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3777
891
CMS Premium - CMS pays a fixed monthly premium per member to the Company for the entire plan year.
19
10K
nl_ing_grp-AR_2013
603
The Bank invested in new customer intelligence and leadmanagement solutions, enabling it to offer the right product to the right customer, at the right moment, and through the right channel.
30
annual_report
5706
1,849
● Level 3 - Fair values are based on at least one significant unobservable input for the asset or liability.
20
10K
StorebrandASA-AR_2004
747
Strong group profit. The Storebrand group reported a group profit of NOK 2,415 million for 2004 as compared to NOK 894 million in 2003. The total contribution to group profit from If
32
annual_report
4742
1,732
· The Company recorded an embedded derivative associated with the FIA product as of December 31, 2013. The Company did not market this product during the year ended December 31, 2012.
31
10K
5089
1,789
On October 7, 2015, the Company completed the transaction to acquire 100 percent interest in PMI Group, UK (Private Medicine Intermediaries). Cash consideration was paid on closing. There is no deferred or contingent consideration.
34
10K
2785
121
The adoption of SOP 03-1 in 2004 required a new modeling approach for estimating expected future gross profits that are used when determining the amortization of DAC. Because of this new modeling approach, effective January 1, 2004, the variable annuity DAC and DSI assets were reduced by $10.7 million. This reduction w...
65
10K
PowszechnyZakladUbezpieczenSA-AR_2015
2,109
According to good practices, all PZU’s employees have equal opportunities. This rule serves as the foundation for our relations. It involves all processes – from recruitment, through evaluation of results, promotions, professional development, to attendance in training courses. Our employees have equal opportunities an...
64
annual_report
2312
553
Our business is subject to extensive regulation, which limits our operating flexibility and could negatively impact our financial results.
19
10K
NatixisSA-AR_2017
5,839
Financing, guarantee, securities and derivative commitments(a) 275 (138) 137 225 (141) 84
12
annual_report
4652
2,813
In 2009 the Company completed the sale of its mutual fund and banking operations in Mexico. Included within the table above for the year ended December 31, 2010 is $6 million pre-tax gains recorded in connection with the sale of this business.
42
10K
AvivaPLC-AR_2019
669
• During 2019, the FCA published their GI Pricing Market Study Interim Report. We have provided a comprehensive response to this outlining our recommended solution and the action we have already taken. We are broadly supportive of tackling the issues raised, including protecting vulnerable customers and highlighted our...
53
annual_report
fr_axa-AR_2004
2,669
Other derivatives instruments on insurance and investment contracts (1) (76) (47) 224 3 147 (44)
15
annual_report
5501
2,221
Allocated equity is the portion of common stockholders’ equity that management allocates to each of its segments and sub-segments. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations - Executive Summary - Overview” and Note 2 of the Notes to the Consolidated and Combined Financial...
63
10K
BaloiseHoldingLtd-AR_2010
750
71Corporate�Governance Corporate�Governance�Report including�Compensation�Report 5.10. remuneration to the members of the Board of directors (not including chairman)
16
annual_report
4655
1,776
Changes in estimates of claim and allocated claim adjustment expense reserves and premium accruals, net of reinsurance, for prior years are defined as net prior year development. These changes can be favorable or unfavorable. The following tables and discussion include the net prior year development recorded for CNA Sp...
134
10K
HiscoxLtd-AR_2014
488
Governance Hiscox Ltd Report and Accounts 2014 encourages employees to raise any concerns relating to malpractice or wrongdoing without threat of unfair treatment as a result. If an employee has a serious concern relating to the operation of the business, we have a whistleblowing policy that enables that person to conf...
107
annual_report
4691
527
The Company leases certain office equipment with combined monthly payments of approximately $465 that have varying remaining terms of less than five years. The Company leases office, parking and storage space under month-to-month lease arrangements that approximate $3,844 each month.
40
10K
HelvetiaHoldingAG-AR_2013
1,334
Impairment of tangible and intangible assets affecting income – – 0.0 – 0.6 – – – – 0.0 – 0.6
20
annual_report
3878
2,944
Excludes Equitas gross reinsurance assets that are unrated, which are less than five percent of AIG’s general reinsurance assets.
19
10K
StandardLifeAberdeenPLC-AR_2020
596
In his executive career Jonathan worked at Morgan Grenfell for 18 years, rising to become group finance director of Morgan Grenfell Group, before going on to take the roles of chief financial officer and chief operating officer at Deutsche Morgan Grenfell. From 2002 to 2008 he was a director of Schroders plc, during wh...
65
annual_report
2858
1,131
For the Twelve months ended December 31, 2005 Compared to the Twelve months ended December 31,
16
10K
5602
6,596
Market interest rates increased in 2018, which resulted in a $8.3 billion decrease in the unrealized appreciation of fixed maturity securities held to support businesses in the Life and Retirement companies at December 31, 2018 compared to December 31, 2017. At December 31, 2018, the shadow Investment-Oriented Adjustme...
81
10K
1911
341
Premiums are recognized as revenue when due. Premiums for contracts with a limited number of premium payments, due over a significantly shorter period than the period over which benefits are provided, are considered income when due. The portion of premium which is not required to provide for benefits and expenses is de...
65
10K
5816
306
Interest expense decreased $0.5 million, or 24.4%, in 2020 as compared to 2019 due to a decrease in the average London Interbank Offered Rate (“LIBOR”) during the years ending 2020 and 2019, respectively, as the interest rates on the Company’s outstanding junior subordinated deferrable interest debentures (“Junior Subo...
54
10K
PosteItalianeSpA-AR_2020
2,218
Equity amounted to €7,239 million and increased by €911 million mainly in relation to changes in the fair value reserve (+€1,215 million), which reflect the fluctuations (positive and/or negative) in the valuation of investments classified as FVTOCI as well as the net profit for the year of €325 million. These increase...
99
annual_report
NatwestGroupPLC-AR_2016
8,587
United Kingdom The Financial Trading Company Ltd FC 100 135 Bishopsgate, London, EC2M 3UR England United Kingdom The Mortgage Corporation FC 100 Group Secretariat, RBS Group plc., 1 Princes Street,
30
annual_report
5602
4,671
· Lower investment returns in our hedge fund portfolio and a decline in income from fixed maturity securities for which the fair value option was elected when compared to 2017 where returns were higher as a result of significant spread tightening that occurred, as well as negative performance of our fair value option e...
56
10K
1126
477
Since November 1997, Clark/Bardes has completed three acquisitions, is actively considering two more acquisitions and has a number of potential acquisitions under consideration at any point in time. Future acquisitions may require substantial financial expenditures which will need to be financed through cash from opera...
208
10K
5558
1,741
The SPC dividend expense for the year ended December 31, 2017 represented a one-time $5.2 million pre-tax expense related to previously unrecognized SPC dividend expense for the cumulative earnings of unrelated parties that have owned SPCs at various times since 2003 within a Bermuda captive insurance operation. Histor...
98
10K
5508
469
We have audited the accompanying consolidated balance sheets of The National Security Group, Inc. as of December 31, 2018 and 2017 and the related consolidated statements of operations, comprehensive income (loss), changes in shareholders’ equity, and cash flows for the years then ended, and the related notes and finan...
122
10K
TopdanmarkAS-AR_2010
712
Profit per share, DKK 13 92.2 77.2 Profit per share, diluted DKK 13 91.7 77.0
15
annual_report
1368
557
We believe that our insurance subsidiaries' capital and surplus presently meet or exceed the requirements in all jurisdictions in which they are licensed. Our continued growth is dependent upon our ability to (1) continue marketing efforts to expand our historical markets, (2) continue to expand our network of agents a...
186
10K
3710
1,136
We obtain reinsurance from a diverse group of reinsurers, and we monitor concentration as well as financial strength ratings of our principal reinsurers. Our reinsurance operations were acquired by Swiss Re in December 2001, through a series of indemnity reinsurance transactions. Swiss Re represents our largest reinsur...
200
10K
StorebrandASA-AR_2006
2,033
Total equity capital and liabilities 9 597.8 9 900.4 11 441.0
11
annual_report
5568
1,147
Our Marine operating segment recognized $0.8 million of Net Prior AY Reserve Releases including $1.6 million of net catastrophe loss release primarily related to the Hurricane events that occurred in the third quarter of 2017, partially offset by reserve strengthening due to worse than expected loss emergence in our Cr...
81
10K
INGGroepNV-AR_2012
861
Market and other impacts improved to EUR 29 million, from EUR –36 million in 2011, primarily due to net favourable DAC unlocking in the third quarter related to model refinements and assumption updates, largely in Annuities.
36
annual_report
nl_ing_grp-AR_2018
6,362
Adverse publicity, claims and allegations, litigation and regulatory investigations and sanctions may have a material adverse effect on our business, revenues, results of operations, financial condition and/or prospects.
28
annual_report
5899
891
Mercury General Corporation ("Mercury General") and its subsidiaries (referred to herein collectively as the "Company") are primarily engaged in writing personal automobile insurance through 14 Insurance Companies in 11 states, principally California. The Company also writes homeowners, commercial automobile, commercia...
115
10K
5512
1,853
Fee income increased reflecting a 15% increase in Hartford Funds due to higher assets under management driven by market appreciation and positive net flows and the addition of Schroders funds in the fourth quarter of 2016. For a discussion of the Company's operating results by segment, see MD&A - Results of Operations ...
54
10K
620
287
The Seibels Bruce Group, Inc. ("SBIG", or the "Company") provides automobile, flood, and other property and casualty insurance services and products to customers located primarily in the southeastern United States. The Company's largest source of revenues derives from the Company's role as one of three servicing carrie...
233
10K
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2001
552
Rate increases in aviation business and the alternative markets segment ensured that premium income rose by 13.6% in the year under review. The clearly negative result is primarily attributable to the terrorist attack of 11th September, but it also reflects the state of the global economy and the ensuing company failur...
82
annual_report
NatixisSA-AR_2009
4,608
The method of accounting for fees and commissions received in respect of services or fi nancial instruments depends on the ultimate purpose of the services rendered and the method of accounting for the fi nancial instruments to which the service relates. Fees and commissions for one-off services, such as business-provi...
81
annual_report
GjensidigeForsikringASA-AR_2012
3,064
Today, the Board and the CEO have considered and approved the Board’s Report and the Annual Accounts for Gjensidige Forsikring ASA, the Group and the parent company, for the calendar year 2012 and as per 31 December 2012.
38
annual_report
5144
460
In early 2013, the Company began a proactive analysis of its in-force business to try to reconnect with lost customers and verify its customers are not deceased. In some instances, the Company found that the customer was indeed deceased, but no notification or claim was presented to the Company. During 2014, the Compan...
88
10K
ch_zurich_insurance_group-AR_2012
138
Farmers • Maintain top quartile growth performance among the 12 largest U.S. personal lines companies
15
annual_report
AegonNV-AR_2019
7,127
Other investments at fair value Tax credit investments Discounted cash flow Discount rate 435 6.5% 435 6.8% Investment funds Net asset value 3) n.a. 14 n.a. 24 n.a. Other Other n.a. 33 n.a. 34 n.a.
35
annual_report
AegonNV-AR_2000
1,574
D.G. Eustace, 64 (British), is Chairman of Smith+Nephew plc (London, UK) and former Vice-Chairman of Royal Philips Electronics N.V. He joined the Board in 1997; his current term will end in 2001. He is Chairman of the Audit Committee. He is a member of the Supervisory Board of three Dutch companies, among which Royal D...
60
annual_report
5150
2,043
In certain instances where the Company consolidates a VIE that was established as part of a loss mitigation negotiation settlement agreement that results in the termination of the original insured financial guaranty insurance or credit derivative contract the Company classifies the assets and liabilities of those VIEs ...
72
10K
NatwestGroupPLC-AR_2016
4,638
• The decrease in exposure in the Natural Resources sector is reflective of forbearance being granted to defaulted customers with provisions in the Oil & Gas sector given the sector’s challenges (refer to page 228 for further information). As the exposure measure is net of provisions, this reduced forborne exposure is ...
77
annual_report
4893
1,938
Cash provided by investing activities increased in 2013 as investments were sold to generate cash for the Company’s repurchase of its common shares. Cash and cash equivalents comprised 13.0% of total cash and invested assets at December 31, 2013. The financing activities in 2013 include the $110.8 million to repurchase...
100
10K
1014
245
(e) Common Stock-There were 500,000,000 shares of common stock authorized at December 31, 1998. At the same date, there were 100,000,000 shares of Class "B" common stock authorized but none were issued or outstanding. Class "B" common shares have the same rights as common shares except for being entitled to 1/10th of a...
56
10K
fr_axa-AR_2010
12,292
P & C, in support of the World Environment Day, introduced various green initiatives as well as awareness campaigns on
20
annual_report
fr_axa-AR_2016
10,264
Chart of Accounts (regulation ANC n° 2014-03 dated June 5, 2014).
11
annual_report
NatixisSA-AR_2002
3,028
CDC IXIS CAPITAL MARKETS SA F Chairman of Supervisory Board CDC IXIS SECURITIES SA F Permanent representative of CDC Finance-CDC IXIS
21
annual_report
StorebrandASA-AR_2017
2,557
Goodwill and other intangible assets with unde�ned useful economic lives are tested annually for impairment. Goodwill is allocated to the
20
annual_report
4122
2,021
Strengthened general liability reserves by $39 for accident years more than 20 years old, including $25 in Specialty Commercial. The Company has experienced an increase in defense costs for certain mass tort claims and, during 2007, the Company determined that the increase in defense costs was a sustained trend that re...
76
10K
AvivaPLC-AR_2020
1,683
It noted the impact of the global pandemic and the decision to suspend the dividend in April, a decision based on prudence following conversations with regulators, rather than a question of affordability. Consequently, the initial formulaic outcome against the 2020 bonus scorecard prior to any adjustments was determine...
57
annual_report
AegonNV-AR_2015
6,257
Debt securities are interest-paying bonds, debentures, notes, or money market instruments that are issued by governments or corporations. Debt securities are issued with a promise of repayment on a certain date at a specified rate of interest.
37
annual_report
5364
776
Adjusted earnings increased $200 million in 2016 compared to 2015 primarily as a result of higher fees and other revenue in our Health Care segment.
25
10K
gb_prudential-AR_2013
726
Total asset management (inc. MMF) 11,587 18,281 (37) 148,212 133,502 11
11
annual_report
4240
604
We prepare our financial statements in accordance with GAAP, which requires the use of estimates and assumptions. The following accounting estimates are viewed by management to be critical because they require significant judgment on the part of management. Management has discussed and reviewed the development, selecti...
74
10K
5014
618
Net cash used by operating activities was $2,334,238 for 2014. The primary sources of cash from operating activities were primarily due to the amounts receivable from reinsurers. The primary uses of cash from operating activities were from payments of commissions to agents and settlement of policy liabilities. Net cash...
146
10K
PhoenixGroupHoldingsPLC-AR_2009
1,590
Non participating funds – any available surplus held in these funds is attributable to owners. Capital within the non participating funds may be made available to meet capital requirements elsewhere in the Group subject to meeting regulatory and legal requirements, and after consideration of the internal capital requir...
75
annual_report
1473
1,080
F. COST IN EXCESS OF NET ASSETS ACQUIRED Amortization expense for the excess of cost over net assets of purchased subsidiaries was $17.2 million in 2000, $14.3 million in 1999 and $11.9 million in 1998. At December 31, 2000 and 1999, accumulated amortization amounted to approximately $168 million and $157 million, resp...
52
10K
4051
1,875
AIG enters into derivative arrangements to hedge the effect of changes in currency and interest rates associated with the fixed and floating rate and foreign currency denominated obligations issued under these programs. Some of these hedging relationships do not qualify for hedge accounting treatment and therefore crea...
74
10K
4203
643
In 2009, the Company renewed an annually renewable agreement with a commercial bank for a $1,000,000 working capital line of credit. In August 2010, the Company renewed the working capital line of credit for $915,000 with interest payable at a variable rate of LIBOR plus 2.50%. The $915,000 working capital line of cred...
131
10K
DirectLineInsuranceGroupPLC-AR_2020
678
Our established five pillar sustainability strategy, underpinned by our vision and purpose, has given the Group confidence when responding to the unforeseen circumstances of 2020. By aiming to be a force for good and giving people peace of mind we have tried at all times to deliver on our ambition of doing the right th...
60
annual_report
4931
655
We recorded a $4.2 million pretax loss on extinguishment of debt as a result of the refinancing on September 30, 2013. The $4.2 million debt extinguishment loss resulted from the write-off of $2.2 million of deferred debt issuance costs and unamortized discount relating to the senior secured credit facility effective J...
63
10K
4081
1,036
In June 2008, the FASB issued FSP EITF 03-6-1, Determining Whether Instruments Granted in Share-Based Payment Transactions Are Participating Securities (codified into ASC Topic 260, Earnings per Share). The standard clarified that all outstanding share-based payment awards that contain a right to receive nonforfeitable...
119
10K
5831
1,843
Significant assumptions on which the Company's estimates of reserves for direct COVID-19 losses and loss adjustment expenses are based include:
20
10K
AegonNV-AR_2007
1,155
AEGON operates a Currency Risk Policy under which direct currency speculation or program trading by country units is not allowed unless explicit approval has been granted by the Group Risk and Capital Committee.
33
annual_report
1445
952
The increase in other assets is due primarily to a $79.6 million increase in transfers due from separate accounts. Transfers due from separate accounts represents policyholders’ account values in excess of statutory benefit reserves. This growth is consistent with the overall increase in separate account business in fo...
48
10K
4824
682
During 2013 and 2011, there were no claims that exceeded our $1.5 million reinsurance retention level. During 2012, there was one claim that exceeded our $1.5 million reinsurance retention level.
30
10K
SwissReAG-AR_1976
251
In the United States, a more favourable loss experience and higher premiums in insurance and reinsurance led to a clear improvement of results. The North American Reinsurance Corporation, New York, was able to reduce its underwriting loss in the year under report from US I 19.9 million to US I 4.1 million. On the other...
108
annual_report
2484
858
(1) AFLIAC’s Total Adjusted Capital includes $207.7 million related to its subsidiary, FAFLIC, and is reported net of the $75.0 million dividend declared to the holding company in December 2004.
30
10K
GjensidigeForsikringASA-AR_2011
685
earned preMiUMs The sum of premiums from all insurance contracts in a given period (the consideration period). If the contract period for an insurance policy deviates from the consideration period, only the portion of the premium that coincides with the consideration period will be included. Earned premiums are calcula...
73
annual_report
5634
10,442
Amortization expense of intangible assets for the next five years and thereafter
12
10K
5701
573
General insurance underwriting/service profitability, gauged by the composite underwriting ratios, declined slightly in 2019. Revenue-wise earned premiums edged up in mid single digits in both 2019 and 2018. With few exceptions, premiums grew for most types of coverages and markets served. The largest contributions pri...
112
10K
NatixisSA-AR_2015
5,743
Net charge to/reversal of insurance companies’technical reserves (1,830) (1,830) (2,212) (2,212)
11
annual_report
1965
322
Total benefits and expenses increased to $2.4 billion in 2002 from $2.3 billion in 2001. The largest component of expenses, interest credited to policyholder accounts for universal life-type insurance and investment contracts, increased 2% to $1.2 billion, reflecting the growth in fixed annuities in force and the effec...
297
10K
2060
589
During the transition to the new credit facility, we were required to be in compliance with covenants pertaining to the ratio of consolidated debt to capital, consolidated GAAP net worth and risk-based capital. As of December 31, 2002, we were in compliance with all required covenants.
46
10K
5603
557
The Other Agencies distribution channels offering life insurance include the Military Agency, the UA Independent Agency (which predominantly writes health insurance), and various smaller distribution channels. The Other Agencies contributed $217 million of life premium income, or 9% of Torchmark’s total in 2018, but co...
53
10K
StorebrandASA-AR_2005
466
Knut G. Heje (55), President and CEO, Agra Group, MBA, member of the Board’s Audit Committee
16
annual_report
StandardLifeAberdeenPLC-AR_2019
3,438
Limitations The sensitivity of the Group’s profit after tax and equity may be non-linear and larger or smaller impacts should not be derived from these results.
26
annual_report
1048
277
Intangible assets include acquired licenses to operate within various counties and the cost in excess of net assets acquired in connection with the ATC acquisition. Intangibles are amortized on a straight-line basis over a composite life of 25 years. Impairment of intangible assets is monitored on a continual basis and...
73
10K
BeazleyPLC-AR_2016
1,604
6. We have nothing to report on the disclosures of principal risks Based on the knowledge we acquired during our audit, we have nothing material to add or draw attention to in relation to: • the directors’ statement of viability on pages 55 to 57 concerning the principal risks, their management, and, based on that, the...
93
annual_report
PhoenixGroupHoldingsPLC-AR_2020
1,918
• By providing the Board with detailed plans and implementation roadmaps for driving the execution of strategic plans for expansion of our Open and BPA businesses, the Directors were able to consider and monitor potential impacts on the Group’s reputation for high standards of business conduct and ensure that high stan...
66
annual_report
ScorSE-AR_2013
947
SCOR’s diversified property catastrophe portfolios in specific countries. This agreement will be accounted for as reinsurance contract in 2014.
19
annual_report
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2016
1,651
Only derivatives with a negative fair value are currently recognised at fair value. Of these, we allocate the derivative portions to level 3 of the fair value hierarchy.
28
annual_report
118
434
At the 1995 Annual Meeting of Stockholders, the Company intends to submit for stockholder approval four new compensation plans. The plans to be submitted for stockholder approval are: (1) the 1995 Long-Term Incentive Plan (1995 Plan) to provide for compensation of executive officers and other
45
10K
StandardLifeAberdeenPLC-AR_2016
463
Portfolios were positioned for a modest recovery in economic growth. Market volatility, initially in China but more latterly in response to the result of the UK’s referendum on EU membership, undermined investor confidence, boosting prices for defensive assets at the expense of more growth orientated stocks. Performanc...
75
annual_report
Sampoplc-AR_2007
2,605
Holdings exceeding eurm 5 and holdings in listed companies exceeding fi ve per cent specifi ed.
16
annual_report
GjensidigeForsikringASA-AR_2019
943
Earned premiums 1,405.8 1,569.2 Claims incurred etc. (1,058.6) (1,231.7) Operating expenses (271.3) (259.3) Underwriting result 75.9 78.2
17
annual_report
nl_ing_grp-AR_2017
188
ING had more than 100 fintech partners by the end of 2017, 21 of which ING invested in.
18
annual_report
ScorSE-AR_2011
5,968
Reinsurance contract written to protect the ceding company from all or part of claims in excess of a specified amount retained (priority). This generally takes the form of Excess of Loss (or XL) or excess of annual loss reinsurance.
39
annual_report
5385
643
(1) Includes excise tax related to cessions from the Company’s Commercial Lines to its Reinsurance Operations of $0.7 million, $0.8 million, and $1.0 million for the years ended December 31, 2017, 2016, and 2015, respectively.
35
10K
de_allianz-AR_2008
1,496
To calculate internal risk capital using the VaR approach at the Allianz Group level, we assume a confidence level of 99.97 % and a holding period of one year, which is assumed to be equivalent to an “AA” rating of Standard & Poor’s. We apply a holding period of one year because it is generally assumed that it may take...
77
annual_report
4061
1,057
Net cash received from premiums was $207.6 million during 2009 compared to $274.7 million in 2008. This decrease is due to the overall decline in insurance in force as well as premium refunds related to rescission activity. Premium refunds were $46.1 million in 2009 compared to $10.3 million in 2008. We anticipate more...
55
10K
LloydsBankingGroupPLC-AR_2013
2,692
Fees for chairing the Finance Inclusion Committee (a non-Board level committee).
11
annual_report