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4124
667
Limited partnership earnings pertain to investments in U.S. and foreign private equity, real estate and mezzanine debt partnerships. Valuation adjustments are recorded to reflect the fair value of limited partnerships. These adjustments are recorded as a component of equity in earnings of limited partnerships in the Co...
218
10K
AssicurazioniGeneraliSpA-AR_2014
1,976
The item includes income from financial instruments not at fair value through profit or loss and from land and buildings (investment properties). In detail, it includes mainly interests from financial instruments measured using the effective interest method, other income from investments, including dividends recognised...
69
annual_report
41
479
AIG Trading Group Inc. and its subsidiaries (AIGTG) becomes party to off-balance sheet financial instruments in the normal course of its business and to reduce its currency, interest rate and commodity exposures.
32
10K
5509
1,121
Since the Company's initial public offering in January 2007 through December 31, 2018, the Company has repurchased a total of 24,209,883 shares of common stock at an average cost per share of $16.04 through various stock repurchase programs, which is reported as treasury stock, at cost, on its Consolidated Balance Shee...
51
10K
ch_zurich_insurance_group-AR_2006
1,897
• In Germany, higher interest rates have reduced shareholder exposure to operational risks such as longevity experience due to higher profit sharing.
22
annual_report
AvivaPLC-AR_2005
311
Adverse persistency and expense variances have been offset by mortality profits of £105 million (2004: £51 million profits) arising principally on protection contracts, better than expected default experience on corporate bonds and commercial mortgages of £19 million (2004: £29 million). Additionally, £110 million has ...
61
annual_report
2391
1,611
We have arranged for the assets that we have transferred in securitization transactions to be serviced by us directly or pursuant to arrangements and with General Motors Acceptance Corporation. Servicing activities include ongoing review, credit monitoring, reporting and collection activities.
40
10K
fr_axa-AR_2010
3,843
John R. Dacey Chief Executive Offi cer for the Japan, Asia-Pacifi c business unit
14
annual_report
BaloiseHoldingLtd-AR_2006
828
In the words of experienced broker Steve Van Bael: “Mercator launched an innovative product that has gone down very well with my demanding clientele.” After all, Van Bael is out to sell not the cheapest, but the best products. And this is where Mercator defi nitely has an edge over its rivals, in his opinion.
55
annual_report
NatixisSA-AR_2012
2,273
Mandatory controls were instituted to verify that security is properly integrated into IT applications. Project management methodology now includes a “Security Criticality Checklist” to identify information system security and business continuity needs before a project begins, as well as an IT S ystems Security fi le (...
55
annual_report
3173
7,505
On December 31, 2004, we acquired three acute-care hospitals with a then total of 768 licensed beds and related healthcare businesses located in or around Worcester, Framingham and Natick, Massachusetts (the “Massachusetts hospitals”) from subsidiaries of Tenet Healthcare Corporation for $87.7 million. We funded the pu...
135
10K
5352
638
Acquisition related adjustments, which include change in estimated acquisition earnout payables adjustments, impacts of acquisition valuation true-ups, impairment charges and acquisition related compensation charges.
24
10K
GjensidigeForsikringASA-AR_2011
1,569
Deposits from and liabilities to customers, bank 15 9,776.2 9,776.2 9,120.0 9,120.0
12
annual_report
1611
669
Property, plant and equipment, at cost, net of accumulated depreciation of $344,296 for 2000 and $314,392 for 1999 537,433 10,535
20
10K
AegonNV-AR_2019
2,431
Supervisory Board at the start of the performance year. Aegon allocates one Variable Compensation award, which is paid partially in upfront Cash and partially in deferred Shares (see also
29
annual_report
4946
733
The Company’s investment portfolio increased 4% to $9.9 billion at December 31, 2014 compared to $9.6 billion at December 31, 2013 due to positive cash flows from operating and financing activities. The primary driver of the increase was investable funds generated from single premium life insurance and annuity sales. A...
127
10K
2392
3,466
(B) Zero Coupon Convertible Senior Debentures: On November 9, 2001, AIG issued zero coupon convertible senior debentures in the aggregate principal amount at stated maturity of $1.52 billion. The notes were offered at 65.8 percent of principal amount at stated maturity, bear no interest unless contingent interest becom...
230
10K
4192
1,356
Variations in other income and expense are affected by a number of factors, including:
14
10K
2354
758
The following tables disclose unrealized investment losses by class of investment at December 31, 2004 and December 31, 2003. Torchmark considers these investments to be only temporarily impaired.
28
10K
TopdanmarkAS-AR_2009
547
Of course Topdanmark observes the relevant rules on reporting the details of the trading and other transactions in the Company's shares by insiders. Therefore any changes in the shareholdings etc. in Topdanmark held by the Board of Directors and Board of Management are regularly reported at an individual level.
49
annual_report
3396
161
DERIVATIVE INSTRUMENT HEDGE ACCOUNTING AND FAIR VALUE We primarily use derivative financial instruments to manage our exposure to market risk and in conjunction with asset/liability management.
26
10K
5378
1,018
The Company prepares the accompanying consolidated financial statements in accordance with U.S. GAAP, which requires management to make estimates and assumptions about future events that affect the amounts reported in the financial statements and accompanying notes. Future events and their effects cannot be determined ...
65
10K
4394
1,337
Net cash used in financing activities decreased by $507.2 million primarily due to a $222.7 million increase in stock repurchases, a $201.5 million increase in customer funds administered, an $81.8 million increase in amounts paid under our amortizing financing facility due to the termination and payoff of that facilit...
76
10K
5494
681
For 2017, our effective tax rate applied to our income (loss) before income taxes was lower than the U.S. statutory tax rate of 35% primarily due to the establishment of a full valuation allowance against our net deferred tax asset.
40
10K
CNPAssurancesSA-AR_2011
166
Cyprus and Greece CNP Marfin Insurance Holdings CNP Assurances: 50.1% Marfin Popular Bank Public: 49.9%
15
annual_report
3982
1,264
In July 2003, the FASB issued guidance that related to the establishment of reserves for benefit guarantees provided under certain long-duration contracts, as well as the accounting for mortality benefits provided in certain universal life products. In addition, it addresses the capitalization and amortization of sales...
50
10K
PosteItalianeSpA-AR_2016
2,893
The table below breaks down the fair value of financial assets and liabilities by level in the fair value hierarchy: FAIR VALUE HIERARCHY
23
annual_report
4226
627
Personal Lines net premiums written decreased $9.3 million, or 0.6%, to $1,462.9 million for the year ended December 31, 2010. The most significant factor contributing to lower net premiums written is our continued focus on driving profit improvement in our core states, resulting in lower new business activity. Policie...
88
10K
5887
986
1)Class A Units: Receive an allocation of profits and losses incurred by the Company as well as maintain the right to receive distributions, along with Class B Units, on a pro rata basis prior to distributions made to other classes of ownership units.
43
10K
5879
1,738
For the years ended December 31, 2020, 2019 and 2018 191
11
10K
4988
1,273
The primary drivers of reserve development for the year ended December 31, 2014 were as follows:
16
10K
NatixisSA-AR_2015
392
(1) Current operating income including fi nancing costs is restated for the interest expense on hybrid debt issued in March 2014.
21
annual_report
4121
10,336
The ability of the Company to pay dividends is dependent on business conditions, income, cash requirements of the Company, receipt of dividends from AIC and other relevant factors. The payment of shareholder dividends by AIC
35
10K
5910
711
The following table illustrates the market risk sensitivity of our interest-rate sensitive fixed maturity portfolio at December 31, 2020 and 2019. This table measures the effect of a parallel shift in interest rates (as represented by the U.S. Treasury curve) on the fair value of the fixed maturity portfolio. The data ...
73
10K
1766
413
30, 2006 and have a renewal option of an additional five year term at a rental rate equal to the prevailing fair market value. We also lease space for our office in Pell City, Alabama, pursuant to a written lease dated January 3, 2000, for approximately 3,380 square feet at an annual rental of $43,095. This lease expir...
62
10K
HiscoxLtd-AR_2006
1,586
aáëÅçìåí=ê~íÉ RKNM QKTR bñéÉÅíÉÇ=êÉíìêå=çå=éä~å=~ëëÉíë SKMV RKTV cìíìêÉ=ë~ä~êó=áåÅêÉ~ëÉë QKPM QKMM fåÑä~íáçå=~ëëìãéíáçå PKPM PKMM mÉåëáçå=áåÅêÉ~ëÉë PKPM PKMM
15
annual_report
HelvetiaHoldingAG-AR_2014
1,615
CHF 4,371.4 million to CHF 4,450.9 million, thereby adding on 1.8 %. The strength of the
16
annual_report
5131
1,247
The Company also utilizes certain non-GAAP measures to assess performance (see the discussion of these non-GAAP measures and the reconciliation to the most directly comparable GAAP measures in Key Financial Measures below).
32
10K
NatixisSA-AR_2011
487
Upon the expiry of the 10-year period, either of the parties may terminate these existing commercial and industry relationships subject to providing one year’s prior notice and, where applicable, complying with specifi c contractual provisions governing these relationships.
38
annual_report
2215
504
AICI currently does not have access to the assets of its wholly owned subsidiary, AIC. AIC is regulated by the Nebraska Department of Insurance (“NEDOI”). The NEDOI Director (“Director”) entered an administrative Order of Supervision with respect to AIC on December 20, 2002 and AIC currently is operating pursuant to th...
65
10K
GjensidigeForsikringASA-AR_2012
2,017
There are contractual commitments regarding development of investment properties amounting to NOK 312.0 million (39.0). The commitment falls due during the period from 2013 to December 2014.
27
annual_report
gb_prudential-AR_2015
5,238
mainly from the increase (2014: reduction) in the risk discount rates as shown in note 14(iii). (b) The credit of £152 million in 2015 reflects the net effect of changes in fund earned rates and risk discount rates (as shown in note 14 (iii)), driven by the 20 basis
49
annual_report
2934
637
Debt Securities Portfolio. The following table reflects investment results for the debt securities portfolio of AIHL and its subsidiaries, on a consolidated basis, for the years ended December 31, 2005, 2004 and 2003 (in thousands, except for percentages):
38
10K
5319
2,416
The largest single mortgage insurance customer (including branches and affiliates), measured by primary NIW, accounted for 5.7% of NIW during 2016, compared to 4.6% and 4.0% from the largest single customer in 2015 and 2014, respectively. Earned premiums from one mortgage insurance customer represented 15%, 16% and 19%...
68
10K
RSAInsuranceGroupPLC-AR_2014
1,183
Valuation of insurance liabilities • The Committee has ensured that management exercised appropriate judgement in estimating insurance contract liabilities including assessing the impact of claims trends @MC�NSGDQ�HMâTDMBHMF�E@BSNQR�BNMRHRSDMS�VHSG�SGD�OQHNQ� year. This year the Committee again examined the appropriate...
56
annual_report
StorebrandASA-AR_2013
2,909
Change in exchange rates 1) Including personal risk and employee insurance of the Insurance segment.
15
annual_report
832
262
Adjusted insurance revenues increased 9.5% to $49.2 million in 1997 from $44.9 million in 1996. The increase was primarily attributable to increased investment spread, which grew 11% to $15.1 million from $13.6 million. Invested assets at cost increased 5.8% to $755.6 million at December 31, 1997 from $714.1 million at...
74
10K
HiscoxLtd-AR_2010
193
As our specialist retail businesses have grown we have needed to increase the robustness of our processes. Last year, across the Group, we issued 370,000 policies and settled 40,000 claims. We rely on the efforts of many dedicated and professional operations and IT staff to deliver the services and infrastructure to do...
77
annual_report
2216
857
· the issuer’s fixed-charge ratio at the date of acquisition and date of evaluation;
14
10K
NatwestGroupPLC-AR_2016
7,435
RBSSI has also been responding to an ongoing criminal investigation by the United States Attorney for the District of
19
annual_report
SwissLifeHoldingAG-AR_2019
1,744
The statutory minimum distribution ratios (“legal quote”) relating to the Swiss Life Group’s operations are as follows: Switzerland Group business subject to “legal quote”: at least 90% of the calculated income on the savings, risk and cost components minus the expenses thereof must be allocated to the policyholders. A...
54
annual_report
AegonNV-AR_2004
521
retirement/pension issues is to ensure the active participation of the private sector. With its strong experience in pensions business in the Netherlands and the United Kingdom, AEGON has a wealth of expertise that it can leverage in other parts of
40
annual_report
ScorSE-AR_2008
1,601
At its meeting of 13 November 2008, the Company’s Board of Directors authorised, pursuant to Article L.225-38 of the French Commercial Code, the signature of a parent company guarantee by SCOR SE for the reinsurance commitments of Prévoyance Ré.
39
annual_report
419
216
The Company has a noncontributory defined benefit pension plan which covers substantially all domestic employees who have attained a specified age and one year of employment. Benefits under the plan are based on years of service and salary history. The Company's contributions to the plan satisfy the minimum funding req...
76
10K
4271
925
A schedule of fixed maturities by contractual maturity at December 31, 2010 is shown below on an amortized cost basis and on a fair value basis. Actual maturities could differ from contractual maturities due to call or prepayment provisions.
39
10K
2682
1,233
The combined results of operations include all of the accounts of the Predecessor’s entities under common control prior to the July 31, 2002 acquisition of the WellCare group of companies. Significant intercompany accounts and transactions have been eliminated.
38
10K
5031
530
The Company leases approximately 49,586 square feet of office and covered garage space from one such controlled entity. During the years ended December 31, 2015 and 2014, the Company paid $875 and $852, respectively, under this lease.
37
10K
NatixisSA-AR_2020
11,521
Details of the shares allocated to executive corporate officers are provided in section 2.3.2.4 (AMF table No. 10).(a) Subject to compliance with the presence and performance conditions defined in the plan regulations.(b) Scheduling of the shares' vesting by beneficiaries.(c)
39
annual_report
gb_prudential-AR_2012
2,315
The Group offers share award and option plans for certain key employees and a Save As You Earn plan for all UK and certain overseas employees. Shares held in trust relating to these plans are conditionally gifted to employees.
39
annual_report
2272
1,130
Statutory net income and statutory capital and surplus of Principal Life were as follows (in millions):
16
10K
gb_lloyds_banking_grp-AR_2014
1,802
As mentioned in the Chairman’s statement, we are committed to an ongoing dialogue with our shareholders. Shareholders have different views, notably on incentive scheme design and whilst we do take all comments into consideration, there will inevitably be some diverging views.
41
annual_report
RaiffeisenBankInternationalAG-AR_2011
2,664
RBI uses target values for internal regulation, which comprise all risk types (including trading book, currency risk and operational risk). The current planning/budgeting is shaped by the developments in Basel and Brussels regarding the advancement and harmonising of own funds regulations. Parallel to the development o...
118
annual_report
AssicurazioniGeneraliSpA-AR_2017
1,014
The Company manages its assets according to the socalled “Prudent Person Principle”, and strives to optimize their return while minimizing the negative impact of short term market fluctuations on its solvency. The “Prudent Person Principle” is the main cornerstone of the investment management process.
44
annual_report
AssicurazioniGeneraliSpA-AR_2019
1,503
8 IORP stands for Institutions for Occupational Retirement Provisions. 9 These additional own funds are authorised by Supervisor for the years between 2016 and 2022, a period during which the proportion of the eligible unrealised capital gains will decrease gradually.
40
annual_report
ASRNederlandNV-AR_2019
4,341
International Financial Reporting Standards As of 1 January 2005, these standards have been the generally accepted international accounting policies that apply to all listed companies in the EU. They make annual results easier to compare and offer a better understanding of a company’s financial position and performance...
47
annual_report
4998
1,062
Policy and claim service fees are earned over the period of the administration of the related policies and claims. This earning pattern is based on actuarial data and historical experience.
30
10K
5600
1,614
liabilities, based on enacted tax laws and statutory tax rates applicable to the periods in which the Company expects the temporary differences to reverse. The Company records deferred tax assets for tax positions taken based on its assessment of whether the tax position is more likely than not to be sustained upon exa...
79
10K
RSAInsuranceGroupPLC-AR_2010
1,188
In 2010 the Board undertook an evaluation of the performance of the
12
annual_report
HannoverRueckSE-AR_2010
1,358
The table below summarises the carrying amounts of our subordinated bonds.
11
annual_report
SwissReAG-AR_1986
216
Statutory reserve fund Special reserve fund Reserve fund tor catastrophe losses
11
annual_report
de_allianz-AR_2012
327
Share performance shAre price Development AgAinst stoXX europe 600 insurAnce A 004 €
13
annual_report
AegonNV-AR_2009
2,116
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS OF AEGON N.V. NOTE 2.4 - 2.5
13
annual_report
Sampoplc-AR_2001
727
2.0 billion. Liabilities to credit institutions declined by EUR 1.6 billion and funding through the issue of debt securities by EUR 1.9 billion.
23
annual_report
2648
1,273
Gross premiums and policy fees grew by 19.9% in 2004 due to the growth in life insurance in-force achieved over the last several quarters, while amounts ceded increased 21.0% (excluding reinsurance recoveries in 2003) as the segment continued to reinsure a significant amount of its new business. Net investment income i...
111
10K
1550
559
7. LOSSES AND LOSS EXPENSES (CONTINUED) ultimate losses recorded, loss reserves will be reduced at that time. This occurred for the 1993 through 1996 underwriting years, resulting in a reduction in prior year losses.
34
10K
2392
729
Includes fourth quarter 2004 charge of $850 million attributable to change in estimate for asbestos and environmental reserves.
18
10K
StorebrandASA-AR_2005
1,394
Loans and receivables are valued at amortised cost using the effective interest method. Assets in this group relate principally to loans made by Storebrand Bank and unlisted securities held by Storebrand Life Insurance.
33
annual_report
4352
379
Effective June 1, 2011 through May 31, 2012, UPCIC entered into a quota share reinsurance contract with Everest Re. Everest Re has the following ratings from each of the rating agencies: A+ from A.M. Best Company, A+ from Standard and Poor’s Rating Services and Aa3 from Moody’s Investors Service, Inc. Under the quota s...
206
10K
5010
920
On March 12, 2013, the Company granted the COO a Stock Option to purchase 100 thousand shares of common stock. The option has an exercise price of $4.51 per share, expires on March 12, 2018 and vests over three years as follows: one third on the one (1) year anniversary of the date of grant, one third on the two (2) ye...
82
10K
de_allianz-AR_2012
1,363
cluster 4 In Central and Eastern Europe we recorded gross premiums of € 2,393 MN, including unfavorable foreign currency translation effects of € 25 MN. The decrease of 4.9 % was largely attributable to volume declines in our motor business in Hungary, Poland and Russia, selective underwriting in our health portfolio a...
72
annual_report
StorebrandASA-AR_2003
1,163
The merger was carried out with accounting continuity. ***) Dividend of NOK 250 million was received in 2003, and applied directly to the balance sheet as an equity capital transaction. ****) 74.9% held by Storebrand Livsforsikring AS. Minority interests amount to 0.2%.
42
annual_report
RaiffeisenBankInternationalAG-AR_2014
3,603
France RBI Representative Office Paris 9-11 Avenue Franklin D. Roosevelt 75008 Paris
12
annual_report
fr_axa-AR_2010
5,003
(taking into account the proposed 2010 dividend payment of €0.69 per share) which represented a €19.3 billion capital surplus at that date: (i) €23.4 billion of required capital (1), versus (ii) €42.7 billion of available capital (2). The Company’s year-end 2010 solvency margin is higher than its consolidated solvency ...
57
annual_report
SwissReAG-AR_2009
367
Building on the insights we gained through this SBR process, we introduced a comprehensive, formal framework in 2009 for assessing sustainability and ethical risks. It includes a number of sector- and issue-specific policies with clear, pre-defined criteria and qualitative standards; if any of these criteria are met, a...
67
annual_report
AvivaPLC-AR_2007
642
A number of new product initiatives were completed during 2007. These included a re-launch of our term assurance protection products and the introduction of several new funds across both channels, including the launch of the highly successful Secure Capital Fund.
40
annual_report
5126
600
Insurance revenues are primarily generated from premium revenues and investment income. Insurance revenues are summarized in the table below. Unless the context requires otherwise, all references compare 2015 to 2014.
30
10K
NatwestGroupPLC-AR_2007
278
These helped boost transactions by 11%, with online purchases up 39%.
11
annual_report
3249
2,226
Income on unrated tranches of collateral debt obligations is reflected only to the extent the Company’s principal has been fully recovered. Income on alternative investments included in other investments is realized only on ultimate sale of these investments. The Company had net unrealized gains of $49.1 million and $1...
77
10K
SwissReAG-AR_1989
579
North American Reinsurance Corporation 237 Park Avenue, New York, NY 10017 with branch offices in Atlanta, Boston, Chicago, Dallas, Los Angeles, Philadelphia and San Francisco
25
annual_report
737
260
In February, 1997, the Financial Accounting Standards Board ("FASB") issued SFAS No. 129, "Disclosure of Information about Capital Structure." SFAS No. 129, adopted by the Company effective December 31, 1997, contains disclosure requirements including liquidation preferences of preferred stock, rights and privileges of...
75
10K
608
346
Property and equipment are reported at depreciated cost. Depreciation is computed using the straight-line method at rates based upon the respective estimated useful lives of the assets. Maintenance and repairs are expensed as incurred.
34
10K
4264
1,317
Ceding Commission. The ceding commission earned during the years ended December 31, 2009 and 2008 was $28.6 million and $29.4 million, respectively. Ceding commission was consistent year over year as growth in premium ceded to Maiden Insurance in 2009 was offset, primarily, by the allocation in 2008 to this segment of ...
85
10K
GjensidigeForsikringASA-AR_2014
135
Source: The Danish Insurance Association, based on gross premiums earned 4th quarter 2013
13
annual_report
5006
620
Net realized gains decreased $76.1 million during 2014 compared to 2013 primarily as a result of very strong markets for the type and location of investment real estate sold in 2013. Net realized gains increased $33.4 million during 2013 compared to 2012 primarily due to an increase in realized gains from sales of real...
87
10K
5082
422
Business insurance segment - Our workers' compensation line grew profitably in 2015 and we expect that trend to continue in 2016. Our commercial auto results were below expectations in 2015 and deteriorated when compared to 2014. As with our personal auto business, we have identified the primary causes of the poor unde...
71
10K
4845
551
For most property products, we use an alternative method of determining an appropriate provision for initial IBNR. Since this segment is characterized by a shorter period of time between claim occurrence and claim settlement, the IBNR reserves are determined by IBNR percentages applied to premium earned. The percentage...
125
10K
3609
823
Potential Volatility in the Reserve for Losses and Loss Expenses. In addition to the factors creating uncertainty in the Company’s estimate of loss and loss expense reserves, the Company’s estimated reserve for losses and loss expenses can change over time because of unexpected changes in the external environment. Pote...
53
10K
4186
712
The Company has no insurance enhanced asset-backed securities. As of December 31, 2010, the Company had no direct investment in the entities that provided financial guarantees to any security held by the Company, with the exception of Federal Home Loan Mortgage Corporation (FHLMC) and Federal National Mortgage Associat...
49
10K
3209
822
Net losses and loss adjustment expenses also include the change in reserves for losses and loss adjustment expenses. The following table provides further information about our loss reserves at December 31, 2006, 2005 and 2004 and the related changes for the years then ended:
44
10K
INGGroepNV-AR_2014
126
Risk and capital management chapter for more information about our capital structure.
12
annual_report