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MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006
518
In primary insurance, we write both personal lines and commercial business. This results in a heterogeneous portfolio of risks. We therefore have line- and segment-related guidelines for pricing and underwriting designed to ensure the requisite risk balance in the community of policyholders. In addition, the actuaries ...
58
annual_report
4959
940
Since December 31, 2014, we have taken several actions to mitigate the risk to our derivatives portfolio arising from our counterparties right to terminate their derivatives transactions with us following ratings downgrades. As of February 20, 2015, we have negotiated amendments to master swap agreements governing $6.1...
271
10K
ScorSE-AR_2019
1,021
Group; • Claude Tendil, Chairman of the Board of Directors of Generali
12
annual_report
SwissLifeHoldingAG-AR_2013
1,092
ifrs 13 fair value measurement In May 2011, the International Accounting Standards Board issued IFRS 13 Fair Value Measurement which contains new guidance on fair value measurement and disclosure requirements for International Financial Reporting Standards. The requirements do not extend the use of fair value accountin...
166
annual_report
3771
2,425
CNA has discontinued operations, which consist of run-off insurance and reinsurance operations acquired in its merger with the Continental Corporation in 1995. As of December 31, 2008, the remaining run-off business is administered by Continental Reinsurance Corporation International, Ltd., a wholly owned Bermuda subsi...
78
10K
gb_prudential-AR_2008
1,668
In this regard, the issues surrounding IAS 39 application are very similar to those considered by other US life insurers when the US financial reporting standard FAS 133 was first applied for US GAAP reporting. Taking account of these considerations the Group has decided that, except for certain minor categories of der...
92
annual_report
BaloiseHoldingLtd-AR_2007
3,900
Deutscher Ring Krankenversicherung does not fall within Baloise ’s scope of consolidation as a mutual insurance company,
17
annual_report
358
265
Death benefits net of reinsurance remained at $6.9 million. Other policyholder benefits decreased 5.1% to $6.4 million from $6.7 million as decreases in reserves for supplemental contracts and single premium immediate annuities with life contingencies more than offset the increase in reserves on new term life sales and...
67
10K
2695
2,258
Under the Option Plan, the Company had made two types of grants, an Associates Grant and general grants (the “Executive Grants”). The Associates Grant, which occurred in December 2001, was a one-time broad based award that granted 240 stock options per full-time participant and 120 options per part-time participant. Th...
148
10K
739
357
Due to the above referenced limitations, a valuation allowance has been set up to reflect the Company's inability to use tax benefits from recent acquisitions currently or in the near future. As the benefits are realizable by the Company, the valuation allowance will be reduced as required by Statement of Financial Acc...
137
10K
LloydsBankingGroupPLC-AR_2016
4,798
NOTE 48: CONTINGENT LIABILITIES AND COMMITMENTS Interchange fees With respect to multi-lateral interchange fees (MIFs), the Group is not directly involved in the ongoing investigations and litigation (as described below) which involve card schemes such as Visa and MasterCard. However, the Group is a member of Visa and ...
53
annual_report
AegonNV-AR_2018
6,459
the Netherlands; United Kingdom; Central & Eastern Europe; Spain & Portugal; Asia; Asset Management and Holding. Aegon has significant operations in Americas, the Netherlands and United Kingdom. To be able to obtain sufficient and appropriate audit evidence over the consolidated financial statements, we considered our ...
82
annual_report
AegonNV-AR_2007
705
BOLI-COLI standardized production was 3% higher in 2007 at USD 207 million. Reinsurance standardized life production was 4% higher in 2007 at USD 327 million.
25
annual_report
3070
650
Fair values of publicly traded fixed income securities are based upon quoted market prices or dealer quotes. The fair value of non-publicly traded securities, primarily privately placed corporate obligations, is based on either widely accepted pricing valuation models, which use internally developed ratings and indepen...
229
10K
NatwestGroupPLC-AR_2011
772
Non-interest income Non-interest income decreased by £3,374 million in 2011 principally driven by lower trading income in GBM and Non-Core, and a fall in insurance net premium income. Volatile market conditions led to a reduction in GBM trading income, driven by the deterioration in global credit markets as sovereign d...
75
annual_report
de_allianz-AR_2012
2,692
Life/Health reserves are dependent on estimates and assumptions, especially on the life expectancy of an insured individual (mortality and longevity risk) and on the development of interest rates and investment returns (asset-liability mismatch risk). These assumptions also have an impact on the presentation of costs a...
112
annual_report
3192
1,084
The principal actuarial reserving methods utilized by the Group to establish loss reserves include, but are not limited to:
19
10K
4694
1,062
A summary of the Company’s realized gains and losses on sales, calls or redemptions of investments for 2013, 2012 and 2011 is as follows:
24
10K
fr_axa-AR_2016
4,564
The Finance Committee examines any subject relating to the fi nancial management of the Group and in particular the policy on fi nancial r isk m anagement (including management of foreign exchange and interest rates exposure), the issues relating to the liquidity and fi nancing of the Group, the capital and solvency.
52
annual_report
NatixisSA-AR_2008
1,684
and “retirement benefi ts” products, whose competitiveness was recognized with a “Label of Excellence” awarded by the Dossiers de l’Epargne 2008.
21
annual_report
gb_lloyds_banking_grp-AR_2017
1,886
Conclusion: The Group has made progress in enhancing its management of operational risk. The Group will continue to focus on enhancing the maturity of its operational risk framework to ensure it is proactive, forward looking and effective in managing the 21st century risks in a digital world, including execution, model...
55
annual_report
5952
1,260
There were no credit losses recorded in net earnings related to Level 3 instruments still held as of December 31, 2020 and 2019.
23
10K
4031
634
Net Investment Income. Net investment income decreased by 27.8% in 2009 compared to 2008, primarily due to approximately $747.0 million of transferred investments at the end of 2008 in conjunction with a loss portfolio transfer agreement with an affiliate, lower yields on new money and an increase in losses from our li...
89
10K
4230
4,226
The following table sets forth the income statement impact of derivatives used in a dealer or broker capacity.
18
10K
5668
1,149
Primary insurance in-force represents the aggregate original loan balance for outstanding insurance policies and is used to determine premiums. Original loan balances are presented for policies with level renewal premiums. Amortized loan balances are presented for policies with annual, amortizing renewal premiums.
42
10K
5671
2,225
At December 31, 2019, the Company held no (2018: $189 million) reverse repurchase agreements. These loans are fully collateralized, are generally outstanding for a short period of time and are presented on a gross basis as part of cash and cash equivalents in the Company's consolidated balance sheets. The required coll...
108
10K
3504
1,131
We have no investments, loans or any other known contractual arrangements with special-purpose entities, variable interest entities or financial partnerships. During the year ended December 31 2007, the Company obtained three letters of credit through our Credit Agreement. A letter of credit for $351.3 million was obta...
182
10K
169
188
Investment income in 1995 was $5,563,573 compared to $1,227,816 and $2,700,242 for the years ended December 31, 1994 and 1993, respectively. The increase in investment income during 1995 compared to 1994 was attributable to realized gains on the sale of investment securities and an increase in interest earned. The decr...
228
10K
4460
812
The following table summarizes the amount of mortgage loans held by the Company at December 31, 2011, segregated by year of origination. Purchased loans are shown in the year acquired by the Company, although the individual loans may have been initially originated in prior years.
45
10K
NatixisSA-AR_2017
1,407
A director contributes to the collegiality and efficiency of the work of the Board and Special Committees. He makes recommendations that he feels will improve the Board’s operating procedures, specifically during the Board’s periodic evaluation.
35
annual_report
4369
602
Net investment income for 2010 decreased $4.5 million, or 47.8%, compared with 2009. The decrease was primarily due to a reduction in yields and a 12.9% decrease in total average invested assets to $232.3 million during 2010 from $266.7 million during 2009. The average investment yield was 2.3% (2.6% on a taxable equiv...
111
10K
HelvetiaHoldingAG-AR_2014
80
Chief Executive Officer 1 Direct yield and investment performance weighted as a result of acquisitions during the year.
18
annual_report
1692
742
Due after 1 through 5 years ... $ 2,173,907 $ 2,164,112 $1,829,636 $1,791,752 Due after 5 through 10 years .. 2,415,964 2,331,334 1,906,291 1,873,982 Due after 10 years ............ 3,077,594 3,043,404 3,159,572 3,108,952 Mortgage-backed securities .... 3,278,103 3,293,077 1,818,697 1,830,395 --------------------------...
46
10K
4374
1,284
· The deposit administration contract is carried at cost, which approximates fair value. Given the liquid nature of the underlying investments in overnight cash deposits and other short term duration products, we have determined that a correlation exists between the deposit administration contract and other short-term ...
66
10K
de_allianz-AR_2010
1,105
Overall, operating profit went up by 47.0 % to € 2,060 million due to significant growth in assets under management and exceptionally high performance fees. Net inflows reached € 121 billion; of this, third-party net inflows accounted for a record € 113 billion.
43
annual_report
2327
1,016
Claim and other deposit funds: The carrying amounts for claim and other deposit funds approximate the liabilities' fair values.
19
10K
1720
706
The Company's exposure to future deterioration in the economic and political environment in Argentina, with respect to its Argentine-related investments, is limited to the net carrying value of those assets, which totaled less than $300 million as of December 31, 2001.
41
10K
5408
475
If one or more of the variables or assumptions used changed such that the Company’s recorded loss ratio, or loss provision as a percentage of net title premiums, increased or decreased three loss ratio percentage points, the impact on after-tax income for the year ended December 31, 2017 would be as follows:
52
10K
5113
1,641
(3) Net of tax expense of $2.9 million, tax benefit of $37.9 million and tax expense of $22.2 million for 2015, 2014 and 2013, respectively.
25
10K
RSAInsuranceGroupPLC-AR_2015
2,606
Tax Rates The table below provides a summary of the current tax and deferred tax rates for the year in respect of the core tax jurisdictions in which the Group operates.
31
annual_report
AegonNV-AR_2006
3,070
Life for account of policyholders 7,547 25,712 70,010 1,994 – – 105,263
12
annual_report
5714
995
Interest expense on investment borrowings represents $12.4 million, $10.8 million and $6.3 million of interest expense on collateralized borrowings in 2019, 2018 and 2017, respectively, as further described in the note to the consolidated financial statements entitled "Summary of Significant Accounting Policies - Inves...
62
10K
3246
1,396
Changes in policyholder reserves, or future policy benefits, also impact this line item. Reserves are calculated on an individual policy basis and generally increase over the life of the policy as a result of additional premium payments and acknowledgement of increased risk as the insured continues to age. Policy surre...
164
10K
SwissReAG-AR_2017
1,388
Reserve valuation risk is managed by Swiss Re’s Actuarial Control function, with dedicated teams for property and casualty, and life and health valuation. These teams ensure that Swiss Re’s reserve setting process uses an appropriate governance framework, including defined accountabilities and decision-making processes...
130
annual_report
NatixisSA-AR_2019
8,444
NATIXIS NEW YORK Financial institution FC 100 100 100 100 United States
12
annual_report
PhoenixGroupHoldingsPLC-AR_2018
896
The Group fails to retain or attract a diverse workforce with the skills needed to deliver its strategy
18
annual_report
4230
2,035
portfolio of $17 million. These net gains were partially offset by net realized losses on loan modifications, payoffs, and foreclosures within our commercial mortgage operations. Net losses on commercial mortgage and other loans in 2009 were $517 million primarily related to the net increase in the loan loss reserve of...
88
10K
3848
1,217
The fixed maturity non-cash OTTI charge for 2007 consisted of $4.9 million associated with two commercial real estate CDOs. These charges were due to the severe contagion effects from the sub-prime mortgage crisis. CMBS spreads, particularly subordinated tranche CMBS, widened dramatically over the course of the second ...
100
10K
gb_prudential-AR_2017
6,140
Net value of in‑force business 16,765 9,604 3,041 29,410 14,807 7,354 2,776 24,937
13
annual_report
AvivaPLC-AR_2009
3,440
Valuations and assumptions The valuations used for accounting under IAS 19 have been based on the most recent full actuarial valuations, updated to take account of that standard’s requirements in order to assess the liabilities of the material schemes at 31 December 2009. Scheme assets are stated at their fair values a...
55
annual_report
5718
4,648
For those securities in an unrealized loss position, the length of time the securities were in such a position, is measured by their month-end fair values. The unrealized losses in all categories of our investments as of December 31, 2019 and 2018 were primarily caused by changes in interest rates between the time of p...
120
10K
SwissLifeHoldingAG-AR_2002
51
The conditions prevalent in the European life insurance sector have changed dramatically within a very short period of time. In the 1990s returns on investments allowed insurers to turn in an attractive performance for both policyholders and shareholders. In the 2001–2002 period a slide in share prices led to a marked ...
105
annual_report
AssicurazioniGeneraliSpA-AR_2015
528
For internal control functions (Internal Audit, Risk Management, Compliance and Actuarial Function), specific guidelines are applied in line with regulatory requirements.
21
annual_report
1984
439
Effective January 1, 2001, the Company adopted Financial Accounting Standards Board (FASB) Statement No. 133, "Accounting for Derivative Instruments and Hedging Activities" (SFAS No. 133), as amended by FASB Statement No. 138, "Accounting for Certain Derivative Instruments and Certain Hedging Activities." The adoption ...
75
10K
2115
390
Gross premiums written increased by $19.6 million, or 38%, to $71.4 million for the year ended December 31, 2003 from $51.8 million for the year ended December 31, 2002, due to net new business written, which is new business net of lost business, combined with the premium rate increases, which averaged 27%. The gross p...
130
10K
NatixisSA-AR_2016
9,149
areas, improving on the last ratings established in 2016 and earning its way onto the major CSR indices (Euronext Vigeo -
21
annual_report
NatixisSA-AR_2020
4,007
3 RISK FACTORS, RISK MANAGEMENT AND PILLAR IIIBasel 3 Pillar III disclosures 208 NATIXIS UNIVERSAL REGISTRATION DOCUMENT 2020
18
annual_report
INGGroepNV-AR_2009
2,767
Current net asset value based on fair values (over the next year)
12
annual_report
2392
1,687
Includes fourth quarter charge of $150 million attributable to the change in estimate for asbestos and environmental reserves.
18
10K
NatixisSA-AR_2007
4,498
IAS 14 “Segment Reporting”. It modifi es the presentation of segment information, prioritising the managerial approach for defi ning segments. Excluding the various presentation aspects, this standard may have an impact on the depreciation of goodwill, which would be reallocated to new segments. However, this standard ...
113
annual_report
1971
711
The National Association of Insurance Commissioners, or NAIC, has adopted rules which, to the extent that they are implemented by the states, will set new minimum capitalization requirements for insurance companies, HMOs and other entities bearing risk for healthcare coverage. The requirements take the form of risk-bas...
158
10K
gb_lloyds_banking_grp-AR_2019
2,590
Strong progress in executing the Group’s strategic transformation programme, with significant investment in technology, people and improved customer propositions Further progress on the strategy for growing our Financial Planning & Retirement business with the successful launch of our Schroders Personal Wealth joint ve...
63
annual_report
3063
931
Changes in fair value of the interest rate swap designated as a hedging instrument of the variability of cash flows associated with floating-rate, long-term debt obligation are reported in accumulated other comprehensive income, net of taxes. The Company accounts for the hedging instrument using the short-cut method an...
86
10K
3982
1,141
against policy account balances for the costs of insurance, policy administration, and surrenders. Such fees are recognized when assessed and earned. Benefit reserves for universal life and investment products represent policy account balances before applicable surrender charges plus certain deferred policy initiation ...
106
10K
NatixisSA-AR_2014
430
This issue helped optimize the group’s capital structure, given its extremely low debt ratio (less than 1% at the end of 2013), and strengthen its regulatory capital.
27
annual_report
NatwestGroupPLC-AR_2004
615
Wealth Management provides private banking and investment services to its clients through a number of leading UK and overseas private banking subsidiaries and offshore banking businesses. Coutts is one of the world’s leading international wealth managers with over 50 offices worldwide, including Switzerland, Dubai, Mon...
115
annual_report
5293
916
We also hold within our invested asset portfolio a credit enhanced note (“LLC Note”) issued by a limited liability company owned by a third-party service provider which is classified as a held-to-maturity security. The LLC Note, which is scheduled to mature on December 31, 2029, was obtained in exchange for a surplus n...
96
10K
NatwestGroupPLC-AR_2007
5,097
When disposing of shares, shareholders are also entitled to indexation allowance (to April 1998 only in the case of individuals and non-corporate holders), which is calculated on the 31 March 1982 value, on the cost of subsequent purchases from the date of purchase and on the subscription for rights from the date of th...
97
annual_report
fr_axa-AR_2010
6,680
Germany, Italy and Spain). AXA consolidated its €225 million stake as of December 31, 2010 in the vehicle carrying the junior tranches.
22
annual_report
AegonNV-AR_2013
849
There are various profit-sharing arrangements. Bonuses are either paid in cash (usually for a pension, as described later)
18
annual_report
fr_axa-AR_2000
2,650
Under the Treaty, any payment of the avoir fiscal is subject to the 15% dividend withholding tax. Thus, for example, if a dividend of 100 were payable by AXA to: • an Eligible U.S. Individual Holder and the requirements are satisfied, that holder would initially receive 85, the 100 dividend less a 15 withholding tax). ...
83
annual_report
2187
1,304
Interest rate changes may have temporary effects on the sale and profitability of the protection products and accumulation products offered. For example, if interest rates rise, competing investments (such as
30
10K
5861
937
As of December 31, 2020, maturities of operating lease liabilities are as follows (in thousands):
15
10K
4833
4,468
For the years ended December 31, 2013, 2012 and 2011, domestic and foreign pretax income from continuing operations before noncontrolling interests was $286.2 million and $24.5 million, $449.6 million and $17.8 million, and $128.2 million and $2.1 million, respectively.
39
10K
fr_axa-AR_2000
2,256
Mutuelle, a property and casualty insurance Mutuelle AXA, allocate between them the underwriting results of the property and casualty insurance business generated in France by insurance brokers. This allocation is achieved through a co-insurance agreement implemented through a GIE.
39
annual_report
5247
709
As discussed above, Nodak Mutual evaluates its insurance operations by monitoring certain key measures of growth and profitability. In addition to using GAAP based performance measurements, Nodak Mutual also utilizes certain non-GAAP financial
33
10K
Sampoplc-AR_2007
1,132
IFRS Financial Statements: Summary of Significant Accounting Policies | sampo group annual report 2007 55 other financial liabilities Other fi nancial liabilities comprise debt securities in issue and other fi nancial liabilities.
32
annual_report
5866
2,366
did not become an active claim. These decreases were partially offset by unfavorable impacts from changes in assumptions and methodologies associated with our annual claim reserve review completed in the fourth quarter of 2020 and from higher reserves of $101 million to account for changes to incidence and mortality ex...
53
10K
4070
542
SEC Investigation Expenses. SEC investigation expenses decreased 99.3%, or $3,265,846, to $23,616 in 2009 from $3,289,462 a year ago. See “SEC Investigation” above, “Business Outlook-Expenses” and “Liquidity and Capital Resources” below and Note 4 to the Consolidated Financial Statements for more information concerning...
46
10K
2051
662
The Company is exploring various options with respect to financing to meet its long-term liquidity needs. While we believe that our exiting sources of funds will be sufficient to meet our long-term liquidity needs, planned premium rate increases may require that we obtain additional funds to bolster surplus so that we ...
61
10K
3378
938
In the ordinary course of business, the Company cedes business to other insurance and reinsurance companies. These agreements enable the Company to manage its risk concentration limits thereby providing greater risk diversification and may minimize the net potential loss from large risks. Retrocessional contracts do no...
101
10K
4681
2,667
Subsequent to December 31, 2012, the Company added additional currency protection. This action resulted in changes in Yen sensitivities from those disclosed above. As of February 21, 2013, the potential net fair value impact for the additional currency protection from Yen instantaneously strengthening by 20% and 10% ar...
60
10K
PhoenixGroupHoldingsPLC-AR_2018
2,605
B. EARNINGS PERFORMANCE continued B2. Investment return variances and economic assumption changes
12
annual_report
fr_axa-AR_2010
1,648
Net capital gains or losses attributable to shareholders net of income tax (138) (16)
14
annual_report
RSAInsuranceGroupPLC-AR_2007
250
Joint ventures Both our major joint ventures made good progress during 2007. India continued to deliver double digit growth and we have appointed a new CEO and continue to focus on accelerating the growth of this business. Our joint venture in Central and Eastern Europe employs a direct model in an intermediated world....
106
annual_report
DirectLineInsuranceGroupPLC-AR_2018
1,374
Following the commitment made by the Committee (and disclosed in the 2016 Remuneration Report), the Committee considered the impact of the Ogden-related reserve releases made since February 2017 in terms of the impact on the 2016 AIP out-turn. Had they been attributed to the 2016 financial year, this would have resulte...
131
annual_report
INGGroepNV-AR_2009
1,033
(5) Tom McInerney and John Hele receive their compensation in US dollars. For each year the compensation in US dollars was converted to euros at the average exchange rate for that year.
32
annual_report
2363
6,137
Under Selective's Stock Option Plan II, the SEBC, in its sole discretion, may grant restricted or unrestricted shares of Selective's common stock, or grant rights to receive common stock, to employees in addition to or in substitution for options and/or SARs granted. Each such grant must be expressly subject to the att...
156
10K
4868
1,904
Includes $31 million in net investment income representing the change in fair value of AFG’s CLO investments plus $18 million in CLO management fees earned.
25
10K
ScorSE-AR_2020
4,383
Such transactions would be carried out, under the conditions authorized by the stock exchange authorities, by any means, including on a regulated market, on a multilateral trading facility, via a systematic internalizer or over-the-counter, including, inter alia, by buying or selling blocks, by applying derivative fina...
76
annual_report
2755
3,283
Lower weather-related catastrophe losses, which accounted for only 0.3 points of the GAAP loss and loss expense ratio for 2005, compared to 1.5 points for 2004, and 2.4 points for 2003; and
32
10K
TopdanmarkAS-AR_2013
274
739B739BTopdanmark is in constant dialogue with the DFSA on the model. It is expected that the application for the Solvency II approval will be submitted to the DFSA in 2014 and that the model will be approved before Solvency II takes effect.
42
annual_report
5856
1,436
The Canada Traditional segment is primarily engaged in individual life reinsurance, and to a lesser extent creditor, group life and health, critical illness and disability reinsurance, through yearly renewable term and coinsurance agreements. The Canada Financial Solutions segment concentrates on assisting clients with...
83
10K
LloydsBankingGroupPLC-AR_2012
6,174
7.875% non-cumulative Preference shares callable 2013 (us$1,250 million) a 204 170 7.875% non-cumulative Preference shares callable 2013 (e500 million) a 105 83 6.0884% non-cumulative Fixed to Floating Rate Preference shares callable 2015 (£745 million) a 10 10 5.92% non-cumulative Fixed to Floating Rate Preference sha...
143
annual_report
3018
757
The Wealth Management Segment sells a full range of retirement-oriented insurance products that provide fixed, indexed or variable returns to policyholders. Annuities are insurance products designed to offer individuals protection against the risk of outliving their financial assets during retirement. Annuities offer a...
90
10K
DirectLineInsuranceGroupPLC-AR_2018
2,430
Reinsurance assets 1,208.7 – – – 1,208.7 Insurance and other receivables 836.0 39.6 0.3 – 875.9 Derivative assets 48.2 – – – 48.2 Debt securities 4,246.6 – – – 4,246.6 Infrastructure debt 289.6 – – – 289.6 Commercial real estate loans 201.6 – – – 201.6 Cash and cash equivalents1 1,154.4 – – – 1,154.4
55
annual_report
de_allianz-AR_2010
3,502
Exercisable as of December 31, — — — — — —
11
annual_report
537
439
We have audited the accompanying consolidated balance sheets of Equitable of Iowa Companies and subsidiaries as of December 31, 1996 and 1995, and the related consolidated statements of income, changes in stockholders' equity, and cash flows for each of the three years in the period ended December 31, 1996. Our audits ...
304
10K
gb_prudential-AR_2007
979
Clark Manning FSA MAAA Executive director Clark Manning has been an executive director of Prudential since January 2002. He is also President and Chief Executive Officer of Jackson National Life. He was previously Chief Operating Officer, Senior Vice President and Chief Actuary of Jackson National Life, which he joined...
127
annual_report
PowszechnyZakladUbezpieczenSA-AR_2017
1,289
An invariably significant area of operation in claims and benefits handling is the prevention of insurance fraud. PZU
18
annual_report