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NatwestGroupPLC-AR_2005
2,068
The amortisation expense for each of the next five years is currently estimated to be: £m
16
annual_report
4401
789
As compared with loss and LAE reserves held at December 31, 2011, the indicated results from utilized estimates of loss and LAE could range from an adequate reserve position to a redundancy of 13% or $62.5 million. These ranges do not present a forecast of future redundancy since actual development of future losses on ...
83
10K
5406
1,384
2016 vs 2015: The 7.6 percentage point increase in the loss ratio excluding prior year development was primarily due to natural catastrophe events. Losses net of reinsurance recoveries and reinstatement premiums related to natural catastrophe events for 2016 were $243.6 million higher than in the same period in 2015. E...
99
10K
fr_axa-AR_2019
4,948
Specific actions are identified at Group and local levels to mitigate these risks. Also, the implementation of the Internal Control framework will continue to contribute to better embed controls in activities and mitigate the risks.
35
annual_report
AegonNV-AR_2019
577
EUR 4.1 billion EUR 1.6 billion Normalized capital generation was strong and increased by 12% in 2019. This was in part due to positive experience variance and higher release of required capital.
32
annual_report
2510
1,443
During 2004 and 2003, the Company’s Property & Casualty operations have experienced earned pricing increases in excess of loss cost increases for Business Insurance and Personal Lines. The Company expects that at some point over the next twelve months, loss costs increases may begin to outpace earned pricing increases,...
65
10K
LloydsBankingGroupPLC-AR_2020
3,988
2 In line with FINREP reporting and regulatory guidelines, Retail forborne loans and advances do not include COVID-19 moratoria.
19
annual_report
NatixisSA-AR_2006
1,275
There is no variable compensation, no allocation of securities to the Chairman of the Supervisory Board and no additional payment of directors’ fees to any members of the Supervisory Board.
30
annual_report
fr_axa-AR_2013
4,635
Payables arising from direct insurance and inward reinsurance operations 8,317 8,955 7,212
12
annual_report
2510
2,003
Congress may consider a number of other legal reform proposals this year. Prospects for enactment of these proposals in 2005 are uncertain.
22
10K
5244
855
The following is a discussion and analysis of our results of operations for our Life and Annuities segment for the years ended December 31, 2016, 2015 and 2014, which are summarized below.
32
10K
BaloiseHoldingLtd-AR_2017
2,136
changes due to impending losses – – – 3.0 – 0.8 – – – 3.8 change due to unrealised gains and losses on financial instruments (shadow accounting)
27
annual_report
AegonNV-AR_2011
3,284
Ventures, and describes the application of the equity method to investments in joint ventures in addition to associates.
18
annual_report
SwissReAG-AR_2014
1,440
(Chair since 11 April 2014) ̤ Raymond K.F. Ch’ien ̤ Mary Francis (since 11 April 2014) ̤ Hans Ulrich Maerki
20
annual_report
1659
473
Net Investment Income. Net investment income for the year ended December 31, 2001 decreased by $12.0 million, or 9.5%, to $114.6 million from $126.6 million for the year ended December 31, 2000. As a result of the decline in interest rates during the past year combined with a decrease in investment income from affiliat...
83
10K
5293
874
Other, net revenues increased during 2016 compared to 2015 largely due to the increase in fees for our proprietary sales force support system, consistent with subscriber growth. We allocate fees collected for our proprietary sales force support system between our Term Life Insurance segment and our Investment and Savin...
70
10K
StorebrandASA-AR_2006
1,432
Fair value of financial instruments The fair value of financial instruments that are not traded in an active market (for example unlisted shares and derivatives) is determined by using valuation techniques. Such valuation techniques are principally based on market conditions on the balance sheet date.
45
annual_report
gb_prudential-AR_2012
2,262
Investment contracts (contracts which do not contain signifi cant insurance risk as defi ned under IFRS 4)
17
annual_report
NatixisSA-AR_2008
10,243
(not including preference shares) and/or securities giving immediate and/or future access to Company capital (whether these are new or existing shares) issued for a fee or free of charge, governed by Articles L.228-91 et seq. of the French
38
annual_report
NatwestGroupPLC-AR_2019
4,281
Investigations and reviews RBS Group’s businesses and financial condition can be affected by the actions of various governmental and regulatory authorities in the UK, the US, the EU and elsewhere. RBS Group has engaged, and will continue to engage, in discussions with relevant governmental and regulatory authorities, i...
105
annual_report
3575
2,192
approximately $37 million, net of minority interest. See Note 11 for additional information on the provision for income taxes.
19
10K
5648
823
As of December 31, 2018, we have minimum future commitments under non-cancellable leases as follows:
15
10K
TrygAS-AR_2007
699
Members of the Executive Management are also entitled to company cars. A contribution of 25% of the fixed salary of the Executive Management is paid into a pension scheme.
29
annual_report
RSAInsuranceGroupPLC-AR_2015
3,592
The investments in subsidiaries are recognised in the statement of financial position at fair value measured in accordance with the Company’s accounting policies. The Company’s investments are classified as Level 2 financial assets. Fair value of the Company’s significant subsidiary is determined by reference to the ma...
136
annual_report
LloydsBankingGroupPLC-AR_2015
1,262
The Nomination & Governance Committee considered the review in January 2016 prior to a report on the conclusions to the Board. The Board reviewed and approved the proposed changes, which were part of a wider range of initiatives undertaken to prepare the Group for the introduction of SM&CR and SIMR.
50
annual_report
2868
1,099
Equity securities in the employee pension plan portfolio totaled $90.1 million and $74.3 million at December 31, 2005 and 2004, respectively. The plan held no StanCorp securities as plan assets at December 31, 2005 and 2004.
36
10K
de_allianz-AR_2008
2,877
Annual periods beginning on or after 1 January 2009; no material impact expected on Allianz Group’s consolidated financial statements
19
annual_report
DirectLineInsuranceGroupPLC-AR_2012
2,667
Equity Share capital 6 150.0 1,500.0 Capital redemption reserve 1,350.0 – Other reserves 100.3 100.0 Retained earnings 1,661.5 1,421.1 Total equity 3,261.8 3,021.1
23
annual_report
nl_ing_grp-AR_2017
3,409
Russia ING Bank (Eurasia) Z.A.O. Wholesale banking 270 136 1,607 78 20
12
annual_report
NatixisSA-AR_2014
2,945
3 RISKS AND CAPITAL ADEQUACYCredit and counterparty risks (including country risk) R TABLE 5: EAD BY GEOGRAPHIC AREA AND BY ASSET CLASS
22
annual_report
AegonNV-AR_2000
789
USD 3 billion Euro Medium Term Notes Program. Additionally, a USD 2 billion Euro Commercial Paper Program facilitates access to international and domestic money markets when required. AEGON maintains back-up credit facilities for outstanding debt under its Commercial Paper programs.
40
annual_report
3288
842
The 2007 Restructuring Plan eliminates an estimated 2,700 jobs beginning in the third quarter of 2007 and continuing into 2009. We also expect to close or consolidate several offices resulting in sublease losses or lease buy-outs. These efforts will also trigger asset impairments in the form of accelerated amortization...
54
10K
PosteItalianeSpA-AR_2020
9,529
“Off-balance sheet exposures, Performing” relates to the counterparty risk associated with derivatives registering fair value gains, gross of any netting agreements197, securities provided as collateral under counterparty risk mitigation agreements and for Repo financing with Securities Financing Transactions (SFT)198 ...
40
annual_report
fr_axa-AR_1999
539
Market. During 1998, the Australian life insurance market moved from being the eleventh largest to the tenth largest life insurance market in the world based on gross premiums in 1998. Individual retirement products, group retirement products and individual life products represented 54%, 33% and 13%, respectively, of A...
60
annual_report
HiscoxLtd-AR_2004
29
The growth of retail businesses to complement the more volatile London Market business has continued successfully, and will show real value in the next stage of the underwriting cycle.
29
annual_report
4466
10,696
The increase of $235 million in the pension net actuarial loss during 2011 is related to a decrease in the discount rate combined with lower than expected returns. The majority of the $2.55 billion net actuarial pension benefit losses not yet recognized as a component of net periodic pension cost in 2011 reflects decre...
133
10K
294
368
Mr. Head and Edward W. Ross, former Vice Chairman of the Board of Directors, provided advisory services to the Company pursuant to consulting agreements entered into with the Company effective January 1, 1993 for which each received $300 per year plus reimbursement of out-of-pocket expenses. These agreements terminated...
99
10K
Sampoplc-AR_2000
937
The unrealised profits and losses arising from valuation of the securities held for trading purposes is included in Net income from transactions in securities.
24
annual_report
LloydsBankingGroupPLC-AR_2012
5,305
Trading and other financial assets at fair value through profit or loss – 18,056 121,454 – – – – 139,510 derivative financial instruments 12,850 53,163 – – – – – 66,013 loans and receivables: loans and advances to banks – – – – 32,606 – – 32,606 loans and advances to customers – – – – 565,638 – – 565,638 debt securitie...
70
annual_report
AvivaPLC-AR_2012
2,252
(Q) Impairment of non-financial assets Property and equipment and other non-financial assets are reviewed for impairment losses whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognised for the amount by which the carrying amount of the asset ...
108
annual_report
5585
811
In addition, for the post-retirement benefit plan, a 100 basis point decrease in the medical trend rate would decrease the post-retirement benefit obligation at December 31, 2018, by $4.1 million, while a 100 basis point increase in the medical trend rate would increase the benefit obligation at December 31, 2018, by $...
53
10K
811
256
The following discussion of results from operations is presented in terms of the major business units of the Company, and the financial information regarding such business units, described in Item 1(B) (Business - Business of the Company).
37
10K
LloydsBankingGroupPLC-AR_2014
1,575
Recoverability of the deferred tax asset The recoverability of the deferred tax asset in respect of carry forward losses requires the consideration of the future levels of taxable profit in the Group.
32
annual_report
AssicurazioniGeneraliSpA-AR_2018
823
To increase and update management, transversal and technical skills of the entire corporate population, training classes geared to achieve technical excellence (Generali Advanced Technical Excellence) were confirmed and updated. Training classes on managerial soft-skills, offered to all organisational levels and involv...
71
annual_report
AvivaPLC-AR_2004
276
Ireland Hibernian reported a strong operating result of £153 million (2003: £91 million) on net premiums written of £545 million (2003: £611 million). This performance reflected significantly lower than expected claims and resulted in an improved COR of 87% (2003: 97%). The Irish market remains very price competitive, ...
84
annual_report
fr_axa-AR_2018
4,685
The change in Group share translation reserves (€-4,588 million) was mainly driven by the the United States (€-1,967 million), Switzerland (€-953 million), Asia (€-628 million), Japan (€- 571 million), AXA IM (€-227 million) and International (€- 198 million).
38
annual_report
2724
761
Scheduled repayments of long-term debt in 2006 and in the four succeeding years are $69 million, $1.12 billion, $258 million, $408 million and $558 million, respectively.
26
10K
5410
838
Adjusted income taxes/tax rate is defined as the provision for/(benefit from) income taxes adjusted for taxes on certain items of amortization, restructuring costs, transaction and integration expenses, significant litigation settlements, significant pension
32
10K
DirectLineInsuranceGroupPLC-AR_2019
1,268
Culture The Board recognises that culture and capability are key enablers for achieving the Group’s strategic objectives and encourages an open and inclusive culture and an environment in which people can be themselves.
33
annual_report
fr_axa-AR_2013
8,972
Turnover rate of salaried non-sales force 12.7 % +0.4pts 12.3 %
11
annual_report
5332
588
Medicaid membership represents eligible members who receive health care benefits through publicly funded health care programs, including Medicaid, TANF, SPD, LTSS, CHIP and Medicaid expansion programs. Total Medicaid program business accounted for 16.4%, 15.3% and 13.8% of our medical members at December 31, 2016, 2015...
48
10K
PowszechnyZakladUbezpieczenSA-AR_2016
524
In 2016, PZU collected gross written premium of PLN 10,682 million, which was 20.6% more than in the previous year. At the same time, the sales structure changed only slightly: • value of MTPL insurance was PLN 4,072 million, which was 44.2% higher than in the previous year. It composed 38.1% of the entire portfolio, a...
131
annual_report
gb_prudential-AR_2016
110
16 Blended score representing 50 per cent by number of funds and 50 per cent assets under management outperforming benchmark or in top two quartiles over three-year period.
28
annual_report
RSAInsuranceGroupPLC-AR_2012
3,346
Brazil Marine In Brazil we have a leading Marine business. We are the market leader in Inland
17
annual_report
5660
1,854
Gross unrealized losses on fixed maturity securities AFS decreased $2.9 billion for the year ended December 31, 2019 to $931 million. The decrease in gross unrealized losses for the year ended December 31, 2019, was primarily attributable to decreases in interest rates, narrowing credit spreads and to a lesser extent, ...
55
10K
4051
2,947
Accumulated depreciation on flight equipment was $13.9 billion and $12.3 billion at December 31, 2009 and 2008, respectively.
18
10K
BaloiseHoldingLtd-AR_2003
334
Bâloise-Holding does not have any authorized or conditional capital. Similarly, there are no participation certificates, dividend rights certificates or convertible bonds relating to participation rights of the company or options issued by it. Further details can be found on page 125 of the Financial Statements and in ...
49
annual_report
4396
1,138
delivery, pharmacy customer service, claims processing, rebate management, drug utilization and specialty pharmaceutical management services. Accordingly, the agreement contains certain financial and operational requirements obligating both Express Scripts and us. Express Scripts’ primary obligations relate to the perf...
110
10K
4544
2,462
In October 2010, the FASB issued guidance that modifies the types of costs incurred by insurance entities that can be capitalized when issuing or renewing insurance contracts. This guidance became effective for interim and annual periods beginning after December 15, 2011, with either prospective or retrospective applic...
76
10K
5139
1,184
Our CMBS holdings are diversified by vintage year. The following tables present our CMBS holdings by rating agency rating and by vintage year at:
24
10K
nl_ing_grp-AR_2016
7,380
Impact of netting It is common practice in OTC derivatives trading to sign master agreements that allow for close out netting in case one of the parties defaults. In case ING has signed such a master agreement and a positive legal netting opinion is in place, the agreement is deemed to be legally enforceable. For trade...
75
annual_report
StandardLifeAberdeenPLC-AR_2018
3,415
 Commercial mortgages These instruments are valued using models. The models use a discount rate adjustment technique which is an income approach. The key inputs for the valuation models are contractual future cash flows, which are discounted using a discount rate that is determined by adding a spread to the current ba...
125
annual_report
2963
976
In addition, the Company is involved in various other lawsuits and legal proceedings arising in the ordinary course of business, some of which involve claims for substantial amounts. We provide accruals for these items to the extent that we deem the losses probable and reasonably estimable. The outcome of litigation is...
100
10K
SwissReAG-AR_2005
268
The tax expense in 2005 was CHF 522 million. This represents an effective tax rate in 2005 of 26.5%, largely unchanged from 2004.
23
annual_report
3739
1,639
(1) Includes $5.7 million, $37.4 million and $66.9 million of premium ceded to our Reinsurance segment in 2008, 2007 and 2006, respectively.
22
10K
ch_zurich_insurance_group-AR_2019
3,063
In 2018, the dividend of CHF 18 per share was partially paid out of the capital contribution reserve and partially out of the available earnings on April 10, 2018, as approved at the Annual General Meeting on April 4, 2018. The difference between the respective amounts of the dividend at transaction day exchange rates ...
73
annual_report
ASRNederlandNV-AR_2011
1,054
• Expense risk: the risk of losses due to a change in the level, development or volatility of company expenses.
20
annual_report
2992
476
We expect to grow 2007 premiums in force opportunistically as we expand to areas outside our traditional markets. We also anticipate that premium rates will decrease in 2007 as the markets in which we operate continue to become more competitive. We will focus on insurance profitability by: (i) writing new business in n...
84
10K
5844
783
During the first quarter of 2020, we recorded $72 million, or $0.10 per diluted share, of non-cash impairment of our third-party care management software business. In 2019, we recorded $271 million, or $0.57 per diluted share, of non-cash goodwill and intangible asset impairment. Substantially all of the 2019 impairmen...
103
10K
5886
583
In applying this approach to develop estimates of future returns, it is assumed that the market will return to an average gross long-term return estimate, developed with reference to historical long-term equity market performance. Management has set limitations as to maximum and minimum future rate of return assumption...
131
10K
830
583
The following are reconciliations of reportable segment revenues and profit to Enhance Financial's consolidated totals:
15
10K
3960
1,071
At December 31, 2009, we had net unrealized gains, net of tax, of $309.3 million compared to net unrealized losses, net of tax, of $163.4 million at December 31, 2008. Gains and losses from market fluctuations for investments held at market value are reflected as comprehensive income in the consolidated balance sheets....
243
10K
HannoverRueckSE-AR_2011
423
In the following sections we discuss the development of the financial year in our two strategic business groups, namely non­life reinsurance and life/health reinsurance. Supplemen­
25
annual_report
2769
1,604
notes mature on June 15, 2015. We have the option to redeem some or all of the notes at any time with not less than 30 days’ notice at a redemption price equal to the greater of the principal amount of the notes or the sum of the present values of the remaining scheduled payments of principal and interest on the notes ...
115
10K
fr_axa-AR_2010
2,464
Profi t or loss on fi nancial assets (under Fair Value option) & derivatives 21 49
16
annual_report
PhoenixGroupHoldingsPLC-AR_2020
2,076
The Audit Committee considered the results of the work performed and confirmed the appropriateness of the conclusions reached.
18
annual_report
NatwestGroupPLC-AR_2018
3,017
We determined materiality for the Group and parent company to be £210 million (2017 materiality: £300 million), which is 5% of Group profit before tax (2017 materiality basis was equity) and 0.6% of equity of the parent company. As the Group has been profitable for the past two years, we changed our basis of materialit...
118
annual_report
1784
1,006
Net cash used in investing activities was $6,551.1 million, $1,371.8 million and $1,837.7 million for the years ended December 31, 2001, 2000, and 1999, respectively. The net cash used in investing activities increased by $5,179.3 million in 2001 compared to 2000 primarily due to increases in net acquisitions of fixed ...
73
10K
TopdanmarkAS-AR_2012
865
Provisions for workers' compensation insurance, net of reinsurance 5,845 5,882 Average period of settlement 7 years 7 years Illness / accident insurance, net of reinsurance, administered by the life insurance business 1,791 2,020 Average period of settlement 14 years 14 years
41
annual_report
940
776
The Registrant paid no dividend on its common stock in 1998, 1997 and 1996.
14
10K
StandardLifeAberdeenPLC-AR_2018
1,097
The heads of each business function and each region manage their teams within authorities set out in the Board Charter and within an approved scheme of delegation. This includes reporting to the CoChief Executives on how they are complying with Group policies and performing against approved plans and budgets.
49
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008
702
Regulatory changes As a result of the global crisis in the banking sector and the financial markets, regulatory changes are to be expected worldwide. Even if the focus of the reforms will probably be on the supervision of banks, it is likely that insurance companies will be affected. However, it is currently not forese...
60
annual_report
gb_lloyds_banking_grp-AR_2018
2,874
How risk is managed in Lloyds Banking Group The Group’s Risk Management Framework (RMF) (see risk overview, page 30) is structured around the following components which meet and align with the industry-accepted internal control framework standards.
36
annual_report
5692
1,497
The pro forma results do not reflect any anticipated synergies, efficiencies, or other cost savings of the acquisition prior to July 1, 2018, or the impact of the WellCare acquisition and related financing. Accordingly, the unaudited pro forma financial information is not indicative of the results if the acquisition ha...
64
10K
1916
563
In 2002, Financing Activities used $1.4 million of cash, primarily due to the repayment of $1.1 million in non-recourse borrowings collateralized by the farm properties in the Harquahala Valley Irrigation District by Vidler, and a net reduction of $586,000 in Swiss Franc borrowings. Despite these cash payments, the lev...
86
10K
1789
485
The following table presents our short-term, long-term and total debt outstanding at December 31, 2001 and 2000:
17
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2002
1,956
Expenses for defined contribution plans in the year under review totalled €30m (28m).
13
annual_report
NatwestGroupPLC-AR_2010
4,260
(2) The trust preferred securities are subject to restrictions on dividend payments agreed with the European Commission (see Note 29). (3) Partially repurchased following completion of the exchange and tender offers in April 2009. (4) Partially repurchased following completion of the exchange and tender offers in May 2...
48
annual_report
4270
1,859
Compensation costs of less than $0.1 million relating to the shares issued have been recognized in the Company’s statement of earnings for each of the years ended December 31, 2010, 2009 and 2008. As at December 31, 2010, 2009 and 2008, 5,871, 5,588 and 2,695 shares, respectively, have been issued to employees under th...
56
10K
4367
1,684
DPAC related to annuities is also adjusted, net of tax, for the change in amortization that would have been recorded if the unrealized gains (losses) from securities had actually been realized. This adjustment is included in unrealized gains (losses) on marketable securities, a component of accumulated other comprehens...
53
10K
5234
883
Interest and debt expense was lower than 2014 due to principal repayments on the outstanding debt issued by Northwind Holdings. The other expense ratio was generally consistent with 2014.
29
10K
4861
562
The 2013 increase in workers’ compensation cases was a result of a higher number of cases and referral levels in field case and medical management. The increase in casualty cases in 2013 compared with 2012 was due in part to a new client adding a significant number of cases for the year. Casualty cases in 2013 were als...
108
10K
BaloiseHoldingLtd-AR_2015
2,018
Profit / loss before borrowing costs and taxes 422.7 395.5 481.1 277.3 73.7 80.8 – 48.9 – 34.4 – – 928.6 719.2
22
annual_report
5831
1,660
e) Restricted Cash and Cash Equivalents. Cash and cash equivalents that are restricted as to withdrawal or use are recorded as restricted cash and cash equivalents. The carrying value of the Company's restricted cash and cash equivalents approximates fair value.
40
10K
AegonNV-AR_2019
2,172
Matt Rider (as of May 19, 2017) Awarded and due - - 1,357 1,670 1,799
15
annual_report
PosteItalianeSpA-AR_2020
11,020
Pursuant to article 3, paragraph 10, of the Legislative Decree no. 254 of December 30, 2016 (the “Decree”) and to article 5 of the CONSOB Regulation n. 20267/2018, we have carried out a limited assurance engagement on the Consolidated Non-Financial Statement of Poste Italiane S.p.A. and its subsidiaries (hereinafter th...
95
annual_report
AvivaPLC-AR_2014
4,818
Excess centre cash flow2 692 420 1 Other operating cash flows include central investment income and group tax relief payments. 2 Before non-operating items and capital injections.
27
annual_report
5556
925
The impacts of this ASU on the Company’s Financial Statements can be categorized as follows: (1) Changes to the presentation within the Statements of Financial Position; (2) Cumulative-effect Adjustment Upon Adoption; and (3) Changes to Accounting Policies. Each of these components is described below.
44
10K
HannoverRueckSE-AR_2013
2,089
SUM Holdings (Pty) Ltd., Johannesburg / South Africa 36.82 ZAR 16,377 3,484
12
annual_report
TrygAS-AR_2013
1,638
Leasing Leases are classified either as operating or finance leases. The assessment of the lease is based on criteria such as ownership, right of purchase when the lease term expires, considerations as to whether the asset is custom- made, the lease term and the present value of the lease payments.
50
annual_report