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5872 | 645 | Organic Revenues (a non-GAAP measure) - For the brokerage segment, organic change in base commission and fee revenues, supplemental revenues and contingent revenues excludes the first twelve months of such revenues generated from acquisitions and such revenues related to divested operations in each year presented. These revenues are excluded from organic revenues in order to help interested persons analyze the revenue growth associated with the operations that were a part of our business in both the current and prior year. In addition, organic change in base commission and fee revenues, supplemental revenues and contingent revenues exclude the period-over-period impact of foreign currency translation. For the risk management segment, organic change in fee revenues excludes the first twelve months of fee revenues generated from acquisitions and the fee revenues related to operations disposed of in each year presented. In addition, change in organic growth excludes the period-over-period impact of foreign currency translation to improve the comparability of our results between periods by eliminating the impact of the items that have a high degree of variability, or are due to the limited-time nature of these revenue sources. | 185 | 10K |
5265 | 2,620 | The Company considers the applicability and impact of all ASU. ASU listed below include those that have been adopted during the current fiscal year and/or those that have been issued but not yet adopted as of the date of this filing. ASU not listed below were assessed and determined to be either not applicable or not material. | 57 | 10K |
3247 | 1,386 | Gross margin increased 13.8% in 2006 compared to 2005 due to increased investment and benefit margin, partially offset by lower contract charges and fees. The decline in contract charges and fees was driven by the absence of contract charges on variable annuities that were reinsured effective June 1, 2006 in conjunction with the disposition of substantially all of our variable annuity business. Excluding the impact of the reinsurance of our variable annuity business, gross margin increased 18.0% in 2006 compared to 2005. Gross margin increased 17.0% in 2005 compared to 2004 due to higher investment margin and contract charges and fees, partially offset by lower benefit margin. Gross margin for 2005 includes additional contract benefits of $15 million that were accrued in accordance with a regulatory matter (see the "Proceedings" subsection of Note 11 to the financial statements for discussion of the settlement of this matter). | 146 | 10K |
AegonNV-AR_2013 | 4,821 | (2012: 2,642 million); as at that date no amounts had been drawn, or were due under these facilities; �� Due and punctual payment of payables due in relation to debt that was issued by a captive insurance company that is a subsidiary of | 43 | annual_report |
3309 | 2,317 | Coventry Health Care, Inc. (together with its subsidiaries, the “Company” or “Coventry”) is a diversified national managed health care company based in Bethesda, Maryland operating health plans, insurance companies, network rental and workers’ compensation services companies. Through its Commercial Business, Individual Consumer & Government Business and Specialty Business divisions, the Company provides a full range of risk and fee-based managed care products and services to a broad cross section of individuals, employer and government-funded groups, government agencies, and other insurance carriers and administrators. | 83 | 10K |
5340 | 15,929 | • Data excluded from tables: Information with respect to accident years older than ten years is excluded from the development tables. Unallocated loss adjustment expenses are also excluded. | 28 | 10K |
279 | 580 | Included in foreign currency translation adjustments are unrealized exchange gains of $85,000 in 1995 and $96,000 in 1994. | 18 | 10K |
NatwestGroupPLC-AR_2019 | 407 | • Risk Solutions House of the Year- Risk Awards 2020 awarded in November 2019 | 14 | annual_report |
gb_prudential-AR_2009 | 2,035 | iv Jackson operating results based on longer-term investment returns. IFRS basis operating profits for US operations include the following amounts (net of related change in amortisation of deferred acquisition costs, where applicable) so as to derive longer-term investment returns. | 39 | annual_report |
4554 | 1,199 | The Company uses foreign currency swaps to hedge a portion of its net investment in certain foreign operations against adverse movements in exchange rates. The following table illustrates the Company’s net investments in foreign operations (“NIFO”) hedges for the years ended December 31, 2012, 2011 and 2010 (dollars in thousands): | 50 | 10K |
2787 | 1,460 | The table below presents our loss development experience for the past three years. As can be seen in the table, the variability in loss estimates over the past three years has ranged from favorable development in an amount equal to 0.3% of title premiums to adverse development of 0.7% of title premiums with the average being unfavorable development of 0.4% over the three year period. Assuming that variability of potential reserve estimates is + or - 0.4%, the effect on pretax earnings would be as presented in the last line of the table. | 93 | 10K |
Sampoplc-AR_2017 | 3,743 | Sampo Group companies operate in business areas where specific features of value creation are the pricing of risks and the active management of risk portfolios in addition to sound client services. Hence common risk definitions are needed as a basis for business activities. | 43 | annual_report |
SwissReAG-AR_1980 | 313 | Adjustment in policy and annuity valuations -160 -185 -345 -223 interest on Life assurance and annuity fund 74 108 182 153 | 21 | annual_report |
2838 | 668 | Trading at a significant (25 percent or more) discount to par, amortized cost (if lower) or cost for an extended period of time (nine months or longer); | 27 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2010 | 415 | Remuneration in kind/fringe benefits Remuneration in kind and fringe benefits are granted according to function, and are commensurate with market conditions (DaX 30 companies). income tax on the benefits in question is paid individually for each member of the Board of Management, with the company bearing the amount due. Remuneration in kind and fringe benefits are valued on the basis of expenditure for disclosure in the annual report. | 68 | annual_report |
INGGroepNV-AR_2006 | 2,209 | ING Bank’s risk costs continued to be low in 2006, as a result of the low infl ow of new problem loans and continued improvement of the average risk profi le of our credit portfolio refl ecting both the strength of the economy in our core markets in wholesale and the low risk growth strategy in Retail Banking and ING Direct. | 61 | annual_report |
DirectLineInsuranceGroupPLC-AR_2013 | 1,823 | • LTIP – consists of the face value of awards (200% of salary) | 13 | annual_report |
NatixisSA-AR_2016 | 1,872 | Norbert Cron (Operations and Information Systems), Anne Lebel Financial Services), Jean Cheval (Finance and Risks), | 15 | annual_report |
PowszechnyZakladUbezpieczenSA-AR_2020 | 1,420 | 2.7% of assets (versus 3.3% at the end of 2019) were noncurrent assets – in the form of intangible assets, goodwill and property, plant and equipment. They amounted to PLN 10,170 million and were down PLN 1,250 million versus the end of 2019. The decrease resulted, among others, from the impairment loss on goodwill arising from the acquisition of Alior Bank (PLN 746 million) and Bank Pekao (PLN 555 million) and the impairment loss on assets arising from the acquisition of Alior Bank (PLN 161 million). | 86 | annual_report |
2293 | 1,428 | AIG is not exposed to any significant credit concentration risk of a single or group nongovernmental issuer. | 17 | 10K |
NNGroupNV-AR_2018 | 125 | 2 Excluding health and broker business. 3 Percentages based on total operating result before tax of the ongoing business (EUR 1,626m) | 21 | annual_report |
LloydsBankingGroupPLC-AR_2010 | 664 | The Group made excellent progress on reducing its liquidity support from governmental and central bank sources, achieving reductions of £60.6 billion in 2010 leaving £96.6 billion outstanding at the year end. The Group currently receives no liquidity support from either the US Federal Reserve or the European Central Bank. The drawings from the UK Special Liquidity Scheme facilities and the issuance under the UK Credit Guarantee Scheme have various maturity dates, the last of which is in the fourth quarter of 2012. The Group is confident that all maturities can be met, and a further £13 billion of government and central bank facilities have been repaid since the year end. | 110 | annual_report |
ScorSE-AR_2017 | 4,901 | Information given in the Management Report and of the Other Documents Provided to Shareholders with respect to the financial position and the financial statements | 24 | annual_report |
RSAInsuranceGroupPLC-AR_2009 | 735 | Executive Directors, members of the Executive Team and the Top 100 will be eligible for awards of Matching Shares. | 19 | annual_report |
5251 | 3,015 | XL-Bermuda conducts global operations through its subsidiaries in various jurisdictions around the world, including but not limited to Bermuda, the U.S., the U.K., Switzerland, Ireland, Germany, Italy, Spain, and France. The Company is subject to tax in accordance with the relevant tax laws and regulations governing taxation in the jurisdictions in which it operates. | 54 | 10K |
5571 | 2,562 | Business Growth. Asia’s premiums, fees and other revenues remained flat compared to 2017 as growth in our foreign currency-denominated life and accident & health products was offset by the decline in yen-denominated life products in Japan. Changes in premiums from these products were partially offset by related changes in policyholder benefits. Positive net flows in Japan and Korea resulted in higher average invested assets, which improved net investment income. Business growth also drove an increase in commissions and other variable expenses, which were partially offset by higher DAC capitalization. The combined impact of the items affecting our business growth improved adjusted earnings by $109 million. | 105 | 10K |
NatixisSA-AR_2007 | 7,414 | Share of income of associates 653 11 7 0 1 0 672 | 12 | annual_report |
StandardLifeAberdeenPLC-AR_2018 | 2,340 | A full list of the Company’s subsidiaries is provided in Note 49. | 12 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006 | 1,565 | Operational risks Operational risks comprise the risks of losses as a result of inadequate processes, technical failure, human error or external events. These include criminal acts committed by employees or third parties, insider trading, infringements of antitrust law, business interruptions, inaccurate processing of transactions, non-compliance with reporting obligations or disagreements with business partners. | 53 | annual_report |
ScorSE-AR_2008 | 2,367 | Claims supporting capital managed is comprised of the following: In EUR million | 12 | annual_report |
4208 | 7,464 | For the three most recent calendar years, the above table indicates that the one-year development of consolidated reserves at the beginning of each year produced average favorable annual developments of 2.7%. The Company believes that the factors most responsible, in varying and continually changing degrees, for reserve redundancies or deficiencies include, as to mortgage guaranty and the CCI coverage, differences in originally estimated salvage and subrogation recoveries, sales and prices of homes that can impact claim costs upon the disposition of foreclosed properties, changes in regional or local economic conditions and employment levels, greater numbers of coverage rescissions and claims denials due to material misrepresentation in key underwriting information or non-compliance with prescribed underwriting guidelines, the extent of loan refinancing activity that can reduce the period of time over which a policy remains at risk, and lower than expected frequencies of claims incurred but not reported. As to many general insurance coverages, changes in reserve adequacy or deficiency result from the effect of reserve discounts applicable to workers’ compensation claims, higher than expected severity of litigated claims in particular, governmental or judicially imposed retroactive conditions in the settlement of claims such as noted above in regard to black lung disease claims, greater than anticipated inflation rates applicable to repairs and the medical portion of claims in particular, and higher than expected claims incurred but not reported due to the slower and highly volatile emergence patterns applicable to certain types of claims such as those stemming from litigated, assumed reinsurance, or the A&E types of claims noted above. | 257 | 10K |
NatwestGroupPLC-AR_2008 | 498 | Note: (1) Pro forma excludes credit market write-downs and one-off items. | 11 | annual_report |
PowszechnyZakladUbezpieczenSA-AR_2011 | 874 | The outward reinsurance contracts concluded by PZU Życie serve to protect the portfolio of PZU Życie against the accumulation of risks (catastrophe contract), the protection of individual insurance policies with higher insurance sums and the protection of the group insurance portfolio covering the serious illness of a child. | 48 | annual_report |
5888 | 1,725 | A-A Mortgage - We have an equity method investment of $444 million and $487 million as of December 31, 2020 and 2019, respectively, in A-A Mortgage, which has an investment in AmeriHome. We have a loan purchase agreement with AmeriHome. The agreement allows us to purchase residential mortgage loans which AmeriHome has purchased from correspondent sellers and pooled for sale in the secondary market. AmeriHome retains the servicing rights to the sold loans. We purchased $169 million, $411 million and $722 million of residential mortgage loans under this agreement during the years ended December 31, 2020, 2019 and 2018, respectively. Additionally, we hold investments issued by AmeriHome or AmeriHome affiliates of $360 million and $170 million as of December 31, 2020 and 2019, respectively, which are included in related party AFS securities on the consolidated balances sheets. We also have commitments to make additional equity investments in A-A Mortgage of $381 million as of December 31, 2020. On February 16, 2021, Apollo, Athene and AmeriHome announced the sale of AmeriHome to a subsidiary of Western Alliance Bancorporation. We currently anticipate that this transaction will close during the second quarter of 2021, subject to customary closing conditions. We estimate approximately $175 million of revenue from the premium of the platform sale, net of carry and transaction expenses. | 216 | 10K |
3162 | 249 | The Company has maintained its portfolio of fixed maturity securities at an increasingly short-term level during the past several years as long-term interest rates were not considered to be sufficiently attractive to commit funds for extended periods. Since most of the Company's investments fell into the short end of the range, the increase in rates was instantly accretive, with pre-tax net investment income increasing $2.6 million (21%) during 2005. The impact on the fourth quarter was even more pronounced, with a 35% increase in pre-tax investment income compared to 2004. The average pre-tax yield on invested assets increased to 3.3% from 2.9% during 2004 (13%) and the after-tax yield of 2.4% compares to 2.2% in 2004. In addition to higher yields, average invested assets increased over 5% during the year. | 130 | 10K |
HiscoxLtd-AR_2014 | 1,537 | Wages and salaries 108,622 101,780 Social security cost 19,551 20,498 Pension cost – defined contribution 8,112 6,593 Pension cost – defined benefit 660 1,000 Share-based payments 14,439 12,523 Marketing expenses 31,829 30,550 Investment expenses 4,192 3,833 Depreciation, amortisation and impairment 12,857 9,650 Other expenses 110,591 90,538 | 46 | annual_report |
GjensidigeForsikringASA-AR_2018 | 538 | All managers review the survey with their staff in cooperation with the HR department. Each department defines an action plan that is followed up by the respective managers. | 28 | annual_report |
ch_zurich_insurance_group-AR_2009 | 1,171 | Throughout 2008 and 2009, the Group and all its material, regulated subsidiaries complied with the applicable regulatory minimum capital requirements. | 20 | annual_report |
107 | 366 | Group insurance premiums are recognized as income over the period to which the premiums relate. Individual disability premiums are recognized as income when due. Benefits and expenses are associated with earned premiums to result in recognition of profits over the life of the contracts. This association is accomplished by recording a provision for future policy benefits and unpaid claims and claim expenses, and amortizing deferred policy acquisition costs. | 68 | 10K |
4906 | 510 | The other underwriting expense ratio in 2014 excludes $694,000 in transaction costs incurred in conjunction with the acquisition of Global Liberty. The other underwriting expense ratio in 2013 excludes $406,000 in transaction costs incurred in conjunction with the acquisition of Gateway. | 41 | 10K |
2716 | 1,898 | A quality distribution for fixed maturity securities at December 31, 2005 is set forth below: | 15 | 10K |
RSAInsuranceGroupPLC-AR_2010 | 20 | 04 RSA at a glance 06 What we do 08 Chairman’s statement 10 Group CEO’s review | 16 | annual_report |
5661 | 1,193 | We account for stock compensation in accordance with ASC 718, Compensation - Stock Compensation, which addresses accounting for share-based awards and recognition of compensation expense, measured using grant date fair value, over the requisite service or performance period of the award. Share-based compensation includes restricted stock units (RSUs) and stock option grants under our Stock Plans. We calculate the fair value of stock option grants using a Black-Scholes option pricing model, which takes into account various subjective assumptions. Key assumptions used in the model include the expected volatility of our stock price, dividend yield and the risk-free interest rate, as well as the expected option term, giving consideration to the contractual terms of any award. RSU grants may contain a service condition, or performance and service conditions. RSU grants are valued at our stock | 134 | 10K |
5316 | 763 | Commissions and other acquisition costs which vary with and are primarily related to the successful production of new business are deferred and amortized in a systematic manner based on the related contract revenues or gross profits as appropriate. Recoverability of deferred acquisition costs is evaluated periodically by comparing the current estimate of the present value of expected pretax future profits to the unamortized asset balance. If this current estimate is less than the existing balance, the difference is charged to expense. | 81 | 10K |
AssicurazioniGeneraliSpA-AR_2015 | 3,065 | The risk management is implemented through a specific ongoing process, which involves, with different roles and responsibilities, the Board of Directors, the Top Management and the operating and control structures both at Group and Company level. This is defined within the “Internal Control and Risk Management System”, annually approved by the Board of Directors of the Parent Company and, subsequently, by the Local Entities’ Boards5, taking into consideration local specificities and regulations. | 72 | annual_report |
fr_axa-AR_2000 | 1,950 | • an increase in debt relating to Alliance Capital and AXA Banque of €445 million and € 455 million, respectively. | 20 | annual_report |
4310 | 2,455 | Prior to the adoption of the OTTI guidance, the Company recognized in earnings an OTTI for a fixed maturity security in an unrealized loss position unless it could assert that it had both the intent and ability to hold the fixed maturity security for a period of time sufficient to allow for a recovery of estimated fair value to the security’s amortized cost. Also, prior to the adoption of this guidance, the entire difference between the fixed maturity security’s amortized cost basis and its estimated fair value was recognized in earnings if it was determined to have an OTTI. | 99 | 10K |
TrygAS-AR_2015 | 1,261 | Outstanding options from 2009-2011 allocation 31 Dec. 2014 113,450 132,860 20,590 266,900 5 14 | 14 | annual_report |
3950 | 1,867 | At December 31, 2008, the amortized cost and estimated fair value of actively managed fixed maturities and equity securities were as follows (dollars in millions): | 25 | 10K |
4924 | 851 | At December 31, 2014, our cash and cash equivalents totaled $51.4 million. Cash equivalents, which are comprised of financial instruments with an original maturity of 90 days or less from the date of purchase, primarily consist of money market funds. At December 31, 2013, our cash and cash equivalents totaled $107.1 million. The decrease in cash and cash equivalents reflects $50.0 million used to repurchase 1.4 million shares of common stock, $3.6 million used to purchase property and equipment and $4.5 million in cash for the purchase of the internet domain name, www.Medicare.com, partially offset by cash flows generated from operations. | 101 | 10K |
3986 | 2,958 | Futures contracts, both long and short, are entered into for purposes of hedging liabilities on fixed index and domestic variable annuity products with GMDB and living benefit features, with cash flows based on changes in equity indices. Certain futures are also utilized to hedge interest rate risk associated with these products. On the trade date, an initial cash margin is exchanged. Daily cash is exchanged to settle the daily variation margin. | 71 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2014 | 2,427 | Reinsurance Primary insurance % 31.12.2014 Prev. year 31.12.2014 Prev. year Up to one year 31.9 29.8 35.1 37.3 Over one year and up to five years 43.0 44.7 39.4 39.4 Over five years and up to ten years 13.6 14.3 14.3 13.3 Over ten years and up to fifteen years 5.4 5.4 5.6 4.9 | 54 | annual_report |
LloydsBankingGroupPLC-AR_2015 | 2,585 | Exposures to Eurozone countries are detailed in the following tables and are based on balance sheet exposures, net of provisions. Derivative balances are included within exposures to financial institutions or corporates, as appropriate, at fair value adjusted for master netting agreements at obligor level and net of cash collateral in line with legal agreements. Exposures in respect of reverse repurchase agreements are included on a gross IFRS basis and are disclosed based on the counterparty rather than the collateral (repos and stock lending are excluded); reverse repurchase exposures are not, therefore, reduced as a result of collateral held. Reverse repurchase exposures to Institutional funds secured by UK Gilts are excluded from all Eurozone exposures as detailed in the footnotes. Exposures to central clearing counterparties are shown net. | 127 | annual_report |
2003 | 352 | A summary of the impact of the HDC Program on the Company as of and for the year ended December 31, 2002 is as follows: | 25 | 10K |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2007 | 2,987 | No rating available 7.8 e_28_Anhang_230_241.indd 239e_28_Anhang_230_241.indd 239 07.03.2008 18:43:22 Uhr07.03.2008 18:43:22 Uhr | 12 | annual_report |
5272 | 748 | International Commissions, fees and other revenue was flat in 2016, as 3% organic revenue growth, driven by solid growth across every major region; including Asia, EMEA, and the Pacific, despite economic weakness in certain countries, was offset by a 3% impact from unfavorable foreign currency exchange rates. | 47 | 10K |
RaiffeisenBankInternationalAG-AR_2016 | 1,442 | The carrying amount of the securities reclassified into the category “held-to-maturity” amounted at the date of reclassifications to € 452,188 thousand. Thereof, reclassifications in 2008 amounted to € 371,686 thousand and in 2011 € 80,502 thousand. As of 31 December 2016, the carrying amount totaled € 3,314 thousand and the fair value totaled € 3,707 thousand. In 2016, a result from the reclassified securities of € 213 thousand (2015: € 557 thousand) was shown in the income statement. If the reclassification had not been made, a loss of € 78 thousand (2015: loss of € 355 thousand) would have arisen. | 100 | annual_report |
2126 | 266 | The amortized cost, gross unrealized gains and losses, and fair value for fixed income securities are as follows: | 18 | 10K |
1557 | 723 | A petition was filed on September 7, 2000 in state District Court located in Jasper, Texas asserting claims against Southwestern Life and its agent co-defendant on behalf of a purported class of persons who had an ownership interest in universal life insurance policies or interest-sensitive non-participating whole life insurance policies issued by Southwestern Life during the period from January 1, 1981 to the present and who were residents of the United States on the date(s) of issuance of such policy(ies). The petition alleges that Southwestern Life and/or its agent co-defendant committed, among other things, breach of contract, breach of fiduciary duty, breach of duty of good faith and fair dealing, negligent misrepresentation, unfair or deceptive acts, and fraud in connection with the sale of such policies, and seeks class certification, equitable relief and recovery of actual, statutory and punitive damages in unspecified amounts as well as costs and attorneys' fees. | 150 | 10K |
StorebrandASA-AR_2011 | 124 | Over 16,000 small and medium-sized enterprises offer occupational pensions from Storebrand. We know the needs of the management teams in these enterprises better than most. | 25 | annual_report |
NatixisSA-AR_2004 | 999 | (1)The main deductions in respect of permanent timing differences concern the tax-exempt net income of venture capital subsidiaries and subsidiaries that have issued preferred stock, dividends on which are treated as interest expenses for tax purposes. | 36 | annual_report |
PowszechnyZakladUbezpieczenSA-AR_2019 | 1,507 | 4. Acquisition expense ratio* (acquisition expenses/net earned premium) x 100% 19.9% 20.1% 19.0% 19.3% 19.9% | 15 | annual_report |
PhoenixGroupHoldingsPLC-AR_2019 | 1,112 | Onsite fundraising across all sites benefited charities by in excess of £32,000 and individual offsite fundraising including an element of staff-matching by the Group benefited local charities by a further £200,000� | 31 | annual_report |
4405 | 743 | The Company is continuing to purchase attractively priced BIG obligations it had already insured in order to mitigate losses, which resulted in a reduction to net expected loss to be paid of $429.1 million as of December 31, 2011. As of December 31, 2011, the carrying value of assets purchased for loss mitigation purposes was $452.7 million, with a par of $1,560.4 million. | 63 | 10K |
3302 | 1,057 | Certain commercial lines of business, primarily workers’ compensation, are eligible for policyholder dividends in accordance with provisions of the underlying insurance policies. Net premiums written subject to policyholder dividends represented approximately 60 percent of the Company’s total net premiums written in 2007. Policyholder dividends are accrued over the terms of the underlying policies. | 53 | 10K |
AegonNV-AR_2009 | 255 | As part of its response to the financial crisis, AEGON announced that it would initiate cost reduction measures in 2009 of EUR 150 million – | 25 | annual_report |
fr_axa-AR_2011 | 11,580 | Average FTE of non sales force 89,367.5 fte -6.1% 95,156.9 fte | 11 | annual_report |
5169 | 1,068 | Goodwill and other intangible assets deemed to have an indefinite useful life are tested annually in the fourth quarter of every year for impairment. Goodwill and other intangible assets are also tested whenever events and changes in circumstances suggest that the carrying amount may not be recoverable. A significant amount of judgment is required in performing goodwill and other intangible asset impairment tests. These tests may include estimating the fair value of Alleghany’s operating subsidiaries and other intangible assets. If it is determined that an asset has been impaired, the asset is written down by the amount of the impairment, with a corresponding charge to net earnings. Subsequent reversal of any impairment charge is not permitted. | 116 | 10K |
AvivaPLC-AR_2010 | 1,761 | Fees earned in 2010 by the NEDs are set out in Table 22 below. | 14 | annual_report |
NatwestGroupPLC-AR_2016 | 8,971 | Westminster Bank Plc and Adam & Company PLC which (on the same day) will be renamed The Royal Bank of Scotland plc. At the same time, RBS plc (which will sit outside the RFB) will be renamed NatWest Markets Plc to bring its legal name in line with the rebranding of the NatWest Markets franchise which was initiated in December 2016, and will continue to operate the | 67 | annual_report |
AvivaPLC-AR_2016 | 9,950 | Shareholder information continued of 2016 information. Despite commitments, certain participating jurisdictions have yet to implement domestic legislation and there is a lack of concrete domestic implementation guidance in many jurisdictions. As there remains uncertainty over the precise scope of these measures, the Group is at risk of late changes to interpretation of implementation requirements and consequently an increase in its compliance costs. | 62 | annual_report |
3018 | 3,966 | The cumulative effect, reported after tax and net of related effects on DAC, upon adoption of SOP 03-1 at January 1, 2004, decreased net income and stockholder’s equity by $8.9 million and reduced accumulated other comprehensive income by $2.1 million. The decrease in net income was comprised of an increase in future contract and policy benefits (primarily for variable annuity contracts) of $46.7 million, pretax, an increase in DAC of $29.5 million, pretax, and the recognition of the unrealized gain on investments in separate accounts of $3.5 million, pretax. | 89 | 10K |
5003 | 1,887 | NYIL regulates the payment of dividends by financial guarantee insurance companies and provides that such companies may not declare or distribute dividends except out of statutory earned surplus. Under the NYIL, the sum of (i) the amount of dividends declared or distributed during the preceding 12-month period and (ii) the dividend to be declared may not exceed the lesser of (a) 10% of policyholders’ surplus, as reported in the latest statutory financial statements and (b) 100% of adjusted net investment income for such 12-month period (the net investment income for such 12-month period plus the excess, if any, of net investment income over dividends declared or distributed during the two-year period preceding such 12-month period), unless the Superintendent of the NYSDFS approves a greater dividend distribution based upon a finding that the insurer will retain sufficient surplus to support its obligations. | 141 | 10K |
1720 | 391 | In July 1998, Metropolitan Life sold a substantial portion of its Canadian operations to Clarica Life. As part of that sale, a large block of policies in effect with Metropolitan Life in Canada were transferred to Clarica Life, and the holders of the transferred Canadian policies became policyholders of Clarica Life. Those transferred policyholders are no longer policyholders of Metropolitan Life and, therefore, were not entitled to compensation under the plan of reorganization. However, as a result of a commitment made in connection with obtaining Canadian regulatory approval of that sale and in connection with the demutualization, Metropolitan Life's Canadian branch made cash payments to those who were, or were deemed to be, holders of these transferred Canadian policies. The payments were determined in a manner that is consistent with the treatment of, and fair and equitable to, eligible policyholders of Metropolitan Life. | 143 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2020 | 2,030 | Source: Liquidity In 2020, PZU’s shares were highly liquid. The average daily spread of PZU’s stock was 9 bps compared to the average spread of 22 bps for the 20 most liquid companies. The average daily trading volume of PZU’s stock in 2020 was 2.4 million shares (up 43.2% y/y). The total annual trading value was in excess of PLN 17.6 billion. | 62 | annual_report |
4104 | 433 | For RSUI, loss and LAE for 2009 reflect a net $38.4 million release of prior accident year casualty loss reserves, compared with a net $43.7 million release of prior accident year casualty loss reserves during 2008. Both amounts relate primarily to D&O liability, professional liability, and general liability lines of business for the 2003 through 2007 accident years and reflect favorable loss emergence, compared with loss emergence patterns assumed in earlier periods for such lines of business. Specifically, cumulative losses for such lines of business, which include both loss payments and case reserves, in respect of prior accident years were expected to be higher through December 31, 2009 than the actual cumulative losses through that date. This amount of lower cumulative losses, expressed as a percentage of carried loss and LAE reserves at the beginning of the year, was 2.9 percent. Such reduction did not impact the assumptions used in estimating RSUI’s loss and LAE liabilities for business earned in 2009. For RSUI, loss and LAE for 2009 also reflect a net $9.9 million release of prior accident year loss reserves related to 2008 third quarter Hurricanes Ike, Gustav, and Dolly. | 191 | 10K |
SwissReAG-AR_2010 | 1,313 | Clauses on change of control Unvested incentive shares, share options, and certain other employee benefit programmes would vest upon a change of control. Rights of members of the governing bodies are identical to those of employees. | 36 | annual_report |
TrygAS-AR_2018 | 1,055 | Total rental income for 2018 is DKK 87m (DKK 88m in 2017). | 12 | annual_report |
1969 | 1,137 | The Company securitizes high yield debt securities, investment grade bonds and structured finance securities. The Company has sponsored five securitizations with a total of approximately $1,323 million in financial assets as of December 31, 2002. Two of these transactions included the transfer of assets totaling approximately $289 million in 2001, resulting in the recognition of an insignificant amount of investment gains. The Company's beneficial interests in these SPEs as of December 31, 2002 and 2001 and the related investment income for the years ended December 31, 2002, 2001 and 2000 were insignificant. | 92 | 10K |
4163 | 991 | Other operating costs and expenses in our Bankers Life segment were $185.0 million in 2010, down 5.9 percent from 2009 and were $196.6 million in 2009, up 7.8 percent from 2008. Other operating costs and expenses include the following (dollars in millions): | 42 | 10K |
AvivaPLC-AR_2007 | 1,692 | 8. The change in transfer values over the year includes the effect of changes made by the Trustee of the Pension Scheme to the assumptions used in respect of changes to market values and expected future investment returns. Transfer values represent the estimated liability on the Scheme to pay the stated level of benefits. They are not sums paid or due to a director, and do not represent the true cost of providing the pension benefit. | 76 | annual_report |
5246 | 997 | Derivatives are financial instruments whose values are derived from interest rates, foreign exchange rates, financial indices or the values of securities. Derivatives generally used by us include interest rate swaps, interest rate options, swaptions, currency swaps, currency forwards, equity options, futures, credit default swaps and total return swaps. Derivative positions are either assets or liabilities in the consolidated statements of financial position and are measured at fair value, generally by obtaining quoted market prices or through the use of pricing models. See Note 14, Fair Value Measurements, for policies related to the determination of fair value. Fair values can be affected by changes in interest rates, foreign exchange rates, financial indices, values of securities, credit spreads, and market volatility and liquidity. | 121 | 10K |
3029 | 848 | The fair value of investments in certain limited partnerships which are included in other invested assets on the consolidated balance sheet, were determined by officers of those limited partnerships. | 29 | 10K |
4833 | 5,202 | The fair value of notes and contracts payable are estimated based on current rates offered to the Company for debt of the same remaining maturities. | 25 | 10K |
4339 | 1,193 | We expect our annual reporting of premiums written to be volatile as our underwriting portfolio continues to develop. Additionally, the composition of premiums written between frequency and severity business may vary from year to year depending on the specific market opportunities that we pursue. For the year ended December 31, 2011, the premiums written relating to frequency business decreased by $10.8 million, or 2.8%, from the year ended December 31, 2010. The decrease in premiums written is the net impact of increases in certain lines of business being more than offset by decreases in other lines. The largest increase in frequency premiums written related to motor liability line of business which increased $31.7 million, or 57.3%, compared to the same period in 2010. The increase was primarily related to several new non-standard automobile contracts entered into during the year ended December 31, 2011. Our motor physical damage premiums also increased by $3.3 million, or 89.3%, primarily as a result of these new contracts. Our professional liability premiums increased by $13.1 million, or 170.7%, partially due to a new quota share professional indemnity contract entered into during the year ended December 31, 2011 and partially due to an existing contract which generated higher volume of premiums upon renewal compared to the prior year. Our workers’ compensation premiums for the year ended December 31, 2011, increased by $7.4 million, or 34.3%, principally due to higher volume of premiums on an existing multi-line contract that was renewed during 2011. | 246 | 10K |
4844 | 912 | Net loss for the year ended December 31, 2013 includes a one-time expense of $5.5 million related to the termination of contact rights with TSG Agency, LLC (“TSG”), a managing general agent of the Company. For further information, see “Comparison of 2013 and 2012” below. | 45 | 10K |
4187 | 1,757 | vesting between July 1, 2010 and January 1, 2011 to certain sales force leaders. The awards were measured based on the market price of our shares on the respective vesting dates, less liquidity discounts ranging from 20% to 28% as described above. The measurement date fair values of these awards ranged from $15.44 to $19.37. These awards varied with and primarily related to life insurance policy acquisitions. As such, we deferred the full $12.3 million cost and recognized a corresponding increase in DAC which will be amortized over the life of the underlying policies. The resulting ongoing DAC amortization expense will be partially offset by a concurrent tax benefit totaling approximately $4.0 million over the same periods. | 117 | 10K |
4415 | 1,718 | The total favorable development relating to the loss portfolio transfers since the closing of the GMAC and IIS Acquisitions has been $68.9 million and the remaining $2.6 million is recorded as a deferred gain and is part of the Company’s reserve for loss and loss adjustment expenses at December 31, 2011 that are included in the accompanying Consolidated Balance Sheet. Included in the total favorable development were amortized gains from the loss portfolio acquired as part of the GMAC and IIS Acquisitions, recorded as a reduction of losses incurred of $28.9 million and $25.3 million for the years ended December 31, 2011 and 2010, respectively. | 105 | 10K |
1996 | 1,605 | Gross account withdrawals for Prudential Insurance and its insurance subsidiaries amounted to $6.608 billion and $7.156 billion for the years ended December 31, 2002 and 2001, respectively. These withdrawals include contractually scheduled maturities of traditional guaranteed investment contracts totaling $1.064 billion and $1.671 billion in 2002 and 2001, respectively. We experienced these withdrawals on guaranteed products as | 57 | 10K |
4064 | 548 | The following table summarizes GAAP net premiums written and GAAP loss, LAE, expense and combined ratios for the Personal Lines and Commercial Lines segments. GAAP loss, LAE, catastrophe loss and combined ratios shown below include prior year reserve development. These items are not meaningful for our Other Property and Casualty segment. | 51 | 10K |
GjensidigeForsikringASA-AR_2016 | 41 | Net income from investments NOK million 2,196.1 1,473.3 2,475.6 2,538.1 3,055.8 | 11 | annual_report |
fr_axa-AR_2004 | 1,006 | January 1997 April 2007 Chairman and CEO of Suez Chairman of Suez Environnement, Suez-Tractebel (Belgium), Electrabel (Belgium) Vice-Chairman of Hisusa (Spain), Sociedad General de Aguas de Barcelona (Spain) Director or member of the Supervisory Board, Crédit Agricole S.A., Compagnie de Saint-Gobain, Taittinger Pargesa Holding S.A. (Switzerland) | 46 | annual_report |
StorebrandASA-AR_2013 | 1,847 | Storebrand Bank and the activities at BenCo which consists of the subsidiaries Euroben and Nordben. | 15 | annual_report |
2868 | 822 | Certain costs related to obtaining new business and acquiring business through reinsurance agreements have been deferred and will be amortized to accomplish matching against related future premiums or gross profits, as appropriate. We normally defer certain acquisition related commissions and incentive payments, certain costs of policy issuance and underwriting, and certain printing costs. Assumptions used in developing DAC and amortization amounts each period include the amount of business in force, expected future persistency, withdrawals, interest rates and profitability. These assumptions are modified to reflect actual experience when appropriate. The amortization of DAC is charged to current earnings to the extent it is determined that future premiums or gross profits are not adequate to cover the remaining amounts deferred. DAC totaled $165.8 million and $132.5 million at December 31, 2005 and 2004, respectively. | 132 | 10K |
5056 | 2,567 | (*) Variable annuity liabilities equal the fair value of variable annuity assets. | 12 | 10K |
AssicurazioniGeneraliSpA-AR_2014 | 3,344 | The most significant transactions with non-controlling interests occurred in 2014 and relate to Generali Deutschland Group and Generali PPF Holding (renamed in 2015 as Generali CEE Holding). | 27 | annual_report |
PhoenixGroupHoldingsPLC-AR_2019 | 3,229 | The Group has hedged the currency risk on its foreign currency hybrid debt ($500 million Tier 2 bonds and €500 million Tier 2 bonds as set out in note E5) through cross currency interest rate swaps. | 36 | annual_report |
NatwestGroupPLC-AR_2014 | 5,614 | The table below analyses RBS’s balance sheet by trading and non-trading business. Trading Non-trading Total business (1) business (2) Non-trading business 2014 £bn £bn £bn primary risk factor | 28 | annual_report |
4148 | 1,933 | The difference between the carrying value and fair value of short-term debt as of December 31, 2009 and 2008, related to current maturities of long-term debt. | 26 | 10K |
1205 | 396 | Pumpkin Tranche A Term Loan, payable in 16 quarterly installments ranging from $150 to $225 through December 2001; interest payable monthly at the commercial paper rate plus 4.5% (10.52% at December 31, 1999) ... 817 1,117 | 36 | 10K |
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