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3427
1,223
Effective January 1, 2005, Selective adopted Financial Accounting Standards Board (“FASB”) Statement of Financial Accounting Standards No. 123 (Revised 2004), “Share-Based Payment” (“FAS 123R”), which replaces FASB Statement No. 123 “Accounting for Stock Based Compensation” (“FAS 123”) and supersedes Accounting Princip...
176
10K
1850
2,308
Revenues. Our revenues for fiscal year 2001 increased by $5.2 billion, or 283%, compared to revenues for fiscal year 2000. The increase in revenues was primarily the result of our acquisition of PCS on October 2, 2000. Approximately $4.5 billion, or 86%, of the increase in revenues was attributable to data services and...
185
10K
StandardLifeAberdeenPLC-AR_2020
1,512
3 This figure shows the annual deferred bonus awarded in respect of the year. In 2020 50% of the annual bonus award will be deferred into shares in line with current policy. In 2019 75% of the total bonus award was deferred into shares under the 2019 Directors’ Remuneration Policy.
50
annual_report
SwissReAG-AR_2013
1,444
Involvement of executive management in meetings of the Board of Directors As a matter of principle, all members of the Group ec are requested to attend the regular meetings of the Board of directors as advisers. the members of the Group ec do not attend the constitutional meeting of the Board of directors following the...
103
annual_report
NatixisSA-AR_2016
10,533
providing access to capital and then brought to their attention at be made available to the holders of the capital stock or securities the next General Shareholders’ Meeting.
28
annual_report
4196
778
Management formally establishes loss reserves for financial statement purposes on a quarterly basis. In doing so, we make reference to the most current analyses of our Consulting Actuary, including a review of the assumptions and the results of the various actuarial methods used. Comprehensive studies are conducted as ...
81
10K
HiscoxLtd-AR_2001
10
• Continued growth of the Hiscox Insurance Company – GWP up 29% to £164m, combined ratio 97.8%
17
annual_report
2251
717
Sales in the retail protection business of Maritime Life, measured as new annualized premium, increased 18.8% to $54.3 million in 2003 from the prior year, primarily attributable to the contribution from the acquired Liberty Health business. Individual life product sales decreased 1.9% to $35.0 million from the prior y...
129
10K
gb_lloyds_banking_grp-AR_2011
4,511
Estimate of ultimate claims costs: At end of accident year 211 208 317 205 639 609 446 2,635
18
annual_report
de_allianz-AR_2012
2,560
in fair value of the hedged item attributable to the hedged risk, are recognized in income from financial assets and liabilities carried at fair value through income (net).
28
annual_report
gb_prudential-AR_2019
2,547
Individual Directors’ attendance at meetings throughout 2019 is set out in the ‘Governance’ section.
14
annual_report
5613
912
During 2018, our in-force derivative contracts included the 2017 Outward ILW Swaps. During 2017, our in-force derivative contracts included the 2017 Outward ILW Swaps and the 2016 Outward ILW Swaps.
30
10K
gb_lloyds_banking_grp-AR_2008
1,290
An annual business planning process is conducted at group and business unit level which includes a quantitative and qualitative assessment of the risks that could impact the Group’s plans. Within the planning round, the Group conducts both scenario analysis and stress tests to assess risks to future earning streams. Ov...
114
annual_report
gb_prudential-AR_2008
1,579
Related change in amortisation of deferred income and acquisition costs H1 1,070 1,070 1,070
14
annual_report
PosteItalianeSpA-AR_2016
4,123
Changes in fair value through profit or loss – – – 856 – – – 856
16
annual_report
3878
2,443
The amount of collateral postings with respect to AIGFP’s super senior credit default swap portfolio (prior to offsets for other transactions) were as follows:
24
10K
AdmiralGroupPLC-AR_2017
1,149
• Reviewing the Committee’s Terms of Reference and recommending amendments to the Board for approval
15
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2019
532
Multi-year variable remuneration Multi-year performance 2016–20181, 3 1,098,580 76 – Multi-year performance 2017–20193, 4 1,389,993 96 –
17
annual_report
4435
1,072
In January 2011, the FASB issued ASU No. 2011-01, Deferral of the Effective Date of Disclosures about Troubled Debt Restructurings in Update No. 2010-20. This update temporarily delays the effective date of the disclosures about troubled debt restructuring required within ASU 2010-20. The delay was intended to allow th...
92
10K
1329
361
actual performance of the lease receivables results in an estimated fair value that is lower than the original estimate, a decrease in the carrying value of the Residuals may be required.
31
10K
AvivaPLC-AR_2009
987
Of our £7,289 million exposure to equity investments in banks, trusts and insurance companies, £1,745 million relates to shareholder investments, which includes £766 million equities held by our business in the Netherlands and a strategic holding in UniCredit and other Italian banks of £927 million (£757 million net of...
52
annual_report
PosteItalianeSpA-AR_2020
3,113
In 2020, following the difficulties exacerbated by the Covid-19 health emergency, Poste Italiane wanted to strengthen its commitment to people who, due to specific personal or physical conditions, do not have direct access to the fundamental products and services needed for their economic livelihood and social well-bei...
66
annual_report
AvivaPLC-AR_2019
4,057
Subsidiaries The principal subsidiaries of the Company at 31 December 2019 are listed below by country of incorporation.
18
annual_report
ScorSE-AR_2012
4,750
On 31 December 2012, SCOR held 8,930,686 shares compared with 7,262,600 shares at 31 December 2011. The par value of these treasury shares is EUR 70,346,766.24 and their book value is EUR 162,638,941.19.
33
annual_report
NatwestGroupPLC-AR_2010
4,319
After 2 years but within 5 years After 5 years Total - cars and light commercial vehicles 503 109 100 9 721 - other 30 20 39 13 102 Finance lease contracts 20 41 131 263 455 Hire purchase agreements — 3 70 — 73 910 630 2,174 2,382 6,096 2009 Operating leases - transportation 164 327 1,607 2,255 4,353 - cars and light c...
148
annual_report
2835
756
The merits of each method are evaluated given the facts at hand. An estimate of the ultimate losses is then made based upon the particular method or combination of methods that is deemed most appropriate. In some cases the methodologies produce a cluster of estimates with a tight band of indicated possible outcomes. In...
88
10K
StorebrandASA-AR_2018
3,133
Tonnes CO2e per 1 million of sales income NOK/SEK (vs index): Results per Q3 2018 based on TCFD’s definition. Total carbon footprint is the sum of the companies’ carbon emissions over the companies’ revenues, weighted for our ownership in the respective companies. The measurement unit shows carbon emissions per million...
54
annual_report
976
472
Significant catastrophe and satellite losses affecting the year ended December 31, 1998 loss ratio are as follows:
17
10K
1668
395
During early 1999, the Company re-evaluated its real estate holdings, especially those properties acquired through acquisitions of other companies and mortgage loan foreclosures, and determined it would be in the long term interest of the Company to dispose of certain of these parcels. Parcels targeted for sale were ge...
69
10K
5384
1,615
The Company estimates that OPEB Expense for the year ended December 31, 2018 will include income of $3.0 million resulting from the amortization of the related accumulated actuarial gain and prior service credit included in AOCI at December 31, 2017.
40
10K
SwissReAG-AR_2009
1,335
Aggregate variable compensation expense The Compensation Committee takes its decisions to award variable compensation on an economic value basis at the time of grant. In the financial statements the recognition of deferred compensation follows the accrual principles as defined under GAAP. Compensation cost accrued unde...
173
annual_report
4489
602
•interest rate fluctuations or significant and sustained periods of low interest rates could negatively affect our interest earnings and spread income, or otherwise impact our business; •our investments are subject to market and credit risks, which could be heightened during periods of extreme volatility or disruption ...
59
10K
Sampoplc-AR_2016
3,783
Our audit procedures included evaluation of the governance around the overall Group reserving process, and included testing the operating effectiveness of key controls over the identification, measurement and management of the Group’s calculation of insurance liabilities. We evaluated the appropriateness of methodologi...
84
annual_report
ScorSE-AR_2012
6,458
Consolidated data covers a 12 month period, generally from 1 January 2012 to 31 December 2012.
16
annual_report
HannoverRueckSE-AR_2019
2,788
For further explanatory remarks on the impairment criteria please see section 3.2 “Summary of major accounting policies”.
17
annual_report
AdmiralGroupPLC-AR_2010
48
• Rastreator in Spain completed its fi rst full year of operation in 2010, generating well over 1 million quotes
20
annual_report
ScorSE-AR_2019
2,262
See Section 3.1.6 – Operational risks for further details on SCOR’s Internal control system approach, Appendix A – Internal control and risk management procedures, Section 4.1 – Group functions for a description of some of the departments involved in the management of intangible assets and Appendix A – Internal control...
74
annual_report
AegonNV-AR_2010
3,873
Financial Services - Insurance) and presented together with insurance liabilities (refer to note 2.19 and note 3); and
18
annual_report
3574
863
We issue credit derivative financial instruments that we view as an extension of our financial guaranty business but that do not qualify for the financial guaranty insurance scope exception under FAS 133 and FAS 149 and therefore are reported at fair value, with changes in fair value included in our earnings.
51
10K
4317
1,209
The Company amortized gains as a reduction of losses incurred of $10.7 million and $1.6 million for the years ended December 31, 2009 and 2008, respectively. In 2008, the amount of this favorable development related to settlement of case reserves, primarily property claims, for amounts lower than the case reserves carr...
119
10K
RaiffeisenBankInternationalAG-AR_2011
1,438
Impairment test for goodwill On each reporting date, goodwill is examined with a view to their future economic utility on the basis of cash generating units. A cash generating unit is defined by the management and represents the smallest identifiable group of assets of a company that generates cash inflows from operati...
167
annual_report
NatixisSA-AR_2015
4,136
+/- Net charge to other provisions (including insurance companies’ technical reserves) 2,875 2,191
13
annual_report
RaiffeisenBankInternationalAG-AR_2018
246
Raiffeisen Centrobank AG, Austria, Member (from 25 April 2018) Raiffeisen Bank Aval JSC, Ukraine, Member (from 27 April 2018) Raiffeisenbank a.s., Czech Republic, Member (from 24 April 2018) AO Raiffeisenbank, Russia, member (from 14 May 2018) Kathrein Privatbank Aktiengesellschaft, Austria, Chairman (from 17 July 2018...
65
annual_report
ch_zurich_insurance_group-AR_2008
2,519
Time value of fi nancial options and guarantees (TVFOG) In the United Kingdom and Germany, the increased cost was due to higher swaption implied volatilities and generally lower interest rates, which increased the time value of fi nancial options and guarantees for products with interest rate guarantees.
47
annual_report
3948
1,059
Unless the context otherwise indicates, all references in this Management's Discussion and Analysis of Financial Condition and Results of Operations, or MD&A, to the "Company,""Hilltop," "HTH," "we," "us," "our" or "ours" or similar words are to Hilltop Holdings Inc.(formerly known as Affordable Residential Communities...
52
10K
5584
499
(2) Effective January 1, 2018, we adopted ASU 2016-01, which eliminated the available-for-sale classification for equity securities and required changes in unrealized gains and losses in fair value of these investments to be recognized in net income.
37
10K
NatixisSA-AR_2006
4,092
Snyder Capital Management, LP (27) Asset Management 85 85 - - - -
13
annual_report
gb_prudential-AR_2009
1,506
Year of 2009 in 2009 original (Number Rights Rights 2009 Date of end of initial (Number (Number award of shares exercised lapsed (Number performance
24
annual_report
HelvetiaHoldingAG-AR_2013
1,165
The DCF valuation method is a two-tier gross rental method based on the principle that the value of a property equals the total of future earnings on the property. In the first phase, the individual annual cash flows for a property over the next ten years are calculated and discounted as of the valuation date. In the s...
125
annual_report
AvivaPLC-AR_2010
4,216
E18 – Principal assumptions continued Equity implied volatilities The implied volatility is that determined by the Black-Scholes formula to reproduce the market price of the option. The following table set out the model equity implied volatilities.
36
annual_report
1772
240
The following table summarizes assets assigned to this segment at the end of each year:
15
10K
2115
619
The Company evaluates investments for other-than-temporary impairment whenever events or changes in circumstances, such as business environment, legal issues and other relevant data, indicate that the carrying amount of an investment may not be recoverable. Any resulting impairment loss is reported as a realized invest...
99
10K
4281
1,039
On February 5, 2009, the Company completed the acquisition of 100% of the issued and outstanding common stock of CastlePoint, a Bermuda exempted corporation, pursuant to an Agreement and Plan of Merger, dated as of August 4, 2008, between the Company and CastlePoint. CastlePoint was a Bermuda holding company organized ...
76
10K
4199
1,361
We have also audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the Company’s internal control over financial reporting as of December 31, 2010, based on the criteria established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organ...
72
10K
3160
1,550
Preferred stock, $1 par value, 500,000 shares authorized, none issued or outstanding
12
10K
4355
2,371
· an economic downturn or other economic conditions adversely affecting our financial position including stock market volatility;
17
10K
5031
367
fixed maturities. During 2014, the Company recorded investment impairments due to other than temporary declines in values of $0.2 million on certain of its investments in non-redeemable preferred stocks. While the impairments did not impact the carrying value of the investments, they resulted in realized losses which r...
91
10K
1657
2,217
that are believed to be reasonable under the circumstances, the results of
12
10K
5141
1,372
In addition, we have various capital leases for computer hardware and software. These leases are accounted for as an acquisition of an asset and an incurrence of an obligation. Depreciation is calculated using the straight-line method over the shorter of the estimated useful life of the asset or the lease term.
51
10K
2187
1,189
The level of capital in the insurance companies is regulated by risk-based capital formulas and is monitored by rating agencies. In order to maintain appropriate capital levels, it may be necessary from time to time for AmerUs Group Co. to provide additional capital to the insurance companies.
47
10K
StorebrandASA-AR_2006
1,435
Technical insurance reserves: Life insurance: The major areas of risk and uncertainty in life insurance are associated with the incidence of death and disability. Most lines of life insurance include cover for disability either through disability pensions, exemptions from premiums or lump sum disability payments. Pensi...
228
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2005
825
Combined ratio: Consolidated result in property-casualty €m 418 1,234 * 1,370 788 –1,203
13
annual_report
BaloiseHoldingLtd-AR_2007
1,066
Additional remuneration Total of which: in cash of which: in shares in CHF
13
annual_report
NatixisSA-AR_2016
7,441
Paris, and work related to the FRTB project at Natixis Paris for €
13
annual_report
3476
966
In October 2007, we entered into an agreement providing for a line of credit in the maximum amount of $20.0 million. The agreement expires after three years. Under the agreement, advances may be made either in the form of loans or letters of credit. Loans under the agreement accrue interest at rates based either on the...
154
10K
RaiffeisenBankInternationalAG-AR_2010
2,979
If one takes into account the portfolio that was acquired from RZB during the merger as well, one can clearly see the effects of active credit portfolio management. The credit exposure in all targeted industries (e.g. consumer non-cyclical, energy) increased strongly whereas credit growth to restricted industries such ...
60
annual_report
NatixisSA-AR_2017
1,537
To assist it in its review process and prepare some of its deliberations, and to comply with the French Monetary and Financial Code, Natixis’ Board of Directors has surrounded itself with five Special Committees: an Audit Committee, a Risk Committee, a Compensation Committee, an Appointments Committee, and a Strategic ...
56
annual_report
4199
1,816
On December 9, 2010, our Board of Directors declared a dividend of $0.23 per common share to shareholders of record at the close of business on December 31, 2010 and payable on January 18, 2011. The Board of Directors also declared a dividend of $0.453125 per Series A 7.25% Preferred Share and a dividend of $1.875 per ...
113
10K
2798
984
Our Specialty Health Insurance segment income of $26.9 million for 2005 improved by 2% compared to $26.3 million for 2004, primarily as a result of the underwriting fees earned on the new reinsurance arrangement with PharmaCare Re and the strengthening of the Canadian dollar, partially offset by higher claim costs.
50
10K
5752
704
(increase in cash used in) investing activities of $(166) million in the 2019 period from the 2018 period is primarily attributable to a decrease in net cash inflow from proceeds from calls and maturities of investment securities, partially offset by reduced purchases of investment securities. The decrease in cash prov...
129
10K
2067
277
AIG's revenues in 2002 increased 9.3 percent to $67.5 billion when compared to $61.8 billion in 2001. Growth in revenues was primarily attributable to the growth in net premiums earned from the general insurance operations. This growth was negatively impacted by realized capital losses incurred. The following tables re...
64
10K
5958
4,325
Simplifications to the Accounting for Income Taxes In December 2019, the FASB issued amendments to simplify the accounting for income taxes. The amendments eliminate certain exceptions in the existing guidance including those related to intraperiod tax allocation and deferred tax liability recognition when a subsidiary...
94
10K
StandardLifeAberdeenPLC-AR_2016
3,735
(b) Critical accounting estimates and judgement in applying accounting policies The preparation of financial statements requires management to make estimates and assumptions and exercise judgements in applying the accounting policies that affect the reported amounts of assets and liabilities at the date of the financia...
118
annual_report
fr_axa-AR_2009
9,425
L.225-68 of the French Commercial Code, the conditions of preparation and organization of the Supervisory Board’s work
17
annual_report
NatixisSA-AR_2020
2,115
Non-compliance risk includes, for example, the use of inappropriate means to promote and market the bank’s products and services, inadequate management of potential conflicts of interest, disclosure of confidential or privileged information, or failure to comply with new client or supplier due diligence procedures, par...
63
annual_report
NNGroupNV-AR_2013
993
After carefully exploring and evaluating the options available for the divestment of ING Life Japan, it was concluded that ING Life Japan will be included with NN Group’s European insurance and investment management businesses in the base case IPO of NN Group in 2014. As a result, ING Life Japan and the Japanese Closed...
87
annual_report
5958
3,324
(1)Represents an immediate, parallel increase of 100 basis points across all asset classes, industry sectors and credit ratings based on information and assumptions used in the spread duration calculations and market interest rates as of December 31, 2020.
38
10K
ASRNederlandNV-AR_2008
782
Other borrowings as at 31 December were: Total other borrowings 509 1,057 1,323
13
annual_report
HelvetiaHoldingAG-AR_2011
1,345
Helvetia Holding AG, St. Gallen, issued a bond of CHF 150 million in 2010. The bond pays interest at 1.75% over a term of three years. The effective interest rate used for the valuation is 1.90%. The bond will be repaid at nominal value on 19 April 2013. The bond is measured at amortised cost. At the reporting date, th...
96
annual_report
ScorSE-AR_2013
6,000
The Committee met 4 times in 2013. Its works dealt with the stock allotment and subscription plans, the modalities of remuneration of the Chairman and Chief Executive Officer and other members of the Executive Committee of the Group.
38
annual_report
PhoenixGroupHoldingsPLC-AR_2019
668
The Part VII transfer of Standard Life Assurance Limited’s Irish, German and Austrian policies to Standard Life International resulted in a £0�2 billion reduction in the surplus reflecting increases in the SCR and risk margin as a result of the more onerous capital requirements and a loss of diversification under Stand...
67
annual_report
fr_axa-AR_2005
1,463
The European Directive dated October 27, 1998 required a consolidated solvency calculation effective for periods ending on or after December 31, 2001. France transposed this directive under an ordinance dated August 29, 2001, decreed on March 14, 2002 and applicable from 2002.
42
annual_report
5923
732
Our audit procedures related to management’s conclusion on amount, timing and presentation of revenue recognition, as well as the estimates of total costs and fees for the performance obligations that recognize the revenue include the following, among others:
38
10K
ScorSE-AR_2013
3,881
A significant catastrophic event (US or Japan Earthquake or a US or Europe Hurricane/Windstorm) covered by the respective Atlas Cat bond series and occurring during the coverage period of these bonds, would have an increasing impact on the expected loss and on the fair value of the respective portion of the Atlas deriv...
55
annual_report
DirectLineInsuranceGroupPLC-AR_2019
2,575
‘Amendments to IFRS 9: Prepayment Features with Negative Compensation’ was issued in October 2017 and is endorsed by the EU to allow instruments with symmetric prepayment options to qualify for amortised cost or fair value through other comprehensive income measurement because they would otherwise fail the ‘solely paym...
68
annual_report
NatwestGroupPLC-AR_2015
8,455
UK ring-fencing regime will be implemented during a period of significant business restructuring, which is expected to be dependent on the completion of the technical separation of
27
annual_report
gb_prudential-AR_2005
3,209
Reflecting FSA realistic basis of measuring liabilities for with-profit contracts for UK
12
annual_report
4634
1,648
The Company received permission from OCI to report investment holdings of Ambac Assurance insured securities, with coverage under financial guaranty policies that have been allocated to the Segregated Account, as a separate invested asset on the balance sheet rather than combined with other bond investments. This permi...
75
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2018
1,565
Notes to the consolidated balance sheet – Equity and liabilities 17 Equity The total share capital of €587,725,396.48 as at 31 December 2018 is divided into 149,538,477 no-parvalue registered shares, each fully paid up and entitled to one vote. The number of shares in circulation was as follows: Development of shares i...
53
annual_report
SwissReAG-AR_2020
4,538
Income statement Net income for 2020 amounted to CHF 1 573 million (2019: CHF 932 million).
16
annual_report
SwissReAG-AR_2012
888
Fee income from policyholders 789 713 –10 Net investment income – non-participating 1 611 1 548 –4 Net realised investment gains/losses – non-participating 205 –89 – Net investment result – unit-linked and with-profit –378 2 348 – Other revenues 3 –
41
annual_report
5084
1,013
Our primary objective in managing our capital is to preserve and grow shareholders’ equity and statutory surplus to improve our competitive position and allow for expansion of our insurance operations. Our insurance subsidiaries must maintain certain minimum capital levels in order to meet the requirements of the state...
83
10K
SwissLifeHoldingAG-AR_2013
1,041
CaSH aND CaSH equIvaleNTS aS aT eND oF PerIoD 6 088 6 480
13
annual_report
HiscoxLtd-AR_2008
915
Global UK and Corporate Global UK and CorporateGross premium revenues Markets Europe International Centre Total Markets Europe International Centre Total
20
annual_report
SwissReAG-AR_2014
1,421
The Board of Directors also proposes that the following Board members be re-elected as members of the Compensation Committee, for a one-year term: ̤ Renato Fassbind ̤ C. Robert Henrikson ̤ Hans Ulrich Maerki ̤ Carlos E. Represas
38
annual_report
AdmiralGroupPLC-AR_2018
2,178
The Board of Directors is responsible for the management of insurance risk, although as mentioned in note 7, it has delegated the detailed oversight of risk management to the Group Risk Committee.
32
annual_report
CNPAssurancesSA-AR_2005
37
Filmed in February 2003, “From one life to the next” takes the viewer on a journey through more than 100 years of time, via a series of vignettes depicting different historical moments. With each scene, the camera plunges into a photograph and goes back in time. The photographs act as shortcuts in the filming sequence,...
88
annual_report
RSAInsuranceGroupPLC-AR_2019
608
2. At constant FX. 3. At constant FX and excluding changes in reinsurance. 4. Excluding a one-off adjustment in Swedish Personal
21
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2017
2,262
Printed by Gotteswinter und Aumaier GmbH Joseph-Dollinger-Bogen 22 80807 München Germany
11
annual_report
2307
1,098
MONY Life’s principal wholly owned direct and indirect operating subsidiaries include: (i) MONY Life Insurance Company of America (“MLOA”), an Arizona domiciled life insurance company, (ii) Enterprise Capital Management (“Enterprise”), a distributor of both proprietary and non-proprietary mutual funds, (iii) U.S. Finan...
81
10K