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4208
7,806
The Companies made cash contributions of $2.9 to their pension plans in 2010 and expect to make cash contributions of approximately $19.5 in calendar year 2011.
26
10K
ASRNederlandNV-AR_2011
536
The meetings are attended by the Chairman of the Executive Board and the Human Resources Director, who doubles as secretary of the Selection, Appointment & Remuneration Committee. The Committee solicits support and advice from control functions such as Risk Management, Compliance, Audit and Human Resources. Where neede...
61
annual_report
fr_axa-AR_1999
2,635
(a) Includes investment income, net of investment expenses and interest expense on short-term and long-term debt, and net realized investment gains or losses. (b) Includes the net result of premiums, insurance benefits and claims and commissions ceded under reinsurance contracts. (c) In 1999 and 1998, AXA used the weig...
68
annual_report
AegonNV-AR_2004
2,362
PROFIT SHARING AND REBATES 306 324 1Of which the balance of deposits and withdrawals is EUR (2,161) million. 2Of which the balance of deposits and withdrawals is EUR 1,037 million.
30
annual_report
4755
1,807
common stock of publicly traded companies, where the net asset value is not provided on a daily basis, and inactively traded common stocks. The significant unobservable inputs used in the fair value measurement of inactively traded common stocks classified as Level 3 include market return information, weighted using ma...
146
10K
RaiffeisenBankInternationalAG-AR_2016
2,338
The reduction in the net investment value in finance leases is mainly attributable to the sale of the leasing company in Poland. Write-offs on unrecoverable minimum lease payments also fell, to € 9,633 thousand (2015: € 65,618 thousand).
38
annual_report
StandardLifeAberdeenPLC-AR_2014
2,913
The shareholder and participating business exposure to investment property in Canada has been significantly reduced by the sale of the Group’s Canadian business on 30 January 2015. Information on the shareholder and participating business’ exposure to property markets due to the assets and liabilities of the Canadian b...
60
annual_report
fr_axa-AR_2018
3,091
The Group’s Property & Casualty (excluding Health) technical reserves represented 14% of the Group’s total technical reserves at the end of 2018 (9% at the end of 2017). Their breakdown by line of business was as follows: ■ 26 % at the end of 2018 (38 % at the end of 2017) of the Group’s Property & Casualty reserves co...
177
annual_report
gb_prudential-AR_2016
6,243
— Acquisition costs increased on a constant exchange rate basis by 8 per cent to £1,285 million in 2016, (AER: 19 per cent) compared to the 19 per cent increase in APE sales (AER: 33 per cent increase), resulting in a decrease in the acquisition costs ratio. The analysis above uses shareholder acquisition costs as a pr...
97
annual_report
3208
1,653
A decrease in net investment income of $1.7 billion, driven primarily by a $2.0 billion decrease in net investment income on the Company’s equity securities, held for trading. The underlying fund performance of assets supporting the Company’s Japanese variable annuity business was not as strong in 2006 as compared to 2...
110
10K
NatixisSA-AR_2020
9,913
With its strong and recognized expertise, Natixis' ambition in terms of ESR involves all of its business lines (Corporate and Investment
21
annual_report
NatwestGroupPLC-AR_2005
1,368
Preference share capital Details of issues of preference shares during the year and the authorised and issued share capital at 31 December 2005 are shown in Note 30.
28
annual_report
fr_axa-AR_2008
2,160
Date of the Management Board 09/05/2001 30/05/2001 (b) 27/02/2002 14/03/2003 14/03/2003 02/04/2003 (b) 26/03/2004 14/04/2004 (b) 29/03/2005
17
annual_report
5459
1,076
The Company recognized compensation expense from these plans of $801,000 ($521,000 net of tax), $788,000 ($512,000 net of tax) and $500,000 ($325,000 net of tax) in 2017, 2016 and 2015, respectively. Due to the historically small number of forfeitures, the Company has elected to recognize the reduction to compensation ...
55
10K
NNGroupNV-AR_2019
822
• Number of company dialogues and engagements conducted by NN IP analysts and ESG specialists: 662
16
annual_report
5604
1,884
PCA’s fixed maturity investments are available-for-sale because it would, from time to time, make sales of securities that are not impaired, consistent with its investment goals and policies. At December 31, 2018, PCA had gross unrealized losses on fixed maturity securities of approximately $531,000 as compared to gros...
140
10K
DirectLineInsuranceGroupPLC-AR_2017
1,250
The Long-Term Incentive Plan (“LTIP”) has two performance measures: Return on Tangible Equity (“RoTE”) (60% of the total award) and Total Shareholder Return (“TSR”) (40% of the total award).
29
annual_report
3967
709
Future changes in various factors, such as the amount of stock-based compensation we record during the period and the related tax benefit we realize upon the exercise of employee stock options, potential limitations on the use of our federal and state net operating loss credit carry forwards, pending or future tax law ...
110
10K
NatwestGroupPLC-AR_2015
158
Strategy The Board’s strategy for this bank is straightforward: a simpler bank focused on doing fewer things, and doing them well, built around a low risk UK and Irish retail and commercial bank; a stronger bank with a long term target of at least 13% CET1 ratio; and a fair bank that meets customers’ needs, with a targ...
74
annual_report
HannoverRueckSE-AR_2013
2,600
The total amount of the net reserve before specific value adjustments, to which the following remarks apply, was EUR 20,262.7 million (EUR 20,071.6 million) as at the balance sheet date.
30
annual_report
PosteItalianeSpA-AR_2015
982
In 2012, the Authority launched an investigation (A/441) regarding Poste Italiane SpA to establish whether the Company had abused its dominant position in the deregulated postal services market by not charging
31
annual_report
5461
536
AAC currently finances policies produced only through its sister company, Unifax. Consequently, AAC’s growth is primarily dependent on the growth of Crusader and Unifax business. Since July 2010, AAC has offered 0% financing on policies produced by Unifax for Crusader. Effective March 1, 2018, the annual percentage rat...
92
10K
INGGroepNV-AR_2006
2,472
Notional amount in original Interest rate Year of issue Due date currency Balance sheet value
15
annual_report
2027
221
The Company's agencies are primarily located in leased locations pursuant to leases expiring at various times through February 2016. The aggregate annual rental for the facilities is approximately $371,000. Two locations are owned by the Company.
36
10K
AvivaPLC-AR_2001
649
(103) (included within other technical charges) (22a) (64) (29) (21) Amortisation of goodwill on associated undertakings (13) –
18
annual_report
PowszechnyZakladUbezpieczenSA-AR_2015
596
323.1 million of which concerns direct business), credit and guarantee insurance (drop by PLN 100.0 million, -15.0%,
17
annual_report
4989
1,977
The carrying values of these guarantees can change significantly during periods of sizable and sustained shifts in equity market performance, equity volatility, interest rates or foreign currency exchange rates. Carrying values are also impacted by our assumptions around mortality, separate account returns and policyho...
48
10K
HannoverRueckSE-AR_2018
2,320
Life Invest Holding AG 7, Zürich / Schweiz 15.00 CHF 43,631 15,583
12
annual_report
SwissReAG-AR_2015
4,067
Coupled with these significant social, environmental and economic benefits for the farming families, the project generates massive greenhouse gas reductions. These come from three sources: less use of fossil fuels, prevention of methane release from animal waste and reduction of deforestation. On top of this, biogas di...
61
annual_report
4122
3,009
As of December 31, 2009, the weighted average life of the sub-prime residential mortgage portfolio was 4.1 years.
18
10K
SwissReAG-AR_1983
544
Fire insurance: Insurance against fire, lightning, explo­ sion and damage caused by falling aircraft; can also embrace Insurance against windstorm, earthquake, flood, other natural hazards, political risks (strike, riot, etc.) and loss of profits (business interruption) as a result of these events.
42
annual_report
ASRNederlandNV-AR_2013
1,096
3.4.5 Spread risk Spread risk arises from the sensitivity of the value of assets and liabilities to changes in the level of credit spreads on the relevant risk-free interest-rates. Spread risk relates to several types of assets: • fixed-income investments; • deposits; • savings-linked mortgage loans.
46
annual_report
1469
204
The valuation of the Company's common stock portfolio is subject to equity price risk. If market prices were to decrease 10%, the fair value of the common stock portfolio would decrease by an estimated $9.0 million, from $119.4 million to $110.4 million.
42
10K
SwissReAG-AR_2004
781
Financial year 2004 The business year was characterised by a sound technical result in stable reinsurance markets. The after-tax profit for the financial year based on the Swiss legal accounting regulations rose to CHF 1.4 billion, compared to CHF 1.2 billion in the previous year. This improved performance is a combina...
89
annual_report
3153
2,313
Future obligations are based on our estimate of future investment earnings, mortality, surrenders and applicable policyholder dividends. Actual obligations in any single year, or ultimate total obligations, may vary materially from these estimates as actual experience emerges. As described in Note 2 to our financial st...
159
10K
3961
1,809
Construction defect claims are a non-A&E exposure that has proven to have a greater degree of uncertainty when estimating loss and LAE using generally accepted actuarial methods than many other lines of business. OneBeacon’s general liability and multiple peril lines of business have been significantly impacted by a la...
410
10K
4206
1,127
As shown in the following table, income from operations for 2010 included $136 million of benefits related to adjustments to the reserves for the guaranteed minimum death and income benefit features of our variable annuity products and to our estimate of total gross profits used as a basis for amortizing DAC/DSI, compa...
70
10K
gb_prudential-AR_2005
2,380
Under UK GAAP, the Group applied the provisions of SSAP 24, ‘Pension Costs’. Consistent with the surplus financial position of the PSPS
22
annual_report
gb_prudential-AR_2019
4,209
Dividends�paid�in�reporting�year: Current�year�first�interim�ordinary�dividend 20.29¢ 526 20.55¢ 530 Second�interim�ordinary�dividend�for�prior�year 42.89¢ 1,108 43.79¢ 1,132
11
annual_report
gb_lloyds_banking_grp-AR_2018
1,691
B3. Time commitments Non-Executive Directors are advised of time commitments prior to their appointment and they are required to devote such time as necessary to discharge their duties effectively. The time commitments of the Directors are considered by the Board on appointment and annually, and following the most rece...
102
annual_report
2207
1,552
Cash flow requirements are also supported by a committed line of credit of $1.0 billion, through a syndication of banks including Fleet National Bank, JPMorgan Chase, Citicorp USA, Inc., The Bank of New York, The Bank of Nova Scotia, Fleet Securities, Inc. and JP Morgan Securities, Inc. The line of credit agreement pro...
126
10K
HannoverRueckSE-AR_2015
3,291
Retrocession (also: Retro): ceding of risks or shares in risks which have been reinsured. Retrocessions are ceded to other reinsurers in exchange for a pro-rata or separately calculated premium (cf. Gross / Retro / Net).
35
annual_report
5958
2,897
($ in millions) Carrying value Investment yield Carrying value Investment yield
11
10K
3970
644
As of December 31, 2009, NAICO had statutory earned surplus of $15.5 million. Applying the Oklahoma statutory limits described above, the maximum shareholder dividend NAICO may pay in 2010 without the approval of the Oklahoma Department of Insurance is $5.4 million. NAICO paid shareholder dividends to Chandler USA tota...
59
10K
2013
3,120
The following table sets forth the components of the net periodic pension cost for the year ended December 31 (in 000's)
21
10K
3577
2,912
our ability to increase the amount of new and renewal business written by The PMA Insurance Group at adequate prices or revenues of our fee-based businesses;
26
10K
RSAInsuranceGroupPLC-AR_2018
1,478
The non-audit fees for 2018 were £1.5 million, £0.9 million of which related to audit-related assurance services in respect of Solvency II reporting. The Committee considered that KPMG is best placed to complete the Solvency II assurance work given its knowledge and understanding of the business and IFRS reported posit...
83
annual_report
3266
727
Effective January 1, 2006 the Company changed its method of allocating capital to its segments from a method based upon regulatory capital requirements to one based on underlying economic capital levels. The economic capital model is an internally developed risk capital model, the purpose of which is to measure the ris...
184
10K
4182
1,479
The Company has reviewed its uncertain tax positions and has concluded that they are immaterial and that they did not require an adjustment to equity upon adoption of ASC 740-10.
30
10K
BaloiseHoldingLtd-AR_2007
2,710
The life insurance companies of the Baloise Group control their risks in relation to interest rate changes directly by means of suitably geared strategic asset allocation. In determining the asset allocation, in particular the factors of risk capacity and fi nanceability of the guarantees are taken into consideration. ...
84
annual_report
5581
946
We determine our deferred tax assets and liabilities based on the differences between the financial reporting and tax basis of assets and liabilities. The deferred tax assets and liabilities are measured using the enacted tax rates that will be in effect when the differences are expected to reverse. A valuation allowan...
138
10K
5946
834
operating loss deduction. The CARES Act amended the law for net operating losses generated in taxable years beginning after
19
10K
4437
891
$8 million in net favorable prior period reserve development on engineering business, primarily related to the 2007 through 2009 accident years and due to better than expected loss emergence.
29
10K
5921
480
Our underwriting expense ratio, which is a percentage of other underwriting expenses over net premiums earned, was 33.5 percent, 32.6 percent and 33.5 percent for 2020, 2019, and 2018, respectively. The increase in the expense ratio in 2020 as compared to 2019 was primarily due to our continued investment in technology...
108
10K
StandardLifeAberdeenPLC-AR_2015
3,761
Standard Life Investments GS (Mauritius Holdings) Limited Mauritius Ordinary Shares 99%
11
annual_report
AegonNV-AR_2017
4,441
The difference in the carrying value of investments in joint ventures of EUR 1,712 million (2016: EUR 1,614 million) and the total of the carrying value of joint ventures presented above of EUR 1,693 million (2016: EUR 1,598 million) relates to joint ventures with a negative carrying value of EUR 18 million (2016: EUR ...
62
annual_report
5520
819
The changes in net unrealized investment gains and losses are recorded net of deferred income taxes and other adjustments for assumed changes in deferred acquisition costs, value of insurance in force acquired, unearned revenue reserve and policyholder liabilities. Subsequent changes in the fair value of securities for...
76
10K
4580
1,013
The inactive, tax-qualified, defined-benefit pension plan covers employees of the Farm Family companies hired prior to January 1, 1997. Effective January 1, 1997, benefits through this plan were frozen, and no new participants have been added. American National also sponsors for key executives three non-tax-qualified p...
62
10K
HelvetiaHoldingAG-AR_2015
413
Risk management process and risk environment The key components of the Helvetia Group risk management process include the identification, analysis and management of risks, the monitoring of the success, effectiveness and appropriateness of the risk management measures, and reporting and communication. The risk manageme...
67
annual_report
de_allianz-AR_2019
1,566
(2019: 4.7 %), of which 4 % will come from our acquisitions in the United
15
annual_report
StandardLifeAberdeenPLC-AR_2019
3,561
Total assets at fair value 1,516 2,125 16 108 1,532 2,233 666 574 780 1,589 86 70
17
annual_report
SwissReAG-AR_1987
65
Special lines: Engineering, Aviation, Nuclear energy. Marine Executive Managers A. Bai*, H. Fischer, W. Künzle, J.W, Youngs Managers M.A. Bloesch, H. Hefti, R. Kellenberger, H. Luthi, O. Olsson, E. Stalder Member of Management H, TIedemann
35
annual_report
4632
1,259
For the year ended December 31, 2012, the frequency premiums earned increased by $84.2 million, or 23.4%, primarily as a result of our motor liability and motor physical damage contracts which increased net premiums earned by $101.3 million and $47.1 million, respectively. The increase in motor liability line includes ...
149
10K
2046
1,269
The business of insurance is primarily regulated by the states and is also affected by a range of legislative developments at the state and federal levels. The recent Financial Services Modernization Act of 1999 (the so-called Gramm-Leach-Bliley Act, or "GLBA") includes several privacy provisions and introduces new con...
103
10K
LloydsBankingGroupPLC-AR_2000
1,313
Designed by Starling Design/The Team. Printed in the UK by Burrups Ltd, St Ives plc.
15
annual_report
4441
1,591
Actively-Managed Volatility Adjustments - This component incorporates the basis differential between the observable implied volatilities for each index and the actively-managed funds underlying the variable annuity product. The adjustment is based upon historical actively-managed fund volatilities and historical weight...
41
10K
3607
1,826
Life provides retail and institutional investment products such as variable and fixed annuities, mutual funds, PPLI, and retirement plan services, individual life insurance and group benefit products, such as group life and group disability insurance. In 2007, Life changed its reporting for realized gains and losses, a...
79
10K
AvivaPLC-AR_2016
5,457
Number 1 Following a review of membership data, total members for 2015 have been restated. This has no impact on the net IAS 19 position for the UK schemes.
29
annual_report
RSAInsuranceGroupPLC-AR_2020
3,131
The estimated provisions for ultimate incurred losses change as more information becomes known about the actual losses for which the initial provisions were set up and as the rates of exchange change.
32
annual_report
gb_lloyds_banking_grp-AR_2005
1,425
Non-life insurance contract liabilities are analysed by line of business as follows: 2005 2004 £m £m
16
annual_report
5141
1,544
The techniques used to determine the fair value of the remaining invested assets are as follows:
16
10K
3830
904
Of the 14 equity securities in an unrealized loss position at December 31, 2008, 13 had been in a loss position for less than six consecutive months and eight had a loss that exceeded 10% of their cost. Three of these eight securities account for $92,618, or 80.3%, of total equity security losses of $115,366 and have l...
66
10K
StorebrandASA-AR_2012
2,108
STOREbRAND LIFE INSURANCE the company hedges most of the foreign exchange risk in the customer portfolios on an ongoing basis. Foreign exchange risk exists primarily as a result of investments in international securities, as well as subordinated loans in a foreign currency to a certain extent. Hedging is performed by m...
156
annual_report
nl_ing_grp-AR_2016
4,060
In 2016, financial assets were transferred out of Level 3 on the basis that the valuation is not significantly impacted by unobservable inputs.
23
annual_report
DirectLineInsuranceGroupPLC-AR_2018
1,396
Any payments relating to Paul Geddes’ departure will be in accordance with the Remuneration Policy approved by shareholders at the Company’s 2017 AGM and will be disclosed in the Directors’ Remuneration Report to be contained in the Company’s Annual Report and Accounts for the year ending 31 December 2019.
49
annual_report
SwissReAG-AR_2020
2,882
1 The LPP 2018 grant was based on a grant valuation share price of CHF 98.22 (as of 26 February 2018, ie the next trading day after publication of the 2017 annual results). 2 Since vesting of LPP 2018 will occur after the publication of this report, the closing share price at year-end 2020 was used to estimate the real...
61
annual_report
5928
701
As a result of the Individual Life Transaction, the net aggregate reduction in Total shareholders' equity, excluding Accumulated other comprehensive income ("AOCI"), would be in the range of $600 million to $800 million. The net aggregate reduction in Total shareholders’ equity, including AOCI, would be in the range of...
182
10K
2068
302
The Company is required to reduce DTAs (but not DTLs) by a valuation allowance if, based on the weight of available evidence, it is "more likely than not" (i.e., a likelihood of more than 50%) that some portion or all of the DTAs will not be realized. Recognition of a valuation allowance would decrease reported earning...
73
10K
TrygAS-AR_2006
1,750
11 contractual obligations, contingent liabilities and collateral 12 related parties balancE
11
annual_report
4722
1,958
Commission and Other Acquisition Expenses - The NGHC Quota Share, as amended, provides that the reinsurers pay a provisional ceding commission equal to 32.0% of ceded earned premium, net of premiums ceded by the personal lines companies for inuring reinsurance, subject to adjustment. The ceding commission is subject to...
80
10K
4228
953
Our reporting segments are comprised of the following: Unum US, Unum UK, Colonial Life, Individual Disability - Closed Block, and Corporate and Other. Financial information for each of the reporting segments is as follows.
34
10K
3763
787
We performed our annual impairment testing of goodwill as of January 1, 2008 and January 1, 2009. On both dates, the fair value of the insurance reporting unit exceeded its carrying value indicating that goodwill was not impaired. As of January 1, 2008, the fair value of MBIA-MISC also exceeded its carrying value indic...
121
10K
4654
844
Investment income decreased to $5.2 million for the year ended December 31, 2012, compared with $5.5 million for the year ended December 31, 2011. Our annualized portfolio yields for the years ended December 31, 2012, 2011, and 2010 were 0.5%, 0.6%, and 0.7%, respectively.
44
10K
gb_prudential-AR_2005
816
JNL’s financial strength is rated AA by Standard & Poor’s (negative outlook) and A1 by Moody’s.
16
annual_report
AdmiralGroupPLC-AR_2016
871
The roles of the Chairman and Chief Executive The Board has approved a statement that sets out the clear division of responsibilities between the Chairman and the Chief Executive. The Chairman is primarily responsible for the leadership and workings of the Board, setting its agenda, and monitoring its effectiveness. Th...
138
annual_report
3387
1,455
The contribution of the acquired Allstate business to adjusted operating income for 2007, excluding the impact of the annual review discussed above, consists of revenues of $383 million and benefits and expenses of $302 million. Revenues from the acquired business consisted primarily of policy charges and fees of $254 ...
107
10K
5321
1,885
Other limited partnership interests are comprised of private equity funds and hedge funds. The carrying value of other limited partnership interests was $6.8 billion and $7.1 billion at December 31, 2016 and 2015, respectively, which included $1.0 billion and $1.9 billion of hedge funds, at December 31, 2016 and 2015, ...
98
10K
5634
4,671
Based on historical premiums written in the locations noted above, rate changes approved for homeowners totaled $2 million and $3 million in 2018 and 2017, respectively. Rate changes were only approved in Texas in 2016.
35
10K
1897
409
As a holding company, the Company is dependent upon cash dividends from MNH to meet its obligations and to pay any cash dividends. MNH is subject to New Hampshire insurance laws which place certain restrictions on its ability to pay dividends without the prior approval of state regulatory authorities. These restriction...
160
10K
4508
614
Despite difficult market conditions, total revenues in 2011 of $3,447 million increased by $115 million, or 3%, compared to 2010. This included organic growth in commissions and fees of 2% driven by our International and Global operations. Our North America operations reported a revenue decline of 4%, including a 4% de...
85
10K
993
394
Merger expenses of $710,000 were incurred in 1996 in connection with the merger of Condor Services, Inc. with and into Amwest Insurance Group, Inc. No such costs were incurred during 1997.
31
10K
1979
922
The specialty risk management operations focus on specialty or niche insurance business in which the Company provides services and coverages that are tailored to meet the specific requirements of defined client groups and their members. This includes providing services, such as risk management consulting, claims handli...
70
10K
gb_prudential-AR_2016
573
— UK total operating profit was 31 per cent lower at £828 million. This decline reflects lower profit from new annuity business, down from £123 million to £41 million in 2016 as we scale down our participation in the annuity market, a lower contribution from management actions to support solvency, down from £400 millio...
82
annual_report
NatixisSA-AR_2010
4,590
Number of indexed shares in cash probable at the acquisition date
11
annual_report
nl_ing_grp-AR_2015
1,316
Repurchase of shares ING Group may repurchase outstanding shares and depositary receipts for such shares. Although the power to repurchase shares and depositary receipts for shares is vested in the Executive Board subject to the approval of the Supervisory Board, prior authorisation from the General Meeting is required...
84
annual_report
AegonNV-AR_2014
1,733
will not be effective until January 1, 2016, the draft Solvency II
12
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2010
1,224
Pandemic a further example of an overarching accumulation risk is a major pandemic. like other companies in the insurance industry, munich re would be exposed to risks resulting from a marked increase in mortality and morbidity and from disruptions in the capital markets. We counter this risk by analysing our overall e...
78
annual_report
2698
702
JP’s Consolidated Financial Statements and assessment of the effectiveness of our internal control over financial reporting as of December 31, 2004 have been audited by Ernst & Young LLP, an independent registered public accounting firm, as stated in their reports which appear on page 52 and page 51, respectively.
49
10K
gb_prudential-AR_2009
282
Effective tax rates The effective tax rate at an operating level was 28 per cent (2008: 26 per cent), the increase reflecting the inability to recognise a deferred tax asset on various tax losses of non-insurance operations being partially offset by a reduction in the effective tax rate for Asian operations from the 20...
106
annual_report
GjensidigeForsikringASA-AR_2019
882
Metric Target Delivered 2019 Combined ratio 1 86-89 % 2 83.6 %
12
annual_report