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SwissReAG-AR_2009
2,013
Financial statements / Notes to the Group financial statements 13 Share-based payments
12
annual_report
4787
876
· The Company purchases interests in limited partnerships in order to obtain low-income housing tax credits. It accounts for the low-income housing partnerships utilizing the effective yield method as prescribed in ASC 323-740 Investments - Equity Method and Joint Ventures - Income Taxes. The Company has previously cla...
162
10K
5632
1,331
On June 29, 2015, Lyttelton Port Company Limited (“LPC”) sued Aon New Zealand in the Christchurch Registry of the High Court of New Zealand. LPC alleges, among other things, that Aon was negligent and in breach of contract in arranging LPC’s property insurance program for the period covering June 30, 2010, to June 30, ...
121
10K
ASRNederlandNV-AR_2019
2,784
The amounts due to banks increased from € 2,686 million to € 5,520 million primarily as a result of the increase in liability recognised for cash collateral received under ISDAs (International Swaps and Derivatives Association) and CCAs (Client Clearing Agreement) concluded with counterparties (see chapter 6.5.11). The...
65
annual_report
5251
2,670
Net favorable prior year development for the short-tail lines totaled $134.4 million. Details of the significant components are as follows:
20
10K
2081
379
All aggregate measures of Membership retention or expected life may be impacted by shifts in the underlying enrollment mix of sub-groups that have different retention rates. For example Memberships owned by non-associate new members have comprised an increasing percentage of new Memberships enrolled each year over the ...
157
10K
LloydsBankingGroupPLC-AR_2014
2,770
Basis risk arises from the possible changes in spreads, for example where the bank lends with reference to a central bank rate but funds with reference to LIBOR and the spread between these widens or tightens.
36
annual_report
INGGroepNV-AR_2005
2,017
Debtor provisioning For credit risks, a provision for loan losses is maintained that is considered adequate to absorb losses arising from the existing insurance investment portfolios. For 2005, ING Insurance added EUR 21 million to the provision for loan losses compared with a release of EUR 12 million in 2004.
50
annual_report
384
200
The direct response operation has experienced premium growth, with premium revenue rising 15% in 1996 to $172 million, after having risen 17% in 1995. Annualized life premium in force was $202 million at December 31, 1996. Direct response marketing is conducted through direct mail, co-op mailings,
46
10K
AegonNV-AR_2008
4,555
An asset is impaired if the carrying amount exceeds the amount that would be recovered through its use or sale. Tangible, intangible and financial assets, if not held at fair value through profit or loss, are tested for impairment when there are indications that the asset may be impaired. Irrespective of the indication...
87
annual_report
ScorSE-AR_2012
3,985
As at 31 December 2012, employer contributions for the year ahead are expected to amount to EUR 11 million (2011: EUR
21
annual_report
2235
530
We believe that the amount of claims payable is adequate to cover our ultimate liability for unpaid claims as of December 31, 2003; however, actual claim payments and other items may differ from established estimates. Assuming a hypothetical 1% difference between our December 31, 2003 estimates of claims payable and ac...
84
10K
398
249
Policy benefits increased $27.8 million, or 14.2%, to $223.8 million for 1995 compared to $196.0 million for 1994. Of this increase, $14.4 million was attributable to an increase in universal life and annuity benefits largely resulting from an increase in interest credited amounts and growth in the amount of business i...
319
10K
gb_lloyds_banking_grp-AR_2012
62
Presentation of information in order to provide a more meaningful view of underlying business pursuance, the results of the Group and divisions are presented on a management basis. The key principles adopted in the preparation of the management basis of reporting are described below.
44
annual_report
NatwestGroupPLC-AR_2016
8,508
Sweden Optimus KB BF FC 51 C/O Nordisk Renting AB, Box 14044, SE-104 40 Sweden, Stockholm
16
annual_report
NatwestGroupPLC-AR_2020
2,273
Performance will be assessed in the areas of Finance, Risk, Customers, People, Culture and purpose to determine whether the executive has achieved what would reasonably have been expected in the circumstances. Risk & Control and Stakeholder Perception underpins will also apply.
41
annual_report
fr_axa-AR_2013
8,108
However, all internal control systems, no matter how well designed, have inherent limitations and do not constitute a guaranty or provide absolute certainty. Even systems determined to be effective by executives may not prevent or detect all human errors, all system malfunctions, all fraud or all misstatements and can ...
75
annual_report
2138
1,780
Total benefits, losses and expenses increased by $181 million, or 3%, from $5,981 million in 2001 to $6,162 million in 2002.
21
10K
5530
1,191
At December 31, 2018, our fixed maturity portfolio had $763.2 million of unrealized gains and $423.3 million of unrealized losses, for a net unrealized gain of $339.9 million. Estimated fair values of fixed maturity investments were determined based on estimates from: (i) nationally recognized pricing services (94 perc...
61
10K
SwissReAG-AR_1997
129
The Italian insurance industry reacted positively to Swiss Re’s acquisition of the former Unione Italiana di Riassicurazione. This move has made Swiss Re the Italian market leader. The growth in turnover of CHF 700 million which resulted from the acquisition will only become apparent in the 1998 accounts.
48
annual_report
de_allianz-AR_2008
2,903
– the movements between different levels of the fair value hierarchy, and the reasons for those movements.
17
annual_report
de_allianz-AR_2019
2,333
In accordance with IFRS 10, the Allianz Group’s consolidated financial statements include the financial statements of Allianz SE and its subsidiaries. The Allianz Group controls a subsidiary when it is exposed to, or has rights to, variable returns from its involvement with the subsidiary and has the ability to affect ...
115
annual_report
de_allianz-AR_2013
1,686
€ mn sUmmarY Net cash flow provided by operating activities 23,239 18,888 Net cash flow used in investing activities (22,802) (14,860) Net cash flow used in financing activities (1,435) (2,036) Effect of exchange rate changes on cash and cash equivalents (232) (47) Change in cash and cash equivalents (1,230) 1,945 Cash...
92
annual_report
4885
1,156
The following is a discussion of relevant factors related to the $55.8 million prior period net reserve releases recorded for the year ended December 31, 2014:
26
10K
HannoverRueckSE-AR_2008
1,559
Pursuant to IAS 39.9 the "Eurus" transaction gives rise to a derivative, the fair value of which as at 31 December 2008 was EUR 3.9 million (-EUR 2.9 million) and which we recognised under other financial assets at fair value through profit or loss as at the balance sheet date. Measurement resulted in an improvement of...
100
annual_report
5452
2,076
(1) Net purchases of treasury stock in 2015, 2016 and 2017 includes the repurchase of our Class A common stock in the open market that were subsequently distributed to satisfy stock based compensation awards. See Note 11, "Capital Stock", for additional information on treasury stock transactions.
46
10K
de_allianz-AR_2010
1,928
Governance Responsibility for ensuring the completeness, accuracy and reliability of our consolidated financial statements rests with the Chief Executive Officer (CEO) and Chief Financial Officer (CFO) of Allianz SE, supported by Group Center functions, the Group Disclosure Committee and operating entities.
41
annual_report
gb_prudential-AR_2001
568
Statutory basis profit on ordinary activities before tax (analysed on page 38) 385 947
14
annual_report
41
198
Income before the cumulative effect of accounting changes amounted to $1.92 billion in 1993, $1.63 billion in 1992 and $1.55 billion in 1991. The increases in net income over the three year period resulted from those factors described above.
39
10K
3455
1,673
The Company holds securities with exposure to subprime residential mortgages. Subprime mortgage lending is the origination of residential mortgage loans to customers with weak credit profiles. The slowing U.S. housing market, greater use of mortgage products with low introductory interest rates (generally referred to a...
53
10K
5087
1,970
Our Mortgage Insurance segment provides credit-related insurance coverage, principally through private mortgage insurance, to mortgage lending institutions nationwide. We provide our mortgage insurance products and services mainly through our wholly-owned subsidiary, Radian Guaranty. Private mortgage insurance protects...
100
10K
DirectLineInsuranceGroupPLC-AR_2019
889
Employee Representative Body Our Employee Representative Body is comprised of elected representatives from across our business who are consulted on matters related to business strategy as well as future change programmes. The Employee Representative Body are a platform through which colleagues can share ideas and feedb...
47
annual_report
NatwestGroupPLC-AR_2010
1,402
2010 compared with 2009 Central items not allocated before fair value of own debt, including available-for-sale (AFS) gains of £237 million and one-off VAT recovery in 2010 of £170 million, amounted to a net credit of £577 million, an increase of £192 million on 2009.
45
annual_report
1891
450
Total liabilities increased $10.0 billion, or 12.0%, at December 31, 2002 from December 31, 2001. Future annuity and contract benefits increased approximately $11.0 billion, or 17.7%. This increase resulted primarily from the acquisition of Saison Life and the growth in our long-term care and fixed annuity products, pa...
57
10K
nl_ing_grp-AR_2019
4,300
Expenses are recognised in the statement of profit or loss as incurred or when a decrease in future economic benefits related to a decrease in an asset or an increase in a liability has arisen that can be measured reliably.
40
annual_report
2829
1,404
Gross realized gains and gross realized losses from sales of available-for-sale securities are calculated under the specific identification method and are included in investment income. Net losses on the sale of available-for-sale securities with book values of $4,909 and $29,322, respectively, were $220 and $19 in 200...
67
10K
NatwestGroupPLC-AR_2015
599
Experience: Sandy spent his entire full-time career with Standard Life plc, retiring as group chief executive. An actuary, he has served his profession in a variety of roles and has also served as a director of the Association of British
40
annual_report
PowszechnyZakladUbezpieczenSA-AR_2015
1,609
PZU supervises the PZU Group risk management system under cooperation agreements with PZU Group entities and on the basis of information provided as per such agreements, as well as manages PZU Group aggregated risk.
34
annual_report
HelvetiaHoldingAG-AR_2006
1,377
Large risks for insured individuals are ceded to various reinsurers through excess-of-loss reinsurance as for individual insurance. Reinsurance for disaster events also covers group life insurance.
26
annual_report
5658
1,617
A limited amount of our insurance business is written on a line slip or proportional basis, under which we assume a fixed percentage of the premiums and losses on a particular risk or group of risks along with numerous other unrelated insurers. Although premiums on this business are not contractually stated, we recogni...
143
10K
5360
1,047
The components of deferred income taxes at December 31, 2017 and 2016 are as follows:
15
10K
AegonNV-AR_2016
6,126
Civil Code; and for the preparation of the directors’ report in accordance with Part 9 of Book 2 of the Dutch Civil Code; and for �� such internal control as the the management determines is necessary to enable the preparation of the financial statements that are free from material misstatement, whether due to fraud or...
56
annual_report
PhoenixGroupHoldingsPLC-AR_2009
353
Ignis Asset Management’s performance was favourable throughout the year generating a pro forma IFRS operating profit before tax of £34 million. The post acquisition period reflects the recovery in corporate bonds and equity markets.
34
annual_report
NatixisSA-AR_2019
10,140
The Code of Conduct is available on the Natixis website at: Bespoke governance
13
annual_report
AvivaPLC-AR_2007
1,334
Control environment The Group has an established governance framework, the key features of which include: – Terms of reference for the Board and each of its committees; – A clear organisational structure, with documented delegation of authority from the Board to executive management; – A Group policy framework, which s...
74
annual_report
de_allianz-AR_2006
2,149
Risk-weighted assets—banking book 117,355 108,659 Risk-weighted assets—trading book 2,625 2,875 Total risk-weighted assets 119,980 111,534
15
annual_report
gb_lloyds_banking_grp-AR_2008
181
The slowdown during the second half of 2008 means that the economy is now technically in recession (defined as a period of at least two consecutive quarters of negative growth). 2009 is likely to see that recession deepen. Views on 2009 economic prospects have also changed radically during the last year. At the start o...
87
annual_report
2061
817
Our casualty per risk and casualty clash treaties in the aggregate cost approximately $20 million more in 2002 than in the previous year. We did not renew a workers’ compensation catastrophe treaty in 2002 that had substantially reduced our net losses from the September 11 attack because the terms and price that were o...
56
10K
NatixisSA-AR_2003
725
More efficient marketing drove a significant increase in the number of contracts sold in these client segments, which represent the heart of the Banque Populaire
25
annual_report
0
327
In certain markets, renewing leases in established buildings has been difficult as newly-constructed space is available nearby at similar rates. While we have experienced significant leasing activity over the past two years, we have had to enter into multiple year leases at depressed market rental rates. This, together...
112
10K
2375
4,014
We provide personal and commercial property and casualty insurance in Massachusetts and, to a lesser extent, in other states. In addition, we originate and service residential and commercial mortgages in Massachusetts and Connecticut. Our primary business is property and casualty insurance in Massachusetts.
43
10K
259
366
- Trade receivables and payables: The carrying amounts reported in the balance sheet for these instruments approximate their fair values.
20
10K
ScorSE-AR_2010
4,053
 appointment of global process owners (GPO) at the Group, SCOR Global P&C, SCOR Global Life and SCOR Global Investments levels and local process owners (LPO). The GPOs’ responsibility is to document the processes, identify the related critical risks, define the appropriate key controls and to ensure their deployment a...
88
annual_report
fr_axa-AR_2001
4,854
There are two principal differences that arise between French GAAP and U.S. GAAP as set out below.
17
annual_report
4919
763
Net cash flows provided by operating activities totaled $151.3 million, $161.5 million and $172.1 million in 2014, 2013 and 2012, respectively. Operating cash flows in 2014 reflect a higher level of property and casualty loss payments. Operating cash flows in 2013 reflect an increase in net withdrawals of annuity produ...
71
10K
4421
718
(4) New members for all plans, including Medicare plans, reported to eHealth as approved during the period. Some members that are approved by a carrier do not accept the approval and therefore do not become paying members.
37
10K
AdmiralGroupPLC-AR_2018
3,084
In applying the Group’s accounting policies as described below management has primarily applied judgement in the impairment testing of the Company’s investments in group undertakings. Management has applied judgement in determining whether the carrying value of the investment or asset may be supported by the recoverabl...
68
annual_report
LloydsBankingGroupPLC-AR_2012
3,565
Report of the independent auditors on the consolidated financial statements 204 Consolidated financial statements 206 Notes to the consolidated financial statements 214 Report of the independent auditors on the parent company financial statements 344 Parent company financial statements 345 Notes to the parent company f...
58
annual_report
4680
1,576
The Company determines the existence of an active market for an asset or liability based on its judgment as to whether transactions for the asset or liability occur in such markets with sufficient frequency and volume to provide reliable pricing information. If the Company concludes that there has been a significant de...
83
10K
5022
1,089
The Company recorded the following on January 1, 2013, in its consolidated statement of income in connection with the termination of the reinsurance agreement:
24
10K
StandardLifeAberdeenPLC-AR_2019
1,455
 Proposed changes to the risk appetite framework  Overview of the steps taken to refresh the policy framework  Update on Standard Life Aberdeen’s preparations for a disorderly Brexit  Discussion of the key points following Woodford Fund
39
annual_report
4646
1,788
RMBS, CMBS, Collateralized Debt Obligations and Other Debt Obligations. Inputs include cash flows, priority of the tranche in the capital structure, expected time to maturity for the specific tranche, reinvestment period remaining and performance of the underlying collateral including prepayments, defaults, deferrals, ...
47
10K
4624
1,396
The weighted-average fair value of options and stock per share, including RSUs granted for the Parent's stock plans, during 2012, 2011, and 2010 is as follows:
26
10K
5230
1,326
Other asset-backed securities: Comprised of securities that are collateralized by non-mortgage assets, such as automobile loans, valued based on models or matrices using multiple observable inputs, such as benchmark yields, reported trades and broker/dealer quotes, for identical or similar assets in active markets.
43
10K
AvivaPLC-AR_2017
1,897
• SII Shareholder Cover Ratio – we must maintain solvency above the minimum of our stated working range (currently 150% to 180%) prior to any vesting.
26
annual_report
4841
1,185
Pension, postretirement and postemployment benefits are provided to associates under plans sponsored and administered by MLIC, an affiliate of the Company. The Company’s obligation and expense related to these benefits is limited to the amount of associated expense allocated from MLIC.
41
10K
NatixisSA-AR_2019
8,409
EOLE Collateral (a) Securitization vehicle FC 100 100 100 100 France
11
annual_report
4282
898
The increase in Insurance Services benefits to policyholders (including interest credited) for 2010 compared to 2009 was primarily due to higher incidence and fewer claim closures in the group long term disability insurance business, a few large claims in the group life insurance business and an increase in individual ...
124
10K
3066
1,251
On December 21, 2006, the Trust redeemed all of its outstanding 7.90% trust preferred securities concurrently with the redemption of the underlying Subordinated Debentures. The redemptions were conducted pursuant to the terms of the documents governing the trust preferred securities, including the trust agreement relat...
80
10K
gb_lloyds_banking_grp-AR_2008
4,325
At 31 December 2008, transactions, arrangements and agreements entered into by the Group’s banking subsidiaries with directors and connected persons included amounts outstanding in respect of loans and credit card transactions of £3 million with eight directors and six connected persons (2007: £2 million with five dire...
51
annual_report
DirectLineInsuranceGroupPLC-AR_2015
1,114
The Committee also received regular updates on the Group’s major change programmes, including the next generation of customer systems, and considered progress towards the planned significant change to the Group’s IT capabilities, including the development of new technology and new digital tools.
42
annual_report
Sampoplc-AR_2008
110
Chief Executive Officer The company has a Managing Director who is simultaneously the CEO of Sampo Group. The Board of Directors elects and releases the CEO, and decides on the terms of employment and other compensation. The Managing Director of the company and the CEO of Sampo Group is Björn Wahlroos until 7 April, 20...
79
annual_report
NatwestGroupPLC-AR_2006
1,458
Sir Fred Goodwin 1 August 1998 12 months 6 months The Royal Bank of Scotland plc
16
annual_report
5417
1,501
For each line of business for which loss development tables have been provided below, the disclosure approach and format adopted reflects the following:
23
10K
StorebrandASA-AR_2020
526
The average age of an employee in the Storebrand Group was 43 years at the end of the year. The average tenure was eleven years in Norway and ten years in Sweden.
32
annual_report
AegonNV-AR_2013
321
EUR 50 million in the Americas related to hedging losses in 2013, and a benefit of EUR 93 million in the United Kingdom from a reduction in the corporate tax rate from 23% to 20%.
35
annual_report
4335
993
On February 1, 2010, the Company completed its acquisition of PHS, a commercial health plan based in Wichita, Kansas serving approximately 100,000 commercial group risk members and 20,000 commercial self-funded members. The acquisition of PHS strengthened Coventry’s presence in the Kansas market. As part of the acquisi...
74
10K
2045
244
SFAS No. 146, "Accounting for Costs Associated with Exit or Disposal Activities", issued in July 2002, addresses financial accounting and reporting for costs associated with exit or disposal activities and nullifies EITF Issue No. 94-3, "Liability Recognition for Certain Employee Termination Benefits and Other Costs to...
211
10K
5370
849
Revenues declined $144 million (12.6%) in 2016 compared to 2015, primarily due to the impact of a stronger U.S. Dollar ($127 million) and lower distribution revenues. Pre-tax earnings declined $93 million (20.2%) to $367 million. The decline was due to lower distribution revenues and the stronger U.S. Dollar, as well a...
65
10K
StandardLifeAberdeenPLC-AR_2006
547
The parameters required to specify the Vasicek model are determined by optimisation to achieve a satisfactory fit to the Bank of England Index-Linked Gilt real spot-rate term structure (25 year term structure extrapolated to 40 years using a constant forward rate assumption) adjusted to maintain the market nominal yiel...
62
annual_report
nl_ing_grp-AR_2014
737
During 2014, the market environment, particularly the eurozone economy, was at times very challenging. Very high levels of bank market liquidity have led to a continuous pricing compression in most market segments, but we have maintained focus on our clients and our key strategic priorities. We believe we have achieved...
73
annual_report
NatwestGroupPLC-AR_2007
1,151
Total expenses rose by 9% to £570 million. In a highly competitive recruitment market, headcount was successfully increased by 7%, reflecting our continued investment in the UK
27
annual_report
2549
640
The ratio of net premiums written to statutory surplus is one of the measures used by insurance regulators to gauge the financial strength of an insurance company and indicates the ability of the Group to grow by writing additional business. At December 31, 2004, the Group's net premiums written to surplus ratio was 1....
63
10K
5592
808
At the Fresh Start Reporting Date, an insurance intangible asset was recorded which represented the difference between the fair value and aggregate carrying value of the financial guarantee insurance and reinsurance assets and liabilities. The carrying values of our financial guarantee insurance and reinsurance contrac...
54
10K
PowszechnyZakladUbezpieczenSA-AR_2019
2,148
Application of all the recommendations and rules expressed by 2016 best practices of public companies except for the recommendation pertaining to holding an e-shareholder meeting
25
annual_report
2216
700
· the possibility of downgrades in our ratings significantly adversely affecting us, including, but not limited to, reducing the number of insurance policies we write, generally, or causing clients who require an insurer with a certain rating level to use higher-rated insurers or causing us to borrow at higher interest...
51
10K
PhoenixGroupHoldingsPLC-AR_2013
508
The Group tax charge for the period attributable to owners is £10 million (2012 restated: £115 million credit) based on a profit before tax attributable to owners of £217 million (2012 restated: £309 million). The difference between the actual charge of £10 million and the expected charge (based on the UK corporation t...
121
annual_report
1083
243
The Company has encountered increased competition in the variable annuity marketplace during recent years and anticipates that the market will remain highly competitive for the foreseeable future. Also, from time to time, Federal initiatives are proposed which could affect the taxation of variable annuities and annuiti...
47
10K
TrygAS-AR_2012
952
Forsikring, which was sold in 2012, but is awaiting authority approval. Comparative figures are restated accordingly.
16
annual_report
5097
577
In the property and casualty insurance segment, liabilities for losses are based upon case-basis estimates of reported losses supplemented with bulk case loss reserves, and estimates of IBNR losses. Case loss reserves are established independently of the IBNR loss reserves and the two amounts are added together to dete...
104
10K
AegonNV-AR_2015
3,612
EUR 13 million) that is classified as non-underlying earnings for segment reporting purposes.
13
annual_report
1913
810
The following discussion and analysis excludes invested assets transferred in the Group Pension Transaction and includes the Debt Service Coverage Account sub-account OB and sub-account CBB (See Note 19 to the Consolidated Financial Statements). This discussion should be read in conjunction with the summary financial i...
81
10K
SwissReAG-AR_2007
2,325
“The Reactions Awards are designed to recognise and reward the corporate and individual achievers of the insurance and reinsurance markets. Each year we poll our readers to hear from them which firms, deals and initiatives as well as industry figures are performing a cut above the rest.” (Reactions magazine, July / Aug...
53
annual_report
ScorSE-AR_2018
4,533
The investment strategy at SCOR is risk based and the portfolio’s positioning is derived from the risk appetite allocated by the Group to invested assets as well as the Group’s risk tolerance.
32
annual_report
HiscoxLtd-AR_2017
1,661
Fair value gains or losses through profit or loss* (279) 3,666 3,387 Foreign exchange gains 729 7,719 8,448
18
annual_report
4558
1,359
On October 10, 2012, Golden Gate V and Red Mountain, wholly owned subsidiaries of the Company, entered into a 20-year transaction to finance up to $945 million of “AXXX” reserves related to a block of universal life insurance policies with secondary guarantees issued by the Company and its subsidiary, West Coat Life In...
245
10K
3952
7,922
Gross and net written premiums decreased 12% and 20%, respectively, in 2009 compared to 2008. A soft market, a decision to exit certain automotive-related lines of business, depressed economic conditions and lower crop prices contributed to the decline in gross written premiums. Increased cessions under a crop reinsura...
84
10K
StandardLifeAberdeenPLC-AR_2012
452
The core operating cash flow excludes the effect of short term timing differences on settlement of open end fund transactions (which are generally settled within four working days) and any acquisition related expenses, including deferred consideration.
36
annual_report
340
245
The net margin rate decreased from 7.3 percent in 1994 to 6.4 percent in 1995. This decrease is primarily due to lower premium rates on certain products and increased administrative expense.
31
10K
StandardLifeAberdeenPLC-AR_2010
1,075
As part of the offer on the demutualisation of SLAC and flotation of Standard Life plc, holders of demutualisation shares, employee shares or shares acquired in the preferential offer who retained their shares for a continuous period of one year from 10 July 2006 were entitled to one bonus share for every 20 shares. Eq...
102
annual_report