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3553 | 1,360 | For the years ended December 31, 2007 and 2006, premiums produced by brokers were as follows: | 16 | 10K |
Sampoplc-AR_2002 | 1,788 | of which to or on behalf of Group companies – – – – | 13 | annual_report |
3010 | 1,324 | Medicare Risk health care costs increased by $48.0 million, or 4%, for the year ended December 31, 2005 as compared to the same period in 2004. The increase in the Medicare Risk health care cost PMPM was 3% for the year ended December 31, 2005 compared to the same period in 2004. Medicare Risk health care costs increased primarily as a result of higher physician and inpatient claim costs and increased capitation expense related to Medicare rate adjustments for 2003 and 2004 totaling $9.7 million, which were recognized in 2005 (See “-Health Plan Services Premiums” for detail regarding the increase in premium revenue related to the 2003 and 2004 Medicare rate adjustment). These increases were partially offset by provider settlements of $14.6 million recorded in the fourth quarter of 2004. | 130 | 10K |
TrygAS-AR_2017 | 1,600 | Motor insurance Motor insurance accounts for 27% of total premium income and comprises mandatory third-party liability insurance providing cover for injuries to a third party or damage to a third party’s property, and a voluntary comprehensive insurance policy that provides cover for damage to the customer’s own vehicle from collision, fire or theft. | 53 | annual_report |
AvivaPLC-AR_2020 | 3,187 | Although the Group is exposed to changes in the residual value at the end of the current leases to third parties on investment property, the Group typically enters into new operating leases and therefore is not expected to immediately realise any reduction in residual value at the end of these leases. Expectations about the future residual values are reflected in the fair value of the properties. | 66 | annual_report |
3085 | 1,071 | Hedge Documentation and Effectiveness Testing. We formally document all relationships between hedging instruments and hedged items, as well as our risk management objective and strategy for undertaking various hedge transactions. This process includes associating all derivatives designated as fair value or cash flow hedges with specific assets or liabilities on the statement of financial position or with specific firm commitments or forecasted transactions. Effectiveness of the hedge is formally assessed at inception and throughout the life of the hedging relationship. Even if a derivative is highly effective and qualifies for hedge accounting treatment, the hedge might have some ineffectiveness. | 99 | 10K |
5806 | 1,776 | Other operating expenses for the Corporate and Other segment include personnel costs associated with the Bermuda and U.S. holding companies, professional fees, and various other corporate expenses that are included in our calculation of our expense ratio and our combined ratio. Other operating expenses of the Corporate and Other segment represent the expenses of both the Bermuda and U.S. holding companies that were not reimbursed by our subsidiaries, including costs associated with | 72 | 10K |
gb_prudential-AR_2013 | 3,094 | Notes (i) These amounts are for Separate Account assets and liabilities for all variable annuity products comprising those with and without guarantees. Assets and liabilities attaching to variable annuity business that are not held in the separate account eg in respect of guarantees are shown within other business. (ii) Other investments comprise: Derivative assets* 766 1,546 Partnerships in investment pools and other† 791 750 * After taking account of the derivative liabilities of £515 million (2012: £645 million), which are also included in Other non-insurance liabilities, the derivative position for US operations is a net asset of £251 million (2012: £901 million). | 102 | annual_report |
5504 | 1,472 | On January 19, 2016, an individual filed a qui tam suit captioned United States of America ex rel. Steven Scott v. Humana, Inc., in United States District Court, Central District of California, Western Division. The complaint alleges certain civil violations by us in connection with the actuarial equivalence of the plan benefits under Humana’s Basic PDP plan, a prescription drug plan offered by us under Medicare Part D, as compared to required benefit levels under applicable bid rules. The action seeks damages and penalties on behalf of the United States under the False Claims Act. The court ordered the qui tam action unsealed on September 13, 2017, so that the relator can proceed, following notice from the U.S. Government that it is not intervening at this time. We take seriously our obligations to comply with applicable CMS requirements and actuarial best principles, and we intend to vigorously defend against these allegations. | 151 | 10K |
5294 | 923 | The total carried net losses and loss expense reserves for these claims were $22.7 million as of December 31, 2016 and $23.2 million as of December 31, 2015. The emergence of these claims occurs over an extended period and is highly unpredictable. For example, within our Standard Commercial Lines book, certain landfill sites are included on the National Priorities List (“NPL”) by the United States Environmental Protection Agency (“USEPA”). Once on the NPL, the USEPA determines an appropriate remediation plan for these sites. A landfill can remain on the NPL for many years until final approval for the removal of the site is granted from the USEPA. The USEPA has the authority to re-open previously closed sites and return them to the NPL. We currently have reserves for nine customers related to six sites on the NPL. | 137 | 10K |
NatixisSA-AR_2017 | 10,072 | The purpose of this amendment was to clarify the application of certain of the Guarantee’s provisions to covered assets subject to a write-down. | 23 | annual_report |
5439 | 1,786 | The services that we will no longer offer as a result of restructuring our Services business have not had a material impact on our consolidated cash flows or results of operations in recent periods. Therefore, as compared to our results in 2016 or 2015, there was no material impact on our consolidated cash flows or results of operations from discontinuing these services. See “Overview-Operating Environment and Business Strategy” for more information. See Note 1 of Notes to Consolidated Financial Statements, “Item 1. Business-Services-Services Business Overview” and “Overview-Other 2017 Developments” for additional information regarding the Services segment. | 96 | 10K |
4021 | 686 | The fair value of each stock option on the date of grant was estimated using the Black-Scholes option-pricing model with the following weighted average assumptions for years 2009 and 2008: | 30 | 10K |
HannoverRueckSE-AR_2013 | 553 | The Mortality sector encompasses our business with exposure to the mortality risk. For our company, as a reinsurer, the main danger is that the actual mortality in a portfolio may diverge negatively from our expectations. Mortality business is traditionally a core component of life and health reinsurance. This is reflected in the gross premium volume of EUR 2,833.5 million (EUR 2,824.6 million) generated in 2013. At 46.1%, it contributes the lion’s share of total premium income. In the US risk-oriented life reinsurance market we further expanded our share to more than 10%. This is all the more gratifying given that the market itself contracted again – as it had already in 2012. Irrespective of this, our focus was on further optimising our portfolio management, which we shall continue to do in the coming years. | 134 | annual_report |
SwissLifeHoldingAG-AR_2010 | 1,450 | CREDIT RATING AS AT 31 DECEMBER 2010 of which collateralised – | 11 | annual_report |
4833 | 2,713 | The Company became a publicly traded company following its spin-off from its prior parent, The First American Corporation (“TFAC”) on June 1, 2010 (the “Separation”). On that date, TFAC distributed all of the Company’s outstanding shares to the record date shareholders of TFAC on a one-for-one basis (the “Distribution”). After the Distribution, the Company owns TFAC’s financial services businesses and TFAC, which reincorporated and assumed the name CoreLogic, Inc. (“CoreLogic”), continued to own its information solutions businesses. | 77 | 10K |
de_allianz-AR_2018 | 2,947 | Disposals and reclassifications into non-current assets and assets of disposal groups classified as held for sale (14) (56) (61) (46) (10) (82) | 22 | annual_report |
4461 | 484 | Commissions and other underwriting expenses consist principally of brokerage and agent commissions and to a lesser extent premium taxes. The brokerage and agent commissions are reduced by ceding commissions received from assuming reinsurers that represent a percentage of the premiums on insurance policies and reinsurance contracts written and vary depending upon the amount and types of contracts written. | 58 | 10K |
AssicurazioniGeneraliSpA-AR_2014 | 2,789 | (67.3% at 31 December 2013), while investment contracts with discretionary participation feature amounted to 29.8% (27.0% at 31 December 2013). | 20 | annual_report |
gb_lloyds_banking_grp-AR_2016 | 2,084 | Cost leadership Continued improvement in the Group’s market-leading cost:income ratio to 48.7 per cent (2015: 49.3 per cent) – efficiency programme successfully accelerated in response to customers’ changing preferences. | 29 | annual_report |
NatixisSA-AR_2020 | 2,312 | Reputational risk employees, shareholders, supervisors, or any other third parties whose trust, in whatever respect, is a prerequisite for the normal conduct of business. | 24 | annual_report |
fr_axa-AR_2006 | 1,980 | As regards bond issues, total issuer-specific exposure limits are set at Group level and at the level of each subsidiary. These limits depend on the issuer’s risk, assessed via its credit rating and type (private, sovereign or quasi-sovereign). | 38 | annual_report |
NatixisSA-AR_2002 | 1,683 | = Consolidated tax income 2 250 x Standard tax rate 33.33% 33.33% | 12 | annual_report |
5435 | 544 | The Company experienced a loss after accretion of mandatorily redeemable convertible preferred stock, and accrued dividends on mandatorily redeemable preferred stock of $1,357,656 in fiscal 2017 as compared with a loss after accretion of mandatorily redeemable convertible preferred stock, and accrued dividends on mandatorily redeemable preferred stock of $108,386 in fiscal 2016. | 52 | 10K |
PosteItalianeSpA-AR_2020 | 5,852 | Interest expense on repurchase agreements 6 9 due to the Parent company 6 5 on guarantee deposits 36 21 | 19 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2020 | 864 | Premium in Japan was up appreciably year on year following two years of heavy losses; it totalled €578m (425m). | 19 | annual_report |
3592 | 2,081 | through income and, therefore, was included in our balance sheet at the original value of $37 million. Had this forward sale commitment not qualified to be classified in equity, we would have been required to record a derivative liability of $279 million with a change in value of $28 million recorded currently in income as of and for the year ended December 31, 2006. The Equity Units were settled in May 2007. For a more complete description of the Equity Units, refer to note 14 in our consolidated financial statements under “Item 8 - Financial Statements and Supplementary Data.” | 99 | 10K |
DirectLineInsuranceGroupPLC-AR_2017 | 404 | Our own claims experience confirms this, as we see that around one in five young drivers crash in the first year. | 21 | annual_report |
gb_prudential-AR_2005 | 5,046 | However, since the embedded value basis reflects discounted future cash flows under this methodology the profit emergence is advanced, thus more closely aligning the timing of the recognition of profits with the efforts and risks of current management actions, particularly with regard to business sold during the year. | 48 | annual_report |
5265 | 1,797 | The following table sets forth the income yield and investment income for each major investment category of our Japanese insurance operations’ general account for the periods indicated. The yields are based on net investment income as reported under U.S. GAAP and as such do not include certain interest related items, such as settlements of duration management swaps which are included in realized gains (losses). | 64 | 10K |
AssicurazioniGeneraliSpA-AR_2019 | 1,255 | Our performance Risk Report € mln 31/12/2018 31/12/2018 31/12/2019 31/12/2019 € mln 31/12/2018 31/12/2019 | 14 | annual_report |
5831 | 1,420 | Our insurance operations require capital to support premium writings, and we remain committed to maintaining adequate capital and surplus at each of our insurance subsidiaries. The National Association of Insurance Commissioners (NAIC) developed a model law and risk-based capital formula designed to help regulators identify domestic property and casualty insurers that may be inadequately capitalized. Under the NAIC's requirements, a domestic insurer must maintain total capital | 66 | 10K |
AegonNV-AR_2011 | 1,162 | completed the sale of the Guardian life and pensions business to leading private equity group Cinven, for a total consideration of GBP 275 million. | 24 | annual_report |
4851 | 3,954 | In connection with the Company’s commercial mortgage operations, it originates commercial mortgage loans. Commitments for loans that will be held for sale are recognized as derivatives and recorded at fair value. In certain of these transactions, the Company pre-arranges that it will sell the loan to an investor, including to governmental sponsored entities as discussed below, after the Company funds the loan. | 62 | 10K |
StorebrandASA-AR_2008 | 387 | This affects the assets on the balance sheet as well as the risk management. | 14 | annual_report |
gb_prudential-AR_2015 | 5,657 | Total operating profit before acquisition costs and DAC adjustments 2,412 2,412 2,127 2,127 2,293 2,293 | 15 | annual_report |
SwissReAG-AR_2020 | 6,279 | All investigations of alleged Code violations involving an employee or an external contractor are handled by the Investigation Coordination Process (ICP). ICP, which is managed by the Compliance function, serves as a central coordination point across all Swiss Re offices globally that allows all investigations to be handled in a consistent and fair manner. If, following an investigation, the allegations are substantiated, ICP will issue recommendations regarding any appropriate disciplinary or non-disciplinary actions that should be taken. ICP also ensures that any such actions are applied consistently across the Group. | 90 | annual_report |
41 | 142 | updated. Any adjustments resulting therefrom are reflected in operating income currently. It is management's belief that the general insurance net loss reserves are adequate to cover all general insurance net losses and loss expenses as at December 31, 1993. In the future, if the general insurance net loss reserves develop deficiently, such deficiency would have an adverse impact on such future results of operations. | 64 | 10K |
5819 | 1,412 | We periodically evaluate ultimate loss and loss adjustment expense estimates for the workers’ compensation and other casualty claims using a combination of commonly accepted actuarial methodologies such as the Bornhuetter-Ferguson and chain-ladder approaches using paid and incurred loss data. Paid and incurred loss data is segregated and analyzed by state due to the different state regulatory frameworks that may impact certain factors, including the duration and amount of loss payments. We also separately study the various components of liabilities, such as employee lost wages, medical expenses and the costs of claims investigations and administration. We establish case liabilities for reported claims based upon the facts and circumstances of the claim. The excess of the ultimate projected losses, including the expected development of case estimates, and the case-basis liabilities is included in IBNR liabilities. | 133 | 10K |
3198 | 1,258 | In 2006, we recorded $7 million in fair value increases compared with $7 million in fair value declines in 2005 and $10 million in fair value increases in 2004. These changes in fair value are due to the application of SFAS No. 133, which requires measurement of the fluctuations in the value of the embedded derivative features in selected convertible securities. The changes in fair values are recognized in net income in the period they occur. See the discussion of Derivative Financial Instruments and Hedging Activities in Item 8, Note 1 to the Consolidated Financial Statements, Page 85, for details on the accounting for convertible security embedded options. | 108 | 10K |
5668 | 1,121 | impact of seasonality that we experience historically in the second half of the year; the inventory of unsold homes; loan modification and other servicing efforts; and litigation, among other items. | 30 | 10K |
AvivaPLC-AR_2016 | 3,273 | Profit and loss In the period 1 July 2016 to 31 December 2016, the acquired general insurance company contributed net earned premiums of £239 million and a profit before tax attributable to shareholders of £4 million, including £17 million of integration and restructuring costs, to the consolidated results of the Group. | 51 | annual_report |
AegonNV-AR_2012 | 2,060 | The class B preferred shares would then be issued at par value (EUR 0.25), unless a higher price is agreed. In the years 2003 through 2009, a total of 69,030,000 class B preferred shares were issued under these option rights. On March 15, 2011, Vereniging Aegon exercised its option rights to purchase 41,042,000 class B preferred shares at par value to offset dilution caused by the equity issuance completed on March 1, 2011. In 2012, Vereniging Aegon exercised its option rights to purchase 8,021,000 class B preferred shares at par value to offset the dilution caused by the distribution of an (interim) | 102 | annual_report |
PosteItalianeSpA-AR_2020 | 1,745 | There were also clear savings in personnel expenses compared to 2019, partly attributable to the health emergency. Specifically, during the period, costs of €57 million were recovered through recourse to the Solidarity Fund (Cassa Integrazione Guadagni - redundancy payments), as well as the decisive reduction in certain elements of personnel costs, primarily the voluntary 50% reduction in MBO managerial incentives and the use of unnecessary overtime due to reduced activity during the lockdown. | 73 | annual_report |
gb_lloyds_banking_grp-AR_2006 | 1,988 | Debt securities in issue 54,118 39,346 54,070 39,352 Liabilities arising from non-participating investment contracts 24,370 21,839 24,370 21,839 Financial guarantees 49 – 49 – | 24 | annual_report |
4847 | 1,791 | For 2011 through 2013, the Internal Revenue Service (“IRS”) has accepted the Company into the Compliance Assurance Process (“CAP”), which is a voluntary program for large corporations. Under CAP, the IRS conducts a real-time audit and works contemporaneously with the Company to resolve any issues prior to the filing of the tax | 52 | 10K |
608 | 327 | NOTES TO CONSOLIDATED FINANCIAL STATEMENTS DECEMBER 31, 1997, 1996 AND 1995 | 11 | 10K |
5846 | 467 | The aforementioned $11 million ($9 million, net of income tax) unfavorable change reflects a $404 million ($319 million, net of income tax) unfavorable change in market risks in embedded derivatives, partially offset by a $393 million ($310 million, net of income tax) favorable change in freestanding derivatives hedging market risks in embedded derivatives. | 53 | 10K |
AegonNV-AR_2011 | 4,476 | Off balance sheet investments third parties 86,287 12,353 – 25,126 – – 123,766 | 13 | annual_report |
107 | 447 | On December 3, 1992, UNUM and Colonial Companies, Inc. ("Colonial"), signed a definitive merger agreement. On March 26, 1993, Colonial Class A common stock shareholders voted to approve the merger. Under the agreement, UNUM exchanged 0.731 shares of its common stock for each share of Colonial Class A and Class B common stock outstanding on March 26, 1993. UNUM issued approximately 11.4 million shares of common stock from treasury in connection with the merger. In addition, outstanding options to acquire shares of Colonial Class B common stock were converted into options to acquire shares of UNUM common stock. The merger was accounted for as a pooling of interests. | 108 | 10K |
NatixisSA-AR_2009 | 7,466 | No backtesting exception was observed in the whole year under review. | 11 | annual_report |
Sampoplc-AR_2019 | 2,504 | Sales and marketing practices’ focus is on meeting the demands and needs of the customer and providing the customer with the information necessary for them to make well-informed decisions on their insurance coverage needs. | 34 | annual_report |
3306 | 760 | 9. Future Policy Benefits, Policy Claims and Other Policyholders’ Funds and Separate Account Liabilities (Continued) | 15 | 10K |
AvivaPLC-AR_2003 | 1,083 | Other business Acquired additional value of in-force long-term business (note 24) Corporate and other holding company assets | 17 | annual_report |
ScorSE-AR_2019 | 3,672 | The Group’s intangible assets are mainly composed of goodwill and Value of Business Acquired of Life reinsurance portfolios respectively for EUR 870 million and EUR 1,302 million as at | 29 | annual_report |
3015 | 973 | The pre-tax yields on the Lloyd's Operations' investments approximated 3.4%, 2.4% and 1.7% for 2006, 2005 and 2004, respectively. Generally, the Lloyd's Operations' investments have been invested with a relatively short average duration, which is reflected in the yield, in order to meet liquidity needs. The increase in the Lloyd's Operations 2006 yield compared to 2005 is reflective of the current yield environment driven somewhat by the 2006 increases made to the Federal Funds Rate by the Federal Reserve. The increase in the Lloyd's Operations' 2005 yield compared to 2004 is reflective of the gradual increase in interest rates during 2005. Lloyd's average duration was 1.0 years at December 31, 2006 compared to 1.3 years at December 31, 2005. Such yields are net of interest credits to certain reinsurers for funds withheld by our Lloyd's Operations. | 136 | 10K |
2542 | 807 | Although our reinsurance business is directed to us through these independent agent relationships, the life insurance and annuity policies that we currently reinsure are underwritten and issued by various ceding life companies. In the insurance industry, the term “ceding” refers to the use of reinsurance to transfer from one insurance company to another some or all of the risks associated with one or more insurance policies. We often refer to a life insurance company that reinsures life insurance and annuity policies through us as a “ceding life company.” The strength of our current reinsurance business is based on our historical relationship with the independent agents of World Financial Group. | 109 | 10K |
DirectLineInsuranceGroupPLC-AR_2020 | 863 | Phase 2: £500,000 for colleagues to nominate 180 local causes they cared passionately about with micro-donations | 16 | annual_report |
3901 | 1,133 | All of the securities in the portfolio are highly marketable so that there will be adequate liquidity to meet projected payments. There are no specific policies calling for asset durations to match those of benefit obligations. | 36 | 10K |
500 | 388 | 7.00 percent in 1996 and 1995 and an assumed long-term compensation increase of 3.50 percent in 1996 and 1995. | 19 | 10K |
4706 | 831 | The Company’s senior debt is currently rated Baa2 by Moody’s and A- by Standard & Poor’s. The Company’s short-term debt is currently rated P-2 by Moody’s and A-2 by Standard & Poor’s. The Company carries a positive outlook from Moody’s and a stable outlook from Standard & Poor’s. | 48 | 10K |
3676 | 869 | The Telesales segment had 89 employees at December 31, 2008 as compared to 253 at December 31, 2007. | 18 | 10K |
5554 | 774 | Income taxes. Our effective tax rates for 2018, 2017 and 2016 were 22.1%, 23.5% and 26.1%, respectively, based on income before taxes (after deducting noncontrolling interests) of $61.0 million, $63.6 million and $75.1 million, respectively. Our 2018 effective tax rate included $2.7 million of income tax net benefits primarily related to adjustments in connection with the final determination of the tax effects of the 2017 Act, previously unrecognized research and development tax credits and other 2017 return-to-provision and true-up adjustments. | 80 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2015 | 167 | PZU has been quoted on the Warsaw Stock Exchange since 2010. The value of PZU’s first public offer (IPO) PZU was almost PLN 8.1 billion. This was the biggest IPO in the history of the Polish capital market, the biggest offer in Central and Eastern Europe from the beginning of the economic transformation, and the biggest IPO in all of Europe since | 62 | annual_report |
gb_prudential-AR_2016 | 1,375 | Products and customers – The Board continued holding in-depth focus sessions on products and customers of the Group, primarily through Board visits to the business units. In 2016, these focus sessions took place when the Board visited its overseas operations, as more fully described below. | 45 | annual_report |
AegonNV-AR_2016 | 6,523 | In addition, insurance companies are routinely subject to litigation, investigation and governmental review concerning product fees and costs, including transparency and adequacy of disclosure of initial costs, ongoing costs, and costs due on policy surrender as well as changes to costs over time. Disputes and investigations initiated by governmental entities and private parties may lead to orders or settlements including payments or changes to business practices even if Aegon believes the underlying claims are without merit. Aegon and other US insurers have been sued for charging fees on products offered in 401(k) platforms which allegedly were higher than fees charged on other products available in the market. US insurers, including Aegon’s subsidiaries, have also been named in class action litigation relating to increases in monthly deductions made to universal life products. Plaintiffs generally allege that the increases were made to recoup past losses rather than to cover the future costs of providing insurance coverage. These cases are pending in the US | 161 | annual_report |
5387 | 2,938 | (2) Share-settled restricted stock units that vested during the year ended December 31, 2017 included 313,391 service-based restricted stock units attributable to a grant made in 2014 which was subject to a three year cliff vesting period. | 37 | 10K |
4686 | 1,627 | We hold interests in certain LPs that generate earnings from trading portfolios, secured debt, and private equity investments. The improved results for 2013 principally reflect earnings recognized as a result of a change of an LP from the cost method to the equity method as well as higher earnings from a private equity LP. When there is a change from the cost to the equity method, GAAP requires retroactive recording of accumulated earnings since the origination of the investment. As the amounts are not material in the current period or any of the prior periods affected, prior period financial statements have not been restated. Earnings included our portion of the LP’s accumulated earnings from the date of initial investment, which totaled $10.5 million, $8.4 million of which was related to prior periods. | 132 | 10K |
TrygAS-AR_2013 | 734 | The Board carries out an annual evaluation of the work and performance of the Executive Management and of the cooperation between the | 22 | annual_report |
4263 | 1,046 | Interest Paid on Notes Payable, including facility fees, for the years ended December 31, 2010, 2009 and 2008 was: | 19 | 10K |
AegonNV-AR_2013 | 1,703 | Capital adequacy Capital adequacy is managed at the company, country and operating unit level, as well as at the level of individual legal entities within the organization. As a matter of policy, Aegon maintains the capitalization of its operating companies based on whichever of the following is the most stringent: �� Regulatory capital requirements; �� Rating agency AA capital requirements for rated entities; �� Any additional, self-imposed internal requirements. | 69 | annual_report |
4211 | 1,018 | Our net income was $807.0 million, in 2009, compared to a net loss of $18.8 million, in 2008. This increase was primarily driven by smaller after-tax net realized capital losses and fewer catastrophe losses in 2009 compared to 2008. | 39 | 10K |
SwissLifeHoldingAG-AR_2020 | 528 | Pursuant to the Organisational Regulations, the Board of Directors as a whole is responsible for determining the level and make-up of compensation for its members, whereas the Compen sation Committee is responsible for putting forward appropriate proposals (for the internal organisation of the Board of Directors see “Internal organisational structure”, pages 45 to 48). The Board of Directors as a whole also establishes the guidelines for the company’s compensation policy. In doing so, it takes into consideration the compensation policies of other companies in the financial services industry, drawing its findings from publicly available information and studies by independent external experts. Comparable companies in the insurance sector in Switzerland used for the purposes of providing relevant information for the current compensation policy included Allianz, AXA, Baloise Insurance, Swiss Re, Zurich Insurance Group and Helvetia. | 134 | annual_report |
2139 | 403 | Inflation has had an impact on claim costs and overall operating costs and although it has been lower in the last few years, hospital and medical costs have still increased at a higher rate than general inflation, especially prescription drug costs. New, more expensive and wider use of pharmaceuticals is inflating health care costs. We will continue to establish premium rates in accordance with trends in hospital and medical costs along with concentrating on various cost containment programs. However, there can be no assurance that these efforts by us will fully offset the impact of inflation or that premiums will equal or exceed increasing healthcare costs. | 106 | 10K |
4335 | 657 | We contract with the United States Office of Personnel Management (“OPM”) and with various federal employee organizations to provide health insurance benefits under the Federal Employees Health Benefits Program (“FEHBP”). These contracts are subject to government regulatory oversight by the Office of the Inspector General (“OIG”) of OPM, which performs periodic audits of these benefit program activities to ensure that contractors meet their contractual obligations with OPM. For our managed care contracts, the OIG conducts periodic audits to, among other things, verify that premiums established under its contracts are in compliance with community rating requirements under the FEHBP. The OPM may seek premium refunds or institute other sanctions against health plans that participate in the program. For our experience-rated plans, the OIG focuses on the appropriateness of contract charges, the effectiveness of claims processing, financial and cost accounting systems, and the adequacy of internal controls to ensure proper contract charges and benefit payments. The OIG may seek refunds of costs charged under these contracts or institute other sanctions against health plans. These audits are generally a number of years in arrears. We estimate and record reserves for audit and other contract adjustments for both our managed care contracts and our experience rated plans based on appropriate guidelines and historical results. Any differences between actual results and estimates are recorded in the year the audits are finalized. | 226 | 10K |
NatixisSA-AR_2008 | 2,692 | The age pyramid for France-based employees employed on permanent contracts is relatively balanced. Approximately, 32.2% of employees are aged below 36. At the other extreme, 1,146 employees are aged 56 years and above, representing 8.3% of the workforce. In coming years, employee turnover is due to increase signifi cantly due to natural attrition, thereby creating promotional opportunities within the enterprise. | 60 | annual_report |
AegonNV-AR_2016 | 3,673 | Asset-backed securities (ABSs) - CDOs backed by ABS, Corp. bonds, Bank loans 958 (11) 1,710 (38) | 16 | annual_report |
Sampoplc-AR_2004 | 384 | Society benefits from the company’s cost efficiency and ability to develop its business operations, as competitive products are continuously sought and made available to customers, while resources committed to outdated structures are released for other purposes. Maintaining competitiveness and making structural changes can sometimes mean that the staff has to adapt to changes in workforce demand. Recent years have seen Sampo’s staff decrease in number, but the company has sought to implement the reductions in a responsible way through pension schemes, retraining and support packages. The company also offers its staff opportunities to develop their skills and competence, and it provides incentives. Staff surveys conducted during 2004 showed that work satisfaction levels had increased from the previous year. | 118 | annual_report |
CNPAssurancesSA-AR_2010 | 222 | In the French individual insurance market, we work primarily with two large distribution networks, La Banque Postale and the Caisses d’Epargne, which together represent a total of nearly 22,000 sales outlets. These two partners have signed distribution you Paul Masson, 7 years old and his grandmother | 46 | annual_report |
5949 | 624 | The following summarizes the components of the reserves related to our long-term care business: | 14 | 10K |
4874 | 1,961 | Management measures results for the Non-life segment on the basis of the loss ratio, acquisition ratio, technical ratio, other expense ratio and combined ratio (all defined below). Management measures results for the Non-life sub-segments on the basis of the loss ratio, acquisition ratio and technical ratio. Management measures results for the Life and Health segment on the basis of the allocated underwriting result, which includes revenues from net premiums earned, other income or loss and allocated net investment income for Life and Health, and expenses from life policy benefits, acquisition costs and other expenses. | 94 | 10K |
AssicurazioniGeneraliSpA-AR_2017 | 619 | The results of the ordinary financial operations amount to 2,450,022 thousand for the year and 2,139,127 thousand 53 Parent Company Financial Statements | 22 | annual_report |
4187 | 1,782 | The statutory capital and surplus of our U.S insurance subsidiaries was as follows: | 13 | 10K |
5880 | 886 | The Company has two reporting segments: subscription business and other business. The subscription business segment currently includes revenue from subscription fees related to our “Trupanion” branded products, while the other business segment is comprised of revenue from other product offerings that generally have a business-to-business relationship and different margin profiles than our subscription segment, including revenue from writing policies on behalf of third parties and revenue from other products and software solutions. | 72 | 10K |
5515 | 1,777 | The fair values of certain assets and liabilities are determined using prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement (i.e., Level 3 as defined by ASC Topic 820), including but not limited to liquidity spreads for investments within markets deemed not currently active. These valuations, whether derived internally or obtained from a third-party, use critical assumptions that are not widely available to estimate market participant expectations in valuing the asset or liability. In addition, the Company has determined, for certain financial instruments, an active market is such a significant input to determine fair value that the presence of an inactive market may lead to classification in Level 3. In light of the methodologies employed to obtain the fair values of financial assets and liabilities classified as Level 3, additional information is presented below. | 144 | 10K |
3295 | 1,143 | The effects of reinsurance on earned premiums and written premiums for the years ended December 31, 2007, 2006 and 2005 are shown in the following tables. | 26 | 10K |
TrygAS-AR_2018 | 1,033 | The impairment test shows a calculated value in use of approximately DKK 1.7bn (1.2bn) relative to a recognised goodwill of DKK 0.5bn (0.5bn) and Equity of DKK 0.7bn (0.8bn) and does not indicate any impairment in 2018. According to the sensitivity informations below a change in the required return rate will have the highest effect on the equity. A increase in the required return of approx. 6% will result in a write down of goodwill. | 75 | annual_report |
4983 | 765 | As of December 31, 2014 and 2013, the Company had $2,314.3 million and $2,214.4 million, respectively, in outstanding borrowings under its debt agreements and was in compliance with all covenants under those agreements. As of December 31, 2014, the average interest rate on long-term debt outstanding was 5.69% compared to 5.76% at the end of 2013. The ability of the Company to make debt principal and interest payments depends on the earnings and surplus of subsidiaries, investment earnings on undeployed capital proceeds, available liquidity at the holding company, and the Company’s ability to raise additional funds. Scheduled repayments of debt over the next five years and thereafter total $2.2 million in 2015, $2.5 million in 2016, $302.6 million in 2017, $2.7 million in 2018, $402.8 million in 2019 and $1,606.3 million thereafter. | 132 | 10K |
DirectLineInsuranceGroupPLC-AR_2012 | 10 | Green Flag is our roadside rescue and recovery product, which is sold both as a stand-alone service and as an optional add-on to motor insurance. | 25 | annual_report |
1161 | 196 | (a) Consolidation Practices-The consolidated financial statements include the accounts of the Corporation and those of its major insurance underwriting and service subsidiaries. Non-consolidated insurance marketing and service sub- sidiaries are insignificant and are reflected on the equity basis of accounting. All significant intercompany accounts and transactions have been eliminated in consolidation. | 51 | 10K |
4446 | 1,735 | Dividends may be paid in (1) cash in the form of a check, or by warrant, or (2) wholly or partly in kind by the distribution of assets (in particular, paid up shares, debentures or debenture stock) to shareholders. | 39 | 10K |
SwissReAG-AR_2018 | 2,697 | Climate strategy We regularly assess the actual and potential impacts of climate-related risks and opportunities on our business, strategy and financial planning. | 22 | annual_report |
StorebrandASA-AR_2009 | 766 | 9. ODD ARILD GREFSTAD (43), Executive Vice President, Chief Financial Officer. State Authorised Public Accountant and Authorised Financial Analyst (AFA). 1998-2002 Head of Business Control, Storebrand ASA. 1997-1998 Group Controller, Life Insurance, Storebrand ASA. 1994-1997 Vice President, Internal Audit, Storebrand ASA. 1989-1994 Arthur Andersen & Co. | 46 | annual_report |
BaloiseHoldingLtd-AR_2008 | 347 | He appreciates Baloise because the working climate and environment are motivating, his remit constantly throws up exciting challenges, he has the opportunity to inf luence and monitor issues outside his immediate field and his work is not overburdened with too many rules. | 42 | annual_report |
2778 | 890 | During the third quarter 2005, the Company adopted a formal plan of disposition related to its U.S. financial services operation (the “Discontinued Business”). Preparation of the financial statements in conformity with Canadian and U.S. GAAP requires management to report revenue and expenses for the reporting period as “Discontinued Operations”, and as such is shown separately from continuing operations. See note 5 “Discontinued Operations”. | 63 | 10K |
5513 | 4,040 | A three-level valuation hierarchy has been established under GAAP for disclosure of fair value measurements. The valuation hierarchy is based on the transparency of inputs to the valuation of a financial instrument as of the measurement date. To determine the fair value of securities available-for-sale in Level 1 and Level 2 of the fair value hierarchy, independent pricing sources, as described in "Valuation process," have been utilized. One price is provided per security based on observable market data. To ensure securities are appropriately classified in the fair value hierarchy, we review the pricing techniques and methodologies of the independent pricing sources and believe that their policies adequately consider market activity, either based on specific transactions for the issue valued or based on modeling of securities with similar credit quality, duration, yield and structure that were recently traded. | 137 | 10K |
954 | 270 | Based on currently available information, management does not presently anticipate that the costs to address the Year 2000 issues will have a material adverse impact on the Company's financial conditions, results of operations or liquidity. However, the extent to which the computer operations and other systems of the Company's important third parties are adversely affected could, in turn, affect the Company's ability to communicate with such third parties and could materially affect the Company's results of operations in any period or periods. | 82 | 10K |
3308 | 3,622 | In addition, proposals intended to control the cost and availability of health care services have been debated in the U.S. Congress and state legislatures. Although we do not write health insurance, rules affecting health care services can affect other insurance that we write, including workers compensation and commercial and personal automobile and liability insurance. We cannot determine whether or in what form health care reform legislation may be adopted by the U.S. Congress or any state legislature. We also cannot determine the nature and effect, if any, that the adoption of health care legislation or regulations, or changing interpretations, at the federal or state level would have on us. | 109 | 10K |
5862 | 1,213 | Prior to the IPO, the Company maintained a QLH Class B Restricted Unit Plan (the "QLH Plan"), whereby QLH had the authority to issue units in the form of profits interests to directors, employees, managers, independent contractors, and advisors of QLH and its subsidiaries upon approval of the Board of Directors. The Class B units were equity-classified share-based payments and were recognized utilizing the straight-line method. The fair value of the QLH Class B profits interests was determined on the grant date using the option pricing model. As per the original award terms, all unvested Profit Interest Units on the IPO date were exchanged into QLH Class B-1 units, which when vested, together with Class B common stock are exchangeable for Class A common stock. The awards are no longer in the form of profits interests post-IPO. | 137 | 10K |
StandardLifeAberdeenPLC-AR_2016 | 2,640 | Management determines the classification of derivatives at initial recognition. All derivative instruments are classified as held for trading except those designated as part of a hedging relationship. Held for trading derivatives are measured at fair value with changes in fair value recognised in the consolidated income statement. | 47 | annual_report |
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