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4197
660
We believe that showing net income available to common shareholders exclusive of the items referred to above reflects the underlying fundamentals of our business since we evaluate the performance of and manage our business to produce an underwriting profit. In addition to presenting net income available to common share...
133
10K
2793
497
Application of recent accounting pronouncements - In December 2004, the FASB issued Statement of Financial Accounting Standards No. 123R "Share-Based Payment" ("SFAS No. 123R"). SFAS 123R replaces Statement of Financial Accounting Standards No. 123 "Accounting for Stock-Based Compensation" ("SFAS No. 123") and supersed...
170
10K
NatixisSA-AR_2020
4,537
BPCE Assurances has thus become the sole Non-Life Insurance platform for BPCE IARD retail customers, the platform dedicated to professionals for both the Caisse d’Epargne and Banque Populaire networks.
29
annual_report
5690
4,660
MetLife recognizes compensation expense related to awards under the 2015 Director Stock Plan based on the number of Shares awarded.
20
10K
SwissReAG-AR_1994
570
The following commentary on the 1994 financial year of the parent company therefore complements the review of the financial year of the Swiss Re Group and is intentionally kept short.
30
annual_report
StandardLifeAberdeenPLC-AR_2007
442
We believe that the variable annuity market will develop over time and will be an attractive market for the Group and we will continue to develop our proposition.
28
annual_report
4447
2,478
Net income increased in 2010 compared to 2009 due to the inclusion of a net realized gain on the sale of Canadian mutual fund operations of $41 after-tax, within income from discontinued operations. In addition higher overall account balances attributed to the improved equity markets, and positive net flows on non-prop...
95
10K
2176
7,997
Allstate Financial markets a broad line of life insurance, savings and retirement products in the United States. Life insurance products primarily include traditional life, including term and whole life, and interest-sensitive life insurance. Savings and retirement products primarily consist of fixed annuities, market ...
103
10K
NatwestGroupPLC-AR_2015
4,189
All credit grades map to both an RBS-level asset quality scale, used for external financial reporting, and a master grading scale for wholesale exposures, used for internal management reporting across portfolios. Accordingly, measures of risk exposure may be aggregated and reported at differing levels of detail dependi...
75
annual_report
5652
1,081
System implementation activities - For those portions of the business that previously deferred costs, the length of time over which we amortize those costs will extend to a longer estimated contract term. For 2017 and prior years, these costs were amortized over a typical period of 3-5 years in accordance with the init...
132
10K
PosteItalianeSpA-AR_2016
4,988
Income/(expenses) recognised in equity due to adjustment to IRES rate (118) – – (118)
14
annual_report
ch_zurich_insurance_group-AR_2007
3,823
Embedded Value Method of measuring profitability commonly used by life insurance companies. It is equal to the net asset value of the company, plus the present value of the projected stream of future after-tax profits on in-force insurance contracts. In July 2006 Zurich announced the adoption of the European Embedded V...
64
annual_report
SwissReAG-AR_2015
1,825
a tapi is set based on multiple factors, but primarily on the role being performed and market benchmarks. similar to the determination of the base salary, the employee’s total compensation and overall pay-mix are taken into account, when setting the tapi. the possible payout for the api ranges from 0 to 2x tapi.
53
annual_report
de_allianz-AR_2013
653
Safeguarding the strategic pillars of our business and focused on growth and scale, we are confident that over the coming years we will build what we aim to be – the world’s strongest financial community.
35
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2003
488
In health, life and workers’ compensation insurance, the loss potential for private insurers depends on the degree to which state social security systems in the respective countries provide cover for medical care, for continued pay in case of sickness, and for pension payments in the event of disability or death.
50
annual_report
3051
1,396
As of December 31, 2006 and 2005, the recorded values of our investment portfolio, including cash and cash equivalents, were $527.6 million and $460.2 million, respectively. The debt securities in the investment portfolio, at December 31, 2006, were 97.2% investment grade A- or above bonds as defined by Standard and Po...
51
10K
SwissReAG-AR_1989
154
There were few iarge iosses in the year under report. Aids did not affect the business result to any great extent. Al­ though the claims burden as a result of this iiiness was heavy in a number of African countries, the Life insurance business from these countries is a reiativeiy modest part of Swiss Re's portfolio. An...
100
annual_report
SwissReAG-AR_1981
550
Life insurance: Insurance providing payment of a sum of money upon deatti of ffie insured and, in thie case of endowment insurance, at ttie end of a specified period wtiile ttie insured is still alive.
35
annual_report
3243
2,959
Thomas, et al. v. Metropolitan Life Ins. Co., et al. (W.D. Okla., filed January 31, 2007). A putative class action complaint was filed against Metropolitan Life, MetLife Securities, Inc. and MetLife Investment Advisors Company, LLC. Plaintiff asserts legal theories of violations of the federal securities laws and viola...
96
10K
ch_zurich_insurance_group-AR_2014
2,175
Transactions in 2014 Acquisitions On October 31, 2014, the Group completed the acquisition of an effective 50.0 percent stake in Mediterráneo Seguros Diversos, S.A. (MSD), a general insurance company incorporated in Spain and thus extended the existing cooperation with Banco Sabadell S.A. (Banco Sabadell) entered into ...
67
annual_report
HelvetiaHoldingAG-AR_2006
57
Our return and financial strength have increased significantly in the past few years and reached new all-time highs in 2006. At the same time, we achieved growth in different profitable segments and improved our market position. As a result, the value of the Helvetia share and its return rose significantly.
50
annual_report
5068
577
Net cash used by financing activities was $1,731, comprised entirely of our purchase of 223,851 of our common shares to be held as treasury stock.
25
10K
SwissReAG-AR_2020
3,265
These socio-economic dynamics will lead to vast changes of insured value distributions and the re/insurance landscape in general. From a re/insurance perspective, socio-economic dynamics will often overshadow slowly evolving climate trends and thus limit the decision-power of quantitative climate scenario analyses and ...
137
annual_report
ch_zurich_insurance_group-AR_2007
440
Gerhard Hans Schulmeyer graduated from Frankfurt Technical College with a BSc in electronic engineering and from the University of Frankfurt with a BSc in international business. He also holds an MSc in management science from the Massachusetts Institute of Technology. After holding various management positions with Br...
178
annual_report
StorebrandASA-AR_2011
1,449
ORGANISATION The Board of Directors shall ensure that the company has the appropriate systems for risk management and internal control.
20
annual_report
NatwestGroupPLC-AR_2020
5,045
The impact of reasonably possible changes to the more significant variables in the value in use calculations are presented below. This reflects the sensitivity of the VIU to each key assumption on its own. It is possible that more than one change may occur at the same time.
48
annual_report
NatwestGroupPLC-AR_2016
8,848
The State Aid Commitment Deeds also provide for RBS's undertakings in respect of State Aid to be modified in certain limited circumstances. However, HM Treasury has undertaken that it will not, without the consent of RBS, agree modifications to
39
annual_report
3734
11,435
The Company is the primary beneficiary of a consolidated VIE used to acquire up to 38 automotive collision repair stores ("synthetic lease VIE"). In 2006, the Company renewed the synthetic lease for a five-year term at a floating rate due 2011. The Company's Consolidated Statements of Financial Position include $40 mil...
70
10K
RSAInsuranceGroupPLC-AR_2010
1,138
• Representing the Company within the industry and with the business community, the City, UK Government, shareholders, potential investors and the public
22
annual_report
5026
1,829
In accordance with New York insurance law, financial guaranty insurance companies are required to establish a contingency reserve equal to the greater of 50% of premiums written or a stated percentage of the principal guaranteed, ratably over 15 to 20 years dependent upon the category of obligation insured. Contingency...
209
10K
2312
995
Our equity-indexed annuity products provide a guaranteed base rate of return and a higher potential return linked to the performance of the Standard & Poor's 500 Index ("S&P 500 Index") based on a percentage (the "participation rate") over an annual period. At the beginning of each policy year, a new index period begin...
502
10K
StandardLifeAberdeenPLC-AR_2017
2,331
Akira Suzuki 14 August 2017 1 All Directors were appointed to the Board of Standard Life Aberdeen plc on 14 August 2017 for election by shareholders at the 2018 AGM and all non-executive Directors including the Chairman received new appointment letters at that time. These confimed that continuation of the appointment i...
73
annual_report
CNPAssurancesSA-AR_2009
1,148
equity risk In 2009, 11% of Group assets were invested in equities and equity funds (based on book values, excluding unit-linked portfolios).
22
annual_report
INGGroepNV-AR_2009
1,048
The Executive Board members are not allowed to sell depositary receipts obtained through performance shares under the plan within a period of five years from the grant date. They are only allowed to sell part of their depositary receipts at the date of vesting to pay tax over the vested performance-share award. Deposit...
83
annual_report
5673
1,284
the maturity date of all term loans under the Credit Agreement from September 18, 2018 to September 18, 2020. The amended facility also has a new interest rate at a variable rate equal to one-month LIBOR with a LIBOR floor of 1.25%, plus a margin of 5.50% per annum. As of December 31, 2019 and December 31, 2018, a tota...
73
10K
AvivaPLC-AR_2020
567
With 58 distribution agreements, our diversified client base is made up of over 300 institutional clients, over 90,000 retail investors and over 3,500 professional investors such as IFAs, discretionary fund managers, charities and institutions.
34
annual_report
BeazleyPLC-AR_2017
961
b) Internal control and risk management systems • review the company’s internal financial controls and the company’s internal control and risk management systems; advise the board on the company’s risk management framework, which includes the risk management objectives, risk appetite, risk culture and assignment of ris...
98
annual_report
649
257
The trilateral agreement reaffirms portions of an agreement reached in March 1992 between Pacific Indemnity and Fibreboard. Among other matters, that 1992 agreement eliminates any Pacific Indemnity liability to Fibreboard for asbestos-related property damage claims.
35
10K
2358
621
In December 2004, the Financial Accounting Standards Board issued SFAS No. 123(R), which is a revision of SFAS No. 123, “Accounting for Stock-Based Compensation,” and supersedes APB Opinion No. 25. Among other items, SFAS No. 123(R) eliminates the use of APB Opinion No. 25 and the intrinsic value method of accounting a...
115
10K
5486
1,161
The standard excludes from its scope the accounting for insurance contracts, financial instruments and certain other agreements that are subject to other guidance in the FASB Accounting Standards Codification, which limits the impact of this change in accounting for the Company. Upon adoption, the Company expects the i...
112
10K
PosteItalianeSpA-AR_2017
15
The Annual Report for 2017 also contains Poste Italiane’s first consolidated Non-Financial Statement, which provides information on the Company’s organisational model, policies and risks in accordance with the requirements of Legislative Decree 254/2016 and the standards defined by the Global Reporting Initiative, an i...
112
annual_report
4051
867
The improved market environment noted above contributed to the substantial reduction in the loss from continuing operations before income taxes, which declined to $13.6 billion in 2009 compared to $106.5 billion in 2008. The following significant drivers also contributed to this improvement:
42
10K
AvivaPLC-AR_2011
3,863
Notes to the consolidated financial statements continued 51 – Contingent liabilities and other risk factors This note sets out the main areas of uncertainty over the calculation of our liabilities.
30
annual_report
SwissReAG-AR_2012
3,377
Net investment income on fixed income positions, including coupon income and amortisation, as a percentage of the cost of the securities.
21
annual_report
NatwestGroupPLC-AR_2006
1,516
No variation was made to any of the terms of the plan during the year. The performance measures are detailed on pages 115 and 116.
25
annual_report
DirectLineInsuranceGroupPLC-AR_2018
3,111
196 DIRECT LINE GROUP 2018 ANNUAL REPORT & ACCOUNTS CONTACT INFO V5.1
12
annual_report
2178
341
- The issuance of FIN 46R had no impact on the initial application of FIN 46 to the VIEs described above.
21
10K
1446
776
Through its subsidiary Nevada Land, the Company owns land and the related mineral and water rights. Through its subsidiary Vidler, the Company owns water rights and water storage assets consisting of various real properties in California, Arizona, Colorado and Nevada. The costs assigned to the various components at Dec...
53
10K
ch_zurich_insurance_group-AR_2018
2,941
Transfers into level 3 32 – – Transfers out of level 3 – (16) – Acquisitions and divestments – – (9) Foreign currency translation effects (1) (1) (195)
28
annual_report
4785
507
Premiums from traditional life insurance products increased during 2013 compared to 2012 primarily as a result of increased sales following the introduction of a new portfolio of term products in 2012. Premiums increased during 2012 compared to 2011 primarily due to improved persistency and sales of term products.
48
10K
1014
133
In February 1996, the Company called for the redemption of its 10% debentures maturing in 2018 ($75.0 principal amount) and its 5.75% convertible subordinated debentures maturing in 2002 ($110.0 principal amount). In April 1996, the Company called for the redemption of its 11.5% debentures maturing in 2015 ($30.0 princ...
178
10K
RSAInsuranceGroupPLC-AR_2020
3,762
Notes to the Parent Company financial statements 1) Basis of preparation RSA Insurance Group plc (the Company) is incorporated in England and Wales and is the ultimate Parent Company of the RSA Group of companies. The principal activity of the Company is to hold investments in its subsidiaries and the receipt and payme...
55
annual_report
PowszechnyZakladUbezpieczenSA-AR_2016
1,212
Alior Bank is an innovative and universal savings and loan bank for private persons, legal entities, and other domestic and foreign entities. The bank’s activity covers bank account maintenance, granting financial credits and loans, issuing securities, and foreign currency exchange. The bank also offers brokerage servi...
59
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2004
1,296
Result Prices on the international stock markets continued the upward trend that began in 2003 and closed with marked gains after their year-end rally. The German bond markets recorded an annual low of 3.7% for yields on ten-year government bonds, whilst the yield on us government bonds fell to a low of 4.2%.
53
annual_report
1170
389
Recent Statement of Financial Accounting Standards In June 1998, the Financial Accounting Standards Board (FASB) issued Statement of Financial Accounting Standards No. 133 (SFAS No. 133), Accounting for Derivative Instruments and Hedging Activities, which establishes accounting and reporting standards for derivative in...
95
10K
SwissReAG-AR_2010
3,409
Liabilities for life and health policy benefits The Group elected the fair value option for existing guaranteed minimum death benefit (GMDB) reserves related to certain variable annuity contracts which are classified as universal life-type contracts. The Group has applied the fair value option as the equity risk associ...
69
annual_report
AssicurazioniGeneraliSpA-AR_2014
1,822
To measure the value of land and buildings (investment properties), the Generali Group applies the cost model set out by IAS 40, and adopts the depreciation criteria defined by IAS 16. Please refer to the paragraph on land and buildings (self-used) for information about criteria used by the Group and finance leases of ...
56
annual_report
2222
384
After adjusting for HyperFeed's 1:10 reverse stock split in August 2003, PICO holds warrants to buy approximately 310,616 shares of HyperFeed common stock at an average price of $15.75 per share, exercisable by April 2005. At December 31, 2003, the price of HyperFeed's common stock was $6.14, and the warrants were carr...
58
10K
NatixisSA-AR_2009
3,039
The rate of acceptance of non-investment-grade risks is monitored on a monthly basis.
13
annual_report
TrygAS-AR_2020
1,643
The loss in Tryg A/S cannot be utilised in the Danish joint taxation scheme. The loss can be carried forward indefinitely. Loss determined according to Swedish and Finnish, German and Austria rules can be carried forward indefinitely. In Netherlands tax can be carried forward 6 years
46
annual_report
RaiffeisenBankInternationalAG-AR_2011
979
hereof foreign currency % 0.0% 0.0% 0.0 PP 0.0% 0.0% 0.0 PP
12
annual_report
Sampoplc-AR_2011
1,948
Investments related to unit-linked insurance contracts - 3,127 - - 3,127
11
annual_report
5545
1,316
On July 10, 2018, Company, Holdings and Sherman, Clay & Co. entered into a letter agreement (the "Letter") terminating the Agreement. The termination was effected by mutual written consent of the Parties pursuant to Section 7.01 of the Agreement, without any liability, obligation or penalty incurred by any Party.
49
10K
2924
1,546
benefits payable to retirees prior to Medicare eligibility and 11.00 percent for benefits payable to Medicare eligible retirees. The rate range was assumed to change gradually to a rate of 5.00 percent for 2008 and remain at that level thereafter.
40
10K
4780
1,383
In 2011, the Company recognized an income tax benefit associated with previously enacted reductions in federal statutory tax rates and adjustments to various provincial statutory tax rates in Canada. This 2007 tax rate change enactment included phased in effective dates through 2012. These adjustments in tax rates shou...
135
10K
3988
563
There were no financial instruments measured in accordance with ASC Topic 820 at December 31, 2008 or for the year then ended.
22
10K
SwissReAG-AR_1965
22
The aggregate underwriting result shows a deficit of Sw. frs. 21.4 million (previous year, Sw. frs. 3.3 million), thus reflecting the heavy commitment of our Accounts, to the extent of approximately Sw. frs. 23 million, by the "Betsy" catastrophe loss. This abnormal occurrence represents the greatest insurance loss eve...
57
annual_report
ch_zurich_insurance_group-AR_2009
281
Director Member of the Governance and Nominations Committee Member of the Risk Committee 2001 2010
15
annual_report
4747
441
The following table summarizes the charges incurred within the Company’s consolidated statement of operations related to profit enhancement initiative for the years ended December 31, 2013, 2012 and 2011:
29
10K
NatixisSA-AR_2018
2,757
Banks 3 Expert analysis-based rating models using quantitative criteria (accounting balance sheet) and qualitative criteria (questionnaire). Model by type of counterparty and by geographic area.
25
annual_report
HelvetiaHoldingAG-AR_2011
1,801
2011 Switzerland Germany Italy Spain Other Total in CHF million 2010 Switzerland Germany Italy Spain Other Total in CHF million
20
annual_report
AvivaPLC-AR_2014
1,785
In the case of LTIPs, where the committee determines EDs to be good leavers, vesting is normally based on the extent to which performance conditions have been met at the end of the relevant performance period, and the proportion of the award that vests is prorated for the time from the date of grant to final date of se...
91
annual_report
2079
427
EQUITY PRICE RISK Equity price risk is the potential economic loss from adverse changes in equity security prices. Although Infinity's investment in equity securities is only 2% of total investments, it is concentrated in a relatively limited number of positions; approximately four-fifths of the total is in three inves...
79
10K
GjensidigeForsikringASA-AR_2013
2,859
There are contractual obligations to tenants for renovating of NOK 0.5 million (6.0).
13
annual_report
AvivaPLC-AR_2008
4,040
Services provided by related parties There were no services provided by related parties in either 2007 or 2008.
18
annual_report
NatwestGroupPLC-AR_2007
1,077
Markets has added to its capabilities in deposits and investment products and has been rewarded by strong growth in these areas. Lending growth has been centred on high quality residential mortgages and small business loans, while personal unsecured lending was flat, as we limited our activity in the direct loans marke...
106
annual_report
StandardLifeAberdeenPLC-AR_2016
321
Further details on alternative performance measures including reconciliations to relevant IFRS metrics are provided in Supplementary information in Section 11. Definitions for APMs are included in the Glossary.
28
annual_report
3661
2,114
Our Disposed Operations segment includes the former Life Insurance Division, former Star HRG Division and former Student Insurance Division.
19
10K
1276
294
1997. Although the rate changes produced some minor dislocations, implementation of the new plan has not materially changed the Company's overall competitive position or its profitability.
26
10K
NatixisSA-AR_2016
6,549
Financial liabilities held for trading 88,787 22,868 65,089 830 94,153 23,213 69,380 1,560
13
annual_report
DirectLineInsuranceGroupPLC-AR_2012
2,464
Reinsurers’ share of general insurance Claims reported (397.8) (318.1) Claims incurred but not reported (511.6) (281.8)
16
annual_report
4599
2,157
(3) We define “NM” as not meaningful for increases or decreases greater than 200%.
14
10K
SwissLifeHoldingAG-AR_2013
1,524
Swiss Life – Annual Report 2013 exposure to credit risk of debt instruments – credit rating by class as at 31 December 2013
23
annual_report
3159
897
For both asbestos and environmental reinsurance claims, CATA establishes case reserves by receiving case reserve amounts from its ceding companies, and verifies these amounts against reinsurance contract terms, analyzing from the first dollar of loss incurred by the primary insurer. In establishing the liability for cl...
118
10K
NatixisSA-AR_2014
3,743
2014 saw the substantial development of sales cooperation with the Banque Populaire banks and Caisses d’Epargne, including the establishment of a nationwide commercial relations charter which started off with the signing of Banque Populaire Loire et Lyonnais.
37
annual_report
4083
1,405
The following table presents other information regarding stock options under the Lifeco plan during the year ended December 31, 2009:
20
10K
SwissReAG-AR_1990
641
The income from the Group's capital investments fell by 2.0% (previous year, rise of 22.5%) and (before the credit­ ing of interest in Life and Sickness business) reached a to­ tal of Sw.frs. 2,530 million (previous year, Sw.frs. 2,582 million). Of this amount, the interest on the Life insurance and Annuity fund accoun...
85
annual_report
NatixisSA-AR_2008
4,649
The fi rst chairmanship of the Supervisory Board will be occupied by a member from Groupe Banque Populaire until the start of the calendar year following the second year after they have commenced their duties. To this end, the BFBP Board of
42
annual_report
Sampoplc-AR_2017
272
Mandatum Life has been selected as one of the best workplaces in Finland for eight consecutive years.
17
annual_report
4429
908
In March 2008, the FASB issued authoritative guidance requiring (1) qualitative disclosures about objectives and strategies for using derivatives, (2) quantitative disclosures about fair value amounts of gains and losses on derivative instruments and related hedged items and (3) disclosures about credit-risk-related co...
96
10K
fr_axa-AR_2011
4,476
Solvency II directive regarding the “taking-up and pursuit of the business of insurance and reinsurance” was adopted by the European Council in November 2009 and includes rules regarding, among other things, valuations, own funds, capital requirements and investments.
38
annual_report
3253
897
determine the supplemental data that would be necessary to fully address the consistencies and trends on which our key assumptions and related underlying assumptions are based and to acquire and input such supplemental data;
34
10K
AdmiralGroupPLC-AR_2019
4,114
Impact of reinsurer caps – – – – 0.2 – 0.2 0.2 *1 The intra-group expenses elimination amount relates to aggregator fees charged by the Group’s comparison entities to other Group companies.
32
annual_report
932
172
ESG Re leases office space in Bermuda, Dublin, Hamburg, Toronto, Miami, Hong Kong and London and owns an office located in the Soviet State of Georgia. The owned property is currently valued at $252,000. The Company believes its space is adequate to meet its current and expected needs.
48
10K
5208
1,496
The reconciliation of the short-duration long-term disability unpaid claims liability to the total unpaid claims liability in the consolidated balance sheet is as follows for 2016, 2015 and 2014:
29
10K
5453
1,952
PLC also has a supplemental matching contribution program, which is a nonqualified plan that provides supplemental matching contributions in excess of the limits imposed on qualified defined contribution plans by federal tax law. The expense recorded by PLC for this employee benefit was $1.1 million, $0.6 million, and ...
56
10K
StandardLifeAberdeenPLC-AR_2020
2,089
The strategic asset management partnership (under which the Group manages £171.5bn of Phoenix assets at 31 December 2020) will be extended and will now operate for at least 10 years up to February 2031.
34
annual_report
4296
1,213
The primary investment objective of the pension plan is to achieve maximum rates of return commensurate with safety of principal. The pension plan asset allocation is reviewed annually to determine whether the portfolio mix is within an acceptable range of the target allocation. Target asset allocations are based on as...
93
10K
5738
1,085
The net impact of reinsurance was more favorable by $14.1 million for the year ended December 31, 2019, as compared to the year ended December 31, 2018, primarily due to lower revenue partly offset by lower ceded benefits and expenses. For the year ended December 31, 2019, ceded revenues decreased by $24.3 million, whi...
70
10K
2392
1,862
The increase in operating income in 2004 compared to 2003 and 2003 compared to 2002 was caused in part by strong growth, particularly overseas, fewer capital losses realized in 2004 compared to 2003, and the decline in realized capital losses in 2003 compared to 2002.
45
10K