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NatixisSA-AR_2014
7,622
R defined-contribution plans, which mainly consist of the social security basic pension scheme and the supplementary schemes Agirc and Arco, under which an entity has no obligation to pay a specifi ed benefi t amount. Contributions paid under defi ned contribution plans are expensed in the corresponding period,
48
annual_report
3247
1,330
For investments classified as available for sale, the difference between fair value and amortized cost, net of deferred income taxes, is reported as a component of accumulated other comprehensive income on the Statements of Financial Position and is not reflected in the operating results of any period until reclassifie...
323
10K
SwissReAG-AR_1977
144
Deputy Managers: Messrs. Paul Würsch and Hans H. Zollinger (in advisory capacity); Assistant Managers: Miss Françoise Schulthess and Messrs. Engelbert Betz, Peter Bieri, Pierre Darioli, Fritz Eugster, Max Gasche (in advisory capacity), Georges Haering, Balthasar Heyer, Ernst Hirzel, Ger­ hard Hölzel, Martin Imbach, Kar...
95
annual_report
5347
907
Includes certain restricted stock units with both service and performance-based or market-based vesting criteria granted to our executive officers.
19
10K
2206
918
As of December 31, 2003 and 2002, the majority of SLNY's fixed maturity investments were investment grade, with 96.3% and 98.0%, respectively, of fixed maturity securities classified as Category 1 and 2 by the SVO. SLNY's below investment grade bonds were 3.7% and 2.0% of fixed maturity investments and 3.6% and 2.0% of...
99
10K
AssicurazioniGeneraliSpA-AR_2017
3,709
No complaints pursuant to s. 2408 of the Civil Code were received in the first few months of the 2018 financial year. No reprehensible actions, omissions or irregularities requiring reports to the Regulators emerged from the supervisory activities performed.
39
annual_report
5762
1,294
In March 2006, the California DOI issued an Amended Notice of Non-Compliance to a Notice of Non-Compliance originally issued in February 2004 (as amended, “2004 NNC”) alleging that the Company charged rates in violation of the California Insurance Code, willfully permitted its agents to charge broker fees in violation ...
162
10K
1328
444
The Company's holdings of below investment grade debt securities have increased from $44,974,000 at December 31, 1998, to $70,900,000 at December 31, 1999. This increase is due to downgrades of investment grade debt securities as opposed to purchases of such holdings. Historically, the Company's strong credit risk mana...
78
10K
5611
1,326
Premiums from insurance contracts we underwrite, fees received from segregated funds insurance contracts, and income earned on our invested assets are excluded from the definition of revenues from contracts with customers in accordance with U.S. GAAP.
36
10K
4148
1,637
Credit default swap was entered into in order to generate income by providing default protection in return for a quarterly payment.
21
10K
4532
581
Property Treaty Reinsurance offers catastrophe reinsurance on an excess of loss basis, proportional treaty and excess of loss coverages and crop reinsurance.
22
10K
5411
560
Property and Equipment: Property and equipment are carried at cost, less accumulated depreciation. Depreciation is computed principally by the straight-line method.
21
10K
3152
2,375
liability of the Company in the event the reinsurers were unable to meet their obligations to the Company under the terms of the reinsurance agreements. Reinsurance premiums, commissions, expense reimbursements, benefits and reserves related to reinsured long-duration contracts are accounted for over the life of the un...
105
10K
4905
2,242
Renewal premiums for commercial lines increased 11.3% in 2014, compared to 12.9% in 2013, driven by increases in average premium per policy and steady policy retention ratios. The combined impact of these increases was seen primarily in the
38
10K
HiscoxLtd-AR_2017
1,373
Debt and fixed income securities 18 631,414 1,577,814 651,362 554,359 3,414,949
11
annual_report
2490
3,164
reinsurance, on both a treaty and facultative basis, through reinsurance brokers, as well as directly with ceding companies within the U.S. The U.S. Insurance operation writes property and casualty insurance primarily through general agent relationships and surplus lines brokers within the U.S. The Specialty Underwriti...
140
10K
3865
1,402
From April 1, 2004 through March 31, 2006, the Company had a modified coinsurance arrangement relating to the single premium annuity business sold to the buyer of the retirement benefits business. Under that arrangement, the Company retained the invested assets supporting the reinsured liabilities. These invested asset...
80
10K
2987
2,213
•Effect of pretax reserve reestimates on combined ratio-the percentage of pretax reserve reestimates included in claims and claims expense to premiums earned. This ratio includes prior year reserve reestimates including catastrophe losses.
32
10K
AvivaPLC-AR_2010
3,917
United Kingdom MCEV operating earnings were 38% higher at £1,085 million (2009: £787 million) mainly due to increases in the value of new business and expected returns.
27
annual_report
348
446
Interest expense decreased by 58.2%, or $2.4 million, to $1.7 million for the year ended December 31, 1996, reflecting the effect of reduced average debt outstanding. The Company's average debt outstanding for the year ended December 31, 1996, was approximately $20.4 million compared to $49.6 million in 1995. The weigh...
198
10K
AegonNV-AR_2014
1,901
De Nederlandsche Bank (DNB, the Dutch Central Bank) and monitored management engagement with regulators in the
16
annual_report
NatixisSA-AR_2011
2,853
CREDIT RISK (FOR FURTHER DETAILS REFER TO SECTION [4.2.5.3] OF CHAPTER [4] AND SECTION [3.6.4] OF CHAPTER [3])
18
annual_report
4031
693
Commission and brokerage expenses increased by 6.0% to $68.2 million in 2008 compared to $64.3 million in 2007, principally due to higher commissions on two new programs. Segment other underwriting expenses in 2008 increased to $64.3 million compared to $58.2 million for 2007, primarily due to increased compensation co...
53
10K
PhoenixGroupHoldingsPLC-AR_2019
4,556
Where an accounting policy can be directly attributed to a specific note to the consolidated financial statements, the policy is presented within that note. Each note within the Company financial statements makes reference to the note to the consolidated financial statements containing the applicable accounting policy....
65
annual_report
PowszechnyZakladUbezpieczenSA-AR_2018
1,674
On 3 October 2016 PZU Supervisory Board adopted a resolution (Current Report 61/2016 of 4 October 2016) to approve the PZU Group’s Capital and Dividend Policy for 20162020 (“Policy”). No changes were made in the Policy in 2018.
38
annual_report
4256
1,203
uncertainty around the Company’s ability to measure exposures associated with individual events and combinations of events. This uncertainty could cause actual exposures and losses to deviate from those amounts estimated below, which in turn can create a material adverse effect on the Company’s financial condition and ...
69
10K
SwissReAG-AR_2019
6,427
Our innovative approach to learning has been recognised externally through multiple awards. We are especially proud of the NASSCOM award we received in India, one of our fastest growing locations where learning is crucial to our success (see above). NASSCOM (www.nasscom.in/) is the premier trade body and chamber of com...
74
annual_report
5539
2,709
There are a number of factors that impact the variability in investment income, including interest rates and private equity distributions. Nevertheless, we expect our quarterly net investment income in 2019 to be in the range of $825 million to $835 million, including the expected amortization of the fair value adjustm...
130
10K
1527
425
(v) On January 31, 2001, we completed the sale of the vendor leasing business of Conseco Finance, generating cash proceeds of approximately $180 million; and
25
10K
PosteItalianeSpA-AR_2015
1,679
Receivables due from Ministries and Public Administration entities: Cabinet Office for publisher tariff subsidies 52 103
16
annual_report
fr_axa-AR_1999
3,948
Unrealized investment gains and losses are included in net investment results. This treatment is also used in respect of capital development activity, principally private equity investments of AXA’s US brokerage subsidiary held through Donaldson Lufkin & Jenrette Inc.
38
annual_report
PowszechnyZakladUbezpieczenSA-AR_2020
180
Bank Pekao: Five stars in the rating of Private Banking services awarded by the Forbes monthly
16
annual_report
NatixisSA-AR_2010
5,096
LOOMIS SAYLES MULTISTRATEGY ALPHA MASTER FUND, Ltd (1) (12) Asset Management 0 0 100 100
15
annual_report
Sampoplc-AR_2018
2,445
Expected contributions to the defined benefit plans during 2018 and 2017 9 9 2 3
15
annual_report
NatixisSA-AR_2018
3,837
Impact of phase-in arrangements (59) 18 o/w impact of changes in phase-in rate (31) 0 o/w impact of change in basis subject to phase-in arrangements (28) 18
27
annual_report
5074
1,665
Net Impairment Losses Recognized in Earnings - The Company recognized $2.4 million of OTTI for the year ended December 31, 2014 compared to none in 2013. Following the review of its AFS investments to determine whether declines in fair value below the amortized cost basis were considered other-than-temporary, at Decemb...
95
10K
4581
492
Net cash provided by operating activities during the year ended December 31, 2012 was $28.4 million compared to $25.7 million during the Year ended December 31, 2011. This increase is due to changes in payable and receivable balances that fluctuate in the ordinary course of business. The change in net (loss) income bet...
79
10K
5602
3,960
· a decline in Fixed Annuity base spread income primarily driven by lower reinvestment yields and volumes; and
18
10K
PowszechnyZakladUbezpieczenSA-AR_2016
1,945
Set up of the Witelo Fund Announcement of the PZU dividend policy
12
annual_report
4919
1,148
Our property and casualty and life insurance subsidiaries are required to prepare and file statutory-basis financial statements in conformity with the National Association of Insurance Commissioners ("NAIC") Accounting Practices and Procedures Manual, subject to any deviations prescribed or permitted by the applicable ...
182
10K
3009
821
We define net economic income as net income excluding the after-tax effects of:
13
10K
4437
1,534
(Re)insurance premiums are earned over the period during which we are exposed to the underlying risk, which is generally one to two years with the exception of multi-year policies. Unearned premiums represent the portion of premiums written which is applicable to the unexpired risks under contracts in force.
48
10K
4578
1,064
Given the inherent complexity of the loss reserving process and the potential variability of the assumptions used, the actual emergence of losses could vary, perhaps substantially, from the estimate of losses included in our financial statements, particularly in those instances where settlements do not occur until well...
85
10K
fr_axa-AR_2016
2,217
On a comparable basis, net investment result decreased by €17 million mainly due to the non-repeat of an exceptional realized capital gain of €16 million in 2015.
27
annual_report
4348
1,280
ProAssurance Corporation is a holding company and is a legal entity separate and distinct from its subsidiaries. Because the holding company has no other business operations, dividends from its operating subsidiaries represent a significant source of funds for its obligations, including debt service and dividends. At D...
163
10K
2116
265
(1) Represents a mutual fund called the Capital International Fund (the "Fund") comprised of numerous securities. The Company does not own individual positions in the securities comprising the Fund. At December 31, 2003 there were 219 different securities comprising the Fund.
41
10K
4228
1,965
During 2010, we granted 100,445 units which will be settled in cash ratably over a three year period on the anniversary of the award. The amount payable per unit awarded will be equal to the price per share of Unum Group’s common stock at settlement of the award, and as such, we measure the value of the award each repo...
180
10K
DirectLineInsuranceGroupPLC-AR_2015
329
− risk-reduction techniques, such as hedging foreign currency exposures with forward contracts and hedging exposure to US interest rates with swap contracts
22
annual_report
AegonNV-AR_2014
1,581
The guarantees offered may take several different forms: a minimum level of future lifetime income (immediate or deferred), an income for a defined term, or a minimum return of capital at the end of a defined period. Optional or integrated minimum death benefits are also usually offered. Charges for the guarantees are ...
68
annual_report
SwissReAG-AR_2013
378
our 2013 publication “mind the Risk” used Catnet® to identify and quantify the natural catastrophe risk facing 616 urban areas globally in human and economic terms. the report covers 1.7 billion people and about UsD 34 trillion in economic value — or approximately a quarter of the global population and half of the gros...
67
annual_report
BaloiseHoldingLtd-AR_2008
602
(specialists and team leaders) FL 7 and 8: Clerks FL 9: Employees
12
annual_report
2794
559
Benefit reserves for universal life insurance and interest sensitive life insurance products are computed under a retrospective deposit method and represent policy account balances before applicable surrender charges. Policy benefits and claims that are charged to expense include benefit claims in excess of related pol...
73
10K
PosteItalianeSpA-AR_2019
2,007
Consistent with previous years, the Management Review and Succession planning processes were implemented in 2019, respectively for the mapping of the management population and the identification of successors.
28
annual_report
2895
2,581
Earnings effects of derivatives. The table that follows provides additional information about the earnings effects of derivatives. In the context of hedging relationships, “effectiveness” refers to the degree to which fair
31
10K
3918
636
Since commitments may expire unused, the amounts presented in the table above do not necessarily reflect the actual future cash funding requirements. See Note 17 to the Consolidated Financial Statements for a discussion of Gallagher’s funding commitments related to its Financial Services and Corporate Segment and the O...
80
10K
968
240
Net Realized Gains. Net realized gains decreased by $20.1 million, from $30.2 million in 1996 to $10.1 million in 1997, due to the fact that Farmers Life's common stock portfolio was transferred to FGI as part of the 1996 dividend.
40
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2002
1,214
ergo, as a large institutional investor, was also affected by the exceptionally adverse situation on the capital markets, which led to a very poor result from investments of –€515m (+5,088m). On balance, the overall result for the year after tax was –€1,125m (+655m).
43
annual_report
5286
893
In evaluating the ability to recover deferred tax assets, our management considers all available evidence, including taxable income in open carry back years, the existence of cumulative losses in the most recent years, forecasted earnings, future taxable income exclusive of reversing temporary differences and carryforw...
192
10K
240
1,405
Health-Care One maintains its offices in San Diego, California, under a lease agreement expiring January, 1999.
16
10K
AssicurazioniGeneraliSpA-AR_2014
3,146
Net unrealized gains and losses on hedge of a net investment in foreign operations -1 0
16
annual_report
NatixisSA-AR_2008
851
(1) Philippe Dupont has expressly waived the subscription options that were granted to him in 2008 in relation to his functions within BFBP.
23
annual_report
1849
1,606
The fair value of each option is estimated on the balance sheet date for non-vested options and on the vesting date for vested options using a Black-Scholes option-pricing model with the following weighted average assumptions used for grants in 2001:
40
10K
AssicurazioniGeneraliSpA-AR_2017
693
Reinsurance deposits decreased from 7,680,393 thousand to 6,927,863 thousand. Within the life line, reinsurance deposits decreased from 7,275,871 thousand to 6,863,078 thousand, due primarily to the ongoing con-
28
annual_report
INGGroepNV-AR_2019
5,020
Group believes that the presentation of underlying net result helps investors compare its segment performance on a meaningful basis by highlighting result before tax attributable to ongoing operations and the underlying profitability of the segment businesses. Underlying result is derived by excluding from IFRS the fol...
55
annual_report
3564
1,162
Our revenues and operating performance will fluctuate due to statutorily approved assessments that support property and casualty insurance pools and associations.
21
10K
fr_axa-AR_2014
1,951
Gross revenues increased by €82 million (+4%) to €2,259 million. On a comparable basis, gross revenues increased by €86 million (+4%) primarily due to higher investment management fees (+6%) resulting from a 5%
33
annual_report
TrygAS-AR_2011
352
Tryg’s primary focus is to run a profitable insurance business, and Tryg’s investment activities must therefore support this aim insofar as is possible. This means that the investment strategy is based on low investment risk and that the majority of the investment assets are secure investment assets, primarily bonds.
49
annual_report
AdmiralGroupPLC-AR_2019
3,400
Classification. Trade and other receivables are measured at amortised cost, being made up of multiple types of receivable balances.
19
annual_report
NatixisSA-AR_2020
7,929
Impact on income of leasing transactions as lessee14.1.1 The net amount of rights-of-use relating to lessee leases amounts to €898 million as of December 31, 2020 (€1,023 million as of December 31, 2019) of which €897 million (€1,011 million as of December 31, 2019) relating to property leases (see Note 7.10).
51
annual_report
nl_ing_grp-AR_2014
6,588
ING Bank has seen many of its Large Corporate customers obtain funding from capital markets in the course of 2014. This often leads to large undrawn commitments with ING Bank. These stand-by commitments are usually for top rated Corporates which have historically shown a reluctance to draw these facilities. In 2014, an...
85
annual_report
2945
1,078
Our summarized results of operations for our Other segment for the years ended December 31, 2005 and 2004 are as follows:
21
10K
RSAInsuranceGroupPLC-AR_2015
1,835
• prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Group and Parent Company will continue in business.
26
annual_report
INGGroepNV-AR_2005
248
The value of new business written by Insurance Asia/Pacific was EUR 373 million, up 16.2% compared with 2004, driven by strong sales and higher margins at almost all business units. South Korea made a particularly strong contribution with the robust sales volumes, favourably influencing the value of new business. The i...
73
annual_report
AssicurazioniGeneraliSpA-AR_2018
935
In the United States, a slowdown in the current expansion stage is forecast owing to the more restrictive monetary policy and the failed tax stimulus. The labour market, at the full employment level, will continue to sustain growth in salaries. The Federal Reserve announced a less aggressive path of standardization of ...
74
annual_report
2512
954
Acting Chief Financial Officer Sarbanes-Oxley Act Section 302 Certification dated March 11, 2005, for the Triad Guaranty Inc.’s Annual report on Form 10-K for the year ended December 31, 2004
30
10K
AssicurazioniGeneraliSpA-AR_2015
4,512
Operating EV earnings are equal to the sum of the new business value, the expected existing business contribution (at reference rate and in excess of reference rate), the transfers from VIF and required capital to free surplus (neutral in terms of EV), the operating experience variances, the operating assumption change...
61
annual_report
2266
384
We have audited the accompanying consolidated balance sheets of Comprehensive Care Corporation and subsidiaries as of May 31, 2003 and 2002, and the related consolidated statements of operations, stockholders’ deficit and cash flows for each of the three years in the period ended May 31, 2003. These financial statement...
71
10K
RaiffeisenBankInternationalAG-AR_2012
2,543
Johann Strobl 22 September 2010 31 December 2015 1 Patrick Butler, resigned from membership of the Management Board as of 15 April 2012. 2 Due to the resignment of Patrick Butler the Supervisory Board appointed Klemens Breuer as successor for this function for the duration from 16 April 2012 until
50
annual_report
NatixisSA-AR_2012
1,302
Member, Appointments and Compensation Committee First appointed: Board Meeting of 02. 22. 2011 Term expires: 2015 AGM (b)
18
annual_report
fr_axa-AR_2006
1,345
To improve quality while keeping a firm control of costs, AXA is trying to simplify and adapt its processes and organization. In claims handling, costs are limited by tight control over information technology expenditure, measures to reduce claims leakage and anti-fraud initiatives. Going forward, AXA plans to develop ...
66
annual_report
PhoenixGroupHoldingsPLC-AR_2015
1,888
Analysed as: Profit attributable to owners of the parent from continuing operations 201 218
14
annual_report
5760
1,142
Fixed maturities are carried at fair value with unrealized gains and losses, net of deferred taxes, included in shareholders' equity. Net unrealized gains on fixed maturities, net of deferred taxes, amounted to $4.5 million at December 31, 2019, compared to net unrealized losses of $7.0 million at December 31, 2018.
50
10K
LloydsBankingGroupPLC-AR_2002
72
areas despite high levels of competition throughout our business. In retail banking we continue to grow our customer franchise and during 2002 saw income growth of 5 per cent from our retail banking business. Our personal loan and credit card portfolios grew by 15 per cent and by 27 per cent respectively, again showing...
176
annual_report
3802
518
Net losses on investments, before taxes, totaled $47.7 million in 2008 compared to a net gain on investments of $40.1 million last year. These totals include gains and losses from both direct securities trading and investments in limited partnerships. The losses in 2008 are attributable to $11.9 million in fixed maturi...
296
10K
5510
795
During 2018, the Company committed to invest in Barton Springs Music, LLC (“Barton”), which invests in music royalties. Barton makes capital calls to its investors as funds are needed to acquire the royalty rights.
34
10K
gb_prudential-AR_2016
5,682
The supplementary information on pages 325 to 360 was approved by the Board of Directors on 13 March 2017.
19
annual_report
4733
1,218
UnitedHealthcare includes the combined results of operations of UnitedHealthcare Employer & Individual, UnitedHealthcare Medicare & Retirement, UnitedHealthcare Community & State and UnitedHealthcare International because they have similar economic characteristics, products and services, customers, distribution methods...
203
10K
1686
211
Comparison of 2001 to 2000 The Company reported net income applicable to common shares of $27.1 million, or $1.26 per diluted common share, for 2001. The net income per diluted share was up 40% from net income applicable to common shares of $20.5 million, or $.90 per diluted common share, for 2000. The increase in the ...
79
10K
3908
1,455
The loss and loss expense ratio includes net losses incurred in the current year and any favorable or adverse prior year development of loss reserves held at the beginning of the year.
32
10K
4477
499
Interest credited to policyholder account balances includes adjustments for scheduled periodic settlement payments and amortization of premium on derivatives that are hedges of policyholder account balances (“PABs”) but do not qualify for hedge accounting treatment and excludes amounts related to net investment income ...
48
10K
3307
681
On March 12, 2007, Sierra announced that it had entered into an Agreement and Plan of Merger, dated as of March 11, 2007 (the “Merger Agreement”), with UnitedHealth Group Incorporated (UnitedHealth Group) and Sapphire Acquisition, Inc. (Merger Sub), an indirect wholly-owned subsidiary of UnitedHealth Group. The Merger ...
79
10K
BaloiseHoldingLtd-AR_2014
778
The Chairman of the Board of Directors chairs the meetings of both the Board of Directors and the Chairman’s Committee � He also chairs the Investment Committee� He represents the Company externally and, acting in this capacity, maintains contact with government agencies, trade associations and other Baloise stakeholde...
176
annual_report
1908
671
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of FBL Financial Group, Inc. at December 31, 2002 and 2001, and the consolidated results of its operations and its cash flows for each of the three years in the period en...
66
10K
INGGroepNV-AR_2008
2,550
The table below shows the build up of ING Group Economic Capital. Please refer to the bank and insurance paragraphs below for further explanation on the respective EC numbers.
29
annual_report
BaloiseHoldingLtd-AR_2012
42
We are delighted that Baloise has been able to act as a reliable and safe partner to our employees, customers and shareholders for so long. On behalf of the entire workforce we would like to thank you for the trust and confidence that you place in us year after year.
50
annual_report
1872
1,819
Purchase of property and equipment (1,876 ) (2,527 ) (1,931 )
11
10K
5099
922
Amortized cost and fair value of the fixed maturities in the Company’s investment portfolio were as follows:
17
10K
NatixisSA-AR_2020
9,848
The preparation of the consolidated financial statements also relies on: the use of a direct consolidation method, rolled out throughout theV Group, allowing for the analysis and control of the consolidation packages of each consolidated company via a formal review process; preparation of consolidated financial stateme...
166
annual_report
4523
1,566
(c) See tables below for details of prior year development by business unit, accident year and major class of business.
20
10K
169
347
Items of income or loss and premiums and expenses attributable to insurance underwriting activities are determined as of the end of each calendar quarter and are allocated to the Participating Stockholders' capital accounts.
33
10K