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5347
679
The following table presents summary results of our operating segments for the years ended December 31, 2014, 2015 and 2016 (in thousands):
22
10K
4288
880
In our Medicare plan business, we generate the majority of referral fees during the fourth quarter. We also incur a significant portion of our Medicare plan related marketing expenses during the fourth quarter. We may not be paid for a considerable portion of the referral fees owed to us until the first quarter. This s...
86
10K
4043
1,151
Group and funded annuity contracts - contract value is equivalent to fair value, as the interest-crediting rates are periodically reset to market at the discretion of the issuer.
28
10K
fr_axa-AR_2009
10,007
Subordinated debt totaled €6,723 million as opposed to €6,924 million in 2008. Of this decrease, €151 million was due to the redemption of undated debts in accordance with the
29
annual_report
1985
1,128
On March 11, 2003, the Company completed a public offering of $250.0 million aggregate principal amount of 5.25% notes due March 15, 2013. The notes were priced at 99.247% of par to yield 5.433% annual interest. The Company received net proceeds of approximately $246.1 million, after expenses, which will be used to pay...
69
10K
Sampoplc-AR_2012
1,147
The reporting lines of different governing bodies at Sampo Group level are described in the figure Risk governance in Sampo
20
annual_report
AvivaPLC-AR_2020
710
Trading and liquidity management actions were taken within our funds, to ensure continued and uninterrupted service to our customers. However, due to the adverse impact of COVID-19 on the UK commercial property sectors, and in particular the difficulty in being able to assign values to our commercial property portfolio...
64
annual_report
SwissReAG-AR_2016
1,134
In 2016, Swiss Re’s overall risk remained stable, as the decrease in financial market risk was offset by higher life and health risk. Property and casualty risk as well as credit risk remained broadly stable.
35
annual_report
3077
643
fair value. The adjustment of the carrying amount of the hedged asset or liability is accounted for in the same manner as other components of the carrying amount of that asset or liability. The net derivative gain or loss related to a discontinued cash flow hedge (recognized during the period of hedge effectiveness) wi...
136
10K
PosteItalianeSpA-AR_2017
2,402
Effects of sales on profit or loss (75) 4 (11) 1 (81)
12
annual_report
4369
589
The amount of recoveries pertaining to reinsurance contracts that were deducted from losses and loss adjustment expenses incurred during 2011, 2010 and 2009 was approximately $40.6 million, $75.2 million and $7.1 million, respectively. The amount of loss reserves and unearned premium we would remain liable for in the e...
62
10K
2665
6,928
At December 31, 2004, the carrying value of residential mortgage loans outstanding was $2 million.
15
10K
5450
1,181
Income tax expense (benefit) attributable to income from operations for the years ended December 31, 2017, 2016 and 2015, differed from the amounts computed by applying the U.S. federal tax rate of 35 percent to pretax income from continuing operations as demonstrated in the following table:
46
10K
3865
1,382
adverse volatility-related impacts due to turbulent equity market conditions. Volatility risk is not covered by the GMDB equity
18
10K
2983
946
VRDNs are long-term bonds that bear floating interest rates and provide investors with the option to tender or put the bonds at par, generally on a daily, weekly or monthly basis. ARS are long-term securities with interest rate reset features and are traded in the marketplace through a bidding process. The cash flows r...
70
10K
4278
2,478
Net investment spread declined in 2009 compared to 2008 primarily due to the decrease in earnings on fixed maturities, including the impact of interest rate hedges. Partnership earnings and other investing activities also declined lowering total spread by 7 bps. The decline in fixed maturity returns was primarily relat...
79
10K
3858
1,490
* This refers to loss development factors for the most recent four months. Our historical claims experience indicates that approximately 87% of medical claims are paid within four months of the incurred date.
33
10K
5026
861
The results of operations of our mortgage insurance segment have been restated for the years ended December 31, 2013 and 2012 due to the reallocation of certain corporate income and expenses that were previously allocated to the financial guaranty segment, but were not reclassified to discontinued operations. These ite...
62
10K
AvivaPLC-AR_2009
806
Year ended 31 December 2009 Sales in our UK long-term insurance and savings business decreased by £3,380 million, or 25%, to £9,963 million (2008: £13,343 million). Protection sales have decreased by 14% as a result of regulatory changes affecting creditor sales volumes. Pension sales decreased by 21% due to the reduce...
86
annual_report
771
270
With respect to the information included in Tables 1-4, conditions and trends affecting the development of liabilities in the past may not occur in the future. Accordingly, it is not appropriate to extrapolate future redundancies or deficiencies based on these tables. Current actuarial studies indicate that liabilities...
64
10K
StandardLifeAberdeenPLC-AR_2014
1,855
Reinsurance recoveries due from reinsurers and reinsurance premiums due to reinsurers under reinsurance contracts that are contractually due at the reporting date are separately recognised in receivables and other financial assets and other financial liabilities respectively.
36
annual_report
SwissReAG-AR_1993
724
- Claims incurred: All claims payments plus the adjust­ ment in the -> outstanding claims reserve of a business year.
20
annual_report
fr_axa-AR_2000
2,030
NEW ACCOUNTING PRONOUNCEMENTS NOT YET ADOPTED For information on new accounting pronouncements not yet adopted under French GAAP and US GAAP, see note 2 and 27 to the consolidated financial statements.
31
annual_report
4911
4,054
investments in these hybrid securities are exposed to losses only up to the amount of our initial investment in the hybrid security. Other than our initial investment in the hybrid securities, we have no further obligation to make payments on the embedded credit derivatives in the related hybrid securities.
49
10K
5634
10,331
Commitments to invest, commitments to purchase private placement securities, commitments to extend loans, financial guarantees and credit guarantees have off-balance sheet risk because their contractual amounts are not recorded in the Company’s Consolidated Statements of Financial Position (see Notes 7 and 14).
42
10K
ASRNederlandNV-AR_2015
3,210
Customer-Oriented Insurance Quality Mark The Customer-Oriented Insurance Quality Mark is a quality mark that is awarded for an insurance company’s quality of service provision and customer focus. For more information, please visit www.keurmerkverzekeraars.nl (in Dutch only).
36
annual_report
SwissReAG-AR_2020
4,977
• Signed Business Ambition for 1.5°C, committing to net-zero emissions in re/insurance and investments by 2050
16
annual_report
NatixisSA-AR_2007
3,669
It also plays an active role in Group Provisions Committees and the ALM Committee, which is chaired and organized by the Financial department.
23
annual_report
884
411
Total liabilities decreased 5% in 1998 compared to 1997. Policy liabilities and accruals, which represents most of total liabilities remained relatively unchanged from the prior year. The significant changes in total liabilities were from deferred income taxes and notes payable.
40
10K
1010
323
The Company considers inflation when estimating liabilities for losses and loss adjustment expenses, particularly for claims having a long period between occurrence and settlement. The liabilities for losses and loss adjustment expenses are management's estimates of the ultimate net cost of underlying claims and expens...
73
10K
ScorSE-AR_2011
4,749
Pursuant to Article L. 322-4-1 of the French Code of Insurance, the ACP shall also inform the European Commission of any acquisition of a stake that may grant control of a reinsurance company to a company whose registered office is located in a State not party to the European Economic Area agreement.
52
annual_report
ScorSE-AR_2017
5,126
Whether it be in its projects of extension or relocation, the Group integrates environmental considerations when selecting its offices, notably office buildings it intends to acquire. The Group favors so-called sustainable or ecoresponsible construction. SCOR is attentive to obtaining of either an energy efficiency, or...
78
annual_report
AssicurazioniGeneraliSpA-AR_2019
294
network of agents and financial advisors, but also through brokers, bancassurance and direct channels.
14
annual_report
5550
2,078
On November 1, 2018, the Company announced that its U.K. insurance operations entered into a renewal rights transaction with The Ardonagh Group of a U.K. commercial lines book of business, consisting of commercial property, casualty, motor, professional liability, personal accident and travel business. The transaction ...
50
10K
NatwestGroupPLC-AR_2010
2,566
All the disclosures in this section (pages 204 to 220) are audited unless otherwise indicated with an asterisk (*).
19
annual_report
1038
188
The consolidated financial statements of the Company include the operations of Possible Dreams since May 1, 1996.
17
10K
ch_zurich_insurance_group-AR_2009
1,208
III 1. Report of the Statutory Auditor 264 08_Financial_Statements_Part1_7442_Eng.indd 13808_Financial_Statements_Part1_7442_Eng.indd 138 24/2/10 20:16:3624/2/10 20:16:36
14
annual_report
4735
927
other insurance carriers for some lines of business. The business that is assumed from other insurance carriers is included within the personal, commercial and specialty insurance business results. Information regarding the amount of business written on a direct and assumed basis is presented in Note (8) of the Notes t...
53
10K
4666
1,418
Summarized quarterly financial data for 2012 and 2011 are as follows:
11
10K
LloydsBankingGroupPLC-AR_2003
557
Total income increased by £255 million, or 7 per cent, to £4,046 million. Excluding the impact of acquisitions, total income was £154 million, or 4 per cent, higher. Net interest income was £99 million higher at £2,458 million. Growth in interest-earning assets more than offset a 24 basis point reduction in the net int...
71
annual_report
PowszechnyZakladUbezpieczenSA-AR_2013
333
Increase in nominal salaries in the national economy in % (y/y)
11
annual_report
3682
822
Insurance and reinsurance premiums are earned over the terms of the policies in proportion to the risks to which they relate. Unearned premiums represent the portion of premiums written that is applicable to the unexpired portion of the policies in force.
41
10K
4225
3,261
For most debt securities issued by government entities, AIG obtains fair value information from independent third-party valuation service providers, as quoted prices in active markets are generally only available for limited debt securities issued by government entities. The fair values received from these valuation se...
98
10K
PhoenixGroupHoldingsPLC-AR_2011
308
Life MCEV operating earnings after tax Other than vesting annuities and increments to existing policies, the Group’s life division is closed to new business. The principal underlying components of the life MCEV operating earnings are therefore the expected existing business contribution together with non‑economic exper...
49
annual_report
739
309
Reclassifications. Certain amounts in the Consolidated Financial Statements for the years ended December 31, 1996 and 1995 have been reclassified to conform with the current year presentation.
27
10K
gb_prudential-AR_2015
6,283
Prudential is established as Prudential Mutual Assurance Investment and Loan Association in Hatton Garden, London, offering loans and life assurance to professional people.
23
annual_report
StorebrandASA-AR_2009
1,545
Note 5: Remuneration of the CEO and elected officers of the company 132
13
annual_report
SwissReAG-AR_2014
3,525
Although early regulatory efforts following the credit crisis in 2008 were focused primarily on banking institutions, there has been a noticeable trend in recent years to extend the scope of reforms and oversight beyond such institutions to cover insurance and reinsurance operations. Legislative initiatives directly im...
234
annual_report
1582
248
MODIFIED COINSURANCE AGREEMENT: On June 30, 2000, effective January 1, 2000, Golden American entered into a modified coinsurance agreement with Equitable Life, an affiliate, covering a considerable portion of Golden American's variable annuities issued on or after January 1, 2000, excluding those with an interest rate ...
59
10K
ASRNederlandNV-AR_2016
3,986
Above differences can be explained by the previously mentioned transactions in AAA rated government bonds (mainly German bonds) and non-AAA government bonds (mainly French and Belgium bonds). Moreover, a.s.r. bought Spanish and Irish government bonds in 2016, which explains the increase in Periphery.
43
annual_report
NatixisSA-AR_2005
1,606
+/- Decrease/(increase) in interbank and money market items 405 5,526 +/- Decrease/(increase) in customer items (7,274) (9,173) +/- Decrease/(increase) in other financial assets or liabilities 454 522 +/- Decrease/(increase) in non-financial assets or liabilities 3,196 3,830 - Income taxes paid (309) (188)
42
annual_report
INGGroepNV-AR_2018
4,621
 The Risk Committee, which assists and advises the SB in monitoring the risk profile and approving the overarching risk appetite of the company as well as the structure and effective operation of the internal risk management and control systems.
40
annual_report
2003
325
Through SCIC and Catawba, the Company participated in the NFIP, a flood insurance program administered by the federal government. In this capacity, SCIC and Catawba received commissions and service income from the NFIP for writing and administering the premiums and servicing the related claims, but retained no underwri...
90
10K
INGGroepNV-AR_2019
543
segment,” says Dirkjan Ochtman, tech lead for the project. “Think of loans in large renewable energy, infrastructure or commercial real estate projects. Currently, the process for trading these assets is complex and inefficient, large ticket sizes making it difficult for investors to participate. Plus, investors are ex...
67
annual_report
5074
1,736
Commission and Other Acquisition Expenses - Commission and other acquisition expenses increased by $127.3 million, or 43.7%, for the year ended December 31, 2014 compared to 2013. The commission and other acquisition expense ratio increased to 30.4% for the year ended December 31, 2014 compared to 29.5% in 2013. The in...
86
10K
5890
1,002
In September 2020, the Company completed the transaction to sell its Swedish majority-owned subsidiary MM Holding AB (‘Max Matthiessen’) for total consideration of SEK 2.3 billion ($262 million) plus certain other adjustments, resulting in a tax-exempt gain on the sale of $86 million, which is included in Other income,...
164
10K
AvivaPLC-AR_2015
5,885
Our regulated business is subject to extensive regulatory supervision both in the UK and internationally. We are subject to extensive laws and regulations that are administered and enforced by a number of different governmental authorities and non-governmental agencies, including the PRA, the FCA and other regulators. ...
132
annual_report
5751
805
change in the future, we may be required to record impairment losses or change the useful life, including accelerating depreciation or amortization for these assets. There were no material impairment losses in the last three years.
36
10K
BaloiseHoldingLtd-AR_2017
433
Human resources who would recommend Baloise now stands at 85 per cent, putting the Company in the top 25 per cent in its industry.
24
annual_report
5555
1,965
Included in the deferred income tax assets above are approximately $12.5 million in state net operating loss carryforwards attributable to certain jurisdictions, which are available to offset future taxable income in the respective state jurisdictions, expiring between 2019 and 2038.
40
10K
5183
938
Intangible assets with definite lives are amortized based on the estimated pattern in which the economic benefits are expected to be consumed or on a straight-line basis over their estimated economic lives. Intangible assets with definite lives are reviewed for impairment when events or changes in circumstances indicat...
88
10K
AegonNV-AR_2014
1,985
The new legislation has been adopted by the Dutch Senate on
11
annual_report
fr_axa-AR_2005
3,185
A small number of the contracts are classified as investment contracts without discretionary participating features and are accounted for differently under IFRS. In accordance with IAS 39, these contracts are accounted for using the “deposit accounting” method (see comments in point 2.3.1. about reconciliations between...
68
annual_report
AegonNV-AR_2019
2,245
 The vesting schedule of the Variable Compensation award is changed into one upfront Cash part of 33 1/3% and one deferred Share part of 66 2/3%. The Shares cliff-vest after 3 years and are subject to an additional holding period of 2 years. Previously the vesting schedule paid the Variable
51
annual_report
3445
2,029
The following table presents merger-related unamortized fair value adjustment and the related effective interest rate:
15
10K
HiscoxLtd-AR_2020
697
Independent Non Executive Director Caroline Foulger (Aged 60) Appointed to the Board: January 2013
14
annual_report
2132
774
The decrease in net investment income in 2002 from 2001 levels is primarily related to changes in reinvestment rates available in the latter half of 2002 as the Company realized the investment gains.
33
10K
PosteItalianeSpA-AR_2015
1,959
As a part of broader rationalisation of the structure of the Poste Italiane Group, the following transactions involving companies under the direct or indirect control of the Parent Company were carried out in 2015:  On 4 February 2015 and 6 February 2015, the boards of directors of Postel SpA and PostelPrint SpA
53
annual_report
HannoverRueckSE-AR_2017
607
Liquidity We generate liquidity primarily from our operational reinsurance business, investments and financing measures. Regular liquidity planning and a liquid investment structure ensure that Hannover Re is able to make the necessary payments at all times. Hannover Re’s cash flow is shown in the consolidated cash flo...
53
annual_report
ch_zurich_insurance_group-AR_2007
802
Each of the above options entitles the holder to subscribe for one share of Zurich Financial Services at the exercise price stated.
22
annual_report
1456
308
(1) Includes a gain of $6.3 million on the partial reduction of the Company's extended earnings liability during the year ended December 31, 1998, which was the result of modifications made to the agreements with the Company's agents and agency managers that relieved the Company of the primary obligation to make extend...
302
10K
3878
1,534
Total restructuring and separation expenses could have a material affect on future results of operations and cash flows.
18
10K
5308
1,049
The interest rate on the Company’s revolving credit facility is periodically adjusted based on the LIBOR rate plus a spread. As a result, its carrying value approximates fair value. See Note 12 - “Revolving Credit Facility.”
36
10K
2202
1,326
At December 31, 2003 and 2002, the carrying value of mortgage loans which were non-income producing for the twelve months preceding such dates was $0.0 million and $13.8 million, respectively. Interest income that would have been recognized on these mortgage loans was $2.2 million for the year ended December 31, 2002.
51
10K
2822
1,402
AFC Capital Trust I, an unconsolidated subsidiary of THG, issued $300.0 million of preferred securities in 1997, the proceeds of which were used to purchase junior subordinated debentures issued by the Company. Coincident with the issuance of the preferred securities, the Company issued $9.3 million of junior subordina...
119
10K
fr_axa-AR_2003
3,706
In respect of significant acquisitions, material accounting differences between French GAAP and U.S. GAAP relate primarily to (i) the different methods of determining the purchase price attributable to the issuance of ordinary shares of AXA and settling / exchanging outstanding employee share options, (ii) the differen...
103
annual_report
NatwestGroupPLC-AR_2008
3,196
Retirement benefits are accruing to one director (2007 – five) under defined benefit schemes. No directors (2007 – one) are accruing benefits under defined contribution schemes.
26
annual_report
5317
938
This reduction in cash flows may reduce funds available to us from policy proceeds, including from the White Eagle Revolving Credit Facility, and may adversely affect our ability to service our indebtedness. Future changes in life expectancies or actuarial tables could have a material adverse effect on the fair value o...
70
10K
2123
623
Premiums include direct writings plus reinsurance assumed less reinsurance ceded to other insurers and are recognized as revenue over the period that coverage is provided using the monthly pro-rata method. Unearned premiums represent that portion of premiums written that are applicable to the unexpired terms of policie...
49
10K
RaiffeisenBankInternationalAG-AR_2017
426
Annual General Meeting On 24 January 2017, an Extraordinary General Meeting passed a resolution on the merger of RBI and RZB with a clear majority. The shareholders also approved the capital increase associated with the merger. RBI’s share capital was consequently increased by issuing new no par value bearer shares (or...
70
annual_report
5438
820
Management does not expect that its internal control over financial reporting will prevent all errors and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Internal control over financial report...
147
10K
NatwestGroupPLC-AR_2015
339
Personal & Business Banking (PBB) comprises two reportable segments: UK Personal & Business Banking (UK PBB) and Ulster Bank RoI.
20
annual_report
ch_zurich_insurance_group-AR_2010
1,145
• Morbidity risk is the risk that policyholder health-related claims are higher than expected.
14
annual_report
5400
850
We frequently review our investment portfolio for declines in fair value. Our process for identifying declines in the fair value of investments that are other than temporary involves consideration of several factors. These factors include (i) the time period in
40
10K
4738
935
The maximum dividend that may be paid without approval of the Insurance Commissioner is limited to the greater of 10% of the statutory surplus at the end of the preceding calendar year or the statutory net income of the preceding calendar year. No dividends were paid by HAIC in 2013 or 2012.
52
10K
4679
1,671
The income approach, which uses the present value of cash flows or earnings.
13
10K
3072
1,050
The actuarially prepared funding amount to the pension plan ranges from the minimum amount the Company would be required to contribute to the maximum amount that would be deductible for tax purposes. Contributed amounts in excess of the minimum amounts are deemed voluntary. Amounts in excess of the maximum amount would...
117
10K
5385
1,088
As of December 31, 2017 and 2016, definite lived intangible assets, net of accumulated amortization, were $3.5 million and $4.1 million, respectively, and were comprised of customer relationships, agent relationships, and tradenames. The Company reviewed internal business unit results, the growth of competitors and the...
72
10K
gb_lloyds_banking_grp-AR_2003
122
Finally, I would like to extend my thanks to our staff for their commitment and support and, in particular, their desire to serve our customers.
25
annual_report
LloydsBankingGroupPLC-AR_2014
882
Loans and advances to customers 314.3 105.7 19.1 30.3 23.5 492.9
11
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006
1,454
In primary insurance, the procedure is substantially influenced by other steering aspects, such as supervisory restrictions and policyholders’ participation in surplus. At the present time, for our primary insurance operations, required risk capital is therefore determined at a legal-entity level, taking these features...
92
annual_report
1010
284
Participation in a marketing and sales partnership with GROUPadvantage offers promising opportunities. This sales arrangement makes Meridian's personal lines products available through franchised independent agencies to Sam's Club members in certain states. Specifically, in October we began marketing our products to Sa...
89
10K
fr_axa-AR_2019
3,941
Certain of our invested assets, for which there is no active trading market or other observable market data, are valued using models and methodologies that involve estimates, assumptions and significant M anagement judgment. During periods of market disruption, a larger portion of our investment assets may be valued us...
150
annual_report
5472
615
Based on accounting practices prescribed or permitted by U.S. insurance regulatory authorities, for all insurance subsidiaries. Claims-paying resources is calculated as the sum of statutory policyholders' surplus, statutory contingency reserve, unearned premium reserves, statutory loss and LAE reserves, present value o...
76
10K
NatixisSA-AR_2018
1,993
Free share plan (corresponding to the value on the allocation date) Annual allocated variable compensation Fixed compensation + fringe benefits in €
22
annual_report
RSAInsuranceGroupPLC-AR_2019
413
· Ongoing training is a crucial component to maintaining high underwriting standards and technical expertise. In 2019, 618 new employees completed our technical induction programmes.
25
annual_report
5662
2,794
Although the obligation of individual reinsurers to pay their reinsurance obligations is based on specific contract provisions, the collectability of such amounts requires estimation by management. The majority of the recoverable balance will not be due for collection until sometime in the future, and the duration of o...
110
10K
AdmiralGroupPLC-AR_2014
1,155
Key principles of Admiral remuneration arrangements The Group is committed to the primary objective of maximising shareholder value over time and ensuring that there is a strong link between performance and reward. This is reflected in the Group’s stated Remuneration Policy of paying competitive, performance-linked and...
95
annual_report
AvivaPLC-AR_2018
4,109
NUPPP (GP) Limited Ordinary Shares 100 NUPPP Nominees Limited Ordinary Shares 100 Opus Park Management Limited Limited By Guarantee 100 Opus Park Management Limited Limited Partnership 100 ORN Capital Services Limited Ordinary Shares 100 Paddington Central III GP Ltd Ordinary Shares 100 Paddington Central III Limited P...
67
annual_report
AdmiralGroupPLC-AR_2016
1,067
Remuneration policy table This table describes the key components of the remuneration arrangements for Executive Directors as approved at the 2015 AGM.
22
annual_report