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RaiffeisenBankInternationalAG-AR_2015
3,334
IFRS 9 also includes an irrevocable option to recognize subsequent changes in the fair value of an equity instrument (not held for trading purposes) in other comprehensive income and to recognize only dividend income in the profit and loss statement.
40
annual_report
5389
6,311
For CLOs and MBS, included in the trading and AFS fixed maturity securities portfolios, we recognize income using a constant effective yield based on anticipated prepayments and the estimated economic life of the securities. When actual prepayments differ significantly from originally anticipated prepayments, the retro...
102
10K
3671
1,659
As of December 31, 2008 and 2007, U.K. insurance subsidiaries and branch operations had tax loss carryforwards, which do not expire, and deductions available for tax purposes of approximately $260.2 million and $432.6 million, respectively. Certain of the Company’s U.K. insurance and reinsurance subsidiaries have tax l...
143
10K
5226
524
U.S. Services expenses other than reimbursements, direct compensation, fringe benefits, and non-employee labor decreased from $63.4 million in 2014 to $60.0 million in 2015, and as a percent of segment revenues, decreased from 29.4% in 2014 to 24.7% in 2015. Theses decreases were primarily due to the impact of a reduct...
62
10K
3185
1,162
The income tax provision related to pretax earnings for 2006, 2005 and 2004 represents an effective tax rate of 13.6%, 12.0% and 18.2%, respectively. White Mountains’ effective tax rates for 2006, 2005 and 2004 were lower than the U.S. statutory rate of 35% due primarily to income generated in jurisdictions other than ...
123
10K
StandardLifeAberdeenPLC-AR_2014
1,873
(q)(i) Hedge accounting A hedge relationship will qualify for hedge accounting by the Group if, and only if, the following conditions are met: • Formal hedging documentation at inception of the hedge is completed, detailing the hedging instrument, hedged item, risk management objective, strategy, effectiveness testing ...
114
annual_report
1479
217
Policyholder dividends of $8,108,000 were declared by the Board of Directors of Midwest Medical in 2000 and will be paid to physician, clinic and hospital policyholders in 2001. Policyholder dividends of $10,175,000 were declared by the Board of Directors of Midwest Medical in 1999 and were paid to physician, clinic an...
145
10K
5958
4,244
The Company has certain operating leases for office facilities, computer and office equipment, and vehicles. The Company’s leases have remaining lease terms of 1 year to 9 years, some of which include options to extend the leases for up to 20 years, and some of which include options to terminate the leases within 60 da...
55
10K
nl_ing_grp-AR_2015
5,815
A significant part (45.8% in 2015 versus 49.3% in 2014) of the ING Bank’s Residential Mortgage portfolio relates to mortgage loans provided in the Netherlands, followed by other main markets such as Germany (23.3%), and Belgium (11.5%). Given the size of the Dutch mortgages portfolio, below the valuation methodology em...
62
annual_report
2793
542
The following tables summarize derivative financial instruments at December 31, 2005 and 2004:
13
10K
5839
1,062
(1) Gross gains realized presented above include a $135.3 million realized investment gain associated with a transfer of investments to a reinsurer as consideration paid during the second quarter of 2019 in connection with the reinsurance of a $2.9 billion block of in force fixed and variable annuity business. See Note...
57
10K
Sampoplc-AR_2017
1,170
If P&C’s Reinsurance Policy stipulates guidelines for the purchase of reinsurance. The need and optimal choice of reinsurance is evaluated by looking at the expected cost versus the benefit of the reinsurance, the impact on result volatility and impact on capital requirements. The main tool for this evaluation is If P&...
55
annual_report
PowszechnyZakladUbezpieczenSA-AR_2019
2,698
Cost/Income ratio (C/I; banking sector) – quotient of administrative expenses and the sum of operating income, excluding: the BFG charge, the levy on other financial institutions and the net result on realization and impairment losses on investments solvency ratio – statutory multiple (under Solvency II) specifying the...
67
annual_report
NatwestGroupPLC-AR_2010
4,698
Certain Scheme Conditions are subject to modification at any time with retrospective effect at the discretion of HM Treasury without the company's consent. The modification rights arise broadly and subject to certain conditions where the operation, interpretation or application of such Scheme Conditions conflicts with ...
57
annual_report
4421
964
Internal-Use Software and Website Development Costs-We capitalize costs of materials, consultants and compensation and benefits costs of employees who devote time to the development of internal-use software; however, we usually expense as incurred website development costs for new features and functionalities because i...
202
10K
gb_prudential-AR_2013
169
In 2013 our Asia business delivered a 14 per cent increase in APE sales on a constant exchange rate basis (12 per cent on actual exchange rate) to £2,125 million. In times of currency volatility, comparison of results using constant exchange rates provides a better measure of underlying performance. In this paragraph, ...
355
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2017
160
MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH, Munich2 1 As at 31 December 2017; seats held on supervisory boards of German companies and memberships of comparable bodies of German and foreign business enterprises. 2 Own Group company within the meaning of Section 18 of the German Stock Corporation Act (AktG). 3 Inclu...
58
annual_report
StorebrandASA-AR_2007
102
Vision: Storebrand´s objective is to be the leading and most respected institution in the Nordic market for long-term savings and insurance
21
annual_report
1288
243
The response to this Item is incorporated by reference to page 29 of the Company's Annual Report to Stockholders for the year ended December 31, 1999, which is included as Exhibit (13) to this Form 10-K Report.
37
10K
4864
1,342
Commercial Mortgage-Backed Securities-Our CMBS portfolio consists of commercial mortgage-backed securities issued in securitization transactions. As of December 31, 2014, the CMBS holdings were approximately $1.3 billion. As of December 31, 2013, the CMBS holdings were approximately $1.1 billion.
38
10K
GjensidigeForsikringASA-AR_2012
718
Financial risk Gjensidige had NOK 56.3 billion in financial investments in the insurance operations as of 31 December 2012. The counter entry in the balance sheet are the actuarial liabilities and equity. The investments mainly consisted of interest-bearing investments, property, shares and holdings in associated compa...
59
annual_report
2843
892
At December 31, 2005, the Company had reinsurance recoverable of $2,110,115, due from approximately 300 reinsurers. At such date, the five largest gross reinsurance recoverable balances aggregated $1,170,942, or 55.5% of the total reinsurance recoverable balance. Application of collateral reduces the unsecured exposure...
255
10K
gb_prudential-AR_2008
412
Secondly, the impact on the risk position is considered as part of Group Risk’s scrutiny of large transactions or departures from plan proposed by individual business units.
27
annual_report
1346
390
A summary of capitalized software costs is as follows (in thousands):
11
10K
NatixisSA-AR_2016
9,393
reporting scope: Compared to 2015, the following changes took place in the 2016 consolidation scope because they are below the 50% In France, Coface S.A. and Fimipar remain excluded from the managed by the Company in social or environmental matters. shareholding threshold and are no longer included in the scope investm...
88
annual_report
HiscoxLtd-AR_2019
1,087
Table of historic data The table below shows the single total remuneration figure for the Chief Executive for the past ten years.
22
annual_report
4523
3,429
(a) Represents the amount of other-than-temporary impairment losses recognized in Accumulated other comprehensive income. Amount includes unrealized gains and losses on impaired securities relating to changes in the value of such securities subsequent to the impairment measurement date.
38
10K
gb_prudential-AR_2016
6,800
Authority to purchase own shares The Directors also require authority from shareholders in relation to the purchase of the Company’s own shares. Prudential seeks authority by special resolution on an annual basis for the buyback of its own shares in accordance with the relevant provisions of the Companies Act 2006 and ...
104
annual_report
2510
1,487
[4] Net prior year incurred losses includes reserve strengthening for construction defects claims of $190, a reduction in net reinsurance recoverable asset of $181, environmental reserve strengthening of $75, an increase in reserves of $170 for HartRe assumed reinsurance, partially offset by the net reserve release of ...
52
10K
553
779
Insurance Ceded and Assumed LNC's insurance companies cede insurance to other companies. The portion of risks exceeding each company's retention limit is reinsured with other insurers. LNC seeks reinsurance coverage within the business segments that sell life insurance to limit its liabilities. Industry regulations pre...
204
10K
4794
1,868
Nonqualified stock options granted under the Directors Stock Plan have an exercise price equal to the fair market value of our common stock on the date of the grant and a contractual term equal to the earlier of five years from the date the participant ceases to provide service or the tenth anniversary of the date the ...
112
10K
PowszechnyZakladUbezpieczenSA-AR_2020
2,746
Member of the PZU Management Board since 22 March 2016 / Member of the PZU Życie Management Board since 25 May 2016 risk
23
annual_report
3559
602
Healthcare Service Expense - The Company compensates its providers based on agreed-upon fees for various services. With respect to the Dental HMO product, the Company retains 10% of these fees (including payments on self-insured claims) in accordance with the Company’s provider agreement. Under the terms of the Company...
118
10K
5410
503
HCB commissions and fees, and total segment revenues, for the year ended December 31, 2017 were $3.2 billion, compared to $3.1 billion for the year ended December 31, 2016. Retirement revenues increased in Western Europe, International and Great Britain and were partially offset by a decline in North America. The decli...
143
10K
5897
603
Activity in the reserves for losses and loss expenses for the years ended December 31, 2020, 2019 and 2018 is summarized as follows. All amounts are shown net of reinsurance, unless otherwise indicated.
33
10K
ScorSE-AR_2018
1,178
Pursuant to the provisions of the Internal Regulations of SCOR’s Board of Directors, Bruno Pfister mentioned to the Chairman of the Board and to the Lead Independent Director, in August 2018, the situation resulting from his mandates as Chairman of the Board of Directors of Rothschild & Co Bank AG and Chairman of the B...
190
annual_report
2317
1,160
The commitment for non-cancelable operating leases in future years has not been reduced by future minimum sublease rental payments aggregating approximately $35,890,000. A portion of these payments relates to subleases to affiliates of the Company. The Company also has the option to lease an additional 5,000 square fee...
56
10K
NatwestGroupPLC-AR_2007
1,168
Total expenses increased by 13% to £680 million, as we continued our investment programme to support the future growth of the business. We continued to expand our branch and business centre footprint and recruited additional customer-facing staff, particularly in Corporate Markets.
41
annual_report
SwissReAG-AR_2007
1,064
Long-term Incentive (LTI) The Long-term Incentive plan is a discretionary grant for a select group of key executives at Managing Director, Executive Board and Executive Committee level, over and above their annual cash remuneration. The intention is to achieve competitive total compensation for top executive talents by...
54
annual_report
5007
1,945
provisions for unallocated loss adjustment expense liabilities of $49.5 million, relating to 2014 run-off activity, partially offset by amortization of fair value adjustments over the estimated payout period relating to companies acquired amounting to $4.0 million.
36
10K
AdmiralGroupPLC-AR_2019
858
Customer Care Week Celebrations We celebrated National Customer Service Week in October, highlighting ways in which different departments all contribute to the service that we provide.
26
annual_report
PhoenixGroupHoldingsPLC-AR_2016
4,286
Changes to the Company’s borrowings since 31 December 2016 are detailed in note I9 to the consolidated financial statements.
19
annual_report
3511
2,178
As claims are reported, for certain liability claims of sufficient size and complexity, the field adjusting staff establishes case reserve estimates of ultimate cost, based on their assessment of facts and circumstances related to each individual claim. For other claims which occur in large volumes and settle in a rela...
117
10K
2129
3,139
Our after-tax net realized investment losses increased by $62.6 million for the year ended 2002 compared to the year ended 2001. The increased losses resulted primarily from:
27
10K
de_allianz-AR_2013
1,572
In addition, Group Risk independently supports the adequacy of the operating entity risk management through the development of a common risk management framework and by monitoring adherence to Group minimum requirements for methods and processes.
35
annual_report
AegonNV-AR_2018
2,482
partnership (EUR 127 million), a EUR 140 million charge for a class action litigation settlement with universal life policyholders, a EUR 93 million book loss on the divestment of the last remaining substantial block of life reinsurance business, EUR 33 million impact from assumption updates, and a EUR 27 million addit...
87
annual_report
CNPAssurancesSA-AR_2009
3,728
Within the context of the ongoing financial crisis, on 15 December 2008, the Conseil national de la comptabilité (French national accounting board – CNC) and the French insurance supervisor, Autorité de Contrôle des Assurances et des Mutuelles (ACAM), issued a recommendation concerning the financial statements for the ...
52
annual_report
SwissLifeHoldingAG-AR_2020
1,003
Moreover, Swiss Life is one of Europe’s leading real estate investors and has the biggest private real estate portfolio in Switzerland. In this context, Swiss Life mainly uses external services for architecture and expert planning services plus general construction services.
40
annual_report
Sampoplc-AR_2006
3,584
If ’s vision is to be the leading casualty and property insurance company in the Nordic region with the most satisfied customers, leading-edge insurance expertise and superior profitability.
28
annual_report
3843
1,352
SFAS No. 157 establishes a three-level valuation hierarchy for the disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The level in the hierarchy within which a given fair value measurement falls is...
78
10K
4163
1,077
Annuities in this segment include fixed index and other fixed annuities sold to the senior market. Annuity collections in this segment decreased 5.2 percent, to $1,005.5 million, in 2010 and 13 percent, to $1,060.4 million, in 2009. The change in mix of premium collections between our fixed index products and our fixed...
116
10K
5608
790
expenditures. The Company has progressively released into production components of system development over the past couple of years initiating amortization of these capitalized costs. Software costs, including amortization expense, for 2018, 2017, and 2016 were $11.3 million, $9.0 million, and $8.6 million, respectivel...
191
10K
212
414
Cash equivalents include short term, highly liquid investments that are readily convertible to known amounts of cash.
17
10K
4779
1,687
Investment income (loss) includes amounts for FVO and trading securities of $65 million, $88 million and $31 million for the years ended December 31, 2013, 2012 and 2011, respectively.
29
10K
BeazleyPLC-AR_2020
1,168
The committee has agreed the establishment of goals for gender diversity for both the board and the broader organisation. The representation of females on the board currently stands at four or 36%. The committee reviewed progress against the group’s 2020 goals for there being a minimum of 35% female senior managers wit...
147
annual_report
1374
776
Loss before extraordinary item and income taxes (14.8) (17.6) (15.4) (Benefit) provision for income taxes (2.0) 3.8 -- ----- ----- ----- Net loss before extraordinary item (12.8) (21.4) (15.4)
29
10K
4914
453
This increase in cash and short term investments from December 31, 2013 to December 31, 2014 is primarily due to the net cash provided by operating activities of approximately $2,556,000, offset by cash used in investing activities of approximately $845,000 and cash used in financing activities of approximately $627,00...
69
10K
AdmiralGroupPLC-AR_2004
446
Pratt Thompson – – – – – ordinary A shares B shares C shares Total shares of of 10p of 10p of 10p 0.1p
24
annual_report
HannoverRueckSE-AR_2015
3
Earnings per share (basic and diluted) in EUR 9.54 +16.7% 8.17 7.43 7.04 5.02
14
annual_report
4891
537
In January, 2015 the Company reached an agreement to acquire a majority interest in Miller Insurance Services LLP, a leading London-based wholesale specialist. The transaction is subject to customary closing conditions and regulatory approval and is expected to close in the second quarter of 2015.
45
10K
HannoverRueckSE-AR_2018
3,177
Net gains and losses on investments N 77 in EUR thousand
11
annual_report
TrygAS-AR_2013
718
See the Audit Committee’s tasks in 2013 at tryg.com > Governance > Management > Supervisory Board > Board committees.
19
annual_report
NatwestGroupPLC-AR_2019
333
We continued to drive a reduction in unnecessary paper, improving our digital application journeys, launching the UK’s first paperless mortgage and increasing usage of digital statements and correspondence. We have also reduced energy consumption in our branches by 22% in 2019 and all of the electricity we purchased wa...
52
annual_report
1353
567
as it relates to investments denominated in foreign currencies. PICO's bank debt is short-term in nature as PICO generally secures rates for periods of approximately one to three years and therefore approximates fair value. At December 31, 1999, PICO had $47.3 million of fixed maturity securities and mortgage loans, $4...
96
10K
910
1,413
COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E (a) RESERVES FOR DEFERRED UNPAID CLAIMS (b) AFFILIATION POLICY AND CLAIMS DISCOUNT (c) WITH ACQUISITION ADJUSTMENT DEDUCTED IN COLUMN C UNEARNED REGISTRANT COSTS EXPENSES PREMIUMS
35
10K
BaloiseHoldingLtd-AR_2011
431
Shareholder structure As�of�31�December�2011,�a�total�of�19,866�shareholders�were� registered�in�the�Bâloise�Holding�share�register��Compared�to� the�previous�year,�the�number�of�registered�shareholders�increased� by�1�9�%��BlackRock�Inc�,�New�York,�holds�5�03�%�of�the�outas a value-creating company, Baloise always pla...
26
annual_report
NatwestGroupPLC-AR_2008
808
Assets and liabilities of disposal groups decreased following completion of the sales of the Asset Management business of ABN AMRO to Fortis, Banca Antonveneta to Monte dei Paschi di Sienna and the majority of ABN AMRO’s Private Equity business to third parties.
42
annual_report
3288
1,494
in the value of investments which are attributable to issuer-specific events are evaluated on a case-by-case basis and recognized when the decline in fair value is judged to be other-than-temporary. For fixed-maturity investments with unrealized losses due to market conditions or industry-related events where Aon has t...
79
10K
fr_axa-AR_2005
4,596
AXA Performance Shares (2005) 5.9 – AXA Performance units plans 14.8 5.1 2004 equity grants 0.7 – 2005 equity grants 1.1 –
22
annual_report
TrygAS-AR_2008
701
Transferred to technical interest -1,031 -1,400 -1,428 Return on investment activities 1,228 340 -988 *) DKK 67m sold on futures contracts has been deducted from the equity portfolio **) Return on properties includes a calculated return on owner-occupied property (excl. cost concerning ’’The Living House’’). The balanc...
82
annual_report
5499
524
Expenses other than reimbursements, direct compensation, fringe benefits, and non-employee labor decreased as a percent of International segment revenues before reimbursements, from 29.5% in 2015 to 27.2% in 2016, and the U.S. dollar amount of these expenses also decreased by $17.4 million. The decrease in both amount ...
59
10K
AegonNV-AR_2019
3,380
Management assessed the effectiveness of Aegon's internal control over financial reporting as of December 31, 2019.
16
annual_report
2466
624
A substantial portion of the purchase price used to fund acquisitions has historically been paid in cash. This is primarily due to our desire to avoid diluting our existing stockholders. We expect acquisitions to continue and be financed primarily from available credit lines and possible additional equity. However, we ...
58
10K
NatwestGroupPLC-AR_2019
3,820
RBS – Annual Report and Accounts 2019 224 5 Pensions continued The defined benefit obligation of the Main section is attributable to the different classes of scheme members in the following proportions: Active members 13.6 12.9 Deferred members 49.7 48.6 Pensioners and dependants 36.7 38.5
45
annual_report
fr_axa-AR_2004
171
APE grew by 7.8% (€+42 million) to €581 million reflecting increased investments and savings APE (+13%) due to strong growth in individual unit-linked premiums (up 39% to represent 28% of individual investments and savings APE) partly offset by Group business which was impacted by strict underwriting and significant la...
57
annual_report
5406
2,356
Included within the other investments component of the Company's Level 3 valuations are private investments (including funds) and hedge funds where the Company is not deemed to have significant influence over the investee. The fair value of these investments is based upon net asset values received from the investment m...
217
10K
5324
1,007
CAT Bond Layer alongside the FHCF. During April 2015 Heritage P&C entered into three catastrophe reinsurance agreements with Citrus Re. The agreements provided for three years of coverage from catastrophic losses caused by named storms, including hurricanes, beginning on June 1, 2015. Heritage P&C paid periodic premium...
200
10K
fr_axa-AR_2011
3,611
The recommendations for individual grants of options are made by the Chief Executive Offi cers of the business units and by the Group functional department heads. These recommendations are reviewed by the Executive M anagement to ensure coherence and fairness. Individual grants of options are then decided by the Board ...
65
annual_report
4729
386
We have audited the accompanying balance sheets of Crown Alliance Capital Ltd. (A Development Stage Company) (the “Company”) as of June 30, 2013 and 2012 and the related statements of operations, stockholders’ equity (deficit) and cash flows for the each of years in the two-year period ended June 30, 2013 and for the p...
89
10K
3873
1,649
reviewed regularly by qualified actuaries employed by the Company. These reserves represent the estimated ultimate cost of all incurred claims and claim adjustment expenses. Since the reserves are based on estimates, the ultimate liability may be more or less than such reserves. The effects of changes in such estimated...
92
10K
fr_axa-AR_2009
5,224
to optimize the quality and cost of reinsurance cover. These analyses are performed in collaboration with the technical and reinsurance departments of Group operational entities.
25
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2016
240
As at 31 December 2016, our Group employed 43,428 (43,554) staff members worldwide, 27.9% (27.6%) of whom worked in reinsurance, 66.2% (66.6%) at ERGO and 5.9% (5.7%) in Munich Health.
30
annual_report
NatixisSA-AR_2015
9,477
Mr. Gentili, Member of the BPCE Supervisory Board, Member of the Natixis Board of Directors.
15
annual_report
726
497
The Company paid $375, $1,400 and $2,300 of Federal income taxes during the years ended December 31, 1995, 1996 and 1997, respectively.
22
10K
fr_axa-AR_2010
712
Although the full scope of the regulatory changes imposed by the Dodd-Frank Wall Street Reform and Consumer Protection
18
annual_report
2251
1,468
Currency rate swap agreements are used to manage the Company's exposure to foreign exchange rate fluctuations. Currency rate swap agreements are contracts to exchange the currencies of two different countries at the same rate of exchange at specified future dates. The net differential to be paid or received on currency...
64
10K
1973
1,273
During the fourth quarter of 2000, AFG sold the equity interests to a group of employees for nominal cash consideration plus warrants to repurchase a significant ownership interest. Due to the absence of significant financial investment by the buyers relative to the amount of loans ($61.5 million at December 31, 2000) ...
164
10K
fr_axa-AR_2019
8,276
(as a percentage of the reference price) 0.68% 0.91% 0.60% 0.89%
11
annual_report
2202
896
MONY Group maintains a syndicated credit facility with banks aggregating $150.0 million. This facility was renewed in July 2003, with the next renewal date scheduled for July 2004, subject to bank approval. The purpose of this facility is to provide additional liquidity for any unanticipated short-term cash needs that ...
214
10K
gb_prudential-AR_2005
3,680
For the purpose of reducing currency risk, Egg uses forward exchange contracts and currency swaps.
15
annual_report
2756
606
Limiting bond exposure to any creditor group is another way the Company manages credit risk. The following table summarizes the Company's ten largest fixed maturity exposures to an individual creditor group as of December 31, 2005.
36
10K
AegonNV-AR_2005
1,293
Net investment hedges are hedges of currency exposures on a net investment in a foreign operation. To the extent that the hedge is effective, the change in the fair value of the derivative is recognized in equity. Any ineffectiveness is recognized in the income statement. The amount in equity is released to the income ...
62
annual_report
5107
997
The Company and its subsidiaries have profit sharing plans in which substantially all employees participate. The plans provide for minimum annual contributions of 5% of eligible compensation; contributions above the minimum are discretionary and vary with each participating subsidiary’s profitability. Employees will be...
123
10K
5107
856
The following table summarizes the estimated fair value of net assets acquired and liabilities assumed for the business combination completed in 2014:
22
10K
2300
1,416
Legal fees are also a part of the insured costs covered by liability policies and can be significant, sometimes greater than the cost of the actual paid claims.
28
10K
1085
262
The Company uses derivative financial instruments, including financial futures, interest rate swaps, options and forward contracts as a means of hedging exposure to interest rate and foreign currency risk on anticipated transactions or existing assets and liabilities. The Company does not hold or issue derivative instr...
190
10K
NatixisSA-AR_2018
2,015
PRINCIPLES AND CRITERIA FOR 2.4.3. DETERMINING, DISTRIBUTING AND AWARDING FIXED, VARIABLE AND NON-RECURRING ITEMS MAKING UP THE TOTAL COMPENSATION AND BENEFITS OF ANY KIND ATTRIBUTABLE TO THE CHAIRMAN OF THE BOARD OF DIRECTORS AND THE CHIEF EXECUTIVE OFFICER
38
annual_report
fr_axa-AR_2009
716
“guaranty funds” (funded with new taxes or fees similar to those described above) to stabilize insolvent fi nancial institutions, protect customers and ensure stability of the overall fi nancial system.
30
annual_report
3427
1,435
Selective’s combined statutory capital and surplus of the Insurance Subsidiaries was $1,034.3 million (unaudited) in 2007, and $1,030.1 million in 2006. Selective’s combined statutory net income of the Insurance Subsidiaries was $167.6 million (unaudited) in 2007, $164.2 million in 2006, and $140.2 million in 2005.
45
10K
4546
678
The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries which are all wholly owned. These financial statements have been prepared in conformity with U.S. generally accepted accounting principles. All intercompany accounts and transactions have been eliminated in conso...
62
10K