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LloydsBankingGroupPLC-AR_2020
727
IBOR transition Progress continues, with alternative products delivered and transfer of clients to updated products underway.
16
annual_report
5250
983
We also have several foreign benefit plans, the largest of which is a defined contribution plan that provides for us to make contributions of 5.0% of eligible compensation. In addition, the plan allows for voluntary contributions by U.K. employees, which we match 100%, up to a maximum of an additional 5.0% of eligible ...
75
10K
3671
1,085
Salaries and benefits, which include expenses relating to our incentive bonus and employee share plans, were $56.3 million and $47.0 million for the years ended December 31, 2008 and 2007, respectively. The increase of $12.3 million relating to the reinsurance segment, for the year ended December 31, 2008, was primaril...
109
10K
2888
2,080
As discussed in the Other Operations segment section, strengthened net asbestos reserves by $2.6 billion.
15
10K
5855
1,060
See Note 20 to the Consolidated Financial Statements for additional discussion around uncertain tax positions and the Liquidity and Capital Resource section of this MD&A for a discussion of their potential impact on liquidity.
34
10K
5868
3,225
AFG’s consolidated net earnings (loss) attributable to noncontrolling interests was net earnings of $2 million for the fourth quarter of 2020 compared to a net loss of $20 million for the fourth quarter of 2019, a change of $22 million (110%). The losses in the fourth quarter of 2019 are related to losses at Neon, AFG’...
97
10K
NatixisSA-AR_2010
6,465
Merger fl ows/ partial contribution of assets 2 8 (10) 0
11
annual_report
4599
3,721
The following table presents the balance sheet as of December 31, 2012 to reflect the impact of the accounting change related to reserves that was adopted on January 1, 2012:
30
10K
2293
827
Another aspect of valuation is an assessment of impairment. As a matter of policy, the determination that a security has incurred an other-than-temporary decline in value and the amount of any loss recognition requires the judgment of AIG’s management and a continual review of its investments.
46
10K
3577
2,315
The PMA Insurance Group retains an aggregate $13.8 million deductible on the first layer of its workers’ compensation reinsurance, which is $750,000 excess of $250,000. Effective January 1, 2008, the aggregate deductible decreased to $12.9 million.
36
10K
StorebrandASA-AR_2016
2,115
– Savings rate for salary over 12 G is 20 per cent.
12
annual_report
1338
312
Since JP's assets and liabilities are largely monetary in nature, the Company's financial position and earnings are subject to risks resulting from changes in interest rates at varying maturities, changes in spreads over U.S. Treasuries on new investment opportunities, changes in the yield curve and equity pricing risk...
137
10K
PhoenixGroupHoldingsPLC-AR_2015
2,692
This note describes the Group’s two main staff pension schemes for its employees, the Pearl Group Staff Pension Scheme and the PGL Pension Scheme and explains how the pension asset/liability is calculated.
32
annual_report
fr_axa-AR_2010
1,153
Market concerns regarding economic growth source and sustainability of public debt in Europe combined with monetary policy that remained anchored at very low levels, sent yields for long-dated benchmark bonds to historical lows (around 2.5%
35
annual_report
1340
636
A summary of the Company's adjusted pre-tax operating income by operating segment follows:
13
10K
SwissReAG-AR_1976
260
The gross premium income of the Vereinigte Ver­ sicherungsgruppe rose by 10% to DM 1,499 million and that of the Magdeburger Gruppe by 9 % to DM 610 million. After 2 years of stagnating premium development, the non-Life companies of the two groups were again able to clearly increase their volume of business. The premiu...
133
annual_report
SwissReAG-AR_1986
518
Switzerland Audatex AG Gotthardstrasse 35, GH-8022 Zurich Prudentia Services Ltd, Mythenquai 50/60, CH-8022 Zurich
14
annual_report
GjensidigeForsikringASA-AR_2011
1,024
tanGiBle assets oWner-occupied propertY, plant and equipment Recognition and measurement Items of owner-occupied property, plant and equipment are measured at cost less accumulated depreciation and accumulated impairment losses. Cost includes expenditures that are directly attributable to the acquisition of the item. I...
59
annual_report
5165
776
The amortized cost and estimated fair value of fixed maturity investments at December 31, 2015, by contractual maturity are as follows. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties.
43
10K
3087
603
(4) Reflects the 2004 and 2005 recaptures of previously ceded business. See Note 2 of Notes to Consolidated Financial Statements.
20
10K
PowszechnyZakladUbezpieczenSA-AR_2017
1,958
Changes in the assumptions for annuities in life insurance (in PLN m)
12
annual_report
996
295
- 19 - HEALTH POWER, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR YEARS ENDED DECEMBER 31, 1998, 1997 AND 1996 - --------------------------------------------------------------------------------
24
10K
PhoenixGroupHoldingsPLC-AR_2017
713
As part of the Group’s HR processes, there is an established succession plan. This tracks internal succession across all material roles and enables appropriate assessment of skills gaps. Internal succession continues to deliver the Group’s most senior appointments.
38
annual_report
1532
529
Effective October 14, 1999, the Company sold Kentucky Insurance Company ("Kentucky"), one of its insurance company subsidiaries, to an unrelated party for a gain of $243,000 calculated as follows:
29
10K
NatixisSA-AR_2010
3,023
Entities considered to be under joint control include in particular two entities controlled by Natixis and those involving an entity controlled by Natixis and an entity controlled by BPCE.
29
annual_report
DirectLineInsuranceGroupPLC-AR_2016
378
Note: 1. This excludes discontinued operations, the Group’s former International division. Total Group emissions for 2014 and 2015 were 28,759 and 23,143, respectively
23
annual_report
BaloiseHoldingLtd-AR_2007
1,505
Return on bonds (1 st pojected annual return – long term return) 2.65 – 2.65 3.4 – 3.6
18
annual_report
fr_axa-AR_2006
463
Director and Chairman: U.S. Financial Life Insurance Company (United States) Financial Marketing, Inc. (United States)
15
annual_report
PhoenixGroupHoldingsPLC-AR_2019
250
The life companies are regulated entities that hold the Group’s policyholder assets� The Group simplifies its business model by bringing together separate life companies and funds, making more efficient use of the capital and liquidity in its life companies� This results in administrative expense savings and increased ...
56
annual_report
2377
486
Property and Equipment. Accounting standards require a write-off to be recognized when an asset is abandoned or an asset group's carrying value exceeds its fair value. For purposes of recognition and measurement of an impairment loss, a long-lived asset or assets are grouped with other assets and liabilities at the low...
189
10K
LloydsBankingGroupPLC-AR_2018
1,920
Conclusion: The Group continues to heighten the controls required to manage data risk. In 2019 data risk has been classified as a primary risk type.
25
annual_report
3130
568
Excluding the effects of the fourth quarter 2006 adjustment and the methodology change in 2004, our benefit ratios for the specified disease block would have been 75.3 percent, 76.2 percent and 69.3 percent in 2006, 2005 and 2004, respectively. The decrease in the benefit ratio in 2006 reflects improved claim experienc...
103
10K
2929
1,189
Additionally, we facilitate tax-deferred property exchanges for customers pursuant to Section 1031 of the Internal Revenue Code. As a facilitator and intermediary, we hold the proceeds from sales transactions until a qualified acquisition occurs. These deposits totaled $1,111.7 million and $1,399.7 million at December ...
161
10K
4303
978
General. AIHL’s insurance operating units reinsure a significant portion of the risks they underwrite in order to mitigate their exposure to losses, manage capacity, and protect capital resources. If the assuming reinsurers are unable or unwilling to meet the obligations assumed under the applicable reinsurance agreeme...
65
10K
PosteItalianeSpA-AR_2019
1,383
Monetics: prepaid cards (top-ups, payments, withdrawals, fees, issuance), debit cards (Postamat interchange fees on card transactions); Acquiring services (fees on transactions, fees and services) related to the provision of POS (mobile, physical, virtual) for the acceptance of card payments (debit, credit, prepaid).
42
annual_report
4357
481
Premiums are generally recorded and recognized as revenue at the time of closing of the related transaction as the earnings process is then considered complete. The Company's premium revenues from certain agency operations include accruals based on estimates using historical information, as well as other relevant trend...
115
10K
1903
951
The purchase price consisted of a cash payment of $15,281,000 and 149,098 shares of common stock of AMSG, plus a possible earn-out of up to $3,000,000 based on CMSI's earnings over the next three years. Any payments made under the earn-out provision will be recorded as additional purchase price.
49
10K
de_allianz-AR_2004
497
In order to make significant progress towards achieving this strategic objective, we are pressing ahead with our efforts to leverage on the size, reach, internationality and competence of Allianz.
29
annual_report
GjensidigeForsikringASA-AR_2010
2,260
taX COst in connection with the conversion of gjensidige Forsikring BA to a public limited company the Ministry of Finance has consented to an exemption from capital gains taxation on the transfer of business to the newly formed public limited company under certain conditions. The consequences of the tax relief decisio...
103
annual_report
PosteItalianeSpA-AR_2016
4,242
• Receivables for overdrawn current accounts are amounts due for temporarily overdrawn current accounts largely due to recurring BancoPosta bank charges, including accumulated sums in the process of being recovered, which have largely been written down.
36
annual_report
1773
640
Premium income $ 9,476 $ 9,474 $10,381 $14,479(d) 7,100 Investment activity Net investment income 59,000 50,776 43,612 33,589 29,197 Call option gains (losses) (5,906) (7,603) 1,209 632 -- Net realized investment gains (losses) (11,134) (4,492) 78 353 396 Total revenues 75,356 70,067 70,254 63,275 46,855 Interest ...
84
10K
TopdanmarkAS-AR_2014
1,147
There have been no other changes in accounting policies from those adopted in the 2013 Annual Report.
17
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012
966
Through active capital management, we ensure that Munich Re’s capital is maintained at an appropriate level. Munich Re’s available financial resources must always be sufficient to cover the capital requirements determined both by our internal risk model and the requirements of supervisory authorities and rating agencie...
141
annual_report
4833
4,316
The provision for title insurance losses, expressed as a percentage of title insurance premiums and escrow fees, was 8.8%, 6.9% and 9.5% for the years ended December 31, 2013, 2012 and 2011, respectively.
33
10K
INGGroepNV-AR_2006
1,735
Banking operations Contingent liabilities in respect of – discounted bills 3 5 – guarantees 17,297 15,933 – irrevocable letters of credit 8,456 7,436 – other 623 396
27
annual_report
StandardLifeAberdeenPLC-AR_2009
175
EEV operating profit before tax – core, efficiency and back book management
12
annual_report
2111
2,968
The Company because of its income orientation considers total return, the combination of income yield and capital appreciation/depreciation, to be less relevant as a measure of performance than may be the case for investment portfolios managed with alternate strategies. The following table provides a comparison of the ...
62
10K
GjensidigeForsikringASA-AR_2020
341
Gjensidige’s asset management is followed up on the basis of the ten UN Global Compact principles and complies with the UN Principles for Responsible Investment. Active dialogue with fund managers, and exclusions, are means to ensure compliance with the policy for responsible investments. Read more about our work in th...
53
annual_report
NatwestGroupPLC-AR_2019
2,839
Notes: (1) Geographical splits are based on country of collateral risk. (2) Properties including houses, flats and student accommodation. (3) Properties including offices in central business districts, regional headquarters and business parks. (4) Properties including high street retail, shopping centres, restaurants, ...
73
annual_report
DirectLineInsuranceGroupPLC-AR_2020
2,134
The resolutions approving the Directors’ Remuneration Report and Remuneration Policy were passed by 94.88% and 97.55% of the votes cast in favour of the resolutions, respectively.
26
annual_report
1849
809
Charges associated with the cost of remedying policyholder claims and additional sales practices costs have been adjusted from year to year, beginning in 1996. No additional net charges have been recorded since 1999. The charges from year to year primarily reflected the increased availability over time of more specific...
110
10K
SwissReAG-AR_2009
941
Reputation Swiss Re’s continued business success depends on maintaining our reputation with clients, investors, employees and other stakeholders. Environmental, social and ethical reputation risks may arise from individual business transactions and our reputation could also be damaged by operational failures.
40
annual_report
3034
809
At December 31, 2006, we had two stock-based employee compensation plans, both of which are described more fully in Note 11. Through December 31, 2005, we accounted for the plans under the recognition and measurement principles (the intrinsic-value method) prescribed in Accounting Principles Board (APB) Opinion No. 25,...
117
10K
fr_axa-AR_2008
1,641
The coca-cola company groupe Europe 27, rue camille Desmoulins 92784 issy-les-Moulineaux cedex 9 – France
15
annual_report
RaiffeisenBankInternationalAG-AR_2017
2,843
The comparable figures for the 2016 year presented in this Risk Report correspond to the results published by RBI prior to the merger with RZB AG. As a result, comparability is limited. The following table shows the effect of the merger of RZB AG into RBI AG for corporate customers, banks, retail customers and sovereig...
61
annual_report
AegonNV-AR_2016
360
United Kingdom related to the restructuring of the organization, the loss on the divestment of the Canadian life insurance activities and the impact of model updates.
26
annual_report
4708
819
In February 2011, the Company entered into a U.S. dollar and Canadian dollar ("CAD") cross currency basis swap with an initial notional amount of CAD34,749,000 as an economic hedge to an intercompany note payable to the U.S. parent by a Canadian subsidiary. The cross currency basis swap requires the Canadian subsidiary...
270
10K
1803
542
During the second quarter of 2000, the Company wrote-off capitalized costs of $3.0 million related to the application development of an information system software project that was canceled because the vendor was unable to fulfill its contractual obligations. The amounts written off include software and consulting cost...
58
10K
PosteItalianeSpA-AR_2019
8,292
C5. Transfers to other categories of non-performing exposure - - - - - - - of which: transferred and not derecognised - - - - - -
27
annual_report
NatwestGroupPLC-AR_2016
1,453
18 year-olds, also continues to grow. Raising awareness of the importance of financial education was supported by a NatWest national advertising campaign last year, along with a new commitment to reach another one million young people with
37
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008
1,381
Pension entitlement – Basic remuneration Number of years on the Board
11
annual_report
3631
1,479
The Company recorded other-than-temporary impairments of our fixed maturity securities of $104.9 million during 2008, primarily due to a decline in the market value in the deteriorating economic environment. Impairments in the fourth quarter of 2008 were the result of other-than-temporary impairments in the fixed matur...
122
10K
INGGroepNV-AR_2007
1,732
Change in deferred profi t sharing liability –1,546 –1,241 –1,546 –1,241
11
annual_report
BeazleyPLC-AR_2020
1,552
Under company law the directors must not approve the group financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and of the profit or loss of the group and the company for that period.
50
annual_report
CNPAssurancesSA-AR_2013
459
F I N D o u T M o R E A B o u T C N P A S S u R A N C E S
29
annual_report
5833
1,129
The rollforward of the allowance for credit losses on available-for-sale securities for the year ended December 31, 2020 was as follows:
21
10K
1407
491
In March 2000 Folksamerica acquired PCA for $122.3 million in cash.
11
10K
3025
598
Our services are reported under two operating segments: (i) Specialty Services; and (ii) PBM and traditional mail services (collectively, “PBM Services”).
21
10K
gb_lloyds_banking_grp-AR_2018
6,786
Lex Vehicle Leasing Ltd 2 Lime Street (Funding) Ltd 1 Lloyds (General Partner) Ltd (In liquidation) 58 Lloyds (Gresham) Ltd 1 x Lloyds (Gresham) No. 1 Ltd 1 Lloyds (Nimrod) Specialist Finance Ltd 1 Lloyds America Securities Corporation 14 Lloyds Asset Leasing Ltd 1 Lloyds Bank (BLSA) (In liquidation) 13 Lloyds Bank (Br...
100
annual_report
RSAInsuranceGroupPLC-AR_2015
580
12% • Reinsurance is used to mitigate the net impact of catastrophe risks to RSA and our programme is designed to cover at least 1 in 200 year events
29
annual_report
gb_lloyds_banking_grp-AR_2012
1,441
Anthony Watson, CBe senior independent director chairman of the Remuneration committee. Member of the Audit committee, the Risk committee and the nomination & Governance committee
25
annual_report
4003
1,194
Thomas, Thomas & Hafer of Harrisburg, PA is a law firm the Group uses for claims handling assistance. The brother of the Chief Executive Officer of the Group is a partner of the firm. Fees to Thomas,
37
10K
4045
1,228
The amortized cost and estimated fair value of the Company’s available-for-sale investments at December 31, 2009 by contractual maturity are set forth below. Actual maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment...
48
10K
2865
990
Years to maturity: One or less $ 32,307 $ 32,028 -- -- After one through five 164,041 160,734 -- -- After five through ten 83,582 81,756 -- -- After ten 8,753 9,762 -- -- Mortgage-backed securities 11,591 11,384 31,793 31,326 --------- --------- --------- --------- Total $ 300,274 $ 295,664 31,793 31,326 ========= ====...
55
10K
4151
840
Eight Clean-Coal Operations - We incurred capital expenditures totaling $31.4 million to build eight commercial clean-coal production operations, and placed each into service in December 2009 at several coal-fired power plants. These operations apply certain chemicals and technologies licensed from Chem-Mod, LLC (which...
118
10K
5116
1,229
We present at fair value in the Consolidated Statements of Financial Position our investments classified as available-for-sale, including fixed maturity and equity securities, investments classified as trading, derivatives, and embedded derivatives. For additional information regarding the key estimates and assumptions...
72
10K
5234
602
We prepare our financial statements in accordance with GAAP. The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect amounts reported in our financial statements and accompanying notes. Estimates and assumptions could change in the future as more informa...
127
10K
NatixisSA-AR_2020
12,094
“Click’n Trade” service and partnership 9. agreement between IXIS CIB, CNCE and Banque Palatine
14
annual_report
2057
552
In conformity with statutory reporting practices:(1).............................. $ 67,242 $163,181 $ 66,694 $ 852,645 $ 775,138 $ 628,274 Additions (deductions) by adjustment: Deferred policy acquisition costs, net of amortization......................... 197,835 163,243 157,617 1,683,224 1,532,683 1,189,380 Deferred...
115
10K
3648
3,585
Proceeds from sales or disposals of fixed maturity and equity securities and the components of fixed maturity and equity securities net investment gains (losses) are as follows:
27
10K
5839
931
The most significant assumptions that are involved in the estimation of supplemental gross profits include morbidity, persistency, expenses and interest rates expected to be received on investments. When a supplemental policy lapses, there is an immediate write down of the associated DAC.
42
10K
182
514
Another non-employee Director of the Company was an employee of Prudential Securities, Inc. ("PSI") through mid-1995. From 1994 through mid 1995, PSI acted as investment manager for the Company and for its retirement plan. The amount of fees paid directly to PSI during 1995 was not material, but the amount earned by PS...
79
10K
4209
706
We have audited the accompanying consolidated balance sheets of Ambac Financial Group, Inc. and subsidiaries (Debtor-in-Possession) (the “Company”) as of December 31, 2010 and 2009, and the related consolidated statements of operations, stockholders’ equity and cash flows for each of the years in the three-year period ...
110
10K
3202
869
Management believes it is more likely than not that the tax benefit relating to the Company’s deferred tax assets, net of the valuation allowance discussed above, will be realized.
29
10K
TrygAS-AR_2017
113
New purpose Technological developments are impacting our society at a speed that was unimaginable just a few years ago. These sweeping changes impact individuals and businesses and led Tryg to seek a new purpose which could simplify our customer offering. The new purpose ‘As the world changes, we make it easier to be t...
68
annual_report
StandardLifeAberdeenPLC-AR_2015
1,322
Before approving the level of performance in 2015, the Remuneration Committee sought the views of the Group Chief Risk Officer and the Risk and Capital Committee on the management of risk within the business.
34
annual_report
4230
3,963
In January 2007, the IRS began an examination of tax years 2004 through 2006. For tax years 2007 through 2010, the Company is participating in the IRS’s Compliance Assurance Program (“CAP”). Under CAP, the IRS assigns an examination team to review completed transactions contemporaneously during these tax years in order...
85
10K
AegonNV-AR_2019
8,940
In the United States, Aegon Asset Management focuses on offering investors fixed income, balance sheet solutions and real estaterelated strategies. It works directly with pension funds, endowments and foundations as well as investment consultants within the institutional market. In the wholesale market, Aegon Asset Man...
91
annual_report
2263
824
44 - A N N U A L R E P O R T 2 0 0 3
18
10K
4352
509
Commission revenue increased 5.4% to $17.9 million for the year ended December 31, 2010 from $17 million for the year ended December 31, 2009. Commission revenue is comprised principally of reinsurance commission sharing agreements, and commissions generated from agency operations. The increase is attributable to an in...
55
10K
5828
1,137
There were no deferred sales inducements balances at December 31, 2020 and 2019 because they were fully ceded.
18
10K
5017
1,505
On October 28, 2014, our Board of Directors approved a three-year stock purchase program, effective November 6, 2014, under which we can repurchase up to 10 million shares of our FNFV Group common stock through November 30, 2017. We may make repurchases from time to time in the open market, in block purchases or in pri...
163
10K
INGGroepNV-AR_2017
1,064
Report content and materiality In drawing up content for this report we have taken into account the topics that can have a material impact on our business as well as risks and opportunities, applicable regulation and trends.
37
annual_report
HiscoxLtd-AR_2015
682
Audit tender It was disclosed in last year’s report that a tender process was underway for the audit of the Group. KPMG had served as auditors of the Group since it was admitted to the main market of the London Stock Exchange in 1997. The audit had not been subject to a tender process in the past and as previously repo...
115
annual_report
1117
284
Commissions. Commissions to agents increased 45.3% to $80,273 in 1998 compared to $55,240 in 1997. Included are ANIC commissions on long-term disability policies, which generated $1,084 of expenses in 1998.
30
10K
1554
703
with our reorganization transaction. In January 2001, we began to reinvest approximately $35 million of cash in high yield fixed maturity investments. At March 15, 2001, we had approximately $33 million of such funds invested in high yield investments, with an average quality rating of BB- and an average duration of 4....
53
10K
5520
453
A portion of the securities acquired during 2018 and 2017 were acquired with the proceeds from advances on our funding agreements with the FHLB. The securities acquired to support these funding agreements often carry a lower average yield than securities acquired to support our other insurance products, due to the shor...
118
10K
2528
535
For the year ended December 31, 2004, the EuroAsia division had gross premiums written of $553.7 million, or 20.7%, of our gross premiums written, an increase of $145.6 million, or 35.7%, compared to $408.1 million, or 15.7%, of our gross premiums written for the year ended December 31, 2003. The increase is due to new...
113
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2010
1,884
the other non-operating expenses comprise foreign currency exchange losses of €3,736m (3,133m), write-downs of €135m (142m) on other intangible assets and other non-technical expenses of €422m (480m), such as expenses unrelated to the accounting period, project costs and other amounts that cannot be allocated elsewhere...
69
annual_report
2318
442
Other Expenses (Income), Net. Other expenses (income), net for the year ended December 31, 2003 was a net expense of $7.9 million compared to $5.0 million of net income for the year ended December 31, 2002. The other expense (income), net for the years ended December 31, 2003 and 2002, is primarily comprised of the ope...
61
10K