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4146 | 931 | The adoption of this updated accounting guidance as of April 1, 2009 resulted in a cumulative effect adjustment of $122 million, net of tax, which was reclassified to Accumulated other comprehensive income (AOCI) from Retained earnings on the Consolidated Statement of Equity. The cumulative effect adjustment represents the non-credit component of those previously impaired fixed maturity securities that are still considered OTTI, and the entire amount previously recorded as an OTTI loss on fixed maturity securities no longer considered OTTI as of April 1, 2009. | 85 | 10K |
AssicurazioniGeneraliSpA-AR_2014 | 3,787 | N et tr an sf er s ou t o f L | 12 | annual_report |
AegonNV-AR_2015 | 760 | At present, Aegon the Netherlands mostly offers ‘annuity mortgages’. Before 2013, Aegon the Netherlands also offered interest-only, unit-linked and savings mortgage loans, and is continuing to do so for existing mortgage loans that are being renegotiated. Mortgage loans are partly funded by issuing residential mortgage-backed securities in Saecure – Aegon’s | 50 | annual_report |
NatixisSA-AR_2018 | 1,479 | It issues an opinion on how well Natixis’ compensation policy complies with current regulation, particularly regarding the Company’s regulated staff. | 20 | annual_report |
5557 | 2,114 | As described in Note 4, Outstanding Exposure, Non-Financial Guaranty Insurance, the Company, through AGRO, assumes non-financial guaranty business from third party insurers (Assumed Non-Financial Guaranty Business). It also retrocedes some of this business to third party reinsurers. A downgrade of AGRO’s financial strength rating by S&P below “A” would require AGRO to post, as of December 31, 2018, an estimated $2 million of collateral in respect of certain of its Assumed Non-Financial Guaranty Business. A further downgrade of AGRO’s S&P rating below A- would give the company ceding such business the right to recapture the business for AGRO’s collateral amount, and, if also accompanied by a downgrade of AGRO's financial strength rating by A.M. Best Company, Inc. below A-, would also require AGRO to post, as of December 31, 2018, an estimated $8 million of collateral in respect of a different portion of AGRO’s Assumed Non-Financial Guaranty Business. AGRO’s ceded contracts generally have equivalent provisions requiring the assuming reinsurer to post collateral and/or allowing AGRO to recapture the ceded business upon certain triggering events, such as reinsurer rating downgrades. | 179 | 10K |
RaiffeisenBankInternationalAG-AR_2012 | 276 | The Working Committee held eight meetings in the 2012 financial year. The Audit and Personnel Committees each held two meetings, and the Remuneration Committee three. | 25 | annual_report |
ASRNederlandNV-AR_2009 | 986 | For the maximum useful life of the components, please refer to the summary in chapter 2.16. | 16 | annual_report |
4233 | 616 | The fair value of our investment portfolio fluctuated during 2010 with the fluctuation in market yields. Additionally, certain sectors remain somewhat dislocated, making it difficult to value some securities. As a result, certain valuations require greater estimation and judgment, as well as valuation methods that are more complex. These values may not ultimately be realizable in a market transaction, and such values may change rapidly as market conditions change and valuation assumptions are modified. See Note 2 to our consolidated financial statements for details on the nature of our net unrealized gain position and Note 4 for discussion of our valuation methods. | 102 | 10K |
fr_axa-AR_2015 | 1,049 | increased by €318 million (+4%), driven by a €293 million increase in Group Protection driven by both tariff and volume increases and a €47 million increase in Individual | 28 | annual_report |
5843 | 713 | gross margins was 4.94% in 2020, 5.23% in 2019 and 5.48% in 2018. The liability for future policy benefits for nonparticipating traditional life insurance is computed using a net level method, including assumptions as to mortality, persistency and interest and includes provisions for possible unfavorable deviations. | 46 | 10K |
BaloiseHoldingLtd-AR_2013 | 2,882 | Fees and commission for financial assets and liabilities not recognised at fair value – 25.3 – 25.6 | 17 | annual_report |
HelvetiaHoldingAG-AR_2016 | 2,038 | Revaluation from reclassification of property and equipment – – – – 0.0 0.8 0.0 0.8 | 15 | annual_report |
de_allianz-AR_2007 | 1,982 | The following table summarizes total revenues, operating profit and net income for each of the segments and the Allianz Group for the years ended December 31, 2007, 2006 and 2005. | 30 | annual_report |
INGGroepNV-AR_2008 | 2,563 | Credit risk (including Transfer risk) 8,686 7,503 Market risk 10,349 7,407 | 11 | annual_report |
fr_axa-AR_2008 | 6,119 | The term “dividends” used in the following discussion means dividends within the meaning of the relevant income tax treaties where applicable, or, where not defined by such treaties, within the meaning of French domestic tax law as set forth in administrative guidelines dated February 25, 2005 (4 J-1-05) (the “Administrative Guidelines”). | 51 | annual_report |
fr_axa-AR_2019 | 9,153 | Terms of Reference include a number of specific provisions concerning members of the Board of Directors and corporate off icers, including the following: Compensation | 24 | annual_report |
2269 | 439 | Business Combinations - On June 29, 2001, Statement of Financial Accounting Standards (SFAS) FAS No.141, "Business Combinations" (SFAS No.141) was approved by the FASB. SFAS No. 141 requires that the purchase method of accounting be used for all business combinations initiated after June 30, 2001. The Company implemented SFAS No.141 on July 1, 2001. Adoption of the Statement did not have a material impact on the Company's financial position or results of operations. | 73 | 10K |
gb_prudential-AR_2005 | 3,488 | In 2005, there is no tax relating to discontinued operations (2004: £14 million credit) (see note F6). | 17 | annual_report |
4116 | 1,744 | Mortgage Loans - The impaired mortgage loans presented above were written down to their estimated fair values at the date the impairments were recognized. Estimated fair values for impaired mortgage loans are based on observable market prices or, if the loans are in foreclosure or are otherwise determined to be collateral dependent, on the estimated fair value of the underlying collateral, or the present value of the expected future cash flows. Impairments to estimated fair value represent non-recurring fair value measurements that have been categorized as Level 3 due to the lack of price transparency inherent in the limited markets for such mortgage loans. | 104 | 10K |
4815 | 2,251 | At December 31, 2013, RenaissanceRe had provided guarantees in the aggregate amount of $50.8 million to certain counterparties of the weather and energy risk operations of Renaissance Trading, subsequently renamed as Munich Re Trading LLC, one of the entities acquired by Munich in the REAL transaction. Although the guarantees issued by RenaissanceRe to certain counterparties of Renaissance Trading remained in effect at December 31, 2013, in conjunction with the purchase agreement of REAL, Munich has agreed, effective October 1, 2013, to indemnify RenaissanceRe against any liabilities, losses and damages that may arise as a result of any transaction between Renaissance Trading and a counterparty that has been provided a guarantee by RenaissanceRe. | 112 | 10K |
GjensidigeForsikringASA-AR_2020 | 1,209 | • Compensated for emissions by purchasing Golden Standard carbon offsets. • Signed TCFD (Task Force on Climate-related Financial Disclosures). | 19 | annual_report |
4298 | 1,400 | written off. At December 31, 2010, $8.2 million of the total reinsurance recoverable balance was overdue by more than 90 days, $2.2 million of which was collateralized. | 27 | 10K |
DirectLineInsuranceGroupPLC-AR_2012 | 33 | • Extended the presence of Churchill and Privilege Motor and Home products to the four major UK PCWs | 18 | annual_report |
2226 | 593 | We have agreed that we will not declare or pay dividends on any class or series of stock except for regular cash dividends as long as any Series C redeemable preferred stock is outstanding. Regular cash dividends are defined as regular, fixed, quarterly or other periodic cash dividends as declared by our Board of Directors as part of the stated cash dividend policy and do not include any other dividends or distributions, such as extraordinary, special or otherwise non-recurring dividends. We have also agreed that we will not pay dividends if we are in default of the revolving line of credit agreement described above, or in default of the Subordinated Deferrable Interest Note Agreement with FBL Financial Group Capital Trust. | 120 | 10K |
AvivaPLC-AR_2010 | 2,032 | Aviva plc Annual Report and Accounts 2010 Shareholder information continued may therefore, when applied to such products, have a material adverse effect on the financial condition of the relevant long-term business fund of the company in which the business was written. | 41 | annual_report |
5265 | 1,282 | The U.S. GAAP accounting and our adjusted operating income treatment for our guarantees differ depending upon the specific contractual features. Under U.S. GAAP, the reserves for GMDB and GMIB are calculated based on best estimates applying our actuarial and capital markets return assumptions in accordance with an insurance fulfillment accounting framework whereby a liability is established over time representing the portion of fees collected that is expected to be used to satisfy the obligation to pay benefits in future periods. The risks associated with these benefit features are retained and results are included in adjusted operating income in a manner generally consistent with U.S. GAAP. | 105 | 10K |
4987 | 398 | AltaLink’s electricity transmission system includes approximately 7,800 miles of transmission lines and approximately 300 substations. | 15 | 10K |
INGGroepNV-AR_2014 | 1,490 | Ancillary positions/conflicting interests No member of the Executive Board has corporate directorships at listed companies outside ING. This is in accordance with ING Group’s policy to avoid conflicts of interest. | 30 | annual_report |
ch_zurich_insurance_group-AR_2016 | 1,424 | J. Howell – – G. Quinn – – C. Reyes – – G. Shaughnessy1 – – J. Shea – – | 20 | annual_report |
AvivaPLC-AR_2020 | 572 | During 2020, we completed the disposals of a majority shareholding in Friends Provident International Limited, a majority shareholding in Aviva Singapore and our joint ventures in Indonesia and Hong Kong. We have also announced the disposals of our Italian joint venture, Aviva Vita, and our entire business in Vietnam. | 49 | annual_report |
5862 | 1,157 | The Company generates revenue by delivering qualified calls, leads and click transactions (“Consumer Referrals”) to its buyer customers who acquire Consumer Referrals (“customers” or “buyers”) on its technology platform. | 29 | 10K |
4811 | 1,805 | Tax credit and renewable energy partnerships derive a significant source of investment return in the form of income tax credits or other tax incentives. Where tax credits are guaranteed by a creditworthy third party, the investment is accounted for under the effective yield method. Otherwise, the investment is accounted for under the equity method. | 54 | 10K |
4983 | 933 | The Company manages interest rate risk to maximize the return on the Company’s capital and to preserve the value created by its business operations within certain constraints. As such, certain management monitoring processes are designed to minimize the effect of sudden and/or sustained changes in interest rates on fair value, cash flows, and net interest income. The Company manages its exposure to interest rates principally by managing the relative matching of the cash flows of its liabilities and assets | 79 | 10K |
AssicurazioniGeneraliSpA-AR_2014 | 4,795 | Previous accident year loss: is the ratio between: — previous year incurred claims + related claims management costs net of recoveries and reinsurance to | 24 | annual_report |
2379 | 1,229 | CNA's estimated gross pretax losses for the WTC event, recorded in 2001,were $1,648.0 million pretax ($958.3 million after-tax and minority interest). Net pretax losses before the effect of corporate aggregate reinsurance treaties were $727.0 million. Approximately 1.0%, 59.0% and 29.0% of the reinsurance recoverables on the estimated losses related to the WTC event are from companies with Standard & Poor's ("S&P") ratings of AAA, AA or A. | 67 | 10K |
4908 | 12,168 | Sirius Group’s GAAP combined ratio was 76% for 2014 compared to 82% for 2013. The decrease was due to lower catastrophe losses and higher favorable loss reserve development, partially offset by higher acquisition and incentive compensation expenses. The 2014 combined ratio included 7 points ($59 million) of catastrophe losses, including $18 million from flooding in the Jammu and Kashmir regions in India and $8 million from Cyclone Hudhud in eastern India and Nepal, compared to 10 points ($85 million) of catastrophe losses in 2013. Favorable loss reserve development was 11 points ($98 million) in 2014 primarily due to decreases in property loss reserves, including reductions for prior period catastrophe losses, in addition to decreases in aviation, accident and health, and casualty loss reserves. Favorable loss reserve development was 6 points ($48 million) in 2013 primarily due to reductions in property loss reserves, including $24 million of favorable loss reserve development on prior year’s catastrophe losses. | 155 | 10K |
2084 | 1,196 | interest crediting will cease and additional claim payments are recoverable from the reinsurer. The funds withheld liability is recorded in reinsurance balances payable in the Consolidated Balance Sheets. | 28 | 10K |
de_allianz-AR_2014 | 292 | Principles and function of the Supervisory Board The German Co-Determination Act (“Mitbestimmungsgesetz”) does not apply to Allianz SE because it has the legal form of a European Company (SE). The size and composition of the Supervisory Board are instead determined by general European SE regulations. These regulations are implemented in the Statutes and by the Agreement concerning the Participation of Employees in Allianz SE dated 3 July 2014 (hereinafter “SE Agreement”). | 71 | annual_report |
807 | 273 | The statutory combined ratio (after policyholder dividends) was 90.2, which produced a GAAP underwriting gain of $3.2 million. The statutory combined ratio of 92.5 for 1996 resulted in a GAAP underwriting gain of $1.8 million. The 1997 growth in earned premiums outpaced the increase in losses and loss adjusting expenses, resulting in a 2.8-point improvement in the loss and loss adjusting expense ratio. | 63 | 10K |
5700 | 6,485 | Because the discount rate includes the NPA spread and other explicit risk margins, the U.S. GAAP valuation is generally less sensitive to movements in interest rates and other market factors, and to changes from actuarial assumption updates, than the economic hedge target. | 42 | 10K |
BaloiseHoldingLtd-AR_2011 | 633 | Number of active pSU as of 31 December 2010 78,524 82,215 – | 12 | annual_report |
HannoverRueckSE-AR_2011 | 1,160 | ment on the basis of balanced risk/return analyses. In this con | 11 | annual_report |
ScorSE-AR_2010 | 3,178 | EUR 15.96 per share (including EUR 7.8769723 of nominal value and EUR 8.0830277 of issuance premium, the Board of Directors acknowledged, on 28 July 2010 : the issuance, on 15 June 2010, in consideration of the dividend, of 2,647,517 new shares of a nominal value of EUR 7.8769723 each, with entitlement to all benefits as of the 1 January 2010, and | 62 | annual_report |
AegonNV-AR_2007 | 788 | EUR 15 million related to the accelerated amortization of deferred expenses, as well as higher spending costs and lower interest margins. The increase in expenses is related to the repositioning of AEGON Bank, increased sales activity and a higher allocation of distribution expenses. | 43 | annual_report |
Sampoplc-AR_2006 | 816 | Sampo Plc sold during 2005 its Polish subsidiaries, Sampo PTE S.A. engaged in investment services and life insurance company Sampo | 20 | annual_report |
StandardLifeAberdeenPLC-AR_2008 | 1,134 | The liabilities in respect of the UK subordinated guaranteed bonds and Mutual Assurance Capital Securities plus the subordinated debt issued by the Canadian companies form part of covered business and have been deducted at market value within the EEV. The Canadian subordinated liability is owned by a non-covered subsidiary of the Group, where the asset is valued on an amortised cost basis. Total Group EEV has been adjusted to exclude the difference between the market value and the amortised cost value of the Canadian subordinated liability. | 86 | annual_report |
2335 | 1,570 | The “Foreign Currency Translation” component of other comprehensive income shown on the Consolidated Statements of Shareholders’ Equity is net of Federal income tax expense (benefit) of $31.3 million, $31.7 million and $(16.1) million for 2003, 2002 and 2001, respectively. | 39 | 10K |
fr_axa-AR_2011 | 8,343 | Derivative instruments relating to fi nancing debt, operating debt and other fi nancial liabilities - 503 - | 17 | annual_report |
AvivaPLC-AR_2015 | 709 | } Achieved VNB growth from key distribution channels across priority markets, with strong increases in Protection business | 17 | annual_report |
AvivaPLC-AR_2015 | 373 | Digital talent Digital First is crucial to our future success and we’ve been working hard to find world class talent to complement the great people we have already. We’ve made a number of senior appointments in our digital business, who bring expertise from a range of sectors, including retail, media and technology. However, the shortage of digital skills in the current marketplace is unprecedented, and alongside recruitment, we are using more innovative approaches to access the skills we need, such as collaborating with and investing in start-ups, and working with universities. For example in 2015, we held an innovation event, DigitalOn, with the Politecnico university in Milan, and continued to work with start-ups in our Digital Garage. | 117 | annual_report |
TopdanmarkAS-AR_2011 | 223 | Taxation Given a corporation tax rate of 25%, the tax charge is expected to be DKK 370-410m. | 17 | annual_report |
318 | 217 | Gross premiums written $ 99,282 $ 97,084 Net premiums written 87,715 89,139 Net premiums earned 88,648 89,735 | 17 | 10K |
Sampoplc-AR_2018 | 2,685 | • Insurance products are developed proactively to meet clients’ changing needs and preferences. | 13 | annual_report |
RSAInsuranceGroupPLC-AR_2007 | 1,303 | Acquisition costs deferred during the year 766 771 Amortisation charged during the year (705) (761) | 15 | annual_report |
SwissLifeHoldingAG-AR_2019 | 1,106 | – Asset Managers offers students employment opportunities while they are studying. | 11 | annual_report |
gb_prudential-AR_2018 | 4,101 | Tax�on�non-operating�profit (31) (46) (97) 4 (170) Actual�tax�rate: Adjusted�IFRS�operating�profit�based�on�longer-term� investment�returns: Including�non-recurring�tax�reconciling�items 14% 16% 19% 15% 16% Excluding�non-recurring�tax�reconciling�items 14% 16% 20% 16% 16% | 21 | annual_report |
HelvetiaHoldingAG-AR_2001 | 126 | The Board of Directors recommends as his successor Peter Wagner. After his long career as CEO of Danzas and member of the managing Board of the Deutsche Post he is currently Chairman of the Board of the Vontobel Holding. | 39 | annual_report |
3396 | 212 | In order to analyze the impact of net investment income and interest credited to policyholders on net income, we review the difference between net investment income and the sum of interest credited to contractholder funds and the implied interest on immediate annuities with life contingencies, which is included as a component of contract benefits on the Consolidated Statements of Operations and Comprehensive Income ("investment spread"). The investment spread by product group is shown in the following table. | 77 | 10K |
530 | 124 | Policy benefits and payments increased $40,053 thousand to $98,966 thousand in 1996 from $58,913 thousand in 1995. Surrender benefits increased by $30,054 thousand, essentially due to increased variable and fixed annuity withdrawals and contract surrenders. The life insurance lapse rate, which is based upon amount of insurance in force, remained at 7.1% for both 1996 and 1995. Death claims, net of reinsurance, grew to $25,168 thousand in 1996 from $16,268 thousand in 1995, which is due to an increase in the life insurance in force and worse than expected mortality. Although mortality experience declined during 1996, C.M. Life does not believe this is an indication of future trends. | 108 | 10K |
4225 | 2,826 | •if the AIG Board of Directors determines, after consultations with the Department of the Treasury, that due to events affecting AIG's insurance subsidiaries, AIG Parent's reasonably projected aggregate liquidity (cash, cash equivalents and commitments of credit, but not the Series G Drawdown Right) will fall below $8 billion within 12 months of the date of such determination, raise the greater of $2 billion and the amount of the projected deficit; | 70 | 10K |
5418 | 626 | 2016 compared to 2015-Technology and content expenses decreased $3.6 million, or 10%, in 2016 compared to 2015, due to a decrease in personnel costs resulting from lower headcount. | 28 | 10K |
gb_prudential-AR_2000 | 321 | Non-Executive Directors’ Remuneration Fees for individual non-executive directors had been unchanged since July 1996. The fees payable to non-executive directors were increased from £25,000 per annum to £32,500 per annum with effect from 1 June 2000. The non-executive directors used the net amount of the increase to purchase shares in the Company, which they will hold until their retirement from the Board, and it is intended that these arrangements will continue each year. In 2000 the fee received by the Chairman was increased from £175,000 per annum to £300,000 per annum on the election of Sir Roger Hurn as Chairman at the Annual General Meeting in that year. The former Deputy Chairman, Michael Abrahams, received a fee of £45,000 per annum until his retirement at the Annual General Meeting in May 2000. During his appointment he also received a fee of £20,000 per annum as a non-executive director of Scottish Amicable Life. In addition, Sandy Stewart, as Chairman of the supervisory board of the Scottish Amicable Insurance Fund, received a fee of £25,000 per annum and Roberto Mendoza, as Chairman of Egg from 10 May 2000, received a fee at the rate of £75,000 per annum. | 196 | annual_report |
4390 | 550 | The 2011 results of our personal and business insurance segments were impacted by record level weather-related catastrophe losses, primarily arising from a hurricane, tornadoes, and wind and hail storms which impacted 32 of our operating states, including Hurricane Irene and devastating tornadoes in Tuscaloosa, Alabama and Joplin, Missouri. Our 2011 results included catastrophe losses of $231.1 million (16.2 loss ratio points) compared to $99.0 million (7.9 loss ratio points) and $90.3 million (7.7 loss ratio points), respectively, in the same 2010 and 2009 periods. | 84 | 10K |
77 | 476 | At the request of the Illinois Department of Insurance, BML has informed the Illinois Department in writing that it currently has no intention to declare or pay any dividends in 1995 and that it will give the Illinois Department advance notice if there is a change in the company's intention. | 50 | 10K |
HiscoxLtd-AR_2012 | 1,409 | Liability for 2003 to 2012 accident years recognised on Group’s balance sheet | 12 | annual_report |
1988 | 917 | Income taxes. For fiscal year 2001 our effective tax rate was approximately 52%. For fiscal year 2000 our income tax expense approximated an effective tax rate of 38%. The effective rate for fiscal year 2001 was higher due to the non-deductible nature of the goodwill and other intangible assets acquired in the PCS acquisition. | 54 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2018 | 3 | » Key figures (IFRS) – Munich Re at a glance (XLS, 37 KB) | 13 | annual_report |
BaloiseHoldingLtd-AR_2005 | 2,263 | credit risk increases with the increasing concentration of counterparties in a given industry and region. economic developments affecting entire segments and regions may jeopardize the ability to pay of an entire group of otherwise independent counterparties. For this reason, the Baloise Group continually observes the counterparty portfolio and monitors the risk of default on a Group-wide basis. | 57 | annual_report |
NatixisSA-AR_2007 | 8,477 | 1.2 Agreements approved by the Supervisory Board of Ixis CIB before the merger within Natixis 1.2.1 “Clic’n Trade” partnership and service agreement between Ixis CIB, CNCE and Banque Palatine | 29 | annual_report |
gb_lloyds_banking_grp-AR_2008 | 2,551 | For the other 50 per cent of the award (the ‘TSR Award’) – the performance condition was as described for May 2006 with the relevant performance period commencing on 8 March 2007 (the date of award) and ending on 7 March 2010. | 42 | annual_report |
5724 | 634 | During the year ended March 31, 2019, options to exercise 2,106,875 shares expired and at March 31, 2019, no stock options were outstanding. | 23 | 10K |
INGGroepNV-AR_2008 | 166 | Insurance Americas 17 Insurance Asia/Pacific 6 Wholesale Banking 26 Retail Banking 24 ING Direct 12 Total 100 | 17 | annual_report |
4674 | 1,542 | Net cash provided by financing activities was $66.8 million for the year ended December 31, 2012 compared to net cash provided by in 2011 of $19.4 million. In 2012, cash provided by financing activities primarily included the receipt of $43 million from entering into repurchase agreements, $25 million from the issuance of convertible senior notes, the contribution of approximately $23 million from non-controlling interests to our subsidiaries and the issuance of promissory notes of $13 million, partially offset by dividend payments of approximately $30 million and principal payment of debt obligations of approximately $14 million. In 2011, cash provided by financing activities primarily included the receipt of $175 million from the issuance of our convertible senior notes and the contribution of approximately $25 million from non-controlling interests to our subsidiaries partially offset by the repayment on repurchase agreements in the amount of approximately $156 million, dividend payments of approximately $20 million and principal payment of debt obligations of approximately $15 million. | 161 | 10K |
3150 | 1,107 | Book value per common share was $6.41 at December 31, 2006 after considering convertible preferred shares. | 16 | 10K |
Sampoplc-AR_2009 | 2,098 | In 2008, Georg Ehnrooth was a member of the Board of Directors as a chairman and Lydur Gudmundsson as a member. The remuneration for the chairman was 160,000 euro and for the member 80,000 euro. | 35 | annual_report |
2014 | 586 | Trenwick and the Company's wholly owned subsidiary, LaSalle Re, entered into a Transfer and Purchase Agreement, a Quota Share Retrocession Agreement, a Bill of Sale, an Assignment Agreement, an Administrative Services Agreement and an Assignment of Reinsurance Recoverables and Other Receivables, each dated as of May 16, 2002, pursuant to which Trenwick and LaSalle Re sold to Endurance the in-force property catastrophe business of LaSalle Re as of April 1, 2002. Concurrent with the sale, substantially all of LaSalle Re's employees became employees of Endurance. The Quota Share Retrocession Agreement was a 100% quota share reinsurance agreement, with Endurance paying LaSalle Re a ceding commission of 25% of premiums ceded and additional profit sharing of 50% if the losses do not exceed a loss ratio of 45%. In addition, Endurance will have the right to renew LaSalle Re's in-force business as it expires in exchange for a 12.5% commission on the business renewed. Included in the Company's results for the year ended December 31, 2002 are $11.6 million in ceding commissions earned on the quota share agreement with Endurance as well as $6.0 million in amortization of acquisition costs on the related assumed business. The loss on sale of in-force business recorded during 2002 of $20.1 million is net of the non-recurring revenue and expense items incurred as a result of the sale, as detailed in the table below (in millions). | 231 | 10K |
5468 | 1,402 | Underwriting and other operating expenses decreased by $2.0 million, or 4.6%, to $41.9 million mostly due to lower personnel costs and net commissions. The operating expense ratio increased by 440 basis points, to 54.3% in 2017. | 36 | 10K |
fr_axa-AR_2014 | 4,056 | Company and the perception of its fi nancial strength. Additional regulatory developments regarding solvency requirements, including the proposed “Solvency II” regime, may further effect changes in the insurance industry’s solvency framework and prudential regime as well as associated costs. At this stage, there is continuing uncertainty regarding the fi nal outcome of the implementation process of Solvency II as well as the fi nal calibration of AXA’s internal model which is currently under discussion with the French Autorité de C ontrôle P rudentiel et de R ésolution (“ACPR”), and it is diffi cult to predict the ultimate outcome of these matters and how they could affect our results of operations, fi nancial condition and liquidity and the insurance industry more generally. For further information on the implementation of Solvency II , please refer to the | 135 | annual_report |
StandardLifeAberdeenPLC-AR_2017 | 974 | In the short term the proposed sale of our capital heavy insurance business may impact on customer flows as the implications of the proposed sale are assessed by our distribution partners. | 31 | annual_report |
3218 | 700 | Long-Lived Assets-In accordance with SFAS No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets, we evaluate other long-lived assets for impairment on a periodic basis or whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the asset exceeds its fair value. No long-lived assets were deemed impaired during the three-year period ended December 31, 2006. | 90 | 10K |
SwissReAG-AR_2019 | 6,096 | ESG rating distribution across our corporate credit and listed equities portfolio in % | 13 | annual_report |
5776 | 344 | Our commissions for the years ended December 31, 2019 and 2018 are summarized as follows: | 15 | 10K |
INGGroepNV-AR_2012 | 461 | Total underlying income 9,019 9,286 Underlying operating expenses 6,154 6,144 Underlying additions to loan loss provisions 1,167 860 Underlying result before tax 1,698 2,282 Underlying cost/income ratio 68.2% 66.2% Underlying cost/income ratio (excl. market impacts) 64.1% 62.4% Customer balances: net production funds entrusted (EUR billion) 28 22 Customer balances: net production lending (EUR billion) 12 27 Underlying risk costs in bp of average risk-weighted assets 80 61 Risk-weighted assets (year-end, EUR billion, adjusted for divestments) 146 143 Underlying return on equity based on 10% core Tier 1** 7.6% 12.0% | 89 | annual_report |
PosteItalianeSpA-AR_2019 | 9,153 | Audit functions and the Audit functions of Group companies; ü further events with potential impacts on the SCIGR, including corporate project initiatives in specific operational areas, implemented or in the process of progressive implementation; ü the evidence acquired from management of the Whistleblowing reporting system; the Board of Statutory Auditors is not aware of critical situations or events that might suggest shortcomings in the internal control system of Poste Italiane overall and of BancoPosta RFC | 75 | annual_report |
4230 | 3,112 | In February 2008, the FASB revised the authoritative guidance for the accounting for transfers of financial assets and repurchase financing transactions. The new guidance provides recognition and derecognition guidance for a repurchase financing transaction, which is a repurchase agreement that relates to a previously transferred financial asset between the same counterparties, that is entered into contemporaneously with or in contemplation of, the initial transfer. The guidance is effective for fiscal years beginning after November 15, 2008. The Company’s adoption of this guidance on a prospective basis effective January 1, 2009 did not have a material effect on the Company’s consolidated financial position and results of operations. | 106 | 10K |
fr_axa-AR_2017 | 472 | (1) Annual Premium Equivalent (APE) represents 100% of new regular premiums plus 10% of single premiums, in line with EEV methodology. APE is Group share. | 25 | annual_report |
AegonNV-AR_2014 | 4,516 | The post-retirement health benefit liability amounted to EUR 226 million (2013: EUR 191 million). | 14 | annual_report |
5327 | 847 | We periodically review long-term assumptions underlying the projections of estimated gross margins and profits. These assumptions primarily relate to investment returns, policyholder dividend scales, interest crediting rates, mortality, persistency, and expenses to administer business. Assumptions used in the calculation of estimated gross margins and profits which may have significantly changed are updated annually. We expect these assumptions to be the ones most reasonably likely to cause significant changes in the future. Changes in these assumptions can be offsetting and we are unable to predict their movement or offsetting impact over time. | 91 | 10K |
4405 | 2,493 | On April 8, 2011, AG Re and AGC filed a Petition to Compel Arbitration with the Supreme Court of the State of New York, requesting an order compelling Ambac to arbitrate Ambac's disputes with AG Re and AGC concerning their obligations under reinsurance agreements with Ambac. In March 2010, Ambac placed a number of insurance policies that it had issued, including policies reinsured by AG Re and AGC pursuant to the reinsurance agreements, into a segregated account. The Wisconsin state court has approved a rehabilitation plan whereby permitted claims under the policies in the segregated account will be paid 25% in cash and 75% in surplus notes issued by the segregated account. Ambac has advised AG Re and AGC that it has and intends to continue to enter into commutation agreements with holders of policies issued by Ambac, and reinsured by AG Re and AGC, pursuant to which Ambac will pay a combination of cash and surplus notes to the policyholder. AG Re and AGC have informed Ambac that they believe their only current payment obligation with respect to the commutations arises from the cash payment, and that there is no obligation to pay any amounts in respect of the surplus notes until payments of principal or interest are made on such notes. Ambac has disputed this position on one commutation and may take a similar position on subsequent commutations. On April 15, 2011, attorneys for the Wisconsin Insurance Commissioner, as Rehabilitator of Ambac's segregated account, and for Ambac filed a motion with Lafayette County, Wis., Circuit Court Judge William Johnston, asking him to find AG Re and AGC to be in violation of an injunction protecting the interests of the segregated account by their seeking to compel arbitration on this matter and failing to pay in full all amounts with respect to Ambac's payments in the form of surplus notes. On June 14, 2011, Judge Johnston issued an order granting the Rehabilitator's and Ambac's motion to enforce the injunction against AGC and AG Re and the parties filed a stipulation dismissing the Petition to Compel Arbitration without prejudice. AGC and AG Re have appealed Judge Johnston's order to the Wisconsin Court of Appeals. | 364 | 10K |
632 | 904 | Despite the higher loss and loss expense ratio on a comparative basis, no significant adverse trends were experienced or identified during 1996. | 22 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2002 | 26 | Munich Re is guided by the principle of sustainability, even and particularly in these difficult times for our Group. We take what might be termed a holistic view of sustainable activity, one that embraces economic performance as well as cultural, social and, of course, ecological aspects. In all these areas we aspire to create growing and lasting value. To this end, we draw on experience from the past, combine it with prospective analysis, and actively shape our future now. Yesterday, tomorrow, today. | 82 | annual_report |
5058 | 1,573 | Non-deductible health insurance industry fee ("ACA Fee")-Beginning in 2014, the new healthcare reform legislation imposed an annual aggregate health insurance industry fee of $8.0 billion, increasing to $11.3 billion in 2015 (with increasing annual amounts thereafter) on health insurance premiums, including Medicare Advantage premiums, that is not deductible for income tax purposes. In 2017, the ACA Fee has been suspended for one year. Our effective income tax rate increased in 2014, and will remain at a higher level in future years in which the ACA fee is assessed. Our share of the ACA Fee is based on our pro rata percentage of premiums written during the preceding calendar year compared to the industry as a whole, calculated annually. The ACA Fee, first expensed and paid in 2014, adversely affects the profitability of our Medicare Advantage business and could have a material adverse effect on our results of operations. We paid a fee of $28.8 million in 2015 and $23.1 million in 2014, based on prior year net written premiums and estimate that the ACA Fee to be paid in 2016, based on 2015 net written premiums, will be approximately $25 million. Pursuant to GAAP, the liability for the ACA Fee will be estimated and recorded in full once the entity provides qualifying health insurance in the corresponding period with a corresponding deferred cost that is to be amortized to expense on a straight-line basis over the applicable calendar year. For statutory reporting purposes, the ACA Fee will be expensed on January 1 in the year of payment, rather than amortized to expense over the year. The ACA Fee is included in other operating costs; however, will be factored in when calculating the stipulated minimum MLR. | 285 | 10K |
NatixisSA-AR_2012 | 3,993 | FINANCIAL DATA5 Consolidated fi nancial statements and notes V under the German policies, the credit insurer is only liable for losses in excess of a deductible termed the Aggregate First Loss. This first loss contractually defines the amount of first losses that are not covered by the credit insurer. The coverage provided by Coface Kredit via these policies is similar to “Natural disaster” type coverage. An analysis of these structures shows that the amount of the first loss is systematically higher than the expected loss, namely the average losses expected over the year. Accordingly, the “majority of risks” criterion is deemed not to be satisfied. The SPEs involved in these structures are accordingly not consolidated; V the French policies taken out by Coface rarely include noncovered “first losses”. But the policies only cover a small portion of the receivables held by the SPE. Furthermore, the quality of portfolio risk covered by Coface, compared to that borne by the other stakeholders (other insurers, sponsors, sellers) is not such as to transfer the majority of the structure’s risks to Coface. Such entities are accordingly not consolidated. | 184 | annual_report |
4434 | 1,291 | We share certain office facilities and services with the IFBF and its affiliated companies. These expenses are allocated on the basis of cost and time studies that are updated annually and primarily consist of rent, salaries and related expenses, travel and other operating costs. We also have an expense allocation agreement with Farm Bureau Property & Casualty for the use of property and equipment. Expense relating to this agreement totaled $1.0 million in 2011, $1.3 million in 2010 and $1.0 million in 2009. | 83 | 10K |
NatwestGroupPLC-AR_2014 | 3,140 | Notes: (1) Excluding restructuring costs and litigation and conduct costs. (2) Private banking and wealth management activities outside of the British Isles, broadly indicative of the businesses being exited. (3) Return on equity is based on operating profit after tax divided by average notional equity (based on 12% of the monthly average of segmental RWAs; RWAs in 2013 and 2012 are on a Basel 2.5 basis). (4) From Q1 2015 business segment return on equity will be calculated based on operating profit after tax adjusted for preference share dividends divided by average notional equity (based on 13% of the monthly average RWAes). At 31 December 2014 the RWAes on this basis were £11.5 billion and the return on equity 6.1%. | 120 | annual_report |
2300 | 1,671 | In December 2002, the FASB issued Statement of Financial Standards No. 148, “Accounting for Stock-Based Compensation-Transition and Disclosure” (FAS 148), an amendment to FASB Statement of Financial Accounting Standards No. 123, “Accounting for Stock-Based Compensation” (FAS 123). Provisions of this statement provide two additional alternative transition methods: modified prospective method and retroactive restatement method, for an entity that voluntarily changes to the fair value based method of accounting for stock-based employee compensation. The statement eliminates the use of the original FAS 123 prospective method of transition alternative for those entities that change to the fair value based method in fiscal years beginning after December 15, 2003. It also amends the disclosure provisions of FAS 123 to require prominent annual disclosure about the effects on reported net income in the Summary of Significant Accounting Policies and also requires disclosure about these effects in interim financial statements. These provisions are effective for financial statements for fiscal years ending after December 15, 2002. Accordingly, the Company adopted the applicable disclosure requirements of this statement beginning with year-end 2002 reporting. The transition provisions of this statement apply upon adoption of the FAS 123 fair value based method. | 193 | 10K |
5594 | 1,385 | As a result of these arrangements, our International Insurance segment’s results for 2018, 2017 and 2016 reflect the impact of translating yen-denominated earnings at fixed currency exchange rates of 111, 112, 106 yen per U.S. dollar, respectively, and Korean won-denominated earnings at fixed currency exchange rates of 1150, 1130, and 1100 Korean won per U.S. dollar, respectively. We expect our 2019 results to reflect the impact of translating yen-denominated earnings at a fixed currency exchange rate of 105 yen per U.S. dollar and Korean won-denominated earnings at a fixed currency exchange rate of 1110 won per U.S. dollar. Since determination of the fixed currency exchange rates for a given year is impacted by changes in foreign currency exchange rates over time, the segment’s future earnings will ultimately be impacted by these changes in exchange rates. For PGIM and certain other currencies within International Insurance, the fixed currency exchange rates for the current year are predetermined during the third quarter of the prior year using forward currency exchange rates. | 168 | 10K |
GjensidigeForsikringASA-AR_2011 | 338 | operations Gjensidige Bank mainly targets private customers in Norway. The bank is operated from branch offices in Førde and Oslo. Gjensidige Bank ASA is a wholly-owned subsidiary of Gjensidige Bank holding AS, which in turn is a wholly-owned subsidiary of Gjensidige Forsikring ASA. Gjensidige Bank Boligkreditt AS is a wholly-owned subsidiary of Gjensidige Bank ASA. | 55 | annual_report |
4067 | 957 | The provisions of ASU 2009-16 are effective as of the beginning of the first fiscal year that begins after November 15, 2009, and for subsequent interim and annual reporting periods. The Company is currently in the process of determining the impact of adoption of the provisions of ASU 2009-16. | 49 | 10K |
Sampoplc-AR_2016 | 2,226 | A liability adequacy test is applied to all portfolios, company by company, and the need for augmentation is checked, company by company, on the basis of the adequacy of the whole technical provisions. The test includes all the expected contractual cash flows for non-unit-linked liabilities. The expected contractual cash flows include expected premiums, claims, bonuses and expenses. The claims have been estimated including surrenders and other insurance transactions based on historical data. The amounts of claims include the guaranteed interest and an estimation of future bonuses. The present values of the cash flows have been discounted to the balance sheet date by using a swap rate curve. | 107 | annual_report |
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