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4230
3,809
The pension and postretirement expected long-term rates of return on plan assets for 2010 were determined based upon an approach that considered an expectation of the allocation of plan assets during the measurement period of 2010. Expected returns are estimated by asset class as noted in the discussion of investment p...
134
10K
1803
343
Statutory Combined Ratio: Loss and LAE ratio.................. 82.74% 91.65% 78.73% 71.03% 72.24% Underwriting expense ratio.......... 24.18 28.30 32.48 28.92 29.56 Policyholders dividends............. 1.39 .34 ------ ------ ------ ----- ------ Combined ratio...................... 108.31% 120.29% 111.21% 99.95% 101.80%...
41
10K
5816
534
The Company has two unconsolidated Connecticut statutory business trusts, which exist for the exclusive purposes of: (i) issuing trust preferred securities (“Trust Preferred Securities”) representing undivided beneficial interests in the assets of the trusts; (ii) investing the gross proceeds of the Trust Preferred Sec...
76
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014
208
Pursuant to rule 7.5 of the rules of procedure, the Conference Committee for the Supervisory Board did not need to be convened in 2014.
24
annual_report
3180
592
in income before income taxes of $262,000. Prior to January 1, 2006, DB Indemnity results were presented and discussed in the brokerage segment. For the year ended December 31, 2006, DB Indemnity incurred $260,000 in claims or loss expense. No claims or loss expense was incurred prior to 2006. DB Indemnity’s reserve fo...
245
10K
3045
1,194
We purchased a one-year, nonrenewable, aggregate reinsurance policy for calendar year 2006 to mitigate the risks associated with our new PDP product by complementing the risk corridor protection and catastrophic coverage provided by CMS under the Medicare Part D program. The terms of this aggregate reinsurance policy r...
231
10K
AegonNV-AR_2018
6,429
21 Events after the reporting period On January 8, 2019, Aegon announced the completion of the sale of its businesses in Czech Republic and Slovakia. The businesses consists mainly of unit linked life insurance coverage, term life products and pension services. The proceeds of the sale amount to EUR 155 million and the...
94
annual_report
PosteItalianeSpA-AR_2019
8,430
In particular, the risk in question concerns: � In relation to financial assets measured at fair value through other comprehensive income, fixed income Government bonds for €36,799 million, consisting of fixed income bonds for €14,944 million, floating-rate bonds swapped into fixed income bonds through interest rate sw...
106
annual_report
fr_axa-AR_2018
1,497
The Chief Executive Off icer, the member of the Board representing the employee shareholders and the members of the Board representing the employees (i.e. 4 directors), are by definition not independent.
31
annual_report
801
51
Headquartered in San Francisco, West Coast was acquired by Protective on June 3, 1997. For the seven months of 1997 that it was a subsidiary of Protective, the West Coast Division had pretax operating earnings of $8.2 million.
38
10K
4740
847
The troubled debt restructurings did not have a material impact to the Company’s allowance for loan losses or income recognized for the years ended December 31, 2013 and 2012. There are no commitments to lend additional funds to borrowers whose loans have been restructured.
44
10K
2849
920
Underwriting results of the Company are significantly influenced by the estimates of loss and settlement expense reserves. Changes in reserve estimates are reflected in operating results in the year such changes are recorded. The property and casualty insurance segment experienced favorable development on prior years’ ...
69
10K
StandardLifeAberdeenPLC-AR_2013
3,698
O. Share capital Details of the Company’s share capital are given in Note 28 of the Group financial statements.
19
annual_report
TrygAS-AR_2013
285
December storm as flood claims, but even before this had been determined, Tryg elected to give its customers the best possible service.
22
annual_report
RSAInsuranceGroupPLC-AR_2018
9
We are one of the world’s longest-standing general insurers, providing peace of mind to individuals and protecting businesses from risk for more than 300 years.
25
annual_report
4527
765
Our insurance underwriting business reported on a standalone basis for the years ended December 31, 2012 and 2011 follows:
19
10K
2328
875
In connection with the Acquisition, the Company entered into an agreement with members of its management team to indemnity them for any tax loss they may incur in connection with the purchase of its common stock at the time the Company acquired TBC, due to a determination by the Internal Revenue Service that the value ...
73
10K
NatixisSA-AR_2006
2,755
After net profi t sharing with minority interests of €8 million, net income (Group share) came to €1,199 million, up 10%.
21
annual_report
1542
434
Interest credited to policyholder account balances decreased by 10% to $2,441 million in 1999 from $2,711 million in 1998. This decrease is attributable to reductions of $169 million, or 14%, in Institutional Business, $64 million, or 4%, in Individual Business, and $37 million, or 42%, in International. Group insuranc...
152
10K
1222
596
Net earnings of the insurance companies decreased to $33.8 million in 1998 from $40.6 million in 1997, as a result of a general deterioration in underwriting results.
27
10K
3070
725
(IN MILLIONS) 2006 2005 2004 ------ ------ ------ BALANCE, BEGINNING OF YEAR $3,948 $3,176 $3,202 Disposition of operation (1)(2) (726) -- (238) Impact of adoption of SOP-03-1 (3) -- -- (144) Reinsurance (4) -- -- 40 Acquisition costs deferred 742 766 828 Amortization charged to income (538) (568) (534) Effect of unrea...
71
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006
533
Dr. oec. publ. Wolfgang Strassl (Board member responsible for personnel and welfare matters, within the meaning of Section 33 of the German Co-Determination Act) Life and Health Human Resources
29
annual_report
gb_prudential-AR_2010
4,920
Asian operations 2,149 5,532 7,681 1,462 4,399 5,861 US operations 3,815 984 4,799 3,011 1,111 4,122 UK insurance operations 2,115 3,855 5,970 1,902 3,537 5,439
25
annual_report
LloydsBankingGroupPLC-AR_2013
5,871
For the principal post-retirement healthcare scheme, the latest actuarial valuation of the liability was carried out at 30 June 2008; this valuation has been updated to 31 December 2013 by qualified independent actuaries. The principal assumptions used were as set out above, except that the rate of increase in healthca...
62
annual_report
2446
959
Certain information included in this report and other statements or materials published or to be published by the Company are not historical facts but are forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, new and existing products, ...
240
10K
gb_lloyds_banking_grp-AR_2005
1,673
In some cases it will not be possible to form a view, either because the facts are unclear or because further time is needed to properly assess the merits of the case. No provisions are held against such cases, however the Group does not currently expect the final outcome to have a material effect upon the Group’s fina...
59
annual_report
4525
1,241
On February 1, 2012, the Company’s subsidiary, Chang An Consultants Ltd., declared dividends of approximately $314,103, as a result, the Company paid $125,640 to the non-controlling shareholders.
27
10K
2999
1,060
FNF also has certain license and cost sharing agreements with FIS, for which FNF’s expenses included $1.2 million from October 24 through December 31, 2006.
25
10K
Sampoplc-AR_2000
13
January • Sampo’s subsidiary Industrial Insurance bought the marine insurance portfolio and part of the commercial insurance portfolio of the Swedish company Försäkringsaktiebolaget
23
annual_report
5910
592
The United American Independent Agency consists of non-exclusive independent agencies who may also sell for other companies. The United American Independent Agency was Globe Life's largest health agency in terms of health premium income.
34
10K
NatwestGroupPLC-AR_2018
4,196
Random Properties Acquisition Corp. IV INV DE (21) Skinnarängen KB BF FC (45)
13
annual_report
4288
875
that we consider in deciding when to perform an impairment review include significant negative industry or economic trends or significant changes or planned changes in our use of the assets. We measure the recoverability of assets that will continue to be used in our operations by comparing the carrying value of the as...
177
10K
nl_ing_grp-AR_2015
2,211
In 2015, ING Group has started the Business Model test and identified and described homogeneous portfolios across the business of ING Group. The implementation of the SPPI text will start in 2016.
32
annual_report
2589
1,027
Future policy benefit liabilities for individual and group traditional fixed annuities after annuitization are equal to the present value of expected future payments and premium deficiency reserves. Interest rates used in establishing such liabilities range from 2% to 11%.
39
10K
4927
1,414
Specialty Risk and Extended Warranty. We provide coverage for consumer and commercial goods and custom designed coverages, such as accidental damage plans and payment protection plans offered in connection with the sale of consumer and commercial goods, in the United States and Europe, and certain niche property, casua...
68
10K
ScorSE-AR_2018
3,636
The actual returns on plan assets were EUR (4) million for the year ended December 31, 2018 (2017: EUR 17 million and 2016: EUR 5 million).
26
annual_report
1535
429
American Insurance Management Corporation -- an Indiana corporation that serves as the attorney-in-fact for American Medical Insurance Exchange, an inactive Indiana interinsurance reciprocal exchange.
24
10K
5687
1,648
We have adopted ASC 718, Compensation-Stock Compensation. ASC 718 addresses accounting for share-based awards, including stock options, restricted stock, performance shares and warrants, with compensation expense measured using fair value and recorded over the requisite service or performance period of the award. The f...
141
10K
NatwestGroupPLC-AR_2018
2,831
 RBS continued to reduce and simplify its technology estate through strategic investment and Technology transformation initiatives to limit opportunities for hackers and fraudsters. Improvements in capability were also made to the Security Operations Centre, strengthening controls to prevent data leakage, enhance malw...
52
annual_report
4383
3,051
State laws specify regulatory actions if an insurer’s risk-based capital (“RBC”), a measure of an insurer’s solvency, falls below certain levels. The NAIC has a standard formula for annually assessing RBC. The formula for calculating RBC for life insurance companies takes into account factors relating to insurance, bus...
73
10K
NatixisSA-AR_2012
3,282
Gross operating income amounted to €1,193 million in 2012, down 40% compared to 2011. Excluding the impact of the revaluation of own senior debt and the P3CI deal, gross operating income (excluding GAPC) picked up by 3%. On the same bases, the cost/income ratio was stable at 73%.
48
annual_report
SwissReCorporateSolutions-AR_2016
516
Net income for the financial year 2016 amounted to CHF 176 million, compared to CHF 178 million in the prior year.
21
annual_report
5845
638
NI Holdings had gross deferred income tax assets of $8,603 at December 31, 2020 and $6,294 at December 31, 2019, arising primarily from unearned premiums, loss reserve discounting, and net operating loss carryforwards. A valuation allowance is required to be established for any portion of the deferred income tax asset ...
85
10K
4110
1,693
The Company has automatic treaty capacity of $30.0 million for property risks, $1.0 million/ $2.0 million for liability coverages, $50.0 million for workers’ compensation, $5.0 million for umbrella liability and $100.0 million for equipment breakdown. The Company may offer higher limits through its use of facultative r...
84
10K
StandardLifeAberdeenPLC-AR_2017
1,544
4. Corporate governance statement continued line with the defined accounting policies, were consistent with previous practice and were appropriately disclosed.
20
annual_report
2367
2,137
Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss
12
10K
4323
1,098
The realization of deferred tax assets depends upon the existence of sufficient taxable income within the carryback or carryforward periods under the tax law in the applicable tax jurisdiction. The Company has significant deferred tax assets related to net operating and capital losses. Most of the Company’s exposure re...
148
10K
RSAInsuranceGroupPLC-AR_2011
120
“ We continue to be well placed to deal with current global economic and financial circumstances and drive this company forward.”
21
annual_report
RSAInsuranceGroupPLC-AR_2020
244
But first it is right to recognise the context of 2020, and indeed the start of 2021. COVID-19 has blighted the world in so many ways, from health to economics and beyond. All those badly affected deserve our sincere sympathies and understanding. For our own part, RSA has prioritised sustaining customer service during ...
98
annual_report
de_allianz-AR_2005
382
For a discussion of investment portfolios of our insurance, banking and asset management operations, which we refer to as
19
annual_report
2152
714
CNA is closely managing the cash flows related to claims and reinsurance recoverables from the WTC event. It is anticipated that significant claim payments will be made prior to receipt of the corresponding reinsurance recoverables.
35
10K
RaiffeisenBankInternationalAG-AR_2011
107
CIS Other Retail and corporate customers in Belarus, Kazakhstan and Ukraine
11
annual_report
DirectLineInsuranceGroupPLC-AR_2020
4,010
– To see if the person and firm contacting you are authorised by the FCA, check the Financial Services Register at www.fca.org.uk/register.
22
annual_report
1504
293
Product marketing activities have declined significantly over the last several years and represents less than 1% of total revenues in 2000. The Company expects future product sales and costs will be immaterial.
32
10K
5038
2,490
Under the T-3 contract for the TRICARE North Region, we provide various types of administrative services, including: provider network management, referral management, medical management, disease management, enrollment, customer service, clinical support service, and claims processing. We also provided assistance in the...
94
10K
gb_prudential-AR_2000
613
Shareholders’ Dividends Shareholders’ dividends are accrued in the period to which they relate regardless of when they are declared. Where scrip dividends are issued, the value of such shares, measured as the amount of the cash dividend alternative, is credited to reserves and is transferred from the share premium acco...
50
annual_report
4650
565
Assumed Reinsurance Premiums. The Company estimates the amount of assumed reinsurance premiums that it will receive under treaty reinsurance agreements at the inception of the contracts. These premium estimates are revised as the actual amount of assumed premiums is reported to the Company by the ceding companies. As e...
71
10K
5493
3,552
In May 2017, the FASB issued new guidance on share-based payment awards (ASU 2017-09, Compensation - Stock Compensation (Topic 718) - Scope of Modification Accounting). The new guidance is effective for fiscal years beginning after December 15, 2017 and interim periods within those fiscal years. The new guidance should...
111
10K
NatwestGroupPLC-AR_2012
4,112
• Monitor and review the scope, nature of the work and effectiveness of Internal Audit; and
16
annual_report
INGGroepNV-AR_2017
3,247
Underlying result as presented below is a non-GAAP financial measure and is not a measure of financial performance under IFRS. Because underlying result is not determined in accordance with IFRS, underlying result as presented by ING may not be comparable to other similarly titled measures of performance of other compa...
98
annual_report
ScorSE-AR_2018
5,203
◆ Evaluates the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management in the financial statements.
24
annual_report
AvivaPLC-AR_2000
1,515
We have audited the supplementary information on pages 100 to 105 in respect of the year ended 31 December 2000, which has been prepared in accordance with the achieved profits basis as set out under Methodology and Assumptions and Definitions on pages 103 to 105. The supplementary information should be read in conjunc...
70
annual_report
4045
1,174
On March 13, 2009, Daniel G. Hickey Jr., resigned as the Company’s Chief Executive Officer, Chairman of the Board, and as a director and officer of the Company’s subsidiaries. The Company entered into a separation agreement with Mr. Hickey under which the Company (a) agreed to make cash payments of $3.3 million over th...
135
10K
GjensidigeForsikringASA-AR_2011
855
Capital adequacy The capital adequacy was 15.0 per cent at the end of 2011, compared with
16
annual_report
RaiffeisenBankInternationalAG-AR_2017
841
Other results in the Central Europe segment decreased € 80 million year-on-year to minus € 56 million.
17
annual_report
NatwestGroupPLC-AR_2013
1,924
During the course of 2013 UK Corporate’s Business Banking Enterprise Programme helped over 40,000 entrepreneurs through over 1,000 events. Through its combination of nationwide start-up surgeries, mobile business schools and business academies, the programme offers support and advice to aspiring entrepreneurs, new star...
81
annual_report
3933
1,168
Other underwriting expenses for the years ended December 31, 2008 and 2007 were $23,982,000 and $29,194,000, respectively. The decrease in other underwriting expenses in 2008 as compared with 2007 was primarily due to a decrease in performance based compensation accruals allocated to the segment.
44
10K
2309
611
We, like other insurance companies, are subject to legal and regulatory actions in the ordinary course of our business, including class actions. Our pending legal and regulatory actions include proceedings specific to us and others generally applicable to business practices in the industries in which we operate. Plaint...
113
10K
NatixisSA-AR_2015
5,009
Number of potential dilutive shares resulting from stock option and bonus share plans (b) 1,272,861 2,615,148
16
annual_report
5368
1,373
In May 2017, the FASB issued new guidance to clarify when to account for a change to share-based compensation as a modification. The new guidance requires modification accounting only if there are changes to the fair value, vesting conditions or classification as a liability or equity of the share-based compensation. W...
72
10K
855
705
Deferred tax assets valuation allowance................. 97,585 83,890 92,605 --------- --------- ---------
11
10K
5510
713
A mortgage loan reserve is established and adjusted based on Management's quarterly analysis of the portfolio and any deterioration in value of the underlying property which would reduce the net realizable value of the property below its current carrying value. The mortgage loan reserve was $0 at December 31, 2018 and ...
54
10K
fr_axa-AR_2007
6,342
Guarantee commitments given totaled €5,353 million at the end of 2007, and consisted of: — Guarantee commitments given to credit institutions
21
annual_report
1191
337
At December 31, 1999, we had a tax net operating loss (NOL) carryforward of approximately $16.9 million for federal income tax purposes which expires through 2012. Future changes in ownership, as defined in Section 382 and 383 of the Internal Revenue Code, could limit the amount of NOL carryforwards used in any one yea...
141
10K
1838
428
The actual income tax expense (benefit) differs from the "expected" income tax expense (benefit) for the years ended December 31, 2001, 2000 and 1999 (computed by applying the U.S. federal tax rate of 34 percent to income (loss) before provision for income tax expense (benefit)) as follows:
47
10K
GjensidigeForsikringASA-AR_2013
2,618
Actuarial assumptions The discount rate is based on a yield curve stipulated on the basis of the covered bond yield. The discount rate is based on observed interest approximately ten years ahead. The market’s long-term view of the interest rate level is estimated on the basis of the required real interest rate, inflati...
133
annual_report
2572
3,469
Insurance benefits, claims and reserves increased $23.8 million, reflecting increases of $7.9 million at Madison Life and $15.9 million at Standard Life. Madison Life's increase resulted from: a $2.8 million increase from interest credited on universal life and annuity policies; a $1.6 million increase in the stop-los...
227
10K
SwissLifeHoldingAG-AR_2006
2,076
Swiss Life Group . Financial Statements 2006 . Notes to the Consolidated Financial Statements 26 Income Taxes
17
annual_report
2835
724
In determining the discount rate assumption, the Company utilizes current market information including analysis of the Moody's "Aa" Corporate Bond Index Rate, analysis provided by plan actuaries and independent survey data on similarly positioned companies. As regards to the analysis provided by plan actuaries, a disco...
141
10K
SwissLifeHoldingAG-AR_2010
1,461
asset allocation. The Group’s hedging arrangements are directed at covering its exposure mainly from an economic perspective. The instruments which the Swiss Life Group uses to hedge exposure may not be perfectly correlated to the related assets, so the Group will still be exposed to losses if the value of the hedge an...
65
annual_report
4319
1,284
During 2008, Scottish Re US (“SRUS”) received a statutory accounting permitted practice from the Delaware Department of Insurance (“the Department”) that, in light of decreases in the fair value of the securities in SRUS’s qualifying reserve credit trust accounts on business ceded to certain securitization companies, r...
283
10K
StorebrandASA-AR_2016
2,447
Sale: No further property sales has been agreed on in addiition to the figures that has been finalised and included in the finacial statements as of 31 December 2016.
29
annual_report
3400
612
In the following discussion, segment operating income is defined as income before income tax excluding net realized investment gains and losses (net of the related amortization of deferred policy acquisition costs (“DAC”) and value of business acquired (“VOBA”) and participating income from real estate ventures), and t...
219
10K
1114
171
Disclosures About Market Risk The Company's consolidated balance sheets include a certain amount of assets and liabilities whose fair values are subject to market risk. Due to the Company's significant investment in fixed-maturity investments, interest rate risk represents the largest market risk factor affecting the C...
101
10K
DirectLineInsuranceGroupPLC-AR_2020
1,562
In his report on pages 113 to 139, the Remuneration Committee Chair provides an overview of the Committee’s work in setting an appropriate framework for remuneration of the Executive Directors, Executive Committee and other senior managers as well as the wider workforce to ensure fair pay for all our colleagues.
50
annual_report
5593
1,177
The Company’s limited partnership investments contain withdrawal provisions that generally limit liquidity for a period of thirty days up to one year and in some cases do not permit withdrawals until the termination of the partnership. Typically, withdrawals require advance written notice of up to 90 days.
47
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012
710
The chief reason for these excellent figures was satisfying claims experience overall in our core markets. The performance of disability and long-term care business, which in the previous two years had led to burdens on the result, improved in 2012. The high- volume treaties concluded in recent years also continued to ...
57
annual_report
5527
873
Management utilizes independent actuaries to provide guidance for the establishment of the Company’s liabilities for unpaid claim, claim adjustment expenses, and IBNR. In establishing the ultimate claims liability, actuarial judgment is relied upon in order to make appropriate assumptions to determine a best estimate o...
139
10K
Sampoplc-AR_2018
3,334
Investment activities and market risk taking are arranged pro-actively in such a way that there is virtually no overlap between the wholly-owned subsidiaries’ single-name risks except with regards to Nordic banks where companies have their extra funds in forms of the short-term money market assets and cash. From the as...
84
annual_report
3888
1,049
The Company has not yet completed the process of estimating the fair value of the value of Insurance In Force acquired and Insurance Reserves assumed. The Company expects to complete this process and finalize the allocation of the purchase price by March 31, 2009. Based on the Company’s preliminary allocation of the pu...
67
10K
fr_axa-AR_2005
2,674
The Holding company activities consist of AXA’s nonoperating companies, including mainly AXA parent company, AXA France Assurance, AXA Financial, AXA Asia Pacific Holdings and AXA UK Holdings.
27
annual_report
5320
644
With the loss of control, Till derecognized the assets and liabilities of GPY, the former subsidiary, along with the non-controlling interests, and the cumulative translation amount related to the cumulative foreign exchange adjustments that had been reported in equity. The resulting gain was recognized in 2015.
46
10K
SwissLifeHoldingAG-AR_2020
2,758
On 21 June 2013, Swiss Life Holding issued two tranches of senior bonds totalling CHF 425 million: one CHF 225 million tranche with a tenor of 6 years and coupon of 1.125% p.a. and one CHF 200 million tranche with a tenor of 10 years and coupon of 1.875% p.a. On 21 June 2019, the CHF 225 million tranche matured and was...
63
annual_report
SwissReAG-AR_2015
826
“ Risk management is key to controlled risk-taking that underpins our financial strength.”
13
annual_report
PhoenixGroupHoldingsPLC-AR_2014
67
As the environment for UK open life insurers has become more challenging, we now believe that the market opportunity for Phoenix Group in the UK is more than £300 billion of assets, increased from our previous estimate of £200 billion. This includes closed or quasi-closed life companies in the UK, plus additional legac...
119
annual_report
INGGroepNV-AR_2018
2,538
Hedges of net investments in foreign operations are accounted for in a similar way to cash flow hedges. Any gain or loss on the hedging instrument relating to the effective portion of the hedge is recognised in equity and the gain or loss relating to the ineffective portion is recognised immediately in the statement of...
79
annual_report
4832
2,244
Included within Corporate are certain medium term notes supported primarily by pools of European investment grade credit with varying degrees of leverage. The notes had a fair value of $154.6 million and $194.3 million and an amortized cost of $147.7 million and $194.8 million at December 31, 2013 and December 31, 2012...
85
10K
4463
1,006
(1) Fixed maturities in a gross unrealized loss position for twelve months or longer is primarily comprised of non-credit losses on investment grade securities where management does not intend to sell, and it is more likely than not that the Company will not be forced to sell the security before recovery. The Company h...
65
10K
2331
1,016
It is MBIA’s policy to obtain a shadow rating from both Moody’s Investors Service (Moody’s) and Standard & Poor’s (S&P) for each new transaction prior to the execution of such transactions within the Conduits. A shadow rating is the implied rating for the transaction without giving consideration to the MBIA guarantee. ...
97
10K
NatixisSA-AR_2014
2,580
Other instruments to be reclassifi ed as Additional Tier 1 capital 989
12
annual_report