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4873 | 1,083 | An increase in gross premiums written in the Insurance segment's casualty and other specialty, property, marine and energy, and professional lines of business, including excess casualty, marine, energy, | 28 | 10K |
3621 | 417 | expenses less management fees to premiums written after reducing both premium amounts by dividends to policyholders. Statutory accounting principles differ in certain respects from GAAP. Under statutory accounting principles, policy acquisition costs and other underwriting expenses are recognized immediately, not at the same time premiums are earned. To convert underwriting expenses to a GAAP basis, policy acquisition expenses are deferred and recognized over the period in which the related premiums are earned. Therefore, the GAAP combined ratio is the sum of the ratio of losses to premiums earned plus the ratio of underwriting expenses less management fees to premiums earned. The following table reflects Ohio Indemnity’s loss, expense and combined ratios on both a statutory and a GAAP basis for the years ended: | 123 | 10K |
5848 | 766 | The Company performs an ongoing evaluation of reinsurance balances outstanding and uses a probability-of-default methodology to estimate the credit allowance for uncollectible amounts. Allowances for uncollectible accounts and notes receivable are established based on a review of amounts outstanding, historical charge off activity, and current and forecasted economic conditions. | 49 | 10K |
TopdanmarkAS-AR_2018 | 206 | Provisioning risk Provisions on ow n account − 1% increase (98) (97) | 12 | annual_report |
NatwestGroupPLC-AR_2013 | 4,400 | 12. General insurance Premiums earned - insurance and reinsurance premiums receivable for the whole period of cover provided by contracts incepted during the year are adjusted by an unearned premium provision, which represents the proportion of the premiums that relate to periods of insurance after the balance sheet date. Unearned premiums are calculated over the period of exposure under the policy, on a daily basis, 24ths basis or allowing for the estimated incidence of exposure under policies. | 77 | annual_report |
911 | 685 | The Company entered into an Agreement and Plan of Merger (the "Cendant Merger Agreement") with Cendant Corporation ("Cendant") under which Cendant would have acquired the Company by merger. The execution of the Cendant Merger Agreement followed the public announcement by Cendant of its tender offer at $58 per share for shares of the Company's of common stock, to be paid in cash and common stock of Cendant, which was subsequently raised to $67. The Cendant Merger Agreement and Cendant's tender offer were terminated in October 1998 and Cendant made a $400 million cash payment to the Company. | 97 | 10K |
4790 | 1,344 | • The medical claims incurred of the Medicare business increased by $151.2 million during the 2012 period primarily due to the increase in member months enrollment in 2012 attributed to increased sales, as well as to the effect of presenting the members acquired from AH for the full period in 2012 and only for eleven months in 2011. The Medicare MLR was 88.8%, which is 60 basis points lower than the MLR for the prior year. Excluding the effect of risk-score premium adjustments and prior period reserve developments in the 2012 and 2011 periods, the MLR increased by 270 basis points, mostly as the result of higher utilization and cost trends in AH, particularly in pharmacy services. | 117 | 10K |
nl_ing_grp-AR_2015 | 6,785 | Many countries, including the Netherlands, have entered into, and other countries are expected to enter into, agreements (‘intergovernmental agreements’ or ‘IGAs’) with the United States to facilitate the type of information reporting required under FATCA. While the existence of IGAs does not eliminate the risk of the withholding described above, these agreements are expected to reduce that risk for financial institutions and investors in countries that have entered into IGAs. IGAs will often require financial institutions in those countries to report information on their U.S. account holders to the taxing authorities of those countries, who will then pass the information to the IRS. | 103 | annual_report |
4225 | 1,908 | The following table presents the amortized cost or cost and fair value of AIG's available for sale securities: | 18 | 10K |
5232 | 689 | For the year ended December 31, 2015, there were no assets or liabilities measured at fair values on a nonrecurring basis. | 21 | 10K |
5501 | 4,173 | Under the Delaware Insurance Code, Brighthouse Life Insurance Company is permitted, without prior insurance regulatory clearance, to pay a stockholder dividend as long as the amount of the dividend when aggregated with all other dividends in the | 37 | 10K |
2384 | 874 | As a result of rating agency downgrades in 2003, Select Portfolio Servicing was unable to be named as a primary servicer on newly issued RMBS transactions rated by Moody’s Investors Service, or Moody’s, and Standard & Poor’s Rating Service, or S&P. On April 28, 2004, Moody’s raised Select Portfolio Servicing’s servicer ratings from SQ4 (“below average”) to SQ3 (“average”). On May 7, 2004, S&P raised Select Portfolio Servicing’s servicer ratings from “below average” to “average.” While Select Portfolio Servicing is now able to be named as primary servicer on newly issued RMBS transactions rated by S&P and/or Moody’s, several of its competitors maintain servicer ratings that are higher than “average.” On March 4, 2005, Fitch upgraded Select | 117 | 10K |
fr_axa-AR_2015 | 4,271 | Despite the Group’s implementation of a variety of security measures, the Group’s systems may in the future be subject to unauthorized intrusions, such as physical or electronic break - ins, unauthorized tampering or other security breaches. Like other global fi nancial institutions and companies, the Group has, from time to time, experienced threats to its data and systems, including malware attacks, unauthorized access, systems failures and disruptions. Management has put in place internal controls and procedures designed to protect client data as well as the Group’s proprietary information from hacking or other types of unauthorized intrusions into the Group’s information technology systems. There is no guarantee, however, that these measures will be effective and prevent all attempted intrusions into the Group’s information systems and any such intrusion could result in operational disruption, loss of sensitive client data and/or proprietary information. | 140 | annual_report |
1948 | 894 | At December 31, 2002, Pumpkin was not in compliance with its debt service covenant due to the prepayment of its term debt during October and November mentioned above. At December 31, 2002, Pumpkin received a waiver with respect to this covenant violation which related solely to this prepayment. | 48 | 10K |
3978 | 587 | The following tables set forth our selected historical consolidated financial information for the last five years. This data should also be read in conjunction with the Consolidated Financial Statements and the accompanying notes presented under Item 8 and with the Management’s Discussion and Analysis of Financial Condition and Results of Operations under | 52 | 10K |
5625 | 721 | Operating expense for 2016 includes banking and related fees of $3.2 million, external professional fees and other due diligence costs related to 2016 acquisitions of $3.9 million, other corporate and clean energy related expenses of $5.7 million, $4.8 million for a biennial corporate-wide meeting, corporate related marketing costs of $7.0 million and $0.8 million related to the litigation settlement. | 59 | 10K |
PhoenixGroupHoldingsPLC-AR_2018 | 1,439 | RISK COMMITTEE The role of the Risk Committee is to advise the Board on risk appetite and tolerance in setting the future strategy, taking account of the Board’s overall degree of risk aversion, the current financial situation of the Group and the Group’s capacity to manage and control risks within the agreed strategy. It advises the Board on all high-level risk matters. | 62 | annual_report |
1358 | 445 | No investment in any person or its affiliates (other than bonds issued by agencies of the United States Government) exceeded ten percent of stockholders' equity at December 31, 1999. | 29 | 10K |
4812 | 1,655 | Consolidated Statements of Changes in Stockholders’ Equity for the years ended December 31, 2013, 2012 and 2011 | 17 | 10K |
NatixisSA-AR_2017 | 9,733 | For individual beneficiaries who are residents for tax purposes in France who hold shares outside a stock saving plan, these dividends are subject to income tax: This amount is estimated based on the amount of share capital at December 31, 2017. It will be adjusted depending on the number of shares(1) entitled to dividend payouts. | 55 | annual_report |
5720 | 1,751 | The following tables provide the Company’s segment results for the years ended December 31, 2019, 2018 and 2017: | 18 | 10K |
5884 | 575 | Under our administrative services only TRICARE contract, health care costs payments for which we do not assume risk exceeded reimbursements from the federal government by $1 million and $63 million in the 2020 and 2019 periods, respectively, and reimbursements from the federal government exceeded health care costs payments for which we do not assume risk by $38 million in the 2018 period. | 62 | 10K |
StandardLifeAberdeenPLC-AR_2017 | 4,212 | Castle, 19808, USA 30 80, route d'Esch, L-1470 Luxembourg, Luxembourg 31 Schweizergasse 14, Zurich, 8001, Switzerland 32 Al Sila Tower, 24th Floor, Abu Dhabi Global Market Square, Al Maryah Island, | 30 | annual_report |
SwissReAG-AR_2016 | 1,266 | For this purpose, Swiss Re’s risk identification processes are supported by a systematic framework that identifies, assesses and monitors emerging risks and opportunities across all areas of Swiss Re’s risk landscape, including potential surprise factors that could affect known loss potentials. A core element of emerging risk management is the SONAR system, which provides an interactive platform for every Swiss Re employee to suggest possible emerging risks and report early signals. This crowdsourcing bottom-up approach is combined with regional emerging risk capabilities in order to also reflect the regional picture. This information is complemented with insights from collaboration with external organisations such as think tanks, academic networks, international organisations and institutions, as well as from interaction with clients. | 118 | annual_report |
4652 | 3,478 | The Company anticipates that it will make cash contributions in 2013 of approximately $140 million to the pension plans and approximately $10 million to the postretirement plans. | 27 | 10K |
4323 | 878 | As of December 31, 2010, the Company has the ability and intent to hold the equity securities until the recovery of the fair value up to the current cost of the investment. However, from time to time if facts and circumstances change, the Company may sell equity securities in the ordinary course of managing its portfolio to meet diversification, credit quality and liquidity guidelines. | 64 | 10K |
5866 | 2,138 | status, see note 2. As of December 31, 2020 and 2019, we had no commercial mortgage loans on non-accrual | 19 | 10K |
HiscoxLtd-AR_2012 | 79 | We have spent the last era building businesses both inside and outside Lloyd’s and I believe we have developed some very strong future profit generators to add to our existing international and retail businesses. I hand over to Robert Childs (who has done incredibly valuable work at Hiscox for 26 years) and the top team with a happy heart. I have had fantastic fun building the business, and it will be just as enjoyable watching the success in the next era. | 81 | annual_report |
gb_prudential-AR_2013 | 5,801 | Prudential is subject to the risk of potential sovereign debt credit deterioration owing to the amounts of sovereign debt obligations held in its investment portfolio Prudential is subject to the risk of potential sovereign debt credit deterioration on the amounts of sovereign debt obligations held in its investment portfolio. In recent years, rating agencies have downgraded the sovereign debt of some countries. There is a risk of further downgrades. | 69 | annual_report |
AegonNV-AR_2012 | 4,462 | Below a breakdown is provided of DPAC balances, including deferred cost of reinsurance by line of business and reporting segment: Americas The | 22 | annual_report |
HiscoxLtd-AR_2001 | 463 | Equalisation provisions are established in accordance with the requirements of the Insurance Companies (Reserves) Act 1995. These provisions, which are in addition to the provisions required to meet the anticipated ultimate cost of settlement of outstanding claims at the balance sheet date, are required by Schedule 9A to the Companies Act 1985 to be included within technical provisions at the balance sheet date notwithstanding that they do not represent liabilities at the balance sheet date. This has had the effect of reducing shareholders’ funds by £11,229,000 (2000: £8,647,000). The movement in equalisation provision during the year resulted in a decrease in the technical account and the Group profit before taxation of £2,582,000 (2000: £2,309,000). | 114 | annual_report |
NatixisSA-AR_2003 | 4,369 | CDC IXIS ASSET MANAGEMENT SA F CDC Finance-CDC IXIS’s permanent representative on the Supervisory Board (since 17 July 2003) | 19 | annual_report |
1117 | 494 | Financial liabilities: Convertible debt $ 74,750 $ 69,133 $ 74,750 $ 58,058 Mortgage and other debt 1,800 1,800 2,002 2,002 | 20 | 10K |
4956 | 863 | At the end of each quarter, we determine whether we need to transfer the fair values of any securities between levels of the fair value hierarchy and, if so, we report the transfer as of the end of the quarter. During 2014, we transferred $1,971,000 from Level 1 to Level 3 because the investments in limited partnerships were fully funded, we used unobservable inputs to derive our estimated fair value for these investments and the unobservable inputs are significant to the overall fair value measurement. | 85 | 10K |
2781 | 1,301 | In 2004, as was also the case in 2003, our actuarial analysis of our reserves indicated that our claims severity had continued to increase as expected in our retained layers. However, we did not experience the high level of losses in our reinsured layers that we originally anticipated and for which we established reserves. Accordingly, we reduced our estimates of prior accident year gross losses by approximately $60.4 million during the year ended December 31, 2004 and $74.2 million during the year ended December 31, 2003. These losses were heavily reinsured; therefore, we reduced expected reinsurance recoveries by $51.7 million in 2004 and $74.1 million in 2003. As previously discussed, these changes to prior year estimates reduced net losses by $8.7 million in 2004 and nominally reduced net losses in 2003. In both 2004 and 2003, the decrease to reinsurance recoveries for prior accident years more than offset reinsurance recoveries for current accident years resulting in a non-traditional relationship between gross losses and recoveries. | 164 | 10K |
4155 | 1,273 | The income tax expense (benefit) related to pre-tax income (loss) for the years ended December 31, 2010, 2009 and 2008 represented effective tax rates of 6.7%, 24.7% and (36.6)%, respectively. Our effective tax rate for the year ended December 31, 2010 was lower than the U.S. statutory rate of 35% due to income generated in jurisdictions other than the United States and recognition of a deferred tax asset for a higher tax basis and deconsolidation of the companies sold as part of the Personal Lines Transaction, partially offset by an increase in the valuation allowance for insurance reciprocals. Our effective tax rate for the year ended December 31, 2009 was lower than the U.S. statutory rate of 35% primarily due to income generated in jurisdictions other than the United States and the settlement of federal income tax audits for 2003 and 2004. Our effective tax rate for the year ended December 31, 2008 was higher than the U.S. statutory rate of 35% due to a pre-tax loss from operations in the United States and income generated in jurisdictions other than the United States, partially offset by non-deductible dividends and accretion on the Berkshire Preferred Stock. | 195 | 10K |
3866 | 1,288 | The parent company’s primary means of meeting liquidity requirements are dividends from our insurance subsidiary, investment income and after-tax sale proceeds from investments held at the parent company level. The parent company’s primary contractual obligations are interest and principal payments on long- and short-term debt as described under Contractual Obligations, Page 73. Other uses of parent company cash include general operating expenses described under Other Commitments, Page 73, as well as dividends to shareholders and common stock repurchases. | 78 | 10K |
3415 | 684 | Our residential property segment includes primarily manufactured housing and site-built dwelling insurance products. Approximately 36% of American Modern’s property and casualty and credit life gross written premium relates to physical damage insurance and related coverages on manufactured homes, generally written for a term of 12 months with many coverages similar to homeowner’s insurance policies. Our recreational casualty segment includes specialty insurance products such as motorcycle, watercraft, recreational vehicle, collector car and snowmobile. Our financial institutions segment includes specialty insurance products such as mortgage fire, collateral protection and debt cancellation, which are sold to financial service institutions or their customers. The all other insurance segment includes products such as credit life, long-haul truck physical damage, commercial, excess and surplus lines and also includes the results of our fee producing subsidiaries. | 129 | 10K |
NNGroupNV-AR_2019 | 667 | Care ‘In our team we genuinely care about our customers and treat them with respect’ | 15 | annual_report |
HannoverRueckSE-AR_2011 | 997 | The gross premium booked by HLR UK totalled EUR 194.4 million (EUR 197.6 million). The operating profit (EBIT) of | 19 | annual_report |
4893 | 1,849 | Investment income for 2013 also reflects a lower invested asset base than in the prior year as a result of the $89.1 million of cash utilized to repurchase our shares during April 2013. See “- Liquidity and Capital Resources - Share Repurchase.” | 42 | 10K |
SwissReAG-AR_2004 | 2,258 | Surety insurance Sureties and guarantees issued to third parties for the fulfilment of contractual liabilities. | 15 | annual_report |
SwissReAG-AR_2005 | 989 | Normally, the members of the Executive Committee attend the meetings of the Board in an advisory capacity. Attendance at Committee meetings is normally restricted to those members of executive management with the information and expertise required for the relevant Committee to perform its duties. The Head of Group Internal Audit and two senior representatives of the external auditor regularly participate in Audit Committee meetings. | 64 | annual_report |
PowszechnyZakladUbezpieczenSA-AR_2012 | 1,689 | The functioning and competencies of the Supervisory Board arising from the Articles of Association | 14 | annual_report |
3250 | 713 | Public utilities: The unrealized losses on public utilities totaled $8.0 million, or 6.5% of our total unrealized losses, and were caused primarily by an increase in market interest rates. Because the decline in market value is attributable to changes in market interest rates and not credit quality, and because we have the ability and intent to hold these investments until recovery of fair value, which may be maturity, we do not consider these investments to be other-than-temporarily impaired at December 31, 2006. | 82 | 10K |
fr_axa-AR_2009 | 1,663 | Income tax expenses decreased by €2 million (-3%) to €-61 million, mainly due to the improvement of the Variable | 19 | annual_report |
5800 | 813 | Realized investment gains (losses) are computed using the specific identification method. Realized investment gains and losses are generated from numerous sources, including the sales of fixed maturity securities, investments in joint ventures and limited partnerships and other types of investments, as well as adjustments to the cost basis of investments for net OTTI recognized in earnings. Realized investment gains and losses also reflect changes in the allowance for losses on commercial mortgage and other loans, and fair value changes on embedded derivatives and free-standing derivatives that do not qualify for hedge accounting treatment. See “Derivative Financial Instruments” below for additional information regarding the accounting for derivatives. | 106 | 10K |
LloydsBankingGroupPLC-AR_2015 | 2,697 | Table 1.39 below shows supplementary value sensitivity to a steepening and flattening in the yield curve. This ensures there are no unintended consequences to managing risk to parallel shifts in rates. | 31 | annual_report |
GjensidigeForsikringASA-AR_2017 | 1,889 | The interest rate risk limit for all time periods are plus/minus 1,500 | 12 | annual_report |
5560 | 906 | $66.6 million of term loans at Kentucky Trailer primarily related to borrowings to finance small acquisitions, its December 28, 2018 acquisition of a controlling interest in CEI and borrowings under its available credit facility; | 34 | 10K |
1483 | 548 | Acquisition costs deferred: Commissions 184,000 566,000 690,000 Other expenses 89,000 154,000 202,000 -------------- --------------- -------------- Total 273,000 720,000 892,000 | 19 | 10K |
de_allianz-AR_2008 | 3,387 | Cost as of January 1, 10,114 13,039 13,090 Accumulated depreciation as of January 1, (2,356) (3,484) (3,521) Carrying amount as of January 1, 7,758 9,555 9,569 | 26 | annual_report |
AvivaPLC-AR_2013 | 1,764 | There were no changes to the current directors’ interests in Aviva shares during the period 1 January 2014 to 4 March 2014. | 22 | annual_report |
BaloiseHoldingLtd-AR_2013 | 3,325 | REPORT ON OTHER LEGAL REQUIREMENTS We confirm that we meet the legal requirements on licensing according to the Auditor Oversight Act (AOA) and independence (article 728 CO and article 11 AOA) and that there are no circumstances incompatible with our independence� | 41 | annual_report |
fr_axa-AR_2009 | 12,527 | Average FTE (Full Time Equivalent) of temporary employees 2,932 -14% 2,532 | 11 | annual_report |
LloydsBankingGroupPLC-AR_2007 | 1,128 | Available capital in the Non-Participating Fund has decreased from £1,962 million at 31 December 2006 to an estimated £1,915 million at 31 December 2007. This is primarily a result of the anticipated transfer from the Non-Participating Fund to the Shareholder Fund at the year end of £300 million, offset by the return generated from the business. | 56 | annual_report |
PhoenixGroupHoldingsPLC-AR_2020 | 2,787 | The Board has prepared a Strategic Report which provides an overview of the development and performance of the Group’s business for the year ended 31 December 2020, covers the future developments in the business of Phoenix Group Holdings plc and its consolidated subsidiaries and provides details of any important events affecting the Company and its subsidiaries after the year-end. For the purposes of compliance with DTR 4.1.5R(2) and DTR 4.1.8R, the required content of the ‘Management Report’ can be found in the Strategic Report and this Directors’ Report, including the sections of the Annual Report and Accounts incorporated by reference. | 100 | annual_report |
5505 | 1,589 | Our consolidated financial statements reflect the effects of assumed and ceded reinsurance transactions. Assumed reinsurance refers to the acceptance of certain insurance risks that other insurance companies have underwritten. Ceded reinsurance involves transferring certain insurance risks (along with the related earned premiums) we have underwritten to other insurance companies who agree to share these risks. The purpose of ceded reinsurance is to protect us, at a cost, against a fixed percentage of losses arising from our mortgage guaranty policies covered by the agreement and to manage our capital requirements under PMIERs. Reinsurance is currently placed on a quota-share basis, but we also have captive reinsurance agreements that remain in effect. The reinsurance agreements we have entered into are discussed below. | 120 | 10K |
BeazleyPLC-AR_2016 | 2,040 | The impairment tests have been performed assuming the group’s operating segments are the CGUs to which the intangible assets have been allocated. As at 31 December 2016, the financial budgets for the life, accident & health segment, in particular, have been challenged in light of the losses incurred over past 12 months and management are comfortable the forecast profits are achievable, supporting the recoverability of the goodwill balance held. To test this segment’s sensitivity to variances from forecast profits, the discount rate has been flexed to 10% above and 5% below the central assumption. Within this range, the recovery of goodwill remains supportable. Headroom was calculated in respect of the value in use of all the group’s other intangible assets. | 120 | annual_report |
2010 | 5,087 | Our 2001 credit facility contains provisions that limit annual capital expenditures. For the year ended June 30, 2002, we are in compliance with these capital expenditure provisions. We believe our capital expenditure program is sufficient to service, expand and improve our existing facilities to meet our quality objectives. | 48 | 10K |
NatixisSA-AR_2004 | 1,498 | NATEXIS INTEREPARGNE 16 - 18, rue Jules César - 75012 PARIS 8,891 EUR 19,329 EUR 100.00% 81,838 81,838 - - 62,762 EUR 5,786 EUR 3,740 * | 26 | annual_report |
1368 | 468 | GAAP loss ratio 66.2% 69.8% 69.4% 70.3% GAAP expense ratio 31.4% 27.4% 28.2% 28.1% ----- ----- ----- ----- Total 97.6% 97.1% 97.6% 98.4% | 23 | 10K |
5265 | 3,836 | The Company is subject to the laws and regulations of states and other jurisdictions concerning the identification, reporting and escheatment of unclaimed or abandoned funds, and is subject to audit and examination for compliance with these requirements. For additional discussion of these matters, see “--Litigation and Regulatory Matters” below. | 49 | 10K |
5112 | 735 | We use a four year averaging method to determine the market-related value of plan assets, which is used to determine the expected return component of pension expense. Under this methodology, asset gains or losses that result from returns that differ from our long-term rate of return assumption are recognized in the market-related value of assets on a level basis over a four year period. The market-related asset experience during 2015 that related to the actual investment return being different from that assumed during the prior year was a loss of $37.0 million. Recognition of this loss will be deferred and recognized over a four year period, consistent with the market-related asset value methodology. Once factored into the market-related asset value, these experience gains and losses will be amortized over a period of 14 years, which is the remaining service period of the employee group. | 144 | 10K |
5061 | 1,172 | 2015. Early adoption is permitted. The Company is currently evaluating the impact of this guidance; however, it is not expected to have a material impact on the Company's Consolidated Financial Statements. | 31 | 10K |
PowszechnyZakladUbezpieczenSA-AR_2011 | 902 | PZU and PZU Życie include disputed claims in the process of recording technical reserves for known claims taking into account the probability of an unfavourable resolution of the dispute and estimating the value of the probable adjudication. In the case of disputed claims related to the valorization of disability pensions in PZU Życie, the claims are recorded in other technical reserves in the amount of the annual value of the pensions above the corresponding amount of the reserve established as part of the arithmetic life insurance reserves. | 87 | annual_report |
de_allianz-AR_2013 | 981 | Global Insurance Lines & Anglo Markets 515 484 515 484 430 425 23 47 111 208 | 16 | annual_report |
3067 | 872 | Each of the actuarial methods used in the analysis and estimation of unpaid losses and LAE depend in part on the selection of an expected pattern with which the aggregate claims data will be paid or will emerge over time, and the assumption that this expected pattern will prevail into the future. We select relevant patterns as part of the periodic review and projection of unpaid losses and LAE. In selecting these patterns, we examine, to the extent available, long-term and short-term historical data for our insurance subsidiaries, benchmarks based on industry data and forecasts made by industry rate bureaus | 100 | 10K |
AegonNV-AR_2015 | 3,210 | The unrealized loss is EUR 140 million and relates to securities issued by the government of the United States of America. | 21 | annual_report |
gb_prudential-AR_2008 | 2,193 | At 31 December 2007, Prudential met the requirements of the IGD. In addition, during 2008, Prudential met the ‘hard test’ of the FSA under the IGD. The IGD position as at 31 December 2008 will be submitted to the FSA by 30 April 2009 and at the time of preparation of these financial statements the surplus capital under the test was estimated to be around £1.7 billion before allowing for the 2008 final dividend giving a solvency ratio of 160 per cent. This is composed of the Group’s IGD surplus at 31 December 2008 which is estimated at £1.4 billion and of an additional £0.3 billion which the FSA has allowed the Group to include in the Group’s IGD surplus going forward as a result of an innovative structure the Group has developed. The £0.3 billion additional capital reflects the Group’s ability to realise a portion of the shareholders’ economic interest in the future transfers from the PAC with-profits fund. The intended sale of the Taiwan agency business announced on 20 February 2009, as discussed in note I10, will when completed increase the IGD surplus capital by approximately £0.8 billion, further strengthening IGD surplus capital to £2.5 billion. | 198 | annual_report |
5038 | 2,210 | Set forth below is a reconciliation of adjusted DCP, a non-GAAP financial measure, to the comparable GAAP financial measure, DCP. DCP is calculated by dividing the amount of reserve for claims and other settlements ("Claims Reserve") by health plan services cost ("Health Plan Costs") during the year and multiplying that amount by the number of days in the year. In this Annual Report on Form 10-K, the following table presents an adjusted DCP metric that subtracts capitation and Medicare Advantage Prescription Drug ("MAPD") payables/costs from the Claims Reserve and Health Plan Costs. Management believes that adjusted DCP provides useful information to investors because the adjusted DCP calculation excludes from both Claims Reserve and Health Plan Costs amounts related to health care costs for which no or minimal reserves are maintained. Therefore, management believes that adjusted DCP may present a more accurate reflection of DCP than does GAAP DCP, which includes such amounts. This non-GAAP financial information should be considered in addition to, not as a substitute for, financial information prepared in accordance with GAAP. You are encouraged to evaluate these adjustments and the reasons we consider them appropriate for supplemental analysis. In evaluating the adjusted amounts, you should be aware that we have incurred expenses that are the same as or similar to some of the adjustments in the current presentation and we may incur them again in the future. Our presentation of the adjusted amounts should not be construed as an inference that our future results will be unaffected by unusual or nonrecurring items. | 255 | 10K |
3815 | 3,473 | Survival ratio is a commonly used industry ratio for comparing reserve levels between companies. While the method is commonly used, it is not a predictive technique. Survival ratios may vary over time for numerous reasons such as large payments due to the final resolution of certain asbestos liabilities, or reserve re-estimates. The survival ratio is computed by dividing the recorded reserves by the average of the past three years of payments. The ratio is the calculated number of years the recorded reserves would survive if future annual payments were equal to the average annual payments for the past three years. The 3-year gross survival ratio of 5.7 as of December 31, 2008 is computed based on total paid losses of $1.307 billion for the period from January 1, 2006 to December 31, 2008. As of December 31, 2008, the one year gross paid amount for total asbestos claims is $294 resulting in a one year gross survival ratio of 8.5. | 160 | 10K |
HelvetiaHoldingAG-AR_2011 | 2,309 | force for many years, requires sufficient volume-based capital to cover the insurance obligations, the required capital is calculated on a risk basis for the “Swiss Solvency Test” (SST) which entered into force on 1 January 2011. | 36 | annual_report |
5026 | 1,189 | As described in Management’s Report on Internal Control over Financial Reporting, management has excluded Clayton Holdings LLC from its assessment of internal control over financial reporting as of December 31, 2014 because it was acquired by the Company in a purchase business combination during 2014. We have also excluded Clayton Holdings LLC from our audit of internal control over financial reporting. Clayton Holdings LLC is a wholly-owned subsidiary whose total assets and total revenues represent 4.9% and 7.2%, respectively, of the related consolidated financial statement amounts as of and for the year ended December 31, 2014. | 96 | 10K |
5860 | 907 | (3) Adjusted operating income (loss) is a non-GAAP financial measure. We calculate adjusted operating income as net income, excluding net realized investment gains (losses), impairment of goodwill and expenses relating to various transactions that we consider to be unique and non-recurring in nature (net of estimated tax impact). See “Management’s Discussion and Analysis of Financial Condition and Results of Operations - Reconciliation of Non-GAAP Financial Measures” for a reconciliation of net income in accordance with GAAP to adjusted operating income. | 80 | 10K |
5331 | 1,983 | The amount of assets required to satisfy the revised financial requirements of the PMIERs at any point in time will be affected by many factors, including macro-economic conditions, the size and composition of our eligible mortgage insurers’ mortgage insurance portfolio at the point in time, and the amount of risk ceded to reinsurers that may be deducted in our calculation of “minimum required assets.” The Company’s eligible mortgage insurers satisfied the PMIERs’ financial requirements as of December 31, 2016. | 79 | 10K |
5100 | 1,702 | Bankruptcy-related credits offset the first $5 million payment due under each of the NOL usage Tiers A, B and C. Pursuant to the Internal Revenue Service closing agreement the United States Department of Treasury receives 12.5% of Tier C and 17.5% of Tier D Tolling Payments. | 46 | 10K |
fr_axa-AR_2013 | 984 | Net capital gains or losses attributable to shareholders net of income tax (47) (37) (37) | 15 | annual_report |
2601 | 840 | Standard Management and Capital Assurance have made customary representations, warranties and covenants in the Agreement, including, among others, covenants by Standard Management (i) to conduct the business of Standard Life in the ordinary course and maintain necessary permits and insurance policies during the interim period between the execution of the Agreement and closing, (ii) to not engage in certain types of transactions during such period, (iii) to cause a meeting of the shareholders of Standard Management to be held to approve the Agreement and the transactions contemplated thereby, (iv) to not solicit proposals relating to an alternative sale or business combination transaction and (v) subject to certain exceptions, not to enter into discussions concerning or provide confidential information in connection with proposals for alternative sale or business combination transactions. In addition, Standard Management has agreed to purchase certain assets from Standard Life at closing for approximately $6 million. | 148 | 10K |
5231 | 1,886 | Service Cost: Service cost represents the increase in the projected benefit obligation as a result of benefits payable to employees on service rendered during the current year. | 27 | 10K |
StandardLifeAberdeenPLC-AR_2019 | 1,262 | Directors are required to attend all meetings of the Board and the Committees they serve on, and to devote enough time to the Company to perform their duties. Board and Committee papers are distributed before meetings other than, by exception, urgent papers which may need to be tabled at the meeting. The Board sometimes needs to call or rearrange meetings at short notice and it may be difficult for all Directors to attend these meetings. If Directors are not able to attend a meeting because of conflicts in their schedules, they receive all the relevant papers and have the opportunity to submit their comments in advance to the Chairman or to the Company Secretary. If necessary, they can follow up with the Chairman of the meeting. The Board has established the Standing Committee as a formal procedure for holding unscheduled meetings. The Standing Committee meets when, exceptionally, decisions on matters specifically reserved for the Board need to be taken urgently. All Directors are invited to attend Standing Committee meetings. The Standing Committee met 4 times during 2019. | 177 | annual_report |
4321 | 1,051 | At December 31, 2010, the Company had a net payable to CoreLogic of $61.5 million related to tax matters prior to the Separation. This amount is included in the Company’s consolidated balance sheet in due to CoreLogic/TFAC, net. At December 31, 2009, the Company had a net receivable from TFAC of $14.2 million related to tax matters prior to the Separation. This amount is included in the Company’s consolidated balance sheet in income taxes receivable and accounts payable and accrued liabilities. | 81 | 10K |
AegonNV-AR_2019 | 5,458 | Impact from assumption and model updates The 2019 assumption changes and model updates amounted to a negative impact of EUR 196 million and mainly relates to Aegon’s businesses in the Americas and the Netherlands. Assumption changes and model updates in the Americas led to a net negative impact of EUR 64 million mainly driven by updates to Universal Life products for surrender, lapse and mortality to reflect actual experience, partially offset by gains driven by updates to the annuitization of Variable Deferred Annuities Guaranteed Minimum | 85 | annual_report |
AvivaPLC-AR_2013 | 917 | Employee involvement in business performance is encouraged through a number of share plans including Save As You Earn, share matching plan and share awards are given as a long-term incentive for some senior managers. | 34 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2005 | 473 | Board committees1 1 See page 8 f. for distribution of responsibilities on the Board of Management. 2 Not a member of the Board of Management. | 25 | annual_report |
fr_axa-AR_2007 | 4,370 | Equity component of convertible debt 95 95 203 203 203 203 | 11 | annual_report |
RaiffeisenBankInternationalAG-AR_2014 | 3,461 | The Company’s management is responsible for the Group accounting system and for the preparation and fair presentation of these consolidated financial statements in accordance with International Financial Reporting Standards (IFRSs) as adopted by the EU and the additional requirements pursuant to §§ 245a UGB (Austrian Commercial Code) and 59a BWG (Austrian Banking Act). This responsibility includes: designing, implementing and maintaining internal control relevant to the preparation and fair presentation of the consolidated financial statements that are free from material misstatement, whether due to fraud or error; selecting and applying appropriate accounting policies; and making accounting estimates that are reasonable in the circumstances. | 102 | annual_report |
nl_ing_grp-AR_2019 | 1,911 | ▪ the report of the Executive Board in the ING Group Annual Report 2019 states those material risks and uncertainties that are relevant to the expectation of ING Groep N.V.’s continuity for the period of twelve months after the preparation of this report. | 43 | annual_report |
AegonNV-AR_2019 | 3,737 | Income before tax (excluding income tax from certain proportionately consolidated joint ventures and associates) 625 909 (31) | 17 | annual_report |
4077 | 372 | A 10% increase in future maintenance expenses would result in a reduction in DAC and VOBA, and an increase in current period amortization expense of $2.2 million. | 27 | 10K |
HannoverRueckSE-AR_2005 | 315 | Our primary focus in marine reinsurance was the consolidation of our portfolio. While we write a relatively broadly spread portfolio in the non-proportional sector, we concentrate our proportional treaty acceptances on just a few lines (e.g. offshore) and work together with providers of niche products. Facultative business is written on a purely opportunistic basis. In North America too marine business posted heavy losses in the year under review. Most notably, hurricanes "Katrina " and "Rita" inflicted serious damage on oil facilities in the Gulf of Mexico. Particularly in this region, therefore, we shall respond by reducing our natural catastrophe aggregate. | 100 | annual_report |
3998 | 3,787 | The Company adopted ASC 740-10 “Accounting for Uncertainty in Income Taxes,” effective January 1, 2007 which clarifies the accounting for uncertainty in income taxes recognized in the financial statements in accordance with ASC Topic 740 “Income Taxes” on January 1, 2007. ASC 740-10 prescribes a more likely than not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For a tax benefit to be recognized, a tax position must be more likely than not to be sustained upon examination by applicable taxing authorities. The benefit recognized is the amount that has a greater than 50% likelihood of being realized upon final settlement of the tax position. The change in net assets, because of applying this pronouncement, is considered a change in accounting principle with the cumulative effect of the change required to be treated as an adjustment to the opening balance of retained earnings. The cumulative effect of implementing ASC 740-10 was an increase of $3.4 million to the beginning balance of retained earnings for the year ended December 31, 2007. | 183 | 10K |
AvivaPLC-AR_2020 | 465 | • Provided risk management and prevention guidance to business customers, virtually and on-site. | 13 | annual_report |
NatixisSA-AR_2008 | 2,664 | The Group produces an annual report on training activities which is distributed to employees of Natixis and its subsidiaries. The report compiles data on training courses as follows: cross-cutting training activities (information technology, foreign languages, regulatory affairs, etc.), training pathways (induction, functional training, managerial training) and other training initiatives | 49 | annual_report |
2463 | 5,646 | Investment income for the year ended December 31, 2004 was also affected by various finite and other reinsurance contracts where premiums payable under such contracts were retained on a funds withheld basis. In order to reduce credit risk or to comply with regulatory credit for reinsurance requirements, a portion of premiums paid under such reinsurance contracts is retained by the cedent pending payment of losses or commutation of the contract. Investment income on such withheld funds is typically for the benefit of the reinsurer and the cedent may provide a minimum investment return on such funds. We have both ceded and assumed reinsurance contracts that involve the withholding of premiums by the cedent. On assumed reinsurance contracts, cedents held premiums and accrued investment income due to us of $0.0 million and $26.4 million as of December 31, 2004 and 2003, respectively, for which we have recognized $0.9 million and $1.7 million of investment income for the years ended December 31, 2004 and 2003, respectively. On ceded reinsurance contracts, we held premiums and accrued investment income of $86.4 million and $124.1 million due to reinsurers as of December 31, 2004 and 2003, respectively, for which we recognized a charge to investment income of $8.0 million and $9.1 million during the year ended December 31, 2004 and 2003, respectively. On a net basis, this reduction to investment income was $3.4 million and $2.5 million for the year ended December 31, 2004 and 2003, respectively, representing the difference between the stated investment return under such contracts and the overall yield achieved on our total investment portfolio for the period. The weighted average contractual investment return on the funds held by PXRE is 7.4% and 6.8% for the year ended December 31, 2004 and 2003, respectively, and we expect to be obligated for this contractual investment return for the life of the underlying liabilities, which is expected to be two years as of December 31, 2004 on a weighted average basis. | 327 | 10K |
AdmiralGroupPLC-AR_2019 | 83 | *1. Alternative Performance Measure (APM) – refer to Glossary for definition and explanation, and to note 13 for reconciliation. | 19 | annual_report |
5414 | 505 | We believe that investors’ understanding of UPC Insurance’s performance is enhanced by our disclosure of the following non-GAAP measures. Our methods for calculating these measures may differ from those used by other companies and therefore comparability may be limited. | 39 | 10K |
HannoverRueckSE-AR_2007 | 2,261 | Shareholdings pursuant to Item 6.6 of the German Corporate Governance Code | 11 | annual_report |
1807 | 448 | We anticipate the management agreement between Forever Enterprises, Inc. and National Prearranged Services entered into in January 2002 will provide sufficient cash above that necessary to meet our monthly repayment obligations under said agreement. | 34 | 10K |
5938 | 1,404 | At December 31, 2020, future minimum lease payments under non-cancelable operating leases were as follows: | 15 | 10K |
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