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4679
1,279
The condition of the economy and expectations for interest rate changes.
11
10K
SwissReAG-AR_1995
677
Spain Suiza de Reaseguros (Iberica) Agencia de Reaseguros, S.A. de la Cia. Suiza de Reaseguro Paseo de la Castellana, 135 28046 Madrid 73 Swiss Re Group
26
annual_report
fr_axa-AR_2001
2,894
Whenever so directed by AXA, the depositary has agreed to terminate the deposit agreement by mailing notice of the termination to the holders of all ADRs then outstanding at least 30 days prior to the date fixed in the notice for the termination. The depository may likewise terminate the deposit agreement if at any tim...
172
annual_report
2772
571
Earned premiums increased $31.1 million, or 6.8% in 2004, due to an increase in sales production of new business and the positive impact of homeowner rate increases offset by increases in ceded catastrophe premium of approximately $1.8 million. These factors contributed to the growth in personal lines earned premiums o...
58
10K
NatwestGroupPLC-AR_2005
2,602
Fair value given for businesses acquired (85) (8,157) Cash and cash equivalents acquired — 457 Non-cash consideration 10 4 Net outflow of cash in respect of purchases (75) (7,696)
29
annual_report
NatwestGroupPLC-AR_2020
2,562
Other fees for NatWest Group plc Board directors Chairman of NatWest Markets Plc (composite fee to cover all boards and committees) £260,000 Chairman of the Colleague Advisory Panel January to March 2021 £30,000
33
annual_report
NatwestGroupPLC-AR_2020
1,969
Authority is delegated to TIC by the Board and a regular report of the Committee’s activities is provided to the Board. The terms of reference are available on natwestgroup.com. These are reviewed annually and approved by the NatWest Group Board.
40
annual_report
3684
3,362
Generally, the types of assets and liabilities utilizing Level 3 valuations are certain MBS and ABS, certain corporate debt, certain private equity investments, certain mutual fund holdings and certain derivatives, including derivatives embedded in annuity contracts and funding agreements.
39
10K
gb_lloyds_banking_grp-AR_2009
750
Wholesale’s integration programme is making good progress and synergies for the year are ahead of expectations. The initial planning and organisational design stage has been completed, and the Wholesale Operating Model has been defined. All major systems platform decisions have been made and the first product migration...
80
annual_report
fr_axa-AR_2015
9,260
Group level, describing a set of rules which every local entity is expected to adhere to and implement in order to ensure a consistent management of the Group, its risks and ethics. In
33
annual_report
5064
1,019
On January 1, 2015, the Company acquired the retirement business of Putnam Investments, LLC (“Putnam”), an affiliate of the Company. The transaction was accounted for as a combination between entities under common control. As such, the assets and liabilities acquired from Putnam were recorded at historical cost as of J...
118
10K
5287
1,497
Dividends of $0.25 per share on the Company’s common stock were declared and paid in 2016, 2015 and 2014.
19
10K
RSAInsuranceGroupPLC-AR_2010
1,459
The continuing focus of the Committee is the maintenance of a strong link between performance and reward. It is the Committee’s view that the interests of shareholders are best served by ensuring a remuneration structure which has a significant element of deferred performance related pay and reinforces the culture of h...
65
annual_report
1946
1,122
Effective January 1, 2002, the Company adopted FASB Statement of Financial Accounting Standards No. 144, “Accounting for the Impairment or Disposal of Long-Lived Assets” (FAS 144). FAS 144 establishes a single accounting model for long-lived assets to be disposed of by sale. A long-lived asset classified as held for sa...
193
10K
nl_ing_grp-AR_2019
1,037
In the fight against financial economic crime, customer due diligence and transaction monitoring are indispensable. To address shortcomings in the execution of these, ING continued to deliver on its global KYC enhancement programme in 2019. This includes in Italy, where Banca d’Italia had identified shortcomings in our...
108
annual_report
NatixisSA-AR_2019
7,664
Changes recognized directly in other comprehensive income with no recycling 95 19 0 0 114 (45) (15) 0 0 (61)
20
annual_report
INGGroepNV-AR_2015
272
• Well-known, strong brand with positive recognition from customers in many countries.
12
annual_report
4774
2,652
Section 382 of the Internal Revenue Code (“Section 382”) imposes annual limitations on the ability of a corporation to utilize its net operating tax loss carryforwards (“NOLs”) if the corporation experiences an “ownership change” as defined in Section 382. We will perform a Section 382 limitation calculation to determi...
101
10K
NatwestGroupPLC-AR_2017
2,285
RWAs decreased by £15.3 billion, adjusting for transfers(1), to £52.9 billion primarily reflecting reductions in the legacy business. In the core business RWAs decreased by £3.1 billion to £32.3 billion reflecting lower counterparty credit risk through mitigation activities and business initiatives. At the end of 2017 ...
77
annual_report
nl_ing_grp-AR_2016
7,317
CCR risk approach Analysis of the counterparty credit risk exposure by approach In the table below the portfolio’s counterparty credit risk exposure, calculated according the regulatory requirements, is presented. ING is using the Current Exposure Method (or MTM / Mark to Market) method as described in the CRR (art 274...
87
annual_report
2778
617
As reflected on the table on page 25 net earnings for 2005 decreased $1.0 million or $0.03 per diluted share due primarily to the impact of severance costs in 2005 and decreased $28.7 million or $0.78 per diluted share due to the impact of compensation for the Talbot earnout in 2005.
51
10K
5090
602
The Company accounts for share-based compensation based on the estimated grant date fair value. The Company grants awards with service only conditions and generally amortizes them on a straight-line over the requisite service period of the award, which is the vesting term. The fair value of the restricted stock grants ...
72
10K
NatwestGroupPLC-AR_2007
1,804
Claims management risk: arises if claims are handled or paid inappropriately. Claims are managed using a range of IT
19
annual_report
2924
973
$10.3 million loss on certificates issued by a trust backed by leases to a U.S. based airline. Although the airline had filed for bankruptcy in the third quarter of 2004, the bonds are secured by aircraft owned by the trust and have remained current on all interest payments to date. However, due to the lack of clarity ...
146
10K
gb_lloyds_banking_grp-AR_2013
4,781
In making this assessment account is taken of business plans, the five year board approved operating plan and the following future risk factors: – The expected future economic outlook as set out in the Group Chief executive’s Review and Market Overview; – The retail banking business disposal as required by the european...
54
annual_report
NatwestGroupPLC-AR_2013
3,830
Market risk continued Traded market risk continued Regulatory capital* Regulatory treatment The market risks subject to capital requirements under Pillar 1 are primarily interest rate, credit spread and equity risks in the trading book and foreign exchange and commodity risks in both the trading and nontrading books. I...
96
annual_report
LloydsBankingGroupPLC-AR_2007
2,473
Premium arising on issue of shares under share option schemes 32 96 £m £m
14
annual_report
SwissLifeHoldingAG-AR_2018
2,645
The expense recognised for share-based payment amounted to CHF 12 million in 2018 (2017: CHF 12 million).
17
annual_report
gb_prudential-AR_2008
2,584
NAIC designation: The following table shows the quality of residential and commercial mortgage-backed securities: Carrying Carrying value value £m £m (unless (unless otherwise otherwise stated) stated)
26
annual_report
NatwestGroupPLC-AR_2009
4,784
Sale of Angel Trains On 6 August 2008, the company completed the sale of Angel Trains Group to a consortium advised by Babcock & Brown for an enterprise value of £3.6 billion.
32
annual_report
PhoenixGroupHoldingsPLC-AR_2015
296
ANALYSIS The Group achieved a satisfaction score of 96% reflecting our commitment to ensuring customers are satisfied with our products and services.
22
annual_report
4757
1,056
As the timing of payments for claims and benefits cannot be predicted with certainty, we maintain portfolios of long term invested assets with varying maturities, along with short-term investments that provide additional liquidity for payment of claims. At December 31, 2013 and 2012, we held cash and short-term investm...
230
10K
5404
2,997
Voya Financial, Inc. guarantees the obligations of Voya Holdings under the $13 principal amount Equitable Notes maturing in 2027 as well as $426 combined principal amount of Aetna Notes. From time to time, Voya Financial, Inc. may also have outstanding guarantees of various obligations of its subsidiaries.
47
10K
StorebrandASA-AR_2007
735
Average number of shares (in million) 251.5 248.0 258.6 272.9 277.9
11
annual_report
12
621
Consolidated net income for 1993 reflects a charge of $24.1 million, net of deferred tax benefit, for the cumulative effect of adopting SFAS 106, which required the Company to provide for the cost of postretirement health care and life insurance benefits provided to retirees during the period of their service to the Co...
75
10K
5673
1,567
The Company’s provision (benefit) for income taxes is reflected as a component of income (loss) from continuing and discontinued operations and consists of the following:
25
10K
866
246
The Year 2000 Task Force has developed contingency plans for the Company with the exception of the MedPower subsidiary which is in the process of developing a separate contingency plan. MedPower's contingency plan is expected to be completed by June 1999. If the Company encounters Year 2000 problems with respect to int...
167
10K
5245
1,365
Quality improvement initiative costs of $25.3 million in the year ended December 31, 2015 and $28.4 million in the year ended December 31, 2014 are included in medical expenses in connection with the reporting of minimum medical loss ratios under the ACA. The following table provides a breakdown of medical expenses and...
57
10K
1971
704
In December 2002, Statement of Financial Accounting Standards No. 148, Stock-Based Compensation (SFAS No. 148), was issued which amends Statement of Financial Accounting Standards No. 123, Accounting for Stock-Based Compensation, (SFAS No. 123) and provides guidance on transition to voluntary adoption of SFAS No. 123 a...
77
10K
1894
619
Demand for freight moved by ACL barges is influenced by the economic demand for the cargoes. A decrease in that demand could adversely affect ACL's operating cash flows. Some cargoes are more highly dependent upon general economic conditions, such as certain liquid and steel cargoes which have experienced softening in ...
55
10K
NatwestGroupPLC-AR_2020
6,257
Implementing the ARP (initially in relation to the business previously described as Williams
13
annual_report
3679
1,434
Our International segment increased $160 million as a result of a $123 million increase in our international mortgage insurance business and a $37 million increase from our lifestyle protection
29
10K
NNGroupNV-AR_2016
428
Opportunities and risks Given the geographical scope of our operations, we deal with many pension systems. Countries have their own pension schemes and their own specifics regarding retirement age, contribution rates, tax deductions, replacement rates, and funding. We need to manage this wide variety of systems and ada...
51
annual_report
fr_axa-AR_2006
3,808
The opening balance sheet no longer contains deferred acquisition costs relating to the Life & Savings business, since their fair value was nil at acquisition date. In accordance with practices used in past acquisitions, and based on previously used accounting methods that are still permitted under IFRS for insurance c...
84
annual_report
3249
2,122
This includes net realized gains on investments of $241.9 million, net realized and unrealized losses on investment and other derivatives of $16.6 million, but does not include unrealized appreciation or depreciation on investments, which are included in accumulated other comprehensive income (loss).
42
10K
4921
2,215
Certain OTC derivatives trade in less liquid markets with limited pricing information, or required model inputs which are not directly market corroborated, which causes the determination of fair value for these derivatives to be inherently more subjective. Accordingly, such derivatives are classified within Level 3 of ...
140
10K
INGGroepNV-AR_2008
2,239
Remuneration of senior management, Executive Board and Supervisory Board The information on share-based payment plans and remuneration of the members of the Executive Board and the Supervisory Board is included in the remuneration report in the annual report. This information is considered to be an integral part of the...
52
annual_report
4619
599
One of the Company’s primary objectives is to ensure that its fixed maturity portfolio is maintained at a high average credit quality to limit credit risk. All securities are internally rated by the Company on a basis intended to be similar to that of the rating agencies. The Company’s internal rating methodology gener...
105
10K
NatwestGroupPLC-AR_2015
2,799
The following disclosures illustrate the progress made since the creation of RCR in relation to the targeted 85% run down of funded assets, achieving a reduction of 88% to £4.6 billion. As RCR has now achieved its targeted rundown and has been closed these are the final standalone RCR disclosures.
50
annual_report
LloydsBankingGroupPLC-AR_2015
1,066
Simon joined the Group in 2016 from Linklaters LLP where he was Firmwide Managing Partner, a position he held from January 2008. Prior to this, Simon spent 12 years in Asia, specialising in M&A and securities advice, serving terms in each of Hong Kong and Tokyo and was Managing Partner for Asia from 2003-2007. He is a ...
82
annual_report
NatixisSA-AR_2011
986
Total energy consumption per m2 of usable offi ce space (in MWh) 0.39 0.39 0.29
15
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2018
1,517
The deferred acquisition costs of the disposal group amounting to €85m (4m) are recognised under Changes in consolidated group/Other.
19
annual_report
2163
1,542
There were no shares or dilutive securities outstanding prior to the demutualization and initial public offering. For comparative pro forma earnings per share presentation, the weighted-average shares outstanding and the effect of dilutive securities for the period from November 2, 2001 to December 31, 2001 as shown ab...
59
10K
2764
1,094
Other revenue for 2005 included $34 million in gains recorded from the sales of two subsidiaries, NFU and Traders and Pacific Insurance Company. During 2004, OneBeacon sold two of its subsidiaries, Potomac Insurance Company of Illinois (“Potomac”) and Western States Insurance Company (“Western States”), as well as its ...
65
10K
4063
996
The remainder of the Company’s other invested assets consist primarily of holdings in publicly-traded mutual funds. The Company believes that its prices for these publicly-traded mutual funds based on an
30
10K
NatwestGroupPLC-AR_2016
6,468
(2) Prior year tax adjustments include releases of tax provisions that reflect the reduction of exposures in countries where RBS is ceasing operations in line with the strategy to become a smaller, simpler UK focused bank. The prior year tax adjustments also reflect adjustments to reflect submitted tax computations in ...
54
annual_report
4621
819
The statute of limitations related to our consolidated Federal income tax returns and our Florida income tax returns expired for all tax years up to and including 2008; therefore, only the 2009 through 2012 tax years remain subject to examination by taxing authorities. No taxing authorities are currently examining any ...
58
10K
4857
2,278
Beginning in December 2009, the Company entered into various guarantee agreements involving Karson Capital Limited (“Karson”). Karson is an unaffiliated company that provides collateral alternatives to letters of credit for reinsurance transactions. Karson established the KCL Master Trust (“Master Trust” or “Borrower”)...
86
10K
1444
577
Effective January 1, 2000, the Company adopted a deferred compensation plan for the benefit of certain outside directors of the Company who wish to defer the receipt of eligible compensation which they may otherwise be entitled to receive from the Company. Directors who choose to participate in the plan may elect to ha...
73
10K
3398
1,415
The Company has entered into various weather derivatives. The fair value of weather derivatives (the Company’s net liabilities) was a net unrealized loss of $1.8 million and $2.0 million, respectively, at December 31, 2007 and 2006. The notional value of the Company’s weather derivatives was $39 million and $23 million...
57
10K
3266
763
The U.S. Asset-Intensive sub-segment concentrates on the investment risk within underlying annuities and corporate-owned life insurance policies. Most of these agreements are coinsurance, coinsurance funds withheld or modified coinsurance of non-mortality risks such that the Company recognizes profits or losses primari...
57
10K
4045
1,186
The realization of deferred tax assets depends upon the existence of sufficient taxable income within the carryback or carryforward periods. A valuation allowance is established when the Company determines, based on available information, that it is more likely than not that deferred income tax assets will not be reali...
97
10K
AvivaPLC-AR_2001
1,012
(f) At 31 December 2001, the Group held equity index futures, forwards and options to buy a notional total of £1,771 million (2000: £566 million) and to sell a notional total of £1,657 million (2000: £169 million) for long-term business operations. These contracts have a net positive fair value of £86 million (2000: £1...
77
annual_report
ch_zurich_insurance_group-AR_2015
199
We are prioritizing investment in our highpotential market positions in the corporate market, the commercial mid-market and select retail markets.
20
annual_report
4770
1,022
Includes $1.5 billion and $1.6 billion at December 31, 2013 and 2012, respectively, of tax supported revenue bonds.
18
10K
NatwestGroupPLC-AR_2020
4,748
For all cash flow hedging and fair value hedge relationships NatWest Group determines that there is an adequate level of offsetting between the hedged item and hedging instrument by assessing the initial and ongoing effectiveness by comparing movements in the fair value of the expected highly probable forecast interest...
125
annual_report
INGGroepNV-AR_2005
195
Underlying profit before tax from Insurance Americas increased 23.6% to EUR 1,979 million in 2005. Profit growth was driven by a 27.4% increase in the United States, led by higher results from retirement services and annuities due to higher asset levels, improved investment performance and higher margins. The Canadian ...
73
annual_report
4691
151
In the years ending May 31, 2012 the Company, upon advice of legal counsel, removed certain dormant accounts payable in the aggregate amount of $150,604 based upon the vendor no longer requiring payment on a portion of the balance owed to them. These removals were recorded as gains on debt extinguishment.
51
10K
NatwestGroupPLC-AR_2017
1,329
Variable pay determination For the 2017 performance year, RBS operated a robust multistep process which is a control function led assessment to determine performance and therefore the appropriate bonus pool by franchise and function. At multiple points throughout the process, reference is made against Group-wide busine...
64
annual_report
4720
519
· $345 million of 5% Convertible Senior Notes due in 2017,
11
10K
4979
1,765
The following table summarizes our consolidated capital position for the periods indicated:
12
10K
gb_prudential-AR_2015
5,304
Intra-group dividends (including statutory transfers) and investment in operations note (ii) (472) (465) (215) (1,152) 1,152 – External dividends – – – – (974) (974)
25
annual_report
4407
1,335
Net income (loss) from discontinued operations related to the business subject to the Esurance Sale was $(7) million in 2011, break-even in 2010 and $5 million in 2009. The results for 2011 included a $10 million after-tax charge ($16 million pre-tax) from increased compensation accruals recorded as a result of the Esu...
69
10K
5789
643
The decrease in free cash flows in 2019 as compared to 2018 primarily resulted from unfavorable working capital changes, particularly in accounts receivable, and the negative cash flows of TRANZACT.
30
10K
ASRNederlandNV-AR_2008
857
Liabilities Due to banks 1,207 1,207 Due to customers 16 16 Debt certificates 5 5 Subordinated liabilities 687 726 Other borrowings 1,057 1,058 Total financial liabilities 2,972 3,012 2006 Assets Cash and cash equivalents 1,004 1,004 Due from banks 1,177 1,300 Due from customers 4,887 5,032 Reinsurance, trade and other...
58
annual_report
3005
1,072
(a) Statutory Deposits: Investments, the substantial majority of which are fixed maturities and common stocks available for sale, were deposited with governmental authorities as required by law and amounted to approximately $351 million and $277 million at December 31, 2006 and 2005, respectively.
43
10K
4607
1,377
The following tables show the fair value and unrealized loss by sector and credit quality rating of our corporate and other bonds in an unrealized loss position at December 31, 2012:
31
10K
5364
1,018
We have made acquisitions that included a significant amount of goodwill and other intangible assets. When we complete an acquisition, we apply the acquisition method of accounting, which among other things, requires the recognition of goodwill (which represents the excess cost of the acquisition over the fair value of...
355
10K
5927
1,992
The recognition of a reinsurance recoverable asset requires two key judgments. The first judgment involves our estimation based on the amount of gross reserves and the percentage of that amount which may be ceded to reinsurers. Ceded IBNR, which is a major component of the reinsurance recoverable on unpaid losses and l...
157
10K
SwissReAG-AR_2009
102
Having made considerable progress in the past year, we believe now is an appropriate time to re-establish targets. We aim to achieve a return on equity of 12% over the cycle. This target reflects the lower yield environment and the shift in Swiss Re’s asset portfolio towards lower-risk and shorter duration assets. Ther...
92
annual_report
4544
1,334
Total contract charges charges declined $1.2 million or 1% in 2012 and $5.0 million or 5% in 2011, relative to the same periods one year earlier. The decline in 2012 was due to several factors including a decrease in cost of insurance charges, largely due to the runoff of closed blocks; a decrease in expense loads that...
167
10K
4417
819
Alleghany then evaluates all remaining equity securities that are in an unrealized loss position the cost of which:
18
10K
PosteItalianeSpA-AR_2015
882
Riqualificazione del Personale (the Bilateral Agency for Staff Training and Retraining), the work of the
15
annual_report
CNPAssurancesSA-AR_2009
3,211
Net income (expense) from financial assets at fair value through profit 5,716.4 (8,913.9) 2,125.7 investment property
16
annual_report
RaiffeisenBankInternationalAG-AR_2011
796
The Southeastern Europe segment comprises Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Kosovo, Romania and Serbia. In these countries RBI is represented by banks and leasing companies, and in some markets by its own investment and asset management companies and pension funds. In Albania and Bulgaria fi nancial s...
147
annual_report
4345
565
General and administrative expenses for fiscal 2011 were $1,050,486 as compared with $1,316,211 for fiscal 2010, representing a decrease of $265,725 and are comprised of the following:
27
10K
fr_axa-AR_2008
1,514
Liquidity management is a core part of our financial planning, among which our debt profile schedule, and more broadly our capital allocation process. Our liquidity resources result from the operations of our Life & Savings, Property & Casualty and Asset Management activities, as well as from capital raising activities...
49
annual_report
RaiffeisenBankInternationalAG-AR_2006
295
Looking back one year to the beginning of 2006 our expectations for the year were rather ambitious for Central and Eastern Europe (CEE) but, as it turned out, they have been exceeded. Preliminary real GDP growth reached a record high of 5.4 per cent yoy (4.2 per cent in 2005) in the Central European (CE) new EU member ...
118
annual_report
RSAInsuranceGroupPLC-AR_2020
1,410
Under the Company’s Articles of Association, the Non-Executive Directors’ remuneration is determined by the Board (minus the Non-Executive Directors), within limits set by shareholders. The Non-Executive Directors’ fees effective from 1 April 2020 will continue to apply.
37
annual_report
490
658
Fixed maturities and equity securities not underlying the Swap at December 31, 1996 were $28 million and $21 million, respectively. Certain securities which were non-income producing for twelve months or more were $8 million and $9 million at December 31, 1996 and 1995, respectively.
44
10K
StorebrandASA-AR_2019
514
APPROACH We work actively against corruption throughout our business operations, with suppliers and other business partners.
16
annual_report
1592
151
Allcity Insurance Company ("Allcity" or the "Company") is a property and casualty insurer and includes the results of its subsidiary, Empall Agency, Inc. ("Empall"). Empire Insurance Company ("Empire"), a property and casualty insurer owns approximately 84.6% of the outstanding common shares of the Company and 100% of ...
100
10K
5325
879
The components of Net Realized Gains on Sales of Investments for the years ended December 31, 2016, 2015 and 2014 were:
21
10K
AegonNV-AR_2014
177
Long-term industry trends The insurance and pensions industry is going through a period of significant change. Aegon, with input from key stakeholders, has identified a number of key trends that will shape the life insurance and pension landscape in the years ahead.
42
annual_report
5839
1,054
For the year ended December 31, 2020, there was no allowance recognized for current expected credit losses with respect to fixed maturity securities classified as available for sale.
28
10K
HannoverRueckSE-AR_2011
5,329
Intrinsic Value Creation (IVC) 52, 81 ff, 90 f, 102 f, 112
12
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008
3,096
1 Owing to retirement from the Board of Management, payments in the amount of the grant value were made in lieu of the stock appreciation rights and rights already granted under the conditions reduced pro rata temporis.
37
annual_report
StandardLifeAberdeenPLC-AR_2013
129
Pooled Registered Pension Plans (PRPP) are being introduced in Canada, aiming to encourage saving for a retirement income for those individuals who do not have access to a corporate pension plan via their workplace. We have developed a strong PRPP proposition and we were granted a licence to be a federal PRPP administr...
56
annual_report
1959
719
During 2000, loss and LAE were significantly impacted by the reserve strengthening actions taken by the Company at June 30, 2000 that resulted from a loss and LAE study conducted by the Company. Following the reserve study, gross loss and LAE reserves were increased by $92.4 million, including $48.4 million for 1999 an...
89
10K
359
992
Held to Available Maturity for sale Total Purchases ($713.6) ($475.6) ($1,189.2) Maturities and paydowns 54.8 183.4 238.2 Sales 5.6 616.3 621.9 Gross gains 0.8 7.9 8.7 Gross losses (1.0) (9.8) (10.8)
31
10K