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AvivaPLC-AR_2015
409
Not Everywhere is also about capital allocation – we see it as a competitive sport. Cash is paid up to the Group, which we then reallocate to markets
28
annual_report
5495
1,393
Derivative liabilities-Through June 30, 2016, certain of our Freddie Mac ACIS contracts were accounted for as derivatives. In determining an exit market, we considered the fact that there is not a principal market for these contracts. In the absence of a principal market, we valued these ACIS contracts in a hypothetica...
144
10K
fr_axa-AR_2017
7,091
At December 31, 2017, investments in subsidiaries and affiliates represented €62,373 million, a significant balance sheet item. They are initially carried at acquisition cost or their contribution value. At the end of the fiscal year, an impairment allowance is recognized if the acquisition cost is less than the value ...
240
annual_report
4314
570
Salaries and wages of International Operations segment personnel decreased 12.0% to $224.1 million in 2009 compared to $254.7 million in 2008, decreasing as a percent of revenues before reimbursements from 57.4% in 2008 to 57.2% in 2009. The decrease in these expenses in 2009 was primarily related to the stronger U.S. ...
90
10K
CNPAssurancesSA-AR_2018
205
The buyout of 1OO% of its CNP Cyprus Insurance Holdings subsidiary represents the latest move by the Group in its international expansion drive. The subsidiary, the number two insurer in Cyprus, possesses the country’s largest network of independent agents distributing a full range of life and non-life insurance produc...
49
annual_report
5619
744
On July 1, 2016, the Company entered into lease agreements with Yuli Broker and Yuli Investment separately, to lease their Nan-King East Road office space in Taipei City. The lease terms were both for one year commencing on July 1, 2016 and ending on June 30, 2017, with an annual base rent approximately of $610 (NT$18,...
89
10K
LloydsBankingGroupPLC-AR_2006
482
Regulation In the UK and elsewhere, there is continuing political and regulatory scrutiny of financial services. On 7 February 2007, the Office of Fair Trading (‘OFT’) published its decision to refer the Payment Protection Insurance market to the Competition Commission, which will report within two years. The OFT is al...
184
annual_report
3821
2,965
The projected benefit obligation and fair value of plan assets for non-U.S. pension plans with projected benefit obligations in excess of plan assets was $3.0 billion and $2.7 billion, respectively, as of December 31, 2008 and $430 million and $288 million, respectively, as of December 31, 2007.
47
10K
fr_axa-AR_2013
411
AllianceBernstein, a 63.7% subsidiary, is a leading global investment management fi rm based in the United States.
17
annual_report
HannoverRueckSE-AR_2013
1,004
Underwriting risks in non-life reinsurance 2,738.6 1 Required risk capital with a confidence level of 99.5%
16
annual_report
3243
1,455
inflation rates. Mexico’s income from continuing operations increased by $8 million, primarily due to tax benefits of $27 million under the AJCA, higher net investment earnings, an adjustment to the amortization of DAC for management’s update of assumptions used to determine estimated gross margins and several other on...
97
10K
5347
642
2015 compared to 2014-Customer care and enrollment expenses decreased $0.2 million, or 0.5%, in the year ended December 31, 2015 compared to the year ended December 31, 2014, due primarily to a decrease in compensation, benefits and other personnel costs due to the reduction in force announced in March 2015 which was f...
79
10K
INGGroepNV-AR_2006
2,004
Underwriting expenditure includes an amount of EUR 4,141 million in 2006 (2005: EUR 3,956 million; 2004: EUR 4,258 million) in respect of commission paid and payable with regard to the insurance operations. Amortisation of deferred acquisition costs amounted to EUR 1,444 million in 2006 (2005: EUR 1,475 million; 2004: ...
52
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2015
2,521
Expenses for defined contribution plans in the year under review totalled €74m (72m), with €111m (114m) for contributions to state plans.
21
annual_report
4652
3,160
As of December 31, 2012, Prudential Financial and Prudential Funding maintained an aggregate of $3,750 million of unsecured committed credit facilities consisting of a $2,000 million five-year facility expiring in December 2016 that has Prudential Financial as a borrower and a $1,750 million three-year facility expirin...
185
10K
gb_prudential-AR_2013
3,648
Expected maturity: Notes (i) The cash flow projections of expected benefit payments used in the maturity profile table above are from value of in-force business and exclude the value of future new business, including future vesting of internal pension contracts.
40
annual_report
2949
1,282
The Company also utilizes foreign currency options contracts to mitigate foreign currency risk. For the years ended December 31, 2005 and 2004, the balances related to contracts maturing on December 31 were a receivable of $1.3 million and $4.8 million, respectively. At December 31, 2005 and 2004, there were no outstan...
52
10K
AegonNV-AR_2018
1,571
Group non financial business indicators Group new business strain, customer engagement, employee engagement, control environment and digitally connected customers
19
annual_report
3157
624
The decrease in NIW on a flow basis in 2006 was primarily the result of a decrease in refinance volume. Refinance volume is driven by changes in interest rates as discussed with respect to cancellations below. For a discussion of NIW written through the bulk channel, see “Bulk transactions” below. We expect total NIW i...
92
10K
1914
1,387
On June 3, 2002, LNC announced an agreement with the Philadelphia Eagles to name the Eagles’ new stadium Lincoln Financial Field. In exchange for the naming rights, LNC agreed to pay $139.6 million over a 20-year period, through annual payments to the Eagles which average approximately $6.7 million per year. The total ...
106
10K
5587
1,557
Loss and LAE for the year ended December 31, 2017 included $7.3 million of unfavorable development on prior accident year loss and LAE reserves. The development was composed of $16.2 million of unfavorable development in the P&C segment (including $0.9 million of unfavorable development for the Reciprocal Exchanges) pr...
158
10K
fr_axa-AR_2018
1,122
Net income reported was €-428 million, reflecting adjusted earnings (€-260 million), integration and restructuring costs associated with the acquisition of XL Group (€- 67 million), unfavorable change in the fair value of m utual funds (€-37 million), exceptional operations (€-29 million) mainly driven by the repurchas...
66
annual_report
4039
691
We currently target a debt to adjusted EBITDA (earnings before interest, tax, depreciation and amortization) ratio of below 2.5 times. Once we are in a position to remain at or below this ratio, we would consider recommencing our stock buy back program. At December 31, 2009 the actual ratio was 2.6 times. However, ther...
74
10K
NatwestGroupPLC-AR_2014
5,498
Gross as a % of as a % as a % of charge/ Amounts loans REIL Provisions gross loans of REIL gross loans (release) written-off of which: Commercial real estate 43,317 13,345 9,027 30.8 68 20.8 (1,067) 2,750
38
annual_report
1581
343
The cost and estimated market value of fixed maturity securities at December 31, 2000, by remaining contractual maturity, are shown below (in thousands). Expected maturities may differ from contractual maturities because certain borrowers have the right to call or prepay obligations with or without call or prepayment p...
48
10K
PowszechnyZakladUbezpieczenSA-AR_2017
3,374
(e.g. claims, acquisition and administrative expenses) to the net earned premium for a given period cross-selling – a sales strategy for selling a given insurance product in combination with a complementary insurance product or an insurer’s partner’s product, e.g. a bank’s product. Bancassurance products such as credit...
53
annual_report
5511
2,280
investments should not be expected to repeat in future periods. The increase in GAAP pretax earnings also reflects lower special A&E charges in 2018 compared to 2017, partially offset by the impact of favorable reserve development of $18 million in the fourth quarter of 2017 in the Neon exited lines in connection with ...
58
10K
de_allianz-AR_2009
1,100
In the Asset Management segment we profited from the recovery of the financial markets and strong net inflows. Operating revenues amounted to € 3,689 million, up 20.3 % on an internal basis, primarily driven by higher fee and commission income. In particular, performance fees were high and mainly driven by our fixed-in...
53
annual_report
5900
849
Premium income increased compared to 2018 due to higher overall persistency, sales growth, and the impact of rate increases in the group long-term disability product line.
26
10K
PhoenixGroupHoldingsPLC-AR_2015
2,441
Net asset value attributable to unitholders 4,659 – – – 4,659
11
annual_report
StandardLifeAberdeenPLC-AR_2014
87
Uncertainty in global markets • Under deflationary pressures in the Eurozone and with limited options to reduce interest rates further, the European Central
23
annual_report
3962
790
Pending the closing of the acquisition of the HIM business as discussed below, interest rates on borrowings under the Credit Facility are based, at our election, on the London Interbank Offered Rate, or LIBOR, or the base rate plus an applicable margin. The base rate equals the higher of Bank of America’s prime rate or...
180
10K
5526
872
Segment income in 2017 was $128 million, $389 million or 75% lower than segment income of $517 million in 2016. The decrease in segment income before income taxes primarily reflected the pre-tax impacts of (i) significantly higher catastrophe losses, partially offset by (ii) higher net investment income, (iii) higher u...
186
10K
1063
295
As of December 31, 1998, the Company's regulated subsidiaries had aggregate statutory capital and surplus of approximately $1.4 billion, compared with their aggregate minimum statutory capital and surplus requirements of $390 million. The amount of dividends that may be paid to the Company or United HealthCare Services...
95
10K
PowszechnyZakladUbezpieczenSA-AR_2012
1,435
 WallStreet in Zakopane, the largest meeting of private investors in CEE organized by Stowarzyszenie
15
annual_report
INGGroepNV-AR_2002
1,663
M A I N C R E D I T R AT I N G S O F I N G
21
annual_report
5336
2,255
Fixed assets are stated at cost less accumulated depreciation and amortization. Fixed assets are primarily comprised of software, which includes internally used capitalized software and development costs, as well as equipment, buildings and building improvements, and leasehold improvements. Assets in use are depreciate...
163
10K
4171
1,110
(2) Operating return on beginning common shareholders’ equity (Operating ROE) is calculated using operating earnings or loss available to common shareholders, as defined above, divided by beginning common shareholders’ equity. The presentation of Operating ROE is a non-GAAP financial measure within the meaning of Regul...
75
10K
4954
1,764
Revenues from UL insurance and investment type products consist of net investment income on the policyholders’ fund balances, and amounts assessed during the period for cost of insurance, policy administration, and surrender charges. The Company includes the amounts assessed in policy fees, contract charges, and other ...
74
10K
TrygAS-AR_2011
1,901
Depreciation of plant and equipment is calculated using the straightline method over their estimated economic lifetime, as follows: • IT, 4 years • Vehicles, 5 years • Furniture, fittings and equipment, 5-10 years
33
annual_report
ScorSE-AR_2020
3,858
The change in SCOR Global Life mathematical reserves for the years ended December 31, 2020 and 2019 is as follows: In EUR millions 2020 2019
25
annual_report
LloydsBankingGroupPLC-AR_2010
8,252
Lloyds Banking Group Annual Report and Accounts 2010 8 DEBT SECURITIES IN ISSUE
13
annual_report
TopdanmarkAS-AR_2012
298
Topdanmark's Risk management function identifies, assesses and quantifies risks. It refers to the Risk Committee which is responsible for risk policies, risk limits, solvency calculation, capital plans, Topdanmark's own risk and solvency assessment (ORSA) and Topdanmark's partial, internal model for non-life insurance ...
95
annual_report
3821
1,393
MMC’s additions to fixed assets and capitalized software, which amounted to $386 million in 2008 and $378 million in 2007, primarily relate to computer equipment purchases, the refurbishing and modernizing of office facilities and software development costs.
37
10K
NatixisSA-AR_2013
1,155
Member, Audit Committee First appointed: Board Meeting of 01.28.2013 Term expires: 2015 AGM (b)
14
annual_report
nl_ing_grp-AR_2013
2,317
Unrealised revaluations –7 –5,539 –5,546 Realised gains/losses transferred to profit and loss –327 –327 Changes in cash flow hedge reserve –812 –812 Transfer to insurance liabilities/DAC 2,200 2,200 Impact of ING U.S. –4 –444 2 –446
36
annual_report
NatixisSA-AR_2004
1,120
CREDITORS GROUP HOLDING LTD Credit information and management 100 100 100 98 100 98
14
annual_report
SwissReAG-AR_2015
714
While the data for 2014 show the impact of our management actions with respect to the pre-2004 US individual life business and the unwinding of an asset funding structure, the results show us quickly back on track in 2015. This year we met the return on equity target we set for ourselves in 2013 of 10%–12%, ending at 1...
68
annual_report
2675
1,805
Our minimum defined benefit pension liability, included in pension, post retirement and post employment liabilities, increased $157 million since last year-end. We are required to maintain at plan level, at a minimum, a liability equal to the difference between the present value of benefits incurred to date for pension...
60
10K
2834
886
In recent years, the Company has sought to strengthen these two valuable businesses, while at the same time shedding unneeded and unprofitable businesses. Discontinued operations in 2004 and 2003 consisted of the Company’s Seasonal Products segment. This segment consisted of our 100% ownership interest in Pumpkin Maste...
100
10K
AegonNV-AR_2018
2,155
Risk monitoring and reporting Risks are monitored regularly and reported on at least a quarterly basis. The impact of key financial, underwriting and operational risk drivers on earnings and capital is shown in the quarterly risk dashboard for the various risk types both separately as well as on an aggregate basis.
51
annual_report
1787
342
The following table summarizes the activities related to options during 2001, 2000, and 1999:
14
10K
NatwestGroupPLC-AR_2015
5,880
Group’s retirement benefit obligations, was closed to new entrants in 2006. Since 2009, pensionable salary increases in the
18
annual_report
TrygAS-AR_2009
902
Mr Bergqvist has international management experience in strategic development, complex transactions, development of new markets, marketing, sales and financial management. Being a Swedish citizen, Mr Berggvist has special insight into Swedish market conditions.
33
annual_report
4775
7,378
Includes the change in fair value of embedded derivatives associated with fixed index annuity indexed crediting feature and variable annuity GMWB, GMAB and COMBO riders. See Note 8 to our financial statements under “Item 8: Financial Statements and Supplementary Data” in this Form 10-K for additional disclosures.
47
10K
SwissReAG-AR_2016
1,531
The organisation of the Board of Directors is set forth in the SRL & Group Bylaws, which define the organisational structure of Swiss Re Ltd and the responsibilities and authorities of the Board of Directors, its committees and the Group Executive Committee (Group EC) and their members. The SRL & Group Bylaws also prov...
106
annual_report
1718
717
Absent the sale of assets or other capital raising events, the Company may not have the liquidity in its non-regulated subsidiaries to make the required payments pursuant to the revised pay-down schedule on or after the scheduled payment of $10.8 million on June 30, 2002. Furthermore, if repayment is required due to de...
125
10K
BaloiseHoldingLtd-AR_2011
2,289
Liability for future financial lease payments (present value) 112.8 103.9 112.8 103.9 recognised at fair value through profit or loss – designated total liabilities from the banking business and financial contracts 12,863.3 13,998.1 – –
35
annual_report
HelvetiaHoldingAG-AR_2015
1,043
Diluted earnings per share (in CHF) 11.5 28.98 42.98 1 Change in presentation (see section 2.3 on page 114)
19
annual_report
2924
616
The Company has extended its grace period for premium payments due from its policyholders in counties and parishes proclaimed disaster areas by the Federal Emergency Management Agency (FEMA) due to these hurricanes. The Company is unable to estimate a range of reasonably possible losses on policies that may ultimately ...
92
10K
AegonNV-AR_2014
5,761
Aegon operates will be the Derivatives Reform aspect of the Dodd-Frank Act, which aims to increase transparency of derivatives use and reduce systemic risk. Aegon USA entities are considered Category 2 under the regulations and are required to clear derivative transactions in accordance with the phase-in regulations. I...
91
annual_report
AvivaPLC-AR_2002
735
Allocation of Underwriting result longer term investment return Total £m £m £m £m £m £m
15
annual_report
ASRNederlandNV-AR_2017
440
Transparent product and service descriptions Customers increasingly value transparent products and services with clear choices. This is also one of the outcomes of the central stakeholder dialogue (for more information see Chapter 2.4 Our stakeholders and material issues).
38
annual_report
DirectLineInsuranceGroupPLC-AR_2013
280
• Maintain progress in Germany with over 9% growth in in-force policies in January 2014
15
annual_report
3510
917
income by approximately $5 million, it is likely that trended PMPM costs would be underestimated, resulting in an additional overstatement of net income.
23
10K
gb_prudential-AR_1999
648
Jackson National Life US GAAP shareholders’ funds 2,461 2,896 1,527 1,740 Investment value and related adjustments 500 (292) 311 (175) Deferred tax asset eliminated (29) (127) (18) (76)
28
annual_report
gb_prudential-AR_2015
2,544
Reserve movements in respect of share-based payments – – 106 – – 106 – 106
15
annual_report
fr_axa-AR_2006
1,470
AXA also takes into account the characteristics of each local market. For instance, the Belgian market is dominated by bank-insurers. As a result, AXA has developed a multi-channel distribution strategy relying mainly on three distribution channels: its own network of bank agents acting as brokers, brokerages and its s...
60
annual_report
5683
5,851
(2)Included in the funded statuses of the benefit plans, which is reported in other liabilities on our Consolidated Balance Sheets. Refer to Note 17 for information regarding our benefit plans.
30
10K
2392
2,086
Excludes commercial paper and obligations included as debt pursuant to FIN46R and includes ILFC’s capital lease obligations. See also Note 9 of Notes to Financial Statements.
26
10K
NatixisSA-AR_2009
568
In the tables below: a the expression “amounts due” corresponds to compensation and benefits granted to corporate officers within the context of their duties for the year, irrespective of the date of payment (for example variable compensation awarded for 2008 but paid in 2009 therefore appears both in the column “amoun...
91
annual_report
4129
1,659
These ranges of high and low prices of the Parent’s common stock, as reported by the NASDAQ Global Select Market, represent actual transactions. All price quotations do not include retail markups, markdowns and commissions. The range of high and low prices for common stock for the period beginning January 4, 2010 and e...
60
10K
gb_lloyds_banking_grp-AR_2012
3,575
Other comprehensive income for the year, net of tax (918) 2,242 278
12
annual_report
5589
1,825
(1) 2017 figures have been revised to correct for a misclassification in prior disclosure of subcategories within residential mortgage-backed securities and commercial mortgage-backed securities. Fair value and Level 2 input balances increased by $41.4 for residential mortgage-backed securities and decreased by the sam...
48
10K
GjensidigeForsikringASA-AR_2020
2,125
The aim of both committees is to strengthen and increase the efficiency of the Board's discussions and contribute to improvements in the future. In addition, a remuneration committee assists the Board in remuneration matters. Gjensidige Forsikring ASA has established strategies, policies and more detailed guidelines, r...
72
annual_report
5070
686
In conjunction with this 2015 reinsurance assumption transaction, the cash and non-cash impact on operating, investing and financing activities is summarized as follows:
23
10K
ch_zurich_insurance_group-AR_2007
2,024
Underwriting and in USD millions, for the years ended December 31 policy acquisition costs
14
annual_report
BeazleyPLC-AR_2016
1,046
As previous years show, bonuses are strongly aligned with ROE performance. Allocations for the senior team are based on their individual performance during the year and not through a formula.
30
annual_report
AegonNV-AR_2018
4,545
Total income tax related to components of other comprehensive income 485 785 311
13
annual_report
547
214
Company's consolidated financial position, results of operations or cash flows, however could be material to net income of a future quarter if resolved unfavorably.
24
10K
AegonNV-AR_2019
7,694
Legal reserves in respect of group companies include net increases in net asset value of subsidiaries and associates since their first inclusion, less any amounts that can be distributed without legal restrictions.
32
annual_report
5907
1,027
Equity Securities-For publicly-traded equity securities, prices are received from a nationally recognized pricing service that are based on observable market transactions, and these securities are classified as Level 1 measurements. For certain preferred stock, current market quotes in active markets are unavailable. I...
97
10K
AvivaPLC-AR_2013
325
§ Predictive analytics: We will focus on enhancing our analytics capabilities, increasing the use of internal and external data to drive superior performance across the business including underwriting, pricing and claims
31
annual_report
AvivaPLC-AR_2012
4,134
Total contractual undiscounted cash flows 5,179 6,648 11,827 5,327 7,061 12,388
11
annual_report
3154
621
The nature of liability payment patterns requires the application of large development factors to relatively small payments in most immature years
21
10K
5801
935
As of December 31, 2019, the Company evaluated its fixed maturity securities for impairment and determined that none of its investments in fixed maturity securities that reflected an unrealized loss position were other-than-temporarily impaired. The issuers of the fixed maturity securities in which the Company invests ...
93
10K
941
601
Indirect underwriting expenses were 13.7%, 10.9% and 10.3% of total direct written and assumed premiums in 1996, 1997 and 1998, respectively. Indirect expenses include general overhead and administrative costs associated with the acquisition of new and renewal business, some of which is relatively fixed in nature, thus...
188
10K
PosteItalianeSpA-AR_2018
1,846
In order to achieve the maximum effectiveness and efficiency of processes, activities and resources, Poste Italiane has decided to adopt an Integrated Management System that brings together the significant aspects of all the management systems currently in place, in order to align business processes and make the widesp...
132
annual_report
TrygAS-AR_2018
395
(DKK 11bn). The objective is for the return on the match portfolio to be as close as possible to zero as capital gains and losses on the assets side should be mirrored by corresponding developments on the liabilities side. The free portfolio is intended to produce the maximum risk-adjusted return. The investment risk a...
72
annual_report
SwissLifeHoldingAG-AR_2008
2,889
PRACTICE AND PROCEDURE | Pursuant to the Organisational Regulations, the Board of Directors as a whole is responsible for determining the level and make-up of compensation for its members, whereas the Chairman’s Committee, in its capacity as a Compensation Committee, is responsible for putting forward corresponding pro...
121
annual_report
5766
1,543
The valuation of these guarantee liabilities includes nonperformance risk adjustments and adjustments for a risk margin related to non-capital market inputs. The nonperformance adjustment is determined by taking into consideration publicly available information relating to spreads in the secondary market for BHF’s debt...
72
10K
4531
1,186
General corporate expenses remained comparable in 2012 as compared to 2011.
11
10K
4765
680
Investments that we currently own could be subject to default by the issuer or could suffer declines in fair value that become other-than-temporary. We regularly assess individual securities as part of our ongoing portfolio management, including the identification of other-than-temporary declines in fair value. Our oth...
117
10K
3878
4,309
AIG does not guarantee any of the debt obligations of AGF but has provided a capital support agreement for the benefit of AGF’s lenders under the AGF 364-Day Syndicated Facility.
30
10K
AssicurazioniGeneraliSpA-AR_2014
1,704
In the Annexes the complete list of subsidiaries, associates and joint ventures included in the consolidated financial statements at 31 December 2014 is presented . Unless otherwise stated, the annex shows the share capital of each consolidated entity and the proportion of ownership interest held by the Group equals th...
55
annual_report
StorebrandASA-AR_2007
439
HALVOR STENSTADVOLD (63), independent advisor. MSc Political Science, University of Oslo. 1996­2006 member of Orkla’s executive management, 1988­1996 various management positions Orkla ASA. 1981­1984 Parliamentary Secretary Ministry of Consumer affairs and Government Administration. 1979­1988 Bank manager, Kreditkas­ s...
111
annual_report
BaloiseHoldingLtd-AR_2011
850
Explanatory notes to the table: Credits and loans No loans and advances that are not market standard have been granted to a) former members of the Board of Directors or Corporate executive Committee; b) individuals or companies with close family ties to members of the Board of Directors (related individuals: spouse, ci...
105
annual_report
1201
425
The following table summarizes stock options outstanding and exercisable at December 31, 1999:
13
10K
gb_prudential-AR_2016
4,262
C7.3 US insurance operations Exposure and sensitivity of IFRS basis profit and shareholders’ equity to market and other risks At the level of operating profit based on longer-term investment returns, Jackson’s results are sensitive to market conditions to the extent of income earned on spread-based products and indirec...
56
annual_report
5663
1,724
Includes gross variable and fixed annuities sold as retail investment products. Investments sold through defined contribution plan products are included with such products within our Retirement business. Variable annuity account values were $164.9 billion, $147.3 billion and $165.1 billion as of December 31, 2019, 2018...
69
10K