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5113
1,914
The Company granted 97,512, 77,634 and 129,172 Performance Shares for 2015, 2014 and 2013, respectively.
15
10K
gb_lloyds_banking_grp-AR_2005
1,662
LLOYDS TSB GROUP 105 49 Related party transactions (continued) 2005 2004 £m £m
13
annual_report
4408
1,801
Policy loans are carried at unpaid principal balances plus accumulated interest. The loans are collateralized by insurance policy cash values and therefore have no exposure to credit loss.
28
10K
2987
2,486
(1)Other personal lines include involuntary auto, commercial lines, condominium, renters and other personal lines. Premiums earned by brand are shown in the following table.
24
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2005
408
Munich Re shares began 2005 listlessly. Up to the end of September, their price moved sideways within a narrow range, lagging far behind the dax. However, in the middle of the hurricane season, our shares began a rally which took the price from around €90 to nearly €120. In the fourth quarter, Munich Re stock performed...
122
annual_report
SwissReAG-AR_2007
939
In addition to the regular and extraordinary meetings, the Board and its committees can make decisions in writing. These resolutions by written agreement have equal validity to decisions made in regular or extraordinary meetings. Resolutions by written agreement of the Board of Directors may be adopted if no Board memb...
95
annual_report
3878
1,744
Catastrophes: Special analyses are conducted by AIG in response to major catastrophes in order to estimate AIG’s gross and net loss and loss expense liability from the events. These analyses may include a combination of approaches, including modeling estimates, ground-up claim analysis, loss evaluation reports from on-...
53
10K
AvivaPLC-AR_2007
2,869
The Group aims to maintain strong reserves in respect of its non-life and health business in order to protect against adverse future claims experience and development. As claims develop and the ultimate cost of claims become more certain, the absence of adverse claims experience will then result in a release of reserve...
123
annual_report
StandardLifeAberdeenPLC-AR_2015
2,930
There are no net investment hedges or cash flow hedges in the participating business. Other currencies include assets of £3m (2014: £29m) and liabilities of £27m (2014: £14m) in relation to the fair value of derivatives used to manage currency risk exposures.
42
annual_report
StandardLifeAberdeenPLC-AR_2017
2,853
UK and Ireland unit linked pension contracts (fee business via RCF) This class of business comprises single or regular premium contracts under which a percentage of the premium is allocated to units in one or more unit linked funds held in the PBF. Such contracts include hybrid contracts (see Note 31) resulting in the ...
86
annual_report
HannoverRueckSE-AR_2011
3,696
dation. In cases where IFRS do not currently contain any spe­
11
annual_report
NatixisSA-AR_2002
2,426
Strasbourg 16, place Gutenberg BP 20 Strasbourg Cathédrale 67000 Strasbourg Cedex
11
annual_report
3025
580
Net income in 2004 includes a $0.5 million charge, net of tax, related to a settlement with Value Options of Texas, Inc.
22
10K
fr_axa-AR_2009
9,636
GMS Department Heads) pursuant to which each of these executives is required to review the Group’s Annual Report
18
annual_report
526
239
The most significant estimates in the Company's balance sheet are the determination of prepaid policy acquisition costs and the reserve for insurance losses and loss adjustment expenses. Management's best estimate of prepaid policy acquisition costs is based on historical studies and assumptions made regarding costs in...
111
10K
1371
423
INVESTMENT SECURITIES:Fair values for investments in fixed maturities are based on quoted market prices, where available. For fixed maturities not actively traded, fair values are estimated using values obtained from independent pricing services. The fair values for equity securities are based on quoted market prices.
45
10K
ScorSE-AR_2013
6,171
Group business standards and practices are governed by Group Policies established in a common format, by the operational divisions (SGP&C, SGL, SGI) and central functions (Finance, Risk Management, Operations). The latter are approved by the Group COMEX and are submitted annually to the Audit Committee and to the Board...
53
annual_report
5646
303
Indemnity and the Exchange share a corporate home office complex in Erie, Pennsylvania, which comprises approximately 637,000 square feet. In 2016, we began the construction of a new office building that will serve as part of our principal headquarters. The project is expected to span approximately three years and will...
85
10K
RSAInsuranceGroupPLC-AR_2015
919
The overarching Risk Management Policy, approved annually by the Board on the Committee’s recommendation, establishes a framework of standard risk management processes which are embedded throughout the Group. It also defines the dependencies and interactions with the Group’s ORSA and the Group’s approach to stress and ...
132
annual_report
SwissReAG-AR_2010
1,422
When the variable annual compensation level for an employee exceeds a pre-defined amount, the variable pay is delivered through two components: a cash incentive payment (API) and a deferred Value Alignment Incentive (VAI).
33
annual_report
AegonNV-AR_2018
4,405
Net fair value change on borrowings and other financial liabilities 29 10 21
13
annual_report
de_allianz-AR_2019
3,551
As of 31 December 2019, the future liabilities of Allianz Lebensversicherungs -AG and its subsidiaries to the insurance guarantee scheme pursuant to the SichLVFinV amount to annual contributions of € 19.5 mn (2018: € 22.7 mn) and potential special contributions of, in principle, € 210 mn (2018: € 203 mn) per year. In a...
55
annual_report
4722
1,889
The combined ratio decreased to 97.6% for the year ended December 31, 2013 compared to 102.5% in 2012. As noted, catastrophic losses increased this segments combined ratios in 2012, the result of Superstorm Sandy. This event increased the segment combined ratio by 3.6% in 2012.
45
10K
3385
614
Net after-tax net investment income for the period divided by average investments for the same period.
16
10K
4770
1,647
Radian Guaranty has the ability to cede 100% of all premiums and losses incurred with respect to non-conventional portfolio loans and will receive a 25% ceding commission. We have not ceded any risk on non-conventional portfolio loans.
37
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2003
1,924
Expenses for the management of investments, other expenses 544 500 * Adjusted owing to first-time application of ias 39 (rev. 2003).
21
annual_report
4464
799
Depreciation is provided principally on the straight-line method over estimated useful lives. Depreciation of assets of regulated utility and energy subsidiaries is provided over recovery periods based on composite asset class lives.
32
10K
fr_axa-AR_2014
3,822
It does not fall within the scope of our assignment to ascertain the potential existence of other agreements and commitments but rather, on the basis of the information that was given to us, to inform you, the S hareholders, of the main features of those agreements of which we have been informed. It is not our responsi...
101
annual_report
ScorSE-AR_2008
1,712
Only SCOR Switzerland AG’s commitments, pursuant to the insurance and/or reinsurance contracts, are covered by this parent guarantee.
18
annual_report
StandardLifeAberdeenPLC-AR_2015
4,226
Investments in subsidiaries at FVTPL Investments in subsidiaries at FVTPL comprises £200m (2014: £nil) of investments on a recognised exchange which are valued using prices sourced from the primary exchange on which they are listed. These instruments are generally considered to be quoted in an active market and are the...
60
annual_report
3821
1,353
Corporate expenses were $255 million in 2008, compared to $200 million in 2007. In 2008, expenses include $85 million of restructuring and related charges comprising a $62 million charge related to estimated future rent and other real estate costs to exit five floors in MMC’s New York headquarters building and previous...
106
10K
312
506
Other Expenses. Other expenses relating to the underwriting operations, which include underwriting and administrative expenses, increased to $9.7 million for 1995 from $9.1 million for 1994. This increase was primarily due to a 7.0% growth in salary expense encompassing both new hires and continuing staff salary requir...
91
10K
SwissReAG-AR_2020
1,714
Swiss Re’s Group limit framework includes risk limits for major insurance exposures that guard against risk accumulations and ensure that risk-taking remains within Swiss Re’s risk tolerance. At the entity level, underwriting and capacity limits are assigned that are used to steer the business, and ensure adherence to ...
56
annual_report
5131
1,244
The Company’s investment operations have experienced volatile market conditions since the middle of 2007. The market conditions remained volatile in 2015, primarily due to increases in U.S. interest rates, the widening of credit spreads and decreases in worldwide equity markets. Assuming constant foreign exchange rates...
84
10K
BeazleyPLC-AR_2017
1,199
Martin L Bride £100,000 Adrian P Cox £150,000 D Andrew Horton £170,000 Neil P Maidment £125,000 Clive A Washbourn –
20
annual_report
de_allianz-AR_2003
1,610
In certain insurance lines, there is a direct link between investments and obligations to our customers. Life insurance, for example, must generate the guaranteed interest payment agreed upon. The tight link between insurance obligations and investment of the capital related to these obligations is investigated by usin...
64
annual_report
5420
1,668
Gross premium written. Gross premium written increased by $910.9 million, or 35.2%, from $2,590.0 million for the year ended December 31, 2015 to $3,500.9 million for the year ended December 31, 2016, due to an increase of $698.8 million in premiums received from the P&C segment primarily as a result of the acquisition...
121
10K
INGGroepNV-AR_2002
679
New partnerships in operations As part of its effort to improve efficiency, ING
13
annual_report
NatwestGroupPLC-AR_2014
8,905
Group’s CIB business is to further simplify and downsize the Group with an increased focus on service to its customers. Such initiatives are being combined and supplemented with significant investments in technology and more efficient support functions intended to contribute to delivering significant improvements in th...
71
annual_report
HelvetiaHoldingAG-AR_2012
697
Emilio Martin also needs to be able to rely on his transport partners to do everything they can to de­
20
annual_report
5043
1,026
For the years ended December 31, 2015 and 2014, we recognized net interest benefits of $1.8 and $4.2, respectively. For the year ended December 31, 2013, we recognized net interest expense of $2.6. We had accrued approximately $12.3 and $14.1 for the payment of interest at December 31, 2015 and 2014, respectively.
52
10K
NatwestGroupPLC-AR_2004
2,084
N ot es o n th e ac co un ts Notes on the accounts continued 20 Tangible fixed assets Long Short Computers Assets on Freehold leasehold leasehold and other operating premises premises premises equipment leases Total £m £m £m £m £m £m
43
annual_report
3195
600
Prepaid reinsurance premiums increased $26.8 million, or 220.8%, to $38.9 million as of December 31, 2006, as compared to $12.1 million as of December 31, 2005. The increase is due to our payments and amortization of prepaid reinsurance premiums associated with our homeowners’ book of business.
46
10K
4172
1,698
The Company repurchased 6.2 million shares for $201 million during 2010, and an additional 1.8 million shares for $73 million through February 25, 2011. On February 23, 2011, the Board of Directors increased share repurchase authority by $500 million. The total remaining share repurchase authorization as of February 25...
53
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2013
2,547
Premium risks The degree of exposure to estimation risks differs according to class of business and also between primary insurance and reinsurance. On the basis of the loss ratios and combined ratios of past years, conclusions can be drawn about the historical volatilities in the different classes of business and about...
76
annual_report
StandardLifeAberdeenPLC-AR_2017
2,273
The closing market price of Standard Life Aberdeen plc shares at 31 December 2017 was 436.6 pence and the range for the year was 345p to 447.1p.
27
annual_report
3584
2,508
As a result of the events highlighted above, as well as financing costs and anticipated operating expenses, we estimate that our liquidity has decreased in excess of $135 million in the second quarter of 2008 and available liquidity is below $65 million as of June 30, 2008. This figure represents available liquidity pr...
111
10K
SwissReAG-AR_1972
222
Underwriting Result * 4,412,000 2,506,000 Investment Income 6,778,000 6,877,000 Management Expenses - 2,269,000 - 2,024,000 Net Realized Capital Gains/Losses - 469,000 - 252,000 Taxes - 2,053,000 - 2,731,000 * adjusted for changes in commission equity Once again, a good result in the Property branches con­ trasts with ...
104
annual_report
gb_prudential-AR_2012
2,588
Based on profi t for the year 2,810 (613) – 2,197 86.5p 86.4p
13
annual_report
fr_axa-AR_2013
3,043
The fi xed component takes into account responsibilities, experience, as well as market practices. It is targeted to be equal or below the median of the market.
27
annual_report
GjensidigeForsikringASA-AR_2011
1,505
sensitiVitY analYsis keY assumptions The excess values associated with the acquisition are based on different key assumptions. If these assumptions change significantly from what they are expected to be in the impairment models, a need for impairment may arise. The models are especially sensitive to deviations from exp...
51
annual_report
1346
354
The Company amortizes goodwill over an estimated life of 3 to 15 years. Other identifiable purchased intangible assets are being amortized on a straight-line basis over their estimated period of benefit ranging from 3 to 10 years.
37
10K
830
504
LONG-TERM DEBT - The fair value is estimated based on the quoted market prices for the same or similar issue or on the current rates offered to the Company for debt of the same remaining maturities.
36
10K
ch_zurich_insurance_group-AR_2008
2,892
Shareholder information 292 Share data 292 Financial calendar 294 Contact information 294 Glossary 295 6848_p290-296.indd 2916848_p290-296.indd 291 25/2/09 13:53:5425/2/09 13:53:54
20
annual_report
NatixisSA-AR_2012
5,752
Legal, tax and employee related 773 690 7% 6% 576 777 12 % 14% 36 1 1% 0%
18
annual_report
AegonNV-AR_2018
1,867
In addition, as per January 1, 2019, amendments to the Solvency II framework entered into force, relating to Solvency II standard formula treatment of standardized, transparent and simple (STS) securitizations. Aegon will take these amended provisions into account as of first quarter 2019
43
annual_report
StorebrandASA-AR_2017
2,385
Assets held to maturity are recognised at amortised costs using the e�ective interest method. The category is used in the Norwegian life insurance business for assets linked to insurance contracts with interest rate guarantees.
34
annual_report
2121
9,187
As discussed in Notes A and E to the consolidated financial statements, in 2002, the Company implemented Statement of Financial Accounting Standards No. 142, which required a change in the method of accounting for goodwill, and in 2003, the Company implemented FASB interpretation No. 46, which required a change in cons...
57
10K
5493
5,506
Total minimum rental payments to be received in the future under non-cancelable subleases were $572 million as of December 31, 2017. Operating lease expense was $374 million, $383 million and $364 million for the years ended December 31, 2017, 2016 and 2015, respectively.
43
10K
3677
2,930
The following table summarizes stock option activity for the year ended December 31, 2008:
14
10K
3673
1,067
The fair value hierarchy established by SFAS 157 includes three levels which are based on the priority of the inputs to the valuation technique. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable in...
121
10K
StandardLifeAberdeenPLC-AR_2019
3,145
Recognised in other comprehensive income Fair value losses on available-for-sale financial assets – – – (9) – – – – – (9) Fair value gains on cash flow hedges – 54 – – – – – – – 54 Revaluation of owner occupied property 2 – – – – – – – – 2 Exchange differences on translating foreign operations – – 17 – – – – – – 17 Wit...
306
annual_report
1808
357
In years 1990 through 1996, and years 1998 through 2001, MAMSI implemented a non-qualified stock option plan whereby options for the purchase of shares of common stock may be granted to directors, officers and employees of the Company. Unexpired authorized shares under the plans total 10,000,000. Options under the plan...
108
10K
5008
1,471
Although auctions continue to fail, we believe we will be able to liquidate these securities without significant loss. There are government guarantees or municipal bond insurance in place and we have the ability and the present intent to hold these securities until maturity or market stability is restored. Accordingly,...
128
10K
TrygAS-AR_2013
1,341
Transferred to assets held for sale 0 0 0 0 Transferred from assets under construction 0 10 -10 0 Additions for the year 18 2 0 20 Disposals for the year -1 0 0 -1
35
annual_report
BaloiseHoldingLtd-AR_2016
2,547
Of which: real estate leased to the Baloise Group – –
11
annual_report
4129
1,310
In June 2007, the Financial Accounting Standards Board ("FASB") issued guidance under Accounting Standards Codification (“ASC”) 718, Compensation - Stock Compensation, which was formerly referred to as EITF Issue No. 06-11, Accounting for Income Tax Benefits of Dividends on Share-Based Payment Awards ("EITF 06-11"). Th...
140
10K
NatixisSA-AR_2018
4,274
SA – CCR EAD BY REGULATORY PORTFOLIO AND RISK WEIGHT (CCR3)R
11
annual_report
ScorSE-AR_2020
3,650
Some provisions in the terms and conditions of notes allow for early redemption under certain conditions other than the liquidation of the issuer (e.g. tax, accounting and regulatory reasons). However, these early redemption cases are always (i) at the option of the issuer and no reimbursement can be imposed on the iss...
66
annual_report
Sampoplc-AR_2013
3,418
Sampo will publish three Interim Reports in 2014. The Interim Reports and related supplementary materials are published on Sampo’s website at www.sampo.com/result. Press and stock exchange releases, the monthly updated list of shareholders and other investor information published by Sampo are available on the site as w...
47
annual_report
PosteItalianeSpA-AR_2019
5,463
* The item, Changes in cash flow hedges, relates to the purchase of forward contracts in relation to cash flow hedge transactions and reflects changes in the fair value of these forward contracts between the date of purchase and the settlement date, with a matching entry in equity, in the cash flow hedge reserve.
54
annual_report
HelvetiaHoldingAG-AR_2015
3,061
Group profit for the period per share in CHF 32.7 37.1 40.9 43.0 29.0
14
annual_report
4534
2,083
The following table reflects additional information regarding all market condition awards for the years indicated:
15
10K
2714
765
In Tokyo, Japan, Aflac owns an administrative office building and a training facility. Aflac also leases additional office space in Tokyo along with regional offices located throughout the country.
29
10K
HiscoxLtd-AR_2017
1,140
Profit for the year (all attributable to owners of the Company) 26,310 336,986
13
annual_report
CNPAssurancesSA-AR_2000
1,980
Pierre Servant, member of the Caisse des dépôts et consignations Executive Committee. Elected 18 September 1998
16
annual_report
AegonNV-AR_2019
3,832
Gains / (losses) on investments 10 (10) n.m. 9 (8) n.m.
11
annual_report
HannoverRueckSE-AR_2002
1,299
Hannover Rückversicherungs-AG Australian Branch – Chief Agency The Re Centre Level 21 Australia Square 264 George Street G. P. O. Box 3973 Sydney NSW 2000
25
annual_report
AvivaPLC-AR_2019
4,172
UFF Euro Valeur A FCP 100 UFF Global Allocation A FCP 100 UFF Global Foncieres-A (Ufgf70A)
16
annual_report
5105
923
Consolidated Statement of Stockholders’ Equity for the Years Ended March 31, 2015 and 2014
14
10K
fr_axa-AR_2000
2,239
The AXA ordinary shares held by the Mutuelles AXA and Finaxa are entitled to double voting rights under the statuts of AXA because those shares have been held in registered form for the requisite period. For more information on double voting rights, see “Item 10 – Additional Information – Certain Rights of AXA Sharehol...
54
annual_report
4050
621
As required by law, the Company segregates from its operating accounts the premiums collected from insureds which are payable to insurance companies into separate trust accounts. These amounts are included in cash and short-term investments. In 2009, the Company’s receivables from insurance policies exceeded its premiu...
61
10K
4881
1,057
The accumulated benefit obligation for the defined benefit pension plans was $1,908.1 and $1,758.2 at December 31, 2014 and 2013, respectively.
21
10K
4598
1,517
The majority of our derivative instruments contain provisions that require us to maintain specified issuer credit ratings and financial strength ratings. Should our ratings fall below these specified levels, we would be in violation of the provisions, and our derivatives counterparties could terminate our contracts and...
81
10K
TrygAS-AR_2003
1,333
The Tryg Vesta Group 18 March 2004 page 91 of 98
11
annual_report
DirectLineInsuranceGroupPLC-AR_2018
1,994
– valuation of intangible assets; and – valuation of investments not held at fair value. These key audit matters are consistent with those identified in the prior period audit.
29
annual_report
fr_axa-AR_2003
2,013
International insurance revenues were down – 10.9%, pulled by AXA RE (– 17.7%), reflecting (i) continued stringent underwriting policy aiming at reducing the risk exposure of the portfolio while focusing the P&C portfolio on more profitable business, and (ii) a 2002 non-recurring revision on prior year premiums (€+271 ...
51
annual_report
4928
985
(c) Recent accounting standards issued and not yet adopted are summarized below:
12
10K
5627
1,652
(1) Incurred amounts for 2018 and 2017 include a premium deficiency reserve for our Illinois Medicaid programs ("Illinois PDR"), which amounted to $16.1 million and $45.6 million, respectively, as discussed further in Note 2 - Summary of Significant Accounting Policies to the consolidated financial statements included ...
51
10K
AvivaPLC-AR_2009
2,903
(a) Description of arrangements (i) United Kingdom In a long-term business subsidiary Aviva Equity Release UK Limited (AER), the beneficial interest in certain portfolios of lifetime mortgages has been transferred to five special purpose securitisation companies (the ERF companies), in return for initial consideration ...
100
annual_report
5851
7,946
 Issues Management - enables a consistent tracking of issues across the firm, including policy and process exceptions, control deficiencies and findings from risk and control assessment activities.
28
10K
NatixisSA-AR_2003
823
Primary equity market: convertible bonds and mid-caps In France, Natexis Bleichroeder S.A.
12
annual_report
5920
1,254
•Asset backed, Commercial and Residential mortgaged-backed: Expected cash flows are derived that are specific to each security. The PD and LGD for each security is based on a quantitative model that generates scenario conditioned PD and LGD term structures based on the underlying collateral type, waterfall and other tr...
78
10K
5595
1,785
The Company’s policy is to recognize transfers between levels as of the end of the reporting period. There were no transfers between Levels 1 and 2 for the year ended December 31, 2018. Transfers into Level 3 for the year ended December 31, 2018 relate to transfers from Level 2 due to to changes in the availability of ...
113
10K
1269
280
The fair value of the note payable to a bank approximates the carrying amount at December 31, 1999 and 1998 since its interest rate is based on recent market rates. At December 31, 1998, the fair value approximated the carrying amount of the note payable to the parent Company of M&N as the note originated on that date....
91
10K
5839
589
•0.5 point improvement in the expense ratio due to expense reduction initiatives as well as lower levels of spending on travel and other expenses because of COVID-19
27
10K
gb_prudential-AR_2008
1,957
Short-term fluctuations in investment returns on shareholder-backed business (1,783) 348 (1) (1,436) (58.1)p (58.1)p
14
annual_report
5108
1,157
In addition to managing our credit risk exposure within our fixed maturity portfolio we also monitor the aggregation of country risk exposure on a group-wide basis (refer to Item 1 ‘Risk and Capital Management’ for further details). Country risk exposure is the risk that events within a country, such as currency crises...
78
10K
4770
1,781
As of December 31, 2013, we have $2.4 billion of net par outstanding related to international public finance obligations, including $172.9 million of Sovereign risk. As of December 31, 2013, our Sovereign risk to the six countries whose Sovereign obligations have been under stress due to economic uncertainty, potential...
82
10K
5388
2,610
These valuation methodologies generally use the same inputs as described in the corresponding sections for Level 2 measurements of derivatives. However, these derivatives result in Level 3 classification because one or more of the significant inputs are not observable in the market or cannot be derived principally from...
54
10K