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597
SIERRA HEALTH SERVICES, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS For the Years Ended December 31, 2001, 2000 and 1999
21
10K
TrygAS-AR_2010
332
Most of Tryg’s customers are private households with a fairly stable purchasing power and insurance requirements.
16
annual_report
ASRNederlandNV-AR_2018
4,487
The disclosure of the exposure in note 7.7.6 describes the related risks and management judgments in compliance with the relevant accounting requirements.
22
annual_report
1425
573
/s/ Jack B. Lay /s/ Todd C. Larson Jack B. Lay Todd C. Larson Executive Vice President and Senior Vice President, Controller and Chief Financial Officer Treasurer
27
10K
2129
3,452
The primary sources of our liquidity are funds generated from insurance premiums, net investment income, premium finance and service fees and the maturing and sale of investments. The primary uses of our liquidity are payment of policy claims, operating costs and payment of dividends to our stockholders.
47
10K
AegonNV-AR_2004
2,349
These loans are subordinated to all other liabilities and borrowings. The interest rates vary from 6.51% to 8.18%. The market value of these loans amounts to EUR 279 million (2003: EUR 495 million).
33
annual_report
NatwestGroupPLC-AR_2007
22
* profit before tax, purchased intangibles amortisation, integration costs, and net gain on sale of strategic investments and subsidiaries in 2005.
21
annual_report
GjensidigeForsikringASA-AR_2019
2,782
How the matter was addressed in the audit ,,,-----~---~------N,~M ,,, __ =,=w~_,,,,, ,- ,,,Mw/.-H/,, • ..,wu.uM¼W ,, ,,,,,._, .u ,,,, ,,,,,_,,..,_..,.,,_.w. __ ,, ,,, __ ,,NP/.U•••~w------/NMWH//.+:-
26
annual_report
de_allianz-AR_2002
1,631
Treasury stock In order to enable Dresdner Bank AG to trade in shares of Allianz AG following the takeover of the bank, the Annual General Meeting on July 11, 2001 authorized the banks in which Allianz AG has a majority holding to acquire treasury stock for purposes of securities trading pursuant to § 71 (1) no. 7 of t...
128
annual_report
NatixisSA-AR_2018
12,371
The negotiations conducted with CNP between October 2013 and July 2014 resulted in the determination of the fundamental principles for the future partnership between BPCE, Natixis, and CNP, which were authorized by the Board of Directors on
37
annual_report
AssicurazioniGeneraliSpA-AR_2014
3,811
Method(1) Activity(2) Shareholding% Group equity ratio(3)Direct Indirect Through Total 0.01 Generali Italia S.p.A.
13
annual_report
4025
956
Various factors will continue to affect our appetite and capacity to write and retain risk. These include the impact of changes in frequency and severity assumptions used in our models and the corresponding pricing required to meet our return targets, evolving industry-wide capital requirements, increased competition, ...
49
10K
3967
1,028
Our effective tax rate in 2009 was higher than statutory federal and state tax rates primarily due to non-deductible lobbying expenses and tax shortfalls related to share-based payments, partially offset by an income tax adjustment related to an increase in our deferred income tax assets resulting from a reduction in e...
99
10K
RSAInsuranceGroupPLC-AR_2020
373
(2019: £405m) with a combined ratio of 91.1%1 (2019: 93.6% ). Total Group underwriting profit was £502m (2019: £346m) with a combined ratio of 91.9% (2019: 94.6%).
27
annual_report
4337
832
catastrophic events including, but not necessarily limited to, tornadoes, hurricanes, earthquakes, tsunamis, and damage incidental to such events
18
10K
3673
737
Year ended December 31, 2006. For periods prior to October 24, 2006, the date of the closing of the 2006 Distribution, our Consolidated Statements of Earnings included the results of FIS. (See note A of the Notes to Consolidated Financial Statements for a description of the accounting treatment of the 2006 asset contri...
59
10K
2221
300
Loss and loss adjustment expenses increased by $11.5 million, or 72.1%, to $27.5 million for the year ending December 31, 2003, as compared to $16.0 million as of December 31, 2002. The increase is predominately due to the increase in net premiums earned. The Company's loss ratio, as determined in accordance with GAAP,...
81
10K
3198
1,215
Over the past several years, we have worked to maintain a portfolio of straightforward and up-to-date products, primarily under the LifeHorizons banner. Our product development efforts emphasize death benefit protection and guarantees.
32
10K
2181
841
Pharmacy benefit management unaffiliated membership at December 31, 2002 increased approximately 45% compared to the prior year due to increased marketing efforts. PacifiCare pharmacy benefit management membership at December 31, 2002 decreased approximately 10% compared to the prior year as a result of county exits an...
59
10K
408
266
The Company's investment strategy continues to be to maximize total return on the investment portfolio over the long term through investment income and capital appreciation. On December 19, 1996, the Company entered into three "zero cost collar" contracts to mitigate the effects on its common stock investments and its ...
171
10K
1096
435
20. ACCOUNTING POLICIES AND PRINCIPLES (CONTINUED): Because the Company's management uses financial information prepared in conformity with accounting principles generally accepted in Canada in the normal course of business, the management of Sun Life Assurance Company of Canada (U.S.) has determined that the cost of c...
99
10K
566
353
The Company follows the provisions of SFAS No. 109, "Accounting for Income Taxes". Deferred tax assets and deferred tax liabilities are recorded to reflect the tax consequences in future years of differences between the tax bases of assets and liabilities and the corresponding bases used for financial statements. In Se...
164
10K
4644
881
Our fixed maturity investments are generally purchased in the context of a long-term strategy to fund insurance liabilities, so we do not generally seek to generate short-term realized gains through the purchase and sale of such securities. In certain circumstances, we may sell securities. These circumstances include: ...
151
10K
Sampoplc-AR_2002
347
Loyalty Loyalty is closely connected to Sampo’s customeroriented approach. Sampo provides service packages based on customer needs and is transparent in its product pricing policy. Customers are invited to spend “an hour with Sampo” in Sampo’s branches to discuss their money matters. The purpose of these meetings is no...
68
annual_report
5458
636
Our fully-insured dental HMO/IND membership decreased by approximately 7,500 in 2017. This membership decrease is attributable to the reduction of approximately 10,000 fully-insured dental HMO members due to the conversion of one employer group from our fully-insured dental HMO/IND product to our self-insured dental pr...
134
10K
StandardLifeAberdeenPLC-AR_2006
104
New business strain is virtually unchanged at £335m in 2006 (2005: £332m) despite a significant increase in new business premiums – see section 1.3. This reflects our strategy of focusing on more capital-efficient products. It also reflects a change in the commission payment structure on certain new products.
48
annual_report
StandardLifeAberdeenPLC-AR_2019
1,907
Maximum opportunity The maximum award opportunity in respect of any financial year is based on role and is up to 500% of salary.
23
annual_report
5936
1,396
A reconciliation of the beginning and ending amounts of material unrecognized tax benefits for 2020, 2019 and 2018 is as follows:
21
10K
4219
1,186
(c) Contract drilling backlog as of February 1, 2011 for Diamond Offshore’s jack-ups includes (i) $49 million attributable to contracted operations offshore Brazil for the years 2011 and 2012, and (ii) $5 million attributable to contracted operations in the GOM during 2011.
42
10K
PowszechnyZakladUbezpieczenSA-AR_2016
1,074
4. The value of net assets of OFE PZU Złota Jesień at the end of 2016 amounted to PLN 20.0 billion.
21
annual_report
Sampoplc-AR_2014
1,030
Technical provisions and economic value of insurance liabilities always include a degree of uncertainty as they are based on estimates of the size, timing and the frequency of future claim payments. The uncertainty is normally greater for new portfolios for which complete run-off statistics are not yet available, and f...
79
annual_report
gb_lloyds_banking_grp-AR_2003
208
As announced by the government in November 2003, the OFT is also reviewing the impact of the Financial Services and Markets Act 2000 on competition in UK financial services.
29
annual_report
fr_axa-AR_2006
190
FULL DISCLOSURE ON EXECUTIVE AND EMPLOYEES COMPENSATION AND SHARE IN CAPITAL
11
annual_report
3759
628
•increased productivity, with revenues at constant exchange rates per FTE employee increasing to $190,000 in 2008 compared with $186,000 in 2007;
21
10K
HiscoxLtd-AR_2017
1,204
2.3 Foreign currency translation (a) Functional currency Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (the ‘functional currency’). Entities operating in France, Germany, The Netherlands, Spain,...
95
annual_report
2835
654
The table below summarizes property and casualty premiums on a gross and net basis for the year ended December 31, 2005 compared with the same period of 2004 and 2003, respectively:
31
10K
RSAInsuranceGroupPLC-AR_2008
1,178
Movement in the carrying value of investment property is detailed below: Investment property at 1 January 429 454 Additions from subsequent expenditure 10 9 Transfer from property and equipment – 10 Sales and purchases (3) 1 Fair value losses (98) (50) Exchange adjustment 27 5 Investment property at 31 December 365 429
52
annual_report
2837
706
The estimation of loss reserves is an inexact process and there are inherent risks and uncertainties involved in making these assumptions. Economic conditions that have affected the development of loss reserves in the past may not necessarily affect development patterns in the future in either a similar manner or degre...
115
10K
2302
419
We do not anticipate any material impact on revenues or net income from these new regulations although there may be some one-off costs associated with system changes, depending on the precise details of the final regulations. However, the new regulations will have the effect of deferring the withdrawal of commissions f...
105
10K
NatwestGroupPLC-AR_2017
3,258
− 25 basis point shift in yield curves (1) (222) (11) (2) (236)
13
annual_report
5765
853
Our reinsurance and insurance subsidiaries reinsure portions of the risks they underwrite in order to reduce the effect of individual or aggregate exposure to losses, manage capacity, protect capital resources, reduce volatility in specific lines of business, improve risk-adjusted portfolio returns and enable them to i...
148
10K
2885
637
On September 30, 2003, United National Group Capital Trust I (“UNG Trust I”), a business trust subsidiary formed by American Insurance Service, Inc. (“AIS”), issued $10.0 million of floating rate capital securities (“Trust Preferred Securities”). These securities have a thirty-year maturity, with a provision that allow...
132
10K
StorebrandASA-AR_2006
375
International involvement Storebrand has a long history of playing an active role internationally in promoting corporate responsibility. We are an active and supportive member of organisations such as the United Nations Environmental Program (UNEP), Transparency International (TI), the Global Compact and the World Busi...
75
annual_report
fr_axa-AR_2009
934
Indonesia. The market was up by 12% (24) in new business premium and AXA ranked 8th (25) with a 71% growth in APE.
23
annual_report
DirectLineInsuranceGroupPLC-AR_2020
2,126
The March 2017 LTIP award vested overall at 70.8%, with the RoTE element achieving 100%, and TSR at 26.9%. The August 2017 LTIP award vested at 78.0%, with the RoTE element achieving 100% and TSR at 45.1%. All former Directors confirmed that they complied with the requirements of their individual exit agreements, which...
63
annual_report
de_allianz-AR_2017
1,756
The pre-diversified risk figures reflect the diversification effect within each modeled risk category (i.e. market, credit, underwriting, business, and operational risk) but do not include the diversification effects across risk categories. Group-diversified risk figures also capture the diversification effect across a...
43
annual_report
2326
404
The Company’s real estate professionals identify problem and potential problem mortgage assets and develop workout strategies to deal with borrowers’ financial weaknesses, whether by foreclosing on properties to prevent a deterioration in collateral value, or by restructuring mortgages with temporary cash flow difficul...
43
10K
1951
851
Premium income for 2002 decreased $.2 million or 3%, to $9.2 million.
12
10K
AvivaPLC-AR_2009
320
Since 2002, we have grown in part through carefully selected acquisitions, in particular the acquisitions of RAC in 2005 and AmerUs in 2006.
23
annual_report
5604
1,897
For the year ended December 31, 2018, PCA had an income tax benefit of $(1.5) million as compared to an income tax expense of $0.2 million for the year ended December 31, 2017. PCA’s effective tax rate for the years ended December 31, 2018 and 2017 was 21% and 34%, respectively.
51
10K
de_allianz-AR_2003
404
Board double the basic remuneration. Since the dividend policy of the Allianz Group is oriented toward the long-term, the remuneration of the Supervisory Board contains no additional component that is based on the long-term performance of the company.
38
annual_report
3203
406
Relatively high short-term maturity investment positions continued to be maintained as of December 31, 2006. Such positions reflect a large variety of seasonal and intermediate-term factors including current operating needs, expected operating cash flows, quarter-end cash flow seasonality, and investment strategy consi...
70
10K
fr_axa-AR_2003
2,449
Operating Income 171 (60) (64) (a) Net of ceded reinsurance (cession and retrocession). (b) Attritional data exclude (i) major losses in claims charge and (ii) covers'cost in ceded premiums. (c) (Attritional claims charge and major losses cost on all accident years) divided by (net earned premiums, net of all reinsuran...
53
annual_report
2011
335
The following information relates to reinsurance and related data for the General Insurance, Mortgage Guaranty and Life Insurance Groups for the three years ended December 31, 2002. For the years 2000 to 2002, reinsurance transactions of the Title Insurance Group have not been material.
44
10K
fr_axa-AR_1999
3,144
France Assurance (holding company). This was partially offset by a provision of € 19 million (after tax)
17
annual_report
NatixisSA-AR_2018
680
Member of the Board of: Natixis North America LLC (from 31/05/2016 toa 15/01/2018), Peter J. Solomon Securities Company LLC (since 31/05/2018)
21
annual_report
NatixisSA-AR_2008
2,315
Natixis has adopted a policy of non-investment in companies linked to the manufacture, trade and stockpiling of landmines and cluster bombs.
21
annual_report
NatwestGroupPLC-AR_2020
3,231
Stage 3 provisions are not subject to the same level of measurement uncertainty – default is an observed event as at the balance sheet date. Stage 3 provisions therefore have not been considered in this analysis.
36
annual_report
AvivaPLC-AR_2018
3,817
(i) The Group’s non-hedge derivatives at 31 December 2018 and 2017 were as follows: Contract/ notional amount £m
18
annual_report
4310
3,980
During the year ended December 31, 2008, the Company recognized $37 million in interest expense associated with the liability for unrecognized tax benefits. At December 31, 2008, the Company had $176 million of accrued interest associated with the liability for unrecognized tax benefits. The $42 million decrease from D...
119
10K
5634
10,232
Immediate annuities with life contingencies, including certain structured settlement annuities, provide benefits over a period that extends beyond the period during which premiums are collected. Premiums from these products are recognized as revenue when received at the inception of the contract. Benefits and expenses ...
49
10K
INGGroepNV-AR_2020
1,775
The mortgage values are collected in an internal central database and in most cases external data is used to index the market value (e.g. mortgage values for the Netherlands are updated on a quarterly basis using the NVM/CBS house price index).
41
annual_report
INGGroepNV-AR_2001
861
In very difficult market circumstances, assets under management still increased by 2% from EUR 503 billion to EUR 513 billion.
20
annual_report
5609
12,690
As of October 1, 2018, we performed our annual quantitative goodwill impairment test for our reporting units, and the fair value was in excess of each reporting unit’s carrying value for Annuities, Retirement Plan Services, Life Insurance and Group Protection.
40
10K
fr_axa-AR_2005
618
Compensation Committee on the basis of the specific objectives set at the beginning of the year.
16
annual_report
NatwestGroupPLC-AR_2018
2,046
The table shows the retained encumbered assets of the Group. Derivatives and Reverse Repos are disclosed within the credit risk section on pages 147 and 148.
26
annual_report
3919
344
The majority of the variable annuity contracts offered by RiverSource Life contain GMDB provisions. When market values of the customer’s accounts decline, the death benefit payable on a contract with a GMDB may exceed the contract accumulation value. RiverSource Life also offers variable annuities with death benefit pr...
120
10K
4096
542
Our contractual obligations under the outstanding redeemable securities payable are comprised of $95.0 million of interest payments over the next 20 years and $58.5 million of principal payable in 2028.
30
10K
5128
953
In December 2013, two of our insurance subsidiaries with long-term care business in our former Other CNO Business segment entered into 100% coinsurance agreements ceding $495 million of long-term care reserves to BRe. Pursuant to the agreements, the Company paid an additional premium of $96.9 million to BRe and an amou...
97
10K
StandardLifeAberdeenPLC-AR_2007
474
New business PVNBP sales in Europe increased by 35% in constant currency to £1,179m (2006: £866m). PVNBP new business in Germany increased by 34% in constant currency to £722m (2006: £536m). Our strong performance in Germany was driven by the success of Maxxellence, our unit linked product launched in the fourth quarte...
134
annual_report
gb_prudential-AR_2003
132
There were some increasingly positive trends in the third and fourth quarters as markets began to stabilise and sales started to recover, and we ended the year in good shape. We have one of the strongest UK life funds in the industry, our capital position is strong and we are well placed to manage the business for grow...
58
annual_report
1353
291
Sequoia may be able to earn a higher return on capital if it were able to use its current level of surplus to write more premium volume. To achieve this, Sequoia is examining two separate opportunities to offer selected lines of personal insurance through direct channels.
46
10K
5775
960
(4) Effective January 1, 2018, the Company adopted accounting guidance that requires all equity investments with readily determinable fair values (subject to certain exceptions) to be measured at fair value, with changes in the fair value recognized in net income. The Company recorded an adjustment of $291 million to o...
60
10K
2697
1,101
Expected maturities may differ from contractual maturities as the issuers may have the right to call or prepay the obligations with or without call or prepayment penalties.
27
10K
5409
1,129
• LTD: Claim frequency is based on submitted reserve claim counts.
11
10K
5912
1,603
Our Specialty P&C segment underwriting, policy acquisition and operating expenses for the years ended December 31, 2020 and 2019 were comprised as follows:
23
10K
1983
1,323
The following condensed financial statement information has been presented on a combined basis for all unconsolidated subsidiaries accounted for under the equity method as of and for the year ended December 31, 2002.
33
10K
HannoverRueckSE-AR_2012
309
The development of our specialty lines was satisfactory. This segment of non-life reinsurance includes marine and aviation business, credit and surety, structured reinsurance products, ILS (Insurance-Linked Securities), the London Market and direct business.
33
annual_report
5250
638
Net earnings (loss) attributable to noncontrolling interests - The amounts reported in this line for 2016, 2015 and 2014 include non-controlling interest earnings of $3.6 million, $1.7 million and $0.9 million, respectively, primarily related to our investment in Capsicum Reinsurance Brokers LLP (which we refer to as C...
85
10K
4848
1,584
Certain workers’ compensation policies include the possibility of a policyholder earning a return of a portion of its premium in the form of a policyholder dividend. The dividend generally is calculated by determining the profitability of a policy year along with the associated premium. We reserve for all probable futu...
63
10K
GjensidigeForsikringASA-AR_2014
1,252
Change in loss frequency (1 %-point) General insurance Private Norway 559.2 562.3 General insurance Commercial Norway 1237.5 1,328.6
18
annual_report
3878
1,747
As described above, AIG uses numerous assumptions in determining its best estimate of reserves for each class of business. The importance of any specific assumption can vary by both class of business and accident year. If actual experience differs from key assumptions used in establishing reserves, there is potential f...
138
10K
GjensidigeForsikringASA-AR_2011
1,953
insurance-related operating expenses Insurance-related administration expenses incl. commissions for received reinsurance and sales expenses 4, 17 (2,647.1) (2,506.6)
18
annual_report
2797
1,271
In addition, we agreed to extend a $10.0 million letter of credit through July 1, 2006 (“Extension”) for the benefit of a Lloyd’s of London syndicate (“Syndicate”) which was originally issued in connection with a reinsurance treaty covering the 2002 year of account. We received $0.5 million of fees in December 2004 and...
112
10K
4770
1,219
Radian Group Inc. (“Radian Group”) currently has immediately available, either directly or through an unregulated subsidiary, unrestricted cash and liquid investments of approximately $615 million, after consideration of a $100 million capital contribution made to Radian Guaranty in February 2014. The $615 million of a...
134
10K
2638
1,291
The following table sets forth selected consolidated financial data of the Company as of and for the years ended December 31, 2004, 2003, 2002, 2001 and 2000. These selected financial and other data should be read in conjunction with the Consolidated Financial Statements and related notes and with “Management’s Discuss...
59
10K
4990
1,062
The extent of losses from a natural catastrophe is a function of both the total amount of insured exposure in an area affected by the event and the severity of the event. We regularly assess our concentrations of risk in natural catastrophe exposed areas globally and have strategies and underwriting standards to manage...
149
10K
LloydsBankingGroupPLC-AR_2020
3,941
The UK Motor Finance portfolio decreased slightly from £16.0 billion for 2019 to £15.2 billion for 2020 due to reduced market activity as a result of the pandemic
28
annual_report
5926
901
GAAP defines fair value as the price that would be received to sell an asset or paid to transfer a liability (exit price) in an orderly transaction between market participants at the measurement date. We categorize our financial instruments into three levels of fair value hierarchy based on the priority of inputs used ...
179
10K
Sampoplc-AR_2009
2,129
This was the 23rd quarter in a row with combined ratio below our long-term target of 95 per cent.”
19
annual_report
4390
834
In our opinion, State Auto Financial Corporation and subsidiaries maintained, in all material respects, effective internal control over financial reporting as of December 31, 2011, based on the COSO criteria.
30
10K
RSAInsuranceGroupPLC-AR_2013
1,842
The information for the year ended 31 December 2012 has been restated and the impact of the revised standard on the results previously reported for the year ended 31 December 2012 is provided in note 27.
36
annual_report
4003
1,230
disclosed in Level 1 as the estimates are based on unadjusted market prices. The Group determined that Level 2 securities would include corporate bonds, mortgage backed securities, municipal bonds, asset-backed securities, certain U.S. government agencies, non-U.S. government securities, certain short-term securities a...
46
10K
de_allianz-AR_2012
4,051
Belmiro De azeveDo until June 2012 Chairman of Sonae SGPS, S.A.
11
annual_report
NatixisSA-AR_2012
4,396
Number of potential dilutive shares resulting from stock option plans and bonus share plans (b) 15,163,611 18,904,018
17
annual_report
ch_zurich_insurance_group-AR_2012
3,290
The new business is valued at the point of sale. Explicit allowance is made for frictional costs, time value of financial options and guarantees, and CRNHR. New business value is valued using actual new business volumes, except in Germany. See Section 12 f) for details.
45
annual_report
3771
1,423
million provision for bad debt related to a North Sea semisubmersible rig contracted to a U.K. customer that has entered into administration.
22
10K
2909
3,191
•Allstate expects to experience lower investment yields due, in part, to the reinvestment of proceeds from maturities and the investment of cash flows from operations in securities yielding less than the average portfolio rate due to the impact of the current interest rate environment.
44
10K
5634
6,538
Reinsurance and indemnification programs We utilize reinsurance to reduce exposure to catastrophe risk and manage capital, and to support the required statutory surplus and the insurance financial strength ratings of certain subsidiaries such as Castle Key Insurance Company (“CKIC”) and Allstate New Jersey Insurance Co...
90
10K
4427
1,144
At December 31, 2011, each of our Insurance Company Subsidiaries was in excess of any minimum threshold at which corrective action would be required.
24
10K