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GjensidigeForsikringASA-AR_2018
1,100
Gross lending increased by 12.0 per cent and amounted to NOK 51,582.5 million (46,056.1) at the end of 2018. Deposits decreased by 2.7 per cent, reaching NOK 23,123.0 million (23,765.7). The deposits-to-loans ratio was 44.8 per cent (51.6).
38
annual_report
4521
969
Interest credited increased $8.2, primarily due to a $0.8 billion increase in average fixed annuities account values. Typically DAC amortization increases as account values increase; however, we experienced a $5.0 decrease in DAC amortization primarily as a result of lower lapses than assumed in our DAC models.
47
10K
de_allianz-AR_2015
697
As we see a clear correlation of NPS performance with sustainable growth, a superior customer experience is our top priority. We set clear customer-oriented targets, which are hardwired into our culture, planning, processes, and incentives.
35
annual_report
BaloiseHoldingLtd-AR_2008
819
REMUNERATION TO THE CHAIRMAN OF THE BOARD OF DIRECTORS AND THE MEMBERS OF THE CORPORATE EXECUTIVE COMMITTTEE 2008
18
annual_report
3564
1,445
As indicated on the table below, we paid, pursuant to the terms of the September 2004 Notes and in accordance with the contractual computations, selected quarterly payments of principal and interest due in shares of our Common Stock.
38
10K
ch_zurich_insurance_group-AR_2019
2,778
Liabilities for insurance contracts in USD millions, as of December 31 Gross Ceded Net
14
annual_report
fr_axa-AR_2011
4,776
For the year ended December 31, 2011, a signifi cant portion of AXA’s insurance gross premiums and fi nancial services revenues, as well as AXA’s benefi ts, claims and other deductions were denominated in currencies other than the Euro, primarily
40
annual_report
3425
2,341
Approximately $15.0 million of unfavorable premium development was recorded in relation to this unfavorable net prior year claim and allocated claim adjustment expense reserve development which resulted from additional ceded reinsurance premium on agreements where the ceded premium is impacted by the level of ceded los...
46
10K
5030
982
The long-term goal for the U.S. and U.K. plans is to reach fully-funded status and to maintain that status. The investment policies recognize that the plans' asset return requirements and risk tolerances will change over time. Accordingly, reallocation of the portfolios' mix of return-seeking assets and liability-hedgi...
57
10K
ScorSE-AR_2010
4,314
This refers to life reinsurance portfolios acquired in a business combination. It is calculated as the present value of the stream of expected future cash flows including estimates of the future technical results, the future investment income less future administration expenses. The present value calculation is based o...
81
annual_report
5246
1,221
Because we expected to recover our amortized cost, it was not our intent to sell the fixed maturity available-for-sale securities with unrealized losses and it was not more likely than not that we would be required to sell these securities before recovery of the amortized cost, which may be maturity, we did not conside...
65
10K
SwissLifeHoldingAG-AR_2006
2,293
Total on-balance-sheet assets managed by the enterprise 167 869 160 001
11
annual_report
PosteItalianeSpA-AR_2019
9,551
Note B6 to the financial statements as of 31 December 2019 “Financial liabilities attributable to BancoPosta – Derivative financial instruments”
20
annual_report
NatixisSA-AR_2015
5,620
Financial liabilities at fair value through profi t and loss - Trading 2,254 430 (573)
15
annual_report
4712
3,132
(1)Policy term is six months for Allstate and Esurance brands and twelve months for Encompass brand. (2)Rate changes that are indicated based on loss trend analysis to achieve a targeted return will continue to be pursued. Rate changes do not include rating plan enhancements, including the introduction of discounts and...
192
10K
HelvetiaHoldingAG-AR_2015
884
(in OC) thanks to acquisitions, currency effects hinder growth in the foreign units in CHF
15
annual_report
AvivaPLC-AR_2012
3,724
Expected to be settled within one year 8,613 10,253 Expected to be settled in more than one year 828 977
20
annual_report
5321
1,737
Incremental Tax Benefit (Expense). Corporate & Other benefits from the impact of certain permanent tax differences, including non-taxable investment income and tax credits for investments in low income housing. As a result, our effective tax rate differs from the U.S. statutory rate of 35%. Our 2015 results include the...
131
10K
AssicurazioniGeneraliSpA-AR_2019
4,475
Sonnwendgasse 13 Errichtungsgesellschaft m.b.H. 008 EUR 35,000 G 11 33.33 FPS Immobilien Verwaltung SW 13 GmbH 100.00 98.92 33.33 FLI Immobilien Verwaltungs SW 13 GmbH
25
annual_report
PhoenixGroupHoldingsPLC-AR_2019
2,885
D2. Shares Held by the Employee Benefit Trust Where the Phoenix Group Employee Benefit Trust (‘EBT’) acquires shares in the Company or obtains rights to purchase its shares, the consideration paid (including any attributable transaction costs, net of tax) is shown as a deduction from owners’ equity. Gains and losses on...
69
annual_report
BaloiseHoldingLtd-AR_2001
97
The ever closer ties between banking and insurance products and services are the logical result of a growing demand for individualized overall financial services.
24
annual_report
NatixisSA-AR_2015
2,725
Central governments and central banks 1,518 86 7 964 173 14
11
annual_report
5106
1,421
year. This tax effect was included in the change in other comprehensive income and the corresponding change to the valuation allowance was reflected in the consolidated statement of operations as a deferred tax benefit.
34
10K
4344
1,049
Interest rate changes also may have temporary effects on the sale and profitability of our annuity products. For example, if interest rates rise, competing investments (such as annuity or life insurance products offered by our competitors, certificates of deposit, mutual funds and similar instruments) may become more a...
155
10K
AssicurazioniGeneraliSpA-AR_2016
2,734
Parent Company amounts in conformity with the Italian accounting principles 13,574 1,096 13,768 931
14
annual_report
4202
1,520
For valuations of the investments in limited partnerships, fair value is based on the Retirement Income Plan’s ownership interest in the reported net asset values as a practical expedient. The majority of the net asset values are reported to us on a one quarter lag. We assess whether these reported net asset values are...
362
10K
1442
2,693
Total benefits and expenses for fiscal 2000 aggregated approximately $226.5 million, as compared to approximately $208.6 million for fiscal 1999 and approximately $170.5 million for fiscal 1998. This represents an increase of approximately 8.6% comparing fiscal 2000 to fiscal 1999 and an increase of approximately 22.4%...
65
10K
PowszechnyZakladUbezpieczenSA-AR_2017
2,732
Graduate of the University of Gdańsk. Editor-in-Chief of Tygodnik Gdański, a journalist of Głos Wybrzeża and Tygodnik Czas, among others. A member of parliament in the 7th term of office. Secretary of State in the Office of President
38
annual_report
NatixisSA-AR_2006
6,327
Intangible assets used in the business 43 9 (5) 0 47
11
annual_report
1840
570
- Aging U.S. Population. In general, the population of the United States and of the communities that we serve is aging. At the end of 2001, approximately 13% of the U.S. population was 65 years old or older compared to 11% of the population at the end of 1980. This aging trend is projected to continue so that by 2025, ...
88
10K
2752
1,215
Endowment benefits increased 20.1% from $7,509,000 in 2004 to $9,021,000 in 2005. Endowments totaled $6,416,000 in 2003. We have a series of international policies that carry an immediate endowment benefit of an amount elected by the policy owner. This endowment is factored into the premium of the policy and is paid an...
73
10K
5415
14,842
As of both December 31, 2017 and 2016, approximately 92% of the reinsurance recoverables are due from companies rated A- or better by S&P.
24
10K
LloydsBankingGroupPLC-AR_2010
792
Profit before tax and fair value unwind increased to £3,611 million, a strong increase of £2,636 million compared to 2009, driven by good income growth, tight cost control and a significantly lower impairment charge.
34
annual_report
5907
496
•The expected loss ratios, claim frequency and severity, estimated primarily using our historical loss experience;
15
10K
3318
1,970
The FSA requires insurance companies to maintain minimum capital, calculated with reference to gross written premiums. RAAL’s equity shareholder’s funds and statutory policyholders’ surplus as of and for the years ended December 31 was as follows:
36
10K
AegonNV-AR_2015
1,570
Supervision Act. Local operating entities are regulated by their local regulators, most notably the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten (AFM), conduct of business supervision) and DNB (prudential supervision) for Dutch-based entities, the Financial Conduct
38
annual_report
StandardLifeAberdeenPLC-AR_2020
436
The lower share of HDFC Life profits primarily reflects the reduction in our shareholding following the combined sales of 5.83% in 2020. Following the share sale on 3 December 2020, our remaining shareholding in HDFC Life is no longer classified as an associate of the Group. See Note 16 of the Group financial statement...
57
annual_report
4173
868
Cash used in investing activities was $80.7 million for the year ended December 31, 2010 compared to $296.6 million for the year ended December 31, 2009. The decrease in cash used in investing activities is due primarily to a decrease in the net purchases of investments of $230.9 million during the year ended December ...
115
10K
2063
711
Annuity contracts do not generally have defined maturities. Therefore, fair values of the liabilities under annuity contracts, the carrying amounts of which are included with policyholder contract deposits in the consolidated balance sheets, are estimated to equal the cash surrender values of the contracts.
44
10K
AegonNV-AR_2017
1,430
Results 2017 Asia Net income in 2017 amounted to USD 6 million, which was mainly driven by improved underlying earnings before tax and a one-time tax benefit from the write-down of deferred tax liabilities as a result of US tax reform. Underlying earnings before tax improved to USD 55 million in 2017 compared with 2016...
140
annual_report
StandardLifeAberdeenPLC-AR_2019
2,944
(b)(i) Finance leases During the year ended 31 December 2019, the Group received finance income on the net investment in finance leases asset of less than £1m. The Group recorded an initial gain of £4m in relation to new sub-leases entered into during the year ended 31 December 2019.
49
annual_report
5471
1,657
As of December 31, 2017, total compensation cost not yet recognized in the Company's financial statements related to restricted stock awards and restricted stock units was $32 million, of which $12 million (377 thousand shares) was related to restricted stock awards with a performance-based vesting condition. The Compa...
73
10K
3901
900
Property and Equipment: Property and equipment, included in “Other assets,” is reported at cost less allowances for depreciation. Depreciation is recorded primarily on the straight line method over the estimated useful lives of these assets which range from two to ten years for equipment and five to forty years for bui...
299
10K
2244
1,405
At December 31, 2003, the Company and its wholly-owned subsidiaries have aggregate net operating loss carryforwards of approximately $63.4 million for regular tax and $63.1 million for alternative minimum tax purposes, which will expire in 2012 through 2018.
38
10K
5396
995
Net earned premium is from direct and assumed earned premium consisting of revenue generated from the direct sale of insurance policies by the Company's distributors and premiums written for insurance policies by another carrier and assumed by the Company. Whether direct or assumed, the premium is earned over the life ...
129
10K
fr_axa-AR_2013
1,903
(+16%) to €185 million. On a constant exchange rate basis, underlying earnings and adjusted earnings increased by €31 million (+20%).
20
annual_report
PhoenixGroupHoldingsPLC-AR_2016
167
Phoenix’s experienced employees are focused on closed life funds and have significant expertise in managing with-profits products
17
annual_report
PosteItalianeSpA-AR_2015
1,378
(*) The company paid dividends totalling €30 million during the year.
11
annual_report
4096
503
Based on the validation procedures noted above, we did not identify any material discrepancies between our values and those provided by the independent pricing service, and we did not adjust the prices provided by our independent pricing services as of December 31, 2009.
43
10K
AegonNV-AR_2011
4,356
Other alternative investments 1,458 – – – – 1,458 1 Common shares in Holdings and Other activities reflect the elimination of treasury shares in the general account.
27
annual_report
208
987
1995 1994 DPAC - annuities $224.6 $220.8 DPAC - life policies 3.6 3.1 Present value of future profits acquired 73.4 - Unearned revenues (151.8) (158.8) $149.8 $ 65.1
28
10K
fr_axa-AR_2017
7,119
■ Evaluates the overall presentation of the financial statements and assesses whether these statements represent the underlying transactions and events in a manner that achieves fair presentation.
27
annual_report
RaiffeisenBankInternationalAG-AR_2010
4,109
Bulgaria Raiffeisen leasing Bulgaria OOd Business Park Sofia Building 7B, 4th floor 1766 Sofia Phone: +359-2-491 9191 Fax: +359-2-974 2057 www.rlbg.bg
21
annual_report
SwissReCorporateSolutions-AR_2018
436
Maximum potential loss The maximum potential loss as of 31 December 2017 and 2018 was approximately USD 22 million and USD 14 million. The maximum potential loss is based on the positive market replacement cost assuming non-performance of all counterparties.
40
annual_report
gb_lloyds_banking_grp-AR_2012
2,709
The portfolio remains regionally focused with real estate asset quality that is largely secondary and tertiary in nature. However, these assets have been the subject of significant and frequent review, and have been impaired to appropriate levels.
37
annual_report
NatixisSA-AR_2003
1,409
Total NBI for Asset Management and Insurance at the year-end 357 310 + 15%
14
annual_report
5840
754
The following table lists our activity in 2020 by number of agents, approximate policies issued and revenue written.
18
10K
fr_axa-AR_2000
2,995
Claims reserves also include: – Unexpired risk provision. A reserve for unexpired risks is established (in addition to the unearned premium reserve) for contracts for which the premiums are expected to be insufficient to cover future claims and claims expenses. Such liability is recorded net of acquisition costs as par...
57
annual_report
5368
2,149
(1) The combined statutory net loss for the year ended December 31, 2015 was re-presented as if the merger of BLAIC with and into GLIC discussed above occurred on January 1, 2015 in accordance with the statutory merger method.
39
10K
PowszechnyZakladUbezpieczenSA-AR_2014
2,198
– there is both an internal audit unit and a compliance unit in PZU; • rules specified in Chapter 9 – Execution of Rights Resulting from Assets Acquired at Client’s Risk, as PZU offers no products which involve managing assets at client’s risk.
43
annual_report
AvivaPLC-AR_2016
1,654
Corporate responsibility – 4% Oversees and monitors the Group’s CR strategy, external developments and the Group’s mandatory reporting requirements.
19
annual_report
5530
1,161
Asset-backed securities, collateralized debt obligations, commercial mortgage-backed securities, mortgage pass-through securities and collateralized mortgage obligations are generally priced using market and income approaches. Inputs generally consist of quoted prices in inactive markets, spreads on actively traded sec...
59
10K
4822
925
While the Company and all of its subsidiaries are expected to have sufficient liquidity to meet all their expected obligations, additional capital may be required to meet any new capital requirements that are adopted by regulatory authorities or the GSEs, or to provide additional capital related to the growth of our ri...
64
10K
AvivaPLC-AR_2016
211
Customers will be much more in control, expecting to self-serve and self-solve. They will want to be able to access data and insight, and use it to guide their own decisions
31
annual_report
4259
2,183
DAC related to traditional life insurance is amortized over the premium paying period of the related policies in proportion to the estimated revenues on such business. Significant assumptions relating to estimated premiums, investment returns, as well as mortality, persistency and expenses to administer the business ar...
275
10K
5417
835
2016 versus 2015: Net foreign exchange gains of $0.8 million in 2016 were broadly consistent with net foreign exchange gains of $0.5 million in 2015.
25
10K
NatwestGroupPLC-AR_2017
4,587
Total protection customer mortgage backed and other Property insurance (1) redress securities (2) regulatory (3) and other (4) (5) £m £m £m £m £m £m
25
annual_report
SwissReAG-AR_2004
2,283
The Annual Report 2004 summary is available in English, German and French.
12
annual_report
4779
2,887
Aggregate of the present value of expected future benefit payments and related expenses less the present value of expected future net premiums. Assumptions as to mortality and persistency are based upon the Company’s experience when the basis of the liability is established. Interest rate assumptions for the aggregate ...
67
10K
5957
1,364
Short-term investments primarily consist of highly liquid securities and other investments with remaining maturities of one year or less, but greater than three months, at the time of purchase. These securities and investments are generally carried at fair value or amortized cost that approximates fair value.
46
10K
DirectLineInsuranceGroupPLC-AR_2016
3,249
Tips on protecting your shares  Keep all your certificates in a safe place. Alternatively, consider holding your shares in the UK’s electronic registration and settlement system for equity, called CREST, or via a nominee
35
annual_report
PowszechnyZakladUbezpieczenSA-AR_2013
71
PZU’s customers have access to the largest sales and service system among Polish insurers. It includes 412 branches, 8.4 thousand agents and electronic distribution channels (helpline, Internet). The PZU
29
annual_report
TopdanmarkAS-AR_2017
953
Concentration risk Concentration risk is a risk that increases when investments are consolidated with individual issuers, whereby dependence on these issuers’ solvency grows.
23
annual_report
StorebrandASA-AR_2019
1,488
The maximum limits for credit exposure to individual counterparties and for overall credit exposure to rating categories are set by the boards of the individual companies in the Group. Particular attention is paid to ensuring diversification of credit exposure in order to avoid concentrating credit exposure on any part...
82
annual_report
2146
1,485
$112,953 due quarterly with balloon payment at maturity. Unsecured $ 3,059
11
10K
Sampoplc-AR_2012
686
Group’s parent company Sampo plc. Geographically, 32 per cent worked in Finland, 27 per cent in Sweden, 22 per cent in Norway, 8 per cent in Denmark and 11 per cent in Baltic and other countries. The average number of employees during 2012 was 6,823, which compares to an average of 6,874 during 2011.
54
annual_report
4699
2,105
AFG’s net GAAP pretax loss outside of its insurance operations (excluding realized gains) totaled $185 million in 2012 compared to $155 million in 2011, an increase of $30 million (19%). AFG's net core pretax loss outside of its insurance operations (excluding realized gains) totaled $160 million in 2012 compared to $1...
60
10K
SwissReAG-AR_2005
1,390
Notes to the Group financial statements 1. Organisation and summary of significant accounting policies 9 3. Derivative financial instruments 21 4. Acquisitions and dispositions 23 5. Deferred acquisition costs and acquired present value of future profits 23 7. Unpaid claims and claim adjustment expenses 28 8. Personnel...
96
annual_report
4857
2,659
On June 28, 2007, the Voya Financial, Inc. entered into a surplus maintenance agreement whereby Voya Financial, Inc. agreed to cause Whisperingwind III, LLC (“WWIII”) to maintain Adjusted Capital and Surplus at 200% of its CAL. Effective January 1, 2014, the surplus maintenance agreement was terminated when the reinsur...
58
10K
NatixisSA-AR_2018
3,103
3 RISK FACTORS, RISK MANAGEMENT AND PILLAR IIIRisk management 150 Natixis Registration Document 2018
14
annual_report
PhoenixGroupHoldingsPLC-AR_2012
1,669
Irrecoverable amount of deficit reduction contributions (83) – Change in provision for tax on the economic surplus available as a refund 19 (19)
23
annual_report
5346
1,006
The amortized cost and fair value of held-to-maturity, available-for-sale and trading fixed maturity securities at December 31, 2016, by contractual maturity, are shown in the following table. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations wit...
74
10K
HannoverRueckSE-AR_2009
2,091
119Hannover Re Group annual report 2009 4. COnSOLIDATED COMPAnIES AnD COnSOLIDATIOn PRInCIPLES NOtes 4. Consolidated companies and consolidation principles
19
annual_report
HannoverRueckSE-AR_2019
1,943
1 In EUR, development in original currencies can be different 2 + + = significantly above the cost of capital
20
annual_report
AdmiralGroupPLC-AR_2011
290
Our relatively higher price increases through most of 2011 were, in part, a response to a disappointing bodily injury claims experience in quarters two and three. The main source of the disappointment was in the proportion of 2009 and 2010 claims that were emerging as potentially bigger, costlier claims than anticipate...
88
annual_report
SwissReAG-AR_2017
3,346
For the year ended 31 December 2017, the Group recorded a gain of USD 30 million on derivatives in accumulated other comprehensive income. For the year ended 31 December 2017, the Group reclassified a gain of USD 33 million from accumulated other comprehensive income into income.
46
annual_report
2274
492
Warrants. The market value of the detachable warrants on the date the PIERS units were issued is recorded in stockholders' equity on the consolidated balance sheet under the caption "Warrants."
30
10K
4568
1,050
Benefits and claims. Benefits and claims were lower primarily due to lower claims experienced on our short-term disability product, which is underwritten by NBLIC, our New York insurance subsidiary. Benefits and claims were also lower compared to the prior year due to the impact of an approximately $1.1 million charge ...
88
10K
5560
736
$12.9 million increase in the carrying value of our equity investment in Ares. See Note 4(i) to Notes to Consolidated Financial Statements set forth in Part II, Item 8, “Financial Statements and Supplementary Data” of this Form 10-K for additional information.
41
10K
AegonNV-AR_2019
2,337
C.2 Fixed Compensation Executives receive a gross monthly Cash Base Fee as Fixed
13
annual_report
gb_prudential-AR_2005
3,526
Actual tax charge: Operating profit based on longer-term investment returns (117) (123) (63) 117 (186)
15
annual_report
4787
738
The consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). These accounting principles require management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingen...
139
10K
5184
975
In the normal course of business, we enter into financing transactions, lease agreements, or other commitments. These commitments may obligate us to certain cash flows during future periods. The following table summarizes such obligations as of December 31, 2015.
39
10K
5607
650
Our consolidated pretax income was $2.06 billion for 2018 compared to $4.02 billion in 2017. A number of significant items effected our year-over-year comparisons including the following:
27
10K
3716
660
In May 2004, the Company, through a wholly-owned trust, privately issued $30.0 million of preferred securities through two pooled transactions. These securities bear interest at the London Interbank Offered Rate (“LIBOR”) plus 337.5 basis points with a 30-year term and are redeemable at par value beginning in May 2009....
127
10K
5681
666
(1) Amounts are comprised of certain financial instruments that are measured at fair value using the NAV per share (or its equivalent) as a practical expedient and have not been classified in the fair value hierarchy.
36
10K
4725
2,313
Excluding the reserve strengthening for asbestos and environmental reserves, over the past ten years reserve re-estimates for total property and casualty insurance ranged from (2.5)% to 1.0%.
27
10K
2720
883
The employees of the Company participate in the pension and other employee benefit plans of EIC. The pension benefits are based on years of service and salary. Pension costs are funded by EIC in amounts sufficient to at least meet ERISA minimum funding requirements. The Company, through EIC, also participates in certai...
132
10K
INGGroepNV-AR_2020
5,401
Adjusted for: - Depreciation and amortisation 829 789 520 - Addition to loan loss provisions 2,675 1,120 656 - Other non-cash items included in result before tax 1,261 32 -1,763
30
annual_report
4424
2,618
Radian Insurance is required to maintain a minimum statutory surplus of $20 million to remain an authorized reinsurer in all states. Radian Insurance's statutory net income, statutory policyholders' surplus and contingency reserve as of and for the years ended December 31 were as follows:
44
10K