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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 th...
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 ...
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 da...
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...
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 m...
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 ...
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...
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 t...
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 Cond...
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 ma...
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....
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 divid...
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 paym...
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 emergi...
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 portfol...
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 tea...
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 po...
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 ...
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 partnership...
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 reser...
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 generat...
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-t...
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 ...
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 Inte...
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...
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 adjustme...
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 g...
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...
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 earne...
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...
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 objec...
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...
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 mar...
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 pensi...
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 pat...
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...
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 tha...
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-...
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 excl...
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 t...
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 cede...
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...
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 sometime...
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 t...
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...
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 C...
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 busi...
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 th...
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, fu...
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 pr...
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