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4447
2,569
The Company has several catastrophe reinsurance programs, including reinsurance treaties that cover property and workers’ compensation losses aggregating from single catastrophe events. The following table summarizes the primary catastrophe treaty reinsurance coverage’s that the Company has in place as of February 1, 2...
43
10K
TrygAS-AR_2005
1,437
Change in deferred tax taken to equity -13 -18 non-capitalised tax loss
12
annual_report
5005
392
The Company had net realized investment gains of $1.6 million in 2014 compared to net realized investment gains of $8.7 million in 2013. The net realized investment gains in 2014 resulted from the disposition of several of the Company’s investments in fixed maturities. The net realized investment gains in 2013 were pri...
157
10K
PosteItalianeSpA-AR_2020
9,275
1. Financial assets held for trading - 6 - - 6 2. Financial liabilities held for trading - - - - 3. Financial assets and liabilities: exchange differences x x x x (5)
33
annual_report
DirectLineInsuranceGroupPLC-AR_2012
1,165
• Key control issues reported by Internal Audit were monitored on a quarterly basis until the Group’s risk exposure had been properly mitigated.
23
annual_report
4525
1,180
Future minimum lease payments for operating leases for the succeeding years consists of following:
14
10K
DirectLineInsuranceGroupPLC-AR_2020
2,161
Penny James Chief Executive Officer 401,899 153,397 Tim Harris Chief Financial Officer 71,155 27,158
14
annual_report
5454
1,047
A summary of common share repurchases for the years ended December 31, 2017 and 2016 is as follows:
18
10K
2836
5,110
In 2004, the Run-off Operations paid a $1.0 million fee to shorten the term of our Philadelphia office lease from fifteen years to seven years and reduce the leased space by approximately 75% effective October 1, 2004. This reduced our contractual obligations under the lease by $661,000 annually from 2005 through 2008,...
82
10K
fr_axa-AR_2007
2,544
Claims paying and credit strength ratings have become an increasingly important factor in establishing the competitive position of insurance companies. Rating agencies review their ratings, and their rating methodologies, periodically and our current ratings may not be maintained in the future. A downgrade or the poten...
112
annual_report
SwissReAG-AR_1995
396
Other income/other charges These items refer mainly to charges and income of the service companies active in the fields of loss adjustment and risk management.They also include currency differences and other charges and income not attributable to the technical account or to investments. 1995 also includes additional pr...
61
annual_report
4825
875
We obtained ratings of our fixed maturities from Moody's Investors Service, Inc. ("Moody's"), Standard & Poor's Corporation ("S&P"), and/or Fitch Ratings ("Fitch"). If a fixed maturity is not rated by Moody's, S&P, or Fitch, we use ratings from the National Association of Insurance Commissioners ("NAIC"), or we rate th...
96
10K
5955
779
For the definition of direct contribution and why management believes this measure provides useful information to investors, see “- Key Performance Indicators.”
22
10K
gb_prudential-AR_2005
5,324
(iii) The proportion of surplus allocated to shareholders from the UK with-profits business has been based on the present level of 10 per cent. Future bonus rates have been set at levels which would fully utilise the assets of the with-profits fund over the lifetime of the business in force.
50
annual_report
2846
1,173
· AGRO and ACE INA Overseas Insurance Company entered into a 100% quota share retrocession agreement, effective April 1, 2004, under which AGRO retrocedes to ACE INA Overseas an auto residual value reinsurance transaction. The premium payable under this agreement was approximately $32.2 million.
44
10K
5764
647
We conduct our business through our two operating subsidiaries, Fidelity Life, an Illinois-domiciled life insurance company, and Efinancial, a call center-based insurance agency. Efinancial sells Fidelity Life products through its own call center distribution platform, independent agents and other marketing organizatio...
67
10K
nl_ing_grp-AR_2013
4,169
Step 4. Monitoring and management of underlying risk limits In order to verify that it remains within the risk appetite framework as it is executing its budget, ING reports monthly through regular reporting towards senior management committees as ALCO Bank. The Risk and Capital Management Report reflecting the exposure...
70
annual_report
HelvetiaHoldingAG-AR_2006
1,512
Report of the Group Auditors to the General Meeting of Helvetia Holding AG, St. Gallen
15
annual_report
INGGroepNV-AR_2012
4,101
Next steps were made to prepare the organisation for the upcoming implementation and following observation requirements of Basel III / CRD IV. In 2012, ING Bank established a dedicated Bank Treasury function which is responsible for the first line execution of liquidity management.
43
annual_report
1498
340
Computer Software - Effective January 1, 1999, the Company adopted Statement of Position 98-1 (“SOP 98-1”), “Accounting for the Cost of Computer Software Developed or Obtained for Internal Use” issued by the American Institute of Certified Public Accountants (“AICPA”). SOP 98-1 provides authoritative guidance for the c...
115
10K
gb_lloyds_banking_grp-AR_2015
2,855
2 Designated multilateral development bank (MDB). Includes eligible government guaranteed bonds.
11
annual_report
2274
307
Policy acquisition costs and other insurance expenses as a percentage of net premiums totaled 9.5% in 2003, 8.9% in 2002, and 8.1% in 2001. The increase in this ratio is primarily due to the changing mix of business. In 2003 and 2002, more business was derived from coinsurance agreements than yearly renewable term agre...
74
10K
fr_axa-AR_2015
501
Italy 6 4.9 Associazione Nazionale Imprese Assicuratrici (ANIA). Ranking and Market Share as of December 31, 2014. 2015 information not available.
21
annual_report
fr_axa-AR_2012
8,196
(b) Dividend of €0.72 per share proposed to the Shareholders‘ Meeting of April 30, 2013, based on 2,388,610,984 outstanding ordinary shares.
21
annual_report
NatixisSA-AR_2016
2,607
primarily based on the following fundamental principles: The accounting and regulatory reporting control system is separation of the accounting production and control functions;a reporting and frequency; standardization of control processes within the Group’sa different business lines and entities: methods, software, e...
52
annual_report
PhoenixGroupHoldingsPLC-AR_2017
3,562
In December 2015, the Group was granted the PRA’s approval for use of its Internal Model to assess capital requirements. Following the 2016 acquisitions of the AXA Wealth and Abbey Life businesses, the Group obtained the PRA’s approval to incorporate the acquired AXA Wealth businesses within the scope of the Group’s In...
137
annual_report
4219
1,754
In 2010, HighMount completed the sales of substantially all exploration and production assets located in the Antrim Shale in Michigan and in the Black Warrior Basin in Alabama for $540 million. In accordance with the full cost method of accounting, proceeds from these sales were accounted for as reductions of capitaliz...
72
10K
1660
72
CFC-I also owns an 85,000 square feet office building in downtown Cincinnati that was leased to an unaffiliated company, on a net, net, net lease basis that expired at the end of 2000. The building is currently available for rent or for sale. This property is carried in the financial statements at $535,000 as of Decemb...
65
10K
NatwestGroupPLC-AR_2007
1,364
Deferred taxation liabilities rose by £2.2 billion, 69% to £5.5 billion largely due to the acquisition of ABN AMRO.
19
annual_report
3549
1,371
The increase in Corporate & Other was primarily related to the resolution of an indemnification claim associated with the 2000 acquisition of General American Life Insurance Company (“GALIC”), partially offset by an adjustment of surrender values on corporate-owned life insurance policies.
41
10K
ch_zurich_insurance_group-AR_2013
1,943
Reclassification from revaluation reserves – – – – – – 6 6 – 6 Total comprehensive income for the period, net of tax – – (2,794) (133) (986) 15 3,661 (237) 122 (115)
33
annual_report
4957
1,036
The Company values the embedded derivatives attributable to the provisions of certain variable annuity riders using internal valuation models. These models calculate fair value by discounting expected cash flows from benefits plus margins for profit, risk and expenses less embedded derivative fees. The projected cash f...
135
10K
StandardLifeAberdeenPLC-AR_2017
2,969
Short-term fluctuations in investment return for the year ended 31 December 2017 and 31 December 2016 relate principally to the impact of interest rate changes on UK annuity liabilities and the assets backing those liabilities.
35
annual_report
1934
728
•A contingency reserve (rather than a general reserve) is computed based on the following statutory requirements:
16
10K
AegonNV-AR_2015
5,138
Variable compensation is split 50/50 in a cash payment and an allocation of shares. Of the variable compensation related to performance year 2014, 40% was payable in 2015. Accordingly, Mr. Wynaendts and Mr. Button received a cash payment of EUR 183 and EUR 120 respectively. The number of shares made available in 2015 r...
106
annual_report
PowszechnyZakladUbezpieczenSA-AR_2018
1,811
P/E Share price / net earnings per share 11.8x 12.6x 14.8x 12.5x 14.1x
13
annual_report
2134
3,308
shares, at the grant date, is amortized over the vesting period. The restricted stock shares were granted
17
10K
5695
1,132
Ambac Assurance’s reinsurance assets, including deferred ceded premiums and reinsurance recoverables on losses amounted to $109 at December 31, 2019. Credit exposure existed at December 31, 2019, with respect to reinsurance recoverables to the extent that any reinsurer may not be able to reimburse Ambac Assurance under...
69
10K
NatixisSA-AR_2007
715
Permanent representative of Banque Populaire Bourgogne Franche-Comté, Member of the Supervisory Board of la Banque pour les Paiements onLine
19
annual_report
4808
3,544
Embedded derivatives within Policyholder contract deposits relate to guaranteed minimum withdrawal benefits (GMWB) within variable annuity products and certain enhancements to interest crediting rates based on market indices within equity-indexed annuities and guaranteed investment contracts (GICs). GMWB represents our...
204
10K
BaloiseHoldingLtd-AR_2011
2,463
37. income taxes 37.1 current and deferred income taxes in CHF million
12
annual_report
2529
5,057
Income Taxes -- Current and deferred Federal income tax provisions were recalculated to include the impact of the restatement adjustments as described herein, and to reflect the amount of taxes receivable from the IRS and the amount of deferred Federal income tax liability resulting from the utilization of the asset an...
154
10K
HannoverRueckSE-AR_2012
1,890
Financial assets at fair value through profit or loss due in one year 69,544 69,544 35,186 35,186 due after one through two years 15,626 15,626 66,826 66,826 due after two through three years 17,619 17,619 5,399 5,399 due after three through four years 14,823 14,823 7,510 7,510 due after four through five years 4,936 4...
87
annual_report
1868
1,708
- --------------------- (1) The dilutive effect of the stock options did not meet specified reporting thresholds.
16
10K
LloydsBankingGroupPLC-AR_2009
5,304
The liability of £492 million shown in the above table excludes £10 million of unallocated claims handling expenses.
18
annual_report
2392
2,398
EITF No. 03-1-1, Effective Date of Paragraphs 10-20 of EITF Issue No. 03-1, “The Meaning of Other-Than-Temporary Impairment and Its Application to Certain Investments” delaying the effective date of this guidance until the FASB has resolved certain implementation issues with respect to this guidance. The disclosure req...
110
10K
4370
4,101
Pursuant to the terms of the ALICO stock purchase agreement, AIG has agreed to provide MetLife with certain indemnities, the most significant of which include:
25
10K
3510
1,101
Income Taxes, including the Recently Adopted Financial Accounting Standard (FIN 48)
11
10K
3431
489
Restated for a two-for-one stock split in May 1999, effected as a stock dividend.
14
10K
gb_prudential-AR_2016
6,076
(iii) Unwind of discount and other expected returns The unwind of discount and other expected returns is determined by reference to: — The value of in-force business at the beginning of the year (adjusted for the effect of current year economic and operating assumption changes); and
46
annual_report
4003
781
Revenue and income by segment is as follows for the years ended December 31, 2009, 2008 and 2007.
18
10K
4808
2,466
Net premiums written Represent the sales of an insurer, adjusted for reinsurance premiums assumed and ceded, during a given period. Net premiums earned are the revenue of an insurer for covering risk during a given period. Net premiums written are a measure of performance for a sales period while Net premiums earned ar...
91
10K
NatixisSA-AR_2014
1,439
On April 30, 2009, the Board appointed Laurent Mignon as Chief Executive Offi cer starting May 14, 2009 for a six-year term. Mr. Mignon’s term of offi ce was renewed by Natixis’ Board of Directors on February 18, 2015 for a period of four years, to end after the 2019 General Shareholders’ Meeting called to rule on the ...
69
annual_report
1729
415
Amortization of cost of insurance acquired decreased 1% in 2001 compared to 2000 and decreased 14% in 2000 compared to 1999. Cost of insurance acquired is established when an insurance company is acquired. The Company assigns a portion of its cost to the right to receive future cash flows from insurance contracts exist...
266
10K
4668
558
Additionally, we consider a wide range of factors about the security issuer and use our best judgment in evaluating the cause of the decline in the estimated fair value of the security and in assessing the prospects for near-term recovery. Inherent in our evaluation of the security are assumptions and estimates about t...
82
10K
PowszechnyZakladUbezpieczenSA-AR_2020
1,867
Compliance risk is monitored through: • systemic analysis of the regular reports received from the heads of organizational units and cells; • monitoring of regulatory requirements and adaptation of the business to the changing legal environment of PZU Group entities; • participation in the legislative work on amendment...
117
annual_report
SwissLifeHoldingAG-AR_2017
494
Expenditure for occupational provisions for members of the Corporate Executive Board in the period under review amounted to CHF 1 720 381. This includes the ordinary annual employer contribution of CHF 273 146 for the occupational benefits of Patrick Frost, Group CEO.
42
annual_report
2842
2,349
The following amounts pertained to the various business segments (in 000's):
11
10K
SwissLifeHoldingAG-AR_2013
2,623
liabilities towards third parties 63 50 total short-term liabilities 63 50
11
annual_report
4081
513
Both the U. S. House of Representatives and the U.S. Senate passed separate, but not identical, bills in late 2009 which could effect sweeping changes to the American health care system. The Company currently estimates that more than half of its accident and health insurance earned premiums could be adversely affected ...
208
10K
SwissLifeHoldingAG-AR_2011
1,615
Assets for the account and risk of the Swiss Life Group’s customers 5 19 900 18 942
17
annual_report
SwissReAG-AR_2015
3,097
Liabilities Unpaid claims and claim adjustment expenses 77 829 78 195 70 944 68 412 64 690 64 878 63 670 61 484 57 954 55 518 liabilities for life and health policy benefits 36 779 44 187 37 497 39 944 39 551 39 044 36 117 36 033 33 605 30 131
54
annual_report
de_allianz-AR_2008
926
Nominal growth in the emerging markets1) in total amounted to 12.8 %. Together, these markets contributed � 4,835 million (2007: � 4,286 million) or 11.1 % (2007: 9.7 %) to total gross premiums written.
34
annual_report
RSAInsuranceGroupPLC-AR_2008
1,114
During 2008 the accrued interest income on impaired financial assets was £nil (2007: £nil).
14
annual_report
ASRNederlandNV-AR_2017
748
Impact investing In the investment process, a.s.r. pays special attention to impact investing in order to make a sustainable contribution to society, for instance through waste recycling, renewable energy (solar and wind), social enterprises or contributing to health improvements. In 2017, a.s.r. invested in the first ...
179
annual_report
5391
1,756
Balances as at December 31, 2017 and 2016 were as follows:
11
10K
AvivaPLC-AR_2004
562
Spain and Italy Guaranteed investment returns and guaranteed surrender values The group has also written contracts containing guaranteed investment returns and guaranteed surrender values in both Spain and Italy, where traditional profit sharing products receive an appropriate share of the investment return, assessed o...
196
annual_report
4519
1,257
Debt consisted of the following as of December 31, 2012 and 2011:
12
10K
PowszechnyZakladUbezpieczenSA-AR_2012
382
In 2012 and 2011 PZU Życie did not file a request to change the scope of the permit to carry out insurance activities. Moreover, in 2011 and 2010 permits for insurance activities issued for PZU Życie were not withdrawn with respect to one or more insurance class and no receivership was established.
52
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2010
1,872
Munich Health Asset management Total €m 2010 Prev. year 2010 Prev. year 2010 Prev. year losses on the disposal of investments 33 16 – 1 2,094 2,505 management expenses, interest charges and other expenses 6 4 – 1 710 716
40
annual_report
3878
2,747
The aging of the unrealized losses of RMBS, CMBS, CDOs and ABS with fair values greater than 20 percent and 50 percent less than their cost at December 31, 2008 (in footnote (f) to the table above) is shown in the table below, which provides the period in which those securities in unrealized loss positions would become...
93
10K
NatwestGroupPLC-AR_2013
2,378
Three lines of defence The three lines of defence is an industry-wide model for the management of risk, understood as a clear set of principles by which to implement a cohesive operating model across an organisation. The model’s main purpose is to define accountabilities and responsibilities for managing risk across th...
52
annual_report
BaloiseHoldingLtd-AR_2014
670
5.3 Remuneration system Objectives The objectives of the remuneration system are to further increase the emphasis on performance at Baloise and to strengthen employees ’ and executives’ loyalty and commitment to the organisation � The aim of Baloise’s remuneration policies is to pay basic salaries in line with the goin...
294
annual_report
fr_axa-AR_2000
3,616
Equity in income (loss) of unconsolidated entities 6 2 – – – 2 11
14
annual_report
5852
975
TSR Performance Shares will be recognized as compensation expense over the shorter of the cliff-vesting period or the period up to the date at which the participant becomes retirement eligible, but not less than one year.
36
10K
RSAInsuranceGroupPLC-AR_2007
431
Principal activity The Company is the holding company of the RSA group of companies (the ‘Group’) whose principal activity is the transaction of personal and commercial general insurance business. The Group writes business in over 130 countries.
37
annual_report
194
405
Management of Life Partners Group, Inc. is responsible for the reliability of the financial information in this annual report. The financial statements are prepared in accordance with generally accepted accounting principles and the other financial information in this annual report is consistent with that of the financ...
48
10K
HelvetiaHoldingAG-AR_2018
3,123
Helvetia Group Susanne Tengler P. O. Box, CH-9001 St. Gallen Phone +41 58 280 57 79 www.helvetia.com investor.relations@helvetia.ch
18
annual_report
3904
761
The accompanying cash flows are included in cash flows from operating activities in the Consolidated Statements of Cash Flows along with the activities resulting from management of the proceeds, which for the years ended December 31 are as follows:
39
10K
2194
3,684
The amount of the 2003 employer contributions under plan sponsorship for the Company and its affiliates was $4.4 million. Amounts are allocated to affiliates based on employees' contributions. The Company's portion of the expense was $885,000, $956,000 and $462,000 for the years ended December 31, 2003, 2002 and 2001, ...
50
10K
5812
1,182
If actual results differ significantly from these estimates and assumptions, particularly concerning our estimation of volatility and forfeiture rates, share-based compensation expense, primarily relating to future share-based awards, could be materially impacted.
32
10K
gb_prudential-AR_2007
3,978
ii The credit of £81 million for US operations in 2007 arises from the decrease in risk discount rate, partially offset by the negative effect of a reduction in the assumed future rate of return for separate account variable annuity business. Both changes reflect the 0.7 per cent decrease in the 10-year treasury bond r...
60
annual_report
5733
907
Stabilizer and MCG: Guaranteed credited rates give rise to an embedded derivative in the Stabilizer products and a stand-alone derivative for managed custody guarantee products ("MCG"). These derivatives are measured at estimated fair value and recorded in Future policy benefits and contract owner account balances on t...
81
10K
2900
683
The following table sets forth our liabilities for unpaid losses and LAE for the years ended December 31, 2005, 2004 and 2003 (in millions):
24
10K
4521
1,114
During the year ended December 31, 2012, we strategically sold $382.7 of lower yielding, higher premium agency RMBS securities for gains totaling $21.3 while reducing future reinvestment risk. We continually monitor the underlying collateral in our RMBS to manage our prepayment exposure.
42
10K
5344
1,690
At December 31, 2016, the Company had no concentration of investments in a single investee that exceeded 10% of shareholders’ equity except for fixed maturities invested in Federal Home Loan Mortgage Corp. (“FHLMC”) and mortgage participations with a highly rated single third-party. At December 31, 2016, the Company he...
120
10K
3568
3,739
The pretax components of U.S. and foreign income reflect the locations in which such pretax income was generated. The pretax U.S. and foreign income was as follows for the years ended December 31, 2007, 2006 and 2005:
37
10K
fr_axa-AR_2009
7,430
Reinsurers’ share in closing technical reserves (b) 5,992 20 6,012 5,723 20 5,744 4,630 22 4,653
16
annual_report
SwissReAG-AR_1993
227
The scope of consolidation includes all domestic and for­ eign insurance and reinsurance companies in which Swiss Re, Zurich, directly or indirectly maintains a holding of more than 50% in the voting share capital. Each indi­ vidual item of the profit and loss accounts and the bal­ ance sheets of these companies is sho...
84
annual_report
RSAInsuranceGroupPLC-AR_2008
1,502
Low cost share dealing facilities A telephone and internet dealing service is available through Equiniti which provides a simple way of buying and selling RSA shares. Commission is 1.5% with a minimum charge of £25 for telephone dealing and 1% with a minimum charge of £20 for internet dealing. For telephone sales call ...
96
annual_report
gb_lloyds_banking_grp-AR_2019
6,204
These securities will, in the event of the winding-up of the issuer, be subordinated to the claims of depositors and all other creditors of the issuer, other than creditors whose claims rank equally with, or are junior to, the claims of the holders of the subordinated liabilities. The subordination of specific subordin...
127
annual_report
gb_prudential-AR_2009
644
During 2009, the US financial services industry continued to face an array of challenges. After the S&P 500 index fell to a 12-year low in March, it rebounded and ended the year up 23.5 per cent (compared to a 38.5 per cent decline in 2008). Governmental interest rates increased but remained at historic lows, and ratin...
70
annual_report
StorebrandASA-AR_2019
3,125
Recognised for sustainable value creation: Results from survey asking how many connect the Storebrand brand name with sustainability, environmental stewardship and corporate responsibility.
23
annual_report
nl_ing_grp-AR_2019
6,804
3.2 Describe how the bank has worked with and/or is planning to work with clients and customers to encourage sustainable practices and enable sustainable economic activities. This should include information on actions planned/implemented, products and services developed, and, where possible, the impacts achieved.
43
annual_report
AegonNV-AR_2013
778
Production Total new life sales decreased 16% in 2013 to EUR 206 million.
13
annual_report
4508
755
the impact of the UK FSA regulatory settlement expense for which no tax relief is available;
16
10K
fr_axa-AR_2007
6,532
Shareholders are convened, meet, and deliberate in accordance with applicable French law and AXA’s statuts. All shareholders are entitled to attend these meetings, either in person or by proxy, provided that they show valid proof of ID and share ownership. The right to attend the shareholders’
46
annual_report
fr_axa-AR_2009
9,209
AXA intends to maintain its US ADR program as a “level one”
12
annual_report
LloydsBankingGroupPLC-AR_2013
7,877
Cash and cash equivalents at end of year 511 2,231 1,105
11
annual_report
NatixisSA-AR_2013
866
Around 34% of the employees subscribed for the capital increase for a total amount of €23.6 million, representing 8.4 million shares. Mauve is a new addition to Natixis’ employment framework, supplementing the Natixis employee savings plan system. The goal is for this initiative to continue over the long term.
49
annual_report