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HiscoxLtd-AR_2007
1,264
The amounts recognised in theGroup’s income statement are as follows: Current service cost 200 4,191 Interest cost 6,657 6,397 Expected return on scheme assets (7,711) (6,431) Net actuarial losses including curtailment charges recognised – 7,355 Past service cost – 668 Settlement gain recognised (4,913) – Effect of dee...
53
annual_report
PosteItalianeSpA-AR_2018
7,792
The above prudential standards have imposed the same obligations on BancoPosta as those applicable to banks in terms of corporate governance, internal controls and risk management, requiring, among other things, achievement of the following objectives: �� definition of a Risk Appetite Framework (RAF); �� oversight of i...
110
annual_report
AvivaPLC-AR_2018
4,326
Income earned relates to dividends. The Company incurred expenses in the year of £0.5 million (2017: £0.2 million) representing audit fees paid by the Company on behalf of subsidiaries. The Company did not recharge subsidiaries for these expenses.
38
annual_report
5294
1,204
We have audited the accompanying consolidated balance sheets of Selective Insurance Group, Inc. and its subsidiaries (the “Company”) as of December 31, 2016 and 2015, and the related consolidated statements of income, comprehensive income, stockholders’ equity, and cash flows for each of the years in the three-year per...
107
10K
AegonNV-AR_2013
3,983
Derivatives not designated in a hedge – general account 2013 2012 2013 2012
13
annual_report
2178
259
The accompanying consolidated financial statements include the accounts of Allstate Life Insurance Company ("ALIC") and its wholly owned subsidiaries (collectively referred to as the "Company"). ALIC is wholly owned by Allstate Insurance Company ("AIC"), a wholly owned subsidiary of The Allstate Corporation (the "Corpo...
74
10K
NatwestGroupPLC-AR_2015
1,443
• Pay is not the only lever and employees are supported by wider people initiatives with over 13,000 employees undertaking the ‘Determined to Lead’ programme in 2015.
27
annual_report
2290
982
The net losses and LAE incurred during 2003 related to prior years is attributable to recognition of unfavorable development in: commercial auto of $5,500 for accident years 2000 through 2002, workers' compensation of $5,500 of which $3,900 was attributable to Valor, and property and casualty of $1,500, most of which s...
154
10K
de_allianz-AR_2001
1,901
Cash flow statement Statement showing movements of cash and cash equivalents during an accounting period, classified by three types of activity: _ normal operating activities _ investing activities _ financing activities
31
annual_report
3815
2,644
Amortization of deferred policy acquisition costs increased as a result of the impacts of the Unlock in the third quarter of 2008 as compared to the third quarter of 2007, as well as the accelerated amortization associated with the 3 Win trigger. For further discussion of the 3 Win trigger see Unlock and Sensitivity An...
64
10K
ScorSE-AR_2017
437
The following table highlights losses due to natural catastrophes for the years 2017, 2016 and 2015: As at December 31
20
annual_report
5951
485
The following discussion and analysis presents a review of our results of operations for the years ended December 31, 2020, 2019 and 2018 and financial condition as of December 31, 2020 and 2019. This item should be read in its entirety and in conjunction with the Consolidated Financial Statements and related notes con...
65
10K
gb_prudential-AR_2019
6,122
Notes (i) The movement in unwind of discount and other expected returns from $2,802 million for 2018 to $2,270 million for 2019 from continuing operations is analysed as follows: Asia $m
31
annual_report
ASRNederlandNV-AR_2019
1,183
Legal structure ASR Nederland N.V. is the Group’s holding company. The supervised entities (OTSOs) within the Group are ASR Levensverzekering N.V., ASR Schadeverzekering N.V., ASR Basis Ziektekostenverzekeringen N.V., ASR Aanvullende Ziektekostenverzekeringen N.V. and ASR Bank N.V. On 1 May 2019, ASR Nederland N.V. com...
62
annual_report
ScorSE-AR_2012
5,463
I LP and Highfields Capital II LP covered by its excess policies. All of the proceedings are ongoing.
18
annual_report
4419
1,980
Our Australian mortgage insurance business increased $12 million, including an increase of $7 million attributable to changes in foreign exchange rates, largely attributable to an increase in non-deferrable expenses.
29
10K
5594
2,767
ASU issued but not yet adopted as of December 31, 2018 - ASU 2018-12
14
10K
2549
603
Total cash generated from financing activities was $200.1 in 2004, compared to $1.6 in 2003 and cash used of $4.6 in 2002. Cash provided by financing activities in 2004 resulted from net proceeds of approximately $198.0 from the issuance of 7.3% Senior Notes in June 2004, in addition to the exercise of stock options, p...
132
10K
4359
1,366
In 2009, a subsidiary of Aon issued €500 million ($655 million at December 31, 2011 exchange rates) of fixed rate debt due on July 1, 2014. Aon is exposed to changes in the fair value of the debt due to interest rate fluctuations. Aon entered into interest rate swaps, which were designated as part of a fair value hedgi...
91
10K
3507
2,279
Underwriting and pricing products effectively. One of the Company’s key priorities is to achieve strong profitability in a competitive health care market. The Company is focused on effectively managing pricing and underwriting decisions at both the case and overall business level, particularly for the
44
10K
AegonNV-AR_2018
7,238
Wholly-owned subsidiaries The Transamerica companies have over 100 years of history. This long tradition continues in Asia when Transamerica opened its first sales office in Shanghai over 80 years ago in 1933. Transamerica Life (Bermuda) Ltd. (TLB) was established in 2005 and its full-service branches opened in Hong Ko...
53
annual_report
DirectLineInsuranceGroupPLC-AR_2018
370
Other personal lines 126 133 Rescue and other personal lines 7,532 7,739
12
annual_report
SwissLifeHoldingAG-AR_2005
1
28 Banking 29 Investment Management 30 Swiss Life Network 37 Corporate Governance 56 Responsible Corporate Conduct 63 Embedded Value 65 Risk Management 67 Asset and Liability Management
27
annual_report
4169
807
The Medical Stop-Loss segment reported income from continuing operations before taxes of $1.9 million and $3.7 million for the years ended December 31, 2010 and 2009, respectively. The decrease is primarily attributable to the cancellation of underperforming managing general underwriters and market conditions;
43
10K
SwissReAG-AR_2013
2,367
Subordinated long-term debt maturity Instrument Issued in Currency Nominal in millions Interest rate Book value in USD millions
18
annual_report
fr_axa-AR_2003
4,305
We performed our works in accordance with the professional standards applicable in France. Those standards require that we plan and perform the review to obtain reasonable assurance about whether the evidence supporting the information in our possession is consistent with that information.
42
annual_report
2985
976
Ten-year term notes of $284 million at 4.75% and $300 million of floating rate EXtendible Liquidity Securities® (“EXLs”) that currently have a maturity of August 2007, subject to periodic extension through 2011. Each quarter, the holders must make an election to extend the maturity of the EXLs for 13 months, otherwise ...
148
10K
AvivaPLC-AR_2016
6,759
JPMorgan Indonesia Fund SICAV 35 6th Floor, Alexandra House, 18 Chater Road, Central
13
annual_report
TrygAS-AR_2012
30
In early 2012, Tryg announced that the Group’s Finnish business was undergoing a strategic audit, as the business had not attained the size and business volume required to operate profitably after 10 years on the market. In November 2012, Tryg sold its Finnish business to If.
46
annual_report
4267
688
Our combined insurance companies’ risk-to-capital calculation appears in the table below.
11
10K
3790
773
The mortgage and asset-backed portfolios include securities wrapped by monoline bond insurers to provide additional credit enhancement for the investment. We believe these securities were underwritten at investment grade levels excluding any credit enhancing protection. At December 31, 2008, the fair value of our insur...
134
10K
4028
606
Future policy benefits and policy claims and other policyholders’ funds related to fixed annuities and variable annuity guarantees include liabilities for fixed account values on fixed and variable deferred annuities, guaranteed benefits associated with variable annuities, equity indexed annuities and fixed annuities i...
46
10K
3748
541
Management Fees. Our management fees decreased 17.8%, or $80,058, to $368,841 in 2008 from $448,899 a year ago primarily due to an increase in unemployment benefit charges. Our current benefit charges may not necessarily correlate with the current national unemployment experience as the non-profit entities that utilize...
79
10K
DirectLineInsuranceGroupPLC-AR_2020
767
Taking action on pricing The insurance sector operates in a highly competitive market which works well for most customers. We support change to improve outcomes for long-standing customers and that is why we welcome the FCA’s Market Study on General Insurance Pricing Practices. These reforms, that aim to equalise custo...
71
annual_report
2702
604
The following table summarizes the Allowance for Doubtful Accounts activity for the years ended December 31, 2004, 2003, and 2002 (in thousands). Additions to the allowance for doubtful accounts are charged to expense. Write offs in 2004 include commission advances to start up franchisees totaling $418,000, most of whi...
54
10K
5825
1,692
è adverse conditions specifically related to the security, an industry, or a geographic area.
14
10K
HelvetiaHoldingAG-AR_2011
1,182
To improve the presentation of the balance sheet, Helvetia Group now distinguishes between Group financial assets and investments for unit-linked contracts (see Note 2.3, page 96).
26
annual_report
SwissLifeHoldingAG-AR_2011
853
STANDARDS AND INTERPRETATIONS EFFECTIVE IN THE CURRENT PERIOD — In May 2010, the International Accounting Standards Board issued annual improvements to IFRS. The improvements are effective for annual periods beginning on or after 1 July 2010 and 1 January 2011, as appropriate. An amendment to IFRS 7 Financial Instrumen...
71
annual_report
HiscoxLtd-AR_2016
290
Hiscox Retail Hiscox Retail accounts for 49% of the Group’s gross premiums written at £1,181.4 million (2015: £989.8 million). Within this segment, gross premiums written for the UK were up a healthy 12.5% at £498.6 million (2015: £443.3 million). Europe’s gross premiums written were up 17.8% to £174.7 million (2015: £...
113
annual_report
5925
786
Initial consideration for Chaucer Holdings Limited as determined in the sales and purchase agreement was $779 million. This amount, along with $28 million in cash proceeds received from the sale of the Irish entity on February 14, 2019 and $13 million from the sale of the Australian entities on April 10, 2019, estimate...
117
10K
1453
170
Consolidated Statements of Cash Flows for the Years Ended December 31, 2000, 1999 and 1998
15
10K
1197
833
Details underlying the balance sheet caption, "Contractholder Funds", are as follows:
11
10K
4914
647
At December 31, 2014 and 2013, there were no assets or liabilities that were required to be measured at fair value on a non-recurring basis. The Company did not have any transfers between fair value hierarchy levels during December 2014 and 2013. As of December 31, 2014 and 2013, the Company did not have any assets or ...
67
10K
nl_ing_grp-AR_2011
866
In the Netherlands, ING IM broadened its core fixed income fund range with the launch of the ING Covered Bond Basis fund in April. Since its launch, the fund has recorded EUR 1.4 billion of inflows.
36
annual_report
GjensidigeForsikringASA-AR_2017
823
The best digital customer experience in general insurance Gjensidige is developing digital service solutions in step with changes in customer preferences and to make operations more and more efficient.
29
annual_report
AvivaPLC-AR_2020
331
Health – While we are the number 3 player3 in health insurance, we are the only provider of scale that can offer individual and group protection products, making our health offering not only a standalone but also complementary proposition. 2020 has illustrated the importance of health and wellbeing to individuals, but ...
92
annual_report
NatwestGroupPLC-AR_2005
2,025
Gross unrecognised gains 356 169 525 Gross unrecognised losses (78) (5) (83)
12
annual_report
AvivaPLC-AR_2002
1,108
(f) At 31 December 2002, the Group held equity index futures, forwards and options to buy a notional total of £1,480 million (2001: £1,771 million) and to sell a notional total of £1,832 million (2001: £1,657 million) for long-term business operations. These contracts have a net positive fair value of £331 million (200...
77
annual_report
4068
779
Certain statements contained in this document, including Management’s Discussion and Analysis of Financial Condition and Results of Operations that are not historical facts, constitute forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may c...
166
10K
de_allianz-AR_2015
81
In November 2015, the Nomination Committee held a meeting by telephone conference to discuss the vacant position on the Supervisory Board that will materialise at the end of the AGM on 4 May 2016.
34
annual_report
AvivaPLC-AR_2004
1,015
Consolidated profit and loss account Non-technical account For the year ended 31 December 2004
14
annual_report
GjensidigeForsikringASA-AR_2013
2,832
Gjensidige annual report 2013 | 183 19. Net income from investments
11
annual_report
5815
666
The following table shows the percentage of total estimated fair value of our fixed maturity securities as of December 31, 2020 by credit rating category, using the lower of the ratings assigned by Moody's Investors Service or S&P.
38
10K
de_allianz-AR_2015
1,407
Over the past years, Allianz Group and its operating entities have developed operational contingency plans for various crisis scenarios. We continue to conduct scenario analysis on a regular basis to bolster our financial and operational resilience to strong shock scenarios. In addition, we continue to optimize our pro...
79
annual_report
INGGroepNV-AR_2014
6,180
Operational risks, such as systems disruptions or failures, breaches of security, cyber attacks, human error, changes in operational practices or inadequate controls may adversely impact our business, results of operation and reputation. Operational risks are inherent in our business. Our businesses depend on the abili...
285
annual_report
5052
904
The failure of any of the loss limitation methods we employ could have a material adverse effect on our financial condition or results of operations.”
25
10K
4124
643
Direct - Our 5.5% share of the Property and Casualty Group’s favorable development of prior accident year direct losses, after removing the effects of salvage and subrogation recoveries, was $1.2 million in 2009 and improved the combined ratio by 0.6 points. Driving the prior accident year development are $7.3 million ...
173
10K
RSAInsuranceGroupPLC-AR_2015
3,731
• The regulatory authority with responsibility for the prudential regulation and supervision of the UK financial services industry.
18
annual_report
3549
3,167
Related depreciation expense on real estate was $130 million, $131 million and $135 million for the years ended December 31, 2007, 2006 and 2005, respectively. These amounts include $13 million, $37 million and $62 million of depreciation expense related to discontinued operations for the years ended December 31, 2007,...
53
10K
4858
18,605
In the first quarter of 2014, a performance period from 2014-2016 was approved for certain of our executive officers by the Compensation Committee. The award for executive officers participating in this performance period consisted of LNC RSUs representing approximately 37%, LNC stock options representing approximately...
152
10K
AvivaPLC-AR_2008
645
In addition we complete regular assessments of our major suppliers and ensure that we have robust alternative supply options available. We assess the ongoing financial health of our major suppliers globally, coupled with a review of the business contingency plans to ensure an adequate standard of assurance is maintaine...
49
annual_report
NatixisSA-AR_2004
1,813
The market risk management system is based on a risk metrics model that measures the risk run by each Natexis Banques Populaires entity. The current model consists of a number of standard metrics, although Natexis Banques Populaires is also developing an internal VaR-based model.
44
annual_report
62
242
Mortgage Loans on Real Estate. Mortgage loans on real estate are carried at unpaid principal net of unearned discount and allowance for possible loan losses. Allowance for mortgage loan losses is based on an evaluation of the mortgage loan portfolio, past credit loss experience, and current economic conditions. Loans c...
60
10K
NatwestGroupPLC-AR_2018
906
Control Environment Certification – The GAC received bi-annual updates on control environment ratings of RBS’s franchises, functions and material subsidiaries and management’s plans to address areas of weakness. Management’s plans to address certain control issues are covered in more detail in the report of the Group B...
354
annual_report
5506
957
Policy benefits decreased $62.6 million compared to 2016, largely due to the favorable impact from reserve unlocking along with a decrease in life insurance mortality expense. The unlocking of $71.5 million was driven by valuation model assumption changes based on strong equity market performance experience in 2017. Lo...
80
10K
gb_prudential-AR_2016
2,983
— Amortisation of acquisition accounting adjustments arising on the purchase of business. This comprises principally the charge for the adjustments arising on the purchase of REALIC in 2012;
28
annual_report
ASRNederlandNV-AR_2015
2,539
The total assets and total income for the year ending 31 December 2014 of VKG as published in its consolidated financial statements amounted to € 22 million and € 17 million respectively. VKG is consolidated within Distribution and Services segment as of 22 January 2015.
45
annual_report
LloydsBankingGroupPLC-AR_2020
2,930
Building the best team Employee engagement index Set relative to 2022 markets norms
13
annual_report
5920
590
Our results for the year ended December 31, 2020 included the impact of unrealized investment gains of $1.5 billion, driven primarily by increases in the valuation of our other investments, predominantly hedge fund investments, and earnings from equity method investments of $238.6 million. Investments that are accounte...
94
10K
LloydsBankingGroupPLC-AR_2010
5,342
Lloyds Banking Group Annual Report and Accounts 2010 15 LOSS ON DISPOSAL OF BUSINESSES
14
annual_report
5229
1,451
The Company’s U.S. insurance subsidiaries are required by law to maintain certain minimum surplus on a statutory basis, and are subject to regulations under which payment of a dividend from statutory surplus is restricted and may require prior approval of regulatory authorities. Applying the current regulatory restrict...
79
10K
2814
765
Revenue. Total reported revenue for the year ended December 31, 2005 increased $442.7 million, or 70.2%, to $1,073.2 million from $630.5 million for the same period in 2004. This increase was concentrated in the Specialty Services segment and is primarily attributable to the acquisition of Chronimed (discussed in Note ...
73
10K
4917
2,445
• Consolidated net income available to common shareholders was $2.75 billion in 2014 compared to $2.26 billion in 2013. Net income available to common shareholders per diluted common share was $6.27 in 2014 compared to $4.81 in 2013. 2013 consolidated net income included the impact of an estimated loss on disposition o...
368
10K
5625
693
Amortization - Amortization expense increased in 2018 compared to 2017 and increased in 2017 compared to 2016. Historically, the risk management segment has made few acquisitions. In 2018, we made four acquisitions with annualized revenues of approximately $21.9 million. In 2017, we made three acquisitions with annuali...
73
10K
4523
2,031
In March 2012, the National Union Fire Insurance Company of Pittsburgh, Pa. (NUFI), an AIG Property Casualty company, became a member of the Federal Home Loan Bank (FHLB) of Pittsburgh. In August 2012, Chartis Specialty Insurance Company (CSI), an AIG Property Casualty company, became a member of the FHLB of Chicago. F...
117
10K
RaiffeisenBankInternationalAG-AR_2006
492
Set against own funds is an own funds requirement pursuant to the Austrian Banking Act of  3,284 million, which is steadily growing due to strong expansion. That corresponds to an increase of 37 per cent, or  891 million. Excess cover at year’s end comes to 37.4 per cent, or  1,229 million. In particular, the own fu...
87
annual_report
NatwestGroupPLC-AR_2014
3,598
Overview 170 Presentation of information 170 Business model and associated risks 171 Risk coverage 174 Top and emerging risk scenarios
20
annual_report
gb_prudential-AR_2014
1,802
Travel and expenses for non-executive directors are incurred in the normal course of business, for example in relation to attendance at Board and Committee meetings. The costs associated with these are all met by the Company.
36
annual_report
PhoenixGroupHoldingsPLC-AR_2011
1,792
Financial assets at fair value Derivatives 24 3,084 89 3,197 Financial assets designated at fair value through profit or loss upon initial recognition Equities 11,667 – 793 12,460 Fixed and variable rate income securities 34,336 5,816 747 40,899
38
annual_report
4843
1,387
In 2014, we expect our effective income tax rate will be significantly higher than the 35% statutory federal tax rate and could exceed 50%, excluding unusual charges or benefits, due largely to the impact of the health insurer fee as discussed in "Item 1A. Risk Factors-Federal health care reform legislation has had and...
83
10K
1657
2,608
In addition, states are beginning to adopt legislation that permits managed
11
10K
TrygAS-AR_2004
119
This brings focus on insurance company credit ratings, that is, an analysis of an insurance company’s financial strength, strategy, management, profitability and risk management, etc.
25
annual_report
3919
568
Derivative instruments that are entered into for hedging purposes are designated as such at the time RiverSource Life enters into the contract. For all derivative instruments that are designated for hedging activities, RiverSource Life formally documents all of the hedging relationships between the hedge instruments an...
125
10K
Sampoplc-AR_2018
1,273
Notes to Sampo plc’s Financial StatementsGroup's Notes to the Accounts 51FINANCIAL STATEMENTS 2018
13
annual_report
4146
1,371
The accounting policies of the segments are the same as those described in Note A. The Company manages most of its assets on a legal entity basis, while segment operations are conducted across legal entities. As such, only insurance and reinsurance receivables, insurance reserves and deferred acquisition costs are read...
120
10K
HelvetiaHoldingAG-AR_2019
1,477
Investment funds – interest-bearing securities 48.6 80.2 48.9 93.5 48.6 80.2 48.6 80.2 – – – –
17
annual_report
AegonNV-AR_2007
1,137
1 The information in this section (page 56-73) has been prepared in accordance with IFRS 7 ‘Financial Instruments Disclosure’.
19
annual_report
770
415
The provision for credit losses for the year ended December 31, 1997 was $12,456,000 as compared to $5,251,000 in the prior year, an increase of $7,205,000. This provision is the result of the Company recording additional credit losses based upon an increase in delinquency rates, the higher than
48
10K
INGGroepNV-AR_2020
3,685
Average fixed and annual variable remuneration 64 -1.7% 7% -1.1% - -
12
annual_report
3777
730
The operating cost ratio for 2007 was consistent with 2006. The operating cost ratio reflected productivity gains from technology deployment and other cost management initiatives, offset by the effect of business mix change as fee-based businesses such as Ingenix increase in size and impact, as well as increased invest...
99
10K
1063
465
We have a non-leveraged Employee Stock Ownership Plan (the ESOP) for the benefit of all eligible employees. Company contributions to the ESOP are made at the discretion of the board of directors. We made contributions to the ESOP of $4 million in 1998, $4 million in 1997, and $3 million in 1996.
52
10K
SwissReAG-AR_2019
5,586
You can get more information on our strategy in the 2019 Business Report at: reports.swissre.com/2019/businessreport /our-business/our-strategy.html.
16
annual_report
INGGroepNV-AR_2007
570
ING is responding to these trends. In mature markets ING is consolidating businesses to improve cost effi ciency and is optimising its distribution channels. In high-growth markets ING is leveraging the strengths of its products, services and distribution expertise. All these efforts contributed to an expansion of our ...
79
annual_report
1181
133
CNA Surety leases its executive offices and its shared branch locations with CCC under an Administrative Services Agreement. CNA Surety currently uses approximately 110,000 square feet and related personal property at 43 branch locations and its home and executive offices (24,261 square feet), in Chicago, Illinois. CNA...
84
10K
SwissReAG-AR_2014
2,298
Income before income tax expense 4 825 4 227 Income tax expense 13 –312 –658 Net income before attribution of non-controlling interests 4 513 3 569
26
annual_report
gb_prudential-AR_2008
138
We also remain comfortable with the Group’s liquidity position at both holding and subsidiary company level. The holding company has significant internal sources of liquidity. As well as cash and near-cash assets of £1.2 billion – more than sufficient to meet all our requirements for the foreseeable future – the Group ...
62
annual_report
5731
891
Net losses were $69.0 million for 2019 and $38.0 million for 2018, an increase in net losses of $31.0 million, which primarily resulted from a $23.8 million increase in dividends on preferred shares, a $17.8 million increase in corporate expenses, an $11.1 million decrease in net investment income, and a $1.0 million d...
85
10K
HannoverRueckSE-AR_2010
263
Munich and Zurich in the year under review and added Toronto, Chicago, Los Angeles and Geneva to our itinerary. Investors and analysts had another opportunity for a lively exchange with the Executive Board at our analysts’ conferences, which we again held same-day in Frankfurt and London one day after the press briefin...
79
annual_report
de_allianz-AR_2007
2,226
– the acquisition of 100.0 % participation in Insurance Company “Progress Garant”, Moscow,
13
annual_report
5082
652
For E&S casualty and programs unit risks, the State Auto Group has a combined casualty treaty whereby under Section A, we retain the first $1.0 million of covered loss and the reinsurers are responsible for 90.0% of loss in excess of $1.0 million up to $10.0 million for all primary business with policy limits issued gr...
266
10K