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1881
821
The Company has not yet determined if this SPE meets the criteria to be considered a variable interest entity ("VIE") pursuant to the pending accounting guidance of Financial Accounting Standards Board ("FASB") Interpretation ("FIN") No. 46, "Consolidation of Variable Interest Entities." A final assessment will be made...
58
10K
ScorSE-AR_2019
3,223
In 2019, the main variation in property debts is due to the partial reimbursement of the loan subscribed by the SAS DB Caravelle following the sale of one building and the reimbursement of the loan subscribed by the SCI Montrouge following the sale of the building for a total amount of EUR 29 million. This decrease is ...
78
annual_report
4252
1,451
During 2010, 2009, and 2008, the Registrant made capital contributions to certain subsidiaries totaling $10.5 million, $54.7 million, and $48.6 million, respectively, primarily to comply with minimum net worth requirements and to fund contract acquisitions. Such amounts have been recorded as an increase in investment i...
49
10K
SwissReAG-AR_1925
15
Our Hail business is small and, for the first time since we started to write this business, that is to say since 1915, the account has closed with a small loss.
31
annual_report
ASRNederlandNV-AR_2016
309
Cash-generating business model a.s.r.’s objective is to post robust, high-quality earnings and achieve strong capital generation backed by a solid financial framework. This will enable a.s.r. to deliver on its promises, to provide customers with the financial protection they expect and to secure the payment of attracti...
103
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2005
2,180
The impairment losses are distributed between the different Group segments as follows: In the reinsurance segment, €6m (–) is apportionable to life and health and €20m (–) to property-casualty; in the primary insurance segment, €58m (–) is apportionable to life and health and €3m (–) to property-casualty; €0m (–) is ap...
56
annual_report
2925
839
At the March 2004 meeting, the Emerging Issue Task Force (EITF) reached a consensus with respect to Issue No. 03-1, “The Meaning of Other-Than-Temporary Impairment and Its Application to Certain Investments.” On September 30, 2004, the FASB issued FASB Staff Position (FSP) EITF No. 03-1-1, Effective Date of Paragraphs ...
148
10K
SwissReAG-AR_1997
750
European Reinsurance Corporation d 100 f USD 4.6 122.6 of America 55 East 52nd Street New York, NY 10055
19
annual_report
SwissReAG-AR_1976
1
Swiss Reinsurance Company 50/60 Mythenquai, P.O. Box 172, 8022 Zurich, Switzerland Telephone 01 208 21 21 Telex 59261 reas oh Cables swissre
22
annual_report
5688
14,384
Commitments to invest in limited partnership interests represent agreements to acquire new or additional participation in certain limited partnership
19
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014
1,759
Cash flows arising from losing control €m 2014 Prev. year Total consideration for losing control – 98 Non-cash consideration for losing control – – Cash consideration for losing control – 98 Cash over which control was lost – –132 Total – –34
42
annual_report
NatwestGroupPLC-AR_2020
4,981
For example, if a structured note is automatically prepaid when an equity index exceeds a certain level, the cash outflow will be included in the less than three months period, whatever the level of the index at the year end. The settlement date of debt securities in issue, issued by certain securitisation vehicles con...
129
annual_report
RSAInsuranceGroupPLC-AR_2010
1,628
For awards made in 2010, the ROE performance scale is: Underlying average annual ROE Proportion of this part of the award vesting
22
annual_report
3860
1,568
At December 31, 2008, the Company has outstanding notes payable of $15,616,766 as compared to $19,914,346 a year ago. Approximately $10,500,000 of this debt is related to the acquisition of Acap Corporation and the majority remaining is attributable to borrowings of a subsidiary, Lexington, relating to a real estate in...
103
10K
gb_prudential-AR_2009
2,739
Corporate security and commercial loans: Publicly traded and SEC Rule 144A traded 13,338 13,198
14
annual_report
NatixisSA-AR_2017
3,080
Article L.511-31 of the French Monetary and Financial Code stipulates that central institutions are credit institutions and, as such, they must oversee the cohesion of their network and ensure the proper operation of affiliated institutions and companies. To this end, they take any necessary measures notably to guarant...
67
annual_report
RaiffeisenBankInternationalAG-AR_2011
870
Return on equity before tax 15.8% 11.8% 4.0 PP 13.0% 15.5% (2.5) PP
13
annual_report
4904
1,627
Investment Advisory agreement with Voya Investment Management LLC ("VIM") (formerly ING Investment Management LLC), an affiliate, in which VIM provides asset management, administrative and accounting services for VRIAC's general account. VRIAC incurs a fee, which is paid quarterly, based on the value of the assets unde...
69
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2010
140
Space tourism, solar power stations, rare raw materials: the opportunities that will emerge in space in the coming decades are almost as infinite as space itself. But before that, there are a few very down-toearth challenges that need to be mastered. Thomas Reiter, Europe’s most experienced astronaut, and Ernst Steilen...
60
annual_report
3540
680
The insurance subsidiaries maintain a substantial position in highly liquid, short term and other marketable securities in order to provide available cash in the event of unanticipated large claim payments. Management believes that, for the foreseeable future, the insurance subsidiaries have sufficient cash, short-term...
64
10K
ASRNederlandNV-AR_2009
326
Our new strategy produced a redesign of labels, products and distribution in 2009 to enable us to guarantee our market position. We are one of the big three parties on the Dutch market. We offer a wide range of insurance products and services for both private and commercial clients. And we do this on the basis of a div...
63
annual_report
BeazleyPLC-AR_2019
2,599
Claims ratio Ratio, in percentage terms, of net insurance claims to net earned premiums. The calculation is performed excluding the impact of foreign exchange. In 2019, this ratio was 62% (2018: 59%). This represented total claims of $1,452.5m (2018: $1,227.8m) divided by net earned premiums of $2,347.0m (2018: $2,084....
49
annual_report
3772
438
Under the terms of the Preferred Stock Purchase Agreement, Rineon agreed to appoint Leo de Waal, Thomas Lindsay, Keith Laslop, Michael Hlavsa and Tore Nag as the members of the board of directors of Rineon and Mr. Roney shall resign as a member of the Rineon board of directors.
49
10K
2290
882
Accounts Receivable consist of the following as of December 27, 2002:
11
10K
StandardLifeAberdeenPLC-AR_2017
1,402
During the year, the Nomination and Governance Committee also received updates on how the ‘early careers’ programmes were being amended to reflect the opportunities arising from the merged Group.
29
annual_report
4383
5,022
RMBS and ABS: The primary inputs to the valuation include quoted prices for identical or similar assets in markets that are not active, contractual cash flows, benchmark yields, prepayment speeds, collateral performance and credit spreads. Certain ABS are valued based on non-binding broker quotes whose inputs have been...
53
10K
4265
4,833
We use consumer price index swaps to hedge the liability exposure on certain options in fixed/indexed annuity products. Consumer price index swaps are contracts entered into at no cost and whose payoff is the difference between the consumer price index inflation rate and the fixed rate determined as of inception.
50
10K
3208
2,273
The decrease in the earned premium growth rate for Personal Lines was primarily due to lower earned pricing increases in both auto and homeowners business, a decrease in premium renewal retention and a decline in Omni and Other Affinity earned premium.
41
10K
DirectLineInsuranceGroupPLC-AR_2017
111
Solvency II The Group uses its partial internal model (“PIM”) to calculate its solvency capital requirement (“SCR”). Taking into account the final dividend and special interim dividend proposed to be paid in May 2018, the Group’s 2017 year-end capital surplus amounts to approximately £0.86 billion above its SCR (2016: ...
81
annual_report
1148
224
Square footage utilized by segment as of December 31, 1999 was as follows: health insurance, 896,300; government programs, 64,100; investments, 3,900; and other reportable segments, 39,800. The remaining 109,400 square feet was used for corporate administration.
36
10K
Sampoplc-AR_2006
533
Net interest income –42 –39 –8 Net income from financial transactions –5 0 –
14
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2005
675
Prof. Dr. rer. nat. Drs. h. c. mult. Hubert Markl Former President of the Max Planck Society Emeritus Professor of Biology
21
annual_report
StandardLifeAberdeenPLC-AR_2018
1,662
Details on non-executive Director fees in respect of 2019 can be found on page 98.
15
annual_report
DirectLineInsuranceGroupPLC-AR_2020
3,727
– Level 3 fair value measurements used for investment properties, HTM debt securities, infrastructure debt, commercial real estate loans and equity investments are those derived from a valuation technique that includes inputs for the asset that are unobservable.
38
annual_report
fr_axa-AR_2012
6,048
Claim reserves as of December 31 35,483 7,760 43,243 34,423 8,138 42,561
12
annual_report
3600
920
The intersegment revenues and expenses that are eliminated in the Consolidated Statements of Operations relate to our property/casualty insurance subsidiaries 5.5% share of the management fees paid to us.
29
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2019
2,112
Munich Re Group Annual Report 2019 51 Events after the balance sheet date
13
annual_report
PosteItalianeSpA-AR_2020
2,843
Carried out 5,583 interventions on air conditioning systems to improve the efficiency of the air exchange system and sanitised 67,500 filters per month
23
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012
1,846
The other loans mainly comprise covered bonds, government bonds and borrowers’ note loans of banks.
15
annual_report
nl_ing_grp-AR_2014
2,527
In 2014, the change in Loans to, or guaranteed by, public authorities includes the repayment of EUR 2.7 billion by the Dutch State on the Illiquid Assets Back-Up Facility (‘IABF’) loan. In 2013, EUR 6.1 billion was repaid by the Dutch State on the IABF loan.
46
annual_report
SwissLifeHoldingAG-AR_2005
629
In addition to the purely economic considerations, there are other factors that have to be taken into account (regulatory requirements, funding ratio, solvency, local and international accounting standards, liquidity requirements, requirements by the rating agencies), some of which may lead to results that conflict wit...
139
annual_report
2287
191
The Company's corporate headquarters is located in a two story office building in Lake Mary, Florida, which is owned by the Company. The Company and an affiliated company occupy the second floor of the building. One hundred percent of the remaining rentable space was leased as of December 31, 2003.
50
10K
4535
1,531
The Company generally conducts its international business through foreign operating entities that maintain assets and liabilities in local currencies, which are generally their functional currencies. The Company uses exchange rates as of the balance sheet date to translate assets and liabilities into U.S. dollars. Tran...
81
10K
AvivaPLC-AR_2002
1,480
We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the supplementary information stated on the achieved profits basis is free from material misstatement, whether caused by...
72
annual_report
ch_zurich_insurance_group-AR_2006
921
Effective interest rates The table below shows the ranges for weighted average effective interest rates for selected balance sheet statement captions.
21
annual_report
5139
2,174
The year ended December 31, 2013 includes ($220) million that was reclassified to DAC from other liabilities. The amounts reclassified related to affiliated reinsurance agreements accounted for using the deposit method of accounting and represented the DAC amortization on the expense allowances assumed on the agreement...
70
10K
4755
1,471
PartnerRe Ltd. (PartnerRe or the Company) predominantly provides reinsurance and certain specialty insurance lines on a worldwide basis through its principal wholly-owned subsidiaries, including Partner Reinsurance Company Ltd. (PartnerRe Bermuda), Partner Reinsurance Europe SE (PartnerRe Europe) and Partner Reinsuranc...
100
10K
4656
1,110
In March 2010, the FASB issued ASU 2010-11, "Derivatives and Hedging (ASC Topic 815): Scope Exception Related to Embedded Credit Derivatives" ("ASU 2010-11"), which clarifies that the only type of embedded credit derivatives that are exempt from bifurcation requirements are those that relate to the subordination of one...
52
10K
3072
573
A tabular presentation of the 2005 year $44.3 million favorable development broken down by accident year is shown below derived from our 2005 and 2004, 10 year loss development table, as presented in the “Reserves” section of our Form 10-K, “Narrative Description of Business” section. The development is measured in dol...
67
10K
GjensidigeForsikringASA-AR_2015
2,675
Gjensidige annual report 2015 | 167 8. Financial assets and liabilities Fair value Financial assets and liabilities measured at fair value are carried at the amount each asset/liability can be settled to in an orderly transaction between market participants at the measurements date at the prevailing market conditions.
48
annual_report
2902
1,382
The Company has established the following stock purchase plans (all share and purchase rights granted amounts have been restated to reflect a three-for-one split of the Company’s common stock which was distributed on March 1, 2006):
36
10K
INGGroepNV-AR_2013
5,820
• Dodd-Frank also established the Consumer Financial Protection Bureau (‘CFPB’) as an independent agency within the Federal Reserve to regulate consumer financial products and services offered primarily for personal, family or household purposes. The CFPB will have significant authority to implement and enforce federal...
118
annual_report
Sampoplc-AR_2017
1,671
probability of this risk increases when market interest rates fall and stay at a low level. The duration gap between balance sheet’s technical provisions and fixed income investments is constantly monitored and managed. Control levels based on internal risk capacity model are used to manage and ensure adequate capital ...
53
annual_report
fr_axa-AR_2010
5,156
The strong growth of our insurance and Asset Management businesses in the years preceding the 2008 fi nancial crisis may not be sustainable in future years. Continued volatility in the fi nancial markets and reduced availability of credit coupled with recession and continued negative consumer sentiment in many of our m...
78
annual_report
2309
654
Servicing assets. Following a securitization transaction, we retain the responsibility for servicing the receivables, and, as such, are entitled to receive an ongoing fee based on the outstanding principal balances of the receivables. There are no servicing assets nor liabilities recorded as the benefits of servicing t...
59
10K
2335
754
New deposits are an important component of LNC’s effort to grow the annuity business. In the past several years, this effort has concentrated on both product and distribution breadth. Although overall annuity deposits were down in 2003 compared to 2002, LNC maintained deposit levels in the individual variable annuity b...
80
10K
118
231
Gains and losses on contracts which are designated as hedges of firm commitments are deferred until the settlement dates. Contracts which are not designated as hedges are marked to market at each balance sheet date and are included in other current assets or liabilities, with the resulting gain or loss recorded as a co...
93
10K
ASRNederlandNV-AR_2010
719
Total comprehensive income attributable to holders of equity instruments 606 974 attributable to non-controlling interests 1 5
17
annual_report
4989
1,336
Annuities - The impact on operating earnings from margin compression is concentrated in our deferred annuities where there are minimum interest rate guarantees. Under low U.S. interest rate scenarios, we assume that a larger percentage of customers will maintain their funds with us to take advantage of the attractive m...
113
10K
RSAInsuranceGroupPLC-AR_2020
732
Martin Strobel Senior Independent Non-Executive Director Appointment date: May 2016 Nationality: Swiss Committee membership: B A I N R
19
annual_report
5958
3,344
Foreign currency exchange rate risk is the risk that we will incur economic losses due to adverse changes in foreign currency exchange rates. This risk primarily arises from our foreign equity investments, including common stocks, limited partnership interests, and our Canada, Northern Ireland and India operations. We ...
57
10K
Sampoplc-AR_2019
2,698
quarterly. In addition, the allocation limits, issuer and counterparty limits, the sensitivity limits for interest rates and credit spreads as well as regulatory capital requirements are regularly monitored.
28
annual_report
1232
991
Other operating costs and expenses were $127.2 million in 1999, an increase of $9.4 million, or 8.0%, from $117.8 million in 1998. The increase was primarily due to a $6.7 million increase in interest expense in connection with our collateralized bond obligation. Other operating costs and expenses were 0.22% and 0.24% ...
73
10K
AvivaPLC-AR_2005
96
Capital and financial strength Shareholders’ funds† increased to £14.9 billion (2004: £11.7 billion) as a result of the strong operational performance and the impact of investment markets in 2005.
29
annual_report
NatixisSA-AR_2004
2,056
New shares issued in exchange for transfer of the Bail Banque Populaire shares owned by the Banque Populaire regional banks 606,225 9,699,600 25,256,952.52
23
annual_report
HannoverRueckSE-AR_2005
635
In the area of unit-linked products – primarily annuities – in German-speaking markets we shall continue to finance our clients' new business acquisition costs. Our business is also expected to expand in the United Kingdom.
35
annual_report
3603
512
In October 2005, the American Institute of Certified Public Accountants ("AICPA") issued SOP 05-1. SOP 05-1 provides accounting guidance for DAC associated with internal replacements of insurance and investment contracts other than those already described in Statement of Financial Accounting Standard ("SFAS") No. 97, "...
197
10K
BeazleyPLC-AR_2017
1,368
The committee considers the individual remuneration packages of the chief executive, executive directors and executive committee members. It also has oversight of the salary and bonus awards of individuals outside the executive committee who either directly report to executive committee members or who have basic salari...
106
annual_report
5543
757
We provide private MI through our wholly owned insurance subsidiaries NMIC and Re One. NMIC and Re One are domiciled in Wisconsin and principally regulated by the Wisconsin OCI. NMIC is our primary insurance subsidiary, and is approved as an MI provider by the GSEs and is licensed to write coverage in all 50 states and...
91
10K
AssicurazioniGeneraliSpA-AR_2014
526
The Group strategy is based on the following key strengths: Fundamentals of the strategy dIstRIButIon oPPoRtunItIes suPeRIoR oPeRAtInG model
19
annual_report
ScorSE-AR_2019
2,201
However, depositing these amounts does not a priori discharge the Group of its liability towards the cedent in cases where it is not
23
annual_report
2985
949
The fair value of Jefferson-Pilot’s net assets assumed in the merger was $4.2 billion. Goodwill of $3.3 billion resulted from the excess of purchase price over the fair value of Jefferson-Pilot’s net assets. The amount of goodwill that is expected to be deductible for tax purposes is approximately $24 million. We paid ...
90
10K
4782
1,533
The Company recorded net realized investment gains of $3.9 million in 2013, $18.4 million in 2012, and $3.1 million in 2011. During 2013, investment losses of $1.1 million were due to write-downs of investment securities that were considered other-than-temporarily impaired. In addition, the Company recorded losses of $...
88
10K
gb_prudential-AR_2012
4,610
Total value of assets 6,400 100.0 6,432 100.0 5,351 100.0 4,949 100.0 4,803 100.0 Present value of Scheme
18
annual_report
AssicurazioniGeneraliSpA-AR_2015
4,674
The profitability reduces from 32.8% at YE14 to 23.7% at YE15 mainly on account of the profitability decline observed on protection business (NBM from 59.3% at YE14 to 36.3% at YE15), representing 49.2% of APE, due to fall in accident/disability line of business. The reduced volume and profitability lead the NBV to dec...
55
annual_report
NatixisSA-AR_2017
3,422
Compagnie Européenne de Garanties et Cautions is the Group’s multiple business line security and guarantee platform. It is exposed to underwriting risk, market risk and the risk of the reinsurers defaulting, as well as operational risk.
36
annual_report
2392
3,603
The AIG Excess Retirement Income Plan provides a benefit equal to the reduction in benefits payable under the AIG U.S. retirement plan as a result of federal tax limitations on compensation and benefits payable thereunder. AIG has adopted a Supplemental Executive Retirement Plan (Supplemental Plan) to provide additiona...
141
10K
de_allianz-AR_2009
2,231
Available-for-sale and held-to-maturity investments, investments in associates and joint ventures, real estate held for investment, loans and advances to banks and customers (684) 5,710 (5,276) Other investments, mainly financial assets held for trading and designated at fair value through income (1,088) 3,497 681
43
annual_report
RaiffeisenBankInternationalAG-AR_2008
650
Net income from fi nancial investments held to maturity turned out slightly negative. On the other hand, net income from equity participations developed positively and amounted to € 21 million. It includes net proceeds from sales of plus € 24 million and net valuations of minus € 3 million. The sale of a 15 per cent st...
112
annual_report
Sampoplc-AR_2017
870
BoarBoard of Dird of Directectorsors 31 Dec 201731 Dec 2017 31 Dec 201631 Dec 2016
15
annual_report
HelvetiaHoldingAG-AR_2014
78
We would like to thank you, our valued shareholders, for your confidence in Helvetia.
14
annual_report
NatwestGroupPLC-AR_2018
4,391
The Group’s operations are subject to inherent reputational risk. Reputational risk relates to stakeholder and public perceptions of the Group arising from an actual or perceived failure to meet stakeholder expectations due to any events, behaviour, action or inaction by the Group, its employees or those with whom the ...
216
annual_report
4807
1,526
The pro forma financial information presented below is for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved if the acquisitions of Atrium, Arden and the Pavonia companies had taken place on January 1, 2013 or 2012, respectively.
47
10K
4346
374
CAMICO was a new program for the Company in 2005. To calculate the policy year ultimate losses and allocated loss adjustment expenses for CAMICO the actuary applied paid and incurred loss development, paid and incurred BF, and expected loss and allocated loss adjustment expenses ratio methods to the actual CAMICO exper...
178
10K
4296
1,129
There were no transfers between Level 1 and Level 2 securities for the year ended December 31, 2010.
18
10K
5924
1,527
The extent to which the fair value has been less than amortized cost;
13
10K
BeazleyPLC-AR_2017
806
ii) GHG emissions are calculated and presented in accordance with DEFRA Environmental Reporting Guidelines, using the UK Government’s GHG Conversion Factors for Company Reporting 2016. iii) Reporting is based on operational control. Beazley does not have operational control over the building infrastructure and plant at...
192
annual_report
StorebrandASA-AR_2020
502
We aim to offer the best candidate journey, so that Storebrand is considered an attractive workplace.
16
annual_report
de_allianz-AR_2014
2,210
It is expected that goodwill will result from the business combination which will reflect largely the benefits associated with cost and reinsurance synergies and the ability to revert to an existing infrastructure in a new geographical market.
37
annual_report
RSAInsuranceGroupPLC-AR_2019
1,823
Financial Performance (40% weighting) The measures applicable to the Group CEO and CFO for this component of the bonus plan are shown in the following table: Bonus Financials: Group CEO and CFO 2018 Actual 2019 Target1 2019 Actual1 Weighting (% of maximum) Achievement (% of maximum)
46
annual_report
5058
1,854
The determination of deferability must be made on a contract-level basis. We refer to these costs as DAC.
18
10K
2157
1,065
Consolidated financial statements of the Corporation at December 31, 2003 and 2002 and for each of the three years in the period ended December 31, 2003 and the report of independent auditors thereon and the Corporation’s unaudited quarterly financial data for the two-year period ended December 31, 2003 are listed in I...
56
10K
SwissReAG-AR_2007
2,122
Change of accounting policy for liabilities for life and health policy benefits Change of accounting policy for liabilities for life and health policy benefits
24
annual_report
4922
1,285
The $225 million unsecured revolving line of credit is administered by PNC Bank, N.A., a subsidiary of The PNC Financial Services Group Inc. (NYSE:PNC). The agreement was established in 2012, extended for two years in 2014, and will expire in May 2019. Our subsidiary CFC Investment Company also is a borrower under this...
73
10K
de_allianz-AR_2017
3,075
Allianz Group has the right to sell or repledge. For the years ended 31 December 2017 and 2016, no previously received collateral was sold or repledged by the Allianz Group.
30
annual_report
CNPAssurancesSA-AR_2009
1,373
The publication of encouraging macroeconomic data, offering the first signs of cyclical stabilisation, set the stage for a turnaround in global stock markets that began in midMarch. Investors’ willingness to venture back into risky markets continued to grow throughout the rest of the year. Climbing from its March low p...
69
annual_report
fr_axa-AR_2002
1,485
Life & Savings operating income: Investment margin decreased by €–10 million in 2002 as compared to 2001, or €–8 million on a constant exchange rate basis. In line with other UK companies, “With-profit” bonus rates have been cut to reflect poor stock market performance in recent years. This reduced profit by €–60 milli...
96
annual_report
3727
715
Scheduled Maturities of Bonds: The statutory carrying values and estimated fair values of long-term bond investments at December 31, 2008, by contractual maturity, are shown below (in thousands):
28
10K
AegonNV-AR_2001
1,522
The Netherlands: charged to shareholders’ equity United States: capitalized and amortized over various periods not exceeding 20 years
18
annual_report
AvivaPLC-AR_2004
988
(891) Tax attributable to long-term business (J & 13b) (606) (529) (98) Allocated investment return transferred to the non-technical account (G & 6b) (67) (129)
25
annual_report