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1678
1,150
The Company has an agreement with an unrelated company whereby the unrelated company reinsures the morbidity risks of the group long-term disability contracts. Under this agreement, certain long-term disability benefits are reinsured on a yearly renewable term basis. The agreement provides that the unrelated company wi...
60
10K
gb_prudential-AR_2014
211
Our products are designed to provide peace of mind to our customers, whether that be in relation to saving for retirement or insuring against the risks of illness, death or critical life events. Satisfied customers are a key driver of our growth as they become our advocates, recommending our products and services to th...
57
annual_report
de_allianz-AR_2017
1,165
The share of the Asia-Pacific region declined as positive effects, mostly from third-party AuM net inflows, were dampened by negative foreign currency translation effects as well as the deconsolidation of
30
annual_report
5527
1,259
Investments in fixed income are classified as available-for-sale. Securities are classified as available-for-sale when Atlas may decide to sell those securities due to changes in market interest rates, liquidity needs, changes in yields or alternative investments, and for other reasons. Available-for-sale securities ar...
70
10K
TrygAS-AR_2009
999
Berit Torm Elected by the employees Born 1959. Joined the Supervisory Board in 2008.
14
annual_report
4940
400
Beginning in the fourth quarter of 2008, the federal government, including through the Federal Deposit Insurance Corporation (“FDIC”) and the GSEs, and several lenders implemented programs to modify loans to make them more affordable to borrowers with the goal of reducing the number of foreclosures. During 2012, 2013 a...
114
10K
383
287
Earnings per common and common equivalent share: As reported............................. $ .56 $ .35 Pro forma............................... $ .55 $ .31
19
10K
AvivaPLC-AR_2005
477
– Retain financial flexibility by maintaining strong liquidity, access to a range of capital markets and significant unutilised committed credit lines
21
annual_report
1903
452
OUR INSURANCE SUBSIDIARIES ARE SUBJECT TO MINIMUM CAPITAL REQUIREMENTS. OUR FAILURE TO MEET THESE REQUIREMENTS COULD SUBJECT US TO REGULATORY ACTIONS OR RESULT IN THE TERMINATION OF OUR BLUE CROSS AND BLUE SHIELD LICENSE AGREEMENTS.
35
10K
1802
221
Premium revenue from the unprofitable GPPO major medical product was $36.0 million, $38.2 million and $17.5 million for 2001, 2000 and 1999, respectively. The Company discontinued marketing this product in June 2000 and has been continuously implementing significant premium rate increases since that date. The premium r...
116
10K
5377
892
We expect to see continued favorable sales and premium growth trends in 2018 and a consistent level of adjusted operating earnings growth as a result of accelerating investments in our future growth. The lower interest rate environment will continue to have an unfavorable impact on our profit margins, and volatility in...
123
10K
NatwestGroupPLC-AR_2015
1,445
• Building on established processes and ways of working, new professional Standards Frameworks set out the relevant knowledge, skills, attitudes and behaviours expected of RBS employees in their role, to embed good conduct and an appropriate culture.
37
annual_report
3078
3,720
Description of Business: Aflac Incorporated (the Parent Company) and its subsidiaries (the Company) primarily sell supplemental health and life insurance in the United States and Japan. The Company’s insurance business is marketed and administered through American Family Life Assurance Company of Columbus (Aflac), whic...
122
10K
TrygAS-AR_2002
172
Shares Most of the equities are in the Danish and Norwegian portfolios, while the Polish, Estonian and TBi portfolios contain almost no shares.
23
annual_report
de_allianz-AR_2003
3,072
§ 5 (10) of the Statutes of the Joint Fund for Securing Customer Deposits we have undertaken to indemnify the Federal Association of
23
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014
2,256
In the ERGO Life and Health Germany segment, assumptions regarding future mortality, lapses and profit participation, and regarding long-term interest-rate levels were adjusted in 2014 on the basis of the long-term regular return on investments. Overall, the adjustment led to impairment losses of deferred acquisition c...
46
annual_report
4095
3,986
Also during 2008, the Company classified its commercial mortgage securitization operations as a divested business, reflecting its decision to exit this business. As a result of this decision, these operations, which involved the origination and purchase of commercial mortgage loans that it in turn would aggregate and s...
141
10K
3053
1,165
Obligations under investment agreement contracts are recorded as liabilities on the Company’s consolidated balance sheet based upon proceeds received plus unpaid accrued interest at the balance sheet date. Upon the occurrence of certain contractually agreed-upon events, some of these funds may be withdrawn prior to the...
146
10K
4431
724
We anticipate that the ever-to-date rescission rate on the more recent quarters will increase as the ever-to-date resolution percentage moves closer to 100%.
23
10K
Sampoplc-AR_2007
1,721
The changes in the fair value reserve are disclosed in the Statement of changes in equity on p. 48. Other income and expenses comprise rental income, maintenance expenses and depreciation of investment property. All the income and expenses arising from investments are included in Net income from investments. Gains/
49
annual_report
2885
500
Property and general liability net premiums written were $447.3 million for 2005, compared with $217.2 million for 2004, an increase of $230.1 million or 105.9%. The increase in property and general liability net premiums written primarily resulted from the merger with Penn-America Group, Inc. and reduced reinsurance c...
74
10K
gb_lloyds_banking_grp-AR_2007
1,939
Tax charge thereon at UK corporation tax rate of 30% 1,200 1,274
12
annual_report
2737
589
Interest Expense. Interest expense decreased approximately $178,000 to $309,000 in 2005 from $487,000 in 2004. Approximately $132,000 of the decrease is attributable to the reduction in the surplus note balance which occurred in October 2004 as part of the Conversion which was previously discussed above under Part I, I...
70
10K
5491
3,895
• investments to upgrade our technology and underwriting processes challenge our management of general operating expenses.
16
10K
2118
941
compared to PMI’s historic loss experience, evidenced by lower claim amounts, a robust real estate market and strong home price appreciation.
21
10K
fr_axa-AR_2001
882
Property & Casualty Segment plus the insurance operations within the International Insurance Segment) and
14
annual_report
RaiffeisenBankInternationalAG-AR_2017
2,634
Positive fair values of derivatives (hedging) 0 521,959 0 0 644,693 0 1 Including other derivatives
16
annual_report
5814
1,610
(3) For policies with an occurrence limit up to $10.0 million, the excess casualty treaty is set such that our retention is no more than $1.0 million.
27
10K
AegonNV-AR_2018
5,412
Aegon the Netherlands also has a post-retirement medical plan that contributes to the health care coverage of employees and beneficiaries after retirement. For this plan, Aegon the Nederlands has the responsibility to administer the plan in accordance with its terms, and decides on questions related to eligibility and ...
99
annual_report
BaloiseHoldingLtd-AR_2012
25
Dividend per share 4 (CHF) 4.50 4.50 0.0 1 Premiums written and policy fees (gross).
15
annual_report
ASRNederlandNV-AR_2016
494
• Financial cover for risks incurred by customers: Solvency II ratio
11
annual_report
3614
875
extent, to Central European floods and European Windstorm Erwin. Such net catastrophe costs include net ceded reinstatement premiums of $61.1 million (domestic $56.2 million; international $4.9 million). Approximately $123.9 million of net catastrophe costs included in international operations relate to hurricanes occu...
67
10K
NatixisSA-AR_2019
1,635
Chairman of the Board 2.4.2.1 of Directors – Compensation and benefits of any kind paid during the 2019 fiscal year and/or granted in respect of this fiscal year
28
annual_report
5453
1,632
For the year ended December 31, 2017 (Successor Company), there were no transfers from Level 2 to Level 1.
19
10K
3111
912
Workers Compensation. This strategy includes six key underwriting initiatives that focus on predictive modeling, premium leakage, premium audit procedures, and other operational improvements. In addition, multiple claims initiatives include medical bill review services, medical and pharmacy networks, case management, a...
45
10K
gb_prudential-AR_2010
1,529
The peer group used for the 2008 and 2009 GPSP awards was comprised of the organisations listed below plus Friends Provident (Friends Provident was removed from the comparator group for outstanding and future awards in November 2009 when it delisted). The organisations listed will also comprise the peer group used for ...
54
annual_report
4882
952
Ambac has a formal impairment review process for available for sale securities in its investment portfolio. Ambac conducts a review each quarter to identify and evaluate investments that have indications of possible impairment that is other than temporary in accordance with the Investments - Debt and Equity Securities ...
163
10K
3965
853
We develop, sell and support a variety of immediate and deferred annuities, including fixed, equity-indexed and variable products. We sell these products through independent agents, brokers, financial institutions, and multiple line and employee agents. Segment financial results for the periods indicated were as follow...
48
10K
3281
1,230
Non-commission expenses - Since we generally do not allocate non-commission expenses to individual business lines, to measure homeowner profitability, we use a personal lines segment commission and underwriting expense ratio of approximately 33 percentage points to determine an estimated homeowner combined ratio. Lower...
70
10K
1585
169
(1) Used by WCNY and WCMG. (2) Used by WCNY. (3) Used by FirstChoice.
14
10K
de_allianz-AR_2015
2,423
Current interest rate – – – – – 4.47 % – –
12
annual_report
AegonNV-AR_2016
4,240
The interim dividend 2014 for common shares B amounted to 1/40th of the dividend paid on common shares.
18
annual_report
2323
448
In addition to these three assumptions all UL-type, VUL and VA products contain an additional assumption that affects the DAC and VOBA amortization. This critical assumption is the rate of growth of the separate account mutual funds that generate additional policy fees utilized in the EGP on VUL and VA products. We ass...
130
10K
StandardLifeAberdeenPLC-AR_2007
494
Customers and employees In common with the rest of the Group, all Asia Pacific operations are committed to maintaining the highest level of customer service. Each operation recognises the importance of its workforce, and consequently a considerable investment is made in ensuring ongoing development of its employees, pa...
52
annual_report
GjensidigeForsikringASA-AR_2013
1,531
The following financial assets are classified as level three in the valuation hierarchy • Unlisted private equity-investments. The private equity investments that are not organized as funds are valued using cash flow analysis, price multiples and recent market transactions. The private equity investments that are organ...
162
annual_report
1513
137
The remaining business activities of MMC and its subsidiaries are conducted principally in leased office space in cities throughout the world. In general, no difficulty is anticipated in negotiating renewals as leases expire or in finding other satisfactory space if the premises become unavailable. From time to time,
48
10K
4284
653
For the year ended December 31, 2010, interest earned on notes receivable from affiliate was $4.9 million compared to $3.1 million for the same 2009 period. Our Credit Agreements with State Auto Mutual were entered into during the second quarter of 2009.
42
10K
3574
826
Unrealized gains and losses on derivative financial instruments are a function of changes in the estimated fair value of our credit derivative contracts. We enter into credit derivative contracts which require us to make payments upon the occurrence of certain defined credit events relating to an underlying obligation ...
172
10K
3828
887
At December 31, 2008, we also had $390 million principal amount of 9% Convertible Junior Subordinated Debentures due in 2063. At issuance, within the $390 million principal amount was an embedded derivative with a value of $16.9 million. The amount of the derivative is treated as a discount on issuance and is being amo...
79
10K
NatixisSA-AR_2010
6,797
2.2.3 AGREEMENT REGARDING MIFID BETWEEN NATIXIS, BPCE AND CRÉDIT FONCIER DE FRANCE (CFF)
13
annual_report
BeazleyPLC-AR_2015
989
• appoint and review the performance of remuneration committee consultants, currently Deloitte LLP.
13
annual_report
3310
635
Expected loss ratios are selected by reserve cell, by accident year, based upon reviewing forecasted losses and indicated ultimate loss ratios predicted from aggregated pricing statistics. Indicated ultimate loss ratios are calculated using the selected loss emergence pattern, reported losses and earned premium. If the...
107
10K
HiscoxLtd-AR_2020
23
Travel bans and restrictions were soon followed by event cancellations. Our UK team worked with small- to medium-sized businesses to provide support and find solutions. One example was Motorcycle Live 2020, a Birmingham-based show representing the best of the British motorcycle industry. With a global audience, cancell...
86
annual_report
AegonNV-AR_2013
1,633
Key inputs for our risk preferences include expected returns, alignment with customer interests, the existing risk exposures and other risk characteristics.
21
annual_report
NatixisSA-AR_2015
5,974
5 FINANCIAL DATAConsolidated fi nancial statements and notes 10.2.4 Breakdown of collective provisions by business sector
16
annual_report
ScorSE-AR_2015
2,360
The primary source of capital used by the Group is equity shareholders’ funds and subordinated debts. The leverage ratio as at December 31, 2015 is 27.5%. For a description of the leverage ratio, please refer to Section 1.3.6 – Financial position, liquidity and capital resources.
45
annual_report
fr_axa-AR_2010
700
Autorité de contrôle des assurances et des mutuelles (“ACAM”), which was the principal French insurance regulator.
16
annual_report
582
651
The Company experienced an underwriting loss (net premiums earned minus losses and LAE incurred and underwriting expenses) of $261.7 million for the year ended December 31, 1995, compared to an underwriting gain of $11.1 million in 1994. The change in the underwriting result was due to the charge for loss reserve stren...
151
10K
gb_prudential-AR_2008
2,832
Other adjustments to restate these amounts to a regulatory basis (with SAIF and the WPSF on a Peak 2 realistic basis)note v 3 643 646 (474) 30 (41) 161
29
annual_report
5534
623
Gross expenses represent total insurance expenses before the deferral of any policy acquisition costs. Gross expenses decreased for 2018 compared with 2017 and 2016 primarily due to decreases in compensation expense. Operating expenses decreased for 2018 compared with 2017 and 2016 primarily due to decreases in gross e...
48
10K
fr_axa-AR_1999
3,662
Item 17: Financial Statements The following financial statements and schedules are filed as part of this Annual Report, together with the report of the independent accountants.
26
annual_report
5668
3,051
requirements. As of December 31, 2019 and 2018, Genworth Mortgage Insurance Corporation’s (“GMICO”) risk-to-capital
14
10K
gb_prudential-AR_2012
1,402
The Committee also reviews confl icts of interest or potential confl icts of interest raised by directors between Board meetings and for prospective Board members. In cases where there might be an actual or potential confl ict of interest the Committee has powers to authorise any such actual or potential confl ict situ...
98
annual_report
Sampoplc-AR_2018
359
The companies received a negative pre-ruling on the tax treatment of the transaction on 29 May 2018. Despite the ruling Mandatum Life and Danske Bank agreed on 19 June 2018 to continue their co-operation as agreed in
37
annual_report
4477
574
The Company provides for federal, state and foreign income taxes currently payable, as well as those deferred due to temporary differences between the financial reporting and tax bases of assets and liabilities. The Company’s accounting for income taxes represents management’s best estimate of various events and transa...
115
10K
de_allianz-AR_2009
1,803
5) With effect of December 31, 2009 the profit participation certificates issued by Allianz SE have been called for redemption pursuant to Section 6 § 4 of the conditions of the profit participation certificates. As of January 4, 2010 holders received a cash compensation of € 103.32 for each profit participation certif...
85
annual_report
AvivaPLC-AR_2009
3,971
(ii) The contractual undiscounted cash flows in relation to non-hedge derivative liabilities have the following maturities: Within one year 1,238 1,001 151 Between one and two years 155 285 100 Between two and three years 66 32 20 Between three and four years 74 43 20 Between four and five years 51 69 21 After five yea...
60
annual_report
de_allianz-AR_2003
3,240
In 2003, pensions and other benefit payments for former members of the Board of Management amounted to ¤8.2 (2002: 13) mn. ¤4.2
22
annual_report
2941
966
Our Workers’ Compensation Insurance segment began writing business in January 2004, and results of this segment for 2003 consisted only of $5,000 of investment income, $1.2 million of expenses, and a $1.2 million loss before taxes.
36
10K
fr_axa-AR_2007
5,756
Other derivatives on insurance & investment contracts (a) (27) (174) (201) 1 (130) (129) — (147) (147)
17
annual_report
5570
718
The Company leases its facilities under non-cancelable operating leases. In addition to monthly lease payments, the lease agreements require the Company to reimburse the lessors for its portion of operating costs each year. Rent expense was $1.6 million for year ending December 31, 2018 and $1.0 million for the year en...
54
10K
gb_prudential-AR_2015
1,184
As a form of advocacy, Prudence Foundation partners with CSR Asia to host an annual Disaster Preparedness Forum in one selected city in Asia. We firmly believe the private sector has an important role to play in strengthening community disaster resilience, and this Forum provides a unique platform for dialogue and exch...
88
annual_report
2280
447
In 2003, we incurred losses and settlement expenses of $271.6 million, of which $283.9 million was attributable to losses that occurred in 2003. In 2003 we recorded a $12.3 million offset to losses incurred related to the net savings realized in 2003 on the settlement of losses that occurred prior to 2003. The net savi...
95
10K
1768
362
CNA Plaza, owned by CAC, serves as the home office for CNAF and its subsidiaries. An adjacent building (located at 55 E. Jackson Blvd.), jointly owned by CCC and CAC, is partially situated on grounds under leases expiring in 2058. Approximately 46% of the adjacent building is rented to non-affiliates. CNAF’s subsidiari...
86
10K
3788
1,497
We have no equity interests in any of the QSPEs in which we invest, nor do we have control over these entities. Therefore, our loss exposure is limited to the cost of our investment.
34
10K
INGGroepNV-AR_2005
948
In 2004, ING Group sold most of the German banking units of ING BHF-Bank. The transaction includes ING BHF-Bank’s asset management, private banking, financial markets and core corporate banking business. The value of the transaction amounted to EUR 600 million.
40
annual_report
5160
2,432
In addition, certain assets are not admitted under statutory accounting principles and are charged directly to surplus. The most significant assets not admitted by MetLife Insurance Company USA are net deferred income tax assets resulting from temporary differences between statutory accounting principles basis and tax ...
56
10K
CNPAssurancesSA-AR_2011
296
CNP Assurances employees whose jobs will be affected by Solvency II gives us an opportunity to set in motion a cross-functional dynamic.
22
annual_report
4162
361
The ability of the Company to meet its commitments for timely payment of claims and other expenses depends, in addition to current cash flow, on the liquidity of its investments. The Company has relatively little exposure to lower grade fixed income investments which might be especially subject to liquidity problems du...
55
10K
4867
3,892
In connection with the Class B Repurchase and the resulting elimination of the distinction between the Company’s Financial Services Businesses and the Closed Block Business, on January 2, 2015, the Company terminated the inter-business transfer and allocation policies relating to payments, loans, capital contributions,...
72
10K
3644
955
The Exchange is a reciprocal insurer domiciled in the Commonwealth of Pennsylvania that underwrites a broad line of personal and commercial business, including private passenger auto, homeowners and commercial multi-peril insurance. Annual direct written premiums of the Exchange totaled $3.1 billion in 2008, 2007 and 2...
83
10K
TrygAS-AR_2012
450
In practice, Tryg seeks to put together bond portfolios which are most likely to achieve the discounting curve yield given by the Danish
23
annual_report
ch_zurich_insurance_group-AR_2012
961
Private Banking Client Solutions increased new business value by USD 4 million to USD 24 million. This increase in new business value was mainly driven by final placements of tranches of an investment bond through bank distribution partners in the UK, which also contributed USD 39 million to the overall growth in new b...
59
annual_report
RSAInsuranceGroupPLC-AR_2017
3,835
Costs that are dependent on the level of defined benefit pension scheme plan funding and arise from servicing past pension commitments
21
annual_report
5445
736
Dividends paid to shareholders totaled $27.3 million, $24.6 million and $21.7 million in 2017, 2016 and 2015, respectively. Our practice has been to pay quarterly cash dividends, which we have paid every quarter since March 1968.
36
10K
gb_prudential-AR_2006
4,016
Investment contract liabilities without discretionary participation features 27 – – 27 22
12
annual_report
4746
528
In 2013, the insurance market continued to show signs of “firming” (as opposed to traditional “hardening”) across many lines and geographic areas. In this environment, rates increased at a moderate pace, clients could still obtain coverage, businesses continued to stay in standard-line markets and there was adequate ca...
209
10K
TrygAS-AR_2014
363
Commercial encompasses the sale of insurance products to small and medium-sized businesses in
13
annual_report
Sampoplc-AR_2018
3,313
The total amount of Sampo Group’s investment assets as at 31 December 2018 was EUR 26,177 million (26,380) as presented in the following figure. Mandatum Life’s and
27
annual_report
4673
608
On January 9, 2012, we entered into: (1) an amended and restated revolving and term loan credit agreement (the “SunTrust Agreement”) with SunTrust Bank (“SunTrust”) that provides for (a) a $100.0 million term loan (the “SunTrust Term Loan”) and (b) a $50.0 million revolving line of credit (the “SunTrust Revolver”) and ...
138
10K
ScorSE-AR_2011
2,726
Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) and to Interpretations of the
14
annual_report
3410
1,307
In November 2005, the FASB issued FASB Staff Position (“FSP”) FAS 115-1 and FAS 124-1, “The Meaning of Other-Than-Temporary Impairment and Its Applications of Certain Investments” (“FSP 115-1”), which provides guidance on determining when investments in certain debt and equity securities are considered impaired, whethe...
187
10K
5278
1,425
The following table provides information relating to the Company’s derivative instruments as of December 31, 2016 and December 31, 2015 (dollars in thousands):
23
10K
4004
991
On October 1, 2007, the Company completed the acquisition of all of the outstanding capital stock of Leon Medical Centers Health Plans, Inc. (“LMC Health Plans”) pursuant to the terms of a Stock Purchase Agreement, dated as of August 9, 2007 (the “Stock Purchase Agreement”). The results of LMC Health Plans are included...
210
10K
4959
1,328
Our long-term care insurance business increased $5 million largely related to the write-off of $6 million of PVFP in connection with our annual loss recognition testing completed in the fourth quarter of 2014.
33
10K
AegonNV-AR_2002
1,165
NOTES TO THE CONSOLIDATED BALANCE SHEETS Amounts in EUR millions 72 AEGON GROUP
13
annual_report
AegonNV-AR_2013
729
Ceding reinsurance does not remove Aegon´s liability as the primary insurer. Aegon could incur losses should reinsurance companies not be able to meet their obligations. To minimize its exposure to the risk of such defaults, the creditworthiness of
38
annual_report
BaloiseHoldingLtd-AR_2011
264
Reinsurance share of claims incurred – 23.1 – 11.0 – 0.3 4.5
12
annual_report
3939
1,198
reflect our loss and LAE ratios and total combined ratios prior to the reserve reallocation and reconciles these non-GAAP financial measures to their most comparable GAAP measures.
27
10K
SwissReAG-AR_1998
19
Performance of Swiss Re registered shares and the Swiss Performance Index from 31 December 1989 to 4 May 1999
19
annual_report