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HelvetiaHoldingAG-AR_2016
2,116
The supervisory authority’s capital adequacy requirement for Helvetia Group is calculated in accordance with the rules of the Swiss Solvency Test.
21
annual_report
2574
597
to commence insurance operations generating an accumulated deficit of $8.7 million. Among these activities, we engaged consultants to assist us in our business selection process of partner agents, we contracted with a service company to assist us in reviewing the business of those agents and developing underwriting and...
194
10K
RSAInsuranceGroupPLC-AR_2018
2,377
· An indication of likely future developments in the Company’s business.
11
annual_report
NatwestGroupPLC-AR_2006
1,873
(2) CPR with yield maintenance provision and thus prepayment risk is limited.
12
annual_report
2524
876
Year Ended December 31, 2004 Compared to Three Months Ended December 31, 2003 and Predecessor Nine Months Ended September 30, 2003
21
10K
5278
966
The Company has established target asset portfolios for each major insurance product, which represent the investment strategies intended to profitably fund its liabilities within acceptable risk parameters. These strategies include objectives and limits for effective duration, yield curve sensitivity and convexity, liq...
48
10K
5095
1,501
The fourth quarter of 2015 includes an expense of $176 million ($112 million after tax, or $0.74 per diluted common share) for a premium deficiency reserve associated with our individual commercial medical policies compliant with the Health Care Reform Law associated with the 2016 coverage year.
46
10K
890
361
associated with start-up activities to be expensed as incurred. Both statements are effective for years beginning after December 15, 1998. The Company will adopt SOP 98-1 and SOP 98-5 for the fiscal year ending December 31, 1999 and does not believe these statements will have a material impact on its financial statemen...
52
10K
AegonNV-AR_2016
5,977
LLC and Commonwealth General Corporation with respect to bonds, capital trust pass-through securities and notes issued under commercial paper programs amounted to EUR 633 million (2015: EUR 615 million); and �� Due and punctual payment of any amounts owed to third parties by the consolidated group company Aegon Derivat...
96
annual_report
4337
1,217
The increase in deferred policy acquisition costs was primarily driven by new annualized premium sales and the strengthening of the yen against the U.S. dollar. See Note 6 of the Notes to the Consolidated Financial Statements for additional information on our deferred policy acquisition costs, and see the New Accountin...
70
10K
5825
780
Interest expense reflects the interest associated with our consolidated outstanding debt obligations discussed in Note 7 - “Debt” to our consolidated financial statements and under “Liquidity and Capital Resources” below.
30
10K
INGGroepNV-AR_2001
757
The year 2001 has been a year of integration for ING Asia/
12
annual_report
1161
283
Note 6-Information About Segments of Business - The Corporation's business segments are organized as the General Insurance (property and liability insurance), Mortgage Guaranty, Title Insurance and Life Insurance Groups. The contributions of Old Republic's insurance industry segments to consolidated revenues and operat...
92
10K
ASRNederlandNV-AR_2015
1,708
Managing life insurance risk Life insurance risk is mitigated by pricing ,underwriting policies and reinsurance.
15
annual_report
4945
1,512
Examinations/enforcement actions by regulators. A third type of initiative involves examinations and other actions by state insurance regulators. The Life Companies are the subject of a multi-state market conduct examination by five state insurance regulators that is focused on the Life Companies’ claim settlement and ...
218
10K
5125
1,021
In connection with the restructuring, intangible assets were reviewed for impairment and as a result of our assessment, we have recorded a loss on intangibles related to distributors of $878,000. This amount is included in the asset write off category above and the associated loss is included with restructuring expense...
82
10K
4430
831
were decreased by $86.4 million for the settlement of all remaining unearned premiums and ceded premiums written were decreased by an equal amount for the settlement of related prepaid reinsurance premiums, with no impact on net premiums written. The majority of the increase in premiums ceded in 2010 compared to 2009 i...
81
10K
HiscoxLtd-AR_2005
935
However, significant geographical concentrations of risk can exist within individual segments of the portfolio. The Group’s reserves are calculated by an experienced in-house team of actuaries. The amounts reserved are subject to frequent peer reviews and, for the managed Syndicate, an annual actuarial audit is also pe...
50
annual_report
HannoverRueckSE-AR_2001
1,187
In the year under review Hannover Reinsurance Africa Ltd. concluded a sale-and-lease-back contract for land and business premises effective February 2002 for a period of eight years.
27
annual_report
ScorSE-AR_2013
741
January 2013 the business of Sweden Re, a subsidiary of SCOR Global Life SE was transferred to the new Stockholm branch of the company.
24
annual_report
5598
1,223
As of December 31, 2018 and December 31, 2017, the separate accounts included a separate account valued at $94.9 million and $170.5 million, respectively, which primarily included shares of our stock that were allocated and issued to eligible participants of qualified employee benefit plans administered by us as part o...
136
10K
3216
466
The underwriting expense to net premiums earned ratio increased to 23.2% in 2006 from 21.1% and 19.7% for 2005 and 2004, respectively. These underwriting expense ratio increases are primarily the result of expenses associated with the Company’s national expansion efforts and the 2006 recognition of stock-based compensa...
112
10K
SwissReAG-AR_2015
2,963
Leadership Performance Plan The leadership Performance Plan (lPP) awards are expected to be settled in shares, and the requisite service as well as the maximum contractual term are three years. For lPP 2014 and lPP 2015 awards, an additional two-year holding period applies for all members of the Group EC and GmDs. At g...
128
annual_report
3318
1,830
In December 2007, the FASB issued SFAS No. 160, “Noncontrolling Interests in Consolidated Financial Statements, an amendment of APB No. 51” (“SFAS No. 160”). The objective of SFAS No. 160 is to improve the relevance, comparability, and transparency of the financial information that a reporting entity provides in consol...
226
10K
3035
876
taken write downs or sold at a material loss during the years ended December 31, 2006, 2005 and 2004. The discussion excludes securities sold at a loss which were deemed immaterial. There were no material losses on sales of securities during 2004.
42
10K
4440
2,421
There was a strengthening in the U.S. Private Commercial business of $29.2 million reflecting worse than expected incurred activity primarily in the 2010 report year.
25
10K
gb_prudential-AR_2016
1,205
Barry Stowe Chairman and Chief Executive Officer of the North American Business Unit Appointment: November 2006 Age: 59
18
annual_report
5365
537
As of December 31, 2017, the Company had $364,611 in security sales where the trade date and settlement date were in different financial reporting periods compared to $6,288,274 of security sales overlapping financial reporting periods as of December 31, 2016.
40
10K
5668
2,642
Our companies have elected to file a single U.S. consolidated income tax return (the “life/non-life consolidated return”). All companies domesticated in the United States are included in the life/non-life consolidated return as allowed by the tax law and regulations. We have a tax sharing agreement in place and all int...
213
10K
5412
1,353
Listed below are the contractual maturities of fixed income securities at December 31, 2017:
14
10K
gb_prudential-AR_2016
109
Productivity Report: Q3 2016. 14 Excluding India. 15 Investment performance is to 31 December 2016 and reflects 33 retail funds, representing 85 per cent of M&G retail funds under management, which have delivered top or upper quartile performance over fund manager tenure which is an average of six years. Quartile ranki...
60
annual_report
TrygAS-AR_2005
519
The members of TrygVesta’s Supervisory Board receive a fixed annual remuneration of DKK 200,000 with the deputy chairman and the chairman receiving 75% and 150% more, respectively, than the other members.
31
annual_report
HelvetiaHoldingAG-AR_2016
1,063
Notes to the consolidated financial statements 118 General information 119 Summary of significant accounting policies 133 Segment information 145 Foreign currency translation 146 Property and equipment 148 Goodwill and other intangible assets 150 Investments 163 Financial liabilities 166 Insurance business 176 Income t...
77
annual_report
NatixisSA-AR_2014
3,427
In particular, in calculating the liquidity coverage ratio (LCR) according to the Delegated Act of October 10, 2014, the amounts of these additional cash outfl ows and additional surety requirements are measured as the payment the bank would have to make within 30 calendar days of its credit rating being downgraded by ...
56
annual_report
DirectLineInsuranceGroupPLC-AR_2018
1,218
The Financial Reporting Council’s Audit Quality Review team reviewed the audit of the 2017 financial statements of the Group’s principal subsidiary as part of their 2018 annual inspection of audit firms. The inspection covered selected aspects of the audit and focused on identifying areas where improvements were requir...
112
annual_report
5246
1,847
(5)Certain investments are measured at fair value using the NAV per share (or its equivalent) practical expedient and have not been classified in the fair value hierarchy. These consist of certain fund interests that are restricted until maturity with unfunded commitments totaling $57.6 million and $7.3 million as of D...
57
10K
146
158
Management's Discussion and Analysis of Financial Condition and ---------------------------------------------------------------- Results of Operations. ----------------------
13
10K
4551
1,565
On December 17, 2009, the Company completed a leveraged transaction with the original family shareholders of Gras Savoye and Astorg Partners, a private equity fund, to reorganize the capital of Gras Savoye (‘December 2009 leveraged transaction’). The Company, the original family shareholders and Astorg now own equal st...
88
10K
4811
3,388
The Company commits to lend funds under mortgage loan commitments. The amounts of these mortgage loan commitments were $3.1 billion and $2.7 billion at December 31, 2013 and 2012, respectively.
30
10K
RaiffeisenBankInternationalAG-AR_2017
884
Southeastern Europe in € million 1/1-31/12 pro forma Change Q4/2017 Q3/2017 Change
12
annual_report
NatixisSA-AR_2006
1,141
Jean-Charles Naouri, age 58, is Chairman and Chief Executive Offi cer and founder of EURIS, the holding company of one of France’s leading retail groups. He began his career as an auditor with the French Treasury before becoming chief of staff at the Ministry of Social Affairs and National Solidarity in 1982 and at the...
74
annual_report
PosteItalianeSpA-AR_2018
853
Property, plant and equipment and Investment property 1,957 23 - 12 1 1,993
13
annual_report
LloydsBankingGroupPLC-AR_2018
1,502
The Group, led by the Nomination and Governance Committee, has worked closely with the Regulators to ensure that there is in place a Group structure and governance arrangements which are appropriate for the Group, and meet regulatory requirements. Lloyds Bank plc and Bank of Scotland plc have been identified as the ban...
79
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2009
726
RoRac is defined as follows: the numerator in the formula comprises the published iFRS net income adjusted for post-tax income (interest rate x [1 – tax rate]) generated on capital not subject to risk within the given risk tolerance. the basis for the adjustment is the capital exceeding the necessary risk-based capital...
179
annual_report
BeazleyPLC-AR_2018
139
Maximising and measuring our impact Underwriting strategy Before binding any risks, our underwriters consider the risks being presented in the widest possible sense, including the potential social and environmental impact of the insurance in question.
35
annual_report
5747
483
lower servicing costs on higher revenue. For this reason, and because we are placing an increasing percentage of Total Written Premium in the Franchise Channel, Core Revenue growth will lag that of Total Written Premium.
35
10K
3676
776
Our Atiam business segment offers InsPro on a licensed and an application service provider, or ASP, basis. An InsPro software license entitles the purchaser to a perpetual license to a copy of the InsPro software installed at a single client location, which may be used to drive a production and model office instance of...
100
10K
RSAInsuranceGroupPLC-AR_2015
3,538
RSA Annual Report and Accounts 2015 173Financial statements – Financial statements of the Parent Company
15
annual_report
5259
1,467
Operating income is a non-GAAP financial measure that is widely used to evaluate performance within the insurance sector. In calculating operating income, we have excluded the after-tax effects of the items listed in the following table that do not reflect normal operating results. We believe operating income presents ...
72
10K
PowszechnyZakladUbezpieczenSA-AR_2020
161
B) Impairment of goodwill (Alior Bank, Bank Pekao) and intangible assets (Alior Bank) - - - - (1 343)*
19
annual_report
5906
2,060
The carrying values of specifically identifiable intangible assets are reviewed at least annually for indicators of impairment in value that are related to credit loss or non-credit, including unexpected or adverse changes in the following: the economic or competitive environments in which the company operates; profita...
190
10K
fr_axa-AR_2019
10,593
The financial statements as at December 31, 2019 are prepared and presented in accordance with the provisions of the 2014
20
annual_report
BaloiseHoldingLtd-AR_2016
536
Types of refuse 43.0 % paper / cardboard 10.0 % other materials 2.0 % special waste 45.0 % misc. waste / refuse
22
annual_report
StorebrandASA-AR_2010
1,173
Standards and interpretations of existing standards and where Storebrand has not chosen early application the Group has not made any changes to the accounting policies applied in 2010.
28
annual_report
TrygAS-AR_2011
1,123
COP report in compliance with UN Global Compact and comprise Tryg’s CSR reporting in compliance with the Danish Financial Statement Act, section 99a.
23
annual_report
5910
897
Basis of Presentation: The accompanying consolidated financial statements of Globe Life have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), under guidance issued by the Financial Accounting Standards Board (FASB). The preparation of consolidated financi...
96
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2002
1,156
The predominant features of the reinsurers‘ investment result were, on the one hand, the high profits from shareholding transactions with Allianz in the first and second quarters of the year under review and, on the other hand, the heavy losses on disposals of investments and writedowns on shares in the third and fourt...
65
annual_report
4147
1,171
In 1998, Unum Group completed public offerings of $200.0 million of 7.25% senior notes due 2028, $200.0 million of 7.0% senior notes due 2018, and $250.0 million of 6.75% senior notes due 2028. None of these amounts have been reduced other than the 6.75% notes, which have an aggregate principal amount outstanding of $1...
59
10K
fr_axa-AR_2015
8,587
The IFC programme and the conclusion of management as to the effectiveness of AXA’s ICOFR are also reviewed by AXA’s
20
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2003
1,910
Hestia Investment Organiczona, Sopot 7.3%, PLN 42.1m, Zero Coupon Bonds 2002/2003 – 10
13
annual_report
LloydsBankingGroupPLC-AR_2016
4,253
NOTE 30: TRADING AND OTHER FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS
14
annual_report
ScorSE-AR_2012
455
regime is still ongoing. The published Solvency II Directive will be amended by the Omnibus II Directive which is still being negotiated between European co-legislators. When this is concluded, the European Commission will have to adopt Level 2 delegated acts and the European Insurance and Occupational Pensions Authori...
135
annual_report
NatixisSA-AR_2016
1,532
Committees to deliberate on those issues submitted for may, at the proposal of the Chairman, set up its owne)
19
annual_report
RaiffeisenBankInternationalAG-AR_2018
1,331
This segment encompasses the most advanced banking markets in Central and Eastern Europe, namely the EU members, Czech Republic, Hungary, Poland, Slovakia and Slovenia. In Poland, RBI operated retail banking and business with high net worth private customers in addition to lending business with corporate customers as w...
204
annual_report
5825
818
Income before tax / Net income $ 559,263 $ 113,170 $ 446,093 847,977 174,214 673,763
15
10K
PosteItalianeSpA-AR_2018
1,092
Increase/(decrease)2017 2018 Results of operations (€m) 2018 2017 10.8% 7 63 70 Distribution of third-party products 263 272 (9) -3.4%
20
annual_report
3584
2,054
risks relating to the sale of our Life Reinsurance International Segment or Wealth Management business;
15
10K
GjensidigeForsikringASA-AR_2010
241
the loss ratio came to 83.3 in 2010 compared with 76.3 in the previous year. the level of large losses* was substantially higher in 2010 than in 2009, which had a negative effect on the underwriting profit. among other things, the level of major losses in 2010 was affected by a large fire in sweden and by heavy rains i...
91
annual_report
NatixisSA-AR_2008
4,607
The principal and interest on the Notes (which constitute obligations under French law) are direct, unconditional, unsecured, undated and deeply subordinated obligations of the Issuer and rank and will rank pari passu among themselves and with all other present and future Support
42
annual_report
5530
2,117
The Company manages its business through the following operating segments: Bankers Life, Washington National and Colonial Penn, which are defined on the basis of product distribution; long-term care in run-off; and corporate operations, comprised of holding company activities and certain noninsurance company businesses...
168
10K
4725
2,944
HLAI cedes certain variable annuity contracts and their associated riders as well as certain payout annuities issued by HLAI or assumed by it to White River Life Reinsurance Company ("WRR"), an affiliate captive reinsurer. This arrangement provides the Company with a vehicle to provide more efficient financing of the r...
93
10K
fr_axa-AR_2008
1,539
The contractual maturities of financing debts are detailed in Note 16.4 of Part V – “Consolidated Financial Statements”.
18
annual_report
2372
1,729
Earned premiums, which include premiums for ceded reinsurance, decreased primarily due to increased use of reinsurance. The decrease in net investment income was due primarily to lower investment yields.
29
10K
SwissLifeHoldingAG-AR_2003
1,148
Swiss Life Group . Financial Statements 2003 . Notes to the Consolidated Financial Statements 100 Net realised and unrealised gains/losses on investments
22
annual_report
AegonNV-AR_2014
913
Separate account group contracts are large group contracts that have an individually determined asset investment underlying the pension contract. A guarantee usually consists of profit sharing, and is the highest of either the market interest rate, or the
38
annual_report
5827
1,137
Our expense ratio is a measure of the efficiency and performance of the commercial and personal lines of business (our risk-bearing underwriting operations). It is calculated by dividing the sum of policy acquisition costs and other underwriting expenses by the sum of net earned premiums and other income of the underwr...
84
10K
4765
884
The following methods and assumptions were used by the Company in estimating the fair value for financial instruments in the accompanying consolidated financial statements and in these notes for the years ended 2013 and 2012:
35
10K
AvivaPLC-AR_2019
1,478
The Company pays cash dividends in pounds sterling and euros, although the articles of association permit payment of dividends on ordinary shares in any currency and in forms other than cash, such as ordinary shares.
35
annual_report
TrygAS-AR_2002
30
The gloomy macroeconomic indicators in 2002 had a favourable impact on bond markets. Interest rates fell steadily over the year to the current historic lows.
25
annual_report
BaloiseHoldingLtd-AR_2002
891
3.3.2 Investment property Investment property is shown at fair market value. This is determined each year by a valuation based on prevailing market conditions and carried out by in-house specialists. The fair value of holdings is derived principally from future cash flows, using mathematical calculations based on simil...
85
annual_report
HannoverRueckSE-AR_2010
2,402
Hannover Services (México) S.a. de C.V., Mexico City/Mexico4 100.00 MXn 11,022 MXn 1,031
13
annual_report
HelvetiaHoldingAG-AR_2014
2,941
The Board of Directors determines the extent of target achievement for the long-term compensation component (LTC). The reference figure, which is multiplied by the degree of objective attainment, is a percentage of up to 40 % of the fixed salary component. The LTC
43
annual_report
4888
1,738
Based on the expected cash flows of the underlying hedged items, the Company expects to reclassify $0.1 million out of accumulated other comprehensive income (loss) into earnings during the next twelve months.
32
10K
ASRNederlandNV-AR_2018
793
Number of employees Number of employees in FTEs, all of them employed in the Netherlands. 3,683 3,493 a.s.r. as an investor and taxes
23
annual_report
NatixisSA-AR_2015
9,699
Cross-reference table for the management report 8.5 Cross-reference table for the management report
13
annual_report
NatwestGroupPLC-AR_2020
4,239
In assessing the risk of material misstatement to the Group financial statements, and to ensure we had adequate quantitative coverage of significant accounts in the financial statements, of the five reporting components of the Group, we selected four components based on size and risk, which represent the principal repo...
54
annual_report
2849
627
As of December 31, 2005, IBNR loss reserves accounted for $71,664,000, or 17.5 percent, of the property and casualty insurance segment’s total loss and settlement expense reserves, compared to $55,720,000, or 18.0 percent at December 31, 2004. IBNR reserves are, by nature, less precise than case reserves. A five percen...
81
10K
gb_prudential-AR_2006
4,091
The most significant equity holdings in Asian operations are in Hong Kong, Singapore and Malaysia. The arithmetic average equity return assumptions for these three territories at 31 December 2006 were 8.7 per cent, 9.3 per cent and 12.8 per cent respectively (2005: 8.6 per cent, 9.3 per cent and 12.8 per cent respectiv...
53
annual_report
5090
681
The quota share reinsurance agreements require FNIC to secure the credit, regulatory and business risk. Fully funded trust agreements securing these risks totaled $3.5 million and $4.9 million, as of December 31, 2015 and 2014, respectively.
36
10K
Sampoplc-AR_2013
992
Ceded written premiums 208 +/- 10 per cent +/- 21 +/- 26
12
annual_report
ASRNederlandNV-AR_2013
198
Many of a.s.r.’s customers receive their services and advice from intermediaries, who also increasingly use online applications (offered via service providers). By partnering up with intermediaries and service providers, new customers are being drawn in and existing customers receive excellent services.
41
annual_report
5755
1,078
Further, the enacted legislation also included a new provision treating an amount equal to 6% of the Safety Reserve balance as of January 1, 2021, as additional taxable income in tax year 2021 only, subject to tax at the applicable 20.6% rate. Based on this provision and Sirius International's Safety Reserve balance as...
92
10K
2204
529
Because we have a diverse mix of products, services, insurer relationships and distribution channels, revenue and profitability levels are not usually highly susceptible to major changes as a result of a single product or service. (An exception occurred in 2003. See “US Results” on page 25.) However, general economic t...
69
10K
1070
549
* the amount of historical information available during the estimation process;
11
10K
3926
1,322
In addition, we are periodically audited by Federal and state taxing authorities and these audits can result in proposed assessments. We believe that our tax positions comply with applicable tax law and, as such, will vigorously defend these positions on audit. We believe that we have adequately provided for any reason...
78
10K
DirectLineInsuranceGroupPLC-AR_2015
2,807
Interest charged on borrowings from related parties was at rates ranging from 0.5% to 0.6% (2014: 0.5% to 0.6%).
19
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2001
1,240
Real estate pledged as security and other restrictions on title amount to €214m (193m). The expenses for investments under construction total €36m (66m) at the balance sheet date. Commitments to acquire real estate amount to €367m (141m).
37
annual_report
1167
270
Basic EPS, which is calculated by dividing net income by the weighted average number of common shares outstanding, replaced primary EPS from the prior standard. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or
46
10K
4163
1,144
At December 31, 2010, our fixed maturity portfolio had $815.0 million of unrealized gains and $336.9 million of unrealized losses, for a net unrealized gain of $478.1 million. Estimated fair values of fixed maturity investments were determined based on estimates from: (i) nationally recognized pricing services (85 perc...
70
10K
Sampoplc-AR_2008
284
EUR -1,759 million (26) as a result of the fall in Nordea’s share price.
14
annual_report