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AvivaPLC-AR_2007
3,236
(ii) Future contractual aggregate minimum lease and associated payments under non-cancellable operating leases are as follows: £m £m
18
annual_report
1761
291
Fee income was $347 million in 2001, a $35 million increase from 2000. Fee income was $312 million in 2000, a $37 million increase from 1999. National Accounts is the primary source of fee income due to its service fee business. The increase in fee income in 2001 and 2000 was primarily due to the shift of business mix ...
75
10K
3866
1,993
Identifiable assets are used by each segment in its operations. We do not separately report the identifiable assets for the commercial or personal lines segments because we do not use that measure to analyze the segments. We include all investment assets, regardless of ownership, in the investment operations segment.
49
10K
4673
677
Equity securities held by Brown & Brown have been classified as “available-for-sale” and are reported at estimated fair value, with the accumulated other comprehensive income (unrealized gains and losses), net of related income tax effect, reported as a separate component of shareholders’ equity. Realized gains and los...
98
10K
68
182
If the net premiums written with respect to the domestic risk management operations were excluded from both 1994 and 1993, the domestic net premiums written would have increased approximately 12 percent. The decline in the volume of the risk management net premiums written was generally a result of higher deductibles. ...
65
10K
StorebrandASA-AR_2005
356
Tromsø Finnsnes Harstad Narvik Bodø Mo i Rana Namsos Steinkjer Trondheim Tiller
12
annual_report
2694
167
The information required by this Item is included in the Registrant's Annual Report to Shareholders for the year ended December 31, 2004, under the caption "Selected Financial Data" and is incorporated herein by reference.
34
10K
2026
1,217
The decrease of $24.4 million in Individual Operations premiums and deposits for the year ended December 31, 2002 as compared to the comparable prior year period is primarily attributable to lower individual life insurance premiums of $41.0 million, partially offset by an increase in individual annuity considerations o...
50
10K
79
260
GOODWILL: The Corporation amortizes on a straight-line basis goodwill recorded in connection with its business combinations. Included in the balance sheet caption "other assets", was goodwill of $509 million at December 31, 1994, which is principally related to the Cologne Re joint venture and is being amortized over t...
59
10K
StandardLifeAberdeenPLC-AR_2017
2,775
Adjusted operating income relates to revenues generated from external customers with the exception of £125m (2016: £112m) included within Aberdeen Standard Investments which relates to investment management fees arising from intra-group transactions with the Pensions and Savings segment. At a Group level an elimination...
51
annual_report
2524
909
Net Investment Income. Our predecessor’s net investment income was $3.4 million for the years ended December 31, 2002 and 2001. The yield was 4.2% in 2002 compared to 4.7% in 2001. This decline was due primarily to the realignment of our predecessor’s portfolio in 2002 from fixed income securities to cash and short-ter...
68
10K
de_allianz-AR_2009
2,972
Intangible assets with finite useful lives The longterm distribution agreements have useful lives of 13.5 years and 15 years, which were determined by contractual agreements. They are amortized on a straight line basis over the remaining useful lives of 13.5 years and 14 years.
44
annual_report
INGGroepNV-AR_2007
532
Winning a number of landmark deals Wholesale Banking completed a number of important deals in 2007 that illustrate its array of services and capabilities. Corporate Finance advised the Van Gansewinkel Groep in an auction process in January resulting in the sale of the company to the private equity fi rms CVC and KKR. I...
70
annual_report
RaiffeisenBankInternationalAG-AR_2015
455
Q3/2015 figures restated (please refer to the consolidated financial statements for details).
12
annual_report
HannoverRueckSE-AR_2019
129
In the second half of 2019 we also grappled with the definition of a Purpose Statement for Hannover Re. More than 400 members of staff around the world engaged in a frank exchange about the purpose of our work, about our culture and values and about the future orientation of our company. On this basis, we formulated a ...
85
annual_report
2048
760
The following table details the carrying value of CNA’s general and separate account investment portfolios.
15
10K
5530
1,525
We will no longer be permitted to include a provision for adverse deviation in calculations of the liability for future policy benefits.
22
10K
SwissLifeHoldingAG-AR_2020
1,227
Collective bargaining agreements 47% of employees are covered by a collective bargaining agreement.
13
annual_report
GjensidigeForsikringASA-AR_2010
2,008
For segment information according to iFRs 8 please refer to note 4 in the consolidated financial statements. The information below is worked out based on the requirements in the norwegian Financial Reporting Regulations for insurance Companies.
36
annual_report
NatwestGroupPLC-AR_2016
2,591
Commercial & Private Banking (CPB) comprises three reportable segments: Commercial Banking, Private Banking and RBS
15
annual_report
fr_axa-AR_2003
3,308
– The remaining €122 million balance on the provisions recorded in 2000 in connection with the sale of Banque Worms,
20
annual_report
4490
1,597
The fair values and the related notional values of derivatives included in the Company’s Consolidated Balance Sheets at December 31, 2011 are noted below. The Company began entering into derivative transactions during the first quarter of 2011.
37
10K
4987
712
For several years, we also have had exposures relating to a number of credit default contracts written involving corporate and state/municipality issuers. At December 31, 2014, our remaining exposures relate to state/municipality exposures which begin to expire in 2019. The fair values of our state/municipality contrac...
85
10K
2965
748
Certain of the Company's HMO members are covered by an excess catastrophe reinsurance contract and SHL maintains reinsurance on certain of its insurance products. Reinsurance premiums of $2.1 million, $1.8 million and $1.9 million, net of reinsurance recoveries of $3.2 million, $4.0 million and $3.1 million, are includ...
57
10K
TrygAS-AR_2008
2,073
Profit on continuing business 2,334 703 5 Profit/loss on discontinued and divested business -1 0
15
annual_report
4079
1,258
Reinsurance contracts do not relieve the Company from its primary obligations to policyholders. Failure of reinsurers to honor their obligations could result in losses to the Company; consequently, allowances are established for amounts deemed uncollectible. The Company evaluates the financial condition of its reinsure...
125
10K
de_allianz-AR_2010
1,862
2 Net surplus represents the cumulative surplus from re-estimating the reserves for loss and loss adjustment expenses for prior years’ claims and includes foreign currency translation adjustments. For further information, please see note 19 to our consolidated financial statements.
39
annual_report
SwissReAG-AR_1998
649
Württembergische AG Versicherungs- j 31.92 e DEM 79.7 826.1 Beteiligungsgesellschaft1, 2
11
annual_report
3684
4,205
The following tables set forth the change in the Pension Plans’ and Other Post Retirement Benefit Plan’s projected benefit obligations and assets, as well as information on the plans’ funded status at December 31:
34
10K
PhoenixGroupHoldingsPLC-AR_2020
3,276
(net of related costs); • the financial impacts of mandatory regulatory change; • the profit or loss attributable to non-controlling interests; • integration, restructuring or other significant one-off projects; and
30
annual_report
PhoenixGroupHoldingsPLC-AR_2009
1,869
Ernst & Young Accountants LLP have reported separately on the IFRS consolidated financial statements of Phoenix Group Holdings for the year ended 31 December 2009.
25
annual_report
gb_prudential-AR_2006
2,392
The basic fee is £55,000 per annum. An additional fee of £25,000 per annum is paid to the Senior Independent Director.
21
annual_report
AegonNV-AR_2014
1,457
Asia - ADAMS The potential use of direct marketing in the insurance industry is growing due to economic pressure on traditional distribution channels and changes in customer behavior. For this reason, multinational insurers across the region are increasing their marketing capabilities.
41
annual_report
INGGroepNV-AR_2017
848
Customer expectations are increasing in line with changing technology. Banks are responding through automation. This is allowing them, for example, to provide customers with instant retail and corporate credit offers, as well as a simple, rapid, online accountopening process. A large proportion of our customers already...
65
annual_report
nl_ing_grp-AR_2018
1,104
Supervisory Board are continuously engaged with ING and are able to devote sufficient time and attention to oversee ING’s affairs. As of 2018 onwards all outside positions of the members are collectively discussed on an annual basis, among others to safeguard continuation of such engagement.
45
annual_report
4777
1,549
In 2014, the Company expects to contribute $9 million to the other defined benefit pension plans.
16
10K
INGGroepNV-AR_2008
2,457
While we continue to monitor our exposures in this area, in the light of the ongoing market environment and the resulting uncertainties concerning valuations, there can be no assurances that we will not experience further negative impacts on our shareholders’ equity or profit and loss accounts from such assets in futur...
52
annual_report
5100
669
The following paragraphs describe the consolidated results of operations of Ambac and subsidiaries for 2015, 2014 and 2013 and its financial condition as of December 31, 2015 and 2014.
29
10K
5709
3,922
Line of credit borrowings due April 30, 2024, current interest rate of 3.30% at December 31, 2019
17
10K
de_allianz-AR_2018
869
In order to foster market alignment and to simplify the remuneration structure, the mid-term bonus (MTB) is discontinued and variable compensation now consists of only two components. The weighting of the compensation components is therefore adjusted in order to allocate the discontinued MTB target amount, which had a ...
82
annual_report
RSAInsuranceGroupPLC-AR_2017
3,745
A letter from the Chairman and the notice convening the AGM (Notice) is made available to all Ordinary Shareholders at least 20 working days before the meeting and can be found on the Company’s website at www.rsagroup.com/AGM2018.
37
annual_report
2677
661
Investigations by the offices of attorneys general in 18 jurisdictions, and the departments of insurance or other state agencies in 29 other jurisdictions remain pending.
25
10K
4312
1,360
Other Operating Expenses. The decrease in other operating expenses for 2010 compared to 2009 is primarily due to decreases in salaries, severance, audit fees and consulting fees, which was partially offset by an increase in expenses related to consolidated VIEs.
40
10K
AegonNV-AR_2011
19
PRESENTATION OF CERTAIN INFORMATION AEGON N.V. is referred to in this document as “AEGON,”
14
annual_report
5063
1,430
Futures: Futures contracts are used to hedge against a decrease in certain equity indices. Such decreases may result in a decrease in variable annuity account values which would increase the possibility of the Company incurring an expense for guaranteed benefits in excess of account values. The Company also uses future...
137
10K
StorebrandASA-AR_2011
877
governing and controlling bodies: competence, experience, capacity, gender distribution, independence and the interests of the community of shareholders. More information about the members has been published on the group’s website. The
31
annual_report
HannoverRueckSE-AR_2005
943
Hannover Euro Private Equity Partners III GmbH & Co. KG, Hannover/Germany1) 63.8 EUR 23 337 (36)
16
annual_report
2287
252
The amortization of deferred policy acquisition costs decreased by $227,000, or 10.3%, to $1,970,000 for fiscal year 2002 from $2,197,000 for the comparable period in 2001. The decrease in amortization expense was in line with actuarial assumptions.
37
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007
834
By acquiring the US health insurer Sterling Life Insurance Company (“Sterling”) in Bellingham, Washington, we are securing effective access to the US growth market for seniors. The transaction is expected to be completed in the first quarter of 2008. Sterling is one of the leading health insurance providers for the 65+...
77
annual_report
4126
2,076
The discount rate assumption used to determine the benefit obligation for 2009 and 2008 was based on a yield-curve approach. Under this approach, a weighted average yield is determined from a hypothetical portfolio of high quality fixed maturity corporate bonds (rated Aa or higher) available at the year-end valuation d...
75
10K
gb_prudential-AR_2005
694
2005 (at CER) Percentage 2005 (at RER) Percentage IFRS operating profit based on longer-term investment returns £m £m change £m £m change
22
annual_report
5831
1,422
and surplus above a calculated threshold or face varying levels of regulatory action. Capital adequacy of our foreign insurance subsidiaries is regulated by applicable laws of the U.K., Bermuda and other jurisdictions, including Germany. At December 31, 2020, the capital and surplus of each of our insurance subsidiarie...
62
10K
1197
1,004
Year Ended December 31 (in millions) 1999 1998 1997 --------------------------------------------------------------------------------------- Unrealized gains (losses) on securities available-for-sale arising during the year $(1,202.4) $210.7 $426.5 Less: reclassification adjustment for gains (losses) included in net inc...
67
10K
SwissLifeHoldingAG-AR_2013
2,121
expected benefit payments amounts in CHF million (if not noted otherwise)
11
annual_report
gb_prudential-AR_2017
2,023
At Group level, the Chair of the Audit Committee is responsible for oversight of whistleblowing activities across the whole of the Group.
22
annual_report
AdmiralGroupPLC-AR_2010
989
Transferred to ‘assets classifi ed as held for sale’ (0.2) (0.5) (0.1) – (0.8)
14
annual_report
gb_lloyds_banking_grp-AR_2017
2,250
Deferral The 2017 GPS for all Executive Directors is awarded in a combination of cash and shares. 40 per cent of the GPS will be released in 2018 (£2,000 cash in March, the remainder in shares), 40 per cent will be released in 2019 and the remaining 20 per cent will be released in 2020, subject to remaining in the Grou...
77
annual_report
HannoverRueckSE-AR_2012
529
In view of the favourable result, the development of the shareholders ’ equity of the Hannover Re Group was pleasing. Compared to the position as at 31 December 2011, it increased by EUR 1,133.6 million in the year under review to EUR 6,740.3 million.
44
annual_report
NatixisSA-AR_2016
9,931
view to the completeness and consistency of the Information, processing and control process had been implemented, with a ascertain that an information-gathering, compilation,a
23
annual_report
4993
341
The Report of Independent Registered Public Accounting Firm issued by Bongiovanni & Associates, CPAs for the audited financial statements for the year ended June 30, 2013 and the Report of Independent Registered Public Accounting Firm issued by D. Brooks and Associates CPA's, P.A. for the audited financial statements f...
65
10K
2566
1,529
During the third quarter of 2003, the Company adopted the fair value recognition provisions of Statement of Financial Accounting Standards No. 123, “Accounting for Stock-Based Compensation” (“SFAS No. 123”), for stock-based employee compensation, effective as of the beginning of 2003. Under the fair value method of acc...
205
10K
1550
750
XL Europe is permitted to underwrite risks throughout the European Community (subject to certain restrictions) pursuant to the "Third Directive" relating to non-life insurance. XL Europe's head office is in Ireland and it is subject to regulation under Irish regulatory authority. The principal legislation and regulatio...
96
10K
2741
10,148
The majority of the workers’ compensation reserve increase during 2005 was related to an XLRA working layer program written across multiple underwriting years with a single cedent. This program was not renewed at the end of 2001. Other than this program, XLRA has not written significant working layer workers’ compensat...
74
10K
4824
666
We have exposure to construction defect liabilities in Colorado and surrounding states. We have historically insured small- to medium-sized contractors in this geographic area. In an effort to limit the number of future claims from multi-unit buildings, we implemented policy exclusions in 2009, later revised in 2010, t...
102
10K
PosteItalianeSpA-AR_2016
2,059
• Other provisions cover probable liabilities of various type, including: estimated liabilities deriving from the risk that specific legal actions undertaken in order to reverse seizures of the Parent Company’s assets may be unable to recover the related amounts, claims for rent arrears on properties used free of charg...
65
annual_report
5906
5,854
The Vermont reinsurance subsidiaries also have certain accounting practices permitted by the state of Vermont that differ from those found in NAIC SAP. One permitted practice involves accounting for the lesser of the face amount of all amounts outstanding under an LOC and the value of the Valuation of Life Insurance Po...
178
10K
3757
2,571
September 30, 2008 at a rate equal to 2.785% on a notional $450.0 million of our term debt in exchange for payments to us from Bank of America, N.A. based upon the applicable variable 90-day LIBOR rate on the same notional amount. We account for this swap as a highly effective cash flow hedge with critical terms that s...
134
10K
5958
4,209
• Differences between the expected and the actual return on plan assets
12
10K
5143
1,291
The recoverable for ceded unpaid losses and LAE includes an estimate for claims reported and an additional liability for claims incurred but not reported, based on the Company’s historical loss experience. While management believes the amounts included in the consolidated financial statements are adequate, such estimat...
123
10K
NatixisSA-AR_2019
1,996
Contract termination payment: severance payment/non-compete payment - On May 2, 2018, the Board of Directors decided that François Riahi would, effective from his appointment as Chief Executive Officer, be entitled to the same severance payments and consideration for non-compete agreement as his predecessor, the commit...
234
annual_report
NatwestGroupPLC-AR_2019
660
Leverage ratios The CRR leverage ratio decreased to 5.1% (2018 – 5.4%). The UK leverage ratio decreased to 5.8% (2018 – 6.2%) due to lower Tier 1 capital.
28
annual_report
gb_prudential-AR_2012
3,969
The discounted cash fl ow valuation has been based on a three-year plan prepared by M&G, and approved by management, and cash fl ow projections for later years. The value in use is particularly sensitive to a number of key assumptions as follows: i The set of economic, market and business assumptions used to derive the...
283
annual_report
PowszechnyZakladUbezpieczenSA-AR_2014
1,038
Main operations: • implementation of product innovations; • development of service processes applying new technologies and gradual introduction of self-service to group and individually continued insurance; • improving the quality of the database of clients with group and individually continued insurance for potential ...
72
annual_report
NatixisSA-AR_2014
4,274
Consolidated fi nancial statements and notes difference between the investments’ historical value and their reassessed value is recognized on the liabilities side of the balance sheet under “Shareholders’ equity, group share” and in income under “Share in income of associates” in the consolidated income statement and u...
69
annual_report
2952
1,176
Prepaid income tax was $3,719 and $2,287 at December 31, 2005 and December 31, 2004, respectively, and is included in prepaid expenses, provider receivables and other current assets.
28
10K
RaiffeisenBankInternationalAG-AR_2020
4,084
Provisions for off-balance sheet items according to IFRS 9 (43,715) (30,069) (86,777) (160,561)
13
annual_report
3607
1,678
For most contracts, the Company estimates gross profits over a 20 year horizon as estimated profits emerging subsequent to year 20 are immaterial. The Company uses other amortization bases for amortizing DAC, such as gross costs (net of reinsurance), as a replacement for EGPs when EGPs are expected to be negative for m...
119
10K
5713
2,289
The estimated fair value of each reporting unit incorporates multiple inputs into discounted cash flow calculations including assumptions that market participants would make in valuing the reporting unit. Assumptions include levels of economic capital, future business growth, earnings projections, assets under manageme...
89
10K
2076
1,252
Effective March 20, 2002, CNC reached agreement with the participating banks in its bank credit facility to modify certain terms and conditions within the $1.5 billion Senior Credit Facility. The most significant changes in the amended facility include (i) a change in financial covenant requirements; (ii) a change in t...
144
10K
StandardLifeAberdeenPLC-AR_2017
2,535
 Methodology Choice: We considered the pricing model methodologies with reference to Royal Institution of Chartered Surveyors Valuation – Professional Standards (the ‘Red Book’).
24
annual_report
4492
698
Growth in premiums and fees benefitted from a combination of factors. Key among these have been market share gains emanating from title industry dislocations and consolidation during the past three years or so, and greater levels of refinancing activity in more recent times. 2011 claim ratios were slightly lower in rel...
71
10K
408
463
The following table sets forth the amounts recognized in the Consolidated Statements of Financial Position at December 31, in accordance with SFAS 106 "Employers Accounting for Postretirement Benefits Other Than Pensions."
31
10K
1388
545
Upon reaching certain stipulated financial goals, former shareholders of The Watson Company will earn the right to receive up to $900,000 of our common stock based on market values at the time of achievement. These payments, when earned, will be accounted for as additional purchase price to be amortized over the remain...
57
10K
1636
549
Temporary differences of which give rise to the deferred tax assets and liabilities as of December 31, 2001 and 2000 are as follows:
23
10K
GjensidigeForsikringASA-AR_2016
631
The internal audit function is an independent, objective confirmatory and advisory function that shall contribute to the organisation achieving its goals. The head of the internal audit function is appointed and dismissed by the Board and submits reports on the Group’s risk management and internal control to the Board ...
102
annual_report
SwissReAG-AR_2003
1,241
Swiss Re is exposed to multiple risks; it must therefore assess the entirety and correlation of the risks in its portfolio to determine which of them may accumulate and which contribute to diversification. This assessment is carried out on the basis of proprietary integrated risk models, developed over the course of mo...
55
annual_report
PosteItalianeSpA-AR_2017
428
Net revenue thus amounts to €1,457 million, marking growth of 17.2% compared with 2016 (€1,242 million).
16
annual_report
4095
2,631
On February 17, 2009, S&P lowered Prudential Financial’s long-term senior debt rating to “A” from “A+” and affirmed the “AA” ratings of our life insurance subsidiaries. The long-term ratings outlook was revised from stable to negative.
36
10K
1388
638
Acquisitions accounted for $59.2 million of the $62.7 million used in investing activities. The balance was comprised of $3.5 million for purchases of equipment.
24
10K
5441
567
Cash flows As reflected in our Consolidated Statements of Cash Flows, higher cash provided by operating activities in 2017 compared to 2016 was primarily due to higher premiums, higher net investment income and decreased payments for policy and contract benefits, partially offset by higher payments for operating expens...
88
10K
PhoenixGroupHoldingsPLC-AR_2012
1,534
For so long as a deferred coupon payment has not been satisfied PGH1 may not declare, pay or distribute a dividend on any of its securities in issue ranking junior to the Notes including the ordinary shares of PGH1 or any parity securities or, except in particular circumstances, redeem, purchase or otherwise acquire an...
87
annual_report
4554
840
The Company may be exposed to credit-related losses in the event of non-performance by counterparties to derivative financial instruments. Generally, the credit exposure of the Company’s derivative contracts is limited to the fair value at the reporting date plus or minus any collateral posted or held by the Company. T...
74
10K
AvivaPLC-AR_2016
8,305
Operating profit before tax General Insurance (14) 13 9 Corporate centre (184) (180) (132) Group debt costs and other interest (325) (361) (463) Other Group operations (65) (46) (56)
29
annual_report
4747
546
Obligations of states and political subdivisions-As of December 31, 2013, gross unrealized losses related to obligations of states and political subdivisions were $2.241 million. Of this amount, $0.241 million have been in an unrealized loss position for twelve months or greater and are rated A- or better. All factors ...
116
10K
fr_axa-AR_2003
2,822
– AXA does not limit the amount of assets it recognizes to the amount recoverable through reduction in future contributions or from a plan refund.
25
annual_report
5388
3,189
Plaintiff filed this class action lawsuit on behalf of all persons for whom Metropolitan Life Insurance Company established a TCA, to pay death benefits under an ERISA plan. The action alleges that Metropolitan Life Insurance Company’s use of the TCA as the settlement option for life insurance benefits under some group...
166
10K
3850
988
The National Association of Insurance Commissioners utilizes the RBC adequacy monitoring system. The RBC calculates the amount of adjusted capital that a life insurance company should have based upon that company’s risk profile. As of December 31, 2008 and 2007, based on the RBC formula, MLLICNY’s total adjusted capita...
65
10K
4572
727
At December 31, 2012 and 2011, our Loss Reserves, net of unpaid losses and loss adjustment expenses recoverable, by type and by operating segment were as follows:
27
10K
3511
8,530
On January 18, 2008, a shareholder derivative action was filed, purportedly on behalf of The Allstate Corporation, against the members of its Board of Directors, in the United States District Court for the Northern District of Illinois, Eastern Division. This derivative action alleges breaches of fiduciary duties, abus...
160
10K
4517
1,276
Because of the magnitude, scope and complexity of the ACA, we also need to dedicate substantial resources and incur material expenses to implement the legislation. Any delay or failure by us to execute our operational and strategic initiatives with respect to health care reform or otherwise appropriately react to the l...
87
10K