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5186
705
Net premiums increased $81.2 million, or 1.7%, and $162.0 million, or 3.6% in 2015 and 2014, respectively. These increases in net premiums were driven primarily by the growth in individual life business in force and health and group reinsurance. Offsetting the growth somewhat in 2015 and 2014 was a large retrocession t...
174
10K
NatwestGroupPLC-AR_2014
8,752
UK. At 31 December 2014, the Royal Bank and NatWest had 563 and 1,286 retail branches, respectively, in the UK. Ulster Bank has a footprint of 199 branches and an extensive network of business banking offices across Northern Ireland and the Republic of Ireland. Citizens Financial
46
annual_report
fr_axa-AR_2009
6,926
9.8.2. Change in impairment on invested as sets (excluding investment in real estate properties)
14
annual_report
5957
1,385
The separate account assets represent funds for which the Company does not bear the investment risk. These assets are carried at fair value and are equal to the separate account liabilities, which represent the policyholder’s equity in those assets. The investment income and investment gains and losses on the separate ...
161
10K
5374
666
National Property and Other. Net written premiums of $1.69 billion in 2017 decreased by 5% from 2016. Business retention rates in declined from 2016. Renewal premium changes in 2017 remained positive and were higher than in 2016. New business premiums in 2017 decreased from 2016. Net written premiums of $1.78 billion i...
87
10K
5480
857
Unfavorable development for property and other was primarily due to higher than expected severity in accident year 2016.
18
10K
SwissReAG-AR_2017
769
Shareholders’ equity Common shareholders’ equity decreased to USD 10.8 billion as of 31 December 2017 from USD 12.7 billion as of 31 December 2016, primarily driven by dividends paid to the Group of USD 1.95 billion and the net loss for the year. The return on equity for 2017 was –3.5% compared to 16.4% in 2016. The de...
66
annual_report
3437
1,226
Gross losses of $32 thousand, $1.3 million and $174 thousand were realized on sales of fixed income securities during 2007, 2006 and 2005, respectively. There were no gross gains realized on sales of fixed income securities during 2007, 2006 or 2005.
41
10K
NatixisSA-AR_2006
5,827
5 - Securities portfolio 5.1 - Securities transactions (trading account securities, securities held for sale, debt securities held for investment)
20
annual_report
SwissReAG-AR_2014
1,767
– 10-year average insured losses – 10-year average total economic losses
11
annual_report
BaloiseHoldingLtd-AR_2014
306
Change in claims reserve / actuarial reserves1 – 48.9 – 48.4 – 834.5 – 1,003.3
15
annual_report
AdmiralGroupPLC-AR_2014
663
UK Household Insurance UK Household Insurance was launched in December 2012 under the Admiral brand. The product is underwritten within the Group and in common with other businesses it is supported by proportional reinsurance covering 70% of the risk (shared between Munich Re, 40%, and Swiss Re, 30%). The business enjo...
65
annual_report
NNGroupNV-AR_2016
484
How this helps create value Underwriting creates value by ensuring that NN Group accepts risk exposures within acceptable limits. This is done by improving the predictability of claims. The expertise of our underwriters also allows us to create value by finding optimal solutions for our customers by developing innovati...
57
annual_report
DirectLineInsuranceGroupPLC-AR_2013
1,036
3 Darrell Evans Chief Customer Officer “ Aiming to improve our customer experience across all our channels, by making it easy for our customers to do business with us” Appointment Darrell joined the Group in October 2009.
37
annual_report
3517
1,059
Direct commission expense. Direct commission expense increased 269.4% to $6.2 million for the year ended December 31, 2007 from $1.7 million for the year ended December 31, 2006 due to the addition of three new programs. The increase in commission expense was greater than the increase in commission revenue due to the f...
109
10K
RSAInsuranceGroupPLC-AR_2012
1,232
Group’s share incentive schemes and Capita Trustees Limited is the current Trustee of each trust. In addition, a Share Incentive Plan
21
annual_report
1585
268
Well Care Development, Inc. ("WCD") is a wholly-owned subsidiary formed to acquire, own and develop real estate. WCD was rendered inactive as of June 1999 and was subsequently dissolved in October 2000.
32
10K
4477
597
Investments are purchased to support our insurance liabilities and not to generate net investment gains and losses. However, net investment gains and losses are incurred and can change significantly from period to period due to changes in external influences, including changes in market factors such as interest rates, ...
98
10K
996
231
Income taxes. Deferred income tax assets and liabilities are recognized for the tax consequences of "temporary differences" by applying enacted statutory tax rates applicable to future years to differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities. The effect ...
71
10K
TrygAS-AR_2017
183
Distribution efficiency is targeted to have an impact of DKK 150m in 2020. Tryg has been working intensively on reducing costs in the claims and administration part of the business. Efficiency increases through new technological solutions, product simplification and packaging together with a strong focus on digital cha...
56
annual_report
3087
1,021
it believes to be the mispricing of credit risk for certain assets in the marketplace. Sherman is a consumer asset and servicing firm specializing in charged-off and bankruptcy plan consumer assets that it generally purchases at deep discounts from national financial institutions and major retail corporations and subse...
70
10K
3996
392
We lease office space in Honolulu, Hawaii; Mechanicsburg, Pennsylvania; and St. Thomas in the United States Virgin Islands. These leases account for approximately 15,300 square feet of office space. These leases expire within forty-three months. The monthly rents, exclusive of operating expenses, to lease these facilit...
70
10K
3814
563
The decrease in AIHL’s net investment income in 2008 from 2007 is due principally to lower average investment yields in 2008 and poor results from partnership investments in 2008, partially offset by the net positive effect from the acquisition of EDC, as invested assets acquired were greater than our purchase price, a...
86
10K
gb_prudential-AR_2002
842
The consolidated financial statements are prepared in accordance with applicable accounting standards under UK Generally Accepted Accounting Practice (UK GAAP), including Financial Reporting Standards (FRS) and Statements of Standard Accounting Practice (SSAP) and also in accordance with the Statement of Recommended Pr...
126
annual_report
4592
2,852
Standard auto premiums written totaled $17.34 billion in 2012, a 5.2% increase from $16.49 billion in 2011, following a comparable $16.49 billion in both 2011 and 2010.
27
10K
3704
3,875
At December 31, 2008 and 2007, the fair value of the investment portfolio at the discontinued operations was $146.0 million and $219.7 million, respectively, and had an amortized cost of $143.7 million and $219.2 million, respectively. These amounts included accrued investment income of $543,000 and $322,000 related to...
79
10K
4104
640
“Level 2” - Valuations are based on quoted market prices where such markets are not deemed to be sufficiently “active.” In such circumstances, additional valuation metrics will be used which involve direct or indirect observable market inputs. Our Level 2 assets generally include preferred stocks and debt securities ot...
120
10K
2011
353
- ---------- In the above tables, net premiums earned on a GAAP basis differ slightly from statutory amounts due to certain differences in calculations of unearned premium reserves under each accounting method. (a) Including unallocated investment income derived from invested capital and surplus funds. (b) General Insu...
90
10K
HannoverRueckSE-AR_2018
926
Staff at our Hannover head office also enjoy access to an extensive range of fitness opportunities, including company sports groups dedicated to various types of sport and cooperation arrangements with fitness studios. When it comes to individual workstations, we take care to provide an optimal room layout and ergonomi...
50
annual_report
AvivaPLC-AR_2014
1,539
With the exception of restrictions on the transfer of ordinary shares under the Company’s employee share incentive plans, whilst the shares are subject to the rules of the plans, there are no restrictions on the transfer rights attaching to the Company’s ordinary shares or the transfer of securities in the Company.
51
annual_report
601
1,303
the subsidiary's local currency to U.S. dollars. The following table represents the property and casualty operations' net equity investments in its primary foreign subsidiaries, the related foreign currency and the impact to the net equity investment based upon a 10% change in foreign currency rates at December 31, 199...
49
10K
StorebrandASA-AR_2019
24
10 Storebrand at a glance 11 Organisation 12 Executive management 13 Board of directors 14 Strategic highlights
17
annual_report
3021
2,479
AIG and its eligible U.S. subsidiaries file a consolidated U.S. federal income tax return. Life Insurance subsidiaries of American General Corporation (AGC) also file a consolidated U.S. federal income tax return and will not be included in AIG’s consolidated federal income tax return until 2007. Other U.S. entities in...
82
10K
NatixisSA-AR_2015
1,902
(b) See paragraph 2.4.2.3 “Severance payments and consideration for non-compete agreement”.
11
annual_report
HiscoxLtd-AR_2010
112
Our businesses in the UK and mainland Europe have a focus on art and private client insurance for wealthy individuals, property and liability insurance of small commercial enterprises, and on errors and omissions insurance for technology and media businesses. We market our products through brokers and direct to our cus...
85
annual_report
NatwestGroupPLC-AR_2016
1,374
• The BRC reviewed the output of the pilot of the revised approach within certain functions and franchises and Risk.
20
annual_report
StorebrandASA-AR_2006
316
We measure our performance by Status 2004 Status 2006 Target 2008 Sh ar eh o ld er s Return on capital employed (annualised) 25.1%1 19% 15%
26
annual_report
4996
456
In 2009, one of the Company’s insurance companies entered into a settlement agreement to resolve asbestos related coverage litigation related to approximately 3,900 existing asbestos-related bodily injury claims and future claims. The settlement was approved by the Court and a final order was issued in September 2014.
47
10K
AegonNV-AR_2011
5,454
In Canada, variable products sold are known as “Segregated Funds”. Segregated funds are similar to variable annuities, except that they include a capital protection guarantee for mortality and maturity benefits (guaranteed minimum accumulation benefits). The initial guarantee period is ten years. The ten-year period ma...
86
annual_report
359
1,044
AAG may grant up to 2 million options under its 1994 Stock Option Plan. In the fourth quarter of 1996, AAG issued to employees 174,241 shares of Common Stock and options to purchase 1.2 million shares of Common Stock at $13.25
41
10K
DirectLineInsuranceGroupPLC-AR_2013
1,559
Note: 1. This section and the Group remuneration policy on page 79 are not subject to the binding vote on remuneration policy.
22
annual_report
79
174
The ratio of claim and claim expense reserves, net of reinsurance, to common stockholders' equity at December 31, 1994 was 2.1 to 1.0, and the ratio of net written premiums to common stockholders' equity was 0.6 to 1.0. These two ratios are conservative by insurance industry averages and indicate the capacity to assume...
56
10K
AegonNV-AR_2009
110
Alexander R. Wynaendts (1960, Dutch) Jan J. Nooitgedagt (1953, Dutch) Mark Mullin (1963, US citizen)
15
annual_report
5469
996
Adjusted operating income (loss) and adjusted operating income (loss) per share are non-GAAP measures that represent net income allocable to common shareholders excluding net realized investment and other gains (losses), net of tax, the effects of tax reform, and the tax effect of changes in unrealized gains to the ext...
169
10K
ASRNederlandNV-AR_2010
184
This reduction particularly affected Tier 1 loans. Interests in government bonds of the above-named countries were cut back sharply from € 606 million at the end of 2009 to € 164 million. ASR Nederland has primarily reinvested in AAA fixed-interest securities, such as long-term German and Dutch government bonds and Dut...
122
annual_report
1532
314
- the impact of the decisions to exit the Graward and South Carolina nonstandard automobile operations;
16
10K
AvivaPLC-AR_2006
631
Europe – Fund management Operating profit IFRS basis Operating profit EEV basis £m £m £m £m
16
annual_report
2462
498
Pursuant to Instruction I(2)(a) to Form 10-K, the Company elects to omit Management's Discussion and Analysis of Financial Condition and Results of Operations. Below is an analysis of the results of operations explaining material changes in the Statements of Operations between the years ended December 31, 2004 and Dece...
51
10K
279
248
At December 31, 1994, the Company had an outstanding loan balance of $13,000,000 under the terms of a credit agreement (the "Credit Agreement") with a bank, and the effective interest rate was 6.25%. During 1993, the Company did not meet all the requirements contained in the various financial tests under the covenants ...
95
10K
ScorSE-AR_2009
2,545
Basic and diluted earnings per share are calculated as follows for the years ended 31 December 2009 and 2008, respectively: In EUR million Net income (numerator)
26
annual_report
NatixisSA-AR_2008
5,541
Available-for-sale asset portfolio 329 (325) (36) 50 18 28 4 14
11
annual_report
GjensidigeForsikringASA-AR_2012
2,329
Recoverable amount is the greater of the fair value less costs to sell and value in use. In assessing value in use, estimated future cash flows are discounted to present value using a pre-tax discount rate that reflects the time value of money and the risks specific to the asset. For the purpose of impairment testing, ...
98
annual_report
4670
929
The following is a summary of investments that have been in a continuous unrealized loss position for less than 12 months and those that have been in a continuous unrealized loss position for 12 months or greater as of December 31, 2012 and 2011.
44
10K
LloydsBankingGroupPLC-AR_2008
4,548
Debt securities, treasury and other bills – analysis by credit rating: rated bb aaa aa a bbb or lower not rated total £m £m £m £m £m £m £m as at 31 december 2008 debt securities held at fair value through profit or loss
44
annual_report
StorebrandASA-AR_2005
819
Storebrand’s tax charge is affected by a number of factors that cause the tax rate to differ from the normal rate of 28% for
24
annual_report
5912
1,806
Consolidated Statements of Cash Flows - Years Ended December 31, 2020, 2019 and 2018
14
10K
5949
1,137
The following table summarizes changes in the allowance for credit losses related to fixed maturities, available for sale, for the year ended December 31, 2020 (dollars in millions):
28
10K
3192
1,207
During 2006, the Corporation and the Group received rating upgrades from Fitch and S&P, as well as receiving rating outlook upgrades from A.M. Best and Moody’s, all of which are reflected in the above table.
35
10K
2508
278
We distribute our products through three primary channels: financial intermediaries (banks, securities brokerage firms and independent broker/dealers), independent producers (brokerage general agencies, affluent market producer groups and specialized brokers) and dedicated sales specialists (affiliated networks of both...
42
10K
INGGroepNV-AR_2017
6,304
As our risk assessment processes are decentralised, each front-office team must be highly familiar with ING’s Environmental and Social Risk framework and, in particular, Equator Principles III (EPIII). Hence, ING makes significant investment in internal training programmes to help front office and risk management staff...
54
annual_report
2280
500
In 2002, our net premiums earned grew to $389.4 million from $346.6 million in 2001. This growth was driven by the increase in our premium rates and was concentrated in our commercial liability lines, where rate increases were as high as 25 percent. Because premiums are recorded in earnings over the life of a policy, w...
77
10K
233
269
Partnership II was formed by Conseco, Inc. ("Conseco") to invest in privately negotiated acquisitions of specialized annuity, life and accident and health insurance companies and related businesses. The sole general partner of Partnership II is a wholly owned subsidiary of Conseco. Conseco is a publicly-held specialize...
113
10K
1621
476
Title insurance other operating expenses (principally direct operations) increased 30.3% in 2001 over 2000 and 11.2% in 2000 over 1999. The increase in 2001 over 2000 was primarily due to $8.8 million of costs associated with new acquisitions, as well as incremental costs (i.e., messenger costs, reproduction costs, tit...
97
10K
4470
1,126
We reinsure variable annuity living benefit guarantees to a captive reinsurance company, Pruco Reinsurance, Ltd. (“Pruco Re”). The variable annuity living benefit hedging program described above is primarily executed within Pruco Re. Effective as of July 1, 2011, Pruco Re re-domiciled from Bermuda to Arizona. At this t...
79
10K
4557
2,120
(4) Includes securities transferred to MetLife, Inc. of $170 million and $399 million during the years ended December 31, 2011 and 2010, respectively.
23
10K
199
332
Outlook: Management does not anticipate significant growth in group accident and health insurance premiums and could potentially experience a decline. Individual accident and health insurance premiums will likely decrease due to declining sales of major medical policies. Management is evaluating the profitability of th...
91
10K
PhoenixGroupHoldingsPLC-AR_2009
57
The interests of our policyholders are closely aligned with those of our shareholders: both are well served by a Group that is financially robust, prudently managed and widely respected. Nonetheless, they are not always identical and therefore it is crucial that we have strong and effective governance arrangements.
48
annual_report
4924
1,036
2012, 2013 and 2014 include grants of restricted stock units with both service and performance-based vesting criteria to our executive officers.
21
10K
NatixisSA-AR_2019
1,092
The information it contains specifically takes into consideration Annexes 1 and 2 of European delegated regulation (EU) No. 2019/180 of March 14, 2019, as well as recommendation No. 2012-02, as amended, consolidating the recommendations published since 2009, of the Autorité des Marchés Financiers (AMF — French Financia...
139
annual_report
HelvetiaHoldingAG-AR_2013
29
(equity before preferred securities). / 2 Adjustments of prior-year figures, see section 2.3 on page 102.
16
annual_report
de_allianz-AR_2018
1,039
Group Sustainability Report 2018, to be published on 11 April 2019.
11
annual_report
RaiffeisenBankInternationalAG-AR_2008
546
Burden due to inter national fi nancial markets The continuing crisis on international fi nancial markets initially peaked in September 2008 with the bankruptcy of US investment bank Lehman Brothers. Extensive support of the banking sector by governments and central banks in the United States and Europe helped temporar...
78
annual_report
5718
5,457
Each of the reinsurers under our quota share reinsurance agreements described below has an insurer financial strength rating of A- or better (or a comparable rating) by Standard and Poor's Rating Services, A.M. Best, Moody's, or a combination of the three.
41
10K
2257
190
The active management of market risk is integral to our results of operations. We may use the following approaches to manage our exposure to market risk within defined tolerance ranges: 1) rebalancing existing asset or liability portfolios, 2) changing the character of investments purchased in the future or 3) using de...
86
10K
INGGroepNV-AR_2020
5,650
More than 5 years but less than 10 years 92 92 8 0
13
annual_report
4701
505
The following table summarizes the changes in each line item of our Statement of Income for the year ended December 31, 2013 compared to the year ended December 31, 2012 (in thousands):
32
10K
3771
2,402
CNA has also guaranteed certain collateral obligations of a large national contractor’s letters of credit. As of December 31, 2008 these guarantees aggregated $4 million. Payment under these guarantees is reasonably possible based on various factors, including the underlying credit worthiness of the contractor.
44
10K
5246
1,572
The U.S. Court of Federal Claims denied cross-motions for partial summary judgment on February 4, 2015, and ordered a trial on the previously taxed income issue in the case of Principal Life Insurance Company and Subsidiaries v. the United States. Previously, in the same case, on May 9, 2014, the court ruled against Pr...
196
10K
4629
3,172
At December 31, 2012, net operating loss carry forwards in the U.K. were approximately $45.2 million ($10.5 million tax effected) and have no expiration. A valuation allowance of $1.8 million has been established in respect of $7.8 million of these U.K. losses given management’s expectation that losses in specific U.K....
187
10K
2387
1,940
We use cash from insurance operations primarily to pay claims and claim adjustment expenses. We require insurance premiums to be paid in advance. As a result, cash flows into our business before or at the time premium revenues are recognized. Cash flows out of our business in subsequent months or years as claims are pa...
55
10K
NatixisSA-AR_2016
11,457
A supervisory framework established in 1988 by the Basel Committee aiming to maintain the solvency and stability of the international banking system by establishing uniform
25
annual_report
ScorSE-AR_2013
719
The SCOR Life division underwrites Life reinsurance business in the following business areas(1): Protection (provides protection for death, disability, health, critical illness, long-term care, personal accident), Financial Solutions (enables cedants to fund growth, stabilize earnings and optimize solvency) and Longevi...
46
annual_report
5582
1,313
in income). The fair value of the embedded derivatives is included in the funds withheld at interest line item on the consolidated balance sheets. The change in the fair value of the embedded derivatives is recorded in investment related gains (losses), net on the consolidated statements of income.
48
10K
NatixisSA-AR_2016
212
effects (+€33 billion) and a negative net outflow effect factors: positive foreign exchange (+€12 billion) and market management was due to the combined effect of three key on a constant euro basis. The €30 billion increase in assets under €831.5 billion versus €801.1 billion in 2015, an increase of +2% Global assets u...
60
annual_report
452
523
Income from Continuing Operations before Income Taxes and Minority Interests. Income from continuing operations before income taxes and minority interests increased 32.4% to $82.7 million in 1996 from $62.4 million in 1995, primarily due to an increase in investment income and an improved underwriting result in 1996.
47
10K
4941
1,092
We generally establish one-year commercial membership contracts with employer groups, subject to cancellation by the employer group on 30-day written notice. Our Medicare contracts with CMS renew annually. Our military services contracts with the federal government and our contracts with various state Medicaid programs...
69
10K
5450
1,234
The segments of our insurance operations include casualty, property and surety. The casualty portion of our business consists largely of commercial umbrella, personal umbrella, general liability, transportation and executive products coverages, as well as package business and other specialty coverages, such as professi...
123
10K
4613
1,127
the pooled corporate transactions, the commercial receivable transactions generally benefit from embedded credit enhancement which allows a transaction a certain level of losses in the underlying collateral without causing the Company to pay a claim.
35
10K
3191
3,597
Information about the outstanding three-year intervals as of December 31, 2006, were as follows:
14
10K
4533
1,216
Prior-year amounts have been adjusted for the adoption of accounting guidance January 1, 2012 related to deferred policy acquisition costs.
20
10K
2111
2,879
The International segment had net prior period reserve adjustments of $44.6 million and $6.3 million for the years ended December 31, 2003 and 2002, respectively. These reserve adjustments relate primarily to general casualty business written in the U.S., U.K. and Canada on both a quota share and excess basis for accid...
81
10K
4808
1,553
The decrease in total debt outstanding as of December 31, 2013 compared to December 31, 2012 was primarily due to maturities and repayments of debt, including cash tender offers, redemptions and repurchases of certain debt securities discussed above.
38
10K
2382
396
While 2003 was a profitable year for the property and casualty insurance industry, we anticipate that when all the industry data is reported, 2004 will have been more profitable than 2003. Improvement in 2004 operating results should result in a decrease in the industry’s statutory combined ratio, which is a key perfor...
136
10K
fr_axa-AR_1999
2,119
b03-338 • Item 9 (US) ok 23/05/00 12:11 Page 120 PHILIPPE PHILIPPE 2:JOBS:AXA:03-338 • AXA COB 1999 (US):
18
annual_report
5657
1,021
* Cash and cash equivalents includes U.S. Treasury Bills with maturities of three months or less when purchased of $3.9 billion at December 31, 2018 and $5.7 billion at December 31, 2017.
32
10K
SwissLifeHoldingAG-AR_2005
1,407
Financial assets available for sale 1 979 533 6 229 17 172 54 118 – 80 031
17
annual_report
NatwestGroupPLC-AR_2020
3,863
Banking activities Less than 6 months More than Trading 1 month 1-3 months 3-6 months - 1 year Subtotal 1-3 years 3-5 years 5 years Total activities Total 2020 £m £m £m £m £m £m £m £m £m £m £m Cash and balances at central banks 124,489 — — — 124,489 — — — 124,489 — 124,489 Trading assets — — — — — — — — — 68,990 68,990
70
annual_report
INGGroepNV-AR_2009
1,753
ING announced on 26 October 2009 that it reached an agreement with the Dutch State to alter the repayment terms of the non-voting equity securities issued in November 2008, in order to facilitate early repayment. Under the agreement, ING repurchased on 21 December 2009 EUR 5 billion of the securities, representing half...
125
annual_report
5138
1,540
The expense ratio increased primarily from lower net premiums written and higher operating expenses in 2015 related to contract fees and an early debt redemption payment of $2 million in July 2015 related to the redemption of AUD$90 million of Genworth Financial Mortgage Insurance Pty Limited’s subordinated floating ra...
57
10K
3788
978
One aspect of our growth strategy is the continued enhancement of our product line. In 2008, we primarily directed our efforts to helping consumers broaden their coverage by pairing existing policies
31
10K