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AssicurazioniGeneraliSpA-AR_2017
3,454
Allocated investment return transferred to the non-technical account (1) ................................... ...... + 6 47,538
14
annual_report
3878
1,257
As of December 31, 2008, the equivalent of $12.0 billion of notes were outstanding under AIG’s Euro medium-term note program, of which $9.7 billion were used to fund the MIP and the remainder was used for AIG’s general corporate purposes. The aggregate amount outstanding includes a $588 million loss resulting from fore...
98
10K
NatixisSA-AR_2020
12,765
The tours Duos, future headquarters of Natixis and BPCE to the east of Paris, represent the construction of a new model, of a progressive new course of action devoted to the support of our clients.
35
annual_report
AdmiralGroupPLC-AR_2019
2,673
In addition to the key audit matters for the Group audit, above, we have identified a further key audit matter for the parent company only audit of Admiral Group plc, being the valuation of the parent company’s investment in its subsidiary Elephant Insurance Company LLC, as set out in the table below. This key audit ma...
64
annual_report
AvivaPLC-AR_2017
4,717
Businesses aim to maintain sufficient assets in local currency to meet local currency liabilities, however movements may impact the value of the Group’s consolidated shareholders’ equity which is expressed in sterling. This aspect of foreign exchange risk is monitored and managed centrally, against pre-determined limit...
156
annual_report
Sampoplc-AR_2001
1,074
Bank, at its fair value, in a quality category. The collateral values are regularly updated.
15
annual_report
SwissReAG-AR_1995
674
Italy ServiziTecnici Swiss Re s.r. I.' Via Brera 5 20121 Milan
11
annual_report
AvivaPLC-AR_2015
860
Business ethics We aim to uphold the highest ethical standards in the way that we do business. This commitment is set out in our business ethics code which ensures that we operate responsibly and transparently. In 2015, 98% of Aviva employees confirmed they had read, understood and accepted the code (2014: 96%1).
52
annual_report
936
534
Specific information technology systems that are utilized by TIG, and by third parties with whom TIG has business relationships, include policy, claim and reinsurance processing and administration, accounting, payroll, financial reporting, product development, rate and form development and maintenance, business plannin...
81
10K
1608
574
At December 31, 2000 and 1999, fixed maturities included a note payable to GE Capital with a balance of $27. The note bears interest at 2.25% and matures in April 2008. In addition, a guarantee fee of 0.50% is being paid annually to GE Capital as guarantor.
47
10K
gb_prudential-AR_2006
6,734
(v) Under IFRS, subject to impairment testing, goodwill is no longer amortised. Acquired goodwill of the Japanese life business was subject to an impairment charge of £120 million which was included in the 2005 results.
35
annual_report
1137
378
Stock Options - The Company applies the intrinsic value measurement approach under APB Opinion No. 25 to stock-based compensation awards to employees.
22
10K
5238
883
Legal and Other Loss Contingencies: The Company and its subsidiaries are subject to a significant number of claims, lawsuits and proceedings including claims for errors and omissions ("E&O"). The preparation of financial statements in conformity with accounting principles generally accepted in the United States ("GAAP"...
200
10K
AvivaPLC-AR_2010
1,485
No person was present during any discussion relating to their own remuneration. In addition to the members and attendees listed in Table 2 above, Deloitte LLP advised the committee on the calculation of Total Shareholder Return (TSR) in respect of the Long Term Incentive Plan (LTIP) vesting. Deloitte LLP also provided ...
97
annual_report
HannoverRueckSE-AR_2020
27
Dr. Michael Pickel Member of the Executive Board Hannover Rück SE, Hannover, Germany Chairman of the Executive Board E+S Rückversicherung AG, Hannover, Germany Chairman of the Board of Directors Glencar Insurance Company, Orlando, USA Chairman of the Board of Directors Glencar Underwriting Managers, Inc., Chicago, USA ...
100
annual_report
5881
1,115
of unprofitable personal lines business in seven states that began in February 2019, partially offset by premium rate increases our insurance subsidiaries have implemented over the past five quarters and lower reinsurance premiums.
33
10K
NatwestGroupPLC-AR_2011
3,042
The risk is viewed as material given the central nature of unexpected changes in revenues and costs on the Group’s ability to achieve its strategic objectives.
26
annual_report
ScorSE-AR_2013
6,262
hereafter, comprise Risk Management, Treasury, Budget & Forecasting and functions relating to legal and tax issues, information systems, human resources and general service departments. These include:  The Group Risk Management Department’s primary focus is to develop and manage ERM mechanisms, promote ERM concepts th...
58
annual_report
3281
928
Our combined ratio estimate for 2008 is 96 percent to 98 percent compared with 90.3 percent in 2007. The year-over-year increase reflects three assumptions:
24
10K
4711
1,501
We include our share of DFSC’s net income in our results of operations. We have compiled the following summary financial information for DFSC at December 31, 2013 and 2012 from the financial statements of DFSC.
35
10K
5273
1,092
The following natural disasters generated substantial losses within our U.S. and Int’l Marine operating segments and our Energy & Engineering divisions within our U.S. and Int’l P&C operating segments: the Alberta Wildfires, which occurred in the second quarter of 2016, Hurricane Joaquin, which occurred in the fourth q...
122
10K
3072
730
Bornhuetter-Ferguson Method: The Bornhuetter-Ferguson Method is a weighted average of the Expected Loss Ratio Method and the Incurred Loss Development Method, using the percentage of losses reported as the weight. This method is particularly useful where there is a low volume of data in the current accident period, or ...
70
10K
2141
185
There were no dividends paid by Crusader to Unico in 2003, 2002 or 2001. Based on Crusader's statutory surplus as regards policyholders as of December 31, 2003, the maximum dividend that can be made by Crusader to Unico without prior regulatory approval in 2004 is $2,610,344.
46
10K
791
417
On October 16, 1997, the Company and Provident announced that they had entered into an administrative services agreement. In connection with this agreement, the Company advanced Provident $5.0 million. In addition to service fees that the Company will retain from collected Provident premium, the Company will retain $85...
95
10K
HannoverRueckSE-AR_2019
4,112
Securitisation instruments: instruments for transferring reinsurance business to the capital markets with the goal of refinancing or placing insurance risks.
20
annual_report
PowszechnyZakladUbezpieczenSA-AR_2014
575
Link4 cooperated with banks and several strategic partners in scope of protective insurance in 2014. The sales of nonlife insurance in the bancassurance channel covered mainly the insurance of buildings, structures, and residences, motor insurance, and travel insurance.
38
annual_report
gb_prudential-AR_2019
1,807
The Board has established a Standing Committee which can meet as required to assist with any business of the Board. It is typically used for ad hoc or urgent matters which cannot be delayed until the next scheduled Board meeting.
40
annual_report
de_allianz-AR_2015
1,353
Cash and cash equivalents increased by € 1.0 BN to € 14.8 BN as of 31 December 2015, mainly stemming from our Life/Health business segment in Germany.
27
annual_report
1998
124
The Company uses computer models to perform simulations of the cash flow generated from existing insurance policies under various interest rate scenarios. Information from these models is used in the determination of interest crediting strategies and investment strategies. The asset/liability management discipline incl...
88
10K
AegonNV-AR_2010
803
� Risk and Capital Committees (RCCs) present at group level, regional level and in AEGON’s operating units.
17
annual_report
fr_axa-AR_2011
9,384
Share capital increase with preferential subscription rights 174,123,628 1,642,341,991 2,263,505,553 5,183,427,716
11
annual_report
TopdanmarkAS-AR_2009
731
Loans guaranteed by mortgages 20 18 Other loans 3 2 Deposits with credit institutions 8,827 6,830
16
annual_report
INGGroepNV-AR_2002
172
Verzekeringen N.V. were downgraded one notch to A+ by Standard & Poor’s, while Moody’s stated at the end of December 2002 that it was in the process of reviewing its ratings, Aa2, for these two legal entities. Both Standard & Poor’s and Moody’s reconfirmed the rating for ING
48
annual_report
1886
577
Management’s conclusions regarding reserve levels in 2002 reflected refinement of the manner in which the value of future salvage and subrogation for claims already incurred is estimated. Also, management increased reserves for incurred but not yet reported losses because of higher than expected paid and/or reported de...
154
10K
AvivaPLC-AR_2012
171
General insurance and health General insurance and health operating profit increased marginally to £893 million (2011: £935 million, excluding RAC; £860 million). This is due to good performances in both the UK and Canada driven by the continued progress we have made in underwriting, claims and cost management. The com...
167
annual_report
gb_lloyds_banking_grp-AR_2014
3,703
(C) OTHER INTANGIBLE ASSETS Other intangible assets include brands, core deposit intangible, purchased credit card relationships, customer‑related intangibles and both internally and externally generated capitalised software enhancements. Intangible assets which have been determined to have a finite useful life are amo...
60
annual_report
3631
1,141
Currently, years open for audit by the IRS are 2005 through 2008. See Item 8, “Financial Statements and Supplementary Data-Notes to Consolidated Financial Statements-Note 10-Income Taxes.”
26
10K
1996
1,423
Revenues exclude realized investment losses, net, of $383 million, $100 million, and $85 million for the years ended December 31, 2002, 2001, and 2000, respectively.
25
10K
NatixisSA-AR_2004
1,838
It had two key focuses during the year. First, continuous campaigns to heighten employee awareness of the issues involved in money laundering through information and training, and second, the implementation of a new payments filtering software used by most major banks to comply with the requirement to freeze the assets...
59
annual_report
796
661
The Company adhered to certain requirements and provisions in compliance with the terms of the 1994 Loan. The provisions required SNIC to maintain certain financial ratios and SNIG to maintain Imperial Bank certificates of deposit in an amount equal to 20% of the Company's outstanding balance under the 1994 Loan. At De...
106
10K
4570
1,087
A non-insurance subsidiary of our holding company is a shareholder of the corporation that operates the Mortgage Electronic Registration System (“MERS”). Our subsidiary, as a shareholder of MERS, has been named as a defendant (along with MERS and its other shareholders) in nine lawsuits asserting various causes of acti...
101
10K
4463
549
Net premiums earned were $81.3 million for 2011, compared with $92.6 million for 2010, a decrease of $11.3 million or 12.2%. The decrease was primarily due to the non-renewal of certain treaties that did not meet our return hurdles throughout 2011. Property net premiums earned for 2011 and 2010 were $32.8 million and $...
71
10K
HelvetiaHoldingAG-AR_2016
225
Helvetia is a successful, internationally active Swiss insurance group. With 6,481 full-time equivalent employees, Helvetia provides services for more than five million customers. Helvetia is active in the life, non-life and reinsurance sectors. Helvetia divides its business activities into the three segments of Switze...
75
annual_report
3281
1,109
Our commercial lines statutory combined ratio was 89.2 percent in 2007 compared with 90.8 percent in 2006 and 87.1 percent in 2005. By comparison, the estimated industry commercial lines combined ratio was 94.0 percent in 2007, 91.2 percent in 2006 and 99.7 percent in 2005. We believe our results trended differently th...
74
10K
4149
13,922
On December 20, 2010, AHL entered into a Revolving Loan Credit Agreement (“Credit Agreement”) with RBI, a consolidated subsidiary of ALIC, according to which AHL agreed to extend revolving credit loans to RBI. As security for its obligations under the Credit Agreement, RBI entered into a Pledge and Security Agreement w...
91
10K
PosteItalianeSpA-AR_2016
2,237
In particular: • Stamp duty relates mainly to the amount accrued at 31 December 2016 on Interest-bearing Postal Certificates outstanding and on Class III and V insurance policies pursuant to the new law referred to in section A8.
38
annual_report
HannoverRueckSE-AR_2009
1,442
For further details of the virtual stock option plan please see the explanations provided in the notes to this Group
20
annual_report
PowszechnyZakladUbezpieczenSA-AR_2010
442
capacity improvement by 300% compared to 2009. In 2010, IT carried out 40 projects in cooperation with the business.
19
annual_report
2977
531
At December 31, 2006, Chandler USA had a net operating loss carryforward available for U.S. Federal income taxes of $4.6 million which begins to expire in 2024. Chandler USA has concluded that the deferred tax asset including the federal net operating loss carryforwards is more likely than not to be realized. Chandler ...
121
10K
AvivaPLC-AR_2015
1,223
She established the legal and secretarial function as a global team and is responsible for the provision of legal services to the Group, legal risk management, regulatory compliance, public policy and corporate responsibility. She also supports the Chairman and the Board in the discharge of their responsibilities.
47
annual_report
NatixisSA-AR_2020
5,210
Initially applicable on January 1, 2021, with a comparison at January 1, 2020, this standard is now only expected to come into force from January 1, 2023. Indeed, at its meeting of March 17, 2020, the Board of the IASB decided to postpone its application for two years. It also decided to align the schedule for the temp...
78
annual_report
4966
637
The Company has fully reserved the $5.3 million tax benefit of the operating loss carry forward, by a valuation allowance of the same amount, because the likelihood of realization of the tax benefit cannot be determined.
36
10K
AegonNV-AR_2007
2,460
The Group uses operating earnings before tax in its segment reporting as an important indicator of its financial performance. Included in operating earnings are segment revenues and segment expenses.
29
annual_report
StandardLifeAberdeenPLC-AR_2016
1,570
The maximum award possible under the plan rules is 500% of salary. No award in excess of 400% of salary will be made to an executive Director under this policy.
30
annual_report
SwissReAG-AR_2009
702
Market environment During 2009, financial markets recovered from the wide credit spreads, depressed and volatile equity values, and very low government bond yields that marked the end of 2008. For asset managers, it was a challenging year of deciding when and by how much to divest or acquire assets with greater risk.
52
annual_report
AegonNV-AR_2011
2,265
�� In the United States, AEGON is also shifting its focus from spread-based to fee-based products, expanding its pension business, running off its spread-based institutional business, as well as de-emphasizing fixed annuities.
32
annual_report
4060
10,271
Net cash paid for federal income taxes in 2009, 2008 and 2007 was $9,100,000, $31,500,000 and $28,550,000 respectively.
18
10K
1957
514
The GAAP expense ratio in 2001 (policy acquisition costs and other operating expenses related to premiums earned) was 26.4% compared with 26.3% in 2000. The expense ratio was relatively unchanged as total expenses increased at essentially the same rate as premium volume. The majority of expenses vary directly with prem...
50
10K
4712
10,799
The net actuarial loss (gain) is recognized as a component of net periodic cost amortized over the average remaining service period of active employees expected to receive benefits. Estimates of the net actuarial loss (gain) and prior service credit expected to be recognized as a component of net periodic benefit cost ...
59
10K
ScorSE-AR_2019
4,645
Equity securities and other variable-income securities Equity securities and other variable-income securities are recorded at cost, excluding expenses. The realizable value as at the reporting date is determined according to regulation No. 2015-11 dated November 26, 2015 of the French standard-setter (Autorité des
43
annual_report
ASRNederlandNV-AR_2013
955
This chapter describes the risks a.s.r. is exposed to and how these risks are managed.
15
annual_report
SwissLifeHoldingAG-AR_2020
1,493
Electricity consumption (in KWh/FTE) 2 306 3 491 3 631 3 843 AR, p. 141
15
annual_report
5292
754
Information concerning General Re’s gross and net unpaid losses and loss adjustment expenses as of December 31, 2016 follows (in millions).
21
10K
StandardLifeAberdeenPLC-AR_2019
1,652
Adjusted diluted EPS Compound Annual Growth Rate (CAGR) 50% 5% 15%
11
annual_report
4580
582
Commissions were relatively unchanged during 2012, and decreased during 2011 compared to 2010, as a result of lower sales.
19
10K
5713
2,837
In the Navigators Group acquisition, the Company assumed $265 par value 5.75% senior notes due on October 15, 2023 with a fair value of $284 as of the acquisition date.
30
10K
4904
1,238
The Company may sell securities during the period in which fair value has declined below amortized cost for fixed maturities or cost for equity securities. In certain situations, new factors, including changes in the business environment, can change the Company's previous intent to continue holding a security. Accordin...
61
10K
3184
592
The Liberty National Exclusive Agency distribution system markets its life products to primarily middle-income customers in Southeastern states, but has recently expanded into several other states. Liberty’s life premium declined slightly in both 2006 and 2005 compared with the respective prior year. Liberty’s life pre...
86
10K
5391
1,857
Overall gross written premiums increased by 6.8% in 2017 compared to 2016. Gross written premiums in our reinsurance segment increased by 9.6% in 2017 compared to 2016 due to growth in agriculture insurance business written within specialty reinsurance and due to $32.3 million of reinstatement premiums associated with ...
107
10K
5641
827
The investments discussion below excludes amounts relating to the operations of Chaucer.
12
10K
fr_axa-AR_2014
8,482
(b) Management’s annual evaluation on ICOFR based on AXA’s IFC Standard
11
annual_report
NatixisSA-AR_2008
4,999
No majority shareholdings were consolidated as a result of applying IAS 27 to the Group’s private equity business, as the shareholdings concerned are not material.
25
annual_report
GjensidigeForsikringASA-AR_2019
901
Claims cost NOK 212 million Reduce by NOK 500 million, Group
11
annual_report
5416
762
DAC on traditional life and health products is amortized with interest over the anticipated premium-paying period of the related policies, in proportion to the ratio of annual premium revenue expected to be received over the life of the policies. Expected premium revenue is estimated by using the same mortality, morbid...
82
10K
5200
2,394
The Company’s executive officers are eligible to receive compensation under a non-equity incentive plan. The amount of compensation payable is subject to a performance goal being met. The Compensation Committee then uses discretion to determine the actual amount of cash incentive compensation payable to each executive ...
71
10K
5846
2,210
(2)The impact of a decrease in input would have resulted in the opposite impact on estimated fair value. For embedded derivatives, changes to direct and assumed guaranteed minimum benefits are based on liability positions.
34
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008
312
CRO Assembly 2008: Risk management as a business enabler More than 80 risk experts from over 20 countries took part last November in the CRO Assembly, an annual event at which chief risk offi cers (CROs) from the insurance industry meet to discuss current trends in risk management.
48
annual_report
NatixisSA-AR_2020
3,016
The procedures for customer onboarding are in line with the various regulatory requirements governing the prevention of money laundering and terrorist financing and compliance with embargoes and sanctions (AML-CTF), the prevention of corruption (Sapin II) and the prevention of tax avoidance (FATCA, AIE, DAC6). The onbo...
62
annual_report
SwissLifeHoldingAG-AR_2004
1,704
Maturity of mandatory convertible securities (MCS II) in 2004 On 30 December 2004, the 1.00% mandatory convertible securities (MCS II) issue totalling CHF 341 million matured. 1586098 SLH shares equal to the number of SLH shares required under the conversion ratio were created upon issuance of the MCS II. As an adjustm...
80
annual_report
TrygAS-AR_2008
1,600
Gross claims incurred -5 0 Interest on insurance provisions -6 -8 Technical result -11 -8 Return on investment activities after transfer to insurance activities 57 78
26
annual_report
HannoverRueckSE-AR_2013
428
Marine Our marine business fared very well in the year under review. Hannover Re ranks among the market leaders here in a number of regions. The strategy guiding our underwriting policy continues to be geared towards further selective diversification of the portfolio. Thus, for example, we gained additional market shar...
110
annual_report
nl_ing_grp-AR_2019
3,322
In order to measure the sensitivity of the target CET1 ratio against FX rate fluctuations, the
16
annual_report
fr_axa-AR_2013
8,864
This program continues to offer all employees health risk assessments and annual medical check-ups, followed by nutrition programs, stress management classes and sports activities. In 2013, 98% of AXA Mexico’s employees registered to participate in this program. On the business side, the program also helped AXA Mexico ...
58
annual_report
754
426
AAG, GALIC and Loyal rent office space in Cincinnati, Ohio totaling nearly 200,000 square feet under leases expiring primarily in 2006 through 2008. Several of the Company's non-insurance subsidiaries lease marketing and administrative offices in locations throughout the United States.
40
10K
4440
1,346
Excluding prior year development, the loss ratio for the year ended December 31, 2011 increased by 8.0 loss percentage points as compared to the same period in 2010 due to higher levels of catastrophe losses occurring in the year ended December 31, 2011. Catastrophe losses net of reinsurance recoveries and including re...
136
10K
4288
681
(14) Percentage of IFP submitted applications from applicants sourced through eHealth’s network of marketing partners. See note (2) above for further information as to what constitutes a submitted application.
29
10K
HannoverRueckSE-AR_2015
1,327
Dr. Andrea Pollak Member of the • Supervisory Board • Nomination Committee
12
annual_report
1744
510
Net income increased $39, or 9%. These increases were driven by the growth in revenues in other investment products described above, the favorable impact of Fortis and the lower effective tax rate related to the individual annuity business.
38
10K
4808
2,214
AIG's loss reserve analyses do not generally provide a range of loss reserve estimates. A large portion of the loss reserves from AIG Property Casualty business relates to longer-tail casualty classes of business, such as excess casualty and D&O, which are driven by severity rather than frequency of claims. Using the r...
165
10K
PowszechnyZakladUbezpieczenSA-AR_2020
2,468
The Management Board convenes an Extraordinary Shareholder Meeting at its own initiative or in response to a written motion submitted by the Supervisory Board, a shareholder or shareholders representing at least 1/20th of the share capital. A motion can be filed electronically.
42
annual_report
3866
1,116
Commercial casualty is our largest business line. The decline in commercial casualty net written premiums reflected the intensifying competition in the casualty market. In addition, premiums for this business line can reflect economic trends, including changes in underlying exposures.
39
10K
1114
166
Income Tax Matters-Net Operating Losses At December 31, 1998, the Company had net operating loss carryforwards ("NOLs") for Federal regular and alternative minimum tax purposes of approximately $3.0 million and $2.6 million, respectively, expiring in 2011 and 2012. In addition, the Company had general business and reha...
236
10K
NatwestGroupPLC-AR_2008
3,072
Investigations The Group’s businesses and financial condition can be affected by the fiscal or other policies and other actions of various governmental and regulatory authorities in the United Kingdom, the European Union, the United States and elsewhere.
37
annual_report
5564
695
On November 20, 2018, the Company announced receipt of a non-binding indicative proposal dated November 15, 2018 from Employers Mutual to purchase all the outstanding common stock of the Company not already owned by Employers Mutual, and the formation of a special committee of the Company's board of directors to consid...
132
10K
AvivaPLC-AR_2009
3,242
Key elements of the release from prior accident year general insurance and health net provisions during 2009 were: — £230 million from the UK, including group reinsurance business, mainly due to an improved view of group reinsurance liabilities, and favourable development on personal and commercial motor claims, and co...
55
annual_report
Sampoplc-AR_2005
651
Hedge accounting is applied to hedges that are effective in relation to the hedged risk and meet the hedge accounting requirements of IAS 39. The hedging relationship between the hedging instrument and the hedged item, as well as the risk management objective and strategy for undertaking the hedge, are documented at th...
116
annual_report
722
96
The Company sells its products through a broad distribution network comprised of wholesale and retail distribution channels. Wholesale distributors are unaffiliated entities that sell the Company's products to their own customer base and include investment broker/dealers, pension plan administrators and financial insti...
130
10K
4867
3,074
Retail medium-term notes. Prudential Financial also maintains a retail medium-term notes program, including the InterNotes® program, under its shelf registration statement with an authorized issuance capacity of $5.0 billion. As of December 31, 2014, the outstanding balance of retail notes was $375 million. Retail note...
83
10K
fr_axa-AR_2014
7,295
TOTAL – PROPERTY & CASUALTY INCLUDING INTERNATIONAL INSURANCE 33,010 10,413 1,204 140 44,767 14,935 59,702
15
annual_report
4326
760
Effective June 1, 2009 through December 31, 2009, the Company obtained $60,000,000 of coverage via a catastrophe risk-linked transaction contract in the event UPCIC’s catastrophe coverage is exhausted. The total cost of the Company’s risk-linked transaction contract is $11,100,000.
39
10K