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AegonNV-AR_2009
1,344
Mr. Storm is also Chairman of the Supervisory Board of KLM Royal Dutch Airlines N.V.,
15
annual_report
TopdanmarkAS-AR_2019
130
Investment activities Topdanmark Group excl. life insurance The investment return of the Topdanmark Group excluding life insurance was DKK 794m in 2019 (2018: DKK 102m) while return on non-life insurance provisions represented a loss of DKK 616m in 2019 (2018: loss of DKK 86m).
44
annual_report
5362
1,964
Cash flows from investing activities consist primarily of proceeds from the sales and maturities of investments and payments for investments acquired. Net cash used in investing activities was $378.9 million for the year ended December 31, 2017 compared to $439.2 million for the same period in 2016. The Company continu...
127
10K
SwissLifeHoldingAG-AR_2019
1,173
The Works Council performs its duties through various committees in accordance with the local Works Constitution Act. To meet local requirements, various constructive works agreements have been concluded with management.
30
annual_report
HelvetiaHoldingAG-AR_2011
1,262
The table below shows an aggregated balance sheet and income statement for the investments that are accounted for under the equity method.
22
annual_report
2843
556
Early asbestos claims focused on manufacturers and distributors of asbestos-containing products. Thus, the claims at issue largely arose out of the products hazard and typically fell within the policies’ aggregate limits of liability. Increasingly, policyholders have been asserting that their asbestos claims are not su...
191
10K
3
922
after December 15, 1992. Since the Company currently pays no such
11
10K
fr_axa-AR_2001
3,727
or more of total shareholders’ equity at December 31, 2001 and 2000.
12
annual_report
PosteItalianeSpA-AR_2016
4,504
Tax collection and road tax – 153 153 – 106 106
11
annual_report
nl_ing_grp-AR_2014
891
Underlying income excluding CVA/DVA impacts declined by 1.8 percent compared with 2013, mainly in the runoff businesses and Financial Markets, but was higher in Industry Lending supported by the strong performance in Structured Finance. Operating expenses increased 1.8 percent to EUR 2,430 million in 2014, mainly due t...
117
annual_report
2057
679
COL. A COL. B COL. C COL. D COL. E COL. F ------ ------ ------ ------ ------ ------ PERCENTAGE CEDED TO ASSUMED OF AMOUNT GROSS OTHER FROM OTHER NET ASSUMED AMOUNT COMPANIES COMPANIES AMOUNT TO NET ------------ ------------ ----------- ----------- ------ Year Ended December 31, 2002: Life insurance in force...............
60
10K
AvivaPLC-AR_2018
612
Principal risk types The types of risk to which the Group is exposed, described in the table below, have not changed significantly over the year. All of the risks below, and in particular operational risks, may have an adverse impact on our brand and reputation.
45
annual_report
4540
1,954
conformity with the provisions thereof. The accompanying consolidating financial information for the parent company, the issuers of the senior notes and term debt, the issuers of the Senior Discount Notes, the subsidiary guarantors, the non-guarantor subsidiaries, certain eliminations and consolidated Company as of Jun...
61
10K
3961
1,918
The following table summarizes White Mountains Re’s premium estimates and related commissions and expenses:
14
10K
de_allianz-AR_2007
2,278
As of December 31, 2007, the carrying amount of financial liabilities designated at fair value through income was � 63 mn lower (2006: � 14 mn lower) than the contractually required payment at maturity. The amount of the change in fair value attributable to changes in credit risk for the year ended December 31, 2007 wa...
72
annual_report
AegonNV-AR_2012
3,592
At December 31, 2012, there were four violations of the Credit Name Limit Policy at Group level, three received exemptions from
21
annual_report
5494
724
As of December 31, 2016, MBIA Insurance Corporation’s policyholders’ surplus was negatively impacted by $112 million, as it was not permitted to treat the portion of its investment in subsidiaries in excess of 60% of net admitted assets less the par value of common and preferred stock and liabilities as an admitted ass...
57
10K
AvivaPLC-AR_2003
826
The Aviva Long Term Incentive Plan was approved by shareholders at the 2001 Annual General Meeting. Awards under the plan are made on an annual basis and the 2003 award was made in March. Awards are subject to the attainment of performance conditions over a three-year performance period as described on pages 48 and 49....
173
annual_report
StorebrandASA-AR_2013
1,778
In the Swedish activities (SPP) there are no contracts with an annual interest rate guarantee. However, there are insurance contracts with a terminal value guarantee. These contracts are discounted by a market-based interest rate. If the associated customer assets have a higher value than the recognised value of these ...
60
annual_report
2192
738
Determination of Fair Values of Financial Instruments: Fair values for cash, short-term investments, short-term debt, receivables and payables approximate their carrying value. Fair values for investment securities and long-term debt are based on quoted market prices, if available. If quoted prices are not available, f...
88
10K
272
493
On November 30, 1995, an Agreement and Plan of Merger (the "Merger Agreement") was executed by and between the Company and Condor Services, Inc. ("Condor"), an unaffiliated insurance holding company which provides property and casualty insurance coverages and services in California and Arizona. Special meetings of the ...
74
10K
NatixisSA-AR_2019
9,789
Receivables due from customers represented €138,055 million at December 31, 2019. Individual impairment losses amounted to €991 million at
19
annual_report
2791
462
Premiums earned in 2005 and 2004 increased 13.3% and 14.5%, respectively, over the corresponding prior year amounts. The growth in premiums earned in 2005 for voluntary auto was 13.3% and reflects a 12.4% increase in policies-in-force during the past year. During the third quarter of 2004, GEICO began selling auto insu...
94
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014
2,917
The final number of PSUs is calculated by multiplying the number of PSUs at plan commencement by the percentage achievement of the performance target at plan termination. The number of PSUs may fluctuate between 0 and 1.5 times the initially allocated number. Payment is capped if the TSR doubles. The maximum amount pay...
57
annual_report
NatixisSA-AR_2009
8,469
Chairman of the Institut de Formation des Animateurs de Collectivités (IFAC) National et du Val d’Oise (1901 associations law)
19
annual_report
AegonNV-AR_2001
1,098
Interest rate cap and floor agreements are contracts with a counterparty which require the payment of a premium for the right to receive payments for the difference between the cap and floor interest rate and a market interest rate on specified future dates based on an underlying principle balance (notional amount) to ...
82
annual_report
NatwestGroupPLC-AR_2016
1,279
Ulster Bank. This second phase of work involves a review of Ulster Bank Ireland DAC’s 2001-2015 mortgage loan book in line with the Central Bank of Ireland ‘Framework for Conducting the Tracker Mortgage
33
annual_report
TrygAS-AR_2015
952
In our opinion, the accounting policies applied are appropriate, and the annual report gives a true and fair view of the Group’s and the parent company’s assets, liabilities and financial position at 31
33
annual_report
3568
2,161
The valuation of AIG’s investment portfolio involves obtaining a fair value for each security. The source for the fair value is generally from market exchanges or dealer quotations, with the exception of nontraded securities.
34
10K
TrygAS-AR_2015
469
and a significantly lower level of run-off compared to Q4 2014. Premium growth was negative by 2.1% (1.5%). The expense level was very low at 9.7 (10.6), reflecting a strong cost focus.
32
annual_report
2142
3,437
Discount rate 6.25 % 6.75 % 7.25 % 6.25 % 6.75 % 7.25 %
14
10K
4435
948
We have audited American National Insurance Company’s (the Company) internal control over financial reporting as of December 31, 2011, based on criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). The Company’s management ...
99
10K
1709
567
Other factors not currently anticipated by management may also materially and adversely affect NCRIC's results of operations.
17
10K
4506
502
The table below summarizes the estimated pretax impact on our results of operations from various hypothetical revisions to our assumptions. We have assumed that revisions to such assumptions would occur in each policy type, age and duration within each policy group. Although such hypothetical revisions are not currentl...
75
10K
Sampoplc-AR_2012
2,034
IT software and other intangible assets, whether procured externally or internally generated, are recognised in the balance sheet as intangible assets with finite useful lives, if it is probable that the expected future economic benefits that are attributable to the assets will flow to the Group and the cost of the ass...
125
annual_report
2826
1,597
In a credit derivative we sell credit protection on an identified name, or a basket of names in a first to default structure, and in return receive a quarterly premium. With single name credit default derivatives, this premium or credit spread generally corresponds to the difference between the yield on the referenced ...
166
10K
ASRNederlandNV-AR_2014
1,512
Share of profit/(loss) of associates and joint ventures - 14 - - 14
13
annual_report
Sampoplc-AR_2011
1,629
The Board of Directors of Sampo plc accepted the financial statements for issue on 9 February 2012.
17
annual_report
3996
886
Pricing services use a variety of observable inputs to estimate the fair value of fixed maturities that do not trade on a daily basis. These inputs include, but are not limited to, recent reported trades, benchmark yields, issuer spreads, bids or offers, reference data and measures of volatility. Included in the pricin...
126
10K
3641
815
The NAIC prescribes an annual calculation regarding risk based capital (“RBC”). RBC ratios for regulatory purposes, as described in the glossary, are expressed as a percentage of the capital required to be above the Authorized Control Level (the “Regulatory Scale”); however, in the insurance industry RBC ratios are wid...
116
10K
969
385
Concurrent with the issuance of the 5% Preferred Securities, the Company purchased from the Iowa Farm Bureau Federation the Company's Series A preferred stock at its liquidation value of $100.0 million. In addition, the Company issued 5,000,000 shares of Series B preferred stock to the Iowa Farm Bureau Federation for $...
157
10K
LloydsBankingGroupPLC-AR_2000
1,074
In December 2000 the Group announced that it had agreed to form a joint venture between Goldfish, Centrica’s financial services brand, and evolvebank.com, Lloyds TSB’s standalone internet banking operation. Although the amounts are not yet determined, the Group is committed to invest capital into the venture equivalent...
75
annual_report
NatwestGroupPLC-AR_2013
6,094
Standstill - is an agreement, usually for a specified period of time, not to enforce the Bank’s rights as a result of a customer breaching the terms and conditions of their facilities. This is a concession to the customer. A standstill is most commonly used in a complex restructuring of a company’s debts, where a group...
83
annual_report
BaloiseHoldingLtd-AR_2016
415
The collaboration with the Emilie Leus foundation in Belgium illustrates how employees are thinking beyond the traditional parameters of insurance� The foundation was established to combat drink driving across Belgium as part of a broadranging campaign� Baloise is contributing to this project at various levels, from pr...
96
annual_report
NatixisSA-AR_2017
9,847
Generally, honoring obligations a related to stock option programs or other share allocations to employees or directors of the issuer or a related company
24
annual_report
HannoverRueckSE-AR_2013
2,631
Due after five through ten years 3,084,720 190,742 2,893,978 634,063 51,381 582,682
12
annual_report
5021
1,435
Guaranteed minimum income benefit contracts. As discussed in Note 7, the Company effectively exited the GMIB business in 2013. Although these GMIB assets and liabilities must continue to be reported as derivatives at fair value, the only assumption that is expected to impact future shareholders' net income is the risk ...
106
10K
ScorSE-AR_2011
1,777
Committee; and - 50% on the basis of the achievement of financial objectives, defined annually at the beginning of each year by the Board of Directors on the recommendation of the Compensation and Nomination
34
annual_report
PosteItalianeSpA-AR_2019
1,069
�Weight of electricity consumption relating to real estate facilities by type of business
13
annual_report
5073
625
The holding company had $27.1 million of cash and cash equivalents and fixed maturity securities maturing within the next 24 months at December 31, 2015. Total cash and investments at the holding company was $95.2 million at December 31, 2015. We believe that the liquidity needs of the holding company over the next 24 ...
67
10K
5688
16,080
Components of the net operating loss carryforwards as of December 31, 2019
12
10K
3419
1,390
Assessments levied against the Company were less than $1 million for each of the years ended December 31, 2007, 2006 and 2005.
22
10K
gb_prudential-AR_2011
4,608
aren t co m p an y 10 Share capital and share premium
13
annual_report
5589
1,403
Share-based compensation plans are accounted for in accordance with the Accounting Standards Codification ("ASC") Topic 718 "Compensation - Stock Compensation" Sirius Group recognizes the compensation expense for stock restricted share and performance share awards based on the fair value of the award on the date of gra...
89
10K
INGGroepNV-AR_2007
435
Key points > Asia/Pacifi c region continues to be a high-growth market > Present in the right markets to secure profi table long-term growth > Accounts for almost half of the Group’s total value of new business > Further strengthening of bank distribution
43
annual_report
4279
1,159
The distribution of payments for future policy benefits is an estimate of all future benefit payments for policies in force as of December 31, 2010. These projected values contain assumptions for future policy persistency, mortality and morbidity. The distribution of payments for unpaid policy claims includes assumptio...
117
10K
5957
932
Allowance for Credit Losses - Fixed Maturity and Structured Investments - Each quarter the Company reviews investments with unrealized losses to determine whether such impairments are the result of credit losses. The Company analyzes various factors to make such determination including, but are not limited to: 1) actio...
134
10K
RaiffeisenBankInternationalAG-AR_2018
1,344
In accordance with the Basel III framework, specific legal regulations have to be considered. The proportion of common equity tier 1 capital to total risk-weighted assets (common equity tier 1 ratio) is for example an important indicator of whether the underlying capital is adequate for the business volume. Industry se...
79
annual_report
2767
780
Foreign currency exchange rate fluctuations create variances in our financial statement line items but have not had a material impact on our consolidated income from continuing operations. Our consolidated income from continuing operations was positively impacted $7.1 million and $1.7 million for the years ended Decemb...
89
10K
BaloiseHoldingLtd-AR_2014
3,066
Payments under share-based payment plans 4.6 4.2 28,720 shares worth CHF 3.1 million were repurchased from members of the Corporate Executive Committee in 2014 (2013: CHF 4.4 million) under the Employee Share Ownership Plan (section 18.4.3).
36
annual_report
4408
2,269
The Company recognized pre-tax losses of $7 million in 2011, compared with pre-tax gains of $7 million in 2010 and $13 million in 2009 on hybrid securities.
27
10K
3734
11,472
Minimum rental commitments under noncancelable capital and operating leases with an initial or remaining term of more than one year as of December 31, 2008 are as follows:
28
10K
1197
794
Impaired mortgage loans along with the related allowance for losses are as follows:
13
10K
gb_prudential-AR_2006
1,709
Inconsistent application of these directives by regulators in different EU member states may place Prudential at a competitive disadvantage to other European financial services groups.
25
annual_report
5920
2,018
We have made significant direct investments in funds (the "Hillhouse Funds") managed by Hillhouse Capital Management, Ltd. and Hillhouse Capital Advisors, Ltd. (together, "Hillhouse Capital") and AnglePoint Asset Management Ltd., an affiliate of Hillhouse Capital ("AnglePoint"). As of December 31, 2020, the carrying va...
241
10K
AvivaPLC-AR_2016
6,440
Spain Aviva Vida y Pensiones, SA de seguros y reaseguros Caja Espana Vida, Compania de Seguros y Reaseguros (50%) Caja Granada Vida, de Seguros y Reaseguros, S.A. (25%) Unicorp Vida, Compania de Seguros y Reaseguros (50%) Caja Murcia Vida y Pensiones, de Seguros y Reaseguros S.A. (50%)
47
annual_report
5186
638
In addition, the increase in income before income taxes in 2014 reflects higher premiums and increases in both investment related gains and other revenues. The increase in other revenues in 2014 is primarily due to fee income on financial reinsurance transactions in addition to recapture fees and reinstatement fees rec...
77
10K
5410
1,436
The Company leases certain land, building and equipment under various operating lease commitments. The total amount of the minimum rent is expensed on a straight-line basis over the term of the lease. Rental expenses and sub-lease rental income for operating leases are recorded as part of other operating expenses in th...
115
10K
5517
1,112
The 53.9 percent ratio for current accident year loss and loss expenses before catastrophe losses for 2018 improved by 0.1 percentage point compared with the 54.0 percent accident year 2017 ratio measured as of December 31, 2017. The improvement was partially offset by a 0.3 percentage-point increase in the ratio for c...
67
10K
HannoverRueckSE-AR_2009
2,223
The incidental costs, the final amount of which was definitely established in the fourth quarter of 2009, amounted to EUR 6.2 million. Where there is negative goodwill, these incidental costs shall be deducted from the negative goodwill recognised in income, as a consequence of which the transaction produced a one-time...
75
annual_report
4927
1,714
In our proportional reinsurance programs, we generally receive a commission on the premium ceded to reinsurers. This “ceding commission” compensates our insurance companies for the direct costs associated with production of the business, the servicing of the business during the term of the policies ceded, and the costs...
236
10K
2281
778
•Reviewing compensation arrangements with clients to improve the profitability of the valuable services we deliver
15
10K
4877
1,676
Current year non-catastrophe losses increased as a result of the growth of the reinsurance operations in 2013 compared to 2012, partially offset by lower net increases in reported loss activity in 2013 compared to 2012. The same lower net increase in reported loss activity contributed to the decrease in the current yea...
281
10K
5598
1,482
A swaption is an option to enter into an interest rate swap at a future date. We have purchased swaptions to offset or modify existing exposures. Swaptions provide us the benefit of the agreed-upon strike rate if the market rates for liabilities are higher, with the flexibility to enter into the current market rate swa...
82
10K
nl_ing_grp-AR_2014
691
On the same page, it lists a number of clear improvements that have come from this feedback, such as making mobile payments available to all accounts and including a comparative table of its credit cards.
35
annual_report
NatixisSA-AR_2015
2,545
11 Fair value reserves related to gains or losses on cash fl ow hedges 289 33 (a) 0 12 Negative amounts resulting from the calculation of expected loss amounts (76) 36 (1) (d), 40, 159, 472 (6) 0 13 Any increase in equity that results from securitized assets (negative amount) 0 32 (1) 0 14 Gains or losses on liabilitie...
114
annual_report
2026
1,412
For the years ended December 31, 2002, 2001, and 2000, respectively, real estate of $12.0 million, $18.0 million, and $0.5 million was acquired in satisfaction of debt. At December 31, 2002 and 2001, the Company owned real estate acquired in satisfaction of debt of $24.0 million and $44.3 million, respectively. Other n...
96
10K
4120
1,742
The following discussion should be read in conjunction with HealthMarkets’ consolidated financial statements and the related notes included elsewhere in this Form 10-K. This discussion contains certain statements which may be considered forward-looking. Actual results and the timing of events may differ significantly f...
74
10K
PowszechnyZakladUbezpieczenSA-AR_2019
339
The changes to the regulations not only impose new obligations on taxpayers but also provide for certain simplifications. These include removal, as of 2020, of the obligation submit separately VAT tax returns in the current form and the existing JPK_VAT report.
41
annual_report
5930
706
ability to underwrite is largely dependent upon the quality of our claims paying and financial strength ratings as evaluated by independent rating agencies. In particular, we require (1) sufficient capital to maintain our financial strength ratings, as issued by several ratings agencies, at a level considered necessary...
116
10K
5293
885
The increase in net premiums in 2015 from 2014 was largely due to the factors discussed above in the comparison of 2016 to 2015. In addition, the weaker Canadian dollar caused lower direct premium growth and a higher run-off of the Canadian business subject to the IPO coinsurance transactions, which negatively impacted...
70
10K
AegonNV-AR_2007
2,796
AEGON regularly monitors industry sectors and individual debt securities for evidence of impairment. This evidence may include one or more of the following: 1) deteriorating market to book ratio, 2) increasing industry risk factors, 3) deteriorating financial condition of the issuer, 4) covenant violations, 5) high pro...
137
annual_report
BaloiseHoldingLtd-AR_2005
1,879
if an internally used property becomes an investment property as a result of a change in use, the difference between the carrying value and the fair market value at the time of the change is recognized directly to equity (in unrealized gains and losses) if a gain, or to income for the period if a loss. if a reclassifie...
75
annual_report
5442
642
For the year ended December 31, 2017, total investment holdings increased to $197.9 million from $194.9 million as of December 31, 2016. This increase resulted from net purchases of fixed income securities and equities, positive changes in the market values of fixed income securities and equities and increases in Atlas...
68
10K
StandardLifeAberdeenPLC-AR_2014
432
• Standard Life Investments focuses on delivering excellent investment performance across a broad investment spectrum operating through a variety of distribution channels and geographic locations. This helps ensure strong customer demand for our propositions.
34
annual_report
DirectLineInsuranceGroupPLC-AR_2015
1,404
Each Executive Director has confirmed that they have not received any other items in the nature of remuneration, other than those already disclosed in the single figure table.
28
annual_report
de_allianz-AR_2007
628
Claims and insurance benefits incurred (net) (17,637) (17,625) (17,439) Changes in reserves for insurance and investment contracts (net) (10,268) (10,525) (10,443)
21
annual_report
SwissReAG-AR_2012
2,479
Fair value hedging relationships Interest rate contracts 406 –398 –26 33 Foreign exchange contracts –69 74 –24 11 Total gain/loss recognised in income 337 –324 –50 44
27
annual_report
2332
674
During 2003, our General Liability line of business, specifically Products/Completed Operations business, demonstrated significant prior year development. The estimates for prior year losses increased by $17.9 million, with $14.0 million in accident years 2000 and prior. The General Liability line of business is inhere...
52
10K
4404
4,534
We perform continuous reviews of the prices obtained from the pricing services. This includes evaluating the methodology and inputs used by the pricing service to ensure that we determine the proper level classification of the financial instrument. Price variances, including large periodic changes, are investigated and...
110
10K
4732
1,069
We are required to test at least annually for impairment at a level of reporting referred to as the reporting unit, and more frequently if adverse events or changes in circumstances indicate that the asset may be impaired. A reporting unit either is our operating segments or one level below the operating segments, refe...
165
10K
DirectLineInsuranceGroupPLC-AR_2020
1,020
The Group will continue its robust approach towards the management of physical risk and intends examining in more depth inbound and outbound impacts in order to be able to better describe transition and liability risks. The ambition is for risk management processes to support the Group in conducting detailed analysis o...
63
annual_report
5565
696
See Note 4 of the notes to the consolidated financial statements in Item 8 of Part II of this report for an analysis of total investment return on a pre-tax basis for the years ended December 31, 2018, 2017, and 2016.
41
10K
PosteItalianeSpA-AR_2015
6,461
Credit risk refers to counterparty, credit and concentration risks, as explained below.
12
annual_report
PosteItalianeSpA-AR_2015
4,916
Financial assets attributable to BancoPosta 32,148 666 111 32,925 28,602 254 - 28,856
13
annual_report
Sampoplc-AR_2005
2,427
As a result of ongoing process development and efficiency improvements, If, as the first company in Latvia, was able to introduce time guarantees for claims
25
annual_report
3644
690
Limited partnerships - Limited partnerships include U.S. and foreign private equity, real estate and mezzanine debt investments. The private equity limited partnerships invest primarily in small- to medium-sized companies. Limited partnerships are recorded using the equity method. The general partners for our limited p...
86
10K
4824
853
The fair value of our Level 3 private placement securities is determined by management relying on pricing received from our independent pricing services and brokers consistent with the process to estimate fair value for Level 2
36
10K
2904
2,701
The fair value of each stock option on the date of grant was estimated using the Black-Scholes option-pricing model with the following weighted average assumptions for years 2005, 2004 and 2003:
31
10K
5152
1,125
Based upon the additional claims closed during 2015, 2014 and 2013, as shown above, and better than expected severity trends, management reduced its expected ultimate losses in each of these years resulting in the recognition of corresponding amounts of favorable development in the income statements of those periods. A...
130
10K