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SwissReAG-AR_1962
83
All Classes exci. Life Sw. frs. Sw. frs. Sw. frs. Sw. frs.
12
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007
1,137
With our offerings for institutional investors, we mainly meet the needs of insurance companies and pension funds. A key role in institutional business is also being played by consultancy for asset management, which has established itself as an independent service in MEAG‘s asset management operations. Besides portfoli...
97
annual_report
NatixisSA-AR_2005
3,523
Ninth resolution: appointment of a Director Summary: the purpose of this resolution is to appoint Jean Clochet as a Director to replace Daniel Duquesne, who is resigning from office.
29
annual_report
StandardLifeAberdeenPLC-AR_2015
3,352
Transactions with related parties carried out by the Group during the year were as follows: 2015 2014 £m £m
19
annual_report
4122
2,539
• The segment’s loss ratio decreased due to favorable disability and medical stop loss experience partially offset by unfavorable mortality.
20
10K
fr_axa-AR_2019
3,709
The Chief Executive Off icer’s variable annual compensation is subject in its entirety to challenging performance conditions and closely aligned with the Group’s strategy. No minimum payment is guaranteed to the Chief Executive Off icer.
35
annual_report
4293
1,529
At December 31, 2010, the Company held a fixed maturity security with a carrying value of $10,000 that was guaranteed by a third party. The security did not have a credit rating. The Company had no significant concentration in a guarantor either directly or indirectly as of December 31, 2010.
50
10K
1806
326
reinsurance recoverables on unpaid losses are reported as a reduction of policyholders’ reserves and funds, while under United States GAAP, they are reported as an asset.
26
10K
5365
859
Fixed maturity securities were 93% and 92% investment grade as rated by Standard & Poor’s as of December 31, 2017 and December 31, 2016, respectively.
25
10K
Sampoplc-AR_2004
169
Finland If ’s Finnish roots can be found in the story of a P&C insurance company called Sampo. In 909, industrialists from Turku formed the Sampo Mutual Insurance Corporation when manufacturing companies wanted a competitor to the insurance organisations that were organised as tariff associations. The Turku Workers’ C...
62
annual_report
RSAInsuranceGroupPLC-AR_2019
2,680
· Recognition of deferred tax assets: availability of future taxable profits against which deductible temporary differences and tax losses carried forward can be utilised – refer to note 29 for additional information
32
annual_report
2839
822
(e) We define return on equity as net income divided by average total stockholders’ equity. Average total stockholders’ equity is determined based upon the total stockholders’ equity at the beginning and the end of the year. The computations of average stockholders’ equity for 2005 and 2003 have been calculated on a we...
83
10K
gb_prudential-AR_2014
3,633
Deferred acquisition costs related to insurance and investment contracts attributable to shareholders Additional movement analysis of deferred acquisition costs and other intangibles attributable to shareholders The movements in deferred acquisition costs relating to insurance and investment contracts attributable to s...
45
annual_report
fr_axa-AR_2006
1,885
In the UK and Ireland, AXA UK is exposed to exchange-rate risk through its AXA Insurance subsidiary, which operates in pound sterling but has diversified its investment portfolio in line with its assigned management constraints. At December 31, 2006, AXA Insurance managed around €146 million of foreign-currency investm...
88
annual_report
Sampoplc-AR_2020
2,783
Some risks, such as counterparty default risks and operational risks presented in the graph Classification of Risks in Sampo Group are indirect repercussions of
24
annual_report
316
624
The quota share arrangements serve to reduce the Company's required capital thus increasing the Company's writing capacity. However, underwriting and investment incomes related to ceded premium are eliminated.
28
10K
GjensidigeForsikringASA-AR_2015
1,488
In the Danish Workers’ Compensation operations, the long-tail Workers’ Compensation line of business is hedged against changes in the real interest rate through swap agreements. The real interest rate risk relates to outstanding premium and claims provisions of approximately NOK 5,150 million (discounted value), where ...
207
annual_report
5671
1,028
Interest in income (loss) of equity method investments is primarily driven by business decisions, the nature and timing
18
10K
5900
1,846
•On June 13, 2018, an alleged securities class action lawsuit entitled Cynthia Pittman v. Unum Group, Richard McKenney, John McGarry, and Daniel Waxenberg was filed in the United States District Court for the Eastern District of Tennessee. The plaintiff seeks to represent purchasers of Unum Group publicly traded securi...
145
10K
3221
499
1Calculated by dividing loss and loss adjustment expenses by net earned premiums
12
10K
1093
673
Effective January 1, 1996, the Company adopted the disclosure-only provisions of SFAS 123 "Accounting for Stock Based Compensation." Accordingly, no compensation cost has been recognized for stock option and warrant grants, to employees and employee directors. The Company continues to account for stock-based compensati...
213
10K
1434
158
• Short-term investments - at cost, which approximates current market value.
11
10K
2573
1,362
The Company’s insurance subsidiaries entered into a 50% quota share agreement (“2003 50% Quota Share Agreement”), effective September 30, 2003, on our residential property book of business in the states of Alabama, Alaska, Arizona, California, Connecticut, Florida, Hawaii, Massachusetts, New Jersey, New York, Pennsylva...
72
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2004
568
Awards The Munich Re Group received a number of awards in 2004. We are delighted to gain such recognition, and thank all of our staff who contributed to this success.
30
annual_report
SwissReAG-AR_2017
1,067
Conclusion In our opinion, the EVM financial information of the Company for the year ended 31 December 2017 as set out on pages 57 to 63 is prepared, in all material respects, in accordance with the Company’s EVM principles applied as published on the Company’s website (swissre.com/EVM_principles).
47
annual_report
601
1,299
-------------------------------- EQUITY SECURITIES Fair Value Percent - --------------------------------------------------------------- Domestic Large cap $ 793 45.5% Midcap/small cap 293 16.8% Foreign EAFE [1]/Canadian 562 32.3% Emerging 93 5.4% - --------------------------------------------------------------- Total $...
41
10K
GjensidigeForsikringASA-AR_2011
214
definitions: 1 loss ratio = claims incurred / earned premiums 2 Cost ratio = operating expenses / earned premiums 3 Combined ratio = loss ratio + cost ratio
28
annual_report
GjensidigeForsikringASA-AR_2020
1,414
Weighted carbon intensity, equities: tonnes of CO2e per NOK 1 mill. in sales revenue (compared with benchmark) 1
18
annual_report
GjensidigeForsikringASA-AR_2013
2,913
Primary capital 11,322.1 14,696.6 Primary capital in other financial institutions (108.5) (108.5)
12
annual_report
fr_axa-AR_2001
1,221
– Issuance of ordinary shares for AXA Financial, transaction2 3,131 84
11
annual_report
3473
1,792
These tables show our investment types and industries of our fixed maturities and marketable equity securities that exceed 3% of our portfolio at year-end 2007 or 2006:
27
10K
2621
1,084
The Subsidiaries earned premiums of $2.5 million and $5.0 million in the first half of 2003 and full year 2002, respectively, relating to the guarantees of debt issued or assets purchased by FSA Global and Canadian Global. Inter-company premiums earned relating to VIEs have been eliminated in consolidation for periods ...
55
10K
4867
3,792
Occasionally, for business reasons, the Company may exit certain non-cancelable operating leases prior to their expiration. In these instances, the Company’s policy is to accrue, at the time it ceases to use the property being leased, the future rental expense net of any expected sub-lease income, and to release this r...
89
10K
gb_prudential-AR_2011
4,296
Total credit (charge) without the effect of IFRIC 14 256 (7) Effect of IFRIC 14 for pension schemes (229) (38)
20
annual_report
gb_lloyds_banking_grp-AR_2019
7,004
Mortgages An analysis by loan-to-value ratio of the Group's residential mortgage lending is provided below. The value of collateral used in determining the loan-to-value ratios has been estimated based upon the last actual valuation, adjusted to take into account subsequent movements in house prices, after making allow...
52
annual_report
PosteItalianeSpA-AR_2020
5,619
Fair value through profit or loss - 20 20 15 1 16
12
annual_report
gb_prudential-AR_2017
2,228
The Group Chief Executive has a maximum bonus opportunity of 200% of salary. For other Executive Directors the maximum is 180% of salary or less 2017 bonuses were paid based on financial performance or functional measures as well as personal objectives
41
annual_report
AvivaPLC-AR_2013
3,230
All the above borrowings are stated at amortised cost, except for the loan notes issued in connection with the UK lifetime mortgage business of £1,313 million (2012: £1,332 million). These loan notes are carried at fair value, their values are modelled on risk-adjusted cash flows for defaults discounted at a risk-free ...
157
annual_report
fr_axa-AR_2014
1,694
On a constant exchange rate basis, gross revenues decreased by €2 million (-3%) mainly driven by the political unrest in
20
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2015
2,799
Expected future technical cash flow (gross)1 €m 31.12.2015 Prev. year Up to one year –3,879 –3,441 Over one year and up to five years –10,762 –12,505 Over five years and up to ten years –15,154 –17,913 Over ten years and up to 20 years –36,237 –41,192 Over 20 years –94,543 –101,918
51
annual_report
BeazleyPLC-AR_2019
1,179
The following table summarises how the committee addressed the factors set out in the UK Corporate Governance Code when determining the remuneration policy: Factor Details
25
annual_report
RSAInsuranceGroupPLC-AR_2008
301
UNDERWRITING RESULT The underwriting result is up by 38% to £384m (2007: £278m) and represents another strong performance, with a current year underwriting profit of £93m (2007: underwriting loss £70m) and a prior year profit of £291m (2007: £348m). The improvement in the current year result
46
annual_report
2504
324
Income tax expense totaled $31.9 million in 2004, resulting in an effective tax rate of 36.4%, as compared to $23.9 million in 2003, resulting in an effective tax rate of 36.0%. During both 2004 and 2003, we pursued
38
10K
5727
495
The Company’s Board of Directors approved investment guidelines which are similar to what the Company believes are general investment guidelines used by Crusader’s peers.
24
10K
5219
1,751
As of December 31, 2016, insurance in force, which represents principal and interest or other amounts owing on insured obligations, had an expected maturity range of 1 to 41 years. The distribution of MBIA Corp.’s and National’s combined insurance in force by geographic location, excluding $1.9 billion and $2.2 billion...
77
10K
NatixisSA-AR_2011
5,722
For end-of-career allowances and long-service awards, employee turnover is calculated by age bracket and grade based on a threeyear average. A rate of 0% is used for employees aged 55 and over.
32
annual_report
StandardLifeAberdeenPLC-AR_2015
1,311
Total base salary paid in 2015 1 Paul Matthews and Colin Clark were appointed with effect from 1 November 2015 and the salary shown is that paid from 1 November to 31 December 2015. 2 David Nish ceased to be a Director on 5 August 2015 and the salary shown is that paid from 1 January 2015 to 5 August 2015.
61
annual_report
ASRNederlandNV-AR_2008
415
To control the risks in its investment portfolio, ASR applies an internal classification of debt instruments from financial institutions according to ‘levels of concern’. The classification of the levels of concern is based in part on the triggering events for impairments referred to in IAS 39.59. The set of events sur...
101
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2008
283
In other words, we are pooling a wide range of services and insurance companies which we can combined and deploy flexibly, depending on market circumstances and specific requirements. This means that in each case we can operate in those parts of the value chain where we can create the greatest added value and grow prof...
55
annual_report
5770
1,337
International Markets includes supplemental health, life and accident insurance products and health care coverage in our international markets as well as health care benefits to globally mobile employees of multinational organizations.
31
10K
4659
3,248
Indemnity has significant receivables from the Exchange that result in a concentration of credit risk. These receivables include management fees due for services performed by Indemnity for the Exchange under the subscriber’s agreement, and costs Indemnity pays on behalf of the Exchange. Credit risks related to the rece...
88
10K
fr_axa-AR_2002
1,664
Expenses, other than claims management expenses, decreased by €10 million to €–1,037 million. Distribution expenses increased by €–16 million, attributable to the growth in earned premiums partly offset by product mix.
31
annual_report
PosteItalianeSpA-AR_2015
1,340
Events after the end of the reporting period are described in other sections of the document and there are no further material events occurring after 31 December 2015 to report.
30
annual_report
1848
464
Since 1998, State Auto P&C, Milbank and Midwest Security have participated in the Pooling Arrangement with Mutual. On January 1, 1999, Farmers Casualty was acquired by State Auto Financial and became a participant in the Pooling Arrangement on that same date, at which time the Pooled Subsidiaries' aggregate participati...
429
10K
GjensidigeForsikringASA-AR_2014
2,032
Derivatives Net interest income/(expenses) from derivatives (5.9) 52.7 Unrealised gains/(losses) from derivatives (236.6) (297.5) Realised gains/(losses) from derivatives (493.4) (534.5) Total net income and gains/(losses) from derivatives (735.9) (779.3)
29
annual_report
4756
1,473
In addition to the sensitivities discussed above, certain books of business in both our U.S. and certain international mortgage insurance businesses have experienced higher losses as a result of the global economic environment. In our U.S. mortgage insurance business, our 2005 through 2008 books of business have been e...
186
10K
de_allianz-AR_2004
1,072
accounting standard (SOP 03-1), whereby investments from certain unit-linked contracts were reclassified from separate account assets to trading assets. This change led to an equal increase in both net trading income and net insurance benefits. See Note 3 of our consolidated financial statements.
43
annual_report
TrygAS-AR_2003
284
Tryg Polska won two prizes in Poland. Four products were nominated market leaders, and the company’s car owners’ assistance policy was rated as the best new product.
27
annual_report
AegonNV-AR_2012
2,868
Cost of issuance of noncumulative subordinated notes (net of tax) - (10) - - - (10) - (10)
18
annual_report
1548
345
When we enter a new market we tend to be conservative in establishing our reserves due to our limited history in the local court system. In addition, because we do not have sufficient company-specific data for projecting reserves, we utilize industry loss data in the applicable state to establish reserves for incurred ...
109
10K
4159
2,635
(a)maintain a minimum net worth of 75% of the Consolidated Net Worth of Assured Guaranty as of June 30, 2009 (calculated as if the AGMH Acquisition had been consummated on such date); and
33
10K
PosteItalianeSpA-AR_2020
2,731
Culture and education Through its welfare plan, Poste Italiane Group aims to contribute to enhance an intergenerational approach, associated, where possible, with targeted analyses relating to gender, age, professional characteristics and the family status of the people involved in the initiatives. In this context, the...
182
annual_report
NatwestGroupPLC-AR_2016
5,497
February 2017 by HM Treasury to the European Commission for RBS to meet its remaining State Aid commitments by alternative means.
21
annual_report
SwissReAG-AR_1997
426
Affiliated companies valued at Swiss Re’s share of their equity 1 586 968
13
annual_report
2945
1,202
For additional information, see Note 14 to our audited consolidated financial statements as of and for the year ended December 31, 2005 included in this Form 10-K.
27
10K
NatwestGroupPLC-AR_2009
63
Everyone at RBS is conscious of the responsibilities that lie with us to ensure recovery of the support the Bank has received. In that context it is pleasing to be able to report some big steps on our recovery path, which I outline in this review.
46
annual_report
de_allianz-AR_2012
1,813
2 These do not include affiliates of € 0.7 bn and € 1.4 bn as of 31 December 2012 and 31 December 2011, respectively.
24
annual_report
AegonNV-AR_2010
1,887
The excess of the consideration paid to acquire the interest and the fair value of any interest already owned, over the Group’s share in the net fair value of assets, liabilities and contingent liabilities acquired is recognized as goodwill. Negative goodwill is recognized directly in the income statement. If the fair ...
127
annual_report
4603
958
In 2012, the Company made a correction to tax expense primarily attributable to prior periods. Management has determined that the effect of this correction is not material to the Consolidated Financial Statements for all current and prior periods presented. See Note 1 for additional information on this correction.
48
10K
3741
744
The $2.4 million decrease in unpaid losses and LAE is comprised of a decrease of $5.1 million for reduced estimated loss and LAE reserves offset by an increase of $2.7 million in estimated losses and LAE for the policies we assumed from Citizens during 2008. The $5.1 million of reduced estimated loss and LAE is due pri...
119
10K
TrygAS-AR_2014
1,328
Bonds measured on the basis of observable inputs consist of Norwegian bonds issued by banks and to some extent Danish semi-liquid bonds, where no quoted prices based on actual trades are available. No significant reclassifications have been made between the categories 'Quoted prices' and 'Observable input' in 2014. Inf...
78
annual_report
5856
663
The Asia Pacific operations include business generated by its offices principally in Australia, China, Hong Kong, India, Japan, Malaysia, New Zealand, Singapore, South Korea and Taiwan. The Traditional segment’s principal types of reinsurance include individual and group life and health, critical illness, disability an...
104
10K
4567
1,381
Our investments outside of Europe, and particularly our financial sector investments, could also be negatively affected by a significant European economic crisis. At December 31, 2012 we held non-European financial sector debt securities of approximately $382.2 million.
37
10K
gb_prudential-AR_2012
1,901
Keki Dadiseth (note 1) 1 April 2005 AGM 2005 6 months AGM 2013 Howard Davies 15 October 2010 AGM 2011 6 months AGM 2014 Michael Garrett (note 1) 1 September 2004 AGM 2005 6 months AGM 2013 Ann Godbehere 2 August 2007 AGM 2008 6 months AGM 2014 Alistair Johnston 1 January 2012 AGM 2012 6 months AGM 2015 Paul Manduca (no...
119
annual_report
SwissReAG-AR_2003
856
Even though individual extreme weather events cannot be directly attributed to climate change, this recent increase is consistent with the evolution climatologists expect towards a warmer climate. Swiss Re has been active in developing ways to assess and manage the risks from natural disasters, designing risk transfer ...
54
annual_report
2051
260
The following discussion and analysis should be read in conjunction with the consolidated financial statements and the notes thereto included elsewhere in this report. The following discussion contains certain forward-looking statements relating to our anticipated future financial condition, operating results, cash flo...
135
10K
5192
1,098
One of the Company’s property and casualty insurance subsidiaries leases office facilities in Bismarck, North Dakota with lease terms expiring in 2024. Employers Mutual has entered into various leases for branch and service office facilities with lease terms expiring through 2026. All of these lease costs are included ...
69
10K
5603
1,017
Reclassification adjustments out of Accumulated Other Comprehensive Income are presented below for each of the years 2016 through 2018.
19
10K
5856
1,337
Pre-tax income for the years ended December 31, 2020, 2019 and 2018 consists of the following (dollars in millions):
19
10K
601
1,138
The GIC division consists of GRC business that is supported by assets held in either the Company's general account or a guaranteed separate account and includes Closed Book GRC. Historically, a significant majority of these contracts were sold as general account contracts with fixed rates and fixed maturities. The Comp...
151
10K
5677
1,066
Notification and approval of intercompany lending activities is also required by the IL DOI when ALIC does not have unassigned surplus and for transactions that exceed a level that is based on a formula using statutory admitted assets and statutory surplus.
41
10K
4825
1,360
During 2013, the Company repurchased $91.1 million of its outstanding non-recourse funding obligations, at a discount. These repurchases resulted in a $20.0 million pre-tax gain for the Company. For the year ended December 31, 2012, the Company repurchased $121.8 million of its outstanding non-recourse funding obligati...
74
10K
ASRNederlandNV-AR_2008
775
Liabilities arising from insurance contracts as at 31 December were: Life Non- Total Life Non- Total Life Non- Total life life life Gross
23
annual_report
StorebrandASA-AR_2013
579
The financial result includes the return in the company portfolios of Storebrand Livsforsikring and SPP, the financial result of Storebrand ASA as well as the net result for subsidiaries currently being wound up and started up at SPP. The sale of SPP Liv Pensionstänst
44
annual_report
CNPAssurancesSA-AR_2018
31
“The idea was to design an easy-to-use policy, that is rapid and effective and offers all the features of wealth management policies. It took us fourteen months to come up with a revolutionary new system for managing life insurance policies by enlisting the help of CNP Assurances’ community of testers. Its breakthrough...
95
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011
568
// Very high major-loss burden // investment result impacted by sovereign debt crisis // Return on risk-adjusted capital (RoRac) of 3.2% after tax // Dividend of €6.25 per share planned the past year was marked by very high claims expenditure, in particular for natural catastrophes, and by capital market turmoil trigge...
66
annual_report
4561
1,222
All issuers of securities we own that were trading at an unrealized loss at December 31, 2012 remain current on all contractual payments. After taking into account these and other factors previously described, we believe these unrealized losses primarily were caused by an increase in market interest rates and tighter l...
125
10K
SwissReAG-AR_2009
1,648
The following table shows the fair value and unrealised losses of the Group’s fixed income securities, aggregated by investment category and length of time that individual securities were in a continuous unrealised loss position as of 31 December 2008 and 2009. As of 31 December 2008, the gross unrealised loss on equit...
108
annual_report
NatixisSA-AR_2003
3,688
M em b er s of t h e Ex ec u ti ve C
15
annual_report
ScorSE-AR_2008
174
or subsequent event such as Europe Storm or Japan Earthquake, the losses of which are determined by a model over a period running from 1st January 2007 to 31 December 2009. Continuing this strategy to diversify retrocession sources, SCOR issued two similar Cat Bonds, Atlas IV on 29 November 2007 for a term of three yea...
122
annual_report
2031
796
As of December 31, 2002, Trenwick's exposure to high yield investments was minimal. While these investments are more susceptible to credit risk, their total market value represents less than 4% of total investments and cash, and therefore management believes that the exposure to credit risk is not material. Trenwick ha...
68
10K
4955
932
Other underwriting and operating expenses increased to $71.1 million during the year ended December 31, 2013 as compared to $61.1 million for the year ended December 31, 2012. The significant factors contributing to the change in other underwriting and operating expenses are:
42
10K
5251
1,621
letters of credit and other forms of collateral that are required to be posted or deposited, as the case may be, by our operating subsidiaries that are "non-admitted" under U.S. state insurance regulations in order for the U.S. cedant to receive statutory credit for reinsurance. We also use letters of credit to support...
58
10K
GjensidigeForsikringASA-AR_2010
926
the gender distribution in gjensidige Forsikring was 54.4 per cent men and 45.6 per cent women at year-end 2010. the percentage of men increased somewhat relative to 2009 (53.7 per cent men). in 2010, 225 new employees were hired in addition to employees in acquired businesses. among the new employees, 125 were men and...
90
annual_report
5354
593
At the time of transfer or purchase of an investment in NIBs, we estimate the future expected cash flows from such NIBs and determine the effective interest rate that, when applied to our initial investment in such NIBs, would yield these estimated cash flows. The Company accrues income on a monthly basis by applying t...
207
10K
5525
692
Effective January 1, 2018, the Company adopted Accounting Standards Update (ASU) No. 2016-01 which, among other things requires unrealized gains and losses for equity securities and other invested assets previously identified as available-for-sale to be recognized in net income. Previously, the unrealized gains and los...
88
10K
StandardLifeAberdeenPLC-AR_2018
1,027
Appointed to the Board: July 2016 Appointed to the Board: August 2017
12
annual_report
AdmiralGroupPLC-AR_2018
206
Develop websites that allow consumers to compare a range of general insurance, financial services and other products.
17
annual_report
5947
1,549
Information with regard to RSUs to be settled in stock for the periods indicated is as follows.
17
10K
NatixisSA-AR_2019
6,219
Derivative instruments not eligible for hedge accounting (a) 59,718 0 59,718 57,160 0 57,160
14
annual_report