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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 pe...
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 aero...
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 ye...
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 determi...
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 pe...
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...
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 consolida...
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, ...
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)...
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 ...
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 a...
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 ...
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 ru...
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 req...
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 ...
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...
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 s...
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...
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 ...
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 i...
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; 200...
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 audit...
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 syste...
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 " -- Rec...
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 pur...
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 2...
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...
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 s...
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 e...
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 con...
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....
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 mana...
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...
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 ...
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...
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 negat...
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 (C...
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 withdraw...
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 p...
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 ave...
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 incre...
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 m...
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 f...
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 unrealize...
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 pre...
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 the...
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 c...
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 lo...
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 ...
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 busine...
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 n...
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 limit...
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 ...
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 ...
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 H...
162
annual_report