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5718
2,021
Premium yield is NPE divided by average IIF during the year and is influenced by a number of key drivers, which have a varying impact from period to period. The following table provides information related to our premium yield for 2019, 2018, and 2017.
44
10K
BeazleyPLC-AR_2020
1,036
1 Nicola Hodson was appointed to the remuneration committee on 25 September 2020. 2 John Reizenstein was appointed to the Nomination committee on 25 September 2020.
26
annual_report
LloydsBankingGroupPLC-AR_2010
7,776
The above tables are provided on a contractual basis. The Group’s assets and liabilities may be repaid or otherwise mature earlier or later than implied by their contractual terms and readers are, therefore, advised to use caution when using this data to evaluate the Group’s liquidity position.
47
annual_report
774
278
This document establishes standards for presentation of comprehensive income, a concept of income which, in addition to net income, includes all changes in the equity of a company other than contributions from or distributions to shareholders. Comprehensive income is to be categorized into certain components, each of w...
58
10K
5227
373
For the quarter-end dates set forth below, the following table illustrates the total amount of face value of policy benefits owned, and the trailing 12 months of life insurance policy benefits collected and premiums paid on our portfolio. The trailing 12-month benefits/premium coverage ratio indicates the ratio of poli...
66
10K
2888
2,447
The following table sets forth, for the years ended December 31, 2005, 2004 and 2003, paid and incurred loss activity by the three categories of claims for asbestos and environmental.
30
10K
TrygAS-AR_2003
1,537
Gross earned premiums include gross premiums adjusted for reserves (earned premiums) with the deduction of bonus and premium rebates.
19
annual_report
5672
1,447
At December 31, 2019 and 2018, we recorded $64.5 million (related to 2.9 million shares) and $57.6 million (related to 2.7 million shares), respectively, of unearned deferred compensation as a reduction of capital in excess of par value in the accompanying consolidated balance sheet. The total intrinsic value of our un...
102
10K
1149
264
In June 1998, the Financial Standards Board issued Statement No. 133, Accounting for Derivative Instruments and Hedging Activities. This statement establishes accounting and reporting standards for derivative instruments, including certain derivative instruments embedded in other contracts. It requires that all derivat...
186
10K
5007
1,625
Intangible assets represent the fair value adjustments related to unpaid losses and loss expenses, reinsurance balances recoverable and policy benefits for life and annuity contracts along with the fair values of Lloyd’s syndicate capacity, customer relationships, management contract and brand arising
41
10K
INGGroepNV-AR_2009
2,288
seniority in the capital structure – an adjustment is applied to each security based on its position in the capital structure;• vintage – an adjustment is applied for underwriting guidelines deteriorating from 2004 to 2007 in combination with differences • in home price developments for these vintages.
47
annual_report
4905
3,837
Life insurance - DAC related to traditional life insurance products is amortized in proportion to premium revenues over the premium-paying period of related policies using assumptions about mortality, morbidity, lapse rates, expenses, and future yield on related investments established when the policy was issued. Amort...
113
10K
HiscoxLtd-AR_2006
599
qÜÉ=_ç~êÇ=Ü~ë=~å=~ÖêÉÉÇ=pÅÜÉÇìäÉ=çÑ=j~ííÉêë=oÉëÉêîÉÇ=Ñçê=íÜÉ=_ç~êÇI= ~=Åçéó=çÑ=ïÜáÅÜ=Å~å=ÄÉ=ÑçìåÇ=çå=íÜÉ=dêçìéÛë=ïÉÄëáíÉW=ïïïKÜáëÅçñKÅçãK qÜÉ=_ç~êÇ=êÉí~áåë=ìäíáã~íÉ=~ìíÜçêáíó=Ñçê=ÜáÖÜ=äÉîÉä=ëíê~íÉÖáÅ=~åÇ ã~å~ÖÉãÉåí=ÇÉÅáëáçåë=áåÅäìÇáåÖW=ëÉííáåÖ=dêçìé=ëíê~íÉÖóI=~ééêçîáåÖ ëáÖåáÑáÅ~åí=ãÉêÖÉêë=çê=~ÅèìáëáíáçåëI=~ééêçîáåÖ=íÜÉ...
14
annual_report
5406
2,838
The Company's performance incentive programs provide for grants of stock options, restricted stock, restricted stock units, performance units and stock appreciation rights. Share-based compensation granted by the Company generally contains a vesting period of three or four years, and certain awards also contain perform...
88
10K
4798
941
(c) Cash Dividend Restrictions - The payment of cash dividends by the Company is principally dependent upon the amount of its insurance subsidiaries' statutory policyholders' surplus available for dividend distribution. The insurance subsidiaries' ability to pay cash dividends to the Company is in turn generally restri...
151
10K
Sampoplc-AR_2012
1,500
In addition to transaction risk, Sampo Group and its insurance subsidiaries are also exposed to translation risk. Sampo Group’s consolidated financial statements are denominated in euro.
26
annual_report
AdmiralGroupPLC-AR_2011
1,116
The maturity profile for financial assets is included at the start of this note. The Group’s Directors believe that the cashflows arising from these assets will be consistent with this profile.
31
annual_report
HiscoxLtd-AR_2011
478
The Committee’s role in remuneration is to determine: the overall remuneration strategy, policy and cost for the Group; the levels and make-up of remuneration for the four Executive Directors; and the award of sizeable bonuses to individuals other than the Executive Directors.
42
annual_report
804
148
Material appearing under the caption "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's Annual Report is hereby incorporated by this reference.
27
10K
4231
1,087
Fixed maturity securities include debt securities and redeemable preferred stocks, which may have fixed or variable principal payment schedules, may be held for indefinite periods of time, and may be used as a part of the Company’s asset/liability strategy or sold in response to changes in interest rates, anticipated p...
113
10K
1522
368
securities. The fair value of these and the Company's other invested assets fluctuates depending on the interest rate environment and other general economic conditions. During periods of declining interest rates, paydowns on mortgage backed securities and collateralized mortgage obligations increase as the underlying m...
117
10K
5222
782
Depreciation and amortization expense for fixed assets amounted to $21.0 million in 2016, $20.9 million in 2015, and $20.9 million in 2014.
22
10K
SwissReAG-AR_2004
841
These assets are generally not subject to revaluation. Discounted securities are valued at their amortised cost. The valuation rules prescribed by the Swiss insurance supervisory authority are observed.
28
annual_report
INGGroepNV-AR_2012
1,910
‘Other changes’ mainly relate to the de-risking program of ING and includes sales and redemptions of certain ABS bonds.
19
annual_report
SwissReAG-AR_2009
2,236
and capacity limits, as well as monitoring risk tolerance, and reviewing top risk issues and exposures.
16
annual_report
550
335
Following is the detail of changes in redeemable stock for the three years ended December 31, 1996 (in thousands, except for share and per share amounts):
26
10K
5764
732
We recognize commission revenue from the sale of insurance products by Efinancial. We recognize revenue at the time that the insurance policy is issued by the insurance company and accepted by the customer, which we call policy placement. In addition, as a result of the implementation of Accounting Standards Update (“A...
257
10K
4353
945
At December 31, 2011, 2010, and 2009, the aggregate intrinsic value of outstanding shares under option was $554, $1,573, and $971 with a weighted average remaining contractual term of 3.7, 4.7, and 5.5 years, respectively. Aggregate intrinsic value represents the total pretax intrinsic value, based upon the Company's c...
140
10K
5704
653
Net Realized Investment Gains for the years ended December 31, 2018 and 2017 were approximately $6,183,000 and $4,346,000, respectively. The gains in 2018 resulted primarily from sales intended to rebalance our investment portfolio to mitigate the impact from the rising interest rate trend and to decrease our holdings ...
62
10K
5210
540
We reinsure with other insurance companies a portion of our potential liability under the policies we have underwritten, thereby protecting us against an unexpectedly large loss or a catastrophic occurrence that could produce
33
10K
AvivaPLC-AR_2009
327
— To allocate capital rigorously to provide the highest sustainable returns for our shareholders Capital management will continue to be a key focus for us going forward. We treat capital as a scarce resource, and strive to allocate capital to provide the highest sustainable returns for shareholders. We continuously see...
56
annual_report
DirectLineInsuranceGroupPLC-AR_2013
605
In Italy, the use of telematics to collect information at the claims stage is already fairly extensive. As a consumer proposition it is continuing to develop. We have a number of pilots to understand how best to operate in this area. In Germany, the first introduction has recently occurred.
49
annual_report
gb_lloyds_banking_grp-AR_2019
7,655
Principal place of business for collective investment vehicles (1) Trinity Road, Halifax West Yorkshire, HX1 2RG
16
annual_report
StorebrandASA-AR_2001
1,129
Europeiske Reiseforsikring Haakon VIIs gt. 6 P O Box 1374 Vika N-0114 Oslo www.europeiske.no
14
annual_report
gb_lloyds_banking_grp-AR_2013
2,079
The Audit Committee understood the uncertain tax positions of the Group, including the respective views of the Group and the relevant tax authorities. The Audit Committee also understood the external advice obtained by management to support the views taken by the Group.
42
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006
2,712
The personnel expenses and income incurred for the stock appreciation rights are determined on the basis of the change in the fair value of the underlying options. The fair value recognises not only the intrinsic value (difference between current share price and initial share price of the stock appreciation rights) but...
200
annual_report
gb_prudential-AR_2018
544
— Demerger preparation progressing at pace with several major milestones reached
11
annual_report
1866
683
Adjusted pre-tax operating income from our other operations was $8.1 million in 2001 compared to $12.0 million in 2000 and $7.6 million in 1999. Other operations primarily consist of holding company revenues and expenses and operations of our real estate management subsidiary. Revenues declined in 2001 as compared to p...
152
10K
2781
1,084
Includes acquired entities since date of acquisition, only. Professionals Group was acquired on June 27, 2001. NCRIC Corporation was acquired on August 1, 2005.
24
10K
ASRNederlandNV-AR_2019
3,313
3 ASR Nederland N.V. complies with current laws, regulations and ethical (and inherent internal) norms. ASR
16
annual_report
2220
505
Total expenses increased by $302 million, or 15%, to $2,311 million for the year ended December 31, 2003 from $2,009 million for the comparable 2002 period. The acquisition of Hidalgo contributed $394 million to this increase. Partially offsetting this is a decrease of $106 million for the aforementioned non-recurring ...
170
10K
5735
202
The Company’s mortgage loan portfolio is comprised of residential properties with the average loan to appraised value ratios at 61% (excluding construction loans). Mortgage loans are carried at current book value. The fair values for mortgage loans are estimated using discounted cash flow analyses. For residential mort...
65
10K
3774
1,569
(1)Realized and unrealized gains/(losses) from changes in values of Level 3 financial instruments represent gains/(losses) from changes in values of those financial instruments only for the periods in which the instruments were classified as Level 3.
36
10K
fr_axa-AR_2008
4,247
(a) Includes dividend distributions and changes in consolidation method. (b) Following its sale to AXA Asia Pacific Holdings, this entity is now fully consolidated.
24
annual_report
3318
2,117
Our 2007 net loss of $1,340.7 million was mainly a result of an $841 million increase in the cumulative unrealized loss on financial guaranty derivatives due to significant credit spread widening and a $427 million increase in the cumulative unrealized loss related to our NIMS portfolio, which is primarily credit relat...
81
10K
5777
1,209
Prior to 2008 or 2007, the amounts paid on the CCS were established through an auction process. All of those auctions failed in 2008 or 2007, and the rates paid on the CCS increased to their respective maximums. The annualized rate on the AGC CCS is one-month LIBOR plus 250 bps, and the annualized rate on the AGM Commi...
103
10K
AegonNV-AR_2019
8,486
In the defined contribution plan administration market, Aegon USA’s largest competitors are Fidelity, Empower, TIAA, Principal
16
annual_report
5176
1,330
The table below describes the payments due under our contractual obligations, aggregated by type of contractual obligation, including the maturity profile of our debt, operating leases and other long-term liabilities, but excludes an estimate of the future cash outflows related to the following liabilities:
44
10K
HannoverRueckSE-AR_2005
1,257
Net book value at 31 December of the previous year 182 082 162 604
14
annual_report
gb_prudential-AR_2002
42
Prudential Corporation Asia (PCA) is the leading European life insurer in Asia with 22 life and fund management operations in 12 countries. Across the region, PCA now has 11 operations with an estimated top five market share
37
annual_report
3217
1,255
As of December 31, 2006, the average option adjusted duration of our fixed-income portfolio was 3.99 years compared to 1.57 years as of December 31, 2005. The increase in our investment duration at December 31, 2006 was due to the investing of the funds from the capital contribution made by Alleghany in the fourth quar...
144
10K
fr_axa-AR_2001
4,433
Exercisable Until f • Item 18 (partie 1) (V5) 1/07/02 11:40 Page F-75 Philippe Jobs Phil 1:JOBS 1:AXA:04-587-COB 2001:COB (US):
20
annual_report
4690
697
In February 2013, the FASB issued an accounting standards update that requires additional disclosures for reclassification adjustments from accumulated other comprehensive income (AOCI). These additional disclosures include changes in AOCI balances by component and significant items reclassified out of AOCI. These disc...
94
10K
PhoenixGroupHoldingsPLC-AR_2019
1,475
The report from the Board Evaluation Review was discussed at a Board meeting in November 2019 before the Board had approved the proposal to acquire ReAssure� The review concluded that the Board operates well with strong and diverse skills and experience, adding that more open business skills and experience would be an ...
125
annual_report
5264
904
The table below shows primary portfolio trends, by year, for the last three years.
14
10K
SwissReAG-AR_2015
2,555
As of 31 December 2015, a real estate portfolio with a carrying value of USD 224 million serves as collateral for short-term senior operational debt of USD 250 million.
29
annual_report
4891
967
We use comparable market earnings multiple data and our Company's market capitalization to corroborate our reporting unit valuations.
18
10K
5556
1,341
The effective tax rate is the ratio of “Total income tax expense (benefit)” divided by “Income (loss) from operations before income taxes”. The Company’s effective tax rate for fiscal years 2018, 2017 and 2016 was 8.8%, 107.5% and 38.4%, respectively. The following is a description of items that had the most significan...
89
10K
gb_prudential-AR_2017
3,709
Core structural borrowings of shareholder‑financed operations note (ii) – (7,220) – (7,220) (6,798) Operational borrowings attributable to shareholder‑financed
18
annual_report
4222
845
Our investments classified as Level 3 consist of auction rate securities which were included in the assets of the LFG Underwriters that were acquired on December 22, 2008, and structured notes that we purchased in the third quarter of 2009. There is no active market for the auction rate securities and they are valued u...
224
10K
StorebrandASA-AR_2005
392
Customers Storebrand Life Insurance maintains its position as one of the global Among the Among the Among the leaders on SRI in the insurance industry global leaders global leaders global leaders
31
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011
1,704
the miscellaneous liabilities contain liabilities of €312m (150m) resulting from reinsurance contracts without significant risk transfer, derivative financial instruments with a negative fair value of €1,039m (441m), and derivative components of variable annuities with a negative fair value of €305m (186m). the miscell...
58
annual_report
3912
1,257
Interest Expense. Interest expense of $53.0 million for 2007 increased $4.9 million or 10.2% from $48.1 million for 2006. These amounts reflect interest on our long-term debt and other borrowings and include the impact from interest rate swaps that we entered into in 2004. Included in interest expense for 2007 was $4.2...
73
10K
gb_prudential-AR_2007
1,153
Structure of share capital, including restrictions on the Corporate governance report 97-98 transfer of securities, voting rights and significant shareholders
20
annual_report
SwissLifeHoldingAG-AR_2013
448
Other members of Corporate Executive Board 1 168 476 0 9 119 246 4 Pursuant to the pension fund regulations, occupational provisions were financed by the employer and the employee at a ratio of 70% to 30%. 5 All contributions are gross contributions, i.e. they include employee contributions to AHV/IV/ALV. Employer cont...
59
annual_report
LloydsBankingGroupPLC-AR_2020
2,187
In addition to a focus on succession planning at Board level, the Committee also has a strong focus on succession planning at an executive level. The Committee continues to consider the overall health of the executive talent pipeline, together with detailed executive succession planning. Key considerations include, for...
70
annual_report
5581
848
We generate leads for our subscription business through both third-party referrals and direct-to-consumer acquisition channels, which we then convert into members through our website and contact center. Veterinary practices represent our largest referral source. We engage our Territory Partners to have face-to-face vis...
190
10K
SwissReAG-AR_2009
635
Changing economic conditions, in particular low interest rates, and the increased cost of funding collateral for regulatory reserves have prompted us to adjust our approach to “Regulation XXX” term coinsurance. We were among the first to raise rates and reprice existing treaties, which led to an expected reduction in n...
51
annual_report
AvivaPLC-AR_2009
681
On 3 November 2009, we completed the Initial Public Offering (IPO) of approximately 42% of Delta Lloyd N.V. raising €1.1 billion (£1 billion). The IPO enabled Aviva to monetise part of its holding in Delta Lloyd, giving Aviva greater financial flexibility, including the option to explore balance sheet restructuring and...
68
annual_report
AssicurazioniGeneraliSpA-AR_2015
4,766
The following table summarises Generali’s reference rates assumptions for its main currencies.
12
annual_report
444
280
In 1997, the Company anticipates that internally generated funds and short-term borrowings will be utilized for repayment of long-term debt. Principal repayments on long-term debt is scheduled to be approximately $6,300,000 in 1997.
33
10K
3615
1,379
The Company is responsible for maximizing economic value within acceptable risk parameters, including the management of the interest rate sensitivity of invested assets, while generating sufficient after-tax income to support policyholder and corporate obligations. The Company’s fixed maturity portfolios and certain in...
153
10K
5056
2,162
Underwriting profit for this group was $21 million in 2014 compared to $12 million in 2013, an increase of $9 million (75%). Higher underwriting profit in the property and inland marine operations, including lower catastrophe losses, was partially offset by lower underwriting profit in the agricultural operations. Cata...
67
10K
HiscoxLtd-AR_2005
363
The Group’s gearing is obtained from a number of sources, including: • letters of credit – in November 2005 the Group secured a £137.5 million facility from a syndicate of banks at a margin of 1.1 per cent
38
annual_report
Sampoplc-AR_2011
1,168
Within the limits set in the Investment Policy, investments are managed actively by utilizing market views and in order to enhance returns the portfolio may also contain equities in addition to fixed income investments.
34
annual_report
fr_axa-AR_2002
1,476
Group pensions business increased by 18%, benefiting from AXA’s strategy of focusing on key distributors in the intermediary market. This has offset a decline in sales of less profitable individual pensions from the exceptional level reached in 2001 when sales were driven by changes to tax legislation.
47
annual_report
5700
5,908
(b)Represents the percentage by which fair value is less than cost at December 31, 2019.
15
10K
666
475
As at September 30, 1997, fees due to the Company were $188, of which $60 was receivable.
17
10K
ASRNederlandNV-AR_2015
1,975
Reclassification of investments from/to Level 3 valuation technique -8 - 8
11
annual_report
4340
1,028
The Company files in numerous state jurisdictions with varying statutes of limitation. The unrecognized state tax benefits are related to returns open from 2006 to 2011.
26
10K
4831
964
Net operating (loss) income and net operating (loss) income per share are non-GAAP measures that represent net (loss) income excluding net realized gains or loss, net of tax. The most directly comparable financial GAAP measures to net operating (loss) income and net operating (loss) income per share are net (loss) inco...
139
10K
4174
1,540
In June 2009, ARIC and AGIL, wholly-owned subsidiaries of the Company, entered into a settlement agreement with Willis Limited, a subsidiary of Willis Group Holdings Limited (“Willis Limited”). The settlement agreement related to an action commenced in 2007 in the English Commercial Court pertaining to the placement of...
74
10K
SwissReAG-AR_2014
2,056
̤ Consists of at least three independent members of the Board of Directors, and each member of the Compensation Committee is elected individually at the AGM for a term of office until completion of the next AGM
37
annual_report
ASRNederlandNV-AR_2008
200
From such time as a sale contract has been concluded for a project with a third party and the main rights to economic benefits and the main risks have been transferred to this party, the result is recognised in proportion to the progress of the project.
46
annual_report
3279
1,474
The 2007 effective tax rate was favorably impacted by various tax settlements.
12
10K
SwissLifeHoldingAG-AR_2015
642
The Corporate Responsibility Report sets out what corporate responsibility means to Swiss Life and what topics are relevant in this context to the company and its stakeholders. It focuses on business activities, society, employees and the environment and is guided by the principle of materiality. For Swiss Life, the re...
120
annual_report
5531
922
The Company amortizes DAC and VOBA on deferred annuities, universal life and variable life insurance contracts over the estimated lives of the contracts in proportion to actual and expected future gross profits. The amortization includes interest based on rates in effect at inception or acquisition of the contracts. Th...
112
10K
NatixisSA-AR_2019
5,903
In accordance with IAS 32, Natixis offsets financial assets and liabilities, and a net balance is presented on the balance sheet, on the twofold condition that it has the legally enforceable right to offset the recorded amounts, and the intention either to settle the net amount or to simultaneously realize the asset an...
56
annual_report
Sampoplc-AR_2013
915
Based on both company and group level information, the Board of Directors of Sampo plc decides on the Group’s capitalization as well as sets the guidelines on the parent company’s debt structure and liquidity reserve. The underlying objective for Sampo plc is to maintain a prudent debt structure and strong liquidity in...
81
annual_report
AegonNV-AR_2008
383
in 2008 to EUR 1.6 billion – a reflection primarily of reduced fees on asset balances and of lower equity markets, which led to reserve strengthening and an accelerated amortization of deferred policy acquisiton costs, particularly in the company’s variable annuities business in the Americas.
45
annual_report
ch_zurich_insurance_group-AR_2019
2,762
The Group recognized gains of USD 33 million and USD 34 million in the consolidated income statement within net investment income on Group investments for the years ended December 31, 2019 and 2018, respectively. The Group also recognized net gains/(losses) of USD 4 million and USD 5 million within administrative and o...
77
annual_report
gb_prudential-AR_2005
1,414
During the year, the Company has complied with Schedule A and
11
annual_report
RSAInsuranceGroupPLC-AR_2014
1,491
Voluntarily Invested Deferred Shares6 ����� ����� 0 0 0 9,442 5NKTMS@QHKX�(MUDRSDC�#DEDQQDC�,@SBGHMF�2G@QDR8 28,613 15,553 0 0 0 44,166
17
annual_report
4274
908
Mars, Iowa, the Peninsula Group owns a facility of approximately 14,600 square feet in Salisbury, Maryland and Sheboygan owns a facility of approximately 8,800 square feet in Sheboygan Falls, Wisconsin.
30
10K
SwissReAG-AR_2014
1,563
Africa (EMEA)/Regional President EMEA Christian Mumenthaler Swiss 45 CEO Reinsurance Moses Ojeisekhoba Nigerian, American 48 CEO Reinsurance Asia/Regional
18
annual_report
DirectLineInsuranceGroupPLC-AR_2013
2,082
Direct GHG emissions are those from sources that are owned or controlled by the Group. Indirect GHG emissions are those that are a consequence of the activities of the Group, but that occur at sources owned or controlled by another organisation. The Group has considered the six main GHGs, reported in CO2e tonnes equiva...
83
annual_report
5283
755
Operating Leases - We lease office space and furniture under operating lease agreements with terms typically ranging from three to twenty years. We have determined that there is not a large concentration of leases that will expire in any one fiscal year. Consequently, management anticipates that any increase in future ...
138
10K
StandardLifeAberdeenPLC-AR_2016
2,127
Earnings per share from continuing operations Basic (pence per share) 13 18.7 13.5 Diluted (pence per share) 13 18.6 13.4
20
annual_report
4559
1,140
The following table presents a reconciliation of the benefit obligation and plan assets from the beginning to the end of the year. As these plans are unfunded, funded status is equivalent to the accrued benefit liability.
36
10K
5412
1,553
Rue Insurance placed insurance policies with the Insurance Subsidiaries for its customers and itself. Direct premiums written associated with these policies were $11.1 million in 2017, $10.4 million in 2016, and $9.6 million in 2015. In return, the Insurance Subsidiaries paid standard market commissions, including supp...
84
10K