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1163
354
Litigation: Torchmark and its subsidiaries continue to be named as parties to legal proceedings. Because much of Torchmark's litigation is brought in Alabama, a jurisdiction known for large punitive damage verdicts bearing little or no relationship to actual damages, the ultimate outcome of any particular action cannot...
82
10K
1874
472
Net premiums written for the commercial umbrella product line increased $40.5 million, or 43.9% in 2002 to $132.7 million, compared with $92.2 million in 2001 and $65.6 million in 2000. The 2002 and 2001 increases were primarily generated by renewal price increases in 2002, 2001 and 2000. The average renewal price incr...
93
10K
4226
881
Liquidity is a measure of our ability to generate sufficient cash flows to meet the cash requirements of business operations. As a holding company, our primary ongoing source of cash is dividends from our insurance subsidiaries. However, dividend payments to us by our insurance subsidiaries are subject to limitations i...
84
10K
AvivaPLC-AR_2013
2,567
Total 60 1,145 24 1,229 132 1,341 43 1,516 1 Restated for the adoption of IFRS10. Refer to note 1 for further details
23
annual_report
2558
469
The Company is recording its ultimate loss and LAE reserves for the discontinued bond program based primarily on loss reports received by the Company from the insurance carriers. The Company relies heavily on the insurance carriers’ estimates of ultimate incurred losses included in these reports. As of December 31, 200...
211
10K
3245
766
Our primary sources of liquidity are cash flow provided by our operations, available cash on hand and our revolving credit facility. We generated cash from operating activities of $167.6 million during the year ended December 31, 2006, compared to $72.1 during the year ended December 31, 2005.
47
10K
5201
497
The following is information, by significant product lines, about incurred and paid claims development as of December 31, 2016, net of reinsurance, as well as the cumulative number of reported claims and the total of IBNR reserves plus expected development on reported claims included within the net incurred claims amou...
50
10K
fr_axa-AR_2015
741
On February 3, 2016, AXA announced that it has entered into an agreement with OTP Bank Plc to sell its Hungarian banking operations.
23
annual_report
ch_zurich_insurance_group-AR_2004
682
General Insurance experienced growth in gross written premiums and policy fees of 4% (–1% in local currency) to USD 37.6 billion in 2004. After adjusting for divestments of businesses as well as exchange rate effects, premiums remained level. On a similar basis, net earned premiums increased by 7% still reflecting the ...
82
annual_report
4722
1,991
This increase is net of a decline in the fair value of fixed maturity investments of $109.2 million during 2013, principally the result of rising interest rates during the period. During 2013, the yield on the 10-year U.S. Treasury bond increased by 126 basis points to 3.04%, as of December 31, 2013. The 10-year U.S. T...
126
10K
1994
408
There were no realized gains and losses for fixed maturity securities classified as available-for-sale and held-to-maturity that were called during the year ended December 31, 2002, 2001 and 2000.
29
10K
5124
529
The process of assessing the loss provision rate and the resulting IBNR reserve involves evaluation of the results of an in-house actuarial review. The Company’s in-house actuary performs a reserve analysis utilizing generally accepted actuarial methods that incorporate cumulative historical claims experience and infor...
146
10K
TrygAS-AR_2004
1,079
A few items in the income statement and balance sheet have been reclassified relative to last year. The reclassifications do not affect the results or shareholders’ equity.
27
annual_report
AvivaPLC-AR_2014
4,859
O ther inform ation Aviva plc Annual report and accounts 2014 | 293
13
annual_report
5907
609
(1)A negative amount of change indicates more expense was deferred than amortized and represents a decrease to expenses in the period indicated.
22
10K
AdmiralGroupPLC-AR_2012
1,395
6. Other creditors – due within one year £m 31 December £m
12
annual_report
2260
893
The following table depicts the interest spread on average general account values in the Individual Annuity segment for the years ended December 31:
23
10K
AvivaPLC-AR_2020
1,958
Share plan operation and performance testing • Reviewed performance testing of all existing LTIP awards, and approved targets for the 2020 LTIP awards • Approved vesting of the 2017 LTIP and noted the interim testing for the 2018, 2019 and 2020 awards • Reviewed the proposed changes to future LTIP grants • Reviewed and...
75
annual_report
HannoverRueckSE-AR_2005
1,286
The disposals refer to the sale of a developed property by E+S Rück AG.
14
annual_report
2964
931
Our Health Care segment’s summarized results of operations for the year ended December 31, 2006 and 2005 are as follows:
20
10K
4060
8,312
A reduction in workers compensation severity in accident years 2003 through 2006 was observed during 2008 and led to the recognition of favorable development for those accident years in 2008. An increase in workers compensation medical severity in accident years 2002 and prior was observed during 2008 and led to the re...
106
10K
fr_axa-AR_2019
10,776
We conducted our audit engagement in compliance with independence rules applicable to us, for the period from January 1, 2019 to the date of our report and specifically we did not provide any prohibited non-audit services referred to in Article 5(1) of Regulation
43
annual_report
5801
691
The conversion rate for the Convertible Notes was initially 67.0264 shares of common stock per $1,000 principal amount of Convertible Notes (equivalent to an initial conversion price of approximately $14.92 per share of common stock). The conversion rate is subject to adjustment in certain circumstances and is subject ...
91
10K
5465
1,222
OTTI unrealized losses in the tables above represent OTTI recognized in accumulated other comprehensive income. This amount excludes net unrealized gains on impaired securities relating to changes in the value of such securities subsequent to the impairment measurement date of $11.5 million and $21.4 million as of Dece...
53
10K
StandardLifeAberdeenPLC-AR_2012
171
Our investment process is founded on our own primary research and due diligence processes. This is implemented through a comprehensive and robust investment screening procedure which is applied consistently by our teams.
32
annual_report
5043
1,129
As of December 31, 2015, our common stock was last traded at a price of $139.44 per share. If the remaining Debentures had been converted or matured at December 31, 2015, we would be obligated to pay the principal of the Debentures plus an amount in cash or shares equal to $452.3. The Debentures and underlying shares o...
132
10K
2698
640
$16.6 write down on debt of Dairy Holdings (a subsidiary of Parmalat). This issuer defaulted on this security and subsequently filed for bankruptcy protection. This is the only exposure we had to Parmalat. This security was sold for its written down value in 2003. This had no impact on other holdings in our portfolio.
54
10K
3005
898
Much of TRH’s capital is invested in fixed income or equity securities.
12
10K
4171
1,141
Operating earnings or loss available to common shareholders (Operating Earnings or Loss): Management uses Operating Earnings or Loss to measure its financial performance as this measure focuses on the underlying fundamentals of the Company’s operations by excluding net realized and unrealized gains or losses on investm...
244
10K
AvivaPLC-AR_2020
2,327
Impact on Estimation Uncertainty in the Financial Statements The pandemic has increased the level of estimation uncertainty in the financial statements. The Directors have therefore considered how COVID-19 has impacted the key estimates that determine the valuation of material balances, particularly the Non Life Insura...
57
annual_report
4303
673
We produced positive cash flow in the three-year period ending December 31, 2010. Our positive cash flow from continuing operations reduces the need to liquidate portions of our debt securities portfolio to pay for current claims of our insurance operating units. This positive cash flow also permits us, as attractive i...
194
10K
4551
678
A reconciliation of reported net (loss) income from continuing operations and reported earnings per diluted share from continuing operations, the most directly comparable GAAP measures, to adjusted net income from continuing operations and adjusted earnings per diluted share from continuing operations is as follows (in...
50
10K
NatixisSA-AR_2005
3,686
Dividends paid in the past five years: *To be proposed at the annual general meeting on May 18, 2006.
19
annual_report
5685
1,069
In January 2016, the FASB issued guidance that generally requires entities to measure equity investments at fair value and recognize changes in fair value in their results of operations. This guidance also simplifies the impairment assessment of equity investments without readily determinable fair values by requiring e...
168
10K
3965
1,310
The deferred policy acquisition costs on traditional life and health products are amortized with interest over the anticipated premium-paying period of the related policies, in proportion to the ratio of annual premium revenue to be received over the life of the policies. Expected premium revenue is estimated by using ...
95
10K
de_allianz-AR_2003
659
Dow Jones EURO STOXX Insurance 16.5 – 12.5 2.4 *) Adjusted for capital measures (capital increase)
16
annual_report
4321
582
Residential mortgage originations in the United States (based on the total dollar value of the transactions) decreased 24.6% in 2010 when compared with 2009, according to the Mortgage Bankers Association’s January 14, 2011 Mortgage Finance Forecast (the “MBA Forecast”). This decrease was due to a decline in both purcha...
115
10K
StorebrandASA-AR_2012
2,546
Total bond and bank loans2 3,492 3,544 1) Loans with fixed rates are hedged by interest swaps, which are booked at fair value through profit and loss. Changes in values of loans that can be related to the hedged risk are included in the carrying amount and included in the result. 2) Loans are booked at amortised cost a...
94
annual_report
ch_zurich_insurance_group-AR_2009
540
The number of share awards that vested in 2009 to members of the Group Executive Committee serving in 2009 from the performance share grants made in 2006, 2007 and 2008 was 44,740. This represented a basic vesting level of 170 percent of target for the 2007 and 2008 grants and 126 percent of target for the 2006 grant g...
85
annual_report
4390
1,144
common shares under the Equity Plan. As of December 31, 2011, a total of 0.9 million common shares are available for issuance under the Equity Plan. The Equity Plan provides that (i) no more than 33% of the common shares authorized for issuance under the Equity Plan may be granted in the form of awards other than stock...
151
10K
3575
1,703
Net loss decreased $21 million in 2006 as compared with 2005, driven by increased net investment income. A significant portion of the increase in net investment income was offset by a corresponding increase in the policyholders’ funds reserves supported by the trading portfolio. The portion not offset by the policyhold...
163
10K
4604
2,022
The non-credit related portion of other-than-temporary impairment charges is included in other comprehensive income. Cumulative charges taken for residential MBS still owned at both December 31, 2012 and December 31, 2011 were $227 million.
34
10K
3553
745
369,000 PSUs granted between December 20, 2005 and February 20, 2006 valued at $10.00 on the grant date. The $10.00 valuation was based on the subscription price paid by investors in the private placement on December 20, 2005 and additional closings on February 1, 2006 and February 23, 2006. The valuation was selected ...
86
10K
3029
708
In September 2005, the AICPA issued Statement of Position 05-1, “Accounting by Insurance Enterprises for Deferred Acquisition Costs (“DAC”) in Connection with Modifications or Exchanges of Insurance Contracts”, (“SOP 05-1”). SOP 05-1 provides guidance on accounting by insurance enterprises for DAC on internal replaceme...
201
10K
5499
650
The key assumptions used in estimating the fair value of our reporting units utilizing the income approach include the discount rate and the terminal growth rate. The discount rates utilized in estimating the fair value of our reporting units in 2017 range between 10.0% and 13.5%, reflecting our assessment of a market ...
131
10K
5215
2,869
Equity Risk on the Company’s Variable Annuity products is mitigated through the hedging programs described below, which are primarily focused on mitigating the economic exposure while considering the potential impacts on statutory and GAAP accounting results.
36
10K
5202
1,631
Net premiums earned decreased by $34.5 million, or 2.7%, for the year ended December 31, 2016 compared to 2015. The decrease was due to the reduction in net premiums written during the current year.
34
10K
4489
1,565
The Company has assumed and ceded certain blocks of policies under modified coinsurance agreements in which the investment results of the underlying portfolios inure directly to the reinsurers. As a result, these agreements contain embedded derivatives that are reported at fair value. Changes in their fair value are re...
129
10K
AvivaPLC-AR_2008
2,577
United Kingdom 9.2 7.6 7.7 6.6 France 8.3 7.0 6.8 6.0 Ireland 8.3 7.0 6.8 6.0 Netherlands 8.3 7.0 6.8 6.0 Canada 7.7 7.1 6.2 6.1
26
annual_report
PhoenixGroupHoldingsPLC-AR_2013
2,998
FREE SURPLUS The amount of capital held in life companies in excess of that needed to support their minimum regulatory capital requirement, which is the greater of Pillar 1 and Pillar 2 capital requirements, plus the capital required under the Group’s capital management policy 237 PHOENIX GROUP HOLDINGS ANNUAL REPORT A...
53
annual_report
5815
979
The differences between the statutory federal tax rate of 21% and the Company's effective tax rate on net income before income taxes as reflected in the Consolidated Statements of Comprehensive Income were as follows:
34
10K
4857
1,299
Affects the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships.
22
10K
gb_prudential-AR_2000
83
Our comprehensive customer service, including full e-transactional functionality, has helped Prudential ICICI become the largest private sector mutual fund manager in India.
22
annual_report
4230
1,467
As mentioned above, this change in our hedging strategy also led to a change in the components included in our estimate of total gross profits used to determine the DAC and DSI amortization rates. As of the third quarter of 2010, management’s best estimate of the total gross profits associated with these optional livin...
335
10K
3260
979
The amortized cost, gross unrealized gains and losses, and estimated fair value of fixed maturity and equity securities classified as available-for-sale were as follows:
24
10K
4815
1,986
man-made catastrophes. We estimate claim reserves for these losses after the event giving rise to these losses occurs, following a process that is similar to our Catastrophe Reinsurance segment.
29
10K
4481
1,129
The Company uses the asset and liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the deferred tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operatin...
110
10K
de_allianz-AR_2018
3,346
For the years ended 31 December 2018 and 2017, the income taxes relating to components of other comprehensive income consist of the following:
23
annual_report
1959
667
The Company May Not Be Able to Maintain Adequate Cash Flow and Liquidity.
13
10K
5955
928
Share-based compensation expense is recognized based on the grant date fair value of the awards. The fair value of stock options is determined on the grant date using the Black-Scholes Merton, or BSM, option-pricing model. The BSM option pricing model requires inputs based on certain subjective assumptions, including t...
255
10K
4756
1,483
Deferred taxes on permanently reinvested foreign income. We do not record U.S. deferred taxes on foreign income that we do not expect to remit or repatriate to U.S. corporations within our consolidated group. Under U.S. GAAP, we are generally required to record U.S. deferred taxes on the anticipated repatriation of for...
280
10K
3100
1,747
In evaluating its results of its operations, the Company considers changes in deposits to separate accounts, deposits received and withdrawals paid for investment-type contracts, and self-funded premium equivalents.
28
10K
4555
1,238
Our net deferred tax liability was $122.6 million and $95.0 million at December 31, 2012, and 2011, respectively. The significant changes in the deferred taxes are as follows: The deferred tax liability relating to insurance reserves decreased $70.4 million due primarily to a reduction in the claim reserves established...
166
10K
fr_axa-AR_2018
6,734
In addition, in order to disseminate the Group’s Vigilance Plan as widely as possible and to raise awareness of its full content among all its stakeholders, a reporting process was established for Group entities. The Group entities were asked to review the Vigilance Plan, to discuss its provisions with their local Corp...
79
annual_report
AvivaPLC-AR_2007
3,370
The Investment Committee actively monitors equity assets owned directly by the Group, which may include some material shareholdings in the Group’s strategic business partners. Concentrations of specific equity holdings (eg the strategic holdings) are also monitored monthly by the Capital Management Committee.
42
annual_report
Sampoplc-AR_2019
2,811
of operations are as follows: • Collection of data on risk and claims history
14
annual_report
4245
1,142
Policy acquisition costs - amortization, decreased $0.7 million, or 5.2%, to $13.0 million in 2010, compared with $13.7 million in 2009.
21
10K
4914
452
Our consolidated cash and short term investments were approximately $9.9 million at December 31, 2014. Our consolidated cash and short term investments increased by approximately $1.5 million from approximately $8.4 million as of December 31, 2013.
36
10K
CNPAssurancesSA-AR_2005
514
tions performed by insurance advisors at the savings banks and post offices led many clients in their late thirties and early forties, who did have any life insurance, to buy a Perp or a life insurance contract or both.
39
annual_report
de_allianz-AR_2014
837
1 For further information on our compliance program, please refer to the Statement on Corporate Management pursuant to § 289a of the HGB on page 41.
26
annual_report
916
186
The Company's interest expense increased 34.2% from $4.9 million during 1996 to $6.6 million during 1997. This increase in interest expense resulted from both an increase in the Company's average borrowings and the average interest rate paid by the Company. During 1997, the Company's average borrowings were $81.6 milli...
132
10K
1770
790
The Company has made limited investments in real estate which was formerly used as its corporate headquarters. Both buildings are fully leased to unaffiliated third parties. These leases expire on April 2005 and November 2005 with no provisions for renewal. Future minimum rentals are $1.8 million for each of the years ...
157
10K
5083
746
Net income was $179.7 million and operating income was $351.7 million for the period of February 1, 2015 to December 31, 2015.
22
10K
fr_axa-AR_2015
484
Philippines 2 11.6 Insurance Commission as of December 31, 2014 measured on total premium income. 2015 information not available.
19
annual_report
gb_lloyds_banking_grp-AR_2018
3,741
All minimum regulatory requirements of the insurance companies have been met during the year.
14
annual_report
SwissReAG-AR_2008
227
Sharpened the focus of our activities on ̤ the prevention of humanitarian disasters through risk education measures.
17
annual_report
2228
1,307
During 2003 the Company’s financial condition, cash flow and results from operations were impacted by several key factors and developments:
20
10K
AssicurazioniGeneraliSpA-AR_2014
1,862
Deferred tax relating to items recognised outside profit or loss is recognised outside profit or loss. Deferred tax items are recognised in correlation to the underlying transaction either in other comprehensive income or directly in equity
36
annual_report
DirectLineInsuranceGroupPLC-AR_2019
2,761
Outsourcing risk This is the risk of failing to implement a robust framework for the sourcing, appointment and ongoing contract management of third-party suppliers, outsourced service providers and intragroup relationships. This includes both domestic and offshore outsourcing activities.
38
annual_report
2456
1,013
Management regularly reviews its assumptions regarding our claims liabilities and makes adjustments to benefit expense when necessary. If it is determined that management’s assumptions regarding cost trends and utilization are significantly different than actual results, our income statement and financial position coul...
159
10K
NatixisSA-AR_2020
2,101
It should be noted that the risk associated with the market activities of the Corporate & Investment Banking business line (including CVA) made up 12% of Natixis’ total RWA at December 31, 2020.
33
annual_report
StorebrandASA-AR_2007
292
Illness absence as an average annual percentage6 5.1% 4.6% Max 4.8% (4%)7
12
annual_report
TrygAS-AR_2013
1,416
Gains and losses on hedges charged to other comprehensive income: Gains and losses at 1 January 1,256 -1,580 -324 1,447 -1,955 -508 Value adjustments for the year 191 -375 -184 340 -35 305
33
annual_report
5426
781
We have audited the accompanying Consolidated Balance Sheet of Fidelity National Financial, Inc. and subsidiaries as of December 31, 2016, and the related Consolidated Statements of Earnings, Comprehensive Earnings, Equity, and Cash Flows for each of the years in the two-year period ended December 31, 2016. In connecti...
106
10K
fr_axa-AR_2012
3,682
While no fi nal determinations have yet been made as to which insurance groups may be designated as globally systemically important insurers (“G-SIIs”), management believes that the
27
annual_report
2634
1,003
Insurance Corporation of America - a stock insurance company incorporated under Michigan law (ICA).
14
10K
de_allianz-AR_2001
449
The events of September 11 have left their mark on our balance sheet. In view of these circumstances, our original earnings forecast of 2.7 billion euros could no longer be maintained.
31
annual_report
5193
993
The Company's subordinated debt is measured and reported at fair value. At December 31, 2016, the carrying value of the subordinated debt is $43.6 million. The fair value of the subordinated debt is calculated using a model based on significant market observable inputs and inputs developed by a third-party. For a descr...
83
10K
AegonNV-AR_2014
4,669
N.V.’s legal reserves is an amount of EUR 510 million related to Optas N.V. which represents the increase in statutory reserves since the acquisition of Optas N.V. by Aegon (2013: EUR 458 million). The statutory reserves of Optas N.V. are linked to the acquired negative goodwill related to Optas N.V. at acquisition dat...
53
annual_report
5371
2,105
Property and transportation Underwriting profit for this group was $84 million for the fourth quarter of 2017 compared to $75 million in the fourth quarter of 2016, an increase of $9 million (12%) reflecting higher underwriting profit in the transportation businesses, partially offset by lower year-over-year underwriti...
133
10K
3607
1,808
Individual Life accepts and maintains, for risk management purposes, up to $10 in risk per any one life. Individual Life uses reinsurance where appropriate to mitigate earnings volatility; however, death claim experience may lead to periodic short-term earnings volatility.
39
10K
ScorSE-AR_2019
3,988
• Mobilizing employees and promoting role models: in addition to the support from the Group and its direction to continue SIGN network activities at a global and local scale that includes now more than 300 employees, SCOR also involves its teams, especially through their contribution to promoting role models in positio...
101
annual_report
2184
986
Because a significant portion of our contracts provide short-tail reinsurance coverage for damages resulting mainly from natural and man-made catastrophes, it is possible that we could become liable for a significant amount of losses on short notice. Accordingly, we have structured our investment portfolio to preserve ...
87
10K
3863
788
In March 2008, the FASB issued SFAS No. 161, “Disclosures about Derivative Instruments and Hedging Activities”. The new standard is intended to improve financial reporting about derivative instruments and hedging activities by requiring enhanced disclosures to enable investors to better understand their effects on an e...
92
10K
NatwestGroupPLC-AR_2019
1,325
The maximum value of LTI awards is smaller than traditional long-term incentive plans and there are significant shareholding requirements in place.
21
annual_report
3180
1,231
Operating results for the quarters ended 2006 and 2005 were as follows:
12
10K
2501
696
The amount of statutory net income and surplus (shareholders’ equity) for the Parent’s insurance subsidiaries for the years ended December 31 were as follows:
24
10K
4839
756
We often hold equity investments for long periods of time so we are not troubled by short-term price volatility with respect to our investments provided that the underlying business, economic and management characteristics of the investees remain favorable. We strive to maintain above average levels of shareholder capi...
58
10K
5422
1,956
Prior accident year reserve development in 2016 was primarily due to a $268 increase in asbestos and environmental reserves and a $160 increase in personal auto liability reserves. An increase in asbestos reserves of $197 primarily related to greater than expected mesothelioma claim filings for a small percentage of de...
130
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2003
2,071
Remuneration of Supervisory Board members in the business year 2003 as per
12
annual_report