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452
(a) During 1996, 1995 and 1994, gross gains of $5,904,000, $11,570,000 and $5,601,000, respectively, and gross losses of $4,054,000, $3,751,000 and $8,177,000, respectively, were realized.
25
10K
NatwestGroupPLC-AR_2012
5,063
The levy was charged at a rate of 0.088 per cent for 2012. Three different rates applied during 2011, these average to 0.075 per cent. The cost of the levy to the Group for 2012 is £175 million (2011 - £300 million) (included in Other administrative expenses). As the Group continues to target a reduction in wholesale f...
77
annual_report
936
803
Diversified Savings and Profit Sharing Restoration Plan. Effective January 1, 1997, TIG Holdings adopted the TIG Holdings, Inc. Diversified Savings Restoration Plan and combined it with the existing Profit Sharing Restoration Plan. The TIG Holdings, Inc. Diversified Savings and Profit Sharing Restoration Plan (the "DS&...
260
10K
HiscoxLtd-AR_2017
290
Hiscox Retail Hiscox Retail accounts for 56% (2016: 49%) of the Group’s gross premiums written at £1,423.9 million (2016: £1,181.4 million). Gross premiums written for Hiscox UK & Ireland were up a healthy 11.6% at £556.3 million (2016: £498.6 million). Hiscox Europe’s gross premiums written also grew, up 22.1% to £213...
118
annual_report
de_allianz-AR_2018
1,133
− Ambition: 75 % of Allianz Group business segments of our entities score above market or in a loyalty leader position in 2019 (75 % in
26
annual_report
fr_axa-AR_2019
5,537
Other intangible assets include soft ware developed for internal use for which direct costs are capitalized and amortized on a straight-line basis over the assets’ estimated useful lives.
28
annual_report
AegonNV-AR_2013
1,411
Aegon-CNOOC began e-sales in early 2013. Digital sales and service platforms allow Aegon-CNOOC to interact with its customers directly, and offer the convenience of around-theclock service from any location. As of November 30, 2013, about 35 life insurance companies had launched an e-sales channel.
44
annual_report
2846
1,188
The Company and its subsidiaries are party to various lease agreements. As of December 31, 2005, future minimum rental payments under the terms of these operating leases for office space are $2.7 million for each of the years 2006, 2007 and 2008, $1.2 million in 2009, $0.2 million in 2010 and none thereafter. These pay...
89
10K
PhoenixGroupHoldingsPLC-AR_2020
3,922
n. On 22 July 2020, as part of the acquisition of ReAssure Group plc, the Group assumed the £250 million 4.016% Tier 3 subordinated notes. On the same date, the Company was substituted in place of ReAssure Group plc as issuer of the notes. The £250 million 4.016% Tier 3 subordinated notes have a maturity date of 13 Jun...
103
annual_report
SwissReAG-AR_2020
1,647
Swiss Re’s risk tolerance describes the extent to which the Group and SRZ Boards have authorised executive management to assume risk. It represents the amount of risk that Swiss Re is willing to accept within the constraints imposed by its capital and liquidity resources, its strategy, and the regulatory and rating age...
57
annual_report
3180
568
Loan Quality For the year ended December 31, 2006 and 2005, $525,000 and $13,000, respectively, in credit losses occurred on loans in our portfolio. Of these credit losses, for the year ended December 31, 2006, $168,000 were associated with on-balance sheet loans, $357,000 associated with off-balance sheet loans which ...
146
10K
4698
1,654
Limited partnerships/corporations: The fair value for these investments, primarily private equity fund of funds and hedge funds, is based on actual or estimated Net Asset Value (“NAV”) information, as provided by the investee and are classified as Level 3.
39
10K
5690
1,994
Key equity index levels increased in 2019 and decreased in 2018, contributing to an unfavorable change in our freestanding derivatives and a favorable change in our embedded derivatives. For example, the S&P 500 Index increased 29% in 2019 and decreased 6% in 2018.
43
10K
4691
589
On July 1, 2014 the Company issued 2,105,485 Common shares representing the additional 2% stock dividend for the quarter ending June 30, 2014 to the holders of Series A and B Preferred shares that had requested to be redeemed upon maturity (see Note J).
44
10K
AvivaPLC-AR_2011
4,893
Guaranteed annuities A policy that pays out a fixed regular amount of benefit for a defined period.
17
annual_report
SwissLifeHoldingAG-AR_2018
999
Swiss Life is committed to the militia principle in Switzerland and supports its employees in the performance of public and political mandates. Swiss Life holds regular events for employees in Switzerland with public or political mandates. During the reporting year, Swiss Life organised for the third time an event know...
79
annual_report
SwissReAG-AR_1986
62
Main lines: Accident/Liabiiity, Motor, Fire, Ha//, Burgiary Executive Manager H.-K. Zulauf Managers M. Bradley, F Eugster, B. NIgg, R. Schilling, A. Schneeberger, J. Spühler, P Szöilösy*, H. Volienweider
28
annual_report
INGGroepNV-AR_2012
582
The Bank also received an ESR (Entreprise Socialement Responsable) accreditation for being a socially responsible company from the National Institute for Sustainable Development and Corporate Social Responsibility. It is now one of 60 companies identified as ‘socially responsible’ in the country.
41
annual_report
AvivaPLC-AR_2003
1,091
Life and pensions: United Kingdom – Group companies 5,336 6,237 534 607 5,870 6,844 Europe (excluding UK) France 1,950 1,814 46 42 1,996 1,856 Ireland 188 267 62 76 250 343 Italy 1,399 1,089 54 44 1,453 1,133 Netherlands (including Belgium and Luxembourg) 850 709 139 87 989 796 Poland – life 24 22 17 24 41 46
58
annual_report
5332
1,233
As of December 31, 2016, there were approximately 15.0 shares of common stock available for future grants under the Incentive Compensation Plan.
22
10K
231
247
Amortization related to realized gains (losses) fluctuated in the last three years as a result of the changes in realized gains and losses discussed above.
25
10K
5082
963
The following table sets forth the weighted average assumptions used to determine the benefit plans’ obligations at December 31, 2015 and 2014:
22
10K
2964
1,309
On June 9, 2005, the Company completed its acquisition of Lumenos, Inc. (“Lumenos”), a market leader in consumer-driven health programs. The total consideration for the acquisition was approximately $185.0 in cash paid to the stockholders of Lumenos. The acquisition was accounted for using the purchase method of accoun...
150
10K
INGGroepNV-AR_2008
1,455
Changes in loan loss provisions relating to insurance operations are presented under Investment income. Changes in the loan loss provisions relating to banking operations are presented on the face of the profit and loss account.
35
annual_report
gb_prudential-AR_2011
3,025
Total Book value* 24,959 25,115 Net unrealised gain 2,057 811 36 1,210
12
annual_report
ASRNederlandNV-AR_2019
581
Group Tax is the ‘single point of contact’ with the tax authorities and has periodically and ad hoc consultation with the tax authorities. External tax advisors will only be consulted after involvement and/or approval by Group Tax.
37
annual_report
fr_axa-AR_2017
1,380
Ramon de Oliveira (63) Managing Director of Investment Audit Practice, LLC (United States) 580 Park Avenue – New York – NY 10065 – United States French nationality
27
annual_report
HelvetiaHoldingAG-AR_2001
200
members of the Board of Directors and the Group Executive Board
11
annual_report
NatixisSA-AR_2002
1,229
Regulatory requirements state that this ratio must exceed 100%. At December 31, 2002, it stood at 118%.
17
annual_report
HiscoxLtd-AR_2018
435
Our provision estimates are subject to rigorous controls and review by all areas of the business, as well as by independent actuaries. The relevant boards approve the amount of the final provision, on the recommendation of dedicated reserving committees.
39
annual_report
2966
598
Cash on our consolidated balance sheets includes funds available for general corporate purposes. Funds held on behalf of clients in a fiduciary capacity are segregated and shown separately in the consolidated balance sheet as an offset to fiduciary liabilities.
39
10K
5100
1,290
Reflects the cancellation of Predecessor Ambac equity accounts attributable to its common shareholders and the fair value adjustment of noncontrolling interests, as follows:
23
10K
240
1,490
Commissions. Commissions increased $1.2 million, or 14.3%, from $8.4 million to $9.6 million. This increase was due primarily to an increase of $2.4 million, or 224.7%, in commissions paid on acquired policies, and a decrease of $505,000 in the consolidation elimination of commissions paid to LifeStyles Marketing by NF...
73
10K
3511
2,220
Potential Reserve Estimate Variability Establishing Discontinued Lines and Coverages net loss reserves for asbestos, environmental and other discontinued lines claims is subject to uncertainties that are much greater than those presented by other types of claims. Among the complications are lack of historical data, lon...
332
10K
5505
1,192
Level 2 - Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and inputs, other than quoted prices, that are observable in the marketplace for the financial instrument. The observable inputs are used in valuation models to calculate...
80
10K
HelvetiaHoldingAG-AR_2006
397
Switzerland Risk discount rate 7.0% 7.0% Yield on bonds 2.8% 2.3% – 2.9% Yield on equities 6.5% 6.5% Yield on real estate 4.5% 4.5%
24
annual_report
DirectLineInsuranceGroupPLC-AR_2012
194
Number of claims registered on new system 19Direct Line Group Annual Report & Accounts 2012
15
annual_report
1139
220
- - Other business or investment considerations that may be disclosed from time to time in the Company's Securities & Exchange Commission filings or in other publicly disseminated written documents.
30
10K
1007
340
The historical financial information for the five years ended December 31, 1998 and at December 31, 1998, 1997, 1996, 1995 and 1994 has been derived from the audited Consolidated Financial Statements of the Company. The selected consolidated financial data set forth below is qualified in its entirety by reference to an...
84
10K
5958
4,679
(1)Unrealized net capital gains and losses for limited partnership interests represent the Company’s share of EMA limited partnerships’ OCI. Fair value and gross unrealized gains and losses are not applicable.
30
10K
4519
1,086
Of the Company’s investments in limited partnerships, as of December 31, 2010, $1.1 million was related to a limited partnership which holds convertible preferred securities of a privately held company. These securities were subject to an appraisal action in Delaware State Court. In February, 2011, the Company’s remain...
54
10K
5598
2,174
A majority of our revenue is based upon contractual rates applied to the market value of the clients' portfolios and considered variable consideration.
23
10K
Sampoplc-AR_2000
826
Market risk in trading is measured and limited using a technique called Value at Risk (VaR). VaR figures are calculated, with a confidence level of 99 per cent, for overnight risk. The volatility and correlation parameters required by the model are calculated daily on the basis of 60-banking day historical market obser...
97
annual_report
NatwestGroupPLC-AR_2015
2,194
The rights and obligations of holders of non-cumulative preference shares are set out in Note 24 on the consolidated accounts.
20
annual_report
DirectLineInsuranceGroupPLC-AR_2012
1,397
• The 2012 bonus overall outcome is that the Group bonus payout is marginally below ‘On-target’ in aggregate. We have made good progress on our transformation plan, and the Board is encouraged by the progress towards the targets disclosed in September 2012. However, the level of bonus set in aggregate by the Committee ...
103
annual_report
4443
1,315
Although assumptions are “locked-in” upon the issuance of immediate annuities with life contingent payout benefits, significant changes in experience or assumptions may require the Company to provide for expected future losses on a product by establishing premium deficiency reserves. Premium deficiency reserves are det...
81
10K
LloydsBankingGroupPLC-AR_2014
3,011
The Financial Policy Committee (FPC) of the Bank of England can also set sectoral capital requirements which are temporary increases to banks’ capital requirements on exposures to specific sectors, if the FPC judges that exuberant lending to these sectors poses risks to financial stability. No sectoral capital requirem...
53
annual_report
2469
2,918
This Annual Report reflects the restatement of the Company’s Consolidated Financial Statements for the years ended December 31, 2002 and December 31, 2003 to consolidate the financial statements of the issuers of certain principal protected note investments made by the Company and to apply the provisions of EITF 99-20R...
163
10K
1982
623
In the fourth quarter of 2000, we decided to exit our under-performing individual major medical business to the extent possible. Of the $31.3 million of individual major medical premium that was in force on December 31, 2000, approximately $1.6 million remained in force on December 31, 2002, which we are not able to ca...
54
10K
SwissReAG-AR_2006
1,447
The Group uses retrocession arrangements to increase its aggregate underwriting capacity, to diversify its risk and to reduce the risk of catastrophic loss from reinsurance assumed. The ceding of risks to retrocessionaires does not relieve the Group of its obligations to its ceding companies. The Group regularly evalua...
115
annual_report
TrygAS-AR_2010
754
Currency market Decline of 15% of exposed currency relative to DKK -435 Impact derivatives 420
15
annual_report
2463
5,492
Finally, as part our normal triennial reserve review process, we retained a nationally recognized actuarial firm to perform a third party review of all of our reserves for loss and loss expense at December 31, 2004. As a result of our internal actuarial review and the third party review, management believes that our li...
66
10K
ScorSE-AR_2016
2,605
SCOR Global Life Reinsurance International (Barbados) Ltd. Barbados 100 100 100 100 Full
13
annual_report
2134
2,853
$3.8 million and diluted earnings per share would increase or decrease by approximately $0.04 per share.
16
10K
5909
504
Premiums payable to insurance companies increased $85.0 million as a result of our 2020 Partnerships and revenue growth.
18
10K
PowszechnyZakladUbezpieczenSA-AR_2011
1,118
The audit committee was appointed by a resolution of the Supervisory Board on 3 June 2008. As at 31 December 2011, the audit committee was composed of the following persons: Marzena Piszczek
32
annual_report
gb_lloyds_banking_grp-AR_2000
72
Today, market segmentation has assumed even greater importance. We believe that over time competition on price alone is a losing strategy. The key to success is to find new, different and, of course, better ways of serving each customer group – services that our customers value highly and that command a price reflectin...
71
annual_report
de_allianz-AR_2004
2,644
Plan assets do not include equity securities issued by the Allianz Group or real estate used by the Allianz Group.
20
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2020
2,513
The “General Engagement Terms for Wirtschaftsprüfer and Wirtschaftsprüfungsgesellschaften [German Public Auditors and Public Audit Firms]” dated 1 January 2017 are applicable to this engagement and also govern our relations with third parties in the context of this engagement (www.de.ey.com/general-engagement-terms). I...
93
annual_report
3040
1,837
The higher degree of uncertainty associated with reserves for reinsurance business is associated with the assumptions used in deriving IBNR claims. Where they are based on an analysis of past loss experience, then the principal assumption is that past patterns of development will be repeated on current business. The pr...
109
10K
4462
726
Net realized gains and losses totaled $6.7 million, $235.7 million, and $25.8 million for the years ended December 31, 2011, 2010, and 2009, respectively. The net realized gain for the year ended December 31, 2011 includes $28.2 million net gains on
41
10K
1765
286
Following is an analysis of credit risk exposures as of December 31:
12
10K
LloydsBankingGroupPLC-AR_2017
1,677
All Directors have access to the services of the Company Secretary in relation to the discharge of their duties.
19
annual_report
422
504
REVENUES: Annuity contract charges and premiums $91,881 $79,816 $61,122 Life, accident, and health premiums earned (net of premiums ceded totaling $(104,250), $60,880 and $48,115) 1,107,367 987,611 938,947 Net investment income 836,642 835,046 767,646 Net realized gains (losses) on investments (21,078) 7,465 (71,939)
42
10K
3082
2,247
(a) Includes $25 million of former retained interests in securitized assets as of December 31, 2005, that were consolidated.
19
10K
2996
6,835
Variable universal life funds on deposits increased by $156.7 million in 2005 compared to an increase of $234.5 million in 2004. This change was principally due to lower deposits, lower relative investment performance and higher surrenders and benefits in 2005.
40
10K
5159
856
In addition, the joint venture agreement contains an embedded purchase option the Company can exercise to purchase the entire interest of the other party to the joint venture after the expiration of a restricted period. The Company determined the embedded purchase option is not required to be bifurcated and fair value ...
94
10K
5131
1,218
Among other initiatives, in 2013, Management announced the restructuring of its business support operations into a single integrated worldwide support platform and changes to the structure of certain of its Non-life operations, both of which provided greater operational efficiency. In 2012, the Company completed the ac...
84
10K
NatwestGroupPLC-AR_2014
5,855
The dependency of positions is modelled using a single-factor Gaussian copula, which facilitates an efficient calculation of the charge using numerical integration.
22
annual_report
4431
893
The tax expense (benefit) on other comprehensive income was $3.6 million, $5.9 million (adjusted for the valuation allowance, see Note 14 - “Income taxes”) and $98.1 million for the years ended December 31, 2011, 2010 and 2009, respectively.
38
10K
2343
675
During 2004 and 2003, the Board of Directors of UTG approved offerings under the plan to qualified individuals. For the years ended December 31, 2004 and 2003, four individuals purchased 14,440 and eight individuals purchased 58,891 shares of UTG common stock, respectively. Each participant under the plan executed a "s...
80
10K
AvivaPLC-AR_2008
3,141
(12,749) 1,882 (10,867) (11,569) 1,728 (9,841) Provisions for claims incurred but
11
annual_report
LloydsBankingGroupPLC-AR_2020
994
COVID response Extensive engagement was needed with regulators and Government in the initial response to the COVID crisis. This helped ensure the Group’s response could both best support our customers, but also remain in step with Government priorities for supporting the stability of the wider UK economy.
47
annual_report
2909
5,981
Changes in accounting standards issued by the Financial Accounting Standards Board ("FASB") or other standard-setting bodies may adversely affect our financial statements
22
10K
4874
1,699
The carrying values and fair values of the Senior Notes and CENts at December 31, 2014 and 2013 were as follows (in thousands of U.S. dollars):
26
10K
NatixisSA-AR_2020
747
Since August 3, 2020, Nicolas Namias has been Chief Executive Officer of Natixis. He also retains his office as a member of the BPCE Management Board.
26
annual_report
5784
1,071
Ozark National's traditional life block of business at December 31, 2019 included approximately 183,400 policies in force representing $6.25 billion of life insurance coverage. The repetitive pay nature of Ozark National's business promotes a higher level of persistency with an annualized lapse rate of 4.6% through Dec...
60
10K
2034
1,134
Surety underwriting profit of $17.6 improved $15.2 over our 2001 underwriting profit of $2.4, which decreased from $11.7 in 2000. The increase in the underwriting profit in 2002 over 2001 reflects the impact of the $18.0 loss recognized in the fourth quarter of 2001 related to the bankruptcy of Enron, a large energy co...
172
10K
TopdanmarkAS-AR_2009
181
Loss participation has at no time been introduced in Life V.
11
annual_report
NNGroupNV-AR_2020
1,193
The Management Board is entrusted with the day-to-day management and overall strategic direction of NN Group.
16
annual_report
3832
1,947
RAM Re must also comply with the provisions of the Bermuda Companies Act regulating the payment of dividends and making of distributions from contributed surplus. A company is prohibited from declaring or paying a dividend, or making a distribution out of contributed surplus, if there are reasonable grounds for believi...
98
10K
de_allianz-AR_2005
42
Supervisory Board was regularly provided by the Board of Management with timely and comprehensive information on the economic and financial development of Allianz AG and the Allianz
27
annual_report
INGGroepNV-AR_2008
2,905
Market abuse & • personal trading Breaches of the ING Business • Principles or local code of conduct Outside positions • by ING officers Gifts or entertainment given • or received; bribery External incident reporting•
35
annual_report
AvivaPLC-AR_2009
134
— Continue to focus on developing new products to suit our customers’ changing needs
14
annual_report
SwissLifeHoldingAG-AR_2007
2,704
Segment 1 Consolidation period Group share Direct share consolidation Currency in 1000 1 Segment (Ins. CH = Insurance Switzerland, Bank. Dis. = Banking (Discontinued), IM = Investment Management, Ins. Other = Insurance Other, Ins. FR = Insurance France, Ins. DE = Insurance Germany, Ins. Dis. = Insurance (Discontinued))
48
annual_report
4778
909
The provision for title claim losses includes an estimate of anticipated title and title-related claims and escrow losses. The estimate of anticipated title and title-related claims is accrued as a percentage of title premium revenue based on our historical loss experience and other relevant factors. We monitor our cla...
181
10K
3053
812
We have completed integrated audits of MBIA Inc.’s consolidated financial statements and of its internal control over financial reporting as of December 31, 2006 in accordance with the standards of the Public Company Accounting Oversight Board (United States). Our opinions, based on our audits, are presented below.
47
10K
NatwestGroupPLC-AR_2005
967
Derivatives at fair value, assets and liabilities, have increased reflecting growth in trading volumes and the effects of interest and exchange rates.
22
annual_report
NatwestGroupPLC-AR_2020
2,939
The ICAAP is used to form a view of capital adequacy separately to the minimum regulatory requirements. The ICAAP is used by the PRA to assess NatWest Group’s specific capital requirements through the Pillar 2 framework.
36
annual_report
4290
1,408
White Mountains Re’s net combined ratio for 2010 was lower than its gross combined ratio by 6 points compared to 3 points for 2009. The decrease for 2010 was primarily due to retrocessional recoveries recognized on losses from the earthquake in Chile, including recovery of the full of $65 million limit available under ...
125
10K
HannoverRueckSE-AR_2014
1,499
Aviation The significant major losses incurred in aviation reinsurance in 2014 have had only a qualified positive effect on rates. It remains the case that insurance capacities are widely available, and it is therefore our expectation that premiums in conventional aviation reinsurance will tend to stabilise on the exis...
102
annual_report
5570
755
Consolidated statement of stockholders' equity for the years ended December 31, 2018 and December 31, 2017
16
10K
fr_axa-AR_2007
3,199
The adjustment to the cost of a business combination contingent on future events is included in the cost of the combination if the adjustment is probable and can
28
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2003
2,319
Commission, personnel costs and general expenses for the acquisition and ongoing administration of insurance contracts, less any commission reimbursed by reinsurers, including profit commission, plus expenses from amortisation of � pvfp.
31
annual_report
AvivaPLC-AR_2009
3,574
Securitised mortgage loan notes UK lifetime mortgage business 1,674 £ — 14 125 — 1,613 1,752 Dutch domestic mortgage business 5,620 € — — — — 5,890 5,890
28
annual_report
fr_axa-AR_2005
280
1964 – 1966: Was sent on assignment to Canada where he created the life insurance division Provinces Unies, a Canadian subsidiary of the Anciennes Mutuelles group.
26
annual_report
fr_axa-AR_2004
1,815
Gross claims and other reserves developed Property & Casualty and International Insurance (excluding AXA RE) (a) 29.128 AXA RE (a) 3.314 Total gross claims and other reserves developed 32.442 Other reserves (b) 4.350 Total gross claims and other reserves excluding Life & Savings Segment 36.792
45
annual_report
fr_axa-AR_2017
3,676
Bharti AXA General Insurance Company Limited (India) 49.00 49.00 49.00 49.00
11
annual_report
HelvetiaHoldingAG-AR_2015
103
We managed to successfully master these challenges, among other things because of the experience gained with similar projects, such as the integrations of Alba, Phenix and SEV and the merger with Patria. Speed is always one of the success factors: the future aspects should be clarified as soon as possible for all areas...
82
annual_report
4803
3,014
Non-cash modifications of certain mortgage loans, fixed income securities, limited partnership interests and other investments, as well as mergers completed with equity securities, totaled $306 million, $231 million and $486 million in 2013, 2012 and 2011, respectively.
37
10K