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3679
2,782
We have a $1.0 billion five-year revolving credit facility that matures in May 2012 and a $1.0 billion five-year revolving credit facility that matures in August 2012. These facilities bear variable interest rates based on one-month London Interbank Offered Rate (“LIBOR”) plus a margin. Lehman Commercial Paper Inc. (“L...
255
10K
992
324
In 1998, the outstanding promissory note payable referred to in note 7(a) above, totaling $34,318, was discharged and recorded as a capital contribution.
23
10K
4458
1,726
The amounts recognized in our consolidated balance sheets for our pension and OPEB plans at December 31, 2011 and 2010 are as follows:
23
10K
SwissReAG-AR_2020
938
After falling into bear markets as the pandemic took hold, global stock markets rallied for the rest of 2020 to recover most or all of their losses. The fiscal and monetary stimulus unleashed worldwide prompted major stock indices to rebound from falls of between 28% (Swiss Market Index (SMI)) and 38% (Eurostoxx 50). U...
75
annual_report
SwissReAG-AR_2018
1,789
Board members’ training The Board of Directors has a unique role in the company oversight. The company therefore strives on building a strong and effective Board culture, supported by ongoing learning, which is an important component to foster Board effectiveness. Newly elected Board members receive a comprehensive onb...
115
annual_report
ScorSE-AR_2020
356
1.3.5.2. OPERATING RESULT SCOR is characterized by its strategic positioning aimed at diversifying its exposures. To this end, the Group seeks to preserve: • the diversification of its business by maintaining a broadly balanced split between its Life and Non-Life reinsurance activities. The business volume split for th...
136
annual_report
4157
721
Investment Income: Investment income was $7.0 million for 2010 as compared to $4.3 million in 2009, reflecting an increase of $2.7 million, or 63.9%. The increase is primarily the result of increases in invested balances, as the Company has moved substantial amounts out of cash and cash equivalents into investments sin...
65
10K
5932
233
Other Expenses - Third-party administration fees and professional fees increased $90,164 and $159,158 for the year ended December 31, 2020, respectively. The administration fees increase resulted from a change in third-party administrators during 2020. There were two agreements in place overlapping one another during t...
80
10K
4543
1,164
The (re)insurance business of our operating subsidiaries inherently provides liquidity, as premiums are received in advance (sometimes substantially in advance) of the time claims are paid. However, the amount of cash required to fund claim payments can fluctuate significantly from period to period, due to the low freq...
56
10K
Sampoplc-AR_2009
554
Sampo plc, EURm investment returns at fair values in if p&c and Mandatum Life during 2000 – 2009
18
annual_report
2327
907
ReliaStar Life Insurance Company of New York (A wholly-owned subsidiary of ReliaStar Life Insurance Company) Notes to Financial Statements - --------------------------------------------------------------------------------
21
10K
1782
683
In December 1999, we contributed $1,000 to initially capitalize another subsidiary, which concurrently lent us $750 in exchange for a demand note, which is still outstanding.
26
10K
fr_axa-AR_2018
616
Net capital gains or losses attributable to shareholders net of income tax 455 237 237 23 32 (60) (7) (7)
20
annual_report
AvivaPLC-AR_2018
1,853
• We tested the design and operating effectiveness of controls over the accuracy and completeness of the data used.
19
annual_report
5437
358
Year Ended December 31, 2017 Compared to Year Ended December 31, 2016:
12
10K
PhoenixGroupHoldingsPLC-AR_2019
1,097
All colleagues are required to comply with the policy and take appropriate measures to ensure harassment and bullying do not occur�
21
annual_report
4936
1,462
Expense incurred for PFG stock issued under the plan for the years ended December 31, 2014 and 2013, respectively, was $66 and $65.
23
10K
4520
597
Management believes it is more likely than not that deferred tax assets will reduce future income tax payments. Significant factors considered by management in its determination of the probability of the realization of the deferred tax benefits include the historical operating results and the expectations of future ear...
103
10K
4523
1,687
Other income decreased due to the previously discussed legal settlement proceeds of $226 million in 2011 to resolve a litigation matter as discussed above.
24
10K
3641
1,249
The estimated fair values of the financial instruments were as follows:
11
10K
1849
1,410
sale fixed maturities during 2001, 2000 and 1999 were $13,521 million, $6,318 million and $5,105 million, respectively. Gross gains of $1,270 million, $909 million and $884 million, and gross losses of $1,136 million, $1,408 million and $1,231 million were realized on sales and prepayments of available for sale fixed m...
76
10K
4145
1,583
Equity earnings from financial operating affiliates increased during the year ended December 31, 2009 as compared to the same period of 2008 as a result of the Company’s disposition of its interest in Syncora. During the year ended December 31, 2008, the Company recorded $1.4 billion in losses related to reinsurance an...
123
10K
fr_axa-AR_2004
1,519
GUARDIAN ROYAL EXCHANGE (1999) The acquisition of GRE (Guardian Royale Exchange), in 1999, resulted in a goodwill of €1.138 million. The goodwill relating to the English, Irish and Portuguese Property & Casualty subsidiaries was mainly due to a significant deficiency in insurance claims reserves, and had been impaired ...
128
annual_report
4544
6,196
The Company has three reportable business segments, which are defined based on the nature of the products and services offered: Individual Insurance, Group Insurance, and Old American. The Individual Insurance segment consists of individual insurance products for both Kansas City Life and Sunset Life. The Individual In...
138
10K
SwissLifeHoldingAG-AR_2019
3,219
ATIM Université SCI, Paris FR 100.0% 100.0% Real estate EUR 72 789 644
13
annual_report
5022
1,280
The following table summarizes total premium income for the year ended December 31, 2012:
14
10K
2005
1,272
In general, all of the Company’s bank facilities, indentures and other documents relating to the Company’s outstanding indebtedness (collectively, the “Company’s Debt Documents”), as described above, contain cross default provisions to each other and the Company’s Debt Documents (other than the LYONs, CARZ and 6.5% Gua...
140
10K
4419
3,403
(b) Securitization and Variable Interest Entities Not Required To Be Consolidated
11
10K
3264
716
Due to the inherent uncertainties in estimating claim and claim adjustment expense reserves for APMT and due to the significant uncertainties described related to APMT claims, our ultimate liability for these cases, both individually and in aggregate, may exceed the recorded reserves. Any such potential additional liab...
117
10K
BeazleyPLC-AR_2016
226
Rising interest rates, which the Federal Reserve has signalled for 2017, have a short term negative impact on our investment returns as our bonds are marked to market, but longer term the impact is clearly positive.
36
annual_report
SwissLifeHoldingAG-AR_2006
1,857
Investment contracts with discretionary participation with deposit accounting 27 402 22 971
12
annual_report
NatixisSA-AR_2011
2,637
The “First-Level Internal Control” Project, launched in late 2011, was designed to strengthen the fi rst-level control system and its monitoring. Its roll-out, which concerns all of the Natixis consolidation scope, is being carried out in waves of entities or business lines. By late December 2011, deployment had taken ...
67
annual_report
545
513
The Company and a number of its non-insurance subsidiaries file a consolidated federal income tax return with a July 31 year end, which differs from its financial year end. Marketing One and its subsidiaries file a consolidated federal income tax return with a December 31 year end. The AA Life, PLAIC, and Salem Life gr...
76
10K
LloydsBankingGroupPLC-AR_2019
89
In 2019 the Group has continued to deliver for customers while making significant strategic progress and delivering a solid financial performance in a challenging external market. While it is disappointing that this was impacted by the additional PPI charge in the year, as a result of this performance, the Board has be...
65
annual_report
5291
1,309
The identifiable intangible assets acquired are to be measured at fair value as of the completion of the acquisition. The fair value of intangible assets is determined primarily using variations of the "income approach," which is based on the present value of the future after tax cash flows attributable to each identif...
156
10K
1814
897
The Company’s title insurance subsidiaries are subject to regulations that restrict their ability to pay dividends or make other distributions of cash or property to their immediate parent company without prior approval from the Department of Insurance of their respective states of domicile. During 2002, the Company’s ...
63
10K
4944
877
The increase in unearned premiums was $64.1 million for 2014, compared with $69.3 million in 2013. The $64.1 million charge to written premium was due to a $61.3 million increase in unearned homeowners’ insurance premiums, a $0.8 million increase in unearned flood premiums, a $1.2 million increase in unearned commercia...
122
10K
Sampoplc-AR_2009
1,712
Other assets include non-current assets EURm 50 (50). Item Other comprise rental deposits, salary and travel advancements and assets held for resale.
22
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2013
2,197
For the year under review 14,501 343 14,158 14,898 365 14,533 For previous years –926 –12 –914 –1,019 –15 –1,004
20
annual_report
2767
726
Future policy benefits and claims include reserves for traditional and group life insurance, accident and health insurance, and individual and group annuities that provide periodic income payments, which are computed using assumptions of mortality, morbidity, lapse, investment performance and expense. These assumptions...
229
10K
458
671
The higher interest rate environment at December 31, 1996 compared to December 31, 1995 resulted in unrealized gains on available-for-sale securities which totaled $3.7 million (net of $1.3 million of related amortization of deferred policy acquisition costs and value of insurance in force and $2.0 million of deferred ...
185
10K
de_allianz-AR_2008
4,186
(2007: � 2,045 mn) as of December 31, 2008. As of December 31, 2008, commitments outstanding to purchase real estate used by third-parties and owned by the Allianz Group used for its own activities amounted to � 650 mn (2007: � 219 mn).
43
annual_report
HannoverRueckSE-AR_2006
775
Significant price erosion is the hallmark of aviation (re-)insurance; after years of healthy profits, current market conditions are no longer attractive in some areas. We shall reduce our proportional acceptances and further diversify our non-proportional portfolio.
36
annual_report
fr_axa-AR_2010
9,099
The number of outstanding options and the number of exercisable options as of December 31, 2010 and 2009 are shown below by maturity date for AXA SA plans granted after November 7, 2002: Expiry date of options (in million)
39
annual_report
4067
1,157
On January 26, 2009, ING announced it reached an agreement, for itself and on behalf of certain ING affiliates including the Company, with the Dutch State on an Illiquid Assets Back-Up Facility (the “Back-Up Facility”) covering 80% of ING’s Alt-A RMBS. Under the terms of the Back-Up Facility, a full credit risk transfe...
238
10K
914
290
the Company to dispose of certain of these parcels. Parcels targeted for sale were generally non-income or low income producing and located in parts of the country where management has little other reason to travel to. The disposal of these properties will free up management time to focus on the properties that have a ...
197
10K
fr_axa-AR_2019
4,298
Group Compliance function manages a wide range of compliance related matters including (i) financial crime (which includes anti-bribery and corruption, anti-money laundering programs and international sanctions/embargo compliance), (ii) data privacy, (iii) compliance & ethics, (iv) the monitoring of other major complia...
56
annual_report
5897
581
Recently Adopted Accounting Pronouncements: In January 2016, the FASB issued ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities, or ASU 2016-01. The amendments in ASU 2016-01 changed the accounting for non-consolidated equity investm...
171
10K
5925
726
In 2018, net unfavorable loss and LAE development, excluding catastrophes, was $0.4 million. Commercial Lines favorable development of $34.1 million was primarily due to lower than expected losses of $31.0 million within the workers’ compensation line in accident years 2015 through 2017, and $25.1 million in other comm...
182
10K
4894
2,196
Typically, a lag exists between the reporting of a loss event to a ceding company and its reporting to us as a reinsurance claim. The use of a broker to transmit financial information from a ceding company to us increases the reporting lag.
43
10K
5643
1,223
This update amended the fair value measurement guidance by removing or clarifying certain existing disclosure requirements, while also adding new disclosure requirements. Specifically, this update removed certain disclosures related to Level 1 and Level 2 transfers and also removed the discussion regarding valuation pr...
162
10K
5816
522
Components of reinsurance receivables at December 31, 2020 and 2019 were as follows:
13
10K
fr_axa-AR_2008
7,016
In all cases, the total preferred dividend distributed to holders of preferred shares in a fiscal year shall not exceed 90% of the earnings available for distribution for such fiscal year.
31
annual_report
nl_ing_grp-AR_2016
3,577
– Total investment and other income 205 195 104 195 1,070 –127 1,642
13
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2016
237
We have the relevant abilities, resources and risk expertise to originate new solutions. In close cooperation with recognised partners, we generate added value through our business solutions and initiatives.
29
annual_report
TopdanmarkAS-AR_2016
44
Combined ratio excl. run-off profits 90.3 95.0 89.8 91.1 90.4 96.0 93.9
12
annual_report
ch_zurich_insurance_group-AR_2014
2,545
German pension plans There are a number of legacy defined benefit plans in Germany, most of which were set up under works council agreements. In 2007, a contractual trust arrangement was set up to support all pension commitments of the employing companies in Germany. From this time, new contributions to the contractual...
198
annual_report
NatwestGroupPLC-AR_2010
598
US Retail & Commercial launched the Student Money Bundle, a new packaged account offering a range of services and incentives for students. GoalTrack Savings is a programme that allows customers to set their own savings goals and earn a bonus for achieving them. Since it was introduced in December 2009 it has seen over ...
66
annual_report
fr_axa-AR_2014
1,508
Odile hurricane in Mexico) and a less favorable frequency in Bodily Injury in Personal Motor, partly offset by a lower frequency in Household; ■ the all accident year loss ratio increased by 3.3 points to 74.2% due to an increase of the current accident year loss ratio, as well as lower prior year reserve developments ...
64
annual_report
NatixisSA-AR_2002
163
Bank’s information systems committee, whose members represent each core business, meets each month to roadmap IT strategies. Likewise,
18
annual_report
StandardLifeAberdeenPLC-AR_2016
1,639
In addition to the cash allowance shown above Paul Matthews is a member of the Standard Life Staff Pension Scheme. Under the pension scheme rules his normal retirement date is at age 60. At 31 December 2016 he was aged 56 and his accrued defined benefit pension was £144,044 per annum. There is no additional value paid ...
60
annual_report
5695
698
Cancellation of $552 in principal amount outstanding, plus accrued and unpaid interest of $257 thereon, of Ambac Assurance's 5.1% surplus notes due 2020 (the "General Account Surplus Notes"); and
29
10K
1726
976
Portfolio Hedging -- The Company periodically compares the duration and convexity of its portfolios of assets to its corresponding liabilities and enters into portfolio hedges to reduce any difference to desired levels. Portfolio hedges reduce the duration and convexity mismatch between assets and liabilities and offse...
77
10K
LloydsBankingGroupPLC-AR_2001
1,193
• Current tax legislation and rates have been assumed to continue unaltered, except where future changes have been announced. The UK corporation tax rate used for grossing up was 30% (2000: 30%). The investment earnings have been grossed up at a composite longer term tax rate of 17% (2000: 17%).
50
annual_report
Sampoplc-AR_2011
1,181
Investment Policy. However, the most significant investment decisions are made by the Board. The ALCO regularly controls that limits and principles defined in the Investment Policy are followed.
28
annual_report
PhoenixGroupHoldingsPLC-AR_2020
5,047
On 6 December 2017, ReAssure Limited, a subsidiary of ReAssure Group plc, entered into an agreement to acquire the mature savings business of Legal and General Assurance Society ('LGAS'). The mature savings book consists of a block of unit linked and withprofit business, predominantly comprising traditional insurance b...
105
annual_report
StorebrandASA-AR_2004
1,033
Performance, risk exposure and investment profile are continuously monitored. In addition, the co-variance of the teams’ exposure is monitored to ensure the greatest possible independence in order to achieve the highest possible risk-adjusted return.
34
annual_report
NatixisSA-AR_2006
4,921
FINANCIAL DATA 6 Financial data Consolidated fi nancial statements and notes 8.1.2 - Financial liabilities at fair value through profit and loss
22
annual_report
434
439
The contractual maturities of mortgage loans at December 31, 1996, are as follows:
13
10K
gb_prudential-AR_2006
6,757
Effect of changes in economic assumptions and time value of cost of options and guarantees (note 12) 222 (45) (118) 59 59
22
annual_report
2240
1,009
Health Plan Operations. We are targeting future enrollment growth of 3% to 5% per year and ongoing gross and operating margin expansion in our health plan operations through a stable to slightly declining MCR and declining G&A expenditures. Over the past three years, our overall health plan enrollment has declined as w...
230
10K
3304
1,030
Details regarding the interest rate swaps are as follows (dollars in thousands):
12
10K
HelvetiaHoldingAG-AR_2014
3,612
Management. Other permanent members are the Chief Executive Officer (CEO), the
11
annual_report
5884
829
All purchases of and proceeds from investment securities for the years ended December 31, 2020 and 2019 relate to debt securities.
21
10K
2341
829
The following table sets forth the compilation of basic and diluted net earnings per common share:
16
10K
5399
1,191
The following table represents the Company’s in-force life insurance at December 31, 2017 and 2016:
15
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2019
257
Prof. Dr. Dr. h.c. Ursula Gather thyssenkrupp AG, Essen4 – Rector of TU Dortmund University Member since 30 April 2014
20
annual_report
RaiffeisenBankInternationalAG-AR_2005
147
Unlike many other cities, Pristina does not impress one with the beauties of its past. Its main attraction is the interesting nature of its present. Few places have been transformed as quickly. The pace of change is apparent wherever you go. Not long ago, Pristina was a slightly larger-than-small town. Then a zone of p...
183
annual_report
AvivaPLC-AR_2020
1,519
The Committee monitored the impact of COVID-19 on the control environment and for the performance of control assurance activity. The Committee continued to engage with the regulator to seek clarification on the balance sheet disclosures, including treating COVID-19 as a “major development” as per SII Directive.
46
annual_report
2639
693
In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of Sierra Health Services, Inc. and subsidiaries as of December 31, 2004 and 2003, and the results of their operations and their cash flows for each of the three years in the period ended December 31,...
99
10K
5734
807
Gross written premiums were $154.9 million for the year ended December 31, 2018 compared to $120.2 million for the year ended December 31, 2017, an increase of $34.7 million, or 28.8%. Premium growth in 2018 was due primarily to an increased volume of policies written across our lines of business which was driven by ex...
90
10K
2031
921
On November 4, 2002, Trenwick Managing Agents entered into a second agreement with NICO, which was amended on December 23, 2002, and which enabled Syndicate 839 to have an authorized premium capacity of (pound)328,100 ($ 528,241), before qualifying quota share, for the 2003 year of account. Under the terms of the amend...
98
10K
GjensidigeForsikringASA-AR_2014
1,262
General insurance Private 321.2 364.3 General insurance Commercial 397.3 447.5 General insurance Nordic 532.4 449.0 General insurance Baltics 1.8 1.8
20
annual_report
PowszechnyZakladUbezpieczenSA-AR_2020
2,234
On 6 April 2020, S&P Global Ratings (S&P) changed the ratings outlook for the Company from positive to stable. PZU’s financial strength and credit rating remained at A-.
28
annual_report
5585
872
We record our best estimate of reserves for claim litigation that arises in the ordinary course of business. We consider all of our pending litigation as of December 31, 2018 to be ordinary, routine and incidental to our business.
39
10K
4269
769
Cash flows used for investing activities increased $4.4 billion, primarily due to acquisitions completed in 2010, decreases in sales of investments due to a more stable market environment and uses of operating cash to purchase investments.
36
10K
805
199
The Company does not own any real estate; it leases approximately 24,000 feet of office space in Chicago. The lease has a term expiring in 2000, with an option for the Company to extend the lease through 2003. In addition, the Company leases approximately 1,700 feet of office space in Milwaukee with a term expiring in ...
98
10K
ASRNederlandNV-AR_2019
186
Within P&C, a.s.r. can continue to grow organically by gaining market share at the targeted COR and, where available, by adding books of business without materially increasing operational expenses, consequently benefiting from economies of scale. The distribution partners in the portfolio can facilitate this growth.
45
annual_report
2836
7,053
The Company has the right to defer interest payments on the junior subordinated securities for up to twenty consecutive quarters but, if so deferred, it may not declare or pay cash dividends or distributions on its Class A Common stock. The Company has guaranteed the obligations of these statutory trusts with respect t...
65
10K
535
300
The liability for future policy benefits has been provided on a net level premium basis based upon estimated investment yields, withdrawals, mortality and other assumptions that were appropriate at the time the policies were issued. Such estimates are based upon industry data and the Company's past experience as adjust...
58
10K
4390
1,016
The following table sets forth the effect of the Company’s external reinsurance on its income statements for the years ended December 31, 2011, 2010 and 2009, prior to the reinsurance transaction with State Auto Mutual under the Pooling Arrangement, as discussed in Note 6a:
44
10K
NatwestGroupPLC-AR_2008
1,240
Liquidity management within the Group addresses the overall balance sheet structure and the control, within prudent limits, of risk arising from the mismatch of maturities across the balance sheet and from exposure to undrawn commitments and other contingent obligations.
39
annual_report
794
88
* Selected financial data under generally accepted accounting principles is not available for the 1993 fiscal year. See Management's Discussion and Analysis and Notes to the Consolidated Financial Statements for additional information.
32
10K
235
820
1995 compared to 1994 Excluding interest income of $45 million earned in 1995 on amounts due from affiliates, investment income decreased $8 million (5%) due to a decrease in average investments held.
32
10K
4312
1,745
Our default to claim rate assumption was 40% at December 31, 2010 and 36% at December 31, 2009. A key assumption affecting our reserving methodology is that our default to claim rates and severities will be consistent with our recent experience. Our estimate of expected insurance rescissions and claim denials embedded ...
342
10K
5412
1,196
be other than temporary. See the discussion below on realized investment gains and losses for a description of the accounting for impairments. After-tax unrealized gains and losses on: (i) fixed income securities classified as AFS; and (ii) fixed income securities that were transferred into an HTM designation from an A...
60
10K
5256
1,325
Net derivative gains (losses) except: (i) earned income on derivatives and amortization of premium on derivatives that are hedges of investments or that are used to replicate certain investments, but do not qualify for hedge accounting treatment and (ii) earned income on derivatives and amortization of premium on deriv...
64
10K
AdmiralGroupPLC-AR_2015
689
• International Car Insurance losses totalled £22.2 million (2014: £19.9 million).
11
annual_report
5583
3,773
Other notes and contracts payable with maturities through 2032, weighted-average interest rate of 4.49% and 4.70% at December 31, 2018 and 2017, respectively
23
10K
nl_ing_grp-AR_2012
3,184
Diluted earnings from continuing operations 2,344 2,573 1,964 3,802.4 3,789.1 3,788.1 0.62 0.68 0.52
14
annual_report