No. 15. The pronouncement will require dual presentation of basic and d...
61
10K
1868
924
As of December 31, ------------------------- 2001 2000 ----------- ----------- (in millions)
11
10K
2978
660
Net Income. Net income totaled $33.2 million in 2006 compared to $18.3 million in 2005, representing an increase of $14.9 million, or 81.4%. The 2006 increase in net income resulted primarily from the increase in premiums earned and investment income for the period, offset by related increases in loss and loss
51
10K
5658
1,174
In 2016, we recognized $49 million of net favorable prior year reserve development, the principal components of which were:
19
10K
3996
825
The Company has four property and casualty insurance subsidiaries, National Interstate Insurance Company (“NIIC”), National Interstate Insurance Company of Hawaii, Inc. (“NIIC-HI”), Triumphe Casualty Company (“TCC”), Hudson Indemnity, Ltd. (“HIL”) and six other agency and service subsidiaries. The Company writes its in...
190
10K
2215
638
beneficiaries are permitted to consolidate VIEs. Therefore, FIN 46R does not permit consolidation of VIEs in which a company has voting control but is not the primary beneficiary. The AICI Capital Trust that is liable for the Company’s Trust Preferred Securities meets the definition of a VIE. Under FIN 46R, the Company...
92
10K
StorebrandASA-AR_2016
372
The cost percentage is on par with the previous year. [9]
11
annual_report
3720
2,880
Between the Years Ended December 31, 2007 and December 31, 2008
11
10K
4077
749
The Company’s analysis of securities for the quarter ended March 31, 2009 resulted in the determination that six fixed-maturity issuers (seven specific securities) had other-than-temporary impairments affecting the Individual Insurance segment. These securities were written down by a combined $6.0 million due to credit...
73
10K
2952
1,136
Effective January 1, 2005, we completed our stock acquisition of CarePlus, LLC (CarePlus), in New York City, New York for $126,781 in cash, including acquisition costs, pursuant to the terms of the merger agreement entered into on October 26, 2004. On June 17, 2005, in accordance with the terms of the merger agreement,...
235
10K
536
562
The Company has filed with the Department an independent actuarial opinion that states that the Company's loss and LAE reserves make reasonable provision for loss and LAE obligations of the Company as of December 31, 1996. While no assurance can be given, the Company believes that, given the inherent variability in any...
105
10K
2043
679
(4) Book value per common share was computed by dividing total shareholders' equity by the number of outstanding common shares at year end.
23
10K
fr_axa-AR_2007
7,412
2006 iDr shown in these tables are for AXA including winterthur, although winterthur NbV written in 2006 was before the acquisition was final and was not part of AXA’s 2006 results.
31
annual_report
BaloiseHoldingLtd-AR_2005
645
Werner Kummer is a self-employed business consultant, member of the Board of Directors of WMH Walter Meier Holding AG, Chairman of the Board of Directors of Gebrüder Meier AG, Regensdorf and member of the board of the Zurich
38
annual_report