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ScorSE-AR_2018
212
Reinsurance has four essential functions: ◆ it offers the direct insurer greater security for its capital and solvency, as well as protection against the potentially high volatility of results when abnormally high frequency or severity of losses or events occur, by covering the direct insurer above certain contractuall...
123
annual_report
4508
659
For the year ended December 31, 2011, we have corrected the misstatement of Commissions and Fees from prior periods by recognizing a $22 million charge to Other Operating Expenses to write off the uncollectible receivable at January 1, 2011, and by reversing the $6 million balance of Commissions and Fees which had been...
120
10K
StandardLifeAberdeenPLC-AR_2009
115
6 Certain items are included in both life and pensions and investment flows. Therefore, at Group level, an elimination adjustment is required to remove any duplication.
26
annual_report
1864
210
The following table summarizes changes in the Company's allowance for doubtful accounts for the years ended May 31, 2001, 2000 and 1999:
22
10K
5763
387
Investment returns with respect to the investment portfolio for the years ended December 31, 2019 and 2018 follows:
18
10K
4310
2,824
of MetLife, Inc. (the “Equity Units”) with an aggregate stated amount at issuance of $3.0 billion, initially consisting of (i) three purchase contracts (the “Series C Purchase Contracts,” the “Series D Purchase Contracts” and the “Series E Purchase Contracts” and, together, the “Purchase Contracts”), obligating the hol...
162
10K
INGGroepNV-AR_2016
4,898
Executive level The ING Bank Finance and Risk Committee (BF&RC) is a platform for the CRO and the Chief Financial Officer (CFO), along with their respective direct reports, to coordinate issues that relate to both the finance and risk domains. On reporting level, BF&RC has the responsibility to coordinate finance and r...
62
annual_report
4984
971
We have audited the accompanying consolidated balance sheets of UTG, Inc. (a Delaware corporation, the "Company") and subsidiaries as of December 31, 2014 and 2013, and the related consolidated statements of operations, comprehensive income (loss), shareholders' equity, and cash flows for the years then ended. These co...
72
10K
INGGroepNV-AR_2017
814
Besides these financial risks, across our business, ING is subject to non-financial risks associated with IT and cybersecurity, operations and compliance to rules, regulations, laws as well as the ethical norms that are generally considered to apply to our people and activities by society at large. Non-financial risks ...
70
annual_report
ScorSE-AR_2012
1,297
Life technical margin(1) in 2012 was 7.7 % compared to 8.1% in 2011 and 5.4% in 2010 on a comparative basis(2).
21
annual_report
2596
936
Revenues from discontinued operations were $10,500, $21,600 and $29,700 for the years ended December 31, 2004, 2003 and 2002, respectively, and the assets and liabilities of discontinued operations at December 31, 2003 consisted of the following:
36
10K
PosteItalianeSpA-AR_2017
4,602
The sensitivity to the spread has been calculated by applying a shift of +/- 100 bps to the risk factor that affects the different
24
annual_report
2896
347
We typically contract with small to medium sized HMO’s which may be adversely affected by the continuing efforts of governmental and third party payers to contain or reduce the costs of healthcare through various means. Our clients may also determine to manage the behavioral healthcare benefits “in house” and, as a res...
82
10K
5068
714
· assessing the Company’s ability and intent to hold these investments until the impairment may be recovered
17
10K
3992
10,958
quantitatively, an investment’s market risk characteristics relative to an index such as the S&P 500. Based on the beta analysis, we estimate that if the S&P 500 increases or decreases by 10%, the fair value of our equity investments will increase or decrease by 5.5%, respectively. Based upon the information and assump...
160
10K
5582
831
Other operating expenses increased $9.0 million, or 6.8%, and $4.5 million, or 3.5% in 2018 and 2017, respectively. In addition to reflecting normal growth in employee related costs, the increase in operating expenses for 2018 reflects expense growth associated with key business line initiatives focused on enhancing th...
94
10K
5446
704
Net cash flow used for investing activities in 2015 was $138 million. The primary drivers of cash flow used for investing activities were $200 million for capital expenditures from continuing operations, $90 million for capital expenditures from discontinued operations, $46 million of net purchases of long-term investm...
76
10K
4184
1,114
Providing limits no higher than $10 million with facultative or treaty reinsurance in place in 2011 to cover losses greater than $6 million.
23
10K
NatixisSA-AR_2020
9,782
Provisions for litigation and other risks amounted to €1,011 million at December 31, 2020 (see Note 17 to the parent company financial statements).
23
annual_report
5239
982
The detail of total net receivables was as follows at December 31, 2016, 2015 and 2014:
16
10K
LloydsBankingGroupPLC-AR_2010
4,844
(Q) PROVISIONS AND CONTINGENT LIABILITIES Provisions are recognised in respect of present obligations arising from past events where it is probable that outflows of resources will be required to settle the obligations and they can be reliably estimated.
38
annual_report
RSAInsuranceGroupPLC-AR_2009
1,727
executive Share option Scheme The Group operates an Executive Share Option Scheme, which provides options to purchase ordinary shares to officers and other key employees at prices not less than the fair value of the ordinary shares at the date of grant.
42
annual_report
4283
1,078
transactions completed prior to January 1, 2009. Significant changes from prior practice include the requirement that the fair value of the acquirer’s equity securities transferred as consideration be determined on the acquisition date; the requirement to expense acquisition related transaction and restructuring costs;...
103
10K
4278
2,874
Liquidity requirements that are unable to be funded by Property & Casualty Operation’s short-term investments would be satisfied with current operating funds, including premiums received or through the sale of invested assets. A sale of invested assets could result in significant realized losses.
43
10K
619
662
We have audited the accompanying Statements of Financial Position of Allstate Life Insurance Company of New York (the "Company") as of December 31, 1997 and 1996, and the related Statements of Operations, Shareholder's Equity and Cash Flows for each of the three years in the period ended December 31, 1997. Our audits a...
99
10K
NatwestGroupPLC-AR_2017
4,052
The measurement basis of the majority of the Group’s financial assets is unchanged on application of IFRS 9.
18
annual_report
SwissReAG-AR_2018
1,916
̤ Approves an annual budget and a mid-term financial plan based on both the accounting and the internal economic standards
20
annual_report
3169
995
At December 31, 2006, we have no off-balance sheet obligations or commitments.
12
10K
4603
891
The fair value of fixed annuities, in deferral status, is determined by discounting cash flows using a risk neutral discount rate with adjustments for profit margin, expense margin, early policy surrender behavior, a provision for adverse deviation from estimated early policy surrender behavior and the Company’s nonper...
72
10K
PhoenixGroupHoldingsPLC-AR_2018
1,682
Copies of Executive Director service contracts and NonExecutive Director letters of appointment are available for inspection at the Company’s registered office.
21
annual_report
5460
1,520
2016 to 2015 Annual Comparison. The loss from Corporate and Other operations, on an adjusted operating income basis, increased $268 million. Net charges from other corporate activities increased $175 million, primarily reflecting higher costs for employee compensation plans tied to Company stock and equity market retur...
202
10K
BaloiseHoldingLtd-AR_2014
422
Career homepage: → www.baloise.com/career Career blog: → www.baloisejobs.com Facebook: → www.facebook.com/baloisegroup YouTube: → youtube.com/baloisegroup Xing: → xing.com/companies/baloisegroup LinkedIn: → linkedin.com/company/baloisegroup Twitter: → twitter.com/baloise_jobs Pinterest: → pinterest.com/baloisejobs Goog...
33
annual_report
NatwestGroupPLC-AR_2009
4,107
Increase in the year 1,747 (63) 1,684 Release in the year (1,813) 75 (1,738) Disposal of subsidiary (145) — (145) Exchange differences (10) — (10)
25
annual_report
StorebrandASA-AR_2013
173
Storebrand gained a lot of attention in the media, both in Norway and abroad, in connection with its decision to withdraw from 19 companies with exposure to coal and oil sands last year. How important is work on sustainable investments to you?
42
annual_report
5529
1,443
after January 1, 2017. We adopted ASU 2017-04 in the first quarter of 2018 and it had no impact on us.
21
10K
fr_axa-AR_2016
10,571
Underlying expenses are: ■ acquisition expenses, including commissions and general expenses allocated to new business, related to insurance products as well as to other activities (e.g., mutual fund sales); ■ capitalization of acquisition expenses linked to new business: Deferred Acquisition Costs (DAC) and net rights ...
74
annual_report
625
695
Reinsurance In the normal course of business, AFG's insurance subsidiaries cede reinsurance to other companies to diversify risk and limit maximum loss arising from large claims. To the extent that any reinsuring companies are unable to meet obligations under the agreements covering reinsurance ceded, AFG's insurance s...
129
10K
2390
497
In addition, we have retained our predecessor’s closed block of life and health business reported in the acquired business segment and the investment and marketing activities reported in the corporate and other segment. While acquisitions of books of business from other insurance carriers is not one of our principal gr...
91
10K
NatwestGroupPLC-AR_2008
376
Fees and commissions receivable 8,839 9,171 9,831 8,278 Fees and commissions payable (2,391) (2,147) (2,386) (2,193) Other non-interest income (1,221) 8,176 (6,578) 6,125 Insurance net premium income 5,709 5,982 6,326 6,087 Non-interest income excluding credit market write-downs and one-off items 10,936 21,182 7,193 18...
54
annual_report
de_allianz-AR_2019
1,122
 Meet Me in the Middle – a strategic communication toolbox to support managers and teams in discussing and engaging on the
22
annual_report
CNPAssurancesSA-AR_2011
526
Services. Its medico-psychosocial teams are on call 24/7 to listen, advise and recommend the right service provider for their situation.
20
annual_report
LloydsBankingGroupPLC-AR_2017
1,838
Other significant issues The following matters were also considered by the Committee during the year: Risk management and internal control systems Full details of the internal control and risk management systems in relation to the financial reporting process are given within the risk management section on pages 107–156...
138
annual_report
5213
1,869
Monterey Bay Military Housing LLC and Monterey Bay Land LLC v. Ambac Assurance Corporation (Superior Court, Monterey County, California, Case No. 15CV000599). Plaintiff filed this action on December 4, 2015. Ambac Assurance filed an answer on January 19, 2016.
39
10K
3143
1,255
During November 2006, First Professionals entered into an agreement with CX Re to commute its ceded reinsurance agreement. Under the terms of the agreement, First Professionals assumed loss and LAE reserves previously ceded of approximately $2.4 million and received a comparable amount of assets in the form of cash and...
61
10K
RSAInsuranceGroupPLC-AR_2012
189
We have also used our internal Economic Capital model for a number of years as a key complement to traditional regulatory measures of solvency and financial strength and have also been using it to measure the return on capital allocated for each business. We will be increasingly using it in the future as a core element...
97
annual_report
AegonNV-AR_2011
6,002
On March 15, 2011, Vereniging AEGON exercised its option rights to purchase 41,042,000 class B preferred shares at par value of EUR 0.25 (proceeds of EUR 10 million) in order to avoid dilution of its voting rights following the issuance of new common shares completed on March 1, 2011.
49
annual_report
NatwestGroupPLC-AR_2010
336
The triennial funding valuation for the main scheme was undertaken in 2010 with a schedule of contributions to be agreed with the Trustees.
23
annual_report
AegonNV-AR_2017
5,412
When available, Aegon uses quoted market prices in active markets to determine the fair value of its government debt investments.
20
annual_report
ScorSE-AR_2009
1,082
Chairman and Chief Executive Officer of Technip* until 27 April 2007 (retirement)
12
annual_report
Sampoplc-AR_2005
1,581
Investment contracts Liabilities for contracts with discretionary participation feature (DPF) Provision for unearned premiums 144 182 Investment contracts total 144 182
21
annual_report
1437
648
On March 30, 1999, HCA received a private letter ruling from the Internal Revenue Service concerning the United States federal income tax consequences of the distribution by HCA of our common stock and the common stock of Triad Hospitals, Inc., a publicly-traded company comprising the former Pacific Group of HCA, and t...
172
10K
5275
891
TRA expense was $9.7 million and $361,000 for the years ended December 31, 2016 and 2015, respectively. TRA expense for 2016 of $9.7 million increased significantly over prior year due primarily to the one-time, non-cash, release of the valuation allowance against the deferred tax assets. For the year ended December 31...
81
10K
5904
665
Holding all other assumptions constant, the following table reflects what a 25 bps increase and decrease in our long-term rate of return on plan assets would have on our estimated 2021 pension expense (in millions):
35
10K
NatixisSA-AR_2020
764
Member of the Management Board V of BPCE in charge of Finance, Strategy, Legal Affairs and Secretariat of the Supervisory Board (from June 2018 to October 2018).
27
annual_report
CNPAssurancesSA-AR_2005
1,373
In this regard, assets and liabilities fall into three categories: • Assets attributable to shareholders, for which gains and losses are recognised in equity.
24
annual_report
3893
1,226
As of December 31, 2008, there was $6,136 of unrecognized compensation expense related to non-vested restricted stock awards that is expected to be recognized over a weighted average period of 1.7 years. The total fair value of the shares that were vested and unrestricted during the twelve months ended December 31, 200...
96
10K
2685
1,546
2004 includes $25.0 million dividend from a non-insurance subsidiary related to the sale of the remaining uninsured student loans retained by the Company at the sale of AMS.
28
10K
ScorSE-AR_2019
757
Date of first appointment: April 26, 2019 Expiration of term: 2020
11
annual_report
2057
564
GROSS GROSS ESTIMATED AMORTIZED UNREALIZED UNREALIZED MARKET COST GAINS LOSSES VALUES ------------------------------------------------------- ---- Fixed maturities: Bonds: Mortgage-backed securities........... $4,168,026 $199,316 $28,311 $4,339,031 United States Government and authorities........................ 90,647...
102
10K
de_allianz-AR_2011
1,357
since 2008 Allianz has focused significant resources to further developing its global it architecture to support its approach to risk management. the completion of the technical platforms to calculate its risk and solvency positions is well on-track and Allianz group already benefits from improved data quality and enha...
76
annual_report
2834
960
The WC Term Loan, the Primrose Term Loan, the WC Revolver and the Primrose Revolver each contains restrictive covenants that prohibit or limit certain actions, including specified levels of capital expenditures, investments and incurrence of additional debt, and require the maintenance of a minimum fixed charge ratio. ...
112
10K
GjensidigeForsikringASA-AR_2012
778
Allocation of the profit before other income and expenses The Group’s profit after tax expense amounted to NOK 4,280.1 million. The Board has adopted a dividend policy that forms the basis for the dividend proposals submitted to the general meeting. Gjensidige shall have a competitive dividend policy in relation to com...
109
annual_report
5330
1,061
The following table summarizes the components of other comprehensive income (loss):
11
10K
NatwestGroupPLC-AR_2016
8,339
Sweden Fastighets AB Flöjten i Norrköping BF C/O Nordisk Renting AB, Box 14044, SE-104 40 Sweden, Stockholm
17
annual_report
4348
1,277
We are not aware of any accounting changes that we have not yet adopted as of December 31, 2011 that would have a material impact on our results of operations or financial position. Note 1 of the Notes to Consolidated Financial Statements provides additional detail regarding accounting changes.
48
10K
3005
1,013
A security is considered a candidate for other-than-temporary impairment if it meets any of the following criteria:
17
10K
3575
2,843
Except for the impact of the State Settlement Agreements and Scott as described above, management is unable to make a meaningful estimate of the amount or range of loss that could result from an unfavorable outcome of material pending litigation and, therefore, no material provision has been made in the Consolidated Fi...
94
10K
911
634
The fair value of options granted was estimated at the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions for 1998, 1997 and 1996:
30
10K
5439
2,897
As previously disclosed, we are contesting adjustments resulting from the examination by the IRS of our 2000 through 2007 consolidated federal income tax returns. The IRS opposes the recognition of certain tax losses and deductions that were generated through our investment in a portfolio of non-economic REMIC residual...
125
10K
NatwestGroupPLC-AR_2011
501
Risk-weighted assets increased by 15% with the deterioration in credit risk metrics.
12
annual_report
fr_axa-AR_2002
134
Gérard de La Martinière sits on the board of companies outside the Group: Schneider Electric and Crédit Lyonnais.
18
annual_report
5472
1,358
On April 1, 2015 (Radian Acquisition Date), AGC completed the acquisition (Radian Asset Acquisition) of all of the issued and outstanding capital stock of financial guaranty insurer Radian Asset Assurance Inc. (Radian Asset) for $804.5 million; the cash consideration was paid from AGC's available funds and from the pro...
105
10K
241
264
Cash and cash equivalents include cash and short-term investments in demand deposits.
12
10K
4497
1,723
The valuation of securities that are actively traded or have quoted prices are classified as Level 1. These securities include money market funds and treasury bills. Level 2 primarily includes commercial paper, for which all inputs are market observable. Fixed maturity securities purchased within one year of maturity a...
57
10K
5399
969
We were in compliance with the covenants of the Senior Notes at December 31, 2017. No events of default occurred on the Senior Notes during the year ended December 31, 2017.
31
10K
3734
8,456
Debt increased $19 million in 2008 compared to 2007 and $978 million in 2007 compared to 2006 due to increases in long-term debt.
23
10K
fr_axa-AR_2011
46
The Group does not, however, use the “carve out” option to avoid applying all the hedge accounting principles required by IAS 39. In addition, the adoption of IFRS 9 published by the IASB in November 2009, and subsequently amended in
40
annual_report
4893
1,617
The impact of recording the net reserve for losses and loss adjustment expenses at the lowest value from the sensitivity analysis above would be to reduce losses and loss adjustment expenses incurred by $112.8 million, increase net income by $104.2 million, increase shareholders’ equity by $104.2 million, and increase ...
119
10K
INGGroepNV-AR_2011
3,606
Risk profile The following table presents the reconciliation from the EC 2010 for Insurance excluding US as reported in the Annual Report 2010, to the comparable basis for ING Insurance Eurasia 2011. This reflects the changes in scope and methodology. For the remainder of the risk management paragraph of ING Insurance ...
62
annual_report
1774
229
approximately 18 months. Conseco owns an office building (currently listed for sale) in Kokomo, Indiana (93,000 square feet), and two office buildings (currently listed for sale) in Rockford, Illinois (total of 169,000 square feet), which serve as administrative centers for portions of our insurance operations. Conseco...
116
10K
SwissReAG-AR_2019
674
The active management of liquidity risks ensures the Group’s ability to satisfy its financial obligations.
15
annual_report
PowszechnyZakladUbezpieczenSA-AR_2017
1,872
A number of documents approved by supervisory boards, management boards and dedicated committees govern investment activity in the PZU Group’s companies.
21
annual_report
gb_prudential-AR_2007
4,055
Analysed as: Statutory IFRS basis shareholders’ equity 1,258 2,690 1,364 5,312 889 6,201 Additional retained profit on an EEV basis 2,468 915 5,133 8,516 62 8,578
26
annual_report
fr_axa-AR_2008
4,144
Loans held to maturity – – – – – – – – – – – – – – –
19
annual_report
NatixisSA-AR_2008
3,266
The ■ Financial Engineering teams had a strong performance, recording growth of 18% over the year. Financial Engineering benefi ted from the surge in aviation and shipping fi nancing, and diversifi ed its offering. The business also relied on help from the Commodities teams to look for prospective clients.
49
annual_report
SwissReCorporateSolutions-AR_2018
156
Other liability The Other liability segment includes liability and motor. The Group’s liability insurance products provide coverage against legal liability exposure of a business including product, professional, directors’ and officers’ (D&O) and environmental liability insurance.
35
annual_report
234
541
Each member carrier essentially guarantees its share of the solvency of the pool. The pool administrator collects the premium, pays the losses and administrative costs, and passes a proportionate share of the costs to each member. If the losses and expenses exceed the premiums, the members may be subject to an assessme...
60
10K
3828
1,008
We categorize our investment portfolio according to our ability and intent to hold the investments to maturity. Investments which we do not have the ability and intent to hold to maturity are considered to be available-for-sale and are reported at fair value and the related unrealized gains or losses are, after conside...
94
10K
4444
1,127
During 2011 and 2010, the Company did not receive a capital contribution from AUSA nor did the Company pay a dividend to AUSA.
23
10K
NatixisSA-AR_2020
4,653
(in millions of euros) 2020 2019 pro forma Change 2020 vs. 2019
12
annual_report
ScorSE-AR_2012
4,389
Actuarial and Underwriting Department and by the Risk Management Department and, where applicable, the Finance
15
annual_report
SwissLifeHoldingAG-AR_2011
1,113
Policy fees earned on insurance contracts 16 23 – 0 – – – 39 – 39
16
annual_report
ScorSE-AR_2017
2,072
●● Maximum underwriting capacities are established to limit the Life division’s exposure on various types of treaties underwritten, proportional and non-proportional, covering individual or Group policies. These capacities are reviewed each year, taking into account the capacities obtained by the retrocession coverage....
177
annual_report
3430
791
The following table summarizes the underlying rating of the Company’s municipal bond portfolio at December 31, 2007:
17
10K
TrygAS-AR_2008
101
Profit/loss for the year, continuing business 1,496 2,125 3,085 2,267 846 Profit/loss on discontinued and divested business after tax -75 -28 126 -1 0
24
annual_report
PosteItalianeSpA-AR_2019
1,910
Total number of existing tenders Number of tenders conducted on the basis of social criteria
15
annual_report
251
315
The life and health subsidiaries held fixed maturity securities with a carrying value of $2.7 billion and $2.2 billion at December 31, 1995 and 1994, respectively. Corporate bonds comprised 39% and 47% of the portfolio at year-end 1995 and 1994, respectively, and mortgage-backed securities comprised 47% of the portfoli...
85
10K
2331
668
The credit quality of global public finance business written by the Company remained high for the past three years. Insured credits rated A or above before the Company’s guarantee accounted for 88% of the 2003 and 2002 global public finance business, while credits rated A or above in 2001 were 85%. At year-end 2003, 81...
73
10K
AvivaPLC-AR_2017
2,365
• Growth continued in Ireland and our acquisition of Friends First will improve our life insurance position.
17
annual_report
5896
654
A combined ratio under 100% generally indicates an underwriting profit. A combined ratio over 100% generally indicates an underwriting loss. These ratios are commonly used in the insurance industry as a measure of underwriting profitability, excluding earnings on the insurance portfolio. Investors commonly use these me...
86
10K