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5139
1,058
Overview. The primary drivers of the decrease in operating earnings were: (i) a tax charge and a related charge for interest on uncertain tax positions in 2015, (ii) lower investment yields, (iii) an adjustment to better align the allocation of acquisition expenses with affiliates’ sales revenue that decreased 2014 exp...
118
10K
5434
675
Stockholders' Equity. The following table summarizes our beginning and ending stockholders' equity balance and the changes thereto for each of the years ended December 31, 2017, 2016, and 2015:
29
10K
PowszechnyZakladUbezpieczenSA-AR_2016
941
Board of PZU approved the updated PZU Group Strategy 2016-2020. The Management Board specified three key strategic directions: profitability, growth, and innovation.
22
annual_report
2163
1,572
Anthem Insurance sponsors a defined benefit pension plan. Anthem Health Plans of New Hampshire, Inc. and Anthem Health Plans of Virginia, Inc. sponsored defined benefit pension plans prior to their merger with the Anthem Insurance plan.
36
10K
AegonNV-AR_2010
399
Indeed, one of AEGON’s keys strategic priorities continues to be to improve its risk-return profile. We have reduced our exposure to equity and credit markets and are shifting our focus from spread to fee-based business, particularly in the United States and the Netherlands.
43
annual_report
HannoverRueckSE-AR_2007
302
We are one of the market leaders in credit and surety reinsurance in North America. In the year under review we again maximised the attractive business opportunities.
27
annual_report
3828
956
incurred on notices of default not yet reported. In accordance with GAAP for the mortgage insurance industry, we do not establish loss reserves for future claims on insured loans which are not currently in default.
35
10K
1931
190
5. Statements of Cash Flows for the years ended December 31, 2002, 2001 and 2000 18
16
10K
3279
1,374
Interest paid during 2007, 2006 and 2005 was $417.1, $343.0 and $238.7, respectively.
13
10K
2404
804
Related Party Financing. USHEALTH received debt financing to fund an $11 million capital contribution to FLICA in April 2001 from Credit Suisse First Boston Management LLC, (“CSFBM”), which is an affiliate of SSHW (USHEALTH’s largest common stockholder), and a subsidiary of Credit Suisse First Boston LLC (“CSFB”). The ...
236
10K
RaiffeisenBankInternationalAG-AR_2017
170
Annual General Meeting and dividend proposal RBI’s Annual General Meeting that took place on 22 June 2017 approved all of the proposed resolutions relating to the individual agenda items. Erwin Hameseder (President of Raiffeisen-Holding NÖ-Wien Beteiligungs GmbH) was elected new Chairman of the RBI Supervisory Board. T...
178
annual_report
4529
24,242
Investment returns are based on the current yields and maturities of our fixed income portfolio combined with expected reinvestment rates given current market interest rates. Reinvestment rates are assumed to revert to long-term rates implied by the forward yield curve and long-term default rates. Contractually permitt...
58
10K
4911
1,483
The fair value of CMBS holdings remained stable throughout 2014. The majority of our investments in CMBS are in tranches that contain substantial protection features through collateral subordination. The majority of CMBS holdings are traditional conduit transactions, broadly diversified across property types and geogra...
45
10K
Sampoplc-AR_2003
1,693
Liabilities to credit institutions and central banks 6 - 77 -
11
annual_report
SwissReAG-AR_2015
4,000
For our core re/insurance business, climate change represents a key material issue. Reflecting this, we have been focusing on our own CO2 emissions and energy consumption for many years. Our pioneering initiatives include the Greenhouse Neutral Programme and the COyou2 Programme. Both are now into their second cycles, ...
53
annual_report
NatixisSA-AR_2008
453
In addition to activity reports from the Executive Board giving an account of events between two meetings and the trends in business markets, the Board was kept regularly informed of measures affecting the Natixis organization, in the Departments of the parent company itself or in its subsidiaries.
47
annual_report
BeazleyPLC-AR_2020
2,503
Interest on lease liabilities 2.0 0.4 – 2.4 Additions to lease portfolio 41.1 18.7 0.1 59.9 Foreign exchange gain 2.8 0.9 – 3.7
23
annual_report
AegonNV-AR_2008
1,146
Two separate meetings, in March and September, were devoted to AEGON’s filings during the year with the US Securities and Exchange Commission. These comprised the company’s: 2007 Annual Report (Form 20-F); ��
32
annual_report
4674
1,602
The interest related to the debt by period is as follows: $19.8 million - less than 1 year, $36.5 million - 1 - 3 years, $32.1 million - 3 - 5 years and $120.5 million - more than 5 years. In addition, included within debt and interest is $168 million related to the Maiden collateral loan and $1.9 million of associated...
62
10K
NatwestGroupPLC-AR_2014
3,990
• Key milestones achieved in 2014 include: ° partial IPO of CFG; ° run down of RCR and CIB assets; and
21
annual_report
5315
1,440
The following table summarizes the significant unobservable inputs used in our recurring Level 3 fair value measurements as of December 31, 2015:
22
10K
4689
1,747
Short-term investments are carried at fair value which approximates cost. On a regular basis the Company compares market prices for these securities to recorded amounts to validate that current carrying amounts approximate exit prices. The short-term nature of the investments and corroboration of the reported amounts o...
56
10K
5526
804
Segment income in 2017 was $1.61 billion, $369 million or 19% lower than segment income of $1.98 billion in 2016. The decrease in segment income before income taxes primarily reflected the pre-tax impacts of (i) significantly higher catastrophe losses, (ii) lower other income due to a favorable settlement of a reinsura...
170
10K
2704
1,048
Premiums receivable increased as a result of the increase in writings in nonstandard personal auto. This balance is comprised primarily of premiums due from insureds for nonstandard personal auto. The nonstandard personal auto premiums are written with a down payment and monthly payment terms of up to four months. The ...
68
10K
NatwestGroupPLC-AR_2010
1,104
Insurance net premium income fell by £443 million reflecting lower bancassurance fees, £288 million, and lower general insurance premiums, £155 million.
21
annual_report
4879
1,184
Our retrospective adoption of the update to ASC 323 as of January 1, 2015 will result in a cumulative effect decrease in stockholders' equity as of January 1, 2015, 2014, and 2013 of approximately $30 million, $19 million, and $8 million, respectively. Our net income and earnings per share assuming dilution will be imp...
56
10K
3771
1,116
HighMount’s results also contributed to the loss from continuing operations and include a non-cash impairment charge of $691 million ($440 million after tax) related to the carrying value of natural gas and oil properties, and a non-cash charge related to the impairment of goodwill of $482 million ($314 million after t...
80
10K
5688
16,385
Items not yet recognized as a component of net cost - December 31, 2019
14
10K
NatixisSA-AR_2019
5,271
Significant influence is the power to participate in the financial and operating policy decisions of the corporate entity owned without having control over such policies. A significant influence is presumed to exist if Natixis directly or indirectly owns at least 20% of the voting rights of the company in question. IAS...
75
annual_report
AegonNV-AR_2011
2,124
The Netherlands is Swiss Re while the non-life reinsurance is diversified across several providers including Lloyds market syndicates. The major reinsurers of AEGON Hungary for nonlife are Swiss Re, Munich Re and Hannover Re and for life insurance are Munich Re and RGA. AEGON Spain’s major reinsurers are General Re, RG...
56
annual_report
NatixisSA-AR_2014
8,955
V Businesses V Institutions V Retail customers V Banque Populaire and Caisse d’Epargne networks
14
annual_report
4008
752
The Company’s comprehensive income (loss) consists of net income (loss), unrealized gains and losses on securities available for sale, fair value adjustments from the ownership of a derivative financial instrument and minimum additional pension liability, net of applicable income taxes. Other than net income (loss), th...
64
10K
4365
954
Our deferred income taxes are determined based on the estimated future tax effects of differences between the financial statement and tax bases of assets and liabilities, given the provisions of enacted tax laws. Deferred income tax provisions and benefits are based on changes to the assets or liabilities from year to ...
121
10K
BaloiseHoldingLtd-AR_2006
242
We create and maintain value-generating jobs. We make responsible use of natural resources.
13
annual_report
2695
2,165
The interest rate on the Series A notes is a floating rate equal to LIBOR plus 0.875% per year. The interest rate ranged from 2.0% to 3.4% in 2004 and 1.94% to 2.29% in 2003.
35
10K
512
542
Periods of inflation have varying effects on the Company's subsidiaries as well as other companies in the insurance industry. Inflation contributes to higher claims and related costs and operating costs as well as higher interest rates which generally provide for potentially higher interest rates on investable cash flo...
119
10K
2820
228
The Company produced an overall savings on the handling of prior year claims during 2005 of $13.7 million. This net savings is included in the computation of loss ratios shown in the table insert. Approximately $8.0 million of this savings relates to retrospectively-rated contracts whereby return premiums were recorded...
137
10K
AdmiralGroupPLC-AR_2015
2,672
The Board considers that only the Executive Directors of Admiral Group plc are key management personnel. Aggregate compensation for the Executive Directors is disclosed in the Directors’ Remuneration Report on pages 59 to 68.
34
annual_report
1304
285
Certain directors of the Company are also owners, directors, or officers of Inter-Atlantic Capital Partners, Inc. ("Inter-Atlantic"). In 1998 the Company entered into an agreement with Inter-Atlantic, whereby Inter-Atlantic agreed to provide financial advisory services to the Company in connection with its organization...
82
10K
StandardLifeAberdeenPLC-AR_2012
702
The Board is ultimately responsible for the Group’s system of internal controls and the ongoing management of significant matters. Furthermore, the audit committee is responsible for ensuring appropriate internal controls are in place for the Group financial consolidation and reporting processes. These bespoke controls...
129
annual_report
fr_axa-AR_2008
4,845
Data used when calculating the fair value of financing debt (financing debt instruments issued or financing debt owed to credit institutions) are period-end market data that reflect (i) market interest rates by currency, (ii) AXA’s average spread by maturity and currency, distinguishing subordinated and senior debt and...
99
annual_report
TrygAS-AR_2007
1,127
“There is a lot of potential to explore here. It generates a whole new energy. Instead of asking, we get customers to show us, so that product development is on their terms as much as possible,” says Stig Ellkier-Pedersen.
39
annual_report
HannoverRueckSE-AR_2013
3,018
Talanx Reinsurance Broker AG grants Hannover Rück SE and E+S Rückversicherung AG a preferential position as reinsurers of cedants within the Talanx Group. In addition, Hannover Rück SE and E+S Rück AG are able to participate in the protection covers on the retention of Group cedants and share in the protection afforded...
81
annual_report
HiscoxLtd-AR_2020
2,641
Hiscox Group insurance carriers 15.6 (34.6) (114.8) (130.5) Hiscox Group insurance intermediaries (1.5) 5.8 (14.4) (6.7) Other Hiscox Group companies 32.8 31.1 22.6 0.4
24
annual_report
4016
1,006
When an issue insured by Ambac Assurance has been retired, including those retirements due to refunding or calls, the remaining unrecognized premium is recognized at that time to the extent the financial guarantee contract is legally extinguished. Accelerated premium revenue for retired obligations for the year ended D...
157
10K
NatwestGroupPLC-AR_2018
1,978
Risk-weighted assets The table below analyses the movement in credit risk RWAs on the end-point CRR basis during the year, by key drivers.
23
annual_report
NatixisSA-AR_2020
10,515
The integration of climate issues is key to Ostrum AM, a reflection on the carbon measurement of the portfolios was initiated in 2019, and a new methodology for alignment with the IPCC temperature scenarios was initiated in 2020, in order to be able to report to its clients on the impact of their portfolio. Dedicated t...
84
annual_report
TrygAS-AR_2003
1,173
Cash generated from operations Premiums 17,479 Claims paid -11,076 Ceded business -562 Expenses -3,542 Change in other payables and other amounts receivable -254 Cash flow from insurance activities 2,045 Interest and dividends 1,393 Taxes -256 Total cash generated from operations 3,182
41
annual_report
gb_prudential-AR_2015
2,524
Reserves Profit for the year – – 2,579 – – 2,579 – 2,579 Other comprehensive income: Exchange movements on foreign operations and net investment hedges, net of related tax – – – 118 – 118 – 118
37
annual_report
de_allianz-AR_2009
2,229
Cash flow from operating activities Net income (loss) 4,345 (2,187) 8,714 Adjustments to reconcile net income (loss) to net cash flow provided by operating activities
25
annual_report
3982
1,335
As of December 31, 2009 and 2008, the Company had outstanding mortgage loan commitments of $175.2 million at an average rate of 6.34%, and $525.2 million, at an average rate of 6.43%.
32
10K
NatixisSA-AR_2019
2,629
In the event that negative real or hypothetical P&L levels exceed the VaR calculation for the same day, an analysis is performed and explanations provided according to internally-defined criteria.
29
annual_report
StandardLifeAberdeenPLC-AR_2018
1,509
Directors’ liability insurance During 2018, the Company maintained directors’ and officers’ liability insurance on behalf of its directors and officers to provide cover should any legal action be brought against them. The Company also maintained pension trustee liability indemnity policies (which includes third party i...
63
annual_report
4713
16,315
The expected return on plan assets was determined based on historical and expected future returns of the various asset categories, using the plans’ target plan allocation. We reevaluate this assumption each plan year. For 2014, our expected return on plan assets is 7.82% for the U.S. plans and 5.50% for the non-U.S. pl...
53
10K
2997
969
Conversely, decreasing the assumed health care cost trend rates by one percentage point in each year would decrease the accumulated postretirement benefit obligation at December 31, 2006 by $1,058, and the aggregate of the service and interest cost components of net periodic postretirement benefit expense for 2006 by $...
60
10K
fr_axa-AR_2016
8,911
Resolution Plan (“RRP”) which have entailed signifi cant new processes, reporting and compliance burdens and costs.
16
annual_report
4364
1,356
Deferred income taxes represent the tax effect of the differences between the book and tax bases of assets and liabilities. The tax effect of temporary differences, which give rise to the deferred tax assets and liabilities as of December 31, 2011 and 2010, are as follows:
46
10K
4828
2,537
Share-based compensation expense is based on the grant date fair value using grant date closing price, the lattice, Monte Carlo or Black-Scholes pricing models. The Company amortizes the fair value of share-based awards on a straight-line basis over the requisite service periods of the awards, which are generally the v...
98
10K
3685
3,627
Interest credited and benefits paid to policyholders amounted to $208.7 million in fiscal 2008 as compared to $217.7 million in fiscal 2007 and $242.2 million in fiscal 2006. These represent a decrease of 4.1% comparing fiscal 2008 to fiscal 2007 and a 10.1% decrease comparing fiscal 2007 to fiscal 2006.
50
10K
AegonNV-AR_2011
5,677
Underlying earnings before tax for Guardian life and pension totaled GBP 23 million in 2010. Gross written premiums for 2010 was GBP 129 million and net income for 2010 was GBP 26 million.
33
annual_report
de_allianz-AR_2006
858
• As a provider of financial services, we consider risk management one of our core competencies. It is therefore an integrated part of our business processes.
26
annual_report
ch_zurich_insurance_group-AR_2004
592
• General Insurance business operating profit decreased by USD 766 million to USD 1.4 billion, as a result of the USD 2.1 billion net strengthening of reserves related to prior accident years. In addition, General Insurance incurred losses of USD 680 million related to the hurricanes and USD 82 million related to the D...
68
annual_report
2162
413
Most of the insurance policies we write have a one year policy term. The written premiums associated with policies we write are earned ratably over the year in which we provide insurance coverage. This means that rate increases that we implement will not be fully earned for up to 24 months as policyholders who renewed ...
86
10K
2855
1,145
Rent expense for the aforementioned leases amounted to $10,018, $8,507 and $7,434 for the years ended December 31, 2005, 2004 and 2003, respectively. Total future rental receipts under lease and sublease agreements are estimated at $16.
36
10K
SwissReAG-AR_2019
2,047
The PSU component is based on relative TSR, measured against a pre-defined basket of peers, and vests within a range of 0% to 200%. For both the LPP 2016 and LPP 2017, the performance factor for the PSUs was 0% for the three-year period. The table below gives an overview of the RSU and PSU performance achievement for t...
74
annual_report
Sampoplc-AR_2006
1,252
The most noteworthy of the insurance risks related to pension insurance is the increase in life expectancy. The assumed life expectancy in group pension premiums and liabilities was raised in 2002.
31
annual_report
5332
1,146
We generally issue senior unsecured notes for long-term borrowing purposes. Certain of these notes may have a call feature that allows us to redeem the notes at any time at our option and/or a put feature that allows a note holder to redeem the notes upon the occurrence of both a change in control event and a downgrade...
66
10K
PhoenixGroupHoldingsPLC-AR_2019
1,243
The main focus of the Phoenix Group Holdings Board is on Group strategy and performance, with input from Board committees� The chart below sets out the main activities of the Phoenix Group Holdings Board and its Committees� More detailed operational and customer-focused matters are addressed at the subsidiary board and...
79
annual_report
nl_ing_grp-AR_2013
4,822
• Real estate: mainly resulting from impairments and the sale of assets. • Equity investments: mainly resulting from the lower value of equity investments (sale of Kookmin Bank and price decreased in July/
33
annual_report
SwissLifeHoldingAG-AR_2015
1,796
Benefits and claims under investment contracts with discretionary participation –932 – – – – – –932 – –932
18
annual_report
2387
1,278
At year-end 2004, our IBNR was 75.6% of our loss reserves for environmental claims.
14
10K
SwissReAG-AR_1996
875
P ro v is io n s fo r u n e a rn e d p re m iu m s 997 - 25 972 898 - 27 871
30
annual_report
980
159
A number of civil jury verdicts have been returned against insurers in the jurisdictions in which the Company does business involving the insurers' sales practices, alleged agent misconduct, failure to properly supervise agents, and other matters. Increasingly these lawsuits have resulted in the award of substantial ju...
180
10K
AegonNV-AR_2006
3,138
Proceeds, realized gains and realized losses from sales of available-for-sale instruments 2006 2005
13
annual_report
ch_zurich_insurance_group-AR_2019
2,517
c) Insurance contracts and investment contracts with discretionary participating features (DPF) Classification Contracts issued that transfer significant insurance risk to the Group and obligations arising from investment contracts with DPF are accounted for as insurance contracts.
36
annual_report
PhoenixGroupHoldingsPLC-AR_2015
1,332
All-employee share plans To encourage share ownership by employees, thereby allowing them to share in the longterm success of the Group and align their interests with those of the shareholders
30
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012
1,784
Allocation of goodwill to cash-generating units For impairment testing, the goodwill is allocated to the cash-generating units or groups of cash-generating units that derive benefit from the synergies of the business combination. At the same time, the unit or group of units to which the goodwill is allocated represents...
119
annual_report
fr_axa-AR_2016
2,704
Number of AXA shares held on December 31, 2016: Born on December 5, 1954
14
annual_report
3525
900
The combined ratio in the Other States for 2007 improved substantially compared to 2006 primarily due to favorable development on prior year loss reserves in New York.
27
10K
5587
1,572
Ceding commission income. Ceding commission income increased by $102.3 million, or 88.6%, from $115.4 million for the year ended December 31, 2017 to $217.7 million for the year ended December 31, 2018, primarily driven by an increase in ceded earned premium to the Quota Shares.
45
10K
ASRNederlandNV-AR_2012
1,318
Insurance claims and benefi ts recovered from reinsurers 126 16 - - 142
13
annual_report
5881
1,278
is an earnings allocation formula that determines earnings per share separately for each class of common stock based on dividends declared and an allocation of remaining undistributed earnings using a participation percentage that reflects the dividend rights of each class.
40
10K
INGGroepNV-AR_2016
826
Putting our strategy into practice – our business activities in 2016 Industry Lending Industry Lending is a high value-added product for clients and ING. Our Industry Lending teams provide financing to clients in selected markets based on specialist industry knowledge and expertise. Industry Lending is broadly diversif...
148
annual_report
5792
1,237
Beneficient also has assets and liabilities measured at fair value on a non-recurring basis including loan receivables, fees receivable and other borrowings. As of December 31, 2019, all of the Beneficient’s assets and liabilities were recorded at fair value in the consolidated balance sheet due to the application of p...
56
10K
RaiffeisenBankInternationalAG-AR_2011
1,956
Write-ups, amortization, depreciation, impairment Carrying amount hereof hereof € 000 Cumulative Write-ups Depreciation 31/12/2011
14
annual_report
NNGroupNV-AR_2019
443
Our commitment to playing a positive role in society is key to attracting young talents. They value companies that place an emphasis on sustainability and have a social mission, as they care about the societal impact of their work and of their employer’s products and services.
46
annual_report
StorebrandASA-AR_2017
773
Storebrand Sandbox. The Group’s �ntech programme for students. 10 students were accepted from 300 applicants in 2017. The students use Storebrand’s work methods to arrive at proposed solutions that are ready for the market. The students also take courses in Lean Startup, presentation techniques and teambuilding.
46
annual_report
5807
2,065
The Company also has intangible assets representing deferred sales inducements (“DSI”) and the value of distribution agreements (“VODA”) which are included in other assets. The Company defers sales inducements and amortizes them over the life of the policy using the same methodology and assumptions used to amortize DAC...
137
10K
INGGroepNV-AR_2009
388
In China, ING has a 16.7% stake in Bank of Beijing, the largest city commercial bank in China.
18
annual_report
LloydsBankingGroupPLC-AR_2016
3,078
Although the SRB will apply at a sub consolidated level within the Group’s structure, the PRA have indicated that they will include in the PRA Buffer that applies to the Group an amount equivalent to the RFB’s Systemic Risk Buffer. The amount included in the PRA Buffer is expected to be lower as a percentage of Group R...
82
annual_report
fr_axa-AR_2016
8,141
Moreover, caps on infl ationary increases are in place to protect the plan against extreme infl ation in the United Kingdom and in the United States.
26
annual_report
BeazleyPLC-AR_2016
1,052
Shareholders The committee is determined to follow best practice developments and considers – indeed welcomes – the views of shareholders. It was encouraged by, and grateful for, a favourable vote of 97% on last year’s annual remuneration report, and 98% on our remuneration policy when it was approved in 2014.
50
annual_report
NatixisSA-AR_2007
7,072
Net gains or losses on available-for-sale fi nancial assets principally comprise gains or losses on sale and impairment losses on variable-income securities.
22
annual_report
2729
1,249
The loss ratio for our commercial lines segment for 2004 was 50.9% as compared to 39.6% for 2003. The increase in our loss ratio for 2004 as compared to 2003 was primarily attributable to losses incurred from four hurricanes which caused significant property damage in Florida during August and September of 2004. We inc...
99
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_1999
793
Contingent Assets IAS 38 Intangible Assets IAS 39 Financial Instruments: Recognition and
12
annual_report
4557
1,961
We offer a range of GMDB to our contractholders. The table below presents GMDB, by benefit type, at December 31, 2012:
21
10K
SwissReAG-AR_1995
11
With a price increase of 211.0% since 1 January 1987, Swiss Re's registered shares have performed substantially better than the Swiss stock market (+88.8%) and Swiss insurance shares (+69.1%).
29
annual_report
2404
1,219
Basis of Presentation. The consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and include the accounts of USHEALTH Group, Inc. and its subsidiaries. All significant inter-company accounts and transactions have been eliminated. Certain...
58
10K
1903
435
Due to the numerous factors influencing this liability, we develop a series of estimates based upon generally accepted actuarial projection methodologies using various scenarios with respect to claim submission and payment patterns and cost trends. Our policy is to record our best estimate of medical and other benefits...
114
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2002
737
In order to evaluate terrorism risks, the risk situation has to be made transparent and the risk in question limited to an acceptable degree. It is then possible to calculate an appropriate price for the risk assumption.
37
annual_report