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MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2018
2,066
− We valued provisions for outstanding claims that had been valued using statistical processes in various segments using our own methods, and compared our results with those of the Company.
30
annual_report
3615
1,213
The net losses in 2006 related to GMIB were primarily driven by liability model refinements and assumption updates reflecting in-force demographics, actual experience, and revised future expectations. The net gains in 2005 were primarily driven by positive movements in the global bond market and the Japanese equity mar...
48
10K
HannoverRueckSE-AR_2017
2,218
Broadway 101, LLC 1, 8, Wilmington / USA 95.15 USD 13,176 658
12
annual_report
SwissReAG-AR_2008
1,571
Net income/loss 4 237 –810 Net income/loss per share in CHF – basic 12.17 –2.45 Net income/loss per share in CHF – diluted 11.42 –2.45
25
annual_report
NatwestGroupPLC-AR_2019
2,141
Acts on all material and/or enterprise-wide risk and control matters across RBS. Reviews the risk appetite framework and strategic risk appetite and recommends them for submission to the Board Risk Committee.
31
annual_report
4890
863
The Company reviews the status and fair value changes of each of its investments on at least a quarterly basis during the year, and estimates of other-than-temporary impairments ("OTTI") in the portfolio's value are evaluated and established at each quarterly balance sheet date. In reviewing investments for OTTI, the C...
272
10K
fr_axa-AR_2014
9,283
■ Proportion of variable pay (related to wages) 16.9 % 16.7 %
12
annual_report
HiscoxLtd-AR_2004
203
Hiscox acknowledges that it is neither possible, nor desirable, to eliminate risk completely and the system can only provide reasonable and not absolute assurance against material misstatement or loss. The constant aim is to be fully aware of the risks to which the business is exposed and to manage these risks to accep...
54
annual_report
gb_lloyds_banking_grp-AR_2008
929
Supporting buSineSS Strategy Lloyds Banking Group’s strategy focuses on building deep, long-lasting relationships with our customers in order to deliver high quality, sustainable results over time. We believe that corporate responsibility, built around the creation of colleague motivation, customer satisfaction and bra...
54
annual_report
TopdanmarkAS-AR_2011
258
Customer satisfaction It is Topdanmark's ambition that its customers feel "wellhelped " in all communication between them and the Company. Therefore all customer contacts are regularly measured: Telephone, email, letters or personal contact
33
annual_report
1477
279
- -------------------------------------------------------------------------------- Net Increase in Cash and Cash Equivalents 1,397,373 10,394,402 2,121,423 Cash and Cash Equivalents at Beginning of Period 18,696,401 8,301,999 6,180,576 - -------------------------------------------------------------------------------- C...
41
10K
AvivaPLC-AR_2011
1,823
The Committee has determined the performance targets for the 2012 LTIP awards. The ROCE targets, originally calibrated at the end of 2010, have been recalibrated to reflect the impact of a significant improvement in the Aviva Staff Pension Scheme deficit, and the disposal and partial sell-down of RAC and Delta Lloyd re...
186
annual_report
AvivaPLC-AR_2015
5,317
Total Greece, Ireland, Portugal, Italy and Spain 7.9 8.7 1.2 1.3 9.1 10.0
13
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2016
926
A combined ratio of 95.7% in property-casualty reinsurance presented a significant improvement on the initially envisaged ratio of around 98%. Since fewer major losses than expected occurred in the first months of the year, we reduced our forecast for the combined ratio to 95%. Above all, we did not quite meet the adju...
96
annual_report
PowszechnyZakladUbezpieczenSA-AR_2018
318
The prescription periods for claims in civil cases were shortened under the amendment to the Civil Code of 13 April 2018. The prescription period in cases whose prescription period up till now was 10 years has been truncated to 6 years. The law also bans the pursuit of claims against consumers after the elapse of the p...
87
annual_report
PhoenixGroupHoldingsPLC-AR_2017
1,258
6 Clive Bannister and James McConville are entitled to each receive a Company pension contribution of 20% of base salary, which may at their own choice, be paid to their Group Personal Pension (‘GPP’) or received in cash. Pension contributions paid as cash supplements are reduced for the effect of employers’ National I...
79
annual_report
StorebrandASA-AR_2004
514
The system assists the Board and executive management in planning, monitoring and managing the group’s activities.
16
annual_report
NatixisSA-AR_2014
9,114
Report of one of the Statutory Auditors 2. REASONED OPINION ON THE FAIRNESS OF THE CSR INFORMATION
17
annual_report
2216
926
Net written premium volume of $215 million in our runoff segment in 2003 consisted primarily of prior-year premium adjustments in our reinsurance operations and reporting endorsements (as defined in the “Health Care” section of this report) in our Health Care operation. In our runoff segment, 2002 premiums of $1.21 bil...
73
10K
2909
2,528
(2)Represents the impact in the states where rate changes were approved during 2005 as a percentage of total prior year-end premiums written in those states.
25
10K
RaiffeisenBankInternationalAG-AR_2010
801
In Western Europe, funding options also improved compared to the previous two years. However, banks continued to pay higher risk premiums than before the crisis.
25
annual_report
CNPAssurancesSA-AR_2000
1,175
– CDC IXIS Private Capital Management (SA): permanent representative of CNCEP on the Supervisory Board
15
annual_report
fr_axa-AR_2000
682
The ratio of surrenders to average gross insurance reserves are presented below for the periods indicated.
16
annual_report
INGGroepNV-AR_2016
2,372
Derecognition of financial liabilities Financial liabilities removed from the balance sheet when the obligation specified in the contract is discharged, cancelled or expired. The difference between the carrying amount of a financial liability that has been extinguished and the consideration paid is recognised in profit...
47
annual_report
1657
3,157
debt and equity securities, as well as investment in affiliates, are reviewed
12
10K
INGGroepNV-AR_2018
2,111
Share of result from associates and joint ventures 8 143 178 88
12
annual_report
gb_lloyds_banking_grp-AR_2011
2,143
the group assesses the probability of default of individual counterparties using internal rating models tailored to the various categories of counterparty. in its principal retail portfolios exposure at default and loss given default models are also in use. they have been developed internally and use statistical analys...
123
annual_report
5406
2,767
The Company's U.K. plan administered for employees who joined prior to the Catlin Acquisition is subject to triennial funding valuations, the most recent of which was conducted as of June 30, 2015 and was reported in 2016. The $1.0 million deficit (calculated on a realistic basis) is being funded over a 4-year period.
53
10K
4471
4,130
Interest income earned on loans to subsidiaries of $40 million, $63 million and $50 million for the years ended December 31, 2011, 2010 and 2009, respectively, is included in net investment income.
32
10K
SwissReAG-AR_2020
2,169
• Extraordinary topic: Assessed the impact of COVID-19 on Compensation Plans and monitored developments (eg market practice, shareholder expectations)
19
annual_report
3922
573
commissions and other operating expenses associated with the expansion of its business. Additionally, we incurred $0.6 million in acquisition related costs in 2007.
23
10K
ScorSE-AR_2015
686
The Board meets at least four times a year. In accordance with legal provisions, it approves the financial statements, proposes dividends, and makes investment and financial policy decisions. Beyond the cases provided by law, some operations are subject to the prior approval of the Board: any major organic growth inves...
100
annual_report
4778
1,172
Subsequent to our announcement of the LPS acquisition, we formed a wholly-owned subsidiary, Black Knight Financial Services, Inc. (now known as Black Knight Holdings, Inc., "Black Knight"). Black Knight is the mortgage and finance industries' leading provider of integrated technology, data and analytics solutions, and ...
132
10K
ch_zurich_insurance_group-AR_2017
1,523
Insurance risk sensitivity for the Property & Casualty business – current period in USD millions, for the year ended December 31, 2017
22
annual_report
gb_prudential-AR_2012
704
In the UK, the positive £48 million represents the net impact on future profi ts of reduced bond yields, where the negative impact on with-profi ts has been more than offset by the positive shareholder annuity impact.
37
annual_report
RaiffeisenBankInternationalAG-AR_2008
246
Top 5 countries of import Germany 13% PR China 12% Ukraine 7% Japan 6% USA 5%
16
annual_report
2849
1,057
We have audited the consolidated financial statements of EMC Insurance Group Inc. and Subsidiaries as of December 31, 2005 and 2004, and for each of the three years in the period ended December 31, 2005, and have issued our report thereon dated March 3, 2006 (included elsewhere in this Annual Report on Form 10-K). Our ...
93
10K
NatixisSA-AR_2020
9,342
NATIXIS INTERÉPARGNE 30 AV PIERRE-MENDÈS-FRANCE 75013 Paris NC 8,891 EUR 18,576 EUR 100.00%
13
annual_report
nl_ing_grp-AR_2016
7,136
Central Governments and Central Banks sub-total 91,045 134,792 6% 99,454 0.1% 1,421 30% 2.61 5,421 5% 22 -11
18
annual_report
SwissReAG-AR_2007
960
Besides the committee members and the company secretary, selected individuals are invited to attend Governance Committee meetings in an advisory capacity. In 2007, the following people exercised an advisory role on the committee: Jacques Aigrain, Chief Executive Officer Ann F. Godbehere, Chief Financial Officer (until ...
58
annual_report
5943
1,445
The other key changes in our consolidated results for the years ended December 31, 2020 compared to the prior year period were primarily due to the following:
27
10K
5658
1,186
$33 million of net favorable prior year reserve development on credit and surety business primarily due to generally better than expected loss emergence, primarily related to accident years 2013 and 2014.
31
10K
NatixisSA-AR_2014
2,172
V Operational risks V Risks related to insurance activities V Compliance and reputational risk, legal risk
16
annual_report
1873
1,283
2002, the settlement of approximately 1,000 of these claims has been concluded. The remainder of the settlements is of uncertain status. Aon's insurance subsidiary has filed a lawsuit against the claimaints' attorney asserting that the settlements were not appropriately completed. If these settlements are concluded, th...
70
10K
BaloiseHoldingLtd-AR_2015
80
Stock markets experienced a challenging year in 2015� The global sovereign debt crisis led to volatile price movements in financial markets� On 15 January, the Swiss National Bank surprised investors with its decision to unpeg the Swiss franc from the euro following a long period of intensive intervention� This came as...
127
annual_report
969
378
In March 1998, SOP 98-1, "Accounting for the Costs of Computer Software Developed or Obtained for Internal Use", was issued. The Company plans to adopt the SOP effective on January 1, 1999. The SOP requires the capitalization of certain costs incurred after the date of adoption in connection with developing or obtainin...
100
10K
HelvetiaHoldingAG-AR_2019
2,078
16.4 Market risks As at 31 December 2019, Helvetia Group managed investments totalling CHF 54.5 billion (previous year: CHF 52.0 billion).
21
annual_report
RaiffeisenBankInternationalAG-AR_2018
1,002
Net interest income in Eastern Europe was up 4 per cent, or € 39 million, year-on-year to € 1,022 million. Ukraine reported the strongest growth with a rise of € 32 million, due to higher interest rates and an increase in lending to non-financial corporations. Despite the depreciation of the Russian ruble, net interest...
120
annual_report
3999
502
For 2008, net earned premiums increased by $10.2 million to $431.7 million as compared to 2007 reflecting the decrease in ceded written premiums discussed above. Ceded earned premiums decreased $9.5 million to $35.5 million for 2008 compared to 2007. Net earned premiums for contract surety business increased 2.8 percen...
94
10K
DirectLineInsuranceGroupPLC-AR_2017
2,587
Proceeds of this issuance have primarily been used to fund the repurchase of £250 million subordinated guaranteed dated notes which had a market value of £326.8 million (see note 32).
30
annual_report
3815
4,022
On February 6, 2009, Moody’s downgraded the senior debt ratings to Baa1 from A3 and the insurance financial strength ratings for the Company’s lead property and casualty and life insurance operating companies to A1 from Aa3. The ratings outlook is negative.
41
10K
AssicurazioniGeneraliSpA-AR_2019
2,095
(*) Cash and cash equivalents at the beginning of the period include cash and cash equivalents (€ 6,697 million), liabilities to banks payables on demand (€ -110 million) and bank overdrafts (€ -2 million).
34
annual_report
BaloiseHoldingLtd-AR_2003
1,434
Market value of subscribed shares at time of subscription in CHF m 2.0
13
annual_report
fr_axa-AR_2013
511
Merkel’s election victory. Fed tapering fears have seen markets climb and fall, but September’s surprise decision to postpone tapering weakened the dollar and slowed the yen’s downward slide.
28
annual_report
HannoverRueckSE-AR_2010
674
United Kingdom and Germany; financial solutions provide an additional element of structural diversification.
13
annual_report
5801
1,145
During the fourth quarter of 2018, the Company exchanged Convertible Notes in the aggregate principal amount of $75.8 million for a combination of cash and the issuance of an aggregate of 3,595,452 shares of the Company’s common stock.
38
10K
5942
1,868
The liability for future policyholder benefits for long-term care insurance (included in Corporate & Other) includes assumptions for morbidity, withdrawals and interest. Interest rate assumptions used for establishing long-term care claim liabilities range from 3% to 6%. Claim reserves for long-term care insurance incl...
53
10K
INGGroepNV-AR_2009
3,017
Foreign exchange risk in banking books Foreign exchange (FX) exposures in banking books result from commercial banking business (business units doing business in other currencies than their base currency), FX translation risk on foreign currency investments (including realised results) and strategic equity stakes in fo...
55
annual_report
4701
826
On March 12, 2013, the Company granted the COO a stock option to purchase 100 thousand shares of common stock. The option has an exercise price of $4.51 per share, expires on March 12, 2018 and vests over three years as follows: one third on the one (1) year anniversary of the date of grant, one third on the two (2) ye...
82
10K
2891
478
Liabilities for collateral received in conjunction with securities lending and other activities and for funds received from security repurchase activities were $ 2.23 billion, $2.93 billion and $1.92 billion at December 31, 2005, 2004, and 2003, respectively, and are reported in other liabilities and accrued expenses i...
89
10K
5334
954
A description of our legal proceedings is presented in Note 12 of Notes to the Consolidated Financial Statements included in Part II, Item 8, “Financial Statements.”
26
10K
2900
633
The London Market division is comprised of our Lloyd’s of London business, in which we participate through our 100% ownership of Newline and our London branch office. The London Market division writes insurance and reinsurance business worldwide, principally through brokers.
40
10K
5700
19,119
Our Board of Directors has authorized the repurchase of shares of AIG Common Stock and warrants to purchase shares of AIG Common Stock through a series of actions. On February 13, 2019, our Board of Directors authorized an additional increase of approximately $1.5 billion to its previous share repurchase authorization....
117
10K
NatwestGroupPLC-AR_2007
3,841
Under existing arrangements, no redemption or purchase of any non-cumulative preference shares may be made by the company without the prior consent of the UK Financial
26
annual_report
AvivaPLC-AR_2014
962
We purchase 56% of our electricity from renewable sources round the world. However, the UK Government conversion factors require that the CO2e element of UK renewable electricity should be reported as grid average. For our unavoidable remaining carbon emissions we offset these to the value of 100% through the acquisiti...
61
annual_report
INGGroepNV-AR_2020
4,068
Looking back on 2020, it was a challenging year and the works councils worked closely with ING’s management to find solutions for issues impacting employees. Many of these arose from the coronavirus outbreak and the subsequent measures that were taken to contain it, not least working from home.
48
annual_report
HannoverRueckSE-AR_2015
1,010
Within the overall framework of operational risks we consider, in particular, business process risks, compliance risks, risks associated with sales channels and outsourcing of functions, fraud risks, personnel risks, information technology risks / information security risks and business interruption risks.
40
annual_report
1775
2,844
In October 2001, the FASB issued SFAS No.144, Accounting for the Impairment of Disposal of Long-Lived Assets ("SFAS 144"). SFAS provides a single model for accounting for long-lived assets to be disposed by superceding SFAS No. 121, Accounting for the Impairment of Long-Lived Assets and for Long-Lived Assets to be Disp...
250
10K
AvivaPLC-AR_2013
1,671
Notes 1 Mark Wilson joined the Board with effect from 1 December 2012, and became Group CEO on 1 January 2013. He received no emoluments in respect of 2012. 2 Patrick Regan tendered his resignation as CFO on 22 January 2014 and will leave the Board and the Group before the AGM, and so received no bonus award for 2013. ...
245
annual_report
5833
1,168
We obtain independent pricing quotes based on observable inputs as of the end of the reporting period for all securities in Level 2. Those inputs include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, market bids/offers, quoted prices for similar instru...
86
10K
NatwestGroupPLC-AR_2018
2,369
Notes: (1) Includes accounts which have an interest only sub-account and a capital and interest sub-account to provide a more comprehensive view of interest only exposures. (2) 31 December 2018 data was prepared under IFRS 9. 31 December 2017 data was prepared under IAS 39. For UK PBB this excludes a non-material amoun...
94
annual_report
NatixisSA-AR_2010
19
Natixis is listed on the Paris stock exchange and is part of the CAC 40 index.
16
annual_report
5177
1,358
On February 17, 2016, the Company and the selling shareholders of AHFL entered into a third Amendment to the Acquisition Agreement (the “Third Amendment”), pursuant to which, on or prior to June 30, 2016, (i) the Company is committed to complete the listing of the Company’s shares in a major capital market, where the n...
295
10K
AegonNV-AR_2011
1,099
�� Earnings from Life increased to GBP 86 million, mainly as a result of one-time benefits related to the annuities business and a curtailment gain related to changes to the employee pension plan (GBP 8 million). In addition, the effect of cost reductions contributed to the increase.
47
annual_report
AegonNV-AR_2017
484
Commissions and expenses Commissions and expenses decreased by 6% compared with 2016 to EUR 6.3 billion in 2017, mainly driven by lower sales of life and annuity products in the United States. Operating expenses increased by 3% compared with 2016 to EUR 3.9 billion in 2017.
46
annual_report
1943
1,014
membership as our membership at a given period end in a segment or for a particular customer or funding type, after excluding the impact of members obtained through acquisitions or lost through dispositions during such period. We believe that same-store membership counts best capture the rate of organic growth of our o...
87
10K
3746
782
Property/Other Premium. Property/Other premium consists of gross written premium for engineering and construction business, onshore energy business and European property business. The engineering and construction business provides coverage for construction projects including machinery, equipment and loss of use due to ...
88
10K
fr_axa-AR_2016
4,897
■ in order to benefit from a more asset- specific and/or geographical expertise, the Group may also decide to invest through external asset managers. In such event, thorough due diligence analyses are performed by the Investment and the r isk m anagement communities and a continuous monitoring is implemented at both Gr...
55
annual_report
SwissLifeHoldingAG-AR_2015
1,478
CASH AND CASH EQUIVALENTS AS AT END OF PERIOD 5 296 6 062
13
annual_report
189
1,262
Assets held under variable universal life, variable life and variable annuity contracts are segregated in Separate Accounts and are invested, as designated by the contractholder or participant under a contract, in shares of Aetna Variable Fund, Aetna Income Shares, Aetna Variable Encore Fund, Aetna Investment Advisers ...
248
10K
NNGroupNV-AR_2013
477
Net result from continuing and discontinued operations 1,226 1,226 20 1,246 Total comprehensive income 0 0 3,718 3,718 18 3,736
20
annual_report
de_allianz-AR_2006
173
The declaration of compliance with the German Corporate Governance Code pursuant to section 161 of the German Stock Corporation Act, issued by Allianz SE on December 18, 2006, is as follows: “1. Allianz SE will comply with all the recommendations made by the Government Commission of the German Corporate Governance Code...
58
annual_report
4338
1,793
General and administrative expenses. General and administrative expenses decreased $9.9 million, or 10.5%, for the year ended December 31, 2011 compared to the year ended December 31, 2010. The decrease in general and administrative expenses was primarily due to a decrease in incentive-based compensation due to higher ...
147
10K
AegonNV-AR_2019
926
Oversight Committee has been established to have a final say on dilemmas that have been escalated to it.
18
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2013
663
Consolidated result 2013 Prev. year Change €m €m % Reinsurance life 413 496 –16.7 Reinsurance property-casualty 2,384 2,559 –6.8 Primary insurance life 134 155 –13.5 Primary insurance health 130 89 46.1 Primary insurance property-casualty 169 –4 – Munich Health 150 –91 – Asset management –38 – –
47
annual_report
3815
1,876
(Dollar amounts in millions, except for per share data, unless otherwise stated)
12
10K
AvivaPLC-AR_2017
3,173
Liabilities Insurance liabilities 3,777 Unallocated divisible surplus 244 Net asset value attributable to unitholders 551 Other liabilities 149
18
annual_report
5409
1,451
We had investment contracts in which the return was tied to a leveraged inflation index. We economically hedged the risk associated with these investment contracts.
25
10K
4435
1,125
Financial or other support was not provided to investees designated as VIEs in the form of liquidity arrangements, guarantees, or other commitments by third parties that may affect the fair value or risk of American National’s variable interest in the investees designated as VIEs as of December 31, 2011 and 2010.
51
10K
TrygAS-AR_2007
1,425
Provisions for bonus and premium rebates represent amounts expected to be paid to policyholders in view of the claims experience during the financial year.
24
annual_report
AdmiralGroupPLC-AR_2012
122
India 1. United Kingdom Since 1993 2. India Since 2001 3. Gibraltar Since 2003 4. Spain Since 2006 5. Canada (Halifax, Nova Scotia) Since 2007 6. Italy Since 2008 7. US (Texas, Virginia, Maryland and Illinois) Since 2009
38
annual_report
4179
2,890
These impairments will be included within realized losses and the cost basis of the investment reduced accordingly.
17
10K
fr_axa-AR_2014
4,220
While the manner in which the above-mentioned IAIS policy measures (and any other initiatives launched by the IAIS
18
annual_report
699
127
Direct (net) $ 5,202,001$ 1,854,270 181% Assumed (net) 1,032,260 2,513,775 (59% ) -------------- --------------
14
10K
fr_axa-AR_2015
2,623
Offi cer of Cap Gemini France. In May 2000, following the merger between Cap Gemini and Ernst & Young Consulting (which he initiated), he became Deputy Chief Executive Offi cer of the Group and member of the Board of Directors. As of January 1st, 2002, he became Chief Executive Offi cer of the Capgemini G roup.
56
annual_report
de_allianz-AR_2008
1,538
The Allianz internal risk capital model plays a significant role in solvency management and capital allocation. Our aim is to ensure that the Allianz Group is adequately capitalized at all times, even following a significant adverse event, and that all operating entities meet their respective capital requirements. In a...
79
annual_report
5714
1,098
The following table summarizes certain financial ratios as of and for the years ended December 31, 2019 and December 31, 2018:
21
10K
NatwestGroupPLC-AR_2016
9,194
Group’s access to traditional sources of funding or increase the costs or collateral requirements for accessing such funding.
18
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2017
1,790
The present value of the obligations under defined benefit plans breaks down as follows:
14
annual_report
4604
2,070
AFG’s fixed-indexed annuities, which represented approximately 40% of annuity benefits accumulated at December 31, 2012, provide policyholders with a crediting rate tied, in part, to the performance of an existing stock market index. AFG attempts to mitigate the risk in the index-based component of these products throu...
169
10K