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1406
729
Watch and clock inventories - These inventories, aggregating $56.1 and $36.8 at December 31, 2000 and 1999, respectively, are stated at the lower of cost or market, using the first-in, first-out (FIFO) method.
33
10K
gb_lloyds_banking_grp-AR_2017
186
Market challenge Our competitive landscape continues to evolve. A number of domestic incumbents are intensifying their focus on the UK market, with restructuring phases largely complete. In addition, collaboration among non-traditional competitors is increasing in order to build scale and drive efficiency. Tech giants ...
81
annual_report
3095
465
In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, the Company cautions readers regarding certain forward-looking statements contained in this report and in any other statements made by, or on behalf of, the Company, whether or not in future filings with the Securit...
128
10K
StorebrandASA-AR_2015
1,066
The discount rate used is essentially calculated by the same methods used for calculation of the discount rate under Solvency II: • For terms to maturity up to 10 years, the discount rate is determined based on the quoted swap interest rates, adjusted for both credit risk (credit adjustment) and illiquidity (volatility...
227
annual_report
4240
639
Level 3 assets represented approximately 24% and 17% of total assets measured at fair value on a recurring basis as of December 31, 2010 and 2009, respectively. Level 3 liabilities represented approximately 78% and 99% of total liabilities measured at fair value on a recurring basis as of December 31, 2010 and 2009, re...
81
10K
5480
437
The key assumptions fundamental to the reserving process are often different for various reserve groups and accident or policy years. Some of these assumptions are explicit assumptions that are required of a particular method, but most of the assumptions are implicit and cannot be precisely quantified. An example of an...
119
10K
133
128
In 1988, the Company adopted a plan, which has been extended through June 30, 1996, to repurchase its common stock. Under the plan, the Company repurchased 437,000 shares at a cost of $15.1 million, 1.4 million shares at a cost of $43.8 million and 225,000 shares at a cost of $7.0 million in 1995, 1994 and 1993, respec...
153
10K
4733
1,096
Quoted prices for identical or similar assets/liabilities in non-active markets (e.g., few transactions, limited information, non-current prices, high variability over time);
21
10K
ScorSE-AR_2018
3,433
The following table reconciles consolidated net income to net cash flows provided by/(used in) operations as presented in the consolidated statement of cash flows: In EUR millions 2018 2017 2016
30
annual_report
4003
1,096
The following table presents, by line of business, the change in the liability for unpaid losses and loss adjustment expenses incurred in the years ended December 31, 2009, 2008 and 2007, for insured events of prior years.
37
10K
NatixisSA-AR_2010
7,785
RESOLUTION EIGHT (RATIFICATION OF THE CO-OPTING OF JEAN-BERNARD MATEU AS DIRECTOR)
11
annual_report
AvivaPLC-AR_2016
1,182
Corporate governance – 9% Reviews and approves all significant shareholder communications and monitors developments to legislation and regulation and internal governance arrangements.
22
annual_report
INGGroepNV-AR_2001
1,289
F I R S T A P P O I N T M E N T S U P E R V I S O R Y B O A R D I N G G R O U P : May 1995, also on the recommendation of the Central Works Council. Member of the Remuneration & Appointments Committee. C U R R E N T T E R M
70
annual_report
NatwestGroupPLC-AR_2011
3,882
Political donations At the Annual General Meeting in 2011, shareholders gave authority under Part 14 of the Companies Act, for a period of one year, for the company (and its subsidiaries) to make political donations and incur political expenditure up to a maximum aggregate sum of £500,000. This authorisation was taken ...
139
annual_report
ScorSE-AR_2019
4,268
A table has been included in Section 6.4.3.3 – Group’s operations, providing an overview of the rate of coverage for a selection of indicators.
24
annual_report
4846
788
Realized Investment Gains, Net. Realized losses of $0.2 million and gains of $0.5 million and $1.3 million were recognized in 2013, 2012 and 2011, due to the sale of two bond mutual fund holdings in 2013 and due to disposals in 2012 and 2011 of previously impaired equity mutual funds.
50
10K
2084
1,308
In addition to the above, the District Court of Jerusalem, Israel, has permitted a private insurer in Israel, Clalit Health Services, to make service outside the jurisdiction on the Company and Lorillard with a suit in which Clalit Health Services seeks damages for providing treatment to individuals allegedly injured b...
53
10K
5513
2,884
See Note 5 - “Investments” to our consolidated financial statements for additional disclosure on our investment portfolio.
17
10K
HiscoxLtd-AR_2005
279
Hiscox Insurance Company Limited is rated A- (Excellent) by A.M. Best and A- (Strong) by Standard & Poor’s. At the end of 2005, net assets were £123.6 million.
28
annual_report
StandardLifeAberdeenPLC-AR_2018
3,317
Receivables and other financial assets Cash and cash £m £m £m £m £m £m £m £m £m £m £m £m £m £m
22
annual_report
4051
4,358
* AIG has federal net operating loss carryforwards as of December 31, 2009 and 2008 in the amount of $35.2 billion and $47.3 billion, and unused foreign tax credits of $2.8 billion and $2.2 billion, respectively. Net operating loss carryforwards may be carried forward for twenty years from the date they were incurred w...
152
10K
DirectLineInsuranceGroupPLC-AR_2015
838
Experience and qualifications In addition to leading our Claims and Business Services divisions, Steve is currently leading the management of our IT estate, while Angela Morrison dedicates herself to our next generation of customer systems programme. From 2004, Steve was Director of Strategic and Technical Claims at RS...
96
annual_report
AvivaPLC-AR_2011
2,363
(H) Other investment contract fee revenue Investment contract policyholders are charged fees for policy administration, investment management, surrenders or other contract services. The fees may be for fixed amounts or vary with the amounts being managed, and will generally be charged as an adjustment to the policyhold...
176
annual_report
AvivaPLC-AR_2020
2,451
• Where the entity is managed by a Group asset manager, and the Group’s ownership holding in the entity is less than 30%, the Group is judged to not have control over the entity.
34
annual_report
NatwestGroupPLC-AR_2004
2,645
The Group’s retained interests may be subordinated to other investors’ interests. The investors and securitisation trusts have no recourse to the Group’s other assets for failure of debtors to perform on the securitised loans or securities. The value of the retained interests varies and is subject to prepayment, credit...
57
annual_report
374
985
The increase in commissions before consolidation eliminations for NFL resulted from increases of $1.3 million for products sold by Senior Benefits, $383,000, or 18.4%, for products sold by LifeStyles Marketing, and $587,000, or 39.9%, for policies reinsured from FLICA. These increases were offset, in part, by decreases...
143
10K
StandardLifeAberdeenPLC-AR_2015
2,888
Non-participating insurance contract liabilities 5,197 5,276 9,556 10,753 6,453 5,812 - - 21,206 21,841
14
annual_report
TopdanmarkAS-AR_2009
83
The expense ratio increased to 14.9% from 14.7%. Expenses reduced DKK 25m as a consequence of, among other factors, an employment freeze which was introduced in 2008. The expense ratio is calculated by comparing expenses with premiums earned. Since premiums earned declined 3.2%, the 1.9% reduction in expenses was not s...
60
annual_report
1324
230
The Company also anticipates some cross selling opportunities to arise between its personal and commercial lines business niches, wherein certain of the Company's commercial lines agents also possess personal lines mobile homeowners and homeowners books of business which may now be solicited by the Company. The Company...
66
10K
NatwestGroupPLC-AR_2013
2,533
Character and impact: Primarily present in credit portfolios of Markets, International Banking, Ulster Bank (Ireland), Group Centre (mainly Treasury), US Retail & Commercial and Non-Core.
25
annual_report
2390
918
Claim reserves relating to short duration contracts generally are recorded when insured events occur. The liability is based on the expected ultimate cost of settling the claims. The claims and benefits payable reserves include: (1) case base reserves for known but unpaid claims as of the balance sheet date; (2) incurr...
270
10K
4149
13,209
$6.50 billion of the contracts with market value adjusted surrenders have a 30-45 day period at the end of their initial and subsequent interest rate guarantee periods (which are typically 5 or 6 years) during which there is no surrender charge or market value adjustment.
45
10K
NatixisSA-AR_2012
5,599
Relations with other proportionally-consolidated entities and entities accounted for by the equity method are not material.
16
annual_report
997
498
Both the change in reserve estimate and the change from discounting to not discounting reserves were contemplated by the Company as a result of the shift in the business that now reflects a higher amount of refinance transactions and an increase in frequency of housing resales. See Note 2 to the Consolidated Financial ...
67
10K
2214
254
and fixed maturities available-for-sale which are valued at fair value. Fixed maturities available-for-sale and fixed maturities held-to-maturity were 86.3% and 4.3%, respectively, of invested assets at December 31, 2003. Fixed maturities held to maturity, amounting to $11,699,899 at December 31, 2003, consist of U.S. ...
81
10K
3399
1,159
We are defendants in a number of other purported class action cases pending in various states that include allegations that certain consumers were overcharged for title insurance and/or related services. The dollar amount of damages sought has generally not been specified in these cases except for jurisdictional limits...
55
10K
4732
1,352
Our Medicare products, which accounted for approximately 74% of our total premiums and services revenue for the year ended December 31, 2013, primarily consisted of products covered under the Medicare Advantage and Medicare Part D Prescription Drug Plan contracts with the federal government. These contracts are renewed...
133
10K
fr_axa-AR_2016
5,192
Centralization and harmonization of reinsurance purchase is based on the same procedures for both the Life & Savings business as for the Property & Casualty activities.
26
annual_report
1894
941
On December 29, 2000, DHC sold, for $3,074 in aggregate cash consideration, 819,700 newly issued shares of DHC common stock, par value $.10 per share (the "Common Stock"). The sales were private placements to accredited investors made pursuant to Regulation D under the Securities Act of 1933. In 2000, brokerage commiss...
79
10K
4714
1,396
Accounting for costs associated with acquiring or renewing insurance contracts: In October 2010, the FASB issued amended accounting guidance on accounting for costs associated with acquiring or renewing insurance contracts. Under the previous guidance, costs that varied with and were primarily related to the acquisitio...
198
10K
ScorSE-AR_2016
3,603
12/01/2014 Plan 11/05/2014 Plan 07/30/2014 Plan 03/04/2014 Plan 03/04/2014 Plan (LTIP)
11
annual_report
gb_prudential-AR_2012
3,360
Net effect on profi t and shareholders’ equity 160 (216) 51 (125)
12
annual_report
PowszechnyZakladUbezpieczenSA-AR_2017
301
Estonia, GDP growth in 2017 will surpass 4%, which will be the highest rate of growth in the last six years.
21
annual_report
BaloiseHoldingLtd-AR_2015
2,944
In 2014, the Baloise Group acquired the Brussels-based real-estate company Singel Office Antwerpen NV in Belgium and the net assets of the firm P & V Assurances in Luxembourg.
29
annual_report
fr_axa-AR_2003
1,327
By Innovest Innovest’s EcoValue’21® environmental ratings (ranging from AAA to CCC) identify environmental risks, management quality and profit opportunity differentials typically not identified by traditional equity analysis.
27
annual_report
ch_zurich_insurance_group-AR_2016
3,799
Board of Directors’ responsibility The Board of Directors is responsible for the issue of new shares in accordance with the legal requirements and the Company’s articles of incorporation.
28
annual_report
160
214
Employee related expenses and general administrative and operating expenses were a combined $13.7 million for 1995, an increase of $.3 million or 2.5% from 1994.
25
10K
PosteItalianeSpA-AR_2018
957
As part of the strategy designed to promote the digital single market and with the aim facilitating the shipment of parcels within the European market and drive the development of e-commerce, Regulation (EU) 2018/644 was approved on 4 March 2018.
40
annual_report
451
229
Cash Flows. During 1996, the Company's operating activities generated cash of $15.9 million compared to $89.4 million in 1995. The decrease in cash provided by operations resulted primarily from the discharge of certain policy and claim liabilities related to the divested health insurance businesses, an increase in the...
113
10K
4891
1,409
In the United Kingdom, the pension trustees, in consultation with the Company, maintain a diversified asset portfolio and this together with contributions made by the Company is expected to meet the pension scheme’s liabilities as they become due. The UK plan’s assets are divided into 13 separate portfolios according t...
151
10K
2878
1,254
HMEC’s home office property at 1 Horace Mann Plaza in Springfield, Illinois, consists of an office building totaling approximately 214,000 square feet which is owned by the Company. The Company also owns buildings with an aggregate of approximately 24,000 square feet at other locations in Springfield. The Company lease...
105
10K
3961
1,827
The estimation of net reinsurance loss and LAE reserves is subject to the same risk as the estimation of insurance loss and LAE reserves. In addition to those risk factors which give rise to inherent uncertainties in establishing insurance loss and LAE reserves, the inherent uncertainties of estimating such reserves ar...
125
10K
AdmiralGroupPLC-AR_2005
780
Basis of preparation: The 2004 and 2005 figures below are as stated in the financial statements preceding this financial summary. Only selected lines from the income statement and balance sheet have been included.
33
annual_report
LloydsBankingGroupPLC-AR_2008
179
The slowdown in both mortgages and unsecured lending is due to both demand and supply factors. A worsening economic outlook and falling house prices have depressed consumer confidence and curbed demand for both secured and unsecured borrowing. on the supply side, weak capital and funding positions have caused the withd...
105
annual_report
de_allianz-AR_2006
1,087
3) For further information see Note 49 to our consolidated financial statements.
12
annual_report
3676
883
Commissions to non-employees were $371,441 in 2008 as compared to $398,900 in 2007. We pay commissions to non-employee ISG agents.
20
10K
5215
2,849
The carrying value of fixed maturities, commercial mortgage loans and short-term investments related to the businesses included in the table above was $40.2 billion and $41.9 billion, as of December 31, 2016 and 2015, respectively. The selection of the 100 basis point parallel shift in the yield curve was made only as ...
157
10K
5409
1,459
Certain of our derivative instruments contain provisions that require us to maintain an investment grade rating from each of the major credit rating agencies on our debt. If the ratings on our debt were to fall below investment grade, it would be in violation of these provisions and the counterparties to the derivative...
57
10K
4494
1,768
Revenues from internal customers for the years ended December 31, 2011, 2010 and 2009 were not material. Foreign assets at December 31, 2011 and 2010 also were not material. The Company does not have revenue from transactions with a single customer amounting to 10 percent or more of its revenues.
50
10K
fr_axa-AR_2009
9,545
Auditors who present the outcome of their audit work; ■ T he fi nancial statements are presented to the Management
20
annual_report
5568
1,316
Net Earned Premiums for the year ended December 31, 2017 increased $14.3 million as compared to the same period in 2016, primarily due to continued growth in our P&C, Agriculture and Specialty Casualty products. In addition, there was an increase in net assumed RRP benefit with a $6.1 million net RRP benefit for the ye...
119
10K
2039
1,101
The performance results of our fixed maturity portfolio, with a comparison to the Lehman Brothers Government/Corporate 1-3 Year Index, for the year ended December 31, 2002 was as follows:
29
10K
5309
1,337
•A three-year (2014-2016) risk corridor program is designed to limit insurer gains and losses by comparing allowable medical costs to a target amount as defined by HHS. This program applies to individual and small group qualified health plans, operating on and off the exchanges. Variances from the target amount exceedi...
187
10K
gb_prudential-AR_2013
4,137
Triennial actuarial valuations Defined benefit schemes in the UK are generally required to be subject to full actuarial valuations every three years in order to assess the appropriate level of funding for schemes in relation to their commitments. These valuations include assessments of the likely rate of return on the ...
58
annual_report
DirectLineInsuranceGroupPLC-AR_2016
1,829
Note: The percentages of votes for and against are expressed as a percentage of votes cast, excluding votes withheld. The percentage of votes withheld is expressed as a percentage of total votes cast, including votes withheld
36
annual_report
2744
2,047
We evaluate our prior year assumptions by reviewing the development of reserves for the prior period. During 2004, reserves amounts relating to December 31, 2003 and prior had a favorable development of $19,404 compared to a favorable development of $3,095 during 2003 for reserve amounts relating to December 31, 2002 a...
86
10K
4393
663
We earned premium revenues of $4.6 billion, up 15.4% over the previous year. Meanwhile, we achieved a medical care ratio of 83.9%, compared with a medical care ratio of 84.5% for fiscal year 2010. We have continued to lay the foundation for further growth, achieving certification of our Medicaid management information ...
79
10K
5952
1,515
Reported as a component of other assets on Alleghany’s consolidated balance sheet.
12
10K
LloydsBankingGroupPLC-AR_2012
1,619
The company will report on the progress of the above action plan in the 2013 annual report.
17
annual_report
4977
2,048
Present value of expected future payments. Interest rate assumptions used in establishing such liabilities range from 1% to 11%.
19
10K
2755
3,620
(ii) All Casualty Lines Excess of Loss treaty ("Casualty Treaty") covering all casualty business, including Workers Compensation, up to $45.0 million in excess of $5.0 million per occurrence.
28
10K
PowszechnyZakladUbezpieczenSA-AR_2012
1,371
(since 1 February 2012) and WIGdiv (since 24 September 2012). On 24 December 2012, PZU was included also in CEERIUS (CEE Responsible Investment Universe) sustainable development index. CEERIUS is an index developed by Wiener Börse for Central and Eastern Europe. It includes leading companies from the region, which meet...
60
annual_report
5690
4,981
The increase in 2018 is primarily related to the deemed repatriation transition tax and related IRS regulations.
17
10K
4774
2,226
Assumed Reinsurance (“Assumed Reinsurance”) segment offers international assumed reinsurance and certain U.S. based assumed reinsurance; and
16
10K
gb_lloyds_banking_grp-AR_2011
324
On competition, we are pleased that the Verde sale is seen as creating an effective new challenger in our market, and that our proposals, developed with the Payments Council, to make it quicker and simpler for customers to switch accounts, were recommended by the ICB and backed by the Government.
50
annual_report
5254
752
Income tax expense in 2016 was $191 million, $211 million or 52% lower than in 2015, primarily reflecting the impact of the $590 million decrease in income before income taxes in 2016. Income tax expense in 2015 was $402 million, $36 million or 10% higher than in 2014, primarily reflecting the $101 million increase in ...
81
10K
gb_prudential-AR_2010
1,159
MICHAEL GARRETT INDEPENDENT NON-EXECUTIVE DIRECTOR AND MEMBER OF THE REMUNERATION COMMITTEE
11
annual_report
NatixisSA-AR_2007
3,715
The table below shows the credit risk exposure for all the
11
annual_report
3588
1,254
The Internal Revenue Service ("IRS") has completed examinations of the U.S. consolidated federal income tax returns for 2003 and prior years. The IRS has commenced the audit of our federal income tax returns for the years 2004 and 2005. We do not expect the results of these audits or developments in other tax areas to ...
84
10K
gb_lloyds_banking_grp-AR_2001
579
Special items: Short-term fluctuations in investment returns (648) (94) 58 19 26
12
annual_report
3928
1,494
Our Bermuda/Dublin property reinsurance loss reserves are established on a contract-by-contract basis, based on expected loss ratios, losses reported by clients and our assessment of potential losses from catastrophe events. After a catastrophe event, our initial estimate is based upon a combination of internal and ext...
71
10K
5107
645
Insurance Service Fees. The Company earns fees from an insurance distribution business and as a servicing carrier of workers' compensation assigned risk plans for certain states. Service fees increased 19% to $139 million in 2015 from $117 million in 2014 primarily as a result of an increase in fees from assigned risk ...
53
10K
HannoverRueckSE-AR_2008
330
China continues to rank as the most prominent growth market in Asia. While there was little movement yearon -year in the established primary insurance markets of Hong Kong and Taiwan, the Chinese market once again recorded disproportionately strong growth.
39
annual_report
4045
1,321
As of December 31, 2009 and 2008, the third party reinsurers representing the largest balances of the Majestic’s reinsurance recoverable were as follows:
23
10K
fr_axa-AR_2001
5,111
(6) Refer to comments in text below as treated as “anti-dilutive” for U.S. GAAP purposes.
15
annual_report
HiscoxLtd-AR_2001
234
10 Alteration of the International Sharesave Scheme The Board may at any time alter or add to the International Sharesave Scheme. However, the prior approval of the Company in general meeting must be obtained in the case of any alteration or addition which is to the advantage of participants and which relates to eligib...
132
annual_report
5454
950
The Company’s short duration health insurance contracts typically have a one-year term and may be canceled by the customer with at least 30 days’ notice. Costs related to the acquisition and renewal of short duration customer contracts are charged to expense as incurred.
43
10K
Sampoplc-AR_2016
1,876
Development of with profit claims provisions are taken into account implicitly since they are part of the historical claims data and they are allocated to each claim. Claims handling expenses for incurred claims are taken into account when estimating the Claims Adjustment Reserve, while all expenses for nonincurred cla...
58
annual_report
GjensidigeForsikringASA-AR_2015
1,520
The Group underwrites insurance in the Scandinavian and Baltic countries, so it has insurance liabilities in these currencies. The foreign exchange risk, at both the group and company levels, is generally hedged by matching technical provisions with investments in the corresponding currency. The currency hedging strate...
140
annual_report
SwissReAG-AR_2015
1,278
Career trevor Manuel was a Minister in the South african government for more than 20 years, serving under the presidents Mandela, Mbeki, Motlanthe and Zuma. He served as Finance Minister from 1996 to 2009. Before his retirement from public office in 2014, he was Minister in the presidency responsible for South africa’s...
116
annual_report
4628
1,281
The Company classifies its investments in fixed maturities and equity investments as available-for-sale and reports these investments at fair value. The Company's LROC preferred units, senior unsecured debentures and subordinated debt are measured and reported at fair value.
38
10K
SwissReAG-AR_2015
721
Strategy and priorities at the Swiss re investors’ Day in December 2015, the corporate Solutions ceO presented the strategic initiatives for growth beyond 2015, communicating the intent to focus on further expansion into primary lead and to broaden the footprint. in 2015, corporate Solutions developed primary lead capa...
60
annual_report
PowszechnyZakladUbezpieczenSA-AR_2014
992
Thanks to the market’s biggest product mix and experience in product development, PZU Group is able to adapt its offer to the client expectations not just in scope of product-associated demands but to use all its experience in all contact channels.
41
annual_report
5083
626
we could be adversely affected by a ratings downgrade or other negative action by a ratings organization;
17
10K
fr_axa-AR_2000
488
Net asset value per ordinary share (in euros) 76.7 61.5 57.5
11
annual_report
Sampoplc-AR_2000
1,051
The key figures of non-life and life insurance have been calculated in accordance with the decision of the Ministry of
20
annual_report
5295
2,508
Stock Options - A rollforward of activity for the year ended December 31, 2016 for stock options is as follows:
20
10K
CNPAssurancesSA-AR_2009
4,736
CNP Assurances and Malakoff Médéric in talks to set up new pensions business (2 April 2009)
16
annual_report
4486
1,568
Expense ratio. The expense ratio is defined as underwriting, acquisition and insurance expenses as a percentage of earned premiums (excludes former Life Insurance Division).
24
10K
fr_axa-AR_2016
75
am particularly pleased that Thomas Buberl has promoted the four values that make up AXA’s identity to Group employees: “Customer First, Courage, Integrity and One AXA”.
26
annual_report