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1167
297
To the Board of Directors and Stockholders of TRANSATLANTIC HOLDINGS, INC.:
11
10K
ASRNederlandNV-AR_2010
1,288
The life and non-life segments have different levels of profitability and growth opportunities, as well as a different outlook and risk profile.
22
annual_report
AegonNV-AR_2013
3,558
Investment contracts for account of policyholders 2) 20,342 5,192 - - 2 25,536 1 Borrowings include debentures and other loans, short term deposits, bank overdrafts and commercial paper; refer to note 41 for more details. 2 Excluding investment contracts with discretionary participating features.
43
annual_report
5836
995
quality sunglasses, and a minority representation on their board of directors. Maui Jim’s chief executive officer owns a controlling majority of the outstanding shares of Maui Jim. We carry this investment at the holding company level as it is not core to our insurance operations. Our investment in Maui Jim was $90.9 m...
87
10K
5108
1,030
General and Administrative Expense Ratio: The general and administrative expense ratio increased slightly from 16.1% in 2014, to 16.2% in 2015. The increase in the ratio was primarily driven by lower net earned premiums and was largely offset by lower general administrative expenses primarily due to: adjustments to sen...
95
10K
StorebrandASA-AR_2009
1,886
Profit allocated to insurance policyholders The guaranteed yield on the premium reserve and on the premium fund, as well as the other return for customers is recognised in the profit and loss account as part of the item ‘guaranteed yield and allocation to insurance policyholders’.
45
annual_report
3864
1,232
Since the Company’s formation and through December 31, 2008, it has completed 263 acquisition transactions, including 45 sub-acquisitions. All of these acquisitions have been accounted for using the purchase method, and their related net assets and results of operations were included in NFP’s consolidated financial sta...
98
10K
4357
323
Securities held principally for resale in the near term are classified as trading securities and recorded at fair values. Realized and unrealized gains and losses on trading securities are included in other income. Securities not classified as either trading securities or held-to-maturity securities, securities for whi...
117
10K
gb_prudential-AR_2015
57
The quality of a company’s corporate governance is a strong indicator of how well placed it is to succeed. There can be no sustainable commercial success without it. It will continue to be a focus for us.
37
annual_report
TrygAS-AR_2018
980
Total lease expenses amount to DKK 0m (DKK 26m in 2017). Please refer to note 12 and 24 regarding lease recognised costs according to IFRS 16.
26
annual_report
2367
1,244
The net amortization of deferred policy acquisition costs is affected by new business generation, imputed interest on prior reserves and policy persistency. The amortization of deferred costs is generally offset largely by the deferral of costs associated with new premium generation. However, lower new premium sales du...
72
10K
4447
2,540
The Company categorizes its insurance risks across both property-casualty and life products. The Company’s insurance operations are vested in the ability to add value through the effective underwriting, pooling, and pricing of insurance risks. As such, working under the direction of the Company’s Chief Insurance Risk O...
74
10K
NatixisSA-AR_2019
2,229
Natixis’ annual and multi-year audit plans are approved by its Chief Executive Officer. The Annual Audit Plan is examined by the Risk Committees of Natixis and BPCE and approved by the Natixis Board of Directors.
35
annual_report
NatixisSA-AR_2011
5,707
5FINANCIAL DATA Consolidated fi nancial statements and notes a) Impact of new laws and regulations
15
annual_report
5714
1,709
computation of life insurance reserves, increased the capitalization rate and extended the amortization period for policy acquisition costs, imposed limitations on the deductibility of performance-based compensation to "covered employees" and interest expense, and allowed for the expensing of certain capital expenditur...
132
10K
RSAInsuranceGroupPLC-AR_2013
64
• Younger generations are starting to buy insurance online and gather information via social media.
15
annual_report
4757
1,046
Our shareholders’ equity increased to $6,733.5 million as of December 31, 2012 from $6,071.4 million as of December 31, 2011. This increase was the result of $829.0 million of net income, $154.3 million of unrealized appreciation on investments, net of tax, share-based compensation transactions of $53.5 million, $22.7 ...
81
10K
4251
850
For public common and preferred stocks, American National receives prices from a nationally recognized pricing service that are based on observable market transactions and these securities are disclosed in Level 1. For certain, preferred stock held, current market quotes in active markets are unavailable. In these inst...
99
10K
17
337
Revenues Premiums $ 403.9 10.8% $ 364.6 12.9% $ 322.8 Investment income 29.8 (0.3) 29.9 10.7 27.0 Net realized investment gains 11.6 nm 5.5 (52.2) 11.5 Fees and other income 3.5 (52.1) 7.3 nm 2.6 Total revenues 448.8 10.2 407.3 11.9 363.9
42
10K
de_allianz-AR_2003
769
Group amounted to 28.6 (21.7) billion euros, not including 18,246,052 treasury shares acquired at a purchase price of 4.5 billion euros. Shareholders’ equity was thus 6.9 billion euros higher than in the previous year, which is mainly due to our capital increase, reserves on securities whose prices recovered, and the e...
58
annual_report
AegonNV-AR_2009
4,159
The net amount at risk is defi ned as the present value of the minimum guaranteed annuity payments available to the contract holder determined in 5 accordance with the terms of the contract in excess of the current account balance.
40
annual_report
5756
766
The Company has operating and finance leases for office space and equipment. Our leases have remaining lease terms of one month to 49 months, some of which include options to extend the leases for up to five years. The Company, in determining the present value of lease payments, utilizes either the rate implicit in the...
77
10K
526
241
In accordance with Statement of Financial Accounting Standards (SFAS) No. 115, "Accounting for Certain Investments in Debt and Equity Securities," the Company has classified its investments in fixed maturities and equity securities into two categories, "fixed maturities held to maturity" and "securities available for s...
161
10K
StandardLifeAberdeenPLC-AR_2015
1,774
Items that may be reclassified subsequently to profit or loss: Fair value (losses)/gains on cash flow hedges (1) 1
19
annual_report
5239
1,077
Investment securities totaled $9.8 billion, or 39% of total assets at December 31, 2016, and $9.1 billion, or 37% of total assets at December 31, 2015. Debt securities, detailed below, comprised this entire investment portfolio at December 31, 2016 and 2015. The fair value of debt securities were as follows at December...
56
10K
PosteItalianeSpA-AR_2020
6,082
Income/(expense) recognised in equity - - (159) - - - - - (159)
13
annual_report
5625
1,094
At December 31, 2018, AU$190.0 million and NZ$15.0 million of borrowings were outstanding under Facility B, there were no borrowings outstanding under Facility C and NZ$14.9 million of borrowings were outstanding under Facility D. Accordingly, as of December 31, 2018, zero and NZ$10.0 million remained available for pot...
64
10K
2889
2,650
Excluding the flight attendant and the consolidated West Virginia suits, approximately product liability cases are pending against cigarette manufacturers in U.S. courts. Lorillard is a defendant in approximately 165 of the 385 cases. The Company, which is not a defendant in any of the flight attendant or the consolida...
60
10K
865
346
respective periods. Realized gains and losses are included in investment income. Other sales of short-term investments consisted principally of redemptions from municipal bond funds.
24
10K
ASRNederlandNV-AR_2015
2,808
Net Promoter Score NPS of -10 for interactions awarded to a.s.r. as a group
14
annual_report
PowszechnyZakladUbezpieczenSA-AR_2019
2,472
Graduate of Universitẻ Panthẻon Sorbonne, Ecole des Hautes Etudes en Sciences Sociales (EHESS) and Hochschule für Philosophie in Munich. He is a CFA Charterholder. In 2016, he was head of corporate and investment banking in Germany of PKO Bank Polski, Poland’s biggest bank. He set up PKO’s Frankfurt branch, the first o...
138
annual_report
4864
1,460
The Company's ratings are subject to review and change by the rating organizations at any time and without notice. A downgrade or other negative action by a ratings organization with respect to the financial strength ratings of the Company's insurance subsidiaries could adversely affect sales, relationships with distri...
99
10K
LloydsBankingGroupPLC-AR_2014
94
Capital requirements, though not yet finalised, are much clearer and the significant progress made in improving our capital position means we are now well placed. During the year, the Group met the capital benchmarks set out by the European Banking Authority (EBA) and the Prudential Regulation Authority (PRA) stress te...
68
annual_report
AegonNV-AR_2011
152
� Emerging markets are becoming more important. Economic growth and political reform have opened up new markets in
18
annual_report
2844
1,729
Rent expense was $219 million, $207 million and $115 million in 2005, 2004 and 2003, respectively.
16
10K
AegonNV-AR_2006
2,218
Part 9 of Book 2 of the Netherlands Civil Code has been applied, allowing a simplifi ed format. Certain amounts in prior years have been reclassifi ed to conform to the current year presentation.
34
annual_report
4350
521
Recent accounting pronouncements have been issued including ASC 320, 810, 820, 825, and ASU 2010-06 and 2010-09. For a discussion of these pronouncements, refer to Note 3 of our Consolidated Financial Statements.
32
10K
4851
1,530
2013 to 2012 Annual Comparison. Adjusted operating income increased $199 million, including a $54 million favorable comparative change from the impact of certain changes in our estimated profitability of the business. These changes were based on our annual reviews and updates of assumptions, which resulted in a $27 mil...
110
10K
5595
1,582
Information pertaining to Tandem Awards outstanding at December 31, 2018 is presented below.
13
10K
BaloiseHoldingLtd-AR_2017
3,055
16. EXEMPTIONS DUE TO PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS Because Bâloise Holding ltd has prepared consolidated financial statements in accordance with recognised financial reporting standards (iFRS), in accordance with statutory provisions (article 961d [1] of the Swiss code of obligations [oR]), it has d...
73
annual_report
AvivaPLC-AR_2013
3,908
Year ended 31 December 2012 Total long-term insurance and savings in Poland were down by £114 million, or 23%, to £373 million (2011: £487 million) as a result of lower appetite for unit-linked products and regulatory changes relating to pensions.
40
annual_report
NatwestGroupPLC-AR_2013
517
• Increased costs due to an inability to recruit or retain suitable staff. RBS has communicated expected changes in its organisational structure to members of staff, implementing plans aimed at minimising unexpected staff losses.
34
annual_report
5667
1,379
Net favorable reserve development recognized within our Workers' Compensation Insurance segment reflected overall favorable trends in claim closing patterns primarily in the 2015 and 2016 accident years.
27
10K
INGGroepNV-AR_2012
734
Benelux –91 739 Central and Rest of Europe 170 –198 United States (excl. US Closed Block VA) 928 618 US Closed Block VA –379 –1,273
25
annual_report
422
492
57,244 40,038 Premiums in course of collection 74,693 85,990 Deferred income taxes 214,404 168,941 Separate account assets 5,484,631 3,998,878
19
10K
5733
1,105
January 1, 2021 with early adoption permitted. Initial adoption of ASU 2018-14 is required to be reported on a retrospective basis for all periods presented.
25
10K
1535
424
Professionals Group, Inc. (Professionals Group) is an insurance holding company incorporated under Michigan law on January 31, 1996.
18
10K
HiscoxLtd-AR_2001
136
Investment management At Hiscox we oversee the management of £599m of financial assets. £528m of this represents financial assets attributable to Hiscox plc and Syndicate 33. These funds are managed by external fund managers, supervised by our team at Hiscox Investment Management (HIM). The balance represents funds man...
52
annual_report
5332
745
Our impairment tests require us to make assumptions and judgments regarding the estimated fair value of our reporting units, which include goodwill and other intangible assets. In addition, certain other intangible assets with indefinite lives, such as trademarks, are also tested separately.
42
10K
INGGroepNV-AR_2008
2,960
ECONOMIC CAPITAL ING BANK Economic Capital is defined as the amount of capital that a transaction or business unit requires in order to support the economic risks it originates. In general Economic Capital is measured as the unexpected loss above the expected loss at a given confidence level. Specific measurement by ri...
79
annual_report
TrygAS-AR_2015
594
ORSA (Own Risk and Solvency Assessment) reports, acted in a set-up comprising three lines of defence and appointed a special Risk Committee under the
24
annual_report
NatwestGroupPLC-AR_2017
4,663
€38 million 11.375% perpetual tier two capital (partial redemption) Tier 2 6 —
13
annual_report
HannoverRueckSE-AR_2011
2,748
January 2012 which – in its basic principles and parameters –
11
annual_report
NNGroupNV-AR_2013
1,616
Observable inputs reflect market data obtained from independent sources. Unobservable inputs are inputs which are based on NN Group’s own assumptions about the factors that market participants would use in pricing an asset or liability, developed based on the best information available in the circumstances. Unobservabl...
93
annual_report
4758
12,255
Symetra’s book value per common share excluding unrealized gains and losses from its fixed maturity investment portfolio
17
10K
PosteItalianeSpA-AR_2019
4,785
C7 - Personnel expenses (€5,896 million) Personnel expenses include the cost of staff seconded to other organisations. The recovery of such expenses, determined by the relevant chargebacks, is posted to other operating income. Personnel expenses break down as follows: tab. C7 - Personnel expenses
44
annual_report
AegonNV-AR_2001
859
Benefits and expenses 25,655 25,736 Total benefits and expenses 28,652 27,868
11
annual_report
3734
3,320
(1)Pre-tax yield is calculated as investment income (including dividend income in the case of equity securities) divided by the average of the investment balances at the beginning and end of period and interim quarters.
34
10K
NatwestGroupPLC-AR_2014
5,151
UK PBB stopped offering interest only terms for owner-occupier mortgages from 1 December 2012. This policy is reviewed periodically. Interest only repayment remains an option for buy-to-let mortgages. Exposure to interest only reduced by 5% during 2014.
37
annual_report
NatwestGroupPLC-AR_2017
1,125
 Reviewed the risk profile of the Treasury Function in a focus session held to understand better its position relative to risk appetite, emerging trends, threats and regulatory developments over the following year.
33
annual_report
de_allianz-AR_2013
1,180
StruCture of inveStmentS – portfolio overview Effective from this annual report, we changed the presentation of our investment portfolio in our Group Management Report. From now on, we also include investments of banking and asset management, which were excluded in the former presentation. We believe this will simplify...
112
annual_report
ScorSE-AR_2012
4,469
TRIPRA, and the federal aid that it provides, the U.S. insurance market is still exposed to some significant risks in this area.
22
annual_report
NatwestGroupPLC-AR_2012
5,212
Notes on the consolidated accounts continued 10 Financial instruments - classification The following tables show the Group’s financial assets and liabilities in accordance with the categories of financial instruments in IAS 39 with assets and liabilities outside the scope of IAS 39 shown separately.
44
annual_report
3881
943
In November 2008, the Company sold $1.25 billion of a new series of preferred stock, designated the 2008 Senior Preferred Stock (2008 Senior Preferred), to Loews. The 2008 Senior Preferred accrues cumulative dividends at an initial rate of 10% per year. If declared, dividends are payable quarterly and any dividends not...
66
10K
AvivaPLC-AR_2014
4,525
O ther inform ation Aviva plc Annual report and accounts 2014 | 277
13
annual_report
LloydsBankingGroupPLC-AR_2013
1,859
Directors are responsible for notifying the Chairman and Company Secretary as soon as they become aware of actual or potential conflict situations. In addition, conflicts are monitored as follows: – the Directors are required to complete a conflicts questionnaire on appointment and annually thereafter; – changes to the...
88
annual_report
5590
136
the reliability of assumptions underlying our actuarial models, including life expectancy estimates.
12
10K
INGGroepNV-AR_2020
4,757
ING Group only engages in share-based payment transactions with its staff and directors. Sharebased payment expenses are recognised as a staff expense over the vesting period. A corresponding increase in equity is recognised for equity-settled share-based payment transactions. A liability is recognised for cash-settled...
109
annual_report
3865
1,289
The Company is focused on the development and enhancement of a service model that is capable of meeting the challenges brought on by the increasing product and service complexity and the heightened expectations of health care customers. The Company continues to make significant investments in the development and implem...
69
10K
TopdanmarkAS-AR_2010
438
250m and issued a new subordinated loan of DKK 350m. The difference of DKK 100m is considered to be a safety margin on the expected capital requirement.
27
annual_report
2425
1,847
Amounts recoverable from reinsurers are estimated in a manner consistent with the claim liability associated with the reinsured business. Such recoverables are reported net of an allowance for estimated uncollectible reinsurance recoverables and amounts due from known reinsurer insolvencies. The Company evaluates and m...
64
10K
RSAInsuranceGroupPLC-AR_2012
1,765
7. Alastair Barbour chaired the Group Audit Committee with effect from 1 April 2012. There was a period of overlap with Edward Lea during which time a handover was undertaken resulting in both Directors receiving the additional Chairman’s fee.
39
annual_report
ASRNederlandNV-AR_2019
4,315
of a specified pool of contracts or type of contract, realised and/or unrealised investment returns on a specified pool of assets held by the issuer, or the profit or loss of the company, fund or other entity that issues the contract.
41
annual_report
5555
888
Net investment income in the segment increased $26.7 million, or 5.1%, for the year ended December 31, 2017, as compared to the year ended December 31, 2016. Of the increase in net investment income, $22.3 million resulted from growth in the universal life block of business. Traditional life investment income increased...
53
10K
PowszechnyZakladUbezpieczenSA-AR_2016
1,087
4. The contribution of the banking segment to the operating result of PZU Group amounted to PLN 691 million at the end of 2016.
24
annual_report
NatixisSA-AR_2017
5,950
FINANCIAL DATA Consolidated financial statements and notes 291Natixis Registration Document 2017
11
annual_report
275
415
During 1994, UNUM sold fixed maturities of five issuers classified as held to maturity with an amortized cost of $49.8 million due to evidence of significant deterioration of the issuers' creditworthiness. These sales resulted in a net realized loss of $3.0 million.
42
10K
gb_prudential-AR_2014
3,315
In addition, at 31 December 2014, the Group had entered into repurchase transactions for which the fair value of the collateral pledged was securities of £186 million (2013: cash pledged of £17 million and securities pledged of £524 million).
39
annual_report
INGGroepNV-AR_2007
107
Record date for dividend entitlement Wednesday, 23 April 2008 (NYSE) Monday, 28 April 2008 (NYSE Euronext)
16
annual_report
SwissLifeHoldingAG-AR_2004
32
We have significantly improved results. The significant improvement on the previous year’s results from CHF 233 million to CHF 624 million derives from a very good financial result, reduced costs and risk-based pricing. The net profit earned corresponds to a return on equity of 10.7%. The operating income (before amort...
115
annual_report
4988
1,341
It is not possible to know whether the factors that affected loss reserves in the year ended December 31, 2014 will also occur in future periods. As discussed in detail in this Form 10-K, there are inherent uncertainties in estimating reserves for losses and LAE and we encourage you to read this Form 10-K for more info...
69
10K
5713
2,777
include hedge funds, real estate funds and private equity funds. Real estate funds consist of investments primarily in real estate joint ventures and, to a lesser extent, equity funds. Private equity funds primarily consist of investments in funds whose assets typically consist of a diversified pool of investments in s...
66
10K
Sampoplc-AR_2017
775
The starting point of any compensation mechanism shall be to encourage and stimulate employees to do their best and surpass their targets. Remuneration packages shall be designed to reward fairly for prudent and successful performance. At the same time, however, in order to safeguard the interest of other stakeholders,...
82
annual_report
4612
1,798
We regularly evaluate the amortized cost of our investments compared to the fair value of those investments. We generally recognize impairments of securities when we consider a decline in fair value below the amortized cost basis to be other-than-temporary. The evaluation includes the intent and ability to hold the sec...
64
10K
4051
2,167
Among the multi-sector CDOs purchased by ML III are certain CDO securities with a net notional amount of $1.7 billion for which the related 2a-7 Puts to AIGFP remained outstanding as of December 31, 2008, of which $1.6 billion remained outstanding as of December 31, 2009. In December 2008, ML III and AIGFP entered into...
157
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014
1,435
As a consequence of increasing global dependencies and the rapid spread of technological innovations, events that test the limits of traditional scenario-based risk management are occurring frequently. Both the occurrence of an event and its potential consquences are increasingly difficult to foresee – past examples of...
141
annual_report
StorebrandASA-AR_2010
535
In the retail market, Storebrand Bank is a no fees, direct bank which offers a broad range of banking services to the retail market.
24
annual_report
5207
1,348
Medical operating expenses decreased by $18.1 million, or 4.6%, to $375.3 million. The decrease mostly reflects lower expenses following the change in the Medicaid membership after we elected to decrease the number of regions we serve, from eight regions under an ASO agreement to only two regions when the contract was ...
189
10K
2771
4,478
Harleysville Group recognized adverse development in the provision for insured events of prior years of $12,462,000 and $119,059,000 in 2004 and 2003, respectively, primarily due to greater-than-expected claims severity in commercial lines. The adverse (favorable) development consisted of $16,368,000 and $108,322,000 i...
61
10K
fr_axa-AR_2007
1,991
The table below provides the following information: — gross compensation paid by the Group in respect of 2007
18
annual_report
StandardLifeAberdeenPLC-AR_2006
596
The main options and guarantees within the Canadian business are in respect of minimum investment returns, guaranteed maturity and death benefits, and vested bonuses, which apply to certain investment and insurance contracts.
32
annual_report
4186
708
The valuation of the Company’s marketable equity portfolio is subject to equity price risk. In general, equities have more year-to-year price variability than bonds. However, returns from equity securities have been consistently higher over longer time frames. The Company invests in a diversified portfolio of readily m...
83
10K
4002
695
In addition to the timing of receipts for premiums and ASO fees and payments of benefit expenses, other working capital items impacting operating cash flows over the past three years primarily resulted from changes in the timing of collections of pharmacy rebates as well as the Medicare Part D risk corridor provisions ...
57
10K
StorebrandASA-AR_2002
1,550
Forward Rate Agreements (FRA): Forward Rate Agreements (FRA) are agreements to pay or receive the difference between an agreed fixed rate of interest and the actual rate for a fixed future period of time. This difference is settled at the start of the future interest period. FRA contracts are particularly appropriate t...
59
annual_report
5295
2,288
Equity options - We use equity indexed options to economically hedge fixed indexed annuity products that guarantee the return of principal to the policyholder and credit interest based on a percentage of the gain in a specified market index, primarily the S&P 500. To hedge against adverse changes in equity indices, we ...
91
10K
4225
945
In 2011, Chartis expects to continue to execute capital management initiatives by enhancing broad-based risk tolerance guidelines for its operating units and executing underwriting and reinsurance strategies to improve capital ratios and reduce volatility, increase return on equity by line of business and reduce exposu...
111
10K
NatixisSA-AR_2004
13
Profile 1 Chairman’s and Chief Executive Officer’s messages 2 Natexis Banques Populaires share performance 4
15
annual_report
NatwestGroupPLC-AR_2014
5,135
Notes: (1) As a percentage of mortgage loans. (2) Until June 2014, forbearance in UK PBB included all changes to the contractual payment terms, including those where the customer was up-to-date on payments and there was no obvious evidence of financial difficulty. From July 2014, only customers exhibiting signs of fina...
73
annual_report
1914
701
2003. If the definition of derivative instruments is altered, this may impact LNC’s prospective reported consolidated net income and consolidated financial position. Until the FASB finalizes the Statement 133 Implementation Issue, LNC is unable to determine what, if any, impact it will have on LNC’s consolidated financ...
48
10K
3797
1,478
Our income tax expense and the effective income tax rate for the years ended December 31, 2008, 2007 and 2006 are as follows:
23
10K