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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 responsible (life and health insurance) and the heads of the actuarial departments | 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 billion notional of our derivatives portfolio, as a result of which the current ratings of Genworth Holdings and our life insurance subsidiaries are at least one-notch above the level at which counterparties could terminate the transactions under those agreements. Since December 31, 2014, we have moved $5.2 billion notional of our derivatives portfolio from bilateral over-the-counter agreements to clearing through the Chicago Mercantile Exchange (“CME”), which has required us to post initial margin of $25 million to the CME through our clearing agent. The customer agreements that govern our cleared derivatives contain provisions that enable our clearing agents to request initial margin in excess of CME requirements. So far, they have not done so, but may do so in the future. Because our clearing agent serves as a guarantor of our obligations to the CME, the termination provisions in customer agreements are not dependent on ratings. As of February 20, 2015, we continue to have $7.7 billion notional of bilateral over-the-counter derivatives under master swap agreements where the counterparty has the right to terminate all of its transactions with us based on our current ratings but has not done so. With respect to those trades, we are continuing to evaluate if additional actions to modify our master swap agreements or to replace current positions with new transactions are beneficial and possible at this time. | 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 accounting, but provide guidance on how it should be applied where its use is already required or permitted by other standards within IFRS. The new guidance is effective for annual periods beginning on 1 January 2013 without retrospective application. As a result of the new requirements, the Swiss Life Group adjusted the fair value measurement of certain investment properties taking into account highest and best use. The impact of these adjustments to fair value was an increase of CHF 176 million (before policyholder participation and income tax expense) which was recognised in profit or loss in 2013. The increase in the fair value measurement of these investment properties was primarily due to the potential conversion of rented property into owner-occupied property. | 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 subsidiary. The business consists of facultative property and casualty, treaty excess casualty and treaty pro-rata reinsurance with underlying exposure to a diverse, multi-line domestic and international book of business encompassing property, casualty and marine liabilities. | 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 derivatives, it is not appropriate to seek to achieve hedge accounting under IAS 39. As a result of this decision the total income statement results are more volatile as the movements in the value of Jackson’s derivatives are reflected within it. | 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 policyholder bonus reserves on universal life products. Other insurance operating expenses increased 6.3% to $5.8 million from $5.5 million. | 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. The Executive Grants, which began in 2002, are awarded to certain officers on a recurring basis primarily as replacement for a portion of long-term cash compensation. Each stock option granted under either type of grant has or will have an exercise price no less than the fair market value of the Company’s Common Stock on the date of grant and has a maximum term of 10 years. Generally, one third of the option grant vests in each of the next three years. Participants are employees and non-employees (i.e., statutory agents who perform services for the Company and participating subsidiaries). | 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 Accounting Standards No. 109 "Accounting for Income Taxes" ("FAS 109"). For the years ended December 31, 1997 and 1996, the Company was able to realize a portion of the tax benefits for which a valuation allowance had been previously established. As a result, the Company reduced its valuation allowance by $4,663,000 and $2,685,000 for the years ended December 31, 1997 and 1996, respectively. The valuation allowance of $6,266,000 at December 31, 1997 is considered necessary under the more likely than not criteria required by FAS 109. | 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 MasterCard and other card schemes. | 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 group audit scope and approach as set out in the section ‘The scope of our group audit’. We paid specific attention to the areas of focus driven by the operations of the Group, as set out below. | 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 independent third party data (e.g., term structures and current publicly traded bond prices) as inputs, or independent third party pricing sources. Mortgage loans are valued based on discounted contractual cash flows. Discount rates are selected using current rates at which similar loans would be made to borrowers with similar characteristics, using similar properties as collateral. Loans that exceed 100% loan-to-value are valued at the estimated fair value of the underlying collateral. At December 31, 2006 and 2005, equity securities in the table above exclude $461 million and $257 million, respectively, of limited partnership interests, which are accounted for based on the cost method or equity method of accounting (see Notes 2 and 6). The remaining equity securities reflect common and preferred stocks, which are valued based principally on quoted market prices. Short-term investments are highly liquid investments with maturities of one year or less whose carrying values are deemed to approximate fair value. The carrying value of policy loans is deemed to approximate fair value. Separate accounts assets are carried in the Consolidated Statements of Financial Position at fair value based on quoted market prices. | 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 difficulties in the eurozone grew. Non-Core trading losses increased by £690 million, reflecting costs incurred as part of the division’s focus on reducing capital trading assets. | 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 arising from the origination of insurance business (acquisition costs and sales inducements) and the value of acquired insurance business (PVFP). To ensure consistency in the application of 1 Please refer to note 2 Summary of significant accounting policies. For further details, please refer to note 12 Deferred acquisition costs, note 19 Reserves for loss and loss adjustment expenses, and note 20 Reserves for insurance and investment contracts. | 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, cyber/IT and third party risk. | 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 limited partnership investments that principally invest in public and non-public securities, both equity and debt. As a result, net pre-tax investment income, as a percentage of average invested assets, was 3.4% for 2009 compared to 4.5% for 2008. | 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 collateral for these loans is either cash or U.S. Treasuries at a minimum rate of 102% of the loan principal. At maturity, the Company receives principal and interest income. The Company monitors the estimated fair value of the securities loaned and borrowed on a daily basis with additional collateral obtained as necessary throughout the duration of the transaction. | 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 obtained in March 2007 for the benefit of the clerk of the United States District Court for the Northern District of Illinois on behalf of the Company and AMERIGROUP Illinois, Inc. to stay the enforcement of a judgment in Qui Tam Litigation in the United States District Court for the Northern District of Illinois pending the resolution of the appeal to the United States Court of Appeals for the Seventh Court. See Part I, Item 3, Legal Proceedings. A letter of credit for $18.2 million was obtained in connection with the November 1, 2007 MMCC acquisition to secure the contingent payment under the purchase agreement. Lastly, a letter of credit for the benefit of the State of Georgia Department of Community Health for $17.4 million was obtained in compliance with requirements of the Georgia Medicaid contract. | 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 decrease in investment income during 1994 compared to 1993 was primarily attributable to realized losses on the sale of investment securities which offset an increase in interest earned. The sale of investment securities for the year ended December 31, 1995 resulted in realized gains of $1,857,519 compared to realized losses of $1,543,358 for the year ended December 31, 1994, and realized gains of $872,313 for the year ended December 31, 1993. The realized gains during 1995 were due to increased sales of investment securities to take advantage of market opportunities presented by fluctuations in interest rates. The realized losses on the sale of investment securities during 1994 resulted from changes in interest rates which adversely affected the market values of the Company's investment portfolio. Interest earned for the year ended December 31, 1995 was $3,706,054 compared to $2,771,174 and $1,827,929 for the years ended December 31, 1994 and 1993, respectively. The increase in interest earnings during 1995 was largely a result of an increase in the amount of assets under management which offset the impact of lower interest rates. | 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 equivalent basis) in 2010, compared with 3.0% (4.0% on taxable equivalent basis) in 2009. In addition, investment income for our investment in real estate declined $1.9 million for 2010 compared with 2009. This decrease was due to the vacancy of the property while we made improvements for a new long-term lease, which commenced in the fourth quarter of 2010. | 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 ------------------------------------------------ $10,945,568 $10,831,927 $8,714,196 $8,605,081 ================================================ | 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 investments such as money market funds. As such, this investment is classified as Level 2 in the fair value hierarchy. | 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 - Investment Borrowings". The increase in interest expense is due to higher interest rates on the variable rate investment borrowings. | 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 surrender benefits increased approximately $453,000 during 2006 compared to 2005 and decreased approximately$ 245,000 during the year 2005 compared to the same period in 2004. As discussed above, efforts continue to be made in policy retention through more personal contact with customers including telephone calls to discuss alternatives and reasons for a request to surrender their policy. The short-term impact of policy surrenders is negligible since a reserve for future policy benefits payable is held which is, at a minimum, equal to and generally greater than the cash surrender value of a policy. The benefit of fewer policy surrenders is primarily received over a longer time period through the retention of the Company’s asset base. | 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 for risk takers (as the first line of control) as well as for Actuarial Control. The framework ensures that there is independent assurance on the data, assumptions, models and processes used for valuation purposes; for all property and casualty business and selected life and health portfolios, it also includes an independent valuation of coverage provided to ensure that reserves are within an adequate range. Regular deep-dive investigations are performed into selected portfolios in order to review the appropriateness of both the reserves and the applied reserving approach. | 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 $317 million and mark-to-market losses on mortgage loans within our commercial mortgage operations. For additional information regarding our commercial mortgage and other loan loss reserves see “-General Account Investments-Commercial Mortgage and Other Loans-Commercial Mortgage and Other Loan Quality.” | 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 half of 2007. As a result, CDOs in general had become extremely dislocated and difficult to value as the market spreads between bid and ask prices became very wide, even for CDOs that did not have any sub-prime asset backed exposure. During 2006, we did not recognize any realized losses from OTTI charges. | 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 at 31 December 2009. | 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 purchase and the respective year end. There were 217 and 721 securities in an unrealized loss position as of December 31, 2019 and 2018, respectively. As of December 31, 2019, the fair value as a percent of amortized cost of the securities in an unrealized loss position was 99% and approximately 28% of the securities in an unrealized loss position were backed by the U.S. Government. | 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 reduction in equity levels throughout the industry and, along with historically low interest rates, to a noticeable decline in profit potential. Leaving aside the current developments on the financial markets, the pensions business remains interesting due to demographic changes and the necessity for individuals to supplement their state pensions and benefits through private provisions. | 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 of SFAS 133 resulted in an approximate $1,000 after-tax increase to accumulated comprehensive income, which has been included in the 2001 change in other comprehensive income in the Statement of Stockholder's Equity. | 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 premiums written include premiums for retrospectively rated programs of $1.1 million for the year ended December 31, 2003 and $2.2 million for the year ended December 31, 2002. Gross premiums written also include $3.2 million in 2003 and $1.3 million in 2002 for extended reporting endorsements. Gross premiums written on excess layer coverage increased $3.6 million to $10.2 million for the year ended December 31, 2003 from $6.6 million for the year ended December 31, 2002. | 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 is not expected to have any material impact on the Natixis Group’s consolidated fi nancial statements for 2009; IFRIC 11 “Group and Treasury Share Transactions” covers two points for the application of IFRS 2, specifying the accounting treatment for transactions whose payment is based on shares: For which the entity chooses or is required to buy its own treasury stock from independent third parties due to the | 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-based capital rules. The change in rules for insurance companies became effective as of December 31, 1998. The new HMO rules, which may vary from state to state, are currently being considered for adoption. Illinois and Texas adopted various forms of the rules as of December 31, 1999 and 2000, respectively. Maryland adopted risk-based capital rules for MCOs as of December 31, 2001. However, Maryland exempted all MCOs from the rules for the years ended December 31, 2001 and 2002. New Jersey and Florida have not yet adopted risk-based capital. The NAIC’s HMO rules, if adopted by other states in their proposed form, may increase the minimum capital required for our subsidiaries. | 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 venture But acknowledged organisational failures in the Group’s handling of some customers, including the victims of the historic HBOS Reading fraud | 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 and has not reclassified any of the gains or losses to interest expense in the subsequent periods. The fair value of the interest rate swap contract decreased by $180 thousand in 2006 prior to tax expense of $63 thousand. | 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 fees that are recognized in income over the term of the policies. Policy benefits and claims that are charged to expense include benefit claims incurred in the period in excess of related policy account balances and interest credited to policy account balances. Interest rates credited to universal life products ranged from 3.0% to 12.6% and investment products ranged from 3.0% to 7.25% in 2009. | 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, Monaco, Hong Kong and Singapore, as well as its premier position in the UK. Adam & Company is the major private bank in Scotland. The offshore banking businesses – The Royal Bank of Scotland International and NatWest Offshore – deliver retail banking services to local and expatriate customers, and corporate banking and treasury services to corporate, intermediary and institutional clients, principally in the Channel Islands, the Isle of Man and Gibraltar. | 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 note of equal principal amount issued by Vidalia Re, a special purpose financial captive insurance company and wholly owned subsidiary of Primerica Life. For more information on the LLC Note, see Note 4 (Investments) to our consolidated financial statements included elsewhere in this report. | 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 that payment. Further adjustments must be made where a shareholder has chosen to receive shares instead of cash for dividends. Individuals and noncorporate shareholders may also be entitled to some taper relief to reduce the amount of any chargeable gain on disposal of shares. | 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). That holder would also receive an additional payment from the French Treasury of 42.5, consisting of the avoir fiscal of 50, less the withholding tax on that amount. | 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 experience driven by COVID-19, | 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 the SEC investigation. | 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 maintain an acceptable ratio of net premiums written to surplus. | 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 not relieve the Company of its obligation to the reinsured. Prepaid reinsurance premiums represent the portion of premiums ceded to reinsurers relating to the unexpired terms of the reinsurance contracts in force. The Company currently has one retrocessional agreement in place which required a minimum cession that was complied with at December 31, 2007 and 2006. | 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% are $333 and $90, respectively; and Yen instantaneously weakening by (10)% is $(58). | 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. It owns Link4, the leading direct writer in Poland, and in May successfully launched a similar operation in the Czech Republic. In 2007, Link4 grew premiums by 38% to £47m, well ahead of the market. We look to build on this experience as we roll out our direct proposition in Russia in 2008. | 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 resulted in a maximum pay-out for the financial element of the AIP and a potential increase to 2016 bonuses of up to 45% of maximum. The Committee reviewed this result in the context of balancing the desire to ensure the outcome was fair to participants while being appropriately aligned with the shareholder experience. In striking this balance it concluded that it was appropriate to make an overall increase of 20% to the bonus payment for 2016 (below the 45% formulaic calculation). | 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 attainment of one or more performance-related objectives for certain executive officers, and may be subject to the attainment of one or more performance-related objectives for other employees, as determined by the SEBC and set forth in an award agreement. Each such grant also is subject to a vesting period or other terms, conditions, restrictions and limitations as determined by the SEBC at its discretion and set forth in an award agreement. Selective did not grant restricted shares under Stock Plan II in 2004 and 2003, but did grant 208,588 in 2002, and forfeited shares of 14,538 in 2004, 31,348 in 2003 and 39,415 in 2002. | 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 financial instruments, listed on a regulated stock exchange or over-the-counter, or by the implementation of optional strategies and, if applicable, by any third party authorized for such purpose by the Company. | 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 longevity risk transfer structures within underlying annuities and pension benefit obligations, and provides capital solutions to assist clients in meeting applicable regulatory requirements while enhancing their financial strength and regulatory surplus position through financial reinsurance and other capital solutions structures. | 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 shares callable 2015 (us$750 million) a 119 124 6.267% non-cumulative Fixed to Floating Rate Preference shares callable 2016 (us$1,000 million) a 284 306 6.3673% non-cumulative Fixed to Floating Rate Preference shares callable 2019 (£335 million) a 2 2 6.475% non-cumulative Preference shares callable 2024 (£186 million) a 39 38 6.413% non-cumulative Fixed to Floating Rate Preference shares callable 2035 (us$750 million) a 107 114 6.657% non-cumulative Fixed to Floating Rate Preference shares callable 2037 (us$750 million) a 125 131 9.25% non-cumulative irredeemable Preference shares (£300 million) a 266 266 9.75% non-cumulative irredeemable Preference shares (£100 million) a 54 54 | 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 tax-deferred means of accumulating savings for retirement needs and provide a source of income in the payout period. The Company earns spread income from fixed and indexed annuities; variable annuities primarily produce fee income. This segment also markets funding agreements to both related and unrelated third parties. | 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 also included the financial statement schedules listed in the Index at Item 14(a). These financial statements and schedules are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements and schedules based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of Equitable of Iowa Companies and subsidiaries at December 31, 1996 and 1995, and the consolidated results of their operations and their cash flows for each of the three years in the period ended December 31, 1996, in conformity with generally accepted accounting principles. Also, in our opinion, the related financial statement schedules, when considered in relation to the basic financial statements taken as a whole, present fairly in all material respects the information set forth therein. As discussed in Note 3 to the consolidated financial statements, in 1994 the company changed its method of accounting for certain investments in debt securities. | 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 in 1995. Prior to that, he was Senior Vice President and Chief Actuary for SunAmerica Inc, and prior to that Consulting Actuary at Milliman & Robertson Inc. Clark has more than 25 years' experience in the life insurance industry, and holds both a bachelor's degree in actuarial science and an MBA from the University of Texas. He also holds professional designations of Fellow of the Society of Actuaries (FSA) and Member of the American Academy of Actuaries (MAAA). | 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 |
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