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5513
4,112
There were no related party transactions during 2018, 2017 or 2016.
11
10K
3630
1,238
The net paid loss ratio is the percentage of losses paid, net of reinsurance, divided by net earned premium for the period. Our net paid loss ratios were 54.0%, 49.3% and 36.3% in 2008, 2007 and 2006, respectively. The ratio has increased steadily over the past three years due to a variety of factors. In the fourth qua...
95
10K
BaloiseHoldingLtd-AR_2005
326
The Customer Value Model signifies a paradigm change for the Baloise and its staff, away from the previously applied product-oriented approach. Instead of differentiating by customer segments, the focus is on the profitability of customer relationships. Nowadays, market image depends less on a company’s products and mo...
64
annual_report
4157
916
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of HealthSpring, Inc. and subsidiaries as of December 31, 2010 and 2009, and the results of their operations and their cash flows for each of the years in the three-year period ended ...
96
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007
691
With real growth of 2.1%, Japan’s economy also lost some momentum.
11
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008
2,149
Under IAS 12, deferred tax liabilities must be recognised if asset items have to be valued higher, or liabilities items lower, in the consolidated balance sheet than in the tax accounts of the reporting company and these differences will be eliminated at a later date with a corresponding impact on taxable income (tempo...
60
annual_report
4710
1,306
(1) Montpelier at Lloyds’ ending reinsurance recoverable at December 31, 2013 and 2012 includes a recoverable from Montpelier Bermuda pursuant to an inter-segment reinsurance contract of $8.4 million and $13.3 million, respectively. The effects of these inter-segment reinsurance contracts are eliminated in consolidatio...
43
10K
494
574
Range of exercise prices $18.13-$26.00 $22.38-$26.00 Weighted average exercise price $22.33 $25.08 Weighted average remaining contractual life 11.07 11.63 Exercisable at end of year 657,895 15,625 Weighted average exercise price of options exercisable at end of year $22.25 $26.00
39
10K
5272
923
of the hedging instrument is recognized in OCI as part of the cumulative translation adjustment, while the ineffective portion is recognized immediately in earnings.
24
10K
4715
9,116
If the ultimate liabilities equate to the mean actuarial estimate, then the impact from the change in loss reserves would be to increase net income before tax by $359.5 million (being the difference between the selected loss reserves of $4,678.9 million
41
10K
fr_axa-AR_1999
3,210
The Company anticipates that cash dividends received from operating subsidiaries will continue to cover its operating expenses including planned capital investment in existing operations, interest payments on its outstanding debt and mezzanine capital, and dividend payments during each of the next three years. The
44
annual_report
AegonNV-AR_2011
1,138
2010 results included a GBP 25 million customer redress charge (2009 GBP 38 million).
14
annual_report
4241
841
The total Company range amounts below were determined by combining the simulated results for each segment into one analysis which estimates a company-wide range reflecting the fact that the individual lines of business are not perfectly correlated. This calculation reflects the reduced volatility benefit from a diversi...
72
10K
fr_axa-AR_2003
513
– the central Risk Management team carries out an annual review of insurance reserves established by the operating entities for the property/casualty and reinsurance business lines. In life insurance, the Risk Management team reviews the main assumptions made by operating entities in determining their future policyhold...
63
annual_report
2390
547
Future policy benefit and expense reserves for fixed annuities (which we no longer offer) consist of policy account balances before applicable surrender charges and deferred policy initiation fees that are being recognized in income over the terms of the policies. Policy benefits charged to expense during the period in...
112
10K
5089
1,115
Commissions and fees of $637 million were $25 million, or 3.8 percent, lower in 2015 compared with 2014.
18
10K
3688
1,396
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
14
10K
ch_zurich_insurance_group-AR_2017
859
PwC assumes all auditing functions which are required by law and by the Articles of Association of Zurich Insurance Group Ltd. The external auditors are appointed by the shareholders of Zurich Insurance Group Ltd annually. At the Annual General Meeting on March 29, 2017, PwC was re-elected by the shareholders of Zurich...
111
annual_report
SwissReAG-AR_2013
2,659
Income attributable to non-controlling interests –134 –7 –141 net income after attribution of non-controlling interests 3 008 777 196 183 93 0 4 257
24
annual_report
NatwestGroupPLC-AR_2009
824
In Ireland, Ulster Bank competes in retail and commercial banking with the major Irish banks and building societies, and with other UK and international banks and building societies active in the market.
32
annual_report
AegonNV-AR_2015
4,422
GBP 250 million Medium-Term Notes 6.125% December 15 1999 / 31 337 320
13
annual_report
RSAInsuranceGroupPLC-AR_2020
1,174
· Drove employee welfare, safety and operational resilience in response to Covid-19, e.g. facilitation of remote and flexible working, review of dependent carer/compassionate leave policies, mental health toolkit. Employee surveys show this has been very well received.
37
annual_report
gb_lloyds_banking_grp-AR_2008
1,105
During October 2008, as part of the co-ordinated package of capital and funding measures for the UK banking sector, implemented by HM Treasury, the Group participated in the Government Funding Package and thereby facilitated access to the UK Government backed provision of liquidity.
43
annual_report
4230
2,132
the time the impairment was recorded, was partially driven by general credit spread widening or liquidity concerns and we believe the recoverable value of the investment, based on the expected future cash flows, is greater than the current fair value.
40
10K
RSAInsuranceGroupPLC-AR_2009
650
Key features of the current internal control systems of the Group include internal audit, the corporate governance framework, dialogue with institutional shareholders, constructive use of the AGM and the areas explained below.
32
annual_report
2266
469
The following table summarizes changes in the Company’s allowance for doubtful accounts for the years ended May 31, 2003, 2002 and 2001:
22
10K
5283
616
Intercompany trading. Adjustments to eliminate trading between Legacy Willis and Legacy Towers Watson of $1 million for the year ended December 31, 2015.
23
10K
AegonNV-AR_2010
3,584
Assumptions used to determine net periodic benefit costs for the year ended December 31, 2010: Discount rate 5.70% 6.00%
19
annual_report
4732
672
We were successful in our bids for state-based contracts in Florida and Virginia in 2013 and Ohio, Illinois, and Kentucky in 2012. Ohio, Illinois, and Virginia are contracts for stand-alone dual eligible demonstration programs serving individuals dually eligible for both the federal Medicare program and the state-based...
175
10K
nl_ing_grp-AR_2011
4,432
NOTIONAL AMOUNTS Represent units of account which, in respect of derivatives, reflect the relationship with the underlying assets. They do not reflect, however, the credit risks assumed by entering into derivative transactions.
32
annual_report
StorebrandASA-AR_2013
1,599
Group exercises significant influence are consolidated in accordance with the equity method. Interests in joint ventures are consolidated in accordance with the proportionate consolidation method, which includes the share of revenues, expenses, assets and liabilities in the appropriate lines in the financial statements...
43
annual_report
nl_ing_grp-AR_2012
610
The results were significantly affected by the transformation of the investment portfolio. As part of the long-term balance sheet optimisation strategy, priority is given to the own-originated assets, while investments portfolios fulfil the role of liquidity pools. At the same time the balance sheet was shortened by a ...
58
annual_report
BaloiseHoldingLtd-AR_2011
886
The�admissibility�of�nominee�registrations,�with�reference� to�possible�percentage�clauses�and�registration�requirements� are�governed�by�§�5�of�the�Articles�of�Incorporation��Procedures� and�requirements�for�revoking�and�restricting�transferability� are�governed�by�the�provisions�of�§�5�and�§�17� www.baloise.com → Res...
35
annual_report
4046
1,180
We determine our expected long-term rate of return, which is an assumption as to the average rate of earnings expected on the pension plan funds invested, or to be invested, to provide for the settlement of benefits included in the projected pension benefit obligation. Investment securities, in general, are exposed to ...
136
10K
3848
726
Financial Highlights of Results for years ended December 31, 2008, 2007, and 2006;
13
10K
ch_zurich_insurance_group-AR_2017
442
Cross-shareholdings Zurich Insurance Group Ltd has no interest in any other company exceeding 5 percent of the voting rights of that other company, where such other company has an interest in Zurich Insurance Group Ltd exceeding five percent of the voting rights in Zurich Insurance Group Ltd.
47
annual_report
RSAInsuranceGroupPLC-AR_2006
401
The directors of Royal & Sun Alliance Insurance Group plc present their report and the audited financial statements of the Company for the year ended 31 December 2006.
28
annual_report
fr_axa-AR_2019
8,649
■ Our work also consisted in assessing the statistical methods and actuarial inputs applied, as well as of the assumptions used, with respect to the applicable regulations, market practices, and the economic and financial context of the AXA Group taking into account contrary and corroborating evidence.
46
annual_report
RSAInsuranceGroupPLC-AR_2017
67
For more information see pages 26-27 a. Personal 69% b. Commercial 31%
12
annual_report
2318
548
As discussed in note 3 to the consolidated financial statements, effective January 1, 2002, the Company adopted Statement of Financial Accounting Standard 142, “Goodwill and Other Intangible Assets”.
28
10K
AvivaPLC-AR_2014
516
This is our life and we wanted it back to normal as quickly as possible. We were so impressed with the help and support that Aviva offered.
27
annual_report
3180
499
The following table summarizes information relating to initial franchise fees for basic services.
13
10K
4822
831
Since inception and prior to June 30, 2013, we recorded a valuation allowance against deferred tax assets, and, as such, we generally did not record a benefit associated with the losses incurred in prior periods or other income tax benefits. The income tax provision or benefit recognized in prior periods related to cha...
165
10K
SwissLifeHoldingAG-AR_2005
598
The Investment and Risk Committee of the Board of Directors receives regular reports on the overall risk situation of the individual companies and also of the Swiss Life Group as a whole. It assesses the situation and determines appropriate measures. It also ensures that the risk management processes are up to the abov...
54
annual_report
PosteItalianeSpA-AR_2016
1,251
Generally, at this stage in the assessment, no significant effects have been identified.
13
annual_report
5406
2,627
The effect of reinsurance and retrocessional activity on premiums written and earned from property and casualty operations is shown below:
20
10K
StandardLifeAberdeenPLC-AR_2009
350
Strong underwriting discipline and rigorous expense control saw the underwriting profit increase by 8% to £13m despite the reduction of in-force premium income. The claims ratio was kept broadly in line with 2008 performance.
34
annual_report
4056
1,484
Where contract terms on excess of loss contracts require the mandatory reinstatement of coverage after a client’s loss, the mandatory reinstatement premiums are recorded as written and earned premiums when the loss event occurs.
34
10K
GjensidigeForsikringASA-AR_2011
1,708
Expected rates of return on plan assets are based on current asset allocations. Expected return is determined in conjunction with external advisers and takes into account both current and future market expectations when these are available and historical returns. The actual return on plan assets amounted to 3.27 per ce...
53
annual_report
4558
557
· our use of derivative financial instruments within our risk management strategy may not be effective or sufficient;
18
10K
4659
2,932
Equity securities classified as available-for-sale include preferred and certain common stock securities, and are carried at fair value on the Consolidated Statements of Financial Position with all changes in unrealized gains and losses reflected in other comprehensive income. At December 31, 2012, the unrealized gain ...
91
10K
1113
520
We use computer models to simulate the cash flows expected from our existing business under various interest rate scenarios. These simulations enable us to measure the potential gain or loss in fair value of our interest rate-sensitive financial instruments. With such estimates, we seek to closely match the duration of...
283
10K
295
228
Health Power HMO acquired certain contract rights from ChoiceCare Health Plans, Inc., an Ohio corporation ("ChoiceCare"), which enabled approximately 12,000 Hamilton County ADC Medicaid recipients previously served by ChoiceCare to be automatically enrolled in Health Power HMO as of July 1, 1996. The purchase price for...
78
10K
5705
2,123
An in-depth internal review of AFG’s A&E reserves was also completed in the third quarter of 2018. As a result of the 2018 internal review, AFG’s property and casualty insurance segment recorded an $18 million pretax special charge to increase
40
10K
HannoverRueckSE-AR_2008
2,032
Net book value at 31 December of the previous year 56,390 45,030
12
annual_report
75
351
These derivative financial instruments have off-balance-sheet risk. Financial instruments with off-balance-sheet risk involve, to varying degrees, elements of credit and market risk in excess of the amount recognized in the consolidated balance sheet. The contract or notional amounts of these instruments reflect the ex...
129
10K
ScorSE-AR_2020
60
*** In December 2019, SCOR issued a perpetual note in the amount of USD 125 million. These new notes are assimilated and form a single series with the existing USD 625 million perpetual deepy surbordinated notes issued on March 2018. The new notes issue bear the same terms and conditions as the original notes.
54
annual_report
3865
1,768
Earnings per share. In 2008, the FASB issued FASB Staff Position EITF 03-6-1, “Determining Whether Instruments Granted in Share-Based Payment Transactions Are Participating Securities,” to require outstanding unvested share-based payment awards that contain rights to nonforfeitable dividends to be included in the denom...
91
10K
PowszechnyZakladUbezpieczenSA-AR_2014
1,461
Due to the new companies acquired by PZU Group in this region, the data for this segment for 2014 include the data from all companies, including the newly-acquired ones.
29
annual_report
AegonNV-AR_2002
335
Net income was EUR 523 million compared to EUR 696 million for 2001. Depressed equity markets led to an additional provision for guaranteed minimum benefits of EUR 209 million.
29
annual_report
5332
1,010
A summary of fair value measurements by level for assets and liabilities measured at fair value on a recurring basis at December 31, 2016 and 2015 is as follows:
29
10K
Sampoplc-AR_2001
233
Baltic States and Poland had all made good progress with legislative amendment and economic reform with a view to EU accession.
21
annual_report
5866
1,713
remains unknown, although certain trends, impacts and uncertainties related to COVID-19
11
10K
gb_prudential-AR_2017
2,236
Measured over three financial years from year of award with a two-year post-performance holding period
15
annual_report
4419
3,124
We have two five-year revolving credit facilities that mature in May 2012 and August 2012. These facilities bear variable interest rates based on one-month London Interbank Offered Rate (“LIBOR”) plus a margin and we have access to $1.9 billion under these facilities. As of December 31, 2011, we had no borrowings under...
210
10K
fr_axa-AR_2018
5,640
the date preceding the Chief Executive Off icer’s decision setting the definitive terms of the operation) and at a price of €21.83 per share for the leveraged plan (discount of 5.85% to the reference price). A total of 15.4 million new shares were issued, increasing the share capital by €330 million. This off ering rep...
118
annual_report
ch_zurich_insurance_group-AR_2008
2,224
Financial guarantees and letters of credit The Group knows of no event of default that would require it to satisfy fi nancial guarantees. Irrevocable letters of credit have been issued to secure certain reinsurance contracts.
35
annual_report
NatwestGroupPLC-AR_2020
1,751
With significant demands on Board time due to COVID-19, our Board training programme prioritised key areas of focus including financial crime and climate.
23
annual_report
49
158
In 1993, G&A costs were $50.7 million, a 14.8% increase over 1992. As a percentage of revenues, 1993 G&A costs increased slightly to 19.7% from 18.9% in 1992. Compensation costs increased approximately $3.5 million resulting primarily from additional employees supporting expanding services. Other G&A expense increases ...
99
10K
5033
978
Fixed maturities and short-term bonds at amortized cost; and equities and other short-term investments at cost. Average invested assets at cost are based on the monthly amortized cost of the invested assets for each respective period.
36
10K
de_allianz-AR_2004
3,706
Expense ratio Underwriting costs (including change in deferred acquisition costs) as a percentage of premiums earned.
16
annual_report
2372
1,788
• The $21 of CDO other-than-temporary impairments consisted of approximately eight securities, the majority of which were interests in the lower tranches of securities backed by high yield corporate debt. These impairments were primarily the result of continued high default rates in 2003 and lower expected recovery rat...
53
10K
2809
775
Interest expense and distributions on mandatorily redeemable preferred securities-Interest expense decreased in 2005 compared to 2004 due primarily to the capitalization of interest expense related to internally developed software costs. Interest expense and distributions on mandatorily preferred securities increased i...
64
10K
4370
2,122
With respect to SunAmerica companies, AIG uses asset-liability management as a tool to determine the composition of the invested assets. AIG's objective is to maintain a matched asset-liability structure, although AIG may occasionally determine that it is economically advantageous to be temporarily in an unmatched posi...
67
10K
3763
1,920
Under SFAS 142, goodwill and intangible assets with indefinite lives are tested for impairment at least annually. As of December 31, 2008, goodwill totaled $77 million and was related to the Company’s insurance operations. In the fourth quarter of 2008, goodwill related to the Company’s investment management services o...
87
10K
5896
1,405
As of December 31, 2020 and December 31, 2019, a total of $0 and $25,000, respectively, was outstanding under the revolving line of credit in our insurance business.
28
10K
StandardLifeAberdeenPLC-AR_2017
896
DFC Asset Mana en Standard Inv e end of April 20 then 29.3% the and Hong Kong
17
annual_report
5555
833
The Corporate and Other segment pre-tax adjusted operating loss was $156.7 million for the year ended December 31, 2018, as compared to a pre-tax adjusted operating loss of $189.6 for the year ended December 31, 2017. The decrease in operating loss is primarily attributable to a decrease in corporate overhead expenses ...
57
10K
2583
683
Our actively managed fixed maturity portfolio at December 31, 2004, included primarily debt securities of the United States government, public utilities and other corporations, and structured securities. Structured securities included mortgage-backed securities, collateralized mortgage obligations ("CMOs"), asset-
37
10K
1530
313
Going forward, under certain circumstances, we will be required to make prepayments on the credit facility and the amount available to us under the credit facility will be reduced. For example, 80% of any excess cash flow that we have in each year must be applied to a repayment of the credit facility. In addition, if w...
291
10K
RaiffeisenBankInternationalAG-AR_2016
1,959
The Risk Management Committee is responsible for ongoing development and implementation of methods and parameters for risk quantification and for refining steering instruments. The committee also analyzes the current risk situation with respect to internal capital adequacy and the corresponding risk limits. It approves...
64
annual_report
1804
380
The Company does not expect the ongoing economic turmoil in Argentina, including the devaluation of the Argentine peso, to have additional negative impact on its Argentine policy liabilities, however, because the Company cannot reasonably predict the timing of its claim settlements and what the exchange rate will be at...
155
10K
4155
1,466
During 2009, we paid $38.9 million of interest on our debt obligations, including $37.4 million of interest on the Senior Notes, and repaid $2.2 million of principal on our debt obligations.
31
10K
2492
906
Sales totaled $4.95 billion during 2004, down 22% from $6.32 billion in 2003 and $6.96 billion in 2002. Variable annuity production declined by 14% to $3.84 billion in 2004 compared to 2003, with 22% of new domestic sales allocated to the guaranteed fixed options. Sales of variable annuities were $4.46 billion in 2003,...
166
10K
3589
581
Continued resolution of outstanding legal and regulatory issues. We completed our claim reassessment process during 2007, and we expect to resolve additional issues during 2008.
25
10K
5802
1,841
The differences between the 21% and 35% statutory federal income tax rate and our effective income tax rate were as follows:
21
10K
PowszechnyZakladUbezpieczenSA-AR_2016
2,914
Board include: • a review of the Management Board’s report on the activities of the Company and financial statements for the previous financial year in terms of their compliance with the accounting records, documents and facts; • review of the motions of the Management Board concerning profit distribution or loss cover...
97
annual_report
4614
755
We estimated the pension contribution for 2013 in accordance with the Pension Protection Act of 2006 (“the Act”). Contributions for future years are dependent on a number of factors, including actual performance versus assumptions made at the time of the actuarial valuations and maintaining certain funding levels relat...
76
10K
3436
1,017
On November 13, 2006, we entered into the Stock Purchase Agreement with a subsidiary of CastlePoint pursuant to which the Company agreed to issue and sell 40,000 shares of perpetual preferred stock to the subsidiary for aggregate consideration of $40 million. The transaction closed on December 4, 2006. On January 26, 2...
94
10K
5915
1,145
(1)If the reinsurance agreement is not terminated at the optional termination date, the risk margin component of the reinsurance premium increases by 50%.
23
10K
fr_axa-AR_2019
2,360
Mr. Jean-Pierre Clamadieu is a graduate of the École Nationale Supérieure des Mines of Paris and ingénieur du Corps des Mines . He began his carrier in various positions within the
31
annual_report
de_allianz-AR_2004
730
Interest cost ¤66.2 mn 5.5 % bond issued by Allianz AG Volume ¤1.5 bn Year of issue 2004 Maturity date Perpetual Bond SIN A0A HG3
25
annual_report
INGGroepNV-AR_2016
757
Industry Lending this means becoming the lead lender, in Debt Capital Markets the lead financing bank and in Transaction Services and Financial Markets increasing the volume of flow products. In 2016, we continued to implement the Think Forward strategy and deliver on our priorities. We have successfully grown the busi...
122
annual_report
5034
2,599
Net favorable prior year reserve development totaled $102.0 million for the Insurance segment for the year ended December 31, 2013. Specialty benefited from releases in aerospace, marine and specie, due primarily to reflecting the better than expected loss experience reported predominantly across the 2005 and later acc...
169
10K
HannoverRueckSE-AR_2017
350
Target markets Hannover Re classifies North America and Continental Europe as target markets. The premium volume rose by 4.9% to EUR 3,155.6 million (EUR 3,007.0 million). Growth was in line with our expectations. The combined ratio deteriorated sharply from 92.5% to 102.8%. The operating profit (EBIT) consequently fel...
55
annual_report
4841
1,482
The Company has exposure to catastrophes, which could contribute to significant fluctuations in the Company’s results of operations. The Company uses excess of retention and quota share reinsurance agreements to provide greater diversification of risk and minimize exposure to larger risks.
41
10K
5864
657
We previously held a $25 million surplus note issued to us by EFL that was payable on demand on or after December 31, 2018. In 2018, EFL, with the appropriate approval from the Pennsylvania Insurance Commissioner, satisfied its obligation and repaid the surplus note. EFL paid related interest to us of $1.6 million in 2...
55
10K
HiscoxLtd-AR_2008
157
During the course of the year Hiscox has benefited from a series of positive rating agency decisions. On 18 September 2008 A.M. Best announced an upgrade to the financial strength rating of Hiscox Insurance Company (Bermuda) Limited, Hiscox Insurance Company (UK) Limited and Hiscox Insurance Company (Guernsey) Limited ...
98
annual_report
3217
1,114
Darwin’s loss reserve analysis calculates a point estimate rather than a range of reserve estimates. This is done because a significant portion of Darwin’s loss and LAE reserves relates to lines of business that are driven by severity rather than frequency of claims. High severity lines of business tend to produce a wi...
112
10K
2381
877
Cash and cash equivalents were $209,897,000 and $105,461,000 as of December 31, 2004 and 2003, respectively. Fixed maturities were $2,240,202,000 and $1,678,138 as of December 31, 2004 and 2003 respectively. The investment portfolio increased due to positive cash flow from operations, excluding trading securities activ...
149
10K