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4081
600
Gross unrealized losses on the Company’s investments in below-investment-grade fixed maturities were $14.9 million and $33.4 million at December 31, 2009 and 2008, respectively. At December 31, 2009, the Company had $1,745.3 million of investments in municipal bonds, of which $554.9 million were enhanced with insurance...
111
10K
978
182
Domestic general insurance operations are comprised of the Domestic Brokerage Group, including the domestic operations of Transatlantic Holdings, Inc. (Transatlantic), Personal Lines, including 20th Century Industries (20th Century) and Mortgage Guaranty.
31
10K
NatixisSA-AR_2008
2,337
It is continuously consolidating its core SRI research and asset management capabilities and is progressively extending
16
annual_report
5366
773
The unrealized losses from corporate issuers were caused by interest rate increases. At December 31, 2017, the Company had 27 securities in an unrealized loss position. The corporate securities are highly rated securities with no indicators of potential impairment. Based upon the ability and intent of the Company to ho...
74
10K
5789
729
On July 30, 2019, the Company acquired TRANZACT for consideration of $1.3 billion. The purchase price was allocated to the identifiable assets acquired and liabilities assumed based on their respective fair values, including a customer relationship intangible asset of $612 million and renewal commissions receivables of...
169
10K
2520
1,151
Centennial maintains an allowance for loan losses related to the Company’s loans receivable. During 2004, the Company did not experience a significant change in the underlying components of the allowance for loan losses or the balance in total. There have been no
42
10K
3443
1,320
In the fourth quarter of 2007, we selectively revised weights for the first time. Specifically, for accident years 2003 and 2004, a detailed review of the remaining open claims strengthened our confidence that loss emergence for certain lines of business is significantly better than expected. We therefore began adjusti...
89
10K
RSAInsuranceGroupPLC-AR_2006
348
• In Canada, we launched ‘ClearSky’, commercial wind energy insurance, and have already captured 20% of the market,
18
annual_report
StandardLifeAberdeenPLC-AR_2010
1,044
Operating profit before tax from continuing operations 425 19.0 399 18.1
11
annual_report
StandardLifeAberdeenPLC-AR_2018
1,108
Board appointment process, terms of service and role During 2018, the Board composition was reviewed. In order to assist with determining the right balance of skills, diversity, knowledge and expertise for the Board going forward, IBE were engaged to support and facilitate this. IBE conducted individual interviews with...
51
annual_report
AegonNV-AR_2017
6,154
Based on the procedures performed as set out below, we conclude that the other information: �� is consistent with the financial statements and does not contain material misstatements; �� contains the information that is required by Part 9 of Book 2 of the Dutch Civil Code.
46
annual_report
de_allianz-AR_2002
1,999
Loans and advances to banks and customers 274,906 276,263 300,967 302,201
11
annual_report
4890
728
Consistent with a run-off operating mode, the MI and CCI lines posted further declines in earned premiums. Other adverse factors included the continuation of elevated levels of premium refunds related to claim rescissions and the termination of certain mortgage guaranty pool insurance contracts in 2010. Moreover, mortg...
86
10K
1201
396
Investment gain 5,160 32,449 - Dividends on marketable equity securities 630 409 469 Equity in earnings of unconsolidated affiliates 3,553 4,614 2,304 Net gain on sales of debt and equity securities 1,854 1,154 445 Other 8,493 5,871 3,923 - ------------------------------------------------------------------------------ ...
45
10K
5146
1,724
Commercial mortgage loans of consolidated VIEs valued using the measurement alternative for CCFEs are reflected in Level 2. These investments are based on the more observable fair value of the liabilities of the consolidated VIEs.
35
10K
4324
1,600
Reserves and other policy liabilities-life represents the gross amount of liabilities on our life insurance business, including policyholder account balances on our investment and universal life-type policies, future policy benefit reserves on our traditional life insurance policies and policy and contract claims on ou...
101
10K
gb_lloyds_banking_grp-AR_2000
368
Fees and commissions payable increased by £53 million against 1999, largely as a result of higher interchange fees for card services and increased costs associated with a number of new products.
31
annual_report
NatixisSA-AR_2007
3,291
(excluding €138 million booked to cost of risk), raising the total to €1.220 billion. The crisis also had a €413 million indirect impact on net banking income (deterioration in credit spreads on proprietary portfolios, arbitrage losses linked to volatility, depreciation of LBO portfolios pending syndication, etc.), and...
58
annual_report
4400
834
The distressed markets accounted for 36% of our Primary risk in default at December 31, 2011 while only comprising 19% of the Primary risk in force.
26
10K
AvivaPLC-AR_2012
4,240
Overseas global dividend service  The Global Payments Service provided by Computershare enables shareholders living overseas to elect to receive their dividends in a choice of over 65 international currencies. For further details and fees for this service please visit www.investorcentre.co.uk/faq and select the Divide...
53
annual_report
Sampoplc-AR_2012
1,690
Group’s economic capital. The figure also shows the amount of adjusted solvency capital at Group level comprising Solvency I
19
annual_report
3888
699
Future Policyholder Benefit reserves increased by $441.0 million due primarily to the addition of insurance reserves related to the Primesco acquisition. Property Insurance reserves increased by $11.6 million due primarily to reserves related to Hurricanes Dolly, Gustav and Ike.
39
10K
AdmiralGroupPLC-AR_2019
4,394
Expense Ratio Reported expense ratios are expressed as a percentage of net operating expenses divided by net earned premiums.
19
annual_report
1821
159
For the year ended December 31, 2000 net operating income increased 21% over the prior year. Net operating income for the year ending December 31, 2000 was $44,804,000, compared with $36,988,000 for the year ended December 31, 1999. The increase in net operating income was due to the growth and development of our reins...
61
10K
5524
1,711
Potential Volatility in the Reserve for Loss and Loss Adjustment Expenses: In addition to the factors creating uncertainty in the Company’s estimate of loss and LAE, the Company’s estimated reserve for loss and LAE can change over time because of unexpected changes in the external environment. Potential changing extern...
51
10K
3037
714
Deferred Sales Inducements. Costs related to sales inducements offered on sales to new customers, principally on investment type contracts and primarily in the form of additional credits to the customer’s account value or enhancements to interest credited for a specified period, which are beyond amounts currently being...
108
10K
fr_axa-AR_2014
690
Total Life & Savings New Business APE amounted to €6,477 million, up 2% on a reported basis or up 6% on a comparable basis, with signifi cant growth in all main business lines. The increase in sales in Unit-Linked and G/A Savings products was mainly driven by the success of hybrid products (3)
53
annual_report
AegonNV-AR_2012
1,495
Japan - Aegon Sony Life and SARe Aegon Sony Life reinsures (cedes) 100% of its guarantees on the variable annuities to SARe. SARe has a comprehensive hedging program in place that covers all the major risk dimensions.
37
annual_report
SwissReAG-AR_2006
241
The best prepared reinsurance companies will be those that are strongly capitalised, have an innovative product offering, and have organisationally adapted to the new reality.
25
annual_report
4361
1,364
December 31, 2010 and 2009, respectively. The increase from 2009 to 2010 resulted primarily from improvement in realized gains on our investment portfolio offset partially by a higher loss ratio in 2010.
32
10K
NatwestGroupPLC-AR_2008
434
Average balance sheet and related interest Pro forma 2008 Pro forma 2007
12
annual_report
BaloiseHoldingLtd-AR_2006
201
VORABDRUCK is handled primarily by its own sales staff, assisted by selected brokers. Basler is a
16
annual_report
2915
682
In December 2005, we amended and restated our $1.0 billion five-year revolving credit facility supporting our commercial paper program. We increased the capacity to $1.3 billion and extended the maturity date to December 2010. In October 2005, we executed a $3.0 billion 364-day revolving credit facility to support a $3...
73
10K
551
205
The primary sources of funds available to the Company are premiums, investment income and proceeds from the sale or maturity of invested assets. Such funds are used principally for the payment of claims, operating expenses, commissions, dividends, debt service and the purchase of investments. Cash outflows can be varia...
157
10K
gb_prudential-AR_2009
3,397
Obligations under funding, securities lending and sale and repurchase agreements – 5,572 – 5,572 5,676
15
annual_report
5871
991
Securities with gross unrealized loss positions at December 31, 2020 and 2019, aggregated by investment category and length of time the individual securities have been in a continuous loss position, are as follows:
33
10K
3648
1,208
The decrease in net income available to common shareholders was primarily due to a decrease in income from discontinued operations of $3,168 million, net of income tax. This decrease in income from discontinued operations was principally driven by a gain on the sale of the Peter Cooper Village and Stuyvesant Town prope...
310
10K
5308
1,022
Subsequent to the acquisition date, the Company incurred an impairment loss of $388 resulting from the write-down of lease intangibles and other assets associated with the unexpected closure of one tenant’s business at this property.
35
10K
TopdanmarkAS-AR_2015
582
Pension return tax (35) (473) (509) Transferred to technical result (155) (2,691) (2,846)
13
annual_report
82
261
Net pre-tax investment income was $84,761,000 in 1994, $97,574,000 in 1993 and $94,255,000 in 1992 which produced an increase (decrease) over the prior year of (13.1%) and 3.5% for 1994 and 1993, respectively. Average invested assets decreased 14.0% in 1994 from 1993 and increased 8.8% in 1993 over 1992. Average annual...
134
10K
5221
5,761
Wilmot v. First American Financial Corporation, et al., filed on April 20, 2007 and pending in the Superior Court of the State of California, County of Los Angeles, and
29
10K
NatixisSA-AR_2007
3,250
Natixis’ other business lines enjoyed strong levels of business in 2007 and signifi cantly improved fi nancial performances: Asset Management was spurred by strong growth by the
27
annual_report
3250
1,201
Based upon the provisions of the underlying agreement and the application of the “two class” method to our capital structure, we have not allocated any undistributed net income to the Class C preferred stock since the Class C preferred stockholder’s participation in dividends with the common stockholders was limited to...
57
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007
1,049
In the following, we report on the performance of the Group’s own invest ments, which derive almost entirely from our core business fields of reinsurance and primary insurance. In addition, we provide information on third-party business, where we manage the assets of non-Group institutional investors and private invest...
48
annual_report
nl_ing_grp-AR_2013
1,827
Property developed and under development for which ING Group has the intention to sell the property under development after its completion and where there is not yet a specifically negotiated contract is measured at direct construction cost incurred up to the balance sheet date, including borrowing costs incurred durin...
58
annual_report
de_allianz-AR_2011
1,257
operating profit in the range of € 4.2 bn to € 4.8 bn. operating profit of € 4.2 bn, at the lower end of our target range, mainly due the highest claims from natural catastrophes we have ever recorded.
39
annual_report
SwissLifeHoldingAG-AR_2012
973
Swiss Life – Annual Report 2012 is measured using the fair value model in IAS 40 Investment Property. The amendment provides a practical solution to the problem by introducing a presumption that recovery of the carrying amount will normally be through sale. The amendment applies to annual periods beginning on or after ...
67
annual_report
AvivaPLC-AR_2000
1,034
Assets Total investments 1,314 – 1,314 Additional value of in-force long-term business (24a) 102 – 102 Other assets 147 – 147
21
annual_report
2816
1,067
In September 2003, the Company’s board of directors authorized 750,000 shares of convertible preferred stock, all of which were designated as Series A preferred stock. In September 2003, the Company sold 456,750 shares of Series A preferred stock for cash proceeds, net of issuance costs, of $45.7 million. In June 2004,...
77
10K
712
476
At December 31, 1997, the par value, amortized cost and estimated fair value of investments in mortgage-backed securities summarized by interest rates of the underlying collateral are as follows:
29
10K
4473
8,992
In addition to existing cash and securities, our primary source of liquidity consists of dividends from Phoenix Life. Under New York Insurance Law, Phoenix Life is permitted to pay stockholder dividends to the holding company in any calendar year without prior approval from the New York Department of Financial Services...
238
10K
5869
1,184
We have audited the accompanying consolidated balance sheets of Assured Guaranty Ltd. and its subsidiaries (the “Company”) as of December 31, 2020 and 2019, and the related consolidated statements of operations, of comprehensive income (loss), of shareholders’ equity and of cash flows for each of the three years in the...
106
10K
2134
1,771
identifiers. We have spent approximately $4.2 million, $4.1 million and $0.9 million on compliance matters
15
10K
StorebrandASA-AR_2018
3,154
Environmental requirements for suppliers: Share of contracts on active suppliers where Storebrand has a spend above 1MNOK in procurement and that are certified or fulfill requirements according to one or several of the following environmental certifications: Miljøbas, Eco-Lighthouse, Svanen, ISO 14001, CO2 neutral ISO ...
45
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2013
1,271
Whilst we are in a position to adequately assess the known risks in our portfolio on the basis of current climate research, scientific research into climate change is complex. The political and regulatory environment in which we operate is developing fast and we must remain vigilant with regard to the identification an...
124
annual_report
gb_prudential-AR_2017
3,330
B2.1 Staff and employment costs The average number of staff employed by the Group during the year was: Business operations: Asia 15,477 15,439
23
annual_report
5808
497
Restricted cash increased $3.4 million as a result of restricted trust accounts we hold in connection with the MSI Partnership.
20
10K
PosteItalianeSpA-AR_2019
1,674
Trade receivables and Other receivables and assets 4,845 4,415 430 9.7%
11
annual_report
gb_lloyds_banking_grp-AR_2008
2,187
Based 50 per cent on Group financial targets relating to profit before tax and economic profit
16
annual_report
NatixisSA-AR_2014
1,811
Cumulative number of outstanding subscription options at end of period 0 4,760,945
12
annual_report
LloydsBankingGroupPLC-AR_2015
1,195
The Board spends considerable time reviewing the delivery of the three-year IT resilience investment and digital transformation programmes. IT resilience and cyber security are regularly monitored through the risk dashboard in the reports from the Group Chief Executive and Group Risk Officer and through the work of the...
92
annual_report
3354
1,186
Other non-class action cases regarding these policies include a lawsuit filed on September 14, 2005 in Hawaii captioned AE Ventures for Archie Murakami, et al. v. Conseco, Inc., Conseco Life Insurance Company; And Doe Defendants 1-100, Case No. CV05-00594 (United States District Court, District of Hawaii). This suit in...
107
10K
4900
688
3 The impact of catastrophe losses on the 2012 statutory combined ratio including flood claims handling fees related to Superstorm Sandy was 5.8 points.
24
10K
5893
279
Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the consolidated financial statements. These procedures included testing the effectiveness of controls related to the Company’s estimate of the fair value of embedded derivatives in certa...
161
10K
5284
2,285
Endurance Assurance, Endurance American, Endurance American Specialty and Endurance Risk Solutions are subject to regulation by the Delaware Department of Insurance. American Agri-Business is subject to regulation by the Texas Department of Insurance. Endurance Holdings' Delaware and Texas domiciled entities must maint...
112
10K
fr_axa-AR_2008
6,951
The Management Board recommends that this authorization, which replaces and renders null and void the unused portion of the authorization granted by the Shareholders at their Meeting of April 22, 2008, under the 15th resolution, shall be granted for a period of 18 months, starting from the date of your Meeting.
51
annual_report
NNGroupNV-AR_2017
1,705
Internet of Things A network of devices that can connect to the internet and to each other, allowing the devices to be controlled remotely and data to be transferred. The Internet of Things is among the technologies expected to spur a transformation of the financial services industry.
47
annual_report
4205
1,035
The Company is regularly audited by federal, state and local tax authorities, and from time to time these audits result in proposed assessments. Tax years 2007-2009 remain open to examination by these tax jurisdictions. The Company believes appropriate provisions for all outstanding issues have been made for all jurisd...
53
10K
2665
5,262
A leading developer of software products used in the design and manufacturing of semiconductor devices. The combination of a faltering business cycle and less than expected product renewals caused results to fall significantly short of expectations. The position was liquidated at a loss.
43
10K
3615
1,406
The fixed liabilities included above represented approximately 69% and 66% of the Company’s general account liabilities as of December 31, 2007 and 2006, respectively. The assets supporting the fixed liabilities are monitored and managed within rigorous duration guidelines using scenario simulation techniques, and are ...
54
10K
gb_lloyds_banking_grp-AR_2014
104
For more about corporate governance go to page 62 or visit www.lloydsbankinggroup.com
12
annual_report
4779
1,569
Mortality results were mixed across our products and resulted in a slight increase in operating earnings. The net impact of insurance liability refinements in both 2013 and 2012 decreased operating earnings by $25 million.
34
10K
4184
1,810
The following tables explain changes to Level 3 securities during 2010 and 2009:
13
10K
HiscoxLtd-AR_2007
580
By order of the Board Andrea Rosen Acting Chairman of the Remuneration andNomination Committee Wessex House, 45 Reid Street, Hamilton HM12, Bermuda 3March 2008
24
annual_report
AegonNV-AR_2018
6,137
Total The total amount of remuneration, consisting of the fixed compensation, conditional variable compensation awards, other benefits and pension contributions, for Mr. Wynaendts related to 2018 was EUR 5,015 (2017: EUR 4,683; 2016: EUR 4,538)
35
annual_report
3817
1,594
· The Corporate and Other segment primarily consists of net investment income and expenses not attributable to the segments above (including net investment income on capital). This segment also includes earnings from several non-strategic lines of business (primarily cancer insurance, residual value insurance, surety i...
58
10K
2711
943
Included in 2003 were tax benefits related to the reversal of a tax valuation allowance related to the Company's foreign operations of $5,284,000. Additional information regarding our tax valuation allowance can be found in Note 5 to our consolidated audited financial statements, included herein.
44
10K
DirectLineInsuranceGroupPLC-AR_2018
2,739
The Group has an optional redemption date of 7 December 2027. If the notes are not repaid on that date, a fixed rate of interest per annum will be reset. The notes are direct, unsecured and subordinated obligations of the issuer ranking pari passu and without any preference amongst themselves.
50
annual_report
2048
1,393
these employees were administrative, technology or financial support staff; approximately 52% of these employees were underwriters, claim adjusters and related insurance services staff; and approximately 9% of these employees were in various other positions. During December of 2002, $8 million of accrual was reduced pr...
78
10K
StorebrandASA-AR_2007
1,436
Elimination of internal transactions Internal receivables and payables, internal profits and losses, interest and dividends, etc between group companies are eliminated in the consolidated accounts. Transactions between Storebrand Livsforsikring AS and other units in the group that affect the profit sharing between cust...
53
annual_report
fr_axa-AR_2012
4,227
Credit risks are regularly reviewed by the Management Board of each bank, and are subject to regulation. For instance, AXA
20
annual_report
3202
928
Net losses and loss expenses include current year net losses incurred and adverse or favorable development of prior year net loss and loss expenses reserves. See “-Critical Accounting Policies and Estimates-Reserves for Losses and Loss Adjustment Expenses.”
37
10K
3558
975
Independent pricing sources are used to obtain market values for nearly all of our fixed maturity securities. The pricing service providers utilize valuation models that vary by asset class and incorporate available trade, bid and other market information. Many fixed income securities in the portfolio do not trade on a...
218
10K
2392
3,612
AGC sponsored a voluntary savings plan for its employees, which was merged into the AIG Incentive Savings plan on January 1, 2003.
22
10K
3269
5,384
3 Year Survival Ratio excluding SIP, actively managed & stop loss 7.7
12
10K
4945
997
Actuaries use historical experience and trends as predictors of how losses and LAE will emerge over time. However, historical experience may not necessarily be indicative of how actual losses and LAE will emerge. Changes in case reserve adequacy, changes in minimum case reserves and changes in internal claims handling ...
183
10K
2931
392
Policy acquisition costs, consisting of commissions, premium taxes and other underwriting expenses that vary with, and are primarily related to, the production of business, net of reinsurance commissions, are deferred and amortized as the related premiums are earned. The Company periodically tests that deferred acquisi...
47
10K
HannoverRueckSE-AR_2014
1,452
Agricultural crop and livestock insurance Demand is constantly growing for foodstuffs and agricultural commodities, while the arable land around the world is limited. This encourages investment in agriculture, which coverage requirements are rising in light of the expected increase in extreme weather events due to clim...
90
annual_report
5387
1,500
Loss Development Method (also referred to as the Chain Ladder Method or Link Ratio Method): This method assumes that the losses incurred/paid for each accident year or underwriting year at a particular development stage follow a relatively similar pattern. It assumes that on average, every accident year or underwriting...
251
10K
NatwestGroupPLC-AR_2013
3,854
The most significant risks are credit spread risk, credit (base) correlation risk, index basis risk, default risk and recovery rate risk. In addition, losses due to both hedging costs and hedge slippage are modelled. The overall APR capital charge is floored at 8% of the corresponding standard rules charge for the same...
53
annual_report
1423
151
Salaries and other personnel costs--A summary by segment of the Company's salaries and other personnel costs is as follows:
19
10K
fr_axa-AR_2003
1,730
On this basis, and taking into account future profits as advised by the 2002.12 Directive dated from March 5, 2002, the adjusted solvency ratio is approximately 212% at December 31, 2003, compared to 172% at December 31, 2002.
38
annual_report
AvivaPLC-AR_2018
3,034
(vii) Various all employee share plans The Company maintains a number of active stock option and share award voluntary schemes: a) The global matching share plan b) Aviva Group employee share ownership scheme c) Aviva France employee profit sharing scheme.
40
annual_report
5518
1,503
the write-off of previously capitalized items in Corporate & Other in connection with the sale of MPCG to MassMutual;
19
10K
3589
1,233
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), Unum Group and subsidiaries’ internal control over financial reporting as of December 31, 2007, based on criteria established in Internal Control - Integrated Framework issued by the Committee of Spo...
65
10K
BaloiseHoldingLtd-AR_2013
1,874
FAIR VALUE OF ASSETS AND LIABILITIES FOR OWN ACCOUNT AND AT OWN RISK
13
annual_report
4465
864
Reserve development on prior accident years continued to net to a favorable amount in 2011, as $285 million was recognized, 6 percent less than $304 million in 2010. Approximately 80 percent of our reserve development on prior accident years recognized during 2011 occurred in our commercial casualty and workers’ compen...
105
10K
SwissLifeHoldingAG-AR_2009
3,008
Gain/loss on disposal of operations – 1 034 –47 591 –47 1 625
13
annual_report
AegonNV-AR_2013
1,011
2013 was a year of great regulatory change in the United
11
annual_report
4888
602
· adverse actions of certain funds or their advisers could have a detrimental impact on our ability to sell our variable life and annuity products, or maintain current levels of assets in those products;
34
10K