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fr_axa-AR_2011
5,817
June 16, 2011, addresses the presentation of changes in assets and liabilities arising from defi ned benefi t plans, including requiring remeasurements to be presented in other comprehensive income. The amendment also eliminates the corridor method deferral of recognition of gains and losses, which is not applied by th...
84
annual_report
5886
248
Global regulators have indicated that publication of LIBOR may cease after 2021. On November 30, 2020, the administrator for LIBOR announced that it planned to cease publication of one week and two-month USD LIBOR settings at the end of December 2021 but to extend publication of the remaining USD LIBOR settings (overni...
103
10K
HiscoxLtd-AR_2001
654
*Hiscox Insurance Company (Guernsey) Limited has subscribed cellular share capital of $250,000 in a cell in Harlequin Insurance PCC Limited, a protected cell company incorporated in Guernsey under the Protected Cell Companies Ordinance, 1997 (as amended). This cell, Cell Hiscox, incurred a loss for the year of US$1,020...
68
annual_report
StandardLifeAberdeenPLC-AR_2020
141
For our people • Performance-driven culture where we listen to, and act on, our people’s views • Technology to develop talent and improve collaboration
24
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2017
2,165
− We assessed the level of reserves at the reporting date with that in previous years. We assessed the appropriateness of any adjustments made to expected values determined using actuarial methods by inspecting and critically assessing the documentation of the underlying calculations or qualitative grounds. We also spo...
52
annual_report
SwissReAG-AR_2004
970
Net realised investment gains/losses 1 281 2 509 3 588 4 275 2 665 –730 376 1 116
18
annual_report
3392
955
One of our primary financial goals is to increase the long-term value in fully diluted book value per share. During the year ended December 31, 2007, fully diluted book value increased by $2.30 per share or 16.1% to $16.57. This increase includes the increase associated with our initial public offering in May 2007.
53
10K
Sampoplc-AR_2001
2,244
The Board of Directors confirms i.a the business strategy and the long-term
12
annual_report
2365
831
Translation of Foreign Currencies. Financial statements of subsidiaries expressed in foreign currencies are translated into U.S. dollars in accordance with SFAS No. 52 Foreign Currency Translation issued by the FASB. Under SFAS 52, functional currency assets and liabilities are translated into U.S. dollars using period...
111
10K
4497
1,163
Net loss decreased $265 million in 2011 as compared with 2010, primarily driven by the loss of $328 million (after tax and noncontrolling interests) as a result of the Loss Portfolio Transfer consummated in the third quarter of 2010. As a result of that transaction, the investment income allocated to the Other Insuranc...
103
10K
1077
172
We have audited the consolidated financial statements of Annuity and Life Re (Holdings), Ltd. and subsidiary as listed in the accompanying index. In connection with our audits of the consolidated financial statements, we have also audited the financial statement schedule listed in the accompanying index. These consolid...
80
10K
StandardLifeAberdeenPLC-AR_2019
2,429
Financial liabilities – excluding those backing unit linked liabilities Designated at FVTPL (IAS 39) Third party interest in consolidated funds (26) – – (26) Other financial liabilities (29) – – (29) Held for trading (IAS 39) Derivative financial liabilities (4) – – (4) Designated at FVTPL (IFRS 9) (59) At amortised co...
73
annual_report
StorebrandASA-AR_2016
707
STATEMENT IN ACCORDANCE WITH THE NORWEGIAN CODE OF PRACTICE FOR CORPORATE GOVERNANCE
12
annual_report
5666
2,373
Performance-Based RSUs. In 2019, 2018 and 2017, executive and non-executive officers were granted performance-based RSUs to be settled in common stock with target awards totaling 486,540, 595,320, and 456,510 RSUs, respectively. The maximum payout at the end of the three-year performance period is 200% of a grantee’s t...
99
10K
5218
1,326
Our estimates of life, annuity and disability policyholder obligations reflect future estimated cash payments to be made to policyholders for future policy benefits, policyholders’ account balances and separate account liabilities. These estimates include death and disability income claims, policy surrenders, policy ma...
64
10K
4646
1,568
Covered employees are first eligible for the health and life postretirement benefits when they reach age 57 and have completed ten years of service with us. Retiree long-term care benefits are provided for employees whose retirement was effective prior to July 1, 2000. Our policy is to fund the cost of providing retire...
72
10K
5106
1,445
The increase in losses and LAE resulted in an increase in our calendar year loss ratio from 55.6% for the year ended December 31, 2013 to 68.6% for the year ended December 31, 2014. The ACIC personal automobile business contributed four percentage points to the increased loss ratio in 2014. This business is now in run-...
90
10K
AssicurazioniGeneraliSpA-AR_2014
4,713
1. Activities of the Board of Auditors during the year ended on 31 december 2014 (item 10 of Consob Statement no. 1025564/01)
22
annual_report
ASRNederlandNV-AR_2012
223
Reaching 90 percentage points, the sensitivity of solvency (exclusive of UFR) to the stress scenarios used by a.s.r. increased compared to 2011 (51 percentage points). The sensitivity to fl uctuations in share prices grew, due to higher exposures to equities as a result of purchases and price increases. Although some f...
135
annual_report
fr_axa-AR_2000
2,475
Except as otherwise provided in the preceding paragraph, AXA and the depositary will not make available to ADR holders any right to subscribe for, to receive dividends in the form of, or to purchase any securities unless a registration statement under the Securities Act is in effect or unless the offering and sale of s...
57
annual_report
NatixisSA-AR_2012
5,321
The sovereign debt securities of these countries classifi ed in the “Available-for-sale assets” or “Financial assets at fair value through profi t or loss” categories were recorded at their market price at December 31, 2012.
35
annual_report
2490
4,312
Market Value Change from Base (%) (99.6 )% (42.2 )% 0.0 % 30.6 % 52.5 %
16
10K
BeazleyPLC-AR_2018
560
In pursuit of greater efficiency and consistency of operational service, we have centralised operations support or outsourced it where this brings further value. We want to make sure that operations and processing are done by appropriately skilled people, at the most cost effective location, whilst providing the best s...
104
annual_report
3433
520
General and administrative expenses were adversely impacted by significant charges in both 2006 and 2005. In 2006 we incurred $96 million of expenditure on strategic initiatives, as discussed above, and in 2005 we incurred significant first quarter charges relating to: the first quarter 2005 headcount reduction program...
66
10K
TrygAS-AR_2003
763
Exchange rate DKK/PLN, average of the year 169.49 194.16 204.69 185.59
11
annual_report
5665
1,389
For our mortgage insurance portfolio, our average annual payout of losses as of December 31, 2019 is as follows:
19
10K
NNGroupNV-AR_2020
917
EUR 4.7 million donations to charitable organisations 2,603 households reached by From Debt to Opportunities Foundation 7,991 employee volunteering hours in NN Future Matters focus areas
26
annual_report
SwissLifeHoldingAG-AR_2018
3,162
CS Stella (LUX) S.à r.l., Luxembourg CH until 04.07.2017 – –
11
annual_report
320
254
The reinsurance market experienced significant consolidation in 1996. Despite the reduction in the number of large reinsurance companies, the cost of reinsurance coverage has been decreasing. This may be attributable in part to the relatively improved underwriting experience over the last two years, the expanded Bermud...
54
10K
3698
1,211
Losses and LAE incurred related to the current year decreased approximately 13 percent and 15 percent in 2008 and 2007, respectively. As noted in our discussion of results of operations below, our net premiums earned declined 13 percent in 2008 and 12 percent in 2007. Our loss ratio (defined as the ratio of net losses ...
116
10K
ch_zurich_insurance_group-AR_2009
1,701
Mortgage and asset-backed securities 22,787 24,412 556 310 (1,053) (2,692) 22,290 22,030 Redeemable 1 Net of impairments (see table 6.2).
20
annual_report
4503
1,229
We also receive record-keeping fees monthly from mutual fund accounts on our servicing platform and in turn pay a third-party provider for its servicing of certain of these accounts.
29
10K
LloydsBankingGroupPLC-AR_2018
3,463
Monitoring and testing of customer outcomes to ensure the Group delivers fair outcomes for customers whilst making continuous improvements to products, services and processes.
24
annual_report
fr_axa-AR_2004
1,093
12. Trend information 12.1. Most significant trends since the end of the last financial year p. 5-11 12.2. Known trends for the current financial year p. 189 p. 12 13. Profits forecasts or estimates N/A N/A
36
annual_report
fr_axa-AR_2010
5,469
foreign exchange exposure and debt; ■ Liquidity risk. Please read “Liquidity position and risk management framework” included in Part 1 – Section 1.4 –
24
annual_report
5898
749
The application of our invested assets impairment policy resulted in write-downs of impaired securities intended to be sold that reduced our income before income taxes by $78 million in 2020, and other-than-temporary impairment (OTTI) charges of $9 million in 2019 and $5 million in 2018. Write-downs and OTTI losses rep...
92
10K
NatwestGroupPLC-AR_2014
1,760
• The policy on the recruitment of new directors aims to structure pay in line with the framework and quantum applicable to current directors, taking into account that some variation may be necessary to secure the preferred candidate.
38
annual_report
CNPAssurancesSA-AR_2008
290
There are nevertheless some areas of uncertainty: • Exchange rates: a hedging strategy has been implemented to protect profits
19
annual_report
NatixisSA-AR_2012
5,932
BANQUE PRIVEE 1818 Credit institution FC 100 100 100 100 France
11
annual_report
nl_ing_grp-AR_2013
935
This expansion will be also driven by successful products. More than 71% of its funds have outperformed their respective benchmarks on a three-year asset-weighted basis as at 31 December 2013. 43% of Investment Management’s investment funds had a four- or five-star Morningstar rating, which was above the industry avera...
49
annual_report
4303
1,230
Represents net premiums earned less loss and LAE and commission, brokerage and other underwriting expenses, all as determined in accordance with GAAP, does not include net investment income, net realized capital gains, other-than-temporary impairment losses, other income or other expenses. Commissions, brokerage and ot...
72
10K
4827
963
Deferred Acquisition Costs: Certain costs of acquiring new insurance business are deferred and recorded as an asset. These costs are essential for the acquisition of new insurance business and are directly related to the successful issuance of an insurance contract including sales commissions, policy issue costs, and u...
376
10K
RSAInsuranceGroupPLC-AR_2014
1,976
Net claims � ������� ������� 4MCDQVQHSHMF�@MC�ONKHBX�@BPTHRHSHNM�BNRSR ������� ������� 4MVHMC�NE�CHRBNTMS ����� ����� .SGDQ�NODQ@SHMF�DWODMRDR � (425) ����� 3NS@K�DWODMRDR ������� ������� %HM@MBD�BNRSR � (123) ����� Gains on disposals of businesses �C ��� – -DS�RG@QD�NE�KNRR�@ESDQ�S@W�NE�@RRNBH@SDR �� (5) ��� /QNëS��KN...
75
annual_report
5006
889
American National reinsures portions of certain life insurance policies to provide a greater diversification of risk and manage exposure on larger risks. For the issue ages zero to 65, the maximum amount that would be retained by one life insurance company (American National) would be $1,500,000 individual life, $250,0...
148
10K
StandardLifeAberdeenPLC-AR_2016
542
Schroders UK Platform Awards 2016  Elevate awarded Best Platform Provider with AUM up to £15bn,
16
annual_report
AegonNV-AR_2006
903
In general the approach adopted within AEGON UK is to limit morbidity and mortality risk through widespread use of reinsurance.
20
annual_report
5755
934
Sirius Group ended 2019 with Adjusted book value per share of $14.57, which assumes that the Series B preference shares will convert into common shares on a one-for-one basis, and also incorporates the impact of dilution arising from share-based compensation programs, compared to $15.24 as of December 31, 2018, a decre...
81
10K
2853
1,251
inflation are also considered in pricing and in estimating reserves for unpaid claims and claim expenses. The actual effects of this post-event inflation on our results cannot be accurately known until claims are ultimately settled.
35
10K
5477
677
(4) Provision for policyholders’ dividends - The provision for policyholders’ dividends payable represents the liabilities related to dividends payable in the following year on participating policies. As such, the obligations related to these liabilities are
35
10K
SwissReAG-AR_1956
46
The General Meeting of last year confirmed the re-election of Mr. C. J. Ahegg and Mr. Paul Ruegger for a further period as Members of the Board of Directors. Moreover, Mr. Paul Keller was elected as a new Member of the Board.
42
annual_report
RSAInsuranceGroupPLC-AR_2020
965
· Across each region we continue to invest in strengthening the pipeline of female employees for senior leadership positions and have developed a framework of initiatives designed to help retain, develop and promote female employees and improve diversity and inclusion more broadly, including targets for senior manageme...
51
annual_report
gb_prudential-AR_2008
2,787
D4: Asian insurance operations continued b Deferral and amortisation of acquisition costs Under IFRS, the basis of accounting for insurance assets and liabilities reflects ‘grandfathered’ GAAP under the Modified Statutory Basis. In general, this requires the deferral and amortisation of acquisition costs in line with t...
110
annual_report
3459
1,384
We record our expenses related to employee and director stock options, RSUs, BVAs and IAs in three separate line items on our statement of earnings - losses and loss adjustment expenses, policy acquisition costs and net investment income. Agent options are recorded in two separate lines, losses and LAE and policy acqui...
73
10K
TrygAS-AR_2011
514
Transport insurance Transport insurance represents 2% of total premium income and covers damage to goods in transit due to collision, capsizing or crash of the means of transport.
28
annual_report
468
499
As a result of the Merger, the former shareholders of Physicians own approximately 80% of the outstanding common stock of the Company and control the Board of Directors of the Company. Accordingly, for accounting purposes, the merger has been treated as a recapitalization of Physicians with Physicians as the acquirer (...
166
10K
3498
1,254
In November 2006, Fund American established a $75 million revolving credit facility that matures in November 2011. As of December 31, 2007, the Bank Facility was undrawn. The Bank Facility contains various affirmative, negative and financial covenants which we consider to be customary for such borrowings and include ma...
127
10K
RaiffeisenBankInternationalAG-AR_2020
5,076
2020 in € thousand Central Europe Southeastern Europe Eastern Europe Group Corporates & Markets
14
annual_report
5638
1,255
Consolidated operating expenses for the year were $554.7 million and the operating expense ratio was 18.8%.
16
10K
1504
274
Commission Advances Prior to January 1997 the Company advanced commissions at the time of sale of all new Memberships. In January 1997, the Company implemented a policy whereby the associate receives only earned commissions on the first three sales unless the associate has successfully completed the Fast Start training...
184
10K
AvivaPLC-AR_2003
1,700
Life achieved operating profit is calculated on an after-tax basis and then grossed up at the full rate of corporation tax for UK business and at appropriate rates of tax for other countries.
33
annual_report
ASRNederlandNV-AR_2014
55
With a view to strengthening our balance sheet and capital position even more, we issued a hybrid bond loan of € 500 million in 2014. a.s.r. now not only amply meets the solvency II requirements, but this loan has also helped to optimize our capital structure and created the conditions for reducing our interest expense...
74
annual_report
fr_axa-AR_2003
1,771
– The "With-Profit" policies sold in the United Kingdom are managed with a significant surplus of free assets, used to smooth performance over the duration of such policies while at the same time reflecting financial market performance in payments to policyholders.
41
annual_report
RSAInsuranceGroupPLC-AR_2012
276
We are seeing positive results in our customer surveys as well as improved retention rates.
15
annual_report
fr_axa-AR_2002
942
Loss reserve development table: AXA Corporate Solutions Reinsurance At December 31,
11
annual_report
HelvetiaHoldingAG-AR_2014
2,118
Insurance contracts as defined by IFRS comprise all products containing a significant technical risk. The significance is assessed at product level.
21
annual_report
DirectLineInsuranceGroupPLC-AR_2018
498
The Group’s prior-year reserve releases were £404.4 million (2017: £435.4 million) with good experience in large bodily injury claims being a key contributor.
23
annual_report
3197
699
GAFRI owns a building in Austin, Texas totaling approximately 40,000 square feet which is used by UTA for its own operations.
21
10K
2602
567
Affirmative Insurance Company, a wholly-owned subsidiary of Affirmative, is a party to a 100% quota share reinsurance agreement with Hawaiian and is sharing in the defense of this matter. Hawaiian is ultimately a wholly-owned subsidiary of Vesta Insurance Group, Inc. which is a 42.9% stockholder of Affirmative. The oth...
68
10K
3883
3,536
focus its growth efforts in the environmental contractor surety market due to the lack of capacity serving this segment of the market. During 2007 we entered into an agreement with a small specialty carrier to provide contract surety to small non-environmental contractors that do not fit the standard surety market.
50
10K
RSAInsuranceGroupPLC-AR_2014
908
Ensure Non-Executive Directors are aware of the work of the Board Committees, with overlap of membership and participation as members on several Committees. It was encouraged that new Non-Executive Directors, as part of their induction should attend each Board Committee at least once during their induction.
46
annual_report
2041
505
(e) Certain prior year amounts have been reclassified to conform with the current year’s presentation, including approximately $0.8 million of reinsurance program reimbursements that were previously classified equally as operating revenue and healthcare operating expense in Fiscal 2001 (see Note 4 - “Major Contracts/Cu...
58
10K
ch_zurich_insurance_group-AR_2012
3,273
d) Value of business in-force The value of business in-force is the present value of future projected profits, distributable after tax to shareholders from the covered business. It is defined as the certainty equivalent value of business in-force less frictional costs, the time value of financial options and guarantees...
61
annual_report
StandardLifeAberdeenPLC-AR_2008
1,508
The Group is subject to insurance solvency regulations in all the territories in which it issues insurance and investment contracts, and it has complied with all of the local solvency and other regulations. Therefore, there are no contingencies in respect of these regulations.
43
annual_report
3575
2,852
until the agreed upon contract terms expire. As of December 31, 2007 and 2006, CNA has recorded $27 million and $28 million of liabilities related to these indemnification agreements.
29
10K
926
289
As of December 31, 1998, mortgage loans on real estate and investments in real estate represented 11.5% and 1.3% of the total investment portfolio. As of December 31, 1998, the underlying properties supporting the mortgage loans on real estate consisted of 25.4% in commercial office buildings, 33.5% in retail stores, 1...
84
10K
NatixisSA-AR_2006
6,318
Property, plant & equipment and intangible assets used in the business 347 (172) 175 286 (165) 121 272 (161) 111
20
annual_report
242
220
Deferred tax assets are recognized for deductible temporary differences that, in management's opinion, are more likely than not to be realized in the current or future periods. The Company's history of operating revenue and income growth, and expectation of future operating income, provides strong positive evidence tha...
107
10K
4783
1,070
In January 2011, we merged FNIC and our other wholly owned insurance subsidiary, American Vehicle Insurance Company (“American Vehicle”), with FNIC continuing the operations of both entities. In connection with this merger, the Company, FNIC and American Vehicle entered into a Consent Order with the Florida Office of I...
97
10K
de_allianz-AR_2011
23
Total revenues | ▶ page 89 net income | ▶ page 91
12
annual_report
3686
623
revenue at the mortgage origination dependent businesses attributable to declining mortgage origination volumes. Also negatively impacting the revenues at the tax service business in both 2008 and 2007 were net increases in the required deferred revenue adjustment totaling $1.3 million in 2008 and $1.9 million in 2007 ...
59
10K
NatwestGroupPLC-AR_2007
2,295
The Audit Committee also fixes the remuneration of the external auditors as authorised by shareholders at the Annual
18
annual_report
4259
10,652
Absent any contract provision wherein the Company guarantees either a minimum return or account value upon death, a specified contract anniversary date, partial withdrawal or annuitization, variable annuity and variable life insurance contractholders bear the investment risk that the separate accounts' funds may not me...
93
10K
fr_axa-AR_2007
6,451
C E R TA I N A D D I T I O N A L I N F O R M AT I O NPART VI
27
annual_report
5550
959
accounts. Subject to the receipt of commitments, the Secured Facility may be increased by up to an aggregate of $350.0 million, and the Unsecured Facility may be increased to an amount not to exceed $750.0 million. Arch Capital has a one-time option to convert any or all outstanding revolving loans of Arch Capital and/...
137
10K
PhoenixGroupHoldingsPLC-AR_2013
1,047
− Executive Directors are expected to retain all shares (net of tax) which vest under the DBSS and under the LTIP (or any other discretionary long-term incentive arrangement introduced in the future) until such time as they hold a specified value of shares
43
annual_report
GjensidigeForsikringASA-AR_2019
972
Bonds recognised at amortised cost amounted to NOK 14.9 billion (15.7). Unrealised excess value amounted to NOK 0.5 billion (0.8) at the end of the period. The reinvestment rate for new investments in the portfolio of bonds held at amortised cost was approximately 3.0 per cent on average in the fourth quarter, while th...
98
annual_report
fr_axa-AR_2001
2,383
Each Committee issues opinions, proposals and recommendations and is empowered to undertake or cause to be undertaken such reviews as it deems necessary to clarify Supervisory Board proceedings. Each
29
annual_report
5261
895
Government debt securities of $4 million and $5 million at December 31, 2016 and 2015, respectively, were on deposit with various states as required by law.
26
10K
2127
9,118
In the normal course of business, GAFRI's insurance subsidiaries cede reinsurance to other companies under various coinsurance agreements to diversify risk and limit maximum exposure.
25
10K
RSAInsuranceGroupPLC-AR_2013
999
• Selection and recommendation regarding the appointment of the external auditor
11
annual_report
4171
1,484
The following table summarizes the net prior year favorable development of loss reserves for each of the Company’s Non-life sub-segments for the years ended December 31, 2010, 2009 and 2008 (in thousands of U.S. dollars):
35
10K
ScorSE-AR_2010
1,863
The Board of Directors, at its meeting of 24 May 2007, in accordance with articles L. 225-38 and L. 225-42-1 of the French Commercial Code, and at the recommendation of the Compensation and Nomination Committee, renewed commitments for the benefit of the Chairman and Chief Executive Officer as defined by the Board on 2...
134
annual_report
5722
745
Product sales. The increase in investment and savings product sales in 2019 from 2018 was driven by strong demand for our variable annuity and mutual fund products due to robust equity market performance in 2019.
35
10K
5766
1,354
The Company has assets, primarily fixed maturity securities, on deposit with governmental authorities relating to certain policyholder liabilities, of which $69 million and $55 million of the assets on deposit balance represents restricted cash at December 31, 2019 and 2018, respectively.
41
10K
ScorSE-AR_2008
1,756
The Director concerned by this agreement are Denis Kessler and Patrick Thourot.
12
annual_report
2149
837
FOR THE YEARS ENDED DECEMBER 31, 2003, 2003 AND 2001 (Continued)
11
10K
SwissReAG-AR_2020
4,632
The Company has entered into subordinated funding facilities with its subsidiary Swiss Reinsurance Company Ltd under which Swiss Reinsurance Company Ltd has the right, among others, to issue subordinated notes to the Company at any time. For its various rights, Swiss Reinsurance Company Ltd owes the Company an uncondit...
90
annual_report
4356
1,465
The losses and loss expenses and loss ratio reported in 2011 reflected:
12
10K
5377
1,576
As of the date of the acquisition of Starmount in 2016, we recorded a net operating loss carryforward of $2.5 million and an alternative minimum tax credit carryforward of $0.6 million. There was no net operating loss carryforward remaining as of December 31, 2017 and there was $1.3 million remaining at December 31, 20...
133
10K
BaloiseHoldingLtd-AR_2002
469
Mortgage loans CHF 3,964,296 * see “Change of control and countermeasures” below
12
annual_report