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5384
896
Earned premiums on accident and health insurance increased by $12.3 million in 2017, compared to 2016, due primarily to higher volume on accident and health insurance products offered by Reserve National and, to a lesser extent, lower accrued medical loss ratio (“MLR”) premium rebates. Incurred accident and health insu...
136
10K
2179
3,060
In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the period in which th...
105
10K
2121
11,049
Total earnings before income taxes include income subject to tax in foreign jurisdictions of $21.7 million in 2003, $17.8 million in 2002 and $8.3 million in 2001.
27
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2005
717
Karl Wittmann – Jordan Ins. Co. p. l. c., Amman Saudi National Insurance Company e.c., Jeddah
16
annual_report
4766
1,065
Pursuant to the terms of the Merger Agreement, on the TransRe Acquisition Date, stockholders of Old TransRe were entitled to receive, in exchange for each share of Old TransRe common stock held, either shares of Common Stock or cash consideration with a value equal to approximately $61.14 (“Per Share Consideration”), w...
144
10K
5838
1,039
•Corporate and Other. This segment consists of the operations of the parent holding company, our real estate technology subsidiaries and our remaining real estate brokerage businesses. This segment also includes certain other unallocated corporate overhead expenses and eliminations of revenues and expenses between it a...
48
10K
4389
1,225
Our best estimates for Montpelier Syndicate 5151’s ending gross loss and LAE reserves at December 31, 2011 and 2010 were $341.6 million and $166.4 million, respectively. Montpelier Syndicate 5151’s gross IBNR reserves as a percentage of its total gross reserves were 57% and 64% as of December 31, 2011 and 2010, respect...
115
10K
5944
1,218
Norvax had a Class C Incentive Plan (the “Class C Plan”), which Norvax accounted for as a liability award. Class C units granted under the plan represented profit interests’ units and entailed no initial capital contribution. Class C units had no voting rights.
43
10K
PhoenixGroupHoldingsPLC-AR_2019
3,297
Amounts due for settlement after 12 months 79,508 6,532 75,700 6,801
11
annual_report
5740
1,177
Significant judgment is required to determine the SSP for each distinct performance obligation. The Company rarely offers the individual performance obligations identified on a stand-alone basis, so the Company is required to estimate the SSPs for each performance obligation. In instances where the SSP is not directly ...
124
10K
4225
4,339
(d)The expected term of stock options granted is the period of time the SARs are expected to be outstanding.
19
10K
1101
444
On October 9, 1997, the Company acquired the common stock of Credit Reports, Inc., a credit reporting company headquartered in Scottsdale, Arizona, with operations in California, Colorado, Nevada and Oregon.
30
10K
gb_lloyds_banking_grp-AR_2014
5,731
Includes assets within the Group’s unit‑linked funds for which credit risk is borne by the policyholders and assets within the Group’s With‑Profits funds for which credit risk is largely borne by the policyholders. Consequently, the Group has no significant exposure to credit risk for such assets which back related con...
51
annual_report
AdmiralGroupPLC-AR_2016
2,465
Financial Statements Additional InformationCorporate GovernanceStrategic Report Introduction 141Admiral Group plc · Annual Report and Accounts 2016
16
annual_report
4656
786
Certain variable annuities offer guaranteed minimum death benefits ("GMDB") and the reserves are determined by estimating the value of expected benefits in excess of the projected account balance and the excess is ratably recognized over the accumulation period based on total expected assessments. Expected experience i...
141
10K
INGGroepNV-AR_2001
385
Europe, the integration of the American business units within ING Americas and the development toward a worldwide ING brand.
19
annual_report
TrygAS-AR_2014
837
Read more at tryg.com > CSR > Thematic areas > Climate.
11
annual_report
gb_prudential-AR_2015
1,570
— Proposals for election and re-election are supported by the annual performance evaluation of each Director, which concluded that each Director continues to make an effective contribution.
27
annual_report
2822
1,477
As a result of the sale of the Company’s variable life insurance and annuity business, the Life Companies segment, which is in run-off, now consists primarily of a block of traditional life insurance products (principally the Closed Block), GIC business, as well as certain non-insurance subsidiaries (see Note 2 - Sale ...
102
10K
gb_prudential-AR_2016
6,581
Profit before tax attributable to shareholders 2,275 3,148 2,614 1,635 2,747 Tax credit (charge) attributable to shareholders’ returns (354) (569) (398) (289) (584)
23
annual_report
3990
2,468
The People Resources Committee of the Board of Directors awards stock options, restricted stock and deferred stock to certain employees. To a very limited extent, the Committee has issued common stock instead of cash compensation and dividend equivalent rights as part of restricted and deferred stock units. The Company...
69
10K
RSAInsuranceGroupPLC-AR_2019
842
· Expanded our telematics offering to Ireland with the launch of 123GO.
12
annual_report
5287
1,532
The table below presents the estimated future minimum benefit payments at December 31, 2016.
14
10K
DirectLineInsuranceGroupPLC-AR_2018
1,771
At the same time, Penny’s pension contribution will be reduced from her current contribution rate of 25% of salary to 9% of salary, in line with that of the wider workforce. There will be no change to her participation in the Company’s AIP up to a maximum of 175% of salary and the LTIP up to 200% of salary.
59
annual_report
SwissLifeHoldingAG-AR_2011
1,806
On 16 November 2005, J.P. Morgan Bank Luxembourg S.A. issued on a fiduciary basis EUR 350 million fixed/floating rate subordinated perpetual notes at a price of 99.423% to fund a loan made by it to Swiss Life AG. Swiss Life AG may repay the loan in full on 16 November 2015 or on any interest payment date thereafter, up...
117
annual_report
4434
990
See Note 2 for information on the recent sale of our former subsidiary, EquiTrust Life Insurance Company (EquiTrust Life). Financial results of this business component have been reclassified in the prior period financial statements and excluded from the notes to the consolidated financial statements, unless otherwise n...
47
10K
StandardLifeAberdeenPLC-AR_2017
537
• Our people: providing every opportunity for our people to reach their potential, regardless of gender
16
annual_report
SwissReAG-AR_2019
3,649
Sale of own shares 2 –476 363 –1 125 758 Share buyback programme (153rd AGM 2017)3 4 485 316 – Share buyback programme (154th AGM 2018)4 10 050 442 1 164 319 Cancellation of shares bought back –10 832 816 –11 214 761 Share buyback programme (155th AGM 2019)5 – 8 239 000 Own shares as of 31 December 38 575 324 36 749 76...
95
annual_report
5265
3,862
The New York Attorney General has subpoenaed the Company, along with other companies, regarding its unclaimed property procedures and may ultimately seek remediation and other relief, including damages. Additionally, the New York Office of Unclaimed Funds is conducting an audit of the Company’s compliance with New York...
50
10K
AssicurazioniGeneraliSpA-AR_2015
3,861
Cajamar Vida S.A. de Seguros y Reaseguros 067 EUR 9,015,200 G 2 50.00 Generali España Holding de Entidades de Seguros S.A. 50.00 50.00
23
annual_report
4782
2,883
The following table provides detail about the composition of future policy benefits at December 31.
15
10K
5159
670
Our limited partnership investments consist of four private equity funds managed by their general partners. Three of these funds have unexpired capital commitments which are callable at the discretion of the fund’s general partner for funding new investments or expenses of the fund. At December 31, 2015, there was an a...
80
10K
4461
707
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated balance sheets of National Interstate Corporation and subsidiaries as of December 31, 2011 and 2010 and the related consolidated statements of income, shareholders’ equity and cash f...
78
10K
SwissReAG-AR_2017
2,327
For VAI performance outcomes over past years please refer to page 170.
12
annual_report
5404
1,454
GMDB and GMIB: Reserves for annuity guaranteed minimum death benefits ("GMDB") and guaranteed minimum income benefits ("GMIB") are determined by estimating the value of expected benefits in excess of the projected account balance and recognizing the excess ratably over the accumulation period based on total expected as...
194
10K
de_allianz-AR_2003
2,172
These include unearned premiums, the aggregate policy reserves, reserves for loss and loss adjustment expenses, and other insurance reserves. Premiums written attributable to income of future years are accrued in unearned premiums. These premiums are distributed to the current fiscal year and subsequent years in relati...
75
annual_report
1850
1,895
24,500 354,800 53,800 52,000 20,700 45,300 23,200 112,000 93,800 38,400 48,300
11
10K
SwissLifeHoldingAG-AR_2019
2,777
At 31 December 2019, if the discount rate had been 50 basis points higher (lower), the defined benefit obligation would have decreased by CHF 298 million (increase CHF 340 million). At 31 December 2018, if the discount rate had been 50 basis points higher (lower), the defined benefit obligation would have decreased by ...
60
annual_report
4678
1,185
The total compensation expense ratio was 51.6% for the year ended December 31, 2012 compared with 49.0% for year ended December 31, 2011. The increase in the total compensation expense ratio is primarily the result of the increase in fees to principals.
42
10K
5928
1,659
In addition, the Company’s Stabilizer and MCG products have guaranteed credited rates. Credited rates are set either quarterly or annually. Most contracts have a zero percent minimum credited rate guarantee, although some contracts have minimum credited rate guarantees up to 1% and allow the contract holder to select e...
88
10K
AvivaPLC-AR_2009
5,210
Annual bonuses have targets set against a range of financial, customer and employee metrics, accounting for 70% of the bonus opportunity, with personal objectives accounting for the remaining 30%.
29
annual_report
NatwestGroupPLC-AR_2016
6,755
Settlement balances and other liabilities 5,673 — — — — —
11
annual_report
INGGroepNV-AR_2014
1,157
(1) Year-end 2014 figures, estimated based on institutional share ownership figures provided by Nasdaq Corporate Solutions.
16
annual_report
StandardLifeAberdeenPLC-AR_2008
1,504
Lothian Mortgages Master Issuer plc – EUR – Maturity 2050 5.16% 4.85% 460 348
14
annual_report
NatixisSA-AR_2011
4,497
When evidence of impairment exists, Natixis calculates the estimated recoverable amount discounted at the original effective interest rate, taking into account the impact of any available guarantees. Impairment is recognized as the difference between the net carrying amount of the loan and its estimated recoverable amo...
46
annual_report
AegonNV-AR_2019
4,822
Aegon's significant financial risks and related financial information are explained in the order as follows:  Credit risk  Equity market risk and other investment risks  Interest rate risk  Currency exchange risk  Liquidity risk
37
annual_report
de_allianz-AR_2018
1,368
Our operating profit increased by 3.7 %, compared to 2017, and was in the upper end of the target range for 2018. This growth was largely attributable to our Property-Casualty business segment, where favorable developments such as a decreased expense ratio, lower claims from natural catastrophes, and premium growth res...
88
annual_report
3203
612
(n) Escrow Funds-Segregated cash deposit accounts and the offsetting liabilities for escrow deposits in connection with Title Insurance Group real estate transactions in the same amounts ($928.6 and $1,426.3 at December 31, 2006 and 2005, respectively) are not included as assets or liabilities in the accompanying conso...
59
10K
3739
1,486
The table above shows our initial estimated ultimate claims and claim expense ratios for attritional losses for each new underwriting year within our specialty reinsurance unit as of the end of each calendar year. Until 2007, our initial estimated ultimate remained relatively constant between 76.6% in 2006 and 78.2% in...
103
10K
5928
1,973
(3) This facility is associated with a total return swap between Voya Financial, Inc. and the lender. As of December 31, 2020, we did not meet the net worth requirement pursuant to the swap agreements. This matter was resolved on January 4, 2021 with the cancellation of the facility agreement and the return of the lett...
58
10K
2253
1,049
Declared cash dividends per share were $1.00, 89 cents and 84 cents for the years ended December 31, 2003, 2002 and 2001, respectively.
23
10K
Sampoplc-AR_2009
1,973
Holding Domestic other than listed companies EURm Country No. of shares Holding %
13
annual_report
4873
1,313
The Company’s intangible assets and goodwill are tested at least annually for impairment and more often if a triggering event is deemed to have occurred. Impairment testing for indefinite-lived intangible assets is performed based upon estimates of the fair value of the asset. The Company uses third party valuation app...
221
10K
fr_axa-AR_2005
4,756
– €383 million relating to a transfer by AXA Financial of a real estate asset as collateral for a short-term debt.
21
annual_report
LloydsBankingGroupPLC-AR_2015
1,214
Professional development and training Continuing professional development is an important aspect of every professional’s working life, including Directors. Skills and knowledge need to be kept up-to-date to ensure the efficiency of the Board as a whole and the ability of every single Director to contribute to the highe...
49
annual_report
HelvetiaHoldingAG-AR_2012
2,503
Reinsurance premiums Amount paid by the insurer to the reinsurer in exchange for the latter’s assumption of risks.
18
annual_report
HiscoxLtd-AR_2012
65
Insurance politics The year has seen us conquer the burden of Solvency ll and I think achieve greater harmony with our regulator, freeing us up to get on with making money. The financial burden of the implementation of Solvency ll on us and the industry has been considerable. After 48 years of assessing risks, which is...
107
annual_report
4630
552
Based upon these inputs and assumptions, the pricing service provides a range of values to the Company for its ARS. The Company records the fair value based on the midpoint of the range and believes that this valuation is the most reasonable estimate of fair value. In 2012 and 2011, the difference in the low and high v...
75
10K
de_allianz-AR_2014
443
− balance sheet strength, − comparison with peers, − “partner of choice” for stakeholders, − extraordinary events.
17
annual_report
gb_prudential-AR_2019
5,455
Eastspring Investments MY Focus Fund U 21.40% Eastspring Investments Berhad, Level 22, Menara Prudential, Persiaran TRX Barat, 55188 Tun Razak Exchange, Kuala Lumpur, Malaysia
24
annual_report
5705
2,114
While management believes that AFG’s reserves for A&E claims are a reasonable estimate of ultimate liability for such claims, actual results may vary materially from the amounts currently recorded due to the difficulty in predicting the number of future claims, the impact of bankruptcy filings and unresolved issues suc...
113
10K
RaiffeisenBankInternationalAG-AR_2015
1,297
Financial assets at fair value through profit or loss 5,363,032 3,853,910
11
annual_report
AvivaPLC-AR_2008
1,952
Scott Wheway Chairman, Remuneration Committee 14_governance_p100_119.qxd:Layout 1 13/3/09 14:52 Page 119
11
annual_report
gb_lloyds_banking_grp-AR_2002
1,417
Fair value rate of Fair value rate of at return at at return at 31 December 31 December 31December 31December
20
annual_report
2979
4,174
IHC enters into a variety of contractual obligations with third-parties in the ordinary course of its operations. These obligations, as of December 31, 2006, are set forth in the table below. However, we do not believe that our cash flow requirements can be fully assessed based upon an analysis of these obligations. Fu...
109
10K
BaloiseHoldingLtd-AR_2013
2,556
The Baloise Group had recognised deferred tax assets on tax loss carryforwards totalling CHF 155.3 million as at 31 December 2013 (2012: CHF 211.2 million). Of this total, CHF 0.2 million will expire after one year and CHF 155.1 million will expire after five years or more.
47
annual_report
AssicurazioniGeneraliSpA-AR_2016
2,967
Change in other insurance provisions 26 42 0 7 26 48
11
annual_report
1552
276
Loss reserves on certain permanent total disability workers' compensation reserves have been discounted to present value at pre-tax rates not exceeding 3.5%. At December 31, 2000 and 1999, loss reserves have been reduced by approximately $5,096 and $5,553, respectively. Discounting is applied to these claims since the ...
63
10K
212
388
First Re had stopped writing new business in April 1990, was running-off its discontinued underwriting operations and commuting, where possible, its underwriting liabilities since that time. The run-off of this book of business has continued since the acquisition and has been combined with the Registrant's primary busi...
64
10K
LloydsBankingGroupPLC-AR_2013
3,498
For multi-country asset backed securities exposures, the Group has reported exposures based on the largest country exposure. The country of exposure for asset backed securities is based on the location of the underlying assets which are predominantly residential mortgages not in the domicile of the issuer.
46
annual_report
fr_axa-AR_2018
6,569
In addition, as part of its commitment to Health and disease prevention (one of the four pillars of its CR strategy), AXA decided in 2018 to tackle the rising incidence of obesity and type 2 Diabetes. Acknowledging the link between diet and lifestyle factors and this disease, AXA’s initiatives will be guided by health ...
62
annual_report
Sampoplc-AR_2016
311
ML Future Climate, the first product in the Future product family launched by Mandatum Life in 2015, steers investment assets to companies with a smaller carbon footprint. The ML Future Quality Equity established in 2016 invests in high-quality, responsibly operating companies with higher-than-average performance stabi...
76
annual_report
SwissReAG-AR_2005
1,091
He joined Swiss Re in 1985 and worked in a variety of underwriting and marketing roles in Toronto. In 1994, he moved to Zurich where he held positions in the former Asia-
32
annual_report
BeazleyPLC-AR_2015
819
Substantial shareholdings As at 3 February 2016, the board had been notified of, or was otherwise aware of, the following shareholdings of 3% or more of the company’s issued ordinary share capital: Number of ordinary shares %
37
annual_report
4202
894
In January 2011, A.M. Best revised its outlook for the commercial lines industry from stable to negative, reflecting: (i) continued competitive market conditions; (ii) gradual price deterioration; and (iii) reduced levels of favorable loss reserve development. Combined with loss cost inflation, they believe the pricing...
171
10K
5494
1,585
The aggregate amount of insurance in force ceded by MBIA to reinsurers was $5.1 billion and $7.6 billion as of December 31, 2017 and 2016, respectively. Included in the reinsurance insurance in force as of December 31, 2016 was $267 million related to MBIA UK.
45
10K
gb_lloyds_banking_grp-AR_2006
838
The Group has sold insurance products that contain options and guarantees, both within the With Profit Fund and in other funds.
21
annual_report
1752
426
Loss and Loss Adjustment Expenses. The Company estimates its liability for loss and LAE using actuarial projections of ultimate losses and LAE and other quantitative and qualitative analyses of conditions expected to effect the future development of claims and related expenses. The estimated liability for losses is bas...
162
10K
5516
1,098
As of December 31, 2018 and 2017, we had margin of approximately zero to $300 million and a PVFP balance of $77 million and $82 million, respectively, on our acquired block of term and whole life insurance products. If our margin is reduced below zero for our acquired block of term and whole life insurance products,
56
10K
NatwestGroupPLC-AR_2012
6,548
Macro-prudential, regulatory and legal risks Each of the Group’s businesses is subject to substantial regulation and oversight. Significant regulatory developments and changes in the approach of the Group’s key regulators could have a material adverse effect on how the Group conducts its business and on its results of ...
134
annual_report
AvivaPLC-AR_2018
1,394
Share plan operation and performance testing • Reviewed performance testing of all existing LTIP awards, and approved targets for the 2018 LTIP awards • Approved vesting of the 2015 LTIP and noted the interim testing for the 2016, 2017 and 2018 awards • Reviewed the proposed changes to future LTIP grants • Approved the...
62
annual_report
3155
2,395
The Medicare Part D related subsidy liabilities identified in the table above represent subsidy amounts received from the Centers for Medicare and Medicaid Services (“CMS”) for reinsurance and for cost sharing related to low income individuals. These subsidies are recorded in medical liabilities and we do not recognize...
80
10K
INGGroepNV-AR_2015
5,978
2015 2014 –100 bps +100 bps –100 bps +100 bps By currency Euro 39 173 –107 68 US Dollar –33 28 –5 5 Other –28 39 –7 16 Total –22 240 –119 89 2015 2014 –100 bps +100 bps –100 bps +100 bps By business Wholesale Banking -2 165 –19 7 Retail Banking Benelux 9 5 –39 101 Retail Challengers & Growth Markets 30 -10 –27 –86 Corp...
79
annual_report
2795
645
Renewal Commission Revenue and Related Fees. Renewal revenue is recognized on the date that the renewal premium is due or paid by the client to the insurance company depending on whether a policy is considered fixed or variable. Fixed renewal policies have predictable set premium amounts. Revenue on these policies is r...
193
10K
AegonNV-AR_2019
1,264
Aegon Integrated Annual Report 2019 44 45 Composition of the Boards
11
annual_report
StorebrandASA-AR_2019
572
GOALS AND AMBITIONS A key objective is to ensure that the Group does not enter into agreements with suppliers whose production processes or products violate international agreements, national legislation or internal policies. We shall contribute to sustainable development and to ensuring that human rights and labour la...
50
annual_report
fr_axa-AR_2017
4,567
Reinsurers’ share in surrenders, maturities and other claims and benefits paid net of charges and penalties (-) (732) (15) (747) (7,464) (20) (7,484)
23
annual_report
PosteItalianeSpA-AR_2015
885
With respect to recruitment obligations relating to disabled people, agreements were reached with provincial and metropolitan authorities in areas where there is a shortfall in the number of disabled people employed.
31
annual_report
RaiffeisenBankInternationalAG-AR_2019
5,348
The following consolidated figures have been calculated in accordance with the provisions of the Capital Requirements Regulation (CRR) and other statutory provisions such as the Implementing Technical Standards (ITS) issued by the European Banking Authority (EBA).
36
annual_report
5705
2,126
Contingencies related to Subsidiaries’ Former Operations The A&E studies and reviews discussed above encompassed reserves for various environmental and occupational injury and disease claims and other contingencies arising out of the railroad operations disposed of by American Premier’s predecessor and certain manufact...
140
10K
NatixisSA-AR_2020
7,134
After initial recognition, loans and receivables are measured at amortized cost using the effective interest rate method and tested for impairment at each reporting date. Where necessary, an impairment charge is recorded in income under “Provision for credit losses”.
39
annual_report
4900
754
At December 31, 2014, our general liability line of business had recorded reserves, net of reinsurance, of $1.1 billion, which represented 37% of our total net reserves. In 2014, this line experienced favorable development of $43.9 million, which was partially driven by lower severities in the 2010 through 2012 acciden...
76
10K
797
343
The primary ratios used to measure underwriting performance of the workers' compensation companies are the loss and loss adjustment expense ratio, the underwriting expense ratio, and the policyholder dividend ratio, which when added together constitute the combined ratio. These ratios are calculated as a percentage of ...
49
10K
4428
1,251
The data provided to CMS to determine the risk score is subject to audit by CMS even after the annual settlements occur. These audits may result in the refund of premiums to CMS previously received by us. While our experience to date has not resulted in a material refund, this refund could be significant in the future,...
72
10K
4600
1,797
During 2010, OBH repurchased and retired a portion of the 2003 Senior Notes for $165.4 million in a cash tender offer, including transaction fees.
24
10K
LloydsBankingGroupPLC-AR_2011
304
The banking industry has faced much criticism in recent years and we recognise that significant work is required to rebuild trust with customers and other stakeholders.The financial services sector does however have a fundamental role to play in society in supporting both individuals and businesses through the provisio...
96
annual_report
TrygAS-AR_2006
1,902
C o rp o ra te b ra n d in g organiSation chart dEcEMbEr 2006
16
annual_report
4533
1,019
Funds available for investment include cash flows from operations, investment income, and funds generated from bond swaps, maturities and redemptions. Aflac U.S. purchased debt security investments at an aggregate acquisition cost of approximately $1.5 billion in 2012 and 2011 and $1.9 billion in 2010. We did not purch...
88
10K
4781
1,452
The table below presents quantitative information about the significant unobservable inputs utilized by the Company in determining fair values for investments in corporate bonds and notes classified as Level 3 at December 31, 2012.
34
10K
PowszechnyZakladUbezpieczenSA-AR_2020
3,108
credit scoring – method for assessing the credibility of an entity (usually a natural person or a business) applying for a bank loan. The result of credit scoring is ordinarily presented in the form of a score – the higher the number of points, the greater the credibility of a prospective borrower.
52
annual_report