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NatixisSA-AR_2014
2,193
Natixis’ principal shareholder has a significant influence on certain corporate actions
11
annual_report
4921
1,734
2014 vs. 2013: The increase of 21.8% was largely due to higher current period income related to ARX, our insurance affiliate that writes direct U.S. homeowners' insurance, with more modest favorable variances from several other operating affiliates.
37
10K
RSAInsuranceGroupPLC-AR_2017
246
Note: 1. Customer satisfaction index measured on industry level. 2. Net promoter score.
13
annual_report
5181
1,545
In October 2015, certain of the Life Companies filed a complaint for injunctive and other relief in state court in Illinois seeking a declaration that the Treasurer of the State of Illinois (the “IL Treasurer”) lacks the authority to compel those Life Companies to produce all in-force policy records to the Audit Firm, ...
139
10K
HelvetiaHoldingAG-AR_2012
2,165
Derivative financial assets (incl. hedge accounting) – 6.4 1.8 – – 34.4 42.6
13
annual_report
NatixisSA-AR_2017
299
Natixis has become a major player on the PPP and privatization markets in Australia. For example, it financed several renewable energy projects, such as the Willogoleche wind farm in South Australia and the Daydream and Hayman solar farms in Queensland, as well as the construction of two data centers for Airtrunk. In M...
106
annual_report
de_allianz-AR_2014
644
– German Speaking Countries – Western & Southern Europe – Iberia & Latin America – USA1 – Global Insurance Lines & Anglo Markets – Growth Markets – Allianz Worldwide Partners
30
annual_report
StorebrandASA-AR_2018
980
The Other Segment consists primarily of financing and investment of the Company’s funds. In addition, some minor subsidiaries are reported here.
21
annual_report
fr_axa-AR_2014
5,251
Assets backing liabilities arising from insurance or investment contracts where the fi nancial risk is borne by policyholders are presented in a separate aggregate of the balance sheet so that they are shown in a symmetrical manner to the corresponding liabilities. This presentation is considered more relevant for the ...
89
annual_report
NatixisSA-AR_2008
248
Chairman. Executive Board. Caisse d’Epargne Côte d’Azur 455 Promenade des Anglais BP 297 06205 Nice Cedex
16
annual_report
StorebrandASA-AR_2007
820
Bank’s capital adequacy was 10.5 per cent and was thus above the internal target of 10 per cent.
18
annual_report
5150
1,386
BIG Category 2: Below-investment-grade transactions for which future losses are expected but for which no claims (other than liquidity claims, which is a claim that the Company expects to be reimbursed within one year) have yet been paid.
38
10K
NatixisSA-AR_2003
2,357
(1) The main deductions in respect of permanent timing differences concern the tax-exempt net income of venture capital subsidiaries and subsidiaries which have issued preferred shares, the dividends of which are treated as interest expenses for tax purposes.
38
annual_report
SwissReAG-AR_2009
1,508
The Group’s investments in fixed income and equity securities are classified as available-forsale (AFS) or trading. Fixed income securities AFS and equity securities AFS are carried at fair value, based on quoted market prices, with the difference between original cost and fair value being recognised in shareholders’ e...
68
annual_report
ScorSE-AR_2017
5,244
Scope of subcontracting and consideration in relation with suppliers and subcontractors of their social and environmental responsibility
17
annual_report
fr_axa-AR_2007
2,577
Our insurance and financial services operations are generally conducted through direct and indirect subsidiaries. As a holding company, our principal sources of funds are dividends from subsidiaries and funds that may be raised from time to time through the issuance of debt or equity securities or through bank or other...
51
annual_report
gb_prudential-AR_2016
4,720
CF Prudential Pacific Markets Trust Fund Ordinary shares 97.91% Laurence Pountney Hill, London EC4R 0HH, UK
16
annual_report
2488
372
The Company’s mortgage information segment houses its national operations in a leased 231,000 square foot office building in Dallas, Texas. In 1999, the Company completed the construction of two office buildings in Poway, California. These two buildings, which primarily house the Company’s credit reporting segment, tot...
60
10K
5918
537
See Note R to the Consolidated Financial Statements for additional information regarding non-insurance revenues from contracts with customers.
18
10K
NatwestGroupPLC-AR_2010
2,754
Key points The increase in Non-Core impairments of £1.8 billion accounted for the majority of the increase in credit impairments and write downs in 2010.
25
annual_report
5866
3,157
period to maintain our ownership position of approximately 52.0% and received $23 million in cash. In lieu of continuing with further share buy-backs
23
10K
Sampoplc-AR_2006
1,037
In 2007, the Group will apply the following standards and interpretations published by the IASB in 2005 and 2006 related to the Group’s business: IFRIC 8 Scope of IFRS 2 IFRIC 9 Reassessment of embedded derivatives IFRIC 10 Interim financial reporting and impairment IFRIC 11 IFRS 2 – Group and treasury share transactio...
53
annual_report
ch_zurich_insurance_group-AR_2010
1,011
Analysis by risk type Risk type description 101 Strategic risk 101 Insurance risk 102 Market risk 109 Credit risk 115 Liquidity risk 122 Operational risk 124 Risks to the Group’s reputation 125
32
annual_report
ch_zurich_insurance_group-AR_2007
2,403
Movement in in USD millions funded and unfunded defined benefit pension plan obligation
13
annual_report
5742
1,360
As of December 31, 2019, we are hedging the variability of future cash flows associated with forecasted transactions through the year 2045.
22
10K
PosteItalianeSpA-AR_2019
3,306
� Poste Italiane’s sustainability strategy � Risk management and risk assessment � Cybersecurity, IT Security and Privacy � Privacy violations and data leaks � IT security and cybersecurity breaches � Number of customers involved in IT security breaches
38
annual_report
4970
2,337
During the year ended December 31, 2014, the marine lines incurred $0.2 million of losses and loss expenses from a single notable loss event, Tripoli Airport, which represented 0.1 percentage point of the marine lines loss ratio. In comparison, for the year ended December 31, 2013 the marine lines incurred $1.0 million...
77
10K
3737
1,537
Certain option grants contain provisions whereby the employee continues to vest in the award subsequent to termination due to retirement. Our attribution method for newly granted awards considers all vesting and other provisions, including retirement eligibility, in determining the requisite service period over which t...
53
10K
5239
1,483
state court), Litwin v. Broussard et al., Civ. Act. No. 15CI04054 (Kentucky state court) and Scott v. Humana Inc. et al., C.A. No. 11323-VCL (Delaware state court). The complaints named as defendants each member of Humana’s board of directors, Aetna, and, in the case of the Delaware complaint, Humana. The complaints ge...
263
10K
4489
1,031
•During the second quarter of 2011, we repurchased approximately 1,094,100 shares, at a total cost of approximately $24.9 million.
19
10K
2226
537
The following table sets forth the number of issuers, amortized cost, unrealized losses and market value of fixed maturity securities in an unrealized loss position as of December 31, 2003, listed by the length of time the securities have been in an unrealized loss position.
45
10K
124
72
Financial Statements and Supplementary Data. Incorporated by reference to pages 16 through 27 and page 29 of the Registrant's 1994 Annual Report to Shareholders.
24
10K
AegonNV-AR_2011
1,076
Any amount in excess of this is transferred to the reinsurer.
11
annual_report
de_allianz-AR_2013
3,180
gross/net In insurance terminology the terms gross and net mean before and after deduction of reinsurance, respectively. In investment terminology the term “net” is used where the relevant expenses have already been deducted from the respective income.
37
annual_report
5305
465
sheet or notes to the financial statements. ASU 2016-01 is effective for annual periods beginning after January 1, 2018, including interim periods. Early application is permitted. The Company is has assessed that the adoption of ASU 2016-01 will have no impact on future financial statements and disclosures.
47
10K
5444
941
The Company had non-cash issuances of common stock under its share-based payment plan of $88 million, $73 million and $72 million for the years ended December 31, 2017, 2016 and 2015, respectively. The Company recorded stock-based compensation expense related to restricted stock units, performance stock units and stock...
68
10K
732
236
- We expect to increase operational efficiency during 1998 through enhancements to our internal processes and procedures, including changes to our internal propriety computer systems; and
26
10K
3302
1,180
The following tables set forth the amounts recognized in the Company’s financial statements as a result of the property and casualty subsidiaries’ aggregate 30 percent participation in the pooling agreement and amounts allocated to the reinsurance subsidiary as of December 31, 2007 and 2006:
44
10K
NatixisSA-AR_2019
11,315
By virtue of the authorization granted by the Combined General Shareholders' Meeting of May 21, 2013, resolution seventeen, the Board of Directors decided at its February 18, 2015 meeting to award a total of 95,144 bonus shares to the members of the Natixis Senior Management Committee, including 27,321 shares awarded t...
72
annual_report
5762
946
Consolidated Statements of Shareholders’ Equity for the Years Ended December 31, 2019, 2018, and 2017
15
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2010
2,128
Earnings per share 2010 Prev. year consolidated result attributable to munich Reinsurance company equity holders €m 2,422 2,521 Weighted average number of outstanding shares 185,422,866 194,692,459 earnings per share € 13.06 12.95
32
annual_report
LloydsBankingGroupPLC-AR_2008
2,118
Mr Daniels, Mrs Risley (Group Human Resources Director), Mr Farley (Reward & Employment Policy Director) and Ms Kemp (HR Director, Total Reward) provided guidance to the committee (other than for their own remuneration).
33
annual_report
fr_axa-AR_2015
2,384
Group; ■ was actively involved in the preparation of Board meetings, working closely with Executive Management and other Board members. In particular, he examined, during preliminary sessions, the frequency and the dates of the meetings, ensured the quality of the information delivered to the members of the Board and C...
62
annual_report
AegonNV-AR_2010
3,928
Correlations of market returns across underlying indices are based on historical market returns and their inter-relationships over a number of years preceding the valuation date.
25
annual_report
732
265
In June 1997, the Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 130 (SFAS 130), Reporting Comprehensive Income, and Statement of Financial Accounting Standards No. 131 (SFAS 131), Disclosures About Segments of an Enterprise and Related Information. SFAS 130 and SFAS 131 are...
69
10K
AdmiralGroupPLC-AR_2019
558
The Board receives regular updates on; • all proportional risk sharing agreements including co-insurance and reinsurance contracts
17
annual_report
HiscoxLtd-AR_2007
406
A downgrading of any of the rated entities could have a material adverse impact. TheGroupmight cease to meet the security criteria of brokers, resulting in a loss of new business, policy cancellations and non-renewals. TheGroup’s borrowing facilities might also be subject to review.
43
annual_report
2667
558
•Fixed maturities securities, which are classified as available-for-sale, are reported at current market values, rather than at amortized cost, or the lower of amortized cost or market, depending on the specific type of security, as required by SAP.
38
10K
ScorSE-AR_2019
2,962
Rental income As part of its real estate investment activities described above, SCOR leases its investment properties. The leases generally conform to the local market conditions and have annual indexation clauses for the rental payments. The estimated minimum future rental income is as follows: Minimum rental incomeIn...
49
annual_report
5119
572
The Company has a long-term incentive compensation program for named executive officers pursuant to which an officer may receive an award of up to 45% of such officer’s base salary in the form of share awards which will vest if established Company performance criteria are achieved over a three year period. There were n...
73
10K
CNPAssurancesSA-AR_2011
346
The sovereign debt crisis, coupled with unprecedented financial market volatility, has dented the asset portfolios of institutional investors. At CNP Assurances, we have adjusted our strategy to focus mainly on physical assets generating steady returns. For example, in 2011 we acquired an interest in GRTgaz and signifi...
51
annual_report
StandardLifeAberdeenPLC-AR_2014
1,877
Group accounting policies continued (q) Equity securities, debt securities and derivatives continued (q)(i) Hedge accounting continued change in fair value of the derivative is recognised directly in the cash flow hedges reserve in equity. Any ineffectiveness is recognised immediately in the consolidated income stateme...
79
annual_report
4231
1,355
The CEA is a quasi-governmental organization that was established to provide a market for earthquake coverage to California homeowners. The Company places all new and renewal earthquake coverage offered with its homeowners policies through the CEA. The Company receives a small fee for placing business with the CEA, whi...
147
10K
HiscoxLtd-AR_2020
2,029
The Group also mitigates counterparty credit risk by concentrating debt and fixed income investments in a portfolio of high-quality corporate and government bonds.
23
annual_report
4737
2,160
We operate through five business segments: Insurance - North American P&C, Insurance - North American Agriculture, Insurance - Overseas General, Global Reinsurance, and Life. For additional information refer to “Segment Information” under Item 1.
34
10K
GjensidigeForsikringASA-AR_2014
986
Associates Associates are entities in which the Group has a significant, but not a controlling, influence over the financial and operating policies. Normally this will apply when the Group has between 20 and 50 per cent of the voting power of another entity. Associates are accounted for using the equity method, and are...
113
annual_report
GjensidigeForsikringASA-AR_2020
3,722
Financial assets at fair value through profit or loss, designated upon initial recognition
13
annual_report
5600
1,888
Receivables: Receivables consist primarily of monthly insurance premiums due from individual policyholders or their employers for payroll deduction of premiums, net of an allowance for doubtful accounts. At December 31, 2018, $334 million, or 39.2% of total receivables, were related to Aflac Japan's operations, compare...
53
10K
2112
1,616
As of December 31, 2003, WilTel had aggregate cash and investments of $185,800,000 (excluding investments pledged as collateral), available for use in its operating, investing and financing activities. Substantially all of WilTel's assets have been pledged to secure its outstanding long-term debt, principally to secure...
69
10K
NatixisSA-AR_2003
2,084
(3) Including accrued interest receivable on: 79 130 163 securities held for sale 66 117 143 debt securities held for investment 13 13 20 accrued interest receivable 6 3 3
30
annual_report
HannoverRueckSE-AR_2018
1,273
constantly changing general business environment. Such an imbalance might be caused, for example, by incorrect strategic policy decisions, a failure to consistently implement the defined strategies and business plans or an incorrect allocation of resources. We therefore regularly review our corporate strategy in a mult...
173
annual_report
5559
1,628
Operational risk can result in financial loss, disruption of our business, regulatory actions or damage to our reputation.
18
10K
PowszechnyZakladUbezpieczenSA-AR_2020
2,747
Name (Management Board composition at the end of 2020) In the PZU Group
13
annual_report
2529
5,074
Reduction of accounts receivable for straight-line treatment of rental income totaling $86,000
12
10K
PowszechnyZakladUbezpieczenSA-AR_2013
1,456
This is the risk of incurring a loss or an adverse change in the financial situation to which the PZU Group is exposed, which arises from changes in credibility and creditworthiness of issuers of securities, business partners and any debtors, as a result of which the business partner may fail to meet its obligations or...
60
annual_report
1820
435
On November 1, 2001, the Company entered into a revolving credit facility with National City Bank of Kentucky, Bank One Kentucky, N.A. and Fifth Third Bank (the "Revolving Credit Facility"), and the existing Credit Facility was terminated. The Company's obligations under the Revolving Credit Facility are secured by sub...
181
10K
5701
897
A summary of stock option activity under the plan as of December 31, 2019, 2018 and 2017, and changes in outstanding options during the years then ended is presented below:
30
10K
3304
1,010
Our commercial mortgage loan portfolio consists of mortgage loans collateralized by the related properties and diversified as to property type, location, and loan size. Our mortgage lending policies include limits on the amount that can be loaned to one borrower and other criteria to reduce our risk of default. As of D...
92
10K
AegonNV-AR_2019
1,917
The current Policy contributes to Aegon’s strategy, long-term interests and sustainability through the remuneration of the
16
annual_report
LloydsBankingGroupPLC-AR_2009
5,941
Executive and SAYE schemes: Options granted in the year 13 28
11
annual_report
NatixisSA-AR_2018
12,237
The General Shareholders’ Meeting, deliberating in accordance with the quorum and majority requirements for ordinary business, hereby approves, in accordance with Article L.225-100 of the French Commercial Code, the components of compensation paid or granted to Laurent Mignon, Chairman of the Board of Directors, for th...
78
annual_report
ch_zurich_insurance_group-AR_2007
3,633
82,981) in 2007. Any personal contributions of the Directors to social security systems are included in the amounts shown in the table above.
23
annual_report
ASRNederlandNV-AR_2014
1,658
176a.s.r. 2014 annual report 2014 consolidated financial statements ASR Nederland N.V.
11
annual_report
4139
560
Our cash and cash equivalents of $38.2 million at December 31, 2007 reflected a decrease of $50.2 million from the $88.5 million balance at December 31, 2006. During 2007, $215.3 million of cash was provided from operating activities. Also during this period, $212.3 million of cash was used for acquisitions, $30.6 mill...
77
10K
4279
1,132
maintains a portfolio of dollar-denominated securities, which serve as an economic currency hedge of a portion of our investment in Aflac Japan. Second, we have designated the Parent Company’s yen-denominated liabilities (Samurai and Uridashi notes and yen-denominated loans) as a hedge of our investment in Aflac Japan....
231
10K
4082
962
In the fourth quarter of 2008, the Company took remediation action on an international infrastructure financing transaction for which the performance trends had increased the risk of future losses. The project’s revenue was below original projections and the issuer’s debt was trading at a significant discount. In the f...
124
10K
gb_prudential-AR_2009
3,619
Present value of future profits of acquired investment management contracts, including life assurance contracts classified as financial instruments and investment management contracts under IFRS 4 1 1
27
annual_report
1810
11,724
On March 14, 2002, GAFRI reached an agreement to acquire Manhattan National Life Insurance Company ("MNL") from a subsidiary of Conseco, Inc. for $48.5 million in cash. GAFRI expects to close on this transaction in the second quarter of 2002 and to fund this acquisition with cash on hand and through reinsurance of up t...
116
10K
de_allianz-AR_2002
588
Shareholders’ equity At the end of 2002, the shareholders’ equity of the Allianz Group came to 21.8 billion euros. This figure takes into account 23,588,411 treasury shares, which reduce shareholders' equity and were acquired at a cost of 6.0 billion euros. Overall, shareholders ’ equity was down 9.9 billion euros comp...
87
annual_report
gb_prudential-AR_2014
2,745
† The expected and actual tax rates as shown includes the impact of the held for sale Japan life business. For 2014, the tax rates for Asia insurance and Group, excluding the impact of the held for sale Japan life business are the same. For 2013, the tax rates for Asia insurance and Group, excluding the impact of the h...
72
annual_report
4456
722
Employers Mutual maintains three separate stock option plans for the benefit of officers and key employees of Employers Mutual and its subsidiaries. A total of 1,000,000 shares of the Company’s common stock have been reserved for issuance under the 1993 Employers Mutual Casualty Company Incentive Stock Option Plan (199...
96
10K
4098
3,091
Accrued Investment Income - Due to the short-term until settlement of accrued investment income, the Company believes there is minimal risk of material changes in interest rates or credit of the issuer such that estimated fair value approximates carrying value. In light of recent market conditions, the Company has moni...
64
10K
fr_axa-AR_2001
309
(1) The average of the Noon Buying Rates on the last business day of each full month during the relevant period. (2) Effective January 1, 1999, the French Franc became a component of the Euro. As such, the Euro Noon Buying Rates for the years prior to 1999 are the Noon Buying Rates for the French Franc converted into E...
70
annual_report
1664
321
Although there were positive Separate Account net sales of $1.240 billion (contributions of $2.376 billion less withdrawals of $1.136 billion), growth in the Separate Accounts was minimized by expense disbursements and other changes of $384 million, and in particular, investment losses from stock value declines of $658...
174
10K
gb_prudential-AR_2015
4,682
The Group has provided other guarantees and commitments to third parties entered into in the normal course of business, but the Company does not consider that the amounts involved are significant.
31
annual_report
5720
560
Our U.S. public finance insurance portfolio is managed through National. The financial guarantees issued by National provide unconditional and irrevocable guarantees of the payment of the principal of, and interest or other amounts owing on, insured obligations when due or, in the event National has exercised, at its d...
78
10K
5022
1,245
Limited partnership interests, accounted for using the cost method, represent the Company’s minor ownership interests in pooled investment funds. These funds employ varying investment strategies that principally make private equity investments across diverse industries and geographical focuses. The estimated fair value...
121
10K
2198
626
Declines in the equity market may increase the Company's exposure to benefits under these contracts. For all contracts in effect through July 6, 2003, the Company entered into a third party reinsurance arrangement to offset its exposure to the GMWB for the remaining lives of those contracts. As of July 6, 2003, the Com...
116
10K
PosteItalianeSpA-AR_2015
1,777
Lastly, as of the date of approval of these financial statement, the IASB has issued standards, interpretations, amendments that have not yet been endorsed by the EU and/or that are still in the consultation phase, including: IFRS 9 – Financial Instruments; IFRS 14 - Regulatory Deferral Accounts; IFRS 15 - Revenue from...
95
annual_report
nl_ing_grp-AR_2013
5,131
• ensure IFRS results before tax are sufficient following a 1 in 20 annual risk sensitivity; NN quantifies this risk using sensitivities on the IFRS results before tax.
28
annual_report
Sampoplc-AR_2001
1,084
The creditworthiness of retail customers is assessed by comparing the customer’s income, or that of his or her family, with the living expenses and debt repayment obligations. Uncertainties related to the estimation of creditworthiness are covered by collateral which, in the case of long-term loans, is usually a dwelli...
93
annual_report
2134
3,531
profile. This calculation, approved by the NAIC, incorporates asset risk, underwriting risk, credit
13
10K
4917
11,480
The Company records compensation expense related to awards under these plans over the shorter of the period in which the requisite service is rendered or retirement eligibility is attained. Compensation expense for performance share
34
10K
5472
971
Includes exposure to capital appreciation bonds with a current aggregate net par outstanding of $26 million and a fully accreted net par at maturity of $56 million. Of these amounts, current net par of $20 million and fully accreted net par at maturity of $50 million relate to the COFINA, current net par of $4 million ...
94
10K
4885
1,166
Our Lloyd’s Operations recorded $14.7 million of net reserve releases driven by our Property Casualty and Marine businesses partially offset by strengthening in our Professional Liability business. Within our Property Casualty business we reported net prior period reserve releases of $14.6 million primarily from our En...
103
10K
PosteItalianeSpA-AR_2019
8,392
Interest rate risk is measured internally using the economic value method. This results in a need to develop an amortisation schedule for the funding consistent with its nature and to select a time horizon and confidence levels for the estimates. A maximum time horizon (cut-off point) of 20 years is used for retail cus...
92
annual_report
4839
1,079
Several of our subsidiaries also sponsor defined contribution retirement plans, such as 401(k) or profit sharing plans. Employee contributions to the plans are subject to regulatory limitations and the specific plan provisions. Several of the plans provide that the subsidiary match these contributions up to levels spec...
87
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014
1,293
We use a cross-balance-sheet counterparty limit system valid throughout the Group to monitor and control our Group-wide credit risks. The limits for each counterparty (a group of companies or country) are based on its financial situation as determined by the results of our fundamental analyses, ratings and market data,...
145
annual_report
2624
864
The other corporate bonds category has gross unrealized losses greater than 12 months of $10.3 million at December 31, 2004, including $6.3 million of electrical industry securities. The public utilities category has gross unrealized losses greater than 12 months of $4.0 million. The aggregate decline in market value o...
102
10K
BeazleyPLC-AR_2019
1,296
Clawback Annual bonuses paid in cash may be clawed back for up to three years following payment and LTIP awards may be clawed back for two years following vesting. Clawback may be applied in the event of material misstatement of results in respect of the bonus year or a year in the performance period for the LTIP award...
81
annual_report