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gb_lloyds_banking_grp-AR_2017
131
The index is the outcome of a survey of more than 62,000 colleagues which shows an increasing number of colleagues believe we are committed to becoming the best bank for customers.
31
annual_report
BeazleyPLC-AR_2015
652
A continuing focus for us has been strengthening our ability to take new product ideas more quickly from the drawing board to the underwriting stamp. We have built dedicated teams in both London and the US to co-ordinate the product innovation process, and then to bring all the operational components together for a suc...
56
annual_report
de_allianz-AR_2010
309
II. Requirements relating to the composition of the Board as a whole 1. Specialist knowledge: – At least one member must have considerable experience in the insurance and financial services fields
31
annual_report
PosteItalianeSpA-AR_2019
7,461
Section 4 – Other information 4.1 Intersegment relations Balances relating to transactions between BancoPosta RFC and Poste Italiane SpA (Intersegment transactions) are recognised in the statement of financial position at 31 December 2019 as shown below: (€m) 31/12/2019 of which intersegment 31/12/2018 of which interse...
45
annual_report
2833
1,290
Net premiums written and net premiums earned for the years ended December 31, 2005 and 2004 were as follows ($ in thousands):
22
10K
DirectLineInsuranceGroupPLC-AR_2018
2,259
The current tax charge is based on the taxable profits for the year as determined in accordance with the relevant tax legislation, after any adjustments in respect of prior years. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable o...
69
annual_report
2568
177
Certain of the statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act. The Company's actual results may differ materially from those included in the forward-looking statements. Forward-looking statements are typically i...
145
10K
nl_ing_grp-AR_2016
3,051
Reference is made to Note 51 ‘Other events’, for further information on NN Group divestment transactions.
16
annual_report
de_allianz-AR_2004
1,740
Change in participation certificates and subordinated liabilities 999 (1,943 ) 2,784
11
annual_report
4951
1,299
The maximum length of time we are hedging our exposure to the variability in future cash flows for forecasted transactions, excluding those related to the payments of variable interest on existing financial assets and liabilities, is 5.5 years. At December 31, 2014, we had $67.1 million of net gains reported in AOCI on...
148
10K
NatixisSA-AR_2017
3,542
In 2017, Natixis Global Asset Management (NGAM) changed its name to become Natixis Investment Managers. This reflects the multi-affiliate model of the Asset Management business line, which offers investment solutions from a diversified range of asset managers, combined with advisory and support services that are essent...
72
annual_report
HannoverRueckSE-AR_2000
650
Change in cash and cash equivalents (I.+II.+III.+IV.) 44 996 186 193
11
annual_report
4911
3,997
(b) There were no derivative assets or notionals related to bifurcated embedded derivatives at December 31, 2014. Notional amount of derivative assets and fair value of derivative assets include $23.2 billion and $107 million at December 31, 2013 related to bifurcated embedded derivatives. Notional amount of derivative...
97
10K
5396
852
Valuation of contingent share issuances for compensation and purchase consideration, including estimates of number of shares and vesting schedules;
19
10K
4447
2,006
Strengthened prior year catastrophe reserves, primarily related to a severe wind and hail storm in Arizona during the fourth quarter of 2010. Severity of property damage associated with this event increased more than expected.
34
10K
4459
401
In 2010, we paid approximately $120,000 of our outstanding mortgage balance and borrowed $20,000 on our revolving note collateralized by our office building. During 2010, we repurchased redeemable common shares of $61,000, which was offset by the issuance of redeemable common shares and provider preferred shares relate...
63
10K
DirectLineInsuranceGroupPLC-AR_2018
3,045
These are claims payments as awarded under the Courts Act 2003. PPOs are used to settle some large personal injury claims. They generally provide a lump-sum award plus inflation-linked annual payments to claimants who require long-term care.
37
annual_report
2849
661
In Texas, where the Company has a considerable amount of asbestos and silica claims, the Texas Senate passed a measure that proposes to reduce the number of claims while protecting the rights of the afflicted. Senate Bill 15 addresses a number of problems associated with asbestos and silica litigation. The bill require...
105
10K
gb_prudential-AR_2006
5,608
No rights were granted in the RSP if the Company’s TSR performance as ranked against the comparator group is below 50th percentile.
22
annual_report
4310
4,199
The comparative presentation of the 2009 plan assets has been realigned to conform to the 2010 presentation to disclose the estimated fair value of the underlying assets of each separate account at the security level.
35
10K
gb_lloyds_banking_grp-AR_2010
3,667
– reviewed and recommended to the Board the appointment of a new Group Chief Executive and three Non-Executive Directors; – adopted a Board Governance Framework and Executive Governance Framework; – reviewed the time commitment of Board Directors; – reviewed updates on corporate governance at each meeting; – reviewed t...
55
annual_report
fr_axa-AR_2009
10,683
Board of your Company at its meeting on February 17, 2010.
11
annual_report
AegonNV-AR_2017
1,647
income ratio in 2016 increased by 3 percentage points to 75%
11
annual_report
HelvetiaHoldingAG-AR_2001
97
Dr. Hans-Rudolf Merz and Erich Walser have been elected as new Board members.
13
annual_report
5501
2,266
Overview. Income (loss) before provision for income tax increased $4.1 billion ($2.6 billion, net of income tax) compared to 2016. In addition to higher adjusted earnings, this increase was driven primarily by favorable changes from freestanding derivatives and GMLB Riders. Additionally, after-tax results were impacted...
54
10K
BaloiseHoldingLtd-AR_2004
1,134
Change in unearned premiums reserves for own account –5.9 –8.7 10.6 5.4 –4.3 0.6 –7.6 –1.6 0.4 –0.7 –6.8 –5.0
20
annual_report
fr_axa-AR_2013
4,317
Healthcare subsidiaries, which operate in Pound Sterling, and AXA Ireland. Those entities have however diversifi ed their investment portfolios in line with asset liability management objectives as follows: • directly owned foreign currency investments and cash of €1,179 million (€1,208 million in 2012), of which €1,14...
61
annual_report
AssicurazioniGeneraliSpA-AR_2015
1,371
In accordance with the Connectivity of information principle, the report should represent the combination and interrelatedness of the factors that influence the ability to create value over time. The key forms of connectivity used by Generali include the connectivity between qualitative and quantitative information, fi...
122
annual_report
3577
1,524
Our headquarters are located in a four story, 110,000 square foot building that we own in Blue Bell, Pennsylvania. Through various wholly-owned subsidiaries, we also own and occupy additional office facilities in three other locations and rent additional office space for our insurance operations in 13 other locations. ...
98
10K
ASRNederlandNV-AR_2012
804
Only assets, liabilities, fi rm commitments or highly probable forecast transactions involving a party external to a.s.r. can be designated as hedged items.
23
annual_report
3833
6,959
In December 2007, National Interstate Corporation ("NATL"), a 53%-owned subsidiary of GAI, entered into a five-year unsecured credit agreement under which it can borrow up to $75 million, subject to certain conditions. Amounts borrowed bear interest at rates ranging from .45% to .9% (currently .65%) over LIBOR based on...
70
10K
2742
627
Net ex-catastrophe loss ratio (expressed as a percentage) is the ratio of net losses and LAE incurred, not including losses from industry designated catastrophic events or other weather events with losses per event aggregating at least $400,000, divided by the net insurance premiums earned. This ratio is net of amounts...
81
10K
NNGroupNV-AR_2013
377
COMPOSITION OF THE EXECUTIVE AND THE MANAGEMENT BOARDS At the General Meeting of Shareholders in May, Ralph Hamers became a member of the Executive Board, Management Board Banking, Management Board NN Group (formerly called ING Insurance Topholding N.V.) and Management Board ING Verzekeringen N.V. as per AGM of 13 May ...
107
annual_report
SwissReAG-AR_1994
587
In order to improve the financial structure and attract new types of investors, SwissRe Finance (Bermuda) Ltd., a wholly owned subsidiary of Swiss Re, placed a convertible bond issue and issued bull spread warrants on 29 June 1995. The convertible bonds, in the nominal amount of USD 500 million and matur­ ing in five y...
131
annual_report
HiscoxLtd-AR_2010
1,619
As a result of the accounting treatment for non-monetary items, the Group may also experience volatility in its income statement during a period when movements in foreign exchange rates fluctuate significantly. In accordance with IFRS, non-monetary items are recorded at original transaction rates and are not remeasured...
131
annual_report
4098
2,777
securities have been in a continuous unrealized loss position. The unrealized loss amounts presented below at December 31, 2009 include the noncredit component of OTTI loss. Fixed maturity securities on which a noncredit OTTI loss has been recognized in accumulated other comprehensive loss are categorized by length of ...
104
10K
gb_lloyds_banking_grp-AR_2003
414
In order to provide a clearer representation of the underlying performance, the results of the Insurance and Investments segment include investment earnings calculated using longer-term rates of return and annual management charges based on unsmoothed fund values. Management separately analyse the difference between th...
81
annual_report
5524
1,856
Commission and other acquisition expenses increased by $10.9 million or 1.7% for the year ended December 31, 2018 compared to 2017. The commission and other acquisition expense ratio remained flat at 32.2% for the year ended December 31, 2018 compared to the same period in 2017. The commission and other acquisition exp...
81
10K
HiscoxLtd-AR_2002
426
The Group has adopted FRS17 “Retirement Benefits”. This has had no material impact on the current year’s results, as only the transitional disclosure requirements have been included.
27
annual_report
PhoenixGroupHoldingsPLC-AR_2018
1,991
Wendy Mayall 1 November 2018 1 September 2016 1 September 2019 6
12
annual_report
4661
857
Liabilities for losses and loss adjustment expenses ("LAE") include case basis estimates for open claims reported prior to year-end and estimates of unreported claims and claim adjustment expenses.
28
10K
2809
968
Risks and Uncertainties-The Company is dependent upon mortgage originators to provide mortgage loans to insure. In the event any of its largest customers choose to stop providing the Company with mortgage loans to insure, the Company’s ability to generate new insurance business could be adversely affected. The Company’...
70
10K
3815
3,339
Earned premiums for the Specialty Commercial segment decreased by $64, or 4%, primarily due to a decrease in property earned premiums and, to a lesser extent, casualty earned premiums.
29
10K
4781
1,095
Other Assets primarily include property and equipment, internal use software, insurance licenses acquired in business combinations, the value of other intangible assets acquired and prepaid expenses. Property and equipment is depreciated over the useful lives of the assets, generally using the straight-line or double d...
128
10K
1406
487
Net income includes investment gains of $742.5 million in 2000, compared to losses of $136.6 million in 1999. Net investment gains in 2000 resulted principally from the sale of common stock of Global Crossing Ltd. ("Global Crossing") and Canary Wharf Group, plc. ("Canary Wharf") by the CNA subsidiary, and reduced losse...
87
10K
AvivaPLC-AR_2006
749
i Morley – Awards: Morley has enjoyed a year of award-winning progress, with expansion into Europe, innovative product launches and strong performance for our investors.
25
annual_report
5368
1,096
Financial Statement Schedules as of December 31, 2017 and 2016 and for the years ended December 31, 2017, 2016 and 2015:
21
10K
StorebrandASA-AR_2017
1,364
The asset management business o�ers active and passive management and the management of fund-in-fund structures for the customer‘s account and risk. Operational risks, including compliance with regulations, are regarded as the greatest risks.
33
annual_report
NatixisSA-AR_2014
403
Its service offer is modular and customizable: secure provision of information systems, all-inclusive back-offi ce services (order routing, transaction accounting, client reporting, securities custody, etc.), dedicated middle-offi ce services and network assistance services.
33
annual_report
HannoverRueckSE-AR_2006
2,108
In the year just-ended we again devoted considerable attention to our communication with the financial markets and developed an impressive range of Investor Relations activities. For further details please see the section entitled "The Hannover Re share" in this Annual Report.
41
annual_report
1960
787
o foreign currency exchange in particular the United States dollar to the Canadian dollar and British pound sterling;
18
10K
4448
1,459
Vary by contract type, share class, time remaining in the surrender charge period and in-the-moneyness. A lapse margin was reflected in the GMAB / GMWB fair value reserves.
28
10K
PowszechnyZakladUbezpieczenSA-AR_2019
836
Purpose: • ramp up the sales of group and property insurance to the small and medium enterprise (SME) segment; • reorganize and unify the sales and service model, develop a multi-agency channel; • create dedicated product offerings for the SME segment.
41
annual_report
3944
7,410
privately placed securities, less than 0.5% of the portfolio, that are either valued by brokers or an investment advisor. At December 31, 2008 and 2007, our investment portfolio included $644.8 million and $623.6 million, respectively, of limited partnership investments whose values are reported pursuant to the equity ...
93
10K
NatixisSA-AR_2007
3,407
(in € billions) United States % Europe % Asia % Total %
12
annual_report
4567
1,345
Reserves for 2012 include gross and net reserves acquired in 2012 business combinations of $25.3 million and $22.5 million, respectively.
20
10K
BeazleyPLC-AR_2015
2,043
Financial statem ents 24 Insurance liabilities and reinsurance assets continued b) Major assumptions The main assumption underlying these techniques is that the group’s past claims development experience (with appropriate adjustments for known changes) can be used to project future claims development and hence ultimate...
78
annual_report
ScorSE-AR_2018
565
The return on invested assets in 2018 was 2.8% as compared to 3.5% in 2017 and 2.9% in 2016. The evolution of investment income in 2018 is essentially driven by higher investment revenues and by the active portfolio management strategy implemented by SCOR Global Investments, which translated into substantial realized c...
84
annual_report
4653
1,730
There are specific areas of our selected reserves which have additional uncertainty associated with them. In property reinsurance, there is still the potential for adverse development from litigation associated with Hurricane Katrina. With Superstorm Sandy being the most recent catastrophe event, there remains uncertai...
134
10K
4532
731
tax. At December 31, 2012 and 2011, net unrealized gains on investments included in Accumulated other comprehensive income (AOCI) were correspondingly reduced by $1,511 million and $722 million.
28
10K
fr_axa-AR_2007
6,654
As far as the fight against internal fraud is concerned, a formal policy has been put into place and a network of correspondents dedicated to this task was set up in 2005. internal fraud has been divided up into four specific categories: Fraudulent Financial reporting; Misappropriation of Assets; improper or Fraudulent...
56
annual_report
4808
2,843
•Level 2: Fair value measurements based on inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabil...
85
10K
4446
1,056
Premiums ceded were 29.3% of gross reinsurance premiums written compared to 18.4% for the same period in 2010.
18
10K
4039
904
Commissions and fees of $822 million were $38 million, or 5 percent, higher in 2009 compared with 2008 of which 4 percent was attributable to the acquisition of the HRH UK wholesale business, Glencairn and 4 percent to organic revenue growth. These were partly offset by a 3 percent negative impact from foreign exchange...
55
10K
SwissReAG-AR_2019
4,929
• reforms of, or other potential changes to, benchmark reference rates;
11
annual_report
gb_prudential-AR_2012
1,681
Annual bonus To incentivise and reward the achievement of stretching annual business plans which are: Determined in line with the Group’s long-term commitments to shareholders; and
26
annual_report
NatwestGroupPLC-AR_2018
239
• The bank’s mean ethnicity pay gap in Great Britain is 10.7% (median 15.8%). The figures also show a mean ethnicity bonus gap of 24.7% (median 0.00%).
27
annual_report
3912
2,211
The Pension Plan suspension was aimed at preparing for the future termination of the Pension Plan, and reflects a broader reliance on the Radian Group Inc. Savings Incentive Plan (the “Savings Plan”) as the primary
35
10K
fr_axa-AR_2007
1,621
On December 31, 2007, the Supervisory Board was comprised of 14 members elected by the shareholders. Currently, 4 members of the Supervisory Board are nationals of countries other than France. In accordance with French law, one member of the Supervisory Board is elected by the Company’s shareholders every four years fr...
94
annual_report
3549
2,064
The nature of the policyholder dividend obligation is described in Note 9 of the Notes to Consolidated Financial Statements. Because the exact timing and amount of the ultimate policyholder dividend obligation is subject to significant uncertainty and the amount of the policyholder dividend obligation is based upon a l...
99
10K
369
245
rate of 9.50 percent per annum, payable monthly in advance. The loan also provided for additional annual simple accrual of interest at the rate of 2.00 percent per annum payable upon prepayment or maturity. For financial reporting purposes, commencing in August of 1991, the Account suspended recognition of income relat...
160
10K
4897
992
We use specific criteria to judge the credit quality of both existing and prospective investments. Furthermore, we use several methods to monitor these criteria, including credit rating services and internal credit analysis. The ratings referenced in the two tables below are based on the ratings designations provided b...
163
10K
4941
643
Medicare Advantage premiums are tied to the achievement of certain quality performance measures (Star Ratings). Beginning in 2015, plans must have a Star Rating of four or higher to qualify for bonus money. Star Ratings issued by CMS in October 2014 indicated that plans covering 92% of our Medicare Advantage membership...
137
10K
BaloiseHoldingLtd-AR_2005
1,779
January 1, 2004. as iFRS 4 does not address the measurement of insurance contracts, the US Gaap provisions regarding their measurement shall continue to be applied until a corresponding standard exists. However, the application of iFRS 4 engenders the modification of certain US Gaap provisions (e.g. the liability adequ...
161
annual_report
AvivaPLC-AR_2005
2,090
On transition to IFRS, Delta Lloyd changed the reserving basis for most traditional contracts to reflect current market interest rates, for consistency with the reporting of assets at market value. The cost of meeting interest rate guarantees is allowed for directly in the liabilities.
44
annual_report
3809
840
As a financial institution and life insurer with significant investment exposure, we have been adversely affected by the volatility and disruption in the global capital markets and face significant financial and capital markets risk in our operations. Corporate bond defaults and credit downgrades, which have resulted i...
208
10K
INGGroepNV-AR_2008
3,154
Financial liabilities at fair value through profit and loss 65 98
11
annual_report
PhoenixGroupHoldingsPLC-AR_2020
1,949
ALWAYS LOOKING TO GROW AS INDIVIDUALS, AS A TEAM AND BUSINESS
11
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2000
1,150
Up to one year 14,278 12,597 Over one year and up to 5 years 1,069 943 Over 5 years and up to 10 years 265 234
26
annual_report
StorebrandASA-AR_2014
50
New regulatory framework for private occupational pensions in Norway is introduced on 1 January. New maximum rates for defined contribution pensions are significantly higher. The new higher savings rates are well received by the corporate customers.
36
annual_report
1273
293
Insurance premiums and other considerations decreased by $225,000, from $6,141,000 in 1997 to $5,916,000 in 1998. This decrease was primarily attributed to a reduction in renewal premiums.
27
10K
5275
872
Third-party commissions represented 58.4% and 34.6% of revenues and premium equivalents, respectively, for the year ended December 31, 2016 as compared to 51.3% and 30.6% of revenues and premium equivalents for 2015. These increases were largely the result of a revenue mix shift towards non-owned call centers and away ...
94
10K
fr_axa-AR_2007
6,920
uSE IN 2007 of tHE VARIouS fINANCIAl AutHoRIZAtIoNS PERtAININg to CAPItAl INCREASES
12
annual_report
HiscoxLtd-AR_2005
166
Hiscox International consists of Hiscox Guernsey, Hiscox Bermuda and Hiscox USA.
11
annual_report
3419
499
Higher policyholder benefits and claims of $31 million, net of income tax, due to growth in deferred annuities.
18
10K
1687
220
DBG is AIG's primary domestic division. DBG writes substantially all classes of business insurance, accepting such business mainly from insurance brokers. This provides DBG with the opportunity to select specialized markets and retain underwriting control. Any licensed broker is able to submit business to DBG without t...
65
10K
4400
682
On December 1, 2009, we completed the sale of our information technology and operating platform, including substantially all of our computer hardware, to Essent. We also entered into a service agreement on December 1, 2009 with Essent to provide systems maintenance and development services, including disaster recovery ...
73
10K
AvivaPLC-AR_2005
2,699
3. New business margin represents the ratio of new business contribution after deducting the effect of required capital, tax and minority interests to PVNBP after deducting the minority interests, expressed as a percentage.
33
annual_report
4608
431
Goodwill and intangible assets with indefinite lives, which consist of licenses, are not amortized but are evaluated for impairment in the aggregate at the end of the fourth quarter of each year, or more frequently if indicators arise. If the fair value of the Company is less than its carrying amount (including goodwil...
132
10K
ASRNederlandNV-AR_2018
873
Impact investing In the investment process, a.s.r. pays special attention to impact investing to make a sustainable contribution to society, for instance, through waste recycling, renewable energy (solar and wind), social enterprises or contributing to health improvements. In 2018, a.s.r. set the target of increasing i...
91
annual_report
2637
990
Until April 2002, the Company (then known as SoftNet Systems, Inc.) was an Internet service provider. Due to difficult and deteriorating conditions in that market, the Company discontinued this business. In December 2000, the Company's board of directors approved a plan to discontinue the operations of its subsidiary,...
121
10K
StandardLifeAberdeenPLC-AR_2020
1,144
The role of the Committee is to provide oversight and advice to the Board, and where appropriate, the board of each relevant Group company on: • The Group’s current risk strategy, material risk exposures and their impact on the levels and allocations of capital
44
annual_report
2851
1,037
To estimate loss reserves, our actuaries use a variety of actuarial methods that analyze experience, trends and other relevant factors. These methods generally utilize analyses of historical patterns of the development of paid and reported losses by accident year by class of business. This process relies on the basic a...
71
10K
NatixisSA-AR_2017
4,138
Launched in H1 2015, IT analysis, design and development work continued during fiscal year 2016 and the first half of 2017. The second half of 2017 was primarily dedicated to revenue, finalizing work on model calibration, completing documentation and adapting processes resulting from the implementation of this new stan...
55
annual_report
PosteItalianeSpA-AR_2015
595
The bank aims to increase its lending activities by, among other things, strengthening its commercial model; achieving balanced growth in its loan book, partly by expanding its product offering; and by increasing its use of medium/long-term funding, in line with regulatory requirements regarding operating and structura...
47
annual_report
4182
1,357
Pursuant to certain reinsurance agreements and statutory licensing requirements, the Company has deposited invested assets in custody accounts or insurance department safekeeping accounts. The Company is not permitted to remove invested assets from these accounts without prior approval of the contractual party or regul...
80
10K
nl_ing_grp-AR_2018
2,718
The initial accounting for the fair value of the net assets of the companies acquired during the year may be determined only provisionally as the determination of the fair value can be complex and the time between the acquisition and the preparation of the Annual accounts can be limited. The initial accounting shall be...
140
annual_report
3097
1,285
At December 31, 2006, our net deferred tax asset and valuation allowance were $nil million and $28.9 million, respectively (see Note 13 of the consolidated financial statements for more information). At each balance sheet date, we assess the need to establish a valuation allowance that reduces deferred tax assets when ...
179
10K
991
218
Effective January 1, 1998, 1,479,000 and 892,000 options were granted under the Employee Option Plan and the Producer Option Plan, respectively, at an exercise price of $0.73 per share. Effective July 1, 1998, 34,000 and 100,000 options were granted under the Employee Option Plan and the Producer Option Plan, respectiv...
128
10K
5449
1,155
The fair value of the Company’s publicly traded $375 million unsecured note at December 31, 2017 was obtained from a third party pricing service. The fair value of the Company's $180 million unsecured note at December 31, 2016 approximated the carrying value.
42
10K