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140
square foot home office facility in Okemos, Michigan and to purchase new furniture and equipment.
15
10K
de_allianz-AR_2002
183
J A N R . C A R E N D I
12
annual_report
HiscoxLtd-AR_2014
1,596
The Group’s land and buildings assets relate to freehold property in the UK.
13
annual_report
AvivaPLC-AR_2011
3,754
Actuarial gains from continuing operations 996 1,078 Actuarial gains/(losses) from discontinued operations 11 (79)
14
annual_report
647
363
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated:
35
10K
StorebrandASA-AR_2011
1,896
Realised losses on loans where no provisions have previously been made -7 -1
13
annual_report
NatwestGroupPLC-AR_2012
2,381
Collateral management to ensure that credit risk mitigation remains legally effective and enforceable.
13
annual_report
3990
2,268
The market volatility assumptions for annuitants’ underlying mutual fund investments that are modeled based on the S&P 500, Russell 2000 and NASDAQ Composite are based on the market-implied volatility for these indices for three to seven years grading to historical volatility levels thereafter. For the remaining 56% of...
103
10K
3376
1,028
Net Premiums Earned. Net premiums earned decreased $45.3 million, or 10.3%, to $393.0 million for the year ended December 31, 2006 from $438.3 million for the year ended December 31, 2005. The decrease in net premiums earned was primarily the result of the decrease in net premiums written for the year ended December 31...
64
10K
RSAInsuranceGroupPLC-AR_2015
618
Outlook for 2016 During 2016 the risk team will continue to work with the business to streamline control processes and increase efficiency. They will also focus on monitoring market risks (including the impact of inflation shocks) and IT risks and controls. The external environment and ongoing IT transformation has mad...
56
annual_report
HannoverRueckSE-AR_2015
1,823
By analysing a broad range of observable information it is possible to classify losses as major individual loss events. Measurement of the obligations existing in this connection is carried out using a separate process, which is based largely on contract- specific estimates.
42
annual_report
4419
2,295
Separate account liabilities decreased $1.5 billion primarily as a result of death and surrender benefits outpacing deposits largely from the discontinuance of new sales of variable annuities, as well as unfavorable market performance in 2011.
35
10K
AvivaPLC-AR_2013
434
For more information on our responsibility to our employees, turn to page 46
13
annual_report
2111
3,309
The tables below display the potential impact of a parallel 20% increase and decrease in foreign exchange rates on the valuation of invested assets subject to foreign currency exposure in 10% increments as of December 31, 2003 and 2002. This analysis includes the after-tax impact of translation from transactional curre...
112
10K
1542
1,023
The United States, the Commonwealth of Puerto Rico and various hotels and individuals have sued MetLife Capital Corporation, a former subsidiary of the Company, seeking damages for clean up costs, natural resource damages, personal injuries and lost profits and taxes based upon, among other things, a release of oil fro...
119
10K
2161
701
OTHER EXPENSES. Other expenses decreased $2.8 million, or 80.0%, to $0.7 million in 2003 from $3.5 million in 2002. This net decrease is primarily due to the sale of substantially all the assets of the Company's leasing subsidiary, HNL, effective April 30, 2002 and a decrease in the expenses of MIIX Healthcare Group.
53
10K
SwissReAG-AR_2004
1,896
3.2 Other activities and functions Please refer to the information provided in each director’s biography on page 62–66.
18
annual_report
StorebrandASA-AR_2015
1,088
The write-down period and method are reviewed annually to ensure that the method and period being used both correspond to the useful economic life of the asset. The disposal value is similarly reviewed. Properties are split into components if different parts have different useful economic lives. The depreciation period...
60
annual_report
fr_axa-AR_2017
5,558
Other commitments given totaled €17,308 million at the end of 2017 and mainly consisted of: ■ €5,542 million commitment to private equity funds mainly from France (€1,964 million), Switzerland (€1,027 million), Germany (€1,023 million), Japan (€687 million), the United States (€620 million) and AXA Corporate Solutions ...
190
annual_report
1206
498
During 1998, PXRE experienced savings of $532,000 net for prior-year loss and loss expenses primarily related to the triggering of a retrocessional recovery on a 1994 aviation loss offset in part by adverse development due to the 1997 German, Polish and Czech floods. The loss ratio for 1997 was favorably affected by de...
124
10K
5825
2,951
For the years ended December 31, 2020, 2019, and 2018 there were no surplus contributions made to MGIC or distributions from other insurance subsidiaries to us. Dividends paid by MGIC are shown in table 14.2 below.
36
10K
NatixisSA-AR_2012
5,671
(a) In 2012 attendance fees paid to members of the Board of Directors included a fi xed portion (€10, 000 per year per person) and a variable portion (€2, 000 per Board Meeting per person). The members of the Audit Committee and the Compensation Committee received a fi xed payment (€5, 000 and €3, 000 respectively, €20...
86
annual_report
976
582
Consolidated Statements of Stockholders' Equity for the years ended December 31, 1998, 1997 and 1996
15
10K
AegonNV-AR_2018
339
– those most likely to affect Aegon (its operations, profits or reputation) or its stakeholders (their financial or personal well-being, their businesses, employment etc.). Results from this assessment are incorporated directly into Aegon’s annual strategy, business planning and reporting processes; they help identify ...
146
annual_report
BeazleyPLC-AR_2020
2,045
Borrowings consist of two items. The first is $250m of subordinated tier 2 debt raised in November 2016. This debt is due in 2026 and has annual interest of 5.875% payable in May and November of each year. The second comprises $300m of subordinate tier 2 debt raised in September 2019. This debt is due in 2029 and has a...
70
annual_report
3830
754
The Company did not have any transactions, agreements or other contractual arrangements with an unconsolidated entity that would be considered an off-balance sheet arrangement required to be disclosed pursuant to Item 303(a)(4)of Regulation S-K.
34
10K
878
492
The Company is not aware of any current recommendations by the regulatory authorities, which if implemented, would have a material effect on the Company's liquidity, capital resources or results of operations. The Company's statutory capital exceeds the benchmark capital level under the Risk Based Capital formula for i...
51
10K
2542
982
Consolidated Statements of Income for the years ended December 31, 2002, 2003 and 2004
14
10K
2568
435
The Company's intangible assets are DAC, goodwill and the value of insurance in force. DAC and the value of insurance in force are amortizable.
24
10K
INGGroepNV-AR_2008
2,135
Reference to published price quotations in active markets This category includes financial instruments whose fair value is determined directly by reference to published quotes in an active market. A financial instrument is regarded as quoted in an active market if quoted prices are readily and regularly available from ...
74
annual_report
RSAInsuranceGroupPLC-AR_2009
533
The business review has been prepared to the best of the Directors’ knowledge in order to provide the Company’s shareholders with a fair review of the development and performance of the Company and the Group as a whole, together with a description of the principal risks and uncertainties which may affect the Group. It ...
63
annual_report
ch_zurich_insurance_group-AR_2015
2,800
Transfers out of level 3 – (20) – – (4) – –
12
annual_report
4245
1,064
Bank overdraft decreased $0.9 million, or 9.9%, to $7.4 million as of December 31, 2010, compared with $8.3 million as of December 31, 2009. The bank overdraft relates primarily to losses and LAE disbursements paid but not presented for payment by the policyholder or vendor. The change relates to our payment patterns i...
69
10K
1245
228
Interest is imputed on the unamortized balance of VPIF at a rate of 7.33% for the year ended December 31, 1999, 7.38% for the year ended December 31, 1998, and 7.03% for the period October 25, 1997 through December 31, 1997. In 1999, VPIF was adjusted to increase amortization by $681,000 to reflect changes in the assum...
184
10K
AegonNV-AR_2011
969
Term life insurance pays out death benefits in the event of death of the insured during the term of the contract. Whole life insurance pays out death benefits in the event of death, regardless of the timing of this event. Premiums and amounts insured are established at inception of the contract and are guaranteed. The ...
99
annual_report
AegonNV-AR_2007
722
AEGON USA’s primary insurance subsidiaries include: Transamerica Life Insurance Company, Transamerica
11
annual_report
2255
4,097
The Company may not succeed in implementing its strategy of becoming a major provider of real estate transaction management services.
20
10K
2526
1,107
As of December 31, 2004 and December 31, 2003, 53.9% and 48.3% of our below investment grade bonds are in Category 3, the highest quality below investment grade. Category 6 bonds, those in or near default, represent securities that were originally acquired as long-term investments, but subsequently became distressed. T...
138
10K
4222
1,278
The following table summarizes information related to stock options outstanding and exercisable as of December 31, 2010:
17
10K
DirectLineInsuranceGroupPLC-AR_2020
2,129
Distribution statement This chart shows the overall pay expenditure across all Group employees compared with the total dividend value paid to shareholders in 2019 and 2020.
26
annual_report
2621
1,103
In September 2004, FSA exercised its rights to have the collateral of a defaulted collateralized bond obligation liquidated at a public sale, in which the Company offered the highest bid. The Company acquired the collateral to gain control of the portfolio in order to mitigate future losses. The previously established ...
167
10K
4070
631
our ability and intent to hold the security for a period of time sufficient to allow for recovery in the estimated fair value.
23
10K
2983
1,178
For bonds and equity securities in the General Investment Portfolio and the FP Segment Investment Portfolio, the carrying amount represents fair value. The fair value is generally based on quoted market price or, in the case of the Company’s investment in XLFA, redemption value.
44
10K
Sampoplc-AR_2005
2,000
In the capital markets, 2005 was again a year of syndicated loans. Finnish companies signed new loans worth nearly EUR 14 billion, which is a new record.
27
annual_report
BaloiseHoldingLtd-AR_2005
2,322
Total liabilities from the banking business and bonds liabilities from the insurance business other liabilities liabilities without fixed maturity1
19
annual_report
1684
823
in year 2000 underwriting risks, ceased participation in Lloyd's underwriting risks after year 2000, and managed the run-off of its risk participation in open years of account of Lloyd's reinsurance syndicates.
31
10K
AvivaPLC-AR_2002
1,080
Amortisation of goodwill on associated undertakings (7a) (13) – (13) Reclassification to subsidiary undertakings (24) (28) (52)
17
annual_report
4523
1,753
There are a variety of factors that impact AIG Life and Retirement's businesses, and the life insurance and annuity industry in general, during a prolonged low interest rate environment. Declining interest rates result in higher fair values of assets backing insurance and annuity liabilities and may result in improved ...
106
10K
Sampoplc-AR_2019
290
Redningstjeneste TOPCO A/S. The acquisition price for 100 per cent ownership was EUR 32 million (NOK 325 million) which was paid in cash. The enterprise value amounted to EUR 114 million.
31
annual_report
PhoenixGroupHoldingsPLC-AR_2019
1,484
AUDIT COMMITTEE’S ROLE AND FOCUS 2019 has been a year of continued change for the Group with the ongoing transition activities that have followed the acquisition of Standard Life� The political landscape remained turbulent during the year with sustained uncertainty around the UK’s decision to leave the European Union a...
141
annual_report
NatwestGroupPLC-AR_2009
2,127
Net stable funding ratio* The net stable funding ratio shown below is assessed using the proposed Basel measure. This measure seeks to show the proportion of structural term assets which are funded by stable funding including customer deposits, long-term wholesale funding, and equity. Through the course of 2009, the me...
78
annual_report
3557
5,495
The Company utilizes a risk management strategy that incorporates the use of derivative financial instruments to reduce exposure to interest rate risk, inflation risk, currency exchange risk, and equity market risk. These strategies are developed through the asset/liability committee’s analysis of data from financial s...
61
10K
3313
1,123
In considering the potential sensitivity of the factors and assumptions underlying management’s best estimate of loss and LAE reserves, it is also important to understand that the MPL sector of the property casualty insurance industry is characterized by a relatively small number of claims with a large average cost per...
53
10K
2000
694
It is management’s objective to generally align the cash flow characteristics of assets and liabilities to ensure that the Company’s financial obligations can be met under a wide variety of economic conditions. In meeting the objectives, management may choose to liquidate certain investments and reinvest in alternate i...
68
10K
4252
1,036
In general, our available-for-sale securities are classified as current assets without regard to the securities’ contractual maturity dates because they may be readily liquidated. Our auction rate securities are classified as non-current assets. For comprehensive discussions of the fair value and classification of our ...
67
10K
5602
7,970
(c) Beginning in the third quarter of 2018, the economic effect presented for Policyholder contract deposits - investment-type contracts has been refined to better reflect the economic effect on the balance sheet and is calculated as the change to the estimated fair value from a 100 bps parallel increase in all yield c...
101
10K
5810
1,361
(3) As of December 31, 2020 and December 31, 2019, the maximum exposure to loss for other limited partnership and fund interests includes $141.2 million and $129.1 million, respectively, of debt within certain of our managed international real estate funds that is fully secured by assets whose value exceeds the amount ...
62
10K
5236
1,379
Net investment income increased by $635,000 for the year ended December 31, 2016 as compared to 2015, primarily from the growth of the investment portfolio. Average invested assets for 2016 were $78.7 million compared to $74.9 million for 2015, an increase of $3.8 million, or 5.1%. The increase in the portfolio was pri...
64
10K
TopdanmarkAS-AR_2020
16
• The post-tax profit forecast model for 2021 amounts to DKK 1,000-1,100m, excluding run-off.
14
annual_report
2410
766
We lease space in each of the areas where our health plans and specialty companies operate. We are required by various insurance and regulatory authorities to have offices in the service areas where we provide benefits. We believe our current facilities are adequate to meet our operational needs for the foreseeable fut...
52
10K
5511
2,331
Net favorable reserve development of $86 million in 2017 includes favorable reserve development on ongoing lines of business within Neon recorded in connection with the reinsurance to close agreement entered into in December 2017 for the 2015 and prior years of account, lower than anticipated claim severity in the work...
88
10K
AvivaPLC-AR_2014
623
Longer term investment return was also lower at £112 million (down 17%) as a result of lower reinvestment yields.
19
annual_report
NatixisSA-AR_2003
3,026
1 – Functioning of the Board 1.1 – Composition of the Board of Directors Natexis Banques Populaires has applied the principles of corporate governance for several years. Beginning in 1996, special Board committees were created, and other measures followed pursuant to the recommendations set forth in the Viénot and Bout...
51
annual_report
NatixisSA-AR_2008
4,654
Mr. François Pérol has been nominated as the Chairman of the
11
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2009
230
Wolfgang Strassl Board member responsible for personnel and welfare matters, within the meaning of Section 33 of the german co-Determination act healthcare/human Resources
23
annual_report
NatixisSA-AR_2017
4,127
Since 2016, Natixis has opted for early application of the provisions related to the recognition of gains and losses on financial liabilities designated under the fair value option, as provided for by IFRS 9 “Financial instruments”, adopted by the European Commission on November 22, 2016. According to these new provisi...
96
annual_report
5442
1,020
On January 6, 2011, Atlas adopted a stock option plan (the “Stock Option Plan”) in order to advance the interests of Atlas by providing incentives to eligible persons defined in the plan. In the second quarter of 2013, a new equity incentive plan (the “Equity Incentive Plan”) was approved by the Company’s common shareh...
161
10K
3878
3,048
the risk that aircraft and related assets cannot be disposed of at the time and in a manner desired.
19
10K
gb_prudential-AR_2016
6,686
Prudential’s Articles of Association contain an exclusive jurisdiction provision Under Prudential’s Articles of Association, certain legal proceedings may only be brought in the courts of England and Wales. This applies to legal proceedings by a shareholder (in its capacity as such) against Prudential and/or its Direct...
101
annual_report
1273
721
Less current installments 841,767 2,358,684 ---------- ---------- Bank loans, excluding current installments $6,465,741 $5,862,614 ========== ==========
16
10K
SwissLifeHoldingAG-AR_2008
2,074
Changes from discontinued operations – 1 387 – –24 – 1 411
12
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2003
1,319
Profit for the year, including minority interests in earnings –468 214
11
annual_report
1666
1,163
Diamond Offshore's business primarily consists of operating 45 offshore drilling rigs that are chartered on a contract basis for fixed terms by companies engaged in exploration and production of hydrocarbons. Offshore rigs are mobile units that can be relocated based on market demand. As of December 31, 2001, 28 of the...
74
10K
INGGroepNV-AR_2018
1,377
Conference presentations and face-to-face meetings with investors and/or analysts took place in 34 different cities across the globe.
18
annual_report
nl_ing_grp-AR_2011
2,810
The effective tax rate in 2011 was lower than the weighted average statutory tax. This is mainly caused by exempt income, which was only partly offset by non deductible expenses and write-down of deferred tax assets.
36
annual_report
gb_prudential-AR_2001
1,249
(2000 change of persistency assumption) 15 30 Cost of strengthened assumption for required capital for shareholder backed business (16) – Experience variances and other items (6) 19
27
annual_report
GjensidigeForsikringASA-AR_2018
3,131
Net receipts/payments from sale/acquisition of subsidiaries, associates and joint ventures (28.4) (516.7)
12
annual_report
954
228
In conjunction with the new direct marketing of auto and homeowners insurance, the Company has invested in a new policy processing system that was operational beginning in 1999. The $4.1 million and $8.0 million costs incurred on this system during 1997 and 1998, respectively, were capitalized and will be expensed over...
59
10K
5395
1,775
Our private equity and other investment portfolios are accounted for at fair value with the change in fair value recorded in net investment income, which included net unrealized gains of $24.7 million, $11.5 million and $10.4 million in 2017, 2016 and 2015, respectively.
43
10K
4228
1,836
Recourse for the payment of principal, interest, and other amounts due on the Tailwind notes is limited to the collateral for the Tailwind notes and the other assets, if any, of Tailwind Holdings. The collateral consists of a first priority, perfected security interest in (a) the debt service coverage account (Tailwind...
151
10K
ch_zurich_insurance_group-AR_2012
3,110
In Rest of Europe, embedded value increased by USD 302 million, mainly from positive investment variances as credit spreads narrowed in Italy and Portugal.
24
annual_report
5632
703
During 2018, the Company completed the acquisition of eight businesses for consideration of $58 million, net of cash acquired, and completed the disposition of four business for a net cash outflow of $10 million.
34
10K
INGGroepNV-AR_2009
501
Insurance Europe reacted to the weak economic environment and volatile financial markets in 2009 by derisking its balance sheet, strict expense control and a strategic focus on core products and markets. The derisking initiatives were completed in 2009, whereas cost containment and Back to Basics efforts will continue ...
91
annual_report
5596
1,598
Our fiscal year ends December 31 and, unless otherwise noted, references to years or fiscal are for fiscal years ended December 31.
22
10K
INGGroepNV-AR_2008
860
Ernst & Young may only provide audit and non-audit services to ING Group and its subsidiaries with the permission of the Audit Committee. The Audit Committee has generally pre-approved certain types of audit, audit-related, tax and non-audit services to be provided by ING Group’s external audit firms on an annual basis...
84
annual_report
5374
676
Earned premiums in 2017 were $2.31 billion, $47 million or 2% higher than in 2016, primarily reflecting an increase in net written premiums over the preceding twelve months. Earned premiums of $2.26 billion in 2016 were comparable with 2015.
39
10K
4839
494
Retroactive reinsurance policies provide indemnification of unpaid losses and loss adjustment expenses with respect to past loss events, and related claims are generally expected to be paid over long periods of time. Premiums and limits of indemnification are often very large in amount. Coverages are generally subject ...
120
10K
NatwestGroupPLC-AR_2016
3,306
To support a consistent tone from the top, senior management frequently communicate the importance of the required risk behaviours through various channels, linking them to the achievement of good customer outcomes.
31
annual_report
HannoverRueckSE-AR_2010
1,298
Growth in earnings per share ≥ 10% 2.1% > 100% (117.6%) 8.3%9 > 100%
14
annual_report
2870
1,183
greater than one year, of which there was none at December 31, 2005 and $1.0 million at December 31, 2004 had been in an unrealized loss position for periods greater than 2 years.
33
10K
BaloiseHoldingLtd-AR_2004
535
Including items on the agenda Shareholders’ requests pursuant to Article 699 (3) of the
14
annual_report
HannoverRueckSE-AR_2010
2,178
is determined using acknowledged valuation methods and compared with the carrying value; arising impairments are recognised. Maintenance costs and repairs are expensed.
22
annual_report
4897
1,670
Included in the balance of the liability for unrecognized tax benefits at December 31, 2014, are $307 million of tax positions for which the ultimate deductibility is highly certain, but for which there is uncertainty about the timing of such deductibility, compared with $327 million at December 31, 2013. Because of th...
121
10K
5415
13,238
The fair value of long-term debt is based on market observable data (such as the fair value of the debt when traded as an asset) or is determined using discounted cash flow calculations based on current interest rates for instruments with comparable terms and considers the Company’s own credit risk. The liability for c...
80
10K
INGGroepNV-AR_2008
2,504
Risk types ING’s risk profile measures the following main types of risks that are associated with its business activities: Credit risk: the risk of potential loss due to default by ING’s debtors (including bond issuers) or trading counterparties;• Market risk: the risk of potential loss due to adverse movements in mark...
115
annual_report
NatixisSA-AR_2009
3,210
The €14.7 billion decline in credit risks was attributable for €7.1 billion to the impact of the fi nancial guarantee provided by BPCE and for €7.6 billion to the reduction in gross exposure and exposure to risk.
37
annual_report
AegonNV-AR_2005
12
FINANCIAL INFORMATION CONSOLIDATED FINANCIAL STATEMENTS OF AEGON GROUP 2005 82 Consolidated balance sheet 83 Consolidated income statements 84 Consolidated statement of changes in equity 86 Consolidated cash flow statement 87 Notes to the consolidated financial statements 172 Group companies 174 Remuneration Executive ...
50
annual_report
4595
1,998
Included in the balances at December 31, 2012 and 2011 were $3 million and $2 million, respectively, of unrecognized tax benefits that, if recognized, would affect the annual effective tax rate. Also included in the balances at those dates were $21 million and $35 million, respectively, of tax positions for which the u...
80
10K
fr_axa-AR_2016
7,240
The following table shows liabilities and assets arising from policyholders’ participation and other obligations as of December 31, 2016: (in Euro million) December 31, 2016 December 31, 2015
28
annual_report
NatwestGroupPLC-AR_2018
3,297
RBS International 469 125 594 281 108 389 239 135 374 NatWest Markets 1,510 (68) 1,442 1,077 (27) 1,050 1,296 (84) 1,212 Central items & other 55 270 325 256 195 451 15 214 229
35
annual_report