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StorebrandASA-AR_2009
3,422
Percentage of tel. calls answered within 20 sec. (customer centre) 73% 80% 66% Dropped
14
annual_report
2149
861
Life and annuity premiums from long duration contracts that transfer significant mortality or morbidity risks are recognized as revenue and earned when due from policyholders. Life and annuity premiums from long duration contracts that do not subject the Company to risks arising from policyholder mortality or morbidity...
53
10K
NatwestGroupPLC-AR_2019
3,099
FVOCI reserves (56) 55 (227) 210 Cash flow hedge reserves (153) 155 (597) 638 Total (209) 210 (824) 848
19
annual_report
5892
943
On October 5, 2020, National filed a motion seeking entry of an order directing an investigation into whether certain hedge funds violated the Court’s orders by trading in the debtors’ securities, including GO bonds and PBA bonds, during the Title III mediation process. On October 28, 2020, the Court heard argument and...
55
10K
de_allianz-AR_2019
3,474
LIABILITIES TO BANKS AND CUSTOMERS Level 1 mainly consists of highly liquid liabilities, e.g. payables on demand. The fair value for liabilities in level 2 and level 3 is mainly derived based on the income approach, using future cash flows discounted with risk-specific interest rates. Main non-market observable inputs ...
58
annual_report
RSAInsuranceGroupPLC-AR_2006
324
This includes the Board Risk Committee, supported by the Group Risk functions, and a Group wide network of regional risk committees,
21
annual_report
4268
473
This report reviews the Company’s financial condition and results of operations, and historical information is presented and discussed. Where appropriate, factors that may affect future financial performance are also identified and discussed. Certain statements made in this report include “forward-looking statements” t...
99
10K
NatwestGroupPLC-AR_2012
2,097
UK Corporate 104,593 127,070 82 22,477 Wealth 16,965 38,910 44 21,945 International Banking (4) 39,500 46,172 86 6,672 Ulster Bank 28,742 22,059 130 (6,683)
24
annual_report
5578
793
We expect to have sufficient liquidity to meet the obligations discussed above, based on the cash currently available to the parent and current projections for subsidiary dividends and cash flows from the newly acquired Express Scripts operations. In addition, we actively monitor our debt obligations and engage in issu...
61
10K
TopdanmarkAS-AR_2019
1,110
Shareholders' equity Revaluation reserves Gains on the revaluation of owner-occupied properties are transferred to the revaluation reserves net of corporation tax. The reserve will be dissolved if the revaluation is reversed or if the property is sold.
37
annual_report
fr_axa-AR_2012
1,236
(+93%) on a comparable basis to €141 million: ■ mature markets increased by €62 million, mainly driven by a higher GMxB margin (€+44 million) mainly due to improved basis risk and higher surrenders, as well as a higher mortality margin (€+26 million) driven by better claims experience in
48
annual_report
5313
670
The Company's Federal income tax returns are periodically audited by the Internal Revenue Service ("IRS"). There are currently no examinations in process, nor is Management aware of any pending examination by the IRS. The Company follows the accounting guidance for uncertainty in income taxes using the provisions of Fi...
189
10K
AegonNV-AR_2010
1,469
Vereniging AEGON has voluntarily waived its right to cast 25/12 votes per preferred share, except in the event of a “special cause” These “special causes” may include: � The acquisition by a third party of an interest in
38
annual_report
3663
700
Depreciation and amortization expenses for 2007 increased $6.9 million, or 156.0%, compared with 2006. Depreciation expense increased by $2.5 million and amortization expense increased by $4.4 million for 2007, primarily as a result of the acquisition accounting for USAgencies. The USAgencies-related costs consisted of...
64
10K
4224
780
Goodwill represents the excess of the purchase price over the fair value of identifiable net assets acquired in business acquisitions. We evaluate goodwill for impairment at least annually. Evaluating goodwill for impairment involves a two-step process. The first step is to estimate the fair value of the reporting unit...
204
10K
RaiffeisenBankInternationalAG-AR_2010
629
Increase in tier 1 ratio to 9.7 per cent Regulatory own funds rose by 5 per cent year-on-year to € 12,608 million. In addition to the described changes in equity, resulting in a 10 per cent increase in core capital (tier 1), additional own funds (tier 2, down 1 per cent) and short-term additional own funds (tier 3, dow...
146
annual_report
PosteItalianeSpA-AR_2018
4,536
Effects of first-time adoption of IFRS 9 and IFRS 15 (483) -
12
annual_report
PosteItalianeSpA-AR_2020
10,965
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence applicable in Italy, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence and, where applicable, related s...
48
annual_report
3947
1,351
Investing is a primary source of liquidity for both the parent company and our insurance subsidiary operations. For both, cash in excess of operating requirements is invested in fixed-maturity and equity securities. Equity securities provide the potential for future increases in dividend income and for appreciation. In...
62
10K
StandardLifeAberdeenPLC-AR_2018
1,720
Strategic 2.5%  Strong progress being made to becoming a world-class investment company with the execution of the sale of the UK and European insurance business to Phoenix
28
annual_report
PosteItalianeSpA-AR_2019
867
posteitaliane.it climbs the European rankings In the Webranking Europe 2019-2020, Poste Italiane is in ninth position, advancing eight steps from the 2018 ranking. Within the Top Ten, the portal www.posteitaliane.it ranks second overall in financial/insurance.
35
annual_report
NatwestGroupPLC-AR_2007
4,733
Approximate weighted average interest rate at year end 5.5% 5.0% 4.2%
11
annual_report
TopdanmarkAS-AR_2015
571
Cancellation of own shares (10) 10 0 Share buy-back (1,667) (1,667) Sale of own shares 16 16 Issue of share options 10 10 Exercise of share options 50 50
29
annual_report
5738
1,453
During the second quarter of 2019, the Company recorded an adjustment related to prior periods to correct an error pertaining to the deferred policy acquisitions costs (“DAC”) tax reimbursements paid under reinsurance agreements the Company entered in previous years. The adjustment resulted in an $8.96 million increase...
114
10K
StandardLifeAberdeenPLC-AR_2013
134
At the time of publishing this report (February 2014), we believe a number of material issues remain uncertain. These include: • The currency that an independent Scotland would use • Whether agreement and ratification of an independent Scotland’s membership to the European Union would be achieved by the target date (cu...
95
annual_report
RSAInsuranceGroupPLC-AR_2020
1,910
The effect of these matters is that, as part of our risk assessment, we determined that the recoverable amount of deferred tax assets has a high degree of estimation uncertainty, with a potential range of reasonable outcomes greater than our materiality for the financial statements as a whole. The financial statements ...
60
annual_report
AvivaPLC-AR_2004
1,304
The Group has hedged its exposure to the sale proceeds of US$450 million through the purchase of foreign currency forward contracts.
21
annual_report
4221
5,423
The Company initially estimates the fair value of investments in certain limited partnerships by reference to the transaction price. Subsequently, the Company generally obtains the fair value of these investments from net asset value information provided by the general partner or manager of the investments, the financi...
120
10K
3584
2,624
All of our regulated insurance entities are in excess of their minimum regulatory capital requirements as of December 31, 2007. See Note 20 “Statutory Requirements and Dividend Restrictions” in the Notes to Consolidated Financial Statements for further details.
38
10K
ScorSE-AR_2009
468
The second version of the strategic plan, "Dynamic Lift V2”, was presented on 4 September 2007 and is based on the results of the analyses of Converium’s portfolios made possible since 8 August 2007. The acquisition and integration of Converium aimed to deliver the following objectives over the following 3 years: to se...
94
annual_report
CNPAssurancesSA-AR_2000
1,343
Net investment income (excluding mark-to-market adjustments to assets held to cover linked liabilities) is broken down by business segment between (a) income generated by the investment of funds corresponding to technical reserves, which is included in the technical account, and (b) income generated by the investment o...
59
annual_report
fr_axa-AR_2016
4,180
In order to give the Chief Executive Offi cer a stake in long-term value creation, these LTIs represent an important part of his compensation. Therefore, the value of the allocated LTIs is determined in order to position the Chief Executive Offi cer’s overall compensation (in cash and in shares) between the median and ...
59
annual_report
3413
1,007
Property and equipment are carried at cost less accumulated depreciation calculated on the straight-line basis. Property is depreciated over useful lives generally ranging from five to forty years. Equipment is depreciated over three to ten years.
36
10K
NatixisSA-AR_2010
2,598
Net revenues were €800 million in 2010, double 2009’s fi gure, thanks to the appreciable improvement in the claim rate and increased business. The ratio of credit insurance claims to premiums was 53.1% for the year, compared with 97.7% last year.
41
annual_report
Sampoplc-AR_2015
2,984
The pension benefits referred to are old-age pension and survivors’ pension in Sweden and old-age pension, survivors’ pension and disability pension in Norway. A common feature of all of the pension plans is that the employees and survivors encompassed by the plans are entitled to a guaranteed pension that depends on t...
94
annual_report
2068
487
Bryan Speck, individually, and on behalf of others similarly situated v. 21st - ----------------------------------------------------------------------------- Century Insurance Company, 21st Century Casualty Company, and 21st Century - -------------------------------------------------------------------------- Insurance ...
138
10K
5019
1,613
Commission and other acquisition expenses represent the costs of writing business that vary with, and are primarily related to, the production of insurance and reinsurance business. Policy and contract commission and other acquisition expenses, including assumed commissions and other direct operating expenses that are ...
101
10K
5810
1,301
(1) Relates to the acquisitions of: a) Wells Fargo Institutional Retirement & Trust business consolidated within our Retirement and Income Solutions segment; b) a consolidating interest in Finisterre Capital LLP within our Principal Global Investors segment for which we previously held an equity method interest; c) mea...
61
10K
2177
749
Dan O’Dell, individually and on behalf of others similarly situated v. Mercury Insurance Company, Mercury General Corporation (Los Angeles Superior Court), filed July 12, 2002, involves a dispute over whether Mercury’s use of certain automated database vendors to help determine the value of total loss claims is proper....
90
10K
3464
6,869
In 2005, NATL, a majority-owned subsidiary that specializes in property and casualty insurance for the passenger transportation industry, issued 3,350,000 shares of its common stock in an initial public offering. A portion of the $40.4 million of net proceeds from this offering was used to repay NATL's $15 million prom...
76
10K
4722
1,985
The following table details additional information on those assets as of December 31, 2013 and 2012:
16
10K
Sampoplc-AR_2019
969
In preparing the notes to the consolidated financial statements, attention has also been paid to the Finnish accounting and company legislation and applicable regulatory requirements.
25
annual_report
PowszechnyZakladUbezpieczenSA-AR_2015
1,236
Within particular items of the operating result, PZU Group recorded: • an increase in the gross written premium to the level of
22
annual_report
5531
673
Net income before provision for income tax was $42.9 million ($37.9 million net of income tax), an increase of $91.9 million (decrease of $13.9 million net of income tax) from a loss before provision for income tax of $48.9 million (net income of $51.8 million, net of income tax) in the prior period.
53
10K
2676
748
Membership fees receivable Our Membership fees receivable consists of amounts due from members for services provided pursuant to their Membership contract. Membership fees are principally collected on a monthly basis. Membership fees receivable is a result of a portion of members, mostly group members, who pay their Me...
104
10K
3
781
by assets. The primary products marketed by the Company are its
11
10K
5696
915
The National Association of Insurance Commissioners (NAIC) has developed Property/Casualty Risk-Based Capital (RBC) standards that relate an insurer’s reported statutory surplus to the risks inherent in its overall operations. The RBC formula uses the statutory annual statement to calculate the minimum indicated capita...
142
10K
965
252
Investable assets comprise approximately 86% of the Company's total assets. Of the total investments, 88% are invested in fixed maturities, 6.9% in equity securities and the remaining in cash and cash equivalents.
32
10K
fr_axa-AR_2006
1,233
Extract of the minutes of the Management Board of 06/12/2006 regarding the increase of the share capital (06/19/2006)
18
annual_report
2653
1,588
[1 Estimated life and annuity obligations include death claims, policy surrenders, policyholder dividends, and trail commissions offset by expected future deposits and premiums on in-force contracts. Estimated contractual policyholder obligations are based on mortality and lapse assumptions comparable with Company’s hi...
212
10K
fr_axa-AR_2010
7,257
Sub-total: Equity instruments held directly 9,048 3,316 2,088 1,387 2,477 1,017 1,368 1,325 1,383 23,408
15
annual_report
216
253
The consolidated unrealized appreciation on investments in equity securities at December 31, 1995, before deferred tax effects, consisted of gross gains of $489.5 million and gross losses of $11.9 million.
30
10K
SwissLifeHoldingAG-AR_2013
1,195
Swiss Life – Annual Report 2013 premiums are specified. A contract that qualifies as an insurance contract remains an insurance contract until all rights and obligations are extinguished or expire.
30
annual_report
AvivaPLC-AR_2009
4,392
2.The large increase in required capital in the UK reflects the additional capital locked in following the Reattribution of the Inherited Estate.
22
annual_report
BaloiseHoldingLtd-AR_2002
904
Capitalized goodwill is amortized on a straight line basis over its expected useful life, which may not exceed 20 years. The period over which the goodwill is to be amortized is determined mainly by the future economic benefits expected to flow from the company acquired. These depend, among other things, on the type of...
68
annual_report
nl_ing_grp-AR_2010
3,342
ING Insurance has two different categories of Real Estate exposure on its insurance books. First, ING Insurance owns buildings it occupies. Second, ING Insurance has invested capital in several Real Estate funds and direct Real Estate assets. A decrease in Real Estate prices will cause the value of this capital to decr...
64
annual_report
1277
359
(6)Pro forma effect on basic and diluted earnings per share has been given for the 1997 and 1996 periods presented for the conversion of 1,000 shares of common stock into 114 million shares of Class B Common Stock, which occurred on April 3, 1997, prior to the Company's initial public offering (IPO). For information re...
74
10K
AvivaPLC-AR_2009
1,094
Strategic capital allocation initiatives A number of key strategic initiatives have been delivered in the last quarter of 2009 which have significantly enhanced the Group’s capital position and financial flexibility.
30
annual_report
553
334
LNC's Investment Management segment, conducted through Lincoln National Investments Inc. ("LNI"), reported income from operations of $11.7 million in 1996, compared with $14.7 million in 1995. The decrease was primarily caused by an increase in expenses related to retail mutual fund growth initiatives. This segment's 1...
58
10K
RaiffeisenBankInternationalAG-AR_2020
8,064
Net trading income comprises the trading margins resulting from the foreign exchange business, results due to foreign exchange revaluations and all realized and unrealized gains and losses from financial assets and liabilities at fair value.
35
annual_report
fr_axa-AR_2001
4,735
Reclassification of fixed maturity and equity investments. Under the transition rules of FAS 133, AXA
15
annual_report
NatwestGroupPLC-AR_2011
3,884
At 31 December 2011, the Group’s trade creditors represented 27 days (2010 - 29 days) of amounts invoiced by suppliers.
20
annual_report
5942
1,686
Certain amounts in the prior years’ consolidated financial statements and related footnotes thereto have been reclassified to conform with the current year presentation as may be discussed when applicable in the Notes to the Consolidated Financial Statements.
37
10K
TrygAS-AR_2003
363
The Tryg Vesta Group made a great effort in 2003 to establish competency development for managers and employees. The Group also made its vision of being an inclusive workplace very visible and tangible by setting up dedicated integration training for persons with an ethnic background.
45
annual_report
2625
779
The consolidated financial statements include amounts based on informed estimates and judgments of management for those transactions that are not yet complete. Such estimates and judgments affect the reported amounts in the financial statements. Those estimates and judgments that were most critical to the preparation o...
140
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2017
1,252
Securitisation vehicles Munich Re invests in debt securities that are issued by securitisation vehicles which are not set up by Munich Re. Munich Re also uses securitisation vehicles to issue catastrophe bonds, and it also invests in third-party catastrophe bonds. Securitisation vehicles are self-financed by issuing se...
47
annual_report
4242
1,567
Patient service revenues increased 7.8% year over year primarily as a result of a 5.7% increase in patient revenues per adjusted discharge and a 1.9% increase in adjusted discharges. Total outpatient volumes increased year over year, including a 3.0% and 4.1% increase in emergency room visits and outpatient surgeries, ...
138
10K
SwissReAG-AR_2020
3,112
Low-medium property insurance impact: no sudden/unprecedented events (adaptation!). Localised effects in coastal and flooding zones
15
annual_report
5181
693
Selected financial information illustrating the incremental impact of Alliance United on the Property & Casualty Insurance segment’s premiums, incurred losses and LAE and insurance expenses since the date of acquisition through December 31, 2015 is presented below.
37
10K
PowszechnyZakladUbezpieczenSA-AR_2020
2,585
Supervisory Board’s powers The Supervisory Board exercises permanent supervision over the Company’s operations in all areas of its activity. The powers of the Supervisory Board include: The Supervisory Board exercises permanent supervision over the Company’s operations in all areas of its activity. The powers of the Su...
57
annual_report
5034
1,462
Professional - increase of 5.8% mainly attributable to increases in renewals and new business in international professional due to new underwriting teams in place during the year, as well as increased renewals in select professional and U.S. professional business lines, partially offset by a decrease in rates primarily...
54
10K
5958
4,077
When derivatives meet specific criteria, they may be designated as accounting hedges and accounted for as fair value, cash flow, foreign currency fair value or foreign currency cash flow hedges. The hedged item may be either all or a specific portion of a recognized asset, liability or an unrecognized firm commitment a...
189
10K
2277
304
7676 Hazard Center Drive Ste. 625 Mortgage Sales Leased (6) 1,300 San Diego, California
14
10K
RSAInsuranceGroupPLC-AR_2018
3,265
Total credited/(charged) to other comprehensive income 52 20 (45) (3) 7 17
12
annual_report
4468
1,077
The income taxes recoverable of $8.1 million and $18.0 million at December 31, 2011 and December 31, 2010, respectively, primarily relate to tax receivables of the Company's Canadian operations.
29
10K
3722
508
The following table sets forth selected financial information. The selected financial information as of December 31, 2008 and 2007, and for the years ended December 31, 2008, 2007 and 2006 has been derived from our consolidated financial statements, which have been audited by KPMG LLP and are included in “Item 8 - Fina...
69
10K
165
255
The number of years a policy has been in effect. Claims costs tend to be higher on policies which have been in force for a longer period of time. As the policy ages, it is more likely that the insured will have need for services covered by the policy. On the other hand, the longer the policy is in effect, the more prem...
67
10K
AegonNV-AR_2016
6,788
Distributions paid in currency other than US dollars (a ‘foreign currency’), including the amount of any withholding tax thereon, must be included in the gross income of a US holder in an amount equal to the US dollar value of the foreign currency calculated by reference to the exchange rate in effect on the date of re...
70
annual_report
INGGroepNV-AR_2020
3,282
Board until the appointment of a successor to ING’s former CRO Steven van Rijswijk.
14
annual_report
AvivaPLC-AR_2013
1,370
Directors’ and Corporate governance report continued regularly held private sessions to discuss issues to be raised with management in the main meeting, and met separately with senior management, and with the CAO and the external auditor without management present. The committee chairman held regular meetings with mana...
132
annual_report
5046
746
In January 2014, the Financial Accounting Standards Board (“FASB”) issued guidance which allows entities that invest in certain qualified affordable housing projects through limited liability entities the option to account for these investments using the proportional amortization method if certain conditions are met. U...
109
10K
4684
871
Long-term debt outstanding was $12.0 million at December 31, 2013 and December 31, 2012.
14
10K
2788
3,992
The Company had net realized and unrealized gains of $2.4 million in 2004 compared to $.3 million in 2003, for an increase in realized and unrealized gains of $2.1 million. Decisions to sell securities are based on cash flow needs, investment opportunities and economic and market conditions, thus creating fluctuations ...
58
10K
4983
617
Consolidated investment income, net of related expenses, increased $13.8 million, or 0.8%, and $263.7 million, or 18.4%, in 2014 and 2013, respectively. Market value changes related to the Company’s funds withheld at interest investment associated with the reinsurance of certain EIAs offset the increase in investment i...
254
10K
gb_lloyds_banking_grp-AR_2000
732
In our opinion the financial statements give a true and fair view of the state of affairs of the Company and the Group as at 31 December 2000 and of the profit and cash flows of the
37
annual_report
NatwestGroupPLC-AR_2009
609
If your car gets bumped, you need to know you can rely on your insurer and you want to know that the repair job will be done as well as possible. In June, RBS Insurance introduced PAS 125 Kite Mark to all 16 of our repair centres. PAS 125 is a standard of quality for vehicle body repair and it carries the Kite Mark sym...
120
annual_report
AegonNV-AR_2018
4,901
The movements in the provision for doubtful debts during the year were as follows: Additions charged to earnings (7) (6)
20
annual_report
ch_zurich_insurance_group-AR_2018
2,277
b) Fair value measurement In determining the fair values of investments in debt and equity instruments traded on exchanges and in over-thecounter (OTC) markets, the Group makes extensive use of independent, reliable and reputable third party pricing providers and only in rare cases places reliance on valuations that ar...
53
annual_report
5886
244
In addition, in January 2020 the NAIC finalized a revised Suitability in Annuity Transactions Model Regulation to apply a best interest of the consumer standard on insurance producers’ annuity recommendations and to require that insurers supervise such recommendations. Several state regulators have adopted the revised ...
278
10K
de_allianz-AR_2010
640
The Chairperson of the Supervisory Board receives double, and the Deputy Chairperson receives oneand -a-half times the basic remuneration of a regular member of the Supervisory Board.
27
annual_report
3670
2,510
As a result of the application of derivative accounting rules under SFAS 133, the contract is treated as an asset and measured at the directors’ estimate of its fair value. Changes in the estimated fair value from time to time will be included in the consolidated statement of operations. The contract is for a maximum o...
124
10K
3577
3,805
SFAS 159 is effective as of the beginning of an entity’s first fiscal year that begins after November 15, 2007. Early adoption is permitted as of the beginning of the previous fiscal year provided that the entity makes that choice within the first 120 days of that fiscal year and also elects to apply the provisions of ...
162
10K
4171
1,115
Successful risk management is the foundation of the Company’s value proposition, with diversification of risks at the core of its risk management strategy. The Company’s ability to succeed in the risk assumption and management business is dependent on its ability to accurately analyze and quantify risk, to understand v...
102
10K
4421
1,039
performance-based restricted stock units were granted pursuant to the terms of our 2006 Plan. Shares earned and eligible to vest will vest one-third annually in 2012, 2013 and 2014.
29
10K
5556
1,095
(1) Excludes embedded derivatives and associated reinsurance recoverables which contain multiple underlying risks.
13
10K
5594
3,187
Current period amounts include one additional month of activity related to the elimination of Gibraltar Life’s reporting lag.
18
10K
de_allianz-AR_2015
861
In Credit Insurance, gross premiums decreased by 0.1 % and were at € 2,241 MN. Negative price effects after experiencing a low claims environment in some of our mature markets were largely offset by positive volume effects in Asia and Italy.
41
annual_report
AegonNV-AR_2002
1,129
15 TECHNICAL PROVISIONS WITH INVESTMENTS FOR THE ACCOUNT OF POLICYHOLDERS Exchange
11
annual_report
Sampoplc-AR_2009
1,955
Danske Invest Emerging Asia Kasvu Finland 1,820,318 48 Danske Invest Emerging Markets Debt Kasvu Finland 15,226,632 26 Danske Invest European Opportunities Kasvu Finland 19,375,369 16 Danske Invest High Yield Kasvu Finland 112,728,951 131 Danske Invest Japani Osake Kasvu Finland 403,618,921 36 Danske Invest Trans-Balka...
54
annual_report
RaiffeisenBankInternationalAG-AR_2008
696
Equity tors were dividend distributions to outside share-holders of Group units in the amount of € 47 million and currency diff erences of minus € 16 million.
27
annual_report