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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 was recognized as a component of cumulative effect of a change in accounting principle. | 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 and potential – their gender, age, proficiency, religious beliefs, political opinions, ethnic origin, sexual orientation, and form of employment are insignificant. | 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 progress on safeguarding and AvivaPlus. | 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 Statements for further details regarding allocated equity and the use of an internal capital model. | 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 Specialty, CNA Commercial and Other segments for the years ended December 31, 2012, 2011 and 2010. The net prior year development presented below includes premium development due to its direct relationship to claim and claim adjustment expense reserve development. The net prior year development presented below also includes the impact of commutations and write-offs, but excludes the impact of increases or decreases in the allowance for doubtful accounts on reinsurance receivables. See Note 16 for further discussion of the allowance for doubtful accounts on reinsurance receivables. | 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 confidentially raise their misgivings with Group Compliance and Audit Director, Chief Executive or Chairman. Employees also have the option to raise a concern with the Chairman of the Audit Committee. Hiscox also subscribes to Public Concern at Work, which provides free legal advice to any employee with a concern about possible danger or malpractice in the workplace. | 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 which time he was chief financial officer and later executive vice chairman. | 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 Adjustments reflected increases in DAC and unearned revenues and a decrease in future policy benefit liabilities compared to December 31, 2017, while the shadow Loss Adjustments reflected a decrease in future policy benefit liabilities. | 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 deferred and recognized in income in a constant relationship to insurance benefits in force. | 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 Subordinated Debentures”) are directly related to LIBOR. | 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 increases in Equity were partially offset by a dividend distribution of the dividend balance for 2019 profit for €402 million and interim payment of a portion of the regular dividend scheduled for 2020. The interim dividend of €211 million was distributed on 25 November 2020 (unit dividend of €0.162). | 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 equity securities portfolio. | 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 operations as well as future debt and equity offerings by Clark/Bardes. An acquisition may not produce the revenue, earnings or business that Clark/Bardes anticipated and which is paid for. Furthermore, there can be no assurance that a business acquired in the future will even achieve acceptable levels of revenue and profitability. Accordingly, acquisition efforts may not succeed, and the time capital and management and other resources spent on an acquisition that fails to meet Clark/Bardes' expectations could cause Clark/Bardes' business, results of operations and financial condition to be materially affected. In addition, acquisitions involve numerous other risks, including: (i) the diversion of management's time and attention to the negotiation of the acquisition and to the assimilation of the businesses acquired, (ii) the need to modify financial and other systems and add management resources, (iii) the potential liabilities of the acquired businesses, (iv) unforeseen difficulties in the acquired operations, and (v) the possible adverse short-term effects on Clark/Bardes' business, financial condition and results of operations. | 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. Historically, within our HCPL business, we have written a limited number of segregated cell captive programs through this Bermuda captive arrangement and the use of this facility declined as the HCPL insurance market has softened. The SPC dividend expense attributable to those cells was unrelated to our Cayman Islands captive operations. | 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 financial statement schedules I, II, III, IV and V (collectively referred to as the consolidated financial statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of The National Security Group, Inc. as of December 31, 2018 and 2017, and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America. | 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 and effectively market our products in states where our insurance subsidiaries are currently licensed and (3) fund such marketing and expansion while at the same time maintaining minimum statutory levels of capital and surplus required to support such growth. Management believes that the funds necessary to accomplish the foregoing, including funds required to maintain adequate levels of statutory surplus in our insurance subsidiaries, can be met through 2000 by funds generated from non-insurance subsidiary dividends, current and future financial reinsurance transactions, off-shore reinsurance through Penn Treaty (Bermuda) and the availability of our line of credit facility. We expect future capital market activities will be necessary to support our ongoing growth, but continue to seek alternative measures. If alternative measures to support our growth are unsuccessful, we believe that additional capital would be required as early as 2001. | 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 reinsurance exposure. Under the indemnity reinsurance agreements, Swiss Re reinsured certain of our liabilities and obligations. As we are not relieved of our legal liability to the ceding companies, the liabilities and obligations associated with the reinsured contracts remain on our Consolidated Balance Sheets with a corresponding reinsurance receivable from Swiss Re, which totaled $4.5 billion as of December 31, 2008. Swiss Re has funded a trust, with a balance of $1.9 billion as of December 31, 2008, to support this business. In addition to various remedies that we would have in the event of a default by Swiss Re, we continue to hold assets in support of certain of the transferred reserves. These assets consist of those reported as trading securities and certain mortgage loans. Our liabilities for funds withheld and embedded derivatives as of December 31, 2008, included $2.0 billion and $9 million, respectively, related to the business reinsured by Swiss Re. | 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 Craft product. This compares to $1.7 million of Net Prior AY Reserve Strengthening for the same period in 2017 due to unfavorable development on large loss activity within our Cargo product line. | 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, commercial property, mechanical protection, fire, and umbrella insurance. The private passenger automobile line of insurance business was more than 70% of the Company’s direct premiums written in 2020, 2019, and 2018, and approximately 88%, 88%, and 87% of the private passenger automobile premiums were written in California in 2020, 2019, and 2018, respectively. Premiums written represents the premiums charged on policies issued during a fiscal period, which is a statutory measure designed to determine production levels. | 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 by segment. | 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 carriers for the South Carolina Reinsurance Facility (the "SC Facility"), a state-sponsored plan for insuring South Carolina drivers outside of the voluntary market. The Company also is a leading provider, and an original participant, in the National Flood Insurance Program (the "NFIP"), a flood insurance program administered by the federal government. As a servicing carrier for the Facility and the NFIP, the Company receives commissions and fees, but reinsures all of the underwriting risk. The Company provides other fee-based services, including services in its capacity as a managing general agent ("MGA") for commercial insurance policies underwritten by unaffiliated insurance companies, catastrophic claims services, excess and surplus lines brokerage services and liability run-off management services. Recently, the Company began marketing and underwriting nonstandard automobile insurance on a risk-bearing basis. In the fourth quarter of 1997, the company purchased The Innovative Company ("Innovative") and its subsidiaries Universal Insurance Company ("Universal") and Premium Budget Plan ("PBP"). Universal is a nonstandard automobile insurance company headquartered in North Carolina. PBP is a premium finance company also located in North Carolina. Only one month's operations of Innovative is included in the financial statements. | 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 failures, which had a knock-on effect on credit insurance in particular. Results were also hit by the high loss ratio in space reinsurance, where the risk of random fluctuations made itself felt. | 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-provider commission, are recognized in income as soon as the service is provided. Fees and commissions for ongoing services such as guarantee commissions or management fees are recognized over the service period. | 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 Company paid approximately $1.2 million in death claim benefits as a result of this action. This project was completed during the second quarter of 2014 and contributed to higher benefit expenses in 2014, compared to 2015. | 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 Dutch Airlines (KLM) and Royal KPN. | 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 in the line items that most accurately reflect the nature of the items, as opposed to within the FG VIE assets and FG VIE liabilities. | 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 not reported in the table above. On a gross basis, the level of forbearance granted to customers in the Natural Resources sector was consistent with 2015. | 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 the Company’s common shares. Also, the Company drew $43.0 million on its new senior revolving credit facility to repay the $20.0 million balance outstanding on its previous credit facility and to repay the $22.2 million of promissory notes issued in conjunction with the repurchase of our shares in April 2013. | 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 vote per share. | 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 resulted in an increase in reserves. The $39 reserve strengthening represented 2% of the Company’s net reserves for general liability claims as of December 31, 2006. | 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 determined to be 116.55% (out of a maximum of 200%). | 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, selection, and disclosure of critical accounting estimates with the Company’s Audit Committee. Financial results could be materially different if other methodologies were used or if management modified its assumptions. | 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 used in investing activities was $1,302,128. The primary source of cash was from sales of available for sale securities, the sale of equity securities carried at cost and the sale of the short-term investments. Offsetting this source of cash was our purchases of investments in available-for-sale securities, the net change in policy loans and the purchase of property and equipment. Net cash provided by financing activities was $2,568,435. The primary source of cash was receipts on deposit-type contracts and issuance of preferred stock. These were offset by transfers from noncontrolling interest and small repurchases of common stock. | 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 requirements of the relevant fund and company. Any transfer of surplus may give rise to a tax charge subject to availability of tax relief elsewhere in the Group. | 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, respectively. | 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 create volatility in operating results despite being effective economic hedges. Further, the MIP invests in short single name credit default swaps in order to obtain unfunded credit exposure. | 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 credit renewal expires in August 2011. Interest was payable at a variable rate of LIBOR plus 2.50% and was 2.88% at December 31, 2010. The Company did not have any interest expense for the line of credit for the years ended December 31, 2010, 2009 and 2008. As of December 31, 2010 and 2009, there was no amount outstanding on this line of credit. In addition, we obtained an irrevocable letter of credit for $85,000 with interest payable on | 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 thing for all of our stakeholders. | 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 January 2007, $1.4 million of legal fees and a $0.6 million prepayment premium. | 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 dividends participate in the undistributed earnings with common shareholders, and therefore, the issuing entity is required to apply the two-class method of computing basic and diluted earnings per share. No. 128, Earnings per Share (codified into ASC Topic 260, Earnings per Share). The Company adopted the standard on January 1, 2009 and applied its provision retrospectively. The adoption of the new standard did not have a material impact on the financial statements of the Company. | 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 force. | 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 hand, the Canadian Relnsuranoe Company, Toronto, showed a slightly higher underwriting loss. In the Liability branches, with run-off periods lasting several years, the effects of claims inflation, which were commented on in previous years, persisted and continue to impair underwriting results. Remedial measures were there fore continued undiminished in the year under report. | 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 calculated on the basis of the date when the premium is recognised as earned in the income statement, regardless of when the premium is paid. | 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 principally stemmed from commercial automobile (trucking), national accounts, and executive indemnity coverages. The cumulative effects of recent years' and ongoing premium rate increases for most insurance products, other than workers' compensation coverages, along with new business production were main factors in top line growth. Net investment income growth was principally driven by a moderately higher invested asset base with dividends from equity security investments providing the greatest gain. | 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 effect of less depreciation in the S&P 500 on equity indexed annuities, despite lower interest crediting rates from the lower interest rate environment. The $56 million increase in total death and other benefits reflects higher insurance claims and a significant increase in guaranteed minimum death benefits on variable annuity contracts with $37 million expensed in 2002 versus $16 million in 2001. 2001's results also include an $11 million charge for anticipated insured loss claims from the September 11th terrorist attacks while 2002 results include a $7 million reversal of a portion of these reserves as a result of lower than anticipated insured loss claims. Deferred acquisition costs (DAC) of $3.3 billion and $3.1 billion are on the Company's balance sheet at December 31, 2002 and 2001, respectively. These balances are approximately $1.7 billion related to life and health insurance and $1.6 billion to annuities. In 2001, approximately $1.6 billion related to life and health insurance and $1.5 billion to annuities. Amortization of DAC decreased to $312 million in 2002, compared to $371 million in 2001. The decrease in 2002's amortization was primarily from the $67 million amortization increase in the first quarter of 2001 of DAC for variable annuity and insurance products as a result of the significant decline in equity-based separate account values and the associated fee revenues. In addition, during the third quarter of 2002 the Company completed a comprehensive review of its DAC related practices that resulted in a net increase in DAC amortization, as described below. | 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 contributed only 3% of net sales for the year. | 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 is assessed based on an analysis of the cash flows generated by the underlying assets. No impairment of intangible assets has been recognized. | 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 directors’ assessment and expectations of the group’s continuing in operation over the 3 years to 2019; or • the disclosures in note 1 of the financial statements concerning the use of the going concern basis of accounting. | 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 standards of business conduct and governance standards were maintained following the decision to enable such expansion. | 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. Performance did, however, stage a late recovery as investors regained their appetite for risk assets. However, this rebound was insufficient to offset the losses from earlier in the year. | 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 up to one year to identify a counterparty to whom to transfer the liabilities in our portfolio. | 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 refunds of | 55 | 10K |
LloydsBankingGroupPLC-AR_2013 | 2,692 | Fees for chairing the Finance Inclusion Committee (a non-Board level committee). | 11 | annual_report |
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