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3549
2,505
Included in investment income from real estate and real estate joint ventures is $16 million, $94 million and $162 million related to discontinued operations for the years ended December 31, 2007, 2006 and 2005, respectively. Included in investment gains (losses) from real estate and real estate joint ventures is $13 m...
73
10K
AegonNV-AR_2017
4,242
Weighted average number of common shares B outstanding (in million) 575 575 584
13
annual_report
gb_lloyds_banking_grp-AR_2013
1,061
At 31 December 2013, we had achieved annual run-rate cost savings of £1,457 million from our initiatives to simplify the Group, an increase of £610 million since 31 December 2012. We have now increased our expectations for annual run-rate cost savings from the Simplification programme at the end of 2014 from £1.9 billi...
56
annual_report
INGGroepNV-AR_2020
6,509
recommendation of 15 December 2020, which included a definition of adjusted net profit. At the end of 2020 and including the final 2019 dividend, ING has reserved EUR 3,266 million for distribution. This includes EUR 468 million of cash-only 2020 interim dividend and the remainder, subject to prevailing
48
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2013
1,930
Carrying amounts Amortised cost €m 31.12.2013 Prev. year 31.12.2013 Prev. year Up to one year 8,812 11,526 8,737 12,131 Over one year and up to two years 10,109 8,747 9,862 8,501 Over two years and up to three years 11,224 10,858 10,785 10,259 Over three years and up to four years 10,546 10,599 10,079 9,984 Over four y...
79
annual_report
5077
1,933
We reinsure living benefit guarantees on certain variable annuity and retirement products from our domestic life insurance companies to a captive reinsurance company, Pruco Reinsurance, Ltd. (“Pruco Re”). This enables us to aggregate these risks within Pruco Re and manage them more efficiently through a hedging program...
194
10K
3860
2,191
FUTURE POLICY BENEFITS AND EXPENSES - The liabilities for traditional life insurance and accident and health insurance policy benefits are computed using a net level method. These liabilities include assumptions as to investment yields, mortality, withdrawals, and other assumptions based on the life insurance subsidiar...
187
10K
5705
1,974
Approximately 91% of the fixed maturities held by AFG at December 31, 2019, were rated “investment grade” (credit rating of AAA to BBB) by nationally recognized rating agencies. Investment grade securities generally bear lower yields and lower degrees of risk than those that are unrated and non-investment grade. Manage...
63
10K
260
467
Accrued investment income 156,532 67,371 Accounts receivable and agents' balances 134,126 62,959 Due from reinsurers (Note 14) 1,449,613 31,268 Property and equipment, less accumulated depreciation 1995 $104,701; 1994 $100,184 109,937 100,672 Deferred policy acquisition costs and value of insurance in force, net of amo...
73
10K
de_allianz-AR_2006
890
• Business risks Cost and lapse risks, as well as operational risks including risks associated with external events or arising from insufficient or failing internal processes, procedures and systems.
29
annual_report
4959
2,642
In 2012, the increase in the liability for policy and contract claims and the increase in prior year claim reserves of our long-term care insurance business was mostly driven by growth and aging of the in-force block, an increase in severity and duration of claims associated with observed loss development and higher av...
58
10K
4548
828
Net investment income decreased 3.6% to $30.2 million for the year ended December 31, 2012, compared to $31.3 million for 2011 due to lower yields on increased average invested assets. The continued low interest rate environment during 2012 impacted investment income as cash flow prepayments and portfolio maturities we...
94
10K
AdmiralGroupPLC-AR_2006
875
Gross claims provision as originally estimated 124,478 115,169 142,968 170,216 202,421
11
annual_report
4316
2,086
The following table summarizes the underwriting results and associated ratios for the U.S. insurance segment for the years ended December 31, 2010, 2009 and 2008.
25
10K
CNPAssurancesSA-AR_2009
3,075
Changes in scope of consolidation 0.0 0.0 0.0 * A provision amounting to €214.8 million (€90 million, net of deferred participation and deferred taxation) was set aside to cover the CNP UniCredit Vita plan to assist clients who invested in index-linked contracts based on Lehman Brothers bonds.
47
annual_report
2251
893
After-tax operating income from non-core businesses decreased $5.5 million, or 59.8% from the prior year. We continue with the orderly run-off of business in this segment.
26
10K
NatixisSA-AR_2007
4,111
NATIXIS ISSUES (ALL CURRENCIES ROUNDED UP/DOWN IN € MILLIONS, OTHER THAN EXTENDIBLE NOTES IN $ MILLIONS)
16
annual_report
BeazleyPLC-AR_2018
1,171
Shareholders In light of our shareholders’ feedback this year we have provided more detail of the corporate performance and individual contributions that resulted in the annual bonus outturns. This, as well as a graph that compares financial out-turns, is on page 107.
42
annual_report
911
419
Payment of dividends to ABIG by its insurance subsidiaries is dependent on regulations dictated by statutory authorities in the state in which they are domiciled. The National Association of Insurance Commissioners has introduced standards that would treat dividends in excess of the lesser of 10% of surplus or net inco...
96
10K
fr_axa-AR_2007
70
(c) (i) The calculation of net income per share is based on the weighted average number of outstanding shares for each period presented, and (ii) shareholders’ equity per share is calculated based on the actual number of outstanding shares at each period-end presented. The calculations deduct shares held by AXA and its...
116
annual_report
2778
1,034
continues to place insurance with OLIC. The compensation that Hub earns from the business placed with OLIC and the fees it earns from managing OLIC are substantially the same as if Fairfax continued to own the company.
37
10K
4554
709
The current U.S. interest rate environment is negatively affecting the Company’s earnings. The average investment yield, excluding funds withheld and other spread business, has decreased 30 basis points in 2012 as compared to 2011. In addition, the Company’s insurance liabilities, in particular its annuity products, ar...
155
10K
1761
303
Statutory and GAAP combined ratios for Commercial Lines were as follows:
11
10K
3952
1,228
AFG's insurance subsidiaries lease the majority of their office and storage facilities in numerous cities throughout the United States, including Great American's and GAFRI's home offices in Cincinnati and UTA's home office in Austin. In December 2007, AFG signed a 15-year lease for space in a new office tower currentl...
127
10K
AdmiralGroupPLC-AR_2012
479
Sunday Times 100 Best Companies to Work For 32nd 42nd 46th 60th 20th 20th 21st 57th 37th 16th 9th 6th
20
annual_report
AegonNV-AR_2004
803
compared to 2003. The effective tax rate of 28% is in line with 2003.
14
annual_report
NatixisSA-AR_2016
545
€55.6 million before tax. review of employee benefits (of which €5.1 million related to actuarial rates and €14.1 million related to a reversal of a provision), or a total of €75.0 million in income related to the transfer of the export state guarantee management business in France, a €38.6 million gain related to the(...
54
annual_report
4668
1,864
(6) Freestanding derivative assets and liabilities are presented net for purposes of the rollforward.
14
10K
gb_prudential-AR_2012
3,056
Profi t for the year 621 357 2012 £m 2011* £m
11
annual_report
3331
547
In November 2007, management fees of $1.5 million in the aggregate were paid to Fox Paine & Company pursuant to the Management Agreement. The management fees cover the period from September 5, 2007 through September 4, 2008 and will be recognized ratably over that period. In November 2006, management fees of $1.5 milli...
158
10K
INGGroepNV-AR_2017
3,280
Net result IFRS from continuing operations 17,491 11,588 1,618 75 4,210
11
annual_report
5868
3,844
At December 31, 2020 and December 31, 2019, there are no unrecognized tax benefits and related interest and penalties that, if recognized, would impact the effective tax rate. There is no interest expense related to unrecognized tax benefits included in AFG’s provision for income taxes in 2020 or 2019; AFG’s provision ...
150
10K
HiscoxLtd-AR_2008
453
Executive Director Reward Executive Directors’ reward packages are consistent with the rest of the business. The actual compensation paid to the four Executive Directors in 2008 is outlined in the table below. Details of their contractual notice periods, is contained in the table opposite.
44
annual_report
gb_prudential-AR_2015
5,234
Note For 2015, the credit of £109 million mainly reflects the increase in the assumed separate account return and reinvestment rates for variable annuity business, following the 10 basis points increase in the US treasury rate (2014: decrease of 90 basis points), resulting in higher projected fee income and a decrease ...
55
annual_report
4367
1,729
Includes a second quarter 2011 special charge of $50 million to increase asbestos and environmental reserves.
16
10K
2783
582
Net premiums written and earned during 2005 decreased, compared to 2004, due to a decline in the average insurance in force, which has continued to decline since the beginning of 2003. The Company expects the average insurance in force during 2006 to be lower than in 2005. As a result, the Company anticipates that net ...
66
10K
NatixisSA-AR_2012
60
• Equipment and real estate lease fi nancing (equipment leasing, real estate leasing, operations leasing, leasing with option to buy, IT operational leasing, Sofergie loans and long-term leasing)
28
annual_report
StandardLifeAberdeenPLC-AR_2007
852
PVNBP and APE New business sales are expressed on two bases: present value of new business premiums (PVNBP) and annual premium equivalent (APE). The PVNBP calculation is equal to the total single premium sales received in the period plus the discounted value of regular premiums expected to be received over the term of ...
129
annual_report
AvivaPLC-AR_2012
3,346
38 – Contract liabilities and associated reinsurance The following notes explain how the Group calculates its liabilities to policyholders for insurance and investment products it has sold to them. Notes 39 and 40 cover these liabilities, and note 41 details the financial guarantees and options given for some of these ...
88
annual_report
1618
391
13. REINSURANCE CEDED (CONTINUED) of credit can be drawn on for amounts remaining unpaid beyond contract terms. No uncollateralized amounts recoverable from a single retrocessionnaire, other than amounts due from AIG affiliates, are considered material to the financial position of TRH.
41
10K
2551
834
Additionally, the Act imposes a duty upon public companies to document and test all internal controls and have such controls audited by independent auditors.
24
10K
5251
3,037
The statutory corporate income tax rate is 15% . However, including applicable surcharges and local trade tax, which can vary by location, would increase the combined statutory rate to approximately 33%.
31
10K
HelvetiaHoldingAG-AR_2011
159
three of these strategic areas, as can be seen from the following examples.
13
annual_report
AvivaPLC-AR_2010
801
Corporate Public Utilities 4 280 1,868 767 1 41 2,961 Convertibles and bonds with warrants — 46 11 266 20 19 362 Other corporate bonds 7,128 6,564 13,237 8,339 1,163 1,697 38,128
32
annual_report
PowszechnyZakladUbezpieczenSA-AR_2020
266
1 according to the definition of the International Labor Organization (ILO)
11
annual_report
4159
1,932
(1)Paid losses for AGM represent claim payments since the Acquisition Date.
11
10K
NatwestGroupPLC-AR_2017
3,996
Fair value - the Group’s approach to determining the fair value of financial instruments measured at fair value is set out in the section of Critical accounting policies and key sources of estimation uncertainty entitled Fair value - financial instruments; further details are given in Note 9 on the accounts.
50
annual_report
5838
1,071
F&G and Aspida entered into a funds withheld reinsurance agreement, as of January 1, 2021, wherein F&G agreed to cede a quota share of MYGA sales occurring after the closing date of the sale.
34
10K
2941
1,029
liability occurrence and primary property business which includes business written by the General Casualty, Manufacturers and Contractors and Primary Property divisions.
21
10K
AdmiralGroupPLC-AR_2019
3,973
The Board has determined that it will hold capital as follows: • Sufficient Solvency II Own Funds to meet all of the Group’s Solvency II capital requirements (over a 1 year and ultimate time horizon).
35
annual_report
5234
1,061
Other Long-term Investments: Other long-term investments are comprised primarily of tax credit partnerships and private equity partnerships.
17
10K
HelvetiaHoldingAG-AR_2018
457
The purpose of this document is to inform Helvetia Group's shareholders and the public of Helvetia Group's business activities for the year ended 31 December 2018. This document does not constitute an offer or a solicitation to exchange, buy or subscribe to securities and it does not constitute an offering circular wit...
59
annual_report
INGGroepNV-AR_2008
3,226
Eric F. Boyer de la Giroday, acting CEO Dick H. Harryvan John C.R. Hele, CFO Eli P. Leenaars Tom J. McInerney Hans van der Noordaa Koos (J.V.) Timmermans, CRO Jacques M. de Vaucleroy
33
annual_report
NatixisSA-AR_2015
2,958
Exposures guaranteed by mortgages on immovable property 22 22 Exposures to institutions and corporates with a short-term credit assessment 27 3 8 1,910 1,975
24
annual_report
StorebrandASA-AR_2007
2,178
Mortality and disability Net annual risk premium for a sum assured of NOK 100,000. In the case of disability pension policies, the premium shown is for an annual disability pension of NOK 10,000 paid until 67 years of age.
39
annual_report
NatixisSA-AR_2010
1,271
2 CORPORATE GOVERNANCE Policies and rules for determining compensation and benefi ts
12
annual_report
4802
1,190
The Company invests in various categories of CMOs, including CMOs that are not agency-backed, that are subject to different degrees of risk from changes in interest rates and defaults. The principal risks inherent in holding CMOs are prepayment and extension risks related to significant decreases and increases in inter...
109
10K
NatixisSA-AR_2017
2,385
Structural foreign exchange risk is defined as the risk of transferable equity loss generated by an adverse fluctuation in exchange rates against the Group currency used in the consolidated accounts due to mismatches between the currency of net investments refinanced by purchases of currency and the currency of equity.
49
annual_report
5803
1,924
The updates are effective for the Company’s year-end December 31, 2021 and quarters beginning January 1, 2022. ASU 2016-02 required the adoption on a modified retrospective basis. However, with the issuance of ASU 2018-11, we have the option to recognize the cumulative effect as an adjustment to the opening balance of ...
105
10K
CNPAssurancesSA-AR_2007
201
 Weighted number of shares (excluding own shares): 148,134,914 shares as of 31/12/2007
13
annual_report
BaloiseHoldingLtd-AR_2007
702
On 27th April 2007, the Annual General Meeting passed the resolution to reduce the share capital of CHF 5,530,715 by CHF 130,715 to CHF 5,400,000 through a capital reduction of 1,307,150 repurchased registered shares with a nominal value of CHF 0.10 per share. It now amounts to CHF 5.4 million divided into 54,000,000 d...
63
annual_report
3877
6,237
We consolidate debt and equity securities on our consolidated balance sheet that are pledged as collateral for the settlement of collateralized obligation liabilities related to two collateralized obligation trusts which we sponsor. See Note 13 of our consolidated financial statements in this Form 10-K for additional i...
56
10K
fr_axa-AR_2014
5,332
■ such tests are based on the intention and capacity of entities to hold fi nancial assets according to various sets of scenarios, excluding the value of new business; ■ they include projections of future investments sales according to estimated surrender patterns; and
43
annual_report
5375
1,660
The following summarizes the fair values of the assets acquired and liabilities assumed in the DLD acquisition:
17
10K
fr_axa-AR_2019
8,966
The European Union (Regulation (EU) No. 648/2012 of July 4, 2012, also referred to as the European Market Infrastructure
19
annual_report
PosteItalianeSpA-AR_2019
3,258
In January 2020, the document “Toward Common Metrics and Consistent Reporting of Sustainable Value Creation” was presented at the World Economic Forum in Davos, which defines a set of universal indicators (core set of material ESG metrics) that can be applied by all companies, regardless of the characteristics of the c...
78
annual_report
5282
1,082
Gross written premiums decreased by 16.8% to $1,334.2 million in 2015 compared to $1,603.6 million in 2014, primarily due to declines in Latin American and Asian business, reductions in premiums related to quota share agreements and the negative impact of $86.8 million from the movement of foreign exchange rates. Net w...
148
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006
2,719
(41) Personnel expenses The following personnel expenses are included in the operating expenses, in the expenses for claims and benefits (for claims adjustment ) and in the investment result:
29
annual_report
3772
417
We do not expect to earn any revenue from operations until we have either commenced mining operations on a resource property, or operations on a non-resource property.
27
10K
NatwestGroupPLC-AR_2010
4,558
Financial summary continued Loan impairment provisions For a discussion of the factors considered in determining the amount of provisions, see ‘Risk elements in lending, provisions and reserves’ on page 181 and ‘Critical accounting policies’ on page 283. The following table shows the movements in loan impairment provis...
47
annual_report
3648
2,695
The Company classifies perpetual securities that have attributes of both debt and equity as fixed maturity securities if the security has a punitive interest rate step-up feature as it believes in most instances this feature will compel the issuer to redeem the security at the specified call date. Perpetual securities ...
239
10K
gb_prudential-AR_2014
4,471
Long-term business 4,175 4,250 Asset management 470 449 Other results (549) (495)
12
annual_report
AvivaPLC-AR_2018
2,267
United Kingdom1 1,728 447 — — 2,175 Canada — 46 — — 46 France 425 104 — (29) 500 Poland 156 21 — 6 183 Italy, Ireland, Spain and Other 292 98 — (14) 376 Asia 235 (8) (4) (32) 191 Aviva Investors 1 — 168 32 201 Other Group activities 15 (4) — (106) (95)
56
annual_report
468
430
Investments in entities in which the Company owns between 20 to 50% of the voting interest and has the ability to exercise significant influence and which are made for long term operating purposes, are accounted for on the equity method of accounting. The Company acquired an approximate 38% interest in Global Equity Co...
93
10K
4911
1,460
(a) Excludes certain university and not-for-profit entities that issue their bonds in the corporate debt market. Includes industrial revenue bonds.
20
10K
1
981
1993 1992 1991 Federal Systems $ 99.2 $ 414.0 $ - Diversified Products and Services 52.9 255.4 - Petroleum Products - 159.7 424.0 Broadcasting and Entertainment: Broadcasting - - 78.0 Entertainment - 118.8 139.4 Kings Island Theme Park - 83.0 79.2 Food Products: Fresh Foods - - 1,347.5 Prepared Foods - - 1,089.2 $152.1...
56
10K
5460
1,118
Represents the contribution to income (loss) of divested businesses that have been or will be sold or exited, including businesses that have been placed in wind down, but that did not qualify for “discontinued operations” accounting treatment under U.S. GAAP. See “-Divested Businesses.”
43
10K
1804
336
The Company's principal cash outflows primarily relate to the payment of claims liabilities, operating expenses, income taxes, principal and interest under debt obligations. The Company seeks to limit its exposure to loss on any single insured and to recover a portion of benefits paid by ceding reinsurance to other ins...
175
10K
SwissReAG-AR_1934
22
In view of prevailing economic conditions we continue to maintain a large volume of liquid funds, which, combined with the further depreciation of foreign currencies, had the effect of reducing our interest earnings. We are continuing in our endeavours to limit the exchange risk by the balancing, as far as possible, of...
60
annual_report
3558
830
For the life insurance operations, cash outflow requirements for operations are typically met from normal premium and deposit cash inflows. This has been the case for all reported periods as the Life Companies’ continuing operations and financing activities relating to interest sensitive and index products provided fun...
135
10K
AvivaPLC-AR_2017
306
version of this programme will be rolled out to people leaders from 2018
13
annual_report
5124
1,382
As of December 31, 2015, the holding company’s sources of liquidity included $289.8 million of cash and cash equivalents and $700.0 million available on the Company’s revolving credit facility. Management believes that liquidity at the holding company is sufficient to satisfy anticipated cash requirements and obligatio...
53
10K
5409
1,910
Credit Contracts. We use either the ISDA Credit Default Swap Standard discounted cash flow model that utilizes observable default probabilities and recovery rates as inputs or broker prices to determine the fair value of credit default swaps. These are reflected in Level 3. In addition, we had a limited number of total...
73
10K
1050
604
The Company's principal assets consist of the capital stock of its operating subsidiaries and invested assets. Accordingly, the Company's sources of funds are comprised of dividends from its operating subsidiaries, advances and management fees from non-insurance company subsidiaries, and tax payments under a tax sharin...
89
10K
2762
941
The increase in prior year loss and loss adjustment expense payments in 2005 and 2004 is related to the recent growth in the Company’s business.
25
10K
ScorSE-AR_2019
1,810
On April 26, 2019, the Shareholders’ Meeting of the Company, in its 25th resolution, delegated its authority to the Company’s Board of Directors in order to increase the share capital by issuing shares reserved for employees of the Company and of French and foreign companies affiliated with it pursuant to Article L. 22...
82
annual_report
3021
1,319
and health policies in force at December 31, 2006 totaled $214 million. In response to the tax law change, AIG has introduced new products, both life and health, to meet the needs of clients in that market. AIG continues to believe that the effect of future policy terminations will not be material to AIG’s consolidated...
61
10K
4334
2,130
As of December 31, 2011, the Company has a 2008 capital loss carryforward of $155 million which will expire in 2013. The Company also has a cumulative NOL carryforward of $943 million, which will expire from tax years 2029 through 2031, and a minimum tax credit carryforward of $22 million, which has an unlimited carryf...
56
10K
4901
1,225
Equity contracts: Comprised of free-standing exchange listed derivatives that are actively traded and valued based on quoted prices for identical instruments in active markets.
24
10K
3891
630
Reinsurance-In the normal course of business, the Company cedes portions of its written premium revenue. As such, the Company limits its loss exposure to that portion of the insurable risk that it retains. However, if a reinsurer fails to honor its obligations, the Company could suffer additional losses as the reinsura...
141
10K
LloydsBankingGroupPLC-AR_2004
618
The audit committee met five times in 2004, during which it received reports from, and held discussions with, management and the auditors. In discharging its duties, the committee has reviewed the auditors’ remuneration and, in discussion with them, has assessed their independence and objectivity (more information abou...
139
annual_report
5387
1,328
The table below provides a breakdown of our cash and investments:
11
10K
5033
1,004
The following table presents the composition of the total investment portfolio of the Company at December 31, 2015:
18
10K
BeazleyPLC-AR_2019
586
2019 in review In 2018, I focused on the impact of external and internal change on the group and this change has continued into 2019.
25
annual_report
5222
606
Our ratio of current assets to current liabilities (the “current ratio”) was 1.22 and 1.16 at December 31, 2016 and 2015, respectively.
22
10K
5056
2,732
The following is a reconciliation of income taxes at the statutory rate of 35% to the provision for income taxes as shown in the Statement of Earnings (dollars in millions):
30
10K
INGGroepNV-AR_2015
7,628
As part of the liquidity buffer management, ING Group also monitors the existing asset encumbrance. Encumbered assets represent the on-balance sheet assets that are pledged or used as collateral for ING Group’s liabilities. The presented templates of ING Group’s encumbered and unencumbered assets are based on the CRR (...
90
annual_report
HannoverRueckSE-AR_2008
1,175
In the 2006 financial year Hannover Re reached agreement on the sale of its American subgroup Praetorian Financial Group, Inc., New York (PFG), to an Australian insurance group. Effective 31 May 2007 beneficial ownership of the assets and liabilities belonging to the subgroup classified in the previous periods as disco...
102
annual_report
RaiffeisenBankInternationalAG-AR_2019
604
For the entire RBI Group, the Nomination Committee has set a target of filling 35 per cent of the positions on the Supervisory Board, Management Board and in Tier 2 management with women by no later than 2024. The following figures include RBI AG and 13 network banks in CEE as well as Raiffeisen Bausparkasse Gesellscha...
149
annual_report
fr_axa-AR_2019
6,613
Indeed, a sustained improvement has been observed over the previous years and current year on the market indicators especially on bid/ask spreads of these sovereign bonds reflecting an increased market liquidity of these securities.
34
annual_report