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noncontrolling interests on Ambac's balance sheet) and iii) an estimated control premium. Step one of the impairment test indicated the Financial Guarantee reporting unit's carrying value exceeded its fair value.
30
10K
ASRNederlandNV-AR_2016
277
Consumer behaviour is shifting from owning items to sharing them. The role of traditional players in the energy and telecommunications markets is changing and companies such as Philips are changing course, in this case from lighting to medical equipment. Thought patterns are shifting from ‘trust in institutions’ to ‘tr...
119
annual_report
3053
1,280
During 2006, the Company structured two investment companies, Hudson-Thames and East-Fleet Finance Limited, along with its co-issuer, East-Fleet Finance LLC, which are not consolidated into the financial statements of the Company. MBIA, through its subsidiaries, provides asset management and administrative services to ...
87
10K
957
611
Net investment income: Fixed maturities ............ $ 109.2 $ 115.8 $ 98.2 Equity securities ........... 19.4 18.4 19.9 Other long-term investments . 2.6 17.4 16.1 Short-term investments ...... 10.8 16.3 13.2 Accounts and notes receivable 0.7 0.5 0.3 Other ....................... 3.2 0.1 0.3 -------- -------- --------...
75
10K
4846
761
Amortization of deferred policy acquisition costs is impacted by persistency and may fluctuate from year to year. Amortization in 2013 increased as we experienced lower persistency in both the life and home service segment. Amortization costs increased in 2012 compared to 2011 as a result of the asset balance growth. P...
131
10K
4512
2,920
In 2010, gross written premiums reduced slightly from 2009 despite a $38.6 million increase in premiums in property catastrophe reinsurance which included $12.0 million of reinstatement premiums associated with the Chilean earthquake. The increase was in contrast to reductions across our other reinsurance lines. Writte...
93
10K
5442
590
As illustrated by the table above, 31.0% of Atlas’ gross premiums written year ended December 31, 2016 came from New York and 58.6% came from the five states currently producing the most premium volume, as compared to 58.2% for the year ended December 31, 2015. Global Liberty experienced the highest gross premiums writ...
81
10K
4995
735
During 2014, AMIC received $33,000 in cash from the exercise of stock options with an aggregate intrinsic value of $38,000. No options were exercised during the years ended December 31, 2013 or 2012.
33
10K
NatixisSA-AR_2016
10,715
Auditors on the agreements and commitments subject to the of the fiscal year ended December 31, 2016 of compensation due or granted in respect of Directors) to François Pérol, Chairman of the Board
33
annual_report
5835
2,141
•$25 million of net adverse prior year reserve development on liability business primarily due to reserve strengthening within the U.S. excess casualty and U.S. primary casualty books of business mainly driven by the higher frequency and severity of auto claims and the higher frequency of general liability claims mainl...
57
10K
2310
226
This Form 10-K contains forward-looking statements. Forward-looking statements are statements not based on historical information and that relate to future operations, strategies, financial results, or other developments. In particular, statements using verbs such as "expected," "anticipate," "believe," or words of sim...
268
10K
Sampoplc-AR_2005
842
The most noteworthy risk included in liabilities is the interest rate risk related to the guaranteed interest. In most withprofit policies, the guaranteed interest rate used in the premiums basis is 3.5 per cent.
34
annual_report
StorebrandASA-AR_2006
1,020
A good return, but not at any price. Storebrand’s funds will not invest in companies involved in breaches of human rights, breaches of employees ' rights, serious environmental damage, corruption, land mines, cluster bombs, nuclear weapons or tobacco, as well as companies that are among the worst 10% in high-risk indus...
130
annual_report
4455
1,141
The PIP is designed to reward the annual performance of a business based on the business’s earnings growth. For the initial 12-month performance period of October 1, 2009 through September 30, 2010, a cash incentive payment was made to the extent a business’s earnings exceeded its PIP Performance Target (as defined bel...
253
10K
ch_zurich_insurance_group-AR_2018
1,659
Risk from equity securities and real estate The Group is exposed to risks from price fluctuations on equity securities and real estate. These could affect the Group’s liquidity, reported income, economic surplus and regulatory capital position. Equity risk exposure includes common stocks, including equity unit trusts, ...
172
annual_report
PowszechnyZakladUbezpieczenSA-AR_2020
7
PZU Group’s activity 49 3.1 Structure of the PZU Group 50 3.2 Non-life insurance (PZU, LINK4 and TUW PZUW) 52 3.3 Life insurance (PZU Życie) 58 3.4 Banking (Bank Pekao, Alior Bank) 63 3.5 Mutual funds and Employee Capital Schemes (TFI PZU) 67 3.6 International operations 70 3.7 Medical services (Health) 73 3.8 Pension ...
63
annual_report
AvivaPLC-AR_2016
1,564
In addition, PwC were paid £9.4 million (2015: £15.2 million) for other services, including £8.1 million (2015: £13.3 million) for other assurance services, giving a total fee to PwC of £33.3 million (2015: £34.5 million). This included £7.7 million relating to the SII internal model independent validation and SII bala...
98
annual_report
4561
1,152
we incur to acquire new business or renew existing business. We expense policy acquisition costs related to our employer-group prepaid health services policies as incurred. These short-duration employer-group prepaid health services policies typically have a one-year term and may be cancelled upon 30 days notice by the...
49
10K
4435
617
We utilize equity options as a means to hedge equity-indexed deferred annuity benefits. Equity-indexed deferred annuities include a fixed host annuity contract and an embedded equity derivative. The embedded derivative portion of the contract represents benefits in excess of fixed guarantees, and the host is associated...
172
10K
1934
827
Although the securitized loans are included on FSA's balance sheet, the securitized loans continue to support FSA-insured transactions exclusively, subject to considerable first loss and quota share reinsurance. In accordance with AICPA Practice Bulletin 6, "Amortization of Discounts on Certain Acquired Loans," the Com...
98
10K
GjensidigeForsikringASA-AR_2020
3,274
The category financial derivatives comprise the class financial derivatives at fair value through profit or loss.
16
annual_report
AssicurazioniGeneraliSpA-AR_2019
4,345
Cosmos Lebensversicherungs Aktiengesellschaft 1.28 Cosmos Versicherung Aktiengesellschaft 2.74 ADVOCARD Rechtsschutzversicherung AG
11
annual_report
2484
1,569
In addition, the Company is subject to concentration of risk with respect to reinsurance ceded to various residual market mechanisms. As a condition to the ability to conduct certain business in various states, the Company is required to participate in various residual market mechanisms and pooling arrangements which p...
198
10K
2515
578
INVESTMENTS We classify our investments in fixed maturity securities as available for sale and report these securities at their estimated fair values based on quoted market prices or a recognized pricing service. Changes in unrealized gains and losses on these securities are reported as a separate component of comprehe...
89
10K
4287
571
For debt securities that are considered OTTI and that we do not intend to sell and more likely than not would not be required to sell prior to recovery of the amortized cost basis, we recognize OTTI losses in accordance with the provisions of the ASC. The amount of the OTTI loss is separated into the amount that is cre...
119
10K
343
608
Special Programs' loss ratio was 72.6% in 1996, 72.9% in 1995 and 75.4% in 1994. The improvement in the 1996 loss ratio for this segment is primarily attributable to a lower loss ratio for Connecticut Specialty, both from the change in its reinsurance during 1996 and the impact on 1995 results of certain cancelled prog...
125
10K
NatixisSA-AR_2009
4,763
8.2 - Breakdown of tax on gains and losses recognized in equity
12
annual_report
3961
1,441
White Mountains Re’s total other revenue, including foreign currency translational losses, decreased to a loss of $16 million in 2008 from a gain of $5 million in 2007. This decrease was primarily a result of $59 million in losses from foreign currency transactions in 2008 that were primarily the result of the weakenin...
101
10K
SwissReAG-AR_2015
4,220
We also encourage our employees to own Swiss Re shares by providing the Global Share Participation Plan and the Incentive Share Plan. Our employees can get a comprehensive overview of all their incentive plans online.
35
annual_report
2228
1,607
Recently-adopted legislation and regulations governing the use and security of individuals’ nonpublic personal data by financial institutions, including insurance companies, may have a significant impact on the Company’s business and future results of operations.
34
10K
PosteItalianeSpA-AR_2019
7,454
Section 2 – Basis of preparation The Separate Report has been prepared in application of the 6th update of Bank of Italy Circular 262 of 22 December 2005 – “Banks’ Financial Statements: Layouts and Preparation”, and of art. 2447 septies, paragraph 2, of the Italian Civil Code. On 27 May 2014, the Bank of Italy issued s...
240
annual_report
3996
631
We believe that funds generated from operations, including dividends from insurance subsidiaries, parent company cash and funds available under our Credit Agreement will provide sufficient resources to meet our liquidity requirements for at least the next 12 months. However, if these funds are insufficient to meet fixe...
217
10K
349
256
Bonds payable represent 8 1/4% Mortgage-backed US Dollar Bonds due March 1, 1997 which are collateralized by annuities disclosed in note 5 above. The bonds were repaid on March 1, 1997.
31
10K
5486
949
Net investment income after tax and noncontrolling interests increased $28 million in 2017 as compared with 2016. The increase was driven by limited partnership investments, which returned 9.1% in 2017 as compared with 6.3% in the prior year.
38
10K
AssicurazioniGeneraliSpA-AR_2019
1,427
Net non-operating income from financial instruments at fair value through profit or loss
13
annual_report
AegonNV-AR_2010
2,964
Of the debt securities, money market and other short-term investments, mortgages and private loans EUR 16,841 million is current (2009: EUR 23,788 million).
23
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014
2,788
Impact on equity and the consolidated income statement In the liability adequacy test pursuant to IFRS 4, the technical provisions and deferred acquisition costs are regularly tested to ensure they are adequate. An adjustment is made if such tests show that, as a whole, the amounts calculated using the previous assumpt...
80
annual_report
5797
2,502
The United States also imposes an excise tax on insurance and reinsurance premiums paid to non-U.S. insurers or reinsurers with respect to risks located in the United States. The rate of tax, unless reduced by an applicable U.S. tax treaty, is 1% for all reinsurance premiums. The Company incurs federal excise taxes on ...
99
10K
HelvetiaHoldingAG-AR_2016
491
We have formed various committees in order to make good use of individual member expertise in the decision-making processes. With the Strategy and Governance Committee, the Nomination and Compensation Committee, the Audit Committee as well as the Investment and Risk Committee, Helvetia
42
annual_report
4689
1,508
Premiums and fees received for the Company's Medicare Advantage Plans and Medicare Part D products from customers and the Centers for Medicare and Medicaid Services ("CMS") are recognized as revenue ratably over the contract period. CMS provides risk-adjusted premium payments for the Medicare Advantage Plans and Medica...
143
10K
gb_lloyds_banking_grp-AR_2013
2,664
Annualised absolute total shareholder return 33.33% of award 8% 14% 25% 100% 8% 25.3%
14
annual_report
AvivaPLC-AR_2009
2,669
Deferred tax In respect of pensions and other post-retirement obligations (45) (15) In respect of unrealised gains/(losses) on investments 241 (203)
21
annual_report
2510
1,626
Hartford. The Hartford’s net exposure in these arrangements has increased for a variety of reasons, including The Hartford’s commutation of previous retrocessions of such business. Due to the reporting practices of cedants to their reinsurers, determination of the nature of the individual risks involved in these whole ...
69
10K
3189
393
For purposes of this discussion, “MICC” or the “Company” refers to MetLife Insurance Company of Connecticut (formerly, The Travelers Insurance Company), a Connecticut corporation incorporated in 1863 (“MetLife Connecticut”), and its subsidiaries, including MetLife Life and Annuity Company of Connecticut (“MLAC,” former...
101
10K
gb_prudential-AR_2015
4,693
This inherited estate enables PAC to support with-profits business by providing the benefits associated with smoothing and guarantees, by providing investment flexibility for the fund’s assets, by meeting the regulatory capital requirements that demonstrate solvency and by absorbing the costs of certain significant eve...
80
annual_report
PhoenixGroupHoldingsPLC-AR_2018
436
Our Open business provides the opportunity to grow organically through the matching of products to new and existing customers as part of our Strategic Partnership with Standard Life Aberdeen and under the Group’s SunLife brand. Such growth brings additional scale to our business and dampens the run-off of our Heritage ...
51
annual_report
4095
2,586
During 2009, we purchased securities under the Federal Reserve’s Term Asset-Backed Securities Loan Facility, or TALF. The TALF is designed to provide secured financing for the acquisition of certain types of asset-backed securities, including certain high-quality commercial mortgage-backed securities issued before Janu...
57
10K
RaiffeisenBankInternationalAG-AR_2020
8,068
The other net operating income does not include any direct core income, but rather special earnings components that arise in connection with the operating business
25
annual_report
ch_zurich_insurance_group-AR_2016
2,933
ZFS Finance (USA) Trust V Series V 6.5% USD 501 million Trust Preferred Securities, due May 2067, first callable May 2017 501 501
23
annual_report
nl_ing_grp-AR_2015
8,136
Tier 1 capital The Tier 1 capital of an institution consists of the sum of the common equity Tier 1 capital and additional Tier 1 capital.
26
annual_report
PhoenixGroupHoldingsPLC-AR_2011
1,603
Current tax receivables 8 5 Net deferred tax assets – – Total tax assets 8 5
16
annual_report
5357
717
Income before taxes from the Group disability, life and DBL segment increased $0.4 million in 2017 compared to prior year results primarily due to lower claims in the short and long term disability and group term life lines, partially offset by lower income from the international line due to run-off of that line of bu...
55
10K
gb_prudential-AR_2013
1,296
Induction and development The Group Company Secretary supports the Chairman in providing tailored induction programmes for new directors and ongoing development for all directors. On appointment, all directors embark upon a wide-ranging induction programme covering, amongst other things, the principal bases of accounti...
144
annual_report
AvivaPLC-AR_2008
4,563
There are no minority interests in the United Kingdom or North America.
12
annual_report
ScorSE-AR_2019
378
In EUR millions 2018 20172019 By operating segment 56%9,194 60%9,083 59%8,764SCOR Global Life
13
annual_report
5413
1,165
In addition to updating assumptions in the fourth quarter of each year, an Unlock revises EGPs, on a quarterly basis, to reflect the Company’s current best estimate assumptions and market updates of policyholder account value. The Unlock for future separate account returns is determined each quarter. Under RTM, the exp...
131
10K
NatixisSA-AR_2010
183
Natixis Global Asset Management’s business model is based on a global distribution platform serviced by multi-specialist asset management companies meeting the needs of a large international client base. Its diverse range of skills, its distribution capacity and the fl exibility of its business model have enabled Natix...
96
annual_report
NatwestGroupPLC-AR_2004
1,757
S ta te m en t of di re ct or s’
12
annual_report
3589
719
In determining when a decline in fair value below amortized cost of a fixed maturity security is other than temporary, we evaluate the following factors:
25
10K
4617
632
In addition, pursuant to the Indenture, dated as of August 1, 1990 (as supplemented and amended, the “1990 Indenture”), governing the Company’s 6.40% Senior Notes due 2022, 7.00% Debentures due 2025, 7.15% Debentures due 2027 and 6.625% Debentures due 2028 (collectively, the “1990 Notes”), any acceleration of the amoun...
155
10K
SwissReAG-AR_2015
299
Corporate Solutions Net income attributable to common shareholders 319 340 7
11
annual_report
4523
3,721
The following table presents the reconciliation of activity in the Liability for unpaid claims and claims adjustment expense:
18
10K
2894
816
Future policy benefits reserves: Reserves for long term care products are computed using the net level premium method, which incorporates actuarial assumptions as to interest rates, mortality, morbidity, persistency, withdrawals and expenses. Actuarial assumptions generally vary by plan, age at issue and policy duratio...
145
10K
5030
699
We currently have five reporting units for goodwill impairment purposes. These reporting units are our U.S. Services segment excluding U.S. Contractor Connection operations, our U.S. Contractor Connection operations on a stand-alone basis, and our other reporting segments - International, Broadspire, and Garden City Gr...
116
10K
5100
738
Additionally, if OCI approves interest payments on surplus notes in the future, Ambac Assurance will also be required to pay interest accrued on certain repurchased surplus notes through the call option exercise dates. The amount of such unpaid interest on repurchased surplus notes is $13.7 million at December 31, 2015...
50
10K
2781
1,168
underlying the estimation of our loss reserve and we make adjustments that we believe the emerging data indicate. Any adjustments necessary are reflected in the then-current operations.
27
10K
5058
1,781
We develop our estimate for IBNR using actuarial methodologies and assumptions, primarily based upon historical claim payment and claim receipt patterns, as well as historical medical cost trends. Depending on the period for which we are estimating incurred claims, we apply a different method in
45
10K
TopdanmarkAS-AR_2016
434
Education: • Law degree, University of Copenhagen • Special law programme, Columbia University, NY,
14
annual_report
BeazleyPLC-AR_2018
1,659
The directors are responsible for the other information presented in the Annual Report together with the financial statements. Our opinion on the financial statements does not cover the other information and, accordingly, we do not express an audit opinion or, except as explicitly stated below, any form of assurance co...
51
annual_report
HannoverRueckSE-AR_2008
124
Life/Health Reinsurance: Within five years one of the three major, globally operating life and health reinsurers of above-average profitability – annual double-digit growth in volume and profit indicators – special attention devoted to the regional and biometric balance of the portfolio
41
annual_report
2274
292
During 2003, the Company adopted the provisions of Statement of Financial Accounting Standards ("SFAS") No. 133 Implementation Issue No. B36, "Embedded Derivatives: Modified Coinsurance Arrangements and Debt Instruments That Incorporate Credit Risk Exposures That Are Unrelated or Only Partially Related to the Creditwor...
91
10K
2035
1,098
Included in 2001 net realized capital losses were write-downs for other than temporary impairments on primarily corporate and asset-backed fixed maturities of $105. Write-downs on corporate securities totaled $63 and included impairments in the utilities sector of $37 and the communications and technology sector of $17...
146
10K
2924
898
(2) Included in these ratios are the 2005 before-tax charge of $1.0 million related to the settlement agreement with the California Department of Insurance and related matters and the 2004 before-tax charge of $1.1 million related to the settlement of the multistate market conduct examination. Excluding these charges, ...
63
10K
5762
1,198
Most options sold consist of covered calls. The Company writes covered calls on underlying equity positions held as an enhanced income strategy that is permitted for the Company’s insurance subsidiaries under statutory regulations. The Company manages the risk associated with covered calls through strict capital limita...
70
10K
1478
412
NOTE 17 - REPURCHASE OF COMMON STOCK - EFFECT ON STOCKHOLDERS' EQUITY - --------------------------------------------------------------------- In April 2000, the Company announced that its Board of Directors had authorized the repurchase in the open market from time to time of up to an aggregate of 315,000 shares of the...
189
10K
2065
397
The table below sets forth the NAIC SVO ratings for our bond portfolio (including short-term securities) and, what we believe are the equivalent rating agency designations. At December 31, 2002 and 2001, 94% and 91%, respectively, of the portfolio was invested in NAIC Classes 1 and 2 securities.
48
10K
gb_prudential-AR_2019
4,333
Group total analysis, including other financial liabilities held at fair value from continuing operations
14
annual_report
ScorSE-AR_2015
1,479
Due notably to the size and complexities of acquisitions, despite pre-acquisition due diligence work carried out (SCOR not having always been granted complete access to exhaustive data at the time of the acquisition) and the integration work performed to date, there is a risk that not all financial elements may have be...
81
annual_report
5026
1,909
For stock option awards granted in 2014, 2013 and 2012, in addition to the time-based vesting requirements, the options contain a performance hurdle whereby the options will only vest if the closing price of our common stock on the NYSE exceeds $19.30 (125% of the option exercise price), $17.49 (125% of the option exer...
81
10K
5584
956
Management evaluates the need for a valuation allowance related to its deferred tax assets. At December 31, 2018 and 2017, the Company recorded a tax valuation allowance equal to the state NOLs and the deferred tax assets, net of existing deferred tax liabilities that were expected to reverse in future periods, related...
108
10K
1101
439
On June 20, 1997, Granite acquired certain assets and liabilities of SFR Funding, Inc. ("SFR"), a small ticket equipment leasing company, for cash of $300,000, a note payable of $250,000 and the assumption of certain liabilities. The SFR transaction resulted in cost in excess of net assets acquired of $681,000. Neither...
80
10K
2666
395
Net investment income increased $5.4 million in 2004, as compared to an increase of $3.6 million in 2003. The increase in both years was primarily due to growth in the invested assets in Australia and favorable exchange rates, along with an increase in allocated investment income. Investment income and realized investm...
95
10K
4746
966
We have three reportable operating segments: brokerage, risk management and corporate. The brokerage segment is primarily comprised of retail and wholesale insurance brokerage operations. The brokerage segment generates revenues through commissions paid by insurance underwriters and through fees charged to our clients....
224
10K
678
467
Policy Revenues. Policy revenues remained relatively constant during 1997 at $345.6 million compared to $348.1 million during 1996 after increasing from $301.9 million during 1995. The very modest decline was primarily the result of a decline in policy charges associated with accumulation products due to increased surr...
47
10K
de_allianz-AR_2019
2,005
The construction and application of the replicating portfolios mentioned are subject to the set of replicating instruments available and might be too simple or restrictive to capture all factors affecting the change in value of liabilities. As with other model components, the replication framework is subject to indepen...
76
annual_report
AegonNV-AR_2018
7,777
or more of the voting shares of Aegon;  Partnerships, or arrangements treated as partnerships for US tax purposes, or pass-through entities or persons who hold common shares through partnerships or other pass-through entities; and  Holders that have a 'functional currency' other than the US dollar.
47
annual_report
2384
914
Our consolidated investment portfolio holds primarily investment grade securities comprised of readily marketable fixed income and equity securities. At December 31, 2004, the fair value of these securities in our consolidated investment portfolio increased to $3.3 billion from $2.8 billion at December 31, 2003. The in...
143
10K
4073
1,774
At origination, the weighted average loan-to-value (“LTV”) rate of the Company’s commercial mortgage loan portfolio was approximately 63%. As of December 31, 2009, the current weighted average LTV was approximately 81%. LTV rates compare the loan amount to the value of the underlying property collateralizing the loan. ...
84
10K
5070
1,017
Due to FTFC’s taxable income generated in 2015 and 2014 and FTFC’s projected taxable income in future years, the valuation allowance on FTFC’s net operating loss carryforward was reduced by $2,000,000 during 2015 and $1,695,996 during 2014 since it is probable that a portion of the net operating loss carryforwards will...
53
10K
1729
508
Net income (loss) $ 2,439,573 $ (696,426)$ 1,075,909 ============= ============= =============
11
10K
3866
1,932
We currently have four equity compensation plans that together permit us to grant various types of equity awards. The Cincinnati Financial Corporation 2006 Stock Compensation Plan gives us the flexibility to make grants to associates of any type of stock-based awards, subject to performance-based criteria, to directly ...
122
10K
3457
1,737
Each year, the majority of our general account’s net cash flows are invested in investment grade debt securities. In addition, we maintain a portfolio allocation of between 6% and 10% of debt securities in below investment grade rated bonds. Allocations are based on our assessment of relative value and the likelihood o...
250
10K
4523
3,280
We initially estimate the fair value of investments in certain hedge funds, private equity funds and other investment partnerships by reference to the transaction price. Subsequently, we generally obtain the fair value of these investments from net asset value information provided by the general partner or manager of t...
137
10K
PhoenixGroupHoldingsPLC-AR_2020
5,883
Total comprehensive income for the year attributable to owners – – – 1,643 1,643 – 1,643
16
annual_report
StandardLifeAberdeenPLC-AR_2014
2,544
At 1 January 10 - 269 (24)) - 3,108 55 261 (2,100) 1,579 Recognised in other comprehensive income Fair value gains on cash flow hedges - - - - - - - - - -
35
annual_report
SwissReAG-AR_2019
4,109
Net premiums earned and fee income for Life Capital increased to USD 2.1 billion in 2019 from USD 1.6 billion in the prior year, driven by growth in the open book life and health insurance business and the termination of an intragroup retrocession agreement with L&H Re. Life Capital continued to generate significant gr...
69
annual_report
5846
1,535
The Company has reinsured with an unaffiliated third-party reinsurer, 59% of the closed block through a modified coinsurance agreement. The Company accounts for this agreement under the deposit method of accounting. The Company, having the right of offset, has offset the modified coinsurance deposit with the deposit re...
48
10K
gb_lloyds_banking_grp-AR_2000
996
Category 2: This comprises lending where the operation of the customer’s account has ceased. The lending is managed by specialist recovery departments and has been written down to its estimated realisable value. Interest is not added to the lending nor placed on a suspense account as its recovery is considered unlikely...
61
annual_report
fr_axa-AR_2019
6,811
Tianping, which was previously held by AXA for 50.0%, is fully consolidated within AXA Group from December 31, 2019 (see Note 5.3.1).
22
annual_report
3165
3,613
In February 2006, the FASB issued SFAS No. 155, "Accounting for Certain Hybrid Financial Instruments" ("SFAS 155"), which amends SFAS No. 133, "Accounting for Derivative Instruments and Hedging Activities" ("SFAS 133") and SFAS No. 140, "Accounting for Transfers and Servicing of Financial Assets and Extinguishments of ...
168
10K