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PosteItalianeSpA-AR_2020 | 458 | Poste Italiane has signed agreements with a large network of retail outlets (over 37 thousand at 31 December 2020). The main types of agreements entered into are listed below.: z Proximity networks: partners that enable their local points of presence to offer Poste Italiane services to consumers (e.g.: tobacconists to pay slips, top up Postepay cards, accept/deliver parcels), ENI to pay slips, API to accept/deliver parcels, DO (organised distribution) and GDO (large organised distribution) to pay slips; z Placement Agents: partners, authorised by the Bank of Italy, which sell Poste Italiane’s financial products (e.g.: Lottomatica, which sells Poste Italiane’s full acquiring to the tobacconist network); z Technology Enablers: partners that enable Poste Italiane to sell its products to “third-party” customers via its own service platforms (iPratico, Team System for the sale of acquiring); z Partners: legal entities that offer their associates/stores the purchase of products directly from Poste Italiane, through the stipulation of “framework agreements” (e.g.: ENI and its distributors for the purchase of acquiring). | 165 | annual_report |
SwissReAG-AR_1999 | 627 | Swiss Re, Zurich, performs a dual role within the Swiss Re Group as both a reinsurance and a holding company. Around 27% of the total gross premium income of the Swiss Re Group is attributable to business acquired directly by Swiss Re, Zurich. An assessment of the market position, profitability and financial strength of our worldwide organisation must focus primarily on the consolidated financial statements. | 65 | annual_report |
5570 | 556 | Investment in technology. We continue to develop and invest in our technology platform to drive scalability, adaptability, and efficiency in both the Corporate Channel and Franchise Channel. We believe our significant proprietary investment in our technology is a key competitive advantage that supports our growth rate and operating margins. | 49 | 10K |
gb_prudential-AR_2001 | 75 | Keith Bedell-Pearce retired from the Board at the end of the year. Keith had been with Prudential for almost 30 years and he made an enormous contribution to the development of the Company. I have personally appreciated his wise counsel since I joined the Board. | 45 | annual_report |
1097 | 449 | The following table sets forth information about the Registrant's other principal properties: | 12 | 10K |
StandardLifeAberdeenPLC-AR_2020 | 973 | • The skills of the External audit team and their compliance with auditor independence requirements, the approved audit plan, the quality of the firm’s execution of the audit, and the agreed audit and non-audit fees | 35 | annual_report |
210 | 365 | INCOME TAX EXPENSE totaled $85.4 million in 1995, $74.7 million in 1994 and $57.0 million in 1993, representing effective tax rates of 31% in all three years. These tax rates reflect the favorable impact of certain affordable housing tax credits. | 40 | 10K |
5165 | 828 | Likewise, the Company is sometimes named as a cross-defendant in litigation, which is principally directed against an insured who was issued a policy of insurance directly or indirectly through the Company. Incidental actions related to disputes concerning the issuance or non-issuance of individual policies are sometimes brought by customers or others. These items are also handled on a routine basis by the Company’s counsel, and they do not generally affect the operations of the Company. Management is confident that the ultimate outcome of pending litigation should not have an adverse effect on the Company's consolidated results of operations or financial position. The Company vigorously defends itself unless a reasonable settlement appears appropriate. | 112 | 10K |
5899 | 1,089 | The following table presents the estimated future amortization expense related to other intangible assets as of December 31, 2020: | 19 | 10K |
ScorSE-AR_2019 | 1,081 | 2.1.3.8. Negative disclosures about members of the Board of Directors and the Executive Committee | 14 | annual_report |
2241 | 1,515 | Loss frequency in 2003 was lower in all areas - fire, theft and other perils. Our frequency fell by 28% in 2003 and 19% in 2002. | 26 | 10K |
5677 | 310 | The locations where Allstate exclusive agencies and exclusive financial specialists operate in the U.S. are normally leased by the agencies and financial specialists. | 23 | 10K |
1147 | 297 | Year ended December 31 ---------------------- 1999 1998 1997 ---- ---- ---- Fixed maturities $5,752,154 $5,463,418 $4,694,838 Equity securities 1,380 8,095 48,960 Short-term investments 238,017 260,725 253,053 --------- --------- --------- Total investment income 5,991,551 5,732,238 4,996,851 Less investment expenses 664 335 590 --------- --------- --------- Net investment income $5,990,887 $5,731,903 $4,996,261 ========= ========= ========= | 53 | 10K |
5869 | 1,777 | The assumptions used in these projections required the use of significant management judgment. If management's assessment changed in the future, the Company may have ultimately recorded a loss after having originally concluded that the decline in value was temporary. | 39 | 10K |
4030 | 1,526 | No contractual provisions exist that could create, increase or accelerate those obligations presented. The amount presented includes contractual principal payments and interest based on rates in effect at December 31, 2009. | 31 | 10K |
fr_axa-AR_2010 | 121 | AXA determines its dividend policy on the basis of its adjusted earnings minus interest charges on undated debt, and, in each of the past several years, with the exception of 2009, AXA | 32 | annual_report |
1837 | 246 | Loss and loss adjustment expenses: Vesta has recorded liabilities for loss and loss adjustment expenses of $281.0 million at December 31, 2001. Vesta maintains property-casualty loss reserves to cover the estimated ultimate unpaid liability for losses and loss adjustment expenses with respect to reported and unreported claims incurred. Reserves do not represent an exact calculation of the ultimate liability, but instead represent estimates, generally utilizing actuarial projection techniques. These reserve estimates are expectations of what the ultimate settlement and administration of claims will cost based on an assessment of facts and circumstances then known, review of historical settlement patterns, estimates of trends in claims severity and frequency, estimates of reinsurance recoverables, estimates of salvage and subrogation and other factors. Vesta believes its liability for loss and loss adjustment expenses is adequate, however given the inherent uncertainty in reserve estimates, there can be no assurance that the ultimate amount of actual losses will not exceed the related amounts currently estimated. Furthermore, any such differences, either positive or negative, could have a material effect on our results of operations and could be material to our financial position. | 185 | 10K |
4931 | 526 | The accompanying consolidated financial statements do not include any adjustments to reflect the possible future effects of this uncertainty on the recoverability or classification of recorded asset amounts or the amounts or classification of liabilities. | 35 | 10K |
3072 | 1,037 | The assumed health care cost trend rates have a significant effect on the amounts reported for the postretirement plan. A one percentage point change in assumed health care cost trend rates would have the following effects for the year ended December 31, 2006: | 43 | 10K |
HelvetiaHoldingAG-AR_2014 | 1,908 | Realised gains and losses on financial instruments and investment property – 213.0 – 21.5 | 14 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2006 | 919 | Although premium showed a downturn in our major segment, aviation reinsurance, we maintained our overall premium volume by expanding specific growth areas and launching new products. Gross premiums written show a reduction merely because the previous year’s figure benefited from a one-off effect. | 43 | annual_report |
DirectLineInsuranceGroupPLC-AR_2017 | 757 | Biography Mike is Managing Director, Personal Lines. He joined Direct Line in 2014 and has over 10 years’ insurance industry experience. Under his leadership, the Personal Lines division has delivered strong growth, improved profitability and strengthened its competitive position. This has been achieved through a strong focus on our customers, by enhancing our proposition across our brands and channels, and improving our capability in trading, pricing and digital. Mike was previously CEO of RSA Group’s Scandinavian businesses, Codan A/S and Trygg-Hansa, and before that UK Managing Director of Personal Lines at RSA, responsible for the MORETH>N, Partnerships and the Broker businesses. Before joining RSA, Mike had many general management, marketing and customer growth roles across several industries including the energy, telecoms and retail sectors. | 124 | annual_report |
3181 | 1,488 | The Company, through its agent, lends certain portfolio holdings and in turn receives cash collateral. The cash collateral is invested in high-quality short-term investments. The Company’s policy requires a minimum of 102% of the fair value of the securities loaned to be maintained as collateral. Net returns on the investments, after payment of a rebate to the borrower, are shared between the Company and its agent. Both the borrower and the Company can request or return the loaned securities at any time. The Company maintains ownership of the securities at all times and is entitled to receive from the borrower any payments for interest or dividends received on such securities during the loan term. | 114 | 10K |
3459 | 1,457 | Personal and commercial liability umbrella policies are reinsured on a 95% quota share basis in regard to limits up to $1,000 and 100% quota share basis for limits in excess of $1,000 but not exceeding $5,000 for policies with underlying automobile coverage of $250/$500 or more. We also have personal liability umbrella reinsurance coverage for policies with underlying automobile coverage of $100/$300 on a 65% quota share basis for limits up to $1,000 and 100% quota share basis for limits in excess of $1,000 but not exceeding $3,000. These coverages are placed with Swiss Re America Corporation. | 97 | 10K |
4150 | 793 | The Company worked with an independent valuation firm to determine the fair value of the indefinite lived intangible assets related to the 2010 acquisition, which include trademarks. The impairment test performed in 2010 did not result in impairment of these assets. | 41 | 10K |
5605 | 9,163 | White Mountains reported income tax benefit of $33 million in 2016 on pre-tax loss from continuing operations of $147 million. White Mountains’s effective tax rate was different from the 2016 U.S. federal statutory rate of 35% primarily due to a full valuation allowance on all of the net deferred tax assets at U.S. operations including a $21 million tax benefit generated by the sale of Tranzact recognized in continuing operations related to the reversal of a valuation allowance that resulted from income that was recognized within discontinued operations, income generated in jurisdictions with lower tax rates than the United States and a tax benefit recorded at BAM related to its MSC collected. For BAM, MSC collected and the related taxes thereon are recorded directly to non-controlling interest equity, while the valuation allowance on such taxes is recorded through the income statement. As a result, BAM recorded a tax benefit of $11 million associated with the valuation allowance on taxes related to MSC collected that is included in the effective tax rate. | 171 | 10K |
2222 | 735 | According to an A.M. Best Company report dated June 6, 2003, Fremont executed a letter of oversight with the Department on November 27, 2000, which provided the Department with certain oversight privileges in return for allowing Fremont to discount its workers' compensation loss and allocated loss adjustment expense reserves related to 1999 and prior accident years. Under a permitted accounting practice, a discount rate of 4.25% was applied to the loss and allocated loss adjustment expense reserves as of June 30, 2000. On December 31, 2001, the Department revised the permitted accounting practice to allow Fremont to discount its workers' compensation loss and loss adjustment expense reserves for accidents occurring in 2001 and earlier using a 5.5% discount rate. | 119 | 10K |
5851 | 6,941 | • approximately $770 million in net outflows from the issuance and repayment of long-term debt; | 15 | 10K |
PosteItalianeSpA-AR_2019 | 3,310 | � Poste Italiane’s sustainability strategy �Work with transparency and integrity � Companies assessed for risks related to corruption and percentage of operations audited for risks related to corruption � Reports managed by the Whistleblowing Committee � Anti-competitive practices � Specific training on procedures and policies of anti-corruption � Cases of bribery and corruption and corrective actions | 56 | annual_report |
StandardLifeAberdeenPLC-AR_2018 | 827 | In view of the corporate transformation over the last two years, the business remains well positioned to benefit from the trends which are shaping the investment landscape. However, there remains unavoidable uncertainty due to Brexit, and in particular, a no-deal Brexit. The Group has well established plans for an orderly Brexit however there are impacts of a no-deal Brexit that are difficult to plan for and which could be disruptive. The degree of market disruption, and hence volatility, as a result of a no-deal Brexit is difficult to predict but our teams have processes in place to support the smooth and orderly governance of our funds should there be a disruption to pricing or liquidity of underlying assets. | 118 | annual_report |
TrygAS-AR_2004 | 1,533 | Note 10 Shareholders’ equity Share capital Balance 1 January 1,700 1,300 Capital increase 0 400 | 15 | annual_report |
5610 | 997 | In December 2018, the IRS released its guidance for determining the Tax Act transition adjustment related to the discounting of loss reserves. During the period ended December 31, 2018, the Company recorded an increase in its deferred tax assets and a corresponding increase in its deferred tax liabilities as a result of the transition adjustment, which had no impact on tax expense recognized in 2018. As of December 31, 2018, we have completed our accounting for the tax effects of enactment of the Tax Act. | 85 | 10K |
PhoenixGroupHoldingsPLC-AR_2017 | 3,919 | PGH’s eligible Own Funds to cover MCR is £5.3 billion (2016: £5.2 billion) leaving an excess of eligible Own Funds over MCR of £4.1 billion (2016: £4.0 billion), which translates to an MCR coverage ratio of 448% (2016: 409%). | 39 | annual_report |
RSAInsuranceGroupPLC-AR_2017 | 1,774 | – Cash bonuses may be bought out with Restricted Shares in order to give the Director an early ‘stake’ in RSA. – The Committee may agree to reduce the value of the compensatory award below the anticipated or actual loss value if the compensation is paid at an advanced date (i.e. early settlement). | 53 | annual_report |
StorebrandASA-AR_2004 | 479 | The Control Committee is entitled to use the resources of the internal audit function as and when required. | 18 | annual_report |
ch_zurich_insurance_group-AR_2011 | 1,941 | Other governments and supra-nationals 34,350 33,226 1,553 923 (1,303) (855) 34,600 33,294 | 12 | annual_report |
fr_axa-AR_2011 | 1,496 | Investment margin increased by €26 million (+10%) to €288 million mainly driven by higher investment income | 16 | annual_report |
MuenchenerRueckversicherungsGesellschaftAGinMuenchen-AR_2010 | 1,759 | in 2003, munich Reinsurance company established a contractual trust agreement in the form of a two-way trust for its unfunded company pension obligations. to finance these obligations, it is necessary for the trust assets to correspond to the present value of pension obligations. in the process, however, account has to be taken of the difference between the actuarial interest rate relevant for measuring the obligations and the return attainable on the investments. therefore, the present value of the pension obligations was calculated using an actuarial interest rate equivalent to the expected investment return, which increased the present value of defined benefit obligations at 31 december 2010 by €112m (81m). | 109 | annual_report |
508 | 310 | The Company's primary business segments are cyclical in nature, with the spring and summer months historically being the strongest. However, interest rate adjustments by the Federal Reserve Board, as well as other economic factors, can cause unusual fluctuations in the Company's quarterly operating results. See Management's Discussion and Analysis on pages 13-19 of this report for further discussion of the Company's results of operations. | 64 | 10K |
TopdanmarkAS-AR_2016 | 193 | The number of Topdanmark shares was 95,000,000 at 10 February 2017, of which Topdanmark’s holding of own shares was 8,695,000. If, contrary to expectations, no further shares are bought back before the Annual General Meeting on 4 April 2017, the number of voting shares will be 86,305,000. | 47 | annual_report |
4124 | 692 | Loss reserves are established to account for the estimated ultimate costs of losses and loss expenses for claims that have been reported but not yet settled and claims that have been incurred but not reported. | 35 | 10K |
LloydsBankingGroupPLC-AR_2006 | 1,057 | In addition, the following unfunded benefits have accrued for Mr van den Bergh instead of a salary increase in 2002: The disclosures in columns (a) to (d) are as required by the Companies Act 1985 Schedule 7A. | 37 | annual_report |
1817 | 471 | Other operating expenses consist of facilities expenses, postage and courier services, computer services, professional services, advertising expense, general insurance, provision for claim losses, trade and note receivable allowances, depreciation and amortization expense and interest expense. | 35 | 10K |
4811 | 3,060 | The fair value of Stock Options is estimated on the date of grant using a binomial lattice model. Significant assumptions used in MetLife, Inc.’s binomial lattice model are further described below. The assumptions include: expected volatility of the price of Shares; risk-free rate of return; dividend yield on Shares; exercise multiple; and the post-vesting termination rate. | 56 | 10K |
fr_axa-AR_2002 | 93 | Shareholders At AXA, we seek to satisfy our shareholders by achieving operating performance that ranks among the best in the industry, and by furnishing complete and accurate financial information. | 29 | annual_report |
5470 | 277 | Gross written premiums at American Southern increased $2.0 million, or 3.6%, during 2017 as compared to 2016. The increase in gross written premiums was primarily attributable to an increase in automobile liability written premiums from existing programs. Also contributing to the increase in gross written premiums were increases in the automobile physical damage and surety lines of business from two new agencies. | 62 | 10K |
5600 | 1,259 | (1) See the Results of Operations section of this MD&A for the Company's definition of amortized hedge costs. | 18 | 10K |
5446 | 714 | As disclosed in Note 15 “Fair Value Measurements and Financial Instruments” of the Notes to Consolidated Financial Statements, the majority of our investments carried at fair value are money market funds. These money market funds are held throughout the world with various financial institutions. We are not aware of any market liquidity issues that would materially impact the fair value of these investments. | 63 | 10K |
CNPAssurancesSA-AR_2013 | 407 | No.1 in 2013, Caixa seguros was named Best Brazilian insurer for human resources management by the Epoca Negocios 360° following a benchmarking survey of best practices in 250 companies. | 29 | annual_report |
NatixisSA-AR_2006 | 4,917 | Variable income securities valued on a listed market (listed securities) or using another valuation method (unlisted securities valued on the basis of price-earnings ratio or discounted cash fl ows) break down as follows: 8.1.1.1 - Variable income securities at fair value through profit and loss | 45 | annual_report |
ScorSE-AR_2019 | 2,727 | Gain from bargain purchase (Badwill) 26 2Step acquisition – P&L gain/(loss) | 11 | annual_report |
PowszechnyZakladUbezpieczenSA-AR_2018 | 1,051 | In 2018 one of the main innovative projects in Link4 was the deployment of Robotic Process Automation, i.e. RPA technology. This solution imitates human work and is capable in simple tasks of fully assisting employees in their daily tasks. That means employees can do more interesting and more development-focused tasks offering greater business value to the company. | 57 | annual_report |
2742 | 1,159 | Reinsurance does not discharge or diminish the primary liability to insureds of the companies as direct insurers. However, it does permit the companies to recover losses from the reinsurer. To the extent that reinsuring companies are unable to meet obligations arising under reinsuring agreements, the Company would remain liable. | 49 | 10K |
5071 | 1,368 | During 2015, we repurchased approximately 182 million shares of AIG Common Stock for an aggregate purchase price of approximately $10.7 billion pursuant to this authorization. The total number of shares of AIG Common Stock repurchased in 2015 includes (but the aggregate purchase price does not include) approximately 3.5 million shares of AIG Common Stock received in January 2015 upon the settlement of an ASR agreement executed in the fourth quarter of 2014. Pursuant to Exchange Act Rule 10b5-1 repurchase plans, from January 1 to February 11, 2016, we have repurchased approximately $2.5 billion of additional shares of AIG Common Stock. | 100 | 10K |
2801 | 876 | As of December 31, 2005, both Federated National and American Vehicle were in compliance with all regulatory requirements. However, as a result of the hurricanes striking Florida in August and September 2004, we were technically not in compliance with certain regulatory requirements. To retain our certificates of authority, Florida insurance laws and regulations require that our insurance company subsidiaries, Federated National and American Vehicle, maintain capital surplus equal to the greater of 10% of its liabilities or the 2004 statutory minimum capital and surplus requirement of $4.00 million as defined in the Florida Insurance Code. As of December 31, 2004, Federated National was not in compliance with its requirement to maintain minimum capital surplus primarily based on the incurred losses associated with the four hurricanes that occurred in August and September 2004. Under the provisions afforded Federated National according to Statement of Statutory Accounting Principles No 72 titled “Surplus and Quasi-reorganizations”, compliance with this provision was restored by way of a surplus infusion from 21st Century. American Vehicle remains in compliance with statutory minimum capital and surplus requirement. The insurance companies are also required to adhere to prescribed premium-to-capital surplus ratios. As of December 31, 2004, Federated National did not comply with the prescribed premium-to-capital surplus ratio, primarily based on the incurred losses associated with the four hurricanes that occurred in August and September 2004. Under the provisions afforded Federated National according to Statement of Statutory Accounting Principles No 72, compliance with this provision was also restored. American Vehicle remains in compliance with statutory premium-to-capital surplus ratios. | 257 | 10K |
RaiffeisenBankInternationalAG-AR_2007 | 382 | Вирази: Бажаємо приємного перебування. Дуже дякую! Ось, будь ласка. Як забажаєте. Зробіть ласку ... | 14 | annual_report |
5218 | 1,062 | In 2016, total large losses incurred increased by $24 million, or 14 percent, net of reinsurance. The corresponding ratio increased 0.7 percentage points. The 2016 increases on both a dollar and ratio basis were primarily due to higher amounts for our commercial casualty and commercial property lines of business. In 2015, total large losses incurred and the corresponding ratio was lower than it was in 2014, largely due to a lower amount of large losses for our commercial casualty and commercial property lines of business. Our analysis indicated no unexpected concentration of these losses and reserve increases by geographic region, policy inception, agency or field marketing territory. We believe the inherent volatility of aggregate loss experience for our portfolio of larger policies is greater than that of our portfolio of smaller policies, and we continue to monitor the volatility in addition to general inflationary trends in loss costs. | 148 | 10K |
INGGroepNV-AR_2015 | 7,810 | 2 We achieved our target of reaching 1 million children through UNICEF education programmes in 2005-2015. We are now supporting a new UNICEF programme, Power for Youth, that aims to empower 335,000 adolescents by 2018. Progress on this is not included in this table and will be reported on our website. | 51 | annual_report |
4370 | 1,781 | Additionally, ILFC recorded impairment charges, fair value adjustments and lease-related charges of $1.7 billion in each of 2011 and 2010. The impairment charges in 2011 resulted from unfavorable trends affecting the residual values of certain aircraft types. In monitoring the aircraft in ILFC's fleet for impairment charges on an on-going basis, ILFC considers facts and circumstances such as projected lease rates and terms, residual values, overhaul rental realization and aircraft holding periods. These items are considered in determining whether ILFC would need to modify its assumptions used in its recoverability assessments. In addition to these factors, ILFC considered its newly acquired end-of-life management capabilities from its acquisition of AeroTurbine and its impact on ILFC's strategy, as well as potential sales. While ILFC's overall business model has not changed, its expectation of how it may manage out-of-production aircraft, or aircraft that have been affected by new technology developments, changed due to the AeroTurbine acquisition. The result of the overall assessment based on ILFC's updated assumptions and management's change in its end-of-life strategy for older generation aircraft indicated that the book value of certain aircraft were not fully recoverable and these aircraft were deemed impaired. The aircraft impaired were primarily out-of-production aircraft, or aircraft that have been impacted by new technology developments. | 210 | 10K |
1653 | 406 | Benefits, Claims and Settlement Expenses. Benefits, claims and settlement expenses decreased $1.3 million, or 17%, from $7.6 million for the year ended December 31, 2000 to $6.3 million for the same period in 2001. The decrease was primarily associated with better mortality experience in the current period, which resulted in lower claims activity. We do not expect, nor have we been advised by the ceding life companies of, any material claims exposure related to the September 11, 2001 terrorist attacks. The aggregate face value of insurance underlying the policies we reinsured at December 31, 2000 was $9.4 billion compared to $9.1 billion at December 31, 2001. | 106 | 10K |
4645 | 918 | During 2012, the Company granted restricted stock awards to certain executive officers and employees in connection with their service to the Company. The terms of the Company’s restricted stock grants include both service and market-based conditions. The fair value of the awards with market-based conditions is determined using a Monte Carlo simulation method which calculates many potential outcomes for an award and then establishes fair value based on the most likely outcome. The determination of fair value with respect to the awards with only service-based conditions is based on the value of the Company’s stock on the grant date. | 99 | 10K |
NatwestGroupPLC-AR_2020 | 1,243 | Climate risk is the risk of financial loss or adverse non-financial impacts associated with climate change and the political, economic and environmental responses to it. | 25 | annual_report |
ScorSE-AR_2017 | 3,988 | Ordinary Shareholders’ Meetings are required for matters such as the election, replacement and removal of directors, the appointment of Statutory Auditors, the approval of the annual report prepared by the Board of Directors and of the annual accounts and the distribution of dividends. The Board of Directors is required to convene an annual Ordinary Shareholders’ Meeting, which must be held within six months of the end of the financial year. This period may be extended by an order of the President of the competent French Commercial Court. The Company’s financial year begins on the first day of January of each calendar year and ends on the last day of December of that year. | 113 | annual_report |
1593 | 373 | Certain amounts in the 1999 and 1998 consolidated financial statements have been reclassified to conform to the 2000 financial statement presentation. | 21 | 10K |
AegonNV-AR_2001 | 886 | Change in provision for claims Gross 238 –171 Reinsurers’ share –134 212 | 12 | annual_report |
4671 | 1,940 | The percentage of claims unpaid at December 31, 2012 for each accident year reflects both the speed at which claims and claim expenses for each accident year have been paid and our estimate of claims and claim expenses for that accident year. As seen above, claims and claim expenses for the 2006 and prior accident years have generally been paid, with 2001 having 4.4% remaining unpaid. This is driven in part by the mix of our business, which primarily included property catastrophe excess of loss reinsurance for personal lines property coverage, rather than commercial property coverage or retrocessional coverage, and the speed of the settlement and payment of claims by our underlying cedants. In contrast, our 2001 accident year, which includes losses from the events of September 11, 2001, includes a higher mix of commercial business and retrocessional coverage where the underlying claims of our cedants tend to be settled and paid more slowly. In addition, our 2007 accident year has also paid out more slowly due to increased complexity surrounding claims of our underlying cedants as a result of the notable losses during 2007, including European windstorm Kyrill. As noted in the table above, the percentage of claims and claims expenses unpaid as of December 31, 2012 related to more recent years, such as 2009 through 2012, range from 17.6% to 80.6%, which higher percentages are driven by the recency of these accident years, combined with the complexity surrounding claims of our underlying cedants and the nature of the events, such as the 2010 and 2011 New Zealand earthquakes, the Tohoku earthquake and storm Sandy. | 266 | 10K |
3866 | 1,086 | As commercial lines markets have grown more competitive over the past several years, we have focused on leveraging our local relationships as well as the efforts of our agents and the teams that work with them. In this environment, we have been careful to maintain appropriate pricing discipline for both new and renewal | 53 | 10K |
1020 | 349 | Interest Credited -- Products in this category credit interest to policyholders, subject to market conditions and minimum guarantees. Policyholders may surrender at book value but are subject to surrender charges for an initial period. Product examples include universal life contracts and the general account portion of the Company's variable annuity products. Liability duration is short- to intermediate-term. | 57 | 10K |
LloydsBankingGroupPLC-AR_2002 | 1,377 | •These securities constitute interests in European Financial Institution Investments Partnership, an English law general partnership in which the principal partner is Langbourn Holdings Limited, a wholly owned subsidiary of the Group. The minority interests are entitled to 90 per cent of the partnership’s profits. In the event of a winding-up, at least 90 per cent of the capital of the partnership would be returned to Langbourn Holdings Limited. | 68 | annual_report |
5287 | 1,022 | At December 31, 2016 and 2015, we did not have any off-balance sheet arrangements. | 14 | 10K |
de_allianz-AR_2010 | 436 | 3. Equity-related remuneration (long-term): consists of virtual shares, known as Restricted Stock Units (RSU). Annual achievement of targets is the basis for the initial grant value. The longer-term performance of the Group is reflected in the Allianz stock price evolution over the four-year vesting period. Payout occurs after five years. | 50 | annual_report |
4719 | 947 | The amendments in this Update are to be applied prospectively. For public entities, the amendments are effective during interim and annual periods beginning after December 15, 2011. Early application by public entities is not permitted. The adoption of this ASU did not have a material effect on the Company’s consolidated financial statements. | 52 | 10K |
RSAInsuranceGroupPLC-AR_2017 | 1,725 | Vested shares must be retained until the relevant shareholding level is reached, excluding any sold to satisfy statutory deductions. The applicable shareholding levels are detailed on page 92. | 28 | annual_report |
fr_axa-AR_2008 | 3,300 | Currency Translation Differences AXA elected the option to reset to zero all past cumulative currency translation differences for all foreign operations as of January 1, 2004. | 26 | annual_report |
4880 | 960 | Basis of Presentation. We prepare our financial statements in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”). These principles are established primarily by the Financial Accounting Standards Board (“FASB”). The preparation of financial statements in conformity with U.S. GAAP requires us to make estimates and assumptions that affect financial statement balances, revenues and expenses and cash flows, as well as the disclosure of contingent assets and liabilities. Management considers available facts and knowledge of existing circumstances when establishing the estimates included in our financial statements. | 86 | 10K |
AegonNV-AR_2015 | 1,395 | Japan: Aegon Sony Life and SARe Aegon Sony Life reinsures 100% of its guarantees on variable annuities to SARe. SARe has a comprehensive hedging program in place that covers the major risk dimensions. Execution of this hedging program is outsourced to Aegon USA Investment | 44 | annual_report |
PosteItalianeSpA-AR_2020 | 10,786 | Ø Lastly, the Board of Statutory Auditors met on several occasions the Risk Management function, which reported periodically on the monitoring and development of BancoPosta significant risks. In keeping with the Group’s new money laundering risk management model, as already mentioned above, from 2018, the Head of Risk Management has assumed the role of BancoPosta Head of Anti-money Laundering, and within the Risk Management function, the | 66 | annual_report |
5694 | 593 | Unpaid losses and LAE totaled $760,357,000 and $661,203,000 as of December 31, 2019 and 2018, respectively. The balance has increased year over year as a result of increased reserves for both weather-related and non weather-related activity during 2019 compared to 2018. In addition, during the year ended December 31, 2019, we increased our loss and LAE reserves for Hurricane Irma as a result of development trends that indicated our ultimate gross loss estimate should be increased. | 76 | 10K |
AegonNV-AR_2019 | 7,954 | The consolidated financial statements comprise: the consolidated statement of financial position as at December 31, 2019; the following statements for 2019: the consolidated income statement, consolidated statement of comprehensive income, consolidated statement of changes in equity and consolidated cash flow statement; and the notes to the consolidated financial statements, comprising the significant accounting policies and other explanatory information. | 61 | annual_report |
881 | 655 | UTI and FCC established a deferred compensation plan during 1993 pursuant to which an officer or agent of FCC, UTI or affiliates of UTI, could defer a portion of their income over the next two and one-half years in return for a deferred compensation payment payable at the end of seven years in the amount equal to the total income deferred plus interest at a rate of approximately 8.5% per annum and a stock option to purchase shares of common stock of UTI. At the beginning of the deferral period an officer or agent received an immediately exercisable option to purchase 2,300 shares of UTI common stock at $17.50 per share for each $25,000 ($10,000 per year for two and one-half years) of total income deferred. The option expires on December 31, 2000. A total of 105,000 options were granted in 1993 under this plan. As of December 31, 1998 no options were exercised. At December 31, 1998 and 1997, the Company held a liability of $1,494,520 and $1,376,384, respectively, relating to this plan. At December 31, 1998, UTI common stock had a market price of $8.125 per share. | 189 | 10K |
2515 | 461 | Losses and loss adjustment expenses. We establish loss and loss adjustment expense reserves in an amount equal to our estimate of the ultimate liability for claims under our insurance policies and the cost of adjusting and settling those claims. Our provision for loss and loss adjustment expense reserves in any period, which is the expense recorded, includes estimates for losses incurred during the period and changes in estimates for prior periods. | 71 | 10K |
3827 | 1,722 | Net losses and loss expenses. Net losses and loss expenses increased by $76.5 million, or 72.4%, for the year ended December 31, 2008 compared to the year ended December 31, 2007. The increase in net losses and loss expenses was primarily the result of increased storm activity during 2008 partially offset by higher net favorable reserve development. Loss activity in the current period’s business included estimated losses and loss expenses of $6.0 million for flooding in the U.S. Midwest, $27.2 million for a gas pipeline explosion in Australia, $14.1 million for Hurricane Gustav and $60.0 million for Hurricane Ike. | 99 | 10K |
1872 | 1,197 | Other expenses decreased 54% to $0.5 million for the year ended December 31, 2002 from $1.0 million for the year ended December 31, 2001. The decline in other expenses is due to our adoption of FAS 142. In accordance with FAS 142, we ceased the amortization of goodwill and indefinite lived intangible assets during the first quarter of 2002. | 59 | 10K |
5811 | 1,049 | At December 31, 2020, the cumulative number of reported claims for the Government Business was 225, 241 and 236 for the claim years 2018 and prior, 2019 and 2020, respectively. | 30 | 10K |
de_allianz-AR_2006 | 94 | An important area of our advisory and supervisory activity was themerger of the Italian Allianz subsidiary RAS Holding S.p.A. (RAS) into Allianz AG and the necessary preparations for this. We discussed and checked all this in our meetings in March, May and September on the basis of verbal reports from the Management Board and writtenmaterial. In two cases, the Supervisory Board passed written resolutions on this. In addition to its ordinary meetings, the Standing Committee twice took decisions through themedium of telephone conference calls. One of the decisions dealt with the conclusion of a settlement with those shareholders who had started actions in law to contest themerger. In the settlement that was reached the plaintiffs agreed to withdraw their actions in consideration for our assuming their lawyers’ costs, so that these actions nomore stood in the way of the merger and transformation of the company. The Supervisory Board also closely monitored the | 152 | annual_report |
2155 | 749 | Merrill Lynch Life’s investment in collateralized mortgage obligations (“CMO”) and mortgage backed securities (“MBS”) had a carrying value of $20.3 million and $41.3 million at December 31, 2003 and 2002, respectively. At December 31, 2003, approximately 94% of Merrill Lynch Life’s CMO and MBS holdings were fully collateralized by the Government National Mortgage Association, the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation. CMO and MBS securities are structured to allow the investor to determine, within certain limits, the amount of interest rate risk, prepayment risk and default risk that the investor is willing to accept. It is this level of risk that determines the degree to which the yields on CMO and MBS securities will exceed the yields that can be obtained from corporate securities with similar credit ratings. | 133 | 10K |
4230 | 1,635 | Historically, adjusted operating income included the net impact of both the change in fair value of the embedded derivative liabilities associated with our living benefit features and the change in fair value of the related derivative hedge positions, as well as the related impact to the amortization of deferred policy acquisition and other costs. In light of management’s decision to change the hedge target, as discussed above, in the third quarter of 2010, we amended our definition of adjusted operating income to exclude changes in the fair value of the embedded derivative liabilities and the related derivative hedge positions, as well as the related amortization of deferred policy acquisition and other costs. The net impact of both the change in fair value of the embedded derivative liabilities associated with our living benefit features and the change in fair value of the related derivative hedge positions are included in “Realized investment gains (losses), net and related adjustments” and the related impact to the amortization of deferred policy acquisition and other costs is included in “Related charges.” See “-Consolidated Results of Operations-Segment Measures” for additional information. | 184 | 10K |
865 | 290 | MAMSI Life and Health Insurance Company ("MAMSI Life") develops and markets indemnity health products and group life, accidental death and short-term disability insurance. | 23 | 10K |
814 | 190 | Additionally in the Program division, the Company changed its strategies within its Workers' Compensation underwriting activities during 1996. In 1995 and previous years, the Company had followed a strategy of depopulating assigned risk pools through the application of intensive case management techniques with risks which had become unacceptable to the standard market due to frequency rather than severity. With the improvement of workers' compensation results for the industry as a whole, more companies were willing to write workers' compensation, and therefore, the number of risks fitting the Company's profile for removal from assigned risk pools was substantially depleted. During 1996, the Company moved to a strategy of partnership arrangements with select agencies in which the agent accepts part of the underwriting risk in return for an enhanced profit sharing from the Company. Due to the competitive market, this strategy is developing slowly, and, thus, the Company experienced a 65% decrease in its direct written premiums in this line of business. This transition phase caused the expense ratio in this line of business to increase more than 100%, and resulted in an underwriting loss for this line of business. | 188 | 10K |
4591 | 1,045 | Plan investments are exposed to stock market, interest rate, and credit risk. Concentrations of these risks are generally limited due to diversification by investment style within each asset class, diversification by investment manager, diversification by industry sectors and issuers, and the dispersion of investments across many geographic areas. | 48 | 10K |
AvivaPLC-AR_2020 | 5,088 | 2 Product governance and mis-selling costs, previously included within other costs, have been presented as a discrete item in the reconciliation in order to improve transparency. | 26 | annual_report |
INGGroepNV-AR_2013 | 3,839 | In November 2012, ING Insurance restructured the IABF to effectively delink ING Insurance US from the IABF. ING Insurance US transferred its Dutch State receivable of approximately EUR 1.1 billion (USD 1.4 billion) to ING Bank, and at the same time transferred legal title to 80% of the Alt-A portfolio to ING Bank. The securities were held in an ING Bank custody account for the benefit of the Dutch State (the portion for which the investment risk has been transferred to the Dutch State). Following the restructuring, ING Insurance US continues to own 20% of the Alt-A portfolio (the portion for which the economic ownership and investment risk remains for the risk of ING), but will going forward have the right to sell these securities, subject to a right of first refusal granted to ING Bank. ING has committed to the Dutch State that it will not sell these securities to non-ING parties without the prior written consent of the Dutch state. | 162 | annual_report |
NatixisSA-AR_2020 | 3,216 | Financial assets at fair value through other comprehensive income 13,194 13,194 13,194 - 526 - - | 16 | annual_report |
Sampoplc-AR_2012 | 1,361 | Mandatum Life parent company total 8.8 1,419 1,192 2,162 1,464 1,118 630 885 | 13 | annual_report |
gb_prudential-AR_2018 | 7,482 | Risk�discount�rate 4.7 4.0 Pre-tax�expected�15-year�nominal�rates�of�investment�return note (c) 3.1 2.6 With-profits and other business: Risk�discount�rate: note (b) | 15 | annual_report |
5652 | 543 | Total costs of providing services were $7.7 billion for the year ended December 31, 2018, compared to $7.7 billion for the year ended December 31, 2017, an increase of $18 million. Total costs of providing services were $7.7 billion for the year ended December 31, 2017, compared to $7.5 billion for the year ended December 31, 2016, an increase of $147 million. See the following discussion for further details. | 69 | 10K |
5674 | 520 | contracts that would be accounted for as derivative instruments. We have no obligations, including contingent obligations, arising out of a variable interest in an unconsolidated entity held by, and material to, us, where such entity provides financing, liquidity, market risk or credit risk support to, or engages in leasing, hedging or research and development services with us. We have no direct investments in real estate and no holdings of mortgages secured by commercial real estate. Accordingly, we have no material off-balance sheet arrangements. | 83 | 10K |
4014 | 2,517 | As of December 31, 2009 and 2008, the Company's net mortgage guaranty insurance in force (representing the current principal balance of all mortgage loans currently reinsured) was approximately $0.4 billion, and net risk in force was approximately $0.4 billion. These amounts are not included in the above table. | 48 | 10K |
4033 | 567 | revenues on a constant dollar basis of 15.4%. International Operations revenues before reimbursements by major region were as follows: | 19 | 10K |
1610 | 289 | In addition, Gallagher has a non-employee directors' stock option plan which currently authorizes 940,000 shares for grant, with Discretionary Options granted at the direction of the Option Committee and Retainer Options granted in lieu of the directors' annual retainer. Discretionary Options shall be exercisable at such rates as shall be determined by the Committee on the date of grant. Retainer Options shall be cumulatively exercisable at the rate of 25% of the total Retainer Option at the end of each full fiscal quarter succeeding the date of grant. The excess of fair value at the date of grant over the option price for these nonqualified stock options is considered compensation and is charged against earnings ratably over the vesting period. | 120 | 10K |
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