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466
505
The Company's operations, like those of other property and casualty insurers, are susceptible to the effects of inflation, as premiums are established before the ultimate amounts of loss and LAE are known. Although management considers the potential effects of inflation when setting premiums, for competitive reasons, s...
76
10K
HiscoxLtd-AR_2006
941
OKQ=_~ëáë=çÑ=ÅçåëçäáÇ~íáçå E~F=pìÄëáÇá~êáÉë pìÄëáÇá~êáÉë=~êÉ=íÜçëÉ=ÉåíáíáÉë=ÅçåíêçääÉÇ=Äó=íÜÉ=dêçìéK=`çåíêçä=Éñáëíë ïÜÉå=íÜÉ=dêçìé=Ü~ë=íÜÉ=éçïÉêI=ÇáêÉÅíäó=çê=áåÇáêÉÅíäóI=íç=ÖçîÉêå=íÜÉ Ñáå~åÅá~ä=~åÇ=çéÉê~íáåÖ=éçäáÅáÉë=çÑ=~å=Éåíáíó=ëç=~ë=íç=çÄí~áå=ÄÉåÉÑáíë=Ñêçã áíë=~ÅíáîáíáÉëK=få=~ëëÉëëáåÖ=ÅçåíêçäI=éçíÉåíá~ä=îçíáåÖ=êáÖÜí...
11
annual_report
840
564
The comments below should be read in conjunction with the Financial Statements in Part IV, Item 14.
17
10K
4175
1,796
In determining whether an equity method investment is impaired, we look at a variety of factors including the operating and financial performance of the investee, the investee’s future business plans and projections, recent transactions and market valuations of publicly traded companies where available, discussions wit...
174
10K
fr_axa-AR_2001
3,285
Impact of change in methodology (AXA Equity & Law Inherited Estate) – – – (79) – (79) Exercise of share options 2.6 9 22 – – 31 Cash dividend4 (1,053) – (1,053) Impact of foreign currency fluctuations – – – 300 – 300
43
annual_report
ASRNederlandNV-AR_2009
581
Measures were implemented in the first half of 2009 to minimize these risks, including: • Reducing the interest rate exposure by acquiring long-term government bonds and swaptions.
27
annual_report
StandardLifeAberdeenPLC-AR_2014
2,288
Share of joint ventures and associates tax expense (7) (0.3) (1) -
12
annual_report
5633
1,100
Reconciliations of these non-GAAP measures to the most directly comparable historical GAAP measures are included in the results of operations, see “- Results of Operations.” Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are not accessible on a forward-looking basis because we ...
95
10K
de_allianz-AR_2001
793
SGD's earnings after taxes improved by 825 to 1,660 million euros.
11
annual_report
4551
778
Reported commissions and fees for Global for 2011 included a favorable impact from a change in accounting methodology in a Global Specialty business of $6 million.
26
10K
AvivaPLC-AR_2013
4,313
Aviva’s responsibilities The Directors of Aviva are responsible for: designing, implementing and maintaining internal controls over information relevant to the preparation of the Selected Information that is free from material misstatement, whether due to fraud or error; establishing objective Reporting Criteria for pr...
64
annual_report
AvivaPLC-AR_2015
3,213
Depreciation and impairment At 1 January 2014 — (1) (2) (569) (146) (718) Charge for the year — — — (13) (6) (19) Disposals — — — 37 5 42 Impairment charge — (26) — — — (26) Foreign exchange rate movements — — — 5 5 10
48
annual_report
fr_axa-AR_2016
1,817
Compensation were offset by the loss of a large unprofi table contract in Workers’ Compensation.
15
annual_report
ch_zurich_insurance_group-AR_2010
1,317
millions total 1 The value of the collateral received amounts to USD 8.0 billion and USD 8.4 billion as of December 31, 2010 and 2009, respectively.
26
annual_report
AvivaPLC-AR_2020
3,813
Net IAS 19 surpluses/(deficits) in the schemes 2,292 (182) (76) 2,034 2,255 (202) (77) 1,976
15
annual_report
4617
1,281
Investments designated as trading consist primarily of debt securities which are held in portfolios that are actively managed and are subject to frequent buying and selling. Trading securities are carried at fair value with changes in fair value recorded in earnings.
41
10K
4478
1,026
Because of the nature of insurance claims, there are uncertainties inherent in the estimates of ultimate losses. Harleysville Group’s reorganization of its claims operation in recent years has resulted in new people and processes involved in settling claims. As a result, more recent statistical data reflects different ...
73
10K
1929
1,166
(2)The acquisition expense ratio reflects acquisition expenses net of policy-related fee income. Underwriting Loss. For the year ended December 31, 2002, the combined ratio on a GAAP basis for the insurance segment was 101.1%, which included 2.6 points related to development of prior year reserves in our non-standard a...
88
10K
1113
664
At December 31, 1997, the amortized cost and estimated fair value of actively managed fixed maturities and equity securities were as follows:
22
10K
5928
1,104
•VOEs: For entities determined not to be VIEs, the Company consolidates entities in which it holds greater than 50% of the voting interest, or, for limited partnerships, when the Company owns a majority of the limited partnership's kick-out rights through voting interests.
42
10K
3243
1,240
The Individual segment’s income from continuing operations decreased as a result of an increase in net investment losses, a decline in interest margins, higher expenses and annuity benefits, as well as increases in interest credited to policyholder account balances (“PABs”) and policyholder dividends. These decreases w...
79
10K
RaiffeisenBankInternationalAG-AR_2015
2,355
The main focus of the control is on the regulatory (minimum) capital ratios and the economic capital within the framework of ICAAP (Internal Capital Adequacy Assessment Process, a quantitative method used to assess the adequacy of internal capital). Moreover, the optimal mixture of capital instruments (e.g. additional ...
64
annual_report
fr_axa-AR_2014
3,522
(d) 41,623 units of the March 16, 2012 plan acquired by anticipation.
12
annual_report
711
596
Pre-tax net investment income increased 11.5% to $248.2 million for the year ended December 31, 1996, from $222.6 million in 1995. This increase was primarily due to the increase in invested assets. The Company's after-tax net investment income increased by 9.7% to $183.0 million for the year ended December 31, 1996, f...
109
10K
PowszechnyZakladUbezpieczenSA-AR_2014
541
After the first three quarters 2014, the share of PZU’s technical result in the market’s technical result was 68.3%, which, with a market share of 31.4% calculated using the gross written premium confirming high level of profitability of insurance.
39
annual_report
5795
994
Alternative investments: Fair values are estimated based on the plan’s proportionate share of the undistributed partners’ capital as reported in audited financial statements of the partnership.
26
10K
4012
277
For the year ended December 31, 2009, The Company had the total future lease commitments under non-cancellable operating leases are $305,754. The Company currently has working capital sufficient to fund these lease commitments.
33
10K
4290
1,580
During 2008, OneBeacon declared and paid $12 million in cash dividends on, and repaid the $300 million redemption value of, preferred stock issued to Berkshire, using funds that had been held in trust.
33
10K
5347
715
2016-Net cash used in financing activities of $1.3 million during the year ended December 31, 2016 was primarily due to $1.2 million used to net-share settle the tax obligation related to vesting equity awards.
34
10K
gb_prudential-AR_2012
4,655
The directors are responsible for keeping adequate accounting records that are suffi cient to show and explain the parent company’s transactions and disclose with reasonable accuracy at any time the fi nancial position of the parent company and enable them to ensure that its fi nancial statements comply with the Compan...
83
annual_report
NNGroupNV-AR_2018
800
Our culture and governance Our values serve as a compass for decision-making and guide us in all our interactions. Our governance structure ensures we act with the interests of our group and our stakeholders in mind.
36
annual_report
4644
1,126
Premiums collected on PDP and PFFS business relate to our quota-share reinsurance agreements with Coventry. In order to reduce the required statutory capital associated with the assumption of group PFFS business, we terminated two group policy quota-share agreements as of December 31, 2008 and terminated the last agree...
217
10K
gb_lloyds_banking_grp-AR_2010
780
Impairment as a percentage of average advances4 1.11% 5.92% 6.04% 3.25%
11
annual_report
AssicurazioniGeneraliSpA-AR_2015
2,639
Net income from financial asset at fair value through profit or loss
12
annual_report
4728
1,431
Stock compensation expense. We recognize compensation expense for our share-based awards over the estimated vesting period based on estimated grant date fair value. Share-based payments include stock option grants under our 2010 Equity Incentive Plan and our 2013 Equity Incentive Plan.
41
10K
2293
1,059
Legal risk arises from the uncertainty of the enforceability, through legal or judicial processes, of the obligations of AIG’s clients and counterparties, including contractual provisions intended to reduce credit exposure by providing for the netting of mutual obligations. See also Note 21 of Notes to Financial Statem...
56
10K
gb_lloyds_banking_grp-AR_2014
3,424
One-off transactions Refer to page 75 (Audit Committee Report), page 188 (Significant Accounting Policies), and page 321 (notes).
18
annual_report
10
535
SCHEDULE VIII I.C.H. CORPORATION AND SUBSIDIARIES VALUATION AND QUALIFYING ACCOUNTS AND RESERVES FOR THE YEARS ENDED DECEMBER 31, 1993, 1992 AND 1991 (IN THOUSANDS)
24
10K
nl_ing_grp-AR_2016
2,412
ING Group applies fair value hedge accounting for portfolio hedges of interest rate risk (macro hedging) under the EU carve-out to its retail operations. The net exposures of retail funding (savings and current accounts) and retail lending (mortgages) are hedged. The hedging activities are designated under a portfolio ...
92
annual_report
4072
1,052
(iii) In June 2009, the FASB issued new accounting guidance on accounting for transfers of financial assets (ASU 2009-16). This guidance changes financial reporting for transfers of financial assets by eliminating the exceptions for qualifying special-purpose entities from the consolidation guidance and the exception t...
140
10K
NatwestGroupPLC-AR_2015
5,510
In accordance with IFRS, the amended policy has been applied retrospectively and prior periods restated. The impact of the change in policy is set out below.
26
annual_report
ScorSE-AR_2017
3,024
On November 27, 2017, SCOR executed the built-in early redemption option and terminated the Atlas IX mortality risk transfer contract (Series 2013-1) effective on January 1, 2018. With this early termination, the covered risk period ended on December 31, 2017 instead of on December 31, 2018 as originally scheduled. The...
84
annual_report
3437
1,256
($ IN THOUSANDS) 2007 2006 ---------- ---------- Immediate annuities $ 709,195 $ 722,539 Traditional life 1,045,153 932,866 Other 593,768 471,050 ---------- ---------- Total reserve for life-contingent contract benefits $2,348,116 $2,126,455 ========== ==========
32
10K
4652
1,454
2012 to 2011 Annual Comparison. The increase in full service account values primarily reflects equity market appreciation in 2012, partially offset by net withdrawals and the divestiture of bank deposits discussed above. The increase in net withdrawals was primarily due to an increase in the value of participant withdr...
60
10K
AvivaPLC-AR_2006
1,506
Russell Walls 1,500 1,500 – – – – – – – – Former directors Derek Stevens* 2,989 3,047 – – – – – – – – André Villeneuve* 640 640 – – – – – – – –
38
annual_report
379
459
The Registrant does not actively trade its investment portfolio. Securities have been occasionally sold to reflect operating requirements or business circumstances, which have resulted in realized gains and losses.
29
10K
HannoverRueckSE-AR_2009
917
The moderate change in the MCEV under the scenarios shown is in line with our risk-bearing capacity in this area and reflects our portfolio's high degree of diversification.
28
annual_report
978
311
The fixed maturities held to maturity portfolio is exposed to adverse interest rate fluctuations. However, AIG has the ability and intent to hold such securities to maturity. Therefore, there would be no detrimental impact to AIG's results of operations or financial condition as a result of such fluctuations.
48
10K
4786
928
In addition, Montpelier incurred and paid (on our behalf) a $1.3 million structuring fee to Deutsche Bank Securities Inc., equal to one percent of the gross IPO proceeds that we received from third-parties.
33
10K
4655
1,197
In addition, operating income may also be negatively impacted by intermediate surveys, which are performed at interim periods between 5-year surveys. Intermediate surveys are generally less extensive in duration and scope than a 5-year survey. Although an intermediate survey may require some downtime for the drilling r...
72
10K
LloydsBankingGroupPLC-AR_2002
1,214
Cash flow statement Net cash inflow (outflow) from operating activities 422 391 (250) –
14
annual_report
gb_prudential-AR_2005
2,391
Under IFRS, subject to reassessment of previously recognised assets and liabilities in accordance with IFRS 1, the goodwill balance at 1 January 2004 reflects the carrying value of UK GAAP goodwill for previously consolidated entities at that date on the basis described above, as well as goodwill on certain newly conso...
114
annual_report
AvivaPLC-AR_2012
3,461
Accident year All prior years £m 2003 £m £m £m £m £m £m £m £m
15
annual_report
2237
1,213
Net premiums written increased 38 percent in 2003, compared with 2002. The primary factor contributing to the greater growth rate for net premiums written compared with gross premiums written is Insurance - North American’s decision to retain more of its gross premiums written. Insurance - North American increased its ...
127
10K
AegonNV-AR_2019
3,252
The purpose of the ERMAAC is to assist the GRCC, Executive
11
annual_report
3719
494
In December 2007, the FASB issued SFAS No. 160, “Noncontrolling Interests in Consolidated Financial Statements-an amendment of Accounting Research Bulletin (“ARB”) No. 51” (“SFAS 160”). SFAS 160 amends ARB 51 to establish accounting and reporting standards for the noncontrolling interest in a subsidiary and for the dec...
173
10K
TrygAS-AR_2012
172
(93.2) despite a low interest rate level, which negatively impacted the combined ratio by 1.2 per centage points. Thanks to the improved result and several initiatives in the pipeline, Tryg is well on its way to achieving its targets of a return on equity of 20% and a combined ratio of 90 or below from Q3 2013.
57
annual_report
2899
147
- Payment of contract benefits, surrenders and withdrawals - Reinsurance cessions and payments - Operating costs and expenses - Purchase of investments - Repayment of inter-company loans - Tax payments/settlements - Dividends to parent
34
10K
BaloiseHoldingLtd-AR_2006
3,271
3.15.1 Share capital The reported share capital equals the registered share capital of Bâloise-Holding, Basel. The share capital of Bâloise-Holding is made up exclusively of registered shares. There are no shares with preferential voting rights.
35
annual_report
774
139
W&R owns and occupies a 116,000 square foot office building utilized as its corporate headquarters located in United Investors Park, a commercial development at 6300 Lamar Avenue, Shawnee Mission, Kansas.
30
10K
SwissReAG-AR_2020
2,873
Awards prior to 2020 are split equally into Restricted Share Units (RSUs) and PSUs. The RSU component for such in-flight plan cycles (ie granted in 2018 and 2019) is measured against an ROE performance condition. At the end of each year, the performance is assessed and one third of the RSUs is locked in within a range ...
155
annual_report
nl_ing_grp-AR_2019
458
In 2019, we expanded the service portfolio to support further onboarding in the IPC and doubled global adoption of IPC, from around seven percent of global infrastructure in 2018 to around 15 percent by the end of 2019.
38
annual_report
HannoverRueckSE-AR_2013
1,033
Hailstorm “Manni” in Germany, Switzerland and Austria 19 – 20 June 51.9 37.7
13
annual_report
5300
1,404
Purchases and transfers into Level 3 for 2015 have been restated to reflect assets purchased during a period as purchased rather than transfered. This change had no impact on the total amount of Level 3 assets.
36
10K
fr_axa-AR_2010
2,951
(regardless of whether he is a Committee member); ■ inform the Chairman and the Board of Directors about any potential confl icts of interests; ■ report to the Company’s Shareholders’ Meetings with respect to all corporate governance related matters.
39
annual_report
ch_zurich_insurance_group-AR_2005
359
m) Income taxes The Group provides current tax expense according to the tax laws of each jurisdiction in which it operates. Income taxes are recognized using the asset and liability method. Deferred income taxes are recorded for temporary differences, which are based on the difference between financial statement carryi...
100
annual_report
4219
1,553
Future policy benefits reserves - Reserves for long term care products are computed using the net level premium method, which incorporates actuarial assumptions as to interest rates, mortality, morbidity, persistency, withdrawals and expenses. Actuarial assumptions generally vary by plan, age at issue and policy durati...
97
10K
3669
1,264
The National Association of Insurance Commissioners utilizes the RBC adequacy monitoring system. The RBC calculates the amount of adjusted capital that a life insurance company should have based upon that company’s risk profile. As of December 31,
37
10K
998
109
Other revenue consists primarily of commissions earned by subsidiary agencies and fee revenue earned by a subsidiary claims consulting group. The increase in other revenue for the year ended December 31, 1998 of approximately $61,000 or 4% is related to revenues earned through the Company s claim consulting group. For ...
90
10K
HelvetiaHoldingAG-AR_2018
2,665
Total financial and other liabilities 2 167.2 1 514.0 568.4 1 067.7 6.4 294.3 5 618.0
16
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2009
532
achievement of three­year objectives in the fourth year, on condition that 25 % of the net amount paid out is invested by the Board member in shares that must be held for at least a two-year period
37
annual_report
NatixisSA-AR_2008
2,253
The Group endeavors to raise employee awareness of sustainable practices in the workplace by focusing on the need to reduce consumption, recycle waste, develop green travel plans and implement responsible purchasing policies.
32
annual_report
3885
691
The following table presents the categorization for our financial instruments measured at fair value on a recurring basis in our Consolidated Balance Sheets at December 31, 2008:
27
10K
SwissReAG-AR_1990
205
The net amount of Life reinsurance business in force rose in the year under report by 2% to Sw. frs. 75,400 million. Without the effects of foreign currencies the increase would have been 14%. This growth was achieved thanks to a gratifying volume of new business. In original currency new business was higher than In th...
83
annual_report
SwissLifeHoldingAG-AR_2009
2,582
BALANCE AS AT END OF PERIOD 1 947 1 890 370 368 261 253 2 578 2 511
18
annual_report
4191
2,082
We recorded $208 million of net other-than-temporary impairments in 2010 as compared to $1,058 million in 2009. Of total impairments, $152 million and $578 million, respectively, related to structured securities, including $92 million and $414 million, respectively, related to sub-prime and Alt-A residential mortgage-b...
115
10K
ch_zurich_insurance_group-AR_2012
55
Zurich is a profitable, well capitalized and resilient global insurance provider. Our success is built on the dedication of our people and a combination of financial and underwriting discipline, customer centricity and operational excellence. But to maintain our momentum in an increasingly volatile economic and social ...
51
annual_report
RaiffeisenBankInternationalAG-AR_2017
5,978
Bulgaria Raiffeisen Leasing Bulgaria OOD 32A Cherni Vrah Blvd. Fl.6 1407 Sofia www.rlbg.bg
13
annual_report
5815
538
included $11.3 million of net realized and unrealized losses on equity securities and $1.8 million of net realized losses on fixed maturity securities. The net investment losses on our equity securities were primarily the result of volatility in equity markets. The net investment losses on our fixed maturity securities...
107
10K
5762
1,287
Potentially dilutive securities representing approximately 0, 78,500, and 0 shares of common stock for 2019, 2018, and 2017, respectively, were excluded from the computation of diluted earnings (loss) per common share because their effect would have been anti-dilutive. For the year ended December 31, 2018, the dilutive...
60
10K
fr_axa-AR_2013
544
The P&C bancassurance cooperation in Indonesia will be launched in due course.
12
annual_report
4644
1,214
Other invested assets also include options backing our fixed index products, credit default swaps and certain nontraditional investments, including investments in limited partnerships, promissory notes, hedge funds and real estate investments held for sale.
34
10K
NatixisSA-AR_2008
421
Committee or Committees of which he or she is a member. Each
12
annual_report
AvivaPLC-AR_2005
1,846
(v) Deferred bonus plan awards These awards have been made under the Aviva Deferred Bonus Plan, and are described in section (b) below and on page 74.
27
annual_report
5536
935
Future policy and other policy benefits increased by $2.2 billion to $3.2 billion in 2017 from $1.0 billion in 2016, primarily attributable to $2.3 billion of policyholder obligations from our PRT transactions, partially offset by a favorable change in the rider reserves. The favorable change in rider reserves of $89 m...
148
10K
4123
1,690
As of December 30, 2009, our enrollment in network-based plans (HMO and PPO) has increased to approximately 64,300 members from 54,300 members at December 31, 2008. As of December 31, 2009, our enrollment in PFFS plans has decreased to approximately 176,200 members, compared with 186,200 members at December 31, 2008.
50
10K
3154
728
Also in September 2006, the FASB issued Statement of Financial Accounting Standards No. 158, “Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans - an amendment of FASB Statement No. 87, 88, 106 and 132(R)” (“SFAS 158”). This Standard requires recognition of the funded status of a benefit p...
165
10K
5293
1,192
In determining DAC amortization expense for term life insurance policies, we use interest rates available at the time a policy is issued. For policies issued in 2010 and after, we have been using an increasing interest rate assumption based on the historically low interest rate environment. Interest rate assumptions at...
60
10K
3399
982
The aggregate amount of time deposits in denominations of $100,000 or more was $385.4 million at December 31, 2007 and $476.2 million at December 31, 2006.
26
10K
1919
1,199
o The Mitte Family omitted material information required to be disclosed under Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and the regulations issued thereunder, as well as violated the proxy solicitation rules contained in Regulation 14A of the Exchange Act;
47
10K
3832
1,609
At December 31, 2008, the Company has $438.9 million of cash and investments of which $378.9 million is held in trust for the benefit of our ceding companies, leaving $60.0 million cash and investments available for the cost of ongoing business. The trust accounts are required to hold cash and investments equivalent to...
121
10K
4769
1,335
The Company views gross unrealized losses on fixed maturities and equity securities as being temporary since it is its assessment that these securities will recover in the near term, allowing the Company to realize the anticipated long-term economic value. The Company employs a systematic methodology to evaluate declin...
78
10K
nl_ing_grp-AR_2018
578
Netherlands. Sustainable assets under management (SAuM) can be dedicated portfolios, structured products or investment funds, and cover all asset classes. In 2018, we developed one overall ING approach and strategy covering dedicated portfolios, structured products and investment funds in all asset classes.
42
annual_report
ch_zurich_insurance_group-AR_2010
1,470
The chart below shows the estimated impact on the Group’s solvency position of a one percentage point
17
annual_report
de_allianz-AR_2011
859
C u s t o M e R F o C u s since we aim to be the loyalty leader in all our markets, we regard customer feedback as a vital tool in monitoring customer satisfaction and ensuring an ongoing improvement in our products, services and processes. net Promoter score (nPs), a regular measurement of a customer’s willingness to ...
82
annual_report
RSAInsuranceGroupPLC-AR_2010
984
Supermarkets plc in February 2010. She is also a Director of the RBG Kew Foundation, an Operating Partner of Duke Street LLP
22
annual_report
4098
1,426
The Company enters into reinsurance agreements primarily as a purchaser of reinsurance for its various insurance products and also as a provider of reinsurance for some insurance products issued by third parties. Accounting for reinsurance requires extensive use of assumptions and estimates, particularly related to the...
171
10K
648
132
Nature of Operations: The Company is a holding company for a group of property and casualty insurance companies (the "Vesta Group") that offer treaty reinsurance and primary insurance on personal and commercial risks. The lead insurer in the Vesta Group is Vesta Fire Insurance Corporation ("Vesta Fire"). In both its re...
121
10K
3047
1,189
We have completed integrated audits of The Commerce Group Inc.'s consolidated financial statements and of its internal control over financial reporting as of December 31, 2006, 2005 and 2004, in accordance with the standards of the Public Company Accounting Oversight Board (United States). Our opinions, based on our au...
52
10K
5089
877
(c) For prior periods, underlying measures have been rebased to current period exchange rates to remove the impact of foreign currency movements when comparing periods.
25
10K