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2 values
AvivaPLC-AR_2009
2,772
Gross amount At 1 January 2008 2,273 110 1,005 709 4,097 Additions 4 — 60 — 64 Acquisition of subsidiaries 59 — 24 — 83 Disposals (4) (5) (79) — (88) Movement in shadow adjustment 327 — — — 327 Transfers (4) 67 (63) — — Transfers to goodwill and other assets — — — (31) (31) Foreign exchange rate movements 869 44 277 14...
66
annual_report
RaiffeisenBankInternationalAG-AR_2007
2,289
The change in the present value of Raiffeisen International’s banking book in the year ending 31 December 2006 is provided in thousands of euros, given a simultaneous one-basis-point increase in interest rates: Change of present value
36
annual_report
ScorSE-AR_2017
373
SCOR competes for business in the European, American, Asian and other international markets with numerous international and domestic reinsurance and insurance companies, some of which have a larger market share than its own, greater financial resources and, in certain cases, higher ratings from the rating agencies. Com...
112
annual_report
fr_axa-AR_2008
4,562
Liability adequacy test reserves – – – – – – –
11
annual_report
INGGroepNV-AR_2013
6,475
Additional Pillar 3 information continued 410 ING Group Annual Report 2013
11
annual_report
2674
851
Coding Services revenue - In April of 2002, Janice K. Neal joined UMC as Vice President of Coding Services, and the Company began providing coding and related services to various hospitals. Revenue from coding services of $183,000 during 2003 increased by $66,000 compared to 2002, due primarily to having a full year of...
62
10K
ScorSE-AR_2016
2,421
Other cash flow from financing activities (88) (8) 134 (9) -
11
annual_report
4945
780
Earned Premiums in the Life & Health Insurance segment decreased by $20.2 million for the year ended December 31, 2014, compared to 2013. Earned premiums on life insurance decreased by $5.1 million in 2014, compared to 2013, due primarily to a lower volume of insurance, as a decrease of $12.6 million from life insuranc...
397
10K
SwissLifeHoldingAG-AR_2019
2,932
Swiss Life – Annual Report 2019 28 Acquisitions and Disposals of Subsidiaries
12
annual_report
2379
2,141
The State Settlement Agreements require that the domestic tobacco industry make annual payments in the following amounts, subject to adjustment for several factors, including inflation, market share and industry volume: $8.4 billion through 2007 and $9.4 billion thereafter. In addition, the domestic tobacco industry is...
92
10K
fr_axa-AR_2015
6,549
Company (€-44 million) driven by change in fair value of debt hedging net investments in foreign operations.
17
annual_report
ASRNederlandNV-AR_2017
404
GNL is the group company of a number of entities, the main being Generali levensverzekering maatschappij N.V. and Generali schadeverzekering maatschappij N.V. GNL focuses on non-life and life insurance contracts in the Dutch market. Generali Nederland N.V. has been renamed to ASR Utrecht N.V.
44
annual_report
3998
3,064
Depreciation expense for the years ended December 31, 2009, 2008 and 2007 was $80.8 million, $84.6 million, and $94.4 million, respectively. Included in the depreciation expense for the years ended December 31, 2009, 2008 and 2007 was $25.4 million, $29.9 million, and $32.9 million, respectively, of amortization expens...
51
10K
Sampoplc-AR_2005
1,321
Currency options, bought and sold 234 4 3 543 2 2
11
annual_report
fr_axa-AR_2010
11,529
Authorization granted to the Board of Directors in the event of an issue of shares through public offering or private placement without preferential subscription rights, to set the issue price under the conditions defi ned by the General Shareholders Meeting, up to a maximum of 10% of the share capital
50
annual_report
5626
805
A summary of the carrying value and fair value by level of financial instruments not recorded at fair value on the Company's consolidated balance sheets at December 31, 2018 and 2017 is as follows:
34
10K
5889
245
The Company can provide no assurance that it can continue to satisfy its cash requirements for at least the next twelve months.
22
10K
2587
945
OneBeacon's pretax income for 2003 was $405 million, compared to pre-tax income of $200 million for 2002, and its GAAP combined ratio was 98% for 2003 compared to 107% for 2002. All of OneBeacon's ongoing businesses-specialty, personal and commercial lines-delivered combined ratios below 100% in 2003 and, in the second...
68
10K
AvivaPLC-AR_2020
4,905
Net increase in cash and cash equivalents 117 78 Cash and cash equivalents at 1 January 74 15 Exchange gains on cash and cash equivalents — (19)
27
annual_report
5214
1,463
As of December 31, 2016 and 2015 we held no assets or liabilities measured at fair value using Level 3 inputs.
21
10K
5294
945
Reconciliations of net income, net income per share, and ROE to operating income, operating income per share, and operating ROE, respectively, are provided in the tables below:
27
10K
5281
2,165
Consolidated Noncontrolling Interests AFG’s consolidated net earnings attributable to noncontrolling interests was $3 million for the fourth quarter of 2016 compared to $1 million for the fourth quarter of 2015.
30
10K
ch_zurich_insurance_group-AR_2013
1,155
Gross earned premiums in the Farmers Exchanges were broadly flat. The effect of rate and underwriting actions begun in 2012 to improve profitability is flowing through to gross earned premiums. Decreases in non-standard auto and business insurance lines of business were offset by increases in the specialty, home, and s...
54
annual_report
PosteItalianeSpA-AR_2015
886
The agreements have enabled the Group to offset the shortfalls against the number of disabled people employed in other provinces in excess of the relevant requirements.
26
annual_report
5044
847
Tables 6 and 7 present distributions, by line of business, of the provision for property and casualty unpaid loss and loss adjustment expenses gross and net of external reinsurance, respectively.
30
10K
RSAInsuranceGroupPLC-AR_2019
3,147
Performance share plan This plan is the Group’s current Long-Term Incentive Plan. Awards of Performance Shares to executive directors and other selected executives and senior managers are subject to performance conditions. These consist of the Group’s underlying return on tangible equity; relative total shareholder ret...
90
annual_report
2442
759
options, stock appreciation rights and other awards, or upon vesting of restricted or deferred stock awards. During 1995, the Company granted incentive stock options under both the 1995 Plan and the 1985 Plan. The options granted become exercisable 20% per year beginning one year from the date granted and were granted ...
79
10K
fr_axa-AR_2008
6,283
Pursuant to the provisions of Article L.225-68 of the French Commercial Code, it is specified that the conditions for the shareholders’ participation to general meetings are detailed in Section 23 of AXA’s bylaws, copies of which are available at the Paris Trade and Companies Register (Registre du Commerce et des Socié...
100
annual_report
ASRNederlandNV-AR_2011
1,191
Segment information has been prepared in accordance with the accounting principles used for the preparation of ASR’s consolidated financial statements (as described in chapter 2).
25
annual_report
4592
11,044
Underwriting income (loss) is calculated as premiums earned, less claims and claims expenses ("losses"), amortization of DAC, operating costs and expenses, and restructuring and related charges as determined using GAAP.
30
10K
4692
410
On November 20, 2013, the Consumer Financial Protection Bureau (“CFPB”), which enforces Real Estate Settlement Procedures Act (“RESPA”), the primary federal regulatory guidance covering the real estate settlement industry, released a final rule to integrate mortgage disclosures under the RESPA and the Truth in Lending ...
136
10K
5296
1,155
Pursuant to regulatory requirements, AIIC cannot pay dividends to the Company in excess of the greater of 10% of statutory surplus, or statutory net income, excluding realized investment gains, for the preceding 12-month period, without the prior approval of the Nebraska Director of Insurance. However, for purposes of ...
121
10K
3993
1,423
As of December 31, 2009 and 2008, the estimated fair value of unearned ESOP shares were $4,256 and $7,838, respectively.
20
10K
5187
1,246
At special shareholders' meetings held in December 2015, Cigna shareholders approved the merger and Anthem shareholders approved the issuance of shares of Anthem common stock in connection with the merger. Completing the merger remains subject to certain customary conditions, including the receipt of certain necessary ...
69
10K
NatixisSA-AR_2002
2,760
These efforts enabled CDC IXIS Capital Markets to maintain and, in certain cases, improve its positioning across the full spectrum of money-market instruments and government debt securities, while also enhancing profitability.
31
annual_report
AvivaPLC-AR_2002
106
†From continuing and discontinued operations. #Restated for the effect of Financial Reporting Standard 19 ‘’Deferred Tax’’.
16
annual_report
5265
2,185
The $1.9 billion of surplus notes represents an intercompany transaction that eliminates upon consolidation. Prudential Financial has agreed to reimburse amounts paid under credit-linked notes issued in this structure up to $1.0 billion.
33
10K
2767
952
Embedded Derivatives. We purchase and issue financial instruments and products that contain a derivative that is embedded in the financial instrument or product. We assess whether this embedded derivative is clearly and closely related to the asset or liability that serves as its host contract. If we deem that the embe...
104
10K
AvivaPLC-AR_2016
5,778
54 – Group capital management continued The Group manages capital in conjunction with solvency capital requirements, and seeks to; on a consistent basis: • Match the profile of our assets and liabilities, taking into account the risks inherent in each business; • Maintain sufficient, but not excessive, financial streng...
144
annual_report
StandardLifeAberdeenPLC-AR_2019
2,729
 Phoenix recognise charges on unit linked business based on expected investment returns, whereas wholly owned insurance entities use actual investment returns
22
annual_report
BaloiseHoldingLtd-AR_2006
2,303
Realized gains and losses, insurance Nonlife Life Total Nonlife Life Total
11
annual_report
2836
7,052
In 2003, the Company issued $43.8 million of 30-year floating rate junior subordinated debentures to three wholly-owned statutory trusts. The Company used all of the $41.2 million of net proceeds to pay down a portion of its then outstanding bank credit facility and for general corporate purposes. The junior subordinat...
112
10K
4224
838
Investments in equity securities as of December 31, 2010 and 2009 are summarized below (in millions).
16
10K
gb_prudential-AR_2008
2,964
Reconciliation of movement in investments A reconciliation of the total investments of asset management operations from the beginning of the year to the end of the year is as follows: Asset management operations
33
annual_report
NatwestGroupPLC-AR_2006
750
Average risk-weighted assets fell by 1%, reflecting a change in business mix toward mortgage lending as well as careful balance sheet management, including increased use of securitisations.
27
annual_report
CNPAssurancesSA-AR_2007
241
Average shareholder equity excl. AFS revaluation and subordinated debt 9021,178Recurring net profit 31/12/200631/12/2007 12.4%14.1%Accounting ROE
15
annual_report
PowszechnyZakladUbezpieczenSA-AR_2016
353
The liquidation of the Open Pension Funds is also to be accompanied by the introduction of a new, comprehensive system of non-compulsory II pillar employee pension programs in the enterprise sector – Employee Capital Plans where premiums will be contributed by both the employer and the employee, and the funds will be m...
55
annual_report
HelvetiaHoldingAG-AR_2013
500
Appointments at listed companies Member of the Board of Directors at Hügli Holding AG, Steinach.
15
annual_report
2400
1,449
(1) Premium revenue on a PMPM basis, for the year ended December 31, 2004, inclusive of minimum premium arrangements, for Total, Commercial managed care, Commercial managed care, excluding New York City and New York State PPO, and Other insurance products and services were $146.80, $143.21, $276.86 and $175.11, respect...
64
10K
NatixisSA-AR_2005
3,518
With effect from the date of this meeting, this authority cancels and replaces any similar authority previously granted, and in particular that granted by the sixth resolution of the annual general meeting held on May 19, 2005.
37
annual_report
Sampoplc-AR_2014
2,239
Financial asFinancial assets, grsets, group toup totalotal 19,00419,004 366366 356356 -62-62 135135
12
annual_report
AvivaPLC-AR_2010
675
Year ended 31 December 2009 Claims and benefits paid in 2009 were £27,549 million, a decrease of £1,804 million (2008: £29,353 million). The decrease in claims and benefits paid are a result of a fall in surrenders during the year and our Dutch healthcare business being sold as of 1 January 2009. Changes in insurance l...
230
annual_report
5203
1,730
As of December 31, 2016 (Successor Company), securities in an unrealized loss position that were rated as below investment grade represented 4.2% of the total fair value and 6.3% of the total unrealized loss. We have the ability and intent to hold these securities to maturity. After a review of each security and its ex...
67
10K
ScorSE-AR_2018
1,979
◆ setting-up, implementation or hedging of any stock option plans, other plans for allocation of shares and, generally, any form of allocation to employees and/or corporate officers (mandataires sociaux) of the Company and/or of affiliated companies, including hedging of any Company stock option plan pursuant to the pr...
231
annual_report
AegonNV-AR_2015
4,252
Subordinated borrowings include a liability of EUR 65 million (2014: EUR 54 million) relating to the USD 525 million non-cumulative subordinated notes issued on February 7, 2012. The liability component of the non-cumulative subordinated notes is related to the redemption amount. For further information on the non-cumu...
56
annual_report
5166
1,337
Included in our deferred tax net asset as of December 31, 2015 are assets of $68.8 million related to alternative minimum tax (“AMT”) credit carryforwards and $1.7 million related to foreign tax credit carryforwards. We may utilize these credits to offset future taxable income. The result of their utilization will be a...
132
10K
AvivaPLC-AR_2010
305
1 Oliver Wyman 2 Includes the 27 countries of the European Union and the countries of Russia and Turkey
19
annual_report
NatixisSA-AR_2018
8,483
Present value of minimum lease payments receivable 15 20 1 36 2,227 5,911 3,252 11,390
15
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2015
2,435
Munich Health Total €m 31.12.2015 Prev. year 31.12.2015 Prev. year Status at 31 Dec. previous year 396 484 8,373 7,994
20
annual_report
2547
710
Our estimate for reinsurance recoverables decreased in 2003 due to: (i) re-evaluating and lowering our estimate for gross unpaid claim and claim settlement expenses by $15.1 million; and (ii) payments and the related recoveries on prior year ceded claim and claim settlement expenses.
43
10K
1003
431
In 1992, certain executive officers of AMSG were awarded stock appreciation rights ("SARs") in AMSG. At the Spin off date, 67,500 AMSG SARs were converted into SARs of the Company to provide equivalent value.
34
10K
CNPAssurancesSA-AR_2009
4,155
VICTOR HUGO 147 Non-trading property company 4, Place Raoul-Dautry – 75015 Paris – France
14
annual_report
2335
669
FASB Financial Staff Position No. FAS - 106-1 Medicare Prescription Drug Improvement and Modernization Act of 2003.
17
10K
4408
1,972
During 2011, the Company completed its normal review of reserves (including assumptions) and recorded additional other benefit expenses of $70 million ($45 million after-tax) to strengthen GMDB reserves. The reserve strengthening was driven primarily by:
35
10K
SwissLifeHoldingAG-AR_2007
2,062
Total insurance liabilities and reinsurance assets 94 492 109 456 975 969 93 517 108 487 of which for the account and risk of the Swiss Life Group’s customers
29
annual_report
ScorSE-AR_2019
2,810
Life Goodwill arising from insurance activities 74345 45788 788743 1,4711,302Value of business acquired 1,471--1,302 1,575652 6502,227 2,141Share of retrocessionaires in insurance and investment contract liabilities 1,491 599Cash and cash equivalents (1) 576 1,175593 1,435842
34
annual_report
2844
1,523
A fixed maturity security is impaired if it is probable that the Company will not be able to collect all amounts due under the security’s contractual terms. Equity securities are impaired when it becomes apparent that the Company will not recover its cost over the expected holding period. Further, for securities expect...
82
10K
RSAInsuranceGroupPLC-AR_2011
562
• Reinsurance strategy and appetite recommended to the Board by the Board Risk Committee
14
annual_report
AvivaPLC-AR_2015
3,533
Outstanding at 1 January 17,241,534 313.21 20,069,848 286.18 Granted during the year 7,810,302 380.00 3,994,548 419.00 Exercised during the year (5,011,905) 275.90 (4,626,781) 282.30 Forfeited during the year (323,950) 341.43 (1,028,382) 277.24 Cancelled during the year (1,446,795) 401.38 (490,267) 298.10 Expired durin...
48
annual_report
3161
1,002
We have audited management’s assessment, included in the accompanying report from management, that The PMI Group, Inc. maintained effective internal control over financial reporting as of December 31, 2006, based on criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Orga...
107
10K
SwissLifeHoldingAG-AR_2003
901
Reinsurance contracts that do not transfer insurance risk are accounted for as financial reinsurance and included in reinsurance assets or liabilities. A deposit asset or liability is recognised based on the consideration paid or received, less any explicitly identified premiums or fees to be retained by the reinsured....
71
annual_report
NatixisSA-AR_2020
11,766
Philippe Hourdain whose co-option took place at the Board ofV Directors meeting of June 23, 2020, to replace Thierry Cahn, who resigned, for the remainder of his term of office, i.e. until the end of the General Shareholders’ Meeting called in 2022 to approve the financial statements for the year ended December 31, 202...
54
annual_report
HelvetiaHoldingAG-AR_2014
2,883
Defined benefit obligation as of 31 December 3 269.2 1 822.6
11
annual_report
4688
1,142
For the year ended December 31, 2011, the increase in ceded reserves of $17.6 million was primarily related to the retrocession of multi-line frequency casualty contracts, which experienced adverse loss development during 2011. To a lesser extent, the increase in ceded reserves was a result of new retroceded quota shar...
61
10K
SwissReAG-AR_1992
163
In Europe, the losses in Motor damage insurance (theft, hail) have maintained a distinctly high level. However, pre­ mium adjustments in Motor insurance - an unavoidable measure from the reinsurer's viewpoint - are being intro­ duced only very reluctantly because of their political implications, and are additionally de...
72
annual_report
AegonNV-AR_2017
3,884
Net (impairments) and recoveries Net impairments for the twelve months ended December 31, 2017, totalled EUR 0 million (twelve months ended December 31, 2016: EUR 11 million net recoveries).
29
annual_report
fr_axa-AR_2016
2,632
Mr. Thomas Buberl holds a Master of Economics degree from WHU
11
annual_report
INGGroepNV-AR_2008
364
Operating expenses increased by 3.0% to EUR 2,340 million, or 10.5% excluding currency effects. Operating expenses in the US increased 10.1% excluding currency impact due to the acquisition of CitiStreet, and were partly offset by lower personnel-related expenses. Excluding CitiStreet and the currency impact, operating...
129
annual_report
5406
1,564
At December 31, 2017 and 2016, we had total shareholders' equity of $11.5 billion and $13.0 billion, respectively. In addition to common share capital, we depend on external sources of financing to support our underwriting activities in the form of:
40
10K
4940
778
In June 2014, the FASB issued updated guidance to resolve diversity in practice concerning employee shared-based payments that contain performance targets that could be achieved after the requisite service period. The updated guidance requires that a performance target that affects vesting and that can be achieved afte...
201
10K
5520
525
As discussed in Note 7 to our consolidated financial statements included in Item 8, we have periodically taken advantage of opportunities to repurchase our outstanding Class A common stock through Class A common stock repurchase programs approved by our Board of Directors. There was $40.9 million remaining for repurcha...
152
10K
ScorSE-AR_2013
1,997
Chief Executive Officer:  will receive a fixed gross annual sum of EUR 1,200,000, payable in twelve monthly installments; and
20
annual_report
gb_prudential-AR_2005
645
The UK long-term business component of short-term fluctuations in investment returns of £995 million primarily reflects the difference between an actual investment return for the with-profits life fund of 20 per cent and the long-term assumed return of seven per cent.
41
annual_report
2724
708
The assumptions used in the Black-Scholes option pricing valuation model for options granted by MMC in 2005, 2004 and 2003 are as follows:
23
10K
4989
1,813
Impairments of fixed maturity and equity securities were $96 million, $192 million and $351 million for the years ended December 31, 2014, 2013 and 2012, respectively. Impairments of fixed maturity securities were $60 million, $166 million and $317 million for the years ended December 31, 2014, 2013 and 2012, respectiv...
73
10K
4126
1,692
At December 31, 2009 and 2008, the Company held residential collateralized mortgage obligations (CMOs) classified as available for sale with a fair value of $2.58 billion and $2.84 billion, respectively (in addition to the CMBS securities of $714 million and $766 million, respectively, described above). Approximately 3...
135
10K
5892
609
National’s largest exposure to Puerto Rico, by gross par outstanding, is to PREPA.
13
10K
2239
934
In our opinion, the consolidated financial statements listed in the accompanying index on page 49 of this Annual Report on Form 10-K present fairly, in all material respects, the financial position of Protective Life Corporation and its subsidiaries at December 31, 2003 and 2002, and the results of their operations and...
249
10K
4335
720
In order to further validate the fair values determined using the income and market approach for each of our reporting units, we compare the aggregate fair value of our reporting units to our market capitalization. The objective of this comparison is to determine whether the quoted market price is indicative of the fai...
89
10K
5429
1,490
The following table sets forth information regarding our contractual obligations as of December 31, 2017.
15
10K
Sampoplc-AR_2017
2,299
i. It is assumed that a company is not taking on any excess market risk nor writing any new business. Then all expected future cash flows of insurance activities match exactly with risk free asset cash flows in same currencies as insurance related cash flows.
45
annual_report
de_allianz-AR_2004
1,955
German Commercial Code (HGB). By its reference to the creation of future commercial benefit for the company without any prerequisite of an acquisition against payment, items such as software developed in-house also must be reported in the accounts under IFRS as assets.
42
annual_report
4098
2,898
The Company recognizes the rights to service residential mortgage loans as MSRs. MSRs are either acquired or are generated from the sale of originated residential mortgage loans where the servicing rights are retained by the Company. MSRs are carried at estimated fair value and changes in estimated fair value, primaril...
100
10K
5169
1,080
While the reserving process is difficult for the insurance business, the inherent uncertainties of estimating loss reserves are even greater for the reinsurance business, due primarily to the longer-term nature of much of the reinsurance business, the diversity of development patterns among different types of reinsuran...
156
10K
3359
1,826
Long-tail business describes lines of business for which specific losses may not be known for some period and claims can take significant time to emerge. This includes most casualty lines such as general liability, directors and officers’ liability (D&O) and workers’ compensation. There are many factors contributing to...
58
10K
1888
483
The Company is subject to various market risks. However, the most significant such risks relate to fluctuations in prices of equity securities and interest rates. Although the Company experienced negative total returns on its equity portfolio during the past three years, historically these returns have been very favora...
150
10K
RSAInsuranceGroupPLC-AR_2010
445
Marine where we see opportunities for profitable growth and SME, a segment in which we are underweight.
17
annual_report
Sampoplc-AR_2011
156
Personnel turnover ended at a level of 8.5 per cent on annual basis excluding Russia. This is slightly lower compared to 2010 (9.1) and is the result of focused efforts to create a positive and stimulating work climate in If P&C. Number of employees has been relatively stable, with the only exception being the reductio...
69
annual_report
1650
588
In connection with our acquisitions of BCBS-ME and BCBS-NH, further limitations were imposed on their ability to pay dividends. Until June 2005, BCBS-ME may not declare any dividend without the prior approval of the Department of Insurance of Maine. BCBS-NH could not pay any dividends for as long as it continued to use...
196
10K
5385
1,018
The following table summarizes information on the location and the gross amount of the derivatives’ fair value on the consolidated balance sheets as of December 31, 2017 and 2016:
29
10K