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HiscoxLtd-AR_2017
1,579
The equity interests held by the Group in respect of associates do not have quoted market prices and are not traded regularly in any active recognised market. The associates concerned have no material impact on the results or assets of the Group.
42
annual_report
NatwestGroupPLC-AR_2016
8,075
Lombard Property Facilities Ltd BF 1 Princes Street, London, EC2R 8PB, England
12
annual_report
4814
737
In assessing the need for a valuation allowance, Atlas considers both positive and negative evidence related to the likelihood of realization of the deferred tax assets. If, based on the weight of available evidence, it is more likely than not the deferred tax assets will not be realized or if it is deemed premature to...
249
10K
SwissLifeHoldingAG-AR_2015
358
On 31 December 2015 the Corporate Executive Board of Swiss Life Holding was composed of the following members.
18
annual_report
NatwestGroupPLC-AR_2005
2,202
Implementation of IAS 32, IAS 39 and IFRS 4 on 1 January 2005 47 Premiums received 429 86 Fees and expenses (11) (21) Investment return 252 333 Actuarial adjustments (91) — Account balances paid on surrender and other terminations in the year (368) (204)
44
annual_report
NatixisSA-AR_2013
545
Moreover, three information meetings for shareholders on Natixis were held in Amiens, Montpellier and Lyon. These meetings were organized in partnership with fi nancial magazines and enabled shareholders to learn more about Natixis, its business lines, fi nancial results and strategy. These multi-issuer events bring to...
74
annual_report
LloydsBankingGroupPLC-AR_2015
4,656
The Group continues to progress the re-review of previously handled cases and expects this to be substantially complete by the end of the first quarter of 2016. During the year the scope has been extended by 0.5 million to 1.7 million cases relating largely to previously redressed cases, in addition to which, higher ov...
84
annual_report
PosteItalianeSpA-AR_2019
4,096
The balance of intangible assets under construction includes activities conducted by the Parent Company, primarily regarding the development for software relating to the infrastructure platform (€83 million), for BancoPosta services (€52 million ), for use in providing support to the sales network (€35 million), for th...
60
annual_report
5781
789
income and reflected in other comprehensive income (loss), and the cumulative effect is reported as a separate component of shareholders’ equity until realized. If a decline in fair value is deemed to be other-than-temporary, the investment is written down to its fair value and the amount of the write-down is recorded ...
169
10K
5003
1,889
As a condition to the NYSDFS’ approval of the simultaneous repurchase and reverse repurchase agreements (“Asset Swap”) between MBIA Inc. and National, the NYSDFS requested that, until the notional amount of the Asset Swap has been reduced to 5% or less of National’s admitted assets, each of MBIA Inc., MBIA Insurance Co...
110
10K
RaiffeisenBankInternationalAG-AR_2019
773
The net trading income and fair value result rose € 78 million quarter-on-quarter to € 70 million. This included a € 42 million improvement in net trading income, mainly due to interest rate-related valuation gains on certificates measured at fair value and to one-time income from the sale of equity instruments (€ 27 m...
56
annual_report
NatixisSA-AR_2011
3,999
Change in value of goodwill (0.3) 0 0 0.0 0.0 0.0 0 0.0 (0.3)
14
annual_report
2550
1,050
(1)Since the shares held as treasury stock are required to be settled by delivery of employer stock, those shares are included in the calculation of basic and diluted EPS.
29
10K
5830
1,926
The expense ratio for Commercial Lines, Personal Lines and Group Benefits does not include integration and other transaction costs associated with an acquired business.
24
10K
NatwestGroupPLC-AR_2014
7,594
(3) The Group has provided for other customer redress, primarily in relation to investment advice in retail and private banking (£190 million) and packaged accounts (£150 million).
27
annual_report
2996
7,194
In addition to our regular annual testing, in the first quarter of 2006 we performed an interim test for impairment on certain definite-lived intangible assets as a result of significant outflows related to the associated retail products. As a result of these tests, we recorded a $32.5 million pre-tax impairment charge...
86
10K
3455
1,688
On March 1, 2007, we acquired Harmony Health, Inc., a provider-owned company that operates GlobalHealth, Inc. ("GlobalHealth"), a Medicare Advantage health plan and commercial managed care plan in Oklahoma City, OK, for $18.2 million in cash. Harmony was a majority-owned subsidiary of the Oklahoma City Clinic. Founded ...
55
10K
3712
977
We have a shelf registration, which became effective in December 2008, with the Securities and Exchange Commission to issue various types of securities, including common stock, preferred stock, debt securities, depository shares, stock purchase contracts, units and warrants, or preferred securities of wholly-owned fina...
82
10K
2772
902
Other Investments: Included in the Company’s other long-term investments is its leased asset portfolio (refer to Note 11-Operating Leases) and a position in Waveland NCO Alabama Ventures, LLC, a certified capital company that is an investment premium tax credit program sanctioned by the State of Alabama. This investmen...
139
10K
nl_ing_grp-AR_2019
3,567
entities also includes local procedures aimed at enabling them to comply with local laws and regulations and the KYC Policy Framework. Where local laws and regulations are more stringent, these more stringent local laws and regulations are applied.
38
annual_report
de_allianz-AR_2011
4,043
D r . K u r t B o C K Chairman of the Board of management, BASF Se
19
annual_report
5944
858
For a discussion of new accounting pronouncements recently adopted and not yet adopted, see Note 1, “Description of Business and Significant Accounting Policies,” to the Consolidated Financial Statements included elsewhere in this Annual Report on Form 10-K.
37
10K
4390
879
The Company markets its insurance products throughout the United States primarily through independent agencies, which include retail agencies and wholesale brokers. The Company’s principal lines of insurance include personal and commercial automobile, homeowners, commercial multi-peril, workers’ compensation, general l...
162
10K
INGGroepNV-AR_2008
1,558
Accrued interest and rents includes EUR 7,980 million (2007: EUR 8,844 million) accrued interest on assets measured at amortised cost under the IAS 39 classification Loans and receivables.
28
annual_report
5026
1,946
provided certain participants who were active in our pension plan with yearly cash “transition credits” (initially for up to five years, if employed by us during this time) under the Savings Plan equal to a fixed percentage of their eligible pay, calculated based on a formula that takes into account their age and years...
72
10K
5674
713
entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The update was effective for interim and annual reporting periods in fiscal years beginning a...
109
10K
1547
972
1999 COMPARED TO 1998 -- Before-tax net investment income decreased by $82, or 7% and after-tax net investment income decreased by $49, or 6%. These decreases were primarily due to the effects of the London & Edinburgh sale in November 1998, partially offset by increases in income from limited partnership investments.
51
10K
4278
2,979
A number of provisions of the Dodd-Frank Act affect us solely due to our status as a savings & loan holding company. For example, under the Dodd-Frank Act, the OTS will be dissolved. The Federal Reserve will regulate us as a holding company, and the OCC will regulate our thrift subsidiary, Federal Trust Bank. Because o...
125
10K
4485
1,483
Net cash used for financing activities in 2011 primarily relates to net outflows on investment and universal life-type contracts of $157 and repayments of consumer notes of $68. Net cash used for financing activities in 2010 primarily relates to net outflows on investment and universal life-type contracts of $1.4 billi...
57
10K
INGGroepNV-AR_2013
5,338
Credit quality: nn mortgage loan portfolio, outstandings Netherlands Life NN Bank
11
annual_report
5625
916
(ii) Costs to fulfill - we incur costs to fulfill a contract (or anticipated contract) with a client. Those costs are incurred prior to the effective date of the contract and relate to fulfilling our primary placement obligations to our clients. Our costs to fulfill prior to the effective date are capitalized and amort...
128
10K
5097
1,106
Employers Mutual did not participate in this plan in 2015, 2014 or 2013. Activity under the plan was as follows:
20
10K
NatwestGroupPLC-AR_2014
3,444
Property, plant and equipment decreased by £1.7 billion, 22%, to £6.2 billion driven largely by disposals of investment properties and the transfer of Citizens to assets of disposal groups.
29
annual_report
INGGroepNV-AR_2020
3,543
The 2020 Remuneration Report is subject to an advisory vote at the AGM in April 2021. In the report we look back on the year 2020. We report on ING’s performance and how 2020 events such as the coronavirus pandemic impacted our business results and subsequently remuneration. We explain how the Executive Board and Super...
91
annual_report
RSAInsuranceGroupPLC-AR_2015
865
RSA Annual Report and Accounts 201554 Directors’ and Corporate Governance Report – Corporate governance
14
annual_report
4859
1,513
In connection with the adoption of the 2014 Incentive Plan, the 2004 Incentive Plan was terminated, joining several other legacy share-based incentive compensation plans that had been terminated in prior years (together, the legacy plans). Outstanding grants were not affected by the termination of the legacy plans, inc...
76
10K
PowszechnyZakladUbezpieczenSA-AR_2013
1,103
(retirement and long-service benefits) of PLN 177.0m were released in 2012 because of the termination of the
17
annual_report
1774
348
Sales of finance receivables have decreased since 1999 as a result of the change in the structure of our securitizations. The sales of finance receivables in 2001 and 2000 are further explained below under "Gain on sale of finance receivables".
40
10K
5357
699
On December 22, 2017, President Trump signed tax legislation commonly referred to as the Tax Cuts and Jobs Act (the “Tax Act”). The Tax Act makes broad and complex changes to the U.S. tax code, including, but not limited to reducing the federal corporate income tax rate from 35% to 21%.The Company has completed its acc...
132
10K
Sampoplc-AR_2005
2,261
The premiums for reinsurance reflect the major claims incidents that have occurred in recent years, such as the winter storm Gudrun, the tsunami disaster and hurricanes in North America. The opportunities for direct reinsurance remain limited since the credit ratings of several major reinsurers have been reduced, which...
64
annual_report
NatwestGroupPLC-AR_2014
7,299
Loans and advances to banks 15,110 975 219 46 15 —
11
annual_report
BaloiseHoldingLtd-AR_2011
1,322
Responsibility is assumed within the Group and each business unit respectively for each individual identified risk by a risk owner. The risk owners are defined all along the line and according to levels of seniority. The Group’s most senior risk owner is the Chief Executive Officer of the Baloise Group. The persons res...
137
annual_report
4348
1,592
We allocate our operating costs between insurance operations expense and loss adjustment expenses. The amount allocated to loss adjustment expense decreased by $3.5 million in 2010, which had the effect of increasing operating expenses.
34
10K
4393
657
In some circumstances we may defer recognition of incremental direct costs (such as direct labor, hardware, and software) associated with a contract if revenue recognition is also deferred. Such deferred contract costs are amortized on a straight-line basis over the remaining original contract term, consistent with the...
100
10K
fr_axa-AR_2015
805
International Employee Benefi ts and traditional French businesses and (ii) China (€+55 million) from both single premium term and New Whole Life products, partly offset by (iii) Switzerland (€-58 million) refl ecting the strategic shift from full protection schemes to semi-autonomous employee benefi ts solutions.
45
annual_report
AdmiralGroupPLC-AR_2008
192
The underwriting arrangements for 2009 have changed compared to 2008: Admiral will continue to retain a net 27.5%, with Munich Re stepping down to 50% and the remaining 22.5% split between three reinsurers – Swiss Re (10.0%), Hannover Re (6.25%) and New Re (6.25%).
44
annual_report
2999
914
In our opinion, the Consolidated Financial Statements referred to above present fairly, in all material respects, the consolidated financial position of Fidelity National Financial, Inc. and subsidiaries as of December 31, 2006 and 2005, and the results of their operations and their cash flows for each of the years in ...
65
10K
3927
990
Index to Financial Statements The composition of our investment portfolio, including cash and cash equivalents, as of December 31, 2008 is shown in the following table.
26
10K
BaloiseHoldingLtd-AR_2005
205
Group-wide strategic focus on operational excellence has proven highly effective. Its objective is to gain higher competence levels than our competitions in our core insurance and pension business and thereby achieve outstanding and sustainable profitability levels. The pillars of this strategic thrust are management o...
71
annual_report
4803
2,393
Retail life and annuity products may be surrendered by customers for a variety of reasons. Reasons unique to individual customers include a current or unexpected need for cash or a change in life insurance coverage needs. Other key factors that may impact the likelihood of customer surrender include the level of the co...
182
10K
2222
633
Physicians recorded earned premiums of $382,000 in 2002 and $755,000 in 2001, representing a reduction in the amount of reinsurance that we need to pay on "swing rated" contracts. The reduced reinsurance requirement resulted from the reduction in IBNR reserves.
40
10K
LloydsBankingGroupPLC-AR_2011
3,463
Issued to Lloyds TSB Foundations 41 – – 41 – 41
11
annual_report
RSAInsuranceGroupPLC-AR_2018
3,290
The earnings per ordinary share are calculated by reference to the profi t attributable to the ordinary shareholders and the weighted average number of shares in issue during the year. These were 1,026,040,413 for basic EPS and 1,030,450,240 for diluted EPS (excluding those held in Employee Stock Ownership Plan (ESOP) ...
76
annual_report
2864
540
The insurance laws of the states and jurisdictions where our insurance subsidiaries and affiliate are domiciled restrict the timing and the amount of dividends we may pay without prior regulatory approval. In 2005, United Fire received $4.0 million in dividends from its subsidiary United Life Insurance Company. There w...
54
10K
5562
1,254
The Company currently has outstanding stock-based awards granted under its 2007 Stock Option and Incentive Plan and 2012 Omnibus Incentive Plan. Only the 2012 Plan is active and available for future grants. With respect to the 2012 Plan, the Company may grant stock-based awards to employees, directors, consultants, and...
93
10K
HannoverRueckSE-AR_2014
1,596
Consolidated statement of income 2014 N 02 in EUR thousand Notes 1.1. – 31.12.2014 1.1. – 31.12.2013
17
annual_report
4095
2,572
Current capital markets activities for the Company on a consolidated basis principally consist of unsecured short-term and long-term borrowings by Prudential Funding and Prudential Financial, unsecured third party bank borrowings, and asset-based or secured financing. As of December 31, 2009, we were in compliance with...
56
10K
CNPAssurancesSA-AR_2014
100
In Brasília, the Brazilian subsidiary moved into new headquarters symbolising its ambitions, redefined its vision and changed its name. Caixa Seguros, meaning “La Caixa’s insurance”, has become CAIXA SEGURADORA, meaning “La Caixa’s insurer”.
33
annual_report
5610
788
To the Shareholders and the Board of Directors of AMERISAFE, Inc. and subsidiaries
13
10K
nl_ing_grp-AR_2015
4,313
In 2015, financial liabilities of EUR 182 million were transferred out of Level 3 mainly due to the valuation not being significantly impacted by unobservable inputs.
26
annual_report
4220
1,048
The total fair value of restricted stock and restricted stock units vested during the years ended December 31, 2010, 2009 and 2008, was $13,012, $17,213 and $1,822, respectively.
28
10K
NatwestGroupPLC-AR_2012
5,628
Impairment testing inherently involves a number of judgmental areas: the preparation of cash flow forecasts for periods that are beyond the normal requirements of management reporting; the assessment of the discount rate appropriate to the business; estimation of the fair value of CGUs; and the valuation of the separab...
70
annual_report
4783
1,025
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Federated National Holding Company at December 31, 2013 and 2012, and the results of its operations and its cash flows for each of the three years in the period ended December 31, ...
66
10K
Sampoplc-AR_2010
402
Management Incentive Schemes On 8 June 2010 Sampo's Board approved a Compensation Code which applies to all Group companies. The Boards of these companies have adopted company-level policies based on the Code.
32
annual_report
HiscoxLtd-AR_2009
688
IFRS 3 (Revised) Business Combinations and IAS 27 (Amended) Consolidated and Separate Financial Statements (endorsed) The revised standards were issued in January 2008 and are applicable for accounting periods commencing on or after 1 July 2009. IFRS 3 incorporates a number of changes in accounting for business combina...
114
annual_report
BaloiseHoldingLtd-AR_2006
3,878
VORABDRUCK ed cost of additional DAC amortization is considered. Direct equity effects are marginal for all units.
17
annual_report
1963
1,256
The accumulated postretirement benefit obligation and fair value of plan assets for the postretirement plans with accumulated postretirement benefit obligations in excess of plan assets were $90.2 million and $80.0 million, respectively, as of December 31, 2002, and $2.3 million and $1.1 million, respectively, as of De...
81
10K
3990
2,216
To measure pension costs, the Company uses a market-related asset valuation for domestic pension plan assets invested in non-fixed income investments. The market-related value of pension assets recognizes the difference between actual and expected long-term returns in the portfolio over 5 years, a method that reduces t...
73
10K
4663
1,591
For the year ended December 31, 2012, $67.7 million of securities were transferred into Level 3. This amount was transferred from Level 2. These transfers resulted from securities that were priced by independent pricing services or brokers in previous periods, using no significant unobservable inputs, but were priced i...
66
10K
GjensidigeForsikringASA-AR_2012
1,198
The risks associated with insurance contracts are complex and subject to a number of variables that complicate quantitative sensitivity analysis.
20
annual_report
StorebrandASA-AR_2012
218
Violations of human rights and international law (24) tobacco (21) Companies with low sustain- ability rating (40) Corruption and financial crime (15) environmental degradation (6) nuclear weapons (13) Cluster munitions (6)
31
annual_report
Sampoplc-AR_2009
36
If P&C Insurance’s premium income growth slowed down, but remained at the previous year’s level in local currencies.
18
annual_report
5671
2,595
This reserve class includes catastrophe, property, agriculture, engineering, marine and other, accident and health, and discontinued lines - Novae.
19
10K
NatwestGroupPLC-AR_2017
164
Segmental highlights RBS continues to deliver on its plan to build a strong, simple and fair bank for both customers and shareholders. During 2017 RBS’s activities were organised on a franchise basis as follows; Personal & Business Banking (PBB) comprising two reportable segments, UK Personal & Business Banking (UK PBB...
73
annual_report
2743
1,326
Each of the life insurance companies from which the Company purchases annuities, or the entity guaranteeing the life insurance company, has an A.M. Best Company rating “A-” (Excellent) or better.
30
10K
17
644
UNUM also administers certain supplemental retirement plans for eligible employees and officers and certain other pension plans. The cost of these plans was not significant in the years ended December 31, 1993, 1992 and 1991.
35
10K
HannoverRueckSE-AR_2019
386
Breakdown into business written through brokers and direct business in % and in EUR million
15
annual_report
PosteItalianeSpA-AR_2017
1,455
Poste Italiane SpA’s net funds at 31 December 2017 amount to €3,273 million, down on the figure for 31 December 2016 (€4,110 million). This primarily reflects the component linked to fair value measurement of BancoPosta RFC’s available-for-sale financial assets, totalling approximately €979 million, before tax.
45
annual_report
3958
1,290
Health plan services costs decreased by $30.7 million, or less than 1% for the year ended December 31, 2009 as compared to the same period in 2008, and increased by $999.8 million, or 10%, for the year ended December 31, 2008 as compared to the same period in 2007. Health plan MCR was 86.3% at December 31, 2009 compare...
71
10K
NatwestGroupPLC-AR_2010
1,722
The reduction in APS RWA relief relates to the run-off of covered assets.
13
annual_report
fr_axa-AR_2016
585
Thailand 19 1.5 17 1.6 TGIA as of October 31, 2016 (based on Direct Premium) and December 31, 2015.
19
annual_report
PhoenixGroupHoldingsPLC-AR_2013
2,540
PGH (LCA) Limited (finance company)2 UK Ordinary shares of £1 PGH (LCB) Limited (finance company)2 UK Ordinary shares of £1 PGH (LC1) Limited (finance company) UK Ordinary shares of £1 and
31
annual_report
4519
1,333
The prescribed accounting guidance also requires tax benefits relating to excess stock-based compensation deductions to be prospectively presented in the statement of cash flows as financing cash inflows. Tax expense resulting from stock-based compensation deductions in excess of amounts reported for financial reportin...
81
10K
NatwestGroupPLC-AR_2017
1,092
 Reviewed the bank’s risk profile relative to credit, market and operational risk, and examined detailed management information (MI) within the quarterly Risk Management Report in this regard.
28
annual_report
NatwestGroupPLC-AR_2010
1,691
In 2010, the Group established the Group Corporate Sustainability Committee, and also developed a framework for managing environmental, social and ethical risks to support its lending decisions. Businesses consider potential reputational risks and appropriate mitigants.
35
annual_report
AegonNV-AR_2015
2,101
Board in May 2014, and her current term will end in 2018.
12
annual_report
5427
10,803
Periodically, White Mountains’s management reviews the recoverability of amounts recorded from the BAM Surplus Notes. As of December 31, 2017, White Mountains believes such notes and interest thereon to be fully recoverable.
32
10K
2134
3,576
weighted average number of common shares outstanding during the year. Diluted earnings per share assume
15
10K
5634
8,178
Due to the adoption of the recognition and measurement accounting standard, equity securities are reported at fair value with changes in fair value recognized in realized capital gains and losses and are no longer included in the table above. Upon adoption of the new guidance on January 1, 2018, $1.16 billion of pre-ta...
79
10K
5567
540
Other operating expenses: Other operating expenses increased primarily due to approximately $1,500,000 of expenses incurred to obtain new software and implement related technology to distribute products through IMOs, the costs incurred to develop the first MYGA product of American Life, including actuarial fees and rat...
147
10K
NatixisSA-AR_2020
5,963
Under IFRS 15 “Revenue from contracts with customers”, the entity must recognize income arising from ordinary activities in an amount that reflects the consideration that the entity expects to receive in exchange for the transfer of goods and services promised to customers. Revenue is recognized in five stages: identif...
53
annual_report
INGGroepNV-AR_2001
1,204
Furthermore, this legislative proposal includes that members of supervisory boards of a statutory two-tier company will be appointed by the annual general meeting of shareholders on the binding nomination of the supervisory board. The annual general meeting of shareholders will then also have the power to dismiss the e...
99
annual_report
Sampoplc-AR_2011
1,313
Sampo Group companies have business relationships with several creditworthy counterparties which mitigate the risk that Sampo Group will not be able to enter into reinsurance or derivative transactions when needed.
30
annual_report
TrygAS-AR_2014
690
Three out of four members of the Audit Committee and the Risk Committee, including the chairman of the committees, are independent persons. Of the four members of the Remuneration Committee, one member is an independent person, while one out of two members of the
44
annual_report
AdmiralGroupPLC-AR_2015
677
We prepared well for the new regime and go into 2016 with a healthy capital position. Consistent with our long-standing belief in not holding excess capital in the company, we intend to return to shareholders funds that aren’t needed for solvency and buffers. There are though a number of uncertainties that remain, not ...
140
annual_report
HelvetiaHoldingAG-AR_2011
752
Diluted earnings per share (in CHF) 11.5 32.55 39.32 1 Reclassification of prior-year figures, see section 2.3 on page 96.
20
annual_report
HannoverRueckSE-AR_2011
1,415
tions, experience and drive to perform of our staff and foster these attributes through excellent personnel development and leadership activities. Special importance attaches in this re­
26
annual_report
4543
1,198
We also have a revolving $500 million credit facility (the “Credit Facility”), which provides us with combined borrowing and letter of credit issuance capacity up to the aggregate amount of the facility. At our request, and subject to certain conditions, the aggregate commitment of this facility may be increased by up ...
141
10K
TopdanmarkAS-AR_2019
539
Note 5. Technical result - non-life - continued 2018 2019 2018 2019 2018 2019
14
annual_report
4758
11,509
OneBeacon's net written premiums decreased 8% in 2013 to $1,089 million, primarily due to the exit from the collector car and boat and energy businesses, partially offset by growth in nearly all of OneBeacon’s ongoing specialty lines. In January 2013, OneBeacon terminated its relationship with Hagerty and sold Essentia...
84
10K