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NatwestGroupPLC-AR_2005
1,563
Long term incentives consist of the following components: • The two grants made under the Citizens Phantom 2000 Plan vested on 1 January 2005 and 1 January 2006, respectively. The value of units at the time of vesting is performancelinked and is based on the cumulative economic profit generated by Citizens, the trend i...
101
annual_report
614
207
of mortgage loans. MBSs generally pay principal and interest monthly. The amount of principal and interest payments may fluctuate as a result of prepayments of the underlying mortgage loans.
29
10K
RSAInsuranceGroupPLC-AR_2018
1,060
Independent Director and Chair of the Audit Committee of Worldpay Group plc, non-executive director and
15
annual_report
4504
1,583
The ratio of reinsurance premiums ceded to gross premiums written for the year ended December 31, 2010 was 26.3% compared to 34.9% for the year ended December 31, 2009. The decrease was principally due to the inclusion of the former Harbor Point business from May 12, 2010 at a lower ratio of ceded to written premiums, ...
91
10K
fr_axa-AR_2006
3,572
The Asset Management Segment’s products and services include diversified asset management (including mutual fund management) and related services, which are provided to a variety of institutional clients and individuals, including AXA’s insurance companies.
33
annual_report
4017
1,584
In circumstances where the underlying investments are publicly traded, such as the investments made by hedge funds, the fair value of the underlying investments is determined using current market prices. In circumstances where the underlying investments are not publicly traded, such as the investments made by private e...
152
10K
4888
852
Other income increased $5.4 million, or 4.8%, for the year ended December 31, 2014, as compared to the year ended December 31, 2013, primarily due to higher volume in the service contract and GAP product lines.
36
10K
692
291
See Note 6 for a discussion of financial instruments with off-balance sheet risk.
13
10K
ASRNederlandNV-AR_2018
4,162
In 2018 the liquidity risk table has been updated for better understanding of the future cash flows. Additional time buckets were added to increase granularity. The comparative figures have been adjusted accordingly.
32
annual_report
AvivaPLC-AR_2014
4,988
Directive is 1 January 2016. Solvency II represents a significant change in the prudential regulation of insurers and insurance groups and, as a result, generates a number of material risks including, in particular, the following: There continue to be material uncertainties around the impact of the more detailed techni...
583
annual_report
3734
2,006
•On February 25, 2009, we announced that our shareholder dividend was being revised to $.20.
15
10K
4115
1,205
beneficial interests held by a transferor in securitized financial assets, to be similar to the impairment model of debt and equity securities. In determining other-than-temporary impairments on the aforementioned interests, this guidance permits the use of reasonable management judgment on the probability that the hol...
94
10K
NatixisSA-AR_2007
1,768
RMBS (Residential Mortgage Backed Securities). In addition to an integrated origination, structuring, trading and marketing platform, we also offer warehousing capacity for clients seeking to divest exposure.
27
annual_report
AegonNV-AR_2016
235
Aegon Insights Full range of direct insurance solutions from product design, customer analytics insights, marketing campaign design and multi-channel product distribution to policy administration and claims management.
27
annual_report
4523
1,983
$400 million in dividends from the AIA SPV, representing the proceeds from the sale of shares of AIA held by the AIA SPV to an AIG Property Casualty subsidiary;
29
10K
679
512
HSBIIC is involved in three arbitration or litigation proceedings regarding the extent to which certain explosion events are insured under boiler and machinery policies of HSBIIC or under the all-risk property insurance policies issued by other companies. Management believes HSBIIC's policies do not provide coverage fo...
59
10K
3673
1,202
As a condition to continued authority to underwrite policies in the states in which the Company’s insurers conduct their business, the insurers are required to pay certain fees and file information regarding their officers, directors and financial condition. In addition, the Company’s escrow and trust business is subje...
55
10K
1657
3,906
employees of the Company participated in a stock appreciation rights (“SAR”)
11
10K
2313
1,149
The Other Operations historic book of business contains policies written from the 1940's to 1992, with the majority of the business spanning the interval 1960 to 1990. The Hartford's experience has been that this book of business has over time produced significantly higher claims and losses than were contemplated at in...
119
10K
SwissReAG-AR_2020
5,255
• Further aligned our activities to the SDGs, both in re/insurance and our investments, to better understand our societal impact (pages 15 and 47‒48).
24
annual_report
NatixisSA-AR_2002
1,168
Liquidity In terms of liquidity risks, the Capital Markets division refinances the needs of the different Natexis Banques Populaires activities, rebilling the liquidity cost.
24
annual_report
Sampoplc-AR_2008
973
The proportion of Nordea shares corresponds to 59 per cent of the total equity portfolio of Sampo Group (69 per cent from the direct equity investments), and thus the equity portfolio of Sampo Group is concentrated on the banking sector. The equity portfolios of insurance subsidiaries are more diversified as the larges...
66
annual_report
4356
2,253
In October 2005, the Company entered into a forward sale agreement under which it agreed to sell common shares to an affiliate of Citigroup Global Markets Inc., which affiliate is referred to as the forward counterparty, on settlement dates chosen by the Company prior to October 2008. On July 31, 2008, the Company amen...
71
10K
1572
702
American Safety is an insurance and financial services holding company whose principal assets are its investment portfolio and its investment in the capital stock of its subsidiaries. American Safety’s ability to pay dividends to its shareholders will depend, to a significant degree, on the ability of the Company’s sub...
53
10K
PowszechnyZakladUbezpieczenSA-AR_2020
403
The operation of the markets where the PZU Group is a player is also affected in the short and long term by the social and economic consequences of the pandemic. Certain lines of business experienced this impact immediately. Notably, travel insurance was the first area to take a punch. In the initial phase of the pande...
76
annual_report
NatixisSA-AR_2002
432
Group by issuing paper on the euro and dollar markets. In 2002, euro-denominated bond issues totaled EUR600 million and issuance of dollar denominated bonds amounted to USD500 million.
28
annual_report
de_allianz-AR_2010
301
The following requirements and objectives apply to the composition of Allianz SE’s Supervisory Board: I. Requirements relating to the individual members of the Supervisory Board 1. General selection criteria: – Managerial or operational experience – General knowledge of the insurance and financial services business – W...
75
annual_report
ch_zurich_insurance_group-AR_2018
531
e Group Policy manuals e Business/Region/Function management rules e Business/Region/Function Policies & Policy manuals
14
annual_report
2570
464
Workers' compensation claim severity has increased significantly over the past five years, with the projected ultimate average claim amount increasing approximately 72 percent over the five year period. An increase of this magnitude has made the establishment of adequate case reserves challenging. A review of claim dat...
100
10K
2358
781
• Timing - The company implemented homeowner rate increases in its larger states in late 2003 and early 2004. As a result, the impact of these rate changes will accumulate into 2007, because approximately one-third of the three-year policies written before late 2003 come up for renewal each year.
49
10K
5825
1,667
Costs directly associated with the successful acquisition of mortgage insurance business, consisting of employee compensation and other policy issuance and underwriting expenses, are initially deferred and reported as deferred insurance policy acquisition costs ("DAC"). The deferred costs are net of any ceding commissi...
121
10K
SwissReAG-AR_1997
326
Operating ratio 1 refer to glossary for definition 2 whilst the combined ratio has remained the same, the claims ratio has increased and the expense ratio has decreased. 2 This results from the composition of a structured financial reinsurance treaty.
40
annual_report
4776
408
We currently lease approximately 23,000 square feet of office space at 360 Central Avenue, St. Petersburg, Florida 33701, in Suites 900 and 600. Our rental payments for the 9th and 6th floors, respectively, were $22.00 and $21.50 per square foot, and will increase each year through the final year, in which we will pay ...
141
10K
TrygAS-AR_2012
564
Capital and dividend distribution a) Proposed by the Supervisory Board for adoption by the annual general meeting.
17
annual_report
1246
377
Management expects that the OmniCare-MI corrective action plan, which has been implemented, will continue to stabilize that Plan. The Plan has successfully renegotiated certain major hospital provider contracts, including its most significant hospital contract, which was one of the major components of the corrective ac...
54
10K
4966
647
In fiscal 2013, the Company issued 8,573,594 shares of the Company's common stock in connection with the semi-annual issuance of shares under terms of the bridge-financing arrangement. The shares were valued at approximately $.01874 per share based on the average quoted closing price of the Company's stock for the 20-d...
60
10K
AegonNV-AR_2012
565
Aegon USA addresses equity market risk through product design, including robust analysis of the underlying funds allowed within a product, and by using hedging strategies. Variable annuity products also contain interest rate risk and policyholder behavior risk, which are handled similarly to those in fixed annuities.
46
annual_report
844
192
During 1995, 71.1% of total title-related revenue was generated from direct operations. The Company traditionally focused on direct operations because it retains the entire premium from each transaction and is able to generate additional sources of revenue by providing other title-related services.
42
10K
1691
422
Increases in loss reserves caused CIRCL's shareholder equity to become negative in the third quarter of 2001, and CIRCL is therefore insolvent and remained insolvent at December 31, 2001. Additionally, as CIRCL has not met its two key statutory requirements, management of CIRCL have been in contact wtih the Regulators ...
116
10K
2808
844
Individual annuity’s expense ratio for the year ended December 31, 2005 continued to benefit from the Company’s disciplined expense management and economies of scale in the variable annuity business. Additionally, individual annuity’s expense ratio continues to be one of the lowest ratios of general insurance expenses ...
81
10K
PowszechnyZakladUbezpieczenSA-AR_2011
436
Table 23. Written premium recognized by date of assuming insurance liability – non-life segment
14
annual_report
SwissReAG-AR_2016
1,125
̤ Secondary effects resulting from the potential insolvency of other reporting entities
12
annual_report
3451
1,734
The Company has reduced its liability for tax contingencies in each of the last three years due to the completion of Internal Revenue Service examinations.
25
10K
4583
891
See Note 11, "Fair Value Measurements" for the fair value disclosures of the U.S. and U.K. pension plan assets. The assets of our other international plans are primarily insurance contracts, which are measured at contract value and are not measured at fair value.
43
10K
3718
906
Our medical costs include payments to physicians, hospitals, and other providers for healthcare and specialty services claims. Medical costs also include estimates of medical expenses incurred but not yet reported, or IBNR, and estimates of the cost to process unpaid claims. We use our judgment to determine the assumpt...
129
10K
LloydsBankingGroupPLC-AR_2016
3,876
Interest payable on liabilities held at amortised cost 1.07 1.19 1.45 (5,289) (6,053) (7,949)
14
annual_report
gb_prudential-AR_2011
895
Shareholders’ net borrowings and ratings The Group’s core structural borrowings at 31 December 2011 totalled £3.6 billion on an IFRS basis, compared with £3.7 billion at 31 December 2010.
29
annual_report
2195
987
$32.35. The shares are included in the total repurchases through March 1, 2004, of 708,000. The purchase was approved by the Company's Board of Directors.
25
10K
4941
1,026
At December 31, 2014, goodwill and other long-lived assets represented 24% of total assets and 59% of total stockholders’ equity, compared to 27% and 61%, respectively, at December 31, 2013.
30
10K
4289
1,337
The amalgamation agreement contains termination rights for both the Company and Bayside. If Majestic Capital or Bayside terminates the amalgamation agreement under certain circumstances specified in the amalgamation agreement, Majestic Capital will be required to reimburse Bayside for up to $350,000 of the expenses Bay...
75
10K
5891
476
At December 31, 2020, our equity portfolio consisted of approximately 37 different large-cap stocks and 14 mutual and exchange traded funds. The largest single fund holding was 17.7% of the equity portfolio based on fair value and the top ten positions accounted for 65.8% of the equity portfolio. At December 31, 2019, ...
96
10K
NNGroupNV-AR_2013
2,561
FX primarily reflects open positions in investments held by Japan Life and Netherlands Life. This does not include any translation risk.
21
annual_report
3991
1,798
Included in the 2009 realized investment gains for equity securities was $370 million related to the sale of CNA’s holdings of Verisk Analytics Inc., which began trading on October 7, 2009 after an initial public offering. Since CNA’s cost basis in this position was zero, the entire amount was recognized as a pretax re...
62
10K
TopdanmarkAS-AR_2013
946
an indication of impairment, the book value is written down to its recoverable amount.
14
annual_report
fr_axa-AR_2018
3,852
Net operating income 1,640 2,645 994 (447) (4,620) 402 (559) (0) 55 4,573 Net loss on held for sale Group Life porfolio in Switzerland (d) - (428) - - - - - - (428) (428)
35
annual_report
gb_prudential-AR_2009
3,008
Total available capital resources of life assurance businesses on local regulatory bases – 5,362 5,362 1,053 2,758 1,410 10,583
19
annual_report
fr_axa-AR_2003
321
Executive Committee Members 0(1) C. Brunet was appointed member of the Management Board on February 26, 2003. 0(2) D. Duverne was appointed member of the Management Board on February 26, 2003. 0(3) C. Condron opted for the deferred payment of 25% of the fixed and variable components of his compensation. The amounts ind...
60
annual_report
AvivaPLC-AR_2009
3,551
Subordinated debt 6.125% £700 million subordinated notes 2036 689 £ — — — — 700 700 5.750% €800 million subordinated notes 2021 772 € — — — 773 — 773 5.250% €650 million subordinated notes 2023 593 € — — — 628 — 628 5.700% €500 million undated subordinated notes 480 € — — — — 483 483 6.125% £800 million undated subordi...
129
annual_report
2405
1,183
depreciation, and amortization, between our regulated and non-regulated subsidiaries, which reconciles to our consolidated statement of income and statement of cash flows (in thousands):
24
10K
839
420
s/BDO SEIDMAN, LLP - ------------------ BDO SEIDMAN, LLP February 17, 1998 Grand Rapids, Michigan
14
10K
NatixisSA-AR_2017
7,867
There were no transfers of securities between categories in 2016 or 2017.
12
annual_report
ScorSE-AR_2012
1,708
Chairman and Chief Executive Officer: - of Technip* until 27 April 2007 (retirement)
13
annual_report
AegonNV-AR_2007
3,276
Transactions in 2007: Purchase: 3 transactions, average price EUR 13.71 33,200
11
annual_report
1848
356
2001 was characterized by significant changes in the Company's investment portfolio. These changes were the result of the financial market environment as well as the Pooled Subsidiaries assumption through the Pooling Arrangement of the former Meridian Mutual business on July 1, 2001 and the October 1, 2001 change in th...
127
10K
fr_axa-AR_2008
3,204
Adjustment of transactions from accrued to cash basis (22,838) (18,780) (15,224)
11
annual_report
de_allianz-AR_2009
1,371
Third-party assets under management by geographic region as of December 31, 2009 (December 31, 2008) 3)
16
annual_report
5278
818
experience on longevity business, as compared to 2015. The increase in income in 2015 was primarily due to favorable traditional individual life mortality experience, compared to the prior year. Foreign currency exchange fluctuation in the Canadian dollar resulted in a decrease in income before income taxes of approxim...
58
10K
NatwestGroupPLC-AR_2015
485
• Inability to recruit or retain suitable staff: RBS is undergoing significant organisational change, the result of a need to implement new business strategies and respond to a changing external environment. The pace of change, coupled with the associated uncertainty, may cause experienced staff to leave and prospectiv...
94
annual_report
PosteItalianeSpA-AR_2020
7,396
Cost of goods and services 2,318 1,419 61.2 1,854 922 49.7
11
annual_report
130
341
$12,039,000 at December 31, 1995 is necessary under the more likely than not criteria required by FAS 109.
18
10K
2087
306
1. SIGNIFICANT ACCOUNTING POLICIES (continued) Adoption of FAS No.133 did not have a material effect on the Company's financial position or results of operations given the Company's limited derivative and embedded derivative holdings.
33
10K
3537
1,593
The significant increase in interest expense of $1,157,302 in 2007 compared to 2006 was a result of funds borrowed, of approximately $15,700,000, relating to the acquisition of Acap Corporation. Interest expense increased in 2006 also as a result of the acquisition. Prior to the acquisition, the Company had no outstand...
67
10K
3047
1,402
A significant portion of our Massachusetts premiums written is derived through the American Automobile Association Clubs of Massachusetts (AAA Clubs) affinity group marketing program. Direct premiums written by the AAA affinity group marketing program in Massachusetts were $675,904 or 36.3% of our total direct premiums...
112
10K
4851
2,713
For debt securities, the split between the amount of an other-than-temporary impairment recognized in other comprehensive income and the net amount recognized in earnings is driven principally by assumptions regarding the amount and timing of projected cash flows. For mortgage-backed and asset-backed securities, cash f...
105
10K
2900
1,372
The following table sets forth the effects of the restatement of the Company’s consolidated financial statements for each of the quarters in the years ended December 31, 2005 and 2004 (in thousands, except share amounts). (See Note 2).
38
10K
NatixisSA-AR_2015
8,782
In Moscow, the new Natixis offi ces offer easier access to disabled persons.
13
annual_report
4680
830
On a consolidated basis, the Company had net income attributable to common shareholders of $9.3 and $6.3 million in 2012 and 2011, respectively. In 2012, income before income taxes was $15.4 million compared to $7.8 million in 2011. The increase in income during 2012 was primarily attributable to an increase in investm...
53
10K
nl_ing_grp-AR_2013
2,523
19 AMOUNTS DUE TO BANKS Amounts due to banks includes non-subordinated debt due to banks, other than amounts in the form of debt securities.
24
annual_report
nl_ing_grp-AR_2018
2,357
The following table shows the effects of the reclassification and remeasurement of financial liabilities from IAS 39 categories into AC under IFRS 9.
23
annual_report
PhoenixGroupHoldingsPLC-AR_2010
113
the business comprises seven regulated life companies including well-known brands such as Phoenix, Pearl, Scottish Mutual, london life and NPI that have been acquired over a number of years. the Group is currently undertaking a programme of activity to further integrate its life companies in order to optimise economies...
54
annual_report
SwissReAG-AR_2006
180
Swiss Re Academy In October 2006, Swiss Re unified its global staff and client training under a single provider. The new Swiss Re Academy combines the 40-year experience of the Swiss Insurance Training Centre (SITC), one of the world’s leading insurance training centres, with the acclaimed Insurance Leadership Institut...
83
annual_report
4362
787
The accompanying consolidated financial statements were prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”) and include the accounts of the Company, its majority-owned subsidiaries, and variable interest entities in which the Company is deemed to be the primary beneficiary. Signifi...
145
10K
HannoverRueckSE-AR_2018
1,733
Hannover Re expects demand for insurance against agricultural risks to continue rising: the increasing need for agricultural commodities and foodstuffs as well as the growing prevalence of extreme weather events are generating stronger demand for corresponding reinsurance covers, particularly in emerging and developing...
118
annual_report
986
441
Effective July 1, 1997, the Company entered into a $100 million multi-year Catastrophe Equity Put ("CatEPut") option program. The CatEPut option enables the Company to sell up to $100 million of equity, through the issue of convertible Series B Preferred Shares to the option writers. The preferred shares can be redeeme...
169
10K
3172
1,015
At December 31, 2006, our investment portfolio had an unrealized loss of $2.0 million, representing 0.4% of the cost or amortized cost of the portfolio. The majority of the unrealized losses on fixed maturity securities at December 31, 2006 are interest rate related. Each security in our portfolio had a fair value that...
164
10K
fr_axa-AR_2012
1,469
Gross revenues increased by €378 million (+10%) to €4,150 million (1). On a comparable basis, gross revenues increased by €163 million (+4%) mainly driven by: ■ Personal lines (54% of the total gross revenues) were up 2% at €2,175 million. Motor was down 1% to €569 million due to increased competition both in the UK an...
75
annual_report
RaiffeisenBankInternationalAG-AR_2009
3,018
Liquidity risk – Risk that the bank could be unable to meet its current and future financial obligations in full or in good time. This arises from the danger that, e.g. refinancing can only be obtained at very disadvantageous terms or is entirely impossible.
44
annual_report
4092
584
At December 31, 2009, our fire and allied lines of business had recorded reserves, net of reinsurance, of $4,790, which represented 5.4% of our total net reserves. These lines of business comprise a substantial amount of the property exposures that we insure. Our allied lines of business covers losses primarily from wi...
104
10K
StandardLifeAberdeenPLC-AR_2017
3,866
 Level 3 – Fair values measured using inputs that are not based on observable market data (unobservable inputs)
19
annual_report
4782
5,195
The Company has agent receivables which are classified as financing receivables and which are reduced by an allowance for doubtful accounts. These trade receivables from agents are long-term in nature and are specifically assessed as to the collectibility of each receivable. The Company's gross agent receivables totale...
108
10K
4413
888
Our shareholders' equity was $4.63 billion at December 31, 2011, compared to $4.51 billion at December 31, 2010. The increase in the year ended December 31, 2011 of $115.5 million was attributable to net income, partially offset by share repurchase activity.
41
10K
2111
3,346
Market Value Change from Base (%) (61 .8)% (27 .6)% .0% .1% .7%
13
10K
HelvetiaHoldingAG-AR_2019
2,096
Derivative financial assets for hedge accounting 13.8 – – – – 13.8
12
annual_report
2081
457
We have also audited Schedule I of Pre-Paid Legal Services, Inc. as of December 31, 2002 and 2001 and for each of the three years in the period ended December 31, 2002. In our opinion, this schedule, when considered in relation to the basic financial statements taken as a whole, presents fairly, in all material respect...
61
10K
4831
927
To analyze the development patterns, we compile, to the extent available, long-term and short-term historical data for our Insurance Company Subsidiaries, organized in a manner which provides an indication of the historical development patterns. To the extent that the historical data may provide insufficient informatio...
110
10K
ch_zurich_insurance_group-AR_2007
727
The total amount of base salary and annual cash incentive awards earned under the Short-Term Incentive Plan for 2007 was USD 31.4 million. This comprised USD 11.3 million in base salaries and USD 20.1 million in annual cash incentive awards, which reflect the amounts to be paid in 2008 for 2007 performance. The annual ...
143
annual_report
3748
772
In the ordinary course of business, we cede and assume reinsurance with other insurers and reinsurers. We report balances pertaining to reinsurance transactions “gross” on the balance sheet, meaning that reinsurance recoverables on unpaid losses and LAE and ceded unearned premiums are not deducted from insurance reserv...
130
10K
5428
653
Income taxes recoverable increased $6.2 million to $9.5 million as of December 31, 2017, from $3.3 million as of December 31, 2016. The increase represents amounts due from taxing jurisdictions within one year and when income taxes payments exceed income tax liabilities. Income taxes recoverable as of December 31, 2017...
70
10K
fr_axa-AR_2007
6,540
the affirmative vote of the shareholders of the surviving corporation of a merger at an extraordinary general meeting. However, no general meeting of shareholders of the merged company is required in the case of a merger of a whollyowned subsidiary with its parent company.
44
annual_report
3615
1,247
For the year ended December 31, 2006, other-than-temporary impairments were primarily recorded on corporate fixed maturities, ABS and equity securities. There were no significant other-than-temporary impairments (i.e., $15 or greater) recorded on any single security or issuer.
37
10K