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ch_zurich_insurance_group-AR_2005
1,433
(and subsidiaries) New York, NY General Insurance 100.00 100.00 USD 5.0
11
annual_report
SwissLifeHoldingAG-AR_2015
1,525
Functional and presentation currency Items included in the financial statements of the Group are measured using the currency of the primary economic environment in which the Group’s entities operate (the “functional currency”). The consolidated financial statements are presented in millions of Swiss francs (CHF), which...
50
annual_report
HannoverRueckSE-AR_2004
295
Thanks to our conservative reserving policy and our reduced participation in the soft market years, we again had no need to establish significant additional reserves for past underwriting years.
29
annual_report
4625
962
The facility contains certain financial covenants, which include capital expenditure limitations, minimum interest coverage requirements, maximum leverage ratio requirements, minimum risk-based capital requirements, maximum loss ratio limitations, minimum fixed charge coverage ratios and a minimum consolidated net wort...
129
10K
1142
833
We are presently evaluating the impact of recent commercial airline crashes that occurred in 2000, including the Alaska Air crash.
20
10K
HelvetiaHoldingAG-AR_2016
794
II. Compensation paid to the Board of Directors and the Executive Management in 2016
14
annual_report
77
505
Rental expense for the years ended December 31, 1994, 1993 and 1992 was approximately $8.7 million, $6.6 million and $11.4 million, respectively. At December 31, 1994, the Company and its subsidiaries had long-term leases covering certain of their facilities and equipment. The net minimum rental commitments under nonca...
80
10K
5844
807
Cash flows used in investing activities in 2019 primarily consisted of the net additions to the investment portfolio of our regulated subsidiaries (including transfers from cash and cash equivalents to long-term investments) and capital expenditures.
35
10K
5732
592
Compensation and benefits decreased $49 million, or 1%, in 2019 compared to 2018. The decrease was primarily driven by a $173 million favorable impact from foreign currency translation, $144 million of incremental savings from restructuring and other operational improvement initiatives, and a $47 million decrease in ex...
74
10K
AvivaPLC-AR_2007
3,234
(i) Future contractual aggregate minimum lease rentals receivable under non-cancellable operating leases are as follows: £m £m
17
annual_report
fr_axa-AR_2010
10,378
AXA GLOBAL P&C (ex AXA CESSSIONS) 85 26 100.00% 105 9, avenue de Messine - 75009 PARIS
17
annual_report
StandardLifeAberdeenPLC-AR_2020
289
Asking more of ourselves Every day we look for ways to go further for our clients, to be a better and more inclusive employer, and to reduce our environmental impacts.
30
annual_report
1842
787
Net investment income for the year ended December 31, 2001 was $30.7 million as compared to $6.9 million for the year ended December 31, 2000 and $6.9 million for the year ended December 31, 1999. Approximately $24 million of the increase in net investment income for the year ended December 31, 2001 was attributable to...
229
10K
5272
668
Cash on our balance sheet includes funds available for general corporate purposes, as well as amounts restricted as to their use. Funds held on behalf of clients in a fiduciary capacity are segregated and shown together with uncollected insurance premiums in Fiduciary assets in the Consolidated Statement of Financial P...
74
10K
HannoverRueckSE-AR_2011
1,998
tions for the Hannover Re Group and – among other measures
11
annual_report
SwissReAG-AR_2015
3,763
Company exclusions Our Sustainability Risk Framework policies specify certain criteria that may lead us to exclude a company from both our re/insurance transactions and our investments, to the extent that such an exclusion is permissible (eg by virtue of mandatory law or internal policies) and possible (eg if existing ...
98
annual_report
4853
1,192
The company holds non-sovereign securities, where the issuer is located in the Euro Area, an economic and monetary union of certain member states within the European Union that have adopted the Euro as their common currency. As of December 31, 2013, the fair value of such securities was $83.1 million, with an amortized...
106
10K
de_allianz-AR_2006
2,449
Equity securities 30.1 7.7 Debt securities 64.2 4.2 Real estate 5.3 4.7
12
annual_report
1959
649
The New Jersey Insurance Commissioner Currently Has the Authority to Place MIIX in Supervision, Rehabilitation or Liquidation.
17
10K
3097
1,178
The following tables set forth our selected financial data and other financial information at the end of and for each of the years in the five-year period ended December 31, 2006. This historical financial information was prepared in accordance with GAAP. The consolidated statement of operations data for the years ende...
127
10K
4622
1,734
Forwards: The Company uses forward contracts to hedge certain invested assets against movement in interest rates, particularly mortgage rates. The Company uses To Be Announced securities as an economic hedge against rate movements. The Company utilizes these contracts in non-qualifying hedging relationships.
42
10K
NatixisSA-AR_2014
4,982
Subsequently, fi nancial guarantees are stated at the higher of: V the amount initially recognized upon inception less, where appropriate, the amount of amortization recorded in line with the principles outlined in IAS 18 “Revenue”. This amortization represents the deferred recognition of the fees received over the per...
87
annual_report
5123
955
Reinsurance recoverable asset balances represent amounts due from or credited by assuming reinsurers for paid and unpaid claims and premium reserves. Such reinsurance balances are recoverable from non-admitted foreign and certain other reinsurers such as captive insurance companies owned by assureds, as well as similar...
149
10K
ch_zurich_insurance_group-AR_2010
1,323
Table 14 as of December 31Other loans by rating of issuer
11
annual_report
5922
961
As discussed in Note 15 to the consolidated financial statements, the Company changed its method of accounting for leases on January 1, 2019, on a modified retrospective basis due to the adoption of Financial Accounting Standards Board Accounting Standards Codification 842, Leases, and related amendments.
45
10K
ScorSE-AR_2014
248
4.1.16 SCOR IS EXPOSED TO A HIGHER RATE OF GENERAL INFLATION
11
annual_report
2566
1,475
In conducting its operations, the Company routinely holds customers’ assets in escrow, pending completion of real estate transactions. Certain of these amounts are maintained in segregated bank accounts and have not been included in the Consolidated Balance Sheets. As a result of holding these customers’ assets in escr...
88
10K
de_allianz-AR_2013
2,660
The following tables present the fair value hierarchy for financial instruments carried at fair value in the consolidated balance sheets as of 31 December 2013 and 2012.
27
annual_report
5739
8,341
(2) During 2019, BAM issued policy endorsements for certain policies issued in periods prior to the second quarter of 2018. The impact of
23
10K
4062
906
During 2003, the Company issued a $140,000 mortgage receivable to an agent of the Company. The note required a monthly payment, including interest at 6%, of $1,003, which is based on a 20 year amortization. The note included a 5 year balloon payment, which became due January 2009. In January 2009, the Company extended ...
139
10K
5743
1,412
and incurred loss development methods in the reserving process. Our reinsurance operations make a number of key assumptions in reserving for medium-tail and long-tail lines, including that the pricing loss ratio is the best estimate of the ultimate loss ratio at the time the contract is entered into, historical paid an...
158
10K
RaiffeisenBankInternationalAG-AR_2011
1,298
The effects due to the merger of the principal business areas of RZB with Raiffeisen International in the year 2010 amounted to € 2,325,259 thousand and consist of the participation capital amounting to € 2,500,000 thousand and retained earnings of € 299,757 thousand, which were transferred and a capital increase of € ...
97
annual_report
3421
5,431
Policy benefits, including policyholder dividends, decreased primarily due to lower benefit and changes in reserves for participating life insurance, primarily related to lower renewal premiums and lower scheduled withdrawals for corporate-owned life insurance. In addition, dividend expense was lower and interest credi...
117
10K
RaiffeisenBankInternationalAG-AR_2013
527
Stable basis for refinancing RBI’s refinancing is based on two key elements: firstly, on customer deposits, which at the end of 2013 accounted for € 66.4 billion, or 59 per cent, of refinancing; and secondly, on wholesale funding which totaled € 45.8 billion, or the remaining 41 per cent. The high share of customer dep...
70
annual_report
5958
4,120
Contracts that do not subject the Company to significant risk arising from mortality or morbidity are referred to as investment contracts. Fixed annuities, including market value adjusted annuities, equity-indexed annuities and immediate annuities without life contingencies, are considered investment contracts. Conside...
88
10K
gb_prudential-AR_2017
2,706
The Executive Directors’ bonus opportunity, performance measures and weightings will remain the same as in 2017. The Executive Directors’ long‑term incentive awards will be made under the PLTIP and the opportunity, performance measures and weightings will remain the same as 2017 other than: — Following the merger of St...
71
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2000
595
Our risk management system enables us to use our knowledge gained from many years’ experience to make the above risks controllable for us.
23
annual_report
RaiffeisenBankInternationalAG-AR_2017
2,703
2017 in € thousand Level I Level II Level III Fair value Carrying amount Difference
15
annual_report
3440
590
NSFC is similarly restricted in the amount of dividends payable to the Company; dividends may not exceed the greater of 10% of statutory surplus as of the end of the preceding year, or net income for the preceding year. At December 31, 2007, NSFC’s retained earnings unrestricted for the payment of dividends in 2008 amo...
57
10K
2583
503
S&P and Moody's have assigned ratings on our senior secured debt of "BB- (Marginal)" and "B2 (Poor)", respectively. In S&P's view, an obligation rated "BB-" is less vulnerable to nonpayment than other speculative issues, but the obligor currently has the capacity to meet its obligation. S&P has a total of twenty-two se...
114
10K
5463
723
since they were based on current market rates offered for debt with similar risks and maturities, an unobservable input categorized as Level 3. Carrying values of certain financial instruments, such as cash and cash equivalents and premiums, fees, and commissions receivable, approximate fair value due to the short-term...
80
10K
2335
1,307
LNC maintains three revolving credit agreements with a group of domestic and foreign banks totaling $536 million. One agreement, in the amount of $300 million, expires in December 2005 and the second agreement, in the amount of $200 million, expires in February 2007. The Lincoln UK agreement was renewed in January 2004...
137
10K
2192
844
On December 16, 2002, Dorinco filed a motion seeking an order that the treaty does not cover developmental losses related to loss occurrences prior to July 1, 1997. On May 1, 2003, the panel in the arbitration ruled that Dorinco was not responsible for losses on any policy or other insurance or reinsurance contract ter...
159
10K
1894
731
In 2002, GMS, ACL and minority owners organized new companies to unload bauxite in Venezuela. The "GMSV" companies are Global Materials Services Venezuela C.A., GMS Venezuela Terminal Partners LLC and GMS Venezuela Terminal Holdings LLC. Danielson, through its ownership of ACL and GMS, has a 57% ownership interest in G...
50
10K
881
445
Cash provided by (used in) investing activities was $5,556,955, ($2,994,652) and $15,807,796, for 1998, 1997 and 1996, respectively. The most significant aspect of cash provided by (used in) investing activities are the fixed maturity transactions. Fixed maturities account for 84%, 72% and 82% of the total cost of inve...
95
10K
2556
633
C-BASS is a mortgage investment and servicing firm specializing in credit-sensitive single-family residential mortgage assets and residential mortgage-backed securities. C-BASS principally invests in whole loans (including subprime loans) and mezzanine and subordinated residential mortgage-backed securities backed by n...
102
10K
fr_axa-AR_2003
39
Throughout 2003, corporations responded to the financial market depreciation of previous years by refocusing on their core business. Intensive efforts in this direction were made by the insurance industry in general and by AXA in particular, where efforts initiated earlier were pursued with intensity. At the same time,...
102
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2018
647
New business direct life Germany 2018 Prev. year Change €m €m %
12
annual_report
5118
268
On August 31, 2015, the Company exchanged the aggregate $127,000 non-interest bearing demand notes payable to Paragon Capital LP for a new promissory note in the aggregate amount of $127,000. The note is due on August 31, 2017 and bears an interest rate of 6% per annum. While the note is outstanding, the outstanding pr...
80
10K
5221
1,345
In September 2016, the Company borrowed $160.0 million under the credit facility to fund acquisitions and to partially fund its obligation in connection with the termination of its funded defined benefit pension plans. At December 31, 2016, outstanding borrowings under the facility totaled $160.0 million at an interest...
88
10K
CNPAssurancesSA-AR_2000
635
ECONOMIC OVERVIEW The slowdown affecting the USA since summer 2000 deepened and spread to the rest of the world during 2001. The US downturn was triggered by a fall in capital spending in the wake of earnings downgrades, especially in the TMT sector, and the economy officially went into recession in March 2001. The bol...
131
annual_report
AegonNV-AR_2019
2,028
1,313,751 in 2019. Mr. Rider’s annual fixed compensation increased with 2.5% from EUR 918,000 to EUR 940,950 per
18
annual_report
gb_lloyds_banking_grp-AR_2019
6,826
Off-balance sheet items: Other items serving as direct credit substitutes 366 – 366 632 – 632
16
annual_report
LloydsBankingGroupPLC-AR_2018
1,335
8. Stuart Sinclair Independent Director Appointed: January 2016 Skills and experience: Extensive experience in retail banking, insurance and consumer finance Governance and regulatory experience
24
annual_report
272
468
Net premiums earned increased 8.8% from $61,829,000 in 1994 to $67,298,000 in 1995. The increase in net premiums earned reflects the increased premium writings in the latter half of 1994 which were earned during 1995. The Company earns premiums ratably over the estimated bond terms.
45
10K
5805
419
The following table presents a reconciliation of the major classes of line items constituting pretax profit (loss) of discontinued operations to the after-tax profit (loss) of discontinued operations that are presented in the Company’s consolidated statement of operations for the years ended December 31, 2019 and 2018.
47
10K
4277
1,038
The following table sets forth data from our Consolidated Statements of Operations, as well as other key data used in our results of operations discussion. The historical results are not necessarily indicative of results to be expected for any future period.
41
10K
BaloiseHoldingLtd-AR_2011
2,372
Carried at cost – – – 28.2 – 28.2 total realised gains and losses on investments 1 In respect of disposal and book losses / profits realised on mortgages and loans recognised at fair value, a fair value hedging gain of CHF 0.3 million was applied.
46
annual_report
3378
728
Subprime - A first- or second-lien residential mortgage loans made to a borrower who has a history of delinquency or other credit problems.
23
10K
HannoverRueckSE-AR_2015
2,474
This item consists of the present value of future cash flows recognised on business acquired in 2009 in the context of the acquisition of the ING life reinsurance portfolio. This intangible asset is amortised over the term of the underlying reinsurance contracts in proportion to the future premium income. The period of...
78
annual_report
PhoenixGroupHoldingsPLC-AR_2019
2,509
Transfer of reserve (note A1) – (3,077) – – – – 3,077 – – – –
16
annual_report
5427
10,146
As of December 31, 2016, the fixed income portfolio duration, including short-term investments, was approximately 2.8 years, compared to 2.2 years as of December 31, 2015. The increase in the duration of the fixed income portfolio over this period was primarily a result of buying into the fourth quarter bond market sel...
82
10K
AvivaPLC-AR_2019
117
The KPIs to assess performance against these new targets have been included in the analysis below and in the Chief Financial Officer’s review. New KPIs are identified by the symbol .
31
annual_report
AvivaPLC-AR_2017
3,268
Our long-term business comprises life insurance, long-term health and accident insurance, savings, pensions and annuity business written by our life insurance subsidiaries, including managed pension fund business. Long-term business also includes our share of the other life and related business written in our associate...
57
annual_report
ASRNederlandNV-AR_2017
504
1 Usage of electricity and gas 2 Gold Standard Project Bolivia: Compensation via Gold Standard certificates stands for the amount of CO2 that the forest holds. Trees are planted if necessary, but compensation also takes place by the conservation of the forest through education, alternative income support for local resi...
51
annual_report
fr_axa-AR_2006
209
In addition to the agenda, this documentation may also include information on issues pertaining to the Group’s operations (e.g. a presentation on a particular operating Company’s strategy and priorities) or a presentation on a particular subject (e.g. the brand, a transversal project...).
42
annual_report
5450
975
ASU 2018-02, Income Statement - Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income
20
10K
2952
959
Net income for 2004 rose $18.7 million to $86.0 million, or $1.66 per diluted share, compared to $67.3 million, or $1.48 per diluted share in 2003. Diluted earnings per share rose 12.2% as compared to an increase in net income of 27.8% due to the increase in shares outstanding primarily resulting from the issuance of 6...
64
10K
4593
1,231
On August 23, 2012, a putative stockholder class action lawsuit captioned Coyne v. Wise et al., C.A. No. 367380, was filed in the Circuit Court for Montgomery County, Maryland, against the Coventry Board of Directors, Coventry, Aetna and Merger Sub. On August 27, 2012, a second putative stockholder class action lawsuit...
330
10K
NatwestGroupPLC-AR_2014
103
• Total net lending flows reported within the scope of the Funding for Lending Scheme were minus £2.28 billion in Q4 2014, of which net lending to SMEs was minus £567 million.
32
annual_report
AegonNV-AR_2016
3,862
The sensitivity analysis of net income and shareholders’ equity to changes in equity prices is presented in the table below.
20
annual_report
NatwestGroupPLC-AR_2010
4,732
In particular, the performance of the Group may be affected by economic conditions impacting EU member states. For example, the financial problems recently experienced by the governments of certain EU member states (including Greece and Ireland) may lead to the issuance of significant volumes of debt by such member sta...
221
annual_report
575
553
In accordance with General Instruction G(3), the information required by this Item 11 is incorporated by reference herein from the material under the headings "Executive Compensation" and "Incentive Stock Option Plans" contained in the Company's definitive proxy statement filed with the Commission relating to the Compa...
57
10K
BeazleyPLC-AR_2015
493
Most of the business we underwrite takes some time to generate claims and we therefore frequently have an opportunity to release prior year reserves into our earnings as claims crystallise. These reserve releases contributed $38.7m to our result in 2015 (2014: $29.7m).
42
annual_report
ASRNederlandNV-AR_2010
482
ASR Nederland has now reached the stage that a strategic asset mix has been established based on the principles of Solvency II. The ECAP Model will also be rolled out across the divisions. ‘At macro level, all risk categories have been identified. But we can now also calculate our performance per risk category, and see...
97
annual_report
PhoenixGroupHoldingsPLC-AR_2011
695
There are change of control clauses contained in certain of the Group’s financing agreements. Upon a change of control of the Company, the principal amounts outstanding and the accrued interest under the Pearl and Impala facility agreements, the Pearl loan notes, the Royal London PIK facility and Royal London PIK notes...
62
annual_report
5703
984
The 7.1-point decrease in the combined ratio in 2019 compared to 2018 was driven by lower weather and non-weather related property losses, as shown in the table below. The higher non-catastrophe property losses in 2018 were principally related to the January deep freeze in our footprint states, coupled with the relativ...
96
10K
INGGroepNV-AR_2006
306
The value of new business (VNB) decreased by 3.1% to EUR 219 million, caused by declines in the Netherlands (–21%) and Belgium (–47%), as a result of margin pressure, higher discount rates and the new commission agreement with ING Bank Belgium. This decline was largely offset by strong value creation in Central and Res...
94
annual_report
3440
354
At December 31, 2007 less than 1% of total investments in the fixed income portfolio was classified as below investment grade. Due to the high concentration of government and agency securities, we have experienced no material write-downs during 2007 in values of investments in the fixed income portfolio.
48
10K
5671
1,336
During 2019, foreign exchange hedges resulted in $2 million of net gains which primarily related to securities denominated in euro which experienced volatility during 2019. We also recorded net losses of $4 million related to interest rate swaps.
38
10K
4781
666
Homeowners insurance incurred losses and LAE were $264.5 million, or 85.7% of homeowners insurance earned premiums, for the year ended December 31, 2012, compared to $293.5 million, or 99.5% of homeowners insurance earned premiums, in 2011. Homeowners insurance incurred losses and LAE as a percentage of homeowners insu...
237
10K
3704
2,118
The lower operating expense ratio in 2007, compared to both 2008 and 2006, reflected recoveries on reinsurance receivable balances that had previously been written-off.
24
10K
3281
1,226
Cincinnati Financial Corporation - 2007 Annual Report on 10-K - Page 54
12
10K
1116
546
CGA monitors its exposure on a routine basis and stays in close contact with DCR to ensure that its AAA rating is maintained. CGA has a $20 million excess of loss reinsurance facility agreement and can also arrange reinsurance on an as needed basis to manage its exposure. The Company also has commitments which expire J...
126
10K
INGGroepNV-AR_2013
3,695
(2) Non-cash proceeds include the shares in Capital One Financial Corporation received. (3) The gain/loss on disposal comprises the sales proceeds, the net assets disposed, the expenses directly related to the disposal and the realisation of unrealised reserves.
38
annual_report
1479
466
The net redemption value per share of the Class A Common Shares was as follows:
15
10K
NatwestGroupPLC-AR_2006
2,522
Net cash inflow from operating activities 17,441 4,140 5,099 3,648 4,413 3,097 *restated (see Note 48).
16
annual_report
AvivaPLC-AR_2014
4,824
Consolidated cash flows1 The cash and cash equivalents consist of cash at banks and in hand, deposits held at call with banks, treasury bills and other short-term highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of change in value. For the pu...
80
annual_report
ScorSE-AR_2020
2,846
For the Life business unit, the main exposure arises in the U.S, accounting for EUR 283 million of claim costs, net of retrocession and before tax. In other markets, Covid-19 related claims amount to EUR 31 million (net of retrocession and before tax) in 2020. Key assumptions in determining claims costs include epidemi...
74
annual_report
NatwestGroupPLC-AR_2017
3,771
Jonathan Bourne (Senior Statutory Auditor) for and on behalf of Ernst & Young LLP, Statutory Auditor London 22 February 2018
20
annual_report
3774
1,355
Monetary assets and liabilities denominated in foreign currencies are translated at the spot rate at the balance sheet date. Non-monetary assets and liabilities are recorded at historical rates. Revenues and expenses denominated in foreign currencies are translated at average rates prevailing during the year. Unrealize...
55
10K
StandardLifeAberdeenPLC-AR_2015
2,624
Non-economic assumptions decrease net of reinsurance of £82m includes a decrease of £43m in respect of participating business which is primarily in respect of changes in the best estimate non-economic assumptions used in calculating the value of future transfers to equity holders in respect of participating business in...
74
annual_report
HelvetiaHoldingAG-AR_2006
355
6.1 Voting right restrictions, proxy voting Certain restrictions on voting rights that are identical to restrictions relating to the transferability of registered shares of Helvetia Holding AG are described in section 2 above.
33
annual_report
AssicurazioniGeneraliSpA-AR_2015
3,203
Liquidity Risk Model With the aim of implementing a consistent liquidity risk monitoring approach at Group level, the main Business Units provide periodically the HO with a specific tool, the Liquidity Risk Model, which has the ability to highlight possible future liquidity issues both in a business-as-usual scenario a...
52
annual_report
gb_prudential-AR_2012
4,384
‡ The experience adjustments on scheme liabilities in 2011 of £314 million related mainly to the ‘true-up’ refl ecting improvements in data consequent upon the ongoing 2011 triennial valuations of PSPS and the Scottish Amicable pension scheme. The experience adjustments on scheme liabilities in 2008 of a gain of £145 m...
70
annual_report
AssicurazioniGeneraliSpA-AR_2016
2,015
The item includes income taxes for the period and for previous years, deferred taxes and tax losses carried back.
19
annual_report
5462
3,522
As of December 31, 2017, the IBNR claims reserve for the title insurance and services segment was $875.7 million, which reflected management’s best estimate. The Company’s internal actuary determined a range of reasonable estimates of $716.3 million to $910.9 million. The range limits are $159.4 million below and $35.2...
109
10K
2710
1,301
During May 2005, First Professionals and APAC entered into agreements to commute their 25% quota share reinsurance ceded to American Professional Assurance, Ltd. (“APAL”). Under the terms of the agreements, the two companies assumed policy liabilities previously ceded under the contracts of approximately $10.2 million ...
69
10K
RaiffeisenBankInternationalAG-AR_2009
15
Core capital ratio (Tier 1), total 11.0% 2.9 PP 8.1% 10.5% 9.0% 8.0%
13
annual_report
4980
18,645
A decrease of $180.1 million in the unlock of PFBL and guaranteed benefit liabilities, which provided a benefit of $137.5 million for the year ended December 31, 2013 compared to a charge of $42.6 million for the year ended December 31, 2012. The unlock benefit in 2013 is driven primarily by changes in policyholder beh...
69
10K