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The regulations of the Departments of Insurance in the states where the Company's insurance subsidiaries are domiciled generally restrict the ability of insurance companies to pay dividends or make other distributions. Based upon statutory financial statements filed with the insurance departments as of December 31, 199...
136
10K
3682
1,192
The following table is a reconciliation of the actual income tax rate to the amount computed by applying the effective tax
21
10K
PowszechnyZakladUbezpieczenSA-AR_2016
1,168
Another innovative move that supports the process of personal claims handling from TPL insurance was to appoint the
18
annual_report
1894
924
Net investment income for the years ended December 2002, 2001 and 2000 was:
13
10K
PowszechnyZakladUbezpieczenSA-AR_2012
1,102
3. The structures of managing the existing offices in the PZU Group were unified and the process of front-office staff unification commenced in order to provide comprehensive services to customers in the life and property segment in all offices.
39
annual_report
fr_axa-AR_2011
986
(€-1,505 million or -1.6 points), the impact of AXA APH Asian entities minority interest buy-out and disposal of Australia and
20
annual_report
3952
8,000
The increase in annuity premiums in 2008 compared to 2007 reflects sales through the new bank distribution channel, as well as increased sales of traditional fixed annuities, partly offset by lower sales of indexed annuities in the single premium market.
40
10K
4200
364
Liquidity: Cash flows from operating activities decreased from 2009 to 2010, primarily due to a recovery of current income taxes receivable in 2009, a decrease in premiums collected in 2010 coupled with an increase in receivables and other assets, partially offset by an increase in accounts payable and accrued liabilit...
76
10K
ScorSE-AR_2014
3,699
 Middle office and Back office departments of the asset management company have been delegated to BPSS in November 2014. Information systems remain those of SCOR and tools for monitoring and controlling transactions remain unchanged following this transfer of activity.
40
annual_report
957
636
Establishing reserve liabilities for environmental claims is subject to significant uncertainties that make reserve estimation difficult. Legal decisions have tended to expand insurance coverage beyond the intent of the policies. The Company does not use discounting in determining its reserves for environmental claims....
103
10K
PhoenixGroupHoldingsPLC-AR_2019
1,548
The valuation information was then presented for oversight review by the Audit Committee who considered and confirmed the appropriateness of the basis of valuation�
24
annual_report
TrygAS-AR_2012
868
In 2012, the Private sales function held a total of ten workshops, and the aim is to hold 30 workshops in 2013. In 2012, as a supplement to these workshops, Tryg took part in the City of Copenhagen’s
38
annual_report
RaiffeisenBankInternationalAG-AR_2015
2,047
The whole limit application process is based on defined uniform principles and rules. Account management for multinational customers doing business simultaneously with more than one RBI Group unit is supported by the Global Account Management System, for example. This is made possible by Group-wide unique customer iden...
51
annual_report
BeazleyPLC-AR_2018
1,768
– Senior secured loans 132.1 85.6 Equity funds 85.4 168.3 Hedge funds 337.2 377.4 Illiquid credit assets 186.6 180.4 Derivative financial assets 6.9 8.8 Total financial assets managed and evaluated on a fair value basis 5,052.6 4,890.1
37
annual_report
5957
849
In 2020, as a result of changes in the way the chief operating decision maker makes decisions about the allocation of resources and assesses the performance of the business, the Company combined two of its former six segments into one segment, Retail Life and Annuity. These changes enable the Company to better serve th...
67
10K
2131
537
. Management's Discussion and Analysis of Financial Condition and Results of Operations
12
10K
2731
675
various other share-based grants to employees) are measured as the difference between the quoted (or best estimate of) market price, and the exercise price on the measurement date. All fixed plan options have been granted by Willis Group Holdings at an exercise price equal to the quoted market price at the measurement ...
86
10K
67
236
- -------- *Financial services revenue includes $25.9 million in 1994, $26.2 million in 1993, and $19.7 million in 1992 representing revenues from other Torchmark segments which are eliminated in consolidation.
30
10K
ScorSE-AR_2014
3,686
 SCOR Global Life's Risk Management organizes the quarterly Life Risk Committee, which is responsible for highlighting the main risks to which the Life division is exposed, regarding both assets and liabilities.
32
annual_report
1704
430
On September 20, 2001, Berkshire acquired XTRA through a cash tender offer and subsequent statutory merger for all of the outstanding shares. Holders of XTRA common stock received aggregate consideration of approximately $578 million. XTRA, headquartered in Westport, Connecticut, is a leading operating lessor of transp...
55
10K
5265
3,087
In December 2016, Prudential Financial’s Board of Directors authorized the Company to repurchase at management’s discretion up to $1.25 billion of its outstanding Common Stock from January 1, 2017 through December 31, 2017.
33
10K
INGGroepNV-AR_2008
420
In Japan, underlying result before tax decreased EUR 191 million from a profit of EUR 24 million in 2007 to a loss of EUR 167 million in 2008. The turnaround was driven primarily by adverse hedge results on the variable annuities business due to extraordinary market volatility, especially in October. This was partially...
123
annual_report
5215
2,229
General liability reserves decreased due to lower frequency in late emerging claims.
12
10K
2417
1,480
The Company’s general account mortgage-backed securities (MBS) portfolio is comprised of residential MBS investments. As of December 31, 2004, MBS investments totaled $5.52 billion (18%) of the carrying value of the Company’s general account fixed maturity securities available-for-sale.
38
10K
nl_ing_grp-AR_2016
6,147
The decrease in the Available-for-sale reserve related to the divestment of Voya in March 2015. Reference is made to the ING Group Consolidated annual accounts, Note 51 ‘Other events’.
29
annual_report
NatwestGroupPLC-AR_2020
2,731
The Board does not anticipate any changes to its approach on these aspects of the Code.
16
annual_report
gb_prudential-AR_2005
706
Dividend cover based on reported post-tax IFRS operating profits from continuing operations is 1.9 times. Dividend cover based on reported IFRS operating profits from continuing operations and normalised tax rate of 30 per cent is 1.7 times.
37
annual_report
fr_axa-AR_2008
6,324
Appointments: Peter S. Kraus becomes Chairman and CEO of AllianceBernstein, to join AXA’s Management Board in 2009. AXA’s Executive Committee welcomes two new members: Véronique Weill, Group Executive Vice-President IT & Operational Excellence and Dominique Carrel-Billiard, CEO of AXA Investment Managers (12/22/2008)
42
annual_report
StorebrandASA-AR_2003
464
Premium income and transfers. Storebrand Life Insurance’s total premium income for 2003 (excluding policy transfers), was
16
annual_report
ScorSE-AR_2020
374
Net earned premiums Net earned premiums for the year ended December 31, 2020 amounted to EUR 14,517 million as compared to EUR 14,058 million and EUR 13,611 million for the years ended December 31, 2019 and 2018, respectively. The overall increase in net earned premiums amounted to EUR 459 million from 2019 to 2020 and...
62
annual_report
PosteItalianeSpA-AR_2015
1,506
The costs of acquiring industrial patents, intellectual property rights, licences and similar rights are capitalised.
15
annual_report
4857
1,307
In August 2014, the FASB issued ASU 2014-15, “Presentation of Financial Statements-Going Concern (ASC Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern” (“ASU 2014-15”), which requires management to evaluate whether there are conditions or events, considered in the a...
115
10K
2733
582
The Company's exposure to interest rate price risk and interest rate cash flow risk is reviewed on a quarterly basis. Interest rate price risk exposure is measured using interest rate sensitivity analysis to determine the change in fair value of the Company's financial instruments in the event of a hypothetical change ...
119
10K
StorebrandASA-AR_2018
897
Provisions in the Articles of Association and authorisations granting the Board the authority to buy back or issue the Group’s own shares are discussed in Item 3 above.
28
annual_report
AegonNV-AR_2002
239
agents, helping them operate and compete more effectively through better database management and access to product support.
17
annual_report
5819
730
PacifiCorp after-tax earnings were $773 million in 2019, an increase of $34 million compared to 2018, reflecting slightly higher utility margin and higher other income, partly offset by higher depreciation expense from additional assets placed in-service. PacifiCorp utility margin was $3.3 billion in 2019, an increase ...
72
10K
TopdanmarkAS-AR_2014
774
Total financial assets 52,623 57,370 The book value of loans and receivables at amortised cost approximately corresponds to fair value.
20
annual_report
de_allianz-AR_2001
842
Due to weak stock market performance, net investment income fell significantly to 164 (330)
14
annual_report
NatwestGroupPLC-AR_2010
1,785
Markets in Financial Instruments Directive Review The EU Commission published a consultation on revising the Directive on Markets in Financial Instruments (MiFID2). The main proposals in the consultation are the extension of the transparency rules to include bonds and over the counter derivatives, measures to reinforce...
69
annual_report
2838
674
The determination of whether a decline in market value is “other-than-temporary” is necessarily a matter of subjective judgment. No such charges were recorded in 2005, 2004 or 2003. The timing and amount of realized losses and gains reported in income could vary if conclusions other than those made by management were t...
79
10K
INGGroepNV-AR_2005
1,916
The first is the day-to-day funding. It is policy to sufficiently spread the day-to-day funding requirements. The Treasury function monitors all maturing cash flows along with expected changes in core-business funding requirements. This includes replenishment of existing funds as they mature, expected withdrawals from ...
75
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2015
2,063
Acquired insurance portfolios Software Self-developed Other €m 2015 Prev. year 2015 Prev. year 2015 Prev. year Gross carrying amount at 31 Dec. previous year 1,320 1,309 367 358 1,049 956 Accumulated amortisation and accumulated impairment losses at 31 Dec. previous year –1,002 –924 –285 –256 –770 –697 Carrying amount ...
60
annual_report
de_allianz-AR_2010
2,404
The following table summarizes the impacts on the consolidated income statements for the years ended December 31, 2009 and 2008 relating to the change in accounting policy for fixed-indexed annuities: As previously reported
33
annual_report
2775
879
Of the 184 securities that were in an unrealized loss position as of December 31, 2005, 6 were equity investments and the other 178 were fixed-maturity investments. For the equity investments 4 are publicly traded Real Estate Investment Trusts (“REIT’s”) which are made up of real estate related mortgage backed securiti...
218
10K
RaiffeisenBankInternationalAG-AR_2012
1,296
According to IAS 39, all financial assets, financial liabilities and derivative financial instruments are to be recognized in the statement of financial position. A financial instrument is defined as any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of anothe...
123
annual_report
5340
2,262
Estimation of ultimate net losses and loss adjustment expenses (net losses) for our long-tail casualty lines of business is a complex process and depends on a number of factors, including the product line and volume of business, as well as estimates of the reinsurance recoverable. Experience in the more recent accident...
101
10K
gb_lloyds_banking_grp-AR_2012
833
We delivered customer deposit growth of 4 per cent, with good growth in both our Retail and Wealth, Asset Finance and international divisions.
23
annual_report
2138
1,672
product design, underwriting criteria, utilization review or claims management and, in health and dental insurance, negotiation of favorable provider contracts. Changes in the composition of the kinds of work available in the economy, market conditions and numerous other factors may also materially adversely affect our...
85
10K
fr_axa-AR_2003
1,692
At December 31, 2003, the potential number of ordinary shares to be issued upon conversion of AXA's total outstanding subordinated convertible debt was around 64.0 million (2002: 64.0 million).
29
annual_report
Sampoplc-AR_2002
446
Changes in Group structure In line with its strategy Sampo re-structured its operations in 2002 to emphasise long-term savings products and retail banking and to gain a more streamlined Group structure. In addition, administrative and support functions were developed and reorganised in a more rational and cost-efficien...
48
annual_report
ScorSE-AR_2014
3,818
PROPERTY & CASUALTY (P&C) CLASSES All insurance classes other than Life.
11
annual_report
gb_lloyds_banking_grp-AR_2016
5,775
Return on tangible equity Statutory profit after tax adjusted to add back amortisation of intangible assets, after tax, profit attributable to non-controlling interests and other equity holders divided by average tangible net assets.
33
annual_report
5225
780
The $140 million of notes due to related parties include the Class A Notes due March 10, 2034 that were sold to Allstate New Jersey Insurance Company, American Heritage Life Insurance Company, Allstate Assurance Company and First Colonial Insurance Company. These notes have an annual interest rate of 3.25%. The Company...
63
10K
gb_prudential-AR_2019
6,681
The undiscounted expected free surplus generation from all in-force business at 31 December 2019 shown below can be reconciled to the amount that was expected to be generated as at 31 December 2018 as follows: Group $m $m $m $m $m $m Other $m Total $m 2018 expected free surplus generation for years 2019 to 2058 4,759 4...
64
annual_report
3609
842
At each balance sheet date, management assesses the need to establish a valuation allowance that reduces deferred tax assets when it is more likely than not that all, or some portion, of the deferred tax asset will not be realized. The valuation allowance is based on all available information including projections of f...
118
10K
AvivaPLC-AR_2013
2,210
Additional impairment to write down the disposal group to fair value less costs to sell (185) (2,233) — (2,233)
19
annual_report
fr_axa-AR_2010
3,111
École Nationale d’Administration (ENA), he started his career in 1984 as commercial counsellor for the French
16
annual_report
fr_axa-AR_2010
7,817
The surplus (shortfall) of the initial reserve with respect to the re-estimated (gross) fi nal cost for each year represents, for a given year N, the difference between the amount shown in the second line (gross reserves for unpaid claims and claims expenses developed in 2010 adjusted for changes in exchange rates and ...
68
annual_report
LloydsBankingGroupPLC-AR_2009
7,204
Total comprehensive income comprises only the profi t for the year; no income statement has been shown for the parent company, as permitted by section 408 of the Companies Act 2006.
31
annual_report
PhoenixGroupHoldingsPLC-AR_2012
2,129
PGH (MC2) Limited (finance company) UK Ordinary shares of £1 and Preference shares of £1
15
annual_report
AssicurazioniGeneraliSpA-AR_2014
3,173
Actuarial gains or losses arising from defined benefit plans 240 -38 3. Fair value measurement
15
annual_report
2026
1,851
The Company waives deduction of deferred fractional premiums upon death of insured and returns any portion of the final premium beyond the date of death. Surrender values promised in excess of the legally computed reserves totaled $43.9 million at December 31, 2002.
42
10K
3683
1,363
The Company held 103 fixed maturity securities and six equity securities, each with a gross unrealized loss at December 31, 2008 of greater than $10 million. These 103 fixed maturity securities represented 29%, or $1,758 million in the aggregate, of the gross unrealized loss on fixed maturity securities. These six equi...
267
10K
GjensidigeForsikringASA-AR_2016
2,954
Binding guidelines for shares, subscription rights etc. for the upcoming financial year Of the variable pay earned in 2016 by the CEO and other employees covered by the Regulations relating to remuneration in financial institutions, 50 per cent of the gross earned variable pay will be given in the form of a promise of ...
74
annual_report
fr_axa-AR_2012
6,503
The tables below break down (i) in the fi rst part the maturity by which the Group expects to use the DTA accounted at year end and the corresponding tax losses carried forward, (ii) in the second part, the “expiration date” of the DTA, i.e. the latest date at which the Group could use them.
55
annual_report
de_allianz-AR_2011
2,711
Provisions pensions and similar obligations 3,754 3,925 employee related 1,901 1,887 share-based compensation plans 792 1,099 restructuring plans 280 409 loan commitments 24 7 Contingent losses from non-insurance business 374 155 other provisions 1,430 1,564
35
annual_report
5410
648
Income from operations for the year ended December 31, 2016 was $551 million, compared to $765 million for the pro forma year ended December 31, 2015, a decrease of $214 million. The decrease was primarily due to increases in transaction and integration expenses of $147 million and restructuring costs of $67 million.
52
10K
gb_lloyds_banking_grp-AR_2016
2,537
For both categories, all decisions regarding an individual’s eligibility and any amounts payable under the scheme rest solely with the government. Payments are made directly to the Group by the Department of Work and Pensions. The Group estimates that customers representing approximately £1.8 billion of its mortgage ex...
63
annual_report
5511
3,044
The information required by the following Items will be included in AFG’s definitive Proxy Statement for the 2019 Annual Meeting of Shareholders, which will be filed with the Securities and Exchange Commission within 120 days after the end of the Registrant’s fiscal year and is incorporated herein by reference.
49
10K
4435
842
The decrease in net unrealized gains in 2011 compared to 2010 was primarily the result of sales of common stock during 2011 resulting in realizing gains, which were previously unrealized.
30
10K
NatixisSA-AR_2017
8,951
In terms of urgent courier services in the Paris region, the Real Estate and Logistics Department has suggested using bike couriers for distances under 3 km. In 2017, 33% of courier services were provided by bike couriers, representing a total distance of over 4,000 km traveled.
46
annual_report
NatwestGroupPLC-AR_2017
3,534
RBS also continued with its simplification and cost reduction programmes during 2017.
12
annual_report
4896
697
The largest component of excess investment income is net investment income, as adjusted for the segment analysis, which rose 3% to $758 million in 2014. It increased 3% to $735 million in 2013 from $716 million in 2012. The inclusion of Family Heritage, acquired in late 2012, added $21 million of net investment income ...
231
10K
2387
1,565
Reunderwriting Our Homeowners Business in Selected States - During 2003, we reviewed and updated our policyholder information in several states to verify we had accurate information concerning their property. This helped us ensure we were charging the appropriate premium for the risk involved.
43
10K
GjensidigeForsikringASA-AR_2017
2,231
Total net income and gains/(losses) from financial liabilities at amortised cost (41.9) (37.9)
13
annual_report
NNGroupNV-AR_2017
993
Agility and adaptive leadership Managing an agile organisation requires a way of thinking and leading people that facilitates change. Therefore we are developing a ‘train the trainer’ programme for all senior leaders, focused on nurturing an adaptive style of leadership. Its emphasis is not only on solving present issu...
80
annual_report
BaloiseHoldingLtd-AR_2007
2,704
Within the scope of the Group-wide Risk Management Standards of the Baloise Group, investment planning and suitable asset liability management are used to control divergences in the maturity periods; and thereby the interest rate risk in consideration of the available risk capacity.
42
annual_report
de_allianz-AR_2011
1,576
the capital management framework is supplemented by an effective liquidity management framework, which is designed to retain our financial flexibility by maintaining a strong liquidity position and access to a range of capital markets. 1
35
annual_report
5341
1,175
Loss on reinsurance transaction of $75.4 million in 2016 resulted from the termination of the reinsurance agreements with BRe and recapture of the ceded business as further described in "Consolidated Financial Condition - Termination of Long-Term Care Reinsurance Agreements and Recapture of Related Long-Term Care Busin...
48
10K
gb_prudential-AR_2014
3,663
Perpetual Subordinated Capital Securities (Innovative Tier 1) note (i) 1,789 2,133
11
annual_report
fr_axa-AR_2013
3,604
It must allow the Company to address its obligations during the benefi ciaries’ entire retirement.
15
annual_report
5110
818
On January 18, 2006, U.A.I. (Luxembourg) Investment S.à.r.l. loaned $6.0 million to United America Indemnity, Ltd. The loan was used to pay operating expenses that arise in the normal course of business. The loan is a demand loan and bears interest at 4.38%. At December 31, 2015, there was $1.0 million outstanding on t...
77
10K
PhoenixGroupHoldingsPLC-AR_2017
1,653
Not applicable 9 Parent participation in any placing of a subsidiary
11
annual_report
NatixisSA-AR_2013
5,267
Net gains or losses on available-for-sale fi nancial assets 362 362
11
annual_report
nl_ing_grp-AR_2015
1,572
The composition of the Board is currently as follows: Sebastian Kortmann, chairman of the Board, Rob van den Bergh, Allard Metzelaar, and Wim van Vonno, who was reappointed as of 1 July 2015.
33
annual_report
AvivaPLC-AR_2019
1,259
In May 2017, the Board adopted a Diversity and Inclusion statement which supports the Committee in its approach to succession planning. The Board’s Diversity and Inclusion statement, which is in line with the overall Group Diversity and Inclusion strategy, is available on the Company’s website at www.aviva.com/corporat...
47
annual_report
4464
469
Premiums earned from other multi-line property and casualty business included $2.9 billion in 2011, $2.4 billion in 2010 and $2.8 billion in 2009 from the Swiss Re 20% quota-share contract. Underwriting results of our other multi-line property/casualty business can be significantly impacted by the timing and magnitude ...
144
10K
NatwestGroupPLC-AR_2020
2,118
Allocation from the pool depends on performance of the business area and the individual.
14
annual_report
HiscoxLtd-AR_2006
1,253
rh=~åÇ=bìêçéÉ QIRSN OPM Ó QITVN RIMNO OISVS Ó TITMU råáíÉÇ=pí~íÉë Ó Ó UNN UNN Ó Ó NNU NNU _ÉêãìÇ~ Ó Ó PQU PQU Ó Ó OTM OTM oÉëí=çÑ=tçêäÇ Ó Ó Ó Ó Ó Ó Ó Ó
36
annual_report
StandardLifeAberdeenPLC-AR_2020
854
The framework is formally documented in the Board Charter which also sets out the Board’s relationship with the boards of the key subsidiaries in the Group. In particular, it specifies the matters which these subsidiaries refer to the Board or to a Committee of the Board for approval or consultation.
50
annual_report
3244
3,498
· incurred loss and loss adjustment expenses and the adequacy of its loss and loss adjustment expense reserves and related reinsurance;
21
10K
SwissReAG-AR_2012
333
Luis Videgaray Caso, Mexico’s Minister of Finance, comments: “The Mexican government is very committed to its disaster risk financing strategy, of which MultiCat is a very important element. These financial instruments are essential to managing the fiscal contingencies that stem from natural disasters.”
43
annual_report
5212
1,213
The chief operating decision maker uses two measures to evaluate segment performance: revenue and gross profit. Additionally, other operating expenses, such as sales and marketing expenses, are allocated to each segment and evaluated when material. Interest and other expenses and income taxes are not allocated to the s...
72
10K
3657
536
In calculating the payments above, BNLAC used models of the business created for statutory asset adequacy analysis. The modeled life block was assumed to surrender for its reserve at the end of 20 years. Health blocks tested were projected using approximate means beyond 20 years. Payments on blocks not initially modele...
304
10K
5921
441
Our reserving philosophy is to reserve claims to their ultimate expected loss amount as soon as practicable after information about a claim becomes available. This approach tends to produce, on average, cautiously pessimistic case reserves, which we expect to result in some level of favorable development over the cours...
51
10K
267
191
In December 1995, a judgment was awarded against a wholly owned subsidiary of the Company in the amount of $5,156,022. This amount was reported in the other expense line item in the accompanying consolidated statements of income.
37
10K
4086
1,399
In connection with the 2005 distribution of FNT stock by Old FNF, we established the FNT 2005 Omnibus Incentive Plan (the “Omnibus Plan”) authorizing the issuance of up to 8 million shares of common
34
10K
5877
483
We assessed the consistency by which management has applied significant unobservable valuation assumptions.
13
10K
fr_axa-AR_2002
1,828
– Loss reserve adjustment on prior years were recorded in 2002 (€–416 million), i.e. €507 million worse than in 2001, mainly due to unfavorable development of claims such as September 11 events claim (€–143 million net of reinsurance and gross of tax) and to extensive reserving review performed in 2002.
50
annual_report
731
1,290
The Company leases approximately 244,000 square feet of office space throughout the United States ("U.S.") and three suites in the London Underwriting Centre in the United Kingdom ("U.K."). The Company's major leasehold obligation relates to its corporate office located in Deerfield, Illinois. The Deerfield, Illinois o...
122
10K