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AegonNV-AR_2019
1,788
Board Remuneration fees retroactively per January 1, 2019 at the Annual General Meeting of Shareholders on May 17, 2019.
19
annual_report
NatixisSA-AR_2003
4,455
I Caisse Nationale des Caisses d’Epargne et de Prévoyance, registered under French law as a limited company with Executive and Supervisory Boards with capital of €2,905,079,234.75, headquartered at 5 rue Masseran, 75007 Paris and registered in Paris under RCS number 383 680 220; represented by Mr Bruno METTLING, residi...
56
annual_report
SwissLifeHoldingAG-AR_2013
410
Total compen- sation Extra- Amount (at in cash ordinary Aggregate closing price and shares Regular contri- total Amount Number on allocation) (amount) 4 contributions 5 butions (amount) 6
28
annual_report
NatwestGroupPLC-AR_2014
2,105
Guaranteed awards are only used in very limited circumstances in accordance with the
13
annual_report
SwissReAG-AR_2003
1,082
The steady improvement in the liability combined ratio over recent years received a serious setback in 2003. The low incidence of new claims, which had already begun in 2002, continued in 2003 – but this was more than offset by adverse development (CHF 755 million) from prior years in medical malpractice, product liabi...
61
annual_report
2568
171
Over the last few years, training programs, primarily sales and product training, have been developed and deployed to maintain high compliance standards, increase the number of producing agents and customer contacts and, ultimately, increase production levels. A continuation of these trends could positively influence f...
68
10K
gb_prudential-AR_2009
5,024
The profit on sale and results for the period of ownership comprise: £m
13
annual_report
1774
768
The securitizations structured prior to September 8, 1999, met the applicable criteria to be accounted for as sales. At the time the loans were securitized and sold, we recognized a gain and recorded our retained interest represented by the interest-only security. The interest-only security represents the right to rece...
171
10K
5672
1,709
Our risk management segment provides contract claim settlement and administration services for enterprises and public entities that choose to self-insure some or all of their property/casualty coverages and for underwriting enterprises that choose to outsource some or all of their property/casualty claims departments. ...
65
10K
5811
961
We are a member of the IRS Compliance Assurance Process (“CAP”). The objective of CAP is to reduce taxpayer burden and uncertainty while assuring the IRS of the accuracy of tax returns prior to filing, thereby reducing or eliminating the need for post-filing examinations.
44
10K
1692
461
The increase in net premiums earned in 2000 as compared to 1999 was mainly a result of an increase in net premiums written across most lines of business. In 2000, the Company had experienced some premium rate increases in the other property, marine, aviation and satellite lines of business. Pricing remained generally u...
105
10K
2537
402
Organization - Great-West Life & Annuity Insurance Company (the "Company") is a direct wholly-owned subsidiary of GWL&A Financial Inc. ("GWL&A Financial"), a holding company formed in 1998. GWL&A Financial is an indirect wholly-owned subsidiary of Great-West Lifeco, Inc. ("Lifeco"). The Company offers a wide range of l...
91
10K
4597
630
As a result of the Company’s change in legal structure from a limited liability company (filing tax returns as a pass through entity) to a corporation effective June 10, 2011, the Company files and pays taxes based on its reported income. Subsequent to the Company’s conversion to a corporation it files a combined retur...
57
10K
ch_zurich_insurance_group-AR_2007
1,566
Derivative financial instruments that qualify for hedge accounting For the purpose of hedge accounting, hedging instruments are classified as fair value hedges which hedge the exposure to changes in the fair value of a recognized asset or liability, cash flow hedges which hedge exposure to variability in cash flows tha...
80
annual_report
ScorSE-AR_2016
5,046
In 2016, on average, approximately 18 hours of training were given per employee (including the global e-learning programs).
18
annual_report
SwissLifeHoldingAG-AR_2004
1,582
(at a rate of interest of 5.3655%, increasing by 100 basis points as from September 2009) and CHF 290 million (at a rate of interest of Libor plus a margin of 1.05%, increasing by 100 basis points as from March 2009). Swiss Life can call the floating rate loans at the earliest on 31 March 2009
56
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2009
1,123
Our investment portfolio is chiefly made up of fixed-interest securities and loans, which totalled €157bn at 31 December 2009, making up around 86.4% of our investments at carrying amounts. This represents an increase of 0.9 percentage points compared with the start of the year and a rise of 12.1 percentage points comp...
56
annual_report
5305
525
per depositor, per insured institution. FDIC insurance is backed by the full faith and credit of the United States government. The stated interest rate of an FDIC insured CD varies greatly among commercial banks and savings associations, depending on the term of the CD and the institution’s need for funding. The liquid...
160
10K
5874
539
Liquidity and Capital Risk Management. Effective and prudent liquidity and capital management is a priority across the organization. Management monitors the liquidity of the Company on a daily basis and projects borrowing and capital needs over a multi-year time horizon. We use a Risk Appetite Framework (“RAF”) to ensu...
125
10K
gb_prudential-AR_2009
656
Customer service The significant increase in new business in 2009, following the difficult market conditions in 2008, resulted in higher call volume to our service centres. Despite this increased workload, we continued to demonstrate the ability to service investors’ and advisers’ needs accurately and efficiently, by o...
164
annual_report
AdmiralGroupPLC-AR_2019
2,266
Fees are paid in a mix of cash and Company shares for the Company Chair, and in cash for other Non-Executive Directors. The Board retains discretion to vary the mix or determine that fees are paid entirely in cash or Company shares.
42
annual_report
1946
1,238
organizations such as employee and affinity groups, and joint marketing arrangements with other insurers.
14
10K
5769
1,284
Our contractual obligations impact our short and long-term liquidity and capital resource needs. However, our future cash flow prospects cannot be reasonably assessed based solely on such obligations. Future cash outflows, whether contractual or not, will vary based on our future needs. While some cash outflows are com...
80
10K
AssicurazioniGeneraliSpA-AR_2015
2,582
Carrying amount as at the end of the period 2,844 2,797
11
annual_report
3021
900
AIG did not purchase shares of its common stock under its common stock repurchase authorization during 2006. In February 2007, AIG’s Board of Directors increased the repurchase program by authorizing the repurchase of shares with an aggregate purchase price of $8 billion.
42
10K
5646
1,350
At December 31, 2018, we recorded a net deferred tax asset of $24.1 million, compared to $19.4 million at December 31, 2017. There was no deferred tax valuation allowance recorded at December 31, 2018.
34
10K
3486
754
In 2006, certain MHS business lines were consolidated into our financial, management and technology platform. Accordingly, the remaining warrant issuance was based on a combination of MHS’ actual results and pro-forma calculations of revenue and gross profit performance. As a result, in July 2007, 55,000 warrants were ...
78
10K
nl_ing_grp-AR_2016
1,379
A focused strategy Operating in an environment of uncertainty requires a focused strategy, disciplined management and the agility to respond to unexpected events. ING has these elements in place.
29
annual_report
4884
2,657
For the year ended December 31, 2014, reinsurance ceded and assumed included affiliated transactions for life insurance in-force of $292.0 billion and $50.2 billion, respectively, and life insurance premiums of $830 million and $55 million, respectively. For the year ended December 31, 2013, reinsurance ceded and assum...
108
10K
3922
546
Loss and Loss Adjustment Expenses. Loss and loss adjustment expenses totaled $141.9 million in 2008 compared to $128.2 million in 2007, representing an increase of $13.7 million, or 10.7%. The higher loss and loss adjustment expenses in 2008 were attributable to the increase in premiums earned for the period as well as...
211
10K
4732
1,036
Premiums revenue and administrative services only, or ASO, fees are estimated by multiplying the membership covered under the various contracts by the contractual rates. In addition, we adjust revenues for estimated changes in an employer’s enrollment and individuals that ultimately may fail to pay, and for estimated r...
209
10K
fr_axa-AR_2015
4,569
■ Holding companies (5% of Group assets at the end of 2015 versus 6% in 2014): Since 2001, AXA SA has adopted a hedging policy on net investments denominated in foreign currencies, which aims at protecting the Group’s consolidated shareholders’ equity against currency fl uctuations, using derivatives instruments and fo...
52
annual_report
INGGroepNV-AR_2003
1,872
This chapter sets out the remuneration for the Executive Board and the Supervisory Board. The chapter starts with the general policy for senior-management remuneration, followed by the
27
annual_report
AegonNV-AR_2009
322
In total, during 2009, there were meetings with approximately 600 institutional investors in 38 different locations.
16
annual_report
1866
660
attributable to the acquisition of ILICO. The increases for 2001, excluding ILICO, and 2000 primarily reflect the increased sales of universal life products and increased cost of insurance charges corresponding with the normal aging and growth of the block of business.
41
10K
fr_axa-AR_2004
954
2.1.3. Positions held by members of the Supervisory Board aver the last 5 years
14
annual_report
StorebrandASA-AR_2005
1,253
Cash and cash equivalent assets at start of the period 6 957.8 5 762.9
14
annual_report
BeazleyPLC-AR_2018
1,102
iii) Non-audit services The audit and risk committee’s responsibility to monitor and review the objectivity and independence of the external auditor is supported by a policy that we have developed in relation to the provision of non-audit services by the auditor. During 2018, our non-audit services policy was updated, ...
55
annual_report
AvivaPLC-AR_2020
4,963
Further details of these borrowings and undrawn committed facilities can be found in the Group consolidated financial statements, note 52, with details of the fair value hierarchy in relation to these borrowings in note 24.
35
annual_report
gb_prudential-AR_2011
3,603
Asset management operations: M&G 7 8 US 1 2 Eastspring Investments 4 4
13
annual_report
BeazleyPLC-AR_2020
733
This year we have been put through our paces, with the pandemic proving to be a robust test of the design and operation of our risk management framework – which has responded well, helping us navigate the many challenges thrown our way. In particular, the framework remains effective despite the fundamental change to ou...
66
annual_report
2389
621
Our title insurance underwriter, United Capital, is subject to regulations that limit its ability to pay dividends or make loans or advances to its parent, principally for the protection of policyholders. Generally, the total amount of dividends and distributions is limited to the greater of 10% of United Capital’s sur...
160
10K
4737
2,072
The combined ratio is the sum of loss and loss expense ratio and the underwriting and administrative expense ratio.
19
10K
4435
642
Consolidated earnings increased during 2010 compared to 2009. The increase was primarily driven by the following:
16
10K
ScorSE-AR_2012
1,156
Refer to the environmental report in Appendix D - Paragraph 4 – Environmental impact of SCOR’s activitie.
17
annual_report
2844
911
• $80 million in the venture capital portfolio on 22 holdings. Two of the holdings were impaired due to new financings at less than favorable rates. Fifteen holdings experienced fundamental economic deterioration (characterized by less than expected revenues or a fundamental change in product). Three of the holdings we...
103
10K
3035
937
Company of America and an increase of $1.9 million in salaries and related cost of employment due to growth in our annuity business, offset by a decrease of $1.7 million in legal fees. The increase in 2005 was principally attributable to an increase of $2.9 million in salaries and related costs of employment due to the...
89
10K
4130
1,102
In April 2009, the FASB issued FSP FAS 115-2 and FAS 124-2 (ASC 320), “Recognition and Presentation of Other-Than-Temporary Impairments.” (FSP 115-2) which is effective for interim and annual reporting periods ending after June 15, 2009, with early adoption permitted for periods ending after March 15, 2009. FSP FAS 115...
156
10K
AvivaPLC-AR_2014
3,478
The present value of unfunded post-retirement benefit obligations included in the table above is £120 million at 31 December 2014 (2013: £118 million). The increase in the net surplus in the pension schemes was primarily due to positive asset performance driven by a fall in interest rates. This was partially offset by ...
99
annual_report
GjensidigeForsikringASA-AR_2012
971
Foreign operations Foreign operations that have other functional currencies are translated to NOK by translating the income statement at average exchange rates for the period of activity, and by translating the balance sheet at exchange rates at the reporting date. Exchange differences are recognized as a separate comp...
88
annual_report
3152
1,191
Sales of life insurance, excluding corporate-owned life insurance, from the third party distribution channel increased $42 million, reflecting increased term and variable life sales, with universal life sales remaining unchanged. Sales of life insurance by Prudential Agents decreased $31 million, reflecting a decline i...
88
10K
4599
2,862
The following tables present the concentration of gross unrealized losses and fair values of fixed maturity securities that were more than 20% below cost and in a continuous loss position for 12 months or more by asset class as of December 31, 2012:
43
10K
AvivaPLC-AR_2015
3,724
(iv) Movements The following changes have occurred in the general insurance and health claims provisions during the year: £m
19
annual_report
NatixisSA-AR_2007
5,725
COFACE HUNGARY (formerly ÖKVC FIÓKTELEPE) - SUCC (COFACE AUSTRIA) Insurance FI 100 100 100 100 Hungary
16
annual_report
330
477
In addition to performing services directly for the Company, the majority of the Company's employees are performing services for Transre and E&S in connection with the Limited Agency Agreement. In this regard, and in accordance with a plan filed by Alpine with and approved by the Illinois DOI in connection with its rev...
297
10K
gb_prudential-AR_2000
46
The Board has welcomed several new members. Philip Broadley joined Prudential from Arthur Andersen in May as Group Finance Director, and succeeded Les Cullen; Roberto Mendoza, formerly with JP Morgan and recently with Goldman Sachs, also joined the Board in May; and Michael McLintock, the Chief Executive of M&G, joined...
103
annual_report
gb_lloyds_banking_grp-AR_2019
1
The Group’s main business activities are retail and commercial banking, general insurance and long-term savings, provided through well recognised brands including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows.
30
annual_report
ch_zurich_insurance_group-AR_2007
3,466
The Board of Directors of Zurich Financial Services is responsible for the Embedded Value Information, including the methodology and the assumptions. Our responsibility is to provide conclusions on the subject matter based on our work.
35
annual_report
1650
591
In addition to the revolving credit facilities described above, Anthem Insurance currently has a $300.0 million commercial paper program available for general corporate purposes. Commercial paper notes are short term senior unsecured notes, with a maturity not to exceed 270 days from date of issuance. When issued, the ...
88
10K
4089
672
Other assets at December 31, 2009 and 2008, includes approximately $6.6 million and $8.2 million, respectively, of capitalized costs that were incurred in connection with the acquisition and development of a new claims, accounting and policy management system. Costs, including salaries and benefits of Company personnel...
76
10K
ScorSE-AR_2010
2,692
During 2009, the Group provided liquidity to both its perpetual super-subordinated debt security (Tier 1 type) (TSSDI EUR 350 million) and its EUR 100 million subordinated debt issuance (call date July 2010) resulting in acquisition of own debt of EUR 99 million at an average price of 46.5%. The purchase of this debt a...
75
annual_report
fr_axa-AR_2019
10,170
Catlin Services SE (UK), AXA UK Holding, AXA PPP Healthcare, AXA Polska SA, XL Global Services (US) and covers between 22% and 51% of the consolidated data relating to the key performance indicators and outcomes selected for these tests; ■ we referred to documentary sources and conducted interviews to corroborate the q...
56
annual_report
86
530
with respect to their audits of the financial statements as of December 31,
13
10K
5403
865
The Company reviews the status and fair value changes of each of its investments on at least a quarterly basis during the year, and estimates of other-than-temporary impairments ("OTTI") in the portfolio's value are evaluated and established at each quarterly balance sheet date. In reviewing investments for OTTI, the C...
280
10K
NatwestGroupPLC-AR_2010
3,364
Prepayments, accrued income and other assets 21 12,576 20,985 24,402 28 43 489 Assets of disposal groups 22 12,484 18,542 1,581 — — —
24
annual_report
5251
2,712
The Company’s reserving process includes an ongoing evaluation of the potential impact on unpaid liabilities from exposure to discontinued asbestos and run-off environmental claims, including related loss adjustment expenses. Liabilities are established to cover both known and IBNR claims.
39
10K
GjensidigeForsikringASA-AR_2019
258
Elnan is up for re-election to the Board in 2020. Number of shares in Gjensidige: See Note 8.
18
annual_report
5191
1,290
In August 2014, the FASB issued ASU 2014-15 Presentation of Financial Statements-Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. The new standard provides guidance around management’s responsibility to evaluate whether there is substantial doubt abo...
101
10K
4703
2,391
The Company’s reserving methodology was not changed materially in the year ended December 31, 2013 from the methodology used in the year ended December 31, 2012 for Validus Re, Talbot or AlphaCat. Management’s best estimate of the gross reserve for losses and loss expenses and loss reserves recoverable at December 31, ...
79
10K
NatixisSA-AR_2016
10,348
At December 31, 2016, Natixis’ main shareholders were as follows: % capital % voting rights
15
annual_report
AdmiralGroupPLC-AR_2019
3,021
• Income and expenses for each income statement are translated at average monthly exchange rates (unless this average is not a reasonable approximation of the cumulative effect of the rates prevailing on the transaction dates, in which case income and expenses are translated at the date of the transaction).
49
annual_report
5811
1,095
The remaining amortization period of the unamortized debt discount as of December 31, 2020 is approximately 22 years. The unamortized discount will be amortized into interest expense using the effective interest method based on an effective interest rate of 5.130%, which represents the market interest rate for a compar...
116
10K
3673
973
The Company recognized revenues from mortgage origination services and default management services. Mortgage origination services consisted of centralized title agency and closing services for various types of lenders. Revenues relating to centralized title agency and closing services were recognized at the time of clo...
46
10K
gb_prudential-AR_2006
1,520
• policies for all aspects of actuarial management (including regulatory reporting and asset liability management) are set out in business unit Actuarial Procedures Manuals.
24
annual_report
StandardLifeAberdeenPLC-AR_2009
135
1.1 Group overview Our results are affected by external market forces, which can influence the Group’s current performance and, to an extent, shape our future strategic direction.
27
annual_report
AegonNV-AR_2015
1,757
The risk management and control systems provide reasonable assurance for the reliability of financial reporting and the preparation and fair presentation of Aegon’s published financial statements. They cannot, however, provide absolute assurance that a misstatement of Aegon’s financial statements can be prevented or de...
44
annual_report
3691
2,275
Nationwide Bank and Nationwide Federal Credit Union (NFCU) entered into an Agreement and Plan of Merger, dated as of June 16, 2006, pursuant to which Nationwide Bank would acquire 100% of the ownership interests in NFCU for $79.0 million in cash. The merger was effective January 1, 2007, with payment of merger consider...
78
10K
AdmiralGroupPLC-AR_2017
686
Growth in business plans exceeds the scale of infrastructure of the operation.
12
annual_report
4437
767
(3) Diluted book value (“DBV”) represents total common shareholders’ equity divided by the number of common shares and diluted common share equivalents outstanding, determined using the treasury stock method.
29
10K
3398
1,162
At December 31, 2007 and 2006, net unrealized investment gains on fixed maturity trading securities were $1.4 million and $4.9 million, respectively. At December 31, 2007 and 2006, equity trading securities had a net unrealized investment loss of $9.7 million and a net unrealized investment gain of $16.6 million, respe...
50
10K
INGGroepNV-AR_2012
788
To comply with this new regulation, all product portfolios across the insurance business units were reviewed. More than 90 products were re-priced in Insurance Central and Rest of Europe. In the Benelux, all products available for sale were reviewed in the past two years to ensure they were compliant with the EU unisex...
74
annual_report
5868
3,093
$20 million (1.5 points on the combined ratio) and related net reinstatement premium recoveries were $3 million in the fourth quarter of 2020 compared to catastrophe losses of $14 million (1.0 points) and related net reinstatement premiums of $1 million in the fourth quarter of 2019.
46
10K
INGGroepNV-AR_2016
6,327
By performing the procedures mentioned above at group entities, together with additional procedures at group level, we have been able to obtain sufficient and appropriate audit evidence about the group’s financial information to provide an opinion about the annual accounts.
40
annual_report
NatwestGroupPLC-AR_2012
388
Market risk The risk arising from fluctuations in interest rates, exchange rates, credit spreads, equity prices, commodity prices, and risk-related factors such as market volatilities.
25
annual_report
AegonNV-AR_2004
1,557
over the last twelve months and will continue to be so throughout 2005, delivering straight-through processing.
16
annual_report
3070
499
The costs assigned to the right to receive future cash flows from certain business purchased from other insurers are also classified as deferred policy acquisition costs in the Consolidated Statements of Financial Position. The costs capitalized represent the present value of future profits expected to be earned over t...
121
10K
4558
965
As of December 31, 2012, there were estimated gross unrealized losses of $16.5 million related to our mortgage-backed securities collateralized by Alt-A mortgage loans. Gross unrealized losses in our securities collateralized by Alt-A residential mortgage loans as of December 31, 2012, were primarily the result of cont...
73
10K
SwissReAG-AR_2002
27
Market information as of 19 March 2003 Share price in CHF 70.00 Market capitalisation in CHF million 21 727 Number of shares entitled to dividend 310 379 068
28
annual_report
HannoverRueckSE-AR_2014
327
• Highest-ever Group net income of EUR 829.1 million • Major loss expenditure significantly below expectations at EUR 425.7 million • Pleasing combined ratio of 94.7% • Currency-adjusted premium growth of +1.2% according to plan
35
annual_report
gb_prudential-AR_2005
518
pattern. Over the life of a contract, however, aggregate IFRS profits will be the same as aggregate cash flow.
19
annual_report
NatixisSA-AR_2018
4,639
EAD according to the role of Natixis in the trading book (NX31-B) 207
13
annual_report
HelvetiaHoldingAG-AR_2011
949
In 2011, Helvetia Group introduced hedge accounting to hedge currency gains and losses on certain investments in subsidiaries with a foreign reporting currency. As a result of this change, the hedge-effective portion of the gain or loss on the valuation of the hedging instrument is recognised under “Change from net inv...
123
annual_report
fr_axa-AR_2011
7,936
Net deferred tax balances broke down as follows: (in Euro million )
12
annual_report
4712
4,630
(1)N/A reflects no rating available. (2)As of December 31, 2013 and 2012, MCCA includes $29 million and $23 million of reinsurance recoverable on paid claims, respectively, and $3.43 billion and $2.57 billion of reinsurance recoverable on unpaid claims, respectively.
39
10K
4736
1,984
On August 17, 2012, the Rehabilitator filed two motions with the Rehabilitation Court relating to policies allocated to the Segregated Account and issued in connection with residential mortgage-backed securities (“RMBS”). The first motion (the “Injunction Scope Motion”) sought to confirm the scope of the relief issued ...
235
10K
SwissLifeHoldingAG-AR_2011
1,722
PRESENT VALUE OF FUTURE PROFITS (PVP) — The present value of future profits relates to portfolios of insurance contracts and investment contracts with discretionary participation acquired in a business combination or transfer of portfolios. It relates to contracts acquired in Switzerland, Germany and France and is amor...
63
annual_report
ASRNederlandNV-AR_2015
797
Since 30 June 2012, DNB has prescribed the application of the UFR to the yield curve used to discount insurance liabilities, meaning that the yield curve for maturities longer than 20 years gradually approaches a level of 4.2%, which signifies an increase. This represents a considerable boost for a.s.r.’s solvency posi...
67
annual_report
3965
873
The profits on fixed deferred annuity contracts and single premium immediate annuities are driven by the difference of interest spreads earned versus the required spread in our pricing and, to a lesser extent, other policy fees. When determining crediting rates for fixed deferred annuities, we consider current investme...
126
10K
RaiffeisenBankInternationalAG-AR_2019
1,139
Eastern Europe in € million 2019 2018 Change Q4/2019 Q3/2019 Change
11
annual_report
586
233
Investment income and net realized investment gains totaled $6.9 million, $7.3 million, and $5.7 million in 1996, 1995 and 1994, respectively. Investment income consists primarily of interest earned on premiums and claims collected and held prior to being remitted to insurers and clients. Such funds are held in a fiduc...
50
10K