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in their values for an extended period of time until we are able to develop the potential of these investments and acquisitions and increase the revenues, profits and/or values of these investments. Ultimately, however, we may not be able to develop the potential of these assets that we anticipated.
49
10K
ch_zurich_insurance_group-AR_2004
1,455
Cash and cash equivalents as of January1 (opening balance) 8,444 1,589 10,033
12
annual_report
5851
6,059
In the first quarter of 2017, we entered into an adverse development reinsurance agreement with NICO, under which we transferred to NICO 80 percent of the reserve risk on substantially all of our U.S. Commercial long-tail exposures for accident years 2015 and prior. Under this agreement, we ceded to NICO 80 percent of ...
153
10K
fr_axa-AR_2010
4,509
Christopher Condron (b) “President” & CEO of AXA Financial, Inc. (United States) and Global Head of Life & Savings and Health
21
annual_report
3589
930
Although we continue to focus on expense management, the other expense ratio for 2007 increased in comparison to the prior year due primarily to our investment in brand and product promotion and the development of additional product offerings. Also, during 2006 we reported a one-time adjustment to commissions and opera...
62
10K
NatwestGroupPLC-AR_2005
1,534
Benefits UK-based executive directors are eligible to participate in The Royal Bank of Scotland Group Pension Fund (“the RBS Fund”).
20
annual_report
5364
1,744
The impact of reinsurance on benefit costs (health care costs for our Health Care segment and current and future benefits for our Group Insurance segment) for the years ended December 31 were as follows:
34
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007
207
In the renewals at 1 January 2008, we demonstrated that this strategy can be successful even in a competitive environment where prices are coming under increasing pressure. We renewed some two-thirds of our treaty business in property-casualty and kept average price erosion down to 2.8%. The market values our capital s...
106
annual_report
AvivaPLC-AR_2003
1,071
(iv) Operating profit in respect of general insurance business excluding health business, before exceptional items
15
annual_report
441
313
These investments subject the Company to market risk for positions where the Company does not hold an offsetting security. The Company controls this risk through monitoring procedures which include daily detailed reports of existing positions and valuation fluctuations. These reports are reviewed by members of senior m...
59
10K
AvivaPLC-AR_2004
2,150
Embedded value (net of tax) As reported returns returns values values capital 2004 £m £m £m £m £m (or equivalent)
20
annual_report
RaiffeisenBankInternationalAG-AR_2015
2,229
The following tables show the VaR (99 per cent, one day) for individual market risk categories of the trading and banking book. The Group’s VaR mainly results from long-term equity positions, structural interest rate risks, and credit spread risks of bonds, which are held as liquidity buffer. As of 2015, the equity pos...
66
annual_report
LloydsBankingGroupPLC-AR_2007
838
Mitigation As part of the annual business planning process, the Group develops a set of management actions to prevent or mitigate the impact on earnings in the event that business risks materialise. Additionally, business risk monitoring, through regular reports and oversight, results in corrective actions to plans and...
53
annual_report
HannoverRueckSE-AR_2017
384
Marine The rate decline in marine insurance continued in 2017, although it was less marked. Underlying factors such as the low oil price, the merely faltering growth of the global economy and excess capacities in the market for transportation of freight and cargo meant that there was no appreciable change in demand for...
101
annual_report
4032
1,406
When an SPE does not meet the QSPE criteria, consolidation is assessed pursuant to the accounting standard regarding consolidation of variable interest entities. Under this standard, a VIE is defined as an entity that: (1) lacks enough equity investment at risk to permit the entity to finance its activities without add...
148
10K
3155
1,799
Seven defendants have entered into settlement agreements with the plaintiffs, which have received final approval from the trial court. On June 16, 2006, the trial court filed an order in the Shane lawsuit which granted summary judgment on all claims in favor of Coventry. The trial court also granted summary judgment on...
200
10K
4309
670
Benefits and settlement expenses increased by $77.4 million, or 11.0%, for the year ended December 31, 2009, as compared to the year ended December 31, 2008, due to growth in retained life insurance in-force, increased retention levels on certain newly written traditional life products and higher credited interest on U...
117
10K
NatixisSA-AR_2015
9,862
Basel Committee on Banking Supervision, an organization bringing together the central bank governors of the G20 countries tasked with reinforcing the solidity of the global fi nancial system and the effectiveness of prudential supervision and cooperation among bank regulators.
39
annual_report
ASRNederlandNV-AR_2008
320
The table below shows a breakdown of ASR’s share capital as at 31 December 2008: Authorised capital - Ordinary shares: 1,000,000 at a par value of EUR 500 500 Subscribed and paid-up capital - Ordinary shares: 200,000 at a par value of EUR 500 100 Unsubscribed shares 400
48
annual_report
4098
3,208
The Company has elected fair value accounting for certain residential mortgage loans held-for-sale. The following table presents residential mortgage loans held-for-sale carried under the fair value option at:
28
10K
5831
1,951
MCIM, a wholly-owned consolidated subsidiary of the Company, is an insurance-linked securities investment fund manager and reinsurance manager headquartered in Bermuda. Results attributable to MCIM are not included in a reportable segment.
32
10K
4648
1,030
Incurred losses and LAE decreased by 0.8% to $700.3 million in 2012 compared to $705.9 million in 2011. This was primarily due to a decrease of $9.5 million (4.3 points) in attritional losses resulting primarily from lower prior years’ losses in 2012 resulting from development on excess casualty and California workers’...
90
10K
CNPAssurancesSA-AR_2005
2,936
Concerning the embedded value information, we obtained assurance that this information was consistent with the conclusions of the report issued by the independent actuary, BW Deloitte, on 8 March 2005, on its validation of the method used and its review of the calculations performed by CNP Assurances.
47
annual_report
fr_axa-AR_2017
4,561
14.5.2 Change in reinsurers’ share in liabilities arising from insurance and investment contracts
13
annual_report
3346
1,223
The net notes receivable included as part of the “Accounts and Notes Receivable, Net” asset category are available for sale and are carried at the lower of cost or market. Based on management’s experience, the carrying value approximates the fair value. Any changes in the net notes receivable balances are classified as...
55
10K
5113
2,103
For all periods disclosed above, fixed maturity securities transferred into Level 3 from Level 2 are the result of the Company being unable to obtain observable inputs for these investments in the market. Fixed maturity securities transferred out of Level 3 into Level 2 are the result of the Company being able to obtai...
76
10K
4323
1,127
expense associated with the establishment of the reserve on the consolidated balance sheet against the premiums from the transaction.
19
10K
GjensidigeForsikringASA-AR_2020
462
• The underwriting policy adopted by the Board sets out guidelines for the basic principles and responsibility for product and tariff development, risk selection and the stipulation of terms and conditions and pricing of individual risks.
36
annual_report
fr_axa-AR_2019
9,929
(d) Home/workplace commute estimations are based on an annual online transportation surveu, issued to every AXA salaried employee. This data has been collected from surveys answers by 19,563 FTEs and then extrapolated. Sites whose response rate was below 5% have been excluded from the data consolidation process.
47
annual_report
NatixisSA-AR_2019
7,638
354 NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2019 a) Amounts recognized on the balance sheet at December 31, 2019
17
annual_report
gb_prudential-AR_2000
164
New Business Achieved Profit Group new business achieved profit from insurance business of £613 million, which excludes profits from investment product sales, was £10 million (two per cent) ahead of prior year, with strong growth in the US and Asia offsetting a fall in the UK operations. The growth in new business achi...
72
annual_report
4962
1,224
As of January 1, 2015, our three largest modeled exposures to a single event loss at a 250-year return period were U.S. Hurricane, European Windstorm and U.S. Earthquake.
28
10K
NatwestGroupPLC-AR_2012
3,972
External appointments Non-executive director and chairman of the audit committee of Diageo plc
13
annual_report
fr_axa-AR_2007
69
(b) Includes investment income net of investment management costs, impairment, net realized investment gains and losses and net unrealized investment gains and losses on assets with financial risk borne by the policyholders and on assets designated as at fair value through profit & loss, including assets backing the UK...
51
annual_report
4183
9,105
Due to the uncertainty of the timing of future cash flows associated with our unrecognized tax benefits at December 31, 2010, we are unable to make reasonably reliable estimates of the period of cash settlement with the respective taxing authorities. Therefore, no unrecognized tax benefits have been excluded from this ...
81
10K
AegonNV-AR_2014
3,398
Insurance contracts for account of policyholders - 6,580 27,434 26,771 85,482 146,267
12
annual_report
4917
3,396
Allstate Protection had underwriting income of $2.36 billion in 2013 compared to $1.25 billion in 2012. Homeowners underwriting income was $1.42 billion in 2013 compared to $690 million in 2012, primarily due to decreased catastrophe losses, decreased loss costs excluding catastrophe losses and increased premiums earne...
146
10K
GjensidigeForsikringASA-AR_2020
3,843
Overview Gjensidige Forsikring ASA is the Group's parent company. As at 31 December 2020 the following companies are regarded related parties. See note 5 in Gjensidige Forsikring ASA for specification of subsidiaries and joint ventures.
35
annual_report
BaloiseHoldingLtd-AR_2007
1,707
Due to resolutions of the Annual General Meeting of 14th February 2008 of Baloise Fund Invest Advico, Luxembourg, of 28th February 2008 of Baloise Asset Management Schweiz AG, Basel, and the Baloise Asset Management International AG, Basel, of 29th February 2008 of Haakon AG, Basel, and of 11th March 2008 of Baloise Ba...
76
annual_report
AegonNV-AR_2015
3,735
20 Dividend per common share It will be proposed to the Annual General Meeting of Shareholders on May 20, 2016, absent unforeseen circumstances, to pay a final dividend for the year 2015 of EUR 0.13 per common share. After taking into account the interim dividend 2015 of EUR 0.12 per common share, this will result in a...
87
annual_report
2138
1,659
We pursue a differentiated strategy of building leading positions in specialized market segments for insurance products and related services in North America and selected other markets. We provide: creditor-placed homeowners insurance; manufactured housing homeowners insurance; debt protection administration; credit in...
66
10K
fr_axa-AR_2010
10,010
AXA confi rmed today it is in discussion to dispose part of its UK Life & Savings operations (06/14/2010)
19
annual_report
NatixisSA-AR_2007
1,836
The European asset managers now have access to a comprehensive offering spanning all traditional asset classes, i.e. money market, fi xed income, equities and real estate, and high value-added specialties such as CDOs, SRI products
35
annual_report
AdmiralGroupPLC-AR_2017
17
Admiral website went live making us the first UK direct insurer with an internet presence.
15
annual_report
NatwestGroupPLC-AR_2016
3,169
Customer deposits were broadly stable at £24.2 billion, a £1.2 billion increase in retail deposits was offset by a £1.1 billion reduction in commercial deposits.
25
annual_report
393
187
The Company operates in a highly competitive business environment, and its operations could be negatively affected by matters discussed under the caption, "Competition," on page 4 of this Form 10-K.
30
10K
5807
1,530
The maximum amount at risk related to our written credit default swaps is equal to the corresponding gross notional amount. In a replication transaction, we pair an asset on our balance sheet with a written credit default swap to synthetically replicate a corporate bond, a core asset holding of life insurance companies...
81
10K
3865
1,153
If the December 31, 2008 fair values of domestic qualified plan assets decreased by 10%, the accrued pension benefit liability would increase by approximately $225 million as of December 31, 2008 resulting in an after-tax decrease to shareholders’ equity of approximately $145 million.
43
10K
AegonNV-AR_2014
3,626
Impairment charges on financial assets, excluding receivables 1) 132 203 243
11
annual_report
4082
1,019
reference monotranches in such CDOs are typically rated double-A and each reference monotranche will typically be sized to approximately 3% of the overall reference risk pool. The inner referenced monotranches are not typically subject to acceleration and do not give control rights to a senior investor. The inner refer...
65
10K
5280
566
Reserves for Losses and Loss Expenses: The reserves for losses and loss expenses are determined using case basis evaluations and statistical analyses and represent estimates of the ultimate cost of all reported and unreported losses which are unpaid at year end. These reserves include estimates of future trends in clai...
105
10K
4986
1,142
In the first quarter of 2011, the Company entered into two interest rate swaps to convert interest on a portion of its Senior Notes from a fixed rate to a floating rate. The swaps are designated as fair value hedging instruments. The change in the fair value of the swaps is recorded on the balance sheet. The carrying v...
92
10K
RSAInsuranceGroupPLC-AR_2008
1,430
Current tax liabilities 5 – Accruals and other liabilities 71 70 Total liabilities 1,823 1,496 Total equity, reserves and liabilities 6,824 6,914
22
annual_report
HiscoxLtd-AR_2011
220
The survey shows Hiscox enjoys high employee engagement as we average in the top 80th percentile when compared with 127 companies based around the world. Particularly pleasing was our ‘intent to stay’ score which is in the 90th percentile.
39
annual_report
nl_ing_grp-AR_2017
3,416
Ireland Branch of ING Bank N.V. Wholesale banking 43 57 2,337 47 6
13
annual_report
5643
1,675
During 2018 we recorded $261.1 million gross unrecognized tax benefits for a policyholder reserves position taken on our 2017 federal tax return, which if recognized, would decrease our tax expense by $112.9 million. Included in the balance at December 31, 2018, is $148.2 million of unrecognized tax benefits for which ...
90
10K
AegonNV-AR_2008
645
variable annuity products resulted, net of hedging, in an underperformance in fair value items of GBP 15 million.
18
annual_report
de_allianz-AR_2019
949
Rule for Investments (EFRI). An overview of the Group’s key ESG integration processes is described below:  In the field of underwriting and investments in non-listed asset classes, ESG risks have been managed through the ESG-sensitive business guidelines outlined in the AS RRIM since 2014. For investments in listed as...
88
annual_report
RSAInsuranceGroupPLC-AR_2020
2,823
The fair value gains/losses on SPPI financial assets and other financial assets during the year are £144m gains (2019: £114m gains) and £80m losses (2019: £31m gains) respectively.
28
annual_report
5802
804
*** Dividend declared to shareholders divided by beginning of year book value
12
10K
4474
1,250
The following table summarizes, for all securities sold at a loss during 2011 and 2010, the aggregate fair value and realized loss by length of time those securities were continuously in an unrealized loss position prior to the sale date:
40
10K
ch_zurich_insurance_group-AR_2016
501
Changes to share capital during 2016 During 2016, a total of 202,442 shares were issued to employees out of contingent capital. As a result, on December 31, 2016, the share capital amounted to CHF 15,060,740.60 (150,607,406 shares) and both the authorized capital and the contingent share capital (as specified in Articl...
90
annual_report
1917
815
Management has planned that the Harbour Village project would be developed in three Phases with projected completion in 2005. Through December 31, 2002, the Company had outstanding borrowings of $17.0 million from an initial $37 million development and construction loan facility. The estimated completion cost for the r...
89
10K
Sampoplc-AR_2001
1,724
Income includes net income from financial operations, dividend income, fees and commissions receivable, net income from transactions in securities and foreign exchange dealing and other operating income. Intra-group items have not been eliminated.
33
annual_report
3070
175
- - Contractholder fund deposits totaled $9.54 billion for 2006 compared to $11.41 billion in 2005.
16
10K
RaiffeisenBankInternationalAG-AR_2009
447
Payment transfers Loan and guarantee business Securities business FX, notes/coins, precious metals business Other banking services in € million
19
annual_report
fr_axa-AR_2013
3,055
Compensation & Governance Committee, decided to maintain unchanged in 2013 the total cash compensation target of the
17
annual_report
4547
541
The reinsurance book of business is comprised of two major components. The first is the Home Office Reinsurance Assumed Department (“HORAD”), which includes the reinsurance business assumed by the reinsurance subsidiary through the quota share agreement and the business written directly by the reinsurance subsidiary ou...
74
10K
LloydsBankingGroupPLC-AR_2020
2,854
Notes: J E Daniels served as Group Chief Executive until 28 February 2011; António Horta-Osório was appointed Group Chief Executive from 1 March 2011. António Horta-Osório declined to take a bonus in 2011 and independently requested that he be withdrawn from consideration for a Group Performance Share award in 2019 and...
60
annual_report
2833
1,302
Losses and LAE and the resulting loss ratios for the years ended December 31, 2005 and 2004 were as follows ($ in thousands):
23
10K
4794
734
•Principal International, which offers retirement products and services, annuities, mutual funds, institutional asset management and life insurance accumulation products through operations in Brazil, Chile, China, Hong Kong SAR, India, Mexico and Southeast Asia.
33
10K
4392
776
In October 2010, the FASB issued ASU 2010-26, “Accounting for Costs Associated with Acquiring or Renewing Insurance Contracts” (“ASU 2010-26”). ASU 2010-26 provides specific types of costs that should be capitalized in connection with the acquisition or renewal of insurance contracts. Those costs include incremental di...
255
10K
NatixisSA-AR_2003
4,448
The dividend per share amounts to €1.550, plus a €0.775 tax credit.
12
annual_report
ASRNederlandNV-AR_2017
1,221
Kick van der Pol (Chairman) Annet Aris Cor van den Bos Herman Hintzen
13
annual_report
de_allianz-AR_2016
176
− Setting of concrete objectives for the composition of the Supervisory Board
12
annual_report
4225
1,068
See Debt - Debt Maturities - ILFC and Note 15 to the Consolidated Financial Statements for further details on ILFC's outstanding debt.
22
10K
1702
626
During 2000 White Mountains' investment in FSA provided a $3.6 million loss for the interim period though July 5, 2000 which resulted from realized investment losses in FSA's investment portfolio and increased expenses for employee equity-based compensation programs, which rose significantly after FSA's announcement of...
63
10K
SwissReAG-AR_2004
1,680
The estimated pre-tax claims in the life and health scenario (Table 3) are based on the average sum insured. It is assumed that excess mortality is evenly spread across the population, which does not allow for the typically lower mortality experienced among the insured population.
45
annual_report
gb_prudential-AR_2016
2,049
Remuneration in respect of performance periods ending in 2016 Long-term incentive plans with performance periods ending on 31 December 2016 Our long-term incentive plans have stretching performance conditions that are aligned to the strategic priorities of the Group. In deciding the portion of the awards to be released...
86
annual_report
AegonNV-AR_2005
374
All communications and filings are supervised by the Disclosure Committee instituted by AEGON in compliance with the United States’ Sarbanes-Oxley legislation. These communications and filings are made available on AEGON’s website www.aegon.com.
32
annual_report
5061
2,196
During the years ended December 31, 2015, 2014 and 2013, the Company granted an aggregate of 546,253, 505,997 and 503,097 restricted shares and restricted share units under the 2007 Plan, and assumed 841,926 (2014 - nil and 2013 - nil), the converted outstanding Montpelier restricted share units, adjusted to represent ...
165
10K
PosteItalianeSpA-AR_2015
697
Data Software Srl, which in turn owns a 100% interest in S.D.S. Nuova Sanità Srl, for a total consideration of €20.9 million. The transaction forms part of the wider strategy of broadening the Group’s offering of health insurance for individuals and groups of people. Both companies operate in the IT sector, providing s...
68
annual_report
PosteItalianeSpA-AR_2016
2,503
Goodwill impairment refers to Postel SpA, as described in section A3.
11
annual_report
5426
594
The table below presents our title insurance loss development experience for the past three years:
15
10K
PosteItalianeSpA-AR_2015
1,633
Other long-term employee benefits consist of benefits not payable within twelve months of the end of the reporting period during which the employees provided their services. Generally, there is not the same degree of uncertainty regarding the measurement of other long-term employee benefits as there is in relation to p...
50
annual_report
Sampoplc-AR_2004
1,876
Loans and advances to credit institutions –52 –55 Loans and advances to customers –2 –2 Debt securities
17
annual_report
INGGroepNV-AR_2008
3,260
The capital and credit markets have been experiencing extreme volatility and disruption for more than eighteen months. In the second half of 2008, the volatility and disruption reached unprecedented levels. In some cases, market developments have resulted in restrictions on the availability of liquidity and credit capa...
149
annual_report
AegonNV-AR_2008
3,022
In the preparation of the Opening Balance Sheet under IFRS as at January 1, 2004, business combinations prior to that date have not been restated and goodwill previously written off through equity has not been reinstated.
36
annual_report
2925
1,469
AIGFP continually monitors the underlying portfolios to determine whether the credit loss experience for any particular portfolio has caused the likelihood of AIGFP having a payment obligation under the transaction to be greater than super senior risk. AIGFP maintains the ability opportunistically to economically hedge...
167
10K
AvivaPLC-AR_2010
3,135
(iii) Guaranteed annuity options The Group’s UK with-profit funds have written individual and group pension contracts which contain guaranteed annuity rate options (GAOs), where the policyholder has the option to take the benefits from a policy in the form of an annuity based on guaranteed conversion rates. The Group a...
133
annual_report
4310
4,251
The Series A and Series B preferred shares (the “Preferred Shares”) rank senior to the Convertible Preferred Stock and the common stock with respect to dividends and liquidation rights. Dividends on the Preferred Shares are not cumulative. Holders of the Preferred Shares will be entitled to receive dividend payments on...
54
10K
796
556
The Company does not own any investments that qualify as derivatives as defined by Statement of Financial Accounting Standard No. 119, "Disclosure About Derivative Financial Investments and Fair Value of Financial Investments." Securities not designated as held-to-maturity have been designated as available- for-sale. T...
69
10K
fr_axa-AR_1999
4,651
Unrealized gains included in total assets at end of period 256 44
12
annual_report
3228
519
For tax year 2007, the Company has chosen to participate in the Service’s new Compliance Assurance Program (the “CAP”). Under CAP, the Service assigns an examination team to review completed transactions contemporaneously during the 2007 tax year in order to reach agreement with the Company on how they should be report...
109
10K
5816
458
The Company’s bond portfolio included 97% investment grade securities, as defined by the NAIC, at December 31, 2020.
18
10K
AegonNV-AR_2013
564
Aegon USA covers a range of different retirement plans, including: �� 401(k) - a type of deferred compensation plan sponsored by a corporation (including subchapter S), self-employed individual, sole proprietorship, partnership or non-profit organization; �� 403(b) - a type of deferred compensation plan for certain emp...
70
annual_report
ScorSE-AR_2020
5,148
APPENDIX D Additional information relating to the management report of the company and the Group – Correspondence table 355 1. Operating and financial review of SCOR SE 355 2. Trends in the SCOR SE share price throughout 2020 358 3. Social and environmental impact of SCOR’s activity 358 4. Consequences of respect of hu...
86
annual_report
AvivaPLC-AR_2017
4,068
Total comprehensive income attributable to non-controlling interests 192 301 Capital contributions from non-controlling interests 36 9 Non-controlling interests share of dividends declared in the year (103) (135) Changes in non-controlling interests in subsidiaries1 (315) 105 1 Changes in non-controlling interests in 2...
71
annual_report
LloydsBankingGroupPLC-AR_2020
643
Environmental (TCFD) statement – Reflecting the needs of our stakeholders, pages 49 and 50
14
annual_report
AvivaPLC-AR_2006
2,641
Scheme Scheme scheme insurance pension pension assets liabilities deficit policies deficit deficit £m £m £m £m £m £m
18
annual_report