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3615
824
The Company performs sensitivity analyses with respect to the effect certain assumptions have on EGPs and the related DAC, sales inducement, unearned revenue reserve and SOP 03-1 reserve balances. Each of the sensitivities illustrated below are estimated individually, without consideration for any correlation among the...
87
10K
3250
526
We sell individual life insurance and annuity products through an exclusive distribution channel and individual annuity products through independent agents and brokers. Our exclusive agency force consists of 2,011 Farm Bureau agents and managers operating in the Midwestern and Western sections of the United States. Our...
112
10K
4578
972
In 2011, net premiums written outside the United States grew in all segments of the business, due in part to the positive impact of foreign currency translation. Particularly strong growth occurred in our personal insurance business outside the United States in 2011.
42
10K
GjensidigeForsikringASA-AR_2010
1,390
gjensidige pensjonsforsikring (gpF) has separate strategies for the funds in each portfolio – the unit-linked, paid-up policy, other group policy and company portfolios. gpF does not bear investment risk for the unit-linked portfolio; both positive and negative returns are passed on in full to the customers. the other ...
227
annual_report
444
252
Realized capital gains from the sale of investments during 1995 were $7,897 compared to realized capital losses of $34,238 in 1994.
21
10K
BaloiseHoldingLtd-AR_2007
798
Th e Compensation Committee sets the structure and amounts of compensation to members of the Board of Directors and the salaries of Corporate Executive Committee members. Within the framework of the incentive plan it determines the high-level corporate objectives and their attainment.
42
annual_report
ScorSE-AR_2020
820
First appointed: Term of office expires: 2021 French – Age: 75 Generali France 2, rue Pillet-Will 75009 Paris, FranceIndependent: No Board meeting attendance rate: 100%
25
annual_report
4484
729
At December 31, 2011, 2010 and 2009, the amount of reinsurance assumed from client companies, as measured by pre-tax statutory surplus, was $2.0 billion, $1.7 billion and $1.2 billion, respectively. The pre-tax statutory surplus amounts include all business assumed or brokered by the Company in the U.S. Fees earned fro...
76
10K
5725
527
See Notes 7 and 8 of the Notes to the Financial Statements for additional information on our embedded derivatives and the determination of their fair values.
26
10K
AssicurazioniGeneraliSpA-AR_2017
3,172
Cr ed ito rs a ris in g ou t o f d ire ct in su ra nc e op er at io ns ..
26
annual_report
5666
1,357
using the modified retrospective approach. The principle of this update requires an entity to recognize revenue representing the transfer of services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those services, recognized as the performance obligati...
50
10K
2766
258
See Item 8, “Note 2 - (Benefit) Charge for Litigation and Management Settlements” and Item 8, “Note 2 - Health Care Expense Recognition” to our Consolidated Financial Statements for a further discussion of these matters.
35
10K
5026
1,970
On April 5, 2012, a putative class action under RESPA titled Manners, et al. v. Fifth Third Bank, et al (the “Manners Case”) was filed in the U.S. District Court for the Western District of Pennsylvania. On November 28, 2012, Radian Guaranty moved to dismiss plaintiffs’ claims as barred by the statute of limitations. O...
183
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014
47
The seemingly erratic ups and downs in the financial markets are increasingly perplexing, not only for investors, but also for the general public. Such high volatility is not an inevitable feature of a globalised economy, but the consequence of growth that has often been overly dependent on debt and a financial system ...
95
annual_report
BaloiseHoldingLtd-AR_2017
2,988
Realized income treasury shares 85.2 23.4 other income from interest and securities 0.0 –
14
annual_report
ScorSE-AR_2020
19
This is a translation into English of the Universal Registration Document of the Company issued in French and it is available on the website of the Issuer.
27
annual_report
HelvetiaHoldingAG-AR_2013
2,350
The ten largest counterparties, measured by the credit risk exposure shown in the tables “Credit quality of debt instruments, loans and derivative financial instruments” and “Credit risk from ceded reinsurance” (in CHF million): Issuer rating Book value IFRS
38
annual_report
5289
1,940
The decrease in underwriting income in 2016 compared to 2015 was due to higher catastrophe losses, lower reserve releases and increased expenses offset by growth in premiums earned. The increase in 2015 compared to 2014 was due to premium growth and improved loss experience.
44
10K
2084
759
(a) During 2002, the losses recorded in this asset class were due to changes in interest rates and certain trading for duration management purposes. Treasury bonds are used in many portfolios as duration management tools and for liquidity in the course of asset/liability portfolio management.
45
10K
1446
451
Segment expenses, including the cost of water rights and other assets sold, increased from $3 million in 1998 to $5 million in 1999 and $8 million in 2000. Excluding the cost of water rights and other assets sold, operating expenses were $2.6 million in 1998, $4.8 million in 1999, and $5.7 million in 2000. The increase...
88
10K
RSAInsuranceGroupPLC-AR_2019
661
Net written premiums of £2,120m were down 9% as reported. Personal Lines premiums decreased by 11% in the period; Household was down 10% with the sale of Oak Home accounting for c.3 points of this. We have continued to achieve good rate increases in Household and pleasingly new business in MORE TH>N Home doubled in 201...
87
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2003
1,971
The earlier application of the revised ias 39 (rev. 2003) as at 31 December 2003 meant that the expenses for premium refunds in the primary insurance segment life and health had to be adjusted as follows: Adjust- Adjust- Adjust- Adjust- Adjust- Adjustment ment ment ment ment ment amount amount amount amount amount amou...
62
annual_report
gb_prudential-AR_2018
8,175
Prudential is subject to the risk of exchange rate fluctuations owing to the geographical diversity of its businesses Due�to�the�geographical�diversity�of� Prudential’s�businesses,�Prudential�is� subject�to�the�risk�of�exchange�rate� fluctuations.�Prudential’s�operations�in�the� US�and�Asia,�which�represent�a�significa...
54
annual_report
3650
963
(b) Leases - Some of the Company's subsidiaries maintain their offices in leased premises. Some of these leases provide for the payment of real estate taxes, insurance, and other operating expenses. Rental expenses for operating leases amounted to $42.6, $42.5 and $41.0 in 2008, 2007 and 2006, respectively. These expen...
108
10K
2207
1,177
Additional liabilities recognized as a result of consolidating any of these Other Entities (or similarly, the CDOs and Properties) would not represent additional claims on the general assets of the Company; rather, they would represent claims against additional assets recognized by the Company as a result of these cons...
93
10K
4857
1,004
Fixed Maturities and Equity Securities: The Company’s fixed maturities and equity securities are currently designated as available-for-sale, except those accounted for using the fair value option (“FVO”). Available-for-sale securities are reported at fair value and unrealized capital gains (losses) on these securities ...
87
10K
5108
2,132
During the year ended December 31, 2015, we recognized ceded losses and loss expenses of $577 million (2014: $401 million; 2013: $415 million).
23
10K
5439
1,239
Fixed-Price Contracts. Under fixed-price contracts, we agree to perform the specified services and deliverables for a pre-determined per-unit or per-file price or day rate. To the extent our actual direct and allocated indirect costs decrease or increase from the estimates upon which the price was negotiated, we will g...
111
10K
NatixisSA-AR_2006
5,725
Note 3.5 to the fi nancial statements describes the accounting treatment used for the transfers of assets from Caisse Nationale des Caisses d’Epargne at the extraordinary shareholders’ meeting of November 17, 2006.
32
annual_report
NatixisSA-AR_2018
4,537
Art. 438 c), d), e) and f) NX01 – EAD, RWA and EFP by approach and by Basel exposure class 132
21
annual_report
RaiffeisenBankInternationalAG-AR_2017
3,151
Electricity, gas, steam and hot water supply 2,915,441 1.7% 3,055,623 2.1%
11
annual_report
ScorSE-AR_2020
6,040
ADDITIONAL INFORMATION RELATING TO THE MANAGEMENT REPORT OF THE COMPANY AND THE GROUP – CORRESPONDENCE TABLE Additional information provided in the management report of the company and the Group – Correspondence table
32
annual_report
HannoverRueckSE-AR_2000
1,089
Cedent: direct insurer or reinsurer, which passes on (cedes) shares of its insured or reinsured risks to a reinsurer in exchange for premium.
23
annual_report
RaiffeisenBankInternationalAG-AR_2013
517
The company's Annual General Meeting of 9 June 2009 authorized the Management Board of the company to issue, in one or more tranches, participation rights having equity characteristics pursuant to Section 174 of AktG in a total nominal amount of up to € 2 billion within five years from the date of the resolution, with ...
239
annual_report
StorebrandASA-AR_2006
1,123
Revenue in 2006 was in line with 2005. The life company accounted for the major part of revenue at NOK 885 million, an increase of 14% from 2005. The contribution to revenue made by asset management activities was NOK 150 million, representing a sharp improvement from 2005.
47
annual_report
HelvetiaHoldingAG-AR_2016
809
Helvetia advanced this amount – which could not yet be taken into account in the 2016 / 2017 compensation agreement – under the condition that the Shareholders ’ Meeting approves this payment in the vote on the total amount of fixed compensation for the Board of Directors in 2017 / 2018 (see section III, 1., page 88). ...
69
annual_report
AvivaPLC-AR_2020
3,184
The fair value of investment properties leased to third parties under operating leases at 31 December 2020 was £11,094 million (2019: £10,931 million). Future contractual aggregate minimum lease rentals receivable under the non-cancellable portion of these leases are given in note 23.
42
annual_report
fr_axa-AR_2008
3,164
Amortization of the value of purchased business in force (393) (357) (274)
12
annual_report
2618
136
Market risk is the risk that we will incur losses due to adverse changes in interest rates or equity prices. Our primary market risk exposure is to changes in interest rates, although we also have certain exposures to changes in equity prices. The active management of market risk is integral to our results of operation...
130
10K
4412
733
A.M. Best states that it assigns an A+ (Superior) rating to those companies which, in its opinion, have demonstrated superior overall performance when compared to the norms of the life/health insurance industry. A+ (Superior) companies have a superior ability to meet their obligations to policyholders over a long perio...
51
10K
2286
200
Balance, December 31, 2000.................. $2,000 $2,500,000 $101,386,324 $18,748,333 $(3,268,198) $119,368,459 ------------ Net income for 2001................... 9,620,184 9,620,184 Change in net unrealized gains/losses on investments (net of income tax: $2,502,598)..... 4,647,682 4,647,682 Reclassification adjustm...
245
10K
NatwestGroupPLC-AR_2014
3,109
Private Banking continues to yield benefits, with a pilot resulting in over 140 referrals between the businesses.
17
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2000
184
At the end of December 1991, with the share price at DM 2,320 (= €1,186.20), a portfolio of 100 Munich Re registered shares (par value then: DM 100 = €51.13) required a total investment of €118,620 (not including transaction costs). After the two stock splits on 18th August 1997 and 25th January 1999, this investment t...
64
annual_report
4338
1,551
The following table shows the pricing sources of our fixed maturity investments held as of December 31, 2011:
18
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2001
580
This section supports the divisional units in developing innovative business models and is a centre of competence for Munich Re’s e-business strategy. Its work is currently focusing on knowledge management and the use of webbased customer relationship management to expand and enhance our business relations.
45
annual_report
5077
3,767
As part of the commercial mortgage activities of the Company’s Asset Management segment, the Company provides commercial mortgage origination, underwriting and servicing for certain government sponsored entities, such as Fannie Mae and Freddie Mac. The Company has agreed to indemnify the government sponsored entities f...
254
10K
4225
875
•the timing and method of repayment of the preferred interests (the SPV Preferred Interests) in AIA Aurora LLC and ALICO Holdings LLC (together, the SPVs) held by the Department of the Treasury;
32
10K
4299
537
The Company does not hedge its investment income through the use of derivatives.
13
10K
SwissReAG-AR_2006
121
The Products business function is the driving force behind underwriting excellence, product development and claims management at Swiss Re. It actively promotes innovation and the development of new, superior risk transfer solutions to meet the increasingly complex requirements of clients.
40
annual_report
2604
1,267
Reserves for immediate annuities with life contingent payout benefits are computed on the basis of assumed interest discount rate, mortality, and expenses, including a margin for adverse deviations. Such assumptions generally vary by plan, year of issue and policy duration. Reserve interest rates ranged from 3.0% to 8....
73
10K
5208
897
70% of Molina’s transaction costs as specified in the Aetna APA Termination Agreement; and
14
10K
4529
24,161
For fixed indexed annuities, policy benefits include the change in the liability associated with guaranteed minimum withdrawal benefits and the fair value of an embedded derivative liability. The assumptions used to calculate the guaranteed minimum withdrawal liability are consistent with those used for amortizing defe...
142
10K
5862
1,210
Deferred offering costs are capitalized, and consist of legal, consulting, banking, and accounting fees directly attributable to the IPO. The Company reclassified $12.2 million for the year ended December 31, 2020 and $0.0 for the year ended December 31, 2019 and 2018, of offering costs into stockholders’ equity as a r...
76
10K
de_allianz-AR_2017
1,544
Consistent implementation of the Group’s risk management framework in the related undertakings, including regular dialog between the Group and the entity, is ensured through, for example, the Group Risk representation on local Risk Committees as well as the regular assessments of the local risk management framework and
47
annual_report
0
329
Individual buildings and development sites are analyzed on a continuing basis with estimates made of both additional costs to be incurred to complete development where necessary and the estimated revenues and operating costs of the property in the future. The time value of money is not considered in assessing revenues ...
107
10K
StorebrandASA-AR_2014
2,047
2) The real estate are valued on the bsis of the following effective required rate of return (including 2.5 per cent inflation): 3) All of the properties in Sweden are appraised externally. This appraisal is based on the required rates of return in the market.
45
annual_report
RaiffeisenBankInternationalAG-AR_2020
4,503
Changes due to modifications without derecognition (net) 71 (252) 77 39 (66)
12
annual_report
StorebrandASA-AR_2004
1,217
Change in insurance reserves for own account -11 718.7 -9 353.9 -3 333.1
13
annual_report
2038
367
The Company has completed the initial steps of integrating PNNC that are necessary for HealthExtras to operate as a single, combined company. We intend to operate with a combined financial, organizational and management structure so that all of our customers, employees and suppliers have access to a consistent and reli...
73
10K
NatixisSA-AR_2004
2,020
The balance, plus any retained earnings, comprises the sum available for distribution, which may by resolution of the shareholders at the annual general meeting be used as they deem appropriate within the limits permitted by law, either by way of transfer to retained earnings or other reserves, or at the recommendation...
73
annual_report
TopdanmarkAS-AR_2018
163
• An expense ratio of around 16 • On the one hand, additional expenses of 0.5 to 1pp in connection with investments in increased digitisation and automation are still assumed to have an impact on the combined ratio. On the other hand, investments from previous years will result in improved efficiency in 2019. Together ...
80
annual_report
5181
1,541
In November 2012, certain of the Life Companies filed an action in Kentucky state court, asking the court to construe the Kentucky DMF Statute to apply only prospectively, i.e., only to life insurance policies issued in Kentucky on or after the effective date of the Kentucky DMF Statute, consistent with what the Life C...
222
10K
CNPAssurancesSA-AR_2017
174
In what was an eagerly awaited project, incoming paper documents are now converted to electronic form, initially to optimise interactions with La Banque Postale’s customers by giving all the customer relationship teams a shared view of customer files. This large-scale project was completed in less than one year, by ado...
151
annual_report
ScorSE-AR_2008
3,298
Interest differences relating to forward contracts are amortised to interest expense or income over the effective life of the hedged operation.
21
annual_report
gb_prudential-AR_2015
2,331
Penny James and Tony Wilkey were promoted to the Board during the year. Their outstanding share awards under deferred bonus plans and long-term incentives awarded before their appointment to the Board will continue to vest on the normal timescale and subject to the original conditions.
45
annual_report
Sampoplc-AR_2004
1,294
Loans and advances to credit institutions 3 1 3 1 Loans and advances to customers 0 0 0 0
19
annual_report
SwissReAG-AR_2011
606
Swiss plan allocation Foreign plans allocation 2010 2011 Target�allocation 2010 2011 Target�allocation
12
annual_report
3357
733
While annuity contracts have scheduled payments, the timing of the cash flows associated with life insurance policies is uncertain and can vary significantly.
23
10K
2099
857
statements. The implementation of SAB No. 101 on July 1, 2001 did not have a material impact on the Consolidated Group’s financial statements.
23
10K
HiscoxLtd-AR_2020
544
Supervisory co-operation In 2020, our Group supervisor the Bermuda Monetary Authority (BMA) hosted a supervisory college, which included nearly all of the Group’s regulators worldwide. This is an important annual opportunity for us to present a consistent message to our regulators on issues of common interest, so seven...
58
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014
3,218
Munich Health Europe/Latin America Munich Health Northern/Eastern/Central Europe Königinstrasse 107 80802 München Germany
13
annual_report
NatwestGroupPLC-AR_2016
9,257
In particular, in the UK the Group is at risk from volatility in property prices in both the residential and commercial sectors.
22
annual_report
Sampoplc-AR_2005
1,484
Accumulated amortisation – –12 –12 Accumulated impairment – – – Net carrying amount 153 3 156
16
annual_report
1914
1,333
The option price assumptions used for the LNC stock option incentive plans were as follows:
15
10K
gb_lloyds_banking_grp-AR_2004
143
The Group’s capital position remains satisfactory. At the end of 2004, the total capital ratio was 10.0 per cent and the tier 1 capital ratio was 8.9 per cent. Risk-weighted assets increased by 12 per cent to £132.2 billion, reflecting strong growth in consumer lending and mortgages, higher lending in Corporate Markets...
118
annual_report
5898
1,500
Our lead insurance subsidiary, The Cincinnati Insurance Company, paid dividends to the parent company of $550 million in 2020, $625 million in 2019 and $500 million in 2018. State regulatory requirements restrict the dividends insurance subsidiaries can pay. Generally, the most our lead insurance subsidiary can pay wit...
107
10K
2976
1,116
The final Talbot earnout payment of approximately $21.8 million will be made on March 31, 2007, and will be based upon Talbot’s earnings for the year ended December 31, 2006. The final payment will most likely be made in cash.
40
10K
fr_axa-AR_2004
1,533
AXA Investment Managers (including AXA Rosenberg) 106 3 - - (8) - 102 Guardian Royal Exchange (except Albingia) 339 - - - (0) - 338
25
annual_report
3564
764
Cash and short term investments, which include cash, certificates of deposits, and money market accounts increased $4.6 million, or 25.7%, to $22.5 million as of December 31, 2007, compared to $17.9 million as of December 31, 2006. These balances are held primarily in money market accounts at amounts deemed sufficient ...
70
10K
2257
494
We have audited the accompanying Statements of Financial Position of Allstate Life Insurance Company of New York (the "Company", an affiliate of The Allstate Corporation) as of December 31, 2003 and 2002, and the related Statements of Operations and Comprehensive Income, Shareholder's Equity and Cash Flows for each of ...
121
10K
4126
1,370
For structured fixed maturity securities (primarily residential and commercial mortgage-backed securities, collateralized mortgage obligations and pass-through securities), the Company estimates the present value of the security by projecting future cash flows of the assets underlying the securitization, allocating the...
191
10K
NatwestGroupPLC-AR_2014
5,911
RBS uses a variety of models to manage and measure market risk, as described below. These models comprise pricing models (used for valuation of positions) and risk models (for risk measurement and capital calculation purposes). They are developed in both RBS-level and lowerlevel functions and are subject to independent...
52
annual_report
692
305
The Company sells structured settlement annuities to The Travelers Indemnity Company in connection with the settlement of certain policyholder obligations. Such deposits were $88 million, $40 million, and $38 million for 1997, 1996 and 1995, respectively.
36
10K
nl_ing_grp-AR_2013
6,559
FORBEARANCE ACTIVITIES Activities that are employed in order to maximise collection opportunities and, if possible, avoid default, foreclosure or repossession. Such arrangements include extended payment terms, a reduction in interest and/or principal repayments, approved external debt management plans, debt consolidati...
47
annual_report
NatwestGroupPLC-AR_2015
773
• leading on implementation of recommendations from the annual Board evaluation.
11
annual_report
nl_ing_grp-AR_2012
4,352
The Available Financial Resources are currently mainly sensitive to declining equity and real estate prices. Compared to 2011 the downward interest rate sensitivity was reduced by hedges put in place in the Benelux. The downward equity sensitivity increased compared to 2011 as a result of reduced positions in equity pu...
51
annual_report
gb_lloyds_banking_grp-AR_2015
164
Summary In our milestone year we made a strong start to the next phase of our strategy and have delivered a robust financial performance. The combination of this strategic and financial performance with our simple, low risk business model positions us well in the face of uncertainties regarding the global economic, pol...
96
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014
2,787
For information on our risk management processes, reference is made to pages 117–122 of the risk report.
17
annual_report
3648
1,558
The following table provides the 2007 change in other expenses by segment:
12
10K
5096
1,834
Our expense ratio was 33.4% and 35.0% for the years ended December 31, 2014 and 2013, respectively. The reduction in the expense ratio for 2014 from the prior year is primarily attributable to the 20.8% increase in our net earned premiums compared to the prior year without a proportional increase in other operating exp...
54
10K
LloydsBankingGroupPLC-AR_2018
3,675
Acquisitions and disposals reduction of £5.9 billion reflects the sale of the Irish mortgage portfolio and certain strategic equity holdings
20
annual_report
TrygAS-AR_2015
225
After the implementation of significant structural changes in recent years, the Swedish business generated higher-level sales in 2015 compared to sales levels under the distribution agreement with Nordea.
28
annual_report
NatwestGroupPLC-AR_2010
1,418
Loan impairment charge as % of gross customer loans and advances (excluding reverse repurchase agreements) (3) Banking & portfolios 2.2% 4.9% 0.9% International businesses & portfolios 7.9% 6.6% 2.3% Markets 0.1% 5.2% 9.4% 4.9% 5.7% 2.2%
36
annual_report
GjensidigeForsikringASA-AR_2014
1,411
Foreign exchange risk Foreign-exchange risk is defined as the financial loss resulting from a fluctuation in exchange rates. Generally, foreign-exchange risk in the investment portfolio is hedged close to 100 per cent, within a permitted limit of +/- ten per cent per currency, except for smaller mandates where active c...
53
annual_report
760
358
The Company's losses and loss adjustment expenses for the years ended December 31, 1996 and 1995 reflect loss ratios of 78%. The above loss ratios reflect improvement of loss development in prior years coverage. The increase in reinsurance recoveries primarily results from the increase in losses and loss adjustment exp...
56
10K
HelvetiaHoldingAG-AR_2013
284
Service quality for life insurance broker 1st place Versicherungsmagazin / ServiceValue GmbH, 2013
13
annual_report
3878
2,226
If the estimated fair value of a reporting unit exceeds its carrying value, goodwill is not impaired. If the carrying value of a reporting unit exceeds its estimated fair value, goodwill associated with that reporting unit potentially is impaired. The amount of impairment, if any, is measured as the excess of the carry...
173
10K
4987
957
Represents the maximum undiscounted future value of losses payable under the contracts, if all underlying issuers default and the residual value of the specified obligations is zero.
27
10K
3774
1,537
The determination of the exit value premium is summarized as follows:
11
10K
3075
1,221
In May 2006, we issued 2,925 shares of our common stock upon the exercise of options.
16
10K