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3379
2,248
In November 2004, the Company issued $350 million aggregate principal amount of 6.375% Senior Notes due November 2024. The bonds were issued at par and gross proceeds were $350 million. Related expenses of the offering amounted to approximately $2.0 million. Proceeds of these notes, together with proceeds form the issu...
69
10K
5056
2,009
Property and transportation Gross written premiums increased $33 million (7%) in the fourth quarter of 2015 compared to the fourth quarter of 2014 reflecting higher gross written premiums in the transportation and agricultural businesses and new gross written premiums from the Singapore branch, which opened for busines...
126
10K
928
820
WellCare's principal source of revenue is premiums earned from the WellCare HMOs. Other revenue consists principally of interest and rental income. Premiums earned represented 98.8% of the Company's total revenue for the year ended December 31, 1998, and were equal to 1997, after having declined in 1997 by 9.6%. In 199...
71
10K
3972
2,871
An analysis of sales, maturities and principal repayments of the Company's fixed maturities portfolio for the years ended December 31, 2009 and 2008 is as follows:
26
10K
1483
666
The senior debt was through National City Bank (formerly First of America Bank - Illinois NA) and was subject to a credit agreement. The debt was bearing interest at a rate equal to the “base rate” plus nine-sixteenths of one percent. The Base rate was defined as the floating daily, variable rate of interest determined...
101
10K
LloydsBankingGroupPLC-AR_2018
6,768
Carlease Ltd (In liquidation) 1 Cartwright Finance Ltd 2 viii vii # Cashfriday Ltd 9 Cashpoint Ltd 1 Caveminster Ltd 1 CBRail S.A.R.L. 19 Cedar Holdings Ltd 1 Central Mortgage Finance Ltd 12 CF Asset Finance Ltd 2 Chariot Finance Ltd (In liquidation) 13 Chartered Trust (Nominees) Ltd (In liquidation) 13 Charterhall (No...
75
annual_report
3208
2,505
Includes reinstatement premiums related to hurricanes of $73 in 2005 and reinstatement premiums related to hurricanes of $17 in 2004.
20
10K
ch_zurich_insurance_group-AR_2016
1,063
To align with strategic goals set out at the Investor Day.
11
annual_report
184
66
Financial Statements and Supplemental Data _______________________________________________________ Page Number Independent Auditors' Report 33
12
10K
4126
1,695
At December 31, 2009 and 2008, the Company's insurance subsidiaries had $4.46 billion and $4.32 billion, respectively, of securities on deposit at financial institutions in certain states pursuant to the respective states' insurance regulatory requirements. Funds deposited with third parties to be used as collateral to...
101
10K
3514
725
federal government and various states according to government specified reimbursement rates and various contractual terms. Changes in revenues from CMS for our Medicare products resulting from the periodic changes in risk adjustment scores for our membership are recognized when the amounts become determinable and the c...
49
10K
4808
2,818
On December 9, 2012, we entered into a definitive agreement (the Share Purchase Agreement) with Jumbo Acquisition Limited (Jumbo) for the sale of 80.1 percent of the common stock of ILFC for approximately $4.2 billion in cash. We determined ILFC met the criteria for held for sale and discontinued operations accounting ...
139
10K
5012
1,090
The catastrophic coverage begins at $6,680 as compared to $6,455 in 2014.
12
10K
GjensidigeForsikringASA-AR_2016
273
At year-end 2016, the Group had a total of 4,005 employees.
11
annual_report
ch_zurich_insurance_group-AR_2010
3,388
Expense assumptions Management expenses have been analyzed between expenses related to acquisition of new business, the maintenance of in force business and, where appropriate, one-off project costs. Future expense assumptions allow for expected levels of maintenance expenses. In addition, Corporate Center expenses rel...
59
annual_report
2389
392
In July of 2004, we acquired DPSI, since renamed Nationwide TotalFlood. TotalFlood, through a centralized processing center located in Los Angeles, California, is a provider of residential and commercial flood determinations on property throughout the United States. The transaction included payment of $1.7 million in c...
54
10K
2192
521
The remaining potential losses over one year are split between investment and non-investment grade securities. A majority of these losses represent securities that are secured by collateral mitigating any impairment risk. It is not expected that the securities will be settled at a price less than the amortized cost of ...
52
10K
4484
663
withheld at interest, totaled $17.1 billion, $15.3 billion and $13.0 billion in 2011, 2010 and 2009, respectively. The average yield earned on investments, excluding funds withheld at interest, was 5.29%, 5.62% and 5.75% in 2011, 2010 and 2009, respectively. The average yield will vary from year to year depending on a ...
106
10K
PhoenixGroupHoldingsPLC-AR_2012
909
The remuneration of the Non-Executive Directors is a matter for the Chairman and Executive members of the Board and the remuneration of the Non-Executive Chairman is a matter for the Committee and the Board. Fees for both Non-Executive Directors and the Non-Executive Chairman are reviewed from time to time with regard ...
70
annual_report
1851
191
In June 2001, the FASB issued SFAS Nos. 141, “Business Combinations”, and 142, “Goodwill and Other Intangible Assets”. SFAS No. 141 requires that business combinations initiated after June 30, 2001, be accounted for using the purchase method. SFAS No. 142 revises the standards for accounting for acquired goodwill and o...
121
10K
HannoverRueckSE-AR_2010
1,465
Executive Board contract. The reason for this divergence is set out in the following Declaration of Conformity pursuant to § 161 Stock Corporation Act (AktG) regarding compliance with the German Corporate Governance Code. The present and all previous Declarations of Conformity of the company are published on its websit...
50
annual_report
5770
1,220
Adjusted revenues. The increase reflected business growth in the group disability, life and voluntary businesses, partially offset by the continued run-off of international business and lower investment income.
28
10K
5920
670
Motor - The experience in the motor line was adverse by $147.8 million due to higher than expected severity related to a recent assumed loss portfolio transfer transaction. The case reserves were significantly strengthened when we transferred the claims handling to a new third-party administrator with specialist experi...
81
10K
DirectLineInsuranceGroupPLC-AR_2019
3,162
Note: 1. The interest rate swaps relate to the Group’s 10-year designated hedging instrument which exchanges the fixed rate of interest for a floating rate of 3-month LIBOR plus a spread of 706 basis points which was credit value adjusted to 707 basis points with effect from 29 July 2013.
50
annual_report
LloydsBankingGroupPLC-AR_2020
429
New climate pledges for our own operations In 2019 we announced achievement of our 2030 carbon emission reduction goal for our own operations, 11 years early, having reduced carbon emissions by 63 per cent between 2009 and 2019, and exceeding our 60 per cent reduction target. We are now able to announce three new opera...
58
annual_report
3419
1,062
Sales or disposals of fixed maturity and equity securities classified as available-for-sale are as follows:
15
10K
AvivaPLC-AR_2009
1,139
Governance Shareholder information Financial statements IFRS Financial statements MCEV Other information horizon (equivalent to events occurring in 1 out of 200 years) against financial and non-financial tests.
27
annual_report
4620
1,730
Loan to related party: The carrying values reported in the accompanying balance sheets for these financial instruments approximate their fair value. The underlying investments of the loan are generally priced by pricing services. As the significant inputs used to price the underlying investments are observable market i...
64
10K
4917
3,010
A reconciliation of premiums written to premiums earned is shown in the following table.
14
10K
LloydsBankingGroupPLC-AR_2004
1,528
e Acquisition of group undertakings and businesses 2004 2003 £m £m
11
annual_report
de_allianz-AR_2003
826
Total interest cost for senior bonds ¤286.0 mn 2. Subordinated Bonds 6.125 % bond issued by Allianz Finance II B. V., Amsterdam Volume ¤ 2 bn Year of issue 2002 Maturity date 5/31/2022
33
annual_report
RaiffeisenBankInternationalAG-AR_2012
1,226
Raiffeisen SEE Region Holding GmbH, Vienna (AT) 100.0 % 1/1 Start of operations
13
annual_report
4701
656
Universal Insurance Holdings, Inc. (“UIH”) is a Delaware corporation originally incorporated as Universal Heights, Inc. in November 1990. UIH, with its wholly-owned subsidiaries (the “Company”), is a vertically integrated insurance holding company performing all aspects of insurance underwriting, distribution and claim...
143
10K
5329
1,996
In our opinion, the financial statements referred to above present fairly, in all material respects, the consolidated financial position of Federated National Holding Company and subsidiaries at December 31, 2016 and 2015 and the consolidated results of their operations and their cash flows for the years ended December...
93
10K
SwissReAG-AR_1978
274
sidiary companies in New York and London were able to further expand business with a good profit position.
18
annual_report
3460
1,326
For the year ended December 31, 2007, we realized net investment gains of $0.8 million and $36.7 million from the sale of fixed maturity and equity securities, respectively, and $0.6 million and $7.3 million in non-cash realized investment losses for fixed maturity and equity securities, respectively, as a result of ou...
98
10K
4278
2,548
While Enterprise Risk Management has a process to track and manage these limits, from time to time, the estimated loss to natural catastrophes from a single 250-year event prior to reinsurance may fluctuate above or below these limits due to changes in modeled loss estimates, exposures, or statutory surplus. Currently,...
196
10K
AvivaPLC-AR_2009
2,143
Provisions for latent claims are discounted, using rates based on the relevant swap curve, in the relevant currency at the reporting date, having regard to the expected settlement dates of the claims. The discount rate is set at the start of the accounting period with any change in rates between the start and end of th...
113
annual_report
4085
469
A portion of the Company’s Fleet Transportation business is produced by direct sales efforts of Baldwin & Lyons, Inc. employees and, accordingly, this business does not incur commission expense on a consolidated basis. Instead, the expenses of the agency operations, including salaries and bonuses of salesmen, travel ex...
142
10K
AdmiralGroupPLC-AR_2006
69
The second key event was the extension and renegotiation of our partnership with Munich Re. I am pleased to say that we will continue to have a close partnership with Munich Re until at least 2014. This is a partnership that began in 2000 with an agreement for five years. That agreement was re-written in 2002 to go for...
116
annual_report
gb_prudential-AR_2006
2,194
Group Risk Framework and as set out within the section on risk governance on pages 54 to 57, the management of the relevant business unit discusses material issues and risks and includes them, where appropriate, in the regular risk reports to the Group.
43
annual_report
SwissLifeHoldingAG-AR_2009
2,542
Effect of amendment to IAS 40 4 – – – 4
11
annual_report
4447
2,941
The Hartford’s total capitalization increased $2.2 billion, or 8%, from December 31, 2010 to December 31, 2011 due to improvements in AOCI, net of tax, and increases in stockholders’ equity, excluding AOCI. AOCI, net of tax, improved primarily due to improvements in the Company’s net unrealized position on available-fo...
88
10K
1445
296
We maintain an Asset Valuation Reserve (“AVR”) and an Interest Maintenance Reserve (“IMR”), in compliance with regulatory requirements. The AVR and other investment reserves stabilize surplus against fluctuations in the value of stocks and bonds. The IMR defers after-tax realized capital gains and losses that result fr...
101
10K
NatwestGroupPLC-AR_2014
3,359
The original target was for RCR to reduce funded assets by between 55% to 70% by the end of 2015 and by 85% over three years from 1
28
annual_report
3310
915
The amortized cost and estimated fair values of securities with fixed maturities at December 31, 2007 are summarized below by contractual maturity dates. Actual maturities will differ from contractual maturities because issuers of certain of the securities retain early call or prepayment rights. Amounts are in millions...
47
10K
5879
2,144
The following tables present the Company’s financial assets and liabilities measured at fair value by level as of December 31, 2020 and 2019:
23
10K
1811
471
On April 1, 1999, we completed our acquisition of Diversified Pharmaceutical Services, Inc. and Diversified Pharmaceutical Services (Puerto Rico) Inc. (collectively, "DPS"), from SmithKline Beecham Corporation and SmithKline Beecham InterCredit BV (collectively, "SB") for approximately $715 million, which includes a pu...
89
10K
4839
594
Revenues of our other service businesses in 2013 were $9.0 billion, an increase of $821 million (10%) over revenues in 2012. In 2013, revenues of NetJets increased $288 million (7.5%), driven by higher sales of fractional aircraft shares, while TTI’s revenues increased $255 million (11%) over 2012. Revenues of BH Media...
187
10K
AegonNV-AR_2000
25
Dividend yield world life insurers %3 3.6 3.1 2.9 2.1 2.3 2.3 2.3 2.0 1.6 1.9 1.8
17
annual_report
3638
1,508
Prior to 2008, the Company operated through one reportable segment, consisting of Reinsurance. Following a review of its operating segments in 2008, the Company revised its reportable business segments and is currently organized into two reportable business segments: Reinsurance and Insurance. Prior periods have been r...
52
10K
4407
1,688
(1) Carrying value includes $111.8 that is classified as assets held for sale relating to AutoOne.
16
10K
3348
477
Legacy Financial, a discontinued operation, is registered as a broker-dealer with, and is subject to regulation by, the SEC, FINRA, Municipal Securities Rulemaking Board, and various state agencies. This regulation covers matters such as capital requirements, recordkeeping and reporting requirements, and employee-relat...
80
10K
AssicurazioniGeneraliSpA-AR_2014
3,969
GID-Fonds CLAOT 094 EUR 330,312,556 G 11 100.00 Cosmos Lebensversicherungs Aktiengesellschaft 100.00 100.00
13
annual_report
Sampoplc-AR_2011
2,517
The sensitivity of financial assets and liabilites to changes in exchange rates is assessed on business area level due to differenct base currencies. In P&C insurance, 10 percentage point depreciation of all other currencies against SEK would result in an effect recognised in profit/loss of EURm 9 and in an effect reco...
120
annual_report
2231
742
Impairment of Investment Securities. The Company's accounting policy requires that a decline in the value of a security below its amortized cost basis be evaluated to determine if the decline is other than temporary. The primary factors considered in evaluating whether a decline in value for fixed income and equity sec...
288
10K
AssicurazioniGeneraliSpA-AR_2015
123
An innovative agreement was signed on 29 October between the Generali Group and the United Nations’ Abdus Salam International Centre for Theoretical Physics (ICTP) - the world’s leading scientific institution in the research and transfer of knowledge to emerging and developing countries; it is based in Trieste, and ope...
76
annual_report
201
56
In 1995, realized investment gains on the sale of fixed maturity and equity securities of $6.2 million were partially offset by realized investment losses of $4.2 million incurred from sales of mortgage loans and other investments that occurred to maintain proper matching of assets and liabilities. Protective has estab...
82
10K
241
199
Years Ended DECEMBER 31, ------------------------------------------ 1995 1994 1993 ---- ---- ---- (Amounts in thousands) Gross Premiums Written
17
10K
4934
349
The assumed reinsurance payable represents current reinsurance losses payable to the fronting carriers. As of December 31, 2014, the balance was $28,533 compared to $101,809 as of December 31, 2013. This balance fluctuates due to the timing of reported losses.
40
10K
LloydsBankingGroupPLC-AR_2012
6,376
Market risk The risk that unfavourable market moves (including changes in and increased volatility of interest rates, market-implied inflation rates, credit spreads and prices for bonds, foreign exchange rates, equity, property and commodity prices and other instruments) lead to reductions in earnings and/ or value.
45
annual_report
4095
3,782
Other Long-Term Investments-Include limited partnerships which are consolidated because the Company is either deemed to exercise control or considered the primary beneficiary of a variable interest entity. These entities are considered investment companies and follow specialized industry accounting whereby their assets...
107
10K
RSAInsuranceGroupPLC-AR_2009
1,192
At 31 December 2009, the Group had pledged £1,035m (2008: £1,049m) of financial assets as collateral for liabilities or contingent liabilities and had accepted £1,008m (2008: £1,329m) collateral that could be sold or pledged. The nature of the assets pledged as collateral comprises government securities of £872m (2008:...
82
annual_report
HiscoxLtd-AR_2012
502
The Board has reviewed the effectiveness of its risk management and internal controls during 2012, including financial, operational and compliance controls. The Board confirms there is an ongoing process for identifying, evaluating and managing the significant risks faced by the Company, which has been in place through...
124
annual_report
ScorSE-AR_2010
3,721
Currency losses were EUR (13.9) million in 2010 compared to a loss of EUR (2.6) million in 2009.
18
annual_report
PhoenixGroupHoldingsPLC-AR_2011
2,393
The consultation process is still ongoing in relation to certain aspects of the new rules, and as a consequence of this and the complexity of the proposed changes it has not been possible to estimate their potential future impact on the Group MCEV.
43
annual_report
NatixisSA-AR_2013
5,544
Every year since 2010, a share-based payment plan has been granted to specifi c categories of personnel in accordance with regulations. The accounting treatment of these plans is described in Note 5.18.
32
annual_report
2518
184
reinsurer is unable to perform under the contract. Reinsurance contracts do not relieve the ceding company of its obligations to indemnify its own policyholders.
24
10K
4396
976
Long-term debt-notes and capital leases: The fair value of notes is based on quoted market prices for the same or similar debt, or, if no quoted market prices were available, on the current rates estimated to be available to us for debt of similar terms and remaining maturities. Capital leases are carried at the unamor...
66
10K
4359
991
Deferred tax assets are reduced by valuation allowances if, based on the consideration of all available evidence, it is more likely than not that some portion of the deferred tax asset will not be realized. Significant weight is given to evidence that can be objectively verified.
46
10K
SwissReAG-AR_1987
466
Capital funds at end ot previous year 2,104 1,605 Effects of exchange rate fluctuations on opening balance-sheet figures - 90 - 96 Pald-out profits for previous year - 78 - 72 Issue of non-voting share capital of Swiss Re, Zurich - 459 Group profit 201 179 Other movements 14 29
50
annual_report
4837
899
For additional information on our invested assets, see Note 1 (Description of Business, Basis of Presentation, and Summary of Significant Accounting Policies), Note 3 (Investments) and Note 4 (Fair Value of Financial Instruments) to our consolidated financial statements included elsewhere in this report.
43
10K
5162
584
We believe our disciplined approach to providing financial protection products at the workplace puts us in a position of strength as we seek to capitalize on the growing and largely unfilled need for our products and services. We believe the need for our products and services remains strong, and we intend to continue p...
117
10K
gb_prudential-AR_2015
885
As announced at our investor conference in January 2016, we plan to discontinue publication of our first- and third-quarter interim management statements with immediate effect.
25
annual_report
AdmiralGroupPLC-AR_2008
140
• Loss ratio advantage arises from strong pricing and claims handling operations
12
annual_report
PosteItalianeSpA-AR_2019
9,594
The directors are responsible for the preparation of the NFS in accordance with article 3 and 4 of the Decree and with the “Global Reporting Initiative Sustainability Reporting Standards” issued in 2016 by GRI - Global Reporting Initiative (hereafter, the “GRI Standards”), identified by them as the reporting standards....
117
annual_report
AssicurazioniGeneraliSpA-AR_2017
2,143
Gains from investments in Group comp. and comp. in which a significant share is held 0
16
annual_report
BaloiseHoldingLtd-AR_2014
2,457
Discount rate plus 1.0 % age points – 330.4 – 446.7
11
annual_report
3753
613
Gross investment income from the equity portfolio decreased due to a decline in dividend paying securities in the portfolio. During 2006, the Company received approximately $23,000 in dividends on common and preferred stocks held by the Company. As of December 31, 2006, the Company had liquidated its holdings in common...
124
10K
4624
827
The growth in NPW and NPE for our Insurance Subsidiaries in 2012 and 2011 reflect: (i) pure price increases that we have achieved on our Commercial Lines and Personal Lines standard business; (ii) higher retention in our Standard Insurance Operations; and (iii) additional premium resulting from our newly-acquired E&S b...
50
10K
HelvetiaHoldingAG-AR_2016
13
Price of Helvetia registered shares at the reporting date in CHF 548.5 566.0 – 3.1 % 54
17
annual_report
SwissReAG-AR_2014
1,618
Professional experience Patrick Raaflaub began his career as a research fellow at the University of St. Gallen and then worked for Credit Suisse and a consulting start-up. He joined Swiss Re in 1994 and was appointed Chief Financial Officer of Swiss Re Italia SpA in 1997, and then was Divisional Controller Americas Div...
132
annual_report
DirectLineInsuranceGroupPLC-AR_2012
289
We believe the strengths of our risk framework are: • Strong culture and risk leadership underpinned by training of our people
21
annual_report
ASRNederlandNV-AR_2009
1,511
On behalf Of pOlicy hOlders 31 dec. 2009 31 dec. 2008 fixed-interest securities 731 594 loans and receivables 43 19 cash and cash equivalents 6 185
26
annual_report
1913
1,320
At December 31, 2001, the Company’s Advest subsidiary had $313.0 million outstanding in bank loans, $281.0 million of which was collateralized by firm and customer securities. The entire principal and interest outstanding on the loans was paid off in January, 2002. The weighted average interest rate on Advest bank loan...
57
10K
4303
1,171
Notwithstanding the expiration of the Manville indemnity in July 2009, World Minerals did not, as part of its 1991 acquisition of the assets of Manville’s industrial minerals business assets, assume liability for product liability claims to the extent that such claims relate, in whole or in part, to the Manville Period...
61
10K
ch_zurich_insurance_group-AR_2007
628
The rest of the information to be disclosed according to the Directive of the SWX Swiss Exchange is included in the Corporate Governance Report preceding this Remuneration Report.
28
annual_report
ScorSE-AR_2009
1,188
To our knowledge, there are no conflicts of interest between the duties of the Directors and members of senior management with regard to SCOR and their private interests.
28
annual_report
4448
1,023
These provisions, as included in ASC Topic 320, were adopted by the Company on April 1, 2009. As a result of implementation, the Company recognized a cumulative effect of change in accounting principle of $312.0 after considering the effects of DAC and income taxes of $(139.1) and $48.6, respectively, as an increase to...
56
10K
2753
932
Diluted earning per share of $1.24, a 22% increase over 2004.
11
10K
RSAInsuranceGroupPLC-AR_2019
2,314
RSA is committed to the promotion of equal opportunities for all employees and the only acceptable form of discrimination is on the basis of an individual’s ability to do the job. We aim to ensure that no employee or job applicant or leaver receives less favourable treatment on the grounds of: · Sex
53
annual_report
PowszechnyZakladUbezpieczenSA-AR_2012
448
Górniczy Klub Ubezpieczonych SA, as well as change in the scope of its business operations.
15
annual_report
NatwestGroupPLC-AR_2011
2,701
Non-Core lending exposure was £1.2 billion at 31 December 2011, a £0.7 billion (39%) reduction since 31 December 2010. The remaining lending exposure comprises mainly commercial real estate finance (22%), leisure (20%), unleveraged funds (16%), electricity (15%) and industrials (10%).
40
annual_report
fr_axa-AR_2016
10,274
December 31, 2016 5,463,201 shares were allocated to hedging purposes, representing €125 million.
13
annual_report
4282
792
Net capital losses for 2010 were primarily related to the foreclosure and restructuring of commercial mortgage loans with a single borrower during the second quarter of 2010 recorded as additional provisions to our commercial mortgage loan loss allowance. Capital losses were also recognized due to impairments on proper...
109
10K
StorebrandASA-AR_2000
881
Loan losses and provisions for the period 3.0 47.3 -294.8 -244.5 44.7 79.9
13
annual_report
4420
1,361
On December 3, 2010, the Company, through its wholly-owned subsidiary, Kenmare Holdings Ltd. (“Kenmare”), completed the acquisition of New Castle Reinsurance Company Ltd. (“New Castle”), for an aggregate purchase price of $22.0 million. New Castle is a Bermuda-domiciled insurer that is in run-off. The acquisition was f...
52
10K
3631
955
While historical withdrawal patterns indicate withdrawal primarily occurs in periods in excess of one year, policyholder fund obligations of $2.93 billion have been included in the less than one year column of the table as they may be withdrawn upon request. These net cash payments are undiscounted with respect to inte...
84
10K
1170
333
The Company's net income decreased from $5.5 million for the year ended December 31, 1998 to a net loss of $36.0 million for the year ended December 31, 1999. The results for 1999 were impacted by a strengthening of the Company's reserves for loss and loss adjustment expense, a reduction in net premiums written in the ...
240
10K
3091
1,403
In 2006, we entered into a $34.0 million Standby Letter of Credit Facility and utilized that facility to replace a portion of our funds at Lloyd’s of London with standby letters of credit. Letters of credit issued under the Standby Letter of Credit Facility are unsecured commitments of HCC. The Standby Letter of Credit...
78
10K