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2 values
LloydsBankingGroupPLC-AR_2010
6,215
Life expectancy for member aged 60, on the valuation date: Life expectancy for member aged 60, 15 years after the valuation date: The mortality assumptions used in the scheme valuations are based on standard tables published by the Institute and Faculty of Actuaries which were adjusted in line with the actual experienc...
175
annual_report
ScorSE-AR_2013
898
External consulting firms also review on a regular basis the Non-Life reserves. Life reserving assumptions are reviewed as well by an external firm in the framework of the embedded value calculation. If necessary, internal audits of its portfolios are performed.
40
annual_report
BaloiseHoldingLtd-AR_2014
2,932
Fees and commission for financial assets and liabilities not recognised at fair value – 25.6 – 17.0
17
annual_report
ScorSE-AR_2011
603
A request for cancellation of the 2,840,816 shares of SCOR Holding (Switzerland) was filed on 25 October 2007 with the
20
annual_report
4530
1,013
The Company was not subjected to income tax examinations by taxing authorities during the current or past fiscal years. During the years ended June 30, 2012 and 2011, the Company did not recognize any interest or penalties.
37
10K
5375
1,807
Under current Bermuda law, we are not required to pay any taxes in Bermuda on either income or capital gains. We have received an undertaking from the Bermuda Minister of Finance that, in the event of any such taxes being imposed, the Company will be exempted from taxation until the year 2035.
52
10K
1375
1,115
AAG Holding has a floating rate revolving credit agreement with several banks under which it may borrow a maximum of $200 million through September 29, 2000. The maximum amount available reduces quarterly between September 30, 2000, and December 31, 2003. At December 31, 1999 and 1998, the weighted-average interest rat...
78
10K
3108
958
Berkshire is also exposed to variations in the market prices of natural gas and electricity as a result of its regulated utility operations and uses derivative instruments, including forward purchases and sales, futures, swaps and options to manage these commodity price risks. Derivative instruments are recorded in the...
126
10K
gb_lloyds_banking_grp-AR_2019
1,970
The Committee continues to keep under review, on an ongoing basis, the structure, size and composition of the Board and its Committees, making recommendations to the Board as appropriate. Consideration was given to anticipated retirements from the Group Board over the next two years, together with the need to ensure th...
60
annual_report
gb_lloyds_banking_grp-AR_2004
1,019
Profit on ordinary activities before tax 3,493 4,348 Tax charge thereon at UK corporation tax rate of 30% 1,048 1,304 Factors affecting charge: – Goodwill amortisation 9 9 – Overseas tax rate differences (14) (9) – Specifically allowable, unallowable and non-taxable items (5) (10) – Net tax effect of disposals (12) (27...
89
annual_report
RaiffeisenBankInternationalAG-AR_2011
1,167
At the start of the year 2011, the so-called “Group product concept” was introduced. This envisages increased cooperation within the Group in several product areas (project fi nance, real estate fi nance, export credit agency, guaranteed loans and cash management) regarding large transactions and complex transactions. ...
80
annual_report
StandardLifeAberdeenPLC-AR_2020
3,097
The table below sets out an analysis of financial assets excluding those assets backing unit linked liabilities which are set out in Note 25.
24
annual_report
TrygAS-AR_2006
275
The number of customer complaints and the ability to handle customer complaints are major parameters for quality in the provision of service products. We regularly measure our claims quality in the Nordic countries in order to improve the quality of our claims handling.
43
annual_report
5064
1,193
The estimated fair value of the GLWB was $11,257 at December 31, 2015. The changes in fair value of the GLWB were $11,257 for the year ended December 31, 2015.
30
10K
5540
1,749
corporation under Section 953(d) of the Code effective January 1, 2018. See “Income Tax Expense” for additional discussions regarding this newly formed 953(d) reinsurer.
24
10K
2143
1,458
At December 31, 2003, the Company has a net operating loss carryforward of $45.2 million and a foreign tax credit carryforward of $2.8 million, against which there is a full valuation allowance. The net operating losses expire between 2019 and 2023 and the foreign tax credit expires in 2008.
49
10K
ScorSE-AR_2009
126
A significant part of the reinsured premium, in respect of Disability Long-Term Care and Critical Illness products, includes premium adjustment clauses. In the case of Long-Term Care, the premium adjustments are designed to offset
34
annual_report
AvivaPLC-AR_2006
1,536
The principal accounting policies adopted in the preparation of these financial statements are set out below.
16
annual_report
4557
1,722
In 2011, EMEA experienced strong variable life and annuity sales, which drove higher premiums and a corresponding increase in policyholder benefits. Operating expenses increased primarily due to higher commissions and compensation expenses in Ireland due to business growth, which is partially offset by DAC capitalizati...
87
10K
gb_prudential-AR_2008
225
IGD capital surplus (as adjusted*) (£bn) 1.7 1.9 (11) 1.9 (11)
11
annual_report
3865
1,525
a substantial increase in funding is required for the Company’s GMDB equity hedge program.
14
10K
ScorSE-AR_2019
3,599
Notes to the consolidated financial statements CONSOLIDATED FINANCIAL STATEMENTS04 237SCOR Universal Registration Document 2019
14
annual_report
PosteItalianeSpA-AR_2015
7,022
Risk weighted assets, or RWA, are calculated by applying a risk weighting to the assets exposed to credit, counterparty, market and operational risks.
23
annual_report
4347
878
The reserve analysis performed by our actuaries provides preliminary central estimates of the unpaid losses and LAE. At each quarter-end, the results of the reserve analysis are summarized and discussed with our senior management. The senior management group considers many factors in determining the amount of reserves ...
115
10K
2464
1,769
On November 3 and November 4, 2004, the five principal insurance subsidiaries of UnumProvident doing business in North Carolina received Demands for Information from the North Carolina Department of Insurance. The Demands related to the issue of “bid rigging” in the state of North Carolina as it pertains to any residen...
73
10K
AegonNV-AR_2014
5,103
6 These shares vested in 2012 and are subject to an additional two year holding period. 7 These shares vested in 2013 on basis of actual realized performance and are subject to an additional two year holding period. 8 The performance related cash remuneration granted over 2011, payable in 2012, of EUR 163,591 was waive...
78
annual_report
PosteItalianeSpA-AR_2016
3,483
Sensitivity to cash flow interest rate risk at 31 December 2016 on the Poste Italiane Group’s positions is shown in the table below.
23
annual_report
3936
1,281
We have determined that we do not hold any remaining investments, after recording the charge for OTTI, that would have been considered other than temporarily impaired, and that the recent increase in the gross unrealized investment loss was caused by the lack of liquidity in the capital markets. We expect cash flows fr...
101
10K
PhoenixGroupHoldingsPLC-AR_2016
4,240
Dividends paid on ordinary shares (note B4) – (120) – – (120)
12
annual_report
4419
2,005
Primary insurance in-force and risk in-force increased mainly as a result of new insurance written in Canada and Australia, partially offset by loss mitigation activities in Europe and cancellations in Australia. Primary insurance in-force and risk in-force included increases of $46.1 billion and $16.4 billion, respect...
58
10K
4681
2,679
The yen denominated individual fixed annuity product was written by Hartford Life Insurance K.K. (“HLIKK”), a wholly-owned Japanese subsidiary of Hartford Life, Inc. (“HLI”), and subsequently reinsured to Hartford Life Insurance Company, a U.S. dollar based wholly-owned indirect subsidiary of HLI. During 2009, the Comp...
154
10K
5557
2,029
AGL and its Bermuda subsidiaries AG Re, AGRO, and Cedar Personnel Ltd. (Bermuda Subsidiaries), are not subject to any income, withholding or capital gains taxes under current Bermuda law. The Company has received an assurance from the Minister of Finance in Bermuda that, in the event of any taxes being imposed, AGL and...
117
10K
AssicurazioniGeneraliSpA-AR_2016
2,136
Segment data derives from a separate consolidation of the amounts of subsidiaries and associated companies in each business segment, eliminating of the effects of the transactions between companies belonging to the same segment and, the carrying amount of the investments in subsidiaries and the related portion of equit...
106
annual_report
4828
810
Reflects the unscheduled refunding of an insured obligation or the termination of the insurance on an insured obligation.
18
10K
5602
21,094
In January 2018, the parties reached non-binding agreements in principle on issues presented in the dispute and are currently reviewing the computations reflecting the settlement terms. The resolution is not final and is subject to various reviews. The litigation has been stayed pending the outcome of the review proces...
91
10K
4095
1,510
As mentioned above, we derive our near-term future rate of return assumptions using a reversion to the mean approach, a common industry practice. Under this approach, we consider actual returns over a period of time and initially adjust future projected returns over a four year period so that the assets grow at the lon...
373
10K
ScorSE-AR_2011
2,667
Effect of change in foreign exchange rates on cash and cash equivalents 52 70 12
15
annual_report
5265
1,675
Net gains on sales and maturities of fixed maturity securities were $1,536 million in 2015 primarily due to net gains of $511 million on sales and maturities of U.S. dollar-denominated securities within our International Insurance segment, and gains of $852 million associated with foreign exchange remeasurement on asse...
125
10K
fr_axa-AR_2004
2,489
Investment property at amortized cost 9 341 (1 358) (397) 7 586 10 230 Investment property at fair value 4 827 4 827 Macro hedge and speculative derivatives - -
30
annual_report
5307
954
contract. Policy benefits and claims charged to expense include interest amounts credited to policyholder account balances and benefit claims incurred in excess of policyholder account balances during the period. Amortization of deferred acquisition costs is recognized as expense over the life of the policy.
44
10K
5700
9,693
Blackboard - a subsidiary focused on delivering commercial insurance solutions using digital technology, data analytics and automation.
17
10K
NatixisSA-AR_2002
3,113
CDC FINANCE – CDC IXIS SA F Member of Supervisory Board (since 28 February 2002)
15
annual_report
4702
1,124
Collected premiums on Medicare supplement policies in the Bankers Life segment increased 3.9 percent, to $745.3 million, in 2013 and 2.3 percent, to $717.2 million, in 2012. During the second half of 2013, we experienced a slight shift in the sale of Medicare supplement policies to the sale of Medicare Advantage polici...
70
10K
189
1,429
During 1995, the Company received $0.4 million for writing call options on underlying securities. As of December 31, 1995 there were no option contracts outstanding.
25
10K
HannoverRueckSE-AR_2013
1,054
Through our quality assurance measures we ensure that the reserves established by ceding companies in accordance with local accounting principles satisfy all requirements with respect to the calculation methods used and assumptions made (e.g. use of mortality and morbidity tables, assumptions regarding the lapse rate)....
98
annual_report
NatwestGroupPLC-AR_2014
7,091
Unit and are also subject to senior management review. Particular attention is paid to instruments crossing from one level to another, new instrument classes or products, instruments that are generating significant profit and loss and instruments where valuation uncertainty is high.
41
annual_report
4556
980
The Company applies the fair value accounting guidance for measuring its financial and non-financial assets and liabilities. Currently, none of the Company’s non-financial assets are required to be carried at fair value. The Company would apply the fair value accounting guidance to non-financial assets and liabilities ...
69
10K
553
606
recognized as revenue over the premium-paying period of the policies. Group health and property-casualty premiums are prorated over the contract term of the policies.
24
10K
2868
595
million for 2005 compared to 2004, and 24.5% to $242.0 million for 2004 compared to 2003. The increases resulted from a combination of increased premium growth and comparatively favorable claims experience for 2005 compared to 2004, and comparatively favorable claims experience for 2004 compared to 2003.
46
10K
HannoverRueckSE-AR_2019
424
Property & Casualty reinsurance: Gross premium in North America by lines of business
13
annual_report
5944
882
Judgment in the assessment of qualitative factors of impairment include macroeconomic, industry and market conditions, cost considerations, our financial performance, events specific to our company, industry or reporting unit, and other relevant events. To the extent we determine that it is more likely than not that th...
65
10K
gb_prudential-AR_2012
2,732
Insurance contracts Insurance contracts are permitted to be accounted for under previously applied GAAP. The Group has chosen to adopt this approach. However, as an improvement to accounting policy, permitted by IFRS 4, the Group has applied the measurement principles for with-profi ts contracts of UK regulated entitie...
73
annual_report
de_allianz-AR_2016
767
life/HealTH Continue with selective focus on profitable growth and further shift new business mix towards capital efficient, unit-linked, and protection products. Considering the disposal of our South Korean business, revenues are expected to be in the range of € 60.0 BN to € 66.0 BN. Operating profit between € 3.7 BN ...
55
annual_report
5947
1,218
RMBS, CMBS, CLO and Other ABS. The fair value of these instruments is estimated based on prices of comparable securities and spreads and observable prepayment speeds. These securities are generally categorized in Level II of the fair value hierarchy or in Level III when market-based transaction activity is unavailable....
66
10K
AegonNV-AR_2014
1,446
ADAMS has multiple international business partners across Asia, including banks and non-financial institutions. It focuses on protection products that generate risk premiums, such as term life insurance, personal accident insurance, and supplemental health insurance.
34
annual_report
NatwestGroupPLC-AR_2019
1,447
Fees are reviewed regularly and the Board may choose to apply an increase on an annual or less frequent basis, within the limits set out in this policy. Additional fees may be paid for new Board Committees provided these are not greater than fees payable for the existing Board Committees as detailed in the annual repor...
58
annual_report
4089
839
Deferred acquisition costs are included in other assets on the accompanying Consolidated Balance Sheets.
14
10K
Sampoplc-AR_2005
2,605
Insurance Holding Ltd’s complete annual report for 2005 is available at www.if-insurance.com and www.sampo.com.
14
annual_report
INGGroepNV-AR_2003
1,954
against the 2003 targets set at the beginning of that year. Over 2003, ING significantly exceeded the three targets set, resulting in a payout of 175% of target. The difference between actual
32
annual_report
2826
2,662
the contribution to income/loss of divested businesses that have been or will be sold or exited but that did not qualify for “discontinued operations” accounting treatment under U.S. GAAP.
29
10K
3016
1,431
As of December 31, 2006 and 2005, costs incurred for Property and Equipment not yet placed in service amounted to $3.7 million and $1.3 million, respectively. Amortization of costs incurred in developing or purchasing computer software amounted to $4.1 million, $2.6 million and $2.1 million for the years ended December...
83
10K
nl_ing_grp-AR_2014
2,695
Debt securities in issue 2,548 Other borrowed funds 7,341 138 Insurance and investments contracts 119,237 135,851 51,828 Amounts due to banks 56 Customer deposits and other funds on deposit 5,911 14,207 Financial liabilities at fair value through profit and loss 3,100 2,554 2,081 Other liabilities 6,487 5,310 –619
48
annual_report
StorebrandASA-AR_2012
1,957
Distribution beween company and customers: Bonds held to maturity - company 222
12
annual_report
1432
324
Policyholder benefits 923 789 590 Operating expenses 856 661 547 ----------- ---------- ---------- ----------- ---------- ---------- Total benefits and expenses 1,779 1,450 1,137 ----------- ---------- ---------- Income from operations 206 168 158 Income tax expense 70 51 51 ----------- ---------- ---------- Net Income...
52
10K
5513
1,748
An increase in the percentage of purchase originations, discussed above, an increase in 97% LTV programs offered by lenders, and home price appreciation, have increased the percentage of our NIW with LTV ratios greater than 95% in 2018 compared to 2017.
41
10K
5719
2,624
Our indexed annuity and IUL contracts permit the holder to elect an interest rate return or an equity market component, where interest credited to the contracts is linked to the performance of the Standard & Poor's 500 Index (“S&P 500”) and other indices. Contract holders may elect to rebalance index options at renewal...
123
10K
ch_zurich_insurance_group-AR_2015
1,967
Balance as of December 31, 2013, as previously reported 11 6,395 1,730 106 (4,008) 195 28,075 32,503 2,231 34,734 Issuance of share capital1 – 200 – – – – – 200 – 200
33
annual_report
5009
830
At December 31, 2014 and 2013, there were no investments, other than investments in United States government and government agency securities, which exceeded 10% of common stockholders’ equity. At December 31, 2014, investments with a carrying value of $1,151 million were on deposit in custodial or trust accounts, of w...
103
10K
NatixisSA-AR_2017
1,953
In respect of BPCE and its subsidiaries 25,000 0 23,250 23,250
11
annual_report
PowszechnyZakladUbezpieczenSA-AR_2020
2,235
The rating outlook has changed as a result of the deterioration in financial and business conditions in Poland due to the outbreak of the COVID-19 pandemic. According to the agency’s analysts, this may affect the PZU Group’s business; in particular, it may lead to a lower contribution from banking activity. At the same...
111
annual_report
nl_ing_grp-AR_2017
3,010
Valuation results and net trading income includes the fair value movements on derivatives (used for both hedge accounting and economically hedging exposures) as well as the changes in the fair value of assets and liabilities included in hedging relationships as hedged items. In addition, Valuation results and net tradi...
65
annual_report
4900
1,275
By using both individual estimates of reported claims and generally accepted actuarial reserving techniques, we estimate the ultimate net liability for losses and loss expenses. While the ultimate actual liability may be higher or lower than reserves established, we believe the reserves make a reasonable provision, in ...
112
10K
3712
715
Index to Financial Statements The Corporate and Other segment includes investment income on corporate assets not specifically allocated to a line of business, interest expense on corporate debt other than non-recourse debt, and certain other corporate income and expense not allocated to a line of business. Corporate an...
101
10K
nl_ing_grp-AR_2018
1,497
Group at the Annual General Meeting on 23 April 2019. The appointments have been approved by the European Central Bank (‘ECB’).
21
annual_report
AvivaPLC-AR_2011
4,418
Net assets on a statutory IFRS net basis 15,363 17,725 Adjusting for general business and other net assets on a statutory IFRS net basis 301 1,331
26
annual_report
gb_prudential-AR_2016
4,239
In summary, for Asia operations, the operating profit based on longer-term investment returns is mainly affected by the impact of market levels on unit-linked persistency, and other insurance risks. At the total IFRS profit level the Asia result is affected by short-term value movements on the asset portfolio for non-l...
52
annual_report
5920
765
•Corporate expenses increased by $7.8 million primarily due to reorganization and remediation initiatives, which were not a cost of underwriting, as well as certain holding company expenses in 2019.
29
10K
gb_prudential-AR_2012
3,393
Shareholders’ share of realistic liabilities – (2,469) (2,469) – – – (2,469)
12
annual_report
4431
960
The Alternative Payment Mechanism does not apply during any period between scheduled interest payment dates if there is a “market disruption event” that occurs over a specified portion of such period. Market disruption events include any material adverse change in domestic or international economic or financial conditi...
47
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2016
51
Collaboration between Supervisory Board and Board of Management The Board of Management involved the Supervisory Board in all important business transactions and decisions of fundamental significance for the Group. During meetings, we held in-depth discussions with the Board of Management about the information provided...
92
annual_report
2885
1,140
On February 24, 1993, Apex Insurance Agency, Inc. issued ten shares of common stock to a minority shareholder. In April 2005, Apex Insurance Agency, Inc. issued a note payable for $1.7 million, due in equal installments over 84 months, to repurchase the ten shares of common stock it issued to the minority shareholder a...
79
10K
LloydsBankingGroupPLC-AR_2011
389
Key opportunities Economic environment: Significant progress in reducing the Group’s risk profile and strengthening the balance sheet in recent years along with strategic actions taken in 2011 means we are better positioned to benefit as the economy recovers.
38
annual_report
1560
399
Independent Auditors' Report............................................ 33 Consolidated Financial Statements: Consolidated Balance Sheets as of December 31, 2000 and 1999..... 34 Consolidated Statements of Income for Each of the Years in the Three-Year Period Ended December 31, 2000....................... 35 Consolida...
99
10K
SwissReAG-AR_2010
1,155
Rajna Gibson Brandon is a deputy director of the National Centre of Competence in Research (NCCR) “Financial Valuation and Risk Management” research network, Director of Research of the Swiss Finance Institute (SFI) and an adviser to scientific councils of various educational institutions. She was a member of the Swiss...
57
annual_report
5802
1,180
Total investment return of 16.6% in 2019 was significantly more than in 2018. The 2019 contribution from the investment income component was enhanced by the net favorable effect of the investment gains and losses components. Comparing contributions for 2019 with 2018, investment income rose $27 million, investment gain...
121
10K
NatwestGroupPLC-AR_2015
2,298
Allocation of central balance sheet items RBS allocates all central costs relating to Services and Functions to the business using appropriate drivers, these are reported as indirect costs in the segmental income statements. However, previously central balance sheet items have not been allocated.
43
annual_report
4397
826
The Company occupies office space in Shelton, Connecticut, which is leased from an affiliate, Prudential Annuities Information Services and Technology Corporation, formerly known as American Skandia Information Services and Technology Corporation.
31
10K
2755
3,969
Our liquidity requirements in the past have been met by the operating cash flows from our subsidiaires and the issuance of debt and equity securities. We expect our liquidity requirements in the future to be met by these sources of funds or, if necessary, borrowings from our lines of credit.
50
10K
AvivaPLC-AR_2003
1,786
Italy Aviva Italia Holding SpA and its principal subsidiaries: Aviva Vita SpA (25.5%) Commercial Union Assicurazioni SpA (50.0%) Commercial Union Insurance SpA Commercial Union Life SpA (50.0%) Commercial Union Previdenza SpA (50.0%) Commercial Union Vita SpA (51.0%) Eurovita Assicurazioni SpA (41.0%)
41
annual_report
2929
1,185
We maintain an Executive Voluntary Deferral Plan and an Outside Directors Deferral Plan. These plans allow executives and directors to defer eligible compensation into deferred stock units or a cash account bearing interest at a fixed rate of return. We funded the purchase of 40,580 shares of common stock related to th...
98
10K
3992
9,021
is a special purpose financial captive, only invested assets supporting capital and relating to Separate Accounts remain in ALIC’s other subsidiaries. All significant intercompany transactions have been eliminated in consolidation.
30
10K
4061
879
We also realize investment gains and investment losses on the sale and impairment of securities, with the net gain or loss reported as a component of revenue.
27
10K
gb_prudential-AR_2015
1,059
In addition to these considerations, the directors regularly consider strategic matters that may affect the longer-term prospects of the Group. Further, the Group as a whole, and each of its life assurance operations, are subject to extensive regulation and supervision, which are designed primarily to reinforce the Com...
67
annual_report
AvivaPLC-AR_2020
988
In 2020 the Aviva Foundation in the UK continued to invest unclaimed assets of shareholders through grants to charities and social enterprises. In 2020 the Foundation committed to giving £4 million to 10 non-profit organisations and social enterprises that, working with our business, can support our communities and vul...
76
annual_report
5207
1,486
As described above, completion factors and claims trend factors can have a significant impact on determination of our claim liabilities. The following example provides the estimated impact on our December 31, 2016 claim liabilities, assuming the indicated hypothetical changes in completion and trend factors:
44
10K
5571
5,684
Plaintiff filed this putative class action on behalf of all persons due benefits under group annuity contracts but who did not receive the entire amount to which they were entitled. Plaintiff asserts claims for unjust enrichment, accounting, and restitution based on allegations that the Company failed to timely pay ann...
85
10K
5110
776
Global Indemnity is a holding company. Its principal asset is its ownership of the shares of its direct and indirect subsidiaries, including those of its U.S. insurance companies: United National Insurance Company, Diamond State Insurance Company, United National Specialty Insurance Company, Penn-America Insurance Comp...
62
10K
PowszechnyZakladUbezpieczenSA-AR_2016
614
Individual subscriptions offered diverse investment strategies, which adapted to the changing market conditions. Besides the payout of the guaranteed capital, certain closed subscriptions concluded with a payout of the profit.
30
annual_report
gb_lloyds_banking_grp-AR_2005
1,332
Further information on the Group’s life assurance businesses, including its available capital resources and regulatory capital requirements, the realistic value of its assets and liabilities and its capital sensitivities is given in note 34 and on pages 35 to 38.
40
annual_report
2648
2,925
In our opinion, the consolidated financial statements listed in the accompanying index present fairly, in all material respects, the financial position of Protective Life Insurance Company and its subsidiaries at December 31, 2004 and 2003, and the results of their operations and their cash flows for each of the three ...
232
10K