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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...
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...
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 stre...
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 ...
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 “Administ...
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 implement...
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 collate...
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 gua...
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 Direc...
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 insu...
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 accounte...
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 fai...
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 ...
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...
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 ...
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 expense...
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 benefit...
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 subsid...
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. Ho...
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 co...
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 i...
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 ...
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 pu...
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...
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 acqu...
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 ...
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...
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...
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 con...
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 ar...
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 e...
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 sy...
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 ...
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 calculati...
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 insu...
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 ...
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 Ad...
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 prov...
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 agre...
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...
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 t...
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...
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...
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 ca...
107
annual_report