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fr_axa-AR_2016
8,565
State Courts. These actions were brought on behalf of classes of persons who purchased Variable Annuities or variable life insurance policies from AXA Equitable that were subject to the AXA Tactical Manager (ATM) strategy which is a managed volatility strategy in certain variable investment options offered to purchaser...
113
annual_report
ScorSE-AR_2019
2,107
Natural catastrophes SCOR’s property business underwritten by the P&C business unit is exposed to multiple insured losses arising from single or multiple natural events, which can be catastrophic. Natural catastrophes, such as hurricanes, typhoons, windstorms, floods, hail, severe winter storms and earthquakes can gene...
56
annual_report
2977
601
Cash flows from investing activities were primarily the result of normal purchases and sales of investment securities. Net realized investment gains before income taxes were $652,000, $383,000 and $745,000 during 2004, 2005 and 2006, respectively, from the sale of investments. NAICO received proceeds of $23.8 million, ...
124
10K
RSAInsuranceGroupPLC-AR_2017
3,018
Reinsurers’ share of provisions for losses and loss adjustment expenses at 1 January 1,530 1,264
15
annual_report
5957
1,729
The Company has not experienced any credit losses for the years ended December 31, 2020, 2019, or 2018 related to these reinsurers. The Company has set limits on the amount of insurance retained on the life of any one person. The amount of insurance retained by the Company on any one life on traditional life insurance ...
95
10K
5653
1,121
In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which sets out the principles for the recognition, measurement, presentation and disclosure of leases for both parties to a contract (i.e., lessees and lessors). The new standard requires lessees to apply a dual approach, classifying leases as either fi...
260
10K
HelvetiaHoldingAG-AR_2013
2,000
The variable component of the salary which is dependent on the business results is calculated for the members of the Board of Directors on the basis of the extent of target achievement multiplied by a reference figure of 30 % of the basic salary which is converted into shares. As part of a long-term compensation concep...
242
annual_report
4475
959
Net premiums written amounted to $11.8 billion in 2011, $11.2 billion in 2010 and $11.1 billion in 2009.
18
10K
PosteItalianeSpA-AR_2015
4,168
Pursuant to a ruling of the General Court of the European Union dated 13 September 2013, which found in favour of the Company. 84
24
annual_report
PhoenixGroupHoldingsPLC-AR_2016
1,444
– The initial three-year vesting period will run to the three-year anniversary of the making of the LTIP award. At this time, the performance conditions will be determined.
28
annual_report
ch_zurich_insurance_group-AR_2011
2,325
Employee participation On January 1, 2011, and January 1, 2010, the contingent share capital, to be issued to employees of Zurich Financial Services Ltd and Group companies, amounted to CHF 470,836 and CHF 264,383 or 4,708,363 and 2,643,831 fully paid registered shares, respectively, with a nominal value of CHF 0.10 ea...
51
annual_report
4067
1,207
At both December 31, 2009 and 2008, the Company held 8 fixed maturities with unrealized capital losses in excess of $10.0. The unrealized capital losses on these fixed maturities equaled $118.2, or 17.7% and $206.3 or 11.7% of the total unrealized capital losses, as of December 31, 2009 and 2008, respectively.
51
10K
5438
795
In January 2016, FASB issued ASU 2016-01, "Financial Instruments - Overall: Recognition and Measurement of Financial Assets and Financial Liabilities," which requires equity investments to be measured at fair value with changes in fair value recognized in net income, requires public business entities to use the exit pr...
236
10K
nl_ing_grp-AR_2012
2,375
Real estate investments 381 –23 –8 350 Financial assets and liabilities at fair value through profit and loss –725 –366 1 9 –6 –1,087 Deferred acquisition costs and VOBA 2,731 –147 166 –1,301 –98 1,351
35
annual_report
5340
5,182
For Legacy Investments, our business strategy is to maximize liquidity to AIG Parent and minimize book value impairments while sourcing for our insurance companies attractive assets for their portfolios. Where the asset is under AIG’s sole control, we expect to achieve this through a combination of unaffiliated and aff...
87
10K
3660
810
In accordance with the Company’s 1992 Incentive Plan, the Board of Directors was authorized to grant up to 1,800,000 stock options or share awards. The Board of Directors may grant: (a) incentive stock options within the meaning of Section 422 of the Internal Revenue Code; (b) non-qualified stock options; (c) performan...
294
10K
PhoenixGroupHoldingsPLC-AR_2017
1,513
Policy and operation – Executive Directors are expected to retain all shares (net of tax) which vest under the DBSS and under the LTIP (or any other discretionary long-term incentive arrangement introduced in the future) until such time as they hold a minimum of 200% of their base salary in shares.
51
annual_report
gb_prudential-AR_2006
3,567
Investment contracts form a relatively small part of the Group’s long-term business as demonstrated by the carrying value of policyholder liabilities shown in the Group balance sheet.
27
annual_report
737
197
The Company sold a small subsidiary, Crabtree Premium Finance Company, a premium finance company which was not contributing to Company growth or service strategy. On February 27, 1998, most of the assets of this subsidiary were sold to Mepco Insurance Premium Financing, Inc. of Chicago, Illinois.
46
10K
NatwestGroupPLC-AR_2007
3,966
Group to a receivables trust. The Group continues to be exposed to the risks and rewards of the transferred receivables through its right to excess spread (after chargeoffs ). The SPE is consolidated and the credit card receivables remain on the Group’s balance sheet.
44
annual_report
fr_axa-AR_2000
3,618
In addition to the amortization of goodwill, AXA also has amortization expense related to value of purchased business in-force (VBI), which relates specifically to the Life and Savings Segment, see note 6 “ Business Combinations”
35
annual_report
CNPAssurancesSA-AR_2005
57
Concerning policyholders, several important developments took place in 2004. In particular, the Cour de Cassation, France’s supreme court, handed down four rulings confirming that, unlike certain investment products sold by banks, insurance contracts by definition contain an element of risk. These rulings make our tran...
90
annual_report
5389
7,430
The amortized cost and fair value of fixed maturity AFS securities by contractual maturities (in millions) as of December 31, 2017, were as follows:
24
10K
HiscoxLtd-AR_2005
1,376
33 Contingencies and guarantees The Company and its subsidiaries are, like all other insurers, continuously involved in legal proceedings, claims and litigation in the normal course of business. The Group does not believe that such actions will have a material effect on its profit or loss and financial condition.
49
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012
1,842
Munich Re Group Annual Report 2012 4 Investments in affiliated companies and associates
13
annual_report
4589
1,109
The segment had favorable loss development of $25.4 million in 2012, compared to $11.3 million in 2011 and $7.2 million in 2010. The 2012 development consisted of $18.0 million for surety and $7.4 million for credit. In all three years, the favorable development related to lower than expected reported loss development ...
59
10K
AegonNV-AR_2006
2,225
The amendments to IAS 21 broadens the defi nition of net investment so that monetary items no longer need to be denominated in either the functional currency of the parent company or the functional currency of the foreign operation. Also, the new standard clarifi es that monetary items resulting from transactions betwe...
56
annual_report
4221
4,765
There are numerous factors, some of which are outside our control, which could have a material impact on our business. We have described these factors in detail under the heading “Risk Factors.” Certain of these factors, which include market conditions, legal and regulatory changes, operational risk and interest rate r...
57
10K
SwissReAG-AR_2016
4,884
We have been engaged to perform assurance procedures to provide limited assurance on the consolidated CO2 emissions reporting and CR topics and sections disclosed with the 2016 Swiss Re Corporate Responsibility Report (“CR Report 2016”).
35
annual_report
2624
982
Weighted average discount rate 5.75% 6.25% Rates of increase in compensation level 3.75 4.00 Expected long-term rate of return on assets 8.25 8.50 ___________________________________________________________________________________
24
10K
SwissReAG-AR_2014
746
in the previous year. Both periods benefited from a better than expected natural catastrophe experience and favourable prior-year reserve developments.
20
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2003
1,743
Acquisition of own shares – – – – – – – –223 –223
13
annual_report
4055
885
of changes in fair value is recorded within “Asset administration fees and other income.” In addition, investments classified as available for sale are subject to impairment reviews to identify when a decline in value is other-than-temporary. For a discussion of our policies regarding other-than-temporary declines in i...
69
10K
5472
2,324
The following table presents stock based compensation costs and the effect of deferring such costs as policy acquisition costs, pre-tax. Amortization of previously deferred stock compensation costs is not shown in the table below.
34
10K
ch_zurich_insurance_group-AR_2017
3,027
Revenues/(expenses) not included in BOP: Net capital gains/(losses) on investments and impairments, net of policyholder allocation 972 499 238 155 35 19 (55) 23 10 168 1,201 863 Net gains/(losses) on divestment of businesses 1 (96) (134) 7 47 – – 5 (2) – – (84) (89)
47
annual_report
3288
1,057
•Income from continuing operations rose to $672 million ($2.10 diluted net income per share) from $447 million ($1.33 diluted net income per share). 2007 income from continuing operations included currency translation gains of $0.06 per share, compared to currency translation losses of $0.04 per share in 2006.
47
10K
4987
1,049
We lease certain manufacturing, warehouse, retail and office facilities as well as certain equipment. Rent expense for all operating leases was $1,484 million in 2014, $1,396 million in 2013 and $1,401 million in 2012. Future minimum rental payments or operating leases having initial or remaining non-cancellable terms ...
59
10K
NatwestGroupPLC-AR_2009
1,353
Performance ratios Return on equity (1) (13.3%) 10.1% Net interest margin 1.87% 1.89% Cost:income ratio 72.8% 68.8%
17
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2012
1,334
Turbulent capital markets and low interest rates are causing clients to seek greater investment security. Given the low-interest-rate environment, we will meet our customers ’ need for guaranteed benefits through the creation of new products by our life primary insurers. These will offer not only a certain participatio...
65
annual_report
1899
327
Amortization of DPAC was $81.8 million for 2002, an increase of $19.7 million, or 31.7%, from $62.1 million reported in 2001. The increase was primarily attributable to higher amortization of $17.2 million on the FPVA product due to an acceleration of amortization subsequent to a decline in variable annuity assets unde...
166
10K
LloydsBankingGroupPLC-AR_2014
1,453
– Tender presentations. All three of the firms were invited to present their audit proposition to a Selection Committee. The Selection Committee was comprised of Mr Luff, Ms Fairbairn and Ms Frew. A number of the Board members were also in attendance for these presentations.
45
annual_report
1215
192
(a) Represents the sum of general net premiums earned, life premium income, net investment income, financial services commissions, transaction and other fees, asset management commissions and other fees, equity in income of minority-owned insurance operations, and realized capital gains (losses). Commencing in 1997, ag...
135
10K
5718
5,119
The 5.75% Notes and 9% Debentures are obligations of our holding company, MGIC Investment Corporation, and not of its subsidiaries.
20
10K
5187
790
Consolidated short-term investments increased in 2015 compared with 2014 as a result of higher net purchases of short-term investments at the parent company level. The decrease in short-term investments in 2014 compared with 2013 resulted from the Company's investment mix shift toward longer-term holdings.
44
10K
5483
2,694
million. This represents an impact of 13.7 percent relative to recorded net loss and loss expense reserves of approximately $3.5 billion.
21
10K
1575
453
Annual maturities of borrowings from FHLB as of December 31, 2000 are as follows (in thousands):
16
10K
4597
490
Income Tax Expense. The Company was a pass-through entity for federal income tax purposes through June 10, 2011. As a result, no income tax provision has been included in these consolidated financial statements through June 10, 2011, as the related income or loss of the Company was required to be reported by the respec...
106
10K
gb_lloyds_banking_grp-AR_2018
3,467
Active engagement with regulatory bodies and other stakeholders to develop understanding of concerns related to customer treatment, effective competition and market integrity, to ensure that the Group’s strategic conduct focus continues to meet evolving stakeholder expectations.
36
annual_report
HannoverRueckSE-AR_2008
320
Our portfolio here is composed principally of property business, which we further diversified in the year under review. Lines such as personal accident, crop and livestock insurance, motor with limited liability as well as structured covers were systematically expanded. Overall, we observed sustained demand in the year...
88
annual_report
LloydsBankingGroupPLC-AR_2002
198
Profit before tax from UK Retail Banking and Mortgages decreased by £33 million to £1,172 million, compared with £1,205 million in 2001.
22
annual_report
4245
1,608
For the year ended December 31, 2010, our actuarial firm determined range of loss and LAE reserves on a net basis range from a low of $55.0 million to a high of $80.1 million, with a best estimate of $63.2 million. The Company’s net loss and LAE reserves are carried at $57.6 million. The Company’s point estimate for it...
117
10K
INGGroepNV-AR_2020
2,637
▪ Our leadership plays an active role in offering an environment of open communication and challenge; ▪ Having a robust risk management framework is key; ▪ Managing non-financial risk is as important as managing financial risk; ▪ We take time to learn from best practices and incidents from the past; ▪ We all are accoun...
67
annual_report
4496
784
At December 31, 2011, our minimum future lease payments under non-cancellable operating leases are:
14
10K
AssicurazioniGeneraliSpA-AR_2016
1,593
Balance sheet Income statement Statement of comprehensive income Statement of changes in equity Statement of cash flow (indirect method)
19
annual_report
AegonNV-AR_2002
1,249
Commissions and profit sharing from reinsurers —253 —138 — —391 Banking and other activities — — 125 125
18
annual_report
nl_ing_grp-AR_2012
528
ING NL continued to broaden its Duurzaam Spaarbeleid (sustainable savings policy), which provides consumers with simplified, transparent savings products. It has been integrated in our broader Customer Suitability Programme.
29
annual_report
NatwestGroupPLC-AR_2019
2,632
 There is no EAD model for Personal loans. Instead, debt flow (i.e. combined PD x EAD) is directly modelled.
20
annual_report
4814
524
As of the year ended December 31, 2013, 39.9% of the fixed income securities, including treasury bills, bankers’ acceptances, government bonds and corporate bonds had contractual maturities of five years or less. Actual maturities may differ from contractual maturities because certain issuers have the right to call or ...
155
10K
3459
1,422
Federal income tax is less than the amount computed by applying the statutory rate of 35% for the years ended December 31 for the following reasons:
26
10K
2637
1,207
One of the Company's principal assets through its ownership of IAHC, is the shares of capital stock of Independence American. The Company may rely on dividends from Independence American to meet its obligations for paying principal and interest on outstanding debt obligations, dividends to stockholders and corporate e...
114
10K
gb_lloyds_banking_grp-AR_2004
986
Social security costs 140 143 Other pension costs (note 45) 338 353
12
annual_report
StandardLifeAberdeenPLC-AR_2008
211
EEV operating profit after tax EEV operating profit after tax increased by 5% to £649m (2007: £617m). The attributable tax rate was 30% in 2008 (2007: 30%).
27
annual_report
3152
1,416
2006 to 2005 Annual Comparison. Adjusted operating income decreased $116 million, from $202 million in 2005 to $86 million in 2006. Adjusted operating income from corporate operations decreased $86 million, from $97 million in 2005 to $11 million in 2006. Corporate operations investment income, net of interest expense,...
232
10K
249
534
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Citizens Security Group Inc. and Subsidiaries December 31, 1995, 1994 and 1993
17
10K
4500
3,639
The Connecticut Department of Insurance (“CTDOI”) permits PRIAC to pledge up to $2.6 billion in qualifying assets to secure FHLBB borrowings through December 31, 2011. PRIAC must seek re-approval from CTDOI prior to borrowing additional funds after that date. Based on available eligible assets as of December 31, 2011, ...
74
10K
ScorSE-AR_2011
5,826
“Green House Gas Protocol”:  “Scope 1”: direct emissions induced by the combustion of fossil energy. From premises to premises, these emissions are generated by the consumption of fuel (heating and backup generator) and the use of a fleet of vehicles,
41
annual_report
StandardLifeAberdeenPLC-AR_2008
621
Demographic and expense The risk that arises from the inherent uncertainties as to the occurrence, amount and timing of future cash flows due to demographic and expense experience differing from that expected, which for the purpose of risk management includes liabilities of insurance and investment contracts.
46
annual_report
StorebrandASA-AR_2004
1,317
In the group’s banking and asset management activities, bonds held as current assets not intended for short-term trading are valued as a single portfolio at the lower of purchase cost and market value.
33
annual_report
NatwestGroupPLC-AR_2014
5,441
Agency business within CIB. Tightening of credit spreads in Europe and long dated spreads in the US also contributed to decrease in fair values.
24
annual_report
TrygAS-AR_2005
94
With all non-Nordic business finally divested or discontinued, we have focused our efforts on the Nordic market. Based on providing products that offer peace of mind, we consolidated our market position in the
33
annual_report
4240
1,619
A third approach stratifies loans into debt service coverage buckets and uses default probabilities implied by a third-party default study for each bucket to project defaults. The implied defaults are converted into losses using a loss severity assumption. This approach relies on year-end financial statements at the pr...
112
10K
3376
1,205
In the ordinary course of business and in accordance with general insurance industry practices, the Company purchases excess of loss reinsurance to protect the Company against the impact of large and/or catastrophic losses in its workers’ compensation business. Additionally, the Company is a party to a 100% quota share...
122
10K
ScorSE-AR_2008
2,595
20.1.6.22 NOTE 22 – OTHER OPERATING AND ADMINISTRATIVE EXPENSES In EUR million 2008 2007
14
annual_report
4342
1,209
The primary sources of cash flow for Argo Group and its subsidiaries are premiums, reinsurance recoverables, proceeds from sales and redemptions of investments and investment income. The primary cash outflows are claim payments, loss adjustment expenses, reinsurance costs and operating expenses. The nature of insurance...
169
10K
gb_lloyds_banking_grp-AR_2002
367
Excluding the impact of acquisitions, staff numbers decreased by 4,191. This is significantly in excess of the targeted net reduction of 3,000 staff.
23
annual_report
PhoenixGroupHoldingsPLC-AR_2013
1,251
As explained in the Directors’ Remuneration Policy, the Executive Directors are subject to share ownership guidelines.
16
annual_report
3833
6,955
During 2006, AFG repurchased $43.5 million of its 7-1/8% debentures due 2009 for $45.6 million in cash.
17
10K
gb_prudential-AR_2011
5,836
Underwriting The process of examining, accepting or rejecting insurance risks, and classifying those accepted, in order to charge an appropriate premium for each accepted risk.
25
annual_report
PosteItalianeSpA-AR_2019
9,002
i. Complaint of 2 January 2019, lodged by shareholder Tommaso Marino, concerning the alleged financing of three Casaleggio Associati reports by the Poste Group, news also reported in the “Huffington Post.it” article of 13 November 2018, to which Mr Marino refers in the complaint. In particular, Mr. Marino asked the Boa...
85
annual_report
AvivaPLC-AR_2008
1,975
Separate opinion in relation to IFRSs As explained in the Accounting Policies to the Group financial statements, the Group, in addition to complying with its legal obligation to comply with IFRSs as adopted by the European Union, has also complied with the IFRSs as issued by the International Accounting Standards Board...
51
annual_report
2013
766
Total unrealized losses on derivatives in the investment portfolio decreased Wealth Management net investment income by $106 million for the year ended December 31, 2002, as compared to a total reduction of $84 million for the year ended December 31, 2001. The majority of the derivative instruments swap fixed for float...
134
10K
HannoverRueckSE-AR_2020
3
Equalisation reserve and similar provisions 3,771.4 +22.6% 3,077.4 2,866.8 2,892.1 3,058.0
11
annual_report
NatixisSA-AR_2010
5,419
BANQUE FRANCO LAO Lending institution/Bank EM 20 11 0 0 France
11
annual_report
SwissLifeHoldingAG-AR_2003
429
There are no mutual cross-directorships with listed companies. Information on further directorships held by individual members of the Swiss Life Holding Board of Directors with other listed companies can be found in the following section.
35
annual_report
PhoenixGroupHoldingsPLC-AR_2015
1,063
The overall weightings between Corporate and Personal performance measures for AIP in 2016 are unchanged from 2015: Ɛ Corporate (financial and strategic) performance measures – 70%.
26
annual_report
gb_prudential-AR_2012
1,006
Risk and capital management adverse for Prudential, including potentially that a signifi cant increase in capital may be required to support its business and that Prudential may be placed at a competitive disadvantage to other European and non-European fi nancial services groups. Prudential is actively participating in...
89
annual_report
gb_lloyds_banking_grp-AR_2015
1,438
Conclusion: Management continues to take satisfactory action in addressing the risks arising from these key lending portfolios, and the Committee will continue to review these core aspects of the Group’s business during the course of 2016.
36
annual_report
90
198
(c) Net realized gain or loss on investments is determined on the basis of specific identification.
16
10K
gb_prudential-AR_2013
2,414
The revision to the assumption relating to expected returns altered the pension costs by an insignificant amount, with a corresponding equal and opposite effect on the actuarial gains and losses included in other comprehensive income.
35
annual_report
743
319
Insurance premium income is recognized on a monthly pro rata basis over the respective terms of the policies in-force and unearned premiums represent the portion of premiums written which is applicable to the unexpired terms of the policies in-force.
39
10K
HannoverRueckSE-AR_2014
749
The Hannover Re Group employed 2,534 staff as at 31 December 2014 (previous year: 2,419). The turnover ratio at Home Office in Hannover of 1.5% (2.8%) was well below the level of the previous year. The rate of absenteeism – at 3.6% – was slightly higher than in the previous year (3.4%). The turnover ratio and rate of a...
72
annual_report
NatwestGroupPLC-AR_2016
6,110
Credit valuation adjustments are made when valuing derivative financial assets to incorporate counterparty credit risk.
15
annual_report
4464
1,016
Pursuant to the terms of shareholder agreements with noncontrolling shareholders in certain of our other less than wholly-owned subsidiaries, we may be obligated to acquire their equity ownership interests. The consideration payable for such interests is generally based on the fair value. If we acquired all such outsta...
95
10K
NatixisSA-AR_2010
4,520
Unrecognized past service cost 11 27 38 * Of which -€35 million related to a funding surplus.
17
annual_report
NatixisSA-AR_2008
258
Member, Compensation Committee First appointment: 06.03.2009 Term expires: 2012 AGM (3)
11
annual_report
SwissLifeHoldingAG-AR_2019
196
Assets under management by Swiss Life Asset Managers came to CHF 254.4 billion at the end of 2019. Assets from insurance business climbed by around CHF 9.9 billion to CHF 171.4 billion. Due to the long-term nature of its liabilities, Swiss Life invests especially in fixed-income securities, which at the end of 2019 mad...
81
annual_report
NatixisSA-AR_2016
4,366
items (2)) and the 3% increase in Specialized Financial Services Corporate & Investment Banking (+11% excluding non-recurring the 4% decrease in Investment Solutions, the 9% increase for up (+11%) in all segments.
32
annual_report
fr_axa-AR_2008
1,144
Net investment result decreased by €28 million (–7%) to €352 million. On a constant exchange rate basis, net investment result increased by €14 million (+4%) as a result of increased average returns (higher bond yields) offset by lower asset base reflecting the current market conditions and the payment of claims relate...
55
annual_report
gb_prudential-AR_2013
968
— A 100 basis points increase in credit spreads would reduce surplus by £1.3 billion and reduce the economic solvency ratio to 254 per cent.
25
annual_report
1115
660
The Company also faces the risk that one or more of its external suppliers of goods or services ("third party providers") will not be in a position to properly interact with the Company due to the inability of such third party provider to resolve its own Y2K issues. The Company has completed an inventory of its third p...
142
10K