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3632
1,028
Our operating cash flows from our Risk and Insurance Brokerage Services and Consulting segments, as well as related corporate items, was $429 million in 2008 compared to $904 million in 2007. The decline in operating cash flows, in part, is due to $376 million of taxes paid on the gain from the sales of CICA and Sterli...
95
10K
fr_axa-AR_2012
4,811
If, in subsequent periods, the appraisal value rises to at least 15% more than the net carrying value, previously recorded impairment is reversed to the extent of the difference between a) the net carrying value and b) the lower of the appraisal value and the depreciated cost (before impairment).
49
annual_report
2301
582
Participating business at year-end approximates 7% of statutory premiums and 8% of the life insurance in force. The amount of dividends to be paid is determined annually by the Board of Directors. Provision has been made in the liability for future policy benefits to allocate amounts to participating policyholders on t...
86
10K
Sampoplc-AR_2010
1,258
The decision on whether the impairment is significant or prolonged requires an assessment of the management. The assessment is done case by case and with consideration paid not only to qualitative criteria but also historical changes in the value of an equity as well as time period during which the fair value of an equ...
69
annual_report
1379
434
In 2000 the Company recorded charges of $4.9 million, for losses associated with certain of the Company's capitated provider arrangements. In the fourth quarter of 2000 the Company also recorded charges
31
10K
StorebrandASA-AR_2004
1,569
See note 31 for information on the calculation of effective yield.
11
annual_report
1140
591
(a) The Company is involved regularly, directly or indirectly, in litigation in the ordinary course of conducting insurance and reinsurance business. In some cases, plaintiffs seek to establish coverage for liability under environmental protection laws. While the nature and extent of insurance and reinsurance coverage ...
145
10K
GjensidigeForsikringASA-AR_2014
705
Kristensen is up for election to the Board in 2016. Kristensen holds 526 shares in Gjensidige Forsikring ASA, including any shares held by closely related parties (last change 10 December 2012).
31
annual_report
302
68
Net investment income for 1996 was $40.3 million or 8.8% higher than for the preceding year primarily due to increases in the average amount of invested assets. Invested assets have increased primarily due to receiving annuity and guaranteed investment contract (GIC) deposits and to acquisitions. The assumption of four...
83
10K
1999
749
The increase in earnings in 2001 is primarily due to increased income from Life Reinsurance and Wealth Management operations and an increase in investment income due to the increase in average invested assets, offset in part in 2001 by an increase in realized losses on fixed maturity investments.
48
10K
RaiffeisenBankInternationalAG-AR_2005
1,471
Deposits from banks break down along geographical lines as follows: Central Europe (CE) 1,219,051 1,079,254
15
annual_report
2852
773
The above table does not include notional values for equity futures, equity financial forwards, and equity options. At December 31, 2005 and 2004, the Company owned 587 and 217 equity futures contracts, respectively. Equity futures market values are included in financial futures in the preceding table. At December 31, ...
124
10K
AvivaPLC-AR_2019
4,990
Within 1 year 238 311 549 251 315 566 1 – 5 years 686 1,194 1,880 708 1,231 1,939 5 – 10 years 635 1,451 2,086 673 1,490 2,163 10 – 15 years — 1,417 1,417 — 1,441 1,441 Over 15 years 5,251 2,636 7,887 5,365 2,923 8,288
48
annual_report
AssicurazioniGeneraliSpA-AR_2015
3,325
in an ci al li ab ili tie s de si gn at ed a s at fa ir v al ue th ro ug h pr of it or lo ss
32
annual_report
988
109
The Company occupies office premises under noncancellable operating leases expiring at various dates. These leases generally contain renewal options and escalation clauses based on increases in the lessors' operating expenses and other charges. The Company expects that most leases will be renewed or replaced upon expi...
72
10K
fr_axa-AR_2000
2,877
The Company’s consolidated financial statements are prepared as at December 31. Certain entities within
14
annual_report
AdmiralGroupPLC-AR_2012
489
As a Group we participate in a number of independently managed surveys including The Sunday Times 100 Best Companies to Work For and the Great Place to Work® Institute’s Best Workplaces in the UK and Best Workplaces in Europe.
39
annual_report
5838
1,136
Future payments under operating lease arrangements accounted for under ASC Topic 842 as of December 31, 2020 are as follows (in millions):
22
10K
3387
2,508
In certain investment structures, the Company’s asset management business invests with other co-investors in an investment fund referred to as a feeder fund. In these structures, the invested capital of several feeder funds is pooled together and used to purchase ownership interests in another fund, referred to as a ma...
258
10K
2634
430
Commissions SCW receives on premiums it writes for APCapital’s insurance subsidiaries typically account for 65% to 75% of its revenues. Direct premiums written for us by SCW during 2004, 2003 and 2002
32
10K
2589
1,540
2006, additional payments aggregating up to approximately 25% of the base purchase price, based on, among other things, certain revenue retention and growth measures. The purchase price is also subject to reduction over five years, depending on retention of certain MetLife-related business. The Company has reclassified...
127
10K
2062
833
See Note 9 for a discussion of the workers' compensation insurance operations' reinsurance.
13
10K
SwissLifeHoldingAG-AR_2006
845
Cash and cash equivalents as at 31 December 7 445 13 762
12
annual_report
gb_prudential-AR_2019
2,607
The amount of any bonus payment (including any deferred component) to John Foley in respect of 2019 (including that awarded for performance and service during the pre-demerger period) and the vesting of Mr Foley’s replacement 2017-2019 long-term incentive award are due to be disclosed by M&G plc and described in the M&...
81
annual_report
HiscoxLtd-AR_2020
2,008
Government issued bonds and instruments 20 28 Agency and government supported debt 6 6 Asset-backed securities – 1 Mortgage-backed instruments – agency 6 5 Mortgage-backed instruments – non-agency – 1 Corporate bonds 65 57 Lloyd’s deposits and bond funds 3 2
41
annual_report
3888
983
Property and casualty insurance and health insurance premiums are recognized and earned ratably over the periods to which the premiums relate.
21
10K
4901
909
The following tables present the changes of the investment portfolio included in net income of the Company:
17
10K
BaloiseHoldingLtd-AR_2014
992
Corporate Governance Corporate Governance Report including Remuneration Report 04_JB_Corporate_Governance_en�indd 84 24�03�2015 13:14:21
12
annual_report
TopdanmarkAS-AR_2020
762
Note 31. Auditors' fee Fee to the auditors elected at the Annual General Meeting EY Godkendt Revisionspartnerselskab: Fee for statutory audit of the annual accounts 4.3 4.2 Fee for other assurance engagements* 0.2 0.2 Fee for services, other than audit work 0.2 0.3 *Fee for other assurance engagements includes fee for ...
97
annual_report
AvivaPLC-AR_2011
2,597
Gross insurance liabilities K & 39 150,101 177,700 Gross liabilities for investment contracts L & 40 110,644 117,787 Unallocated divisible surplus K & 44 650 3,428 Net asset value attributable to unitholders D 10,352 9,032
35
annual_report
3628
2,610
During the year ended December 31, 2008 the Company increased its valuation allowance by $414,000. This increase included $999,000 representing an increase of deferred tax on unrealized losses allocated to equity, offset by reductions of $436,000 for the acquisition of 20% of Marlton and $149,000 for the 51% acquisitio...
85
10K
5138
1,663
Our fixed annuities business increased $47 million principally driven by higher sales of our life-contingent products in 2014.
18
10K
AssicurazioniGeneraliSpA-AR_2014
4,771
The Board, on 30 July 2014, attested, pursuant to article 2412 of the Civil Code, on transactions regarding the management of maturing debt and the renewal of the plan of EMTN bond issues.
33
annual_report
2027
505
The Company, as a direct premium writer in the State of Florida, is required to participate in certain insurer solvency pools under Florida Statutes 631.57(3)(a). Participation in these pools is based on the Company's written premium by line of business to total premiums written statewide by all insurers. Participation...
120
10K
ch_zurich_insurance_group-AR_2004
270
The finance workstream helped the Group enhance financial discipline during the 2005 planning and budgeting process. Each of the other six workstreams performed at least two pilot tests of process improvements designed to implement The Zurich Way. Based on the lessons learned from these pilots, more than 100 projects w...
60
annual_report
3030
1,173
An increase in realized gains, principally due to gains on the sale of the remainder of our Aspen holdings.
19
10K
2868
623
Sales of individual disability products increased 13.8% to $21.5 million for 2005 compared to 2004, and 18.1% to $18.9 million for 2004 compared to 2003. Increased sales, and ultimately premiums, resulted from additional penetration of existing distribution channels in recent years and the continuation of a national ma...
60
10K
GjensidigeForsikringASA-AR_2012
57
A clearer brand Relations with customers are also an important part of the brand strategy that was developed in 2012. It reaffirms our vision of knowing the customer best and caring the most. Customer needs shall serve as a guiding principle for our behaviour, products and services.
47
annual_report
AvivaPLC-AR_2016
3,367
Notes to the consolidated financial statements continued 4 – Segmental information continued (a) (iv) Segmental statement of financial position as at 31 December 2015 – restated1
26
annual_report
gb_prudential-AR_2011
422
Taiwan is now mainly focused on bank distribution with partners E.Sun and SCB although it does have growing direct marketing and worksite marketing activities, up 21 per cent and 33 per cent respectively in 2011.
35
annual_report
3436
1,356
TRM entered into a management agreement with CPIC effective July 1, 2007 to produce and manage brokerage business on behalf of CPIC. Under this agreement, TRM receives a provisional management fee equal to 34.0% of the subject premium of the business produced by TRM. The amount of the fee is adjusted between 31.0% and ...
93
10K
375
463
Company will receive minimum future rentals on various noncancellable operating leases on a building in Brea, California. The annual rental commitments, expressed in thousands, are shown as follows:
28
10K
NatixisSA-AR_2008
10,025
During the year the bank has, in common with other fi nancial institutions, been confronted with the diffi culties arising as a result of the international fi nancial crisis, to which both the Supervisory
34
annual_report
gb_lloyds_banking_grp-AR_2017
856
Structural hedge programmes implemented to manage liability margins and margin compression.
11
annual_report
5700
1,735
AIG’s ability to consummate the sale of its controlling interest in Fortitude Holdings and AIG’s ability to successfully manage Legacy Portfolios;
21
10K
RSAInsuranceGroupPLC-AR_2009
1,227
Changes in the income statement and equity: Increase/(decrease) in income statement Decrease in equity £m £m £m £m
18
annual_report
AvivaPLC-AR_2016
7,538
(ii) Tax credited to other comprehensive income Tax credited directly to other comprehensive income is £1 million (2015: £nil). This comprises deferred tax credited on the remeasurement of the pension scheme.
31
annual_report
NatwestGroupPLC-AR_2009
735
• Ensuring the safety, health and wellbeing of employees is core to our business. In 2009, we updated the Group’s Safety and Health policy standard to reflect our commitment to the safety and health of our people in every country in which we operate.
44
annual_report
RSAInsuranceGroupPLC-AR_2008
1,313
The accumulated actuarial gains since 1 January 2004 are £349m (2007: £62m).
12
annual_report
gb_lloyds_banking_grp-AR_2012
6,006
Other net assets and liabilities 29 319 742 loss on sale of businesses (7) (21) (314)
16
annual_report
3811
1,002
Change in fair value of derivatives (principally call options purchased to fund annual index credits on index annuities) is affected by the performance of the indices upon which our options are based and the aggregate cost of options purchased. The components of change in fair value of derivatives are as follows:
51
10K
3251
1,144
At December 31, 2006 and 2005, ANIC had marketable securities approximating $2.0 million and $2.1 million, respectively, on deposit with the State of Minnesota.
24
10K
4082
1,256
Gross insurance claim obligations represent the future value of payments MBIA expects to make, before estimated recoveries and reinsurance, with respect to actual or probable claims under insurance policies accounted for as financial guarantee insurance contracts and insured derivatives. The discounted value of such ac...
225
10K
4874
1,749
The Company enters into total return swaps referencing various project, investments and principal finance obligations. The Company enters into interest rate swaps to mitigate the interest rate risk on certain of the total return swaps and certain fixed maturity investments. The Company also uses other interest rate der...
55
10K
3433
709
In March 2007, we issued $600 million of 10 year senior notes at 6.20 percent. We used the proceeds of the notes to fund share buybacks and to repay a net $150 million on our revolving credit facility.
38
10K
SwissReAG-AR_2019
120
Emerging market premiums expanded by around 9% on average, albeit with large differences across countries. The Chinese life insurance industry is estimated to have resumed its double-digit growth path with premiums up 13% in 2019, driven by protection products. In 2018, the market had contracted following tighter regul...
95
annual_report
452
699
liabilities using enacted rates in effect for the years in which the differences are expected to reverse. The measurement of a deferred tax asset, if any, is subject to the expectation of future realization. The components of net deferred tax assets (liabilities) of the Company as at December 31, 1996 and 1995 were as ...
55
10K
5958
1,463
Catastrophe losses, excluding reserve reestimates $ 3,314 $ 2,509 $ 2,830
11
10K
3992
9,943
(1) Included in par value are zero-coupon securities that are generally purchased at a deep discount to the par value that is received at maturity. These primarily included corporate, municipal, foreign government and U.S. government and agencies zero-coupon securities with par value of $859 million, $5.48 billion, $1....
53
10K
StandardLifeAberdeenPLC-AR_2019
1,999
 Remuneration arrangements for new appointments will typically align with the remuneration policy  In the case of internal promotions, the Committee will honour existing commitments entered into before promotion
30
annual_report
3837
1,303
Included in net receivable for securities sold at December 31, 2008 and 2007 were gross payable and receivable balances. The components of net receivable for securities sold at December 31, 2008 and 2007 were as follows (in thousands of U.S. dollars):
41
10K
5504
870
Retail segment pretax income was $1,690 million in 2016, an increase of $431 million, or 34.2%, compared to 2015 primarily driven by the year-over-year improvement in our individual Medicare Advantage and state-based Medicaid businesses.
34
10K
5344
1,671
At December 31, 2016 and 2015, fixed maturities with fair values of $251.6 million and $217.4 million, respectively, and amortized cost of $238.5 million and $206.5 million, respectively, were on deposit with various state and governmental authorities.
37
10K
7
4,134
The accompanying consolidated financial statements include the accounts of the Company. All significant inter-company balances and transactions have been eliminated.
20
10K
SwissLifeHoldingAG-AR_2015
1,209
International Operating earnings of CHF 50 million correspond to a return of 12% on MCEV. This was driven by a strong value of new business, the operating profit and overall positive true-up effects on the in-force business relating to mortality, persistency and expenses.
43
annual_report
5883
756
Given the significant judgments made by management to identify indicators of impairment and to prepare probability-weighted cash flow analyses to determine if potential impairments exist and to measure fair value, auditing these impairment analyses required a high degree of auditor judgment, including the involvement o...
72
10K
SwissReAG-AR_2008
1,618
Senior financial debt 83 36 Senior operational debt 424 324 Subordinated financial debt 327 330 Subordinated operational debt 163 323
20
annual_report
RaiffeisenBankInternationalAG-AR_2020
4,469
Increases due to origination and acquisition 100,731 53,916 49,805 9,282 213,734
11
annual_report
RSAInsuranceGroupPLC-AR_2006
699
Notes: 1. The market price of ordinary shares on 12 June 2006, the date on which the above long term incentive scheme interests were granted, was 123.35p.
27
annual_report
StorebrandASA-AR_2006
1,156
Expected return for the next few years is calculated to be between 5% and 6%. Continuous active risk management, together with hedging transactions, reduce the likelihood of a low investment return.
31
annual_report
4473
9,309
Deferred policy acquisition costs decreased related to variable universal life, universal, variable annuities and traditional life products primarily as a result of amortization for the year ended December 31, 2011. The deferred policy acquisition cost balance associated with the fixed annuities increased as the amorti...
74
10K
4521
1,725
When evaluating segment pre-tax adjusted operating income (loss) in the Deferred Annuities’ segment, management includes the net investment gains (losses) from the FIA hedging program and changes in the fair value of the related FIA embedded derivative. The FIA hedging program consists of buying S&P 500 Index call opti...
114
10K
AdmiralGroupPLC-AR_2016
1,466
An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounting policies are appropriate ...
148
annual_report
2281
1,547
In fourth quarter 2002, the credit rating agencies lowered the credit ratings of our senior debt and commercial paper. On October 31, 2002, Moody's Investors Service lowered its rating of our senior debt to the current rating of "Baa2" from "Baa1." Moody's also placed the rating of our senior debt and the "P-2" rating ...
141
10K
1101
357
Realized gains and losses on the sale of investments are determined on the basis of the cost of the specific investments sold and are credited or charged to income on a trade date basis. Unrealized gains or losses on bonds and common stocks which are classified as available for sale, net of applicable deferred income t...
95
10K
HannoverRueckSE-AR_2010
179
In the first place, mention should be made of the substantial expansion in reinsurance business involving portfolios of immediate enhanced annuities with a single premium payment. This segment, which we played a crucial role in shaping in the United
39
annual_report
2797
1,038
expected loss method, which is commonly applied when limited loss experience exists. We select the initial expected loss and loss adjustment expense ratios based on information derived by our underwriters and actuaries during the initial pricing of the business, supplemented by industry data where appropriate. These ra...
277
10K
4905
1,777
Our actuaries review assumed reserve estimates annually for both current and prior accident years. The Property and Casualty Group ceased writing voluntary assumed business in 2003. Outstanding liabilities for the voluntary and involuntary assumed business are immaterial compared to the overall reserves. Our ceded rese...
83
10K
fr_axa-AR_2005
2,489
Underlying earnings were stable at €8 million. The combined ratio reached 101.1%.
12
annual_report
GjensidigeForsikringASA-AR_2018
854
We have developed a joint design system for all digital development in the Company. This facilitates more holistic customer experiences, more efficient development and reuse of solutions. This enables us to scale up and introduce successful solutions more quickly in more business areas.
43
annual_report
4572
643
The higher level of after-tax operating income in 2012 than in 2011 was primarily due to a lower amount of losses from catastrophic events and also reflected the impact of current insurance and reinsurance market conditions and the impact of lower interest yields on the investment portfolio.
47
10K
4107
1,812
The year ended December 31, 2009 included decreases of $5 million and $22 million attributable to changes in foreign exchange rates for our international mortgage and lifestyle protection insurance businesses, respectively.
31
10K
260
911
Annuity contracts issued by the Company do not generally have defined maturities. Fair values of the Company's liabilities under annuity contracts, the carrying amounts of which are included with policyholder contract deposits in the accompanying consolidated balance sheets, are estimated to equal the cash surrender va...
89
10K
BaloiseHoldingLtd-AR_2001
1,444
249.9 (2000: CHF 327.9 m). Other net currency positions, whether assets or liabilities, are of little amount. Foreign currency positions are hedged only to a minor extent, with the exception of one USD 120 m position.
36
annual_report
NatixisSA-AR_2020
7,125
Financial assets under IAS 398.2.1 At initial recognition, financial assets and liabilities are measured at fair value, corresponding to their acquisition price at that date. Their subsequent accounting treatment depends on their balance sheet classification. In accordance with IAS 39, financial assets are classified i...
113
annual_report
3610
1,492
Acquisition costs. Acquisition costs decreased to negative $2.2 million for the year ended December 31, 2006 from positive $5.7 million for the year ended December 31, 2005. The negative cost represents ceding commissions received on ceded premiums in excess of the brokerage fees and commissions paid on gross premiums ...
208
10K
3021
2,772
ERISA Action. Between November 30, 2004 and July 1, 2005, several ERISA actions were filed on behalf of purported class of participants and beneficiaries of three pension plans sponsored by AIG or its subsidiaries. A consolidated complaint filed on September 26, 2005 alleges a class period between September 30, 2000 an...
166
10K
AvivaPLC-AR_2019
2,184
• Used hindsight in determining the lease term where the contract contains options to extend or terminate the lease.
19
annual_report
1843
263
COMPANY OUTLOOK - - Consistent with the marketplace, the Company's sales continue to move towards lower profit margin products, such as term life and variable annuities. These lower profit margin products require a higher volume of sales to increase the Company's operating results. The Company achieved this increased v...
68
10K
4941
1,167
rate securities, valuation methodologies include consideration of the quality of the sector and issuer, underlying collateral, underlying final maturity dates, and liquidity.
22
10K
StorebrandASA-AR_2018
2,095
Of which premium reserve transferred to company -4 238 -3 310
11
annual_report
2495
657
Ocean marine gross premiums written grew by 6% during 2003 when compared to 2002. The increase reflected higher ocean marine rates with the largest rate increases, approximately 5% to 15%, occurring in the marine liability and hull classes and additional production was achieved in the marine liability class. Other mari...
215
10K
122
493
Notes payable at December 31, 1994 and 1993, are summarized as follows:
12
10K
4632
1,234
For the year ended December 31, 2012, the basic adjusted book value per share increased by $0.41 per share, or 1.9%, to $22.39 per share from $21.98 per share at December 31, 2011. During the year ended December 31, 2011, basic adjusted book value per share increased by $0.22 per share, or 1.0%, to $21.98 per share fro...
65
10K
4167
690
The consolidated loss and loss adjustment expense ratio of 57.3% in 2009 was 2.1 points lower than the loss and loss adjustment expense ratio of 59.4% in 2008. Catastrophe losses accounted for 2.1 points and 5.8 points of the 2009 and 2008 loss and loss adjustment expense ratios, respectively. The 2009 and 2008 loss an...
145
10K
gb_lloyds_banking_grp-AR_2009
5,732
12.75% Enhanced Capital Notes due 2020 (Series 34) (£57 million) 74 –
12
annual_report
3445
2,237
In the ordinary course of its insurance business, the Company receives claims for insurance arising under policies issued by the Company asserting alleged injuries and damages from asbestos- and environmental-related exposures that are the subject of related coverage litigation, including, among others, the litigation ...
166
10K
SwissReAG-AR_2014
635
The Corporate Solutions combined ratio was 93.0% and 95.1% in 2014 and 2013, respectively. The improvement year-on-year was mainly due to lower than expected natural catastrophe experience in 2014, partially offset by a larger number of man-made losses.
38
annual_report
463
167
Throughout 1995, the Company continued to focus on attracting new members and retaining existing members who have either been declined coverage by CNA or who have obtained their E&O coverage through another entity, as participants in the Company's warranty and Consumer Reach programs. A new membership program targeted ...
94
10K
1919
1,114
Policyholder benefits and expenses were $48.2 million in 2002, as compared to $30.1 million in 2001 and $13.5 million in 2000. The increase of $18.1 million from year ended December 31, 2001 to December 31, 2002 was partly attributable to the inclusion of ILCO's expenses for the full year in 2002 as compared to the per...
204
10K