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2889
2,649
“Contribution cases” are brought by private companies, such as asbestos manufacturers or their insurers, who are seeking contribution or indemnity for court claims they incurred on behalf of individuals injured by their products but who also allegedly were injured by smoking cigarettes. One such case is pending against...
53
10K
gb_prudential-AR_2016
670
Underlying free surplus generated from in-force life business and asset management3 4,491 3,761 19 4,068 10
16
annual_report
5349
2,400
The Company has the ability to borrow on an unsecured basis up to an aggregate principal amount of $1.0 billion under a Credit Facility. The Company has the right in certain circumstances to request that the commitment under the Credit Facility be increased up to a maximum principal amount of $1.25 billion. Balances ou...
266
10K
3612
1,192
During 2006 and 2005, ILIAC served as investment advisor to certain variable funds offered in Company products (collectively, the “Company Funds”). The Company Funds paid ILIAC, as investment advisor, daily fees that, on an annual basis, ranged, depending on the Fund, from 0.5% to 1.0% of their average daily net assets...
185
10K
2065
533
We have audited the accompanying statutory statements of financial position of C.M. Life Insurance Company (the “Company”) as of December 31, 2002 and 2001, and the related statutory statements of income, changes in shareholder’s equity, and cash flows for the years ended December 31, 2002, 2001 and 2000. These financi...
73
10K
4004
692
Subject to adjustment based on changes in estimated risk adjustment payments related to final settlements in 2010.
17
10K
1974
497
In Table II in Item 1, the ratio of lapses and surrenders to mean life insurance in-force has varied between 4.4% to 5.1% for four of the past five years. The 2002 ratio of 7.3% relates to surrenders caused by the current uncertain economic conditions in several Latin American countries. After review of the surrender a...
133
10K
NNGroupNV-AR_2013
2,031
The principal subsidiaries and their statutory place of incorporation or primary place of business are as follows: Entities that are part of the insurance operations
25
annual_report
4496
796
We provide a 401(k) plan for substantially all of our employees. We match 100% of the first 5% of employees’ contributions to the plan. For the years ended December 31, 2011, 2010 and 2009, our contributions to the plan on behalf of the participating employees were $97, $87, and $81, respectively.
51
10K
5644
2,046
On June 18, 2018, we redeemed $125.0 million of our 6.00% Senior Notes due 2020 resulting in a realized loss, or make-whole payment, of $8.6 million.
26
10K
ScorSE-AR_2012
598
On 10 September 2012, SCOR successfully placed on the Swiss franc market perpetual subordinated notes with a first call date in June 2018, for an aggregate total amount of CHF 250 million.On 24 September 2012, SCOR successfully increased its recently placed perpetual subordinated notes by CHF 65 million to a cumulated ...
61
annual_report
4628
840
On July 10, 2007, a general partnership of the Company, Kingsway 2007 General Partnership, issued C$100.0 million Senior Unsecured Debentures at 6% due on July 11, 2012. These debentures bore interest at a fixed rate of 6% per annum payable semi-annually from the date of issuance until July 11, 2012. Interest payments ...
92
10K
5591
1,086
Reinsurance does not discharge the Company from our primary liability to policyholders, and to the extent that a reinsurer is unable to meet its obligations, we would be liable. We continuously monitor the financial condition of prospective and existing reinsurers. As a result, we purchase reinsurance from a number of ...
71
10K
gb_lloyds_banking_grp-AR_2016
5,486
Credit risk methodologies have been defined and model build and approval is underway for core portfolios. The Retail secured model has been approved by the Model Governance Committee. Models and credit risk processes will be tested during the parallel run period to embed the changes and help improve the understanding o...
55
annual_report
AvivaPLC-AR_2015
2,125
Performance below threshold on both targets would result in the award lapsing in its entirety.
15
annual_report
4051
2,026
of the Maiden Lane Interests. Other methodologies employed or assumptions made in determining fair value for these investments could result in amounts that differ significantly from the amounts reported.
29
10K
3378
709
The residential mortgage markets in the United States are experiencing significant financial stress. The decline in home sales that began in the second half of 2006 and continued into 2007 led to the first year-over-year decline in nationwide house prices since 1991. The subprime mortgage industry began to deteriorate ...
157
10K
2293
1,196
(p) Reinsurance Assets: Reinsurance assets include the balances due from both reinsurance and insurance companies under the terms of AIG’s reinsurance agreements for paid and unpaid losses and loss expenses, ceded unearned premiums and ceded future policy benefits for life and accident and health insurance contracts an...
70
10K
StandardLifeAberdeenPLC-AR_2014
718
Director independence, external activities and conflicts of interest The Board carries out a formal review of the independence of non-executive Directors annually, including an assessment of their character, judgement and their relationships or circumstances which may affect their independence. The review considers all...
103
annual_report
5385
1,420
In January, 2016, the FASB issued new accounting guidance surrounding the accounting for financial instruments. The new guidance addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. In particular, the guidance requires equity investments, except for those account...
179
10K
5777
2,240
The Company may waive some or the entire management fee with respect to any investor. Certain current and former employees of the Company who have investments in the Assured Investment Management funds are not charged any management fees.
38
10K
fr_axa-AR_2017
1,117
Underlying earnings before tax increased by €37 million (+12%) to €353 million. On a constant exchange rate basis, underlying earnings before tax increased by €42 million (+13%) as a result of higher gross revenues and an improved underlying cost income ratio reflecting the cost savings program.
46
annual_report
2198
621
Additionally, the Investment Products segment sells variable annuity contracts that offer various guaranteed death benefits. For certain guaranteed death benefits, the Company pays the greater of (1) the account value at death; (2) the sum of all premium payments less prior withdrawals; or (3) the maximum anniversary v...
116
10K
4919
1,288
In connection with our acquisition of Mercer Insurance Group on March 28, 2011, we acquired three statutory trusts with outstanding issuances of trust preferred securities balances as of the acquisition date of $15,614. We redeemed each of the trusts and related issuances in full in 2012. We incurred $509 of interest e...
60
10K
1566
178
expense ratio remained approximately the same, averaging 28.3% during the latest three year period. The mortgage guaranty segment's expense ratio decreased in 2000 compared to 1999 and 1998 due to lower costs associated with an enhancement of information systems substantially completed in 1999, and a reduction in costs...
133
10K
NatixisSA-AR_2011
1,301
Permanent representative for Bolloré Participations, member of the Board of: la Société Anonyme Forestière et Agricole (Safa), la Société
19
annual_report
ScorSE-AR_2008
1,935
Other intangible assets consist primarily of customer related intangibles arising from non-life business combinations and purchased or development related to software.
21
annual_report
2026
1,136
Includes impairment writedowns recorded in accordance with Statements of Standard Accounting Practice No. 37, Mortgage Loans.
16
10K
SwissLifeHoldingAG-AR_2020
728
As part of its Group-wide sustainability programme, Swiss Life is also integrating sustainability and climate aspects into its existing risk management frameworks for the management of the business. Aside from uncertainty about new regulatory requirements, Swiss Life does not currently deem the physical and transitory ...
54
annual_report
3455
1,704
Medicare supplement insurance reimburses the policyholder for deductibles, co-pays and other specified expenses that are not covered by standard Medicare coverage. This coverage is designed for people who want the freedom to choose providers who participate in the standard Medicare program and limit their out of pocket...
116
10K
ASRNederlandNV-AR_2018
2,207
Where applicable in the notes to the financial statements the acquisitions are recognised in the changes in the composition of the group.
22
annual_report
RSAInsuranceGroupPLC-AR_2013
1,692
• Our response: In this area our audit procedures included, among others, challenging the cashflow forecasts and corresponding assumptions, and the useful economic lives of intangible assets based on our understanding of the relevant business and the industry and economic environment in which it operates. We compared f...
228
annual_report
AssicurazioniGeneraliSpA-AR_2015
4,286
Europ Assistance Yardim ve Destek Hizmetleri Ticaret Anonim Sirketi 076 TRY 1,304,000 a 11 99.99 Europ Assistance Holding S.A. 99.99 99.98 112
22
annual_report
4435
509
Our operating results continue to be significantly impacted by a high level of catastrophe losses in the Midwest and Northeast. We are not currently planning to change our geographic concentrations as we factor the higher level of losses into our pricing models.
42
10K
RSAInsuranceGroupPLC-AR_2017
3,378
Capital Commitments The Group’s significant capital commitments in respect of property and equipment and intangible assets are detailed in the table below: £m £m
24
annual_report
4141
818
Information about the composition of the primary insurance default inventory at December 31, 2009, 2008 and 2007 appears in the table below. Within the tables below, reduced documentation loans only appear in the reduced documentation category and do not appear in any of the other categories.
46
10K
AdmiralGroupPLC-AR_2016
813
Current Appointments: Chair of the British Heart Foundation Retail Committee Member of the Chartered Institute of Management Accountants Advisory Panel
20
annual_report
NatixisSA-AR_2010
2,393
Net exposure as at 12.31.2010 AAA AA A BBB BB B CCC CC
13
annual_report
HiscoxLtd-AR_2018
374
s Updates to the risk and control register, which summarises the Group’s material risk exposures and the key controls in place to mitigate them, as agreed with risk owners.
29
annual_report
912
336
- - In July 1998, FPA, one of our contracted health care providers, declared bankruptcy. As a result, we terminated all of our FPA contracts. Significant provider insolvency reserves were recognized in 1998.
33
10K
TrygAS-AR_2011
553
The requirement for reinsurance is assessed on an ongoing basis based on Tryg’s internal capital model, where the reinsurance premium is compared to the reduction in the capital requirement that could be achieved, and the price of capital.
38
annual_report
AegonNV-AR_2013
3,748
In 2012, Aegon decided to bring forward the measures, as Aegon committed to the 'best of class' principles of the Dutch Ministry of
23
annual_report
StandardLifeAberdeenPLC-AR_2015
1,208
Under the recently amended European Banking Authority guidance on remuneration requirements under the EU Capital Requirements Directive (CRD IV), it is anticipated we may no longer be able to apply proportionality to dis-apply the remuneration regulations for material risk takers of companies subject to CRD IV. As at t...
191
annual_report
fr_axa-AR_2000
3,832
and U.S. GAAP, the goodwill asset is amortized over the remaining estimated useful life.
14
annual_report
AegonNV-AR_2001
1,584
Telephone: + 31 70 344 83 05 Fax: + 31 70 383 27 73 E-mail: groupir@aegon.nl
16
annual_report
NatwestGroupPLC-AR_2019
4,398
Liabilities by contractual maturity Amount due to subsidiaries - amortised cost 482 5 19 19 46 211 Other financial liabilities - debt securities in issue - amortised cost 158 1,744 1,109 9,611 6,270 1,451 - designated at fair value through profit or loss 2 — 2 — — — Subordinated liabilities 113 340 905 6,872 1,334 808 ...
76
annual_report
gb_lloyds_banking_grp-AR_2010
3,549
Lloyds Banking Group Annual Report and Accounts 2010 to plan for longer term succession. The average tenure of our Non-Executive Directors is nearly three years. Non-Executive Directors are currently appointed for three year terms. Following the move to annual re-election of Directors, Non-Executive Directors will in f...
55
annual_report
HannoverRueckSE-AR_2011
4,920
EUR 30 million, while the liability claims are difficult to esti­
11
annual_report
ASRNederlandNV-AR_2019
962
Dutch ID acts as an intermediary for insurance products and provides mandated brokerage services for some of the products and business lines offered by insurance companies. Based on these associations, Dutch ID provides administration services as a service provider to other intermediaries in the fields of their commerc...
119
annual_report
5108
1,848
The following table provides a breakdown of our mortgage loans held-for-investment:
11
10K
gb_prudential-AR_2016
24
9 Excluding 2015 special dividend of 10.00 pence per share. 10 Further information on actual and constant exchange rates basis is set out in note A1 of the IFRS financial statements.
31
annual_report
PosteItalianeSpA-AR_2020
1,889
SIM PosteMobile landlines and mobile telephones (stock in thousand) 4,416 4,623 207 4.7%
13
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011
1,053
the valuation reserves include adjustments to items in the property-casualty segment and for munich health that are not accounted for at fair value under iFrs, in particular to land and buildings and loans. We perform various valuation adjustments for property -casualty and life and health. in property-casualty reinsur...
154
annual_report
ScorSE-AR_2014
2,460
Obligation as at 1 January 296 102 115 79 254 92 111 51 216 73 101 42 Service cost 11 5 5 1 10 4 6 - 9 4 5 - Interest cost on obligation 10 3 3 4 7 3 2 2 7 3 2 2 Employee contributions 3 - 3 - 3 - 3 - 3 - 3 - Plan amendment (14) (4) (6) (4) - - - - 1 - - 1 Acquisition / divestiture (2) - - - - 34 - - 34 - - - - Benefit...
113
annual_report
nl_ing_grp-AR_2011
1,131
- The appeal with the General Court of the European Union against specific elements of the European Commission’s decision regarding ING’s restructuring plan.
23
annual_report
NatwestGroupPLC-AR_2012
5,899
Own-asset securitisations The Group has a programme of own-asset securitisations where assets are transferred to bankruptcy remote SPEs funded by the issue of debt securities. The majority of the risks and rewards of the portfolio are retained by the Group and these SPEs are consolidated and all of the transferred asse...
84
annual_report
Sampoplc-AR_2010
734
The sensitivity of If´s technical provisions to an increase in inflation, an increase in life expectancy and a decrease in the discount rate is presented in the table "Sensitivities of technical provisions, If P&C, 2010".
35
annual_report
LloydsBankingGroupPLC-AR_2007
840
Monitoring The Group’s strategy is reviewed and approved by the board. Regular reports are provided to the group executive committee and the board on the progress of the Group’s key strategies and plans. Group risk conducts oversight to seek to ensure that business plans remain consistent with the Group’s strategy.
50
annual_report
ASRNederlandNV-AR_2009
868
Net increase/decrease in liabilities arising from insurance contracts on behalf of policy holders 1,560 -2,359
15
annual_report
4701
568
On December 14, 2012, we filed a shelf registration statement on Form S-3 with the SEC, registering (i) for issuance up to $100 million of Common Stock, preferred stock, debt securities, warrants, rights or depositary shares, or units consisting of any combination thereof and (ii) for resale up to 7 million shares of C...
133
10K
AegonNV-AR_2011
6,435
8 List of Subsidiaries of AEGON N.V. – Incorporation by reference to Note 52 of this Annual Report.
18
annual_report
5958
3,049
Short-term investments primarily comprise money market funds, commercial paper, U.S. Treasury bills and other short-term investments, including securities lending collateral of $1.24 billion.
23
10K
BeazleyPLC-AR_2020
439
Supporting our colleagues Supporting our charity partner Renewable World is important to us. However it is equally important for us to support our colleagues. We want to enable our employees to support charities close to their own hearts, which is why we offer to match funding up to $750 for individual and $5,000 for g...
87
annual_report
2223
518
At December 31, 2001, TPC and its subsidiaries were affiliates of the Company and provided certain services to the Company. These services included data processing, facilities management, banking and financial functions, benefits administration and others. During 2002, the Company began phasing out these services. The ...
76
10K
BeazleyPLC-AR_2018
351
Finally, specialty lines will also continue to include our small business teams. Automating the operations of these teams as much as possible is the focus of our Beazley Digital strategic initiative, which should increase the productivity of our underwriters significantly. Like most Lloyd’s businesses, Beazley began li...
106
annual_report
2891
681
In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2005 and 2004, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2005, in conformity with accounting p...
96
10K
PhoenixGroupHoldingsPLC-AR_2014
2,377
The Group’s holdings in the above investments are subject to the terms and conditions of the respective fund’s prospectus and are susceptible to market price risk arising from uncertainties about future values. The Group holds redeemable shares or units in each of the funds. The funds are managed by an internal asset m...
114
annual_report
NatwestGroupPLC-AR_2013
2,949
Country concentration The country concentration framework is described in the Country risk section on pages 341 to 353.
18
annual_report
BaloiseHoldingLtd-AR_2011
2,084
18.3 other long-term benefits Benefits for active employees payable twelve months or more from fiscal year-end are accounted for separately in accordance with special rules. Accounting is performed similarly as with retirement liabilities, except that technical gains and losses are immediately recognised.
42
annual_report
SwissReAG-AR_1979
127
The baiance-sheet vaiue of capital market investments and real estate of Sw. frs. 3,323 million exceeds that of the preceding year by Sw. frs. 207 million. Since the deprecia­ tion due to the conversion of foreign investments re­ mained modest as a consequence of the stabilized cur­ rency markets, this increase in the ...
72
annual_report
NNGroupNV-AR_2015
854
Information barriers (AR: p. 28) The ethical barriers between different divisions of a financial (or other) institution to avoid conflict of interest. Also historically known as ‘Chinese Walls’.
28
annual_report
NatixisSA-AR_2008
4,182
They currently include 45 operational risk managers, fi ve of whom are based outside France (London, Asia, America) and 29 of whom work out of subsidiaries but report to the Operational
31
annual_report
2622
925
Operating expenses increased in 2004 as compared to 2003, and in 2003 as compared to 2002, due to the investment in segment infrastructure over the last year as well as an increase in the allocation of certain corporate expenses.
39
10K
PhoenixGroupHoldingsPLC-AR_2011
133
The Phoenix Way covers areas such as operational management, outsourcing, investment management, restructuring and risk management. Examples include establishing a standardised with-profit ‘model fund’, consolidating outsourcing arrangements and developing standard systems for actuarial modelling as part of our AST pro...
40
annual_report
PhoenixGroupHoldingsPLC-AR_2015
2,871
The value of the present value of future profits is determined on a realistic basis and is allocated in full to the Phoenix Life segment.
25
annual_report
AegonNV-AR_2007
1,151
As an international group, AEGON is subject to foreign currency translation risk. Foreign currency exposure exists when policies are denominated in currencies other than the issuer’s functional currency. Currency risk in the investment portfolios backing insurance and investment liabilities are managed using asset liab...
69
annual_report
PosteItalianeSpA-AR_2016
2,240
• Withholding tax due on postal current accounts refers to amounts withheld by BancoPosta RFC on interest accrued during the year on customer current accounts.
25
annual_report
4334
2,235
Since December 2007, several of the Company’s financial guarantee reinsurers, including Assured Guaranty Corp., Assured Guaranty Re Ltd., and Old Republic Insurance Co. have had their credit ratings either downgraded or put on negative watch by one or more of the major rating agencies. Although there was no material im...
91
10K
NatwestGroupPLC-AR_2013
826
In response to Internal Audit findings during the latter half of 2013, the Committee received at its request a presentation from executives of the Markets division on controls relating to trade and transaction reporting and actions underway to address identified weaknesses. The Committee has asked for regular updates o...
56
annual_report
fr_axa-AR_1999
3,911
In preparing the Consolidated Financial Statements, the effect of transactions among consolidated companies is generally eliminated. In accordance with
19
annual_report
3504
1,025
Health benefits expenses incurred during the year, related to prior years for the year ended December 31, 2006 increased approximately $37.1 million from approximately $25.7 million for the year ended December 31, 2005 to approximately $62.8 million for the year ended December 31, 2006. This increase was primarily a re...
140
10K
2138
2,032
The Assurant Solutions segment writes business produced by its clients, such as mortgage lenders and servicers and financial institutions, and reinsures all or a portion of such business to insurance subsidiaries of the clients. Such arrangements allow significant flexibility in structuring the sharing of risks and pro...
51
10K
ScorSE-AR_2013
5,370
Endorsements, sureties - 9 9 16 Letters of credit - 5 5 5
13
annual_report
fr_axa-AR_2011
4,563
may require (and to satisfy any requirements or other guidance promulgated) to the extent necessary to avoid the imposition of a withholding tax. However, certain payments to the Group may be subject to US withholding tax under the legislation if the Group cannot enter into such agreements or satisfy the requirements h...
101
annual_report
3724
2,125
the key actuarial assumptions for the loss trend (aside from changes to inflation assumptions), exposure trend, and loss development patterns used to establish the 2008 accident year reserves relative to prior accident years.
33
10K
PosteItalianeSpA-AR_2020
440
In order to best exploit the potential of the territory, a new organisational model of the post office network that maximises operating efficiency and further strengthens the monitoring of commercial, operational and management indicators. This new model is based on a “Hub & Spoke7” logic , which guarantees, especially...
73
annual_report
AssicurazioniGeneraliSpA-AR_2019
268
16 Generali Group Annual Integrated Report and Consolidated Financial Statements 2019
11
annual_report
5477
1,065
Securities lending - The Company had no securities on loan under the program, and therefore no cash or securities held as collateral, at December 31, 2017, and 2016.
28
10K
ASRNederlandNV-AR_2014
371
A robust solvency position takes priority over profit, premium income and direct investment income. The FRC assesses the solvency position and the financial risk profile on a monthly basis. Action is taken where appropriate to ensure that the financial risk profile stays within the parameters that have been defined in ...
72
annual_report
PowszechnyZakladUbezpieczenSA-AR_2018
785
Execution: • the generalist sales strategy also entails enhancing the elasticity of the corporate sales network; changes were made to its structure and motivation, training and development systems. Sales processes were simplified and salespersons have obtained extended powers to submit offers.
41
annual_report
4163
1,931
In August 2005, we completed the private offering of $330 million of 3.5% Debentures. During 2008, we repurchased $37.0 million par value of such 3.5% Debentures for $15.3 million plus accrued interest. On November 13, 2009, we completed a cash tender offer (the “Tender Offer”) for $176.5 million aggregate principal am...
96
10K
HannoverRueckSE-AR_2009
3,235
Coinsurance Funds Withheld- (CFW) Treaty: type of coinsurance contract where the ceding company retains a portion of the original premium at least equal to the ceded reserves. Similar to a Modco contract the interest payment to the reinsurer reflects the investment return on an underlying asset portfolio.
47
annual_report
TrygAS-AR_2012
1,643
Owner-occupied property Owner-occupied property is property that is used in the Group’s operations. Owner-occupied properties are measured in the statement of financial position at their revalued amounts, being the fair value at the date of revaluation, less any subsequent accumulated depreciation
41
annual_report
5506
825
The increase in unrealized market valuations in the current year is driven primarily by credit spreads tightening.
17
10K
ScorSE-AR_2015
944
Directors and Officers Operations made in 2015 for a greater amount than EUR
13
annual_report
5484
354
Accrued expenses and other liabilities primarily represent premiums payable by APSL to C&F under the Agency Agreement and expenses accrued relating largely to professional fees. The balance increased from $4,035,617 at December 31, 2016 to $4,610,781 at December 31, 2017, an increase of $575,164 or 14.3%. The increase ...
85
10K
4637
3,404
We distribute indexed annuity contracts that permit the holder to elect an interest rate return or an equity market component, where interest credited to the contracts is linked to the performance of the S&P 500. Contract holders may elect to rebalance index options at renewal dates, either annually or biannually. As o...
112
10K
1679
551
Management fee income from all sources for the year ended December 31, 2000 increased 52.8% to $5.5 million from $3.6 million for 1999, reflecting higher premiums ceded to managed business participants and fees from PXRE Lloyd's Syndicate and PXRE Managing Agency.
41
10K
5462
1,327
Holding company. First American Financial Corporation is a holding company that conducts all of its operations through its subsidiaries. The holding company’s current cash requirements include payments of principal and interest on its debt, taxes, payments in connection with employee benefit plans, dividends on its com...
277
10K
PosteItalianeSpA-AR_2015
1,273
Net operating expenses are down 5% from €4,712 million in 2014 to €4,480 million in 2015 . As noted above, this reflects a decrease in other administrative expenses, which are down from €4,602 million in 2014 to €4,348 million in 2015. These expenses include €4,251 million (€4,500 million in the previous year) in trans...
219
annual_report