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5202 | 1,662 | Overall, our North American Insurance segment recorded net unfavorable reserve development of $1.7 million during the year ended December 31, 2015 compared to net favorable reserve development of $68.4 million for the year ended December 31, 2014, as shown in the tables below. | 43 | 10K |
gb_prudential-AR_2009 | 554 | The CMBS £2.1 billion portfolio is performing strongly, with 46 per cent of the portfolio rated AAA and less than 1 per cent rated below investment grade. The entire portfolio has an average credit enhancement level of 30 per cent. This level provides significant protection, since it means the bond has to incur a 30 per cent loss, net of recoveries, before we are at risk. | 66 | annual_report |
fr_axa-AR_2011 | 7,765 | Other fi nancing debt instruments issued (less than €100 million) 189 170 | 12 | annual_report |
3310 | 487 | Catastrophe and individual risk contracts may provide exceptionally large limits of indemnification, often several hundred million dollars and occasionally in excess of $1 billion, and cover catastrophe risks (such as hurricanes, earthquakes or other natural disasters) or other property risks (such as aviation and aerospace, commercial multi-peril or terrorism). Premiums earned from catastrophe and individual risk contracts in 2007 declined 28% from 2006 which increased 32% over 2005. Catastrophe and individual risk premiums written were approximately $1.2 billion in 2007, $2.4 billion in 2006 and $1.8 billion in 2005. The decrease in written and earned premiums in 2007 was principally attributable to increased industry capacity for catastrophe reinsurance which has produced increased price competition and fewer opportunities to write business. The level of catastrophe and individual risk business written in a given period will vary significantly based upon market conditions and management’s assessment of the adequacy of premium rates. | 149 | 10K |
2456 | 1,065 | The following table shows the variance between total incurred as reported in the above table for each of 2003 and 2002 and the incurred claims for such years had it been determined retrospectively (computed as the difference between “Incurred related to current year” for the year shown and “Incurred related to prior years” for the immediately following year): | 58 | 10K |
2357 | 1,248 | In addition, Assurant PreNeed generally writes whole life insurance policies with increasing death benefits. As of December 31, 2004, approximately 83% of Assurant PreNeed’s in force insurance policy reserves relate to policies that provide for death benefit growth that is either pegged to changes in the CPI or determined periodically at the discretion of the Company. In extended periods of declining interest rates or high inflation, there may be compression in the spread between Assurant PreNeed’s death benefit growth rates | 80 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2017 | 493 | Annual and multi-year bonus: Criteria for the evaluation of overall performance | 11 | annual_report |
5432 | 1,322 | The Company establishes future policy benefits for guaranteed minimum death benefits (“GMDB”) relating to the reinsurance of certain variable annuity contracts by estimating the expected value of death benefits in excess of the projected account balance and recognizing the excess proportionally over the accumulation period based on total expected assessments. The Company regularly evaluates estimates used and adjusts the additional liability balance, with a related charge or credit to claims and other policy benefits, if actual experience or other evidence suggests that earlier assumptions should be revised. The assumptions used in estimating the GMDB liabilities are consistent with those used for amortizing DAC, and are thus subject to the same variability and risk. The Company’s GMDB liabilities at December 31, 2017 and 2016 were not material. | 126 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2005 | 1,904 | Subordinated liabilities Subordinated liabilities are liabilities which, in the event of liquidation or insolvency, are only satisfied after the claims of other creditors. They are recognised at amortised cost, i.e. any premiums or discounts are deducted from or added to the acquisition costs according to the effective interest method, with impact on the income statement, until the redemption amount becomes payable. | 61 | annual_report |
3376 | 794 | We recently completed lease negotiations for several of our facilities. The lease for our current corporate headquarters in Reno, Nevada expires on April 30, 2008. We have elected not to renew the lease at our current location and have entered into a lease for a new facility that will better meet our needs by consolidating our corporate headquarters into one building. We expect to complete the move to our new facility by April 30, 2008. The lease for the new corporate headquarters expires in 2018. | 85 | 10K |
NatwestGroupPLC-AR_2012 | 5,990 | In the Preferred Shares litigation, the consolidated amended complaint alleged certain false and misleading statements and omissions in public filings and other communications during the period 1 March 2007 to 19 January 2009, and variously asserted claims under Sections 11, 12 and 15 of the US Securities Act of 1933, as amended (Securities Act). The putative class is composed of all persons who purchased or otherwise acquired Group Series Q, R, S, T and/or U non-cumulative dollar preference shares issued pursuant or traceable to the 8 April 2005 US Securities and Exchange Commission (SEC) registration statement. Plaintiffs sought unquantified damages on behalf of the putative class. The defendants moved to dismiss the complaint and briefing on the motions was completed in September 2011. On 4 September 2012, the Court dismissed the Preferred Shares litigation with prejudice. The plaintiffs have appealed the dismissal to the United States Court of Appeals for the Second Circuit. | 153 | annual_report |
HannoverRueckSE-AR_2012 | 1,593 | Deferred tax assets may only be netted with deferred tax liabilities if an enforceable right exists to net actual tax refund claims with actual taxes owing. A precondition here is that the deferred tax assets and deferred tax liabilities refer to income taxes that are levied by the same revenue authority either for (i) the same taxable entity or for (ii) different taxable entities. In this regard, there must be an intention – in every future period in which the discharge or realisation of substantial amounts of deferred tax liabilities / deferred tax assets is to be expected – either to bring about the settlement of the actual taxes owing and refund claims on a net basis or to discharge the liabilities at the same time as the claims are realised. The recognition of deferred tax assets and deferred tax liabilities in the consolidated balance sheet makes no distinction between short-term and long-term. | 153 | annual_report |
Sampoplc-AR_2002 | 918 | In the profit and loss accounts of individual Group companies, “Net income from leasing activities” includes additional depreciation and profits and losses on the disposal of lease assets, fees and commissions, and other income and expenses relating to leasing activities. | 40 | annual_report |
AvivaPLC-AR_2020 | 1,243 | We understand that our financial plans can only be achieved through being with people when it really matters, throughout their lives – to help them make the most of life. Looking after our customers, people and wider community has been a priority for Aviva during the ongoing pandemic. The Board met 28 times during the year, focusing on Aviva’s customers and assessing the impact of COVID-19 on them, in addition to revising the strategic priorities for the Aviva Group. | 79 | annual_report |
1000 | 657 | Year Ended December 31 1998 1997 1996 - ------------------------------------------------------------------------------ (Amounts in millions) | 12 | 10K |
AdmiralGroupPLC-AR_2016 | 772 | He has also been a Non-Executive Director of both the Department for Transport (DfT) and the Department for Work and Pensions (DWP), as well as of its predecessor, the Department of Health and Social Security (DHSS). | 36 | annual_report |
StorebrandASA-AR_2014 | 135 | The main channel for dialogue with the outside world is social media, where both Twitter and Facebook are important channels for feedback from relevant communities, and for availability for dialogue and questions. | 32 | annual_report |
HelvetiaHoldingAG-AR_2006 | 279 | In December 2004, an approved capital increase of CHF 23,598,750 was effected by issuing 2,359,875 registered shares with a nominal value of CHF 10 each, as a result of which the share capital rose from CHF 62,930,000 to CHF 86,528,750. | 40 | annual_report |
4989 | 3,528 | The following table presents changes in estimated fair value related to embedded derivatives: | 13 | 10K |
gb_prudential-AR_2015 | 5,019 | The Group audit team held a global planning conference with component auditors to identify audit risks and decide how each component team should address the identified audit risks. The Group audit team instructed component auditors as to the significant areas to be covered, including the relevant risks detailed above and the information to be reported back. The Group audit team approved the component materialities, which were set as £110 million for key reporting components in Asia and £140 million for all other key reporting components listed above (2014: £110 million–£140 million), having regard to the size and risk profile of the Group. | 102 | annual_report |
2811 | 478 | Income before income taxes and minority interest in 2004 increased $2.2 million to $33.9 million, a 7.0% increase over 2003, of which the majority related to the revenues derived from acquisitions completed in 2004, but offset primarily by lower earnings at FIU. The ratio of employee compensation and benefits to total revenues and the ratio of other operating expenses to total revenue were higher in 2004 than 2003, primarily due to two reasons: (1) 2004 total revenues reflected $2.8 million less profit-sharing contingency commissions income than in 2003 due primarily to the impact of the 2004 hurricanes in Florida, and (2) the 2003 and 2004 acquisitions reporting in this Division accounted for 27% of the Division’s total revenues, but operated at a lower aggregate operating profit margin of approximately 38.0%, thereby diluting the historical aggregate operating profit margin of this Division. | 141 | 10K |
LloydsBankingGroupPLC-AR_2007 | 2,284 | Change in unallocated surplus recognised in the income statement (note 9) (114) 165 | 13 | annual_report |
4387 | 863 | The Company rented an office space in Hong Kong and rents an quarter in Shanghai from a company owned by directors of the Company. | 24 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2017 | 1,620 | In both cases, this resulted both from an increase in customer deposits in unit-linked fund accounts and significantly better results of investment activity in the reporting period. | 27 | annual_report |
5894 | 204 | Prior to November 16, 2020, TLIC renewed a lease agreement on 2,500 square feet of the Topeka, Kansas office building on September 1, 2015 to run through August 31, 2017 with an option for an additional three years through August 31, 2020. TLIC renewed the lease agreement effective September 1, 2020. This lease will run from September 1, 2020 to August 31, 2028 with an option for an additional 2 years through August 31, 2030. Beginning September 1, 2028, the lessee can terminate the lease with a 90-day written notice. The terms of the lease leave TLIC responsible for paying real estate taxes, building insurance and building and ground maintenance with partial reimbursement from the lessee. The renewal lease agreement includes a $34,507 tenant improvement allowance that beginning September 1, 2020 is amortized over 96 months with interest at 5.00%. The lease payments are $4,293 from September 1, 2018 through August 31, 2019, $4,310 from September 1, 2019 through August 31, 2020 and $4,433 from September 1, 2020 through November 16, 2020. | 172 | 10K |
3972 | 3,102 | As part of the acquisition of ACAP on December 8, 2006, UTG loaned $3,357,000 to ACAP. ACAP used the proceeds for the repayment of existing debt with an unaffiliated financial institution and to retire all of its outstanding preferred stock. The terms of the inter-company loan mirror the interest rate and repayment requirements of the debt with First Tennessee Bank National Association. No payments were made on the loan in 2009 or 2008. At December 31, 2008, the interest due of $224,084 was added to the balance. As of December 31, 2009, the balance of the loan is $3,259,084. | 99 | 10K |
953 | 843 | The yield on general account invested assets (including net realized gains and losses on investments) was 8.6%, 7.8% and 7.9% for the years ended December 31, 1998, 1997 and 1996, respectively. | 31 | 10K |
NatixisSA-AR_2018 | 3,004 | The function in charge of monitoring operational risk ensuring the monitoring and management of risks arising from failures attributable to operating procedures, employees and internal systems or arising from outside events. | 31 | annual_report |
HannoverRueckSE-AR_2008 | 664 | • Despite the already high diversification of the portfolio, further tightening of issuer limits for all investments of the Hannover Re Group in September 2008 in order to minimise potential accumulation risks. | 32 | annual_report |
3592 | 2,245 | We regularly review all of these assumptions and periodically test DAC for recoverability. For deposit products, if the current present value of estimated future gross profits is less than the unamortized DAC for a line of business, a charge to income is recorded for additional DAC amortization. For other products, if the benefit reserve plus anticipated future premiums and interest income for a line of business are less than the current estimate of future benefits and expenses (including any unamortized DAC), a charge to income is recorded for additional DAC amortization or for increased benefit reserves. For the years ended December 31, 2007, 2006 and 2005, there were no charges to income recorded as a result of our DAC recoverability testing. | 121 | 10K |
gb_lloyds_banking_grp-AR_2015 | 1,893 | Implementation of the policy in 2016 It is proposed to operate the policy in the following way in 2016: Base salary In line with the policy, when determining and reviewing base salary levels, the Committee ensures that decisions are made within the following two parameters: – An objective assessment of the individual’s responsibilities and the size and scope of their role, using objective job-sizing methodologies. | 65 | annual_report |
BaloiseHoldingLtd-AR_2004 | 1,131 | Gross premiums written and policy fees 4,269.3 3,996.1 2,199.9 2,120.9 744.6 748.4 441.0 441.4 –280.1 –284.7 7,374.7 7,022.1 | 18 | annual_report |
fr_axa-AR_2010 | 975 | in 2010. Variable Annuity industry sales increased by 8% as guaranteed living benefi ts continue to drive sales. Although some companies continue to enhance product features, a number of insurers have withdrawn from the marketplace or have reduced benefi ts or increased charges. Fixed Annuity sales declined by 29% as some companies lowered their production given the low interest rate environment and concerns on new business capital strain. | 68 | annual_report |
4614 | 759 | Critical accounting policies are defined as those that are representative of significant judgments and uncertainties and that may potentially result in materially different results under different assumptions and conditions. We base our discussion and analysis of our results of operations and financial condition on the amounts reported in our Consolidated Financial Statements, which we have prepared in accordance with GAAP. As we prepare these Consolidated Financial Statements, we must make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses for the reporting period. We evaluate our estimates on an ongoing basis. We base our estimates on historical experience and on other assumptions that we believe to be reasonable under the circumstances. Actual results could differ from those estimates. We believe that our most critical accounting policies are as follows. | 154 | 10K |
4019 | 1,554 | The combined balance of our consolidated net unrealized loss on trading securities and other income (expense), net was a loss of $23.6 million during the year ended December 31, 2008, an increase of $22.7 million, as compared to the combined loss of $0.9 million in 2007. This increase is attributable to the net result of the unrealized loss on the trading portfolio, together with a decrease the fair value of the derivative component of our investment in structured notes linked to the Euro Stoxx 50 and Nikkei 225 stock indexes amounting to $4.7 million due to general market conditions. The unrealized loss experienced on trading securities represents a decrease of 36.7% and 35.8% in TSS and 36.8% in TSP in the fair value of the portfolio, which is lower than the decrease experienced by the comparable indexes of 37.0% in the S&P 500 and 38.44% in the Russell 1000 Growth. The change in the fair value of the derivative component of these structured notes is included within other income (expense), net. | 171 | 10K |
3461 | 943 | In 2007, the Company issued a promissory note of $4.5 million that is due in April 2009 in connection with the acquisition of a 4.25 acre parcel of land in Brea, California. | 32 | 10K |
ch_zurich_insurance_group-AR_2008 | 908 | 1% increase in the interest rate yield curves Group Investments (3,865) (3,670) Net income before tax (243) (273) Net assets (3,130) (2,764) | 22 | annual_report |
HannoverRueckSE-AR_2013 | 411 | In homeowners insurance, which was heavily impacted by these natural catastrophe events, further action was still needed after the unsatisfactory results of prior years and the latest red figures. Industrial property insurance lines remained fiercely competitive; there were no indications of a broad-based improvement in premium levels. | 47 | annual_report |
INGGroepNV-AR_2009 | 1,941 | Actuarial gains and losses related to pensions and post-employment benefits for the year ended 31 December 2009 include EUR 387 million (2008: EUR –2,647 million; 2007: EUR –789 million; 2006: EUR –180 million; 2005: EUR 873 million) experience gain adjustments for assets and EUR 172 million (2008: EUR –70 million; 2007: EUR 83 million; 2006: EUR –163 million; 2005 EUR 116 million) experience gain adjustments for liabilities. | 67 | annual_report |
2248 | 1,087 | Various business has been transacted between Infinity and AFG and its subsidiaries over the past several years, including insurance, computer processing and programming, payroll processing, office rental and sales of assets. Aggregate charges for these items have been insignificant in relation to revenues. | 43 | 10K |
gb_prudential-AR_2005 | 1,213 | Policy ensures that the independence and objectivity of the external auditor is not impaired, and that the Group maintains a sufficient choice of appropriately qualified audit firms. The policy sets out four key principles which underpin the provision of non-audit services by the external auditor, namely that the auditor should not: ■ Audit its own firm’s work; ■ make management decisions for the Group; ■ have a mutuality of financial interest with the Group; or | 75 | annual_report |
1171 | 293 | The Company implemented two major systems in 1999 and is in the process of implementing a third, at an estimated cost of over $50 million, which includes the implementation costs related to the recently acquired Kaiser-Texas operations. To date the Company has spent approximately $48.9 million on the new computer systems and other Year 2000 items. The Company expensed the costs to make modifications to existing computer systems and non-computer equipment. Management currently estimates the remaining new computer system costs to be $4.0 million to $6.0 million. While this has been a substantial effort, the results should give the Company the benefits of new technology and functionality for many of its financial and operational computer systems and applications. | 118 | 10K |
5472 | 1,590 | As of December 31, 2017, the Company had a net R&W receivable of $117 million from R&W counterparties, compared to an R&W payable of $6 million as of December 31, 2016. The increase was due primarily to a favorable settlement of R&W litigation. The Company received cash from the settlement in January 2018. See " -- Recovery Litigation -- RMBS Transactions" below. | 62 | 10K |
3962 | 803 | During any fiscal quarter after our fiscal quarter ending December 31, 2007, if the closing sale price per share of our common stock, for each of at least 20 trading days during the period of 30 consecutive trading | 38 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2004 | 460 | Progress in 2004 and outlook A successful strategy must measure up in terms of results. We have geared our activities clearly to the goal of profitability and have reduced the risks in the investment sector. These initiatives had a strikingly positive impact on our results in 2004. – In reinsurance, we consistently pursued our policy of charging risk-adequate prices and are firmly on track in terms of earnings. | 68 | annual_report |
SwissReAG-AR_2014 | 2,924 | Maturity Instrument Issued in Currency Nominal in millions Interest rate First call in Book value in USD millions 2024 Subordinated contingent write-off loan note 2013 USD 750 6.38% 2019 829 2042 Subordinated fixed-to-floating rate loan note 2012 EUR 500 6.63% 2022 597 2044 Subordinated fixed rate resettable callable 2045 Subordinated contingent write-off securities 2013 CHF 175 7.50% 2020 212 2057 Subordinated private placement (amortising, | 64 | annual_report |
4337 | 1,033 | Index to Financial Statements Funds available for investment include cash flows from operations, investment income, and funds generated from bond swaps, maturities and redemptions. Aflac U.S. purchased debt security investments at an aggregate acquisition cost of approximately $1.5 billion in 2011, $1.9 billion in 2010 and $1.0 billion in 2009. We purchased no perpetual or equity securities during the three-year period ended December 31, 2011. The following table presents the composition of debt security purchases for Aflac U.S. by sector, as a percentage of acquisition cost, for the years ended December 31. | 92 | 10K |
5179 | 717 | Credit risk is the willingness and ability of a borrower to repay on time and in full any principal and interest due to the lender. Losses related to credit risk are realized through the income statement and have a direct impact on the earnings of UFG. Given the vast majority of our holdings are fixed income maturity securities, we view credit risk as our primary investment risk. Our internal Investment Department has developed and maintains a rigorous underwriting process to analyze and measure the expected frequency and severity of loss (i.e., credit quality) for government, agency, municipal, structured security, and corporate bond issuers. The objective is to maintain the appropriate balance of risk in our portfolio, consistent with our Investment Policy Statement and conservative investment style, and ensure the portfolio is compensated appropriately for the credit risk it holds. We do have within our municipal bond holdings a small number of securities whose ratings were enhanced by third-party insurance for the payment of principal and interest in the event of an issuer default. A downgrade in the credit ratings of the insurers of these securities in 2015 and 2014 resulted in a corresponding downgrade in the ratings of the securities. Of the insured municipal securities in our investment portfolio, 99.3 percent and 98.9 percent were rated "A" or above, and 90.9 percent and 87.9 percent were rated "AA" or above at December 31, 2015 and 2014, respectively, without the benefit of insurance. Due to the underlying financial strength of the issuers of the securities, we believe that the loss of insurance would not have a material impact on our operations, financial position, or liquidity. | 274 | 10K |
ScorSE-AR_2016 | 1,805 | Number of shares initially authorized at date of the Shareholders’ Meeting and number of outstanding shares authorized at the date of the Registration Document | 24 | annual_report |
TrygAS-AR_2014 | 1,068 | Reinsurance is used as an important tool to reducing underwriting risk where a special need for this exists. | 18 | annual_report |
2702 | 541 | received from insurance companies, because a share of insurance commissions is typically paid to franchisees. Payroll expenses, which include wages, salaries, payroll taxes and compensated absences expenses, and other operating expenses, which includes advertising, rent, travel, lodging, office supplies and insurance expenses, increased primarily as a result of the expansion of our franchise operations, the opening of additional service/sales centers and the acquisition of Texas All Risk General Agency in 2003. Payroll expenses, as a percentage of total operating revenue, were approximately 20% in 2004, 17% in 2003, and 17% in 2002. Other operating expenses, as a percentage of total operating revenue, were approximately 18% in 2004, 15% in 2003, and 11% in 2002. | 114 | 10K |
4904 | 694 | The following discussion and analysis presents a review of our results of operations for the years ended December 31, 2014, 2013 and 2012 and financial condition as of December 31, 2014 and 2013. This item should be read in its entirety and in conjunction with the Consolidated Financial Statements and related notes contained in Part II, Item 8. of this Annual Report on Form 10-K. | 65 | 10K |
4447 | 1,950 | Property and Auto Physical Damage. These lines are fast-developing and paid and reported development techniques are used as these methods use historical data to develop paid and reported loss development patterns, which are then applied to current paid and reported losses by accident period to estimate ultimate losses. The Company relies primarily on reported development techniques although a review of frequency and severity and the initial loss expectation based on the expected loss ratio is used for the most immature accident months. The advantage of frequency / severity techniques is that frequency estimates are generally easier to predict and external information can be used to supplement internal data in making severity estimates. | 112 | 10K |
5189 | 514 | The following table summarizes our contractual obligations by period at December 31, 2016 (in thousands). | 15 | 10K |
AdmiralGroupPLC-AR_2004 | 388 | There are several key elements to the risk management environment throughout the Group. These include the setting of risk management policy at Board level, enforcement of that policy by the Chief Executive, delivery of the policy by the Risk Management Committee via the Group’s systems of internal control and risk management and the overall assurance provided by the Audit Committee that the systems operate effectively. | 65 | annual_report |
2744 | 1,871 | We test for impairment of goodwill on an annual basis unless an event occurs or circumstances change that would more likely than not indicate that an impairment has occurred. We tested our goodwill quarterly during 2004 due to decreasing sales levels at our agency subsidiaries. During our impairment test related to the fourth quarter of 2004, we determined that the goodwill related to the agency reporting unit was impaired. This impairment was a result of declining sales, particularly in the fourth quarter of 2004, which led to lower than planned net income at the reporting unit level. During the impairment test, we lowered the assumptions related to future sales growth and as a result recognized an impairment of $13,376 in 2004. | 121 | 10K |
5545 | 1,560 | The following table summarizes our contractual obligations as of November 30, 2018 (in thousands): | 14 | 10K |
5570 | 549 | *Adjusted EBITDA and Adjusted EPS are non-GAAP measures. Reconciliation of Adjusted EBITDA to net income (loss) and Adjusted EPS to EPS, the most directly comparable financial measures presented in accordance with | 31 | 10K |
5557 | 1,554 | Approximately 72% of installment premiums at both December 31, 2018 and December 31, 2017, respectively, are denominated in currencies other than the U.S. dollar, primarily the euro and pound sterling. | 30 | 10K |
gb_prudential-AR_2012 | 893 | In the US, where we are a leading provider of variable annuities, there are risks associated with the guarantees embedded in our products. We provide guaranteed minimum death benefi ts (GMDB) on substantially all policies in this class, guaranteed minimum withdrawal benefi ts (GMWB) on a signifi cant proportion of the book, and guaranteed minimum income benefi ts (GMIB) on only 3 per cent. To protect the shareholders against the volatility introduced by these embedded options, we use both a comprehensive hedging programme and reinsurance. The GMIB is no longer offered, with existing coverage being reinsured. | 96 | annual_report |
HiscoxLtd-AR_2008 | 731 | Frequency and severity of claims The specific insurance risks accepted by the Group fall broadly into four main categories: reinsurance inwards, marine and major property risks, other property risks and casualty insurance risks. These specific categories are defined for risk review purposes only and are not exclusively aligned to any specific reportable segment in the Group’s operational structure or the primary internal reports reviewed by the chief operating decision maker. A discussion of the frequency and severity of claims for each of those categories is given below. The Group has no significant exposure to asbestos risks or life insurance business. | 100 | annual_report |
CNPAssurancesSA-AR_2020 | 82 | we are now part of is perfectly attuned with what has always made | 13 | annual_report |
5833 | 874 | Net investment income decreased in 2020 from 2019 largely due to the negative impact from a lower total return on the deposit asset backing the 10% coinsurance agreement that is subject to deposit method accounting. The lower year-over-year total return of $9.2 million on this deposit asset was primarily due to a negative mark-to-market adjustment as the prices of fixed income securities held within the deposit asset fell during 2020 compared to an increase in 2019. Also contributing to a decrease in net investment income were lower yields on our invested asset portfolio of approximately $9.0 million. The decrease in net investment income was partially offset by the larger size of the invested asset portfolio, which resulted in an increase in net investment income of approximately $7.5 million in 2020 compared to 2019. Investment income net of investment expenses includes interest earned on our held-to-maturity invested asset, which is completely offset by interest expense on the Surplus Note, thereby eliminating any impact on net investment income. Amounts recognized for each line item will remain offsetting and will fluctuate from period to period along with the principal amounts of the held-to-maturity asset and the Surplus Note based on the balance of reserves being contractually supported under a redundant reserve financing transaction used by Vidalia Re, Inc. (“Vidalia Re”), a special purpose financial captive insurance company and wholly owned subsidiary of Primerica Life Insurance Company (“Primerica Life”). For more information on the Surplus Note, see Note 10 (Debt) and for additional information on the redundant reserve financing transaction used by Vidalia Re, see Note 4 (Investments) to our consolidated financial statements included elsewhere in this report. | 274 | 10K |
2209 | 1,319 | The Company believes that MBS investments add diversification, liquidity, credit quality and additional yield to its general account portfolio. The Company’s objective for its MBS portfolio is to provide reasonable cash flow stability and increased yield. The MBS portfolio include collateralized mortgage obligations (CMOs), Real Estate Mortgage Investment Conduits (REMICs) and mortgage-backed pass-through securities. The Company’s general account MBS investments generally do not include interest-only securities or principal-only securities or other MBSs, which may exhibit extreme market volatility. | 78 | 10K |
4149 | 13,817 | Contractholder funds represent interest-bearing liabilities arising from the sale of products such as interest-sensitive life, fixed annuities and funding agreements. Contractholder funds are comprised primarily of deposits received and interest credited to the benefit of the contractholder less surrenders and withdrawals, mortality charges and administrative expenses (see Note 8). Contractholder funds also include reserves for secondary guarantees on interest-sensitive life insurance and certain fixed annuity contracts and reserves for certain guarantees on reinsured variable annuity contracts. | 76 | 10K |
INGGroepNV-AR_2011 | 1,137 | ING Trust Office promotes the solicitation of proxies of shareholders of ING Group other than ING Trust Office itself and of specific proxies or voting instructions of holders of depositary receipts. ING Trust Office encourages the greatest possible participation of shareholders and holders of depositary receipts and promotes the execution of voting rights in a transparent way. At the same time it prevents that a minority of shareholders and holders of depositary 74 ING Group Annual Report 2011 | 78 | annual_report |
5143 | 1,359 | Premiums earned. Premiums earned increased by $11.8 million, or 13.9%, from $84.9 million for the year ended December 31, 2013 to $96.7 million for the year ended December 31, 2014. Contributing to this increase is growth in the loan portfolio of existing accounts driven primarily by rising automobile sales, higher average auto loan sizes and increasing credit availability, and growth relating to the increased retention of premium subject to the CUNA Mutual alliance. | 73 | 10K |
4151 | 646 | Depreciation - The increases in depreciation expense in 2010 compared to 2009 and in 2009 compared to 2008 were due primarily to the purchases of furniture, equipment and leasehold improvements related to office expansions and moves, and expenditures related to upgrading computer systems. Also contributing to the increases in depreciation expense in 2010, 2009 and 2008 were the depreciation expenses associated with acquisitions completed during these years. | 67 | 10K |
2307 | 1,778 | (3) As of December 31, 2003, the Company had $3,113.9 million of insurance in force for which the gross premiums are less than the net premiums according to the standard valuation of the State of New York. Reserves to cover the above insurance totaled $18.0 million at December 31, 2003. | 50 | 10K |
de_allianz-AR_2019 | 1,471 | 3_Net flows represent the sum of new client assets, additional contributions from existing clients – including dividend reinvestment –, withdrawals of assets from and termination of client accounts, and distributions to investors. | 32 | annual_report |
4881 | 690 | Operating revenue increased $9,913.7, or 47.6%, to $30,752.6 in 2013, primarily due to the acquisition of Amerigroup, growth in our FEP business due to premium rate increases designed to cover overall cost trends, and increases in membership in our CareMore and FEP businesses. These increases were partially offset by membership declines in our non-CareMore Medicare Advantage and Medicare Part D businesses related to our product repositioning strategy toward HMO product offerings. | 71 | 10K |
de_allianz-AR_2008 | 4,095 | – Derivative financial instruments and firm commitments included in other assets and other liabilities | 14 | annual_report |
NatwestGroupPLC-AR_2020 | 5,193 | Financial statem ents 26 Memorandum items continued Trustee and other fiduciary activities In its capacity as trustee or other fiduciary role, NatWest Group may hold or place assets on behalf of individuals, trusts, companies, pension schemes and others. The assets and their income are not included in NatWest Group's financial statements. NatWest Group earned fee income of £245 million (2019 - £250 million; 2018 - £257 million) from these activities. | 70 | annual_report |
RaiffeisenBankInternationalAG-AR_2014 | 2,558 | Alfred Lejsek, State Commissioner (since 1 January 2011) Anton Matzinger, Deputy State Commissioner (since 1 April 2011) | 19 | annual_report |
3992 | 12,666 | deterioration on real estate valuations. Securities in an unrealized loss position were evaluated based on discounted cash flows and credit ratings, as well as the performance of the underlying collateral relative to the securities’ positions in the securities’ respective capital structure. RMBS and ABS in an unrealized loss position were evaluated with credit enhancements from bond insurers where applicable. Municipal bonds in an unrealized loss position were evaluated based on the quality of the underlying security, as well as with credit enhancements from bond insurers, where applicable. Unrealized losses on equity securities are primarily related to equity market fluctuations. | 99 | 10K |
5347 | 552 | In October 2016, we announced the appointment of Robert S. Hurley as president of our Medicare segment and Tom G. Tsao as president of our Individual, Family and Small Business segment. Mr. Hurley previously served as executive vice president of sales and operations, and Mr. Tsao previously served as executive vice president, chief technology and product officer. We also announced that Mr. Francis added the responsibilities of chief operations officer to his current responsibilities as senior vice president and chief financial officer. Among his other responsibilities, Mr. Francis heads key operational aspects of our business, including telesales and product and technology development. | 102 | 10K |
AssicurazioniGeneraliSpA-AR_2018 | 2,084 | (in thousand euro) Direct business Reinsurance Total c) 1. for non-profit-sharing contracts 155,825 1,413,647 1,569,472 2. for profit-sharing contracts 0 0 0 3. for contracts in which the investment risk is borne by policyholders and for contracts linked to pension funds 49,894 11,510 61,404 | 44 | annual_report |
4837 | 1,146 | All reinsurance contracts in effect for the three-year period ended December 31, 2013 transfer a reasonable possibility of substantial loss to the reinsurer or are accounted for under the deposit method of accounting. | 33 | 10K |
3992 | 10,871 | Convertible bonds are fixed income securities that contain embedded options. Changes in valuation of the embedded option are reported in realized capital gains and losses. The results generally track the performance of underlying equities. Valuation gains and losses are converted into cash upon our election to sell these securities. In the event the economic value of the options is not realized, we will recover the par value of the host fixed income security if held to maturity unless the issuer of the note defaults. Fair value exceeded par value by $22 million at December 31, 2009. Convertible bonds are subject to our comprehensive portfolio monitoring and watch-list processes to identify and evaluate when the carrying value may be other-than-temporarily impaired. The following table compares the December 31, 2009 and December 31, 2008 holdings, respectively. | 134 | 10K |
ch_zurich_insurance_group-AR_2011 | 2,321 | c) Contingent share capital Capital market instruments and option rights to shareholders The share capital of Zurich Financial Services Ltd may be increased by an amount not exceeding CHF 1,000,000 by the issuance of up to 10,000,000 fully paid registered shares with a nominal value of CHF 0.10 each (i) by exercising conversion and/or option rights which are granted in connection with the issuance of bonds or similar debt instruments by Zurich Financial Services Ltd or one of its Group companies in national or international capital markets; and/or (ii) by exercising option rights which are granted to current shareholders. When issuing bonds or similar debt instruments connected with conversion and/or option rights, the pre-emptive rights of the shareholders will be excluded. The current owners of conversion and/or option rights shall be entitled to subscribe for the new shares. The conversion and/or option conditions are to be determined by the Board. | 150 | annual_report |
INGGroepNV-AR_2016 | 8,208 | Redemption value With respect to investments in fixed-interest securities, the amount payable on the maturity date. | 16 | annual_report |
INGGroepNV-AR_2020 | 1,997 | Non-Investment grade 1 Compared to the credit risk portfolio, the differences are mainly undrawn committed amounts (€118.4 billion) not included in Credit outstandings and non-IFRS 9 eligible assets (€89.1 billion, mainly guarantees, letters of credit and pre-settlement exposures) | 38 | annual_report |
AegonNV-AR_2011 | 221 | � The extensions of AEGON’s talent review to other levels of management within the company. | 15 | annual_report |
NatixisSA-AR_2016 | 10,522 | 7LEGAL INFORMATIONDraft resolutions of the Combined General Shareholders’ Meeting of May 23, 2017 457REGISTRATION DOCUMENT 2016 - Natixis | 18 | annual_report |
4761 | 944 | The Pooling Arrangement does not relieve each individual pooled subsidiary of its primary liability as the originating insurer; consequently, there is a concentration of credit risk arising from business ceded to State Auto Mutual. As the Pooling Arrangement provides for the right of offset, the Company has reported losses and loss expenses payable and prepaid reinsurance premiums to | 58 | 10K |
HiscoxLtd-AR_2004 | 41 | Art and Private Clients • High value household • Fine art and valuables • Classic cars • Executive household | 19 | annual_report |
NatixisSA-AR_2018 | 4,562 | Article 452 (e) (EBA) EU CCR4 – CCR exposures by portfolio and PD scale 202 to 204 | 17 | annual_report |
HiscoxLtd-AR_2010 | 2,405 | Hiscox Europe Underwriting Limited Insurance intermediary Great Britain *Held directly. **Hiscox Holdings Limited held 54,560 shares in Hiscox Ltd (2009: 54,560) at 31 December 2010. | 25 | annual_report |
NatixisSA-AR_2016 | 1,528 | Executive Officer; time by the Board of Directors on the proposal of the Chief appoints the Executive Managers (within the meaning ofc) | 22 | annual_report |
4628 | 720 | In 2012, we incurred a net loss of $53.3 million compared to $27.4 million in 2011. The diluted loss per share was $4.05 for 2012 compared to a diluted loss per share of $2.09 for 2011. | 36 | 10K |
660 | 598 | On August 21, 1997, GEC announced the signing of a definitive agreement to sell its Sri Lankan subsidiaries. The closings occurred on November 19 and December 22, 1997. The purchase price was approximately $25 million paid in cash of $17.3 million and marketable securities of $7.7 million. A gain of approximately $3.5 million was realized on the sale before taxes. | 60 | 10K |
NatwestGroupPLC-AR_2017 | 2,284 | Adjusted operating expenses of £1,528 million were £556 million, or 26.7%, lower than 2016. In the legacy business, adjusted operating expenses decreased significantly reflecting a 77.7% reduction in headcount as the business moved towards closure. In the core business, adjusted operating expenses reduced as the business continues to drive cost reductions. NatWest Markets adjusted costs, excluding costs associated with the legacy business, were £1,268 million compared to £1,320 million in 2016. | 71 | annual_report |
4890 | 1,026 | As of December 31, 2014 and 2013, the Mutual's statutory capital included surplus notes due to Old Republic of $10.5 out of total statutory capital of $29.4 and $29.9, respectively. AB&M's accounts are not consolidated with Old Republic's since it is owned by its policyholders and, in any event, their inclusion would not have a significant effect on Old Republic's consolidated financial statements. | 63 | 10K |
4201 | 916 | Limited partnership commitments will be funded as required for capital contributions at any time prior to the agreement expiration date. The commitment amounts are presented using the expiration date as the factor by which to age when the amounts are due. At December 31, 2010, Indemnity’s total commitment to fund limited partnerships that invest in private equity securities is $21 million, real estate activities $17 million and mezzanine debt of $12 million. At December 31, 2010, the Exchange’s total commitment to fund limited partnerships that invest in private equity securities is $177 million, real estate activities $143 million and mezzanine debt of $82 million. | 104 | 10K |
gb_lloyds_banking_grp-AR_2003 | 45 | We offer RouteMap, a unique business development programme, to our business customers | 12 | annual_report |
4795 | 1,037 | reinsurance) for these products. If PLNJ is ultimately required to establish material additional reserves on a New York statutory accounting basis or cause material amounts of additional collateral to be posted with respect to such variable annuity or other products, PLNJ’s ability to deploy capital for other purposes could be affected. | 51 | 10K |
5540 | 1,653 | At December 31, 2017, management concluded that one equity security, based on the severity and duration of the impairment, had experienced an other-than-temporary impairment. Accordingly, the Company recorded an impairment loss of $1.5 million in 2017. Management concluded that none of the other equity securities with an unrealized loss at December 31, 2017 and 2016 experienced an other-than-temporary impairment. Management evaluated the near-term prospects of these other equity securities in relation to the severity and duration of the impairment, and management had the ability and intent to hold the securities until a recovery of their fair value. | 97 | 10K |
INGGroepNV-AR_2020 | 3,731 | Board members. Key financial achievements, collectively accomplished by the Executive Board in 2020 in the predefined target areas are summarised in one table. The non-financial, individual performance of each the Executive Board members is summarised in separate tables. | 38 | annual_report |
AvivaPLC-AR_2017 | 4,831 | Fund management and non-insurance business sensitivities as at 31 December 2017 31 December 2017 Impact on profit before tax £m Interest rates | 22 | annual_report |
NatwestGroupPLC-AR_2011 | 5,446 | Sale of RBS England and Wales and NatWest Scotland branch based business to Santander UK plc On 4 August 2010, the Royal Bank, NatWest Plc and National Westminster Home Loans Limited entered into a Sale and Purchase Agreement with Santander UK plc pursuant to which the Royal Bank, NatWest Plc and National Westminster Home Loans Limited agreed to sell 311 Royal Bank of Scotland branded branches in England and Wales, seven NatWest branded branches in Scotland, the retail and SME customer accounts attached to these branches, the Direct SME business, and certain mid-corporate businesses and associated assets and liabilities to Santander UK plc for a premium of £350 million to net assets at closing. The parties agreed certain amendments to the Sale and Purchase Agreement on 30 August 2011. The consideration will be paid in cash and is subject to certain closing adjustments, including those relating to the performance of the business. The transaction is subject to regulatory, anti-trust and other conditions. | 162 | annual_report |
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