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5718
2,967
Our largest source of cash is from premiums received from our insurance policies, which we receive on a monthly installment basis for most policies. Premiums are received at the beginning of the coverage period for single premium and annual premium policies. Our largest cash outflow is for claims that arise when a deli...
75
10K
gb_prudential-AR_2010
572
Operating income* 482 160 89 183 914 Operating profit based on longer-term investment returns 177 55 61 4 297
19
annual_report
4524
801
Announced an increase to IHC’s annual dividend from $.045 to $.07 per share
13
10K
AvivaPLC-AR_2016
8,299
Year ended 31 December 2015 Total sales increased by 61% to £5,005 million (2014: £3,106 million). Long-term insurance and savings business increased to £1,647 million following the transfer of the UK retail fund management business from UK Life in May 2014. Investment sales increased to £3,358 million (2014: £2,235 mi...
56
annual_report
4240
585
We recorded impairments related to insured CMBS exposure in 2010. Although loan liquidations and property sales are just beginning to take place within the underlying MBIA Corp.-insured CMBS transactions, delinquencies have increased markedly in the commercial real estate market over the last two years given the econom...
181
10K
3242
573
The consolidated MER for 2005 was 83.2%, decreasing 90 basis points from 84.1% for 2004 due to improvements in both the Commercial and Government segments as further discussed below. The 2005 consolidated MER includes 20 basis points for expenses associated with Hurricane Katrina.
43
10K
5719
1,409
The observable and unobservable inputs to our valuation methodologies are based on a set of standard inputs that we generally use to evaluate all of our fixed maturity AFS securities. Observable inputs include benchmark yields, reported trades, broker-dealer quotes, issuer spreads, two-sided markets, benchmark securiti...
192
10K
INGGroepNV-AR_2008
1,324
The liability recognised in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the balance sheet date less the fair value of plan assets, together with adjustments for unrecognised actuarial gains and losses, and unrecognised past service costs. The d...
67
annual_report
ch_zurich_insurance_group-AR_2006
436
Net cash used in financing activities was USD 2.0 billion for the year ended December 31, 2006, compared with net cash provided by financial activities of USD 853 million in 2005. In 2006 the cash was used to make distributions to shareholders of USD 701 million and redemptions of preferred securities of USD 780 millio...
55
annual_report
SwissReAG-AR_2013
172
Life & Health performance Life & Health Reinsurance delivered net income of USD 356 million for 2013 (compared to USD 739 million in 2012).
24
annual_report
286
201
Loans either overdue more than three months or in the process of foreclosure were $2,774 at December 31, 1995 and 1994. Additionally, C.M. Life had properties which it acquired in satisfaction of debt of $1,897 at December 31, 1994.
39
10K
HannoverRueckSE-AR_2004
521
The illustration provides a breakdown of Clarendon's total gross written premiums of EUR 2.3 billion by lines of business.
19
annual_report
RSAInsuranceGroupPLC-AR_2017
1,360
• Update on the supplementary grant of conditional long-term incentive awards in September 2017 for non-Board employees.
17
annual_report
INGGroepNV-AR_2002
1,283
A 10% decrease in stock market prices would lower the insurance pre-tax result by 9% in 2003. Once the revaluation reserve is nil, any further decrease in stock-market prices will increase the 9%.
33
annual_report
NatwestGroupPLC-AR_2017
1,890
The net interest margin (NIM) was 2.13% for 2017, 5 basis points lower than 2016 reflecting increased liquidity, mix impacts and competitive pressures on margin.
25
annual_report
ch_zurich_insurance_group-AR_2010
442
Through a comprehensive program, the compliance function implements, embeds and enforces internal policies and guidance. As part of it, our compliance officers are active in the on-boarding of new employees and in the integration of newly acquired companies. To help employees understand their responsibilities under Zur...
113
annual_report
ScorSE-AR_2012
6,610
Not applicable given the activity of the Group’s “business to business” services.
12
annual_report
ScorSE-AR_2013
1,213
Note 1 – D - IFRS standards effective during the period and IFRS standards not yet effective . (2) The calculation of the leverage ratio excludes accrued interest from debt and includes the swaps effect related to the CHF 650 million, CHF 315 million and CHF 250 million subordinated debt issuance. As at 31 December 201...
92
annual_report
3967
756
We expect technology and content expenses to increase in absolute dollars in 2010 compared to 2009 due to our continued focus on technology development, including the enhancement of our current ecommerce platform for Medicare product capabilities.
36
10K
AegonNV-AR_2011
590
Universal life insurance pays death benefits, accumulates cash values at interest rates that adjust periodically, and has flexible premiums. L&P offers both single life and survivorship universal life. Indexed universal life products have both interest rate guarantees and interest crediting linked in part to performanc...
64
annual_report
5957
1,318
Beginning in the first quarter of 2020, the uncontained outbreak of the novel coronavirus, which causes the disease termed COVID-19, created significant economic and social disruption and impacted various operational and financial aspects of the Company’s business. While not all of the impacts of COVID-19 are identifia...
131
10K
4619
1,199
The following table presents amounts recognized in the consolidated balance sheets at December 31, 2012 and 2011 for the Company’s Defined Benefit Pension, Post-retirement Medical and Supplemental Executive Retirement plans:
30
10K
gb_prudential-AR_2015
3,928
C4.1(d) UK insurance operations i Analysis of movements in policyholder liabilities and unallocated surplus of with-profits funds A reconciliation of the total policyholder liabilities and unallocated surplus of with-profits funds of UK insurance operations from the beginning of the year to the end of the year is as fo...
53
annual_report
NatwestGroupPLC-AR_2015
340
Commercial & Private Banking (CPB) comprises three reportable segments: Commercial Banking, Private Banking and RBS International (RBSI).
17
annual_report
ScorSE-AR_2019
4,334
The Group has identified the following categories of risks, as described in Section 3 – Risk factors and Risk Management Mechanisms: • strategic risks; • underwriting risks related to the Non-Life and Life reinsurance business; • market risks; • credit risks; • liquidity risks; • operational risks.
47
annual_report
HannoverRueckSE-AR_2011
5,214
European embedded value (EEV): present value of shareholders ’ interests in the earnings distributable from assets allocated to the covered business after sufficient allow ance for the aggregate risks in the covered business.
33
annual_report
RSAInsuranceGroupPLC-AR_2020
2,417
Deposits received from reinsurers 43 11 – – – – – – 11 11
14
annual_report
PosteItalianeSpA-AR_2017
2,837
Automated franking by third parties and at post offices 731 789
11
annual_report
4954
1,806
The Company reports net unrealized gains (losses) related to its available-for-sale securities in accumulated other comprehensive income (AOCI) in stockholders’ equity, net of related DAC and DSI adjustments and deferred income taxes. The cost of securities sold is determined using the specific-identification method.
43
10K
NatixisSA-AR_2012
3,072
On January 14, 2013, the judge in charge of preliminary investigations in the Florence court accepted the motion to dismiss fi led by the public prosecutor and closed the case against Natixis.
32
annual_report
gb_lloyds_banking_grp-AR_2018
5,039
Risk‑free rate (value of in‑force annuity business) 1 1.28 to 5.33 1.14 to 5.34
14
annual_report
5755
4,358
(2)Risk free rate was based on US 5-year semi-annual treasury rate interest rate.
13
10K
4622
1,617
Unrealized capital losses (including noncredit impairments) in fixed maturities, including securities pledged, for instances in which fair value declined below amortized cost by greater than or less than 20% were as follows as of December 31, 2012 and 2011:
39
10K
5759
1,467
BHE subsidiary debt represents amounts issued pursuant to separate financing agreements. Substantially all of the assets of certain BHE subsidiaries are, or may be, pledged or encumbered to support or otherwise secure debt. These borrowing arrangements generally contain various covenants, including covenants which pert...
116
10K
SwissLifeHoldingAG-AR_2019
1,996
No revenue from transactions with a single external customer amounted to more than 10% of the Group’s revenue.
18
annual_report
3902
1,492
On September 30, 2008, the Company, in connection with the borrowings made under the Amended Credit Facility (Note 11), executed an interest rate swap with Wells Fargo with a notional amount of $100.0 million. Execution of the interest rate swap established a fixed interest rate of 4.84%, on the notional amount, throug...
122
10K
5946
959
Depreciation and amortization expense under property and equipment was $6,441,000, $6,305,000 and $4,222,000 for the years ended December 31, 2020, 2019 and 2018, respectively. During the years ended December 31, 2019 and 2018, we incurred non-cash capitalized software write-off charges as a result of our decision to d...
99
10K
4471
3,665
MLIC is a defendant in lawsuits related to its use of retained asset accounts, known as Total Control Accounts (“TCA”), as a settlement option for death benefits. The lawsuits include claims of breach of contract, breach of a common law fiduciary duty or a quasi-fiduciary duty such as a confidential or special relation...
69
10K
5616
1,347
Net realized losses on investments and derivatives for the year ended December 31, 2018 was $95.5 million. These losses were primarily due to net impairments of $29.7 million, equity securities losses of $49.0 million, and net losses on VA GLWB derivatives (after adjusting for economic cost and amortization) of $16.6 m...
143
10K
5339
1,316
State insurance regulators and the NAIC have adopted risk-based capital (“RBC”) requirements for life insurance companies to evaluate the adequacy of statutory capital and surplus in relation to investment and insurance risks. The requirements provide a means of measuring the minimum amount of statutory surplus appropr...
170
10K
NatixisSA-AR_2008
1,821
Populaire banks defi ne the Groupe Banque Populaire’s regional footing. True to their primary vocation, they create an ongoing local banking relationship with their clients and actively participate in regional economic development.
32
annual_report
StandardLifeAberdeenPLC-AR_2018
911
We have a number of supplier relationships in operation to allow us to deliver our strategy such as, BNP Paribas and Citigroup for our asset management business, FNZ for our platform business and Phoenix for some of our IT services. The failure of any of our outsourcing providers could instigate a resilience and busine...
73
annual_report
ScorSE-AR_2018
377
The year was marked by a shift, in the last quarter, in market expectations and in the development of financial asset prices. During the first part of the year, the economic cycle remained virtuous, with a sharp rise in corporate earnings (+20% in the US) and a progressive exit from accommodative monetary policies on t...
148
annual_report
NatixisSA-AR_2013
3,920
The carrying amount of reclassifi ed fi nancial assets are provided in Note 6.7 .2 and the fair value is disclosed in Note 6.7.8.
24
annual_report
AegonNV-AR_2008
3,705
The other countries mostly operate defined contribution plans, with the exception of smaller defined benefit plans in
17
annual_report
Sampoplc-AR_2004
368
You may also read the staff reviews in the parts of the Sampo Annual Report entitled Banking and Long-term Savings, and If P&C Insurance.
24
annual_report
NatwestGroupPLC-AR_2009
4,942
Subordinated Subordinated Subordinated Subordinated Subordinated liabilities Equity liabilities Equity liabilities Equity liabilities Equity liabilities Equity
15
annual_report
SwissReAG-AR_1979
155
The last General Meeting elected Mr. Walter DIehl to the Board of Directors for the first time. At the subsequent statutory meeting the Board of Directors appointed Mr. DIehl as Its new Chairman and Mr. Max E. Elsenring as Honorary Chairman of the Company.
44
annual_report
2121
8,471
Summarized information for the unrealized gains and losses recorded in AFG's balance sheet at December 31, 2003, is shown in the following table (dollars in millions). Approximately $95 million of available-for-sale "Fixed maturities" and $21 million of "Other stocks" had no unrealized gains or losses at December 31, 2...
49
10K
231
328
carrying amount to its net realizable value, which becomes the new cost basis; the amount of the reduction is reported as a realized loss. Conseco recognizes any recovery of such reductions in the cost basis of an investment only upon the sale, repayment or other disposition of the investment. Conseco recorded writedow...
131
10K
de_allianz-AR_2010
1,306
In addition, significant efforts are dedicated to prepare Allianz for the challenges posed to the insurance industry by the implementation of Solvency II.
23
annual_report
3757
3,647
During the years ended June 30, 2006, 2007 and 2008, medical claims expense was $270.3 million, $297.0 million and $328.2 million, respectively, primarily representing medical claims of PHP. Vanguard estimates PHP’s reserve for medical claims using historical claims experience (including cost per member and payment lag...
142
10K
70
467
A credit rating is not a recommendation to buy, sell or hold securities. Each rating is subject to revision or withdrawal at any time by the assigning organization and should be evaluated independently of any other rating. In November 1994, after the termination of a merger agreement between Kemper Corporation and Cons...
226
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007
1,979
(42) Related parties 242 (43) Personnel expenses 242 (44) Long-term incentive plans 242 (45) Remuneration report 245 (46) Employee share-ownership programmes 245 (47) Number of staff 245 (48) Auditor’s fees 246 (49) Contingent liabilities, other financial commitments 246
38
annual_report
2742
903
(2) Operating lease obligations consist primarily of the lease on our home office building and various other smaller operating leases of field offices-also see note 16 to our audited consolidated and combined financial statements.
34
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011
940
the Board of management has group-wide responsibility for the ics, which falls structurally under the responsibility of the cro. experts and staff in our specialist areas are responsible for the detailed content of the system and perform the risk and control assessments at least annually.
45
annual_report
3886
412
o the recoverability of our deferred tax assets and the effect of potential tax rate changes on its value;
19
10K
PhoenixGroupHoldingsPLC-AR_2019
3,227
The Group’s financial assets are primarily denominated in the same currencies as its insurance and investment liabilities. Thus, the main foreign exchange risk arises from recognised assets and liabilities denominated in currencies other than those in which insurance and investment liabilities are expected to be settle...
55
annual_report
NatixisSA-AR_2006
5,355
Historical stress testing consists in replicating sets of changes in market parameters observed during past crises, over a short-term time horizon, to simulate the orders of magnitude of changes in the P&L. Although these stress tests have no predictive power, they help to assess the scope’s exposure to known scenarios...
95
annual_report
NatwestGroupPLC-AR_2020
1,693
The DINEDs attend NatWest Group plc Board meetings in an observer capacity.
12
annual_report
5714
1,544
At December 31, 2019, fixed maturity investments included structured securities with an estimated fair value of $5.8 billion (or 27.3 percent of all fixed maturity securities). The yield characteristics of structured securities generally differ in some respects from those of traditional corporate fixed-income securitie...
200
10K
5892
652
NET CHANGE IN FAIR VALUE OF INSURED DERIVATIVES Realized losses on insured derivatives include payments made net of premiums and fees earned and salvage received. For 2020 and 2019, realized losses on insured derivatives resulted from claim payments on commercial mortgage-backed securities (“CMBS”) exposure.
44
10K
TrygAS-AR_2003
972
In our opinion, the annual report gives a true and fair view of the Group and parent company’s assets, liabilities and financial positions at 31 December 2003 and of the results of the Group and the parent company’s operations and of the Group’s cash flows for the financial year 2003 in accordance with Danish
54
annual_report
StorebrandASA-AR_2014
194
Diversity 77 of 100 points 79 of 100 points 77 of 100 points
13
annual_report
ch_zurich_insurance_group-AR_2010
1,027
At the heart of the risk management framework is a governance process with clear responsibilities for taking, managing, monitoring and reporting risks. The Group articulates the roles and responsibilities for risk management throughout the organization, from the Board of Directors and the Chief Executive Officer to its...
71
annual_report
SwissReAG-AR_2017
4,169
Total expenses –39 414 –41 962 Claims and claim adjustment expenses –12 564 –16 730 Life and health benefits –10 859 –11 083
23
annual_report
ScorSE-AR_2013
6,104
The modalities of the participation of the Shareholders to the General meetings and notably the mode of operating, the main powers of the Shareholders’ General meetings, the description of the Shareholders’ rights as well as the modalities of the exercise of the voting rights are set forth by the Article 19 of the Comp...
67
annual_report
4233
1,051
Other assets include property and equipment, primarily comprised of capitalized software costs, furniture and equipment, which are reported at cost less allowances for depreciation and amortization. Depreciation and amortization expense is primarily computed using the straight-line method over the estimated useful live...
109
10K
3109
405
Recently Issued Accounting Standards - ------------------------------------ In June 2006, the Financial Accounting Standards Board (FASB) issued interpretation of FASB Statement No. 109, "Accounting for Uncertainty in Income Taxes" (FIN 48). This interpretation clarifies the accounting for uncertainty in income taxes r...
137
10K
5864
606
We regularly prepare forecasts evaluating the current and future cash requirements for both normal and extreme risk events, including the current COVID-19 pandemic. Should an extreme risk event result in a cash requirement exceeding normal cash flows, we have the ability to meet our future funding requirements through ...
53
10K
HannoverRueckSE-AR_2006
1,555
Net book value at 31 December of the year under review 17,596,325 3,048,496 14,547,829 20,210,041 4,739,026 15,471,015
17
annual_report
gb_prudential-AR_2009
1,210
Going concern After making enquiries, the directors have a reasonable expectation that the Company and the Group have adequate resources to continue their operations for the foreseeable future. In support of this expectation, the Company’s business activities, together with the factors likely to affect its future devel...
179
annual_report
gb_prudential-AR_2010
457
The consistency and excellence of its performance resulted in M&G being awarded the prestigious 2010 Global Group of the Year award at the 15th annual Investment Week Fund Manager of the Year Awards. This is the second time in three years that M&G has received this award.
47
annual_report
LloydsBankingGroupPLC-AR_2006
656
• For other insurance liabilities the aim is to invest in assets such that the cash flows on investments will match those on the projected future liabilities. It is not possible to eliminate risk completely as the timing of insured events is uncertain and bonds are not available at all of the required maturities. As a ...
77
annual_report
StorebrandASA-AR_2015
638
3. EQUITY AND DIVIDENDS (DEVIATION FROM THE CODE OF PRACTICE) The Board of Storebrand ASA (“Group's Board of Directors”) continually monitors the Storebrand’s capital solidity in light of its goals, strategy and risk profile. You can read more about Storebrand’s capital situation and solvency on page 33 of the Board of...
224
annual_report
NatixisSA-AR_2014
7,565
V Securities held for sale: securities that are not classified as held for trading, held for investment, other long-term investments, investments in associates or investments in subsidiaries and affiliates. They are reported on the balance sheet at their purchase price, excluding acquisition costs. Any difference betwe...
110
annual_report
PosteItalianeSpA-AR_2017
5,237
The total number of phantom stocks awarded to the 52 Beneficiaries of the Second Cycle of the Plan amounted to 574,141. An independent expert, external to the Group, was appointed to measure the value of the stocks and this was done using Monte Carlo simulations. The cost recognised for 2017 is approximately €0.8 milli...
64
annual_report
SwissReAG-AR_2018
737
We continue to create value by delivering resilience. Resilience – the confidence that we can stand by our underwriting and risk-taking for many years to come – is crucial to our clients and to our shareholders. That resilience is assured through our ongoing disciplined commitment to both active capital allocation, and...
53
annual_report
AdmiralGroupPLC-AR_2008
603
Non-executive Directors do not have service contracts but each has a letter of appointment. The letters of appointment all require a period of one months’ notice should the Non-executive Director wish to resign. The Chairman’s appointment can be terminated by either party giving 3 month’s notice.
46
annual_report
Sampoplc-AR_2020
128
Nordic peers. However, Denmark’s public finances have stayed relatively stable due to increased tax revenue from returns on pension investments and actual stimulus spending being noticeably smaller than the funds allocated to the package. In 2021, the economic upswing will be initially driven by rising private consumpt...
64
annual_report
5696
711
above. Amounts disclosed above are gross of anticipated amounts recoverable from reinsurers. Reinsurance balances recoverable on unpaid loss and settlement reserves are reported separately as assets, instead of being netted with the related liabilities, since reinsurance does not discharge the Company of our liability ...
68
10K
1653
458
On February 22, 2002, Global Preferred filed a registration statement with the Securities and Exchange Commission for an initial public offering of common stock at a proposed maximum aggregate offering price of $120,750,000.
33
10K
4430
1,376
Interest and penalties relating to unrecognized tax expenses (benefits) are recognized in income tax expense, when applicable. There was no liability for interest or penalties accrued as of December 31, 2011 and 2010. In 2010, $9.6 million of interest, net of tax, was received on tax refunds. In 2010, current income ta...
95
10K
3068
1,457
These leases have various escalations, abatements and tenant improvement allowances that have been included in the total cost of each lease and amortized on a straight-line basis. Total rent expense for all office space and office equipment under non-cancelable operating leases was $12,576, $11,362 and $8,704 in 2006, ...
67
10K
1249
408
This report contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the beliefs of our management as well as on assumptions made by and information currently available to us at the time s...
103
10K
5661
1,187
Under the QSR Transactions, we cede a portion of claims and claim expense reserves to our reinsurers, and account for such ceded reserves as reinsurance recoverables in "Other Assets" on the consolidated balance sheets and as reductions to claims expenses on the consolidated statements of operations. We remain directly...
63
10K
5034
1,631
2015 vs. 2014: The decrease of 33.0% in net income was largely due to the effect of the sale of ARX, one of our larger strategic operating affiliates, on April 1, removing three quarters of earnings in 2015 compared to 2014. See Item 8, Note 3(d), "Acquisitions and Disposals - Sale of Strategic Operating Affiliate," fo...
61
10K
NatixisSA-AR_2002
2,956
The shares are registered and all transfers to third parties require approval by the company.
15
annual_report
5671
2,867
Share-settled restricted stock units granted pursuant to the 2017 Plan or the 2007 Plan either cliff vest at the end of a three year period, vest in accordance with a three year graded vesting schedule, or vest in accordance with a four year graded vesting schedule in four annual installments beginning on the grant dat...
55
10K
1504
500
First quarter... $43,647 $8,782 - $ 8,782 Second quarter.. 47,128 9,872 - 9,872 Third quarter... 48,128 9,870 - 9,870 Fourth quarter... 53,957 10,429 - 10,429
25
10K
2463
5,658
Gross and net premiums written for the years ended December 31, 2003 and 2002 were as follows:
17
10K
4382
1,747
The following table shows the amounts recorded for the Notes as of December 31, 2011:
15
10K
5441
935
The following table presents the rollforward of Level 3 assets and liabilities held at fair value on a recurring basis during the year ended December 31, 2017.
27
10K
NatixisSA-AR_2008
2,125
As in 2007, Natixis Management organized specifi c actions for senior management, such as the organization: of eight informational meetings with the Executive Board for ■
26
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014
1,040
In the past financial year, we posted a negative balance totalling –€1,068m (–985m) from write-ups and write-downs of derivatives and losses on the disposal of derivatives. The adverse effects resulted mainly from equity, inflation and commodities derivatives. Losses on inflation and commodities derivatives were up on ...
67
annual_report
NatixisSA-AR_2012
4,272
Transactions on derivatives treated with the “LCH Clearnet Ltd” clearing house, whose operating principles meet the two criteria mentioned above, are offset in the balance sheet (see Note 6.1.3).
29
annual_report
AegonNV-AR_2004
2,050
1The 2002 and 2003 numbers have been adjusted to reflect the changes in accounting principles implemented as of January 1, 2004. 2Adjusted for stock dividend.
25
annual_report
4556
778
Total HCIT revenue increased $38.8 million, or 33.4% to $155.0 million for the year ended December 31, 2012 as compared to $116.3 million in 2011. The increase was primarily due to an increase in revenues earned from transaction processing as a result of increased volume or rates from existing customers and additional ...
110
10K
4116
1,689
Derivative assets are presented within other invested assets and derivative liabilities are presented within other liabilities. The amounts are presented gross in the tables above to reflect the presentation in the consolidated balance sheets, but are presented net for purposes of the rollforward in the following table...
47
10K
HelvetiaHoldingAG-AR_2003
386
The detailed rules are included in Article 3bis in the Articles of Incorporation: “http://
14
annual_report