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5915
834
Our most significant expense is compensation and benefits for our employees, which represented 60%, 57% and 60% of other underwriting and operating expenses for the years ended December 31, 2020, 2019 and 2018, respectively. Compensation and benefits expense includes base and incentive cash compensation, stock compensa...
51
10K
fr_axa-AR_2007
6,523
Furthermore, any shareholder who fails to comply with these notification requirements may have all or part of its voting rights (with respect to all of its AXA shares, not only those in excess of the relevant threshold) suspended for a period of no longer than five years by commercial court decree at the request of the...
79
annual_report
SwissReAG-AR_1976
247
In this year's accounts, the scope of consolidation was unchanged. Additional notes on the Group accounts are to be found on page 34.
23
annual_report
5286
1,174
In the fourth quarter of 2014, we began to increase the frequency of capital transfers from Japan to the United States to better manage cash flow. This capital repatriation is reflected in Aflac Japan's SMR.
35
10K
AssicurazioniGeneraliSpA-AR_2019
3,371
Reversal of impairment of land and buildings (investment properties) 16 30
11
annual_report
3673
964
Specialty Insurance. Revenues from home warranty and personal lines insurance policies are recognized over the life of the policy, which is one year. Revenues and commissions related to the sale of flood insurance are recognized when the policy is reported.
40
10K
2077
231
Company's individual product lines contributed to the more favorable loss and loss expense ratio as summarized in the following table.
20
10K
AvivaPLC-AR_2014
4,763
There were no changes to the voting rights of any class of shares during 2012, 2013 and 2014, other than issuances in connection with our various employee option schemes and under the Company’s scrip dividend scheme. The Company did not issue shares for consideration other than cash during 2012, 2013 and 2014. In addit...
94
annual_report
BeazleyPLC-AR_2020
1,354
• Proactive stance on settling claims resulted in positive client and broker feedback.
13
annual_report
3650
976
Private mortgage insurance produced by the Mortgage Guaranty Group protects mortgage lenders and investors from default related losses on residential mortgage loans made primarily to homebuyers who make down payments of less than 20% of the home’s purchase price. The Mortgage Guaranty Group insures only first mortgage ...
108
10K
3823
382
In June 2008, FASB ratified EITF No. 07-5, Determining Whether an Instrument (or an Embedded Feature) is Indexed to an Entity's Own Stock ("EITF 07-5"). EITF 07-5 provides that an entity should use a two-step approach to evaluate whether an equity-linked financial instrument (or embedded feature) is indexed to its own ...
99
10K
4596
1,167
Primary components of the 2013 property and casualty reinsurance program include:
11
10K
4595
982
Capital Position. The Company believes it has a strong capital position and, as part of its ongoing efforts to create shareholder value, expects to continue to return capital not needed to support its business operations to its shareholders. In recent years, the Company has returned capital to its shareholders, compris...
159
10K
fr_axa-AR_2007
943
(a) AXA Switzerland was not in the scope of APE in 2006, nor in 2005. Starting 2007, and as a result of Winterthur acquisition AXA Switzerland is in the scope of APE.
32
annual_report
AegonNV-AR_2019
5,594
Net fair value change on bifurcated embedded derivatives (1,153) (824) (1,231)
11
annual_report
5255
791
Net earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares and common share equivalents outstanding during the periods presented. In calculating diluted earnings per share, those potential common shares that are found to be anti-dilutive are excluded from the...
80
10K
2313
915
Further uncertainties include the effect of the recent acceleration in the rate of bankruptcy filings by asbestos defendants on the rate and amount of The Hartford's asbestos claims payments; a further increase or decrease in asbestos and environmental claims which cannot now be anticipated; whether some policyholders'...
201
10K
3990
2,072
The Company records compensation expense for stock awards and options over their vesting periods based on the estimated fair value of the stock options, which is calculated using an option-pricing model. Compensation expense is recorded for restricted stock grants and units over their vesting periods based on fair valu...
66
10K
4571
696
Relatively high short-term maturity investment positions continued to be maintained as of December 31, 2012. Such positions reflect a large variety of seasonal and intermediate-term factors including current operating needs, expected operating cash flows, quarter-end cash flow seasonality, debt maturities, and investme...
72
10K
2155
785
Amortization of deferred policy acquisition costs decreased $24.7 million (or 24%) to $76.4 million during 2003 as compared to $101.1 million in 2002. Excluding the impact of period-to-period differences in DAC unlocking as noted in the Critical Accounting Policies section above, amortization of deferred policy
45
10K
4408
1,730
potential public health epidemics, pandemics, natural disasters and bio-terrorist activity, that could, among other things, cause the Company’s covered medical and disability expenses, pharmacy costs and mortality experience to rise significantly, and cause operational disruption, depending on the severity of the even...
47
10K
de_allianz-AR_2002
1,106
Counterparty risks are now centrally controlled by Dresdner Bank’s Risk Management and Control Committee, which is headed by the Chief Risk Officer of Dresdner Bank. The newly created body issues the appropriate guidelines and standards for the risk strategy and risk control of the Dresdner Bank Group and ensures compl...
158
annual_report
RSAInsuranceGroupPLC-AR_2009
396
SuMMARy 2009 was a good year for the Group in challenging conditions. We will continue to drive top and bottom line growth and are confident of continuing to deliver excellent results.
31
annual_report
4102
1,043
On February 5, 2009 the Company issued to Mr. Verdi a stock option grant to purchase a total of 650,000 shares of the Company’s common stock, which vests as follows: 130,000 shares of common stock on each of May 31, 2009, September 30, 2009, May 31, 2010 and September 30, 2010; 65,000 shares of common stock on May 31, ...
76
10K
AegonNV-AR_2011
2,327
1 Where cash is defined as cash, cash equivalents plus highly liquid securities issued by governments or entities fully and explicitly guaranteed by governments in domestic denominations.
27
annual_report
5367
1,579
The cash collateral liability by loaned security type and remaining tenor of the agreements were as follows at:
18
10K
5169
897
Common Stock Repurchases. In October 2012, our Board of Directors authorized a program to repurchase of shares of our common stock, at such times and at prices as management determines to be advisable, up to an aggregate of $300.0 million, or the “2012 Repurchase Program.” In July 2014, our Board of Directors authorize...
160
10K
3605
5,035
In January 2003, the Financial Accounting Standards Board (the “FASB”) issued FASB Interpretation No. 46 (“FIN 46”). This interpretation requires the consolidation of entities in which an enterprise absorbs a majority of the entity’s expected losses, receives a majority of the expected residual gains, or both, as a res...
116
10K
4502
561
Direct reported a Segment Net Operating Loss of $27.1 million for the year ended December 31, 2011, compared to a Segment Net Operating Loss of $1.1 million for the same period in 2010. The Direct segment’s effective income tax rate differs from the federal statutory income tax rate due primarily to tax-exempt investme...
96
10K
4405
731
ratings at AA+ (Stable Outlook) in October 2010, S&P requested comments on proposed changes to its bond insurance ratings criteria, noting that if the proposed criteria were adopted, S&P could lower its financial strength ratings on existing investment grade bond insurers by one or more rating categories. In August 201...
198
10K
AegonNV-AR_2019
9,208
th er n o n -fin an cial in fo rm atio n other confidential information that is accessible to, or in the possession of, Aegon, its systems, employees and business partners. It is possible that an Aegon employee, business partner or system could, intentionally or unintentionally, inappropriately disclose or misuse perso...
264
annual_report
2379
1,075
results of its promotional spending activities and adjusts its promotional spending programs in an effort to maintain its competitive position. Accordingly, sales promotion costs are not necessarily indicative of costs that may be incurred in subsequent periods.
37
10K
AvivaPLC-AR_2019
3,550
Strategic report Governance IFRS financial statements Other information 51 – Pension deficits and other provisions This note details the non-insurance provisions that the Group holds, and shows the movements in these during the year.
34
annual_report
SwissLifeHoldingAG-AR_2014
2,707
balance carried forward to new account 301 707 1 090 961 tOtal pROFIt sHOwN IN tHe balaNCe sHeet 259 301 707 91 090 961
24
annual_report
AssicurazioniGeneraliSpA-AR_2019
5,029
3. The undersigned further confirm that: 3.1 the consolidated financial statements as at 31 December 2019: a) are prepared in compliance with applicable international accounting standards recognized by the European Community pursuant to Regulation (EC) No. 1606/2002 of the European Parliament and of the Council of 19 J...
167
annual_report
2003
807
The Company has adopted the disclosure-only provisions of SFAS No. 123, "Accounting for Stock-Based Compensation." Accordingly, no compensation cost has been recognized for its three stock option plans. Had compensation costs for the Company's stock option plans been determined based on the fair value at the grant date...
78
10K
3264
889
In July 2006, FASB issued FIN No. 48, Accounting for Uncertainty in Income Taxes an interpretation of FASB Statement No. 109 (FIN 48). FIN 48 prescribes a comprehensive model for how a company should recognize, measure, present and disclose in its financial statements uncertain tax positions that the company has taken ...
164
10K
Sampoplc-AR_2007
348
Chief Executive Offi cer The company has a Managing Director who is simultaneously the ceo of Sampo Group. The Board of Directors elects and releases the ceo, and decides on the terms of employment and other compensation. The Managing Director of the company and the ceo of Sampo Group is Björn Wahlroos.
52
annual_report
AssicurazioniGeneraliSpA-AR_2018
2,751
: e qu iti es a nd s ha re s, s ha re s in c om m on in ve st m en t f un ds , d eb t s ec ur iti es a nd ot he r f ix ed -in co m e s ec ur iti es
55
annual_report
5623
1,059
The portfolio’s average quality was AA at December 31, 2018 and 2017. The portfolio produced a tax-equivalent book yield of 2.8% and 2.5% for the years ended December 31, 2018 and 2017, respectively. The duration-to-worst average of the debt securities portfolio was 3.1 years and 3.2 years at December 31, 2018 and 2017...
54
10K
4092
499
We use net income (loss) to measure our profit and return on average equity to measure our effectiveness in utilizing equity to generate net income. In determining return on average equity for a given year, net income (loss) is divided by the average of the beginning and ending equity for that year. For the year ended ...
78
10K
5422
2,732
quality of European investments was A-. Entities domiciled in the United Kingdom comprise the Company's largest exposure; as of December 31, 2017 and 2016, the U.K. exposure totals less than 2% of total invested assets and largely relates to industrial and financial services corporate securities and has an average cred...
93
10K
fr_axa-AR_2012
2,519
Board in 1997. He left PSA in February 2007. From June 2007 to March 2010, he was Chairman of the AFEP. Since
22
annual_report
AegonNV-AR_2019
526
In 2019, in two out of three of our main markets, the Netherlands and the UK, our businesses saw an increase in both the absolute
25
annual_report
Sampoplc-AR_2000
931
Lease assets Lease assets are stated in the Balance Sheet at cost less depreciation according to plan. The depreciation is stated at the amount of recovered capital from lease rentals.
30
annual_report
3245
1,080
Effective January 15, 2007 the Company entered into a new seven-year operating lease for additional office space in Nashville, Tennessee. The average annual rent for the new space is approximately $775.
31
10K
PowszechnyZakladUbezpieczenSA-AR_2016
2,657
10.6 Share capital and shareholders of PZU, stock held by members of its authorities
14
annual_report
StandardLifeAberdeenPLC-AR_2011
489
In addition to the substantial cash and readily realisable resources held within each business unit, the ultimate holding company, Standard Life plc, held £0.6bn of cash and short-term debt securities as at 31 December 2011, an increase of £0.2bn from the 2010 year end. The stress testing undertaken during 2011 shows t...
59
annual_report
NatwestGroupPLC-AR_2014
2,243
At 31 December 2014, HMT’s holding in the company’s ordinary shares was 62.3% and its economic interest was 79.1%.
19
annual_report
2897
1,382
The following table summarizes sales by distribution channel for the years ended December 31:
14
10K
3482
1,114
not be entitled to receive a dividend for such period, and such undeclared dividend will not accumulate and be payable. Holders of series A Preferred shares will be entitled to receive, only when, as and if declared by the board of directors, non-cumulative cash dividends from the original issue date, quarterly in arre...
122
10K
5892
654
NET GAINS (LOSSES) ON FINANCIAL INSTRUMENTS AT FAIR VALUE AND FOREIGN EXCHANGE The net losses on financial instruments at fair value and foreign exchange for 2020 were primarily related to unfavorable mark-to-market fluctuations on derivatives. The net losses on financial instruments at fair value and foreign exchange ...
105
10K
SwissLifeHoldingAG-AR_2017
1,397
BALANCE AS AT END OF PERIOD 175 803 –26 3 374 11 169 15 495 88 15 583
18
annual_report
1727
570
NET INCOME (LOSS).................................................... $ 3,486 $ (199,915) $ (4,631) ========= ========= =========
12
10K
2965
731
In 2007, the Company will offer its stand-alone PDP in 30 states and the District of Columbia. The Company will remain eligible as a PDP sponsor for its current auto-enrolled CMS subsidized beneficiaries in California and Nevada,
37
10K
ch_zurich_insurance_group-AR_2019
2,512
Non-controlling interests are shown separately in equity, consolidated income statements, consolidated statements of comprehensive income and consolidated statements of changes in equity.
22
annual_report
SwissLifeHoldingAG-AR_2016
1,503
Expected existing business contribution (reference rate) –43 –17 –4 –2 –67
11
annual_report
5292
722
The timing and/or amount of the payments under certain contracts are contingent upon the outcome of future events. Actual payments will likely vary, perhaps significantly, from estimates reflected in the table that follows. Most significantly, the timing and amount of future payments arising under property and casualty...
145
10K
gb_lloyds_banking_grp-AR_2014
5,437
Loans and advances and debt securities Loans and advances and debt securities measured at fair value and classified as level 2 are valued by discounting expected cash flows using an observable credit spread applicable to the particular instrument.
38
annual_report
2775
507
On June 22, 2004 our Board of Directors approved a 1.8:1 stock split, the maintaining of a par value of $0.01 after the split and the amendment and restatement of our Certificate of Incorporation which among other things combined the Class A and Class B common stock into one class of common stock and increased the auth...
104
10K
SwissLifeHoldingAG-AR_2005
221
Investment Management Swiss Life’s Investment Management segment generated a segment result of CHF 61 million. Compared to the previous year, assets under management rose by 21% to CHF 80.2 billion, of which CHF 68.8 billion are accounted for by the management of insurance assets and CHF 11.4 billion by third-party man...
51
annual_report
4844
896
Effects of the IPO and Related Transactions on our Corporate Structure
11
10K
AvivaPLC-AR_2008
1,968
We review whether the Corporate governance report reflects the Company’s compliance with the nine provisions of the 2006 Combined Code specified for our review by the Listing Rules of the Financial Services Authority, and we report if it does not. We are not required to consider whether the Board’s statements on intern...
77
annual_report
SwissLifeHoldingAG-AR_2016
1,645
Auditor’s responsibilities for the audit of the MCEV Report Our objectives are to obtain reasonable assurance about whether the MCEV Report as a whole is free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of as...
113
annual_report
5026
818
Radian Group serves as the holding company for our operating subsidiaries and does not have any significant operations of its own. Our consolidated operating results for 2014 primarily reflect the financial results and performance of our two business segments-mortgage insurance and MRES. See “-Results of Operations-Mor...
59
10K
StorebrandASA-AR_2006
313
In order to ensure that the group has the expertise it needs available at all times, we developed an expertise database tool in 2006 that will come into use during 2007. We also made further improvements to management develop-
39
annual_report
5851
15,405
 Cape Cod method: The Cape Cod method is mechanically similar to the Bornhuetter-Ferguson method with the difference being that the Expected Loss Ratio estimates are determined based on a weighting of the loss estimates that come from the Paid/Incurred Development Methods. This method may be more responsive to recent ...
56
10K
NatwestGroupPLC-AR_2010
2,857
Corporate governance The company is committed to high standards of corporate governance. Details are given on pages 235 to 245. The corporate governance statement forms part of this Report of the directors.
32
annual_report
NatixisSA-AR_2011
4,184
The fi nancial statements presented for comparative purposes were published by Natixis in the 2010 registration document fi led with the Autorité des Marchés Financiers (AMF – French Financial Markets Authority) on April 5, 2011.
35
annual_report
NatwestGroupPLC-AR_2006
2,634
(h) Insurance contracts All contracts within the life assurance business are accounted for as insurance contracts and the obligations to policyholders presented as Long-term assurance liabilities attributable to policyholders.
29
annual_report
3011
6,955
Trabaja, formerly PMA Insurance Cayman, Ltd. (“PMA Cayman”), is a wholly-owned subsidiary of London Life and Casualty Reinsurance Corporation (“London Reinsurance Group”). The Company sold PMA Cayman to London Reinsurance Group for $1.8 million, and transferred approximately $230 million of cash and invested assets as ...
140
10K
NatwestGroupPLC-AR_2010
3,934
Debt securities Fair values are determined using quoted prices where available or by reference to quoted prices of similar instruments.
20
annual_report
NatixisSA-AR_2019
1,788
Member of the Natixis Appointment Committee 5000 5,000 4,000 4,000 o/w fixed compensation 2,000 2,000 o/w variable compensation 3,000 3,000
20
annual_report
AegonNV-AR_2016
4,370
December 31, 2016, none of Aegon’s cash flow hedges were discontinued, as it was highly probable that the original forecasted transactions would occur by the end of the originally specified time period documented at the inception of the hedging relationship. Aegon projects investment needs many years into the future in...
68
annual_report
4620
1,598
The following is a reconciliation of operating earnings to its most closely related GAAP measure, net income.
17
10K
RSAInsuranceGroupPLC-AR_2018
212
We also promote preventative action and invest in risk pooling schemes to preserve access to insurance.
16
annual_report
AegonNV-AR_2017
2,077
Aegon’s Tier 2 capital consists of its grandfathered dated subordinated notes, and deferred tax asset balances related to the inclusion of (provisional) equivalent regimes in
25
annual_report
HannoverRueckSE-AR_2018
2,893
Net book value at 31 December of the year under review 29,804 29,653
13
annual_report
3507
5,634
The Company will implement SFAS No. 157 on January 1, 2008. The assumptions described above will be updated to reflect a market-based view of exit price. See Note 2(B) for further information.
32
10K
1855
77
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to adopt accounting policies and make estimates and assumptions that affect amounts reported in the Trust's financial statements. The critical accounting policies and r...
83
10K
1484
596
The Company's liability for losses and loss adjustment expenses consists of the case basis and general reserves. Activity in the liability for losses and loss adjustment expenses is summarized as follows (in thousands):
33
10K
4310
2,071
Securities will be divided into two tranches equal in principal amount with maturity dates of June 15, 2018 and June 15, 2045.
22
10K
NatixisSA-AR_2003
2,412
COFACE HOLDING NORTH AMERICA Holding company 100 98 100 98 (2) (2)
12
annual_report
GjensidigeForsikringASA-AR_2011
1,299
figure 6 – cash flow before and after the “stress scenario”
11
annual_report
4825
1,662
•The Company markets certain VA products with a GMWB rider. The GMWB component is considered an embedded derivative, not considered to be clearly and closely related to the host contract.
30
10K
4244
1,097
Of the total amounts, Principal Life's consolidated portfolio represented $14,979.2 million in available-for-sale fixed maturities with unrealized losses of $2,928.9 million. Principal Life's consolidated portfolio consists of fixed maturities where 83% were investment grade (rated AAA through BBB-) with an average pri...
160
10K
909
421
OTHER OPERATING EXPENSES Other operating expenses increased $3.7 million, or 26.0%, to $18.0 million in 1997 from $14.3 million in 1996. This increase was principally attributable to increases in policy acquisition expenses, payroll/benefit expenses, and legal and consultation fees of $1.1 million, $0.7 million and $1....
59
10K
1326
262
Amounts added to policyholder account balances for annuity products decreased by 8.5 percent, to $666.5 million, in 1999, and increased by 4.5 percent, to $728.6 million, in 1998. The decrease in 1999 was primarily due to a smaller block of this type of annuity business in force, on the average, compared to 1998, while...
95
10K
5733
859
and losses recorded in Other comprehensive income (loss) pursuant to the discontinued cash flow hedge of a forecasted transaction that is no longer probable are recognized immediately in Other net realized capital gains (losses).
34
10K
AegonNV-AR_2012
4,429
Also, in 2011 EUR 431 million of medium term notes (MTN) backing funding agreements issued by Monumental Life insurance company in 2006 and 2007 were reinsured to Liberty Life Insurance Company. This transaction is treated as a financing arrangement since the MTN contracts do not qualify as insurance contracts. The fin...
67
annual_report
gb_prudential-AR_2010
1,379
Significant shareholdings As at 8 March 2011, the Company had received notification, in accordance with Rule 5.1.2 R of the Disclosure and Transparency Rules of the Financial Services Authority, from Capital Research and Management Company, Blackrock Inc., Norges Bank and Legal and General Group plc that they held 11.6...
74
annual_report
AegonNV-AR_2019
8,059
In respect of DPAC and VOBA, we tested the capitalisation during the period and evaluated the appropriateness of the main assumptions used in determining the estimated gross profit patterns which are the basis for the periodic amortization.
37
annual_report
StorebrandASA-AR_2007
1,971
Other fund units within EEA 13 364.6 12 945.2 13 015.0 2 773.3 2 874.4 2 022.5 2 109.6
19
annual_report
de_allianz-AR_2008
3,751
Pensions and similar obligations 3,867 4,184 Employee related 1,904 2,956 Share-based compensation 1,295 1,761 Restructuring plans 343 541 Loan commitments 8 201 Contingent losses from noninsurance business 109 134 Other provisions 1,481 1,857
33
annual_report
4395
932
The following table reflects the adjustments to the financial statement line items at December 31, 2010. (dollars in thousands).
19
10K
AvivaPLC-AR_2016
884
Our carbon footprint boundaries show the scope of the data we monitor and the emissions we offset. We report on Greenhouse Gas (GHG) emission sources on a carbon dioxide emissions equivalents basis (CO2e) as required under the Companies Act 2006 (Strategic Report and Directors’ Reports) 2013 Regulations. We also refer ...
73
annual_report
5404
2,534
On June 13, 2016, Voya Financial, Inc. issued $500 of unsecured 3.65% Senior Notes due 2026 (the "2026 Notes") and $300 of unsecured 4.8% Senior Notes due 2046 (the "2046 Notes") in a registered public offering. The 2026 Notes and 2046 Notes are fully, irrevocably and unconditionally guaranteed by Voya Holdings. Intere...
64
10K
de_allianz-AR_2007
533
Increases in gross premiums written were primarily achieved in New Europe and Spain as well as in the global travel and assistance business at Mondial and credit insurance at Euler Hermes. In contrast, as we intentionally forewent premium growth in order to protect our underwriting profitability, revenues were down in ...
56
annual_report
AegonNV-AR_2017
5,205
Group, to a temporary restriction in relation to the sale of Aegon Ireland (the difference between the sale price and Aegon Ireland’s own funds are considered not available at Group level until completion of the sale, expected in the first half of 2018) and Aegon Bank which is under a different regulatory regime but un...
66
annual_report
2041
259
Management cannot state with any degree of certainty whether any required additional equity or debt financing will be available to it during Fiscal 2003 and, if available, that the source of financing would be available
35
10K