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de_allianz-AR_2019
4,675
Euler Hermes Serviços de Gestão de Riscos Ltda., São Paulo 100.0
11
annual_report
3192
1,020
Consolidated net investment income for the three years ended December 31, 2006, 2005 and 2004 was $208.7 ($155.1 after tax), $201.4 ($146.8 after tax) and $201.2 ($137.0 after tax), respectively. The effective tax rate on investment income for the three years ended December 31, 2006, 2005 and 2004 was 25.7%, 27.1% and ...
54
10K
1623
1,278
A description of the Company's major customer and related matters are discussed in Part I, Item 1, of this Report.
20
10K
fr_axa-AR_2002
660
(a) Proforma New French GAAP as if New French GAAP had been applied since January 1, 2000. (b) Gross premiums received from policyholders in respect of Life & Savings products which are classified as “universal life” or
37
annual_report
gb_lloyds_banking_grp-AR_2007
1,301
Statement from Wolfgang Berndt I am delighted to introduce the report of the board in relation to remuneration policy and practice.
21
annual_report
HannoverRueckSE-AR_2011
3,336
Straight­line depreciation is taken over the expected useful life – at most 50 years. Under the impairment test the market value of real estate for third­party use (recoverable amount)
29
annual_report
gb_lloyds_banking_grp-AR_2012
356
There are some clear customer trends emerging, but we recognize that every customer, whether an individual or an organisation, has particular needs and must be treated accordingly. Every customer has a choice and will select the provider that can most effectively service their personal needs.
45
annual_report
LloydsBankingGroupPLC-AR_2018
6,055
Financial assets at fair value through other comprehensive income/available‑for‑sale financial assets3 24,794 – 24,794 40,901 – 40,901
17
annual_report
fr_axa-AR_2019
4,314
Committee, and the Board of Directors (as required) on significant compliance matters. These include major regulatory changes that have compliance implications, results of the Compliance
25
annual_report
INGGroepNV-AR_2018
1,041
We value the accuracy and reliability of all information and data in this report, both financial and non-financial. Therefore assurance for the non-financial information in the Report of the Executive
30
annual_report
ch_zurich_insurance_group-AR_2007
124
Energy and its long-term future also raise alarms, particularly perceived risks to energy security and risks from global climate change. Energy is a key input to the global economy, but a safe, secure and sustainable supply is increasingly problematic. It is why Zurich has taken action on the climate issue, and why we ...
75
annual_report
AegonNV-AR_2006
1,631
Streppel, Van der Werf and Wynaendts, their benefits would be 70 percent of their final salary, provided they have completed 37 years of service. In addition, the arrangements include entitlements to a pension in the event of disability and a pension for spouse or
44
annual_report
4615
631
We have audited the accompanying consolidated balance sheet of Universal Insurance Holdings, Inc. and Subsidiaries (the “Company”) as of December 31, 2011, and the related consolidated statements of income, stockholders’ equity and cash flows for each of the years in the two-year period ended December 31, 2011. The Com...
73
10K
4470
1,037
The Company’s liability for future policy benefits also includes other net liabilities for guarantee benefits related to certain nontraditional long-duration life and annuity contracts, which are discussed more fully in Note 7 to the Financial Statements.
36
10K
AegonNV-AR_2006
2,816
AEGON USA provides an array of life and annuity reinsurance solutions in the United States, Asia, and Latin America.
19
annual_report
5512
1,752
Book Value per Diluted Share excluding accumulated other comprehensive income ("AOCI")- is calculated based upon a non-GAAP financial measure. It is calculated by dividing (a) common stockholders' equity, excluding AOCI, after tax, by (b) common shares outstanding and dilutive potential common shares. Book value per di...
114
10K
HelvetiaHoldingAG-AR_2018
422
What is the impact of the low interest rates at present? The persistently low interest rates pose a major challenge for the life insurance business, in particular. In order to avoid negative interest rates on Swiss franc bonds to the greatest extent possible, Helvetia has further diversified its bond portfolio and incr...
97
annual_report
INGGroepNV-AR_2017
1,208
Changing role Our role as Supervisory Board has changed in recent years. We see that committee meetings are becoming more important as more topics are being dealt with by the different committees, involving more in-depth discussions. This is due to the rapid pace of change in areas like digitalisation and customer beha...
96
annual_report
INGGroepNV-AR_2020
5,250
Reference is made to Note 34 ‘Segments’ which includes net fee and commission income, as reported to the Executive Board and the Management Board Banking, disaggregated by line of business and by geographical segment.
34
annual_report
4338
1,752
The following table summarizes the underwriting results and associated ratios for the U.S. insurance segment for the years ended December 31, 2011, 2010 and 2009.
25
10K
4022
1,741
For additional information regarding our investment and OTTI policies refer to the Investment section within Critical Accounting Policies of Management’s Discussion and Analysis. Refer to Note 3 - Investments, for additional information specific to OTTI and their fair value and amount of unrealized losses segregated by...
58
10K
de_allianz-AR_2006
1,441
Financial assets designated at fair value through income are recorded at fair value with changes in fair value recorded in net income for the period. A financial instrumentmay only be designated at inception as held at fair value through income and cannot subsequently be changed.
45
annual_report
AvivaPLC-AR_2009
3,641
(ii) Future contractual aggregate minimum lease payments under non-cancellable operating leases are as follows: Within 1 year Later than 1 year and not later than 5 years Later than 5 years
31
annual_report
AvivaPLC-AR_2014
1,599
The Company must have an Audit Committee and at least one member must have recent and relevant financial experience. The Committee should be comprised of independent NEDs.
27
annual_report
gb_lloyds_banking_grp-AR_2000
1,228
The disclosures in this note cover all on-balance sheet financial instruments held in the trading book together with those held in the banking book for which there is a readily obtainable market price.
33
annual_report
2622
804
2. Under two retrocession agreements the Company has reinsurance protection on the remaining portion of reinsurance recoverables with respect to incurred losses seasoned as of June 30, 2004 to the extent that the Company does not receive payment of such amounts from applicable reinsurers with one agreement providing a ...
85
10K
3763
786
Goodwill within our investment management services operations was related to MBIA Municipal Investors Service Corporation (“MBIA-MISC”). MBIA-MISC’s fair value is estimated by using a multiple of its earnings before interest, income tax, depreciation and amortization (“EBITDA”), which is a common method used to value i...
93
10K
5368
1,473
As of December 31, 2017 and 2016, we had no commercial mortgage loans that were past due for more than 90 days and still accruing interest. We did not have any other commercial mortgage loans that were past due for less than 90 days on non-accrual status as of December 31, 2016.
52
10K
HelvetiaHoldingAG-AR_2017
2,882
Increasing flexibility “There is great demand for private pension products”, explains Reto Keller, Head of Private Pensions Helvetia Switzerland. The need for security is high. To ensure that customers and their relatives are able to maintain their standard of living, Helvetia offers well-conceived solutions for incapa...
166
annual_report
4066
1,272
Vested and earned incentive compensation represents amounts due to employees at December 31, 2009 under our annual bonus and performance share plans for the applicable performance cycles ending as of that date. This amount excludes RSU awards which are paid in Common Shares.
43
10K
1657
2,708
of these sales, could cause the Cobalt common stock price to fall. The price of the Cobalt stock could be affected
21
10K
PosteItalianeSpA-AR_2020
9,550
C.6 Transfers to other categories of non-performing exposures - - -
11
annual_report
BaloiseHoldingLtd-AR_2003
7
The Baloise Group registered a clearly improved result for 2003 and is well positioned for the future. The net profit of CHF 91 million (2002: CHF -634 million) underscores the success of the numerous measures the Baloise took in all its markets to enhance operational profitability.
46
annual_report
INGGroepNV-AR_2013
5,048
The Chief Compliance Officer (CCO) is the general manager of the compliance risk management department and the Head of the Compliance function within the Bank. This is an independent function responsible for developing and establishing the Bank-wide compliance risk management charter & framework which establishes the m...
70
annual_report
gb_prudential-AR_2017
1,058
Our Cyber Defence Plan consists of a number of work‑streams, including developing our ability to deal with incidents; alignment with our digital transformation strategy; and increasing cyber oversight and assurance to the Board. We have made progress in all of these across 2017. Protecting our customers remains core to...
77
annual_report
TrygAS-AR_2003
913
The Tryg Vesta Group 18 March 2004 page 60 of 98
11
annual_report
TopdanmarkAS-AR_2018
599
Note 19. Investment assets related to unit-linked products Equity investments 12,268 14,560 Unit trusts 3,024 1,758
16
annual_report
ch_zurich_insurance_group-AR_2016
1,590
The Group manages its capital to maximize long-term shareholder value while maintaining financial strength within its ‘AA’ target range, and meeting regulatory, solvency and rating agency requirements. In particular, the Group endeavors to manage its shareholders’ equity under IFRS to balance maximization of shareholde...
123
annual_report
5921
1,050
The Company's lease obligation is recorded at the present value of the lease payments based on the term of the applied lease. The Company has elected to categorize its leases into four categories based on length of lease terms and applies an incremental borrowing rate of interest as of the effective date of adoption or...
204
10K
fr_axa-AR_2013
3,654
Certain of the Company’s shares are entitled to double voting rights as described in Part 5 – “Certain additional information” – “Voting rights” Section of this Annual Report. Of the Company’s 2,417,865,471 outstanding ordinary shares on
36
annual_report
3893
1,244
We are engaged in ongoing discussions with the AG with respect to the matters raised in the February 2, 2009 letter. In view of the uncertainties involved in this matter and its early stage, we are unable to predict the outcome of this matter and have not established any reserve in connection with it.
54
10K
SwissReAG-AR_2017
397
In this report We provide a detailed record of our financial and operational performance for 2017.
16
annual_report
fr_axa-AR_2019
9,088
A Tax Code of Ethics, agreed between Group Tax Department and local tax teams, highlights the key principles guiding the actions of the various tax teams: ■ to remain up to date with respect to applicable laws and regulations; ■ to comply with tax laws and regulations; ■ to maintain a good relationship with the local t...
77
annual_report
gb_lloyds_banking_grp-AR_2007
1,904
Acquisition due diligence and other work performed in respect of potential venture capital investments 0.6 1.0
16
annual_report
1809
348
We do not undertake my obligation to publicly update or revise any forward-looking statements.
14
10K
4730
2,114
(1)The fair value estimates of the two private equity funds comprising these investments are determined by an external fund manager based on recent filings, operating results, balance sheet stability, growth and other business and market sector fundamentals. Due to the significant unobservable inputs in these valuation...
56
10K
TrygAS-AR_2015
1,098
The introduction of Solvency II will have a major influence on Tryg’s capital position in various areas from 1 January 2016. The Solvency capital requirement will decrease by approximately DKK 1.200m due to the inclusion of the loss absorbency capacity of deferred tax. The capital base will increase by approximately DK...
105
annual_report
NatixisSA-AR_2020
10,789
Managing climate risk in projects financed by Natixis: As a signatory of the Equator Principles, Natixis incorporates climate change into the environmental impact assessments conducted on its major projects. Borrowers are required to present an analysis of the possible alternatives to their projects, and to report annu...
57
annual_report
1872
1,332
Claims administration and management fees increased 1% to $12.7 million for the year ended December 31, 2002 from $12.5 million for the year ended December 31, 2001. Our results of operations for the period ended December 31, 2001 include our Albuquerque TPA division, which was disposed of in December 2001. Excluding t...
95
10K
4977
3,228
In November 2014, a wholly-owned real estate subsidiary of the Company repaid in cash $60 million of its 7.01% mortgage loans issued to MetLife USA due in January 2020. It also repaid in cash $60 million of its 4.67% mortgage loans issued to MetLife USA due in January 2017.
49
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006
240
Munich Re Group in 2006_Report of the Supervisory Board and to create an Authorised Capital Increase 2006 for issuing employee shares. Furthermore, we thoroughly discussed on several occasions the Board’s decision to launch a share buy-back programme. Our consultations also focused on the Company financial statements a...
55
annual_report
5809
1,587
For the years ended December 31, 2020 and 2019, we borrowed $2.8 billion and $3.0 billion, respectively, and repaid $2.9 billion and $3.0 billion, respectively, under advance agreements with the FHLB of Boston. At December 31, 2020, total obligations outstanding under these advance agreements were $700 million and repo...
98
10K
TrygAS-AR_2018
869
Estimated accumulated claims End of year 11,834 12,989 14,774 14,311 13,096 12,590 12,294 12,486 12,554 12,329 14,788 1 year later 13,037 13,538 14,796 14,008 13,144 12,507 12,579 12,620 12,356 13,888 2 year later 12,932 13,572 14,756 13,947 13,065 12,385 12,403 12,542 13,823 3 year later 12,955 13,416 14,700 13,862 12...
114
annual_report
gb_lloyds_banking_grp-AR_2011
2,490
Loans and advances to customers 26,539 impairment provisions include collective unimpaired provisions.
12
annual_report
RaiffeisenBankInternationalAG-AR_2010
3,557
Financial assets at fair value through profit or loss 5,613,367 2,301,548 155,352 2,338,151 895,371 5
15
annual_report
1895
1,575
Under date of February 26, 2003, we reported on the balance sheets of The National Security Group, Inc. as of December 31, 2002 and 2001, and the related statements of income, shareholders’ equity and cash flows for each of the three year period ended December 31, 2002, which are included in this Form 10-K. In connecti...
104
10K
2062
1,012
Number Weighted of Option Average Shares Price Price ----------- ------------ ----------- (Number of shares in thousands)
16
10K
ch_zurich_insurance_group-AR_2009
1,501
n) Goodwill Goodwill represents the excess of the cost of an acquisition over the fair value of the Group’s share of the net identifi able assets of the acquired subsidiary/associate at the acquisition date. Goodwill on acquisition of subsidiaries is included in the balance sheet as a separate line. Goodwill on acquisi...
81
annual_report
RaiffeisenBankInternationalAG-AR_2014
1,502
Office furniture, equipment and other tangible fixed assets 1,274,129 (3,197) (185,361) 92,287 (90,389) (574) 1,086,895
15
annual_report
5568
1,024
On August 22, 2018, our Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with The Hartford Financial Services Group, Inc. (“The Hartford”). The Merger Agreement provides that, subject to the terms and conditions set forth therein, our Company will merge with an existing subsidiary of The Ha...
151
10K
HiscoxLtd-AR_2018
917
By exception, an individual’s salary may be amended outside of the annual review process.
14
annual_report
5602
9,465
For the year ended December 31, 2018, our results include out of period adjustments relating to prior periods that decreased net income attributable to AIG by $77 million, and decreased Income from continuing operations before income taxes by $98 million. The out of period adjustments are primarily related to decreases...
117
10K
SwissReAG-AR_2014
574
Profitability in life insurance has improved since mid-2013, and ROE now stands at around 12%. The improvement has been largely driven by sharply stronger profitability for UK insurers, although North American and European insurers’ profitability has also picked up recently. Positive stock market developments and stron...
79
annual_report
LloydsBankingGroupPLC-AR_2020
3,396
Competition: Adoption of technological trends is accelerating with customer preferences changing. There has been considerable growth of new business models such as Buy Now Pay Later.
26
annual_report
5869
1,617
Policy acquisition costs that are directly related and essential to successful insurance contract acquisition, as well as ceding commission income and expense on ceded and assumed reinsurance contracts, are deferred and reported net.
33
10K
NatixisSA-AR_2017
4,166
This work confirmed that Natixis is only very slightly affected by certain issues related to first-time application of IFRS 15 that have been identified within other banking institutions such as real estate development, loyalty programs and telephony.
37
annual_report
PosteItalianeSpA-AR_2019
2,367
In line with the Deliver 2022 Plan and the industrial transformation process undertaken by Poste Italiane, the Chief Operating Office function also continues on its path of change undertaken in 2018. The recent reorganisation of the Back Office Services function aims to guarantee continuous improvement in the quality o...
154
annual_report
5921
665
In 2020, 2019 and 2018, we recognized a favorable development in our net reserves for prior accident years totaling $17.7 million, $5.3 million and $54.2 million, respectively.
27
10K
NatixisSA-AR_2007
3,437
Services enjoyed a very busy 2007, which featured robust organic growth in all business lines, further investment in industrial platforms, the conclusion of partnership operations and signifi cant acquisitions.
29
annual_report
AegonNV-AR_2000
208
A company with a corporate philosophy that is shared by AEGON
11
annual_report
StandardLifeAberdeenPLC-AR_2010
1,388
Expense assumption gains in the UK and in Europe reflect changes in the expense allocation for investment related expenses. The UK figure also includes an allowance for the expected benefits on maintenance costs arising from the headcount reductions announced during 2010, but only to the extent that these arrangements ...
56
annual_report
RaiffeisenBankInternationalAG-AR_2014
1,709
In the Annual General Meeting held on 26 June 2013, the Management Board was given the authorization pursuant to Section 174 (2) of the Austrian Joint Stock Companies Act (AktG) to issue – with the approval of the Supervisory Board – convertible bonds, also in several tranches, within 5 years as of the date of the reso...
119
annual_report
ScorSE-AR_2019
3,539
Basic and diluted earnings per share are calculated as follows for the years ended December 31, 2019, 2018 and 2017 respectively: At December 31, 2019
25
annual_report
1410
619
The following consolidated Financial Statements are on pages 43 through 76
11
10K
SwissReAG-AR_1982
200
In October 1982, after several years ot medical and statis­ tical research, Swiss Re issued a new rating manual tor Lite insurance. This Lite Underwriting Manual contains more than 600 pages covering the risk assessment ot over 1000 impairments tor Lite insurance and additional Accident and Disability benefits. The Swi...
109
annual_report
INGGroepNV-AR_2013
1,091
TRANSFER OF SHARES AND DEPOSITARY RECEIPTS AND TRANSFER RESTRICTIONS Shares are transferred by means of a deed of transfer between the transferor and the transferee. To become effective, ING Group has to acknowledge the transfer, unless ING Group itself is a party to the transfer. The Articles of Association do not res...
130
annual_report
fr_axa-AR_2011
10,545
Appointment of Mr. Denis Gouyou-Beauchamps to the Board of Directors upon proposal of the employee shareholders of the AXA Group
20
annual_report
ch_zurich_insurance_group-AR_2019
1,381
33 Remuneration is tied to long-term results for individuals who have a material impact on the Group’s risk profile.
19
annual_report
5147
1,161
The consumer goods, utilities, energy and capital goods sectors comprise 29%, 12%, 10% and 10%, respectively, of the carrying value of our corporate fixed income securities portfolio as of December 31, 2015. The energy, consumer goods, basic industry and utilities sectors had the highest concentration of gross unrealiz...
84
10K
3568
1,029
AIG’s Financial Services subsidiaries engage in diversified activities including aircraft and equipment leasing, capital markets, consumer finance and insurance premium finance. Revenues in the Financial Services segment include interest, realized and unrealized gains and losses, including the unrealized market valuati...
53
10K
TrygAS-AR_2009
1,628
Profit/loss on business ceded -122 -53 -1 -15 -381 -10 -582 Technical interest, net of reinsurance 71 32 12 8 34 0 157
23
annual_report
de_allianz-AR_2012
456
− Initial review of the annual Allianz se and consolidated financial statements, management reports (incl. risk report) and the dividend proposal, review of half-yearly and quarterly financial reports
28
annual_report
2842
549
Total benefits and expenditures were $128.3 million and $129.9 million for the years ended December 31, 2005 and 2004, respectively. The decrease of $1.6 million was primarily due to the following:
31
10K
5719
1,595
The adoption of this standard and related amendments will result in the recognition of a cumulative effect adjustment that is not expected to be material to our retained earnings, to record allowances for credit losses as of the date of adoption, primarily related to commercial and residential mortgage loans, as well a...
54
10K
SwissReAG-AR_1986
14
Balance Sheet 21 Key Figures of Group Companies In 1986 44
11
annual_report
ScorSE-AR_2012
4,620
In our opinion, the consolidated financial statements give a true and fair view of the assets and liabilities and of the financial position of the group as at December 31, 2012 and of the results of its operations for the year then ended in accordance with International Financial Reporting Standards as adopted by the E...
56
annual_report
3523
1,023
In 2008, CICA plans introduction of a new set of international products. The Company anticipates the new products will be very well accepted in the international market.
27
10K
2996
6,794
Annuity funds on deposit increased $335.2 million in 2005 compared to an increase of $354.9 million in 2004 with higher deposits offset by higher surrenders and lower relative performance in 2005. Included in deposits were large private placement deposits in the first and fourth quarters of 2005.
47
10K
StorebrandASA-AR_2010
411
Storebrand has been very successful within occupational pensions in recent years and has seen a net transfer balance in the last 6 years worth a net inflow around NOK 12 billion. The market was characterised by a marked transition from defined benefit pensions to defined contribution pensions. Storebrand is a market le...
83
annual_report
PhoenixGroupHoldingsPLC-AR_2015
3,630
3 Relates to the Ignis division disposed of on 1 July 2014, classified as discontinued operations. The Asset Management MCEV earnings after tax of £12 million includes intra‑group income of £30 million. 4 Comprises capital flows relating to the disposal of Ignis and BA(GI) Limited.
45
annual_report
2624
738
The accompanying consolidated financial statements of Protective Life Corporation and subsidiaries (the Company) are prepared on the basis of accounting principles generally accepted in the United States of America (GAAP). Such accounting principles differ from statutory reporting practices used by insurance companies ...
52
10K
AvivaPLC-AR_2010
3,443
Further analysis of the movement in the liabilities of the long-term business can be found in notes 39 and 40. The analysis of movements in capital provides an explanation of the movement in available capital of the Group’s life business for the year. This analysis is intended to give an understanding of the underlying...
549
annual_report
gb_prudential-AR_2010
1,206
Directors appointed to the Board since the 2010 Annual General Meeting will stand for election for the first time and in accordance with the provisions of the UK Corporate Governance Code all other directors, with the exception of James Ross who has announced his intention to retire, will offer themselves for re-electi...
64
annual_report
3722
1,233
Certain derivative instruments are designated as fair value hedges under SFAS No. 133. In accordance with SFAS No. 133, the changes in fair value of these instruments are recorded in income. In addition, changes in the fair value attributable to the hedged portion of the underlying instrument are reported in income. We...
118
10K
NatwestGroupPLC-AR_2012
6,115
Reconciling items Own credit adjustments (4,649) — (4,649) 1,914 — 1,914 242 — 242 Asset Protection Scheme (44) — (44) (906) — (906) (1,550) — (1,550) Integration and restructuring costs — — — (5) — (5) — — — Gain on redemption of own debt 454 — 454 255 — 255 553 — 553 Strategic disposals 113 — 113 (24) — (24) 171 — 17...
110
annual_report
4478
1,410
Cash received from option exercises under all share-based payment arrangements for 2011, 2010 and 2009 was $2,622,000, $8,476,000 and $4,721,000, respectively. The actual tax benefit realized for the tax deductions from option exercises of the share-based payment arrangements was $1,952,000, $1,423,000 and $419,000, re...
49
10K
gb_prudential-AR_2018
552
Our business manages total assets of £321 billion1 and serves more than six million customers worldwide. M&GPrudential offers savings and investment products for individuals who want to build and protect their life savings. We provide innovative asset management and customer solutions, supported by strategic asset allo...
54
annual_report
GjensidigeForsikringASA-AR_2010
2,128
The following financial assets are classified as level three in the valuation hierarchy • Unlisted private equity-investments. The private equity investments that are not organized as funds are valued using cash flow analysis, price multiples and recent market transactions. The private equity investments that are organ...
161
annual_report
AvivaPLC-AR_2016
1,010
` Since the US election there has been a shift in sentiment on the limitations of loose monetary policy in favour of fiscal stimulus to support growth, resulting in a rebound in the record low long term interest rates experienced after the UK-EU referendum. While it remains likely UK and Eurozone interest rates will re...
82
annual_report
4841
632
See Note 15 of the Notes to the Consolidated Financial Statements for additional information regarding our assessment of litigation contingencies.
20
10K