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5399 | 905 | In 2016, amortization of DAC on our Canadian segregated funds product was lower compared to 2015 largely due to the impact of favorable 2016 segregated funds market performance. | 28 | 10K |
Sampoplc-AR_2000 | 1,670 | Profit brought forward, 1 Jan. 226 For dividend distribution –145 Transfer from reserves provided for by the articles of association –80 Transfer to other reserves 0 | 26 | annual_report |
HannoverRueckSE-AR_2014 | 3,377 | Interim Report 1 / 2015 Annual General Meeting Hannover Congress Centrum Theodor-Heuss-Platz 1 – 3 30175 Hannover, Germany | 18 | annual_report |
SwissReAG-AR_2009 | 1,234 | Responsibilities The Board of Directors reviews the professional credentials of the external auditor. The Audit Committee assists the Board in fulfilling its oversight of the auditor. The auditor is accountable to the Audit Committee, the Board of Directors and ultimately to the shareholders. | 43 | annual_report |
3586 | 899 | Given the growth of our insurance in force and the current state of the mortgage and housing market, we anticipate that our number of loans in default for both Primary and Modified Pool insurance will continue to increase as the largest percentage of our insurance in force reaches its peak claim paying period. We experienced an increase in the number of defaults as of December 31, 2007 of approximately 96% as compared to December 31, 2006. Accordingly, we expect reserves to continue to increase as our business continues to age. We also expect default rates to increase for business that has increased risk characteristics such as Alt-A loans, higher LTV loans and PNAM ARMs. We expect the overall default rate to increase as the business with increased risk characteristics becomes a larger percentage of our insurance in force and as the recent vintage years reach their peak default period. The default rate is also affected by the number of policies in force, which is the denominator in the default rate calculation. The anticipated lower production in 2008 is also expected to result in an increase in the default rate compared to the rate that would result if our 2008 production were consistent with 2007 levels. | 205 | 10K |
SwissReAG-AR_1970 | 207 | Sw. frs. Sw.frs. : Gross Premiums 327,467,000 267,148,000 Net Premiums 229,631,000 209,082,000 | 12 | annual_report |
AssicurazioniGeneraliSpA-AR_2015 | 1,422 | Return on Investments The indicators for the return on investments are presented, obtained as the relationship: ❚ for the net current return between interest and other income, including income from financial instruments at fair value through profit and loss (excluding income from financial instruments related to linked contracts) net of depreciation on real estate investments and the average investments (calculated on book value); ❚ for the harvesting rate between net realized gains, net impairment losses and realized and unrealized gains and losses from financial instruments at fair value through profit and loss (excluding those from financial instruments related to linked contracts) and the average investments (calculated on book value); The profit and loss return is equal to the current return plus the harvesting rate net of investment management expenses. | 129 | annual_report |
2863 | 672 | The completion factor method is used for the months of incurred claims prior to the most recent three months because the historical percentage of claims processed for those months is at a level sufficient to produce a consistently reliable result. Conversely, for the most recent three months of incurred claims, the volume of claims processed historically is not at a level sufficient to produce a reliable result, which therefore requires us to examine historical trend patterns as the primary method of evaluation. | 82 | 10K |
LloydsBankingGroupPLC-AR_2006 | 194 | The results reflect a strong performance across each of our three divisions, as we delivered good profitable growth in each, and once again we delivered positive jaws as the rate of growth in income exceeded that of costs. | 38 | annual_report |
fr_axa-AR_2008 | 4,053 | Total Financial investments exposed to interest rate risk 35,095 77,277 217,574 329,946 | 12 | annual_report |
SwissReAG-AR_2002 | 167 | 10/11 December Swiss Re hosts annual Economic and Insurance Industry Forum in London and New York The events offered perspectives on economic performance in 2002 and provided forecasts for 2003. Attendees were Swiss Re clients and members of the international media. | 41 | annual_report |
AvivaPLC-AR_2017 | 4,032 | Group would redeem the FxdRNs at first call date on 3 November 2017. At the notification date the instrument was reclassified as a financial liability of £484 million, representing its fair value on translation into sterling at that date. The resulting foreign exchange loss of £92 million has been charged to retained earnings. The FxdRNs were redeemed in full on 3 November 2017 at a cost of £488 million, including an additional £4 million of exchange losses subsequent to the reclassification which are included within other expenses within the income statement. The Step-up Tier one Insurance Capital Securities (‘STICS’) were issued on 21 November 2003 by Friends Life Holdings plc, substituted as issuer by Aviva plc on 1 October 2015. The STICS are irrevocably guaranteed on a subordinated basis by Aviva Life & Pensions Limited. Prior to the Part VII transfer of the Friends Life business into UK Life on 1 October 2017 the guarantor for the STICS was Friends Life Limited. | 162 | annual_report |
HannoverRueckSE-AR_2011 | 3,706 | Hannover Re transferred a portfolio of facultative reinsurance risks to the capital market from September 2009 to January 2011, was in runoff as at the balance sheet date. A number of special purpose entities participated in the reinsurance cessions within “FacPool Re”; Hannover Re did not hold any shares in these special purpose entities and did not bear the majority of the economic benefits or risks arising out of their activities through any of its business relations. | 77 | annual_report |
RaiffeisenBankInternationalAG-AR_2015 | 3,488 | Slovenia Raiffeisen Leasing d.o.o. Letališka cesta 29a SI-1000 Ljubljana Phone: +386-1-241-6250 Fax: +386-1-241-6268 www.rl-sl.si | 14 | annual_report |
gb_prudential-AR_2008 | 1,093 | Significant agreements that take effect, alter or terminate upon a change of control of the Company following a takeover bid Under the agreements governing Prudential Corporation Holdings Limited’s life insurance and fund management joint ventures with China International Trust & Investment Corporation (CITIC), if there is a change of control of the Company, CITIC may terminate the agreements and either (i) purchase the Company’s entire interest in the joint venture or require the Company to sell its interest to a third-party designated by CITIC or (ii) require the Company to purchase all of CITIC’s interest in the joint venture. The price of such purchase or sale is to be the fair value of the shares to be transferred, as determined by the auditor. | 123 | annual_report |
AegonNV-AR_2018 | 7,748 | Corporate and individual income tax Residents of the Netherlands If a holder of Aegon common shares is a resident or deemed to be a resident of the Netherlands for Netherlands corporate income tax purposes and is fully subject to Netherlands corporate income tax or is only subject to Netherlands corporate income tax in respect of an enterprise to which Aegon common shares are attributable, income derived from Aegon common shares and gains realized upon the redemption or disposal of Aegon common shares are generally taxable in the Netherlands (at up to a maximum rate of 25%) under the Netherlands Corporate Income Tax Act 1969 (Wet op de vennootschapsbelasting 1969). | 109 | annual_report |
HannoverRueckSE-AR_2020 | 547 | – in each case drawn up as at 31 December 2020 – and have no objections in this regard; nor do we have any objections to the statement made by the Executive Board at the end of the report on relations with affiliated companies. | 44 | annual_report |
NatwestGroupPLC-AR_2019 | 867 | Note: (1) Return on equity is based on segmental operating profit after tax adjusted for preference share dividends divided by average notional equity (based on 15% of the monthly average of segmental risk-weighted assets incorporating the effect of capital deductions (RWAes)), assuming a nil tax rate. | 46 | annual_report |
AvivaPLC-AR_2011 | 3,731 | The assumptions above are based on commonly used mortality tables and, in the UK, have been changed to those used by both schemes’ trustees in the most recent full actuarial valuations. The new tables make allowance for observed variations in such factors as age, gender, pension amount, salary and postcode-based lifestyle group, and have been adjusted to reflect recent research into mortality experience. However, the extent of future improvements in longevity is subject to considerable uncertainty and judgement is required in setting this assumption. In the UK schemes, which are the most material to the Group, the assumptions include an allowance for future mortality improvement, based on the actuarial profession’s long and medium cohort projection tables (for the ASPS and RAC schemes respectively) and incorporating underpins to the rate of future improvement equal to 1.5% per annum for males and 1.0% per annum for females. The effect of assuming all members were one year younger would increase the liabilities in all the schemes by £265 million and the service cost for the year by £1 million. The discounted scheme liabilities have an average duration of 20 years in the main UK scheme, 22 years in the RAC scheme, 19 years in the Irish scheme and 13 years in the Canadian scheme. The undiscounted benefits payable from the main UK defined benefit scheme are expected to be as shown in the chart below: | 232 | annual_report |
BaloiseHoldingLtd-AR_2011 | 1,807 | Change in technical reserves (gross) – 73.5 – 127.5 – 1,319.7 – 512.4 – – – – – – – 1,393.2 – 639.9 | 23 | annual_report |
936 | 705 | Premium Deficiencies Recognition. In third quarter 1998, a contract dispute arose between the Company and MBNA America Bank, N.A., the producer of an automobile insurance program within the Custom Markets division ("the MBNA program"). The dispute related to certain underwriting and pricing changes made by TIG to produce contractually guaranteed rates of return. In September 1998, the MBNA program was terminated. The producer elected under the termination provisions of the agency contract to require TIG to provide a renewal market through September 1, 1999. As a result, TIG recognized a premium deficiency of $33 million in third quarter 1998 related to future earned premium from existing Custom Markets business and mandatory renewals through September 1, 1999, for the MBNA program. The premium deficiency was recorded in TIG's third quarter 1998 income statement by expensing all Custom Markets deferred policy acquisition costs, which totaled $19 million, and establishing additional loss reserves of $14 million. At December 31, 1998, $7 million of this additional loss reserve remained. Net premium written for the MBNA program was $88 million and $30 million for the years ended December 31, 1998 and 1997, respectively. | 188 | 10K |
PosteItalianeSpA-AR_2017 | 7,264 | Note 2.6 to the financial statements as of 31 December 2017 “Determination of fair value” | 15 | annual_report |
5856 | 581 | Foreign currency fluctuations can result in variances in the financial statement line items. Foreign currency exchange fluctuation did not have a material impact on income before taxes in 2020. Unless otherwise stated, all amounts discussed below are net of foreign currency fluctuations. | 42 | 10K |
1873 | 1,121 | additional capital beyond what they have already provided for any shortfall in the reserves for their individual book of business. Aon is required to fund any shortfalls in accordance with Aon's limited recourse to the funding facility arranged by the servicing agent. The servicing agent estimated the liability that Aon would have for the existing shortfall at the time Aon decided to discontinue new auto loan financing under the facility. Aon recorded a charge to establish this obligation in accordance with FASB Statement No. 5, which amounted to an expense of $44 million. For the year 2000, the last full year of operation, these servicing operations, which were part of Aon's Insurance Brokerage and Other Services segment, generated revenue of $42 million and pretax income of $3 million. | 128 | 10K |
1318 | 408 | During periods of peak demand for flood and homeowners insurance, the number of policies waiting to be issued increases. This backlog represents future service fee income to be earned, generally within one month. | 33 | 10K |
AegonNV-AR_2007 | 2,279 | Aggregate tax effect of items recognized directly in equity – – 281 – 2 283 – 283 | 17 | annual_report |
StorebrandASA-AR_2006 | 1,340 | The guaranteed yield on the premium reserve and on the premium fund is recognised to profit and loss as part of the item ‘changes in insurance reserves’. Other profit allocated to customers is shown under the item | 37 | annual_report |
2885 | 1,202 | The Company maintains two 401(k) defined contribution plans covering substantially all U.S. employees. | 13 | 10K |
NatixisSA-AR_2002 | 1,355 | Accounting policies and valuation rules specific to nonbanking activities are retained in the consolidated financial statements, in particular those applicable to insurance subsidiary accounts. However, eliminating transactions between these subsidiaries and the banking subsidiaries cancels the matching of investments and technical reserves in the insurance companies’ balance sheet. As a result,technical reserves are covered by insurance and banking assets. | 59 | annual_report |
INGGroepNV-AR_2013 | 5,510 | (1) Tier 1 instruments issued by ING Group (e.g. perpetual debt securities and preference shares) at nominal value. Group hybrid Tier 1 instruments other than preference shares are provided as hybrid capital to ING Bank or NN Group. Hybrid capital securities are perpetual fixed income securities with an embedded call and coupon deferral feature. All hybrids capital securities rank senior to core tier 1 securities and ordinary shares of ING Group and they are structurally subordinated to the senior debt instruments issued by ING Groep N.V. More details on terms and conditions can be found on www.ing.com, investor relations, fixed income information, ING Debt securities, Debt securities ING Groep N.V. | 110 | annual_report |
4863 | 1,187 | Our investment portfolio, including any derivatives, is valued at fair value and any unrealized gains or losses are reflected in net investment income in the consolidated statements of income. As of December 31, 2014, 83.9% (2013: 85.9%) of our investment portfolio (excluding restricted and unrestricted cash and cash equivalents) was comprised of investments valued based on quoted prices in actively traded markets (Level 1), 14.5% (2013: 12.3%) was comprised of securities valued based on observable inputs other than quoted prices (Level 2) and 1.6% (2013: 1.8%) was comprised of securities valued based on non-observable inputs (Level 3). | 97 | 10K |
AvivaPLC-AR_2009 | 1,977 | Intervention and enforcement The FSA has extensive powers to investigate and intervene in the affairs of Authorised Firms and is obliged under FSMA to monitor compliance with the requirements imposed by, and to enforce the provisions of, FSMA, related secondary legislation and the rules made thereunder. | 46 | annual_report |
fr_axa-AR_2011 | 6,076 | EMBEDDED DERIVATIVES IN INSURANCE AND INVESTMENT CONTRACTS WITH DISCRETIONARY PARTICIPATING FEATURES | 11 | annual_report |
4323 | 832 | Structured financing does not appear on the consolidated balance sheets due to a master netting agreement where the Company holds a term deposit note of equal value from the counterparty. | 30 | 10K |
NatixisSA-AR_2014 | 3,556 | In June 2013, Union Mutualiste Retraite fi led three complaints with AEW Europe in relation to the acquisition and management of two real estate portfolios in Germany between 2006 and 2008. The amounts claimed by Union Mutualiste Retraite total €93 million. The case is still in progress. | 47 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2003 | 2,103 | The number of staff employed by the Group at year-end totalled 30,233 (31,063) in Germany and 11,208 (10,333) in other countries. | 21 | annual_report |
1939 | 640 | Management’s Discussion and Analysis of Financial Condition and Results of Operations is set forth under the same caption on pages 25 through 40 of Ambac Financial Group’s 2002 Annual Report to Stockholders. Such information is incorporated herein by reference and should be read in conjunction with the Consolidated Financial Statements and the Notes thereto contained on pages 42 through 65 of such Annual Report. | 64 | 10K |
AegonNV-AR_2017 | 1,885 | In addition to the four basic layers described above, Aegon has an established group-wide risk function. It is the mission of the Risk Management function to ensure the continuity of the | 31 | annual_report |
AegonNV-AR_2012 | 3,688 | of EUR 97 million (2011: EUR 133 million), which are classified as fair value through profit or loss. | 18 | annual_report |
3279 | 901 | Selling, general and administrative expense decreased $116.2 million, or 1%, to $8.7 billion, primarily due to lower salary and benefit costs including performance-based incentive compensation, partially offset by higher costs associated with growth of our business. Our selling, general and administrative expense ratio decreased 120 basis points to 14.5%. This decrease in our selling, general and administrative expense ratio was primarily due to growth in operating revenue and further leveraging of general and administrative costs over a larger membership base. | 80 | 10K |
RSAInsuranceGroupPLC-AR_2017 | 1,618 | The Business Scorecard component focuses on key areas of management activity essential to the success of the Company including Underlying Performance, Risk and Resilience and Business Sustainability (including Customer franchise). The Personal Scorecard consists of SMART objectives bespoke to each Director, with a focus on both what is achieved and how goals are delivered. | 54 | annual_report |
2379 | 1,835 | Provision has been made for the expected U.S. federal income tax liabilities applicable to undistributed earnings of subsidiaries, except for certain subsidiaries for which the Company intends to invest the undistributed earnings indefinitely, or recover such undistributed earnings tax-free. | 39 | 10K |
490 | 551 | The accompanying consolidated financial statements have been prepared on the basis of generally accepted accounting principles ("GAAP") which assumes that the Company will continue as a going concern. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported revenues and expenses during the reporting period. Actual results could differ from those estimates. Certain reclassifications have been made to the 1995 and 1994 financial statements to conform to the 1996 presentation. | 102 | 10K |
4159 | 2,219 | During the year ended December 31, 2010, the Company determined that based on the assessment of its control rights over servicer or collateral manager replacement, given that servicing/managing collateral were deemed to be the VIEs' most significant activities, ten additional VIEs required consolidated and two VIEs were required to be deconsolidated, bringing the total consolidated VIEs to 29 at December 31, 2010. This resulted in an increase in financial guaranty variable interest entities' assets net of $2,606.8 million, an increase in financial guaranty variable interest entities' liabilities of $2,974.4 million and a net loss on consolidation of $241.9 million, which was included in "net change in financial guaranty variable interest entities" in the consolidated statement of operations. | 117 | 10K |
5801 | 908 | In November 2019, the FASB issued ASU 2019-11, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, which made certain changes solely to the guidance on measuring credit losses. In May 2019, the FASB issued ASU 2019-05, Financial Instruments-Credit Losses (Topic 326): Targeted Transition Relief, ASU 2019-04, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments, which provided certain improvements to ASU 2016-01, Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities (ASU 2016-01) and ASU 2016-13. These ASUs do not change the core principles of the guidance in ASU 2016-13. Instead these amendments are intended to clarify and improve operability of certain topics included within the credit losses standard. These ASUs will have the same effective date and transition requirement as ASU 2016-13. | 136 | 10K |
nl_ing_grp-AR_2010 | 1,310 | ASSETS Cash and balances with central banks 1 13,072 15,390 Amounts due from banks 2 51,828 43,397 Financial assets at fair value through profit and loss 3 – trading assets 125,675 111,444 – investments for risk of policyholders 120,481 104,597 – non-trading derivatives 11,722 11,632 – designated as at fair value through profit and loss 6,016 5,517 Investments 4 – available-for-sale 222,547 197,703 – held-to-maturity 11,693 14,409 Loans and advances to customers 5 613,204 578,946 | 75 | annual_report |
1650 | 597 | Anthem's risk based capital as of December 31, 2001, continues to be substantially in excess of all mandatory RBC thresholds. | 20 | 10K |
5138 | 2,708 | made or deemed made; (3) breach of specified covenants; (4) cross-defaults with other material indebtedness (as defined in the Credit Agreement) exceeding an aggregate principal amount of $100 million; (5) certain ERISA (Employee Retirement Income Security Act of 1974) events, (6) bankruptcy and insolvency events, (7) occurrence of a change in control of either Genworth Financial or Genworth Holdings; (8) inability to pay debts as they become due; (9) certain undischarged judgments; (10) Genworth Financial’s guarantee ceases to be valid, binding and enforceable in accordance with its terms; or (11) issuance by any insurance regulatory official of any material corrective order or initiation by any such official of any material regulatory proceeding to oversee or direct management, if such order of proceeding continues undismissed for a period of 30 days. | 130 | 10K |
4067 | 910 | These provisions, as included in ASC Topic 323, were adopted by the Company on January 1, 2009. The Company determined, however, that there was no effect on the Company’s financial condition, results of operations, or cash flows as of December 31, 2009, as there have been no acquisitions or changes in ownership for the year ended December 31, 2009. | 59 | 10K |
5762 | 1,105 | The fair value of the Company’s publicly traded $375 million unsecured notes at December 31, 2019 and 2018 was obtained from a third party pricing service. | 26 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2018 | 907 | Condensed income statement for Munich Reinsurance Company 2018 Prev. year Change €m €m % Earned premiums for own account 16,856 20,525 –17.9 Interest on technical provisions for own account 398 469 –15.3 Other underwriting income for own account 18 39 –52.8 Claims incurred for own account –11,562 –16,711 30.8 Change in other technical provisions for own account 418 –552 – Expenses for performance-related and non-performance-related premium refunds for own account 0 –1 – Operating expenses for own account –4,964 –5,736 13,5 Other underwriting expenses for own account –133 –23 –470.6 Subtotal 1,031 –1,990 – Change in claims equalisation provision and similar provisions –780 2,382 – Underwriting result for own account 251 392 –36.1 | 113 | annual_report |
StandardLifeAberdeenPLC-AR_2012 | 1,049 | The measurement period is the period from the date of acquisition to the date the Group obtains complete information about facts and circumstances that existed at the acquisition date, and is subject to a maximum of one year. | 38 | annual_report |
GjensidigeForsikringASA-AR_2014 | 2,454 | Need for impairment app. NOK 75 million No need for impairment Need for impairment app. NOK 35 million Need for impairment app. NOK 166 million | 25 | annual_report |
4090 | 930 | Company’s wholly-owned subsidiary, to the Company’s shareholders (the “Distribution”). Immediately following the Distribution, the Company’s shareholders will own 100% of the outstanding common stock of FinCo. Prior to the Distribution, certain internal transactions will occur so that FinCo directly or indirectly owns all of the Company’s financial services businesses and the title plant management business. The remaining entity, InfoCo, will own all of the Company’s remaining information solutions businesses. FinCo will adopt the “FAF” ticker symbol and its shares of common stock will be traded on the New York Stock Exchange under that symbol. InfoCo will change its name and ticker symbol following the separation. | 105 | 10K |
1658 | 282 | The carrying value of the funded debt was $536 million at December 31, 2001, compared with $366 million a year earlier. | 21 | 10K |
4384 | 824 | Plan assets are invested in various pooled separate accounts under annuity contracts managed by two life insurance carriers. The plan’s investment policy provides that investments will be allocated in a manner designed to provide a long-term investment return greater than the actuarial assumptions, maximize investment return commensurate with risk and to comply with the Employee Retirement Security Act of 1974, as amended (which we refer to as ERISA), by investing the funds in a manner consistent with ERISA’s fiduciary standards. The weighted average expected long-term rate of return on plan assets assumption was determined based on a review of the asset allocation strategy of the plan using expected ten-year return assumptions for all of the asset classes in which the plan was invested at December 31, 2011 and 2010. The ten-year return assumptions used in the valuation were based on data provided by the plan’s external investment advisors. | 148 | 10K |
4230 | 1,552 | The following table summarizes net income (loss) for the Financial Services Businesses and the Closed Block Business for the periods presented. | 21 | 10K |
5229 | 935 | Basic earnings per share have been calculated by dividing net income available to common shareholders by the weighted-average ordinary shares outstanding. Diluted earnings per share has been calculated by dividing net income available to common shareholders by the sum of the weighted-average ordinary shares outstanding and the weighted-average common share equivalents outstanding, which include options and other equity awards. See Note 18 for details. | 64 | 10K |
TrygAS-AR_2013 | 1,124 | Tryg has set up a crisis management structure to deal with the eventuality that Tryg is hit by major crises. This comprises a Crisis Management Team at Group level, national contingency teams at country level and finally business contingency in the individual areas. Tryg has prepared contingency plans to handle the most important areas, such as contingency plans for handling prolonged IT breakdowns in the individual areas of the business. The contingency plans were tested in the autumn of 2013 in a major exercise with a satisfactory result. | 88 | annual_report |
5589 | 1,119 | On November 16, 2018, in connection with the Merger, the Company completed a post-closing adjustment that was settled in cash to CM Bermuda. Based on the reported book value per share of $16.44 as of September 30, 2018, pursuant to the Merger Agreement, Sirius Group paid $1.6 million to CM Bermuda. See Note 3 "Significant Transactions" in Sirius Group's audited financial statements included elsewhere in this Annual Report on Form 10-K for a more detailed discussion. | 76 | 10K |
ch_zurich_insurance_group-AR_2009 | 999 | As the Group has chosen USD as its presentation currency, differences arise when functional currencies are translated into the presentation currency. | 21 | annual_report |
3833 | 10,096 | Establishing property and casualty insurance reserves for claims related to environmental exposures, asbestos and other mass tort claims is subject to uncertainties that are significantly greater than those presented by other types of claims. In addition, accruals (included in other liabilities) have been recorded for various environmental and occupational injury and disease claims and other contingencies arising out of the railroad operations disposed of by American Premier's predecessor, Penn Central Transportation Company ("PCTC") and its subsidiaries, prior to its bankruptcy reorganization in 1978 and certain manufacturing operations disposed of by American Premier and GAFRI. AFG's comprehensive internal review of asbestos and environmental exposures in the second quarter of 2008 resulted in charges of $12 million for the run-off operations of its property and casualty group and $3 million for the former railroad and manufacturing operations and sites. A comprehensive study completed in the second quarter of 2007 with the assistance of outside actuarial and engineering firms and specialty outside counsel resulted in asbestos and environmental charges of $44.2 million for the property and casualty group and $43.0 million for the former railroad and manufacturing operations. | 185 | 10K |
5340 | 4,387 | Pre-tax operating income increased in 2016 compared to 2015 primarily due to: | 12 | 10K |
5700 | 22,697 | (b)The Other comprehensive income (loss) amounts for AIGLH, Other Subsidiaries, and Reclassifications and Eliminations in 2018 have been revised from $2.5 billion to $(4.6) billion, from $12.3 billion to $(6.8) billion, and from $(14.8) billion to $11.4 billion, respectively, to correct Comprehensive income (loss) in 2018. The Other comprehensive income (loss) amounts for AIGLH, Other Subsidiaries, and Reclassifications and Eliminations in 2017 have been revised from $7.8 billion to $1.8 billion, from $17.8 billion to $2.0 billion, and from $(25.7) billion to $(3.9) billion, respectively, to correct Comprehensive income (loss) in 2017. These corrections in 2018 and 2017 have no impact on AIG’s consolidated financial statements and are not considered material to previously issued financial statements. | 116 | 10K |
RSAInsuranceGroupPLC-AR_2010 | 1,251 | GIA reports to management on the effectiveness of the Company’s systems of internal controls and the adequacy of these systems to manage business risk and to safeguard the Group’s assets and resources. | 32 | annual_report |
5757 | 1,398 | The Company pays commissions and certain other fees to Prudential Annuities Distributors, Inc. (“PAD”) in consideration for PAD’s marketing and underwriting of the Company’s annuity products. Commissions and fees are paid by PAD to broker-dealers who sell the Company’s annuity products. Commissions and fees paid by the Company to PAD were $78 million, $73 million and $62 million for the years ended December 31, 2019, 2018 and 2017, respectively. | 69 | 10K |
5429 | 1,237 | The following table sets forth condensed data from our consolidated statements of operations data, as well as other key data used in our results of operations discussions for the years ended December 31, 2017, 2016 and 2015. | 37 | 10K |
5327 | 1,891 | The following additional adjustments are made to expenses, in the line items indicated, in calculating operating expenses: | 17 | 10K |
5192 | 1,022 | Employers Mutual also offers postretirement benefit plans which provide certain health care and life insurance benefits for retired employees. Substantially all of its employees may become eligible for those benefits if they reach normal retirement age and have attained the required length of service while working for Employers Mutual. Employers Mutual has a Health Reimbursement Arrangement (HRA) that is available to participants. Under the HRA, Employers Mutual reimburses participants, up to a pre-determined maximum, for amounts expended to enroll in publicly available health care plans and/or pay for qualifying out-of-pocket health care costs. The obligations of the HRA are based on the total amount of reimbursements expected to be made by Employers Mutual over the lives of the participants, rather than the total amount of medical benefits expected to be paid over the participants’ lives. Therefore, the obligations of the HRA are not impacted by changes in the cost of health care. The life insurance plan is noncontributory. The benefits provided under both plans are subject to change. | 168 | 10K |
NatixisSA-AR_2016 | 5,226 | Natixis Financement is a stakeholder in partnerships in the form of sociétés en participation (SEPs), with a lending institution (Banque Populaire bank or Caisse d’Epargne). The purpose of these SEPs is to ensure the origination, distribution, marketing, management and out-of-court collection of: personal repayment loans granted by the Banque Populaire ora Caisse d’Epargne network; the customers of the Banque Populaire or Caisse d’Epargne network. | 64 | annual_report |
4613 | 2,258 | The Company continues to receive sufficient information to value its investments and has not had to modify its valuation approach due to the current market conditions. As of December 31, 2012, amounts, net of tax, in AOCI included a net unrealized loss of $4 million for securities for which the Company had recognized OTTI and a net unrealized gain of $516 million for securities for which the Company had not recognized OTTI. As of December 31, 2011, amounts, net of tax, in AOCI included a net unrealized gain of $3 million for securities for which the Company had recognized OTTI and a net unrealized gain of $364 million for securities for which the Company had not recognized OTTI. | 118 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2009 | 398 | 31corporate governance corporate governance StateMent the Group Committee comprises the chairman of the Board of Management and at least one other member of the Board of Management. as in the past financial year, its current members are nikolaus von Bomhard, Jörg Schneider and the chief risk officer of Munich reinsurance company, Joachim oechslin. the chairman of the Board of Management is also chairman of the group committee. the group committee decides on all fundamental matters relating to its members’ divisions unless the full Board of Management is mandatorily responsible. in addition, it prepares decisions that have to be taken by the full Board. | 103 | annual_report |
NatwestGroupPLC-AR_2008 | 2,350 | Wages, salaries and other staff costs 8,907 6,230 5,652 Social security costs 696 471 389 Share-based compensation — 65 65 Pension costs – defined benefit schemes (see Note 4) 490 489 580 – defined contribution schemes 148 83 37 | 39 | annual_report |
4019 | 1,501 | condition warrants the payment of a dividend to its stockholders. No consideration is given by the Commissioner of Insurance of the Commonwealth of Puerto Rico to financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP) in making such determinations. See note 25 to our audited consolidated financial statements. | 51 | 10K |
AvivaPLC-AR_2011 | 945 | IGD solvency surplus at 31 December 2010 3.8 Operating profits net of other income and expenses 1.0 Dividends net of scrip (0.5) Market movements including foreign exchange (1.9) Pension scheme funding (0.3) Impact of Delta Lloyd sell down 0.1 Impact of RAC sale 0.2 Restructuring of UK regulated general insurance entities 0.2 Increase in CRR (0.3) Other regulatory adjustments (0.1) | 60 | annual_report |
5883 | 600 | Due to the COVID-19 pandemic and efforts to mitigate the spread of the virus, beginning in March of 2020, Loews Hotels & Co temporarily suspended operations at the majority of its owned and/or operated hotels. Since then, most hotels have resumed operations, but occupancy rates remain considerably lower than those from the prior year, or even occupancy rates prior to March of 2020. As such, Loews Hotels & Co has actively managed the operations of its hotel portfolio, in partnership with each hotel’s stakeholders, to minimize the financial loss at each property and accommodate available demand. Although Loews Hotels & Co has enacted significant measures to adjust the operating cost structure of each hotel during suspensions of operations, deferred most capital expenditures and reduced the operating costs of its management company, these measures could not offset the impact of significant lost revenues. Loews Hotels & Co has therefore incurred significant operating losses since the start of the pandemic. | 158 | 10K |
4967 | 474 | The accounting for pension benefits also contributes to the difference between our GAAP loss and expense ratios and our SAP loss and expense ratios. At January 1, 2013, we adopted new SAP pension guidance, which required the recognition of service costs for non-vested participants. In accordance with GAAP, service costs related to non-vested participants were recognized over a two year vesting period ending December 31, 2014. See “Critical Accounting Policies - Pension and Postretirement Benefit Obligations section included in this Item 7. | 82 | 10K |
HannoverRueckSE-AR_2019 | 845 | The Sustainability Strategy 2018-2020 defines the following goals and measures with regard to this issue: | 15 | annual_report |
RaiffeisenBankInternationalAG-AR_2012 | 2,198 | The rating class excellent credit standing (A1) showed a decline of € 8,006,309 thousand which resulted from reduction of deposits at the Austrian National Bank (minus € 5,895,945 thousand) and decrease of the portfolio of Austrian government bonds (minus € 1,943,406 thousand). | 42 | annual_report |
5309 | 1,590 | At December 31, 2016, scheduled commercial mortgage loan maturities were as follows: | 12 | 10K |
4873 | 1,330 | The 2014 and 2013 valuation allowances were established against net operating loss carryforwards in the Company’s United States subsidiaries, United Kingdom subsidiary and non-U.S. branches. The increase in the valuation allowance was charged to the Company’s income tax expense during 2014. Management believes the net deferred tax assets, less the valuation allowance noted, are more likely than not to be fully realized in corresponding future periods, and the Company’s net deferred tax asset has been fairly stated as at December 31, 2014. In the event that management determines in the future that it is more likely than not that the net deferred tax assets will not be fully realized in the near term and prior to their expiration, the Company will reassess the valuation allowance against the net deferred tax assets and record any changes to income tax expense in the period determined. | 143 | 10K |
SwissLifeHoldingAG-AR_2005 | 1,757 | The Swiss Life Group has significant influence on AIA Pool, which is a pool of several insurance companies. AIA Pool specialises in the insurance of architects and engineers. The significant influence of the Swiss Life Group is based on agreements with the other insurers participating in AIA Pool. No investments in associates had published price quotations as at 31 December 2005 and 2004. As at 31 December 2005 and 2004, no contingent liabilities arose from the Group’s investments in associates. | 80 | annual_report |
ch_zurich_insurance_group-AR_2015 | 2,827 | Transfers into level 3 1 2 – Transfers out of level 3 – – – Foreign currency translation effects (7) (5) (257) | 22 | annual_report |
NatwestGroupPLC-AR_2007 | 2,710 | Scotland. The accounts are prepared on the historical cost basis except that the following assets and liabilities are stated at their fair value: derivative financial instruments, held-fortrading financial assets and financial liabilities, financial assets and financial liabilities that are designated as at fair value through profit or loss, available-for-sale financial assets and investment property. Recognised financial assets and financial liabilities in fair value hedges are adjusted for changes in fair value in respect of the risk that is hedged. | 79 | annual_report |
NatwestGroupPLC-AR_2004 | 516 | ��� Citizens and the Commonwealth of Pennsylvania announced a partnership offering US$100 million in loan funds over the next two years at a low interest rate to companies that agree to create jobs in Pennsylvania. The Citizens Job Bank hopes to create 4,000 new jobs across the state. | 48 | annual_report |
13 | 388 | Separate accounts represent funds for which investment income and gains or losses accrue directly to certain policyholders. The assets of these accounts are legally segregated and are not subject to the claims which may arise out of any other business of the Company. Separate account assets are reported at market value since the underlying investment risks are assumed by the contract holders. The related liabilities are recorded at amounts equal to the underlying assets and the fair value of those liabilities is equal to their carrying amount. | 87 | 10K |
ASRNederlandNV-AR_2012 | 303 | Leadership In 2011 a.s.r. initiated an intensive programme of cultural change. The main priority of this programme is that a.s.r. wants to win back the trust of customers as well as its employees. At the heart of this are the core values of being personal, approachable and accountable, and true to who we are. | 54 | annual_report |
47 | 582 | The Group Department is a Southeastern and Southwestern-focused provider of a wide range of Group insurance products for employers and their employees. It offers conventionally insured and alternatively funded medical benefits, as well as a variety of life, disability income, dental and retirement plans. A summary of this unit's operations follows: | 51 | 10K |
gb_prudential-AR_2015 | 49 | ) basis results 7 A dditional inform ation www.prudential.co.uk Annual Report 2015 Prudential plc 03 | 15 | annual_report |
4871 | 2,514 | Renewal written price increase (decrease) represents the combined effect of rate changes, amount of insurance and individual risk pricing decisions per unit of exposure since the prior year. The rate component represents the change in rate filings during the period and the amount of insurance represents the change in the value of the rating base, such as model year/vehicle symbol for auto, building replacement costs for property and wage inflation for workers’ compensation. A number of factors affect renewal written price increases (decreases) including expected loss costs as projected by the Company’s pricing actuaries, rate filings approved by state regulators, risk selection decisions made by the Company’s underwriters and marketplace competition. Renewal written price changes reflect the property and casualty insurance market cycle. Prices tend to increase for a particular line of business when insurance carriers have incurred significant losses in that line of business in the recent past or the industry as a whole commits less of its capital to writing exposures in that line of business. Prices tend to decrease when recent loss experience has been favorable or when competition among insurance carriers increases. Renewal written price statistics are subject to change from period to period, based on a number of factors, including changes in actuarial estimates and the effect of subsequent cancellations and non-renewals on rate achieved, and modifications made to better reflect ultimate pricing achieved. | 229 | 10K |
3155 | 1,693 | Our investment guidelines require our fixed income securities to be investment grade in order to provide liquidity to meet future payment obligations and minimize the risk to the principal. The fixed income portfolio includes government and corporate securities with an average quality rating of “AA+” and an average contractual duration of 2.8 years as of December 31, 2006. Typically, the amount and duration of our short-term assets are more than sufficient to pay for our short-term liabilities and we do not anticipate that sales of our long-term investment portfolio will be necessary to fund our claims liabilities. | 97 | 10K |
NatwestGroupPLC-AR_2020 | 6,036 | There are a number of risks and uncertainties involved in climate scenario modelling, including that: • it requires a special skill set that banks traditionally do not have and therefore | 30 | annual_report |
LloydsBankingGroupPLC-AR_2012 | 5,041 | Lloyds Banking Group Share Buy Out Awards As part of arrangements to facilitate the recruitment of certain Executives, options have been granted by individual deed and, where appropriate, in accordance with the listing Rules of the uK listing Authority. | 39 | annual_report |
5104 | 1,631 | The incurred claims development related to prior years reflects favorable claims experience compared to previous estimates, primarily in our lines of business in Japan. | 24 | 10K |
4202 | 1,036 | The per occurrence cap on the total program is $64.0 million. | 11 | 10K |
2637 | 1,030 | Net Investment Income. Net investment income increased $237,000 to $1,967,000 for fiscal 2003, compared to $1,730,000 for fiscal 2002, mainly due to a higher yield from investments in fixed maturities in 2003. Investment income in 2002, although based on greater assets, was at a lower yield due to the shorter duration of the investments. | 54 | 10K |
4911 | 4,318 | Company (DelAm), and other related business units, which were sold by AIG to MetLife in November 2010. The inquiries relate to whether ALICO, DelAm and their representatives conducted insurance business in New York over an extended period of time without a license, and whether certain representations by ALICO concerning its activities in New York were accurate. On or about March 31, 2014, a consent order between MetLife and the NYDFS, whereby MetLife agreed to pay $50 million, and a deferred prosecution agreement with the NYDA, whereby MetLife agreed to pay $10 million, were announced. AIG was not a party to either settlement. The consent order between the NYDFS and MetLife made certain findings, including that former AIG subsidiaries and affiliates conducted insurance business in New York without a license and that ALICO, while operating as a subsidiary of AIG, made misrepresentations and omissions concerning its insurance business activities in New York to NYDFS’s predecessor agency, the New York State Department of Insurance. The NYDFS also found in the consent order that AIG had violated the New York Insurance Law. On April 3, 2014, AIG filed a complaint against the NYDFS and NYDFS Superintendent Benjamin Lawsky in the Southern District of New York, seeking declaratory and injunctive relief on the basis that the NYDFS’s interpretation of the New York Insurance Law is unconstitutional under the Due Process and Commerce Clauses, as well as the First Amendment, of the U.S. Constitution. Defendants filed a motion to dismiss the federal complaint on May 16, 2014. On October 31, 2014, AIG and NYDFS entered into a Consent Order, whereby AIG agreed to pay $35 million and dismiss the federal lawsuit in exchange for NYDFS’s agreement to discontinue its inquiry. | 285 | 10K |
fr_axa-AR_2001 | 5,090 | • net of amounts allocated for policyholders and minority interests of €2,897 million and €4,233 million, respectively. | 17 | annual_report |
5104 | 1,240 | See our preceding discussion in this Capital Resources and Liquidity section of MD&A regarding the 364-day uncommitted bilateral line of credit entered into by the Parent Company and Aflac in October 2015 in the amount of $100 million; the five-year senior unsecured revolving credit facility agreement entered into by the Parent Company and Aflac in September 2015 in the amount of 55 billion yen; and the $50 million uncommitted bilateral line of credit entered into by the Parent Company and Aflac in February 2015. As of December 31, 2015, no borrowings were outstanding under these lines of credit. | 98 | 10K |
3835 | 907 | The financial information presented has been revised to reflect the impact of the restatement of the Company’s consolidated statement of cash flows for the year ended December 31, 2007, more fully described in Note 2 - “Summary of Significant Accounting Policies” in the Notes to Consolidated Financial Statements. | 48 | 10K |
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