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AvivaPLC-AR_2014
3,106
Gross of non-controlling interests, our direct shareholder assets exposure to worldwide bank debt securities is £3.9 billion. The majority of our holding (79%) is in senior debt. The primary exposures are to UK (26%), Spanish (21%) and US (18%) banks. Gross of non-controlling interests, our direct shareholder asset exp...
117
annual_report
BaloiseHoldingLtd-AR_2010
927
→→ Competence of the audit team →→ Technical and industry knowledge →→ Understanding of corporate strategy →→ Complete independence whilst performing the audit →→ Corporate culture of the auditor (shared core values) →→ Timely reporting →→ Appropriateness of fees →→ Compliance with respective statutory, professional an...
52
annual_report
2541
733
The Company rapidly expanded its assumed reinsurance operations after the formation of the division in late 1999. Written premiums were $2.4, $18.5 and $112.8 million, respectively for 2004, 2003 and 2002. Earned premiums, which lag behind written premiums, were $14.6, $32.4 and $122.5 million, respectively for 2004, 2...
81
10K
fr_axa-AR_2011
11,500
Risk prevention projects Most AXA entities support local risk prevention projects through sponsorship, philanthropy or products in the fi eld of road safety, health prevention, climate change, accidents at work etc.
31
annual_report
4622
1,977
The Company is required to prepare statutory financial statements in accordance with statutory accounting practices prescribed or permitted by the Division. Such statutory accounting practices primarily differ from U.S. GAAP by charging policy acquisition costs to expense as incurred, establishing future policy benefit...
114
10K
2808
829
Net investment income and interest credited on general account assets in Retail declined for the year ended December 31, 2005 due to lower assets under management from surrenders on market value adjusted (“MVA”) fixed annuity products at the end of their guarantee period. The increase for the year ended December 31, 20...
80
10K
AegonNV-AR_2006
2,298
Operating earnings before tax excludes the effect from net gains and losses on investments, impairment charges and non-recurring income and expense items. Net gains/losses on investments includes net realized gains and losses on general account fi nancial assets, other than those classifi ed as at fair value through pr...
97
annual_report
SwissReAG-AR_2013
1,472
̤ Board member of Geneva Association ̤ Board member of Global Risk Forum ̤ Board member of Insurance europe’s
19
annual_report
4699
2,031
Specialty casualty Commissions and other underwriting expenses as a percentage of net earned premiums increased 0.2 percentage points in 2013 compared to 2012 reflecting higher profitability-based commissions related to international business and increases in staffing costs related to business growth, partially offset ...
51
10K
fr_axa-AR_2011
7,671
The estimated impact of the unlocking of discount rates relating to Life & Savings reserves was €2,635 million for 2011
20
annual_report
4051
3,359
the value of the hedge fund investments cannot be redeemed because the investments include restrictions that do not allow for redemptions within a pre-defined timeframe. These restrictions expire no later than December 31, 2011. Funds that equate to 50 percent of the total value of hedge funds hold at least one investm...
92
10K
RSAInsuranceGroupPLC-AR_2007
333
Claims development and reserving levels are closely monitored by Reserve Committees. Each region’s Reserve Committee determines a recommended level of outstanding claims reserves, in accordance with the Group Reserving Policy. The Group Reserving
33
annual_report
4529
25,267
We also manage interest rate risk by emphasizing the purchase of securities that feature prepayment restrictions and call protection. Our product design and pricing strategies include the use of surrender charges or restrictions on withdrawals in some products. The Company’s exposure to interest rate risk has been cons...
52
10K
ScorSE-AR_2017
443
(2) Net of retrocession and reinstatement premiums (assumed and retrocession). (3) Including Hurricane Harvey, Irma, Maria, Mexico Earthquakes, Northern and Southern California wildfires, Cyclone Debbie, South Africa climatic events,
29
annual_report
1784
810
Recent economic and industry trends also have affected the sales and financial results of our institutional business. Sales of fund-type products increased $804.7 million, or 21.1%, to $4,635.1 million. The increase was driven by increasing demand for funding agreements in the non-qualified institutional market, primar...
154
10K
1989
832
• Second, because the revenues of our investment management and variable products businesses are to a large extent based on fees related to the value of assets under our management, the poor performance of the equity markets has limited our fee revenues by reducing the value of the investment assets we manage. Our asse...
101
10K
1910
709
Certain of the Company’s modified coinsurance and coinsurance funds withheld annuity reinsurance agreements have features that constitute embedded derivatives which require bifurcation and separate accounting under FAS 133 - Accounting for Derivative Instruments and Hedging Activities. The valuation of these embedded d...
106
10K
4431
1,054
The following table sets forth by level, within the fair value hierarchy, the pension plan assets at fair value as of December 31, 2011.
24
10K
NatixisSA-AR_2019
9,964
NA – Green assets % of green assets invested in 2019 14%
12
annual_report
4146
874
Structured settlements have been negotiated for certain property and casualty insurance claims. Structured settlements are agreements to provide fixed periodic payments to claimants. Certain structured settlements are funded by annuities purchased from CAC for which the related annuity obligations are reported in futur...
112
10K
StandardLifeAberdeenPLC-AR_2015
362
 UK Equity Income Unconstrained Fund won the UK Core Equity category at the Institutional Investor Awards and the UK Equity Income category at the Investment Adviser 100 Club Awards
30
annual_report
fr_axa-AR_2003
2,314
(€–33 million to €+37 million in 2003). Net investment gains on equities were down by €30 million to €+10 million in 2003, including a €137 million gain on the sale of Credit Lyonnais shares more than offset by €142 million of valuation allowances. Investment income marginally decreased by €8 million mainly on real est...
54
annual_report
fr_axa-AR_2014
154
Launch of ICBC-AXA Life, a new life insurance joint venture in
11
annual_report
5344
1,703
For 2015, total OTTI was $49.5 million. Of this amount, $26.8 million was recognized in earnings and the remaining $22.7 million was recorded as unrealized losses in AOCI. The $26.8 million of OTTI recognized in earnings relates to $16.0 million of credit impairments, $4.0 million of fixed maturity securities that the ...
60
10K
962
204
The Company leases approximately 490,000 square feet of office and warehouse space at various locations throughout the United States for its other business units and staff functions. In addition, the Company leases approximately 365 claim offices, consisting of 1,540,000 square feet, at various locations throughout the...
67
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007
1,988
Figures for previous years In accordance with IAS 8, changes in recognition and measurement necessitated the retrospective adjustment of the consolidated balance sheet as at 31 December 2006 and the consolidated income statement for the financial year 2006. Details are given in the section “Changes in accounting polici...
67
annual_report
4495
508
Employee compensation and benefits expense increased, on a net basis, approximately 4.3% or $20.9 million in 2011. However, that net increase included $27.8 million of new compensation costs related to new acquisitions that were stand-alone offices, and therefore, employee compensation and benefits from those offices t...
115
10K
701
269
FBL Ventures was a wholly owned investment company subsidiary of Farm Bureau Life which invested in start-up and mezzanine level venture capital investments in various sectors. Operating results of FBL Ventures were recognized in accordance with accounting principles for investment companies and, as such, unrealized an...
109
10K
NatwestGroupPLC-AR_2010
3,398
Net cash flows from financing activities (14,380) 18,791 15,102 (3,180) 10,817 28,416 Effects of exchange rate changes on cash and cash equivalents 82 (8,592) 29,209 5 (83) 761
28
annual_report
1891
451
Investment securities comprise mainly investment grade debt securities. Investment securities were $73.6 billion, including gross unrealized gains and losses of $3.5 billion and $1.5 billion, respectively, at December 31, 2002 ($62.0 billion, including gross unrealized gains and losses of $1.4 billion and $1.8 billion,...
98
10K
AegonNV-AR_2018
5,064
USD 250 million floating LIBOR rate 1 Quarterly, December 15 2019 212 212 212
14
annual_report
AdmiralGroupPLC-AR_2015
852
Loss ratio net of releases – original net share*¹ 68.6% 64.1%
11
annual_report
4014
1,509
As of December 31, 2009, $1.9 billion of the Company's $9.1 billion of fixed maturity securities were guaranteed by third parties. The following table presents the credit rating of these securities without the third-party guaranty:
35
10K
5185
1,200
At December 31, 2014, our total membership increased by 1,273,000, or 44.7%, compared to December 31, 2013. The growth in 2014 was mainly driven by organic membership growth across all of our segments, primarily in our Medicaid Health Plans and Medicare PDPs segments, as well as the Windsor acquisition, which was compl...
61
10K
NatixisSA-AR_2019
10,339
Financing and investment in mobility and sustainable cities6.3.2.3 2019 KEY EVENT
11
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2002
2,428
SECURITY REDEFINED The world’s vulnerability was exposed on 11 September 2001 in an almost atavistic way. No less vulnerable, however, are electronic structures such as the internet and information systems. It is crucial that our security awareness keeps up with developments in technology. As with other crime, where th...
71
annual_report
5951
672
public and private school systems, higher education institutions, hospitals and healthcare facilities, not-for-profit organizations, state and local governments, small to mid-sized corporations and individuals. The Company also provides stable value investment options, including separate account guaranteed investment c...
133
10K
AegonNV-AR_2009
202
1 Source: United Nations World Population Prospects. 2 Source: PriceWaterhouseCoopers ‘Entering the Indian Financial Services Market’.
16
annual_report
AegonNV-AR_2019
5,751
Net income / (loss) attributable to common shareholders B 10 4 16
12
annual_report
4411
1,437
2.1%, from $32.98 at December 31, 2010 to $32.28 at December 31, 2011. The decrease was due to dividends paid exceeding net income during the year ended December 31, 2011. Diluted book value per common share is a Non-GAAP financial measure. The most comparable U.S. GAAP financial measure is book value per common share....
121
10K
RSAInsuranceGroupPLC-AR_2017
2,996
Other Mainly consist of property funds 343 66 409 361 106 467
12
annual_report
4370
1,916
•the effect of catastrophes and the cession of the bulk of Chartis net asbestos liabilities in the United States to NICO. Excluding the impact of the NICO cession and catastrophes, cash provided by AIG's reportable segments in 2011 is consistent with 2010, as increases in claims paid were offset by increases in premium...
58
10K
gb_prudential-AR_2017
7,164
The Company’s leather‑bound Deed of Settlement lists the first shareholders and directors, and outlines the Company’s purpose – to offer life assurance and loans to the middle classes. Shareholders including lawyers, doctors, a wine merchant and a number of ‘gentlemen’ accounted for the first 1,530 shares in the Compan...
49
annual_report
2202
705
• Real estate-The estimated fair value of real estate is generally computed using the present value of expected future cash flows from the real estate discounted at a rate commensurate with the underlying risks.
34
10K
de_allianz-AR_2012
1,457
With total premiums amounting to € 255 mn in Latin America, we recorded growth of 11.0 %, excluding positive foreign currency translation effects of € 13 mn. The growth in the South American region was attributable to our traditional insurance business, while increased investment-oriented premiums in Mexico more than c...
57
annual_report
2875
626
The property and casualty industry has had significant loss experience from claims related to asbestos, environmental remediation, product liability, mold and other mass torts. Asbestos reserves are $3.7 million, and environmental reserves are $5.5 million, for a total of $9.2 million, or 1.3% of net losses and loss ex...
74
10K
4832
1,173
Our underwriting profit (loss) in the year ended December 31, 2013 was consistent with the combined ratio, discussed below.
19
10K
4434
614
Amounts are impacted by accumulated other comprehensive income (loss) totaling $149.6 million in 2011, $39.9 million in 2010, ($118.7) million in 2009, ($649.8) million in 2008 and ($36.3) million in 2007. These amounts are net of deferred income taxes and other adjustments for assumed changes in the amortization of de...
62
10K
NatixisSA-AR_2012
7,682
Overall Ceiling Total limit for capital increases carried out pursuant to resolutions Ten through Eighteen, equal to three (3) billion euros .
22
annual_report
868
527
Basic earnings per share is based on weighted average common shares and excludes any dilutive effects of options and convertible securities. Diluted earnings per share assumes the conversion of dilutive convertible securities and the exercise of all dilutive stock options. See Note 12 for information with respect to th...
54
10K
4519
1,034
The following table is an analysis of the credit losses recognized in earnings on debt securities held by the Company as of December 31, 2012, 2011 and 2010 for which a portion of the OTTI loss was recognized in other comprehensive income (loss).
43
10K
4911
1,961
The following table summarizes maturing debt at December 31, 2014 of AIG (excluding $3.7 billion of borrowings of consolidated investments) for the next four quarters:
25
10K
212
316
The Registrant's financial position and results of operations are subject to fluctuations due to a variety of factors. Abnormally high severity or frequency of claims in any period could have a material adverse effect on the Registrant. Additionally, re-evaluations of the Registrant's loss reserves could result in an i...
72
10K
5647
1,562
Underwriting, acquisition and insurance expenses for the Run-off Lines segment consists primarily of administrative expenses. Underwriting expense for the year ended December 31, 2018 was favorably impacted by decreased overhead expenses. Underwriting expense for the year ended December 31, 2017 was unfavorably impacte...
93
10K
4766
716
See Note 4 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 detail on gross unrealized investment losses for debt and equity securities as of December 31, 2013.
43
10K
StandardLifeAberdeenPLC-AR_2018
941
Our vision to build a world-class investment company requires us to generate sustainable long-term value for our clients and customers. We utilise active investment management to achieve this outcome. With variable investment performance across our products we are focused on managing our investment performance risks. M...
105
annual_report
INGGroepNV-AR_2020
5,232
Negative interest on liabilities 678 422 453 Negative interest on assets 353 349 412
14
annual_report
5108
912
During 2015 and 2014, our diluted book value per common share appreciated by 7% and 11%, respectively, driven primarily by $602 million and $771 million in net income available to common shareholders, respectively. This was partially offset by an increase in unrealized losses on investments which are included in accumu...
115
10K
4030
1,513
The following table summarizes net realized investment losses from continuing operations by source for the years ended December 31:
19
10K
5846
1,191
The Company sponsors a U.S. nonqualified defined benefit pension plan covering MetLife employees who meet specified eligibility requirements of the sponsor and its participating affiliates. In addition, the Company also provides pension benefits for certain U.S. retired employees and postretirement medical and life ins...
70
10K
RSAInsuranceGroupPLC-AR_2009
1,474
Annual Report and Accounts 2009 | RSA | 109 13. ReInSuReRS’ ShARe of InSuRAnce contRAct lIAbIlItIeS
16
annual_report
NatwestGroupPLC-AR_2017
5,947
UK RB Investments 5 Ltd FC FC 100 250 Bishopsgate, London, EC2M 4AA, England
14
annual_report
fr_axa-AR_2012
5,181
The Life & Savings segment aggregates nine geographic operating components: France, the United States, the
15
annual_report
SwissReAG-AR_1975
95
Aviation 70 62 i 65 73 101 Atomic Risks 4 3 2 2 2 Credit, Surety 101 95 j 89 75 78
22
annual_report
PosteItalianeSpA-AR_2020
7,174
Net provisions for disputes with staff and provisions for restructuring charges are described in note B4 – Provisions for risks and charges.
22
annual_report
4612
1,574
Our Healthy Collaboration® strategy sets out a model of improving the quality of care to our members on a cost-efficient basis through an active partnership with our providers. We believe we can improve medical outcomes through a series of collaborative initiatives with our health care providers including clinically so...
118
10K
1425
308
Income before income taxes and minority interest decreased to a loss of approximately $6.2 million in 2000 from income of $3.3 million and $3.8 million in 1999 and 1998, respectively. This was a result of the losses in the direct operations, primarily from the sale of the Chilean companies during the second quarter of ...
134
10K
SwissReAG-AR_1985
542
Burglary, fidelity and allied lines: Insurance against burglary, breaking and entering, robbery, embezzlement; also includes water damage, glass breakage, damage to and loss of jewellery or damage or losses in connection with the keeping of animals.
36
annual_report
363
324
Interest. Interest expense increased to $1.0 million in 1995 from $0.4 in 1994. The $1.0 million was composed of the interest on the Bank Loan, the Promissory Note and the imputed interest on the consulting and non-competition agreements incurred to finance the IDH and US Dental acquisitions (the "Agreements"). The wei...
97
10K
RSAInsuranceGroupPLC-AR_2012
1,426
Governance Code. It outlines the remuneration policies and individual remuneration details of the Executive Directors and Non-Executive
17
annual_report
AvivaPLC-AR_2013
870
While we have appetite for our top three risks by type, we transfer or mitigate specific risks within these categories, where the risk-adjusted returns are insufficient or where we believe that we have excess exposure. Specific risk transfer and mitigation solutions which we employ to manage these and other risks inclu...
60
annual_report
2930
1,999
The Company has a long history of investment in real estate. Real estate investments totaled $81.9 million at December 31, 2005 and $91.5 million at December 31, 2004. Property types include office, industrial, multi-family and single-family residential, along with unimproved land. Properties have been acquired through...
117
10K
5501
3,949
Commercial mortgage loans held by CSEs - FVO and long-term debt of CSEs - FVO: Fair value is determined using third-party commercial pricing services, with the primary input being quoted securitization market price determined principally by independent pricing services using observable inputs or quoted prices or report...
53
10K
AegonNV-AR_2005
1,584
Accident and health products are sold in the United States, Canada, the Netherlands, Spain, Hungary, Taiwan and China. AEGON offers limited forms of health insurance, including disability insurance in the Netherlands, Spain and Hungary and accidental death and dismemberment insurance in the United States, but does not ...
71
annual_report
2513
969
The Company’s investment security with the largest net unrealized loss at December 31, 2004, for which an other-than-temporary impairment charge has not been taken was a net unrealized loss of $0.3 million, representing 0.4% of the amortized cost of the security, which is rated AAA. This unrealized loss, as well as a m...
128
10K
fr_axa-AR_2002
687
– Asia / Pacific region: Japan: AXA Insurance Co. and AXA Group Life Insurance.
14
annual_report
5472
1,457
PRIFA. As of December 31, 2017, the Company had $18 million insured net par outstanding of PRIFA bonds, which are secured primarily by the return to Puerto Rico of federal excise taxes paid on rum. These revenues are potentially subject to the clawback. The Company has been making claim payments in the PRIFA bonds sinc...
57
10K
SwissReAG-AR_2010
2,500
Modified coinsurance arrangements are treated on a gross basis with the separate recognition of the funds withheld, as well as the liabilities for life and health policy benefits.
28
annual_report
AvivaPLC-AR_2011
26
Our customers and communities We are building a strong, sustainable business which makes a positive contribution to society.
18
annual_report
4015
585
Depreciation expense was relatively unchanged in 2009 compared to 2008. The decrease in depreciation expense in 2008 compared to 2007 was due to the full depreciation in 2007 for the Syn/Coal facility that continued to be consolidated in 2008 ($0.2 million), the sale of an airplane leasing company in first quarter 2007...
66
10K
NatixisSA-AR_2015
7,672
(a) The main change in the 2015 fi scal year was the disposal of FIDEPP securities for €44 million.
19
annual_report
SwissReAG-AR_2005
2,383
The Annual General Meeting 2004 approved an increase of the conditional capital from CHF 900 000 to CHF 2 000 000.
21
annual_report
4141
1,097
To determine the fair value of securities available-for-sale in Level 1 and Level 2 of the fair value hierarchy, independent pricing sources have been utilized. One price is provided per security based on observable market data. To ensure securities are appropriately classified in the fair value hierarchy, we review th...
248
10K
AegonNV-AR_2013
5,288
Auditor’s responsibility Our responsibility is to express an opinion on the company financial statements based on our audit. We conducted our audit in accordance with Dutch law, including the Dutch Standards on Auditing. This requires that we comply with ethical requirements and plan and perform the audit to obtain rea...
62
annual_report
5421
1,325
We issued 992 thousand warrants in connection with our Private Placement. Each warrant gives the holder thereof the right to purchase one share of common stock at an exercise price equal to $10.00. The warrants were issued with an aggregate fair value of $5.1 million.
45
10K
3269
5,492
Interest rate risk is the potential change in value of the fixed maturity portfolio, including short-term investments, from a change in market interest rates. In a declining interest rate environment, it includes prepayment risk on the $1,594.0 million of mortgage-backed securities in the $10,319.9 million fixed maturi...
69
10K
5634
5,023
Auto insurance premiums written totaled $542 million in 2017, an 8.3% decrease from $591 million in 2016. Factors impacting premiums written were:
22
10K
NatwestGroupPLC-AR_2008
1,360
Foreign Exchange Risk in the Banking Book (FXRBB) represents exposures to changes in the values of current holdings and future cashflows denominated in other currencies. Hedging instruments used to mitigate these risks include foreign currency options, currency swaps, futures, forwards and deposits. Foreign exchange ri...
91
annual_report
3455
1,796
Revenue increased by $21.9 million, or 26%, during 2007 compared to 2006. Affiliated service fee revenue increased by $21.6 million primarily as a result the growth in fees for the administration of our Medicare Advantage business as well as Part D prescription drug plans on behalf of our insurance subsidiaries. The in...
77
10K
fr_axa-AR_2004
2,698
Note 14 : Contingent assets and liabilities and unrecognized contractual commitments
11
annual_report
fr_axa-AR_2008
3,662
Income arising from investments in associates – Equity method 6 5 1 – – 2 – 13
17
annual_report
3851
828
As mentioned above, results for both periods include the impact of an annual review of our estimate of total gross profits used as a basis for amortizing deferred policy acquisition and other costs and unearned revenue reserves for our variable and universal life products and deferred policy acquisition costs, deferred...
185
10K
ScorSE-AR_2013
3,914
The changes in fair value through income as presented above are recognized in P&L. Following the activation of the contingent capital in July 2011, the derivative instrument fair value and the total fees payable were reduced for the same amount.
40
annual_report
Sampoplc-AR_2015
833
The Major Risks and Uncertainties to the Group in the Near-term
11
annual_report
HannoverRueckSE-AR_2019
1,253
In this section we compare the available economic capital with the required risk capital in greater detail. Hannover Re calculates the economic equity as the difference between the market-consistent value of the assets and the market-consistent value of the liabilities. While fair values are available for most investme...
271
annual_report
NatixisSA-AR_2015
5,565
(a) Of which €475 million in provisions at December 31, 2015 in respect of Madoff net outstandings.
17
annual_report
INGGroepNV-AR_2010
3,186
In the risk transfer process, client behavioural characteristics play an important role. The behaviour in relation to mortgages, loans, savings and demand deposits is modelled by CMRM, following extensive research. Models and parameters are back-tested regularly and updated when deemed necessary. In the modelling of sa...
100
annual_report
fr_axa-AR_2006
4,000
Equity securities at fair value through profit and loss (c) 18,804 18,804 4.09% 48 48 0.48% 18,852 18,852 4.02%
19
annual_report
5449
1,087
In the normal course of investing activities, the Company either forms or enters into relationships with variable interest entities ("VIEs"). A VIE is an entity that either has investors that lack certain essential characteristics of a controlling financial interest, such as simple majority kick-out rights, or lacks su...
164
10K
SwissReAG-AR_2020
4
In 2020, Swiss Re partnered with the Indonesian Ministry of Finance and a local insurer to build financial resilience around the country’s public assets. This is one example of how our research and data capabilities enable us to create insurance solutions that strengthen societies.
44
annual_report