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TrygAS-AR_2011
496
• Benefits (for example Tryg Roadside Assistance, psychological crisis assistance, underinsurance guarantee)
12
annual_report
922
568
Consolidated stockholders' equity at December 31, 1998, totaled $30.4 million or $7.02 per share compared to $27.8 million or $6.73 per share at December 31, 1997.
26
10K
5281
1,977
As a result of the in-depth internal review completed in the third quarter of 2014, AFG’s property and casualty insurance segment recorded a $24 million pretax special charge to increase its asbestos reserves by $4 million (net of reinsurance) and its environmental reserves by $20 million (net of reinsurance). The incr...
78
10K
RaiffeisenBankInternationalAG-AR_2007
102
A.: You stay from Thursday to Sunday, but only pay for two nights.
13
annual_report
PowszechnyZakladUbezpieczenSA-AR_2016
115
Maintaining third place on the market in terms of assets under management
12
annual_report
AegonNV-AR_2018
2
Aegon’s aim in producing this report is to provide a clear, balanced overview of the Company’s operations, strategy and performance. In this report, we look at the trends and challenges our business is facing, at our strategy, at how we create and share value – and at how we safeguard this value through a responsible a...
77
annual_report
4954
2,099
For the year ended December 31, 2014, the change in prior year incurred claims was primarily due to favorable claims experience for medical stop-loss. The Company experienced higher than expected claims frequency and severity during 2013 and established its year-end reserves for estimated IBNR based on this experience....
136
10K
2731
425
There was a modest negative impact from premium rates on average, although the effect varied by country and by line of business.
22
10K
2114
390
In December 2003, the Staff of the Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin (SAB) No. 104, "Revenue Recognition," which supersedes SAB No. 101. The primary purpose of SAB No. 104 is to rescind accounting guidance contained in SAB No. 101 and the SEC's "Revenue Recognition in Financial S...
103
10K
fr_axa-AR_2009
11,530
Shares shall be recorded in accounts under the terms and conditions provided by applicable legal and regulatory provisions.
18
annual_report
5650
1,100
Under the terms of our amended and restated senior credit facility with LNV Corporation (discussed in Note 8), we are required to maintain collection and payment accounts that are used to collect policy benefits from pledged policies, pay annual policy premiums, interest and other charges under the facility, and distri...
56
10K
SwissReAG-AR_2014
1,046
̤ Risk controller — is tasked by the risk owner with independent oversight of risk-taking activities to mitigate potential conflicts of interest between the risk owner and risk taker; risk controllers are responsible for escalating any concerns.
37
annual_report
fr_axa-AR_2014
8,217
In this report, the term “Group” refers to AXA SA (the
11
annual_report
4684
610
The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect amounts reported in the financial statements. As more information becomes known, these estimates and assumptions could change and impact amounts reported in the future. Management believes t...
108
10K
4263
710
Development in the Kemper segment comprised a substantial portion of the Company’s development reported in continuing operations in 2010, 2009 and 2008. Additional information regarding the Kemper development is discussed below. Adverse development in the Life and Health Insurance segment in 2010 and 2008 is due primar...
67
10K
PhoenixGroupHoldingsPLC-AR_2012
922
4 Jim McConville joined the Phoenix Group on 6 June 2012 and was appointed to the Board as a Director on 28 June 2012. The detail shown only relates to the period from his appointment as a Director to 31 December 2012, except for the AIP which includes the amount earned in respect of the period 6 June 2012 to 28 June 2...
63
annual_report
1685
327
The market value adjustment expense is attributable to Merrill Lynch Life's modified guaranteed annuity products. This contract provision results in a market value adjustment to the cash surrender value of those contracts that are surrendered before the expiration of their interest rate guarantee period. During 2000, t...
89
10K
DirectLineInsuranceGroupPLC-AR_2019
2,200
To date, the Directors have not used these authorities. At the 2020 AGM, shareholders will be asked to renew these authorities. The Company has not held any shares in treasury during the period under review. You can find out more about the Company’s share capital and shares under option as at 31 December 2019 in notes ...
64
annual_report
1886
711
The company has two lines of credit totaling $250 million at year-end 2002. There are two financial covenants for the company’s $175 million line of credit. First, consolidated net worth on the last day of each fiscal quarter shall not be less than $5.0 billion or $4.5 billion if such reduction in consolidated net wort...
168
10K
1989
869
the policy proceeds available to the heirs at the time estate taxes are due. Second-to-die policies are often purchased by couples whose assets are largely illiquid, and whose heirs otherwise might have to attempt to liquidate part of the estate in order to pay the tax. Second-to-die policies represented 35% and 22% of...
161
10K
4881
922
At December 31, 2014 and 2013, no investments exceeded 10% of shareholders’ equity.
13
10K
SwissLifeHoldingAG-AR_2010
697
Economy 1 year 2 year 5 year 10 year 15 year 30 year
13
annual_report
5491
7,770
In addition, the TORCC may form, and delegate authority to, sub-committees or working groups which oversee Technology and Operational risk-related matters on its behalf with periodic reporting to the TORCC.
30
10K
AvivaPLC-AR_2008
1,091
Our ambition in the region is to establish Aviva as a leading international player in Asia Pacific and grow the business to become a meaningful part of the group. During 2008, we made significant efforts and investments to strengthen the Asia Pacific regional team which, under the leadership of Simon Machell, will lead...
63
annual_report
4888
946
Fair values for private, non-traded securities are determined as follows: 1) we obtain estimates from independent pricing services and 2) we estimate fair value based upon a comparison to quoted issues of the same issuer or issues of other issuers with similar terms and risk characteristics. We analyze the independent ...
84
10K
4808
2,835
The following table presents the components of income from discontinued operations:
11
10K
gb_prudential-AR_2003
689
The awards made in respect of 2002 and 2003 under the Restricted Share Plan run to 31 December 2004 and 31 December 2005 respectively and any grants under these plans will be based on the TSR ranking determined at the end of each of those performance periods. Performance under these plans was ranked respectively at per...
70
annual_report
NatwestGroupPLC-AR_2014
1,725
EDs and other MRTs after 1 January 2015 will be subject to clawback provisions for a period of seven years from the date of grant, in line with new requirements under the PRA/FCA Remuneration Code.
35
annual_report
5334
946
Discount rates are determined for each reporting unit and include consideration of the implied risk inherent in their forecasts. Our most significant estimate in the discount rate determinations involves our adjustments to the peer company weighted average costs of capital that reflect reporting unit-specific factors. ...
143
10K
NatixisSA-AR_2018
7,166
Debt instruments in the form of securities at amortized cost 1,193 1,229 461 767
14
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2018
469
Remuneration of the members of the Supervisory Board in 2018 In the year under review, each member of the Supervisory Board received fixed annual remuneration of €90,000. The Chairman of the Supervisory Board received annual remuneration of €180,000, and the Deputy Chairman annual remuneration of €135,000.
46
annual_report
HannoverRueckSE-AR_2012
2,873
Coinsurance Funds Withheld (CFW) Treaty: type of coinsurance contract where the ceding company retains a portion of the original premium at least equal to the ceded reserves. Similar to a Modco contract the interest payment to the reinsurer reflects the investment return on an underlying asset portfolio.
47
annual_report
4228
754
Approximately 87.6 percent of our DAC relates to traditional non interest-sensitive products, and we amortize DAC in proportion to the premium income we expect to receive over the life of the policies. Key assumptions used in developing the future amortization of DAC are future persistency and future premium income. We...
184
10K
NatwestGroupPLC-AR_2014
6,626
The Group assesses at each balance sheet date whether there is any objective evidence that a financial asset or group of financial assets classified as held-to-maturity, as available-for-sale or as loans and receivables is impaired. A financial asset or group of financial assets is impaired and an impairment loss incur...
80
annual_report
2251
663
o fees from variable and universal life insurance products, annuities, and insurance ASO business in our group business at Maritime Life;
21
10K
4289
1,798
On March 30, 2011, Majestic entered into a term sheet with AmTrust and the CA DOI which contained additional terms of the contemplated transactions. The term sheet was non-binding except for binding provisions relating to access by AmTrust to personnel, properties, books and records of Majestic Insurance for due dilige...
84
10K
TopdanmarkAS-AR_2014
624
Impairment and amortisation at 31 December 0 (173) (347) 0 (520)
11
annual_report
1813
343
Gross realized gains: Fixed maturities $35,276 $ 2,861 $ - Equity securities - - 190,169 Gross realized (losses): Equity securities (25,704) (138,250) (125,376) ------ ------- ------- Net realized investment gains (losses) $ 9,572 $(135,389) $64,793 ===== ======= ======
38
10K
RSAInsuranceGroupPLC-AR_2012
838
Zurich Financial Services where senior underwriting roles included three years as Global Chief Underwriting Officer for General Insurance. Tim has also held senior management roles at AIG and
28
annual_report
HelvetiaHoldingAG-AR_2003
553
Directors: During the year 2002 no options were awarded to the
11
annual_report
3278
1,796
The following table details the Company’s and Validus Re’s borrowings and credit facilities as at December 31, 2007:
18
10K
61
125
The Company also entered into two term loan agreements (the "Term Loan Agreements") with a bank for $3.2 million and $2.5 million in 1993. Loans under the Term Loan Agreements are repayable in equal annual installments no later than January 11, 1998, and June 15, 1998, respectively, and bear interest rates over the ter...
62
10K
AvivaPLC-AR_2008
1,747
OATTV bonus £254,380 The face value of 75% of the two-thirds deferred plan element of 2007 annual bonus.
18
annual_report
3608
470
During 2006, MMC completed the sale of several businesses: SCMS in January 2006; Price Forbes in September 2006; and KSI in December 2006. The gain or loss on disposal of these businesses, including any charges to reduce the carrying value to fair value less cost to sell, are included in discontinued operations in 2006...
54
10K
RSAInsuranceGroupPLC-AR_2008
1,373
The Group designates certain forward exchange contracts as hedging instruments against the net investment in designated subsidiaries to reduce further the foreign currency exchange risk exposure. On designation, the interest element is separated from the forward exchange rate and is excluded from the hedge relationship...
103
annual_report
2444
383
Other income consists primarily of gains and losses from the sale and disposition of assets. In 2004, gains of $4.8 million were recognized from the sale of customer accounts. Although we are not in the business of selling customer accounts, we periodically will sell an office or a book of business that does not produc...
108
10K
gb_prudential-AR_2018
5,444
Unit-linked and other business Unit-linked and other business represents a comparatively small proportion of the in-force business of the UK and Europe insurance operations.
24
annual_report
49
276
The Company has an employee stock purchase plan (the "Purchase Plan") whereby employees may purchase newly issued shares of stock through payroll deductions at 85% of the fair market value of such shares on specified dates as defined in the Purchase Plan. As of December 31, 1994, the Company had 534,114 shares reserved...
96
10K
670
209
Refer to the consolidated financial statements and supplementary data included on pages 30 through 49 of the Annual Report to Shareholders for the year ended December 31, 1997 attached in Exhibit 13. (See Index to Financial Statements and Schedules attached on page 23.)
43
10K
AegonNV-AR_2019
9,977
In 2019 Aegon Netherlands and Aegon Asset Management supported nine climate resolutions at four oil and gas company shareholders’ meetings (AGMs): BP, Equinor, ExxonMobil, and
25
annual_report
5211
1,801
The Company holds a participation in a loan issued by a company that produces and sells power to Puerto Rico through a power purchase agreement with Puerto Rico Electric Power Authority (“PREPA”), a public corporation and governmental agency of the Commonwealth of Puerto Rico. PREPA’s credit strength has been affected ...
142
10K
5226
888
Principal repayments of long-term debt, including current portions and capital leases, as of December 31, 2016 are expected to be as follows, assuming no prepayments or extensions beyond the stated maturity:
31
10K
4669
564
Provisions for title losses, as a percentage of title operating revenues, were 8.1%, 9.4% and 9.6% for the years ended December 31, 2012, 2011 and 2010, respectively. Actual loss payment experience, including the impact of large losses, is the primary reason for increases or decreases in our loss provision. A change of...
92
10K
444
437
The Company is a party to a number of legal actions arising in the ordinary course of its business. In management's opinion, the Company has adequate legal defenses respecting those actions where the Company is a defendant, has appropriate insurance reserves recorded, and does not believe that their settlement will mat...
58
10K
INGGroepNV-AR_2007
1,809
Financial assets and liabilities at fair value through profi t and loss 119 –40 82 –11 –2 8 156 Deferred acquisition costs and VOBA 3,201 3 151 –312 4 3,047
30
annual_report
HiscoxLtd-AR_2018
264
The BMA is planning to phase in changes to the BSCR over a three-year period, starting at the end of 2019, which is expected to reduce the BSCR solvency ratio. The Group expects to maintain an appropriate margin of solvency after these changes have taken effect. The total impact of this change once it has been fully ph...
79
annual_report
SwissLifeHoldingAG-AR_2014
586
No contractual provisions exist in favour of the Board of Directors or the Corporate Executive Board with regard to changes of control of the company.
25
annual_report
AvivaPLC-AR_2010
2,332
Total profit on disposal and remeasurement arising from transaction (see (b) below) 128
13
annual_report
fr_axa-AR_2000
3,130
AXA China Region (including acquisition of minority interest) – 43 – (4) – 39 300 (10) (15) – 314 19
20
annual_report
AvivaPLC-AR_2020
3,811
51 – Pension obligations (a) Introduction The Group operates a number of defined benefit and defined contribution pension schemes. The material defined benefit schemes are in the UK, Ireland and Canada. The assets and liabilities of these defined benefit schemes as at 31 December 2020 are shown below.
48
annual_report
LloydsBankingGroupPLC-AR_2015
2,028
1 Percentage provided was correct at the date of notification. 2 A direct holding. 3 The most recent notification provided by BlackRock, Inc. under Rule 5 of the DTR identifies (i) an indirect holding of 3,599,451,380 shares in the Company representing 5.04 per cent of the voting rights in the Company, and (ii) a holdi...
150
annual_report
2331
1,221
The Company has a non-contributory, defined contribution pension plan to which the Company contributes 10% of each eligible employee’s annual compensation. Annual compensation consists of base salary, bonus and commissions, as applicable, for determining such contributions. Pension benefits vest over a five-year period...
77
10K
SwissReAG-AR_2020
3,845
The liability for unpaid claims and claim adjustment expenses for property in Property & Casualty Reinsurance shows positive development on most recent accident years. Claims in accident year 2011 were at a high level due to several large natural catastrophes including the earthquake and tsunami in Japan, the earthquak...
85
annual_report
4073
1,412
Insurance operating costs and other expenses decreased primarily as a result of lower non deferrable asset based trail commissions due to equity market declines.
24
10K
5864
319
•costs of providing policy issuance and renewal services to the Exchange under the subscriber's agreement;
15
10K
5594
1,624
The Individual Annuities segment includes both variable and fixed annuities that may include optional guaranteed living benefits riders (e.g., GMIB, GMAB, GMWB and GMIWB), and/or GMDB. We also offer fixed annuities that provide a guarantee of principal and interest credited at rates we determine (subject to certain con...
184
10K
ScorSE-AR_2020
5,164
2019 net income appropriation in the context of Covid-19 pandemic Since March 27, 2020, the European Insurance and Occupational Pensions Authority (“EIOPA”) and the Autorité de contrôle prudentiel et de résolution (ACPR) have issued statements, on April 2, 2020, and on April 3 and 21, 2020, respectively, regarding divi...
79
annual_report
NatixisSA-AR_2016
4,283
New York-based independent consultancy specialized in mergers and acquisitions, capital structure and restructuring. Natixis also and continued their development, with a focus on the BPCE networks and its own clientele.
30
annual_report
gb_prudential-AR_2012
349
In addition to providing value directly to our customers through our products and services, we aim to provide wider benefi ts to the community where we operate. Therefore, Prudential supports a range of corporate social responsibility activities across Asia, with a focus on providing disaster relief, promoting fi nanci...
83
annual_report
231
442
CONSOLIDATED STATEMENT OF CASH FLOWS for the years ended December 31, 1995, 1994 and 1993 (Dollars in millions)
18
10K
de_allianz-AR_2016
850
The overall liquidity of our insurance operations depends on capital market developments, interest rate levels, and our ability to realize the market value of our investment portfolio to meet insurance claims and policyholder benefits. Other factors affecting the liquidity of our Property-Casualty insurance operations ...
111
annual_report
NatwestGroupPLC-AR_2018
1,194
2016 LTI award – final assessment of performance measures (audited) An assessment of performance of each relevant element was provided by internal control functions and PwC assessed relative Total Shareholder Return (TSR) performance against a peer group of comparator banks.
40
annual_report
fr_axa-AR_2003
1,763
– A decline in equity and real estate prices may reduce the level of unrealized capital gains and available surpluses.
20
annual_report
StorebrandASA-AR_2007
191
117 billion) based on premium income5. The key drivers behind this growth have been, among others, demographic changes, growth in employment, changes in the regulatory framework and high wage growth.
30
annual_report
SwissReAG-AR_1938
15
Accident business again showed an improvement. The fact that the result disclosed a deficit, as in the previous year, is due to aviation, which, on account of keen competition or official policy in encouragement of flying, is not sufficiently rated.
40
annual_report
AvivaPLC-AR_2016
6,326
Other financial liabilities presented above represent liabilities related to repurchase arrangements recognised within ‘Obligations for repayment of cash collateral received’ in note 50.
23
annual_report
3437
1,244
Contractholder funds include interest-sensitive life insurance contracts and investment contracts. Interest-sensitive life insurance contracts are not considered financial instruments subject to fair value disclosure requirements. The fair value of investment contracts is based on the terms of the underlying contracts....
126
10K
nl_ing_grp-AR_2019
2,509
meets twice a week; ▪ Asset and Liability Committee Bank (ALCO Bank) discusses and steers, on a monthly basis, the overall risk profile of all ING Bank’s balance sheet and capital management risks. ALCO Bank discusses and approves policies, methodologies and procedures regarding solvency, market risk in the banking boo...
79
annual_report
AegonNV-AR_2004
1,038
In the past, poor economic and investment climates in AEGON’s major markets resulted in significant investment impairments on
18
annual_report
4812
1,003
Achieve target loss ratio in our Benefits division, while maintaining our position as a leader in the medical stop-loss market and promoting growth in our group life & DI business;
30
10K
5936
1,083
AAC’s reinsurance assets, including deferred ceded premiums and reinsurance recoverables on losses amounted to $103 at December 31, 2020. Credit exposure existed at December 31, 2020, with respect to reinsurance recoverables to the extent that any reinsurer may not be able to reimburse AAC under the terms of these rein...
67
10K
ScorSE-AR_2017
3,697
These expenses are further allocated into categories by function as follows: In EUR million 2017 2016 2015 in 2017
19
annual_report
2819
1,728
Expense Management - We expect to further reduce our expense ratio as we make productivity enhancements by providing more capabilities on our Safeco Now platform, including self-serve policy-change transactions as well as other overall improvements in efficiency.
37
10K
INGGroepNV-AR_2006
2,384
Risk Monitoring • Operational Risk Committee • Audit Findings Action Tracking • Key Risk Indicator Reporting • Operational Risk Dashboard
20
annual_report
SwissLifeHoldingAG-AR_2008
3,083
Luxembourg Irish Stock Listing SIX Stock Exchange Exchange 1 The notes are issued by the fiduciary to fund a step-up subordinated perpetual loan to Swiss Life/Rentenanstalt. 2 The notes are issued by ELM to fund step-up subordinated perpetual loan notes to Swiss Life/Rentenanstalt which are guaranteed by Swiss Life
49
annual_report
5602
4,670
· We continued to make investments in structured securities and other fixed maturity securities and increased lending activities in mortgage loans with favorable risk compared to return characteristics to improve yields and increase net investment income.
36
10K
gb_prudential-AR_2009
1,250
We will continue to review the implications of the emerging guidelines and regulation on our current remuneration governance structures, policies and practices and implement any changes where appropriate.
28
annual_report
4500
2,112
Excludes the portion of other-than-temporary impairment recorded in “Other comprehensive income (loss),” representing any difference between the fair value of the impaired debt security and the net present value of its projected future cash flows at the time of impairment.
40
10K
4579
742
Net unrealized gains included in other comprehensive income for investments classified as available-for-sale, net of the effect of deferred income taxes and deferred acquisition costs assuming that the appreciation had been realized as of December 31, 2012 and 2011 are summarized as follows:
43
10K
INGGroepNV-AR_2011
904
Nomination Committee meetings The Nomination Committee met four times in 2011, with one absentee once, to discuss the future composition of the Supervisory Board as well as the succession planning of the Executive Board and the Management Boards. The Nomination Committee discussed various appointments in the Management...
121
annual_report
HiscoxLtd-AR_2020
1,670
The results of our procedures indicated that the carrying value of certain finite lived intangible assets (software development costs) were supported by the evidence we obtained.
26
annual_report
Sampoplc-AR_2003
220
Chairman of the Boards of F-Secure Corporation and Nextrom Holding S.A.
11
annual_report
INGGroepNV-AR_2020
3,152
ING Group is not aware of any investors (or potential shareholders) with an interest of three percent or more other than those shown in the ING shares chapter as per year-end 2020.
32
annual_report
4732
664
Automatic across-the-board budget cuts under the Budget Control Act of 2011 and the American Taxpayer Relief Act of 2012, known as “sequestration,” commenced in March 2013, including a 2% reduction in Medicare Advantage and Medicare Part D payments beginning April 1, 2013. While we believe we can reduce Medicare Advant...
202
10K
ScorSE-AR_2012
2,845
SCOR’s consolidated financial statements for the years ended 31 December 2012, 2011 and 2010 have been prepared in compliance with IFRS issued by the International Accounting Standards Board (IASB) as adopted by the European Union
35
annual_report
4750
1,615
At the time of the Majestic loss portfolio transfer, these entities were reinsurers of Majestic. We currently hold collateral of approximately $15 million in a trust account related to cessions for Twin Bridges, as well as approximately $22 million of funds held.
42
10K
4352
474
premiums and investment income. The determination of the provision for premium deficiency requires estimation of the costs of losses, catastrophic reinsurance and policy maintenance to be incurred and investment income to be earned over the remaining policy period. Management has determined that a provision for premium...
55
10K
ch_zurich_insurance_group-AR_2006
1,888
Frictional Costs The frictional costs have increased broadly in line with the shareholders’ net assets and reflect changes in the economic conditions. In Switzerland the increase was also due to the revision to the minimum level of capital to which frictional costs are applied.
44
annual_report
LloydsBankingGroupPLC-AR_2012
1,524
As at the date of this report, the company had been notified under Rule 5 of the dTR that The solicitor for the Affairs of Her Majesty’s Treasury had a direct interest of 39.76 per cent in the issued share capital with rights to vote in all circumstances at general meetings. no other notification has been received that...
108
annual_report
705
356
Net Investment Income. Net investment income increased 9.0%, to $85.1 million in 1997 from $78.1 million in 1996. The increase arose from an increase of 11.0% in average invested assets, primarily attributable to the higher operating cash flows in 1997 compared to 1996, $75 million debt issue in August 1997 and the acq...
103
10K