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fr_axa-AR_1999
4,179
GAAP, goodwill resulting from an acquisition which is associated with the issuance of new shares can be charged directly to retained earnings and reserves with any excess amount recorded as an asset.
32
annual_report
5130
1,347
Currently participating on our standard market property and casualty per-risk and per-occurrence reinsurance ceded programs are Hannover Reinsurance Company, Munich Reinsurance America, Partner Reinsurance Company of the U.S. and Swiss Reinsurance America Corporation, all of which had A.M. Best insurer financial streng...
130
10K
5071
1,571
See Risk Appetite, Limits, Identification, and Measurement - Risk Limits herein for further information on our three-tiered hierarchy of limits
20
10K
gb_lloyds_banking_grp-AR_2014
227
Our key performance indicators have been considered by the Board and identify the most effective output measures for assessing progress towards becoming the best bank for customers and shareholders.
29
annual_report
2360
619
As a result of the hurricanes striking Florida in August and September 2004, we are not in compliance with certain regulatory requirements. To retain our certificates of authority, Florida insurance laws and regulations require that our insurance company subsidiaries, Federated National and American Vehicle, maintain c...
237
10K
AegonNV-AR_2019
99
October Aegon the Netherlands reorganized itself to become a more agile company to improve effectiveness and efficiency of service delivery.
20
annual_report
AegonNV-AR_2017
5,188
The grandfathered restricted Tier 1 and Tier 2 capital instruments are grandfathered such that they are considered as capital under the
21
annual_report
4271
1,326
Insurance affiliates also assume insurance risks of other companies. Life reinsurance assumed represented 3.3% of life insurance in force at December 31, 2010 and reinsurance assumed on life and accident and health products represented .9% of premium income for 2010.
40
10K
1675
598
Effective as of October 1, 2001, the Company entered into a new service agreement with BIC, BSIC and FCIC (the "New Service Agreement"). The New Service Agreement replaced the Service Agreements, as amended by the Letter Agreement. See "Future Trends" below and "Item 13. Certain Relationships and Related Transactions-N...
51
10K
3980
1,375
Leased property and equipment meeting capital lease criteria are capitalized at the lower of the present value of the related lease payments or the fair value of the leased asset at the inception of the lease. Amortization is calculated using the straight-line method based on the term of the lease. During
51
10K
2824
570
As part of the economic capital process a portion of net investment income is credited to the segments based on the level of allocated equity.
25
10K
3451
1,645
The following table provides information regarding amounts in accumulated other comprehensive income that are expected to be recognized as components of net periodic benefit costs during the year ended December 31, 2008:
32
10K
3926
1,099
Medical cost PMPM trend factors are the most significant factors we use in estimating our medical claims payable for the most recent three months. The following table illustrates the sensitivity of these factors and the estimated potential impact on our medical claims payable estimates for the most recent three months ...
55
10K
NatwestGroupPLC-AR_2015
152
Financial inclusion Launched the fee-free Foundation account to better support unbanked individuals in the UK.
15
annual_report
NatixisSA-AR_2008
6,009
Natixis has set up fi ve stock option plans since 2002 which were still outstanding at December 31, 2008. The features of these plans are set out in Note 13.4.
30
annual_report
RSAInsuranceGroupPLC-AR_2009
802
Malcolm Le May 60 – – 60 58 notes: 1. The total figure includes all allowances chargeable to UK Income Tax.
21
annual_report
INGGroepNV-AR_2008
3,209
See Note 12 ‘Shareholders’ equity (parent)/Non-voting equity securities’ in the consolidated annual accounts for additional information, including restrictions with respect to dividend and repayment of capital.
26
annual_report
AegonNV-AR_2010
1,406
General Meeting of Shareholders A General Meeting of Shareholders is held at least once a year. Its main function is to decide matters such as the adoption of annual accounts, the approval of dividend payments and appointments to AEGON’s
39
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2013
277
Global Clients and North America handles our accounts with major international insurance groups and globally operating Lloyd’s syndicates as well as Bermuda comp anies. It also pools our know-how in the North American market. It is responsible for our property-casualty subsidiaries there and for international special l...
52
annual_report
fr_axa-AR_2000
1,564
Holdings in July 2000. On a constant exchange rate and structural basis (and based on ownership of 56%), the contribution to AXA’s consolidated net income decreased by €103 million, primarily due to the strengthening of insurance reserves.
37
annual_report
NatwestGroupPLC-AR_2013
2,867
Debt securities in issue Conduit Other CP Covered Subordinated Total Total notes
12
annual_report
fr_axa-AR_2010
12,195
Average number of working hours per week 37 hrs 36 hrs
11
annual_report
5309
937
If discount rates for the qualified and nonqualified pension plans decreased by 50 basis points, the accrued pension benefit liability would increase by approximately $195 million as of December 31, 2016 resulting in an after-tax decrease to shareholders' equity of approximately $125 million.
43
10K
147
340
Diagnostek and its subsidiaries are subject to various claims and lawsuits in the ordinary course of business, none of which is material.
22
10K
fr_axa-AR_2005
291
David Dautresme 1982 – 1986: Chairman and Chief Executive Officer of Crédit du Nord. 1986 – 1999: General Partner of Lazard Frères. Since 1979: Senior Advisor of Lazard Frères.
29
annual_report
ScorSE-AR_2009
2,776
Pursuant to the eighteenth resolution passed by the Extraordinary Shareholders’ Meeting of the Company on 7 May 2008, which decided to authorise the Board of Directors to reduce the share capital by cancellation of treasury shares, the Board of Directors of SCOR, on 3 March 2009, decided to reduce the share capital of ...
72
annual_report
2373
197
MLOA had $43.1 million in commitments under existing mortgage loan agreements at December 31, 2004.
15
10K
2999
823
The Company’s consolidated results of operations include FIS’ results of operations through October 23, 2006. Thus, while a full year of activity is presented for 2005 and 2004, the 2006 results of operations only include activity until October 24, 2006, the closing date of the SEDA.
46
10K
GjensidigeForsikringASA-AR_2017
396
Personal data shall only be used and stored for as long as this is necessary, and they shall be deleted immediately when they are no longer needed, unless special exemptions are authorised by law.
34
annual_report
4769
1,492
defined benefit pension plans and the Chaucer pension plan as of December 31, 2013 and 2012.
16
10K
TopdanmarkAS-AR_2013
130
105B105BIn 2014 the rates of interest on policyholders' savings are further differentiated between each interest rate group. The rate of interest on policyholders' savings, before pension return tax, continues to be 2.0% in the new business interest rate group, in the interest rate groups with low guarantees it is betw...
65
annual_report
3908
1,347
The Company’s methodology in 2008 for calculating reserve ranges around its single point reserve estimate is consistent with that used in 2007. The Company modeled a statistical distribution of potential reserve outcomes over a one year run-off period for each of the approximately 35 lines of business. In doing so the ...
172
10K
NatixisSA-AR_2015
9,239
The payment of the special dividend refl ects Natixis’ wish to award its shareholders any capital that exceeds the Common Equity Tier 1 ratio target if there are no signifi cant acquisitions.
32
annual_report
de_allianz-AR_2010
275
Committees of the Board of Management As of December 31, 2010 (and subsequent changes)
14
annual_report
5163
1,097
Basic net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding for the period (excluding shares subject to repurchase). Diluted net income (loss) per share is computed by dividing the net income (loss) for the period by the weighted average number...
105
10K
5471
1,324
Income Statement - Reporting Comprehensive Income - Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income: In February 2018, the FASB issued amendments which allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from th...
187
10K
StandardLifeAberdeenPLC-AR_2020
1,388
• The impact of the COVID-19 pandemic. This was reflected in reduced revenues for 2020, which directly impacted award outcomes via the scorecard. Note that aside from adapting some personal objectives, no remuneration measures or targets were adjusted as a result of the pandemic; nor was any application made for govern...
78
annual_report
CNPAssurancesSA-AR_2013
364
an improvement in the cost/income ratio to 35.8% from 36.7%. ebit for the year amounted to €2.4 billion. Net profit rose by a further 8.3% to €1 billion.
28
annual_report
4924
877
2012-Net cash used in investing activities of $10.1 million during the year ended December 31, 2012 was attributable to consideration of $6.2 million paid to a partner related to the transfer of two books-of-business, whereby we became the broker of record on the underlying policies for certain Medicare insurance membe...
61
10K
466
485
Fee and commission (non-risk bearing) income in 1995 increased 16% to $32.9 million from $28.5 million in 1994, reflecting increased agency activities. Net investment income increased 39% to $13.3 million in 1995 from $9.5 million in 1994 reflecting a substantially higher level of investment assets due to increased ope...
66
10K
StorebrandASA-AR_2017
2,726
In the Guaranteed Pensions segment, the Group has a signi�cant insurance risk relating to long life expectancy for group and individual insurance agreements. In addition, there is an insurance risk associated with disability and pensions left to spouses and/or children. The disability coverage in Guaranteed Pensions is...
62
annual_report
5568
1,186
Our Marine operating segment’s Commission Expense Ratio decreased due to lower gross commission rates on certain product lines, changes in the mix of business, and greater ceded commission income.
29
10K
865
222
The Company has priced its health products competitively in order to increase its membership base and thereby enhance its strategic position in its market place. The Company currently has one of the largest HMO and managed care enrollments and also the largest network of contract providers of medical care in its servic...
82
10K
AdmiralGroupPLC-AR_2018
2,095
Other segment items: – Intangible and tangible asset additions 43.0 29.8 2.0 2.2 – 77.0 *1 Turnover is an Alternative Performance Measure and consists of total premiums written (including co-insurers’ share) and Other Revenue. Refer to the glossary and note 13 for further information.
44
annual_report
LloydsBankingGroupPLC-AR_2018
3,673
Model update increases of £1.5 billion were driven by model refinements, principally within Retail portfolios
15
annual_report
76
295
Partly in response to these allegations, the Company conducted its own internal review of its accounting practices and financial statements for the years 1990 through 1993. The Company engaged new independent accountants to review its internal controls and to conduct a special audit of the Company's financial statement...
179
10K
SwissReAG-AR_2016
1,479
Management Inc. ̤ Operating Partner Corsair Capital ̤ Member of the Advisory Board of
14
annual_report
StandardLifeAberdeenPLC-AR_2015
1,904
The income statements and cash flows, and statements of financial position of Group entities that have a different functional currency from the Group’s presentation currency have been translated using the following principal exchange rates: statement and cash flows
38
annual_report
gb_prudential-AR_2004
1,493
(v) Non-recourse borrowings issued by investment subsidiaries managed by PPM America include secured senior and subordinated debt. The senior debt is secured on the investments held by the relevant subsidiaries. Interest rates on the senior debt are variable based on a market rate and mostly ranged from 1.57% to 2.38% ...
130
annual_report
RSAInsuranceGroupPLC-AR_2013
2,016
INVESTMENT RISK The Group is exposed to market risk and credit risk on its invested assets. Market risk includes the risk of potential losses from adverse movements in market rates and prices including interest rates, equity prices, property prices and foreign exchange rates. The Group’s exposure to market risks is con...
101
annual_report
4821
820
Table 4 below summarizes the composition of the fair value of fixed maturities, excluding cash and cash equivalents, at December 31, 2013 and 2012, by rating as assigned by Standard and Poor's ("S&P") or Moody's Investors Service ("Moody's"). Fixed maturities consist of predominantly high-quality instruments in corpora...
127
10K
BaloiseHoldingLtd-AR_2017
2,469
purchase / sale of treasury shares – 964,595 964,595 – –
11
annual_report
fr_axa-AR_2000
1,290
The net investment result was €331 million, primarily earned on fixed maturity investments. In 2000,
15
annual_report
4772
873
We expect to realize the full year benefit in 2014 of business commenced during 2013 in California, Florida, Massachusetts, New Hampshire, Ohio, and Tennessee as discussed above.
27
10K
fr_axa-AR_2007
7,789
The Shareholders, having fulfilled the quorum and majority requirements pertaining to extraordinary meetings, hereby grant full authority to the bearer of an original, an extract or a copy of these minutes to comply with all formal publication, filing and other requirements and more generally to do whatever is necessar...
49
annual_report
PosteItalianeSpA-AR_2019
9,312
Connected Parties of Poste Italiane S.p.A.”; iii) update of the “Guidelines on Conflict of Interest”; iv) update of the “Financial Management Guidelines of Poste Italiane”; v) the new “BancoPosta Organisational and Operating Regulations”; vi) the new “Regulation governing BancoPosta RFC’s Contracting out and Outsourcin...
44
annual_report
917
1,573
Management of the duration of investments with respective policyholder obligations is an explicit objective of the life operations' management strategy. The estimated cash flows of insurance policy liabilities based upon internal actuarial assumptions as of December 31, 1998 are reflected in the table below by expected...
56
10K
Sampoplc-AR_2015
1,128
• DivDiversificaersification efftion effects within Grects within Group aroup are positive positive:e: The correlation of the business areas’ reported profits are quite modest as presented in the table Diversification Effect and Group's Internal Capital Adequacy Assessment, 31 December 2015. In particular, Nordea’s pro...
62
annual_report
4517
1,265
We measure our Divested Operations and Services segment profitability based on pretax income. This pretax income is calculated as Divested Operations and Services segment total revenues less Divested Operations and Services segment total expenses. See “-Results of Operations-Divested Operations and Services Reportable ...
55
10K
4062
781
Net investment income for the years ended December 31, 2009, 2008 and 2007 is summarized as follows:
17
10K
1000
676
Lorillard and other cigarette manufacturers continue to be confronted with an increasing level of litigation and regulatory issues.
18
10K
3290
1,060
During the latter half of 2007, the Multi-Sector portfolio experienced stress related to the U.S. subprime mortgage crisis. During the fourth quarter of 2007, the Company downgraded its internal ratings of twelve insured tranches of Multi-sector CDOs (totaling net par exposure of $11.8 billion).
44
10K
ScorSE-AR_2012
5,168
Finite reinsurance treaties, as defined under article L310-1-1 of the French Insurance Code, have to be accounted for under provisions of opinion 2009-12 dated 1 October 2009 issued by the CNC (French accounting standard setter).
35
annual_report
SwissLifeHoldingAG-AR_2011
1,465
At 31 December 2011, if the market value of equity securities and property had been 10% lower, the embedded value would have been CHF 814 million lower (2010: CHF 808 million lower).
32
annual_report
TrygAS-AR_2014
62
Cloudburst in Copenhagen On 30 August, central Copenhagen was hit by a heavy cloudburst. Approx. 2,300 claims were reported, primarily by business owners. As a result of claims prevention measures, the extent of damage was much less than after the cloudburst in 2011.
43
annual_report
5463
647
Investments, available-for-sale at fair value, include bonds with fixed principal payment schedules and mortgage-backed securities which are amortized using the retrospective method. These securities and investments in mutual funds are carried at fair value with the corresponding unrealized appreciation or depreciation...
51
10K
4535
1,668
2010: Reserve strengthening of $52 million pre-tax ($34 million after-tax) was primarily due to adverse interest rate impacts, and to a lesser extent, an update to the lapse assumption for policies that have already taken or may take a significant partial withdrawal.
42
10K
ASRNederlandNV-AR_2016
2,192
Other long-term employee benefits Plans that offer benefits for long-service leave, but do not qualify as a post-employment benefit plan, such as jubilee benefits, are measured at present value using the projected unit credit method and changes are recognized directly in the income statement.
44
annual_report
BaloiseHoldingLtd-AR_2015
644
Andreas Beerli (1951, Switzerland, Dr iur�) has been a member of the Board of Directors since 2011� He studied law at the University of Basel� In 1979 he started working as an underwriter for the German market at Swiss Re� From 1985 to 1993 he performed various managerial roles at Baloise, with the main focus on superv...
170
annual_report
CNPAssurancesSA-AR_2005
74
We completed the Fineco Vita acquisition on 17 February 2005, acquiring 57.5% of its capital from the Capitalia Group, which has retained just under 39%. The business represents a perfect extension of our French business model. The transaction enables us to return to the Italian market, which we left at the end of 2002...
124
annual_report
4437
1,391
In this report, we have presented operating income (loss), which is a “non-GAAP financial measure” as defined in Regulation G. Operating income (loss) represents after-tax operational results without consideration of after-tax net realized investment gains (losses) and foreign exchange losses (gains). In addition, we h...
84
10K
1034
551
Net losses and LAE incurred increased 47.0% and $1,716.3 million for the year ended December 31, 1997, from $1,167.8 million in 1996. On a pro forma basis, 1996 net losses and LAE incurred were $1,675.1 million, resulting in an increase of 2.5%. This increase was primarily attributable to an overall increase in the pro...
73
10K
5690
1,732
For information relating to the Company’s financial condition and results of operations as of and for the year ended December 31, 2017, as well as for the year ended December 31, 2018 compared with the year ended December 31, 2017, see “Management’s Discussion and Analysis of Financial Condition and Results of Operatio...
67
10K
2257
162
The transportation, banking and capital goods sectors had the highest concentration of unrealized losses in our corporate fixed income securities portfolio at December 31, 2003. The gross unrealized losses in these sectors are primarily company specific or interest rate related. While we expect eventual recovery of the...
65
10K
5681
780
Certain of the Company’s derivative contracts contain provisions that adjust the level of collateral the Company is required to post based on the Company’s financial strength rating (or based on the debt rating of the Company’s parent, Ameriprise Financial). Additionally, certain of the Company’s derivative contracts c...
213
10K
SwissReAG-AR_2008
2,019
Australia Swiss Re Australia Ltd 15 100 f Swiss Re Life & Health Australia Ltd 115 100 f
18
annual_report
5753
637
Income before income taxes for 2019 increased 16.9%, or $5.8 million, over 2018, to $40.3 million due to a combination of: (i) the change in estimated acquisition earn-out payables partially offset by (ii) higher intercompany interest charges due to businesses acquired during 2019 and (iii) a decline in other operating...
57
10K
TrygAS-AR_2012
114
We focus on developing our managers and employee competences in accordance with Tryg’s strategy. At a time when there is a keen focus on costs, we attach importance to not hampering investments in competence development, but to strengthening such investments.
40
annual_report
2513
696
We are a holding company and, if our subsidiaries do not make dividend and other payments to us, we may not be able to pay dividends or make payments on our debt securities and other obligations.
36
10K
3249
1,169
Fiona E. Luck, formerly Global Head of Corporate Services, was appointed Chief of Staff. As such, Ms. Luck is responsible for management of the Company’s legal and corporate actuarial functions in addition to her existing role managing a wide range of other holding company functions including Corporate Strategy, Human ...
57
10K
4816
974
partially offset by a decline in the underwriting ratio of 2.1 points. As we experienced premium growth in these states, the ratio
22
10K
5729
1,276
During the years ended December 31, 2019 and December 31, 2018, the Company incurred acquisition-related expenses of $0.0 million and $0.5 million, respectively, which are included in general and administrative expenses in the consolidated statements of operations.
37
10K
5801
965
The Company also invests in LPs, REITs and LLCs. This investment categorization has the potential for higher returns but also the potential for higher degrees of risk, including less than stable rates of returns and may provide less liquidity. These investments are carried at net asset value, as reported by the manager...
63
10K
2261
785
under any primary policy. Honeywell alleges that two primary policies issued by CIC covering 1969-1975 contain occurrence limits but not product liability aggregate limits for asbestos bodily injury claims. CIC has asserted, among other things, which even if Honeywell’s allegation is correct, which CNA denies, its liab...
103
10K
545
546
Cash generated by the Company's insurance subsidiaries is made available to PennCorp principally through periodic payments of principal and interest on surplus debentures issued by PLAIC, Salem Life and Pioneer Security, (collectively, the "Surplus Note Companies"). The amounts outstanding under the surplus debentures ...
94
10K
5803
2,051
Due to the relatively short-term nature of cash and cash equivalents, their carrying amounts are reasonable estimates of fair value. Other invested assets as well as debt obligations are carried at face value and given that there is no readily available market for these to trade in, management believes that face value ...
56
10K
4599
3,197
and its wholly-owned Canadian subsidiaries. Genworth Canada used the proceeds it received from such transactions for general corporate and investment purposes, and/or to fund a distribution to, or a repurchase of common shares from, Genworth Canada’s shareholders.
37
10K
StorebrandASA-AR_2010
821
As per 31 December 2010, total foreign ownership amounted to 49.7 per cent, compared to 51.5 per cent at year-end 2009.
21
annual_report
3770
1,199
Net Investment Income. Net investment income increased $6.7 million or 13.2% from $50.9 million to $57.6 million for the year ended December 31, 2007 and 2008, respectively. The increase resulted from an increase of average invested assets. Average invested assets (excluding equity securities) were approximately $1.3 b...
91
10K
INGGroepNV-AR_2016
3,015
In 2016, the available-for-sale revaluation reserve decreased by EUR 154 million related to the release of previously recognised revaluation reserves, included in the line Unrealised revaluations in 2015, on shares held in VISA Europe Limited. Reference is made to Note 5 ‘Investments’, Note 37 ‘Fair value of assets and...
55
annual_report
5113
2,245
Effective January 1, 2001, Standard ceded to Protective Life, through a reinsurance agreement, Standard’s individual life insurance product line. Standard received a ceding commission of approximately $90 million and transferred to Protective Life approximately $790 million in assets and corresponding statutory liabili...
152
10K
fr_axa-AR_1999
3,859
• Since the 1999 merger with AXA Royale Belge, gross premiums and net income earned by Royale Belge
18
annual_report
3719
428
Management’s assessment of the effectiveness of the Company’s internal control over financial reporting as of December 31, 2008 has been audited by Dixon Hughes PLLC as independent registered public accounting firm, as stated in their report which follows.
38
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008
1,763
I. Land and buildings, including buildings on third-party land (3) 3,732 3,753 –21 –0.6 4,720
15
annual_report
NatixisSA-AR_2020
11,845
26 months May be used by your Board V to decide on these issues and to make offers through private placement*
21
annual_report
StorebrandASA-AR_2017
837
Average daily turnover (1000s of shares) 2,450 2,780 2,820 2,185 2,286 3 511
13
annual_report
4911
4,319
On May 12, 2010, a complaint was filed under seal in the Southern District of New York by an individual (Relator) seeking to assert claims on behalf of the United States against AIG under the False Claims Act. The Relator filed also under seal a first amended complaint on July 28, 2011. The complaint and the first amen...
237
10K
4072
759
International net premiums written decreased in 2009 by $137.4 million, or 6.6%, from 2008 to $1.94 billion. The significant decreases in net premiums written occurred in the London ($103.1 million), Paris ($100.0 million) and Hong Kong ($27.3 million) branches, partially offset by significant increases in TRZ ($46.2 m...
122
10K
ScorSE-AR_2009
3,748
MORTALITY The relative incidence of death of Life insureds or annuitants holding a Life insurance policy.
16
annual_report
2456
2,292
Subordinated debentures included in Equity Security Units were unsecured and subordinated in right of payment to all existing and future senior indebtedness. During August 2004, the Company completed a remarketing of its $230.0 subordinated debentures included in Equity Security Units, as required under the terms of th...
71
10K