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4370
3,689
AIG uses foreign currency denominated debt as hedging instruments in net investment hedge relationships to mitigate the foreign exchange risk associated with AIG's non-U.S. dollar functional currency foreign subsidiaries. AIG assesses the hedge effectiveness and measures the amount of ineffectiveness for these hedge re...
173
10K
gb_prudential-AR_2016
735
Effect of implementation of Solvency II at 1 January 2016 (473)
11
annual_report
5958
4,179
Accumulated amortization on intangible assets was $751 million and $633 million as of December 31, 2020 and 2019, respectively. Trade names and licenses are considered to have an indefinite useful life and are reviewed for impairment at least annually or more frequent if circumstances arise that indicate an impairment ...
68
10K
2038
465
Legislation Affecting Drug Prices. Some states have adopted so-called "most favored nation" legislation providing that a pharmacy participating in the state Medicaid program must give the state the best price that the pharmacy makes available to any third-party plan. Such legislation may adversely affect our ability to...
82
10K
107
299
Inflation is one of the factors that has increased the need for insurance. Many policyholders who once had adequate insurance programs at lower coverage levels have increased their disability insurance coverage to provide the same relative financial benefits and protection.
40
10K
3073
261
In an effort to maximize the value of our shares, we have been looking at ways to expand our business, including possibly entering into other lines of insurance business. During 2003 we provided reinsurance of attorneys’ professional liability policies provided by Professional Direct Insurance Company. That activity wa...
116
10K
3615
1,434
The net effect of the change in value of the embedded derivatives, net of the results of the hedging program for the years ended December 31, 2007 and 2006, was a loss of $277 (primarily reflecting modeling refinements, assumption changes and reflecting newly reliable market inputs for volatility made by the Company in...
117
10K
5415
15,182
agreements. Four other plaintiffs have voluntarily dismissed their claims leaving 410 plaintiffs in this litigation.
15
10K
4091
910
Prior to the fourth quarter of 2009, the Company held Class B shares of Insurance Services Office Inc. (now known as Verisk Analytics, Inc. (“Verisk”) following its Initial Public Offering on October 7, 2009). The Company was reporting this investment as a Level 3 fair value measurement at the fair value obtained from ...
127
10K
1092
536
At December 31, 1998 and 1997, fixed maturities included a note receivable from GE Capital with a balance of $175. This note bears interest at 6.625% and matures in August 2003.
31
10K
1889
709
Investments held as statutory deposits and pledged as collateral do not have an adverse effect on our liquidity. We believe that cash flow generated by our operations and our cash and investment balances will be sufficient to fund continuing operations, principal and interest payments and capital expenditures for the n...
52
10K
4690
521
At December 31, 2013 and 2012, the Company recorded $8,776,000 and $9,097,000, respectively, as an asset for DAC in the financial statements. We do not foresee any issues related to recoverability of these capitalized costs. For more information regarding deferred policy acquisition costs, see Note 1 to our consolidate...
51
10K
AegonNV-AR_2008
2,909
neT inCOMe / (LOss) ATTRibUTAbLe TO eqUiTy HOLDeRs OF AeGOn n.V. 1,553 1,420 232 36 (64) (8) 3,169
18
annual_report
5258
1,039
Pending, new and closed claims for Allstate Protection are summarized in the following table for the years ended December 31. The increase in pending claims as of December 31, 2016 compared to December 31, 2015 was primarily due to higher auto counts. The increase in pending claims as of December 31, 2015 compared to D...
63
10K
3268
3,323
The weighted average grant-date fair value of PSP grants for years ended December 31, 2006, 2005 and 2004 was $18.48, $14.39 and $11.31, respectively. The total fair market value of PSP grants that vested during each of the years ended December 31, 2006, 2005 and 2004 was $862,000, $1,581,000 and $914,000, respectively...
52
10K
gb_lloyds_banking_grp-AR_2016
3,255
Longevity and persistency are key risks within the life and pensions business. Longevity risk arises from the annuity portfolios where policyholders’ future cashflows are guaranteed at retirement and increases in life expectancy, beyond current assumptions, will increase the cost of annuities. Longevity risk exposures ...
79
annual_report
HannoverRueckSE-AR_2014
2,532
Gross book value at 31 December of the previous year 196,689 184,725
12
annual_report
2188
1,208
2003 to 2002 Annual Comparison. The total cash value of surrenders increased $130 million in 2003 from 2002. The level of surrenders as a percentage of mean future policy benefit reserves increased to 2.9% in 2003 from 2.6% in 2002. The increase reflects the surrender of a few large cash value policies during 2003.
54
10K
gb_lloyds_banking_grp-AR_2003
425
Total assets (year-end) £90,272m £79,629m £71,707m Total risk-weighted assets (year-end) £53,846m £48,313m £42,390m 2003 compared with 2002
17
annual_report
4507
1,020
fee and commission income received from third party insurers for premium produced for them by our underwriting agencies,
18
10K
4098
4,130
In May 2007, the Holding Company, in connection with the collateral financing arrangement associated with MRSC’s reinsurance of universal life secondary guarantees, committed to the South Carolina Department of Insurance to take necessary action to cause MRSC to maintain total adjusted capital equal to the greater of $...
81
10K
2549
515
The Group has introduced into production, for certain lines of business, an internally developed software application for issuing and maintaining insurance policies named P.A.R.I.S.(sm), a policy administration, rating and issuance system. During 2004 and 2003, the Group capitalized application development costs associ...
161
10K
NatixisSA-AR_2013
1,243
R MEMBERS OF THE EXECUTIVE COMMITTEE (COMEX) AT MARCH 1, 2014
11
annual_report
gb_prudential-AR_2013
543
New business pro�t £7m £223m £257m £108m £231m £29m £274m £39m £267m £30m £230m £365m £260m £313m £297m
18
annual_report
3025
1,090
Amendment No. 1 dated January 3, 2005 to Agreement and Plan of Merger dated August 9, 2004 by and among MIM Corporation, Chronimed Acquisition Corp. and Chronimed Inc
28
10K
NatixisSA-AR_2016
10,562
No cancellation a share capital per of over 10% of with PSR* securities*
13
annual_report
NatwestGroupPLC-AR_2013
2,998
• UK exposure increased to 56% of CRA (2012 - 51%) because of a £16.2 billion rise in exposure to the Bank of England. This was offset predominantly by falls in Non-Core property (£7.5 billion) and Core personal and banking sectors, which fell £4.3 billion in total. Excluding sovereigns, UK Core exposure fell by 3%).
55
annual_report
2762
824
The Company writes covered call options through listed exchanges and over-the-counter. When the Company writes an option, an amount equal to the premium received by the Company is recorded as a liability and is subsequently adjusted to the current fair value of the option written. Premiums received from writing options...
125
10K
AvivaPLC-AR_2009
4,670
Internet sites Aviva owns various internet sites, most of which interlink with each other: Aviva Group www.aviva.com UK Long-term savings and general insurance www.aviva.co.uk Asset management www.avivainvestors.com Aviva worldwide internet sites www.aviva.com/websites
32
annual_report
PhoenixGroupHoldingsPLC-AR_2009
1,572
40. Cash flows (continued) 40.3 Trust account The trust account was held at Goldman Sachs, International, London branch and consisted of the net proceeds of the IPO, the proceeds of the sale of the Founders’ units sold to the Founders prior to the consummation of the IPO, the proceeds of the sale of the Sponsors’ warra...
194
annual_report
1401
368
Gross premiums earned before renewal credits increased $2.5 million, or 15%, to $18.8 million
14
10K
ASRNederlandNV-AR_2019
3,809
Historical comparison a.s.r. introduced the operating result in 2015 prior to the IPO. The operating result has since been the KPI for managing the profitability of the business. The five-year comparison of the IFRS result and the operating result shows that so far, although the IFRS profit for the year is more prone t...
77
annual_report
1225
683
Sources of the Company's consolidated net investment income are as follows (in 000s):
13
10K
LloydsBankingGroupPLC-AR_2013
1,985
Fundamental to the Board’s strategy are high standards of corporate governance designed to ensure rigour in Board discussions and decision making. Sir Winfried Bischoff Chairman, nomination & Governance Committee www.lloydsbankinggroup.com
30
annual_report
3661
2,249
Set forth in the table below is a summary of the claims liability development experience (favorable) unfavorable by business unit in the Company’s Insurance segment for each of the years ended December 31, 2008, 2007 and 2006:
37
10K
4202
1,404
Amounts are reported in “Net realized investment gains” for ABS, AFS and CMBS, AFS and in “Loss on disposal of discontinued operations, net of tax” for the receivable for proceeds related to sale of Selective HR on the Consolidated Statements of Income.
42
10K
5480
628
A loss portfolio transfer is a retroactive reinsurance contract. If the cumulative claim and allocated claim adjustment expenses ceded under a loss portfolio transfer exceed the consideration paid, the resulting gain from such excess is deferred and amortized into earnings in future periods in proportion to actual reco...
101
10K
4145
2,192
amends previous guidance to require enhanced disclosures that will provide users of financial statements with more transparent information about an enterprise’s involvement with a variable interest entity. The enhanced disclosures are required for any enterprise that holds a variable interest in a variable interest ent...
104
10K
5559
1,534
Asset accumulation vehicles primarily require a fixed rate payment, often for a specified period of time, and fixed rate annuities contain surrender values that are based on a market value adjusted formula if held for shorter periods. As of December 31, 2018 (Successor Company) and 2017 (Predecessor Company), the Compa...
77
10K
gb_prudential-AR_2017
7,082
Record date 3 April 2018 3 April 2018 3 April 2018
11
annual_report
ch_zurich_insurance_group-AR_2008
902
1% increase in the interest rate yield curves Group Investments (1,853) (2,412) Net income before tax (1) – Net assets (1,501) (1,816)
22
annual_report
StandardLifeAberdeenPLC-AR_2009
139
The UK Retail Price Index, a key tool in determining annual salary rises, fell significantly towards the end of 2008 and spent most of 2009 in negative territory. This had an industry-wide adverse impact on increments into existing schemes such as group pensions.
43
annual_report
4405
2,232
•a decline in the market value of a security by 20% or more below amortized cost for a continuous period of at least six months;
25
10K
3631
744
Operating expense growth is typically influenced by business growth as evidenced by premium and administrative fee growth. Premium and administrative fee growth for 2008 was 2.8% compared to 2007, and for 2007 was 9.0% compared to 2006. See “Business Segments-Insurance Services Segment and Asset Management Segment.”
46
10K
3904
945
The liability for death and income benefit guarantees is equal to a benefit ratio multiplied by the cumulative contract charges earned, plus accrued interest less contract benefit payments. The benefit ratio is calculated as the estimated present value of all expected contract benefits divided by the present value of a...
129
10K
NatixisSA-AR_2005
2,253
The corridor method is not used for other long-term employee benefits such as long service awards.
16
annual_report
TrygAS-AR_2010
1,977
Quoted price/net asset value 3.0 2.6 2.6 2.3 1.8 a) There has been no dilution of earnings or equity in the period 2006-2008
23
annual_report
INGGroepNV-AR_2020
1,004
The result before tax from Daily Banking and Trade Finance fell to €246 million from €476 million in 2019. This decline was due to lower income and higher expenses, partly offset by lower risk costs as the previous year included a sizeable provision for an external fraud case. The decline in income mainly reflects lowe...
69
annual_report
fr_axa-AR_2009
8,751
Adjustment due to the sale of the Netherlands activities - - (4) - - - - (1) - -
19
annual_report
PowszechnyZakladUbezpieczenSA-AR_2013
28
PZU in recent years will help us achieve our business objectives.
11
annual_report
NNGroupNV-AR_2013
2,752
Pension Fund are terminated;  ING paid EUR 549 million (before tax) to the Dutch ING Pension Fund for the removal of these obligations; and  ING will reduce the employees’ own contribution to the pension premium under the new defined contribution plan by approximately EUR 80 million over a 6 year period.
53
annual_report
4557
1,445
The U.S. life insurance industry is regulated primarily at the state level, with some products and services also subject to Federal regulation. As life insurers introduce new and often more complex products, regulators refine capital requirements and introduce new reserving standards for the life insurance industry. Re...
142
10K
5117
687
The following table provides a summary of our clean coal plant investments as of December 31, 2015 (in millions):
19
10K
4045
989
Our insurance and reinsurance subsidiaries, Majestic and Twin Bridges, require cash and liquid investments to pay claims and expenses, but the amount of capital in our insurance and reinsurance subsidiaries influences how much premium we can write.
37
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2011
852
Adjusted solvency 31.12.2011 Prev. year change % eligible capital of the group €bn 22.8 22.2 2.7 adjusted solvency ratio % 245.3 260.5 consolidated cash flow statement 2011 Prev. year change €m €m % cash flows from operating activities 6,075 8,836 –31.2 cash flows from investing activities –3,525 –7,696 54.2 cash flows...
66
annual_report
2307
760
Mortgage loans, consisting of commercial, agricultural and residential loans, comprised 14.4% and 16.0% of the Company’s total invested assets at December 31, 2003 and 2002, respectively. As of December 31, 2003 and 2002, commercial mortgage loans comprised $1,434.7 million and $1,570.5 million, or 80.5% and 83.7%, of ...
96
10K
197
402
The Company owns its Corporate offices which provide approximately 25,000 square feet of office space, and additionally provides parking. Future expansion will be possible by converting the parking area into office space.
32
10K
4863
1,232
As of December 31, 2014, Greenlight Re and GRIL were each rated "A (Excellent)" with a stable outlook by A.M. Best. The ratings reflect A.M. Best’s opinion of our reinsurance subsidiaries’ financial strength, operating performance and ability to meet obligations and it is not an evaluation directed toward the protectio...
136
10K
4891
707
We believe that our balance sheet and strong cash flow provide us with the platform and flexibility to remain committed to our cash allocation strategy of:
26
10K
TrygAS-AR_2019
1,401
In case of changes to the benefits stemming from the employees’ employment with the Group so far, a change is seen in the actuarially calculated capital value which is considered as pension costs for previous financial years. The change is recognised in the results immediately. Net finance costs for the year are recogn...
73
annual_report
4901
1,189
Share-based compensation expense for all share-based payment awards granted or modified is based on the estimated grant-date fair value. The Company recognizes these compensation costs on a straight-line basis over the requisite service period of the award, which is the option vesting term of four or five years for opt...
95
10K
NatwestGroupPLC-AR_2012
6,528
The Group’s borrowing costs, its access to the debt capital markets and its liquidity depend significantly on its and the UK Government’s credit ratings The credit ratings of RBSG, the Royal Bank and other Group members have been subject to change and may change in the future, which could impact their cost of, access t...
299
annual_report
NatixisSA-AR_2020
3,805
(in millions of euros) On demand < = 1 year > 1 year
13
annual_report
5258
1,232
Invested assets and income are expected to decline in line with reductions in contractholder funds for the Allstate Financial segment. Additionally, investment income will decline as we continue to invest and reinvest investment proceeds at market yields that are below the current portfolio yield. We plan to focus on t...
52
10K
StandardLifeAberdeenPLC-AR_2013
2,246
Balance at 31 December 2013 comprises: Total reserve before with profit fund adjustment 67 - 373 39 (25) 3,108 53 241 (2,100) 1,756 Total with profit fund adjustment (42) - (220) - - - - - - (262)
38
annual_report
gb_prudential-AR_2013
4,472
In addition to the legal proceedings relating to Jackson mentioned under the legal provisions section in note C12, the Group is involved in other litigation and regulatory issues. Whilst the outcome of such litigation and regulatory issues cannot be predicted with certainty, the Company believes that their ultimate out...
67
annual_report
LloydsBankingGroupPLC-AR_2020
5,352
Reconciliation of underlying basis to statutory results The underlying basis is the basis on which financial information is presented to the chief operating decision maker which excludes certain items included in the statutory results. The table below reconciles the statutory results to the underlying basis.
45
annual_report
967
536
1998 1997 1996 - -------------------------------------------------------------------------------- Income from continuing operations $104.1 $66.3 $54.6 Dividends on preferred shares -- (1.1) -- ------------------------------------------- Income applicable to common stock 104.1 65.2 54.6 Convertible preferred stock -- 1....
109
10K
694
204
INSURANCE CLAIMS: The liabilities for insurance claims are determined using statistical analyses and represent estimates of the ultimate net cost of all reported and unreported claims that are unpaid at year end. Considerable variability is inherent in such estimates and actual results will likely differ from those est...
48
10K
5876
828
Service-based restricted stock awarded in the form of unvested shares is recorded at the market value of the Company’s common stock on the grant date and amortized ratably as compensation expense over the requisite service period. Service-based restricted stock awards generally vest over a three-year period and vest 30...
120
10K
gb_prudential-AR_2008
4,248
In general, as described in note 2a, the use of point of sale or end of period economic assumptions is not significant in determining the new business contribution for different types of business and across financial reporting periods. However, to obtain proper measurement of the new business contribution for business ...
197
annual_report
2202
1,016
• the consideration of other factors, including: any actions by rating agencies affecting the issuer, the period of time the fair value of a security has been at less than its cost, management’s expectations regarding the period of time required for a recovery of any current unrealized loss, and other relevant facts re...
55
10K
3549
1,355
Chile’s premiums, fees and other revenues increased primarily due to higher annuity sales, higher institutional premiums from its traditional and bank distribution channels, and the decrease in the prior year resulting from management’s decision not to match aggressive pricing in the marketplace.
42
10K
BaloiseHoldingLtd-AR_2007
4,159
Bertrange (Luxembourg) Other O 100.00 100.00 F EUR 0.1 8.8 –/–
11
annual_report
NatixisSA-AR_2008
10,668
(1) Amount offset against the ceiling decided in resolution No. 8 of said general meeting.
15
annual_report
AdmiralGroupPLC-AR_2017
2,825
Balance brought forward at 1 January 2016 – – – – – –
13
annual_report
AvivaPLC-AR_2009
3,196
Aviva plc Notes to the consolidated financial statements continued Annual Report and Accounts 2009 38 – Insurance liabilities continued Future policy benefit reserves for universal life insurance, deferred annuity products and funding agreements are computed under a retrospective deposit method and represent policy acc...
198
annual_report
5725
1,352
For the year ended December 31, 2018, the Tax Act changed the dividend received deduction amount applicable to insurance companies to a 70% company share and a 50% dividend received deduction for eligible dividends. The dividend received deduction reduces the amount of dividend income subject to tax and is a significan...
69
10K
3775
1,417
In accordance with SFAS No. 157, the Company has analyzed the third party pricing services' valuation methodologies and related inputs, and has also evaluated the various types of securities in its investment portfolio to determine an appropriate SFAS No. 157 fair value hierarchy level based upon trading activity and t...
145
10K
RSAInsuranceGroupPLC-AR_2020
3,045
During 2020 the dividends paid to the non-controlling interests in the Middle East were £13m (2019: £13m).
17
annual_report
2573
967
adopted as of March 31, 2004 and did not impact the Company’s consolidated financial position or results of operations.
19
10K
3807
903
We did not realize any significant gains or losses on sales of marketable securities during the years ended December 31, 2007 and 2008. During the year ended December 31, 2006, we did not sell any marketable securities.
37
10K
4222
742
Our financial results for the year ended December 31, 2007, include charges to our provision for claim losses totaling $217.2 million ($159.5 million net of income taxes) which we recorded as a result of adverse claim loss development on prior policy years.
42
10K
NatixisSA-AR_2016
2,455
Human Resources Department; contribute to employee training in conjunction with thej meaning of the Ministerial Order of November 3, 2014, at centralize the reporting of any anomalies within thej consolidation by the Natixis group and their communication subsidiary or business-line level, with a view to their to BPCE; ...
69
annual_report
4384
841
Twelve 2009 Era Clean Coal Production Plants - At December 31, 2011, we held non-controlling, minority interests in five limited liability companies that own twelve commercial clean coal production plants that were placed in service in 2009. These 2009 Era Plants are currently producing refined coal using Chem-Mod’s te...
216
10K
NatixisSA-AR_2018
5,053
Net gains or losses on financial instruments at fair value through profit or loss 7.3 1,764 2,784
17
annual_report
StorebrandASA-AR_2005
491
Halvor Stenstadvold (61), Executive Vice President, Orkla ASA, Master of Political Science, member of the Board’s Audit Committee
18
annual_report
5286
1,046
As of December 31, 2016, our direct and indirect exposure to securities in our investment portfolio that were guaranteed by third parties was immaterial both individually and in the aggregate.
30
10K
ScorSE-AR_2010
3,733
The extraordinary result of EUR (2.9) million was generated mainly by the following:  depreciation allowance on acquisition costs of Converium of EUR (2.5) million
25
annual_report
5560
744
OTTI losses in 2016 reflected $45.2 million of unrealized losses that were deemed to be other than temporary and, as such, were required to be charged against earnings. Of the $45.2 million of OTTI losses, $23.3 million related to equity securities, primarily in the retail, financial service, technology, chemical and e...
102
10K
SwissReAG-AR_1995
27
We thank our clients for the confidence they have placed in us. We also thank our employees at over 70 locations on all continents around the worldfor their motivated contribution to the realisation of our goals.
36
annual_report
3674
2,541
As discussed above, market conditions during 2008 negatively impacted the level of capital in our domestic life insurance subsidiaries. In order to address these impacts on our capital, we undertook various initiatives to redeploy certain assets to our insurance subsidiaries from our non-insurance subsidiaries of the C...
91
10K
4026
1,947
While there have been some indicators of stabilization, the U.S. and numerous other leading markets around the world continue to experience significant recessionary conditions. It is not clear that sustained economic recovery in the principal markets we serve is imminent, or that the pace of recovery, if any, would be ...
213
10K
ScorSE-AR_2019
4,428
• The budgetary control system for general expenses is organized and managed by the Group Cost Control and Budgeting Department.
20
annual_report
SwissReAG-AR_2015
529
The first area for strategic action is to systematically allocate capital to risk pools and revenue streams. capital allocation is at the core of our Group’s strategy. We allocate capital to risk pools and measure performance over time. Disciplined and agile capital allocation is the key to outperformance and the engin...
56
annual_report
5608
783
realized and unrealized gains/(losses) included in net investment income approximate the change in contract interest associated with the corresponding embedded derivative liability change). However, other aspects of the embedded derivatives can cause deviations to occur between the change in index option asset values i...
125
10K
5422
1,832
Likewise, amortization of intangible assets has been reclassified out of Insurance operating costs and other expenses on the Consolidated Statements of Operations into their own line item.
27
10K
3549
2,828
value of derivatives which have not been designated for hedge accounting can result in significant volatility in net income.
19
10K
2884
2,739
The amortized cost and fair value of fixed maturities by contractual maturity as of December 31, 2005, are as follows:
20
10K
606
447
Earnings Per Share: In February 1997, the Financial Accounting Standards Board issued Statement of Financial Accounting Standard No. 128, Earnings Per Share ("SFAS 128"), effective for years ending after December 15, 1997. SFAS 128 requires the calculation and presentation on the income statement of "basic" earnings pe...
158
10K